<SEC-DOCUMENT>0001193125-14-043202.txt : 20140210
<SEC-HEADER>0001193125-14-043202.hdr.sgml : 20140210
<ACCEPTANCE-DATETIME>20140210161637
ACCESSION NUMBER:		0001193125-14-043202
CONFORMED SUBMISSION TYPE:	S-1/A
PUBLIC DOCUMENT COUNT:		11
FILED AS OF DATE:		20140210
DATE AS OF CHANGE:		20140210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Installed Building Products, Inc.
		CENTRAL INDEX KEY:			0001580905
		STANDARD INDUSTRIAL CLASSIFICATION:	GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
		IRS NUMBER:				453707650
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-1/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-193247
		FILM NUMBER:		14588867

	BUSINESS ADDRESS:	
		STREET 1:		495 SOUTH HIGH STREET, SUITE 50
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215
		BUSINESS PHONE:		614-221-3399

	MAIL ADDRESS:	
		STREET 1:		495 SOUTH HIGH STREET, SUITE 50
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-1/A
<SEQUENCE>1
<FILENAME>d614029ds1a.htm
<DESCRIPTION>AMENDMENT NO. 3 TO FORM S-1
<TEXT>
<HTML><HEAD>
<TITLE>Amendment No. 3 to Form S-1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>As filed with the Securities and Exchange Commission on February 10, 2014. </B></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="right"><B>Registration No. 333-193247 </B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom: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:0pt; margin-bottom:0pt; font-size:15pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:15pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES
AND EXCHANGE COMMISSION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; 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:4.0pt;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:12pt; font-family:Times New Roman" ALIGN="center"><B>Amendment No. 3 </B></P>  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>to
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>FORM S-1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:4.0pt;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:15pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION
STATEMENT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:Times New Roman" ALIGN="center"><B><I>UNDER </I></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:Times New Roman" ALIGN="center"><B><I>THE SECURITIES ACT OF 1933 </I></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:4.0pt;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:19pt; font-family:Times New Roman" ALIGN="center"><B>INSTALLED
BUILDING PRODUCTS, INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:4.0pt;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:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>1520</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>45-3707650</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(State or other jurisdiction of</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Primary Standard Industrial</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(I.R.S. Employer</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>incorporation or organization)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>Classification Code Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>Identification Number)</B></TD></TR>
</TABLE> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>495 South High Street, Suite 50 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Columbus, Ohio 43215 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(614)
221-3399 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address, including zip code, and telephone number, including area code, of registrant&#146;s principal executive offices)
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:4.0pt;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:8pt; font-family:Times New Roman" ALIGN="center"><B>Michael T. Miller </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Executive Vice President and Chief Financial Officer </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Installed Building Products, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>495 South High Street, Suite 50 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Columbus, Ohio 43215 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(614)
221-3399 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name, address, including zip code, and telephone number, including area code, of agent for service) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:4.0pt;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:8pt; font-family:Times New Roman" ALIGN="center"><B><I>Copies to: </I></B></P> <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="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Julie M. Allen, Esq.<BR>Robin M. Feiner, Esq.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Proskauer Rose LLP</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Eleven
Times Square</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>New York, New York 10036</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Tel (212) 969-3000</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Fax
(212) 969-2900</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Shelley A. McBride, Esq.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>General Counsel and Secretary</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Installed Building Products, Inc.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>495 South High Street, Suite 50</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Columbus, Ohio 43215</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Tel
(614) 221-3399</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Fax (614) 961-3542</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Michael J. Zeidel, Esq.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Skadden, Arps, Slate, Meagher &amp;</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Flom LLP</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Four Times
Square</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>New York, New York 10036</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Tel (212) 735-3000</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Fax
(212) 735-2000</B></P></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration
Statement. </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:4.0pt;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:8pt; font-family:Times New Roman">If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, check
the following box.&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT> </P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same
offering.&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT> </P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the
Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT> </P>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT> </P>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Securities Exchange Act of 1934, as amended. (Check one): </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="15%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="62%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">Large&nbsp;accelerated&nbsp;filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Accelerated&nbsp;filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">Non-accelerated filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT>&nbsp;&nbsp;(Do not check if a smaller reporting company)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Smaller&nbsp;reporting&nbsp;company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD></TR>
</TABLE>   <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:4.0pt;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:8pt; font-family:Times New Roman"><B>The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall
file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section&nbsp;8(a) of the Securities Act of 1933, as amended, or until this Registration Statement shall become
effective on such date as the Securities and Exchange Commission, acting pursuant to said Section&nbsp;8(a), may determine. </B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom: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="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow"><FONT COLOR="#cc062a"><B>The information contained in this preliminary prospectus is not complete and may be
changed. Neither we nor the selling stockholder may sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and we are not
soliciting offers to buy these securities in any jurisdiction where the offer or sale is not permitted. </B></FONT></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#cc062a"><B>PRELIMINARY PROSPECTUS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT COLOR="#cc062a"><B>Subject to Completion</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><FONT COLOR="#cc062a"><B>February 10, 2014</B></FONT></P></TD></TR>
</TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>9,000,000 Shares </B></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="g614029g79h14.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>Common Stock </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">This is the initial public
offering of our common stock. No public market currently exists for our common stock. We are offering 6,750,000 shares of our common stock and the selling stockholder named in this prospectus is offering 2,250,000 shares of our common stock. We will
not receive proceeds from the sale of shares by the selling stockholder. We expect the public offering price to be between $14.00 and $16.00 per share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have applied to list our common stock on the New York Stock Exchange, under the symbol &#147;IBP.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are an &#147;emerging growth company&#148; as defined under the federal securities laws and are eligible for reduced reporting requirements. See
&#147;Prospectus Summary&#151;Implications of Being an Emerging Growth Company.&#148; </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:12pt; font-family:Times New Roman"><B>Investing in our common
stock involves a high degree of risk. Before buying any shares, you should carefully read the discussion of material risks of investing in our common stock in &#147;<A HREF="#rom614029_2">Risk Factors</A>&#148; beginning on page 15 of this
prospectus. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or
determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. </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="72%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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>Per</B><br><B>Share</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 BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Public offering price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Underwriting discounts (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds, before expenses, to us</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds, before expenses, to the selling stockholder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Underwriting&#148; for a complete description of the compensation payable to the underwriters and our financial advisor. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The underwriters may also purchase up to an additional 1,350,000 shares of our common stock from us at the public offering price, less underwriting discounts
and commissions, within 30 days from the date of this prospectus. If the underwriters exercise this option in full, the total underwriting discounts will be $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, and the total proceeds, after
underwriting discounts but before expenses, to us will be $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The underwriters are offering the common
stock as set forth under &#147;Underwriting.&#148; Delivery of the shares will be made on or about &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2014. </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="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:16pt" ALIGN="center">


<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:16pt">
<TD VALIGN="top"><B>Deutsche Bank Securities</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:16pt; font-family:Times New Roman" ALIGN="right"><B>UBS Investment Bank</B></P></TD></TR>
</TABLE> <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:14pt; font-family:Times New Roman" ALIGN="center"><B>Zelman Partners LLC </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:12pt; font-family:Times New Roman" ALIGN="center"><B>BB&amp;T
Capital Markets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KeyBanc Capital Markets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SunTrust Robinson Humphrey </B></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" ALIGN="center">


<IMG SRC="g614029g12f18.jpg" ALT="LOGO">
 </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">You should rely only on the information contained in this prospectus and any free writing prospectus we may
specifically authorize to be delivered or made available to you. We, the selling stockholder and the underwriters have not authorized anyone to provide you with additional or different information. The information contained in this prospectus or any
free writing prospectus is accurate only as of its date, regardless of its time of delivery or of any sale of shares of our common stock. Our business, financial condition, results of operations and prospects may have changed since that date. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc"></A>TABLE OF CONTENTS </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="95%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_1">Prospectus Summary</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_2">Risk Factors</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_3">Information Regarding Forward-Looking Statements</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_4">Use of Proceeds</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_5">Dividend Policy</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_6">Capitalization</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_7">Dilution</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_8">Selected Consolidated Financial Data</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_9">Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_10">Our Business</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_11">Management</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_12">Compensation of our Executive Officers and Directors </A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_13">Certain Relationships and Related-Party Transactions</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_14">Principal and Selling Stockholder</A>s</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">98</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_15">Description of Capital Stock</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_16">Shares Eligible for Future Sale</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_17">Material U.S. Federal Income Tax Consequences to Non-U.S. Holders</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_18">Underwriting</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">110</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_19">Legal Matters</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_20">Experts</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_21">Where You Can Find More Information</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom614029_22">Index to the Consolidated Financial Statements</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This prospectus is an offer to sell only the shares offered hereby but only under circumstances and in jurisdictions
where it is lawful to do so. </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">i </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>PRESENTATION OF MARKET AND INDUSTRY DATA AND INFORMATION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We obtained the industry, market and competitive position data used throughout this prospectus from our own internal estimates and research as well as from
U.S. government and industry publications, studies and surveys. U.S. government and third-party industry sources include the U.S. Census Bureau, the National Association of Homebuilders, or NAHB, Blue Chip Economic Indicators, or Blue Chip, McGraw
Hill Construction, Builder Magazine and the Joint Center of Housing Studies of Harvard University. The information derived from the sources cited in this prospectus generally represents the most recently available data and, therefore, we believe
such data remains reliable. While we believe our internal company research is reliable, such research has not been verified by any independent source. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In
this prospectus, we present a variety of housing market indicators, including building permits, housing starts and housing completions. </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>
<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">A building permit is counted at the point in time a permit for construction is granted. </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>
<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">A housing start is counted at the point in time excavation begins for the footings or foundation of a home. </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>
<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">A housing completion is counted at the point in time installation of all finished flooring or carpeting of a home is completed. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Building permits and housing starts are both considered leading indicators of the state of the housing market. Alternatively, housing completions are
considered a lagging indicator of the housing market. Statements in this prospectus relating to prospective trends in and forecasts of the housing market are based on housing starts or building permits, unless otherwise indicated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">References to the top ten largest homebuilders are based on Builder Magazine&#146;s 2012 Builder 100 list, which ranks U.S. single-family homebuilders based
on the total number of home closings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">References to a housing market refer to a Metropolitan Statistical Area, or an MSA, which is an area that generally
consists of at least one urbanized area of 50,000 or more inhabitants, plus adjacent territory that has a high degree of social and economic integration with the core area as measured by commuting ties. MSA boundaries are based on U.S. Census Bureau
determinations as of March 2013. References to our locations refer to properties where we own or lease a facility. Our branches include one or more locations that typically share a common branch manager and administrative staff. We have multiple
branches in certain of our markets. References to the markets that we serve or in which we operate are those markets within 50 miles of our locations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information in this prospectus relating to forecasts for U.S. housing starts is based on Blue Chip Economic Indicators, Top Analysts&#146; Forecasts of the
U.S. Economic Outlook for the Year Ahead dated January 10, 2014. Information in this prospectus relating to historical and forecast reports for commercial construction market starts is based on McGraw Hill Construction Dodge Reports, which are
issued on a quarterly basis. We currently participate in many, but not all, categories of the commercial construction market included in the McGraw Hill Construction Dodge Reports. </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">ii </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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><A NAME="rom614029_1"></A>Prospectus Summary </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This prospectus summary highlights certain information appearing elsewhere in this prospectus. As this is a summary, it does not contain all of the information
that you should consider in making an investment decision. You should read the entire prospectus carefully, including the information under &#147;Risk Factors,&#148; &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results
of Operations&#148; and our consolidated financial statements and the related notes thereto included elsewhere in this prospectus, before investing. This prospectus includes forward-looking statements that involve risks and uncertainties. See
&#147;Information Regarding Forward-Looking Statements.&#148; Unless the context otherwise requires, the terms &#147;IBP,&#148; &#147;the company,&#148; &#147;we,&#148; &#147;us&#148; and &#147;our&#148; in this prospectus refer to Installed
Building Products, Inc. and its subsidiaries. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>OUR COMPANY </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are the second largest new residential insulation installer in the United States based on our internal estimates, with a national platform consisting of
over 100 locations serving customers in 44 states. We believe we have the number one or two market position for new single-family insulation installation in more than half of the markets in which we operate, based on permits issued in those markets.
We also install complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provide cross-selling opportunities. For the nine months ended September&nbsp;30, 2013, we generated net revenue
of $312.6 million, Adjusted EBITDA of $16.3 million and net income of $3.7 million. This represents a 49.0% increase in net revenue and a 3.1 times increase in Adjusted EBITDA as compared to the nine months ended September&nbsp;30, 2012.
Approximately 79% of our net revenue in the nine months ended September&nbsp;30, 2013 was derived from sales to the U.S. residential new construction market. </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="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><I>Net Revenue for the nine-month period ended September&nbsp;30, 2013</I></TD></TR>
<TR>
<TD HEIGHT="13" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center">


<IMG SRC="g614029g53l49.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We manage all aspects of the installation process for our customers, from our direct purchase and receipt of materials from
national manufacturers, to our timely supply of materials to job sites and quality installation. Installation of insulation, which includes air sealing, is a critical phase in the construction process, as certain interior work cannot begin until the
insulation phase passes inspection. We benefit from our national scale, long-</P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
standing supplier relationships and a broad customer base that includes production and custom homebuilders, multi-family and commercial contractors, and homeowners. During each of the past five
years, no single customer accounted for more than 3% of our net revenue. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our business began in 1977 with one location in Columbus, Ohio. In the late
1990s, we began our acquisition strategy with the goal of creating a national platform. Since 1999, we have successfully completed and integrated over 90 acquisitions, which has allowed us to generate significant scale and to diversify our product
offering while expanding into some of the most attractive housing markets in the United States. Over the past several years, our net revenue has increased at a faster rate than our operating expenses, resulting in an improved cost structure and a
more efficient and scalable operating model to improve our financial performance and returns on invested capital. We are well positioned to continue to grow our business through the ongoing housing recovery, market share gains and acquisitions. We
estimate that we have grown our share of the U.S. residential new construction insulation installation market from approximately 5% as of December&nbsp;31, 2005 to approximately 16% as of September&nbsp;30, 2013, based on total U.S. housing
completions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>INDUSTRY OVERVIEW AND TRENDS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Housing End Market.</I></B> Our business is driven primarily by the U.S. residential new construction market. According to the U.S. Census Bureau, total
housing starts averaged approximately 1.6&nbsp;million per year from 1968 to 2006. From 2007 to 2012, housing starts averaged approximately 800,000&nbsp;per year, reaching a low in 2009 of approximately 554,000. After remaining relatively flat in
2010 and 2011, the housing industry started to recover in 2012, with U.S. housing starts increasing to approximately 781,000, which was the highest level achieved since 2008. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Historical and Forecast U.S. Housing Starts </I></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="g614029g39e12.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Source: U.S. Census Bureau for historical starts data; Blue Chip for starts forecasts. </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe that a new home construction recovery is currently underway on a national basis, which is being driven by key macroeconomic factors, including
improved consumer confidence, increasing household formation and attractive levels of new home affordability. According to Blue Chip, housing starts are expected to grow by </P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
19% in 2014 to reach approximately 1.1&nbsp;million and by 18% in 2015 to reach approximately 1.3 million. We continuously monitor housing market growth trends across the United States in order
to allocate our resources to maximize operating efficiencies and assess geographic expansion opportunities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Other End Markets.</I></B> We also
install building products, including insulation, for the commercial construction and repair and remodel end markets. The McGraw Hill 2013 Dodge Construction Outlook (third quarter update) forecasts a 5% year-over-year increase in square footage for
commercial construction in 2013 and a 17% year-over-year increase in 2014. We also expect to experience an increase in repair and remodel activity as the overall housing market recovery progresses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Insulation Market.</I></B> We compete primarily in the U.S. residential new construction insulation installation market, which we believe exceeded $1.4
billion of sales in 2012 and $4.0 billion of sales in 2005. Sales in the U.S. residential new construction insulation installation market are tied to trends in the housing market. We estimate that the top three insulation installers comprise
approximately half of the total market. The remainder of the market is highly fragmented and is comprised primarily of smaller, privately owned, local companies, many of which lack scale and have limited access to capital. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Insulation and energy efficiency standards</I></B>. The amount of insulation in a new home is regulated by various building and energy codes, which
establish minimum thermal and air sealing performance requirements. These codes are typically updated with more stringent requirements every three years. The most recent of these code enhancements to be adopted is the 2012 International Energy
Conservation Code, or the 2012 IECC. As of November 2013, six states and an additional 44 local jurisdictions had adopted the 2012 IECC, and the U.S. Department of Energy projects that 18 states will have adopted standards at the 2012 IECC level or
higher by 2015. We believe that new residential insulation demand will increase as a result of increased adoption of the 2012 IECC by states and municipalities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Installation and homebuilders.</I></B> Builders value the benefits of using a qualified and experienced installer. These benefits include expertise in
installing insulation and other products, knowledge of local building codes, timely supply of materials to job sites and management of installer labor. According to the NAHB, insulation comprises 1.8% of the total construction cost of a typical
single-family home. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>OUR COMPETITIVE STRENGTHS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We
believe we benefit from the following competitive strengths: </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Local market leadership with national scale </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We are the second largest new residential insulation installer in the United States based on our internal estimates. We installed insulation in more than 70,000 homes in 2012 and operate in over 70% of the 50 largest
housing markets across the United States, as measured by U.S. Census Bureau population estimates. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our local branch operations have earned a reputation for timely and quality installations, positioning us, we believe, as the number one or number two insulation installer for new single-family insulation installation
in more than half of the markets we serve, based on permits issued in those markets. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our branches have expertise in local building codes and energy-efficient building practices, and strong working relationships with homebuilders and on-site construction managers. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our regional managers, local branch managers and sales force have significant experience in the industry and have spent an average of more than 10 years with our operations. </TD></TR></TABLE>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Proven ability to gain market share </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We estimate that we have increased our market share in the U.S. residential new construction insulation installation market from approximately 5% to approximately 16% from December&nbsp;31, 2005 to September&nbsp;30,
2013, based on total U.S. housing completions. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We have increased our net revenue divided by total U.S. housing completions by 180% from 2005 to 2012. We believe that our ability to increase net revenue performance over this period, despite a 66% decline in the
number of total U.S. housing completions over this period, was the result of acquiring local installation operations, gaining market share organically, cross-selling complementary installation services and installing more insulation per home due to
the adoption of more energy efficient building codes. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Net Revenue Divided by Total U.S. Housing Completions </I></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="g614029g96r43.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Source: U.S. Census Bureau for housing completions data. </I></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Proven acquisition track record </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Since 1999, we have completed over 90 acquisitions. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We have a proven ability to identify operations that meet our disciplined acquisition criteria and to successfully integrate them to realize synergies within our scalable infrastructure. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our ability to retain local employees, trademarks, trade names and long-term customers has been an important component of our successful acquisition strategy. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Highly efficient and scalable operating model </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our national platform and long-standing supplier relationships allow us to leverage economies of scale to deliver attractive margins. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our web-based information system facilitates the complete proposal-to-collection process with a customizable platform that supports local market needs, while also enabling efficient centralized accounting and in-depth
data analysis. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our local branch operations benefit from dedicated corporate services related to purchasing, safety practices, claims and risk management, regulatory compliance and human resources support. </TD></TR></TABLE>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Highly experienced and incentivized management team </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our management team has led us through multiple housing industry cycles, providing valuable continuity and a demonstrated ability to improve operations and grow our business both organically and through acquisitions.
</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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Each of our executive officers has more than 10 years of experience with us. They and our regional presidents average more than 20 years of experience in the building products and construction industries.
</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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our senior management team is highly incentivized to succeed. Jeff Edwards, our Chief Executive Officer and Chairman, and our directors and executive officers will beneficially own approximately 41% and 68%,
respectively, of our common stock after this offering. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>OUR GROWTH STRATEGY </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our objective is to leverage our competitive strengths to increase stockholder value through the following key strategies. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Capitalize on the new construction market recovery </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Approximately 79% of our net revenue in the nine months ended September&nbsp;30, 2013 was derived from sales to the U.S. residential new construction market. According to Blue Chip, housing starts are expected to grow
by approximately 19% in 2014 and approximately 18% 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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We estimate that our current addressable market, measured by the total number of permits issued in the markets we serve, has grown from approximately 24% of total new U.S. residential building permits for the year ended
December&nbsp;31, 2005 to approximately 55% for the nine months ended September&nbsp;30, 2013. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our diversified customer base includes an attractive mix of production and custom homebuilders, ranging from national home builders to regional and local homebuilders as well as multi-family and commercial contractors,
which we believe will enable us to grow through all stages of the housing recovery. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We will continue to emphasize sourcing direct from manufacturers, local pricing discipline and working capital management to maximize our operating leverage and improve our market position. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Continue to gain market share through organic growth </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We believe we will continue to gain organic market share, aided by our national scale and local presence, quality service and ability to hire, train and retain installers. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We expect to continue to strengthen our leading national market position, as many of our competitors lack the access to capital required to keep pace with the U.S. housing market recovery. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We will continue to pursue cross-selling opportunities in garage doors, rain gutters, shower doors, closet shelving and mirrors and other complementary products.&nbsp;We estimate that our net revenue contributed by
these products divided by total U.S. housing completions has grown from approximately $51 in 2005 to approximately $120 in 2012, a 135% increase. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Pursue value-enhancing strategic acquisitions </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The highly fragmented nature of our industry allows for both geographic expansion and existing market tuck-in acquisitions. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We will continue to identify and pursue strategic acquisitions, based on our acquisition criteria that include local brand strength and quality of the local management and labor force. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We believe we will continue to achieve synergies from our acquisitions due to our national buying power, value-enhancing technology and proven operating platform. </TD></TR></TABLE>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Maximize benefits from energy efficiency standards and industry trends </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We expect to increase our net revenue as building codes continue to require higher energy efficiency and homeowners become more focused on energy conservation. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A return to the historic mix of single-family and multi-family new home construction activity, as forecasted by the NAHB, is expected to further increase insulation demand. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Approximately 11% of our net revenue was derived from sales made to the commercial construction end market for the nine months ended September&nbsp;30, 2013. According to the McGraw Hill 2013 Dodge Construction Outlook
(third quarter update), square footage for commercial construction starts is expected to increase 5% year-over-year in 2013 and 17% year-over-year in 2014. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>RECENT DEVELOPMENTS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the three months
ended December 31, 2013, we expect to report net revenue in the range of $112 million to $122 million as compared to $91.4 million for the three months ended December 31, 2012. We also expect to report net revenue in the range of $425 million to
$435 million for the year ended December 31, 2013 as compared to $301.3 million for the year ended December 31, 2012. The increase in net revenue for these periods is primarily attributable to growth in the number of completed jobs in the
residential new construction end market and revenue from acquisitions. The increase was also attributable to other factors including customer and product mix, market pricing variations and insulation volumes driven by building code requirements.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have provided a range, rather than a specific amount, for the preliminary results described above primarily because our financial
closing procedures for the year ended December 31, 2013 are not yet complete and, as a result, we expect that our final results upon completion of our closing procedures may vary from the preliminary estimates within the ranges as described above.
We are not able to provide an estimated range for net income or Adjusted EBITDA as we have not yet finalized the amounts used to calculate net income or Adjusted EBITDA. We expect to complete our closing procedures with respect to the year ended
December 31, 2013 after the completion of this offering. Our auditors have not yet completed their audit of our results for the year ended December 31, 2013. The estimates were prepared by our management, based upon a number of assumptions, in
connection with preparation of our financial statements and completion of the year-end audit. Additional items that would require material adjustments to the preliminary financial information may be identified. Estimates of results are inherently
uncertain and subject to change, and we undertake no obligation to update this information. See &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#151;Critical Accounting Policy and Estimates,&#148;
&#147;Risk Factors&#151;Risks Associated With Our Business&#148; and &#147;Information Regarding Forward-Looking Statements.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>RISKS ASSOCIATED
WITH OUR BUSINESS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investing in our common stock involves a high degree of risk. You should carefully consider the risks described in &#147;Risk
Factors&#148; before making a decision to invest in our common stock. If any of these risks actually occurs, our business, financial condition, results of operations and prospects would likely be materially adversely affected. In such case, the
trading price of our common stock would likely decline, and you may lose part or all of your investment. Below is a summary of some of the principal risks we face: </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>
<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">our dependence on the residential construction industry, the economy and the credit markets; </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>
<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">uncertainty regarding the housing recovery; </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>
<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">declines in the economy or expectations regarding the housing recovery that could lead to additional significant impairment charges; </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>
<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">the cyclical and seasonal nature of our business; </TD></TR></TABLE>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<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">our exposure to severe weather conditions; </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>
<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">the highly fragmented and competitive nature of our industry; </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>
<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">product shortages or the loss of key suppliers; </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>
<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">changes in the costs and availability of products; </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>
<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">inability to successfully acquire and integrate other businesses; </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>
<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">our exposure to claims arising from our acquired operations; </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>
<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">our reliance on key personnel; </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>
<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">our ability to attract, train and retain qualified employees while controlling labor costs; </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>
<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">our exposure to product liability, workmanship warranty, casualty, construction defect and other claims and legal proceedings; </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>
<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">changes in, or failure to comply with, federal, state, local and other regulations; </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>
<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">we are a holding company and conduct all of our operations through our subsidiaries; </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>
<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">disruptions in our information technology systems; 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>
<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">our ability to implement and maintain effective internal control over financial reporting and remediate any outstanding material weakness and significant deficiencies. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>OUR PRINCIPAL INVESTORS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our management team is led by
Jeff Edwards, who has been our Chief Executive Officer since 2004 and Chairman of our Board of Directors since 1999. Jeff Edwards and members of his family have started, acquired and invested in companies for more than 40 years across a variety of
industries, including multi-family and student housing development and management, industrial tool distribution, wholesale building supply, homebuilding, land and real estate development, and real estate brokerage. Collectively, these companies are
referred to as the Edwards Companies. Jeff Edwards, Peter Edwards Jr., Anne Edwards and Michael Edwards, and the investment entities through which they directly and indirectly beneficially own shares of our common stock, are referred to herein as
the Edwards Investors. Jeff Edwards has voting and dispositive control over all of the shares of our common stock owned by the Edwards Investors. Peter Edwards Jr., Anne Edwards and Michael Edwards are not currently and have not been directors,
officers or employees of our company. Jeff Edwards will beneficially own approximately 41% of our common stock after this offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Littlejohn Management
Holdings, LLC is a private equity firm that seeks investment opportunities in <FONT STYLE="white-space:nowrap">middle-market</FONT> companies undergoing a fundamental change in capital structure, strategy, operations or growth. Since the firm was
founded in 1996, Littlejohn has made equity investments of approximately $2.0 billion in over 30 platform portfolio companies and many add-on acquisitions. As of September&nbsp;30, 2013, the firm has approximately 25 investment professionals, ten of
whom are partners with extensive investment and operating experience. Littlejohn Management Holdings, LLC and its affiliates, including Littlejohn Fund IV, L.P., are collectively referred to herein as Littlejohn. Littlejohn will beneficially own
approximately 17% of our common stock after this offering. </P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>COMPANY INFORMATION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Installed Building Products, Inc. (formerly, CCIB Holdco, Inc.) is a Delaware corporation formed on October&nbsp;28, 2011 in connection with our
Recapitalization. Installed Building Products, Inc. is a holding company that derives all of its operating income from its subsidiaries. Our organization and ownership structure following this offering is presented below: </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="g614029g89j61.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our principal executive offices are located at 495 South High Street, Suite 50, Columbus, Ohio 43215. Our main telephone
number is (614)&nbsp;221-3399. Our corporate internet website address is www.installedbuildingproducts.com. The information contained in, or that can be accessed through, our websites is not incorporated by reference and is not a part of this
prospectus. </P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>IMPLICATIONS OF BEING AN EMERGING GROWTH COMPANY </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We qualify as an &#147;emerging growth company&#148; as defined in the Jumpstart our Business Startups Act of 2012, or the JOBS Act. An emerging growth company
may take advantage of specified reduced reporting and other requirements that are otherwise applicable generally to public companies. These provisions include: </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>
<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">a requirement to have only two years of audited financial statements and only two years of related selected financial data and management&#146;s discussion and analysis of financial condition and results of operations
disclosure; </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>
<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">an exemption from the auditor attestation requirement in the assessment of internal control over financial reporting pursuant to the Sarbanes-Oxley Act of 2002, or the Sarbanes-Oxley Act; </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>
<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">reduced disclosure about executive compensation arrangements; 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>
<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">no requirement to seek non-binding advisory votes on executive compensation or golden parachute arrangements. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may take advantage of the provisions listed above until we are no longer an emerging growth company. We will remain an emerging growth company until the
earlier of (1)&nbsp;the last day of the fiscal year (a)&nbsp;following the fifth anniversary of the completion of this offering, (b)&nbsp;in which we have total annual gross revenue of at least $1.0 billion or (c)&nbsp;in which we are deemed to be a
large accelerated filer, which means the market value of our common stock that is held by non-affiliates exceeds $700 million as of the prior June&nbsp;30th, and (2)&nbsp;the date on which we have issued more than $1.0 billion in non-convertible
debt during the prior three-year period. We may choose to take advantage of some but not all of these reduced disclosure requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The JOBS Act also
permits emerging growth companies to take advantage of an extended transition period to comply with new or revised accounting standards applicable to public companies. We are choosing to &#147;opt out&#148; of this provision and, as a result, we
will comply with new or revised accounting standards as required when they are adopted. This decision to opt out of the extended transition period is irrevocable. </P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>The Offering </B></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 VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Common stock offered by us </P></TD>
<TD>6,750,000 shares (or 8,100,000 shares if the underwriters exercise their option to purchase additional shares in full). </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 VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Common stock offered by the selling stockholder </P></TD>
<TD>2,250,000 shares. </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 VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Common stock to&nbsp;be outstanding after this offering </P></TD>
<TD>28,783,901 shares (or 30,133,901 shares if the underwriters exercise their option to purchase additional shares in full). </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 VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Option to purchase additional shares </P></TD>
<TD>We have granted the underwriters a 30-day option to purchase up to&nbsp;1,350,000 additional shares of our common stock. </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 VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Use of proceeds </P></TD>
<TD>We expect to receive net proceeds from this offering of approximately $87.0 million, or approximately $105.9 million if the underwriters exercise their option to purchase additional shares of our common stock in full, assuming an initial public
offering price of $15.00 per share, which is the midpoint of the price range set forth on the cover page of this prospectus, after deducting the underwriting discount and estimated offering expenses payable by us. </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>
<TD WIDTH="38%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We intend to use the net proceeds from this offering (including any additional proceeds that we may receive if the underwriters exercise their option to purchase additional shares of our common stock) to repurchase all
of our outstanding preferred stock from Littlejohn for total consideration of $75.7 million, to repay a portion of our outstanding indebtedness and the balance for general corporate purposes. See &#147;Use of Proceeds.&#148; </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>
<TD WIDTH="38%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We will not receive any proceeds from the sale of shares of our common stock in this offering by the selling stockholder. </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 VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Dividend policy </P></TD>
<TD>We currently intend to retain any future earnings to finance the development and expansion of our business and, therefore, do not intend to pay dividends on our common stock for the foreseeable future. Our ability to pay dividends on our common
stock will be limited by our revolving credit facility. Any future determination to pay dividends will be at the discretion of our board of directors and will depend on our financial condition, results of operations, capital requirements,
contractual restrictions, legal requirements and such other factors as our board of directors deems relevant. See &#147;Dividend Policy.&#148; </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 VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Proposed New York Stock Exchange symbol </P></TD>
<TD>We have applied to list our common stock on the New York Stock Exchange, or NYSE, under the symbol &#147;IBP.&#148; </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 VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Risk factors </P></TD>
<TD>Investing in our common stock involves a high degree of risk. See &#147;Risk Factors&#148; beginning on page&nbsp;15 of this prospectus for a discussion of factors you should carefully consider before deciding to invest in our common stock.
</TD></TR></TABLE>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The number of shares of our common stock outstanding after this offering is based on 22,033,901 shares of
our common stock outstanding as of January 1, 2014 and excludes 3,000,000 shares of common stock that will be reserved for issuance under our 2014 Omnibus Incentive Plan. Unless otherwise indicated, all information in this prospectus assumes: </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>
<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">a 19.5-for-one stock split of our common stock that occurred on February&nbsp;10, 2014, or the stock split; </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>
<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">the filing and effectiveness of our amended and restated certificate of incorporation and the adoption of our amended and restated bylaws, which will occur immediately prior to the effectiveness of the registration
statement of which this prospectus forms a part; </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>
<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">the repurchase by us of all of our outstanding preferred stock from Littlejohn for total consideration of $75.7 million; 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>
<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">no exercise by the underwriters of their option to purchase additional shares of our common stock. </TD></TR></TABLE>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Summary Consolidated Financial Data </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The summary consolidated financial data for each of the two years ended December&nbsp;31, 2011 and 2012 has been derived from our audited consolidated
financial statements that are included elsewhere in this prospectus. The summary consolidated statements of operations data for the nine months ended September&nbsp;30, 2012 and 2013 and the summary consolidated balance sheet data as of
September&nbsp;30, 2013 have been derived from our unaudited consolidated financial statements that are included elsewhere in this prospectus. Our historical results for any prior period are not necessarily indicative of results expected in any
future period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following data should be read in conjunction with the information under &#147;Capitalization&#148; and &#147;Management&#146;s
Discussion and Analysis of Financial Condition and Results of Operations&#148; and our consolidated financial statements and the related notes thereto included elsewhere in this prospectus. </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:8pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></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>
<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="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 <BR>December&nbsp;31,</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>Nine months ended <BR>September&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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>2011</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>2012</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>2012</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>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>(in thousands, except share and per share data)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>Statement of operations information:</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;</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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">238,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">301,253</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">209,855</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">312,599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Cost of sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181,221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">227,210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">157,616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">234,121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Gross profit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,226</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,043</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,239</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78,478</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Operating expenses</P></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Selling</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,446</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,807</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,443</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,454</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Administrative (1)(2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,274</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,183</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Management fees, related parties (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,760</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Gain on litigation settlement</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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,975</TD>
<TD NOWRAP VALIGN="bottom">)&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,785</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,082</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,301</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Impairment of intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Other</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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(960</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(960</TD>
<TD NOWRAP VALIGN="bottom">)&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;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Operating (loss) income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17,130</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,896</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,818</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,540</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Other expense (income)</P></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Interest expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,673</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,979</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Interest expense, related parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,321</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Gain on extinguishment of debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18,542</TD>
<TD NOWRAP VALIGN="bottom">)&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(136</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(135</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(24</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">(Loss) income before income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,741</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,739</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,159</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,907</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Income tax provision</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,449</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">555</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">510</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,646</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Net (loss) income from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,190</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,294</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,669</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,261</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Loss (income) from discontinued operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,455</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,835</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">530</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">960</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Income tax (benefit) provision</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(660</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(200</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(362</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Loss (income) from discontinued operations, net of tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,795</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,388</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">330</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">598</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Net (loss) income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(8,985</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,906</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(6,999</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Accretion charges on Series A Redeemable Preferred Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(811</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,529</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,085</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,597</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Accretion charges on Pre-Recapitalization Preferred Units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,621</TD>
<TD NOWRAP VALIGN="bottom">)&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Gain on extinguishment of Pre-Recapitalization Preferred Units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,040</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Net income (loss) attributable to common stockholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">73,623</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,435</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(11,084</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(934</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Net income (loss) per share attributable to common stockholders (basic and diluted):</P></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3.87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.49</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.54</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.01</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Discontinued operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.09</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.02</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.03</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Net income (loss) per share:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3.78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.37</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.56</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.04</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">As adjusted net income (loss) per share attributable to common stockholders (basic and diluted) (3)(4):</P></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Continuing operations </P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 2.91</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">( 0.16)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.25)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 0.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Discontinued operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.07)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.09</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.01)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.02)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Net income (loss) per share:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 2.84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.07)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.26)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 0.13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Weighted average number of shares outstanding:</P></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Basic and diluted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,499,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,351,552</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,786,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,033,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">As adjusted basic and diluted (4)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,249,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,101,552</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,536,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,783,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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>As of<BR>December 31,</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>As of</B><br><B>September&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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>2011</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>2012</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>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>(in thousands)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>Balance sheet data:</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;</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-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,528</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total current assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,554</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,768</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93,733</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Property and equipment, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,931</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">127,526</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">160,752</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">189,687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total funded debt (5)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,255</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,075</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,790</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Mezzanine equity (6)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,587</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66,861</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104,566</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total stockholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,560</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,482</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41,524</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total mezzanine equity and stockholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,379</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63,042</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</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:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></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="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 <BR>December&nbsp;31,</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>Nine months<BR>ended <BR>September&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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>2011</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>2012</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>2012</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>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="6" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>(in thousands, except percentages and net revenue per completion)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>Statement of cash flows:</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;</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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net cash (used in) provided by:</P></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:1.00em; font-size:8.5pt; font-family:Times New Roman">Operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(12,755</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,594</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(2,173</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,617</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:1.00em; font-size:8.5pt; font-family:Times New Roman">Investing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,743</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(106</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,551</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:1.00em; font-size:8.5pt; font-family:Times New Roman">Financing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,945</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(481</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,395</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">306</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>Other financial data:</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;</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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Adjusted EBITDA (7)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(6,563</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,205</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 5,173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Adjusted EBITDA margin (7)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2.8</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net revenue divided by total U.S. housing completions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 408</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 464</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 454</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">572 </TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">In 2010, IBP Management Holdings, LLC, one of our stockholders, and in 2011, IBP Investment Holdings, LLC, one of our principal stockholders, issued awards of their equity interests to certain of our employees. Certain
of these employees were granted rights to put such equity awards during a limited period to Jeff Edwards, our Chairman, Chief Executive Officer and President. Accounting guidance requires that the compensation associated with these equity awards be
pushed down to us and recorded as non-cash compensation expense. The non-cash compensation expense associated with the equity awards approximated $0.8 million for the year ended December&nbsp;31, 2011, $4.7 million for the year ended
December&nbsp;31, 2012, $4.6 million for the nine months ended September 30, 2012 and $0 for the nine months ended September&nbsp;30, 2013 and is included in administrative expenses. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">For the year ended December&nbsp;31, 2011, management fees represented amounts charged to us by IBP Holding Company, a related party, under agreements originally entered into in March 2004 and October 2007, which were
terminated as a result of our Recapitalization. The associated expenses were transferred to us and the IBP Holding Company personnel became our employees in January 2012. For the year ended December&nbsp;31, 2012, management fees were paid to
Littlejohn Managers, LLC ($1.1 million), Jeff Edwards ($2.7 million) and TCI Holdings, LLC ($0.5 million) pursuant to an agreement dated December 18, 2012, which was terminated on November&nbsp;22, 2013. No similar fees were charged during 2013, and
we do not expect to incur management fees going forward. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Prior to November 1, 2013, Jeff Edwards served as a consultant and non-employee officer to us. As such, he did not receive salary or bonus for 2012. The costs of Jeff Edwards&#146; services were paid through the
management agreements discussed above. See the sections of this prospectus captioned &#147;Compensation of our Executive Officers and Directors&#148; and &#147;Certain Relationships and Related-Party Transactions&#151;Management Agreements.&#148;
Jeff Edwards did not receive any compensation during the nine months ended September 30, 2013. In anticipation of this offering and with a view towards operating as a public company, we entered into an employment agreement with Jeff Edwards on
November 1, 2013 that will pay Mr. Edwards a minimum annual base salary of $600,000 and provide him an opportunity to participate in the Company&#146;s annual incentive and benefit programs. Compensation paid by us to Mr. Edwards on or after
November 1, 2013 will be recorded as an administrative expense in our consolidated statement of operations. As a result of the foregoing, our performance for the period ended September 30, 2013 will not be comparable in this respect to our
operations in prior or subsequent periods and may not be indicative of future results. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Our net income (loss) attributable to common stockholders has been adjusted to reflect the elimination of the accretion charges on the Series A Preferred Stock upon the consummation of this offering. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Assumes the issuance of 6,750,000 additional shares as a result of this offering. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">Total funded debt consists of current and long-term portions of long-term debt and capital lease obligations. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">Consists of Series A Preferred Stock and Redeemable Common Stock. </TD></TR></TABLE>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top">Adjusted EBITDA measures performance by adjusting net income (loss) to exclude interest expense, income tax expense (benefit), depreciation and amortization, or EBITDA, and adjusts for certain income and expense items
that are not considered part of our core operations. The Adjusted EBITDA margin takes Adjusted EBITDA and divides it by net revenue. See &#147;Non-GAAP Measures&#148; in the section of this prospectus captioned &#147;Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operations.&#148; </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; font-size:8.5pt; font-family:Times New Roman">The following table presents a reconciliation of Adjusted
EBITDA to Net (loss) income, the most comparable GAAP measure, for each of the periods indicated. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></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="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>Year ended <BR>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>Nine months ended<BR>September&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP><B>(in thousands)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2011</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>2012</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>2012</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>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net (loss) income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(8,985</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,906</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(6,999</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 3,663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Interest expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,994</TD>
<TD NOWRAP VALIGN="bottom">(a)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,979</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Provision for income taxes (b)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,449</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">555</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">510</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,646</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,087</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,894</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,539</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,306</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">EBITDA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,545</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,522</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">526</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Gain on extinguishment of debt (c)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18,542</TD>
<TD NOWRAP VALIGN="bottom">)&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;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Recapitalization transaction fees (d)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,654</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Legal settlement (e)</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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,975</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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Non-cash stock compensation (f)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">780</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,658</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,647</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Adjusted EBITDA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(6,563</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,205</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:3%;border-bottom:1px solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">Consists of interest expense of $3,673 on debt and related-party interest of $3,321. The related-party interest was forgiven in connection with our Recapitalization. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">Excludes income taxes related to discontinued operations. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">Represents the gain recorded in the 2011 Consolidated Statement of Operations related to the extinguishment of certain first lien senior secured indebtedness in connection with our Recapitalization. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top">Represents expenses related to the Recapitalization. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top">Represents the settlement in 2012 of a class action lawsuit in which we were one of the plaintiffs. The lawsuit related to excess material prices being charged by certain manufacturers. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top">In 2010, IBP Management Holdings, LLC and, in 2011, IBP Investment Holdings, LLC issued awards of their equity interests to certain of our employees. Certain of these employees were granted rights to put such equity
awards during a limited period to Jeff Edwards, our Chairman, Chief Executive Officer and President. Accounting guidance requires that the compensation associated with these equity awards be pushed down to us and recorded as non-cash compensation
expense. </TD></TR></TABLE>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div></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">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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_2"></A>Risk Factors </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investing in our common stock involves a high degree of risk. You should consider carefully the risks and uncertainties described below, together with all of
the other information in this prospectus, including our consolidated financial statements and related notes included elsewhere in this prospectus, before making an investment decision. If any of the following risks are realized, our business,
financial condition, results of operations and prospects could be materially and adversely affected. In that event, the trading price of our common stock could decline and you could lose part or all of your investment. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>RISKS ASSOCIATED WITH OUR BUSINESS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our business is
dependent on the residential construction industry, the economy, the credit markets and other important factors, many of which are beyond our control. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are highly dependent on the level of new home construction, which in turn is dependent upon a number of factors, including interest rates, consumer
confidence, employment rates, foreclosure rates, housing inventory levels, housing demand and the health of the economy and mortgage markets. Unfavorable changes in demographics, credit markets, political conditions, consumer confidence, household
formation, housing affordability or housing inventory levels, or a weakening of the national economy or of any regional or local economy in which we operate, could adversely affect consumer spending, result in decreased demand for homes and
adversely affect our business. Additional headwinds may come from the efforts and proposals of lawmakers to reduce the debt of the federal government and/or solve state budget shortfalls through tax increases and/or spending cuts, and financial
markets&#146; and businesses&#146; reactions to those efforts and proposals, which could impair economic growth. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The housing market recovery faces
significant challenges. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">While some of the challenges facing the housing market moderated in 2012, several remain, and these challenges could return
and/or intensify to limit the extent of any recovery of or future improvement in housing market conditions. These challenges include (i)&nbsp;weak general economic and employment growth that, among other things, limits consumer incomes, consumer
confidence and demand for homes; (ii)&nbsp;elevated levels of mortgage loan delinquencies, defaults and foreclosures that could add to an inventory of lender-owned homes that may be sold in competition with new and resale homes at low distressed
prices or that generate short sales activity at such price levels; (iii)&nbsp;a significant number of homeowners whose outstanding principal balance on their mortgage loan exceeds the market value of their home, which undermines their ability to
purchase another home that they otherwise might desire and be able to afford; (iv)&nbsp;volatility and uncertainty in U.S. financial, credit and consumer lending markets amid slow growth or recessionary conditions; and (v)&nbsp;tight lending
standards and practices for mortgage loans that limit consumers&#146; ability to qualify for mortgage financing to purchase a home, including increased minimum credit score requirements, credit risk/mortgage loan insurance premiums and/or other fees
and required down payment amounts, more conservative appraisals, higher loan-to-value ratios and extensive buyer income and asset documentation requirements. Given these factors, the present housing recovery may not continue or gain further
momentum, which could adversely affect our business, financial condition and results of operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The present housing recovery is relative to the
historically low levels of home sales and residential new construction activity experienced during the recent housing downturn. Even with the upturn in 2012, new home construction remains well below, and may not return to, the peak levels reached
shortly before the housing downturn began in 2006. In addition, we operate in certain markets where new home construction lags the housing recovery. If the present new home construction recovery stalls or does not continue at the same pace, or any
or all of the negative factors described above persist or worsen, there would likely be a corresponding adverse effect on the new home construction market, which would have a material adverse effect on our business and our consolidated financial
statements, including, but not limited to, the amount of revenues we generate and our ability to operate profitably. </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; font-size:10pt; font-family:Times New Roman"><B>A decline in the economy and a deterioration in expectations regarding the housing recovery could result in
our taking additional significant non-cash impairment charges, which may reduce our financial resources and flexibility and could negatively affect our earnings and reduce stockholders&#146; equity. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During 2010, we recorded a $64.3 million goodwill impairment charge. We did not record any goodwill impairment charges in 2011 or 2012 or the nine months ended
September&nbsp;30, 2013; however, a decline in the expectation of our future performance or deterioration in expectations regarding the timing and the extent of the recovery of new home construction and home improvement may cause us to recognize
additional non-cash, pre-tax impairment charges for goodwill and other indefinite-lived intangible assets or other long-lived assets, which are not determinable at this time. In addition, as a result of our acquisition strategy, we will likely
record additional goodwill and may incur impairment charges in connection with prior and future acquisitions. If the value of goodwill or other intangible assets is impaired, our earnings and stockholders&#146; equity would be adversely affected. In
addition, if future acquisitions are not successful, we may record additional unexpected impairment charges. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Further, our revolving credit facility
contains financial covenants that we must comply with, including covenants regarding limits on our debt to total capitalization ratio. We expect any future credit facility that we may enter into would contain similar covenants. If we record
additional non-cash impairment charges, our stockholders&#146; equity would be reduced, and our borrowing capacity under our new credit facility may be limited or we may need to seek waivers or amendments and there can be no assurance that these
will be attainable on commercially reasonable terms or at all. Alternative financing may not be available on acceptable terms and at acceptable rates, if at all. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our business is cyclical and significantly affected by changes in general and local economic conditions. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Demand for our services is cyclical and highly sensitive to general and local economic conditions over which we have no control, including changes in: </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>
<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">the number of new home and commercial building construction starts; </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>
<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">short- and long-term interest rates; </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>
<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">inflation; </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>
<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">employment levels and job and personal income growth; </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>
<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">housing demand from population growth, household formation and other demographic changes; </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>
<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">availability and pricing of mortgage financing for homebuyers and commercial financing for developers of multi-family homes and subcontractors; </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>
<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">consumer confidence generally and the confidence of potential homebuyers in particular; </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>
<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">U.S. and global financial system and credit market stability; </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>
<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">private party and government mortgage loan programs and federal and state regulation, oversight and legal action regarding lending, appraisal, foreclosure and short sale practices; </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>
<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">federal and state personal income tax rates and provisions, including provisions for the deduction of mortgage loan interest payments, real estate taxes and other expenses; 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>
<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">federal, state and local energy efficiency programs, regulations, codes and standards. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Adverse changes in
these conditions may affect our business generally or may be more prevalent or concentrated in particular markets in which we operate. Any deterioration in economic conditions or continuation of uncertain economic conditions could have a material
adverse effect on our business, financial condition, results of operations and prospects. </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"><B>Our business may be affected by severe weather conditions and is seasonal. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Severe weather conditions, such as unusually prolonged cold conditions, rain, blizzards or hurricanes, could accelerate, delay or halt construction or
installation activity. The impact of these types of events on our business may adversely impact our net revenue, cash flows from operations and results of operations. If net revenue were to fall substantially below what we would normally expect
during certain periods, our financial results would be adversely impacted. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We tend to have higher sales during the second half of the year as our
homebuilder customers complete construction of homes placed under contract for sale in the traditionally stronger spring selling season. In addition, some of our larger branches operate in states more impacted by winter weather and as such
experience a slowdown in construction activity during the first quarter of the calendar year. This winter slowdown contributes to traditionally lower sales in our first quarter. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our industry is highly fragmented and competitive, and increased competitive pressure may adversely affect our business, financial condition, results of
operations and cash flows. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The building products installation industry is highly fragmented and competitive. We face significant competition from
other national, regional and local companies. Any of these competitors may (i)&nbsp;foresee the course of market development more accurately than we do, (ii)&nbsp;offer services that are deemed superior to ours, (iii)&nbsp;install building products
at a lower cost, (iv)&nbsp;develop stronger relationships with homebuilders and suppliers, (v)&nbsp;adapt more quickly to new technologies, new installation techniques or evolving customer requirements or (vi)&nbsp;have access to financing on more
favorable terms than we can obtain in the market. As a result, we may not be able to compete successfully with them. If we are unable to compete effectively, our business, financial condition, results of operations and cash flows may be adversely
affected. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Product shortages or the loss of key suppliers could affect our business, financial condition, results of operations and cash flows.
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our ability to offer a wide variety of products to our customers is dependent upon our ability to obtain adequate product supply from manufacturers.
We do not typically enter into long-term agreements with our suppliers. Generally, our products are available from various sources and in sufficient quantities. However, the loss of, or a substantial decrease in the availability of, products from
our suppliers or the loss of key supplier arrangements could adversely impact our business, financial condition, results of operations and cash flows. In prior downturns in the housing industry, manufacturers have reduced capacity by closing plants
and production lines within plants. Even if such capacity reductions are not permanent, there may be a delay in manufacturers&#146; ability to increase capacity in times of rising demand. If the demand for products from manufacturers and other
suppliers exceeds the available supply, we may be unable to source additional products in sufficient quantity or quality in a timely manner and the prices for the products that we install could rise. These developments could affect our ability to
take advantage of market opportunities and limit our growth prospects. Our largest supplier, Owens Corning, accounted for approximately 22%, and our three largest suppliers in aggregate accounted for approximately 42%, of our material purchases in
2012. For the nine months ended September&nbsp;30, 2013, Owens Corning accounted for approximately 24% of our material purchases and our three largest suppliers in the aggregate accounted for approximately 45%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Failure by our suppliers to continue to provide us with products on commercially favorable terms, or at all, could put pressure on our operating margins or
have a material adverse effect on our financial condition, operating results and cash flows. Our inability to source materials in a timely manner could also damage our relationships with our customers. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Changes in the costs of the products we install can decrease our profit margins. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The principal building products that we install have been subject to price changes in the past, some of which have been significant. Our results of operations
for individual quarters can be and have been hurt by a delay between </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">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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the time building product cost increases are implemented and the time we are able to increase prices for our products, if at all. Our supplier purchase prices often depend on volume requirements.
If we do not meet these volume requirements, our costs could increase and our margins may be adversely affected. In addition, while we have been able to achieve cost savings through volume purchasing and our relationships with suppliers, we may not
be able to continue to receive advantageous pricing for the products that we install, which could have a material adverse effect on our financial condition, results of operations and cash flows. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may be unable to successfully acquire and integrate other businesses. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may be unable to continue to grow our business through acquisitions. We may not be able to continue to identify suitable acquisition candidates and may face
increased competition for these acquisition candidates. In addition, acquired businesses may not perform in accordance with expectations, and our business judgments concerning the value, strengths and weaknesses of acquired businesses may not prove
to be correct. We may also be unable to achieve expected improvements or achievements in businesses that we acquire. At any given time, we may be evaluating or in discussions with one or more acquisition candidates, including entering into
non-binding letters of intent. Future acquisitions may result in the incurrence of debt and contingent liabilities, legal liabilities, goodwill impairments, increased interest expense and amortization expense and significant integration costs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Acquisitions involve a number of special risks, including: </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>
<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">our inability to manage acquired businesses or control integration costs and other costs relating to acquisitions; </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>
<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">potential adverse short-term effects on operating results from increased costs or otherwise; </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>
<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">diversion of management&#146;s attention; </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>
<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">failure to retain existing key personnel of the acquired business and recruit qualified new employees at the location; </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>
<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">failure to successfully implement infrastructure, logistics and systems integration; </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>
<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">potential impairment of goodwill; </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>
<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">risks associated with the internal controls of acquired companies; </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>
<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">exposure to legal claims for activities of the acquired business prior to acquisition and inability to realize on any indemnification claims, including with respect to environmental and immigration claims;
</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>
<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">the risks inherent in the systems of the acquired business and risks associated with unanticipated events or liabilities; 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>
<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">our inability to obtain financing necessary to complete acquisitions on attractive terms or at all. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our
strategy could be impeded if we do not identify, or face increased competition for, suitable acquisition candidates and our business, financial condition and results of operations could be adversely affected if any of the foregoing factors were to
occur. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may be subject to claims arising from the operations of our various businesses for periods prior to the dates we acquired them. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have consummated over 90 acquisitions. We may be subject to claims or liabilities arising from the ownership or operation of acquired businesses for the
periods prior to our acquisition of them, including environmental, employee-related and other liabilities and claims not covered by insurance. These claims or liabilities could be significant. Our ability to seek indemnification from the former
owners of our acquired businesses for these claims or liabilities may be limited by various factors, including the specific time, monetary or other limitations contained in the respective acquisition agreements and the financial ability of the
former </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">
owners to satisfy our indemnification claims. In addition, insurance companies may be unwilling to cover claims that have arisen from acquired businesses or locations, or claims may exceed the
coverage limits that our acquired businesses had in effect prior to the date of acquisition. If we are unable to successfully obtain insurance coverage of third-party claims or enforce our indemnification rights against the former owners, or if the
former owners are unable to satisfy their obligations for any reason, including because of their current financial position, we could be held liable for the costs or obligations associated with such claims or liabilities, which could adversely
affect our financial condition and results of operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our success depends on our key personnel. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our business results depend largely upon the continued contributions of our chief executive officer and other members of our management team. We do not have
employment agreements with any of our executive officers, other than Jeff Edwards, the Chairman of our Board and our Chief Executive Officer and President.&nbsp;Although our employment agreement with Mr. Edwards provides for a three-year term, he is
permitted under the agreement to resign his employment at any time with only 30 days&#146; prior written notice to us.&nbsp;Also, while his employment agreement requires Mr. Edwards to devote the amount of time necessary to conduct our business and
affairs, he is also permitted to engage in other business activities that do not create a conflict of interest or substantially interfere with his service to us, including non-competitive operational activities for his real estate development
business. See &#147;Compensation of Our Executive Officers and Directors&#151;Compensation of Our Executive Officers&#151; Employment Agreement with Jeff Edwards.&#148;&nbsp;Although we maintain key person life insurance on Mr. Edwards, if he no
longer serves in (or serves in some lesser capacity than) his current role, or if we lose other members of our management team, our business, financial condition and results of operations, as well as the market price of our securities, could be
adversely affected.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our business results also depend upon our branch managers and sales personnel, including those of companies recently acquired. While
we customarily sign non-competition agreements, typically lasting two years, with our branch managers and sales personnel in order to maintain key customer relationships in our markets, such agreements do not protect us fully against competition.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We are dependent on attracting, training and retaining qualified employees while controlling labor costs. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We must attract, train and retain a large number of qualified employees while controlling related labor costs. We compete with other businesses for these
employees. Tighter labor markets, due to a recovering housing market or otherwise, may make it more difficult for us to hire and retain installers and control labor costs. Our ability to control labor costs is subject to numerous external factors,
including competitive wage rates and health and other insurance costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With the passage in 2010 of the U.S. Patient Protection and Affordable Care Act,
or the Affordable Care Act, we are required to provide affordable coverage, as defined in the Affordable Care Act, to all employees, or otherwise be subject to a payment per employee based on the affordability criteria therein. Many of these
requirements will be phased in over a period of time. Additionally, some states and localities have passed state and local laws mandating the provision of certain levels of health benefits by some employers. Although the impact of these new
legislative directives on our business is not yet certain, increased health care and insurance costs could have an adverse effect on our business, financial condition and results of operations. In addition, changes in the federal or state minimum
wage or living wage requirements or changes in other workplace regulations could adversely affect our ability to meet our financial targets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition,
various states in which we operate are considering or have already adopted new immigration laws or enforcement programs, and the U.S. Congress and Department of Homeland Security from time to time consider and may implement changes to federal
immigration laws, regulations or enforcement programs. Although we verify the employment eligibility status of all our employees, including through participation in the &#147;E-Verify&#148; program where required, some of our employees may, without
our knowledge, be unauthorized workers. Unauthorized workers are subject to deportation and may subject us to fines, penalties and adverse publicity. </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">
Termination of a significant number of employees who are unauthorized workers may disrupt our operations and cause temporary increases in our labor costs as we train new employees. We could also
become subject to fines, penalties and other costs related to claims that we did not fully comply with all recordkeeping obligations of federal and state immigration laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If we are unable to hire and retain qualified installation personnel at economically reasonable compensation and benefits levels, our business, prospects,
financial condition and results of operations could be adversely affected. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may be subject to periodic litigation and regulatory proceedings,
including Fair Labor Standards Act and state wage and hour class action lawsuits, which may adversely affect our business and financial performance. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">From time to time, we may be involved in lawsuits and regulatory actions, including class action lawsuits, that are brought or threatened against us for
alleged violations of the Fair Labor Standards Act, or the FLSA, and state wage and hour laws. We are currently a defendant in two such lawsuits in Washington and Tennessee. Due to the inherent uncertainties of litigation, we cannot accurately
predict the ultimate outcome of these or any similar proceedings that may arise in the future. The ultimate resolution of these matters through settlement, mediation or court judgment could have a material adverse impact on our financial condition,
results of operations and cash flows. In addition, regardless of the outcome, these proceedings could result in substantial costs and may require us to devote substantial resources, including the time of our management team, to defend ourselves. See
&#147;Business&#151;Legal Proceedings,&#148; &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#151;Key Factors Affecting our Operating Results&#151;Labor Costs&#148; and Note 11 to our audited
consolidated financial statements for the year ended December&nbsp;31, 2012 included elsewhere in this prospectus. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The nature of our business exposes
us to product liability, workmanship warranty, casualty, construction defect, breach of contract and other claims and legal proceedings. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are
subject to product liability, workmanship warranty, casualty, construction defect, breach of contract and other claims relating to the products we install that, if adversely determined, could adversely affect our financial condition, results of
operations and cash flows. We rely on manufacturers and other suppliers to provide us with most of the products we install. Because we do not have direct control over the quality of such products manufactured or supplied by such third-party
suppliers, we are exposed to risks relating to the quality of such products. In addition, we are exposed to potential claims arising from the conduct of our employees, and homebuilders and other subcontractors, for which we may be contractually
liable. Certain types of insulation, particularly spray foam applications, require our employees to handle potentially hazardous or toxic substances. While our employees who handle these and other potentially hazardous or toxic materials, including
lead-based paint, receive specialized training and wear protective clothing, there is still a risk that they, or others, may be exposed to these substances. Exposure to these substances could result in significant injury to our employees and others,
including site occupants, and damage to our property or the property of others, including natural resource damage. Our personnel and others at our work sites are also at risk for other workplace-related injuries, including slips and falls. We have
in the past been, and may in the future be, subject to fines, penalties and other liabilities in connection with any such injury or damage. Although we currently maintain what we believe to be suitable and adequate insurance in excess of our
self-insured amounts, we may be unable to maintain such insurance on acceptable terms or such insurance may not provide adequate protection against potential liabilities. Product liability, workmanship warranty, casualty, negligence, construction
defect, breach of contract and other claims can be expensive to defend and can divert the attention of management and other personnel for significant periods of time, regardless of the ultimate outcome. In addition, lawsuits relating to construction
defects typically have statutes of limitations that can run as long as ten years. Claims of this nature could also have a negative impact on customer confidence in us and our services. In addition, we are subject to various claims and lawsuits
incidental to the conduct of our business in the ordinary course. Current or future claims could have a material adverse effect on our reputation, business, financial condition and results of operations. We may also be unable to obtain performance
and licensing bonds on commercially reasonable terms or at all in the future. Surety companies issue bonds on a project-by-project basis and can decline to issue bonds at any time. Our inability to </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">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; font-size:10pt; font-family:Times New Roman">
obtain such bonds would materially and adversely affect our business, financial condition, results of operations and cash flows. For additional information, see Note 11 to our audited
consolidated financial statements for the year ended December&nbsp;31, 2012 included elsewhere in this prospectus. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Federal, state, local and other
laws and regulations could impose substantial costs and/or restrictions on our operations that would reduce our net income. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are subject to various
federal, state, local and other laws and regulations, including, among other things, worker and workplace health and safety regulations promulgated by the Department of Labor&#146;s Occupational Safety and Health Administration, or OSHA, regulations
promulgated by the Department of Transportation, or DOT, and employment regulations promulgated by the U.S. Equal Employment Opportunity Commission. More burdensome regulatory requirements in these or other areas, including workers&#146;
compensation, may increase our expenses and adversely affect our business, financial condition, results of operations and cash flows. Moreover, failure to comply with the regulatory requirements applicable to our business could expose us to
substantial fines and penalties that could adversely affect our business, financial condition, results of operations and cash flows. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our transportation
operations, upon which we depend to transport materials from our locations to job sites, are subject to the regulatory jurisdiction of the DOT. The DOT has broad administrative powers with respect to our transportation operations. More restrictive
limitations on vehicle weight and size, trailer length and configuration or driver hours of service would increase our costs, which, if we are unable to pass these cost increases on to our customers, may increase our selling and administrative
expenses and adversely affect our financial condition, operating results and cash flows. If we fail to comply adequately with DOT regulations or regulations become more stringent, we could experience increased inspections, regulatory authorities
could take remedial action including imposing fines or shutting down our operations and we could be subject to increased audit and compliance costs. We organize our transportation operations as a separate legal entity in certain states, including in
Ohio and Indiana, in order to take advantage of sales tax exemptions relating to vehicle operating costs. If legislation is enacted that modifies or eliminates these exemptions, our costs would increase. If any of these events were to occur, our
financial condition, results of operations and cash flows would be adversely affected. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, the residential construction industry is subject to
various federal, state and local statutes, ordinances, rules and regulations concerning zoning, building design and safety, construction, contractors&#146; licensing, energy conservation and similar matters, including regulations that impose
restrictive zoning and density requirements on the residential new construction industry or that limit the number of homes that can be built within the boundaries of a particular area. Regulatory restrictions and industry standards may require us to
alter our installation processes and our sourcing and otherwise increase our operating expenses and limit the availability of suitable building lots for our customers, any of which could negatively affect our business, financial condition and
results of operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We are subject to environmental regulation and potential exposure to environmental liabilities. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are subject to various federal, state, and local environmental laws and regulations. Although we believe that we operate our business, including each of our
locations, in material compliance with applicable laws and regulations and maintain all material permits required under such laws and regulations to operate our business, we may be held liable or incur fines or penalties in connection with such
requirements. As the nature of our business involves the use or handling of certain potentially hazardous or toxic substances, including spray foam applications and lead-based paint, we may be held liable for claims alleging injury or damage
resulting from the release of or exposure to such substances. In addition, as owners and lessees of real property, we may be held liable for, among other things, hazardous or toxic substances, including asbestos or petroleum products on, at, under
or emanating from currently or formerly owned or operated properties, or any off-site disposal locations, or for any known or newly discovered environmental conditions at or relating to any of our properties, including those arising from activities
conducted by previous occupants or at adjoining properties, without regard to whether we knew of or were responsible for such release. We may be required to investigate, remove, remediate </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">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">
or monitor the presence or release of such hazardous or toxic substances or petroleum products. We may also be held liable to a governmental entity for fines and penalties or to third parties for
damages, including for bodily injury, property damage and natural resource damage in connection with the presence or release of hazardous or toxic substances or petroleum products. In addition, expenditures may be required in the future as a result
of releases of, or exposure to, hazardous or toxic substances or petroleum products, the discovery of currently unknown environmental conditions or changes in environmental laws and regulations or their interpretation or enforcement and in certain
instances, such expenditures may be material. While not having a material impact on our financial condition or results of operations, in 2011, a fire at one of our branches resulted in the run-off of hazardous materials into a nearby stream. We
investigated and remediated the incident and received a no further action letter from the environmental regulatory authority with jurisdiction over the matter. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Increases in union organizing activity and work stoppages could delay or reduce availability of products that we install and increase our costs. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Less than one percent of our employees are currently covered by collective bargaining or other similar labor agreements. However, if a larger number of our
employees were to unionize, including in the wake of any future legislation that makes it easier for employees to unionize, our business could be negatively affected. Any inability by us to negotiate collective bargaining arrangements could cause
strikes or other work stoppages, and new contracts could result in increased operating costs. If any such strikes or other work stoppages occur, or if other employees become represented by a union, we could experience a disruption of our operations
and higher labor costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, certain of our suppliers have unionized work forces and certain of our products are transported by unionized
truckers. Strikes, work stoppages or slowdowns could result in slowdowns or closures of facilities where the products that we install are manufactured or could affect the ability of our suppliers to deliver such products to us. Any interruption in
the production or delivery of these products could delay or reduce availability of these products and increase our costs. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We are a holding company and
conduct all of our operations through our subsidiaries. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are a holding company and all of our operating assets are held by our direct and indirect
subsidiaries. We derive all of our operating income from our subsidiaries. We rely on the earnings and cash flows of our subsidiaries, which are paid to us by our subsidiaries in the form of dividends and other payments or distributions, to meet our
debt service and other obligations. The ability of our subsidiaries to pay dividends or make other payments or distributions to us will depend on their respective operating results and may be restricted by, among other things, the laws of their
jurisdiction of organization (which may limit the amount of funds available for the payment of dividends and other distributions to us), the terms of existing and future indebtedness and other agreements of our subsidiaries and the covenants of any
future outstanding indebtedness that our subsidiaries incur. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Increases in fuel costs could adversely affect our results of operations. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The price of oil has fluctuated over the last few years, creating volatility in our fuel costs. We do not currently hedge our fuel costs. Increases in fuel
costs can negatively impact our cost to deliver our products to our customers and thus increase our cost of sales. If we are unable to increase the selling price of our products to our customers to cover any increases in fuel costs, net income may
be adversely affected. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may be adversely affected by disruptions in our information technology systems. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our operations are dependent upon our information technology systems, including our web-enabled internal software technology, jobCORE. The jobCORE software
provides in-depth, real-time financial performance data from each branch location to the corporate office. We rely upon such information technology systems to manage customer orders on a timely basis, to coordinate our sales and installation
activities across all of our locations and </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">
to manage invoicing. A substantial disruption in our information technology systems for any prolonged time period (arising from, for example, system capacity limits from unexpected increases in
our volume of business, outages, computer viruses, unauthorized access or delays in our service) could result in delays in receiving inventory and supplies or installing our products on a timely basis for our customers, which could adversely affect
our reputation and customer relationships. Our systems might be damaged or interrupted by natural or man-made events or by computer viruses, physical or electronic break-ins, or similar disruptions affecting the Internet. Such delays, problems or
costs could have a material adverse effect on our financial condition, results of operations and cash flows. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Because we operate our business through
highly dispersed locations across the United States, our operations may be materially adversely affected by inconsistent practices and the operating results of individual branches may vary. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We operate our business through a network of highly dispersed locations throughout the United States, supported by corporate executives and services in our
headquarters, with local branch management retaining responsibility for day-to-day operations and adherence to applicable local laws. Our operating structure can make it difficult for us to coordinate procedures across our operations in a timely
manner or at all. In addition, our branches may require significant oversight and coordination from headquarters to support their growth. Inconsistent implementation of corporate strategy and policies at the local level could materially and
adversely affect our overall profitability, business, results of operations, financial condition and prospects. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, the operating results of an
individual branch may differ from that of another branch for a variety of reasons, including market size, management practices, competitive landscape, regulatory requirements and local economic conditions. As a result, certain of our branches may
experience higher or lower levels of growth than other branches. For example, during the nine months ended September&nbsp;30, 2013, approximately 25% of the increase in our net revenue as compared to the same period in 2012 was generated by
approximately 14% of our branches with approximately 50% of our branches, including acquired branches, accounting for 53% of the increase. Therefore, our overall financial performance and results of operations may not be indicative of the
performance and results of operations of any individual branch. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Restrictions in our existing revolving credit facility, or any other indebtedness we
may incur in the future, could adversely affect our business, financial condition, results of operations, ability to make distributions to stockholders and the value of our common stock. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our existing revolving credit facility, or any future credit facility or other indebtedness we enter into, may limit our ability to, among other things: </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>
<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">incur or guarantee additional debt; </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>
<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">make distributions or dividends on or redeem or repurchase shares of common stock; </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>
<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">make certain investments and acquisitions; </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>
<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">make capital expenditures; </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>
<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">incur certain liens or permit them to exist; </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>
<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">enter into certain types of transactions with affiliates; </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>
<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">acquire, merge or consolidate with another company; 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>
<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">transfer, sell or otherwise dispose of all or substantially all of our assets. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our revolving credit facility
contains, and any future credit facility or other debt instruments we may enter into will also likely contain, covenants requiring us to maintain certain financial ratios and meet certain tests, such as a fixed charge coverage ratio, a leverage
ratio and minimum EBITDA test. See &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#151;Liquidity and Capital Resources&#151;Revolving Credit </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">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">
Facility.&#148; Our ability to comply with those financial ratios and tests can be affected by events beyond our control, and we may not be able to comply with those ratios and tests when
required to do so under the applicable debt instruments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The provisions of our revolving credit facility or other debt instruments may affect our ability
to obtain future financing and pursue attractive business opportunities and our flexibility in planning for, and reacting to, changes in business conditions. In addition, a failure to comply with the provisions of our revolving credit facility, any
future credit facility or other debt instruments could result in a default or an event of default that could enable our lenders or other debt holders to declare the outstanding principal of that debt, together with accrued and unpaid interest, to be
immediately due and payable. If the payment of our debt is accelerated, our assets may be insufficient to repay such debt in full, and our stockholders could experience a partial or total loss of their investment. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We could manage working capital in ways that may affect our cash flow from operations. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Since we aim to continuously manage our working capital, we could manage our payments to suppliers differently in the future. Changes in how we manage our
payments to suppliers could decrease our cash flow from operations and increase our working capital as a percentage of sales. In addition, we have two supply contracts with minimum purchase requirements at market rates. These obligations may cause
us to purchase materials earlier than we otherwise would and increase our working capital requirements. There is no guarantee that our working capital as a percentage of sales will continue to decrease or that it will not increase in the future.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our independent registered public accounting firms have identified a material weakness and significant deficiencies in our internal control over
financial reporting that, if not properly remediated, could result in material misstatements in our financial statements in future periods. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Although
we did not engage our independent registered public accounting firms to conduct an audit of our internal control over financial reporting, in connection with the audits of our consolidated financial statements as of and for the years ended
December&nbsp;31, 2011 and 2012, and the six months ended June&nbsp;30, 2013, our independent registered public accounting firms informed us that they identified a material weakness and significant deficiencies relating to our internal control over
financial reporting under standards established by the PCAOB. The PCAOB defines a material weakness as a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a
material misstatement of the company&#146;s annual or interim financial statements will not be prevented or detected on a timely basis. A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over financial reporting
that is less severe than a material weakness, yet important enough to merit attention by those responsible for oversight of the company&#146;s financial reporting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The material weakness identified by our independent registered public accounting firms related to adjustments made in connection with their audits to our
financial statements in the areas of income taxes, self-insurance reserves, stock-based compensation, accounts payable, discontinued operations, derivative accounting and lease accounting, and resulted primarily from insufficient personnel within
our organization possessing an appropriate level of knowledge, experience and training with regard to complex transactions and technical accounting matters, particularly as they relate to public companies. The material weakness resulted in a number
of audit adjustments to our financial statements for the periods that were the subject of these audits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have taken and will take a number of actions
to remediate this material weakness including, but not limited to, adding experienced accounting and financial personnel, retaining third-party consultants to review our internal controls and to recommend improvements, and implementing improvements
to our closing procedures and consolidation processes. We cannot assure you when we will remediate such weakness, nor can we be certain of whether additional actions will be required or the costs of any such actions. </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">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">In addition, during the audits of our consolidated financial statements as of and for the years ended December
31, 2011 and 2012, and the six months ended June 30, 2013, our independent registered public accounting firms identified significant deficiencies related to our internal controls over information technology systems, cash receipts and related
segregation of duties at the branch level involving less than ten of our branches, access to and review of journal entry postings and access to add or modify customer information. We believe we have remediated the information technology systems and
the access to journal entry postings significant deficiencies. In addition, we are in the process of addressing the remaining significant deficiencies and expect to implement additional procedures, including at the corporate level, to improve our
internal control over financial reporting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may need to take additional measures to fully mitigate these issues, and the measures we have taken, and
expect to take, to improve our internal controls may not be sufficient to address the issues identified, to ensure that our internal controls are effective or to ensure that the identified material weakness or significant deficiencies or other
material weaknesses or deficiencies will not result in a material misstatement of our annual or interim financial statements. In addition, other material weaknesses or deficiencies may be identified in the future. If we are unable to correct
material weaknesses or deficiencies in internal controls in a timely manner, our ability to record, process, summarize and report financial information accurately and within the time periods specified in the rules and forms of the Securities and
Exchange Commission, or the SEC, will be adversely affected. This failure could negatively affect the market price and trading liquidity of our common stock, cause investors to lose confidence in our reported financial information, subject us to
civil and criminal investigations and penalties, and generally materially and adversely impact our business and financial condition. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>RISKS RELATED TO
THIS OFFERING AND OUR COMMON STOCK </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Before this offering, there was no public market for our common stock, and an active trading market for our
common stock may not develop, which could impede your ability to sell shares and depress the market price of your shares. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Prior to this offering,
there has been no public market for our common stock. An active trading market on the NYSE or otherwise may not develop upon completion of this offering or, if it does develop, it may not be sustained. If an active trading market does not develop,
you may have difficulty selling any shares of our common stock that you purchase, and the value of such shares might be materially impaired. The initial public offering price of our common stock will be determined by negotiations between us and
representatives of the underwriters and may not reflect the prevailing price in the open market. See &#147;Underwriting&#148; for a discussion of the factors considered in determining the initial public offering price. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The price of our common stock may fluctuate substantially, and your investment may decline in value. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Following this offering, the market price of our common stock may be significantly affected by factors, such as: </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>
<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">market conditions affecting the residential construction and building products industries; </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>
<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">quarterly variations in our results of operations; </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>
<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">changes in government regulations; </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>
<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">the announcement of acquisitions by us or our competitors; </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>
<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">changes in general economic and political conditions; </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>
<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">volatility in the financial markets; </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>
<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">results of our operations and the operations of others in our industry; </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>
<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">changes in interest rates; </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>
<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">threatened or actual litigation and government investigations; </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>
<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">the addition or departure of key personnel; </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>
<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">actions taken by our stockholders, including the sale or disposition of their shares of our common stock; 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>
<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">differences between our actual financial and operating results and those expected by investors and analysts and changes in analysts&#146; recommendations or projections. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These and other factors may lower the market price of our common stock, regardless of our actual operating performance. As a result, our common stock may
trade at prices significantly below the public offering price. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Furthermore, in recent years the stock market has experienced significant price and volume
fluctuations. This volatility has had a significant impact on the market price of securities issued by many companies, including companies in our industry. The changes frequently appear to occur without regard to the operating performance of the
affected companies. Hence, the price of our common stock could fluctuate based upon factors that have little or nothing to do with us, and these fluctuations could materially reduce the price of our common stock and materially affect the value of
your investment. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The obligations associated with being a public company will require significant resources and management attention. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As a public company, we will face increased legal, accounting, administrative and other costs and expenses that we have not incurred as a private company,
particularly after we are no longer an emerging growth company. We expect to incur incremental costs related to operating as a public company of approximately $3.0 to $4.0 million annually, although there can be no assurance that these costs will
not be higher, particularly when we no longer qualify as an emerging growth company. After the completion of this offering, we will be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, or the Exchange Act,
which requires that we file annual, quarterly and current reports with respect to our business and financial condition and proxy and other information statements, and the rules and regulations implemented by the SEC, the Sarbanes-Oxley Act, the
Dodd-Frank Act, the Public Company Accounting Oversight Board and the NYSE each of which imposes additional reporting and other obligations on public companies. As a public company, we will be required to: </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>
<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">prepare and distribute periodic reports, proxy statements and other stockholder communications in compliance with the federal securities laws and the NYSE rules; </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>
<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">expand the roles and duties of our board of directors and committees thereof; </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>
<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">maintain an internal audit function; </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>
<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">institute more comprehensive financial reporting and disclosure compliance functions; </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>
<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">involve and retain to a greater degree outside counsel and accountants in the activities listed above; </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>
<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">enhance our investor relations function; </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>
<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">establish new internal policies, including those relating to trading in our securities and disclosure controls and procedures; </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>
<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">retain additional personnel; </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>
<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">comply with NYSE listing standards; 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>
<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">comply with the Sarbanes-Oxley Act. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect these rules and regulations and changes in laws, regulations
and standards relating to corporate governance and public disclosure, which have created uncertainty for public companies, to increase legal and financial compliance costs and make some activities more time consuming and costly. These laws,
regulations and standards are subject to varying interpretations, in many cases due to their lack of specificity, and, as a result, </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">
their application in practice may evolve over time as new guidance is provided by regulatory and governing bodies. This could result in continuing uncertainty regarding compliance matters and
higher costs necessitated by ongoing revisions to disclosure and governance practices. Our investment in compliance with existing and evolving regulatory requirements will result in increased administrative expenses and a diversion of
management&#146;s time and attention from revenue-generating activities to compliance activities, which could have a material adverse effect on our business, financial condition, results of operations and cash flows. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These increased costs will require us to divert a significant amount of money that we could otherwise use to expand our business and achieve our strategic
objectives. We also expect that it will be expensive to maintain director and officer liability insurance, and we may be required to accept reduced policy limits and coverage or incur substantially higher costs to obtain the same or similar
coverage. As a result, it may be more difficult for us to attract and retain qualified persons to serve on our board of directors or as executive officers. Furthermore, if we are unable to satisfy our obligations as a public company, we could be
subject to delisting of our common stock, fines, sanctions and other regulatory action and civil litigation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>If we are unable to implement and
maintain effective internal control over financial reporting, investors may lose confidence in the accuracy and completeness of our financial reports, which could adversely affect the market price of our common stock. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are not currently required to comply with Section&nbsp;404 of the Sarbanes-Oxley Act, and are therefore not required to make an assessment of the
effectiveness of our internal control over financial reporting for that purpose. However, as a public company, we will be required to maintain internal control over financial reporting and to report any material weaknesses in such internal controls.
In addition, we will be required to furnish a report by management on the effectiveness of our internal control over financial reporting pursuant to Section&nbsp;404 of the Sarbanes-Oxley Act, or Section&nbsp;404, at the time of our second annual
report on Form 10-K, which will be for our year ending December&nbsp;31, 2014. We are in the process of designing, implementing and testing the internal control over financial reporting required to comply with this obligation, which process is time
consuming, costly and complex. If we are unable to remediate the material weakness previously described or if, in the future, we identify material weaknesses in our internal control over financial reporting, we are unable to comply with the
requirements of Section&nbsp;404 in a timely manner or assert that our internal control over financial reporting are effective, or our independent registered public accounting firm is unable to express an opinion as to the effectiveness of our
internal control over financial reporting, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of our common stock could be negatively affected, and we could become subject to investigations
by the SEC, the NYSE or other regulatory authorities, which could require additional financial and management resources. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We are an emerging growth
company and, as a result of the reduced disclosure and governance requirements applicable to emerging growth companies, our common stock may be less attractive to investors. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are an emerging growth company, as defined in the JOBS Act, and we are eligible to take advantage of certain exemptions from various reporting requirements
applicable to other public companies. Those exemptions include, but are not limited to, a requirement to present only two years of audited financial statements, an exemption from the auditor attestation requirement of Section&nbsp;404 of the
Sarbanes-Oxley Act, reduced disclosure about executive compensation arrangements pursuant to the rules applicable to smaller reporting companies and no requirement to seek non-binding advisory votes on executive compensation or golden parachute
arrangements. We have elected to adopt these reduced disclosure requirements. We may take advantage of these provisions until we are no longer an emerging growth company. We will remain an emerging growth company until the earlier of (1)&nbsp;the
last day of the fiscal year (a)&nbsp;following the fifth anniversary of the completion of this offering, (b)&nbsp;in which we have total annual gross revenue of at least $1.0 billion or (c)&nbsp;in which we are deemed to be a large accelerated
filer, which means the market value of our common stock that is held by non-affiliates exceeds $700 million as of the prior June&nbsp;30th, and (2)&nbsp;the date on which we have issued more than $1.0 billion in non-convertible debt during the prior
three-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">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; font-size:10pt; font-family:Times New Roman">
period. We cannot predict if investors will find our common stock less attractive as a result of our taking advantage of these exemptions. If some investors find our common stock less attractive
as a result of our choices, there may be a less active trading market for our common stock and our stock price may be more volatile. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Future sales of
our common stock, or the perception in the public markets that these sales may occur, may depress our stock price. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The market price of our common
stock could decline significantly as a result of sales of a large number of shares of our common stock in the market after this offering. These sales, or the perception that these sales might occur, could depress the market price of our common stock
or make it more difficult for us to sell equity securities in the future at a time and at a price that we deem appropriate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon the completion of this
offering, we will have approximately 28.8 million shares of common stock outstanding (or approximately 30.1&nbsp;million if the underwriters exercise their option to purchase additional shares in full). The shares of common stock offered in this
offering will be freely tradable, except for any shares of common stock that may be held or acquired by our directors, executive officers and other affiliates, the sale of which will be restricted under the Securities Act of 1933, as amended, or the
Securities Act. In addition, 3.0&nbsp;million shares reserved for future issuance under our 2014 Omnibus Incentive Plan will become eligible for sale in the public market in the future, subject to certain legal and contractual limitations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Moreover, pursuant to a registration rights agreement among us and certain of our current stockholders, certain of our stockholders will have the right to
require us to register under the Securities Act any shares in our company not sold by such stockholders in this offering. See &#147;Certain Relationships and Related-Party Transactions&#151;Registration Rights Agreement.&#148; If our existing
stockholders sell substantial amounts of our common stock in the public market, or if the public perceives that such sales could occur, this could have an adverse impact on the market price of our common stock, even if there is no relationship
between such sales and the performance of our business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with this offering, we, our directors and executive officers, the selling
stockholder and holders of substantially all of our outstanding common stock have each agreed to certain lock-up restrictions. We and they and their permitted transferees will not be permitted to sell any shares of our common stock for 180 days
after the date of this prospectus, except as discussed in &#147;Shares Eligible for Future Sale,&#148; without the prior consent of Deutsche Bank Securities Inc. and UBS Securities LLC. Deutsche Bank Securities Inc. and UBS Securities LLC may, in
their sole discretion, release all or any portion of the shares of our common stock from the restrictions in any of the lock-up agreements described above. See &#147;Underwriting.&#148; We expect certain of our stock to be pledged following the
expiration of the lock-up period. See note (4) to the table included under the caption &#147;Principal and Selling Stockholders.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Also, in the
future, we may issue shares of our common stock in connection with investments or acquisitions. The amount of shares of our common stock issued in connection with an investment or acquisition could constitute a material portion of our
then-outstanding shares of our common stock. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Jeff Edwards and Littlejohn will continue to have significant ownership of our common stock and may have
interests that conflict with those of our other stockholders. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon the completion of this offering, Jeff Edwards will beneficially own approximately
41% of our common stock and Littlejohn will beneficially own approximately 17% of our common stock (assuming no exercise of the underwriters&#146; option to purchase additional shares of our common stock). So long as such persons continue to hold,
directly or indirectly, shares of common stock representing a significant percentage of the voting power of our common stock, they will be able to exercise control over all matters requiring stockholder approval, including the election of directors,
amendment of our amended and restated certificate of incorporation and approval of significant corporate transactions, and will have significant control over our management and policies. This concentration of voting power may have the effect of
delaying or preventing a change in control of us or discouraging others from making tender offers for our shares of common stock, which could prevent </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">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">
stockholders from receiving a premium for their shares of common stock. These actions may be taken even if other stockholders oppose them. The interests of Jeff Edwards and Littlejohn may not
always coincide with the interests of other stockholders, and each may act in a manner that advances its best interests and not necessarily those of our other stockholders. In addition, under our amended and restated certificate of incorporation,
Jeff Edwards and Littlejohn are permitted to pursue corporate opportunities for themselves, rather than for us. See &#147;Description of Capital Stock&#151;Corporate Opportunity.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Provisions of our charter documents and Delaware law could delay, discourage or prevent an acquisition of us, even if the acquisition would be beneficial
to our stockholders, and could make it more difficult for our stockholders to change our management. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our amended and restated certificate of
incorporation and bylaws that will be in effect immediately prior to the effectiveness of this registration statement may discourage, delay or prevent a merger, acquisition or other change in control that stockholders may consider favorable,
including transactions in which stockholders might otherwise receive a premium for their shares of our common stock. In addition, these provisions may frustrate or prevent any attempt by our stockholders to replace or remove our current management
by making it more difficult to replace or remove our board of directors. These provisions will include 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>
<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">a classified board of directors with three-year staggered terms; </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>
<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">no cumulative voting in the election of directors, which limits the ability of minority stockholders to elect director candidates;</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>
<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">the exclusive right of our board of directors to fill a vacancy created by the expansion of the board of directors or the resignation, death or removal of a director, which prevents stockholders from being able to fill
vacancies on our board of directors; </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>
<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">the ability of our board of directors to authorize the issuance of shares of preferred stock and to determine the price and other terms of those shares, including preferences and voting rights, without stockholder
approval, which could be used to significantly dilute the ownership of the holders of our stock or a hostile acquirer; </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>
<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">a prohibition on stockholder action by written consent, which forces stockholder action to be taken at an annual or special meeting of our stockholders; </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>
<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">a requirement that a special meeting of stockholders may be called only by the chairman of our board of directors, our Chief Executive Officer or upon a resolution approved by a majority of the total number of directors
that we would have if there were no vacancies, and not by our stockholders; 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>
<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">advance notice procedures that stockholders must comply with in order to nominate candidates to our board of directors or to propose matters to be acted upon at a stockholders&#146; meeting, which may discourage or
deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer&#146;s own slate of directors or otherwise attempting to obtain control of us. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, we will be subject to Section&nbsp;203 of the Delaware General Corporation Law, which generally prohibits a Delaware corporation from engaging in
any of a broad range of business combinations with a stockholder owning 15% or more of such corporation&#146;s outstanding voting stock for a period of three years following the date on which such stockholder became an &#147;interested&#148;
stockholder. This provision could have the effect of delaying or preventing a change of control, whether or not it is desired by or beneficial to our stockholders. Any delay or prevention of a change of control transaction or changes in our board of
directors and management could deter potential acquirers or prevent the completion of a transaction in which our stockholders could receive a substantial premium over the then-current market price for their shares of our common stock. See
&#147;Description of Capital Stock&#151;Anti-Takeover Effects of Provisions of our Charter, our Amended and Restated Bylaws and Delaware Law.&#148; </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; font-size:10pt; font-family:Times New Roman"><B>Purchasing shares of our common stock in this offering will result in an immediate and substantial dilution of
your investment. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The initial public offering price of our common stock is substantially higher than the net tangible book value per share of our
common stock. Therefore, investors purchasing shares of our common stock in this offering will pay a price per share that substantially exceeds the book value of our tangible assets after subtracting our liabilities. As a result, investors
purchasing common stock in this offering will incur immediate dilution of $11.98&nbsp;per share (assuming no exercise of the underwriters&#146; option to purchase additional shares of our common stock), based on an assumed initial public offering
price of $15.00&nbsp;per share, which is the midpoint of the price range set forth on the cover of this prospectus. See &#147;Dilution.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Furthermore, if we raise additional capital or acquire new businesses by issuing new convertible or equity securities, your interest will be further diluted.
This may result in the loss of all or a portion of their investment in our common stock. In addition, newer securities may have rights, preferences or privileges senior to those of securities held by investors in our common stock. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We do not expect to pay any dividends in the foreseeable future. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We intend to retain our future earnings, if any, in order to reinvest in the development and growth of our business and, therefore, do not intend to pay
dividends on our common stock for the foreseeable future. Any future determination to pay dividends will be at the discretion of our board of directors and will depend on our financial condition, results of operations, capital requirements, the
limits imposed by the terms of our revolving credit facility, or any then-existing debt instruments, and such other factors as our board of directors deems relevant. Accordingly, investors in our common stock may need to sell their shares to realize
a return on their investment in our common stock, and investors may not be able to sell their shares at or above the prices paid for them. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>If
securities analysts do not publish favorable reports about us or if we, or our industry, are the subject of unfavorable commentary, the price of our common stock could decline. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The trading price for our common stock will depend in part on the research and reports about us that are published by analysts in the financial industry.
Analysts could issue negative commentary about us or our industry, or they could downgrade our common stock. We may also not receive sufficient research coverage or visibility in the market. Any of these factors could result in the decline of the
trading price of our common stock, causing investors in our common stock to lose all or a portion of their investment. </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">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; font-size:12pt; font-family:Times New Roman"><B><A NAME="rom614029_3"></A>Information Regarding Forward-Looking Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This prospectus includes forward-looking statements within the meaning of U.S. federal securities laws, which involve risks and uncertainties. These
forward-looking statements can be identified by the use of forward-looking terminology, including the terms &#147;believe,&#148; &#147;estimate,&#148; &#147;project,&#148; &#147;aim,&#148; &#147;anticipate,&#148; &#147;expect,&#148;
&#147;seek,&#148; &#147;predict,&#148; &#147;contemplate,&#148; &#147;continue,&#148; &#147;possible,&#148; &#147;intend,&#148; &#147;may,&#148; &#147;plan,&#148; &#147;forecast,&#148; &#147;future,&#148; &#147;might,&#148; &#147;will,&#148;
&#147;could,&#148; would&#148; or &#147;should&#148; or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of
places throughout this prospectus and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth strategies, the industry
in which we operate and potential acquisitions. We derive many of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we
caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. All forward-looking statements are based upon information available to
us on the date of this prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend
on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and the stability of the
industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this prospectus. In addition, even if our results of operations, financial condition and liquidity and the development
of the industry in which we operate are consistent with the forward looking statements contained in this prospectus, those results or developments may not be indicative of results or developments in subsequent periods. Important factors that could
cause our results to vary from expectations include, but are not limited to: </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>
<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">our dependence on the residential construction industry, the economy and the credit markets; </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>
<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">uncertainty regarding the housing recovery; </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>
<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">declines in the economy or expectations regarding the housing recovery that could lead to additional significant impairment charges; </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>
<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">the cyclical and seasonal nature of our 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>
<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">our exposure to severe weather conditions; </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>
<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">the highly fragmented and competitive nature of our industry; </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>
<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">product shortages or the loss of key suppliers; </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>
<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">changes in the costs and availability of products; </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>
<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">inability to successfully acquire and integrate other businesses; </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>
<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">our exposure to claims arising from our acquired operations; </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>
<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">our reliance on key personnel; </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>
<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">our ability to attract, train and retain qualified employees while controlling labor costs; </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>
<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">our exposure to product liability, workmanship warranty, casualty, construction defect and other claims and legal proceedings; </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>
<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">changes in, or failure to comply with, federal, state, local and other regulations; </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>
<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">we are a holding company and conduct all of our operations through our subsidiaries; </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>
<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">disruptions in our information technology systems; </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">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>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<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">our ability to implement and maintain effective internal control over financial reporting and remediate any outstanding material weakness and significant deficiencies; 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>
<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">additional factors discussed under the sections captioned &#147;Risk Factors,&#148; &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#148; and &#147;Our Business.&#148;
</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Other sections of this prospectus include additional factors that could adversely impact our business and financial performance. In light
of these risks, uncertainties and assumptions, the forward-looking events described in this prospectus may not occur. Moreover, we operate in an evolving environment. New risk factors and uncertainties emerge from time to time, and it is not
possible for our management to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from
those contained in any forward-looking statements. We qualify all of our forward-looking statements by these cautionary statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Estimates and
forward-looking statements speak only as of the date they were made, and, except to the extent required by law, we undertake no obligation to update or to review any estimate and/or forward-looking statement because of new information, future events
or other factors. Estimates and forward-looking statements involve risks and uncertainties and are not guarantees of future performance. As a result of the risks and uncertainties described above, the estimates and forward-looking statements
discussed in this prospectus might not occur and our future results and our performance may differ materially from those expressed in these forward-looking statements due to, but not limited to, the factors mentioned above. Because of these
uncertainties, you should not place undue reliance on these forward-looking statements when making an investment decision. </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_4"></A>Use of Proceeds </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect to receive net proceeds from this offering of approximately $87.0&nbsp;million, or approximately $105.9 million if the underwriters exercise their
option to purchase additional shares in full (assuming an initial public offering price of $15.00 per share, which is the midpoint of the price range set forth on the cover page of this prospectus), after deducting the underwriting discount and
estimated offering expenses payable by us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We intend to use the net proceeds from this offering (including any additional proceeds that we may receive if
the underwriters exercise their option to purchase additional shares of our common stock) to repurchase all of our outstanding preferred stock from Littlejohn for total consideration of $75.7 million, to repay a portion of our outstanding
indebtedness and the balance for general corporate purposes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Concurrent with the completion of this offering, we intend to use a portion of the proceeds
from this offering to repay approximately $11.3 million of our indebtedness outstanding under our revolving facility. As of September&nbsp;30, 2013, we had approximately $23.7 million outstanding under our existing credit facility at a rate of
one-month LIBOR plus 2.25%. Our revolving credit facility matures on May 4, 2016. For a description of the terms of our revolving credit facility, see &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of
Operations&#151;Revolving Credit Facility.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each $1.00 increase (decrease) in the assumed initial public offering price of $15.00 per share, which
is the midpoint of the price range set forth on the cover page of this prospectus, would increase (decrease) the net proceeds received by us from this offering by approximately $6.3&nbsp;million, assuming the number of shares of our common stock
offered by us, as set forth on the cover page of this prospectus, remains the same and after deducting the underwriting discount and estimated offering expenses payable by us. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may also increase or decrease the number of shares we are offering. Each increase (decrease) of one million shares in the number of shares of our common
stock offered by us would increase (decrease) the net proceeds received by us from this offering by approximately $14.0&nbsp;million, assuming an initial public offering price of $15.00 per share, which is the midpoint of the price range set forth
on the cover page of this prospectus, after deducting the underwriting discount and estimated offering expenses payable by us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information discussed
above is illustrative only and subject to the actual public offering price and the actual number of shares offered at pricing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will not receive any
proceeds from the sale of shares of our common stock by the selling 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">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; font-size:12pt; font-family:Times New Roman"><B><A NAME="rom614029_5"></A>Dividend Policy </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We currently do not anticipate paying dividends after the offering for the foreseeable future. Instead, we anticipate that our earnings will be used to provide
working capital to support our operations and to finance the growth and development of our business. Any future determination relating to dividends will be made at the discretion of our board of directors and will depend on a number of factors,
including our future earnings, capital requirements, financial condition, future prospects, contractual restrictions, legal requirements and other factors as our board of directors may deem relevant. The ability of our board of directors to declare
any dividends will be subject to certain limits imposed by the terms of our revolving credit facility and any then-existing debt instruments. See &#147;Management Discussion and Analysis of Financial Condition and Results of
Operations&#151;Liquidity and Capital Resources&#151;Revolving Credit Facility.&#148; </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_6"></A>Capitalization </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table describes our cash, debt and capitalization as of September&nbsp;30, 2013: </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>
<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">on an actual basis; 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>
<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">on an as adjusted basis, giving effect to: </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>
<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">the sale of 6,750,000 shares of our common stock in the offering at an assumed initial public offering price of $15.00&nbsp;per share (the midpoint of the price range set forth on the cover page of this prospectus); 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>
<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">the application of the estimated net proceeds from the offering as described under &#147;Use of Proceeds.&#148; </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You should read this table in conjunction with the sections captioned &#147;Use of Proceeds,&#148; &#147;Selected Consolidated Financial Data,&#148;
&#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#148; and our consolidated financial statements and the related notes thereto included elsewhere in this prospectus. The table below does not give
effect to any exercise by the underwriters of their option to purchase additional shares of our common stock. </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:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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>As of September&nbsp;30, 2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Actual&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As&nbsp;Adjusted&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>($&nbsp;in&nbsp;thousands,&nbsp;except&nbsp;share&nbsp;amounts)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="6" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Debt:</P></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="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Revolving credit facility</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23,715</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,410</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Notes payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">798</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">798</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total debt (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,513</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,208</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Mezzanine Equity:</P></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="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Series A Preferred Stock $0.01 par value: 1,000 authorized, issued and outstanding, actual and no shares authorized, issued or
outstanding, as adjusted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,212</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Redeemable Common Stock; $0.01 par value: 5,850,000 authorized, issued and outstanding, actual and no shares authorized, issued or
outstanding, as adjusted (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,354</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Stockholders&#146; Equity:</P></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-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Preferred stock, $0.01 par value: 5,000,000 shares authorized and no shares issued outstanding, as adjusted</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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Common stock, $0.01 par value: 27,200,862 shares authorized and 16,183,901 shares issued and outstanding, actual and 100,000,000
shares authorized and 28,783,901 shares issued and outstanding, as adjusted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">288</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Additional paid-in capital (2)</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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">115,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Accumulated deficit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41,686</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41,686)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total stockholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41,524</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,347</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total capitalization<B></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">87,555</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">87,555</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&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:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Excludes capital lease obligations of $22.3 million. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Upon the closing of this offering, the redemption feature of the 5,850,000 shares of our outstanding Redeemable Common Stock will terminate and there will be no redemption provisions applicable to any shares of our
common stock. As a result, the 5,850,000 shares of our outstanding Redeemable Common Stock will be converted into common stock and recorded in Stockholders&#146; Equity, thus resulting in an increase to common stock and additional paid-in capital of
$60,000 and $50.3 million, respectively. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A $1.00 increase (decrease) in the assumed initial public offering price of $15.00&nbsp;per share
(the midpoint of the price range set forth on the cover page of this prospectus) would increase (decrease) the &#147;as adjusted&#148; amounts of each of cash, total stockholders&#146; equity and total capitalization by $6.3&nbsp;million, assuming
that the number of shares offered by us, as set forth on the cover page of this prospectus, remains the same and after deducting estimated underwriting discounts and estimated offering expenses. </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">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">A one million share increase (decrease) in the number of shares of common stock sold by us in this offering would
increase (decrease) the &#147;as adjusted&#148; amounts of each of cash, total stockholders&#146; equity and total capitalization by approximately $14.0&nbsp;million, assuming an initial public offering price of $15.00&nbsp;per share, the midpoint
of the price range set forth on the cover page of this prospectus, and after deducting estimated underwriting discounts and estimated offering expenses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The &#147;as adjusted&#148; amounts discussed above are illustrative only and subject to the actual public offering price and the actual number of shares sold
in this offering. </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_7"></A>Dilution </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Purchasers of shares of our common stock in this offering will incur an immediate and substantial dilution in net tangible book value per share of their shares
of our common stock from the initial public offering price. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The difference between the per share offering price paid by purchasers of our common stock in
this offering and the net tangible book value per share of our common stock after this offering constitutes the dilution to purchasers in this offering. Net tangible book value per share is determined by dividing our net tangible book value, which
is our total tangible assets less total liabilities, by the number of outstanding shares of our common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our net tangible book value as of
September&nbsp;30, 2013 was $(38,000), or $(0.00) per share of common stock, based on 22,033,901 shares of our common stock outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">After giving
effect to our sale of 6,750,000 shares of common stock in this offering, at an assumed initial public offering price of $15.00 per share, which is the midpoint of the price range set forth on the cover page of this prospectus, after deducting the
underwriting discount and estimated offering expenses payable by us in connection with this offering, our net tangible book value as of September&nbsp;30, 2013 would have been $87.0 million, or $3.02 per share. This represents an immediate increase
in net tangible book value to existing stockholders of $3.02 per share and an immediate dilution to new investors of $11.98 per share. The following table illustrates this per share dilution: </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="92%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Assumed initial public offering price</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net tangible book value per share as of September&nbsp;30, 2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.00</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Increase in net tangible book value per share attributable to new investors</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.02</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net tangible book value per share after this offering</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.02</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dilution per share to new investors</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11.98</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table sets forth, as of September&nbsp;30, 2013, on an as adjusted basis for this offering, the number of shares
of common stock purchased from us, the total consideration paid and the average price per share paid by our existing stockholders and to be paid by our new investors purchasing shares of common stock in this offering, at an assumed initial public
offering price of $15.00 per share, which is the midpoint of the price range set forth on the cover page of this prospectus, before deducting the underwriting discounts and estimated offering expenses payable by us in connection with this offering:
</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="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="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>Common Stock<BR>Purchased</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>Total&nbsp;Consideration<BR>(in thousands)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Price&nbsp;Per<BR>Share</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD></TR>
<TR STYLE="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</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>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</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>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Existing stockholders (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,033,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">53,767</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2.44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">New investors (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,750,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,783,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">155,017</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5.39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">The number of shares purchased by existing stockholders includes shares being sold by the selling stockholder in this offering. The number of shares purchased by new investors does not include shares being sold by the
selling stockholder in this offering. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A $1.00 increase (decrease) in the assumed initial public offering price of $15.00 per share of
common stock, which is the midpoint of the price range set forth on the cover page of this prospectus, would increase (decrease) total consideration paid by new investors in this offering by $6.8&nbsp;million and would increase (decrease) the
average price per share paid by new investors by $1.00, assuming the number of common stock offered, as set forth on the cover page of this prospectus, remains the same and without deducting the estimated underwriting discounts and offering expenses
payable by us in connection with this offering. </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">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">Sales by the selling stockholder in this offering will reduce the number of shares held by existing stockholders
to 19,783,901 shares, or approximately 69% (19,783,901 shares, or approximately 66%, if the underwriters exercise their option to purchase additional shares in full), and will increase the number of shares to be purchased by new investors to
9,000,000 shares, or approximately 31% (10,350,000 shares, or approximately 34%, if the underwriters exercise their option to purchase additional shares in full), of the total common stock outstanding after this offering. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the underwriters exercise in full their option to purchase additional shares of our common stock in the offering, the following will occur: </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>
<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">the number of shares of our common stock held by new investors will increase to 8,100,000, or 28% of the total number of shares of our common stock outstanding after this offering; 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>
<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">the net tangible book value would be $3.51 per share and the dilution to new investors in this offering would be $11.49 per share. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The foregoing table excludes 3,000,000 shares of our common stock reserved for future issuance under our 2014 Omnibus Incentive Plan, which will be effective
upon the completion of this offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may choose to raise additional capital due to market conditions or strategic considerations even if we believe
we have sufficient funds for our current or future operating plans. To the extent additional capital is raised through the sale of equity or convertible debt securities, the issuance of these securities could result in further dilution to our
stockholders. See &#147;Risk Factors&#151;Risks related to this offering and our common stock&#151;Purchasing shares of our common stock in this offering will result in an immediate and substantial dilution of your investment.&#148; </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">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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><A NAME="rom614029_8"></A>Selected Consolidated Financial Data </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table sets forth selected historical consolidated financial data that should be read in conjunction with &#147;Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operations&#148; and our consolidated financial statements and notes thereto included elsewhere in this prospectus. The selected historical consolidated financial data in this section is not intended to
replace our historical consolidated financial statements and the related notes thereto. Our historical results are not necessarily indicative of future results, and our operating results for the six months ended June&nbsp;30, 2013 and nine months
ended September&nbsp;30, 2013 are not necessarily indicative of the results that may be expected for the year ended December&nbsp;31, 2013. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The selected
consolidated balance sheet data as of December&nbsp;31, 2011 and 2012 and June&nbsp;30, 2013 and the selected consolidated statements of operations and cash flows data for each year ended December&nbsp;31, 2011 and 2012 and for the six months ended
June&nbsp;30, 2013, have been derived from our audited consolidated financial statements that are included elsewhere in this prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The selected
consolidated statement of operations and cash flows data for each of the six months ended June&nbsp;30, 2012 and nine months ended September&nbsp;30, 2012 and 2013 have been derived from our unaudited consolidated financial statements that are
included elsewhere in this prospectus. The unaudited consolidated financial statements have been prepared on the same basis as our audited consolidated financial statements and include all adjustments (consisting of normal recurring adjustments) we
considered necessary for a fair presentation of the results for the periods presented. Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States, or GAAP. </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:8.5pt" 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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<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>Year ended <BR>December&nbsp;31,</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>Six months ended <BR>June&nbsp;30,</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>Nine months ended <BR>September&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<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>2011</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>2012</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>2012</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>2013</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>2012</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>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman"><B>(in thousands, except share and per share data)</B></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"></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;</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-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>Statement of operations information:</B></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"></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;</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="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">238,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">301,253</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">129,548</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">196,649</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">209,855</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">312,599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Cost of sales</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181,221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">227,210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97,574</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148,120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">157,616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">234,121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Gross profit</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,226</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,043</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,974</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,529</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,239</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78,478</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Operating expenses</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"></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;</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="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Selling</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">18,446</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">19,807</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">9,765</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">11,908</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">14,443</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">18,454</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Administrative (1)(2)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">45,678</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">56,333</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">28,056</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">32,300</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">41,274</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">49,183</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Management fees, related parties&nbsp;(2)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,760</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Gain on litigation settlement</P></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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,975</TD>
<TD NOWRAP VALIGN="bottom">)&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;&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;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Amortization</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,785</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,082</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,544</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,301</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Impairment of intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Other</P></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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(960</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(916</TD>
<TD NOWRAP VALIGN="bottom">)&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(960</TD>
<TD NOWRAP VALIGN="bottom">)&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;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Operating (loss) income </P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17,130</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,896</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,394</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,777</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,818</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,540</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Other expense (income) </P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Interest expense</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,673</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,979</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">863</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,044</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Interest expense, related parties</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,321</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Gain on extinguishment of debt</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18,542</TD>
<TD NOWRAP VALIGN="bottom">)&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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(136</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(149</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(164</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(135</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(24</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">(Loss) income before income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,741</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,739</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,108</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,897</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,159</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,907</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Income tax provision </P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">1,449</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">555</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">589</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">704</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">510</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">2,646</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net (loss) income from continuing operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">(7,190</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">(4,294</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">(7,697</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">1,193</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">(6,669</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">4,261</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></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">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>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></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="font-family:Times New Roman; font-size:8pt">
<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>Year ended <BR>December&nbsp;31,</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>Six months ended <BR>June&nbsp;30,</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>Nine months ended <BR>September&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<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>2011</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>2012</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>2012</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>2013</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>2012</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>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Loss (income) from discontinued operations</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,455</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(3,835</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">773</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">530</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">960</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Income tax (benefit) provision</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(660</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(121</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(276</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(200</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(362</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Loss (income) from discontinued operations, net of tax</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,795</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,388</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">497</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">330</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">598</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net (loss) income</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(8,985</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,906</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,896</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(6,999</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Accretion charges on Series A Redeemable Preferred Stock</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(811</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,529</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,683</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,019</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,085</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,597</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Accretion charges on Pre-Recapitalization Preferred Units</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,621</TD>
<TD NOWRAP VALIGN="bottom">)&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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Gain&nbsp;on&nbsp;extinguishment&nbsp;of&nbsp;Pre-Recapitalization</FONT> Preferred Units</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,040</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net income (loss) attributable to common stockholders</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$73,623</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$(7,435)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$(10,579)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$(2,323)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$(11,084)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$(934</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net income (loss) per share attributable to common stockholders (basic and diluted):</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"></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;</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-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3.87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.49</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.53</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.09</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.54</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.01</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Discontinued operations</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.09</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.01</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.02</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.02</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.03</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net income (loss) per share:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3.78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.37</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.54</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.56</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.04</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">As adjusted net income (loss) per share attributable to common stockholders (basic and diluted) (3)(4):</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"></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;</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-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 2.91</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.16)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.29)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.04</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.25)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Discontinued operations</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.07)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.09</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.01)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.02)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.01)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.02)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net income (loss) per share:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2.84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.07)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.30)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.02</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.26)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Weighted average number of shares outstanding:</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"></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;</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>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Basic and diluted</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,499,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,351,552</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,499,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,033,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,786,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,033,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">As adjusted basic and diluted (4)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,249,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,101,552</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,249,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,783,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,536,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,783,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</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:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></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>
<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="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>As of December&nbsp;31,</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>As of<BR>June&nbsp;30,</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>As of<BR>September&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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>2011</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>2012</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>2013</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>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman"><B>(in thousands)</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;</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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>Balance sheet data:</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;</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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,528</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total current assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">56,554</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">75,768</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">87,835</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">93,733</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Property and equipment, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,931</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,824</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">127,526</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">160,752</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">181,496</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">189,687</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total funded debt (5)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,255</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,075</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,790</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Mezzanine equity (6)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">59,587</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">66,861</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">100,254</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">104,566</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total stockholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">(9,560</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">(7,482</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">(40,179</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">(41,524</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total mezzanine equity and stockholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,379</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60,075</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63,042</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">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>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="54%"></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="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&nbsp;31,</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>Six months ended <BR>June&nbsp;30,</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>Nine months ended <BR>September&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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>2011</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>2012</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>2012</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>2013</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>2012</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>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman"><B>(in thousands, except percentages and net revenue per completion)</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;</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;</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-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>Statement of cash flows:</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;</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;</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="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net cash provided by (used in):</P></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;</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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(12,755</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,594</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(2,664)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,554</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(2,173)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;2,617</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Investing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,743</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">284</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,041</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(106)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,551</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Financing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,945</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(481</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,244</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,550</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,395</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">306</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<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="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>Other financial data:</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;</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;</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-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Adjusted EBITDA (7)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(6,563</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,205</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 1,680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 5,173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Adjusted EBITDA margin (7)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2.8</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.9</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net revenue divided by total U.S. housing completions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">408</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt"> 464</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">468</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt"> 582</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt"> 454</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">572</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></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:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">In 2010, IBP Management Holdings, LLC and, in 2011, IBP Investment Holdings, LLC issued awards of their equity interests to certain of our employees. Certain of these employees were granted rights to put such equity
awards during a limited period to Jeff Edwards, our Chairman, Chief Executive Officer and President. Accounting guidance requires that the compensation associated with these equity awards be pushed down to us and recorded as non-cash compensation
expense. The non-cash compensation expense associated with the equity awards approximated $0.8 million for the year ended December&nbsp;31, 2011, $4.7&nbsp;million for the year ended December&nbsp;31, 2012, $4.6 million for the nine months ended
September 30, 2012, and $0 for the nine months ended September&nbsp;30, 2013, and is included in administrative expenses. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">For the year ended December&nbsp;31, 2011, management fees represented amounts charged to us by IBP Holding Company, a related party, under agreements originally entered into in March 2004 and October 2007, which were
terminated as a result of our Recapitalization. The associated expenses were transferred to us and IBP Holding Company personnel became our employees in January 2012. For the year ended December&nbsp;31, 2012, management fees were paid to Littlejohn
Managers, LLC ($1.1 million), Jeff Edwards ($2.7 million) and TCI Holdings, LLC ($0.5 million) pursuant to an agreement dated December&nbsp;18, 2012, which was terminated on November&nbsp;22, 2013. No similar fees were charged during 2013, and we do
not expect to incur management fees going forward. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Prior to November&nbsp;1, 2013, Jeff Edwards served as a consultant and non-employee officer to us. As such he did not receive salary or bonus for 2012. The costs of Jeff Edward&#146;s services were paid through the
management agreements discussed above. See the sections of this prospectus captioned &#147;Compensation of our Executive Officers and Directors&#148; and &#147;Certain Relationships and Related-Party Transactions&#151;Management Agreements.&#148;
Jeff Edwards did not receive any compensation during the nine months ended September 30, 2013. In anticipation of this offering and with a view towards operating as a public company, we entered into an employment agreement with Jeff Edwards on
November 1, 2013 that will pay Mr. Edwards a minimum annual base salary of $600,000 and provide him an opportunity to participate in the Company&#146;s annual incentive and benefit programs. Compensation paid by us to Mr. Edwards on or after
November 1, 2013 will be recorded as an administrative expense in our consolidated statement of operations. As a result of the foregoing, our performance for the period ended September 30, 2013 will not be comparable in this respect to our
operations in prior or subsequent periods and may not be indicative of future results. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Our net income (loss) attributable to common stockholders has been adjusted to reflect the elimination of the accretion charges on the Series A Preferred Stock upon the consummation of this offering. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Assumes the issuance of 6,750,000 additional shares as a result of this offering. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">Total funded debt consists of current and long-term portions of long-term debt and capital lease obligations. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">Consists of Series&nbsp;A Preferred Stock and Redeemable Common Stock. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top">Adjusted EBITDA measures performance by adjusting EBITDA for certain income and expense items that are not considered part of our core operations. The Adjusted EBITDA margin takes Adjusted EBITDA and divides it by net
revenue. See &#147;Non-GAAP Measures&#148; in the section of this prospectus captioned &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations.&#148; </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">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; margin-left:3%; font-size:8.5pt; font-family:Times New Roman">The following table presents a reconciliation of Adjusted EBITDA to Net (loss) income, the most
comparable GAAP measure, for each of the periods indicated. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></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="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>Year ended<BR>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>Six months ended<BR>June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>Nine months ended<BR>September&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP><B>(in thousands)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2011</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>2012</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>2012</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>2013</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>2012</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>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net (loss) income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(8,985</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,906</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,896</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(6,999</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Interest expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">6,994</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">(a)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">1,979</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">863</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">1,044</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">1,476</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">1,657</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Provision for income taxes (b)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">1,449</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">555</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">589</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">704</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">510</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">2,646</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,087</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,894</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,550</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,185</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,539</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,306</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<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="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">EBITDA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">8,545</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">8,522</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">(2,894</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">7,629</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">526</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">16,272</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<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="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Gain on extinguishment of debt (c)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">(18,542</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Recapitalization transaction fees (d)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">2,654</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Legal settlement (e)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">(6,975</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Non-cash stock compensation (f)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">780</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">4,658</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">4,574</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">4,647</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<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="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Adjusted EBITDA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(6,563</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,205</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:4%;border-bottom:1px solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">Consists of interest expense of $3,673 on debt and related-party interest of $3,321. The related-party interest was forgiven in connection with our Recapitalization. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">Excludes income taxes related to discontinued operations. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">Represents the gain recorded in the 2011 Consolidated Statement of Operations related to the extinguishment of certain first lien senior secured indebtedness in connection with our Recapitalization. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top">Represents expenses related to the Recapitalization. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top">Represents the settlement in 2012 of a class action lawsuit in which we were one of the plaintiffs. The lawsuit related to excess material prices being charged by certain manufacturers. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top">In 2010, IBP Management Holdings, LLC and, in 2011, IBP Investment Holdings, LLC issued awards of their equity interests to certain of our employees. Certain of these employees were granted rights to put such equity
awards during a limited period to Jeff Edwards, our Chairman, Chief Executive Officer and President. Accounting guidance requires that the compensation associated with these equity awards be pushed down to us and recorded as non-cash compensation
expense. </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">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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_9"></A>Management&#146;s Discussion and Analysis of Financial Condition and Results of
Operations </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>You should read the following in conjunction with the sections of this prospectus captioned &#147;Risk Factors,&#148; &#147;Information
Regarding Forward-Looking Statements,&#148; &#147;Selected Consolidated Financial Data&#148; and &#147;Our Business&#148; and our consolidated financial statements and the related notes thereto included elsewhere in this prospectus. This discussion
contains forward-looking statements reflecting current expectations that involve risks and uncertainties. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of
factors, including those discussed in the section captioned &#147;Risk Factors&#148; and elsewhere in this prospectus. </I></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>OVERVIEW </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are the second largest new residential insulation installer in the United States based on our internal estimates, with a national platform consisting of
over 100 locations serving customers in 44 states. We also install complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. Insulation installation comprised approximately 74% of our net
revenue for the nine-month period ended September&nbsp;30, 2013, and we expect this category to continue to account for a substantial majority of our business for the foreseeable future. The new single-family end market comprised approximately 73%
of our net revenue for the nine-month period ended September&nbsp;30, 2013. We also participate in the new multi-family, repair and remodel and commercial end markets. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Substantially all of our net revenue comes from service-based installation of various products in the residential new construction, repair and remodel and
commercial construction end markets. We manage all aspects of the installation process for our customers, from our direct purchase and receipt of materials from national manufacturers, to our timely supply of materials to job sites and quality
installation. Installation of insulation, which includes air sealing, is a critical phase in the construction process, as certain interior work cannot begin until the insulation phase passes inspection. Our branches have expertise in local building
codes and energy-efficient building practices, and strong working relationships with homebuilders and on-site construction managers. At the same time, our centralized corporate support functions allow us to leverage our longstanding supplier
relationships, web-based information system and other dedicated corporate services to benefit our operations as a whole. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our business began in 1977 with
one location in Columbus, Ohio. In the late 1990s, we began our acquisition strategy with the goal of creating a national platform. Since 1999, we have successfully completed and integrated over 90 acquisitions, which has allowed us to generate
significant scale and to diversify our product offering while expanding into some of the most attractive housing markets in the United States. We are well positioned to continue to grow our business through acquisitions, market share gains and the
ongoing housing recovery. We estimate that we have grown our share of the U.S. residential new construction insulation installation market from approximately 5% as of December&nbsp;31, 2005 to approximately 16% as of September&nbsp;30, 2013, based
on total U.S. housing completions. Our company operations are aligned such that we operate as one operating segment and a single reportable segment. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>KEY FACTORS AFFECTING OUR OPERATING RESULTS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Conditions in the U.S. residential new construction industry and U.S. economy. </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our business is driven primarily by the U.S. residential new construction market, which is in turn dependent upon a number of economic factors, including
demographic trends, interest rates, consumer confidence, employment rates, housing inventory levels, foreclosure rates, the health of the economy and availability of mortgage financing. The housing downturn that began in 2006 caused many builders to
significantly decrease their production of housing units because of lower demand and excess inventory. According to the U.S. Census Bureau, total housing starts averaged approximately 1.6&nbsp;million per year from 1968 to 2006. From 2007 to 2012,
housing starts averaged approximately 800,000&nbsp;per year, reaching a low in 2009 of approximately 554,000. After remaining relatively flat in 2010 and 2011, the housing industry started to recover in 2012 with U.S. housing
</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">
starts increasing to approximately 781,000 in 2012, which was the highest level achieved since 2008. Due to the lower levels in housing starts and construction activity, we experienced pressure
on both our gross and operating margins until the recovery began in 2012. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe there are several trends that should drive long-term growth in the
housing market. These trends include housing affordability, an aging housing stock, population growth and growth in household formation. These positive trends are reflected in Blue Chip&#146;s most recent consensus forecast, which projects housing
starts to increase to approximately 1.1&nbsp;million in 2014 and approximately 1.3&nbsp;million in 2015. In NAHB&#146;s 2013 Economic and Housing Outlook, it cites improving overall economic characteristics in U.S. housing markets, which include
positive demographic trends in household formations and household balance sheets. Additionally in its 2013 State of The Nation&#146;s Housing report, the Joint Center of Housing Studies of Harvard University describes a continued trend of increases
in housing prices and strong housing demand relative to housing supply. We expect that our net revenue, gross profit, and operating income will benefit from these trends. In addition, we continue to experience improved operating efficiencies
resulting from certain costs, such as administrative wages and benefits, facility costs and other operating and administrative costs, increasing at a lower rate than the rate at which net revenue increases. For the nine months ended September 30,
2013, our net revenue increased 49% compared to the nine months ended September 30, 2012, while our operating expenses related to selling and administrative increased by 21.4% during the same period, as facilities and certain other administrative
costs did not increase at the same rate as net revenue. Excluding non-cash stock compensation expense incurred in the first nine months ended September 30, 2012, operating expenses increased 33.4% during the nine months ended September&nbsp;30,
2013. We continuously monitor housing market growth trends across the United States in an effort to properly allocate resources in order to maximize operating efficiencies and assess geographic expansion opportunities. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Trends in the construction industry </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our operating
results may vary according to the amount and type of products we install and the mix of our end-markets among new single-family, multi-family and commercial builders and owners of existing homes. The NAHB forecasts a higher rate of growth in
single-family new home construction compared to that for multi-family new home construction. We expect to benefit from this shift in mix because our net revenue per single-family completion is approximately three times our net revenue per
multi-family completion. As the housing market recovery continues, we expect to benefit not only from the increased participation of large homebuilders in the early stages of the recovery, but also as custom builders and individual lot owners build
more in the later stages of the U.S. housing recovery. We maintain an attractive mix of business among all types of homebuilders. Our net revenue derived from the ten largest homebuilders in the United States increased from approximately 7.5% in the
year ended December&nbsp;31, 2010 to approximately 10.7% in the nine months ended September&nbsp;30, 2013. We are also particularly well positioned with custom home builders, given our geography and market share position with these customers, to
take advantage of the later stages of the recovery cycle. In addition to providing services to the residential new construction and repair and remodel end markets, we provide services to the commercial construction end market, which represented
approximately 11.2% of our total net revenue for the period ended September 30, 2013. The McGraw Hill 2013 Dodge Construction Outlook (third quarter update) forecasts a 5% year-over-year increase in square footage for commercial construction in 2013
and a 17% year-over-year increase in 2014. We also expect to see an increase in repair and remodel activity as the housing market recovery progresses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We
also expect our net revenue, gross profit, and operating income to benefit, over time, from increased adoption by states and municipalities of the 2012 IECC. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Material costs </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We purchase the materials that we install
primarily from manufacturers. We believe that, as a result of our national scale and long-standing relationships with many of our suppliers, we will continue to have access to an adequate supply of these materials at favorable prices to keep up with
the growing demand for our products as </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">
the housing market recovers. Prices for our products have generally been subject to cyclical market fluctuations and track the health of the U.S. residential new construction market. In the event
that increased demand leads to higher prices for the products that we install, due to the fragmented and competitive nature of our industry, we may have limited, if any, ability to pass on price increases in a timely manner or at all. In the past,
we have generally been able to pass on these increases to our customers over time. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Labor costs </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our business is labor intensive. As of September&nbsp;30, 2013, we had approximately 3,100 employees, most of whom work as installers on local construction
sites. As the housing market continues to recover, we expect that labor markets will tighten as the demand for installers increases. Tighter labor markets may make it more difficult for us to hire and retain installers and could also increase our
labor costs. We will also be required to spend more on training as we hire additional installers. We offer a comprehensive benefits package, which many of our local competitors are not able to provide and which will increase our costs as we hire
additional personnel. We are still assessing the impact of recent legislation governing health care benefits and other insurance costs to determine any potential impact on our labor costs. We expect to recognize one-time, non-recurring costs related
to our settlement of a class action lawsuit in Washington State in the fourth quarter of 2013, subject to court approval of the settlement. See &#147;Business&#151;Legal Proceedings.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other factors </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect our selling and administrative
expenses to continue to increase in absolute dollars as we incur increased costs related to the growth of our business and our operation as a public company, which could impact our future operating profitability. Upon completion of this offering, we
expect to incur incremental annual costs related to operating as a public company of approximately $3.0 to $4.0 million, although there can be no assurance that these costs will not be higher, particularly when we are no longer an emerging growth
company. Included in this amount is additional compensation expense for Jeff Edwards, our Chief Executive Officer, who, prior to November&nbsp;1, 2013, did not receive any base salary compensation. See &#147;Compensation of our Executive Officers
and Directors&#151;Compensation of our Executive Officers&#151;Employment Agreement with Jeff Edwards&#148; for additional information regarding these compensation arrangements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ACQUISITIONS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Since 1999, our acquisition strategy has
allowed us to generate significant scale, diversify our product offering and expand into many of the largest housing markets in the United States. We have pursued and will continue to pursue both geographic expansion and tuck-in acquisitions in
existing markets. We will look to complete acquisitions that meet our criteria, which include a strong local reputation and high-quality management and labor force. Our acquisition strategy is also focused on using our national buying power,
value-enhancing technology and proven operating platform to achieve operating efficiencies in our acquisitions. We have historically been more active in pursuing acquisitions during periods of housing market growth. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During 2012, we completed seven acquisitions, comprised of five asset acquisitions and two business combinations as defined by Accounting Standards
Codification 805 &#147;Business Combinations.&#148; The two business combinations made during 2012 are described below. </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>
<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">On August&nbsp;31, 2012, we acquired TCI Contracting, LLC and its subsidiaries for a purchase price of $4.7 million, which consisted of $0.6 million in cash (in the form of a seller note) and 2,533,908 shares of our
common stock (valued at $4.1 million at the acquisition date). Our acquisition of TCI Contracting, LLC added 14 operating locations in nine states. These locations install insulation as well as our other complementary building products.
</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>
<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">On November&nbsp;16, 2012, we acquired Accurate Insulation LLC for approximately $1.2 million in cash. Our acquisition of Accurate Insulation LLC added one branch consisting of two locations in Maryland. These locations
primarily offer insulation installation services. </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">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">For additional information concerning these business combinations, see Note 12 to our audited consolidated
financial statements for the year ended December&nbsp;31, 2012 included elsewhere in this prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The five asset acquisitions in 2012 consisted of
various asset purchases of vehicles and other assets for which we paid approximately $0.5 million dollars in aggregate consideration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of our
ongoing strategy to increase market share in certain markets, we acquired Pensacola, Florida-based Ace Insulation Contractors, Inc. (&#147;Ace&#148;) in March 2013 for a total purchase price of approximately $1.0 million, consisting of
$0.7&nbsp;million in cash and $0.3 million in seller notes. For additional information concerning the Ace business combination, see Note 12 to our audited consolidated financial statements for the period ended June&nbsp;30, 2013 included elsewhere
in this prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Direct acquisition and integration costs for the year ended December&nbsp;31, 2012 and for the nine months ended September&nbsp;30,
2013 were not material and were expensed as incurred. We have in the past been, and may in the future be, subject to post-closing payment obligations under contracts we enter into with businesses we acquire. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>OUR RECAPITALIZATION </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;4, 2011, we
completed a recapitalization involving our then outstanding indebtedness and equity interests and the combination of our business operations. Prior to our recapitalization, we operated through two companies that were under common control, IBP
Holdings, LLC, or IBP I, and IBP Holdings&nbsp;II, LLC, or IBP II. References in this prospectus to IBP I also may refer to Installed Building Products, LLC, its direct wholly owned operating subsidiary, and references to IBP II also may refer to
Installed Building Products II, LLC its direct wholly owned operating subsidiary. These two entities operated as distinct legal entities in substantially the same business in different geographic markets. Each had its own credit facility. The
recapitalization served, in part, to provide common ownership and lender relationships for all of our operations. On November&nbsp;4, 2011, in connection with our recapitalization, Installed Building Products, Inc., formerly known as CCIB Holdco,
Inc., became the parent of IBP I and IBP II and their respective subsidiaries. Our recapitalization involved: (i)&nbsp;the repayment and cancellation of outstanding indebtedness of IBP I and IBP II of approximately $126.5 million, which resulted in
a gain of $18.5 million, (ii)&nbsp;capital contributions from our stockholders in the amount of $12.0 million to repay debt, (iii)&nbsp;the exchange by the equityholders of IBP I and IBP II for new equity interests in us, which resulted in a gain
attributable to our common stockholders of $85.0 million that did not impact net loss from continuing operations, and (iv)&nbsp;entry into our existing credit facility. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The above described series of events are referred to in this prospectus as our Recapitalization. Certain of our affiliates participated in our
Recapitalization. See &#147;Certain Relationships and Related-Party Transactions&#148; included elsewhere in this prospectus. See Note 1 to our audited consolidated financial statements for the year ended December&nbsp;31, 2012 included elsewhere in
this prospectus for a more detailed description of IBP I&#146;s and IBP II&#146;s previously existing credit facilities and our revolving credit facility. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SEASONALITY </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We tend to have higher sales during the
second half of the year as our homebuilder customers complete construction of homes placed under contract for sale in the traditionally stronger spring selling season. In addition, some of our larger branches operate in states more impacted by
winter weather and as such experience a slowdown in construction activity during the first quarter of the calendar year. This winter slowdown contributes to traditionally lower sales in our first quarter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The composition and level of our working capital typically change during periods of increasing sales as we carry more inventory and receivables, although this
is generally offset in part by higher trade payables to our suppliers. Working capital levels typically increase in the summer and fall seasons due to higher sales during the peak of residential construction activity. The subsequent collection of
receivables and reduction in inventory levels during the fourth quarter has typically positively impacted cash flow. In the past, from time to time, we have utilized our borrowing availability under our credit facilities to cover short-term working
capital needs, including, for example, during the winter slowdown. </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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NON-GAAP MEASURES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition to the results reported in accordance with GAAP, we have provided information in this prospectus relating to Adjusted EBITDA and Adjusted EBITDA
margin. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Adjusted EBITDA and Adjusted EBITDA margin </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Adjusted EBITDA measures performance by adjusting EBITDA for certain income or expense items that are not considered part of our core operations. Adjusted
EBITDA margin takes Adjusted EBITDA and divides it by net revenue. We believe that the presentation of these measures provides useful information to investors regarding our results of operations because it assists both investors and us in analyzing
and benchmarking the performance and value of our business. We also believe these measures are useful to investors and us as measures of comparative operating performance from period to period as they measure our changes in pricing decisions, cost
controls and other factors that impact operating performance, and they remove the effect of our capital structure (primarily interest expense), asset base (primarily depreciation and amortization), items outside our control (primarily income taxes)
and the volatility related to the timing and extent of other activities such as asset impairments and non-core income and expenses. Accordingly, we believe that these measures are useful for comparing general operating performance from period to
period. In addition, we use various EBITDA-based measures in determining certain of our incentive compensation programs. Other companies may define Adjusted EBITDA and Adjusted EBITDA margin differently and, as a result, our measures may not be
directly comparable to measures of other companies. In addition, Adjusted EBITDA may be defined differently for purposes of covenants contained in our revolving credit facility or any future facility. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Although we use these measures to assess the performance of our business, the uses of the measures are limited because they do not include certain material
expenses, such as interest and taxes, necessary to operate our business. Adjusted EBITDA and Adjusted EBITDA margin should be considered in addition to, and not as substitutes for, net income (loss) in accordance with GAAP as a measure of
performance. Our presentation of these measures should not be construed as an indication that our future results will be unaffected by unusual or non-recurring items. These measures have limitations as analytical tools, and you should not consider
them in isolation or as substitutes for analysis of our results as reported under GAAP. Because of these limitations, these measures are not intended as alternatives to net income (loss) from continuing operations as indicators of our operating
performance, as alternatives to any other measure of performance in conformity with GAAP or as alternatives to cash flow provided by operating activities as measures of liquidity. You should therefore not place undue reliance on these measures or
ratios calculated using those measures. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>COMPONENTS OF RESULTS OF OPERATIONS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Net Revenue</I>. Net revenue is derived from installation of products sold to our customers. Revenue from the sale and installation of products to customers
are recognized at the time installation is complete. We track and analyze net revenue by the number of completed jobs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Cost of Sales.</I> Our cost of
sales is comprised of the costs of materials and labor to purchase and install our products for our customers. Also included in our cost of sales are the cost of safety and other supplies, workers compensation insurance and certain costs to manage
our warehouses, as well as the following vehicle-related expenses: fuel, repairs and maintenance, depreciation, lease expense, insurance, licensing and titling. <I> </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Selling Expenses.</I> Selling expenses primarily include wages and commissions for our sales staff, advertising and bad debt expense. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Administrative Expenses.</I> Administrative expenses include wages and benefits for branch management and administrative personnel, corporate office
personnel, non-cash stock compensation, facility costs, office supplies, telecommunications, legal, accounting and general liability insurance costs. For periods after November 1, 2013, the costs of Jeff Edwards&#146; services to us will be paid
through an employment agreement and will be included in </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">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="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
administrative expenses. Prior to such date, Mr. Edwards was compensated through management agreements and such amounts were recorded in management fees. As a result, our performance for certain
periods presented may not be comparable in this respect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Management Fees.</I> For the year ended December&nbsp;31, 2011, management fees represented
amounts charged to us by IBP Holding Company, a related party, under agreements originally entered into in March 2004 and October 2007. These agreements were terminated and the associated fees were no longer charged to us beginning in January 2012
as a result of our Recapitalization. For the year ended December&nbsp;31, 2012, management fees were paid to Littlejohn Managers, LLC ($1.1 million), Jeff Edwards ($2.7 million) and TCI Holdings, LLC ($0.5 million) pursuant to an agreement dated
December&nbsp;18, 2012, which was terminated on November&nbsp;22, 2013. No similar fees were charged during 2013, and we do not expect to incur management fees going forward. Prior to November&nbsp;1, 2013, Jeff Edwards served as a consultant and
non-employee officer to us. As such, he did not receive salary or bonus for 2012 or for the period from January&nbsp;1, 2013 to October&nbsp;31, 2013. The costs of Jeff Edwards&#146; services were paid through the management agreements discussed
above. For periods after November&nbsp;1, 2013, Mr. Edwards&#146; salary and bonus will be included in administrative expenses. See the sections of this prospectus captioned &#147;Compensation of our Executive Officers and Directors&#148; and
&#147;Certain Relationships and Related-Party Transactions&#151;Management Agreements.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Amortization Expense.</I> Amortization expense represents
the decline in value over time of definite-lived intangible assets such as trademarks, trade names, customer lists and non-competition agreements obtained as a result of past acquisitions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Impairment Expense.</I> Impairment expense represents the difference in carrying value and fair value of an asset recognized during a period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other Operating Expense (Income)</I>. Other operating expense (income) includes a net gain on a litigation settlement and a gain from insurance proceeds.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Interest Expense, Net.</I> Interest expense, net relates primarily to our interest expense on capital leases and our revolving lines of credit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Gain on Extinguishment of Debt. </I>Gain on extinguishment of debt represents the difference between the carrying amount of the extinguished debt and the
fair value of equity provided to stockholders in exchange for that debt. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other Expense (Income), Net.</I> Other expense (income), net includes profit
and losses related to and various miscellaneous non-operating expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Income Taxes.</I> Income taxes are recorded using the asset and liability
method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the deferred tax consequences attributable to temporary differences between the financial statement carrying amounts
of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those differences are expected to be recovered or
settled. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Discontinued Operations.</I> Gain (loss) from discontinued operations represents the after tax gain or loss on the sale or closure of
operations of our business and the after tax effect of the discontinued operations for all periods presented. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><I>Accretion charges on Series A
Redeemable Preferred Stock and Pre-Recapitalization Preferred Units.</I><B></B> Accretion charges on Series A Redeemable Preferred Stock and Pre-Recapitalization Preferred Units represent the change in carrying value of such shares and units during
the period as they are accreted from the initial carrying value at the date of issuance to the redemption value at the earliest redemption date. <B> </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">48 </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>Results of Operations </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table sets forth our operating results for the periods indicated. </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:8.5pt" 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="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<BR>December&nbsp;31,</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>Six months ended<BR>June&nbsp;30,</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>Nine&nbsp;months&nbsp;ended<BR>September&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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>2011</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>2012</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>2012</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>2013</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>2012</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>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman"><B>(in thousands)</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;</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;</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-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>Statement of operations information:</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;</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;</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="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">238,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">301,253</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">129,548</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">196,649</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">209,855</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">312,599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Cost of sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181,221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">227,210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97,574</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148,120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">157,616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">234,121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Gross profit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,226</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,043</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,974</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,529</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,239</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78,478</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Operating expenses</P></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;</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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Selling</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,446</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,807</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,765</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,908</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,443</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,454</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Administrative</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,056</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,274</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,183</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Management fees, related parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,760</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Gain on litigation settlement</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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,975</TD>
<TD NOWRAP VALIGN="bottom">)&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;&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;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,785</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,082</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,544</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,301</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Impairment of intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Other</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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(960</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(916</TD>
<TD NOWRAP VALIGN="bottom">)&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(960</TD>
<TD NOWRAP VALIGN="bottom">)&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;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Operating (loss) income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17,130</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,896</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,394</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,777</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,818</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,540</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Other expense (income)</P></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;</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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Interest expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,673</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,979</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">863</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,044</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Interest expense, related parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,321</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Gain on extinguishment of debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18,542</TD>
<TD NOWRAP VALIGN="bottom">)&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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(136</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(149</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(164</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(135</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(24</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">(Loss) income before income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,741</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,739</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,108</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,897</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,159</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,907</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Income tax provision</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,449</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">555</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">589</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">704</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">510</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,646</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net (loss) income from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,190</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,294</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,697</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,669</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,261</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Loss (income) from discontinued operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,455</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,835</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">773</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">530</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">960</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Income tax (benefit) provision</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(660</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(121</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(276</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(200</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(362</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Loss (income) from discontinued operations, net of tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,795</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,388</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">497</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">330</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">598</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net (loss) income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(8,985</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,906</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,896</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(6,999</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Accretion charges on Series A Redeemable Preferred Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(811</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,529</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,683</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,019</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,085</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,597</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Accretion charges on Pre-Recapitalization Preferred Units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,621</TD>
<TD NOWRAP VALIGN="bottom">)&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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Gain on extinguishment of Preferred Units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,040</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Net income (loss) attributable to common stockholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">73,623</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,435</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(10,579</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(2,323</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(11,084</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(934</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Nine Months Ended September&nbsp;30, 2013 Compared to Nine Months Ended September&nbsp;30, 2012 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Net Revenue </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the nine months ended September&nbsp;30,
2013, net revenue increased $102.7 million, or 49.0%, to $312.6 million from $209.9 million during the nine months ended September&nbsp;30, 2012. The increase in net revenue included revenue from acquisitions of $40.3&nbsp;million. Of the remaining
$62.4 million increase in net revenue, approximately $48.3 million, or 47.0% of the increase, was predominantly attributable to growth in the number of completed jobs in the residential new construction end market. The remaining increase in net
revenue of approximately $14.2 million, or 13.8% of the increase, resulted from a variety of factors including customer and product mix, market pricing variations and insulation volumes driven by building code requirements. Of these, no one factor
was more significant than any other. For the nine months ended September 30, 2013, approximately 25% of the increase in our net revenue was generated by 14% of our branches with approximately 50% of our branches, including acquired branches,
accounting for 53% of the increase. </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">49 </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"><I>Cost of sales </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the nine months ended September&nbsp;30, 2013, cost of sales increased $76.5 million, or 48.5%, to $234.1 million from $157.6 million during the nine
months ended September&nbsp;30, 2012. The increase in cost of sales included increases from acquired businesses of approximately $31.1 million. Of the remaining $45.4&nbsp;million in increases, approximately $36.3&nbsp;million, or 47.5% of the
increase, was predominantly attributable to growth in the number of completed jobs in the residential new construction end market. Additionally, cost of sales increased $8.7&nbsp;million, or 11.4% of the increase, as a result of a variety of factors
including customer and product mix, market pricing variations and insulation volumes driven by building code requirements. Of these items, no one was more significant than the other. Depreciation expense increased $2.3&nbsp;million as a result of
increased investment in vehicles and equipment to support our growth. This increase was partially offset by $1.9&nbsp;million in improved leverage of our branch cost structures. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Operating expenses </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Selling </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the nine months ended September&nbsp;30, 2013, selling expenses increased $4.0 million, or 27.8%, to $18.5 million from $14.4 million for the nine months
ended September&nbsp;30, 2012. This increase was primarily due to increases in wages and commissions of $1.0 million and $3.0 million, respectively, to support increased sales. However, selling expenses declined by 1.0% as a percentage of net
revenue for the nine months ended September&nbsp;30, 2013, as compared to the nine months ended September&nbsp;30, 2012, as a result of reduced advertising expense and wages as a percentage of net revenue. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Administrative </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the nine months ended
September&nbsp;30, 2013, administrative expenses increased $7.9&nbsp;million, or 19.2%, to $49.2 million from $41.3 million for the nine months ended September&nbsp;30, 2012. During the nine months ended September&nbsp;30, 2012, we recorded a $4.6
million non-cash compensation charge. There was no similar expense for the nine months ended September&nbsp;30, 2013. Excluding non-cash compensation, administrative expenses increased $12.5&nbsp;million, a 34.1% increase. The increase was driven
primarily by increases in wages and benefits of $7.8 million and facility costs of $1.2 million attributable to acquisitions and our organic growth, along with a $3.5&nbsp;million increase in other administrative costs that includes items such as
liability insurance, telephone expenses, travel expenses and accounting and consulting fees. Despite these increases, administrative expenses declined on an overall basis as a percentage of net revenue from 17.5% to 15.7%, after adjusting for the
impact of the non-cash compensation expense, due to operating efficiencies from higher sales. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Administrative expenses do not include any compensation
expense for Mr. Edwards during the nine months ended September 30, 2013. In anticipation of this offering and with a view towards operating as a public company, we entered into an employment agreement with Jeff Edwards on November 1, 2013 that will
pay Mr.&nbsp;Edwards a minimum annual base salary of $600,000 and provide him an opportunity to participate in our annual incentive and benefit programs. Compensation paid by us to Mr. Edwards on or after November 1, 2013 will be recorded as an
administrative expense in our consolidated statement of operations. Previously, Mr.&nbsp;Edwards served as a consultant and non-employee officer to us and did not receive a salary. Instead, Mr.&nbsp;Edwards was compensated through certain management
agreements described in additional detail under the caption &#147;Certain Relationships and Related-Party Transactions&#151;Management Agreements.&#148; As a result, our performance for the period ended September 30, 2013 is not comparable in this
respect to our operations from prior periods, will not be comparable in this respect to future periods and may not be indicative of future results. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Amortization </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amortization expense was relatively flat
for the nine months ended September&nbsp;30, 2013 compared to the nine months ended September&nbsp;30, 2012 at $2.3 million. </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">50 </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"><U>Other </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For
the nine months ended September&nbsp;30, 2012, other income was comprised of a $1.0&nbsp;million gain associated with insurance claims for a fire that occurred at one of our branches. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other expense (income) </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Interest expense </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the nine months ended September&nbsp;30, 2013, interest expense was $1.7 million, compared to $1.5 million for the nine months ended September&nbsp;30,
2012. This increase was a result of higher average outstanding borrowings under our revolving credit facility to support working capital growth required to support our increased net revenue. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Other income was relatively flat for the nine
months ended September&nbsp;30, 2013 compared to the nine months ended September&nbsp;30, 2012 at $0.1 million. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Income tax provision </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the nine months ended September&nbsp;30, 2013, income tax expense increased $2.1&nbsp;million to $2.6&nbsp;million from $0.5&nbsp;million for the nine
months ended September&nbsp;30, 2012. This increase resulted from the significant increase in income from continuing operations and the impact of the $4.6 million in non-deductible stock-based compensation in the nine months ended September&nbsp;30,
2012. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Loss from discontinued operations </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the
nine months ended September 30, 2013 and the nine months ended September 30, 2012, we elected to discontinue certain locations as the result of underperforming markets. For the nine months ended September&nbsp;30, 2013, we had a loss from
discontinued operations of $0.6 million compared to a loss from discontinued operations of $0.3 million for the nine months ended September&nbsp;30, 2012. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Six Months Ended June&nbsp;30, 2013 Compared to Six Months Ended June&nbsp;30, 2012 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Net revenue </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the six months ended June&nbsp;30, 2013,
net revenue increased $67.1 million, or 51.8%, to $196.6 million from $129.5 million during the six months ended June&nbsp;30, 2012. The increase in net revenue included revenue from acquisitions of $27.1&nbsp;million. Of the remaining $40.0 million
increase in net revenue, approximately $33.1&nbsp;million, or 49.3% of the increase, was predominantly attributable to growth in the number of completed jobs in the residential new construction end market. The remaining increase in net revenue of
approximately $6.9&nbsp;million, or 10.3% of the increase, resulted from a variety of factors including customer and product mix, market pricing variations and insulation volumes driven by building code requirements. Of these, no one factor was more
significant than any other. For the six months ended June&nbsp;30, 2013, approximately 25% of the increase in our net revenue was generated by 12% of our branches with approximately 50% of our branches, including acquired branches, accounting for
54% of the increase. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Cost of sales </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the six
months ended June&nbsp;30, 2013, cost of sales increased $50.5 million, or 51.8%, to $148.1 million from $97.6 million during the six months ended June&nbsp;30, 2012. The increase in cost of sales included increases from acquired businesses of
approximately $20.7 million. </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">51 </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">
Of the remaining $29.8 million in increases, approximately $24.9 million, or 49.3% of the increase, was predominantly attributable to growth in the number of completed jobs in the residential new
construction end market. Additionally, cost of sales increased $4.5 million, or 8.9% of the increase, as a result of a variety of factors including customer and product mix, market pricing variations and insulation volumes driven by building code
requirements. Of these items, no one was more significant than the other. Depreciation expense increased $1.3&nbsp;million as a result of increased investment in vehicles and equipment to support our growth. This increase was partially offset by
$0.8 million in improved leverage of our branch cost structures. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Operating expenses </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Selling </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the six months ended June&nbsp;30, 2013,
selling expenses increased $2.1 million, or 21.9%, to $11.9 million from $9.8 million for the six months ended June&nbsp;30, 2012. This increase was primarily due to increases in wages and commissions of $0.8&nbsp;million and $1.6&nbsp;million,
respectively, to support increased sales. These increases were offset by a $0.3 million decrease in advertising expense and other miscellaneous selling expenses. Selling expenses declined by 1.5% as a percentage of net revenue for the six months
ended June&nbsp;30, 2013, as compared to the six months ended June&nbsp;30, 2012, as a result of reduced advertising expense and wages as a percentage of net revenue. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Administrative </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the six months ended June&nbsp;30,
2013, administrative expenses increased $4.2 million, or 15.1%, to $32.3 million from $28.1 million for the six months ended June&nbsp;30, 2012. During the first six months ended June&nbsp;30, 2012 we recorded a $4.6 million non-cash compensation
charge. There was no similar expense for the six months ended June&nbsp;30, 2013. Excluding non-cash compensation, administrative expenses increased $8.8 million, a 37.6% increase. The increase was driven primarily by an increase in wages and
benefits of $5.3 million and facility costs of $0.9 million attributable to acquisitions and our organic growth, along with a $2.6 million increase in miscellaneous other administrative costs including liability insurance, telephone expenses, travel
expenses and accounting and consulting fees. Despite these increases, administrative expenses declined on an overall basis as a percentage of net revenue from 18.1% and 16.4%, after adjusting for the impact of the non-cash compensation expense, due
to operating efficiencies from higher sales. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Amortization </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amortization expense was relatively flat for the six months ended June&nbsp;30, 2013 compared to the six months ended June&nbsp;30, 2012, at $1.5 million. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the six months ended June&nbsp;30, 2012, other
income was comprised primarily of a $0.9 million gain associated with insurance claims for a fire that occurred at one of our branches. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other expense
(income) </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Interest expense </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the six months
ended June&nbsp;30, 2013, interest expense was $1.0 million, compared to $0.9 million for the six months ended June&nbsp;30, 2012. This increase was a result of higher average outstanding borrowings under our revolving credit facility to support
working capital growth required to support our increased net revenue. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the six months ended June&nbsp;30, 2013, other income increased to $0.2 million compared to $0.1 million for the six months ended June&nbsp;30, 2012. </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">52 </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"><I>Income tax provision </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the six months ended June&nbsp;30, 2013, income tax expense increased $0.1 million to $0.7 million from $0.6 million for the six months ended June&nbsp;30,
2012. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Loss from discontinued operations, net </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For
the six months ended June&nbsp;30, 2013, we had a loss from discontinued operations of $0.5 million compared to a loss from discontinued operations of $0.2 million for the six months ended June&nbsp;30, 2012 due to the closure of locations in
certain underperforming markets. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Year Ended December&nbsp;31, 2012 Compared to the Year Ended December&nbsp;31, 2011 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Net revenue </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2012,
net revenue increased $62.8 million, or 26.3%, to $301.3&nbsp;million from $238.4 million during the year ended December&nbsp;31, 2011. The increase in net revenue included revenue from acquisitions of approximately $14.0&nbsp;million. Of the
remaining $48.8 million increase in net revenue, approximately $37.1 million, or 59.1% of the increase, was predominantly attributable to growth in the number of completed jobs in the residential new construction end market. The remaining increase
in net revenue of approximately $11.7 million, or 18.6% of the increase, resulted from a variety of factors including customer and product mix, market pricing variations and insulation volumes driven by building code requirements. Of these, no one
factor was more significant than any other. For the year ended December 31, 2012, approximately 25% of the increase in our net revenue was generated by 6% of our branches with approximately 50% of our branches, including acquired branches,
accounting for 82% of the increase. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Cost of sales </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2012, cost of sales increased $46.0 million, or 25.4%, to $227.2 million from $181.2 million during the year ended
December&nbsp;31, 2011. The increase in cost of sales included increases from acquired businesses of approximately $10.0 million. Of the remaining $36.0 million in increases, approximately $28.2 million, or 61.3% of the increase, was predominantly
attributable to increased growth in the number of completed jobs in the residential new construction end market. Additionally, cost of sales increased $9.9 million, or 21.5% of the increase, as a result of a variety of factors including customer and
product mix, market pricing variations and insulation volumes driven by building code requirements. Of these items, no one was more significant than the other. Improved leverage of our branch cost structures resulted in cost of sales improvement of
approximately $2.1 million. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Operating expenses </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Selling </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2012,
selling expenses increased $1.4 million, or 7.4%, to $19.8 million from $18.4 million for the year ended December&nbsp;31, 2011. This increase was due to increases in wages and commissions of $0.6 million and $2.3 million, respectively, to support
higher sales and was offset by a reduction in bad debt expense of approximately $1.7 million. Selling expenses declined by 1.2% as a percentage of net revenue for the year ended December&nbsp;31, 2012 as compared to the year ended December&nbsp;31,
2011, as a result of bad debt expense and wages comprising a lower percentage of net revenue. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Administrative </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2012, administrative expenses increased $10.7 million, or 23.3%, to $56.3 million from $45.7 million for the year ended
December&nbsp;31, 2011. During the years ended December&nbsp;31, 2012 and December&nbsp;31, 2011, we recorded a $4.7 million and $0.8 million non-cash compensation charge, </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">53 </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">
respectively. Excluding non-cash compensation, administrative expenses increased $6.8 million, or 15.1%, which was due to increased wages and benefits costs of $6.9 million and facility costs of
$0.6 million, along with a decrease in other administrative expenses of approximately $0.7 million. A decrease of Recapitalization transaction fees of $2.7 million incurred in 2011 was offset by increased costs in general liability insurance, travel
and other office and facility expenses. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Management fees, related parties </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2012, management fee expenses decreased $0.5 million, or 9.7%, to $4.3 million from $4.8 million for the year ended
December&nbsp;31, 2011. For the year ended December&nbsp;31, 2011, management fees represented amounts charged to us by IBP Holding Company, one of our indirect stockholders and a related party, for corporate office personnel expenses under
agreements originally entered into in March 2004 and October 2007. These agreements terminated and the associated fees were no longer charged to us beginning in January 2012 as a result of our Recapitalization. For the year ended December&nbsp;31,
2012, management fees were paid to Littlejohn Managers, LLC ($1.1 million), Jeff Edwards ($2.7 million) and TCI Holdings, LLC ($0.5 million) pursuant to an agreement dated December&nbsp;18, 2012, which was terminated on November&nbsp;22, 2013. No
similar fees were charged during 2013, and we do not expect to incur management fees going forward. Prior to November&nbsp;1, 2013, Jeff Edwards served as a consultant and non-employee officer to us. As such, he did not receive salary or bonus for
2012. The costs of Jeff Edwards&#146; services were paid through the management agreements. See the sections of this prospectus captioned &#147;Compensation of our Executive Officers and Directors&#148; and &#147;Certain Relationships and
Related-Party Transactions&#151;Management Agreements.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Gain on litigation settlement </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2012, a net gain on a litigation settlement of $7.0 million was recognized due to the settlement in 2012 of a class action
lawsuit in which we were one of the plaintiffs. The lawsuit related to excess material prices being charged by certain manufacturers. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Amortization
</U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2012, amortization expense decreased by $0.7 million, or 18.6%, to $3.1 million from $3.8 million during the year
ended December&nbsp;31, 2011. The decrease period-over-period was driven by intangible asset impairments recorded during 2011 in the amount of $1.7 million, which brought down the total gross intangible asset value thus reducing amortization on a
going-forward basis. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Impairment of intangibles </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For
the year ended December&nbsp;31, 2012, impairment of intangibles decreased by $1.3 million, or 79.1%, to $0.4 million from $1.7 million during the year ended December&nbsp;31, 2011. The decrease period-over-period resulted from an impairment charge
in 2011 related to the impairment of certain customer relationships and trademark and trade name intangible assets. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2012, other income was comprised primarily of a $1.0 million gain associated with insurance claims for a fire that
occurred at one of our branches. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other expense (income) </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Interest expense </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31,
2012, interest expense was $2.0 million, compared to $3.7 million for the year ended December&nbsp;31, 2011. This decrease of $1.7 million was a result of lower average outstanding borrowings under our revolving credit facility combined with lower
average borrowing rates. For the year ended </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">54 </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">
December&nbsp;31, 2012, we recorded no related-party interest expense, compared to $3.3 million for the year ended December&nbsp;31, 2011. This decrease was the result of the extinguishment of
related-party debt in 2011 in connection with our Recapitalization. Refer to &#147;&#151;Our Recapitalization&#148; and Note 1 to our audited consolidated financial statements for the year ended December&nbsp;31, 2012 for further discussion. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Gain on extinguishment of debt </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended
December&nbsp;31, 2011, gain on extinguishment of debt was $18.5 million related to the extinguishment of debt associated with our Recapitalization. In connection with our Recapitalization, we entered into a series of transactions through which the
majority of our then-outstanding debt was cancelled or forgiven. The $18.5 million gain represents the difference in the carrying amount of debt and the fair value of the debt recognized. Refer to &#147;&#151;Our Recapitalization&#148; and Note 1 to
our audited consolidated financial statements for the year ended December&nbsp;31, 2012 for further discussion. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2012, other income was $0.1 million compared to other expense of $0.2 million for the year ended December&nbsp;31, 2011.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Income tax provision </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2011, we recorded an income
tax provision of $1.4 million on our loss from continuing operations of $5.7 million, or an effective rate of (25.2%). The 2011 provision was primarily driven by the impact of the Recapitalization, as well as the recognition of non-deductible losses
recorded in 2011. In 2012, we recorded an income tax provision of $0.6 million on our loss from continuing operations of $3.7 million, or an effective rate of (14.8%). The 2012 provision was primarily driven by the impact of non-deductible stock
compensation recorded in 2012, and to a lesser extent an increase of our valuation allowance on net operating losses. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Loss from discontinued
operations, net </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2012, we had income from discontinued operations of $2.4 million compared to a loss from
discontinued operations of $1.8 million for the year ended December 31, 2011. During the year ended December 31, 2012, we discontinued an operation that was used for regrinding materials to produce loosefill insulation. Substantially all materials
subject to regrinding in this operation were provided by a single supplier. The contract under which the materials were obtained was terminated during 2012. As a result, the associated operation was discontinued. A gain of $4.5 million was recorded
as a result of the cancelled supplier contract. During the year ended December 31, 2011, we elected to discontinue locations in certain underperforming markets. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Liquidity and Capital Resources </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our primary capital
requirements are to fund working capital needs, operating expenses, acquisitions and capital expenditures and meet required interest payments. Since 2011, our capital resources have primarily consisted of cash and borrowings under our revolving
credit facility. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The residential construction industry, and therefore our business, experienced a significant downturn that started in 2006. However,
beginning in 2012, we saw the first meaningful increase in housing completions since the downturn began. While we have experienced improved profitability and liquidity through the first nine months of 2013, we have invested significantly in working
capital due to our increased sales, supported primarily by our revolving credit facility. Additionally, we have utilized capitalized leases to finance an increase in the number of our vehicles. </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">55 </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">As of September&nbsp;30, 2013, we had $5.3 million in cash and $19.0 million of unused borrowing capacity under
our revolving credit facility. In addition to cash, we had restricted cash of $1.7 million as of September&nbsp;30, 2013, which is a contractually required component of our self-insured retention (&#147;SIR&#148;) general liability insurance policy
and our high-deductible workers&#146; compensation insurance policies to ensure payment under these programs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe that our cash flows from
operations, combined with our current cash levels and available borrowing capacity, will be adequate to support our ongoing operations and to fund our debt service requirements, capital expenditures and working capital for at least the next
12&nbsp;months. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Historical cash flow information </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Working capital </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We carefully manage our working capital
and operating expenses. As of September&nbsp;30, 2013 and December&nbsp;31, 2012, our working capital was 8.7% and 7.6% of net revenue, respectively. While we continue to look for opportunities to reduce our working capital as a percentage of net
revenue, we may decide in the future to negotiate additional discounted payment terms with our vendors. While this would reduce our cost of sales, it would decrease our cash flow from operations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Working capital was $27.2 million as of September&nbsp;30, 2013, $29.5 million as of June 30, 2013, and $23.0 million and $18.4&nbsp;million as of
December&nbsp;31, 2012 and 2011, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The increase in accounts receivable, net, of $14.1 million as of September&nbsp;30, 2013 as compared to
December&nbsp;31, 2012, is primarily a result of higher net revenue and seasonal increases that are typical following the winter months. Accounts receivable, net, increased $11.9 million as of December&nbsp;31, 2012 as compared to December&nbsp;31,
2011, primarily as a result of increased net revenue. Days sales outstanding as of September&nbsp;30, 2013 and December&nbsp;31, 2012 and 2011 were approximately 53.0, 55.9, and 52.6 days, respectively. <B></B>Although days sales outstanding has
remained relatively constant, the fluctuation in days sales outstanding is impacted by increases or decreases in the accounts receivable balance as compared to net revenue for the same period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The increase in inventory, net, of $2.8 million as of September&nbsp;30, 2013 as compared to December&nbsp;31, 2012, is primarily a result of higher net
revenue and seasonal increases that are typical following the winter months. Inventories, net, increased $4.4&nbsp;million as of December&nbsp;31, 2012 as compared to December&nbsp;31, 2011, primarily due to increased net revenue to meet increased
demand. Inventory turns September&nbsp;30, 2013 and December&nbsp;31, 2012 and 2011 were approximately 7.4, 8.8 and 7.5, respectively. Fluctuations in inventory turns are primarily a result of the seasonal increases in inventory during the winter
months. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Other current assets increased $0.7 million to $6.1 million as of September&nbsp;30, 2013 as compared to December&nbsp;31, 2012 primarily due to
an increase in material rebates receivables associated with higher material purchases to support higher sales. Other current assets increased $1.8 million or 51.2% as of December&nbsp;31, 2012 as compared to December&nbsp;31, 2011, primarily due to
an increase in material rebates receivables. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accounts payable increased $8.9 million as of September&nbsp;30, 2013 as compared to December&nbsp;31, 2012,
and increased $9.6 million as of December&nbsp;31, 2012 as compared to December&nbsp;31, 2011, in each case, primarily as a result of changes in the volume of inventory purchases due to higher net revenue leading up to each balance sheet date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accrued liabilities increased $3.5 million as of September&nbsp;30, 2013 as compared to December&nbsp;31, 2012, and increased $0.6 million as of
December&nbsp;31, 2012 as compared to December&nbsp;31, 2011, in each case, primarily due to increases in operating expenses required to support the increasing level of net revenue. </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">56 </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"><I>Cash flow from operating activities </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash provided by operating activities was $2.6&nbsp;million for the nine months ended September&nbsp;30, 2013 as compared to net cash used in operating
activities of $2.2 million for the nine months ended September&nbsp;30, 2012. This increase in cash flow was due primarily to an increase in net income discussed above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash used in operating activities was $7.6 million for the six months ended June&nbsp;30, 2013 as compared to net cash used in operating activities of
$2.7 million for the six months ended June&nbsp;30, 2012. This decrease in cash flow was attributable to the increase in net income of $8.6&nbsp;million, offset by a decrease in adjustments to net income of $3.9&nbsp;million, which was primarily
related to an adjustment for non-cash stock compensation of $4.6&nbsp;million during the six months ended June&nbsp;30, 2012. Additionally, the decrease in the change in current assets and liabilities of $12.3&nbsp;million primarily related to an
increase in accounts receivable of $7.2 million and tax payments of $5.1&nbsp;million during the period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash provided by operating activities was
$4.6 million for the year ended December&nbsp;31, 2012 as compared to net cash used in operating activities of $12.8 million for the year ended December&nbsp;31, 2011. This increase in cash flow was attributable to the decrease in net loss of
$7.1&nbsp;million and an increase in adjustments to net loss of $16.8 million, which was primarily due to the gain on extinguishment of debt of $18.5&nbsp;million that occurred in 2011. This increase was offset by a decrease in the change in current
assets and liabilities of $6.5&nbsp;million, which primarily related to a decrease in accounts receivable of $1.3&nbsp;million and an increase in other liabilities of $4.1&nbsp;million. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Cash flows from investing activities </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash used in
investing activities was $1.6&nbsp;million for the nine months ended September&nbsp;30, 2013 as compared to $0.1 million for the nine months ended September&nbsp;30, 2012. This decrease in cash flow was primarily the result of an increase of
$0.7&nbsp;million in property and equipment purchases during the nine months ended September&nbsp;30, 2013. In addition cash payments of $0.7&nbsp;million were made for business combinations during the nine months ended September&nbsp;30, 2013 as
opposed to receipt of cash of $0.3&nbsp;million through business combinations made during the nine months ended September&nbsp;30, 2012. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash used in
investing activities was $1.0 million for the six months ended June&nbsp;30, 2013 as compared to net cash provided by investing activities of $0.3 million for the six months ended June&nbsp;30, 2012. The decrease in cash flow was primarily the
result of an increase of $0.6&nbsp;million in property and equipment purchased during the six months ended June&nbsp;30, 2013 in addition to cash payments of $0.7&nbsp;million for business combinations made during the period. No business
combinations occurred during the six months ended June&nbsp;30, 2012. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash used in investing activities was $2.7&nbsp;million for the year ended
December&nbsp;31, 2012 as compared to net cash provided by investing activities was $0.2&nbsp;million for the year ended December&nbsp;31, 2011. The decrease in cash flow was primarily the result of an increase of $1.9&nbsp;million in property and
equipment purchased during the year ended December&nbsp;31, 2012 in addition to cash payments of $0.8&nbsp;million for business combinations made during the period. No business combinations occurred during the year ended December&nbsp;31, 2011. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Cash flows from financing activities </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash provided
by financing activities was $0.3&nbsp;million for the nine months ended September&nbsp;30, 2013 as compared to $5.4 million for the nine months ended September&nbsp;30, 2012. The decrease in cash flow was the result of an increase of
$2.7&nbsp;million in principal payments on capital leases and increased payments for deferred offering costs of $1.1&nbsp;million during the nine months ended September&nbsp;30, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash provided by financing activities was $8.6 million for the six months ended June&nbsp;30, 2013 as compared to $4.2 million for the six months ended
June&nbsp;30, 2012. The increase in cash flow was the result of an increase of $6.3 million in borrowings under the revolving line of credit, offset by an increase of $1.6 million in principal payments on capital leases. </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">57 </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">Net cash used in financing activities was $0.5 million for the year ended December&nbsp;31, 2012 as compared to
net cash provided by financing activities of $11.9 million for the year ended December&nbsp;31, 2011. The decrease in cash flow was the result of a decrease of $10.1 million in capital contributions and a decrease of $11.8 million in net proceeds
from all lines of credit. These factors were offset by a decrease of $9.4 million in principal payments on long-term debt during the year ended December 31, 2012. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Capital expenditures </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Capital expenditures vary depending
on prevailing business factors, including current and anticipated market conditions. Historically, capital expenditures have remained steady in comparison to the operating cash flows generated during the corresponding periods. We expect our 2013
capital expenditures to be approximately $18 to $20 million (including new capital lease obligations) primarily related to purchases of vehicles and various equipment to support our operations and increased net revenue. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Revolving credit facility </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We entered into our
revolving credit facility on November&nbsp;4, 2011 with Bank of America, N.A. Under the revolving credit facility, our line of credit has a maximum limit of $50.0 million. Amounts outstanding under the revolving credit facility are due May&nbsp;4,
2016 with interest at the greater of 1) the Eurodollar rate, or the London Interbank Offered Rate, or LIBOR, or 2) the alternate base rate, which approximates the prime rate, plus a margin based on the type of rate applied. As of September&nbsp;30,
2013, we had $23.7 million outstanding under our revolving credit facility at 1-month LIBOR including margin (2.25% to 3.75%) and $0.7 million outstanding at the prime rate including margin (4.25%). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our revolving credit facility permits borrowings based on a stated percentage of eligible accounts receivable and inventories. We are required to pay a
monthly fee of 0.375%&nbsp;per annum on the average unused commitment under our revolving credit facility. Borrowings outstanding under our revolving credit facility are collateralized by a first priority lien on all assets, including, but not
limited to, all real estate, property, equipment, receivables and inventories. In addition, the borrowing base under our revolving credit facility may be reduced by the sum of letter of credit obligations, inventory reserves and reserves relating to
claims that may be reasonably expected to be asserted against the collateral securing such credit facility, among other specified amounts. Our revolving credit facility also contains various customary restrictive non-financial covenants and a change
in control and event of default provision. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our revolving credit facility also allows us to issue letters of credit not to exceed $10.0 million in the
aggregate. To support our insurance programs, we had $7.3 million of letters of credit outstanding as of September&nbsp;30, 2013. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain subsidiaries of
Installed Building Products, Inc. are borrowers under our revolving credit facility, Installed Building Products, Inc. and certain other of its subsidiaries are guarantors of our revolving credit facility. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our revolving credit facility contains certain customary representations and warranties and affirmative and negative covenants, including financial reporting
requirements and covenants limiting our indebtedness, investments, liens, restricted payments, asset sales, affiliate transactions, hedging agreements, restrictive agreements, equity issuances by subsidiaries, leases, mergers and acquisitions. In
addition, if minimum availability under our revolving credit facility falls below a certain threshold, the facility requires that we satisfy a fixed charge coverage ratio test. With respect to restrictions on acquisitions, certain acquisitions are
permitted if (1) our pro forma fixed charge coverage ratio is at least 1.10 to 1.00 as of the recently ended measurement period and the pro forma availability under our revolving credit facility immediately before and after making such acquisition,
and the average pro forma availability for the 30 days prior to such acquisition, is at least $5.0 million or (2) the pro forma availability immediately before and after making such acquisition, and the average pro forma availability for the 30 days
prior to such acquisition, is at least $10.0 million. </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">58 </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">We are currently in discussions to amend the terms of our revolving credit facility or enter into a new credit
facility following this offering. While we expect to amend the terms of or replace our existing revolving credit facility in the next three to six months, we cannot guarantee such timing or that we will amend the terms of or replace our existing
revolving credit facility at all. While we do not know the exact terms of any amended or replacement credit facility, we would expect to be subject to continued negative covenants and compliance with certain financial ratios. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Letters of Credit and Bonds </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We use letters of
credit to secure our performance under our general liability and workers compensation insurance programs. Our workers compensation insurance program is considered a high deductible program whereby we are responsible for the cost of claims under $0.5
million. If we do not pay these claims, our insurance carriers are required to make these payments to the claimants on our behalf. Our general liability insurance program has an SIR of $0.35 million whereby we are responsible for all claims below
the SIR, and the insurance company only has liability above the SIR. As of September&nbsp;30, 2013, we had $7.3 million of outstanding letters of credit and $1.7 million in cash securing our performance under these insurance programs. We
occasionally use performance bonds to ensure completion of our work on certain larger customer contracts that can span multiple accounting periods. As of September&nbsp;30, 2013, we had approximately 15 performance bonds outstanding, totaling $2.0
million. Performance bonds generally do not have stated expiration dates; rather, we are released from the bonds as the contractual performance is completed. As of September&nbsp;30, 2013, we had approximately 155 permit and license bonds
outstanding, totaling $3.0 million. Permit and license bonds are typically issued for one year and are required by certain municipalities when we obtain licenses and permits to perform work in their jurisdictions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Contractual Obligations </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the table below, we set forth
our enforceable and legally binding obligations as of December&nbsp;31, 2012. Some of the amounts included in the table are based on management&#146;s estimates and assumptions about these obligations, including their duration, the possibility of
renewal, anticipated actions by third parties and other factors. Because these estimates and assumptions are necessarily subjective, our actual payments may vary from those reflected in the table. The figures in the table below do not reflect the
anticipated proceeds of this offering and the application thereof. </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="60%"></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="font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Payments due by period</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</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>Less&nbsp;than<BR>1 year</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>1-3 years</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>3-5 years</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>More&nbsp;than<BR>5 years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term debt obligations (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">20,032</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">643</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1,206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">18,184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Capital lease obligations (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">13,803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4,546</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">6,567</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2,690</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operating lease obligations (3)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">17,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4,803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">6,044</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2,654</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3,589</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchase obligations (4)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">80,363</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">23,873</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">47,596</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">8,894</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Long-term debt obligations include estimated interest payments. In determining estimated interest payments, we utilize the current market rate. Additionally, our estimated interest payments have been calculated assuming
that our debt balance as of December&nbsp;31, 2012 remains outstanding in line with the above-disclosed payment schedule. Long-term debt obligations include amounts outstanding under our revolving credit facility. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">We maintain a fleet of production vehicles under a capital lease structure. The leases expire on various dates through December 2017. We anticipate continuing the leasing of production vehicles to include new vehicles
to support the increasing number of installation jobs in our business as well as to replace aging vehicles. We lease certain facilities, vehicles and equipment under operating lease agreements, including, but not limited to, corporate offices,
branch locations and various office and operating equipment. Capital lease obligations, as disclosed above, include estimated interest expense payments. In determining expected interest expense payments, we utilize the current market rate.
</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">59 </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">We lease certain locations, vehicles and equipment under operating lease agreements, including, but not limited to, corporate offices, branch locations and various office and operating equipment. In some instances,
these location lease agreements exist with related parties. See &#147;Certain Relationships and Related-Party Transactions&#151;Real Property Leases.&#148; </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">We entered into two supply contracts with minimum purchase requirements at market rates. The amounts in the above table represent our best estimate as to the prices that will be payable for the minimum volume of
purchases that must be made under the contracts. Similar commitments existed in 2012 and were fully met. We expect to exceed our minimum requirements under these agreements in 2013. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Off-Balance Sheet Arrangements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of September&nbsp;30,
2013 and December&nbsp;31, 2012 and 2011, other than operating leases and purchase obligations described above, letters of credit issued under our revolving credit facility and performance and license bonds, we had no material off-balance sheet
arrangements with unconsolidated entities. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>INFLATION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our performance is dependent to a significant extent upon the levels of U.S. residential new construction spending, which is affected by factors such as
interest rates, inflation, consumer confidence and unemployment. We do not believe that inflation has had a material impact on our business, financial condition or results of operations during the past two fiscal years. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Critical Accounting Policies and Estimates </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Management&#146;s discussion and analysis of our financial condition and results of operations is based upon our consolidated financial statements, which have
been prepared in accordance with accounting principles generally accepted in the United States. The preparation of our consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets,
liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. Certain accounting policies involve judgments and uncertainties to such an extent that there is a reasonable likelihood that materially different amounts
could have been reported using different assumptions or under different conditions. We evaluate our estimates and assumptions on a regular basis. We base our estimates on historical experience and various other assumptions that are believed to be
reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of our assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates and
assumptions used in preparation of our consolidated financial statements. We provide discussion of our more significant accounting policies, estimates and judgments used in preparation of our consolidated financial statements below. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Revenue Recognition </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Revenue from the sale and
installation of products is recognized when all of the following have occurred: (i)&nbsp;persuasive evidence of an arrangement exists, (ii)&nbsp;delivery has occurred or services have been rendered, (iii)&nbsp;the price is fixed or determinable and
(iv)&nbsp;the ability to collect is reasonably assured. Revenue from the sale and installation of products is recognized at the time the installation is complete. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Goodwill </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Goodwill results from business combinations and
represents the excess of the purchase price over the fair value of acquired tangible assets and liabilities and identifiable intangible assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Goodwill
is assigned to and tested for impairment at a reporting unit level. We have one operating segment and our branches meet the definition of components as they are businesses for which discrete financial information is
</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">60 </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">
available and whose operating results are reviewed by management. <B></B>In accordance with the guidance outlined in Accounting Standards Codification, or ASC,
<FONT STYLE="white-space:nowrap">350-20,</FONT> our components qualify to be aggregated into one reporting unit for goodwill impairment testing purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Annually, or if conditions indicate an earlier review is necessary, we assess qualitative factors to determine if it is more likely than not that the fair
value of the reporting unit is less than its carrying amount and if it is necessary to perform the quantitative two-step goodwill impairment test. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">At
December 31, 2011 and 2012, our measurement dates, we performed a step one analysis and compared the carrying value of the reporting unit to an estimate of the reporting unit&#146;s fair value to identify potential impairment. There was no goodwill
impairment in either 2011 or 2012. The estimated fair value of the reporting unit was substantially in excess of the carrying value at December&nbsp;31, 2012. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The estimate of the reporting unit&#146;s fair value is determined by weighting a discounted cash flow model and a market-related model. The estimate of the
reporting unit&#146;s fair value involves significant unobservable inputs (Level 3). These Level&nbsp;3 inputs are primarily our forecasts utilized in the discounted cash flow model and our determination of the weight applied to each of the
aforementioned models. Our forecasts include current and projected future levels of cash flow based on management&#146;s plans, business trends, prospects, market and economic conditions and market-participant considerations. Our forecasts are based
upon the best information available at the measurement date; however, actual results may vary from the forecasts and thus the forecasts represent a Level 3 input. We take our forecasts and apply a discount rate commensurate with our capital
structure and the cost of capital of comparable market participants, giving appropriate consideration to the prevailing borrowing rates within our industry, to arrive at our discounted cash flow model. We elected to weight the discounted cash flow
model and market related model, placing more weight on the discounted cash flow model. We believe the discounted cash flow approach more appropriately captures the specific growth and risk profile of the reporting unit, whereas the market approach
requires a qualitative assessment of the reporting unit&#146;s risk profile and growth prospects compared to reasonably similar publicly-traded companies. In periods where both models produce significantly equivalent results we may elect to use the
results of the discounted cash flow model only. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the estimated fair value of the reporting unit is less than the carrying value, a second step is
performed to determine the amount of the potential goodwill impairment. If impaired, goodwill is written down to its estimated implied fair value. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Taxes </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We account for income taxes using the asset and
liability method. Under this method, the amount of taxes currently payable or refundable are accrued, and deferred tax assets and liabilities are recognized for the estimated future tax consequences of temporary differences that currently exist
between the tax basis and financial reporting basis of our assets and liabilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Valuation allowances are established against deferred tax assets when
it is more likely than not that the realization of those deferred tax assets will not occur. In evaluating our ability to recover our deferred tax assets within the jurisdiction from which they arise, we consider all available positive and negative
evidence, including scheduled reversals of deferred tax liabilities, the ability to produce future taxable income, tax planning strategies available and recent financial operations. In projecting future taxable income, we begin with historical
results adjusted for the results of discontinued operations and changes in accounting policies and incorporate assumptions, including the amount of future federal and state pretax operating income, the reversal of temporary differences and the
implementation of feasible and prudent tax planning strategies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deferred tax assets and liabilities are measured using the enacted tax rates in effect in
the years when those temporary differences are expected to reverse. The effect on deferred taxes from a change in tax rate is recognized through continuing operations in the period that includes the enactment date of the change. </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">61 </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">A tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position
will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. We recognize tax liabilities for uncertain tax positions and adjust these liabilities when our judgment changes
as a result of the evaluation of new information not previously available. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our income tax expense, deferred tax assets and liabilities and reserves for
unrecognized tax benefits reflect management&#146;s best assessment of estimated future taxes to be paid. We are subject to income taxes in the United States which includes numerous state and local jurisdictions. Significant judgments and estimates
are required in determining the income tax expense. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Stock-based compensation </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We estimate the value of stock-based awards on the date granted and each subsequent balance sheet date for liability awards. The Employee Puts are deemed to be
liability-classified instruments that are directly associated with the awards. As such, both the awards and the Employee Puts are accounted for as liability-classified instruments as of the issuance date of the Employee Put. During the period for
which the Employee Puts are exercisable, both the Employee Puts and the associated awards are remeasured to fair value each reporting period. In the absence of a publicly traded market, the fair market value of the put options and underlying shares
are estimated primarily using discounted cash flow and, secondarily, other market-related models using current industry trends. In determining the estimated future cash flow, we consider and apply certain estimates and judgments, including current
and projected future levels of income based on management&#146;s plans, business trends, prospects and market and economic conditions and market-participant considerations. The adjustment to the carrying value is based upon an equity rate of return
for a public company in our industry with similar financial trends and characteristics. The determined fair value of our common stock is used to determine the value of the membership interest units based on their ownership interest. The membership
interest units and related put options are recorded at fair value as compensation expense. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Recent Accounting Pronouncements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fair Value Measurement: In May 2011, the Financial Accounting Standards Board, or the FASB, issued Accounting Standards Update No.&nbsp;2011-04, Amendments to
Achieve Common Fair Value Measurement and Disclosure Requirements in GAAP and IFRS, or ASU 2011-04. The amendments in this ASU are intended to improve the comparability of fair value measurements presented and disclosed in financial statements
prepared in accordance with GAAP and International Financial Reporting Standards, or IFRS. The amendments in this ASU explain how to measure fair value. They do not require additional fair value measurements and are not intended to establish
valuation standards or affect valuation practices outside of financial reporting. We adopted the provisions of ASU 2011-04 on January&nbsp;1, 2012. The adoption did not have an impact on our financial position or results of operations.<B> </B> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Implications of Being an Emerging Growth Company </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We
qualify as an emerging growth company as defined in the JOBS Act. An emerging growth company may take advantage of specified reduced reporting and other burdens that are otherwise applicable generally to public companies. These provisions include:
</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>
<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">a requirement to have only two years of audited financial statements and only two years of related Selected Financials and Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
disclosure; </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>
<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">an exemption from the auditor attestation requirement in the assessment of our internal control over financial reporting pursuant to the Sarbanes-Oxley Act; </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>
<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">reduced disclosure about the emerging growth company&#146;s executive compensation arrangements; 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>
<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">no requirement to seek non-binding advisory votes on executive compensation or golden parachute arrangements. </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">62 </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">We have elected to adopt the reduced disclosure requirements available to emerging growth companies, including a
requirement to have only two years of audited financial statements, two years of related selected financial data and only two years of related Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations disclosure as
well as reduced disclosure about executive compensation arrangements. As a result of these elections, the information that we provide in this prospectus may be different than the information you may receive from other public companies in which you
hold equity interests. In addition, it is possible that some investors will find our common stock less attractive as a result of our elections, which may cause a less active trading market for our common stock and more volatility in our stock price.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may take advantage of these provisions until we are no longer an emerging growth company. We will remain an emerging growth company until the earlier
of (1)&nbsp;the last day of the fiscal year (a)&nbsp;following the fifth anniversary of the completion of this offering, (b)&nbsp;in which we have total annual gross revenue of at least $1.0&nbsp;billion or (c)&nbsp;in which we are deemed to be a
large accelerated filer, which means the market value of our common stock that is held by non-affiliates exceeds $700&nbsp;million as of the prior June&nbsp;30, or (2)&nbsp;the date on which we have issued more than $1.0&nbsp;billion in
non-convertible debt during the prior three-year period. We may choose to take advantage of some but not all of these reduced burdens. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The JOBS Act
permits emerging growth companies to take advantage of an extended transition period to comply with new or revised accounting standards applicable to public companies. We are choosing to &#147;opt out&#148; of this provision and, as a result, we
will comply with new or revised accounting standards as required when they are adopted. This decision to opt out of the extended transition period is irrevocable. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Quantitative and Qualitative Disclosure on Market Risks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are exposed to market risks related to fluctuations in interest rates on our outstanding variable rate debt. As of December 31, 2012, we had approximately
$18 million outstanding under our revolving credit facility and approximately $12 million outstanding under various capital leases. A hypothetical one percentage point increase (decrease) in interest rates on our variable rate debt would increase
(decrease) our annual interest expense by approximately $0.3 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For variable rate debt, interest rate changes generally do not affect the fair
value of the debt instrument, but do impact future earnings and cash flows, assuming other factors are held constant. We did not utilize swaps, forward or option contracts on interest rates or commodities, or other types of derivative financial
instruments during 2012. We have not entered into and currently do not hold derivatives for trading or speculative purposes. </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">63 </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_10"></A>Our Business </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>OUR COMPANY </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are the second largest new residential
insulation installer in the United States based on our internal estimates, with a national platform consisting of over 100 locations serving customers in 44 states. We believe we have the number one or two market position for new single-family
insulation installation in more than half of the markets in which we operate, based on permits issued in those markets. We also install complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors,
which provide cross-selling opportunities. For the nine months ended September&nbsp;30, 2013, we generated net revenue of $312.6 million, Adjusted EBITDA of $16.3 million and net income of $3.7 million. This represents a 49.0% increase in net
revenue and a 3.1 times increase in Adjusted EBITDA as compared to the nine months ended September&nbsp;30, 2012. Approximately 79% of our net revenue in the nine months ended September&nbsp;30, 2013 was derived from sales to the U.S. residential
new construction market. </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="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><I>Net Revenue for the nine-month period ended September&nbsp;30, 2013</I></TD></TR>
<TR>
<TD HEIGHT="13" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center">


<IMG SRC="g614029g53l49.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We manage all aspects of the installation process for our customers, from our direct purchase and receipt of materials from
national manufacturers, to our timely supply of materials to job sites and quality installation. Installation of insulation, which includes air sealing, is a critical phase in the construction process, as certain interior work cannot begin until the
insulation phase passes inspection. We benefit from our national scale, long-standing supplier relationships and a broad customer base that includes production and custom homebuilders, multi-family and commercial contractors, and homeowners. During
each of the past five years, no single customer accounted for more than 3% of our net revenue. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our business began in 1977 with one location in Columbus,
Ohio. In the late 1990s, we began our acquisition strategy with the goal of creating a national platform. Since 1999, we have successfully completed and integrated over 90 acquisitions, which has allowed us to generate significant scale and to
diversify our product offering while expanding into some of the most attractive housing markets in the United States. Over the past several years, our net revenue has increased at a faster rate than our operating expenses, resulting in an improved
cost structure and more efficient and scalable operating model to improve our financial performance and returns on invested capital. We are well positioned to continue to grow our business through the ongoing housing recovery, market share gains and
acquisitions. We estimate that we have grown our share of the U.S. residential new construction insulation installation market from approximately 5% as of December&nbsp;31, 2005 to approximately 16% as of September&nbsp;30, 2013, based on total U.S.
housing completions. </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">64 </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>INDUSTRY OVERVIEW AND TRENDS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Housing End Market.</I></B> Our business is driven primarily by the U.S. residential new construction market. According to the U.S. Census Bureau, total
housing starts averaged approximately 1.6&nbsp;million per year from 1968 to 2006. From 2007 to 2012, housing starts averaged approximately 800,000&nbsp;per year, reaching a low in 2009 of approximately 554,000. After remaining relatively flat in
2010 and 2011, the housing industry started to recover in 2012, with U.S. housing starts increasing to approximately 781,000, which was the highest level achieved since 2008. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Historical and Forecast U.S. Housing Starts </I></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="g614029g39e12.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Source: U.S. Census Bureau for historical starts data; Blue Chip for starts forecasts. </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe that a new home construction recovery is currently underway on a national basis, which is being driven by key macroeconomic factors, including
improved consumer confidence, increasing household formation and attractive levels of new home affordability. According to Blue Chip, housing starts are expected to grow by 19% in 2014 to reach approximately 1.1&nbsp;million and by 18% in 2015 to
reach approximately 1.3 million. We continuously monitor housing market growth trends across the United States in order to allocate our resources to maximize operating efficiencies and assess geographic expansion opportunities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Other End Markets.</I></B> We also install building products, including insulation, for the commercial construction and repair and remodel end markets.
The McGraw Hill 2013 Dodge Construction Outlook (third quarter update) forecasts a 5% year-over-year increase in square footage for commercial construction in 2013 and a 17% year-over-year increase in 2014. We also expect to experience an increase
in repair and remodel activity as the overall housing market recovery progresses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Insulation Market.</I></B> We compete primarily in the U.S.
residential new construction insulation installation market, which we believe exceeded $1.4 billion of sales in 2012 and $4.0 billion of sales in 2005. Sales in the U.S. residential new construction insulation installation market are tied to trends
in the housing market. We estimate that the top three insulation installers comprise approximately half of the total market. The remainder of the market is highly fragmented and is comprised primarily of smaller, privately owned, local companies,
many of which lack scale and have limited access to capital. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Insulation and energy efficiency standards</I></B>. The amount of insulation in a new
home is regulated by various building and energy codes, which establish minimum thermal and air sealing performance requirements. These </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">65 </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">
codes are typically updated with more stringent requirements every three years. The most recent of these code enhancements to be adopted is the 2012 IECC. As of November 2013, six states and an
additional 44 local jurisdictions had adopted the 2012 IECC, and the U.S. Department of Energy projects that 18 states will have adopted standards at the 2012 IECC level or higher by 2015. We believe that new residential insulation demand will
increase as a result of increased adoption of the 2012 IECC by states and municipalities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Installation and homebuilders.</I></B> Builders value the
benefits of using a qualified and experienced installer. These benefits include expertise in installing insulation and other products, knowledge of local building codes, timely supply of materials to job sites and management of installer labor.
According to the NAHB, insulation comprises 1.8% of the total construction cost of a typical single-family home. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>OUR COMPETITIVE STRENGTHS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe we benefit from the following competitive strengths: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Local market leadership with national scale </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We are the second largest new residential insulation installer in the United States based on our internal estimates. We installed insulation in more than 70,000 homes in 2012 and operate in over 70% of the 50 largest
housing markets across the United States, as measured by U.S. Census Bureau population estimates. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our local branch operations have earned a reputation for timely and quality installations, positioning us, we believe, as the number one or number two insulation installer for new single-family insulation installation
in more than half of the markets we serve, based on permits issued in those markets. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our branches have expertise in local building codes and energy-efficient building practices, and strong working relationships with homebuilders and on-site construction managers. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our regional managers, local branch managers and sales force have significant experience in the industry and have spent an average of more than 10 years with our operations. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Proven ability to gain market share </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We estimate that we have increased our market share in the U.S. residential new construction insulation installation market from approximately 5% to approximately 16% from December&nbsp;31, 2005 to September&nbsp;30,
2013, based on total U.S. housing completions. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We have increased our net revenue divided by total U.S. housing completions by 180% from 2005 to 2012. We believe that our ability to increase net revenue performance over this period, despite a 66% decrease in the
number of total U.S. housing completions over this period, was the result of our acquiring local installation operations, gaining market share organically, cross-selling complementary installation services and installing more insulation per home due
to the adoption of more energy efficient building codes. </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">66 </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"><I>Net Revenue Divided by Total U.S. Housing Completions </I></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="g614029g96r43.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Source: U.S. Census Bureau for housing completions data. </I></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Proven acquisition track record </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Since 1999, we have completed over 90 acquisitions. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We have a proven ability to identify operations that meet our disciplined acquisition criteria and to successfully integrate them to realize synergies within our scalable infrastructure. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our ability to retain local employees, trademarks, trade names and long-term customers has been an important component of our successful acquisition strategy. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Highly efficient and scalable operating model </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our national platform and long-standing supplier relationships allow us to leverage economies of scale to deliver attractive margins. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our web-based information system facilitates the complete proposal-to-collection process with a customizable platform that supports local market needs, while also enabling efficient centralized accounting and in-depth
data analysis. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our local branch operations benefit from dedicated corporate services related to purchasing, safety practices, claims and risk management, regulatory compliance and human resources support. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Highly experienced and incentivized management team </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our management team has led us through multiple housing industry cycles, providing valuable continuity and a demonstrated ability to improve operations and grow our business both organically and through acquisitions.
</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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Each of our executive officers has more than 10 years of experience with us. They and our regional presidents average more than 20 years of experience in the building products and construction industries.
</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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our senior management team is highly incentivized to succeed. Jeff Edwards, our Chief Executive Officer and Chairman, and our directors and executive officers will beneficially own approximately 41% and 68%,
respectively, of our common stock after this offering. </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">67 </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>OUR GROWTH STRATEGY </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our objective is to leverage our competitive strengths to increase stockholder value through the following key strategies. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Capitalize on the new construction market recovery </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Approximately 79% of our net revenue in the nine months ended September&nbsp;30, 2013 was derived from sales to the U.S. residential new construction market. According to Blue Chip, housing starts are expected to grow
by approximately 19% in 2014 and approximately 18% 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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We estimate that our current addressable market, measured by the total number of permits issued in the markets we serve, has grown from approximately 24% of total new U.S. residential building permits for the year ended
December&nbsp;31, 2005 to approximately 55% for the nine months ended September&nbsp;30, 2013. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our diversified customer base includes an attractive mix of production and custom homebuilders, ranging from national home builders to regional and local homebuilders as well as multi-family and commercial contractors,
which we believe will enable us to grow through all stages of the housing recovery. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We will continue to emphasize sourcing direct from manufacturers, local pricing discipline and working capital management to maximize our operating leverage and improve our market position. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Continue to gain market share through organic growth </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We believe we will continue to gain organic market share, aided by our national scale and local presence, quality service and ability to hire, train and retain installers. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We expect to continue to strengthen our leading national market position, as many of our competitors lack the access to capital required to keep pace with the U.S. housing market recovery. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We will continue to pursue cross-selling opportunities in garage doors, rain gutters, shower doors, closet shelving and mirrors and other complementary products.&nbsp;We estimate that our net revenue contributed by
these products divided by total U.S. housing completions has grown from approximately $51 in 2005 to approximately $120 in 2012, a 135% increase. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Pursue value-enhancing strategic acquisitions </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The highly fragmented nature of our industry allows for both geographic expansion and existing market tuck-in acquisitions. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We will continue to identify and pursue strategic acquisitions, based on our acquisition criteria that include local brand strength and quality of the local management and labor force. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We believe we will continue to achieve synergies from our acquisitions due to our national buying power, value-enhancing technology and proven operating platform. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Maximize benefits from energy efficiency standards and industry trends </I></B></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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We expect to increase our net revenue as building codes continue to require higher energy efficiency and homeowners become more focused on energy conservation. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A return to the historic mix of single-family and multi-family new home construction activity, as forecasted by the NAHB, is expected to further increase insulation demand. </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>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Approximately 11% of our net revenue was derived from sales made to the commercial construction end market for the nine months ended September&nbsp;30, 2013. According to the McGraw Hill 2013 Dodge Construction Outlook
(third quarter update), square footage for commercial construction starts is expected to increase 5% year-over-year in 2013 and 17% year-over-year in 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">68 </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>OUR OPERATIONS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We manage all aspects of the installation process for our customers, from our direct purchase and receipt of materials from national manufacturers, to our
timely supply of materials to job sites and quality installation: </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>
<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">In each of our markets, our branch management and staff foster close working relationships with local customers. </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>
<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">Our branch management hires and trains installers with a focus on quality, safety and timely installation. </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>
<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">Our branch sales staff analyzes construction plans and measures the installation job to prepare customer proposals that comply with local building codes and energy efficiency standards and otherwise meet customer
requirements. </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>
<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">Our branches order and receive delivery of materials direct from national manufacturers. </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>
<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">Our branches break bulk and load required materials onto our vehicles for each job, and manage installer schedules to ensure timely installation that meets our customer&#146;s scheduling requirements. </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>
<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">For each phase of product installation, our installers prepare the job site, professionally install the materials to pass inspection, clean-up when the installation is complete and return unused materials to the branch.
</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Our Installation Process </I></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="g614029g80f59.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our customers generally select their building products installer based on quality and timeliness of service, knowledge of
local building codes, pricing, relationships and reputation in the market. For these reasons, we emphasize the importance of developing and maintaining customer relationships at the local level and rely heavily on the knowledge and experience of our
branch management and staff. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Once we are selected for an installation job, our branch staff coordinates with our customer to ensure that the job is
completed in a quality manner and within the customer&#146;s production schedule. Throughout the construction </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">69 </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">
process, our branch sales and supervisory staff and installation teams, typically consisting of a senior installer and one or two other installers, make frequent site visits to ensure timely and
proper installation and to provide general service support. We believe a high level of service is valued by our customers and generates customer loyalty. There are typically three phases to complete an insulation installation: (i)&nbsp;basement
insulation installation; (ii)&nbsp;air sealing of the structure and installation of insulation in the exterior walls; and (iii)&nbsp;insulation for the ceiling and attic. We also assist the builders with coordinating inspection. In addition to
visiting a job site during each of these three phases, we will return to a building site when we are selected to install other products such as garage doors, rain gutters, shower doors, closet shelving or mirrors. We believe that our ability to
consistently complete our installations within a customer&#146;s production schedule is recognized by our customers and is a key component of our high level of service. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Insulation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Overview </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are the second largest new residential insulation installer in the United States based on our internal estimates. Insulation installation comprised
approximately 74% of our net revenue for the nine-month period ended September 30, 2013. Approximately 79% of our net revenue for the nine-month period ended September&nbsp;30, 2013 was derived from sales to the U.S. residential new construction
market. We handle every stage of the installation process, including material procurement, project scheduling and logistics, multi-phase professional installation and field quality inspection. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Insulation Materials </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We offer a wide range of insulation
materials, including: </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>
<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">Fiberglass Insulation &#150; Fiberglass insulation is made of fibrous glass that is held together by a thermoset resin creating insulating air pockets. It typically contains an average of 50% recycled content. It is
available in two forms: batts (also referred to as blankets) and loosefill (also referred to as blown in). Fiberglass is the most widely used residential insulation material in the United States. Installations of fiberglass insulation accounted for
approximately 85% of our insulation sales for the nine months ended September&nbsp;30, 2013. </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>
<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">Spray Foam Insulation &#150; Spray foam insulation is applied at a job site by mixing two chemical components together in specialized application equipment. It is generally polyurethane foam. While typically having the
highest insulating and sealing effectiveness of all insulation materials that we offer, it is also typically the most expensive on an installed basis. Spray foam insulation accounted for approximately 10% of our insulation sales for the nine months
ended September&nbsp;30, 2013. </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>
<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">Cellulose Insulation &#150; Cellulose insulation is made primarily of paper and cardboard and has a very high recycled content. Cellulose is only available in loosefill form and is blown into the structure with
specialized equipment. Cellulose insulation accounted for approximately 5% of our insulation sales for the nine months ended September&nbsp;30, 2013. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Insulation Installation Applications </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Local building
codes typically require insulation to be installed in multiple areas of a structure. Each of these areas is frequently referred to as a phase of the insulation installation process and requires a separate trip to the job site by our installers at
different points in the construction of a structure. Building practice and the inspection process differ geographically and call for our involvement at different times during the construction process. We provide installation of insulation and
sealant materials in all areas of a structure, which could include: </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>
<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">Building Envelope &#150; We insulate the exterior walls of both residential and commercial structures by applying insulation on the wall or between the studs. </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">70 </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>
<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">Attic &#150; We insulate the attics of new and existing residential structures. The attic is the area where the most energy is lost in a home. </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>
<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">Basement and Crawl Space &#150; These spaces typically account for the second most energy loss in a structure. </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>
<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">Acoustical &#150; Many builder or architect specifications call for acoustical insulation for sound reduction purposes in both residential and commercial structures. This product is generally installed in the interior
walls to isolate sound transmission. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In each of these applications, we typically use fiberglass batts, except in attic insulations where we
typically install loosefill fiberglass. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Garage Doors </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We install and service garage doors and openers in certain of our locations for residential and commercial new construction builders, homeowners and commercial
customers. We offer a variety of options from some of the best-known garage door brands. We offer steel, aluminum, wood and vinyl garage doors as well as opener systems. Unlike the other products we install, the garage door business has an ongoing
aftermarket service component. Garage door installations and service comprised approximately 8% of our net revenue for the nine months ended September&nbsp;30, 2013. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Shower Doors, Shelving and Mirrors </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Some of our locations
install a variety of shower enclosures, ranging from basic sliding door designs to complex custom designs. We have the ability to meet our customers&#146; diverse needs by customizing shower enclosures by size and style according to their
specifications, such as framing, hardware and glass options. We design and install closet shelving systems in select markets utilizing some of the highest quality products available from national brands. We also offer standard and custom designed
mirrors for our customers. Shower doors, closet shelving and mirror installations comprised approximately 6% of our net revenue for the nine months ended September&nbsp;30, 2013. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rain Gutters </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Some of our locations install a wide range
of rain gutters, which direct water from a home&#146;s roof away from the structure and foundation. Rain gutters are typically constructed from aluminum or copper and are available in a wide variety of colors, shapes and widths. They are generally
fabricated and assembled on the job site using specialized equipment. The installation of rain gutters comprised approximately 6% of our net revenue for the nine months ended September&nbsp;30, 2013. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other Building Products </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Some of our locations install
pre-fabricated fireplaces, waterproofing and other complementary building products. Installation of other building products comprised approximately 6% of our net revenue for the nine months ended September&nbsp;30, 2013. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Sales and Marketing </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We seek to attract and retain
customers through exceptional customer service, superior installation quality, broad service offerings and competitive pricing. Our strategy is centered on building and maintaining these strong customer relationships. We also capitalize on
cross-selling opportunities from existing customer relationships and identifying situations where customers may benefit from more than one of our installation service offerings. By executing this strategy, we believe we can continue to generate
incremental sales volumes with new and existing customers. </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">71 </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">Experienced sales and service professionals are important to our customer growth and increasing our
profitability. Retaining and motivating local employees has been an important component of our acquisition and operating strategies. As of September&nbsp;30, 2013, we employed approximately 280 sales professionals and our sales force has spent an
average of more than 10 years with our operations. The local sales staff, which is generally led by the branch manager, is responsible for maintaining relationships with our customers. These local teams work diligently to increase sales by
supporting our existing customers with excellent service and value while also pursuing new customers with competitive offerings. In addition to the efforts of our sales staff, we market our product and service offerings on the Internet, in the local
yellow pages and through advertisements in trade journals. We conduct substantially all of our marketing through local trademarks and trade names. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Quality Control and Safety </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our quality control process
starts with the initial proposal. Our sales staff and managers are knowledgeable about our service offerings and scope of work. They are trained on the manufacturer&#146;s guidelines as well as state and local building codes. Our quality control
programs emphasize onsite inspections, training by manufacturers and various certification programs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We consider risk management and safety to be a core
business objective. Significant staffing, funding and other resources are allocated to our management systems that directly impact quality and safety for our employees and our customers. Our branch managers are held accountable for the safety of
employees and quality of workmanship at their locations. We provide our employees with on-going training and development programs necessary to generate best in class work quality and safety performance. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CUSTOMERS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We serve a broad group of national, regional
and local homebuilders, multi-family and commercial builders, individual homeowners and repair and remodeling contractors. Our top ten customers, which are a combination of national and regional builders, accounted for approximately 10.5% of net
revenue for the year ended December&nbsp;31, 2012. No single customer accounted for more than 3% of net revenue during the year ended December&nbsp;31, 2012 or the nine months ended September&nbsp;30, 2013. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BACKLOG </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Due to our customers&#146; strict demand for
timely installation of our products, our installation jobs are scheduled and completed within a short timeframe. We do not consider backlog material to our business. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SUPPLIERS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have long-term relationships with many of
our suppliers and have not experienced any significant disruption in the supply of any of the primary materials we purchase and install. As one of the largest purchasers of fiberglass and spray foam insulation in the United States, we maintain
particularly strong relationships with the largest manufacturers of these insulation products. Additionally, the proximity of certain of our branch locations to insulation manufacturers&#146; facilities provides additional mutual benefits, including
opportunities for cost savings and joint planning regarding future production. We also maintain good relationships with suppliers of the non-insulation products we install. We believe that the pricing, terms and rebates we receive from our
suppliers, as well as supply assurance, are favorable. We have found that using multiple suppliers helps to ensure a stable source of materials and favorable purchasing terms as suppliers compete to gain and maintain our business. In addition, our
national purchasing volumes provide leverage with suppliers. We will continue to pursue additional procurement cost savings and purchasing synergies. </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">72 </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>SEASONALITY </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We tend to have higher sales during the second half of the year as our homebuilder customers complete construction of homes placed under contract for sale in
the traditionally stronger spring selling season. In addition, some of our larger branches operate in states more impacted by winter weather and as such experience a slowdown in construction activity during the first quarter of the calendar year.
This winter slowdown contributes to traditionally lower sales in our first quarter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The composition and level of our working capital typically change
during periods of increasing sales as we carry more inventory and receivables, although this is generally offset in part by higher trade payables to our suppliers. Working capital levels typically increase in the summer and fall seasons due to
higher sales during the peak of residential construction activity. The subsequent collection of receivables and reduction in inventory levels during the winter months has typically positively impacted cash flow. In the past, from time to time, we
have utilized our borrowing availability under our credit facilities to cover short-term working capital needs. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>COMPETITION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe that competition in our industry is based on quality and timeliness of service, knowledge of local building codes, pricing, relationships and
reputation in the market. We are the second largest new residential installer of insulation in the United States based on our internal estimates. The building products installation industry is highly fragmented. The markets for our non-insulation
installation services are even more fragmented than the markets for insulation installation services. Our competitors include two other large national contractors, several large regional contractors and numerous local contractors. Some of our
competitors have greater financial and other resources than we do. We believe we will continue to effectively compete in our local markets given our long standing customer relationships, access to capital, tenure and quality of local staff, quality
installation reputation and competitive pricing. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>EMPLOYEES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of September&nbsp;30, 2013, we had approximately 3,100 employees, consisting of approximately 2,200 installers, 280 sales professionals, 130 production
personnel and 460 administrative and management personnel. Less than 20 of our employees are covered under collective bargaining agreements. We have never experienced a work stoppage or strike and we believe that we have good relations with our
employees. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>INFORMATION TECHNOLOGY </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">JobCORE is our
web-enabled internal software technology. The system is designed to operate our business in a highly efficient manner and manage our operations. In addition, we integrate jobCORE into our acquired operations. The jobCORE software provides in-depth,
real-time financial performance data from each branch to the corporate office. JobCORE is currently used in substantially all of our branches and provides us, our branch managers and our salespeople with an important operational tool for monitoring
branch level performance. It assists management in assessing important business questions, including customer analysis, sales staff analysis, branch analysis and other operating activities. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>INTELLECTUAL PROPERTY </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We possess intellectual property
rights, including trademarks, trade names and know-how and other proprietary rights that are important to our business. In particular, we maintain registered trademarks and trade names, some of which are the trademarks and trade names under which
many of our local branches operate. While we do not believe our business is dependent on any one of our trademarks or trade names, we believe that our trademarks and trade names are important to the development and conduct of our business as well as
to the local marketing of our services. We also maintain domain name registration for each of our local branch websites. We make </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">73 </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">
efforts to protect our intellectual property rights, however the actions taken by us may be inadequate to prevent others from using similar intellectual property. In addition, third parties may
assert claims against our use of intellectual property and we may be unable to successfully resolve such claims. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PROPERTIES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Real Property </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We lease office and warehouse space in 32
states, including our headquarters in Columbus, Ohio. Our properties range in size from approximately 650 square feet to approximately 90,000 square feet. Our leases are typically short term in duration with customary extensions at our option. We
also own two adjoining properties in Mars, Pennsylvania. We believe suitable alternative space is available in all of our markets. The table below summarizes our locations, as of September&nbsp;30, 2013. All locations are leased unless otherwise
indicated. </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="31%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>State</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of</B><br><B>Locations</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Approximate<BR>Total Square<BR>Footage</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>State</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of</B><br><B>Locations</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Approximate<BR>Total Square<BR>Footage</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Alabama</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Mississippi</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,900</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">California</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,428</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Nebraska</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,192</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Colorado</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,405</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">New&nbsp;Hampshire</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,096</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Connecticut</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,285</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">New York</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">8</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Delaware</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,625</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">North&nbsp;Carolina</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,110</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Florida</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Ohio</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">262,283</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Georgia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,488</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Oklahoma</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,547</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Illinois</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,335</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Oregon</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,330</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Indiana</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">9</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184,129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Pennsylvania</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3*</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kentucky</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">South Carolina</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,775</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Louisiana</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Tennessee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Maine</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Texas</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69,415</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Maryland</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,710</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Vermont</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Massachusetts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,303</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Virginia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michigan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Washington</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,247</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Minnesota</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,540</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Wisconsin</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,640</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">We own two adjoining properties in Mars, Pennsylvania. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Fleet </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of September&nbsp;30, 2013, our fleet consisted of approximately 1,900 total vehicles, which are comprised of approximately 1,600 installation vehicles,
which our installers use to deliver and install products from our local locations to job sites, and approximately 300 other vehicles that are utilized by our sales staff and branch managers. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ENVIRONMENTAL AND OTHER REGULATORY MATTERS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are
subject to various federal, state and local government regulations applicable in the jurisdictions in which we operate, including laws and regulations relating to our relationships with our employees, public health and safety, work place safety,
transportation, zoning and fire codes. We strive to operate in accordance with applicable laws, codes and regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our transportation operations are
subject to the regulatory jurisdiction of the DOT, which has broad administrative powers. We are also subject to safety requirements governing interstate operations prescribed by the DOT. Vehicle dimension and weight and driver hours of service also
are subject to both federal and state regulation. Our operations are also subject to the regulatory jurisdiction of OSHA, which has broad administrative powers regarding workplace and jobsite safety. </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">74 </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">Our operations and properties are also subject to federal, state and local laws and regulations relating to the
use, storage, handling, generation, transportation, treatment, emission, release, discharge and disposal of hazardous or toxic materials, substances and wastes and petroleum products and the investigation, remediation, removal and monitoring of the
presence or release of such materials, substances, wastes and petroleum products, including at currently or formerly owned or occupied premises and off-site disposal locations. We have not previously incurred material costs to comply with
environmental laws and regulations. However, we could be subject to material costs, liabilities or claims relating to environmental compliance in the future, especially in the event of changes in existing laws and regulations or in their
interpretation or enforcement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As the nature of our business involves the use or handling of certain potentially hazardous or toxic substances, including
spray foam applications and lead-based paint, we may be held liable for claims alleging injury or damage resulting from the release of or exposure to such substances, as well as claims relating to the presence of mold, fungal growth and moisture
intrusion alleged in connection with our business activities. In addition, as owners and lessees of real property, we may be held liable for, among other things, releases of hazardous or toxic substances or petroleum products on, at, under or
emanating from currently or formerly owned or operated properties, or any off-site disposal locations, or for any known or newly discovered environmental conditions at or relating to any of our properties, including those arising from activities
conducted by previous occupants or at adjoining properties, without regard to whether we knew of or were responsible for such release. We may be required to investigate, remove, remediate or monitor the presence or release of such hazardous or toxic
substances or petroleum products and may be held liable by a governmental entity for fines and penalties or to any third parties for damages, including for bodily injury, property damage and natural resource damage in connection with the presence or
release of hazardous or toxic substances or petroleum products. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To date, costs to comply with applicable laws and regulations relating to pollution or
the protection of human health and safety, the environment and natural resources have not had a material adverse effect on our financial condition or operating results, and we do not anticipate incurring material expenditures to comply with
environmental laws and regulations in the current fiscal year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In conjunction with our lease agreements and other transactions, we often provide
reasonable and customary indemnifications relating to various matters, including environmental issues. To date, we have not had to pay a material amount pursuant to any such indemnification obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, our suppliers are subject to various laws and regulations, including in particular, environmental laws and regulations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>LEGAL PROCEEDINGS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A class action lawsuit was filed on
February&nbsp;11, 2013 and an amended complaint was filed on May&nbsp;15, 2013 in the Superior Court of King County, Washington, against us, alleging violations of Washington State wage and hour laws for failure to pay prevailing and minimum wage
and overtime wages. The plaintiffs are former insulation installers for Installed Building Products II, LLC, one of our subsidiaries, who seek to represent all similarly situated workers who they allege were not paid for all time worked on various
prevailing wage and commercial insulation projects. The plaintiffs seek all unpaid wages including minimum wage and overtime pay, double damages for a willful violation of the law and litigation costs and fees. In October 2013, the court issued an
order certifying the putative class and in November 2013 ordered that all class members be notified. In December 2013, we appealed the court&#146;s orders. On January 14, 2014, the parties mediated the case. The parties have agreed in principle to a
settlement that is subject to court approval. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A lawsuit was filed on July&nbsp;23, 2013 in federal court in the Middle District of Tennessee against TCI
d/b/a Installed Building Products of Nashville, alleging unpaid overtime and failure to pay lawful wages under federal law, Tennessee common law and in unjust enrichment and breach of an alleged contract. The named plaintiffs are
</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">75 </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">
former insulation installers of TCI, one of our subsidiaries, who allege they and similarly situated workers performed work beyond forty hours in a week for which they were not paid time and a
half their regular hourly wage. Plaintiffs seek to have this case certified as a collective action under the Fair Labor Standards Act and as a class action under Tennessee law. They seek reimbursement of the overtime wages for all time worked over
forty hours each week, as well as liquidated damages and litigation costs and fees. We filed an answer denying the material allegations in the complaint. The parties have agreed in principle to a settlement that is subject to court approval. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, we are involved in various claims and lawsuits incidental to the conduct of our business in the ordinary course. We carry insurance coverage in
excess of our self-insured coverage, which we believe to be reasonable under the circumstances, although insurance may or may not cover any or all of our liabilities in respect of claims and lawsuits. We do not believe that the ultimate resolution
of these matters individually or in the aggregate will have a material adverse effect on our consolidated financial position, results of operations or cash flows. </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">76 </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_11"></A>Management </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>EXECUTIVE OFFICERS AND DIRECTORS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Set forth below are the
names, ages and positions of our executive officers and directors as of January&nbsp;1, 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="32%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="62%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="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" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Age</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:52.55pt; font-size:8pt; font-family:Times New Roman"><B>Position(s) held</B></P></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jeffrey W. Edwards</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">50</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">President, Chief Executive Officer and Chairman</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michael T. Miller</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">49</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Executive Vice President, Chief Financial Officer and Director</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jay P. Elliott</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">52</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chief Operating Officer</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">J. Michael Nixon</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">68</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Steven G. Raich</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">40</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Margot L. Carter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">46</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director Nominee</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lawrence A. Hilsheimer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">56</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director Nominee</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Janet E. Jackson</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">61</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director Nominee</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michael H. Thomas</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">64</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director Nominee</TD></TR>
</TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CERTAIN SIGNIFICANT EMPLOYEES </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="32%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="62%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="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" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Age</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:52.55pt; font-size:8pt; font-family:Times New Roman"><B>Position(s) held</B></P></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">W. Jeffrey Hire</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">62</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">President of External Affairs</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">William W. Jenkins</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">57</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director of Internal Audit</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">R. Scott Jenkins</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">58</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Regional President</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Matthew J. Momper</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">53</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Regional President</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Warren W. Pearce</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">55</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Regional President</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Randall S. Williamson</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">51</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Regional President</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BIOGRAPHICAL INFORMATION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Executive Officers and Directors </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Jeffrey W.
Edwards</I> is our President, Chief Executive Officer and Chairman and has held these positions since 2011, 2004 and 1999, respectively. Mr.&nbsp;Edwards&#146; position allows him to advise the board of directors on management&#146;s perspective
over a full range of issues affecting our company. Prior to joining us, he acted as an officer and strategist for the Edwards Companies. Since 1988, Mr.&nbsp;Edwards has been involved in the launch of many business ventures as well as commercial
real estate developments in central Ohio. He holds a B.S. in Marketing from Miami University. We believe that Mr.&nbsp;Edwards&#146; leadership, executive, managerial and business experience, along with his more than 25 years of experience in the
field, qualify him to be a member of our board of directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Michael T. Miller</I> has served as our most senior financial officer since he joined us
in 2000 as our Executive Vice President &#150; Finance, has been our Chief Financial Officer since July 2013 and has served as a director since March 2004. Prior to joining us, he held the position of Senior Vice President/Managing Director
responsible for Corporate Investment Banking at Huntington Capital Corp., a subsidiary of Huntington Bancshares, Inc., a regional bank holding company. Before joining Huntington in 1991, Mr.&nbsp;Miller held various positions with Deutsche Bank and
CIBC in New York. Mr.&nbsp;Miller began his career at First Union National Bank in Charlotte, North Carolina. Mr.&nbsp;Miller holds a B.A. from Wake Forest University. We believe that Mr.&nbsp;Miller&#146;s extensive experience with us in the
building products industry, background in finance and knowledge of financial reporting make him qualified to serve as a member of our board of directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Jay P. Elliott</I> has been our Chief Operating Officer since August 2013.&nbsp;Since joining us in April 2002 as Regional Operations and Business
Integrations Manager, Mr.&nbsp;Elliott has led our acquisition integration process and overseen various corporate functions. Prior to joining us, Mr.&nbsp;Elliott worked with E&amp;Y Corporate Finance, LLC in restructuring advisory
services.&nbsp;Mr.&nbsp;Elliott&#146;s experience includes ten years with Owens Corning in several roles including new business development, market management and corporate strategic 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">77 </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">
Additionally, he spent three years with IBM and began his career with Westinghouse Electric Corp.&nbsp;Mr.&nbsp;Elliott earned an M.B.A. from Cornell University Johnson Graduate School of
Management, a B.E. from Dartmouth College Thayer School of Engineering, and an A.B. from Colgate University.</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Non-executive Directors </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>J. Michael Nixon </I>has served as a director since December 2012. Mr.&nbsp;Nixon is the founder of TCI Contracting, LLC, one of our indirect subsidiaries,
where he has served as the chief executive officer since 2006. Prior to establishing TCI Contracting, LLC, he founded and led Quality Insulation Inc., a Connecticut-based insulation installer, over a thirty year period. In addition, Mr.&nbsp;Nixon
is the owner of Hawks Ridge Golf Club in Ball Ground, Georgia. In 2010, Mr.&nbsp;Nixon was appointed to the Cherokee County Airport Authority, and in 2011, he was appointed to the Georgia Properties Commission. We believe that Mr.&nbsp;Nixon&#146;s
extensive experience and leadership in the building products installation industry makes him qualified to serve as a member of our board of directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Steven G. Raich</I> has served as a director since November 2011. Mr.&nbsp;Raich became a partner of Littlejohn in January 2008 after having been with the
firm since 2000. Mr.&nbsp;Raich joined Littlejohn from Golub Capital, a private equity and debt fund where he analyzed new investment opportunities and worked with portfolio company managers. Previously, Mr.&nbsp;Raich was at Ernst&nbsp;&amp; Young
LLP in the mergers and acquisitions advisory services group. Mr.&nbsp;Raich received an M.B.A. from the Stern School of Business at N.Y.U. and an A.B. from Duke University. We believe that Mr.&nbsp;Raich&#146;s extensive experience in corporate
strategy, finance and acquisitions makes him qualified to serve as a member of our board of directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Margot L. Carter</I> will serve as one of our
directors upon the completion of this offering. Mrs.&nbsp;Carter is Executive Vice President, Chief Legal Officer and Secretary for RealPage, Inc., a leading provider of comprehensive property management software solutions in the multifamily,
commercial and single-family rental housing industries. Prior to joining Realpage in 2010, Mrs.&nbsp;Carter served as Founder and President of Living Mountain Capital L.L.C., a business advisory consulting firm she founded in 1998 specializing in
corporate development, strategic alliances, acquisitions, board directorships and restructurings. From June 2004 to August 2007, Mrs.&nbsp;Carter was Executive Vice President, General Counsel and Secretary at The Princeton Review, Inc. through its
share issuance to Bain&nbsp;Capital Venture Investors, LLC. From February 2003 to March 2004, Mrs.&nbsp;Carter was Executive Vice President, General Counsel, Managing Director and Secretary at Soundview Technology Group, Inc. through its sale to The
Charles Schwab Corporation and from November 2001 to January 2003, Mrs.&nbsp;Carter served as Vice President, Assistant General Counsel and Assistant Secretary of Cantor Fitzgerald and its affiliate eSpeed, Inc., which was acquired by BGC Partners,
Inc. Mrs.&nbsp;Carter received her B.A. in economics and history from SUNY Binghamton and her J.D. from Fordham University School of Law. We believe Mrs.&nbsp;Carter&#146;s significant business and finance, general counsel and public company
experience make her qualified to serve as a member of our board of directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Lawrence A. Hilsheimer</I> will serve as one of our directors upon the
completion of this offering. Since April 2013, Mr. Hilsheimer has served as Executive Vice President and Chief Financial Officer of The Scotts Miracle-Gro Company, where he has overall responsibility for corporate and operating finance
functions.&nbsp;Prior to joining Scotts, from 2007 to 2013, Mr. Hilsheimer served in various roles at Nationwide Mutual Insurance Company, starting as Executive Vice President and Chief Financial Officer through 2009, followed by President and Chief
Operating Officer roles for multiple business units, including Nationwide Direct and Customer Solutions and, most recently, Nationwide Retirement Plans. Prior to joining Nationwide, Mr. Hilsheimer was Vice Chairman and Regional Managing Partner of
Deloitte &amp; Touche USA, LLP. Mr. Hilsheimer holds a B.A. in business administration from Fisher College of Business at The Ohio State University and a J.D. from Capital University Law School. Mr. Hilsheimer sits on the Dean&#146;s Advisory
Council at the Fisher College of Business and on the Audit and Compliance Committee of The Ohio State University Board of Trustees. We believe that Mr. Hilsheimer&#146;s broad business background and corporate finance experience, including as a
chief financial officer with responsibility and accountability for all corporate and operating finance functions, make him qualified to serve as a member of our board of directors. </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">78 </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"><I>Janet E. Jackson</I> will serve as one of our directors upon the completion of this offering. Since
January 2003, Ms.&nbsp;Jackson has served as President and Chief Executive Officer of United Way of Central Ohio, one of the largest United Way organizations in the country. Prior to joining United Way, Ms. Jackson served as Columbus City Attorney
in Columbus, Ohio from 1997 to 2003, where she represented all municipal entities and oversaw the criminal prosecution of misdemeanors. Before her appointment as Columbus City Attorney, Ms. Jackson served for nearly ten years as a Franklin County
Municipal Court Judge. Ms. Jackson was the first woman and the first African American to hold her position at United Way and to be elected as Columbus City Attorney, and the first African American female judge in Franklin County history. Ms. Jackson
holds a B.A. in history from Wittenberg University in Springfield, Ohio and a J.D. from the National Law Center at The George Washington University in Washington, D.C. We believe Ms. Jackson&#146;s significant leadership experience, as well as
extensive strategy and legal background, make her qualified to serve on our board of directors. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Michael H. Thomas</I> will serve as one of our
directors upon the completion of this offering. Since joining Stonehenge Partners, Inc. in 1999, Mr. Thomas has been responsible for providing counsel as it relates to matters of investment origination, portfolio asset management and disposition of
investments. Prior to joining Stonehenge, Mr. Thomas co-founded and served as Executive Vice President and Treasurer of JMAC, Inc., the holding and investment company of the McConnell family of Worthington, Ohio. His activities at JMAC included
direct investment in the financial services, publishing, health care, real estate and manufacturing sectors. He was also responsible for the McConnell family&#146;s financial, estate and income tax planning. From 1971 to 1980, Mr. Thomas worked for
Ernst and Young LLP, managing its Columbus, Ohio tax practice. Mr. Thomas holds a B.A. in business administration from the University of Notre Dame. Mr. Thomas previously served as one of our directors from 2004 to 2011. We believe Mr. Thomas&#146;
significant business and investment experience, knowledge of our business, and accounting background make him qualified to serve as a member of our board of directors. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Significant Employees </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>W. Jeffrey Hire
</I>joined us in late 2008, and was named President of External Affairs in December 2013. His responsibilities include working with our largest customers, our major suppliers and industry associations. Prior to joining us, Mr.&nbsp;Hire held
numerous management positions at Owens Corning from 1978 to 2008. From 2006 to 2008, he served as Director of Products and Programs for the Insulating Systems Business, developing product innovations and value-added customer programs. For eleven
years prior to that, Mr.&nbsp;Hire was General Manager of the Insulation Contractor Segment of the Residential Insulation Division. Mr.&nbsp;Hire earned a B.S. in Philosophy from University of Mount Union in Alliance, Ohio and an M.B.A. specializing
in General Management from The University of St. Thomas Opus College of Business in St. Paul, Minnesota. He serves on the Board of Directors of the Insulation Contractors Association of America and has served as a Committee Chairman for the North
American Insulation Manufacturers Association. Mr.&nbsp;Hire received the Insulation Contractors Association of America&#146;s &#147;Key Man&#148; award for his leadership and dedication to the industry.<I> </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>William W. Jenkins</I> has been our Director of Internal Audit since September 2013. Previously, Mr.&nbsp;Jenkins served as a Regional President from 2011
to 2013 and as our President from 1998 to 2011. Prior to joining us, Mr.&nbsp;Jenkins held senior management positions with Midwest Wholesale Building Materials, a building products wholesaler and BuyOhio Realtors. Mr.&nbsp;Jenkins began his career
with Ernst&nbsp;&amp; Young LLP, where he progressed to become a Senior Manager, specializing in audits of publicly held and privately held insurance, wholesale distribution and fast-food companies.&nbsp;Mr.&nbsp;Jenkins graduated from The Ohio
State University with a B.S. and became a licensed CPA in the State of Ohio. He is currently a member of the American Institute of Certified Public Accountants. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>R. Scott Jenkins</I> has been a Regional President since October 2006 when we acquired OJ Insulation, Inc., which he co-founded in 1984.&nbsp;During his
22-year tenure at OJ Insulation, as owner and Chief Executive Officer, Mr.&nbsp;Jenkins was responsible for numerous strategic acquisitions and significant company growth.&nbsp;Since joining us, Mr.&nbsp;Jenkins has taken on the management of
operations in certain states, including Texas, Washington and </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">79 </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">
California. Mr.&nbsp;Jenkins received a B.A. in Social Science from the University of California at Irvine and has been an active member of Vistage International CEO Organization since 2004. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Matthew J. Momper</I> has been a Regional President since 2008.&nbsp;Prior to joining us, Mr.&nbsp;Momper served as President of Momper Insulation Inc., a
family business, which he joined in 1984.&nbsp;Mr.&nbsp;Momper was responsible for significant growth of Momper Insulation Inc., and the strategic decision to join that company with us in 1998.&nbsp;Since joining us, Mr.&nbsp;Momper has taken on the
management of operations in certain states, including Indiana, Ohio and Illinois. Mr.&nbsp;Momper received a B.S. from Ball State University and an M.B.A. from Drake University. He currently serves on the Board of Trustees for Ball State University
and the Board of Directors for the Allen County Building Department. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Warren W. Pearce</I> has been a Regional President since 2011.&nbsp;From 2004 to
2011, Mr.&nbsp;Pearce was Vice President of Operations for Masco Corporation, where he held various other positions beginning in 1989. Prior to joining Masco, Mr.&nbsp;Pearce began his career at Carroll Insulation and later served as branch manager
at American Aluminum Insulation.&nbsp;Since joining us, Mr.&nbsp;Pearce has taken on the management of operations in certain key states, including Ohio, Indiana and Maryland. Mr.&nbsp;Pearce received from Kent Votech his Electrical Apprenticeship
certification. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Randall S. Williamson</I> has been a Regional President since 2001.&nbsp;Mr.&nbsp;Williamson began his career in 1981 at Monroe
Insulation and Gutter Company Incorporated, or Monroe, where he progressed to become Vice President in 1992.&nbsp;In 1996, Mr.&nbsp;Williamson purchased Monroe and merged it with other companies to form American Building Systems, Inc., where he
served as President until 2001. American Building Systems, Inc. merged with us in 2001. Mr.&nbsp;Williamson has taken on the management of operations in certain states, including Massachusetts, New York and Michigan. Mr.&nbsp;Williamson attended
Colorado State University and serves on the board of governors for U.S. Grown Foods. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>COMPOSITION OF THE BOARD OF DIRECTORS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">After the completion of this offering, our board of directors will be comprised of eight directors, four of whom were designated by our stockholders pursuant
to the board designation provisions of our Stockholders Agreement dated November&nbsp;4, 2011, as amended, or our Stockholders Agreement. Upon the completion of this offering, these board designation provisions of our Stockholders Agreement will
terminate. See &#147;Certain Relationships and Related-Party Transactions&#151;Stockholders Agreement.&#148; Mrs. Carter, Mr. Hilsheimer, Ms.&nbsp;Jackson and Mr. Thomas have agreed to become members of our board of directors upon completion of this
offering. After this offering, we expect to add one additional director to our board of directors who will be &#147;independent&#148; as defined in the NYSE listing rules. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our business and affairs are managed under the direction of our board of directors. Our amended and restated bylaws provide that the authorized size of our
board of directors is to be determined from time to time by resolution of the board of directors. The authorized number of directors may be changed by resolution duly adopted by at least a majority of our entire board of directors then in office,
although no decrease in the authorized number of directors will have the effect of removing an incumbent director from our board of directors until the incumbent director&#146;s term of office expires. Vacancies on our board of directors can be
filled by resolution of our board of directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon the completion of this offering, our board of directors will be divided into three classes, each
serving staggered, three-year terms: </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>
<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">Our class I directors will be Mr. Miller, Mr. Nixon and Mr. Raich, and their terms will expire at the first annual meeting of stockholders following the date of this prospectus; </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>
<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">Our class II directors will be Mrs. Carter and Mr. Thomas, and their terms will expire at the second annual meeting of stockholders following the date of this prospectus; and </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">80 </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>
<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">Our class III directors will be Mr. Edwards, Mr. Hilsheimer and Ms.&nbsp;Jackson, and their terms will expire at the third annual meeting of stockholders following the date of this prospectus. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As a result, only one class of directors will be elected at each annual meeting of stockholders, with the other classes continuing for the remainder of their
respective terms. </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; font-size:10pt; font-family:Times New Roman">Based
upon information requested from and provided by each director and director nominee concerning his or her background, employment and affiliations, our board of directors has determined that each of Mrs. Carter, Mr.&nbsp;Hilsheimer, Ms.&nbsp;Jackson
and Mr. Thomas, each of whom has agreed to become a member of our board of directors upon completion of this offering, have no material relationship that would interfere with the exercise of independent judgment and is &#147;independent&#148; as
defined in the NYSE listing rules. We intend to rely on the NYSE transition rules, which provide for phase-in compliance for companies listing in connection with their initial public offering. Accordingly, we intend to have a majority of our board
comprised of independent directors within one year of our listing. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The SEC rules and NYSE listing rules require that at least one member of our
audit committee be independent as of the date of this prospectus and that each of our audit, compensation and nominating and corporate governance committees be comprised of a majority of independent directors within 90 days of our listing and solely
of independent directors within one year of our listing. We intend to comply with these transition rules. </P> <P STYLE="margin-top:18pt; 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; font-size:10pt; font-family:Times New Roman">Jeff Edwards serves as our President, Chief Executive Officer and Chairman.&nbsp;The positions of chairman of the board and chief executive officer have
historically been combined at our company. We believe a combined chairman and chief executive officer role helps provide strong, unified leadership for our management team and board of directors. In addition, our customers, stockholders, suppliers
and other business partners view our chairman and chief executive officer as a leader in our industry. While our amended and restated bylaws and corporate governance guidelines do not require that our chairman and chief executive officer positions
be combined, our board of directors believes that having a combined position is the appropriate leadership structure for us at this time. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ROLE OF OUR
BOARD OF DIRECTORS IN RISK OVERSIGHT </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Risk assessment and oversight are an integral part of our governance and management processes. Our board of
directors encourages management to promote a culture that incorporates risk management into our corporate strategy and day-to-day business operations. Management discusses strategic and operational risks at regular management meetings, and conducts
specific strategic planning and review sessions during the year that include a focused discussion and analysis of the risks facing us. Throughout the year, senior management reviews these risks with the board of directors at regular board meetings
as part of management presentations that focus on particular business functions, operations or strategies, and presents the steps taken by management to mitigate or eliminate such risks. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our board of directors does not have a standing risk management committee, but rather administers this oversight function directly through our board of
directors as a whole, as well as through various standing committees of our board of directors that address risks inherent in their respective areas of oversight. In particular, our board of directors is responsible for monitoring and assessing
strategic risk exposure. Our audit committee is responsible for overseeing our major financial risk exposures and the steps our management has taken to monitor and control these exposures and our compensation committee assesses and monitors whether
any of our compensation policies and programs has the potential to encourage unnecessary risk-taking. In addition, upon completion of this offering, our audit committee will oversee the performance of our internal audit function and consider and
approve or disapprove any related-party transactions and our nominating and governance committee will monitor the effectiveness of our corporate governance guidelines. </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">81 </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>COMMITTEES OF OUR BOARD OF DIRECTORS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">After completion of this offering, the standing committees of our board of directors will consist of an audit committee, compensation committee and nominating
and corporate governance committee. The board of directors will adopt written charters for the audit committee, compensation committee and nominating and corporate governance committee, which will be available on our website upon the completion of
this offering. In addition, from time to time, special committees may be established under the direction of our board of directors when necessary to address specific issues. The information contained in, or that can be accessed through, our websites
is not incorporated by reference and is not a part of this prospectus. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Audit Committee </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our audit committee will oversee our corporate accounting and financial reporting process. Upon completion of this offering, the audit committee will be
responsible for, among other things: </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>
<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">appointing our independent registered public accounting firm; </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>
<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">evaluating the independent registered public accounting firm&#146;s qualifications, independence and 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>
<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">determining the engagement of the independent registered public accounting firm; </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>
<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">reviewing and approving the scope of the annual audit and the audit fee; </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>
<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">reviewing and discussing the adequacy and effectiveness of our accounting and financial reporting processes and internal controls and the audits of our financial statements; </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>
<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">reviewing and approving, in advance, all audit and non-audit services to be performed by our independent auditor, taking into consideration whether the independent auditor&#146;s provision of non-audit services to us is
compatible with maintaining the independent auditor&#146;s 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>
<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">monitoring and ensuring the rotation of partners of the independent registered public accounting firm on our engagement team as required by law; </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>
<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">establishing and overseeing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or auditing matters, including procedures for the
confidential, anonymous submission by our employees regarding questionable accounting or auditing matters and reviewing such complaints; </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>
<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">reviewing and approving related-party transactions for potential conflict of interest situations on an ongoing basis; </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>
<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">investigating any matter brought to its attention within the scope of its duties and engaging independent counsel and other advisors as the audit committee deems necessary; </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>
<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">reviewing reports to management prepared by the internal audit function, as well as management&#146;s responses; </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>
<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">reviewing our financial statements and our management&#146;s discussion and analysis of financial condition and results of operations to be included in our annual and quarterly reports to be filed with the SEC;
</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>
<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">from time to time reviewing the audit committee charter and the committee&#146;s performance; 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>
<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">handling such other matters that are specifically delegated to the audit committee by our board of directors from time to time. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon completion of this offering, our audit committee will consist of Mr. Hilsheimer, who will serve as chairperson of the committee, Mr. Raich and Mr.
Thomas. All members of our audit committee meet the requirements for financial literacy under the applicable rules and regulations of the SEC and NYSE. Our board of </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">82 </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">
directors has determined that Mr. Hilsheimer is an audit committee financial expert as defined under the applicable rules of the SEC and has the requisite financial sophistication as defined
under the applicable rules and regulations of the NYSE. Under the rules of the SEC and NYSE, members of the audit committee must also meet independence standards under Rule&nbsp;10A-3 of the Exchange Act, subject to the transition rules described
above. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Compensation Committee </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our compensation
committee will review and recommend policies relating to compensation and benefits of our officers, directors and employees. Upon completion of this offering, the compensation committee will be responsible for, among other things: </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>
<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">reviewing and approving the compensation, employment agreements and severance arrangements and other benefits of all of our 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>
<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">reviewing and determining director compensation from time to time in accordance with our amended and restated certificate of incorporation and the applicable NYSE rules; </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>
<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">reviewing and approving, on an annual basis, the corporate goals and objectives relevant to the compensation of our executive officers, and evaluating their performance in light of such goals and objectives;
</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>
<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">reviewing and making recommendations periodically to our board of directors with respect to director compensation, including salary, bonus and equity and non-equity incentive compensation, subject to approval by our
board of directors; </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>
<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">reviewing and discussing with management our Compensation Discussion&nbsp;and Analysis, or CD&amp;A, or such other similar section, and recommending that the CD&amp;A, or such other similar section, if required, be
included or incorporated by reference in our proxy statement and annual report on Form&nbsp;10-K; </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>
<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">reviewing our incentive compensation arrangements to confirm that incentive pay does not encourage unnecessary risk-taking and reviewing and discussing periodically the relationship between risk management policies and
practices, business strategy and our executive officers&#146; compensation; </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>
<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">reviewing and evaluating, at least annually, the performance of the compensation committee and its members, including compliance by the compensation committee with its 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>
<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">retaining or obtaining, in its sole discretion, the advice of a compensation consultant, independent legal counsel or other adviser after taking into consideration the factors required by any applicable requirements of
the Exchange Act and any applicable exchange rules; </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>
<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">maintaining direct responsibility over the appointment, oversight and compensation of compensation consultants, independent legal counsel and other advisers engaged by the compensation committee; </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>
<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">providing for appropriate funding for payment of reasonable compensation to a compensation consultant, legal counsel or any other adviser retained by the compensation committee; 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>
<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">handling such other matters that are specifically delegated to the compensation committee by our board of directors from time to time. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon completion of this offering, our compensation committee will consist of Ms.&nbsp;Jackson, who will serve as chairperson of the committee, Mrs. Carter and
Mr.&nbsp;Thomas. Each of the members of our compensation committee will be independent under the rules of the NYSE, will be a &#147;non-employee director&#148; as defined in Rule&nbsp;16b-3 promulgated under the Exchange Act and will be an
&#147;outside director&#148; as that term is defined in Section&nbsp;162(m) of the Code. </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">83 </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>Nominating and Corporate Governance Committee </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon the completion of this offering, the nominating and corporate governance committee will be responsible for, among other things: </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>
<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">identifying and screening candidates for our board of directors and recommending nominees for election as directors; </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>
<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">establishing procedures to exercise oversight of the evaluation of our board of directors and management; </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>
<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">developing and recommending to our board of directors a set of corporate governance guidelines, as well as reviewing these guidelines and recommending any changes to our board of directors; </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>
<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">reviewing the structure of our board of directors&#146; committees and recommending to our board of directors for its approval directors to serve as members of each committee, and where appropriate, making
recommendations regarding the removal of any member of any committee; </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>
<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">reviewing and assessing the adequacy of its formal written charter on an annual basis; 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>
<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">generally advising our board of directors on corporate governance and related matters. </TD></TR></TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon completion of
this offering, our nominating and corporate governance committee will consist of Mrs.&nbsp;Carter, who will serve as chairperson of the committee, Mr. Hilsheimer and Ms.&nbsp;Jackson. Each of the members of our nominating and corporate governance
committee will be an independent director under the rules of the NYSE relating to nominating and corporate governance committee independence. </P>
<P STYLE="margin-top:18pt; 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; font-size:10pt; font-family:Times New Roman">During 2012, our chief financial officer was a member of our compensation committee and our audit committee. None of our executive officers serves as a member
of the board of directors or compensation committee of any entity that has one or more executive officers serving on&nbsp;our board of directors or compensation committee. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BOARD DIVERSITY </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon completion of this offering, our
nominating and corporate governance committee will be responsible for reviewing with our board of directors, on an annual basis, the appropriate characteristics, skills and experience required for the board of directors as a whole and its individual
members. In evaluating the suitability of individual candidates (both new candidates and current members), the nominating and corporate governance committee, in recommending candidates for election, and the board of directors, in approving (and, in
the case of vacancies, appointing) such candidates, will take into account many factors, including 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>
<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">personal and professional integrity; </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>
<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">ethics and values; </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>
<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">experience in corporate management, such as serving as an officer or former officer of a publicly held 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>
<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">experience in the industries in which we compete; </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>
<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">experience as a board member or executive officer of another publicly held 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>
<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">diversity of expertise and experience in substantive matters pertaining to our business relative to other board members; </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>
<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">conflicts of interest; 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>
<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">practical and mature business judgment. </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">84 </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>FAMILY RELATIONSHIPS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There are no family relationships among any of our executive officers or any of our directors. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CODE OF BUSINESS CONDUCT AND ETHICS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have adopted a
code of business conduct and ethics, effective upon completion of this offering, applicable to all of our employees, officers, directors and consultants, including our principal executive, financial and accounting officers and all persons performing
similar functions.&nbsp;A copy of that code will be available on our website prior to completion of this offering. We expect that any amendments to the code, or any waivers of its requirements, will be disclosed on our website or as required by
applicable law or NYSE listing requirements. </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">85 </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_12"></A>Compensation of our Executive Officers and Directors </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our named executive officers, or the Named Executive Officers, for the year ended December&nbsp;31, 2013, are: </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>
<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">Jeff Edwards, our President, Chief Executive Officer and Chairman; </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>
<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">Michael Miller, our Executive Vice President and Chief Financial Officer; 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>
<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">Jay Elliott, our Chief Operating Officer. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>COMPENSATION OF OUR EXECUTIVE OFFICERS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Summary Compensation Table for the year ended December&nbsp;31, 2013 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table contains information about the compensation paid to or earned by each of our Named Executive Officers during the most recently completed
fiscal year. </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="55%"></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="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:97.90pt; font-size:8pt; font-family:Times New Roman"><B>Name and Principal Position</B></P></TD>
<TD VALIGN="bottom">&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;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Salary<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bonus<BR>($)</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>All Other<BR>Compensation<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jeff Edwards, <I>President, Chief Executive Officer and&nbsp;Chairman</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2013</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">83,077(1)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4,016</TD>
<TD NOWRAP VALIGN="bottom">(2)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">87,093</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;(3)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2,677,247</TD>
<TD NOWRAP VALIGN="bottom">(4)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2,677,247</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michael Miller, <I>Executive Vice President and Chief Financial Officer</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2013</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">201,002</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">18,887</TD>
<TD NOWRAP VALIGN="bottom">(5)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">219,889</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">201,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2,159,701</TD>
<TD NOWRAP VALIGN="bottom">(6)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2,360,701</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jay Elliott, <I>Chief Operating Officer</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2013</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">194,900</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10,409</TD>
<TD NOWRAP VALIGN="bottom">(7)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">205,309</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">190,609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">25,000(8)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">594,386</TD>
<TD NOWRAP VALIGN="bottom">(9)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">809,995</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">From January 1, 2013 through October&nbsp;31, 2013, Mr.&nbsp;Edwards served as a consultant and non-employee officer to us in the capacity of Chief Executive Officer and President. Effective November 1, 2013, we entered
into an employment agreement with Mr. Edwards pursuant to which he continues to serve as our Chief Executive Officer and President in an employee capacity earning an annual base salary of $600,000. The amount in this column reflects amounts earned
upon and following Mr. Edwards&#146;s employment commencement date with us in 2013. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Includes lease administrative costs of $300 and automobile insurance premium costs of $505 for a company-provided vehicle and mobile phone costs of $3,211 paid by us on behalf of Mr. Edwards. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">In 2012, Mr. Edwards served as a consultant and non-employee officer to us in the capacity of Chief Executive Officer and President. As such, he did not receive a salary for 2012. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Includes $2,670,045 paid to Mr. Edwards for his services to us in 2012 pursuant to management agreements involving us and certain of our affiliates. For a description of these agreements, please see the sections of this
prospectus captioned &#147;Certain Relationship and Related-Party Transactions&#151;Management Agreements.&#148; This amount also includes lease fees and maintenance costs of $3,843 for a company-provided vehicle, insurance premium costs of $526 and
mobile phone costs of $2,833 paid by us on behalf of Mr. Edwards. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">Includes 401(k) matching contributions of $4,003, lease payments of $10,762 and automobile insurance premium costs of $505 for a company-provided vehicle, parking costs of $1,452 and mobile phone costs of $2,120 paid by
us on behalf of Mr. Miller. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">In 2011, IBP Investment Holdings, LLC issued an equity award to Mr. Miller. In May 2012, Mr. Miller became entitled to a put right with respect to such award, pursuant to which he could require Mr. Edwards, our
Chairman, Chief Executive Officer and President, to purchase the award during a limited period. Even though the award is in respect of our stockholders&#146; (and not our) equity, under applicable accounting guidance, in 2012 we were required to
recognize the fair value associated with the put right, and, accordingly, recorded the value as non-cash compensation expense included in administrative expenses. The amount in this column includes $2,150,046, representing the fair value associated
with Mr. Miller&#146;s put right. However, the put rights were never exercised and were terminated by Mr. Miller effective November 30, 2013. As such, no amounts were or will be paid under the put rights. The amount in this column also includes
401(k) matching contributions of $4,201, lease fees, taxes and titling costs of $2,720 for a company-provided vehicle, parking costs of $1,452 paid by us, insurance premium costs of $526 paid by us and mobile phone costs of $891 paid by us on behalf
of Mr. Miller. </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">86 </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top">Includes 401(k) matching contributions of $2,924, lease payments of $4,186, fuel reimbursement costs of $732 and automobile insurance premium costs of $198 for a company-provided vehicle, parking costs of $1,452 and
mobile phone costs of $848 paid by us on behalf of Mr. Elliott. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(8)</TD>
<TD ALIGN="left" VALIGN="top">This amount represents a discretionary bonus that was paid to Mr. Elliott for his performance in 2012 and was not based on any special factors. In accordance with the terms of Mr. Elliott&#146;s original offer letter
with us dated February 21, 2002, he was entitled to receive a $25,000 bonus with respect to his initial year of employment with us. Following Mr. Elliott&#146;s initial year of employment with us, even though we were no longer required to pay him an
annual bonus, we continued to pay, on an annual and discretionary basis, a bonus to Mr. Elliott in the amount of $25,000 (including with respect to our 2012 fiscal year). </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(9)</TD>
<TD ALIGN="left" VALIGN="top">In 2010, IBP Management Holdings, LLC issued an equity award to Mr Elliott. In May 2012, Mr. Elliott became entitled to a put right with respect to such award, pursuant to which he could require Mr. Edwards, our
Chairman, Chief Executive Officer and President, to purchase the award during a limited period. Even though the award is in respect of our stockholders&#146; (and not our) equity, under applicable accounting guidance, in 2012 we were required to
recognize the fair value associated with the put right, and, accordingly, recorded the value as non-cash compensation expense included in administrative expenses. The amount in this column includes $588,864, representing the fair value associated
with Mr. Elliott&#146;s put right. However, the put rights were never exercised and were terminated by Mr. Elliott effective November 30, 2013. As such, no amounts were or will be paid under the put rights. The amount in this column also includes
401(k) matching contributions of $3,328, parking costs of $1,452 paid by us and mobile phone costs of $673 paid by us on behalf of Mr.&nbsp;Elliott. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Consulting Agreement with Jeff Edwards </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In March 2004, we
entered into a consulting agreement with Jeff Edwards pursuant to which Mr.&nbsp;Edwards agreed to serve as our Chief Executive Officer in a non-employee capacity. The agreement did not provide Mr.&nbsp;Edwards with any base salary, bonus or
severance entitlements. The agreement provided that the costs of Mr.&nbsp;Edwards&#146; services to us would be covered under separate management agreements involving us and certain of our affiliates, which arrangements are described in the section
of this prospectus captioned &#147;Certain Relationship and Related-Party Transactions&#151;Management Agreements.&#148; Mr.&nbsp;Edwards was entitled to reimbursement for reasonable business expenses incurred in connection with his performance of
services under the consulting agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The consulting agreement provided for an initial term of five years, with automatic three-year renewals unless
either party provided the other party with notice of non-renewal at least 60 days prior to the expiration of the then-current renewal period. Pursuant to the agreement, Mr.&nbsp;Edwards was subject to non-disclosure restrictions that applied during
the term and survive termination of the agreement. The consulting agreement was terminated upon the effective date of Mr.&nbsp;Edwards&#146;s employment agreement, described below. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Employment Agreement with Jeff Edwards </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On
November&nbsp;1, 2013, we entered into an employment agreement with Jeff Edwards pursuant to which Mr.&nbsp;Edwards agreed to continue to serve as our Chief Executive Officer and President in an employee capacity. The agreement provides
Mr.&nbsp;Edwards with a minimum annual base salary of $600,000 and an opportunity to participate in our annual incentive programs, as well as our employee benefit plans and programs, in effect from time to time. The agreement provides for an initial
employment term of three years, with automatic one-year renewals on the expiration date of the initial term and each anniversary thereafter, unless either we or Mr.&nbsp;Edwards provide notice of non-renewal at least 90 days prior to the
commencement of a renewal period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the employment term, Mr.&nbsp;Edwards is required to devote the amount of his business time necessary and proper
to conduct our business and affairs, and use his best efforts to perform faithfully his duties and responsibilities as our Chief Executive Officer and President. However, to the extent such activities do not create a conflict of interest or
substantially interfere with the performance of Mr.&nbsp;Edwards&#146; duties and responsibilities to us, he may (i)&nbsp;manage his personal and family financial and legal affairs, (ii)&nbsp;participate in charitable, civic, educational,
professional, community and industry affairs (including serving on boards or committees of such </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">87 </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">
entities), (iii)&nbsp;serve on the boards of directors of the Salvation Army and the Columbus Museum of Art and (iv)&nbsp;continue to engage in non-competitive operational activities for a real
estate development business in which he participated prior to entering into his employment agreement with us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the event we terminate
Mr.&nbsp;Edwards&#146; employment without &#147;cause&#148; (as defined in the employment agreement) or if Mr.&nbsp;Edwards terminates his employment for &#147;good reason&#148; (as defined in the employment agreement), then, subject to
Mr.&nbsp;Edwards&#146; execution and non-revocation of a release of claims, and further subject to his continued compliance with the restrictive covenants in the employment agreement, we are required to pay him: (i)&nbsp;base salary continuation
payments for 18 months; (ii)&nbsp;any earned and unpaid prior year&#146;s bonus; and (iii)&nbsp;any bonus earned for the year of termination based on actual performance, pro-rated based on the duration of Mr.&nbsp;Edwards&#146; employment during the
year of termination. If any such termination occurs within two years following a change in control (other than as a result of a sale of all of Mr.&nbsp;Edwards&#146; equity interests in us), then the base salary continuation payment period described
in clause (i)&nbsp;above would be 24 months, rather than 18 months. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Edwards is subject to non-competition and customer and employee
non-solicitation restrictions while employed and for two years after termination of his employment, as well as confidentiality restrictions that last during his employment and thereafter. In addition, during his employment and thereafter,
Mr.&nbsp;Edwards has agreed not to disparage us, and we have agreed to instruct our executive officers not to disparage Mr.&nbsp;Edwards. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Employment
Agreement with Jay Elliott </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Effective October&nbsp;1, 2013, we and Jay Elliott agreed to terminate our employment agreement with him pursuant to which
Mr.&nbsp;Elliott served as our Regional Operations&nbsp;&amp; Business Integration Manager. The agreement provided Mr.&nbsp;Elliott with a minimum annual base salary of $175,000 (which, for 2013, was increased to $202,261) and an opportunity to
receive additional compensation in the form of a discretionary bonus pursuant to bonus programs in effect from time to time for similarly situated employees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The employment agreement provided for automatic one-year renewals each year unless either party gave the other party notice of non-renewal at least 60 days
prior to the commencement of a renewal period. In the event we terminated Mr.&nbsp;Elliott&#146;s employment other than for cause or due to death or disability, or if we gave him a notice of non-renewal, the agreement provided that we would pay him
an amount equal to his base salary through the end of the term. Mr.&nbsp;Elliott continues to be employed by us. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Outstanding Equity Awards as of
December&nbsp;31, 2013 </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">None of our Named Executive Officers had equity awards with respect to any of our capital stock outstanding as of
December&nbsp;31, 2013. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>COMPENSATION OF OUR DIRECTORS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the year ended December&nbsp;31, 2013, our directors did not receive any compensation for their services as directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Following the consummation of this offering, we intend to implement a director compensation program pursuant to which our non-employee directors will receive
the following compensation for their service on our board of directors: </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>
<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">An annual retainer of $50,000; </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>
<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">An additional annual retainer of $10,000&nbsp;for serving as chair of the Audit Committee; </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>
<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">An additional annual retainer of $10,000&nbsp;for serving as chair of the Compensation Committee; </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">88 </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>
<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">An additional annual retainer of $10,000 for serving as chair of the Nominating and Corporate Governance Committee; 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>
<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">An annual grant of restricted stock made under the 2014 Omnibus Incentive Plan, or the 2014 Plan, having a fair market value of $50,000, all of which shall vest on the earlier to occur of the one-year anniversary of the
grant date and immediately prior to the first annual meeting of our stockholders occurring after the grant date. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2014 OMNIBUS INCENTIVE
PLAN </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On January&nbsp;30, 2014, in anticipation of this offering, our board of directors adopted and established our 2014 Plan, subject to approval of
our stockholders. Our stockholders approved the 2014 Plan on January&nbsp;30, 2014 (which is the effective date of the 2014 Plan). We believe that a new omnibus incentive plan is appropriate in connection with a public offering of our common stock
in order to enhance our profitability and value for the benefit of our stockholders by enabling us to offer our eligible employees, consultants and non-employee directors incentive awards to attract, retain and reward such individuals and strengthen
the mutuality of interests between such individuals and our stockholders. The material terms of the 2014 Plan are summarized below. The following summary is qualified in its entirety by reference to the complete text of the 2014 Plan, a copy of
which is included as an exhibit to the registration statement of which this prospectus is a part. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Administration of the Plan </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The board of directors has appointed the compensation committee to administer the 2014 Plan. The compensation committee is authorized to grant awards to
eligible employees, consultants and non-employee directors. To the extent required, subject to applicable transition rules, all members of the compensation committee are &#147;non-employee directors&#148; within the meaning of Rule 16b-3 under the
Exchange Act, &#147;outside directors&#148; within the meaning of Section&nbsp;162(m) of the Internal Revenue Code of 1986, as amended, or the Code, and &#147;independent directors&#148; under applicable NYSE rules. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Number of Authorized Shares and Award Limits </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
aggregate number of our shares of common stock that may be issued or used for reference purposes under the 2014 Plan may not exceed 3,000,000 shares (subject to adjustment pursuant to the terms of the 2014 Plan as described below). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our shares of common stock that are subject to awards will be counted against the overall limit as one share for every share granted. If any award is
cancelled, expires or terminates unexercised for any reason, the shares covered by such award will again be available for the grant of awards under the 2014 Plan, except that any shares that are not issued as the result of a net settlement or that
are used to pay any exercise price or tax withholding obligation will not be available for the grant of awards. Shares of common stock that we repurchase on the open market with the proceeds of an option exercise price also will not be available for
the grant of awards. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The maximum number of our shares of common stock that may be subject to any award of stock options, any restricted stock or other
stock-based award denominated in shares that may be granted under the 2014 Plan during any fiscal year to each employee or consultant is 500,000 shares per type of award, provided that the maximum number of our shares of common stock for all types
of awards during any fiscal year does not exceed 500,000 shares per each employee or consultant. The foregoing individual participant limits are cumulative, that is, to the extent that shares of common stock that may be granted to an individual in a
fiscal year are not granted, then the number of shares of common stock that may be granted to such individual shall be increased in the subsequent fiscal year. In addition, the maximum value at grant of any other stock-based award denominated in
cash and any performance-based cash award that may be granted during any fiscal year to an employee or consultant is $3,000,000. However, the foregoing limits (other than the limit on the maximum number of our shares of common stock for all types of
awards during any fiscal year) will not apply (i)&nbsp;to options, stock </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">89 </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">
appreciation rights or restricted stock or other stock-based awards that constitute &#147;restricted property&#148; under Section&nbsp;83 of the Code to the extent granted during the Reliance
Period (as described below) or (ii)&nbsp;to performance-based cash awards or other types of other stock-based awards to the extent paid or otherwise settled during the Reliance Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For companies that become public in connection with an initial public offering, the deduction limit under Section&nbsp;162(m) of the Code does not apply
during a &#147;reliance period&#148; under the Treasury Regulations under Section&nbsp;162(m) of the Code which may be relied upon until the earliest of: (i)&nbsp;the expiration of the 2014 Plan, (ii)&nbsp;the date the 2014 Plan is materially
amended for purposes of Treasury Regulation Section&nbsp;1.162-27(h)(1)(iii); (iii)&nbsp;the date all shares of common stock available for issuance under this 2014 Plan have been allocated; or (iv)&nbsp;the date of the first annual meeting of our
stockholders for the election of directors occurring after the close of the third calendar year following the calendar year in which the initial public offering occurs, such period is referred to herein as the Reliance Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The compensation committee will, in accordance with the terms of the 2014 Plan, make appropriate adjustments to the above aggregate and individual limits, to
the number and/or kind of shares or other property (including cash) underlying awards and to the purchase price of shares underlying awards, in each case, to reflect any change in our capital structure or business. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Eligibility and Participation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All current and
prospective eligible employees and consultants of ours and our affiliates, and all of our non-employee directors, are eligible to be granted non-qualified stock options, restricted stock awards, performance-based cash awards and other stock-based
awards under the 2014 Plan. However, only employees of ours and our subsidiaries are eligible to be granted incentive stock options, or ISOs, under the 2014 Plan. Eligibility for awards under the 2014 Plan is determined by the compensation committee
in its sole discretion. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Types of Awards </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Stock
Options.</I> The 2014 Plan authorizes the compensation committee to grant ISOs to eligible employees and non-qualified stock options to purchase shares to eligible employees, consultants and non-employee directors (referred to as
&#147;participants&#148;). The compensation committee will determine the number of shares of common stock subject to each option, the term of each option, the exercise price (which may not be less than the fair market value of the shares of our
common stock at the time of grant or, in the case of ISOs granted to ten-percent stockholders, 110 percent of the fair market value), the vesting schedule and the other terms and conditions of each option. Options will be exercisable at such times
and subject to such terms and conditions as are determined by the compensation committee at grant. The maximum term of options under the 2014 Plan is ten years (or five years in the case of ISOs granted to ten-percent stockholders). Upon the
exercise of an option, the participant must make payment of the full exercise price (i)&nbsp;in cash or by check, bank draft or money order, (ii)&nbsp;solely to the extent permitted by law, through the delivery of irrevocable instructions to a
broker (reasonably acceptable to us) to promptly deliver to us an amount equal to the aggregate exercise price and/or (iii)&nbsp;on such other terms and conditions as may be acceptable to the compensation committee (including, without limitation,
the relinquishment of options or by payment in full or in part in the form of shares of our common stock owned by the participant). Unless otherwise determined by the compensation committee, the 2014 Plan provides that options vested and exercisable
as of the date of a participant&#146;s termination of employment, consultancy or directorship (as applicable) will remain exercisable for the following periods following the date of termination: if such termination is due to the participant&#146;s
death or &#147;disability&#148; (as defined in the 2014 Plan), one (1)&nbsp;year; if such termination is by us without &#147;cause&#148; (as defined in the 2014 Plan), 90 days; and if such termination is voluntary, 30 days. Upon an employment
termination by us for cause or a voluntary resignation following an event that would be grounds for termination for cause, the options will terminate and expire on the date of employment termination. Unless otherwise determined by the compensation
committee, upon any employment termination, unvested options will terminate and expire on the date of employment 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">90 </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"><I>Restricted Stock.</I> The 2014 Plan authorizes the compensation committee to grant restricted stock awards to
eligible participants. Recipients of restricted stock awards enter into an agreement with us subjecting the restricted stock awards to transfer and other restrictions and providing the criteria or dates on which such awards vest and such
restrictions lapse. The restrictions on restricted stock awards may lapse and the awards may vest over time, based on performance criteria or other factors (including, without limitation, performance goals that are intended to comply with the
performance-based compensation exception under Section&nbsp;162(m) of the Code, as discussed below), as determined by the compensation committee at grant. Except as otherwise determined by the compensation committee, a holder of a restricted stock
award has all of the attendant rights of a stockholder, including the right to vote. However, such holder does not have the right to tender shares of the restricted stock and any dividends or other distributions payable on the restricted stock will
not be paid unless and until the underlying shares of restricted stock vest and are no longer subject to restrictions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other Stock-Based Awards.</I>
The 2014 Plan authorizes the compensation committee to grant awards of shares of our common stock and other awards to eligible participants that are valued in whole or in part by reference to, or are payable in or otherwise based on, shares of our
common stock, including, but not limited to, shares of common stock awarded purely as a bonus in lieu of cash and not subject to any restrictions or conditions; shares of common stock in payment of the amounts due under an incentive or performance
plan sponsored or maintained by us or an affiliate; stock appreciation rights; stock equivalent units; restricted stock units; performance awards entitling participants to receive a number of shares of our common stock (or cash in an equivalent
value) or a fixed dollar amount, payable in cash, stock or a combination of both, with respect to a designated performance period; or awards valued by reference to book value of our shares of common stock. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Performance-Based Awards </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The 2014 Plan
authorizes the compensation committee to grant performance-based stock-based and cash awards. As noted above, following the Reliance Period, performance-based awards granted under the 2014 Plan that are intended to satisfy the performance-based
compensation exception under Section&nbsp;162(m) of the Code will vest based on attainment of specified performance goals established by the compensation committee. These performance goals will be based on the attainment of a certain target level
of, or a specified increase in (or decrease where noted), criteria selected by the compensation committee. Such performance goals may be based upon the attainment of specified levels of company, subsidiary, division or other operational unit
performance under one or more of the measures described above relative to the performance of other companies. The compensation committee may designate additional business criteria on which the performance goals may be based or adjust, modify or
amend those criteria, to the extent permitted by Section&nbsp;162(m) of the Code. Unless the compensation committee determines otherwise, to the extent permitted by Section&nbsp;162(m) of the Code, the compensation committee will disregard and
exclude the impact of special, unusual or non-recurring items, events, occurrences or circumstances; discontinued operations or the disposal of a business; the operations of any business that we acquire during the fiscal year or other applicable
performance period; or a change in accounting standards required by generally accepted accounting principles. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Effect of Detrimental Activity </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise determined by the compensation committee, the 2014 Plan provides that, in the event a participant engages in &#147;detrimental activity&#148;
(as defined in the 2014 Plan), all unexercised options held by the participant will terminate and expire and all unvested restricted stock and other stock-based awards will be immediately forfeited. As a condition to exercise an option, a
participant is required to certify that he or she is in compliance with the terms and conditions of the 2014 Plan and that he or she has not engaged in, and does not intend to engage in, any detrimental activity. If the participant engages in a
detrimental activity within one year following the exercise of an option, or if earlier, within one year following the date of the participant&#146;s employment termination, we are entitled to recover from the participant, at any time within one
year after such date, any gain realized from the exercise of such option.&nbsp;If the participant engages in a detrimental activity within one year following the vesting date of a restricted stock award or other stock-based award, we are entitled to
recover from the participant, at any time within one year after such detrimental activity, the fair market value on </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">91 </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">
the vesting date of any restricted stock award, and any gain realized from the vesting of any other stock-based award, that vested during such period. Unless otherwise determined by the
compensation committee, the foregoing provisions will cease to apply upon a change in control (as defined in the 2014 Plan and described below). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Effect of Certain Transactions; Change in Control </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the
event of a change in control, except as otherwise provided by the compensation committee in an award agreement, unvested awards will not vest. Instead, the compensation committee may, in its sole discretion provide for outstanding awards to be
treated in accordance with one of the following methods: (i)&nbsp;awards (whether or not vested) may be continued, assumed or substituted for; (ii)&nbsp;awards may be purchased for an amount of cash equal to the change in control price per share;
and/or (iii)&nbsp;stock options or other stock-based appreciation awards may be cancelled if the change in control price is less than the applicable exercise price. However, the compensation committee may in its sole discretion provide for the
acceleration of vesting and lapse of restrictions of an award at any time. For the purposes of the foregoing, a &#147;change in control&#148; generally means the occurrence of one of the following events: </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>
<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">the acquisition (including through purchase, reorganization, merger or consolidation) by a person or entity of 45% or more of the voting power of the securities entitled to vote to elect our board of directors;
</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>
<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">an election of individuals to our board of directors that causes a change in two-thirds of our board of directors, unless the individuals elected are approved by a vote of at least two-thirds of the directors then in
office who either were directors as of the effective date of the 2014 Plan or whose election or nomination for election was previously so approved; or </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>
<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">the sale or other disposition of all or substantially all of our assets. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, upon the occurrence of
an &#147;acquisition event&#148; (as defined below), the compensation committee may terminate all outstanding and unexercised options (or any other stock-based awards that are subject to exercise by the holder thereof) (referred to as the
&#147;exercisable awards&#148;), effective as of the date of the acquisition event, by delivering a termination notice to each participant at least 20 days prior to the date of the acquisition event. During the period after which notice is provided,
each participant may exercise all of his or her then outstanding and vested exercisable awards, subject to the occurrence of the acquisition event. Any exercisable award that has an exercise price that is equal to or greater than the fair market
value of our common stock on the date of the acquisition event may be canceled by the compensation committee without consideration. Under the 2014 Plan, an &#147;acquisition event&#148; means (i)&nbsp;a merger or consolidation in which we are not
the surviving entity, (ii)&nbsp;any transaction that results in the acquisition of all or substantially all of our outstanding common stock by a single person or group of persons, or (iii)&nbsp;the sale or transfer of all or substantially all of our
assets. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Non-Transferability of Awards </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as the
compensation committee may permit, at the time of grant or thereafter, awards granted under the 2014 Plan are generally not transferable by a participant other than by will or the laws of descent and distribution. Shares of our common stock acquired
by a permissible transferee will continue to be subject to the terms of the 2014 Plan and the applicable award agreement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Term </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Awards under the 2014 Plan may not be made after January&nbsp;30, 2024, but awards granted prior to such date may extend beyond that date. We may seek
stockholder re-approval of the performance goals in the 2014 Plan and, to the extent that such stockholder approval is obtained on or after the first stockholders&#146; meeting in the fifth year following the year of the last stockholder approval of
the performance goals in the 2014 Plan, awards under the 2014 Plan may be made based on such performance goals in order to qualify for the &#147;performance-based compensation&#148; exception under Section&nbsp;162(m) of the Code. </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">92 </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>Amendment and Termination </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the rules referred to in the balance of this paragraph, our board of directors may at any time amend, in whole or in part, any or all of the
provisions of the 2014 Plan, or suspend or terminate it entirely, retroactively or otherwise. Except as required to comply with applicable law, no such amendment may reduce the rights of a participant with respect to awards previously granted
without the consent of such participant. In addition, without the approval of stockholders, no amendment may be made that would: increase the aggregate number of shares of our common stock that may be issued under the 2014 Plan; increase the maximum
individual participant share limitations for a fiscal year or year of a performance period; change the classification of individuals eligible to receive awards under the 2014 Plan; extend the maximum option term; alter the performance criteria;
amend the terms of any outstanding stock option or other stock appreciation award to reduce the exercise price thereof (i.e., reprice); cancel any outstanding &#147;in-the-money&#148; stock option or other stock appreciation award in exchange for
cash, other awards or stock option or other stock appreciation award with a lower exercise price; require stockholder approval in order for the 2014 Plan to continue to comply with Section&nbsp;162(m) of the Code or Section&nbsp;422 of the Code; or
require stockholder approval under the rules of any exchange or system on which our securities are listed or traded. Following completion of this offering, we intend to file a registration statement on Form S-8 under the Securities Act to register
the full number of shares of our common stock that will be available for issuance under the 2014 Plan, as described in the section titled &#147;&#151;2014 Omnibus Incentive Plan&#151;Number of Authorized Shares and Award Limits&#148; above. </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">93 </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_13"></A>Certain Relationships and Related-Party Transactions </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stockholders Agreement </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;4, 2011, we
entered into the Stockholders Agreement. Among other things, the Stockholders Agreement provides board designation rights for the Edwards Investors and Littlejohn and requires the approval of certain holders of our equity securities in order for us
to take specified corporate actions. The Stockholders Agreement also provides for certain restrictions on the ability of our stockholders to transfer shares of our equity securities. Certain holders of our equity securities were granted put rights,
drag-along rights and pre-emptive rights. The Stockholders Agreement will automatically terminate upon the completion of this offering. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Registration
Rights </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are party to a registration rights agreement with certain of our stockholders dated November 6, 2013 or the Registration Rights Agreement.
Under the Registration Rights Agreement, following the completion of this offering, Cetus Capital II, LLC, IBP Investment Holdings, LLC, IBP Management Holdings, LLC and TCI Holdings, LLC, or collectively, the Investors, will have demand, piggyback
and Form S-3 registration rights. Subject to conditions and limitations as set forth in the agreement, including our right to defer a demand registration under certain circumstances, at any time which we are not eligible to register securities on
Form S-3, the Investors may require that we register for public resale on Form S-1 under the Securities Act of all or part of the shares held by such Investors, so long as the securities being registered in each registration statement are proposed
to be sold at an aggregate price to the public of at least $30.0 million with respect to a request made within the first twelve months following the completion of this offering, and at least $15.0 million with respect to any subsequent request. If
we become eligible to register the sales of securities on Form S-3 under the Securities Act, the Investors have the right to require us to register the sale of common stock held by them on Form S-3 at an aggregate price to the public of at least
$15.0 million. We will not be obligated to effectuate more than one demand registration on Form S-1 or more than two demand registrations on Form S-3 during any calendar year. Subject to certain exceptions, the Investors are also entitled to
piggyback registration rights with respect to any registration effected by us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under the Registration Rights Agreement, we will be responsible, subject
to certain exceptions, for the expenses of any offering of our shares of common stock offered pursuant to the agreement other than underwriting discounts and selling commissions. The Registration Rights Agreement contains customary indemnification
and market hold-back provisions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Management Agreements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On April&nbsp;30, 2010, we entered into a Second Amended and Restated Management Agreement with (i)&nbsp;IBP Holding Company, an affiliate of the Edwards
Investors, and (ii)&nbsp;certain other investors. Pursuant to the Second Amended and Restated Management Agreement, IBP Holding Company provided certain executive, management, administrative, corporate overhead, clerical and other support services
to one of our operating subsidiaries, Installed Building Products, LLC. A substantially similar management agreement was entered into on October&nbsp;29, 2007 for IBP Holding Company to provide certain executive, management, administrative,
corporate overhead, clerical and other support services to one of our other operating subsidiaries, Installed Building Products II, LLC. We collectively refer to these agreements as the Old Service Agreements. Pursuant to the Old Service Agreements,
IBP Holding Company was paid management fees in an aggregate amount of approximately $4.4 million in 2010 and $4.8 million in 2011. The Old Service Agreements were terminated on December&nbsp;31, 2011 and all employees of IBP Holding Company became
employees of Installed Building Products, LLC, one of our operating subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December&nbsp;18, 2012, we entered into a Management Services and
Fee Agreement with (i)&nbsp;Littlejohn Managers, LLC, (ii)&nbsp;Jeff Edwards, (iii)&nbsp;IBP Holding Company, an affiliate of the Edwards Investors, and (iv)&nbsp;TCI Holdings, LLC, one of our principal stockholders, or collectively the Managers.
Pursuant to the Management </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">94 </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">
Services and Fee Agreement, management fees were paid to Littlejohn Managers, LLC ($1.1 million), Jeff&nbsp;Edwards ($2.7 million) and TCI Holdings, LLC ($0.5 million) during the year ended
December 31, 2012. The Management Services and Fee Agreement was terminated on November 22, 2013. The indemnification provisions in favor of the Managers survive such termination. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Financing and Recapitalization Transactions </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2010, IBP
Funding Company, LLC, which was owned by one of our indirect stockholders and the Edwards Investors, and Primstone Funding Company, LLC, which was owned by some of our indirect stockholders, purchased $27.8 million of outstanding senior secured
indebtedness under IBP&nbsp;I&#146;s then existing credit facility and converted the loans to second lien loans. In connection with our Recapitalization, this second lien debt of IBP&nbsp;I was cancelled on November&nbsp;3, 2011. Through a series of
purchases in July 2011, Cetus Capital&nbsp;II, LLC, or Cetus&nbsp;II, purchased the remaining $77.6 million (including accrued interest) of IBP I&#146;s outstanding indebtedness under IBP&#146;s then-existing credit facility, or the first lien debt.
As part of the Recapitalization, Cetus II contributed the first lien debt to us in exchange for 1,000 shares of our Series A Preferred Stock and 5,850,000 shares of our Redeemable Common Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2011, the Edwards Investors and an affiliate issued promissory notes to the lender under IBP&nbsp;II&#146;s then existing credit facility. The issuers of
the notes used a portion of the funds from the loan to make a $12.0 million capital contribution to IBP&nbsp;II, which was then used by IBP II to repay outstanding amounts under its credit facility. In connection with our Recapitalization,
IBP&nbsp;II repaid the remaining $500,000 outstanding under its existing credit facility on November&nbsp;4, 2011. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with our
Recapitalization, on November&nbsp;4, 2011, we assumed a $1.7 million liability of IBP Holding Company, an affiliate of the Edwards Investors, for accrued deferred bonuses of its employees, which bonuses were paid by us in 2012. Personnel of the
corporate headquarters were employed by IBP Holding Company prior to 2012 and, since January&nbsp;1, 2012, have been employed by IBP I. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection
with our Recapitalization, stockholder notes in the amount of $3.8 million plus accrued interest of $0.9 million owed by us to the Edwards Investors were cancelled. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the Recapitalization and Exchange Agreement, dated November 4, 2011, which we entered into with Cetus II, we had a call right to purchase 50,000
shares (975,000 shares after giving effect to the stock split) of common stock from Cetus II at a purchase price of $0.01 per share. Pursuant to an amendment to the Recapitalization Agreement and Exchange Agreement dated January 27, 2014, our call
right was terminated and IBP Investment Holdings, LLC, TCI Holdings, LLC and IBP Management Holdings, LLC had a call right to purchase 44,000 shares (858,000 shares after giving effect to the stock split) of common stock in the aggregate from Cetus
II at a purchase price of $0.01 per share, or the call right. These stockholders exercised such call right on January&nbsp;27, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>TCI Transaction
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On August&nbsp;31, 2012, we entered into a Membership Interest Purchase Agreement with TCI Holdings, LLC to acquire TCI Contracting, LLC. In
connection with that transaction, TCI Holdings, LLC was issued 2,533,908 shares of our common stock and became party to the Stockholders Agreement. J. Michael Nixon, a member of TCI Holdings, LLC, was not a member of our board of directors at the
time of the transaction, but became a member of our board in December 2012. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Supplier Loans </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On May&nbsp;17, 2010, CertainTeed Corporation, one of our insulation suppliers, loaned funds to IBP Holding Company, an affiliate of the Edwards Investors in
the principal amount of $2.0 million. The funds were made available as capital contributions to us and used for general corporate purposes. The loan was repaid by the Edwards Investors on June&nbsp;19, 2013. </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">95 </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">On March&nbsp;26, 2009, Knauf Insulation, GmbH, one of our insulation suppliers, loaned funds to the Edwards
Investors in the principal amount of $10.0 million. The funds were made available as capital contributions to us and were primarily used for general corporate purposes. The Edwards Investors continue to make payments on the loan. The loan will be
repaid in full by the Edwards Investors and terminated concurrently with the completion of this offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On March&nbsp;26, 2004, Installed Building
Systems, Inc., an affiliate of Jeff Edwards, entered into an amended and restated loan agreement with Owens Corning pursuant to which Owens Corning loaned funds to the Edwards Investors in the principal amount of $10.0 million. The funds were made
available as capital contributions to us and used for general corporate purposes. The Edwards Investors continue to make payments on the loan. The loan will be repaid in full by the Edwards Investors and terminated concurrently with the completion
of this offering. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Employee Benefits </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Edwards
Industries, Inc. Medical Trust, or the Medical Trust, provides medical and dental benefits to our employees as well as those of other businesses affiliated with the Edwards Investors. We pay premiums to the Medical Trust for the provision of these
benefits. We paid an aggregate of $6.2 million for the year ended December&nbsp;31, 2011, $6.3 million for the year ended December&nbsp;31, 2012 and $5.8 million for the nine months ended September&nbsp;30, 2013 to the Medical Trust for all our
health plans. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Related-Party Sales </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain of our
operating subsidiaries install products in the ordinary course of their businesses to the following affiliates of the Edwards Investors: Michael Edwards Construction, Edwards Communities Construction Company and affiliates and Duffy Homes, Inc.
These transactions are performed on terms comparable to those that could be obtained in an arm&#146;s-length transaction with an unrelated third party. Aggregate sales to these affiliates of the Edwards Investors totaled $2.7 million for the year
ended December&nbsp;31, 2011, $1.7 million for the year ended December&nbsp;31, 2012 and $0.9 million for the nine months ended September 30, 2013. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Real Property Leases </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to a lease agreement dated
as of May&nbsp;1, 2003, as amended, we lease our headquarters at 495 S. High Street, Columbus, Ohio from 495 South High Street, L.L.C., an entity affiliated with the Edwards Investors. The annual base rent is $158,827. Prior to November 1, 2013, the
base rent was $201,471. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to a lease agreement dated as of March&nbsp;14, 2005, we lease a branch location at 1320 McKinley Avenue, Columbus, Ohio
from Peter H. Edwards, an immediate family member of Jeff Edwards. The annual base rent is $133,554. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TCI Contracting, LLC, one of our indirect
subsidiaries, leases locations in Georgia, Florida and Tennessee pursuant to the terms of five lease agreements with one or more entities in which J. Michael Nixon, one of our directors, has an interest. The annual base rent for these locations is
$33,000, $66,000, $90,000, $66,000 and $60,000 respectively. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Guarantees of Corporate Liabilities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to an Individual Guaranty Agreement and a Guaranty Agreement, each dated as of October&nbsp;22, 2012, Jeff Edwards, Peter Edwards Jr., Anne Edwards
and Michael Edwards, individually, and Littlejohn guaranteed our letter of credit reimbursement obligations to Bank of America, N.A. in connection with letters of credit issued by Bank of America, N.A. to support our workers compensation policies.
Such letters of credit are currently issued under our revolving credit facility and these guarantees were terminated on July&nbsp;30, 2013. </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">96 </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">Jeff Edwards has personally guaranteed reimbursement obligations of ours. The total obligation amounts were
$316,613 for the year ended December&nbsp;31, 2012 and $39,000 for the nine months ended September 30, 2013 under certain performance and licensing bonds issued by sureties on behalf of us in the ordinary course of business. These bonds were
replaced with bonds that do not require any guarantee and the last of these guarantees was terminated on January&nbsp;17, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Policies and
Procedures for Related-Party Transactions </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our board of directors expects to adopt a written related-party transaction policy, to be effective upon the
completion of this offering, setting forth the policies and procedures for the review and approval or ratification of transactions involving us and &#147;related persons.&#148; For the purposes of this policy, &#147;related persons&#148; will
include our executive officers, directors and director nominees or their immediate family members, or stockholders owning five percent or more of our outstanding common stock and their immediate family members. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The policy will cover, with certain exceptions set forth in Item&nbsp;404 of Regulation S-K under the Securities Act, any transaction, arrangement or
relationship, or any series of similar transactions, arrangements or relationships in which we were or are to be a participant, where the amount involved exceeds $120,000 and a related person had or will have a direct or indirect material interest,
including, without limitation, purchases of goods or services by or from the related person or entities in which the related person has a material interest, indebtedness, guarantees of indebtedness and employment by us of a related person. In
reviewing and approving any such transactions, our audit committee is tasked to consider all relevant facts and circumstances, including, but not limited to, whether the transaction is on terms comparable to those that could be obtained in an
arm&#146;s length transaction with an unrelated party and the extent of the related person&#146;s interest in the transaction. All related-party transactions may only be consummated if our audit committee has approved or ratified such transaction in
accordance with the guidelines set forth in the policy. Any member of the audit committee who is a related person with respect to a transaction under review will not be permitted to participate in the deliberations or vote respecting approval or
ratification of the transaction. However, such director may be counted in determining the presence of a quorum at a meeting of the audit committee that considers the transaction. All of the transactions described in this section occurred prior to
the adoption of this policy. </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">97 </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_14"></A>Principal and Selling Stockholders </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table lists information regarding the beneficial ownership of our common stock as of January&nbsp;31, 2014 by (i)&nbsp;each person whom we know
to beneficially own more than 5% of our outstanding common stock, or a 5% Stockholder, (ii)&nbsp;each director and director nominee, (iii)&nbsp;each Named Executive Officer, (iv)&nbsp;all directors, director nominees and executive officers as a
group and (v)&nbsp;the selling stockholder. Unless otherwise indicated, the address of each officer and director is that of our headquarters, c/o Installed Building Products, Inc., 495 South High Street, Suite 50, Columbus, Ohio 43215. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The number of shares of common stock &#147;beneficially owned&#148; by each stockholder is determined under rules issued by the SEC regarding the beneficial
ownership of securities. This information is not necessarily indicative of ownership for any other purpose. Under these rules, beneficial ownership of shares of our common stock includes (1)&nbsp;any shares as to which the person or entity has sole
or shared voting power or investment power and (2)&nbsp;any shares as to which the person or entity has the right to acquire beneficial ownership within 60 days after January&nbsp;31, 2014, including any shares that could be purchased by the
exercise of options or warrants held by that person. Each holder&#146;s percentage ownership before this offering is based on 22,033,901 shares of common stock outstanding as of January&nbsp;31, 2014. Each holder&#146;s percentage ownership after
this offering is based on 28,783,901 shares of common stock to be outstanding immediately after the completion of this offering. The percentages assume no exercise by the underwriters of their option to purchase additional shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The amounts below reflect: (1) the purchase of an aggregate of 858,000 shares of our common stock by IBP Investment Holdings, LLC, TCI Holdings, LLC and IBP
Management Holdings, LLC from Cetus II pursuant to the call right, as discussed in additional detail in &#147;Certain Relationships and Related-Party Transactions&#151;Financing and Recapitalization Transactions&#148; and (2) an in-kind distribution
of 382,200 shares of our common stock by IBP Management Holdings, LLC to its members. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated below, to our knowledge, all persons
named in the table have sole voting and investment power with respect to their shares of common stock. </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="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>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:89.90pt; font-size:8pt; font-family:Times New Roman"><B>Name of Beneficial Owner</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Shares&nbsp;of Common<BR>Stock&nbsp;Owned Before<BR>this&nbsp;Offering </B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of&nbsp;Shares<BR>Offered</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&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;of Common<BR>Stock&nbsp;Owned After<BR>this&nbsp;Offering</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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</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>
<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</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="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>5% Stockholders:</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>
<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></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">IBP Investment Holdings, LLC (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,971,360</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63.4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,721,360</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cetus Capital II, LLC (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,992,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.7</TD>
<TD NOWRAP VALIGN="bottom">%&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,992,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TCI Holdings, LLC (3)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,666,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.1</TD>
<TD NOWRAP VALIGN="bottom">%&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,666,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR>
<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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Directors and Executive Officers:</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>
<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></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jeffrey W. Edwards (4)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,056,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,806,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michael T. Miller (5)</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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jay P. Elliott</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,741</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,741</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Steven G. Raich (6)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,992,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.7</TD>
<TD NOWRAP VALIGN="bottom">%&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,992,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">J. Michael Nixon (3)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,666,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.1</TD>
<TD NOWRAP VALIGN="bottom">%&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,666,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Margot L. Carter</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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lawrence A. Hilsheimer</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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Janet E. Jackson</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;&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;&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;&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;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michael H. Thomas</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&nbsp;</TD></TR>
<TR>
<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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>All directors, director nominees and executive officers as a group (9
persons)<SUP STYLE="font-size:85%; vertical-align:top"></SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,755,545</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">98.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,505,545</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67.8</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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">Denotes less than 1.0% beneficial owner. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE="font-family:Times New Roman; font-size:10pt">IBP Investment Holdings, LLC, or Investment Holdings, is a Delaware member-managed limited liability company. PJAM IBP Holdings, Inc., or PJAM, an
Ohio corporation, and Installed Building Systems, Inc., or&nbsp;Systems, a Delaware corporation, own 41.4% and 36.0%, respectively, of the outstanding common units </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">98 </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>
<TD WIDTH="4%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
of Investment Holdings. Mr.&nbsp;Edwards, our President, Chief Executive Officer and Chairman, controls PJAM&nbsp;and Systems, and owns certain outstanding common units of Investment Holdings.
Mr.&nbsp;Edwards has sufficient voting and dispositive power to control Investment Holdings. OCM IBP Holdings, Inc., or OCM, a Delaware corporation, that is an affiliate of OCM Mezzanine Fund, L.P., a fund sponsored by Oaktree Capital Management,
owns all of the issued and outstanding Series A preferred units of Investment Holdings. OCM, Stonehenge Opportunity Fund LLC, Primus Capital Fund V, L.P. and Primus Executive Fund V, L.P. (collectively, the &#147;Funds&#148;) own an aggregate of
12.3% of the outstanding common units of Investment Holdings. The remaining outstanding common units of Investment Holdings are owned by other members of our management team and a dynasty trust for the benefit of Mr.&nbsp;Edwards&#146; family. The
proceeds received by Investment Holdings in this offering will be used to repurchase some or all of the Series A preferred units of Investment Holdings held by OCM and some or all of the common units of Investment Holdings held by the Funds. None of
the other members of Investment Holdings, including Mr.&nbsp;Edwards, will receive any of such proceeds. The address for Investment Holdings is 495 South High Street, Suite 50, Columbus, Ohio 43215. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Cetus Capital II, LLC, a Delaware limited liability company, or Cetus II, is an affiliate of Littlejohn. Littlejohn Fund IV, L.P., or Fund IV, as the sole member of Cetus II, and Littlejohn Associates IV, L.L.C., or
Associates IV, the general partner of Fund IV, may each be deemed to be the indirect beneficial owner of these shares. Steven&nbsp;G. Raich and Robert&nbsp;E. Davis are managers of Associates IV and hold voting and dispositive power over these
shares. Each of Fund IV, Associates IV, Steven&nbsp;G. Raich and Robert&nbsp;E. Davis disclaim any beneficial ownership of such shares in which it or he does not have a pecuniary interest. The address of each of Cetus II, Fund IV and Associates IV
is 8 Sound Shore Drive, Greenwich, Connecticut 06830. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Represents shares held by TCI Holdings, LLC, a member-managed Georgia limited liability company. Mr.&nbsp;Nixon shares voting and dispositive power over the shares held by TCI Holdings, LLC. Mr.&nbsp;Nixon disclaims any
beneficial ownership of such shares in which he does not have a pecuniary interest. The address for TCI Holdings, LLC and Mr.&nbsp;Nixon is 4080 McGinnis Ferry Road #1504, Alpharetta, Georgia 30005. Inis Investment Co. shares voting and dispositive
power over the shares held by TCI Holdings, LLC. Inis Investment Co. disclaims any beneficial ownership of such shares in which it does not have a pecuniary interest. The address for Inis Investment Co. is 1209 Orange Street, Wilmington, Delaware
19801. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Represents shares held by Investment Holdings and IBP Management Holdings, LLC, or Management Holdings. Mr.&nbsp;Edwards has voting and dispositive control over the shares held by Investment Holdings and Management
Holdings. The shares held by Investment Holdings are expected to be distributed to its members after the expiration of the 180-day lock-up period. From and after the expiration of the 180-day lock-up period, Mr. Edwards has agreed to pledge
approximately 6,337,500 of these shares to secure certain loans made by a financial institution to him and members of his family. Mr.&nbsp;Edwards disclaims beneficial ownership of such shares in which he does not have a pecuniary interest.
</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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">Mr. Miller owns common units of Investment Holdings that will, after this offering, have the equivalent value of approximately 1% of our common stock outstanding. </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">Represents shares held by Cetus II. Mr.&nbsp;Raich is a partner of Littlejohn and may be deemed to beneficially own the shares held by Cetus II. Mr.&nbsp;Raich disclaims any beneficial ownership of such shares in which
he does not have a pecuniary interest. The address for Mr.&nbsp;Raich is 8 Sound Shore Drive, Greenwich, Connecticut 06830. </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">99 </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_15"></A>Description of Capital Stock </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>The following description is intended as a summary of our amended and restated certificate of incorporation (which we refer to as our &#147;charter&#148;)
and our amended and restated bylaws, in each case, which will become effective immediately prior to the effectiveness of the registration statement of which this prospectus forms a part and which will be filed as exhibits to such registration
statement, and to the applicable provisions of the Delaware General Corporation Law. Because the following is only a summary, it does not contain all of the information that may be important to you. For a complete description, you should refer to
our charter and amended and restated bylaws. </I></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>General </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Immediately prior to the effectiveness of the registration statement of which this prospectus forms a part, we will file our charter that authorizes
100,000,000 shares of common stock, $0.01 par value per share, and 5,001,000 shares of preferred stock, $0.01 per value per share, 1,000 of which are designated as Series A Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of January 1, 2014, we had 22,033,901 shares of our common stock outstanding and 1,000 shares of our Series A Preferred Stock outstanding. All of our
outstanding Series A Preferred Stock will be redeemed with a portion of the net proceeds received by us in this offering and, once redeemed, such shares will be retired and may not be reissued. Following the completion of this offering and the use
of proceeds therefrom, no shares of our preferred stock will be designated, issued or outstanding. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>COMMON STOCK </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Voting Rights </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each holder of our common stock is entitled
to one vote for each share on all matters submitted to a vote of the stockholders, including the election of directors. Our stockholders do not have cumulative voting rights in the election of directors. Accordingly, holders of a majority of the
voting shares are able to elect all of the directors. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Dividends </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to preferences that may be applicable to any then outstanding preferred stock, holders of our common stock are entitled to receive dividends, if any,
as may be declared from time to time by our board of directors out of legally available funds. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Liquidation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the event of our liquidation, dissolution or winding up, holders of our common stock are entitled to share ratably in the net assets legally available for
distribution to stockholders after the payment of all of our debts and other liabilities and the satisfaction of any liquidation preference granted to the holders of any then outstanding shares of preferred stock. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rights and Preferences </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Holders of our common stock have
no preemptive, conversion, subscription or other rights, and there are no sinking fund provisions applicable to our common stock. Upon the closing of this offering, the redemption feature of our outstanding redeemable common stock will terminate and
there will be no redemption provisions applicable to any shares of our common stock. The rights, preferences and privileges of the holders of our common stock are subject to and may be adversely affected by the rights of the holders of shares of any
series of our preferred stock that we may designate in the future. </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">100 </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>Fully Paid and Nonassessable </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All of our outstanding shares of common stock are, and the shares of common stock to be issued in this offering will be, fully paid and nonassessable. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PREFERRED STOCK </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Concurrent with the closing of this
offering, all outstanding shares of our Series A Preferred Stock will be repurchased by us for an aggregate purchase price of $75.7 million and retired. Immediately following this offering, we will amend our charter to delete all references to the
Series A Preferred Stock. Following the completion of this offering, our board of directors will have the authority, without further action by our stockholders, to issue up to 5,000,000 shares of preferred stock in one or more series and to fix the
rights, preferences, privileges and restrictions thereof. These rights, preferences and privileges could include dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences, sinking fund terms and the number of
shares constituting, or the designation of, such series, any or all of which may be greater than the rights of common stock. The issuance of our preferred stock could adversely affect the voting power of holders of common stock and the likelihood
that such holders will receive dividend payments and payments upon our liquidation. In addition, the issuance of preferred stock could have the effect of delaying, deferring or preventing a change in control of our company or other corporate action.
Immediately after completion of this offering, no shares of preferred stock will be outstanding, and we have no present plan to issue any shares of preferred stock. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ANTI-TAKEOVER EFFECTS OF PROVISIONS OF OUR CHARTER, OUR AMENDED AND RESTATED BYLAWS AND DELAWARE LAW </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our charter and amended and restated bylaws contain provisions that may delay, defer or discourage another party from acquiring control of us. We expect that
these provisions, which are summarized below, will discourage coercive takeover practices or inadequate takeover bids. These provisions are also designed to encourage persons seeking to acquire control of us to first negotiate with our board of
directors, which we believe may result in an improvement of the terms of any such acquisition in favor of our stockholders. However, they also give our board of directors the power to discourage acquisitions that some stockholders may favor. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Undesignated Preferred Stock </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The ability to authorize
undesignated preferred stock will make it possible for our board of directors to issue preferred stock with super voting, special approval, dividend or other rights or preferences on a discriminatory basis that could impede the success of any
attempt to acquire us. These and other provisions may have the effect of deferring, delaying or discouraging hostile takeovers, or changes in control or management of our company. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Board Size; Filling of Vacancies </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our charter and amended
and restated bylaws provide that the number of directors on our board of directors will be fixed exclusively by our board of directors. Newly created directorships resulting from any increase in our authorized number of directors will be filled
solely by the vote of our remaining directors in office. Any vacancies in our board of directors resulting from death, resignation, retirement, disqualification or removal from office or other cause will be filled solely by a majority vote of our
remaining directors, or a quorum of our remaining directors, in office. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Classified Board of Directors </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our charter provides that our board of directors will be divided into three classes, with each class serving three-year staggered terms. </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">101 </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>Special Meetings of Stockholders </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our charter and amended and restated bylaws provide that special meetings of the stockholders may be called only by the chairman of our board of directors, our
Chief Executive Officer, any two directors or upon a resolution approved by a majority of the total number of directors that we would have if there were no vacancies, and not by our stockholders. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>No Stockholder Action by Written Consent </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our charter
provides that any action required or permitted to be taken by the stockholders may be effected only at a duly called annual or special meeting. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Requirements for Advance Notification of Stockholder Nominations and Proposals </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our amended and restated bylaws establish advance notice procedures with respect to stockholder proposals and nomination of candidates for election as
directors other than nominations made by or at the direction of our board of directors or a committee of our board of directors. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Business combinations
with interested stockholders </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will be subject to Section&nbsp;203 of the Delaware General Corporation Law, which generally prohibits a Delaware
corporation from engaging in any of a broad range of business combinations with a stockholder owning 15% or more of such corporation&#146;s outstanding voting stock for a period of three years following the date on which such stockholder became an
&#147;interested&#148; stockholder. In order for us to consummate a business combination with an &#147;interested&#148; stockholder within three years of the date on which the stockholder became &#147;interested,&#148; either (1)&nbsp;the business
combination or the transaction that resulted in the stockholder becoming &#147;interested&#148; must be approved by our board of directors prior to the date the stockholder became &#147;interested,&#148; (2)&nbsp;the &#147;interested&#148;
stockholder must own at least 85% of our outstanding voting stock at the time the transaction commences (excluding voting stock owned by directors who are also officers and certain employee stock plans) or (3)&nbsp;the business combination must be
approved by our board of directors and authorized by at least two-thirds of our stockholders (excluding the &#147;interested&#148; stockholder). This provision could have the effect of delaying or preventing a change of control, whether or not it is
desired by or beneficial to our stockholders. Any delay or prevention of a change of control transaction or changes in our board of directors and management could deter potential acquirers or prevent the completion of a transaction in which our
stockholders could receive a substantial premium over the then-current market price for their shares of our common stock. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CORPORATE OPPORTUNITY
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Delaware law permits corporations to adopt provisions renouncing any interest or expectancy in certain opportunities that are presented to the
corporation or its officers, directors or stockholders. Our charter provides that, to the fullest extent permitted by law, none of Jeff Edwards or Littlejohn or his or its affiliates has any duty to refrain from (i)&nbsp;engaging in a corporate
opportunity in the same or similar business activities or lines of business in which we or our affiliates now engage or propose to engage or (ii)&nbsp;otherwise competing with us or our affiliates. In addition, to the fullest extent permitted by
law, in the event that Jeff Edwards or Littlejohn acquires knowledge of a potential transaction or other business opportunity that may be a corporate opportunity for itself or himself or its or his affiliates or for us or our affiliates, such person
has no duty to communicate or offer such transaction or business opportunity to us or any of our affiliates and they may take any such opportunity for themselves or offer it to another person or entity. Our charter does not renounce our interest in
any business opportunity that is expressly offered to a non-employee director solely in his or her capacity as a director or officer of IBP. </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">102 </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>LIMITATIONS ON LIABILITY, INDEMNIFICATION OF OFFICERS AND DIRECTORS AND INSURANCE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our charter and amended and restated bylaws, which will become effective immediately prior to the completion of this offering, contain provisions that limit
the liability of our directors for monetary damages to the fullest extent permitted by Delaware law. For a discussion concerning limitations of liability and indemnification applicable to our directors and officers, see
&#147;Management&#151;Limitations on Liability, Indemnification of Officers and Directors and Insurance.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NEW YORK STOCK EXCHANGE LISTING
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have applied to list our common stock on the NYSE under the symbol &#147;IBP.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>TRANSFER AGENT AND REGISTRAR </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The transfer agent and
registrar for the shares of our common stock will be American Stock Transfer &amp; Trust Company, LLC. </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">103 </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_16"></A>Shares Eligible for Future Sale </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Prior to this offering, there has been no public market for our common stock and a liquid trading market for our common stock may not develop or be sustained
after this offering. Future sales of our common stock, including shares issued upon the exercise of outstanding options in the public market after this offering, or the perception that those sales may occur, could cause the prevailing market price
for our common stock to fall or impair our ability to raise equity capital in the future. As described below, only those shares sold in this offering will be available for sale in the public market for a period of several months after completion of
this offering due to contractual and legal restrictions on resale described below. Future sales of our common stock in the public market either before (to the extent permitted) or after restrictions lapse, or the perception that those sales may
occur, could adversely affect the prevailing market price of our common stock at such time and our ability to raise equity capital at a time and price we deem appropriate. Although we have applied to have our common stock approved for listing on the
NYSE under the symbol &#147;IBP,&#148; we cannot assure you that there will be an active public market for our common stock. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SALE OF RESTRICTED SHARES
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Based on the number of shares of our common stock outstanding as of January 1, 2014, upon the completion of this offering and assuming no exercise of
the underwriters&#146; option to purchase additional shares of common stock, we will have outstanding an aggregate of approximately 28.8&nbsp;million shares of common stock. Of these shares, all of the shares of common stock to be sold in this
offering, and any shares sold upon exercise of the underwriters&#146; option to purchase additional shares, will be freely tradable in the public market without restriction or further registration under the Securities Act, unless the shares are held
by any of our &#147;affiliates&#148; as such term is defined in Rule 144 of the Securities Act. One of our director nominees, who will be an independent director, has indicated interest in purchasing shares of common stock in this offering. We do
not know if such director will ultimately purchase any shares. All remaining shares of common stock held by existing stockholders immediately prior to the completion of this offering will be &#147;restricted securities&#148; as such term is defined
in Rule&nbsp;144. These restricted securities were issued and sold by us in private transactions and are eligible for public sale only if registered under the Securities Act or if they qualify for an exemption from registration under the Securities
Act, including the exemption provided by Rule 144, which is summarized below. As a result of the contractual 180-day lock-up period described below and the provisions of Rule 144 and 701 of the Securities Act, the restricted securities will be
available for sale in the public markets as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:78.80pt; font-size:8pt; font-family:Times New Roman"><B>Date Available for Sale</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Shares&nbsp;Eligible&nbsp;for</B><br><B>Sale</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Date of Prospectus</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">9,128,988</TD>
<TD NOWRAP VALIGN="top">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Shares sold in the offering and shares saleable under Rule 144 that are not subject to a lock-up</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">180 Days after Date of Prospectus</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,783,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Lock-up released; shares saleable under Rule 144</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>RULE 144 </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In general,
under Rule 144, as currently in effect, once we have been subject to the public company reporting requirements of the Exchange Act, for at least 90 days, a person (or persons whose shares are required to be aggregated) who is not deemed to have been
one of our &#147;affiliates&#148; for purposes of Rule 144 at any time during the three months preceding a sale, and who has beneficially owned restricted securities within the meaning of Rule 144 for at least six months, including the holding
period of any prior owner other than one of our &#147;affiliates,&#148; is entitled to sell those shares in the public market (subject to the lock-up agreement referred to below, if applicable) without complying with the manner of sale, volume
limitations or notice provisions of Rule&nbsp;144, but subject to compliance with the public information requirements of Rule 144. If such a person has beneficially owned the shares proposed to be sold for at least one year, including the holding
period of any prior owner other than &#147;affiliates,&#148; then such person is entitled to sell such shares in the public market without complying with any of the requirements of Rule 144 (subject to the lock-up agreement referred to above, if
applicable). In general, under Rule 144, as currently in effect, once we have been subject to the public company reporting requirements of the Exchange Act for at least 90 days, our &#147;affiliates,&#148; as defined in Rule 144, who
</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">104 </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">
have beneficially owned the shares proposed to be sold for at least six months, including the holding period of any prior owner other than one of our &#147;affiliates,&#148; are entitled to sell
in the public market, upon expiration of any applicable lock-up agreements and within any three-month period, a number of those shares of our common stock that does not exceed the greater of: </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>
<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">1% of the number of common shares then outstanding, which will equal approximately 287,839 shares of common stock immediately after this offering (calculated on the basis of the assumptions described above and assuming
no exercise of the underwriters&#146; option to purchase additional shares and no exercise of outstanding options or warrants); or </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>
<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">the average weekly trading volume of our common stock on the NYSE during the four calendar weeks preceding the filing of a notice on Form 144 with respect to such sale. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Such sales under Rule 144 by our &#147;affiliates&#148; or persons selling shares on behalf of our &#147;affiliates&#148; are also subject to certain manner
of sale provisions, notice requirements and to the availability of current public information about us. Notwithstanding the availability of Rule 144, the holders of all of our restricted securities have entered into lock-up agreements as referenced
above and their restricted securities will become eligible for sale (subject to the above limitations under Rule 144) upon the expiration of the restrictions set forth in those agreements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>EQUITY INCENTIVE PLANS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our board of directors and
stockholders previously adopted an equity incentive plan. In connection with this offering, our board of directors and stockholders intend to adopt the 2014 Plan, which will replace the existing equity incentive plan. There are currently no
outstanding options under the existing equity incentive plan. For a description of our 2014 Plan and the number of shares reserved for issuance, see &#147;Executive Compensation&#151;2014 Omnibus Incentive Plan.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with this offering, we intend to file a registration statement on Form S-8 under the Securities Act to register the total number of shares of
our common stock that may be issued under our 2014 Plan. That registration statement will become effective upon filing, and any shares of our common stock covered by such registration statement will be eligible for sale in the public market
beginning immediately after the effective date of such registration statement, subject to Rule 144 volume limitations applicable to affiliates, vesting restrictions and the lock-up agreements described below. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>REGISTRATION RIGHTS</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain of our current holders of
shares of our common stock outstanding prior to this offering will, after the expiration of the lock-up period, be entitled to certain rights with respect to the registration of the offer and sale of those shares under the Securities Act. For a
description of these registration rights, please see the section titled &#147;Certain Relationships and Related-Party Transactions&#151;Registration Rights.&#148; If the offer and sale of these shares are registered, they will be freely tradable
without restriction under the Securities Act. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>LOCK-UP AGREEMENTS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with this offering, we, our executive officers, directors, and holders of substantially all of our common stock have agreed not to sell any
shares of our common stock for a period of 180 days from the date of this prospectus, subject to certain exceptions. We refer you to &#147;Underwriting&#151;No Sales of Similar Securities.&#148; </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">105 </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_17"></A>Material U.S. Federal Income Tax Consequences to Non-U.S. Holders </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following discussion is a summary of the material U.S. federal income tax consequences to non-U.S. holders (as defined below) of the purchase, ownership
and disposition of our common stock issued pursuant to this offering, but does not purport to be a complete analysis of all potential tax effects. The effects of other U.S. federal tax laws, such as estate and gift tax laws, and any applicable
state, local or foreign tax laws are not discussed. This discussion is based on the Internal Revenue Code of 1986, as amended, or the Code, Treasury Regulations promulgated thereunder, judicial decisions and published rulings and administrative
pronouncements of the Internal Revenue Service, or the IRS, in effect as of the date of this offering. These authorities may change or be subject to differing interpretations. Any such change may be applied retroactively in a manner that could
adversely affect a non-U.S. holder of our common stock. We have not sought and will not seek any rulings from the IRS regarding the matters discussed below. There can be no assurance that the IRS or a court will not take a contrary position
regarding the tax consequences of the purchase, ownership and disposition of our common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This discussion is limited to non-U.S. holders that hold
our common stock as a &#147;capital asset&#148; within the meaning of Section&nbsp;1221 of the Code (generally property held for investment). This discussion does not address all U.S. federal income tax consequences relevant to a non-U.S.
holder&#146;s particular circumstances, including the impact of the unearned income Medicare contribution tax. In addition, it does not address consequences relevant to non-U.S. holders subject to particular rules, including, without limitation:
</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>
<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">U.S. expatriates and certain former citizens or long-term residents of the United States; </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>
<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">persons subject to the alternative minimum tax; </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>
<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">persons holding our common stock as part of a hedge, straddle or other risk reduction strategy or as part of a conversion transaction or other integrated investment; </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>
<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">banks, insurance companies and other financial institutions; </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>
<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">real estate investment trusts or regulated investment companies; </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>
<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">brokers, dealers or traders in securities; </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>
<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">&#147;controlled foreign corporations,&#148; &#147;passive foreign investment companies&#148; and corporations that accumulate earnings to avoid U.S. federal income tax; </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>
<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">partnerships or other entities or arrangements treated as partnerships for U.S. federal income tax purposes; </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>
<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">tax-exempt organizations or governmental organizations; </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>
<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">persons deemed to sell our common stock under the constructive sale provisions of the Code; </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>
<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">persons who hold or receive our common stock pursuant to the exercise of any employee stock option or otherwise as compensation; 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>
<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">tax-qualified retirement plans. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If a partnership (or other entity or arrangement treated as a partnership for
U.S. federal income tax purposes) holds our common stock, the tax treatment of a partner in the partnership will depend on the status of the partner, the activities of the partnership and certain determinations made at the partner level.
Accordingly, partnerships holding our common stock and the partners in such partnerships should consult their own tax advisors regarding the U.S. federal income tax consequences to them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>THIS DISCUSSION IS FOR INFORMATION PURPOSES ONLY AND IS NOT INTENDED AS TAX ADVICE. INVESTORS SHOULD CONSULT THEIR OWN TAX ADVISORS WITH RESPECT TO THE
APPLICATION OF THE U.S. FEDERAL INCOME TAX LAWS TO THEIR PARTICULAR </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">106 </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>
SITUATIONS AS WELL AS ANY TAX CONSEQUENCES OF THE PURCHASE, OWNERSHIP AND DISPOSITION OF OUR COMMON STOCK ARISING UNDER THE U.S. FEDERAL ESTATE OR GIFT TAX LAWS OR UNDER THE LAWS OF ANY STATE,
LOCAL OR NON-U.S. TAXING JURISDICTION OR UNDER ANY APPLICABLE INCOME TAX TREATY. </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Definition of a Non-U.S. Holder </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of this discussion, a &#147;non-U.S. holder&#148; is any beneficial owner of our common stock that is neither a &#147;U.S. person&#148; nor a
partnership for U.S. federal income tax purposes. A U.S. person is any of 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>
<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">an individual who is a citizen or resident of the United States; </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>
<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">a corporation (or other entity treated as a corporation for U.S. federal income tax purposes) created or organized under the laws of the United States, any state thereof, or the District of Columbia; </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>
<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">an estate, the income of which is subject to U.S. federal income tax regardless of its source; or </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>
<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">a trust that (1)&nbsp;is subject to the primary supervision of a U.S. court and the control of one or more U.S. persons (within the meaning of Section&nbsp;7701(a)(30) of the Code), or (2)&nbsp;has made a valid election
under applicable Treasury Regulations to continue to be treated as a U.S. person. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Distributions </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As described in the section captioned &#147;Dividend Policy,&#148; we do not anticipate declaring or paying dividends to holders of our common stock in the
foreseeable future. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If we do, however, make distributions on our common stock, such distributions of cash or property on our common stock will constitute
dividends for U.S. federal income tax purposes to the extent paid from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the discussion below regarding backup withholding and payments made to certain foreign accounts, dividends paid to a non-U.S. holder of our common
stock that are not effectively connected with the non-U.S. holder&#146;s conduct of a trade or business within the United States will be subject to U.S. federal withholding tax at a rate of 30% of the gross amount of the dividends (or such lower
rate as may be specified by an applicable income tax treaty). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amounts not treated as dividends for U.S. federal income tax purposes will constitute a
return of capital and first be applied against and reduce a non-U.S. holder&#146;s adjusted tax basis in its common stock, but not below zero. Any excess will be treated as capital gain and will be treated as described below in the section relating
to the sale or other taxable disposition of the common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Non-U.S. holders will be entitled to a reduction in or an exemption from withholding on
dividends as a result of either (a)&nbsp;qualifying for the benefits of an applicable income tax treaty or (b)&nbsp;the non-U.S. holder holding our common stock in connection with the conduct of a trade or business within the United States and
dividends being paid in connection with that trade or business. To claim such a reduction in or exemption from withholding, the non-U.S. holder must provide the applicable withholding agent with a properly executed (a)&nbsp;IRS Form W-8BEN claiming
an exemption from or reduction of the withholding tax under the benefit of an applicable income tax treaty, (b)&nbsp;IRS Form W-8ECI stating that the dividends are effectively connected with the conduct by the non-U.S. holder of a trade or business
within the United States or (c)&nbsp;a suitable substitute form, as may be applicable. These certifications must be provided to the applicable withholding agent prior to the payment of dividends and must be updated periodically. Non-U.S. holders
that do not timely provide the applicable withholding agent with the required certification, but that qualify for a reduced rate under an applicable income tax treaty, may obtain a refund of any excess amounts withheld by timely filing an
appropriate claim for refund with the IRS. </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">107 </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">Subject to the discussion below regarding backup withholding and payments made to certain foreign accounts, if
dividends paid to a non-U.S. holder are effectively connected with the non-U.S. holder&#146;s conduct of a trade or business within the United States (and, if required by an applicable income tax treaty, the non-U.S. holder maintains a permanent
establishment in the United States to which such dividends are attributable), then, although exempt from U.S. federal withholding tax (provided the non-U.S. holder provides appropriate certification, as described above), the non-U.S. holder will be
subject to U.S. federal income tax on such dividends on a net income basis at the regular graduated U.S. federal income tax rates. In addition, a non-U.S. holder that is or is treated as a corporation for U.S. federal income tax purposes may be
subject to an additional branch profits tax at a rate of 30% (or such lower rate specified by an applicable income tax treaty) on its effectively connected earnings and profits for the taxable year that are attributable to such dividends, as
adjusted for certain items. Non-U.S. holders should consult their own tax advisors regarding their entitlement to benefits under any applicable income tax treaty. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Sale or Other Taxable Disposition </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the
discussion below regarding backup withholding and payments made to certain foreign accounts, a non-U.S. holder will not be subject to U.S. federal income tax on any gain realized upon the sale or other taxable disposition of our common stock unless:
</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>
<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">the gain is effectively connected with the non-U.S. holder&#146;s conduct of a trade or business within the United States (and, if required by an applicable income tax treaty, the non-U.S. holder maintains a permanent
establishment in the United States to which such gain is attributable); </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>
<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">the non-U.S. holder is a nonresident alien individual present in the United States for 183 days or more during the taxable year of the disposition and certain other requirements are met; or </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>
<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">our common stock constitutes a U.S. real property interest within the meaning of the Foreign Investment in Real Property Tax Act by reason of our status as a U.S. real property holding corporation, or a USRPHC, for U.S.
federal income tax purposes. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Gain described in the first bullet point above will generally be subject to U.S. federal income tax on a net
income basis at the regular graduated U.S. federal income tax rates. A non-U.S. holder that is a foreign corporation also may be subject to an additional branch profits tax at a rate of 30% (or such lower rate specified by an applicable income tax
treaty) on a portion of its effectively connected earnings and profits for the taxable year, as adjusted for certain items. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A non-U.S. holder described
in the second bullet point above will be subject to U.S. federal income tax at a rate of 30% (or such lower rate as may be specified by an applicable income tax treaty) on any gain derived from the sale or other taxable disposition, which may be
offset by certain U.S. source capital losses of the non-U.S. holder (even though the individual is not considered a resident of the United States) provided the non-U.S. holder timely files U.S. federal income tax returns with respect to such losses.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With respect to the third bullet point above, we are not, and do not anticipate that we will become, a USRPHC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Non-U.S. holders should consult their own tax advisors regarding potentially applicable income tax treaties that may provide for different rules. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Information Reporting and Backup Withholding </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to
the discussion below regarding payments made to certain foreign accounts, a non-U.S. holder generally will not be subject to backup withholding with respect to payments of dividends on our common stock we make to the non-U.S. holder, provided the
applicable withholding agent does not have actual knowledge or reason to know such holder is a U.S. person and the holder certifies its non-U.S. status by providing a valid IRS </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">108 </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">
Form W-8BEN or W-8ECI, or other applicable certification, or otherwise establishes an exception. However, information returns will be filed with the IRS in connection with any dividends on our
common stock paid to the non-U.S. holder, regardless of whether any tax was actually withheld. Copies of these information returns may also be made available under the provisions of a specific treaty or agreement to the tax authorities of the
country in which the non-U.S. holder resides or is established. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information reporting and backup withholding may apply to the proceeds of a sale of our
common stock within the United States, and information reporting may (although backup withholding will generally not) apply to the proceeds of a sale of our common stock outside the United States conducted through certain U.S.-related financial
intermediaries, in each case, unless the beneficial owner certifies under penalty of perjury that it is a non-U.S. person on IRS Form W-8BEN or other applicable form (and the payor does not have actual knowledge or reason to know that the beneficial
owner is a U.S. person) or otherwise establishes an exemption. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Backup withholding is not an additional tax. Any amounts withheld under the backup
withholding rules may be allowed as a refund or a credit against a non-U.S. holder&#146;s U.S. federal income tax liability, provided the required information is timely furnished to the IRS. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Additional Withholding Tax on Payments Made to Foreign Accounts </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Withholding taxes may be imposed under the provisions of the law generally known as the Foreign Account Tax Compliance Act, or FATCA, on certain types of
payments made to non-U.S. financial institutions and certain other non-U.S. entities. Specifically, a 30% withholding tax may be imposed on dividends on, or gross proceeds from the sale or other disposition of, our common stock paid to a
&#147;foreign financial institution&#148; or a &#147;non-financial foreign entity&#148; (each as defined in the Code), unless (1)&nbsp;the foreign financial institution undertakes certain diligence and reporting obligations, (2)&nbsp;the
non-financial foreign entity either certifies it does not have any &#147;substantial U.S. owners&#148; (as defined in the Code) or furnishes identifying information regarding each substantial U.S. owner or (3)&nbsp;the foreign financial institution
or non-financial foreign entity otherwise qualifies for an exemption from these rules. If the payee is a foreign financial institution and is subject to the diligence and reporting requirements in (1)&nbsp;above, it must enter into an agreement with
the U.S. Department of the Treasury requiring, among other things, that it undertake to identify accounts held by certain &#147;specified U.S. persons&#148; or &#147;U.S.-owned foreign entities&#148; (each as defined in the Code), annually report
certain information about such accounts and withhold 30% on payments to non-compliant foreign financial institutions and certain other account holders. An intergovernmental agreement between the United States and an applicable foreign country, or
future Treasury Regulations or other guidance, may modify these requirements. Accordingly, the entity through which our common stock is held will affect the determination of whether such withholding is required. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under the applicable Treasury Regulations and recent guidance from the IRS, withholding under FATCA will generally apply to payments of dividends on our
common stock made on or after July&nbsp;1, 2014 and to payments of gross proceeds from the sale or other disposition of such stock on or after January&nbsp;1, 2017. The FATCA withholding tax will apply to all withholdable payments without regard to
whether the beneficial owner of the payment would otherwise be entitled to an exemption from imposition of withholding tax pursuant to an applicable tax treaty with the United States or U.S. domestic law. We will not pay additional amounts to
holders of our common stock in respect of any amounts withheld. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Prospective investors should consult their own tax advisors regarding the potential
application of withholding under FATCA to their investment in our common stock. </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">109 </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_18"></A>Underwriting </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We and the selling stockholder are offering the shares of our common stock described in this prospectus through the underwriters named below. Deutsche Bank
Securities Inc. and UBS Securities LLC are acting as joint book-running managers of this offering and as representatives of the underwriters. We and the selling stockholder have entered into an underwriting agreement with the representatives.
Subject to the terms and condition of the underwriting agreement, each of the underwriters has severally agreed to purchase, and we and the selling stockholder have agreed to sell to the underwriters, the number of shares of common stock listed next
to its name in the following table. </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="78%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:43.10pt; font-size:8pt; font-family:Times New Roman"><B>Underwriter</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of Shares</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deutsche Bank Securities Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">UBS Securities LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Zelman Partners LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BB&amp;T&nbsp;Capital&nbsp;Markets,&nbsp;a&nbsp;division&nbsp;of&nbsp;BB&amp;T&nbsp;Securities, LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">KeyBanc Capital Markets Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SunTrust Robinson Humphrey, Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The underwriting agreement provides that the underwriters must buy all of the shares of common stock if they buy any of them.
However, the underwriters are not required to pay for the shares covered by the underwriters&#146; option to purchase additional shares as described below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our common stock is offered subject to a number of conditions, including: </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>
<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">receipt and acceptance of our common stock by the underwriters; 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>
<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">the underwriters&#146; right to reject orders in whole or in part. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have been advised by the
representatives that the underwriters intend to make a market in our common stock but that they are not obligated to do so and may discontinue making a market at any time without notice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with this offering, certain of the underwriters or securities dealers may distribute prospectuses electronically. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>OPTION TO PURCHASE ADDITIONAL SHARES </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have granted the
underwriters an option to buy up to an aggregate of 1,350,000 additional shares of our common stock. The underwriters have 30 days from the date of this prospectus to exercise this option. If the underwriters exercise this option, they will each
purchase additional shares of common stock approximately in proportion to the amounts specified in the table above. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>DISCOUNTS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Shares sold by the underwriters to the public will initially be offered at the initial offering price set forth on the cover of this prospectus. Any shares
sold by the underwriters to securities dealers may be sold at a discount of up to $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;per share from the initial public offering price. Sales of shares made outside of the United States may be made
by affiliates of the underwriters. If all the shares are not sold at the initial public offering price, the representatives may change the offering price and the other selling terms. Upon execution of the underwriting agreement, the underwriters
will be obligated to purchase the shares at the prices and upon the terms stated therein. The representatives of the underwriters have informed us that they do not expect to sell more than an aggregate of five percent of the total number of shares
of common stock offered by them to accounts over which such representatives exercise discretionary authority. </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">110 </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">The following table shows the per share and total underwriting discounts we and the selling stockholder will pay
to the underwriters assuming both no exercise and full exercise of the underwriters&#146; option to purchase up to additional shares. </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:8pt" ALIGN="center">


<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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>Paid by us</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>Paid&nbsp;by&nbsp;the&nbsp;Selling&nbsp;Stockholder</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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>No&nbsp;Exercise</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>Full&nbsp;Exercise</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>No&nbsp;Exercise</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>Full&nbsp;Exercise</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR>
<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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Per share (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Includes $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; per share to be paid to our financial advisor, Moelis &amp; Company LLC. See &#147;&#151;Financial Advisor.&#148; </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We estimate that the total expenses of the offering payable by us, including the expenses of the selling stockholder but not including the underwriting
discounts, will be approximately $7.1 million, which includes an amount not to exceed $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; that we have agreed to reimburse the underwriters for certain expenses (including fees of
counsel for FINRA-related matters) incurred by them in connection with this offering. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NO SALES OF SIMILAR SECURITIES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We, our executive officers and directors, and holders of substantially all of our common stock have entered into lock-up agreements with the underwriters.
Under the lock-up agreements, subject to certain exceptions, we and each of these persons may not, without the prior written approval of Deutsche Bank Securities and UBS Securities LLC, offer, sell, contract to sell, pledge or otherwise dispose of,
directly or indirectly, or hedge our common stock or securities convertible into or exchangeable or exercisable for our common stock. These restrictions will be in effect for a period of 180 days after the date of this prospectus. Deutsche Bank
Securities and UBS Securities LLC may, at any time and in their sole discretion, release some or all the securities from these lock-up agreements. If the restrictions under the lock-up agreements are waived, shares of our common stock may become
available for resale into the market, subject to applicable law, which could reduce the market price of our common stock. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>INDEMNIFICATION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have agreed to indemnify the several underwriters and the selling stockholder against certain liabilities, including certain liabilities under the
Securities Act. If we are unable to provide this indemnification, we and the selling stockholder have agreed to contribute to payments the underwriters may be required to make in respect of those liabilities. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NEW YORK STOCK EXCHANGE QUOTATION </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have applied to
list our common stock on the NYSE under the symbol &#147;IBP.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PRICE STABILIZATION, SHORT POSITIONS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with this offering, the underwriters may engage in activities that stabilize, maintain or otherwise affect the price of our common stock during
and after this offering, including: </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>
<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">stabilizing transactions; </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>
<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">short sales; </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>
<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">purchases to cover positions created by short sales; </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>
<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">imposition of penalty bids; 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>
<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">syndicate covering transactions. </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">111 </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">Stabilizing transactions consist of bids or purchases made for the purpose of preventing or retarding a decline
in the market price of our common stock while this offering is in progress. Stabilization transactions permit bids to purchase the underlying security so long as the stabilizing bids do not exceed a specified maximum. These transactions may also
include making short sales of our common stock, which involve the sale by the underwriters of a greater number of shares of common stock than they are required to purchase in this offering and purchasing shares of common stock on the open market to
cover short positions created by short sales. Short sales may be &#147;covered short sales,&#148; which are short positions in an amount not greater than the underwriters&#146; option to purchase additional shares referred to above, or may be
&#147;naked short sales,&#148; which are short positions in excess of that amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The underwriters may close out any covered short position by either
exercising their option, in whole or in part, or by purchasing shares in the open market. In making this determination, the underwriters will consider, among other things, the price of shares available for purchase in the open market as compared to
the price at which they may purchase shares through the underwriters&#146; option. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Naked short sales are short sales made in excess of the
underwriters&#146; option. The underwriters must close out any naked short position by purchasing shares in the open market. A naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure on
the price of the common stock in the open market that could adversely affect investors who purchased in this offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The underwriters also may impose a
penalty bid. This occurs when a particular underwriter repays to the underwriters a portion of the underwriting discount received by it because the representatives have repurchased shares sold by or for the account of that underwriter in stabilizing
or short covering transactions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These stabilizing transactions, short sales, purchases to cover positions created by short sales, the imposition of
penalty bids and syndicate covering transactions may have the effect of raising or maintaining the market price of our common stock or preventing or retarding a decline in the market price of our common stock. As a result of these activities, the
price of our common stock may be higher than the price that otherwise might exist in the open market. The underwriters may carry out these transactions on the NYSE, in the over-the-counter market or otherwise. Neither we nor the underwriters make
any representation or prediction as to the effect that the transactions described above may have on the price of the shares. Neither we, nor any of the underwriters make any representation that the underwriters will engage in these stabilization
transactions or that any transaction, once commenced, will not be discontinued without notice. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>DETERMINATION OF OFFERING PRICE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Prior to this offering, there was no public market for our common stock. The initial public offering price will be determined by negotiation among us, the
selling stockholder and the representatives of the underwriters. The principal factors to be considered in determining the initial public offering price include: </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>
<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">the information set forth in this prospectus and otherwise available to the representatives; </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>
<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">our history and prospects and the history and prospects for the industry in which we compete; </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>
<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">our past and present financial 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>
<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">an assessment of our management; </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>
<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">our prospects for future earnings and the present state of our development; </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>
<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">the general condition of the securities market at the time of this offering; </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>
<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">the recent market prices of, and demand for, publicly traded common stock of generally comparable companies; 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>
<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">other factors deemed relevant by the underwriters and us. </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">112 </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">The estimated public offering price range set forth on the cover page of this preliminary prospectus is subject
to change as a result of market conditions and other factors. Neither we nor the underwriters can assure investors that an active trading market will develop for our common stock or that the common stock will trade in the public market at or above
the initial public offering price. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>AFFILIATIONS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
underwriters and their respective affiliates are full service financial institutions engaged in various activities, which may include securities trading, commercial and investment banking, financial advisory, investment management, investment
research, principal investment, hedging, financing and brokerage activities. The underwriters and their affiliates may from time to time in the future engage with us or the selling stockholder and perform services for us or the selling stockholder
in the ordinary course of their business for which they will receive customary fees and expenses. In the ordinary course of their various business activities, the underwriters and their respective affiliates may make or hold a broad array of
investments and actively trade debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts of their customers, and such investment and securities
activities may involve securities and/or instruments of us or the selling stockholder. The underwriters and their respective affiliates may also make investment recommendations and/or publish or express independent research views in respect of these
securities or instruments and may at any time hold, or recommend to clients that they acquire, long and/or short positions in these securities and instruments. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FINANCIAL ADVISOR </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have retained Moelis&nbsp;&amp;
Company LLC, or Moelis, to act as our independent financial advisor in connection with this offering. Moelis is engaged to represent our interests only, is independent of the underwriters and is not a party to any securities purchase agreement with
us, the underwriters or investors in relation to this offering. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Moelis is not acting as an underwriter and will not sell or offer to sell any securities
in this offering, nor will it identify or solicit potential investors in this offering. We will pay Moelis a financial advisory fee equal to $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(and if the
underwriters&#146; option to purchase additional shares is exercised in full, an additional $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;), which includes financial advisory fees attributable to shares of common stock
sold by the selling stockholder. In addition, Moelis will be paid $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, or $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; per share of the underwriting
discount (and if the underwriters&#146; option to purchase additional shares is exercised in full, an additional $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; , or
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; per share of the underwriting discount) on shares of common stock sold by us and the selling stockholder. We have agreed to reimburse Moelis an amount not to exceed $25,000
for its reasonable out-of-pocket expenses incurred in entering into and performing its services, including the costs of its legal counsel, and we shall indemnify Moelis for matters relating to this offering. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ELECTRONIC DISTRIBUTION </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A prospectus in electronic
format may be made available on the Internet sites or through other online services maintained by one or more of the underwriters participating in this offering, or by their affiliates. In those cases, prospective investors may view offering terms
online and, depending upon the particular underwriter, prospective investors may be allowed to place orders online. The underwriters may agree with us to allocate a specific number of shares for sale to online brokerage account holders. Any such
allocation for online distributions will be made by the underwriters on the same basis as other allocations. Other than the prospectus in electronic format, the information on any underwriter&#146;s website and any information contained in any other
website maintained by an underwriter is not part of the prospectus or the registration statement of which this prospectus forms a part, has not been approved and/or endorsed by us or any underwriter in its capacity as underwriter and should not be
relied upon by investors. </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">113 </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>NOTICE TO PROSPECTIVE INVESTORS IN EUROPEAN ECONOMIC AREA </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In relation to each Member State of the European Economic Area that has implemented the Prospectus Directive (each, a &#147;Relevant Member State&#148;), an
offer to the public of any shares that are the subject of the offering contemplated by this prospectus (the &#147;Shares&#148;) may not be made in that Relevant Member State except that an offer to the public in that Relevant Member State of any
Shares may be made at any time under the following exemptions under the Prospectus Directive, if they have been implemented in that Relevant Member State: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) to any legal entity that is a qualified investor as defined under the Prospectus Directive; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) by the underwriters to fewer than 100, or, if the Relevant Member State has implemented the relevant provisions of the 2010 PD Amending Directive, 150,
natural or legal persons (other than qualified investors as defined in the Prospectus Directive) subject to obtaining the prior consent of the lead underwriters for any such offer; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(c) in any other circumstances falling within Article 3(2) of the Prospectus Directive; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">provided that no such offer of Shares shall result in a requirement for us or any underwriter to publish a prospectus pursuant to Article 3 of the Prospectus
Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the purposes of this provision, the expression an
&#147;offer to the public&#148; in relation to any Shares in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and any Shares to be offered so as to enable an investor
to decide to purchase any Shares, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State. The expression &#147;Prospectus Directive&#148; means Directive 2003/71/EC (and amendments
thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in each Relevant Member State and the expression &#147;2010 PD Amending Directive&#148; means
Directive 2010/73/EU. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The EEA selling restriction is in addition to any other selling restrictions set out in this prospectus. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTICE TO PROSPECTIVE INVESTORS IN UNITED KINGDOM </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
prospectus is only being distributed to and is only directed at: (1)&nbsp;persons who are outside the United Kingdom; (2)&nbsp;investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005, or the Order; or (3)&nbsp;high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d)&nbsp;of the Order (all such persons falling within (1)-(3)&nbsp;together being referred
to as &#147;relevant persons&#148;). The shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such shares will be engaged in only with, relevant persons. Any person who is not a relevant
person should not act or rely on this prospectus or any of its contents. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTICE TO PROSPECTIVE INVESTORS IN SWITZERLAND </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The prospectus does not constitute an issue prospectus pursuant to Article 652a or Article 1156 of the Swiss Code of Obligations, or the CO, and the shares
will not be listed on the SIX Swiss Exchange. Therefore, the prospectus may not comply with the disclosure standards of the CO and/or the listing rules (including any prospectus schemes) of the SIX Swiss Exchange. Accordingly, the shares may not be
offered to the public in or from Switzerland, but only to a selected and limited circle of investors, which do not subscribe to the shares with a view to distribution. </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">114 </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:12pt; font-family:Times New Roman"><B><A NAME="rom614029_19"></A>Legal Matters </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain legal matters, including validity of the shares of common stock offered herein, will be passed upon by Proskauer Rose LLP, New York, New York and
certain legal matters will be passed upon for the underwriters by Skadden, Arps, Slate, Meagher&nbsp;
&amp; Flom LLP, New York, New York. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><A NAME="rom614029_20"></A>Experts </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The consolidated financial statements as of December&nbsp;31, 2012 and June&nbsp;30, 2013 and for the twelve-month and six-month periods ended
December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively, as included in this prospectus have been audited by Deloitte&nbsp;&amp; Touche LLP, an independent registered public accounting firm, as stated in their report appearing herein. Such
consolidated financial statements have been so included on reliance upon the report of such firm given upon their authority as experts in accounting and auditing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The consolidated financial statements as of December&nbsp;31, 2011 and for the year then ended included in this prospectus have been so included in reliance
on the report of Crowe Horwath LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.</P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><A NAME="rom614029_21"></A>Where You Can Find More Information </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have filed with the SEC a registration statement on Form S-1 under the Securities Act with respect to the shares of our common stock being offered by this
prospectus. This prospectus, which constitutes part of that registration statement, does not contain all of the information set forth in the registration statement or the exhibits and schedules that are part of the registration statement. Some items
included in the registration statement are omitted from the prospectus in accordance with the rules and regulations of the SEC. For further information with respect to us and the common stock offered in this prospectus, we refer you to the
registration statement and the accompanying exhibits and schedules filed therewith. Statements contained in this prospectus regarding the contents of any contract or any other document that is filed as an exhibit to the registration statement are
not necessarily complete, and each such statement is qualified in all respects by reference to the full text of such contract or other document filed as an exhibit to the registration statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A copy of the registration statement and the accompanying exhibits and any other document we file may be inspected without charge at the public reference
facilities maintained by the SEC at 100 F Street, N.E., Washington, D.C. 20549 and copies of all or any part of the registration statement may be obtained from this office upon the payment of the fees prescribed by the SEC. The public may obtain
information on the operation of the public reference facilities in Washington, D.C. by calling the SEC at 1-800-SEC-0330. Our filings with the SEC are available to the public from the SEC&#146;s website at www.sec.gov. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon the completion of this offering, we will be subject to the information and periodic reporting requirements of the Exchange Act and, in accordance
therewith, we will file proxy statements, periodic information and other information with the SEC. All documents filed with the SEC are available for inspection and copying at the public reference room and website of the SEC referred to above. We
maintain a website at www.installedbuildingproducts.com. You may access our reports, proxy statements and other information free of charge at this website as soon as reasonably practicable after such material is electronically filed with, or
furnished to, the SEC. The information contained in, or that can be accessed through, our websites is not incorporated by reference into this prospectus or registration statement of which this prospectus forms a part, and you should not rely on any
such information in making your decision whether to purchase our securities. </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">115 </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>INSTALLED BUILDING PRODUCTS, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom614029_22"></A>INDEX TO THE CONSOLIDATED FINANCIAL STATEMENTS </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="94%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>AUDITED CONSOLIDATED FINANCIAL STATEMENTS</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_1">REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMS </A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-2</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_2">CONSOLIDATED BALANCE SHEETS as of December&nbsp;31, 2011 and 2012 </A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_3">CONSOLIDATED STATEMENTS OF OPERATIONS for the years ended December&nbsp;31, 2011 and 2012</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_4">CONSOLIDATED STATEMENTS OF STOCKHOLDERS&#146; EQUITY AND REDEEMABLE INSTRUMENTS for the years ended December&nbsp;31,
 2011 and 2012 </A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_5">CONSOLIDATED STATEMENTS OF CASH FLOWS for the years ended December&nbsp;31, 2011 and 2012</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_6">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_7">CONSOLIDATED BALANCE SHEETS as of December&nbsp;31, 2012 and June&nbsp;30, 2013 </A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_8">CONSOLIDATED STATEMENTS OF OPERATIONS for the six months ended June&nbsp;30, 2012 (unaudited) and
2013</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_9">CONSOLIDATED STATEMENTS OF STOCKHOLDERS&#146; EQUITY AND REDEEMABLE INSTRUMENTS for the six months ended June&nbsp;30,
 2012 (unaudited) and 2013</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_10">CONSOLIDATED STATEMENTS OF CASH FLOWS for the six months ended June&nbsp;30, 2012 (unaudited) and
2013</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_11">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_12">CONDENSED CONSOLIDATED BALANCE SHEETS as of December&nbsp;31, 2012 and September&nbsp;30, 2013 </A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_13">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS for the nine months ended September&nbsp;30, 2012 and
2013</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_14">CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS&#146; EQUITY AND REDEEMABLE INSTRUMENTS for the nine months ended
 September&nbsp;30, 2012 and 2013 </A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_15">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS for the nine months ended September&nbsp;30, 2012 and 2013
</A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin1614029_16">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS </A></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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"><A NAME="fin1614029_1"></A>Report of Independent Registered Public Accounting Firm </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Board of Directors </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Installed Building Products, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Columbus, Ohio </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have audited the accompanying consolidated
balance sheet of Installed Building Products, Inc. as of December&nbsp;31, 2011, and the related consolidated statements of operations, stockholders&#146; equity and redeemable instruments, and cash flows for the year then ended. These financial
statements are the responsibility of the Company&#146;s management. Our responsibility is to express an opinion on these financial statements based on our audit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial
reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the Company&#146;s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of
December&nbsp;31, 2011, and the results of its operations and its cash flows for the year then ended, in conformity with U.S. generally accepted accounting principles. </P>
<P STYLE="margin-top:36pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">/s/ Crowe Horwath LLP </P>
<P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Columbus, Ohio </P>  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December&nbsp;9, 2013, (except for the
effect of the common and preferred share authorization and common stock split discussed in Note&nbsp;15, as to which the date is February 10, 2014) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center"><B>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To the Board of Directors of Installed Building Products,&nbsp;Inc.: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have audited the accompanying consolidated balance sheets of Installed Building Products, Inc. and subsidiaries (formerly known as CCIB
Holdco, Inc.) (the &#147;Company&#148;) as of June&nbsp;30, 2013 and December&nbsp;31, 2012 and the related consolidated statements of operations, stockholders&#146; equity and redeemable instruments and cash flows for the six month period ended
June&nbsp;30, 2013 and the year ended December&nbsp;31, 2012. These consolidated financial statements are the responsibility of the Company&#146;s management. Our responsibility is to express an opinion on these consolidated financial statements
based on our audits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United
States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to
perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the Company&#146;s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and
disclosures in the consolidated financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In our opinion, such consolidated financial statements present fairly, in all material
respects, the financial position of the Company and subsidiaries as of June&nbsp;30, 2013 and December&nbsp;31, 2012, and the results of their operations and their cash flows for the six month period ended June&nbsp;30, 2013 and the year ended
December&nbsp;31, 2012, in conformity with accounting principles generally accepted in the United States of America. </P>  <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ DELOITTE &amp; TOUCHE LLP
</P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Columbus, OH </P>  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December&nbsp;9, 2013
(February&nbsp;10, 2014 as to the effect of the common and preferred share authorization and common stock split discussed in Note&nbsp;15) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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; font-size:10pt; font-family:Times New Roman" ALIGN="center"><A NAME="fin1614029_2"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONSOLIDATED BALANCE SHEETS </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in
thousands, except for par value and share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></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="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center">As of December&nbsp;31,</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">2011</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">2012</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>ASSETS</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,528</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted cash</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts receivable (less allowance for doubtful accounts of $1,571 and $1,412 as of December&nbsp;31, 2011 and 2012,
respectively)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,360</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts receivable, related parties</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">655</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">774</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Inventories</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,325</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred income taxes</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">392</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">726</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Prepaid expenses, related parties</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">950</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">396</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other current assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,541</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,353</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total current assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,554</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,768</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property and equipment, net</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,931</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other non-current assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Goodwill</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,312</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intangibles, net</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,711</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other non-current assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,751</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total non-current assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62,774</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67,053</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">127,526</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">160,752</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>LIABILITIES, REDEEMABLE INSTRUMENTS AND STOCKHOLDERS&#146; EQUITY</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current maturities of long-term debt</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current maturities of capital lease obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,839</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,822</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts payable</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,843</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,330</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts payable, related parties</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income taxes payable</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued compensation</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,138</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other current liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,065</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total current liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,797</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term debt</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,784</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Capital lease obligations, less current maturities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,623</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Put option &#150; Series A Preferred Stock</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">925</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred income taxes</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,147</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other long-term liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,903</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,626</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77,499</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,373</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Commitments and contingencies (Note 11)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Series A Preferred Stock; $0.01 par value: 1,000 authorized,<BR>issued and outstanding as of December&nbsp;31, 2011 and 2012,
respectively (Note 15)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,086</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Redeemable Common Stock; $0.01 par value: 5,850,000 authorized,<BR>issued and outstanding as of December&nbsp;31, 2011 and 2012,
respectively (Note 15)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stockholders&#146; equity</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common Stock; $ 0.01 par value: 13,650,000 and 27,200,862 authorized, and 13,649,993 and 16,183,901 shares issued and outstanding as of
December&nbsp;31, 2011 and 2012, respectively (Note 15)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">137</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additional paid in capital</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accumulated deficit</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,697</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,603</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total stockholders&#146; equity</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,560</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,482</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total liabilities, redeemable instruments and stockholders&#146; equity</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">127,526</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">160,752</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center"><A NAME="fin1614029_3"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONSOLIDATED STATEMENTS OF OPERATIONS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share and per share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px 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="76%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Years ended December&nbsp;31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2011</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">2012</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">238,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">301,253</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181,221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">227,210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gross profit</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,226</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,043</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operating expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Selling</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,446</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,807</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Administrative</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Management fees, related parties</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,760</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gain on litigation settlement</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,975</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,785</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,082</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Impairment of intangibles</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(960</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operating loss</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17,130</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,896</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other expense (income)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest expense</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,673</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,979</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest expense, related parties</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,321</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gain on extinguishment of debt</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18,542</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(136</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,389</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,843</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss before income taxes</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,741</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,739</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax provision</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,449</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">555</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss from continuing operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,190</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,294</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Discontinued operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss (income) from discontinued operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,455</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,835</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax provision (benefit)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(660</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss (income) from discontinued operations, net of income taxes</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,795</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,388</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(8,985</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,906</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accretion charges on Series A Preferred Stock</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(811</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,529</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accretion charges on Pre-Recapitalization Preferred Units</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,621</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gain on extinguishment of Pre-Recapitalization Preferred Units</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,040</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net income (loss) attributable to common stockholders</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">73,623</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,435</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Weighted average shares outstanding (basic and diluted)</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,499,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,351,552</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net income (loss) per share (basic and diluted)</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income (loss) per share from continuing operations attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3.87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.49</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(Loss) income per share from discontinued operations attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.09</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income (loss) per share attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3.78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.37</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:48pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center"><A NAME="fin1614029_4"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONSOLIDATED STATEMENTS OF STOCKHOLDERS&#146; EQUITY AND REDEEMABLE INSTRUMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px 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:8pt" ALIGN="center">


<TR>
<TD WIDTH="30%"></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>
<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"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></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>
<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="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Common Stock</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">Series A-2<BR>Preferred</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Common<br>Members&#146;<BR>Equity</TD>
<TD VALIGN="bottom" ROWSPAN="3">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Additional<br>Paid In<BR>Capital</TD>
<TD VALIGN="bottom" ROWSPAN="3">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Accumulated<BR>Deficit</TD>
<TD VALIGN="bottom" ROWSPAN="3">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Members/<BR>Stockholders&#146;<br>Equity<B></B><B></B></TD>
<TD VALIGN="bottom" ROWSPAN="3">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="white-space:nowrap">Pre-Recapitalization&nbsp;Redeemable</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="white-space:nowrap">Post-Recapitalization&nbsp;Redeemable</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Shares</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Amount</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Shares</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Amount</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Preferred Units</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">Preferred&nbsp;Stock</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">Common Stock</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;Shares&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;Amount&nbsp;&nbsp;&nbsp;&nbsp;</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">Shares</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">Amount</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">Shares</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">Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">BALANCE&nbsp;&#150;&nbsp;January&nbsp;1,<BR>2011</P></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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,211,865</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,212</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(157,272</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(148,560</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">113,921,591</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">110,454</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Capital contribution from stockholders</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"></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;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,628</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,628</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Stock- based compensation</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"></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">780</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">780</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Conversion upon Recapitalization</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,649,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">137</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,211,865</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,212</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">146,265</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26,108</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">112,082</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(113,921,591</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(112,075</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,275</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,900</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Forgiveness of related party debt</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"></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,813</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,813</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Deferred tax effects resulting from Recapitalization</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"></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,573</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(712</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,285</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Net loss</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"></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;</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,985</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,985</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Accretion of Redeemable Preferred to Redemption Value</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"></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;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,621</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(811</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,432</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,621</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">811</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Adjustments to Redeemable Common Stock fair value measurement</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"></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(601</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(601</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">601</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">BALANCE&nbsp;&#150;&nbsp;January&nbsp;1,<BR>2012</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,649,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">137</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,697</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,560</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">44,086</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Issuance of common stock</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,533,908</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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"></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,075</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Capital contribution from stockholders</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"></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Stock-based compensation</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"></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,658</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,658</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</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></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Net loss</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"></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;</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,906</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,906</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Accretion of Redeemable Preferred to Redemption Value</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"></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,529</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,529</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,529</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Adjustments to Redeemable Common Stock fair value measurement</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"></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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,745</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,745</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&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;</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">BALANCE&nbsp;&#150;December&nbsp;31, 2012</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,183,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(11,603</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,482</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">49,615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to consolidated financial statements. </P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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"><A NAME="fin1614029_5"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONSOLIDATED STATEMENTS OF CASH FLOWS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px 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:9pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Years&nbsp;ended&nbsp;December&nbsp;31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;2011&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Cash flows from operating activities</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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(8,985</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,906</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Adjustments to reconcile net loss to net cash (used in) provided by operating activities</P></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-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Depreciation and amortization of property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,405</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,637</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Amortization of intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,986</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,082</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Amortization of deferred financing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Provision for doubtful accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Gain on sale of property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(240</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,280</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Noncash stock compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">780</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,658</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Gain on extinguishment of debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18,542</TD>
<TD NOWRAP VALIGN="bottom">)&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Deferred income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,536</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(767</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Impairment of intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,761</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Other</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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(142</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Changes in assets and liabilities, excluding effects of acquisitions in 2012</P></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="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Accounts receivable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,457</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,858</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Inventories</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,603</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,845</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Other assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(379</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,948</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Accounts payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(980</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,013</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Income taxes payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,225</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,339</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Other liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,752</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,602</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:9.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net cash (used in) provided by operating activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,755</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,594</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Cash flows from investing activities</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Restricted cash</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">459</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Purchases of property and equipment</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,062</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,929</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Acquisitions of businesses, net of cash acquired of $375 in 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(823</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Proceeds from sale of property and equipment</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Proceeds from insurance</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">441</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:9.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net cash provided by (used in) investing activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,743</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Cash flows from financing activities</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">(Payments) Proceeds from revolving lines of credit, net</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,472</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">486</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Proceeds from refinancing revolving line of credit</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,744</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Principal payments on long-term debt</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,960</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(511</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Payments on capital lease obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,181</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,956</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Capital contributions</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,628</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Deferred financing activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(814</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:9.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net cash provided by (used in) financing activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,945</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(481</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net change in cash</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(629</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,370</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Cash at beginning of year</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,528</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Cash at end of year</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,528</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Supplemental disclosures of cash flow information</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net cash paid during the year for:</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Interest</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,893</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Income taxes, net of refunds</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">378</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Supplemental disclosure of noncash investing and financing activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Vehicles capitalized under capital leases and related lease obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,816</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Common stock issued for acquisition of business</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Note payable issued in connection with acquisition of business</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">571</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Notes payable issued for acquisition of assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Recapitalization (see Notes 1, 5 and 10)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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; font-size:10pt; font-family:Times New Roman" ALIGN="center"><A NAME="fin1614029_6"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 1 &#150; ORGANIZATION AND RECAPITALIZATION
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Installed Building Products, Inc. (&#147;IBP&#148;, formerly CCIB Holdco, Inc.), a Delaware corporation formed on October&nbsp;28, 2011, and its
wholly owned subsidiaries (collectively referred to as the &#147;Company&#148; and &#147;we&#148;, &#147;us&#148; and &#147;our&#148;), primarily install insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors and other
products for residential and commercial builders located in the continental United States. IBP operates in over 100 locations within the continental United States and its corporate office is located in Columbus, Ohio. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have one operating segment and a single reportable segment. Substantially all of our net revenue comes from service-based installation of various products
in the new residential, repair and remodel and commercial construction end markets. Each of our branches has the capacity to serve all of our end markets. For the year ended December&nbsp;31, 2012, 86.2% of our net revenue was attributable to new
and existing residential construction, whereas 13.8% was attributable to commercial construction. For the year ended December&nbsp;31, 2011, 83.6% of our net revenue was attributable to new and existing residential construction, with the remaining
16.4% attributable to commercial construction. The Company has no international sales. All of the Company&#146;s identifiable assets are in the continental United States. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a summary of the annual percentage of installation net revenue by product category: </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="71%"></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Years&nbsp;ended&nbsp;December&nbsp;31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2011</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">2012</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Insulation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Garage doors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Shower doors, shelving and mirrors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rain gutters</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other building products</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>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>2011 Recapitalization </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Overview of Recapitalization</U> &#150; On November&nbsp;4, 2011, through a series of transactions, we merged our historical operations of IBP Holdings, LLC
(&#147;IBP I&#148;) and IBP Holdings II, LLC (&#147;IBP II&#148;), and their respective operating subsidiaries, into the newly formed holding company, IBP, as part of a merger of entities under common control (the &#147;Merger&#148;). The Merger was
accounted for in a manner similar to that of a pooling of interests. The consolidated financials are presented as if the Merger had taken place effective January&nbsp;1, 2011. Additionally, on November&nbsp;4, 2011, we entered into a series of
transactions with IBP I and IBP II stockholders and debt holders that extinguished the majority of our then-outstanding debt and equity instruments and in exchange IBP issued new debt and equity instruments (collectively with the Merger, referred to
as the &#147;Recapitalization&#148;). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Prior to the Recapitalization: </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2010, related parties IBP Funding Company, LLC and Primstone Funding Company, LLC purchased $27,778 of outstanding senior secured indebtedness, from certain
lenders in IBP I&#146;s credit facility, which was converted into a second lien position (the &#147;IBP I Second Lien Debt&#148;). Also in 2010, a related party, Edwards IBP Holdings, LLC purchased $8,212 of subordinated debt and equity in IBP I
held by a third party, which was converted into preferred equity in IBP I (&#147;Preferred Units&#148;). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Through a series of purchases in July 2011, Cetus Capital II, LLC (&#147;Cetus&#148;) purchased the remaining
$77,642 of IBP I&#146;s outstanding first lien senior secured indebtedness (the &#147;IBP I First Lien Debt&#148;). Certain of our owners made a capital contribution to IBP II, which was used by IBP II to repay $12,010 of outstanding indebtedness
under its credit facility (the &#147;IBP II Credit Facility&#148;). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>As part of the Recapitalization: </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On October&nbsp;28, 2011, CCIB Holdco, Inc., now known as &#147;IBP&#148;, was formed.&nbsp;IBP then formed four subsidiaries: IBHL A Holding Company, Inc.
(&#147;IBHL A&#148;), IBHL B Holding Company, Inc. (&#147;IBHL B&#148;), IBHL II-A Holding Company, Inc. (&#147;IBHL II-A&#148;) and IBHL II-B Holding Company, Inc. (&#147;IBHL II-B&#148;).</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;3, 2011, the IBP I Second Lien Debt of $27,778 was cancelled by IBP Funding Company, LLC and Primstone Funding Company, LLC and $4,308 of
interest owed was forgiven, $3,321 of which related to expense for the year ended December&nbsp;31, 2011, resulting in a gain from extinguishment of $32,086 that was recorded to additional paid-in capital, as this was an extinguishment with related
parties. Additionally, on November&nbsp;3, 2011, notes payable of $3,781 were cancelled and $946 of interest owed was forgiven, resulting in a gain from extinguishment of $4,727 that was recorded to additional paid-in capital, as this was an
extinguishment with a related party. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;4, 2011, Cetus contributed the IBP I First Lien Debt to IBP in exchange for 1,000 shares of IBP
Series A preferred stock (&#147;IBP Series A Preferred Stock&#148;) and 5,850,000 shares of redeemable common stock of IBP (&#147;Redeemable Common Stock&#148;). The newly issued shares of Common Stock and IBP Series A Preferred Stock were recorded
at their respective fair values of $14,900 and $43,275. The difference between the balance of the First Lien debt of $77,642 (including accrued interest of $2,380) as of November&nbsp;3, 2011 and the fair value of Common Stock and IBP Series A
Preferred Stock of $59,100, which includes $925 attributable to the fair value of the embedded put option which was required to be bifurcated and accounted for separately, was recorded as a gain on extinguishment of debt of $18,542 in the 2011
Consolidated Statement of Operations, which was equal to approximately $0.95 in earnings per common share on both a basic and diluted income per share basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Additionally, as a part of our Recapitalization, we entered into a stockholders agreement, or the Stockholders Agreement, relating to our common and preferred
stock. The Stockholders Agreement provides for certain restrictions on the ability of our stockholders to transfer shares of our equity securities. Certain holders of our equity securities were granted put rights, drag-along rights and pre-emptive
rights. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">IBP contributed the first lien debt to IBHL A and IBHL B in exchange for stock in those companies.&nbsp;IBHL A and IBHL B then contributed the
First Lien Debt to IBP I in exchange for membership interests in IBP I. The existing owners of IBP I and IBP II transferred their membership interests in IBP I and IBP II to IBP Investment Holdings, LLC (&#147;IBPIH&#148;), an IBP shareholder, in
exchange, through a series of mergers, for IBP stock. $25,978 was recorded to additional paid-in capital in the 2011 Consolidated Balance Sheet based on the carrying value of the IBP I and IBP II contributed equity in excess of the fair value of the
IBP Common Stock received. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In accordance with authoritative standards, the Company recorded a gain attributable to the common stockholders on the
extinguishment of the pre-Recapitalization Preferred units. The gain of $85,040 represents the excess of the carrying amount of the Series A1, Series A2, and Series B Preferred units immediately prior to the recapitalization over the fair value of
the Common Stock issued to those holders in connection with the recapitalization and is recorded as a component of stockholders&#146; equity. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Recapitalization Impact on Stock Based Awards</U> &#150; Additionally, IBP Management Holdings, LLC
(&#147;IBPMH&#148;) and IBPIH (holding company investors in IBP) were formed and previous holders of stock appreciation rights units in IBP I agreed to terminate their stock appreciation rights units in exchange for membership interest units in
IBPMH and IBPIH for no additional consideration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On various dates subsequent to the issuing of membership units in IBPMH and IBPIH, agreements (the
&#147;Employee Puts&#148;) were entered into between Jeff Edwards (our Chairman, President, Chief Executive Officer and controlling shareholder of IBP through indirect holding companies), as an individual, and certain IBP employees with respect to
the employees&#146; membership units in IBPMH and IBPIH, which allowed the holders to sell the units, at a fixed price, to Jeff Edwards. These Employee Puts expire on various dates through April 2014. For details on the accounting policy for these
awards, see Note&nbsp;2, Significant Accounting Policies. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 2 &#150; SIGNIFICANT ACCOUNTING POLICIES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Basis of Presentation and Principles of Consolidation </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Company prepares its consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (&#147;U.S. GAAP&#148;). The accompanying consolidated financial statements include all wholly owned
subsidiaries and majority owned subsidiaries. The non-controlling interest relating to majority owned subsidiaries is not significant for presentation. All significant intercompany accounts and transactions have been eliminated. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Use of Estimates </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Preparation of the consolidated
financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the allowance for doubtful accounts, valuation allowance on deferred tax assets, valuation of the reporting unit, intangible
assets and other long-lived assets, share based compensation, reserves for general liability, workers&#146; compensation, medical insurance and common stock and preferred stock. Management believes the accounting estimates are appropriate and
reasonably determined; however, due to the inherent uncertainties in making these estimates, actual amounts could differ from such estimates. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Cash and
Cash Equivalents </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We consider all highly liquid investments purchased with original term to maturity of three months or less to be cash equivalents.
Substantially all cash and cash equivalents are held in one bank. The bank provides FDIC coverage of $250 per depositor. Included in accounts payable are outstanding checks of $1,491 and $1,480 as of December&nbsp;31, 2011 and 2012, respectively.
Included in accrued compensation are outstanding checks of $603 and $506 as of December&nbsp;31, 2011 and 2012, respectively. We manage our cash to a zero balance account and borrow funds under the Revolving Line of Credit (the &#147;LOC&#148;) to
cover outstanding checks. Refer to Note&nbsp;5, Long-Term Debt for further details on the LOC. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Restricted Cash </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Restricted cash consists of deposits held by our insurance carrier for general liability and workers&#146; compensation reserves. Restricted cash is not
considered cash and cash equivalents for purposes of the statements of cash flows. Classification between current and long-term is dependent upon the timing of the intended use of each particular reserve. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Revenue Recognition </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Revenue from the sale and installation of products is recognized when all of the following have occurred: (i)&nbsp;persuasive evidence of an arrangement
exists, (ii)&nbsp;delivery has occurred or services have been rendered, (iii)&nbsp;the price is fixed or determinable and (iv)&nbsp;the ability to collect is reasonably assured. Revenue is recognized net of adjustments and discounts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Revenue from the sale and installation of products to customers is recognized at the time the installation is complete. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Business Combinations </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The purchase price for business
combinations is allocated to the estimated fair values of acquired tangible and intangible assets and assumed liabilities, including goodwill, where applicable. Additionally, we recognize customer relationships, trademarks and trade names, and
non-competition agreements as identifiable intangible assets. These assets are recorded at fair value as of the transaction date. The fair value of these intangibles is determined primarily using the income approach and using current industry
information, which involves significant unobservable inputs (Level 3 inputs). These inputs include projected sales, margin and tax rate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Accounts
Receivable </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company accounts for trade receivables based on amounts billed to customers. Past due receivables are determined based on contractual
terms. The Company does not accrue interest on any of its trade receivables. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Allowance for Doubtful Accounts </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company maintains an allowance for doubtful accounts for estimated losses resulting from the failure of customers to make required payments. The allowance
is determined by management based on the Company&#146;s historical losses, specific customer circumstances and general economic conditions. The Company analyzes aged accounts receivable and generally increases the allowance as receivables age.
Management reviews accounts receivable and records an allowance for specific customers based on current circumstances and charges off the receivable against the allowance when all attempts to collect the receivable have failed. This analysis is
performed regularly and the allowance is adjusted accordingly. In 2011, we changed our estimate in order to account for balances extended beyond newly established collection periods and rates determined to be reasonable.&nbsp;The estimate was
adjusted based upon internal studies of average collection periods, collection percentages of aged balances, trend analysis and changes in market conditions. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:175.25pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Allowance for doubtful accounts receivable</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">January&nbsp;1, 2011</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Charged to costs and expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Charged to other accounts (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">337</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Deductions (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,094</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">December&nbsp;31, 2011</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,571</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Charged to costs and expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Charged to other accounts (1)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">563</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Deductions (2)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,204</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">December&nbsp;31, 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,412</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:17%;border-bottom:1px solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Recovery of receivables previously written-off as bad debt. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Write-off of uncollectible accounts receivable. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Concentration of Credit Risk </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Credit risk is the risk of financial loss to the Company from the non-performance of a contractual obligation on the part of the Company&#146;s counterparty.
Such risk arises principally from the Company&#146;s receivables from customers and cash and bank balances. Substantially all of the Company&#146;s trade accounts receivable are from entities engaged in residential and commercial construction. The
Company performs periodic credit evaluations of its customers&#146; financial condition. The general credit risk of the Company&#146;s counterparties is not considered to be significant. In addition, no individual customer made up more than 3.0% of
net revenue for the years ended December&nbsp;31, 2011 or 2012. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Inventories </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Inventories consist of insulation, garage doors, rain gutters, shower doors, mirrors, closet shelving and other products. We install the products but do not
manufacture or modify them. We value inventory at the lower of cost or market with cost determined using the first-in, first-out (&#147;FIFO&#148;) method. As of December&nbsp;31, 2011 and 2012, all inventory was finished goods. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Property and Equipment, net</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Property and equipment are
stated at cost, less accumulated depreciation. The Company provides for depreciation and amortization of property and equipment using the straight-line method, over the expected useful lives of the assets. Leasehold improvements are amortized over
the shorter of the useful life or the remaining lease term. Expected useful lives of property and equipment vary but generally are five years for vehicles, three to five years for furniture, fixtures and equipment, shorter of lease life or five
years for leasehold improvements and 30 years for buildings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Major renewals and improvements are capitalized. Maintenance, repairs and minor renewals are
expensed as incurred. When assets are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is recorded. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Goodwill</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Goodwill results from business combinations and
represents the excess of the purchase price over the fair value of acquired tangible assets and liabilities and identifiable intangible assets. Annually, on December&nbsp;31, or if conditions indicate an earlier review is necessary, we assess
qualitative factors to determine if it is more likely than not that the fair value of the reporting unit is less than its carrying amount and if it is necessary to perform the quantitative two-step goodwill impairment test. If we perform the
quantitative test, we compare the carrying value of the reporting unit to an estimate of the reporting unit&#146;s fair value to identify potential impairment. The estimate of the reporting unit&#146;s fair value is determined by weighting a
discounted cash flow model and a market-related model using current industry information that involve significant unobservable inputs (Level 3 inputs). In determining the estimated future cash flow, we consider and apply certain estimates and
judgments, including current and projected future levels of income based on management&#146;s plans, business trends, prospects and market and economic conditions and market-participant considerations. If the estimated fair value of the reporting
unit is less than the carrying value, a second step is performed to determine the amount of the potential goodwill impairment. If impaired, goodwill is written down to its estimated implied fair value. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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>


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Impairment of Other Intangible and Long-Lived Assets</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Other intangible assets consist of customer relationships, non-competition agreements and business trademarks and trade names. Amortization of finite lived
intangible assets is recorded to reflect the pattern of economic benefits based on projected revenues over their respective estimated useful lives (customer relationships &#150; 10 years, non-competition agreements &#150; two to five years and
business trademarks and trade names &#150; eight to 15 years). We do not have any indefinite-lived intangible assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We review long-lived assets
whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. An impairment loss is recognized when estimated future cash flows expected to result from the use of an asset and its eventual
disposition are less than its carrying amount. When impairment is identified, the carrying amount of the asset is reduced to its estimated fair value. Assets to be disposed of are recorded at the lower of net book value or fair market value less
cost to sell at the date management commits to a plan of disposal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other Liabilities</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our workers&#146; compensation insurance is primarily under a high-deductible insurance policy and our general liability insurance is under a self-insured
retention program (&#147;SIR&#148;). We are insured for covered claims above the deductible and SIR. The liabilities represent our best estimate of our costs, using generally accepted actuarial reserving methods, of the ultimate obligations for
reported claims plus those incurred but not reported for all claims incurred through December&nbsp;31, 2011 and 2012. We establish case reserves for reported claims using case-basis evaluation of the underlying claims data and we update as
information becomes known. We regularly monitor the potential for changes in estimates, evaluate our insurance accruals and adjust our recorded provisions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The assumptions underlying the ultimate costs of existing claim losses are subject to a high degree of unpredictability, which can affect the liability
recorded for such claims. For example, variability in inflation rates of health care costs inherent in workers&#146; compensation claims can affect the ultimate costs. Similarly, changes in legal trends and interpretations, as well as a change in
the nature and method of how claims are settled can affect ultimate costs. Our estimates of liabilities incurred do not anticipate significant changes in historical trends for these variables, and any changes could have a considerable effect on
future claim costs and currently recorded liabilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Advertising Costs</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Advertising costs are expensed as incurred. Advertising expense was approximately $1,440 and $1,694 during the years ended December&nbsp;31, 2011 and 2012,
respectively, and is included in selling expense on the Consolidated Statements of Operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other Operating Expenses</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A net gain on litigation settlement of $6,975 was recognized in 2012 due to the settlement of a class action lawsuit in which we were one of the plaintiffs.
The lawsuit related to excess material prices being charged by certain manufacturers and was settled and paid in 2012. This gain is recognized in operating expenses on the Consolidated Statements of Operations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Also included in operating expenses in 2012 is a $960 gain from insurance proceeds related to the replacement of property and equipment and business
interruption due to a fire at a single location in 2011. This gain was recorded in other operating expenses on the Consolidated Statements of Operations in 2012. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Deferred Financing Costs</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deferred financing costs are amortized over the term of the related debt using the effective interest method. The related amortization expense of these costs
was $696 and $175 and is included in interest expense on the Consolidated Statements of Operations for the years ended December&nbsp;31, 2011 and 2012, respectively. Deferred financing costs are included in other long-term assets on the Consolidated
Balance Sheets and were $671 and $496, net as of December&nbsp;31, 2011 and December&nbsp;31, 2012, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Share-Based Compensation</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As further described in Note&nbsp;1, Organization and Recapitalization, two of our stockholders issued membership interests in their equity to certain of our
employees (the &#147;Awards&#148;) during the years ended December&nbsp;31, 2010 and 2011. Certain of these employees were granted Employee Puts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In
2010, when the employees received the Awards, the then fair value of the Awards less any consideration in exchange for the Awards was recorded as compensation expense. In accordance with the terms of the Awards, they were deemed equity-classified
instruments as there is no service or vesting period associated with these Awards and all compensation expense was recognized upon issuance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon
issuance of the Employee Puts, the then fair value of the Employee Puts received was recorded as compensation expense over the service period, if applicable. The Employee Puts are deemed to be liability-classified instruments that are directly
associated with the Awards. As such, both the Awards and the Employee Puts are accounted for as liability-classified instruments as of the issuance date of the Employee Put. During the period for which the Employee Puts are exercisable, both the
Employee Puts and the associated Awards are remeasured to fair value each reporting period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">It is assumed that Employee Puts will be exercised at the
greater of the fixed price or fair market value. In the absence of a publicly traded market, the fair market value of the Employee Puts and underlying units are estimated primarily using discounted cash flow and, secondarily, using other
market-related models that factor in current industry trends. In determining the estimated future cash flow, we consider and apply certain estimates and judgments, including current and projected future levels of income based on management&#146;s
plans, business trends, prospects and market and economic conditions and market-participant considerations. The adjustment to the carrying fair value is based upon an equity rate of return for a public company in our industry with similar financial
trends and characteristics. The fair value of the Company&#146;s common stock is used to determine the value of the Employee Puts based on their ownership interest. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Because the awards were granted by a related party as compensation to employees of the Company, the compensation associated with the awards was pushed down by
the related parties and recorded as a non-cash expense in the Company&#146;s Consolidated Statements of Operations during the years ended December&nbsp;31, 2011 and 2012. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Income Taxes</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company accounts for income taxes using
the asset and liability method. Under this method, the amount of taxes currently payable or refundable are accrued, and deferred tax assets and liabilities are recognized for the estimated future tax consequences of temporary differences that
currently exist between the tax basis and financial reporting basis of the Company&#146;s assets and liabilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Valuation allowances are established
against deferred tax assets when it is more likely than not that the realization of those deferred tax assets will not occur. In evaluating our ability to recover our deferred tax assets </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
within the jurisdiction from which they arise, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, the ability to produce future
taxable income, tax planning strategies available and recent financial operations. In projecting future taxable income, we begin with historical results adjusted for the results of discontinued operations and changes in accounting policies and
incorporate assumptions including the amount of future federal and state pretax operating income, the reversal of temporary differences and the implementation of feasible and prudent tax planning strategies. These assumptions require significant
judgment about the forecasts of future taxable income and are consistent with the plans and estimates we use to manage the underlying businesses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deferred tax assets and liabilities are measured using the enacted tax rates in effect in the years when those temporary differences are expected to reverse.
The effect on deferred taxes from a change in tax rate is recognized through continuing operations in the period that includes the enactment date of the change. Changes in tax laws and rates could also affect recorded deferred tax assets and
liabilities in the future. Management is not aware of any such changes that would have a material effect on the Company&#146;s results of operations, cash flows, or financial position. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including
resolutions of any related appeals or litigation processes, based on the technical merits. Income tax positions must meet a more likely than not recognition threshold to be recognized. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company recognizes tax liabilities for uncertain tax positions and adjusts these liabilities when the Company&#146;s judgment changes as a result of the
evaluation of new information not previously available. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate of the tax liabilities. These
differences will be reflected as increases or decreases to income tax expense and the effective tax rate in the period in which the new information becomes available. Interest and penalties related to unrecognized tax benefits are recognized within
income tax expense in the Consolidated Statements of Operations. Accrued interest and penalties are recognized in accrued expenses on the Consolidated Balance Sheets. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Although there were subsidiaries organized as C-corporations, prior to the Recapitalization, the Company was primarily treated as a partnership for federal
income tax purposes and, therefore, had not been subject to federal and state income tax (subject to exception in a limited number of state and local jurisdictions). IBP is organized as a C-corporation. Therefore, effective with the
Recapitalization, the Company is subject to federal, state and local income taxes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our income tax expense, deferred tax assets and liabilities and
reserves for unrecognized tax benefits reflect management&#146;s best assessment of estimated future taxes to be paid. We are subject to income taxes in the United States which includes numerous state and local jurisdictions. Significant judgments
and estimates are required in determining the income tax expense, deferred tax assets and liabilities and the reserve for unrecognized tax benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Discontinued Operations</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We continually review each of
our markets in order to refine our overall investment strategy and to optimize capital and resource allocations in an effort to enhance our financial position and to increase Company value. This review entails an evaluation of both external market
factors and our position in each market and over time has resulted in the decision to discontinue certain locations. Customers of discontinued locations will not be </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
served by other locations. There were no material assets or liabilities related to our discontinued operations as of December 31, 2011 or December 31, 2012. Discontinued operations were not
segregated in the Consolidated Statements of Cash Flows. Therefore, amounts for certain captions in the Consolidated Statements of Cash Flows, including impairment of intangibles and amortization of intangibles for the year ended December 31, 2011
will not agree with the respective data in the Consolidated Statements of Operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Estimated Fair Value of Financial Instruments</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accounts receivable, accounts payable and accrued liabilities as of December&nbsp;31, 2011 and 2012 approximate their fair value due to the short-term
maturities of these financial instruments. The carrying amounts of the long-term debt under the revolving lines of credit approximate their fair value as of December&nbsp;31, 2011 and 2012 due to the short-term maturities of the underlying variable
rate LIBOR agreements. This represents a Level 2 fair value measurement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Recently Adopted Accounting Pronouncements</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In May 2011, the Financial Accounting Standards Board (&#147;FASB&#148;) issued ASU No.&nbsp;2011-04, Amendments to Achieve Common Fair Value Measurement and
Disclosure Requirements in U.S.&nbsp;GAAP and IFRS (&#147;ASU 2011-04&#148;). The amendments in this ASU are intended to improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with
U.S.&nbsp;GAAP and International Financial Reporting Standards (&#147;IFRS&#148;). The amendments in this ASU explain how to measure fair value. They do not require additional fair value measurements and are not intended to establish valuation
standards or affect valuation practices outside of financial reporting. The guidance is effective for fiscal years, and interim periods within those years, beginning after December&nbsp;15, 2011. The Company adopted the provisions of ASU 2011-04 on
January&nbsp;1, 2012. The adoption did not have a material impact on the Company&#146;s financial position or results of operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Recently Issued
Accounting Pronouncements Not Yet Adopted</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2012, there are no recently issued accounting standards not yet adopted that would
have a material effect on the Company&#146;s financial statements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 3 &#150; PROPERTY AND EQUIPMENT </B></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="72%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">As&nbsp;of&nbsp;December&nbsp;31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2011</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">2012</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Land</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Buildings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Leasehold improvements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,492</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Furniture, fixtures and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,194</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,606</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vehicles and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,785</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,814</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58,628</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: accumulated deprecation and amortization</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(50,430</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(50,265</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,931</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Property and equipment as of December&nbsp;31, 2011 and 2012 of $36,886 and $38,742, respectively, were fully depreciated.
Depreciation expense for the years ended December&nbsp;31, 2011 and 2012 was $4,405 and $4,637, respectively. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 4 &#150; GOODWILL AND INTANGIBLES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Goodwill</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The change in carrying amount of goodwill was as
follows: </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="71%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Years&nbsp;ended&nbsp;December&nbsp;31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2011</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">2012</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Beginning balance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">118,316</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">118,316</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accumulated impairment losses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(70,004</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(70,004</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net goodwill</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,312</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,312</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Goodwill from acquisitions</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">834</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ending balance</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">48,312</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">49,146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No impairment of goodwill was recognized for the years ended December&nbsp;31, 2011 and 2012. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Intangibles, net</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table provides the gross
carrying amount and accumulated amortization for each major class of intangibles: </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="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="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center">As of December&nbsp;31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2011</TD>
<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">2012</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">Gross<BR>Carrying<BR>Amount</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">Accumulated<BR>Amortization</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">Net<br>Book<BR>Value</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">Gross<BR>Carrying<BR>Amount</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">Accumulated<BR>Amortization</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">Net<br>Book<BR>Value</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Definite-lived intangibles:</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>
<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;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Customer relationships</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,278</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,659</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,619</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">20,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,425</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Non-competition agreements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">888</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">392</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">761</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">260</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trademarks and trade names</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,925</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,225</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,545</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,796</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">28,483</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,772</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,711</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">33,005</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,982</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Due to certain triggering events, we performed this analysis and recorded an impairment charge of $2,761 and $352 during the
years ended December&nbsp;31, 2011 and 2012, respectively. The charge consisted of $1,687 and $352 for impaired customer relationships and trademarks and trade names relating to certain branch name changes during 2011 and 2012, respectively. In
2011, the impairment charges also included $1,074 of impaired intangibles related to discontinued operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amortization expense on intangible assets
totaled $3,986 and $3,082 for the years ended December&nbsp;31, 2011 and 2012, respectively. Remaining estimated aggregate annual amortization expense is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,931</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2014</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2015</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,309</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2016</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,989</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2017</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thereafter</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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>


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 5 &#150; LONG-TERM DEBT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Debt consists of the following: </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="84%"></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="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></B>As of December&nbsp;31,<B></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2011</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">2012</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revolving line of credit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,744</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Various notes payable, maturing through December 2016; payable in various monthly installments, including interest rates ranging from
0.0% to 8.5%</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">660</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,793</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,891</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: current maturities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(186</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term debt, less current maturities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,784</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are a party to a revolving loan and security agreement with a lender (the &#147;Credit Agreement&#148;) (most recently
amended in December 2012). The Credit Agreement provides for a Revolving Line of Credit (the &#147;LOC&#148;) with a maximum limit of $50,000 ($40,000 as of December&nbsp;31, 2011). The LOC is due May&nbsp;4, 2016 with interest at either 1) the
Eurodollar rate (&#147;LIBOR&#148;) or 2) the Alternate Base Rate (which approximates the Prime Rate), plus a margin based on the type of rate applied. The Company had $16,000 outstanding on the LOC at 1-month LIBOR including margin (2.25%-3.75%) as
of December&nbsp;31, 2012. The Company also had $1,231 outstanding on the LOC at the Alternate Base Rate including margin (4.25%)&nbsp;as of December&nbsp;31, 2012. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The LOC permits borrowings based on a stated percentage of eligible accounts receivable and inventories. The borrowings on the LOC are also subject to a
minimum availability reserve. The Company had available borrowings of $4,039 and $15,492 under its LOC as of December&nbsp;31, 2011 and 2012, respectively. In addition, the Company is required to pay a monthly fee of 0.375%&nbsp;per annum on the
average unused commitment under the LOC. Amounts outstanding under the Credit Agreement are collateralized by a first lien security position on all assets, including, but not limited to, all real estate, property, equipment, receivables and
inventories. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Credit Agreement also contains various restrictive non-financial covenants that include more frequent borrowing base reporting if the
minimum availability falls below a certain threshold, and several limitations on specific changes that would result in incurring additional debts or pledging the Company&#146;s assets, including restrictions on distributions to be made to our
stockholders. The Credit Agreement also contains a provision that upon a change in control or an event of default (as defined within the Credit Agreement), amounts outstanding under the LOC would bear interest at the rate as determined above plus
2%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Credit Agreement also allows the Company to issue Letters of Credit not to exceed $10,000 in the aggregate. To support the Company&#146;s
insurance programs, there were outstanding Letters of Credit of $8,389 as of December&nbsp;31, 2011 and $7,278 as of December&nbsp;31, 2012. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">IBP II was
party to a separate credit agreement with a different lender dated September&nbsp;28, 2007 (as most recently amended on March&nbsp;25, 2011). This credit agreement initially consisted of a revolving line of credit and a term loan. In March 2011,
certain of the then members of IBP II contributed $12,010 in the form of common members&#146; equity. These funds were then used to pay down amounts outstanding under the IBP II credit agreement. The IBP II credit agreement was fully repaid in
connection with the Recapitalization. See Note&nbsp;1, Organization and Recapitalization for further details. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Aggregate maturities of long-term debt are as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2014</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2015</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2016</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,364</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,891</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 6 &#150; FAIR VALUE MEASUREMENTS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Fair Values</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fair value is the price that would be
received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The standard establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs
when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Level 1: Quoted prices
(unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices
in markets that are not active or other inputs that are observable or can be corroborated by observable market data. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Level 3: Significant
unobservable inputs that reflect a reporting entity&#146;s own assumptions about the assumptions that market participants would use in pricing an asset or liability. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Assets and Liabilities Measured at Fair Value on a Recurring Basis </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In many cases, a valuation technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy. The lowest level of
significant input determines the placement of the entire fair value measurement in the hierarchy. During the periods presented, there were no transfers between fair value hierarchical levels. </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="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Balance as of<BR>December&nbsp;31,<BR>2011</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">Quoted&nbsp;prices in<BR>active markets<BR>Level 1</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">Significant other<BR>observable inputs<BR>Level 2</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">Significant<BR>unobservable<BR>inputs<BR>Level 3</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Put option &#150; Series A Preferred Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">925</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">925</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Redeemable Common Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total items measured at fair value on a recurring basis</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px 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="52%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="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">Balance as of<BR>December&nbsp;31,<BR>2012</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">Quoted&nbsp;prices&nbsp;in<BR>active markets<BR>Level 1</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">Significant&nbsp;other<BR>observable&nbsp;inputs<BR>Level 2</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">Significant<BR>unobservable<BR>inputs<br>Level 3</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Put option &#150; Series A Preferred Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Redeemable Common Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total items measured at fair value on a recurring basis</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">18,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">18,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a general description of the valuation methodologies used for liabilities and mezzanine equity (which
includes redeemable preferred and common stock) items measured at fair value: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Put option &#150; Series A Preferred Stock &#150; The Company identified a
certain embedded feature in the Series A Preferred Stock that was required to be bifurcated and accounted for as a derivative. The identified put option allows Series A Preferred stockholders to put their shares upon a change in control. The
estimated fair value of the put option on Series A Preferred Stock is determined using our estimates of the probability of a change in control during each period the option is outstanding in combination with the accreted fair value of the Series A
Preferred Stock during the option period. Those resulting probabilities are then calculated at net present value. An increase in the probability of the change in control would increase the fair value of the embedded derivative. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Redeemable Common Stock &#150; The estimated fair value of the redeemable feature of certain shares of our outstanding common stock is determined using a
combination of discounted cash flows and market multiple approach modeling. The fair value is estimated using this method to mark the Redeemable Common Stock to market at each period end. The weighted average cost of capital (&#147;WACC&#148;) used
was 13% as of December&nbsp;31, 2011 and 2012, respectively, and an increase in the WACC would decrease the fair value of the Redeemable Common Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Changes in the fair value of recurring fair value measurements using significant unobservable inputs (Level 3) for the years ended December&nbsp;31, 2011 and
2012 were as follows (in thousands): </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="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance as of January 1, 2011</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Put option liabilities recorded</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">925</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mezzanine equity items recorded</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,900</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to fair value measurement impacting the Statement of Stockholders&#146; Equity and Redeemable Instruments</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">601</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance as of December 31, 2011</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to fair value measurement impacting the Statement of Stockholders&#146; Equity and Redeemable Instruments</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to fair value measurement impacting the Statement of Operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(143</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance as of December 31, 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">18,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The unrealized gain related to the put option liabilities is recorded within other expense (income) on the Consolidated
Statements of Operations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Assets Measured at Fair Value on a Nonrecurring Basis </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain assets are measured at fair value on a nonrecurring basis in periods subsequent to initial recognition. Assets measured at fair value on a nonrecurring
basis during the years ended December&nbsp;31, 2011 and 2012 are categorized based on the lowest level of significant input to the valuation. The assets were measured at fair value as our impairment assessment indicated a carrying value for each of
the assets in excess of the asset&#146;s estimated fair value. In some circumstances, the impairment assessment was performed as a result of a portion of the business being classified as a discontinued operation. Discounted cash flows, a Level 3
input, were utilized in determining estimated fair values. See the &#147;Impairment of Long-Lived Assets&#148; caption of Note&nbsp;2, Significant Accounting Policies, for more information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The amount of impairment loss included in net income (loss) attributable to common stockholders was $2,761 and $352 for the years ended December&nbsp;31, 2011
and 2012, respectively. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 7 &#150; STOCKHOLDERS&#146; EQUITY AND REDEEMABLE INSTRUMENTS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2011, we had 19,499,993 shares of common stock, authorized, issued and outstanding and 1,000 shares of Series A Preferred Stock,
authorized, issued and outstanding, all with par value of $0.01. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In August 2012, the Company amended its Certificate of Incorporation to authorize
33,050,862 shares of Common Stock. As of December&nbsp;31, 2012, the Company had 22,033,901 shares of common stock issued and outstanding and 1,000 shares of Series A Preferred Stock issued and outstanding. The additional 2,533,908 shares of common
stock were issued during 2012 to the previous members of a business acquired in 2012. See Note&nbsp;12, Business Combinations for further details. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Redeemable Instruments </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Series A Preferred Stock
carries an optional redemption feature and can be redeemed, at the election of the holder, any time on or after July&nbsp;31, 2016, but prior to July&nbsp;31, 2021, at an amount equal to $75,789, three times the original issue price of $25,263, plus
accrued dividends, if any (the &#147;Redemption Price&#148;). If the optional redemption is exercised and we are unable to settle the obligation with the holder, then dividends accrue at a rate of 25% on the portion of shares not redeemed. The
Company may, at its election prior to the optional redemption date, redeem the shares of Series A Preferred Stock at the Redemption Price. As the redemption of the preferred shares is dependent on the passage of time, the Company has elected to
accrete to the Redemption Price the value of the Series A Preferred Stock using the interest method, over the period from the issuance date until the earliest redemption date (July 31, 2016). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">One of our stockholders who owns 5,850,000 shares of Redeemable Common Stock as of November&nbsp;4, 2011, has put rights that require us to repurchase its
shares beginning in April 2019 at the fair value determined at the redemption date. As the redemption price is equivalent to the fair value of the instrument, we adjust the carrying value of the Redeemable Common Stock to its fair value with an
adjustment to equity. We also have a right to call 975,000 of these shares, at par value, before December&nbsp;31, 2014 if we redeem all of the Series A Preferred Stock prior to that date. These put and call rights terminate upon an initial public
offering of the Company&#146;s common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon dissolution of the Company and payment of all indebtedness to creditors, preferred stockholders are
entitled to receive distributions for their preferred shares up to the Redemption Price prior to common stockholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 8 &#150; EMPLOYEE BENEFITS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We participate in multiple healthcare plans, one of which is held and administered by a trust that is a related party. This plan is partially self-funded with
an insurance company paying benefits in excess of stop loss limits per individual. Our healthcare benefit expense (net of employee contributions) was approximately $5,199 and $5,744 for the years ended December&nbsp;31, 2011 and 2012, respectively
for all plans. An accrual for estimated healthcare claims incurred but not yet reported is included within accrued compensation on the Consolidated Balance Sheets and was $661 and $663 as of December&nbsp;31, 2011 and December&nbsp;31, 2012,
respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We participate in multiple workers&#146; compensation plans. Under these plans, we use a high deductible program to cover losses above the
deductible amount on a per claim basis. We accrue for the estimated losses occurring from both asserted and un-asserted claims. A workers&#146; compensation liability for premiums is included in other current liabilities on the Consolidated Balance
Sheets. Insurance claims and reserves include accruals of estimated settlements for known claims, as well as accruals of actuarial estimates of IBNR. In estimating these reserves, historical loss experience and judgments about the expected levels of
costs per claim are considered. These claims are accounted for based on actuarial estimates of the undiscounted claims, including those claims incurred but not reported. We believe the use of actuarial methods to account for these liabilities
provides a consistent and effective way to measure these highly judgmental accruals. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Workers&#146; compensation expense totaled $3,092 and $4,043 during
the years ended December&nbsp;31, 2011 and 2012, respectively. As of December&nbsp;31, 2011 and 2012, respectively, workers&#146; compensation reserves for known claims and incurred but not reported claims (&#147;IBNR&#148;) totaled $3,317 and
$4,570 and are included in other long-term liabilities on the accompanying balance sheets. Other long-term liabilities also include $3,039 and $3,430 of accrued insurance reserves as of December&nbsp;31, 2011 and December&nbsp;31, 2012,
respectively. We also had an insurance receivable for a claim that exceeded the stop loss limit and is included in other long-term assets on the face of the Consolidated Balance Sheets. That receivable offsets an equal liability included within the
reserve amount noted above and totaled $768 and $1,777 as of December&nbsp;31, 2011 and 2012, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company also participates in various
profit-sharing and 401(k) plans. Certain plans provide that eligible employees can defer a portion of their wages into the trust, subject to current Internal Revenue Code rules and limitations. The Company provides a matching contribution of wages
deferred by employees and can also make discretionary contributions to each plan. Certain plans allow for discretionary employer contributions only. These plans cover substantially all eligible employees of the Company. During the years ended
December&nbsp;30, 2011 and 2012, we matched employee contributions under certain plans, resulting in total match and administrative expenses of $95 and $529, respectively. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 9 &#150; INCOME TAXES </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the
Recapitalization in 2011 described in Note&nbsp;1, Organization and Recapitalization, both IBHL and IBHL II membership interests were contributed to the subsidiaries of IBP. The previous members are no longer members of IBHL or IBHL II. Given the
greater than 50% change in ownership, there was a technical termination of the partnerships, including certain lower tier partnerships under the federal tax law. The ownership change resulted in a full limitation of the net operating loss
carryforward attributes of the subsidiary C-corporations. As a result, the Company wrote off the net operating loss deferred tax assets, which had been previously fully reserved. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon formation of IBP, we recorded a deferred tax liability (&#147;DTL&#148;) for the difference in the book basis and tax basis of IBP&#146;s investment in
IBP I and IBP II. The change in basis and the requirement to be taxed as a </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
C-corporation resulted from the transfer of partnership interests at the member level. The resulting initial recognition of deferred tax assets and liabilities resulting from the Recapitalization
of $11,280 has been recorded directly to equity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Prior to this change, the subsidiary C-corporations were the only tax filing entities required to record
tax expense and deferred tax assets and liabilities. As shown in the effective tax rate reconciliation, the recapitalization and change in the valuation allowance were the main drivers of the effective tax rate for 2011, which was significantly
lower than the 2011 statutory tax rate and the 2012 effective tax rate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The provision for income taxes from continuing operations is comprised of: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="50%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="61%"></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Years ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">December 31,</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2011</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">2012</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current:</P></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-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Federal</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,035</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,213</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">State</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">232</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">194</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,267</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,407</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred:</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Federal</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(755</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(794</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">State</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(63</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(58</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(818</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(852</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total tax expense</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,449</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">555</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The reconciliation between the Company&#146;s effective tax rate on loss from continuing operations and the federal statutory
tax rate is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center">Years ended December 31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2011</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">2012</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax at federal statutory rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(2,009</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,309</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Non-deductible loss from flow through entities prior to Recapitalization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">888</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(15.5</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"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss of tax attributes resulting from Recapitalization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,878</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(172.1</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"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Extinguishment of debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">355</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(6.2</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"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stock compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">273</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(4.8</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,581</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(42.3</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other non-deductible expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(1.3</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Change in valuation allowance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,239</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">143.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">214</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(5.7</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest and penalties on uncertain tax positions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">118</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(2.1</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(1.5</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">State income taxes, net of federal benefit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">109</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(1.9</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.5</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,449</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(25.2</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">555</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(14.8</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Components of the net deferred tax liability are as follows: </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="71%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">As of December 31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2011</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">2012</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred Tax Assets</P></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-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current</P></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="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued reserves and allowances</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Inventories</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current deferred tax assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">406</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">751</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property and equipment</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net operating loss carryforwards</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">688</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term deferred tax assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">688</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total deferred tax assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">499</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: Valuation allowance</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(228</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net deferred tax assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">485</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,211</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred Tax Liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property and equipment</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(61</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intangibles</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(794</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(529</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investment in partnership</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,367</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,932</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(79</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(64</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total deferred tax liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,240</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,586</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net deferred tax liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(10,755</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(11,375</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2012, we have federal and state income tax net operating loss (NOL) carryforwards of $688. Due to the
IRS Section&nbsp;382 elimination of NOLs generated prior to the Recapitalization, the earliest expiration date is 2030. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Valuation Allowance </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We assess the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize the existing deferred tax
assets on a jurisdiction and by tax filing entity basis. A significant piece of objective negative evidence evaluated is cumulative losses incurred over the most recent three year period. Such objective evidence limits the ability to consider other
subjective positive evidence such as our projections for future growth. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Based on this evaluation, a valuation allowance has been recorded as of
December&nbsp;31, 2011 and 2012 for the net deferred tax assets recorded on certain of our wholly owned subsidiaries. Such deferred tax assets relate primarily to net operating losses that are not more likely than not realizable. However, the amount
of the deferred tax asset considered realizable could be adjusted if estimates of future taxable income during the carryforward </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
period change, or if objective negative evidence in the form of cumulative losses is no longer present. Additional weight may be given to subjective evidence such as our projections for growth in
this situation. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:85.35pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Valuation Allowance</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>January 1, 2011</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(9,028</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Charged to costs and expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deductions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>December 31, 2011</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Charged to costs and expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(214</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>December 31, 2012</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(228</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Uncertain Tax Positions </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are subject to taxation in the United States and various state jurisdictions. As of December&nbsp;31, 2012 our tax years for 2009, 2010, and 2011 are
subject to examination by the tax authorities. We have unrecognized tax benefits related to temporary items. A rollforward of the gross unrecognized tax benefits is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unrecognized tax benefit, January 1, 2011</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"> &#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Increase as a result of tax positions taken during the period</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">924</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unrecognized tax benefit, December 31, 2011</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">924</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Increase as a result of tax positions taken during the period</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">945</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Decrease as a result of tax positions taken during the period</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(504</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unrecognized tax benefit, December 31, 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These unrecognized benefits result from the difference in taxable income calculated at the time of the return versus
calculated per the provision. We expect a reversal of approximately $926 of our unrecognized tax benefit in the next twelve months, because of unrecognized benefits relating to temporary items that will reverse in the next twelve months. $619 of the
unrecognized tax benefits, if recognized, would affect the effective tax rate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Interest expense and penalties accrued related to uncertain tax positions
for the year ended December&nbsp;31, 2011 and 2012 are not significant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Determining uncertain tax positions and the related estimated amounts requires
judgment and carry estimation risk. If future tax law changes or interpretations should come to light, or additional information should become known, our conclusions regarding unrecognized tax benefits may change. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 10 &#150; RELATED PARTY TRANSACTIONS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company
previously paid management fees to IBP Holdings, LLC for corporate support functions under a management fee agreement. These fees totaled $4,760 for the year ended December&nbsp;31, 2011. As part of the Recapitalization on November&nbsp;4, 2011 (see
Note&nbsp;1, Organization and Recapitalization), this management agreement was cancelled. In December 2012, the Company entered into a new management services and fee agreement and made a payment of $4,300 for management fees to certain related
parties for management services. Pursuant to this agreement, the board of directors annually determined whether a management fee would be paid as well as the amount of that fee. The agreement was terminated on October&nbsp;22, 2013. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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>


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We sell installation services to other companies related through common or affiliated ownership. We also
purchase services and materials and pay rent to companies with common or related ownership. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We lease our headquarters and other facilities from certain
related parties. Refer to Note 11, Commitments and Contingencies, for future minimum lease payments to be paid to these related parties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the years
ended December&nbsp;31, 2011 and 2012, the amount of sales to common or related parties as well as the purchases from and rent expense paid to these common or related parties are as follows: </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="72%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Years&nbsp;ended&nbsp;December&nbsp;31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;2011&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,704</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,689</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchases</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">610</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,668</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">158</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">288</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Related party purchases made during the year ended December&nbsp;31, 2012 include $743 paid to a related party as part of an
acquisition made during the year. Refer to &#147;Accurate Building Products Inc.&#148; within Note&nbsp;12, Business Combinations for additional information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to an Individual Guaranty Agreement and a Guaranty Agreement, each dated as of October 22, 2012, certain of our investors guaranteed our letter of
credit reimbursement obligations to Bank of America, N.A. in connection with letters of credit issued by Bank of America, N.A. to support our workers compensation policies. Such letters of credit are currently issued under our existing credit
facility and these guarantees were terminated on July 30, 2013. In addition, one of our investors guaranteed certain reimbursement obligations of ours under certain performance and licensing bonds issued by sureties on behalf of us in the ordinary
course of business. These bonds are being replaced as they expire with bonds that do not require any guarantee. These obligations were not direct guarantees of the company. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 11 &#150; COMMITMENTS AND CONTINGENCIES </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Leases
</U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are obligated under capital leases covering vehicles and certain equipment. Total assets relating to capital leases were $31,627 and $39,364 as of
December&nbsp;31, 2011 and 2012, respectively, and a total of $22,821 and $23,033 were fully depreciated as of December&nbsp;31, 2011 and 2012, respectively. The vehicles and equipment leases generally have terms ranging from four to six years. The
net book value of assets under capital leases was $4,258 and $12,694 as of December&nbsp;31, 2011 and 2012, respectively, net of accumulated depreciation of $27,369 and $26,670, respectively. Amortization of assets held under capital leases is
included with depreciation expense on the Consolidated Statements of Operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We also have several noncancellable operating leases, primarily for
buildings, improvements, equipment and certain vehicles. These leases generally contain renewal options for periods ranging from one to five years and require the Company to pay all executory costs such as property taxes, maintenance and insurance.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Future minimum lease payments under noncancellable operating leases (with initial or remaining lease terms in
excess of one year) and future minimum capital lease payments as of December&nbsp;31, 2012 are as follows: </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="48%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Capital&nbsp;leases</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">Operating Leases</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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">Related&nbsp;party</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">Other</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">Total&nbsp;Operating</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2013</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,546</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">446</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,357</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,815</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">396</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,739</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2015</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,752</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">273</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,032</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,305</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">180</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,442</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,622</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">828</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">943</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,032</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thereafter</P></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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,589</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,589</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,384</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<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"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: Amounts representing interest</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,619</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total obligation under capital leases</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: Current portion of capital leases</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,822</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term capital lease obligation</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&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></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Total rent expense under these operating leases for years ended December 31, 2011 and 2012 was $5,906 and $6,343,
respectively, which is included in the Consolidated Statements of Operations as follows: </P> <P STYLE="font-size:10pt;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="70%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Year Ended</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">December&nbsp;31,<BR>2011</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">December&nbsp;31,<BR>2012</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of Sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">382</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">435</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Selling</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Administrative</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,351</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,795</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Supply Contract Commitments </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2011 and December&nbsp;31, 2012, we had two product supply contracts with minimum purchase requirements at market rates. The terms of
the contracts extend through December&nbsp;31, 2014 and August&nbsp;31, 2017. The contract commitments are disclosed in the table below. We expect our quantity purchases to exceed the minimum quantity commitments for all years covered by the
contracts. Actual purchases made under the contracts for the years ended December&nbsp;31, 2011 and December&nbsp;31, 2012 were $4,636 and $13,804, respectively. Purchase obligations under the contracts as of December&nbsp;31, 2012 were as follows:
</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:8pt" ALIGN="center">


<TR>
<TD WIDTH="54%"></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>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></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="font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Payments due by period</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Total</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">Less&nbsp;than<BR>1 year</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">1-3&nbsp;years</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">3-5&nbsp;years</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">More&nbsp;than<BR>5 years</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchase Obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other Commitments and Contingencies </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A class action lawsuit was filed on February 11, 2013 and an amended complaint was filed on May&nbsp;15, 2013 in the Superior Court of King County, Washington,
against us, alleging violations of Washington State wage and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
hour laws for failure to pay prevailing and minimum wage and overtime wages. The plaintiffs are former insulation installers for Installed Building Products II, LLC, one of our subsidiaries, in
Washington who seek to represent all similarly situated workers. They seek all unpaid wages, along with litigation costs and fees. We believe we have meritorious defenses to the allegations and intend to vigorously defend against the case. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A lawsuit was filed on July&nbsp;23, 2013 in federal court in the Middle District of Tennessee against one of our subsidiaries, TCI Contracting LLC
(&#147;TCI&#148;) d/b/a Installed Building Products of Nashville, alleging unpaid overtime and failure to pay lawful wages under federal law, Tennessee common law and in unjust enrichment and in breach of an alleged contract. The named plaintiffs
are former insulation installers in Nashville. The plaintiffs seek to have this case certified as a collective action under the Federal Fair Labor Standards Act and as a class action under Tennessee law. They seek reimbursement of the overtime wages
for all time worked over forty hours each week, as well as liquidated damages and litigation costs and fees. We believe we have meritorious defenses to the allegations and intend to vigorously defend against the case. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The ultimate liabilities, if any, with respect to the two employment-related cases disclosed above cannot be determined at this time, and we are currently
unable to estimate a range of reasonably possible losses associated with the litigation. As such, we have not accrued a liability relating to these matters as of December&nbsp;31, 2012. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">From time to time, various claims and litigation are asserted or commenced against us principally arising from contractual matters and personnel and
employment disputes. In determining loss contingencies, management considers the likelihood of loss as well as the ability to reasonably estimate the amount of such loss or liability. An estimated loss is recorded when it is considered probable that
such a liability has been incurred and when the amount of loss can be reasonably estimated. It is not certain that we will prevail in these matters. However, we do not believe that the ultimate outcome of any pending matters will have a material
adverse effect on our consolidated financial position, results of operations or cash flows. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 12 &#150; BUSINESS COMBINATIONS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of our ongoing strategy to increase market share in certain markets, we acquired two businesses during 2012 (TCI and Accurate Building Products Inc.,
&#147;Accurate&#148;). In connection with these business combinations the Company entered into non-competition agreements with the former owners. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>TCI
</U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On August&nbsp;31, 2012 the Company acquired 100% of the outstanding membership interest of TCI and 87.5% of the issued and outstanding capital stock
of a subsidiary of TCI. Simultaneous with the purchase of TCI, IBP purchased the remaining 12.5% of issued and outstanding capital stock of the subsidiary for $571, which was paid in the form of a seller note. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The purchase price consisted of 11.5% (or 2,533,908 shares) of IBP common stock, which was valued at $4,100 at the date of the transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The results of operations of the business and its subsidiary are included in the Consolidated Financial Statements from August&nbsp;31, 2012, the date of
acquisition. The revenue and net loss of TCI since the acquisition date included in the Company&#146;s Consolidated Statement of Operations for the year ended December&nbsp;31, 2012 were $12,354 and ($1,144), respectively. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Accurate </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;16, 2012, the Company acquired 100% of the membership interests of Accurate which was not significant within the meaning of Regulation S-X
under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;) . The purchase price consisted of cash of $1,198 and a note for $80. The revenue and net income of Accurate since the date of acquisition included in the Company&#146;s
Consolidated Statement of Operations for the year ended December&nbsp;31, 2012 were $1,743 and $126, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The estimated fair values of the
assets acquired and liabilities assumed for both the TCI and Accurate acquisitions approximated the following: </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="75%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">TCI</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">Accurate</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">317</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts receivable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,880</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,606</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Inventory</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,984</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">564</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Note receivable</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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">171</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other current assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">244</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">285</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">183</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,390</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Goodwill</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">834</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts payable and accrued expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,815</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,037</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred tax liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,387</TD>
<TD NOWRAP VALIGN="bottom">)&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(61</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(437</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total purchase price</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,671</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,278</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fair value of common stock issued</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Seller notes and obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">571</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash paid</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total purchase price</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,671</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,278</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Estimates of acquired intangible assets related to the TCI and Accurate acquisitions are as follows: </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="56%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">TCI</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">Accurate</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:86.95pt; font-size:8pt; font-family:Times New Roman">Acquired Intangible Assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Estimated<BR>Fair&nbsp;Value</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">Weighted<BR>Average<BR>Estimated<BR>Useful&nbsp;Life<BR>(yrs)</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">Estimated<BR>Fair&nbsp;Value</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">Weighted<BR>Average<BR>Estimated<BR>Useful&nbsp;Life<BR>(yrs)</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Customer relationships</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">741</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trade names</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,820</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">247</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Non-competition agreements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Pro Forma Information (unaudited) </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The unaudited pro forma information has been prepared as if the TCI and Accurate acquisitions had taken place on January&nbsp;1, 2011. The unaudited pro forma
information is not necessarily indicative of the results that we would have achieved had the transactions actually taken place on January&nbsp;1, 2011, and the unaudited pro forma information does not purport to be indicative of future financial
operating results. </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="76%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center">Pro&nbsp;forma&nbsp;for&nbsp;the&nbsp;years&nbsp;ended</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">December 31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2011&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">277,834</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">331,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13,951</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,200</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income/(loss) attributable to common stockholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,729</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income/(loss) per share attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.40</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unaudited pro forma net income has been calculated after adjusting the combined results of the Company to reflect additional
intangible asset amortization expense of $648 and $455, for the years ended December&nbsp;31, 2011 and 2012, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">See Note&nbsp;15, Subsequent
Events, for disclosures regarding the acquisition of Ace Insulation (&#147;Ace&#148;), which took place after the balance sheet date, but before the issuance of these consolidated financial statements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 13 &#150; DISCONTINUED OPERATIONS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the year
ended December 31, 2012, we made the decision to close our branches in Erie, Pennsylvania and Knoxville, Tennessee. During the year ended December 31, 2011, we made the decision to close the following six&nbsp;branches: Tyler, Texas; Augusta,
Georgia; Jacksonville, Florida; Salt Lake City, Utah; Philadelphia, Pennsylvania; and Phoenix, Arizona. We have presented the operations of these closed branches as discontinued operations in the Consolidated Statements of Operations for the years
ended December&nbsp;31, 2011 and 2012. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All closures made during the years ended December&nbsp;31, 2011 and 2012 were made in order to optimize capital and
resource allocations and enhance our financial position. We have no continuing involvement with or cash flows from the closed branches. Further, the customers associated with closed branches and other discontinued operations will not be served by
other branches. A summary of operations we discontinued in these markets for the years ended December&nbsp;31, 2011 and 2012 is as follows: </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="73%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Years ended December&nbsp;31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2011&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">9,574</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(Loss) income from discontinued operations, before income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,455</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,835</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax benefit (expense)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">660</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,447</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(Loss) income from discontinued operations, after tax</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,795</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,388</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2012, pre-tax net income from discontinued operations includes a gain of $4,500 relating
to a payment received for a cancelled vendor contract at one of our closed operations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 14 &#150; (LOSS) INCOME PER COMMON SHARE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Basic net (loss) income per share is calculated by dividing net (loss) income attributable to common stockholders by the weighted average shares outstanding
during the period, without consideration for common stock equivalents. As IBP only had common shares outstanding subsequent to the Recapitalization on November&nbsp;4, 2011, the weighted average shares outstanding for 2011 assumed the shares issued
at the date of the Recapitalization were issued and outstanding for the full year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Diluted net (loss) income per share is calculated by adjusting
weighted average shares outstanding for the dilutive effect of common share equivalents outstanding for the period, determined using the treasury stock method. There were no common stock equivalents with a dilutive effect during the years ended
December&nbsp;31, 2011 and 2012 and therefore, basic and diluted net (loss) income per share were the same for all periods presented. Income (loss) attributable to common stockholders includes the accretion of Series A Preferred Stock in 2011 and
2012 and the accretion of Pre-Recapitalization Preferred Units and the gain on extinguishment of Pre-Recapitalization Preferred Units in 2011. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 15
&#150; SUBSEQUENT EVENTS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have evaluated events and transactions occurring subsequent to the balance sheet date of December&nbsp;31, 2012 through
December&nbsp;9, 2013, the date on which the financial statements were issued, for items that should be recognized or disclosed in these Consolidated Financial Statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Effective November 30, 2013, the Employee Puts between Jeffrey Edwards and our other executive officers were terminated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Management Services and Fee Agreement, dated as of December&nbsp;18, 2012, among the Company, Littlejohn Managers, LLC, Jeffrey Edwards, IBP Holding
Company and TCI Holdings, LLC was terminated on November&nbsp;22, 2013. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On March&nbsp;16, 2013 the Company acquired 100% of the membership interests of
Ace, which was not significant within the meaning of Regulation S-X under the Securities Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The estimated fair values of the assets acquired and
liabilities assumed for the Ace acquisition are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Ace</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts receivable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">213</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Inventory</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">263</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts payable and accrued expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(609</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total purchase price</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">987</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Seller notes and obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash paid</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total purchase price</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">987</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Estimates of acquired intangible assets related to the acquisition are as follows: </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:8pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Ace</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:86.95pt; font-size:8pt; font-family:Times New Roman">Acquired Intangible Assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Estimated<BR>fair&nbsp;value</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">Weighted<BR>average<BR>estimated<BR>useful&nbsp;life<BR>(yrs)</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Customer relationships</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">826</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trademarks and trade names</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Pro Forma Information (unaudited) </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The unaudited pro forma information has been prepared as if the acquisition had taken place on January&nbsp;1, 2011. The unaudited pro forma information is not
necessarily indicative of the results that we would have achieved had the transactions actually taken place on January&nbsp;1, 2011, and the unaudited pro forma information does not purport to be indicative of future financial operating results.
</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="77%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Pro forma for the year<BR>ended December&nbsp;31,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2011</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">2012</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">242,856</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">304,638</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,137</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,200</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income (loss) attributable to common stockholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73,471</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,729</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income (loss) per share attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.38</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unaudited pro forma net income has been calculated after adjusting the combined results of the Company to reflect additional
intangible asset amortization expense of $101 for both of the years ended December&nbsp;31, 2011 and 2012. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On January 30, 2014 the Board of Directors
authorized an increase in the number of shares of Common stock to 100,000,000 at a par value of $0.01 and an increase in the number of shares of Preferred stock to 5,001,000 at a par value of $0.01, 1,000 of which are designated as Series A
Preferred Stock. On the same date, the Board of Directors approved a 19.5-for-1 stock split of the Company&#146;s common stock, which became effective on February&nbsp;10, 2014. The effect of the split on authorized, issued and outstanding shares
and income (loss) per common share has been retroactively applied to all periods presented. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center"><A NAME="fin1614029_7"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONSOLIDATED BALANCE SHEETS </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in
thousands, except for par value and share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px 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:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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="font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">As&nbsp;of&nbsp;December&nbsp;31,<br>2012</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">As&nbsp;of&nbsp;June&nbsp;30,<br>2013</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD></TR>


<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>ASSETS</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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Current assets</P></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="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,708</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Accounts receivable (less allowance for doubtful accounts of $1,412 and $1,548 as of December&nbsp;31, 2012 and June&nbsp;30, 2013,
respectively)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,057</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Accounts receivable, related parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">774</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">366</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Inventories</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,130</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Deferred income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">726</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">147</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Income taxes receivable</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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,523</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Prepaid expenses, related parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">396</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Other current assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,353</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,051</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total current assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,768</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87,835</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Property and equipment, net</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,931</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,824</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Other non-current assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Goodwill</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Intangibles, net</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,631</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Other non-current assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,060</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total non-current assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67,053</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66,837</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">160,752</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">181,496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>LIABILITIES, REDEEMABLE INSTRUMENTS AND STOCKHOLDERS&#146; EQUITY</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Current liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Current maturities of long-term debt</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">264</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Current maturities of capital lease obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,822</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,671</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Accounts payable</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,330</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,351</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Accounts payable, related parties</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,660</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Income taxes payable</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Accured compensation</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Other current liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,789</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total current liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,797</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58,297</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Long-term debt</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,511</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Capital lease obligations, less current maturities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,254</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Put option &#150; Series A Preferred Stock</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">519</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Deferred income taxes</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,867</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Other long-term liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,626</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,973</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,373</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121,421</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Commitments and contingencies (Note 11)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Series A Preferred Stock; $0.01 par value: 1,000 authorized,<BR>issued and outstanding as of December&nbsp;31, 2012 and June&nbsp;30,
2013, respectively<BR>(Note 15)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,634</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Redeemable Common Stock; $0.01 par value: 5,850,000 authorized,<BR>issued and outstanding as of December&nbsp;31, 2012 and June&nbsp;30,
2013, respectively<BR>(Note 15)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,620</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Stockholders&#146; equity</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Common Stock; $0.01 par value: 27,200,862 shares authorized and 16,183,901 shares issued and outstanding as of December&nbsp;31, 2012
and June&nbsp;30, 2013, respectively<BR>(Note 15)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="right">162</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:Times New Roman">&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="right">162</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:Times New Roman">&nbsp;&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Additional paid in capital</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Accumulated deficit</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,603</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(40,341</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total stockholders&#146; equity</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,482</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(40,179</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total liabilities, redeemable instruments and stockholders&#146; equity</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">160,752</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">181,496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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; font-size:10pt; font-family:Times New Roman" ALIGN="center"><A NAME="fin1614029_8"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONSOLIDATED STATEMENTS OF OPERATIONS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share and per share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px 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="76%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Six months ended June&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2012</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">2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">(unaudited)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">129,548</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">196,649</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97,574</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148,120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gross profit</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,974</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,529</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operating expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Selling</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,765</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,908</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Administrative</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,056</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,544</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(916</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operating (loss) income</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,394</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,777</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other expense (income)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest expense</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">863</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,044</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(149</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(164</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">714</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">880</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(Loss) income before income taxes</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,108</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,897</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax provision</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">589</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">704</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net (loss) income from continuing operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,697</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Discontinued operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss from discontinued operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">773</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax benefit</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(121</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(276</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss from discontinued operations, net of income taxes</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">497</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net (loss) income</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,896</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accretion charges on Series A Redeemable Preferred Stock</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,683</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,019</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net loss attributable to common stockholders</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(10,579</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(2,323</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Weighted average shares outstanding (basic and diluted)</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,499,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,033,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net loss per share (basic and diluted)</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss per share from continuing operations attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.53</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.09</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss per share from discontinued operations attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.01</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.02</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss per share attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.54</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.11</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:120pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center"><A NAME="fin1614029_9"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONSOLIDATED STATEMENTS OF STOCKHOLDERS&#146; EQUITY AND REDEEMABLE INSTRUMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="41%"></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>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></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="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="34" ALIGN="center">(unaudited)</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Common Stock</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Additional<br>Paid In<br>Capital</TD>
<TD VALIGN="bottom" ROWSPAN="3">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Accumulated<br>Deficit</TD>
<TD VALIGN="bottom" ROWSPAN="3">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Stockholders&#146;<br>Equity </TD>
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Preferred Stock</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Common Stock</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Shares</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Shares</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Shares</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BALANCE &#150; January&nbsp;1, 2012</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,649,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">137</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(9,697</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(9,560</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">44,086</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stock-based compensation</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"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,574</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,574</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;&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"></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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss</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"></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,896</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,896</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&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"></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></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accretion of Redeemable Preferred to Redemption Value</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"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,683</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,683</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,683</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to Redeemable Common Stock fair value measurement</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"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">369</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">369</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;&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"></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(369</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BALANCE &#150; June&nbsp;30,&nbsp;2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,649,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">137</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,260</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(17,593</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(15,196</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">46,769</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="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> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&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="32%"></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="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></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="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Common Stock</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Additional<br>Paid In<br>Capital</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Accumulated<BR>Deficit</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Stockholders&#146;<br>Equity</TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Redeemable<br>Preferred Stock</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Redeemable<br>Common Stock</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Shares</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Shares</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Shares</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00px solid #000000">Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BALANCE &#150; January&nbsp;1, 2013</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,183,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(11,603</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,482</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">49,615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income</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"></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;&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"></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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accretion of Redeemable Preferred to Redemption Value</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"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,019</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,019</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to Redeemable Common Stock fair value measurement</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"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(940</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(29,434</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(30,374</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&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"></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BALANCE &#150; June&nbsp;30, 2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,183,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(40,341</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(40,179</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">52,634</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">47,620</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:120pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center"><A NAME="fin1614029_10"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONSOLIDATED STATEMENTS OF CASH FLOWS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px 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="81%"></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="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">Six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">(unaudited)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Cash flows from operating activities</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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net (loss) income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,896</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to reconcile net (loss) income to net cash used in by operating activities</P></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-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation and amortization of property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,554</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,544</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of deferred financing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Provision for doubtful accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">583</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">532</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gain on sale of property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(189</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(191</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Noncash stock compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,574</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(655</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(97</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(263</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Changes in assets and liabilities, excluding effects of acquisitions</P></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="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts receivable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,741</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,868</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Inventories</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,290</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,399</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,406</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(165</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,561</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income taxes payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">753</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,302</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,170</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">618</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash used in operating activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,664</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,554</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Cash flows from investing activities</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted cash</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchases of property and equipment</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(780</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,421</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash paid for businesses acquired</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(687</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds from sale of property and equipment</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">972</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds from insurance</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash provided by (used in) provided by investing activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">284</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,041</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Cash flows from financing activities</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds from revolving line of credit, net</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,417</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Principal payments on other notes payable</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(425</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Payments on capital lease obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,153</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,721</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash provided by financing activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,244</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,550</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net change in cash</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,864</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(45</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash at beginning of period</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,528</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash at end of period</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,392</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Supplemental disclosures of cash flow information</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash paid during the period for:</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">964</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income taxes, net of refunds</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,181</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Supplemental disclosure of noncash investing and financing activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vehicles capitalized under capital leases and related lease obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,330</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,990</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Note payable issued in connection with acquisition of business</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center"><A NAME="fin1614029_11"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 1 &#150; ORGANIZATION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Installed Building Products, Inc. (&#147;IBP&#148;, formerly CCIB Holdco, Inc.), a Delaware corporation formed on October&nbsp;28, 2011, and its wholly owned
subsidiaries (collectively referred to as the &#147;Company&#148; and &#147;we&#148;, &#147;us&#148; and &#147;our&#148;), primarily install insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors and other products for
residential and commercial builders located in the continental United States. IBP operates in over 100 locations within the continental United States and its corporate office is located in Columbus, Ohio. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have one operating segment and a single reportable segment. Substantially all of our sales come from service based installation of various products in the
existing and new residential and commercial construction end markets. Each of our branches has the capacity to serve all of our end markets. For the six months ended June&nbsp;30, 2012, 85.0% of our net revenue was attributable to new and existing
residential construction, whereas 15.0% was attributable to commercial construction. For the six months ended June&nbsp;30, 2013, 88.4% of our net revenue was attributable to new and existing residential construction, with the remaining 11.6%
attributable to commercial construction. The Company has no international sales. All of the Company&#146;s identifiable assets are in the continental United States. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All amounts as of and for the period ended June&nbsp;30, 2012 are unaudited. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a summary of the percentage of installation net revenue by product category: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Six&nbsp;months&nbsp;ended<BR>June&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2012</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">2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Insulation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Garage Doors</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>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Shower doors, shelving &amp; mirrors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rain gutters</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other building products</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</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>NOTE 2 &#150; SIGNIFICANT ACCOUNTING POLICIES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Basis of Presentation and Principles of Consolidation</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Company prepares its consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (&#147;U.S. GAAP&#148;). The accompanying consolidated financial statements include all wholly owned
subsidiaries and majority owned subsidiaries. The non-controlling interest relating to majority owned subsidiaries is not significant for presentation. All significant intercompany accounts and transactions have been eliminated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Use of Estimates</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Preparation of the consolidated
financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the allowance for doubtful accounts, valuation allowance on deferred tax assets, valuation of the reporting unit, intangible
assets and other long-lived assets, share based compensation, reserves for general liability, workers&#146; compensation and medical insurance and common stock and preferred stock. Management believes the accounting estimates are appropriate and
reasonably determined; however, due to the inherent uncertainties in making these estimates, actual amounts could differ from such estimates. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Cash and Cash Equivalents</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We consider all highly liquid investments purchased with original term to maturity of three months or less to be cash equivalents. Substantially all cash and
cash equivalents are held in one bank. The bank provides FDIC coverage of $250 per depositor. Included in accounts payable are outstanding checks of $1,480 and $2,567 as of December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively. Included in
accrued compensation are outstanding checks of $506 and $892 as of December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively. We manage our cash to a zero balance account and borrow funds under our Revolving Line of Credit (the &#147;LOC&#148;) to
cover outstanding checks. Refer to Note&nbsp;5, Long-Term Debt for further details on the LOC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Restricted Cash</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Restricted cash consists of deposits held by our insurance carrier for general liability and workers&#146; compensation reserves. Restricted cash is not
considered cash and cash equivalents for purposes of the statements of cash flows. Classification between current and long-term is dependent upon the timing of the intended use of each particular reserve. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Revenue Recognition</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Revenue from the sale and
installation of products is recognized when all of the following have occurred: (i)&nbsp;persuasive evidence of an arrangement exists, (ii)&nbsp;delivery has occurred or services have been rendered, (iii)&nbsp;the price is fixed or determinable and
(iv)&nbsp;the ability to collect is reasonably assured. Revenue is recognized net of adjustments and discounts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Revenue from the sale and installation of
products to customers is recognized at the time the installation is complete. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Business Combinations</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The purchase price for business combinations is allocated to the estimated fair values of acquired tangible and intangible assets and assumed liabilities,
including goodwill, where applicable. Additionally, we recognize customer relationships, trademarks and trade names, and non-competition agreements as identifiable intangible assets. These assets are recorded at fair value as of the transaction
date. The fair value of these intangibles is determined primarily using the income approach and using current industry information which involves significant unobservable inputs (Level 3 inputs). These inputs include projected sales, margin, and tax
rate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Accounts Receivable</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company accounts for
trade receivables based on amounts billed to customers. Past due receivables are determined based on contractual terms. The Company does not accrue interest on any of its trade receivables. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Allowance for Doubtful Accounts</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company maintains an
allowance for doubtful accounts for estimated losses resulting from the failure of customers to make required payments. The allowance is determined by management based on the Company&#146;s historical losses, specific customer circumstances, and
general economic conditions. The Company analyzes aged accounts receivable and generally increases the allowance as receivables age. Management reviews </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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>


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
accounts receivable and records an allowance for specific customers based on current circumstances and charges off the receivable against the allowance when all attempts to collect the receivable
have failed. This analysis is performed regularly and the allowance is adjusted accordingly. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:175.25pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B>Allowance for doubtful accounts receivable<B></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>January&nbsp;1, 2012</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,571</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Charged to costs and expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">583</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Charged to other accounts (1)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deductions (2)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(531</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>June 30, 2012</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,795</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>January 1, 2013</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,412</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Charged to costs and expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">532</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Charged to other accounts (1)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deductions (2)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(568</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,548</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:17%;border-bottom:1px solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Recovery of receivables previously written-off as bad debt. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Write-off of uncollectible accounts receivable. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Concentration of Credit Risk</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Credit risk is the risk of financial loss to the Company from the non-performance of a contractual obligation on the part of the Company&#146;s counterparty.
Such risk arises principally from the Company&#146;s receivables from customers and cash and bank balances. Substantially all of the Company&#146;s trade accounts receivable are from entities engaged in residential and commercial construction. The
Company performs periodic credit evaluations of its customers&#146; financial condition. The general credit risk of the Company&#146;s counterparties is not considered to be significant. In addition, no individual customer made up more than 3.0% of
net revenue for the six months ended June&nbsp;30, 2012 and 2013. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Inventories</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Inventories consist of insulation, garage doors, rain gutters, shower doors, mirrors, closet shelving and other products. We install these products but do not
manufacture or modify them. We value inventory at the lower of cost or market with cost determined using the first-in, first-out (&#147;FIFO&#148;) method. As of December&nbsp;31, 2012 and June&nbsp;30, 2013, all inventory was finished goods. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Property and Equipment</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Property and equipment are stated
at cost, less accumulated depreciation. The Company provides for depreciation and amortization of property and equipment using the straight-line method, over the expected useful lives of the assets. Leasehold improvements are amortized over the
shorter of the useful life or the remaining lease term. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Expected useful lives of property and equipment vary but generally are the shorter of lease life
or five years for vehicles, three to five years for furniture, fixtures and equipment, shorter of lease life or five years for leasehold improvements and 30 years for buildings. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Major renewals and improvements are capitalized. Maintenance, repairs and minor renewals are expensed as
incurred. When assets are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is recorded. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Goodwill</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Goodwill results from business combinations and
represents the excess of the purchase price over the fair value of acquired tangible assets and liabilities and identifiable intangible assets. Annually, on December&nbsp;31, or if conditions indicate an earlier review is necessary, we assess
qualitative factors to determine if it is more likely than not that the fair value of a reporting unit is less than its carrying amount and if it is necessary to perform the quantitative two-step goodwill impairment test. If we perform the
quantitative test, we compare the carrying value of the reporting unit to an estimate of the reporting unit&#146;s fair value to identify potential impairment. The estimate of the reporting unit&#146;s fair value is determined by weighting a
discounted cash flow model and a market-related model using current industry information that involve significant unobservable inputs (Level 3 inputs). In determining the estimated future cash flow, we consider and apply certain estimates and
judgments, including current and projected future levels of income based on management&#146;s plans, business trends, prospects and market and economic conditions and market-participant considerations. If the estimated fair value of the reporting
unit is less than the carrying value, a second step is performed to determine the amount of the potential goodwill impairment. If impaired, goodwill is written down to its estimated implied fair value. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Impairment of Other Intangible and Long-Lived Assets</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Other intangible assets consist of customer relationships, non-competition agreements and business trademarks and trade names. Amortization of finite lived
intangible assets is recorded to reflect the pattern of economic benefits based on projected revenues over their respective estimated useful lives (customer relationships &#150; 10 years, non-competition agreements &#150; two to five years and
business trademarks and trade names &#150; eight to 15 years). We do not have any indefinite-lived intangible assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We review long-lived assets
whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. An impairment loss is recognized when estimated future cash flows expected to result from the use of an asset and its eventual
disposition are less than its carrying amount. When impairment is identified, the carrying amount of the asset is reduced to its estimated fair value. Assets to be disposed of are recorded at the lower of net book value or fair market value less
cost to sell at the date management commits to a plan of disposal. Based upon our assessments no impairment charges were recorded during the six months ended June&nbsp;30, 2012 or June&nbsp;30, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other Liabilities</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our workers&#146; compensation
insurance is primarily under a high-deductible insurance policy and our general liability insurance is under a self-insured retention program (&#147;SIR&#148;). We are insured for covered claims above the deductible and SIR. The liabilities
represent our best estimate of our costs, using generally accepted actuarial reserving methods, of the ultimate obligations for reported claims plus those incurred but not reported for all claims incurred through December&nbsp;31, 2012 and
June&nbsp;30, 2013. We establish case reserves for reported claims using case-basis evaluation of the underlying claims data and we update as information becomes known. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The assumptions underlying the ultimate costs of existing claim losses are subject to a high degree of unpredictability, which can affect the liability
recorded for such claims. For example, variability in inflation rates </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
of health care costs inherent in workers&#146; compensation claims can affect the ultimate costs. Similarly, changes in legal trends and interpretations, as well as a change in the nature and
method of how claims are settled can affect ultimate costs. Our estimates of liabilities incurred do not anticipate significant changes in historical trends for these variables, and any changes could have a considerable effect on future claim costs
and currently recorded liabilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Advertising Costs</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Advertising costs are expensed as incurred. Advertising expense was approximately $1,036 and $788 for the six months ended June&nbsp;30, 2012 and 2013,
respectively, and is included in selling expense on the Consolidated Statements of Operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Deferred Financing Costs</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deferred financing costs are amortized over the term of the related debt using the effective interest method. The related amortization expense of these costs
was $87 and $87 and is included in interest expense on the Consolidated Statements of Operations for the six months ended June&nbsp;30, 2012 and 2013, respectively. Deferred financing costs are included in other long-term assets on the Consolidated
Balance Sheets and were $496 and $408, net as of December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Share-Based Compensation</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2010, IBP Management Holdings, LLC, one of our stockholders, and in 2011, IBP Investment Holdings, LLC, one of our principal stockholders, issued membership
interests in their equity to certain of our employees (the &#147;Awards&#148;). Certain of these employees were granted Employee Puts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2010, when the
employees received the Awards, the then fair value of the Awards less any consideration in exchange for the Awards was recorded as compensation expense. In accordance with the terms of the Awards, they were deemed equity-classified instruments as
there is no service or vesting period associated with these Awards and all compensation expense was recognized upon issuance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon issuance of the
Employee Puts, the then fair value of the Employee Puts received was recorded as compensation expense over the service period, if applicable. The Employee Puts are deemed to be liability-classified instruments that are directly associated with the
Awards. As such, both the Awards and the Employee Puts are accounted for as liability-classified instruments as of the issuance date of the Employee Put. During the period for which the Employee Puts are exercisable, both the Employee Puts and the
associated Awards are remeasured to fair value each reporting period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">It is assumed that Employee Puts will be exercised at the greater of the fixed
price or fair market value. In the absence of a publicly traded market, the fair market value of the Employee Puts and underlying units are estimated primarily using discounted cash flow and, secondarily, using other market-related models that
factor in current industry trends. In determining the estimated future cash flow, we consider and apply certain estimates and judgments, including current and projected future levels of income based on management&#146;s plans, business trends,
prospects and market and economic conditions and market-participant considerations. The adjustment to the carrying fair value is based upon an equity rate of return for a public company in our industry with similar financial trends and
characteristics. The fair value of the Company&#146;s common stock is used to determine the value of the Employee Puts based on their ownership interest. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Because the awards were granted by a related party as compensation to employees of the Company, the
compensation associated with the awards was pushed down by the related parties and recorded as a non-cash expense in the Company&#146;s Consolidated Statements of Operations during the six months ended June&nbsp;30, 2012 and June&nbsp;30, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Income Taxes</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company accounts for income taxes using
the asset and liability method. Under this method, the amount of taxes currently payable or refundable are accrued, and deferred tax assets and liabilities are recognized for the estimated future tax consequences of temporary differences that
currently exist between the tax basis and financial reporting basis of the Company&#146;s assets and liabilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Valuation allowances are established
against deferred tax assets when it is more likely than not that the realization of those deferred tax assets will not occur. In evaluating our ability to recover our deferred tax assets within the jurisdiction from which they arise, we consider all
available positive and negative evidence, including scheduled reversals of deferred tax liabilities, the ability to produce future taxable income, tax planning strategies available and recent financial operations. In projecting future taxable
income, we begin with historical results adjusted for the results of discontinued operations and changes in accounting policies and incorporate assumptions including the amount of future federal and state pretax operating income, the reversal of
temporary differences and the implementation of feasible and prudent tax planning strategies. These assumptions require significant judgment about the forecasts of future taxable income and are consistent with the plans and estimates we use to
manage the underlying businesses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deferred tax assets and liabilities are measured using the enacted tax rates in effect in the years when those
temporary differences are expected to reverse. The effect on deferred taxes from a change in tax rate is recognized through continuing operations in the period that includes the enactment date of the change. Changes in tax laws and rates could also
affect recorded deferred tax assets and liabilities in the future. Management is not aware of any such changes that would have a material effect on the Company&#146;s results of operations, cash flows or financial position. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including
resolutions of any related appeals or litigation processes, based on the technical merits. Income tax positions must meet a more likely than not recognition threshold to be recognized. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company recognizes tax liabilities for uncertain tax positions and adjusts these liabilities when the Company&#146;s judgment changes as a result of the
evaluation of new information not previously available. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate of the tax liabilities. These
differences will be reflected as increases or decreases to income tax expense and the effective tax rate in the period in which the new information becomes available. Interest and penalties related to unrecognized tax benefits are recognized within
income tax expense in the Consolidated Statements of Operations. Accrued interest and penalties are recognized in accrued expenses on the Consolidated Balance Sheets. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our income tax expense, deferred tax assets and liabilities and reserves for unrecognized tax benefits reflect management&#146;s best assessment of estimated
future taxes to be paid. We are subject to income taxes in the United States which includes numerous state and local jurisdictions. Significant judgments and estimates are required in determining the income tax expense, deferred tax assets and
liabilities and the reserve for unrecognized tax benefits. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Discontinued Operations</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We continually review each of our markets in order to refine our overall investment strategy and to optimize capital and resource allocations in an effort to
enhance our financial position and to increase Company value. This review entails an evaluation of both external market factors and our position in each market and over time has resulted in the decision to discontinue certain locations. Customers of
discontinued locations will not be served by other locations. There were no material assets or liabilities related to our discontinued operations as of December&nbsp;31, 2012 or June&nbsp;30, 2013. Discontinued operations were not segregated in the
Consolidated Statements of Cash Flows. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Estimated Fair Value of Financial Instruments</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accounts receivable, accounts payable and accrued liabilities as of December&nbsp;31, 2012 and June&nbsp;30, 2013 approximate their fair value due to the
short-term maturities of these financial instruments. The carrying amounts of the long-term debt under the revolving lines of credit approximate their fair value as of December 31, 2012 and June 30, 2013 due to the short term maturities of the
underlying variable rate LIBOR agreements. This represents a Level 2 fair value measurement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Recently Adopted Accounting Pronouncements</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In May 2011, the Financial Accounting Standards Board (&#147;FASB&#148;) issued ASU No.&nbsp;2011-04, Amendments to Achieve Common Fair Value Measurement and
Disclosure Requirements in U.S.&nbsp;GAAP and IFRS (&#147;ASU 2011-04&#148;). The amendments in this ASU are intended to improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with
U.S.&nbsp;GAAP and International Financial Reporting Standards (&#147;IFRS&#148;). The amendments in this ASU explain how to measure fair value. They do not require additional fair value measurements and are not intended to establish valuation
standards or affect valuation practices outside of financial reporting. The guidance is effective for fiscal years, and interim periods within those years, beginning after December&nbsp;15, 2011. The Company adopted the provisions of ASU 2011-04 on
January&nbsp;1, 2012. The adoption did not have a material impact on the Company&#146;s financial position or results of operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Recently Issued
Accounting Pronouncements Not Yet Adopted</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2013, there are no recently issued accounting standards not yet adopted that would have
a material effect on the Company&#146;s financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 3 &#150; PROPERTY AND EQUIPMENT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Property and equipment consisted of the following: </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="61%"></TD>
<TD VALIGN="bottom" WIDTH="14%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">As&nbsp;of&nbsp;December&nbsp;31,<BR>2012</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">As&nbsp;of&nbsp;June&nbsp;30,<BR>2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Land</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Buildings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Leasehold improvements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,492</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Furniture, fixtures and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,606</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,932</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vehicles and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,814</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,154</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,866</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: accumulated deprecation and amortization</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(50,265</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(49,042</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,931</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">26,824</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Property and equipment as of December&nbsp;31, 2012 and June&nbsp;30, 2013 of $38,742 and $37,570, respectively, were fully
depreciated. Depreciation expense during the six months ended June&nbsp;30, 2012 and 2013 was $2,000 and $3,554, respectively. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 4 &#150; GOODWILL
AND INTANGIBLES </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s goodwill was tested for impairment as of December&nbsp;31, 2012. Going forward we have moved our goodwill
impairment assessment date to October&nbsp;1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Intangibles, net</U> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table provides the gross carrying amount and accumulated amortization for each major class of intangibles: </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="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="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">As of December&nbsp;31, 2012</TD>
<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">As of June&nbsp;30, 2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">Gross<BR>Carrying<BR>Amount</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">Accumulated<BR>Amortization</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">Net Book<BR>Value</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">Gross<BR>Carrying<BR>Amount</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">Accumulated<BR>Amortization</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">Net Book<BR>Value</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortized intangibles:</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>
<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;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Customer relationships</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">20,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,425</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">21,268</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">13,428</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,840</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Non-competition agreements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">761</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">260</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,061</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">857</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trademarks and trade names</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,545</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,796</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,827</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,240</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,587</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">33,005</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,982</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">34,156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">19,525</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">14,631</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amortization expense on intangible assets totaled $1,400 and $1,544 during the six months ended June&nbsp;30,
2012 and 2013, respectively. Remaining estimated aggregate annual amortization expense is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,498</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2014</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,606</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2015</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,416</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2016</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2017</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thereafter</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,520</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 5 &#150; LONG-TERM DEBT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Debt consists of the following: </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="74%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">As&nbsp;of&nbsp;December&nbsp;31,<BR>2012</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">As&nbsp;of&nbsp;June&nbsp;30,<BR>2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revolving Lines of Credit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">28,928</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Various notes payable, maturing through December 2016; payable in various monthly installments, including interest rates ranging from
0.0% to 8.5%</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">660</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">847</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,891</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,775</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: current maturities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(186</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(264</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term debt, less current maturities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">29,511</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are a party to a revolving loan and security agreement with a lender (the &#147;Credit Agreement&#148;). The Credit
Agreement provides for a Revolving Line of Credit (the &#147;LOC&#148;) with a maximum limit of $50,000. The LOC is due May&nbsp;4, 2016 with interest at either 1) the Eurodollar rate (&#147;LIBOR&#148;) or 2) the Alternate Base Rate (which
approximates the Prime Rate), plus a margin based on the type of rate applied. The Company had $16,000 and $27,000 outstanding on the LOC at 1-month LIBOR including margin (2.25% - 3.75%) as of December 31, 2012 and June&nbsp;30, 2013, respectively.
The Company also had $1,231 and $1,928 outstanding on the LOC at the Alternate Base Rate including margin (4.25%) as of December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The LOC permits borrowings based on a stated percentage of eligible accounts receivable and inventories. The borrowings on the LOC are also subject to a
minimum availability reserve. The Company had available borrowings of $15,492 and $13,795 under its LOC as of December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively. In addition, the Company is required to pay a monthly fee of 0.375%&nbsp;per
annum on the average unused commitment under the LOC. Amounts outstanding under the Credit Agreement are collateralized by a first lien security position on all assets, including, but not limited to, all real estate, property, equipment, receivables
and inventories. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Credit Agreement also contains various restrictive non-financial covenants that include more frequent borrowing base reporting if
the minimum availability falls below a certain threshold, and several limitations on specific changes that would result in incurring additional debts or pledging the Company&#146;s assets, including </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
restrictions on distributions to be made to our stockholders. The Credit Agreement also contains a provision that upon a change in control or an event of default (as defined within the Credit
Agreement), amounts outstanding under the LOC would bear interest at the rate as determined above plus 2%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Credit Agreement also allows the Company
to issue Letters of Credit not to exceed $10,000 in the aggregate. To support the Company&#146;s insurance programs, there were outstanding Letters of Credit of $7,278 as of December&nbsp;31, 2012 and June&nbsp;30, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Aggregate maturities of long-term debt are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2014</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">265</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2015</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">276</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2016</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">29,775</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 6 &#150; FAIR VALUE MEASUREMENTS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Fair Values </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fair value is the price that would be
received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The standard establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs
when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Level 1: Quoted prices
(unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices
in markets that are not active or other inputs that are observable or can be corroborated by observable market data. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Level 3: Significant
unobservable inputs that reflect a reporting entity&#146;s own assumptions about the assumptions that market participants would use in pricing an asset or liability. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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>


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Assets and Liabilities Measured at Fair Value on a Recurring Basis </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In many cases, a valuation technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy. The lowest level of
significant input determines the placement of the entire fair value measurement in the hierarchy. During the periods presented, there were no transfers between fair value hierarchical levels. </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="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Balance&nbsp;as&nbsp;of<BR>December&nbsp;31,<BR>2012</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">Quoted&nbsp;prices&nbsp;in<BR>active markets<BR>Level 1</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">Significant&nbsp;other<BR>observable&nbsp;inputs<BR>Level 2</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">Significant<BR>unobservable<BR>inputs<BR>Level 3</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Put option &#150; Series A Preferred Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Redeemable Common Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</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;&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total items measured at fair value on a recurring basis</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">18,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">18,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="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 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="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Balance&nbsp;as&nbsp;of<BR>June&nbsp;30,&nbsp;2013</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">Quoted&nbsp;prices&nbsp;in<BR>active markets<BR>Level 1</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">Significant&nbsp;other<BR>observable&nbsp;inputs<BR>Level 2</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">Significant<BR>unobservable<BR>inputs<BR>Level 3</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Put option &#150; Series A Preferred Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">519</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">519</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Redeemable Common Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,620</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;&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,620</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total items measured at fair value on a recurring basis</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">48,139</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">48,139</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a general description of the valuation methodologies used for liabilities and mezzanine equity (which
includes preferred redeemable and common stock) items measured at fair value: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Put option &#150; Series A Preferred Stock &#150; The Company identified a
certain embedded feature in the Series A Preferred Stock that was required to be bifurcated and accounted for as a derivative. The identified put option allows Series A Preferred stockholders to put their shares upon a change in control. The
estimated fair value of the put option on Series A Preferred Stock is determined using our estimates of the probability of a change in control during each period the option is outstanding in combination with the accreted fair value of the Series A
Preferred Stock during the option period. Those resulting probabilities are then calculated at net present value. An increase in the probability of the change in control would increase the fair value of the embedded derivative. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Redeemable Common Stock &#150; The estimated fair value of the redeemable feature of certain shares of our outstanding common stock is determined using a
combination of discounted cash flows and market multiple approach modeling. The fair value is estimated using this method to mark the Redeemable Common Stock to market at each period end. The weighted average cost of capital (&#147;WACC&#148;) used
was 13% and 18% as of December&nbsp;31, 2012 and June 30, 2013, respectively, and an increase in the WACC would decrease the fair value of the Redeemable Common Stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-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="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Changes in the fair value of recurring fair value measurements using significant unobservable inputs (Level
3) for the six months ended June&nbsp;30, 2012 and 2013 were as follows (in thousands): </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="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance as of January&nbsp;1, 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to fair value measurement impacting the Statement of Stockholders&#146; Equity and Redeemable Instruments</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(369</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to fair value measurement impacting the Statement of Operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(97</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance as of June&nbsp;30, 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,960</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance as of January 1, 2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">18,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to fair value measurement impacting the Statement of Stockholders&#146; Equity and Redeemable Instruments</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to fair value measurement impacting the Statement of Operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(263</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance as of June&nbsp;30, 2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">48,139</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The unrealized gain related to the put option liabilities is recorded within other expense (income) on the Consolidated
Statements of Operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 7 &#150; STOCKHOLDERS&#146; EQUITY AND REDEEMABLE INSTRUMENTS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2012, and June&nbsp;30, 2013 we had 33,050,862 shares of common stock authorized, 22,033,901 shares of common stock issued and
outstanding and 1,000 shares of Series A Preferred Stock, authorized, issued and outstanding, all with par value of $0.01. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Redeemable Instruments
</U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Series A Preferred Stock carries an optional redemption feature and can be redeemed, at the election of the holder, any time on or after
July&nbsp;31, 2016, but prior to July&nbsp;31, 2021, at an amount equal to $75,789, three times the original issue price of $25,263, plus accrued dividends, if any (the &#147;Redemption Price&#148;). If the optional redemption is exercised and we
are unable to settle the obligation with the holder, then dividends accrue at a rate of 25% on the portion of shares not redeemed. The Company may, at its election prior to the optional redemption date, redeem the shares of Series A Preferred Stock
at the Redemption Price. As the redemption of the preferred shares is dependent on the passage of time, the Company has elected to accrete to the Redemption Price the value of the Series A Preferred Stock using the interest method, over the period
from the issuance date until the earliest redemption date (July 31, 2016). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">One of our stockholders who owns 5,850,000 shares of Redeemable Common Stock
as of November&nbsp;4, 2011 has put rights that require us to repurchase its shares beginning in April 2019 at fair value determined at the redemption date. As the redemption price is equivalent to the fair value of the instrument, we adjust the
carrying value of the Redeemable Common Stock to its fair value with an adjustment to equity. We also have a right to call 975,000 of these shares, at par value, before December&nbsp;31, 2014 if we redeem all of the Series A Preferred Stock prior to
that date. These put and call rights terminate upon an initial public offering of the Company&#146;s common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon dissolution of the Company and
payment of all indebtedness to creditors, preferred stockholders are entitled to receive distributions for their preferred shares up to the Redemption Price prior to common stockholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-48 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 8 &#150; EMPLOYEE BENEFITS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We participate in multiple healthcare plans, one of which is held and administered by a trust that is a related party. This plan is partially self-funded with
an insurance company paying benefits in excess of stop loss limits per individual. Our healthcare benefit expense (net of employee contributions) was approximately $2,751 and $3,824 for the six months ended June&nbsp;30, 2012 and 2013, respectively
for all plans. An accrual for estimated healthcare claims incurred but not reported is included within accrued compensation on the Consolidated Balance Sheets and was $663 and $830 as of December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We participate in multiple workers&#146; compensation plans. Under these plans, we use a high deductible program to cover losses above the deductible
amount on a per claim basis. We accrue for the estimated losses occurring from both asserted and un-asserted claims. Workers&#146; compensation liability for premiums is included in other current liabilities on the Consolidated Balance Sheets.
Insurance claims and reserves include accruals of estimated settlements for known claims, as well as accruals of actuarial estimates of IBNR. In estimating these reserves, historical loss experience and judgments about the expected levels of costs
per claim are considered. These claims are accounted for based on actuarial estimates of the undiscounted claims, including those claims incurred but not reported. We believe the use of actuarial methods to account for these liabilities provides a
consistent and effective way to measure these highly judgmental accruals. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Workers&#146; compensation expense totaled $2,007 and $3,093 during the six
months ended June&nbsp;30, 2012 and 2013, respectively. As of December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively, workers&#146; compensation reserves for known claims and incurred but not reported claims (&#147;IBNR&#148;) totaled $4,570
and $5,091 and are included in other long-term liabilities on the accompanying balance sheets. Other long-term liabilities include $3,430 and $3,473 of accrued insurance reserves as of December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively. We
also had an insurance receivable for a claim that exceeded the stop loss limit and is in included in other long-term assets on the face of the Consolidated Balance Sheets. That receivable offsets an equal liability included within the reserve amount
noted above and totaled $1,777 and $1,765 as of December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company also participates in various
profit-sharing and 401(k) plans. Certain plans provide that eligible employees can defer a portion of their wages into the trust, subject to current Internal Revenue Code rules and limitations. The Company provides a matching contribution of wages
deferred by employees and can also make discretionary contributions to each plan. Certain plans allow for discretionary employer contributions only. These plans cover substantially all eligible employees of the Company. During the six months ended
June&nbsp;30, 2012 and 2013, we matched employee contributions under certain plans, resulting in administrative expenses of $236 and $349, respectively. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-49 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 9 &#150; INCOME TAXES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The provision for income taxes from continuing operations is comprised of: </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="74%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2012</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">2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current:</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="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Federal</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">427</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,303</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">State</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">485</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,383</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred:</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Federal</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(688</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">State</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(679</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total tax expense</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">589</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">704</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The reconciliation between the Company&#146;s effective tax rate on income from continuing operations and the statutory tax
rate is as follows: </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="68%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></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>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center">Six months ended June&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2012</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">2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax at federal statutory rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(2,488</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(35.0</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stock compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,005</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fair value adjustment on Series A Preferred Stock Put Option</P></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(92</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other non-deductible expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(32</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1.8</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Change in valuation allowance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">124</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">State income taxes, net of Federal benefit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total Income Tax Expense</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">589</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">704</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37.0</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-50 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Components of the net deferred tax liability are as follows: </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="61%"></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">As&nbsp;of&nbsp;December&nbsp;31,<BR>2012</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">As&nbsp;of&nbsp;June&nbsp;30,<BR>2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred Tax Assets</P></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-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current</P></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="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued reserves and allowances</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">155</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Inventories</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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current deferred tax assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">751</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">212</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net operating loss carryforwards</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">688</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">688</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-Term deferred tax assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">688</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">688</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total deferred tax assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">900</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: Valuation allowance</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(228</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(352</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net deferred tax assets</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,211</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">548</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred Tax Liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property and equipment</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(61</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(63</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intangibles</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(529</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(425</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investment in partnership</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,932</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,715</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(64</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(65</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total deferred tax liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,586</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,268</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net deferred tax liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(11,375</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(10,720</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2013, we have federal and state income tax net operating loss (NOL) carryforwards of $688. Due to the IRS
Section&nbsp;382 elimination of NOLs generated prior to the Recapitalization, the earliest expiration date is 2030. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Valuation Allowance </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We assess the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize the existing deferred tax
assets on a jurisdiction and by tax filing entity. A significant piece of objective negative evidence evaluated is cumulative losses incurred over the most recent three year period. Such objective evidence limits the ability to consider other
subjective evidence such as our projections for future growth. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Based on this evaluation, a valuation allowance has been recorded as of December&nbsp;31,
2012 and June&nbsp;30, 2013 for the net deferred tax assets recorded on certain of our wholly owned subsidiaries. Such deferred tax assets relate primarily to net operating losses which are not more likely than not realizable. However, the amount of
the deferred tax asset considered realizable could be adjusted if estimates of future taxable income during the carryforward period change, or if objective negative evidence in the form of cumulative losses is no longer present. Additional weight
may be given to subjective evidence such as our projections for growth in this situation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-51 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">After the evaluation of all our tax filing positions, both federal and state, we do not believe we have any
uncertain tax positions. If future tax law changes or interpretations should come to light, or additional information should become known, this conclusion may change. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company is subject to taxation in the United States and various state jurisdictions. As of June&nbsp;30, 2013 the Company&#146;s tax years for 2009, 2010,
and 2011 are subject to examination by the tax authorities. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" 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="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:85.35pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Valuation Allowance</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>January 1, 2012</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Charged to costs and expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>June 30, 2012</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(14</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>January 1, 2013</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(228</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Charged to costs and expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(124</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(352</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Uncertain tax positions </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are subject to taxation in the United States and various state jurisdictions. As of December&nbsp;30, 2013 our tax years for 2009, 2010, and 2011 are
subject to examination by the tax authorities. We have unrecognized tax benefits related to temporary items. A rollforward of the gross unrecognized tax benefits is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unrecognized tax benefit, January 1, 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">924</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Increase as a result of tax positions taken during the prior period</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Decrease as a result of tax positions taken during the prior period</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(504</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unrecognized tax benefit June&nbsp;30, 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unrecognized tax benefit, December&nbsp;31, 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Increase as a result of tax positions taken during the period</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Decrease as a result of tax positions taken during the period</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(926</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unrecognized tax benefit, June&nbsp;30, 2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We do not expect any of our unrecognized tax benefit to reverse in the next twelve months. All of the unrecognized tax
benefits, if recognized, would affect the effective tax rate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Interest expense and penalties accrued related to uncertain tax positions for the year
ended December&nbsp;31, 2012 and June&nbsp;30, 2013 are not significant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Determining uncertain tax positions and the related estimated amounts requires
judgment and carry estimation risk. If future tax law changes or interpretations should come to light, or additional information should become known, our conclusions regarding unrecognized tax benefits may change. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-52 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 10 &#150; RELATED PARTY TRANSACTIONS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We sell installation services to other companies related through common or affiliated ownership. We also purchase services and materials and pay rent to
companies with common or related ownership. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We lease our headquarters and other facilities from certain related parties. Refer to Note&nbsp;11,
Commitments and Contingencies, for future minimum lease payments to be paid to these related parties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the six months ended June&nbsp;30, 2012 and
2013, the amount of sales to common or related parties as well as the purchases from and rent paid to these common or related parties are as follows: </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="72%"></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">819</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">584</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchases</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,714</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">345</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to an Individual Guaranty Agreement and a Guaranty Agreement, each dated as of October 22, 2012, certain of our
investors guaranteed our letter of credit reimbursement obligations to Bank of America, N.A. in connection with letters of credit issued by Bank of America, N.A. to support our workers compensation policies. Such letters of credit are currently
issued under our existing credit facility and these guarantees were terminated on July 30, 2013. In addition, one of our investors guaranteed certain reimbursement obligations of ours under certain performance and licensing bonds issued by sureties
on behalf of us in the ordinary course of business. These bonds are being replaced as they expire with bonds that do not require any guarantee. These obligations were not direct guarantees of the company. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 11 &#150; COMMITMENTS AND CONTINGENCIES </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Leases
</U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are obligated under capital leases covering vehicles and certain equipment. Total assets relating to capital leases were $39,364 and $48,864 as of
December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively, and a total of $23,033 and $21,903 were fully depreciated as of December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively. The vehicles and equipment leases generally have terms ranging
from four to six years. The net book value of assets under capital leases was $12,694 and $21,087 as of December&nbsp;31, 2012 and June&nbsp;30, 2013, respectively, net of accumulated depreciation of $26,670 and $27,777, respectively. Amortization
of assets held under capital leases is included with depreciation expense on the Consolidated Statements of Operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We also have several
noncancellable operating leases, primarily for buildings, improvements, equipment and certain vehicles. These leases generally contain renewal options for periods ranging from one to five years and require the Company to pay all executory costs such
as property taxes, maintenance and insurance. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-53 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Future minimum lease payments under noncancellable operating leases (with initial or remaining lease terms in
excess of one year) and future minimum capital lease payments as of June&nbsp;30, 2013 are as follows: </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="50%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></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="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">Capital&nbsp;leases</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">Operating Leases</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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">Related&nbsp;party</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">Other</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">Total&nbsp;Operating</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2013</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">255</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,316</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,571</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,920</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">510</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,852</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2015</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,477</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">394</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,462</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,856</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,606</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,626</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,874</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,765</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">976</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thereafter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">405</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,737</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,771</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,636</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,600</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">13,969</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,569</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<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"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: Amounts representing interest</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,711</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total obligation under capital leases</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,925</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: Current portion of capital leases</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,671</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term capital lease obligation</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">13,254</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&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></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Total rent expense under these operating leases for the six months ended June&nbsp;30, 2012 and 2013 was $2,935 and $3,554,
respectively, which is included in the Consolidated Statements of Operations as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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="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">Six months ended</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">June&nbsp;30,<BR>2012</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">June&nbsp;30,<BR>2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">286</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Selling</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Administrative</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,249</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,935</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,554</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Supply Contract Commitments </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2012 and June&nbsp;30, 2013, we had two product supply contracts with minimum purchase requirements at market rates. The terms of the
contracts extend through December&nbsp;31, 2014 and August&nbsp;31, 2017. The contract commitments are disclosed in the table below. We expect our quantity purchases to exceed the minimum quantity commitments for all years covered by the contracts.
Actual purchases made under the contracts for the six months ended June&nbsp;30, 2012 and June&nbsp;30, 2013 were $4,056 and $13,894, respectively. Purchase obligations under the contracts as of June&nbsp;30, 2013 were as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="62%"></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="font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Payments due by period</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Total</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">Less&nbsp;than<BR>1 year</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">1-3&nbsp;years</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">3-5&nbsp;years</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">More&nbsp;than<BR>5 years</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchase Obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,661</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other Commitments and Contingencies </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A class action lawsuit was filed on February 11, 2013 and an amended complaint was filed on May&nbsp;15, 2013 in the Superior Court of King County, Washington,
against us, alleging violations of Washington State wage and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-54 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
hour laws for failure to pay prevailing and minimum wage and overtime wages. The plaintiffs are former insulation installers for Installed Building Products II, LLC, one of our subsidiaries, in
Washington who seek to represent all similarly situated workers. They seek all unpaid wages, along with litigation costs and fees. We believe we have meritorious defenses to the allegations and intend to vigorously defend against the case. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A lawsuit was filed on July&nbsp;23, 2013 in federal court in the Middle District of Tennessee against one of our subsidiaries, TCI Contracting, LLC
(&#147;TCI&#148;) d/b/a Installed Building Products of Nashville, alleging unpaid overtime and failure to pay lawful wages under federal law, Tennessee common law and in unjust enrichment and in breach of an alleged contract. The named plaintiffs
are former insulation installers in Nashville. The plaintiffs seek to have this case certified as a collective action under the Federal Fair Labor Standards Act and as a class action under Tennessee law. They seek reimbursement of the overtime wages
for all time worked over forty hours each week, as well as liquidated damages and litigation costs and fees. We believe we have meritorious defenses to the allegations and intend to vigorously defend against the case. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The ultimate liabilities, if any, with respect to the two employment-related cases disclosed above cannot be determined at this time, and we are currently
unable to estimate a range of reasonably possible losses associated with the litigation. As such, we have not accrued a liability relating to these matters as of June&nbsp;30, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">From time to time, various claims and litigation are asserted or commenced against us principally arising from contractual matters and personnel and
employment disputes. In determining loss contingencies, management considers the likelihood of loss as well as the ability to reasonably estimate the amount of such loss or liability. An estimated loss is recorded when it is considered probable that
such a liability has been incurred and when the amount of loss can be reasonably estimated. It is not certain that we will prevail in these matters. However, we do not believe that the ultimate outcome of any pending matters will have a material
adverse effect on our consolidated financial position, results of operations or cash flows. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 12 &#150; BUSINESS COMBINATIONS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of our ongoing strategy to increase market share in certain markets, we acquired Ace Insulation (&#147;Ace&#148;) during the six months ended
June&nbsp;30, 2013. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The estimated fair values of the assets acquired and liabilities assumed for the Ace acquisition approximated the following: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Ace</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts receivable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">213</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Inventory</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">263</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts payable and accrued expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(609</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total purchase price</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">987</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Seller notes and obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash paid</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total purchase price</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">987</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-55 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Estimates of acquired intangible assets related to the acquisition are as follows: </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:8pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Ace</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:86.95pt; font-size:8pt; font-family:Times New Roman">Acquired Intangible Assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Estimated<BR>Fair&nbsp;Value</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">Weighted<BR>Average<BR>Estimated<BR>Useful&nbsp;Life<BR>(yrs)</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Customer relationships</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">826</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trademarks and trade names</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Pro Forma Information (unaudited) </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The unaudited pro forma information has been prepared as if the acquisition had taken place on January&nbsp;1, 2012. The unaudited pro forma information is not
necessarily indicative of the results that we would have achieved had the transactions actually taken place on January&nbsp;1, 2012, and the unaudited pro forma information does not purport to be indicative of future financial operating results.
</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="77%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Pro forma for the six<BR>months ended June&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">2012</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">2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">131,178</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">197,289</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net (loss) income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,947</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">581</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss attributable to common stockholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,630</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,438</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss per share attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.55</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unaudited pro forma net income has been calculated after adjusting the combined results of the Company to reflect additional
intangible asset amortization expense of $51 and $17, for the six months ended June&nbsp;30, 2012 and 2013, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 13 &#150; DISCONTINUED
OPERATIONS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the six months ended June 30, 2013, we made the decision to close our branch in Oklahoma City, Oklahoma and our regrind facility in
Newark, Ohio. The regrind facility existed to regrind materials to produce loosefill insulation. Substantially all materials subject to regrinding in this operation were provided by a single supplier. The contract under which the materials were
obtained was terminated, which resulted in the facility being closed. During the six months ended June&nbsp;30, 2012, we made the decision to close our branches in Erie, Pennsylvania and Knoxville, Tennessee. We have presented the operations of
these closed branches and the regrind facility as discontinued operations in the Consolidated Statements of Operations for the six months ended June&nbsp;30, 2012 and 2013. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-56 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All closures made during the six months ended June 30, 2012 and 2013 were made in order to optimize capital
and resource allocations and enhance our financial position. We have no continuing involvement with or cash flows from the closed branches and regrind facility. Further, the customers associated with closed branches and other operations will not be
served by other branches. A summary of operations we discontinued in these markets for the six months ended June&nbsp;30, 2012 and 2013 is as follows: </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="72%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,163</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">723</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss from discontinued operations, before income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(320</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(773</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax benefit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">276</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss from discontinued operations, after tax</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(199</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(497</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 14 &#150; LOSS PER COMMON SHARE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Basic net loss per share is calculated by dividing net loss attributable to common stockholders by the weighted average shares outstanding during the period,
without consideration for common stock equivalents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Diluted net loss per share is calculated by adjusting weighted average shares outstanding for the
dilutive effect of common share equivalents outstanding for the period, determined using the treasury stock method. There were no common stock equivalents with a dilutive effect during the six months ended June&nbsp;30, 2012 and 2013 and therefore,
basic and diluted net loss per share were the same for all periods presented. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 15 &#150; SUBSEQUENT EVENTS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have evaluated events and transactions occurring subsequent to the balance sheet date of June&nbsp;30, 2013 through December&nbsp;9, 2013, the date on which
the financial statements were issued, for items that should be recognized or disclosed in these Consolidated Financial Statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Effective
November&nbsp;30, 2013, the Employee Puts between Jeffrey Edwards and our other executive officers were terminated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Management Services and Fee
Agreement, dated as of December&nbsp;18, 2012, among the Company, Littlejohn Managers, LLC, Jeffrey Edwards, IBP Holding Company and TCI Holdings, LLC was terminated on November&nbsp;22, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On January 30, 2014 the Board of Directors authorized an increase in the number of shares of Common stock to 100,000,000 at a par value of $0.01 and an
increase in the number of shares of Preferred stock to 5,001,000 at a par value of $0.01, 1,000 of which are designated as Series A Preferred Stock. On the same date, the Board of Directors approved a 19.5-for-1 stock split of the Company&#146;s
common stock, which became effective on February&nbsp;10, 2014. The effect of the split on authorized, issued and outstanding shares and income (loss) per common share has been retroactively applied to all periods presented. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-57 </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"><A NAME="fin1614029_12"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONDENSED CONSOLIDATED BALANCE SHEETS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except for par value and share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px 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:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">As&nbsp;of&nbsp;December&nbsp;31,<BR>2012</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">As&nbsp;of&nbsp;September&nbsp;30,<BR>2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>ASSETS</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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Current assets</P></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="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,708</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Accounts receivable (less allowance for doubtful accounts of $1,412 and $1,633 as of December&nbsp;31, 2012 and September&nbsp;30,
2013, respectively)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60,673</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Accounts receivable, related parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">774</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">329</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Inventories</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,538</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Deferred income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">726</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">138</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Prepaid expenses, related parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">396</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Other current assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,353</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,077</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total current assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,768</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93,733</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Property and equipment, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,931</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Other non-current assets</P></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-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Goodwill</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Intangibles, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,934</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Other non-current assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total non-current assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67,053</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66,430</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">160,752</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">189,687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>LIABILITIES, REDEEMABLE INSTRUMENTS AND STOCKHOLDERS&#146; EQUITY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Current liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Current maturities of long-term debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">254</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Current maturities of capital lease obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,822</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,606</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Accounts payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,330</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,142</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Accounts payable, related parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,171</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Income taxes payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Accrued compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,040</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Other current liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total current liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,797</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66,550</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Long-term debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,259</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Capital lease obligations, less current maturities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,671</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Put option &#150; Series A Preferred Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Deferred income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,858</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Other long-term liabilities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">9,626</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:8.5pt">9,802</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-size:8.5pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,373</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Commitments and contingencies (Note 9)</P></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>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Series A Preferred Stock; $0.01 par value: 1,000 authorized,<BR>issued and outstanding as of December&nbsp;31, 2012, and
September&nbsp;30, 2013, respectively (Note&nbsp;13)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,212</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Redeemable Common Stock; $0.01 par value: 5,850,000 authorized,<BR>issued and outstanding as of December&nbsp;31, 2012, and
September&nbsp;30, 2013, respectively (Note&nbsp;13)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,354</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Stockholders&#146; equity</P></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="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Common Stock; $0.01 par value: 27,200,862 shares authorized and 16,183,901 shares issued and outstanding as of December&nbsp;31, 2012
and September&nbsp;30, 2013, respectively (Note&nbsp;13)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Additional paid in capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Accumulated deficit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,603</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41,686</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total stockholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,482</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41,524</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman">Total liabilities, redeemable instruments and stockholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">160,752</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">189,687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to condensed consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-58 </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"><A NAME="fin1614029_13"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share and per share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px 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="76%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Nine&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">209,855</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">312,599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">157,616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">234,121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gross profit</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,239</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78,478</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operating expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Selling</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,443</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,454</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Administrative</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,274</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,183</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,301</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(960</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operating (loss) profit</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,818</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,540</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other expense (income)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest expense</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(135</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(24</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,341</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,633</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(Loss) income before income taxes</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,159</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,907</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax provision</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">510</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,646</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net (loss) income from continuing operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,669</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,261</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Discontinued operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss from discontinued operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">530</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">960</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax benefit</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(200</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(362</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss from discontinued operations, net of income taxes</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">330</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">598</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net (loss) income</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(6,999</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accretion charges on Series A Redeemable Preferred Stock</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,085</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,597</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net loss attributable to common stockholders</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(11,084</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(934</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Weighted average shares outstanding (basic and diluted)</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,786,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,033,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net loss per share (basic and diluted)</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss per share from continuing operations attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.54</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.01</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss per share from discontinued operations attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.02</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.03</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss per share attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.56</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.04</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:120pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to condensed consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-59 </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"><A NAME="fin1614029_14"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS&#146; EQUITY AND REDEEMABLE INSTRUMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px 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:9pt" ALIGN="center">


<TR>
<TD WIDTH="46%"></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>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></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="font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Common Stock</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Additional<BR>Paid In<BR>Capital</TD>
<TD VALIGN="bottom" ROWSPAN="3">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Accumulated<BR>Deficit</TD>
<TD VALIGN="bottom" ROWSPAN="3">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Stockholders&#146;<BR>Equity</TD>
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="white-space:nowrap">Pre-Recapitalization</FONT><BR>Redeemable<BR>Preferred Stock</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="white-space:nowrap">Post-Recapitalization</FONT><BR>Redeemable<br>Common Stock</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&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="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">Shares</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">Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</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">Shares</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">Amount</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">Shares</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">Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">January 1, 2012</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,649,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">137</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(9,697</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(9,560</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">44,086</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Issuance of common stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,533,908</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,075</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,100</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;&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"></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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Stock-based compensation</P></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,647</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,647</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;&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"></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></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net loss</P></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;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,999</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,999</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&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"></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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Accretion of Redeemable</P></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;</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" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></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;</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-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Preferred to Redemption Value</P></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,085</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,085</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,085</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Adjustments to Redeemable</P></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;</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" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></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;</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-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Common Stock fair value measurement</P></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">663</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;&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"></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(663</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">September 30, 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,183,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(16,696</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(11,234</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">48,171</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">14,838</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="46%"></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>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></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="font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Common Stock</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Additional<BR>Paid In<BR>Capital</TD>
<TD VALIGN="bottom" ROWSPAN="3">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Accumulated<BR>Deficit</TD>
<TD VALIGN="bottom" ROWSPAN="3">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Stockholders&#146;<BR>Equity </TD>
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Redeemable<BR>Preferred Stock</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Redeemable<br>Common Stock</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&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="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">Shares</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">Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</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">Shares</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">Amount</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">Shares</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">Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">BALANCE&nbsp;&#150;&nbsp;January 1, 2013</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,183,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(11,603</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(7,482</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">49,615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net income</P></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;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,663</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;&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"></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></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Accretion of Redeemable Preferred to Redemption Value</P></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,959</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(638</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,597</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,597</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"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Adjustments to&nbsp;Redeemable Common&nbsp;Stock&nbsp;Value</P></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;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(33,108</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(33,108</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&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"></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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,108</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">BALANCE&nbsp;&#150;&nbsp;September&nbsp;30, 2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,183,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(41,686</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(41,524</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">54,212</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50,354</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:120pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to condensed consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-60 </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"><A NAME="fin1614029_15"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands) </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px 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="76%"></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="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">Nine&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Cash flows from operating activities</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;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash provided by operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(2,173</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,617</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash (used in) provided by operating activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,173</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,617</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Cash flows from investing activities</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted cash</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchases of property and equipment</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,381</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,072</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquisitions of businesses, net of cash acquired of $317 in 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">317</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(687</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds from sale of property and equipment</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds from insurance</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash used in investing activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(106</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,551</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Cash flows from financing activities</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(Payments) proceeds from revolving lines of credit, net</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,348</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,484</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Payments on capital lease obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,938</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,595</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Principal payments on long-term debt</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(473</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Payment for deferred offering costs</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,110</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash provided by financing activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,395</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">306</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net change in cash</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,116</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,372</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash at beginning of year</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,528</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash at end of year</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,644</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Supplemental disclosure of noncash investing and financing activities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vehicles capitalized under capital leases and related lease obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,807</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock issued for acquisition of business</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Note payable issued in connection with acquisition of business</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unpaid deferred offering costs</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">899</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:120pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See accompanying notes to condensed
consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-61 </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"><A NAME="fin1614029_16"></A>INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 1&nbsp;&#150;&nbsp;ORGANIZATION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Installed Building Products, Inc. (&#147;IBP&#148;, formerly CCIB Holdco, Inc.), a Delaware corporation formed on October&nbsp;28, 2011, and its wholly owned
subsidiaries (collectively referred to as the &#147;Company&#148; and &#147;we&#148;, &#147;us&#148; and &#147;our&#148;), primarily install insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors for residential and
commercial builders located in the continental United States. IBP operates in over 100 locations within the continental United States and its corporate office is located in Columbus, Ohio. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have one operating segment and a single reportable segment. Substantially all of our sales come from service based installation of various products in the
existing and new residential and commercial construction end markets. Our branches has the capacity to serve all of our markets. For the nine months ended September&nbsp;30, 2012, 85.6% of our net revenue was attributable to new and existing
residential construction, whereas 14.4% was attributable to commercial construction. For the nine months ended September&nbsp;30, 2013, 88.8% of our net revenue was attributable to new and existing residential construction, with the remaining 11.2%
attributable to commercial construction. The Company has no international sales. All of the Company&#146;s identifiable assets are in the United States. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 2&nbsp;&#150;&nbsp;SIGNIFICANT ACCOUNTING POLICIES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Basis of Presentation and Principles of Consolidation</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Company prepares its condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (&#147;U.S. GAAP&#148;). The accompanying condensed consolidated financial statements
include all wholly owned subsidiaries and majority owned subsidiaries. The non-controlling interest relating to majority owned subsidiaries is not significant for presentation. All significant intercompany accounts and transactions have been
eliminated. In our opinion, the accompanying unaudited condensed consolidated financial statements contain all adjustments, of a normal recurring nature, necessary to present fairly its financial position as of September&nbsp;30, 2013 and the
results of operations for nine months ended September&nbsp;30, 2013 and 2012 and cash flows for the nine months ended September&nbsp;30, 2013 and 2012. The condensed consolidated balance sheet as of December&nbsp;31, 2012 was derived from audited
financial statements. The results of operations for the interim periods are not necessarily indicative of the results for the entire fiscal year. The interim condensed consolidated financial statements should be read in conjunction with the audited
consolidated financial statements, including the notes thereto, included elsewhere in this prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Advertising Costs</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Advertising costs are expensed as incurred. Advertising expense was $1,493 and $1,099 for the nine months ended September&nbsp;30, 2012 and 2013, respectively,
and is included in selling expense on the Condensed Consolidated Statements of Operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Recently Issued Accounting Pronouncements Not Yet
Adopted</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of September&nbsp;30, 2013, there are no recently issued accounting standards not yet adopted that would have a material effect on the
Company&#146;s financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-62 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 3&nbsp;&#150;&nbsp;GOODWILL AND INTANGIBLES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s goodwill was tested for impairment as of December 31, 2012. Going forward we have moved our goodwill impairment assessment date to October
1. No impairment was recognized in either period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Intangibles, net</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table provides the gross carrying amount and accumulated amortization for each major class of intangibles: </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="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="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">As&nbsp;of&nbsp;December&nbsp;31,<br>2012</TD>
<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">As&nbsp;of&nbsp;September&nbsp;30,<br>2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">Gross<BR>Carrying<BR>Amount</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">Accumulated<BR>Amortization</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">Net<br>Book<BR>Value</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">Gross<BR>Carrying<BR>Amount</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">Accumulated<BR>Amortization</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">Net<br>Book<BR>Value</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortized intangibles:</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>
<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;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Customer relationships</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">20,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,425</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">21,268</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">13,914</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,354</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Non-competition agreements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">761</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">260</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,053</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">835</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trademarks and trade names</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,545</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,796</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,825</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">33,005</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,982</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">34,144</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">20,212</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">13,934</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amortization expense on intangible assets totalled $2,300 and $2,301 for the nine months ended September 30, 2012 and 2013.
Remaining estimated aggregate annual amortization expense is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">754</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2014</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,636</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2015</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,433</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2016</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2017</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thereafter</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,520</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 4&nbsp;&#150;&nbsp;LONG-TERM DEBT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Debt consists of the following: </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="70%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">As&nbsp;of&nbsp;December&nbsp;31,<BR>2012</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">As&nbsp;of&nbsp;September&nbsp;30,<BR>2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revolving Lines of Credit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23,715</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Various notes payable, maturing through December 2016; payable in various monthly installments, including interest rates ranging from
1.0% to 8.5%</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">660</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">798</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,891</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,513</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: current maturities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(186</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term debt, less current maturities</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">24,259</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are a party to a revolving loan and security agreement with a lender (the &#147;Credit Agreement&#148;). The Credit
Agreement provides for a Revolving Line of Credit (the &#147;LOC&#148;) with a maximum limit of $50,000. The LOC is due May&nbsp;4, 2016 with interest at either 1) the Eurodollar rate (&#147;LIBOR&#148;) or 2) the Alternate Base Rate (which
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-63 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
approximates the Prime Rate), plus a margin based on the type of rate applied. The Company had $16,000 outstanding on the LOC at 1-month LIBOR including margin (2.25%-3.75%) as of December 31,
2012. The Company had $23,000 outstanding on the LOC at 1-month LIBOR including margin (2.25%)&nbsp;as of September&nbsp;30, 2013. The Company had $1,231 and $715 outstanding on the LOC at the Alternate Base Rate including margin (4.25%)&nbsp;as of
December 31, 2012 and September&nbsp;30, 2013, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The LOC permits borrowings based on a stated percentage of eligible accounts receivable and
inventories. The borrowings on the LOC are also subject to a minimum availability reserve. The Company had available borrowings of $15,492 and $19,008 under its LOC as of December&nbsp;31, 2012 and September&nbsp;30, 2013, respectively. In addition,
the Company is required to pay a monthly fee of 0.375%&nbsp;per annum on the average unused commitment under the LOC. Amounts outstanding under the Credit Agreement are collateralized by a first lien security position on all assets, including, but
not limited to, all real estate, property, equipment, receivables, and inventories. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Credit Agreement also contains various restrictive non-financial
covenants that include more frequent borrowing base reporting if the minimum availability falls below a certain threshold, and several limitations on specific changes that would result in incurring additional debts or pledging the Company&#146;s
assets, including restrictions on distributions to be made to our stockholders. The Credit Agreement also contains a provision that upon a change in control or an event of default (as defined within the Credit Agreement), amounts outstanding under
the LOC would bear interest at the rate as determined above plus 2%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Credit Agreement also allows the Company to issue Letters of Credit not to
exceed $10,000 in the aggregate. To support the Company&#146;s insurance programs, there were outstanding Letters of Credit of $7,278 as of December&nbsp;31, 2012 and September&nbsp;30, 2013. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 5&nbsp;&#150;&nbsp;FAIR VALUE MEASUREMENTS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Fair
Values </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fair value is the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most
advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The standard establishes a
fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the
measurement date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or
liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Level 3: Significant unobservable inputs that reflect a reporting entity&#146;s own assumptions about the assumptions that market participants
would use in pricing an asset or liability. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-64 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Assets and Liabilities Measured at Fair Value on a Recurring Basis </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In many cases, a valuation technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy. The lowest level of
significant input determines the placement of the entire fair value measurement in the hierarchy. During the periods presented, there were no transfers between fair value hierarchical levels. </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="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Balance&nbsp;as&nbsp;of<BR>December&nbsp;31,<BR>2012</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">Quoted&nbsp;prices&nbsp;in<BR>active markets<BR>Level 1</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">Significant&nbsp;other<BR>observable&nbsp;inputs<BR>Level 2</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">Significant<BR>unobservable<BR>inputs<br>Level 3</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Put option&nbsp;&#150;&nbsp;Series A Preferred Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Redeemable Common Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</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">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,246</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total items measured at fair value on a recurring basis</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">18,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">18,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="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 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="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="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">Balance&nbsp;as&nbsp;of<BR>September&nbsp;30,<BR>2013</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">Quoted&nbsp;prices&nbsp;in<BR>active markets<BR>Level 1</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">Significant&nbsp;other<BR>observable&nbsp;inputs<BR>Level 2</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">Significant<br>unobservable<BR>inputs<br>Level 3</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Put option&nbsp;&#150;&nbsp;Series A Preferred Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">505</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">505</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Redeemable Common Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,354</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;&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;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,354</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total items measured at fair value on a recurring basis</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50,859</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50,859</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a general description of the valuation methodologies used for liabilities and mezzanine equity (which
includes preferred redeemable and common stock) items measured at fair value: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Put option&nbsp;&#150;&nbsp;Series A Preferred Stock&nbsp;&#150;&nbsp;The
Company identified a certain embedded feature in the Series A Preferred Stock that was required to be bifurcated and accounted for as a derivative. The identified put option allows Series A Preferred stockholders to put their shares upon a change in
control. The estimated fair value of the put option on Series A Preferred Stock is determined using our estimates of the probability of a change in control during each period the option is outstanding in combination with the accreted fair value of
the Series A Preferred Stock during the option period. Those resulting probabilities are then calculated at net present value. An increase in the probability of the change in control would increase the fair value of the embedded derivative. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Redeemable Common Stock&nbsp;&#150;&nbsp;The estimated fair value of the redeemable feature of certain shares of our outstanding common stock is determined
using a combination of discounted cash flows and market multiple approach modeling. The fair value is estimated using this method to mark the Redeemable Common Stock to market at each period end. The weighted average cost of capital
(&#147;WACC&#148;) used was 13% and 16% for the year ended December&nbsp;31, 2012 and the nine months ended September&nbsp;30, 2013, respectively, and an increase in the WACC would decrease the fair value of the Redeemable Common Stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-65 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Changes in the fair value of recurring fair value measurements using significant unobservable inputs (Level
3) for the nine months ended September&nbsp;30, 2013 were as follows (in thousands): </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="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance as of January&nbsp;1, 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to fair value measurement impacting the Statement of Stockholders&#146; Equity and Redeemable Instruments</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(663</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to fair value measurement impacting the Statement of Operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(120</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance as of September&nbsp;30, 2012</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,643</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance as of January&nbsp;1, 2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">18,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to fair value measurement impacting the Statement of Stockholders&#146; Equity and Redeemable Instruments</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">33,108</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to fair value measurement impacting the Statement of Operations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(277</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="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance as of September&nbsp;30, 2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50,859</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The unrealized gain related to the put option liabilities is recorded within other expense (income) on the Condensed
Consolidated Statements of Operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 6&nbsp;&#150;&nbsp;STOCKHOLDERS&#146; EQUITY AND REDEEMABLE INSTRUMENTS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2012, and September&nbsp;30, 2013 we had 33,050,862 shares of common stock authorized, 22,033,901 shares of common stock issued and
outstanding and 1,000 shares of Series A Preferred Stock, authorized, issued and outstanding, all with par value of $0.01. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE
7&nbsp;&#150;&nbsp;INCOME TAXES </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our effective tax rate on income from continuing operations was 38.3% for the nine months ended September&nbsp;30,
2013. The difference between the statutory rate and the effective tax rate is primarily due to the deduction for domestic production activities and the effect of state and local income taxes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The effective tax rate on loss from continuing operations was 8.3%&nbsp;for the nine months ended September&nbsp;30, 2012. The difference between the
statutory rate and the effective rate was primarily due to non-deductible stock compensation and the deduction for the domestic production activity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As
of September&nbsp;30, 2013, we have federal and state income tax net operating loss (NOL) carryforwards of $688. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We assess the available positive and
negative evidence to estimate if sufficient future taxable income will be generated to utilize the existing deferred tax assets on a jurisdiction and by tax filing entity. A significant piece of objective negative evidence evaluated was the
cumulative loss incurred over the three year period ended December&nbsp;31, 2012 for the tax filing entities with a deferred tax asset. Such objective evidence limits the ability to consider other subjective evidence such as our projections for
future growth. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Based on this evaluation, a valuation allowance of $352 has been recorded as of September&nbsp;30, 2013 in order to realize only the
portion of the deferred tax asset that more likely than not will be realized for certain tax filing entities. The amount of the deferred tax asset considered realizable, however, could be adjusted if estimates of
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-66 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">future taxable income during the carryforward period change of if objective negative evidence in the form of
cumulative losses is no longer present and additional weight may be given to subjective evidence such as our projections for growth. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">After the evaluation
of all our tax filing positions, both federal and state, we have recorded a long-term liability of $559 for uncertain tax positions as of September&nbsp;30, 2013. If future tax law changes or interpretations should come to light, or additional
information should become known, this conclusion may change. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company is subject to taxation in the United States and various state jurisdictions. As
of September&nbsp;30, 2013 the Company&#146;s tax years for 2010, 2011 and 2012 are subject to examination by the tax authorities. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE
8&nbsp;&#150;&nbsp;RELATED PARTY TRANSACTIONS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We sell installation services to other companies related through common or affiliated ownership. We also
purchase services and materials and pay rent to companies with common or related ownership. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We lease our headquarters and other facilities from certain
related parties. Refer to Note&nbsp;9, Commitments and Contingencies, for future minimum lease payments to be paid to these related parties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the nine
months ended September&nbsp;30, 2012 and 2013, the amount of sales to common or related parties as well as the purchases from and rent paid to these common or related parties are as follows: </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="65%"></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Nine&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,347</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchases</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">661</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,622</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">518</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 9&nbsp;&#150;&nbsp;COMMITMENTS AND CONTINGENCIES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Leases </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are obligated under capital leases covering
vehicles and certain equipment. Total assets relating to capital leases were $39,364 and $52,697 as of December&nbsp;31, 2012 and September&nbsp;30, 2013, respectively, and a total of $23,033 and $21,771 were fully depreciated as of
December&nbsp;31, 2012 and September&nbsp;30, 2013, respectively. The vehicles and equipment leases generally have terms ranging from four to six years. The net book value of assets under capital leases was $12,694 and $23,707 as of
December&nbsp;31, 2012 and September&nbsp;30, 2013, respectively, net of accumulated depreciation of $26,670 and $28,990, respectively. Amortization of assets held under capital leases is included within depreciation expense on the Condensed
Consolidated Statements of Operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We also have several noncancellable operating leases, primarily for buildings, improvements, equipment and certain
vehicles. These leases generally contain renewal options for periods ranging from one to five years and require the Company to pay all executory costs such as property taxes, maintenance and insurance. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-67 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Total rent expense under these operating leases for the nine months ended September 30, 2012 and 2013 was
$4,538 and $5,320 respectively, which is included in the Condensed Consolidated Statements of Operations as follows: </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="70%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Nine Months Ended</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">September&nbsp;30,<BR>2012</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">September&nbsp;30,<BR>2013</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of Sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">310</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">445</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Selling</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Administrative</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,142</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,851</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,538</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Supply Contract Commitments </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2012 and September&nbsp;30, 2013, we had two product supply contracts with minimum purchase requirements at market rates. The terms of
the contracts extend through December&nbsp;31, 2014 and August&nbsp;31, 2017. The contract commitments are disclosed in the table below. We expect our quantity purchases to exceed the minimum quantity commitments for all years covered by the
contracts. Actual purchases made under the contracts for the nine months ended September&nbsp;30, 2012 and 2013 were $7,445 and $20,393, respectively. Purchase obligations under the contracts as of September&nbsp;30, 2013 were as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="62%"></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="font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Payments due by period</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Total</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">Less&nbsp;than<BR>1 year</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">1-3&nbsp;years</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">3-5&nbsp;years</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">More&nbsp;than<BR>5 years</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchase Obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,033</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other Commitments and Contingencies </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A class action lawsuit was filed on February&nbsp;11, 2013 and an amended complaint was filed on May&nbsp;15, 2013 in the Superior Court of King County,
Washington, against us, alleging violations of Washington State wage and hour laws for failure to pay prevailing and minimum wage and overtime wages. The plaintiffs are former insulation installers for Installed Building Products II, LLC, one of our
subsidiaries, in Washington who seek to represent all similarly situated workers. They seek all unpaid wages, along with litigation costs and fees. We believe we have meritorious defenses to the allegations and intend to vigorously defend against
the case. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A lawsuit was filed on July&nbsp;23, 2013 in federal court in the Middle District of Tennessee against one of our subsidiaries, TCI
Contracting, LLC (&#147;TCI&#148;) d/b/a Installed Building Products of Nashville, alleging unpaid overtime and failure to pay lawful wages under federal law, Tennessee common law and in unjust enrichment and in breach of an alleged contract. The
named plaintiffs are former insulation installers in Nashville. The plaintiffs seek to have this case certified as a collective action under the Federal Fair Labor Standards Act and as a class action under Tennessee law. They seek reimbursement of
the overtime wages for all time worked over forty hours each week, as well as liquidated damages and litigation costs and fees. We believe we have meritorious defenses to the allegations and intend to vigorously defend against the case. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The ultimate liabilities, if any, with respect to the two employment-related cases disclosed above cannot be determined at this time, and we are currently
unable to estimate a range of reasonably possible losses associated with the litigation. As such, we have not accrued a liability relating to these matters as of September&nbsp;30, 2013. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-68 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 10&nbsp;&#150;&nbsp;BUSINESS COMBINATIONS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of our ongoing strategy to increase market share in certain markets, we acquired TCI during the nine months ended September&nbsp;30, 2012, and we
acquired Ace Insulation (&#147;Ace&#148;) during the nine months ended September&nbsp;30, 2013. The revenue and net income of TCI since the date of acquisition included in the Company&#146;s Condensed Consolidated Statement of Operations for the
nine months ended September&nbsp;30, 2012 were $3,024 and $148, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The estimated fair values of the assets acquired and liabilities assumed
for both the TCI and Ace acquisitions approximated the following: </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="75%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">TCI</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">Ace</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">317</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts receivable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,880</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">213</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Inventory</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,984</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other current assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">244</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">285</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">263</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,390</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Goodwill</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">834</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts payable and accrued expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,815</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(609</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred tax liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,387</TD>
<TD NOWRAP VALIGN="bottom">)&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;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-term debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(61</TD>
<TD NOWRAP VALIGN="bottom">)&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;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total purchase price</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,671</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">987</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Value of common stock issued</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Seller notes and obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">571</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash paid</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total purchase price</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,671</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">987</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Estimates of acquired intangible assets related to the acquisitions are as follows: </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="59%"></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="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">TCI</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">Ace</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:86.95pt; font-size:8pt; font-family:Times New Roman">Acquired Intangible Assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Estimated<BR>fair&nbsp;value</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">Weighted<BR>average<BR>estimated<BR>useful&nbsp;life<BR>(yrs)</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">Estimated<BR>fair&nbsp;value</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">Weighted<BR>average<BR>estimated<BR>useful&nbsp;life<BR>(yrs)</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Customer relationships</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">826</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trademarks and trade names</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,820</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Non-competition agreements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&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;&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;&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;&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-69 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Pro Forma Information </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The unaudited pro forma information has been prepared as if the acquisition had taken place on January&nbsp;1, 2012. The unaudited pro forma information is not
necessarily indicative of the results that we would have achieved had the transactions actually taken place on January&nbsp;1, 2012, and the unaudited pro forma information does not purport to be indicative of future financial operating results.
</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="69%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Pro forma for the nine<BR>months&nbsp;ended&nbsp;September&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">241,752</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">313,239</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net (loss) income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,495</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,548</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss attributable to common stockholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,580</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,049</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss per share attributable to common stockholders (basic and diluted)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.57</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.05</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unaudited pro forma net income has been calculated after adjusting the combined results of the Company to reflect additional
intangible asset amortization expense of $(494) and $(17) for the nine months ended September&nbsp;30, 2012 and 2013, respectively. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE
11&nbsp;&#150;&nbsp;DISCONTINUED OPERATIONS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the nine months ended September&nbsp;30, 2013, we made the decision to close our branches in
Oklahoma City, Oklahoma, Williston, North Dakota and our regrind facility in Newark, Ohio. The regrind facility existed to regrind materials to produce loosefill insulation. Substantially all materials subject to regrinding in this operation were
provided by a single supplier. The contract under which the materials were obtained was terminated, which resulted in the facility being closed. During the nine months ended September&nbsp;30, 2012, we made the decision to close our branches in
Erie, Pennsylvania and Knoxville, Tennessee. We have presented the operations of these closed branches and regrind facility as discontinued operations in the Condensed Consolidated Statements of Operations for the nine months ended
September&nbsp;30, 2012 and 2013. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All branch closures made during the nine months ended September&nbsp;30, 2012 and 2013 were made in order to optimize
capital and resource allocations and enhance our financial position. We have no continuing involvement with or cash flows from the closed branches and regrind facility. Further, the customers associated with closed branches and other operations will
not be served by other branches. A summary of operations we discontinued in these markets for the nine months ended September&nbsp;30, 2012 and 2013 is as follows: </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="64%"></TD>
<TD VALIGN="bottom" WIDTH="14%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="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">Nine&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,056</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">765</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="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">Loss from discontinued operations,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">before income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(530</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(960</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax benefit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss from discontinued operations, after tax</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(330</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(598</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="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-70 </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">INSTALLED BUILDING PRODUCTS, INC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(in thousands, except share amounts) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 12&nbsp;&#150;&nbsp;LOSS PER COMMON SHARE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Basic net loss per share is calculated by dividing net loss attributable to common stockholders by the weighted average shares outstanding during the period,
without consideration for common stock equivalents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Diluted net loss per share is calculated by adjusting weighted average shares outstanding for the
dilutive effect of common share equivalents outstanding for the period, determined using the treasury stock method. There were no common stock equivalents with a dilutive effect during the nine months ended September&nbsp;30, 2012 and 2013 and
therefore, basic and diluted net loss per share were the same for all periods presented. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOTE 13&nbsp;&#150;&nbsp;SUBSEQUENT EVENTS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have evaluated events and transactions occurring subsequent to the balance sheet date of September&nbsp;30, 2013 through December&nbsp;9, 2013, the date on
which the financial statements were issued, for items that should be recognized or disclosed in these Condensed Consolidated Financial Statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Effective November&nbsp;30, 2013, the Employee Puts between Jeffrey Edwards and our other executive officers were terminated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Management Services and Fee Agreement, dated as of December&nbsp;18, 2012, among the Company, Littlejohn Managers, LLC, Jeffrey Edwards, IBP Holding
Company and TCI Holdings, LLC was terminated on November&nbsp;22, 2013. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On January 30, 2014 the Board of Directors authorized an increase in the
number of shares of Common stock to 100,000,000 at a par value of $0.01 and an increase in the number of shares of Preferred stock to 5,001,000 at a par value of $0.01, 1,000 of which are designated as Series A Preferred Stock. On the same date, the
Board of Directors approved a 19.5-for-1 stock split of the Company&#146;s common stock, which became effective on February&nbsp;10, 2014. The effect of the split on authorized, issued and outstanding shares and income (loss) per common share has
been retroactively applied to all periods presented. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:0.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-71 </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:0pt;border-bottom:2.00pt 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="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:55pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Dealer Prospectus Delivery Obligation </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Until &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2014 (the 25th day after
the date of this prospectus), all dealers that buy, sell, or trade shares of our common stock, whether or not participating in this offering, may be required to deliver a prospectus. This delivery requirement is in addition to the obligations of
dealers to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions. </B></P> <P STYLE="font-size:145pt;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" ALIGN="center">


<IMG SRC="g614029g79h14.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:145pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</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:16pt; font-family:Times New Roman" ALIGN="center"><B><I>Joint Bookrunning Managers </I></B></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:16pt" ALIGN="center">


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


<TR STYLE="font-family:Times New Roman; font-size:16pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:16pt; font-family:Times New Roman"><B>Deutsche&nbsp;Bank&nbsp;Securities</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:16pt; font-family:Times New Roman" ALIGN="right"><B>UBS Investment Bank</B></P></TD></TR>
</TABLE> <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:14pt; font-family:Times New Roman" ALIGN="center"><B><I>Lead Manager </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>Zelman Partners LLC </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:12pt; font-family:Times New Roman" ALIGN="center"><B></B><B><I>Co-Manager</I></B><B>s </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>BB&amp;T Capital Markets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KeyBanc Capital Markets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SunTrust Robinson
Humphrey </B></P> <P STYLE="font-size:55pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:4.5pt;margin-top:0pt;margin-bottom:2pt;border-bottom:2.00pt 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="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PART II </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS </B></P> <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>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;13.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Other Expenses of Issuance and Distribution. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table sets forth the costs and expenses,
other than the underwriting discount, payable in connection with the sale of common stock being registered. All amounts shown are estimates, except the Securities and Exchange Commission registration fee, the Financial Industry Regulatory Authority
filing fee and the New York Stock Exchange listing fee. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Securities and Exchange Commission registration fee</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">21,330</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Financial Industry Regulatory Authority filing fee</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,340</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">New York Stock Exchange listing fee</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Legal fees and expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accountants&#146; fees and expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,800,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Financial advisory fees and expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">325,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Printing expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">350,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transfer agent and registrar fees and expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Miscellaneous</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">325,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,121,830</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE>   <P STYLE="font-size:18pt;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>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;14.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Indemnification of Directors and Officers. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are incorporated under the laws of the state of Delaware.
Section&nbsp;145 of the Delaware General Corporation Law provides that a Delaware corporation may indemnify any persons who are, or are threatened to be made, parties to any threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative (other than an action by or in the right of such corporation), by reason of the fact that such person was an officer, director, employee or agent of such corporation, or is or was serving at the request of
such person as an officer, director, employee or agent of another corporation or enterprise. The indemnity may include expenses (including attorneys&#146; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by
such person in connection with such action, suit or proceeding, provided that such person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the corporation&#146;s best interests and, with respect to any
criminal action or proceeding, had no reasonable cause to believe that his or her conduct was illegal. A Delaware corporation may indemnify any persons who are, or are threatened to be made, a party to any threatened, pending or completed action or
suit by or in the right of the corporation by reason of the fact that such person was a director, officer, employee or agent of such corporation, or is or was serving at the request of such corporation as a director, officer, employee or agent of
another corporation or enterprise. The indemnity may include expenses (including attorneys&#146; fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit provided such person acted in
good faith and in a manner he or she reasonably believed to be in or not opposed to the corporation&#146;s best interests except that no indemnification is permitted without judicial approval if the officer or director is adjudged to be liable to
the corporation. Where an officer or director is successful on the merits or otherwise in the defense of any action referred to above, the corporation must indemnify him or her against the expenses that such officer or director has actually and
reasonably incurred. Our charter and amended and restated bylaws provide for the indemnification of our directors and officers to the fullest extent permitted under the Delaware General Corporation Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Section&nbsp;102(b)(7) of the Delaware General Corporation Law permits a corporation to provide in its certificate of incorporation that a director of the
corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duties as a director, except for liability 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>
<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">any breach of the director&#146;s duty of loyalty to us or 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">II-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>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<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">any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law; </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>
<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">any act related to unlawful stock repurchases, redemptions or other distributions or payment of dividends; or </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>
<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">any transaction from which the director derived an improper personal benefit. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These limitations of liability
do not affect the availability of equitable remedies such as injunctive relief or rescission. Our charter also authorizes us to indemnify our officers, directors and other agents to the fullest extent permitted under Delaware law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As permitted by Section&nbsp;145 of the Delaware General Corporation Law, our amended and restated bylaws provide that: </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>
<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">we may indemnify our directors, officers and employees to the fullest extent permitted by the Delaware General Corporation Law, subject to limited exceptions; </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>
<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">we may advance expenses to our directors, officers and employees in connection with a legal proceeding to the fullest extent permitted by the Delaware General Corporation Law, subject to limited exceptions; 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>
<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">the rights provided in our amended and restated bylaws are not exclusive. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Section&nbsp;174 of the Delaware
General Corporation Law provides, among other things, that a director who willfully or negligently approves of an unlawful payment of dividends or an unlawful stock purchase or redemption may be held liable for such actions. A director who was
either absent when the unlawful actions were approved, or dissented at the time, may avoid liability by causing his or her dissent to such actions to be entered in the books containing minutes of the meetings of the board of directors at the time
such action occurred or immediately after such absent director receives notice of the unlawful acts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As permitted by the Delaware General Corporation
Law, we have entered and expect to continue to enter into agreements to indemnify our directors, executive officers and other employees as determined by our board of directors. Under the terms of our indemnification agreements, we are required to
indemnify each of our directors and officers, to the fullest extent permitted by the laws of the state of Delaware, if the basis of the indemnitee&#146;s involvement was by reason of the fact that the indemnitee is or was a director, or officer, of
the Company or any of its subsidiaries or was serving at the Company&#146;s request in an official capacity for another entity. We must indemnify our officers and directors against (1)&nbsp;attorneys&#146; fees and (2)&nbsp;all other costs of any
type or nature whatsoever, including any and all expenses and obligations paid or incurred in connection with investigating, defending, being a witness in, participating in (including on appeal), or preparing to defend, be a witness or participate
in any completed, actual, pending or threatened action, suit, claim or proceeding, whether civil, criminal, administrative or investigative, or establishing or enforcing a right to indemnification under the indemnification agreement. The
indemnification agreements also set forth certain procedures that will apply in the event of a claim for indemnification thereunder. These indemnification provisions and the indemnification agreements may be sufficiently broad to permit
indemnification of our officers and directors for liabilities, including reimbursement of expenses incurred, arising under the Securities Act of 1933, as amended, or the Securities Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, we have purchased a policy of directors&#146; and officers&#146; liability insurance that insures our directors and officers against the cost of
defense, settlement or payment of a judgment in some circumstances. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The form of Underwriting Agreement, to be filed as Exhibit&nbsp;1.1 hereto, provides
for indemnification by the underwriters of us and our officers who sign this Registration Statement and directors for specified liabilities, including matters arising under the Securities Act. </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">II-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>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;15.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Recent Sales of Unregistered Securities. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the three-year period preceding the date of filing of
this registration statement, we have issued securities in the transactions described below without registration under the Securities Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. On
November&nbsp;4, 2011 and in connection with our recapitalization, we issued (i)&nbsp;19,600 shares of our common stock to IBP Management Holdings, LLC; (ii)&nbsp;300,000 shares of our common stock to Cetus Capital II, LLC; (iii)&nbsp;680,400 shares
of our common stock to IBP Investment Holdings, LLC; and (iv)&nbsp;1,000 shares of our Series A preferred stock to Cetus Capital II, LLC. Pursuant to the terms of the recapitalization, these securities were issued in exchange for the cancellation of
indebtedness of approximately $126.5 million and contributions from stockholders of approximately $12.0 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2. On August&nbsp;31, 2012, we issued an
aggregate of 129,944 shares of our common stock to TCI Holdings, LLC in connection with our acquisition of TCI Contracting, LLC. The total purchase price for TCI Contracting, LLC was $4.7 million, consisting of the 129,944 shares of our common
stock, valued in the aggregate at $4.1 million, and $0.6 million in cash. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">None of the foregoing transactions involved any underwriters, underwriting
discounts or commissions, or any public offering, and the Registrant believes each transaction was exempt from the registration requirements of the Securities Act in reliance upon Section&nbsp;4(2) of the Securities Act or Regulation D promulgated
under the Securities Act. Furthermore, the Registrant affixed appropriate legends to the share certificates and instruments issued in each foregoing transaction setting forth that the securities had not been registered and the applicable
restrictions on transfer. </P> <P STYLE="font-size:18pt;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>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;16.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Exhibits and Financial Statement Schedules. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(a) Exhibits</B>. See the Exhibit Index attached to this
Registration Statement, which is incorporated by reference herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(b) Financial Statement Schedules. </B>Schedules not listed above have been omitted
because the information required to be set forth therein is not applicable or is shown in the financial statements or the notes thereto.<B> </B></P> <P STYLE="font-size:18pt;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>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;17.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Undertakings. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The undersigned registrant hereby undertakes to provide to the underwriters at the
closing specified in the underwriting agreement, certificates in such denominations and registered in such names as required by the underwriters to permit prompt delivery to each purchaser. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant
pursuant to the foregoing provisions or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The undersigned registrant hereby undertakes that: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) for purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of
this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4)&nbsp;or 497(h) under the Securities Act of 1933 shall be deemed to be part of this registration
statement as of the time it was declared effective; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) for the purpose of determining any liability under the Securities Act, each
post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial<I> bona
fide</I> offering thereof. </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">II-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; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement on Form S-1 to be signed on
its behalf by the undersigned, thereunto duly authorized, in the city of Columbus, in the State of Ohio, on this day of February&nbsp;10, 2014. </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>INSTALLED BUILDING PRODUCTS, INC.</B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Jeffrey W. Edwards</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;Jeffrey W. Edwards</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form
S-1 has been signed by the following persons in the capacities and on the dates indicated. </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">


<TR>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"><B>Signature</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><B>Title</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><B>Date</B></TD></TR>


<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Jeffrey W. Edwards&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Jeffrey W. Edwards</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">President, Chief Executive Officer and<BR>Chairman of the Board of Directors<BR></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Principal Executive Officer)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">February&nbsp;10, 2014</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Michael T. Miller&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Michael T. Miller</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Executive Vice President, Chief Financial<BR>Officer and Director<BR></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Principal Financial Officer and Principal<BR>Accounting Officer)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">February&nbsp;10, 2014</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-bottom:0pt; margin-top:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">*</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Steven G. Raich</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">February&nbsp;10, 2014</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-bottom:0pt; margin-top:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">*</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">J. Michael Nixon</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">February&nbsp;10, 2014</TD></TR>
</TABLE>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="88%"></TD></TR>


<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">*By:&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Jeffrey W. Edwards</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Name: Jeffrey W. Edwards</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Title:
Attorney-in-fact</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">II-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" ALIGN="center"><B>INDEX TO EXHIBITS </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></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<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>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:28.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;1.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Underwriting Agreement.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Certificate of Incorporation of Installed Building Products, Inc., as amended, currently in effect.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Amended and Restated Certificate of Incorporation of Installed Building Products, Inc., to be in effect immediately prior to the effectiveness of this registration statement.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Bylaws of Installed Building Products, Inc., currently in effect.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Amended and Restated Bylaws of Installed Building Products, Inc., to be in effect immediately prior to the effectiveness of this registration statement.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Amendment to Certificate of Incorporation of Installed Building Products, Inc. to effect the stock split.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Common Stock Certificate.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Rights Agreement, dated as of November 4, 2011, by and among OCM IBP Holdings, Inc., CCIB Holdco, Inc. and Cetus Capital II, LLC.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Registration Rights Agreement dated as of November 6, 2013 by and among Installed Building Products, Inc., Cetus Capital II, LLC, IBP Investment Holdings, LLC, IBP Management Holdings, LLC and TCI Holdings,
LLC.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Stockholders Agreement, dated as of November 4, 2011.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Omnibus Agreement to Stockholders&#146; Agreement, dated as of August 31, 2012.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Amendment to Stockholders Agreement, dated as of January 27, 2014.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.7</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Recapitalization and Exchange Agreement by and between CCIB Holdco, Inc. and Cetus Capital II, LLC, dated as of November 4, 2011.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Amendment No. 1 to the Recapitalization and Exchange Agreement, dated as of January 27, 2014.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;5.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Proskauer Rose LLP.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Indemnification Agreement for directors and officers.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Loan and Security Agreement with Bank of America, N.A., dated as of November 4, 2011.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">First Amendment to Loan and Security Agreement with Bank of America, N.A., dated as of April 20, 2012.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Second Amendment to Loan and Security Agreement with Bank of America, N.A., dated as of August 31, 2012.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Third Amendment to Loan and Security Agreement with Bank of America, N.A., dated as of October&nbsp;22, 2012.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Fourth Amendment to Loan and Security Agreement with Bank of America, N.A., dated as of December 21, 2012.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.7</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Fifth Amendment to Loan and Security Agreement with Bank of America, N.A., dated as of July 30, 2013.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10. 8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Second Amended and Restated Management Agreement, dated as of April 30, 2010, among IBP Holding Company, Installed Building Products, LLC, OCM IBP Holdings, Inc., Stonehenge Opportunity Fund LLC, Primus IBP Investment, LLC and
Primus Executive Fund V Limited Partnership.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10. 9</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Amendment to Second Amended and Restated Management Agreement, dated as of November 4, 2011, among IBP Holding Company, Installed Building Products, LLC, OCM IBP Holdings, Inc., Stonehenge Opportunity Fund LLC, Primus IBP
Investment, LLC and Primus Executive Fund V Limited Partnership and Cetus Capital II LLC as successor in interest to JP Morgan Chase Bank, N.A. as Agent.&#094;</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">II-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>


<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></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD WIDTH="90%"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:8pt">
<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>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:28.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.10</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Management Agreement, dated as of October&nbsp;29, 2007, by and among IBP Holding Company, Installed Building Products II, LLC, Stonehenge Opportunity Fund LLC, Mezzanine Opportunities LLC, Primus IBP Investment, LLC, Primus
Executive Fund V Limited Partnership, OCM IBP Holdings II, Inc. and Fifth Third Bank.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.11</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Amendment to Management Agreement, dated as of November 4, 2011, by and among IBP Holding Company, Installed Building Products II, LLC, Stonehenge Opportunity Fund LLC, Mezzanine Opportunities LLC, Primus IBP Investment, LLC, Primus
Executive Fund V Limited Partnership, OCM IBP Holdings II, Inc. and Fifth Third Bank.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.12</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Contribution and Exchange Agreement, dated as of November 4, 2011, by and among CCIB Holdco, Inc., IBHL A Holding Company, Inc., IBHL B Holding Company, Inc. and IBP Holdings, LLC.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.13</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Membership Interest Purchase Agreement, dated as of August 31, 2012, by and among Installed Building Products, LLC, CCIB Holdco, Inc., and GNV Holdings, LLC (now known as TCI Holdings, LLC).&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.14</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Management Services and Fee Agreement, dated as of December 18, 2012, among Littlejohn Managers, LLC, Jeff Edwards, IBP Holding Company, GNV Holdings, LLC (now known as TCI Holdings, LLC) and CCIB Holdco, Inc. #&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.15</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Termination of Management Services and Fee Agreement, dated November 22, 2013. #&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.16</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Employment Agreement, dated as of March 7, 2002, by and between Installed Building Products, Inc. and Jay Elliott. #&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.17</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Amendment to Employment Agreement, dated as of February 12, 2009, by and between Installed Building Products, Inc. and Jay Elliott. #&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.18</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Termination Agreement, dated October 1, 2013, by and between Installed Building Products, LLC and Jay Elliott. #&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.19</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consulting Agreement, dated as of March 2004, by and between Installed Building Products, Inc. and Jeff Edwards. #&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.20</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Employment Agreement, dated as of November 1, 2013, by and between Installed Building Products, Inc. and Jeff Edwards. #&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.21</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Installed Building Products, Inc. 2014 Omnibus Incentive Plan. #&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.22</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Sixth Amendment to Loan and Security Agreement with Bank of America, N.A., dated as of January&nbsp;27, 2014.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>21.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">List of Subsidiaries of Installed Building Products, Inc.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of independent registered public accounting firm (Deloitte &amp; Touche LLP).</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of independent registered public accounting firm (Crowe Horwath LLP).</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Proskauer Rose LLP (included in Exhibit 5.1).&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>24.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Power of Attorney. Reference is made to the signature page to the Registration Statement.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Lawrence A. Hilsheimer, Director Nominee.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Michael H. Thomas, Director Nominee.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Margot L. Carter, Director Nominee.&#094;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Janet E. Jackson, Director Nominee.</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>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">To be filed by amendment. </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>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#094;</TD>
<TD ALIGN="left" VALIGN="top">Previously filed. </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>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">#</TD>
<TD ALIGN="left" VALIGN="top">Indicates management contract or compensatory plan. </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">II-6 </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>2
<FILENAME>d614029dex231.htm
<DESCRIPTION>EX-23.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-23.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 23.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We consent to the use in this Amendment No. 3 to Registration Statement No. 333-193247 of our report dated December 9, 2013 (February 10, 2014 as to the
effect of the common and preferred stock authorization and common stock split discussed in Note 15) relating to the consolidated financial statements of Installed Building Products, Inc. and subsidiaries (formerly known as CCIB Holdco, Inc.) as of
June 30, 2013 and December 31, 2012 and for the six month period ended June 30, 2013 and the year ended December 31, 2012 appearing in the Prospectus, which is part of this Registration Statement, and to the reference to us under the headings
&#147;Experts&#148; in the prospectus. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ Deloitte &amp; Touche LLP </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Columbus, OH </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February 10, 2014 </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>3
<FILENAME>d614029dex232.htm
<DESCRIPTION>EX-23.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-23.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right"><B>EXHIBIT 23.2 </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">We
consent to the use in this Amendment No.&nbsp;3 to Registration Statement No.&nbsp;333-193247 of Installed Building Products, Inc. on Form S-1 of our report dated December&nbsp;9, 2013 (except for the effect of the common and preferred share
authorization and common stock split discussed in Note 15, as to which the date is February 10, 2014) relating to the consolidated financial statements of Installed Building Products, Inc. as of and for the year ended December&nbsp;31, 2011, and to
the reference to us under the heading &#147;Experts&#148; in the prospectus.</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:10pt; font-family:ARIAL">/s/ Crowe Horwath LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Columbus, Ohio </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">February 10, 2014 </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>4
<FILENAME>d614029dex994.htm
<DESCRIPTION>EX-99.4
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.4</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.4 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONSENT OF DIRECTOR NOMINEE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to Rule 438 promulgated under the Securities Act of 1933, as amended, I hereby consent to be named in the Registration Statement on
Form S-1 of Installed Building Products, Inc., and any amendments or supplements thereto, including the prospectus contained therein, as an individual to become a director of Installed Building Products, Inc. upon consummation of the initial public
offering of Installed Building Products, Inc.&#146;s common stock, to all references to me in connection therewith, and to the filing or attachment of this consent as an exhibit to such Registration Statement and any amendment or supplement thereto.
</P> <P STYLE="font-size:18pt;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="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR>
<TD HEIGHT="8"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">/s/ Janet E. Jackson</P></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman">Name:&nbsp;&nbsp;Janet E. Jackson</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman">Date:&nbsp;&nbsp;&nbsp;&nbsp;February 7, 2014</P></TD></TR>
</TABLE></DIV>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g614029g12f18.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g614029g12f18.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0T$4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````#6````CP````&`&<`,0`R
M`&8`,0`X`````0`````````````````````````!``````````````(\```#
M6``````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"F@````!````2P```'``
M``#D``!CP```"DP`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!P`$L#`2(``A$!`Q$!_]T`!``%_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U-^X,.P`NCV@\2LV^SJ%3SDM#WFMCYQ0&!MSHFJOUK/YAVYOZ/W^G
M^E_3+44+F;ZG,[D:?%.B:Z;H(MSK^L/;;CT48[WVV6L9>7!PKK8ZM^3:_P!=
MC'T6N8RKTO;9_/OK_2+1INJOJ9=2]MM5@#F6,(<US2-S7-<WVN:YJQ<S92'Y
M+[3AOK:UK[W>X-K%C;7,=7;-/Z7^:]7T_4_2*TQ_HCTV#TPW2&PUHCCV_N-3
MC#31:)]W326/A=;^TXIL:67Y+:PYU54BLN<'>D^B^[9ZN)E/K?\`9<K9Z=M7
MZ56Z\VS0W-@.B0-=ICW,T^G[OSDW@*>(-U),"")!D'@ITU<I)1?96PM#W!I>
M=K9($F-VUO\`*VM3>K5^^WZ._D?1_?\`ZJ2G_]#U5))))2+)QV9-7I/+FC<U
MX+'.:06.;8WW5ECOI,][/\(S]'9^C69:S*H8QC_2MS"`(!]!EA!_2NH:[[18
MWTZMUOI?IO\`C/\`"+2MR:ZR6S+XD#6/\Z"LGJ-IRQZ>5BXYQJG5N?D9#P&[
M';_6]$>YU5U5@H;^F]*J[U/YQ20L>2R5'S;3@'1KIV(X_P`U5W5,;>,H>G4[
M:&9%SFRXT5^J_P!(6;ZVU>G=9Z_J/W_X7]_V#&1;6^QK&79@+WE]M;JG;'_I
M+G8CV;Z7U>DUE=56]O\`VIH]2S^=L5@$/8W>W1XAS'`$^X:LL'N9^=LL3@#W
MM:?*D6+?D5-;E-K<]^1Z;7T,N:^IK)</M-3W^BS;Z;_6N]+]+?\`X/U/35NS
M.R2]@J8P5G<+"22\'V^CZ3-FQ^YV[U-[_P#MQ5*_M`NM8^NJO%8&-QBQQ+W0
M/TN^IK6U8]5?LJIK:[\S_BU;Q6N-S"W4-)+B>!I"1`W*@3L$7V3+RLFM]]+&
MUT6N(LNVOLD,_0Y.%LWLI_G;JG^KZ=W^>B_L#HNW;]AHV_9_LD>FV/L\^I]E
MX_F-_O\`36@DH^(VR<(?_]'T?I+W68]KGN+W#)R&F271MML;L;O+G;60KIX.
ML>:I=)_H]HESHR+P7/+'$GU;/]"RMO\`8^FQ6;[6UAH?!8\[7`ZZ04:LHZ-"
MV_!JQP_)?Z0:YE0L`^D7N;CT>T;OIV/K8@=3KQWU4T5MM?ZE]0>\-+F-#'C(
M/VEC+*7^A;Z/H?X2GU+&?::K*$:'2=H(`TD:Z?UE)K6QXS\E*:&MEC%GH$(I
MH%SLAK`+G@-=8!!(!W^[^V[Z7TTK@&QD.M=551O>\2&UD%ON=D2/HT[?5K]W
ML1@QH,\^14@>?@FF8Z:I$#U:U/V8U"S%V>C=-S75`;'^J?6-[=GM=Z^_U?4_
MPBD+<?&R&9=S#MJKM%F3+6LIJAM]K[]]C?T;_L]?T*[/^MUHQ:T\C[M$*=-!
MJG`B001PFW4IMJOJ9=2X656-#ZWM,AS7#<U[3^ZYJFH5-VUM;J8'?E346ELO
M1__2]'Z0`,:T#1WVB\N9N#BTFVQVQ^Q]C=VUWT=R?/,V,:!P"?O_`/.4/H18
M[$M<TAV[*R=SQ&I%UC9W-^GQM1LL_I0/Y(_*4ZZE:"+%.<_#;9EU93MQ=0US
M:F$#:US]++V^WU/6=7^A_G/3]+_!JT-&@G2!JG[!0LX"-\1`V6UPB]U4W57T
MLNJ)=78T.82US##AN;N9:UMC/ZCV)6V.K8"RLVDN:TM!`AKB`^WWEGMJ;^D?
M_A/]'^D3LD@DZDGE)^K1\4J''2;/#;%UH:QSG0UK07.=X`:N=_FJ-;VVL:^L
M[ZWM#V;=-S2-[=L_OM3Z@>!_N4+:JKV[+V"UFYKRTSJYCFW5NT_<M8QZD``V
M8R2=W1P<E^3CLLMK]"XM!LI+@_8XB2SU&>RS;]'>Q6%D8WVEFT%_JWZ[GL9L
M#M=W\UNLV^W^6KGZ]')G;NX;S/T/\Q,X!Q?L7\9K]K__T_1^COL?C6&R9&1D
M-$ZP!;8UHW?G>U/DZW'X!'Q<9F,QS&$NWV/M)=$S8YUKOH-9^^J]YFY_QC\$
MCNIA&G/"B]I,1JI=BD.40:-H(L4CW;9``T3ZO;V&JIVV4XUMN5<6%]K`VIM5
M9.0]M0?:^EK6N?9F['66WUU4U?H6;_ZZNM$"/,J25#7JLC9TZ,=CO]2HD$&#
MRBHM6)ZGOL,-/`')0CD[J,.S9I;4VL&J-I[^/Q1$S6AK0UH@#0!.F7K:^M*?
M_]3U59SCN<7>))5V]^RESO*!\]%0#V\#1$1)U`02`R[:I:<IAKJ-4_@$$K%K
M202T$C@D"1V]I3Z``0EHD0>1P4K*J5IYJ]22:F$^`5)C"]X8._/D$'ZS6.Q^
MA7O9<,9K36'7&[[-M8;*VO\`UO9<ZCV>W<RJRS_1HQ%D#N5'0.LDL'ZM=7NS
MF''-E.17B!M+LBF\Y#G/:/<;[/2QF[_H>]C+*[_?^D6\G>V>+AZHXA5O_]7T
MGJ9R!C%V/5Z[VZBK>*]QD-#?4?[6_2W*K&IC4"=?+B5J/K98(>-P&L%5[^G8
MUIK=&UU+_4K()@.VNJW;9]WZ.Q[5)&8`HK)1)-M+\J-\-?Q2=B7M)ANX#@C^
MXH6UP.H(/P,RG2`EU6@F/1(2&\\^"&YSBTF"0-8:)G^2/WGN_-355YSO2%N-
ML<^LOM<UX>QCY;^@W.%5MN_<]WJ^BS^:]ZMT8#&WLR;=;:VN97!=`#RUSY;.
MQ[OT3/<YGZ/\S^<0'#$=RGU2/8+]-+GXS;G,?6;0UX9:-KV@M#MEC-=CVS[V
M(/7JWV=->VMN0]^^H@898+]+&.FEU_Z'V_G^I_@MZT4DSB]7$OK2GG/JWC/H
MO>ST>H4UL8QE8Z@:G0UH<&UXWV0VULK9^<RRQ=&DDC[AXN*D<.E/_]DX0DE-
M!"$``````%4````!`0````\`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O
M`'`````3`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P`"``-@`N`#``
M```!`#A"24T$!@``````!P`(``$``0$`_^X`#D%D;V)E`&1``````?_;`(0`
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("
M`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$!`0$!`@(!`@(#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@#
M6`(\`P$1``(1`0,1`?_=``0`2/_$`.T``0`!!`,!`0$````````````&!0<(
M"@,$"0(!"P$!``(#`0$!``````````````0%`P8'`0(($```!@$"!`,%!`4%
M"`P*!@L``0(#!`4&$0<A$A,(,4$446$B%0DR0B,6<8%2,R218D,T"J%R4W-4
M)7478Y.S1'0UE3:V5S@9T8*2@U4F=I;6&,&BM-2UU?"QX;+2TV1&A]<:$0`"
M`0,"`P0&!`L$!P8%!0$``0(1`P0A!3%!$E%A<0:!D:$B,A.QP5(4\-%"8G*"
MDK(C,Q6BPC0'X=)3<R14-?%#8],6%X.C1%4VXI.S)2;#_]H`#`,!``(1`Q$`
M/P#?X``````````````!\K6AI"W'%)0VVE2UK69)2A""-2E*4>A)2E):F?D0
M]2<FHI5;/&TDVW1(PZS?/K7(K68B'82X]&VZIF%$8=7';>8;^$I$E+1I-Y;Z
MB-9$O7D(]"TT'2MJV?'PL>T[MF,LMJLFU6C[%7A3AIQXG/MRW6_EW[BMW9+&
M3HDG2J[7VUXZ\.!S[:9LYB]LF)->/Y'9NI1,)9F:(;ZM$M6"/V>4]$NZ?:;X
M\32D?.^;6L_'=RU'_B[:T_.7./XN_P`6?>S;D\*^K=R7_#3>O<^4OQ]W@C+\
MC)1$9&1D9$9&1ZD9'Q(R,N!D9#FW#1\3?S]`````````````````````````
M````````````````````````````````````````````````````````````
M`````````````?_0W^```````````````66W?R]NMJU8Y!D)^969$4XFU:KB
M5IES*2X9?8<F\$D1\3:YCX:I,]H\M[;*_D+-NP_@6_AKSE_^GCXT[S7=_P!P
M5FP\2U/^-/XNZ/\`^KAX5[C%P;\:2'#0S$FSY#K$2OK(SDVSL9LAF%75L)K]
M[,L;"4XS#@1&]?B=>6A!:\3&*[>M64G=FHINB[WV)<6^Y&6U8NWY=%FVY2[N
M7>^Q>)=O`]WY<&LJGI$B)E&(S4N-U5[4SHEHPMB(ZJ*\59<0'Y%;:LPGD&VM
M!.*4VHN7G3IRC6L[9,+<7>O8-U0REK)<FWK[RXQ;[:4?&CXFP8F[9NW?+L9U
MF3L<GS278^$DNSV\C*F)*CSHL:;$<)Z++8:DQW4D9$XR^A+C2R)1$HN9"B/0
MR(R\QHURW.U<G:N1I<BVFNQK1FX6YPNPA<@ZPDDT^Y\#L#X/L```````````
M````````````````````````````````````````````````````````````
M````````````````````````_]'?X`````````!%LCS+'L607S::2)"T&MJ$
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M4Y.4Y-R?%O5LXQ]'AK#_`-HZS7=NN1VQX!#FW5?L3D='FN3V,:$N1'H\GW9I
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M_>O9>)<4I2=7%Z>I\/73Q).V;[:LV;6+DP:C%44EKZUQ]5?`R"@SX5G%:FU\
MIB9%>3S-/QW$NMJ]I<R3/E6D^"DGHI)\#(C&FW;-VQ<E:O6W&XN*:HS:[5VW
M>A&Y:FI6WP:.V,9D```````M_EN:S<2=)V1C4N;4*Z9%;1)C9MH6HB)3<A@V
M#5'63AZ)YE$E?#16NI%<;=M=K<8],,Z,,G7W&GZTZZ]]%5=G,JL_<KN!+JGA
MREC_`&D_I5-/2Z,K&+Y?39=%=D53CI+CJ2F5$DH2U*CFLC-!K0E;B%-KT/12
M5*29D9>)&0C9^VY.W7(PR(JCX-:I_AV,D86X8^?"4[#=5Q3T:_#M1*!`)H``
M````````````````````````````````````````````````````````````
M```````````````````'_]+?X`````````!A9N4\;V<9`KF4KEE,LESF9F1,
MQ([7*6IGHDC1P]PZAL<>G:L-4_);];;.=;S+JW/+?YR7J21!A;%8`````07<
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MX438Y'_2M)/12=2)Q/`^)),J7>=ICN5E.%%E0^%]OYK[GR?)^DMMIW.6WW6I
M5>/+XEV=Z[U[5Z#,&%-BV,5B=!?;DQ)+:76'VE<R'$*\#(_$C(^!D>AI,C(R
M(R'-[MJY9N3M78.-R+HT^1O]NY"["-RW)2MR54T=D8S[`````/$7ZL'U:_\`
MY#TQ]N,&[?LIWSS2XQCYYF%XZ=U1;5[;4-JY)A5C>1Y564-RF;E%EZ=3R:U#
MD-<:(MF0X^DGF$.;AY7\O2W.Y',GG1LPA-=*T<Y-:Z1;7NKA76NJIQ*S<<F,
M+<\=VG)2BT^Q)Z<>TH7TJOJ5[>=]<.XN:#%[':_<7`["DI-S=M;"Z3DD#Y/E
MZIL;&\OQ;)TU-)\UH)=I5N-R6'HK4JKDMMH<4ZT^R^YL'F3;K]K%NXV2XS?0
M[EN:5*N%'*+C5TETO2C:DFZ4:H:_A0AAY>/D8\I*U*2A.+=:=7!UHJJM.54T
MN-3W7'+S<P``````````````````````````````````````````````````
M```````````````````````````````/_]/?X`````````!AAN='.-G-\DT\
MI.O1I"?$R44B#&=-1&?CJM1Z^1&1EY#IVPS4]IQ'7@FO5)HYWO4.C<\I4T;3
M]<4R!"X*L``````````UZ/JR?5UW>[4-ZF.VGMMK<.J<KQ?&\4R?=#<7+\>@
M9I8-6>;44#+<>P[%\=NDR,:K:^-B%Q"ES9DN+,ER7YJ6V/2HCJ7*D;;MBW*-
MW)R;TXXRG*,(P?37H;C*4I+WG[R:2322575O2]L6+-BS:<K497I14FY*J2>J
M27#A1MNKJ]*&;/T>/JA[H=Y^V^YM=GU91X]NKLS:8C\_L<4KW(&'9YC.<LY`
MBHNCQJ4_/B8]E%98XK(9L$PEL1)+<B.MAEDT/)%7O&PXD,NU9OIW+-R$G"3?
MOQ<'&L7)4<HM23CU5:HTVZHS3R;V'9^?AS^7224H\8NJ=&HNM'I1TI73AJ>U
M$;?'(VR(I573R-/%3:)D=:N'`S_BGD:Z^Q)%[A13\J83UMW[L?&C^I'D/,N8
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M1M3L15N5:4;K6E5KP=>'!'\VC/\`ZA_>ON1N_9[X9!W*;ML9U87+]M'32YOD
M-3B](P\^XZG&Z+#HUB6-5^'-,NJCG5%&5">CJ6A]MTG'>?JUG8]IL8L<2&!:
M^2E36*;?>Y4JY<ZUK7A0P2RLB=QW'=EU>/U=AN%?2@[:]N=M<?LN](X+F,9%
MWG;:[)9S,VKPFACXMB&W$FOJ"N<VEX[`>4F+'I=S<]>=O*RNB,,PJ.J<8BQ5
MK941-Z7GO<,MRPK<H.UC2NVU.;<G.NBK3G"/NMNKE*K:TU\R<G$LN$;D9]<^
MB;4:+IIKS[7KIP5-3WLK-X<.L'6V7G+"K6XI*"7814]'G5H1$;L1Z62$&H].
M91)(O$]"&DW_`"UN5F+E%0N)?9>OJ:7J52VL^8-ONR49.<&_M+3UIOVEU/$:
M^7@`````````````````````````````````````````````````````````
M``````````````````````!__]3?X`````````!"\KP.ARY*7)[3D>>VWTV;
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M06FG1K4^1Z`````#R'^HS](_!.^_,:7>#&]RW-F]Y:_'JO$\BGSL85EF&;@4
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MDI+7T=2TY7UO4+[CUK.;*6ZWS<#Z49.I%P67`QC^9N%_2U9C9A]J;ZI>B$=$
M_&7BB#T8-G6Y=E>GV173'TREJ_1'TGFU]2OZD>&]B&`X=D%KAO\`K%W+W'E7
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MY4C5RJVTVZE7G8<WF9-S(OPMVW-TJZOIK[M(QK*E*4JDJ%/Y\.K_`+#%MD;Y
M$1<TA;='6FK@9F3,=4RQ?07@7XK!GXZ%P$NFY7N,K=B'=[\O6^F*]4B)7;[7
M"-R]+O\`<CZE63]<3*S;_($9)C$*;TF8[T=3D"1&8-U33"XIDEE"%/NOOJ)4
M13:M5J4HS5XF.?;QAO!S[MKJ;BZ23=*NO'@DN-5HC>=JRUF85NYTI27NM*M%
M3AQ;?"G%GUB^:5V3/3X"6G(%O6//-3:R2I"G4DR\;"WF'$Z$^REWX5'HE2%'
MH9$1I,_,_:[^#&S><E/&N).,EPU5:/L=-5VKTT]PMQLYDKMI1<,B#:<7QT=*
MKM5=.Y^BLR%86```````````````````````````````````````````````
M``````````````````````````````'_U=_@``````````````'6DPX<Q/)+
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M?[QFW_\`#8G1#[5UT]4%63]+B8?D8EG^?E=<OLVU7US=(KT*0_,[,'4L>I*Z
MI/RFRD%=6O\`?)EV#:HT=>GFPPR?O#[A*[KF94[GYJ]R'JCJ_P!:3'WV-K_"
M8T+?>_?EZY:+]6*(_-L)]D\<BQFRISY^+TN0[(<TUUT);JE&2?<7`A,M6;-B
M/19M1A#L227L(ER[=O2Z[MR4I=K;?TG3&4^#R=^JY]."Z[^<%VYN-LLIQO%=
MZ-GW\BB4L;-)-A`Q/.<-RI=;,L<?EW-=`MG:"^I+6J*36O+C'$D%,D-27&2Z
M3J/O#S)[;E7;WR97,:[%*2C3JC*-:22;74FG22K5432>I;861:=G[O=FHRC)
MN+=:-/BG3AJJI\-76FACA]*#Z1^Y'9UNM<]Q'<'E&&O9S#Q.^P[;C`<!N9.2
M,U2LNBG4Y+E>7Y`JM@U'41CKDB%`@0ES#6N:N0^ZP;#;3V3<=Q>Y_)L6;$X8
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M4?=E[8U]);',LRP_;G#\GW"W#RFCP?`\+J7;W+,OR69Z&DH:IM]B(F3+>2AY
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MKN9M.+DVLNQ;OVG[LEZGS3[T5@1B0```````````````````````````````
M````````````````````````````````````````````?__6W^``````````
M``````````47(**#DE3*J+!)FS(3JAU)%U8SZ.+,EDU$9$XTK]1EJ1\#,A*P
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M]QPKCZ?O$8W/LR]R7JE1GQ/`RX+J^0Y0^U'WH^N-44M^JM(S9/2:V?'9,N8G
M7X<AILT^/,2W&TI,M#\=1(AD8]R73"_"4NQ23?TF&5B_!=4[,U'M::.@,QB*
MK%HKN=IZ*GM)>OAZ:OEO^WS::47W3_D$>YEXMK^;DVX^,DOI9FAC9-W^7CSE
MX1;^A$WJ,5OX%?DS%K6N0F9V.27F6Y3T9B0N35R(MNRMJ&MY,QTR:@NE\*#X
M&HCX:BJR=PP[M[`GCWU*<+Z3:3:I-.#JZ46LEQ?86>/@Y5JSFQOV7&,K+:JT
MG6+4UI6KTB^"+9B]*8EC'^<<0FL?:?QVR:L6B/0U?+;@FX,[E^]R,SX\8]/`
MC=,Q73_@;E:G^1>@XO\`2A64?7%R]1.C_&V^Y'\JS-27Z,Z1EZI*/K/+3ZLW
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M6,NQ[.,+F4>16$:MN8K+KD9^<I+*'7XA+7`F,O+_``U/*;T;>01DXO5?*6BB
MTY=/;<S:MTM9>%9E/&DTFHZT3^*+79S3X+2O`S0S\3<]NN8V9=C#(BM&]*M?
M"T^WDUQ>M.)#]I,I=IK]JG?=/Y9=N)8Z:C^!FR41(B/HU^RI]1$RK3[7,DSU
MY2%GYCV^.3ARR81_CVE7QCS7HXKT]I7[#G2Q\I8\I?P;KIX2Y/T\/5V&68YV
M;V``````````````````````````````````````````````````````````
M`````````````````?_7W^`````````````````````!C=OC1H9EU60,H))S
M$KKYJB+3F>CI)V&M7D:UL<Z3/]EM(W?RIE.5O(PY/X?>CX/1^VC]+-/\RXRC
M.QEQ7Q>Z_%:KV57H180;>:N=F-,F0EFY#E28CAD1&N,^ZPLR+P(U-*0HR(8[
MEJW=73=MQDN])_2?<+ERV^JW-Q?<VOH*FQD^21G.JQ?W+3AGJI2;*9\1Z$7Q
MD;QDO@DO'7P&">!@W(],\.TX_HK\1FCFYD'U1RKB?Z3_`!G?_/&5%Q1</,J\
MW8[,2.\H^7EYE/L1VWEJT\S49C#_`$K;^>,FNQMM>IMHR_U/.Y9#3[4DGZTJ
MFJ=_:,^Y#?UC.MD.WQK+,NJ=D;[:5>Y=S$BW-FS6[C9M89_F&-S8F1J9DDU;
M0,+J<4K_`$E<_JB*].<D\G\0TL77EO;\&%_/R8XUM9$+BA&D4NF/1&55IQDY
M.LN+22KH6T+]Z>'C==Z4NM-MMMU?4U37DDEIWUYDE_LU>_\`O;D6Z>[/;]?W
MV19;LIC&V=3G&-5]Y.GVL#`,M<W$PS`TX[BKTQUYK'JO-,2S&V?DP&>1AYVH
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M305\<[:K4I?*G#JYN$:^MQ3)TL/<KL8_-A/IY=<J>I2:.K^2\C_R*/\`\K4_
M_P!_&3^J8/\`M9?L3_U3X_IN9_LX_MP_UCNLX/E$5UB0XBNK%(-F2P_-O*6,
M9'S(<8>;2J<IU23X*2HDF1D7#41+V_;1%3MW,BM4TUTR\&N"\"3:V7=&X3A8
MIP:?5'T/B971LNH%1V%2;JI;DFRT<AMN8TM"'S0DW4(5J7.A+FI$?F0YM/H4
MYJW*L*NGAR-_AU.$7-4G15\>9PNYYB3/V[ED^)%^$Q,?\2U_H8SG#WCXJCZ/
MJ-G.*2U$ANYC(4?#^)1(AI(^'BY+99;+Q\==`J@2=E]F0V3L=YI]I7@XRXAU
ML_T+0:DGXCT'*```````````````````````````````````````````````
M``````````````````````#_T-_@`````````````````````6_W/J3ML,M4
MH3S/0$MVC/GH<)1JD'IXF?HE.D7O,7&PY'W?<\=M^[/W'^MP_M4*K>K'S]NO
MI+WH>\O1Q]E3#,=..>```!V8D.5/D-1(4=Z5)>5RM,1VU.NK/Q/E0@C/0BXF
M?@1<3&.Y=MV82N79J-M<6W1'U;MSNSC;MP<IO@EJRV/<)VI]M'<CA,;`.YW;
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M:Q%Q:C64WTTJ:TP:5R(3/XA-R9^7MYMV7?\`G3EI5VXW6YI=B<H=,I?FU2KH
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M-M6K-JTN$8I>I4*",)E```#M1)TV`YU84N3$=_PD9]QA1^XS;4DS+W'P`%U<
M/SZ^E6D&IG(19MRWDLD]R):EL)T4I3QJ:)+;K;+9&I1*3S&E/VO;])O@>%\A
M]`I-A?4E2HD6=O6P'#22B:ES8[#RDJ/0E)9<<2ZM)GYD1^`D6<3*R%6QC3FN
MU1;7KX&"[E8UATO9$(/L;2?J.Y"G0K%A$J!+C38R_L/Q7FWVE&7B1+:4I/,1
M^)>)&,=VU=LS=N];E&:Y--/VF2W=MWHJ=JXI0?-.J]AVAC/L``````#KRY4>
M#%D3);J&(L5EQ^0\O7D:::2:UK5H1F?*DO`B,S\A]V[<[MR%JW&MR3HEVMGQ
M.<+4)W+DJ0BJM]B1;-O>/"UO])3UBTCFY?4N0%=#373FT;<<D<OG^[U]PO9>
M6=T4.I1@WV*6OMHO:4R\P[<Y=+E-+MZ=/9K["YL:3'F1V9<5YN1&DM(>8?:4
M2VW6G$DI"T*+@:5),44X3M3E;N1:G%T:?%-%U"<;D(W(23@U5-<T<X^#Z```
M`````````````````````````````````````````````#__T=_@````````
M`````````````<3[*)##T=PM6WVG&5EPXH=0:%%QX?94/J$G"<9Q^)-/U'S*
M*G&47P:H8$Q:FRG35U\*%)F2VUK;6S'9<<4@VU]-:EZ)_#;0KQ4K0B\]!UVY
MDV+5I7KMV,;;7%NG_:^Y'+H6+UVX[5NVY7%R2*V=%3U_"]R%I$@OMU]#'3=R
MFS+@:'Y9R8=4TXE1<20^Z9:<2(1?O>3>_P`)AMP^U<?0GX*CF_3%$G[KCVO\
M5EKJ^S!=;]+JHKT29]*5@K!\[3>56.A$:67U554A:BU^%QYGYJLD'PXI21CQ
M+=IJDGCP[UUS]CZ#UO;(ZQ5^?<^F/M74=:3DKWIG8%/"BT,!]/)(;@=5<V8W
MH1=.=9R''9C[2CU,VTJ;9,S^P,D,&/7&]DW97KRX=5.F+_-BJ13[]9=Y\3S)
M=$K6/;C:M/CTUJ_TI/5KNT7<1H3B&`!9ON+VC7O_`-OF]^QK%XSC,W=G;#*\
M)JLAE)=7`J+RS@*=H)EJB.S(DJI"NXT=$_I(6]Z)3IMD:R20PW7.$K%^W#JE
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M&+%W+"S)RMX]ZLURHTZ=JJE4I`KB<1O)^YWMF[7&H.2]QN]>WFT?YAZD/#XN
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M>6U#)*743Y$%[AS&RO\`#=(CU)#[*B4R^C7[JTJ(3<G$QLN'R\FS&<>_BO!\
M5Z"+8R;^+/YF/=<9=W/Q7!^DO"SN5N>]";?9QQ#\<B(_F+>/VSB'2\-5.MR/
M2:&9E]E*>(UJ6Q[#&ZX2SFI_9=R&GH:KZS8([QO4K:G'#3A]KHGKZ:T)?@^X
M]Y=6:*>^HGFG7M2;GP84QMIA1(4X13V'>MTFW"+0G"41$>FI:&:BK=UV3$Q;
M#R<3+3BOR923;Y>ZU2OA[>1/VW>,G)O+'RL5IO\`*BG1<_>3K3Q_[2\XU@V(
MQPRG>BP*3*@8[#8B-L//,?,I9%)?=Z2U(ZK$8R*.P2C3J7/U=2\2(^`W;`\L
M67"W>S;KDVD^E:)5Y-\7Z*&H9WF*[UW+6);44FUU/5NG-+@O34H=MN!E%+D+
M-I$LGI-7;0X5Q&K9:U/PO336B5)AH0KXF/236WF24@R473\3XD)>/L^!E8<L
M>Y84<BW*4'):2K%Z2[ZQH]>TC7]US<?+C?MWF[%R,9J+U5&M5W4=5IV%PLHR
M^ORK;"]L*YPV9"$UC,^$I9'(ANNVT!"VUZ:<[+R#5R+(B):=?`R4DJ;`VV]M
M^_8EF^JP?4XRY22A+7Q7-<GW4;M<W/M9VRY-VRZ372I+FFY1]CY/GXU1BX-^
M-*,R=KW.7!,=2\XDG%HL4MDMQ/,M";6<2$H(SU5R-\I:%X%P',M^C7=LUQCH
MNFO[$?K.A;(__P"LQ.IZ^]^](C>\=Y=TD7'UU$^1`0[,E+DN1G%M+<<CHC+B
MM.*3H2V#YW#4VK5*]"U(R(3O+6+BY5S,639C-J*I76B=:OQX4?%$/S#DY.-#
M$>/=<$Y.M-.%*+PXU7!D_P`.R-K*J"';)(D/J(X\YE/@S.8))/I+B>B'-2<0
M7CR++7B*?<\*6WYEW'>L.,7VQ?#\3[TRUV_,CG8MN^M)<)+LDN/XUW,E`@$T
M`````````````````````````````````````````````__2W^``````````
M`````````````&(^YS^2UF0655+M)ZZF:XJPA,]=:6'H<E2S0RX2>4WRB+YF
MB)SFT)/OU/HVPPP;^'8R+>/!9$5TR=-5)<UV5T>E.)H6]3S+.5>L7+\G8D^I
M*NC3Y=].&O86K&P%(```````````!V(L63.DLPX;#LF5(<2TPPR@W'77%>"4
M)21F9_\`ZB'Q<N0M0E<NS4;<55M\$?4(3NSC;MQ;FW1)<R8)FQL-5R5;L:=D
MY$I$JS)#4NOITK2MI^#7(=2Y&GRW$*-+SZDJ:))FALCU4LZQV9[HG]X@X[>^
M$-5*?9*5-8QYJ.CYRIHBQ5V.VO\`@24L[G+C&':H\F^V7#DN;/E&;OKT*?18
M[/(S,UK*`Y6/*U\^>GDUZ"5_XA_R\1!N^5MLN:P=R#[G5>U-^TEV_,6X0TFH
M3\51^QI>PYE9E"CMF[4X^U`LS(B;F29R[-F+YF]#A2(R$(DD?V5NJ>)'B1$K
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M1/LT9M\MYS;UBU/!QXSFTE*E6XR_15*)\5*K7)ZHT-_K[XMO'4?44W`R/<Z)
M:%BN7X?MO(V;LUZN8R]@U/@N/U=M2XLMA)5T-./YZBV;L8;/*;5DZ\\HE%)0
MZ[TWRD\..TQL8E$X7)]2X.KDW%NNOO0Z7%OC&G911\N5V=R%RZZRE"/A6BZE
MIII*J:7,]A_[.E6;Q8;VK[SY%E4.1&VPS'=JAF;(Q\AK7'6U6E5CEI7[N97C
M$:T)<5ZHM)!8Y!3,9:-A<ZKE-DM;K+A-5V_6L?+W6W;C.586:7>F35:R3MQD
MXT>BZW2M:27)ZQ<B_+'Q8248NXY^[U).BI[S2=5QZ56G)\UI[US9]E<2B>G2
MI=C+<-+:%/N.2'3U/1#+23-1I3J>B4)(B+P(A@M6;&-;Z;5N,+:UT22\7];9
M27+M[(GU79RG<?;J_!?B1EMAFW=)C]="<F5\6;=FVA^5+E-(D*8DK22E,Q"<
M)2&41S/E)22)2M#,SXZ%SK<]ZRLR]=C:O2CBUHDG2J[73C7C1Z(WS;MIQL2S
M;E<M1EDTJVU6C[%V4X5XLEUOD-)0DP=Q918'J363!/K,E.],B-9I0DE*Y4:E
MJ>FA&9%KJ9"MQL/*R^O[M8E/IXTY$_(R\;%Z?O%Z,*\*\R@?ZR<'Y^3\PQ.;
M7EUZ4ODU_P`9Z?IZ>_703/Z'NM*_<I4\5]%:D3^L;96GWN-?!_30_8&XF*6E
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M7BN/K7T&38T0W,`````````````````````````````````````````````_
M_]/?X```````````````````````6GW=QKYSCIV;"-9U#U)1:>+D!9)*<WY:
M])*$NEKX$VHBXJ&P^7,[[KF_(F_X5ZB\)?D^OAZ5V%%O^']XQ/G17\2UK^K^
M5ZN/H?:8ECHIH@```````````$QI7EM8QE"X6D>Q975J?EMD1R5TDIR1!GPT
M.'JJ.RY,>C&LT:&M)FE1\O`5F5%2S\!7?>LM3HN76J2C*G-]*E2O#BM2PQI.
M.%FNWI=735\^AUC)5Y*KC6G'@]"'"S*\``````"5X6OGNTUJE<J+V#842CYN
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MM=EDJ?$.`]6+@P7+%3C[[;S*HC#C33ZUN)0UTE-&\D]-#(R,^/`?>Y;%>VZW
M9N?.5Q3FHT2HZM-KMK6C,&W[S:SIW;?RG!QCU:NJHJ)]E.*,8\LOW\EOK"U=
M6X;3KZT0FW%*,H\%M1IC,I2?!&C?Q*(B(C6I1^)F-[V[#C@XEG'BEU)>\^V3
MXO\`#E0TO.RI9F5=OR;Z6]%V1Y+\.=2."<1#Z0M;:TN-K4VXA1*0M"C0M"DG
MJE25),E)41^!D/&E).,E5,)M--.C1J=_6][!NZ'.>Z.R[GMJMM\^WKVXW*P_
M;RKGL;<X]>9Q<[8Y!M_A&/;?SJ2_QRABV5Q4T=Z6/M6\6QZ!5[\FS>:-PI"%
MI.?LVXX>%:N8.7=A9N*Y.47)J,9J<G/23HFXUZ7'BE%.E&C8[5<FS:N65U-0
MC&26K3BDM5QHZ5KPU[:GHS]!GLDWS[9]HNXS-=^L>O\`;.]WL8V_E8?M/DT:
M549;64VUDG*),_*<VQ>8EN;CD^X+,GH]=#FMQ[%EB))==92U(84NKWO<K.7N
M.UW<1J>-:E*$IKX9.ZDDHO\`*2<55JJ;:2=4Z>WH1^Z9>--_\0X]:CS2@U6J
MY-INBXT3;TH>U(S&M@````'*P^]%>:DQG7&)##B767F5J;=:<09*0XVM)DI"
MTJ+4C(?,X1N1E"<4X-4:?!H]C*4)1G"34TZIKBB]F.[UV<3I1\BAHLV"Y4JG
M121'GI27`UN,_#%DJ]Q='WF8U;-\K6+G5/"N_+G]EZQ]?%>TV3$\QWK?3#+M
M]<>U:2]7!^POW0911Y-'.13SFY'(1=>.HC:EQC/@1/QEZ.((S(R)6AH5IP,Q
MJ&9@96!/HR;3C7@^*?@^'HX]J-IQ<W&S8=>/=3IQ7!KQ7'ZB0"&2@```````
M``````````````````````````````````/_U-_@````````````````````
M``!\K0AU"VW$I6VXE2%H61*2M"R-*DJ2>I*2I)Z&7F0]3<6I)T:/&DTTU5,P
MLSO$)6*74IE,=[Y0^Z;M9+-"U,J8=-2T15/Z<AR8VAH4DSYC))*TT40ZAM.Y
M6]PQ;<G-?>4J27.JYT['Q7+ER.=;G@3P<B<5%_(;K%\J/E7M7#V\R$"U*T``
M````"@Y1EF'X+70KC/<UPG`*BSENP*RUS[,L8PBLM)\=HGY$&LGY5:U$2PF1
MV3);C3*UK0@]3(BXC!/(M0F[57*XE5J,92:7:U%-I=[)-G#R;\>NW:;AVMI+
MUMI/T%?+13<=]M;3\>7&8FPY49YJ3$FPI3:7HLV%+CK<C3(4IE9+:=:4IMQ!
MDI)F1ZC[MW;=Z/7:FG'ZUQ3[&N:>J,-VU<LS=N[!QFN3_#VDJPW\>U?JC^S?
M55E3E_PA^.I^NX?>_P`Z1F.`A;G[N/#(YV;D9^A.DO[#D2]O]Z_*QRNPE#TM
M5C_:42*>`L2"``````!V(<IV%+BS&#T>B2&)3)^QV.ZEUL_U+00QW+<;MNY:
ME\,HM/P:H?5N<K=R%R/Q1::\5J5S+HK47([3TY:19;Z;.'[/1VK3=E%))^!I
M2S*2G]0B[;<E<PL?K_F172_TH/I?M1)SX1AF7^CX)/J7A)=2]C-0S^T<56['
M^NKMVO+)JW=V,_U/S*K"I+3<A6-0=SRS?)Y>Y$*0X328S67S:`L>>=U4I;M8
MB'RF?26E&P^7G:5W<X-K[W\R+[W;Z(J%/S5+K7Z75VEI9H\+%</@2DG^EU.M
M>^G3Z*$]_LV&-[TV&:]TMC55V02MB7]O\5JK0FH<MZEF[W,YG22\-*`KD-AZ
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MU/P>@`#Z0M;:B6VM2%EKHI"C2HM2,CT41D9:D8\:35&JH)M.J>I)<.>0C):Q
MIY1DQ8NNU$D_(V+EAVK=->O`TI3+UX^&FOD(.YQ;P;\HKWX)37C!J:^@F;?)
M+,L1E\,VX/PFG%_21UYE<=YYATN5UAUQEQ/L6VLT++R\%)$V,E.,9Q^%JJ])
M$E%QE*,N*=#B'T>```````2/$K:92Y%4SH/64Z4UAAR.SJ:YD>0ZAI^)R%P<
M-]"M$D>NB]#+B1"#N./:RL+(M7:=/2VF^32JGW4^BI+P+]S&R[%VU7JZDJ+F
MFZ->GZ3.@C(R(R,C(RU(RXD9'X&1^P<G.FGZ````````````````````````
M`````````````````/_5W^`````````````````````````=>5%C38[L69'9
ME1GTFAYB0VAUEQ)_=6VLE)40^[=RY:G&Y:FXW%P:=&CYG"%R,H7(*4'Q3U19
M3(MDZZ6IV3CLU5:ZK528$LER()J_8:?(SE1D'X_$3WN(B\-IPO--^VHPS;77
M'[2TEZ5P?]DUO+\MV9]4\2YT2^R]8^OBO:8^75'9X_.<KK:*N+);XES?$V\V
M9_"\PZG5#S2_(R/W'H9&0W'%RK&9:C>Q[BE!^M=S7)FJ9&->Q+KLWX.,U[>]
M/FBDB28````T8_K@7.ZUC]1#=NOW*7<MT=%58/!V>KYJY'R.)M.]B-1,H9.*
MMK>>B%!N+1^;+GK8/X[IV;U22^3K:+SRZK7]-4H4^=*Y/YCY]?4TT_!42_-Z
M::4-DN42M*/\I0CT^%%]+JWWU/=+^S]WN[USV7YK$SV1;S-M,=WDET^QLBZ=
MD.JC0%X_%L-R:;'CEIYT8A79%+@O,(94J(BTF6)()+WJ-:K=(V8[Q/Y"77*R
MG<I]JK4&_P`YQ3KSZ5'E0A[A1XMAR^/K:C^C37T)TIWM]Y[J09;M?.ASV?WT
M*5'EM<=/Q8SR'F^/E\:"$2];C>M7;,OAG%I^#5"JM7)6KEN['XHR37BG4J^6
M1&H616S3!:1791S8?#3^"L4(GPM-.']5DH$;;KDKN%CRG_,4>F7Z4?=E[4R1
MG6XV\N_&'P.55^C+WE[&B/":1```````-63ZQ?U6NZO;[NEO^VO87/;#9O#M
MEJ;!*NXOL6AU4?,\^R>UQ''\RDS;3(WXTVQ@XY3HO6Z^'7Q7&&GVXZWI1.*>
M2TQ(V39</(Q[N;E0<W=NW&HMOIBE)QT2:3E*G4VZTK1<-=F<W;MV(1BNM6X5
ME15>B=*]BK1+NJSTK^CMW>W/U"NVW>+%N[;&</W5M-CK_"ZC)G<GP/&;+%MY
M,?SNNR%>&,Y;BD^G>PN9E=!,Q2R;L)C,-MQ^`ZPXXWZI3LB15[W@/"SL7&PY
M22O1DX2ZGU6>EKK<95Z^EIQZ8MT4M/AT7O5"U;GF5Z5!I2BDJ7&_A37PJFO4
MZ5IPUU/1/=_%\M:[:][]M^W"JJMO,ML-C]W\?V>Q?;FNJ\#I:C-+W!L@CX[`
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M.)T_(3MQ:LN4W!=D'.3@J<J0Z50JMQ<7F7W%KE7ODDE)^F527"40@```^VG%
MLN-O-J-+C2T.-J+Q2M"B4E1>\E$/F45*,HR58M4/4W%J2>J9)<S;;3DEC(93
MRL69Q[IC37E-JZBL6A<G\U)RS3[M-!"VR3>#8A)^_;K!^,&X?43-Q269>G'X
M9TFO":4OK(N)Y"```````EU"7R>OFY0X1%(:4NKH"5]ZV?:(Y,U):ZF51!<Y
MR,RT)]QH5N9_Q-ZU@+X'[US]!/2/Z\E3]%2)^+_P]JYFOXU[L/TFM9?J1=?T
MG$NYMSNA6Q:R-0Y(^J*Y"23$&R6E;D=V,1GTF)*D$M;#D<O@2HRY#01:F1E\
M6N;UL%^=^>7@PZHRUE'@T^;7:GQ:XU[>5]M&]V8688N9+I<=(RXIKDGV4X=E
M/;?"!<5-JDU5EG`L"(B4KT<N/)-)'I]M+3BU(,M>)&1&0U6]C9&.Z7[$X?I)
MKZ39;618OZV;T)^#3^@J0P&8``````````````````````````"V.>;MX3M[
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M-?J_%_9+F&YXKZ?FN5IOAUIQ]OP^TN`E25I2M"DK0M)*2I)DI*DJ+5*DJ+4C
M29'P,5K33::U)Z::33T/H>'I_];?X````````````````````````````4RS
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M=XUY'VVO+?M'[HLOV_7/L*[$G;S:?=3-<78KY12[[Y`U%FV>2(H42(7/:L0%
MN5[A((Y:%)T,>N4;5SYU,G'=RBZJ7;49<E5T46^4>KWN42;&&YXUEQBHRM1U
MI6$W'MHM6EVTTYLR9J*FGQZFJ,;QNDI,8QG'H#53CV,XS3UN/8WC]4PI:V:R
MBH*:-"J:BO:6XI1,QV6V^92E::F9GGMVH6E)03JW5MMN4GVRDZMOO;;*R]?N
MY$^N[.LJ4[$EV)+1+N1WQE,1+,@_BZK%;8OM.U;M/(/Q_B:*0IAKC_HN1%X>
M6@KL/^'D;AC\E<4UX7%5_P!M2)V7_$L8-_FX.#\8.B_LN)$Q8D$``````#SN
M[P/I`=MWU`\O1NQEF6Y;L[NO15..4N2YGAK=58U^<8E4)*IK/S/C=M$<Z^2T
M%>W&KX4^+(86J(3++[3Z663;KLC?,GR['JM1C/$N2D^F5?=F]?=:>BFZMIUH
MZM<:&R;4EN$78GI=MI4:YQX:KMCHEVJB?"IF3V8]G>R/93L]=;*[)5ML_12J
M_(\JS'+LOD0K#,MP,M9J%E$R'(9,*'`KXB*I,5EBM@PV&8\&.CP<?=DR']-G
MON?N^^X.7D3Z7\R,5&.D8Q<E5+C6M75OCX42O\K#L6=LS+:C5?+DZOM2;3]'
M(N1X#H9SPIB:+'494]GC>,8JWGLF'\ODY\WB^/MYY)K^ET/02,U16IRA^$;/
MP=)4LV^7AIH(OW+&24?E>XG7IJ^BO;T5Z:]]"6\_,<>AY$J4I7G3LZN-/25,
M2B(``````!*[[2338E9<.=5;+IWS+S>IISIMF?\`.*NGQR_01?KKL/\`AY6X
MV.7S%->$XJO]J,B=E>_CX%[GT.#\82_U91,5^ZS>N;VW=LN^^_E70Q\GN=JM
MO)^14%%-0ZY6S<BFV-7C./.W+3#T=]^AJ[N^8F3VFW&W'84=U"5H4HE%,G&5
MVYBXT+G0[UU0<N:5')T[VHM+L;3/-OM0NWY.Y&L(1<J=M*))]U75]RH:8NW/
MUH?J"X5N[!W/R3?.^W.I7+=$K)MI<Q:JU;6Y!1NOM*L,>K\3KZV+5X0V_%;Z
M<:92-09D%1\[2R,UDO8;GEW;)67"S9=N]32Y%OK3[7)MN?>I53X-%Q\YR73<
MC&5K[-%2G<EP[FJ-<C>RC38EI#@6U>S+CP+BNKKF!&L&S:L(L*W@Q[*)%L&C
M))M3XT>4EMY.A<KJ5%H6@US&N2NV+5R=.MK6G"JT=.ZO#N*'*M*QD7K,76,9
M.GARKW]IRC.8#LPH<BPF18,1LW9,Q]J,PV7BMUY9-H+W%S*XGY$,=VY"S;N7
M;CI;BFV^Y'W;MSNW(6K:K.327BRN9-,CKE1ZFN63E50LJKX;J?LS'^HIRPL_
M>=A,-2D^QHD)^Z(F!:FK<\B\J9%Y]378OR8_JQT??5\R3FW(.<+%IUL6ETI]
MK_*E^L_91<B-">0SZ0M;:B6VI2%IXI4A1I41^&I*(R,AXTFFFJH)M.J=&7+P
MS<NXQV8VW92I=K3.&EN1&D/+D/1D:\'X+CRC4VIO74V]2;66I<#T45%N>QXV
M;:E*Q;C;REP:5$^Z5.WMXKPT+G;MYR,2Y%7IRGCOBFZM=\:]G9P?M,LJZR@V
MT-BPKI+<N'(3SM/M'JE1$9DI)D9$I"T*(R4E1$I)EH9:CGEZQ=Q[L[-^#C<C
MQ3-[LWK5^W&[9FI6WP:.Z,1D````````````````````(!DNY.,8WSLN2OF,
M]/#T%<:'W$*]DA_F*/&T/Q)2NIIQ))BXP=CS\ZDHV^BS]J6GJ7%_1WE5F;QA
M8=8N?7=^S'7UO@OI[C'W)MT\ER#J1X[OR:N7JGTL!Q1/N(/RDSM$/.:D>ADC
MIH,O%)C<<'R_@X=)SC\V]VRX+PCP]=7WFJ9N]YF76$)?+L]D>/IEQ]5%W'D#
M]8/:_=S=_L`W6Q;9JKN\BR"LRC;_`#?*\4QMN9+O<JVXQ2QL).2U\"J@M/2K
MSY/:2JVZ?BI2:O35+CQ$I3)).]Q[MG'W+`OY#2L+KC5\(SDDHMOE5*44^V27
M,^-L?4LJW'^:TFNUI/5+V.G8J\C4<^F9M-O1NEWO]N[&S$*]C76$;L8-G.59
M=71Y95FWV%8ODD"SRW)LIG-].-"I6*.)(96Q(<0FR6X4%"7')"6E[%OE['M;
M7F1OT?S+<HQCSE*2I%1[ZTU7#XM$JEC835V,ZTC%U;Y)+BW^&O`_H-OJ;6\\
MME!MM+=<4T@]-4-J69H0>G#5*3(N`UN":C%2=94U-:DTY2<52-37U_M#NY>\
M&&]NVQ.%85-NJ7:G=3/MPZ[>*?3N/1XU[/Q.GP.VVUPO(9L="%E4SU6-[8H@
M..FQ8/UB75-FJ"A29FT6K-W=;TKR3N6K,96T^3E*:G)+M24%7BE*GY1<X*Z<
M.4HKWI7&I/N2BXKP;;??3N/+OZ!&Y6\-'WO0-KL-G6\O:C<3`=R['>;&NK)<
MQEBOPS`,BN\-S.?')B7%K;FHSYJKKX<XD-NK.T5!ZJ&YB]9WF*U9^[8^2TEE
M1O6XP?-J<TIQ[TX=4FN'N]5*Q)%.JSDPEK;^7)^#2;B_&M%Z:<S>QV>RFQC7
MK&-NOK>K+%N4;##JC4F'*CQW99+CFH_PD/(94E2"X*49'IKX\_\`,NWV9XD\
MZ,$K\&JM?E)M+7MI54?8/+^;=AE1PY2;LS3HNQI-Z=E:/3M,I!H)NQ__U]_@
M````````````````````````````````!Y-_6UQ;=W(_IP]Q7^HZ%<3LV9QR
MF8O(F-,R'\EG;6.YACDG=&'4MQ$G)=;/$(<A<]"-5+J$S&R)74-*MH\HY-FU
MO.):RII8TIUUX=:C)0;_`%GI^=TOD5VXV>JS*]"/\:,6D^=&UU>Q>JO:?SU>
MT2GWFO>Y[8FO[>D7![S*W/Q&3@+](W*7)K[F#;QIGS6:<1;:F:"JB,.2+-QU
M:(S=<V^I]26269=IW*6+'`RWF4^[?+?57FFN"[V]%SK2FIKEGK^;;^7\=?P]
M':?TD;5455I9*A$DH:I\Q40D$9(**<APXY)(^))Z6FGN&G8ZN+'L*[_-Z(U\
M:*OM*"^X.]>=O^7U.GA73V'0&8Q$LA_QN'W,7Q<IK2ON&O/2-/0JIG\/+\<H
M?'W"NN_PMRQKG*[;E!^,??C[.LG6_P")M^1#G;G&:\)>[+V]!$Q8D$``````
M":8,OGL;.OU_XTQ^VCH3Y+>ALIMV4Z^"3-VM(B/WZ>8U[S-9^;M<YTUA.,O[
MO]XN_+UWY>XQC]N$E_>^HJU=-3"?6IU@I461&DPIL8UFWUX<QE3$AM#J2-3+
MO(O5"RUY5D1Z'X#G=F]/'O6K]MTN0DFO%&]7;4+UJY:N*L))I^#*38XHA4=Z
M?CTIZTBL$MR5!>82S<0&"X]9R.TXZW-BME]IYD_A\5H00Z%MGF+'S9*S?BK6
M0^&ONR?<^3[$_!-LT?<-BOXD7=L2=RPN.GO)=ZYKO7J2(6-C*(````````)7
M&_B\,LF>'4I[V!8I+S]/:Q7H$M1<>!)D0XQ'_?$*Z?\`#W.Q+E=M2CZ8-27L
ME(G0_B;=>CSMW8R]$DXOVJ);[(,>QW,,=R+#LQHJ[*</S"@N,5RW&;=MQVKR
M'&L@@/U=U3SDLN,R$L3X$E:.=IQMYI1DMM:'$I44R[;^;%+J<9IIJ2XQDG5-
M=Z?H?!Z$?'OSQ[L;L*57)\&GHT^YK_1J>/.W7T'^QG;_`'=B[FRY6[NX6-T]
MNS?8_L]G.08S*PAFPC34S8D'*K&JQ:MR#,\7AK224U[CD-4A"$HEORFU.H=E
M7-PW>]9=B61:@FJ.<(M3:[JR<8OOUIR2TI9?U''BNJ&-)W.QRK%/T)-KNT[V
MSVCE27YLF1,E.*>DRGW9$AU7VG'GEJ<=<5Y:K6HS$>W"%J$+=N-(12278EHB
MIG.5R<[DW6<FVWVM\3@'V?)+<=_@:W(;]']9@18U9!41I(V9EZ<B.J4DS^(E
ML5\:1R&DM26HCU+05N;_`!;^%AOX)R<I=ZMT=/3)QKW51.Q/X5G+RE\<(J,>
MYSJJ^B*E3OHR)"R((```:J/U*_K,]T.VG=)N+L3VR7>/;689L7ET[`;R\F8%
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M^).E4NU-4JNW2JX\*TMMLWW[U=6/E1C&X_A:K1OLUK1]FNO#C2MZAJYL8```
M``````````?#CC;+:W7G$---I-;CCBTH;0A):J4M:C)*4I+Q,ST(>QC*348I
MN3Y(\;44Y2:446IR'>#&J@UL5I.7LM)'QB+2W`2KV+G+)7/^EI#B?>1C8<+R
MWG9-)WZ6;??K+]G\;11Y?F##QVXV:W;G=\/[7XDRQ>1[E93D?49<F?+H"]2]
M#6FN.VM!\.5][F.3((R\24KD/]DAMF%L>!A4E&WUW5^5+7U+@O57O-8R]XS<
MNL7<Z+3_`"8Z>M\7ZZ=Q`!<%6`!]MN.,N(=:6MIUM25MN-J4AQM:3(TK0M)D
MI*DF6I&7$C'CBI)QDDXOBCU-Q:E%TDCG7.EK3*0;[A(GRE3IZ4'TRGSEJ-:I
ML_IDGULQ2U&9NN\[AF9GKQ,8+6)BV9==K'A&5*526B[%V+N1FNY63>CT7<B<
MH]C;:.J)!@(EGVW^!;KX7>[<;I85C.XN`9,W'1>X?F%4Q;TD]<-TI$"83+O*
M_`M:R275B38KC$R*Y\3+J%:F,4[2G*W<C.4+T'[LHNDE7C1]CYIU3YHD8^5=
MQG)VVNF7%-53\5W<FM5R9'.V_M!V4V*AWU!VR;&8=M?&R9V(O++''&+23:7+
M<-QQZ!$O\RRNUOLDE54!UU;L>`N:<5MU2EML\YF8B9N98Q7#)W+-G<N)/IZF
MFU7CTPBDDWP<J5Y-T)UMY^Y)X^/92MUUZ51=W5)M^A5\%4SVPC:<L;LHEW96
M:9DZ*ATVHD5DT16GGF5L&M4AU75D$AMQ6GX;>BM#\N.H;KYA^_6+F+8L=-J3
M56WJTG7@M%JNUZ&P;;L7W.];R;U[JNQ3HDM$VJ<7J^/8B\PU@V(__]#?X```
M``````````````````````````````1C,XS\K%KQ$5QQJ4U!<FQ7&5J;>1)K
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M,GK5^J5]F^JK*G+S_B'XRI%=\/WO\Z16.`P;G[N/#(7&S<C/T)TE_8<C)M_O
M7Y6'PNPE#TM5C_:42*"Q((``````%4I+1=+:P;1MI+YPGTNJ84HT)?:,C0\P
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M1-(@````!*\6_&;R6`?%,S&+)SDTU(W*IR-<MJXF1<R"KU:?I]HKL_W98-[G
M&_%>B:</[Q.PO>69:Y2LR_LTG_=(H+$@@`<K##TEYJ/&:<??>6EIEEE"G'77
M%F24-MMH(UK6HST(B+4Q\SG&W&4YR2@E5MZ)+O9[&,IRC"$6Y-T27%EKL;WL
MV0S/.;7:_#-[]E\PW-I/5_-=NL4W7P#(\YB'7-.O6B?RK3Y#,NY#E.VPLYR&
M67%P.72231F1'A^\P487)V[D;,J4E*W.,'7A[THJ.O+77E4F2V[+A%R=M.G%
M*46UZ$V_'33G0OO0:R*7+Z\M>8ZJ';-\3(C756D5+FNGCI#G/&7EP$;,]S*V
MV]R^9*'[<'3^U%'N+[^-N%K\Q2_9DOJDR*"Q((```>,7?!]%/9GO$WCL=]\>
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M[NQ^CBC?-GW2&9:C9O32RXZ?I+M7?VKT\"Z@U\O`````````_#,B(S,R(B+4
MS/@1$7B9G[`!:G*MVJ&CZD6KY;RQ3JDRCN$5>PLM2/K3$\Q.J2?W6B5KX&I)
MC8=O\NY>7TW+_P#"L=Z]Y^$>7BZ>#*+.W[%QJPL?Q;W=\*\7S\%ZT8ZY)FF0
MY2X9VDU7IB5S-5\;5B`UQU29,$HS=6GR6X:UE[=!NN#M>'M\?^'M>_SD]9/T
M\O!41J69N.7G/^/<]S[*TBO1S\75D4%@00`````````"3X;0'DN1UM2HE>G=
M=-V:I!F1HA1TF](T47V%.(3R)/R4HA`W/,^XX5_(7QI4C^D]%^/P1-V[%^^9
MEFP_@;J_!:O\7BS-F!`A5D5J%7Q68<1A/*TPP@FVT^T]"^TM1\34>IJ/B9F8
MY9=O7;]R5V]<<KCXMG1[5JW9A&W:@HVUP2.X,9D``__1W^``````````````
M```````````````````'X9$HC2HB4E1&2DF1&1D9:&1D?`R,@3:=5Q''1\#`
M.UB^AM+*"1:%#GS(I%QX>GD.,Z<2(^')YD1CL&/<^=CV+OVH1?K29RR_;^5?
MO6OLS:]3H8J=[&5[I8)V<]S^:;)JM&=U,7V:R>VQ.=1I-5W2H;<@LY7DU*:3
M)UBWQ3!7[2SC/M?CQ7HB7FOQ&TA<C:N7L*UD4^[3OQ4Z\&G6B?=*?3%K@TZ/
M1DS;$OO$I?\`>1A)Q\>WQ2JUV4KR/Y[FU>X>Z^"[L8?N'M1DF55>[];EM?:8
ME?8])FOY1)RN7/04=#1MF])MY-U,D=%Z.X3R)R7E-.H<0XI*MWR+.-=QKMG(
MA%XSC1I\*?53MY<464)3C.,H-]=3^F9!F6T";66-I!B5F01%5D^XK*]WJP*S
M(&41I-M70'R,S=A0+5+K3*_O-H(QH%B/WG;X6[DFU.U2KXM-43?>UJ^\J<B4
M<?<+D[*HH7:JG!-.M%W)Z(J>50VX.16[#']65+7+A\-/X&>E,Z"?LXQ)*/TC
MW;[LKV%C3G\?31_I1]V7M3/C.MJUEWXQ^#JJOT9>]'V-$?$TB@`/$`=V3664
M-MMZ97S8K+NG2=DQ'V&W=2YBZ:W6TI7JD]>!GP&*%^Q=E*-N]"4EQ2:;7C0R
M3LWK:4KEJ48O@VFOI.D,IC+E(QW'Z;T;D^1:VLQV)`L4-P5,U<`D3(S4Q@D3
ME>LER"0ETM5(;9/F(R(RTU&D;AYGR+=V_C6,6,>F3BW+5Z.CTT7H=3;L+R]8
MG;LW[V1*74E)*.BUUXZOZ#]M)ZK2?(GK9:85(-!J;:-Q2=4-H;-:UNK6XZ\[
MR<SBU'JM9FH^)C39/JDY46KY&U)42784\>'I4XTF`N!*J;:+*E0),B+,0J'*
M;BRHDJ*B0TEYE3T66TLG&9*DK2:2U(BX\!.V_<+^VWW?L*+DXT:=:-<>3780
M\W"LY]E6;S:BG5-<:Z]J?:=!>-XS(XQ+VQ@*U/\`#M*I$AK3RUE5TI;O#S_A
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M_P`]G<1"QCY&MLTFFQ^;]+IF9D@C^W\.HW;*^[_=LC[WT_=>A]?5PZ::U[J%
MC;Z^N'RZ]==/$_I^12=@P\NN9?H2??:/'D?+^;Y<];V;K;ML=9S?$=?&B1W^
MGKX(=:U\1S2/7=6TXTZ_,25R5>*4515[W)KU,ASZ+4MTR+=/EMNW&G!N3JZ=
MRBGZT08714````````!5J2LEVE@TQ$<]/TM9,B<9J0U6Q6-%OSWW4F1M-1T\
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M:\$JI=[=7RJ7?VQ[P\&[N-JJG<K97<*@S?;BVE2:J5/QV':TUE`OZYJ(_98O
MF5%>HCWN/W]<U-9=<BO,MM/LO-OL*?CN-/+]P=DP\#*N*>/<CF0UI<:=$ZTE
M!Q]UIT=):M4:='5$?=,[<)VX6[ER'W>7.%5U4Y2KJFN:T7BBL"]*```````#
M[:;6\XVRTDUNNK0VV@M-5K6HDH26NA:J4>@^9248N4G2*56>QBY248JLFZ&M
MCW?_`%][O9WN!S':;MZV6VSS[!]L<JM\*R?.MSYN;OV.<7F.3GJG(9N"QL*R
MW%J[&L<;MHCS5?(FIN'9T="9*FV.KZ=N;A;/DYN-;RK^9.R[D5*,(1@Z)ZKK
M<XR;DUQ4>E)Z5=*N]6)B6*VI6E<FM')N2UY]*BUIV5K7CW'M_P!I?<Y@_>)V
M_P""]P6`U=ACM;EGS2JO\/MIK5I981FN.2DPLEQ9^WCQ(#%U&C+=9E0IJ8\<
MY5?+8<<98=4XRW!Z;UF]?Q,FCOVVM5HI1:K&2572NJ:JZ-/5JC*[-QH6)0E:
M;=F:JJ\4UQ3[:=O--&9>#8#.S-]YSK'`JXADB1.-HW36\9$HHT9!J;2X]R'J
MHS5HA)D9ZF9$=5NV\6MLA%=/7D2X1K33M?=V=I(VS:KNXRD^KIL1XRI77L7?
MV]ADMB6`TF'F^]`]3)FR6R:>FS%MJ=)DE)6;+*6FVFV65+22C+0U&9%J9Z%I
MHVX[OE;ET1O=,;4751CPKVNK=7^%#<<#:\;;^J5JLKC5&WQIV*E*(FXJBR``
M`#__TM_@``````````````````````````````````%N[K:[$[RP>LY+$N/*
MDN&[*]'*-IN2ZH]5NN-N(>)*U_>-')J?$^)ZBZQ=_P!QQ+,;$)Q=N*HNI5:7
M973VU*C(V3`R;LKTXR4VZNCHF_;[*'>@[=8;7$T<:F;)UI1+1)7(F+E$LOO$
M^<CG29^Q.A:<-!AO;UN5_J5S);@U1JD:4\*4]9EM;3M]GI=O'I).J=76OC4P
M&<^G'VJ;/[DRM^=GNV?9S'\_]6Y;)R6FPJ$BZQ:R4ZY(7=8=4.&_C6)SFUNK
M,IE+`KYK*5&1+-)&HMDVS??OT(8.YY=UK@DYOHEW2YOPG*47["LW3%S,>,K^
M$HN'.D5UQ[URIWQ2:]I(S,S,S,S,S/4S/B9F?B9G[1MIIA*\CTE0,6M"TUDT
M::^0?GZFCDO5R>;W_+T1S]NABOPO<O;AC_9N]2\+B4OWNHG9GOVL&_\`:M=+
M\8-Q_=Z2*"Q((`'GW]4W??=7MO[%]X=SMEY%E39X<W"L*CYQ4?#9[;T^;Y%'
MIKG,ZV01&NMMNBI%3!FHY7H,VU9D,*1(;:6GRU8M9>=A8F0_^'DY-Q^WTQ;4
M'W/XFN:BT]&T6>V)*5^]3^)"*IW5=.KQ7!/DW7C0U!^PGO#[F]I^[K9^ZPW<
M;<++96X>ZF$X?G6#6V3760UN[5-F65UE-;XSD%7:SI,:VL;=%BLH<MPCEPIR
MFY+#C;R$K+8=UV_"N;?D-VH6Y6K<I0FDDX.*;337!*FJX-5333+2U.4IJ$JR
MA-T:>M4^7XGQ3U1_0%F--QY<IAI?4:9DOM-N:I/J-MNJ0A>J?A/F21'J7`:W
M;DYV[<Y*DG%-^E&MW(J-R<8NL4VEZRX3#Q6.+U,LSUD5+[]%*,_M&P?-85:S
MT\NDZ\T7AP9(<[\S8OR-Q=V*]R[%2]/!_17TF\^7\CYV`K;?OVW3T<5^+T%/
M&NEZ`````?J5*2HE),TJ29*2I)F2DJ(]2,C+B1D8`J=DT>2U4QU\B=OJ>.<Y
MJ9H7J;*K8(BFQY:R(CDOP6?QFW%F:^DA:3,R).FS^7-TN6,F&%=N-X]QT5?R
M9<J>+TIVM,U[?MNA>QYY=J"5^&KISCSKX<:]BH6P'0S1SOU4OT%I6SB/E.%/
MARR46I&7IY#;VNJ>):<GEQ&'(M_.Q[]K[4)+UIHRV+GRKUF[]F2?J=3O9/%]
M#DE]$(M$Q[BQ;;+_`&),MWI'IJK0E-Z'IKP&+`N?-P<.YS=J+]-%7VF3-A\K
M,RK?)7)+T5="A"61CD:==8=;?8<6R\RM+K3K2E(<:<0HE(<;6DR4A:%%J1EQ
M(Q\RC&<90G%.+5&GP:/8RE&2E%M23JFN1`Z':S:7$\PM-Q,1V>V<Q#<:\.P5
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MI?\`L[;]V":X=4HR:^)EA=QW*V\=7H68<XQ3DJ_GSXR:[DXKDCT`K["KN:NH
MO:*UK+_'\AJ*O(<=R"CG1[.DR#'[R"Q:4E[2V<1;D6QJ;>ME-2([[:C0XTXE
M1>(DVKL;L.N*:U:::HTTZ--<FG5-=I27K-S'N2M7%[R]37)I\TUJCMC(8@``
M`EF:?!>%%(C),"HQZ`@C(R,BBT-<A6NIF?[SFT\]/'B*[:]<3YG.=RY+UW)?
M43MQTR>CE&W;CZH1-,#ZY7:#W%([P,G[B*C",WW%V@W:Q[;I./99B]#;Y+6X
M7;XI@>/8/:;=Y%\KCR_RW81Y^-.38"'T,M3X,Q#C*G742B;V38LW%LX\\&]=
MC;R87)NDFEUQE-S4XU^)4E1TX-4=-"VC_&LV;MK6'1%.GY+C%)I]G"J[5J>I
MGT'^UW?'MVV!WGRS>O&,@V_1OMF.VMQM]@.6PY=-DL/'L`H\[C66;6&.3TM3
MZ*'G#^<Q68926F)$N/3E(Y%1EQ77(6XY5C.W&U/%FIVK-J<926L7*<H/I3X/
MH4'6E4G*G&J(NX/Y6-&S/2[*:E3FDDUJN75U:=M/`]QQA*4```,5NZKO7[:^
MRV@QZ[[@<[E4D[,%3#P_"<5I'LMS[)HM<ZABRMH-"Q)@0ZZB@R%DTJ=8S(,9
MY\E-,+==;<0GXMK(R;T[&'C_`#+D4NIM],8UX)R==7QHDW35T359V/@RO6_G
M7+BA:;HM*MTXT78NUM=U=21]LW=9L'W@X!+W'[?LW5EE-33H51EU):5$S',R
MP2ZLF)<JMJLNQ^9U415VD6`^Y$E0Y$VNEDPZEF0M;+R&TOG6;SQLNP[=^E5J
MG&25$W&2XI-I--)JJJJ-'SDX4L>*NQFIV6Z56E'V-<J\N*?;Q,BF75L.M/M'
MRN,N(=;5^RMM1+0?ZE$/914XRA+X6J>LB1DXRC*/%.IJ_P#=[]`?<O<KN%S7
M<KMPW9VFJ=M=T,KM\UL,9W6L,TI,BVVN,FM)%MD%+!=QG"<OAY;BD.=+=762
M$N,6)1C3'D1U.->JDS\+>KN)C6\7*PKERY;BHQE#HI-)43:E*+C*GQ<8UU3I
MHK[[SB7_`.+\]0D]7%J6CYT:3JNSGVHV:/IY=A6$=G?;+@NRB9LK+_DRKB^O
MLAL8;E(]EN;93+1,R3*%U#+ZG*NOZ4:+7U<5;KCK59`84^MQ]:U%SS>_,65=
MS;\\>XH79-=3C22BHJD8)O1TJW)TUDVEHM;O&VVQDQA=R;;=I*D4ZINO&;7%
M5T45R2J]7IZ*P8$*LBM0J^*Q#B,D9-1X[:6FD:F:E&24D1&I:C,S,^)F>I\1
MJ=V]=OW)7;UQRN/BVZLNK5JW9A&W:@HVUP2X';&,R`````'_T]_@````````
M```````````````````````````````%G,ZV_H4Q[')8=&N;-:1ZF56QYSD"
M,^VC54F4AMAE:SD)07,I*#02R)1E\9ZGLNT[QF.=C!N9:A:;HI.*DUV*K?#L
M;K33D:_N>U8JA>S+>-U7$JN*ETI]KT7'M2I77F8Z6]XFRBP:^-60JJOKG9CT
M:/%<FON&[.*,4ER1(FRI+CBUE$1]GD26G`ANN-B.Q<NWIWY7+TU%-OI6D:T2
M44J<7VOO-1R,E7H6K4+,86H-M)5>LJ5JY-UX+L*")A%``^K7;IO</'+_``[)
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M24\^W7=+NZ7U.4>FS&O3'LKQ;?-NAN^V[=;VZRX1?5=E\3[:<*+L12A5%B``
M````!WZN:==81)I)):6'DJ=:/[+T=6K<EA9>:'V%J0KVDH>QDXR4HNDDSQI2
M3BU5,AN0UJ:>\M*U!\S42:^W'7J9]2*:C7%<U/QZD9:5?K'7\+(^]8F-D<YP
M3?CS]M3E^98^[95^QRC)I>'+V%'$HCDKS/\`$NRFEH:;.JH[-)EIQ5,IX3C^
MNA$DE%*YR,BUT,O;J*[;/=Q?E<[=RY'U3E3V4)VXZY/S.4X0EZX1K[:D4%B0
M0```E6<<<NOUEKROV#LI&I:&;<HDR6C\3(]6W2XD9D?EP%=M7_3L-<U!+TK1
M^U$[<O\`'Y3Y.;?H>J^DC#:^FLE&VR\DR6AQB2RU)C2&7$*;>C2HSZ'&),60
MTM2'&UI4AQ"C2HC(S(3;EN%VW.W-5A)4?X<GV/D1+5R=FY"[;E2<75'D9+^A
MS].R7NHO<Y6#;JQZQVV^<N[,P]T&(^S!O=1MY5:U`+#U;H1J!YY*S5%;RQ)I
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M,8IM/5=73UT>JZM:/0J-QN0G>A"$D^B"BVN#=6WKSI6E>XR=&4@```!<.IR!
M_(;NJ@V-'CUD_82X,!^9)@/HE.-+-J*;[ST.9$-3C+!<W-H1_#[.`I<C#AA8
MN1=L9=Z$(1E)14E1/5T2E%Z-Z4+:QERR\FQ:O8UJ<YRC%R<76FBJVFM4N9#I
M$KTUA.<J7GX<9<F2F,3#[J%%$-]2F&S<2LEN)2V2?$SUTU%G"WUV;2R(J5Q1
M5:I<::NA7SGT7;KL2<8=3I1OA734IZUK<6IQQ:G%K,U+6M1J6I1^*E*49FHS
M]IC,DHI**HD86VVVW5GR/0```&K=]>OLQ[B-P=Y,$[F=L\&S'=;;5>U>/[<Y
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M<EZ$B<"J+(````````/_U-_@````````````````````````````````````
M```#Q`&+.>85CN,6:YTN1;IKK5YYV!7U=?&-MA9<JWXR[&3+2VRA"UF;:286
M9(,BX\IF-_VC=,W/L*U;A;^=;24I3D]>Q]*57W^\M?$TC=-MQ,*\[MR=SY,V
MW&,8K3M74WIW>Z]/`@GSN@B<*W%8SJBX%(O["9:.F6G%70A'4P24KWM+T\A;
M?=<RY_/W"279;C&*]<NN7M16?><6W_)P8M]LY.3]2Z(^QC\Z7C7"`JOJ$\-"
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M&%EV\W'AD6^?%=CYK\.*HRF"$2P``````/C,VR?;Q^W_`*2=5>BE&?%2Y5*\
MJ$EPSUU/FKSCEJ?'4C'0O*N0[F#=L/C;GIX2U^FOK-'\R6%#,MWDM+D-?&.G
MT4(.-H->+C3Z15Y38I/C656U,52.UYU\^8F!(D+K+6Q90N/(EDW`7S,+;22#
M>0HM"T(]>%)9REB96XV9V+CM_-4NJ,>I+JA%ZI5EQJZT:+>[C/)Q\&["]!7/
MEN/3)]+?3*2T;]WA14JF0BQJK&I?*/90I$)Y2>="9#2D$ZV9Z$ZPLRZ;[*C+
M@M!J2?D8M;.18R(==B[&4>Y\'V/L?<]2MNV+UB71>MN,N_GWKM7>M#H#,8@`
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M^#A&CSI+5_[-/\E?GO\`*?Y/!:UI"A:E<`!S)DR$-+80^\AASBXREU:6G#]J
MVR42%?K(?#A!R4W!.2YTU/I3FHN*D^E\JZ'"/L^0````"68?^',MIJ3(I-=C
M=Y+AZGH123AJBDX7`]5L,R5N)+]I!?I%=N6MO'M/X)W[:EX=5:>EI)]S)VWZ
M7+]Q?'"S-KQI3V)MKO1$Q8D$```)YMYB7YMOD1Y"'#JH2/56:T*-!FWQ)B,E
MPM#2N4Z6G`R42"49<2%1O.X_T[$<X-?>).D?'F_0O;0L]IP/O^4H33^1'67U
M+TOV5,D&]K<#;42TT"#,O)RPMG4_K0[/6@_UD-(>_P"[R5'F/]F"^B)N"V3:
MTZK%_M2?TR)!!Q3&:U27(-#4QW4:\KZ(,<Y"=2T,BD+0IXB,O'XA#N[AG7TX
MW<NY*+Y=3IZN!+M8.'9:=K%MJ7;TJOKXE48KJ^*\Y(C08<=]W]Z^Q%8:><_Q
MCC:$K7^LS&"=Z]<BH3NR<%P3;:7H,T;-F$G.%J*D^+22;.X,1D``````````
M``__U=_@`````````````````````````````````````````4>]HZ[(JV15
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MO)@H*].W=CCOA-VYJ&O!]3C2CY-NCY/5&-[;F)-_+3EV*47+]E.M>[CW%TO`
M22``!*,>O6*Y$JNLVWY%//-#CJ8_(<F%,9)11["&EU2&U/(0M2%H-22<;49&
M9&23*EWG:8[I9CT24<F'PM\*<T^[Z'XLM=JW.6W79=2<L>7%+CW-=_T^HE;-
M=!L325)=UU@XO@B%)6=39*7_`(-,6>:&'W#+P2R\Z9^!<1H>5LVXXG4[N,W!
M<X^\O'3AZ:&YXVZX&516\A*;Y/1^WCZ*E*<;6TM;3J%-N-K4VXVM)I6A:#-*
MT+2>AI4E1:&1^!BK+$^```'9B1),Z0W&BM*>><,^5"="T))&I:UJ,R2VVVDC
M4I2C)*4D9F9$/4FVDE5L\;23;>ATLY<-B;`I&RUBTT%LFI)&E3=@_8\LZ38Q
MUIU2Y$>-Q*&5$9\S323\3,BZ1Y;Q%C8#FW_%N2;DNRFG2^]:U[W0T+?LIY&8
MH)?PH15.^NO4NYZ4[D0@;"4A*Y7\1A=.[IQKK^YA*,B\6YT.JF,:F1>/49>T
MUX__`$5UOW-TR8_;LPEZ8RG%^QHG3]_;L>7V+LU^THM?0SEJEN6^.V](IQ3T
MNO4S>U#+BC4I+$5N0W>1HFIZI4[%=;D*07!28QGIJ1#YR%'&S<;*2I;G6W-]
M[HX-^#3C7\Y<CVPW?Q,C&;K.%)P7<J]:7BFI4Y]+(>+,@``3J!$;OZ.G8<6:
M7*:_C5,EQ)IYFZ;()'48=T5]R)8H?XZZ$<A.OB*F]<EAY>3.*K&[9<UWSMJC
M7ICT_LLL[5M96-CQ;]ZW=47^A<>C]$NK]H_GJ=W/U#>\;=7N3S[,9V]F[6VW
MY2S_`"6MP+`<)S?+,'H=JZRCOI<*KHZ*CI+&K;@VM:Q#;;F37&_F,V2V;LEQ
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M`%\5)T^_26G_`(:?/]-\OLK7B](6I2EJ4M:E+6M1J4I1FI2E*/52E*/4S49G
MQ,6B2222T*YMMMMZGX/0``````````2O$>54FZ;5S?B8IDVAI,BT4S42)*==
M2/5)FQH?Z17;C7Y>+)<LBU[9I?63L"G7D)\[%SV0;^HB@L2"`!5J6DLL@L&:
MVJC*D273(STU)IAKF2E<B0YH9-,-\Q<RC_06IF1'&RLJQAV97\B?3!>MOL2Y
MMF?&QKV7=C9L0K-^I+M?8C,W$,6A8E3M5L;1U]1D]/F&G1<N4HB)2_:EELOA
M;3]U)<=5&HSYCN6X7=QR97YZ0X178OQOBWV]U#H>WX-O`QXV8:RXR?:_Q=B[
M.^I*1`)P````````````````'__6W^``````````````````````````````
M`````````````'1LJV%;PGZ^P81)BR4&AQM9<2/Q2XVHOB;>;5\2%IT4E1$9
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M.@T'#5,6RDGTTTKQZ?R:UUKTTXZ]I49SB\S(<*4ZGPX5YT]-3N"41``'@`)Z
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MOU9DJ7+K6UI]?0=11&XQ)BGHZ[`9<7HW(;)39HTYS2K4A"Q\F=IV\3-JLC@I
M?DW.QI\%)KC%T=>%5J2[^/&ZKF5B4=CBX_E0[FN/2N4E54XT>A$19$`E.(O(
M59.5+ZR;C9#$=I7%J,R0U)D*;=JY*O(O36S+"S/R21^TQ7[C%JQ'(@JW+,E-
M=Z6DUZ8.2\:$W`DG>=B3I"[%P\&]8OT246>9&_GTG^QGN(W;L-XMSMI\A@9_
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MIF?$S%M&,81C"$4HI427!(JI2E*3E)MR;JV^9QCZ/````````````);A7,J\
M4R2264BDR=E:#22NHE6-VJN30R/7F4@OTBNW2BQ%)NE+MI__`#8$[;JO)<4N
M-JXO_ER(D+$@@`9K8#B[&+X_$C])*;&6TU*M'C3^*N2XGGZ"E'QZ4-*^FDN!
M<#5IJH]>6[OGSS\RY/J_@Q;4%RHN?B^+]7)'1MKPHX6);AT_QI).3YU[/!<%
MZ^;)L*LL@``````````````````__]??X```````````````````````````
M`````````````````!9'?&M0]15=H2-7H-D<52B+B4><PXI7,?F1/Q6R+WJ&
MU>5+[CEY&.W[LX5],7^)LUOS+94L6Q?I[T9T]$E^-(QC0M;:TN-J4AQ"DK0M
M"C2M"TF2DJ2I)D:5),M2,N)&-[:33354S2TVFFG1HB,#;[;>ISBRW/I]L-K:
M?="Y1);N-T*?;/!*K<RV1,0IJ8FTW"K\?C9C8%+;4:7>M-7U",R5KJ8C?<['
M3&VU)V8NJ@YS<%3A2#DX*G*D2;+<<R47%WN*U=$I/QDEU/UDL$HA'E_]23ZG
MF$_3ZA8+C$?`5;L[S[E5$G*Z3$9.0JQC&L5P2)<S<?1EV56$6!96UBN_O:>?
M"K8$1#'.J!)>>DMDTVS)^L7%R=QO7K=BZK=BTTI3:ZFY-*73%52TBTY-UXI)
M<6K7%P[+LQOY";ZJ],4Z:)T;;UYII)4X5J?/TV_J>X3]06)G>+2L"5M/O/MO
M41\MM\1BWKN38SE.`R;BNQYS+,8LY4&OLZ]^AR"Z@P[&!+2[RG81GF)#I+>:
MCLK%R=NO6;=^ZKEBZVHS2Z6I).73)5:=8IN+5.#37!ME8=E697\>J<:=46ZZ
M-I)I^+2:?;6IZA#Y*H`"?P)[>$QJ^;&85,O+FJ5+/U3JRJH4"4_*C,LN0&C0
M=E(>:8ZI]971;YDZ(4HM2IK]C^K2OV+K2P[=SIT2ZI223;ZG7I2;IHJNCU2=
M"ULWOZ9&S>MIO+N0KJ_=BFVEHOB;2KJZ*JT;U(G:7%E=/E(LI;DE:$\C*#)#
M<>,WPT:BQFDHCQ62T^RVE):\?$6&-B8^';5K&M*$.[B_%\7Z2#D9-_*G\S(N
MN4N_EX+@O04P23``!*HU_&F1V:[)8J[".PVEB':1U):NZUE/!#3;ZR-JPAM%
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M:$DB(B(B(7=JU;LVX6K4%&W%42147+D[LY7+DG*<G5MG6&0^````````````
M``E>$$2LGK4&KEZJ9[)*T,]%/UDQE&I%QTYUD*[==,"^Z<.E^J463MMUS;*K
MQZEZXM$4%B02K4"8R[VE1--)0UVU:F6:C(DE&5,9)\U&>I$DFC/41LQW%B93
MM?S?ERIX]+I[3/BJ#RL97/Y?S(U\*JOL,]AR(ZB````````````````````?
M_]#?X``````````````````````````````````````1R3E^+PYJJ^5?5<>8
MVHDN,NRVD=)9\.1UQ2B::66O$E*(R\Q-AMN?=M*];Q+DK;X-)Z^'-D2>?A6[
MCM7,J"N+DVM/'DB0-N-O-H=:6AUIQ*5MN-J2MMQ"B(TK0M)FE25$>I&7`R$-
MQ<6XR34EQ1*34DI1=8L^QX>@`6JWDD,,X8ZT[IU95C!9C%PUZJ%JD+/QUT)A
ME9:^_P!XV#RS"<MSC*/PQA)OPX?2T4?F&<8[=*,OBE.*7CQ^A,Q('1C0P```
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MS"Q<LV[BG=G1.G"*33X\VVEPT2KKJ>V(PE.`!*\E+K0\5L$\$2L=9BFGQ-#U
M1-FUCA:Z::+1&0Y[2Y_9H9UV#[MW<++XQO-^B<8R7TM>@G9GO6\&[RE92],&
MX_4GZ2*"Q((````!/<#M9:+!6/F:'J^^8GP51WTDLF9<VNE0VI,0U$9QY+G5
MZ2C21]1M1I,C^'2GW?'MNRLRC5ZRXRJN:C)-I]J5*KL:K5:EIM=^XKKQ*IVK
MJE&CY-Q:378]:/M6FNA`A<%6`!+ZG_/U2YCJS([&"<BQQTSTYGS4DEV=,1^)
MJEMMD\PG_#(4DN+HK<C_`(3(CFK^3.D;G=]F?H?NR_-:?Y)/L?\`%6)8C_G1
MK*WW_:AZ>,>]-?E$0\!9$`EF<&A646:T)-*72@/<IGJ9&_6PWE:G_?+,5VTU
M6!83>JZEZI21/W.CSKS2T?2_7%,B8L2````````````````2O!M/S?CR5%S)
M=LF&%%KH?*^9LJ,CX\2)S45V[?\`3<QKBH-^K4G;9_U#$JM'-+UZ$4%B00`,
MQMMLP9RBD:8><TN*IEF//;6K5;Z$IZ;,]!GQ<3()'Q^:7-2/@:3/FF^;;+`R
MI3BO^&N-N+[.V/HY=J]-.@[/N$<W&C"3_P"(@DI=_9+T\^Q^BMQA2%N`````
M`````````````'__T=_@``````````````````````````````````$$R/<?
M%\:6Y'DS#FSV]25`KB3(>;67W)#G.B/&41^*5K)9%QY3%OA;)GYR4X6^FR_R
MI:+T<WZ%3O*O,W?"PVX3N=5U?DQU?IY+TNO<6,RK=ZZNVEPJAHZ.$LC2XXT\
M;EB^DRT-)R4I;*,A7F39$ORYS+4AM>W^6\7%DKN3+YMU<$U2*]'/TZ=QK6=O
M^3DIV\=?*M]S]Y^GEZ->\M"9F9F9F9F9ZF9\3,S\3,_:-C*`F&-YUD>+&ENN
MFFY")?,NMF$<B$K4S-7(@U)<CFHSU,VE(,S\=16YVTX6X5=ZU2[3XEI+\3]*
M988>YYF#16;E;?V7JO\`1Z&C(+%]UHMZCDET=Q'>;-M#[];!EW,%"G%$A)K.
M&PN6R;JU$24FVOB>FIGXZ=N'E^>&ZPR[3@^"E)0E_:='ZUX&UX.^0RE2>+<4
MEQ<8N:]BJO4_$FR,PQ=;JF%7U9'D(425QILIN!)0L]/@7&FG'?0YQ^R:2/W"
MK>VYZBIK$N.';%=2]<:HL5N&$VXO*@I=C?2_5*C//+ZG/=3%[4NV3<+?N'20
M\U?V\QN!*Q6@=D/?(L@S7-<PI<`QENYEP'F7E45%8V9SK!MAYE]Z+'<8;=;=
M=;6G:/*V%=G<E8J[=^]=4&VO>A&,'<DTGSDJ*-4U6CHTFBGW65K*OV(MJ>/;
MMN>CTDW)02JN2=:T\.9IS[`?7G[R<:WKH[W?[*<:W3V7N\B@1\[P1K;3;_%'
MJ#%I4I$:?8;>6V%8S07U7>4%<XIZ*W(DRXTYYDBFMR%+4X.CY'E['5B3P;ER
M&6EHW<G-2?9-2DTT^#HDTOA:*[^#<]R[8A\I]D8Q:[TTDZKOJGSJ;I=G!766
M5A6N*);E?.EP5K(M"4N)(<84HBU/0E*;U\3%%8NJ_8LWXJBG!2]:J4%ZT[-Z
M[9;UA)Q]3H=$9C&``````!++OX,=PQE1))PX-Q*TT,G.B_=RVFC5KI\*E15&
MGW<?,5V+KF[G)<.N"]*@F_I1.R=,3;HOCTS?H<VE]#(F+$@@````%7Q^7Z"^
MI9NIEZ2UKY!F6OV6I;2UD>G$R4DC(R\R,1LRW\[$RK7VK<EZTS/B7/E96-<^
MS<B_4T?%Y$]!=6\'33T=G/BZ<.'0E.M%X&9?<\N`]Q;GS<7&N_:MQ?K29YDV
M_E9&1:^S.2]3:*6)!A.1EYV.ZT^PXMIYAQ#S+K:C2MMUM1+;<0HN*5H6DC(_
M(R'S*,9QE":K%JC7:F>QE*$HRBZ23JGV,E;F14\UQ<BTQ2`_+>4M<F5`L+.M
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MDV2L;#N9*E-2C&TN,G6E>Q43;?@M.=#7Z^JC]6K)%[0;`1NQG<S*,1Q3>^IS
M3*LLWDQ^!?X/N$R6)9(K#F]ML=N)"8-SADVKLXDF;;OP5(F26I%<;$A$1:_5
MS=NVU9F7EK<\?W+/2E:;4HMR75UR2JI*E%%/14E55X7%BPL*U&5N2=Z=?>5:
MI+2BKJN;;7'3EQZGT.OJ!]S>]F].9]MV_&XV9;WXU-VVR+<3%<NW$N9N79U@
M^08I84B9;#V;W2IV36V)Y%5V3D94*=+?:BSDQ5Q>CSR$/_6[;=B;?]UR<*U&
MTI7%"4(JD)*2=&HKW5*+5:I*JJG72GSDK[SCWW>UN0CU*3XZ-:-\6FGP?.E#
M9N$0U\``````#E98?DN$S'9=D.J^RTRVMUQ7Z$-DI1_R#YE.$(N4Y)1[6Z(]
MC&4VHPBW+L6I<#%<<N:F]I;FW@KIZV#/C3),FW<9K.6.RX3BU-LSG&)$A7*G
MX4MH4I1^!&*?<,W%R,3*QL:ZKE^<'%*"<M6N;BFEZ6J%KA8F18R<?(R+3MV8
MS3;G2.B?9*C?H3+?.F@W7#:(TMFXLVTGXD@U&:"/B?$DBXC7ICU?%0JI4JZ<
M*G&/H\+X;&P''+RWLM#Z42K3$,]3(NK.E-.H(R(R)6C<%?`]2+@?CH-4\UW5
M'$QK'Y4KE?1%-?WD;+Y9M-Y.1>_)C"GIDT_[K,G!HAN8````````````````
M``?_TM_@```````````````````````````````<"),9QUQAN0PX^U^]90ZV
MIUKR_$;2HUHXGYD0^G"<8J<H-1?!TT9\J<')Q4TY+BJZHYQ\GT8Y[A;5.(7*
MOL9;-UM1N29U0GBXV9ZK>?K_`#<;,]5&S]HN/)J6B2W79O,$6K>)G.DN$9\G
MV*79X^OM-1W;8VG<RL-57&4.SM<?Q>KL6/XW$U4```-(_P"N=O9O/FG?-N-M
M)FUM?5FV>S\?#JC:S;_YC*3BT>EN,'QW)',\9JVG$5DR_P`]DW*Y\B>IM4HF
M5LPU.=*(TVBY\NV+"POOBBGE79SZY<_=G**A7BE!*B7#B^+;-EG[D+5F'\J,
M(T[ZI-R\76OLY'ME]!/>K>?=SM-W"H]U;B_RS&]H]SJ?#]J,NR63/M++Y%:X
MNY;9!@,>ZGNO/3:;!'V(#T-A2UG`:N>B@TL$PVW6;E8L8VZN./%15RUUSBM$
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M=7XLXA]'@```:V/US^_SN0V#W+VQ[<MA-P,KV8JK3:VNW7S3.L"M9.+YYE-E
MD.69=CM31UV851QLCH<9QV#AYN*17RXISILQXI).)C1^65M.WXVX3S,C-MJ[
M"W<Z(PEK!4C&3DXO1R;E35.B2I2K+_%7W?&L2M:79IR<N?%I)/BDJ<N+>O!%
MS/H*][G<9W8Y'NWVY[Z9=D&[$G!,$K]T<*W6S24_<9=45L;*L>PW(L/R[,):
MWK?+6;`LGCV5<N>N1/9.!,0EYQMQ#;47?K.)L?W?+QX=&/<DX.W'X>KI<HRA
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M<;L).,HOC&2XK31]J:T:::T92Y.//&N?+FTU2J:X-/@U^&CJC`COS^IYL/V"
MR<3Q7,,>RG=/=?,JE.3P=N,-LJJA10X<NPE5<?(LQRRVC6C5,NYF0)*:V%'K
MYTB2B*XX]Z5E3#CV;&Q\S/N7H8BA&U;=)3G5KJHGTQBJ5HFNIN22K15=4IF/
M@VY6H7LB<DI<(QI6G"K;X:\%1U[M*W,[(>^_97OUV]R+,MJHN1XOD>!V-35[
MC;;9@4)Z]Q1W(6K-['+6#<U9_+,FQB^132VV9B&XK[<B*XW(BLZL+?\`F[:R
M<3(CC9D8]4HMQE&O3)*BEH]8R555:Z---ZTQY6'&U;5^S-NU6C3XQ;K3AHTZ
M/73L:X5S1'I`'@`)7FWQY+/E?=L6Z^U2KR65K71+`U),B))ESR#+APU+05VU
M:8-FWS@Y0_8DX_43MRUS+L^4U&7[45+ZR*"Q((```2O)/QH&(SBTT?QTHJST
M(CZM7:V<$R/0O*.VUIJ9GI["T%=@^[>W&UV7Z^B<(R^ELG9GO6L"[VV:>F,I
M1^A(B@L2":[7]H-[=-[]U,'V`W?VXQO),[V^VB9W%HMQ*+&*VPNIF#R\LDXU
M9UV>V%57(DR$X]=Q*0Z^78=(F8+U?&;?<3ZE@CE;/DV,7/RK>1-0E>C#HDW1
M/IZDX5?-5ZDN:;IP9>83^9AQA;UE"4G)>-*2\-*5Y45>*,&/I2]D>9]X6`9]
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M:NK=-4JT22KK1+C2K=#-V+#ESG28A19,Q]7V68K#LAU6O`M&VDK6>OZ!\W+M
MNU'KNW(QCVMI+VD&%NY=ETVX.4NQ)M^PDY44*C2E_*E/HE*+FCXW$4ENR=3Q
MT<LWU$M%1&49<$FE<A9<20E.BQ`^]W<MN&WI.WSNOX5^BORWZHKM;T)OW:WC
M)2SJJ?*VOB??)_D+UR?8EJ<19!3*/INX92''(_@)B9?L2R(N!<TM5N\AQ7*?
M$S;T,^.@^ON>2M8[G=Z^^-MKU="^D\^]8[=);=;Z.YW$_7UOZ!\RQ#[7Y6LN
M;3[)Y/\`@<VFFO(5&3W+KQTZFNOGH'R-RX?U"%/]UK__`"4]@^=@<?N4_P#]
MS3]ROM'YD@L<*[%,?C>9.S$3KE[7AQ,K*:]#,N'AT-`^XW9_S]PO2[H],%_9
MBI?VA]\M0_DX-J/CU3?]IM>P^',TR=9<C5L_":U2?0JVX]5'/E/5)*8K68K2
MTE[%$>OF/8[7@)UECJ<NV3<WZY-L\>XYK5(WW&/9&D5ZHI(^LU3S9)/F)XM6
MR8ETRK4S(V[B&Q8Z)-1F?*VN0:"+RY=`VMTP;-M_%;K!_J2<?JJ>[BJYEVXO
MAN4FOUTI?70BHL""<C33K[K;##:WGGEI::::2I;CKBU$E#;:$D:EK6H]"(N)
MF/F4HPC*<Y)12JV^"1[&,I248IN3=$ES,R=N,6=Q7'6X\Q"4V4YY4Z>DC2HV
M5K2EMF+U$F9+)AE!:Z&9$XI6FI<3YGO>X1W#-<[;_@073'O[7Z7[*'0MGP98
M.(H7%_&D^J7=V+T+VU)^*<M0``````````````````__T]_@````````````
M```````````````!&\MR-O%:*7<N1SEJ84RTS&)TF>N\^ZAI*3=-#G(E)*-1
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MEC%L6;USKN1BDWV_APKQ?%FH95VW>R;UVU;Z;<I-I=GX>PI`DF``#&/N*[+^
MU7NS=H9O<-LCB^XU[C$=B!194JTS##\NATS$QV:6/2,GV^R;$KJXQXW93_3A
MSWI3$4Y+KD9++JNH7Q;5_'G<N8F7<M=>LE'I<6Z4KTSC))\-4DW15J3K6X7;
M5N-J5N$X+AU5JNY.+BZ=SK3E0O7M[MUM]M%A-!MKM3A&-[<[?8LR^S08ABD`
MX%1`.6\<F?+<-UV3/L[:SE&;LN=,?DS9;I\SSJST,O(6^F5RY*Y*=Z;K*4G6
M3[.Y)<DDDN2,.1DW<F47<HHI426B7AX\VZM]I=RET7CF9M&?V(=++27*1D:F
MKR)%^T9DI"B3//3374M2$+*TS=LEVRFO7;;_`+IFQM<3<8_FP?JFE_>(H+$@
M@````'Z1&HR(B,S,R(B(M3,SX$1$7$S,QYPU?`&+G>%]-/9[OSQ;&J_>K#LN
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M;]Q/T8>_[:G?6]V[Q38+<[>+$[;)K$L`W9Q:F<ML7R;&Y4Y]51<YED'.U6[=
MW:XID5G&OW:XXLM+FBG&#:?=WS"\S;1D8T9W,RW;O12ZH5U3YJ*5>M?9<*U5
M.>A\7,2]%U4&[;X-JFG?6G2^U.E#;M[$.WG(NU#L^V*[?\QMH=SF>"X_D,W,
M'ZN85A2U^2YUG&3[@6F.TDQ"E,2Z_&',G*`J0R:F)<N._):,VWD"D^8\G)S<
MWH<8W;B<4]'TQC&";7)RZ>JG%)I/5,I=QNPG<M6[<E)6X4;7!NK;IW*M.^C:
MT9XX?69^E]W!=QN\5)W-=MN/)W.>M<&QO#=R=NH][3UN74EOAK;E/39+C5=?
MV-5'O\>N\=.(T]%KU.S8LZ*^^XTIJ1U$3=KW*SMWS\7,4HV97'.$U%N/O:RC
M*B;BU*M&]&FDG54)V/<AD6+*C.*O1CTN+:3TX-5I6JXI:IIUXF1WT8OIZ;P=
MF&*[M[B[_-U^-;B;QQ,6QVGVSK[:HR"9B6(XS.L;B3<9;<T$^SI47N164N.F
M-7QWW7(,:,XJ2I+SZ66,>X9T-RRL>6/"7W6RI>\TX]4I47NII/IBDZR:56U2
MJ39BS;MNWCRL*:E=FU6C344NUK2K?+DJUY'MH,13``2S*/QH^*SBT,I6+PF5
M*]KE7+G5!I/XC/5#<%!:^'D7@*[`]V>X6OLY$GZ)J,_IDR=F^]'!N?:L)?LN
M4/[J(F+$@@``!*YVC^'4#Q'\4&XOJY9'Y(>9JI[&G$S))K>=]A:Z\/$SKK7N
M;GF1Y3M6Y>ISB_H1.N^]M^++[-R<?6HR7TLC+$=^4XEF,P](>7]EIAM;KBO[
MU#:5*/\`D$^<X6XN4Y*,>UNB(482FU&$6Y=BU)5%Q7(X:VY;ZVL:-'Q-RK:R
M9II*-2\6H[CR+-1FD_Z-I7`5]S<,*ZI6X)WZ\5"+FO2TNGULG0P<NVXW)M6>
M^4E!^JO5ZD<TIN@-PG;O*K3(924DCDJHLAU!$7'D^:7KD5Q*"/73EC.%QU'Q
M;>93IQ-OMV;?Y[2_L6T_;)'U-8M>K)SIW9_FIO\`M3I[(LZWSVDA_P#%.+0C
M47`I-]*?NGS+R5Z=!5]82C\=%,+(O`9/NF5=_P`1GRIV6TH+U^]+^TCX^]8U
MO^1A1KVS;F_5[L?[+.M*RW(I;1QU6;T:(?\`O.M0S50]/`DG%KFXK"B(OVDF
M/NWMV%;EUJPI7/M2K.7KDVSXGGY=R/0[SC;[(TBO5&B(X9F9F9F9F9ZF9\3,
MS\3,_:)I$`]`````!*[[^*I,3LM=5_+YM*^?^RT\Y;C.OGS%7V+"?T)(5V)_
M#RMQL<NN,UX3CK_:C(G97OXV!>Y]#@_&$M/[,HD4%B03(W93&H:HDK)Y3"79
MGJW(-<IPM2C----G(D,D?`G7EO&WS>*209%IS'KI/FC.NJY;P+<Z6^E2E3FV
M]$^Y4K3O[D;=Y<P[;MSS9QK<ZNF/<DM6N]UI7N[V7_&GFU``````````````
M``````'_U-_@```````````````````````````!8O>Z\C-U<''VW"5.DRVK
M!]M)G^%"81(;;-S30M7Y"BY2/7@V?#P,;9Y5Q+DLB[F./\*,7%/MDZ</!<?%
M&L^9,F"L6L1/^)*74^Y*J]KX>!C.-Z--`````````````";8@B$_#RZ+8.RV
M(JZ!A]YZ'':E2$-Q,@I73Z;#LB,A9FHTZZK+1.I^6AU6Y.["[MURS&+N*\TE
M)M+6W-<4G]'&A8X"MRMY\+LI*'RDVTJO2Y!\&U]/`ZJ:C%W5$3&6/$:E(2E$
MK'9K;JC5PT2B'*L$FLE<-.;CJ7Z"R/)SXIN>W+T7(T]JB?"Q\*5.G/=>^VZ^
MQR,=,E[M>QC!=TT;)YCW:;85V[)SRJ'\%<NJFND5MVIY$=-!D&2S+)W%,7R(
MY#J&SK[&5&FI=42#:)1*).".5N]^U\^SM+6+_M&Y25.U1C#JDN^-5SKVV/\`
M1[$%[^6Y7/LI1B_!N4J)]SU[NS)"184-4^[&8Q`U2XSBV7#R2RFRGD.MF:%D
M["KTTS"%I,OLJ)9$?M&6%G+R(1N3W+^')57RHQ2IW2EUOTJA`E=Q;$G".W^_
M%T_B2DW7O4>A>AU*9:;B1,>I[F^N_P`@XQC%!56%]D5Y>U6/5U#0T5/&=GV=
MQ=7%RVIF%6UD-E;KKS[O*A*?'7Q^;F#8MQ4[F3DRE5)4N3JV]$DHM:MZ42/N
MSDY%^XK5C&L5?+Y<*)+6K<D]%VMF&VS?U3NR[?[<YO9W9/?_``&?N99R'X6.
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M-=CY-=J?!KO13!G,(````!*[#^(Q#''RX^BL[^K<_FI45;9,%P+P4J8[X^.A
M^SA76?<W+-A]NW;E^]%_0B==]_`PY?9G./[LE]+(H+$@@``!/**>U&Q&[4Y6
MP+)<"[IY3+5DF2[':*=%LHKKR6&)49+BT*C-EHOF0?-Q2>A:5&79E/<<5*_.
MVIVIIN-$WTN+2JT^U\*/3B6F-=C#`R6[,)N%V#756BZE)-T378N-5W%)>S#(
MG&CCL6"JV*9:>EIF8]/'Y?`DJ16M1NJ6G[9J,_,2([;A1DISL]=SMFW-_P!I
MNGHH1Y;AEN/1&[T0[()07]E*OI(VI:EJ4M:E+6HS4I:C-2E*/B9J4>IF9F)R
M2222HB&VVVV]3Y'H````````````E;?X^$22+0SKLHB.:<.9"+:KE-K5XZDE
M:ZA!>'$R+QTX5S]S=8/[>.U^Q-?Z[)R][;9KG"^O[47_`*B(H+$@F<6$TQ4.
M+T]:?%U$5+\D_;)F*5*?+7S)MQXTD?[*2'*=TROOF?DW_P`ERHO!:+Z*G2MM
MQ_NN%CV?RE&K\7J_IH2H5Y.````````````````````/_]7?X```````````
M````````````<;KK3#3K[RTM,LMK==<69)0VTVDUN+6H^"4H21F9^1#ZC&4Y
M1A%5DW1+M;/)2C&,I2=(I5;[C&W*MY[!V2[%Q9#<2(VHT)LI+"7Y4DTF9=5F
M.^E3$=E7W26A:S+0SY>*2W?;_+%F,(W-P;E<?Y*=$NYM:M^#2\>)I^=YBNRG
M*&"E&VORFJM]Z3T2\4WX<"]V&V4VSQ6GL[1Y#LR3#Z\E\D-LI7^(YRN*0VAI
MIL^DDC5RD2===.`U7<[%JQN&38QXM6XRHEQ[/%\39-NO7+V#CWK\JW)1JWPY
MOP7`P]RRY7?Y%;6JE\[<B8XF+[$PV3Z$-)>1:1VTZ^&JM3\QTK;L98>%CXZ5
M'&*K^D]7[:G/\_(>5EW[[>CEIX+1>PCHFD0`````````````)7B/XLNWAEQ5
M.QG(&6T_M.1JYVR;26ID1&:X!<=2(O[AUVY>[;QKO*%^V_0Y*+_>)V!K<R+?
M.5FXO5%R7[I`[IG))5!DL3"[*-39K,Q?)H6$W$Q240ZC-)E#8QL1M9:U&E*(
MM;D;L9YQ1FDDH09F9>)9\R/5C74XN4=.I+BXU74EWN-4CXP)0AF8\IM)*7%\
M$^3?@Z,_FA9IM]N9B^Y=_MKG>)Y=6[LP,KD8WD&'W=;9+S,\Q?G^G=K)-<ZV
M[9S;B?8/ER$DG%RE.I4@U\Z3/?+5_'N8\+]FY%XSC52373TTXUX42]1;RC-3
M<)1?77ASJ?T5^U?&MS,+[7NW##]YUSSW8Q?9';FBSYFV>3)N:^\K\<AL(H[R
M26IR;[':LHU?.6I3CBI<5SG<=7JXK1;$K<WDW+'^&G>G*'9TN3::[I.LEW-%
M;N;3RFORU&*E^DEKZ5HGWHL[]2#9C<_N#[&NX?:39EB18[CY'CV+65%C<.4J
M)-S2)AVX.)YE?X=7+2M'J;6[HJ*1Z*(>I6$QMJ*1<SR3+(KUO&S,#+O_`.'M
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M*J52\`RD0KE=D=Q6,JBQY75@+/5RMFM,SZUS74C-4&8V_&2M1&9<R4I7[#$2
M]A8U^2N3MTNKA*+<9+]:-'Z.!)LYF19BX0N5M?9:4H_LNJ^LK,9JERAQ41BO
M*BO%M2'HZH3CCE)-<CL.R5LO1I3CDBK4MMD^5Q#JVB5XH2GB46<LK;X_,G>^
M=B)I/J5)QJTJII4GQX-)]C;T)$(X^:_EPM?*R:-JCK!T3=&FZQX<4VNY+50H
M6I7```!*XA>HPNY:X\U;?4TXO,B:G1+.$_IQT+\5EG7V\/U5USW-TQI<IV9Q
M],7&2]CD3H>_MV1'[%V#]$E)/VI$4%B00```E>/?C5.8PM=.>B8GH\=.I6W5
M8Z?#4M3],Z[XGH7L,]!79ONY&VW>R\X_M0DOI2)V)[UC<+?;:4OV9Q?T-GD=
M]4KZC#OT_P#;?`D83A]'G6]&\$W)6<.B9:JP7A6'8[AY4)7V5Y)7TMI3W-W8
M39>1,1:F$W*C1U.-27Y#BD,(C2;/%Q+NXY5RQ&\[>/;BG.22ZFY5I&-4TOA;
MDZ-ZI+5MK-A8UEV7D7H]3<FHQU2THVW1I\Z):<ZF+OTJ_J]9GWB[H3^W7N!Q
M'#*C<FRQV^RC;/.=OX,V@K<E+$:R1?Y1B>5XW87-K%;MDXY#EV$*=7'&:Z<%
MQAV,I2T/IR[AMT]M^5?M7YW,24U&2G1N+DZ1E&22JG*D6I5XIIZ4>:_C6+MF
MY*W;4+T572M&EQ33;HZ:IKLI3F>]`P%*```````````!+Z-IV5CF61&6UO.F
MK'9+3+1=1UQU%HJO;2VR1&MQ:E6?*7+QU5IYBMRY1MYVW7)-*/\`$3;X)='5
MJ^7PUU[.XGXT7/#S[<4W+^&TEQ;ZNGA^M^%3&*)W-]M%ANFK8^O[B=D9^\2;
M'Y*6W$/<O%I&2O7Y+-E6,Q6VK!4";EC;Z3:74,ON6:'R-HV"<(T%*^\4M?>'
MCWEB\>MVY*-.VM-(_G-=--:T/7MF6EPCU_9ZEU>JO'NX]QZHX38.V>*44M_7
MKG!1'D<WVCD05K@OFLCXI<4[',U%Y*U(<PW2S&QN&7;A\'75>$O>7L9O6VW7
M>P<:Y+XNFC\8^Z_:B4B`3@```````````````````#__UMV_NZWDN^WCM;[A
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M62TA^.\V9D1FAUI9*+W&.>M.+<6M46_'4[(\`````````````````'0M835E
M5V->^OILSH,N(ZYKR]-N2PXRM?,?`N1*]=?<,V/=E8OV+T%64)IKQ3J8K]N-
MZS>M2=(RBT_2J&`0[`<L,SZ""[9[<5M<S(.([/QAJ(W)))K-A4B%TB<Y24A1
M\O-Y&1^P]1S#,NQL;W?ORAU1A?;IVTE6AT7%M.]M%FS&?3*5A*O96-*EDY>R
M64LDI4:933$EKRH*1)8>7IS&7PNQ.BG70BXN>)^SB-IM^:=OE17+5V+\$U['
M7V&M3\MYT:N%RW)>+3]JI[2TLV%*KI3\&<PY&EQG%-/L.IY5MK3XD9>!D9<2
M,M241D9&9&-BM7;=ZW"[:FI6Y*J:YE%<MSM3E;N1<;D71IG6&0^`````````
M```)'B$E$7)Z1QPB-E=@Q%?(]/ZO.5Z*1]KX=28D*\>`@[E!W,#*C'XE!M>,
M?>7M1+P)J&;C-_"YI/PEH_8SP&^JY]7+,>R?=J-VV;$83A.0[FU%'39'N;FV
MXL.YN*C&BR:(5MCN)8MC5/>T#;MP[C[T6PFSYSTEE+4Y$=J,3B%/BRVK"GN]
MN69/(G;PZTBH4ZI-?%*4I)T2=8I)*M*MT="RAA6<:*C>MJ=]\:UHER22:UIJ
MV^VE-*F1GTO/J*1?J#XIF-_GFWN%X3W';(*QJMO;?%ZWJ0+_``O*RR)O'[["
M;+(IE]FV,'52:F3"M*[YD_%:7*8>C+2W*<C1X>7L]K`RXV9KYN/=3E%M)/JC
MT]2FHI0DW5.,NE-T=:M)OZR[UZ&-&YCWI046HN*;>CK1Q;;DEI1JM.%--#U+
M,S49F9F9F9F9F>IF9\3,S/B9F8S\-%P*`_/`>@J,FXMIK"(LRTL9<9K3IQY,
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M%IY:N]=%QC!1DI2?8G51[V].#I]W*1Q,J<_Y;CTKOE5-)=ZI7P1MQBL-?``K
MV-V,:LM$OS.JF*_#LJYY]A)+D1$6E=*KSF,)4:24Y&]3SZ:D:B(R\Q#SK-R_
MCN%JGS%*,DGP?3)2H^YTH2<.["S?4KE>AQE%M<5U1<:KPK4ZMQ5.U$STJW6I
M+3C+$N'+8-70F0I39.QI+7.25I)Q!Z&E1$I"R-)\2&3&R(Y-KYBBXR3::?&,
MEHT_Q\UJ?&18>/<Z').+2::X-/5-?AH]"EB080`)7CGXU?EL`_Z?'O6-_9U)
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M"5F1M>AR3(W+/(V*V\R/*;BC6Y6LM>AB0X$63)49RW7651<F=GY&YNU:>/\`
M)Q(24FFTY3DOA7NU48I^]Q;;2X*M<M_,QX6;D+$W.[-4K1I)/CQU;:TX))/F
M>SXQE.```````````!"=XZK<W(>V[NHQO9AZ8SNS?=N&ZM=MO\KD'#NGLV?H
M'&L=CX_-01.0\DDSG";KG4J;4W.4THEMF1+34[F[,+FU7<A?\/'+AU]G1275
M5?9I\7=4NMC;^=E13]YV73QZHTIWUX=Y_-/IL5S.PS&NPN@QW)9>?R,ACX]5
M8M555F[ESN5_,$P(U+!IHK!VYWQ6A$RB.AOU!/ERDGFX#I<[EJ-J5V<XJSTU
M;;732G&O"E.?`SJ,G)12?57ASJ?U>.V1.=L;%[95NZ4QNRW0I\'PNIW.LFG6
MGV;'<J)AU`6XD]I^.])8>;F9JN>YSH<<2HU:DM>O,?YZWF$(9CE:5+4EU17-
M0ZI*VGX043:-ON*=JZD_AN-/O=$Y/]ILOT*DG@```````````````````'__
MU]Y7N'W`V[VIV&WEW)W=JRO=KL(VQS?)-P:%53%OBR##ZO';"3?X_P#))QI@
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MVWJ7QR@`````````````````+>;HW,FFP^<Y$X/3W&JOJ_X!J8EPGW"_G&PA
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MM*4:]WQ)>M:=S-;W_;[-BW8OXUE1BFU*GL^AZEA!MYJX````!7J?%\@O]3J*
MF9-0D^53R&R;C)47W52GC;C)7[C5J(>3GX>'_B<B,7V<_4JOV$K'PLO*_P`/
M8E)=O+UNB]I49.`YG%(S=QNT5II_5H_K#XZ>!1#?,_$88;QMESX<ZWZ7T_30
MRSVK<;?Q8<_0J_14C4J#-A*)$V'*B+/P1*CNQU'Y\$NH0?@)UN[:NJMJY&2[
MFG]!#G:N6W2Y;E%]Z:^D[%*E2[BI0@M5+LH*4EP+52I31$7'0N)F,>4TL;(;
MX?+E]#/O'3>182XN<?I1XP_56^D1$[Y]VE[Y[5;G8[MCO"U!+$,QK<\@WTS`
M<\K,==EQL5R!JYQB!>WV,9)5U9-5LAM-=-AS8;$=Q/IWF7?5Y-DSLC;,2U:^
M[N[B2C&22:4X2:74J2:4HM^]\2:;:U5*75W,Q[EV]"]/IN1G))TJI+J=.&J:
M6G!IJA?+Z;?T[L7^GUMMF=4O,D;E;L;JV5#.W$S*#6R*G&(-9B*;MO%\3PNO
ML>:V.NC.9#+DSITHH[U@^XTDX[*(K?/ER,G(S\F&3?MJW;A%J$*U?O4<I2:T
MJ^E))525=772#F95J=I8]AMQZJRDU2K54DEQHJO5ZM\E37T:'A6@``!S,R9$
M?K$P\XTF3'>B24(49-R8DA!MR(LAO[#\9]LS2MM9&A:3T,C(8[MFU>CT7K<9
M1K6C5=>WQ[S);NW;,NNU<E&7:G0+D/.,QXZG%>FAH4U#C)T1%B-K6;BVXL9!
M)8C(6X9J42$I(U&9GQ/4?-JQ9L)JS:C&O&BI7Q[3V[?O7VG>NRDUPJVZ>!PC
M,8@```ER3.UQ&0IXC5)QB;#1&>/B?RFX7))R&HRXFB-8MI<;U^SUEEYD0K7_
M`,/N4%'X+\75?GPI1^F+H_T43U_'P)N7QV9*C_-G6J]$M5^DR(BR(``$KPKX
M\@8AGH:;2%;5"DGX+.SJID-I/F>IONHTTXF9"NW33#G=YVY0G^S.+?L3)VW:
MY<;?*<90_:BTO:T:"'UG$;L)^HMW`GNLJX6VNVJE[5G8FX=86R9U,8MLT8LD
MB*$BD11EH\4<B3\U*8;^LLY)GMWEWY7]*L?+I\RLOF=OS*OKKWUX5_)I32A;
MWJ=4>G^7TKI[.FFE/PXUYFQ!]!-K=QGL->3N*U;LX.O>;,7]BTW;<IMY>%/U
M&.JRQ['RDD1*PIW/RFG%4U^"JU^9\OQ=04^X_)>\9+L4K\J'S*<.NLJ5_.Z*
M5Y]/1W$+<?\`#XO5\?5*GZ.GLK6G?U'M(,13DBQ"047*<>>7H;96\!MTC(C+
MHOR&V'M2/@?X3AB%N4/F;?F17'Y<FO%*J]J)>WSZ,[$D^'S(U\&Z/V%&F1U1
M)DJ(K7FBR7XZM>!\S#JFSU(R+CJGV$)-J:N6[=Q<)13]:J1[D';N3MOC%M>I
MT.L,A\`````````````!)\4D,-SIL.1(:B)MZBPJVI;Z^DQ'EO(2]"6\[J1,
MLJF1T(4L^""5S'P(S$#<(3E:M7(0<G;N1FTM6TM)47-T;:7.E";@SBKEVW.2
MBKEN4:O1)O6-7R54DWR*:UMMB=9ECVXU]28%2YX]&7#=SBMQ;$;'=:RAN,DP
M[$++JV'^8O2/L)Z:CE6+;:DEIHLN`A]6/=2MX6'*Y&M:2ZH68OM<9:57&D8-
M^!.<\NW'_C<_HC2E$XRN-=SBZT[Y22\2_P#M;FU8Y*9PZ'6O0H9-RWJV3)F)
ME2Y+R#5)D)EDB.PT3CC1+67(7*@D<NA_:%#O^UWU;EN5V^I7*I22C1)<%35N
MB=%KQK7N+79-RLN<=OMV7&W1N+;JV^+KHEKJ].%*=Y?@:D;0````````````
M````````?__0WH]]=N\#W<V5W9VNW1D(A;<;@[<YGA^<V"["/4E68K?X_/K;
MRU1;2]8M2]55\AR0W*<^",MHG#X)$G#OWL;+QLC'5;\+D915*U:::5.=7I3F
M?%R,9VYPG\#33-,NJ[,M]MY<YSGMU:^IQ]/W=#MLW0Q_M]VES[<S%M\=LKO=
MNVV([;LF?O\`:K%(>%U"+!V#GE4PVRI1]=;,MV`REZS<:]1UNIRW7#Q;-G._
M]/YMO/MRN3C!VYJ"N752;ZG3W7[*ND>%*)6+ER4K7WNT[3Z4W55I'AIV_A4W
M?:ZOB5-?!JZ]KT\"MAQ:^$QU'7>C$AL(CQFNJ\MQYSILMI+F6I2CTU,S/B.2
M2DY2<I/5NIL"5$DN!W!X`````````````````(_E5&WDE!94Z^4ERHY^F<67
M!F8T9/173,OB)*7T)YM.)I,R\Q,V_+EA9EC)7"+U[T]&O5[2)G8RS,6]COC)
M:=S6J?K]A@Q(8>BOO1I#:F9$=UQAYI9:+;=:4:'&U%Y*0M)D8ZQ"<;D(SA*L
M&JI]J9S.490E*$U2:=&NQHE>!7;&/Y7564M7)$2X[&E+\FV);+D8WE:<>1A;
MA+5XGHD]!7;OBSS-OR+%M5N437>TZT]-*>DG[7DQQ,ZQ>F_X=:/P:I7T<3-M
M*DJ22DF2DJ(E)4DR-*DF6I&1EP,C(<M::;36ITA--)IZ'Z/`=.?`AVD.17SX
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ML*Y=M7E94;D)*58Z5HZT:X.OK[S4@^O/W_\`<;VG[LX7VP;"99/VOF9#@,+=
MO/-T\=CMQ,RO6,ARS*Z3'\4Q2[DL.RL8HZQ.)+DSY->;,N;+?],;R8\=Q$CI
MWEK&Q=[QI9N1;<L>V_EQMM^[51BY2DE\3UI%.J25:5>E!<QGM\Y0JGD2;DY4
MUHVZ)5X=KISTK1'3^A[]0;N#[H<CW?V![@LGL=T9F!;:L[M81N9?,QEY;!KX
M.<XG@^08;D]\RTU+RIJSD9]#FUS\WJS(I09+?66TXVVS,W3`L;;>P[F&NBS>
MFX2A5]*?1*:E%/X?@::6CJG2JJ1,N$;^->NSBOFVTGU<&TY*+3[>*:;U5&;"
M8CE$```````````!*J8C/',QTXFF+2K,O,D%=1D&K3]DEN)+7VF0KLK_`!VV
M?I3_`'&3L?\`P>X?HP_?1%18D$`"J4<SY==5$_FY2A6<&4:M=")+$EIU6IGP
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MCG95/A<VUX2U7TD9$\A@``````````````'TA)*6A*EI;)2DI-Q7,:4$9D1K
M4224KE27$]",QXVTFTJNG`]2JTFZ(RDP/;2CJY$+(FKWY\^R2U1781M-5R''
M&E-J,R;<D.NK;0X9:&M.AGQ3Y%H.[[YEWX7<*6)\F#XJ57+1U[$E6G8^YFZ[
M7L^-8G;RXY7S9+@U11U5.UM^M>!>8:P;$````````````````````?_1]V_J
M9][?=3$KN[#M$=^FOW*9YLOG>`Y+MGC'<_LT62Y9"D0,\P*OAJO'L/@;7V56
MY'IKJZE,2&G+^*4LHY,$;*G#=3N^P;3MSEMNYK?L>&7":F[4Z+X9/3JZT]4D
M_A=*UU*O+R+U+UC[I-VVJ=2[UV4^L\&-B<O^AE`V6VUVR[T^T'N<V?[B*#%(
MM1N%N3#E[EM5N37R?7',RROKXVYS#R?F"WFY2HSV*(1"4XW&:-^.US*W+,M>
M;Y9>1D;5N>/=P92K&'N52^RWT<N%>O7BZ,KK<MN^7"%^Q.-U+5Z^OC]1_0$'
M%C90```````````````````#'7>S&H<9,+)HK:67Y<M-=8)01$F0ZJ.\_&DF
M1:?C$W&6E1_>+E\RX[IY6SKLW=P;CK",>J/<JI->&J:])J/F/#MP5O-@J2E+
MIEWNC:?CHT_08^C<C53*G9W)SM:5RDEO<\ZEY4L$M>KKM6YP8,B/BI,1S5L]
M."4&V7F0Y]YEP/N^5'*MQI:N\>Q3Y^OCWNIO'E_-^?C/&N2_BV^':X\O5P[E
M0O&-:-@`````````````#B??9C-./R'FH[#236Z\^XAIIM)>*G''#2A"2]IF
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MEQ7?<MK^\?GY3<3^^R#%&=$ZG_GZ+*TU41$G^`*7S*/77AKH7CH']1B_AP\A
M_P#PVOWJ#[@U\6587ZZ?[M3]^04C1Z2LSIN;]F!`OIW#FTU):ZN(UX$9Z<VO
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M0/&HT\N?'KN!8^9P;!;-%:H_F]"=(]%*,B_P$APST\"\`^_7+.F;BSA^=&MR
M'KBNI?K17B/N<+NN)DQG^;*D)>J3Z7^K)E>QS&,@A2+=FRI[.-!FXU>MNO+A
M/N17%,P'9T+E>0A3#CJ)T-I:")7,:DEIXB'FY^'=AC3L9-N5V%^VTNI5UDHR
MTXTZ6TR5B867:GD1O8TU:E9FF^ETTBY+7A7J2:+;J2I"C0M*D+2>BDJ(TJ2?
ML-)Z&1B\332:=44[33HUJ?(]``$LRY/JID*];/FC7U?$E$LB(N2?&8:@VT=6
MG@XU/86KVFVX@_/45VW/Y=N[B2^.S-K]5MR@_3%I>*:Y$[/]^Y;RE\%V"?ZR
M2C-?M)OP:(F+$@@``!<K($8O(>JYMI*OH\VQQZAE/*@0:^9%4XW6L0'#24BR
MAO$HW(:C49F9\VOCJ*/#>?".1:Q[=F5J%ZXEU2E%ZR<EPBUPD7&6L*4K%R].
MZKD[,&^F,6M(J/.2?(H/RS$5_N\KG-ZFHOXO&G$$7`C09JBVLPS(SX&?*1E[
M!+^?N2^+;X/PN_CA$B_)P'PSI+QM_BDP5#1N%^!FE.2C29DB77Y!%T,C,M%+
M352&B(RXEHHS]P??,N/Q[7=IW2MO^^F/NN,_AW&W7OC<7]U@\50>O1RC$WM$
MI46EG(C\Q*Y>!>M@1=%)YN)*T/@?`/Z@U\6!D+]5/]V3'W%/X<VP_P!9K]Z*
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MCEY2\==-/,?']5P'\.1U?HQE+]U,^_Z9FKXK'3^DXQ^EH'B$YO\`K-IC,56A
M:MNY-3..$9^!&B++D*+4N.OA[P_J5I_!CWY+NM37TI#[A=7QWK,7WW(?4V?O
MY9AH/^(R[%FDD:M>F_;2UZ)+B:4Q*AY*O<7,1GY!]_NOX-MR&^]07TS0^Y6U
M\6?87IF_H@RX6V1U--D\5J/ES$WYBT[$7`C0+B.Q)>6@U1^9R;'BM<[:T?":
MDZZGREXBFWU9.5@7)3VYPZ&GU.4&TN>D6WKW/O9;;-\C'S8*&>I=::Z5&:3?
M+5I+\*&3PT,W0````````````````````__2W6>]B@W.RKL^[H,:V879)W7O
MMA=U:G`$4CKD>]DY/.PNXCUD&AD,H6_&O[!]PF(+B#0MN6XVI+C:B)Q-AM,\
M>WNFWW,JGW:-Z#E7A3J5:]RY]QAR%-V+RM_&XNGJ-8;=/ZPV-7OTIMEMJ-M-
M],CR7Z@T*7M/MWF.WF=[2RLSSC(\AHL@12YG472[_#).(SXE]7L$RW*0[(MI
M[+R8KYG-?EJ1T'&\KW(>8\O)R,.,=E:G*,HSZ8I-5BU275H^6B7%:)%3/.3P
M[<(7&\G1--5??RI]9N&5SLQ^O@O6,5$&P>AQ79\)M],EN',<80N5%;DH(DR$
M1WS4@ED1$LBU\QR^22DU%UC4O%P5>)W!X```````````````````LGODE1X[
M4JT/E*Z2DU>1*5!F&DC/VF2#_D&T^5&OON0N?RO[T37/,R_X.P^7S?[LC%\;
MZ:4=VNLI]3,9GULIV',85S-/LJT46O!25$9&AQM9<%)41I47`R,AAOV+.3;E
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M*-1>!%J:O+4?%NS=O7%:M6W*XWP2U/NY=MVH.Y=FHVUS?`M7(WKQ!EU;;<>[
MEH2>B9$>%%2TX7[2$RI\9\B/^<A)^X;!#RMN4HJ4IVHOL<G5>J+7M*2?F/;X
MR:4+LEVI*GMDG[#N_P"MG'I-=:RZIB=,E5D#Y@J"\T413C7JHT11]8U/-D32
MY25+TYCY",R(S+08O_3N9"_CV\B4(V[D^GJ3KK1OAIQHTN\R?UW$G9OW+$92
MG"'5TM4TJEQUX5J^XTU_JK_6B[T8/=]E?;7VOY$SM[CVT^50<#4W18#B^;9A
MN3N0;<)FV:*/F&.95TZR'D$Q=;5P*^.AR:EOJR%R3>:;8Z'Y?\L;7;P5G9*D
MW<3:?7**C!-T;<7'5I=4FW1<$E1UA9.7>NN-N2BVJ572FJ]R:>BX+F^;9ZM]
MD7>C9;IX=C6UW=SENP>U_>DQ=R<;L=JJ?=#;:'DV:L&W"5C\R7@%/DTYK!]U
MI3SS\.TQ!)LV+,F,EU$&*;ZH<;%.4,:Y=G9=ZYM5$XW90FU'C5.?3[T%HXW'
MI1T<G2KK,S;Y7.B=BW!7]>J":7@U&NC?!Q79HM3T44E2%*0M*D+0HTJ2HC2I
M*DGHI*DGH9*(RXD)"::33T*)IIM-:GX/0```````````!VXUA/A'K#FRXAZZ
MZQI+S!ZZ::_A+1QT,8KEFS=_FVHR\4G])]PNW;?\NY*/@VOH))'RV7+-$3)C
M7?UB_P`-TY9H=M8J3X%)K[1Q*I;4AG7F)*EJ:<TY5I,CU*%/;K=NMS`I9OKA
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M;%$4%B00```E=[^/18=+,]5%66-8L]?\@NIKS9::F9<K%@@O#_\`978GNY>Y
MV^7S(R_:A%?3%D[*][%V^YSZ)1_9G)_1)$4%B00````````YTR9*$DA$A]"2
M\$I=<2DO/@1*(BXCX<(-U<$WX'TIR2HI.@5*DK2:5R'UI46AI4\XI)E[#(U&
M1D"MP3JH*O@'.;T<G3Q.`?9\@`>/WUHN\G>/M![==O6]B[-W$,XWKSK(<6D;
MEPV8TBYPK&L/HZJTM8F,',B2H]7D>52,BCMM62=)4&-#?],:'G4O,_>%B6MP
MSY8^35XUNVIN-:*;E)I=5-7&/2VX\&VJZ*A<;?",+,\CI3NN72F_R:*K:[W5
M:\51TXGE;]&/ZEO=AD7>5MML'O5NYN3OUMYNY(OZ_GW/R>[W#RS`\BH<:M\N
MI<MQG*LEDVF2PJZ+(Q[H64(Y?RY5?(>?-HGF&7$9M_VC#QMOOY.#CPLW(T3C
M!*,9QDU!QE%4C7WJQ=*U25:-IV,)N_.*R)-]/O*3U<7'WJI\:::KA3OH;[_B
M.(&W@```````````````````'__3W>^ZK=;)]BNV??W>C"\:9S'+=JMH-P<_
MQO&934Y^%<7.*8O975?%L&*Q;5D_6^HAI5)1'6V\MA*R0M"C)13=NQK>9GX6
M)=N=-JY=C%OL3:3I72O94Q7INW:N7(JLHQ;-8;96\^K?N"C;_OPQ;Z7_`--S
M>F]W-HJ[<N@W*J<0V^Q'>XH5@W*FP<A1D5GO%36L?*9L5#;IO&W.MB;<0QJA
M?493T#+AY:L?/V>YYAS[4+;<'!RE*WIRHH-4]2Y]Y4VWFRZ<E8EJ3:K6B3^G
MC[3;V',B[``````````````````!X`#&C=O.*:\BQZ"I<5-.'9(FR)[9EZ,U
M,QI48F(R]3.3J<HS-9:(^$N4U:ZEO/EW:LK$N3S,A=/5#I47\6K3J^SAPX]M
M#3=^W/'R80Q;#ZNF=7+EHFJ+MX\>'94L4-M-9.]75LRVEMPH+76?<YE<5);;
M::;2:W7WWG#2TQ'9;(U+6LR2E):F8PW[]K'MRNW94@O6WR27%M\DM69+-FY?
MN*W:C63_``;;X)+FWP)`IK$JD^1]R=DTQO@XF$ZFJI>H7!2$2G&7[&<T@_O)
M;CDK[IZ:&<-2W'(58*%BT^'4NN=/"JC%]S<J<T2Z8%C23E>N+L?3#UT<I+T1
M[B48SNG/H9K+2H$)O'2(VU4]<PEGTY+5J<IB0^MV2_++[QO.J)PN!FD]%%`S
MO+]G+M2DKTGF_;DZU[FE1)=G2E3OX$W"WN[BW(Q=J*Q/L15*=Z;JV_%NO=Q*
M#W([I[/8=@5QO-EV95F)XC@F/SK[/<CLHT_HTV.PN@AMZ5$APY-A/LW+&4U"
MAQ8S;TF;*DM,,H<4I!"-L=G<MO=[$R,>3C*25M)I]4WRCK2C2ZFW1))MTU)F
MY_<]TGCW,2ZOG4?75-4BN<M.*>B[:T1XQ[`?6G[(^X?>.FV3I'=W-O+W,+N+
MC>W^3[HXCB]1AF6Y#82_05%)(GXWG656.*V&03G668"IL;T:W'23(D15:$K;
M,C$W/#LRR<C'MNQ%5ET3<I17-T<(J22U='7L3*Y[;:FNFSD-W>2E%)/NJI.C
M?*NG:T>LRT+;6IM:5(6A2D+0HC)25I,TJ2HCXDI)EH9#X332:=4RH::;36J/
MD>@^C6LT);-:C0DS-*#49H29^)I3KH1F/**K=-15TI70^1Z"5XA^).LX?^78
MWD;"2\C<9J)5@UKP,B(GH23\#\.''0Q7;E[MJQ=^Q?MOUS47[)$[`UNWK?VK
M-Q>J#DO:CR:[G/IO87N!O5E_>WLK-O\`&>[*GV9W::Q;&8<6MGXGN!O6G9/*
ML(V=SFN>E2ZR=@NYF.7<FNDQ)S:YD*3<5\&2N.PZ4F0_(G>OXV*\.?3/:G=A
M*2=5*%OYD97(JE5*#5:IT:BY)-Z)6.#G6[L[4+D6LGI<8O2C?2U&O8^"KK5T
M=%JS10;QW,&<P;Q-FBR5K/FLE3CK6--UEHC,&\P1:%6HHFZ9+!72,E1=$4<H
MI-^J*5\'+U.`W[KM.U\QSC\GIK6JZ>FE:UX4IK7A0^J2ZNFCZJ^FI_2RVOBY
M[`VHVA@;KR7)N[%?L_M/7[L3'W42)$O=2#MWC43<F3)D-H;;?DOYLS/6XM*4
MDM9F9$6HT#$Z/DUM*EASFX+_`,-SD[?]CIH5>Y.+S;U..E?TNE=7]JI-Q*(0
M``````````````!R-)-;K:4J)"E.(2E9F:209J(B49EQ(DGQU'S)I1DVJJAZ
ME5I)ZU);G;<Q.36GJ&);;,=]%;$=E-.I.1%JV6Z^,^EQPCZQ2&8I.<^I\_-S
M:\17;0[3P,?HG%R:ZFDUHY/J:HN%&Z4Y<"?NBN+-O]<9**?2FZZJ*44ZOC5*
MM>9Q8^1OTV9Q"(S_`,R0[%.A&9)57WM6E1F1'X]"6LM=.!&9\!]9GN96V7*_
M][*/[5N?UI'SB^]C[C;I_P!VI?LSC]39$Q8D$`#O1ZNSEH:<BUTZ2V_(](RY
M'B2'D/2C;<>*,TIMM27)!LLK7R%JKE09Z:$8P7,K&LRZ;V1;A*E:.23IZ69K
M>-D7EU6L><H]JBW]")!)0M6%PTNH6AZKRBSC*0M*D*;395M>[TU)42=%$[6+
MUUU,O=YQ(-+=+O2TXW,>+\>F4E7U21)FF]NM]2?5"_)>'5&+^F+(B+(@````
M```````````%BNX_MIV6[M=K+#9S??%9.2XA*L8U]53*BT7099AV4P8DZ#`R
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MS`F,3JZP@RFDO1)-=+B./,3V9C2TJ94TI9.DHN774A7VL:_?OK&MVF[[=*<U
MVU[*<Z\"7=OVK%J5Z[<2M)<?Q=O=VEG,1O;K.MP'+9+TV/CM.V^XS!ZRVXS:
M76%Q(C;S;2NFY+DK4IY6O-IR&1'RD1#:MRQ,7:=GCC.,'FW6DY4UT=6TWJDO
MA7#C7BV:U@9.3N>ZRR%*2Q+:=(UTU5%5+F^+X\*<*&0`TXVH````````````
M`/_4W;>[RIVOO.UON"JMZ\QR#;W:*7M%G:=R<WQ.6U!RG%L+;QZ<]D%UCDAZ
MHOTIO85<VXJ(DH,Q;CY)0AEU:DH.=MDLB&XX4L2U&>2KL>F+X.5=$]5I7CJM
M.9BOJ#LW5<DU#I=6NPT9L#W8[0=J#;Q?MD^KG]1KM1QFO),NEH\\V>R7(MOI
MC<U,^>S(/'-I-UJF*4&;,EJ?ZZZ!U1%+-Q++JC69=>O8VYY/\3</+.#DW'Q<
M9I2[.,X/][EQ->C.Q#2UFW8+O6GL?U']"0<3-F`````````````````M'G.=
M6F&Y-3\[*96/3H'\3'Z2$OE(:E.IDOQ9.J3-YIAQK\-1F@RX<#5S%L>T[3C[
MG@Y-)=.9">CKI1I4378VGJM?&E"AW/<[^W9N/6/5B2AJJ:U3=6GVI4T>GA6I
M.F\JQB1`3/\`GE24)YO4UOS8S9:*2?,TZVZX2TND6I&@RYM>&@J7M^?"\[/W
M6Y\U/E%OTIKEW\"S6=A3M*[]YM_+:YM+T:\^XP>FE&3,EIAJ4N&F2^45:B,E
M+C$ZLF%*)7Q$I36AGKQ'5;76[5MW52YTJOC37VG-;G0KEQ6W_#ZG3PKI[#K#
M(?!+*;^%QS*Y^O(N0W543*O:=A-.QDH1KXF<:G,C_FJ,5V3_`!,W;[/).=Q_
MJQZ5[9^M$[']S#SKM=6HP7ZSZG[($3%B00`,.OJ`]N&5=VG9[O1L/@EK#J\Z
MRFNQNZPU%I.:K::\R'!\NH\PAXM;V$A^-"@1\E:IW(C$F2M$6+.<8>>4EIM:
MB^%>^ZY.'F.VY6[4WU)*KZ91E%M+BW&M:+5I-+6A8;=<A&Y=MSDH]<:)OA5-
M-5[$Z4KR=*Z&I!VR_2%[ZL_[@,3Q/.MA]SMD,,QO,::9G^Z^X&/R\4Q;'\=J
MK5B1;6F&WUDY`@;BW'08-%?'Q^1/5(DK;/G;8ZC[=[E[_MOW:Y]UR(7\B46H
MPBZNK6G4E\"[7.E%7GH6_P`J5NER_P"Y:6K;^K[3[$JF]C9RRGV5A/)!ME-G
M2Y9-F?,;927W'B09EH1FDEZ:C7[%OY-BS9K7H@EZE0UR]<^;>NW:4ZI-^MU.
MD,QC```"5X/QRNG:X?Q+[L/B9D1^MBOQ--4\2,^OH1^!'X\!7;K_`-/R9?92
ME^RT_J)VV?X['C]IM?M)KZR*>`L2"4%.)8:WEY[AMX/@C>XIDX1[C-X1BC>X
M9F[&5#=4K.T4Y98I;L1:FE*.9S*:,T&9I/01?N>-3HZ'\JOPUET?L5Z/83/Z
MAF]/3]XEPXZ=7[5.KVE>\1*(8``````````````!WJ^LL;5_TU9!E3W^7F-J
M*PX\I*"X&M?(D^1LO-1Z$0PWK]C'A\R_=C"':W0R6K-Z_+HLVI2GV)5)$G!,
MA+C);KJ]!%J:K"ZJ(RB\#T-A4TY.NA^')XD9>/`5=SS#M-NO_%=3[HR?MI3V
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M.*7+2VIT7.;9\YJ5S;KDY?S>J+?>HMQ3?;\;5>X]$18&M@``````````````
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M,]65,WLQ)J8TW`G<52]_!E6SHTEY^<<35KYXY/)P_4$_ITSRM:L6=EQ;=JGS
M(U5SM^8G25>>E**OY/3RH?&7<^;>E<7\N23CX/5?3KWU-@S^SW/;U9EV33\:
MRYZ[F8-"WTR:!L:J]>FFPQCWY=HI&=QZ$Y*UI_)M5EAN+;-A'0;LWK)"#4Z3
MR$4F^7</"W3+RZ)4QX.XTE7JZI="_2:Y5X=-=*$;(M7<JUA8T'6Y*Y+I7*E%
M5^"[?&AM#8MC,#%*AFKA%SF1]67*4DDNS)2B(G'W"(SY2T(DH3J?*@B+4^)G
MRG<,Z]N&3+(NZ<DN45R7XWS9MF#AVL''C8MZ\V^U]OXNQ$C$(F``````````
M```!_]7=5[W<:P/,^S[N:Q'<_,X^W6`9-LAN1195G\MB5*B855VF+V,)S*9<
M6$Q)ERHE"X\F2ZTAM2G&VS3IQ%CM-R]:W3;[N/:^9>C>BU'[336GIX&'(496
M+T9RI%Q>O8:UN_79AWV7V!U:NT[#]G>Z?;OO.[9^QFAOMZ<2E4>W]%M%N7VH
ME%K]O]U<`JLNMH5E"Q6SP=XS;D1V='6YTHCB,-I:AN[YA[KL\+TOZE=NX]_%
MR,AJVZR<X7M90DXJE5+D^Q:O5JJN6,AQ_@QC.-R$-5I1QX-5Y4-NJ`W,:@PF
MK"0W+GMQ([<Z4RSZ9F3,0RA,F0U'YW.@V\\2E)1S*Y2/34]!S.5&VXJD:EVN
M&O$[8\```````````````!'LEQFLRFM<KK)HCX*5%E)27J(4@TZ)?85P,C(]
M.9.O*LN!B9@YU_;[\;UB7BN4EV/\?+D1,S#LYUEV;T?!\T^U?AJ899)CECB]
MH]5V39$XC\1A]&IL2XZC,FY#"CXFA?*9&1\4J(R/B0Z=@YMC/L1R+#T?%<T^
MQ_AJ<\S,2]A7Y6+RUY/DUVHH(F$4`"63/X3#:6/]ZUN+:U7Y?@0FHM9$X>?X
MWJ?T"NM?Q-SRI\K=J$/3)N3]G23KG\/;\:'.Y<E+T12BO;U$3%B00```````
M````)#B3W0RG&W=322+VI-9D6I],YS!.$1>>J#,A"W&/7M^='MM3_=9*P)=.
M=AR_\6/[R*3/:)B=-9+E(F9<EHB26B=&WEH+E+R3PX$)%F779M3[8I^M&"['
MIN7(]DFO:=093X```````````````/TB-1DE)&I2C(DI(C,S,ST(B(N)F9CQ
MM)5?`<=%Q+J2F_D4%G'(RNFZA+;]^XVK14NU6GF5$<66AJCU2%=%*/L]4G%>
M)D.6[SN,MPS)R4OX$72"[NWQ?'U+D=&VK!C@XL(N/\:6LGW]GHX>M\RBBH+,
M```.VW(G0].D_+BZZ+3TW7F->.I++E4G7CY@"7WUS+2W1LRFXUG%=H*Y]V+;
MQFYS:WE==M;Z''=9,=QPD$?.TXVH_$S$BSE9&+)3Q[TH2[G3U]OI,-['L9$>
MF_:C./>J^KL,)-^OI_=AW=9E\+<+?7MVQ3(MQ8<2'!_-SMUN/1/6D2N:8C5L
M?)9.W&<8389,W7PXK4=A=NFW<9BMI80:62)!;!M_FK<<.MO[S<C9DZM0Z.+X
MM*<)I5>K4.BKU>NI`O;;!P2L=/4E1=?4].2JI1?KZNS@90X=MS'P?$IF)XM0
M8]38%CV!(Q_%J?"H\.+BN.U&.OUT^KJ*RJ@-M_)XT9F$KD;<9:6I:E+5JM2E
M'=0W/;LB6#+&O/Y_WA.77\;<U*+;;^)OJ5:-\EPT-?NX6XP>=++A6#L-)Q^%
M=+C)))<%HZ52]>I!!M!K8``````````````!+(R5*P>W-/$F\HH5KXE\*55>
M0-DK0SU/5:B+@*Z;2W7&KSQ[G[]LG0J]MR.Z]#]VX1,6)!``MMN7LOLOO5'H
MXV\VSFU.[C6,N2%XVK<O;[%<TDX^F8HESH]-.OJN;.K8$]U*5R(S3J8S[B$K
M<0I:$J+#\E*<[MJ[<MW)<7"<H=5.%>EI-KDVJI:)T)=G.R+,%;C).VN"DE*G
MA5.G@M"[>'V7Y"151L1K:.@JZ&G1C]#04]+6U&.4-(PV346JHJ"JCP:FEK82
M$ET8\5IIEOP).AF1QLC;L7)QWC7(OY;EU/5]3EVRDZN3?-MM]Y]VMQR[61]Z
M5Q.[TTU2HEV):)>"HC*?;`KRTKW,JO+N;8.6W79B05.FB!%8C2W&7'4PV^2,
MB2Y(841&E!<K9::GS'IH^_?=<>\MOQ,6,(VZ-RI[S;54NIZT2?;J_`V[9?O-
M^T\[)R93=RJ4:^ZDG2M.%:KLX>)=,4!>`````````````!__UMPWOZW5VCJ=
MC-Q=@LM[AM@MC=T.X;;#/,"VN+?C(</B8[:6&0U+F,KE6F.99%MH5[C34FY;
M9EI>@RHZR=Z:D*,^47&S8V3+,L9MK!O7L>Q<C*?RU*J2==&J4>FFJ9&R9P5N
M5J5V,9R32K3ZSP7V-O\`ZUG9$WB?9=MIN;].'NFR/;3&F(N);%3MYL<_UQ5N
M%Q:UVXKZ^'07N4[!9V[51*N6V<-^P9=0S&)G\3TJ1N.9#RGNWS-UR,?/Q[=R
M7O7.A]#E6C=4KD:UXI<Z\RNMO/Q^FQ"=J;2T5=:>M,VTQS8N@```````````
M```````C.4XI59;7G!L4&EQOF7#FM$GU,-XRTYVU&6BFUZ$2T'\*R+R,B,IV
MW[AD;=>^;8>C^*+X27?W]CY>M$+.P;&?:^5>6JX-<4_PXKGZF887U-*Q^WG4
M\PTJ?@O=,UH(R0ZVI"767D$K0R0\RM*B(^)$8Z?B9-O,QK63:^":KX<FO0]#
MG>5CSQ,B[CW/BB_7S3]*U*0))@)7EO\`#OTU47#Y1CU4PXCR1*G,JNIA&7AS
ME)LU)5Y_#H?@*[;O?ADY'^TO3:\(OHC[(D[/]R6/8_V=F*],EUOVR(H+$@@`
M``````````5"I=Z%K6/<QIZ-A"=YB+4T].2VOF(N.IEH,.1'KQ[\*<827K3,
MMB73?LRK2DT_:=S)V^CDN0LGIJU>6S9\OV?@GR$\/#AP&+`EU8.'+MM0?]E&
M3-73F9<>R[+]YE#$LC````````````2"@HBMU2WY$KT-;7-M.3I9->H=(WUF
MW&C18_49)Z5)6D^4C6A))2I1GHGC5[KNEK:[$;DX=5R3I&/"O:V^27XBQVW;
MKFXWI0C+IMQ56^-.S3M?XRN.8E5RBUJ,B:2YQUC7T154L]-"_"EQGK*$HS\=
M'%M:%[12X_FW'FZ9.-*'?%]2]*T:]I;7_+-^*KCY$9]S73ZN/U'<J:-C')*+
M6TF5LZ=%/JU=97RFK)HYJ3_`F3Y,8UQ$1XJ]'$MDM2W%D1&1)U&#=_,=B[C3
MQL%R<IJCDU2B?%+G5\.[D9=LV&]:OPR,RB4'513K5K@WRHN/?S.HM:W%K<<4
MI;CBE+6M1F:EK69J4I1GQ-2E'J9C2C;3Y````!/LGR"\@Y#<Q&K)]<9N>[TH
MTCDEQFT'HI#:(\M#[*$((R(B))%[AZWJ>$0L;*7:OIDS%MK<0RU'033+,=IM
MEDM$(;9CH;:0DM3/0B+B8\/3H`#L19<F$\F1#D/1GT<4NL.+:<+B1Z<R#(]#
M,N)>!@#NR"IK[5-O'16V"OL7E;'0VE:S\[6M:Z;$E*E<5.LDV]Q,SZG@+_;O
M,&9A.,+LG=Q^QO5>#X^AU7@4N=LF)EJ4[<?EW^U<'XKZU1^)!KBDGTCZ69C:
M3;>3U8DQ@S=A3F#^R_$D$1(=0?F7!2#X*(C(R'0,/.QL^RKV/<JN:YI]C7+Z
M^1I.5AW\*Z[5^%'R?)]Z?/\`"I2!+(P```````````$LK4\V'93H:=46N+.F
MDST4:"1D#1FDO$^5;R=?9J*Z^Z;EM_?;NK_^-_43K*KM^;KPN6G_`/R+ZR)B
MQ((````!E-LC+D/XS.C.EJS"M741EF?@E]AA]UDB\B0ZHU>\W!S_`,U6X0SK
M5R/Q2MJOH;2?JT]!N_ENY.6%<A+X8W'3TI-KUZ^DO,-9-A`````````````#
M_]?/#ZK%]V40OK)U#7U"8>1W>P!]C]+1U3-*69S)-#FMQFN;E26D6/A4R/=1
MFH#$NRD(-I+K2)BD.+:6H=/\N0W9^5I?T1Q6;][;=>G6*C&J][371>',H\QX
MZSE]ZJ[7R^_C5]AXQXKE7:;BWT_L<[AZ7<J6GZI6"=U-!F]9;6&89W(S-S!:
M>9$9IF78,U_\K6E%#;JVYJGFC59MOER+D)85Z<]JN6]RN;U<P9V%_P"G9XSB
MTHQZ>I\>]/6G9W5U($968XRNJ?\`QBG7BZT^@_I2#@QM8``````````````!
M\FI)&E)J22E:\J3,B-7*6JN4O$]"\1[1T;IH*KA74^AX``,9]VL4O)F4-6%;
M53;"/80HS?/!BNR31)C\[2VWR90HVS)I*%$I6B33Y_">F]>7=PQ+6!*S?R(P
MG"3?O-+1ZZ5[ZZ+ZS3=^P<FYFQO6;$IPG%?"F]5IK3NIQ^HM]'QI%0XF;E;C
M$.-',G?DZ)<=ZXLU)^)$1$6,ZZY!9=46CCSW3)"=322E:$=Q/.>3%VMOBY3E
MIUT:A'OJTNIKDHUJ^-%J5,<-8[5S.:C!?D53G+NHF^E/FW2BX5>A&K.P?M;"
M992>4GILAV0M*"Y6T=11FEIM/W6FDZ)27DDB(3K%F&/9M6(?#&*7^E][XLAW
MKLK]VY>G\4FWZ^7@N1T1F,8```````````'*P;A/,FRDUNDZV;2"2:S6X2RY
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M@;.:\``````!6*:DFW;SK<7I-,QF^M-G2EFS"A,FKE)R0\25F1K7\*$))3BU
M<$I,0L[/QMOL_.R)T7)+BWV)?@D2L/"OYUWY5B.O-O@EWO\`!DU<.OKJY%-5
M./26524S;"P>;Z"I\MMM;+"6(W,I3$.(VZLD$HS6M3BE*(N"2YONVZ7-TOQN
M2ATVHJD5Q\6WVO\`$;[MNW0VZRX*75<DZR?T)=R*:*HL@````````D&5?\X+
M/_'(_P!Q:!\6"/@`````"I1+25%97$43,RO=42GJV>TF5!=47@OHKXLNEY.-
M&APO)1#-8R+V-<5VQ=<+BYIF*[9M7X.W>MJ4'R:J=:11XW9GS0I#^.2E'_5Y
MG5L:<U'PT;ELH590T:^2VY.GFL;3A>:[L$H9UGK7VHZ/TK@_1TFN9?ENU.LL
M.[T/[,M5Z'Q7IJ4.9AN114&^W`591"TTFTZT6L70RU)3BH1NKC>S1U+:B/AH
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MWDN=*-<:-'TK&'?;M8UZ:O\`+K22GW*C]UOE6J?"JJ121'?BO.QI++L>0PM3
M;S#R%-NM.)/12'&UD2DJ(_(R%A"<+D(SMR4H-536J9!G"4)2A.+4T]4]&CA'
MV?)*JLC/%<KT(STD8Z9^XO4SBU/V%J8KLC_J&W>%SZ(DZQ_@<[]*W],B*BQ(
M(````!EQLW&)C"V72(B.98SY*M/$S2M$34_A+CI%(O/@7CY%SGS--SW24?LP
MBOK^LWSR]#IVZ,OM3D_J^HNH-?+P`````````````/_0WQLQVYV]W$A'6[@8
M)AN=5QMN,G`S'%Z3)X1LNH<;=:.+=P9S!MNMNK2I/+HHE&1\#,9;5^_8?58O
M3A+MBVOH/F48RTE%-=YA9N!]*3Z<&YAOJR?LRV'CNRE*7(DX9A<3;28\XMU#
MSCSDS;=>*2E2'7&]5N<_.O56IF2E:VUCS'ON/3Y>ZWJ?G2Z_WJF"6'BSXV(^
MA4^BAZ"BD)(``````````````!AI:Y?8MY^]D"I#SQ5MT^B*USJY$5C$EQ@X
M;23-*4(>AZI5IR\RE&9\3,=-Q]MLRV>.&H)==I5?YS2=7X/AX4.>7\^ZMUEE
MN;?1<=%^:G2B\5Q\3,2-)8F1F)<9Q+T>2RV^PZ@]4N-.H);:TG[%)41CFMR$
M[4YV[D:3BVFNQHZ#"<;D(W(.L)*J?<SG'P?1T;.)#G5TV'8))<*1&>;E$?DR
M:#YU$9$9I6@OB29<2,B,N(RV+ERU>M7++I=C)->)BO6[=VU<MW5_#<6GX&`2
MN7F5RF9IU/E-1$2C3KP-1$:B(]/'B8[`JT5>)RQ]W`_!Z````````````.1I
MIU]U#+#3CSSJB0VTTA3CKBU'HE"&T$:EJ4?@1%J8^92C"+E.245Q;T2/8QE*
M2C&+<GP2XER*NK/$VSG3DM_F5TE)@Q.=+BJ)M2=%SI9(4:6[51&:66C^)CBM
M1$KE(M&W_?8WXO"PKE;7Y4ES[EW=KY^''<=EV>5B2R\N%+OY,>SO??V+EX\*
M>9FHS4HS4I1F:E&9F9F9ZF9F?$S,QJ!LY^`#OUTY5?(-WI(D,.M.Q9D1W7HS
M(4A/)(C.Z<22XCP,N*%$2BXD0R6KL[-R%VW)JY%U3[T?%RW"["=NY&L)*C7<
MSA508@EQQX[*\>8=5JQ"9A1&9$1*N)IDS7I#C,DV]="-#:>?34^3P&V/S=>^
M7;4<2/S?RFVZ/P6C7K9K*\L6NN;EE2^7R22JO%ZU]2KW%*L\3=:CN6-(^JYK
M&N,CD9-JRKB/BGYA`2MTTL^1/MJ6R9EQ-)_"+S;-_P`3/I;G_#R>QO1_HOZG
MKV5*C<-ER<*MR'\2QVI:KQ7U\/`B`OBF``KU-CEC<F;K:/2UK)ZS+:42VZ^(
M@C^+F>Y3ZSQ^"6F^9U9\"2*_.W+$V^VYW[BZZ:17Q/T?6]";A[?DYTU&S;?1
MSD_A7I^I:DQE2(C$5JGJ$.-549PW5.._#)M)G*2%6$U*3-*5&DM&FRU2RC@6
MJC4H^9[AN%_<<AW[STX)<HKL7UOF=`PL*S@V59M+Q?-OM?U+D4L028``````
M````2+*U<]]-7H236B"LR+P(UU\51_W3'K!'1X`````````Y67WXZR=CO.L.
MEX.,N+:67@?!:#2HN)`#NJN+=9&E=K8J2?BE4Z2HCTXEJ1NF7B%0=;)I#Z<<
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MM4J:$#%P58```9&;5[?5<FJ1D-[!9GN35K^71);9.QFHC2S;]0Y'61MNN2'4
M*Y><E))LB,OM#2?,&\7X9#PL2ZX1@O>:=&V]:5Y)+LYU[#;MCVJS.PLO*M*3
ME\*>J27.G-M]O+Q+[PX42NC-0X,9F)$8)1,QX[:6F6R4M3BN1M!$E/,M9F?M
M,S,:G=NW+TY7;LW*X^+>K9L]NW;M0C;M048+@EHCLC&?8`````````````?_
MT=UOO5K-U;KM![G*G8U=TC>"QV*W0A[<%C3RX^2O9:_A]LW3Q<:D-EUHV1RY
M)DU`<;4VZW+6VI"VUD2TV&TRQH;GM\LRGW57H=5>'3U*M>[M[C#D*;L7E;^/
MI=/&AIG9?WU]\6X>*VG=W@&^?<UM3BGT_MI>TG9V/ANX%;;E7]PG<KD5[BF/
M[O4FY]-1SV,5NU3N6^L)$BXCS)TBNKZIN2W#G3VDIZG:V?:+%R.V7\/'N7,V
M[>GU1:K;M)-P<&]53W52+23<J54644LC(DG?C<G&-J,51_E2TK7EV\>[M-\"
MLE2)M;7S9<)VME2X,25)KGEDX]`D2&&W7H3KB4I2MV*XLT*,B(C-.N@X[))2
MDDZI/CVFQ+@CO#P]`````````````#!+*H*JW);V$I7/T+2:25\-5-K?6XTH
MR(S(E*;61F7D8ZUM]U7\'$NI<;<?72C]IS'.MNSF9-MOA-_3H7SV5RA<F-*Q
M>6YS+@H5-K%*/XO2K<),J,1F?$F7G"6DN)Z+5Y)(:GYHP%"=O/MK2;Z9>/)^
ME:/P7:;-Y<S7.$\*X]8ZQ\.:]#U7B^POT-1-H,5<_P`ES*CR.]J/GDOY?,2I
M4=LVXW(=;/;YDM,GT.9KHDI37.CE7J@SU\QT'9\';,O"Q,G[I'YT>+J_BCS>
MNM>-'5:FC[KF;CC9F5C_`'F7RI<.'PRY+32G"JUT+.C937P`````````"5Q(
M-=4UK-M>13G/V&IT],J0]%0]%0M2'K6P<CFB2B&IQ!ML(0M"GE$I7,24_%77
M+M_(ORQ\2YT0A\<Z)T?*$4].JFLFTTE14J])UNU9L68W\F'5*?P0JU5<Y2IK
M3E%)IMU?!:R>N+&)]#+M',2KVWH]M$K^G'ML@3HW)B2I*7?QK.0DS-412?#P
M]_$:]O6=N6U7+$;6=*<9IOWHV^7A%%YM&'M^XV[\KF'&,HM+W93Y^,F?K=LF
M"A;5'7Q*-+B30X_$ZSUBZA6O.A=G+<>EMMKUXI:4V@RTU(QJV7N>=G:9.0W'
MLX+U*B-BQMOP\/7'L)2[>+];JRCF>O$^)GQ,S\Q`)H``````'/&DR8;R9$20
M]&?1]AZ.ZMEU/MY5MJ2HM?T@"6JLB=H565E6TEI->N$0V7YU/7K>Z$:$IZ6E
M;[+##[QK7)9XJ4HR_29";:W'/LQ4;69<C'LZG3U5H1;F#AW6Y7,6VY=O2J^N
ME2B(N$,Z'$I,<B++[+J*6)(=0>IF:D+L$S#2KCXEX%X#[N;KN5U4GFW*?I-?
M0?$-NP+>L<2W7]%/Z3JS;.PLC2<Z8_))O@TAQ9]%DOV66$Z,LI]R4D0@.3DV
MY-MDQ))))41T!X>@```````````2+*C([IU1))/4@4CID6NA*=I*YQ7C[5*,
M&".@````````````.3*/^;.+_P"D\G_W+'ANOD_AN'_P_P"^:EYH_P#H?U_[
MA`!NIJ8`````````!](Y.='4-1(YD\YIT-1(U+F-)'PYM/`>.M'3B%2JKP,^
MJKY>597E5+:76IAQT05,*)31Q4-)0SR*+Q(D)+WZ^/$<@R/G?/O/(35_J?57
MC6NIU.Q\KY-KY#3L]*Z:<*4T*@,)E```````````````/__2V<OK37_>YCO:
MCE<WM&I,1M<17M_NRUW$3K2;.@9WC6#JQJ#\LR3:Q^KR&@LDY73%\PD(Z'JE
MDXVU^`X6J#VCRI#:9[E;6YSDKO7#Y5-8N5=5.J:H]%RYZD'/>0K,OD)=-'U=
MM.[O/'&=W1_6QW6[)=B-A<.[&\RCV.38)V[JP#NCJ+^-G<[)L;HX.+VN/YCN
M/3Y26843=CF]?5,3+B1?R(R8KTA;S[+;AH).T1V_RGC;MF9EW=X=,9W>JRUT
MT;JG&+72Z1K2*C6M*)D%WMPGCV[<<=U:C27'TOCQYU-P:L18-UM>W;.QY%HB
M#$19/Q$*;BO6"6&TS'8R%)2I$=R02C01D1DDRX#F$NGJETKW:Z>!=JM%7B=X
M>'H`````````````8.YS(1*S#(W6S(T?-IC1&1ZDKT[IQS41^9*-K7V#JVTP
M=O;<*+X_+3]:K]9S7<YJ>X9DEP^8UZG3ZBDTUQ.H;*+:USI-2XBS6@U$:FUI
M4DT.,O((T\[3K:C2HM2/0^!D>AB1E8UK+L7,>_&MN2]/<UWKD1\?(NXMZ%^R
MZ7(O\$^YF3.,[PT=PZQ"M65TLU[1!/..(=K%NGH1%ZDS0Y'-P_#J)Y"\#7[=
M%SO+67C1G=QYJ[:7)*DJ>'/T.O<;GA>8,;(E&W?B[=Q\_P`GU\O2J=YUMX\8
M;LJ9.1QR+UM.A"'S3Q]16O/$1IX><5Y[J$?AR&OW#[\LY\K&4\*?\J[P[I)?
M6E3QH?'F'"C>QUF0_F6^/?%OZFZ^%3%L;^:2```````\0!,D4M71.H=R2:AZ
M8PE+R\9@I=<F+<-*5LQ;*=R)AUY*4HNLE*G7D((RY26?"L>5D9<7'!M-6GI\
MV5*=[C'XI?FMI1;UJT6"QK&+)2S+E;BU^7&M>Y2EPCWT;:7*I'+.RE6TUZ?,
M4E3SQI(D-I)MEAEM)-L1H[1?"S&CM))#:"X)21$)MBQ;Q[4;-I>ZO6WS;?-M
MZM]I$O7IW[DKMQ^\_4ER27)):)=A,L;-*\4R!!D9*8N\>?(R,M#ZL2^9(C+3
M7@23/^0:?YO7O8$NU3]G3^,VCRN_=S5WP_O'"-+-L``````````)%8?!CN/-
M%H74D74M1%S:FI;T.*1K^Z9DF'H6G@7Z1[R0(Z/````````````````2/)SY
MYT-TR(E/46/.+Y2T(U*IH6I\3,^!$1?H(&".`````````````.?*D$G%\2,M
M=5S\H6>OD9?(D</=H@ANOD_AN'_P_P"^:EYH_P#H?U_[A;T;J:F`````````
M``!D#L=*NG)%M%-Y:Z&-&0LV7#-2&;%]\C9*-S'^&3C*'5.$G@9DDS+4R,:=
MYKMXL88]SI2S)2XKG%+6O;1TIZ3:O+4\ASOPZG]UC'AV2;TIZ*U]!D6-*-N`
M``````````````/_T]UKO8P_<;<'L^[H,&VB7,3N?EVPNZN.X*W6RC@64O);
M?"[B%65U9/)2#@V5F^\4>.\2VS:>=2OG1ISIL-INV+&Z;?>RJ?=XWH.5=512
M56^Y<68<B,Y6+T8?&XNGJ-7C-OK*)/Z8^Q_;_L?OEOC5?4LQZXVEVMR+#+/;
MK(K'<BWR?%<L8I,DJ;K*;K%)-#-C9`Y!;CLLQIR\CE+4U$F-:NSB/H5KRM__
M`*#+S<O#LO89*<U)22BDU5-).NG>NE:M<$5$L_\`X2W:MW)?>U14IK5/P_TF
MXS7+G.U\%RS89C63D.*NPC1W#>CQYRV$*EL,/&1&ZRT^:DI4?VDD1CETJ=3Z
M7[M="]7!5XG<'@````````````I%];L4--8V\@T].#%<>2E1Z=5[3ECL%Q+X
MGWU)07O4).'C3R\FQC0XSDEX+F_0JLCY61'%Q[V1/A&-?%\EZ7H8'.NN/NNO
M.J-;KSBW7%GXJ<<4:UJ/WJ4>HZW&*A&,8JD4J(YA*3E)RD_>;J<8^CP`"3U6
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MR,>CO6913X-K3U\"DB28````DN'1VY&2U!OIYHL245E,U+5"8=8E5A)4YJ7*
M3?1C'KKP\A`W.<H8.3T/^)*/3'QE[JIWU9,V^"GF8_4O<C+J?A'WG[$4"3(=
MER9$M]1K?E/NR'EF9F:W7G%..*,S,S,U+49\3$R$(VX0MP5(122\%HB+.<KD
MYW).LI-M^+.$?9\D^Q51GCV5HT(T^HQUW734TJ0[9MI,C\B-+YE^L:;YO7N8
M$N:<_P"[^(VKRN_>S5RI#^\?`T<V\``````````D-F1_(\:/0]#:M2(].!F5
MBLS+7PU(E%_*/>P$>'@```````````````)%D?,;E,I6OQ8[3<IF6FJ41NDG
M])$3>GZAZP1T>````````````#M99_S6P_\`X;E/_P"_2C=?)_#</_A_WS4O
M-'_T/Z_]PMT-U-3````````````RUV=J':W$_5/H-#EQ-=GMDHM%>D)MJ-',
MR/CHYT5.)/S2LC'.O,N3&_N/RX.JMQ47XU;?JJEXHWSR_CRLX'7)4=R3EZ-$
MOHJNYEUQKQ>```````````````'_U-Z/?.EW8R+9S<RAV(R^GP#>:WPN_@;8
M9MD-?%M:/%LVDP'F\?O+:MG4F2PYL"OL%(<=;<KYB%)(R-E?V3DX<\:&5CSS
M+3GBJ:<XIT;C75)U6K7>O$^+BF[<U;E2Y31]C-6'?Z]^L#V!6=?W5;Y[,?3*
MWPM2RS&L/M^XYO:G'X6:4\[+K%RCI)F0YS55VQV:4]1(GRF(JIW2.-%4MDW^
M5LW3/HF%#RQO49;=AY6X68]+DK76^E]*JZ1;N1;YTXO6G(I[CSL9J]<MV9.M
M.JFNO?HS;S',B[`````````````#'O?&]4E-5CC*]"61VLTB/[224N/";5H?
M%/,EU1D?F23&Y>5,1-Y&;)</<C],OJ7K-4\RY32L8D7Q]Y_0OK]ACN-T-2``
M`````K-3>3*@W6VR;E0)1$F=53$J=KYR"\.LR2DFEY'BAU!I=;/BE1"+D8EK
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M;5MUVHOZ+-L7N\<MT,N*8?577V.U=G6SVX[Q&E9L/KY5ERJT,+4]RO\`5%95
MA23U7RY]4?&,IIJO>CR_:PL:45<Q+^JTK.-'X-0=?0SFDY$VF+(@TM3$I(\M
MKH3'FG9$RSEL&HE*CO3Y3BC;CN&DN9#*&4KTT5J7`9X84G<A=RLB5V<76*:4
M8I]JBN+[')NG*A'GEI0G:QK$;<)*C:;<FNQR?+M22KS(R)Y#``GF(ZG3Y<DE
M:$4.H=4CFTYB1;L-<Q)^\:%/D6OES>\:CYN7_#8CI^6_H_T&S>6'_P`1E*OY
M"^D_!H9N8`````````!(I^AXWCRRUU*;?,F1Z:?`=6Z1EY\2?T_4/>0(Z/``
M``````````````2*_+\+'EZDHG,=B&6AF>G)-L&5$>I>)+:,.P$=````````
M`````?65&?R#%2U/0G;\R+7@1F_`(S(O#4R27\@WCRA_+SGSZH_1(U#S1\>'
MX2_ND"&Y&J@`````````%4HX;-C=T]?(4:&)UI7PWU$>AI9DRV6'%$>I:&2%
MF?B0CY=V5G%R;T%6<+<I+Q2;1FQK<;V3CVIOW93BGX-I&>C++4=IIAE"6F6&
MT,M-H+1#;3:20VA)>24(21%[AR.4I3E*<G63=6^ULZC&,81C&*I%*B7<<@^3
MT```````````````_]7WV^H=]3;"\(M>XWL][DNR3O+F;%Y!CDO;VQWTV@QN
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M,E147`[8\````````````&&&YLY4_-KQ1JU1&>:@M%Y(3$CM,K27$_%\EJ_2
M8Z?L5I6=JQ5362<GZ6W]%#G>\W7=W+)==(M1]22^FI`A;E6``````````:EG
M]HVN-V/]=_;WCUF]<L[')V=D76$14*=3C$W<EW-<H@[BSW$H<.._ED.F9HF'
MN<B=9KE1.4B0\:G+/R\K3N;G-T^]_,BGVJWT1<$OS7+K?Z75V:7]G3"Q%'X&
MFW^EU-.O?2GHH7`_LX-WO`]?=SV-F_</]O4'#L:NWV)3DIS'ZO?.;E--`QTZ
M5MU)PXEQ>;=1KX[$V%)<?8KX?72LFF%-_&_QLK+VV<$OO;ZT^UVE%MU[E<Z*
M5X-NG%U\R=<&_P!?PIQZ?TJ\O&/57P1M)BO*$```)UAG*N+EK)F9*5C[+Q&1
M:EI'OJ91D?'Q,U$0U7S8G]PL2Y?-7[LOQ&Q^67_QM]<_E/\`>B?HY^;L````
M``````2-_5>)UJC+7I7UPTE6GV4K@4SIIU_G*X_J]P]Y`C@\````````````
M```!([OE578N\DS^*D=9,C+30V+JV29^/FI1_P`@=@(X`````````````_<J
M_P"(<6_QE]_]H@C>?*'\K._2C]#-0\T?'A^$O[I`QN)JH`%4K:2VMS7\N@2)
M+;7%Y]*.2)'+QYI,QTVXL9.GFXM)"/?RL?&I\Z\HM\%S?@EJ_0C-9QK^17Y-
MIR2XODO%O1>EE9^6X]4?%;V7SF6GB550.).,2N!DB9>.H5'2G74E%&;D:^2R
M\2B_/S<G3&L?*M_;N+7]6VM?VG'P9)^3B8^N1>^9<^S#AZ9O3]E2\4/F.)S_
M`(9U#)IE:Z(E4,UR0A*"^%'7KK=Q_P!0LDZ<RD2&>8RUTXCWY.X6=;67&ZNR
MY%+U2@E3TQD>?.P;NES%E;?;!M^N,ZU]$D?GY9BS.-'D518&?`HD]PZ&P,_V
M2;LU(@.&?D3<EPP^_7+7^+PKD.^*^9'UQ][UQ0^YPN?X;+MS[I>Y+^U[OJDS
MY/",I+BNH=91QY79#\..PYIH7X,A^0VP^7'[BE!_5=OY9*;[$FVO%)-KTC^F
MYW/':7:VDO0VZ/T'(6$9:WR/%4OMI)1J;D^HB-LZMGKSHDG)2UH@RUYB5I[Q
MY_5=NE6/WA-\U1U]5*^BA[_3<]4E\AI=M53UUIZ:F8F.RIDVCJY-AT?7N0VB
MF''?CR652FRZ;ZD/17'8ZB6X@ST2HR29Z>0YKFV[5K+R(6:_)4GTU33IQ6C2
M?#M1T'$G<N8UB=VGS7%5HTU7GJJKU%:$4D```````````````'__UMW#NXVK
MR[?+M<[A=G,!OFL9S;<_9S</!L4O)$J9!B0;[)<7LJNL]=-KS];#KI,J2EF0
MZTEQ;;#BU$VYITU3MLR;6'N.#E7H=5JW=C)KN33?'GV&*_"5RS=MQ=).+2-.
M;=+-^X3-NSKMV^F"Q]+_`'4P_N^V5SO;V!BNYCV`Q9V#0I&+7SY6&Y$*X8QJ
M136,'.V.HB_EORI.-R6'I4YZ8^A*23U''LX5G=,[S`_,-N6V782;AU>]JM(T
MK5=/Y*HI+1)(HYRNRL6L3[HU?BU1TT\?3SY&\M`]<4&$5F<15EZ2/\P5`2\F
M"<[HH]6<),A2Y"8AR.;IDLS62-.8S/4<AE2KZ:]-=*FPJM->)VQX````````
M````,'\\0I&99(E7B=M+7PX_"XX;B?\`ZJB'5=H:>V8+7^S7LT.:[FFMPS$_
M]H_:R)BQ((````````>9_P!37ZC%;]/K;G!Y-%A55N/O'NS/R!C!,=R258QL
M)H:3$"I%9%E>:)H;*JR*Q:>DW\:)70(DJ$J4YZEU<II,7I2/K&Q;^X9,\>W=
M^79MQ3G)).7O5Z8QZDXU]UMMIT5%1UJK/#QK,K7WB_'J3DTHU:6E&VVM::I)
M)KGKIKAUV!?4SPKZG=W?=I7>%VZ;*3LEETEOGF`)K\8GY%MSD[N(UJY&007L
M9W(NLZNL.W!KL<]381+FLLFT2(T>1'-N,HF^OYN.U7-NNX^9;R[D[;DH.55"
MY#J?N^];4%*#E1.,HZ-IU>I/TMV+SQ8JW)+J<?BC)+CI/JI)+5-/@J'N;A&#
M8+MCBE?@FV6#X;MOA%4_(EP,1P'&*7$,<8G3":3.LU5-#"@Q)%O8=!'J9CJ7
M)4@T$;CBC(AAA:C"<[CE*5V7&4I.4G3@JR;=%R7!<D4E_*O9'3\V?NK@DDDO
M0J*O?Q)0,I@```";X0HB<R1!I)1.XO,2?$RY3;L:I]*BT\3);)#6?-2KMD'V
M78_1)?6;!Y;=,^:[;3^F)R#G9O(`````````!(CXXFGXB_#R)S5.IZEUJUOE
M41:::'T#U_0/>0(Z/````````````````2*U,E4F+GIH:(EFT9Z_:2FWEND>
MGEH;YD/>P$='@````````"HU$+YC:5T$]>67-C1UF1Z<K;CR$NKU\B0V9G^H
M`=-_+J<I#Z6<2K%1B==2PHK*]2^;1+43*E+.R<:Y^30S^#0_8-\CY3Q7;BY9
M%Q7**O"E>?(TR7F;(4Y4QX.%73C6G+F?$S*L?LHL.)-Q5\FH'J3C^BR!Z.I*
MY:V5O&9R:Z=S)4;)<#UT\C$_!V:]MJN+$SDE)JO5;ZN%>R2[2'F;M9S_`);R
ML-MQ3ITSIQIVQ?8='U^$=/7\NWW5T^Q^9(O3UU_PGR'FTT_F";\G=:_XVST_
M[I_1\SZR'\W;J?X2[7_>+_RSX_,59%U.JQ6GCN>4BS7+O'DF1:$:6IKJ:W4C
MX\8Y\?</?N5^Y_B-PN279&EM>N*ZO[0^]V8?R,&VGVRK-^IOI_LE*LK^XMR0
MBPL)#[+>A-12-+,)DB,S+H08Z6HC'$_N((2+&'C8U79LI2?%\9/QDZM^EF"]
ME9&117;K<5P7!+P2HEZ$4@23``````<K##TI]F-';4Z_(=;88:06JW7G5DVV
MVDO-2UJ(B]YCYG.-N$IS=(13;?8EQ/8QE.48059-T2[6S.S&ZGY%0U-1S)6N
M#"99>6@M$+D<O/)6@M"/E6^I1EKQT/B.2YV1][R\C)II.3:\.7LH=.P['W7%
ML8]=8Q2?CS]I6Q%)(``````````````!_]?=A[S=SLVV5[2.Y?=W;:*U+S[;
M38W<_-\/0_"*SCQ\AQK#[:UK+&56J0XBQB54F,F4ZPHN1YME2%&1&9E/VK'M
M9>YX&-?=+-R]",N6CDDU7E7@8K\Y6[%V</B46UZC5#HK_O*[.^SG8/ZN]/\`
M46W`[A2W`RO"9>]_;AN/E%G>[?9-6YS;RHES@6/_`#+,<@KV,WP\HSD-YN-6
M0I58AN2]&5%:A*CO]'G#:MTW3-\LRV.%CHC+Y=V*2DG%:2=(I],N.K:>B=6Z
MJE3OV+%O-64Y5:K%\->7'BC='KIS-G7P;*.EY#%A#BSF$2&E,2$,RV$2&TOL
M+^-EY*'")2#XI5J1CE4DXR<7Q3+].J3.X/````````````!@WFTIN;EV12&3
MU:5:RT(5KJ2R8<-CG(^'PKZ6I>XQU;:K<K6W84)?%\M>W7ZSFFY35S/RYQX?
M,?L="+BP(0````````>9_P!37Z<];]07;G!XU%FM5MQO'M-/R!_!,BR2+8R<
M)OJ3+RI$Y%BF:*H:VUR*N:9DT$:773XD6:J*YZEI<5U,KJQ_K&RK^WY,\BW:
M^99N12G%-*7NUZ91ZFHU]YIIM55'54H[/#R;,;7W>_+I2DVI4;6M$TTM::)I
MI/GIKIC9]+KZ0EKV3;B6N_N]6XN&YWNPG&KK$L`QG;4LDDXAAL'*8GR[)<FN
ML@RO'<4M+C)YE&Z_6QH<>"F%%9E/O*?D.*:2SDW#/O;D[5F./*UB1FI/J<7*
M;CK%)1E)**=)-MU;25$JLS7\O'MV;D+-SKNS5*I-**?'XDFVUHM**M:\CW#&
M$I@````":X-S^ON$H^_C%YS%P^)"(Q/*\?V>GK^H:]YG5=KEIPG'ZR\\O-K<
M8]\)',.;&^@`````````$B;T/$Y?`^9O(J_0]>!D]6V>I::>)''+^4.0(Z``
M``"OM4\1F.Q(N;)5;ZM'5BQF(9SYJXYGHF2ZSZB(W'8=/[!J7S+(C,DZ:&?M
M`??RJD5Q;RB*DO9*J[9ISP+[L:-,1XZ_>#T@_544'@;>44*DF6OXB;AI1:^7
M+\I6?A[=#'GI!^?(&#3S(R3'5Z'IR^HL6U?IT?JVB,A[Z0/R]JDE(N\=7J9E
MI\S)M1:>U+S+1Z&%`#QY*322[_'4:D1F93WG201^)*-B([J9:>!:F%.\'%/K
MJ:H?5%M,G@MRD-1WEQX=?;S%$U*CHEQU)<7"BQSZL=U"M.<C(U:'IQ%KB[)N
M.9:A?L64[,JT;E%<'1Z5KQKR*W)W;`Q;D[-Z\_FQXI)OBJK6E.'>?DS),/\`
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MC(_G4G@>O%$<RX>TC9,C(/Z+M?\`R4/;^,?U;<?^;F<B<[R7P=D5\I)Z\R)=
M'1R"41EH9&;E<:R2?L(R+489>7]HE_\`2)>$I+^\98[YND?_`*JOC&/XB2T>
M5278UW9RZNC915U;_1F1*_T4E-K8I.%6MLE%>;8YC=<6X9&V9$VVO330C*MR
M-@V^U?PXV%/YLKBTK5=,=9-U791<>+186-ZS;EG+E><?EQMO6E'U2TBE1]M7
MPX)EJAMAK0`````````````9-;6[=M0&(N37+2'9\AMJ351C/F1!8=02VY;A
M%\*ICR%$:2X])/\`//X=$W_>I7IW,#%DU9BVIO[37%+N7/M\..Y;)M,;489N
M0D[K2<5]E/GXOEV>/"ZMQDU#C_3^<6D6"IXM6FG%*6^M)'H:TL-)<>-LCX&K
MEY=?,:_C8.9F=7W;'E-+BUP];HB]R,S%Q*?>+\8M\%S]2U*E!GP[.(S.KY+,
MR)(2:F9#"R6VLB4:5$1EX*0M)I41Z&E1&1D1D,%VS=L7)6KT'&Y'BGQ,MJ[;
MO0C=M34K;X-';&,R`````````````!__T-VSN^SV^VM[6.X;<?%CP4\CP?9W
M<#**-C<YLW=O9MI38W83H=9F;?K:U"L=M'V2C2N>1';Z;I\[K:.993MLLPR-
MQP;%SK^7.[%/H^*C:UCQU7%:,Q7Y.%F[-4JHOCP])K-]AW8M]%WN=JMD>YRY
MW4PV@W2LH-#F.X_9U"WQQ[&=HL7W8:-3V05#&TV?/6N]#&)LY!!<]%%?R*36
M3X#"$HZ\,S0K?MXW?S7M\LO;X8TY8Z;C&_\`+;FX<GUQI;K3B^E-/L94XV/@
M75;O.:4^+C72O@]?:;>`YF78```````````$8S*]+',;M;4E$E]J.IJ%KH?-
M.D?@1=$G]HD.K):B_928G[9B??<['QZ>XY5E^BM7[-/$A;AD_=,._?K[R5%^
MD]%[=?`P;,S49F9F9F9F9F>IF9\3,S/B9F8ZMPT7`YH?@]``````````````
M`````3+!-%7CS1JY5/T.2LMZD9ESJH;!7'0CTT2DS_4*+S&F]HR6N3C^\BXV
M%I;IC]ZE^ZSLCF1T$``````````D<+F5B]ZGQ2U:4+I%H7PFMJY;4LC\>/PE
M^OWAR!'VVW'G$--(6ZZZM+;;;:36M:UF24H0E)&I2E*/0B+Q`$E<B0<?^&S9
M;L;G0C^6&M90:[4B4GYDXRM#DF4>O[EM1)07VU&?PE[P\0?/S:D293D4*?F?
MB;"I)'1-NI(M)#=?T?4+U46ILJ>-HE>1I^`/0"@RI4B=(=ERW5OR'U<[KJ].
M91Z$DBT(B2E*4D1)(B(DD1$1$1#P'7````````=7/5)5E,_E3RI1%I6B3KKH
M3-'6L\/<?)J.H[`NG:,-=TO;*3.=[VZ[IE/OC^[$APN2J``````````)9:F=
M=C=#5%\+MD;V23O:9/*<@5+2N'@U$CN.E_PD5V/_`!LW+R'\,*6H^BDIOTMI
M?JDZ_P#P</%L+XIUN2]/NQ7H2;_6(F+$@@````````````!D7MKGI1,5N8]J
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MI";K']+L]/TKO,G1HAN@`````````````?_1]\OJ?=ZW=Z?<W1_3S[->V+:3
MN1M\NV"G[M;S8MO'$9GT62X!97-UCTW$VHMGN+MO1-U)0:S^--^4_(FN6#$>
M,A*T+)W=?+^T[9_3Y[WNNX7;$8WNB#AHU)).ND9.NNFE%1M]U9F9%_YRQ;%F
M,VXU:?9V<467['?IZ?2M^IMVL8_OW+[-F=C\^.[R7;_</'L`W*W4H(^+9WB:
MVXEHW35YY85(Y`EPYL.>PB96*D1U/=!TW30XMV5N^]^8O+^XSPUNGSK-%*+E
M"#K%\*NE>U:.CXKN^,?%P\NRKGR.F5:.C?%>DV;AH!;````````````8[;YW
M*C<IJ!M1DE*%VTI)&>BE+4Y$AZ^6J"0\>G\XANGE3&73DYDEK7H7TR_NFI>9
MLA]6/BIZ4ZG]"^LQ\&Y&J````````````````````$OP,R+*(1&1F3D2Z9/0
M]#(GZ.R9-1'H?%).:^_04V_KJVC,5>4?9*++79'3=,5]\O;&1W!RXZ(`````
M```%3;I;AXDFS4V;I++5!MP)3A++QU3RM'S%I[`H"2Q*29$I+IFU./2*E*JW
M(ZKF0U7DZ3#[YO:)?4EXS0ATCT)!J/P(C,2+.+D9#Z;%B<Y=R;,-W(L6%U7K
MT8KO:1"K#)8M6TY"QIQ;DEQ"FIF0J0II]25ERN1Z9I9$[!CFDS)3RM'W",].
MFG@>Z;1Y;C9Z<C<$I7>4.*7Z7:^[AX\M2W/?I7>JQ@MQM\Y<&_#L7?Q\.=<R
M8S5</N&9*-^+5R36G319R:J%(Y^&A?'U=>'M&E9,>C)OQI2DVO:;;8EU6+,F
MZU@G["@#`9@`````````#I9VDTY59)46BDHK4F1^1E502,OU&.I[%_TG"_1?
M[S.<[U_U/+\5^ZCQV^KQWU;A=CNP6$RMGH5:SNMO7E>1XICF:7-3#OZ_;ZEP
MZJI;3);R%1VT*=06>53G,E@1J]-@T_%9:]2Z;#KB&S;N<3$6X9SQKER4<:W!
M3DHMIRZFU&/4FFH^ZW*E&]%5*M?K`M6U:GD3@I3ZNF-55*B3;H]&]52NG'3A
M3S`^DM]67N=W7[FL6[;.Y#*O]<.*;N-Y-$Q?*)^/T-?FVWV95..W655LABVQ
MNHJW;W$+HZA<";!GI?*`EYJ5$<CHCO,2I>Z;58P;"S<+JATRBI1<FXRC*2B]
M)-],E6J:I6C4JU34RY"WD6[D+EN/6HMQDDDTTFZ.BU3I2CX<5P-IH0C7@```
M```)7DY]=C&;!'[J5C4&-[D/U#DBH?;T^ZH_1I</@6O4(^.NHKL#W)YUE_%&
M_)^B:4T_[5/10G9OO1PKJ^&5F*],*P?T5])%!8D$`````````````/.+ZM&^
M6[';SV'[IY_LM86>/9K:9'@NWLG.*-;C%WM_BF:SY\?(<GI9[3:UT]K-.#'I
M&)R#;?AKN.K'<:E)8<3Y9L6LO<<'%R%7'?7)Q?";@DXQ?:M7)K@^FCJJEKMB
M4?O%Y?S8I)=U7JUW\J\JFHQ]-[N1W_V@[SMDI6UV399<3-T]WL'PC/<&.VL9
MM7NU29UE=517M#E%:_(7$MYD^/.-R-,D)6_`G(:EM+0ZRE9;%O6)BW=MR9W(
MQC*S;E*$J4<'%-II\ER:X-53T98V6Y7(VW[T)NC7)I]OU/D]3^@7)0VS)?;9
M<ZC33[J&G2_I&T.*2APM-/MI(C&MP;E"$I*DFE5&MS2C.48NJ3=&9#;7;CR)
MK[.-7\CK/.)Y*JQ>5^*ZM)<(,I9_O'%)+\)9_$HRY3,S-(TS?]DA:A+.PX4B
MOCBN"_.78NU<.>BJ;9LF[SN2CAY4JR?PR?%]S^I^CC0O^-/-J```````````
M`__2V).^7Z='?'N/WH0>]SL<[H=M-B]QX>R%5LRJOSW%5VK4JM@WEW?SD/S)
MF&[DTKM=;RYD0E)73+<9].:B-6O*>X;1OFT6-JEM.[[?<O6'><ZQ=-:)?:BZ
MK7\KF5V1BY$[_P!XQ[RC+IIK_P!C^@P+[8>WCZ^GTW<%OMM-D]I.TKN*PBYS
M^_W%M84C+HZ9\S(,E*IB7LRKL<@S+8B5%:EQZQMUIIQI:&C;/E:,S)I5QN&=
MY,WZ]#(R\G)L7E!17NZ45:52C<[?])&LVMRQ8N%N$)1K7C_I1MD#FY=`````
M```````8F[T)Y<R(^91\]1!5HH]23HY*1RH+[J?AUT]IF8Z'Y8==L>G"Y+Z$
M:+YB5-P6O&VOI9:4;&4(```````````````````!+L#-19;2D@N92Y#K7+R\
MW,3T5]I2>70]34E9D*O>DGM6:G]CZT6.T-K<L1K[7TIG='*3I````=J)!F3W
M28A17Y;Q\>FPTMU1%^TKE(^5)>9GH1`#MOQZ>JU^=V[1/IUUK*;I6D[F+@;;
M[Z'4UL,]3X\SJUE^P+G#V'<<RDE:Z+7;+3U+B_53O*K*WG!Q:IW>NYV1U];X
M+UU[CS`[WOK$=LO8GE]=M;<TF:9=NM*K*J_ML5V\AT-G;8;C]XRB742LRR_*
M+.KJZ.[NZAU$Z%65L-^2N&ZT[(<BMR&%N[;M/E#Y[G<A"-R$&X]=QN,')<5"
M$4W))UBY2:54TDZ,KKNXY%^W&3N?)C)52BE*5'P;DZ)5XI)5IS1?[MF[OMK^
M\O:>%O/LKFN176/R;*3C^2464$Y5YMA&4Q(T:9*QK,:AFSMH;4Q<&:S(CR8D
MN9`F,.<S3REH>;:NEB0QKT\6_@V[=^"372DXN+K24'1:53332:?%:IO7LR&3
M:Z;GWJ=RU.NK;K7FI*KU]+37!\:7R,S49J49J4HS-2C,S,S,]3,S/B9F8DI)
M*BX%;QU?$_!Z"[&0<IRX3J%<R)%#C;R#T,OA.AKD%P/0^)(U\O$<@W!-9V:G
MQ5V?[S.GX33P\1KA\J/[J*$(A*``````````.CG:U+RVZ4H]3*0TCPT^%N+'
M;27#V)20ZMLJ2VK"2^Q];.;[NV]RRV_M?0D8:]W?:)L]WM;//;-[R,W<*%"N
MV,LPO-,3?AQ<NP/+HL.37IM:I5A&EUUG5V==+7&LJV2@V)K!H4E;$EB-)8L8
MRR,?(AEXDXJ^HN+4DW&46ZT=-51ZQDM4ZZ--I_&)EJPIVKL'*S)UTXI]J^AI
M\>ZAB5V+_2-[?>QK<"9O!69EF&\V[+=5<46(Y-E]%38G2X!69#7.T]_,Q[&:
MFQOWY&4VU-+DP%V$BP4VU`EO--1D+6;PR9>5G;BK=O*5NWC1DI=,&Y=3BZQZ
MI-+W4Z/I4=6DVZ:$B[GVE;G#'A+KDFG*5-$]'1*NK6E6^%=.9ZI#PJ0`````
M`)8C_.&&O(^T_CMPB27AJ5;>M)CO:>9H8L(#7Z#?]XKG_!W.+_(OVJ?K6W5>
MN,G^R3E_%V^2_*LW*_JS5'ZI17[1$Q8D$_4I4I1)21J4HR2E*2,U*49Z$1$7
M$S,QXVDFV]`DVTDM3M*@S$JFH..YU*TVTV31)YGJU3QF3)6+"=78!NFD^7JI
M1S:<!'AF8ER:A;R8.;X)-:^';Z"1/$RK4/F7,><8=KBUZ^PZ@DD<````````
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M/!ZKV,Z9@Y#RL3'R)+WI1U\5H_:B0"&2P`````````#_T]ZK>G=.IV/VEW%W
M@O:#+,JIMM<0O,SM,;P2JC7F9W<&A@NSY%;C%/,L*F)974IMDTQV7)3"%N&1
M&M)<1(Q,>67DV,6$XQG<DHIR=(JO-NCHNW0^+DU;A.;3:2KIQ/'K`/[1?],/
M,UQ6[W</<S:U<G0C_/\`M)E4I$9:B=Y6Y3VW#>X+"-5-I2:R4IM/42:E$DEF
MC9[WD;S!:KT6+=S]&:_O=)!CNF)+C)KQ7XJGK]LQOEM!W$X'7;G;';BXINA@
M5H\_%BY+B-JQ9P6Y\5+2IE7/0@TRJFXA)?0;\.4VS*8YT\[:>8M=9RL/*P;T
ML?+L2MWERDJ:=J[5WK0G6[D+L5.W)./<75$8^P`````````#$K>9SGS-2=-.
MC5P&_'774WW=3]G[W3]0Z)Y8C3;$^VY)_0OJ-$\Q.NXT[(1^M_66H&Q%$`!^
MD1J,DI(U*49$E)$9F9F>A$1%Q,S,>-I*KX#CHN)(HV'Y1+;ZS-#:=$R(TNNQ
M'8[2]?#D<D$TA>ON,Q!N;GMUITN9MM/])/Z*DRWMV==588EQKP:^D^G\-RN.
MGG<QVW-OQZC,%^2UIPXF['0ZV1:GIX^/`(;IMUSX,VU7ODE]-!/;L^'Q8=S]
MEOZ#YCX?E,K4VJ"U2@C(C=D0W8C!&?DI^6EEDM//57`+NZ;=959YMOT23?J5
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MX8=OTJOTU/KYT?\`Z%Q;_P!UZ+_[B,?]3W+_`)^]^W+\9]_T_`_Y*S^Q'\1^
ME=D6O-1XJLC(RT/&:9/CYDIJ(VLC+W&']3W)?_7WOVY?C']/P/\`DK7[$?Q'
M'\SB*T)S&\9<(C(R_P`U]'])&<9]@S(_>,D=XW2/#.N>EU/A[7MTN.';]5/H
M.S7VE+`G0[)O%*UJ9"?;D,.PY]S'(EM&9HU:?GS&5%J?'5)ZZ>S@,D]\W.[:
MN6+N1U6IIIIQCS[Z5,<-HV^U<MWK>/TW(NJ:E+EW5H?6F+2M?BN:A9^!&F+<
M1R]OQ$JKD)3^I9BJT+,^FJNB?=;9:OWUNO.(:;05*_JI;BB0A)?Q?BI1Z!H#
MHSG\5I)4J.]-L+R3"D/1E0XD1-=$=>CN*;63MB])?=)@UH,M6F5&HO!1:ZEL
MF'Y9S<A6KEV<869)/ME1Z\.WQ:*#*\P8EAW+=N$IW8MKL55IQ[/!,B5IE5O9
MMJBD\5?6'J2:FM(XD`D<=">;0KJ3%Z'Q6^IQ9^9C<L+:,'`4?DV4[B_*>LO7
MR]%#5,O<\S,<OFWFK;_)6D?5S]-2-BS(!J=?5Y^E[W6Y]W6YIW%["[;Y1OG@
M.\3&+6DV%A#99#F6!9538G1XK=8_?8RW(5?O4\B10^MKI\:,Y`;AR6XJUH>8
M4E4[:=UQ,+'^Y9UQ6IPE+ID](SC*3DFI<%)5I*+=:JJT:-CMM9-NW<LNKZ4F
MJZII)<.-'2J?#EQ1ZH_1K[*-VNS'M[W"3OE%9QS<?>O.,?R=[;MFT@7$C!L7
MPNEMZF@_,,NIE3:J-E>1RLDFOR83+SRX41B(E]2)*GH\>'F9<-QSXY%B+^[6
M[;@I--=;DTVTG1]*Z4DVM6W31)N'N%R$+,,=23N]74Z.O31-).FE75U7+2IZ
MZ#Y*@`"ZUVDR^2&9:$K%<74GWE\DA)U_\I)CD>Y_]1S_`/?3_>9TW;_\!A?[
MF'[J*((),``````````.CGB#;R^];5IS(F<BM/#5++1'I[M2'5MF_P"EX7Z'
MULYMNW_4<S],B0M"O``````````)7AY]2=905EK%L,>OVI1>240ZN3:QW>.J
M4J9G5[2B,_,A7;E[MJQ=7\R%ZVUZ9J#7IC)D[`UN7K3^"=F:?HBY+U2BB*"Q
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MI_PU.27@FZ>PI8D&$`````````````,LMH[N&[AL>(]+CM/5,F:PZAU]M#B6
M77W)K3JDK41DT:9!I(_#X#+R,<[\QXMV.YSN1MR<;D8M47-+I:\=/:;UL.3;
MEM\;<II2MMIU?)NM?#7V%UVW&WD)=9<0ZVLM4.-K2M"R]J5I,TJ+]`UZ491;
MC)-27:7J:DE*+33/L>'H````````?__4W<N[?:W+]\.UWN%V<P"^9QG-]T-F
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M7*RJFW&NE6N:72G752K76I.PXJ&7FPMQ:M*FG?\`A7T&P^-(+0``````````
MQMW%IJ&3EDZ796EDAYQB$7HJ^M8=Z9(AM)2IR9*G,(^/0CT2VK34;%@^8GM^
M';Q88RE*+>K?:Z\*?64.;L4<W+N9,\AQBTM$NQ4XU^H@WR+$#U+U^2-GY*]#
M6/:'J7BWZ]C74OYQ:"4O-U^NN'"GBR,_+%FFF5*O@OQGTBDP]D^=<G))Y%QZ
M)1ZRK(S+P)3Y2+8^57GHWJ0^;GF[(<:6L2$9=[;_`!'MORQ83_B9,VNY)?C*
MFW='7I-NAA1:)K3EZL-'5LG"XZF];2.I.,SU/@VIM!>22&OY>Y9N:V\C(DX]
MG"/J6A=XV!B8BI8L)/MXOUO4I3\F1*7U),AZ0X>OQONK>7Q\?B<4I7$028?C
M3[[!ZL/.LF?B;3BVS\#+Q09'X&`/IZ3)D&1R)#[YEX&\ZXZ9:\>!K4HRXF`.
M``3:\M;2)%QUN+96$9M_&HJWVV)LEE#RCG6;9J<0VZE*S-M)%Q+P(>UX`A(\
M``````````!6Z)91'YENHB--'6R[5!'P(Y;24L5I&>AZ:V4AGWZ"9M^/][S<
M;'Y2FJ^'%^RI%S;_`-VQ,B_SC%T\>7MH6J,S49J49J4HS-2C,S,S,]3,S/B9
MF8ZZDDJ+@<PXZOB?@]`````````74ME*4QCYJ,S,L8HTZGQ^%$-*4E^A*2(B
M]PY+NR2W//I_M9?2=+VUUV_#K_LH_0485Y.````````#]2DU&24D9J49)21>
M)F9Z$1>\S`%-SDS/,<EU/7_/$XN/L)Y1$7ZB(=:VG_IN#_NH_0<SW+_J&9_O
M)?2146!"``````````)7C7X$3*;$]"*+CDB*@_,WKB7#J22GPT,XTITS]Q'P
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MOHJVEXQ2[C*L92N`````.5AAV2\S'8;4Z_(=;89:06JG'75DVVVDO-2UJ(B'
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MJJ?:GS[NQKDTR8C*1P````#(?8^\EN*M,>=/J1&&2LHIF9\T=:WFV9#2==2Z
M3RG$K(N&BB4?WC&E^:\2W%6,R.EQOI??I5/Q7#PIV&V>6LF;=[$EK;2ZEW:T
M:]-:^OM,A1IIM@````````?_U=U7O=S/-MNNSON?SO;;(JO$MP,2V)W/O\,R
M>YG5U;`H<DK<1M9-1:+L+A2*>'(AS4(6PY+,HJ7R0;Q]/F%CM-JU?W3;[-^#
ME9E>@I)5;:<E546OJU[##D2E"Q>E!TDHNGJ-9SL[V\^H%O\`[*;9[P;)?78Q
MR;N7G.,PKR_V3W+FUF766`Y([\T9<P^\C9+DV=VBI<-R+RNK=QR*EWXG&FG6
MD-.N[]NE_9<++R,7+\GR6/"5%<@G%26GO*BBO[3[Z:I5-B.3=MPG;W%=;7!Z
MT[N?T&X`F/'0^])0PRB3(0RV_(2TA+[[<<W3CMO.DDG'$,&\OD)1F2>=6FFI
MCF-71*NA>',/```````````8S[CK)676)%KJVU!0K])P8Z^'M^%9#X?$$&'A
MZ``````````2*]/6+C.O'_U>07\EQ<D7\A!V`CH```````````[[YJ;Q'(UH
MUYG9N/Q'-/\`)W';&4LCX:D7J(+7'PU&Q>5X1ENBE+C&$FO'A]#91>892CMT
MDN$IQ3\./TI%M1T@T,``````````NG:D91\>,R,B/&*4RU+Q+TVFI>TM2,OU
M#DV[_P#4\[_>R^DZ7MO_`$_#_P!W'Z"CBN)P````````<\7^LQ_\>U_NB0!'
M\O\`^=F3_P#M#=?W+*2.N[;_`-.P/]S#]U',<_\`QV;_`+V?[S(Z)I$`````
M`````)8S_"X5.<+@NWR*%$(S\38IX$F4^DO<;]FR9_WHKI?Q-TM+E;LR?IG)
M)>R,B='W-MNOG<O)>B$6W[9(B8L2"``````````5"HG_`"NVK+/DZORZQA3^
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MC[((````!,,,S"1AL^9.CPV9JI4%<,FWG5M);4;S+R'C-"5*623:T-/PZZ^)
M:"LW/;8;G9MV9W7!1GU52KR:I[>/L+#;MPEMUVY=C;4G*--73FG7V<#(JGW;
MQ:=5+FV,GY5-CH+U-<XEQ]U:_!)P5-M_Q2'#\."5(^\1%\1Z7D^7-PM9"M68
M?,M2X25$OUJO3Z^57H;;C[]@W;#N7I_+N+C'B_U>WZN=%J2W&,KJ<MA.S:I3
MQ)8?5'?CRD-M2F5EQ;4XVVZ\DFWT?$A1*,CXEP42B*NS]OR-NNQM9"56JIK5
M/TT6JY_B:)^%G6,^W*Y8;HG1IZ->U\>7_:24028`!^*4E*34HR2E)&I2E&1)
M2DBU,S,^!$1#U)MI):AM)-MZ%!_-6,Z<WY@I^7U/H^?YC$Y/4\O/T>;J\O/R
M^_02_P"GYU:?<[M>FOPOAV\"+]^PZ5^]VZ5I\2X]G$__UMJ3NHO.^7)=RM_]
ML\8[:]D.X;LYL.US*FJ^BL,KBP,VS#?!=>:VMILOANYQ63HM7ES#_1(VZUJ(
MU#>;?5.2[S,*V/;H;1;Q\+(N9]ZQNBR%5I5C&W7XX^ZU6/C6NE.9#O/(<[L%
M:C*QT=NK?8]>9J^9_L-LW5(?3OK]`+O#V:-ME7S7/NW+>7>S+Z)E95ZC.3'J
MLKPW,L%K.BI3:TI^9*;4:5FHE*;<2YT&SF94FON?G3%N]D;L+:?'MC*,GZOJ
M*B5NVOYFVW(]\6W]31OKCC9L8```````````&,^XZ"3EUB9:ZN-05J_24&.W
MP]W*@A\/B"##P]``````````)+D221'Q@B\#QJ.K]:[2V6K_`.LH.P$:````
M```````%58Y"Q[+3D$?I3JX:4^7^<3N(!P"2?CS\J73T+Q02O+477E[YG]6Q
M?E_G5\.EU_#M*G?.C^F9/7W4\>I4_#LJ6O'4#G@`````````!=2T<-R%C"C+
M33&*UO0O8TY*:(_UDC4<HWE=.Z9J_P#$?MU.D[4^K;L-_F+V:%&%86``````
M```<\7^LQ_\`'M?[HD`1[+O^=F3_`/M%=?\`XE)'7=M_Z=@?[F'[J.8Y_P#C
MLW_?3_>9'A-(@`````````!+<@2J%3XQ4.D2)3$2=;2V?OL.7,E"H[;Q>*'5
MUT)APTF6I)66ONKL-J[DY^3'6VY1@GVJ"UIW=4I+T$_+3M8^%CR5)J,I-=CF
M]*]_2HOTD2%B0```````````````")9KN%MQMG$IY^Y^YFV6UL+(I3D''9>Z
M&XV$[<1LAFLJ0AZ'0/9K?43=U*:6XE*FXINK)2B(RU,8'D6U.5J*G.Y%5:A"
M<VE^<H1ET^FA*M863?A\RW;]SM;44_!R:KZ"8+;4A+*SY5-28T>9%?:<;>C2
MX4MI+\2;#DLJ6Q+ARV%I6TZVI3;B%$I)F1D8^[5VW>@IVIJ4>[MYKN:YIZHP
M7;5RS-V[L'&:Y,^!D/@`````F&$98_B%VU/(G'H+R?3V45"B(WXRCU):"5\'
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M@^U)5]?$JKV7DW_YV1.2[&W3U<#]^2R?R_\`F'0_2?-_E&OEUO1^KU]NG+PU
M\-1Y]ZA]\^YU_B?+Z_16A[]WG]U^]_\`=_,Z/32I_]?W9^J5])KMELL?[KOJ
M&,YEW'X;OACNV>3[IV#>UVX]%CU+>VFW^%1BKXC[%C@][;5E:]&QF+Z@XLQD
MV^D;Q<2T/=_+OF3<(SVW9':L3Q)7%!=<6VE*6O"23>KI5=Q5YF%9:O975-7$
MJZ/L7@>05E@G>'VY_3=[??J!8/\`5HWZDTF=7&"5V>[</Y=D&9T.%Q<YLIU7
M.K,*J+[<6WK<FS3;UU+GS6G<B0W)'0DO$Y&.&25[/&]M>=OV;LM[RU9ZX*3C
M+I47+I5:R:BFHRY2JZ:+6I"<;]K%M9,<V5'2JK6E>S75KFC>3A3(MC#B6$)Y
M$F%.C,3(DAO4VWXLEI#\=YLS(C-#K2R47N,<B:<6XM:HV'CJ=D>`````````
M``QFW&7S9=9)TTZ;<!!^_6!&<U+]3F@^'Q!!QX>@`````````$AOU&;>/D9F
M9)QZ&E)>PO4SE:%[N91G^L.P$>```````````#,)9PFX>,L?"W$;C6-HLO\`
M?=K-BMOH(U>;-?$?2T@O#G-Q7'F(=!\L8$+.+]]DJW;M:=T4Z>UJK[J&D>8<
MV5W)^YQTM6Z-]\FJ^Q.B])!!M)KH`````````!="P_J&,_\`LW!_NR9HY3O7
M_5<W],Z1M/\`TW$_0*4*LL0````````YXO\`68_^/:_W1(`C^7D999DY&1D?
MYAN3T,M."K&29'Q\C(]2]PZ[MNNW8'^YA^ZCF.X?X_-_WL_WF1T32(``````
M``$IQ-IM$V;;OMH<8Q^LEVO*ZDEM+FI)$.I0LC^%1':RV5&D]>9*3X::BOW&
M3=JUC0DU.]<4-./3QG_84O63<&*5RY?DDXVH.6O"O"/]IHC;[[\I]V3)=<?D
M/N+=>>=6I;KKJU&I:UK49J4I2CU,S$Z$(6X1A"*4$J)+@D0Y2E.4ISDW-NK;
MXMG$/H\```````````````-"WZQL_=F9]1/N,C[L.6IJK<I9@[9QYRG/EL;9
M<J^*]M4>.-\J(C=5+Q!Z,^Z;):+GNR5/&<DWC.^\O*U_2L=VZ?,=?F=OS*OK
MKWJ55X4II0V6]I)*/\M173V=--*>@V-/H+S=UYG8.VG<)5F[AT'>;.H&R3UP
M:^N6"-U6+R,@BTG422EXE%W#DVGIE:J05BN>A!D2#25-N*LK>,I6>+M0<Z<.
MNLJ5_.Z%&O=TUY$'<?\`#XKE\=94[>G3V5K3OJ>SPQ%0``````````"(S,B(
MC,S/0B+B9F?@1%[1X#+;\C'_`*L/RUTB^9>@^8::%S_.>?U_2YO;U/X?F_8'
M._ZK_P#WWW[J_@=?3^I\-?[WB;Y_37_1?N?3_&Z.K]?XJ?W?`__0V/NZ_OW[
M]=CMYMS]NX7TI\Z[I>W!*X=1CN<[<WUC;3<TQ:ZQZO\`S#\VPVGP/<SUZ&YL
MB?"7`?C1"D-MI)>B'24O;=MV;9LS%Q[[\QPQ\[BXR272T]*2<H4Y.M73T%?>
MR<FW<G'[FYVNU<UX49K>H<^CEA6\=9N#W$]D/U*>W2OB9'%R![8R[:QFYV`3
M9MN(LG:^UAYK&Q3==VEFF;+)Q69QH=CK0V:&V3,AO?\`_J+N+*Q@[O@7Y.-/
MF*JN4X5736%>.M./>57_``,9J5W'NQ5>'Y/MHS?Z2E*$I0A*4H2DDI2DB2E*
M4EHE*4EH1)(BX$.+FRGT```````````,6\[_`.=ES_CV?_LD<?#X@B0\/0``
M```````"19"24E1))7,:<=K35Y:*<5(>Y?U$X0]?($='@``````````.IGFG
MYGEJ(M.I!H75$6NG.]C]6ZO34S/0UK,=1\OMO9\-OLE[)R.=[XDMTRJ?F_N1
M(>+DJ@`````````"ZUT1MIHV5<W,SC&/)42BT-*G:UF2I'*?%/*;^FGM')-T
MEU;EG-</FR]C9TW;X].!AK_PH_0BB"`3`````````Y&5DV\TXK4R0XA9D7B9
M)42CTU,BUT(`4K.?^>&2_P"F9W^[J'6MJ_Z;@_[J/T',]R_ZAF?[R7TD5%@0
M@````````EC.L/#)SOV'+N\AQ&^;@;L*HC/RI72+Q4@IDV/S'X:I(O'72NE_
M%W.U'C&U:D_"4VDJ_JQE3Q)T?X>W79<'<NI>*@FW[7$B8L2"````````````
M````!;7<K9;9;>A-&G>79O:?=Q6,]0L<?W,VZQ'-YE"R\XMY^'43\BJ+"=!J
MY+[AN/0VW"B/.Z+<:4LB,L/R4ISN6KERW.7Q.$Y0ZO'I:3?>]4M$Z$NUG9-F
M"MQFG!<%)*5/"J=/!:=Q<2+&B0(-=5UL&!55-/`B5--3U$"'4TU-4P&DL0*F
MFJ*YB+6U-7!822&(T=IMEI!$E"2+@/JW:MVHN-N-$W5\VV^+;>K;YMMMF"[>
MNWYNY=FY3_#1+@EW+0YAD,8`````````!<;:['#O\IBN.M\T"H--E+,R(T*6
MTK^#8/4C(^M)(C,C\4(4*3?\W[G@7(Q?\:Y[J]/Q/T+VM%OLF']ZS8.2_A6_
M>?HX+TOV)F8PYH=!/__1VGN\/M>DT>:=P7>Q([X=[^W+&&.TS,=N[ZOHH^4Y
M=@VV2X$%Z9&WFI<.QB[@W4ZWQ1+?K4UT!E,J3-2IQ$A)N.-KV/:]P4[6%M*V
MBS?N?>8R3=(RGK\#DTU27"KT2Y$*_9I*[D?>)0CT-<VEWT[CPEPGN$[QH["8
MFPO]H"[*MV*=]ER.6/\`=;5U&U\^]8.*_']!*7NSMAEUZW)DNI<2E!V+/J%$
MUU'#2[RC<+V%M;=<SR7EVI=MEN=._P!R<5[.WL*Z-V__`-WN5N2_.T^E,W-!
MRPO@```````````,6<W7SY7='III*2C_`&MAEO7]?+J/A\6>D4'@````````
M``)%D9$EZI1J1FG':0U::\#=@MO$7$BXDAP@8(Z```````````.#.RUMX3QF
ME1R,=QQU2BTU4I-/%86:]"+XB6R9?H(=,\MRKM-E=DI+VM_6<_W^--SO/MC%
M^Q+ZB%B^*8``````````NSDI$BX>:+E_AXM7$^'FT_@ZJ%%T(U?$>G1\?,<<
MRI]>3D3[9R?K;.IX\>BQ9AV02]2*",!F``````````*=G/\`SPR7_3,[_=U#
MK6U?]-P?]U'Z#F>Y?]0S/]Y+Z2*BP(0``````%0J:UZWLH58PI*')DA#).KU
MZ;*#/5U]W3B33#1*6H_)*3&#(OQQK%V_-5C%5IS?8EWMZ(RV+,LB];LQ=')T
MKV=K?<EJSO9!9L3Y34>`E;=/5L%`J6EEHLX[:E*<EOIX%ZJPD*4\Y[%+Y?!)
M#%AV)V;<IWFGDW'U3??R2[HJD5X5YF7+O1NSC"TJ8\%TQ7=VOODZM^-.101,
M(H`````````````````````````````!]MMN/.-LLH6ZZZM#;3;:36MQQ:B2
MA"$)(U*6M1D1$7$S'S*2C%RDTHI5;/4G)J,5639F?M[B98G0-1WDI^9S33+L
MUD9*-+RDZ-Q246I&B(V?+P,R-9J47!0YCO.X/<<R4XO^!#2/AS?I>OA1<CHF
MTX/W'%C"2_CRUEX\EZ/IJ^9.A4EF?__2WC.Y*YF8[L%O!>U^S1=Q$ZIV]R>?
M%V*4PQ)3NT_'K'W&\"5'DT&51WBR0R],:5ULY)\_%ES[)R\""GFXL)97R$YI
M?,^QK\7%<./%>)CNNEN;5OJ=.';W<S26[T\LVFWZP_'L%VL^A9NUVQ]S\C/L
M+L*,H&U61XGB\ZOC6Q+O<5M\7QG`-O%Y!5Y/6R/2&DX$%<<WDR$2&E,(Y^L[
M3;R<.[.]D>;[61M_1).LTW6FC3<I4:>O%UX4U*"_*%R*C#;I0O57+3PX(WRH
M#LI^#"?G1"@3GHD=V9`3(1,3"E.,H7(B)EMH;;E%&>,T$XE*27R\Q$6N@XY)
M)-I.JJ;&N&O$[8\``````````!B?EB^IDUZKFYM+.6C7_%.J:Y?_`!>33]0^
M'Q9Z1X>```````````D63Z)L8[):GZ>EQ]DS/3XN6D@*(^'N67ZP8(Z`````
M``````.OFY&5A4D9&1_EJC/0RTX*B\R3X^1D>I>X=)\L_P#2H?IR-!\P_P#4
MI_H1(8-A*0````````.>*SZF5&CEJ9OOLL\#(C_%<2C@:OA(_B\^`^+DNBW.
M?8F_4CZA'KG"':TO670R=TGLBO'"TY?FLY"3(]2-#<AQM!E[C2@OT#C+XLZL
M4,>'H`````````!TL]Y/SCD)M_878NND?'CUDH=,^/$M37KIY#J^SMO:\)O_
M`&:]FAS7=4EN.8E]MG0@XMD%E&;F0:N1(BO*6EIY)M)0XIM9MN$CG<2:N59&
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MP\6O??HCI^LB)"Q((``````````````````````````'*PR])>:CQVUO/ON(
M999;2:W'77%$AMM"2U-2UJ,B(B\3'S*481E.<DH)5;?)(]C&4Y1A!-R;HEVL
MN[&V2RMY#3C\NEB<Z>9;+DF6X^R9D9\BR9@K84HC\>5PR]YC7)^:=OBY*%N[
M*G.B2?KE7V%_#RWG247*Y;C7E5U7JC3VDAA[$.&9'/R)"2+35N'7J69EJ>NC
MSTI'+P_V,_'W<85SS:N%G"?BY?4E]9+M^6'_`-[EKT1^MOZBYF,[<8UB[J9<
M5AZ;8(UY)]@M#SS/,1D?IVVVVH[)Z'IS$CGTX<PHL[>\[/B[=R:C9?Y,=$_%
MZM^NG<7.'M&'A25R$7*[]J6K7AP2]5>\GHJ"T``__]/U<^I539SW*?5PP+MH
MG]Z>5=GV`X)VA(W4P+)*/-UX96ENO+S6^C1'%*7E&+,S;NW>8@J<-#YRO0U'
M)'2A7.Z.B;!.S@>6KV?':HY5Z>5T23CU/HZ5W/1:\J5EJ4^6I7<V-IY#A%0J
MM::U/.O%.X#ORI^UC%OK27W>EN=?Y)7]R]'M;E7;FM<Z-M!D>V-<FMH;&K_*
M[-VWB,61<283ANLM531$M_US<AJ>@GE7ES"V>>XW/*D-JMQMO'<U=_+4W5IU
MIU:>/*E''0BQNY*LK/=]M]=.GE3Z#>P''S8@```````````,0[USJWERZ>FK
MEK8N'R_9^.6\KX>)\./`8WQ9Z4H```````````2+*]2O923T(VF*UG0M-$DQ
M5PV21PX?`2-/U#U@CH\``````````!UL[T3>,L\W,J/18TRL]#(N8J&O7PU\
MC2LC_6.F^7$UM&,^UR_>:.?;\Z[I?78H_NHAHO2G````````"OXJQZK)\=CZ
M:D[=U:5EH1_A^M8-P]%<#T01GIYB'N$_EX&;/LM3_=9*P8]>;B1Y.[']Y$FG
M.]>;,?UUZTJ0[KKS:]1Y:]>8N"M=?'S'(3IYU0``````````!T,Z(TY;>)46
MBDS"2HO8I++1*(_>1D.K[-_TO"_0_&<VW;_J.9^F,F_"AXE#+@F/C##QIX<'
M+&SM+!1GH:C+F;DHX'^G0M=!]8/O7=QN<W?:]$8PC]3/G,]VW@6^RRG^U*4O
MH:(RU(D,?N'WF=%$HNDZMO11::*^!1?$6GB)TH0G\<$_%5(492C\,FO`J;.1
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M+MT22UYLI`DF``````````````````````````J=52VUY(*+4P),]\S(C2PV
M:D-DK713[Q\K,=!Z?:6I*?>(^1E8^+#YF1>C"/>^/@N+]!FL8U_)GT6+3E+N
M^M\%Z3(_;_:M6/RV;N]>9?LF4F<.#'_$CPUK2:3>>>4DNO)0E1DDDER(/B1J
M/0RTG>/,"S+<L7$BU8?&3T<NY+DO'5]BY[?M6QO%N1R<J2=Y<$N"[V^;]B[^
M5ZAJYL8``````'__U-N;NX^E5V0][N8M;C]P&U5E?;CQL:A8C#SBAW`S[%K:
M)C]:]:2JZ`FLILCCXI*]%,MWWD.2*YYWF5RJ4IO5!WFV>8]WVBT[&%DJ-CJZ
MNEQBU5TKJU7ER9%OX>/D2Z[L*SI2M7_V'F#GG]F&[,[F)/C[<[V]RNW3=@\T
M^]42\BPG,L5ZL=TE15JJ).%4EM)7&:<=0A3UDZI)J(R,M%$O8+/^8&ZP<7?Q
M,>Y3G247Z^IKV$26T6'\%R:]37T&R@-#+4```````````##>:OJ3);G`N>2^
MOAQ+XG5JX'[.(QGIU@`````````?I$:C)*2,S,R(B(M3,SX$1$7$S,P!(,LT
M_,ERE/V6YSK)<=3T9T:(S/AQ,D<1Z^+!'AX``````````#J9X?\`ZTST\O)T
MXU.R2>/!+%)7,I(^8S/7E;X^\=2V!=.T8:[I>V4F<ZWMUW3*??']U$/%P58`
M```````2[!$ZY94.?Y,N7-U,DGIZ&!*F\WQ?"7+T-=?+345.^3Z-JS9?FT];
M2^LLMGAU[EB+\ZOJ3?U'='*SHX`````````!RL-]9YEKC^*ZVW\):J^-9)^$
MN.I\>``HF9N=7+LF7III>VC?CKKTICS7-KH7VN37W:CK>V1Z=NP5_P"##VQ3
M.9;BZY^:_P#Q9?2SFS/1%PS%2>J(%)CD)/'S9HJ\W?)):]=:M3(B(SX^8^=L
MUQI7'QG=N2]=R5/90^MQTR(PY1M6UZH1^LB@L2"`````````````````````
M`````````<\:+)FOM18D=Z5)>42&6([:WGG5GX)0VV2EJ/\`00^+ER%J$KER
M:C!<6W1+TGU"$[DHPMQ<IO@EJV7UQ+9A]_I3<K=.,R?*M-3%<(Y*R/B13)*=
M41R]J&^99D?VD&0U/<?,\(=5K;X]4OMOAZ%S\7IW,V;`\NRETW,Z5(_87'TO
MEX+7O1D%75E?4Q6X5;$8A16BT0RP@D)UT(C6L_M..*TXJ49J4?B9C3;U^]D7
M)7;]QRN/F_P]AM=FS:L05NS;48+DOP]IWAB,H````````?_5V$N^JS^LWL%F
M6_7<9LKOOVIV/:+AM+)SRKVZW0Q_I97A&(XOBM7,REF;*J=MJBPNC=L*N=(8
M+\QS)3J972025$RA.X[/'RKFVL/!R\/)6YS?2Y0>DI-NG&32T:7PI:5[2NR'
MGVI7+MNY#Y"UH^*7J^LPII?K*_5EP'8O9_N2WJ[!MF<CV2WIM*"DP+-L.S>9
M@"KJ9E:Y4?$GK>!:9[N998;$RAYI)Q)=I!APY&A<BDE(8%M/RMY;O9F5@8F\
MW8Y=I-RC*/52GQ4:C!2IS2;:]#(ZSLV-N%VYC1=N7!IT\.;H;7@YP7(`````
M````!QNKZ33KFFO3;6O0STUY$FK37RUT`&&0QGH`````````!W*YOJV$%K0S
MZLR,WH7B?.^A.A>_B`.U?.=6\NG>'XEM8N<#U+XYCRN!^9<0?%@I(```````
M````Z&=_\[[Y/-S].<IDU<=.9AMME1%S$1Z)4@R+W$.K[,G':\)-?D+VZG-=
MU==QS'7\M^S0B8LR`````````$TP4N6UL)/@</';]U*M$_`MZN>@H41J/0CY
MY9%YZZZ>8H/,L^G:KL?M2BO;7ZBZ\OPZMRMO[,9/V4^LYQS0W\``````````
MJE(UU[JH9TUZUI`:T,]->I+:1IJ7$O$$""VBE3KRQ4CE-4RVEJ09$HDFJ1,<
M-.A:*42=5^\QV''2M8EA/A&VO8D<MOMW<F\UQE<?M94\V<)S+<BY=>5FUEQ$
MZZZ\L)PXB2/4S,]"8&#:H].W85>+MI_M*OUF;<GU9^7W7&O4Z?41<6!"````
M````````````````````````"\F)[/V=RRQ87;ZJ>"[HM$5+?-9OM'H9*-#A
M=*&EPC^$UDM?M1H9&-9W'S)8QI3LXL/F75S_`"4_IEZ*+O-AP/+][(C&[DR^
M7:?+\IKZ%Z:ON,AL?Q6BQECHU$!MA2DD3TI>KTR1IIQ>DN:N&DSX\I:((_!)
M#3,S<,O/GU9-UM<EP2\%]?'O-LQ<'%PH]./:2?-\6_%_5P[B1"$2P```````
M````/__6WH-^-L<'WJV4W9VCW+E/0=OMR-O,NPS,K&-8L5$FKQS(*.;76MK&
MM92'(E=)JXCZI#;[R5LM+;)3B5()23DX>1>Q,O&R<=5OVYQE%4K5IU2ISKP/
MBY"-RW.$_A::9J#X'VE=VG>%@/\`W>.V/U..T[?CL4V9R[`&\CO\5<=<W0H<
M$_-4Z/@V..1T8/,CW,E%I7J*EA,Y/,K%R&HS)3^BAIE/3;VY;;M=[^MY'E_)
ML[Q=C*B?P.5/>?Q::/WGT)TJZ5JRCC8OWX_=89<)8\6N'&G+EZM3=%@0VZ^#
M"@-.2'FH,2/#;=EO+DRG6XS*&4.29#AFY(D+2C5:U?$M1F9\3'*I/J;EVLOU
MHJ';'@````````"G6Z^E4VCG#\.NFKXGH7P1G5<3\BX`^#!A^,9Z````````
M``5O&FNMD-&V9$9*MJ_F(S,M4)E-*66I<2,T),%Q0*7*=ZTF0]KKU7W7==--
M>HXI>NGEX@#@`````````!RLH)QYIM6O*MUM"M/'12R(]/?H8`HN:.$YEV3*
M(C+2]M&]#]K4QUHS_09HU'6]K73MN"O_``H^V*9S+<77/S7_`.++Z61D3R&`
M````2QBKH8U16V-S(MR=M5SCCLUK$)Q"(\)Y$?J.JE/MJYG'N<BT+3X173R,
MNYDW[&+"WTVU&KDY<9*NE$^"IZR?&QBPQ[-[(G<ZIN5%%+@G36K7%U]0)G!E
MFC_..5,:Z$OFIZE]*3,_M<Z;IE1I(O'X-?TAU;LJ_P`''?Z\U_<?TGG3MCI2
M]?7ZD7_?7T%<HGL.J"M5%D-FZY85;E:WUL<)@F3=EPY*WR-JWF<_X<4T:?#]
MO77@*O=\7=-RQH8ZQ;<*34JJY7@FJ4<(]M?06.UY&W8%^5]Y$Y5@XTZ*<6G7
M24NSVG*18PK7ERV(C3S?J+Q&I>[H09/'VZZ#5Y>6]W7#&3_6C];1L2W[:WQR
M&OU9?B/OT54K7I97CKG]\[:,'R^1GZBJ:3K[B,S(8);%NT>.'+T-/Z&95O&V
M2X9<?4U]*.0JAM>O3OL7<T]N05S'`]=#+U3L<S\/#Q+S(89;5N4>.!=]$6_H
M1F6XX$N&;:_:2^EG)^7+(]3;55OD1Z:Q[VD?X'KRJY6[!2R2HBX&9$,$L/+C
M\6+<7C%_B,JRL67PY-M_K+\9R%BF1'KR5,I[E/17IR1(TUUT/\!;GPGIP/P,
M8)0G'XH->@S*49?#),Z[F.Y`SKU*.W01'R\QUTODU]A+Z/*>ON,?-'V'T=)R
MOL&M>K!F-Z'RGU(SR-#]A\R"T/@`*KBY=/(JM;B=/32O5+2O1&A0T+E*YC47
MP:$SQ/3@/NW%SG""XMI'S.2A&4GP2J0#&V53<EHF%:K.3=UJ'#/F,S)R<R3B
ME&GXM"29F9^1<1US.DK6#ES6G3:E[(LYCAQ^9F8L7K6Y']Y'2MG_`%5K922\
M)%A,?\OZ:0XYY&9?>\C,9<>'R\>Q;^S"*]21COS^9?O3^U-OULIXS&(`````
M`````````````````````#(':/!(<R.64W$<I!>H--/'>+5G6.KE<GK0?PNF
M3Y&ALE<$J0:M#/E,M.\Q[M<MS>!C3II[[7'7\GNTU?BEVFU;#MENY#[[D0KK
M[B?#3\KOUT7@WV&18THVX```````````````_]?=I[P]I<FWY[4NX[97"[%F
MIR_=/93<G!,8G2I#D2$B^R7$[2KJF;"4T9.1JV9-DH9DN$2N1AQ9\JM.4Y^U
MY-O#W+!R[L:VK=V,GX)ING?V&*_!W+-VW%^\XM&B,Y96$=[=7LZVG[,][]F.
M[7-<9[$<(V^PG'*R75N8MW`]MV:7"]RM\,BN8L^$_:4N81I[DJ+9RV9$)M^?
MZYU]+<%F8OL'3%K&W3)W6S=VV$LB4I-UK;NQ71;2IHXTHTJ/2B6K1KM7[]B%
MB4;S4$E^=%ZOT_Z3^AY7(G-5\%NS?9DV3<.*BPDQVS9CR)R&$)EOL,F9FTRZ
M^2E)2?V4F1#B,J=3Z5[M=#9UP5>)W!X`````````H&5.=+&KU7#C53F_B/0O
MQHZVO=Q^/A[QX^#!B:/@]``````````)%BGPW\%SC_#IF2M25RF7I($J3S<W
M'EY>EKKXD/5Q!'1X``````````"H5+/J+6L8TUZ]A"9TTUUZDEM&FG#77F`$
M+R"04N_NY1'J4FWLI!'PXD]-><U^$S3QYO+@.PX</EX>);^S;BO5%(Y;ES^9
ME9,^VY)^MLI`DF``````EF4?@L8O!3P3$Q>"ZI/#@[:R9MPI7@1ZK;GH_5_*
M*[`]Z>?=?&5^2]$%&']UD[-]V.%:7Y-B+],FY_WD1,6)!``````````.XW8V
M#6O2G3&M="/IRGT:D7@1\JRUT&*5FS+XK47XI'VKMV/PW)+TLJ+>49,SKTLB
MO6M="/IV]@C4B\"/ED%KH,,L#!E\6%:?C"/XC,LW-C\.7=7Z\OQDOQG+,EF2
MK!$^[L9D2/CV12G(\J4IYM:V:6:4?4WN<TK*2M!D9<>;05F?MV#;MV':Q(1N
M.];2:5&JSC7AW5]!886=FW)WE<R9RMJS<;3=>$'3CWT(]@_#*:E[_)%RK#70
MCT^709,[FT,TEHGT^O'@7GP$W=?^GY$?M)1_:DH_61-M_P`=8E]EN7[*<OJ(
MH+$@@``````````````````````````<T=AV5(8C,IYWI#S3#2"\5.O+2VVD
MO[Y:B(?$YQMPG<DZ1BFWX(^H1E.<8159-I+Q9GK45S-15U]6QITH$1B*D]-.
M?HMI0IQ7\]U1&H_:9F.19-^63D7LB?Q3DWZWP]!U#'LQQ[%JQ'X812]7/TE1
M&$S```````````````'_T,V_J";G=L.-=_&_\%'U4^^GLEW7C9-B:<PJ\6PK
M/,VV4K;`\+Q-Z/\`EVJVKSR@O)U$[5+B/RH\J,LUR"D%RN)6A(ZCLN/N%S9L
M*7_IW#R\;I?2W*,;C74^+G%JM:T:?"A19,[*R;O_`!ERW.NNC:X+L90-O^YG
MO%A$PGM]_M`W9ON;7):2IBI[KZ%C:&PM&T05N-1Y$W=[:G*+R'.6X2R2D[..
MIQY+:77-7#07W?V_:W7[[Y*RK<NVR^M+]B:7L?,\C=O_`/=;G;:_.T^E&YX.
M5E\``````````1K,'8C.-6JYQ/JBFRVTZ492$/F3\AEE/34XVXV1\[A>*3+3
MV>(\?`&.O3Q1S@4N_BF9<#7!KYB$F9>*C1.AJ-*5>Q.IE[!\Z'H^6T"_W62D
MC7_+*><UIP(RYO2+GZ<>!Z:_K#3M`.@85Q8R+'WB/7E)4F;$7H1$9<Q3($=*
M3,OYQ\>'B%.\`\7LE:G'=J9A%KQB7E0Z?#^8<U+NIEQTY=2+QT'E`?*\5R-*
M345-/=21Z&<9A4HM=2+0CC=77Q_DX^`]H^P%.>J[./KUZZ<QIX]:)(;TXZ<>
M=M/GP'@.@9:<#X&7`R/R`$BQOX)%G(X$<:@NUI5P(TK>@N0T*29^"B7*+PXG
MX>8]0(Z/```````````5_%^4L@JW5$1IBR#FJ(]=-(+;DPSX$9\"8\B,Q]VX
M.Y<A!<6TO6?$Y*$)S?!)OU%IE*4M2EJ,U*4HU*,_$U*/4S/WF9CLR2227`Y2
MW5MOB?@]````?I$:C)*2-2E&1)21&9F9GH1$1<3,S'C:2J^`XZ+B2K-S(LHM
M(Z3(T5YQ*I.AF9$FI@QJW0C,B\#B_P`OM\17[5_@+$WQG6?[<G+ZR=N5/OMZ
M"X0I']F*C]1%!8D$`````````````)CB<=]V/ECK#+SZVL7D-(2RA3CAKF65
M7%-)(0E;AZQW'#/0O!)ZF1"LW&<(SVZ,Y))Y">OYL9/Z4BPP8R<,^48MM6&M
M.^45]#9QXFE3$VY?6DT.0<8R-PN<B2IMU^L>@(,R7]E1+F$6FFIZZ>8]W%J=
MK%@G6,[]OTI24O[IY@IQN9$FJ.-FY[8N/UD2%D0`````````````````````
M``````)=@32'LRQM#A:I*UC.EX?;95UFSXZ^#C9"MW>3CMF<X\?EM>O1^PG[
M7%2W'#3X?,3]6IF\.5G20````````````````/_1W2>]*XVIVY[;M[=\MS]G
M,*WG@[.[5YEGB,2R[',;NF[U6*T=E;0J(Y>0U5NS71)\PNFMXF7N@AY;B6G%
M?`JRVJ.3?S\3#Q\J=IW;D8]46U2K2KHU6AAR'"%JY<G;4E%-T?<:<N9[CRLB
M7N)=;S_0S[-)N+;>5';W?[B_ZF\KE]O=G@M-W35#L_99_)+?"\LUKG,MCM-M
MOR406VZ>;JW8*C/R&R/J-JPK?R(8OF_*5R;N*/6OF*3LNERBE'6G97WE\-4B
MBE.O4[FWVZ+IK1]-.KAP[?9S-\D<<-C``````````()N0YR8E.3KIUGX+>FF
MO-I+:>TUT/3]UK^H>/@#&D?!Z`````?2%K;/F0I2%>',A1I/CX\2,C`%2:N[
MICBQ;V;/^*GRF_'37[+I>.@`[WYLR$_WEH](X:?Q2&)?#7F(OXIIWP/P]@]J
MP<K66V39.\T6E>-]I3#RETE8TIUA2DK4TXN+&CJ4V:DE\.NG#VA4'$5Y!66D
MG&:1PN'Q,*M8:SXGXFQ9$CP/3[/Z=0]`!3\<7P=Q^4UKIJJ)=N(-/B1FE,J#
M+(^!ZZ&?B7CH/-`=Y<'%OEK%DI601FY$V1";:UKIKA'%CQGG7=>2O2M!'+21
M>''4O>/=`='T.-N<6KZ:SKX)FTAER\-=%.0["7J>I>20T[0#I(+FIQLFI7"+
M7X7TVL-P^)>3];T_`]?M:>1:CST@?EF:OA&FT<L_V6+VK2O37EUY),F.O373
MR\Q[0'Y^5,B,C4W527R(M=8IM3.''_)7'O-)E^G@%&#L5U7:UY7,J366$9<7
M';PVO40I+1D])KG836A.,_$HCF:Z:'J7CPXE.VR"GN.$I:1^;&OH=2'N$G'!
MS&EK\N7M5"SBDJ0HTK2I*DGH:5$:5$?L,CT,C'6DTU5/0YDTUHUJ?@]````5
MO&HGK\AHH9EJF3;US*R/0RZ:Y;1.&9'P,B;U,1<ZY\K"R[O.-N3]CH2,.W\W
M+QK;X2N17M1U+:7Z^ULYVO-ZVPFR]>/'U,EQ[7B9GQY_:8^\:W\G'L6OLPBO
M4DCXOW/FW[UW[4V_6ZE/&<Q`````````````!<'#G7HM-E,R.ZZP\2J*&AUE
MQ33B?42I<HR)3>BRYBK_`&D7#CQT&G>;ITM84.V4GZDOQFT^6(5N9D^R,5ZV
M_P`17$97?I2I#M@J:VMLV7&[)B-9)=9,R-3+GKV9"E-K,N):\1I4+MVVT[=R
M46G71M:]OB;;.W;FFIP335-573L.FJ=5R.$W%L??(SU4J,S,JG-==?A^5S8C
M*?T<FGNT%E:WS=;5.G-F_&DOWDR!<VC;;OQ8D5X5C^ZT==43#W^#E-;0CX?'
M7W;;B2/@7[F?6R5&6IF?[S7@1>TQ.M^:=RA\:MS\8M?0T0I^7-OE\+N1\'^-
M,X%8_B+W!NUR""H_`WZROGH3]DS(U,V,%:O,OLEY'[A-AYONK^9A1?A)KZ4R
M+/RQ:?\`+RY+QBG]#1PGB-0O@QEL-)GX>MJ;6/QU,M#.,U/27D>IGIH)</-V
M,_YF)->#3_$19^6+Z^#*@_%-?C.%6$2#_<Y!C$CP^S8R(WF9'PGP8AEH9?\`
MZ$)4/-.V2XJ['QBOJDR/+RYN$>#MR\&_K2.)6!Y"9:L(JIB=#,SB9!1/>!Z&
M1(*Q)Q1E[B/@),?,6T2_^JH^^,OQ4(\MBW2/_P!-5=TH_C.,\%RXM>6BF/:$
M2OX;HRM4JTT4GTSKO.GXBXEJ1"1'>=KE2F;#TZ?30PRVG<8UKAS]&OT'6<P[
M+6S-*L9O^!:F:*F<XG3^_;84G^Z,JW/;I:K/L_MQ7TLQ/;\]<<*[^Q+\1T5T
M%ZVGF<I;9M/`N9=;,2G4_`M5,D7$95F8DG195MO]*/XS&\3*BJRQKB7Z+_$=
M5==8-&1.09C9F6I$N,^@S+VD2D%J0R*]9E\-V+]*,;M78_%;DO0SJ&1I,TJ(
MTJ29DI)D9&1D>AD9'Q(R,9$TU5<#XX:/B?@]`````````=ZLGO5=C`LF.+T"
M9&F-D9Z$I<9Y#I(4>A_"ODT/QU(QAOV8Y%B]8G\,XN+]*H9+-V5B]:O1^*$D
MUZ'4SHI+JOR"MC6E:\EZ-(01Z:EU&'2(NI'?01F;;[*CT47ZRU(R,^3Y6+>P
M[\\>_&DXOUKDUW,Z;C9-K+LPOV95@_8^Q]Z*L(YG```````````````/_]+;
M[^H_W0]M7;EVT[F5_<A.I+.JW/VMW5Q^BVJL[LL<LMY&(>*+9R?!L;NGH$Z'
M!N[&MNVV6%+3S]:0CII4O0A=;%M^?G9^/+`34K=R#<TJJ&NDFJZI-:^!&RKU
MJU:FKM*-/3MTX&N5W>;0=EN9=JVT?<[M9WV9+LCLKGG;GVL;+]SNQV,7^)=Q
MF[F58=1SL<L<'ILRAIW'H;1G</:Y4M%7:MG'<1!;JB2U#::9>BN[SMF5NMK<
M<G;\C9XWLN%^].U<:=J"DTU)Q]UKIGQ6NM=75IJKOPL2LPO0R'&VXQ4EI)M<
MJZ\4;CM"=<JCIE5#RY%2=57'5R'''WG'ZXX;)PGG'97\2ZMV-RJ-3GXBC/57
M'4<NGU=<^I>]5U\2\5**G`JH^3T````````+;[IN<F--IU,NM:16^!>.C,I[
M0_87X6H\EP!CL/@]```````````````)%::MT>-,'P-;5K/-/@?\38*B)49:
M$?Q(KBT\=2TX^1.P$=````!^D9I,E),R,C(R,CT,C+B1D9<2,C`'?9M[6/IZ
M>SL&---.C-DM:::Z:<CB=--3`'?_`#3D!I)+MK)DI21D29AHFEH9$1D92T/$
M>I$6NOB9:^(^XW+D'6$VGW,^90A-4G%-=YQJO7GM?5UN/S3,S/GD8]3DYQ,C
M/1UB&RYQ46IGKJ>IZZB5#<=PM_!FW4OTG]%2-+!PI_%B6F_T5^(XE2Z5[^M8
ME0N%XZQE6\!?B9^,2T0WIQ/[OL\=!+AOV[6^&8WXJ+^E,C3V;;)\<1>AR7T-
M'`<?$'>#F/3X^NA&J#?+2:>!D9I1-@325[=#/Q]W`2H>:-TC\3MR\8_B:(T_
M+VW2X*<?"7XTRJT-=C$2P79UQWS4FJKK:S;1-=@28Y'"JY3Q&X]'CQ72-*T_
M#HV>IZ<!)CY@RMQ<,"[8MI79QC55YR7:V8'LF-@]>;;O3;MQE*CIRB^Q(M`-
M_-*```````````````+AT9=/#YJB/0Y>21$'Q/4TP:R4K0]"TTYK`O$SXE[A
MHGFZ=<C#M]D&_6Z?4;CY8A2QE3[9I>I?Z3KC4#:````````````.=$F2UR].
M0^WR_9Y'7$<O][RJ+0`=E%M:MZ].SL$:Z:\DV2G73PUT<+734`=A.19`A))1
M>W"$EKHE-G-2DM3U/0B?(BU,PJ^T'9_-F2&1I5=3W$J+0T.O&\@]#)1:H=):
M=2,O'0>J4DZJ33/&DU1K0[]3:2+>>W"MFH-A$=9F*D(D5-8Z\:&(3[ZC;D'%
M3):=T9+1:5I,C(CUX";B9>9"_9C:RIQK)+XG3CS(F3C8L[5V5W'A*D6_A5>!
M90=<.9````````!(\;RJZQ67ZJIE&VE9I]3$<U<ART)/@E]G4B,R+4B6DTN)
M(ST46IB#G;?B[A;^7D6ZM<&OB7@_JX/FB7AYV1@W.NQ.B?%/@_%?7Q7)F6^&
M9I7YE7JD1TG&G1N1$^`M:5+86M.J7&E%H;L5TR,D+T(]2,C(C(<ZW/:[VV7E
M";ZK4OAEV]S[&N:-]V[<;6X6G."Z;D?BCV?C3Y,F0K"P`````````````#__
MT]N3ZHNPW;-O'V?;UY)W+XBU;TFT>TNZ&9X[F-910;O/=O)K6+.RI=UMXF>M
MF,UD<I=3&0VAYUJ*\ZVV3ZT-I-:;SR]F;AB[IB6\"[2=V["+BW2,M>$J<M7W
M]A%S+=JY8N.['2,6Z\UX&MMD.U?]GZV8R[LXVVW.VH[@G\DW$V3V)W0S+<MV
MUS:GQ&%&SFJJCI,@[@,7M-Q)<C$G<VD/)FV\3&83E=`9E,^G5T'>8;Y;R?.N
M5:W2_CY-CY<+UR$84BY>ZW56VHZ]/"+FZNCKJBJ<-MMRL0G"57%-O6FOVE72
MO.ANM-MMLMMLLMH:::0EMIIM*4-MMH224-MH21)0A"2(B(B(B(AR?CJ^)?GV
M`````````"U&[3FE16-:G\=D;FGW?PHKR=3X^)=;A^L?,@6%'R>@````````
M``````$BR/X':F*?C$H*E"D_L*DL'8K29:\#YIQF?AX_K,P1T```````````
M```%5AJZ%/E4P^!-47I4^TW+*RKX)$6I?X%UPSXZZ%[-1;[#;^9NV''LDW^R
MF_J*S>9_+VW+?;%+UM+ZRUXZF<Y``\=^]CZT6PO9QN[.V,K]L,OWVW`Q5V"Q
MN4NAS6EV_P`5PB=.BPYRL?BW<S&,YEY3E53#EEZ^*F'`C1)1>F.4;R7B9R8F
M%G[C;>18N6[6,V^ERC*;G1TK12ATQ;7NNK;6M*4K<0V^Q"$?O$INZU6D6ETU
MY-M.K[514X5/0;M<[G=I^\+9;']]-FYUHYC5K8V6-WM!D,:/#RC!LVHV*Z5=
MX?DC$*3,@+FQ8-Q#F1Y$9YQB7`FL/%TUK6RU@I>M7[N+E6U'(@D]'6,HNM)1
M>CHZ---5336NC</+Q5CN$H3ZK,JT?!IKBGWJJ\4T^Y9!#[(8````````7)AD
M;.&TK9?[[N;Z:K[7W&:B$@RUT3_0*U\?T^)#G/FF?5N<8_9M17M;^LWKRY'I
MV]O[5QOV)?4=$:V7X``````````````````5NC5TG+63PUB8[D3R-==.HJGF
M1VR,DZ&9&M\B/B7M$W;8=>X8,>V[']Y$3/ET8.9+LM2^AEJ1UTYB````````
M``7PV1J9[ES/ND\[5='A.0'%^"9,E]QAU+!$9:+)E#?.HR^R?+^T-4\U9%E8
MUG%='?E)27<E55]-:+MU[#9?+=BZ\B[D+2RH]/BW1T]%*OT=IDX-$-S`````
M````````#__4W@^Z"IVAO>V_?BF[@+--)L?:;1;A0=V;KK2([M-M])Q:S:RJ
MVB/PXL^:U8UM.IUZ,IAA^04A".DVMSE2<S;Y94,_#GA1KEJ['H7;*JHO!OC7
M2G$QWE!VKBNNEOI=?`TF<6IOI;V.Q?<QL_6?55S:YW)[AT[#8-!W#WY[=-WX
MT7&MC=C\KQW(Z/:Y%JNJRGD;B,XC4ML3"G549AJCKH4:&Q$*0E?6+D_,,<S`
MRI>7(*Q8^9+IMW8:W+B:<Z57VGI1M]4FVW0H(K#=N[!9CZY457%\$^'L7J1O
MFUE?'J:VOJHANG%K(,2OC&\X;KQQX3#<9DW75?$Z[TVRYE'Q4?$<<E)RE*3X
MMU-B2HDCO#P]````````"S>[KFC5"UQ^-RQ</CP_#3"26I>9GU>!CYER!9(?
M)Z`````````````'TE)K4E"2U4HR2DO::CT(OUF8`KV5*(\AM$$?,4:0F"1Z
MZ\(#3<(B\3^R4?33R'KX@CX\``````````````=Z8KT^'7#FO&=<4L!)<-30
MTS9SWC,M2/E);#?MT/3AQ(RV7RK;Z]RE.GP6V_6TOK*#S'/IV]1K\5Q+V-_4
M6V'1310`-3OZEOT<NZ_<#NMW-WP[;,3@;P8'OIE]GN)-@M9QAN-Y1@67Y5(5
M9Y707T#/<DQWU%+^8'Y+U;.A.2(B(#K33QL.H-L3MLW?'P<2UA9RG"=I=,9*
M$I1G%?"TX1=)4HI)T=4VJK4V-7+>2E>MW()OBG)1:?/BU55X-<N-&>UGTM^S
M#*^QSM;+;7<6XJ[/<_.L^N=S\Z@8_8MV^/8C*L:/'<:I\0KK>.10KJ;75>.$
M_/F1S<BKERE,L./-,(>=@W\AYV;=S%;E"ST1A!25)-)R;DUQ57*B3U256DW1
M5^X7K;C:Q[<U)Q;;:X5=%1/G1+5\-=.!Z,`5@````````7/>3T<>Q&.9?&=5
M-F+\>/K+NSZ?C_L3*?+3S\QR_P`PSZ]WRNQ=*]45]9T/8X].V8W:^I^N3^HI
M8I2V``````````````````"K0U=&FRV5Y-T*8Q?:^W/MZN*1<--2-M:O/]1E
MJ+?88=>[8:[)-^J+?U%7O,^C;,M]R7K:7UEKAU,YT````````%=QJ@EY-<PZ
M>'\*I"^9Y\T&M$6*W\3\EPBTX-H\",RYEF2=2,R$/.S+>!C7,FYJHK1=K?!?
MAP57R).'BW,W(MX]OB^+[%S?X<7H9M4M-!H*R+55S?3BQ4<J>;0W'5J/F<?>
M41)YWGEF:E'H1:GP(BT(<MRLF[F7[F1?E6Y)^A=B7<CI&-CVL6S"Q95(17K[
MWWLJHCF<`````````````/_5W5N]K;[*=V.T'N6VQPC#&=P\PW`V4W#Q#&<)
M?O(6,HR6[R#&I]975:<AL[*GK:5YZ3)2;<F1)989<)*G#Y",CL-IOV\;<\#(
MO7>BU"[&3E2M$FFW1)M^"53#D1<[%V$8UDXM4-7K:3,]_.V_87;O8?NU_L]M
M=O\`5>V6)Q\6>W1P[;3%\WN9E;7MV3RLBN8]/M1NLRYD#T:5U9MDW>0M9AOR
M=6UN\C?0LFUA9^9?S-M\[.S*Y*O1*;BJNFBK.&G8NEZ4140E<M6XV[VV=22I
M5*OU/Z3<G'+2]``````````+%[MN$<^G:X:HAR'/?HZ\A):^[\'@/F0+1#Y/
M0`````````````JU#']5>4\?34GK."A7]X<EOG/Q+P1J?M!<4#JV$CU4^=*U
MYO4S),C7V]9Y;FOZ^8`=,``````````````'-D2NCBE*SK\4Z[N)BB(_Z.'$
MK(K6I<W[;[FAZ>W]>Y^4+=9YMWL45ZZOZD:IYGG2&';[7)^JB^LM\-W-1```
M````````````+J7">DW11]-#CXS1$I)EH:5R82)RTF1GS$HE2^.NG'W:#DNZ
MS^9N6=*NGS9+U.ATS;8]&!AQ_P##B_6JE&%>30``````````````````[\E7
M1P^^</AZJRH8"?#XN-C/<27B9:>B2?EK[>!D-C\KPZ]SZOLVY/Z%]91>8I].
MW./VIQ7TOZBVHZ.:&``````!6Z7&[S(7R8IZZ3,,E$EQU".2,SKX&_*<Y8[/
M#]I1&?EJ(F5FXN%#KR;\8]W-^"XOU$G&P\G+ETX]ER[^2\7P1E?M_@C&'07%
MOK;DW,U*?6RD$?3:;2?,B'%-1$KHI5Q4K0C<5H9EH22+GN\;M/<[J4$XXL/A
M7:_M/O[.Q>+-YVK;([?:;DU+(EQ?9W+N[>U^"+A"F+8```````````````__
MUMG_`+Y/H\[1][6\T;N$G;[=PNRVZ\+!J/;^-.VMR7&Z_&CI,?F9)809$FK?
MQC\QNVCDK)'$NK1<M,*9;)"6DJ4IP]FVCS1D[3BO"6'8NXSFY>^FW5T7&M*:
M?9])!R,&&1<^:[DHSI33\/K,/C^D/]2S:Q12.W[ZRV]T]AA9N5^,[QU&7W]1
M"Z;S#[31R+;<C<&I>9?=)Q3J44K*/NFAPG%Z6G_J;8,C3-\K64^;@XI^R,7_
M`&C#]QRX?RL^7IK^-_0;'0T4M``````````#'O=9TUY%%;XZ,U,<M.&G,N3,
M69EY\4FDOU#XEQ!;(>'H`````````````2+%OAN$2#X)@PK6>H^/#T=9+?0?
M#B?XB$^W]!@@1T````````````````?.9*Z<7%8>NIMTK\U?L)<^WL5$6FIZ
M'T&&QT#RG;Z<&_<^U<IZDOQLTGS-.N98AR5NOK;_`!$&&U&N&"_U#.^"D["-
M@6]UWL0;W"S?+<J8P';/#)LZ55T$O(':N=<V>0Y=8P339)QC&:N#S.1H:VID
MZ7)CL(=CMK>DL>6K%[-RX8=BY\M=+G.=*M1322BGIU2;T;JDDVTW1.QP<:U<
MC<OWTW;BTE&M*MZZM:T2[-75:\3S)^G)];3-NY[N`QOMW[BMMMM,7G;G2+"L
MVUS_`&N8RJAC0,N9@3;*HQ/+<?R?*,R19P,H<B^@A38C\1^+-=8)],AMQ;C,
MK<-KN;;8^]V<J=VS%KKC/IKTMI.47&,:=/%IIIJM*/C,GBX]^$HPLJ%ZC<6F
MZ-K6C3;X\$U2CXU-AX1BB``````````+M9.GIW<MC_)&X,'30BT]#7Q8?+H1
MF1<O0TTU,RTX\1QO(G\R_>N?:DWZV=4LP^79M6_LQ2]2*`,)E```````````
M```````#L7BNEA\)L^'K<DE.D1ZES)KJR.CF(M2(TDJS,M=#X^SSV_RC;KD9
M=WL@EZW7^Z:QYGG2QBV^V;?J5/K+>#>S30```NCBNU-_D3;<R694M:X1*;?E
M-*7*D(/0TKCPN9I1MJ+B2UJ01D9&GF(4&X>8</";M6_XM]<4GHO&6NO<J]]"
MZP=CRLM*Y<_AV7S:U?@M-.]T[JEZJ7:+$JHT.RF7[F0GCS6+A>F)7\V&P33*
MDZ?=<ZI#5\KS'N.16-N2M0_-X_M.K]5#8\;8,"Q24XNY/\[AZEIZZES&&&(S
M2&(S+4=AM));98;0TTVDO!*&VR2A*2]A$**<YSDYSDW-\6W5^LN8QC"*C"*4
M5R6B.4?)]`````````````````?_U]_@``````````````&-.Y#O4RV<@OZ!
MF"U_+$:>]O']\/A\000>'H`````````````2*B_#BY'*/P9HG&4GP_>3Y\"$
MDN)'XMO+_D_6/>T$='@```````````````.MG:M+QJ(1ZE7TM##UUU+G34Q'
MWM.*M/QWU<-="/PX#IOERWT;3COG)R?]IKZ$<^WZ?7N=]<HJ*_LI_60T7I3F
M$?U`>R7&>_38$]I+3*3P',,9R>-GFV><N5K]S6U.2QJR?43J7)*J-)C2Y.+9
M363^E)=CFN5"?8CR6VWR:7%?\M7K^'E6\RQ!3?2XRBW3JBVGH^4HM55=&FTV
MJIJPPLJW:C<LWJJW)IIK6C6FJ[&GKST5.P\V/IV?1)O>U+?JA[A=_=VMNMP+
MW;E4^?MCA6TK>:3:/\TS($FL@Y7F.0YWB&"S6?RRS,<DPZ^%`?)Z>EAUR6AM
ME;+\G<-SO;E9^Z6\2=FQ)KK<W#J:3KTQ4)37O4HVVJ*M%5U4R>7C6(RE:N_,
MO--*B:2KI5N23TY))Z\S8#$<HP````````[U8QZJRKXNG-ZF=$8Y3(C)76D-
MMZ&2OA/7F\^`PWY_+L7KGV8-^I5,EF'S+UJ'VI)>MEQ+][U%[<OZZD[:3UIX
MZZ(.4[R$1Z%J24Z$.-OBSJI2````````````````````?N6*Y*7$X_[35U/T
M_P"$6"(6OAIJ?RS3QUX?HUWORC"EC,N=LXKU)OZS3O,\ZWL6WV1;];2^H@8V
M\U<J533V=Y,;@54-Z;)<^XTGX4)\W'G%&3;+2?-2S))>T8,C)L8EIWLBZHVU
MV_0EQ;[D9K&/>R;BM6+;E-]GU\DN]F3F$[4UU!T;&ZZ5I<)Y7&VS3S5\!PCU
M(V4+(CDOI/\`I%D1$?V4D9<QZ)NGF&_F=5G%K;QNW\J7CV+N7I?(W/;=BLXO
M3>R:3R/[,?#M?>_0N9=X:V7X`````````````````````'__T-_@````````
M``````&*682"DY/=ND>I%8/,:EX?PQE&]A?X(?#XL](V/``````````````$
MBA_@XU=NG_OJPIH*.!<22FPFN^):D1'&1X'^D>\F".CP`````````````!RL
M-&^^RPG@IYUMI)\.!N+)!>)D7B?M(`43,GTR,KR%Q'[M-O.8:XF?X49]<9KQ
M(CTZ;1>/'VCK>UV_E[=A0Y_*B_6JOZ3F6XS^9GYDO_$DO4Z?41H3R&``````
M``'VIMQ!(4MM:$N%JA2D*22RT(]4&9$2BT,O#VCY4HMM)IM'K35&UHSX'T>`
M`2;"V4O9;CB5_81<07UZZ:<D9]$E>I&1D:>5H]2\R%?NL_E[;G2_\*2]:I]9
M-VV/7GX<?_$B_4Z_45EYPWG77E?:=<6XK4]>*U&H^)^/$QR4Z8<8````````
M```````````.+.%&3^/Q^.D;&*XM.)<9<B;8:\3XZE,+CPX#HWE:'3MCE]JY
M)^Q+ZC1/,<^K<(Q^S;2]K?UE+Q?&;'*[1JLKTDGAU)4I9&;,.,2B);[NFAJ/
M4]$I+BM1D7#B96^?GV=OQY7[S[DN<GV+ZWR1686%>SK\;-I>+Y)=K^I<S,O'
M,;J\7KD5U6P2$\%2)"]#DS'M-#?D.$1&M1^1?907!)$0YEFYV1GWG>R)5?)<
MDNQ+\*\SH>'AV,*TK-B-%S?-OM?X:<BOB&2@```````````````````````_
M_]'?X`````````````?#KB6FW'5GHAI"W%G[$H2:E'QT+@1`##>0\N2^_(<X
MK?><>69GJ9K=6I:N/GQ4,9Z<(``````````````)$\71Q6`D_M3KNQ?+WMPH
M<!A!GP(_WDI?F9?KU'O($='@`````````````"N8RTE[(:9*_P!VFQBO.?XJ
M.ZE]S73CITVS\.(]BFY)+BV>-I)M\"U\I]4J3(DJ^U(?>?5KI]IUQ3A^!$7B
MH=FMP5NW"VN$4EZCE,Y.<YS?%MOUG`/L^0``````,!OJ=]RFXW:;V6;F;O;2
M,):W%=NL.V_QO)7:]BU8V_<S:PE,3\Z7`EH=A/3*RNKG8=>M]#C+%K/BNK;<
M)'35\V[$<S-Q,*[)JQ/JE*CIU**^"O%5;JZ:N,6JZEGML(UO7W%.<$J5UHV_
MBIW4T[VF:J78O]2OO1PKNOVF<OM]=W]Y<7W*W.P_#-P]M]R<ZRK<*FS.FS/)
M8%)8E`K,EL+A%/E\9%DIZJLH*&I<:6E"=7&%O1W;O<MGVZ.#?NX^-;LW[5N4
MHSA%1:<576E*Q=*2B]&N^C5K&Y.])6KTG.W)T:>O'2JKP:Y-:IF]=+9*-*DQ
MTK)Q+$AYE+A::.$TXI!++0S+11)U%';DYVX3:HVD_6C6;D>B<X)U2;7J.N/L
M^28X&6F1M2-=$PJV]FJ,C/4O34E@M!EH6IZ.\OL/04OF&?1M&7VOI7]I?46V
MQQZMSQNQ=3_LOZSM#EYT,````````````````````Y,KKYEKF3517L+?D+A8
M_`AM$GEYB:HJ]*E\Q^#*#2M1K,]$H(S/@0Z7LMVUB['8OW9)6XJ3;_6?MX*G
M::!NUNYD[Q>LVHMS;BDOU5[.+KV&4.&XG#Q&H;@,<KLMWE=L9A)T5*D\NAZ&
M9<Q1V=32VD_!/'Q,S/2=SW&[N63*]/2VM(Q[%^-\W]21M^WX%O`QU:CK<>LG
MVO\`$N7XVR6"N)X````````````````````````!_]+?X`````````````4#
M*9/I,<NGR/E45=*;0K@6CC[9L-F6O#4EN%^D>/@P8FCX/0``````````````
M"17'X55C,;[WRZ7.67\Z9:3$H\B/4V(J/'^4RT#L!'0``````````````5RA
M5T9%A-_]'T5],3X\7$5,MI@M2)6G\0\GB9&7MX"9M]OYN?AV^3NQ7HJJD7-G
M\O#RY\U;E]#+4#KQS``````L7W-=P>%]J>P>YO<'GT.?;T&W%+$E,8Y5/MQ;
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M=+Q?-,1N#E?+KB`B6T]R)EP)$*SKI]?90F94*;$?8F0IC#3[#C;K:5%5:7X6
M+]JY*$U2<)+C%TT>M5JG1IIIIM-4*JU=NX5^:23:K&2?!ZZKUJJ:U353S^[;
M?I*=DG:ONS%WMVYQ3<+)<^I):['"'=U\VJ<RH=N;525H9N,-I:K#,3YKJN2X
M9PI=P];OP722^PIN2AMY&?(O[AFVON^9E1>,^,80Z'-=DVY2JGS45%/@]*IR
MY;FHIO'L=%WM<NJGZ*HJ/L;K3QU/2;Q`J@`)OA"='<BDGJ11L9FES:'ISS)E
M?`).NI)U4F4K0C\B/3B0UKS5/IVV,><KJ7LD_J+_`,N0ZL^4OLVV_:E]9R#G
M1O0```````````````````!?3:QI<N-+G3$M2%0%-UU9(=9;7)B,J0IZ7&9E
M&CKICKZC9DCFY4\="+4]<T;MU6I65<E\ENM*Z57.G:8W:MNXKKMKYJ5$Z:T[
M*EW1\GV``````````````````````````!__T]_@````````````!`=RI/0Q
M64V1Z',DPXQ<=#X/%*,B]NJ8QZ^X>/@#&P?!Z```````````````2+)2Z<R%
M$\X5)2L*+30B<<KF);Q%P+^EDJ\B/V\08(Z``````````````"0U%?,G564I
M@M)>E+J&(3#2G6&>94RU@&[RN2%MM\Q1([ID6NI^!<19[-=LV=RQKV1-1M1;
M;>O8Z<.^A7[I;O7L#(M6(=5V222T[57CW5(#,Q?)(!<\NBM66].;K*@R%,&G
MVID(;4RHOT*\#'2[6X8-ZGRLNVWV=2KZN)H%S!S+7\S%N)=O2Z>O@4(R-)FE
M1&E23,E),C(R,CT,C(^)&1B6FFJK@1>&CXGX/0`!8KN;[>L+[KM@MS>WO/I]
MA2T&X]/!C,9+4,-2[7$\CH;NLR?%<GAPGW8[5DBJOZ=@Y4,W6/6P5OQR=9-T
MG48Y.]:NX^3CT^?:EU)/A)-.,HM\JINCHZ.CHZ4)F%D1Q[D_F)NU.-'3BM4T
MUX-<.:JC7M[</[/3FF)[XX]E/<3O3M1DVSF%Y%`OUXUM@6=S,OW(;J7V;&!C
MUDWE^"8W28C26<AM#-F\B58R4,D\W';4:VY*;/)WO(OX\K.+A7+5^:HYS<.F
M%=&THSDY-<8IJ*K2K6J++[SAV_XGSU.G"*4DV^QN44DNW5]U3:/ER79LJ3,?
M,C>ER'I+QI+E2;K[BG7#27'0C6H]"%;;A&U;A:A\,4DO!*A1SG*Y.=R7Q2;;
M\7J=<?9\@``!/,33R4F6/^',W20=="X^HGN3.74SX:_+=>!:GI_+I_FZ=+&'
M;[92?J2_&;1Y8A6]EW.R*7K;_$?@T4W$````````````````````R3VUB^GQ
M6,X9:'-E3)1\-#/1WTJ3/VZHC%H?LT'VN!X3X>@`````````````````````
M`````#__U-_@````````````!:/=N3RU]/$U_?S)$G3CQ]*PEK7V</6?W1\R
M!8H?)Z`````````````'VVVIUQMI'VG%I;3X_:6HDEX$9^)@"N92M*\BN"1]
MAF<]%1X?8AF41'@1%IRLEX<!Z^(*`/``````````````$B8_!Q:Q<^]-NJV,
M1_['#B3Y+A%PU_>/MZ^/ZO-R!2(T^=#/6',EQ3U(]8TAY@]2XD>K2TGJ1@"I
MJR:Y=(DRY#5D@B-)HM84&T)23\4J.?'D*,C+@?'709K61D676S?G!]S:^@Q7
M+-FZJ7;49+O2?TG67,IY.OKL6I'=3UYX13ZITCTTX%`F-1B+3RZ1EJ+&UOVZ
MVOAS)-?G)2^E-D&YL^VW=98L4^ZL?H:1UEUN&R>)P[ZL5KI_"V$.Q9(M/$F9
M4**]KKY&\+&UYKSXT5VU;FO!I^QT]A`N>6\*6MNY<B_%->U5]IU58G1O?U/*
M29-6G*BVIY<7E,SX)4[7.VR.'FK0B%E:\W67_.PY+PDG]*1`N>6+J_E9<7XI
MKZ&SJKP:U5KZ&=0V?B9)B7,-EU1%YICV:J^0K7R(D<WNU%C:\R[5<IU790_2
MB_[O40;GE_<K?PVXS7=)?70ITK$LGA%S2*"U2W_AFX3[\<]",^$B.AU@^!'X
M*\A8VMRV^]_+S+;?9U)/U.C(%S;\ZU7YF)<2_1;7K6A'UH6VHT.)4A:>"DK2
M:5$?CH:3(C(34TTFG5$1IIT:HSY'H``N'1%TL/GK+@<S(X39Z>)H@5LQ?*>A
M<2YK`CXGX^'F-$\W3K?P[?9!OUNGU&X^6(4LY5SMDEZE7ZSKC4#:````````
M````````````#+3&(WI,=I6--#36Q%K+V..LI><+]3CAC[7!'A71Z```````
M````````````````````/__5W^`````````````%@]V)//<UT4CU*/7=4_<N
M3(=(R_3R1TG^L?,@6J'R>@````````````!6<=8]3?TK&FI.6D$EEP_=E);4
MYXZD>C9&"XH%/FO^JF2Y/CZB2^_KX?O75N>POV@!U@``````````````2*9^
M#C5(R7C*L+B>Y[R2F!"9\#\$G'<\?:/>2!'1X`````````[#$N5%/FBR9$91
M_>8><9/CP\6U)/P`%6_,UXM)(D3CGH+[EHQ&M$F7'@96+,G4N/ZAEMWKUIUM
M791?<VOH,<[5JZJ7+<9+O2?TG77/K)&I3<7Q]\CTYE1H\JJ=X<=4'52XC23,
M_P"89>6FG`6%K?-UM4Z<V;_2I+]Y,@W-HVV[\6)%>%8_NM'57`PZ3KS5UU6K
MXZ*@VD>8SQ\/X>=!2]HGR+KZGYF+*UYJW"%%<MVYKP:?L=/80;GEO!G5PG<B
M_%->U5]I*/E-%%QRIA,WKT9F5.M;=I=E6/$M?4*'6\KA5[\\D$VNN61*(CYM
M?`C(]:O=-Q>YY$,B5M0:@HTK7@V^Q=I8;=@+;[$[,;G4G-RK2G%)=K["F_EQ
MUWA"M:*<?W4-6C,5Q?#7X6K,H#AGI[A6T+`X7L9OV$=1=1.6UIKUH["I3.FN
MFO6B]9HB/](\HP49QMQI1H=0MM:>"D.)4A1?I2HB,@!\```````````````^
MD)-:DH3IJM1)+4]"U49$6I^1:F`,RVFTLM-M(^RTVAM/@7PH222X%P+@0R'A
MR````````````````````````````/_6W^`````````````&,&?R_5Y7:&1D
M:(ZF(B=..G0CMI<(_>3_`##X?$](:/``````````````%7HIL>NM8DR43QL,
MF]SFPAMQU)N1W6FUH;=<:;6;;BR5H:BU(@0*FG'(<F*Y-@Y!7'&;D-15G8LS
M*U9/OMNNM-_N93&JD,+/]YH7*>I^&OM.\'7_`"M;KXQ$PK%/DJNLZZ89F?@7
M29DJ?(_<:",*`I\FGMH6OJZRPC$G753\.0TG0CTU)2VR2:=?,CT'@*:`````
M``````)%?'TX^/1"+0H]#'=,OY\^7,L#5Q(M.9$E/M'KY`CH\```````````
M````!(LD_"D5T#SK:6LCK+R)Y]CYC(3_`.*_.41_H!@CH`YF9#\=7/'>>87P
M^-EQ;2N'A\2%)/@`*RC*+]"20JTD26TEH3<\F[%LB/Q+DGMR4:'IX:::#VK!
M]GD"7?ZY1T,LCUYC3!77N'KXJ)=4_!(E>_0_Y0KW`>KQE_\`?4]E"/7[=?:H
M>07NZ$Z$ZL_]M+_PM`/1XV_Q9NIT,^!<EC4\Z"/S/KU\N2HT_P#FM0T[0/R\
M;I_P5U0S-=>1/S`H+BOV2Z=JU!,EG[-3"@.-S&,@;0;A54I]LO%V&E,]HM/$
M^K"5(;TX>.N@48**ZR\PKD?:<967BAU"FU?^2LB,>`XP`````!6H.0WT!2"A
M6U@T2=$H9*0ZXSP/X4^G<-;*O<1I,*L&6;1+)ILG5<SA-H)Q7`N99)(EJT22
M2+57L(B&0\.0``````````````````````````?_U]_@```````````<;KJ&
M6G'G%<K;3:W7%'X)0VDU*5^I)`##R=*7.FRYKG[R7*?DK]RGW5NJ+]1J&,].
MJ````````````````)$_HSBU<W]Z=<V4D_\`%PXL&,UKY\7'W=![R!'1X"H1
MK:UA:>DLI\7330F)<AHN'@7*AQ)&6GEX`"I%E5THR]2]%L$_>395U?/YRX_:
M7)BN.^)Z\%$9F/:@?.X3I:2\<IG?Y\;U]>Z1Z:?[UFI8T\].GI_<T5[@.OBS
M_P"\KKF"KVQ;*+,:_3TI,%ASQ\NJ&@'H<<>XL7\F-KX(LJ=Q/+X%HIVODS^;
MCYD@N'D/-.T'+^5I#K!R85I236.J3"5IL$PN9XT&XEK2T;@:.J0DSY=?`O8/
M:`ZC^-7T='474S5M%J9O1V3EL$1>9OQ>LT1?^,/*,%%4A:%&A:5)61Z&A232
MHC]AI,B,C`$@RKX;R5'\"@M0:Y*2X$DJ^!&AFDB(S(OC9/PX:CU@CH\`````
M`````````=VMB'/L8$(B,SES(T;A_L[R&S/7R(B5X^0`Y[R64ZXM):=.F_.D
MK:(M")+/543*2TX:):(B+]``I8```````````Y&W765<[+CC2_#G;6I"M/'3
MF29'XD`*TUE&0-(Z96TQULCU)J6YZUHN&G!N83Z"(B\M![5@Y/S$IW^NT]#-
MUT)2E5J(+BO:?4JEP#YC]O\`]'`*@>MQM[@_1S(AG]^MMU&E)Z^3-A$F&I)%
M[7-??YDT[`/2XR_Q9MK."KC\$ZK:D-^XBD0IJEG_`+27_A:`?(&G=#AW]#*(
MST23DMZN<\/O)LXT-">/A\1ZCP'=K,3NU65<2X"W8RI\)+[\5V/.8;97);2M
MQQZ$Y);2VA&IF9\"(M3'M`91#[/```````````````````````````/_T-_@
M```````````1'.I_R_%[59*T<D,E!;\C,YBR9<(O>3"EG^H>/@#%P?!Z````
M````````````!(IGX^-TKR?"%-M:]TN/PFZ<:>POQ_I2><+R_=CWD".CP```
M`````!(I_P##8]11?LJF/V=NZ1^*D+=:K8IGYZ$4!PR]RM?,.2!0V),B,KGC
M2'HZ^'QL.K:5PUT^)M23X:@"MMY7D*"02K1^039ZH]<EFPY3]WKFI`58*)(D
M/2Y#\J0LW7Y+KC[SBB(C<==6;CBS))$DC4M1GP(B`'"``````````````"0X
MQ^%9.3C/0JRNLK`C_P!E8A/)B\>)%K,<;!`CP``````````````````````"
M98`P;^65*>));7(?69'X$S$?<3KQ(S(W"27ZQZN(,GQ]G@``````````````
M````````````'__1W^```````````!9W=N?RQZFL2K]Z\].=3["903#!G[24
M;[G_`)(^9`L@/D]`````````````````D=>1NXYD3:M.2,]3SFS,_LO>H?@F
M2"/[SC,Q1GYZ(]P]Y,$<'@````````"19/\`A6+4`O"JK:ZN/C_3-1&W9?#[
MO\:\YP'K!'1X```````````````````D5;_#T60S/LJ?*MJ&U>9^JDJGO)3[
M^E5Z'[E!V@CH``````````````````````"YVU4;JY!*D&7PQJQW0_8X\_';
M3Y:<6^<>QXGAD&/L```````````````````````````?_]+?X```````````
M&-.XT_UN42T$KF;@,QX*/9JA!O/%^E+[ZB_4/A\000>'H```````````$C/%
M[$CZ9OU299$DU5[EO7LSD&I/-TULO/MD3Q)\4:\Y>!EKP'M`?A8\N.7/;6-=
M5-^2%2$3YCA>&K4.N.2LM3\#<-M)^T*`=;&H?[F+87+R?Z2<XBMA&HOO>DAK
M?EN(,_(Y"#T#0'2GW$N>VB.I,>+":7SM0(+"(T1"^7EZAH1JM][E/3J.J6YH
M?B/`4H```````!5:*(F=<UD1>G3>FQR>,_`HZ7$KD*/W)92H_P!0('7L9:I]
MA.G*^U,ER))Z^77>6YIIY$7-IIY`#I````````````````````D4K^'QJI9T
M^*PL;*Q6?M:CHCU\;WF1.H?#D".@``````````````````````+V;1QM&[N6
M9?:7"C(/V<B9#KA:Z\=>HCR\A]1YGA>4?0``````````````````````````
M`__3W^``````````<;SJ&&77W3Y6V6UNN*_90VDUK/\`4D@!AW-E+FS)<QW]
MY+DOR5^?QONJ=5Q_2H8STZP``````J\"H>F-*F//,P*UI9H=GRC,FS<(B4;$
M9I)&],D\IZDALCT^\:2XA0';]-C#QFTU:6<1:-"*5.KVW8K_``T4HVH3[DF(
M1GQ(M'CT\=![H!^6Y+O]0L*:R\R3'LV&'C+V^FL3@R#/CX$D^(4!P)JK.NG0
MO6ULMDCE1C23L=PFWB-YOE)MSE-MTEF>A&DS(S,>4!QY`7+?79<_4TM[(NIX
M\^DQXN?74]>;Q\3!\6"D`````````````)%COX*[:Q/A\NI9SC:^.B9$XD54
M<_[XES]4^\M?(>H$='@````````````````````)%D?X3M7`\/E])6M+1Y(>
MEM':2$GP(N8G9YD?Z-/(&".@``````````````````````,B=K8_1QI;VG&7
M8R7=?:EM#$<B+@7`E,G[>)F/N/`\+D#T`````%*NKZDQNO=M<AN*NBJV#(GK
M&XGQ:V"T9D9I2Y*F.LL)4HDGH1JU/09L?&R,JZK.+8G<O/A&*<GZDFSYG.%N
M+E<FHQ[6Z%IVNY#8AV241.ZF'DZ;BF^=VS2S&YD<VIG->2W#)L^7@LW.57#0
MSU(7+\J^8HPZWL]^E/LU?J6OHH15N&$W3[S"OB7>K+2LNH3%E3V,"VKI2>>-
M/K)D>?"D(_;8E17'6'D^]*C(4EVS>L7)6K]J4+JXQDFFO%/5$J,HS2E"2<7S
M6IWQC/H```````````````__U-_@`````````$0SN?\`+\6M%DK1R2TF"WQT
MYCEK)ITB]Y1S6?ZAX^`,71\'H````!6*FM1,-V7,6J/50B)R=)21<RM?W<.+
MS$:7)LE7!">.A:J/X4F`.&TLG+)]*NFB-%CHZ$&$U^YAQB4:DMI\UN*,S4XX
M?Q.+,S/W`4T``!48=O:UZ5(@V4Z(VHC)3<>4\RV?-XF:$+).O'QTU`%/,S49
MJ49F9F9F9GJ9F?$S,SXF9F`/P````````````!(F/X?&)[OW[*VAPDF9?T,!
MAV9())^WK2&-?U!R!'0```````````````````=ROBJG3X4).O-+EQXQ:>.K
M[R&M?U<P`[=_**;=VLE.G3<G2>B1>!,(<4VPDO[UE"2'KX@I`\``````````
M``````````!V(D1^=*CPXK9NR)+J&66T^*EK422U]B2UU,_`BXF`,LJ&I;HZ
MB#5MJZA16C)QSC^(\ZM3S[A$?$DJ><4:2\DZ%Y#)P/"K@````ZTV9%KH<NPF
MO(C0H,9^9+D.&9-L18S2WY#SAD1F2&FD&H_<0^[<)W9PM6XUN2:27:WHD>-J
M*<F]$:77U'OJ*9YO+O/DV`X5D=GCV)XE-=JR*MF.Q9,9PDI-57"=9-"H4EAM
M2?F$EHRD/R^=HEICM(0K]6>4O*>+Y?VRQ6U&65-)SE363_U5^2N"6O%MG--T
MW>>=E7;<+C5N+HN[N\>U]NG`\IVLHR:'/.2C([YJ2XZ;S<]JXL&Y:)"CYC<*
M4B0EXG%&>O-S:ZC=)6X7;=5!57*AKL;D[%UPG-]$N#[SU=^FM]1;=C9S>F@V
MXW"R6QRK`LRE(A-KLW5/RU24(YU0YTA9EZ^=(BLJ]#,=YIB)9(86XMAY2$:3
MYO\`*6!Y@VR]*%F,,^W%N$EQ3_U:_%'A35)-)FP[3N^1A9<+=R;EC3?X?Z'Q
MKIP9NA1I+$R-'F174/Q9;#4F,^V?,V\P^VEUEUM7WD.-J(R/S(Q^5)PE;G*$
MXTG%M-=C7%'3$TTFGHSG'R>@````````````!__5W^``````````6EW,R&17
M.5E=%].HW4/2Y;4J)%FLN-&HF8Z5,RV7D:&I+O$B(^'B/F3!:KYU`?U]=CE4
MX?DY!7,K'2]OPL2%Q#]WX0\]!Z#7BCW$V+ZO,S^RV]`LVT_WI.-5CAEK[5!H
M!TL59XJFWL[4S,D-0(->1)\D*>=FSCYR]I-F0\T`^;U4;_B_'XIK+P?MI+]H
MZ1>1]!/HX'-_?,K(>^@%.G6UA9$VB7(-;+.O0C-H;CQ&-?'H1(Z&HS1GYFE)
M&?F/*@IP`````````````````````FTAJH334%?8S)T*0<:5:$N/"9F1B^92
ME(03Z53(SY+.-!;/5)*T)1>/@/>2/"E_)(;W&#D50]_L<LY=6]Q]OK(R8O\`
M(Z9!Z3T^5XM?$DUM5ZYK9<>I6NQ[-!EY*YJ]V3P/WA1@HCS#\=9MR&76'"\4
M/-K:67Z4K)*AX#B``````````````!(L7_#M?6G]FK@V-F9^9.1(3RHVG\XY
M9MD7O,>H$='@``````````````````````O?MAC73;5D4QO\1TELUB5EQ2UQ
M2_+(C+@;IZH0?[)*\C(?27,\+Q#Z`````!9'N2LW*C8C=*6TX32W,2L*WG,E
M'\-STZ=:"Y#)1*=1.-)'X$9D9\-1L'E6RK_F+9X-52OQE^S[WU$/<)=.%DM/
M\EKUZ?6?S\>S?M0[@^^;=#.+C`:YUVDL,RR"TLLME1GW8\J;:6;]I-17-.N1
M&I+D8[!M<AV3(B16"?;2X\EQQ"%_L'S)N^T>7<*U<S\B-M*"5/!46BJVW1T2
M3;HZ*B9PGROC[GN^1DSM0;LNY)]3YMNM%X5UK1*JJZL]E;OZ#^_T:D2]`RRO
ML[%J/U'(C<2B):W4(2:DDES,&$LZJ,S(FW)*M"T(E'IKS?'_`,T_+3N]+O3C
M&O%QG3V1;]:1OU_RKF7+='1RIW?C/,?(]@]R^W3N`V\P[<:J55WU;N!BDJMF
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M6NDJ?"Z1;^Z;?C7H8U_,A&_*48J+>M9?"O3IQ[5VJM[Q5$\````````/_];?
MX`````````!C/F-OC5SDMD;E\]`?B.G6FB;6/NPB7!,V%G'EU[LUU;+CQ+5J
MIE.FOL%TO+NYW+-K(M0C*,XII)T:35=:TU]+*A[YM\+UVS<G*,HR:JU556FE
M*_04%NB?E?\`%D^FMOYD"UB'(T\C]%*<BSM#_P`4*Z]MV=CU^=B7(KMHZ>O@
M3K6=AW_Y63"3[*JOJXG3EU=E7F93H$R)H>AG(C/,IX\"T4M"4F1Z\-#XB$2C
MH`````````````````````````^D)4M24((U+6HDI27BI2C(DD7O,S`%>RA1
M?.Y<9!D;=<F/4M\OV>6KC-05&G7CHMQA2OTF#!'P!](6MM1+;6I"TGJE:%&E
M23\-24DR,CT`%:9R:^80396LMUHN),2UE-8_VB83[.G']GS"K!S?F!#W"?1T
M<S4S-:T0UUKZC/[W4JGH2"5KXZI,C'M>X#U&+R/WM=;5ZO-4.?'FM<?9'EQ6
M72T][Y_^!H!\LHW_`.J9&AE1_9;MJV7$T]B5/0CLVB,B\S-)!IV@?EBR=XPG
M:VS+_P#H+2"ZY^N,X\U++_:PH"FRZFT@:^MKIT0BU^*1%?:3P\3):T$DR]Y'
MH/`4\``````2*K_AZ3(YG@IUJOJ6E'YJF2RF.I3[3Z%8HC]A'[Q[R8(Z/```
M``````````````````23%:!W(K=B$1*3%1^/.>3J72C(,N8B5H9$Z\>B$>\]
M?`C'J5094LLM1VFF&&TM,LMH::;07*AMMM))0A)%X)2DM"'V>'(``````,=N
M['_L\[F?Z+J_^D5.-H\E_P#Y/M/Z<OW)$#<_\#D>"^E&L=]$'ZBO:7VZ=NTS
M;G=?**+!,O@3)B9\FVLZ"C=L4N9+D=U&D1I.2V]1'L8LN)?M),V7EO-/1EH6
MTEI+"C[S_FEY)W_S'GXF3MOOV8I^Z^JFJBJ^[&6JZ>:X.J=:G+?(?F79MOVI
M8N7?A:OQ;KU-1K[TFFG)JM4^3K5<*4/<"-]7_L-FJY8>].+RU$>AIC9?MR^H
MC]FC6<+/4<GE_E3YNAK/'MI=_P`Q?_\`,WZWYKV.\Z6LV$GW2@_HD>,?U0.X
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M>6X`F3)=0D^1HF6,OESE$:OM$TP\[IKR-K5HD\6/_E-YKO7+<96H*TWK)=;H
MOV$O:EVM<3%?\W[%CJ7S,V"FE6CE%/U=5?4CS*^CYW&'W.]\O=%N/76%E*Q&
M3(JFL4CS5RVXR(_R*[*UM8-;)7K6MY#;MNRR0:$/=);:72YT&1=$_P`T-LCM
M'DO;,+I2G"44_0TDF^=%1=G&AJWDW=?ZOOF\94)-X]8J-:\*.K2Y=3J^WA4S
M@W_CXI%[O=SLSRBYV2BV&,YGV58S68ADVS.(95O%G%7GNXN'Q<?;Q+)G]S\#
MR"31U>X-:4]I#T"V0<ZH7T$R'82(S?/-G>1+RY@XN/:RG"Y:S9.<;TX68.W;
MFY=<?E7(]3MOI=)0]V:KTJ3D[?<596\Y=^[.PI0GBQ496HRN24YQITRZX.BF
MJ\):QTJXT7M,.8&\@```````!__7W^````````%+N[)%/46=HYIRP(,F425>
M"ULM*4VWXEQ=<(DE[S&?%L/)R;&.N,YI>MZOT+4PY-Y8^/>OOA"+?J7#TF!3
MCBW5K=<4:W'%J<6L_%2UF:E*/WJ4>HZ\DHI12HDCES;DW)O5GP/3PK,#(KZL
M22*^XLHC1%R]!F8^F.:=-.54?G-A:=/(TF0BWL+#R*_/Q;<F^;BJ^OB2+67E
M6*?)R)Q78FZ>K@5MO.+!S0K.MH[<CX+7(KFX4E2>)?UNH57/&K0^!J-0J+_E
MG:[M>B$K;_-?^M4L[/F#<;=.N49KO7^K0[S=_BDOA)KKBG</AU(,F-;QN/@K
MTTM-?(0DO,NNL]/Y!37_`"C>57C9<9=TDU[57Z$6MGS/:>F1C27?%I^QT^EG
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M```````````KN,LH>O:WJEJS'?\`7/E[6*YM<]XCU\E-QS+]8]7$%'?>7(?>
MD.'JX^ZX\X?M6ZLUJ/\`6I0\!Q```````````"I1+FV@:>BLY\4B+0DL2WVT
M:?LFVE9(-/N,M`!4/S-/<T*;'JK(B\#G54);I>W^)8:8E<?/XQ[4#YE0O_UK
M'N@9_:<J;.3'T/\`:2S8(M$</9J1#ST`>DQJ1Q8MYU>K_!V5=UVB/V^JKGG7
M#3_YC4-`/RU+=XP)M1:>Q,.R80^9'PU*)..'+/CPT)!F/:`[ME6V%5C<&++A
MR8[LNVFS9!.LN()MN+'C18G,HRY?C-YXR/7B1\`Y`B`\````````````````
M```?J4J6I*$)-2E&24I21J4I2CT)*2+4S,S/@0`R@PO'$X[4(;=2GYC,Y9$]
M9:&:5FG\.,2B+BB,D]/,N<U&7`Q]I4/"8#T```````8[=V/_`&>=S/\`1=7_
M`-(J<;1Y+_\`R?:?TY?N2(&Y_P"!R/!?2C^5B/W>?D8JU-:O5,QN0TI1)U(G
M$D?BGV_I(8[MI78.+1*Q,F>+>C<B].9F)A.2M64-HC62N9"?%1>9$-5RK$K4
MV=+P,N&39BT]&3I1$PX9F1''?X*+]E1_>_0?F/C^;#\]'VZXUVO_`'4O86-W
M3PA,ME5C#;_&;+G2I)'Q+3BD]/)0G[=E_+E\N;T*??=L63:^=:7\1'OC_9F$
MJ1NUO.A9&E28E0E23+0R,JC(R,C+VD8YI_G<Z^7L9KA\Q?2B\_RL363N*:U7
M3]$CVE[L)U@[WI8':TLRTQQ&`9?VY0,CWC:R_>NUQG:EK<3<"NJ(6(7NWD/$
MG=H42=VHQ.TJG%69IA(N8\^S.*VIA;G(_+T(+RQEV[L(S=ZWDN-GHL*5WY=M
MMSC<<_G4LND_A][H<(=3JENF[RD]\QYVY."MSLJ5SJNN-OKFDHN'3\O^)\/Q
M:=2E*FA[/CF)O`````````?_T-_@```````!:+>>V]#BK=<A6CMQ.994G70S
MBQ#*6\HO/0GD-)/W*&Q^6,?YNX.\U[MJ#?I>B]E?44'F*_\`+P593]ZY)+T+
M5^VGK,4!T,T8````````*C`M[6K5SUME/@*UU,X<M^/S<==%$TXDED?F1ZD8
MP7L;'R%2_8A-=Z3^DRVLB_8=;-Z4'W-KZ"M?GG+#XG>2U&?$U*)E2C/S-2E-
M&I1GYF?$Q#_HVU_\E`E_U7<?^<GZRNR<EN['#+5VSGJ?5+NJRMCFAF-&6<=J
M+/FV+2UQF65.QUN>F-2%:ES$DQ$M[=A8^ZX_W;&C%QM3D^+U;BH\6Z/XB3<S
M\R_MM_Y]]R4KL8K@M$I.7!*J^$MN+XIBZ33Y9+7MV+*TKN*^(VS=Q#5_$268
MC9-M73"3(NNA4="4R>752'$\ZBY5ZES7?MJGA9,[]N'_``DW5-<(M\8OL[N[
MP9OVS;E#+QX6;D_^)@J-<VEPEW]_?XHI`U\NP`````````"14FC$/()Y_P!#
M4G":\CZ]K(9B&1>[T9O:^X.T$=`````````````````````%1AW%K7Z%"L9L
M5)?<9DO(;,C\24T2^FI)^PR,@!4?S++=_K\*GL_:N761D/&7L.5!*'*5^DUZ
M^\>U!VHJ::Y*8TBH55.1X$V><R)/D/1F?21UNH2]%F%(<6W(>)+?PN$HEK3I
MKX&!$QX```````````````"ZNVF,^NEG>S&]8L!SEA(67!^:1$?5(C+12(I'
MJ1_X0R_9,?27,\+^#Z`````````8[=V/_9YW,_T75_\`2*G&T>2__P`GVG].
M7[DB!N?^!R/!?2CQ`^B+]/K:['^WZ1F>[6WC+^YL^R<8R!JS5)AVL&<\J1*1
M!DR:^2Q+*)`HY$-EN,3QQB>Z[QH-;NJ>M_YK^=-TQ-RQL':LOHL.'55).JK1
M4ZDUQ4FW2O!5HC1?(OEW%Q]L5[+QE]\D_>KQ3UTKV)4TX5J^9[?_`/RG=O/_
M`%9U?_*F1?\`YP.2?^M/,_\`]VG^S#_5-Z_IF#_RZ];_`!C_`.4[MY_ZLZO_
M`)4R+_\`.`_]:>9__NT_V8?ZH_IF#_RZ];_&62SC'NPC;B8_7YBWAM7.BN$S
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M^W!]])4:KZ#6/+>V0V[?-R^5&EJYP[*I-.GI+_\`=XC$(W>M4R<AI,-7N%&M
M^UFYVR:L]MNU^]PBZP^7NQ68ON%?[UYGN)4R]WZ#(*=Q_P!+C3L*RJ5-S6ZI
M-"W8V2ID1>F>7'DR\KW(V;MW[FXY4;M+N5&Y&:LN5N-B%MJS*,N-U2C.L?F?
M.<(=,EEWGY*WR#NVX?>4[#A6%AP<?F*,W=E-?,37"%)1UZ/EJ4NI'N$.5F^`
M```````!_]'?X````````8K;U6OK,FC5B%ZMU$!"5IUUY9<XRDN^XN:,3'\@
MZ!Y7Q_EX,[[7O7)^R.B]O4:/YCO_`#,V%E/2W'VRU?LH6<&S&O@`````````
M``2V_+Y=4T./J^&5'1*NK-LO%F9<%%*/&=+Q)YBLA,*41\4J=-)\2X5N'_'R
M,O,7\MTA'O4*U:[G*4J=M*D[*_@V,7%?QJLY=SG2B?>HI>NA$A9$$J%392*>
MQAV<;E-Z(\EPD+XMO-F1H>CND7%3,EE2FUEYI49#!DX]O*Q[N/=7N3C3\3\4
M]49L>_/&OVK]M^_%U_T>#6C)\ES&;(S=@W3=2MPS5\MNV92.@9GQ::LHC,J,
M^VC71*G"949>)$>HYYD^6]RL2E\NVKMOMBU]#U]5?$WC'W[;[T5\RX[<^QI_
M2M/73P.4JE@]?_6'&"/AH1W<4N8S/30C/X2T]YD0@?TC<_\`D;O[+)O]2V__
M`)RW^TCXETEI";)]Z&X<51:HF1S1+@N)\=6YL53T59:>Q8@SMSMR<+D'&2Y-
M49,A.%R*E"2<7S3JBE#X/H`````D1_PV+(+[*[:Z4OWKCU$0D),_YAR+16GM
M-)^P>\@1T>````````````````````````)/6LNKQZ[.$TJ1+>DUS$EMI/.\
MS5M]>2Z[TTZNFRY-:9):B(TIY"UTU(>\F"/^ED_Y._\`[4Y__"/`<:VW&S(G
M&UMF?$B6E23,O:1*(M0!\`#N0Z^=8.=*#$D2W"+528[*W>4OVEFDC)"2+Q,]
M"($F]$>':ET5M"95(D0G"CH5R./M*;D,LKUTY'W8RW4,+,^'*LTF/N5N<*=<
M&J]J/(SA.O3).G84D?!]`````%6I*B3>V<6MBEHM]?XCAEJEAA/Q//KXE\+:
M..FI<QZ$7$R#B#*^O@1JN%&KX:.G'BM):;3YGIJ:EJ/[SCBS-2C\U&9C(>'<
M`````````!P2DQ51WO6DPJ(EM2Y'JB;..339=12WNK^&3;9)YC-7`M-1]0ZU
M*/RZ]==*<?10\=*.O`T\OJD_6PW#PG=&\V4[9'85!!Q]2&[F[CKE0V&77VC7
M'0^Q3/U<NSNYD%QJ0XV^^<&"TMME3#T@GEM_J7R-_ECM]O`L9^^6E>S9JOO4
ME3NCU522>E4NJ3JZI41QOS;YZR,3+G@;51./Q2Y*O<J5=-=71:*C=:>3VVGU
MH>^?;[((EO*W$3E,-N2RY,K)B9=-ZF.VM)N,MOT,J#'ZBTD?*<J/,9)1ZJ:6
M7PGON;Y!\KYUF5JYMEM57'IBZ>M57H:?>:?B^?/,&/<C.=]3C75-4]L:>U-=
MQL<7GUJJG)OIV9'OM7M.0MQDMKQIYEDDU\E-L]_F\ZM3L%2VZ[()%P]'CN/1
MVVT%`E?,&&VM"::X]C_Y3VL;SE9L/WMI2ZU%NNJ>B==902K)5JZKHDWQ?3Y^
M=[5SRU=W2"_CTI3@^KA33@ZTU7)]22X+4:L>XK</>++IV3;DY-.NK:9+>D-1
MW'W4U-4R^X:TPJ2M4ZN/7062/0DH+G4?QN*6XI2U=UO;78Q;,88UM*VEZ?2S
MFFW;[D9MZ4LNY6ZWZ/!+DC*?:'>S/ML+2!?X-DD^L=BR693E>4J0JIFN,K):
M?5P$/-MJ<29?`\CD?:/XFUH5Q%!DXMF]&5J_;4H-4=>Q_AJN':;A9OSCTW+4
MZ,W>OIX=SM7W1;+5V426(J<RIF(\:ZD*;B_,I;3ZI,8GIK[;33LB?&G0)$:2
M[REUS;0^>G7(A^9//_EY[!N<?N[E_3[U7&-72,E2L5V*C3BN2;2^$Z1LN<L[
M&4I)?.CQ[7_IY/U\S';?+M(RS+/J*8)W`R\`V\RO$(36%JQDWNZ?>S9K<"HR
MW'H7IYV>T6$X;9_E?)[BLI6I$*3"<C^DN*5HXTDB)3CAS-J\Q8^/Y+R]GCF7
MK>2W/J_X6Q>MN$GI;E.:ZHIRI)23K";ZH\D4>X;/>O>9<?<98]N=A=/3_'NV
MIJ26LU&+Z9-*J:I24='VGL4.:FZ@```````!_]+?X``````'X9DDC4HR2E)&
M:E&9$1$1:F9F?`B(@2;=%Q'#5\#`W(;0[J]MK4S,TSI\E]KFUU2PIQ11V^/'
M\-@DI_4.N85C[KB8^/SA!)^--?;4Y?EWOO.3?O\`*4FUX<O8482B.```````
M```5*F81*N*J,X1&W(LH+"R,N8C0]*:;41IU+4N57AJ0P94W;QLBY'C&$GZD
MS-C05S(L0?"4XKUM':R=Q;V29`XXHUK7=6AJ4?B9^M?_`%$1%P(BX$0QX$5'
M!PXQ5$K4/W4?>:W+,RVWK\R7[S*&)9&`````*A7VUI4N&[66,VO</3F5#DO1
M^?3R632TDM/N/4A@O8^/D+IOV8S7>D_I,MJ_?L/JLWI0?<VOH)$C.;A6A3X]
M/;D6A:V%3%ZYD7DJ9!3"G*U]INZ^\5%[RWM5ZK5F4&_LR?T.J]A:6M^W*U2M
MU37YR7TJC]IW$91CS_"9CDB(H_Z2GMW$H(_/^&LXU@I1>XGD^&GO*JO>48/6
MQF-=THU]J:^@L;7F>7"]B)]\73V-/Z3N(DXA*XLWD^N/]BVIUK01_P#"*J3/
M6HO_`#*15W?*^YV_@Z)^$J?O4+*UYBV^?QN</%5_=J=I%.F1_P`7W./V)^)(
M9MXT5]7]Y&M#@2%GIY$DS\O$5EW:MQL?S,.XEVI-KUJJ+"UN.#>_EY<*]E4G
MZG1G=R-ER"W253J>1<*I0Z\CF)6DFQDR)KA\R3-)Z-.MIX&9?#XB`TT^EK5$
MQ--53T(R/#T```````````````````````.5A]^,ZEZ,\['>0>J'6'%M.H,R
MT,TN-FE:3T]A@"J_F3(O_3]U_P`JSO\`^>%7V@J\"VR5YAR5*NG6ZAE6DJ9>
MO',K2,TGJP3,U$KUC[B",DLMH6L]?`N)C/CX^1E7(V<>VYW'R7U]B[WH8;U^
MSCVW=OW%&"YO\-7W+4C]IEF,(DN.U..G+<,DZNV$AZ+6J?2DB6^Q40W>NTRZ
MYJHFU2C)):%REX%MV+Y2JE+,R:/[,%_>?XC6<GS,DW'%QZ]\OQ+\9$[/)[FU
M;]._*]/`(_@K("$P:Y'A_O2.2&W5\/MN<ZS\S&RX>UX."E]WQTI_:>LO6^'H
MHC7\K<<S,;^?>;AV+2/J7UU93ZRUL*>24NNDKC/$DT*Y>53;S2OMLR&5DIF0
MPLOM(6E23]@DY&-8R[4K.1:4K;[?I3XI]Z,%C(O8UQ7;%QQFNSZ^U=S)]#EU
M.2:)C^GH[M6FM>XYTZFQ</Q.NDO*,H#ZS\&'5&V9\$++@@:%NOER_B=5[$K<
MQ^S\J/CVKO7I1N>W;[9RNFUDTMW_`.R_#L?<_0^1U),25#<4S+COQG4*-"FW
MVEMJ)2?$M%D7$AK)L!UP!^D1F9$1&9F>A$7$S,_`B+S,P!DC@&+G0UIRIC9)
MM+!*5O$>AJC1OM,Q==-4K/[3A?M:%]TA]I4/"?CT``````````%H.X"WD4>R
M>Z%C$,TR489=Q67$J-*VEV41=;UT*+B3C!2^=/O20O/+5B.1O^T6I_!\^#??
MTOJIZ:4(N=)PP\F2X]#]NA_-WVS[4^XCORWRW+L=KL9>M57&X63S;C(K),U%
M5"G6=K,LRJX[5=%M+&;)AP7DF;$1AY$-CIF\IEI3:C_;F=O.U^7-OL3S\B-N
MW"W'BTN"I6K:6K[75OA5GYDQ=FW/S'N.9<Q+54[LFY.M$VVZ:5;=.23HJ5HJ
M&3FZ/T-^^3;'&Y.3O8W0WT2$VX[*C0G;R`ZE*2+I\L^TI(U!')Q1&G67-BI)
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M29DB-*>:LS1#8)UWJ39<:HQN=#2U&274=;KI3*#2:EJ;;U4FIVK_`#-V/><B
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M(]S!RDWX````````/__3W^``````!#-P;7Y/A]W*2KE>=B'!C\=%=:>I,0E(
M_G-(=4O]"19[-C_>=RQ;;7NJ74_".OMI3TE=NU_[OM^3-/WG'I7C+3V5KZ#"
M8=3.<````````````5_%6%R<FQ]E'BJYK3,S\$-MRVG'7%:F7PMMH-1^XA#W
M":A@YDGP^5+Z&DO2R5@Q<\W$BO\`:1^E5*=:22F65C,2>J9<Z7)(]--2?D..
MD>GEP4,UB'RK%FT^,8)>I4,-^?S+UZY]J3?K=3HC,8P```````````.:.PY*
MD,162YGI+S3#2?VG'EI;07GXJ40^)SC;A.Y)^[%-OP6I]0BYRC"*]YNB])=#
M(W&U74YM@]8\-;=;&/R]/6,MU[)I+P(E-QB/]8XY=N2NW;EV7Q2DV_2ZG5+<
M%:MV[<?AC%)>A4*(,9]@``````````````````````!RL,/276V([3C[[JN5
MMEE"G''%']U"$$:E'I[`!WI;U1CNI6)MV]P@^%/&>_@8BR/B5M/84?.X@RXQ
MV#-7DIQ!\!L6V>7LG-Z;M^MO&?[3\%V=[]%2BW#?,?$ZK5FES(]B\7]2]+1!
M[:[LKMY#L]_F0RDT18C*$L0H31GKT8<1HDLQV^!:Z%JHRU49GQ&^XF%C8-OY
M6-:48\WS?>WS_"AIF5EY&9<^9D7')\NQ>"Y?A4I(ED8`````D43+LH@-H9B9
M!;LLMDDFV2GR%,H2C[*$-.+4VE!%]TBT,O(0KFVX%YN5S#MN3XOI5?7Q)=O/
MS;24;>7<45P74Z>H[J,[R<M">G,36^/,U/K:R:VM)Z:I44B(M1$>GD9&7D(E
MS8=IN*CQ$O!M?0R3#>MS@],IOQ2?THR'P7&&9,:OR6WIXE=9.(]1%B1%O^DZ
M;B4JCS78<AQ_T\I2#YDH2OD1J1\J5<$Z!N=C#Q\NY9P[DI6XNC;IQYI/2J7;
M3U\3=]ONY5_%MW<N$8W):JG9R;6M&^SZ.!=80":```````````!COW8F9=O6
MYFAF7^:ZPN'#@>0TY&7Z#(QM'DS_`/)]I_3E^Y(@[G_@<CP7THUZOH&]SG;!
MM=VQ3J3+\OJ<7SJ'83XU^]-8E3K'K2LHR6VZ;S-77R)[3%C738+C;YMFR\AA
M+)N*<BF0[3_F[Y=\P[SN.'+;L=W<6*;Z5*,=>F*3]Z23I22I6JJW2DCG/^7F
MZ;7C[.K=R]&.0F^JO&KE)\E75-4?=2M4>\3O?3VC/M.,/[Q4#S+S:VGF7:+*
MW&G6G$FAQMQM>/&A;:T&9&1D9&1Z&./Q\A>;XM2CM,E).J:N6O\`S#?WO>TM
M4>9&G@_Q&J%N-CVP+WUG<0R2JGU*MK[##9.;N6S2UM0B8;O\PQ&++4PXPF>E
M^NPJ)'0RVI!2B4PVHBYB(A^E<*YO,?($[=Z#_J\8*-&T_?Z(OC7IUGQ=>G5Z
MT.2Y-K;WY[Q[T)1^[.UUUY<9Q3]$4N_1&UW'[YNT2*PS%C;PT$>-&9;CQV&:
M+*VV6&&4);:9:;1CQ);;;;224D1$1$6@_-<O(?G"<I3GM,G-NK;N6JMOB_YA
MUE;WM*22S(T\'^(I>1_4`[1J>AM[-_=FDLF(4"2^]`.OMX29;2&SZC"Y=[65
MM/';<29DI<E]IHDZ\QC)C_Y?>;;E^U#^FNW62]YS@^GOI&4I:=R;/FYOVTPM
MSF\N+27>OI27K9XO_2&S_$MR^]'N-RO!G6G\6G2*]NKD1UN.1I28.*O5DN9%
M==_$?B39\%UUIP^+C:TJ\QU;_,ZQ=Q_*F/;O_P`U3A7]HUKRUDVLK<<BY9=;
M?+U&5'=Q:5M'WPT.6V.W45ZOH,B[:L>G6SG;UM_E^5YRK+LY@TIS<1W=O.T/
M<-&,U.V7SR-,?;L\\@2)#B93$!54Z3$EW2/+MN=[RK>QH9K4YPR9)?>+D(6^
MBVY4G9CF6^IW>EQ3C8DDNES^8JQ3>)PM[]"]+&73&5A-_)A*4^J258W'CSZ5
M"J;ZKJ;U4>AT9[DCE1OH````````?__4W^``````!8'?2UY8M)2(5Q>>>LY"
M2/B26$'&BZ^9I6I]WW:I&X>4\>MS*RFN"45Z=7]"]9JOF:_2&-C)\6Y/T:+Z
M7ZC'$;L:B```````````!+,:,H,2_OC/1RNK_E\'3@HK*^)Z"TX1Z&238@)D
MN%_.00KL[^+<P\/\F<^J7Z-NDFO3+I7@R=A_PK>5E<X0Z8_I3K'V1ZGZ")BQ
M((`````````````2W!V4KR2%*<+5FI1*NG=2U+_-45V:R1EH?VY33:2]ZA4;
MY?\`D;7ERKK*/2OUM'[*EGLUGYVXXR?"+ZOV=5[:%04I2U*6LS4I:C4I1\34
MI1ZF9GYF9F.6'1CY```````````````````````55BM(HQ65G*;JJKF-)3)"
M5+<E+3]IFNB(_&G/_P![HVG[ZTEQ$O$P<G.N*UC6G*7/L7>WP7X4(V5EX^';
M=S(N*,>7:^Y+G^%2AV66F3+M?CS#E5!=0;4F6M:5W%BV?!294ILB*+'<+Q88
MY4&7!:G/$;[MGE[&PNF[?I=R>_X5X+GXOT)&E[AOF1E]5NQ6WC_VGXOEX+TM
MD+&Q%&``````````=VMAJL;&!7HUYYTV+#3IX\TE]MA.G`^.JQBOW59LWKSX
M0BY>I5,EFV[UZU:7&4DO6Z&?C;:&D(:;22&VT);0@O!*$$24I+W)26@X^VY-
MR;JVSJ:2BE%+1'V/#T```````````#';NQ_[/.YG^BZO_I%3C:/)?_Y/M/Z<
MOW)$#<_\#D>"^E'\K$?N\_(P``````&T_P#V9Z<[*W0W:8=,U>EAUB4&9Z_"
MY47YE^OX!Q#_`#M@H[#9DN=R/TH[%_E?>E=N9<)/X:>U,]8.]5NBD=[FWT3(
MMT<)G5TC+>WIE&Q=/W"M/;PW-DYGV.IJ+6O[7',EHUY'4UMIT;21+;2\ZB#"
M>F):=./RGR_RN[L?*V9*S@75-6\C^.\?^"E\N54\KIETMJL$G1=4E&JJ;/OG
MRWON/&[E6W%SL_PE>_B-]<:-6.I=23]YO71.5'0]V!R<W\````````/_U=_@
M``````8;;I6OS3-+3E5S,UW2JF?YOHTGZA/ZIKCHZ9L&/]WVO'JO>G6;]/#^
MS0Y[O=_Y^XWZ/W84BO1Q]M2W@NBI````````````EV-G\PA7F.*,R.?#7;0E
M%KHFQQ^-+G$A1%PY)5><AO\`OS0?D*W._@W<3-7Y$NB7Z-QJ/LETOPJ3\/\`
MBV\G$?Y4>J/Z5M.7MCU+QH1$61``````````````">XHWZ:ER.S/X5R"KZ*.
MKS/U3ZK&;R^SE8K4)4?L=T\QI_FV_2SBXR?Q2<GZ%1?2_4;3Y8LUNY.0UPBH
MKTZOZ%ZSY&BFX````````````````````'9B0Y4]]$:&PY(?7J9(;+71)?:6
MM1Z);;07%2E&24EQ,R(>I-M)+4\X:O@<LNSI:`C0WZ?(;DB,C(C-=%7.?SUI
M,CN9"/V4FF.1_><+@-IVSRS>O]-[.K;L_9_*?C]E>WN7$US</,%JQU6L.D[O
MVOR5X?:?L[WP(+96EA;RE3+*4Y*D*(D$IPR)+;:=>1EAI!):CL-Z_"A"4H27
M@1#><?&L8MJ-G'M*%M<E]?-OO>II]^_>R;CNW[CE<?-_5V+N6AT!G,0`````
M``````$]VQA>NS>C09&:([S\U9_L^CBO/M&?N-]*"_6*??KORMJRW7624?6T
MG[*EILMOYNY8RIHFWZDVO;0S/',3H@`````````````8[=V/_9YW,_T75_\`
M2*G&T>2__P`GVG].7[DB!N?^!R/!?2C6\^C;]*'87=#M]>W*[AMN6+W++F8X
MW(K,KQ^HFSZEQ<F2[%KOE>64UJW3M0Z5$1U7)':DO2);I..=-M"!W'_,W_,+
M==CW+'P=GNQ2<>INKI3@J=,HU;?5Q;225%5U.9^2?*&W7]L65N6&I9$GJIQ3
M:U=%22=-*/A5MNNA[$?]SEV`?]16&_\`N3MI_P#`@YC_`.[/G'_FX_\`S/\`
MS#<__1WEW_[9:_8M_P"J/^YR[`/^HK#?_<G;3_X$#_W9\X_\W'_YG_F#_P!'
M>7?_`+9:_8M_ZH_[G+L`_P"HK#?_`')VT_\`@0/_`'9\X_\`-Q_^9_Y@_P#1
MWEW_`.V6OV+?^J=*R^C1V#S:Z=#C;*X?!D2HDAAB:C!]MU*BNNM*0V^26L+C
M/'TE*(_@=:7P^%:%:*+[M_YM>;H7(2GD1E!-55;BJNROS'3U/P?`\EY,\O2C
M**VZTFU]B'^J>:/TA>W1/;)WU]TVW=763H.'L2JQ[$WGTRWH:HY4=X5O5U]C
M*YUSV:"Y6]%2:G''R92TITS6O4^A_P"9^Z1W?R5M>;U)SFXM]NK33:Y55'V5
MK0UGR=M:VG?=YQK<&L>L7'C2E'5)\^EU7;2E3T#[G\(P3)>\K!;G(.]?N#VW
MLL>O=B7F-HL0QK=ZWV-QB]FYHAO`V,WR[&FU[,[<Y-O%<1)-+'7D;L6PN(]F
MJ"V<AJ1&9'-=ARLNQY9R[5GROAWX3A?_`(TY65?E%0_B=$)?QKD;,6IOY:<8
M./6Z-29>;K8Q[N]X\[F^Y-J<96OX<8W':BW+W.J4?X4)7'6*ZZ.2ETZII'KX
M.<&Y@```````!__6W^`````=*QFM5M?.L7OW,&')F.\=-41F5O*(M?,R1H7O
M&6Q:E?O6K,?BG))>ET,=ZY&S:NWI?#&+;]"J8#2'W94A^2\KG>D/.ONK/Q4Z
M\M3CBC_OEJ,QUZ$(VX0MQ5(Q22\$<MG*4YRG)UDVV_%GPVVMU:&FD*<<<6EM
MMM!&I:UK,DH0E):FI2E'H1%XF/IM13E)TBD>).348JK9A-EOU(>PO!=VG=C\
MK[IMN:K<:):KH+6*B%FMIB-!D3<A,-Z@R'<VFQ2PVVIK*++-;,HWK4HT!UEQ
MN8]'6GE/X@LRY:^\VMMO2QJ54J13:[5!R4VN:]VKTHF67]+NK25^VKOV:OU-
MI.*?IIVM&;+C:FE<JN4_A0M*D+0ZTXVXA+C3S+S2EM/L/-*):'$*4A:%$I)F
M1D8]MW(781N6Y5@UHRNN6YVIRMW(M33HT?`^SY```````E.%_P#..%_P>V__
M``>>*_=/\#=_2A^_$G;;_C+?Z,_W)$6%@00`````````````N8EOT.,X_!TY
M7)GKKZ0GS/UCR8,+F/W1*XEI+R)WWCFGF7(^?NER*?NVXJ/UOVMKT&_[#8^3
MMUN37O3;E]2]B3*<*`N@``````````````````JQ0(\&,W87TDZV&ZCJ18Z4
M$Y:V22/_`'A#4I.C2O\`#NFADM>!J/@+#`VS+W&?3CV_<KK)_"O%_4M2%F;A
MC8,.J_/WN45Q?@OK>A&;?*I$QARMJV2IZ99ESQ&'#7)G<NO*NTG&279BN.O3
M+E82?V4$?$=`VW8\3;E&=.O)^T^7Z*Y>/'O-)W#>,G.;A7HQ_LKG^D^?T=Q%
M!=%2```````````````7JV/A]7(K.:9:IAU*FB\>#LN4QRGKX?NHZR_6-6\U
MW>G"L6N<KE?0D_K:-C\M6^K+O7.4;=/2VOJ3,HAH1NH`````````````64[B
MKY6,;+9W>HJ:&]570(#A5.3U;-U13.I=UD?DL:M]269;:"=YTDH^#B4J\A?^
M5\99>_;=C._<MJ4I>];DX37N2?NR6JX4\*HB9\_EXEZ?3&5%P:JN*XHQ8^FQ
MW$TW<ILG.SVJQ3"<(5,N4R%XYA=!`QYN.RMIRMZMK&KU*9DSRL:>4P;O#5+'
M+X)&Q_YB;+/9MRP[;R\B_;E:=)WINXZIU:BWP5&G3OJ5VQ9D<W&G<5N$'U<(
MI+UT\&>B0YZ7@```?AF1$9F9$1%J9GP(B+Q,S\B(`>1?:IW5TN[W>=O1M)2[
M?[8UG^K1QU^;FF.X?55N16Q99"G7]63EU%=5,6^]5MM.S#<+^(4^2O:.O^:_
M+5S:_)^W9]W<<R<[B@OESNRE;BU1.D&J*CJH]E#5-KW:WF;SGX4+%M.S2LE%
M)OJ3DM>/#CVU+!][]0U7]X$6P>RGM_4WDN6=NA?D^[W\WNQW=9ZT8W1V2;Q^
MY5L)AFVM]M_N`N@@XY=HA+L;5E"V[I$I]<<J=KJ_/E6XY^6Y05C,K"WD^_''
ML2M4^5?ZE]XG=C<M]3E#JZ8/X'%)_,=*C?H*.\J3NXU)3L^Z[MU7*]=JC^5&
M#A.BC*E9+XJNG0J^^(Y$="````````#_U]_@````%M-U[%^)B4J)%COOR+9U
MN%^`VXYT8Y'ZB4\YTTJT0;3/3XZ?O/<+SR]9A<W&W<N32A;3EJTJO@EKWNOH
M*;?;LK>!.W"#<[C2TY+BWZE3TF)C%79R7":C5TZ0Z?@VQ$D.N'^A#;:E&.B3
MOV(+JG>@H][2-$C9O3?3"U)R[DV=7*,3S$\>OJ^$NSPF[N\=R&FQO*IT&=#:
MQ[(K:EGU]'>]8VD.-KI;20U*U1^(CI<R>)$(EW)QLJQ>MX]Z%V257&,DVTFF
MUH^:T[-2;C6;V)DX]W)LSMV^KC*+27?JN7$_FP9QVU[_`&W^\LW8'+=I<^B;
MSL7KE"S@+&-VUIDE[8JDKCQWL;AU\:6[E%=;*3U84R!ZB--86EUEQ;:DJ/?[
M6=AWL59EO)A]UI7JJDEXUX-<TZ-/1EF[5Q3^6X/K^GP[3^@_VH[>9UM'VM]N
M6U>Y\CU&XFWFRV`XGF+?K6K(ZFXJZ5A!XPJP8-4>8O#8:V:A2VE.,\T$R:<<
M;)#BM+M3C=EDW[<:6;EZ<HZ4]URT=.75\7IUH]"JW*47D]*:;C&,6^]+7U</
M07\&8@```````2_'&SJX\W)Y.C;$:-.KZI*_M3[B=#<B)0R@]#<9KF))OO*\
M$Z(2?%9"MS9+(G:P(:RE*,I_FPC)/7L<FNF/I?(GXB^1"YFSTBHRC'\Z<E33
MNBGU/T+F1`61`````````````YXT=V9)CQ&$\[\I]J.RG]IU]Q+;:?UK40^+
MDXVX3N3?N13;\%JSZA"5R<+<564FDO%ESL@<95:R&(RN:)7I8JHAEX'&JV&X
M#2TEJ>A.DQS_`*5&..W[LK]^[>G\4Y-OTNIU.S;C9M6[4?AC%)>A4**,1D``
M`````````````.["KY=@M:(S?,EI!NR'G%H9C162^T]*DNJ0S'921?:4HB_6
M/J$)W)1A;BW-O1+5L^92C"+G.245Q;X(^)=_4T>K5.35S;(,R5;26>:KAN%Y
MUD)])'-=0KP>?23>O%+9\%#<-L\L.73>W%TC]A<?UGR\%KWHU?</,*CU6L#6
M7VWP_57/Q>G<^)`Y<R5/D.RYLAZ5)>5S.OR'%.NK/P+F6LS/0BX$7@1<"&Z6
M[5NS"-NU!1MK@DJ(U.Y<G=G*Y<FY3?%O5G6&0^````````````,%>\SZC7;#
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M,B!]D,R4V*A\E;?V&G]8G1(9*T/_`'G'6\HB,_A_W\6NG'V^0T;S9=K?P[-?
MA@Y?M.G]TW#RQ;I9RKO;)+U*O]XOP-2-H`````````````#';NQ_[/.YG^BZ
MO_I%3C:/)?\`^3[3^G+]R1`W/_`Y'@OI1H4[.]WG<-VOQ;*)M!F<FC@V#CKR
MH:G;)I,=Z1TCE*B2ZBQJ;)AF4;"%.,]<XZEIY^3G,U'^KLS:=LW>,(;EB0NQ
M3X2C&2]4DU7OI4Y5#-S<!2>)=<:^/U4?M)+?_6F^H+4NF3>YG,T1F1FNSW!,
MRX\-3+/2+0>V/('D^['79K%?]W:_\LH<[SEYDQ9^[D+H_7_UR-_]^']0/_K-
M1_RGN%_\?"1_[<^4/_LUC_\`;M?^65__`+@>8_\`F(_V_P#7'_?A_4#_`.LU
M'_*>X7_Q\'_MSY0_^S6/_P!NU_Y8_P#<#S'_`,Q'^W_KE/MOK8=_%U63JF=N
M3'=B6,5Z)(;>DYI-:4T\@T*)<2RS2;7R"(C^P\RZV?WDF7`9+7^7WE.S<A=M
M;39C<BZIJW;33[FH)KT,^9^?O,4XR@[\:-?G/Z9->M'J-_9O<GR#--^M_LLR
MJUEWF1Y`Y7VEQ;3EDN3.G2JO)''G5\J4-MH(SY4-H2EMI!$A"4I21%HG^=5N
MW9\MXEJU%1MQFDDN2JC;/\L;UW(S=TOWIN5V;3;?-M2/8KO17E>5=V.T>#)K
MLS3LT_N%M`K=C.J#>O<7-Z+$[>FM(^;X1CUUVE8'F>*2JER_RJFI6SRF5#O*
M.$S/^86+"&H2DN\D\L+'Q_+VXY?7:_J:LWOE6Y6+<)34DX3E'+N0FGTPE-_*
M3A.3CT0;<M-PWSYU[>,/'Z9_<G<M_,DKLY*+3ZHIX\)1:K)1_B-2BD^J2I'7
MV>',C>`````````__]#?X````````4ZS<J?3JBW#L!,6:2F#8L'&$-2B/0U-
M$B0HDNF7`]"U,O$9["R.M7,:,_F0UK%.J[].!AO.QT=&1*'1+2DJ4?KXD)D[
M<5,B&J)67>2U4!U)\L*OO9+E8:%>*?2R3D(6TKV$HO#Q%I#>\F%U7+^+8N7E
M^5*VE+UJFI73V?'G;<+.3>A:?*,WT^IUT+"YUMO-PYIJ>U+*RJWGB8-_HFP_
M&>4E2FT2&B6ZCD<))DE9*T,RT,B,RUV[:=[M;E*5F5OHR$JTK5-=STX=GTFK
M;GL]S;XQNQN==ANE:4:?>M?7]&A;07I3@``````2S*>9MO&HR2-$=K%ZQYEL
MB,D<\U3\R6\1?9-;TIU7,KQ/0B/P%=M])2SKCUF\B2;_`$:)+T)+3\9.SJQ6
M'#A!6(M?K5;?I;9$Q8D$```````````"98,B.S=*N)JU-0<?AOVS[R&B>4V\
M@T1*\T-*6VEQWYE*9-*>9/-H?$O$JK>/FSPWBV*?/OOH5>^KE7NZ4RQVKY<,
MI9-[^3976_111IW]31(6X%?//FJLBJ)JU?[WF/KIYIK/CR\EJF/&<6?^QO+U
M,<_R-DW/&JYXDG'MC[R]E:>FANUC=MOR*=&3%2[)>Z_;2OHJ<,RGM*\B7,@2
MH[:B(T/+97Z=PC\#;D)(V'"/7Q2HR%6TXMJ2HRQ332:>A31X>@``````````
MBUX%Q,^!$7F`*P]%@4K:).1O.,N+23C%'%-'S>4E1$:%R"61MU45?[;I&X9<
M4-J\1;;=LV7N,DX1Z;'.;X>CM?AZ6BLS]TQ<!4G+JO<HKCZ>Q>/H3(=<9+.M
M6RAMH:K:EM1*9JH/,B.:DZ$EZ6M1F]82M"_>/*49']DDEP'0-OVG$VV/\&%;
MW.3X^CL7<O34TG.W/*SY?Q94M<HKAZ>U][]%".BT*\```````````````U5?
MK:?3R[HMR>Y5_N>V5VVSO?3!MPL.P:CO*/;7'[K.,LVTR';S#Z?"WX-EA]!"
ML+QK%;ZNHFK5BR89=B%*DRFWU,N(1UIVT;EB8-N[A9MV-F2N2E&4FHQFIR<O
MB>G5%MQ<7K1)JJ9L5BN39LRLKJE&"C**XIQ5*TXT:5:\.*XF<7T.>R??/M2V
MSWMSS?O&K3;>_P!\I^W$3&-KLA85`S"IQ[;]G,I3^39G2.+.7C4RWG9D4:%7
M36V+%IN+(<?:;0ZP;D;<<VQN.;CSQ)=>/9A-.:^&4IN.D7^4DHU<E55:2;HZ
M1\^2M8[L3?\`&E-.G-))\>QNNBX\>ZON1XC$4IE]M%`<@X9%4ZTMER;-G3%(
M<0;:S(W"BH4:5:*T6W%(R,RXEIIPT'-_,=Y7=TN*,DU",8Z>%?I9OVP6G:VZ
M#DJ.4I/ZOJ+G"A+H`````````````,=N['_L\[F?Z+J_^D5.-H\E_P#Y/M/Z
M<OW)$#<_\#D>"^E&F?VI_35W>[Q<>LLEQ28Q24L77H2WX,6;UT)DOPNL\J?>
M8]$C-R)<5]MA)/.ONG'=5TTMI)9_I/?/->U>6W:_J%[IE-Z))MNE&](IO2JJ
M^&J5:LYYA;3D;E%RM+1<_P#M:,@[K^SI;^W!*)6XE6QS:_\`]N8X[IK_`/Y1
M;%59_P`W_+5IU4YO]6?_`)9BR_(>5E1:=U+T)_WD0)7]F>[A#,S3N]6)(S/0
MCPW'3,B]FO\`K>+703?_`'K\L?8GZI_^44C_`,K,ZKIN"I^@O_,/S_\`YG>X
M;_K?J_\`W,QW_P#V^/?_`'K\L?8GZI_^4>?^U>=_]Q7["_\`-.A:?V:GN+KZ
MRPG,;J0)[T.')E-0F<+HU.RG&&5N(8;3'W8ER5*=4G31IIUT]?@0M6B3^[7^
M='EBY<A;]Z/4TJOK25>UNW1+O;2[6D?,_P#*W/C&4EGIM+AT+_S#('^SW;8Y
M1LSW.=R&V69,,LY%B3U17S51E.KB2VG:&]FU]E!6^TP^N#:5TEJ0R:VT.=-T
MN9*5:I*K_P`Y,FUF>5\')LNMN<TU^TJKT/0L_P#+C#O8&Y;OAY"_BP<4Z<'I
M)IKN:::/2GNQJ\@JOJ#[=-QJG;]M_<W,MCW<#?N>V:3N/EF86>&6-,[N'3,[
MD7G;[N)6T>,XIMM#L+-UVGR.DDP[/T#C]A1,,2Y%GS3R]<LW/)V:Y7+U+%J_
M\Q1RE;A!34OER^7'(MN4IW7&*4[<U*/6E"\W%0V/>(W8>8\91A;K=G:Z*V.N
M4G%KK76[,THQ@G+W9Q:ETMRMI2<_=D<G-_````````#_T=_@```````!A_NQ
M>.6V72XI*/TM,15T='EU4D3DQPR\EJDJ-.OFE"1TGR[BK&VZW<I_$N^\_#\E
M>K7Q;-`WW)=_/N0K[EOW5X\_;IZ$5':?,VL?LGZNUF%'IK!!J0M]2NA#GHT-
M#NO$F6Y#>J%GP(U$@S,B(8/,.V2S+$;^/:KDP?+C*/9WT>J]-#+L6XQQ;TK-
M^Y3'FN?!2[>ZO!^@J.YFY,6^CN8]2))ZNZS2Y=BXA1'*6PLG&VXC:R2IMA+J
M2,UF1*69:$1)XJP[%L=S$G'-RG2]1TCV5TJ^^G+ESUX9MYWB&5"6)C*MFJK+
MMIK1=U>?/PXV1&U&M@````'Z1&HR2DC4I1D24D1F9F9Z$1$7$S,QXVDJO@..
MBXDJS#1FP@UGPF[24M552N0]4IG,Q^O/:UU/54>;)<;5X?$@^`K]M]ZS=O\`
MY-V[.:_1;I%^F*3]).W#W;MJSSM6XQ?Z259+T2;7H(H+$@@```````````2S
M_B[#M?LOY);:>''Y91-ZGQUX(D6,XOTG']PKOYVY_F6+?]JY^*,?[1._D[?^
M=>N?V8?CE+^R1,6)!*K77ES4'K66DZ"1Z\R(TEUMIPC\2=92KI.I/V*29"/?
MQ,7)5,C'A/Q2;]?%&>SDY&.ZV+\H^#:]G`D+>;2'>%O3TUL1_:>*+\JFGIY^
MHJ50VUKT\W&W!1Y'E?;;M7:Z[<NYU7J=7[46]CS%GVZ*[TW%WJC]:HO8RH-6
MN(S="4NXHG3+4R>;8N81'PU+K,>@F(3[/P7#%'D>4\R%7CWH7%V/W7]:]I;V
M/,N+.BOVIP?=[R^I^P[[=*<P_P#-%G47.O%+<.<AF8:?(_E]@4*<9^TDMJT,
M4>1MF?BU^?B34>VE5ZU5>TN+&X86116<F#?96C]3H_84^5!FP5].;$DQ'./P
M26'6%'IXZ)=2DS(028=4``!48-9(G)=>2;4:%'XR[&8X4>#%3_LKZN!N*+[+
M:24XO[J3&6S9NW[D;5FVY7'P2U,=V[;LPE<NS48+BV=.7E$*I)3&,H-Z7IRN
M9#-9(GTJ^]\GA.$I,%/D3SG,^?BGIGP&[;9Y8A;Z;VX>]<^PN"\7S\%IXHU+
M</,,Y]5K!]V'VWQ?@N7B]?`@;KKK[CCSSCCSSJU..NNK4XXXM1ZJ6XM9FI:U
M&>IF9ZF-MC&,(J,(I17!+1(UB4I2;E)MR?%LXQ]'@````````````````%Q\
M9VOR7(VF9G3:K*U\B6W,G&9+>:/0R<C1$$;[J5)/5)JY$*+P4*3.W[!PI3M=
M3N7URCR?8WP7?Q:["WP]ES,R,;E%"R^<N:[EQ?=P3[2^E!M'BM.2'9K*[R6G
M0S<L"+TI*+QZ<!!]$T'['3=_2-3S/,>X9-8VI*U;[(\?VN/JH;-B[#@X]'<C
M\VYVRX?L\/74N,Q`@Q20F-#B1TMEHVEB.RR2"TTT03:$DDM.'`4D[MVXV[EV
M4F^UMEQ"U;@DH6XI+L21VQC/L```````````````MWNS@/\`K0V\R;`OFWR/
M\Q18L;YKZ#YGZ/TUC#G\_H?65_J.?TG)IUD:<VNIZ:':;+N7](W/$W+Y/S/E
M-OIKTUK%QXTE3C7@S!DV/O-BY9ZJ=2XTKSKPT+0]IW;!1=J&W4C;?';PKZI.
MR*;"?54.53T2,F*TPF$Z;]S=R)ID\EQWJ+=(^9T^'B9VGFKS-/S1FV,R>+\E
MPM]-.OKKJW7X8TXI4IRXD;;=OCMUF5F-SJ3=>%/K9E$-7+``````P8V:['L9
MV:[A]PNX:HRI,RZW)4\5_3-XX[7LK993.CT;:9AY).CI53P9ZF>=$1LWTI3S
M<O*DBWS>O/%W>?+^'L-S`Z8V5&D_F=5>FE7T]"^)JOQ.G>4F'LMG#W#)W&%S
M^)=^)4IPK3F^"=.&I1-V^QZQW)[I<<[G:C=ZVPRXH:S$\=75UEOW$U\Z9B6/
MWD._M<2]1@G=%MY@?Y;R2PA)>DP)&+RX,A_\2:S-/5*H>W>:H8.P7]BN;;&[
M:G*<JM8[2G*+BITN8MRYU13HI*ZI):1<2/F;#+*W:UNL,V4)Q48T3O)N*:;C
M[E^$.F36J<&F_B4CT"&GFQ@```````!__]+?X``````%%R&\AXY43;>:?X45
MLS0T2B)<A]7PL1FM?%;SAD7N+4SX$8E8>)<S<FUC6OBD^/8N;?@OQ$;+R;>'
MCW,BX_=BN':^27B8,6$Z19SIEC*5SR9TE^6^HN!&Z^XIU9)+CRH(U:$7D7`=
M7LVH6+5JS;7N0BDO!*AS.[<E>NW+LW[\I-OQ>IU!E/@``````"4QJ:O@PV;'
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M,NF,I$``````````/TB-1D1$9F9D1$1:F9GP(B(N)F9CSAJ^`)5EYE'L(M*@
M]6\>K8E2HB,N7UJ"5+M5$E)F1&=K*>+S,R26HK]M779N93^*]-S_`%>$/["1
M.W#W+L,9<+,%'T\9?VFR*"Q((``````$@@95D5:@F8EO,*.1$11)"TS86A>!
M>BFID1#X?S/`0<C;<#*K\_$@V^=*/UJC]I,L;AFXU/DY,TERK5>IU7L*TWF4
M60>EOCE:^?G(J7'J63J>FJC0WZFN/W$4<A1Y'E3#G5X]Z=N7?[R^I^TM['F7
M*A17[,)KN]U_6O8=TKG#FVSE(;O9+R"+DJ)*(C#3CA\2-VVC/*6<9'WB3'0X
MKR-/B59'REE?.49Y$/D<VJU]5%KZ:%A+S-C?*<H6)_.['2GKKP]!$[C(+&Z4
MA,E;;,-@U'$K8B/3U\,E:Z]".DS(UF1_$XLUNK^\HQM^#MV)M]OHQK='SD]9
M/Q?U*B[C5\S.R<Z?7?N57)+@O!?7Q[RB"<1``````````````^T-J<-6AH2E
MMIY]UQUQMEEB/':6_)DR'WE(9CQ8S#:G'7%J2AMM)J49)(S&.Y<A:A*Y<DE!
M<_P[>2XMGW;MW+TXV[4'*;X)%K-O-\MC-WK>_P`>VDWOV=W4R#%F7I.0T.W.
MYV%YI=54..^J+(L7ZS'KJPF/5,>0GD7,90[$09EJX1*29_#OQB[:NVKMOK=(
MN<)P4GV)R257R3U?82KFWY5N$KC@G&/'IE&5/%)MT[^'>70\1G(1>+"-K;J;
M:U\W(*Q42D013'$27&"=F<FALQ%1$NJE-)=69&OJ(073(R\3(:SNN_XMK'O6
ML._U93]W1.D>UUI1TY4;UH;!MNR9-R_:N9=GIQEKK2K[%2M57G5+0RI(B21$
M1$1$1$1$6A$1<"(B+@1$0Y_QU?$W@_0`````````````````````````````
M`````````````'__T]_@``````6`WC@95;3*V+75-A.IHS'7U@1W)?4L75NM
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M`````````!)L0CM.7L:5)3S0ZAN1>3"\E,U+*YJ6E>Z3(:0T7M-PA`W*<HXD
M[<'_`!;C4%XS?37T)M^@F8$8O)A.:_AVTYOPBJT]+27I(_(?=E2'Y3ZC6_)>
M=?>6?BMUY:G'%'KJ>JEJ,Q,A"-N$+<%2,4DO!:$6<Y7)RG)UDVV_%G"/L^0`
M```````````````````````````\S/K$P]WI_P!.S?1C9U-PY+1-PJ5N>QCR
M9:KJ1LC%N'7<\0PF`A4Y=2S8_*G[@D:-_(V9IR#](4@C8[LK=-M>13Y75+IK
MP^8U[E>5:=2C^<XTUH6NV4IEJ/\`-Z5X]-?>I[*]U>533V^G5!WCG=\7:^6P
MZ+;_`%CQ-X<-G0Y-6B2IF!CD:U85G4[(U1FW";PEC"3L/GIO)5&54')2\2FE
M*2>R[T\=;5GK*I\IVVN]R_)4?SNJG337JI34L<?J^=;<>3U[*<Z]U*U[C^EC
MM1A\:TMYF2/QS54UTMU%,V\@^5^3U%*;>,EZ\Z8+7+X_TJB\TF.6^8=RG8Q[
M>#"?_$3BNMKDNS]9^SQ&Q;?"]D7,R4/X$)>Y7F^W]5>WP,EQHQN0````````
M````````````````````````````````````!__4W^`````````````'$\RS
M):<8D--/L.I-#K+S:'6G$'XI<;62D+2?L,C(?492A)3A)J:X-:->D^91C.+C
M.*<7Q3U11CQ7&#97'_+M&3#AZK:3504(4K30E<J6"(EEY'XEY"3_`%#/ZE/[
M[=ZUSZY?C(_W'"Z7#[I:Z7RZ8_B(I(VOQI%C#N*F,=;.KWTRV66W5KKWY+.K
MD8WV'>LII+;Y)5^$:2T+BDQ80W[.=B[C9$^NU-4;I[R3XT:I6JKQKXD&6R8:
MO6\BQ#HNP=4J^ZVN%4ZTUIP]1CK?[?9?2.O.2ZU^<SS+<785R5SHZR,S4MUP
MVT$^PG774W4(&ZX>\[;E1C&W?4)<.F7NOP['Z&S4<K:L_&E)W++E'[4?>7CV
MKTI$*0XZR9FVXXTHRT,T+4@]-?`S29'IJ0M'&,E[R317)N/!M,XS,S,S,S,S
M/4S/B9F?B9G[1Z>`>@``````````ED+_`#?B=M-^R_>SHU''/[*O103:M;0T
MGXFE4@H:#TX&1F1^P5UW^-N./:_(M0=Q_I2K"'LZWZB=;_A8&1<_*NR4%X+W
MI>WH1$Q8D$``````````````````````````````YH\F1$>;DQ7G([[1F;;K
M2S0XDS(TJT4DR/125&1EX&1F1\!\7+<+L)6[D%*#XIZIGU"<[<XSMR<9K@UH
MRN[&=N.VU+9W&38;M1M=MC$OUFG)K;;K;+!=O[O-UI=0ZY%N;;$<?I;&ZB]=
ME*GER7'=5H22?C3S(UK>=RL;>HVK4I7,U+W>N<YJW7FE.4DG3@DEVO31[+MN
M-F;DNO)N4PJZT2BYTY5BDVNUOP6NJSBC1H\..U%B,-1HS"";988;2TTTA/@A
M#:")*4E[AHD[D[LY7+DW*;=6WJV;?"$+<8PMQ48+@EHD<X^#Z```````````
M``````````````````````````````````/_U=_@```````````````````$
M1O\`!<8R0EJL:UI,I>O^<(9%%G$H_OJ>;3H^9:\"=2XGW"RP]VS\&BLWW\M?
MDO6/J?#T4(&5MF%F5=VRNM_E+27KY^FI8S(MEKB#U)%!*1;QRU445[DBV"$E
MQY4FI119)D1>)*;49\"28VO"\T8UVD,RV[<^U:Q_&O;XFLY?ES(M5GBS^9#L
M>DOQ/V>!9V7#EP'UQ9T61#DMGHY'E,N,/(U\.9MU*5D1^7#B-EMW;=Z"N6KB
ME!\TZKUHU^Y;N6I.%V#C-<FJ/VG6&0^`````````EF4_P::2A+@=14L.2T^9
M6=O_`)TFDKRYV6Y#3)^SHZ>0KL#^*\K+_P!I<=/T8>Y'UT<O23LW^&L;%_V=
MM5_2G[S]55'T$3%B00```````````.9N,^ZU(?;:6J/#;)Z7(Y3*/$9,^4G9
M4A6C,9HSX<RU)3KYC%=OV;"3O78Q3X5:5?#M,EJQ>OMJS:E)KL3=/&A]28LF
M&M+<J.]'<6VAY"7FUMFMEPM6WF^<BYVG$\4J+5*BXD8]MW;5Z/7:N1E#M3JO
M8>7+5RS+HNVW&?8U1^TZXR'P`````````````%5HZMZ[N*VI8)7//F,QS4DM
M3;:6LNN\9<?A89)2S]A),1\O(CBXU_(EPA%OQ?)>EZ&?&L2R<BS8CQE)+T<W
MZ%J9W0X<:OB1H,-I+$6(RW'8:06B4--))*$^TST+B9\3/B?$<DNW)WKD[MR5
M;DG5OO9TZW;A:MPMVXTA%42[CLCX/L``````````````````````````````
M````````````````#__6W^```````````````````````%&N<>I<@8]/<5T:
M:@B,D+<1ROL\WB;$ELT2&#/^8HM1)QLS*PY]>->E!]W!^*X/THCY&)CY<>C(
MLJ2[^*\'Q7H+(9%L@HNI(QFPYBXJ*NLST5YGRL3FT\IGY)2X@O>L;7A>:EI#
M/L_K1^N+^I^"-:R_+;UGA7?U9?5)?6O260MJ2VHI'I;>ODP'N)I)]&B'2+Q4
MR\DU,OH(_O(4HM1M6/E8V7#YF->C./=R\5Q7I-:OXU_%GT9%IQEW\_!\'Z"E
M"080```KV,0&K*^K(LC^J%(]3./372!!0N;//R\(D=8AY]Z5C#OW(?S.FD?T
MI>['VM$G"M1O95F$_P"76LOT8ZR]B93[.>[:6,^R?_?3YDB6X6IGRJD.K=-!
M&?W4<VA>PB&:Q9CCV+-B'PPBEZE0Q7KLK]Z[>E\4I-^MU.B,QC``````````
M``U%?[0WN[O&[W$;=[(3;C(:?8VJVCQ?.,9Q>-)GPL6S+*KVYR1C(\VM(R>E
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MPMMLP73>OR^;SZ4FD^S5^]3GP78WQ/5+;/<G`]Y=N<(W<VNR.-EVW6XU`SDF
M(Y%%9>C%.KU2I5=,C3(4E*9-;<TES7RJ^PB.D3L.?%>97\2#,8+<Y2=R%RVX
M7X2Z91?)Z/CS3333YIIE?DX\L:XH.2<6JIKFNWUIIKDTR;#(1P```J-=46EN
M[T:NNF3W-=#3%CNO$GPU-Q2$FEM):EJ:C(B&"]DX^-'JOWHPCWM(RV<>_D2Z
M;%J4WW)LO!CNREI+Y7\CEIJV>!^CB&U*G*+AJ2WB-<2/P/@9=8]?$B&MYOFF
MQ;K#"M_,E]IU4?5Q?L-@Q/+E^Y269<Z(]BHY>O@O:7RQW#<>Q=/^:8"42%(Y
M')SZC?FNIUU,C?7^[2KS2V2$'H7`:GF[GFY[_P"(O5A72*TBO1];JS9L3;L3
M"7\"U2=-9/5OT_BHB4B`30``````````````````````````````````````
M``````````__U]_@``````````````````````````=.=7PK.,Y#L(K$R*Z6
MCC$AM+K9\#(E$2B/E6G7X5%HI)\2,C&2U>NV+D;MFXXW%S3H8[MJW>@[=V"E
M!\GJ8T[@[6O5"RL\9BRYE:X:O4P6R7*D5Z_M$ILB)3[T-2?,^92#+XC,C(RW
MG9]_CDKY&?<C&^N$GHI>/)/U)\C3MUV26._G84)2LOC'BX_6U]',LNI*D*-"
MTJ0M)Z*2HC2I)^PTGH9&-H332:=4:XTTZ-:GR/02O'OX6KRJU^\S4MU$<_#^
M(O92(SA:^TZMB5P\R%=F_P`3(V_'Y.XYOPMJO[SB3L3W+&=?[+?0O&;I^ZI$
M4%B00`````````````LCOQVT=O?=%CE1B?<1L_B6[-+CTR1/QT[UW(*6^QU^
M:316",?S/"KS%LUI8-H<=I4N)&L6HDM;+2GFEJ;;-.-1N6[KOXV1.S>:HW&F
MJ7#JC)2BZ<FXU7)DRQFW;$/E],9VJUI*M$^YIIKT.A)-H=F=H^W_``2%MCL=
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M3?\``CC6XYESY.3"*4HM/BE3W*+WT^735\FD]#8NA7:W+$E*T]:U6GZ6ONM<
MZ_0;6W8+VU7G:)VA[.["99=0[W-<9A9%?YM(JIZ[*AKLIS?)K3*)^.X],41-
MR*O'(]@S#6ZS_#RIS4B2UJAXE*I'=EE969F.VX1N272GH^F,5%.2Y.5&Z<4J
M)ZHJ=QNVYSM6[<E)0C1M<&VVW1\TJT[*U:T9F`/LKR146*7^2.$BHK7Y#?,2
M5RE)Z,)KCQZDIWE9(R\>4C-9Z<",0LO<,/!C7)OJ+[.,GX):_42\7!RLR5,>
MRVNW@EXMZ?69%XCM'3TO3F7?2NK,M%$TM!G615EQ_#861'*67[3I<OL01EJ-
M*W+S'DY5;6+6U8[?RGXOEX+ULV[`V''QJ7,FER]V?DKT<_%^HNZE"4)2A"4H
M0DB2E"2)*4I+@1)26A$1$-<;;;;=67R2222T/H>'H```````````````````
M````````````````````````````````'__0W^``````````````````````
M````````==^)$E:>IBQY&FFG79;=TTU,M.HE6FG,?\H^X7+EOX+DEX-H^)6X
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M!!;E8```````````!>?9/1V^MHCL-J3&?J3<===90Z3*VI3*6T<RR-)(?2^L
MC3XJY2/P28U?S3[N)CW(W7&:N:).E:IU]5%KR])L7EO7*OVW;3@[>M5PHU]-
M7IS]!>S+Z-/Y2R")C]7'9FS(:4$S7Q&&'9*2>;-UO1I".JHV.<B+B9ZZ%Q,:
MMMN6_P"HX=S,OR=J,N,FVEHZ<>&M#8]PQ5]PR[>)92N2CPBDF]=>''2ICYC^
MTV4W#Z#GQCHX/-^+(G$7J#21Z*2Q!)?76Y[.?IH,OO>0W+,\Q;?C0?R;GS;W
M)1X>F7#U5?<:IB;%G9$E\V'RK7-RX^B/'UT7>9(8]A6/8U%]/`@-..N-FW)F
MRT(D3)1*3RK2ZXI.B&EEXMH)+?NUU,])S=TS<ZYUWKS44ZJ*TBO!=O>ZOO-P
MQ-MQ,.'1:M)R:U;U;\7V=RHNXA]_LYCMM(.57//4;KBC4\U%;0_"4:N)FW%6
MIOTYZ^2%D@B\$D++#\RYN/!6[T5=BN#;I+TO6OI5>\KLKR_B7Y.=F3M2?%)5
MCZN7H=.X[E!M)BM/R.RV5W<M.A]2PY3BI5_,@H_`-)^QSJ^XQBS/,6X9-8VY
M*U;[(\?VN/JH9,78<''I*Y%W;GYW#]GAZZES6FFF6T-,MH::;22&VFD);;0D
MN!)0A!$E*2+R(A12E*3<I2;D^;+I144HQ244?8\/0```````````````````
M```````````````````````````````````#_]'?X```````````````````
M```````````````````6QS+;&FR5IR3!;8J;GXEIE,M$B-*6?BB<PV1$KF/^
MD274(SU/F+X1?;9OV3@RC"])W,7L;U7Z+?T/3PXE+N.RX^9&4[25O([5P?Z2
M^OCX\"P_^J?.C?<9*G0:6U&GK_,*Y+"RT,TK;-4I+BDJ+^;J7F1&-M_]0[3T
M1E]Y=7RZ95].E/;X&L?T+<^IQ^[Z+GU1I])VBV?S<W.3T<(D_P"%.PC]/P(_
M`C-WW?9&/_U+M737YDZ]G2Z_B]I]_P#I_<JT^7&G;U+_`+?8=:=M/F\(C4FL
M;G(+754&9'=/QTX,N+9D*U]R#&2SYAVJ[H[[@_SDU[55>T^+NQ;E;U5E27YK
M3]CH_80N;2W%::BL*NQ@FDS(SE0Y#">''4E.MI29&7$C(]#(6EK*QKZ3LY$)
M^$D_H977,?(L_P`VQ./BFOI.O#@3K%XH]?#E37STT9B,.R'./GR-)6K3WCZN
MWK5B/7>NQA#M;27M/BW:NWI=%JW*4NQ)M^PNC1;.9-9FAVT4Q1Q5:&?7-,F:
M:3T,C1$87R),_,G'&U%[!0Y?F;!L5CCIW;G=I'UOZDR[Q?+V;>H[[5J'?J_4
MOK:+E-['XLE*.K8WSBR(N<TR*]MM9EXZ(^6K6A)^SF,R]HHY>:]P;?39LI>$
MG_>^HN%Y:P4EU7KK?C'_`%?K+D4&-4V,Q#B4\-$9"S)3[QF;DF2M.NBY$A>K
MCG+S'RIU)*=3Y2+44>9G96?<^9DW7)K@N"7@N7TOF7&+AX^%#Y>/;HGQ?-^+
M_!+D5X1"4```````````````````````````````````````````````````
-``````````````?_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g614029g39e12.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g614029g39e12.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0L.4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!"@```=,````&`&<`,P`Y
M`&4`,0`R`````0`````````````````````````!``````````````'3```!
M"@`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"'$````!````<````$``
M``%0``!4````"%4`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!``'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U*VKU`WW%I:[<"(Y']8*H_&&'B9#J;+"?3]I>\OV[0=NS>K=GJP/2
MVS.NZ8B/)5+?MOV+)^U>E_-G;Z6[F';YW_\`124WE%[VL8Y[M&M!)/.@^"H?
M;A?D'#;E8I<XECF5V?IA#8NVL_-LK>'K/Z7U?"ZIF.;4,H.%;[7,N+341[*]
MCJV.?_I-R2G;9F8MEII9:QUHW`L!!/MT?I_(W(RYKZL]8S.H67&^JDFIE9;Z
M3-A][G"SW.<_\T;EO8]V187"VGT@.#O#I\/HI*3I)))*4DDDDI22222E))))
M*?_0]-;F5N:7`.#6V.K)(@2T%VZ3^9IMW(+\L9.)D?HK:BVN2+6[?I`Z#^K^
M>GZ>*:F7-%@(-]FID>Z=[VC?^[[E/(OIMQ+_`$K&V0PSM(,2#'T4E/)]+_\`
M%@[_`,,Y7_HY1^IO_*-G_A5__5TJ72__`!8._P##.5_Z.4?J;_RC9_X5?_U=
M*2D?U=UZ?U@'_N%_WVY7OJ2YE3LTQ`/H@D#0?S_N=_)5+ZN_\G]7_P#"7_?;
MDW1[K:>D]8MI>ZNQK*"U[3!'NLX**GM<?*]=Q;Z5E<"9>`/^I<[_`%_MHZYW
MZK]1M=@9=^=>^QM5H&]Y+BT%K/#^4Y;U&13DU^K2[>R2)'BT[7<H*2))))*4
MDDJ]V;139Z3YW;=V@/'N_P`[Z'YJ2FPJ]F?AU.:RRP-<^0T$'4M<*7=O]*YK
M$#*O<+ACMS/1M+VEK?3W:.V@5\?G._/5:S*R&]4]`.`K-C6ENUNH(;N]VW=W
M24__T?2\?$+66C(#7&RU]@`)(`<-OYW\A-?C8]&)?Z-3*]S"#L:&S`.WZ/[J
MM$2".)5)^*<?$R/TUMVZN!ZKMT;0?HZ?G?GI*>7Z7_XL'?\`AG*_]'*/U-_Y
M1L_\*O\`^KI4NE_^+!W_`(9RO_1RC]3?^4;/_"K_`/JZ4E,/J[_R?U?_`,)?
M]]N0^F_\B]9_XO'_`.JL1/J[_P`G]7_\)?\`?;D/IO\`R+UG_B\?_JK$5-OI
M&7D8?U=ZCDXSMES+Z]KB`Z-WHL=[7?R7+;Z!U/)R>E'*S";K/5>SV,$P#I[&
M+GL/_P`2W5/^/J_ZK'4Z\C(Q_JHQ^/:^EYS""ZMQ:8.[VRU)3V#\EPK;9719
M9+BTM@-<`)&_;:6>W1-;?E,K:ZO&-KW?2:'M&W4?G/VKC,W)R;>@]/LMNL?8
M<BX%Y>[<0-^T%TINKC?T#HY?[CLMU=J?S>Y04]#UOK&'@OH&6W)9:ZLV106Z
M#0/KLE[6N6;U_KG4\?J%;,/(-5#Z:K`PL83+RZ9+V/=]%4/K)_1NF?\`A$?D
M8F^L?_*&/_X6H_*])3T6;_RS7_6J_P"J4;O^6O\`KS/R-4LW_EFO^M5_U2C=
M_P`M?]>9^1J2G__2]50+Z[[675#:&N9%9),[CNW;_P"1]!'224\I@]*OJZX<
M\9./8[U;K#C@O#QZAM;MG:[Z#G;?YK\Q1Z!TNWI^6ZUN5C9)=4ZGTV%X=)V7
M<18[VM9]#:NI&/0WZ-;!I&C1PF^S8_\`HF=Q]$=QM_ZE)3RO2NDVXN-G4MRL
M:_[5C&O<S?[``YGJENU^]OZ51Q.D65=/ZACC,Q;/M+:FE[2[V;'O;N>T;MS7
M/]GYBZWT*((]-L'D0-4"]^%02U]7(#SMK+A&YK=Q+6[?:]__`'])3SE'2K:^
MBYN']JQW-NLKL=D#?L8`6?3]I_T/^D2/2K#T,8/VO&AF2;'7R[:"6[_2<V/:
M[8_=_.+HV78%H<QK06M!>1Z9B&_2+99[_I?FJ+LGI[2ZMU<%CC+?2<=?H[QM
M8?S?STE/-V='LLZ7C8@S,:,>ZUQNEY:7.U-4?F6,W_OHF9T:_(Z=@80RL9KL
M86,]27D/.F[:V!MV_P!=="<CIX.US(@D-FLD?F26N#2W;[JU*NW!ML%;&@O`
M,2PB-??[G-VI*>=ZKT3)S6X5/VG'I=5CMI;NWG?.UK7LT9^[]!1ZGT7(SLJJ
MT9./4645-V.%A)#=SA8-&?SBZLTTD@EC20``8&@'"88]`XK:.!P.!HW_`*E)
M3CY+;7YXR#9CLV;'["]TD-_2;M_ICZ34UE=QZ@[(-F.TLM:75%S]P(VC;/I_
MG?U%LFBAQ)-;23S('AM_ZE.**020QLDR3`Y/?\4E/__9`#A"24T$(0``````
M50````$!````#P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<````!,`
M00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'``(``V`"X`,`````$`.$))
M300&```````'``@``0`!`0#_[@`.061O8F4`9$`````!_]L`A``!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`@("`@("`@("
M`@(#`P,#`P,#`P,#`0$!`0$!`0$!`0$"`@$"`@,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P/_P``1"`$*`=,#`1$`
M`A$!`Q$!_]T`!``[_\0`J@`!``(#`0$!`0$```````````D*!@<(!00#`@$!
M`0`#`0`````````````````!`@,$$```!@(!`0()!PD#"08'`0`"`P0%!@<`
M`0@)$3@2$Q05=K8W=[<AM'6U%H<9-A=7Q]=(>)@Y,2*605/455;6EQC8TB.3
ME=5846$R0C,D)301`0`!!`(!!`,!``,!```````!$0(R`S%Q02%1@9%A$D(3
MH;%28O_:``P#`0`"$0,1`#\`O\8#`TY=C)-7V(JT\5N5703>WH7A[DMH,K+!
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MN=7AK0FGF&GG-Z!T4'%)S#!;,,)`$0NP6]ZR43%)F&=6_:\)HJK9_<ED.*AH
M@-915YFDP=$C<N=U*"/L*,Q>YJB&QM(4N"\TE,4(6BB2QF#WKL#K>\(B*^C8
M^`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P
M&`P&`P&`P&`P&`P&!__0O\8#`TE>5.NUT,#(PM=T6G2VF>0I)"H<ZM04XZ*I
M")"2=I&SR)NNJH[AC2]D3+3`+`E`0$F>5IRA[,WH&@X/AA8:.MI&`AN;.5UU
MA3@K-\C"F4/371#Y*%M@N,[;98VV:8U#HQ'#4KLW,Q*UC,0ID1#$-I5@`G;4
MBM.!<(FL>SZW'C!#7-P0S!6\OQMKMUH1BY$MG[\V%O(9S%(`YU4B)\TID*9D
M(ARZLI`[1]6UIR2-FMKRN&`\MP4"7Z%6.M'$"(1=T52R&3:=16QGUNMYKF=B
MMZED/D4M+NR6HYM)W-:2L9CF9(_11_0%&10\I-XA@)+TFT0H1B-3FBKHJ`06
M+5?`X36D':RF.%5W$8W!8>R$#--)9XM$F9$P1]K),/&8<84WM+>22$0Q"%O0
M.W>][^7"'&/53_IN<W_X:+8]5'#(GA:W*'?F2J8#`8#`8#`8#`8#`8#`8#`8
M#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`__1O\8#
M`8#`8#`8'`?53_IN<W_X:+8]5'#(GA:W*'?F2J8#`8#`8#`8#`8#`8#`8#`8
M#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`__2O\8#
M`8#`8#`8'`?53_IN<W_X:+8]5'#(GA:W*'?F2J8#`8#`8#`\E_)>5#$])XXM
M1-LA/:7$EA<7%(->WH'DU&<!K6KT)9I!BQ$E7"`,TH(P",`'8="UO?;@<I\=
M$ENL-M<B(?*KAEMYU/'C:V.@LTL%FKQKF,>LM[3S-PN&L@JZTA%>Q]^B,6:-
MQ-P;U.VWQR56]KFX1P_(-%DDSX]W)33S%FT>K:B.4TND#XLA5R\IKNJ275QY
MJ9C&V)5/'%O(]'7ZN-D(T*5W+FT6U3S0H=51RU26YZ6.@-E:UMNT@A-/#YFC
MF%<R^@9--9&2^0SD;-..)'+*L:K?$E>LD$3TT*00TZ01&N'[:^0>>K2BS!+F
M9D7*IF(D`Y8\)3DK>G:U(TP12*_AUKPEN@^]8%8\N+>Y<L8FJXY##8U%+192
MXU=M8(XS$H.CD%>W9'`MS<H9)T@GHWA>F)4:.4#CCBUFF'&;,\+)1/H[+P@P
M&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!_]._
MQ@,!@,!@,!@<!]5/^FYS?_AHMCU4<,B>%K<H=^9*I@,!@<\5C:\ME]X<CJQD
M#7'$3/42VL`Q18S#<SG-S;YY%%S^H-D)RTP"7:TDU,'0"TQ!8"@[V'8SMZT/
M"?$.=9KS,D47?KGD`6R,$UMQ^Y<4!Q7G4>6M3Z=83V&^T/')$W6.S/);ZC:6
M5N89-R40&!0&-+CYS:F52,I64H4EE)Q3AY17-QP8>0MV0^VW)GIBMJ@A=I6(
MBC%A4C:C%.K*K:H&PDR8VA6%OJY875$_C#:8+3DH0M38I=43:I3@/*!L0U`8
M33TBC<W'V\7#DK!Y*6[/:*K9L_0UGD9=:,"5<EN"F(C9+4Y_8&2O[G-4!K))
M'QR3(CE*9Q0L)T7+=4:I"E4O)*$Q8HE$Q1\\<XGR"#0YPC46Y.<B7-P-5PL3
M`]S"15Z>9$D<>F*"3OY;<BC%71MO>A34M,(IY\ZDK5#B5X16E*;RE2<8*_AF
M+?Q2K!"YL!IATC<XM$[+M&WHM7#HJ9E,&89_<"2:)9H\)4@&(E^6ICMV9)C4
MB%8X*4"(U^4;*)"$A`%&*L1!PAJ(R*L,/=G>?2%J@U<-U454:]/;.<Y5/"66
M90*>L;=$%Z..HCG-6UR6I8B=Y7(//:I9J,H0K#%/:K\J%6]:ZJ=AKARL&0(W
M)[D,IM*3MLMG,HD6V0+H]NS-#8S`6?0DT;9(XQHDC9%HBB3EEIT97A"`,P>Q
MF&#%LAM#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`
M8#`8#`__U+_&`P-56S*[.C3&2&H*R:;2FZWRTY&R2F=**PAR=$V)O*%9KY.T
ML*L)0VK5IHRDK>F):%9BI4?K9GB$A*M6F#3A/+>.ZXCL'*MRB#VRE2*-Q(Y#
M7+BL1A>_SASB2M-?1JNMO2<L]L.-=++?$K02YE!&D-`<!4#0BA:ULFGK1C;M
MS&TQ6-J@W2$,P>1#A84`A$;@:.=KE42?6RPJYLJUF^;ZFYD"3/*".MD0I28Z
M5^''Q'!<&+:<`1A4D'"%//AY\9YI'6%,GJIJVKA!([E@+?;BRV(4YST]B;(<
MHJB;-<$3-[3)$\&?%$E4V>N=-.$9V<WM8#V@HPY?MO4:"D$*>?#JJI+/B5V5
M97%Q0)6<NA-IP:*V%$U2HD*98;'I@R(G]I\N2A-.\C<`(EX`J"-B$(D[0@;W
MVAWA'#D7JI_TW.;_`/#1;'JHX9$\+6Y0Z4(N,@[D$OH(R*/*18CJ=/:Y$P4+
M&<3(ZH#Y4"*C:FY`D7*G@"E&KV(1QBLI*'Y-:+":'?AZE7Q5K*^.6+!24D>X
MH)B3R!_BU./5\O#&JDA,;?9'`8^\F,+DV5.VG-+IJQK$"ZA)3A:-FMI`5#BW
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MV^+5#M+'-[(-VD&><2T^3F!(..VI/,$)GV<$=0GG;=O&"YXS`:V2P<]C=ZP9
M9>K')F%P=%^G9?*YJRGA*4)'QL+`DTCCY&P@V7L6A[%OPMZWK6M++(NBLLK[
MIB:0X2_%[Y7?ZNJ7_![U_O9E_P#.W\J_Z7,GA'5DY1R&:1%@7M]5Z0ODH8&=
M;M/$G@L_21S=4B)3L@P4J,"`[1)^_!WL(M:%V;[-Y$Z[:3R1?=6%E',6Q@,!
M@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@?_]6_
MQ@,#0G(8B^U\-2,]!1JMY&ZO#GMOF(+#N"9TJ8DAIR)4%?N(2^$TO=KDDDRU
M3LH@)VVY.)(G&8<0>!2$D0!#FZS*BO&X*A:^/#W6E*5PU((-!K%C:F!SN=O\
M$@EM\?KUKRPJ5J76U=30,YWK=Q;(4A"L>4I*)>GTD4EA8PD[3".)B:36KR)#
MQ"F,EY/M_,TQ/'FZQXI8]2K8W!1/:]20Y51`*6Y#U%(VMW>"R0-*:=.9W*J4
M.C8$HD2(0F9I(4JR`*EHTL)KZ4>957$*S*1NVS^3443P5_LV]FZZ`3R+.$A?
MT$=9'N1SYLE%(#1/.VQ4:K88PQ(!-\K,*1%*U)QVUC>2/Q6D9THK$^CLGC72
M[;QRX]TE0;2Y&O2&G*L@M;EO9Y0B#GTZ(1QO9%;Z<F$<HTD->EB,Q4(D(]ED
M[-\`'8`(=:$S69ESAU4_Z;G-_P#AHMCU4<,B>$VY0W`?7TW#RX.MY,S)#86'
MCL95Y"P]W2)U)DMU/MS(H1R$O2E80PC0]B<2D(##PJ=]FDXBM>-W*/#C_D'Q
MSM;EXQ0RP9E7NHC.FZEE1M'H&2<GMTAXH<K]R(UW;;H03->SP21OT56DMC*`
MP1C,6\$-[<:E/8=Z=7!*3"8FGEM62\/['-OR@K79>0=E.3+#KOG5N61'WE'3
M)+?L4GJ66PC39%1!I=7,U+.N\O0L'DS@_*5+;&=;+1*R529*H+E%?2?1CW%_
MB5-::NX5JJBP1^12^#V&W<J9`V/)1\6Y.VPY3QAD596\V0]*O,+C3Y'&0^1$
M*SU"1M/2)G0AI)`O1IB%283/HV-S,YK-?#W\V_G*OE\[_.)]L/$^0R%.P^:O
MLE]EO&>-\>TNGE?EWVG#X/9XOQ?B=]OA>%\E[;?VKZJ77?K3T</?C61?_P!O
MS]_Q#;_]TLM_E_\`2O\`I'L?C61?_P!OS]_Q#;_]TL?Y?_1_I'LFGC#V&2QJ
M/2,"<20#^QM+V!(,S1PDH75`G7!3B-T`O1HB='^#L6@AT+>NWLU_9F317!ZR
M?>=@GN'C'Q!M#-]>,]L=F4=(ELT49Y5GM/KCT\B'K"W9$\21S"[^K3%K4JE&
M<)0`E6G.3&C2*U2!4`L\L10Q)ER$Y,M1*`A'O8#23"S2Q=@@""+6MZY72Y"X
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M@,!@,!@,!@?_UK_&`P&`P&`P&!P'U4_Z;G-_^&BV/51PR)X6MRAT7?W(6N.-
M4.;9U9ZEW2L#M)D<31F,S4:[JA/"YK>7A.`Q,2,L0$^T3"HWL?;V:%H.O_NR
MT1-TTA29B/67(?XLG$'_`%S//\#K?])RW^=RO[VGXLG$'_7,\_P.M_TG'^=Q
M^]KNNJK.BURU_&[,A)JT^+2M,J5M!KBC&WK1DI'!8V';/1F"&,@6E2$S6M;W
MOM#V;_RY68I-)6B:Q5#!UM/W9OOF_51FFK^F>SP@=S9F8%X>K/9A7'H'$/5Y
MNSEGF71'$*\/63[SL$]P\8^(-H9MKQGMELRCI$MFBC/*L]I]<>GD0]86[(GB
M2.87@CR0*"3B#-FA`>482,1!YR8X(#`;`+9*E,84H3FZT+^Z,L01@W\H=ZWK
M6\Y72TIOCG3Y;?5[0W0YN:&FG)\*R:\0-Y)/@1J4&-DA:U*AE5+"ECBP)W`J
M4+-JP-IR/:T)YQ)XC$JE60H)K+VFNC:C9TCPW)(!'C6A\CSQ#UK"Z)1OD<)A
MDB'HR0PAHCKT:X,<>A#^8`(ES,@3IFQ7LL&S2!^`#P2'W)*AK=$P2N,IXJBT
MTSLD":;!.4."IQER8MF21PI+)7M4L.>WM,3&T)+:66I4&``W%!2AUH@.B\#+
MX['F>)L31&8\A`V,+"WIFIF;"C#S4[:V(B@D(6]+M0:<86B1)P!*)+\+P"B@
M!`#6@!#K0>S@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@
M,!@?_]>_Q@,!@,!@,!@<!]5/^FYS?_AHMCU4<,B>%K<H:2ZR?=B@GOXC'P^M
M#-=>4],MF,=JTN;L3`MX].[N8T5]`OWKK)LY[\I;VXPCPZVG[LWWS?JHRVK^
ME-GA`[FS,P+P]6>S"N/0.(>KS=G+/,NB.(5X>LGWG8)[AXQ\0;0S;7C/;+9E
M'2);-%&>59[3ZX]/(AZPMV1/$D<PO#YRNE6>Z@G)CD%7W+RVXA![DL2*1=H^
MP7FM@8I.YMS4@\OK&%N:WR5&G/`23Y4XK3CA]FM>$88(6_EWO-[+8FV*PQNN
MF+IB)<:?\Y?*[_W"VU_C5Z_TG+?K;_YA7]KO=TQPVY2\C9ER@I:+RN[+)D,=
M>IFF1.[*[2MU6MKBD$D6#$G6)3E`BCR1"!K>PBUO7;K*W6Q%L^BUMTS,>JTI
MF#8P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P/_]"_
MQ@,!@,!@,!@<!]5/^FYS?_AHMCU4<,B>%K<H:2ZR?=B@GOXC'P^M#-=>4],M
MF,=JTN;L3`MX].[N8T5]`OWKK)LY[\I;VXPCPZVG[LWWS?JHRVK^E-GA`[FS
M,P+P]6>S"N/0.(>KS=G+/,NB.(5X>LGWG8)[AXQ\0;0S;7C/;+9E'2);-%&>
M59[3ZX]/(AZPMV1/$D<PO#YRNE4MZFO?>NS[M_A'`LZ+,887Y2X.RZKK7@CW
MOJ"]/$GS)=E;\93;E"X=G,Z#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#
M`8#`8#`8#`8#`8#`_]&\;:%_U[4ZY&R/9,\E$I7HAN2>&U35UCW!+26S6SP%
M.STQUE%Y2JBC&M/3&D)G!W\@0*E)8B"CAG:V7@H].K[I@]N)E@HR&7LSNV`*
M,=HA8]>3VJ)RUDG&&D%+5,,LJ.1:1G,RA4G-*(<DZ<YL5F$C\G4&Z#O>![EG
M6=!*9@$LM&S9$FBD#@S&Y2252%6G7*R&ED9TAR]S7C1M:5<Y*@(T2<PT82"3
M3/%@$+P>S6\'++W)Q0,[<O=W5:F;FMK1*G%R<%IQ:9&@0(2#%*Q:K4&B"4G3
M)4Y0AF#%O00`#O>]]FL#0S#RFI>21,^:M[O-$[$5*FN#I@/U/W'%G][EKR66
M<W,46B$G@+1+9>N.3F>-%IK0K`DD@&89L`"S!!)I+[EO)BE4+6S.PI:L7$OJ
M*=N*1`R0Z<R*0HD-7/*6-68JD4688TY2:)DUY)EQ+8^"=4B/32YF@2*O%*!:
M+V*2W6W.+>\-Z!W:%Z)U:G5$E<6QS;E1"YO<6]<0!2B7H%J89J98B6)C0F%&
MEB$`P`M"#O>MZWA#A#JI_P!-SF__``T6QZJ.&1/"UN4-)=9/NQ03W\1CX?6A
MFNO*>F6S&.U:7-V)@6\>G=W,:*^@7[UUDV<]^4M[<81X=;3]V;[YOU49;5_2
MFSP@=S9F8%X>K/9A7'H'$/5YNSEGF71'$*\/63[SL$]P\8^(-H9MKQGMELRC
MI$MFBC/*L]I]<>GD0]86[(GB2.87A\Y72J6]37OO79]V_P`(X%G19C#"_*7!
MV75=:\$>]]07IXD^9+LK?C*;<H6WY_/HA5T,DUASY\2QJ&P]F<)!)'Q86I.(
M;&AK3&+%RL2=$0J6J?$)B1"\6248:/L[`AWOY,YG0];[1,FH]]K#7),ECFF;
M[1&/"T>T*-.R:0^<AN2L:S1&T:8I!VFF;-T#Q8-;\+L[-X&FV'DY3,BC=E2A
M'()"WHZ@<2FBQ&>45M9T*F\><E;<@=6=)^;B80YBL%V-E")T3"9?(6Q3I\&>
M`M!M28+0,)I+^%/)ZG4=8(+@6.DT1PAV>QQUI$KJ&X$TM=7@LQ:`Q(UUL?`R
M[(<0E@;5)HC26D9(4R8X_8_$E#&$4GAN6-R!MED>9)0S><?-,A:T+RV>=V1Z
MC;IM`XIBU:3;A'Y&WM+^S*Q$&AV-,L3)U)(O[IA81:WK1#V\!@,!@,!@,!@,
M!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,#__TK@G.#DJU\6HDSR=EFE2Q69O
MCVY+TL2GUN4#2Z>Q7O<07QR,G2^0WE*H>0=7#,]EMALA4L2@R5EM[>26VEJ?
M!&D.)B*LZX?ESE?7*=SL:R5E\.:4_0&2]7$=)+&BP#'EI9ETX>:C.I,`&UJI
M=1+23$S.B>`%2$G:(TM7XQ.4A'L3R<_V=\DG!7F7%8O'Y'+)3+N+'("(Q:+Q
M*//4JDDBDTHJB6,4?9&9@CR%R=G%P='9>204`HD6]C'KM[-=N\$<PR2Y[0I=
M4PR^J[8CUCO44F%+225RQH;:=NJ1('VKUSJTP"7,PC(/#W!S4O1>Y>FTXLB?
M_P#L)FM2)8<G`C`:<`1$^$?4<HFP*WLRD9'&G.UY/Q%I+F65.*^9+#<9G.I9
M#:XL7AA;E0.SJ@<)NL<+#5U%`;LLM")"-ZV>>S-JES6A."SHDQFX36M?>CX.
M.U?SBF^6?(+DI8,:GJJH[R:^12NMV,B$/3FZM'F:VV)R3,NXRG`J=$;W?C:D
M,>(ZA&E(.>0DA*,"%:82G&)]8B$A'"*LII2_#GBU4EC&"'/:VH"I87,"=G@5
MA;I%'8.RMCJRE+"SU!2Q.Q*TXD11P!>`<60$8=!T+0=2B?69:EZJ?]-SF_\`
MPT6QZJ.&1/";<H:2ZR?=B@GOXC'P^M#-=>4],MF,=JTN;L3`MX].[N8T5]`O
MWKK)LY[\I;VXPCPZVG[LWWS?JHRVK^E-GA`[FS,P+P]6>S"N/0.(>KS=G+/,
MNB.(5X>LGWG8)[AXQ\0;0S;7C/;+9E'2);-%&>59[3ZX]/(AZPMV1/$D<PO#
MYRNE4MZFO?>NS[M_A'`LZ+,887Y2X.RZKK7@CWOJ"]/$GS)=E;\93;E"T#S#
M0.;MQ+Y.LS&S/DB?'SC]<+"QL$98W>2R![>GROI`TM#4SL+"B<7=T<'!Q6%%
M%E$$F#V(7]G9K>]<SICF'ZM]OQ*!1:LHY+&BQ4RUYJ-WDY!2.HK0?@:(KF+-
M+C(XRL(9(@Y*B)^K;##SFR-B*\^O($*H*)(H&0,&#FKC$R"5Z]K.3@;[66G<
M/%WD3)..K_')`\5K83/-D-H[\]IEL4+64G7<)G#!5-<I81!W)ED"\M.D9W]Q
M6E&N05A1G9"?:G+SDU*0AYI6'TARI=^2[^L;K5O)WXIV,UJ.0AM[0Z%1AQ<B
M:X?9%;E9(#5C)9[;$'OQ;#J6J0.[ZV@"2J3+5A;H3H>:PD!XYI+704%2Z*]5
M@7"YD=7P=+:*[_\`G>.63HB.-Y4E4KMLQIS()U.=`F"5B0BVA$JV9M-_W&R\
ME$\^C<V$&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!H[DU.)?6''6\[,
M@2B/IYA7%26'/H^*4LJ^0,!KE#8D[R-,E<VIL?XPN4IE9C;HL7BUI.P>%X7]
M[L\'8CEGK,XR%\KUF=FXUJ+D[S$6IP3*'-,I-9R'AR:4ZC2I8A0GIE2E"0J.
M\8).4<0,T`?%Z-*V+Q@0C4AW+JP7:=)J"36A&)I)YIS.<^/<6L<J!FPV9QFN
MXYQ>>.2DZ?)!7KL48U:D)"J%O,>BKN:CTT.H#4KCM$N2IS3%T+4]*L@JWE=8
MMV7P_P#%5HD;=$)E4N^1PK$L5)&4KLH?/S46!5\7J,"!C=@!8B2IC'+-+7RO
M1.BQ%JV\Q,VB1@5`4))12GJTG^*U*/LS]JOS61/S;^&]_P`WW9]HW_Q_Y[/S
MM_F9_-AXOS)[.OM9\OGC_P#W^3_W_)?\F0FG_;__T[.7+6U;.HVYIN[4;QU@
M?+63S0Z-+I<SJZBOE?)JO+00Z-L[?&G2VZQIJ[(BI;UZ-N+>4L=5A:'1'MV,
M6>*.3JRSA0M%/,NP.%R\B0029S`YFB$,DTIGZY=-JWA=66!4"2!2<AD9$QS;
M(XU:+!$9L_3)Q;0)E:J0J69H)>D1J,Q*G$E`2J4RB78V$/F\B1^6><?)$OG#
MR7R+R_Q!7EGD?C?'^2>5>!X_R7Q_]_Q?A>!X?R]G;@?3@,!@<!]5/^FYS?\`
MX:+8]5'#(GA:W*&DNLGW8H)[^(Q\/K0S77E/3+9C':M+F[$P+>/3N[F-%?0+
M]ZZR;.>_*6]N,(\.MI^[-]\WZJ,MJ_I39X0.YLS,"\/5GLPKCT#B'J\W9RSS
M+HCB%>'K)]YV">X>,?$&T,VUXSVRV91TB6S11GE6>T^N/3R(>L+=D3Q)',+P
M^<KI5+>IKWWKL^[?X1P+.BS&&%^4N#LNJZUX(][Z@O3Q)\R796_&4VY0N'9S
M.AHQWY"\:6:0*DK_`'C1C5*HX<[QU:F=[+@*&0,)^EJ8M^8E1*UZ*<6L[3BS
MDA5I1Z`+QZ4&C`^$4'P9_6?:45CW?E_S3\8O_<=0_P#Q?K[_`'AQ^MW_`)D_
M:WWADL3O.DY\\`CT%N&K)H_F)SU1;'$[!B4C>#$J4.A*5(&QG=UBT2=.$6MC
M'H'@@UOY=ZQ28Y@K$\2VGD),!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,
M!@:TN>N_SO5#:%3B>/L^39T`EU?+'S3?YU-:F^9,2Z.N2Y,@VN;@*%J=`XF"
M(T(X(`G:"(6AAUL`@PI7`KG2'1MHB-KM<>CC53$EA:O9\":W8L%D:'&D\"L%
MO;ECEMS'IB1(U^E;<<Y[0J`&!!X`C!A/2DL%=.*+?()@RW$^29OU?;%/X-82
M&?,,2&TQLA9"*_GM5%QXJ%K9,].(HR\P&UY0D4@/>SU_CGG9H%00IDA1(KX\
M/,BW#]#`9@3:L(G(VJX7#\_`IK,G**I'9IEX[]E,8FSP$^+E.S88B)@L@@K*
M3'-"7J!HVA&8E5#6&*356"K!/PU>/_D/FWSA/_(/^2G_`)&/)//R#Q'YM_M#
M]K/MSX'F?L_.Q]I?_P!WSK_^+RC^_P"3]N*'[?\`;__4M/<H4'+Y79TU'P96
M6<A<P/+(&XAK7WC2V5*?-/L)#MH`,::V8#.[-%+R:_\`,6U@T>DD;V0,K1>S
M5X5OBH6BGEUMQ5+F!$1D">U-VP9<)3X#<]47`Z5<[/2D!B,L3`=#E-,MS+7)
M-8>2^-"TDHD"%2`\*L3@3YS&M--E$_\`#J3"#`8#`8'`?53_`*;G-_\`AHMC
MU4<,B>%K<H:2ZR?=B@GOXC'P^M#-=>4],MF,=JTN;L3`MX].[N8T5]`OWKK)
MLY[\I;VXPCPZVG[LWWS?JHRVK^E-GA`[FS,P+P]6>S"N/0.(>KS=G+/,NB.(
M5X>LGWG8)[AXQ\0;0S;7C/;+9E'2);-%&>59[3ZX]/(AZPMV1/$D<PO#YRNE
M4MZFO?>NS[M_A'`LZ+,887Y2X.RZKK7@CWOJ"]/$GS)=E;\93;E"X=G,Z%+3
ME/WG>1WOXM_X@R'.FW&WISW93VT/ED)+>DWWOF;T#G'S)-F>S%>S):6S!L8#
M`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`^1>-<6B5F-:9(L<0)S1(4J]:<VHE"
MK0-[()5N"=`ZGHDYAG9H9H$QX@:WVZ+%O79L-*<8K8=[VX^5!<;\T-T?>;(@
MK)+7)D:%"E8V-2IV3Z4&($*M:`M4J3IM[\$)A@`",[/"V$/;X.B9]):!DO,*
M00J'<Q)!)H7'@N_'GD977'B`-35(7`]NFK]<U;<77ZKE$D>%[2WFLVG&=\F$
M2!RVG2FA1)$XA%:4C#X1@IP\1TY@2QGY$H.&AY,-5WN\R:(F-<Q*8G=-!"JM
ME53VW9?V\7P8<U4R#SFW/5)O$;\UEOV_''J$;AY062,],0*>E?#IGCU<FKJA
MLC=%B!.UR>O[3M2F)NA1&",;=RZI9P\PMQ=VCQAIYY#)*DS80\(B#C#%"1(X
M%D'C$<48+8ES=)N9<F8I'(&0J&,1Y3,]NK44>8O<`F'%MZ\](`TP(0^"$9@2
M=;WK7R:WO-8UQ,1-6,[)KP\3_G@E7^PT?_\`,7'_`+.3_E'N?Z3[-R4;R3?+
M8FAL6<8TU-*<MD7.NE2)6K/.V8D4(B0E;`?K0/`'I5O>]_V_)E;K(MBM4VW_
M`+32CK[,VC__U;<O*>A5<AF*B=-M2<AIKYX*0`<'7AQRQDW%^VSS4+80VE(9
MM'E-Y4'6%DMR<#>3M.[KG[SHE3B"C*1Z*3:.40M$_ENSC#%'J*QM2C3TO(J)
MBBIP<7E2P6I:!=T7O,Y0X$M*4<KLV?([`MA&K<"&QM"EV<?+92X+2RTX-J49
M"(!*J42ZGP@P&`P&!P'U4_Z;G-_^&BV/51PR)X6MRAI+K)]V*">_B,?#ZT,U
MUY3TRV8QVK2YNQ,"WCT[NYC17T"_>NLFSGOREO;C"/#K:?NS??-^JC+:OZ4V
M>$#N;,S`O#U9[,*X]`XAZO-V<L\RZ(XA7AZR?>=@GN'C'Q!M#-M>,]LMF4=(
MELT49Y5GM/KCT\B'K"W9$\21S"\/G*Z52WJ:]]Z[/NW^$<"SHLQAA?E+@[+J
MNM>"/>^H+T\2?,EV5OQE-N4+AV<SH4M.4_>=Y'>_BW_B#(<Z;<;>G/=E/;0^
M60DMZ3?>^9O0.<?,DV9[,5[,EI;,&Q@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!
M@,#\5(E`4YXDA1)ZL))HDI"D\:5.<HT`6R"CU12988F),,[-","2:(`=[WH`
MMZ\'8<ETC5ES4+57%ZFV9S@<E8J\3?8FVWDYF=RU;M$6J'/GF.01$\R5-GV6
M=MRQ.@">F.0R()Y!PRM;3ZWM:03-)JQ"3<1':<L7+]AD$F8F_7(R]ZSY!PAR
M1MJQZU7LUIRN>-D3KT+ZT+!M14K;T$QXRM3\J`2I;QGE+C4`!E;)`M,%>'Q.
M'#QS=^12'EXL>8RFNMHE\+-:FA,D6GQ8-4Q2JK0K)36[A(34Y+VJ<'1QNA_D
M0'@M$1I,L"WH]HSB$RDU:*^E'0O'^FP4K#']F4N:5[DLYLZT[AG#PA0;;$"R
M86S.GN;.B1L1#/4G%,T<)=B6E`(XP:DU"WDF'B$<(P6Q*)VP_P`OYSZ82;ZZ
M6YU6XQTY9YEA^2.L>&GM=4^A[S\^9\SV8_*^O)*EF#9__]:[3R7M>Q:?B;))
MZYKQWM%Q,>'-$=!8U'CY'*9@O^R4B5Q:'L>RI)'$T.%(94E2!5R98!T;F-"4
M<:L1:3#,7H"8?)Q=D=QO$1?V:]WYFD]G1%\0M<R=8U6TBK&+-LH=HRQ2MZAD
M20R)S>3II$X>-_+3MTF(4:*=DPPA$7L].:H4B:>'36$&`P&`P.`^JG_3<YO_
M`,-%L>JCAD3PM;E#2763[L4$]_$8^'UH9KKRGIELQCM6ES=B8%O'IW=S&BOH
M%^]=9-G/?E+>W&$>'6T_=F^^;]5&6U?TIL\('<V9F!>'JSV85QZ!Q#U>;LY9
MYET1Q"O#UD^\[!/</&/B#:&;:\9[9;,HZ1+9HHSRK/:?7'IY$/6%NR)XDCF%
MX?.5TJEO4U[[UV?=O\(X%G19C#"_*7!V75=:\$>]]07IXD^9+LK?C*;<H7#L
MYG0I:<I^\[R.]_%O_$&0YTVXV].>[*>VA\LA);TF^]\S>@<X^9)LSV8KV9+2
MV8-D?8>>T6:V^'V1+V5JCM#V!;O)&DH].?M`L52)KEO&D-[K7QWDD9U'RT1$
M8F3-QRE*A((I=M8W"(0$J"3#5YP&XFGV_%;SZCE;1F.2_D%%RJ[:K!XVO7)V
M`HH^\CECVO88RY5BS2&K5:,YO9$RVTR'2Z(J0WDHCCDKJJ=#R2]E@0[4J13V
M=9TS8QUJ0A+,3]P@DQ8K5I3FB"SYJLU#'E:(SQ2I@>Y>PDIV%5*FLW_NG),B
MT<E1*@C)*4JRPA4&$-KX#`8#`8#`8#`8#`8#`8#`8#`X\NZYY*Q7U5U",TN8
M*L)L2E+ZM1OLB3)6Q8D63&H7^FFQA@21&^&$M;DV+6NQG)W?B"34[MMI:=[1
M'INU0K2D^)ES\T<D.2EI4?Q,Y6UZK@$;B]T'<7S5/'AQAKI(I1/6F[U,&!91
MZ"Q/M&U'Q5PKIGD+N[-GB&A<DTTQPY<X&B(5C`UBD16&[EEO3N.\S8!3;M9$
M,61ZQX':TB%72R%NC"M9RX4JC)T.50FQ#S_(IG+W-I<EA[XQ;T:82B(,6DZ2
MD)-^6BGI6CM;"')]@<KX]7\P>X>LB;RX*60\@@U8F6H2B#]GHTRS0BRS=;,#
MH(5.@_+_`)=9I&N9B)JI-\1,Q1AW_/!%?]AI!_YBW?\`9R?\I]T?Z1[,QK_E
M?'K`F#)#T<3>6]2]GGD%+%*U":01LA&I6;$865K1@M""FV'Y/\N\B=<Q$S5,
M7Q,Q%'6&9KH++#_+^<^F$F^NEN=5N,=.:>98?DCK'AI[75/H>\_/F?,]F/RO
MKR2I9@V?_]>WMSGKI!*'+CG*%E.VK<J%@M5\;)2P4K)9M%K!2QIWI^T=I'9L
M=XU>5'L#82WRQ.W@/5O*AQ+"C4J$:4@"E<$S"8\^K8?#MKKUKB]EIX)2=K4@
MH2V;Y!*V>[)2*:6+(WH%>5^Z(Y"OD*BS[=<#&<+`\)$2).>\=I&D@]@(*`9K
M9@FOF7E]2!(4JZ??-XTP:DLUKXF<B7U`<D6K$!Z9V8ZBE[JTK`'(3TYNQH7)
M(4<`.][!XPL.]ZWV:P1S!U`9$^LG%V<$QA;Y,N>)91<8E7B%Q2)4DJ>><@*P
M@EQ.9BD1Q)C<WI:KD#T(Y7H0?)RPB'H6A!UB2WEPG/`O#5S_`(]QT:H^S(.(
MTDNOCLX36)HD;.3!-3]RXH\YYDHA:V/EATUMS8^RNFZW=CT&TP"53GY(/?::
MX;T?'E/\U\O(XZICK+Y=7[35S-C0Y\;*I9^5!'']O?S&HZ,MK;J\XJU66MCH
M%0S$R`5,.!@&!L4%@*W$4!XF]*),09LK8GBOE)5P5EMAS[A9Q/F]LFKE%E2[
MCM3TCFJYU[?.SH_O$"8EZYY=P"$(93P\C/\`*U98M`&6H.&$0`"UL`91/,M7
M]5/^FYS?_AHMCU4<,B>$VY0TEUD^[%!/?Q&/A]:&:Z\IZ9;,8[5I<W8F!;QZ
M=W<QHKZ!?O7639SWY2WMQA'AUM/W9OOF_51EM7]*;/"!W-F9@7AZL]F%<>@<
M0]7F[.6>9=$<0KP]9/O.P3W#QCX@VAFVO&>V6S*.D2V:*,\JSVGUQZ>1#UA;
MLB>)(YA>'SE=*I;U->^]=GW;_".!9T68PPOREP=EU76O!'O?4%Z>)/F2[*WX
MRFW*%P[.9T*6G*?O.\CO?Q;_`,09#G3;C;TY[LI[:'RR$EO2;[WS-Z!SCYDF
MS/9BO9DM+9@V1U33@)";3LM[>Y0T-D*K'RF[)*D@</ELR>4TPMN]8++JLEUR
MOL?>-M\#@3X&#SZ0"&C9&XX]V>GPQS7.`E"<`#2:L"L/@7/KDCM*I[!?J[22
M3C52<5@M8*6D;^\L,ML2,W1QJN4Z5S-J<F1L$P1AY<N)T>1^;"AO0DR5[<@C
M,5;3D"40FO+LFF*B>X1/[^M&2A86Q]O>8PF3+HO%'=U>V!G^Q=6Q"O"UISH[
M,L;-=I(\"CPO*50&]&`2`A"1L`AIQ&F2B?#HG"#`8#`8#`8#`8#`8#`QR43"
M)0AM"\S24QR(,XE)2(+K*'ML8&T2P\!IA*0*YU5)$NU)Q9`Q!+\+PQ:`+>M?
M)O`\'5M57MI:'_5F5]MBD"XUK8'K4SCFVE[<B%&DIS<T.7G+R-R7$JA:+$22
M,9@3-^#O7;\F"C,SG1L3+T+4H<4)#HYE+#VUM.5IRE[@2W:3B<#D*,9@5"LI
M!I45LX181:*T8#PNSPM=H?=@:4O.G07C%`P5Q>D3#'%XU`7UP31AO=YPE3G$
MZ3>45Y)W94<@KZ1C1FJ$VW8#:N7IR5(AH3$2L!2H!,>C4K_QEGP9=#5-7WH&
MHZNKV'1N!06JF"I88](H7&V1NTRK=Q-_D"E8:RO;DPZ"@*5A2#\A0DEDE%[#
MM1Y0*MF?F??9#/8E,K+F31,B*LL29V%4*!KA/V4=(LLED0EU>I4LC?`R=Z)E
MFX]!)^\-A)A")J`I`I+.4E'*2`';#?.$(;.27MNGWT@W_4;7G19C#"[*6C\N
MJWAQM]MT!^D'#ZC=,I?C*UN4)D\YVZ"RP_R_G/IA)OKI;G5;C'3FGF6'Y(ZQ
MX:>UU3Z'O/SYGS/9C\KZ\DJ68-G_T+=_/M]X[&L]3U]R'LBO85&YE.3@',MH
MMSNNC$G8D<=>U$C4-@T4@CC<VS:/(2/&,KDN\[H6QR4$"/;#QGIS228\T>7T
MX6JNFV)WL*KGRD'^*++I),2KN/=;/<#K<1B6J:U0"&E7O3_*-R5[6`2A4N`2
M%II36I/$CUL?B]'GB7?4MA\2G\;>8;.XM')K$)&WJ6F0Q26LC9)(V_-:TH:=
M8VO+&\I5K6Z-ZL@P0#23RAEF`%O0M;UOLPAA;A1]4.LMU,W*`Q%<\;JQ\I,W
MRF,1TY,LJR2.K:\O<%<0#:MGN457+6DG>VU088W@ULSP"`[..V8*R]8NJ:W*
M97"/`A4>\U.K\WRMR)&WDF*%TL9]-`626*7`S0G$V5,(8\W:;W/9OER#3<D\
MG-+\F(\6'R+J9J9S9&J-KZXAJE@94SXA;&@<?;=($K=*MBW+6O2<)`2S6F8:
M,%IY2#T).[!&(*P!VA"UL5ELDLLLDLLDDL!110`EE%%A"`LLL`=!`66`.M!`
M``=:UK6M:UK6L#@;JI_TW.;_`/#1;'JHX9$\+6Y0TEUD^[%!/?Q&/A]:&:Z\
MIZ9;,8[5I<W8F!;QZ=W<QHKZ!?O7639SWY2WMQA'AUM/W9OOF_51EM7]*;/"
M!W-F9@7AZL]F%<>@<0]7F[.6>9=$<0KP]9/O.P3W#QCX@VAFVO&>V6S*.D2V
M:*,\JSVGUQZ>1#UA;LB>)(YA>'SE=*I;U->^]=GW;_".!9T68PPOREP=EU76
MO!'O?4%Z>)/F2[*WXRFW*%P[.9T*6G*?O.\CO?Q;_P`09#G3;C;TY[LI[:'R
MR$EO2;[WS-Z!SCYDFS/9BO9DM+9@V0\?C-T3^BVVO_#AW^\V:?Y7>\,_](]C
M\9NB?T6VU_X<._WFQ_E=[P?Z1[.J^*G.>O>6<@E<=AD1F<;51)G1/2T^3A9`
MD*2%RW:$LI+YJ=7$SQP#-=N_#"$/@_V;[<K=9-O*UMT7>';F56,!@,!@,!@,
M!@,!@,#1_()-4K96LJLVX8/'I[&Z=BDPL4+9(V!!*"DNV&-KUC@J969U2KT>
MY(J:B#D:4\LD2O0%1I!0M`4&@,)C\(=KXI^T*BKFMX#5WV;;)A&.$7(>5\HX
M*^EMT<K:VZ^L.816:<CHM4+F!E<T%>6T.<R%Y7-+IY*I96M.M2D.R):4>D-1
M0F*3S[N_9%N../,G@_*FQC&R*I%QOY0;2@>VX""7DLFM\9W%N8WS:D1SII2S
MA7BT:G--,\0>(SMWX6Q;W*/$N_,(1-\U>HI-.+5Q)JS8*YC$J0GPQDD^W-X=
M75&K">ZKGE(8ET2B#LG9)06P.];_`/JWL6^W_)FEMD716K.Z_P#6:4<B_C26
M?^A6!_X@D/\`V,M_E'NC_2?9F=<]7RQYM84#ABJGX0A2RZ9Q>,*5J=]?C#T9
M#^]H6HY4068#Q8SDY:O8PZ%_=V+6M;^3(G7$1,U(V37A/7F35#9R2]MT^^D&
M_P"HVO.BS&&%V4M'Y=5O#C;[;H#](.'U&Z92_&5K<H3)YSMT%EA_E_.?3"3?
M72W.JW&.G-/,L/R1UCPT]KJGT/>?GS/F>S'Y7UY)4LP;/__1M7\D+`Y6`L6?
M4W1S7;JBS+2G4(C%/V$Z5,@6<=.-=+KX'"MVE?I]BEPO<;DMCM;]]ID;;&GU
M_4/![AY+HAK+:C!FKH6BG,NG>*I,D9FVT82ZV=;5RL,`L?[,1:Q[H8F]LESV
M`$.BCG)4C<^LL&@3)8$2:96XK"D;VG3'A$HVI0Z/,`A+%N42ZLP@P&`P&!P'
MU4_Z;G-_^&BV/51PR)X6MRAI+K)]V*">_B,?#ZT,UUY3TRV8QVK2YNQ,"WCT
M[NYC17T"_>NLFSGOREO;C"/#K:?NS??-^JC+:OZ4V>$#N;,S`O#U9[,*X]`X
MAZO-V<L\RZ(XA7AZR?>=@GN'C'Q!M#-M>,]LMF4=(ELT49Y5GM/KCT\B'K"W
M9$\21S"\/G*Z52WJ:]]Z[/NW^$<"SHLQAA?E+@[+JNM>"/>^H+T\2?,EV5OQ
ME-N4+AV<SH4M.4_>=Y'>_BW_`(@R'.FW&WISW93VT/ED)+>DWWOF;T#G'S)-
MF>S%>S):6S!LH>9UN8P)I>BW[3[J]`X_ZPCS+;Q#37S*P]F+4P&`P&!H:*<H
M./D[:Y0]0BVH?,&R&NC,PR!5%W`3\%-(9(M.;(Y'$9;64J.>9)(',C:9"WH@
MJ%JQ0,LLDH8S2@C)I+XI=RRXUP&/QN43BZZ_B#)+ETF:H\IDCZG9CW!WA3D%
MEFK+YN</$.:1[ACX+R!X1GDE*FM?VIE191^MEZ%);=A,WB-DQ*/SR`R)IET,
ME;8G>HU)F)84X,SXTJP^&E<FQ<3L1*M&I!_>`8#>PC#\NM[UA#R[0LV%TW`)
M19UANX6.'Q!N\XNZ[294O5#\8>2B;VQJ:T!*AQ>GY\=%1")O0)2C5:]<H*3D
M%C.-`#8:L=[Z>&U;5<3W6CBAM&Z#94NAE=R*2-+<L8XE"&!&^2J3V4],1$J;
M8T6TGN:!L&0U?:`7G1X;RO#T4:I/1DTY]FHS>>U<KXN_2R(Q:321%7=**.0=
MR-1HD;7(ZZKMLEED01_;`MNMN*62V0R2ZG96D&SDJ24YNX\L\6M$;M&4K%';
MS6YM[TV-SRTK$[BU.R%(YMC@D,"<E7-Z].6J1+$QP-[`:G5)C0C`+7R""+6]
M80_M<@0NB0Y`YHDCBA4A"%0B7)B5:0\(1A,"$Y,H`82:$)@-"UH6M]F]:W_;
MK`\]YC4<D>V[<AC[(^[:%Q;HT[>6I`Z;:W,H(@%.+=M<0?Y$N*`/>@G%>"8'
M6]ZUOY<#]5+`Q+')*\JV5I5/"(`"T3LI;D9[DD++&:8`M*N-)$J3@`,\8M:`
M/6M;&+?^7>!ZV!6'ZO?>N;O=+#_KJ69OKQ^6.S)%IFBC;5!>W:E?>U7'KBS9
M%V,]$<PNTYRNE#9R2]MT^^D&_P"HVO.BS&&%V4M'Y=5O#C;[;H#](.'U&Z92
M_&5K<H3)YSMT%EA_E_.?3"3?72W.JW&.G-/,L/R1UCPT]KJGT/>?GS/F>S'Y
M7UY)4LP;/__2O\8#`8#`8#`8'`?53_IN<W_X:+8]5'#(GA:W*&DNLGW8H)[^
M(Q\/K0S77E/3+9C':M+F[$P+>/3N[F-%?0+]ZZR;.>_*6]N,(\.MI^[-]\WZ
MJ,MJ_I39X0.YLS,"\/5GLPKCT#B'J\W9RSS+HCB%>'K)]YV">X>,?$&T,VUX
MSVRV91TB6S11GE6>T^N/3R(>L+=D3Q)',+P^<KI5+>IKWWKL^[?X1P+.BS&&
M%^4N#LNJZUX(][Z@O3Q)\R796_&4VY0N'9S.A2TY3]YWD=[^+?\`B#(<Z;<;
M>G/=E/;0^60DMZ3?>^9O0.<?,DV9[,5[,EI;,&RAYG6YC`FEZ+?M/NKT#C_K
M"/,MO$--?,K#V8M45-:S3EDV7+?]76.![:>0\JI^V+,XPM+U:<=F/#^4LK%*
MF%A)6,2]@HJ&VK"'6MY!-(HC>T#VD?5`6]X">E.5[.-\7"WI2)\%#<D7F`P.
MPX'=DJFD*Y*M-H-5;JF7DI9M:S6*L;M)8*1-H]*H=8<$A5)1:85$1#25KR(P
M]O:'E6M1J&DSQ"T:,C!,>W#I_@A9[K<7$.@K#D<U36#+9#73`JF4J3J&@XQQ
ME0DH1/0UQ3&`EL0.&E(NTU,464$C>]!T`.M:UDHGTET!9:^'M==SI?82U0VP
M--$9".9N"52^(E*&+[:E0'U60NC(RI$@-3M@C1Z/0C`K(WKPRA!&'0M$(;)-
M6LC8ZULBMJZNJT)IQE#8/#J4\9N2;].@V2^<99FXS>2&V*[M%E20YV7V73]4
M,L=BBPKSTI7H-ZD[@SK%FD*95I-"W?+H2KY!9<#X2V`O4HF%5R#W.K2J*(V]
M%V=8-IN*TK6N91#(5>S8B6GN*YKC<VL"8(7AQ;RE(F5J\F4%(#`,Z5&,`\_A
M(U`H4P5K!877443#1Q>`Q..0J-I##-&F)6"*LZ-B9TQAN@%Z,&0W("P[%X.N
MW>NWLUDJM'<NZ:=+QJ!)%F5$WO;C%[;H2WRXD\FIBF2>I*2NN!6PZP!SVM`-
MNU]LFB(*$"0:OL1$.)Z8Y3VIRS`B)B:.4(%Q(F%:\F$G)6)PK31"DL]N\B/T
M"S.<1:U,#@%U4YQL992^1UM3.Y->-SV_7;QQV\*VI(ZEHS$DB4..S?.8U20R
M$U]*,`,Z?$G+I,BOF`+W#;CMV$7-!;IM"-SM.GKUCK[D'>5FWI-8:X,:C2E\
ML1[K1\N)]#$#2FAO)/4*3@K5R=`K5HSA7U_"7*.,#7%(\PQ9C3^2,L:9FM@:
M$OA;'Y,ULZ$AN;T_AB_O#\2D3`#V[^7?9DJH*.L\[.K9)J""VN;@WA.8K!V;
MI$M4I-&[`X130-F:(,+T/8-"WV=O;V=N:ZOZ9;.80E?:J4?[2/W_`)PX?Z1F
MS.L^Y]JI1_M(_?\`G#A_I&"L^Z\1%M[%&8X(6]B$)B:-[WO>][WO;>GWO>][
M^7>][SD=,<0K2=7OO7-WNEA_UU+,WUX_+'9DBTS11MJ@O;M2OO:KCUQ9LB[&
M>B.87:<Y72ALY)>VZ??2#?\`4;7G19C#"[*6C\NJWAQM]MT!^D'#ZC=,I?C*
MUN4)D\YVZ"RP_P`OYSZ82;ZZ6YU6XQTYIYEA^2.L>&GM=4^A[S\^9\SV8_*^
MO)*EF#9__]._Q@,!@,!@,!@<!]5/^FYS?_AHMCU4<,B>%K<H:2ZR?=B@GOXC
M'P^M#-=>4],MF,=JTN;L3`MX].[N8T5]`OWKK)LY[\I;VXPCPZVG[LWWS?JH
MRVK^E-GA`[FS,P+P]6>S"N/0.(>KS=G+/,NB.(5X>LGWG8)[AXQ\0;0S;7C/
M;+9E'2);-%&>59[3ZX]/(AZPMV1/$D<PO#YRNE4MZFO?>NS[M_A'`LZ+,887
MY2X.RZKK7@CWOJ"]/$GS)=E;\93;E"X=G,Z%+3E/WG>1WOXM_P"(,ASIMQMZ
M<]V4]M#Y9"2WI-][YF]`YQ\R39GLQ7LR6ELP;*'F=;F,":7HM^T^ZO0./^L(
M\RV\0TU\RL,GE:/).)V,TO1Q1A6S"#!%'%Z,!L&QDF@WH91H>WM"+7RAW\NL
MQ:N=DW'!`7'C$2^U[B>YT1#5,`CUU.;Y$]6U$(LL>VB0K$$=>FV$MT>"<YND
M>;AN*A8UK%+R%N2A<AJPD%:"35G[!4,*9@OJAR;B9F_2MV0OTNE,P;F)Q>I*
M\M;$WQ=L7KB430V,2'S='VHA*20WHD:4L(1CT5XXX\PTA^]0U/"Z.K:(517K
M>-LA\(9DC&R)CS`J%?DB,O199JY6$HK:Q:9K7:8:(/A#W\N\'+-W5W:6)$8Y
M/;HW,[<2(L!J]U6IF]$4(X82B@F*E9I)`!&F"T$.MBUL0MZUKY<#%/SIUA^D
M>!_XOCW_`*CDTGV16/<_.G6'Z1X'_B^/?^HXI/L5CW92TO3,_HPN#$[-CT@$
M8,H*YI7I7%&(TK>M&EA4HS3B=F%[W_>UX7;K_+D):DO3D/5?'&/-$IMA[6,;
M,^/.F!M4(F5U>S#G/:%6XZ)&G:4JLXH'DJ(P7AB#H/;KL[>W>LF(F[A$S$<N
M7OQ3.&/Z0G[_`(?S7_T7+?YW>RO[VGXIG#'](3]_P_FO_HN/\[O8_>UVY7D^
MC%I0J.6%#%ASA%I6W`=61:>C5-YRE$8884$PQ$M*)5)Q;&4+^Z,`1?\`RRLQ
M2:2O$UBJ#+K6?E1Q^^@;#^L(EFNK^F6SF$'F:LS`O2Q7\EXW]`L_U>GSD=$<
M0K2]7OO7-WNEA_UU+,WUX_++9DBTS11MJ@O;M2OO:KCUQ9LB[&>B.87:<Y72
MALY)>VZ??2#?]1M>=%F,,+LI:/RZK>'&WVW0'Z0</J-TRE^,K6Y0F3SG;H++
M#_+^<^F$F^NEN=5N,=.:>98?DCK'AI[75/H>\_/F?,]F/ROKR2I9@V?_U+_&
M`P&!A=CKYJU5[.7*M6%#*;%0Q&1*H'&W1Q(9VI]F1#2K,C+2ZNR@99+8U+GH
M)):E1O>]DD"$/6A;UH.PBHJWE';3DX5+0<KG%VQ[D!8W*5=35J-]OPSCXWS.
ME6"*<:[%Y'J#X.IJJ(K:IGS#8C17Z=,T/HBG,DPES4]H4RM"-."%J<SX9#37
M)VX+\Y%V_P`4F^?KX4^\<F^YBY!9#9&X.L<[!<DUD,<?I92[-KW$W>/(4S7#
M%:@4F+;$3?MS=]EFHA-Z4(D@A2(BKNGBA=9O)'C)0-^J6DEA77#4-?V&YL:4
M1IB-G=Y3&6YU>&M":>8:><WH'10<4G,,%LPPD`1"[!;WK)1,4F8:$ZJ?]-SF
M_P#PT6QZJ.&1/";<H:2ZR?=B@GOXC'P^M#-=>4],MF,=JTN;L3`MX].[N8T5
M]`OWKK)LY[\I;VXPCPZVG[LWWS?JHRVK^E-GA`[FS,P+P]6>S"N/0.(>KS=G
M+/,NB.(5X>LGWG8)[AXQ\0;0S;7C/;+9E'2);-%&>59[3ZX]/(AZPMV1/$D<
MPO#YRNE4MZFO?>NS[M_A'`LZ+,887Y2X.RZKK7@CWOJ"]/$GS)=E;\93;E"X
M=G,Z%+3E/WG>1WOXM_X@R'.FW&WISW93VT/ED)+>DWWOF;T#G'S)-F>S%>S)
M:6S!LH>9UN8P)I>BW[3[J]`X_P"L(\RV\0TU\RFVY%SA^K2B+<L"+F)BI%#H
M#))"RF+4P5B0#DV-IRE*)0E'L(5!.C0:\(&]ZT+691%9B&DS2)E71_%DY??Z
MY@?^!T7^DYM_G:R_>X_%DY??ZY@?^!T7^DX_SM/WN2Z=-[DY:?)N$V2^VFK9
M5:^,2EI:6H3*SDLY0$:QI$L.">4289HXS9VOD%O^S7R9G?;%LQ1>R9FM7I]4
MSN8V%]/5_P"NK+C7E!?BJEYT,3`M+=)ON@LWIY./GJ;.?9DVLQ:EZS?L)JWW
MM%^ITFR=64](V<0KAYNR,"X=P1[H-!>@:3YZNSFOREO;C"+3K6?E1Q^^@;#^
ML(EFFK^E-G,(/,U9F!>EBOY+QOZ!9_J]/G(Z(XA6EZO?>N;O=+#_`*ZEF;Z\
M?EELR1:9HHVU07MVI7WM5QZXLV1=C/1',+M.<KI0V<DO;=/OI!O^HVO.BS&&
M%V4M'Y=5O#C;[;H#](.'U&Z92_&5K<H3)YSMT%EA_E_.?3"3?72W.JW&.G-/
M,L/R1UCPT]KJGT/>?GS/F>S'Y7UY)4LP;/_5O\8#`8&)SE@?93$WM@C,Y?ZU
M?G%,`MKG$7;8B\/D>5%*"5`5*-KG<;EL47`/"3L@XM6@.\(@T?BQ%'>+.+#2
MKCQ@AKFX(9@K>7XVUVZT(Q<B6S]^;"WD,YBD`<ZJ1$^:4R%,R$0Y=64@=H^K
M:TY)&S6UY7#`>6X*!+]$U8ZT<0(A%W15+(9-IU%;&?6ZWFN9V*WJ60^12TN[
M):CFTG<UI*QF.9DC]%']`49%#RDWB&`DO2;1"A&(U.:*NBH!!8M5\#A-:0=K
M*8X57<1C<%A[(0,TTEGBT29D3!'VLDP\9AQA3>TMY)(1#$(6]`[=[WOY<(<8
M]5/^FYS?_AHMCU4<,B>%K<H:2ZR?=B@GOXC'P^M#-=>4],MF,=JTN;L3`MX]
M.[N8T5]`OWKK)LY[\I;VXPCPZVG[LWWS?JHRVK^E-GA`[FS,P+P]6>S"N/0.
M(>KS=G+/,NB.(5X>LGWG8)[AXQ\0;0S;7C/;+9E'2);-%&>59[3ZX]/(AZPM
MV1/$D<PO#YRNE4MZFO?>NS[M_A'`LZ+,887Y2X.RZKK7@CWOJ"]/$GS)=E;\
M93;E"X=G,Z%+3E/WG>1WOXM_X@R'.FW&WISW93VT/ED)+>DWWOF;T#G'S)-F
M>S%>S):6S!LH>9UN8P)I>BW[3[J]`X_ZPCS+;Q#37S*8?F7W4>0ONEFOU*IS
M.W*WM>[&5-/.E@8%A[HM^S"ZO3R/^KP\QV\PUU\2Z6ZIG<QL+Z>K_P!=67*Z
M\H3?BJEYT,3`M+=)ON@LWIY./GJ;.?9DVLQ:EZS?L)JWWM%^ITFR=64](V<0
MKAYNR,"X=P1[H-!>@:3YZNSFOREO;C"+3K6?E1Q^^@;#^L(EFFK^E-G,(/,U
M9F!>EBOY+QOZ!9_J]/G(Z(XA6EZO?>N;O=+#_KJ69OKQ^66S)%IFBC;5!>W:
ME?>U7'KBS9%V,]$<PNTYRNE#9R2]MT^^D&_ZC:\Z+,88792T?EU6\.-OMN@/
MT@X?4;IE+\96MRA,GG.W066'^7\Y],)-]=+<ZK<8Z<T\RP_)'6/#3VNJ?0]Y
M^?,^9[,?E?7DE2S!L__6O\8#`8#`8#`8'`?53_IN<W_X:+8]5'#(GA:W*&DN
MLGW8H)[^(Q\/K0S77E/3+9C':M+F[$P+>/3N[F-%?0+]ZZR;.>_*6]N,(\.M
MI^[-]\WZJ,MJ_I39X0.YLS,"\/5GLPKCT#B'J\W9RSS+HCB%>'K)]YV">X>,
M?$&T,VUXSVRV91TB6S11GE6>T^N/3R(>L+=D3Q)',+P^<KI5+>IKWWKL^[?X
M1P+.BS&&%^4N#LNJZUX(][Z@O3Q)\R796_&4VY0N'9S.A2TY3]YWD=[^+?\`
MB#(<Z;<;>G/=E/;0^60DMZ3?>^9O0.<?,DV9[,5[,EI;,&RAYG6YC`FEZ+?M
M/NKT#C_K"/,MO$--?,IA^9?=1Y"^Z6:_4JG,[<K>U[L94T\Z6!@6'NBW[,+J
M]/(_ZO#S';S#77Q+I;JF=S&POIZO_75ERNO*$WXJI>=#$P+2W2;[H+-Z>3CY
MZFSGV9-K,6I>LW[":M][1?J=)LG5E/2-G$*X>;LC`N'<$>Z#07H&D^>KLYK\
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MTN;L3`MX].[N8T5]`OWKK)LY[\I;VXPCPZVG[LWWS?JHRVK^E-GA`[FS,P+P
M]6>S"N/0.(>KS=G+/,NB.(5X>LGWG8)[AXQ\0;0S;7C/;+9E'2);-%&>59[3
MZX]/(AZPMV1/$D<PO#YRNE4MZFO?>NS[M_A'`LZ+,887Y2X.RZKK7@CWOJ"]
M/$GS)=E;\93;E"X=G,Z%+3E/WG>1WOXM_P"(,ASIMQMZ<]V4]M#Y9"2WI-][
MYF]`YQ\R39GLQ7LR6ELP;*'F=;F,":7HM^T^ZO0./^L(\RV\0TU\RF'YE]U'
MD+[I9K]2J<SMRM[7NQE33SI8&!8>Z+?LPNKT\C_J\/,=O,-=?$NENJ9W,;"^
MGJ_]=67*Z\H3?BJEYT,3`M+=)ON@LWIY./GJ;.?9DVLQ:EZS?L)JWWM%^ITF
MR=64](V<0KAYNR,"X=P1[H-!>@:3YZNSFOREO;C"+3K6?E1Q^^@;#^L(EFFK
M^E-G,(/,U9F!>EBOY+QOZ!9_J]/G(Z(XA6EZO?>N;O=+#_KJ69OKQ^66S)%I
MFBC;5!>W:E?>U7'KBS9%V,]$<PNTYRNE#9R2]MT^^D&_ZC:\Z+,88792T?EU
M6\.-OMN@/T@X?4;IE+\96MRA,GG.W066'^7\Y],)-]=+<ZK<8Z<T\RP_)'6/
M#3VNJ?0]Y^?,^9[,?E?7DE2S!L__T+_&`P&`P&`P&!P'U4_Z;G-_^&BV/51P
MR)X6MRAI+K)]V*">_B,?#ZT,UUY3TRV8QVK2YNQ,"WCT[NYC17T"_>NLFSGO
MREO;C"/#K:?NS??-^JC+:OZ4V>$#N;,S`O#U9[,*X]`XAZO-V<L\RZ(XA7AZ
MR?>=@GN'C'Q!M#-M>,]LMF4=(ELT49Y5GM/KCT\B'K"W9$\21S"\/G*Z52WJ
M:]]Z[/NW^$<"SHLQAA?E+@[+JNM>"/>^H+T\2?,EV5OQE-N4+AV<SH4M.4_>
M=Y'>_BW_`(@R'.FW&WISW93VT/ED)+>DWWOF;T#G'S)-F>S%>S):6S!LH>9U
MN8P)I>BW[3[J]`X_ZPCS+;Q#37S*8?F7W4>0ONEFOU*IS.W*WM>[&5-/.E@8
M%A[HM^S"ZO3R/^KP\QV\PUU\2Z6ZIG<QL+Z>K_UU9<KKRA-^*J7G0Q,"TMTF
M^Z"S>GDX^>ILY]F3:S%J7K-^PFK?>T7ZG2;)U93TC9Q"N'F[(P+AW!'N@T%Z
M!I/GJ[.:_*6]N,(M.M9^5''[Z!L/ZPB6::OZ4V<P@\S5F8%Z6*_DO&_H%G^K
MT^<CHCB%:7J]]ZYN]TL/^NI9F^O'Y9;,D6F:*-M4%[=J5][5<>N+-D78ST1S
M"[3G*Z4-G)+VW3[Z0;_J-KSHLQAA=E+1^75;PXV^VZ`_2#A]1NF4OQE:W*$R
M><[=!98?Y?SGTPDWUTMSJMQCIS3S+#\D=8\-/:ZI]#WGY\SYGLQ^5]>25+,&
MS__1O\8#`8#`8'.MB7D[Q^T4-,UW"6^P+"%54EN1Z;'27'PU"U1%E?VB*LJ,
MA<FB<N-7R:;/S@J*;$XB$Z3Q;4L&>J)V$D!Y-/+9%26?$KLJRN+B@2LY=";3
M@T5L*)JE1(4RPV/3!D1/[3Y<E":=Y&X`1+P!4$;$(1)VA`WOM#O".'(O53_I
MN<W_`.&BV/51PR)X6MRAI+K)]V*">_B,?#ZT,UUY3TRV8QVK2YNQ,"WCT[NY
MC17T"_>NLFSGOREO;C"/#K:?NS??-^JC+:OZ4V>$#N;,S`O#U9[,*X]`XAZO
M-V<L\RZ(XA7AZR?>=@GN'C'Q!M#-M>,]LMF4=(ELT49Y5GM/KCT\B'K"W9$\
M21S"\/G*Z52WJ:]]Z[/NW^$<"SHLQAA?E+@[+JNM>"/>^H+T\2?,EV5OQE-N
M4+AV<SH4M.4_>=Y'>_BW_B#(<Z;<;>G/=E/;0^60DMZ3?>^9O0.<?,DV9[,5
M[,EI;,&RAYG6YC`FEZ+?M/NKT#C_`*PCS+;Q#37S*8?F7W4>0ONEFOU*IS.W
M*WM>[&5-/.E@8%A[HM^S"ZO3R/\`J\/,=O,-=?$NENJ9W,;"^GJ_]=67*Z\H
M3?BJEYT,3`M+=)ON@LWIY./GJ;.?9DVLQ:EZS?L)JWWM%^ITFR=64](V<0KA
MYNR,"X=P1[H-!>@:3YZNSFOREO;C"+3K6?E1Q^^@;#^L(EFFK^E-G,(/,U9F
M!>EBOY+QOZ!9_J]/G(Z(XA6EZO?>N;O=+#_KJ69OKQ^66S)%IFBC;5!>W:E?
M>U7'KBS9%V,]$<PNTYRNE#9R2]MT^^D&_P"HVO.BS&&%V4M'Y=5O#C;[;H#]
M(.'U&Z92_&5K<H3)YSMT%EA_E_.?3"3?72W.JW&.G-/,L/R1UCPT]KJGT/>?
MGS/F>S'Y7UY)4LP;/__2O\8#`8#`8'*<[J2<MO(8/(NLD48?9`X\?7^CW1AE
M3PYLB4MR0S`F<U@_^7(43F'4;0O3F[IW\LL@3AM(J(.2!.,3[3'D^*,_XUTN
MV\<N/=)4&TN1KTAIRK(+6Y;V>4(@Y].B$<;V16^G)A'*-)#7I8C,5")"/99.
MS?`!V`"'6A,UF99-;U2U_?%93:G;58S9-7-BL*N,3*/$O3_'1O+$OT'2UNV]
M19U9)`@*5`#X(Q)51)@@;V'8O!%O6R.'%$EZ3O"2:("FN8Q.]98V)U9;@0W2
M7FKS:?4!*\HD].4M*2.G(=4G+5EIU1I83-!T/0#!!UOL%O6R:S/+!_P4.FW^
MA*>_S4\N_P!O&*S[RCXCZ@_!0Z;?Z$I[_-3R[_;QBL^\GQ'U#8S-TL>&T<;$
MC)'F3D&PLR``RT+0S<X.<+6V(BS#3#S`)$"'D60E3`&<:(>]`!K6Q"WO?R[W
MA-9>-*>D=P5G'D/VU@UU3#S7Y5YL^U/,SFG(/-WEOD_EGD/G;D(K\D\K\D*\
M;XOP?&>*!X7;X.NQP5KS1B7X*'3;_0E/?YJ>7?[>,5GWE'Q'U!^"ATV_T)3W
M^:GEW^WC%9]Y/B/J&U$_3$XDI""$J5)R13)DQ):=,F3\Z^=))"<@D`2R2""2
M^1X2RB2BPZ"$(=:T'6M:UKLQ1/[2PV2]'[@/-%Y3I,:YM^6.:=(6WD.,EYB<
MS7U>2@*./4%(BE;IR!5*"TA:A4:8$O0M`T,P0M:[1;WM\E:\T^F._@H=-O\`
M0E/?YJ>7?[>,5GWE'Q'U#]D_18Z<20\A4EIBPTRI,<6H3*4_*[E\2>G/)&$P
MD\@XN^0F%'%&!T((@[T((M:WK?;CU]SXCZAM3\,SBA_F^2_\^'.S_J0R*+?M
M+7C[T;^GQ*'54^R6K+4D3VN\1Y:\/O+OF.[NJSR9,2C3>5.#A?RA6H\G2)RR
M@>&/?@%@"'78'6M:GY17\1]/(_!0Z;?Z$I[_`#4\N_V\8K/O*/B/J'HM/1GZ
M>+`Y(WEBJ:SF5W;SM*$#JT\MN8C<Y(3]:V'1Z-<COPE4F.T$6]>$`0=]F_[<
M?*:_B/J&R?PS.*'^;Y+_`,^'.S_J0R*)_:6L7#HO].EV7K71TI^R')S<E:EP
M<7%PY9<P5B]>O6'#4*UJU6HOLQ0J5JE!@C###!"&,8MB%O>][WD^ONBOXCZA
M\?X*'3;_`$)3W^:GEW^WC%9]Y1\1]0]R/='?I_Q%R"\12L[9C#N`DU.!UCW+
M_F4RN0"#]:">0%<VW^F5!).#K6AAT+P1:U\NL?*:TXB/IGWX9G%#_-\E_P"?
M#G9_U(9%$_M+4OX*'3;_`$)3W^:GEW^WC)K/O*OQ'U!^"ATV_P!"4]_FIY=_
MMXQ6?>3XCZAE$8Z0W`Z$GJE4,@%R1%2N)`G6J8QS(YH,!ZP@L?C"R%1S5R#2
M&*"2S-^$$(][UK?RZUVXY36G%&2.?2XX?/3>L:7EKY$NS4XIS4;@V.?.7G(O
M;UZ0\.P')5B)5R--3*DYP-[T(`PB"+6^S>L'[2UG^"ATV_T)3W^:GEW^WC%9
M]Y1\1]0?@H=-O]"4]_FIY=_MXQ6?>3XCZAF<8Z2W!V$D*DL,AMX1%*N.`H6I
MHQS1YKL!"P\L'BRSU1+5R&2%J#@%_P!W0AZV+0?DUOLPFLQP^Y_Z5/"^5MAS
M)*([?TD9E(R3%#0_\W.;SPV'F)S0GIQG(''D2I2FC(.`$8-B!O81:UO79O6"
MLSRU]^"ATV_T)3W^:GEW^WC%9]Y1\1]0?@H=-O\`0E/?YJ>7?[>,5GWD^(^H
M9]'NE+PKB+:%FBD:ON,-`#C5`&J/<VN;K*V@//WH1YX4+;R)3)0G'"UK8Q:#
MVBW_`&[PFLQP^>3=)GA!-4B=!,HA>4M0I%'EB5%)N:?-A^2)E>BC"?*DZ9UY
M#*R25'B31`\,(="\$6]=O9O>"LSRPG\%#IM_H2GO\U/+O]O&*S[RCXCZ@_!0
MZ;?Z$I[_`#4\N_V\8K/O)\1]0V2T]+7ATP-J-G8F?D,RM#>3I.@:FGG%SC;F
MU"0'>Q:(1H4?(PE*F)T(6]Z"`(0]N_[,)_:7@2CI%<$IN8C-FD#N>7FMP#BV
M\R4<RN:3^8A+4B+$H`C&[<@U8DP#Q$@V/0-AT+8==O;V:QP5KS1BOX*'3;_0
ME/?YJ>7?[>,5GWE'Q'U!^"ATV_T)3W^:GEW^WC%9]Y/B/J&UR^F1Q,*+`441
MR4***`$LLLOG;SJ`666`.@@```>2&@@``.M:UK6NS6L43^TL'D?1ZX!S%P"[
M2ZMK<E+J%.6C"YR/F#S,?'`*0D1@R4H5KGR`5*=)RAG#V$'A>"'8M[UKY=X^
M2M>8CZ>!^"ATV_T)3W^:GEW^WC%9]Y1\1]0^E'T6^G,WJTJ]!3EC(5R%00L1
M+4?+#F`F5HU:8T)R94E4DWT`Y.H3G`",`P"T(`M:WK>MZQZ^Y\1]0VC^&9Q0
M_P`WR7_GPYV?]2&11;]I8TMZ3'!]S5'+G*'WDX+5`M"4+%O-+FPK5'B"`)81
M'*#^0QAIH@@!K6MBWOLUK6LGU]T5_$?4/D_"*X)?[!W/_.5S2_Z@\5GWE'Q'
MU#ZT728X/MBHE<VP^\F]:G%L2=8BYI<V$BH@0@"+$(E01R&+-*$(`]ZWL.]=
MNM[UCU]TU_$?4,E_#,XH?YODO_/ASL_ZD,BB?VEBAW20X,*#C5"B$78>H/,&
M<>>=S.YJ&G''&BV,TTTT?(40S##!BWL0M[WO>]]N\GU]U?B/J'Y?A%<$O]@[
MG_G*YI?]0>*S[R?$?4/1;.E#PG95.UC/%KX:5>RQ$[5-G-?FV@4[)'L(AE;/
M2\B"C=EC$#6]A[>S>]:_^&/E-:<1'T]_\,SBA_F^2_\`/ASL_P"I#(HG]I?_
MT[_&`P&`P&`P&`P.*^70^0K`QII]3%N&Q)WCS]`&N$U"EAT*DK-><G?Y80V.
M<+L)TDT9<Y6P-#VA7%$)5D<<&8UA+3JG1>I4I`B(2DQ3RY?FW-B=0*O)KRB<
M7AP75W$>=[_Q45U"2TQ8+>.%1VYE'%Q2_(WWS""7?:\^RD`Y&$TQS&@T@,VB
M\E[>P[4)IX_#8-17[<;BY<-&N4S4I\<>:O&";6H>);&XV%IJ>S(]%*BGB%+"
MTK`T1EQ=H*%GL9V3&IWM6X.!IC:W;TJ+\-8(V4>[<'$.S9-,WWDM"919$UL4
MRI[H31Z+J;6K-/5-K(8:]5S"G],9)H^V5Q5#$[1U;+U3V&.NZ)E+`O:$Y?C3
MU!Y9IFQ/A_EFCY"QJ_J-=XQ;9KG&9U9KQ%Y3QX!#H4HB!-/-L*D"YSLS4VW&
M2K1:9C&'M*WJ%*HQW^SQQ[FC90(?*3B5RH>E)1\V%U%;9JOBOQSY7F.894'E
M]!;A=(A7KRRQQ-':TE*VIYS=U(A2+F)C:9*XLD<98;YH?@N"U><XC/\`*"!)
MQ`\`456_6*S'L[K3WS+*KY$3+CI*']VMUS5T=65J56K>D<58)9(9M*9Q9$`D
M$"4"A,68&$F.`#$&YW*6>;3E#4BV[JEAQJ1,5HF5?%6S>&UA6!:-`L4PM)W:
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MV4VL%,RRQVF<*3F4"#:!"4MCPP"+$%T#H\P4CTJ[HH:?);.X_5Q8D,F#M9`9
M;`&Y\9Y9/69OACZ_.:I`(0M32.QJ/LZ*).R5V")*XH4S<6-O.*,*V6(PO?A2
MK/+@RU[AY)\;C^0FEMP*;LC@&;C!&HK*I)`*_C8Z8O7DC>C5288XT%0B.L;=
M*HFRMDW;)04TO7G1[:T0$A:YP6EN9)PH6B(FC]WSD_9[1S89^!94Z?#UL@=H
M).@7`<QP#4T;:OD=,<A)6X18E"5"BX"HD>K'H@H!:TQCV$+&ZG%[#M424HV*
M>E6%LO/:R'Z52FH_()/L''5XY(OG):WH7"F.32D%44C<#W7-=JXM%5HTD<^V
M]A,S88Z/^TC8YF%A97$AF9!C6)C6P4\I51.RJ;URC?*NE#2>*81EJ=(;-U:7
M3FU[;)$C2*F^7E-Q`$A3QXMJ6:7)TN_)B59F@%#&06,0P2JC<;K?Y#PVT8WQ
MU>+A?K#:K6Y@KZBKOD*\0VKF6=H(-">+TYY!6I'1MT8@;154F>XO+ZY'%B7<
MF.%$Z,<%I!Q7ES48(4+4CFA3_)^T[PY'RSB:&=.\/<Z7%R8^V5GL#!`SY'-0
M5]8M21RG_#;9'$7V(H31PZSCCI()&VHPJWA`4-$%&E-,2A$Q2*O`9+=Y,7=1
MG&KD#%^02ZL9'R`D-(P1EI>(US5SO$CWQ2O3:O5Y\\3^(2V;JRF6,1692)(0
M2X)]`9VE.5O83O'GB%(K*4B?LLOD4=-8H7,#J_<W12G3+)JWMS*\2".-']\U
M>NBK7)V=_BBJ3'!+"G2C=42QO2B.VI-3*]$Z2'RJC>I>Y>04QL2H^-TNM9V/
M6/49Y?6L'D"QP^N&66VK4E)7%5=4U*Z@C2^&/E=M1TT#;PEZA<WLZ=&XI&1*
ML0@*3.?@!A:D<T:BK+G3=-YU%R0LYC?4D,?N)?&!IG[FPMK"P*(E:5ULBGD$
M*9$R,M_9Y!)&FKW85*MY2-*T.+>ZIB'19X2P9I:8P`I$-EUQS4F4_P"6$1J!
M8[O$1%,9<EE,58G9L@PZDFE$NO&U!913%&YJ2V&S!3R2C<G?$2QVC`W$E8E9
MO#=/(ALYJ<\P4]$@UV,DU?8BK3Q6Y5=!-[>A>'N2V@RLL%?I&QHFEN,4I`H$
M=G1B70%(SZ/\)2ZJER%08%$E$01HDQ1I:CE5'5"N1?)Z:1FQ661R4-?6AQQX
M*U'?LLT3#(\F;[(MFUMWTJ8"YM%I&R.[Q%(J4RT,F5.;,UJVET3*)"K1A5$F
M(R30PM2/^7DQKG=/)_1ME<QV-Q7,D`KR^>/M=MU.'-L75M3U`)^W\;2[%<G]
M[-CPICN;I5=W/!S.8B=$;<`34W:4)C0#6!.%/6C*^.W,V7S^R^-;!()HC?)/
M>!W)2,W'1P4T-2O7'":U.J5/["D6H6=`GG3&E:VUF4L:PN0'+!NAR]"L)&F[
M-E*1,<NJN8)5T(ZKF<PJ:ZW"F7&"0UVD$:"P06%6$XV+8FM[+BD#?V*<1F0[
M51F0.(2&TI`P"0R%U<7,H"9<EV0$I;*(Y<IR_EM<31".6EYK7`,;1</;:IZK
M9!42!#&'6-2\P=<<>;+N\]P?E;"KEP7$Q/>BYJCYR!U2)2#V5&K4$J"S5*8V
M$TCT;CM+DI.*5L/GN\ORM+*Z_P"-O!VHN4</AQ32B:CDSPM6\U]S)J.>B/&N
MCF!_04`SZ"(\S8$YGC-DEEZ&/PI12M.WLU);%D,M]U?1=A3-38QUK<2'6_\`
MS\M8XNQ&1Z6UW,ZNA\W;&HB*L+`0.+2,5RMQR`A6%4M1;;C=#5':.UH`F/2O
MY>KRF'R%CQL5G526V;'EB*RJHBT8I!+#H5(6"ZTTBE[2EGK7.7I_C*Z=,"@F
M*J%ZI*KCCDV$L"!I4.:_:XC9A*(11HF-<KK%7,577THD"E3!;6YY6%Q/+JPY
MHC!;2RP5DNBVN.$3E+:[I6$B8`FJB;5NWORT2IU6-VD*]:B+3:'Y,H3PFGC\
M.I:!GM@R^>\SHG+9$A>2ZAY+-5?5\H!'T;80S1)]XG<7[B):E:5O/)4NX6^7
MVNZ"\>H4B5&DC"#9H0@!H$HGP^GA]/YK9M$,\LL)Z*D4LW8%Z1E<\DM3<R%K
M4,"O>RH&P;TV-1)"%,(B/1M*4+P0[$,0-C&(8Q"&(3RUK9CO?E>W[4$C26VI
MD4"E\CLX%C4$GAD(%%XU2<)KN8OB>V&*7`CB6T$LO9I@5%6YSTL>%K(L6R,M
M(0D2:$6IT(I2?1JFA.3-I2(/`:4S&1B?4//>F958IL74L\;(;*GDRFK([?$,
M:XDM8F.//3E&V>(K7-F<0NZIQ5KE!:)04>F\!2%3"9CG\-PT5(+KO'C\\A5V
MJ;&)LFY'\O:L=+1C\3AP),UPFF.5=]U+#U41CC]'I)``2<N/P-F2C,=6QQ2B
M*\H/-*/4;"+<HFD3PV)Q%D5HRFC6-VMN1$S:0[E-E-[!8A3&UQDVSZS9['E+
M54]G*X\Q)TC`TJ;!KA&V.VPH"RT1X%85!)1!9P2"A-*^CC_D!=O(OB:NNZU'
MBR/SU0N%\-KNOV85BNB$,8HU4%EQ%1'04RR0R4QF-L<U6PJSU)4F2"3R56\.
M(RX\I5DJRME"2CA,1$T[=`1*>6?'.1:[C#)K#5S5QD'&-!=##8#S&8FE<H]*
MF2>"KV=)"VN*,D295\;7B?F=:TIU!!BM(>2LTH4JB32"D\H\5:S8[8N&P>FY
M1'((^Q+-CUD2SB555O2AWH>G8Y9ME2NRY=4T5DP$<;KYP@%B1T3([R1T4B6(
MR&,`@@&5XI8@)*-$,>E:.P*FFCU9/'^M;#9)%")7(YW3\0F#7*V,IY#7$B?I
M+#&]X2/S2G4EHY"7"W5R6!/)+,`4M"B'H(@@-UO6B/+@&?W#R-H)^N*)K+?<
M[E8'ZQ>$U05S8LJ@U;L#Q4]O<I[Q*K*?1$),$B,=C4I;*XKJ51Z6MQ+F@4KR
M/.B1.M4+RU.S"X6I$^'IW1R/N*NZHZG4;CDY&IL/AY19MU5I94@B\3<'98WO
MU#RNQ&9HDK(UL[!#'%S:9O`'0H*@ML)($T*4I1I!JDHY2>]R(CT;XYCWG/*R
MB*9+42IL2REMG=!BGCXZ-Q;HDC4`L>]H/6QK:B2J`F)#Y?-2'A:4AT:`1*-$
MC6*S-A.`B*52B(=92]')G&.N*"'O"2/2!<%,D2/RQ$6XZ94ZE8G)='5&@/+.
M1K'AO:AGFH2E(#$@UH"M*`#)V8'9",ECN+D)%9E#>/\`(+:>9X5:O-F74A6_
M(MPAU:,DW5U56G%^47O9>E+)'H0@JQTE,;M.N7J!A<"8^G3CV4I&-*!2CT8=
M"U(Y_#V7#DQ;8ZCDZUMDZ4B64OU'Z-XGRN0*8TR*3K#KN<\M:"KI2:K2`3)6
M9DD#E4-TEIW%6@1D`V\)S5*(I$6,LDH4C_AEG)*W[KK7D74OGD=J5QQ4=GRL
MH4OM:NFNCYG&%EHSZ;[8&V,W2TS5H?+.@,`D:]8T,:20L9($Z1>XF>6G)PF)
ME)4HB(F/RD5PA__4O\8#`8#`8#`8#`YEMWCO*;0G+/-V/E%R!IK3)'SF%+%J
MQ:^-KC&_&+#U0G.0%&7!QWMB4-DF=$2@*,U6A<TFP)"M`)"5L9PC2?A\@N)5
M=F.8B5#C(5D`,NG?(0^L5ZE(X1E5:(V_P3%BU4M2*'I=&SYAO<L,;SE`]FRK
M>U8SMIM[1;%7Q1?B8PPQOAJ2-V-8#:X5)2$HH&BI"+<4>7BIH9*#8L8:\(BY
M1&7]CF4W:DT$8D"5Q?D3B'S:T%E'$G'*W50XBK<L#K%##'>42U:[KI5/9PGC
M*26S!S1M#<K<D,00*D<>:4S>Q(&YN0L[4:Z+U!)7@&G:/<#]B-'K8`@(:M6<
M<I.KN5?;9?*3D,@:W-TCZQ942%#QS+KL3/'=I34\-2OIW'L^[&R(N"Y,)2L3
MI9@0<I.4'>$=X!@@83\,+7\%*=?HBVUK*5<ID-6Q:)W%#*_@:AR(0HX,S76C
M7LSX-G=VU(E>Q.<)B3NL8HHJV>$]D:%9H=B4JO%JRQ66?"XK59)7Z2RFY&5G
MOM^E$;KJ'K!VQ$X=)&-(P5:.8*8MILBIS%]G4#VJ=Y^\N+FO*3A.6K7`00:(
M1$(D2059)QZX[5;Q@KTRLJBCZ./QE1+YM-U9:9JCK4H7/LYDKC(UYJT,99(^
MWJ0-)*TEK0"$GV<0SMZ-,(PS1`1;$S5K-LXEJ/M+.G"<<D;^M:!V0.9@F%,S
MA%QW15\\MDT976.&Q]P>*]X_02W7&.1YA=AI&Q$JE)Y))117C='"+"+!7\/F
M7\+H)("&8Z83.?RF30R(59"ZWFRY<R$2>!)*@L!@M&-2-M.3,@&UQF3]-HBS
M*9"J5IC43T2T)TIB,"42HE2*LT;N/KHP21]F$3N.=1613^Q%]AVV<W,5<.J"
MPE)\&C->,##I/+89)'&(,,`C4-;2V,EK6)]Z,+..<MN:A4H.,%?PVS":\CE<
M0!CK:#%*8['8VQZ8F,9!P'!R0@T69K;H8L>2G(+F\G*S1JCCU@%&U*H8C#M&
M;&+6R'+K-PJ`&'S"!V)R:Y'W/&)6UFDID,]UQZ85$5EFI&SR]ML]E=*=X^U6
MZ/%CL,G8$:Y"N?SGH@A03V^(%H9FADU_#-%'%.)K9X5<*^2/ZNZ$<_C,_;)^
M(MO)`W_9.NI15C;!"H^G(*1&UNMB4[?]K6XPP2DUQ?%2XE4G4EH3$0KX>`W<
M+8%'C#7.(R^<1N6/D6N"(3^:ISX^MDD_;KPG;K9\T=7@U<PFMS=)FV>OJUP8
MCT*=.C:`JAI`I#$(24Q0JW\KK-O35-^:&"/\CJ=G009+`(E(*_$P`D\#9FUF
M)8693$S)<P2Z/E.;(W)RPI1K6Y:4`0`B$6+>L(:"C7$'3*VQ(J1\@;MM%^K2
M;QJP*ED<]0T:S#K9\CL?F425I&5@I:EZ>C#BT3:'V$],[_M>C5.:UL<C2R5J
M4T))Q1-?P]ADXEQ&)/3;-(=+I?'[,(_/=I\L,(F-Q=Y7KD%)6*7SXQ];%S.:
MP''-,CBK2JC?@I@E,6FI.E`6<WF+4:L59C%>.D#A1/'UHC8W1'$>-<1<XS74
M64*M.";2]5%&V!MDO>7)8$UV<Y4SPS3NATJ,-V-5J0+33_&&C"+0KRRVX:W7
M6S`'B!H++G]2F/0T.E$QK,JOSI42B2K"52MJ)*LZ!65$#FQ[))VE6EJ&D_9R
M4PPO0@>%O>$-1,'%T]C7PN6+;UMV<6G`4\^9(]:,W15$4\%0:RVV&H)/7AT3
MK6K*TK4J(EKJ[87=&4E94J@#VS)5"@U43Y2F4DU_#&`<%ZG;8<_U_%WF:Q>)
MSNBXYQULY(@>"#W.?UW&ELO6E+W![5(AN#983P"PI`E<7]((I8K2/1^]^"J3
MMBMO%67D<38`FE:9Y)='P$9;[K3\AVJ!@*8RF5HM5/$SH@!>V.1+07($L<VF
M/$M\W:4[T%=OP`FA;]B0;%99O>5.NUT,#(PM=T6G2VF>0I)"H<ZM04XZ*I")
M"2=I&SR)NNJH[AC2]D3+3`+`E`0$F>5IRA[,WH&@X1\-8K^(C4YH9%IUN"W7
MV46'3ZFBK<L)X60E/,[+K\<CF4F:!.&XG"8G%8M)X@IL60)&16Q-3:E;4#ZL
M`!((_P`D4)":_A]Y_$*L]G/K8V*GMCKR5V;4=OR:LFLQ"3%W&;TDA@2"$[2#
M&C&XM,85AJR-G/#40;I,Z'LI6Q>++5NY;D*MF,M.M*>SS;FD[LXS"Q"8PZ0>
M-+EY:9"Q0&&/;NVO;_'X.P(P>"W!E#BP-ASLM6'KW)>8VI@"4!3)R$Q1#&;K
MHF1VZ\PQZ8>1=VT@9"Q.2A,WU8T\>WIJ>7-P"040]O2&\Z&N<.WAF3%F%(3D
M>T?B`*3OD$(?A:)^&)+.(,*<"Y0VKYA/'2/60_U!,;>:'5P:51MHS2EVR&,C
M'*)$XDLZ0Y,MFK%73`@E)*0)*1V0,J5.24C*$L"K%6;N''6%/=E7#8TD=)))
M"KSIF#T-/($[&1W["J:^@3G<#HUI$)+?&T$J)7.!EY2`M:::['`.).*"$!>R
MM;V*E;4`RU_)VF9KY5*IW*(S5+'2D6>98<VC5,\"9G`#JMV9IJ;VXEPE4S<4
M3>:^N(PA"M$T(O%$)M%F:.%6/6CQTE%CV*AL!IY1\A*I(0L!4<+A%=-_'%3%
M-)#%)Q[RM1K[+X]6-8#"\R0DP!"U8V/B$_Q)!.B!$"+"+!\/];>*\%:WUE4D
MO$D,AT;O"8\CF"O3U*,Q@;[=GOVG721W&J\CT[+F$V7S5XDY#<></1,F<SEF
MS1EEHDZ,59U7=,M5;2N\I>U2N7NSC?EBM]GRE,^BBAC>Q21KJFM:;1@B9;3%
M&=4F;`0VJ&C6REYSB,2H!INQ_P#>[#HCV?O2-/,]%0$NO&"12F3M1,IGLL+<
MI@9'37D*^Q9Q(;!?4GC(O'(LV[;R)!)U7DP=I=G%D;"`9AFPZ%A,S5KLGCE)
MR;D=[:WRCY#&-;X_-#NXU%M#QS)KP;9'PZ$QPI._I./::[D4(;EOAJO("9@7
MY2H4*1*1G!6+`GBOX?W6O%>#UBNJL;4]21R8J%A$JKFCHTYGMXVRNXC+#F0L
M:%.(A`2<]*XO'(ZCCS&H5;$8WQXG:87CSSU:M2*O&_Y3$J&E9/245O2[86VR
MVUK.MIVF;&52+C,C'&X+=F-V3V);(F%*RF!*X*]S&<+BC42IC4'&M8M(C3S"
M!&A-%?6K=U6P-YKN,B8I!:EB7&[&N*EP53:S2J\22(\)I*5*E;2FNJ8!6$!:
M6IM1HRRR24#(D\,7AG';-4&G'&$.>4/#@*O=EM%E<C^0-TUQ;;98C3.ZEL)+
MQX;(8^H;*8'&)O"9R>:LX_5K9[NB:8FZ&-C8D7R)6C1(RTX=$B$C2"()K^&U
MX=1:2+REUGKE.9C+;!7UK%:D131]VP#=FF&Q%8\N:4],D)9`L9TJD;R]#7OJ
M\Q((MR6$D>"G(3)R$Q8J\*O^/*ZI:FH>F*SNBRH]#J)@K!6:$:]JJF0/,SAD
M6B#?#HR5*%R^MPD)WZ/(FD@],K;"4!)JCP_+$ZLL00`%>9HVO%*[88#6K#5<
M"&MAT=B<-0PB)J&KR!8Z1UM:6<MF:5R0;^@>6Y>[-Y1(#M&+TRPH]0'PE!9V
MA#"(AS&Q<+"R(4]P&?<EN1EQ,*XV.N\=W//^7YC<().8G8,?M:/6@PK:BH"K
MS)!8[;8T4;7@#E)]2#>UJ80Q`WY2LTI)K^&7S'B;#K!K?DW`)5*YCY9RXCSW
M%+=FC`./-\A*C;U7!55!8(0G>&&2,D:9V:(@,TB*-2KA@6JE*LPPU0>8/8KP
M_2].&G'OD@RDH;?KJ)2V2%*((8*R7*#5TOL<Y)`9DT35`S"D;I#5X2&%Z6M0
MTCBC)(*(.0+E1)82MG>&$1,PW3-H,.45X^5[&I=*:D"Z1\4<:I=5X(JW2N%H
M_$EI2CX;J41>6Q9K6I$0/%)Q&M:@"8.]"*"`P)8P$.?X]Q*`TLT/2R.][CLV
M0UC.HS8%2RJ;M](L)M;.48C$KA(6./Q:DZ<IV#F1B20J>/C,\`/;3'-:U.II
M):XC9*(Q*37\/4=N)4)=ZR#6@Y?/6TI7?D1Y*R.6-2F)[E,JM.&WG&>0C4K=
MS7R(OK.4P_;J'MR;R)*C3Z)94A:$D998`BT*LSDM)G3B1.I\\LB7R^NEDFK>
M9-%1N#7`V^+QV15BX,TA9!)'Q@B#1.7=F63:.H7Y2C<W1=XQQ)V3HS36,3=L
M?#>N$/_5O\8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#
M`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8'_UK_&`P&`P&`P&`P&`P&`
MP&`P&`P&`P&`P&`P&!YSP\-4>:'1_?G)"S,;&W+GAY>'142A;6IJ;$QJUQ<G
M%:I&6G1H4*,@9IQI@@@++#L0MZUK>\#5L%ONL;%5+$4=<Y(D4H(HWSE0"9UU
M8];AW$'0Q24AD28VQ8G%25K6<8C-ULTD1FB_`WL?@Z^7":-QX0_$U2G(&F*/
M/)),6'"3)"S30%C5*`ISU8B$P!BT(\X*1*:;L(>T6BRQ"[.P.]Z#]L!@><\/
M#5'FAT?WYR0LS&QMRYX>7AT5$H6UJ:FQ,:M<7)Q6J1EIT:%"C(&:<:8(("RP
M[$+>M:WO`U;!;[K&Q52Q%'7.2)%*"*-\Y4`F==6/6X=Q!T,4E(9$F-L6)Q4E
M:UG&(S=;-)$9HOP-['X.OEPFC<>$/Q-4IR!IBCSR23%APDR0LTT!8U2@*<]6
M(A,`8M"/."D2FF["'M%HLL0NSL#O>@_;`YP8.6-(2@]<2PO$W<2VJS0TV[.)
M=,744QL]E[ES?`QQ1XD"BO26-I5IY8ZITAQRA04E(V;HPPT)7:/1-'1^$&`P
M&!^(%*<P\Y*`\D:E.`DQ0G`:`1Y!:CQNDYAQ.A;,*`?LD?@;%K6A>`+L[>S>
M!^V`P&`P&`P&`P&`P&`P&`P&`P&`P&!__]>_Q@,!@,!@,!@,!@,!@,!@,!@,
M!@,!@,!@,"-[J04!==_PFMF>E$7EKI'Y2[.3V'[3-\9\!`J:0I4XO'N"]`!5
MVJ-=G@!V+>O[>S+V3$3-5+XF:49%Q[J^4TSP7DD#OR"NTZ7M,/N)7,ZX8#RI
MN^SB-N6I*XG0]E*;%QVGMVE+$?M$F2EG:&8<>$K6PBW\D7S$W3,<+61,1$3R
MC]EE<VY&ZDY&4'$)#>G(3C1$Z1KV45+,YY!+#9K]J-Q!;D;,EO'-+-TK'%Y[
M;32EA<1"ZG)!HS)`R%(B4#H(_P`8B#E&GIZ3Y=%.\\E"CE17Y,9;>32&#E\H
M$4*GASW#;[=BE]'2+IZ3D<>7LDD21A&EBU5*+Z3Q\9I2P]QD`9V4M<52]&'_
M`/33D>&!415\A8U'36LZP4'*)5-'=#/`W(OG\CY/2!V:[+658B9X_N=Q62NS
MAN&IW`YG.)/,6(43:L[!B5B,\<,1@GRZEX#+K<);9C%K23RR2DL<0J-RBEUR
M`R<L*BUVR1)9J<:&QJJG>S%55\FHL2@3_G#1(#!MJI4X(#R0)=[&@22B:>'1
M7)2"S&P8*TLT()\>ZII8A<U`/.1#7V-Y+.^I#1>4*#TX!]BE:5KP-;WO?;V]
MGR;[+V3$365+XF8]&"Q2%N$`XRVNRVW"':?(=QNR'!_KQ@"&6/LZBQT0&!PA
M[*@0*A#=':3HTYZ%,D`8$9QQP0:WK8M;Q?,3-8+(F(I/*,655M<3!1G,+CS!
MW^[^0_'9AXB.+Q2$ML"!SQGO^K96J=C"W'C,VS73%&)S;R0QCBJ9?M`-&;(6
MO28AK=-J/'HR]YM?3TGRWU-)_(Q\D(47"V_D^GAS!>U3Q63+W6'<@I`G?*5E
MW%*:)_.L9>$48)`R5^*?.Z-.YG.RESDRR<HSEQQR(+>W&#(\,*J*KY"S1SIC
MV?/T'*)9-5-@.CE>2R;R/D](9(SS,[C99\<954YB#\[.*^)MR^2)$2!28H0)
M&U:8H\6LV;I:9X\>[J7@VNMPAZLN.62FEDL9RXS7LKA5SOIDYCBN7M<O?K/=
M=PZTZEG`A$UWR1@9`R2I2-E-.;W)L/9A^3M9!2)`&432D-9<2:JM1V'R#D2.
M:W356D'/?D;9;-74UK;<(@MEQIX?'<V*JEILKK=ALAYA$C.<4[B%8UO(THSD
M16M!&7XP@<)]/3IS;835R5<N)8)!`1<G6Z]#>GIR4:>2+*@7W$=/%?+9MKZ&
MEUH?%$T96)U9-L:O),Y#8CHHC*;'"**#O!UIFVTE['I7\5;<LB/S]COY?5;$
M^<G(+7ZMDI^VN/LOBD/Y*W<YR.>*+.G$SN.,/4^>YX&%5D]R!P7(FQX:+!`"
M/EQ)S"6G$A3%+0IQX?4XSF2J87R&?9O'>:*/D=5XN5S1(6.IVZU8O%Y#7#].
MG[\R[]!)=]CY-6DC"T5:%A-C!\:3O$G:CS7$X;:<X@=0X/;V88Z/E\N,%M)%
M#U\]"K@'*B82^OX5,*ZY"5K5=J5$NXWQUQ35F7-$2,VP:R3KYK+W-QA[N`QT
M1MDT0H"A(1G&-B8(?4:QV>KDO)@U@U;M0699-@<39]&"+89;BFM3JV%LX_5F
ML?(1<\AB"W4?:86[S2&O$9DCPR+-'MZL`QJ2SVH"E,:/$)2>.;Y(I'0U0/,M
MALLKV2K*]BVGN&SJ2N$SF#$X)6I,C/32&7/)"1^E#F=M/XXQP<2$KFL\9XU8
MG3JA&D@E$\MT808#`8#`8#`8#`8#`8#`8#`8#`8'_]"_Q@,!@,!@,!@,!@,!
M@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!
,@,!@,!@,!@,!@?_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g614029g53l49.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g614029g53l49.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0E,4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!)P```D0````&`&<`-0`S
M`&P`-``Y`````0`````````````````````````!``````````````)$```!
M)P`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````!K`````!````<````#D`
M``%0``!*T```!I0`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"``Y`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5!.*TN<X/L&]P>X!Q`D-],`?N-T_,4KK65,W/+@"=H+6EQ!/DUKT
M"G%J+SD->XV.T=8ZMC7F(;[CZ+'_`$6;4E+FFJC0ON.\Z07O@R''Z&[;N1#C
M,/+GZP#[CJ&DN@_YRQOK#UOH73W`YMX=<"&"AE;;GB?>?;Z=OH^HW_3.KK]B
METKZT=*R\&NW'9<RD%U;=[&M/L]I]E3DE.N,5H$;[/CO=/$>*E52*MT.>[=^
M^XNC^KN349-&0S?2\/;WCD?UA^:BI*4DDDDI"[%8ZQ]F]X=8`TP\@`#C:/S%
M7N;CUNV.=>2UK3#'/,ZDAWL_PFYG_7/Y:?)SKJ,CTS5-9`+7#<22?\&T;?=9
MN;_U">[(Q*L=E_4354YP'T_'G8SU`'O=_(VI*95557UEP=:6.EI:]SAP'5D0
M?<B?96[]^^R21IO,0!MVPL7!^N?1<R]U&*RX[6&W=Z>QI`+6_GN:_P#/_<6K
MC=3P\D[:WP_]Q_M)_JS]+^RDI(<1IC]):(G\]W='2224_P#_T/3,JBVYS=I!
MK'TFDB)!#F'W5V^"Q/K'U3)Z7C-QJ2XV7@;K!`%;`8L=OJ97Z=N2YSF5/_,_
MG5MEF;ZFX/`&^=DC;MXC^:W_`$?^$^FN8ZU5F6=7R+*ZW[?:QKAH"T-;N;N=
M[7-W.<DIXZW$+-]0?NHS):VU^I]4?I:OM'YWVAMO^&_PU5EMG^E8MKZJ_P#(
ME>D?IKM/[017],+VN:^C8'@->&.:&N`_?J:_Z;?IUV4OI].S](K>)AC#I-0M
M%WJ6/O+@((-AW/:^(;ZFX;W[/WT5-FFZW'M%M+MKQ]Q'[KQ^<U=1B9+,K'9>
MP1NY;X$:.;_G+E%L_5Y[BV^O\UI:X?%P(/\`Y[04["22#D-R3!H>&^+2`?\`
MI)*8YV31B8S\J\`MJ$C23)]K6MT=]-R\ZZG?GY.5]JS7;K'G]$YIFMH^D*\?
M]W9_V]_IEUGUG=D-Q*:7.-GJW;C#8@-;HSV_2_2>]8%>/DO:0VESZW1O:YOL
M,<;]^UJ(4T^C5[.L7/:`&7XS[6!N@&Y]7J5Q^;Z=N]JVXE5<+`&/:^X^PM8Y
MK6.(<[WFO>UMC"[?7^BW_I/>S_A%:24[O1NHOO!QKSNM8)8\\N;_`"OY;%J+
ME^FO+.H4$=W;3\'`A=0@I__1]57.];QS7F^K'MN`(,=VC:0NB0<K%JRJ358-
M#P>X/BDIY1)7,GI69CD^WU6#\YO\0JPHO)@5/)/`A%3!;_0L<U8AM<(=<=PG
M]T>UG_DE3Q.BW./J9(`:W5M4_2/@]WYK5JT7WO?L=1Z;&Z$R=.1[=S&;_H_F
MH*;*2222FAUJAUN$7,G=40^!X</_`.BN=YUY\UV'.A6+G=%L#S9B06NU-?$'
M^2DIR4D0X^0TPZIX(Y$(^/TO,R"(9Z;#^>[3[D5,NCT&W.:[\VGW./F=&KI%
M0KQKL.L58K9!;[GP"2X_G^Y]?\W]+_A/^#5JC[1M(O@N#C!:(!$^WV[GH*?_
MTO54DDDE*22224I))))2DDDDE*22224I))))2DDDDE/_V3A"24T$(0``````
M50````$!````#P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<````!,`
M00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'``(``V`"X`,`````$`.$))
M300&```````'``@``0`!`0#_[@`.061O8F4`9$`````!_]L`A``!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`@("`@("`@("
M`@(#`P,#`P,#`P,#`0$!`0$!`0$!`0$"`@$"`@,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P/_P``1"`$G`D0#`1$`
M`A$!`Q$!_]T`!`!)_\0`J``!``$%`0$!`0````````````@%!@<)"@0#`@$!
M`0$!`0$````````````````!`@,$$```!@("`0(#!0,'"@,%"0`!`@,$!08`
M!Q$($B$3,10502(C%@E1,GAA<;,V%[<XD:&QT4)2,R08"G*R)?"!P>$U@G.#
M-+1VMG<9$0$!``("`0($!P$!`0$``````1$"(3%!41)A<3(#@9&A(D)2$['1
M8G+_V@`,`P$``A$#$0`_`._C`8#`8#`8&GKN1V[V5K/?&Y*G1=B6NJU72W42
M'NSA&(UU5[+4'G9C=&P)JJ=>ZUL6^6*D3$3KJEN4*<\4F7$K-5^/!K)-G`R+
M0B"YQC4G'XIYU_L*V0FG6N+W6)Z.VS4HO1"]]BH&.;/JZ']NDS+TN!M]3>C,
MN'<EKY*_5>58+KJ`5\Q*T%1P@!!!0:F']W-V<J&EK,UILG4K_<K*[U)L_=I(
MRBL*P].WH.GY*CQMW?OW-BME99QKEJIL!@=HFX42"1`JR;4RKA(41$F5J/>Z
M^G&5BLT-[%N<PU(U_KS;5XOZ$7$IT*DZNV/6[G:XN^6^9>3S5Y6X2(B*2L=\
MF[:I/BE=(*(-W"(.%6XPKKOMUJ*)=2,9836JLS[:J:EN415IRMN6]LM<1O6V
MV*AZH;U^LH*NIH+#;+A5W3#Z2^18R<>J`&?(-4_,Y!BL1:D[02LGM+9"5_6M
M+:F7CLC;]%:&@GD11T6]5:Z(TJE:]S6:VSL,]372B3[)KMMC"N574FW1+#,B
M%435>^T(PRM$=O-86FF5BYT6&V/L!.VZ9#L)$UFFT>1E;F.GW;1X[K5M6KBB
MC5U\Q?!9&2KD.F*D[/+`J5BR7!J]%L,<X7-I?>BFXI?>"04&PTNM:@VM.ZJC
M+5896INX_8#RH,6)+A/0Z5?GY9S$QT)9574>9-\1)00;`H(E6,X:,Q9A:3'N
M/J*3*RDHY"Y2%0F-*;+["UR\L:\5[7[1J;53NI,K#:8%@UD%KBY;3"MT9*0'
MN127YC:BHZC1=-2>\(Q64JONJE6+6$AN-ZNO3]<1M</=7%LMCJ";5]2ADJK&
MZA?6=AB)J:KKZFGK3\'/U!%V=$I4E0,)3)G`!CPI.N]^579=TD*/"U^[1<FP
MUI1=N_,6:$:PB"M$V9-7.#H4BM'+2BED@Y"R.-?2ZB<?*,&#]NFR4!RBBJ`I
MX3"'%_W;O:!D]N66?O3K3\;%7_8%!I5<LM!@RZVK6MZQ2Y-PQW=9KU.0@OK!
M/K*LW5X6^3EPAXJD1;DCF,7>LU_F2\)UZQNU6LE`C)>)L\].1D'#QC*5L=Z@
M9:F61P=K7HN5--6J&L=?J+R*?2D0_0D53&8-$!(Y!0A")B4`&$8MG]^M5T75
M-AV9`0=NN0#UYV7V4UE&-64;$?VL:SUG(T^$EK)6%)J78.F\.YD]C5Y1H+Q%
MLZE6,NBO&(/O4@#"\&NU;!U\TS6[YV4L%RL=AN=UU547T62NZX0?4^X[&&E:
MV0K,)&T-^1C*U-SL=5Q)D5%[,R;)I*G]]<[5F)D!W>'X<]V]*L:2E<I(;-%N
M'$_N^`0ILBQAFEL$O72Y35&W!8'7NSX5B*J=/GH,R"\D]DVS4';IG'^7U1XV
M8*C%7?K3L&?9^YMGZNBM:W*&@-7U#64W([#L"U<91TE9]EPRUJ1HY*RG-K7"
M%F8"IN&#IR#YDB;W'9TU"(`FV4?#'2VU.Y>IFDOMEI*Q]WB:YH^W3](V7L)Q
M!,GU'@;'#0%(GH^)0?0<Q+2\W-V\;XT81$4P8N9AS*IG:*-$5568.ACI6*YV
MJHEFFZU`M:Y>6;JV7B]ZVAG;YC6OHZ]XUW1'.PK'7PFF-J?1BKI"&C7[<3I*
MJHMY2+?,71V[EFX3(,*;`=Q]06B9H%=@"6N2G;XE14S1*,.T*^ITWL6B%V97
M*E;T%91,R-M0HI@E95A'?458&.40>27RC-VS<.!B\K&@/U!-&V*D6/8K.+V(
MC4*SH.X]CWLPYK\0+9WKFAR2\=8CQ*K.R/$I.43*D"S4$C"SD`]U!JX6>,W[
M9H,5E&0[7Z@B7UUAY-_,LYZAV;6]`F(`T29>5=;1VK5VESJVK85-FX<MI:[(
MU>2:2$DFDK\E$Q[D'CMRBS2<N$!AE?6&Q8';-'A=@5A&11@+`:4&+-)HM4UG
M;:+F9&%"39K,'DC&2<)+'CA=1S]HX<,I&/61=-U5$%DSF)TOW`8#`8#`8#`8
M#`8#`8#`8&E;4O<7>.P=RP;&MW.=M$9L;NGV%I5!H5KH-7J5"F.H_7J&L-/N
MUFHNQW51IXWO9QMIUP[N*;,;#(N!BW)!>L"-&C]^A&L3]&SO4N^ZAN9I#/:I
M%6QHWF*_.3!U)V(;L@A9:IWB8US=*/8/E9!^$5=J?<H%TR>-3\HJ*(J"V6<`
MBN*598\L/<_2L#)7ABD[G;`TUY7-MV*S3\`RC5X!N31C$CS:C%L^D)B-4=?D
MYTJ2->2)4_H:$YYQ1WY9)!RT1+BOQ`]S]/S<5:)=5M=H)"M_V/H-6LU6P+)V
M^8WJ4$-;5RFQD6_E'LO/SLL(-"MSD0Y*=)\0QXEPVD%AA].MVR;]M*R]FK7.
MK3*=`KN[G^K=1U&3CJBVD(YAK&FU>(V6_4E($3ED7,ANQQ8XM,'$@\12:PK=
M0BJ8K+$*+X8J;?J6=='M.8WEDSV2[@Y75M%W'#F1JK$5YBB;`NQ:'"R<6!Y\
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MQU!-J^I0R55C=0OK.PQ$U-5U]33UI^#GZ@B[.B4J2H&$IDS@`QX4G7>_*KLN
MZ2%'A:_=HN38:THNW?F+-"-81!6B;,FKG!T*16CEI12R0<A9'&OI=1./E&#!
M^W39*`Y115`4\)A#B_[MWM`R>W++/WIUI^-BK_L"@TJN66@P9=;5K6]8I<FX
M8[NLUZG(07U@GUE6;J\+?)RX0\52(MR1S&+O6:_S)>$Z]8W:K62@1DO$V>>G
M(R#AXQE*V.]0,M3+(X.UKT7*FFK5#6.OU%Y%/I2(?H2*IC,&B`D<@H0A$Q*`
M#"*&X^_NOJ+J.9O]%KEFO4[.:*O&\=(Q)V<=#QNV:S5Y^CTB/GXQ:7G(J09U
M:3N>U:J1%5RDV=R,=-HNHU%X4#^`DY906VJ[Z\ZUHDYOJRWVXS6Q=CT.@M@<
MU?7B5BK]GOC:/AFL*$%K9PA&RT.UG6#IYQ'&F90B+H2%^:*CY%'?3PN>Z^EV
M.O8:_21K'&*3KS<C9A2W[6"1MH--`6^<I.V+$[4"PGJ#&FU>9@A`)M:6)%/1
M?1R+5PNZDX]NY&+G"[-:=@S[/W-L_5T5K6Y0T!J^H:RFY'8=@6KC*.DK/LN&
M6M2-')64YM:X0LS`5-PP=.0?,D3>X[.FH1`$VRCX8Z6VIW+U,TE]LM)6/N\3
M7-'VZ?I&R]A.()D^H\#8X:`I$]'Q*#Z#F):7FYNWC?&C"(BF#%S,.95,[11H
MBJJS!T,=/;`]MM?V"9:03>MWIH[D'>SXE@Z?M*HE#/;#J.O0=DN%<;3Z-O<0
MAY1HTFCM_(7`-$)"-D&;I=NY8N4DQA](_MWJ68L]-IT.%IE+';EJ;'KQ;>$3
M1>4^?OE)'8M?J=N:/G[1VVMB-(#ZK*1[)-\Y@(U1!Y*%9M';1=P,5C2(_4+T
M=-T>9V&PA-F*U>&TI.;Y^=+7(989>EUZRIU>0;5\&MG<)3,XL^<)&9)HG,UD
MA,HW9KKO6CYJU&*S!)=J-/Q3G83%W+2/U#6^RJCI>58-XQ1VYFMP76G5N^0V
MM:F+915O8+(VK%N8.I$R1P8Q+=15=ZX0;-'BS<8K)^L-BP.V:/"[`K",BC`6
M`TH,6:31:IK.VT7,R,*$FS68/)&,DX26/'"ZCG[1PX92,>LBZ;JJ(+)G,3I?
MN`P&`P&!_]#OXP&`P&`P&!!.R]`]<W67[#NKEL_<MGK7::WU"S;IU_(O=7HU
M6SP]'KM:JL#KA![%ZKCKQ$ZZ+!59!!PR;3*;AV"[H5G!Q=N/<+GIF"&UB>T[
MX3W[8JW-TN9J5.L^IH*&=S<"^3ML2:WN'\9>I1"O.91%)NVC"N!@D%GA7*"%
M@?@]:)+E1$@^##L]UYM.Y=_=CY;:+>;@-.7+4NI]$5]C'2=;.I?Z!%.[_;MJ
MM".F,C)3]1B[_*[`+!S1#-V<@]CH=L9JLU,7W5!G$GJR//=0M66.N=E*Y*.K
M,X3[1S,/,7N0,YA"NX-&KT.E:^I]<IS=&!1BV-0JL716SEO&O6\@@N]=OCNO
MF"/%DQ&>E+N/3ZIW2UQ.S'MZN\/MV,VA2=H&V-!)U)5VJI0*-LC7=8HJ5<ME
M9M=71UW`UW;UD<1S`[59=I.29Y7YA1]Y+'&?R8\__P`^*.6JURH([=W*C&5R
ML]H*\FJ60I"K^5<=JK-`6V[V"7>NJ0X<.IR*FXATNW<%,FJ]-,R!)$[Q%VJB
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M#R-42AHZ4=BFUAE(]2'1C2$8`V^3*"6#/.5[ZST7':XOFR=E*W6Z72W;5;TI
M&T/;0O!$:%-2*\C7X_Z3&U^#@V4<T7(FHY^6*4S=NZ=.5$")"Y7]P9?'<?7F
ME[U9V6*V`]FW4-/:\E=>L8^/68MRUI*PR*,A8K'$@Z8/F;R>E1BHQ$0D4'K,
MC9@9#V#-WK])R,X7(]U!69?7>P=;V!]8)^.VI$VB)O\`//7[=E9["2VUX*G)
MO#OX)C$,8QZA6TD6;4639LFU1;(@F0OAR)$3MA=1W%B=4ZJH-'-C:K1^B:;:
M-G3<C`Q;.NZ1T=M&M[-DM0UZ@P;..1;'VZM4&S.;>-D>'Q7B@J*-VT=$L4"Y
M2TV/J*K[2F-32UI7ECI:>V8VVQ`0K-=BG"S=KC:?<*E!#:6SJ.>.)"/KJMQ/
M+L4T%FITIJ/9.1.8J'M'(C73^A]#I%AUE;8;8FQ36C7%9V%4@GY)MKB8DYZ(
MV1=VNQ9M;WY:@OORG.$MC8R_U&#"->NBN5Q=J.'`HN$"Y2&UGIR+UE:=T6UE
M9+)/R.\-CH[*L:4\,&+6)E6=+JFOH^/A/I,+%NACF%4I,:S3^<5=K^RT3`5.
M0$3$8?G>ENLYK2UBTR:<MGL6/>COLB]N<D6J3MC=[<6WFGV!92LS&R=74IE@
MK\7;VK:/0BW<6=LG`,T&9/!1%)P0N><K]M_7.JWMEI>.L]CMTDTTKL-YL*,0
M*O7XQI;3O=5;.T\M3[=$05>B8!:BGJ&TWB9XQ@S8(*BV0!3R(*Y5AGM;E=ZJ
M5JI6W>=KJ][O5</OF;GK38VT*WH31_#6FRTQA3)*:AK<K2'-T=E9)1;>0C6<
MG(/V,?(%Y31%L1NV0&>F/)/H+JY>O2E0KMOO]+J;WK]H+K9'5ZO*4\8R#UYU
M[N=CMU<*Q:RU1DV[B0LB5H=1LN5R19F\8'\10\R(G2&7G<=`=;KR)YT]\V"[
ML8=CWG9E&9G&FN+0!;K,ZA6T78&;R%LE!E*Y*M)'7+HZ"3ITS5D63I)NHBN5
M)$S=493CC&1XZ/9L5'SZ45:MTT59*3415D)!8I0]YZ\,V0:-"N'*O)S%0110
M()O%)--,"D*1[L!@,!@,!@,!@,!@,!@,"G3#%Q*14E&M9:1@7+]BZ9MYN'+&
MGE8A9PB=).2C2S,=+Q)GS(YP42!RT<H>90\TSEY*(0;UKTDH?7FM:1<U^6W+
MO1;J54+7'Z$I=NF]4-'[*:M5?=UFR6)*2B:AJN,G-A62N2;Y@:1GI`S8A))V
M8/9.X55$N<Y2$T9I]AJ:-N[A$'*,ILO9%YVE-1:K].18UN1O]FE;=(UR#62:
MM"A&(SLZ^?K#XF]Z4D7BX&\52E*&%X?HKK6)T[M'0?YOOBNJ]K.;LG/5ULCK
MZ*<?EW8=S<7*WUE_-1E#;3%M;3823V'7>3:TC(GA'BJ(K_,G4>'&><^50LO3
M"JV"\S&Q&>R]F5FRO^PE+[%Q!X7\A.8NLVBFZ"2ZWI0,;!V.CST2]K+_`%Z*
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MONP6NSWMY%OX&`BH]D^4G+F_=-UC-5%".%1.83^A0&5F4OJ*VI4JSM#/<NS7
MUQ8ZLTUJ1&9<-->Q\6%8TU=K#<&;)&J0-*B(*.B[LRL:L'.L6:;9NYB4TC)`
MA(HHR"0S\%8?]1==..J4MU$C92QP.O9.K3%8;R4::%5EH5&8FW=C'Z5'2D/(
MU1*&CI1V*;6&4CU(=&-(1@#;Y,H)8,\Y7OK/1<=KB^;)V4K=;I=+=M5O2D;0
M]M"\$1H4U(KR-?C_`*3&U^#@V4<T7(FHY^6*4S=NZ=.5$")"Y7]P9?'<?7FE
M[U9V6*V`]FW4-/:\E=>L8^/68MRUI*PR*,A8K'$@Z8/F;R>E1BHQ$0D4'K,C
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MG(")B,/SO2W6<UI:Q:9-.6SV+'O1WV1>W.2+5)VQN]N+;S3[`LI69C9.KJ4R
MP5^+M[5M'H1;N+.V3@&:#,G@HBDX(7/.5^V/KG5;<XTVM9+';I9'3-AG9^.8
MF6K\9&VU.<ITY2#UNW1,!7H>%6IS2&G!`L6P;,&JXMDB."K(F<)KC*W*[U4K
M52MN\[75[W>JX??,W/6FQMH5O0FC^&M-EIC"F24U#6Y6D.;H[*R2BV\A&LY.
M0?L8^0+RFB+8C=L@,],<R?0+6"L2C7:U<]A4:M,-2=6-*PD!6CTL\9"4KJ?M
M=_M6FHM6DW3I=FY<VI>27BILKE)=H]C51**`*%1.D,OR;H'K;V8Q4+Q?7,U#
M=DK9V9C)R<:Z\M*J=MO%,L>N;'$2$39Z++UZ=8JTFU.FS:0?M',VW<$06^=.
M5(R*@RG!&,CQT>S8J/GTHJU;IHJR4FHBK(2"Q2A[SUX9L@T:%<.5>3F*@BB@
M03>*2::8%(4CW8#`8#`8'__1[^,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,
M!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,
M!@,!@,!@,!@,!@,#_]+OXP&`P&`P&`P&`P&`P&`P,7OMU:HC+>I0W]\KS6U(
MST!4W4:J\X287"UQ1IZKTR2DP(,3&72R00%>L(=PNG)/&:R*R2!TED3'+BJO
M5-ET&]2MDA:=;(:RR-1^B#84H9T5\C'EL<>>4@U?G40,R=HR+),YTSH**DY(
M8HB!RF*!%\X#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8$
M:NS_`&+3ZP5"L[*GJ+-VW6H7%M$;8L5;<'<2VI:&I"S<K*[9=59",>R%KJ-.
M^D`M.ILSD>1\499^5-9)JL0"R9X6BV[T];FD.P=V;9==8RYXG7TK-1]22M>Q
M8J#3V<OJ)"I**V2LU)1DO&//[>Z<LJ],FBV:,K`U>.#),SBN`Q7XN_<VB,NJ
M4SV\U!#RVZ]:PD3!6U1O%L;-3IJ8I#IU"+6:7K<59ZFE,2TY5Z]*JN1B1:(N
M%W[):,.=!\FHDF,<XK'[+]1W1J&R]MU"VN%:Q2->-ZRM5-FM4[!=([9P2FFM
MT;WL:\+"TNJS3B'CJQKO0%I>D7=..94L<!6A#JKMDUABO*[_`%&-9QCVS1<M
M6)Y@\BI'<?T.1(E-2=9FJUIS8G7S7<G.2,E#U>0FZZ[F7_9""61:FBW*3<B:
MX.'*0`F<\ROM^*>\#8Z]:HXDQ5YZ&LD0JLY;)RL#*,9B.4<,EU&KQ`CZ/7<-
MCK-'*1DU2@;R34*)3``@(9659P&`P&`P&`P&`P&`P&`P&`P&`P&`P/_3[^,!
M@,!@,!@,!@,!@,!@,#7[9>@M;L4YL=`U_DVNN-K]NM3]S;C3AA5'-A-LW5;#
M5Y$8.$O(V%(T52;',Z:@7CAL:-7=MB_.H-G*23AO\F7/YHV5C])V>J,&6&K?
M98E57:T!QKN,L%*T^XJUC:0H:"V!I6/]R3;;:<^Y[4M<6EC<II$0(N]BRE3^
M75.F[;3"^[X)HZ-ZA5_36V+7M@TK#SLI/:[H=$@V2$':DU:<-<E+Q,6YY#3]
MTV1L6>4B[N\MC5,L>HOQ&LX9FU365;HH)H5+<IB80P&`P&`P&`P&`P&`P&`P
M&`P&`P&`P&`P&`P&`P&`P&`P&`P(W;DW5J;7U^UW1[ZSLTE;;)6=C7VD0T(P
MD)5M+P])-4:1>A/%,WZ+2<DVIMOQ#-K&+H.7C]66*6/076(J"19*MIKISIK2
M:_<*,G#ZGK].M\!7=57*A/+2S;TN3CJ)2ZW0J[7W]*?SGY;0L%?H-:AHHC@K
M1.5+&QK%$ZHI-FP)C->>8V+U6HZ-7T\FO',J[)72LOXF)J"4Q^11LFQ+]L20
M9!)S%?53K;IB]V#3)HTI'KKK-T%@#YQN5$Y1P<WE3&'3CI9<8<SB`U_49:O%
MB*3!IJ5*[V8D$R@*;J&TZMIL.P"MVQ&-C8=OI+:TM$?+H>VB^@IU8BY5D7')
MAFL/34)^G>O!Z^L+R%&4@]NRNPCZZF8MSMYZE=8>X2.I[/L>W1+V.D16<ZHE
MI/6M1>FE3F+7W*C%@=D=3YMN+J+RV)U92'<UZ'D("*/"1,O'M9IG&+PB];>-
MDY=`DAX2,"[:L7L3)_\`,?\`,-W"*;A);R*H4#@8,K*OX#`8#`8#`8#`8#`8
M#`8#`8#`8#`8'__4[^,!@,!@,!@:A_U*-%=I]L[%T_.]<*;,3<17-,[ZK^Q)
M*"OU3U[8%WEDV#ULGJK#T"?F;K7GE=W`%2HUN+4;"Y8/X:!F7B?S@HMWCA4D
MK6MGE7[4X_4-M>ZHY9+6,M#ZCK6R%I^MO5;#H4DHE$(0':2!3=KM6%]<O5T7
M3.P4,I&;LCX1<)&<'%,#.T$!QA*GIXZ[1.-9R).V<=\CL1O,U[Z:L8^O#J/8
MAYJO6\C8_>#6;]Y7B?2MK/+*P1Y(BJ9HT1-^,F*;E:I<>$L,(8#`A1WBT=:]
M[T_2<-481*8<T7LYI?:LZ?SJ`/H^HT:<</[,YA4;NDYKSZ;4C53)-FSE%5NX
M.?P6#VA/A9<9:\H[J?\`J*5?K(?KM&3%)<P;+K%.ZSBH)M<6UHJ"LV]ZO[3U
MG7ZK+(;3CYR3FFQ=PK5:8FOG#+0YV9'234AVBBD<,:S,Y9.>=4.TSRTL8T[2
M.;:DC^W4GV,C:S%V"H,WJ#I?N4]W))3\JLJT7D%9A_J%VU;0B#&0:D:21)%-
M[R1=NJ!,Q:K&C?J/Z/U+3$VLH["&U]U=U1K^4IFO6^HGK1+95>T-1JM9%Z5!
M.D:Q!P$<?;$.L1N[4>1,'$,%%':@,V!5U"N5_;EM-ZTRUWG-&:ZD]D?G'\\K
MP[E*S!?H.I5ZUEDF<M(LCDDV%#L=OICA(B;<H-7T7*R+*3:`D\2<*E7`XUF]
MUG/"&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P(W[-ZS4G;&]
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MXG77.JX5554%N62L(8#`8#`8#`8#`8#`8#`8#`8#`8#`_]7OXP&`P&!'+MU>
M-O:VZT[DO.A:FM=MN5NFO'])KK6'>6-XO("X;-W<BQK,<121M,A7XI9Q(-XI
MN4Z\FLU*U3*8ZH%$L[F4-]K]S]@Z68;5EJ/5-I]A(RK2-\A8-]::9!Q$!8+5
M2.IEBW_6X'5UPU/7CMKY';&LT"TK2BZT<FO'6.379I`LLR,QR+A3KCW;WOK^
M^SI92@MK31(?9'86NFCZKKRU?6_RU27.BV.JI,T\M9'<6+)>O;#G;5,.00$7
ML/"++M"MFZ9AP87?9N[&^JZTV9*DZX0$[':UJ>IIB4C*QL[ZQ;'T[L6FM+A,
M1U09R-:KE-O4'5F;"6,#Q&>8/I---J1A'NGBZ;148GJO'L[VFV#6J-JFZ=>:
M78=AUBSW';#2]R,)"/&UQ:M=,4/9TZZUG4(6R5F209;0V5LC7Q:M#&E8]1BX
MD#_)$$CE\R=)"3U?1;8?8BA=BV-?O<O(7.EW_9DRQIU>U[`5XM/J-0_*=QD*
MA"W*T2]*96!I:9)A!E=/FY95T/UU:-,5PU@W;XS$8F&P+*R8&MGLLOV?LG;C
M5FK-#[,D=85Z>Z[7NVSEGD(09ND0MTJ?8'KL,4H[8.:]*1<[:I_43^],&,*Y
M=L$GR!EG?N$5C45T(U,8N7PA>VW9X8ZI2DEUN)8VUJNU_AV"%*);"R#F'IW8
MR@Z/81SE&98!'UJS6"AV68V,@X?._I1Z[7UDRJB@+N5CZF(CG7.ZO<B#B[S>
M)+K]?;.:YEC;%3Z`KJ7<Q@I<\OU8U;LTNJ84@UE"S2+LNS'EA@I!9RB`EE6:
MIB(,B@$>2+B>J0EJ[4=G%GM<F*EIQ*+@4MH=AZ7-56;I>UGEF4_LMH._'&O4
M;;*-:B$?4:WL>P4.L2C.<C4IA%PQL2::112127E1B)<]>MV#NFG'?R]4MU#O
M,$JDSNM,N%2?UIW#/7AG#B+6C)`DA9*=<(25BTR.&\I79R>AUP.()O#F*8I:
MEF/DSYA#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`
M8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`__UN_C`8#`8#`8#`8'Q;MF[1$C=J@B
MV;I^7MH-TB(HD\S&.;P23*4A?(YA$>`]1$1P/M@,!@,#`?97=J^@-7#>8^HN
M[W8IB^ZGU73*HW?IPS>7O>ZMH5'4E)0F)]PW<M*_`DM%S:G>O%2&!)N4P$*=
M0Q"&+)E%Q[W/M_NZPNK*)KS716RZ]HI[3;[*U.R*S>QYG:]B:0TLRAZK%VQU
M+4!Q'R$U#0<>VDT)!%>?G&X.WK-J""KZ+B?BV*,'S638LI)DH95G(-&SYHJ9
M)9`RC5VB1P@H9%PFDNB8Z2@")3E*<O/`@`\AE9?9-!%(ZZB2*29W*H+N3IID
M(=PL5%%L59<Q0`552MVZ:8&-R($(4OP```/K@,!@,!@,!@,!@,!@,!@,!@,!
M@,!@,!@,!@,!@1[[;;3M.C.J_9+=M(0@'=OTWH?;6UJVRM4?(RE;D)G75#GK
M@PCIQA$3->E'$9(+PP(+?+O6RI2*"8I^0X$LYLB'W7?]0Y?92S6L6^HFE]@6
MG<&TZ-3*[0J]+04M'5/5$WH2D6N8VA6[1.S2U$FX>Y;U:R`('?K%DJ*@$^U*
M)U4XTT6S#^T_]5735MK=&L(T*_P1KTRT9,L(R3D-?N7R,!V`B=#2E/DRLX2X
M2LDZ/$?]0T,$RD#8GTLC9<5C@HZA$I=D]M9@ZI]PG'8@8&$7U]86[\NC-3[A
MMU^;I56!HS!3:S:R&A8).N.]AV6YL7RSJFRGW4OJK5!)`@JO`%4H94L]&)X[
M]4S4$J>M&84&^OF5@MU>J:TA'/:3)L8XUJ@>HMKA9IO)1]G<0UG@5:YW/JR@
MO8AT^9N%6K\6*KUF5F^>3*^W'EE_JOVR?=F=B;>;1L`WA=9URD:8N>MUGS5-
MO<I./V-*[BBI%[:196B>C4$G9=;M73)F+>/D(\CI1!ZF*Q>"5+,)NX0P&`P&
M`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!__]?OXP&`P&`P&`P&`P&`P&`P,7[=
MOVFM>TU]*[UM^MZ=0EN$G[O:,W6X:L/#H&([3:J#:'"$<^<%51*=-$`.H)RE
M\2B;C&,C3EO7]<_],FB-!K40WG^PGTINSCV430-6LE:LR^D/8Z6B&:<IL@]-
MB/ID;+0S)PBI'D>IH+M454BF.D3QU-:N*@'?/^YXE#KJ(:QZCL&S8BBGM2E\
MVPX>KN4?=)[0J0-?I4>FQ4]DIO(`DG`>1PX'@@^=]GQ,(UR7_<M=U57`&B-.
M=7&+3VR@*,E5]L2K@50$WF<'37<,,F"9BB'!?9$0$!^\//`7V3U7#H2==Z=M
M(0.MI4M=UT9>XZAU+L"43&)LOM(3%\U]7K9,-6`!;?-&-;R,LH1L10552(E*
M!U%#`)S77269RX[;W7:R*I&?J`VM(X#,Z\KS]/D>2QDO)1)Q+R3@`.Z0FB@/
MB!O7Q'U$/3TX&_Y3U3_2^C,%<[YZUD#)I6.LVJN*'-P9=L5A.QZ0?[RJR2[!
M_P`?^!J<<S?MWQ5GW)YB2]+W3JS8(II5.[P<B\5\03BUG!HR8.)A$."1$JFR
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M*+*N9-S$Q+".<2+A=TZ?++OUF;=%1XLL^>K+&,H)C&56.<1\C&$:RKF`P&!9
MUYV)0-80+BT[(NU3H-;:\_,3URL,36HA(W'()FD)EVS:^Z;_`&2`;R,/H`".
M,6]#5WMW];CHAK`SMG`6^W[DEVODF9EK"HNUF`.>/PRC8[DO3Z^[:^H"=9DX
M>%*41\0.<!)FYILS[HU\WC_N+S^XJWUKU=+[0>J,M>-F#[A_Q!#Q5K\!4?%/
M\(`'D),_WC<<<%Y-K_/XI[O@CM*?]PMVV6<`:$U'UTCVG!N492!V7,./+S,)
M1!RTV?!I@`)B`"'L^I@$>0`?$+_G/6GNK=&S[V;<<:MZ]W<]=UP$MMC0]%VA
M8FY8BS!'LI^SGEROV<*D-O,Y;0Z(,">RFNJY7+R;R5/Z<3727/?:7>S"K1OZ
M@%Q2.`R^OZT^3\@\BQLG*11Q+P'(`=T$R!3"//KXC\?AZ>M_RGJG^E]&6ZYW
MXU^^,DG9JA9Z\=0"@=:/6C[`R0.//F*JACPSP4B_8)&YS#_NAF;]J^*L^Y/,
M25IF]M27\Z*%9O,*Y?+\`G%/E5(:64./H9-&-F$F+QR8@AP(I$.7[0$0$!'-
MUVG<;FTO59;S*F`P&`P&`P&`P&`P&`P&!__0[^,!@,"!78CKWL[8?874&V:-
M)$2C*"MKMG:*O;&]5MVM+U3FVRE;/?6:]<G$&MJUUL^L0\:V?56RUUZ!9&5.
MG'S;=2+3]Q*-2\6(O]?M$_J,ZDT5J;44=<ZY!-M9:STK0X-K)O*7,(1$Q3^N
M.D*2\(N^80ZZ\MJ>O[6JUM7>LN"3LBSD&)VRY/%5,@MEK+">H?U":K*[?DF6
M[(/8$"XEH$^JJ_,N`9SQ*@AV4E+/<8MZ[0:P<26WS/5Z8&L1SD[AL@A.1K%[
M[S0ZCIP#DX]$CNNE'[!URS[;D]X[/M5RBW$]2X_6,7((:V:0R];::+TDPN=K
M>1U1KJ$O"6>:WK#W-Y\B$DI%-X^11*V;D("94:EQXB5^$,!@,".W8OM=H/JG
M4QMV\-A1%2;KIJ#"P0'-(V^T+)B!1;5FJL06F9<2JF*518B0-6WF!EU4B<F"
MR6]);)VT`VW_`+@:2L.[:'$T;5S.F]>PND.RV!/VQ9:3VA+4MX]*QF92*;P[
M\E?J3J.CG1W1&Q32BJJS8A0=)%.<N=/\^+GMGW<_!S>_J`5_<E+[:[EHF[=E
M77;=DJ5L>M("^7BR2%GD++K^6\+%KZ?8/7KMV@WB)^G2[)Z@W:"5HW*O[:10
M*4`RSJ.L0TRJ8#`[:9'^IVB_X9^M_P#<M2LNGTQYON?55OYM@P/Z`B`@("("
M`\@(>@@(?`0'[!#`D)KCL_MW7!VZ#6Q+6.#1$A30%I.M+-`0(`$!%D[55"3C
M2D)^X5%8J13<")#!Z#BZ:WPU-[/+8QJ/MSKG9)FL3-*%HUJ7,1%.-EW)#Q4@
MN;Q*!8N<%-!L=14Y@`J+@J"QC#XD!3XYRVTL^3I-Y?FE=F&S`8#`8#`8#`8#
M`8#`8#`8#`8#`8#`A3=?T^^L6Q;_`+!V;=*A,S=NVDYM/Y[?FMD_')V""O6F
MHCK_`'>EO$(AY'E-2;9JBM1,<\C@'V1<1#-^G[<BB#L2YK&-_P!*](T9ZUA=
M[G)MK)K.N:1I-P(XMDVYE6#.5+V"JNF6+M(K)VO,3]E==B;VB@5N"[MZYE?Q
M2F,U9`W'*DQNC?T\5K+4*A7S?6+5#Q],M=*D*;9-CRWY<9[,<1[9A-P]IIJR
MU>K9-Q&FTG4L!7#<DRW??.+D%`Y5@B\LYP/0_KE4&S)K3*S/5A",LFN+A'(,
M[O<G*;6QZJHD)K:H2)'#Z=<2R!DZA5XQNZ^7=(*.56)70G*\6<N%ZF:E-4:\
M2HU2L51.6GI].L5Z%KR<[:9=[8;/-$A8UM&EEK'/R2J\C.3TB5M[SQXX4.NY
M<'.H<PF,(X1<.!B+<N^=2=?ZN>W[<N\/3XD?<(Q2>JG7F)MRF!1,RK\$S(XF
M)QX4#@)B-D5/:(/FIX$`Q@LUNW$B6R=M!W8G]:#8EB<O8+KA5FFOX$ISI)7>
MX,V-@NKXA%`$CIC`J&=U6O$4(`E,FX++',40,4Z1O0.^OVI_*LW;T:FOU24Y
MRZ;6UMV3)-STS0.S&LHF]UEI*3DK.QU&N4$"53VYK:#7E'+@&K2LW.,,Y*W0
M!-!!"11(0A0+XE:\9U]$OJU@Y4,!@=7L7_A[Z6?P?ZA_I;)DT_E\V=O'R4C-
MLF`P,[:Z[(;;UH=NC$69S*PR`D+^7;(969B?9(!0!NV!=4KZ,2`"^@-%D`Y^
M//KF;IK?"S:SRV*ZF[D:\OQV\1:@+0;(L<$DDY)T5:O/U!X\0:SADT$V:J@@
M/X;LB)>1`I%%##QG';[=G7,=9O+WQ4ORF*<H&*(&*8`,40$!`0'U`0$.0$!#
MX#\!S#;^X#`8#`8#`8#`8#`8'__1[^,!@,"&'=>W7RGUK12]#E[3"A.]H](U
M>_/*FV>NGB6IIRP+-]C+21F3-ZI%P;:!`RCJ0$J?R!2@J"J0@!L+/*)6O>VW
M>&E:Y28[#ZMWW:]SB&.QI&"=A`OJK=-FT]A(]K)37-JFH:%JR,#4;"TJFF*0
MSL$21BG).9/8;,S:/:.181,I%LGJRFIVP[1/)N[,Z_H6N/8JE5-S/M74VXLU
M6>[&11WEMO4D9-4-26*6MM6=JK%-@K6U;SLE$Q[*-FR'=S!(Q1&:P8B:FD]L
M,=P4:.L:</:JU/M6-7;7:J72DV.AV"IVV=H=2OKNNOH:Q)&`[B-C+DT*LHQ=
MR3%-P*C<KM55!;QJ689=PA@?P1X_]O4?YL#0W^HI^LU4-!.)W3?6@\-L/<K7
MYF,L5W5%*2H.M'X`=%9JV*F8R%SN4<<!\FY3?36*W!7!UU$UF8=-=,\WIF[>
MCDPV7M'8FY+E+["VG<I^]W2=6%:3L%C?JOWJH`8PHM&X'$$(^,9E/X-FC<B3
M5LD`)I)D(`%#K)CB,+"P)G]NXH.Q'2_KWVE8@=[L#KZX;=1=^'`2JO'-8:-W
MECZZ7IZFDG[P-5:\:1KKE\X.<R[M@W3Y#[H&QUM9X==+F8:C<K9@,#MID?ZG
M:+_AGZW_`-RU*RZ?3'F^Y]56_FV#`8#`8$O-&=M+=K11G7[8=W;J,02HE075
M]V>@D1$"@>'?.#@+EJB7X,US>V```)'1#GRY[:2\SMO7>SOIMIJ%QK=\@65E
MJDLVF(=^411=-A,!DU2@456KM!0"+LWJ'D`*(JE*H0?B&<;++BNLLO,7-D4P
M&`P&`P&`P&`P&`P&`P&`P&`P&!!K;W2:(W)>MC7>P7I9DO;9;K;8JNSCZX<H
MU&?ZVV*[6"#=OW*EC%.TLK,%^?-7C?V6'M("04C@J4%,+E^2=$=?5VDZAI.L
M;'+ZX1U!7M,U9I/Q+1%2S7>$TO%U"I0S784PR=0[BPFE==T]*`=B7V"N8YRL
MW=%=,Q(T),+GE.%L@5LW0;%465*W120*JY64<.%"I$*F"B[A8QU5UC@7DQS"
M)C&Y$1Y'*R^V!J;[P?J@4KKTK*ZTU"2*V)N1N*[*5<G6%S3->NR`)%$IQ=HJ
MF><LC94?$8UNH0K<Y3`Z53.3V%.NGV[MS>F;MCKMS*[/VOL7<]OD+WM"VR]R
MM,D/"TG++@<&[<%%%$H^,9(D1CX>*;'5-[+1JDBV2\A\"!R.>B228DX<^V/<
M"5$;"AV"Z5[LTV8H/+[UV=J]G]3%4.872U-00:P&^ZNS.?D"M4H`64\1LF!C
MK.&"AR@4`4,//:8VFWKPU.98T[80P&!U>Q?^'OI9_!_J'^ELF33^7S9V\?)2
M,VR8#`8#`E)H_M-<]4*M8:64<VNC%,5,T*[7\G\,D)OOK5U\L)A0`@#S\JH(
MMC^H`"1C"IF-M)>NVM=[/DVYT38%4V/7VMEJ4JA*1KG[BGC^&[8.@*4RK"3:
M&'WF+Y'R#R(<.#`(&()B&*8>%EEQ7:67F+TR*8#`8#`8#`8#`8'_TN_C`8&K
M3L]WPV-HBZ;LJ*.NFD>2ATNQ6W5=DL%=F++0]O&J^HX/8E@K8W>IVQL37^RJ
M_)R+@JM:G8]C\[7DDY9G(KBK\D6-23"J;2_4FI\3KK;$AK&C7R1V3K6L[0EY
M*(M5/![4ZH^U?L_L?J!X&P)NIVETTC8:Q7WJI;&$>[:O%DCJ?(>X9-1\@D>I
MA>EO[]U.O7!2L%U[LJ//3][;'TML9&8@Z6LZ._H75?>':)F-649[11*@6Y47
M5S"5B7;M)1-5A+MD'2#-9PHJQ&%6H7Z@>JMBOM:QD!KW=(/]G6>QU:.;+U6L
MN1@'57GM<0DE(6):&NLLV^ED1VE&21SQQY%9I$D<NG:;8C93@8>Z^=Z]/ZUV
M)9-6+5'84W:X.WZZJ:R%2CZ(YCY6Q;4VWH;3D:1O(/KY$MVCF+N'9*KJRB4E
M\B\28.E'*:2Q2D!4861H_P#4`K?9/;FG*[J2LS9-7['U?:+K*66YQ4=%3;>>
M0U7UEW368"(;Q=REEB*LZ-V2CRS(.X\J!7P`1DZ<)D4.(LQVV*&,!0_:(^@`
M'Q$?V!A&D3]0WL_L+=>F=O:SZ&[)C9J^:S=.@WA$54KTFQYS6B;$J4Z]TI+(
MG]F=90DDH9O-J1P&D/;+PU4`IR`ZZ:ZXQ=HS;GB.,O.K!@,"=_0R;@;1=M@]
M4+[(),-<=S*(YTJ\=O%%/I]<VD+HDWH>\J-TP,"SNM;.:M$""("!$)%8>!#D
M!SMUGS%UN*U(7"IV"@VZTT6V1J\-:J78YNIV:(=%\7,58*Y)NH>9C7!?]E=C
M(LU$CA]ABCAW6Y@,#MID?ZG:+_AGZW_W+4K+I],>;[GU5;^;8,!@,!@,#,&G
M-TVS3-A"6@50>13LR:<]7':JI8V8:E,'J($$?E))`O(H.2@)DS>A@.F)TS9V
MUFT77:ZUNQUUL2M;/JL=;:N[]]@^`R:S=7P(^C'Z0`#J,DD"&/\`+O6QA]0Y
M$JA!*H03)G*8?/99<5WEEF8OK(I@,!@,!@,!@,!@,!@,!@,!@,!@,!@?P1XP
M-"OZD/ZEKNM.[!UZZ\30MYUL+V$V7LN.4$%81;@[5_4:8[(("G-(")DWTDF/
M+,X"DV$%P.JCV^W]O/[MF-MO$<[ASG4.910QCG.8QSG.83'.<PB8QC&,(B8Q
MA'D1'U$<[L/S@,#-O7+;2FC]U4#9)T/GHB$FBM;9$F13<HSM(G4%H*Z0:S1<
M#-W)96L2+I(I5`$H*&*;XE`0FT]TL6<5$KN'HQ+KGV-V=JR,7^>J49-$G-=R
MY5CNDIO6MM:-[/091)\;[KXZM7E6Q%U2B)1<IJ!SR`YSES,E1FRA@=7L7_A[
MZ6?P?ZA_I;)DT_E\V=O'R4C-LF`P&`P&!D_5&VK7J"S(V"MN1.W4%-*:@EU5
M`C)U@4PB9J\2+R!%DP,84%P`5$#CR')1.4V=M9M.5ELN8W8:KVG6ML51E:*\
MX`"J^+>3C%52'?P4H!`%>,?E*!1\BB/*2OB!5TA*</CQGGVEUN*[RRS,9,R*
M8#`8#`8#`8#`_]/OXP&!"/<VX=":_P!N3>KMGZAAI25V%I2X;0:3SFL4R69[
M;&FN:U7I?4J@3`-G4UL638-8P\;&NO<0D&#$/!4`9'(D69]6)]0=DND&XJ11
MK-.ZOUUKXFUH^G(5&NW*ATF2>V`_8S5E,[.+UDR$#'2Y49:<AM@$D)UJZ*BF
M]D&SQX4SQNG\Z>+B^K.B&_.E>SHZ*E?S5J2YL9-9Y,Q:DA7FDHL=[*T4M95>
M@TDH4[QK)V2A3!H-N*B9'$HU64BT06'W&P5,5CVKT[H?V$O>J[SK(M`FK)02
M,MBT)SKJ#90K5D27FX^4CK$=U'U]J>-/9UM7D*4Q5VJDU%QYTS`Y9!QD7F3E
MZ-D[FZ;5/8>^&L[KBBVG9&CZ0?<>UE8VB4*5O;YW7(&J[*9Q%?8OA0N%XV)&
M0\-59@3((F9122D,LZ?M519$&IS<<LGZ"E='6MY(/Z3J"C:TM%$:MZN@@QB=
M7I3J$"SCV5?*I5W=$>2AU->H(0:,0T=)J(M'!XL[=)/VVA!$7CSPUQ_JI=\%
MZ`QD.M>HIKV+O.QWM;2LD<MPYJ%?DVQ3I5".7)R*%BL,>X!1XJ40.S9*%*3\
M5?S0[?;TS^Z].>U\1SR4.^6_6-O@+[0I]_6;;67Z<E"S4:H";EHY3`Q#%,4Y
M3HNFCI$YDG#=4IT'"!SI*D.F<Q1[V2S%Z89D[&:4J_;FKV/LWUXJ\76MQ5J+
M5GNS/7NMMSI%DRI',>5WSJ*+!14[ZNOCJ@>P1"!1<13@1<<*IJF7/RQ=;B]-
M=_-J,RH8'J8O7D8]9R4<Z78R$>Z;O6+UJJ=!TS>-%2+MG39=,2J(KMUDRG(<
MH@8I@`0]<"4GZF]>9;&?:/[R5AFV1A^V-%XV<WC6X(,J_P!E-5I1]0VZP.U2
M45"-1M0$83[,%A(H[+(+JE`X%.<<3C,=M;F-5V5HP.VF1_J=HO\`AGZW_P!R
MU*RZ?3'F^Y]56_FV#`8#`8#`8&<=#;JF-+V]*32%9Y6)4Z#2U0A#!P\8E./B
M^:%.()DEHSS,H@;DOG]Y,Q@*<1#.VONGQ77;VWX-XD'-Q=CB(Z<A7J$C%2S-
M!_'O6YO))TT<D!1)4O(`8AN!X,4P`8AP$I@`0$,\UF.'H[Y5;`8#`8#`8#`8
M#`8#`8#`8#`8#`8`?3U'X!@:=/U1^]BVDJZMH;54N9OMFYPXGM$]'.`*[UU4
M9-,R9"H+)\F96^S-3F^5,4Q7#!F/S)?;45:J9U^WIG]UZ9VN.'+V(B81,81,
M8PB)C"(B(B(\B(B/J(B.>AS?S`8#`8$@>TT*.\NFFF]Z-2F=7?K'+(];-H'`
M"*.5]83QY"S:+L3CP\/E8V!>&E*\`F\C*'%#T*!1$W.S&UGBM=S+4[A#`ZO8
MO_#WTL_@_P!0_P!+9,FG\OFSMX^2D9MDP&`P&`P&!EO3.W)W3MP;6*+\G48Y
M\&=DA#'\4)F)$_)TOB`)/FHF%1LL'JFJ'`\IF4(;.VLVBRXK>34+7"W.OQ%D
M@'I9"(FF2;Z.=%X`QT3<E40<)@(B@]9+%,DNF/!DU2"40`0SSV67%=Y<\KGR
M*8#`8#`8#`8'_]3OXP&!A?8.@M;;1L,-:+Q%+3<Q5W24E3UUUTRDJ,TC4]B4
MDDY!HE0!,),:_M*93$7(.4C*+(J"G[C9N9(N6+-7=(M#Z<=:^>46-LC!;5ZM
M<4I?SEC=R1(PE0T2QZU5A%4KQ-3Z@E#Z;C48HHN!4.N<GS:YE7@F7$9>MKTH
MZ\M8.A0!:B]6::WJ==I595<3TLHX^@4N6DK!0V\V`.2M+&M0[#+.)"'5?).#
MLWRAERB*AC&$9%.F.E4AUR]AV-BK]FU+0*OJO7EXA+5/Q%XJVNZNZJBJ-3C[
M;#2$98#P<DVJ#9-\P7<+1<B8RAWK5T*JH*#-9(8]?-2QNW9;>;.JHH[)G%E'
MTE-_-O5$EYE:HUR@+V`L<HX.Q1G'%%J$9$'<$(4PL69"<`)E#'&>,(G]D[9J
M3H7J_:6Z:C$IDV3L9\RCH-M)23F4<VK9*U3K551F'8/EU7"C-G!T=E*3`%.5
M)T[:K./1_(NEG.M-?=MAG;:X<C]@GYJUSLS9[')NYFP6&3?34W+/U17>R4K)
M.5'C]\Z5-ZJ+N7*QCF']HYZ^G)1\"[J'?+?K&WP%]H4^_K-MK+].2A9J-4!-
MRT<I@8ABF*<IT731TB<R3ANJ4Z#A`YTE2'3.8HK)9B]#+.^NOU5[44RU=ENM
M=5:5O:-28*6'LIUUKC4Y69&WD'U'=>F8TGN*+4YZY,*DU")^:\(X.*B8':F*
M;.7.MQ>FN^?+4OE0P)\];HC_`*DNM?9;I<X)\]<#Q"O:/K:W'V1<#M[4,,Z&
M_4^(2$4UW3_9NH!>H$3%0J)%XI)4WJ7@V=N,5O2\X:8\.I@=M,C_`%.T7_#/
MUO\`[EJ5ET^F/-]SZJM_-L&`P&`P&`P&!L"Z4;H4BI4VHYYUS&RZKE]35EC\
M`RF1*9P_A?,X\$:S"9#*HEY`"NRB``)E_3E]S7^4=--OXMHY3`<H&+\!#D/_
M`)_RAG%U?K`8#`8#`8#`8#`8#`8#`8#`8#`PAV%W7!:"U;8=BS:17RD>5)C`
M0HK@V4L-G?@H6(ADUA(H*:9S)G7<'*4YD6B"J@$,)?$=::W:X3:^V9<T^ZNN
M<?VCGK?NWKG;IJV;#L3R1ME^T#?Y!!?9[%TL)W4D\US.^+2-V/6VO!B-F**:
M$DR:II)@DH)B)E]$MTQ-IQZN?&W,[:P'S%[&/'4=),W4?(,'"S1\P?-U6CQF
M[;J&2<-735<B:[=P@J42G(<H&*8!`0`<VCRX#`8#`EWT[D:_8+M;^O-Y=I--
M?]J*-+:4EW;DONMX&X3!T9#5%Q30,`I&D*SL9BP,D<X"1$BZAQ`W'&8WG&9W
M%GHU#7"IS]"MEGH]KCU8FSTZP3%7L46N)15CIR`D'$5*LE#$$Q#F:OFIR")1
M$H\<@(AD%N8'5[%_X>^EG\'^H?Z6R9-/Y?-G;Q\E(S;)@,!@,!@,!@3=Z;;E
M5JUF#6<V\$L!;7A3U]58_P"%$VPQ0310*(^I&EA*4K<P!R`.02$`+Y*&SG]S
M7,RWIMSAMH05!=,IP#@?@<H^@D.7T,0P?8)1]!S@[/M@,!@,!@,!@?_5[^,!
M@,!@,!@>=RM[*0F`.3F$$TB_[RAQ\2%_]YAP.9S]7!CO78&QX^U-JK(S77/7
MD3]%J-SJKIA::Q^8'R31U?):QN:^ZDAK$L:;0+'"E(?+_@QJ1B%`3FY]'VL2
M8_DY[?HTM9U9,!@7QK?9%UU'=8#8>O)][6;=67I'T5*L3@!B&`!37:ND%`.W
M?1SYN<R+ELL4Z#A`YDU"F*80%9+,7I9<,P]B.N]*[4TJS=HNKM995G9599*S
M_9?K1`)"!8XH"!I/<VF8PHG</J(^<'%66B4@.O"KG$Q0,@8IAY<ZW%Z7OF-0
MN5&3M+;6LNC-LZ[W!4%13L6N;="VN.3]TR"3X8IXFNZB7:A2G'Z?-,05:.2^
M)@.W6.40$!XQ9F8']_4=TQ6-2=FIR=UJ@1+2F_J[7^QND3(E(1NAK[;**TW^
M7TT$PX9#2;223A/ESB*R)8XH*??$<Q/U=YS(@;E5VTR/]3M%_P`,_6_^Y:E9
M=/ICS?<^JK?S;!@,!@,!@,!@>M@_>1;YE)QSE5G(1SML_8NT#"1=J\:+$<-G
M*)P]2*H+IE,4?L$,@WU:9V*VV?KVN6Y,4BNI)E[4NV2$/%G/L#?*S+8"?O))
MG<D]Y(#>HH*D-\!`<\^TQ<.^MS)65LRT8#`8#`8#`8#`8#`8#`8#`8'X4."9
M!,/V!Z!^T1]``/Y1'`YX_P!23>)]B;?)K:(=BI5]3_-1CL$S#[+^\/?:-8W)
M@`0\PARI)1Y`.'*2J#@2CXJ9ZOM:XUSYKAO<W#7>PD'\4^:2<6]=QLDP<).V
M,@P<K,WS)V@<%$'+1VW.FNV<(J%`Q#D,4Q3!R`\YU82-F[MJ7LPR;P'9Z.4K
M]\1;)L:_V8I,.B>VM!3)[+5#:]7:?+-=CP2!`(`N$O9ET$TO%(YQ44,//VW7
MG3KT;FV>-D(-\=7=EZ#482LTG%V[7%A5.%-VU1GGU[7]I3^^8J+>70('TJ9(
M5,X*Q[PJ#HATU/$IR%]P;-I?FTCAE0P&!]VKIRR<MWK-=5J[:+HNFKE`YDEV
M[ENH55!=%0@@=-5)4@&*8!`0$.0P,E?J15MK;YW3W;R`;-TXGL]0R.;X1BB1
M!K%[]UM\I4=KLQ:)"8&"<X9-A,H^YX&<_455"@8H"<W*<6Z^C5]6LW*CJ]B_
M\/?2S^#_`%#_`$MDR:?R^;.WCY*1FV3`8#`8#`8#`_:2JB"B:R*AT5D3D525
M2.9-1)1,P'3434((&(<A@`0$!`0$,#>=H':">SM?P-D663-*J$-"V9(@%("%
MGBTTBNE!3+]U(DLT.D\(4.0*5;CX@/'GVUQ;'?6YF6>LPT8#`8#`8#`__];O
MXP&`P&`P&!''M!M@=/::V#>FRQ4I6$@C,JYR!3B-ML:A82O*>R82@N2/>._F
MU2`//LMS#]F;TU]VTC.UQ+7,UK[;NR]63*T_0+I.UN1>'`\E\H[%9C,@!Q4%
M*=BG@.8N<0,<PB)':*Q!$1'CD<]5UFTQ8X2V=5?4XXZO;Y]P-MZY4TC?'9E1
M_M9T/'MTJV\>+<^#NZ:=>JEBW28*"95RO#.6+MPH;GQX#@<^W;7Z;F?%J;2]
MQ'?9'1S;56A'=YUHZ@NP.L&Q$UUKGJ1=::?PR"H*'(6X4)5-*[U-RDDD8Z_O
MLSMD"AR9?$VF<7BM8].D,1`2B)3`)3%$0,40$!`0'@0$!]0$!S2/Y@7QK?9%
MUU'=8#8>O)][6;=67I'T5*L3@!B&`!37:ND%`.W?1SYN<R+ELL4Z#A`YDU"F
M*80%9+,7I9<,C=E-#5'LK5+/VIZTUJ/KEP@&0SO9GKE7T!(-74#Q"3W1J6-(
M)UY+6$LY-[TO'I@=Q7'2@G-YLCE42Y<ZW%Z]5O/,:H,J)R6&(_ZFOTYIR,3*
M=]M;H-;W%W@TDRK+OI?K)N:59L;RQ103*HJX+KC9Y&LJJL<P),XV26\2`'F?
M,7C;X5TTOAIXRNCMID?ZG:+_`(9^M_\`<M2LNGTQYON?55OYM@P&`P&`P&`P
M&!L!Z*7Y1E-6K7CM?_EI%H6V0J1S#XDDHOVFDP@@4/BL_BE2*#]GBS_;\>7W
M)Q*Z?;O-C:24P&*4P?`P`(?S"'.<75_<!@,!@,!@,!@,!@,!@,!@,##V^-F-
M=0ZHO>PW!D?.J5M[(1Z2_`HNK`Y\(VL1ZH<E'P?V!ZW3-QZ@4PCZ\9K6>ZR)
MM<2UR8/WSR3?/)*0<K/'\@Z</GSQP<5%W3QVL=PY<KJ&^\HLNLH8QA'U$PB.
M>UYGEP&!E[6&ZKAJ\DI$LBQ5GHEE3!M<M9W)@G/T.W,A\0.C+03H113=@4H>
MV[;BDZ2$`\5/'DHYVUFWS6;6/Q;^J&N-]HN[5U+=#6[T"*\A/]8[E-)FD_PD
MCKN5=,W*2.BE=(\I2"8(M\9*41*0Y@.H44R9C-U^KKU_]=)C;KMKBFH29K<M
M(P-ABI&"G(AVLPE8>79.8Z4C7S8XIN&;Y@\31=-'*)P$#$.4IBC\0S?:*7@,
M"6NLX8=_=7.Q'6-4OS-JK#`_:+1Z?MF7<JW'6L6JTV54XU$@BNX>W762RQD$
M">)3.(PIC`<P$+F-^+-OP6=6--.0=7L7_A[Z6?P?ZA_I;)DT_E\V=O'R4C-L
MF`P&`P&`P&`P)L=*+TK$W6;HBZP_*VV-/)Q20F#@+'6TE7R9$@$.""^A_FB'
M$!#R%,@<#P''/[DXE;TO-C;6U7*Y;HKD$!*JF4X"`\_$`'.#M'HP&`P&`P&!
M_]?OXP(_5[LE0K;8IN(J["TSL!5MEW+4-MV,PC8_\@5.^Z]JTK:;I&6*3<R[
M>6C8RN_1U8QS*&8C%$FQ(Q^9]\WB!<*RIV0Z\(OHF,5WUI=*2GFL^]@XY3:-
M'(^F6=4%<+0[B6AIT'$BUK8M50?J(E.1F*9O>$GB/!,7T58N\=*'5BT"[@U:
M9></8$X5$NP*F*LPI4U9U&TIQ:82_G('K2U7DR2`)`<69HYT"W@+=7P&+Z+\
M@Y^"L\8WFZW-1-AAG9W2;67@Y%G+1CE1B[7CWJ;=^P6<-5CLW[55!4"G$4UD
MS$-P8H@`541``$1^``(C_,'K@:7_`-5#82A8;6.M6RQ@"9E9R_S27/B/L11/
MRU6/4!_$35.XDSB4?0#$(/J/[OH^S.ZY?<O4:9L[N1@7)5+C;*),M[#3+)-U
M:<:B'LRD#).XQX!`.10R)UFBJ1EFRAB!YI'\DU`#@Q1#TR62]PS9U6;YO9FF
M=Z?@]FM2-'=D<F$%=WZ;1BJ)LT%5$Q*I(6>"2:DI.P7)E`((F=H-5RD*($5#
MGC,>RSZ;^#?OS]48+N'1"U24>]M76R[0/8ZJLVRK]["5U$U?W#7VB9@*?ZYJ
MF4<'FWA"'."9%HI20(X,4QBE*4`Y>['&TQ_QKOJH+2$=(1#YW%RK%Y&2<>X5
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M?1-D4,Z>ZYMTA#L)42E*G8JRO[<E4+4V`GW/D[557S.01X^";D`]!`0S,YCL
MZ[Y'^IVB_P"&?K?_`'+4K-:?3'G^Y]56_FV#`8#`8#`8#`8&3--VTU&VE1;.
M*OLMX^PL4Y$_D)0^D2)_IDR41`0`0-%O%@X'T_;Z9G:9EBZW%E;\8\P^P*(C
MR9LJHW$?M$$S"4H_M^\4`'//7H>[(&`P&`P&`P&`P&`P&`P&`P-3?ZJ.P31>
MLZ10&RP$6O%O>3#TI!Y.I"4ADBF5!8.1\$EYJP(J%$0`3':B!1X*;.WV9S:Y
M_<O$C13GI<3`8#`^S=PNT70=-5UFSILLFX;.6ZAT5VZZ)RJ(KH+)F*HDLDH4
M#%,40,4P`(#S@21>[(UCV`B6E1[60;]]-M&:475^Q=0;H!M.KII%*DR1NC0W
MMM-H5IIXD`Z;O_U)%#W105,LH!@YW6SG3\FYMXV0RWOU1V+I%HUMZ:T;L?3T
MVL!:MN2BF5DJ=*%5.!4&,R'`O:?92"8$UXV1*DJ1P4Z:9E@()\LVEXZK6/R1
M?RHRAI3:$OI7;.OMJP8'4?T>SQDX9H13V@DXY%;VIF%64X'Q;3D,LNS6_:DN
M8,EF98LXK"'>S2D1H[LE=(>GD`VK;XA%;@TT^3)X,W^J]G-?S-5RL!\SBJW@
M_F5XDQ^?O+1YQSG+F<]E;^XO_#WTL_@_U#_2V3&G\OFSMX^2D9MDP&`P&`P&
M`P&!=E#LZ]+NE5MC8QP4KT]%RIBD$0%9NT=I*.VQO$0$4W;4#I'#GU*<0R69
MEA+BRM_E><I*$=MD5"*(MW`G:F(/D0S)R0CID<HAZ"4[1<@@/V@.>:^'HBX\
MBF`P&`P&!__0[H]@;QU#JF3C(C9>Q*M1'LO!SMGC_P`U2:4(T6K56>P4=:+"
MI)/_`&8UK!UA]:8M*2=JJD;L#233WSI_,H^8PPR?I9ID;"ZLD*ZNE<2?;*VI
MN8(2N65-I7R;-W71Y6D[`MZ:*L>[>N%9@LTM,ILEG*T6WL/MR238KA),Q2YJ
MU=?]`=1:W_,:D#<-L+O[-KW:^N7LO(V*MFEVL=N3\DGM\]'R$?3HY="V%=4%
MBX:O3"I[:YECG(K[GH,HK[&_3\TE6KO"0%DW(W8:WV%`[&@+#1M@KT@]ENJ>
MV)[8\)M.49R\=2X6Q,3#_P!1HQ$1*-9%@2NR=@(7E961(W<Q9;Z-B^HK!IFN
M-4=-4'851LD]57UI;S$3&/*2C8U[`A//I"_2\Y`T6*K\*A,!;I-R,VNWCVR:
M<PNHFX`KLYBC4Y[9GDUP;1[M81X\$3CS_P#9'$[2].;C]1&RGG>S,]%"H=1*
MDU6EU-`3#]TH_1$;,\33^\;@"2=E7`P>GXGEZ?:/K^U/V9]7#?ZD&\Z,&`P&
M![HR4DX1^UE8:1?Q,HQ5!=E)1CMPP?LU@`2@LU>-5$G#=4`,(>1#`/`Y!(AY
MOBO;39H0?:+64#NMHFD@T:7]`R=.W5!-D4@;H?);`A6Z:MB09DY4!K,(O$UE
M``#J`&8]F/HN/^-^^^6)K!T>@=A)JRW4W:;'9*ABKKCI[8IHN@[I8D3\E0:Q
M:3EV2H;`,BU+YJ*QSE`YC"!2-Q,/B#W77ZY^/AJ8O511J]CW+U<VM'3\>WL^
ML-FTYV"AXV?B'T/(%16+XN8R<@I9NW,^A99J(IKMUTS(N$3#\0X'+QM/6'2Y
M.R?6RB]AJ+9.U_5"MMJ],5YL:9[+]:(8HJ+Z]74'RD-JZJCR\N)+4DDX$RKU
MDD4RM>5,/I\G_P#E^?.MQ>E[YB,/<^++V$ZC]<>W3`J3B\ZF^6Z?=A!2!('K
MHU7CG$_H&_2"2?DZ<C.T(SF&=R#C_BO(A)(IA$`*7/5L=-+F-_4C_4[1?\,_
M6_\`N6I6:T^F./W/JJW\VP8#`8#`8#`8#`8'0%JV>/8Z=59Q8XG6GJ?59M<1
M\A'YI["M/G`$3?O&*\34`1^`F`1YSS;=WYO1.9*R3F5,!@,!@,!@,!@:R]7Z
M([$:WTS!Q[F.C[)VBKVTK?+VG?R\W7W:M]UQ=NQH62YJ01YM1TX>762T!('8
MUZ.L,<C!UR79-VB:OTYH@+B-9GX,624;^K6BVG56UA2=280DK^7FT8CUN"#-
M)H:;UVXKGU`\Q!MI<SYWM]E-MY4Q3$9BF[7,U*DT!@9NY/VJX_:?JI-YN?=5
M^4;O6Q[O=UJK'7!/KX2K(U5SOCM&E0VEB/68YI<!B([0K_5ZKP6JYY4SYDX`
M#JK&>D<.3]J]',#^HN=HWF(^]2QI&+T/89I"K2D!UTA(ZR;JD;Q/`PI=D48-
M+H\1>5RARZ18N0C96/@GKR)CU9'Q]Z2:K.3]JUIRL_J$5.5V1(ZQ0F9]>W[2
MI%AC9NUAUIBI=S48;3VJ(B<9VN(B$T(UPL_ML!+QP&:/$G3=(X+)*F0!`"CA
M)SIK#;)UYJ&'U+LG7TY5)*@08O/S$_F:U,0U@=VN\;%DCP4,K`S4LL*U4@VT
M:JY.H!$!+*(I(F,=%<B52X[:I/U.+2:9WQ7Z\13E"HZY@D%4?(!\)2??2MA=
MJ"`"(%,HP?-"\?$0(`_:&>K[4QK;\7GW[D:Y,ZL&`P&`P&!E36&Y+QJ9V_&N
M/&CZOSJ)F5LHUC9)3M&N46J04G$99ZT]\F$BW60,8GN`!'"93#[:A!'G,[:S
M;M9;%1M?67478M->=ZR+HZTVTJ51S)=<;A,HA`VAZ("HO_8E=I$Z"0JJ&#R)
M!RRB:P"8X(+`DD4IL9VU^KF>O_K<LO7;7%9JO9*7/2=7M\#+UBR0SD[.6@IZ
M.=14M'.B<"9%XP>I(N4#^(@(>10\BB`AR`@.;SGF#-V\H4-]=$ZW>42@[V)T
MQMR5*LJHG,9\^Z_;<DE7-.?+&/RHZ1I&S`7CTDR`)6K65)Y&`HIE#G9C;X5K
MN-J$7_A[Z6?P?ZA_I;)DT_E\V-O'R4C-LF`P&`P&`P&`P&!O*T)8#SE%U_(J
MG]Q62H$`FY5$!`5G\(5:OO53<@`"HH>+`QN/3DWH''&>;;N_-WUO7R2!S+1@
M,!@,!@?_T>PSM?U(M'8^\URPQ%Y@*;%1W6OM=UUE`DZ\^LC\S;M.UU/'25I8
MLD96%9K+4UAJW\!HJL4CY60Y.HD5OX."RX8I:?IZW>OM6T)6.S%W_*<`W1BX
M>M61*7EVMOKS1,K2M06UW+2S1B]C;ZSC4DF]</'_`$PZ!6Z8NOF!\N8N7M0Z
M"W1K6+6T:[_MR>PYO<%2V"PVF[=/IR3/"534D9KHD7::9/*25!L2DW9BR=CE
M$?IZ!7+R77,U782:;29:L'N7GO#I[:^R[OK-=]FW*LP&R-$O'%@-*TBJO8E)
MM;7NP]/7!6PUH9&S65XC&'K.L'T*[JTJ\G(!ZM/IR#D73F"C#&J9QG#(41U7
M+4-Q0%]U[;%J-18YY?I*7UU"C*_+S,M>;A%[%?2*LF^E'RZ,?)7.9M[B3AD`
M0B'J\VP>%12<Q!?G!GCE)ZTG\8=P41``5\4N1]?^(8"#Z?:'WLL[9O3EK[8R
MHS/9?>+P3^X*.RK3%>7B<O`0,DM!E)P<1-^&6.\>?@/'(>G&>O3Z-?DX;?54
M>\VR8#`8#`8'Z(<Z1R*)G,FHF8ITU"&$AR'((&*<ABB!BF*8.0$/4!P)&,.Q
MTS/0#6C[UJ5:[#4%JD1LTBMBE<_FZ`;%,(G&G;-C3H76MNA2$4R'!PX233^Z
M5+QY`<729S+BM3:^>7TI&FJ<UO<)M3I%O)?6&TH=X=PRT_O5ZQAUI'WR&^9K
MM;V*V3&H7&*FO(698R828JN$1X55,8P9FYQ9OKF?!N67J\K\;=)U-BRN^:%%
M:XD=-P?;+7KRG[^Z\S,>=LSTCO**>#:-)=B=2?+H.4+?HQ7:#=-@X"-,X&NF
MF%45#?)^)VO*]3G,C>O%9:NE>FJC'ZHJEECG$/8JQH#0=>GXAX4I7<7-0NI*
MC&RL<Z*0QRE<,7S91(X`(@!BCZCF]/ICG]SZJL;-L&`P&`P&`P&`P&!NPZM2
M'SVG]:K"81$:Y),1Y*4@\1%IGXXH<%'@0+['`#\1#U'U'//O]5=M>HDWF&S`
M8#`8#`8#`8#`Q9O*6L$!I?;,Y4Y1]"VN'UQ=).K2D6PC9639V1E79!S`J1T5
M,1<W&2CXTLFB5%LLS<D<*""8I'\O$1$/:S>^R%PM#&JUN[_3YVS_`*?L/;H!
MS<:A$JTJM=G95<K!E8+$:*K[";<+(N'*3B3@Q>&(1HD(HM41.)CQKC]61.L%
MTVT^MVPJ)LIO?9QM6F,&ZA+[;489E'R[5V!W+9.(:Q%*J1Y0LFUD?F1E5DVQ
M7`$^3*Q9N(]ZB2I<<)HX13I93VHYVISQXH'_`/*.$O3F.[V29I3M;MM05"J%
M92%=ATP3]T$TRPM.KL4=,A53&,406:&$_'!3*"8P!P.>O[?T:N&_U5$?.C)@
M,!@,!@,#]$.=(Y%$SF343,4Z:A#"0Y#D$#%.0Q1`Q3%,'("'J`X$E#;8HNZH
M./H/:^!D;FSCVI(VJ;JKPMD=S:_0#T127E')#([`K**@B91A*>ZL4%%#I*^[
MX`'.Z8YTX_XW-O&W2FZSZ[R6BMA<3$[&;:Z<]E:]/=?;EMVG(JC$Q,+LM-")
MAW-WAG2@R.LKA4[0M%R'B^\01%,Q6[@Y_+QSM?=,8QO&Y^B7U_UW/ZBHO6K5
MEJ333LFN^M]$I<W[/D+=21K<W;HERNU,8`$[1RHU%1(W^TF8H_;DTYEOQ8W[
MGR8LS;)@,!@,!@,!@,!@;<NI<B*FKM;(\C_RRM]C?4A"_=0LJ<J7Q.41,H7R
MFS<>7`@/(?#.&_>SKIU$V<YNA@,!@,!@?__2[^,!@,!@,"U[:)2QA1.7S(#I
ML)R<B7S*"R8F+Y!ZAY!Z<Y9Y2].53L?_`(A]\_\`]S[1_P#YQ.9[-/IU^3S[
M?5?FQ2PAY:4'B,BY&1'W"(\,&3EV/NJ<`FEPW24'W#B/H7XCE1?$?IG<$N)`
MBM4[)DQ44%%,(^BVAZ)U0`#"D3Y:+5\E``0'Q#UXR>[7^T7%]%\QW5#LK*>U
M\MHW9J7O`H)/J-3E8?CVQ,!O=^KH,?8$1(/B!_$3AQX\\AS/?I_:+[=O1=*7
M2/M`<.5M7JQO#<'1OKENH5?\$!,4H&4^MVF/]LXB;]PW!_0?3T'A_IIZGLV]
M%1)TFW$E[@3$QJ*N"D"(J!-[?H:/@9<`$"'^2F'W@8H&#X\`;D/$39/]-?2_
MD>V_!42=+9Y,1^H[UZY,"$<%0/X7V=EU3%'D3JH$@Z=))*D(4H\"90A1'@/+
MU`<?Z3^M/;_]14$>I%&0\/K79S7K;R54(<(2F;'L/BF0`^^420$>4QS&'@`,
M)""'J!Q^Q[[_`$I[9YV>]'K#H=L5-20[(6"0'VUCK-(/2D@F/F7S!%-%],79
MF43J`!1'R0`O(B'D'[V3W[?T_4QK_944]%=56@>+N\[YFE`;A]Z,JM"A4#NA
M,7D1/(6"4722`H#]WVSCZA]\>!`7NW](8T]:ECI[>>OM$($CZD_W[=()HW!O
M&UK8]NHK^#C/-,"*GABLZ<,M`)E$1X1:NRH'X#S*/(YC;6[=X:F\GJPKNG92
M>V]A2]X2ASP2<DA&-B1RCXLB=,L;'MV`*'<E:,BB9<$//Q`GW.>.3<<CK6>V
M89VN;EBK-(8#`8#`8#`8#`8&YCJ8H`::U<F`AY?3[H8P<>OB-_L0%Y']@B4<
M\^_U;.VG6J6>8;,!@,!@,!@,!@,!@,!@,"C6'_Z.^_\`N#_^4<1+TY>>YG^*
M/=?_`.\W/_Z-GGL^W]&KAO\`549,VR8#`8'V0;KNEB-VJ"SE=01!-!!,ZRR@
M@`F$")IE,<P@4!'T#X!@90@]$[LLHD^@:AV9+D4_=784:RN&H!R)?([LD:+9
M(GD''D8X%Y].<S[M9WM%Q?1E1ETG[,N4R+O-;&KK4P>1G5NM--JB:9/M.=*>
ML+!V(`/Q`J9C!^SXY/\`33U7V;>BX6W2RV)B`V+<'7^LE*(>^@OL8T]()``I
M@8I652A9_E8`4]"F.0!\1]0#@1G^D\:T]OK8KK7JKI]EXC8NS+1=0GB*S.FZ
MIM<SYC^$)DD9&=D*NU#D#&X.!#@'CZEY'@'OV\:?J8U_LS3J=GHG1TNK*U>[
M;_L1GS<K*Q00QVNH*CW".,1$CB(LU>ER7%.7BG"*SE,Q%$R+)`I^"J0WXHYV
M]VW<BRZSJU[]_;A1W9<V%I;U\U<;QM:8UU%BI(%D5%2,Y"6D1=&5(S9$2\CR
MPI@F!3`!4P'R^]P#77VS&3;;W7+!V:9,!@,!@,!@,!@,#:QU-6`FL=?)`8`,
MI8[\8"\^HE3<0@&,`?:!14#_`"YQW[V==>HGGG)T,!@,!@,#_]/OXP&`P&`P
M+.O1S)5UXN0!$6Y??#Q`##RE^('!3"`"/W?M],L[2]-4V\MP;%I^W-A0,'(P
M$8P2G3JHF9TFBB[7;/$TI1LHYEC0#B3?+*$>^1E%5SG.)A$WJ(AG;76765RV
MVLMY8I>=C=Y/N17V;:"<G!0?DW:<=]X"B7@`CT6H%)P;]T/N\^O'(!FO9KZ,
M^[;U6N[VYM9\;R>;,O[G@QSE!:X6$Y"&./)O:3&0\$@'CX%``X#C'MU](9OJ
MM5W8K`_#A].S+P/`R?#N4>N`]L_[Q/QES_<-SZA\!RXB9OJHV4,!@,!@,!@,
M!@,!@,!@,!@,!@,#=9UG8?3]::R9B4I1+2@E!`I/#_Z]8)R5*(^H@)E"K@81
M^(\\_;GGW[V^;MKU$G\PV8#`8#`8#`8#`8#`8#`8%'GBB>(?%#XB@?\`\HY9
MVEZ:-NU75MQ<]^WR\O=P:DIL/9ORW+-HVPR]@<6P@*U&!1<J+P$#69(J22CY
M!44C"N!E$O$_'WA`/1IOC63VW+EM,[6YC"+?JYI%B'N3G9-Y*&(`^;*G:AGU
MQ4'\4/%.2LT[7DBB`E+Z^P8IO+X@`<YKW[?T_5G&O]E>1U#U(C`$3G[`6U<@
M&`H+R-!J$<L;\4/(4VT79WY2?N"4?=*(>HF*/[N3W;_`_9\5>09=9HKR&)ZX
M)22Q/,$'=RVG=YCGGYHH**QT(I66!O(BQ.2&*?Q]O[IO(?/'[_[_`*&=?ZJ\
MCLFNQG/Y=T1U^@1*)O8<EUDPGI%$!%R)3%?VMU/+`KXN>#"7P*8"%#Q`H>.3
M%\[5?=Z2*O\`]16WT4CMHJU(UQH<!+\K5*[6*NB0G*A@(48*&8+"!15,("8Q
MC<CSSR`8]FOHGNV]5FRFT=E3?G]7V#=9(I^0,F\M$TNCXB(CX%04>BB1/DP\
M%*4"AS\,N)/!F^JQU%5%E#*K*'55./D=10YE%#F_:8YA$QA_GRH_&`P&`P&`
MP&`P&`P&`P&`P-LO5QB+?7VI4C$*119G>IHX`404$LC;#L$#J")A`WN(0A1+
MP`?=_P`W'?O9UUZU3FSDZ&`P&`P&!__4[^,!@,!@,"@6=M\W!R*''/FV5#C^
M<A@RQ+TTY=L8PR&R(J?$#C^;*/5Y-=4P<E&0BFJE6?)`8``!.D>`*(\^O!@'
MTY`,[Z=8]''?M&#-LF`P&`P&`P&`P&`P&`P&`P&`P&`P&!^B$.H<B:9#***&
M*1-,A1,<YS"!2D(4H"8QC&'@`#U$<#?CK2%^A-6\(`![=7K]9JJ8E-YE`T%`
M1[)P`'\C>7B[*H'/(\CZ_$<\VUR[QEC,M&`P&`P&`P&`P&`P&`P&!Y'R?NLW
M"?\`O)'#_-_\<#4-W+A3-[;2+$4H@C+T\8901+P)I"I2[^/7$3>GD;Y!TT]!
M]>.!Y$#!QW^W>+''?Q4.,Z,&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P-UNE8(\
M.%5A%$_:5JFNZ;$/D?7A.6>1WYBE0$!$>%!=S9@'X?`,\^UXM^+MKXGP2>S#
M9@,!@,!@?__5[^,!@,!@,#X.4P6;K)#\#IF+_E#T_P`^!K"[95<[JEL)=-+E
MS0;E(P[KP#[Q:_=4@E8]RL(C_P`)&=CUT2@'P,O_`"CQWTO/S<M^OQ:^,Z.9
M@,!@,!@,!@,!@,!@,!@,!@,!@,!@9BT%5D[=MRE1KH/_`$UC*!8I@PE$R18F
MLHJ3KPBW`#XINB,`0Y_WE0#XCF=KC6KK,V-V=$36-$&D7)1*YEG+B27`?]E1
MZJ=R<@?8`$%7@`#T``X#TSSWMWG2]LBF`P&`P&`P&`P&`P&`P&!_!#R`0'X"
M`A_E#C`U[]OJB>4U[)2"27D[HEI9S@&$.3!7[4BG"21$B@`B/M3+5DH<?@4I
MA$?LSKI>?FY;SCY-7N=G,P&`P&`P&`P&`P&`P&`P&`P&`P&`P,BZEJ/YZV33
M*L<A3M)*<:&E!/QX)PC$1D9Q8_/!0(C$-%CCR(!Z>H@&9VN):LF;(W2:H$TJ
M2<M2A3!^8IE_)H>8"!B,EUS?()#Y``\HLBID^`?N_#.&WB.VOFLQ9EHP&`P&
M`P/_UN_C`8#`8#`8$:-NT]M.K3%:>>"4;L6$<5D5U0+[#.P$,61J,DH`@/)F
ML\V3(''K^,/P'U#>M_.,6?E6E5\Q=QCUY&OT#M7T>Z<,7K94`!5N[:+'0<H*
M``B`'163$H^OQ#/0XO+@,!@,!@,!@,!@,!@,!@,!@,!@,!@3WZCTE1O`V"XK
MH&!Y<'R-$KYA*)3A"LU$)6XOB>1>%&KD2-60'*(<']POKZ@'/>\R-Z3BUM(8
M-BM&;=N0``$DB%X#]H%`,X.SV8#`8#`8#`8#`8#`8#`8#`8&&]G5^/E"*M)0
M/&&M,9(5";5\?(4&<^D#5%Z'J4"'CY$$%P-R'B"8CR'QS6O_`!FQHRL<!(U6
M?F:U+HBA)P4F]BGR?!O$'+%PHW4,F)BE$Z*@D\DS<<'((&#T'/1+F2N%F+A1
M<H8#`8#`8#`8#`8#`8#`8#`8#`8#`F#UDJZK:*M][.F(.Y7VM8U+DH\J2%@*
MFZM;]$Q?OI*Q%:3\"G`!+YO`#D!X',;=R?BWK.+?P;9JE%)PT#'L4R`0$FZ1
M>`#C]TA0#_1G"W-=9TN3(I@,!@,!@?_7[^,!@,!@,!@6%L2O?F"O.T4Q,FZ1
M(*S5=,1(JBNE^(@LD<OWB*)*E`2B'J`AFM;BI9F-3G9NGJ&DX[:3)H5%O:U5
M(BY(H)@1*+V'$I`23\TR@!4$;(R(200#U$PG5$1YSMK?XN.T\HJ9MDP&`P&`
MP&`P&`P&`P&`P&`P&`P+@JM9EKE9(6JP3<7,M/2+:-9)>H$!5P<"F67.`&]I
MJV3\E%3B'":1#&'T`<EN):29N(W5:GJ47&HQD?#!YUJEQB5;@5_#P^H'14.X
MFYTQ0Y+[TY-*JK")1\3$\1#C.%OYUVD].D@<PV8#`8#`8#`8#`8#`8#`8#`8
M%OV:(2FX9ZQ5(!P51.`!QS\0^S^;++BI>FJ?M90W"YF&SVZ1S.RJMJ=?R<>1
MR34:T31K]A4']X4;##(E3.;Q*F1RV$H"8Q_3MI?#EO/*%F=&#`8#`8#`8#`8
M#`8#`8#`8#`8#`J4-#R-@EHV#AVJKZ5EWS:.CVB(<J.'CQ8B""1?L#R4.'(C
MZ`'J/H&3KD[;==349BSD(&JQIBN8#5[)Q"?/D*8$9JW.W7SEPFT^?4R"DG_R
MZ/ER8J+<``?$0#.-O%OFNLGB>$PRE`I0*'H!0``_F`.,YNC^X#`8#`8#`__0
M[^,!@,!@,!@?DY2G*8A@Y*8!*(?M`0X'`B+MNCQ":DY%3Y3)T:]MTF$X[33%
M0]<F&YSK5^W-"^@)JQ3TP`XX$`4:G.4WD``4>FMSC'<<[/'BM3%TI\W0K/,5
M*PM_EY2&=&;J^/(H.43`"K1^S4,!?>8OVIR+(GX#R3.`\`/(9VES,QRLQ<5:
M^4,!@,!@,!@,!@,!@,!@,!@,!@;`>M>K75>AT+8\;F3N5_9G955(P&!Q7:0X
M4,A+V8Q1*!VK^P@F+9B</$P-_<4*(E.(9SVN?E'36?G6RZNP[>"BFD>W("9$
M$4R<``!QXE``#T_FSC;FNDF%<R*8#`8#`8#`8#`8#`8#`8#`8#`COM:J1OA)
MJRK-1Y4;1''@KDR0+Y*_3E3@HUF&A?;5`)6NO?%TW/X&,`D,!?4W.;UN<>K%
MGY-.^R*!+ZTMTE5I82K@W$CN)E$0_P"2G8-WY'BYM@<IE"*-7[<.?NF-[:@'
M3$?(AL[RYF7*S%PL3*A@,!@,!@,!@,!@,!@,!@,!@,":'7RB/:U&-]AK-SEM
M]N^<@=7M3I\K1K%0/E+'L`Y3%Y2*T;K&:1YA'DZRAS^)B`!PY[7-QXG;>LQ,
M^6SS751:U"N,8]!,"G(B0#C_`+1C>(>1C"/J)C&SEM<UUDQ%_P"94P&`P&`P
M&!__T>_C`8#`8#`8#`M^S0#2QQ3J.=I%5(LD<G!@`?WBB''^?++A+,M>FV]3
M*W%HE3'G@C?:TU63UK-NCE22M4&C[BW]GDD[4$I"2;7U-$*J#X#R9`QB<^1N
MLN.9UY<[,\>6NAXS=Q[MRP?MEV3YDNJU>,W22B#EJY04,DNW<(*E*HBLBH42
MF*8`$HAP.='-YLH8#`8#`8#`8#`8#`8#`8#`DCHK42%F5+?+FS7-1(A^5JQC
M2@*;F^60@"HUK,>(#[A8\IB^;]P4!*F@4Q`$#B)D\;;>)VUKKGF]-L.NZN[1
M]^R3I4C34J*:BA$D_;;,6Z:94VD:P0^#=A'MRE32('P*7D>3"(CQVLZG3K)Y
MK+.9:,!@,!@,!@,!@,!@,!@,!@,!@,#P2<>A)LUF;@A3IK$,00,'(?>#C$$%
M-Q:B;VB/)19,Z+&2:*NU]7V=UY`DT?NSBJM1YEQQ]V$FEP#Y54PC\FXX`H&*
M8$\ZS;S/Q<K,\5K`F8>4KTK(P<TR7CI:)>+L)%BY*!5FKMLH*:R1^!,4WB8O
MH8HB4P<"41`0'.O?+GTIN4,!@,!@,!@,!@,!@,!@,!@9UTYJUO:E7%QN)';/
M6]<<)DD%4`$CVUS0@"C"EUWD2F<2<F;CWSE$"M6WDH<Z?)39G:^)VLGF]-H^
MJJ<]DWIKO8V:#-VX;-&<1$-B>W'UV!8D]F)@HM`"E(@T8-@`/NE*!SB8XAR8
M<X[7$Q'63/-2/`````/0`]`#^0,PV8#`8#`8#`8'_]+OXP&`P&`P&`P&!C?8
ME!87.*42.4R3U'A9HZ0,9)RW<I"!T'""R8E42614*!BF*("40Y`<UKMAFS*`
M>V-6GV*Y^0E"M8;<K(I6L7,N`380VU6"!/!LRDW(E3:1]U;H)@1%8_@F\``3
M$>1)[767',^G_C%F?_T@-)QDC"R#R)EV+N,DX]=1J^CWR"K5XT<)#XJ(N&ZQ
M2*I*$'X@(!FW-X<H8#`8#`8#`8#`8#`8#`D)J729[4@E<KL=[!T!%R"+0&Z0
M#.WB13,!A@:JV4$IC`H4HE6?&`6[<.?41*?PQ=O$[:FN>;TV>ZXH"CD8V8EX
MUI$,(MH1C5ZLP`P159BBF\R-&A3`4R[Q<0`[IT</><K<F,/'B4O+;;N1TD]4
MB"E*0H$*``4H<``?``S#;]8#`8#`8#`8#`8#`8#`8#`8#`8#`8%I7"IQUMBG
M$>^0(K[J8E*)@`1`>!X$!^P0^S++A+,H#;<U$G<E4X2RND8B],4@9TZ]O2B5
MC:VJ8"FPJ=T=``>U(ICXILI,WD82?AK>1@()^LVQS.G.S/?;7I8JY.5*9?UZ
MR1CJ'F8Q<S=ZP>$`BJ2A1]#%,43)+H*!]Y-5,QDU""!B&,40$>DLO,<[,<51
M<H8#`8#`8#`8#`8#`8#`S=J[4"MN;GMUN=.JSK6.<?+NYPB`*24_(AY>U6Z@
MR4#RE9ET=,2F.!3(-2%,=40\?$<V^)VLF>;TV,:SURO95(61D(=*N4^MI"WI
M=,0,<[.%9G.)U'CQ0X>4E/R1Q]UV[4Y454,/`@7@,Y6R9GETDSCT?7;':N!T
M7MJL:AM5/=QC"]TY:1UKLB0EDV&O['L5D,^^/I>8E$(R0<5&_P`_6*P^D:\5
MTD=I/"S7:(*E=D*B?GEUDXR^]F[Y=1*>D_<3^\:LV:QDY8*W(/&C2PR[)I,U
M9HE(3;5=[#0L@U(1M'J'<)K>?L.6[9RH@=0C1R9(8OH^VX.X&N=/V71]:FDU
MDQ[`$?DUY8+"=Y2ZG*S35_36T;1_S//Q2</&[%MC"VG>0D-)+1Z\JG%NTD#&
M<E205$F5%@^^_69W$QC^T[$CZ(\?TU]L%PRL;"PMV,74&45O2R#+R-D4@D*\
MT]RJ=:;S)"W5<)NB-JR_$R8"@(",5\`[[]=V=SV-`V2YQ=3JFO:C2[&O?[$L
M^B(R1EI^Z=JJ/;Z::%E(MA/1EAU9(]0+:O.E61%-FS9K+*F3(T="F,5,AC(Q
M\HB9Q&OV<BW(LJV.NQ=(.T2.$#>"Z!E6YU"%61.'!RB/D4?00PCV8#`8'__3
M[^,!@,!@,!@,!@,#'%_US"WB-6:O6Q!6,4134`/%0AP`1*<APX,4P&]0X]><
MUKM8EDJ$6TM=M90I(;;"#TRS-(&E=W!&,SO9^,;)_=;L+NR2*"MKADBE`"K^
MK]#U$#'\SFSI+_7\G.S/?YH17_5%MUX9NYE&[:3KDD(FA+C`+A*5::2$3@0S
M.51+[:;@03$1;K`DX+P/)./4=S:7YL66?)C7-(8#`8#`8#`8#`8'NC(N2FG[
M6*B&#R4DWRH(,X^/;+.WCI80$030;($455/X@(\%`>``1^&!,.@]?8VMNVKG
M8;8MJN7D11CJV(=%59QBI@*=%QL2<9F529I$Y`XQK8QUU0$GF8"&4*'.[6]=
M-S7'??HG]2=:/'#IO9+BH@[DTFZ3:/8MFY6</!,$@#V(J"C$_P`".8-BE`I2
M%Y,;CR.8QA$P\[MXC<F>:LC8O;&D:@WBTTY>(U6$@U=0-=J'OB1Y6621/)[;
MJ&F(.J$JL%7927=2<W<+Q'IH*IG%,`4$#@7@!'#ICCA68CN1UHL!84T#M6)F
MOKY]<HQQ8J)L\@H#G;:D`CK=E))-(-52$D+<I:&`-6[T&Z_+@/,A?$_B,59>
MM^]V@=B(6B62M32&JC#8.N*52+:\+*'A]C1NV=0]8]MT2WQH&B&SNNP\NW[7
M5>+,$HFV%!\L/N&*0P&`8KXT[OOU\MQY=TI/2-6@F%1J=MCGMKA9F*FIYM:)
MSL9&@E&5'Z<O8'*3"&ZQV6845225`D6S<JK%0^2=@D,5FO7O8G3&U;?9Z'K^
M],;+::>DX<3L<UCYMLB1JUE#PSEY%RLA&-(>PL4)$I2'7CG#I$H+(G$W@NB8
MXQ6:<(8#`8#`8#`8#`8#`8#`8#`8#`M*V4^)ML<NPD6R:Q5DS$Y,4!_>`0^(
M_`?7++A+,H6[2U@U6CTZ_L2.D)JO,$Q;UJ]1*(.+I2DOO>TU7$X@-GJZ!AY,
MS6-[R1!-[)O($REZR^=>W.SUZ0.V%INT4-%.:3,WM%)>G$(J[U\%'4*X*)@*
M5O(EX%S`RJ8CX*M792'(J!BE$_B)LW-I?FQ=;/DQ)FD,!@,!@,!@,!@,#TLV
M;N0=-V+!JY?/7:I$&K-F@JY=.5U!`J:+=NB4ZJRJAAX*4H"(C\,"5=.T5&U=
MRR>[4;N)>QKE3<16H(-S_P"K+>X0%6SB^3#83I56+4*8AA;D$[]4A_0I/$Y<
MQ=L]=>K4UQWWZ)TT75,K8'L?9+R1FF6-;@VKU9BVH,*W5X_[OC'0D63E)LF!
M4R@<X^2JHE`3F-P''.[2<1TDM[2F:M4&:)$&Z94TR`!2E*`!Z!Z?9G-M%U6>
MZR]A+-;*"]06V!+1=R:U>S1DM7-CDKL+?]`S,%?XYBA)R46SJ,+;*;,6=C*-
ME6:Z+MUY@HF=<B!_;+S%6E.H'7&=U_\`V53^L8^PZY)8[O:V--L,W:IZ"A9K
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M%".5_:$3.4U"',*A#@6LLAX#`8'_U._C`8#`8#`8#`8#`8%&F(*-G&RC5^V2
M6(H42CYD*;D!#CUY`><LMB691@LFF[!5_J;F@NVPQ<H!S3%/FF:4Q4)THB!C
M)R<$Z*+8YC^!?Q4_:7````4`,W-I>^V+K9TAU<-/4&6<.`70D=+6<YSF%N]2
M?6/6$@N/EQ\G(H(*6"J%76Y,8JY'39`G!2#P&;EOSC%DOPK!MJT;LJIMOJBT
M`:?KI@.=O:J>X1M5;<(D`.7'U*&,Y!HD(CP'S)4##^S-3:7C/*76QB/-(8#`
M8#`8%R5JG6NY//D*I7)JQ.P$OFC$1SI][(&'@#N3H)G3:I!]IU!*0/M');)W
M22WJ,^0G75"-7(.SK<TAW13`!J32@;7.\+'#@1:NA8+FKM=.HF/D51TZ,'V"
M3G,^ZWJ->WUJ86O=7R;=J:.H5<)K&"=I@A(3!7!I+8<^W^!@DK0JDF>*15X`
M_P`O'D;D3.(\',&8MGFY;D])A*.EZUKU-:$29-$A6#[RBPE`RBB@CR8ZB@AY
M'.8P\B(^HCF+M:U-9&1@``#@`X`/@`>@9EI'[9'5S1VV[LWV)L"H2$W;VE9@
MZ>A)(7C8$$V+7*WLFK;>A8X\+7K3$P2WR>Q:5&27O';&74,U!%0YFYU$3ES4
M9-QZ$Z&=:J33[_L;6ETCH/7S&MTJGV6CQ/9W;EZIM?H,K!;FAFC9SJ4+ULN"
MIU7E=+M)IT\5]J+;F8*"[6`'BY'(F:LMWHW],ZC(R%*7AI"&/J/_`*;+X\IC
M:Y]CU96O2.RF&M]$=96S>KLK&O+2MLL++JM6Z_#U]!NYE"#"I%49D-)*F>SA
M?W,TZ_ZH=,;_``#FW4BARDA#3;1*L(2SJU[KAW31A57>]X_Z=5PL5DCI:L-&
M9^QU^CUC196A%VMA>LE#'0(1%*IFL@0_3/0%6M:MVI58GZ197D_&3TE(5/9.
MT(1%Z6,NT'L(L$,.PNB%?2JTA9:VS*[BODS1KB,*JP,W!JL9/!FI3X0P&`P&
M`P&`P&`P&`P&`P&`P&`P/"_CF<D@=N\1(LF<!*(&*4WH(<?:`^F!'6RZ>DH=
MR^F-?R1HA=\F<DG%'11>P,VB8HE,VF81VFM'OTC)F,0!.03D`P^!BB/.=)M+
MW&/;9TAM>]-T24<K#+PS_3EB4$XFD81B\L6LW[@3%$#J1)!//U8JYS>(%0,Y
M:(%^\(``<9N6^.8Q9//%1\LF@]E0#,TPRB$;G6N3^W9Z&[3M4.8B0`94Z_TT
M#R$:"(&X.#MN@)1Y#[!S4VEXZK-UOX,,F*)1$I@$IBB)3%,`@)1`>!`0'U`0
M'-(_F`P&`P&!7:_5[);'I8VL0,O8'XB3EK#QSN16(!Q$"G5*U25]E+D!Y.?Q
M*``(B(``Y+9.Z8STSM%=?!B5DS;3ML;45?0WY/@/:N-_<\@)BH&B8A96-@A<
M<>`*OG*8)GY`Q.0XS/NS],:]OK4JM>Z[E$$ODM65537$:X)[#VZ2ZJ<MLV8:
MG+XG#ZK[(,:NBX(;[Z,<0H@8H"58/7G-L_ERU)_6)4T#3E=IJ(+>Q\U(JF,L
MY>.1]]TX<*#Y*K+N%?)5150XB)C&$1$1Y',7:UN:X9C*4I"@4A0*4/@`!P`9
MAI^L#7ZSZ'Q<<GV'?L;S&%MO8'?U<W-)V)Y01D&\77H&\:SNBNLWL&YN)FDT
MR?&UZJU++HJ1TBS+*JK("19!N8D:SUPC97?TB8^OPD?'?VYDDYAA!U2'"U/]
M4H*3[IQ3].]+-2Q,V\?_`-H'S2TL0_3-G.>[[@&)*V)XH02^V03L'N7/+_II
MH,&3F+9V,MM);K=HX?JS"'B:4_TZUU!V@[3]I$;U6"2+VV-+`X?J]DGU.<Q'
MLH%<PYS'%7P570P2I\6/5=HOVL[CK.[6R'+$V>W+-R_EFLFC$/[%37)@_7U=
M*-5)4Z3QQ8-=MG-=?2"(-R`B],J5N8R?XM3/E91^K4#,W7;FP[J[K%EM6S6-
M/BVQTJ,1A"126J+G<+EI6Q3T$^L<XUMFQ-:.+2DW0FRC'*+I1Z/BBA\"C*]]
M%:2+I&)LT.G=K-<V\Y:9V;8*61T[<JPD.^G9F0@*\@9U(/P6_+<#(MHKYHH(
MG?HQR3AR0[Q1RX6%K.F$,!@?_]7OXP&`P&`P&`P&`P&`P`@`AP(<@/Q`?4,"
MUIRG0%@2.E(1[=8#@(")DB&YY_G`?MRRV)9*P)(]>"1;M>4HD],U%^L)3**P
M$DZC0<"01,0KM)J=-)TD'(_<5*<H\CR&;]^>XS[<=,6V?6-]<F4_-5/USLLI
MA_$D)RK(P]E43`?@6PU0\$\]PP?$R@*B(^H\CZY<Z^+8S9?,E85E=.414Q@D
M]-7ZKB4Q^5*5?D9I$W/B)1*UMU?<*E(4>0`@N#&X^)Q$>0U+?[1,3^M6>YTM
MJLQ5O;5WC$G*5'VPD*A4I0@'$`]\H'C[(T%<H"4>!$$>/(/0>!#+G;X&-?B\
MK72VL#"H969W$[*5,XD1:Z]@&BQU0X,4I57%O<(CY``@`#XAR(")@`!QG;TB
M8U^*Y(_2VL?(AFU,W?8%``GX4K)4^L,U3>)?<]PL<PL#LA14YX\5N0+]HCC.
MWK%Q/2LJU[4((G3/6=%4>(.(%#YV[R,_L-R!N?\`C`TD%HN$*H''(!\F)`'X
M@.9MGG:K)_\`+.3#3U[G&R+.T7.11ATP\2UZNIM:M`E1$>10-%U]M&M7*7/V
M+`H/VB(YGW2=1KVV]UERJ:BI]423(QC&P'3`OW@1)SR'\OB`YF[6K-9&3TD4
MD2@1(A4RAZ`!0``_S9EI],!@,#'VTM?M=I4B5H4C)NXR&L#N`2L/R:::AIFL
M,;'$REHJ+HJH@!8N[U]BYAGIBB"A&;]4Q/O@7"SA'V-Z8:[C=I[SVDI+3-G<
M;NJ>OH5Q5-B%;;%J%0LNN-G;HV[7;A7H*VA(L2+1-WW&J[C61DRMHE5@4S7V
MQ64X&;PRII#2$;I&-L\9&V>R6=*PV>:G$5[*_<R#N-BGDU+OZ_7B.7;ETJX;
MU"!D6\&S6Y3,>)BF152G<$6<+BW+-^$,!@,!@,!@,!@,!@,!@,!@,!@,!@,!
M@4.6KD1-)&2?LD%BF`0'R3(;GG^00$,LMB88*F.OT:D]/+U&2DZK+#P/SL"^
M<Q;@WB(F*10S,Z0K)"(CR0WD40$0$!`1YU[_`%G#/MYS&+;3J_83L3_F2$H6
MSDP#P*ZN%49EG2(@42^"-BK_`-$EP,8H!R=1141$H"/(@&:SKXS$LOGE@Z8T
MQ255#!*:4M]=_=\W%%V"=\F8WF(G.BPMT%)>S]WX%%P</L#CXYKW7QLSB?U6
M0YTIJP?<*7^W.'.5+D!>U>GRZ)50-ZE!1C/L%5B^(_:FE\!]?LRYV^!C7XJ:
MVTOK$5?Q9W<#@@`;E%#7<$V5.;Q'Q`BRUQ73*/E^TO`_M#XXSMZ1,:^M5YEI
MK5_)3-ZGO6=5`I?%%^YI=8:*J^*GD586;>R.B)"/CP)3^0>H^OP%G;UAC7XL
MG0.IT4E"GK&@:@Q5$2E*]OTW8[Z?@/0%#1BJL'"@H(")O'Y<Q0,/!O,``,F?
M79K'IK&;H[4.RYMJ2/GKD[AX+@2_ERG-6-/A"I'\0.@=G76L=\VD(!P/OF5$
M0X`1X``#'NUG47V[7NLL4_1E+J9""WC6YUB\&%0R9#G,?GD3&.)>1$1]1R7>
MUJ:R,QMFC=HF5-NB1(A0X`"E`/0/Y@S#3T8#`8#`8#`8#`8#`8#`_];OXP&`
MP&`P&`P&`P&`P&`P&!_!*4WH8H&#^4`'_3@>12/9*\^XV1-S^TA?]6!XCU^&
M4_?CVP_MY3+Z_P";+F^IB/F2M0:8\DC6P?\`X1/]6,U,1[$XF-2_X;-`O'[$
MR_'_`"9,U</:5)(G[B9"_P#A*`?Z`P/I@,!@,!@,!@,!@,!@,!@,!@,!@,!@
M,!@,!@,!@,!@,!@,!@,#^"`#Z"`"'\H<_P"G`\RC)HK_`,1ND;G]I"_ZL#Q*
M0,0ISYL&X\_'\,O^K+FCX%K,$4>2QK8!_:"1/]6,TQ'K3AXQ+]QDW+_,F7_5
MC-,/<1!%/]Q),G_A(`?_``R#ZX#`8#`8#`8#`8#`8#`8#`8'_]?OXP&`P&`P
M&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P
M&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P/_T._C`8#`8#`8#`8#
M`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#
M`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`__1[^,!@,!@,!@,!@,!@,!@
M,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@
M,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,#_]+OXP&`P&`P&`P&`P&`P&`P&`P&
M`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&
M`P&`P&`P&`P&`P&`P&`P&`P&`P/_T^_C`8#`8#`8#`8#`8#`8#`8#`8#`8#`
M8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`
28#`8#`8#`8#`8#`8#`8#`__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g614029g79h14.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g614029g79h14.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0X&4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````=0```.(````&`&<`-P`Y
M`&@`,0`T`````0`````````````````````````!``````````````#B````
M=0`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"VH````!````<````#H`
M``%0``!,(```"TX`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"``Z`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#>ZK]7.LXM+\JK*EHU-38+1V@;F-=_U:Y<]4SO^Y#_`,/_`"*]3ZO_
M`,F9/]0KQJR[GXE7<,S.))Z%@F!$O5]"Z5UOK51O;F.IIX#O;/ASL?\`]0ND
MSOJ[GY/3<3$JR1CVXX?NN8=?<YKQLWUO^EM_2>Q!_P`7CMW0&GQ<5U"BRY9"
M="O2=%\(@QON^0]>'UAZ)F#&OS7O#@2QX#1Q&YKO:?WFJMT[-Z]U'-JPZ<UX
M?:8DAI@#^3M]RW/\9O\`RGC_``=_U+%B_5#_`,4>'\3_`-]5J,KQB5"ZMKR%
M3X;-6]!U;ZM?6GI^(<FKJ+[]@ES"&?YNX,]O_4?\(L+`^N?7L1S7"\WLYV.]
MNG]G]'_GU/7KF:6-P[S9JP5NW#R@KP@D%SBWZ)<XM^!)VJ/!/W(GB`T/9?E'
M`1PDZOK.%U+_`)U=#>W'<*<@ENXG3;!^E'Z3;8S;_K6]<E]9.F_6+H+67'J%
MEU#B&[H;()TF=C=WN^E[%H_XK@^<MWYDF/"8IE7_`/&9_P`CU_UQ_P!54FQ/
M!F]L5PG7\$GU8^(_,'@1UKK3G!K<NPN<0UH]NI)VM_,76_\`-7ZT'IXRF=3>
MZTMW;-K8B)T&WU-O_@G_``*XC&!.33'^E9_U35[E@?T''_XIG_4A/SY#`1(`
MU*W%'BN[?(\?K7UCQ+W,=DO:^L[7L='/]>K8[_IKMOJS];[,NUN'U`18Z`U_
MG]$?UF_]-G_"?X/F?K)74SK>3L``W$0/)SV_]2JF`]S<_&<S0BQNOQT2E&,Q
MJ!JNC<>I?__0])ZM_P`FY']0KP\N).OB?RKW'JW_`";D?U"O#1_$_E5WE/EE
MYM;F-QY/JG^+K_Q/,_K%=2N6_P`77_B>9_6*ZE5L_P#.2\V;'\D?)\T_QF_\
MIX_P=_U+%S?0\^OIO5*<VQCK&TR=C!))_-TEOM_>72?XS?\`E/'^#O\`J6+%
M^J(!^L6(TB0[<UP\08#FJ[C_`)J/]UK3_G#YNMUS_&%D]0QG8F+2:/4'N+P`
M0/'9N?O_`)'_`']<[TSI-W4;/3ILJJ#8!+W#?_8HGU+/_/?_``B]9ZM]5^E=
M2QG5.I:UT>TC@'_OG]=B\?RL5^-E68S_`'/I=M#N"?SF/_D[FE##.$HD0'#7
M1.6,@09'B?8/JQT3'Z1TUM5+A87ZNL:=P/)^F/I>YSG+(_QD,W]*J;XO_P"_
M5K&^HWU@S:,MN!EV&VFWZ+G&2.&^X_G.;_I/]']/_!+>_P`8&O3Z/ZQ_+6H>
M&4<X)-W9OZ,U@XZ`KI3Y_BT-9963H`]I)^!"]$_YX]*Q<%E;'^I=76U@`@@E
MHV_F.<]W^:N!KAUK&Q(+V@^$2%Z!B_4[HEV-5>:RUUK&O(;M@%PW:2PI^;@H
M<?=;"_T7@\S)=E9-F3;H;#,'P_E*_P#5CIUW4>J4N8T^A4[<7QH8YC^2S_SY
MLK79-^I/0@X.-;G1V.V/^H6QBX6+AU^GC5BMO>.3'[SBF2YB->G4KAC/5__1
M]*ZM_P`FY']0KPT?Q/Y5Z#USZX]4NIMP\3I]A<?;ZS1-9[[FOG=8W^PN&'3.
MI`1]EN_S5?Y>$H1(EU+5S2$B*Z/IG^+K_P`3S/ZQ74KS#ZL_6+J_0\<XMG3[
MKJ`26EK9,3NV[2YGC]/_`*"Z[/\`K/?B=-Q<UN-Z[LD/FJKW.&US6#:WV;OI
M?I/<H,V&9R$@?,=&7'./`/`:O*_XS?\`E/'^#O\`J6+%^J'_`(H\/XG_`+ZB
M?6',ZSUS-&39A6UL8"*V;==8DG_-;[55Z=C=5PLNK+JQ[`^HR`01(.CFRK48
MUC$3O5,!-SL=WVM>.]7:R_J^5<T:.>!]S6KILKZX=:R,8TLPW5N<-KGQ!X[P
MYW_1]-8N'T+JF6^*J7$D^YYUU/=VR?\`I*'#C.,2,NK-.0E7@M]7\9UO5L9K
M!J'2?G[/^_+K?\8$?L^F>-Q_+6FP>C_\VL!_4;&B_*$0R?WO8?H_X3:[;6QJ
MYKZR]?ZOUEK*68-M=33/T/GXN_ZI$7/)&4?EC8OQ02(Q(.YZ..,AK;JFCO8P
M?>YJ]@Z?_0,;_BF?]2%XI^S^J;@\8UP>TAS7;>"#+5WG1?KEU+;1AY73WUNT
M9ZKQ%8'_`!D[O^+;Z:.?$91'#K2,>06;T[/;I))*BV'_TN^I^L'1;MX9)=6*
MR]GI.+@VVK[739Z;6E[F/J_<_P`-^A_G%`?6+I7IFU]-C*AB_;3::P6>F3L:
MUKZR_P!2^QW\W37_`#BYRKZ?3OYK^?/\U_2O^2\?^@?]_P#^%^QJ3OYEO\Q_
M/'^E?S?_`"ED?T_^7^]_YM?14GH_K+/5X/6?M+IN_8!N_2^@'-;+2[T/VC[7
M-^DS[+^?^_[%4Q?K+TC+^SAC+!7D-8YEAK!8WUGOHQFVV5FQE+LFZE[*]WY_
MLLV665K`Z9_1,3G^>J_FOYG_`)/M_F/^"_\`C9]F1:?Z5T_Z7\STW^=_FOY_
M+_I?_P`9_P#N]]G2]'BGU>#T%/6NE79EN$P'UZ;O0>TLTW>G=D;MW[FS%O\`
M\S_BT+_G#T@TFUE=ED-K>&-J.YWJFJNEC&F/>]^34U83_P#E3+^G_2W?T;^D
M\9/]#_E_]R/^!]9#';Z/T,7^B?0_G>G_`,U_PG_E?_+2]'];I_:CU>#T;?K!
MT0NK:YWIFUWILWUEOZ3]+^KOW-_1W[L:ZOT[/\-^A_G+*U9Q>K8V5DG'I9;`
MW-%Q81475P+JV6?O5.=L?_@_4]2K^<KL7+'^B9G]&_H^3_/_`$><S_E3_A?_
M`"Q_[M^JK6%_XH</^;_G\W^<^C]$?\E_]V?_`"V_[M_;T#P:[_5(XO!TJ_K;
MT2[8'.>UC]^YUC"&L%8;9NM=^9O8]KV?^"^FI.^L/36`"S&R*["YH]!U#O5V
M.9;>W(]$?I/1]/&O_P"&]2OT?2];]&N:M_H_1/Z!_1<S^=^A]%W_`(#_`.7O
M_!>HI9O)_I7\W7_2/Z=_1>H_^R?_`+L?;D?U?3B1Z_!ZBSK72JV-?M+Q9Z@I
M#*]WJ.KLKQME6WZ?JVWU^E_P?Z;^:8A/^L'3ZWFNW%OJL#J6!KZ@)?>7>BQI
MG;N_16?^>_YVVEEG/7_SK>/I_P"!_F_Z3@_\A_\`"?Z;_NPC]8_H74OZ1_1*
M_I_2_F>H?\L?]T_]+_UI(<'BKU>#V:222C7O_]DX0DE-!"$``````%4````!
M`0````\`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'`````3`$$`9`!O
M`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P`"``-@`N`#`````!`#A"24T$!@``
M````!P`(``$``0$`_^X`#D%D;V)E`&1``````?_;`(0``0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#
M`P,#`P,#`P$!`0$!`0$!`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@`=0#B`P$1``(1`0,1
M`?_=``0`'?_$`-X```$$`P`#`0````````````H`!P@)!08+`@,$`0$``04!
M`0$```````````````0%!@<(`P(!$```!@$#`@("#`@("P4)```!`@,$!08'
M`!$($@DA$S$402(5U18VEK87-U=W46$R(S.T=1EQ@6*2L]15&/"1H;'!T4)R
M)#0U4E-C5#BRP],E)D969B<1``$"!`,""`<,"0,"!@,```$"`P`1!`4A$@8Q
M$T%187$R%!4'@9&AL=$B=%*2LM(CDS14-546-L%"<L(S4W.SP_#A8J(E@D-C
M@R1D1(0F_]H`#`,!``(1`Q$`/P"6F6;KEZJRD>ECV@-;=$+1@N'[Q1)XX7;/
MRN5R&:D19R#942^K%3.'YLPB)A`!'T!MY(21B<8H=(2>DJ41DD.7N3HATHPE
MZ+7XM\CL"S.196!D[2$?0"C9R_26(([>R`:"$C884IIDJ$\^$8XW-.]%_P#M
M:H_S9GWSUYE'OJB#^L91\BG-R]DW_P#I2H>'\F9_S^ZFON6`TK?NC&,7YUWU
M+?:I4X?X2S7OKKV&Y\,<U,-I_6,;G7^2_)BW-4W]6P>REX]<@';R1(FR(1KD
MHF`H"VD7<JV9.``1\>@YM@\1\`'7O=-CI+E"=02)R)@F?MF+/7&,LU+R3<K2
M178U19^U(.Y&SU2OV0[IN4>M3<J*YC%`>HW@'I'TZHKO8^T]-2V>O\-N)WH[
MZ)=?_#YE0/5R.RKR3QW.PZ.&,-LLDUMQ`G>R\DHVDWSQE+IO7:9X])G%3#)R
M<OJ*:2A0!$XG,<0*(B&P7Y2,4CJ5=8J"A<\.;PB*OKJFN86D4M*'$2Q..WBP
M,0#F^Y=GRLR*\/8\1TROR[40!S%S<7<XJ1;B.^P+L7\R@Y1$=O\`:*&G--HI
M5@*0^HIXP0?T0S+OU8VHI<IDI5Q$*!\\8G]Z;E_[/<;?S+1[_P"O78K'\U?D
M]$>/Q#4_R&_+Z87[TW+_`-GN-OYEH]_]'8K'\U?D]$'XAJ?Y#?E],?H=TS,(
MB`!CS&XB(@``"=H$1$?````G]Q$1T=BT_P#-7Y/1!^(:G^0CR^F'+_OQ\PQC
M"S0<8SC#'3\XDM\`,H^YAD1*)P5*_P#6O53)]`;]0'VV\=<>S:">7KGK<69,
M*.U[GES]G^KQY5R\<-T3NEY<1<`1YC;'HD24$CA`@V9JX`2")3I@=68<`BH4
MP;#U)FVV]&NO8K$L'E^3T1P_$-2#BPCR^F'[Q_WI<C5ERB+RM72`*4P*'?T7
M*LTR.4_B!@"'=,6Z2Y3E.;<#O``0$0$!`P[--7HVTUB2'Z.G<'_-I"O+(PX4
M^L*QD@@N(Y4N*'D_WBW7C%WUVUHD(^&DKVQFG+I5-NG4<N1;.KSRYE-A*C$7
M"(.,6\?+K#T)E7<OEC#X%1\2ZKV^=T-DJ4+734ZJ9WW31*D^%M4\/V<G/$QM
M?>#49DH<?#@]RX`D^!0X>?-S00S@7DYCC/T><M><JPUL9-@<3%,ESI%EFB8"
M1-5Y'K)B"$S$E6.!071V.3J+YR:)CE*-":ET?=M,.@U2`Y1*,DNIZ)Y%#:A4
MN`X''*5`$Q9]JO='=D$,G+4`8H.T<HXQRCP@3B%'=87D&M*QHYB&I'TJW4R`
MO&,E!Z4WD@E$P2C)JH;S$MB.')2D$>LO@/I#TZGO<X`:N^!1]7(U\)<1S7)4
M*>A*1-4URYY)@2FY\R.9^/6*TI<>-45"Q+8@J.I=2!N+N'9IE,)!.\EF$Z[C
MF@"8OAYBI=P\0W`0'6CVZ"WNG*W5DJXIB?BE%-NW2Z,`J=H`$\<E2\8,H9S]
MZ;E_[/<;?S+1[_Z4=BL?S5^3T0E_$-3_`"&_+Z87[TW+_P!GN-OYEH]_]'8K
M'\U?D]$'XAJ?Y#?E],+]Z;E_[/<;?S+1[_Z.Q6/YJ_)Z(/Q#4_R&_+Z8V&N=
MQ_D5<7HQM1PM5[5(E*!S1]<@KS./2D,;H*<6L9+.EP*8_@`].PCX:\+M-(V)
MN5"DCE('Z(Z(OM:Z<K5(E2N0*/F,?39^XGR6I*J2%SP7`5%=<3`@C9ZW?H%5
M82@!C`DG*RC0Z@E*8!'8!V`="+51N8MU)4.0I/F$?7+Y7M&3M&$GE"AYS&(B
M>ZQE9B\3<NL<TDY4Q#88F1LD0\*!AZ503>*/I,$Q40$Q?T8[=6X[AN41=CIU
MI*2X2#Q@$>*/*-1U*5`[A/@)!_3$X<)][N[Q+QFE)+Y:HR13IE*>-MY,AUM(
M_4&[AS`V!O&H`AN&YBD:.3[>UV/[,7NF@;!6)5UBVTSBCPY`A?OT25_U")%;
M=7W(*&[=>0/VLZ?>JP\AB^_C'W<JSD=NU^%ZL';H8P)$=6BEI*1UBAQ4\"JV
M.E/S)+=)S&]L9(K,Q2%$2)+#L&JBU!W1-I2MZQ5*D/#_`,ITS2>1+@Q')F"I
MG:H"+"MNLUDI1<6@IL_KH$B.=.P^"7,8N7JMLK=X@8ZT5*983\!*H^>PDXY8
M%FZQ0$2J)F#8JC=RW4*)%45"D514*)#E*8!`*2K:*KMU2[1UU.IJJ09*2H2(
M](.T$3!&()$3QA]FI:0_3N!;2A@1_K;QC:#@8V'26.T?_]`U)[PJXR/6RS8V
M+V3;S2"4'#*>M;9RB;;VJJ*J<[X'(;Q`#`8@[;&*(;@,S;[P=7MK2OME1EP%
M#9!YQD_WXH8U:;LJDE/40.92@?A13)W&.`]7I\&Q=P+A61KUD]?95F0F`04G
MZ=:FK;UUNR5DD$$/7H:43(80#H`WEIJ%4`3E35-<NA-:.:G;J:6N92BXL@*)
M3,)6DF4P"3(@R"A.1F".$"%7VS"RN,OT[A52+,I':#MER@C8=N$CQD71VX,@
M=1-0!(HF<R:A#>!BG*(E,4P#XE$HAMJQPF<-I5XHUIW(@`#[;_+Z/].NR4<4
M)UN`1-G@3@IMF_(IW+V,;3QV,U7JU5X1\4AX^1MEE=&;LUWZ:A3HJ-HP@%'I
M4**?6N4XA^;TGN-6U;J.HJWU29;;4M1XDI!)EX!'!L.53S=.UBXM02.<F0@R
MW&W;\P74X=B2Y1CW(%A*U3!^]D)23BX=-V*70N2)AX5W'%38DW$$P='<J!^5
MU`.P%S3=N\_4=:^YV>ZFEI)^JE*4J5+@S*4%8\>4)'!+CLJCTG:V&T]907GI
M8DD@3Y`",.><2=H&&<98N93<=0JHTKC*Q^1[M(-G<HY*_P#5DG*"'F&D'SLZ
M?EI.U`#H$OY7C[&T0N=_N]Y<IW;G6J=<:GD)"1EF03T0.$#;#W26ZBH4NHI6
M`A*]LB3.7.3QPT[WA5QD>MEFQL7LFWFD$H.&4]:VSE$VWM5454YWP.0WB`&`
MQ!VV,40W`7MOO!U>VM*^V5&7`4-D'G&3_?BA`K3=E4DIZB!S*4#\***^ZAVU
MZ2%-;EB16DV,VA,IT&P2I&OPAHUU:-#/&42XEVZ+8)&NS1?`Z1B%\Q))3K#S
MDDE]7CW<Z]?ON_8K&THKF0DJ"9Y7$$RS`&<E).W&6(E@2!7&K]+,TS:%-$J:
M7/*3TD*&($^$']!GB`8"D,4Q#&(<IB'(82F*8!*8IBCL8IBCL(&`0\0U><4U
M'CH@BZOL]\8Z]FB^&L;])@YLR]WB:%4W$FW*Z9U8SADA)3EE(V/[1Q)%8O"%
M;B'2HF5)0I1`5=RQ'5]Y[&ME55J22TTTI9`VJEL3/@F=IY9\$2[2=L3<*M`P
MWBG`A).Q,\2KGEL_W@SA/MTX`"&3CE5[RI)%;^6K8$[`V2?*.!`N[@K,T6K$
M)@4P#TD]7,`%'8PF'VVLPGO5U/U@NI33!J?0R&4N*>;-X<WBV1>`T?:=V$$N
MYY=+,)^*4O)%`7=&[531FR<344V8NK$];N3X^R6U:)1*TQ),D!<#1K^DB<R!
MUG*"?2W<J"84R_GD#`0CEMJ[M!Z_I]0-*04[NJ;EO&ISD#AG;/"F>T;0<#M2
MHUMJO22J0YTR5FZ"Y2F1^JOEXCX1PB!(GK-W'/'<>_;K,WS!RNS>M'"9DG#5
MVU5.@X;KI'`#IK(+$$IBB`"!@$!U;P((!!P,5404DI(D1'S:((N?[9G."_T_
M(=7QK.VAY[IL%!=XIM;M<RTC'2,:@98].DG#A02R,)(1J2I&R:W7ML+0>M)5
M,B47U'8Z.XT-2T^P%4SB9.)X"#^L.(@R,QB#)0D1$LT[>JFFJF6]Z0XDS0KA
M!'ZIXP1P'FV&#I86&Q1RUQ=CN\W.ILK`U<1R[YLP7>2;<D).*&)&V5BD>/?,
MU%B-Y.+.D4R@CU$3*8`#JUCVH?O>B+S=;;;ZU32PL`J`2<Z.DV3F!E-*@<.$
MD<$:#:;H+_0T=54TX6DB<IGU5;%#`CA$H:G)';[P3;8=\E48Q[CZ?.W.#)_'
M24G+1)W`)B1,DI"S;U\FLR.&P*%;*-5!]/7OU`9ZM/>?J2B?;->ZFJI9XI4E
M*52X<JT`2/%F"AP2XD%9I.UU#:A3H++TL""2)\H).'-*`5^Z!Q?B\"9/;3,%
M#LJ\2;F[-5K=7XM,J,1'72JNTT';V+0(FBB@SFT3G-T)D(GYC<Z@`'F[!K'3
MMT1=*%FH;65-+;2M!.TI6)B?*/\`;@B@=1VT6^J,D!)S*2H#8%),C+D/Z.6*
MN=/\1V/H9M5'KMJS1Z06=N$&J0G$2D\QPJ5(G68`,(%ZCAN.P^&@F0)@`F0!
MM,'3=LKMU8O5QFY!^+II4ZP\;U]Y[AF1835YNR<2Q?ST_89-5%RY3;II2*!D
M4DQW`%02(9)%`"*9][Q]?5UDJ:>CH&TFM=1G*EB80C,4I"1,`DE*IDX`#82J
M8O#26EZ6IIEN/$BG0<LDX%2I`DD\0F)<_`!C,OD'VP,;W*DS;.@$6D5EF"H.
M:%>#,9ZMV5-,!.#)%T\;)+Q<BIMNDJL=9'S2D_0^*I8?I[O:KVJMIN^-(-.5
M?Q6P4K1/A*02%)'"``J4SZV`A^NFBZ5UASJ).>707(I5R`\!XIS'-M@(WE]P
MX6X_9#!2&;R)*-8'TB@PCI--8)*I3L<N)96HR9E]W!Q9;]391?I7.F!TS]:B
M"BA]+T5V154R'$K"B4@A0,PI)$PH$88CBPX>&*8J+%N:I20#NYG`[4D;0>:&
M0@JL5,"?FP#T>Q^#^$-<7JF9.,/E);P@#U<(?&D/)RERS*?K,F\A99D8#H/&
M2@IGZ>HHG16*&Z;EJMT`"B*A3)J%\#%$/#3:XYFP,/3=.D"1&$$E]L_G:\AY
M-FSL3T$*[(R#**R3``<081;I]LVC[_#(J**&:)I^7_Q12B(J()*)&`QB-SA7
MVN=)LZBMKCS#0[7922VH;5`8EH\85CE]RJ1P!5-VLMS<L]8EM:R:!PR4.`<&
M8<HX>-/+*1/OK"'_`'Z/Z'UC](3]!_W_`.5^A_E?D_CUE[*KW)VR\/%SQ:DQ
MQQ__T3^-$$5Y=RSZBJG][4%\S[YJTNZ/\R5OL*_[K,1'6?V6Q[0GX"X`:LLD
M!9:5]MZ)%\'\'_$JZTNA$XKU;TAMANI"8`-_;^Q^'2M#7)#:]4R!QB[GLDO`
M>9.B#;[]&;:"7_&FF.HGKU&33-Z'_P!1SS&'#3;N\NM$9['D>>#?M8WB\H6B
M"%H@BMSN9?5/0OO#)\VYS5L]T/VW<_9?\B(ANM/H%)_6_=5'-CL7Q@G?VQ)_
MKJ^M>HZ*>:,UN=-?.8P^OL>8)5[`7QNA/OV2^9T5JLN]#\MW?V4_"BQ-`?3Z
M;^N/@P<%K&L:$B,/,BK1]JXY9)2?))F5@HI*TQBYQ*4[20@72+P%4#'W`JCA
MD"S<0])DUS%#Q$!U,-!5CM%JNTEM1RN++:AQI6")'F,E<X!ADU$PA^SUH4,4
MIS#D*3/S3'ACFV\V8%C6^4F7HZ/(1-NO-1,X8B:8)%]<M%7@K-(FZ`$P=1Y"
M75$1_P!H1$=@WVUMJW**Z)@G;(CQ$C]$9BNR`W<*E*=DP?&`3Y3$6-+8;XW+
M'4X\K&0*-8X\QBOH&WUN8:"4_EB*\=,,W:1>OI/L!S)``[@(;#X@/HUX=2%M
M.(.PI(\D=6%EM]E:=H4#XC'2=[;<NH^P;88Q90QQA,CS"+8@@;I29/H*MOB$
M*(F$-S/EG!A````ZOPCOK'G>RP&]1TKR1_$I$D\I"W!Y@F-+:-<*K8\@GHO&
M7,4I/GG%A&JNB6P"=WZOK!???ID#^@5UM/NW_+MG]C;\PC.VO/M"H]H7`[.K
M$B`1F*[\8(+]L1GZZAKXOHJYH]-]-'.(Z67;3^HJV?>U._,^AZQWWN?F2B]A
M1_=>C3&C/LM_VA7P$18;JK8ET#"=Z_#\&C(W9\U9)I^[M=J^46PE2$J#6Q-I
MI[7YM9$1*4@N7S!@NHML(B)WIC#^5MK37=;<WJS33;;JYKIG5-#CRR2M/@&?
M*.1,N"*MU32(9O.9*9)=0%GGQ2?'*9YX&H8Q9$@#VOH_%X?X>&K'4LF&Q+82
M(S12D2+['AKR$E7-`I:4P_G&*X*U_,E=9D5$K.S)O:\_3WW!0KEL=TQ';Q`#
M$E6B&P^D"B8-_$==E-?)J5Q0WO/A9R\,X)*_O8V+^U7?_IB^B#_FG7QE_P#R
M+T?]<_\`']/\K59?@FE_D)^V.M;!_#]Q^Q_Q\D2#MY[^8?H6ZX>E[K]KEC__
MTC^-$$5Y=RSZBJG][4%\S[YJTNZ/\R5OL*_[K,1'6?V6Q[0GX"XYYULF`+,S
M`=7B$F_#;?\``Z6_U:U.TS,#FBH:BJE/&&IE)[;J`#_AV#?Q_B_#IP:8ABJ:
MX">.,7V]A]R=UD5BH?V,YX_`-_P>0F.H/WCI"=.7@#ZF[YC$DT0XIVY4ZE?6
M$0=/K%T:%A:((6B"*W.YE]4]"^\,GS;G-6SW0_;=S]E_R(B&ZT^@4G];]U4<
MV.Q?&"=_;$G^NKZUZCHIYHS6YTU\YC#Z^QY@E7L!?&Z$^_9+YG16JR[T/RW=
M_93\*+$T!]/IOZX^#!P6L:QH2(A\YK:WJO'"YH'533>VQQ#52,(<Q`%=9_)(
M/7Y"%.`B<Q82-=']J&X=._AMN$Y[N:%5;JRWJ"26V`MQ7($I(3_UJ2(C^IZ@
M,6:I!/K.$)'A,S_T@QS:N6-J1N?([+\ZW5\]O\,'D*W7`QCE6;U9%O5T%4S'
M.H(HJ)0X"38>GH$-@`-@#:E"@MTC"3MRS\>/Z8S)<G`[752P<,TO%A^B(\Z5
M0BAQL/UA>Z96QQ5&Y#'//W>LQA^D##Y;9S,-"O'!^@Q#@DU:=:AQ`0$"D$0U
MR?6&V'EG@2?-'>E;+M2PV/UE@>6.E!VZ8)Q$\?%I%<H@G:+[9)MF80VZVK9G
M"UL=AZ0ZB@]KZP>D0WW_`(-8W[U:E#^J$M).+-,V@\Y*W/,L1IC1[1;M!6=B
MW5*',`$^=)B>.JUB4P"=WZOK!???ID#^@5UM/NW_`"[9_8V_,(SMKS[0J/:%
MP.T`"80``$1'T`'B(ZL2(!&^4JON'<_!J*%$"!+1I@+MZ=GB(^.DS[Z4)4`<
M90YT=`XZM"E`A,XZ1O;3^HJV?>U._,^AZR'WN?F2B]A1_=>C0^C/LM_VA7P$
M18;JK8ET#O\`>JFFPN)5B)R&)'8>AVZXEW!1-],W*:3204%0Q""'E*-SAT[C
MLI[(^&M$]T;*D:>K'2#Z]6J7,$-B?CF/!%<:L6%7BE0#T61XRI1\TH%F45(D
M7V`VU;2&R=NV(XX^$C;&,,JJY-TI`(%W\3#Z-OY/X=*0E+8FK;#>IQQXR1T>
M.'>P9'B.6L>`0`,H%JBEA$1`!Z4'`+J#N(^DJ:8CM[/HUP=>S`I&R.Z:8-MJ
M6>E*+JO4W?\`Y5S_`,MZY^@5_P"4_P#-?D_\M_+_`"?QZ1;Q'NQMEMX>+GY(
MXY5>Y.R?@XX__],_C1!%>7<L^HJI_>U!?,^^:M+NC_,E;["O^ZS$1UG]EL>T
M)^`N.;E<)DYY^<3(;<0EI(/Q!L\6]G6O&60$))'!&>*JL*E*2D\,:*<YE!ZC
MB(C^/2G9LAM)),R8(C["OU@L?OTQ_P#T"6J[[R/R[>/8W/,8GV@_M"G]H1!V
M.L61HF%H@A:((K<[F7U3T+[PR?-N<U;/=#]MW/V7_(B(;K3Z!2?UOW51S8[%
M\8)W]L2?ZZOK7J.BGFC-;G37SF,/K['F"0.P[.0]:F&<]8)-E#PT7F]-S(RD
MBNFU9,FY:?$E,LY<*B5-),#&`-Q';QU7/>13/U=BN=-2LJ<J%TQ"4I$R3FV`
M<,6#H1UMFK8==6$MI?F2<`/5@P*S<O\`CG5V"SUQE"!ESII&4285DR]B?NC@
M!NANBG%HN$$E5#%V`5E$DR[@)C%`=]9<H]"ZKK'$MHL[K8)Q4Y)`'*<Q!/@!
M/$#%VO:AL["2HUR%<B?6)\7Z90-EW6^Z%&.H\8R$,2.FV\?)M<8T;UEJ\F&+
MN41!`^0KND@HH@S31(F06S?<Y3F(**)E`%RX#1'=]H)&GV'%.N!RK<EO5@$)
MD-C:)XRF3,F1.T@22D51J[58JR$H&4)!R(VF9_75^@>`3Q,"&J**+***JJ'5
M55.91550QCJ**',)CJ*',(F.<YA$1$1W$=7#%4;<3MCPT01=AVL>%-\NN0JY
MDN0K[@DK.E4B<4PKI)1-TN,N@JUE[S(IF)UQT&QA#K%144#\X@HLXV*F1$ZL
M4U/?:.UT%2]4/!-.TG,L\VQ(XU$R`'"9")=IFS5%55-.);.\7@@<^U1X@!/'
MBF>*#\L<4>+QK1*K0X;VT?5X9I%IK"0J9WBZ1.M](K$)[4KB2?**.%-O#S%!
MUB.[7%Z[W*MN51_%><*I<0X$CD2))'((TC1TK=%2L4K?00D#GXSX3,GGC==-
M\*8!6[\+95UD5ZDD43&'.F0-_P`0>0J&XZVCW<*"=.6<DX=3;\PC/.N&U.W*
MH2@8]87%$$#4C&$BBA!,8=MQ$/Q>Q^#TZFK]5*8$,-%:L0I8F8?BFULJ,M$#
MY8!M(L1]&WH<I?ZM-#U03/&)33T24)G*.@'VT_J*MGWM3OS/H>LQ=[GYDHO8
M4?W7HLW1GV6_[0KX"(L"?/F46R=R4D[;,(]@V7>/GSQ=-LT9M&R9EG#ITX6,
M1)!N@D03'.80*4H"(CMJL&VW'G$,LH*G5$``"9).```Q))V")8I24)4M:@$`
M3).``'"8#M[K_(6/R+:K&O$NQ5:W6QLV4$W.!DU?@33$$&[1\9L<"N&P2LDV
M0<E*H4!ZU50\!((!KO1=C79+#04#J0'TI*G.'UUDJ4)[#EGEF.`"*:O-Q36W
M*IJD8MDR3^R!('P[?#%**;=5P(&5W`O_`&/]?X=2Y2TMB2=L-J&7'U37LXH^
M\3(MB?[(;!^+V-)%+4LPY-M);&R)*\/J^XM>72S"21U&%,BW<@NH4IC$-(RJ
M*T/%L]B@(^>L5RNL0/9]6'V?#7E:<B9J,<JAT%.[3M,%O_W,)/\`LMO_`.D_
MX-_D)_7+_P!G_<_\3\K5"?C]G^<?MO>?_J_ZX(FGX;7[@?0,O_O1_]0_C1!%
M>7<L^HJI_>U!?,^^:M+NC_,E;["O^ZS$1UG]EL>T)^`N.:;8OC!._MB3_75]
M;$1T4\T9G<Z:^<QA]?8\P1-V%?K!8_?IC_\`H$M5WWD?EV\>QN>8Q/\`0?VA
M3^T(@['6+(T3"T00M$$5N=S+ZIZ%]X9/FW.:MGNA^V[G[+_D1$-UI]`I/ZW[
MJHYL=B^,$[^V)/\`75]:]1T4\T9K<Z:^<QA]?8\Q)'"^;.2.,H&5B<+R4ZR@
M7\N,C*IQ5%@[2B>7%FU;"=1Y*5F;6;J^IH)!Y15"%V`#=.XB(I*BGI'E)54`
M9@,)J(P\!$+J6KKJ="DTJB$$S,D@X^$&-ZMO+/FBI%'1L]YNT#'+"*0O$*7!
MTQ;J.`%Z4IB'J\*^24\?#H6`P#Z/'7-NAM^;U&TD\Y/D),=G;E=<LG'EA/[(
M3Y0!$0)"1D)=\ZDY5\\DY)\L=P]D)!TN]?/'"@[J+NG;DZB[A8X^(F.83#[(
MZ7`!(`2)`0V*4I1*E$E1X3'G%H1[F29-Y5^I%QJSE)-])(LC22K%L<X`JY(P
M*NU,[,B4=_+!0@FVV`=!)`)2)F!(25`*5)/'MB\/B/Q_X5N3QDU6KC%9FN"`
MI.%C6@B+=_%&3'K6=Q^+Y,S$Z`H>2)TCO"NS%.3J3<%#VVHY7U5R`6DM;M/!
M+8>0J$_)XHEMLHK4<JT.AUSEVCF09>6?/!@W""!XTQ$$=?%MD2LV1'+`"65Y
M9&B4-<FS;=,ZS&/@%%5BQ\"FJF03"S6>)&/T@JX4$I`+EKO$J=7/U(3>:0LV
MH*^3#9*VB>`J7(9ERG+.$D">5`F9W=IEJRMM$T+V>L(]8J$ERX@G@3S$\I.$
M3_U6,2R%H@@)+O21H2.4YH@EZO*S9?#_`,&Y%2ZV)H9S=Z8LIGMI&_@B*4OK
M&_N]<);'E>>*;XF`(F!?:;>CQV#_``]C4D<>)X8YLTR4`80X4*V19/6*ZGM4
MT';950P`(B!$EB',(%#<1V*4?QZ3%1,*\H`,7PXM[HS3"M>>5>@Y"&)AG\RX
MGW3=S032BAY-TQCHY98'$A#.%R$,UBD2@0#`4!*(@&XCO&+SHRRZAJFZRYTB
MEU"6P@$+4GU05*`DD@;5'';'JBN]RM;*F*5U*6BK,9A)Q(`X1Q`0UN=.[%;\
MGQ*L.XG[9=4C&*=*&,RC*73P53,!D%9%K#HH.)4[978Y"K-U#;AX*$'804V?
M1=AL2]_0V]#;\NF2I:\=LBLG+,;<LN:$]9>KG<ANGZE2D<0DE/A``GX9Q4M<
M+98+_8GMKM;WUV3>;$*4H&39Q[-,QS-XZ.;F.?U5BV\P>@FXF$PB<YC',8QI
M(IP)3D0,(X,TN.=?2C3W<@BV(/M@#8/X!VUR`4LXPLFEL1C*W!7')UA0JM$A
MG<W*N!`5?(#H91S<3;'?2KX^S:/9)^RHH8H&'8I>HXE**E+24)SN&0A`_5XY
M&Q-4%/\`:EX&_!TD);9]J+NM5F53L4S.N$#$1O=^9BF+./C$W!0.I6JRNF3J
M$2^684@3,455G`DJCO*U>U;:%ZT4;@[2?1E(&UMM6TF6Q2A@D;9$JX!.2:7L
MSE94HKJA/_Q6S,3_`%E#8!R`XGQ<)D1SK-L6A'__U3^-$$5Y=RSZBJG][4%\
MS[YJTNZ/\R5OL*_[K,1'6?V6Q[0GX"XYIMB^,$[^V)/]=7UL1'13S1F=SIKY
MS&'U]CS!$W85^L%C]^F/_P"@2U7?>1^7;Q[&YYC$_P!!_:%/[0B#L=8LC1,+
M1!"T016YW,OJGH7WAD^;<YJV>Z'[;N?LO^1$0W6GT"D_K?NJCFQV+XP3O[8D
M_P!=7UKU'13S1FMSIKYS&'U]CS!$_8^I4/D8BM'L!GI(:RYG+&R)HY=-L]*W
M/48=0PMEU47":2G4F'B)#!^+4`U[<'[5:JZXTH3UAEC,G,)B>;A$QYXGNBJ9
MNL?;IG9[M;TC+;T1!2UF[:&&96.<-H.TWJ&=K('0`TFO!V*).10IRJ`\BSP\
M8Y=%4*;I$I7:11+X"'COK/E+WMWYIQ)JJ&F=:GB$A:%>!690'A28MM[1=N6D
MAI]U*N7*H>$2!\H@=SN"=FU.KIO)^!@X:HS3HR_P?N]/:&:8^M,B)%7"41:X
M1%`GP<F'G2(BNFD0YC"<X"]*F;:[](=X=OU`C(RXH5"1-32^FD;,R3L6GE&S
M#,$S$5GJ/1CM%->[2)]%:>@H\2A^J?\`>6:4#"VJJV"D6.8J5JBW,+88!\K'
M2L8[*4%FKE'81#J(8Z2R*J9BG253,9-5(Q3D,8I@$;10M+B$N(,T$816SC:V
MEJ;<3):3(B,,V=.63A!XS<+M';55-=LZ;*J(.&ZZ1@.DL@ND8BJ*J9R@)3%$
M!`0W#7H@$$$81X!(((,C%F_$[N09-Q)8J_&Y&G9^Q5]@[0&+N[)RX'(--6((
M@B_3E$E4WM@8HG-^=*N<STJ8B*2AP*#<['=+'25[#S2F4%"Q)2%`%"AQ$'#]
M'GB0VN_55*ZT''%$`X*!]=/+/:?/YH.HX1\NV'(RIH1,W(QKNZQT,SF&LO'*
M(!'WJM."(^KV6/30`J";H@+I@[32#RA%4BJ8%*<4TLE:_P!%G3=2*RA2KLIU
M1$C,EI>W(3PI..0G'`@S(F;_`--WX75G<OJ'6TIG/W:?=`<?&-G"-LA/'5<Q
M*(#![NS<'&6;0`AOT9DO)O1O_M*ZUWH\RTQ8O96_@B*AN`!O-SG_`#5>>*@T
MD")`'@`;?Z-2,`J,<B0D1[FZB2KUFV.(]"[MN@?H'8W2JL1,W2.P[&V-X#L.
ME"&N&4(WJ@)PG%RE`[7@9;C'LS0*M?[+&1S\8Q\Z:V>M-2(/@;HNA;F)(MV:
MIC>KN"&W*`EV-Z=]PU'KGJRS6-YNGN=>AEY:<P!2LS$R)^J#P@QTI[5<+DA3
ME-3J6VDR,B!CMX2(<1/LW7U(-B8OR(&W_P"WTO\`^*&FI7>'I-6V]M^]<^)"
MY&G[VWT;<?&GXT?JG9PR"H&PXSR.'^[<*4'^=0=<_P`?Z1^^F_>N?$CMV-?_
M`*@?&GXT;!5>R/:I!\DI+8SEQ:',(^9<<E0C5@D8I@#\\TJTDC,F+N7T"D8I
M@'T"&N#_`'FZ3IDJ*+D7%C@0TX3X"I(3_P!4"=-WVH("Z8(2>$J2/("3Y(M4
MX]]JW'6,T&8W5:$49-U$7)J10&!H.ON7)-C'&9G#(,YF9(KN(&$B318WI%40
M$0U7]^[VZNJ2MFQTI:!F-ZY)2P/^*!-*3RDK')PP_P!NT8RTI+EP>"Y?JIF$
M^%1D2.8)YXM6B8B+@8QC#0D<RB8F-;IM(^-CVR31DS;)!TIH-FR!2)))E#V`
M`/'5/OOO5+SE14.J6^LS4I1)))X23B8FK;;;2$MM("6TB0`$@!R",CKE'N/_
MUC^-$$5Y=RSZBJG][4%\S[YJTNZ/\R5OL*_[K,1'6?V6Q[0GX"XYIMB^,$[^
MV)/]=7UL1'13S1F=SIKYS&'U]CS!$W85^L%C]^F/_P"@2U7?>1^7;Q[&YYC$
M_P!!_:%/[0B#L=8LC1,+1!"T016YW,OJGH7WAD^;<YJV>Z'[;N?LO^1$0W6G
MT"D_K?NJCFQV+XP3O[8D_P!=7UKU'13S1FMSIKYS&'U]CS!*O8"^-T)]^R7S
M.BM5EWH?EN[^RGX46)H#Z?3?UQ\&#@M8UC0D:S<JA7[]6)JGVE@G)P,^Q582
M#13P$4U-A3604V$R#MJL4JJ*I?;)*D*8/$`TLH*ZJME93U]$Z45+2@I)_0>,
M$8$<()$<:FG:JV':=]&9I8D1_KA&T'@,<_;O&8$+C3(T58_*+[JQ-DL>++,^
M(B5`LN,$LN]JDKY0"(BH\CDG8]1A,84`1+OL0`UN#2-T1=+9352,&WFD.`;9
M9@,R?`<.><9JU9;^IU9!Z:%J03QR/JGPB?@E%,C1BN[,`)E'I$?RMO#^+4I4
MM*1B8B[3#CQ`2,(<B#JVW28Q!$1VW$0W'^/\6F]ZJX!$AH[:!(D8Q?YVE,\3
M>-K'%1[A^L"..;+&3+$ASF,)Z58W"[&W0I0ZBE!J0JJIR`;?I5>[A^2`!!]6
M6QJ^6FX4*T@J=:,N18Q0?`H#P81,K0\NV55)4),DI6)_LG!0\(G!PVL91>$!
MF=VTX$RQ;A'[8KO_`.TMK7FC4YM,V$?_`%6_@B*?N:\EWN9_]57GBFI9T8X]
M"0"8P_@]`?C$=2]#82)JV0T.5"EJRMXJC)0;,?=6-46'<WK[/T^@/^(3]`#K
MRX\`))V1Z:I2?7<Q,')]LWZI[[]X9_FW!ZS?WO?;=L]E_P`BXL/1?T"K_K?N
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MUC0D+1!`:W?NA6+^?OR"0%5*AE^@OTA\L4>A\OCAT5]TD`0`YBG>KD$P[]?B
M?TCK7?=:ZM.E[.M>!W+@VSP#JI>0#FV11VMZ=+]SJVQB-Z@^'()^4F!SX6L@
M0"?F_P`'L?Y]6"]4DSQA@I+>$@23#I1<&4@%]IZ-O8TVN/3A^9I@D#")]<'V
M2K;)-D,0#`W^`KTBNP[%\X9^NBAU%W\3`0JFP^P&_P"'21:LT=*A(2VGG_08
M/W@0$(.%`0$!")C@$!#80$&:.X"'L"&L3U/TFH_;5YS%U-?PF_V1YH#9[NJ1
MU<L6HI!V#Z9+P)OP[=2O^+6N=$J"=,6,GZHW\$13EZ;4Y=[@E)PWRO/%/R:*
M+8NX[;^D=_3J1N.E1PCFS3);&(CT(S**$I&%Z@#_`.8L@_QN4@#^'7E+:E8Q
MT<<2A)QX(.A[9OU3WW[PS_-N#UG?O>^V[9[+_D7$UT7]`J_ZW[J8LCU4T3*%
MH@A:((6B"%H@A:((_]`_C1!%>7<L^HJI_>U!?,^^:M+NC_,E;["O^ZS$1UG]
MEL>T)^`N.:;8OC!._MB3_75];$1T4\T9G<Z:^<QA]?8\P1-V%?K!8_?IC_\`
MH$M5WWD?EV\>QN>8Q/\`0?VA3^T(@['6+(T3"T00M$$5N=S+ZIZ%]X9/FW.:
MMGNA^V[G[+_D1$-UI]`I/ZW[JHYL=B^,$[^V)/\`75]:]1T4\T9K<Z:^<QA]
M?8\P2KV`OC="??LE\SHK59=Z'Y;N_LI^%%B:`^GTW]<?!@X+6-8T)'I<N6[-
MNN[=K)-FK5%5RY<+G*DBW;H$,JLLLH<0(FDDF43&,(@``&XZ](0IQ24(22M1
MD`-I)V`<\?"0D%2C)(&,`X=V#*J&4;T!$%/-);,@6*_)('#9PT@HXKN`J15R
M'`JA3*1D@JGOTAN9N;P#T:V7IF@[&LUNH#TVF$I5^U*:SX53,4I7N=HU]54_
MJ*<)'-L3Y)151'Q!"`7VO^3\'^33PMPF/3;(3+#&-J;M"D`/``]'L:X$DPH`
M`YXMH[9N%I"]W:*)ZF91*]6Z$KZ`BF8W37(-PK(6N2Z0\%6B37S-_$/;-#AX
M:9M07%%HLURN"U2+3*B/VB)('A40/#'QA@UUPHZ-(GF6)\VT^)()@UK6.HN.
M`Q^[FX(WRM;CG$`__L5XV$?]Y;6NM'@G3%AE]5;^"(J*X2%XN9/\U7GBC^;L
MZ3<I_P`X`;`/L_@_#J6M4Y5P0VU%6AL'&&<6O`J6"'01.)S&EXXNP#Z-WJ(>
M/CL&GEFBDDJ4)"416NO`SAM)F28Z'';-^J>^_>&?YMP>LL=[WVW;/9?\BXN?
M1?T"K_K?NIBR/531,H6B"%H@A:((6B"%H@C_T3D)'D=@*+;'=.<RXT52(`B)
M8ZY04PY'I*)AZ&<2]>O%!V#P`J8[CX!XZD#6E-3/+"$6"K!_Y-+2/&H`>6&U
M=XM2$YE7%F7(M)/B!)BC[NE=P;%Z>/2'@WOG5:G+2$K%NI-):.<7^]*1KIE7
MX:OQ;@J4J#%)-PJ"JJJ21RD544.1-)'S#WIW::%K[,Z_67$!-<\D(R`A6[1,
M%14H>J5$@8`D"0Q),A7.L-34C[*&V#-ALDS.&=<I`)&V0QQ,MNP`3(*RZZKI
M=9RN<5%W"JBZR@@`"=54XJ*'$"@!0$QS"/@`!K08PP$4>2223MCU:((MN[3W
M)",PUE%Q6G\@TB9B4LU3N-#=OS>2P?6JM.S">N.U^HH>;-H"B""9A*184E$0
M$5%4R'C>IK6BZ6^HIW$DLN-+;7+:$K!$QRB>W@P/!$GTQ<10U:?6`<SI4F>P
MJ2=AY_+LX8.ZQQS1P%D"+9N'5UC:/,J))>Z$#='!(0S!R8`*HFG-.P1@W[<%
M-^A5-<#"38QR)B(E#(-V[O\`4UK><0BWKJ:<'U5M#/F'[`FM)XP1MV$[8T'1
MZDM56A)54I:<X4K]61YSZI\?.!$@JW?J+<D'[JH76I6IK%>7[J.:W8X><0C?
M.(JHEZ^M&/'2;/S4T#F+Y@EZBD,(>`#J,5=LN5`II%=;WV5KZ(<;4@JEMRA0
M$]HV<<.S-72U`6JGJ6W$IVE*@J7/(F4:)(\CL!1;8[ISF7&BJ1`$1+'7*"F'
M(])1,/0SB7KUXH.P>`%3'<?`/'3DUI34SRPA%@JP?^32TCQJ`'EA*N\6I"<R
MKBS+D6DGQ`DQ1EW3.X-C0M`(X@G(J5FG&DW\,O))>H/[[>7+-1A"1L#%N3HR
M`1C5-4YEE%"$5\I510Z9"(@)[W[M-#5UE7455QD*UY(3E29AM`,SF(P*B9;"
M0);23A6^L=34M0RA#!^0;)()P*U2D)#;(<N..P2Q!@444644554.JJJ<RBJJ
MAC'444.83'44.81,<YS"(B(CN(ZT!%([<3MCP]/@'B.B"+=>U/R//A+(RE=?
M2#:&<25EK]QHD@^`2L!N4,LFBK"2"G60HIV)FF@1,IQ(104#(]0G6(48SJ:V
ML76A?I7DDLN-J0L#;E4)3'*-H/`9'@B6Z9JWJ%\+3@H+2M)Y1P'D/^W#!PE6
M[@/'F8KS23L,[+5"<,W3%]6GE=L$LN@[`H`NFSDX2+?1CMKYF_E*'40.<FPF
M33,(E#*59W8:I8JELTM,A^FG@X%H2".":5J"@>,`$`["1C%ZL:LM#C*5O.J;
M=EBDI4<>0I!!'$<.81!;FGW**:?'TW6:>J_K=6E&R[*>LTT*+*>L30-Q7KM3
MA$'2K@R<LD!2+**G*J=!0Z9DDB"934ZT=W:N6NL9NM[=0NI;,VVTXI2K@4M1
M`FI.T`"0("LQV0PWG4_7FET5N0H-JP4HX$CA``V`\).)&$H$[R?=Y#*EYEKC
M(I&;INC$:1$>8X*>Y<,T$P,6764"E.<"G,HJ8``#K*',```@`7#.0D(CC;00
MD"-131*F'H_BU\`)CH2`.2'SP]A"SY7DVZJ;=Q&5%%P!9*PJHF!-4J9P!5A#
ME.``_D3_`)/M=TT-]U!WZ2&]'*@8[82NORP3!=W"#`=(XMU2*ON69BJXUF)^
M&]P:!7K=/1-?6AJRD1JX>KJC-.VIU+#*B9(RR8"9=L@/YT04<*IDH+7M^K-4
M/FR:=I7JFBIU!3JFD*6%+Q`'J`^HG&1."E8C!()FVGK>S:D=H71Y#50Z)("U
M!,DX$[2/6.&&T#;B2!*G(_-'`6/XMXX:W6-O$RFDK[GP-+<$FS/W)0$J::DT
MT!:#8-Q4VZU5%Q,!-S$(H(`48C:>[_4UT>;0NWKIJ<GUENC)E'[!DM1X@!MV
MD;8>:S4EJI$**:E+KG`E'K3/./5'CY@8"9[F/)F,R)D5Q'(/V;Z;)8K/;;DL
MP6(LQ83]A=^8G`-E2F-TJPZ0*`L3<02\PB8[*)G*75ECM*:*AHZ)D'<,M)0F
M>TA(`F>4[>>*?N%T^6J:EQ0WCBBH^$SE%-\Y;'4B<Y$3F*F(B`FW'Q#\0:EC
M-*EL`G;$+K;FX^2E!DF-31<+-W"3M%02.$%DW"2O@8Q%DC@HF?8P"`B4Y0'Q
M`0TJD)2X(:IF>:>,'1]K3N!XQ4H2B\X\*WJMS4CI&6<QK=20=T&]-X])G.Q$
M_'M@6E3QZR:27DG324/T)D5(0Z:XG+GWO+T-7WE=/5VX!5<PDIR$@;Q!,QE)
MDD*!)VD`SV@@`W=H[4U(PRM#YDPX020)Y%2D00,9'#9/FD8O&CN1V`I1L1TV
MS+C1)(X`(%D;E!0[D.HH&#K9RSUD\3'8?$#)AL/@/CJBG=*:F964+L%63_Q:
M6H>-((\L6.B\6I:<R;BS+E6D'Q$@P\J:B:J9%4CD525(51-1,Q3IJ)G*!B'(
M<HB4Y#E$!`0'80TP$%)*5"1$.0((!!PCSU\@A:((6B"%H@C_TGIY(QO,"1GX
ME/CG.UN%K1X`J<VI*IUHTB$[[I.S'4:&GHB4,5(T;Y)=RAL`[B&QO;:W52*H
M`E76TDKGA*>SP$1G&N3<U+2*%:0WEQG*<Y\H/!%;UXX1\T\E2_N[?9B*MDJ!
M3)I.9J^)NP:(F$#&;L&YD0:QS43!OY2!$T]_'IWT[-W&WLIRM)*4\B88GK3=
M7U9WE!2N57FXHTS]V_R9_LRG?*UK_5]=.UJ/C5XHY=A5_N4^.%^[?Y,_V93O
ME:U_J^CM:CXU>*#L*O\`<I\<?H=N#DT`@(1E/`0$!`0MS4!`0\0$!!ON`@.C
MM:CXU>*#L*O]RGWT2>I&*NY;0&"$3!WR$=Q;9,$D&-DL->M0(I$)T)(H/+!$
M2,DW00+L!$TUR$*``&VP;:1N/VATYE-&?("/,8<&:>_,@)0\"GE(/G!,%E=L
M4)0N*\R%G#)GF@BZ>$N='H!$\H%<L02!D@2*1,$S.^L2](`7;T!MK.W>U+M3
M3>7HS<E[]N+AT7FZE<\_3DF?/E5.!Z>249S`DIZ)1XZ3M<A:RI7P3FU90E;&
M2"=&1>"=1F>=B),Z:1HWR2[EV`!W$NQO;:OND-`$JZVDE<\)3V>`B*PKTW-2
MTBA6D-Y<9RG.?*#P16[=N$/-+)$K[MWR8C+9*%*9-%U.7XK[U1$Y@.9NP152
M%O'M1.&_E($33W\>G3NW<;>TG*TDI3R)AB=M-U?5G>4%*Y5?ZE&G?NW^3/\`
M9E.^5K7^KZ]]K4?&KQ1R["K_`'*?'&:CNW%R$1,4[J/J8F#T]-H;&#^(/(]C
M7)R[,$$))\4+:>QNH(+LI\\.%&\!<WM0+YD?6`VVWZ;$W'_W&D#E<E6PF'QB
MC0V!.)"PF#^8,,Q;QK2^2C=BU3!)NV)D)Z=-!$H=)4D`.<PI)$`-BE+L4OL;
M:0K6A1)"8=$%D=*,:ZXJYVGGWKMAD(^3?*`/F24W:G,HX';<=E'"J3QT?<?1
MZ?'7(JA0E]A(P!\4;I6N$%^EG3=H\L,&@NX.4J;6!92]C?F$P%]H1H9K$`LL
M4PB'24X@.W@;QUS6ZVTE3CJPE`VDD`#G)@ZSG(2VVI2N`?["<6+8+[1%UL+M
MF\D*)/+HB*9CS&41-4:ZAU;=+DE<]7+.2*"A3"8`\A\F8NP[>@1B=U[P-,VI
M*@JXI>>'ZC,G">3,#D!_:4(<::QWFN(RTI;;XU^J/$?6/@!B^3CQP4QIA0T;
M.S?J]VM\:FC[FJ+1R3&L5M1(I?*]P8$#*IF7:B&R;AP)C%Z0,DFB;5+:G[Q;
MK?4.4=(GJMN5@0#-:Q_S7A('A2F0X"5")I:=,4EO4E]\[ZJ&PD>JD\@X^4\X
M`AA^ZF#\:=C`(H2!*"XOH1HJ]/E`_&+@O4Q4ZP,3H!QT[[@(;>G4C[G?I5]G
MLR->=<-FMOX5N_:7YDP*M?J!W`+FQ7C5+1#-&"Y!3.VA+#"5P5$S%Z3IJNX>
M.9OUDE0_*(=4Q!`1#;;PUH1E5$D@KGXIQ6=1UD@AA`\<0TD.WGRDDE3*.&%0
M$#&$W3\+VP^(^R(BW\1\=.R+G0MB2<WBB-OVNZ5"B5Y9?M1COW;_`"9_LRG?
M*UK_`%?7OM:CXU>*.'85?[E/CA?NW^3/]F4[Y6M?ZOH[6H^-7B@["K_<I\<;
MG1^$?-/&LO[NT*8BJG*B4J:KF%OB;0':)1$Q6[]N5$6LBU`P[^4N11/?QZ=]
M<W+C;WDY74E2>5,=6;3=6%9V5!*N17GXXLAXW1O,".GY9/D9.UN:K1(`R<(I
M%)UHLB,[[I-#$4=F@8B+,9(L;YQ=S!L([".YO;:::M5`4IZHDA<\9SV>$F'V
MA3<TK4*Y:2WEPE*<Y\@'!!O,!_T*%_9,;^IHZPY5?2:C^HKSF-%,_P`)K]D>
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M(OO+*H1/UQ-@V0(YZ"*F`.L#;`80#TCI+45U;5J0JKK'75)Z)6M2B.:9,MG!
M'5JG89"@RPA`.W*`)\\AC&O?1%B?[,,>?(JM^]NE7;E[^^*KYUSXT<NSZ#ZD
MS[Q/HA?1%B?[,,>?(JM^]NCMR]_?%5\ZY\:#L^@^I,^\3Z(7T18G^S#'GR*K
M?O;H[<O?WQ5?.N?&@[/H/J3/O$^B%]$6)_LPQY\BJW[VZ.W+W]\57SKGQH.S
MZ#ZDS[Q/HA?1%B?[,,>?(JM^]NCMR]_?%5\ZY\:#L^@^I,^\3Z(7T18G^S#'
MGR*K?O;H[<O?WQ5?.N?&@[/H/J3/O$^B/T,1XH`0$,8X]`0$!`0I=;`0$/$!
M`0C=P$!T=N7K[XJOG7/C0=GT'U)GWB?1&X1L-#PR8I1$3&Q21ORDHUBU8IF]
ML8WB1JDD4?;&$?1Z1'2%VH??(4^^M9_Y$GSF%"&VVQ)MM*1R`#S1DM<8]PM$
M$8">J=6M)&R=GK4!8TV9E3LR3T-'2Y&AU@(58[8L@V<%0,J5,H&$NPF`H;^@
M-*J:MK*(K-'5NM%6W(I29RV3RD3E')UAA_*'V4+`V9@#+FG&M_1%B?[,,>?(
MJM^]NE7;E[^^*KYUSXT<>SZ#ZDS[Q/HA?1%B?[,,>?(JM^]NCMR]_?%5\ZY\
M:#L^@^I,^\3Z(7T18G^S#'GR*K?O;H[<O?WQ5?.N?&@[/H/J3/O$^B%]$6)_
MLPQY\BJW[VZ.W+W]\57SKGQH.SZ#ZDS[Q/HA?1%B?[,,>?(JM^]NCMR]_?%5
M\ZY\:#L^@^I,^\3Z(7T18G^S#'GR*K?O;H[<O?WQ5?.N?&@[/H/J3/O$^B'!
M(0B9")ID*FFF4I"$(4"D(0H`4I"%*`%*4I0V``\`#3822229DPKV8#9'EKY!
M"T00M$$+1!'_U+X77>.R?CYCQ/O^4,615EQWEN^\\:EF1#$E:LKF>H=+XR9+
MI=;K64XB(>3=ED9%C5JJ]?/K.WZQ*LV%5T@"`-BH'N1/=K05BM0T=!<%(K:=
MF@6SOE)"7%U32U*:)"4@%:PE+1X#))GFF*W.M:NF%HJ*ND"Z9YRK2YNTJFA+
M"TI2X`2HD)225CA$R)2E$R\Q\][O6KEG%/!U.JN<Z32NWI2^8>*4ZPE.OK!D
M"SW#(V4*JW;%DHN1=-I"DDKE.9ORM6D:22,;U@`<")TR)1FVZ1I7Z:U&ZU+E
M)5.WE=&[FRA+:4-M+)D0"%YEJ3,JR[,,"2^5NH7VGJ_J#**AANVIJ6\LR5J4
MMQ.T$S3E2#()S;<>*/D'S@YN77A#FOD]C#(7;?RI+X<AELIO9"CDST^@3XUJ
MF'[9>LCX_M&-7EK97*B9BC+/%L$8E20F2M'[!1P9PR9'(B=1Y=TKI:EU3:[#
M7T=[IVZE6Z`<ZN%;U;R&VW$.A!0XR4E17E1-*LN52A,!M;OU]?L-==:2IMCR
MV$[PE.](R);4M:%(*@I#@4`$S5(B<TIPGLN3N??*'`_`/&N=<E5/#.1.47("
M4IK_``;B[!T1?&5>EZ=8JG$9-F"R\/<)VQ692=J./(^;6D%VJZK$KKU),GZ3
M<_"@TA8;OJ^NM-#453-AHTK#[KY;*@M*RTF10E*<JW"@)!`5+,>".M7J&ZV_
M3M+<*IEAV[5!26FV@L`I*0LS"BI4TH"B2#*>4<,2YD^8@V*^]NX,3EK4[BGF
MLZR*_DIF5:OG%AC:U7N.=OS+6O<!:-G&\;%3@3L$@TDTWB#\")@N@4B2P`J2
M.(TUN:36?:&=%PM8;`2",I4JI0RK--))3E42D@IQD9D8%Y5>M[4:;ZGE51UQ
M623.82&5.IE(R!F`%3!X1@<8]\)R=OLE?^XK55XBH$CN(WP(^C=9)A,E>S?P
MEXS5?,S[X;J'GU$)+RK1-JH(^H)QO2P*0ANI8!7-\=L5(BCT74!QS/<<^\Q3
M).6J6R,GJX>JD$YBKUIG9A'UNZU"ZC4K)0C+1Y<F!F<S"73FQQ]8RPRX<N,5
M%TSN_<DI;B9G7D,ODWM]9%NV/,`43*\/AO%-8Y`$N5'L5MOF-Z[)1676=GOY
M(Q>/KC*X.6+E.)D2*EF")"591`IP/8M5W<61O4-ILPH;PS2O5CC2GG54^1Q*
M&W%`LE+<YJ*`H%:99)X`RE#6-9W-=GN%R-5;G7VZ9#@;;2]F0I2T`AS,N4DA
M1!RJZ4L2(LTP[R9Y44KDI1^+'->CX-;6/,]%O=VPAEKCI+78*-:WV+@@760*
M'/TK(@OK57+!"PUB0?IO`>N&+E#8I1\TQB)0:Y6.P55CJK_I>JJRS2NMH?9J
M0C>(#N8-N)6W)"DJ4DI(RA0/)B93172[,71BTWUBGWK[:U-.,E611;EG04KF
MI)`4#.9!'+LB_P!P[N>9AX;<HD<:5=EQVDL<5_CACS.TQ4LDO;;!YDRQ+6C.
MEJQ9,8YPE-1=G"`7MB<!$(R31JY@7W25!VJLIY(`";]HW0EMU-837/JK4UJZ
MUQA*V@A3+(0PAT./I*<V3,2DD.)VI`$]K5J355;9+L*5I-,:9-*ATI65!QPJ
M=4V4-$*EFD`H`H.PDF6R?E7Y%W2<Y(<SL0+QM5"K<=L3<>[[1Y!JSE0FY:5R
MS`YEE;"A:'9YQ:.?QC1?'C(&)6;9BHF15?S5%A,F*</?LM*U9-,W(+<ZQ6U%
M0VX"1E`94R$Y1EF"=XK-,J&`D!C.0M7-]=SOE&4HW5,RRM!D9DN!TG-C(CU!
M*0'#,G"5;D#W3>04IB/'-^<4_#A)BW]K[D]S7DFR-?NQ8U#*F%5_*JT`Q1/D
M)1TEC]^7_J#519615']"^0U-W=`V=NXUM&*FIW;=^I:(',B>Z?Z:C\G+>#]4
MR"1PH,1EO5MQ51TM066,Z[4_5'!4MXUT0/7Z!X1/-Q*$2%SCS!Y5-:'VZ&V`
M(OCZWRSS7:QGP@<YA@,C2..ZV]5P>GEB0&':4NZQ5E8M?6T5T$076D3@F*93
M"(@973-:M-Z?55ZT5>'*PVZUDY0RIL.*&_W0S%:"DF4B9!/#S0Y7"]7=-/IH
M6Y%,*RNE/>!90D[K>&02H*'"!,J_3#<SO<HS]3("VX\R'BK%]0Y.88Y:<3\#
MY;C(N1M-SQ19,;<GYM/X-Y-QJ\.\J%CCUY>O-WP-FLB=T9@[9[N2*]9FZ2UK
M1%GJGJ:LH[A4.6*JMU6^R2$(=2[2I]9IT26DR5EF4RS`^J1*92N:HN+#3U-4
MTC2+JQ64[3@!4IM2'SZJT&:5"8G(&<B,9[`[_&SN50&1>4&;^)N8X+Z.;O5L
MY9=H&!;DX;NF5'SG!8]G>A_6H.6>&,S+E6E14@T&1C"JB=XT61=HE+YATB-M
M[T.]16&U:AMCN_I7*1ERH1@7&%.)P4H#'=+(.54L""D[`2MMFJ&ZF[5]GK6]
MT^BH<0TK8AT(.*03AO$@B:>$$$<4-'C7N$\H^06.^&U'P7CS"+GE%R/P3-<B
MLF6&]#=HS!.&<75RW-:6XG`JT18'M^M<A9K&^3CXV/0F2'3<%%1PL"`F.FXU
MVCK!9ZW4U7=JVJ%AHJM-,TEO(7WG5(*PG.4AM`2D9E**,1@!/`HZ74=VN--9
M&+?3,&ZU5.7EJ7F#33:599Y0K.HJ49)`5MQ)ELG!Q.RWGZ[RN5:1R'5XU3%A
MH<I"?!6[\;+VXE*_=X24;/!EO=;&M@G[/=\<RE0E&Z;)Q[H/ET7RZQA;[$1Z
ME(MJ&W6>E;M]59A7)9>2K.BI;DI"@1*3J4I0X%@E0RI!2!CB<'VSUEQ?75L7
M(TJG&R,JF5S"P9SF@E2D%)P,R9DX;,:[[]W0,ZX_YH9$PZY:\8IC%-+Y3X'X
MWQV-A?W6"Y46ICFNOU!ZM?Z:W^%$_6;<PI,C8U57R'N-')>J(`3U@B@]0S*D
MT'::S3%%<DJKTW!VWOU)=DA5*@L*6-VLY4J05A("3G49F>4B(W4:KN%->ZFB
M(I%4C=6TR$34'U!T).=/K%*@DJQ&48#;.-8XR]V[+]OS!"U[.K+C8_QM;G7,
M)4[7"3RYIYEPE6^*2$_,'MF;*=8+1;&:5=O<16ET(QRV,S];>KI=!"E`2&47
MWNZMM-;77K2JN%<V*/%\(W+ZJO*,C"TI0<S94"H&<D@S/#'*U:QK7JU#5>FE
M-*LU/\(JWK2:>9S.I*E#*L)(21*9(AZHCE7W+KI@L.:=-P[Q90X^OZRIF2K\
M?K"_R@/).S8'1BCV%G)_23&S1L6P^0[154PE&$<$&\:$27204<&6$=FMS3^A
MZ6[?A>IN5P-X"]RNH2&NK)?GE(W13O5-H7ZJE9TF8)`E"Y%WU0_;^W&**D[.
M*=XEDES?J:E,'.#NPM2?6`R$2($YQ\K_`)S<PL[Y\9U+@Y6^,UHQ>KQ`Q!RM
M9,,[-LF5Z_VYKE9[9D&5/B+/4K,XJ]:F2DBFZ73(Q1T&SH5"K+]'MD_2-*:;
MM-H54:J?KFZ_M)ZD)8+2FT%H)FLI6D+4G$GU5S(E(<?DW^]7"XAFPM4JZ3J3
M=0`[G"U;PJDD*2K*DX#:F0,YGB>CCSW`Y+DCD[BI$5BGQM4IN<\"<BKYD"O6
M))\[R#C_`"K@3)>/L935'2DVTHRB1BX^>G99-4[B,%P^12:.$Q;D.9,[9>='
M(LE!J!Q^I4Y4TE73-MJ3(-N-5#3CJ5R()F4I1*2I))4DYB)A=;=1KN=7:&VF
M0ABHIWEK"IYT.-+0@HG,"0)5M3,X$2ANIKN&YD4+;<8T#'6/;ER/NG.[-O$;
MCM6WKBPURC(5##]?B[?8\KY=>DDYV<=QE&JJSAW+EAB(+/#&13;-DMSG!8UH
MVV`T]?65KS5D:M+%94J&53F=Y10EID22D%Q<@C/,#$J4<!"=S4E;\M2TU,VN
MYN7!VG929I1E;`4IQPS)(0F95ED3@`!&#Y.9S[L/&#CWF;-UD)V^[(RQ)$0E
MS*]AJER';)V.MJI2S*SUY"K/,E"YC[-#3!8U5L\4EC,GC-VH44DE4?;=;%:N
M[V_7FV6M@WA"JE2D24NG.56!2K.&I%*AF!2$9DD#$@QSNM?J^U6VNKW>SE)9
M2%3"7O63B%)RY\%`Y2#FD03@"(T7.W._G%@9SQPQWD*0X,XSO&8L>7>\/LWY
M+B,[0O%^>MK6<9)4+!U:G2VQ*3HE[>UA\1_)R<_(+1B9`,**8CT)J*[3I+2M
MW%[K:-%V?I*9Y"`PT6%524%)WCZDY).-A0RI2VD*XSM(3W#4%^MYME-4JH&G
MWVE*+JPZ&"J8R-).::%E)FI2R4\0X(O`KKF5>U^">3J<,E-NX:,<S*5=D7,Q
M7TI5=D@K()P4L\813N4AB.SG!JY5:ME%T`*<R29C"0*L>2VEYU+146@HA.8`
M*E/#,`2`J6T`D`X3.V)XT5J;;4YEWA2)Y3,3EC(D`D3V&0F.`1F=<H]PM$$+
M1!"T01__U;BN'#3'R>9^V>8M@L#M)')_>;,Q1FJ?"1T9()KVJ'&V)S[D+S)E
MAF$47P:G(D_"03$16(SVV&]-2JK#;-<390"6++/*M1(]163*-V)D\.*<O`51
M5ED%,*[2_P`HHC>W+:D`'UAFGZYD!P8&?#EC2L0,L8*\A.X9^[FLO(F/8.^-
MM63P\.-J149>N5^:2Y`RH2[OB6%[R#!P5PP4]R>:RC)-S#!L&JY)D(==PF=J
M*:JXJKQ9]&_C5BB*Q7+WV]6L*4GJXD*O=MJ4A\-;K*?741NMZ$D*GPHDTIN.
MI/PT[4A)I4[O(E)`.^,^KYU@*:*\^8>H`<^0G"'4A&+HC?OE_33:*&ZSLZX4
MQR6:0XTT-LQP;!0R>!<X)PS^)--9'D;9:\OO$COUI5I/!#"V,F1%NY7;J"ND
MWNK23W4]ET[PM(NAW'67"7U*ZPQF!RMA"&1ZH06\\YDE(4)%6VDRU[UYULW`
MT`WNX1)H#=.R(FLJ4YM*@O++8"09C4,I-\!DR=P)5Y;3')9UC@G;\HC?B`QX
M]UO)S"97N9:G5#9RF)N4P9:I'*+2_KT3W-(O&M&:U?2KW6=9\HOU$TIMZKN:
M#5PTZW0BM[8<-8:A31&3.O<!(?0&BWO,TE%0<+F`0!C'"L%OZWI\WE=4:;LY
M'5PRE8.;*G>DEI1<SY<LT@9,FU1,:CQPCK,K$<"B<0;AZA13<S.;[G@6YY*8
MWG9:N)8@5P5D@+3#7-E6,JPM[<5!@N6T&K,F=PE+NW2B!7[!LBF8RBF]K8#F
MKCJ2FG5]F4(KQ3.)"M]OVLBD%32FPL_);U,B@">1:B<.5L2Z4:>[&>E3]>JN
MJ;]!*=WNEY@H)<"\H^4R*GF)EF2!MFE78WD%_>/[H"S.Y8<^!`5O%1.4,:YQ
MI=@M1[<7@-1D4W.`YI++(Q"5<56!-R*%ACSN4RB9L"IQ`'0Q=Y=G[$T&%4U3
MUK.[U4AU&3)U]S"H3N9YMHFVJ7ZTAT8?&DW'M/512^QN,K>_&16;-U1'\([R
M67ADM,^"?#$2+Y%9)3[+-S+DR]\<'>"U>&'&\E#7PMB:>C^1S"$":PL>K.<L
MM9_-,G3Y>:-`%33F4&:S)$LN<RB*HID!(\CI'*(]Y]+U&DK1=A<ZG>;]Y)IB
MK*_G#)2P%A.;H%04<F!$S,,U0BI&AW^M5%*:#J+.3=-D/`3:R[R;I23+I`$#
M-L,L(G+CF.R>R[E^*%>==Q4LF9UL*98)P]88EQJSI/%F-9IIUH<\.(.6F\KW
M_+,UEQY7CQP.D9ADPCVT8F(I*KF4;%2BE:N@5H:X#2=-DM@JFNN%YTKJB?6Z
MN%!+3;*60K-(H4I14<0)*F_TJ:M.J:0W]_-7;ASJP;1E8`]7>R)<6X7",LPH
M`!.PF8E$;NLQL4^YG9F%:ZX<JZ8]JQ%&]$S1C"N7Q5/&XYURU[IR&!U+)EW'
M$0KR`*L=0(=F_(1J8$]R.074("4C[OEN(TS;)4M2X?Q!\GN75-_*[AF0J,K+
MAZO[LIQXTR!FS:N0A5[KIOL(_P"T>OO6TK]3>N3+69Q`WWN0<.69PVV'CLV*
M94RNIP1MZC5P;MU\2&>>6O)?',<_*C72X[O!L)V''TA5<IQJ[C/*M1--E=0T
MTV2JB;\JAG$H=,R9")G%VL6^WC5E-,=M59IS3.$>MO&]^EP+:/R&?)):"7<L
MI-@S)[(37];K.P'I'LVGWN_0#AD7NB@I<'RN7/-*ANYSFN4HCTZ8X,##6(T\
M=V?)AZ,GV%.:S.#=V:BUU*RO*T+"/):;%,Q[+(JT?&VDLR5PHA"MW+MB8#`F
M$H!2@J=Y2N[=IW$UK#'6_P`7414$N*RA4SD2DEN91*0*R`KAW?`&U2:#J5$*
M9UWJ_P"'JH#,A.8ID,RB`N05.<D@D<&?AAZ9F(Y4?!WM`)N\@<?OI!^$;4_%
MAXWP_D;X&_!'^Z@[*FVY`1JF<?=OX1_!3J,9>N.O5?='8H)>3N?36TY8-]WC
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MJII`#13/./6D99"5RAT>%G[,OW:2EG_NCN[R"3P>FG)N)$DKGT3A/',`F<,!
MQX82*E?[8"7"ZV69IR]9<2K^9L]O6/H*0PS9>(*>4T$ED^2L6TR;&66D(O+^
M,>O''J3RP/FTD"Z`D7*+9P5XO*T![7AU/3MG3AN+<PVXH/)K-U_^,2T4KDWF
M"M\EM)3(S'K)ANMJ5%O2@L;RQ>11KQ4@%M5/O!_'&<*3-<B-V5D*F,<#$KNU
MLTQ"VY=\VCGG\(S7)1S$XW5N[?BS4<<UCC%#4P).TE488Z>4>[VZS66[&N0+
MJ6]W<4(FP`^,V3*V%N4%#1[7RKBK3FE@&:I-C"G,AJEN*JE+DC%P.(0E*,DM
MR&2MO+F.:>$.^DQ1"\WWY1A5T(1GW"4)8"9JP04*4I2LT]X7`E<Y82QAU.)B
M/')/N%]PP\W(8\=YZ6SECDU2:W&'HL=D6.:%P#4BR:&,G[N<E+G,PJK(!.]5
M;-F!4SB<ATSE#S#(-1&]'1NC0TAX6@4CF<H+A;)ZPN6]`2$)5/H@E7`9\$*[
M.+8-1ZDSJ;-PZPC+F"`L?))GD,RHB6T@#FX8JJ[?;/!*><[XKBNQS+U!"A\P
M_P!X^PN-*B8S&DI@9UFS(X5,9F6C;_+3,!ER"0]8&/!HRDB2U8Z0<C'%\0G^
ML578VFD%P82"7:/LTH62Z'PPWGR@MA*F589IJ3D=Z.>(EIU-O%PJ#2.J(W=3
MUT*2`@M;U>69"R0X,<L@K,C;EB0=+B.>!NW`LAC7(<JEP@6Q0\=4B4M6&ZPX
M[A4=Q,-$*J,H.K0+'.K;`$SY.+!(E#RKJ283BD27S4(\CLS-$K/5.:2_&P-=
M1)_%0J`%A#R^SC5SQ4M18-0GY7%:`E2`O`K*<QAQ81J#\,$4M2KL'<G(5-IZ
MX*>6`2`[N3\GT5%05EQ"9Y1'G3XN^/N1AA[:=X@ZO"&[7G%-.MIW7%<7>[>C
MA[W=MOP(>X]5E,QXYI3K,708?=!M9R(Q?K!3^8OYIC='RI<I$64?CBD6X[V]
M5YLCI;1OLJ,X<DRXL,^Y+4U2E(2@814*N9_"]0E#?95/ES-A:MW-64HFXA.\
MXPY),]IG'SX:8QAT.V'^[SM%H0S$SQ'S#*/]Z:AD=T^QUGZ1Z\3D<MR(^"F1
MV5YI>0@SL1-2*3KWN^B+E3RUC@R3354]7-;@.N_QE3MFVFIH_HKDEI5NU=6Z
MOG;+:V]Q@LN;LRQ`SD@?*)*/_P"5_#;JQ7!FI_CHFE2<XWV^RK"DKWO1R9\<
M#ZLB=381<>..<5LJW>,RI]QO]Z-R57K%F@<5X_6A@Y$C".W/(N+<4:8S&A$&
MXDEQB+=FY?DL031F0(/$V8$%1B"A;B^NW!;])3?@KL&FS)4ZYFZMF`IB'$LS
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MUE2`!S0/4Q?.I-0&I2V*GKS^<()*`K>KS!!(22D&>4D`D2)`.$2NR;H66T!@
DK+/56LI4`%%.[3+,`2`J6T`D`["8DGICATA:((6B"%H@C__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g614029g80f59.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g614029g80f59.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0H"4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!5@```D<````&`&<`.``P
M`&8`-0`Y`````0`````````````````````````!``````````````)'```!
M5@`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````!V4````!````<````$(`
M``%0``!6H```!TD`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!"`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5))))2DDDDE*22224I))))2'*);C6%I((:2".4/#S!</3LTM'W.'
MB$3+_HMO]4K(U!D&"-01V*2G=257#S!</3LTM'_2'B%:24I))))3_]#TUK\B
MT%]98QDD`.:7$P2W=H]B`[!S'.+OM(&XDP&O@3_U]0N);CUO-IJ;N>R0\MU<
MXGM5=[F[/8H>M)GUW2`0&>H[Z4_^%P[VI*1Y7KXABVXO]CK`6EPT9MW^USW_
M`+[/SU8;@9I:"[(#"1);#W1_)W^LS=_FJMU</:VL/,N&-D29W=Z/SMK/^H6B
MZS)%A`(V21_-O)C2/=N]WYR2D'[/R_\`N4/\U_\`Z75:P9-=WH&POLEK6D.<
MT'=P[4OV?]-7A;EF1H'3#2:W1/C]/Z*J6N+L^ISOI$U$Z%NNOYCO<U)23['D
M1/VQOQAW_O0D</(`DYC1YEKO_>A0;]DU:#6TN=`C[/HTS_T/^FHN.(19[F-$
MZC]7/''9R2F+6Y-EOV??#R7-=N<7-&W\Z);O_J(_[*O_`-.S_ML_^ED-K6/S
MK66MWUN-H>V)EI:-S=OYR:S&KLLW5AK&M.YN_%N)`^E],V,;N]UGNV?GI*2'
MIF0T;FW,+AJT;'-U[>_U7[/ZVU%Q,V[*8&L`;8&ASG.$B#]'VM+??[7?G)L.
MBAC@TL!>UVYA;596T';M_P`(ZQOT7('2'!N]SC#6U,)/D#8DIO[<S_25_P"8
M[_TJF<_)J:;+"Q[&_2#6EI`[NU>_Z*C^U>F>F+/M=(8>';VP=2--?Y*:S*QL
MC&O%%K;"QAW!I!B0=LPDI__1]'._[.UP:/39ZCGN-KJHAQ_T8]S=N]08[W"N
MN"YV@'VBPGSY:?W4>IUU(=4^ES@USBU[=L$$[V_2<US?I;5!W5*FN+35;+20
M?:.1_:24T^L@@,#AM(Q<@1.[O1^<?I*YEU$W"QE'J:#>0QCI$^YOZ6RMWT/;
M_;5'.M^VO,-=4P5/J:YT239MWNV-/T:_29_75ROJS=C?5IL;9'N#0'-G^2[=
M[FI*8U8SP]FZD-`B8KK!@D';N%S]O\M0R?\`E-O]:K_OR-^U:?\`16_YH_\`
M)*C;D6V7.R6UAKFN::ZW'D,_?<W=Z;K/=_Q:2G3?96\EH]6L@EI+6.UX$[MC
MO:GJ=4'0#:[<``'L=`C\[W,']M4VY6$"'^A<'#4`R8)_ZX6IOM.#SZ%Y(U&I
MYT\;/Y*2E\?_`)3=_7L_(%.Q]EKMSZW>T$-!K<##O;_IV^[8Y5*\BVNYN2ZL
M%Q<765-=P'_N/,->^O\`Z:M.SL%SG/=C.<YVCG&MI)`\=4E)\1]K7>D]C@P`
M;/86@?VG66[E5Z-])_\`Q5?Y;%(=0QJ6/^S8K@]W#=K6`G\W>^?:U1Z<S(IB
MP5^I4YC6%PT=+9/J,8^/T3MW[Z2FZ[$W/<[UK0'?FA\`:S[4][=F'8V2Z&'5
MQDG3NG]=_P#H+/\`H_\`DU"Y]US/192YOJ>USW[8:T_3=[7N=NV_024__]+U
M5`=A8KG%SJP7.,D^91TDE-?[#B?Z(?BE]@Q/]$/Q5A))37^P8G^B'XI?8<3_
M`$0_%6$DE-?[!B?Z(?BE]@Q/]$/Q5A))33R,/&918]M8#FM)!UY6:MC+_HMO
M]4JCAX?K_I+!^A_-;^__`.HO_/G_`!?TTA6'A^M%E@_0]F_O_P#J/_SY_4^G
MI@1H.$Z225))))*?_]/U5)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZERO
MZ/9]#Z)_G/H?V_Y"*OE5))3]5)+Y5224_522^54DE/\`_]D`.$))300A````
M``!5`````0$````/`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P````
M$P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<``@`#8`+@`P`````0`X
M0DE-!`8```````<`"``!``$!`/_N``Y!9&]B90!D0`````'_VP"$``$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$"`@("`@("
M`@("`@,#`P,#`P,#`P,!`0$!`0$!`0$!`0("`0("`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`__``!$(`58"1P,!
M$0`"$0$#$0'_W0`$`$G_Q`"_``$``00#`0$`````````````"`4&!PD"!`H#
M`0$!`0$!`0````````````````$#`@00```&`@$`!0()%PD'`P`+`0$"`P0%
M!@`'"!$2$Q0)(14Q,A875SA8>+BQT2)RDM-4=%65M=4V=I:V-W>7M]>8V$%1
MLB,SLS5U.6%QD22T&-FA0B6!P5)B0U-CDS1$)AD1`0`!`@4#`P0#`0$!`0``
M```!$0(A,5%Q$D$R$V&A4O"!8@/!X4*1(K'Q_]H`#`,!``(1`Q$`/P#W\8#`
M8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`
M8#`8%#LDJ,)"2,H!>L+)LJOT?S]F0QQ_HY8QE)FD,*:KW,G95"PEB.DA+C__
M`!'7R*24B0.D0^1``(1V!/*8H=`&],4`\H!U=;3)S;=7"<TA@$!`!`>D!]`<
MX=OW`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`__0]_&`P&`P&`P&`P&`
MP&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!9.QON*
ML7^5O/\`IU,MO="792UM(**(BBJBH=)5(4U$U4S&(HFH3H,0Y#E$#$.4P=("
M`](#FSSID:@V^28*A6K*N4DJ0H)L7R@@4DB4H>1-01$"E>%`/*'H'`.D/+TA
MF=UM,8:VWUPE)(!`0`0'I`?0'.&C]P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P
M&`P&!__1]_&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`
MP&`P&`P&`P&`P&`P&!9.QON*L7^5O/\`IU,MO="792UKD](7Y4OQ`S9YWT(<
MZ9R*)G,FHF8IR'(82G(<H@8IR&*(&*8I@Z0$/*`X$PM0[A"5!"MV9<I9(I03
M8OU!`I7Y2AY"*B/04KL`#_<?T0\O2&9W6TQAK;=TG-)<!`0`0'I`?*`AZ`AG
M#1^X#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8'__TO?Q@,!@,!@,!@,!@,!@
M,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@63L;[BK%_
ME;S_`*=3+;W0EV4M:Y/2%^5+\0,V>=RP.1#G3.51,QB'(8IR'(82G(<H@)3%
M,`@)3%$.D!#R@.!+S4&X?.'85FT.`!_Y$XZ25$I2O0#R%;KCY"E=`'I1]!3Y
M;T<[K>L-;;NDI.@("`"`](#Y0$/0$,X:/W`8#`8#`8#`8#`8#`8#`8#`8#`8
M#`8#`8'_T_?Q@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!
M@,!@,!@,!@,!@,!@,!@63L;[BK%_E;S_`*=3+;W0EV4M:Y/2%^5+\0,V>=RP
M&!^E,8IBF*82F*(&*8HB!BF`>D#%$/*`@/H#@2_T[M[SD+>K6=P`/^@$HV26
M,!0?=`=!&RYAZ`!YT!T%'_\`%^6]-G=;UAK9=TE)P!`0Z0'I`?0$/*&<-#`8
M#`8#`8#`8#`8#`8#`8#`8#`8#`8#`__4]_&`P&`P&`P&`P&`P&`P&`P&`P&`
MP&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!9.QON*L7^5O/\`IU,M
MO="792UKD](7Y4OQ`S9YW+`8#`Y%,8ABG(8Q#D,!BF*(E,4Q1Z2F*8.@0,`A
MY!P)=:AW(+\S>L6MR`/1ZB,9*JB!2O!]*5J[,/D*['_V']!7T!^3Z.MG=;UA
MK;=TE)\!`0`0'I`?0'.&C]P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!_]7W\8#`
M8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`
M8#`8%D[&^XJQ?Y6\_P"G4RV]T)=E+6N3TA?E2_$#-GG<L!@,!@?H"("`@(@(
M"`@(#T"`AZ`@/\@A@2YT]N'OG=JM:7/0\^11BY18W0#OT"IM':AA\CO^0AQ_
MM?0'Y/T^=UO6&MEW24H0$!`!`>D!]`<X:/W`8#`8#`8#`8#`8#`8#`8#`8#`
M8#`__];W\8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`
M8#`8#`8#`8#`8#`8%D[&^XJQ?Y6\_P"G4RV]T)=E+6N3TA?E2_$#-GG<L!@,
M!@,#]`1`0$!$!`0$!`>@0$/0$!_D$,"6FH-R"Y,VJUL<AW@>HA%2ZQA#O)O(
M1-F^.8>@'(^@10>@%/0-\GT"?.ZWK#6V_I*4P"`@`@/2`^@.<-'[@,!@,!@,
M!@,!@,!@,!@,!@,!@,#_U_?Q@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!
M@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@63L;[BK%_E;S_`*=3+;W0EV4M:Y/2
M%^5+\0,V>=RP&`P&`P&`P)8:?W&8XM:M:W/2I\@A%2RYO*MZ!4V;U0P_V_H`
MFH(_)^@;Y+H$V=UO6&MMW24JP$#`!BB`@(=("'H"&<-'[@,!@,!@,!@,!@,!
M@,!@,!@,!@?_T/?Q@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,
M!@,!@,!@,!@,!@,!@,!@,!@63L;[BK%_E;S_`*=3+;W0EV4M:Y/2%^5+\0,V
M>=RP&`P&`P&`P&!*O4.Y!*9K5K6X\@]5",F%S^F'R%2:/CF]`X^@141^2\@&
M\O0(YW6]8:VW=)2P*8#`!BB`@(=("'H"&<-'[@,!@,!@,!@,!@,!@,!@,!@,
M#__1]_&`P&`P&!TW[]K&-%GKU4J+=`AE%%#>@4I0$PC_`+?(&,S)B,=^:Y_D
MD'P_[?-;[YSG7&7/.W5^>OYKKZH/OK8^^<XX2<[=3U_-=?5!]];'WSG'"3G;
MJ>OYKKZH/OK8^^<XX2<[=3U_-=?5!]];'WSG'"3G;J>OYKKZH/OK8^^<XX2<
M[=3U_-=?5!]];'WSG'"3G;J>OYKKZH/OK8^^<XX2<[=3U_-=?5!]];'WSG'"
M3G;J>OYKKZH/OK8^^<XX2<[=3U_-=?5!]];'WSG'"3G;J>OYKKZH/OK8^^<X
MX2<[=3U_-=?5!]];'WSG'"3G;J>OYKKZH/OK8^^<XX2<[=3U_-=?5!]];'WS
MG'"3G;J>OYKKZH/OK8^^<XX2<[=3U_-=?5!]];'WSG'"3G;J>OYKKZH/OK8^
M^<XX2<[=3U_-=?5!]];'WSG'"3G;J>OYKKZH/OK8^^<XX2<[=3U_-=?5!]];
M'WSG'"3G;J>OYKKZH/OK8^^<XX2<[=3U_-=?5!]];'WSG'"3G;J>OYKKZH/O
MK8^^<XX2<[=3U_-=?5!]];'WSG'"3G;J>OYKKZH/OK8^^<XX2<[=3U_-=?5!
M]];'WSG'"3G;J>OYKKZH/OK8^^<XX2<[=3U_-=?5!]];'WSG'"3G;J>OYKKZ
MH/OK8^^<XX2<[=3U_-=?5!]];'WSG'"3G;J>OYKKZH/OK8^^<XX2<[=3U_-=
M?5!]];'WSG'"3G;J>OYKKZH/OK8^^<XX2<[=3U_-=?5!]];'WSG'"3G;J>OY
MKKZH/OK8^^<XX2<[=3U_-=?5!]];'WSG'"3G;J>OYKKZH/OK8^^<XX2<[=3U
M_-=?5!]];'WSG'"3G;JMFX[IHDS69F,8O7AW;QBX00(>.=IE,HHD<A0$YTBE
M*`B;T1'HRQ;,3$I-UM,T,2AT%*`^B!0`?_H#-&+]P&`P&`P&`P&`P)3:>W$*
M(MJK:W(BF(D0B99<_3U>GH*FR>J&'IZ?0!-0?1]*;R]`CQ=;UAK;?TE+4I@,
M`&*("40Z0$/*`@/\H9FT?N`P&`P&`P&`P&`P&`P&`P&!_]+W\8#`8#`8&']Z
M*J(ZULITSB0Q8]80,4>@0'J&_ESJSNAS=E*`>:L#`8#`8#`8#`8#`8#`8#`8
M#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8$GM1[E
M.S,UK-K<B=J82H1TLN?I%$1Z"I-GRAO+V?\`(541\GD`W_VLXNMZPTMNZ2EX
M0Y5"@<@@8I@`0$!Z0$!S-JY8#`8#`8#`8#`8#`8#`8#`_]/W\"/1Y1\@!Y1$
M?Y,")VRN6]2J=X<:CUO3KSR`W2T9MY"4UGJ-C#OW528/.S[C([(N=HFZMK;6
M+-^14%&I)V98O9%$JAV+=T*9RA<LRG_%M#??$(>@1W%\8>*4<R<%[1%A<N9V
MSHNS-"B8P`C+L:CPFOM<;NP``$2M)=\D'3Y%!\N1<-?K_KCZL_$8]S;PK_?>
MWC_X]L&&OM_9ZL_$8]S;PK_?>WC_`./;!AK[?VMBXO/$2M]>DH!?CIPJ;$D&
MZB`KCS6W@Y!+KAT=?L!\/M'M.C^;K%RQ-)K1)B)BE?;^T?O66\1'V'^%_P"]
M_O#^!'.^?X^[GQVZS]?<]9;Q$?8?X7_O?[P_@1QS_'W/';K/U]SUEO$1]A_A
M?^]_O#^!''/\?<\=NL_7W/66\1'V'^%_[W^\/X$<<_Q]SQVZS]?<]9;Q$?8?
MX7_O?[P_@1QS_'W/';K/U]U`L4!S0UJR&9V#Q>K]U@42]K)..,&Y#[@G8=J4
M3"J^7INR=;<?[5/)MTP`3-H%K,R2@CT(M5C>3$7QUA)_7'278UYLNE;3@C6&
MCS1)=BWD'L/)MU6C^)F8&=BU>[RU=LU=F6L?/UBR1#C^K=QT@V;/6JGR*J1#
M>3.\XK&3.8F,X7WAR8'$YRIE,<Y@*0H")C&'H``#T1$1PK"5>VI;=N3,G`\9
MM1VK>X04HZ@['?X^0A*9I2M3+!8[62B7VU+4[:1UEEXAX7L7["K-K'(QRH]5
MTW1$!Z)-UL89R[M_7,XSA#)@Z8\0XPB9/3O#4J9ODB%<\O-U)N2D'RE*X3;\
M&7C=-<"^G*FJJ0#=(%.8.@P\\_Q]W7CMU^O^OSUEO$1]A_A?^]_O#^!''/\`
M'W7QVZS]?<]9;Q$?8?X7_O?[P_@1QS_'W/';K/U]SUEO$1]A_A?^]_O#^!''
M/\?<\=NL_7W/66\1'V'^%_[W^\/X$<<_Q]SQVZS]?<]9;Q$?8?X7_O?[P_@1
MQS_'W/';K/U]SUEO$1]A_A?^]_O#^!''/\?<\=NL_7W/66\1'V'^%_[W^\/X
M$<<_Q]SQVZS]?<]9;Q$?8?X7_O?[P_@1QS_'W/';K/U]UC7";Y$Z52-);^XW
MR\;3&Z?7EMI:&M)]^T&N`0`%5Q9(IM5Z+N>,ATP`RAY,*<K&,VY#*O7#0H8B
M^.L4<S^OXS5D*MV6OW""BK/59J+L5=G&+:3AIR%?-I.*E(]XD59J]CW[-19J
M[:N$C@8BB9C%,4>D!SMG,45O"&!29V>A:Q$25@L4K'0<'#LG,E*R\L\;Q\;&
MQ[-$[AV^?OG:B39HT:H)F.HHH8I"$*(B(`&%8OH]KWMO=JUF>./'N6M-%?@)
MXK;VX[.71FK[`B8400?5<KVO7';=F@W":HJHRS*H*P[Q`O:-';D#%Z>9OB,L
M6D?KUED+UEO$1]A_A?\`O?[P_@1R<_Q]W7CMUGZ^YZRWB(^P_P`+_P![_>'\
M"..?X^YX[=9^ON>LMXB/L/\`"_\`>_WA_`CCG^/N>.W6?K[GK+>(C[#_``O_
M`'O]X?P(XY_C[GCMUGZ^YZRWB(^P_P`+_P![_>'\"..?X^YX[=9^ON>LMXB/
ML/\`"_\`>_WA_`CCG^/N>.W6?K[GK+>(C[#_``O_`'O]X?P(XY_C[GCMUGZ^
MYZRWB(^P_P`+_P![_>'\"..?X^YX[=9^ON_0TOXAX"`GT]PS$@"`G!+E[NTZ
MHE#TW9$5X+()F4Z/2@8Y"B/HF`/+CG^/N>.W7V_MC.R[1NVFG[".Y0:>LVC&
M4K(M(:(V;YUA[_HN6F'ZZ3-A'#L^KJ"-,<2;Y4$&1+?&UE1^N8B38JJIRIC8
MNB<,I<3^N<XQ9M(<JA2G(8#%,'24P#T@(#_*`AG3ARPA@6/L#9%*U;7UK/>I
MYI`Q*:[=D@=8J[E[)2;Y4$(Z%A(IDDYE9V>E7)@19L&2*[QVL8J:*1SF`HO6
M9P=1$SA&:G5F)YD[/:!,:VXMQM/KJY`6B9/E%M=724G.-C&^1=H4>D:[WIL.
MN$4(`]#:Q1,)(E-T`HU3`>MG$WQTAI'ZXZRN7UEO$1]A_A?^]_O#^!''/\?=
M?';K/U]SUEO$1]A_A?\`O?[P_@1QS_'W/';K/U]SUEO$1]A_A?\`O?[P_@1Q
MS_'W/';K/U]SUEO$1]A_A?\`O?[P_@1QS_'W/';K/U]SUEO$1]A_A?\`O?[P
M_@1QS_'W/';K/U]SUEO$1]A_A?\`O?[P_@1QS_'W/';K/U]SUEO$1]A_A?\`
MO?[P_@1QS_'W/';K/U]SUEO$1]A_A?\`O?[P_@1QS_'W/';K/U]W$^G_`!"6
M9#NG>D^)D@V0(915C6>6NU7L\Z`H#T(Q;6R<-*C!+.CFZ.@'4FS2Z.D14#R`
M+G^*>.W7Z_ZQ\QW`I$7./UAN77MWT'LV9%V6MUK9+:'\SWSS>GVK]76FP:M,
M6/7U\%JB';*LF4F:8:-C$5>,6H'*&=1=$Y9N;OUS&/1F?*S29T_N`T<9M5[0
MY$S$PE0BY18W2+4?2IM':AA_L/0!-01^0]`?D>@0XNMZPTMNIA*8)#E4*!R"
M!BF`!`0'I`0',VJ/^[N3&K]#^I^-M3V9G+O='#UC0=7T.O3%ZV=?G\<@1Q((
M52CUEI(3D@TBTEDSOWYTTHR+24*J]<MD1[3!LQ.EM;G3:$@DZ;Q%U'4HI7J*
M-XOD%RJ=4>[@@L4QT^^PVD-"<F*JU=)%``63">4ZAC`!3'Z#"!?NY>K/Q&/<
MV\*_WWMX_P#CVP8:^W]GJS\1CW-O"O\`?>WC_P"/;!AK[?V>K/Q&/<V\*_WW
MMX_^/;!AK[?V>K/Q&/<V\*_WWMX_^/;!AK[?V>K/Q&/<V\*_WWMX_P#CVP8:
M^W]GJS\1CW-O"O\`?>WC_P"/;!AK[?V>K/Q&/<V\*_WWMX_^/;!AK[?V>K/Q
M&/<V\*_WWMX_^/;!AK[?V_1V7SU@2#(VCB=H:S1B(E[:(TKRZG;3>7!.@QC^
M;8K<7&;C[25E>@H`4'-C:%,8P=)BEZ3`*1JR9IGD]KG<LM.4ULC9*!M>IMFK
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MSA`Y545D%TRJI*I*$$Q%$U"&`2F`1`0'I#-I>=WL(P6]J,SR>WU!<7XF7EZ_
MKV(JY-I<C['`+KL)@VO%95:"J.K8>:;B5Q`RVX[$Q?)+/4A!=&OP<N5NH@\4
M:N$N;YI$1&;6RV,YZ-U]2J58H58K]*I5?AZI4*I#Q]?K5:K\>VBH2!A(ILFS
MC8J*C6::35DQ9-4BIIIIE`I2AT!F31<.`P&`P&`P&`P&`P--')+4L=Q+W'5-
MF:Z8$A="<AKKZCMET>-:IMZUK7>,ZU<O:ELBM,FY`2@(+;CI@K#SK1$I&9K*
MK'/4R$<2,DLOW9./&<I<WQ6*]87T40,`&`>D#``@/\X#Y0S1@"(%`3"/0``(
MB/\`,`>4<*QAH'5++F'O*ZS^P&3>;XV<<+&SJ4=1I!LDZK^W]_$CHFT2,C;F
M+DBC6P4?34/*QW<F*A5&;VSO55%RBI"HE'B^<>,9-K(I'+K+=9F;HP&`P&`P
M&`P&`P*3/0$%:H.8K-GA8FR5NPQCZ%GZ_/1S.8@YR&DVRC.2B9B)D$7#"3C)
M!FL=)=!9,Z2J9Q*8HE$0P-*#BC2'%;D"_P".2L@_DM/WRLRFS^,KR6<J/9&L
M5V!E(J'V3I%S)N3&=RC+5DI8XAS!.%S*.35^;;LU#JGC%'"VMDUCC+B^V,X9
MISIBZCYXDP9N'BY@*DW1.J<1]``(43?_`%8A7VX#Z99;@58\X]IQB,U*6HTG
M_P!JT#*MNWC=8Z:7.K'QVR8ADY`Z`;!WBQ2&5-+@7O#6L.F$>W%$#R)GN5UW
M*?1Z(CC%.O5MASD,!@,!@,!@,!@,#%&[-)ZXY":XG=6;3@@G:M.@V7*9!RXC
M)N`FXQP1]`VRISS$Z,I6;?691%-Y&R3-1)TS=)%.0P=`@(:B]5/;O5+)LOC]
MM:4//;'T58VM>/<%6R#)39NOIN+:SVL]I&9M$6[)M(6BM.RMYA)L0C1O9(Z3
M;MP[!%,1VMGE;ZPROMI.&3-^5FO>=Y<,^/\`J.Z6B[HOYF.J5<D)"";L0!>9
ME9)!L8L/4V"1QZSN2L$D*+%@4.DQW2Z:?H"`AQ-L8W=&METS_P"6:.*O'B0U
MI'2FW-O%C['RHW`Q8R6X[F1<\JC743*'D8G2VO'[D!/%ZHUF+D6;%!N5NG*/
M$UI9TF+UXL;,VOI&27N$,!@,!@,!@,!@,",?)KCHUWG78F<JLJE0=_:P6>V7
M0VWVR*OG"D6\S;J&BIP&@D<V+5]S(D1A9X%43-I2..(@";M%HY;E].BV=:<B
M+=M'B98=PU?7;Q]N2N4/8[:0TN#Y$DHAO;6*-BKEHU$>3$.P!\RVC674&#GH
M[,QB`J`=40R^J=:/_]7V,3C)*4\0?4+IX958M<XN\EGD4T-V1FB$G([)XIQA
MI8"F2%8LBUBG#IJD<IRE!!ZN4Q3=8HELY6D?Z3@R!@,!@,!@,!@,!@,"G3$1
M&S\3*04RT2?Q$W'/HB58+];L7L;)-E6;YHMU#$/V3EJL8AN@0'H-Y!P//]P0
MF7L_PZXTRDDL=R_=Z.U6N[<*>4Z[E:BP*BZIO_O**F$1_P!^;_YMGT8W]UV\
MI:B/0`C_`#`(_P#IAR^OAP)I2&T><MB73`99+;.K:+WGY$3&KU;TY7;9$,^G
MJ]H!6TQL:44`.MU`%<1``$3";/\`9W2VL[8;6,X=&`P&`P&`P&`P&`P(%^)P
MB@;@[N]ZJD51:`#6]NBS&Z>EK/TO;E"MM;D4Q*(&*O%V"%;.4Q`0$JB0"`@(
M98SC<8"@EQ<P\:N;TRK-`X_[Q3+TYO.;SN<PH9*+?*$\AB-EA`?]H$$0Q&9#
M,WA<((_]F%'E`2(5]9-E<DK+,.`*':O)68Y*[;<N%EE>CM5BMTNS;(=<QC)-
M4$D@'J)E`,+NZ[=Z.D;-A&0,!@,!@,!@,!@,!@:N/$M!&,G>"]D02*$LIRNF
MZ.+OY(%"URR<6>1UHEV!1*8O2F[F]?1*I@-UB"+8H]'6`IB]6=\)=V7?7522
MCTE*/\Y0'_B'3FK!&[E_,/X#C)O.8BUSMI".U7?7K-PF8Q3HN6M5E5T%2&*)
M3%,15,!`0$!`0R]+MEMSC=NGT["QE;U'JRNPK1)A#0&N*1"Q+%$H%191D568
MQBP:)%#R%2;-4"$*'\@!GG;LCX#`8#`8#`8#`8#`8&G/DVDVAO$-@W;-,R;J
M\\2H%O.G*)"IN4]>;;NXUXYDRI@<[A$-CR!3',<WR`D*```#TZ?K_P!.;\HW
M7AG;!'[<\.%GNW&.L.%"!&2/*KCU)R;=0ACHOD*?M"NWE!BN0ATS'1<OZRB4
MY1'LSEZ2*%.D8Z9Y=V2T_7W1M+>[F+4P&`P&`P&`P&`P&`P(,\8&R5?WUSCJ
M;(YPBF/(Z/GF3<Q4RIM75]X]:%V)8"HE2(0H%=VJVOW)A'I,91<QC"(B(Y?\
M_<Z_9__6]DCKV_FO_>K\AOUK<4LZG*U(_P!)J9RI@,!@,!@,!@,!@,!@>=?P
M]?:5<8OS%:G_`!"@,WCMMV8W]UV\IEF]*;Y4?B8<QF^_AH_=KSK]\52_@[ZB
MS/\`9W2VL[;6U;.'1@,!@,!@,!@,!@,"!WB<>T2Y$_>Q`_CQ5L=8$=ZQ]S\1
M](-_[LN>B<WGGH[$Y_A$C]*+?T!Q&9'5F[PN/:0:I^^O?GPBMLYA.<[O1TC9
MU>;JSZPWWB_0V;)HK'PETO\`OZS/I:G3UT@#HZ@UQ.QU#ITA%UX[>0>RERVK
M?85PQC$%@D)A&$>IM4E^Q7`D6.K#FJ;GRAU+IRJQJ,!8H6%U;I?B/79VN["H
MLGL&>;;OW8O)QFU(QT]HJ=><RFL..S:_5B6DSQ"90290[]BF=JB05D8LXR_+
M7R"YD)-KF>D0-J<(PDQ=8!HM:M*3AII%[8N15!X_Z&D&L1&5F,)98=Q$QUIN
M]D<,@439U]5J4W=CD.9(4AD[=$QM?>NF+S3T(Q5IZ[.P9OCQ)ZIF-=S;A""H
M$UNV&U[-72RW`42$:+CHB#LMB<H=06[@DW&$9+D*B@^E!&$P^-FG-L[HX*=Q
MV#`OC6G=MZ<T:Q,I^@3L$O`:+NF_G\6X=VZJHLFDG%ST-QI/T*B5-N+NP`F1
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M<B>5M:FJ['[(HMD>&K`1[W;Z5<U5.R,9W:G<.T]LW&)JED@HZ5B'TQ==VW:)
MA6BK15^V1/7Y-NGV:KAL3!2.BA\9JIL'7N\]>U*0K%AAJS4M`:VU)([&0HCQ
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M)-$G"I'"KA`O:.(R538VJ<99)7Y/Z>8:RKVVIJ9FZO4[;:G5(K*5SJ%JI-AF
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M(F*80.`E"I$3*.<+XBFK9+D[(:H<V2!;ZI?T70*]%O?J>NH/YW:&]Z5M+<,=
M6IEV#->&J->B](Z[;3XNYE.+54\[B3J@1@[4"57CAZLE0_B"\8)]HY?0]ML;
MQL60U!&12@T"Z,QL[[?,+8+3J=I5DG\(U5FGESJ5;5E&;=,O>56KED4J8KOF
M:*UJG&68*5R3T_L39$OJ>H65Q,76`8VI[,,4H.<291ZE%EZI`7&.=RR\>G&H
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MC9__U_9(Z]OYK_WJ_(;]:W%+.IRM2/\`2:F<J@UR_P!S7O7=QT!5->2MI9+R
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M6SR4+L2Z52-LS6Q.8J'!*H2%&I3JZN7!F0NFE<36,DW=.4TT%Q3&C"?_`/T"
M242IAV.I'<P-L5U:H*\/<>\Q;2'W5RDDN-VKI]I*N*DS;2,=<V$'(6MH!P:K
M%B6#CMB)$15<DE5X^KC>N6L]L6KR5;U.Q>4QU?JGIN6U]LQ*8A9&Q1%>Y";L
M8:FUQ>E:7(P$C&-D9JIM9RXM45'+ITW@HPIWC=JY440:B(9C_P"Y*XO4=F,8
M#4+>7M^J+5+TZU5E;8;>+!*9&5@W-!3;2#JJF5=EVAKZT1TQ$D1;*..\N.XJ
MIE_JG2U2GJZRO*><67V.G`:4MMI2U16[D%L=PTB0K.5VG3JE7I];6&O'LC$,
M&%Z<2=CL):T@\160<>?6RZ1F0)$!8PIZI$:TO##9E`J.Q(@T>M`WB#8VJM/H
MJ06E(R8JLZD$C5K!'O',=$.SLK%7G#9\F19JW71(X!-0A5"F#"+YP/.OX>OM
M*N,7YBM3_B%`9O';;LQO[KMY3+-Z4WRH_$PYC-]_#1^[7G7[XJE_!WU%F?[.
MZ6UG;:VK9PZ,!@,!@,!@,!@,!@0.\3CVB7(G[V('\>*MCK`CO6/N?B/I!O\`
MW9<]$YO//1V)S_")'Z46_H#B,R.K-WA<>T@U3]]>_/A%;9S"<YW>CI&R>LE*
M1L,Q7DYB18Q4:U*0SJ0DG;=BQ;%.H1(AEW;I1)!$IU5"E`3&#I,8`]$<@LYM
MM?5KTT81GLJ@.SS1X=.'*VN-=7-+*6%Z[C8!.,*E(F%^><D6"[=F"77%RL@H
M1/K&(8`%%(B-PU2P[;L.GJ^*LY-T^EQMQN,Q%O(9[!U8\[8YJM5^L3(MI165
M9V>8<5:66(W.U*0B$<H)C@82EPM,*NE0=X4N\5F.M#IRE26\]>K]1*Q'7.6@
M(R4L[VB[+G-7IR4"DWEGC65CKA*PZ3R'[NLJJZ82+,QB)K+=B447H;8-!(]F
MXP]WJ!9*M,E)*QQYK+#%>P$<BX,T5?S;07H+Q3))T0R1E5RID*H`E$>D.C"+
M,UCO"C;2@HN=BGR,,6Q6;8E=JD7/2L`E,6Q#7%UL=)DK'7&D=+R*<Q79EQ65
MI".<-U%>WBUT%S@F*@D*6BZ)#:.LXAU*L)78E%C'T$61--LY"W0#)U#EB(MG
M-RQI5NYD$EH\L7"R+=XX%8"=@U735/U4SE,)*3H6?:&M*2JZ0N6PJ15'#&*?
M3CQM8[5!0KEM"Q<<^F)*66;R+YLLG',(F+<NEEA+V:;=NHH80(0P@'Q1VOK)
M:,B9<U^J+-A.5$E]BU)2>CH=9U2S-TG1K1W.5<,WJ$(W16**SA1,B:`CU5!*
M8!#!2758[;H,I,3D9&6>MR+&LP(3UDL;&X4AW#5],9V:KH,IQ%O95+!$N!DZ
MW(I]NNQ38=HP<H]X[P@JB4M)4R&W/4[-LF/UW5##:DGNNY?8B]VKLC!R]-CV
MD=<F](90;B082CAT:;F9="4[`I410`(5X0R@*IBF`IA5!/Q0/2\$_?N$^!US
M"SJSOM<W=EVW\PI2?I"?*%^(&:L)S1<YL>U1Y`_FAV+^)\QEZ7;+;G;O#>?K
MK\GU$^\VL?81CGG;L9T?CG2J)N_=^_VDM:9R\[Z9:TB[6C8G,$\@X2&U(SFF
MM)AZ@S8U^->Q,>P4L+URH"SET==VN98QA.!1`M<(A@5[X;?&:2JTM3G\9;'L
M)*=O'IHNI]NX4B:?+<B_^Z*YT"*,K%'(G5MD;/*F%C.L5>4F(MN@U7>"5NB9
M.47E+/N\^.E#Y`*ZN>7!S.1LMIW87KE4>6@30*B[.>7J-IH<FW>QUI@+/`2$
M?+5.YR#4PJ,Q=M%%2.F2[5XBBX3J1-$;[?X9?'"].;Z:S/\`:LC%[$/R$4G(
M`]_<%CDC\G*E3JCM)5H\"/\`5"NZ<M*0T78KO'SMPR4560*<6)RLR2B\I7-L
MO@!I_<;%HWVA;-JW5^RTI:M%-YJ8L-<%XA5KQ:*#9[E+,HQI4&M7BI^S^MI$
MQSTK./;Q;B(36:&9"FY7[2T3E*F[^X?R?(S>FM7U]EDAXZT30>X];2D#&7&8
M:;"N%IW)+:WB+(VFA6J3TA:C(ZKIDG!O'S6=:S2B=A=E2,B(BL:+$TCU=:X^
M&MQNO,C=).;"^HN+]9]I6:Q^9;.U@A4]=7C_`!O&-_`1KF)AFKZ&KU0T_%DC
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M]ZC/?K:;9I^O.=G-^4;KOSM@PS??RM<6/?(ZM^S!\E_:TL[HV;PLQ:F`P&`P
M&`P&`P&`P&!![C][:/G9^?+7/P0N,.=1VSNG6-G_T/9(Z]OYK_WJ_(;]:W%+
M.IRM2/\`2:F<JQ[:-1ZIN\VC9;IK'7MOL;>N2%/;V"T4NMS\VA4I>0CY:5JR
M,K*QKM^E7).5B6KEPQ*H#99PV24.0QTR"`J[<UK/6]D86&*L.OJ1/1EMD8&8
MM<;-52!E&%GEZL,,-8E+"S?,%V\U(UP:Y'BP7<E559BP;]D8G8)=4548-(:6
M!&6;AJ'5X(3\C"S$ZB%`JG8S4O6[@ML.NRDLGYIZDC(P%_<*3C)=8#JM9A0S
MU(Q7)A4$M9U5EIK/6[!8KACKZD,ER61Q<B+M*I`MEB6]VZDWKJU%418$.6R.
M7DT\64?`/>CJNUC"<3*G$Q*SJZA]1ZI5K-=I2FL=>J4VGR;&:J52/2ZV>LU>
M9C%G+B-EJ[`FC1BH23CUWBQT%VR22J1U3B4P"8PB*SJH<7K#0W>'%;A]<:G*
MXJ2U.<KPD?3*D0U=<0*DO,T%<6"$84(Q:"6FG[J),!2&:'=KJ("055!,7%SB
M]!:.@"1):[IS55</7VT8TKBT%KFEQJM<0@W$F\@B00-X,J482"?33Q=F1,H)
MMUG2QB%`55.L*SJZ2FCJ$Z@46MM:O;;.(V.(O\O>3B->NLWL*`K["LL[X:0U
MZA6%8^S)UN+2C4QC4VI21H"R3(#<YDC"KKT&@Z`M5&BK-2:=0K33=E0-'M:-
MG7@F-A6V-$L8RNR%"MEBL,^V>SEV?)Q\+%NF<G*+NGAA:MUNU$Y"'`8LQQT=
M'P\>PB(A@RBHJ*9-8Z,C(YJ@QCXZ/8H$;,F#!DV(DV9LF;9(J:2292D3(4"E
M````PCNX'G7\/7VE7&+\Q6I_Q"@,WCMMV8W]UV\IEF]*;Y4?B8<QF^_AH_=K
MSK]\52_@[ZBS/]G=+:SMM2IY>;'O%"HVNH75TH\B=E[:WWIS5=4<L&%:DW98
MR6MB%EVJX:L;:U=P3A[$Z-J=H?MBK%(3O31/K*)$ZRA>'<(^ZFYPR`46+F;W
M"2-S2=P/(7<4Y8(48F/EM9Z0UMO^0U_70V9#&CZ]&N[TTJ)EDU6D`5X>3E*[
M(H,$W92D>+Q9A?MHYS1=+6GD+-K&<C%JW>92DSK;U11+YS75*]QJ#E%;IFRJ
M1K=Y%QT-1*0^CX^9=-W3QHC-OBMFJSP"@H>I1W;1R^>+\>=B;IJ&M[3W>EZ]
MFGLLDL]@O/5>V4GJ%6_LZ4SB5`?$MDA&W!]&U)P+`CPX6=YW8K59%L]5;BF,
M+DU?R42#2%RNFPV-D=R6G+B.EIR13;UYS/;9V7`>I2GN`K$3!!#UU"SV[:L\
M:N%C4A;L$;$DLW16%H5)P84QP?)QRV!.\)ZT9:TDYN\I6^^5:3BHBT0@1S)I
MKS6.LME66UHV*;2A(9S6:^?;,3`RC@ZJ`,K`<[0G;B4#&%&,D>9Q9+9,?/LF
MED+K"2U?K0:%2&<9&RMHVI?.0EHM$CK-^:,91#RT521K.K-/S%D>Q7>E'*=7
MGF[IRQ\X)D9(Q:89XLA/.7<DP1V$HKHR^N5=4:?J6U-C,HZ1A7<C5)*UTV]V
MUOK5S$F.A,S-]0]2+-,(^(;23LR,ZQ4,BFJIW8:E/5F)[N^(:U'5UA:QZ4S(
M[EE6$3KV-AIR,?0\P20KLW=0LREK*)(YM2&-"KSN<</^S.OW!($T&R[Y5!FL
M*9HIP_B-T9\6@O92@3\+7;Q'ZJEE;.XEV)H:L,=G:@VAR`4;32KAHQ55G*7I
M#62MKEVC4JX,X5T4ZRB3CL6SB+3U9PTEMFY[>VQM)XHRE:SK6F4O4<,PI\PG
M`^?([9USBIK9EF:VTK1@K*0UABM5VFCKFC?."R#8\LN!@4'LU,J32(C5CGQ.
M/:)<B?O8@?QXJV.L(CO6/N?B/I!O_=EST3F\\]'8G/\`")'Z46_H#B,R.K-W
MA<>T@U3]]>_/A%;9S"<YW>CI&R3>W=7SNR)+5#^'MT96T=;["5OCZ,F:DK;H
MVRJITBXU>%2%HG9JVBRDZQ.V9O-Q[ER61:H2$:BIW0RY&[AM%CJAG'^'8Y8Q
MNN"!NH_JBUVUT/765F0H"P+JT?CWK*_0U)A64<^OTDSCK`.\KZIL!Q+*=Z%R
M\9-F;ANN*2;TDHO+T25X_P#'J5T@TL1G-TA+-+2E.U=1H)PPI#VMQ-;KFK*0
ME7XB(*P>7BU3$M'.+:_FI\P+20.@<SKE,ZZH@18*DS5B^J<*%*_"0E;?[2/*
MQC"F\>:A*/V]*2C;/(M..3A:PUF/82ZEGDF$35K'L`2S<NQ,Q=.WBSA\B=Z8
MCE,6LHO):U8X-7.N2FJY@=W5QVZUW7-+04JR]9^0+"7-SIR&WVJUGY-@_P!N
M2CHTY/[/W4VNSAR\<R2YK-7&CI<[H_9F;"L8X,JZKXJ/-<6'14XYV(C-%T9J
M$VH62;&GJP3VY12M=J\4H]MCI:VSL>]6;SL`YEFBP,PE&J\H\1*^%NZ>)NJD
MS6K'MUX'M+O-;1L4GL1L>:VNMNYS8G+FF/W2)W.U(K6.M:LMV1+XU5'ULN/N
MNE:FT33512<.IIY+)D:+G[`91>3K7'@W8[NG<6DWN.&=,+JMR>;S)%]5NE9&
M3A>25@K"1B3<J39B"TE9J!J"OFHD?))D;$]3ZJ1$6S46Y2G%?1<]GX6(V]ER
M':SNP$GKWD"XG&+VUKU>56N-9IEUKM)H]\J\:]5OAZZU<2>O:HK"QTA%Q4.M
M'-ET3JE>JH*G=BN6"LSG$I9ULE:_URZ5NOLU-FZIN`51QK<\K#FI>I->WB$J
MVOW2;>[PS1T:`VS?'=]AI`6Q4XV?*0RC-V<I%R5*KHXW<;W^A2*'E;TRO,@;
M6&K-8C)-J>I4W+QEK1Q>9D\W+]>U68)"9L]NV3-RCI0.Q$%WYBB*A2I]43-4
M7/%`]+P3]^X3X'7,+.K.^US=V7;?S"E)^D)\H7X@9JPG-%SFQ[5'D#^:'8OX
MGS&7I=LMN=N\-Y^NOR?43[S:Q]A&.>=NO+`PYR(V)-:BT#N[:M:A'=ELFM]2
M[$O-<KK&&DK"[GI^K5*6FX6'1@X<Z4G*&DI-DDB**)TCG`X_UB8=)REC&8:C
M-=\I^4M-V+J/52%1BZ_I*EV'1>L;S+QFG-H3"C]Q!\2+/R'Y12T>_D9FPV%I
M%Q-DEJS`P11;K."OW#I)8ZH,G:HQU2*5KBIETYD\PZ_K[5-HF:U=Y:Z51CS`
MVCLZM4#6\@-!V0XXT05?UG0*15+E$U^<<NM1[>VW:DKFS=IK(S*56;+,'"KA
M5J95V*1686AL;>6\[[:*@CMJKW'8M5T'R&VWO6*/7="72(/;HCASQ-B+%'M(
M11I`+BX'<?*'9'?JPP_K'AZG"(I&<.G`N'*@B(A3^/&_^0FA*9HO1L)4[C'4
M[5DQ0*YLP8W1UTG9J]*NN*]UY@<B+W'G-6W2C6.V'MR?CZ926[%LEW=1K-O7
M)W*::!&HI$UE>>F^27*>,DJ`_P!@UN4M=M+JSB?5K9MZUZ^N\(SI-HY=W^S[
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M`$FIG*H4V>G<AYJ,OLB@\M\3?%-L$:5YY6[U&,JB&@WVQ:Q"/VM,K3R<\RCL
M)+10R4@1_/L$%V=W.?L55HXC0`+@C]LO1/,>R+6IS5+QL*L0SUJ=&HU6#W9.
MI2,&PV=MG4=:EB/+7(6T9)]8]-:9UQ.6H#*K+I#8+JYC8QV[9,TDSQ<&0;5I
MO?NP=K+NK*C9SZAF.26IKZ6%=;0=QS^IT?753L,DZ8H0E?M[BMOJPKM/7%-F
M&B:""$J=W9)5!TBHE'M9!05A85ETES'0U+77=4M^Q3;JL=#Y`6ZT]MNF4=0-
M$V9>HNXDU/KEE&S-R-79:#UDCN*638ND2K-'$M5(-5RH1LU8J,A6*^C)%[U!
MO>\Z>VY3Y,=A-[O9'L_KNL/8/=#^/KC'3UIE(B@L).(<)6F/DI:Y5G53UU8)
M&3F&S677MJ+E-LJNT.T+@K%8?%EK#DM#R]F39(3[BFS%LW;*P=,0VW(0D?$+
M0T+J75W&.$]5+&Q#;ZGI$:A6YVR3\?`BG)EL3[M^Y*J'<$=C!U-1:6Y55O=>
MN[!L+9=]M=(CYO:KRV'>;`.G#N6E0U9J[2VJ2R5(:V!S&/DMNRK.T;">(((&
M0B)=RW3,FU6((*":46`\B-W;UD.16S=,7+8)6;+:&^:=KQF&UGR%*?+ZVT;8
M^,3>EQ-'5MAJFBDGR44F[<]?OFS(J9X:/[$%E!%4@PP5&[ZIY8MF[J)U/!V:
MJLZ`ML"!U/#QFVV%;UNA0X7B_+ZWT;5C0D!:(IS,1(;4G@L$P]E8U"78RD:V
M0:"K'(-UBC!*+C#K?:FMUMU,-EVNZ6Z.D=E08ZRDKK=W=R?GH=<T_K"EK2"1
M7<K+G@U;9>:U-3SIL!F_0[E5/Z@H`"BM29K1*C"/.OX>OM*N,7YBM3_B%`9O
M';;LQO[KMY3+-Z4WRH_$PYC-]_#1^[7G7[XJE_!WU%F?[.Z6UG;:V.7#6E&O
MTA5):VU]O,2M%D928ILD=R_:2%8EYNOR=3EI2$>1[MHXCY&0JLX^C%5TS%5-
M'OW+?K=BX6(?ATI2FE-0*PLY6S:PH9:]9*'$ZNG8%&K0S>%D]<02EC5A*,YB
MT&:;$U6B%;?*&;,@3!!$S]82%`3CA:SJMJQ:5XYP\)=9BV:ZU5%5V8J=NA]A
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MBJ:3I7FRL+;,;QL@RJM?6BZ9I1I"PCV^&5<`T7CJQK>-L;!@ZDCG(T8-)!-L
MJH5)P"9Q667%]7Z\<-Y]J>FP":-IG(>SV`&L>BS/*62O0E?K=?GW*S0$%O/,
M#!U2,;,7)3%6:)Q[?LC$%%,2BLOR7U9K6?8TZ+F:%49&,UZX1<T6-<P$8:/J
M*B$"^JR1:ZR!L#:);EK,FXC^R1*1(62QT1**8B7"5E:(<;N/P0R-='2VL#5]
M"34F48,]*KZD0G*K:[0U(N_+''8F:=Y7UBU3@CFZG2>,3*@;I(4`PM9U5F/B
MM/:8$B,<QHVN5;[/P$4'=THJ!>7&S@QB*A76RJ@`BZGYGN#-DP0$XJK"4J9.
MGRATC&48/$X]HER)^]B!_'BK8ZPB.]8^Y^(^D&_]V7/1.;SST=B<_P`(D?I1
M;^@.(S(ZLW>%Q[2#5/WU[\^$5MG,)SG=Z.D;,S;DY(IZNE[;`Q%-6N$I1*!3
M[_8VJDX6OG?>N9<+'0]546ED\T32UJV+LFUTV48QK'J-&:;A!$KIXW!T@)HL
M15%V4\0&W2B5FBZ7J.O,Y@S%(U$L%JOLBO7I,EPY7#Q7U#<)>%9TZ)E2TB_.
M&$I:DU"NT#DAHE0#*)I+$?%BTC5)_6O)'UR[O5:[&TH[:NW6K;.M\!8`L'?)
M8E=UW=*[1XRS3U<)!HM8*K;.?RCQW6UE9(TB]8-"G58HJ@_1C:E&+[%S:&/1
MB9&O:Q-/Q%P;RZU#6=7,L/(R:!-XZYT-29^V,DJM+L:13MI6>^*/()VJ\=/E
MXUGVBS%%0K].-BT]52I7+V9V;.:N@M>ZNCIA;:+OD%,,'DIL%Q%,875NB=LU
M_6K;8LNHSH4VJ@;9<=9V,M#1G4!8Q'2:)U>J5PX;U)BE5[;*Y/QNK+KL^OV:
MNMRUO4NI:_O2V6-E-2<A*M]6NX?>;^U3:=2CJD\<G?5A_I8&J2`.A1?GF6P`
MNBN!6ZPI5$_??,K;5%&EVD=/S%:D*1%[BV])ZU6V*WCU-CT^JT.B:]IU&N[P
M],?.*-*7K=N^VK6';GC7*SF3JB;E!P>,<+JEBQ$:I`T_DO-VFV[(KE1JI;+/
M%MN\CTZ-L%[90E3&G\>EZ=JVRR)Y]I0%WU7<67<;]PR;,'*<N04F[V0[\1$J
M3+*E%EU[DG;8NVWZ%K];G]NVS8VV]V2>NZ6O-F@ZYKS6VA)/7_'^>:RMQ-$3
MK&OHVO;3%W.L$WI"%6:R[LY%2D:H-U(M&=Z=R+C[(SY`RTO",JM!Z"DY5I*R
M+V>=.@EXEA6SWV/MQ3IUM",+4+'KF2AYAB_CG<NB8K]=JKV3M@X1RI3)B/67
M+FYV.OT(MOUC%MKK)VK3.M=@0L#9G:9H?:.VJ/5]L3=5HD3(0CI]<6.G=47-
MG.6.1=+Q*'<VKX6H++-5&Q8M&)O%`]+P3]^X3X'7,+.[.^UQ=V7;?S"E)^D)
M\H7X@9JPG-%SFQ[5'D#^:'8OXGS&7I=LMN=N\-Y^NOR?43[S:Q]A&.>=NO+`
M8#`8#`8#`8#`8#`TZ<LO]0?6/O49[];3;-/UYSLYORC==^=L&&;[^5KBQ[Y'
M5OV8/DO[6EG=&S>%F+4P&`P&`P&`P&`P&`P(/<?O;1\[/SY:Y^"%QASJ.V=T
MZQL__]+V2.O;^:_]ZOR&_6MQ2SJ<K4C_`$FIG*F!'N]<I-*ZWE)B,MMH=,25
MI:SM;3+-:_/RL+6'=-U9);JLC.9D8N.=IINHC6<8:37(D"HHD6;)*=19VV35
M+25MGYDZ&4J]VLS:T2A4:+*S$%-LW--M3>61D8#4-6WE/.6\*^CXYW(P-=UQ
M<X]Z^D4S%C4%5NZF<E<B5,127.0Y-5[5.I-/W+D7VM'N>PZ0>>FZU7ZW9YQ"
M$L5>U9*;4V%%`BP;3#QC'5.(@'Y#.7ATR&,B4#&*8_0`I69HJ<KRVT1#,WKM
MY;7W:,YYU74XM*IVP\_*OF%=I-GD%H&O#"EFIR.9L-C0C87+5!5):7E&D4B*
MLHZ;,UA$3+L2W*O24*>WGD+0Y2BJ-2MI;`L5C+!S)ZVUK6EK#'U79KQ&9*R[
MH[]2MAD0:*BF)DU5F[HJ)U!9NNQ%)=Y#DKJI>W1M$,^L+:URUJC:0PB'50LJ
M3A>TR>OKIM0L07_XTQ.U94&A2$BY4Z>Q13%N03]JZ0(H*+6C.9G'Z8J],M\=
M:)Y6(V*6(<T,CC7]^CI6XPTR6BBVLU9A92MLI6<K"3C9,*R4?MDE6X3#]**`
MQI4Y61E3C+,M$V=4-DGLH5!X[DD*I9+'499\:-?-8_U0U"VV:BV>,:O'*"2+
MEW!VRGR#1PF`@H4$DUP*+9RU67$Q1D#"&!YU_#U]I5QB_,5J?\0H#-X[;=F-
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MNH=%&/&"N3U+Y5Q\`9I79&PJF6WG;8=PZ1N+2SVP=!6/9]TOC>7(RLMVI$$1
M]'QQH.L,^[R[*P1-36?+(+K2:+!%$11D'6--W9!;F9IV&5ODQJ.MZ7K%29S-
MVM\&[EIO8U6<J$>V=Q%UN;>H6`E_B[8N+]Q),&3Z/?5EN=)9PA("DUJ32B,T
MS2.94[/2>T0IUAB=G0U+GJG772MMUI.,(IIMODK6$+Z.M*@[V`G2F<]JOC?K
MEBXKDC*#%JS[R45"5%-P*S,(N&2Z[3I/?OG=PI!+;%EWS&NZ/J-?V(\O-<87
M")KU[Y5N=F\LXN!D5[N]L,3'LM2PE?BHL7#Y\Z(WBVZ`+2ZJ)E5Q6%ZVRG<I
MX^.M@4Y_8%B!N56,KBA;@PL=I6TE>+U6;;>)1*+M-MJ%:+(5YFP<0D$*\NWF
M(>">/#LC@Y29MUZF&"V9W5&T&B.RT[UOG9VO*JQU#0=9Z6L+S::K*=L6ZG=9
MV<O.[(=MX2:>.)B3)+WV'BXV#<`X5D7U7!95&0*=NJI%K'2&:W;'?:VDJ-W5
MG.1FQ+?;ZE8=L1,78X"3LU*JMAL"=BV#4*5+6B92KH.8U@<80JB,@4(YHJNY
MBE#+MV1#5,*SHPSQUJUJLW(F?N=RL,C/ET[K^YU2"%G?IFXP=8L>\=X76TVK
M4<[*&F7S&=O6FM?ZQI;*5,L9T#=U)=FB?LD4!"+.2XO$X]HER)^]B!_'BK9>
ML.4=ZQ]S\1](-_[LN>B<WGGH[$Y_A$C]*+?T!Q&9'5F[PN/:0:I^^O?GPBML
MYA.<[O1TC9.-Y7*LXFV%ED(&OKV-D0C*+L#R+CE9MHGT/03:,)59`S]N3HD'
M`%334`/Z]3H#Y,W3!1D]8:U1.Q41UY1DE(N,K$+&*)U*`(>.AJ3(.Y:FQ+$Q
M8\#-(RI2K]=S&()]5)@X6440*F<YA$M9U5V&K%:KBDBK7J]!P2LP]7D9=2&B
M6$6I*2#ERY>.7\B=DW0,^>N';Q94ZJO6.=14YA$3&,(D4KUN]?\`=)-AZAJ=
MW":F&EAF&7J9A>Z2T_'S9;*PG)-MW+L7\PRL9`D$7*I3K)O0!<I@5#K8'?AZ
M?4J\HBM`5:NP:S9DYCFZL/"1D8HA'O9-::>,$3LFJ!DF3N8<J.U4BB!%'*AE
M3`)S"80[CB)@I(TN5W&1+\TI'I0$\5PS9NC2,4FF\61A9<%$U!=QY$IMP8K9
M;K)@5VH(%Z%3=8+>)K/6Z<6E!DU]2"0C>.C(="')5($L6C$0DIY\AHM*/!@#
M1..B)O\`YQJ@!`2;NOZTA2J?)8*OL%$U^V>1KPM-IS>092\],0[H*]"I/&D_
M9Y$+'9Y2-7!F5="7L,LT!^_72$%G;E+MU3'.7K`!+7>OT74&^1HU.2>UEW-/
MZV\2K,*FZK[ZRNTY"QO8-P5D"L2[GWZ15WJB`IG=+%`ZHF,`#@K.KIUNN:V?
MT]Y%UJK54E'M#=\TDX-G6(^/@9QJHR+6I!M*P1X]LU?-UXR/*R4(NB8JC5(J
M8@*8%#"XNE0%M76]N&QJ#%UYP9VXG:N:SLZR6&F%5*?,N*5-0ZR[V+CYD&\3
M+5,674.`)&*R3[/K)%3-@Q0`\4#TO!/W[A/@=<PLZL[[7-W9=M_,*4GZ0GRA
M?B!FK"<T7.;'M4>0/YH=B_B?,9>EVRVYV[PWGZZ_)]1/O-K'V$8YYVZ(7,G:
M3*L7'C/03WB6I*4KL*Z[JV&_@+5-5F23TIQNU/==C6PSHM>G8*0GJ_*7P*M&
M2<:LH+%Y&/W7;`/9E(8L1FPS"<Z]M-J)LF;V%2*%6KKKHW&:*G*,P7?R%DB+
M1LVCUO;6Z8)O7_5,"UUE]::GM[&39Q[!T@Z?N2KM&XO%BM2NXM(U?*?YQ;`I
MD3NA_)R6L)66A%N6=HH,0XCWT0BWK/$5*JZTL5*:QYK0G,7BWW7=KQT=%R"S
M!M&P?:.7()]#5!84R4Z4VLX=W^5O<E>+)/P[;=]WV!)US7MEM"Z,SJ;A9QS+
M"WJMTRI)2JW>1<\L+`"KB(`#$D&JB"C@@J@5?!Z,S5GDAON[.M.PD#7]-)V'
M=+F\VF*(QFW5^KM2U+2]6UR1F;++VBEVIS#6):%W1>(."27CU02F(Z307%&,
M7,HDB)B(JO\`H/*-.PZPY'[@LAZ['4;1LGL8[>:AB.)*(EJ;4:XML^OW9C.E
MF#QEHAK#IZQ5V07,V%D9A,J2<8J`'9=J:I,8Q#$-4Y*\FIY_K"B*5G4+K8-_
MEFD+*3$3%7137M<6@N/SV_;>F(UX:U.'-SJ>L=O25=K!I)FX(D^?S*L88K5[
M'NE2Q:1GT<%N96QIJN.+G7(S4E<K\WN6G:?I+2\6$JTR1X.X)RL[#EKFG"6M
M,M:<P^FZ?,6KS4^3CY*)=-?-[A-R)%5RBCJP7->\RL_6J@]8:Z@;*;;VL]<S
M$=/-9^%G[%!;&F;3=F=Q:TB2L2,]JZ)4XVP3*;:+2RDJ5:TR2\$<J2T6L=R*
M/K#<N=Y3M1T8X8T_63:X\GJ1<MD:C2L3N0JT##5&M^8G$`:Y(3%J2F):R7..
MV)6GGF>*Z\K'1I9ER5N^7CR,'`I%6RS*Y:=.67^H/K'WJ,]^MIMFGZ\YV<WY
M1NN_.V##-]_*UQ8]\CJW[,'R7]K2SNC9O"S%J8$<-3\H]:[=<[Q")3FZO#Z`
MW!8-&W*TW@:Y!5B2OM4CXV1LK:KR:-DD#2,="IS#=)=PX3:%!R8Z(`*J"Y4B
MS%**A1.26O-@[OW;H&("49WG1+BEM+,I*JUQ&*L#NYT^-O(-J<1E8G\])JU:
MO3\6I,=Y8,@9FEF8%%0%@,`IA$L@&V55VT_98"7<'KH5ES`,%)RQ*,8>O3,G
M8(AY.HQ-?DW;TA9.3CXID*SM$"$.B0Y3!UBB(@1<SRQUZ.D&\3(3L,QE79&Z
MC6,>2C%K(.4W;Y*,:*-V:ZY'*Q'4DN1NF)2B!USE3#I,(!@4YY>Z1'Q[N6?W
M*JL8IA*'@WTF\L,0VCV4VD4#*P[MZL\(V;2B91`3-SF*L`#Y2X&(-G<H=4:I
MNNGJ'/RAI";W5/2</7CP<C5EV-?CH>C678LA=+FM)6.+7A**A5ZD]4\YD2<(
MF6*FD`"HLD4Y:5K+*%GV70J?1[=LBPVR#8T>AQ,[-VZR!(-G,9!Q]::+/9Q1
MZNU46`BT<W0-UTO*KUN@H%ZP@`DHLW5.]ZCM2DUV[]REM>)6J`+;H:M['>5&
M)M3BH*MVSIM:C1T%:;(T3@W"#H@]J+CI2-TE5*F<!+A9BC+47,1$XU!]"RD=
M,,C&`I7D6^;2#4QA336`H.&BJR(F%%8ANCI]*8!]`0PBHX$'N/WMH^=GY\M<
M_!"XPYU';.Z=8V?_T_9(Z]OYK_WJ_(;]:W%+.IRM2/\`2:F<J8$3+%PNTO;5
M)LMC"Y2T9//-QKO8!U:W@P?<-^R<7+[8@!8D2)WR#M;V/6`Z3H[@Z#9\NU1.
MFT*V0;J+REPG>%>F+"YN#MX:Y(K7Y'>;*V]ULZI"3,3R'>Z_D]CPSE-=JX($
M8YD-60)FI"@4Z+=AW,QE&"[AJL*RR1M'CYKC<(M/5PTEI%)GKK8FJRMRR[D4
M%Z?M4],3O+9VF[[WWF3FHFDHQHOC"+Q..?/T"*`5XL(B)F%+BN-&M8/8$=LV
M+]4+6W1\IM&2._&7*Y%ZEMZR0UMMT4L=XT<.6,<,Y76)FPL56CE)JW[F94[-
M19NH*K7KO#_5U68=PB)6^`0FNH/4J!Y*QH3J:>NZU99BS0E6<1DW%R,%,1Z"
MTP=JZ%^T=J2K),$Y`SLRKDZZARETV?"C1\4[;O81"Y0;B-CWD9`*QETFB*5M
MN[T=2^/(JPR[A5RX+((ZYH$6D#M<Z[I1RAVBJBA1Z@"LLE1G'[6\#:==VRMQ
M[NN/-9:\9ZIKC"'<(H1GJ`BE8]Q!5Q5)=JX>,FD(XC2"F9@NR4<I&.W=F<M3
M"A@JKNL-2534K6THUD9-R\N]F;7"W34TZ1>2]ALC2FU'7Z$O*.6[5DBXD!JE
M%BVRRXI]LZ4;BX<'5<*K*J"9JR?A#`\Z_AZ^TJXQ?F*U/^(4!F\=MNS&_NNW
ME,LWI3?*C\3#F,WW\-'[M>=?OBJ7\'?469_L[I;6=MK:MG#IA2[<B-/ZZN"-
M!N%K6B[8NVHST(M&L6^7*BSV5<U]>4=V]D86`D8J/;6&Z-5(])1==,A%DS"H
M)"`)L+25.+R>T>HSIKY"Y.';>_--:OZWW&HW=^X.QW%8C535SV;9LZVN\J;2
M\SR2R$>I+)L2+@U<J`()-7!TA25)JG++2MMAZ++MIN;C!V6^*VI$/*U.QEGY
MF.?VY]3ZI9E8B-C9)U"5B^.F!W<,\D0:%=,2JJ'!([5ZFV%)4F/Y@Z2L#FM+
M5NY-#UN4K&Q=BREHLU;V-3X)+6&K8B#5NMV@K!/49G59>+K4_=H!H_54D&R"
M/?SE*=1PB=`!27&P\HJN,Y28RE*^<&[C;%EH.TSVBMW.IO\`7T)3-'3F[;1/
MJ1-@AX65=>;XX()B)TVZS<KJ>23,8%4E4RBF=68F6W->O]?,]IHSQT:+(]R"
M,F9"&GXI:55EIA"OP3:)A9.+9STH\LLV\0:1*#=JHM*KN4",RK"NB!Q3HC=5
M>9=1=)72P71PSK-+J<?R`N[I\O7-C)V*/U3H_8S35BUNDX%O4Y<A5I*UQ<W_
M`,FHX:2B[-JBNV8K$[UW849;<\F=$(R,?%2MV1BGKDD\_`MBK=J@4(9I5H>[
M6.2F;(]G(!BQI\3ZG->3$DS?2BC-K(1S8KIHHLW<-E%A250;\@*$]V)4-71[
M2\N;=<6UPD6[5SKVXP#>%AZ+#4>7L,W8%[3#P0L8QLILVO,BF3*L<S^721$@
M=DZ,W%&:TTTTBB5),B91.HH)4RE(45%E#++*"!0`!.JJ<QC#Z)C"(CY1PB"/
MB<>T2Y$_>Q`_CQ5L=8$=ZQ]S\1](-_[LN>B<WGGH[$Y_A$C]*+?T!Q&9'5F[
MPN/:0:I^^O?GPBMLYA.<[O1TC9DWD7KG9UQN^L[=0HIM,!JBA\A+97&;FYOZ
MDFIO*7HT52]0HN>Y*E*XC'\59+*U=.%``K)-QUNOU3F26BQ+`-CXT;^AH2*U
MI5+==KI6HW6^@HA6\6;=MR2EYNZ,[W#U_DE89CSM+S$VQF9W3M2APK`,A",C
M';Z>=B@+Y<B<A%K&<K69<=>7#7U>.Y"\W5T^O&E+J2.<L=K.9GU"[=VWN/8>
MSGD2PJ]HEFM>GJSIR"C*=7(WM7+<KZ&5DFI5TT3]`BL.BVH&]=J6#>,UJJSE
MJM\U0^J>HZG8@OEI?:[7N&F^/CJ=%1&,<S3N3GIBR<@=Q+PUEDK!'N7;RJ5P
M$55UESHD0%<F:'O'3;=BN-1(>X7VJZF<WJMO;E6T-MVMM<7]'H&K-EQ)7EFL
MU:L#>1>;'VOM.[Q+J658/U6C6&J;`4U2O1ZR(K#LH\?=KH<<]ST"&DY&L;+W
M?NVVR4W;6VQ;$[L,%K6];E90BEBC;*L]7?H7&@\;4D6T<FDY`[YS$-2**MS+
M&3;BL5B>BQ6VD.5,)YQ=,;';'J$C(6`%F*>X98\VQI>TN6A+C=JY!*2\DI%-
MK?4.-]=CHR*FN\MW;>0DI)1F[0.*1<%8JMB3XX\ISB%@BG;>+ME8;\E%*D]:
M[)E952-0W7R#KS^,]2D?+JLX9C<=><:*PK`U,71F\:1U*B=XLT`%$B"L,MN^
M/6W6DJ\DJ_:M@+L*)I"Z/M:0D]NNX-O5CR!OVQY'8+-/8)ZW+1C,];UT-*@F
M+5%8KYBNPG'K587J:2ZCH56='Z2Y.P;O7\2BM+6:OZFL>FF,`\F]O2+9Q:]9
MZTX^F462L(D5>OY'9%LY-)*N+3(R)G@2L(E'(%56*H]79"L,CZ.T?M?7]NT<
MVE'+AM1-8:&:T"RLU;)WUI9+[%0]8-&WZ.:13UB+.PV27M-O):FCMH\82ZK2
M$?E<=YCF^"9C%B#Q0/2\$_?N$^!US"SNSOM<7=EVW\PI2?I"?*%^(&:L)S1<
MYL>U1Y`_FAV+^)\QEZ7;+;G;O#>?KK\GU$^\VL?81CGG;KRP&`P*8E*H+3+^
M$*VDRN8^,B955VK%2",,NA,NIIHW;,)M5L6*D)-JI!*F=M45CN&:2S918A".
MFYE`MN*O\#,7^Y:V:`^]4=&KU(L\V8[<@Q8QFP'5P9P)&L@BLJF>1*M1WPN6
MJ@).&Z1FZIB=DY0.<>JF;BJ%6OFKKS4[NWFWM/EJ\^+96%<1>.9J2AF90D'\
M6P91[9Z_DE9-NT%N+5%%51V1042E,)P#!'HO:.G(>76DVL9)L7SR#=MH^<8M
MW*2C^#D7<5'3K:.FV(&[W$2*\),-'96[DB2PMG*2G5ZBA!$+:M.O:[<;'K>T
M397BLGJFTRETIY4778M&MDEZ1:]<NI%VW!,P/#EI]YEFB93"!2`].<`ZX$,4
M+YP&`P-.G++_`%!]8^]1GOUM-LT_7G.SF_*-UWYVP89OOY6N+'OD=6_9@^2_
MM:6=T;-X68M5D;%E;W"5)]*:VJ,5>[<U?5\6M5F+,6GM92)5L42A:A;SZD9+
M-VLPPJBKUS'I+)%;NWZ*+=99LDJ=PD&HZE>&=MQ?1>OJ1>=N0T1<;'0^8X;^
M&#2D)B.#<W."]1$UL';U,>.&\<WGKEK;5\G::=7EI)DDF0DV5Z8>H1TS?RCJ
M;L9P9QXY^'5#Z<W+&;FL=@C)J?J5YY$W&LK1#:1&4F7&ZEJW3*B:X3LPLO+.
MFVH>/U$AZC&L.U<H.'`O)-545%6Z#43.%%&;^']>"[)7O3C8%&[>3YK;#Y53
M,LVJ\KYVE*E<HNIZS4TY/0SZ0>URT5R:X^PKJN2'>"(@C+]QFF_]8T,T6%8I
MET9(WKP<#>^ZMN;EG+'68RPO^*K/0G'&;5J+6R36B]CK6*^7&1WPS3EA(U7N
M4#:9&LNH$[91!>//!J&3624<F-E2)I%$4;CX5-TL5$BZ=`WW6M0:.N/^PM16
M:+2A+O.,$K#?J_IO5LI:XB0>V)JZ<*K<>]:/J*U`&\>W@X.961CVJ9%%RJRC
MKEJ[[G@7;J3.VVX;4FX3;\1=HOFM1TZYKC4MB7LLM+<O9&F0E*EI$PR\O&U&
M+UOINB1^OVYW`J04)`-"=J?LW2J[(E=,U^;"XT[#@N!%/X2M(1W<MI[VA*+2
MMY[%I\,[9Z_32FKEK**Y*VVP6!=5%S&"[UC(SAX87)!>31H\$S!WE00,*XU4
MW=WAK[!V\&YU!W4P8R%TLW(RU424>1,D[6B'^_\`243QJ@V$XS[<6J59T7HU
MU/QL'&MNU0?R<DA(G,R4;J).%"+HALUU/J'6NCJ3%:\U338"D52)1;$)&P$6
MQC?.#U!@RC59R;59H(*35CD6T>D+R0<BH[=G)UU5#&\N5SFR1@0>X_>VCYV?
MGRUS\$+C#G4=L[IUC9__U/9(Z]OYK_WJ_(;]:W%+.IRM2/\`2:F<JPMR-LUQ
MI^A]M6'748K,;#8T6?2H,:2$<6-!S=Y!DI&5/SG#-6SQ9[`I6!XW/(_U8E38
M%6.82E*)@+&<5R0QC-M\AZYM.(I$1`+0.D$)W<-<I<BMIRSOFL91-,ZWU?KJ
M&=69*NQ3`U<1FN0=U=.XA$O8@[J,"Z%(RO2"J,6D*,SWMR7*:BV::C+_`!,B
MEI360V2M/M9/)_7Z>Q>0/(`=<GM4LZIU7;3$^PT!3*@\E56S>2AAF(R5;.UD
M(\BQSM"TC%85\D]M;>C[<\LL'>B66G:_Y5ZZU\ZFM7S40\C)K?V\DN-FBKIV
M:%38LY)Q6=84N0L$Z=%(K<C.R=*A444R*82/1=MXW=OR"@9^KZ8JERIL94JS
MR:HFM:]'Z4LLJTA9721H#36@X^:EIJKS**RVR;E.EMS9\1-.&&FLFZ!4U'`J
M+OA2%^U[8VU:W>[E'/(N[J5I2U/ZHSVJ]U0[=;-L6N=*:DUV,9`(((UB.:6/
M:VTMS7ZRNX51TP6CBU^+?&(@"JB2A12'7U;N#F/,[<U)6-D51K7Z]*7)U!['
M\V4F4DX4&%&XJ0<ML5PPMC=H#*`9O^5MX2CH%TNNNC)0]<>=D8X+`<!,1C1<
MLYN*[(\B=IM8&(<)4F%LE,U#8KY'4,]IL<`I3=./]XV2#J@0D8[D[%/6YUMV
MNQ\"T>H/F+>01F!*"[KLF!Q3!8&HEN2TIOI"[6RM!6;Y-M]!ZLVA&DJI'5;3
MUW0=/V+:E\M<I9PZ8QB^?;8W$YK$46%=*B_E(@#]#N*8K+(":4]&T7*Y,#SK
M^'K[2KC%^8K4_P"(4!F\=MNS&_NNWE,LWI3?*C\3#F,WW\-'[M>=?OBJ7\'?
M469_L[I;6=MK:MG#I@.P<<->V;9AMLRJD\M;C3%"E3*"\8'8BAJ^O;+B*%!=
MV<1:Z@0-8G=LR]C:H`IUD[$=-V!^J04C%K.3'%;X4:RJ9*PVA;;L]O%U"6UA
M/0<0:P01V3:8U)J\VHJFY,OZE@E#LDJJ1!0T=WD(M&2;%>-6S9=5R9<57)0.
M)FM=82,9*TN1M44]B=,T31K-V+BMNY!"I:U9V=A2W329=5A:=B9&%;6YV!&[
M%TUAS")!,Q$0'K"JF2?#34CRLTJIQ;NW5:)USJBGZ>I!*](PQ#5^KT:V4JYP
M:R24M7Y=E(NUIC7\6$BW>HNHJ7;H`D^9N"@7JBLJU$<6J;`S:=DB;CLII/)R
M^W)T\IY]AEW#B1W3;:'<+:=T1U6UVZ[=JZUZS9L$1)V+>-7<-S%4(<G9BJK-
M^-6NX[6&K]2P:L]7JMI^R5.TTD8ES%$<,)&GR2TG&-S,GL,]KQ(?M'2B:;)!
MB@UCDQ3\W$9&;-#-Q7&JQF7"G3[2!4K*SV[RD.[H6GM:S#:8GF4@:PU336SY
M_:T<SGUEH;MI-6\SEF>M+.<X]$Q'KG(()K'.N85E<]AXKZTLDKNJ7>+S[9QO
MAU`RUR!@>NHJM;%6ZQ1ZA%3\/**UQ>='LX?6T&"D4_=OZ\NM'E44CS'5<"L*
MY,CM=60R6Q(K:#V9LDQ:H:ERM&9*23U@5@G$SDXRGI=<&4=%QY$G<@ZBV9%B
M)BFS5(Q;&,@*R"2I17HR;A$#O$X]HER)^]B!_'BK8ZP([UC[GXCZ0;_W9<]$
MYO//1V)S_")'Z46_H#B,R.K-WA<>T@U3]]>_/A%;9S"<YW>CI&S8'D#`8$3(
MOF+K5Y7;;9I.(MD&PICK9TA.HN&L/).HW7&I[U8-<63;4D>$F9*,9TV4M-2E
M`A$2N59F?9LE'$>Q<E37!$M%_P"T]XU;5=LI<#9I<D*TFX.Y7&255K\C/JO:
MU47-4JSAI"DA)+SNE8W%]V96631NG&2:DFM($9-DN]+I"448)V-S4@J9>HZ%
M;Q<B6&HM;WG>.0\0XK2\W<*+4--U'5EB?/6#B`LAZZBX29[I@I8X=I)&>QI7
M31LGYU3%J`HE%;]J5:E6[7]&EO.:]EV8YEF]581['O'>B0"L*2<<'655;I'\
MTMYY%VLW1%9Z$<B[>@B9HP>KMR41QJ_-;7CYE#RT\$FA5)S7K/;C:_\`FAE"
M0+2G[*VI)4/0$`>"5M4_9Y.T[+;LU2,5VR)F<DK'JNDRMD5R((%I*55%N,7L
M*GUZ[0K>3:Q-FC$)6/1EV0L'Y6K@!%(ZB0'6;K(J@'71<-U5V;M`Q%VRRR"B
M:IR+LP&!JV\4#TO!/W[A/@=<PLZL[[4N[+MOYA2D_2$^4+\0,U83FBYS8]JC
MR!_-#L7\3YC+TNV6W.W>&\_77Y/J)]YM8^PC'/.W7E@,#@HH5)-14P'$J9#*
M&!--1902D*)A!-%$IU53B`>0I2B8P^0`$<#6]7M+['VCL'8>]$HF)AH"\;%L
MKRKZ]VU7K/6SK0]7U=KS5^IKSL&E*1K26M#*IVR+O=A95.73B^]A:V+L[MD]
MC&JH1U7HK^HN$@:[O-,GYB<C+$VUM;X&TUNVR/;RVR)MM3N-,'QBJ-<?R+B-
MCV]2AB5N-<S<T6/6<&G)UUUC"V:@JV7%7WW!Q-NVUKAMFQ.9.CMXS9L'JBB2
M,#(F?R[>0I%2W5#V>\]5VYK?G*J/+QIU@I!R$>W</XZ1?IM%R@P%%=5V*THH
M2?"RQ2MZ=2=U?U"=H%NV7R&OFQ:9%OI&`:V9[L"]5E34UDG4T:HY=6JQTO4-
M=-7EDB/84&W?G@INW1'*O2*I[U!Y:)"N1;VYPD=7+,X264DX2*ES3K*/'O2X
M-$BRAF3`'#@[$$CKE(0R22YCID56(0JRE<KDP&`P-.G++_4'UC[U&>_6TVS3
M]><[.;\HW7?G;!AF^_E:XL>^1U;]F#Y+^UI9W1LWA9BU,!@:WMR<Y6FI]Z7^
MG-X&V7%&@RW%G3[>D0KJJ-6EPVSRMN<HC"A%/7T,,^C.:WI,(68F$E7Z46G`
MOP<=!ERAU(ZB*PHU>\2NO3E0TE;WNL%JK';OT]N3=E>DK->636LJU/3DTHK(
MMX>?CZ[)'F):P:L9N[LP16:L!=UYDX.V%RJW=$;JG'/%9].\5)E8V3&/E>.U
M_A]AV26UG%5"@1$N:[/WJ]ZXW&Y1V)A97-:J[AW6Y_6>M>[GF62+.2[)::B`
M[0O?5NYJG'U7;<O$/GV>H-M;2I6B'+UKKZ9GM0Q!K5L6KQ:$UR;B[EJS5"&J
MO-\2$M)2$`.Y]FK5D\['"[1&1KK\#)I(K1SAXJ<=5J*>)+!TQOOF4L;.1MTQ
MKZ1Y/2*%99OX"(IL;1>$M'I</NRX0$^U@'5E)"67>%@+6XMO*ED7Z\XY.@@8
M&S8XE5..3)NK?$.A]L\BXG0,!IZWLBR%RV;37=PEYB.9A&.=3:CUILJ\/EJP
M+,9,[6J6/;$/4)815(5C9%A0(9<I3&*J3;2*MC>5R8#`@]Q^]M'SL_/EKGX(
M7&'.H[9W3K&S_]7V2.O;^:_]ZOR&_6MQ2SJ<K4C_`$FIG*F`P&`P&`P&!:M,
MH]1UY!(UFDU^.K4$W<.W:<;&(]DB+I\N=R[<JF,8ZJ[A=8XB8YS&-T`!>GJE
M``"ZL!@,#SK^'K[2KC%^8K4_XA0&;QVV[,;^Z[>4RS>E-\J/Q,.8S??PT?NU
MYU^^*I?P=]19G^SNEM9VVMJV<.E`ME@CZG5K+:I9ZC&159@)FP2<DY0.Y;Q\
M?#1SF1>/5VR:[91PBT;-C*&(51,QRE$`,41Z0#57J[8/*#7]35EEH2H/Y]#3
M6AMF[BE9NCW%P>9WOR1N-S]4=5?6(E^10@J'Q]:R<?)S$FFR<!%5(I$NQ$B2
M164=S25X[/Y&\K84MBCM<5VMRQ"QVYYR@7.PZ\LAF-Y;5NJZ4I&K&J40RLD:
M$2WV+R6V=,-(@ZBR@/*A!IRJ:SE'I6?DI#-\YNG=2/'_`'!=J]78.0VHRV]:
M]/ZB@7-9L3:$&;/MYGHVCR=L0&6%Y)5E:TN`EWDFW7:-BP:@+'!'LEA`4BL(
MWN^8?(5Q`;)C4*_#1MQK\_MIA3W7K7WE4+(C&\BG_';5)XR`-*OQE(-![`NK
M-:WJ3HRK"!DH9)-(CF0%5!5>,.[9M_[TC[7+S@UXEVAXW:O+&STZO2%-L4$G
M6*[QY:5;C_5(-S9HQVHBW@[-?[PYMK^;<LY+H@4WYD0_J6[5N14MO\FN4-%A
M[L_I%6@+C&5>#W_LF*MCS7UC10O5!TMHNI.U4:77V=H2ZJULY)WQI$UI1R^6
M/*5YFY=)B[;(%E7@I#K6KEKN]-E+&CZ_#.7%=AN0C>:@2T"W$3DGNE-/`FF>
M5>2PK$JCW9F[IV/<UMDNFLDXI($<JG56D$@;EI#83J*C,-8ZHUEK>*=OG\90
M-?TVEL'\H1PE*/VE7KL="-WTFF[*1V61>)L@57[4`5[4QNO\ETY7,YLB81`[
MQ./:)<B?O8@?QXJV.L".]8^Y^(^D&_\`=EST3F\\]'8G/\(D?I1;^@.(S(ZL
MW>%Q[2#5/WU[\^$5MG,)SG=Z.D;-@>0,!@1RKW%'2=8;PK&,KLFI'0]9UU4U
M(V3M%CF&D]$ZELMHN6NBV<LI).U;`>LVN[2TB0K@YT7+MZ*CDBQD6W8%K+I6
M#CRAL?:$[?\`:+Z/EV4=!TNO:LBX%*1CG50-4=K1&ZPMSEXY=N4EK&_O5+J1
MCMP348G]2B*BA5$WBK-N*TR5PG&+3";T7OJ665%SW4\XV=SLZ^;6MRQN,M?V
M[NW$>R+A6QK*W&==OWA7)SI2BIT0?$<D9,2M165XVS45*N]IK5OLC:4?2M0?
M-9:NIDGIAI'Q,XP@KS66-@CF31XBG&3S:"V3,MA=M>Q763=$!8RG=FO8"N%&
M*FO#K1#%I6VK&OSS,U.@=.5NJ/&UTMB3NNQ&@W4\[U:VBCA+]BU+65+3)E3Z
M"='92+E/H`BIRB*RDXV0(U;H-4C+&3;(I()F<N7#QP8B)"ID,N[=JKNW2PE+
M\DHJ<ZAS=)C&$1$<(^V`P-6WB@>EX)^_<)\#KF%G5G?:EW9=M_,*4GZ0GRA?
MB!FK"<T7.;'M4>0/YH=B_B?,9>EVRVYV[PWGZZ_)]1/O-K'V$8YYVZ\L#"VX
M-R-M3.M<L#5UW97^R;7.56.0:2\-"HPH0&N+OLN4L]CD9YRQC8JG14/17"3U
M\=7I07<MDR)K*+$3$M&%:SS;I]I[PM'ZNVVFS:N=25U15TRHK9Z;8^ZJ+KS8
MM*UBG#+WQ.7&T^I?9D<O(J&1+'0Z:3EP_<MF2(.E!,,?VKFJW-;V+)NTGJ?2
M*,TNLAM6QLV-8L*S^Y5KD/#<>==:KJRLE)HH2+'=-[C;'%-GQ$&SE%ZW9D[1
MJ8LAW449L9\I8M:?I%5D=9;(@;/?*GL^YPE>FX^(C9E[#:OF58N0)&1[R60<
M2DS.-UXQXRC"`63[K/QRBS=(@OCL118$1S7I%C7HU@B6-I<5RRZGAM@-8N&;
M56;5L3W:^TH;5.CJ^T<A.MW<?9KW86$P+)!R#-LV:H+GEE6"C5=)O%HZ=IY^
M:_J4P[K;K7NQ9N=B99Y`3B=72K,E#QTZ&]*'QZK\2C.2%AAF\H\M^QKV5C'$
M;D.8[R+D&J@)N&:R953B;,Y@)O:;L6/U+#3A;<[U)>K#I^WOD(56#G+CZO8O
M2^I5RQ:RLB\/7-G[1GB>I]XLU.A+QL<Z=$)V`MCN1$95=NL\CK-5GUG<79G/
M7NO73=.W]8Z-5B6U2BI9[.:(UT+2PT)ZU5]3352;OFPM1;`>Q#E54Z79I(M3
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MLE.3;62<HNW)E%%W3=P=)8ZA#&`16=7!QQIX\O!N`N](:J=!L"Y0^Q+P1Q1*
MVLE;+U`3<;9HBVSZ*D<9*3L#*R0[:1*Z5`RIGZ?>#"*QC'$5G5]6O'#0#%=L
MZ8:8UDQ<-;#:K8DLQI<`S.>QWBW0.P+A+N1;,4N^N[+?*I$S;T5NT!Q+1#!V
M<!<,FJB0K.KOU_0VEJK:FEZKNK*+#W1@[V*_9VQE6XM*QMGVW;`QM6T'J,SW
M<9`CN^V.-0>2BG:==XNF!E!'I'I%99:PA@,"#W'[VT?.S\^6N?@A<8<ZCMG=
M.L;/_];V2.O;^:_]ZOR&_6MQ2SJ<K4C_`$FIG*M37/\`V1/M]FUZM4D[>1EM
M0<9^2.\Y"LC,3S%[<+Q/Q$#J;2&OH6%K+=Q,7JSV&2L5@DXF$0%)PM/0D49$
MZ3@S9RA)=6^NK(T3OC<=`C9Z'DY"MR%(UOL'3'&2MWO:45+-;9>[O8J1JDUO
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M4GB*O786:M3N52F"U)K(J`L5X!#*(BD8/I9>2/)%E-1%/K*VA[#=)+6-\OK*
M$CJS;II>>DYO8]=I'&R`9(0^U%"L(^[,V%K>V>7;K2\;!LX0[U)5=F@LH<4A
M;SWFYM2<A;38-=05"EQ>:?=6S7547KUJDYA'8^Q-Y16EN.M+N<TWMT.P"4FG
MI'9[E$`UC7M8?N4FAUS=S77<"C+B'(#<I=F;"HDD74,/&Z>DTHVZ3\^WGH4;
M.:Y4$MMU_(U");6^?G(>H1]BO5:K[^?D6AXZ2>Q%A%(6"R;1H`I&"0W'J^VG
M:.F-?["NL0E7[/;80)>5@48E6'3A5UG3D@1::1[%:T)!)FFF!"2+60<L90@`
M[:F[LNEE2<)9FPCSK^'K[2KC%^8K4_XA0&;QVV[,;^Z[>4RS>E-\J/Q,.8S?
M?PT?NUYU^^*I?P=]19G^SNEM9VVMJV<.F/=CL=;3,(6"V>Z@"0+_`,X.CQMB
MG$X>/EVD1$/Y"?;/4E'[%.8@R5M-V:59K]JR7C.W*[3.V%0!+%>BY'-IK#)D
M_DGEC@6D=%NR,)-^YEX]!E'/E2-E$V3]TJX(@S=J)O43%34,4XE5((!T&+TD
M4XVP:"5%9P:[U`K=NC).5US66%!%!O#,6$I+KK*B]ZB:,5&2K5RY,80*@@Y2
M4.)2*$$119VP]XT/78P#!T_+8[7;[6:BTVBUF1KBEIM5S)5).\FK4<2=G8&$
M8R):C#N'_3(/F2/8@F':===`BA:+Y)=J8HQDI-.W5A2-AW9V$O($GXHS&*?)
MJ"BHRDG978H,79%0$HIJF*<#>3HZ<(H[+:VLI&5LT&QV#374O3)9Y`VN-2LD
M2+NO34=7V-LDHJ61[V!V4A&UF3;OW*1^@[=HL550"D'IPM)7`G:ZLLJ\12LL
M`JM'MG3U^DG,QQU6+-BDS7>NWB97(G;-F:$BW.JH<"D3(NF)A`#EZ2/@E=*<
MX_L+965O_CVDM_53T6I_\5(1SR782?R#H?\`X][$Q[ATBM_9J-T%%"B)"&,`
M5MB_8RC1%_&/6DBQ<%,9N]8N47;1<I3F3,9%PW.HBJ4JA!*(E$>@0$/1#`[>
M!`[Q./:)<B?O8@?QXJV.L".]8^Y^(^D&_P#=EST3F\\]'8G/\(D?I1;^@.(S
M(ZLW>%Q[2#5/WU[\^$5MG,)SG=Z.D;-@>0,!@,!@,!@,!@,!@:MO%`]+P3]^
MX3X'7,+.K.^U+NR[;^84I/TA/E"_$#-6$YHN<V/:H\@?S0[%_$^8R]+MEMSM
MWAO/UU^3ZB?>;6/L(QSSMUY8$>[1J.J;AV92-GR5BB;52J90]MZX]130BDC!
M6"6O%LU\6S/)^38V#S5*(P!=6+0J\0X8+(J%D'Z+H3`(HE+6B_W.I==.FTJU
M/5V27GJZDV/(/&2[^.ESWQ-%DT3MC:<8.VTS'SB<?'HM"KMUTCE9$[L']0(I
MB1B$=%:<JOJE-L-Y4RLMDR&L-=U>,5+':ZAX:(UM<[/<]"T&BMXN28+(V^FV
M^U/I",?L5DI964$CAN"1T42IEK*^H_76D-@I-+I"L:W;F3DRY(RPP-@7EHD'
MT6NVAG<C$/(F66C6]A8+U\&2K]L)7Z?8K(&5`#K$,,78#0&G2CVB=#B4'(1-
M/A22#961:RR3.A6R;O=260F&[U*40EHBYV1_*`_(L5\L^=JK++*'.(X*RYO=
M!:8?I*(.=;U86ZI-=)J-T8\K1!0FI;K.;'UR!T&AD$C>I6]6:0E4!$.DSQXJ
M=3K]<<%96L;CQQOI$`^?.J'3:W6J]`5XLA*2CM5E%P%0UA;QVE66CB4DI`J,
M/4*)9F8/VK85$H^/;MR(E(1HB1(@K*HOM6Z_JCAE8YHU+@-9ZXE9;;$<QEXM
MLT2K.QWI;ZK<=GSEVG9EPV!NI#W-P*93-VPQRA%5A='3,FDW%99N:.VK]JV?
M,7+=ZR>MT7;-XT63<M7;5RF59NY;.$3'17;KHG`Q#E$2F*("`B`X1V,#3IRR
M_P!0?6/O49[];3;-/UYSLYORC==^=L&&;[^5KBQ[Y'5OV8/DO[6EG=&S>%F+
M4P&`P&`P&`P&`P&`P(/<?O;1\[/SY:Y^"%QASJ.V=TZQL__7]DCKV_FO_>K\
MAOUK<4LZG*U(_P!)J9RI@,"F2,U#1`I!+2T9%BX(Z40"1?M60K)L4!=/5$N\
MJI=H1FV**BHAT@F0.L;H#RX'=,Y;E4.B9=$JJ:(.5$C*D!1-N)CE!<Y!-UBH
MB9,P=80ZO24?+Y,#&\W!:OM=PUQ<9=]&2%JH9Y::UVNE;7K9%L>[Q#JGO91*
M#83+>'L7G2*=+LVJSML[!$55.["10YQ$+^4EHM$TB5:2CTC1#8CV6*H\;IFB
MV:J:ZR;N1`R@"R;*)-E#%44ZI!*F80'H*/0%FM*A0X+8=AV.U2(EL+8M6J=5
ME'R]BDEU9VKZW>VF2JT5$P<A+J0K)M!R6QY183L6R`JK2AC+G.)B"!?1]M7;
M#@]MZXHVT:PWDVU:V%5H2Y5PDP@V;2*L!8F",I#.W*#-X_;)=_C7*2Y`*L?^
MK4+TCT](`3)?F`P&!YU_#U]I5QB_,5J?\0H#-X[;=F-_==O*99O2F^5'XF',
M9OOX:/W:\Z_?%4OX.^HLS_9W2VL[;6U;.'2)/*/C([Y)$@V"]O1KT/!4/<D'
M'MCQ3F0<1VP-G5Z%H=?V8P42E&37SMKFC25I+'(K(J@$M*M'A3IBRZBQ8FC#
M5TX-6>R,K_$QFS:S$Q=]KG)F#*12B2KAS5GN[*_2-<4:S0AR7=%`UIUKI>F#
M5"/Q(DX48OW!D10!9PFXBU4&T>'M(6>7LT^[V)6#R=[@>3D!=TUZ')JQ\NSW
MM*:RJ53;Q2!;J1S76.K^.FNU*6P;)JJMDPF9!X1,%''5(*J<YXA[1L,K<:D:
MX]@#);E1:QVI+59>&+:MA<E['3'%668L(6[.))\37>E!L-)>2S=2#5:H/6W<
M$`.V,H859KJ?$Z>K>Q).YOK30[!7[%8-E34UKM;7CAA2TG%PU]HS4].?MH(M
MF>QKQ[K;5>F%ZPR3%)L1:)L3OK'*)5".A5CO8?!&S7VOVNMGVG6XMC='?*<D
M\H&O'KM=Q!<A+C0TX*)`A+JQ;)N*9HZJ.Z,LY3(GWJ(D![!-JJGVQE"+E[6;
MAFK8WEHL[FW1![I=^1,-N"WOPK\C&LYJAU>K5:CU/4J+R&L+&RP,)"QVO*U.
M**,7J/?;!")J*EZBACE%54<<-:LJEMX7#.E3(7RFT'3].B9*N2*$90M$U>EN
M:M:]<P#]&<<6"!D[TI>KN8\VS<@Y;$L#<5DGPLC%<U*I/ZPJ4C0]=4BG35A5
MN%@KM8AHRS71S',XE[=[4@Q1]5%WDXZ/`K-M,7*P"YDW@$Z0%TZ4,(B(B(DE
M?6!`[Q./:)<B?O8@?QXJV.L".]8^Y^(^D&_]V7/1.;SST=B<_P`(D?I1;^@.
M(S(ZLW>%Q[2#5/WU[\^$5MG,)SG=Z.D;-@>0:I*]SDM[2_W"9LJK%UIJ#L_-
MNTK.'4`G`KHZ`X@!%46<L-,L$@[B(V]70^Z6TB04DE%&8U15!RJ*"B:;F0CJ
MF'JE<GRVJ@O8&+<ZWVQ'RLU9M85=S%O8NDD>UUWN"P.(>C+SI$KXLF4[F(8N
M9U_'M#.YF'@4`=/V387#1-Q4HMC7G.S4FS9MM7:[6]CDEIJ$H$[3&S^+JI/5
M\VV7.;FBZLE4E&5R?)KJN(;0=FL"BCL6;8E<9><`5,D)NJ*>JDQG+@YN33/5
M,I5[NT@+:75VM8&(4K]:\XTS>4_K/<^_KK$7R41M*A2L8S3%,A5P)%^=0;.W
M9NV$B3ALH>+3"J[=@\T=8:WV!8M>S5=O[YU5)8(&?L<0PJJU7CIGUC+QR'6C
MW#I_<(Z53.RUS1E5G*AF8(-%9!D98Z;94[A*I1]+/S.UE4NZJRE=O_FXJTM'
MV&7+'5AI&TR<K^A+!R0L4%9E):W1JX.:]K6!`7SIBF^C&LF];L5'0.!5*B**
M##<[M43$7<WQJEM"(?415^>?KTU"U9E--H:"TEKW?MLLZXDN2\1%UZF4C:<$
MA*+/W;-1O,2"+`J9UUD05E5XRNDG,35[>74B[%$W2F-XJMS5HN<W;&%>C8C7
M4=5]/TK=]L/=10L[R28-*K3-A1";^0;-G<0C)NRLP=F6`0RI1]HKEM294VO@
M&D[-B0VGLH^L*$K/PU:A&UDET::PO3F4CGC^W(M%HMM"*R!3(`?SL+N!E&Y6
M1E69RB*)481JV\4#TO!/W[A/@=<PLZL[[4N[+MOYA2D_2$^4+\0,U83FBYS8
M]JCR!_-#L7\3YC+TNV6W.W>&\_77Y/J)]YM8^PC'/.W5JPNW\?`3C^*BG$[*
M,H>3=QL&T<MV;J9?MF2ZS.*;/';AFT:.)%P0J)%%54DTS'`QCE`!,`:PJM4.
M;L;)Z2))S.P'$'$/N+E2VB=&4J0O9EY5*-L':_([;D@B]GNR7A-CW1Q!4<8U
ML'>4C&<.4T1,!5TXZPQ<)R&YDJN4K62J[#L4M27W*W9]!8C=XN,BYJP^I>);
M\>:+?:6C>*_$OV\>MM.<B%VI'#F(D']%;2;8&36125*,%>6JO(P]Y=3$W3=G
MWFOZTO\`:=P:P3MT_2'I[<M2>*4'2:;7)..C+*R80TYL+=FSK3-G13;,(Y@X
MAV:3<K1)NDG@PU90GM>[=UIH;B_J[4Z=N<+:^-6B;0F:^^A&%HE*WK?4ENFI
M!J4TD_+'/K)MC9L1$QINW(Y;=K++.7)#$2.4PZS5AN+:<YZE#I5>R1E]V"YB
M*1&HO+#7+%2F+;8%UH?&>E.VL8E*OK4SM%)B-C[VLLXF_D4>HY*%1:$[54)=
M<Z@P?K*D\P(NQ@9(VQ3*3#G0>H[;>9FP15F5<:]I''9_:[3>(6F1^SX&)@;3
M>>15F/7[-)1BT>Z(P9]LR<AUB23`5A>M@UURA<QNS%&UUVP\2-MO0VMJ#&C.
MT=&0E=(Q:^BF.\]MV$$$8U@UN5F%O=3M4F8M6I"B@?NA6ZYR(C"K']\K/*[:
M["S0UKINRFU5V32]FZPV'52SM#2@FL+M/D'KR@-$*Q%Q]M0'O&KN-*-F>MYD
M3D/./)A1RX40[O'HM!@F/J)#;*VU=X2EV0GV6OW4M75-4,Y9['H%81HPR,)8
M*Z>!CW+]F8D=(55.=8RC<Z`.&EK[@Z2,^C')\J33#5)'"-.G++_4'UC[U&>_
M6TVS3]><[.;\HW7?G;!AF^_E:XL>^1U;]F#Y+^UI9W1LWA9BU,!@,!@,!@,!
M@,!@,"#W'[VT?.S\^6N?@A<8<ZCMG=.L;/_0]DCKV_FO_>K\AOUK<4LZG*U(
M_P!)J9RI@,"$'(_6EGWAN76%`0A2$IM3UAN6\J72>KCN5KE5VI;&E?U!0YZ'
M[]"R%4L=OK>N[I>E4HERL@<#.FZQS`CUBJ%C"%MEX0QC">G+8R0I<O(/MP4B
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M<;'*+,7+EZK)]D1ZLHF(JV"U:`8U2L5RKQC5HQC:W`Q$!'LF":B+%FQAX]O'
M-&K)%55=5)HW0;%(F4QSF*0``3"/ERN95[`8#`\Z_AZ^TJXQ?F*U/^(4!F\=
MMNS&_NNWE,LWI3?*C\3#F,WW\-'[M>=?OBJ7\'?469_L[I;6=MK:MG#HP&`P
M&`P&`P&`P&!`[Q./:)<B?O8@?QXJV.L".]8^Y^(^D&_]V7/1.;SST=B<_P`(
MD?I1;^@.(S(ZLW>%Q[2#5/WU[\^$5MG,)SG=Z.D;)[/'+%$&[9Z\1:&E%C1S
M(BCP&:[QV=JY<BU8'!5%=1Z#-JJJ!4A[4I$C'#H`HB$$?8?B/QW@ZVE46>MV
MB]>;4Z=U\RCYF?MEB\VTFUV%E:[A6(IW8)^3?1,/=;#%M',VDV52+,F9-BO>
MW(V0*F6LZKJE>/\`J2;N+B^R5666M+JV0=\4?I66V,VI;O6Z@O0(>WMX9E.M
MX1I9FU*7",.^2;$<KLT&Z:IS@V;]D*RQ[%Z6XI0UBKK6"84V&ME2D*5K^J-H
M6^2,78JW,:QU;8HFHTZ`1C[,WDHF9@M.W"3*=DW!-RX@GZRCDBJ!Q/@K+)J&
MBM3-K7'WA&E1Q+7%VZ5OC*9[Q)"X);IFC0VM'\XLF9\+9V[-0Z\PC$@6(HFV
M;,T01*F9,I@%9=&<X\Z:LCBWNYNCLI!Q?B78EP55D9PAIPVQ:36-;7!PZ[&4
M2!-[*4*FQL21=+LUF;%MV38Z)5%>N*RLJ?XT<9IB5>5^RU6)>R5V)?90:I*7
M6T"G+M;97XZI[,7AZFM9P:(QE@AU6Q)HK%LFW<.%BN'`"Y5[4PK*K3W%'0-F
ME++,S5`(ZDKDCL)K:W*5EN+'U0,MJQM2B;]'2J,?86J#R,GVE#A3"V.44&SB
M,;N&Y$G"150%96-3N-U#E+3L^VN+L38E-VG5K[JN_4IO*SDC2[)"O)&.K["&
ML<6I=IVJ)SFMZ;"*U0KB,CHA\[9*JA*&=.$TCI"K+D1K?4-F&NV*-$EU"G2:
M;2*F'5[LEW1+8:+*3$:FK-O)*QS"-CM-0G%':(.),7;]@]1Z.N19N3LQ669,
M(U;>*!Z7@G[]PGP.N86=6=]J7=EVW\PI2?I"?*%^(&:L)S1<YL>U1Y`_FAV+
M^)\QEZ7;+;G;O#>?KK\GU$^\VL?81CGG;KRP&!@26Y/:)@WSUA)[`9H&CUDV
M[I\E$6-Y!E74V%%ZG[)*QLH9Q`.CH[,F$8)4$G)^PDP504ZJC=<$BTE9]XY:
M:\CJ!'VC6CQILFPV:R5>G5"LHEL,0#B>MFXVVBF"]J=!6Y%Y2(%OL(7;07LD
MU00<*QSE-$YS)G$HI+.\YL.G5R99UZ6F"HS+P8$`8MF,E)*,B6JP)U2L+S1X
MQF\1@&ECL9S,V"SXS=)XN@N5(Q^[K]F1A;6')^EVZH:SFKF^@Z98]MD6FZ96
M&<D_L7>:38)JU&U99Y"10AV80C+85+KP2#56029MU7`.6R!U3ME.@M,U4/RP
MX_)BB)MAM^R=N(1M'.R5ZVJ1\PI9JI:+U6C0,BG`&83S>Q4VFR,FP59*+I/&
M2!543'*L@*@I*LPW)#2MA=5AE"7AO)N[FK4$*HW:0UC55GE[YKFR;=JK>-($
M/TN'$EK6H24R9,/DVS-H8RX)&$I3"DJKJK>NJ]V,PD-8VGU2LU*M3KPW6-"6
M.#!]3=@I3"M+M,:6Q1$0I*0%B&O2";=VW!5`R[%PB)@514(44HRWA#`TZ<LO
M]0?6/O49[];3;-/UYSLYORC==^=L&&;[^5KBQ[Y'5OV8/DO[6EG=&S>%F+4P
M&`P&`P&`P&`P&`P(/<?O;1\[/SY:Y^"%QASJ.V=TZQL__]'V2.O;^:_]ZOR&
M_6MQ2SJ<K4C_`$FIG*F`P&`P&`P&`P&`P&!YU_#U]I5QB_,5J?\`$*`S>.VW
M9C?W7;RF6;TIOE1^)AS&;[^&C]VO.OWQ5+^#OJ+,_P!G=+:SMM;5LX=&`P&`
MP&`P&`P&`P('>)Q[1+D3][$#^/%6QU@1WK'W/Q'T@W_NRYZ)S>>>CL3G^$2/
MTHM_0'$9D=6;O"X]I!JG[Z]^?"*VSF$YSN]'2-E^\I'F]V\Q4W&F8*6F1K&J
MN2%_:HL(NOOV<ON&%HT/4]'4^2=SL>\&*).35]DGR:R)B`)H@07*HV[4`BQ3
MJP='CS1BF-QK4C8K_:95#D)K^(K5A7JM1A&4YIZ.U[IBA[&?QTO#U]P%<?K7
M^S66^PBC]HZC'*=?1AI!R=)R^!28K_Y6FY><R$*O=HN+9;H:6"XK;$N\%+>;
MZK(OV<MLK?KJH4>'3?/T_-M5C.-VC&T7(+1"J:)+0^<BJB)V;-\"I<%4F*GO
M*-EK#LZK:KEY_84=8>:_("MQT\S!K#2FXXR.A..?%U223\\,7*K1SQN3=LE&
M1%4';L?DD#$2."Y28:Z,U5BM<DY._P"KXE[M[9`:^4KNPMB;!M*M'U_6W;J9
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M01;5\8,8ZAC.6E(/IBOA`[%85*<>Z:GMT#W"K.W47;K`WY!\AN1UGC^^-FKA
M=EM+;5H@:V^245%]%LV:G9)(.7A"*B:8KRT[%\D:VVU_7I&,M]%JM>UC6]Z7
M-A7:I&3EAVONW8=SV)M+D347DG,K*0U7[[;'K1HR9KK)2`MK`],1NJZ[N_KY
M9IBEQQN+M8-<K#N1^^D[D2XW-@24>-21A)RNP<^[KU9MK2"-$Q#^KEOT+$HS
M[F(<$4+$OY1PT:'\W(LR$KF:=$,O%`]+P3]^X3X'7,+.K.^US=V7;?S"E)^D
M)\H7X@9JPG-%SFQ[5'D#^:'8OXGS&7I=LMN=N\-Y^NOR?43[S:Q]A&.>=NO+
M`8$*:KP6UE6E];'?779UT9ZQ@-*UN*B+B[H#V*FF''V2ND[JQ:Q-HG7D*=:0
M@;+<@E5%VAV1W<I$Q[E?KJHJ&6+5\=:\$=::N]0:4+?]MRK.AK:P>HL9^5HS
ME&S2>J*[>8"`D;6YC=?14D].^<WYY+NV[9=HQ+/)IR+5!JY,X.N*RS\MIZ/"
MX;&NL5<;K7Y79\!!04\G$.*R";%2M1$W#PDS`/Y&KR,_&2$>G-BX3;]]4BRN
MT06!H!W#[O8JPN?A%J@(F[PK2:N4>RO6BXS0#U5H2@&E8*I0U!L>MHR4J4\[
MH3J=KLRRK5F7!-L@Y\PD<E!8(T#JNA<"JG6G@MK6Z.;V_LU[VG*25\B+TT6D
MCN]>(.JO9+[HV!X\/M@TPK77*+6"N,%K:&<(17]6K%LEIB0$&1DG`(IJ'*5M
M[5X9(I0=ZN>F[-;VVXF]9N2VHF$I,5EA2*SL":XXUKCA6Y59)G56<FC$P<'4
M&,@<"NQ7*X4?)I&!H[.R$1/_`!*/5&G*AJ*,495DLFNLYB:I`'?S2S!9\VK5
M&@4*Y3*HQ1BF4;#Q-<J\4F<&S-FW1;@Y<NG1@.Y=N5U1,U98PA@:=.67^H/K
M'WJ,]^MIMFGZ\YV<WY1NN_.V##-]_*UQ8]\CJW[,'R7]K2SNC9O"S%J8#`8#
M`8#`8#`8#`8$'N/WMH^=GY\M<_!"XPYU';.Z=8V?_]+V#V&<2A?$1TNP?IE0
M:VSC7R4KL4_46$@+VE"\<:+6R@$$>Q,59T_J]7FGP#VA1(E%J=!3=(B3J<K2
M/])XYR&`P&`P&`P&`P&`P+>MUIA:/5+/=;([*PKM/KTU:9]\;HZK*%K\:YEI
M1V;K&*7JMV+10X](@'D]'`T(\%8&1K'$7CM7Y='N\G#:;UK%/T/DOZI['4R%
M9ND_DRD-\@NB8/*`#Y/*`9O_`)MV878W73ZRED;TIO\`</Q,)#I>&W,L&FY.
M<](45$L\?8.HMH]U4`$S&K-MUBAK^+<H%$PF72\^:ADR'4#H`I@`H@'0`FS_
M`&=S:SLAMJSAT8#`8#`8#`8#`8#`@#XH$E'L^$FW8MXY*BZNDCJW7L"CTI"L
M]LE[V[1*O"-4$E5D16`KR3!9?JB(I-4E51#J)F$+$5F(]379@>NIF2@XI,P=
M!BL6X#_O[,N;SF\\]'VFP$8F0`/*/=%OZ`XC,CJR[X6$HQ=\.*S!MUNM(TC:
MW(^H3[4X%(X923+D)LR39"X2*=0$2S%<EV$FW+UA$6CY$3=!A$`PN[KMWHC*
M-FQ/(&`P&`P&`P&`P&`P-5?B9/FC^T\%Z8BJ)I\O)BT;0(S*4#F-5*7QPW;0
MIZ0.'7*<B#2P[DA$1.`&`#NB%'TP#G=G="7=ESJD#H(4/YBE#_T#-&$YHX\N
MX9]8N->Z8",2%:1F]:W:(8I%`QA4>25:DV;4G04!,/776*'D#IRQE*VX3$^K
M<IH6W06P-&Z:O=7>$D:U<]5:]M5??IG2.1Y#6"I1$K&.0,@HLB/;,W1#?(G,
M7I'R"/HYYV\X8,L8#`8#`8#`8#`8#`8&F;DM)LI_Q%64<P/VSG77%2JI3JB2
MA3HMW>Q]H7M]'1JX`7I2?H1]"[R8G6$P(/43&*4%$Q/I^O\`U+F_"+=U^YVP
M1NWS924JU\;;BY,W1BX#E#Q\\^.G13BW80<_M2LU&6E53$41*DA#L["9VJJ<
MX$010.H8#@3LS2[LEI9W1LWVYBU,!@,!@,!@,!@,!@,"`G$Z:3N.].;]U8HB
M2%D^2SRM1K@#F53=N=2ZAU!I2SJIJ"DD`]A==;2;<Y0`0341,3K&$HCE_P`I
M.?V?_]/V!<X]076V5VG[6U(X:,-S:-M\=M'63R0[P$4XL,(SD8Z0K,^9G_SA
M:K?ZG+R5>EQ1`5R1DJN='^N*F(=1C$VRE>,UZ,P<8N4VN>4=+7G:H+NM7>LJ
MMXC:NH;.=LVV'J>VG3.*\!:XI-0PJ,W!T5%(R6;]I%S3,H.F2RJ1ND.<L)S7
MUZ)+8#`8#`8#`8#`8#`TH\^^347R`>2/![1$JUM3&7F$(CE9?X1V=U`5*H1K
MMB^E=&1TDV(:-G+GL8$QC;&@BNH6#@#/&[H$WKQL5/NRWE-9[7-UW&/R7U`1
M24)#Q\8D``1FV21\G\HD(`"/_IFLYL95C(B'=[M-VXI[^JG*^AP$I;X!O$/:
M-N_7\$BV6F[SJB5=LY)RK7$G2[5LO>Z#.,49:&*JH0'2??HXITO.1E2+[>5L
M4C&&EET1,Q.4MZVHMPZRWS0(':&H;G"7NC61N*T;.P;D%DR+I]!'T3*M%"I/
MX.PP[GK-W\:]20?Q[HAT'"22I#$#!K,49*P&`P&`P&`P&`P.H_?L8IB]E)1Z
MTC8R-:.7\C(OW*+-BP8LT3N';UZ[<'3;M6C5NF8ZBAS%(0A1,80`!'`T$;IY
M!I<]MZTJ)U<LX=\5M`69_9F-T)\A%[XVV2/D:VTM%<$#`+_5>O(J2?I13T_2
MA/RKTS]N46K&/=NM?UV_ZG)Q?-(XQGU2B23*BDFD4.@J9"D*'^PH``?$SJ60
MJF59)1(X=)5"&(;_`'&#HQ`B;J7>Q^`>_P"Y.K\20-Q9Y`S43+72?:I*.F^E
M=J,X^/J[39TDR2`RPT&VUJ.81MC<)%.:)-%,GYB`U\X+)<_LMK_ZC[M;+HIP
MG/HW_P`+-0UDB(NPUV6C)Z`G(]I+0LY"OVLI$2\5(()NF$E%R3%5=E(1[UJJ
M51%9(YTU$S`8HB`@.9.U3P&`P&`P&`P&`P+!V?M/76EJ-/[*VO<H"A46KLS/
M9NRV-^DPCVI.GJ(-D>MTKR$I(+B5%HS;$5=O7)R(H)J*G(0P:*JI>K;RZY!S
MG*>TP$W4*-%UT^O./U%LC9%I/5O7*DDC,3-HLK%,ZPQEUVG-,VKV09]H?N$?
M'1C,_P#S#9P8^UEO&)F<V=]T3A&4);Y62BV&)2G(:0BU@`2/&RJ/E_G.00#X
MN6)5BK@?R:C>,-A_[+M]RR%8I;NT21^+&R)M<S>MJM+1).IE?05DF%R`S@)R
M#FWCD:DHZ63:246NC$-Q*[9((N\K[>,UCMEO;=RC\H;R\X4P&`P&`P&`P&`P
M(W\GN4^J.)VOC7C9<FNO(RBJ\5K_`%Y`%;O]@[3MA4.U;5*A5XZZ"LI)*=8I
MW+@YDF$8UZSM\NW:IJ+%9X1F?_&HOCM7[[.2>QM];?*S+MC>=K7NMK;,%5G,
M976A6+&$J-%@G+DH.%H"A4Z*8Q3=0P$%T=NJ[,0JKE4,WB.-M.K&ZZLUC)*C
M#A@'?^O$-X4J?TRSB36"4MT*_CGC-)0Z2<9%2+59HN_>.D1*JU4ZBHBW`ABK
M&4`#%$O5ZX6*4FN2Q,Q2F:7_``HY:2-J;1?&GDC+,X'EA0XD\<N>1`(QIR`K
M-=1;M4MNT0ZB3=@^F)%H*:EFA&IA<P<H*Q@2\W*LG*^%T<9]'HC&*Q_^-C>0
M,!@,!@,!@,!@,"#/+[EXUTRU0U'J0(V]\K=ALP9:ZU^D!I-I2FTD)VGKN[;2
M9*`K7-:58PBN!5C(N9YVF2.8]954ZJ%B)F:081%9R4_5G&%?77"NX:,A;+8X
MZR6;46P8!S?VSA(EU5NEXKTZ:;V&9\*0H#<I.US;B757[/J#(*F/U>@>C+-*
MQ'1,<;NK_]3WY.&Z+I$Z"Y"J)*%$IR&`!`Q1#H$!`?)Z`X&O??'`2C;*M3#9
M51?S^N]HPB2Z,#L37MCFZ)>8ALY4[=S'-;557L7,*P;U<H&<QJZBT:\$.A=!
M4ODSOE$]T5<TF.V6(#Z5\1V$*G&PG-2^2#!L42(KV75W'&=E`(!C`FDI*):8
MBEW::275*!W(+NCB`F464$?(I9K)6[XP^?K5^)G[L:<_0OQY_9;EI9K)6[XP
M>M7XF?NQIS]"_'G]EN*6:R5N^,+>M5'\32N0,E,AS#F%!8ME%P(KI?CUU#"0
M.GH-U=7%-T#_`+!Q%MDS3E*3=='^81_]6/B;>ZV>_H8T!^S3.O';K*>2?B>K
M'Q-O=;/?T,:`_9ICQVZR>2?B>K'Q-O=;/?T,:`_9ICQVZR>2?B>K'Q-O=;/?
MT,:`_9ICQVZR>2?B>K'Q-O=;/?T,:`_9ICQVZR>2?BH-AH',G<S,T)N_EQMV
M<J;I,R$C5*BK3=.PT@U5[,%V<BZTO3Z!;)B/>))`5PU?2KMHN4RB9D^Q4,EE
M\=D9U)_9=TB(9VU-I6C:=K[&O4^$CHEDP0*@W;Q[-NS:MTP$3"1NW;II))$,
MH83#T`'281$?*(Y9GI&3.=:XLO9$,"G2D4QF&:S"00(X;+D,0Y#E`P"!@Z!\
M@].(FBH7R7%*;I5SE-D\>=E7G1UVF3$4FIG6U@4@$K&=$G9MS7&L+MY&CWL[
M1,`*@:<BY$6Y0Z$Q('DRS%MV<8NHNNMRG!=@VSQ,D`(@ER\F')$4TD@<O]-\
M=E'KD4TRD,X=G8:GC&0N%S`)S]BW02ZP_(D*'0`<^.W677DGXP_/5CXFWNMG
MOZ&-`?LTQX[=9/)/Q/5CXFWNMGOZ&-`?LTQX[=9/)/Q/5CXFWNMGOZ&-`?LT
MQX[=9/)/Q/5CXFWNMGOZ&-`?LTQX[=9/)/Q/5CXFWNMGOZ&-`?LTQX[=9/)/
MQ/5CXFWNMGOZ&-`?LTQX[=9/)/Q/5CXFWNMGOZ&-`?LTQX[=9/)/Q?H7'Q-A
M$`_[MGH=(^CZS&@/V:8\=NLGDGXK.LG'O=F^7"?_`'1\@]G;GKY7*+H:+8I&
M`K>MU3MEP79^<=8:QK5"UY83L#%#L%96,?N$Q#K]H*@F.-BRR/5)ONZ4A+NH
MTV#I<6A%0C-)JW13(F'9D*01`H=`!\B`!T`'H!EF:N%UY$,"UK93X2Y1BT7-
M-4W""I#$Z3D*82]8.CR=(#EB:*AW7N.&X-$R#QUQ9WOLC2$4^>K2+NH5"1@)
M77J[QTL9=Z\3U=L.MWG6D;)2)S"+EXSB&SQP8>L=4QP*8)-MEV.4^CN+[HTE
M?`W'Q-@$0_[MGOZ&-`?LTR>.W65\D_%^>K'Q-O=;/?T,:`_9ICQVZR>2?B>K
M'Q-O=;/?T,:`_9ICQVZR>2?B>K'Q-O=;/?T,:`_9ICQVZR>2?B>K'Q-O=;/?
MT,:`_9ICQVZR>2?B>K'Q-O=;/?T,:`_9ICQVZR>2?B>K'Q-O=;/?T,:`_9IC
MQVZR>2?B>K'Q-O=;/?T,:`_9ICQVZR>2?BY%MOB9+"*2O+N5034*8AEVFF^/
M*;I$#%$O:MCN]4OVI5T^GK$%5!9/K!\D0P=("\=NLGDGXK3:\5['L&X0^PN1
M^T[[OBV5]QWROO-DSI):,K#PQ1*L]I]+C&,+KVE2#DAS%5<P\0P763$"'.8A
M2E#J+;+<HQ<S==.$S2$SXJ*8PK)%A'MTV[9`A2$33*!0Z"AT?R`&29JY5'"&
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M6!J"J76(*B29'!.MUDE$SE`P/';K)Y)^,>[IZ\XH1,1<'6SMC6.T[3V?)-46
M4C?MBV68N]N<L4#@JE%)SEB=/G49`H+!UTHUEW6.0-_9($SJ.-L80YFZ;LY2
M^112;I$11(5-),H%(0H=!2E#R```&3-RHSMW+2<LUJ-0:A)6F2`H@`D,HTA6
MB@B7SG)B3T`\@]BCT@94P?R%`1Q3K.1GA"?&D](Q.M8D7#OID[')CWJ7E7?5
M5=.G2I2]H8YQ*'04.CH*4.@I2@``````&=UU<(R;6VTW8YY'\,M6<AHTB5DA
M&IY!H^;2\7()BJRDXB:8G[:/FX278J-I6#FX];Y-N]9K(.D#>5-0H^7$784N
MBL%*36W-%1+C?SRU^@6$UQS3V^:NMA!-A'7V'U+MQVT0``+TC<]EZSL>S99P
M($*`J2<\_P#Y1Z.L839:?KGK,%;^L0Y>M7XF?NQIS]"_'G]EN*6:R5N^,'K5
M^)G[L:<_0OQY_9;BEFLE;OC!ZU?B9^[&G/T+\>?V6XI9K)6[XP>M7XF?NQIS
M]"_'G]EN*6:R5N^,'K5^)G[L:<_0OQY_9;BEFLE;OC!ZU?B9^[&G/T+\>?V6
MXI9K)6[XP>M7XF?NQIS]"_'G]EN*6:R5N^,'K5^)G[L:<_0OQY_9;BEFLE;O
MC#ZAQ\\0"YI>:+QS5VDUA53B5XVI-1T=KQZ];G`"G25LU6U,UND:8O1\@K&2
M<<L7K#TG,/5ZLI9K)6_2$E..'"35O'\K^1BHT\A9YU^:9LUHFY"2LEKM,XH0
MB2LY;+=8G<I:+5.*))%(9[(O'3HQ"E*)Q```$W84MBD$1,XW2FKU"=3L^J'9
M]7J=3H^1ZO1T=7H_FZ,X=/_5]_&`P'0`^B'3@?G0'\P?\`P'0'\P?\`P,/;U
M,9/6EF,F8Q!\W+>4@B4?2&_E+T#G5G=#F_ME`7-6!@,!@,!@,!@,!@,!@,!@
M,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,"W74A
M*2LRC3:<U\Z6QZ"76*"9U64$V7`>K(RAR]!`,!`ZR2'6!13R"/00>MEIUG)<
M\(3\TCI&*UG$]Z=?_(V62'O4O+NBE.[=.U`Z3G.IT=(`'H%*'04A0``````#
M*ZZN$9-K;:;I!9PZ,!@,!@,!@,!@?G0'\P?\`P'0'\P?\`P/W`8#`__6]_&`
MP&`P&!B[<<2]FM?V!A'HF7=N&*R:21?1.82&ZI0_F$1\F=6X70YNQAJX<R.W
M4'"R)-+2RQ$U#$*J%@0*"@%$0`X%&)'HZP>7T1S;#5C2='Q\[[?]A*7_``B;
M_:C&&I2=#SOM_P!A*7_")O\`:C&&I2=#SOM_V$I?\(F_VHQAJ4G0\[[?]A*7
M_")O]J,8:E)T/.^W_82E_P`(F_VHQAJ4G0\[[?\`82E_PB;_`&HQAJ4G0\[[
M?]A*7_")O]J,8:E)T/.^W_82E_PB;_:C&&I2=#SOM_V$I?\`")O]J,8:E)T/
M.^W_`&$I?\(F_P!J,8:E)T/.^W_82E_PB;_:C&&I2=#SOM_V$I?\(F_VHQAJ
M4G0\[[?]A*7_``B;_:C&&I2=#SOM_P!A*7_")O\`:C&&I2=#SOM_V$I?\(F_
MVHQAJ4G0\[[?]A*7_")O]J,8:E)T/.^W_82E_P`(F_VHQAJ4G0\[[?\`82E_
MPB;_`&HQAJ4G0\[[?]A*7_")O]J,8:E)T/.^W_82E_PB;_:C&&I2=#SOM_V$
MI?\`")O]J,8:E)T/.^W_`&$I?\(F_P!J,8:E)T/.^W_82E_PB;_:C&&I2=#S
MOM_V$I?\(F_VHQAJ4G0\[[?]A*7_``B;_:C&&I2=#SOM_P!A*7_")O\`:C&&
MI2=#SOM_V$I?\(F_VHQAJ4G0\[[?]A*7_")O]J,8:E)T/.^W_82E_P`(F_VH
MQAJ4G0\[[?\`82E_PB;_`&HQAJ4G0\[[?]A*7_")O]J,8:E)T/.^W_82E_PB
M;_:C&&I2=#SOM_V$I?\`")O]J,8:E)T/.^W_`&$I?\(F_P!J,8:E)T/.^W_8
M2E_PB;_:C&&I2=#SOM_V$I?\(F_VHQAJ4G0\[[?]A*7_``B;_:C&&I2=#SOM
M_P!A*7_")O\`:C&&I2='7=3^VF;=9TOI.7*D@F910WJA;^0I`$1'_"/Y@Q2-
M2DZ,@LESNF;1RHB+<[EL@N=`QNN9`ZR1%#(F.`%`PIB;JB/0'3T9$=G`8#`8
M#`8#`8#`HBBLS.S;:F4UN#VRONS[PX$G:LZ\S5__`+[_`/\`8=R8GE00'RG]
M,;Y#H`[UG)8BN$)\Z4T;!ZNBNU$G?[`_,+J5EG0`J]=O%1$ZRJRQNDYC&,;^
M?R!F=UTW;-K;:;L_9PZ,!@,!@,!@,!@,!@,!@,!@?__7]_&`P&`P&!^&*4P"
M!@`P#Z("'2'_``'`ZXLF@^46R/\`^V7XV*SJ/SN33Z&1^8+\;+6=0[DT^AD?
MF"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?
MF"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?
MF"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?
MF"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?
MF"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?
MF"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?
MF"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?
MF"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?
MF"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?F"_&Q6=0[DT^AD?
MF"_&Q6=1:MW:-252<$K=(!\WNO*!"_\`Y)_]F(SA)REK42\B:8!Z`$)_1#-G
MG<\!@,!@,!@,!@44ZLS/3;>F4UN#VR/`3%RN).U9UYDJ(!W]_P#^TSDQ!Z4$
M!\IO3&^0Z`.PSG)8B9PAL"TOI>&U?#%^1%[.OA%U*RKGI5>/'BO2=5994XF,
M8QC&'^7H`,RNNY;-K;:0SIG+HP&`P&`P&`P&`P&`P&`P&`P/_]#W\8#`8#`8
M#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8
M%IWG[DYS_+W/]R?+;G"3E+68G_9I_*%_HAFSSN>`P&`P&`P&!;3AS.6*=0HU
M&0[Y97?9]_?=GVS*LLENK_S;SY$R:D@HF;K((#TAT""B@=3JE4M,*SDL17"&
MPG26E(35<&0A$^]S;SI<RDFY$RSQX\6,*BZ[A=7K*****&$1$1Z1S*ZZ;MFM
MMM&>,X=F`P&`P&`P&`P&`P&`P&`P&`P/_]'W\8#`8#`8#`8#`8#`8#`8#`8#
M`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8%IWG[DYS_+W/]R?+
M;G"3E+68G_9I_*%_HAFSSN>`P&`P&`P**)9^SS2=+I"(.;`X`G?Y`4^U95MH
MKU?^9=?(F34D%$S=9!`?)T=!U`ZO5*HPC&<EB)G)L`TKI."U7!III)`[FW8B
MYE)1P(K/'CU;^L<.'#A3K*J***B(B(CTB(YG==RV;6V\=V=LX=&`P&`P&`P&
M`P&`P&`P&`P&`P&!_]+W\8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`
M8#`8#`8#`8#`8#`8#`8#`8#`8#`8%IWG[DYS_+W/]R?+;G"3E+68G_9I_*%_
MHAFSSN>`P&`P&!;W3/VVP)T6BI"O.+"3SO+@F"S.LM%`*/:*B8ID5955,P"D
MB;I`@""B@='5*HPC&<EB)G)L5T]IZ#UA!)-FR7>)5S_S$G)./ZUX]>*]!UUW
M"Y^E151101$1$1$1S*Z[E/HVMMI'JS1G+HP&`P&`P&`P&`P&`P&`P&`P&`P&
M!__3]_&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P
M&`P&`P&`P&`P&!:=Y^Y.<_R]S_<GRVYPDY2UF)_V:?RA?Z(9L\[G@,!@,"WN
MF>MT^G1:*F*\XL*82\L4@*M*RT6#I[101`R2LJJF/2BB/2!`$%%`Z.J51A$5
MG)8B9R;$M-Z<@-5P"+-F@"TFN`KR,BO_`%KQX\6^3<.'#@_655555$3&,81$
M1'IS*ZZ;I]&UMM(]6:\Y=&`P&`P&`P&`P&`P&`P&`P&`P&`P&!__U/?Q@,!@
M,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@
M,!@6G>?N3G/\O<_W)\MN<).4M9B?]FG\H7^B&;/.YX#`8%ME-8KC8"4>A-Q<
M2IS%3FIWJ@HRK2"@`/1\D4R3F7.0>DB0])4O(8X#Y"&N$8SDL1,X0V*Z;TY`
M:KKZ#)FAVTDL';R,BN(K.WCQ414<.'"Z@F45555.)A,(B(B/2.8W7<I;6VTC
MU9KSET8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`_]7W\8#`8#`8#`8#`8#`8#`8
M#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8%IWG[DYS_+W/
M]R?+;G"3E+68G_9I_*%_HAFSSN>`P*"@C8+S82T6C%.:1,8A)Z>(GVC6NME`
MZ3)IGZ!34F%2>D)Y01`>L8.GJE%E%96(F<(;'-2:DKVKJ^VC8QL478E[1Z]4
MZ5'+IRH(G5776.)E%%5%#"8QC"(B(YE==RGT;6VQ#+V<NC`8#`8#`8#`8#`8
M#`8#`8#`8#`8#`8#`__6]_&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`
MP&`P&`P&`P&`P&`P&`P&`P&`P&`P&!:=Y^Y.<_R]S_<GRVYPDY2UF)_V:?RA
M?Z(9L\[G@6^T).WVP&H]$`YWY5`0G[`FD*C.O)#U>U115$.R7F!*;H`H=)4!
M\I_D@ZF,HK*Q$SA#8]J/4==U;7V\;&-2"[,7M7KU0.T=.G*@B=9==8XF4555
M4,)C&,(B(CY<RNNFZ?1M;;$,O9RZ,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!
M@?_7]_&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P
M&`P&`P&`P&`P&!:=Y^Y.<_R]S_<GRVYPDY2UF)_V:?RA?Z(9L\ZV4T;'L*PC
M0:#VA70'!*R65(HF0@$#"`*LV:H%,0\T<AO*(>1L'_ZGI+E%96(F<(;)=0:A
MKFJ:XTB8EHF#D"`=V[,4#.'"Y_DE5551#KG.<X](B(](CF-UTW3Z-K;:,P9R
MZ,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,#_]#W\8#`8#`8#`8#`8#`8#`8
M#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8%IWGRU2<_P`O
M<_W)\L9PDY2U:QT98]@3B=(I@*HJ@5,MAL1"CV4*W.!>LT8J=42J2RJ9O*8/
M(W`>G^T$.IMA$5EA$3,T;']5ZFK6KX!K%PS)(BP)E,Y="0HKKKF`!4555$.N
MHHH?RB(CTB.9773=+:V*0ROG+HP&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P
M&!__T??Q@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@
M,!@,!@,!@,!@,!@4R9*R-&/"R*@),A04!PH)3&`J75'K")2@8PAT?[,)+&VM
M$=:(IO0H[N.=G%TJ+P[9-5-0J_6_K`."R21Q-ULZNY=4MIT9<SET8#`8#`8#
9`8#`8#`8#`8#`8#`8#`8#`8#`8#`8'__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g614029g89j61.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g614029g89j61.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0KZ4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!H0```F`````&`&<`.``Y
M`&H`-@`Q`````0`````````````````````````!``````````````)@```!
MH0`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"%X````!````<````$T`
M``%0``!E$```"$(`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!-`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5))))2D.\`UD$2);(/Q"(H6^GL/JD!G<DP/O24T11DB)=0Z.?T,$
MC\[\]0KKR[`'#TZP.6V8\$SP?;:K>[!_TC/\_P#\R3!V%^^W_/\`_,TE+8M;
MV.'J;'.[.8S9I'!U=^<GR&;['P&[MC0USFAT:O\`S2I-LPV'<U[9_K@_]^2=
M;AO.YSVS'[X'_?DE-2RK*;M(])\RTAM$Q/T7ZVM^BI5TY&\.>:368.P4[71'
MT=Q>[W?V$=SL.-'MY'^$\_ZR?=@_Z1G^?_YDDIGC@!KP``-QT&G8(RA5Z6S]
M$0YLG4&=>^JFDI22222G_]#U5))))2D#+_FA_P`95_Y\8CH637995MKC>'-<
M`XD`[7-?R`[]U)35R+,YNTXM5=PUWBRPUG\W9L<UEG_"(8MZMZL&B@5;FC=Z
MSBX-D^J[9Z?N_1[=C$?9G?Z.G_MQW_I)+9G?Z.G_`+<=_P"DDE-!V=U>IM0R
M*L.JQP&\'(<`3#39Z6ZIO_"[-W[F]3KS>I6G]%5BO.V75#),@AUC7.]1E=GZ
M/:*/\'_A+/\`1JS9C7V#]+CX]D?ON+O^JI*:G%NJ'Z#&QJ@1_@R6\_U:6I*8
M-MZL0-^/0UT.!+;G$3'Z-T&MOL=9_.-_,9^^BX[\MU9.56RJR=!6\V-(_>W.
M:S_-4MF=_HZ?^W'?^DDMF=_HZ?\`MQW_`*224SPO\/\`\<_^"LH&+5;6Q_J[
M0][W/AI)`GMN<&HZ2E))))*?_]'TVS.HJJ]:XFNK27N@`;H#._YVY"?U+#<U
MK_5`KDR[<`-":OWO]+[448]@8&;QH`)`(.G]M".'<U[7C(L/N!(F6Z3RW\YK
MDE,JLW$O)%+_`%2W5P:\$C^LW>B>I7X/F2(D]O[2@S'<P$>H7R3[GM<YT$SM
MW;OH)_2/[WNDD^QT:Z?O?R4E,'Y^%7<*'V;;G1%9=J=QVL_._.<H-ZGTXMW>
MNV/$V`<\?2>/WD2S&LLXN?68C]&'#_HDN:F;AVP/UBS1VX23/=L.U^AK]!)2
M5ME;P"`XM?$.#I!!X.CU"S(QZ:WV6%S*JIW/+H``]O[RFVAX(]S0T$:!I&@[
M#WI"FP$D/;J21+3.O]M)2#[?A/`].V23V?X&O?\`G?\`#5?]NIV=1Z?80*[@
MXN@-'J"23]$-E_TDK,*Z);D6CM#2>_YVI=]%3;0\.<XVE^Z):]I+06_G,;/M
MX24DWL@F'Z0(D]SM'YR#9GX55@JML].UT%K'.@D$[6_G(FQVT@NU);!V.CVG
M=^\HOH>\`>JYD:RP.:=1M_>24Q'4L)KBTV@<:.<.3N_>=_P;E.K/Q[FN=2X6
MAOTMCFNCO[H=[4-N#:0YIR;2"(DD@\[O;]':B_9[((WMDB"XM,G2/=[_`')*
M?__2]50LC^9=\I^$A%4+G.;67-YT_$PDII6NM]1OHOJ%<'=O#B[=^9MV.:W9
M^\H-?E;QN^SN;IN@O!&G:=WYR+EYMV,&NAKFN.W<Y[:_=^8SW-=]-N]`_:UA
M!<P4O@:Q>SF6M_<_EI*3L<=?5<SRVS^.Y7*_YMOP'Y%6Q\BZZOU"`UI^@6D/
M#A^^US0K+"2QI/)`)24R22224I9]ALEGI/K:)/J^H'$Q_(V.9[OZRT%4MNOK
MI-C3N(C0@QJ8_P`'7:_Z/_!I*:^_*$3]G=Q.M@_K$?24VNND;W4[=)+=T\^[
ME"_:.20XS4=AD@.L/M&W?QC>YVUSMB)C9>5;:^MX:`S=+JRXQM.R'-MHK_._
M<>DIMXVK7QQN,?<$9#I<YP=N,EKH'P@(B2G_T_54+(_F72`>!!\R$5"R9]%T
M:F1IQW"2FN74M)!>QI;R"Z")\9L2W4S&]GPW?'_A/)#N.'ZA]=F/ZFD^HYFZ
M)]L[V;E`'I\:,QHD_G,B9]_YG[Z2FPWTG&&N8X^3B?R6*U7_`#;>V@_(J%1Q
M/4'H,Q_5UCTW-W1^=]!FY7JOYMG]4?D24S22224I5)J&KFU-)DZ@#\KE;6?8
M:?9Z[:IG]'ZCA,Z_0W,24D-E,;BZH-!YTC2>^]/OI)VGT2>`/;_Y)5VGI^WV
MLQ=GMX<S;^=Z?YFW]_8G!P9&UF-NGVPYDSVV^Q)3=QXAP#6M`=$-$=@45!QI
MBS<(._B9[-\FHR2G_]DX0DE-!"$``````%4````!`0````\`00!D`&\`8@!E
M`"``4`!H`&\`=`!O`',`:`!O`'`````3`$$`9`!O`&(`90`@`%``:`!O`'0`
M;P!S`&@`;P!P`"``-@`N`#`````!`#A"24T$!@``````!P`(``$``0$`_^X`
M#D%D;V)E`&1``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$!
M`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#_\``$0@!H0)@`P$1``(1`0,1`?_=``0`3/_$`+8``0`"
M`@,!`0$````````````'"`4&!`D*`P(!`0$!`0$``````````````````0(#
M$```!@(!``0'"`X(`P8$!P```@,$!08!!P@1$A-7%-46%Y<8"166MC=WUYC8
M(3$B5-15E3:F9RA8N!DCD]-TMSAX.4$D-5$R,[.U=G$T=29A8D-3M(<*$0$`
M`@$$`@$#!`,``@,!`````1$2(3%1`D%A@7&18J&QP3+1(G+PX4)2`T/_V@`,
M`P$``A$#$0`_`/?P``````````````````````````*>;9H5&O6^X5*[4NIW
M%*-U`]4CD[57(>PIL%'-S;%<G9$EV;LK4[@J),'R3!<GP3'3T]&`A.VT?5\O
M5]T+W(ZA]&M,\2BL7/)ZONA>Y'4/HUIGB4"YY/5]T+W(ZA]&M,\2@7/)ZONA
M>Y'4/HUIGB4"YY/5]T+W(ZA]&M,\2@7/)ZONA>Y'4/HUIGB4"YY/5]T+W(ZA
M]&M,\2@7/)ZONA>Y'4/HUIGB4"YY/5]T+W(ZA]&M,\2@7/)ZONA>Y'4/HUIG
MB4"YY/5]T+W(ZA]&M,\2@7/)ZONA>Y'4/HUIGB4"YY/5]T+W(ZA]&M,\2@7/
M)ZONA>Y'4/HUIGB4"YY:-?=,Z?K32ESE<U3K:`FH_=?'I1A,0E%J\5*,E%-\
M:X04.TD&,6@[;'405,0V2'+G)#9QG[&<A+77=V`B-````.OZA:9T_96ETG+'
MJG6T_-2&Z^0JC^8FZ+5Y64>J)[XV.@F=W(/HM=VY.F@D4A<G.;."%QC'V,8%
MAGMNWGU?="]R.H?1K3/$H,W/)ZONA>Y'4/HUIGB4"YY/5]T+W(ZA]&M,\2@7
M/)ZONA>Y'4/HUIGB4"YY/5]T+W(ZA]&M,\2@7/)ZONA>Y'4/HUIGB4"YY/5]
MT+W(ZA]&M,\2@7/)ZONA>Y'4/HUIGB4"YY/5]T+W(ZA]&M,\2@7/)ZONA>Y'
M4/HUIGB4"YY/5]T+W(ZA]&M,\2@7/)ZONA>Y'4/HUIGB4"YY/5]T+W(ZA]&M
M,\2@7/)ZONA>Y'4/HUIGB4"YY?R@:^H5$Y"5#R(I%0IONKIK</NGY*UJ&KWN
MEX#=]"^!>'^Y#)GX9X'X8MV7:=;L^U/U>CK&Z9+?7:5R04``````````````
M```````````?_]#W\``````````````````````````"M%O^/]C\CR_PU3"$
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M1LS&OI.+4;.,M'"<BP:N573(Z#K'9'PJ0N2J?<YZ,_8`0/6N4M&M3^QN(Z)F
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M/S?JWRT<=_\`'W6@2O7=;@1L```!4?4_YOVGY:.1'^/NRQ88[;I.!$`;TY&T
M?CLMK5SLF,M+2I;(OS+7.=A1K&*>TRA3DK#3DQ$O]CN5)IK-5NK/L0"K<TL1
MBY8,EU4LO%6R1LJE+$7=-T:;4KF7.R\3Z:])A]6V)E7)RU7&2JT36I!P]JE<
MN.'\6_2L;Q9O&-XNTM"*'D4H]3M\F*4ABEZX)6S.&V#0B/B1A[O4"R2DNQKR
M<>:RPQ7QY^39XD8V#(TR]PX-+R$>;"Z#;!>V51SUR%R7[(%3PTK:&]*%JNH0
M-SEY%&5B[7>*IKFLJQ$C"^`RENN=@3K,*P4GI*3CJ[&-O=8QB++.7:9<'3RB
MGA5T=%NJ6(O1PX#?]%?3=&I=K46UIL_8JVQ"U;5=V?UY.[23+65B>5ZP3#9O
M7YN?B7<.XR@B[9K(NU/"&CQ$V,8/VI$A4_"1D[S2581Y94KA5E*Y'.<,Y"?3
ML$2>$8O,JMT,-7DJ5WEBV<Y6=I$ZAU"FZRI,='2;'21&=;Y`TRPW[9%!-CW&
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M/&3QLJ51)5,QDU$S8,7.<9QD!S@&GQ?^82@_(UNOX;\?0EKKM*S0C0``````
M```````````````````__]'W\``````````````````````````"M%O^/]C\
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M@:)DS(IU+C]D85?AAOZKQ&O*LI,:DLL'`37!*U24G(66Y1\Y5)'BC'TN"N57
MJ2'D#,-;!5K8UJ"LG$J*JPBK22F'Q%T3E6RL)2Y1<S]?U?>#X/;)/1=<UB[1
MFCK+:M9W#BW#J[)7FM@2U@VGJ3C5L9U<HQW;V=IKTVVK-H>1KUVFE!LE'T62
M2E9!SB031<%:)*,HUX6:T3H&WZGV=LBSJ3,1'Z\MC^ZO(#6T7)O;-%UU_8=D
MS=K1G*L]GJW%V"@L[!#OR+S=:0D96ODGE5G$6FP3RJ1S69FXA-FV/S?JWRT<
M=_\`'W6@2==UN!&P```%1]3_`)OVGY:.1'^/NRQ88[;I.!$,[;UV\V2]UM%.
MH.G6*B1UJLCS9<+;EW*B<U49_5&Q=>.(1A"E@I:-G,OW%X(9RB]6:H9:(J$Z
M3F4QU2Q-?53")X9[@UM6FD!1]@0.RX>D\BGEZH51VU:+Q`EE]!R^@(729-4W
M'8=6CIZP$M-"0R]2A9I6.FO#(9LW;2*:R[ITY)*:RCS'AS[WP:L[DT`\U)=*
MMK!U4]<Z.<U>(BHB90JT+OOC0LM&ZKLJ<>60>2#S7-AU[8)*KV6.<.57SJ%8
MQ22:^<H*Y/:2.W,+5;(U(6>U-!:ABZGK[85$3;154NE$V_A1U7;IKYE`O8Q6
M,?ND*W9"DFL29&+TBYH]0IE6QOL%R;&<$O6U+5N!>QUJ/%T%GLY*#@RZ]YJ:
MFB3+6BZ72<TS0N3<?6F=`CJ!:K*W)8+QC4F*FD1LE)JQ64T'6$T5BIL4DUY3
M64:Z<-SD^,&\/.$SW[`.-21>R&EITG.2NHD)ZT,M/7-MK#4.]M1SIY*UMZ"M
M/P$U/QF\TU6;A.OOR,2TZ%14(X3*I@M2XV\/S3.*FX==<C6VYZ:IIN*I&(BA
M4=;3L:I*05*AZ97M:EJ*TI0XUC07"-'ME-DF*#2"(VR=FXK3M^Q<Y2.LBJ@+
MBJ\HP@^!VX8-E15V$[JV.FJ/5J$9PBUD[(>+N=IUSRW:<E8^`L"Q:4S=I5:P
MQK8\8I)=FY=QCY;PLC%V1/**LI<F:O7!#9MF3N:=<NE-J7G!A.<6'I4W5@>Q
MU'G^5&->9@&];B6\+%&G:^D^H2K^Q]=U%+.W\V]4;X^ZQC*B.T1XX9R0XQ<C
M9&Z6_:YVFD6UCL>ZZ-LN0U@ELC9B=&M=;:<96?'6[5R4O$3K6"GZ[,HIH&?Q
M#W$),MU&N3,7+;!%C*D:E]:B'VA.#4A`Q&VH6-@=8PB-OLO'5U19.@V2XZZL
MM&@--Z[U-577DQ9V%;FINJ2$3:=6MI:)9JK3T=()D(UE"JIF6R>TF6R].GZK
M9:+JO7=+N,\PL]HJE-KU>FY^,AXV`CY5_#QC=@JZ:0\+'P\.P1-A#&,$:,F+
M;/1TI-6Q,E03).\I'!&GQ?\`F$H/R-;K^&_'T):Z[2LT(T``````````````
M```````````/_]+W\``````````````````````````"M%O^/]C\CR_PU3"$
M[;1]6VBL`````#&34S&5R&EK!-O$X^&@HQ_,R[];!\HL8R+:JO7[Q7"1%%,I
MMFJ!SFZI<FZ"_8QG(#K=KW.QQ9:93[*_4CM>3%_G=,RLG7;E1KE#M]$Z3W9B
MV/*+L:^S]E5K<3=CV3-5]PE9.)71KD+:'Q&:BKY-MV[Y;6+E:[Y@;>NN*!;#
M4VNO=58LNPJE?MAU:O6>:I,\VU;M7DEJ^^[$K%O8S4G%42KQ+724%88QO)FE
M#SC*VD8M5E'21%CK)ZQ\KO:TO;>ZLI0[B:K*UA:/UUY2GPLO&24U0F#A_)1D
M57[DE'R#_+2TMUX)VC(ESG"*4HW=M43JD:]J8DI-!`````!&.V/S?JWRT<=_
M\?=:!*]=UN!&P```%1]3_F_:?EHY$?X^[+%ACMNDX$`````%=^4U[V!J_2-^
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M5,QDU$S8,7.<9QD&7.``````&GQ?^82@_(UNOX;\?0EKKM*S0C0`````````
M````````````````_]/W\``````````````````````````"M%O^/]C\CR_P
MU3"$[;1]6VBL`````#AR$>QEF#Z*E&;:0C)-FYCY%@\13<-'S%ZB=L[9NFZI
M3)+MG+=0Q#D-C)3%-G&<=&0$!4SC33*!'^#56PW:-DT-:4S3,3:/=&#<6>!U
M5KU6R*TZEQ,DXKJB::$,:U.L^Z*R2TTZ,5([EZLHBF?!;F6_1NI:7!UJ@TBO
MQV8.CZY7B',#4V"F31CA6N%PK7<S"KW#N1E,P\N1.3*HJMEPO*H).EE%%"YR
M<7NU34O'JC:8L5XLM2>6-=U>B$;O6<T_8/&$1'I[+W#MHD;"E:Q;%X5L6Y;S
MGU>N\6>..Q512RIU42](F9FD[`@`````C';'YOU;Y:.._P#C[K0)7KNMP(V`
M```J/J?\W[3\M'(C_'W98L,=MTG`@`````TNXU24M*<<E&W^XT9-HH]R_+4F
M](7]WVKQDHT\`E,W*FV\S=!JJ<JZ2C#+)SA8F,&5,EDZ9BQ]&C9T'2&]@T=-
M0BTU6V7'N"EZSKRKPSB,\G48*7K+&H&C90DI$R<T[180,:BBWRD]0.3).L;)
M\YR!>[[7;1U5OR,J:>DK`25D+KK2\LY]@YC4I2`D-0VF,N-!C8<KV+?QF8*(
MGV"K@[5VW=$65D7AS?=+8R073<]<42#U;KRA:QK&7IJUKFF5>B5[,DX([D<P
M=0@V-?B<R#I-%N1R]RPCT^U4*F3!U.G."EZ>C!)FYF6Z``````#3XO\`S"4'
MY&MU_#?CZ$M==I6:$:`````````````````````````'_]3W\```````````
M```````````````"M%O^/]C\CR_PU3"$[;1]6VBL`````````````````",=
ML?F_5OEHX[_X^ZT"5Z[K<"-@```*CZG_`#?M/RT<B/\`'W98L,=MTG`@````
M`````````````T^+_P`PE!^1K=?PWX^A+77:5FA&@```````````````````
M`````!__U??P``````````````````````````-%MVKM9[`<,7=\UW1;L[C$
M5VT:ZMU1@+(XCV[HZ2KE!BM,Q[U1HBX40(90J>2E.8A<YQG.,`-1]6_CQW"Z
M7]%U'\1`MSR>K?QX[A=+^BZC^(@+GD]6_CQW"Z7]%U'\1`7/)ZM_'CN%TOZ+
MJ/XB`N>3U;^/'<+I?T74?Q$!<\GJW\>.X72_HNH_B("YY/5OX\=PNE_1=1_$
M0%SRCK5O'7C8O69,['4&JK`B78NX$3OY;5%,1=(/&^V[LA(0B1%HMT<T967Z
M:L:R/@V"J,VB1BD3+G"91<I%]6_CQW"Z7]%U'\1`7/)ZM_'CN%TOZ+J/XB`N
M>3U;^/'<+I?T74?Q$!<\GJW\>.X72_HNH_B("YY/5OX\=PNE_1=1_$0%SR>K
M?QX[A=+^BZC^(@+GESHW06B8:183$/I74L3+13UK)1<I&ZXIS&1C9%BN1RR?
ML'K6&2<LWK-RD51)5,Q3IG+@Q<XSC&0+GE+0(````B62T%HF9D7\Q,:5U++2
MTJ]=24I*26N*<^D9*1?+G<O7[]ZZAE7+QZ\<JF4554,8ZAS9,;.<YSD%N>7!
M]6_CQW"Z7]%U'\1`7/)ZM_'CN%TOZ+J/XB`N>3U;^/'<+I?T74?Q$!<\GJW\
M>.X72_HNH_B("YY/5OX\=PNE_1=1_$0%SR>K?QX[A=+^BZC^(@+GE'6TN.O&
MQ"LQAWVH-55]$VQ=/HD?Q.J*8LZ7>.-MTE"/A%2(Q;4Y8RS/U$HUZ?)LE39N
MU3&(H7&4S"Y2+ZM_'CN%TOZ+J/XB`N>3U;^/'<+I?T74?Q$!<\GJW\>.X72_
MHNH_B("YY/5OX\=PNE_1=1_$0%SR>K?QX[A=+^BZC^(@+GD]6_CQW"Z7]%U'
M\1`7/)ZM_'CN%TOZ+J/XB`N>6V5+5FL:"Z=/J)KFATIZ^;E:/7E2J%?KCIXU
M*H58K9TXAX]FLX;E6+@^"'SDN#8QGHZ01O@`````````````````````````
M`__6]_`````````````````````````````````````#0]<DE$Z_(EEX"/K3
MO-\VF=*.C66(]NYBU=G6]2#GU$"K+X4D+7"G;RCM?K8RY=/%%LE)E3JX#?``
M``````````````````````:'L8DHI7XXL1`1]E=XOFK#JQTDRQ(-VT6ELZH*
M3D^F@99#"<A5(4CB4:+];.6SIFFM@I\I]7(;X```````````````````````
M``````````````__U_?P`````````````````````````````````````C/4
MQ(M.K2I8B4>R[3.S-TG5=OVN6:Z4HIN.]J3D61$R[C)V4)-'<,FRO6QA=NW(
MK@I,'ZA1*3````````````````````````1GMDD6I5HHLO*/8AIC9FECI.V#
M7+Q=643W'1%(.+.B5=ODC*;FB-V3E7K9P@W<'5R4^"=0PA)@````````````
M````````````````````````#__0]_``````````````````````````````
M```````",&&N9**<64T5LN[1<;8#V%VR@F$-J9O%527LLXI8)&>@.IK'W2=R
MQI)RY/DTNYE$ESNU5'":RV2J%#[FHUG,R@6F-R;((O#N7J\A)EB]09>VI)TY
M;KH,IY,^JCQK=M')(F11S%MXU8R:Q\JJ*J834(/A]E*79#O["\+MS823>:;.
MT(V+3C=4Y85%5P[;.47M>45UBK)N7+!%`S=+$LYDT<HK'RJFHKA-0@^'Q-1K
M.9E`M,;DV01>'<O5Y"3+%Z@R]M23IRW7093R9]5'C6[:.21,BCF+;QJQDUCY
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M1+F,1PBB3*2::N5%#CX?$M&LY64\TSN39!UYARR7CY,T7J##VJI-7+A==E`I
MDU42-<-I%)8J*V91O)+%31)E)1)3*BAQ\/@_US)2KBM&E=EW:4C:^>O.WL$_
MAM3.(JUR]:G$[!'3T_U]8^Z326+)-FQ\&B',6D@=HDHW316P90P2>```````
M``````````````````````````````__T??P````````````````````````
M``.M[?>[.6Y^6K?CMQTGN.=1A(_CK";IG9W=6JMF;*E7TK,[+M5&Q$Q.*+N_
M4[2.CT&D$DM_3).E#*&/]W@N<8*+B(N7#[;VHG?3P'^BIR&^N:%2F77B3MO:
MB=]/`?Z*G(;ZYH5)EUXD[;VHG?3P'^BIR&^N:%29=>).V]J)WT\!_HJ<AOKF
MA4F77B3MO:B=]/`?Z*G(;ZYH5)EUXD[;VHG?3P'^BIR&^N:%29=>).V]J)WT
M\!_HJ<AOKFA4F77B3MO:B=]/`?Z*G(;ZYH5)EUXD[;VHG?3P'^BIR&^N:%29
M=>).V]J)WT\!_HJ<AOKFA4F77B3MO:B=]/`?Z*G(;ZYH5)EUXD[;VHG?3P'^
MBIR&^N:%29=>).V]J)WT\!_HJ<AOKFA4F77B3MO:B=]/`?Z*G(;ZYH5)EUXD
M[;VHG?3P'^BIR&^N:%29=>).V]J)WT\!_HJ<AOKFA4F77B7$?I>U%?L7K'&\
M^"3'+QHY:8>L.+/(1!\SRX1.CATR6/S)5(B[;]?KIFR4V"GQC.<9^T%2N77B
M1@E[45@Q9,<[SX)/LLVC9IEZ_P"+/(1=\\RW1(CET]6)S)2(L[<=3KJ&P4N#
M'SG.,8^T%29=>)<OMO:B=]/`?Z*G(;ZYH5*9=>).V]J)WT\!_HJ<AOKFA4F7
M7B3MO:B=]/`?Z*G(;ZYH5)EUXD[;VHG?3P'^BIR&^N:%29=>).V]J)WT\!_H
MJ<AOKFA4F77B3MO:B=]/`?Z*G(;ZYH5)EUXD[;VHG?3P'^BIR&^N:%29=>).
MV]J)WT\!_HJ<AOKFA4F77B3MO:B=]/`?Z*G(;ZYH5)EUXD[;VHG?3P'^BIR&
M^N:%29=>).V]J)WT\!_HJ<AOKFA4F77B3MO:B=]/`?Z*G(;ZYH5)EUXD[;VH
MG?3P'^BIR&^N:%29=>).V]J)WT\!_HJ<AOKFA4F77B3MO:B=]/`?Z*G(;ZYH
M5)EUXD[;VHG?3P'^BIR&^N:%29=>)<S0F[.6Y.6KCCMR+GN.=NA)#CK-[I@I
MW2NJMF:UE6,K#;+JM&S$RV+UN_;#21CUVDZJM_0I-5"J%)]WDN,X,6XF+AV0
M@`````````````````````````#_TO?P``````````````````````````.M
M6P?[G\Y_H+H_\0FQ0A.VT?5<`5@`````````````````````````````````
M``````````!3^O\`^Y_!_P"@N\?Q":Z$EOKM/U=E0*``````````````````
M```````/_]/W\``````````````````````````#K5L'^Y_.?Z"Z/_$)L4(3
MMM'U7`%8``!B96>@H(J)YN:B8<KG)RMS2LBSCRKF2P7*A43.UD<*Y3P?'6P7
MIZ.G'3]L!RV3YE)-47T<\:R#)QC)D'C)PBZ:KE*<R9C(N$#J)*8*<F2YR7.>
MC.,X`<L``<-_(,(IHJ_E'S.-8H=GV[U^Y19M$>U4(BEVKAP=-%/M%E"D+TYQ
MTF-C&/LYP`X;>PP#MV@P:3D0Z?.F:4@V9-Y)DL[<,%DBK(OD&R:QEE6:J)L'
M*J7&2&+G&<9Z`&8`8Q&:AG,DYAV\M&+R[-/MG<4B_:JR35'&4<95<L2*F=()
MXRX3^Z,7&/NR_P#;CI#@2%OJ<2Z.QE;/78QZG@AE&<A-1K)TF50F%$S';N7*
M:I,*$-@Q<YQ]G&>G`#,LWC20;(O6#IL^9N"=HW=LUTG+9=/.<XP=%=$QTE29
MSC[9<YP`XTO,1%?CG4Q/2L;"1#$A5'LI+OFL;',TSJ$1(=T^>*HMFY#*J%+C
M)S8QDQL8^WG`#\M)J&?NW+!C+1CU\RP4SQDT?M7+MH4_1U#.6R*IUD,&Z<=&
M3EQT](#YGL$`F^=QAYN()),&QGC^//),BOF30B*;@[IVTRMA=LV(@J0^3G*4
MN"&QGIZ,XR`Y,7*1DW',I>%D6$O$R39)Y'2D6\;R$<_:+EP=!TR>M%%6SILL
M3.,D.F8Q38STXR`YX#\**)HIG55.1))(AE%55#%(FFF0N3'.<YLX*0A"XSG.
M<YZ,8`8"/M]3EG1&,59Z[)O5,',FSCYJ->NE"IDRHH8C=LY45/A,A<F-G&/L
M8QTY`;$``,8[FH9@\9QSZ6C&<A(9P5@Q=OVK=X^-D^$\%9M5E2+N<Y4SU<8(
M4WV?L?;`9,````!@)*UU>&<89S%D@(EWE,JV&LE,1S%QE$^3%(KA!TX25RF<
MQ,XP;HZ,YQG_`+`&=*8IRE.0V#$-C!BF+G!BF*;'24Q38Z<9QG&?L9`?H```
M```4_K_^Y_!_Z"[Q_$)KH26^NT_5V5`H`````````````````````````__4
M]_```````````````````````````ZU;!_N?SG^@NC_Q";%"$[;1]5P!6```
M=*W_`/H(*4WLOMS9,7&<DN&FS$SG&,Y*;.T:P3)BYS_W<]0V<=./^&<X$G9O
M_P#/^\.3R,YC<A-,[TXW\:=.^9R&K>QN'FUMMN++=]?6ZWS]?G-.:XFK%&LH
MAM![2HL(M&2GN*BAE-=N;*&3&4ZRA<81RO8CK$QVF?$J]NO:U;UB^/'"GD%?
MJE7=<:KY!ZHO*.Q]YQVN[5L'6VN=_P`7=B4RBL[[$Q5C;SM*U7948>0=**HJ
M2,J99<A6I7!6#E-=>S6$7VCRL)KO?V_S<U_:^F0O-`M%6XSZCXOO=55&Z&/2
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ME^/:8LYAS[5'V4!*U3Z=>;`YC^2J#*K7N;<5BJV#*=-9'Q'SUA9TV_NH]D1-
M54Y#8AW^.UZ"]0N#F.5.\'3^G=2;C%R^MG!KA7RL=:K;5TV[]=^T96I&Y=&W
M^G2:^G]++[/MLA5'M+TFZI.RHW,M5(MU3W66<@<S#!G""I%(LB?9.7$NHEJ>
MN7;K>TPMMRPYL;$V)Q_]L12-D:OX_P"PJ;P[O^G:E3ZE::AL56`OU;LUPCWR
MJ>QDHC;</*.9R)=LFKAB\B7<21%TWPH9`^,X(6S.Z=>L7TF)G6W"N'(+/&#F
M;[1?D?&52-E)'7?LW^.%OAZJS:N6\*[L"BAHZN1[M)DIE\WKC64=M2.3$4[1
M".2-G!\=3!L.4JXZQ[1V>Q;/L'M(:[L#:\KJS8%ON?L,I[83MO&T*5C-<O&M
MCNMMGGE5F*_B_24A9(++U=TVRNE)L5'48HD3."*E.LH\_"Z836V21-)<X=XU
MJC>RJT=H^F\<M257E/QIW]:Y!F77.RK1%:SDM(T&T7>);T>/<;OBWKJ*EE(L
MB;A.6>2#LZQU%CN3Y/DN%[)/6/\`>9O24L:5]I-R&W-HGV:VP96&UYJN&Y:R
M7)"$WYOF1KDE*:ZU3*Z+;;"94J.CH^0M\5'PLIN&<HQLHYE'ZJ*9"+H-BJJF
M*9%>Q/6(GMZ=B_L_]R;VY"<3]6;JY'4R%UUM'8;:=F7]%@Z=:*0VKL*VL<K#
M5SM8BX6VX3JQ[!#Q:4NDX470P=I(HDP@7),J*V&.T1$S$3H\VG'/A[M'F92^
M:&M]1IT?7E@J_M<-@[`]8N8EW<?=M1QU56*JZ\V4=`P+R=D;,][=/"*?NE$L
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MX()O341'7./2SDU[5_DS#^5W_P!JZ*<>2OMD&WLZ/S/V`CX?J-QY3_\`WC\:
MZO@NQR>3G_C_`-)&9[;_`.2QU/NK?[IA'O\`K:YFG^6'([DMOW=L+I>/U+&:
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M5XFPD3#/]>7ES:ME57D"M)FF8J<L_G=3B(22A46.,)/6D/G"N?\`]%/IZ<+W
M6.D3C[7EA.6/(S>7*SD;IOCU':GCX'B-M[CG2MB0&T$)]M/7RB;*B+-+;9M\
M/+Q#XZU?DJZBT;DK"66*S5\9BY5<*+%<HMVRV:B(B9\NT=!TU=85RU<H.<(+
MJM5\H+)K81=(&ZB[97*9C=FNB;[!R9Z#%S]O`K#D````I_7_`/<_@_\`07>/
MXA-="2WUVGZNRH%`````````````````````````'__5]_``````````````
M`````````````ZU;!_N?SG^@NC_Q";%"$[;1]5P!6```01R*XT:6Y8:Y=:DW
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M=_NK>[Y_LN7ISP\C`R4]..]FK3I'J3]0RSE1LY0/(*9R9WE?(5!GVTUV;F7@
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M8QU<]`$S,Q$>(:75.%'&ND[&C=HUS72+*Q5^WW_853CU)RPNZ=2[]M5!FVV-
M=*=2'<HM5*Y8[8@P(5=PV:$,AA1?P;"'A;OMU&4U2,XWV97#*(LE3LT=K.P,
ME=>[2D]TZX@6>W-PL*;KC9,T[;2,Q8:'36%\:UNK$E)1OX2X9-6R;!94V.LA
MDB2!4E0N?;E_;![,OA?:;?8;M.ZMG'4Q9=Z1O)A\U9;<W)`UU#?$8DNFGLV.
MJU<O\17F%E=F<G.Z4(VP1R?..T*;!2X*J#+MRDUEPLXY16_K#R8A:3)P&U[B
MI"O+JZKM[O\`7Z;=YFM]&:[8[MK.&L['75OL4&ICMFKR1BW*J+OH=%SX44BQ
M5)E-5X<"*X.<;ZVXM3RF56UT-[<=NS.^9=U2=K[7KF&VW+##R\'/7*NLF%T)
M&5)>>CYE0DBSBT&<;)E31(\;KI(ID*HREI4+[/OC_2]M<7=E:WI+*AJ<5*[?
M*Y15XJR7=U(O*_?HBZQTQ4)1B^GUH*3B9";O[Z?>R3Y)],NI=)'H732RXPNI
M<IJ8GRE[<O$O0O(&\ZDV1MFHS-DN>B;%FVZGEF6QMG5).G60SJ+>'F6<33+E
M7H9\]47A6O6,\;N.L1+J9QDAC%,I([3%Q'E$]_\`9M<,=HK;W7OFI9.>/R9G
M*#8]YE/MK=4>C?YC5QGAZ`Y>MXG8K!")3K&7ZO@Z$<5FAG!L8.0^"EP54+';
MM%:[-XE.$O&^6WNGR44I<S'[>7@X6NV6P0&P]CUR.V)%UKP/%<0VM5H*UQ]8
MVGF%38I$3S8&<CVJ:215^UPW;=BI,IJO"0M*\==/\>2;+)J*I^2A=O;2M6Y]
M@X]V9Z8Q.[&N>6GE#/%+.2<D6+(\*Q1*5JTP@T2P3'42+G.<Y$S,U:;00``%
M/Z__`+G\'_H+O'\0FNA);Z[3]794"@````````````````````````#_UO?P
M``````````````````````````.M6P?[G\Y_H+H_\0FQ0A.VT?5<`5@`````
M``````````!@+79X2DU>R7.RODXRN5&`F+/8));[",?"0$<YE95\KG_]MHP:
M**&__`H$:Z.C#F%[0+D9KOV9%?Y[ZSE82HV7:%UJ$O0J-)UJ"L,!7=2WN8D6
M]/8V$[M-Q)3%R>51LTD)!PD[;-T9!TH@DAA%$N3R]+=(ZQGB[377*36-=V\\
MX[FD[7==G5.,U:^O&8B$CG:E:9[@LZU0HLQ8FC`\4X-'R$NAUGSF,8.6<*W5
M05D#M2N6^5:Q4U?AJ,'SST%9*5LK9L*ZMLEK+5==W5:K+L!A6SR-</#<>IYO
M7]L'9^YSQW+H2=><./"4(YZT9R,K'%\,8(.6JB*JBUQG3E_:!S\XQ;(NM,H5
M>NS]"<O_`!R:\L:PM/5N;@(5UH9T]<1WEL^G)1HWC80C9\R<)K-'JC=XCA`Y
MS)83ZIS+)ZS%S[8:.]HIQDD*C<;P:P66/KM0T<WY-D<2-6?HN[9QY=3TU6T]
MN4Z-2,O(2U=))P*^%&BB:$RDD=LH=D4KQGE=9C/ZHCO?M':3.Z(V/R*X^-+Q
M:ZEH*K:JW3=V]LU5<*A6=J:4V`DK(6(FM[5:HV!3?6RKU5E(.B*M5%FK:8C\
M,GB9DU3J(K7&;B)=E%:L4-;ZY`6RN/T92O6B$BK%`R;?.<MY&&FV*$E%OT,Y
MQC.47;%R10O_`.4V`89L````````````````!3^O_P"Y_!_Z"[Q_$)KH26^N
MT_5V5`H`````````````````````````_]?W\```````````````````````
M```#K5L'^Y_.?Z"Z/_$)L4(3MM'U7`%8````````````````1WMZ@-]L:GVA
MJQV]/'-=E:[NM`<R":9%E&#>Y5J3KJSTB2A3IJG:IR.3X*;&2FR7HSC.`6)J
M8ET@WWA#NOEC[)S4'!6*5INL-P:8>42@;1\XLE8V["%D=-J.XYO)0)8*IS"E
MG@M@1R;:4B7J>4&JL:]3/A0ZA5$BRM*;RB.^7A9KD+P*V-O;E9I#DY%)ZTU%
ML#4FPM6S1=NT._WI+8S_`%372(NMDZ8L]6\WS*H;*AK>[6>-6#]ZZC5F3%T<
MBZ3EL8['*DCM$1,>$45OV6M\9WGEY:(^;UWI6$Y;\4MQZ5V31-56J[677EXW
M/L_#UG&[V>T6S5&NQ^OGE>B9!R19C&.9`KE=XN=N9DDHX0<JW,].OJ6E:-]E
M9OV&ONMYC<UVU"UJ-:]F;->SRGFFKIZ\2=F22?R%H5)L*&?V2CUQE(+.4)WM
M>Q4(PRS.IV1?"/!^W=*6>\5-;W;=-<>S=W="\+-G\:KA!\/&NT'?&>U<7*!O
MNB5JP,;W<:3..6)(9WM"TNZ&TL5?CX./BVZCJ%8GG&TK((I.#N&YT2]96AE&
M43K5IFWCI78=-]E9`\*XIC$W#=T_QPUWQ*K;"JJR;R$F["6KUS64W>/"W<5%
MO(FGP$*BYL$H[>())L&B)R&,HIE+"SQ21/\`OEXMV-:GH;?5>K-:ZP9O5)-I
MKB@4VAM9)9/"*T@WJ%=CJ\@]52*8Y4E':4=A0Q<9S@N3='3D5F9N9E(`(```
M`````````````I_7_P#<_@_]!=X_B$UT)+?7:?J[*@4`````````````````
M````````?__0]_```````````````````````````ZU;!_N?SG^@NC_Q";%"
M$[;1]5P!6````````````````````````````````````````````%/Z_P#[
MG\'_`*"[Q_$)KH26^NT_5V5`H`````````````````````````__T??P````
M``````````````````````.M6P?[G\Y_H+H_\0FQ0A.VT?5<`5@`````````
M``````````````````````````````````!3^O\`^Y_!_P"@N\?Q":Z$EOKM
M/U=E0*`````````````````````````/_]+W\```````````````````````
M```"HV\.%&G=^;%C-L6B=W?3;_%TI'7A;%I?D#N/2+N1I[:<D+(UA9HNKKE5
MDIELUFI5PNGER50Q3*?;Z,%Z"WZ1?_+8TYWW<[_I_P#+[YWP^2_QC['\MC3G
M?=SO^G_R^^=\/DO\8^Q_+8TYWW<[_I_\OOG?#Y+_`!C['\MC3G?=SO\`I_\`
M+[YWP^2_QC['\MC3G?=SO^G_`,OOG?#Y+_&/L?RV-.=]W._Z?_+[YWP^2_QC
M['\MC3G?=SO^G_R^^=\/DO\`&/L?RV-.=]W._P"G_P`OOG?#Y+_&/L?RV-.=
M]W._Z?\`R^^=\/DO\8^Q_+8TYWW<[_I_\OOG?#Y+_&/L?RV-.=]W._Z?_+[Y
MWP^2_P`8^Q_+8TYWW<[_`*?_`"^^=\/DO\8^Q_+8TYWW<[_I_P#+[YWP^2_Q
MC['\MC3G?=SO^G_R^^=\/DO\8^Q_+8TYWW<[_I_\OOG?#Y+_`!C['\MC3G?=
MSO\`I_\`+[YWP^2_QC[-:N?LZ=3P]/M<NPWESM2?15;G9%DJ;GYR[5*F[8Q;
MIRV4,FIMXR:A2+)8SDIL9QG[6?L!\E_C'V*9[.G4\Q3ZI+O]Y<[57TK6X*1>
MJEY^<NTBJ.WT6U<N5"II[>*FF4ZRN<X*7&,8^UC[`?)?XQ]FR_RV-.=]W._Z
M?_+[YWP^2_QC['\MC3G?=SO^G_R^^=\/DO\`&/L?RV-.=]W._P"G_P`OOG?#
MY+_&/L?RV-.=]W._Z?\`R^^=\/DO\8^Q_+8TYWW<[_I_\OOG?#Y+_&/L?RV-
M.=]W._Z?_+[YWP^2_P`8^Q_+8TYWW<[_`*?_`"^^=\/DO\8^Q_+8TYWW<[_I
M_P#+[YWP^2_QC['\MC3G?=SO^G_R^^=\/DO\8^Q_+8TYWW<[_I_\OOG?#Y+_
M`!C['\MC3G?=SO\`I_\`+[YWP^2_QC['\MC3G?=SO^G_`,OOG?#Y+_&/L?RV
M-.=]W._Z?_+[YWP^2_QC['\MC3G?=SO^G_R^^=\/DO\`&/L?RV-.=]W._P"G
M_P`OOG?#Y+_&/L?RV-.=]W._Z?\`R^^=\/DO\8^R4-'\*-.Z#V+)[8J\[N^Y
M7^4I2VO#6+='('<>[G<=3W,Y'V1U"PI=HW*TI0S9U-13==3+8J9C&3^WT9-T
MB_2W((`````````````````````````/_]/W\```````````````````````
M``````````````````````````-,V-\7M\_]F6C_`-$?`L;P:Y^+VA_^S*O_
M`.B,0)WEN8(````````````````````````````````````````````````_
M_]3W\`````````````````````````````````````````````````-,V-\7
MM\_]F6C_`-$?`L;P:Y^+VA_^S*O_`.B,0)WEN8(`````````````````````
M```````````````````````````__]7W\``````````"-]L6V=I5.+,5EE$R
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M1!7)D[LD9P6-9(,RKF2P8^$S*X1ZV2X-GHZ>CIR!HS'[0GZFOTW`T]G[0GZF
MOTW`T]G[0GZFOTW`T]G[0GZFOTW`T]G[0GZFOTW`T]G[0GZFOTW`T]G[0GZF
MOTW`T]G[0GZFOTW`T]M/N]MY`4J%93"K+3L@5Y;]?5+"":]U;F34OU^K5%1>
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M5-ZS4D$DGA22:%<(Y,0^,Y2.KDF#&P7!LDE)```````````__];W\```````
M```"&M[?F3!_++QS_B$U@"PF4$````````````````````````0UHG\R9SY9
M>1G\0FSP64R@@``````````````````````(:WM^9,'\LO'/^(36`+"900``
M`````````````````````!#6B?S)G/EEY&?Q";/!93*"`````````#__U_?P
M``````````(:WM^9,'\LO'/^(36`+"900```````````````````````!#6B
M?S)G/EEY&?Q";/!93*"```````````````````````AK>WYDP?RR\<_XA-8`
ML)E!````````````````````````$-:)_,F<^67D9_$)L\%E,H(`````````
M/__0]@>HH&U6W4^L+5.;AV^YFK-KRE6"8<IVMJV3<2DS6XR1D%R-T(=-!`BK
MMR<V"$*4A<9Z,8QC`M,SVE(GD#+=[>X??BEXI"C*3R!EN]O</OQ2\4A1E)Y`
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M</OQ2\4A1E)Y`RW>WN'WXI>*0HRD\@9;O;W#[\4O%(492>0,MWM[A]^*7BD*
M,I<JB$L-;W/7:TI>KI9H.P:PV5.O8^URK>732EJO:]1,(AXR4PP;+M3I,[:^
M(<I3]17"F,FQG)"YQ%B;M:<%58O9+#9-SV*M)WJZ5F#K^L-:SK*/JDJWB$U9
M:T6O;K"7>/5,L'*[HZK.I,2$*8_42PGG)<8R<V<DF:IQ?(&6[V]P^_%+Q2+2
M92>0,MWM[A]^*7BD*,I/(&6[V]P^_%+Q2%&4GD#+=[>X??BEXI"C*3R!EN]O
M</OQ2\4A1E)Y`RW>WN'WXI>*0HRD\@9;O;W#[\4O%(492>0,MWM[A]^*7BD*
M,I8F%U)FO,UF$-L_;S%FXEIZ<603NO:%/+6B=D;+//,F6C53X/(SDLX<&+C.
M"%,KG!,%+C!<*,I9;R!EN]O</OQ2\4A1E+\^0<IDV28VYN#KEP4QB^6:/6P4
MV38*;)?<KIQ@V29Z,_\`'HS_`-@492_A:+)'R8I-O;>/DO\`WL%NB!LE^[.G
M]UC$5G./Z1(Q?_B7./\`AD*,I?OR!EN]O</OQ2\4A1E)Y`RW>WN'WXI>*0HR
MD\@9;O;W#[\4O%(492>0,MWM[A]^*7BD*,I1WMV!M52U/L^U0>X=OMIJLZ\N
MM@AW*EK:N4V\I#5N3D8]<[=>'407(D[;$-DARF(;&.C.,XR%$=I7U$:`%"M1
M0-JMNI]86J<W#M]S-6;7E*L$PY3M;5LFXE)FMQDC(+D;H0Z:"!%7;DYL$(4I
M"XST8QC&!:9GM*1/(&6[V]P^_%+Q2%&4GD#+=[>X??BEXI"C*3R!EN]O</OQ
M2\4A1E)Y`RW>WN'WXI>*0HRD\@9;O;W#[\4O%(492>0,MWM[A]^*7BD*,I/(
M&6[V]P^_%+Q2%&4L3-:DS86:+"9V?MY\S;RT#.(H*77LRDEJO.QUE@7F#(QJ
M1\GCIR);N"ESG)#&2Q@^#%SDN5&4LMY`RW>WN'WXI>*0HRD\@9;O;W#[\4O%
M(492_)J'*%QTFVYN`N,Y*7&37-'&.L<V"$+TYBOMF.;&,8_XYST!1E+^&HLD
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M#+=[>X??BEXI"C*3R!EN]O</OQ2\4A1E)Y`RW>WN'WXI>*0HRD\@9;O;W#[\
M4O%(492>0,MWM[A]^*7BD*,I/(&6[V]P^_%+Q2%&4GD#+=[>X??BEXI"C*6)
MA=29KS-9A#;/V\Q9N):>G%D$[KVA3RUHG9&RSSS)EHU4^#R,Y+.'!BXS@A3*
MYP3!2XP7"C*66\@9;O;W#[\4O%(492>0,MWM[A]^*7BD*,I?CR%DNH93SO;>
M[,G7ZY_+1#J$[+)BJ=8WN5T%[/)<X-T_:SC/2%&4OZ6ARAL=)=N;@-C&3%SD
MMS1SCK$-DAR].(K[93ESC./^&<=`492_7D#+=[>X??BEXI"C*3R!EN]O</OQ
M2\4A1E)Y`RW>WN'WXI>*0HRE'>W8&U5+4^S[5![AV^VFJSKRZV"'<J6MJY3;
MRD-6Y.1CUSMUX=1!<B3ML0V2'*8AL8Z,XSC(41VE_]'V8<??B%TC\D.M?@9"
MBN<[REX``8:Q&KQ(&9/;#0Q:N6,>FL)K%EB6!+#%;J9D33.9+HC\1F&N#=OE
M?^B[/IZWV.D!YN-=.:;,5KAXQ--\;&\E*>Q;J3S,AOV88LZ>VV"X-K4A;#)/
MVRQ9%M:6<RL]5<.TS%D28P[,50JO7-B<?1U_^UW_`&6<XWVF9M._-,26%V/E
M!)^R>T-)WE+DBKC.P7N#V^Q-IR>V"DP5,96S3,8B5Q++N"EPJ@KTJ%(7/4*2
M:J?KX:QP[O.IZW>?9@RUBN&NX!)W[(>7>2<G-6"M1:;F^J3W#?MW3YX^=H%6
MMYUW$_UCJ&R]R<\ATYZ<N>E'CZ':Z[?]?Y=L6U-V0T?J*+L]!G(^5G-MJ1-3
MT@HPEZPFM=+!=S9;UN<IF;%*QT%9VK2$.K8D2>$E1>Q3,ZF#X3-UL5B(U^B$
M."EW<1<1L_BQ;'<RA>^,%T6KT+$W*PP-@O3K0ER2Q<=$3$Z\K\Y86+U>"J,K
MY*N7!72AUGU;65/@O;$ZR%[>)\2Z]DI)KG36\E5I#4N=<I>V1UE&R*KUTG[M
MIL5.?NC63Z/(<RGN$2)/4UGJ*Z2F<$S"'=E-CL<J8$_RUYC_`)_A9:^<D[;L
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MAW-30C[BA93DN6O9&4D;?X?$NTXB98%9IY:I*ME7EM)ZU%T[`P9``!I\7_F$
MH/R-;K^&_'T):Z[2LT(TK+*?YA+]\C6E/AOR"%AGMM#<`9``!U%<Z)"BMMK[
MD2>OJFWL2/LN>8,@[2=.8=*:240F];%K+YP14Y7Q#HFR]PP5-C&2Y[;LL_\`
MB"3_``WUVC_J%'[588V/TGR?9PTKK;-5EO8U7ZQ.2:1E&9J7%[1K%9RC%3VZ
MD$UR,H[=\L]LK1*HN42^Z+I*/ENT.;+9KA-_AJ-X_P"EK;P^C4[_`!Y+J\T^
M3.?9:\@WU9+7'"!<YCD)'3N&KP^)8^,]5%HJMX.HW^X*F9?HSU<F!/$URNIP
M=VEJZ=XX<8:+5+M39^U)\:=7S\I`5J?A)61C46%+I;6>D9IE&/%EV"QYZ>3(
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MZCYI=(YTI4SM9=5:.C2J%;L9`W:*>%9SU,%JYVG=9:X<W]CU"H69D^V)I)&Q
MPNWN4^IJ_=9B0JM0C9ZZZOJ:-ITQ6Y:!M5ZCX=M$664DB1<\\1E45FY$VY\>
M!I.7,@Q6D=8F=I=K-0>R$G4ZO)2TA`2TK(5V$>R<K5.T\EY.0=QK9=[(5OMG
M\JM[@/'*AE&?7=.3>#F)TJJ9^[S6&Q``"(>07Q"[N^2'97P,F@(WA<@1T`%-
M^/OQ"Z1^2'6OP,A17.=Y2\``.@OD'*:Z*WY8>`2.LRD0]L)P*BUO=5W!8KR+
M!U1N`_E?'6#L5.A.N.99Y9_=M'/00YE9;M\9.9WTS_+I'C_F?Y:E99],B=EA
M&\GKI:-8>U?XK&UPO5)-%UQK9P=AJ>MS/ZKJ]7MSN6RJ,DS=/;NP:_\`)I6&
M2=&2+CM5"E+Q]);7R.F*Y'U_G<YO,KK!E:X[G![.).4<13YBV081#FY\/\S9
M#JS"I))JS<0KB9]T<*9*D=)1_P!ITIF7Z7)'_P`:XG^7=97]C:JOL=:&U8ME
M*M]:K#-*/MCR$F(.>J<4F\C57B\%,/V+EW#M7+>!RFY=,UC%,BP=MU5"8273
M,:N=2ZBN'EBH:%@]G;(U9"N6RRE]FYRHGDZ]49"E^55IE6.Q>&BE=:,%I69A
M8LTW()*V-O'+OWK1L3*\CUG"*.7BF)'AOM?^W%_Y69Y36[9N[:=G56HZ[>*/
MN>K5Y+>LC4SW/2R%GH5LIMD=ON.;+:R+#;#NO'US?MAT]27=GBY604/&P66S
MA(N7*B):S$1$Z['([>E$Y`>RCY&;VJ3YFC7KUPNW-:8Q-R^:*.ZQ;#ZGLBB-
M<>.2Y(1K<JA=4RL3%)U%T95MC">,*8*'A8B8[Q'M!%GV3/ZJVE6=B,X76-NN
M]']F9NZ\:SJE&:2,P_G%:[8M*/XPF(1F?%@F&_@Q5^HC$_\`,+M<N4T,]8XG
M^%TF)B],FQ;*W,^M>X-+-I-]4]BU;7O,+6"^H-I5M.*0+>$MA<2-VVF7HL>Z
M:O7L;)6.(?.&)\+1^4DG,=-Q:2B9W*:JRQ(C2?HKV?DK&6VQ3&^L6?2MKF+S
MQL]GA-7*L6*!@9N$I=ELG+ZQ1%PJ*T4M,,WD;:=2R5B;F8J3)7$K!RS%)1S@
MRF$2(&JTKW/[+!,>:6[(^P7LCBW:1M66\-[1Q.H5MY'*4>*:6'B%=(-EK=6>
MM.;I/ND8::@I58M@4,C_`$;=(KI'*/9*X66SC'[?JN-Q.W5+;QC]I6/R]UWL
M"AQEX@XS5LQ3WE9>6D]7=ZSHM@GO.82H7"S04;8V.QYF<C&C9-O'FS%QC=ST
M.B.4W:UA.T57*VX,@#3XO_,)0?D:W7\-^/H2UUVE9H1I664_S"7[Y&M*?#?D
M$+#/;:&X`R`*0\Z'53:U'0F;,YKK9=?F!Q9:PV9U:-15667W+522S:,S(&*=
M11:!\)PX(ETY,T[7KX[/KA+77S])=6R<_%Q.R]G3U2D]:&L,%[7&H,LL*-)L
MB<G9JDR<QJ&$FZAKMFU72S)4.2=3"YK2R7.5CFJ)SJF<%6(55.?Y:\1_RV9*
M2:YTUO)5:0U+G7*7MD=91LBJ]=)^[:;%3G[HUD^CR',I[A$B3U-9ZBNDIG!,
MPAW938['*F`_R>8_Y_A<#BAM;3=,VSS^82MZU]$3K_G$C"5N!\H:XVL<RE,<
M=.+L;!0-;A_#4I&2]V+])OF[1LW(8JTNX<%+C*YU>E'E.USC]&<Y+/M:(<O=
M=M[6\HR*WJ%<ZGUA0L+B`34\":7SAX2`>3*<D?!O!6T4O8L,U%\=0C<\EA/.
M"9<B^4BZGZQ_+'4>Z=3V>5!@?-]/O*4\X%0DP_VPG*:N\VS"3\Q>7+B/DF[O
M8#>_JS*LLWQUU48!=KX4N7)G&,X5,F\$_P!IJ?*O'`*;3;;BXQ,Z^_H#^#MW
ML[(9S:([1L@B[8-;M`26FW*ELY,,$5BMFU\>-IE5A5'G5.^74-9$UNN0I,H2
M&NVT_5HF])(R<3[:XT8_U<2JQESH!9LTTZR69CUC\1-`NGA8K+=3$<T4-;%W
MZF,+=7.9@[DQOZ;*F0GRO7_^:]$KR3M7G2>T&"CZDZ@83D?0M&K:J5AR$D['
MHB\Z/@KVONJ$=G?)HN("!D74JOAV@BM`JP5>D6.2>Z**BJ%8K]G7)#[Q@9#A
MUI#3#ZU4VIQ=+UG[//8U*9R1H7#C91YSE0S@+ZK7G,BY2PXC=8L*.V37S$F*
MO&N7QC/LY;G21//#=?[3/U_98ZQ\JMF5B6OD!0;?H6C&1VSSG),.8_7+0ZLD
M_P!(Z^A;M7)>5;I7]BBXG'[QV8DZ[<85<OU,D4P=N7'99,U'$^$O4#F1=MC;
MJUE08^Z:+A7-AG]8R5BI#FR5U[,RFF+WQ52VR\L]7CE[M$7`FRT]X.V\$U8)
MH233%6<IR/@[DV'2K-9CI,T[/Q6`!$/(+XA=W?)#LKX&30$;P__2]F''WXA=
M(_)#K7X&0HKG.\I>```!IURO]0H#>'7MDRG&'L<XUK-;8)-7TI-62PO&[MZC
M"UV`B&K^;GI/$='N7:B+1NL=%DU7<*8*@BJH0%/OE8O9+!FMNI!56JSYJO8F
M4O7[#6)2'G<0L+8R,'L19XJ'E$C+P-C8O$E.Q[)9NZ3.0QBFZ0&X@````..I
ME%L1P[REGI*GE5<S=NHNX5*@F;.,%1;)J.72A28S@A"E,<V?L%QG.>@!I6N]
M@4G;M2A-A49ZI-UF5R^-"2SV!FX%R<S-VZB7YDHZS1<1,M,INFRJ)LG03ZV2
MFQ]G`&S?0$%TWCY2:794K*VD[G/*Q<Y:;%4XNV6=W88VD2UV<SCJUN:V=ZGF
M6,:95LC[&?#W;[+=)P9)OE)+H)@LS:=`0``&GQ?^82@_(UNOX;\?0EKKM*S0
MC2LLI_F$OWR-:4^&_((6&>VT-P!D```!#T;OO54RXC$HBQO)1G-6EQ28>Q1]
M5N#RERMI:2<E".H:-O;>`4ICYRWFH=TS/E)^9,KM`Z.3=ICJ@M2F$$````?@
MZ::I<%5(10N#IJ8*<I3EPHBH55(^,&QG&#I*D*8N?ME-C&<?9P`T1_LJE,=C
M0&H7\@\)?+94[/=8*$-7;&LRE*I3G];B+7*DL"<0I62(P<E<HE!RDJ\(L123
M:ER3I73ZQ:TOPWM---%,B21")))$*FDDF4I$TTR%P4A"$+C!2$(7&,8QC'1C
M`(B?8NG(+9$U6K"^L5XK<M68VQ0":U0LJT2TF:O;W%>=V>LV")<-Y"'DXZ8<
M52/-E?P<D@VPADK9RB59<JI;I(5<K\-4J]!56NL4XNOUF&BZ_!1B)UE$8Z&A
M6*$;&,4E'"BRYTVC)L1,N3G,?."_9SG/3D$9D``1#R"^(7=WR0[*^!DT!&\+
MD".@`IOQ]^(72/R0ZU^!D**YSO*7@```:=<K_4*`WAU[9,IQA['.-:S6V"35
M]*35DL+QN[>HPM=@(AJ_FYZ3Q'1[EVHBT;K'19-5W"F"H(JJ$!3[Y6+V2P9K
M;J055JL^:KV)E+U^PUB4AYW$+"V,C![$6>*AY1(R\#8V+Q)3L>R6;NDSD,8I
MND!N(````#Y+*E0157/A0Q$4SJG*BBLX6R5,N3FPDW;D5774SC'W)"%,<V?L
M8QG.<8`:3K785+VI3(B]:]?K2E1FO#?<E^M!3E<,X\!?N8][T1-BBX>6;]C(
M-54S=HW)TG)GHZ0-F[$113.=0B29%%,8*HH1,I3G*5154I3FQC!C8*JN<V,9
M^T8YL_;SD!K-YIL+L2G66BV+,GB"MD,^@I;,-,2<!*88R"!D%\L9B'=,Y)@O
MU#_8.DH7/_#/27.2Y$34VP&OM70>O5)F0;25@LMFLA(U*QW&VR"$C8YQO"FD
M<PK9ZJQ91<8DVB<2SG")&[5$O2L<QNL<QC9+,VDH$`&GQ?\`F$H/R-;K^&_'
MT):Z[2LT(TK+*?YA+]\C6E/AOR"%AGMM#<`9````0]&[[U5,N(Q*(L;R49S5
MI<4F'L4?5;@\I<K:6DG)0CJ&C;VW@%*8^<MYJ'=,SY2?F3*[0.CDW:8ZH+4I
MA!`````!'[W9%(CMF5_5+Q\Z1V):JC9KG7XOR<L2B$E4J;)5N+M4FE9$H@]<
M20@96XQ*+E)1Z15-63:XR3I73ZQ:TOPWM1%%7J]JDFKU,E,3M$RGZIB*IK$,
M7K8SU<D61(?&<?:,3&?MXP"/J`@O/'RDJWJ3O#R3N<D25MT5L%:G2EG=R-+;
MWV$:P;.*ML?&.TU9%B]8H5MEV31-X6+240*H1J53I-DMZ4G0$`$0\@OB%W=\
MD.RO@9-`1O#_T_9AQ]^(72/R0ZU^!D**YSO*7@```5$Y"4"]N=P\8MYTRLO=
M@LM*S^S8^W:_BI&"C9YS`;5I):SB\U<UIEX.O2$_27T>D0[-9VU7<1$F_P#!
ME#KE(T=FHG28:YNJN[;NUJJDFPUI;G&K7M)WC6K?3:S?:W4M@&V-9(;6)--[
M7<.65HAXQ/-6;UJR0[<Z<NY>Q3J8CI/"2>6AE&(B8CSJK10^/G)IC9XI]MME
MM6^3K;9^@R6FZ5W=2<55[-4F_$F*U_O::B:RKMR&=Q--E]TD>O%(GW/;NU55
M$'*#10J1#IS59GKX0I#:IY#3[J6TC)*;T@-S5_AYKF1UZ[QOIZ6*U9LMMR`W
MW"4*\VEU"[9?1<\U1J<=%GD.P3F%Y"(C%F;DAW"B2"Q=*OVD:^:BYA6M[O--
MGKG:\$QN4!8V$`VKN\*A'LWTY&<KC6JL3!+"7=C.UO#3&F)%3"9GJ,8@RAT<
M0>&3=-NBBY)<::MB>ZWVQ3)>,81$S)5:^2?(K>5&UUKR[[2CK/)6KC-O%%DS
M?WVM0?E;<74FYT;/J8N+5%_A-VSAV$O&EPS)*9/@:3]*=E5,LS7W4N>O(JG6
MN,8:F0JL)$RT@^@I2(N+![5FD@T+6I9.US$QE["G(>/?HV`L9)%<I%<Y349.
MFKUQ69Y=0+OC5RH/J:L,X?6NVJ]<JQQ9W7#P<%$;PIU?;PV^)C?E9N6K3$9U
M_=:%04F6E92D'2TAUE6/9]1%==14B*)9JW$]?/*]="8;8KM_VK;+YIK:EHLM
M3F=R6"D7"M[*H2-:VGK>UNXF=U]K&"I;W:<*R4O]6C(=C!-$[-'PL)&O&K]^
MA+E]U'*SVLS6E2O"#(```#3XO_,)0?D:W7\-^/H2UUVE9H1I664_S"7[Y&M*
M?#?D$+#/;:&X`R``#@2C-21C)&/2>.8Y5\P>,TI!F<R;MBHZ;J($>-5"F(9-
MRV,?!R&QG&<&+C/2`H]QPI^Y=:\6-;<:7VL30&P=0:KKVIH[8SN4I3W5LQ)Z
M_@"5^L;<C/`)J:MBN+`\@4)GW/=0J4BVDE>S<X33R1Z<U-3,S:N+G1G*2:0U
MF[3@-JUV&RCPM;;9I#?=S5*1D;_0MISB_(O9"-@8[/CCOHJ3U]@B<DX*X]T[
M:LJS=>!Y=M,J9BW'[HJW=KO?^K-0;*NS>&WA2Z[!<<N?T7.22N]&[Z3C72O)
M/6=NX=M6^8G<<Q((N8G2D+.M&BK'H38-GRC)^=/PE5/)8J9B/<?^V];PT-RN
M3JG(:!T?4]MN(?8T7NI_J!A+[VC92T:IV%*<>*7"5*98+W;<+=C$-K-NUH_>
M-'Y)277K+M-V_:-$5)8KQB2)BXMOCW3>W3;UL.R;-6=HUW5T_P`N[%;KB_L.
M](=*$@.*4_[-YOKVRIOXI+<C]C!PT;RN:)O?!6"/A;`[!)^V*1HW04*+BJ]?
MRE?C3*6_7^OJE8KPC,;5<R=OJ_&*F7&E3M?EV]BU=0+%:JK3N0-I;S-@@FSJ
M4OKE123LBT(60<G:F;+(-EVC4Z^*DZ_NXO+_`%?N38.PUY/6=&N$B@SX)\W=
M51-PK-WJ-+=-=O;CG.,\SJN$BI!U?ZM;8UZX7T](F5D")(L&ALH85<X*H?J)
M.LQ&_,(NBM6<CJ9-SC<^K=I7?33S=M%G9[6Q-O4Z1LMHI5@XEL:+;G];?6W<
M+1JBVJW(9(LM)QK^8B2N%\*RS##IR1/MHMQSJ[(-<'D6D`SK#^JV^O)TZ(JD
M`TD+=9HNX.+(5.IPCET\;6=*QSEEL*T2]<*1SZ0F46+U](M%URD6042<K5F4
M@@@``(AY!?$+N[Y(=E?`R:`C>%R!'0`4WX^_$+I'Y(=:_`R%%<YWE+P```*B
M<A*!>W.X>,6\Z967NP66E9_9L?;M?Q4C!1L\Y@-JTDM9Q>:N:TR\'7I"?I+Z
M/2(=FL[:KN(B3?\`@RAURD:.S43I,-<W57=MW:U5238:TMSC5KVD[QK5OIM9
MOM;J6P#;&LD-K$FF]KN'+*T0\8GFK-ZU9(=N=.7<O8IU,1TGA)/+0RC$1,1Y
MU5HH?'SDTQL\4^VVRVK?)UML_09+3=*[NI.*J]FJ3?B3%:_WM-1-95VY#.XF
MFR^Z2/7BD3[GMW:JJB#E!HH5(ATYJLSU\(4AM4\AI]U+:1DE-Z0&YJ_P\US(
MZ]=XWT]+%:LV6VY`;[A*%>;2ZA=LOHN>:HU..BSR'8)S"\A$1BS-R0[A1)!8
MNE7[2-?-1<PK6]WFFSUSM>"8W*`L;"`;5W>%0CV;Z<C.5QK56)@EA+NQG:WA
MIC3$BIA,SU&,090Z.(/#)NFW11<DN--6Q/=;[8IDO&,(B9DJM?)/D5O*C:ZU
MY=]I1UGDK5QFWBBR9O[[6H/RMN+J3<Z-GU,7%JB_PF[9P["7C2X9DE,GP-)^
ME.RJF69K[J7/7D53K7&,-3(56$B9:0?04I$7%@]JS20:%K4LG:YB8R]A3D/'
MOT;`6,DBN4BN<IJ,G35ZXK,\NH%WQJY4'U-6&</K7;5>N58XL[KAX."B-X4Z
MOMX;?$QORLW+5IB,Z_NM"H*3+2LI2#I:0ZRK'L^HBNNHJ1%$LU;B>OGE>NA,
M-L5V_P"U;9?--;4M%EJ<SN2P4BX5O95"1K6T];VMW$SNOM8P5+>[3A62E_JT
M9#L8)HG9H^%A(UXU?OT)<ONHY6>UF:TJ5X09````:?%_YA*#\C6Z_AOQ]"6N
MNTK-"-*RRG^82_?(UI3X;\@A89[;0W`&0``<"49J2,9(QZ3QS'*OF#QFE(,S
MF3=L5'3=1`CQJH4Q#)N6QCX.0V,XS@Q<9Z0%'N.%/W+K7BQK;C2^UB:`V#J#
M5=>U-';&=RE*>ZMF)/7\`2OUC;D9X!-35L5Q8'D"A,^Y[J%2D6TDKV;G":>2
M/3FIJ9F;5Q<Z,Y232&LW:<!M6NPV4>%K;;-(;[N:I2,C?Z%M.<7Y%[(1L#'9
M\<=]%2>OL$3DG!7'NG;5E6;KP/+MIE3,6X_=%6[M=[_U9J#95V;PV\*778+C
MES^BYR25WHW?2<:Z5Y)ZSMW#MJWS$[CF)!%S$Z4A9UHT58]";!L^49/SI^$J
MIY+%3,1[C_VWK>&AN5R=4Y#0.CZGMMQ#[&B]U/\`4#"7WM&REHU3L*4X\4N$
MJ4RP7NVX6[&(;6;=K1^\:/R2DNO67:;M^T:(J2Q7C$D3%Q;?'NF]NFWK8=DV
M:L[1KNKI_EW8K=<7]AWI#I0D!Q2G_9O-]>V5-_%);D?L8.&C>5S1-[X*P1\+
M8'8)/VQ2-&Z"A1<57K^4K\:92WZ_U]4K%>$9C:KF3M]7XQ4RXTJ=K\NWL6KJ
M!8K55:=R!M+>9L$$V=2E]<J*2=D6A"R#D[4S99!LNT:G7Q4G7]W%Y?ZOW)L'
M8:\GK.C7"109\$^;NJHFX5F[U&ENFNWMQSG&>9U7"14@ZO\`5K;&O7"^GI$R
ML@1)%@T-E#"KG!5#]1)UF(WYA%T5JSD=3)N<;GU;M*[Z:>;MHL[/:V)MZG2-
MEM%*L'$MC1;<_K;ZV[A:-46U6Y#)%EI.-?S$25POA6688=.2)]M%N.=79!K@
M\BT@&=8?U6WUY.G1%4@&DA;K-%W!Q9"IU.$<NGC:SI6.<LMA6B7KA2.?2$RB
MQ>OI%HNN4BR"B3E:LRD$$``!$/(+XA=W?)#LKX&30$;P_]3V.:RK^]:/K;7U
M+D-11KM_4*/4ZN^=,]E066;EY`0+")<N&N5XU);+999H8Q.N4INKG'3C&?L!
M:8^V\>$;J[FFWI)KOX"+:8^SPC=7<TV])-=_`0LQ]GA&ZNYIMZ2:[^`A9C[/
M"-U=S3;TDUW\!"S'V>$;J[FFWI)KOX"%F/L\(W5W--O237?P$+,?;#EAMEEF
MSV8O'^O%LBC`L6I8"W>H8FU(PBO;$CCRV(KP\S`JWW>$<J=G@WV>CI$OTN/Y
M.+:;AMBH1C65E=,]9J[L=/JZ6&FQ*VLK[I7>VPE+AC'(=LEC#8LQ/H97-TYR
M1'!C8*;.,%RLQ]LFHSVNM)-9E71,.K,,6;R/92JE^JIY)FPD56:\@Q:OC1N7
M3=F_7CFYUDB&P14Z">38SDA>A9C[<_PC=7<TV])-=_`1;3'V>$;J[FFWI)KO
MX"%F/L\(W5W--O237?P$+,?9X1NKN:;>DFN_@(68^SPC=7<TV])-=_`0LQ]G
MA&ZNYIMZ2:[^`A9C[/"-U=S3;TDUW\!"S'VR%'K>QW^UH6Z6NGL:C#U_7M\J
MY"EM3&P/)&2N%DUE*M3(HQ[-)-NV9-:.X[4RA\9R=9/!2Y^ZR6-1%>5E`%:[
MQ6]CL-K35TJE/8VZ'L&O:'5SE-:F-?>1TE3[)LV5=&61D&:J;AL]:WAOV1DS
MYS@Z*F#%Q]SDPF+\L?X1NKN:;>DFN_@(MLX^SPC=7<TV])-=_`0LQ]GA&ZNY
MIMZ2:[^`A9C[/"-U=S3;TDUW\!"S'V>$;J[FFWI)KOX"%F/L\(W5W--O237?
MP$+,?;&3,;M&QQCR$L&A(.=AI!/"+^(F;U4Y2,?(X.17"3Q@]C%VKE/"B93=
M4Y#8ZV,9^W@2_2X^W/1-N1NBDW;Z58H(()D1001V-6TD444BX(FDDF1@4B::
M9"XP4N,8QC&.C`MIC[:S`V;9U]@Y)PWT@@ZB<S=VIL@SE;]5S).W-0M,[1K"
M@LU,T<(.(YS)P;C"?7Z<+-S%R8I>MDN):X^VQM2[@8M6S)EI*.9LF:"+5HT:
M[#K+=JU:MTRHMVS9NC'D20002)@I"%Q@I2XQC&,8P%F/M]_"-U=S3;TDUW\!
M%M,?9X1NKN:;>DFN_@(68^SPC=7<TV])-=_`0LQ]GA&ZNYIMZ2:[^`A9C[/"
M-U=S3;TDUW\!"S'V>$;J[FFWI)KOX"%F/MH^S:_O6\:VV#2X_44:T?V^CVRK
ML73S94%AFV>3\"_B6SAUE"-56PV16=E,?J%,;JXST8SG[`EKC[7<!0!2/65?
MWK1];:^I<AJ*-=OZA1ZG5WSIGLJ"RS<O("!81+EPURO&I+9;++-#&)URE-U<
MXZ<8S]@+3'VWCPC=7<TV])-=_`1;3'V>$;J[FFWI)KOX"%F/L\(W5W--O237
M?P$+,?9X1NKN:;>DFN_@(68^SPC=7<TV])-=_`0LQ]GA&ZNYIMZ2:[^`A9C[
M8<L-LLLV>S%X_P!>+9%&!8M2P%N]0Q-J1A%>V)''EL17AYF!5ON\(Y4[/!OL
M]'2)?I<?R<6TW#;%0C&LK*Z9ZS5W8Z?5TL--B5M97W2N]MA*7#&.0[9+&&Q9
MB?0RN;ISDB.#&P4V<8+E9C[9-1GM=:2:S*NB8=688LWD>RE5+]53R3-A(JLU
MY!BU?&C<NF[-^O'-SK)$-@BIT$\FQG)"]"S'VY_A&ZNYIMZ2:[^`BVF/L\(W
M5W--O237?P$+,?9X1NKN:;>DFN_@(68^SPC=7<TV])-=_`0LQ]GA&ZNYIMZ2
M:[^`A9C[/"-U=S3;TDUW\!"S'V>$;J[FFWI)KOX"%F/MD*/6]CO]K0MTM=/8
MU&'K^O;Y5R%+:F-@>2,E<+)K*5:F11CV:2;=LR:T=QVIE#XSDZR>"ES]UDL:
MB*\K*`*UWBM['8;6FKI5*>QMT/8->T.KG*:U,:^\CI*GV39LJZ,LC(,U4W#9
MZUO#?LC)GSG!T5,&+C[G)A,7Y8_PC=7<TV])-=_`1;9Q]GA&ZNYIMZ2:[^`A
M9C[/"-U=S3;TDUW\!"S'V>$;J[FFWI)KOX"%F/L\(W5W--O237?P$+,?9X1N
MKN:;>DFN_@(68^V,F8W:-CC'D)8-"0<[#2">$7\1,WJIRD8^1P<BN$GC![&+
MM7*>%$RFZIR&QUL8S]O`E^EQ]N>B;<C=%)NWTJQ0003(B@@CL:MI(HHI%P1-
M)),C`I$TTR%Q@I<8QC&,=&!;3'VUF!LVSK[!R3AOI!!U$YF[M39!G*WZKF2=
MN:A:9VC6%!9J9HX0<1SF3@W&$^OTX6;F+DQ2];)<2UQ]MC:EW`Q:MF3+24<S
M9,T$6K1HUV'66[5JU;IE1;MFS=&/(D@@@D3!2$+C!2EQC&,8Q@+,?;[^$;J[
MFFWI)KOX"+:8^SPC=7<TV])-=_`0LQ]GA&ZNYIMZ2:[^`A9C[/"-U=S3;TDU
MW\!"S'V>$;J[FFWI)KOX"%F/L\(W5W--O237?P$+,?;1]FU_>MXUML&EQ^HH
MUH_M]'ME78NGFRH+#-L\GX%_$MG#K*$:JMALBL[*8_4*8W5QGHQG/V!+7'V_
M_]7W\``````````"&M[?F3!_++QS_B$U@"PF4$``````````````````````
M``0UHG\R9SY9>1G\0FSP64R@@``````````````````````(:WM^9,'\LO'/
M^(36`+"900```````````````````````!#6B?S)G/EEY&?Q";/!93*"````
M`````#__UO?P``````````-3NU)KVPZ\M5K2C)K1"TG79G.(:Q6*J2B$I5+%
M%6ROO65@J<K"3\>M'S\(U7QE!TGA3"?9J==(YR&#1O,32?QYN7Z1G(3YSP6S
MS$TG\>;E^D9R$^<\"SS$TG\>;E^D9R$^<\"SS$TG\>;E^D9R$^<\"SS$TG\>
M;E^D9R$^<\"SS$TG\>;E^D9R$^<\"SS$TG\>;E^D9R$^<\"SS$TG\>;E^D9R
M$^<\"SS$TG\>;E^D9R$^<\"T9VC5,!';&U9`L[/N5&)L?EO[LM/6$WTIX9[C
MP3=Y'?TZNR3N6_@[D^3?T1T^OT]!NMC[`'B4F>8FD_CS<OTC.0GSG@6>8FD_
MCS<OTC.0GSG@6>8FD_CS<OTC.0GSG@6>8FD_CS<OTC.0GSG@6>8FD_CS<OTC
M.0GSG@6>8FD_CS<OTC.0GSG@6>8FD_CS<OTC.0GSG@6>8FD_CS<OTC.0GSG@
M6>8FD_CS<OTC.0GSG@6WFDTFO:\KR-6JR,FC$(R=BF<8F;%8K7*+REKL4K;+
M`]>V"V2LW/R"TA/S;I?.5W2F$\*=FGU$B$(4C;``````````````````````
M``:G=J37MAUY:K6E&36B%I.NS.<0UBL54E$)2J6**ME?>LK!4Y6$GX]:/GX1
MJOC*#I/"F$^S4ZZ1SD,&C>8FD_CS<OTC.0GSG@MGF)I/X\W+](SD)\YX%GF)
MI/X\W+](SD)\YX%GF)I/X\W+](SD)\YX%GF)I/X\W+](SD)\YX%GF)I/X\W+
M](SD)\YX%GF)I/X\W+](SD)\YX%GF)I/X\W+](SD)\YX%GF)I/X\W+](SD)\
MYX%HTW3JF`J6G-LVJOV?<L?/5G6=[L$(_P#6$WTZ\"EX:K2LC&N_!7NR7+)S
MX,];$/V:R:B1^KT'*8N<XR(27YB:3^/-R_2,Y"?.>!9YB:3^/-R_2,Y"?.>!
M9YB:3^/-R_2,Y"?.>!9YB:3^/-R_2,Y"?.>!9YB:3^/-R_2,Y"?.>!9YB:3^
M/-R_2,Y"?.>!9YB:3^/-R_2,Y"?.>!9YB:3^/-R_2,Y"?.>!9YB:3^/-R_2,
MY"?.>!;>:32:]KRO(U:K(R:,0C)V*9QB9L5BM<HO*6NQ2MLL#U[8+9*S<_(+
M2$_-NE\Y7=*83PIV:?42(0A2-L``````````'__7]_````````````,1/3\#
M58:1L5GFXBN5^':J/I>=GI)G#PT4R1QTJO)&3D%F[)BU2QG[I14Y2%_XY`17
MZRG'/O\`M*>E2B^/0#UE..??]I3TJ47QZ`>LIQS[_M*>E2B^/0#UE..??]I3
MTJ47QZ`>LIQS[_M*>E2B^/0#UE..??\`:4]*E%\>@'K*<<^_[2GI4HOCT`]9
M3CGW_:4]*E%\>@(FM_(/0CG:6GY!MN_4+AA&><#W2?(;*IBK./\`#:ZV09^'
M.4YHR+3PM8N2)=H8O:&QT%Z<@OB4L^LIQS[_`+2GI4HOCT$/64XY]_VE/2I1
M?'H!ZRG'/O\`M*>E2B^/0#UE..??]I3TJ47QZ`>LIQS[_M*>E2B^/0#UE..?
M?]I3TJ47QZ`>LIQS[_M*>E2B^/0#UE..??\`:4]*E%\>@-XI^Q]>;"(_4H%\
MIEX3BC-B2BE/M$'9B1IWF%C-"/S0KYZ5F9T5LIE/"G5R?"9NKT]7/0&Y@```
M````````````````````````AMYR*X^Q[Z1BW^]=-L9.'DY.$EXYYLZDMGT7
M,PK]Q%3$1(M%ILCAC)Q,HS5;.6ZI2JH+I'3.4IRFQ@/AZRG'/O\`M*>E2B^/
M0#UE..??]I3TJ47QZ`>LIQS[_M*>E2B^/0#UE..??]I3TJ47QZ`>LIQS[_M*
M>E2B^/0#UE..??\`:4]*E%\>@'K*<<^_[2GI4HOCT!$^^N0>A)C1FZ(B(W?J
M&5E974^Q8Z,C([95,?2$C(/J?,-F3!@R;32KEX]>.52II))E,=0YL%+C.<XP
M!&\)8]93CGW_`&E/2I1?'H!ZRG'/O^TIZ5*+X]`/64XY]_VE/2I1?'H!ZRG'
M/O\`M*>E2B^/0#UE..??]I3TJ47QZ`>LIQS[_M*>E2B^/0#UE..??]I3TJ47
MQZ`>LIQS[_M*>E2B^/0&<KF[M+W"8:5VH[=UA:;`_P`.,L8*N7ZJ3<P]PT;+
M/766D9&2SIZYPV9MU%5.H0W42(8V>@I<YP$G@```````````_]#W\```````
M`````A#D?\2MY_NT1\(H@%A]17(`````````````````````:YK?X\MK?)1H
MWX7\@Q);Z[?*QH*``````````````````````````"HFH_S>M/RU\C/X@MFB
ML3NE$$````````````````````:%8_C(X]?*O8/\`]W!+77RM.(T````````
M``#_T??P```````````"$.1_Q*WG^[1'PBB`6'U%<@!^%,J83/E(I#JX(;*1
M%#F23.I@N>H4ZI4UC)D,;HQDV"&SC'V>C/V@%$('F98;5(Z4@8'4D3FP;L>\
MDF,2VF=F+QL7"+<9K<I4;7[I2K;7DHHH6?=(F5C\D;]7J=&%\I?9SA;4]:O7
M_P`EK;SVA$,\KNG[=2]5S-C@=M:.W]OA!*3MD+6IN(KO&F6I<3LF%02.TE:O
M-3+U2[MS03@DNA#RA$5%3/6S<R"ZRS'?5.]]Y-0]5U[H'95?K3RRU_D'?M,4
MFM$?OE*Q(1*6[S,_)F:E&:T5*J%(P3?$,\;?<+)_9P7K&QT`E:S'F&RUO>T5
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M3NQQIQ72K9>JHS[O<>X:OII`J5@/'-X";M$)8IM"557/!/5)&+:I5EPF?H21
M6,8Z><%Z,FZ@B+MD[_N-I4]AZ[U!`PV;5L_9L3=K/"0BDC[BPT-2]=IP*=LN
M=MG2,)AS%0;2:MT-%(%;,7SQU(RR!2(>#INW#81&\^&\4RP3\^TE_*6HNJ=*
M0T^^A#LEI!*78RC=J@S<-;!!2R#9FG(0<L@\P=`QDDET^@R3A)!RFL@D1N(`
M`US6_P`>6UODHT;\+^08DM]=OE8T%``````````````````````````!434?
MYO6GY:^1G\06S16)W2B"(9W#MASJH^K\)5I.Q)[(VM5=5Y.:;S#FA'=L)(&9
M3)R>Y$I[HM6QHXQ54L91/]T7)<YQUNJ6%>('FR@[GF;:QZX-#UB3Y66GA]&S
M,1<4K!/*;/KK^68-Y=S4G-<@#YI,F>&5,=TS>/7K%//;.&A&J:[A%:X^_%N7
MJCFHQV'L:`U[-ZY?U8USV?R;U#3YV/LK6SLWEQXI6^:J>Q$YYD>)K\C!14U[
M@N'L*[33>HKH$PF\RQ<J((++)ZUJV>S\JBUJ:Y=1!Z(9WCB9JZN;2EW)+-A'
M-SC;'4+?=&\9'(9KZF(AZWC:6Z3.94ZR>5U$L8SU3'.1>YC>/M-<-MFFO$Z?
M&3=FIM=O-RBHE]%T5U<(H\VN\F8=W.,XMBV<8824FY4C8YTL3LFG6519N%"$
M,1%0Q25NK=-<V*Y7.,-AY!3T)78JP0F-MY9ZM?;#9M'UDSJ#:<SJ^=S`3CJO
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MUNP^=5./HJE,P[AY-HG6FZ4C(OTKXQ,D=%<J)3)N"F-T)I&76U/6K]).Y`;J
M\Q59I=CS6O*CRSW)IS3+9GB9]Q?`I?=6QJ[K*ORZ[C,5+=K&Q<[9VZSPI285
MPT*H9/"BA2I')$6_&T-UJ:VV3QWUQY+DF7?(.]VJA1TG[NFCF]:D*EJN\;=?
MO7J'N,^5D&;BNZ^?((]F9,^7JB!38*D=15(1%Q,\.;:]R(1>UZ[H^J0F+3LF
M;I,SLN0:O94U?KE4H4/+L:XE-V*<3C)QX1U8;)(%9QC-JQ=*N3-W2A^Q1;'/
MD5I;?J//S=FKJ4I8ZF]I,R66LT2\K[YXA(G3Q7K-+U]K+,W[=)N1[#65G&)R
M4>J9)%11B[1RHFF?)B%)+;@&A6/XR./7RKV#_`/=P2UU\K3B-```````````
M_]+W\````````````A#D?\2MY_NT1\(H@%A]17(`?A3*F$SY2*0ZN"&RD10Y
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M!;*#[#7)7"ERTB^&AS_`*S.DY$M9VE'P#M]![RE6SUS!R4HTBMD[DY<U7EVF
M1&#3EXY)QK&`LE3)!N(M-RT<R<8\64RN@ODV592Y<Q_Y5)!@^+&SV=\KNQ9F
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M13`\=&,$#X(1O',DG#IZ]<$;))XRHX75R=PN910I$$C)MT3+-@`#7-;_`!Y;
M6^2C1OPOY!B2WUV^5C04``````````````````````````%1-1_F]:?EKY&?
MQ!;-%8G=*((@;>>K;'M!33_N#*PL4CKG=-+VM,>ZZ+Y=2884]*5+BOQN662E
M8/))>3*?PQ7MB(D1R3L%,JX.D6/*GT+P#FT+>M9W=DUM`2JG,B8Y9$V'5J*[
MSN%M&R=UQ;'.G(Z[+RD<9E7+#&=>"FW:B3E&2@W3QKX`GX3A1"4UE^U+%\8^
M-$=HI'8DK,QU&E[Y?-T;\VB:[PE=0:6!M!;RVU8-KJ4AU..VF)EZRK;J;29=
M?MBHO<,4E\H(YZ$DZS,W2)]F<(VVS;=S)M=@;ZTF7O)7454UE1GMCJB<W*ZL
M>UJEW2GFLA7KUFNJ],]5N!9#"#,[$Z2D>1+MCY5PN@K=8[5CZEE&W$&Q.)M_
MB:NT>:K63=''+D1.-XYM()V&#V/QWJ&JZ>W@ZI*'421\AKZVTQ!*O4G!"KM4
MEI5MT.2R156:BT.2_`?;"M#O5/@]M4EIYT-5[@U=;4IBIV"5CHM._P"]]C;N
MK-GJF&MAB5F\A#><]_#RK9P4Y)5-LS=$5:Y0,V5E+E%Q-)6><1[TXV#*W?%O
MJ:A7F^=N;H0998S#8W9[$XPM..D9`*GP9YA,\<JW-,+KXR?!RFPT(3I+ER91
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M#$;%T;O+8>RM`[0>7/6C22T-M2VW^'K:4%8LP4A$V;1-\TTI#.'WAONOF94>
M;(?RBK_)O!BHM&;1-D4^'#Q<1,1$PRZNCMJM]QUCD2PN5)<[()3+'JS8-5>0
M,PSI%EUFZN1;;1HVM2K>1=3U5M%#=864/(N4)=&74DGQ3MFR9F.&!+BJ\+2P
MC>8:QR2<_)-9:5RHY5<NV$=F*8XPLY550;,V)W<@LD@S;F(E@RBZJBF29.8W
M2;HP1E@&A6/XR./7RKV#_`/=P2UU\K3B-```````````_]/W\```````````
M`A#D?\2MY_NT1\(H@%A]17(`````````````````````:YK?X\MK?)1HWX7\
M@Q);Z[?*QH*``````````````````````````"HFH_S>M/RU\C/X@MFBL3NE
M$$````````````````````:%8_C(X]?*O8/\`]W!+77RM.(T``````````#_
MU/?P```````````#4KW3H_8%0GJ;*/)*.93['+-21ASLTY6/4*JFX;/X\TBQ
MDX[PMFZ1(HGAPV<(&,7&%$SDSDN0BKS%V#]X3='Y*T%\Q@)4<'F+L'[PFZ/R
M5H+YC`*C@\Q=@_>$W1^2M!?,8!4<'F+L'[PFZ/R5H+YC`*C@\Q=@_>$W1^2M
M!?,8!4<'F+L'[PFZ/R5H+YC`*C@\Q=@_>$W1^2M!?,8!4<'F+L'[PFZ/R5H+
MYC`*CA'ECUG<HJ_:WK37D%M[,=:_+#W4,K"Z$.Y+[A0R#]EX*KC2!2I=*ZF>
MOTE/UB_8QT?;!:BIT2'YB[!^\)NC\E:"^8P$J.#S%V#]X3='Y*T%\Q@%1P>8
MNP?O";H_)6@OF,`J.#S%V#]X3='Y*T%\Q@%1P>8NP?O";H_)6@OF,`J.#S%V
M#]X3='Y*T%\Q@%1P>8NP?O";H_)6@OF,`J.#S%V#]X3='Y*T%\Q@%1PW#7^K
M4*)+6*?<7&WW>>LL=78=[+6XM/07;Q%6<V-[#QS-K2JC3HLB2+RV/E3J*-U7
M"F5L8RIU"$*4J4@```````````````````````````5S;\>G$:O-9@MV[>@(
M^:M=QM^89@STN[81LA>+7,W*9:QZ\YIV7E\QZ<Q.K]@5PZ<*D2ZI3*'SCIR*
MCARO,78/WA-T?DK07S&`E1P>8NP?O";H_)6@OF,`J.#S%V#]X3='Y*T%\Q@%
M1P>8NP?O";H_)6@OF,`J.#S%V#]X3='Y*T%\Q@%1P>8NP?O";H_)6@OF,`J.
M#S%V#]X3='Y*T%\Q@%1PCW;FL[E2-4[.ND-R"V\:8J&O;I:(HKV%T(NS-)0%
M;DI5B5VBGI%%19METT)VA2G)DQ.G&#8^V"U'"0O,78/WA-T?DK07S&`E1P>8
MNP?O";H_)6@OF,`J.#S%V#]X3='Y*T%\Q@%1P>8NP?O";H_)6@OF,`J.#S%V
M#]X3='Y*T%\Q@%1P>8NP?O";H_)6@OF,`J.#S%V#]X3='Y*T%\Q@%1P>8NP?
MO";H_)6@OF,`J.'.A-'FCK15[1-[4V5=E:?)/YF$B+(WU<RB49:0K<]4U'Z^
M:;K*IRSA1&%LKPA$S.^QZZF#F(8Q"YP72-H3H```````````#__5]_``````
M``````````````````(:NWQO:1__`+*^##0%C:4R@@``````````````````
M```````````````````````````````AKD9_E[WM\C6S_@1.`L;PF4$`````
M`````````````````!__UO?P```````````#6;G;H:AU:;M]@,[+$0+([UYA
M@R<2+Y7&#D21;,F+4BB[EVZ<*D23)C&,9.?'3DI>G.`BGU@8GNXW#[Q%?&`&
MG)ZP,3W<;A]XBOC`#3D]8&)[N-P^\17Q@!IR>L#$]W&X?>(KXP`TY/6!B>[C
M</O$5\8`:<GK`Q/=QN'WB*^,`-.3U@8GNXW#[Q%?&`&G)ZP,3W<;A]XBOC`#
M3E&UGV]B3V'K"P,]8[>4BZSY:^["QJ7A,[?W9@V[*/ZB)Y/"J_:N$\XSU,9Z
MN/LYZ,`MQ4ZI)]8&)[N-P^\17Q@":<GK`Q/=QN'WB*^,`-.3U@8GNXW#[Q%?
M&`&G)ZP,3W<;A]XBOC`#3D]8&)[N-P^\17Q@!IR>L#$]W&X?>(KXP`TY/6!B
M>[C</O$5\8`:<GK`Q/=QN'WB*^,`-.6YT3:4!?W\[$1\;9H2:KK2%D9.(M,$
MYA'Q(NQ+3;:&DD.T,JV<M'SNMOTL=13)R';&ZY2X,3)PDD``````````````
M`````````````%3X7:>[+3FQ/X6&U:SB(V_[,I\:E*/+:O(K,Z#L2T45!\^,
MT;I-B.9-.NX<G33QDB65>I@QL%ZV27$,SY7[_P#O'3W]?=?[,*,HXD\K]_\`
MWCI[^ONO]F%&4<2>5^__`+QT]_7W7^S"C*.)/*_?_P!XZ>_K[K_9A1E'$GE?
MO_[QT]_7W7^S"C*.)/*_?_WCI[^ONO\`9A1E'$GE?O\`^\=/?U]U_LPHRCB6
MH;!-ON_4&[T5;S0QB5UJ%EJ2LDGY9NE(].QPKV'.]3;&RB5P=H5YE3!,G)@^
M2]'6QT](491PV_ROW_\`>.GOZ^Z_V8491Q)Y7[_^\=/?U]U_LPHRCB3ROW_]
MXZ>_K[K_`&8491Q)Y7[_`/O'3W]?=?[,*,HXD\K]_P#WCI[^ONO]F%&4<2>5
M^_\`[QT]_7W7^S"C*.)/*_?_`-XZ>_K[K_9A1E'$GE?O_P"\=/?U]U_LPHRC
MB7[BME;487;7U?N43K]6(O=CE:P5U67=C))1KQC0[E=T7ADI5`S5RV4)3CMS
M$ZQ#8RO@^,_<9*8L3$[+*````````````__7]_````````````(0Y'_$K>?[
MM$?"*(!8?45R``!!^PMS):]V=JF@R,.PS$;+8;$D'5Q?V-.(9U)MK>O(666<
M23-Q%+(+LUXU;.2K9=H$2RF;*G5+C!LEB+MS*QR)T#=8AU/T_=NI[3",6U?>
M/I6O["JDNP8L[9'NI:L.GSEC*KI,VT_%L'#AHHIDI5T6RQR9R5)3)14\,/"<
MH=`6&6O41';8H^5==/ZW&6=X[LD0QC$7]LJ"5\A&\>_=O$4);PJJK8===OE1
M+H(J3!LJ(+D2%3IHBG8G+]&D6C8<+%TR)N$+2JKP]O$3:(J^EPQMM7Y<[DV+
MIF)?,2MZI(M$%*I*Z]/(%[)RZ;RK!XF8B[<Y<ERM8ZW6O/Z+)+;7U<WDK!#N
M-D4-"6J<2XGK1&K6Z`2?5R#:2"\0[F)UJI(%6B8QI*ME&RRZ^$TDERY3-G!O
ML`S2(*AR48W/6.^=EQ-?8.F>D;EMFI^#1]J3D65K)JEF5Z\?MI=&$3+%K21>
MNEEOE!QEJNGDAE#]&<X+6L0T?6G-.IV>1J$=LB'B-4)WOC9%<JX&P/[U%RE1
MBM62,E4H=9.^3TI&U'%*LS21NS`A$5D5H]Z7#G+5ZMEHN4BUGK.OUI/,QN*I
MIVJNTRLVW5L[992_6#7,M7G^SXB'L<9:8'5<KM)S6XVOLX^?DIRY-(4L6^?0
MYBM';&NR)I<W71131<DI`"O->K-N.>J-[/8>"83FTR:=<,M6O+\P0L#5EM[8
ME:UTT=L72D)AU-(PTG92*&-A@W3<=B=,IB*=7&5KCK,)47Y1Z/KB$NXV+N31
M='396B^04>HZW)4UT';/7N4#6-S)+R.8).(F:^@Y3S,L,>$8AU54TEES'4+C
M)*GA)#O;.K&%@AJH^V506=HL3EFR@*ZZN%?;SDV]D8_,O',HF*5D"/9%Y(Q)
M3.FZ2)#J+MBF5)@Q"F-@5/"000``&N:W^/+:WR4:-^%_(,26^NWRL:"@````
M``````````````````````J)J/\`-ZT_+7R,_B"V:*Q.Z400`5IYBW6X:VXP
M[KV'0+"YJUQI%$F+1`3#:.@97L7\0EATDBXC[)$S<4Y9N>IV:I3(=?J&SU#D
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MC&^4L*M(UZ?<K),E7JB&6#YL=5%%\5R@@)BHGFU5+/ROW?4+ER`?'N5I=PNK
MO:`:>T#$YG:104-&5S3U]J_&R7MRVT;Q&5=A<Z^_B$ML31HV3(_R4LEF'0<I
MK(J+]I+7&-/HM+L?F+!PM(L2JU8V)#NUZ#S2EDY6D.Z(\LT"KP^N;C7%XDZ^
M6Z85JSB2DGA\2M?-(-7+91)+JOVA3?\`+*6TCK/[?JQ]/Y&SS+=NQ:--S,M:
M<7.T:'IVC*K((UB(Q&3UTT)>=R6YL]GXBNLLECV=7UU,S+A=VF_7Z6AF[5,Y
ME&[;(I"6J^;ECK.JH*Z;2CMM;#MK71Q+]/Q4>GI:+@9;+_D/+ZJ:OD,,\5UX
MUM<,=TW2D>S<(1!F")3-&KASUC`5%[K`S/.>J5^IV"<F==W&.L%4F>0<5.U%
MT_K)5<>K;75;E=THBRI2RU7E)R:J/9O(:/,Z06>?\QE4S=NR>.4%F-^5SZ]+
M&GX"#G3Q4K!'FH>-EC0DXDU0FX<TBR1>&BIA%B\D6*,K'Y6[%P5%PND58AL$
M4.7H-DRS```T*Q_&1QZ^5>P?X![N"6NOE:<1H``````````'_]#W\```````
M`````A#D?\2MY_NT1\(H@%A]17(``$`[%U=:K5N;1^SH:2K[>*U&SV?X;"R9
M)'$A8']_K;.OL/!7[0BC:)9PO@9E5NNBY.[[7!2]AV765+XE2RJ>SYLT!6]?
M5J5N%=FVM$XU<.]`H2<+(WO7MR:R_$:#Y"L8C9U%O=3D4IO7UELDSO))P4B9
M9!)LQC'$<XP_;R:V49366OS+>''"[:29I0K3>4`^\I;1K"QV^3E-;.8Z7L2M
M/XKR'&NRY3<U&Z5Y6KYG)'#"SIDAE8[K80<0BYSQCQQU[291PP;3@UL%I4<U
ML^PJ:]=XT)P&TP21+`3<<WRXX2[@O.UE9PS#,E**81V"G>3QI4<+Y-'F:%=9
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M^`NV*[1(>B1.WJ0JP<ZWXK4:UGF:98'YFDGQ6W5+[0@IZG^"VF-PVC+I&SR[
M=_&.\*&;/$BJHN\E54QB4N<7=<_JD&:X9WB4G;-+)W*J)I3ESY66ELD=C+]=
MLCR,U_&TB+:+Y+TE64J2C$SEP8O5P]P?!"80R7)C5+A$6MM4;&I?(6O1.::>
M;C:-L35-BPSDM?[5K\`^FJQQ<KG&:R\@:WM9OB:U-(3&=?2$E'I0#U^S<JL6
M"*9H[$D1N^/%N*W=N0K```-<UO\`'EM;Y*-&_"_D&)+?7;Y6-!0`````````
M`````````````````5$U'^;UI^6OD9_$%LT5B=TH@@`C_:.L*7N:AV/6>Q(Z
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MRWRWV=6H^X3+R09,+(65:,5G:^&Z:1%UB*"Y9G6_%K2NI+6QN5`KT["2L3!7
M*KP3);8&PIJM5RMW^U1=VM,!6JE/6F3K-?A7EFAFSANT9M$6T>5+"+0B"']$
M!<RQCGB#H![*7*4?5.Q/O.)LZ(W)>X5]M+;+RGV[8\`UJ+*&L5@HKF\JTN3Q
M&MZ#"X29JL#1Y<QC<W8=9,N0HREQ9GAKQZL,I8Y:7J=C=+6J-W+$2[(FTMKL
MX;$=R#RU5W(UB8)C=FL/7B7QXT*Y=Y8(-C%>?\PEE-;!3X493RYLIQ%T++OE
M)9W5[$2;S.:YLS6?9;/VI'S\18M3UB2I5&FH";8W5O)U^0CZC-/8UV=DJA[L
M,7KE&1P[3<+%.+EA4>$G&Y&"2KF:98EHI*F)Z_RBMM7;9E%:J38&-IYCE5B7
MDBF5%+YCPXSC&<..KGP?!\-/Z`*,I1]MSALVL4O`NM:NU8*&6N>Q]@W6,>;;
MY`U28<;(V(6IM\;-@+71MA-WQ'M9CX!XDC75T,0CE21PL7+0[?';*6.RYE.A
M9"M5&K5R6GW]KE8"N0<+)VF4+U).RR$5&-6+R?D2]JOU7\RY0,X6QUS]"BF?
MNL_;!F6R``#0K'\9''KY5[!_@'NX):Z^5IQ&@``````````?_]'W\```````
M`````A#D?\2MY_NT1\(H@%A]17(```!UT\PMV[CUONC4=!U9/3[7-\X_\K-@
M-*_`:PQM!Y.[(THZT877$0O#QL&^L):U876SWC67PB\CNL0C;*3Y@<JBJIJ(
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M;V],;_C;3E[)I1Q)1ZU01U1'F9IF6QV1UW/7RI@Z147DF/\`6).-.RKOL.]\
MP8BW3II2,T[R=<ZEH[0L;#L"LJFEHS1NS2>&K1T<T<R,GB>V<_1[94^<>!HM
MR]3M"JJJN28K'Z-=X^;`VYR-U!3-]1=R9TU.[WM69BM>F@(:0KD?J*%V:O!.
M8"7D%XY:UN]@S5`A7"RCY%\U9-)IV4A6O@Z&>T+-1-+J`R````US6_QY;6^2
MC1OPOY!B2WUV^5C04``````````````````````````%1-1_F]:?EKY&?Q!;
M-%8G=*((`/PIV?9J=KU.RZANU[3J]GV?5SU^TZWW/4ZO3T]/V.@!YY]2-;MK
M?B7N'FKJ:VZWIJW'NL>U2<HHM,.[#G<-E9<DMK6#5\;M*-8NJM$9AM=Q=,3;
M5I!1U*N2IRZ)FQFS7*K-Y/%NLZS'6?-+ZW3DAN:@V:TU#W=IMWME%DN-[^N0
M#2E.:UGD#3M][<D:K8WU*(>V3AD3T>MKMV3%TR=.6S24CEWDM@S-\@DTK%0J
M@3E6K.[:IW(A"[4F-M[+BYLXM]J#AG$9=:B90W+[0=?O5`NR/A:5@;.J'57+
MU-\J_P"P5;231V_*5)JKAFC&JTF/?\)_;<VY6;L$S43;<U+08F6V+RHIFNMT
M6!DQF*2O:M2J:A4U#KB402L<0PL,M>XK8<O*908O6<E,1M:7)'Y24/EPFM,?
M33K/RIVYK&3Y.]O?&UR6J_(>ZH%K1$*@UV+KW5<#QUU9=8J3HFMK1)P#>_04
M-,V(CJ2@$G[2R2<>5VYC,NW_`&Y#"HT^BT7)%Y2B<F^!R,ZXK*,P^V5N/P5O
M,J1:,JYA4N.6T5W!4F[_`"1ZI&HS.&1E"X+V9'6$<FQA3J"^82-NS$\!KWJY
MOHFBU.'N%#1E[ELCEC)4FN1D]`)O[3!TWD9?499[5XIHZPO-1E7A9N(*NHU(
MHDS:NFF#9(FHETH.T:S\(]U)M;3^O.9'M#EK9>J#6Y!*T\>B,V$C8:]'SCX[
MC1E=,\C8>.<O4'[]_)SQL$\&1*91P_/@O5,J;&,N28N.K@<,=LZPK<=RDK\9
M=M<I[`FN<O).`J53S8H`LW,R3N]':52.1A&L@C,.XM#M<J=")>JW8D65+U4R
M&-B0O:-8XJ&>X:):=N>@N/CR_P`C&27**-;U.5W"K*.&RN\X_D@P-F0VY#VU
MJW35MC9E'7)[*H'9KIXBV5?RGE#"4>FW5(@[7<\.RX5@``&A6/XR./7RKV#_
M``#W<$M=?*TXC0``````````/__2]_````````````(0Y'_$K>?[M$?"*(!8
M?45R````1=.ZAJ-BVQ0-T2.9;-WUG5[S3JDJA(F1BV<#LEU57EV:N8S"64'Z
MDVXHT.;*JN3*-_<\G892PHOVQ;TF&H3_`!HU?97VPI25;3BDKL:^Z]VC)2B$
MVZ:OH+8>JHZOQ5#ME260P3W!D(-A5(](R9,':O$VYB.DER.'15U%SHT6\<(=
M`W^*G8N6A[-&&M]-W+0KS)UBYV&MR=]K&_I)Q.[3C[FM%O4&\\2=L+H[YOVJ
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M3L'**I%E\*BY;-4M`4&BOIH]44M,/7)ZWR&P'E!0M<T>B-KK,32]CF9R(@EG
M*IH-M,S[I5\ZB6BR,&N^64<G99<*'5,+3:"````-<UO\>6UODHT;\+^08DM]
M=OE8T%``````````````````````````!0FA[*I]59W*#L+Z1BI5KN?D`LLS
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M147Q6+-A91%`RQT$CJ8@^N=-$[A3)"YST%RH;./^]GI7!CVX?3SUZU_'[GWN
M6GQ*%P8]N#SUZU_'[GWN6GQ*%P8]N#SUZU_'[GWN6GQ*%P8]N&,;W:NW?:&C
M&M6</Y96&V'89J6RG`S[9".B<:5VW#^'O73V,;-F[<TK,-6^#&/CK+."%QTY
M-C`C41,7<+I`H``````````/_]/W\````````````P-GK,)<H"5J]C9F?PDT
MT.RD6A';U@JH@?)3XR@_C7+.18N$E"%.FL@JDLD<N#$,4V,9P$5^KMK?[\VO
M]('?GSF`?!ZNVM_OS:_T@=^?.8!\'J[:W^_-K_2!WY\Y@'P>KMK?[\VO]('?
MGSF`?!ZNVM_OS:_T@=^?.8!\'J[:W^_-K_2!WY\Y@'P>KMK?[\VO]('?GSF`
M?!ZNVM_OS:_T@=^?.8!\(MMFCZ6RV9J:(:3.WD(R;\O/=9F3D%OO"+[W-@&S
MIAV^,[*SG/@K@^3EZ,X^SD%TJ=$I>KMK?[\VO]('?GSF`GP>KMK?[\VO]('?
MGSF`?!ZNVM_OS:_T@=^?.8!\'J[:W^_-K_2!WY\Y@'P>KMK?[\VO]('?GSF`
M?!ZNVM_OS:_T@=^?.8!\'J[:W^_-K_2!WY\Y@'P>KMK?[\VO]('?GSF`?#=J
M5K6HZ_4E7%<;3.7LT2/1DY2Q6VW769=-8DS\\8PS,W2=L$JE&1ZLJZ41:IK%
M;I*NEE"DP=50Q@WP``````````````````````````````````````0SR.SD
MO'G?!L%R?.-,[0S@A>K@QLXI$YG!2Y.8I.DWVL=.<8_[<@L;PF8$````````
M``````````````!__]3W\````````````C;;5YD]=4E:S0L"PLTL:R4&L1T-
M*3SBLQSAW>[]6:,@N]G&D!:'+%M''L>')^S8.#*81[/&"];KE"-?.5OKNDU#
MZ>;G]7,6F<H/.5OKNDU#Z>;G]7,*,H/.5OKNDU#Z>;G]7,*,H/.5OKNDU#Z>
M;G]7,*,H/.5OKNDU#Z>;G]7,*,H/.5OKNDU#Z>;G]7,*,H/.5OKNDU#Z>;G]
M7,*,H/.5OKNDU#Z>;G]7,*,H:9-SF^IBWTBU>;74+;R-\I?^0\]]S6]TO*&,
M2C?_`)KU?4O`_`^RZ_\`X:O:=/1]S]L2ERC5N?G*WUW2:A]/-S^KF+290><K
M?7=)J'T\W/ZN8490><K?7=)J'T\W/ZN8490><K?7=)J'T\W/ZN8490><K?7=
M)J'T\W/ZN8490><K?7=)J'T\W/ZN8490><K?7=)J'T\W/ZN8490><K?7=)J'
MT\W/ZN8490V766S+E;+A=*;=*56:H_JM;HMG:NJO?)6[M)1I=938$5A!QF6U
M[05HQS&K4,QON2.BK%<X^R3),X-&HUU3<```````````````````````````
M"J-=W9N>UQ9)V%U'K`L2[>RZ$=F4WC:V<BJSCI=]&(.'K-IH"2;,W+HC/"AT
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M1:DJW?*-WJ$+(Z2K#21(1=H4IR&?MLX(?)L&SDO4-%B;6<!0``````````?_
MU??P```````````""N1GQ;,OE:X]?Q`:Q`Y<L5S`````````````````````
M&LZV^/;;'R2Z)^&/(<26^NWRL@"@``````````````````````````J!I3XM
M8#^\V/X4S0L;,=O[2E4$````````````````````1Q?O^K:D^6&G?^5+!+77
M=;$1H``````````'_];W\````````````@KD9\6S+Y6N/7\0&L0.7+%<P```
M`````````````````!K.MOCVVQ\DNB?ACR'$EOKM\K(`H```````````````
M```````````*@:4^+6`_O-C^%,T+&S';^TI5!````````````````````$<7
M[_JVI/EAIW_E2P2UUW6Q$:``````````!__7]_````````````(*Y&?%LR^5
MKCU_$!K$#ERQ7,`=5WK/;A-P\9<WTK%E?+J\Q\UC1A(.L8JY]9R.[$=7$H3>
M2]QC7Y;9R=0<E<$=EEC(N+<7LR,L,3E88EZ6WC&6*6HOGY35LQ[VQZFVK3JY
M9(O;Z])L,H6B2R%ILFE=GL]4VFCD8U2Z3[Z'L<G8)5L:+,[*FQ>)%<FRX3*A
M@RUM,9YU;2ERWFU=EU/5/JY;A2LECBMLV%PY?GIU>B4JKINZ:7J=JM\#FW6.
MN35FKB[;=\8_9G(Q;NG*:2K<K?PE-9)$5YMI*?.12S35!@J#K=63<SW(:AZ5
MMCB1LT*I'Q$=>M!N>0#*;KLG$N'4;9I!M`X)'.2HK>`(R*+KL7+M$B"KE9CO
MKX:NAS[AZA46LF^UON>Y,&M-WIM*R6*>?Z=:3,)5-/;_`%=27-DX95R7@8R1
M>5IW()Y9(,VN<N(\C<N7#ISERN66N'M8VN<H:]:-S--/Q--MCI9Y-;BKJEE2
MS#$95^4T;BC$N*MOA7TDQL,+$2SG8T22"<HMWN9--TFY,F@S7:N'%9K2T*WW
M>6RZ%R8Q2-DS%OUQK2W[*U;`:&O4-4*M9])7E.P0U/CIW3NV[*2`GKQK#<]E
MV`ZE48!TY<Q4'*,WD2V:&5D,.$URUI<;M8WQS/F&]`@T]=P]KJMVGDZK;F*S
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M):60D&*.WO)2>J35E7K?/6`R[9W&S!T),YXYPH@1-8J*>5#(+!9C[2?/\P*_
M!%MTOC6NSY2A5,FS&K[9<55)>2IL;.:AV@QU+>8RRN(Y@]DXILPGUWK])RS;
M2F%(6"E')B$5;)-G*TQ^ZP.K[_%;3HE?O\&K%.86RHO'<0^@K%"VV#E(U"2>
ML6,S"V2NNGD/,1$TV:E=M5DC].4%BX.4BF#$*2=&_`-9UM\>VV/DET3\,>0X
MDM]=OE9`%``````````````````````````!4#2GQ:P']YL?PIFA8V8[?VE*
MH(J"VO\`>]H\F=W:8A;C)ZTJNC];Z@E<OJW$U*3L]OMNY%;^^-)NW%UKMKBV
M-7JD11D&[-%NS(L\?NGIEUNS013R:TB(GRK5K7VCS]74BMJV)IJ[3TWK>@2U
M\W39]>^1;:GM*=4=U;?T?9-D56(L5[0LDA!J/-,O["5DD1P<L*X(9NN[-@N5
M5D]?:>+GS7B*I`7&X,=-[:MM*K49//(VX0<7%,JY-R56VW&Z<F:\K,V>3@(N
M,F7$]*$D8U+"[GP^&0<K?T3ALJUPLCK[<.^\TS4!<]=FM06*/V`K`7==G3I"
MWTIPH2STO23_`'FJQEY.L2MF91%4DX"*=Q[:45SATYDV3@J#!5LEESE9CYO1
MI;+FF^@NB8M6O]E3%BD=<^SZ?OJ/7I#5I*-'2?,_<>Q=.UJQ4U])R<9:^N:Z
M1N&DTG+R3A--!G'Y9MD">Z#YPLQXGG]&U2G/2G1%%2M[C7%[5DV<;R3E;#2V
MJM=4GVZ?%+=;;0FV(>JNE)5&`NEI/>76#P[%!XAA]'ERLJJU4.@BLLQ]MYY2
M;"V_0(77%HH=5V++THL^_/NMEJ"$IEQWG6*DXKCU")L%.I5F9V:)ND?7;:[:
M9G&44TD9@S;)5&"3@I%4E1$1-M-K?,>J,M:PT_[HNMPL8K6_$NR/-GUIM'P+
M'86.2>Q[!I5I8&58?(0[FLR<5>*>\>RL2X0;99-%RI)_\TFJT368S?W_`$1)
MJ7G%-U2@-O/E4-D33AS(<E7U?VTC$U*0KUGB--\B)G7S]K+0VMRN)ZKITZG2
MT<^<N30!<KQ$3)NR)*JMNHXEK/771*[WF52F4Y6+&X/:7M=LFDK)>ZLWJ%@U
M9;]97I8VZM=ZDJ9Z[:(A9>9D;':+%=XM*+='D6,`2/EC'=EPN0YVMM,9_5H=
M)Y+WB.VA<*WLA384F=MRIW=0ZE!5(NJG$`2N4+BG6=Q-*5-/GT-7[#*LEEE9
M%Y!N4#,'IW9D"2KLJ13('EK,:17'\MW)SIBY1W$0E.U#<[Y9IG?KSCRTCJU9
MM>)Q#FWI\32<Q(Y_'6>PV>"BI*#E-9+E;D=I9\$-(HKX266;>".'MM,??A]J
M=R^CUZPZ-$4;=VS++'WG?2-AK!(.J3-^@H/7/*38>B7S=FTH+)E5)9E#3E5>
MIPJ!5LNE:[#]=Z^=2F2FD%F*;=/\A:MN6X;7I]?;89O]23A:[8F3^3:H6AC+
MELEUKRC6PTATFSL]73>MZ@E+1;MP@:.FH279NF3E;I<)H$F*I8`$1Q?O^K:D
M^6&G?^5+!+77=;$1H``````````'_]#W\````````````@KD9\6S+Y6N/7\0
M&L0.7+%<P!!;;C?J%H]PJVKCU*%+><[/3HY++9<:X2V*:Q>6)KDEK[W6\DDY
M;-SQB<P3#3P4D_CW5*B62,9V8MRAO5'#.BQ.KYBB[E@8G8+R==<A(Z0PM9+A
M-P:5,W[M::V1/PL&SEUV):LZ62<QS=9:-2;*D7C2+MU$C&ST*6>VMPE*(XLZ
M5AWD/)^X=JG9>$H>PM9H3-SVIM:]S$C2]JGI)K_$V23N=VG7MK4GRZX@4_"I
M,[MXT0B6R+95%%(I`2Y8>M<.N/M1,P4@ZK:$5XRUT"[Q[M_MO<,V_9VG6%*-
MKBE2R#^<OLB](I&T(^8A=/M.QDF'0B](X+C&`HREP77";C8]@G]:=4B?6AI.
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MQ#%;2*70JZ36<%*MA1E/+FI\0]`I5>WTW%3L)Z]?(76U=M;1?:&UW+F3B-1,
MV,?KYJ26<7A68CCP;2-1(=9JX06?]3I=G7SDV<BY<YEQ7TK&3EPGXN$MD2[O
M-F)=9YE$;6VS%5]*Y&LD/;Y&V5RKQUW;5RF6.QV.";NIAY#M6*\R?*^'QG!7
M;S"XN=$NTJD5C7E>0JM/BDX:#;R$]+E9IK.'&5):TS\I:K')N'#M9=RX>S5C
MFG;UPH<^<G7<'S]CIZ`3=M8#6=;?'MMCY)=$_#'D.)+?7;Y60!0`````````
M`````````````````5`TI\6L!_>;'\*9H6-F.W]I2J"(IM6F*';;3F\.VT["
M7):N)TZ1M-+MMIHT[,U%%^YDVM<FI*I2\.YE&$8_?NEH\ZIC.HI5XY.Q5;'<
MN#*%M!7JB5!3<+R?6A(5OICU>]?Z-C=9Q$Y9X2,PRHMZN-PPTG:O$F95NRUF
M31LZ38[9\=?I3;K)J%50?.4C*7+3W;;5^'7'QRUV+'*U.Q%A]IS,E8+;7VVT
MML,:TG+SEIB;Q87M2K;"[MH/7JEHN<(WE97W`;QF)1_@ZSKMC**9,I,I9&>X
MFZ&LUYE=C351F'=JG+&XM\RL38FS&<))V5[J%#0LA,OJ@QN#:H.7DGJ%HC!N
MLF89PZ:MTC*X.LDFH51E-4X?J?\`'_.6N5*I8US,X?0,"@HYVIMMTK[D\7+_
M`".TM"M%U7-Z54=>;V_R[F2145R=5XJMDKPSE+H)A1E*&MC<*RR%@J&=82J]
M5J$(]VY8C,_.YR(K-CKVQ-W;*3VIL78T=,T_9;;-Q4G[5E1R6$DO!6;%95<S
M1PB1R9--2QVY6ND]50]@3I+NQ35L>VFCPKN'87")LTU49E_[KM(=O87,JE5'
ML1&R))Y6#075;+HJM$UR%423(HFD<A+1;+\-..TTQ@XMQ2YAC&0%?I-8:1\#
ML79E;:/8C7-Y4V72BV%&`N$:6TR5?OCEQ*I/I+PM\9Z[75.L8ZQS9493RV*/
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MI^@4*=E+/7(E^6PR\6C`NYF:LEGM,BG7VU@L-J:U]@[M$Q,+QD$SG[6_709M
MS)MT"K%13*5!!NDD+F4F@B.+]_U;4GRPT[_RI8):Z[K8B-```````````__1
M]_````````````(*Y&?%LR^5KCU_$!K$#ERQ7,`````````````````````:
MSK;X]ML?)+HGX8\AQ);Z[?*R`*``````````````````````````"H&E/BU@
M/[S8_A3-"QLQV_M*500```````````````````!'%^_ZMJ3Y8:=_Y4L$M==U
ML1&@``````````?_TO?P```````````""N1GQ;,OE:X]?Q`:Q`Y<L5S`````
M````````````````&LZV^/;;'R2Z)^&/(<26^NWRL@"@````````````````
M``````````J!I3XM8#^\V/X4S0L;,=O[2E4$````````````````````1Q?O
M^K:D^6&G?^5+!+77=;$1H``````````'_]/W\````````````HK[2K_)=MO_
M`.J:C_QLUR`\R(``````````````````````[F/8[?\`6N3'_P!+T9__`"]T
M@.\````````````````````````````'C(N7Y^[)^5#9OP]L0+.[7@0`````
I``````````````!8SAW_`)M^.'RE9^"%K!8\O68"```````````__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>g614029g96r43.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g614029g96r43.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0K"4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````X````=4````&`&<`.0`V
M`'(`-``S`````0`````````````````````````!``````````````'5````
MX``````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````""4````!````<````#4`
M``%0``!%D```"`D`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"``U`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U*VL6U/J<2`]I:2TP0"(]KE1Q3CBZWT7WFP-=/J[MNA&YS`_V_21[
MB?VAC#6"RV>8_P`'_)V_]-"I>XVW-=F"\@/'HAH:6P?+W>SZ*2FUC.<[&J<X
MRYS&DGQ)"*@XG]$I_P"+;^0(R2E))))*4DDDDI222A:_TZWV;2_8TNV-U<8$
M[6_RG)*9J#K:F:/>UOQ(',_^14*LGU7E@JL8`)W/;M'#3W_K_P#07*=?ZQFT
M]6R,=K:'UU;6L]2H/,.K:YPW./\`PMB2GI.K9M6)TZS(>][6P&MLJ`<X%Y#&
M/:TEK7>YRS.E_6'&RL]F.+;['7;PQKZVM:#'J_2:_P#,97M57,RKLOZF-ONV
M[W/:V&-VM`9?Z;`U@^C[&+)^KG_+N'_6?_Y[L24__]#T2I_JY5#[A+VOR6U&
M#H&O+/S6;6_HF?3>]B+6S(%ESGLI%9#MCJP=\?\`"?F_UD'%8Y]V/:`YS&G(
MFQQ;,NL]L`M99[]NYFS\Q2HK:+[WC%=42'_IRZ0^3^XZ'>[^HDIM8G]$I_XM
MOY`C*G3E-JHH8YECIK9[FM+AJ(UV_NHSKG?93>RL[]FYM3R&G=$MK<?<UCMW
ML24F0+<S&I>:[7[7`!Q!!X=N#3,?O5N2KOM?8`YC6,(,'>"Z>S=C1^[_`"UR
M/6NL]5HZOE4TY+F5UO`8W:PP"QAT+JW._.24];DY=56&[)]2NMI;^CLN.UFY
MVE?J3MV^]5L3JM&1DMI;E8UA>';:ZW@V2/<&M#7/]3]&'N>__H+#NRLG+^IU
MEV58;;3<`7D`:"YH;]`-:LWZM?\`+V)\;/\`SU8DIW^J?6+&Q<^W&<[):ZH-
M:X5LK+9CU`YI?8UW^%]_M2ZKU`9?U5=F8[K*]Q8`XG8^6W-J<?T3W?2V_OK`
M^L?_`"[F?UF?^>ZUI'_Q"-_K?^[*2FC]7,C(?US$:^ZU[2;):Y[G`_HK.6N=
MM0_K)_R]F?&O_P`]5)?5K_E[$^-G_GJQ+ZR?\O9GQK_\]5(J=!W_`(A6?\9_
M[L%9WU<_Y=P_ZS__`#W8M%W_`(A6?\9_[L%9WU<_Y=P_ZS__`#W8DI__T?3+
M=,ZCV`[F/_21JV-GMW[?SY_TB#594[(N:VRYS@U^YCYV#7\R1_WY7/2K-@M+
M1Z@&T/C4#P07&P7V-=<TM+"YE,0X"`W=NGW>Y)3Q?6,W.JZ@^NK)NK8*Z88R
MQ[6B:F<-8X-6CZEE_P!2+GWO=<\N,NL<7DQ>(]S]RQ>MWT?M-_Z1G\U1^</]
M%7YK4JR,?_F/:/59.YVFX?Z?XHJ<WH#&#KF$0T`^H>W\BQ3^L'_+F9_7;_Y[
MK0N@WT?MO"_2L_G#^</W'^:?ZP7T?MO,_2L^FW\X?N5^:2G39_XB;/\`C_\`
MT>U4OJU_R]B?&S_SU8K+,C'_`.9-@]5D^O\`O#_3-\U3^K>10.NXA-K(FS\X
M?Z*SS24S^L?_`"[F?UF?^>ZUI'_Q"-_K?^[*R?K%D4'KN81:R-S/SA_HZ_-:
M1R,?_F*T>JR=W&X?]R?BDIH_5K_E[$^-G_GJQ+ZR?\O9GQK_`//52A]6\C''
M7<0FUD39^</]%9YI?63(QSUW+(M81-?YP_T5?FDITW?^(5G_`!G_`+L%9WU<
M_P"7</\`K/\`_/=BNNR,?_F,P>JR?4XW#_N0?-9_U<R*!US#)M9&Y_YP_P!'
M9YI*?__2]54/T7J_F^MM\MVV?\[9N7RPDDI^H+QE%[/LKF-K_/D!P.OYL.8Y
MKE,;Q0-Q!R=G(#0XNCL"7-^DOEQ))3]/T#.#S]J?6ZJ#H&[3,C;KO>GO&8;&
M_97-;5`W2T.!U=NV>YFUR^7TDE/U&-WH:ZY&S^2';H_M,_[XAT-S@_\`6WUN
MI@R`S;K+=FOJ/_X1?,"22GZ?O&87M^R.:VO;K+0X$S^9[Z_<BB15[MIR-FI;
M`)='YN[=M7RVDDI^H*1E@M^U.8YFSWPW;[_;K]-_\I2>,CU6^@6BF!(@'6==
MON;^:OEU))3]1NW^B8(^T[.1$[H_E*-0R0[]9+2S:9@`"?9M_.<[]]?+R22G
M_]D`.$))300A``````!5`````0$````/`$$`9`!O`&(`90`@`%``:`!O`'0`
M;P!S`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<``@
M`#8`+@`P`````0`X0DE-!`8```````<`"``!``$!`/_N``Y!9&]B90!D0```
M``'_VP"$``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$"`@("`@("`@("`@,#`P,#`P,#`P,!`0$!`0$!`0$!`0("`0("`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`__``!$(`.`!U0,!$0`"$0$#$0'_W0`$`#O_Q`"B``$``P$!`0$!`0$`````
M````"`D*!P8%!`,"`0$!``,!``````````````````$"`P00```&`@$!`@@*
M!@@%!`,```(#!`4&!P`!"`FV.!$2$Q05=C=WM%5UM1:'M]>8&2$VUL=XN#$B
MEA=7ETA8(Y,D&)E!,M0E430F$0$``0,"!04!`0$``````````1$",C$#(4%1
M<5*!D1)"$V%BL?_:``P#`0`"$0,1`#\`W\8#`8%?G/2YK,I%OJ64MBZ8Q"BC
MIHRHKQM6N8^RRN75OY>R:I31I<\L+RQRTT57N\452HAX5H&=P7$.@6@L00(C
MUN]DQ%>[P-Y7Q<<0EO'B7ZEDX2<2I#'*B#*N3-#-U"SF&R&:V5)$C6E<)_')
MJAEDRCM+R!*J9]MTFBI9Y*'TVH,7>!*2G5E0FD<>KF3_`,[IY7=$UUS$?W%=
M)(#8]\\AJ[75#Z-BZ)NCT`@2?DB*N'*-O2*/)I9N;FGT@S^EC'%R7MQ@75R\
MBF!L"+9(IQHD/3-VV<WVCQ8KZR9<;/1<H^*$ZN]4K,8XTRIX18=6J:!-D#+%
M28ZQLBC<%DB&^#?-RW4UT<4FV4@(E1NSSC!2BFJP?"'B(?8\)GSE8#1$'].]
M.-63<=<3]*0G7$#C<V+BD4G`V!2-8E3%J5`8K.&I9Y1.(XCQ%@0^/Y0)@`![
M?`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8
M#`8#`8'Q)+)&"&QU]ETK>6Z.QB,,[E()$_O"LE`U,K(SHSE[HZN2U0(!"1"@
M1)QFFF#WH(`!WO?]&!XJM[B@UJMSZY154]D%QIX>F5[1RN*2>#.R`]B?7R.*
MU9K1,&ED<=M9KI'%I92G1>R1#3&E[V$TDXLL/C(.15)NM;1:W6RPV1QKR=NA
M3%`Y`A`X*MSM\4N3@TM[+!V@A$-]F#P\+6I1I`E;4JH]>45LU,$TKP#V327I
MY7:U?04N!BF,E31LVSI8Q02!(7=*XHW:23"2)E*UICJ)F-1Z=BW,:)$>>>6<
M27YF20:8H\D`L>PD.A8#`__0W\8#`8'#KHIUTM<,5-:;.FM=J8P^1]S&3&@1
M5<SOA#38M=3T0WAHE48DB8YY;3*^`!J5%^2\T&K/T<!00:80,F'@6#B9&6&*
MLE3ZG4T=./\`&(]5K%&Z0<DD)W'VK^ZE2V+FL9LM;XD@L-[0R-T9$BUW2N+J
ML"K4EC+"(M"<<B&*\^;_`&1Q"K/1S$V.:I[?*\BEFVY;\9K)T,0G1=NF]VH9
MZ@FVU8P(P.+M&$@;3DAS.U'F[3-9[T;L/E"TC06VBKT=8<<(S6K]")&*2RJ8
M.=74^.AJT42A4B4'1:M%;I%W=[3&J$:)*H?)/*E$#CQ3JYJ1"&K(CR#P%EGZ
M6*%@JD3A"`?"7VI=27^/Q?\`R=<.LCJM/U[)^9*I@,!@,!@,!@,!@,!@,!@,
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M%J'FL9@NGBRP*5$@<T#\J;@%H6M.%/H*4(]CAQ76Y*I@?__1W\8#`8#`YA8M
MQ5]5;C7;--'T#<\VM.6JO(&T$D'+'%]DCKXPP@*3)@#&F;$!`/**UAWB)D_C
M%@$/RIQ!9A-*O/%7_"U%H.E5I&:Q%BY@"LU(YR17<K_NACJA!'PR1:WO-L&M
MI4%2NJ-`<4`U+I:)04H."4,`1Z'H`H_Y6'(6N[97-*"-&O*(^4P-!:\"#(FO
M;..P:I=%"-(@L2*IC3S5HF,:IQ2@4)EQ2%W0:6I!K$:<M:D$>11W'`@'PE]J
M74E_C\7_`,G7#K(ZK3]>R?F2J8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#
M`8#`8#`8#`8#`8#`8#`8#`8#`8#`8%9MW]4*HZ*M27U/(:_L9W>8:L1HESDR
M@C.VQ48M:D#L6-)M<_)%7B`)<`AWXY8=^,'?@_1X-[O%DS$3$J3?$3,4<F+Z
MR]"E!V$JJ;7+#L9AFPEDPT`=F'&"..,WH,EUK8S31B$+?](A;WO?Z=Y/Y7=8
M1^D=']/SFZ)_PMMK_EP[]IL?E=U@_2.A^<W1/^%MM?\`+AW[38_*[K!^D=$G
M^+'/2N>6$PD,-AL.FL<71R-;DRI5)@L04AZ0+H@:O-T_HIW<#O./+.`1?U@A
M#XH=_I\/@UD763;%9E:VZ+N2=&46?__2W\8#`8#`K2Y34QR8E%L5I-X.LKB4
MQUNY&4>\,:)SBDI42.N()%FI0.2;<%R&6HF=2R*Y@>M<EZA.D(6J2CT"<X9@
M&Y/XL+12CG]H\68W<=G2F<\<*_E_'BQ)TW\DZFY429QATCJR.VU%993=D0B)
M/;J@\T31FUI9JY'&+R-CE#?Y\>0S(G(L]84:I"E,%>'%TZF:[G\BN'AO-G>)
M2R"H..7"RSJKL1)(D1C8$^SK6=>,J8J%MIPMZ22M%%0T&[J5CBW#5-1@CF\Q
M.H."=H6I1RGNL?PA`/A+[4NI+_'XO_DZX=9'5:?KV3\R53`8#`8#`8#`8#`8
M#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`X5?E_17C_&$#T_-KS)'
MN0CE:2&PZ.^BRWJ4N<,KJ9VK($B98^N+.QMQ+;!X"Z+C3E2HH.PIM%%:-4FD
M$&DQ%7Y+'Y(P&I:ZCECS]#*F%-*9U$JU:XL8SDJI?N:S"9)H,D9C$"-P4-@B
MFUU.,/5K2EAJ`+>G,5%'FE>3$8*5?.6<HZ[0RYUCIZ"3>@&&VXQ0SY9@"8]N
M`-5PS-'&38U!#SMR,,L/<'-WFK.T:5)VDYM+>W$M"8I`>6H"2*/U5[R7@ME2
ME@C<?:I26DF#?:+E")8M(CHHW+TM.3-I@D[$V@:Y(YR5K&V/ST0$&G9N;O*@
MWO6O^)KR>"B0^$&!D.ZB/?.O7Y>8>Q49SHLQAA=E*%N75,!@7#]&3V[6E[I3
M.V,9S/=QCNTV]9:/,P:O_]/?Q@,"N*L.3ZN6<K7*H77D;QY=%S.]R>%I:'@M
ML4S*[-6BC33,)'*9Q-HJ@<2[*C"Y`H*:&UJ9DR<?HY&@=5#R(TY6A\S)IPT6
M.X08#`8#`@'PE]J74E_C\7_R=<.LCJM/U[)^9*I@,!@,!@,!@,!@,!@,!@,!
M@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@0KY[UPDM?CO-X8Y4V]VZE.C$V>
M6@Z(O#.S3FN)VR0F0*H-8$+5.+_&',E^;W<0DI1K2K])AVKT`!)Y!B@O9,:H
MFV+Q>YP3*AF=*JL^(3&P$$BKIF;8_9E?I)383?74,Y@M-DQMX?+$C-VUE7IL
MY#3L=C*B<@2M:K3\[1HTI"L$(Y,:&$UBKU+KQ<M59";0H%4TJ5R:R^?]6<H#
M;2;U;:VQM/7++==.\EYVK*0*W%Q=F5]2RBNG"*-K0+S]3XRY`O\`*'HP+C$H
MKS_C^_%_C%8]3\E%]NE1EQB"ZS]W\?RB;#E,9.JE]DKQ9*225)-:2;&]6K<X
MNZ2)J,'MW`D`C(=B"Q*Y$0*0Z+4GB9K%%JV2J8&0[J(]\Z]?EYA[%1G.BS&&
M%V4H6Y=4P&!</T9/;M:7NE,[8QG,]W&.[3;UEH\S!J__U-_&`P*E^.FG1HY/
MK&$Z\S5,,5V/?KW!J%;[_K&729E4G2*?+9$LGU'1KCI$G^!0YF7OQX21CFSL
MI:7,YL2N`35:XPM)"TZ:+:,E55MRYY;1>)7335;(>0,(JP,,Y)TLQ6K&%T_B
MD:E\R1S)JW)MM+BW.CJE?$-9,\<<F]4O4@)"G=EK@0F\Y`4A7)E<+1&O!'N3
M\H+FKKC;5?+UL-F<EL:>\DN4,0EE8N3U+72**H'&DO+/<)@[=`#5Y['&5<`,
MJ.-F#<6Y"E=%/HQ5I0;O2]9XXIQHE#1TRG<0N'AK"%,KF\\:^1G"NSK5M!;+
MI%()0,FS*G<.+>T4Y;`/"]R10Q#)A7P\)EK:U%M[3Y42`)))84Y9>QRGNLLR
M54`^$OM2ZDO\?B_^3KAUD=5I^O9/S)5,!@,!@,!@,!@,!@,!@,!@,!@,!@,!
M@,!@,!@,!@,!@,!@,!@,!@,!@>?ECV*-1632,"<*L;!'WE[`D&9LD*H34W*5
MP4XC=`,V4$[9'B[%H(MAUOP^#?\`1@4/_G62C_;\P_YAN'[)9M^7^F7Z3T/S
MK)1_M^8?\PW#]DL?E_H_2>A^=9*/]OS#_F&X?LEC\O\`1^D]#\ZR4?[?F'_,
M-P_9+'Y?Z/TGHM@XA<AEG)ZFD5J+XNFAZA7('YDVS)'4UY)`%F/*)"HTM.0M
MPQ"/T9X=A\GK0?!_3O,[K?C-%[9^452@RJS(=U$>^=>OR\P]BHSG19C#"[*4
M+<NJ8#`N'Z,GMVM+W2F=L8SF>[C'=IMZRT>9@U?_U=_&!\*2MZQU8G%"WN[Z
MQ+#B0B3N<:]!>G2!IS2U'DV[Z3-[HPZ.6:*V3OSH@1?B&;_2#?@&$*K^-3W/
MYOR6.F*^(<MH6M6R^Q2K)9K-M/I_/59QY*U1]U4LE?+&>CIS*.1[HX0HJ;Q[
MT>@>TX/1Z56G4K3][$1M3"TZ+;<E5XV8U]$)_P#17Z7-'I;Z$S)CL&,?]>YH
M/1DOC?G7H5W_`/K%J+SWS+STW_IU'E4IGC?\0L7@UX`\(W\=ZD;)$AD::,!$
M8T32P+(8F12O7JXLP6':Z-[;[+FS-&U"@QJ12&:HY.ZA6&Z+V#0GET,)`4:Z
MN8U8J_57="5C5JYJ<8@QJ$RJ.05OJV(C<7=U>`PRLFI:%Q00**@<U:D+/'B5
MI90AZ!X5"@M(C).-,3H$!28FKL>$(!\)?:EU)?X_%_\`)UPZR.JT_7LGYDJF
M`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!P&7<EJPAMEHZH7
MF2ETE.T:5QD)D8A\@DS/!T+FG5J6=5,G)G0J@-8'(E"::+185`T",.EJ\*1`
M(*K9-)I5^U-R"@IUOM]+'H9DVR1^;Y:LBCZZ1!X0P>8*H"H1)INR1R5&D^8J
MGR-;<`#-(-T3YR4`XQ()0!,HV4*<*OY?]R51&.=OM"*0JWA?1KC$F&P4[`Q/
M3^>EE$XWHN.1)C2LR%<LE$G6K#24FT;<6I-`O/"E%X%(32BQ2>#Z%'WO![_C
M+W(H6GE30IB<N=(#-XA/(H\PB<0>:LZ)J=ED;E49?4Z=:WKAL;\WN"<8/*IU
M;>O3J"3#"C0"V)BCLV$/!VG[,+']0Y?V><<F-81.DL/&=3G,!@,#4MTF^Z"S
M>ODX^&ILY]S)M9BLMRB[(=U$>^=>OR\P]BHSG19C#"[*4+<NJ8#`N'Z,GMVM
M+W2F=L8SF>[C'=IMZRT>9@U?_];?Q@>6F[O(V")2!ZB,3'.I*V-BA8S0\IZ0
MQTV1K20^,6U$O;F`QN;CE.M;T`P[7D]"\&A;UK?AT%0G&!67(.8+TR)$21L!
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M&)_$!6?'1.36G/=$H=.FO-URG1)VP"82DPA`/A+[4NI+_'XO_DZX=9'5:?KV
M3\R53`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`J@Y>P*;G\
MCZ]L^@8S8<'Y,-*3Z.1F7M2,MVJ6]84C1$.>H9<*8W3E$FV,1Y0^/B<UP<`-
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M..3&L(G26'C.ISF`P&!J6Z3?=!9O7R<?#4V<^YDVLQ66Y1=D.ZB/?.O7Y>8>
MQ49SHLQAA=E*%N75,!@7#]&3V[6E[I3.V,9S/=QCNTV]9:/,P:O_U]_&`P*.
MXZPSNP[S/J.(\D.5U4,S?;M]N4)/9Y3TK-LM>O*D5LG.2=AJE)3$]Y"#9R]/
M"]$G3O!FG`M,<%6J&D/+#HF%N6B\3)50VY)TNY<@G>.1-PK!F0FP"7UE954<
MC`OK`;)ZU?V";LSU-A1=(<V"ET6E*N/,?F1&D>E36]I5AB=P.((T,DTF)H\1
M<G&IXY826-+[,@#54*VN!<A81]-V:1M4R?K"J^WJ@LBETT::5Z!`QNS?$7HF
M=I)8YH7("0Q"_1UN((`L"(Q:2*T?4J3C_89=E\9I_9:!@9#^,/%B:4.E)8GH
MYW(F4[LIQI$$OE;/KS=*:C@S2T4.DTU>?A)<E8WP_2A&EVB*,4BNJ=F$(!\)
M?:EU)?X_%_\`)UPZR.JT_7LGYDJF`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P
M&`P&`P&`P&`P(R<LN2:'BM5R>S7")JIF0?*FF+Z:$;N2RFA,=4;JK"LVL.0.
M0-@)TU[#L'D_"+Q_#X=>#]-K;?E-*HNGXQ56O^=9%_\`;\_?YAM_[)9?\O\`
M2GZ1T/SK(O\`[?G[_,-O_9+'Y?Z/TCH?G61?_;\_?YAM_P"R6/R_T?I'0_.L
MB_\`M^?O\PV_]DL?E_H_2.B[5K6Z<VQN<@E[)"X(4BW16Q:'LK2M.6?HO8]:
M#H>P:,\'A\&O#X,R:/(VG[,+']0Y?V><<F-81.DL/&=3G,!@,#4MTF^Z"S>O
MDX^&ILY]S)M9BLMRB[(=U$>^=>OR\P]BHSG19C#"[*4+<NJ8#`N'Z,GMVM+W
M2F=L8SF>[C'=IMZRT>9@U?_0V>VQ<]C4[/HW'A+*OL;=F&3!37M8`23J"VD:
MV0..JYE+QM;VTH;5C$Y5M;"D'HDI8AAR8PX:=/YX:J/*+-)2<B<C0S"+1J6M
M@?%;92P,TC;P^?,SGXJ%[;DSFD#Z2CKH]Q]P\!"H/_'0+5B,W_WDGFE["8(A
M5;Q_JZ01OE,3,'->E;(!(;+OE?5I*F)<544EE2HU;9`7Q$XEP2N&2XX\V,Q2
MU0-.K5R%S<5&DNB'Q&WK#MIP0M.BW')5?F-6HR%*5&>K2DJUWE_,DIIY1:E9
MYJ7HU3YJ0,>C5'FY6]"'XFM^('?AWX-8'_`+41BLYO`K2C7IR25*A$!04)60
MG4"-`G/.3:'LXHD\9(]`$(.@BV`6M;WX-X'_`%,M1K!*@I%:94)$I&B6A3'E
M'B2+"RRCAI%6BABVG4@*/`+98_`/01AWX/!O6!^G`@'PE]J74E_C\7_R=<.L
MCJM/U[)^9*I@,!@,!@,!@,!@,!@,!@,!@,!@,!@?X+,+.++.),`:4:`)A1I8
M@C+,+&'0@&%C#O81@&'>MZWK>];UO`_W@,!@,!@5#\9)%8Z:Z;TX_P!\36T(
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MQ%$"(;E[V`\T@&P`V$H8=>+KP>#)5>QP*M.KWW46[WM0_P"999FFWEZ*;F+,
M/F[$P&`P-TL5_5>-_(+/\WI\Y'1&D/@VG[,+']0Y?V><<F-8)TEAXSJ<Y@,!
M@:ENDWW06;U\G'PU-G/N9-K,5EN479#NHCWSKU^7F'L5&<Z+,88792A;EU3`
M8%P_1D]NUI>Z4SMC&<SW<8[M-O66CS,&K__1U6]11<5Z6K))LY*V+$#9*W-"
M]-Z#FB.4DZ=$1D:=D"9WX@,K@K:VQS8G%4E%IV-">/S@8V_0#2C#0PM"3;X[
M2V,\,VIWB;,^5?(VBE(.>-GKV$B=915C:0P,(91J!UG,&"0GO4CKF.^>&-,>
M<&Q6>L5H2D)I`S#-@W*.;BE1W/PTL?D'$GCB@]T=<-KS%F>!\@K+J-DKIZE*
M2OTL:7'M3]<]@0I@3KV>6*K!9FAO0,;BL2*#@+UIH&X1:39J04FG%8WA"O/G
M+`TYB>J[39*S@\X>*]Y"<<Y;+7U6\+D%TL3(RV_"DD>9J8<RX[(!-HWAT<C`
MNK7YPW(WMF.=&S0=G/1JM.3'/B@/)'JYV#C%1]HU@@)WS#D',GFTSR%4D2E'
MR*0.B)NYN?26&/@?*Z4O,9BR:!M&T#8I,-1(OHZT>1!KS)'XL)YST2JX[)BX
MU<W`E!5A2(,,G?3JL&06\<VF!.(D(X^[\3E5,3&1+2S=&O,F4N4[F/F2]4,]
M0M+<74S>S!:,,`)YUZK6LE5`/A+[4NI+_'XO_DZX=9'5:?KV3\R53`8#`8#`
M8#`8#`8#`8#`8#`8#`8'">2T.F$^I>5Q2`3AJKZ9.2Z&'1Y[?U"Q+&W=>U3J
M,O`:]E1[8<0\%Q*V"T`HL[>8"TX;;GD[236U.RM;)A7UQB*IJY>(B:#V[54T
MC1=5IX7%;!X_!E&G2*2^;2"D*T>X,NK;<:=FU._L,XBD@0O+&VZ-:PHI`Z*%
M2Y"G=$P%1$)GA.K\]J<4(YKB954-M)W?YWR$<XM57%*)2PRT)NZJ8(^2R2BC
M;F\,:IO?69/*9-3L:?G1X5O+BG&ZO949`8MV9L`"0BO'AH^Y8]R!WS1X>1;T
M;>D1C,3NZT*F8(:.EKU2PJ0)TM`6FQ`GJR6%P44&EC8J?_-@MB@EP7)66/HS
M7=0H3DK%ND0IPE;/DJF!\U:\L[:8`IQ=6U`:8#R@"UJY*E,&7XVP^.`!YI8A
M`\8.]>'6O!X=8$1FSBSQB;BIHFVXNZI+,&QWCR<)EX6,G7PF,/\`"H1!'MCK
MM^13U-((+Y^QP-$3Y\U*DCD0EUI&2H+1EE)P*'R_KT$(H6BZY8)!&XC8%G%(
M)44U(GU=*^4MVVC*#&1F)<"4,=89M;%H3F9P1D!Z3-'LJ/+VD?E=^/H>A>'>
MQ7L_C-^.O&J=L]<1]0YR6#L=2-RUHKQIH_D;<W'5!'6U>C2-QZ0"6@[2K8IR
M*`@1A))\\THVG+&:$K8-'':,4/E_7>X6GA,88([!XD[)3FV/M*-E9TBF4JY0
M]G(VM($H!SD^/CJ[R61NQI1.S5:]>I5+EAVQGJ#C31C,$*O;8%6G5[[J+=[V
MH?\`,LLS3;R]%-S%F'S=B8#`8&Z6*_JO&_D%G^;T^<CHC2'P;3]F%C^H<O[/
M..3&L$Z2P\9U.<P&`P-2W2;[H+-Z^3CX:FSGW,FUF*RW*+LAW41[YUZ_+S#V
M*C.=%F,,+LI0MRZI@,"X?HR>W:TO=*9VQC.9[N,=VFWK+1YF#5__TM77/"-R
M&96YQWAT>=?2"N31RZDR2!*Y;RJB+,X/+"S1R;)'Y<Y<;WR-LY#F3'8L\(F[
M4E7$"4GJ1$-I9YABK9$+1S3OI(Q$;3%1FMKFS/;<96$!,0/,<<WIZCSNB'%&
MD25S87B2'*)$[,R\C834JE>8-:>0,(SQ;-$+>Y50'6\_D4$D<V8Y9$*PA@8]
M<5CM4B-:IF].+PWPZ(PBVY:VO=H-B^!0UAA5F6"HKAG;&QO1/4I"J`_I%GE?
M"8F0G0M1:/DJO"FU=69TV'99U=P4VQS$+>V&6`;$8^9-AMK2-28UMPY4-OV^
MB0MIBTX2<G9_DR1&CV#6MB%X0_<D@4%02)1,$,+B:*6JQK3%<H21QG3R)48Y
M$-J5Q,4/9*,#F<->E9D99^Q&[V:6D)"+PZ*!H((Y`H+#E"]7$87$XJJ=0$EN
MBF.1QG8U#D6G5."X@M><V(TIBP!"YV5'`T9L6@FJ31Z\`C![V'K,"`?"7VI=
M27^/Q?\`R=<.LCJM/U[)^9*I@,!@,!@,!@,!@,!@,")7(?DX;34[J2JH_'&%
M]G]PJ!G18F9RT^#1IQ1M-DU)`Y`QL[PFCTH7/<ZTDM<#H0VIT8O)M+6X+3AA
M`F"4>3$/Q6YR0LVK%D)D`N/ZATJ5RF]/U[8<J76$0RSZ'/\`=$IAL,8%D3K9
M/#WQNLF/1V2SM`C>#RY`V*RCPJ`HTJ[R`O"(BO/B]FX<C6I/R69N-S;$WMZ<
M5]+6Y;;A+4:E$6U(W.JI-0K&=7*!(H$6)SE#DW7RWN)XS#TJ="1M,'8CA*A[
M2"G"K]-36_.YI95NUE/JR9X2X5FW5P_-[]%+`46-&I`UV05+QIF)S<5,'@ID
M8LJ+!B'G+NR!+<"DS8\-*PI:>6O!H`IHD-A!@1UGUR\3GM.]U_9EN<?EY*)W
M(3/\1F-AUZ(UMD,4?$[BD"X,[L\Z/;)!%I.T$J2!"`6K;W%(6:#99Y01!GXS
MTE'RCJCTL8>F.[5[%ZMD4HXG2F&1%:B=VIMDEB5FZC.D:&-)H>"6NJDY]T>[
MRPZ,I`(C7%1L:H:8/DO'\GK0=/C=XRGYQY0Z7'K#X'Q)FKR.Q>T^,D?8:F=G
M%]K=F9[0KMO;(>\NS)*8XYN;,A32(M.0M7,DW=TYAFPB$(#B?O?]8S>\?&[Q
ME'RCRAZQUOWAZ^.\8?WB\N.CD]PMP<'6).BRU*Y/71UR=61QC;DN:%`W_9B%
M2N8'94C-&#>MC3GC!O\`JBWK'QN\9/E'E#KD(M.L+,])_P!W%CP.P/0GF7IG
MZ$2^/2OT1Z2\[]'>D_0+BO\`,//_`#`_R/E?$\KY$SQ?#X@O`F)C6")B=)>\
MR$LX?6;]NU6^Z4OMC)LWVL9[LMS6%/&:,S`8$\>F5WWJ3^LC[(Y[E+\96LRA
MK2SG;JM.KWW46[WM0_YEEF:;>7HIN8LP^;L3`8#`W2Q7]5XW\@L_S>GSD=$:
M0^#:?LPL?U#E_9YQR8U@G26'C.ISF`P&!J6Z3?=!9O7R<?#4V<^YDVLQ66Y1
M=D.ZB/?.O7Y>8>Q49SHLQAA=E*%N75,!@7#]&3V[6E[I3.V,9S/=QCNTV]9:
M/,P:O__3U[\SHZ=-GV"1@BEW2XEA;:]+6U.K?QU3!&9.N(5MTM1RR]&JRH=*
M(PSR>*@.(<VI$R3';@V$&C,959!1_DR8[II^?QNO88A4/8XW!(W&V=H0'%%K
M2$46C:8DM(UHVQ$M4)6D@MK2&B+3)MB(3:$#Q->3!O?B:(5&4!/G1WYHKHA*
M+:A$Q=R+:Y`-Q\>1\^KFL.3:;&8^S`L30[<03./,,I6)JXRS(DI"H@B0C]#G
MI-C#HY5X0Y"TZ+H<E5#_`)`VW?\`5#Y%)3%H373U4(+5IVLY6TO+L]`M66I[
M?GD,K\4HK7;:9N,-_P!"G6:%F#;7<&SW8M`KV$U$`*<U43%/5R)QYQG,')&V
M*TFH6&M8'4D(GUA>AI_`+;C5HVW"JTAX'B83:F)$_-3'4,]CS,]&[T<6TN3F
ML);R/+'ED>6\*<4X.FT_R2E\@G%'0:T66,M#MR1X\2#D-7Y$6"OT5%@0I75!
M4ZK.0KG!W<?I0[,B:ZV0U(])D[8G<@IUN]H4WDR]&"8U30PA`/A+[4NI+_'X
MO_DZX=9'5:?KV3\R53`8#`8#`8#`8#`8#`8$*^:M*2F_8"AKPJLJUM.%K)55
M[RO;)=+Y)!)3''N-6Y"7<V1Q231V+2)>T!)B9+CYPN0GM[LWA*\=()0,W9.$
MQ-'CC:YYFLH**A!K'0E[Q:H8'6")PM:U;VLN#SB77+'8N5'97=,LJMAXX6&S
M2Y2B6;-=&9H',6\H;F:-4>I*5@;U38.'%^AJXAV'"^3%6W3&;TF\IA5?U+RE
MC*N#SD=4(5#C+;TL2@)ZV,X'B+<?T[\JA;RXUFY+']U7.:F2$N"5JVF-/(/=
M2SQ7A1T6E*+51RXI_P`A'6OH+3DKM>OX;')_!JX=R7YMD\TCLDF3^Y6!,']/
M#X43*))__3^9(7(Q&%>H;];VL%H6R4R03/)+C"#`Q:<I^\[R.]_%O_:#(<Z;
M<;>SGNRGNX/ED&`P+XNB7_J9^IG]Z^8[OU:;?-?#F35G#ZS?MVJWW2E]L9-F
M^UC/=EN:PIXS1F8#`GCTRN^]2?UD?9'/<I?C*UF4-:6<[=5IU>^ZBW>]J'_,
MLLS3;R]%-S%F'S=B8#`8&Z6*_JO&_D%G^;T^<CHC2'P;3]F%C^H<O[/..3&L
M$Z2P\9U.<P&`P-2W2;[H+-Z^3CX:FSGW,FUF*RW*+LAW41[YUZ_+S#V*C.=%
MF,,+LI0MRZI@,"X?HR>W:TO=*9VQC.9[N,=VFWK+1YF#5__4U*\R;/I)QL^'
MO2J;2:M+3HL<_CU<S1ZXRR.XHQ84FLJ+AKV:5)1&UA+6W3N\?,9$0`MH9U2T
M"LXLT"Y"YIVAQ(;X6BJQZGVDQ@J2K6(UODS2:RUU"6DQKFCHG?)BVF-L9;$8
MV^6/210K2/$F1B)\FO5%&FEJ%01F!&+0M;W*J`E26%,G/E*C;I.ZWF:SKI/,
MHQ!$+[3]UUY40(^S1ZQ).XO)LAE<=*@,]L&?NBH"@I:4K++0,[`04S`$2M=A
MGD\EH&$(EVG6_)B56TPRB$SZBFFO(R2C''&2;U=-99,(W(5J)S9Y3-F=V;+,
MC4<%)CX^\'H6T2IM4%(DYAP=Z&%4H"(G@_'.N.;[R!6LB7D2;!EL>K^37`NA
M8*X2OK:X2%CM*J[(HTE-+`R,YT"S#;:LM1V(7I$IZ]*ZO&TJX(D9:,*,X5IH
M55QJ?HQ-Z1G%@RACDSIQVX\/W'J`&L;,H;/314R<JP4SFQWTE6H4`9G:1(*8
MCQ"5H2B4DM?_`-AOSU6%66!,*ZI@80@'PE]J74E_C\7_`,G7#K(ZK3]>R?F2
MJ8#`8#`8#`8#`8#`8''.0L[>ZOHVU[$C0$(W^%P2121G`YD&*F\3@U-QRI,%
M8F*/3&GI]FEZ\8(3`;WK_P!=9,168A$S2)EGJ_-[Y7?%U2_V/>OVLS;\[?ZR
M_2X_-[Y7?%U2_P!CWK]K,?G;_3]+C\WOE=\75+_8]Z_:S'YV_P!/TN/S>^5W
MQ=4O]CWK]K,?G;_3]+E]W$RTY-=?'BLK1F);65)9<UNBQU+9DIR)L":CD;RU
M%:2)3U2TTD'FR`'AT(T?A%X=_P#KX-9712Z8AK;-8B4BLJEBTY3]YWD=[^+?
M^T&0YTVXV]G/=E/=P?+(,!@7Q=$O_4S]3/[U\QW?JTV^:^',FK.'UF_;M5ON
ME+[8R;-]K&>[+<UA3QFC,P&!/'IE=]ZD_K(^R.>Y2_&5K,H:TLYVZK3J]]U%
MN][4/^999FFWEZ*;F+,/F[$P&`P-TL5_5>-_(+/\WI\Y'1&D/@VG[,+']0Y?
MV><<F-8)TEAXSJ<Y@,!@:ENDWW06;U\G'PU-G/N9-K,5EN479#NHCWSKU^7F
M'L5&<Z+,88792A;EU3`8%P_1D]NUI>Z4SMC&<SW<8[M-O66CS,&K_]74Y>\8
MX`UU:Q;7?G-9^HZPU#W([KCL1DO-^3T6UL"N;KI>U.,AA<7,L&*QYB$X%2EW
M1[VB*`>I*5*AF>/LT\8H6BM.$+':L^CQ-75L&+OKG(XJ&!PPN-21_6JESU(&
M+;`VELCR\.#CH*Y<[/"'91QYIVM'&GF;$/7C;WDJJXJ#K&+QKF!('\44=%4U
M4O%D*5:!7Q\OB/QVJFE8>^%-\E9N0-ERITKB>2&8)-@1*=LFCE+J%>H/0IF]
MO3+R\A:=%KF2JY3*+VI2$V!$*HF-M5Q%K.L`0`PBOY!,X^T3"6#-$I+3%L$>
M7KR'1S-6F(3PIPE%"$H&G-"7H>RAZ"*3T?=;K-KQWEB^"-<UC+A,6OSO2^.(
MWA$H=4QK=I()T3#2EFB'M:T@<$PEA&O"<D`J($<$`3BMC!#[-KRP37(B#S6,
MRPYH`E.<"V!X1.8B$B\U80@<0^:G&>7:7!2VJB4ZLOQTIYR0\L!@AD&A`'N<
M"`?"7VI=27^/Q?\`R=<.LCJM/U[)^9*I@,!@,!@,#BZOD#5:.ST]0#?UJB9F
M#5I%FD$=D;C'&-X2DP=4"-R28(6I1%H])EJ*R6,\A`K5DJ1E.J/>PZVL2:/)
MH_6??%2IQ6X`<R2"'1*1,MM8!#>\JAQ0I8T*GQ*4(*9M.V]+E#<C,V!,W>=J
M=FZT3XGEA!+V11QY#SNXR.".3+")=-RC8B*'A>V9?15]M<JU]/CY8GB(VJ'.
M=8I)9(RGD<$>A!&W(E8"BVI48;L!9)@@DTEVRHKGKN]8NKF-9.[F\L*%_=HL
MM.=XE,84X(W]B&26[MBIAG+!&WX@Y`:>$`]B3:!X_C!T+8@BUHC1U+`C1S+[
MJ/(7W2S7YE4Y:W*WNK=C+&GG2P,!@,#7CT[NYC17R"_=M9-G/?E+>W&$TLHL
MQ:<I^\[R.]_%O_:#(<Z;<;>SGNRGNX/ED&`P+XNB7_J9^IG]Z^8[OU:;?-?#
MF35G#ZS?MVJWW2E]L9-F^UC/=EN:PIXS1F8#`GCTRN^]2?UD?9'/<I?C*UF4
M-:6<[=5IU>^ZBW>]J'_,LLS3;R]%-S%F'S=B8#`8&Z6*_JO&_D%G^;T^<CHC
M2'P;3]F%C^H<O[/..3&L$Z2P\9U.<P&`P-2W2;[H+-Z^3CX:FSGW,FUF*RW*
M+LAW41[YUZ_+S#V*C.=%F,,+LI0MRZI@,"X?HR>W:TO=*9VQC.9[N,=VFWK+
M1YF#5__6U<<NKO11]_B-JPJUX7'6*G7&U8?;4?L*S9O0$.=53RQO5<LADJL%
MCK26FKVZ'S=S`J2E[4)B4ZC_`*M(%4OTC\C"T0E)8+(ZNO%U`R31BFG(1^,B
M-9$RANJIU2UG-+.?4KC%#79YB+FJDU?-\,5NCD2-Q!Y9Y8TZ0K6P&+41>A'E
MRCGP0RXQU8IB]S1QV>>&?-&L5(9W.G"-V);O)^#6C7T0C*^!29(VMC_$8SS3
MOM>J<5A9IJ%.:-@$00I5ECVO`+0`&PF9_JVG)55Q<K;3XN*ILR\>)W/H%%Y*
MX6;2MXV"B6J@[F*Q96LLBTQK%DB+<E*5NSK8DSD5;LS>42D+TH1L/ES@FIUA
M[7I63%=4&Y1$KCD'&2CJ6KA\.1\NHQS&YK2!\-2'>;2B/N#@U<V53Y/W;>R/
M.6A@FZ*S6C:%S.++2KM2AL\D+?GB?PPGG,\DJN/6@22ZN!ZZLSR2HI6'3TLB
M(W$WH"-IBXVODCQQ-1U/`I0V[)T-AEC8YUS+O(MZD!"YMTV.!(PE;,,+,$\^
MZU?)50#X2^U+J2_Q^+_Y.N'61U6GZ]DZ7I0Z)&9V5,;>2[O29L7J&=J4K=-J
M=S="4IIC>WGN(B5`4!*U6$!8SMECT4$6Q>+OP>#<JH!<'N1]@\BH[8_TJGD.
M3V;$750RSBH7VMG."V50TW-2(#26*6091,S'AP@J@T2G36H/-"->!&,],[N2
M=0`:2%IBCR+-S6L%3Q_X7.!C.V.EZ\L&`UZ7.#%7TZED/@D?B<2,FEGST-:P
ME4]SV1-[2G$C:VEG3+?+J'1W1A4+0%!..V*:O\<D>7<OAU<4M:E22*1G<<Y+
M'W23V9RS24LR7+&X$V)E+2A;S[%K=%9U/V!"6).$YR4/KJF8EX(Z)O\`(KTR
M?6E)A`B.NJSM,((TY`@*/.P")*$!5XQ(O.0[`'85'C)P%IQ>6UOQO"`(0;\/
M]76M>#62J_M@,"HVS&.5PKG7!9WQZ9['0R6P)"N:^0=62N`2ERIVQXL";<5(
M3*[JATO6)2(I`9=#:B"2\&NK:X^1?%<10LZU&8X&D"R%N7%*JGFQP_[K>8RY
MTB\G1LCV;Q^/CSX^0V2-D9D)T6@ZU(Y'1N0NS0F87\UC=]E:&)$H/V2;H._T
M;UX=2B=(?HJA0)B9.27)&9QQY&MD5BV'(VIG+CZU3*TE8T2T*ZJA:"/-8B1N
MJL$R;H4YR=M(+ULP\<N-T`(?+;*".D.E<9H(^UU1M?L,P)3E6`Y-RZ=6CYI_
M^H;;=FO+E8]K*$?Z1;TA/L.5.0DX=[%L!&P!\._%\."=7=L(1HYE]U'D+[I9
MK\RJ<M;E;W5NQEC3SI8&`P&!KQZ=W<QHKY!?NVLFSGOREO;C":6468M.4_>=
MY'>_BW_M!D.=-N-O9SW93W<'RR#`8%\71+_U,_4S^]?,=WZM-OFOAS)JSA]9
MOV[5;[I2^V,FS?:QGNRW-84\9HS,!@3QZ97?>I/ZR/LCGN4OQE:S*&M+.=NJ
MTZO?=1;O>U#_`)EEF:;>7HIN8LP^;L3`8#`W2Q7]5XW\@L_S>GSD=$:0^#:?
MLPL?U#E_9YQR8U@G26'C.ISF`P&!J6Z3?=!9O7R<?#4V<^YDVLQ66Y1=D.ZB
M/?.O7Y>8>Q49SHLQAA=E*%N75,!@7#]&3V[6E[I3.V,9S/=QCNTV]9:/,P:O
M_]?8#(>*%L6!>JBZ++MNN)BSP^2"<^/].22H9*_5O3?F.QE()YMN07#$4<ZN
MIRV,:D<@=D9XF,1VT[*6BUYPH6$UBE*)7+I8YU[5J6461HEYDC%&6/<K(@J$
MX93_`#`\A`WJVZ$-#HK)6*1OTE4^;M2,TWSDX9Y1/A$:+6MD.21WDS&I]<I]
M70\N1E)X9*7"$3V2K80)TA"ZR$L!/FB^GF&?MLM*0(Y_#6HXIP>#"T#LU@\W
M.;M*2UX30$DTX)2808#`8#`@'PE]J74E_C\7_P`G7#K(ZK3]>R=+TW#>&9V:
M"G-S9#'1L7MQ;RRFIR'EH&N2FI@.;2>K2KDA+F@$;Y4@9I)Q830!V(`]>$.Y
M51:J7C0[0>SYG=,PF;7++.>&&1PB./3;%_H^UIH>_/S3*SSI2TIW0P^02%5(
MV<DX?DU25`C*T86A)2[4JC#B9FKY<%XB@KV&<8VAAG9)DUXLMCS&8=,7"(;/
M;Y%"Y1'@QF51F51HB4)5(P.R9*A7`/1.:,1+LU(S=A,3!4(U`KJ_HBXHN#96
MA]"H+**!0TEK67P:Q8>=!T^I=)'NR)))I!94RCT\;9&U@AZB:%S%P3FHO1:\
ME#XY9J,2<PO>QBO-,!(D3($J9"B(*2HT2<E(D3$`T62G3)RPDD$$EA\`0%$E
M`T$.M?HUK6$/T8$5.5?+2%\3(_%)%,XW)Y(EEKPM941$8"U"/3'HD6EQAJKT
MJXMQ?D1E[\&O$$(7C?TZ\&6MMF[16Z[XH/[ZR]"[,"=NJ;7V:`!A8#=DPW9@
M"S1%B-+"/Z2^,$!@B0;%K6_!O8->'^C66_*[K"OZ1T?T_.;HG_"VVO\`EP[]
MIL?E=U@_2.A^<W1/^%MM?\N'?M-C\KNL'Z1T?8CO6"I&22!BCJ6LK4(5/SPV
M,J8]0"(^0)/=%I"$DT_R<D&9Y$LP_6Q>*'8O%UOP:WO'YSU@_2.BV_,VB-',
MONH\A?=+-?F53EK<K>ZMV,L:>=+`P&`P->/3N[F-%?(+]VUDV<]^4M[<832R
MBS%IRG[SO([W\6_]H,ASIMQM[.>[*>[@^608#`OBZ)?^IGZF?WKYCN_5IM\U
M\.9-6</K-^W:K?=*7VQDV;[6,]V6YK"GC-&9@,">/3*[[U)_61]D<]RE^,K6
M90UI9SMU6G5[[J+=[VH?\RRS--O+T4W,68?-V)@,!@;I8K^J\;^06?YO3YR.
MB-(?!M/V86/ZAR_L\XY,:P3I+#QG4YS`8#`U+=)ON@LWKY./AJ;.?<R;68K+
M<HNR'=1'OG7K\O,/8J,YT68PPNRE"W+JF`P+A^C)[=K2]TIG;&,YGNXQW:;>
MLM'F8-7_T-_&!SZU#H65`)&58C<K=X8Y)TC$^-J!H>WU<L(D+BC8DQ*)KC2=
M7(5"O:YQ*V6)"6)64/6C"O`,&MZ"/-7PVAX\^5#$JBC:^OVZM_IRM88;+X[>
M5=#<029`ZFRF3QIBG>HRR6'.#GM[$>\O3@D>G4HET4F&*"35HAG$\>*8^$(R
MV]8L[A]\\3H<QN;,3";9G%EQ>;MBAB&J>U@8W2%BS]D.;GX;H$AL2D/,7(V<
M4%$(X[]'_'`#QRQD\I1,L#EE:M/<CK))NQNL6MZH8H-;<UHZ-ZA-9OM<<A&V
MGZI=9O(VQ!<<>E$GFL/L4;<PNC^2Q/+.R&&-C>+R&U04RG9L)IPX.HTU>MDD
M69QCK^S9`EEZCE)Q8FM\:4HVAK9T4$GU9*J)'+(I&2&ML1*E$`>T%[@$V^E3
MW!U2;9=Z/6*=JO"7*)C6B?F$(!\)?:EU)?X_%_\`)UPZR.JT_7LK-ZEG(N]Z
MTY0.L7K^W)]#HZ5#(@M+98])')L;0*UB10-4H"E3'`*T<H$'6QB\'A%O6;V1
M$V\887S,7<)0!_[R^5W^X6VO[:O7_P`G+_&WQA3Y7=3_`+R^5W^X6VO[:O7_
M`,G'QM\8/E=U/^\OE=_N%MK^VKU_\G'QM\8/E=U6+]+_`)"WE:')-=&K$M>=
MS1@+K.4.8&>1R-Q=6\+@E=HT4F6!3*CC"M*""E)@0B\'AUH>_P#\Y3<B(MX0
MO9=,SQEH5S%JI:ZTGLPI7U\D'9X&:[6LL]S2&>'-F1@,#WE6>T^N/7R(=H6[
M(G22-8;A\Y72C1S+[J/(7W2S7YE4Y:W*WNK=C+&GG2P,!@,#7CT[NYC17R"_
M=M9-G/?E+>W&$TLHLQ:<I^\[R.]_%O\`V@R'.FW&WLY[LI[N#Y9!@,"^+HE_
MZF?J9_>OF.[]6FWS7PYDU9P^LW[=JM]TI?;&39OM8SW9;FL*>,T9F`P)X],K
MOO4G]9'V1SW*7XRM9E#6EG.W5:=7ONHMWO:A_P`RRS--O+T4W,68?-V)@,!@
M;I8K^J\;^06?YO3YR.B-(?!M/V86/ZAR_L\XY,:P3I+#QG4YS`8#`U+=)ON@
MLWKY./AJ;.?<R;68K+<HNR'=1'OG7K\O,/8J,YT68PPNRE"W+JF`P+A^C)[=
MK2]TIG;&,YGNXQW:;>LM'F8-7__1W\8'B;$:9N^0]V:ZXE;9!YFI&U[992\Q
M[<L:VG:=X0*EYBV-A=&03R2I:R3R-D:6)-CV;^@XO?\`7T'$(73MW?3:)2N\
M.0+#9*&#+G=YB$5@].):E;12IVC+S$A/4D6J[`L=X?PM<8D+F4D1D'H$VC58
MCSP'F$)]DDUCHE+A#C5@U$&>6/2-B#D1S4=2,IDLK:6@IL)5IGY9*X')JY=$
MSJI,5$GDIB([+%1B;R&@#+7!*,,V:4$:<PGJ\JLX]@F[BC-N^8FW$SQ>3V'(
M:]9G2,,<7#'2K%B,PKA:D?%$9TC*E"MAK*?O4=0*0DH/&;G52-86K6;)5$BO
M1_*K^-C/7<CKV4.,N?YPZU!2ZF@:P4OI#<F/8:]<G.'N<B6/!K>05I_G,PW7
M$;*=7'04J4T#&1M,B2C,5B4"J2F$(!\)?:EU)?X_%_\`)UPZR.JT_7LIEZLG
M>^>?4.#_``)3G1MXN>_)6EFBA@,"TOI"=ZYQ]TLP^>HGF>YCZK[>33QF#92U
MUI/9A2OKY(.SP,UVM99[FD,\.;,C`8'O*L]I]<>OD0[0MV1.DD:PW#YRNE&C
MF7W4>0ONEFOS*IRUN5O=6[&6-/.E@8#`8&O'IW=S&BOD%^[:R;.>_*6]N,)I
M919BTY3]YWD=[^+?^T&0YTVXV]G/=E/=P?+(,!@7Q=$O_4S]3/[U\QW?JTV^
M:^',FK.'UF_;M5ONE+[8R;-]K&>[+<UA3QFC,P&!/'IE=]ZD_K(^R.>Y2_&5
MK,H:TLYVZK3J]]U%N][4/^999FFWEZ*;F+,/F[$P&`P-TL5_5>-_(+/\WI\Y
M'1&D/@VG[,+']0Y?V><<F-8)TEAXSJ<Y@,!@:ENDWW06;U\G'PU-G/N9-K,5
MEN479#NHCWSKU^7F'L5&<Z+,88792A;EU3`8%P_1D]NUI>Z4SMC&<SW<8[M-
MO66CS,&K_]+?Q@>6F\+CEBQ*00>7(1N<:E#8H:'E"4M7-IJA$I#X#`DN#8I1
MN*(X.]:$`TDTLP`M:V$6MZP*E:(JH<)Y<0A>V5.S0Z'F2.SR(DY,E9<D7)4F
M:V:*SV.JTLCN27VR]5#I5I424,D1;(7M_3+4YS1LTLIR$WPM7@N3R57/9):<
M(B4XKNN7YS6HY;:JU_;X,B`P2%8@=EL8C3M+WE(HD")K41YE4DQYB5J"BURI
M,8J"0/1`3!!%K0>6:>0M4O4K*B**0G!5+)3-((SO2QH=D$2D4\K<M].L*$1R
M5K49#&]2F&$19U&O2$'#&#32XZ!XXFUPTE)H_M6M^5C;*I&DACTM4'/,0;K$
MB^G9C>H_J9UT[G%IFZ>P_;TA0_2"+*%)Q0!'D>,(C2E*8:`LI:B,4"E'9<(0
M#X2^U+J2_P`?B_\`DZX=9'5:?KV4R]63O?//J'!_@2G.C;Q<]^2M+-%#`8%I
M?2$[USC[I9A\]1/,]S'U7V\FGC,&REKK2>S"E?7R0=G@9KM:RSW-(9X<V9&`
MP/>59[3ZX]?(AVA;LB=)(UAN'SE=*-',ONH\A?=+-?F53EK<K>ZMV,L:>=+`
MP&`P->/3N[F-%?(+]VUDV<]^4M[<832RBS%IRG[SO([W\6_]H,ASIMQM[.>[
M*>[@^608#`OBZ)?^IGZF?WKYCN_5IM\U\.9-6</K-^W:K?=*7VQDV;[6,]V6
MYK"GC-&9@,">/3*[[U)_61]D<]RE^,K690UI9SMU6G5[[J+=[VH?\RRS--O+
MT4W,68?-V)@,!@;I8K^J\;^06?YO3YR.B-(?!M/V86/ZAR_L\XY,:P3I+#QG
M4YS`8#`U+=)ON@LWKY./AJ;.?<R;68K+<HNR'=1'OG7K\O,/8J,YT68PPNRE
M"W+JF`P+A^C)[=K2]TIG;&,YGNXQW:;>LM'F8-7_T]_&!^%S/;$[>L->3D)#
M5I.8%P,<S$Y3?I*8'99P5@U6PIM)S`#\46A[\7>M^#?].!4GQ<HZN:VY.FAC
M$&<`.#0JGHV]B#05_LL0IV,F^GV]BDC!R%LZ8/5<V`\RML6!;S1,^U*AT+<S
MST"=O;TRXO4+3/#5;UDJHA7VUO2_D/PD<VV/29U:HK:EHNLH=VB-/SLS1IM>
MN/-J1%K72!W;6Y4VLJ9;)'U(E`-2:5KQS];WX`:$+1,:2KNEO%JXI]QEJ+B6
MV))K';$A7)WE;*)'92UD?V^.(H@^MO+%1$Y\1-_)E-+K_>/_`'RQTH"=&M4.
M(3'56`\K0F]QT1":\:I1TI!9K)+FX73,V)3:"-?'OA!9]8V6FE$;=HSH4_M)
MWXNIVF`)#EY"1#*`1HVAWM4M4MQBYM+$!`:2<86K(-W*.4]UE>$(!\)?:EU)
M?X_%_P#)UPZR.JT_7LIEZLG>^>?4.#_`E.=&WBY[\E:6:*&`P+2^D)WKG'W2
MS#YZB>9[F/JOMY-/&8-E+76D]F%*^OD@[/`S7:UEGN:0SPYLR,!@>\JSVGUQ
MZ^1#M"W9$Z21K#</G*Z4:.9?=1Y"^Z6:_,JG+6Y6]U;L98T\Z6!@,!@:\>G=
MW,:*^07[MK)LY[\I;VXPFEE%F+3E/WG>1WOXM_[09#G3;C;V<]V4]W!\L@P&
M!?%T2_\`4S]3/[U\QW?JTV^:^',FK.'UF_;M5ONE+[8R;-]K&>[+<UA3QFC,
MP&!/'IE=]ZD_K(^R.>Y2_&5K,H:TLYVZK3J]]U%N][4/^999FFWEZ*;F+,/F
M[$P&`P-TL5_5>-_(+/\`-Z?.1T1I#X-I^S"Q_4.7]GG')C6"=)8>,ZG.8#`8
M&I;I-]T%F]?)Q\-39S[F3:S%9;E%V0[J(]\Z]?EYA[%1G.BS&&%V4H6Y=4P&
M!</T9/;M:7NE,[8QG,]W&.[3;UEH\S!J_]3?Q@<#Y.PN36!2DIBT.2KELB5.
MD#<D*=K(ABMU$5'+"BDD<3&I#8PRX`Y.A#8T'&)DKUOT6J/"$I3K9(QZV3&K
MR\"IF]8Y,(O)9=RXLNR(XV'+U#S7\GK>B(ZW/(%L>=VU(2K=ZZKR-/9)S0ZK
MR%@=%K!IS#$V@B"/6]"T.'1*3"#`8#`8$`^$OM2ZDO\`'XO_`).N'61U6GZ]
ME,O5D[WSSZAP?X$ISHV\7/?DK2S10P&!:7TA.]<X^Z68?/43S/<Q]5]O)IXS
M!LI:ZTGLPI7U\D'9X&:[6LL]S2&>'-F1@,#WE6>T^N/7R(=H6[(G22-8;A\Y
M72C1S+[J/(7W2S7YE4Y:W*WNK=C+&GG2P,!@,#7CT[NYC17R"_=M9-G/?E+>
MW&$TLHLQ:<I^\[R.]_%O_:#(<Z;<;>SGNRGNX/ED&`P+XNB7_J9^IG]Z^8[O
MU:;?-?#F35G#ZS?MVJWW2E]L9-F^UC/=EN:PIXS1F8#`GCTRN^]2?UD?9'/<
MI?C*UF4-:6<[=5IU>^ZBW>]J'_,LLS3;R]%-S%F'S=B8#`8&Z6*_JO&_D%G^
M;T^<CHC2'P;3]F%C^H<O[/..3&L$Z2P\9U.<P&`P-2W2;[H+-Z^3CX:FSGW,
MFUF*RW*+LAW41[YUZ_+S#V*C.=%F,,+LI0MRZI@,"X?HR>W:TO=*9VQC.9[N
M,=VFWK+1YF#5_]7?Q@,!@,!@5%7/;%_<=.1,VL*VFF3O=?2J(W:OXN!KFX75
MTJU;+:HH&;VBCJRY*36PB*N;1+I1"JVD+VD=4+U($)ZY(,K?F@PHPAA;A,.I
M4C8$_BUN\/H*\2R5S]%R5X:63;]C.,E<7!W&CM6J5W&40I@R$*5:AOAC),2[
MY<B%;.V%)&A.:F0!2$$Z"9HR43S61X0@'PE]J74E_C\7_P`G7#K(ZK3]>RF7
MJR=[YY]0X/\``E.=&WBY[\E:6:*&`P+2^D)WKG'W2S#YZB>9[F/JOMY-/&8-
ME+76D]F%*^OD@[/`S7:UEGN:0SPYLR,!@>\JSVGUQZ^1#M"W9$Z21K#</G*Z
M4:.9?=1Y"^Z6:_,JG+6Y6]U;L98T\Z6!@,!@:\>G=W,:*^07[MK)LY[\I;VX
MPFEE%F+3E/WG>1WOXM_[09#G3;C;V<]V4]W!\L@P&!?%T2_]3/U,_O7S'=^K
M3;YKX<R:LX?6;]NU6^Z4OMC)LWVL9[LMS6%/&:,S`8$\>F5WWJ3^LC[(Y[E+
M\96LRAK2SG;JM.KWW46[WM0_YEEF:;>7HIN8LP^;L3`8#`W2Q7]5XW\@L_S>
MGSD=$:0^#:?LPL?U#E_9YQR8U@G26'C.ISF`P&!J6Z3?=!9O7R<?#4V<^YDV
MLQ66Y1=D.ZB/?.O7Y>8>Q49SHLQAA=E*%N75,!@7#]&3V[6E[I3.V,9S/=QC
MNTV]9:/,P:O_UM_&`P&`P&!Q=DHJ(MKL>ZOSK+[&V2^3%]C*"SI";-D$'-GI
M*Y')4,6`[$#4@;SVAS4MJ72XU<<VM*D]O1F$(E"@@T/Y5QQ^KBKG)B=HVD>%
M*V(5VDJ*"FO[VN?!P:K$*](Y)X-&S%HQG%MQBEK0^=*U(E+JX@;4(%BM0%$E
MT235VW"$`^$OM2ZDO\?B_P#DZX=9'5:?KV4R]63O?//J'!_@2G.C;Q<]^2M+
M-%#`8%I?2$[USC[I9A\]1/,]S'U7V\FGC,&REKK2>S"E?7R0=G@9KM:RSW-(
M9X<V9&`P/>59[3ZX]?(AVA;LB=)(UAN'SE=*-',ONH\A?=+-?F53EK<K>ZMV
M,L:>=+`P&`P->/3N[F-%?(+]VUDV<]^4M[<832RBS%IRG[SO([W\6_\`:#(<
MZ;<;>SGNRGNX/ED&`P+XNB7_`*F?J9_>OF.[]6FWS7PYDU9P^LW[=JM]TI?;
M&39OM8SW9;FL*>,T9F`P)X],KOO4G]9'V1SW*7XRM9E#6EG.W5:=7ONHMWO:
MA_S++,TV\O13<Q9A\W8F`P&!NEBOZKQOY!9_F]/G(Z(TA\&T_9A8_J'+^SSC
MDQK!.DL/&=3G,!@,#4MTF^Z"S>ODX^&ILY]S)M9BLMRB[(=U$>^=>OR\P]BH
MSG19C#"[*4+<NJ8#`N'Z,GMVM+W2F=L8SF>[C'=IMZRT>9@U?__7W\8#`8#`
M8'SW9U;6)J<GQY7)FQG9F]8ZNKDM.`G1M[:W)C%:Y<K/,WHLA,D2DB,,&+>M
M!`'>]_T8'`:HY*1BTGJ(,&XU*84Z674_]^E8(Y84U%*YI5A*V+-SL]`2M;FX
MGL;S&E<Z8=N;:M"4>D+?4/Z1FB4DI2:)'80@'PE]J74E_C\7_P`G7#K(ZK3]
M>RF7JR=[YY]0X/\``E.=&WBY[\E:6:*&`P+2^D)WKG'W2S#YZB>9[F/JOMY-
M/&8-E+76D]F%*^OD@[/`S7:UEGN:0SPYLR,!@>\JSVGUQZ^1#M"W9$Z21K#<
M/G*Z4:.9?=1Y"^Z6:_,JG+6Y6]U;L98T\Z6!@,!@:\>G=W,:*^07[MK)LY[\
MI;VXPFEE%F+3E/WG>1WOXM_[09#G3;C;V<]V4]W!\L@P&!?%T2_]3/U,_O7S
M'=^K3;YKX<R:LX?6;]NU6^Z4OMC)LWVL9[LMS6%/&:,S`8$\>F5WWJ3^LC[(
MY[E+\96LRAK2SG;JM.KWW46[WM0_YEEF:;>7HIN8LP^;L3`8#`W2Q7]5XW\@
ML_S>GSD=$:0^#:?LPL?U#E_9YQR8U@G26'C.ISF`P&!J6Z3?=!9O7R<?#4V<
M^YDVLQ66Y1=D.ZB/?.O7Y>8>Q49SHLQAA=E*%N75,!@7#]&3V[6E[I3.V,9S
M/=QCNTV]9:/,P:O_T-_&`P&`P&!SJX*_(MFI;1JM4M&VIK+KJ;5^H<2P>4,;
MR)E&G..&K2R]_H&-*6Y;,UK_`-=A\&!$*H:0LI9:O%&?V%$1P@/&+B3/J87$
MBD$=>T\LL:TW"@DKTIC@V)R<E0XA&FR@SC"5#@2VJU@7Q+O:8HPA22`FNJP+
M"$&I9T^Z6E-@6'9*.>\IJ[?[4DY,TG2"G.6_(FGHF^2PF,QV'?2$Z'5Q8D;C
M0'@Z-1)M2&J`IM&FE(R@B%O0`^!1/R_CBLLZ/'$&?/`Y#.GWE3-'\Q.0E,?)
M9S(Y,2-X,2I0["F3#<WBS%BT2=.$6]`!L?B@UO\`1K6*S&DR<)UMCV>:_)#X
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M]G]TO1.X-(529<A(Y%HUJ-02J1K$O+'D0G5)52<P)R=2F4$V(`TA00:#0@##
MO0@BUK>MZWK%;O*3AXQ[.X_EU5;_`(_<_/\`R$\Q?OCRM%OE_(?,>>FA2LC:
M7%AD-T<Z7YC=TA[>[,KSS[Y=NC2Z(%(-EJ43BW+K>/1K4B@L6PC+-`(`P[\&
M];UD^J*_R'&OR0^"'Q?R$_%7R$^\+)K=Y2CAXQ['Y(?!#XOY"?BKY"?>%BMW
ME)P\8]C\D/@A\7\A/Q5\A/O"Q6[RDX>,>Q^2'P0^+^0GXJ^0GWA8K=Y2</&/
M9UZ.],:BX@RH(W$K?YQ1>.M99A38PQWGKRW9&5N*-/-4FEH&MMMM,A2%F*3Q
MF"T66'6QC$+?Z=[WD:ZRFO\`(?:_+JJW_'[GY_Y">8OWQY%$_+^0XLZ]%CA(
M^NCD]O8N2;R]/*]8ZN[NZ\M^1C@Z.KHX*#%:]R<EZNQCE:Y>N5G#-..-&(PT
MP6Q"WO>][RU9\I5X>,>S\'Y(?!#XOY"?BKY"?>%BMWE)P\8]C\D/@A\7\A/Q
M5\A/O"Q6[RDX>,>Q^2'P0^+^0GXJ^0GWA8K=Y2</&/9[R$=)?B_6?I/^[B;\
MP*_]-^9>F?H1S:Y213TOZ-\[]'>D_0-I(//_`##S\_R/E?'\EY8SQ?!XXO#$
MUG693$TTMCV>\_+JJW_'[GY_Y">8OWQY%$_+^0YO,^D/Q0L=>E=+#E7+6>.:
M%)Z/1.,SYH\GI0O1H-'&J-(DJQ\L]<H3I-*#QF>3`+0/'&(7@\.][R8F8TF4
M3,3K;'L\?^2'P0^+^0GXJ^0GWA9-;O*4</&/8_)#X(?%_(3\5?(3[PL5N\I.
M'C'L?DA\$/B_D)^*OD)]X6*W>4G#QCV?>C'1MX;PI\0R>&NG**)21L\Y]&R&
M,<PN2C"^-_GJ-0WK/,79JLI(O2>=H%9I!ODS`^4)-&`7A"+>MQ69UNE/"/K'
MLZU^755O^/W/S_R$\Q?OCR*)^7\AY:7]+'CO832%AGUF\TYPQ@5DN`&67\Z>
M5TE:0KTX#BTZT+<]6NM1A5D%J#`@,T#QPA&+6MZUO?AF*QI**UUB/9S#\D/@
MA\7\A/Q5\A/O"R:W>4HX>,>Q^2'P0^+^0GXJ^0GWA8K=Y2</&/8_)#X(?%_(
M3\5?(3[PL5N\I.'C'L?DA\$/B_D)^*OD)]X6*W>4G#QCV=T*Z<M4D%%D$7SS
MX)))+`4225U!N8991118=`++++!<6@`+`#6M:UK6M:UKP:R*)K_(?S5=."I%
MR52A77KSU6(EB<Y*L1JNH'S!4)52506(E0F4ISKA&4>G/*'L(P"UL(@[WK>M
MZW@K_(</_)#X(?%_(3\5?(3[PLFMWE*.'C'L?DA\$/B_D)^*OD)]X6*W>4G#
MQCV/R0^"'Q?R$_%7R$^\+%;O*3AXQ['Y(?!#XOY"?BKY"?>%BMWE)P\8]G4H
MGTMN/D!9P1Z"VES6A;`6H/5%L<3YV<L8XSEJE0M"4J0-C/;"-$%0H$'6QCT#
MQA[U^G>\C764UII$>STWY=56_P"/W/S_`,A/,7[X\BB?E_(<AD71HX9R]Z7R
M26K^3THD3H86:YOTBY?\DGMZ<32B"DQ1B]T<K)4KE9A:8@!8=F&"WH``AU^C
M6M9:LQI=*.'C'L^+^2'P0^+^0GXJ^0GWA8K=Y2CAXQ['Y(?!#XOY"?BKY"?>
M%BMWE)P\8]C\D/@A\7\A/Q5\A/O"Q6[RDX>,>SV$,Z0_%"N%ZITKR5<M8&YK
MDGH]:XPSFCR>BZ]8@V<4HVB5+&.ST*A0DVH(`9Y,8M@\<`1>#PZUO(F9G693
M$Q&EL>SI'Y=56_X_<_/_`"$\Q?OCR*)^7\A__]'?Q@,!@,!@,!@,!@?.>'';
M0T.CMI`XNNVMN7..FMG3A6.[EM$F-4Z0-:09I`%3BL\EY,@O8P:&:(.MBUX?
M#@0.6\TYI!Y1/JZN.CFR%6.U.?'='5[5%K7%/HK99')VSY+4M>!<94.N8HN@
MSRQR>(N!TA2#:W$M&VI352$]R`6+6$TZ2]&EYCC<K:WQN;8,QF\C$$OD[)(8
M4KG[@DA;;$HQ6,#M-18R"<EUZK>G:.*6ZUHVU`!N/IS]/BU01L/D$FU1HIPK
MR<XF'4;AK>R<?/HBT0+<UY`.DWCK5&[BMW5-1]EF%<2\RMY=`MSW4"G;.[3H
MJQD:UK;VX)1`W3;<I,3B$(!91L53\=5D9>S-EE[."`!NP!V:`LP1I8#-AUXX
M2S1%DB,`$7AUH6P`WO7Z?!K^C)5?[P&!$F?\BK`KFVJZ8'VEB04?8=A&U.1;
MN[#`GE[---QI]?D#NXU$IAA8-U@XK(^H0`>@2+STLP`E8VT+;LI::33^N.KN
MHI"HM6,-NNP8:='*OMZD;#OFCW1JD1K[(IU%X/'F::L\=>HXNC,<+BLXL>"R
M)*Y,B$A8[$#\DJ(4J$YI1.E(H]Q..;49I=7.XW>T8)B=@Q.)U5,(_#X1*T\V
M#8Z>YIE):VA,;B#Y)F:LT@9?_>!%%")R+7%I&EK2*4B]0X@2#4F)!2NB5\`D
MJN81%EDRPN,%C>4@5A>H=+@3J.[),_\`9M!*2F=C3NH0[UL(QE$>2\<.]!$/
M7];9#V.`P(T<E+EM.FH:_P`QK.DT5P)H-$WFP)VG>+)+JTI-$V$DY4M0PQR5
M0N8(I;/U*)$J4)VQ2)I;PDIM^=.:09Z0"DF'+Y3S@CC(CM69-<1$YU10C#5$
M@NN7N;^IC\CB"6T(ZSSY04W0HR+N);PH@582=ID#P!2YMHPI5WDB`G'EB!L4
MT?[2\TTRQ#%9:DKT3E6]G6U;=&5$_M4MTHDTRLFK`6L4D3.476QIM:(Y&+%=
M:7>D3&X`>EYAQZEL\LF*"M&)**/:4S>5RS:W)K4MK49%JP70RNH98*IXBMRG
M6DD&">R&7L$<8U91M7P$M&X*=0)V4#\D<IV4405L80Z4%"$*<*I8808'D)T^
M2./QM6NA\5^FLI-.1(&&.&NHX^VK'!P5DI0J'Z2!:WS<=CK648-4O6!1+3RT
MI(])TRI2(E,<$.H1S,DTI'$:^=J<;HKR)?[CL^G'>M%=F'.4#9U520DNPY5.
M&VUD->>D9%!3XV[LI:,\$:3KA.CV0D4I4ODE1I!-/9\EGY\MDS06,=7=<[E+
MM0E<2Z?\AHVIF.FAY@:Z$69<=3/$!BH2HL[(IG-%\OX\S(+:4N.CZ52F0(SS
M3TQ3@`10H]-&><4+G5H$P*"-K+)F\<]KR$B$1,1IK&5MMH4JS7A%+-9*P,C`
MS7&JSHP[C"<['.B38?1CB,!)GFFP&"B<F$&`P*]Y?S@DU1ODU2WC0ZF"L!=(
MR>\Z?<F*P2I<^V`UQ65UK!%M=S>.+(;$T]4VPLF%Q1I"E;PN#\UGB7F["Y?]
M(?H)-*Z/3OW,<V*VHW<<Y%!&%/R.DS]7"*$P5NL%P70Z31FQHO=,P)F09RIK
MQM?$37&V;CC-O20-1TX1*AL2EZ$+;@3L`ISY/X,'-`4ZF(*?KRO6Y\O5M0\A
M5,N@KY/]QN.Q]3QRG%;0*1HTLS+AKVM=M35PMEC7QXT;.D`<T*O+.'HX_6DH
MA3GR2<IBV(E?%15E=<"/4J(7;$#BMAQ<:XD*9P"R2YE1OB`AR2A,-TD<TI"W
M12DGQA>2/`,&][\7")X<'3,!@1-O+D)8U-R"-N":D-2NFS+'JRL9U/\`=@>@
MIBQ/%OS&(P6-/D(K/<+=D]CQ5JD,X;R'0[TZTKRC-G@2(UHB!^$F(KSXOB13
MF$TR1QKEW/BJ9!4]Q7C9/'NL9\3*#ESN[3VNE5GH=+W^(F1A`A88;,EU./9+
M.N(>'!0H,-;?*)2M+A[2B@LY@M[5#+OD[U`UK4ZU5R.BG&.,Q<Z1H5*NP;!L
M=13S/6@-+D+>I3QXF2R>Z&U(IT`+EZ.(*.4[$:$&P!%'7ZKN/4^EEKUN_L:.
M+V133S%T$O9&I]/D[&J:9S%4,NB$FCS\K8(LO7M+FE/5(3=*6U$<0YM:PH(#
M"`$*5`H[=A!@<JMF5V=&F,D-05DTVE-UOGIR-DE,Z45A#DZ)L3><*S7R=I85
M82AM6K31E)6],2T*S%2H_6S/()"5:M,$28WST#.86?+(34;@XK89QHCW)NY8
M@]2\EGD4%C\D7V$V-4(C0D,;?F2=3AT74_*@H0FK&9L4EMZ8[:PHA<6:633^
MN_M/(EHD%S5!64?8376*W7QYLCD)#++)=TP6]:RUY)J"8Q-14?VF$X[T](.0
M#<L*5&FD:!I*87Y(?C:&$4?>A=QFRV[KHIH^)*F0=1QVIY(1(E#PC6AE2*TA
M6"40(EJ2$;VS@:E%?G:UY50::H`>$0BR-AV$0Z.W808'P)2\+V"/.KLU,+A*
M'5(FWZ*CK8,DE8].AXP)FYN`K5;"B;252TX`3E:@0$R,G8CSA!*+&+00D:^9
MLO0*I!7]E4PT0V]T%_P&@HQ"F.TU4QKF<N-C0H=FLDK9+2.K2+O"5G;:Y:'M
MS<TJJ,%.2/T.,L)!NE"8PPFG]>G>^8:=EK"<S;^[XYQDU5<A(GQSLZ'H)4DT
MBC$JEDXKJ,H'E+)%K.C4O3&ICEJ,CZET%L)5')%H"S2DYFC-@%.,/0WER$L:
MFY!&W!-2&I739ECU96,ZG^[`]!3%B>+?F,1@L:?(16>X6[)['BK5(9PWD.AW
MIUI7E&;/`D1K1$#\(B*\^*66$&!__]+?Q@,!@,!@,!@,!@?A=#'(IM<365(A
M7O!2%68TH71Q4-#:M<@)S!(4CB[)&M[5-B%2JT`!R@M$K,(+%L82#=AT6(*T
M5W'WE+:K4-SMR`<<(98L?N"D+_:I+![SM"T@3R;TY/8P\(H4Y$O_`!VIK57U
MPDK]L=6=K)3?28:=>[Z<U`#U@%YKM"U8?7:N(<R9N73IS>*2L"R>/TFGD?5P
M$3VM3#04E**AI:#,Z8IW\F>QJK(3S:B6YU6A\F!N*;G=4D)4J#4)*A?**\*/
MS$\3;%%Q8E?"YZA]5/D$MVO;D<)Y9RR7O3H")7)R"M.P++G>H_5KK`PG/T:@
M+]/QND7<Q2!"O5K4111R9IV66LR$UXUYK(T"33>A1(-*%:S2)(F2:5KSQ*ER
MK28D!.E"U4/6AJ59_B>,89O](Q[WO?\`3DJOUX#`AC,HIR9E]Y)5#K5/'9\I
M%E7>C(G)G:_[.33V.1Z2,P6.P99JGT'&W<<<+'<F)P<FAN-#.TI:%L5F!`>#
MSI:6H)]>*)4QZ<<PM/C_`$+QQF+]%FIGXM\:["I6NIPC4O#BHE4V,@$>J>G9
MZ[,*<+0)&QL\(8MKY*VB/\HH>E0DJ(SS1.!8JA->,RZE;/$.P[BO6,\H7E!"
MFJ>58/C?N`U\:^K79F=M55++0D]H^F9&<P;2)1R(5HB*BI^FP1Z(]B2K5.TI
MJX:=LE%:<$J>.=.K:?:[4\]TWH-VC>5C7$GBK,H-4LD,(FZAOWZ'0&F$)@>>
MNQ[8-[=M$@\VT^NR[1`S2?$-,$S5(C"#`BOR88^0DM2L$4JFLZ/LJNW8I?NT
MV*VKTG=-*7Y.2<B$U14CZ(<<KY3/<.>0Z/T]IU'F.UJ?048]&)3E(#"8[HZV
M+P]LBP8URXA+I]`RV[G6TU(.WG5N>Y'Y"`OJ"MH=25T$1U,J;R%S^TF5?`T!
MD5.UYD<H>1G:<"T9'BG"A-=/X^U"^'DG86WC_5:XV.ZJ[CORJM;D8ROJ9S=3
M7V1,4A77.^U3"]-AA`1-\@BS]<0=/:TY0<D5I8^6).6(;L:4T2BNJ5505Z^Q
M5_NR:RT2(4EMBV'&1E$HE1J\AH@\6CT>K:NFA.J/**,)`LB\-+>U24.O))7A
M[7:!L7C"&,3R=NP@P.=6P?:Z>`2`RD6>!OMG;)3%1EOLN6OL(AFS3EB<I<J=
M9'&X'9;ND&A;1G')P%LRL!ZD!91GDRQB,"$-8I0%S@D5`6O*8#4D/F-$S6X=
M&0:`6Y,K3)F4&O*+;,L.6++)F%2TGI3;#_:)29X.(41\I`(@I2#SW1JP(DA/
M#BY/7?!*S*<3\G'N'*X`[3GF;6D_;K4&K=Y(7&X1<$QO#DY<+4_LOG#>%PD=
M=,;?RH<V8\`"FUR5`C#88%,`QQ7J$<)KI_'V8WP(>X?:M;S!B5M);Y3LRJ9N
MK*[=2)W23AHXN0"I8/7LGXS2"-)FX"21QR6/#,\+RDJA6<UD+GHU[ULIU(`4
MH%=5IV2J8#`J_GO'WE5R$CETQ6XZ_P"-,#5V#'D((Y8L-OFU;7<D*ZM)DEG=
M)0@<#=N-U*I8["TDK3A<I$XE/[HO7G[/*`FV2<DTUPM6(I1]B9<0YO.^6<*Y
MO+TD9:[&JQ;4D?AL!#(')<G75I$H%RGAEEIW%\+1(VL$LD:OEL[K676T^TX@
MQ9H"I4(/23D!(*\*/S'\*WT+%*I,UH6EFY(6#;U]V:TVZQV#8T6;*/274;&F
M)2@)'!WZ)2FU"4$-@\94*HVJ\RCT@?V+1YYS?HM&:&45]DYZ:JF)T34=8TK`
MR%">&5/`HG747`L,+.7C8X<QH6%N4.2DHH@*QT5ID(351_B!$>H&,S>O"+>$
M3QXNE8#`A[<3)RED5K1D4,J_CM+JBBBAE?H^XV#?=DPZ3-T]\1<E5S1\K*/<
M:ITQS4J$)5NCF!J%+6L@U>':LXXA6!O4M9,4<IA?#R3L+;Q_JM<;'=5=QWY5
M6MR,97U,YNIK[(F*0KKG?:IA>FPP@(F^019^N(.GM:<H.2*TL?+$G+$-V-*:
M!75_U^XE63*XKR$0NJBOD,BE/-&H>7],&II+*')J])4HY\?9/'HU80]PUF4L
M94D>*0-0+C$!3SI*@==GE:,4$A!N$U_XD+3U1/,9MWD/>$G*0MS[>+I6R!NC
MZ!::X&,4&JJ&;8H\2^J_ZK>=)W%_?'I8H\ST),2E4)2-&GC)&<.43R22P@P.
M"<AB+[7PU(ST%&JWD;J\.>V^8@L.X)G2IB2&G(E05^XA+X32]VN223+5.RB`
MG;;DXDB<9AQ!X%(21`$(I`XR7.BU<,E8XI2D+DW(/B9#>-CU!8I+96\UU4+K
M4KK=2*IW6/O+A"(6YS&%)()=JE,ZEDL["I\[9$)21&`I6I4I(6KH[!&N.DD@
M5U\6'R)"C9U2\>.)MO\`&XS;M(7@J=+#YO(.*2^*.:)F)BJUF6H6QIXZJ2EH
MSG9.<(YP*V`L6@#R45X2]O!*PG4?Y-7[;3N")ZA%FP"CHK%P-K\\+)42XU:K
MM0YW.?V55%&YH;T3B78)/FPD[FM'XR<>A@#H0=X.4)(X08'EIN?-4T0DI];M
M<6>I\4S+QP]JF[\[1B(+I#I./T61)9`PQR7/34S"5>+YP<E;%IX2];\0O>]Z
M\`0#2<?.0<Q1U[*;)@M'0VP*?Y*1#D>TE0BZ)[;`[7DY\*G=36<Y3272*B:,
M^CKF&JY\:BC#>2TN*!(-K0I#%"="46%.35^N2\3;)<:@OMK8104JRN0W+N`<
ME9`WO,DD+=%(^T0&;464ULA;V@BLF<%LA/JN@FL"D):`M%Z<5GA+-VF`$\V$
MUXPZK;S+RID=I18<2JSCG*ZGBIC&_LBZ>W_9<4D398/DEJ5=,GBMV#C+-&6<
>IX,G6^5C[8.5-!)RX&UAYJ=6%O4-<HBB8N$&!__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
