<SEC-DOCUMENT>0001047469-13-008707.txt : 20130827
<SEC-HEADER>0001047469-13-008707.hdr.sgml : 20130827
<ACCEPTANCE-DATETIME>20130827172020
ACCESSION NUMBER:		0001047469-13-008707
CONFORMED SUBMISSION TYPE:	PRE 14A
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20131022
FILED AS OF DATE:		20130827
DATE AS OF CHANGE:		20130827

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REGIS CORP
		CENTRAL INDEX KEY:			0000716643
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PERSONAL SERVICES [7200]
		IRS NUMBER:				410749934
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		PRE 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12725
		FILM NUMBER:		131063643

	BUSINESS ADDRESS:	
		STREET 1:		7201 METRO BLVD
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55439
		BUSINESS PHONE:		9529477777

	MAIL ADDRESS:	
		STREET 1:		7201 METRO BLVD
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55439
</SEC-HEADER>
<DOCUMENT>
<TYPE>PRE 14A
<SEQUENCE>1
<FILENAME>a2216502zpre14a.htm
<DESCRIPTION>PRE 14A
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#13ZCJ12401_1">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>

<P style="font-family:times;"><FONT SIZE=2>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->





<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B> SCHEDULE 14A</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>Proxy
Statement Pursuant to Section 14(a) of<BR>
the Securities Exchange Act of 1934 (Amendment No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) </FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="17pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><FONT SIZE=2> Filed by the Registrant <FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><BR><FONT SIZE=2>Filed by a Party other than the Registrant <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><FONT SIZE=2><BR>
Check the appropriate box:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>Preliminary Proxy Statement</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2><B> Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>Definitive Proxy Statement</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>Definitive Additional Materials</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>Soliciting Material under &sect;240.14a-12<BR></FONT>
</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="17pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="20pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD COLSPAN=5 ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> REGIS CORPORATION</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>


<HR NOSHADE SIZE="1.0pt" WIDTH="100%" COLOR="#000000">

</FONT> <FONT SIZE=2> (Name of Registrant as Specified In Its Charter)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>


<HR NOSHADE SIZE="1.0pt" WIDTH="100%" COLOR="#000000">

</FONT> <FONT SIZE=2> (Name of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:times;"><FONT SIZE=2><BR>
Payment of Filing Fee (Check the appropriate box):</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3 style="font-family:times;"><BR><FONT SIZE=2>No fee required.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3 style="font-family:times;"><BR><FONT SIZE=2>Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and&nbsp;0-11.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(1)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Title of each class of securities to which transaction applies:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(2)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Aggregate number of securities to which transaction applies:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(3)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Proposed maximum aggregate value of transaction:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(5)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Total fee paid:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3 style="font-family:times;"><BR><FONT SIZE=2>Fee paid previously with preliminary materials.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3 style="font-family:times;"><BR><FONT SIZE=2>Check box if any part of the fee is offset as provided by Exchange Act Rule&nbsp;0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>(1)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><BR><FONT SIZE=2>Amount Previously Paid:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(2)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Form, Schedule or Registration Statement No.:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(3)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Filing Party:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Date Filed:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2><B> Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.<BR> </B></FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=833456,FOLIO='blank',FILE='DISK129:[13ZCJ1.13ZCJ12401]BA12401A.;6',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT> <FONT SIZE=2><B>


<!-- COMMAND=ADD_TXTHEX,"PMS185" -->


 </B></FONT><FONT COLOR="#FC1921" SIZE=2><B>PRELIMINARY COPY SUBJECT TO COMPLETION<BR>
DATED AUGUST 27, 2013</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTICE OF ANNUAL MEETING OF SHAREHOLDERS  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> To Be Held October&nbsp;22, 2013  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>TO THE SHAREHOLDERS OF REGIS CORPORATION: </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Annual Meeting of the Shareholders (the "Annual Meeting") of Regis Corporation (referred to as "we," "us," "our," "Regis" and the "Company") will be held at our executive offices
located at 7201 Metro Boulevard, Edina, Minnesota 55439, on October&nbsp;22, 2013 commencing at 9:00&nbsp;a.m., for the following purposes: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>To
elect nine directors to serve for a one-year term and until their successors are elected and qualified;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>To
approve the amendment of the Company's Restated Articles of Incorporation to adopt majority voting for the election of directors;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>3.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>To
approve the amendment of the Company's 2004 Long-Term Incentive Plan (the "Long Term Plan") to extend its term for a period of ten years through
May&nbsp;26, 2024;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>4.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>To
ratify the appointment of PricewaterhouseCoopers&nbsp;LLP as our independent registered public accounting firm;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>5.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>To
approve, on an advisory basis, the compensation of our named executive officers (referred to as the "Say-on-Pay" proposal); and
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>6.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>To
transact such other business, if any, as may properly come before the Annual Meeting or any adjournment or postponement thereof. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Only
holders of record of our Common Stock at the close of business on August&nbsp;26, 2013 are entitled to notice of and to vote at the Annual Meeting or any adjournment or
postponement thereof. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whether
or not you plan to attend the Annual Meeting in person, please submit your proxy by telephone or through the Internet in accordance with the voting instructions provided to you.
If you requested a paper copy of the proxy card by mail, you may also date, sign and mail the proxy card in the postage-paid envelope that is provided with your proxy card. Should you nevertheless
attend the Annual Meeting, you may revoke your proxy and vote in person. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
your shares are held in the name of a bank, broker or other holder of record, you will receive instructions from the record holder that you must follow in order for your shares to be
voted. If you plan to attend the Annual Meeting and hold shares in your name, please be prepared to provide proper identification, such as a driver's license. If you hold your shares through a bank or
broker, you will need proof of ownership, such as a recent account statement or letter from your bank or broker, along with proper identification in order to attend the Annual Meeting. If you hold
your shares through a bank or broker and intend to vote your shares at the Annual Meeting, you will need to provide a legal proxy from your broker. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="50%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="50%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>By Order of the Board of Directors</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Eric A. Bakken<BR></FONT> <FONT SIZE=2><I>Secretary</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>September&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2013</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=2,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=97484,FOLIO='blank',FILE='DISK129:[13ZCJ1.13ZCJ12401]BC12401A.;12',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_ca12401_1_1"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>
<IMG SRC="g204612.jpg" ALT="LOGO" WIDTH="189" HEIGHT="51">
  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><I>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" >


 </I></FONT><FONT SIZE=2>

<!-- COMMAND=ADDING_LINEBREAK -->

<BR></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>PROXY STATEMENT  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><I>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" >


  </I></FONT><FONT SIZE=2><B>

<!-- COMMAND=ADDING_LINEBREAK -->

<BR>  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> <A NAME="ca12401_annual_meeting_of_shareholders,_october_22,_2013"> </A>
<A NAME="toc_ca12401_1"> </A>
<BR>  ANNUAL MEETING OF SHAREHOLDERS, OCTOBER 22, 2013    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Proxy Statement is furnished to shareholders of REGIS CORPORATION, a Minnesota corporation (the "Company"), in connection with the
solicitation on behalf of our Board of Directors (the "Board") of proxies for use at the annual meeting of shareholders to be held on October&nbsp;22, 2013 (the "Annual Meeting"), and at any
adjournment or postponement thereof, for the purposes set forth in the accompanying Notice of Annual Meeting of Shareholders. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
address of our principal executive office is 7201 Metro Boulevard, Edina, Minnesota 55439. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Availability of Proxy Materials  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As permitted by rules adopted by the Securities and Exchange Commission ("SEC"), we are making our proxy materials, which include our
Notice and Proxy Statement and Annual Report on Form&nbsp;10-K, available to our shareholders over the Internet. We believe that this e-proxy process expedites our shareholders' receipt of proxy
materials and lowers the costs and reduces the environmental impact of the Annual Meeting. In accordance with such SEC rules, we will send shareholders of record as of the close of business on
August&nbsp;26, 2013 a Notice of Internet Availability of Proxy Materials (the "Notice"), which mailing will commence on or about September&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2013. The Notice contains
instructions on how shareholders can access our proxy materials and vote their shares over the Internet. If you would like to receive a printed copy of our proxy materials from us instead of
downloading them from the Internet, please follow the instructions for requesting such materials included in the Notice. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Solicitation and Revocation of Proxies  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the use of the mails, proxies may be solicited personally or by mail, telephone, fax, email, Internet or other
electronic means by our directors, officers and regular employees who will not be additionally compensated for any such services. Proxies may also be solicited by means of press releases and other
public statements. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will pay all solicitation expenses in connection with the Notice and this Proxy Statement and any related proxy soliciting material of the Board, including the expense of preparing,
printing, assembling and mailing such material. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proxies
to vote at the Annual Meeting are solicited on behalf of the Board. Any shareholder giving a proxy may revoke it at any time before it is exercised by attending the Annual
Meeting and revoking it or by providing written notice of revocation or by submitting another proxy bearing a later date to our Secretary at the address set forth above. Such proxies, if received in
time for voting and not revoked, will be voted at the Annual Meeting in accordance with the specifications indicated thereon. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> If You Hold Your Shares in "Street Name"  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you hold your shares in "street name," i.e.,&nbsp;through a bank, broker or other holder of record (a "custodian"), your custodian
is required to vote your shares on your behalf in accordance with your instructions. If you do not give instructions to your custodian, your custodian will not be permitted to vote your shares with
respect to "non-discretionary" items, such as the election of directors, the </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>1</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=3,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=825080,FOLIO='1',FILE='DISK129:[13ZCJ1.13ZCJ12401]CA12401A.;7',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_ca12401_1_2"> </A>

<P style="font-family:times;"><FONT SIZE=2>amendment
of the Company's Restated Articles of Incorporation to adopt majority voting for the election of directors, the amendment of the Long Term Plan to extend its term by ten years and the
Say-on-Pay proposal. Accordingly, we urge you to promptly give instructions to your custodian to vote on these matters by following the instructions provided to you by your custodian. Please note that
if you intend to vote your street name shares in person at the Annual Meeting, you must provide a "legal proxy" from your custodian at the Annual Meeting. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>2</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=4,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=405836,FOLIO='2',FILE='DISK129:[13ZCJ1.13ZCJ12401]CA12401A.;7',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_ca12401_1_3"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ca12401_voting_rights_and_requirements"> </A>
<A NAME="toc_ca12401_2"> </A>
<BR></FONT><FONT SIZE=2><B>  VOTING RIGHTS AND REQUIREMENTS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Only shareholders of record as of the close of business on August&nbsp;26, 2013, will be entitled to sign proxies or to vote. On that
date, there were 56,624,837 shares issued, outstanding and entitled to vote. Each share of Common Stock is entitled to one vote. A majority of the outstanding shares present in person or by proxy at
the Annual Meeting is required to transact business, and constitutes a quorum for voting on items at the Annual Meeting. If you vote, your shares will be part of the quorum. Abstentions and broker
non-votes will be counted as being present at the Annual Meeting in determining the quorum, but neither will be counted as a vote in favor of a matter. A "broker non-vote" is a proxy submitted by a
bank, broker or other custodian that does not indicate a vote for some of the proposals because the broker does not have or does not exercise discretionary voting authority on certain types of
proposals and has not received instructions from its client as to how to vote on those proposals. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Vote Required  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;1.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The affirmative vote of a plurality of the shares of Common Stock present in person or by proxy and entitled to vote at
the Annual
Meeting is required for the election to the Board of each of the nominees for director. Shareholders do not have the right to cumulate their votes in the election of directors. "Plurality" means that
the individuals who receive the greatest number of votes cast "For" are elected as directors. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Items&nbsp;2, 3 and 4.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The affirmative vote of the holders of the greater of (1)&nbsp;a majority of the shares of our Common Stock
present in
person or by proxy and entitled to vote on the proposal or (2)&nbsp;a majority of the minimum number of shares entitled to vote that would constitute a quorum for the transaction of business at the
Annual Meeting is required for approval of these proposals. A shareholder who abstains with respect to any of these proposals will have the effect of casting a negative vote on that proposal. A
shareholder who does not vote in person or by proxy on a proposal (including a broker non-vote on a proposal) is not deemed to be present in person or by proxy and is not entitled to vote on the
proposal for the purpose of determining whether a proposal has been approved. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;5.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The advisory vote on executive compensation in Item&nbsp;5 is not binding on us; however, we will consider the shareholders
to have
approved our executive compensation if the number of shares voted "For" the proposal exceed the number of shares voted "Against" the proposal. A shareholder who abstains with respect to this proposal
will have no effect on its outcome. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Routine Versus Non-Routine Matters.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Brokers cannot vote on their customers' behalf on "non-routine" proposals such as Item&nbsp;1, the
election of
directors, Item&nbsp;2, the amendment of the Company's Restated Articles of Incorporation to adopt majority voting for the election of directors, Item&nbsp;3, the amendment of the Long Term Plan
to extend its term by ten years, and Item&nbsp;5, the advisory vote on executive compensation. Because brokers require their customers' direction to vote on such non-routine matters, it is critical
that shareholders provide their brokers with voting instructions. On the other hand, Item&nbsp;4, ratification of the appointment of our independent registered public accounting firm, is a "routine"
matter for which your broker does not need your voting instruction in order to vote your shares. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effect of Broker Non-Votes.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;If you hold your shares in street name and do not provide voting instructions to your bank, broker or other
custodian,
your shares will not be voted on any proposal on which your broker does not have or does not exercise discretionary authority to vote (a "broker non-vote"), such as may be the case with a non-routine
matter for which you do not provide voting instructions. A broker non-vote on any of the proposals presented at the Annual Meeting will have no effect on the outcome of the proposal. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>3</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=5,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=466157,FOLIO='3',FILE='DISK129:[13ZCJ1.13ZCJ12401]CA12401A.;7',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_da12401_1_4"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da12401_item_1_election_of_directors"> </A>
<A NAME="toc_da12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  ITEM 1<BR>  ELECTION OF DIRECTORS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nine directors are to be elected at the Annual Meeting, each to hold office for one year until the 2014 annual meeting of shareholders.
Based upon the recommendation of the Nominating and Corporate Governance Committee, the Board has nominated the nine persons named below for election as directors. Seven of the Board's nominees are
currently directors of Regis and each nominee has consented to serve if elected. Mr.&nbsp;Joseph L. ("Joel") Conner, a current director of Regis, is not standing for re-election at the Annual
Meeting. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
authority to vote is withheld, proxies submitted will be voted for the election of the Board's nominees named herein as directors of Regis. If for any reason a nominee becomes
unable to serve or for good cause will not serve if elected, the Nominating and Corporate Governance Committee may designate substitute nominees, in which event the shares represented by proxies
returned to us will be voted for such substitute nominees. If the Nominating and Corporate Governance Committee designates any substitute nominees, we will file an amended proxy statement that, as
applicable, identifies the substitute nominees, discloses that such nominees have consented to being named in the revised proxy statement and to serve if elected, and includes certain biographical and
other information about such nominees required by SEC rules. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table contains certain information with respect to the director nominees: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:75%;margin-left:12%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="44%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="44%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:52pt;"><FONT SIZE=1><B>Name and Age

<!-- COMMAND=ADD_SCROPPEDRULE,52pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Position </B></FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel G. Beltzman (38)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Director</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>James P. Fogarty (45)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Director</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>David J. Grissen (55)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Director Nominee</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan (56)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>President and Chief Executive Officer, Director</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Mark S. Light (51)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Director Nominee</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Michael J. Merriman (57)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Director</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Jeffrey C. Smith (41)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Director</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Stephen E. Watson (68)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Chairman of the Board</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>David P. Williams (52)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Director</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><B><I> Mr.&nbsp;Daniel G. Beltzman,</I></B></FONT><FONT SIZE=2><I> age 38, Director, Director Since 2012  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Beltzman was elected a director of Regis in August 2012. Mr.&nbsp;Beltzman currently serves as a Managing Member of Birch
Run Capital,&nbsp;LLC ("Birch Run"), a financial investment advisory firm, a position he has held since he co-founded Birch Run in May 2006. Prior to managing investments, Mr.&nbsp;Beltzman worked
at both Deutsche Bank Securities,&nbsp;Inc. and Bank of America Securities,&nbsp;LLC focusing on equity research and mergers and acquisitions. Thereafter, he founded an entrepreneurial venture
that provided services to help European builders more efficiently manage their supply chains. Mr.&nbsp;Beltzman also worked with a boutique investment firm that specializes in joint venture equity
and mezzanine debt for real estate ventures. Mr.&nbsp;Beltzman has spent the last ten years managing assets and during that time he has critically studied the businesses of public companies and has
developed expertise in capital allocation. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Beltzman's
financial experience and expertise contribute valuable insights to the Board. In addition, Mr.&nbsp;Beltzman, as a representative of Birch Run, which advises a
number of private funds that collectively owned approximately 14.99% of the Company's Common Stock on August&nbsp;26, 2013, brings an additional perspective as a significant shareholder of the
Company. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>4</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=6,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=909479,FOLIO='4',FILE='DISK129:[13ZCJ1.13ZCJ12401]DA12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_da12401_1_5"> </A>

<P style="font-family:times;"><FONT SIZE=2><B><I> Mr.&nbsp;James P. Fogarty</I></B></FONT><FONT SIZE=2><I>, age 45, Director, Director Since 2011  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Fogarty was elected a director of Regis in October 2011. Mr.&nbsp;Fogarty is Chief Executive Officer and a Director of
Orchard Brands, a multi-title catalog and internet retailer, a position he has held since November 2011. Prior to that, Mr.&nbsp;Fogarty was a private investor from November 2010 to November 2011.
From April 2009 until November 2010, Mr.&nbsp;Fogarty was President, Chief Executive Officer and Director of Charming Shoppes,&nbsp;Inc., a multi-brand, specialty apparel retailer. Prior to that,
Mr.&nbsp;Fogarty was a Managing Director of Alvarez&nbsp;&amp; Marsal ("A&amp;M"), an
independent global professional services firm, from August 1994 until April 2009. He was also a member of A&amp;M's Executive Committee for North America Restructuring. During his tenure at A&amp;M,
Mr.&nbsp;Fogarty most recently served as President and Chief Operating Officer of Lehman Brothers Holdings (subsequent to its Chapter&nbsp;11 bankruptcy filing) from September 2008 until April
2009. From September 2005 through February 2008, Mr.&nbsp;Fogarty was President and Chief Executive Officer of American Italian Pasta Company, the largest producer of dry pasta in North America. He
served as the Chief Financial Officer of Levi Strauss&nbsp;&amp;&nbsp;Co., a brand-name apparel marketer, from 2003 until 2005. From December 2001 through September 2003, he served as Senior Vice
President and Chief Financial Officer and for a period as a Director of The Warnaco Group, a global apparel maker, which emerged from bankruptcy in early 2003 after completing a successful turnaround
during his tenure. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Fogarty's
operational and turnaround experience allows him to make significant contributions to the Board, particularly during the recent time of transition at the Company. He
has significant executive officer and director experience at a variety of public and private companies, including companies in the specialty retail industry, which provides meaningful industry
expertise to the Board. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Mr.&nbsp;David J. Grissen</I></B></FONT><FONT SIZE=2><I>, age 55, Director Nominee  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Grissen is Group President, The Americas of Marriott International,&nbsp;Inc., a global operator of hotels and related
lodging facilities, a position he has held since 2012. During his 23&nbsp;years of experience with Marriott, he held various positions, including President, The Americas, Executive Vice President of
the Eastern Region, Senior Vice President of the Mid-Atlantic Region and Senior Vice President of Finance and Business Development. He has had responsibility for the financial management and
leadership of all the Americas' lodging operations, comprising more than 3,400 hotels and a work force of 100,000 associates, including responsibility for sales and marketing, revenue management,
human resources, engineering, room operations, food and beverage/retail/spa, information resources and development. Mr.&nbsp;Grissen was a director of Good Times Restaurants&nbsp;Inc. from 2005 to
2010. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board chose to nominate Mr.&nbsp;Grissen as a director because of his experience leading a complex service organization that includes both franchised and owned operations. The
Board believes that his experience building marketing platforms for multiple portfolio brands, and his experience in acquisitions and integration, will help him guide the Company in its turnaround as
it focuses on improving the customer experience through each of its brands and identifies opportunities for growth. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Mr.&nbsp;Daniel J. Hanrahan</I></B></FONT><FONT SIZE=2><I>, age 56, President and Chief Executive Officer, Director, Director Since 2012  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Hanrahan is the President and Chief Executive Officer of the Company, and a member of the Board, which positions he has held
since August 2012. Prior to joining the Company, he served as President of Celebrity Cruises at Royal Caribbean Cruises&nbsp;Ltd., a global cruise vacation company, since February 2005, and as its
President and Chief Executive Officer since September 2007. Mr.&nbsp;Hanrahan served as President and Chief Executive Officer of Azamara Cruises at Royal Caribbean from February 2005 to July 2009.
From 1999 until February 2005, Mr.&nbsp;Hanrahan served in a variety of positions with the Royal Caribbean International brand, including Senior Vice President, Sales and Marketing. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>5</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=7,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=526560,FOLIO='5',FILE='DISK129:[13ZCJ1.13ZCJ12401]DA12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_da12401_1_6"> </A>

<P style="font-family:times;"><FONT SIZE=2>Mr.&nbsp;Hanrahan
has served on the Board of Directors of Cedar Fair,&nbsp;L.P., an amusement-resort operator, since 2012, and is a member of its Audit Committee. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board believes that Mr.&nbsp;Hanrahan should continue to serve as a director because as Chief Executive Officer of the Company, he shares responsibility with the Board for guiding
the direction of the Company, and he has a deep understanding of the Company's operations, strategy, results of operations and financial condition, as well as issues affecting the Company's industry.
Mr.&nbsp;Hanrahan's prior operational background and his extensive experience across a wide spectrum of consumer-facing brands enable him to provide important insights to the Board related to the
Company's strategy to improve the salon experience. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Mr.&nbsp;Mark S. Light</I></B></FONT><FONT SIZE=2><I>, age 51, Director Nominee  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Light is President and Chief Executive Officer of Sterling Jewelers, a specialty jewelry retailer in the United States, the
United Kingdom, the Republic of Ireland and the Channel Islands that retails jewelry, watches and associated services, and which is owned by parent company Signet Jewelers Limited. Mr.&nbsp;Light
started as a sales associate at Sterling 35&nbsp;years ago, and has progressed through various management positions to his current position, holding many titles along the way, including Division
President, Executive Vice President of Operations and President and Chief Operating Officer. Sterling operates a network of approximately 1,300 stores in all 50 states and trades nationally in malls
and off-mall locations, and operates stores outside the U.S. in high street locations and shopping malls. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board chose to nominate Mr.&nbsp;Light because of his demonstrated leadership success, evident from the sales growth and financial performance of Sterling. The Board believes that
Mr.&nbsp;Light's experience with a company having a business model similar to the Company's, which is focused on customer loyalty and a high performing field sales group, will assist the Board in
its efforts to improve the salon experience and the Company's operational performance. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Mr.&nbsp;Michael J. Merriman</I></B></FONT><FONT SIZE=2><I>, age 57, Director, Director Since 2011  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Merriman was elected a director of Regis in October 2011. Mr.&nbsp;Merriman has been an operating advisor with Resilience
Capital Partners,&nbsp;LLC, a private equity firm, since July&nbsp;1, 2008. From November 2006 until its sale in November 2007, Mr.&nbsp;Merriman served as Chief Executive Officer of The
Lamson&nbsp;&amp; Sessions&nbsp;Co., a publicly held manufacturer of thermoplastic conduit, fittings and electrical switch and outlet boxes. Prior to joining Lamson&nbsp;&amp; Sessions,
Mr.&nbsp;Merriman served as the Senior Vice President and Chief Financial Officer of American Greetings Corporation, a publicly held creator and manufacturer of innovative social expression
products, from September 2005 until November 2006. He served as the President and Chief Executive Officer of Royal Appliance Mfg.&nbsp;Co., a publicly held manufacturer and marketer of Dirt Devil
vacuum cleaners, from 1995 until April 2004, was its Chief Financial Officer from 1992 to 1995 and served on the board of directors from 1993 to 2004. Mr.&nbsp;Merriman has served as a director of
American Greetings Corporation since 2006, Nordson Corporation, a publicly held manufacturer of equipment used for precision dispensing, testing and inspection, surface preparation and curing, since
2008, and OMNOVA Solutions&nbsp;Inc., a publicly held innovator of emulsion polymers, specialty chemicals and decorative and functional surfaces, since 2008. Mr.&nbsp;Merriman also served as a
director of RC2 Corporation, a publicly held manufacturer of pre-school toys and infant products, from 2004 until its sale in April 2011. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Merriman
brings to the Board his financial acumen, his significant public accounting experience, his experience as a chief executive officer of other publicly traded
companies, his service on boards of directors of other publicly traded companies and his retail experience. Mr.&nbsp;Merriman has significant finance, financial reporting and accounting expertise
and was formerly a certified public accountant with Arthur Andersen&nbsp;&amp;&nbsp;Co., which provides the Board with valuable expertise and qualifies him as an audit committee financial expert. In
addition, the Board believes that his wide range </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>6</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=8,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=916862,FOLIO='6',FILE='DISK129:[13ZCJ1.13ZCJ12401]DA12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_da12401_1_7"> </A>

<P style="font-family:times;"><FONT SIZE=2>of
management experience at various public companies allows him to provide valuable insight into the Company's operations as well as its interactions with investors and financial analysts. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I> Mr.&nbsp;Jeffrey C. Smith</I></B></FONT><FONT SIZE=2><I>, age 41, Director, Director Since 2011  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Smith was elected a director of Regis in October 2011. Mr.&nbsp;Smith has served as Managing Member, Chief Executive
Officer and Chief Investment Officer of Starboard Value&nbsp;LP, an investment adviser, since its inception in March 2011. Prior to founding Starboard Value&nbsp;LP, Mr.&nbsp;Smith was a Partner
Managing Director of Ramius&nbsp;LLC ("Ramius"), a subsidiary of Cowen Group,&nbsp;Inc., and the Chief Investment Officer of Ramius Value and Opportunity Master Fund&nbsp;Ltd. Mr.&nbsp;Smith
was also a member of Cowen's Operating Committee and Cowen's Investment Committee. Prior to joining Ramius in January 1998, he served as Vice President of Strategic Development for The Fresh Juice
Company,&nbsp;Inc. until its sale to The Saratoga Beverage Group. In his capacity as a board member of Regis, Mr.&nbsp;Smith also serves as a member of the Board of Directors of Empire Education
Group, a private company that is one of the largest providers of beauty and cosmetology education in North America. Mr.&nbsp;Smith also serves on the Board of Directors of Quantum Corporation, a
global expert in data protection and big data management, since May 2013. Mr.&nbsp;Smith also joined the Board of Directors of Office Depot,&nbsp;Inc., a provider of office supplies and related
services, in August 2013. Mr.&nbsp;Smith previously served as a member of the Board of Directors of Surmodics,&nbsp;Inc., a leading provider of drug delivery and surface modification technologies
to the healthcare industry, from January 2011 to August 2012, and as a member of the Board of Directors of Zoran Corporation, a leading provider of digital solutions in the digital entertainment and
digital imaging market, from March 2011 until its merger with CSR&nbsp;plc in August 2011. Mr.&nbsp;Smith was the Chairman of the Board of Directors of Phoenix Technologies&nbsp;Ltd., a provider
of core systems software products, services and embedded technologies, from November 2009 until the sale of the company to Marlin Equity Partners in November 2010. He also served as a director of
Actel Corporation, a provider of power management solutions, from March 2009 until its sale to Microsemi Corporation in October 2010. Mr.&nbsp;Smith is a former member of the Board of Directors of
S1 Corporation, a provider of customer interaction software for financial and payment services, where he served from May 2006 to September 2008. Mr.&nbsp;Smith also served on the Board of Directors
of Kensey Nash Corp., a leading medical technology company from December 2007 to February 2009. Mr.&nbsp;Smith was also on the Board of Directors of The Fresh Juice Company from 1996 until its sale
in 1998. Mr.&nbsp;Smith began his career in the Mergers and Acquisitions department at Soci&eacute;t&eacute; G&eacute;n&eacute;rale. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Smith's
experience with various investment firms has given him significant experience evaluating companies from a financial, operational and strategic perspective, with a
focus on identifying opportunities for value creation. These perspectives are particularly important to the Board during the Company's implementation of various initiatives to focus on the Company's
core business and evaluate additional opportunities to create value for the Company's shareholders. As a representative of Starboard Value, which beneficially owned approximately 7.0% of the Company's
Common Stock on August&nbsp;26, 2013, he also brings the perspective of a shareholder of the Company. His prior experience in various management roles also enables Mr.&nbsp;Smith to provide the
Board with valuable financial and executive insights. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Mr.&nbsp;Stephen E. Watson</I></B></FONT><FONT SIZE=2><I>, age 68, Director, Director Since 2008  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Watson was elected a director of Regis in April 2008, and became the Chairman of the Board on January&nbsp;29, 2013.
Mr.&nbsp;Watson brings to the Board nearly 40&nbsp;years of executive and director experience in the retail industry. From 1973 through 1996, Mr.&nbsp;Watson held various executive officer
positions with Dayton Hudson Corporation, including Chairman and Chief Executive Officer of Dayton Hudson Department Stores&nbsp;Co. and President of Dayton Hudson Corporation. From 1972 to 1996,
Mr.&nbsp;Watson held various executive officer positions, including President and Chief Executive Officer of </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>7</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=9,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=544399,FOLIO='7',FILE='DISK129:[13ZCJ1.13ZCJ12401]DA12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_da12401_1_8"> </A>

<P style="font-family:times;"><FONT SIZE=2>the
Department Store Division. From 1997 until his retirement in 2002, Mr.&nbsp;Watson was President and Chief Executive Officer of Gander Mountain Company, a privately held retailer for outdoor
sports and recreation activities. In addition to serving as a director of Regis, Mr.&nbsp;Watson is currently also a director of Kohl's Corporation, a specialty, family-focused, value-oriented
department store, where he serves as Lead Director and Chairman of the Audit Committee, and of Chico's FAS,&nbsp;Inc., a women's specialty retailer of privately branded, sophisticated clothing and
accessories where he serves on the Audit and the Compensation and Benefits Committees. From 1997 through December 2005, Mr.&nbsp;Watson was a director of ShopKo Stores,&nbsp;Inc., an operator of
general merchandise stores. From 2004 through May 2007, Mr.&nbsp;Watson was a director of Smart&nbsp;&amp; Final,&nbsp;Inc., an operator of grocery stores. He also served on the boards of Norwest
Bank from 1990 to 1996, Target Corporation from 1991 to 1996, Retek&nbsp;Inc. from November 1999 to 2004 and Eddie Bauer Holdings,&nbsp;Inc. from 2005 to 2009. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Watson's
experience as the leading senior executive officer of several complex and specialty retail businesses, his experience as a director of other retail-oriented public
companies and his broad-based knowledge in the areas of retail operations, corporate finance, accounting, marketing and merchandise procurement, bring significant value to our Board. He also
contributes a wealth of knowledge and experience of serving on the boards of several public retail companies where he has also served as an audit and governance committee chair. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Mr.&nbsp;David P. Williams</I></B></FONT><FONT SIZE=2><I>, age 52, Director, Director Since 2011  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Williams was elected a director of Regis in October 2011. Mr.&nbsp;Williams currently serves as the Executive Vice
President and Chief Financial Officer of Chemed Corporation, a provider, through its subsidiaries, of hospice care, and repair and maintenance services. Mr.&nbsp;Williams
has served as Chemed's Chief Financial Officer since February 2004. From 1998 until 2004, Mr.&nbsp;Williams was the Senior Vice President and Chief Financial Officer of the Roto-Rooter Group, a
leading provider of commercial and residential plumbing and drain cleaning services. Prior to that, Mr.&nbsp;Williams was the Chief Financial Officer of Chemed's Omnia Group subsidiary, a
manufacturer of disposable healthcare products, and prior to that was Senior Vice President and Chief Financial Officer of Omnicare's Veratex Group, a national distributor of disposable medical,
dental and pharmaceutical products. Prior to joining Chemed, Mr.&nbsp;Williams was with Price Waterhouse in their Comprehensive Professional Services Group. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Williams'
depth of experience in various senior executive roles of public and private companies and his significant accounting and financial expertise enable him to provide
meaningful contributions to the oversight of financial and accounting matters at the Company, and qualifies him as an audit committee financial expert. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da12401_the_board_unanimously_recommen__the03893"> </A>
<A NAME="toc_da12401_2"> </A>
<BR></FONT><FONT SIZE=2><B>  The Board unanimously recommends that you vote FOR the election of each of the director nominees.    <BR>    </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da12401_corporate_governance"> </A>
<A NAME="toc_da12401_3"> </A>
<BR></FONT><FONT SIZE=2><B>  CORPORATE GOVERNANCE    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board believes that good corporate governance is paramount to ensure that we are managed for the long-term benefit of our
shareholders. As part of our ongoing efforts to constantly improve corporate governance, the Board and management have undertaken a number of initiatives to improve </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>8</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=10,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=858075,FOLIO='8',FILE='DISK129:[13ZCJ1.13ZCJ12401]DA12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_da12401_1_9"> </A>

<P style="font-family:times;"><FONT SIZE=2>our
corporate governance policies and practices. Below is a summary of the key corporate governance initiatives undertaken by the Board during fiscal 2013: </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
<!-- BOXING PARAGRAPH(S) -->
 </FONT></P>
<DIV style="width:100%;border:solid #000000 1pt;margin-right:1pt;padding-top:12pt;padding-right:14pt;padding-bottom:13pt;padding-left:15pt;">

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da12401_corporate_governance_initiatives_in_fiscal_2013_1"> </A>
<A NAME="toc_da12401_4"> </A></FONT> <FONT SIZE=2><B>  Corporate Governance Initiatives in Fiscal 2013    <BR>    </B></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><B>Refreshed Board and Added Shareholder Insight</B></FONT><FONT SIZE=2>&#151;Six of our eight
current directors joined the Board at or after the 2011 annual meeting of shareholders. All of them are independent, other than our President and Chief Executive Officer, and four of them were
identified as candidates by, or in coordination with, our shareholders. We are also nominating two new directors for election at the Annual Meeting, each with relevant leadership and operational
experience at companies with business models similar to ours. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><B>Additions to Management Team</B></FONT><FONT SIZE=2>&#151;The Board completed a robust CEO
search process, which resulted in the appointment of Daniel Hanrahan as our President and Chief Executive Officer effective August&nbsp;6, 2012. Since that time, we also hired a new CFO and we added
key talent to our management team in the areas of real estate, franchising, marketing and information management. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><B>Proposal to Adopt Majority Voting for the Election of
Directors</B></FONT><FONT SIZE=2>&#151;The Board has approved and recommended to shareholders the approval of an amendment to the Company's Restated Articles of Incorporation to adopt majority
voting for the election of directors, as described in Item&nbsp;2 in this Proxy Statement. The Board also approved, effective upon shareholder approval of the amendment to the Restated Articles, an
amendment to the Company's Corporate Governance Guidelines requiring incumbent directors who do not receive a majority vote to tender their resignation to the Board. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><B>Adoption of Related Party Transactions Policy</B></FONT><FONT SIZE=2>&#151;The Board
recently adopted a Related Party Transaction Approval Policy requiring approval of all related party transactions where the amount involved exceeds $10,000 for the fiscal year. In addition, for the
first time in many years, we have no related party transactions to disclose. See "Certain Relationships and Related Transactions" below for more information. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><B>Overhaul of Executive Compensation</B></FONT><FONT SIZE=2>&#151;In 2012, our Compensation
Committee retained a new executive compensation consultant and restructured our executive compensation programs. The compensation information included in this Proxy Statement reflects the first year
we have operated our new compensation programs. The key changes to our executive compensation program are described below in more detail under "Compensation Discussion and Analysis" (the "CD&amp;A") and
include: </FONT> <FONT SIZE=2>
<BR><BR></FONT>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Freezing of supplemental retirement benefit program as of June&nbsp;30, 2012;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Elimination of tax gross-ups on supplemental life insurance and other perquisites;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Reduction in the amount of severance provided in the event of termination following a change in control; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Elimination of excise tax gross-ups for "excess parachute" payments;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Introduction of performance-based long-term equity incentives;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Implementation of a "clawback" provision in our cash incentive awards that will take effect beginning with the fiscal 2014
awards; and  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Updating of our stock ownership guidelines to require meaningful stock ownership commensurate with our executives'
positions and the amount of equity included in their compensation arrangements. </FONT></DD></DL>
</DD></DL>
</UL>
 <p style="font-family:times;margin-bottom:-11pt;"></p>
</DIV>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>9</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=11,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=185442,FOLIO='9',FILE='DISK129:[13ZCJ1.13ZCJ12401]DA12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_da12401_1_10"> </A>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders
and other interested persons may view our Corporate Governance Guidelines on our website at </FONT><FONT SIZE=2><I>www.regiscorp.com</I></FONT><FONT SIZE=2>. This
information is also available in printed form free of charge to any shareholder who requests it by writing to our Corporate Secretary at Regis Corporation, 7201 Metro Boulevard, Edina, Minnesota
55439. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Code of Business Conduct and Ethics  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board has adopted a Code of Business Conduct and Ethics (the "Code of Ethics") that applies to all of our employees, directors and
officers, including our President and Chief Executive Officer, Chief Financial Officer, principal accounting officer or controller and other senior financial officers. The Code of Ethics, as applied
to our principal financial officers, constitutes our "code of ethics" within the meaning of Section&nbsp;406 of the Sarbanes-Oxley Act and is our "code of business conduct and ethics" within the
meaning of the listing standards of the New York Stock Exchange ("NYSE"). The Code of Ethics is posted on our website at </FONT><FONT SIZE=2><I>www.regiscorp.com</I></FONT><FONT SIZE=2>. You may
request copies, which will be provided free of charge, by writing to Corporate Secretary, Regis
Corporation, 7201&nbsp;Metro Boulevard, Edina, Minnesota 55439. We intend to promptly disclose future amendments to certain provisions of our Code of Ethics, and any waivers of provisions of the
Code of Ethics that are required to be disclosed under the rules of the SEC or under the listing standards of the NYSE, at the same location on our website. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Director Orientation and Continuing Education  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Nominating and Corporate Governance Committee and the Board oversee the orientation and continuing education of our directors. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Director Independence  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With the adoption of our Corporate Governance Guidelines, the Board established independence standards in accordance with the
requirements of the NYSE corporate governance rules. To be considered independent under the NYSE rules, the Board must affirmatively determine that a director or director nominee does not have a
material relationship with us (directly, or as a partner, shareholder or officer of an organization that has a relationship with us). In addition, no director or director nominee may be deemed
independent if the director or director nominee has in the past three years:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Received (or whose immediate family member has received) more than $120,000 per year in direct compensation from us, other
than director or committee fees; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Been an employee of ours; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Had an immediate family member who was an executive officer of ours; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Been (or whose immediate family member has been) an affiliate or employee of a present or former internal or independent
auditor of Regis; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Been (or whose immediate family member has been) employed as an executive officer of another company whose compensation
committee within the past three years has included a present executive officer of Regis; or </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Is currently an employee or executive officer (or has an immediate family member who is an executive officer) of another
company that makes payments to us, or receives payments from us, for property or services in an amount which, in any single fiscal year, exceeds the greater of $1.0&nbsp;million or 2% of such other
company's consolidated gross revenues. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
our director independence standards described above, the Board has determined that each director and director nominee, with the exception of Mr.&nbsp;Hanrahan, our President and
Chief Executive Officer, is independent. Accordingly, a supermajority of the Board is independent. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>10</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=12,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=485782,FOLIO='10',FILE='DISK129:[13ZCJ1.13ZCJ12401]DA12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_da12401_1_11"> </A>

<P style="font-family:times;"><FONT SIZE=2><B> Communications with the Board  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders and other interested parties who wish to contact the Board, any individual director or the non-management or independent
directors as a group, are welcome to do so by writing to our Corporate Secretary at the following address: Regis Corporation, 7201 Metro Boulevard, Edina, Minnesota 55439. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comments
or questions regarding our accounting, internal controls or auditing matters will be referred to members of the Audit Committee. Comments or questions regarding the nomination
of directors and other corporate governance matters will be referred to members of the Nominating and Corporate Governance Committee. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Executive Sessions of Non-Management and Independent Directors  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In order to promote open discussion among non-management directors, the Board has implemented a policy of conducting executive sessions
of non-management directors in connection with each regularly scheduled Board meeting. Shareholders may communicate with the non-management directors as a group by following the procedures described
above under "Communications with the Board." </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
independent Chairman of the Board presides over executive sessions of the independent and non-management directors. Shareholders may communicate with the presiding director or the
independent and non-management directors as a group by following the procedures described above under "Communications with the Board." </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Committees of the Board  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board has three committees: the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
charters of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee may be viewed on our website at </FONT> <FONT SIZE=2><I>www.regiscorp.com</I></FONT><FONT SIZE=2> under "Corporate Governance" on the "Investor
Information" page. The charters are also available in printed form free of charge to any
shareholder who requests them by writing to our Secretary at 7201 Metro Boulevard, Edina, Minnesota 55439. The charters include information regarding the committees' composition, purpose and
responsibilities. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board has determined that all members of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee qualify as independent directors as defined
under the NYSE corporate governance rules. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board committees have responsibilities as follows: </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Audit Committee  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee assists the Board in discharging its oversight responsibility to the shareholders and investment community
regarding: (i)&nbsp;the integrity of our financial statements and financial reporting processes; (ii)&nbsp;our internal accounting systems and financial and operational controls; (iii)&nbsp;our
audit, accounting and financial reporting processes; (iv)&nbsp;the engagement, qualifications and independence of the independent auditor; (v)&nbsp;the performance of our internal audit
activities; and (vi)&nbsp;compliance with our ethics programs, including the Code of Ethics, our whistle-blower policy and legal and regulatory requirements. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
carrying out these duties, the Audit Committee maintains free and open communication between the Board, the independent auditor and our management. The Audit Committee meets with
management and the independent auditor at least quarterly. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>11</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=13,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=740393,FOLIO='11',FILE='DISK129:[13ZCJ1.13ZCJ12401]DA12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_da12401_1_12"> </A>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, the Audit Committee conducts quarterly meetings or conference calls with management and the independent auditor prior to our earnings releases to discuss the results of the
independent auditor's quarterly reviews and fiscal year-end audit. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board has determined that all members of the Audit Committee meet the NYSE definitions of independence and financial literacy for Audit Committee members. In addition, the Board has
determined that Michael Merriman and David Williams, each of whom is an independent director, are audit committee financial experts for purposes of the SEC rules and possess accounting or related
financial management expertise required by the NYSE. Members serving on the Audit Committee do not currently serve on the audit committees of more than three public companies. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Compensation Committee  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The primary responsibilities of the Compensation Committee are (i)&nbsp;to determine and approve, or make recommendations to the
Board with respect to, the compensation and benefits packages of the executive officers; and (ii)&nbsp;to consider and recommend incentive compensation and equity-based plans. Additional information
about the responsibilities of the Compensation
Committee is provided below under "Executive Compensation&#151;Compensation Discussion and Analysis." </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Nominating and Corporate Governance Committee  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Nominating and Corporate Governance Committee discharges the Board's responsibilities related to general corporate governance,
including Board organization and membership and evaluation. In addition, the Nominating and Corporate Governance Committee assists the Board in the development of and compliance with the Company's
Corporate Governance Guidelines. It also reviews and resolves any director conflicts of interest and presents qualified individuals for election to the Board. Finally, this committee oversees the
evaluation of the performance of the Board and each standing committee of the Board. For further information regarding our director nomination process, see "Director Nomination Process" below. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Board's Role in Risk Oversight  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;One of the key responsibilities of the Board is to develop a strategic direction for the Company and provide management oversight for
the execution of that strategy. The Board regularly reviews information regarding our financial, strategic and operational issues, as well as the risks associated with each. Consequently, the Board
has determined that the Board as a whole, and not a separate committee, will oversee our risk management process. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;While
the Board oversees the enterprise-wide risk management system, each of the Board committees has historically focused on specific risks within their areas of responsibility and will
continue to do so. Each committee's specific area of responsibility is as follows:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The Audit Committee oversees the management of financial risks, reporting on such matters to the full Board. The Audit
Committee's agendas include discussions of individual risk areas throughout the year, and the Audit Committee monitors management's responsibility to identify, assess and manage risks. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The Compensation Committee is responsible for overseeing our executive compensation programs, and reviewing risks relating
to our overall compensation plans and arrangements. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The Nominating and Corporate Governance Committee manages risks associated with potential conflicts of interest, and
reviews governance and compliance issues with a view to managing associated risks, including oversight of our compliance program with respect to the Code of Ethics. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>12</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=14,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=117936,FOLIO='12',FILE='DISK129:[13ZCJ1.13ZCJ12401]DA12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_da12401_1_13"> </A>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;While
each committee is responsible for regularly reviewing, evaluating and overseeing the management of such risks, the Board is regularly informed through committee reports about such
risks. In addition, the Board and the committees receive regular reports from our Chief Financial Officer, General Counsel, Executive and Senior Vice Presidents and other Company officers and
personnel with roles in managing risks. However, our General Counsel and head of internal audit are the primary personnel responsible to the Board in the planning, assessment and reporting of our risk
profile. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Board Leadership  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In fiscal 2012, our board leadership structure changed such that the positions of Chief Executive Officer and Chairman of the Board
were held by different persons. Daniel Hanrahan is currently the Chief Executive Officer of the Company and Stephen Watson is currently the independent Chairman of the Board. The Board believes that
having an independent Chairman is an appropriate governance practice to ensure independent Board leadership and is an appropriate leadership structure for our company at this time. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Board Meetings and Attendance  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board held six meetings during the fiscal year ended June&nbsp;30, 2013. Each of the then-serving directors attended, in person
or by teleconference, at least 75% of the meetings of both the Board and Board committees on which he or she served. Our Board does not have a formal policy relating to Board member attendance at
annual meetings of shareholders; however, our directors are encouraged to attend the meeting each year. All of the current directors who were then-serving, or standing as a nominee for election as a
director, attended the 2012 annual meeting of shareholders. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table shows the number of meetings held in fiscal 2013 and the names of the directors currently serving on each committee: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="63pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="131pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:38pt;"><FONT SIZE=1><B>Committee

<!-- COMMAND=ADD_SCROPPEDRULE,38pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Meetings<BR>
During<BR>
Fiscal 2013 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Members </B></FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Audit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>David Williams*<BR>
James Fogarty<BR>
Michael Merriman<BR>
Jeffrey Smith</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Compensation</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2><BR>
5</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p align=left style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>James Fogarty*<BR>
Daniel Beltzman<BR>
Joel Conner<BR>
Stephen Watson<BR>
David Williams</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Nominating and Corporate Governance</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2><BR>
4</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p align=left style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Michael Merriman*<BR>
Daniel Beltzman<BR>
Joel Conner<BR>
Jeffrey Smith<BR>
Stephen Watson<BR></FONT>
</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Committee
Chair </FONT></DD></DL>

<P style="font-family:times;"><FONT SIZE=2><B> Director Nomination Process  </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Nominating and Corporate Governance Committee is responsible for screening and recommending director candidates to the full Board
for nomination. The Nominating and Corporate </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>13</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=10,SEQ=15,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=988130,FOLIO='13',FILE='DISK129:[13ZCJ1.13ZCJ12401]DA12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_da12401_1_14"> </A>

<P style="font-family:times;"><FONT SIZE=2>Governance
Committee will consider nominations received from our shareholders, provided that proposed candidates meet the requisite director qualification standards discussed below. When appropriate,
the Committee will also engage an independent third-party search firm. The Committee will then evaluate the resumes of any qualified candidates recommended by shareholders and search firms, as well as
by members of the Board. Generally, in order to be considered for nomination, a candidate must have:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>High professional and personal ethics and values; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>A strong record of significant leadership and meaningful accomplishments in his or her field; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Broad experience; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The ability to think strategically; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Sufficient time to carry out the duties of Board membership; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>A commitment to enhancing shareholder value and representing the interests of all shareholders. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Candidates
are evaluated based on these qualification standards and the current needs of the Board, with due consideration of the requirement of our Corporate Governance Guidelines and
NYSE and SEC regulations that at least a majority of the board consist of independent directors. In addition, when considering nominees to the Board and in evaluating the composition of the Board as a
whole, the Nominating and Corporate Governance Committee considers the value of diversity. Although we do not have a specific policy on diversity, the Nominating and Corporate Governance Committee
considers diversity of gender, race, national origin and executive or professional experience, including skills such as an understanding of the retail industry, the hair-care market, finance,
accounting, marketing, technology and international experience, when considering nominees. The Company believes that the principal qualification of a prospective director is the ability to act
effectively on behalf of all shareholders. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
shareholder nominations must be accompanied by a candidate resume which addresses the extent to which the nominee meets the director qualification standards. Nominations will be
considered only if we are currently seeking to fill an open director position. All nominations by shareholders should be sent to the Chairperson of the Nominating and Corporate Governance Committee,
c/o the Corporate Secretary, Regis Corporation, 7201 Metro Boulevard, Edina, Minnesota 55439. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the Annual Meeting, shareholders are being asked to elect two new directors to the Board. Both of these directors were identified as candidates by a third-party search firm retained
by the Nominating and Corporate Governance Committee to assist the Board in identifying qualified candidates to join the Board. The Company paid the search firm for its services identifying and
evaluating possible director candidates. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>14</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=11,SEQ=16,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=674344,FOLIO='14',FILE='DISK129:[13ZCJ1.13ZCJ12401]DA12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dc12401_1_15"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dc12401_executive_compensation__dc102499"> </A>
<A NAME="toc_dc12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  EXECUTIVE COMPENSATION<BR>  <BR>    Compensation Discussion and Analysis    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Compensation Discussion and Analysis ("CD&amp;A") describes the basic objectives, principles, decisions and rationale underlying our
compensation policies and decisions as well as the material elements of the compensation of our executive officers identified in the Summary Compensation Table on page&nbsp;29 (the "Named Executive
Officers" or "NEOs"). The CD&amp;A should be read in conjunction with the compensation tables beginning on page&nbsp;29. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Executive Summary  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiscal year 2013 was the initial year of a business turnaround for the organization. After the start of the fiscal year, we hired a new
Chief Executive Officer, followed by a new Chief Financial Officer. The incentive plan targets for both the annual and performance unit award element of the long-term incentive plan were established
shortly following and prior to the arrival of the new CEO and CFO, respectively. As a result, the performance target-setting process did not fully benefit from the input of the new leadership team. As
we continued our turnaround, several strategic decisions were made that reduced short-term performance measures, but, we believe, set the stage for long-term strategic success. In particular,
decisions were made to not reduce stylist hours in order to save on cost, which could potentially harm the customer experience. We also restructured the field force in order to provide the best
experience and value for our guests. While much of our focus was on stabilizing our service business, we also started to implement an initiative to standardize plan-o-grams and eliminate products to
enhance the store appearance, decrease cost of product as a percentage of product revenue and reduce inventory management time. Implementing the product
resets concurrent with the field reorganization and rollout of our new technological system for handling guest relations may have exacerbated the impacts of our turnaround initiatives. Had these
decisions been incorporated into the budget-setting process, the performance targets and ranges may have been revised. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
initiatives we have implemented to turnaround the business are significant and it takes time for the benefits to materialize. Similarly, by implementing many transitions
simultaneously in an effort to make needed changes as soon as possible, our execution of some of these initiatives was less than optimal. The combination of these factors led to actual performance
that was below the performance expectations that were established. The Committee fully believes that the strategic decisions were in the long-term interest of shareholders and they were fully
supported by the Board. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
noted, our business turnaround has been aligned with our retention of a new Chief Executive Officer. The compensation opportunity provided to our new Chief Executive Officer was
designed to recruit him and reflects several important items: performance-based compensation consistent with the other NEOs, additional performance-based compensation aligned with long-term stock
price increases and shareholder value, and time-based awards and a cash bonus target guarantee to offset the value forfeited from his previous employer. We believe that the elements and the amounts of
compensation for our new Chief Executive Officer, as described below, are competitive, provide considerable performance orientation and encourage retention as the execution of the turnaround unfolds. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition to these factors affecting 2013 performance and payouts of incentive compensation, our compensation programs for fiscal 2013 also reflected the adoption of a new compensation
philosophy and many new compensation practices, including:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Introduce additional performance-based long-term incentives (denominated in equity with specific performance metrics that
align with our business strategy and operational and financial improvement) as a significant (40%) portion of our long-term incentive awards, coupled with stock-settled stock appreciation rights
constituting an additional 40% of our long-term incentive awards; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>15</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=17,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=277622,FOLIO='15',FILE='DISK129:[13ZCJ1.13ZCJ12401]DC12401A.;12',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dc12401_1_16"> </A>
<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Freeze our supplemental retirement benefit program as of June&nbsp;30, 2012; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Eliminate all tax gross-ups on supplemental life insurance and other perquisites; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Eliminate excise tax gross-ups for "excess parachute" payments; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Reduce the amount of severance provided following a change of control (from three times base plus bonus to two times base
plus bonus); </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Change the definition of bonus in a change-in-control from the highest bonus in the last three years to the target bonus
for the year of termination, while retaining the "double trigger" structure of those benefits to align pay with service; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Eliminate the potential for additional equity awards that, upon a change-in-control and termination, offset the income
taxes arising from termination payments; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Include a "clawback" provision in our cash incentive awards that permits us to recover certain cash incentive payments
from executive officers whose misconduct or negligence resulted in a significant financial restatement. This policy will be in effect beginning with the fiscal 2014 cash incentive awards. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
remainder of this CD&amp;A is organized into the following sections to thoroughly explain our executive compensation program: </FONT></P>

<UL>
<UL>

<P style="font-family:times;"><FONT SIZE=2><B><U>Section&nbsp;1</U>: How we design executive pay.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Outlines our compensation philosophy, development and uses of
the peer group and the roles of the Compensation Committee, compensation consultant and executive officers in the setting of the program. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><U>Section&nbsp;2</U>: Elements of the executive compensation program.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Details each element in our program,
including an explanation of the incentive compensation programs and recent changes. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><U>Section&nbsp;3</U>: Additional compensation and governance related items.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Discusses the policies that support
our compensation philosophy, including stock ownership guidelines and post-employment compensation policies, among other topics. </FONT></P>

</UL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following
this CD&amp;A are compensation tables providing detailed executive compensation information, including the Summary Compensation Table with compensation information for the past
three fiscal years. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> <U>Section&nbsp;1</U>: How We Design Executive Pay  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Compensation Committee, the Board and executive leadership are committed to considering the perspectives of our shareholders on all
aspects of our business, including executive compensation. Due to such commitment, the Compensation Committee commenced a thorough review of our executive compensation programs in fiscal year 2012 in
response to the Say-on-Pay vote at our 2011 annual meeting. The resulting changes to the executive compensation program took effect for fiscal 2013. To assist them in this review, the Committee hired
Towers Watson&nbsp;&amp;&nbsp;Co. ("Towers Watson") to advise and report directly to the Committee. We believe that the changes in our executive compensation programs demonstrate our commitment to
incorporating shareholder feedback, updating our executive compensation programs to ensure that they meet our evolving business strategy, and directly aligning pay with performance as well as the
market. We also believe that the structural changes made in our compensation programs and policies were responsive to expressed shareholder concerns, and we believe the vote on the Say-on-Pay proposal
at our 2012 annual meeting, where the proposal was approved by 97% of the votes cast on the proposal, reflects this responsiveness. Our Compensation Committee and Board viewed this vote as an
endorsement of the new direction of our executive compensation programs and policies, and we remain committed to that direction. While we </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>16</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=18,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=180434,FOLIO='16',FILE='DISK129:[13ZCJ1.13ZCJ12401]DC12401A.;12',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dc12401_1_17"> </A>

<P style="font-family:times;"><FONT SIZE=2>have
made significant changes to our programs over the last year, our Compensation Committee and Board remain committed to exploring additional ways to improve our executive compensation programs in
response to shareholder input. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Compensation Philosophy  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In fiscal 2013, the Committee confirmed its compensation philosophy centered on the following guiding
principles:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Generally target total direct compensation at the market median, with the following
considerations: </FONT> <FONT SIZE=2>
<BR><BR></FONT>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Achieving our desired competitive position will occur over time and will consider not only the total program value, but
also the reward vehicles that are used (i.e.,&nbsp;performance-based incentives versus fixed benefits).  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Moving toward the market median will consider our size and performance relative to peers (noted below) to ensure that
targeted compensation is appropriately calibrated and that realizable compensation is consistent with absolute and relative performance. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD></DL>
</DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Align pay with performance in a re-mixed compensation portfolio, focusing on sales, profitability and absolute stock price
appreciation. Specifically: </FONT> <FONT SIZE=2>
<BR><BR></FONT>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Annual incentives will focus on adjusted EBITDA and same-store sales.  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Long-term incentives will include a performance-based component focusing on adjusted EBITDA and same-store sales (40%), a
stock-settled SAR component (40%) and a restricted stock component (20%) that incentivize stock ownership to align management and shareholders. The introduction of the performance-based component
significantly reduces the use of strictly time-based awards to emphasize performance. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD></DL>
</DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Reduce the value of benefits and perquisites to better support the desired performance-orientation of the new program, and
to better align with market practices. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Review of External Market Data  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In setting executive compensation for fiscal 2013 that aligned with the restated compensation philosophy, the Committee considered the
practices in the external market. This market was defined by the Committee to be a new peer group consisting of 18 companies. These companies selected for the peer group (which are set forth below)
represent similar industries and have annual revenues comparable to ours. In addition, the Committee considered broader retail market data described in more detail below. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
making overall compensation decisions, the Committee considers total direct compensation and each of the three elements of total direct compensation&#151;base salary, annual
non-equity incentives and long-term equity incentives&#151;against the peer group data and against broader retail market data, each as presented by Towers Watson. The Committee selected
companies for our peer group based on the following criteria:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Companies in similar industries, particularly those with a high service emphasis; and </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Companies with comparable annual revenues, generally at one-half to two and one-half times Regis' revenues, such that
Regis' revenues, gross profit and number of employees were above the median of the peer group in each of those areas. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>17</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=19,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=298570,FOLIO='17',FILE='DISK129:[13ZCJ1.13ZCJ12401]DC12401A.;12',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dc12401_1_18"> </A>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based
on the above characteristics, we identified the following 18 companies as our peer group (the "Peer Group") set of companies for fiscal 2013: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:100%;margin-left:0%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="31%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="31%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="31%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Advance Auto Parts,
&nbsp;Inc.</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Fossil,&nbsp;Inc.</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Penn National Gaming,
&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Boyd Gaming Corp.</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Fred's,&nbsp;Inc.</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Revlon,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Brinker International,
&nbsp;Inc.</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Green Mountain Coffee
Roasters</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Sally Beauty Holdings,
&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Coinstar,&nbsp;Inc. (nka
Outerwall,&nbsp;Inc.)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>H&amp;R Block,
&nbsp;Inc.</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Service Corporation
International</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Cracker Barrel Old Country
Store</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Jack in the Box,
&nbsp;Inc.</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>The Cheesecake Factory,
&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>DineEquity,
&nbsp;Inc.</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Panera
Bread&nbsp;Co.</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2> </font> &#149; </font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"> <font size=2> </FONT><FONT SIZE=2>Ulta Salon,
&nbsp;Inc.</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee received comparative compensation information for persons with the same or comparable job titles at the companies in the Peer Group
as those titles held by our executive officers (e.g.,&nbsp;Chief Executive Officer, Chief Financial Officer), as well as total compensation provided to all NEOs. In addition, the Committee received
broader retail market data from multiple survey sources, which were adjusted to Regis' revenue size (approximately $2.1&nbsp;billion). Additional survey sources considered included: Towers Watson
Compensation DataBank&#151;Retail Industry; Towers Watson Compensation Survey Report&#151;Retail Industry; Mercer Retail Industry Survey; and the Hay Group Retail Executive Survey. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Role of the Compensation Committee  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee is charged with developing and administering the base salary, annual and long-term incentive, and benefit programs for
our executive officers. Our annual incentive program is typically referred to as our "bonus" program and it is reported as "Non-Equity Incentive Plan Compensation" in the Summary Compensation Table.
In developing our compensation programs, a basic objective for the Committee was that the total compensation awarded to the NEOs be fair, reasonable and competitive in relation to the median
compensation for similar positions at our peer group of companies, as identified above (the "Peer Group"), as well as in the broader retail market. This objective is consistent with our executive pay
philosophy. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
primary purpose of the Committee is to discharge the responsibilities of the Board relating to the compensation of our executive officers. Accordingly, the primary duties and
responsibilities of the Committee are:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>to determine and approve, or make recommendations to the Board with respect to, the compensation of all executive
officers; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>to consider and recommend the structure of, and changes to, our incentive compensation, equity-based plans and benefit
programs. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Role of Executive Officers in Compensation Decisions  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee believes that in order for our executive compensation programs to be effective, management must have an opportunity to
provide input. Committee meetings during fiscal 2013 were regularly attended by our Chief Executive Officer; Executive Vice President, Chief Administrative Officer and General Counsel; and other
executives as needed. In particular, our Chief Executive Officer has an opportunity to present materials and discuss management's views regarding compensation issues. Our Chief Executive Officer
furnishes his input to the Committee on the compensation of the Company's executive officers, including the other NEOs, and he may be present during deliberations and voting on the other executives'
compensation. However, our Chief Executive Officer may not be present during deliberations and voting regarding his own compensation or during other executive sessions of the Committee. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>18</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=20,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=763166,FOLIO='18',FILE='DISK129:[13ZCJ1.13ZCJ12401]DC12401A.;12',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dc12401_1_19"> </A>

<P style="font-family:times;"><FONT SIZE=2><B><I> Role of the Independent Compensation Consultant  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As stated above, the Compensation Committee engaged Towers Watson as an independent consulting firm to provide executive compensation
consulting services to the
Committee. The Committee has assessed Towers Watson's independence pursuant to applicable SEC rules and concluded that no conflict of interest exists that would prevent Towers Watson from
independently representing the Committee. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
advising the Committee, Towers Watson prepared competitive pay analyses regarding both the Peer Group and the broader retail market, and provides information on our performance
compared to the Peer Group. Based on these analyses, Towers Watson advised the Committee on the level and design of compensation programs for our executive officers. The Chairperson of the Committee
worked directly with Towers Watson to determine the scope of the work needed to assist the Committee in its decision-making processes. Towers Watson worked with management, at the direction of the
Committee, to fully understand the historic, current and desired future direction of our pay policies and practices, as well as to facilitate the development of our compensation strategies, including
the approach to determining compensation levels. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> <U>Section&nbsp;2</U>: Elements of the Executive Compensation Program  </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Total Direct Compensation  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The compensation and benefits programs for our NEOs are intended to work together toward the alignment with shareholder interests, as
well as the retention and motivation of the executive talent required to successfully manage and grow our business and to achieve our short-and long-term business objectives. Individual elements of
our compensation packages are designed for different purposes. For fiscal 2013, the elements of compensation for our NEOs were base salary, annual non-equity incentive compensation (bonus), long-term
equity incentive compensation and benefits. As previously stated, the Committee has a total direct compensation (i.e.,&nbsp;base salary&nbsp;+&nbsp;annual and long-term incentives) executive pay
philosophy that aims to provide an aggregate compensation package that is competitive around the median of the market relative to both our Peer Group and the broader retail market covered by the
industry-specific survey data, while individual compensation elements may exceed or lag the market median. To this end, the Committee established the amount and mix of base salary and incentive
compensation by referencing market practices for total direct compensation and for each element, subject to adjustments in the Committee's discretion based on company-wide and individual position and
performance factors. In developing the total direct compensation package for an NEO, the Committee considered the internal relationship of pay across all executive positions. To tie compensation to
performance, the Committee structured annual non-equity incentive compensation and the performance-based element of long-term incentive compensation in a manner that provided the opportunity to earn
above market compensation for results above target, and below market compensation when the target is not achieved. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Total Direct Compensation for 2013  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a result of the review and the new philosophy described above, the Committee concluded that, commencing with fiscal 2013, certain
aspects of our executive compensation program should be realigned to better reflect our business strategies, talent priorities and market practices. In particular, the Committee concluded that we have
historically lagged the market in the amount of total direct compensation provided to our executive officers. This competitive shortfall was offset by historically above median values of other
benefits. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
targeted levels of compensation that the Committee established were consistent with its compensation philosophy and support the organization's move toward a market median position
over time with an emphasis on performance-based pay and a reduced emphasis on the historical benefits component of the program. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>19</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=21,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=512114,FOLIO='19',FILE='DISK129:[13ZCJ1.13ZCJ12401]DC12401A.;12',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_de12401_1_20"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
fiscal 2013, the total direct compensation (assuming target levels for incentive compensation) for our NEOs was generally 5% to 25% below the median of the Peer Group for executives
holding comparable positions. However, Ms.&nbsp;Knudsen's total direct compensation was approximately one-third higher than the median because of the significance of the Company's products business,
which distinguishes us from others in our industry. The Committee also considered Ms.&nbsp;Knudsen's tenure with the Company and the Committee determined not to reduce her compensation, but rather
to adjust her compensation by moderating her incentive opportunities as appropriate. The exact level of total direct compensation for each NEO was based on a subjective determination that took into
account the performance of the NEO, the Committee's judgment regarding individual responsibilities and performance, market competitiveness, length of service and other factors, including Company
performance, but none of these factors have a direct correlation to the particular compensation levels. As a result of the above consideration, our Chief Executive Officer's total target direct
compensation of $4,710,808, calculated as described in the next sentence, was approximately 6% below the median. This total target direct compensation amount includes the one-time performance-based
equity award he received, but excludes the one-time time-based equity award he received in connection with commencement of his employment, which was designed to compensate him for equity awards he
forfeited upon resigning his prior employment. Additional information about the one-time equity grants is included below. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> Base Salary  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee views a competitive base salary as an important component to attract and retain executive talent. Base salaries also
serve as a foundation for the annual non-equity incentive plan, which expresses the bonus opportunity as a percent of base salary. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Committee strives to set a base salary that is appropriately competitive for each executive officer. After considering input from our Chief Executive Officer regarding the
performance of the other
NEOs, the Committee uses its judgment regarding individual responsibilities and performance, market competitiveness, length of service and other factors, including Company performance, that it deems
relevant to determine the appropriate base salary and size of any salary increase for each NEO. This approach is applied for all executive officers. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> Base Salary Decisions for Fiscal 2013  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The base salaries paid in fiscal 2013 to each of our NEOs are shown under the "Salary" column of the Summary Compensation Table. In
connection with Towers Watson's review of our executive compensation in fiscal 2013, the Committee reviewed base salaries around the time that we hired our new Chief Executive Officer. A similar
review was conducted in connection with the hiring of our new Chief Financial Officer later in the year. As a result, base salaries were set consistent with the compensation philosophy described
above. For our NEOs who have been with our company for a long time, this generally resulted in a slight increase in their base salaries to advance the movement to the market median and to partially
offset the reduction in benefits, as salaries have historically lagged the </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>20</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=22,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=380325,FOLIO='20',FILE='DISK129:[13ZCJ1.13ZCJ12401]DE12401A.;23',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_de12401_1_21"> </A>

<P style="font-family:times;"><FONT SIZE=2>market
median while benefits have generally exceeded the median. The table below provides the base salary information for each of the NEOs: </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de12401_fy13_base_salaries"> </A>
<A NAME="toc_de12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  FY13 Base Salaries    <BR>    </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="56pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="56pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>FY 2012 ($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>FY 2013 ($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>%<BR>
Change </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>850,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>400,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Brent A. Moen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>275,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>310,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>400,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>450,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>366,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>400,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>9</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>360,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>315,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><I> Annual Non-Equity Incentive Compensation  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual non-equity incentive compensation ("AIC") for our NEOs is determined each year under our Short Term Incentive Plan (the "Short
Term Plan"). The AIC compensation earned by our NEOs for fiscal 2013 is reported under the Non-Equity Incentive Plan column of the Summary Compensation Table. AIC amounts are governed by the Short
Term Plan and the AIC performance criteria and payout levels are set each year by the Committee, in accordance with the terms of the Short Term Plan. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
year, the Committee evaluates our annual strategic plan to determine if the financial metrics are appropriate to measure achievement of our objectives and to motivate executives,
and sets corresponding financial metrics to be included in the AIC awards. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> Annual Incentive Decisions for Fiscal 2013  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In fiscal 2013, the AIC program was designed to emphasize our focus on top line revenue, operations and adjusted EBITDA. For fiscal
2013, 70% of the annual incentive compensation opportunity was based on achievement of adjusted EBITDA and 30% of the annual incentive compensation opportunity was based on same-store sales trend
improvement. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Committee provided for a payout of 100% of the target bonus for target-level performance. At maximum, a 200% of the target bonus payout is possible, while at minimum a payout of 25%
of the target bonus was available for a threshold level of adjusted EBITDA performance, and a payout of 20% of the target bonus was available for a threshold level of same-store sales performance.
Payouts for achievement of levels between threshold and target or target and maximum would be calculated using straight-line interpolation. The Committee believed that the fiscal 2013 program was
designed to reward executive officers for success in stabilizing revenue, while assuring a minimum level of profitability. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
for certain guaranteed payments to our new Chief Executive Officer and Chief Financial Officer under their employment agreements, which are described below, there were no annual
incentive compensation payouts for fiscal 2013 as we did not achieve either the adjusted EBITDA threshold or </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>21</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=23,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=1024378,FOLIO='21',FILE='DISK129:[13ZCJ1.13ZCJ12401]DE12401A.;23',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_de12401_1_22"> </A>

<P style="font-family:times;"><FONT SIZE=2>the
same-store sales threshold. The adjusted EBITDA and same-store sales improvement levels and actual results for fiscal 2013 were as follows: </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de12401_fy13_adjusted_ebitda_and_same-__fy102847"> </A>
<A NAME="toc_de12401_2"> </A>
<BR></FONT><FONT SIZE=2><B>  FY13 ADJUSTED EBITDA AND SAME-STORE SALES IMPROVEMENT GOALS AND ACHIEVEMENT    <BR>    </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="79pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="111pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Adjusted<BR>
EBITDA<BR>
(in millions) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Same-Store Sales<BR>
Improvement </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Threshold</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>170M</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>-2.0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Target</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>185M</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>-1.5</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Stretch</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>190 - $210M</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2> -1.375% to -.625</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Maximum</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>215M</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>-.5</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Actual</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>125M</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>-2.4</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted
EBITDA is EBITDA adjusted for certain discrete impairment charges, expenses and benefits, consistent with the adjusted EBITDA we report in our earnings releases. For fiscal
2013, adjusted EBITDA was calculated as EBITDA, excluding the following:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Equity in (loss) income of affiliated companies; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Discontinued operations and related professional fees associated with the sale of Hair Club for Men and Women; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Restructuring costs; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Self-insurance reserve adjustments associated with our prior year reserves; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Recovery of bad debt related to an outstanding note receivable with Pure Beauty; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Legal costs related to the shareholder derivative lawsuit; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Inventory reserve adjustment related to standardizing plan-o-grams and eliminating products; and </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Cumulative translation adjustment related to the sale and related liquidation of our euro-denominated operations. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><I> Long-Term Incentive Compensation  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee considers equity-based long-term incentive compensation ("LTI") to be critical to the alignment of executive compensation
with the creation of shareholder value. Our long-term equity incentive compensation awards are granted pursuant to our Long Term Plan. In fiscal 2012, there were no annual LTI grants; rather, such
grants were deferred until fiscal 2013 and were made in August 2012. As a result the fiscal 2013 awards were made at 133% of the targeted value as a one-time adjustment for the deferred timing
(reflective of a new annualized award schedule). </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
our equity awards, the grant date for the awards is the date the grant becomes effective (generally the same day as Committee approval). The exercise price of any stock option or
stock appreciation
right grant is the closing price of a share of our Common Stock on the grant date. From time to time, the Committee may also make grants under other special circumstances, such as recruiting new
executive talent, upon the promotion of an executive, and to retain key individuals. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> Long-Term Incentive Decisions for Fiscal 2013  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As mentioned above, in fiscal 2013, the Committee approved the introduction of performance units, which were designed to further
encourage focus on the company's long-term strategic goals, and </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>22</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=24,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=753601,FOLIO='22',FILE='DISK129:[13ZCJ1.13ZCJ12401]DE12401A.;23',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_de12401_1_23"> </A>

<P style="font-family:times;"><FONT SIZE=2>to
motivate and retain our executive leadership team while further aligning their interests with the Company's stockholders. This vehicle was used in conjunction with stock appreciation rights
("SARs") and restricted stock. The targeted mix of each long-term incentive vehicle was as follows: 40% performance units, 40% SARs and 20% restricted stock units. The terms of these awards are
described in more detail below in the narrative accompanying the Grants of Plan-Based Awards in 2013 table. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
performance units are earned using the same performance measures and targets described in the AIC section, with possible payouts ranging from 25% to 200% of the number of performance
units. If the performance units are earned, they are settled in stock units and are subject to two additional years of time-based vesting. The performance goals established for the performance units
granted to our NEOs in fiscal 2013 were not achieved during the performance period, and therefore no performance units were earned by our NEOs in fiscal 2013. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LTI
awards to our NEOs for fiscal 2013 were as follows: </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de12401_fy13_lti_awards"> </A>
<A NAME="toc_de12401_3"> </A>
<BR></FONT><FONT SIZE=2><B>  FY13 LTI AWARDS    <BR>    </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="59pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="69pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="70pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>40%<BR>
Performance<BR>
Units (#) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>40% SARs (#) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>20% Restricted<BR>
Stock (#) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>50,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>150,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,666</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>15,482</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,833</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Brent A. Moen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,450</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13,325</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,225</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7,400</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>22,250</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,700</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,925</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>17,800</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,950</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,450</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13,325</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,225</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,450</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13,325</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,225</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
awards granted to Mr.&nbsp;Moen were forfeited in connection with the termination of his employment on January&nbsp;4, 2013 as disclosed below. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
fiscal 2013, the Committee also made the following special, one-time LTI awards:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Mr.&nbsp;Hanrahan&#151;118,062 shares of restricted stock that cliff vest after a five-year period intended as a
sign-on award and to replace equity compensation he was leaving with his prior position, and 20,000 performance units that will vest if our stock trades at or above $35 for twenty consecutive days at
some time prior to the fifth anniversary of Mr.&nbsp;Hanrahan's employment commencement date (i.e.,&nbsp;August&nbsp;6, 2017); </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Mr.&nbsp;Spiegel&#151;24,316 restricted stock units that cliff vest after a five-year period, intended as a
sign-on award; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Mr.&nbsp;Bakken&#151;9,480 restricted stock units that vest as to 30% of the units on the first and second
anniversaries of the date of grant and 20% of the units on the third and fourth anniversaries of the date of grant to compensate Mr.&nbsp;Bakken for the elimination of certain contractual tax
gross-ups on insurance benefits. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><I> Special Performance Unit Grants in August 2013  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As indicated above, the executive officers, most of whom joined the Company within the last two years, did not earn a payout under
either the annual non-equity incentive awards or the performance unit portion of the long-term incentive awards for fiscal 2013 due to financial performance that was below the thresholds set at the
beginning of fiscal 2013. Also as indicated above, fiscal 2013 was a turnaround year for the Company, and the performance targets set did not fully reflect the input of the new CEO whose tenure (and,
accordingly, experience with the Company's operations) at the time the </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>23</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=25,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=859985,FOLIO='23',FILE='DISK129:[13ZCJ1.13ZCJ12401]DE12401A.;23',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_de12401_1_24"> </A>

<P style="font-family:times;"><FONT SIZE=2>performance
targets were set was too brief to benefit from a full assessment of the directional needs of the Company. After completing such assessment, and in an effort to accelerate the Company's
turnaround, the executive leadership team and Board implemented several significant initiatives focused on the long-term success of the Company that negatively impacted our financial results in the
near term. The initiatives were nonetheless completed with much hard work on the part of the Company's executive team and other employees. In order to recognize the important work the executive team
accomplished in the effort to reorganize the Company and to lay the groundwork that we believe will lead to long-term strategic success, and to retain and incentivize them to continue their work
toward these objectives, the Committee determined, in August 2013, to grant special discretionary performance unit awards to the executive officers. Other discretionary compensation was awarded to
certain other key employees who made similar contributions and are expected to continue doing so as the Company completes its turnaround. Notably, the awards to the executive officers remain
performance based, and will cliff vest, if at all, at the end of the three-year performance period, thereby demonstrating the Committee's expectation that the executives remain with the Company to
recognize value from the grants if the foundational initiatives undertaken are successful. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
value of the performance units for the executive officers was determined by the Committee based on its assessment of each individual's performance and contributions to the strategic
and organizational actions implemented in furtherance of the Company's long-term turnaround objectives over the last year and their expected contributions during a three-year performance period. In
all instances, the value of the special performance units was less than the payouts they would have received had the annual non-equity incentive awards and performance units been earned at the target
level. Specifically, the value of the new performance unit awards range between 50% (in the case of Ms.&nbsp;Knudsen) and 85% (in the case of Messrs.&nbsp;Bakken and Reynolds and Ms.&nbsp;Passe)
of the cumulative payouts they would have received under the annual non-equity incentive awards and the fiscal year 2013 performance unit awards had they been earned at the target level and, in the
case of Messrs.&nbsp;Hanrahan and Spiegel, 85% of the payout they would have received under the fiscal year 2013 performance unit awards had they been earned at the target level (as noted above,
Messrs.&nbsp;Hanrahan and Spiegel were entitled to guaranteed payouts for their annual non-equity incentive awards). Provided that the executive officer
remains employed with the Company three years from the date of grant, the performance units will vest in full on such date if certain performance goals, which are based on adjusted EBITDA targets over
the three-year performance period, are achieved. The number of performance units granted to our executive officers will be based on the closing price of a share of our Common Stock on
August&nbsp;30, 2013, the effective date of the awards, and will be equal to the following values (derived as described above): Mr.&nbsp;Hanrahan ($781,150), Mr.&nbsp;Spiegel ($79,050),
Mr.&nbsp;Bakken ($306,850), Ms.&nbsp;Knudsen ($144,500), Ms.&nbsp;Passe ($198,723), and Mr.&nbsp;Reynolds ($190,188). </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Benefits  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior to fiscal 2013, the Committee reflected its executive compensation philosophy of targeting total remuneration around the market
median by providing a benefits package that led the market while total cash compensation historically lagged the market. This approach was based on historic practice and was designed to retain and
encourage executive commitment to the Company. As described above, following our executive compensation review and our adoption of a new compensation philosophy, we eliminated many historic benefits,
as described above and we restructured our total direct compensation to more directly align with the market median and with current market practices. The benefits we provided our NEOs in fiscal 2013
are summarized in the footnotes to the Summary Compensation Table or are otherwise reported in the accompanying tables, including footnotes. Current benefits for our NEOs include core benefits
available to all full-time employees (e.g.,&nbsp;coverage for medical, dental, prescription drugs, basic life insurance, long-term disability coverage). </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>24</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=26,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=62368,FOLIO='24',FILE='DISK129:[13ZCJ1.13ZCJ12401]DE12401A.;23',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_de12401_1_25"> </A>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior
to fiscal 2013, we also provided certain supplemental retirement benefits, additional life insurance benefits and certain gross-up payments. Where applicable, these benefits are
described below under "Summary of Executive Agreements." These benefits were eliminated or frozen prior to fiscal 2013, and continue to be provided only in the case of certain grandfathered
agreements, as described below. Related to this, in fiscal 2012 the Committee determined to discontinue but grandfather existing arrangements under the Company's executive life insurance program,
which provides employer paid whole life premium payments for a select group of senior executives, up to a total of ten payments. In arriving at the decision to grandfather existing arrangements, the
Committee considered the importance of this benefit as a retirement vehicle and the potential dissatisfaction that could result from eliminating the benefit. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> <U>Section&nbsp;3</U>: Additional Compensation and Governance Related Items  </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I> Compensation Governance  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although we have completed a significant overhaul of our compensation programs in fiscal 2013, we remain committed to continued
reviews, revisions and maintenance of best practices related to our executive compensation programs, including:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Obtaining advice and recommendations from an independent compensation consultant that reports directly to our Compensation
Committee; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Implementing our "clawback" policy and possibly extending it to other forms of compensation in the future; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Monitoring compliance with our current stock ownership guidelines to provide for meaningful stock ownership by our
executive officers and directors; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Prohibiting our employees, officers and directors from engaging in transactions that "hedge" their investments in our
stock; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Submitting our executive compensation to an advisory vote by shareholders every year. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Stock Ownership by Named Executive Officers  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board believes that each of our officers who has reached the level of Senior Vice President or above should be a shareholder and
should have a significant financial stake in the Company. Accordingly, the Committee adopted Common Stock ownership requirements, which are reflected in the Corporate Governance Guidelines on our
website, requiring each officer to hold Regis common stock having a fair market value equal to a multiple of their base salary, as set forth below:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Chief Executive Officer&#151;3x annual base salary </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Executive Vice President&#151;2x annual base salary </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Senior Vice President&#151;1x annual base salary </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
current stock ownership requirements were established in April 2013. The guidelines require officers to retain at least 75% of the shares received from equity compensation awards,
net of shares withheld or tendered to satisfy withholding taxes, until the stock ownership requirement is satisfied. All shares beneficially owned by an officer are included in the calculation,
provided that shares subject to performance-based vesting conditions and shares subject to unexercised stock options and SARs shall not be included. The shares will be valued at the greater of
(i)&nbsp;the average closing price of a share of the Company's Common Stock during the most recent fiscal year and (ii)&nbsp;the closing price on the last </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>25</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=27,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=941486,FOLIO='25',FILE='DISK129:[13ZCJ1.13ZCJ12401]DE12401A.;23',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_de12401_1_26"> </A>

<P style="font-family:times;"><FONT SIZE=2>day
of the most recent fiscal year. The table below sets forth the current stock ownership for each NEO who continues to serve as an executive officer: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="79pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="51pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Stock Ownership<BR>
Guideline </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Current<BR>
Ownership<BR>
Level </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.2x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1.2x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.3x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1.4x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0.1x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0.1x</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Committee is responsible for measuring and monitoring compliance with these guidelines. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
2011, the Company amended its insider trading policy to prohibit employees, including officers, and directors from engaging in any hedging transactions involving Company stock. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I> Post-Employment Compensation  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to their employment agreements that were entered into or materially amended during fiscal 2013, Mr.&nbsp;Hanrahan,
Mr.&nbsp;Speigel and each of our remaining NEOs are entitled to certain compensation and other benefits if their employment terminates due to certain articulated reasons (including in connection
with a change in control), as described below under "Summary of Executive Agreements." The employment agreements with our NEOs contain covenants not to compete or solicit, as well as confidentiality
provisions, that the Committee considers especially valuable in the event of an executive's termination of employment. Unlike prior employment agreements, the new employment agreements provide for
payment of post-termination payments in installments over time, and the payments are conditioned upon signing and not rescinding a release of claims and continuing compliance with the restrictive
covenants in the employment agreement. In addition, the severance payments will be offset by any compensation the executive officer receives from other employment during the severance period. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Committee and the Board recognize the importance to us and our shareholders of avoiding the distraction and loss of key management personnel that may occur in connection with any
rumored or actual change in control of the Company. Accordingly, the Committee and Board have structured change in control provisions to incentivize executives to remain employed while a transaction
is under consideration or pending, and not to favor one transaction structure over another merely because of the impact on the executive's compensation. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
provisions are discussed in the section captioned "Summary of Executive Agreements." </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> 2013 Events Related to Senior Management Changes and Post-Employment Agreements  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As described elsewhere, we entered into new employment agreements with our new Chief Executive Officer and Chief Financial Officer
during fiscal 2013. We also adopted a new general form of employment agreement for our other executive officers and signed these new agreements or amended and restated prior agreements to implement
these terms with all our executive officers during fiscal 2013. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with the termination of employment of Mr.&nbsp;Moen in January 2013, we entered into a separation agreement with him, which merely conveyed the terms of the severance he
was entitled to receive under his recently amended employment agreement. The purpose of the separation agreement was to ensure a smooth transition and to obtain a general release of legal claims and
set forth the continuing restrictive covenants that would apply to Mr.&nbsp;Moen as a condition to his continued receipt </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>26</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=28,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=1027995,FOLIO='26',FILE='DISK129:[13ZCJ1.13ZCJ12401]DE12401A.;23',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_de12401_1_27"> </A>

<P style="font-family:times;"><FONT SIZE=2>of
separation payments. The terms of the separation agreement are described in more detail below under "Summary of Executive Agreements&#151;</FONT><FONT SIZE=2><I>Separation Agreement with
Brent Moen, Former Chief Financial Officer."</I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Deductibility of Executive Compensation  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Code Section&nbsp;162(m) imposes a $1&nbsp;million limit on the amount that a public company may deduct for compensation paid to a
company's chief executive officer or any of its three other most highly compensated executive officers (other than its chief financial officer) who are employed as of the end of the year. This
limitation does not apply to compensation that meets the requirements under Section&nbsp;162(m) for "qualifying performance-based" compensation (i.e.,&nbsp;compensation paid only if the
individual's performance meets pre-established objective goals based on performance criteria approved by shareholders). The Committee's policy is to design compensation programs that further the best
interests of the Company and our shareholders and that preserve the tax deductibility of compensation expenses. Non-equity incentive compensation paid to executive officers under the Short Term Plan
and stock options and SARs awarded under the Long Term Plan are designed to qualify as performance-based compensation. The Committee also believes, however, that it must maintain the flexibility to
take actions which it deems to be in our best interests but which may not qualify for tax deductibility under Section&nbsp;162(m). In this regard, the Committee recognizes that if the amount of base
salary (and any other compensation that is not determined to be performance-based under Section&nbsp;162(m), such as time-vested restricted stock or guaranteed bonuses for new executives) for any of
our executive officers exceeds $1&nbsp;million, any amounts over $1&nbsp;million will not be deductible for federal income tax purposes. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
required under the tax rules, we must obtain shareholder approval of the material terms of the performance goals for qualifying performance-based compensation every five years. We
last requested and received shareholder approval of the Short Term Plan in 2009 and of the Long Term Plan in 2010. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Regulatory Considerations  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee considered (i)&nbsp;the impact of the $1&nbsp;million limit on the deductibility of non-performance based
compensation imposed by Code Section&nbsp;162(m), (ii)&nbsp;the accounting treatment of various types of equity-based compensation under Accounting Standards Codification (ASC) Topic 718, and
(iii)&nbsp;the non-deductibility of excess parachute tax payments under Code Section&nbsp;280G (and the related excise tax imposed on covered employees under Code Section&nbsp;4999 as described
above under "Gross-Up Payments") in its design of executive compensation programs. In addition, the Committee considered other tax and accounting provisions in developing the compensation programs for
our NEOs. These included the special rules applicable to non-qualified deferred compensation arrangements under Code Section&nbsp;409A, as well as the overall income tax rules applicable to various
forms of compensation. While the Committee strove to compensate our NEOs in a manner that produced favorable tax and accounting treatment, its main objective was to develop fair and equitable
compensation arrangements that appropriately motivate, reward and retain those executives. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>27</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>

<!-- ZEQ.=8,SEQ=29,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=500528,FOLIO='27',FILE='DISK129:[13ZCJ1.13ZCJ12401]DE12401A.;23',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_de12401_1_28"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de12401_compensation_committee_report"> </A>
<A NAME="toc_de12401_4"> </A>
<BR></FONT><FONT SIZE=2><B>  COMPENSATION COMMITTEE REPORT    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis contained in this Proxy Statement with
the management of the Company. Based on its review and related discussions, the Compensation Committee recommended to the Board that the Compensation Discussion and Analysis be included in this Proxy
Statement. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:100%;margin-left:0%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="46%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="53%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>James P. Fogarty, Chairman<BR>
Daniel G. Beltzman<BR>
Joseph L. ("Joel") Conner<BR>
Stephen E. Watson<BR>
David P. Williams<BR></FONT> <FONT SIZE=2><I>Members of the Compensation Committee</I></FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>28</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=30,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=144950,FOLIO='28',FILE='DISK129:[13ZCJ1.13ZCJ12401]DE12401A.;23',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dg12401_1_29"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dg12401_summary_compensation_table"> </A>
<A NAME="toc_dg12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  SUMMARY COMPENSATION TABLE    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table shows, for each person serving as our principal executive officer and each person serving as our principal
financial officer during the fiscal year ended June&nbsp;30, 2013, and the three other most highly compensated executive officers of Regis in fiscal year 2013, together referred to as the Named
Executive Officers or "NEOs," information concerning compensation earned for services in all capacities during each of the fiscal years ended June&nbsp;30, 2013, June&nbsp;30, 2012 and
June&nbsp;30, 2011 in which such individuals were named executive officers. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:54%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"150%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="150%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="22pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="51pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="40pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="32pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="59pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="59pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="59pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="40pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:90pt;"><FONT SIZE=1><B>Name and Principal Position

<!-- COMMAND=ADD_SCROPPEDRULE,90pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Salary($)(1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Bonus($)(2) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Stock<BR>
Awards<BR>
($)(3) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Option<BR>
Awards<BR>
($)(3) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Non-Equity<BR>
Incentive<BR>
Plan<BR>
Compensation<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Change in<BR>
Pension<BR>
Value and<BR>
Nonqualified<BR>
Deferred<BR>
Compensation<BR>
Earnings<BR>
($)(4) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>All Other<BR>
Compensation<BR>
($)(5) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Total($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>2013</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>801,904</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>1,062,500</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>3,716,147</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>996,000</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>260,554</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>6,837,105</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-0pt;"><FONT SIZE=1> </FONT><FONT SIZE=1><I>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 President and Chief Executive Officer(6)</I></FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-top:9pt;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Steven M. Spiegel</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
2013</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
275,296</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
116,667</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
539,807</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
94,905</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
28,378</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
1,055,053</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-0pt;"><FONT SIZE=1> </FONT><FONT SIZE=1><I>Executive Vice President and Chief Financial Officer(7)</I></FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-top:9pt;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Brent A. Moen</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
2013</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
159,769</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
121,863</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
88,478</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
749,379</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
205,358</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
1,324,847</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:14pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1><I>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Former Chief Financial</I></FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>2012</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>312,085</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>50,046</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>38,500</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>166,532</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>567,163</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-0pt;"><FONT SIZE=1> </FONT><FONT SIZE=1><I>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Officer(8)</I></FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>2011</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>280,543</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>92,960</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>20,032</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>47,298</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>32,353</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>177,472</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>650,658</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-top:9pt;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Eric A. Bakken</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
2013</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
493,488</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
373,384</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
147,740</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
25,529</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
154,269</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
1,194,410</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:14pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1><I>Executive Vice</I></FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>2012</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>443,488</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>216,062</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>63,000</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>282,078</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>175,967</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>1,180,595</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-0pt;"><FONT SIZE=1> </FONT><FONT SIZE=1><I>President, Chief Administrative Officer and General Counsel, Former Interim Chief Executive Officer(9)</I></FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-top:9pt;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Norma A. Knudsen</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
2013</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
432,085</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
162,032</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
118,192</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
34,595</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
19,367</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
766,271</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:14pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1><I>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Executive Vice</I></FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>2012</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>413,678</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>50,046</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>57,566</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>31,301</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>184,398</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>736,989</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-0pt;"><FONT SIZE=1> </FONT><FONT SIZE=1><I>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 President, Merchandising</I></FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-top:9pt;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Heather L. Passe</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
2013</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
358,335</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
100,000</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
121,863</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
88,478</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
14,207</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
682,883</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-0pt;"><FONT SIZE=1> </FONT><FONT SIZE=1><I>Senior Vice President and Chief Marketing Officer(10)</I></FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-top:9pt;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Doug P. Reynolds</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
2013</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
352,085</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
4,948</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
121,863</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
88,478</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
0</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
16,803</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="TOP" style="font-family:times;"><FONT SIZE=1><BR>
584,177</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-0pt;"><FONT SIZE=1> </FONT><FONT SIZE=1><I>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Senior Vice President and Chief Information Officer</I></FONT><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Includes
amounts provided to the NEOs in the form of a modest perquisite allowance of approximately $25,000 per NEO that primarily covers an automobile
allowance. The entire allowance is paid to the NEOS regardless of whether they spend the entire amount on automobile expenses and, therefore, is reported as base salary; however, the allowance amount
is not included as base salary for purposes of determining other compensation and benefits amounts.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Amounts
for Messrs.&nbsp;Hanrahan and Spiegel represent payouts of guaranteed bonus payments made pursuant to the terms of the employment agreements with
the NEOs as described below under "Summary of Executive Agreements." Amounts for Ms.&nbsp;Passe and Mr.&nbsp;Reynolds represent sign-on payments made in connection with the commencement of their
employment.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Values
expressed represent the aggregate grant date fair value of stock or option awards granted in each fiscal year, as computed in accordance with FASB
ASC Topic 718, based on the closing stock price on the grant date. See Note&nbsp;12 to our consolidated financial statements included in our Annual Report on Form&nbsp;10-K for the fiscal year
ended June&nbsp;30, 2013 for a description of the assumptions used in calculating these amounts. Of the amounts reported for the fiscal year ended June&nbsp;30, 2013, the following grant date fair
value amounts relate to the performance units that were granted, but did not vest and thus were forfeited: Mr.&nbsp;Hanrahan&#151;$919,000; Mr.&nbsp;Spiegel&#151;$93,206;
Mr.&nbsp;Moen&#151;$81,791; Mr.&nbsp;Bakken&#151;$136,012; Ms.&nbsp;Knudsen&#151;$108,902; Ms.&nbsp;Passe&#151;$81,791; and Mr.&nbsp;Reynolds&#151;$81,791.
The grant date fair values of these awards assumed that the target level achievement would be attained. If the grant date fair values had been calculated assuming the maximum level of achievement, the
grant date fair values would have been: Mr.&nbsp;Hanrahan&#151;$1,838,000; Mr.&nbsp;Spiegel&#151;$186,412; Mr.&nbsp;Moen&#151;$163,582;
Mr.&nbsp;Bakken&#151;$272,024; Ms.&nbsp;Knudsen&#151;$217,804; Ms.&nbsp;Passe&#151;$163, 582; and Mr.&nbsp;Reynolds&#151;$163,582. The value for Mr.&nbsp;Hanrahan
also includes his special one-time restricted stock grant valued at $2,126,297.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Amounts
represent the change in the present value of benefits under the pension plans. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>29</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=31,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=800218,FOLIO='29',FILE='DISK129:[13ZCJ1.13ZCJ12401]DG12401A.;13',USER='EYOUNG',CD='27-AUG-2013;15:55' -->
<A NAME="page_dg12401_1_30"> </A>
 <DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(5)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>The
following table sets forth All Other Compensation amounts by type: </FONT></DD></DL>
 </DIV>
<DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="60pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="61pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="60pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="42pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="63pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:18pt;"><FONT SIZE=1><B>Name


<!-- COMMAND=ADD_SCROPPEDRULE,18pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Deferred<BR>
Compensation<BR>
Company<BR>
Match and<BR>
Profit-Sharing<BR>
Contribution<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Dividends and<BR>
Dividend<BR>
Equivalents on<BR>
Stock and<BR>
Option Awards<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Life Insurance<BR>
Premiums<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Severance<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Total All Other<BR>
Compensation<BR>
($)(a) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>37,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>39,156</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>260,554</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>12,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>3,263</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>28,378</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Brent A. Moen(b)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>12,550</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>1,932</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>188,283</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>205,358</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>37,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>9,997</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>106,168</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>154,269</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>7,196</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>5,708</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>19,367</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>13,281</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>537</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>14,207</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:7pt;text-indent:-7pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>15,750</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>537</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>16,803</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:15%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Total
All Other Compensation for Mr.&nbsp;Hanrahan, Mr.&nbsp;Spiegel, Mr.&nbsp;Moen, Mr.&nbsp;Bakken, Ms.&nbsp;Knudsen, Ms.&nbsp;Passe and
Mr.&nbsp;Reynolds also includes $183,898, $12,615, $2,593, $604, $6,463, $389 and $516 of perquisites, respectively, which primarily relate to medical benefits, including the reimbursement of co-pay
and other out-of-pocket expenses. Mr.&nbsp;Hanrahan's Total All Other Compensation also includes $174,555 of relocation expenses.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>The
severance amount for Mr.&nbsp;Moen includes a cash payment of $26,827 for accrued vacation time made in connection with his termination on
January&nbsp;4, 2013. The severance amounts for Mr.&nbsp;Moen are described below under "Summary of Executive Agreements&#151;</FONT><FONT SIZE=1><I>Separation Agreement with Brent Moen,
Former Chief Financial Officer."</I></FONT></DD></DL>
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(6)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Mr.&nbsp;Hanrahan
was appointed Chief Executive Officer effective August&nbsp;6, 2012.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(7)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Mr.&nbsp;Spiegel
was appointed Executive Vice President and Chief Financial Officer effective December&nbsp;3, 2012.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(8)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Mr.&nbsp;Moen's
employment terminated effective January&nbsp;4, 2013.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(9)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Mr.&nbsp;Bakken
was appointed Chief Administrative Officer effective April&nbsp;29, 2013, and he also served as interim principal executive officer from
July&nbsp;1, 2012 until August&nbsp;6, 2012.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(10)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Ms.&nbsp;Passe
commenced employment on July&nbsp;23, 2012. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>30</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=32,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=116221,FOLIO='30',FILE='DISK129:[13ZCJ1.13ZCJ12401]DG12401A.;13',USER='EYOUNG',CD='27-AUG-2013;15:55' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_di12401_1_31"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="di12401_grants_of_plan-based_awards_in_2013"> </A>
<A NAME="toc_di12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  GRANTS OF PLAN-BASED AWARDS IN 2013    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth certain information concerning plan-based awards granted to the Named Executive Officers during the
fiscal year ended June&nbsp;30, 2013. No options were repriced or materially modified during the fiscal year. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:54%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"150%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="150%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="32pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="36pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="40pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="36pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="40pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="40pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="26pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="40pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="46pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="55pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="34pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" style="font-family:times;"></TD>
<TD WIDTH="4pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="44pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Estimated Possible Payouts<BR>
Under Non-Equity Incentive<BR>
Plan Awards(1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Estimated Possible Payouts<BR>
Under Equity Incentive<BR>
Plan Awards(2) </B></FONT></TH>
<TH ROWSPAN=2 style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>All Other<BR>
Stock<BR>
Awards:<BR>
Number of<BR>
Shares of<BR>
Stock or<BR>
Units(#)(2) </B></FONT></TH>
<TH ROWSPAN=2 style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>All Other<BR>
Option<BR>
Awards:<BR>
Number of<BR>
Securities<BR>
Underlying<BR>
Options(#)(2) </B></FONT></TH>
<TH ROWSPAN=2 style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Exercise<BR>
or Base<BR>
Price of<BR>
Option<BR>
Awards<BR>
($/Sh) </B></FONT></TH>
<TH ROWSPAN=2 style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Grant Date<BR>
Fair Value<BR>
of Stock&nbsp;&amp;<BR>
Option<BR>
Awards<BR>
($)(3) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:17pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,17pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Grant<BR>
Date </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Approval<BR>
Date </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Threshold<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Target<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Maximum<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Threshold<BR>
(#)(3) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Target<BR>
(#) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Maximum<BR>
(#) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Daniel J. Hanrahan</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,062,500</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>09/28/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>11,750</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>50,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>100,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>919,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>20,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(5)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>220,600</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>118,062</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,126,297</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>25,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>450,250</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>150,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>996,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Steven M. Spiegel</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>275,296</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>12/03/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>11/28/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,332</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>5,666</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>11,332</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>93,206</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>12/03/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>11/28/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>24,316</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>399,998</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>12/03/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>11/28/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,833</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>46,603</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>12/03/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>11/28/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>15,482</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>16.45</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>94,905</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Brent A. Moen(6)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>32,783</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>139,500</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>279,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>09/28/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,046</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>4,450</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>8,900</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>81,791</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,225</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>40,072</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>13,325</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>88,478</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Eric A. Bakken</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>52,875</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>225,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>450,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>09/28/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,739</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>7,400</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>14,800</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>136,012</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>9,480</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>170,735</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>3,700</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>66,637</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>22,250</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>147,740</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Norma A. Knudsen</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>42,300</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>180,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>360,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>09/28/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,392</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>5,925</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>11,850</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>108,902</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,950</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>53,130</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>17,800</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>118,192</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Heather L. Passe</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>35,671</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>151,792</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>303,584</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>09/28/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,046</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>4,450</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>8,900</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>81,791</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,225</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>40,072</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>13,325</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>88,478</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Doug P. Reynolds</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>33,311</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>141,750</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>283,500</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>09/28/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,046</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>4,450</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>8,900</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>81,791</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,225</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>40,072</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:6pt;text-indent:-6pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/21/12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>13,325</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>88,478</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>These
amounts represent the potential target bonus amounts available to our executives for fiscal 2013 under the Short Term Plan as described under "Annual
Non-Equity Incentive Compensation" in the CD&amp;A section of this Proxy Statement. As described above in the CD&amp;A, no amounts were earned under these awards for fiscal 2013, except for the guaranteed
bonus amounts paid to Messrs.&nbsp;Hanrahan and Spiegel reported as the target amounts above.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>The
option and stock awards were granted under the Long Term Plan.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Amounts
are computed in accordance with FASB ASC Topic 718.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>These
amounts represent the threshold, target and maximum number of performance units available to our executives with respect to the fiscal 2013
performance unit award for the performance period ending June&nbsp;30, 2013. As described above in the CD&amp;A, no amounts were under these performance units for fiscal 2013, and the awards were
forfeited.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(5)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>This
amount represents the number of restricted stock units awarded to Mr.&nbsp;Hanrahan that will vest and become non-forfeitable if our Common Stock
price (as reported on the NYSE) equals or exceeds $35.00 for any consecutive 20-day period until August&nbsp;6, 2017. The restricted stock units terminate if they do not vest prior to
August&nbsp;6, 2017. Each restricted stock unit entitles Mr.&nbsp;Hanrahan to receive one share of our Common Stock at the time of vesting without payment of an exercise price or other
consideration.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(6)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>The
amounts for Mr.&nbsp;Moen represent the bonus opportunity and equity incentive opportunity he would have been eligible to receive if he had remained
employed for the entire fiscal year. Because his employment terminated prior to the end of the fiscal year, he was ultimately entitled to receive only a prorated payout based on his period of
employment during the fiscal year; however, since the performance goals were not attained, there were no bonus or performance unit payouts for fiscal 2013. </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><B><I> Summary of Terms of Equity Awards  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The terms of the equity awards granted as part of the long-term incentives for fiscal 2013 are summarized
below:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Performance Units</U>&#151;The performance-based vesting terms of the performance units
are described above in the CD&amp;A under "&#151;</FONT><FONT SIZE=2><I>Long-Term Incentive Decisions for Fiscal 2013.</I></FONT><FONT SIZE=2>" In the event of a termination of employment, the
performance units are generally forfeited; provided, </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>31</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=33,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=650492,FOLIO='31',FILE='DISK129:[13ZCJ1.13ZCJ12401]DI12401A.;20',USER='EYOUNG',CD='27-AUG-2013;15:36' -->
<A NAME="page_di12401_1_32"> </A>
<UL>
<UL>

<P style="font-family:times;"><FONT SIZE=2>however,
that a pro-rated amount of the performance units will payout at the target level upon a participant's death or disability and a pro-rated amount of the performance units will payout based on
actual performance at the end of the performance period upon a participant's retirement, which is defined to mean termination at age 62 or after age 55 with 15&nbsp;years or more of continuous
service. Similarly, in the event of a change in control, a pro-rated amount of the performance units will payout at the target level. The performance units earn dividend equivalents, but have no
voting rights. </FONT></P>

</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>SARs</U>&#151;The SARs vest as to one-third of the shares on each of the first three
anniversaries of the date of grant and settle in the form of shares of Common Stock. In the event of a termination of employment, the SARs are generally forfeited; provided, however, that vesting is
accelerated in the event of death, disability, retirement (defined as described above for performance units) and a change in control. The participant or his or her successor has one year to exercise
the SARs in the event of death or disability and 90&nbsp;days in the event of retirement. The SARs do not have any voting or dividend rights until the shares are vested and exercised. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Restricted Stock Units</U>&#151;The restricted stock units vest as to one-third of the
shares on each of the first three anniversaries of the date of grant. In the event of a termination of employment, the restricted stock units are generally forfeited; provided, however, that the
vesting is accelerated in the event of death, disability or a change in control and a pro-rated amount of the units will vest in the event of retirement (defined as described above for performance
units). The restricted stock units earn dividend equivalents, but have no voting rights. The special equity grants issued to Mr.&nbsp;Hanrahan in the form of performance-based restricted stock units
and restricted stock in connection with his appointment as Chief Executive Officer, which are described in the CD&amp;A under "&#151;</FONT><FONT SIZE=2><I>Long-Term Incentive Decisions for Fiscal
2013</I></FONT><FONT SIZE=2>" vest in full in the event of death, disability, termination without cause, termination for good reason and a change in control. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>32</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=34,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=91023,FOLIO='32',FILE='DISK129:[13ZCJ1.13ZCJ12401]DI12401A.;20',USER='EYOUNG',CD='27-AUG-2013;15:36' -->
<UL>
<UL>
</UL>
</UL>
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dk12401_1_33"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dk12401_outstanding_equity_awards_at_2013_fiscal_year-end"> </A>
<A NAME="toc_dk12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  OUTSTANDING EQUITY AWARDS AT 2013 FISCAL YEAR-END    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth certain information concerning equity awards outstanding to the Named Executive Officers at
June&nbsp;30, 2013. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:54%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"150%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="150%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="58pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="40pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="68pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="53pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="63pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="61pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Option Awards </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Stock Awards(1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Securities<BR>
Underlying<BR>
Unexercised<BR>
Options (#)<BR>
Exercisable </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Securities<BR>
Underlying<BR>
Unexercised<BR>
Options (#)<BR>
Unexercisable </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Option<BR>
Exercise<BR>
Price($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Option<BR>
Expiration<BR>
Date(2) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Shares or<BR>
Units of Stock<BR>
That Have<BR>
Not Vested<BR>
(#) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Market<BR>
Value of<BR>
Shares or<BR>
Units of<BR>
Stock That<BR>
Have Not<BR>
Vested<BR>
($)(3) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Equity<BR>
Incentive<BR>
Plan Awards:<BR>
Number of<BR>
Unearned<BR>
Shares or<BR>
Other Rights<BR>
That Have<BR>
Not Vested<BR>
(#) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Equity<BR>
Incentive<BR>
Plan<BR>
Awards:<BR>
Market or<BR>
Payout<BR>
Value of<BR>
Unearned<BR>
Shares or<BR>
Other<BR>
Rights That<BR>
Have Not<BR>
Vested ($)(3) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Daniel J. Hanrahan</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>150,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(8)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/22</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>25,335</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(8)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>416,008</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>119,646</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(13)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,964,589</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>20,268</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(15)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>332,806</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Steven M. Spiegel</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>15,482</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(10)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>16.45</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>12/03/22</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,852</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(10)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>46,823</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>24,475</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(14)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>401,885</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Eric A. Bakken</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,250</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>42.79</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>05/26/14</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,250</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>35.49</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>05/03/15</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,500</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>35.33</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/27/16</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>3,200</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>39.04</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/26/17</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>3,200</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>28.57</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/24/18</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>12,400</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>3,100</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>19.14</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/30/19</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,520</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,680</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(5)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.90</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/29/20</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,680</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,520</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(7)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>16.60</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/28/21</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>22,250</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(8)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/22</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>3,266</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>53,636</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>3,089</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(6)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>50,719</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>4,588</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(7)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>75,328</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>12,448</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(11)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>204,389</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>3,750</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(8)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>61,569</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>9,607</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(9)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>157,750</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Norma A. Knudsen</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,500</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>42.79</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>05/26/14</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,500</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>35.49</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>05/03/15</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,500</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>35.33</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/27/16</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>4,200</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>39.04</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/26/17</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>4,200</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>28.57</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/24/18</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>16,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>4,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>19.14</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/30/19</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,520</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,680</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(5)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.90</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/29/20</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>1,680</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,520</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(7)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>16.60</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>04/28/21</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>17,800</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(8)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/22</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>4,215</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>69,207</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>3,089</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(6)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>50,719</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>4,588</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(7)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>75,328</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,898</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(12)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>47,583</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,990</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(8)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>49,089</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Heather L. Passe</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>13,325</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(8)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/22</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,255</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(8)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>37,025</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT><FONT SIZE=1>Doug P. Reynolds</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>13,325</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(8)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>18.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>08/31/22</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:8pt;text-indent:-8pt;"><FONT SIZE=1> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>2,255</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>(8)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>37,025</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Stock
awards numbers include accrued dividend equivalents where applicable.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>All
awards of stock options and SARs expire ten years after the date of grant.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Value
based on a share price of $16.42, which was the last reported sale price for a share of our Common Stock on the NYSE on June&nbsp;28, 2013.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Award
vests as to 20% of the shares covered by the award on each of the first five anniversaries of the date of grant, which was April&nbsp;30, 2009. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>33</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=35,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=149768,FOLIO='33',FILE='DISK129:[13ZCJ1.13ZCJ12401]DK12401A.;11',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dk12401_1_34"> </A>
 <DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">

<DL compact>
<DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(5)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Award
vests as to 20% of the shares covered by the award on each of the first five anniversaries of the date of grant, which was April&nbsp;29, 2010.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(6)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Award
vests as to 20% of the shares covered by the award on each of the first five anniversaries of the date of grant, which was April&nbsp;30, 2010.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(7)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Award
vests as to 20% of the shares covered by the award on each of the first five anniversaries of the date of grant, which was April&nbsp;28, 2011.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(8)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Awards
vest as to 33% of the shares covered by the award on each of the first three anniversaries of the date of grant, which was August&nbsp;31, 2012.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(9)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Award
vests as to 30% of the shares covered by the award on each of the first two anniversaries of the date of grant, which is August&nbsp;31, 2012, and
20% of the shares covered by the award on each of the third and fourth anniversaries of the date of grant.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(10)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Awards
vest as to 33% of the shares covered by the award on each of the first three anniversaries of the date of grant, which was December&nbsp;3, 2012.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(11)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Award
vests in full on February&nbsp;1, 2014.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(12)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Award
vests in full on March&nbsp;1, 2014.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(13)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Award
vests in full on August&nbsp;31, 2017.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(14)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Award
vests in full on December&nbsp;3, 2017.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-9pt;'><FONT SIZE=1>(15)</FONT></DT><DD style="font-family:times;"><FONT SIZE=1>Award
vests in full if our Common Stock price (as reported on the NYSE) equals or exceeds $35.00 for any consecutive 20-day period until August&nbsp;6,
2017. The restricted stock units terminate if they do not vest prior to August&nbsp;6, 2017. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>34</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=36,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=998779,FOLIO='34',FILE='DISK129:[13ZCJ1.13ZCJ12401]DK12401A.;11',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dm12401_1_35"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dm12401_2013_option_exercises_and_stock_vested"> </A>
<A NAME="toc_dm12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  2013 OPTION EXERCISES AND STOCK VESTED    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth certain information concerning options and SARs exercised and stock vested during fiscal 2013 for the
Named Executive Officers: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="58pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="55pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="58pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="55pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Option Awards </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Stock Awards </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Shares<BR>
Acquired on<BR>
Exercise<BR>
(#) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Value<BR>
Realized on<BR>
Exercise<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Shares<BR>
Acquired on<BR>
Vesting<BR>
(#)(1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Value<BR>
Realized on<BR>
Vesting<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Brent A. Moen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>38</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,043</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,998</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>129,891</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8,155</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>151,367</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
number of shares acquired on vesting of stock awards includes shares that were forfeited for withholding tax obligations. The number of shares forfeited
for each Named Executive Officer is reported below: </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><BR></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="68pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Shares<BR>
Used to<BR>
Pay Taxes on<BR>
Vested Awards<BR>
(#) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Brent A. Moen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,326</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,838</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><B> Summary of Executive Agreements  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Employment Agreement with Daniel J. Hanrahan, Chief Executive Officer  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are party to an employment agreement dated August&nbsp;31, 2012 (the "Agreement") with our Chief Executive Officer, Daniel J.
Hanrahan. Key provisions in Mr.&nbsp;Hanrahan's Agreement include:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Base Salary</U>&#151;Mr.&nbsp;Hanrahan will receive an annual base salary of $850,000
through June&nbsp;30, 2014. Thereafter, Mr.&nbsp;Hanrahan's base salary will be subject to annual review by the Compensation Committee. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Bonus</U>&#151;Mr.&nbsp;Hanrahan will be eligible for an annual incentive award equal to
125% of his then-current base salary for achievement of target performance, but which may be less than or greater than 125% of his base salary for actual performance that is less than or greater than
target, respectively. Mr.&nbsp;Hanrahan has been guaranteed an award payout equal to 125% of his base salary (i.e.,&nbsp;$1,062,500) for the Company's fiscal year ending June&nbsp;30, 2013. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Long-Term Incentives</U>&#151;Mr.&nbsp;Hanrahan is entitled to participate in the
Company's long-term equity incentive program on the same basis as the Company's other executive officers, with the value of the awards being set annually by the Compensation Committee. For the
Company's </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>35</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=37,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=591820,FOLIO='35',FILE='DISK129:[13ZCJ1.13ZCJ12401]DM12401A.;5',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dm12401_1_36"> </A>
<UL>
<UL>

<P style="font-family:times;"><FONT SIZE=2>fiscal
year ending June&nbsp;30, 2013, he received equity awards with a targeted value of $2,250,000, which consisted of 20% (i.e.,&nbsp;$450,00) restricted stock units, 40%
(i.e.,&nbsp;$900,000) performance unit awards and 40% (i.e.,&nbsp;$900,000) SARs, consistent with the Company's equity compensation program for senior executives for fiscal 2013. </FONT></P>

</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Sign-On Incentives</U>&#151;In addition to his participation in the Company's long-term
equity incentive program, Mr.&nbsp;Hanrahan received two special equity awards upon his commencement of employment. The first grant consists of 118,062 shares of restricted stock that will vest in
full at the end of five years. The second grant consists of 20,000 restricted stock units that will vest if the Company's stock trades at or above $35 for 20 consecutive trading days at some time
during the five year period beginning with his commencement of employment. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Life Insurance and Other Benefits</U>&#151;During Mr.Hanrahan's employment, life insurance
and health and welfare benefits are provided on the same basis as for other executive officers. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Relocation Expenses</U>&#151;In connection with Mr.&nbsp;Hanrahan's appointment as Chief
Executive Officer of the Company and his related relocation from Miami, Florida to Minneapolis, Minnesota, Mr.&nbsp;Hanrahan was entitled to be reimbursed for certain of his relocation expenses
including, in particular: (i)&nbsp;the reasonable costs of moving his household goods and personal effects to the Minneapolis/St.&nbsp;Paul, Minnesota metropolitan area by one or more agreed-upon
vendors; (ii)&nbsp;the reasonable cost for temporary housing for Mr.&nbsp;Hanrahan and his immediate family for up to six months after his employment commencement date; (iii)&nbsp;the actual
costs of Mr.&nbsp;Hanrahan's real estate brokerage and related fees and closing costs in connection with the sale of his primary residence in Miami, Florida; and (iv)&nbsp;an amount equal to
one-half of any loss on the sale of the primary residence in Miami, Florida (provided that the total amount payable with respect to the loss (if any) on the sale of Mr.&nbsp;Hanrahan's primary
residence be capped at $100,000). Mr.&nbsp;Hanrahan was reimbursed a total of $174,555 for relocation expenses in fiscal 2013. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Termination of Employment Payments, Benefits and Other Obligations</U>&#151;The following
section separately addresses benefits provided to Mr.&nbsp;Hanrahan upon death or disability, termination without cause or for good reason, termination for cause or without good reason and
termination after a change in control.  </FONT> <FONT SIZE=2>
<BR><BR></FONT>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Death or Disability. Mr.&nbsp;Hanrahan is entitled to his accrued compensation and obligations, including pro rata bonus
for year of termination. Pursuant to standard provisions for such awards, Mr.&nbsp;Hanrahan will receive full vesting of any unvested stock option, restricted stock/restricted stock units and other
incentive awards.  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Dismissal without Cause within First Three Years of Employment. If Mr.&nbsp;Hanrahan is terminated during the first
three years of his employment, he will receive severance equal to his base salary for the balance of that initial three year term, with a minimum of one year of base salary, and the amount of any
bonus he would have earned in the year of termination (based on actual performance) had he remained employed and the amount of any bonus he would have earned in any subsequent year during the initial
three-year period (based on actual performance and assuming consistent threshold, target and maximum award amounts). He will also be entitled to receive a bonus for the year of termination if he is
terminated after the end of the fiscal year but before payment of the bonus.  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Dismissal without Cause or Resignation for Good Reason After Initial Three Year Period. If Mr.&nbsp;Hanrahan's
employment is terminated without cause or he terminates for good reason after the initial three year term of his employment, he will receive severance in the amount of one times his annual base salary
plus the amount of any bonus he would have earned in the year of termination (based on actual performance) had he remained </FONT></DD></DL>
</DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>36</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=38,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=1002628,FOLIO='36',FILE='DISK129:[13ZCJ1.13ZCJ12401]DM12401A.;5',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dm12401_1_37"> </A>
<UL>
<UL>
<UL>

<P style="font-family:times;"><FONT SIZE=2>employed.
If Mr.&nbsp;Hanrahan's employment is terminated without cause or he terminates for good reason after the initial three year term of his employment, he will also receive up to a maximum of
18&nbsp;months of benefits continuation payments.  </FONT></P>

</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Dismissal for Cause or Resignation without Good Reason. Mr.&nbsp;Hanrahan is entitled to accrued compensation and
obligations where dismissal is for Cause. Severance benefits are not payable in the event of a termination of employment for cause.  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Dismissal without Cause or Resignation for Good Reason in Connection with a Change in Control. If Mr.&nbsp;Hanrahan's
employment is terminated without cause or if he terminates for good reason within 24&nbsp;months following a change of control, then Mr.&nbsp;Hanrahan will receive an amount equal to two times
base salary plus two times the target annual bonus for the year of termination, subject to reduction pursuant to the "best of net" provisions in his employment agreement. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD></DL>
</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Provision for Offset of Severance</U>&#151;The severance payments will be paid over the
course of the severance period and offset by any compensation Mr.&nbsp;Hanrahan receives from other employment during the severance period. The severance payments are also contingent upon signing
and not rescinding a release and complying with certain non-competition and non-solicitation provisions. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Restrictive Covenants</U>&#151;Mr.&nbsp;Hanrahan is subject to restrictive covenants
prohibiting the disclosure or use of confidential information, along with two-year covenants regarding non-competition and non-solicitation of employees. Our remedies for violation of restrictive
covenants include injunctive relief and forfeiture of severance benefits. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Mandatory Arbitration</U>&#151;Disputes arising under Mr.&nbsp;Hanrahan's Employment
Agreement are to be resolved by binding arbitration. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Employment Agreement with Steven M. Spiegel, Executive Vice President and Chief Financial Officer  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are party to an employment agreement dated November&nbsp;28, 2012 (the "Agreement") with our Executive Vice President and Chief
Financial Officer, Steven M. Spiegel. Key provisions in Mr.&nbsp;Spiegel's Agreement include:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Base Salary</U>&#151;Mr.&nbsp;Spiegel received an annual base salary of $400,000 through
June&nbsp;30, 2013. Thereafter, Mr.&nbsp;Spiegel's base salary is subject to annual review by the Compensation Committee. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Bonus</U>&#151;Mr.&nbsp;Spiegel will be eligible for an annual incentive award equal to
50% of his then-current base salary for achievement of target performance, but which may be less than or greater than 125% of his base salary for actual performance that is less than or greater than
target, respectively. Mr.&nbsp;Spiegel has been guaranteed an award payout equal to 50% of his base salary for the Company's fiscal year ending June&nbsp;30, 2013, prorated for the portion of the
fiscal year from December&nbsp;1, 2012 through June&nbsp;30, 2013 (i.e.,&nbsp;$233,333). </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Long-Term Incentives</U>&#151;Mr.&nbsp;Spiegel is entitled to participate in the
Company's long-term equity incentive program on the same basis as the Company's other executive officers, with the value of the awards being set annually by the Compensation Committee. For the
Company's fiscal year ended June&nbsp;30, 2013, he received equity awards with a targeted value of $233,000, which consists of 20% restricted stock units, 40% performance unit awards and 40% SARs. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Sign-On Incentives</U>&#151;In addition to his participation in the Company's long-term
equity incentive program, Mr.&nbsp;Spiegel received a special equity award of restricted stock units having a value equal to $400,000 that will vest in full at the end of five years, provided he is
still employed with the Company on such date. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>37</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=39,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=728151,FOLIO='37',FILE='DISK129:[13ZCJ1.13ZCJ12401]DM12401A.;5',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dm12401_1_38"> </A>
<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Life Insurance and Other Benefits</U>&#151;During Mr.&nbsp;Spiegel's employment, life
insurance and health and welfare benefits are provided on the same basis as for other executive officers. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Commuting Expenses</U>&#151;During his period of employment and continuing until the
earlier of (i)&nbsp;July&nbsp;1, 2016 or (ii)&nbsp;such time as Mr.&nbsp;Spiegel moves his permanent residence from the Chicago, Illinois area to the Minneapolis/St.&nbsp;Paul, Minnesota
metropolitan area, Mr.&nbsp;Spiegel is entitled to be reimbursed for one round-trip airline ticket from Chicago, Illinois to Minneapolis, Minnesota for each week that such travel is completed during
this period. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Relocation Expenses</U>&#151;At such time as Mr.&nbsp;Spiegel moves his permanent
residence from the Chicago, Illinois area to the Minneapolis/St.&nbsp;Paul, Minnesota metropolitan area, Mr.&nbsp;Spiegel is entitled to be reimbursed for certain of his relocation expenses
including, in particular: (i)&nbsp;the reasonable costs of moving his household goods and personal effects to the Minneapolis/St.&nbsp;Paul, Minnesota metropolitan area by one or more agreed-upon
vendors; (ii)&nbsp;the reasonable cost for temporary housing for Mr.&nbsp;Spiegel and his immediate family for up to six months in relation to the relocation; and (iii)&nbsp;the actual costs of
Mr.&nbsp;Spiegel's real estate brokerage and related fees and closing costs in connection with the sale of his primary residence in Chicago, Illinois, provided that the total amount of relocation
expenses payable with respect to Mr.&nbsp;Spiegel's relocation to Minneapolis/St.&nbsp;Paul, Minnesota metropolitan area be capped at $75,000. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Termination of Employment Payments, Benefits and Other Obligations</U>&#151;The following
section separately addresses benefits provided to Mr.&nbsp;Spiegel upon death or disability, termination without cause or for good reason, termination for cause or without good reason and
termination after a change in control.  </FONT> <FONT SIZE=2>
<BR><BR></FONT>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Death or Disability. Mr.&nbsp;Spiegel is entitled to his accrued compensation and obligations, including pro rata bonus
for year of termination. Pursuant to standard provisions for such awards, Mr.&nbsp;Spiegel will receive full vesting of any unvested stock option, restricted stock/restricted stock units and other
incentive awards.  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Dismissal without Cause or Resignation for Good Reason Prior to or More than Twenty Four Months Following a Change In
Control. If Mr.&nbsp;Spiegel is terminated without cause or if he terminates for good reason, he will receive an amount equal to one times his annual base salary plus a prorated portion of any bonus
he would have earned for the year of termination (based on actual performance, or, in the case of fiscal 2013, his guaranteed bonus described above), plus 12&nbsp;months of benefits continuation
coverage. The severance payments are contingent upon signing and not rescinding a release and complying with certain non-competition and non-solicitation provisions.  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Dismissal for Cause or Resignation without Good Reason. Mr.&nbsp;Spiegel is entitled to accrued compensation and
obligations where dismissal is for Cause. Severance benefits are not payable in the event of a termination of employment for cause.  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Dismissal without Cause or Resignation for Good Reason in Connection with a Change in Control. If Mr.&nbsp;Spiegel's
employment is terminated without cause or if he terminates for good reason within 24&nbsp;months following a change of control, then he will receive an amount equal to two times his annual base
salary plus two times the target annual bonus for the year of termination, plus, if such termination is after June&nbsp;30, 2013 but is prior to payment of his fiscal 2013 guaranteed bonus, such
guaranteed bonus, as well as up to 18&nbsp;months of benefits continuation payments, subject to reduction pursuant to the "best of net" provisions in his employment agreement. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD></DL>
</DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Provision for Offset of Severance</U>&#151;The severance payments will be paid over the
course of the severance period and offset by any compensation Mr.&nbsp;Spiegel receives from other employment during the severance period. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>38</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=40,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=236438,FOLIO='38',FILE='DISK129:[13ZCJ1.13ZCJ12401]DM12401A.;5',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dm12401_1_39"> </A>
<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Restrictive Covenants</U>&#151;Mr.&nbsp;Spiegel is subject to restrictive covenants
prohibiting the disclosure or use of confidential information, along with two-year covenants regarding non-competition and non-solicitation of employees. Our remedies for violation of restrictive
covenants include injunctive relief and forfeiture of severance benefits. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Mandatory Arbitration</U>&#151;Disputes arising under Mr.&nbsp;Spiegel's Employment
Agreement are to be resolved by binding arbitration. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Employment Agreements with Remaining Named Executive Officers  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are also party to employment agreements with our Executive Vice President and Chief Administrative Officer (Eric Bakken), our former
Chief Financial Officer (Brent Moen), our Executive Vice President, Merchandising (Norma Knudsen), our Chief Marketing Officer (Heather Passe) and our Chief Information Officer (Doug Reynolds).
Mr.&nbsp;Moen's employment terminated on January&nbsp;4, 2013. Mr.&nbsp;Moen's separation was governed by a separation agreement described below. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
employment agreements for Mr.&nbsp;Bakken, Mr.&nbsp;Moen, Ms.&nbsp;Knudsen, Ms.&nbsp;Passe and Mr.&nbsp;Reynolds are summarized below, including the key differences in
their respective employment agreements:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Base Salary</U>&#151;Base salaries of each executive officer are as determined by the
Committee from time to time. Their fiscal 2013 base salaries were: Mr.&nbsp;Bakken, $450,000; Mr.&nbsp;Moen, $310,000; Ms.&nbsp;Knudsen, $400,000; Ms.&nbsp;Passe, $360,000 and
Mr.&nbsp;Reynolds, $315,000. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Bonus</U>&#151;Each executive officer is eligible for an annual performance bonus as
determined under the provisions of the Short Term Plan. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Long-Term Incentives</U>&#151;Each executive officer is eligible to participate on the
same basis as other executive officers under the Long Term Plan. Equity awards were granted to Mr.&nbsp;Bakken, Mr.&nbsp;Moen, Ms.&nbsp;Knudsen, Ms.&nbsp;Passe and Mr.&nbsp;Reynolds in
fiscal 2013. In addition, Mr.&nbsp;Bakken received a special grant of 9,480 restricted stock units to compensate him for the elimination of certain tax gross-up payments. In connection with
Mr.&nbsp;Moen's termination of employment on January&nbsp;4, 2013, his long-term incentive awards for fiscal 2013 were forfeited as unvested. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Severance Benefits Upon Termination Prior To or More Than Twenty-Four Months Following a Change In
Control</U>&#151;Each executive officer is entitled to severance if the executive officer is terminated without cause or the executive officer terminates for good reason. In that
event, the executive would receive an amount equal to one times annual base salary (or, in the case of a termination of Ms.&nbsp;Passe's employment during the first two years of her employment, one
and one-half times her annual base salary) plus a prorated portion of any bonus the executive officer would have earned for the year of termination (based on actual performance). The executive officer
would also receive up to 12&nbsp;months of benefits continuation payments. The severance payments are also contingent upon signing and not rescinding a release and complying with certain
non-competition and non-solicitation provisions. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Severance Benefits in Connection with a Change In Control</U>&#151;If the executive
officer's employment is terminated without cause or terminates for good reason within 24&nbsp;months following a change of control, then the executive officer receives an amount equal to two times
annual base salary plus two times the target annual bonus for the year of termination. The executive officer would also receive up to 18&nbsp;months of benefits continuation payments. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Provision for Offset of Severance</U>&#151;The severance payments will be paid over the
course of the severance period and offset by any compensation an executive officer receives from other employment during the severance period. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>39</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=41,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=748905,FOLIO='39',FILE='DISK129:[13ZCJ1.13ZCJ12401]DM12401A.;5',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dm12401_1_40"> </A>
<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Retirement Benefits</U>&#151;Pursuant to certain grandfathered provisions of their
employment agreements, upon retirement (at or after age 65), Mr.&nbsp;Bakken, Mr.&nbsp;Moen and Ms.&nbsp;Knudsen are entitled to receive a lump sum cash payment equal to the present value of a
hypothetical annuity of monthly payments which are equal to the greater of $5,000 or 40% of their respective five-year average monthly compensation for the five-year period ending June&nbsp;30, 2012
(i.e.,&nbsp;July&nbsp;1, 2007 through June&nbsp;30, 2012), excluding bonuses (subject to a 20-year vesting schedule), to be paid for 240&nbsp;months. Mr.&nbsp;Bakken's, Mr.&nbsp;Moen's and
Ms.&nbsp;Knudsen's agreements provide that they will be entitled to the fully vested benefit if his or her employment is terminated without Cause or if he or she terminates for Good Reason at any
time, and each executive officer's agreement provides that they will be entitled to the fully vested benefit if his or her employment terminates for any reason other than for Cause within two years of
a Change in Control. Additionally, upon any termination of the executive officer's employment following a Change in Control (except for Cause), he or she receives (i)&nbsp;the same retirement
benefits described below, except that the lump-sum is equal to the sum of the payments due, determined as if he or she is fully vested, and (ii)&nbsp;a lump sum payment of any unpaid amounts
described below under "Life Insurance." </FONT></DD></DL>
</UL>
<UL>
<UL>

<P style="font-family:times;"><FONT SIZE=2>Each
executive officer has the option to elect to receive his or her retirement benefit in the form of the 240&nbsp;monthly payments rather than the lump sum, provided that such election is made in
accordance with the requirements described in their employment agreement and consistent with Code Section&nbsp;409A. In addition to the possibility for reduction based on: (i)&nbsp;the vesting
schedule, and/or (ii)&nbsp;the present value discount for a lump sum payment, an executive's retirement benefit is subject to further discount if paid prior to age 65 (an "Early Retirement"). If
payment is made in connection with an Early Retirement, the hypothetical annuity of 240&nbsp;monthly payments is discounted by first calculating the benefit as an annuity starting at age 65, and
then converting it to an immediate commencement annuity using the yield to maturity of 30-year U.S. Treasury Notes as of June&nbsp;30, 2012 (2.76%). </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>If
any executive officer dies before receiving full payment of his or her retirement benefit, payment will be made in a lump sum or monthly payments will continue, as applicable, to his or her
designated beneficiary (or his or her estate). If any executive officer becomes disabled, he or she will receive monthly payments beginning six months after his disability begins and continuing until
the earlier of his or her death or attainment of age 65, or until he ceases to be disabled, in an amount equal to his monthly benefit. At death or attainment of age 65, he or she (or his or her
beneficiary) will receive the benefit described above under "Retirement Benefits." No retirement benefits are payable in the event of termination of employment for Cause. In connection with his
retirement, Mr.&nbsp;Moen received a lump sum payment of $828,435 on August&nbsp;2, 2013, based on his vested monthly benefit (based on 100% vesting for his years of service) of $7,633 and a
30-year U.S. Treasury Notes rate of 2.76%. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>Under the new employment agreements signed by Mr.&nbsp;Moen, Mr.&nbsp;Bakken and Ms.&nbsp;Knudsen effective August&nbsp;31, 2012, we froze vesting in these retirement
benefits as of June&nbsp;30, 2012, subject to the continued right to full acceleration in the event of termination without Cause or termination for Good Reason, as described above. As indicated, we
also limited the calculation of the monthly benefit to the executive's five-year average monthly base salary as of June&nbsp;30,
2012.</I></B></FONT></P>

</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Life Insurance</U>&#151;We have agreed to pay premiums for a total of ten years on the
existing policies insuring the lives of certain of our executive officers who were entitled to such benefits and were employed by the Company as of June&nbsp;30, 2012. In connection with his
termination from employment on January&nbsp;4, 2013, no payments were made by the Company in fiscal 2013 on the policy for Mr.&nbsp;Moen. In addition, prior to fiscal 2013, the tenth and final
payment had been made on the policy for Ms.&nbsp;Knudsen, and therefore the Company's commitment with respect to such policy payments has been satisfied. As of June&nbsp;30, 2013, we have made the
following </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>40</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=42,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=443313,FOLIO='40',FILE='DISK129:[13ZCJ1.13ZCJ12401]DM12401A.;5',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dm12401_1_41"> </A>
<UL>
<UL>

<P style="font-family:times;"><FONT SIZE=2>number
of payments on the policy for Mr.&nbsp;Bakken: seven payments on one policy and nine payments on a second policy. As of June&nbsp;30, 2013, the aggregate face amount of Mr.&nbsp;Bakken's
policies is approximately $3.2&nbsp;million. In addition, if Mr.&nbsp;Bakken's employment terminates for any reason other than for Cause within two years of a Change in Control, he is entitled to
a lump sum payment of any unpaid life insurance premium amounts. </FONT></P>

</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Health, Welfare and Other Benefits</U>&#151;During each executive officer's employment,
health and welfare benefits are provided on the same basis as for other executive officers. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Restrictive Covenants</U>&#151;The executive officers are subject to a 24-month
non-compete and non-solicitation restrictive covenants. Our remedies for violation of the restrictive covenant include our ability to cease making further payments of retirement and severance
benefits. Under the new employment agreements with the executive officers, severance payments will be made over time, as opposed to payment in a lump sum, which provides enhanced enforceability of the
restrictive covenants. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Mandatory Arbitration</U>&#151;Disputes arising under the executive officers' employment
agreements are to be resolved by binding arbitration. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Definitions under Executive Agreements  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain of the terms used in the executive agreements as in effect during fiscal 2013 are defined
below:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Cause</U>&#151;Acts resulting in a felony conviction that is materially detrimental to the
financial interests of the Company; willful nonperformance by the executive of his material employment duties (other than by reason of physical or mental incapacity) after reasonable notice to the
executive and reasonable opportunity (not less than 30&nbsp;days) to cease such non-performance; or willful engagement in fraud or gross misconduct that is materially detrimental to the financial
interests of the Company. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Change in Control</U>&#151;A person is or becomes the beneficial owner of 20% or more of
the outstanding common stock or outstanding voting securities of the Company; consummation of a merger or consolidation of the Company, a statutory share exchange or an acquisition of all or
substantially all of the Company's assets unless the beneficial owners of the Company's outstanding voting securities immediately prior to the transaction beneficially own more than 50% of the voting
power of the outstanding voting securities of the surviving entity in substantially the same proportions; or the incumbent directors cease to constitute at least a majority of the Board. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Good Reason</U>&#151;Assignment to the executive of duties inconsistent with his status or
any adverse alteration in the executives reporting responsibilities, titles or offices; a material reduction of the executive's base salary; failure by the Company to continue any compensation plan,
bonus or incentive plan; material breach of the agreement by the Company; requirement that the executive's principal place of employment be relocated by more than 30 miles from the Company's current
address; or the Company's failure to obtain an agreement from any successor entity to assume the Company's obligations under the agreement. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Disability</U>&#151;Physical or mental disability or health impairment that prevents the
effective performance by the executive of his duties on a full time basis. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Separation Agreement with Brent Moen, Former Chief Financial Officer  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As referenced above, Mr.&nbsp;Moen's employment with the Company was terminated effective as of January&nbsp;4, 2013. In connection
with such termination, we have entered into a Separation and </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>41</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=43,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=802,FOLIO='41',FILE='DISK129:[13ZCJ1.13ZCJ12401]DM12401A.;5',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dm12401_1_42"> </A>

<P style="font-family:times;"><FONT SIZE=2>Non-Disparagement
Agreement and General Release with Mr.&nbsp;Moen, the key provisions of which are described below. The separation agreement merely restated the terms of his prior employment
agreement as they pertained to termination of Mr.&nbsp;Moen's employment. The separation agreement did not provide any additional or accelerated benefits from what he was entitled to receive under
his employment agreement. </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Severance Compensation</U>&#151;Mr.&nbsp;Moen received severance compensation of
$310,000 in 12 equal monthly installments commencing after the release rescission period. The severance amount represents one year of Mr.&nbsp;Moen's base salary exclusive of his perquisite
allowance amount ordinarily included as base salary. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Bonus</U>&#151;Mr.&nbsp;Moen was entitled to receive a bonus payment pursuant to the
Short Term Plan for fiscal 2013, prorated for a period of seven months during which Mr.&nbsp;Moen was employed, with payment made at the same time as payments were made to all eligible executives.
No bonus payment was made to Mr.&nbsp;Moen for fiscal 2013 as the Company failed to meet the performance goals established for a payout under the Short Term Plan for fiscal 2013. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Long-Term and Equity Incentives</U>&#151;Pursuant to the terms of the Long Term Plan,
Mr.&nbsp;Moen's unvested restricted stock, restricted stock units, performance unit, stock option and stock appreciation right awards were forfeited. Under the terms of the Long Term Plan,
Mr.&nbsp;Moen was allowed to exercise his vested, unexercised stock options and SARs for a period of 90&nbsp;days following his termination date. During such 90-day period, Mr.&nbsp;Moen
exercised 640 SARs and was issued 38 shares of the Company's Common Stock. Other than the 640 exercised SARs, all remaining options and SARs expired unexercised prior to June&nbsp;30, 2013. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Retirement Benefits</U>&#151;Pursuant to the terms of Mr.&nbsp;Moen's employment
agreement with us, Mr.&nbsp;Moen received a lump sum cash payment of his retirement benefit (see discussion under the supplemental retirement benefit portion of the "Retirement Plans and
Arrangements" section below) based on a fully vested monthly benefit, discounted as provided under the terms of his employment agreement and paid the first day of the seventh month following the
termination date. In connection with his termination from employment with the Company on January&nbsp;4, 2013, Mr.&nbsp;Moen's retirement benefit was paid to him on August&nbsp;2, 2013 in the
amount of $828,435. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Health and Welfare Benefits</U>&#151;We agreed to reimburse Mr.&nbsp;Moen for the
employer portion of Mr.&nbsp;Moen's COBRA premiums for health and dental for a period of 12&nbsp;months, provided that such reimbursement will cease if Mr.&nbsp;Moen were to become eligible for
health or dental under another employer's plan or under certain other circumstances. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><U>Covenants</U>&#151;As part of the separation agreement, Mr.&nbsp;Moen is subject to a
general non-disparagement clause, a release of legal claims against the Company, and 24-month non-compete and non-solicitation restrictive covenants. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Retirement Plans and Arrangements  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Historically, we have provided the Named Executive Officers with participation in a nonqualified supplemental retirement benefit and
the Executive Retirement Savings Plan. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><U>Nonqualified Supplemental Retirement Benefit:</U>&nbsp;&nbsp;&nbsp;&nbsp;Prior to fiscal 2013, we offered senior executives a nonqualified
supplemental executive retirement benefit that is funded through key personal life insurance policies. The retirement benefit is included within the terms of an executive's employment agreement with
the Company and provides for a lump sum payment upon retirement in an amount equal to the present value of a hypothetical annuity of 240&nbsp;monthly payments which are equal to the executive's
vested percentage multiplied by the greater of (i)&nbsp;40% of the executive's average monthly compensation for the 60-month period preceding June&nbsp;30, 2012 and (ii)&nbsp;$5,000. The present
value of </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>42</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=44,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=878501,FOLIO='42',FILE='DISK129:[13ZCJ1.13ZCJ12401]DM12401A.;5',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dm12401_1_43"> </A>

<P style="font-family:times;"><FONT SIZE=2>the
annuity is determined using an interest rate equal to the yield to maturity of 30-year U.S. Treasury Notes as of June&nbsp;30, 2012 (2.76%). An executive's vested percentage is determined under
a 20-year vesting schedule based on the executive's completed years of service, with vesting commencing at 5% after seven years of service and the executive becoming fully vested after 20&nbsp;years
of service. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
their employment agreements, executives had the option to elect to receive their retirement benefit in the form of an annuity (i.e.,&nbsp;the 240&nbsp;monthly payments) rather
than the lump sum, provided that such election be made in accordance with the requirements described in their employment agreement. With regard to the employment agreements with a supplemental
retirement benefit, all of the executives who have such an agreement have elected to receive their benefit in the form of a lump sum. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition to the possibility for reduction based on: (i)&nbsp;the vesting schedule, and/or (ii)&nbsp;the present value discount for a lump sum payment, an executive's retirement
benefit is subject to further discount if paid prior to age 65 (an "Early Retirement"). If payment is made in connection with an Early Retirement, the hypothetical annuity of 240&nbsp;monthly
payments is discounted by first calculating the benefit as an annuity starting at age 65, and then converting it to an immediate commencement annuity using the yield to maturity of 30-year U.S.
Treasury Notes as of June&nbsp;30, 2012 (2.76%). Subject to timing requirements as set forth in the executive's employment agreement, executives have the option
to elect, at least 12&nbsp;months prior to their Early Retirement, to defer receipt of their retirement benefit, and therefore to receive a larger benefit. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
nonqualified supplemental retirement benefit was designed to recognize long-term service with Regis and as a retention tool through the vesting schedule and discounting provisions.
The nonqualified supplemental retirement benefit is forfeited upon an executive's termination for Cause (as defined in the executive's employment agreement). For Mr.&nbsp;Moen, Mr.&nbsp;Bakken and
Ms.&nbsp;Knudsen, any termination of their employment without Cause or for Good Reason (each as defined in the executive's employment agreement) will result in the executive becoming fully vested in
the entire benefit. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Effective June&nbsp;30, 2012, we froze the supplemental retirement benefit. Executives who were not vested in any portion of their retirement benefit on such
date will never vest in that benefit. In addition, executives with vested benefits had their benefits frozen such that they will not be entitled to further vesting credit for continued employment and
the calculation of the benefit payable will be based on the 60-month period preceding June&nbsp;30, 2012 (as opposed to the 60-month period preceding the date of termination). We also froze the
interest rate used to calculate the present value of the annuity at the yield to maturity of 30-year U.S. Treasury Notes at June&nbsp;30, 2012. Any new executives employed on or after
June&nbsp;30, 2012 do not receive this benefit.</I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><U>Executive Retirement Savings Plan:</U>&nbsp;&nbsp;&nbsp;&nbsp;Named Executive Officers are eligible to defer some or all of their annual salary
and/or annual non-equity incentive compensation (i.e.,&nbsp;bonus) into our Executive Retirement Savings Plan, a nonqualified deferred compensation plan. Executives may defer up to 100% of their
annual compensation, including bonus. Elections to defer compensation under the Executive Retirement Savings Plan are made annually, prior to the beginning of the year in which the deferred
compensation is earned. Employer contributions under the Executive Retirement Savings Plan for our Named Executive Officers include a 25% match on up to a maximum of $100,000 in deferred compensation
and a discretionary annual profit sharing contribution. We deposit the deferred amounts and employer contributions into a trust for the benefit of plan participants. In accordance with tax laws, the
assets of the trust are subject to claims of the Company's creditors. Participant account balances are deemed invested as the executive directs, from time to time, among the investment alternatives
offered. Subject to compliance with applicable tax requirements (including, without limitation, Code Section&nbsp;409A), executives may elect the distribution date for salary and bonus deferrals.
However, employer profit sharing contributions are distributed only upon termination of employment. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>43</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=45,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=92193,FOLIO='43',FILE='DISK129:[13ZCJ1.13ZCJ12401]DM12401A.;5',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_do12401_1_44"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="do12401_pension_benefits_in_2013"> </A>
<A NAME="toc_do12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  PENSION BENEFITS IN 2013    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth certain information concerning pension benefits for the Named Executive Officers for fiscal 2013: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:54%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"150%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="150%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="41pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="139pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="77pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="73pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="58pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:31pt;"><FONT SIZE=1><B>Name(1)

<!-- COMMAND=ADD_SCROPPEDRULE,31pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Age at<BR>
June&nbsp;30,<BR>
2013 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Plan Name(2) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Years of<BR>
Credited Service<BR>
(#)(3) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Present Value<BR>
of Accumulated<BR>
Benefit<BR>
($)(4) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Payments<BR>
During Last<BR>
Fiscal Year<BR>
($)(5) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Brent A. Moen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>46</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>Employment Agreement</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>20</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>828,435</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>46</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>Employment Agreement</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>19.5</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>767,825</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>55</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>Employment Agreement</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>18</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,039,882</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Messrs.&nbsp;Hanrahan,
Spiegel and Reynolds and Ms.&nbsp;Passe do not participate in the Company's pension benefits program as it was frozen prior to
the commencement of their employment.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Retirement
benefits provided under the applicable employment agreement for each Named Executive Officer as described above under "Summary of Executive
Agreements."
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
number of years of credited service for Mr.&nbsp;Moen reflects the acceleration of his pension benefit in connection with the termination of his
employment (as compared to his actual years of service of 11.5&nbsp;years as of his termination). The number of years of credited service shown for Mr.&nbsp;Bakken and Ms.&nbsp;Knudsen represent
their actual years of service; however, for purposes of determining the value of their accumulated benefit, their years of credited service were frozen at&nbsp;18.5 and 17&nbsp;years,
respectively, as described above.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Present
value of pension benefits for Mr.&nbsp;Moen reflects the actual payout amount due to his termination of employment prior to June&nbsp;30, 2013.
Present value of pension benefits for Mr.&nbsp;Bakken and Ms.&nbsp;Knudsen are calculated based on the following assumptions: (i)&nbsp;freezing of the pension benefits as described above under
"Summary of Executive Agreements&#151;</FONT><FONT SIZE=2><I>Retirement Plans and Arrangements</I></FONT><FONT SIZE=2>," (ii)&nbsp;expected retirement age of the later of
(A)&nbsp;June&nbsp;30, 2013 or (B)&nbsp;age&nbsp;65, which is the earliest time a participant may retire without any benefit reduction due to age, and (iii)&nbsp;discount rate of 2.76%.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(5)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>For
information about payments made or to be made subsequent to fiscal 2013 to Mr.&nbsp;Moen, see "Summary of Executive
Agreements&#151;</FONT><FONT SIZE=2><I>Separation Agreement with Brent Moen, Former Chief Financial Officer."</I></FONT></DD></DL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>44</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=46,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=969761,FOLIO='44',FILE='DISK129:[13ZCJ1.13ZCJ12401]DO12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_do12401_1_45"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="do12401_nonqualified_deferred_compensation_for_2013"> </A>
<A NAME="toc_do12401_2"> </A>
<BR></FONT><FONT SIZE=2><B>  NONQUALIFIED DEFERRED COMPENSATION FOR 2013    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth certain information concerning nonqualified deferred compensation under our Executive Retirement Savings
Plan for the Named Executive Officers for fiscal 2013: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:67%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"120%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="120%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="51pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="63pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="58pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name


<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Executive<BR>
Contributions<BR>
in Last FY<BR>
($)(1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Registrant<BR>
Contributions<BR>
in Last FY<BR>
($)(1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Aggregate<BR>
Earnings<BR>
in Last FY<BR>
($)(1)(2) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Aggregate<BR>
Withdrawals/<BR>
Distributions<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Aggregate<BR>
Balance<BR>
at Last FYE<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>145,839</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(2,651</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>180,688</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>45,833</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>58,334</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Brent A. Moen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>24,969</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,550</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>22,700</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(96,326</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>195,751</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>154,167</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,029</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(125,006</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>250,346</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7,196</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,640</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(36,502</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>223,107</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>48,625</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13,281</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(141</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>61,765</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>62,875</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>15,750</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,816</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(44,234</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>36,207</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
following amounts of contributions and earnings reflected in the table above have been reported in the current year or prior years' Summary Compensation
Tables as follows: </FONT></DD></DL>
 <DIV style="padding:0pt;position:relative;width:57%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"140%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="140%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="73pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="45pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="68pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="67pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="97pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Current Year Summary Compensation Table </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Total Amount<BR>
Reported in<BR>
Current or<BR>
Prior Summary<BR>
Compensation<BR>
Tables<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Salary<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Non-Equity<BR>
Incentive Plan<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Above-Market<BR>
Earnings<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Company Match and<BR>
Profit-Sharing<BR>
Contribution in<BR>
All Other<BR>
Compensation<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>183,339</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>145,839</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>58,333</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>45,833</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Brent A. Moen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>224,801</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>24,969</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,550</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>316,667</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>154,167</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>58,186</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7,196</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>61,906</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>48,625</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13,281</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>78,625</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>62,875</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>15,750</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>45</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=47,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=361155,FOLIO='45',FILE='DISK129:[13ZCJ1.13ZCJ12401]DO12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_do12401_1_46"> </A>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
measurement funds available under the Executive Retirement Savings Plan as of June&nbsp;30, 2013, and their annualized returns as of June&nbsp;30,
2013, were as follows: </FONT></DD></DL>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:51pt;"><FONT SIZE=1><B>Name of Fund

<!-- COMMAND=ADD_SCROPPEDRULE,51pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Rate of<BR>
Return(%) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>American Beacon Large Cap Value Plan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>26.95</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Contrafund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>16.79</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Spartan U.S. Bond Index Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(0.93</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Turner Midcap Growth Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13.49</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Midcap Value Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>29.76</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2000 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.55</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Columbia Acorn USA Fund-Class&nbsp;Z</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>20.18</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Wells Fargo Small Cap Value Fund-Class&nbsp;Z</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>11.43</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity International Discovery Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>20.38</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Spartan International Index Fund-Investor Class</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>18.68</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Spartan Extended Market Index-Investor Class</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25.39</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Spartan 500 Index Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>20.55</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>MFS Massachusetts Investors Trust Class R3</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>23.01</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Regis Corporation Common Stock Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(7.34</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Pimco Total Return Fund-Administrative Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0.95</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2005 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6.09</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2010 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7.92</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2015 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8.15</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2020 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>9.16</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2025 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>11.28</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2030 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>11.97</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2035 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13.73</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2040 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13.95</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2045 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14.53</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2050 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14.64</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom 2055 Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>15.18</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Money Market Trust Retirement Portfolio</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0.01</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fidelity Freedom Income Fund</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.53</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>46</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=48,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=605134,FOLIO='46',FILE='DISK129:[13ZCJ1.13ZCJ12401]DO12401A.;10',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dq12401_1_47"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dq12401_potential_payments_upo__dq102385"> </A>
<A NAME="toc_dq12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  Potential Payments Upon Termination or Change in Control    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The tables that follow describe potential payments and benefits provided to our NEOs or their beneficiaries under the employment
agreements, plans and arrangements in existence at June&nbsp;30, 2013 under various scenarios involving a termination of employment and/or a change in control, and assuming that the termination or
change in control event(s) occurred on June&nbsp;30, 2013. The agreements are described in more detail above under "Summary of Executive Agreements." The following presentation has been keyed to the
following events upon which an NEO or their beneficiaries would be entitled to a payment or benefit:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Voluntary termination or involuntary termination not related to a change in control; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Termination due to death; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Termination due to disability; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>A change in control not involving an employment termination; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Involuntary termination or voluntary termination after a change in control. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>Unless
otherwise specified, an "involuntary termination" for these purposes includes a termination by the NEO for "Good Reason," but does not include a termination for "Cause." A "voluntary
termination" refers to a termination by the NEO other than for "Good Reason." "Cause" and "Good Reason" for these purposes have the meanings described above under "Definitions under Executive
Agreements." </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because
the employment of Mr.&nbsp;Moen terminated during fiscal 2013, information has only been provided based on his actual termination event. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I> Voluntary Termination Not Related to Change in Control  </I></B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Enhanced/<BR>
Accelerated<BR>
Retirement<BR>
Benefits(1)($) </B></FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,017,412</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,202,241</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Amounts
represent a lump sum cash payment equal to the present value of a hypothetical annuity of 240&nbsp;monthly payments (the monthly benefit described
above under the section titled "Summary of Executive Agreements&#151;</FONT><FONT SIZE=2><I>Retirement Plans and Arrangements</I></FONT><FONT SIZE=2>"), calculated using a 2.76% rate of
interest. </FONT></DD></DL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>47</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=49,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=781031,FOLIO='47',FILE='DISK129:[13ZCJ1.13ZCJ12401]DQ12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dq12401_1_48"> </A>

<P style="font-family:times;"><FONT SIZE=2><B><I> Involuntary Termination Not Related to Change in Control  </I></B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:62%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"130%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="130%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="73pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="79pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Severance(1)($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Medical and<BR>
Dental<BR>
Insurance<BR>
Benefits(2)($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Life<BR>
Insurance<BR>
Benefits(3)($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Enhanced/<BR>
Accelerated<BR>
Retirement<BR>
Benefits(4)($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Accelerated<BR>
Vesting of Equity<BR>
Awards(5)($) </B></FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,010,938</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,303</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>516,111</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,711</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Brent A. Moen(6)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>310,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,911</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>828,435</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>450,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,711</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>212,572</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,196,955</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>204,396</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>400,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,717,487</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>540,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7,769</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>315,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
amount represents a cash payment equal to one times annual base salary (one and one-half times annual base salary for Ms.&nbsp;Passe during her first
two years of employment). For Messrs.&nbsp;Hanrahan and Spiegel, includes guaranteed cash payments as described under the "Summary of Executive Agreements" section of this Proxy Statement. For
Mr.&nbsp;Hanrahan, target incentive payouts are assumed for future years, as actual performance levels are unknown. Other possible severance totals for Mr.&nbsp;Hanrahan include $1,782,639 if
incentive payouts are $0 each year, $2,306,289 if incentive payouts are at threshold each year, and $6,239,236 if incentive payouts are at maximum each year. An executive whose employment terminates
in the middle of a fiscal year is also entitled to a prorated portion of any bonus the executive officer would have earned for the year of termination (based on actual performance). For fiscal 2013,
Mr.&nbsp;Moen received no prorated bonus because actual performance did not result in a payout (and, similarly, the severance amounts shown for the other executive officers does not include any
amounts related to such bonus).
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
amount represents the estimated medical and dental insurance premiums for the applicable benefits continuation period (18&nbsp;months for
Mr.&nbsp;Hanrahan and 12&nbsp;months for other executive officers).
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
amount represents a lump sum cash payment equal to the sum of all unpaid life insurance premium payments as described under the "Summary of Executive
Agreements&#151;Employment Agreements with Remaining Named Executive Officers&#151;</FONT><FONT SIZE=2><I>Life Insurance</I></FONT><FONT SIZE=2>" section of this Proxy Statement.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
amounts represent a lump sum cash payment equal to the present value of a hypothetical annuity of 240&nbsp;monthly payments (the monthly benefit
described above under the section titled "Summary of Executive Agreements&#151;</FONT><FONT SIZE=2><I>Retirement Plans and Arrangements</I></FONT><FONT SIZE=2>") calculated using a 2.76% rate
of interest. In connection with his termination from employment with the Company on January&nbsp;4, 2013, Mr.&nbsp;Moen's retirement benefit was paid to him on August&nbsp;2, 2013 as a lump sum
cash payment in the amount of $828,435.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(5)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Amounts
represent the intrinsic value of one restricted stock award as of June&nbsp;30, 2013 for which vesting would be accelerated. The value entered for
restricted stock is the number of shares for which vesting would be accelerated multiplied by $16.42.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(6)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Because
Mr.&nbsp;Moen's employment terminated during fiscal 2013, the amounts reported for Mr.&nbsp;Moen are the actual amounts he has received or will
receive pursuant to the terms of his separation agreement with the Company. For additional information on the separation agreement with Mr.&nbsp;Moen, see "Summary of Executive
Agreements&#151;</FONT><FONT SIZE=2><I>Separation Agreement with Brent Moen, Former Chief Financial Officer</I></FONT><FONT SIZE=2>" above. </FONT></DD></DL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>48</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=50,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=29978,FOLIO='48',FILE='DISK129:[13ZCJ1.13ZCJ12401]DQ12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dq12401_1_49"> </A>

<P style="font-family:times;"><FONT SIZE=2><B><I> Termination Due to Death  </I></B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="79pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="60pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="69pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Accelerated<BR>
Vesting of Equity<BR>
Awards(1)($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Survivor<BR>
Benefit(2)($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Life Insurance<BR>
Benefits(3)($) </B></FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,713,389</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>448,709</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>540,847</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,913,512</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>212,572</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>221,602</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,160,853</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,027</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,027</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Amounts
represent the intrinsic value of SAR, option and restricted stock awards as of June&nbsp;30, 2013 for which the vesting would be accelerated. The
value entered for options and SARs is based on the difference between $16.42, the closing price of the Company's Common Stock on June&nbsp;28, 2013 on the NYSE, and the option or SAR exercise price.
The value entered for restricted stock is the number of shares for which vesting would be accelerated multiplied by $16.42.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Amounts
represent a lump sum cash payment equal to the present value of a hypothetical annuity of the fully vested, unreduced monthly retirement benefit
(described above under the section titled "Summary of Executive Agreements&#151;</FONT><FONT SIZE=2><I>Retirement Plans and Arrangements</I></FONT><FONT SIZE=2>") payable to a beneficiary for
240&nbsp;months calculated using a 2.76% rate of interest.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
amount represents a lump sum cash payment equal to the sum of all unpaid life insurance premium payments as described under the "Summary of Executive
Agreements&#151;Employment Agreements with Remaining Named Executive Officers&#151;</FONT><FONT SIZE=2><I>Life Insurance</I></FONT><FONT SIZE=2>" section of this Proxy Statement. </FONT></DD></DL>


<P style="font-family:times;"><FONT SIZE=2><B><I> Termination Due to Disability  </I></B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="79pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="69pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Accelerated<BR>
Vesting of Equity<BR>
Awards(1)($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Enhanced/<BR>
Accelerated<BR>
Retirement<BR>
Benefits(2)($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Life Insurance<BR>
Benefits(3)($) </B></FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,713,389</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>448,709</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>540,847</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,612,543</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>212,572</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>221,602</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,201,483</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,027</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,027</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Amounts
represent the intrinsic value of SAR, option and restricted stock awards as of June&nbsp;30, 2013 for which the vesting would be accelerated. The
value entered for options and SARs is based on the difference between $16.42, the closing price of our Common Stock on June&nbsp;28, 2013 on the NYSE, and the option or SAR exercise price. The value
entered for restricted stock is the number of shares for which vesting would be accelerated multiplied by $16.42.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Amounts
represent the lump sum cash payment equal to the sum of (i)&nbsp;the present value of the monthly retirement benefit payable commencing six months
after the period of disability begins and continuing until the executive attains age 65 (assuming survival to age 65); plus (ii)&nbsp;the present value of a hypothetical annuity of 240&nbsp;month
payments commencing at age 65 (the monthly benefit described in the section titled "Summary of Executive Agreements&#151;</FONT><FONT SIZE=2><I>Retirement Plans and
Arrangements</I></FONT><FONT SIZE=2>") calculated using a 2.76% rate of interest. </FONT></DD></DL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>49</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=51,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=473707,FOLIO='49',FILE='DISK129:[13ZCJ1.13ZCJ12401]DQ12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dq12401_1_50"> </A>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
amount represents a lump sum cash payment equal to the sum of all unpaid life insurance premium payments as described under the "Summary of Executive
Agreements&#151;Employment Agreements with Remaining Named Executive Officers&#151;</FONT><FONT SIZE=2><I>Life Insurance</I></FONT><FONT SIZE=2>" section of this Proxy Statement. </FONT></DD></DL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Change in Control  </I></B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="72pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Accelerated<BR>
Vesting of<BR>
Existing Equity<BR>
Awards(2)($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,713,389</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>448,709</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>540,847</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>221,602</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,027</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,027</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Amounts
represent the intrinsic value of SAR, option and restricted stock awards as of June&nbsp;30, 2013 for which the vesting would be accelerated. The
values entered for options and SARs are based on the difference between $16.42, the closing price of our Common Stock on June&nbsp;28, 2013 on the NYSE, and the option or SAR exercise price. The
value entered for restricted stock is the number of shares for which vesting would be accelerated multiplied by $16.42. </FONT></DD></DL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Termination After Change in Control  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As disclosed in the immediately preceding table, certain payments and benefits would be made available to the NEOs regardless of
whether a termination of employment also occurs. The two tables below describe additional payments and benefits that would be provided under certain circumstances if an NEO's employment terminates
after (generally within two years) a change in control. For presentation purposes, such a termination of employment is deemed to occur on June&nbsp;30, 2013, concurrently with the change in control. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Involuntary Termination After Change in Control  </I></B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="60pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="69pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Severance(1)<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Medical and<BR>
Dental<BR>
Insurance<BR>
Benefits(2)($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Life Insurance<BR>
Benefits(3)($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Enhanced/<BR>
Accelerated<BR>
Retirement<BR>
Benefits(4)($) </B></FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,816,252</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,303</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,091,702</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>16,066</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,346,913</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>16,066</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>212,572</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,196,955</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,040,852</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>16,336</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,717,487</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,041,612</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>11,654</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>699,869</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Amount
shown is a lump sum payment equal to two times annual base salary plus two times the target annual bonus for the year of termination. Under Code
Section&nbsp;280(g), executives will incur an excise tax on portions of these payments if the parachute value of payments exceeds a specified threshold. In the event that this excise tax is
triggered by the payments due upon an involuntary termination after a change in control, the Company will determine, pursuant to the terms of the executives' employment agreements, whether the
executive is better off receiving the full payment due and paying the excise tax, or receiving a reduced payment that falls just below the excise tax </FONT></DD></DL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>50</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=52,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=296907,FOLIO='50',FILE='DISK129:[13ZCJ1.13ZCJ12401]DQ12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dq12401_1_51"> </A>
<UL>

<P style="font-family:times;"><FONT SIZE=2>threshold,
which is referred to as a "best of net" provision. For these hypothetical payments as of June&nbsp;30, 2013, the severance amounts for Messrs.&nbsp;Spiegel and Reynolds and
Ms.&nbsp;Knudsen have been reduced to avoid triggering the excise tax.  </FONT></P>

</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
amount represents the estimated medical and dental insurance premiums for the applicable benefits continuation period (18&nbsp;months).
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
amounts represent a lump sum cash payment equal to the sum of all unpaid life insurance premium payments as described under the "Summary of Executive
Agreements&#151;Employment Agreements with Remaining Named Executive Officers&#151;</FONT><FONT SIZE=2><I>Life Insurance</I></FONT><FONT SIZE=2>" section of this Proxy Statement.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
amounts represent a lump sum cash payment equal to the present value of a hypothetical annuity of the monthly retirement benefit payable to his or her
beneficiary for 240&nbsp;months calculated using a 2.76% rate of interest. </FONT></DD></DL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Voluntary Termination After Change in Control  </I></B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Enhanced/<BR>
Accelerated<BR>
Retirement<BR>
Benefits(1)($) </B></FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,196,955</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,717,487</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>N/A</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
amounts represent a lump sum cash payment equal to the present value of a hypothetical annuity of the monthly retirement benefit payable to his or her
beneficiary for 240&nbsp;months calculated using a 2.76% rate of interest. </FONT></DD></DL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>51</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=53,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=40905,FOLIO='51',FILE='DISK129:[13ZCJ1.13ZCJ12401]DQ12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_ds12401_1_52"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ds12401_2013_director_compensation_table"> </A>
<A NAME="toc_ds12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  2013 Director Compensation Table    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation of our directors is reviewed and determined by the Board on an annual basis, with consideration given to industry
comparisons of directors' compensation. A portion of director compensation is linked to our stock performance in the form of equity awards. Employee directors do not receive any cash or other
compensation for their services as directors. Each of the cash compensation and the equity compensation for non-employee directors who serve during only a portion of a fiscal year is prorated. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
fiscal 2012, the Compensation Committee retained Towers Watson to conduct a market review of our non-employee director compensation. In connection with that review, the
Compensation Committee approved certain changes to our non-employee director compensation, which are summarized below:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The annual cash retainer was reduced from $75,000 to $70,000; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The annual cash retainer for the chairman of the Audit Committee was increased from $10,000 to $15,000; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Annual cash retainers of $10,000 and $7,500 were approved for the chairs of the Compensation Committee and the Nominating
and Corporate Governance Committee, respectively; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The equity component was changed from 7,000 shares of restricted stock to a deferred stock unit valued at $90,000, which
vests monthly over a period of one year and does not pay out until the director leaves the Board; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The additional compensation payable to our independent Chairman of the Board was set at $85,000, with such amount paid in
the form of deferred stock units that vest monthly over a period of one year and do not pay out until the Chairman leaves the Board. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, to compensate Mr.&nbsp;Conner for his additional work as independent Chairman of the Board during the Company's period of transition, which included his additional work
related to our CEO transition and integration, Mr.&nbsp;Conner received $15,000 per month, paid in the form of restricted stock units that vest monthly over a period of one year, and which payments
were made while the CEO succession/integration took place. These payments were discontinued effective January 2013, with the last payment occurring December&nbsp;31, 2012. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table shows, for each of the non-employee directors, information concerning annual and long-term compensation earned for services in all capacities during the fiscal year
ended June&nbsp;30, 2013. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:73%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"110%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="110%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="107pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="67pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="45pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fees Earned or Paid in<BR>
Cash($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Stock Awards<BR>
($)(1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>All Other<BR>
Compensation<BR>
($)(2) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Total($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel G. Beltzman(3)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>64,167</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>64,167</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Joseph L. ("Joel") Conner</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>73,750</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>202,373</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8,218</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>284,341</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>James P. Fogarty</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>75,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>89,995</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,834</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>166,829</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Michael J. Merriman</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>73,750</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>89,995</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,834</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>165,579</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Jeffrey C. Smith</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>70,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>89,995</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,834</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>161,829</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Stephen E. Watson</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>75,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>152,635</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,033</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>232,668</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>David P. Williams</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>85,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>89,995</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,834</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>176,829</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Values
expressed represent the aggregate grant date fair value of stock awards granted during fiscal 2013, as computed in accordance with FASB ASC Topic
718, based on the closing stock price on the grant date. See Note&nbsp;12 to our consolidated financial statements included in our Annual </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>52</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=54,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=321686,FOLIO='52',FILE='DISK129:[13ZCJ1.13ZCJ12401]DS12401A.;4',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_ds12401_1_53"> </A>
 <DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <UL>

<P style="font-family:times;"><FONT SIZE=2>Report
on Form&nbsp;10-K for the fiscal year ended June&nbsp;30, 2013 for a description of the assumptions used in calculating these amounts.  </FONT></P>

</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
dividends paid on restricted stock awards and restricted stock units.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Mr.&nbsp;Beltzman
declined to accept his deferred stock unit grant. </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table shows, for each of our non-employee directors, the aggregate number of stock and option awards outstanding as of June&nbsp;30, 2013: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="124pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="117pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name


<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Aggregate Stock Awards<BR>
Outstanding as of 06/30/13<BR>
(#) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Aggregate Option Awards<BR>
Outstanding as of<BR>
06/30/13(#) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel G. Beltzman</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Joseph L. ("Joel") Conner</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>38,038</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>James P. Fogarty</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,314</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Michael J. Merriman</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,314</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Jeffrey C. Smith</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,314</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Stephen E. Watson</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>22,297</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>David P. Williams</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,314</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ds12401_advances_of_defense_co__ds102312"> </A>
<A NAME="toc_ds12401_2"> </A>
<BR></FONT><FONT SIZE=2><B>  ADVANCES OF DEFENSE COSTS FOR CERTAIN LITIGATION MATTERS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain members of the Company's current Board, certain former Board members and certain former officers have been named as defendants
in a lawsuit alleging breaches of fiduciary duties to the Company in connection with approval of certain executive compensation arrangements and certain related party transactions. The current and
former directors and officers who have been named as defendants in this action have a legal right under the Minnesota Business Corporation Act and the Company's Restated Articles of Incorporation to
advancement of their costs of defense. Accordingly, in fiscal 2013, the Company has advanced defense costs on behalf of the current and former directors and officers amounting to approximately
$551,000. The Company has directors and officers insurance that it anticipates will provide reimbursement for amounts advanced which exceed the Company's $500,000 retention. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ds12401_equity_compensation_plan_information"> </A>
<A NAME="toc_ds12401_3"> </A>
<BR></FONT><FONT SIZE=2><B>  EQUITY COMPENSATION PLAN INFORMATION    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table provides information about our Common Stock that may be issued under all of our stock-based compensation plans in
effect as of June&nbsp;30, 2013. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:67%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"120%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="120%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="122pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="94pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="122pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:50pt;"><FONT SIZE=1><B>Plan Category

<!-- COMMAND=ADD_SCROPPEDRULE,50pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of securities to be<BR>
issued upon exercise of<BR>
outstanding options,<BR>
warrants and rights </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Weighted-average<BR>
exercise price of<BR>
outstanding options,<BR>
warrants and rights </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of securities<BR>
remaining available for<BR>
future issuance under<BR>
equity compensation plans </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Equity compensation plans approved by security holders(1)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,538,551</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>23.94</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,749,423</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(2)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Equity compensation plans not approved by security holders</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,538,551</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>23.94</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,749,423</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Includes
stock options granted under the Regis Corporation 2000 Stock Option Plan as well as shares granted through stock options, SARs and restricted stock
units under the Long Term Plan. Information regarding the stock-based compensation plans is included in Notes&nbsp;1 and 12 to the consolidated financial statements included in the Company's Annual
Report on Form&nbsp;10-K for the year ended June&nbsp;30, 2013. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>53</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=55,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=916584,FOLIO='53',FILE='DISK129:[13ZCJ1.13ZCJ12401]DS12401A.;4',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_ds12401_1_54"> </A>
 <DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
Company's Long Term Plan provides for the issuance of a maximum of 6,750,000 shares of the Company's Common Stock through stock options, SARs,
restricted stock, or restricted stock units. As of June&nbsp;30, 2013, 315,299 unvested restricted stock shares were outstanding under the Long Term Plan, which are not reflected in this table.
However, the remaining 4,620,934 shares available for grant under the Long Term Plan (which are available for grant as restricted stock shares or units, as well as stock options or SARs) are included
in the number of securities remaining available for future issuance under equity compensation plans as disclosed in this table. As of June&nbsp;30, 2013, there were also 823,106 and 305,383 common
shares available for issuance under the Company's Stock Purchase Plan and Franchise Contributory Stock Purchase Plan, respectively. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ds12401_section_16(a)_benefici__ds102030"> </A>
<A NAME="toc_ds12401_4"> </A>
<BR></FONT><FONT SIZE=2><B>  SECTION&nbsp;16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), requires our officers and directors, and
persons who own more than 10% of a registered class of our equity securities, to file reports of ownership and changes in ownership with the SEC. Such officers, directors and shareholders are required
by the SEC's regulations to furnish us with copies of all such reports. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
our knowledge, based solely on a review of copies of reports filed with the SEC during the fiscal year ended June&nbsp;30, 2013, all applicable Section&nbsp;16(a) filing
requirements were complied with. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>54</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=56,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=836914,FOLIO='54',FILE='DISK129:[13ZCJ1.13ZCJ12401]DS12401A.;4',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_ds12401_1_55"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ds12401_certain_relationships_and_related_transactions"> </A>
<A NAME="toc_ds12401_5"> </A>
<BR></FONT><FONT SIZE=2><B>  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During fiscal 2013, we were not a party to any related party transactions covered by the Exchange Act rules. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
April 2013, the Board adopted a written Related Party Transaction Approval Policy, which sets forth our policies and procedures for the review, approval or ratification of certain
related party transactions by the Nominating and Corporate Governance Committee. The policy applies to any transaction, arrangement or relationship (including any indebtedness or guarantee of
indebtedness) or any series of similar transactions, arrangements or relationships in which the Company, or any of its subsidiaries, is or will be a participant and in which a related person has a
direct or indirect interest, but exempts the following:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Payment of compensation by the Company to a related party for the related party's service to the Company as a director,
officer or employee; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Transactions available to all employees or all shareholders of the Company on the same terms; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Transactions which, when aggregated with the amount of all other transactions between the Company and the related party or
any entity in which the related party has an interest, involve less than $10,000 in a fiscal year; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Transactions in the ordinary course of the Company's business at the same prices and on the same terms as are made
available to customers of the Company generally. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Nominating and Corporate Governance Committee must approve any related party transaction subject to this policy before commencement of the related party transaction; provided,
however, that if a related party is only first identified after it commences or first becomes a related party transaction, it must be brought to the Nominating and Corporate Governance Committee for
ratification. Alternatively, the Nominating and Corporate Governance Committee has delegated authority to its Chairperson to approve related party transactions if they arise between the Nominating and
Corporate Governance Committee's meetings. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Nominating and Corporate Governance Committee will analyze the following factors, in addition to any other factors it deems appropriate, in determining whether to approve a related
party transaction:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Whether the terms are fair to the Company; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Whether the transaction is material to the Company; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The role the related party has played in arranging the related party transaction; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The structure of the related party transaction; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The interests of all related parties in the related party transaction. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Nominating and Corporate Governance Committee may, in its sole discretion, approve or deny any related party transaction. Approval of a related party transaction may be conditioned
upon the Company and the related party taking any actions that the Nominating and Corporate Governance Committee deems appropriate. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>55</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=57,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=329843,FOLIO='55',FILE='DISK129:[13ZCJ1.13ZCJ12401]DS12401A.;4',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_du12401_1_56"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="du12401_security_ownership_of_certain___sec02525"> </A>
<A NAME="toc_du12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth, as of August&nbsp;26, 2013, the ownership of our Common Stock by each shareholder who is known by us
to own beneficially more than 5% of our outstanding shares, by each director and director nominee, by each executive officer and former executive officer identified in the Summary Compensation Table,
and by all current executive officers and directors as a group. Except as indicated below, the parties listed in the table have the sole voting and investment power with respect to the shares
indicated. Unless otherwise indicated, the address for each person or entity named below is c/o Regis Corporation, 7201 Metro Boulevard, Edina, Minnesota 55439. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="61pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="40pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:167pt;"><FONT SIZE=1><B>Name of Beneficial Owner or Identity of Group

<!-- COMMAND=ADD_SCROPPEDRULE,167pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Shares<BR>
Beneficially<BR>
Owned(1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Percent<BR>
of Class </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B><I>More than 5% Shareholders:</I></B></FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>FMR&nbsp;LLC(2)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8,005,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14.1</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Birch Run Capital,&nbsp;LLC(3)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8,494,082</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>15.0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>BlackRock,&nbsp;Inc.(4)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,966,498</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8.8</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Dimensional Fund Advisors&nbsp;LP(5)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,523,925</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8.0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Starboard Value&nbsp;LP(6)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,197,775</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7.0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Franklin Resources,&nbsp;Inc.(7)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,515,401</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6.2</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The Vanguard Group(8)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,026,825</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5.4</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heartland Advisors,&nbsp;Inc.(9)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,094,904</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5.5</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B><I>Current Executive Officers:</I></B></FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,026,825</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5.4</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel J. Hanrahan</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>138,091</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Steven M. Spiegel</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Eric A. Bakken</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>53,378</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Norma A. Knudsen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>34,413</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Heather L. Passe</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>751</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Doug P. Reynolds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>751</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B><I>Directors and Nominees (in addition to Mr.&nbsp;Hanrahan, who is listed above):</I></B></FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Daniel G. Beltzman(3)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8,494,082</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>15.0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Joseph L. ("Joel") Conner</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>16,340</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>James P. Fogarty</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14,315</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>David J. Grissen</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Mark S. Light</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Michael J. Merriman</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,315</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Jeffrey C. Smith(6)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,208,089</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7.0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Stephen E. Watson</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>33,493</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>David P. Williams(10)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,315</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B><I>Former Executive Officers:</I></B></FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Brent A. Moen(11)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,015</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>All current executive officers and directors as a group (thirteen persons)(12)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13,017,348</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>21.8</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>less
than 1%
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Includes
the following shares not currently outstanding but deemed beneficially owned because of the right to acquire them pursuant to restricted stock
units which vest within 60&nbsp;days: 8,445 shares by Mr.&nbsp;Hanrahan; 4,132 shares by Mr.&nbsp;Bakken; 996 shares by Ms.&nbsp;Knudsen; 751 shares by Ms.&nbsp;Passe; 751 shares by
Mr.&nbsp;Reynolds; 1,874 shares by Mr.&nbsp;Conner; 873 shares by each of Messrs.&nbsp;Fogarty, Merriman, Smith and Williams; and 1,689 shares by Mr.&nbsp;Watson. Includes the following shares
not currently outstanding but deemed beneficially owned because of the right to acquire them pursuant to options exercisable within 60&nbsp;days: 2,520 shares by Mr.&nbsp;Bakken; and </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>56</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=58,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=297457,FOLIO='56',FILE='DISK129:[13ZCJ1.13ZCJ12401]DU12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_du12401_1_57"> </A>
 <DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
<UL>

<P style="font-family:times;"><FONT SIZE=2>2,520
shares by Ms.&nbsp;Knudsen. Also includes the following shares not currently outstanding but deemed beneficially owned because of the right to acquire them pursuant to in-the-money SARs
exercisable within 60&nbsp;days: 55 shares by Mr.&nbsp;Bakken and 55 shares by Ms.&nbsp;Knudsen.  </FONT></P>

</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on information in a Schedule&nbsp;13G/A filed by FMR&nbsp;LLC on February&nbsp;14, 2013. FMR&nbsp;LLC reported sole voting power over 0
shares, shared voting power over 0 shares, sole dispositive power over 8,005,000 shares and shared dispositive power over 0 shares. The address for FMR&nbsp;LLC is 82&nbsp;Devonshire Street,
Boston, MA 02109. Fidelity Management&nbsp;&amp; Research Company, a wholly owned subsidiary of FMR&nbsp;LLC, is the beneficial owner of all shares as a result of acting as an investment adviser to
various investment companies registered under the Investment Company Act of 1940. One investment company, Fidelity Small Cap Discovery Fund, owned 4,000,000 shares, or 7.0%. Another investment
company, Fidelity Small Cap Value Fund, owned 3,400,000 shares, or 5.9%. Edward C. Johnson 3d, the Chairman of FMR&nbsp;LLC, and FMR&nbsp;LLC each have the sole power to dispose of the 8,005,000
of the shares.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on information in a Schedule&nbsp;13D/A filed by Birch Run Capital,&nbsp;LLC ("Birch Run") on November&nbsp;6, 2012 and a Form&nbsp;4 filed by
Daniel Gordon Beltzman on November&nbsp;2, 2012, these securities are owned directly by Birch Run Capital Partners,&nbsp;L.P., Torch BRC,&nbsp;L.P. and Walnut BRC,&nbsp;L.P. (collectively, the
"Funds"). Birch Run Capital Partners,&nbsp;L.P. is the record owner of 937,580 shares. Torch BRC,&nbsp;L.P. is the record owner of 3,295,519 shares. Walnut BRC,&nbsp;L.P. is the record owner of
4,260,983 shares. Birch Run Capital,&nbsp;LLC serves as the registered investment adviser to the Funds. Birch Run Capital&nbsp;GP,&nbsp;LLC serves as General Partner to Birch Run Capital
Partners,&nbsp;L.P. Walnut BRC&nbsp;GP,&nbsp;LLC serves as General Partner to Walnut BRC,&nbsp;L.P. Torch BRC&nbsp;GP,&nbsp;LLC serves as General Partner to Torch BRC,&nbsp;L.P.
(collectively, the "General Partners"). Mr.&nbsp;Beltzman and Gregory Smith are the co-Managing Members of Birch Run Capital,&nbsp;LLC and the General Partners. Birch Run, the Funds,
Mr.&nbsp;Beltzman, Mr.&nbsp;Smith and the General Partners may be deemed to share voting and dispositive power over the reported securities. Each of Birch Run, Mr.&nbsp;Beltzman, the Funds,
Mr.&nbsp;Smith and the General Partners disclaim beneficial ownership of any interests of the reported securities in excess of such person's or entity's respective pecuniary interest in the
securities. On its Schedule&nbsp;13D/A, Birch Run reported sole voting power over 0 shares, shared voting power over 8,494,082 shares, sole dispositive power over 0 shares and shared dispositive
power over 8,494,082 shares. The address for Birch Run is 1350 Broadway, Suite&nbsp;2412, New York, NY 10018.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on information in a Schedule&nbsp;13G/A filed by BlackRock,&nbsp;Inc. on February&nbsp;1, 2013, BlackRock,&nbsp;Inc. reported sole voting
power over 4,966,498 shares, shared voting power over 0 shares, sole dispositive power over 4,966,498 shares and shared dispositive power over 0 shares. The address for BlackRock,&nbsp;Inc. is 40
East 52nd&nbsp;Street, New York, NY 10022. BlackRock,&nbsp;Inc. is a parent holding company and holds the sole power to vote or dispose of shares held by its subsidiaries BlackRock
Japan&nbsp;Co.&nbsp;Ltd., BlackRock Institutional Trust Company, N.A., BlackRock Fund Advisors, BlackRock Asset Management Canada Limited, BlackRock Asset Management Australia Limited, BlackRock
Advisors,&nbsp;LLC, BlackRock (Luxembourg)&nbsp;S.A., BlackRock International Limited, BlackRock Capital Management,&nbsp;Inc., BlackRock Investment Management,&nbsp;LLC, BlackRock Advisors
(UK) Limited and BlackRock Investment Management (UK) Limited (collectively, the "BlackRock Subsidiaries"). None of the BlackRock Subsidiaries own more than 5% of our outstanding shares of Common
Stock.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(5)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on information in a Schedule&nbsp;13G/A filed by Dimensional Fund Advisors&nbsp;LP ("Dimensional") on February&nbsp;11, 2013, Dimensional
reported sole voting power over 4,465,557 shares, shared voting power over 0 shares, sole dispositive power over 4,523,925 shares and shared dispositive power over 0 shares. The address for
Dimensional is Palisades West, Building One, 6300 Bee Cave Road, Austin, TX, 78746. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>57</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=59,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=803659,FOLIO='57',FILE='DISK129:[13ZCJ1.13ZCJ12401]DU12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_du12401_1_58"> </A>
 <DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(6)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on information in a Schedule&nbsp;13D/A filed by Starboard on December&nbsp;20, 2012. Shares are beneficially owned directly by Starboard
Value&nbsp;&amp; Opportunity Master Fund&nbsp;Ltd. ("Starboard V&amp;O Fund") (547,458 shares), Starboard Value and Opportunity S&nbsp;LLC ("Starboard&nbsp;LLC") (243,257 shares) and a certain managed
account ("Starboard Value&nbsp;LP Account") (179,885 shares) of Starboard Value&nbsp;LP ("Starboard Value&nbsp;LP"). Starboard Value&nbsp;LP acts as the investment manager of Starboard V&amp;O
Fund and Starboard Value&nbsp;LP Account and as the manager of Starboard&nbsp;LLC. Starboard Value&nbsp;LP has sole voting and dispositive power over the shares held by the Starboard
Value&nbsp;LP Account. Starboard Value&nbsp;GP&nbsp;LLC ("Starboard Value&nbsp;GP") serves as the general partner of Starboard Value&nbsp;LP. Starboard Principal Co&nbsp;GP&nbsp;LLC
("Principal Co") is a member of Starboard Value&nbsp;GP. Starboard Principal Co&nbsp;GP&nbsp;LLC ("Principal&nbsp;GP") serves as the general partner of Principal&nbsp;Co. Includes 1,865,375
shares underlying convertible notes owned by Starboard V&amp;O Fund, 871,740 shares underlying convertible notes owned by Starboard&nbsp;LLC and 490,060 shares underlying convertible notes owned by
Starboard Value&nbsp;LP. Jeffrey C. Smith serves as a member of Principal&nbsp;GP and a member of each of the Management Committee of Starboard Value&nbsp;GP and the Management Committee of
Principal&nbsp;GP. Mr.&nbsp;Smith expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. The address of the principal office of each of
Starboard&nbsp;LLC, Starboard Value&nbsp;LP, Starboard Value&nbsp;GP, Principal Co, Principal&nbsp;GP and Mr.&nbsp;Smith, Peter A. Feld and Mark Mitchell is 599 Lexington Avenue,
19th&nbsp;Floor, New York, New York 10022. The address of the principal office of Starboard V&amp;O Fund is c/o Citco Fund Services (Cayman Islands) Limited, Regatta Office Park, Windward 1,
2nd&nbsp;Floor, PO Box&nbsp;31106, Grand Cayman KY1-1205, Cayman Islands. Holdings for Mr.&nbsp;Smith include 9,441 shares he owns directly, as well as the 873 shares deemed beneficially owned
as discussed in footnote 1 above.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(7)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on information in a Schedule&nbsp;13G/A filed by Franklin Resources,&nbsp;Inc. ("Franklin") on February&nbsp;12, 2013, Franklin reported sole
voting power over 3,304,401 shares, shared voting power over 0 shares, sole dispositive power over 3,515,401 shares and shared dispositive power over 0 shares. The address for Franklin is One Parker
Plaza, Ninth Floor, Fort Lee, NJ 07024.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(8)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on information in a Schedule&nbsp;13G filed by The Vanguard Group ("Vanguard") on February&nbsp;13, 2013, Vanguard reported sole voting power over
91,516 shares, shared voting power over 0 shares, sole dispositive power over 2,938,509 shares and shared dispositive power over 88,316 shares. The address for Vanguard is 100 Vanguard Blvd., Malvern,
PA 19355.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(9)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on information in a Schedule&nbsp;13G filed by Heartland Advisors,&nbsp;Inc. ("Heartland") on February&nbsp;7, 2013, Heartland reported sole
voting power over 0 shares, shared voting power over 3,094,904 shares, sole dispositive voting power over 0 shares and shared dispositive power over 3,094,904 shares. The address for Heartland is 789
N. Water Street, Milwaukee, WI 53202.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(10)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Includes
2,000 shares held in a joint brokerage account with his father.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(11)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Includes
15 shares held in trust for Mr.&nbsp;Moen's daughter.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(12)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>See
footnotes 1, 3, 6, 10 and 11 for information regarding the nature of certain indirect and deemed ownership of the shares included in this amount. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>58</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=60,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=26009,FOLIO='58',FILE='DISK129:[13ZCJ1.13ZCJ12401]DU12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_du12401_1_59"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="du12401_item_2_amendment_of_re__du102185"> </A>
<A NAME="toc_du12401_2"> </A>
<BR></FONT><FONT SIZE=2><B>  ITEM 2<BR>  AMENDMENT OF RESTATED ARTICLES OF INCORPORATION    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board has approved, and recommends shareholder approval of, an amendment to our Restated Articles of Incorporation to require that
directors receive a majority of the votes cast in an uncontested election in order to be elected to the Board. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currently,
the members of the Board are elected by a plurality of the votes present in person or by proxy at a meeting. Minnesota law requires that, unless otherwise provided in the
articles of incorporation, directors are elected by a plurality of the votes present in person or by proxy at a meeting. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
amendment to the Restated Articles of Incorporation operates as follows:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Subject to the rights, if any, of holders of any preferred stock of the Company, each director shall be elected at a
meeting of shareholders by the vote of a majority of the votes cast with respect to the director. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>However, in a contested election of directors in which the number of nominees exceeds the number of directors to be
elected, the directors will continue to be elected by a plurality of the votes present in person or by proxy at the meeting. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>For purposes of the majority voting standard, a majority of the votes cast means that the votes entitled to be cast by the
holders of all the then-outstanding shares of voting stock of the Company that are voted "for" a director must exceed the shares voted "against" the director. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
amendment is effected by adding a new Article&nbsp;XI to the Restated Articles of Incorporation. The full text of new Article&nbsp;XI is attached to these materials as
Appendix&nbsp;A. If the amendment is approved by shareholders at the Annual Meeting, the majority voting standard will be effective following the Annual Meeting and would apply to the election of
directors at the annual meeting to be held in 2014. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
Minnesota law, an incumbent director who does not receive the requisite vote continues to serve until his or her successor is elected. Accordingly, if the proposal to amend the
Restated Articles of Incorporation is approved, we will also amend our Corporate Governance Guidelines to require incumbent directors who do not receive a majority of the votes cast "for" their
election to offer to tender their resignation to the Board. The Nominating and Corporate Governance Committee shall make a recommendation to the Board on whether to accept or reject the offer. The
Board, taking into account the Nominating and Corporate Governance Committee's recommendation, will act on the tendered resignation and publicly disclose its decision and rationale behind it within
90&nbsp;days after the date of the election. The Nominating and Corporate Governance Committee, in making its recommendation, and the Board, in making its decision, may each consider any factors or
other recommendations that it considers relevant and appropriate. The incumbent director who has offered to tender his or her resignation will not participate in the Board's decision with respect to
his or her resignation. If such incumbent director's offer to tender his or her resignation is not accepted by the Board, such director will continue to serve his or her term and until his or her
successor is duly elected, or his or her earlier death, resignation, retirement, disqualification or removal. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Upon the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board unanimously recommends a vote FOR the amendment of the
Restated Articles of Incorporation.</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>59</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=61,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=874461,FOLIO='59',FILE='DISK129:[13ZCJ1.13ZCJ12401]DU12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_du12401_1_60"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="du12401_item_3_amendment_to_regis_corp__ite02457"> </A>
<A NAME="toc_du12401_3"> </A>
<BR></FONT><FONT SIZE=2><B>  ITEM 3<BR>  AMENDMENT TO REGIS CORPORATION 2004<BR>  LONG TERM INCENTIVE PLAN    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Introduction  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Long Term Plan, under which we issue our equity compensation for our directors, executives and other senior and management-level
employees, will expire on May&nbsp;26, 2014. On August&nbsp;20, 2013, the Board, upon recommendation of the Compensation Committee,
approved the amendment of the Long Term Plan to extend its term for a period of ten years through May&nbsp;26, 2024. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Why We Believe You Should Vote for this Amendment  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board believes that the Long Term Plan is an important part of total compensation for our executives as well as for certain other
senior and management-level employees. We believe that shareholders should approve the extension of the term of the Long Term Plan for the following reasons: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><I>Compensation Philosophy.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;As described in the CD&amp;A, our
compensation programs are intended to work together to reward our executive officers for achieving the pre-established business goals set by the Board, to induce their commitment and continued service
with the Company, and to align their interests with those of our shareholders through equity compensation and stock ownership requirements. We believe that equity compensation is one of the most
effective tools to achieve these goals, and consistent with our goals for the future, we believe that equity-based incentives will continue to play an important role in our ability to incentivize our
executives and other employees.  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2><I>Plan Provisions Designed to Serve Shareholders' Interests and Promote Effective Corporate
Governance.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;The Long Term Plan, which is summarized in more detail below, includes several provisions that are designed to serve the
interests of our shareholders and promote effective corporate governance, including: </FONT> <FONT SIZE=2>
<BR><BR></FONT>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The Long Term Plan is administered by our independent Compensation Committee;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The Long Term Plan generally prohibits re-pricing of stock options or SARs;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>We cannot issue stock options or SARs at an exercise price that is less than the fair market value of our Common Stock on
the date of grant;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The Long Term Plan generally provides for the forfeiture of outstanding awards if the Compensation Committee determines
that the employee has engaged in certain misconduct that is materially detrimental to the interests of the Company;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The Long Term Plan has a ten-year term and any extension requires shareholder approval, which is why we are seeking
approval for this Item&nbsp;3;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Commencing in fiscal 2013, we started granting performance-based restricted stock units as a component of our long-term
incentive awards to further align pay and performance; and  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>We cannot materially modify the Long Term Plan without prior shareholder approval, which includes amendments that would
increase the number of shares of our Common Stock available, increase the award limits under the Long Term Plan, permit awards of options at a price less than fair market value, permit re-pricing of
options or SARs, or expand the class of persons eligible to receive awards under the Long Term Plan. Shareholder approval is also required for any action that would, absent such approval, violate the
rules and regulations of the NYSE or any other securities exchange applicable to us. </FONT></DD></DL>
</DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>60</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=62,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=741311,FOLIO='60',FILE='DISK129:[13ZCJ1.13ZCJ12401]DU12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_du12401_1_61"> </A>


<P style="font-family:times;"><FONT SIZE=2><B> Summary of the Long Term Plan  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Administration  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Compensation Committee will administer the Long Term Plan and will have full power and authority to determine when and to whom
awards will be granted, and the type, amount and other terms and conditions of each award, consistent with the provisions of the Long Term Plan. In addition, the Compensation Committee can specify
whether, and under what circumstances, awards to be received under the Long Term Plan may be deferred automatically or at the election of either the holder of the award or the Compensation Committee.
Subject to the provisions of the Long Term Plan, the Compensation Committee may amend or waive the terms and conditions, or accelerate the exercisability of an outstanding award. The Compensation
Committee has authority to interpret the Long Term Plan, and establish rules and regulations for the administration of the Long Term Plan. The Compensation Committee may delegate its authority under
the Long Term Plan to members of the Board or executive officers of the Company as it relates to awards to persons not subject to Section&nbsp;16 of the Exchange Act. In addition, the Board may
replace the Compensation Committee with a different committee or exercise the powers of the Compensation Committee at any time, except with respect to the grant of awards to our executive officers.
Each person who is or has been a member of the Compensation Committee or of the Board, and any other person to whom the Compensation Committee delegates authority under the Long Term Plan, is
indemnified by the Company from any loss resulting from any action taken or failure to act, made in good faith, under the Long Term Plan. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Eligible Participants  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any employee, officer, director or other individual, who is selected by the Compensation Committee, is eligible to receive an award
under the Long Term Plan. As of August&nbsp;15, 2013, approximately 50,000 employees, officers and directors were eligible as a class to be selected by the Compensation Committee to receive awards
under the Long Term Plan. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Shares Available For Awards  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of August&nbsp;15, 2013, the total number of shares of our Common Stock remaining available for issuance under the Long Term Plan
and for issuance as incentive stock options is 4,687,397 subject to adjustment for future stock splits, stock dividends and similar changes in our capitalization. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain
awards under the Long Term Plan are subject to limitations as follows:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>During any three-consecutive calendar year period, the maximum number of shares of our Common Stock for which options and
SARs, in the aggregate, may be granted to any participant shall not exceed 800,000 shares. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>For performance unit awards that are intended to be "performance based compensation," no more than $2,000,000 may be
granted to any participant during any three-consecutive calendar year period. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to certain restrictions in Code Sections&nbsp;409A and 422(b), the Compensation Committee will adjust the number of shares and share limits described above in the case of any
equity restructuring within the meaning of FASB ASC Topic 718 that causes the per share value of shares to change, such as a stock dividend or stock split, to the extent that such awards would not
otherwise automatically adjust in the equity restructuring. In the event of any other change in capitalization, which may include a merger, consolidation or any partial or complete liquidation of the
Company, or other similar corporate transaction or event that does not constitute an equity restructuring within the meaning of FASB ASC Topic 718, the Committee may make similar adjustments in order
to prevent dilution or enlargement of the benefits or potential benefits intended to be provided under the Long Term Plan. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>61</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=63,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=71731,FOLIO='61',FILE='DISK129:[13ZCJ1.13ZCJ12401]DU12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_du12401_1_62"> </A>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any shares of our Common Stock subject to any award or to which an award relates are forfeited or are reacquired by us, or if any award terminates without the delivery of any shares,
the shares previously set aside for such awards will be available for future awards under the Long Term Plan. In addition, shares used by award recipients as payment of the exercise price of an award
or in satisfaction of the tax obligations relating to an award other than an incentive stock option will be available again for award grants. Awards granted under the plan in substitution for awards
previously granted in connection with a merger, consolidation or acquisition are not charged against the number of shares available for grant as awards under the Long Term Plan. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Types of Awards and Terms and Conditions  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Long Term Plan permits the granting of:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Stock options (incentive stock options, non-qualified stock options); </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>SARs; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Restricted stock; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Restricted stock units; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Performance awards. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Awards
may be granted alone, in addition to, in combination with or in substitution for, any other award granted under the Long Term Plan or any other compensation plan. The exercise
price per share under any stock option and the grant price of any SAR may not be less than the fair market value on the date of grant of such option or SAR. Determinations of fair market value under
the Long Term Plan will be made by reference to the closing price of the Company's Common Stock on the NYSE. The term of awards of the stock-based portion of the plan will not be longer than ten
years. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock Options.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The holder of an option will be entitled to purchase a number of shares of our Common Stock at a specified exercise
price during a
specified time period, all as determined by the Committee. The option exercise price may be payable either in cash or, at the discretion of the Compensation Committee, in other securities or other
property having a fair market value on the exercise date equal to the exercise price. Unless otherwise provided in an award agreement, options shall be exercisable at a rate of 20% of the total number
of shares as of the anniversary of the grant date. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock Appreciation Rights.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The holder of an SAR is entitled to receive the excess of the fair market value (calculated as of the
exercise date or, at
the Compensation Committee's discretion, as of any time during a specified period before or after the exercise date) of a specified number of shares of our Common Stock over the grant price of the
SAR. Unless otherwise provided in an award agreement, SARs shall be exercisable at the rate of 20% as of each anniversary of the grant date. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted Stock.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The holder of restricted stock will own shares of our Common Stock (including, for example, the right to vote the
restricted shares
or to receive any dividends with respect to the shares). The Compensation Committee also may permit acceleration of the forfeiture period in the case of a participant's death, disability or
retirement, or a change in control of the Company. If the participant's employment or service as a director, as applicable, terminates during the forfeiture period for any other reason, unvested
restricted stock will be forfeited, unless the Compensation Committee determines that it would be in the Company's best interest to waive the remaining restrictions. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted Stock Units.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The holder of a restricted stock unit is entitled to receive a share of our Common Stock, or cash in the amount
of the fair
market value of a share of Common Stock, as of a future date, subject to certain restrictions and to a risk of forfeiture. The Compensation Committee also may permit acceleration of the forfeiture
period in the case of a participant's death, disability or </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>62</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=64,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=532641,FOLIO='62',FILE='DISK129:[13ZCJ1.13ZCJ12401]DU12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_du12401_1_63"> </A>

<P style="font-family:times;"><FONT SIZE=2>retirement,
or a change in control of the Company. If the participant's employment or service as a director, as applicable, terminates during the forfeiture period for any other reason, unvested
restricted stock will be forfeited, unless the Compensation Committee determines that it would be in the Company's best interest to waive the remaining restrictions. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Performance Awards.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Performance awards granted under the Long Term Plan are intended to qualify as "performance-based compensation"
within the
meaning of Section&nbsp;162(m) of the Code ("Section&nbsp;162(m)"). Performance awards give participants the right to receive payments in cash, based solely upon the achievement of certain
performance goals during a specified performance period. At a minimum, the performance period shall be at least one fiscal year in length. The Compensation Committee must designate all participants
for each performance period, and establish performance
goals and target awards for each participant no later than 90&nbsp;days after the beginning of each performance period within the parameters of Section&nbsp;162(m). Performance goals may be based
on a number of performance criteria, either alone or in any combination, and on either a business unit level or a consolidated level, including: earnings per share, sales, cash flow, cash flow from
operations, operating profit or income, net income, operating margin, net income margin, return on net assets, earnings before interest, taxes, depreciation and amortization ("EBITDA"), EBITDA growth,
share price performance, on an absolute basis and relative to an index of earnings per share or improvements in the Company's expense levels, and implementation or completion of critical projects. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duration, Termination and Amendment.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Unless the shareholders approve this Item&nbsp;3, or the Long Term Plan is otherwise discontinued
or
terminated by the Board, the Long Term Plan will expire on May&nbsp;26, 2014. If this Item&nbsp;3 is approved by shareholders, the term of the Long Term Plan will be extended to May&nbsp;26,
2024. No awards may be made after that date. However, unless otherwise expressly provided in an applicable award agreement, any award granted under the Long Term Plan prior to expiration may extend
beyond the end of such period through the award's normal expiration date. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board and, pursuant to the delegation of its authority, the Compensation Committee may amend, alter or discontinue the Long Term Plan at any time, although shareholder approval must
be obtained for any action that would increase the number of shares of our Common Stock available, increase the award limits under the Long Term Plan, permit awards of options at a price less than
fair market value, permit of options or SARs or expand the class of persons eligible to receive awards under the Long Term Plan. Shareholder approval is also required for any action that would, absent
such approval, violate the rules and regulations of the NYSE or any other securities exchange applicable to us. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in Control; Fundamental Change.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;In the event of a change in control, the vesting of stock options and SARs is accelerated, the
restrictions on
restricted stock and restricted stock units shall lapse and the shares shall be issued and performance units shall be fully distributable. In the event of a fundamental change, such as a dissolution,
liquidation, sale of assets, merger or consolidation or statutory share exchange, the Compensation Committee has the discretion to provide for substitute awards or cancel outstanding options and SARs
in exchange for cash payments to the recipients. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I> Prohibition on Repricing Awards  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No option or SAR may be amended to reduce its exercise price, and no option or SAR may be canceled and replaced with an option or SAR
having a lower exercise price, except in connection with a stock dividend or other distribution, including a stock split, merger or other similar corporate transaction or event, in order to prevent
dilution or enlargement of the benefits, or potential benefits intended to be provided under the Long Term Plan. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>63</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=65,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=31148,FOLIO='63',FILE='DISK129:[13ZCJ1.13ZCJ12401]DU12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_du12401_1_64"> </A>

<P style="font-family:times;"><FONT SIZE=2><B><I> Transferability of Awards  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise provided by the Committee, awards under the Long Term Plan may only be transferred by will or by the laws of descent
and distribution. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I> Federal Income Tax Consequences  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grant of Options and SARs.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The grant of a stock option or SAR is not expected to result in any taxable income for the recipient.
</FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exercise of Options and SARs.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Upon exercising a non-qualified stock option, the optionee must recognize ordinary income equal to the
excess of the
fair market value of the shares of our Common Stock acquired on the date of exercise over the exercise price, and we will generally be entitled at that time to an income tax deduction for the same
amount. The holder of an incentive stock option generally will have no taxable income upon exercising the option (except that an alternative minimum tax liability may arise), and we will not be
entitled to an income tax deduction. Upon exercising an SAR, the fair market value on the exercise date of any shares of our Common Stock received is taxable to the recipient as ordinary income and
generally deductible by us. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposition of Shares Acquired Upon Exercise of Options and SARs.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The tax consequence upon a disposition of shares acquired through the
exercise of
an option or SAR will depend on how long the shares have been held and whether the shares were acquired by exercising an incentive stock option or
by exercising a non-qualified stock option or SAR. Generally, there will be no tax consequence to us in connection with the disposition of shares acquired under an option or SAR, except that we may be
entitled to an income tax deduction in the case of the disposition of shares acquired under an incentive stock option before the applicable incentive stock option holding periods set forth in the Code
have been satisfied. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Awards Other than Options and SARs.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As to other awards granted under the Long Term Plan that are payable either in cash or shares of
our Common Stock
that are either transferable or not subject to substantial risk of forfeiture, the holder of the award must recognize ordinary income equal to (i)&nbsp;the amount of cash received or, as applicable,
(ii)&nbsp;the excess of (A)&nbsp;the fair market value of the shares received (determined as of the date of receipt) over (B)&nbsp;the amount (if any) paid for the shares by the holder of the
award. We will generally be entitled at that time to an income tax deduction for the same amount. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income Tax Deduction.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Subject to the usual rules concerning reasonable compensation, and assuming that, as expected, performance awards
paid under
the Long Term Plan are "qualified performance-based compensation" within the meaning of Section&nbsp;162(m), we will generally be entitled to a corresponding income tax deduction at the time a
participant recognizes ordinary income from awards made under the Long Term Plan. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Application of Section&nbsp;16.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Special rules may apply to individuals subject to Section&nbsp;16 of the Exchange Act. In particular,
unless a
special election is made pursuant to the Code, shares received through the exercise of a stock option or SAR may be treated as restricted as to transferability and subject to a substantial risk of
forfeiture for a period of up to six months after the date of exercise. Accordingly, the amount of any ordinary income recognized and the amount of our income tax deduction will be determined as of
the end of that period. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delivery of Shares for Tax Obligation.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Under the Long Term Plan, the Compensation Committee may permit participants receiving or
exercising awards,
subject to the discretion of the Compensation Committee and upon such terms and conditions as it may impose, to deliver shares of our Common Stock (either shares received upon the receipt or exercise
of the award or shares previously owned by the holder of the option) to us to satisfy federal and state income tax obligations. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>64</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=66,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=891332,FOLIO='64',FILE='DISK129:[13ZCJ1.13ZCJ12401]DU12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_du12401_1_65"> </A>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross-Up for Excise Tax.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;In the event any payment or benefit received under the Long Term Plan results in a "parachute payment," within
the meaning
of Section&nbsp;280G of the Code, and the participant is required to pay an excise tax in connection therewith, the Company shall pay to the participant a tax "gross-up" payment such that the net
benefit received by the participant is equivalent to the benefit the participant would have received had there been no excise tax incurred. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Upon the recommendation of the Compensation Committee of the Board, the Board unanimously recommends a vote FOR the amendment of the Long Term
Plan.</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>65</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=10,SEQ=67,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=789782,FOLIO='65',FILE='DISK129:[13ZCJ1.13ZCJ12401]DU12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dw12401_1_66"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dw12401_item_4_ratification_of_appoint__ite03312"> </A>
<A NAME="toc_dw12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  ITEM 4<BR>  RATIFICATION OF APPOINTMENT OF INDEPENDENT<BR>  REGISTERED PUBLIC ACCOUNTING FIRM    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee has selected PricewaterhouseCoopers&nbsp;LLP, certified public accountants and independent registered public
accounting firm, as our independent registered public accounting firm for the fiscal year ending June&nbsp;30, 2014. Although not required, the Board wishes to submit the selection of
PricewaterhouseCoopers&nbsp;LLP for shareholders' ratification at the Annual Meeting. If the shareholders do not so ratify, the Audit Committee will reconsider its selection. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representatives
of PricewaterhouseCoopers&nbsp;LLP are expected to be present at the Annual Meeting, will have the opportunity to make a statement if they desire and are expected to be
available to respond to appropriate questions. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Upon the recommendation of the Audit Committee of the Board, the Board unanimously recommends a vote FOR ratification of the appointment of
PricewaterhouseCoopers&nbsp;LLP.</B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Audit Fees  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aggregate audit fees billed for professional services rendered by PricewaterhouseCoopers&nbsp;LLP were $2,180,000 for the year ended
June&nbsp;30, 2013, and $2,210,000 for the
year ended June&nbsp;30, 2012. Such fees were primarily for professional services rendered for the audits of our consolidated financial statements as of and for the years ended June&nbsp;30, 2013
and 2012, limited reviews of our unaudited condensed consolidated interim financial statements, statutory audits of certain of our subsidiaries, and accounting consultations required to perform an
audit in accordance with generally accepted auditing standards. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Audit-Related Fees  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There were no audit-related services by PricewaterhouseCoopers&nbsp;LLP in the year ended June&nbsp;30, 2013. Aggregate
audit-related fees billed for professional services rendered by PricewaterhouseCoopers LLP were $527,000 for the year ended June&nbsp;30, 2012. The audit-related fees for the year ended
June&nbsp;30, 2012 were for assurance services related to the sale of our Hair Club for Men and Women business. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Tax Fees  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aggregate income tax compliance and related services fees billed for professional services rendered by
PricewaterhouseCoopers&nbsp;LLP were $280,545 for the year ended June&nbsp;30, 2013 and $331,136 for the year ended June&nbsp;30, 2012. The tax fees for the years ended June&nbsp;30, 2013 and
2012 were for tax compliance, consulting and planning-related professional services, as well as assistance with tax audits. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> All Other Fees  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the fees described above, aggregate fees of $1,800 were billed by PricewaterhouseCoopers LLP during the years ended
June&nbsp;30, 2013 and 2012, for fees related to a research tool that we access through PricewaterhouseCoopers&nbsp;LLP. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Audit Committee Pre-Approval Policies and Procedures  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee has approved the engagement of PricewaterhouseCoopers&nbsp;LLP to perform auditing services for the current
fiscal year ending June&nbsp;30, 2014, based upon an engagement letter submitted by PricewaterhouseCoopers&nbsp;LLP. In accordance with Company policy, any additional audit or non-audit services
must be approved in advance. All of the professional services provided by PricewaterhouseCoopers&nbsp;LLP during the years ended June&nbsp;30, 2013 and June&nbsp;30, 2012 were approved or
pre-approved in accordance with policies of our Audit Committee. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>66</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=68,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=657384,FOLIO='66',FILE='DISK129:[13ZCJ1.13ZCJ12401]DW12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dw12401_1_67"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dw12401_audit_committee_report"> </A>
<A NAME="toc_dw12401_2"> </A>
<BR></FONT><FONT SIZE=2><B>  AUDIT COMMITTEE REPORT    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee reports to and assists the Board in providing oversight of the financial management, independent auditors and
financial reporting procedures of the Company. Each member of the Audit Committee is "independent" within the meaning of applicable NYSE listing standards. The Audit Committee has adopted a written
charter describing its functions, which has been approved by the Board. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
management is responsible for preparing our financial statements and the overall reporting process, including our system of internal controls. Our independent auditors,
PricewaterhouseCoopers LLP, are responsible for auditing the financial statements and our system of internal controls over financial reporting and expressing opinions thereon. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
this context, the Committee has met and held discussions with management and the independent auditors. Management represented to the Committee that our consolidated financial
statements were prepared in accordance with generally accepted accounting principles, and the Committee has reviewed and discussed the consolidated financial statements with management and the
independent auditors. The Committee discussed with the independent auditors matters required to be discussed by the applicable rules of the Public Company Accounting Oversight Board (PCAOB). </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, the Committee has received the written disclosures and the letter from the independent accountant required by applicable requirements of the PCAOB regarding the independent
accountant's communications with the Committee concerning independence, and has discussed with the independent auditors the independent auditors' independence. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Committee discussed with our independent auditors the overall scope and plans for their audit. The Committee meets with the independent auditors, with and without management present,
to discuss the results of their examinations, the evaluations of our internal controls and the overall quality of our financial reporting. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
reliance on the reviews and discussions referred to above, the Committee recommended to the Board that the audited financial statements be included in our Annual Report on
Form&nbsp;10-K for the year ended June&nbsp;30, 2013 for filing with the SEC. The Committee also has recommended to the Board the selection of PricewaterhouseCoopers&nbsp;LLP as our independent
registered public accounting firm for the fiscal year ending June&nbsp;30, 2014. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="50%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="50%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>David P. Williams, Chair<BR>
James P. Fogarty<BR>
Michael J. Merriman<BR>
Jeffrey C. Smith<BR></FONT> <FONT SIZE=2><I>Members of the Audit Committee<BR> </I></FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>67</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=69,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=379140,FOLIO='67',FILE='DISK129:[13ZCJ1.13ZCJ12401]DW12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<A NAME="page_dw12401_1_68"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dw12401_item_5_approval_of_advisory_vo__ite03072"> </A>
<A NAME="toc_dw12401_3"> </A>
<BR></FONT><FONT SIZE=2><B>  ITEM 5<BR>  APPROVAL OF ADVISORY VOTE ON COMPENSATION OF NAMED EXECUTIVE OFFICERS    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are providing shareholders with an annual, non-binding advisory vote to approve the executive compensation as disclosed in the CD&amp;A.
At the Annual Meeting, shareholders will vote on the following advisory resolution regarding the compensation of our Named Executive Officers as described in this Proxy Statement (commonly referred to
as "Say-on-Pay"): </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"RESOLVED,
that the shareholders of Regis Corporation approve, on an advisory basis, the compensation paid to the Company's Named Executive Officers as disclosed in the 'Compensation
Discussion and Analysis' section, and compensation tables and narrative discussion contained in the 'Executive Compensation' section in this Proxy Statement." </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
executive compensation programs are based on our belief that attracting, retaining and motivating talented executives is critical to the maintenance of our competitive advantage in
the haircare industry and to the achievement of the business goals set by the Board. Accordingly, our executive compensation programs are designed to reward executives for achievement of our
pre-determined financial and business goals, while also aligning our executives' interests with those of our shareholders. We believe that we best achieve these goals by providing our executives with
a mix of compensation elements that incorporate cash and equity, as well as short-term and long-term components, and that are tied to our business goals, all as described above in the CD&amp;A of this
Proxy Statement. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
compensation paid to our executives in fiscal 2013 reflects our new compensation programs which include significant changes from our historic compensation programs. As described
above in the CD&amp;A, our executive officers did not receive a payout under their annual non-equity incentive awards or performance units for fiscal 2013 because our actual adjusted EBITDA and same-store
sales did not
reach the threshold levels. The lack of a payout under these programs reflects our commitment to paying only for performance. As described in the CD&amp;A, the Compensation Committee did make certain
discretionary performance unit grants in August 2013 to recognize the important work performed by the executive team to accelerate the Company's turnaround and lay the groundwork that we believe will
lead to long-term strategic success, and to retain and incentivize them to continue their work toward these objectives. However, these awards were determined based on the Compensation Committee's
assessment of each individual's performance and contributions, over the past year and those contributions to be made going forward, toward executing our turnaround strategy, and will only be earned if
the Company achieves certain adjusted EBITDA objectives over a three-year performance period ending June&nbsp;30, 2016. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
a comprehensive description of our executive compensation program, philosophy and objectives, including the specific elements of executive compensation that comprised the program in
fiscal 2013, please refer to the CD&amp;A, as well as the Summary Compensation Table and other executive compensation tables (and accompanying narrative disclosures) that follow the CD&amp;A, beginning on
page 15. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
advisory vote will not affect any compensation already paid or awarded to our NEOs and will not be binding on the Board or the Compensation Committee. However, the Compensation
Committee will review and carefully consider the outcome of the vote. If there are a significant number of negative votes, the Compensation Committee will seek to understand the concerns that
influenced the vote and consider them in making future executive compensation decisions. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Upon recommendation of the Compensation Committee of the Board, the Board unanimously recommends a vote FOR the approval of the compensation of our Named
Executive Officers.</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>68</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=70,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=114549,FOLIO='68',FILE='DISK129:[13ZCJ1.13ZCJ12401]DW12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dy12401_1_69"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dy12401_proposals_of_shareholders"> </A>
<A NAME="toc_dy12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  PROPOSALS OF SHAREHOLDERS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders who intend to present proposals and director nominees at the 2014 annual meeting of shareholders, and who wish to have
such proposals included in our Proxy Statement for the 2014 annual meeting, must be certain that such proposals are received by our Corporate Secretary, 7201&nbsp;Metro Boulevard, Edina, Minnesota
55439, not later than May&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2014. Such proposals must meet the requirements set forth in the rules and regulations of the SEC in order to be eligible for inclusion in the proxy
statement for our 2014 annual meeting. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any proposal that is not submitted for inclusion in our 2014 proxy statement, but is instead sought to be presented directly at the 2014 annual meeting of shareholders, we must
receive notice of such proposal not later than July&nbsp;24, 2014 and not earlier than June&nbsp;24, 2014, provided that in the event that the date of the 2014 annual meeting is more than
30&nbsp;days before or more than 70&nbsp;days after the anniversary date of the Annual Meeting, notice by the shareholder must be delivered not earlier than the close of business on the
120th&nbsp;day prior to the 2014 annual meeting and not later than the close of business on the later of the 90th&nbsp;day prior to the 2014 annual meeting or the 10th&nbsp;day following the day
on which public announcement of the date of such meeting is first made by us. Notices of intention to present proposals at our 2014 annual meeting should be addressed to our Secretary, 7201 Metro
Boulevard, Edina, Minnesota 55439. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dy12401_annual_report_to_shareholders_and_form_10-k"> </A>
<A NAME="toc_dy12401_2"> </A>
<BR></FONT><FONT SIZE=2><B>  ANNUAL REPORT TO SHAREHOLDERS AND FORM 10-K    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Annual Report to Shareholders and Form&nbsp;10-K, including financial statements for the year ended June&nbsp;30, 2013, is
available on our website at </FONT><FONT SIZE=2><I>www.regiscorp.com</I></FONT><FONT SIZE=2>. If requested, we will provide shareholders with copies of any exhibits to the Form&nbsp;10-K upon the
payment of a fee covering our reasonable expenses in furnishing the exhibits. Such requests should be directed to Eric A. Bakken, our Secretary, at our address stated herein. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dy12401_notice_of_internet_availability_of_proxy_materials"> </A>
<A NAME="toc_dy12401_3"> </A>
<BR></FONT><FONT SIZE=2><B>  NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>Important Notice Regarding the Availability of Proxy Materials for the Shareholders Meeting to be held on
October&nbsp;22, 2013.</B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>The Notice and Proxy Statement and Annual Report on Form&nbsp;10-K are available at  </B></FONT><FONT SIZE=2><B><I>www.eproxyaccess.com/rgs</I></B></FONT><FONT SIZE=2><B>.</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dy12401_general"> </A>
<A NAME="toc_dy12401_4"> </A>
<BR></FONT><FONT SIZE=2><B>  GENERAL    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board knows of no other matter to be acted upon at the Annual Meeting. However, if any other matter is properly brought before the
Annual Meeting, the shares covered by your proxy will be voted thereon in accordance with the best judgment of the persons acting under such proxy. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Your vote is very important no matter how many shares you own.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;You are urged to read this Proxy Statement carefully and, whether or not
you plan to
attend the Annual Meeting, to promptly submit a proxy by telephone or through the Internet in accordance with the voting instructions provided to you. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="50%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="50%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>By Order of the Board</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Eric A. Bakken<BR></FONT> <FONT SIZE=2><I>Secretary</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>September&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2013</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>69</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=71,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=228772,FOLIO='69',FILE='DISK129:[13ZCJ1.13ZCJ12401]DY12401A.;8',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_ea12401_1_1"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->
<P ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2><A
NAME="ea12401_appendix_a"> </A>
<A NAME="toc_ea12401_1"> </A>
<BR></FONT><FONT SIZE=2><B>  Appendix&nbsp;A    <BR>    </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ea12401_article_xi_election_of_directors"> </A>
<A NAME="toc_ea12401_2"> </A></FONT> <FONT SIZE=2><B>  ARTICLE XI    <BR>    <BR>    Election of Directors    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the rights, if any, of the holders of one or more classes or series of preferred or preference stock issued by the
corporation, voting separately by class or series to elect directors in accordance with the terms of such preferred or preference stock, each director shall be elected at a meeting of shareholders by
the vote of the majority of the votes cast with respect to the director, provided that directors shall be elected by a plurality of the votes present and entitled to vote on the election of directors
at any such meeting for which the number of nominees (other than nominees withdrawn on or prior to the day preceding the date the corporation first mails its notice for such meeting to the
shareholders) exceeds the number of directors to be elected. For purposes of this Article&nbsp;XI, action at a meeting shall mean action at a meeting which satisfies the notice and quorum
requirements imposed by the bylaws of this corporation, except as otherwise provided by law, and a majority of the votes cast means that the votes entitled to be cast by the holders of all then
outstanding shares of voting stock of the corporation that are voted "for" a director must exceed the votes entitled to be cast by the holders of all then outstanding shares of voting stock of the
corporation that are voted "against" that director. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>A-1</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=72,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=821068,FOLIO='A-1',FILE='DISK129:[13ZCJ1.13ZCJ12401]EA12401A.;3',USER='EYOUNG',CD='27-AUG-2013;15:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix B</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">REGIS CORPORATION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AMENDED AND RESTATED 2004 LONG TERM INCENTIVE PLAN</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(As proposed to be amended upon shareholder approval at the October&nbsp;22, 2013 annual meeting)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">TABLE OF CONTENTS</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="93%" colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="6%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.5pt;font-weight:bold;">Page</font></b></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="6%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;I ESTABLISHMENT AND   PURPOSE</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Establishment</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.2</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Purpose</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.3</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Compliance   with 409A</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;II DEFINITIONS</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Affiliate</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.2</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Agreement</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.3</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Award</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.4</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Beneficiary</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.5</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Board   of Directors or Board</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.6</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cause</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.7</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Change   in Control</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-2</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.8</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Code</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -3</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.9</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Commission</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -3</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.10</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Committee</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -3</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.11</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common   Stock</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -3</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.12</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Company</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -3</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.13</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Covered   Employee</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -3</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.14</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Disability</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -3</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.15</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exchange   Act</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -3</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.16</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exercise   Price</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -4</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.17</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fair   Market Value</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -4</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.18</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Grant   Date</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -4</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.19</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Incentive   Stock Option</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -4</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.20</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Non-Qualified   Stock Option</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -4</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.21</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Option   Period</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -4</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.22</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Participant</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -4</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.23</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Performance   Unit</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -4</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.24</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Plan</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -4</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.25</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Representative</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -4</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.26</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restatement   Effective Date</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -5</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.27</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restricted   Stock</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -5</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.28</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restricted   Stock Unit</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -5</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.29</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rule&nbsp;16b-3</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -5</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.30</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stock   Appreciation Right</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -5</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.31</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stock   Option or Option</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -5</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.32</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Termination   of Employment</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -5</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;III ADMINISTRATION</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -5</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Committee   Structure and Actions</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -5</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.2</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Committee   Authority</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -5</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.3</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Delegation   of Authority</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -7</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-i<a name="19324-4-BI-01_PB_i_134139_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=73,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=752975,FOLIO='B-i',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-01_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 14:10 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.4</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indemnification</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -7</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;IV SHARES SUBJECT TO   PLAN</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -7</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Number   of Shares</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -7</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Release   of Shares</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -7</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Substitute   Awards</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -7</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restrictions   on Awards</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -8</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholder   Rights</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -8</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.6</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Effect   of Certain Changes</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -8</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;V ELIGIBILITY</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -9</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Eligibility</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -9</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;IV STOCK OPTIONS</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -9</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">General</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -9</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.2</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Grant</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -9</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.3</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Terms   and Conditions</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -9</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.4</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Termination   by Reason of Death</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -10</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.5</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Termination   by Reason of Disability</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -10</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.6</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Termination   for Cause</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -10</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.7</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Other   Termination</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -10</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;IIV STOCK   APPRECIATION RIGHTS</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -11</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">General</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -11</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.2</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Grant</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -11</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.3</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Terms   and Conditions</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -11</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;VIII RESTRICTED   STOCK AND RESTRICTED STOCK UNITS</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -12</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">General</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -12</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.2</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Grant,   Awards and Certificates</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -12</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.3</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Terms   and Conditions</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -12</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;IX PERFORMANCE UNITS</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -13</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">General</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -13</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.2</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Earning   Performance Unit Awards</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -13</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.3</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Termination   of Employment Due to Death or Disability</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -13</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.4</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Nontransferability</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -13</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.5</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Election   to Defer</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -14</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.6</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payment</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -14</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;X CHANGE IN CONTROL   PROVISIONS</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -14</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Impact   of Event</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -14</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.2</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Additional   Discretion</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -14</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.3</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fundamental   Change</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -14</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;XI PROVISIONS   APPLICABLE TO SHARES ACQUIRED UNDER THIS PLAN</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -15</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No   Company Obligation</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -15</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.04%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;XII MISCELLANEOUS</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -15</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.1</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendments   and Termination; No Repricing</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -15</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.2</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Unfunded   Status of Plan</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -16</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.3</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Provisions   Relating to Internal Revenue Code Section&nbsp;162(m)</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -16</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.4</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No   Additional Obligation</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -17</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.5</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Withholding</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -17</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.6</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Controlling   Law</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -17</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-ii<a name="19324-4-BI-01_PB_ii_134228_5335"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=74,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=894709,FOLIO='B-ii',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-01_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 14:10 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.7</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Offset</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -17</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.8</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Nontransferability;   Beneficiaries</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -18</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.9</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gross-Up   for Excise Tax</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -18</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.10</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No   Rights with Respect to Continuance of Employment</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -18</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.11</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Awards   in Substitution for Awards Granted by Other Corporations</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -18</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.12</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Foreign   Alternatives</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -19</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.13</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Delivery   of Stock Certificates</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -19</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.14</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Headings</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -19</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.15</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Severability</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -19</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.16</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Successors   and Assigns</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -19</font></p>    </td>   </tr>
<tr>
<td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.17</font></p>    </td>
<td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Entire   Agreement</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.96%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B -19</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-iii<a name="19324-4-BI-01_PB_iii_134253_5796"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=75,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=155289,FOLIO='B-iii',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-01_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 14:10 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">REGIS CORPORATION<br> AMENDED AND RESTATED 2004 LONG TERM INCENTIVE PLAN</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ARTICLE&nbsp;I</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ESTABLISHMENT AND PURPOSE</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.1<i> Establishment.</i> The Regis Corporation 2004 Long Term Incentive Plan (&#147;Plan&#148;) was established by Regis Corporation (&#147;Company&#148;), effective as of May&nbsp;26, 2004 (the &#147;Effective Date&#148;), restated effective as of December&nbsp;31, 2008 to incorporate and supersede all prior amendments hereto and to make certain changes to comply with Section&nbsp;409A of the Internal Revenue Code of 1986, and further amended and restated as of the Restatement Effective Date, and shall be further amended to extend the term of the Plan as set forth in Section&nbsp;12.1 below.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.2<i> Purpose.</i> The purpose of the Plan is to foster and promote the long-term financial success of the Company and materially increase shareholder value by motivating performance through incentive compensation. The Plan also is intended to encourage Participant ownership in the Company, attract and retain talent, and enable Participants to participate in the long-term growth and financial success of the Company. The Plan and the grant of Awards thereunder are expressly conditioned upon the Plan&#146;s approval by the shareholders of the Company.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.3<i> Compliance with 409A.</i> The Plan is intended to meet the requirements of paragraph (2), (3)&nbsp;and (4)&nbsp;of Code Section&nbsp;409A(a)&nbsp;to the extent applicable, and the terms and provisions of the Plan should be interpreted and applied in a manner consistent with such requirements, including the regulations and other guidance issued under Code Section&nbsp;409A.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ARTICLE&nbsp;II</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">DEFINITIONS</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For purposes of the Plan, the following terms are defined as set forth below:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.1 &#147;<i>Affiliate</i>&#148; means any entity that is a subsidiary or a parent corporation, as defined in Section&nbsp;424(e)&nbsp;of the Code, of the Company or any other entity designated by the Committee as covered by the Plan in which the Company has, directly or indirectly, at least a 20% voting interest.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.2 &#147;<i>Agreement</i>&#148; means any agreement entered into pursuant to the Plan by which an Award is granted to a Participant, and any amendments thereto.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.3 &#147;<i>Award</i>&#148; means any Stock Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit or Performance Unit granted to a Participant under the Plan. Awards shall be subject to the terms and conditions of the Plan and shall be evidenced by an Agreement containing such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall deem desirable.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.4 &#147;<i>Beneficiary</i>&#148; means any person or other entity, which has been designated by a Participant in his or her most recent written beneficiary designation filed with the Committee to receive the compensation, specified under the Plan to the extent permitted. If there is no designated beneficiary, then the term means any person or other entity entitled by will or the laws of descent and distribution to receive such compensation.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.5 &#147;<i>Board of Directors</i>&#148; or &#147;<i>Board</i>&#148; means the Board of Directors of the Company.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.6 &#147;<i>Cause</i>&#148; means, for purposes of determining whether and when a Participant has incurred a Termination of Employment for Cause, any act or omission which permits the Company to terminate the written employment agreement or arrangement between the Participant and the Company or an Affiliate for &#147;cause&#148; as defined in such</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1<a name="19324-4-BI-01_PB_1_134337_2897"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=76,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=834088,FOLIO='B-1',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-01_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 14:10 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">agreement or arrangement. In the event there is no such agreement or arrangement or the agreement or arrangement does not define the term &#147;Cause,&#148; then &#147;Cause&#148; means (1)&nbsp;with respect to Awards granted before the Restatement Effective Date, the Participant&#146;s intentional participation in illegal conduct which (i)&nbsp;is materially and directly detrimental to the financial interests of the Company or an Affiliate and (ii)&nbsp;results in the Participant&#146;s conviction of a felony and (2)&nbsp;with respect to Awards granted on or after the Restatement Effective Date, (i)&nbsp;(a)&nbsp;a felony conviction under any Federal or state statute which is materially detrimental to the financial interests of the Company, or (b)&nbsp;willful non-performance by the Participant of his or her material employment duties other than by reason of his or her physical or mental incapacity after reasonable written notice to the Participant and reasonable opportunity (not less than thirty (30) days) to cease such non-performance; or (ii)&nbsp;the Participant willfully engaging in fraud or gross misconduct which is materially detrimental to the financial interests of the Company.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.7 &#147;<i>Change in Control</i>&#148; means:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&nbsp;with respect to Awards granted before January&nbsp;1, 2009, the first to occur of any of the following events:</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&nbsp;the acquisition by any &#147;person,&#148; as that term is used in Sections 13(d)&nbsp;and 14(d)&nbsp;of the Exchange Act of &#147;beneficial ownership,&#148; as defined in Rule&nbsp;13d-3 under the Exchange Act, directly or indirectly, of 20% or more of the shares of the Company&#146;s capital stock;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&nbsp;the first day on which less than two-thirds of the total membership of the Board of Directors shall be Continuing Directors (as that term is defined in Article&nbsp;VII of the Company&#146;s Articles of Incorporation);</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&nbsp;the approval by the shareholders of the Company of a merger, share exchange, or consolidation of the Company (a &#147;Transaction&#148;), other than a Transaction which would result in the Voting Stock of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the Voting Stock of the Company or such surviving entity immediately after such Transaction; or</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&nbsp;the approval by the shareholders of the Company of a complete liquidation of the Company or a sale or disposition of all or substantially all the assets of the Company; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&nbsp;with respect to Awards granted on or after January&nbsp;1, 2009, the first to occur of any of the following events:</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&nbsp;any &#147;person&#148; within the meaning of Section&nbsp;2(a)(2)&nbsp;of the Securities Act of 1933 and Section&nbsp;14(d)&nbsp;of the Exchange Act is or has become the &#147;beneficial owner,&#148; as defined in Rule&nbsp;13d-3 under the Exchange Act, of twenty percent (20%) or more of either (i)&nbsp;the then outstanding shares of Common Stock of the Company (the &#147;Outstanding Common Stock&#148;) or (ii)&nbsp;the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the &#147;Outstanding Voting Securities&#148;), except for an acquisition by an entity resulting from a Business Combination (as defined below) in which clauses (x)&nbsp;and (y)&nbsp;of subparagraph (b)&nbsp;applies;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&nbsp;consummation of (i)&nbsp;a merger or consolidation of the Company with or into another entity, (ii)&nbsp;a statutory share exchange or (iii)&nbsp;the acquisition by any person (as defined above) of all or substantially all of the assets of the Company (each, a &#147;Business Combination&#148;), unless immediately following such Business Combination, (x)&nbsp;all or substantially all of the beneficial owners of the Outstanding Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than fifty percent (50%) of the voting power of the then outstanding shares of voting stock (or comparable voting equity interests) of the surviving or acquiring entity resulting from such Business Combination (including such beneficial ownership of an entity that, as a result of such transaction, owns the Company or all or substantially all of the</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-2<a name="19324-4-BI-01_PB_2_134418_3020"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=77,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=123622,FOLIO='B-2',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-01_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 14:10 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Company&#146;s assets either directly or through one or more subsidiaries), in substantially the same proportions (as compared to the other beneficial owners of the Company&#146;s voting stock immediately prior to such Business Combination) as their beneficial ownership of the Company&#146;s voting stock immediately prior to such Business Combination and (y)&nbsp;no person (as defined above) beneficially owns, directly or indirectly, twenty percent (20%) or more of the voting power of the outstanding voting stock (or comparable equity interests) of the surviving or acquiring entity (other than a direct or indirect parent entity of the surviving or acquiring entity, that, after giving effect to the Business Combination, beneficially owns, directly or indirectly, 100% of the outstanding voting stock (or comparable equity interests) of the surviving or acquiring entity), or</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&nbsp;individuals who constitute the Company&#146;s Board of Directors on the Effective Date (the &#147;Incumbent Board&#148;) have ceased for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the Effective Date whose election, or nomination for election by the Company&#146;s stockholders, was approved by a vote of at least three-quarters (75%) of the directors comprising the Incumbent Board shall be, for purposes of this Plan, considered as though such person were a member of the Incumbent Board;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">provided, however, that for any payment with respect to any Award under the Plan that is subject to Section&nbsp;409A of the Code, the Change in Control must also be a change in control event under Treas. Reg. Section&nbsp;1.409A-3(i)(5).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.8 &#147;<i>Code</i>&#148; means the Internal Revenue Code of 1986, as amended from time to time, and any successor, along with related rules, regulations and interpretations.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.9 &#147;<i>Commission</i>&#148; means the Securities and Exchange Commission or any successor thereto.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.10 &#147;<i>Committee</i>&#148; means the committee of the Board responsible for granting Awards under the Plan, which shall be the Compensation Committee of the Board, until such time as the Board may designate a different committee. The Committee shall consist solely of two or more directors, each of whom is a &#147;Non-Employee Director&#148; within the meaning of Rule&nbsp;16b-3 and each of whom is also an &#147;outside director&#148; under Section&nbsp;162(m)&nbsp;of the Code. In addition, each member of the Committee must be an &#147;independent director&#148; as determined under the corporate governance rules&nbsp;of the New York Stock Exchange, as amended from time to time.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.11 &#147;<i>Common Stock</i>&#148; means the shares of the Company&#146;s common stock, $0.05 par value, whether presently or hereafter issued, and any other stock or security resulting from adjustment thereof as described hereinafter, or the common stock of any successor to the Company which is designated for the purpose of the Plan.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.12 &#147;<i>Company</i>&#148; means Regis Corporation, a Minnesota corporation, and includes any successor or assignee corporation or corporations into which the Company may be merged, changed or consolidated; any corporation for whose securities the securities of the Company shall be exchanged; and any assignee of or successor to substantially all of the assets of the Company.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.13 &#147;<i>Covered Employee</i>&#148; means a Participant who, in the sole judgment of the Committee, may be treated as a &#147;covered employee&#148; within the meaning of Section&nbsp;162(m)&nbsp;of the Code at the time income is recognized by the Participant in connection with an Award that is intended to qualify for the Performance-Based Exception (as defined below).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.14 &#147;<i>Disability</i>&#148; means that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.15 &#147;<i>Exchange Act</i>&#148; means the Securities Exchange Act of 1934, as amended, and the rules&nbsp;and regulations promulgated thereunder.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-3<a name="19324-4-BI-01_PB_3_134435_7748"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=78,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=934657,FOLIO='B-3',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-01_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 14:10 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.16 &#147;<i>Exercise Price</i>&#148; means the price at which the Common Stock may be purchased under an Option or may be obtained under a Stock Appreciation Right.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.17 &#147;<i>Fair Market Value</i>&#148; means the value of one share of Common Stock, determined pursuant to the applicable method described below, without regard to whether the Common Stock is restricted or represents a minority interest:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&nbsp;if the Common Stock is listed on a securities exchange or quoted on an automated quotation system, the closing price of a share of Common Stock on the relevant date (or, if such date is not a business day or a day on which quotations are reported, then on the immediately preceding date on which quotations were reported) or if a closing price was not reported on the grant date, then the arithmetic mean of the high and low prices on that date or on the first preceding trading date, as reported by the principal national exchange on which such shares are traded (in the case of an exchange) or by the automated quotation system, as the case may be;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&nbsp;if the Common Stock is not listed on a national securities exchange or quoted on the automated quotation system, but is actively traded in the over-the counter market, the average of the closing bid and asked prices for a share of the Common Stock on the relevant date (or, if such date is not a business day or a day on which quotations are reported, then on the immediately preceding date on which quotations were reported), or the most recent preceding date for which such quotations are reported; and</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)&nbsp;if, on the relevant date, the Common Stock is not publicly traded or reported as described in (1)&nbsp;or (2)&nbsp;above, the value determined by the reasonable application of a reasonable valuation method which is consistent with Treas. Reg. &#167; 1.409A-1(b)(5)(iv), selected in good faith by the Board.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.18 &#147;<i>Grant Date</i>&#148; means the date as of which an Award is granted pursuant to the Plan or such later effective date for the Award as specified at the time of grant.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.19 &#147;<i>Incentive Stock Option</i>&#148; means any Stock Option intended to be and designated as an &#147;incentive stock option&#148; within the meaning of Section&nbsp;422 of the Code.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.20 &#147;<i>Non-Qualified Stock Option</i>&#148; means an Option to purchase Common Stock in the Company granted under the Plan, the taxation of which is pursuant to Section&nbsp;83 of the Code.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.21 &#147;<i>Option Period</i>&#148; means the period during which the Option remains outstanding in accordance with an Agreement and Article&nbsp;VI.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.22 &#147;<i>Participant</i>&#148; means a person who satisfies the eligibility conditions of Article&nbsp;V and to whom an Award has been granted by the Committee under the Plan. In the event that a Representative is appointed for a Participant, then the term &#147;Participant&#148; shall mean such appointed Representative. Notwithstanding the appointment of a Representative, the term &#147;Termination of Employment&#148; shall mean the Termination of Employment of the Participant.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.23 &#147;<i>Performance Unit</i>&#148; shall have the meaning set forth in Section&nbsp;9.1 hereof.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.24 &#147;<i>Plan</i>&#148; means the Regis Corporation 2004 Long Term Incentive Plan, as herein set forth and as may be amended from time to time.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.25 &#147;<i>Representative</i>&#148; means (a)&nbsp;the person or entity acting as the executor or administrator of a Participant&#146;s estate pursuant to the last will and testament of a Participant or pursuant to the laws of the jurisdiction in which the Participant had the Participant&#146;s primary residence at the date of the Participant&#146;s death; (b)&nbsp;the person or entity acting as the guardian or temporary guardian of a Participant; (c)&nbsp;the person or entity which is the beneficiary of the Participant upon or following the Participant&#146;s death; or (d)&nbsp;the person to whom an Award has been permissibly</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-4<a name="19324-4-BI-01_PB_4_134501_141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=79,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=858589,FOLIO='B-4',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-01_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 14:10 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">transferred; provided that only one of the foregoing shall be the Representative at any point in time as determined under applicable law and recognized by the Committee.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.26 &#147;<i>Restatement Effective Date</i>&#148; means the date on which this Plan, as amended and restated, is approved by the Company&#146;s shareholders at the Company&#146;s 2010 annual meeting of shareholders.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.27 &#147;<i>Restricted Stock</i>&#148; means Common Stock granted to a Participant under Section&nbsp;8.1 hereof and which is subject to certain restrictions and to a risk of forfeiture or repurchase by the Company.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.28 &#147;<i>Restricted Stock Unit</i>&#148; means an Award to a Participant under Section&nbsp;8.1 hereof under which no Common Stock actually is awarded to the Participant on the date of grant. Each Award of a Restricted Stock Unit entitles a Participant to receive a share of Common Stock, or cash in the amount of the Fair Market Value of a share of Common Stock, as of a future date, subject to certain restrictions and to a risk of forfeiture.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.29 &#147;<i>Rule&nbsp;16b-3</i>&#148; means Rule&nbsp;16b-3, as from time to time in effect and applicable to the Plan and Participants, promulgated by the Commission under Section&nbsp;16 of the Exchange Act.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.30 &#147;<i>Stock Appreciation Right</i>&#148; means a right granted under Article&nbsp;VII.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.31 &#147;<i>Stock Option</i>&#148; or &#147;<i>Option</i>&#148; means a right, granted to a Participant under Section&nbsp;6.1 hereof, to purchase Common Stock at a specified price during specified time periods.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.32 &#147;<i>Termination of Employment</i>&#148; means the occurrence of any act or event whether pursuant to an employment agreement or otherwise that actually or effectively causes or results in the person&#146;s ceasing, for whatever reason, to be any and all of an officer or employee of the Company or of any Affiliate, including, without limitation, death, Disability, dismissal, severance at the election of the Participant, retirement, or severance as a result of the discontinuance, liquidation, sale or transfer by the Company or its Affiliates of a business owned or operated by the Company or its Affiliates.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With respect to any person who is not an employee with respect to the Company or an Affiliate (such as a non-employee member of the Board), the Agreement shall establish what act or event shall constitute a Termination of Employment for purposes of the Plan. A Termination of Employment shall occur with respect to an employee who is employed by an Affiliate if the Affiliate shall cease to be an Affiliate and the Participant shall not immediately thereafter become an employee of the Company or an Affiliate. To the extent that an Award granted under the Plan is subject to Internal Revenue Code Section&nbsp;409A, a Termination of Employment shall mean a &#147;separation from service&#148; under Code Section&nbsp;409A and the regulations and guidance issued with respect thereto (all references herein to Code Section&nbsp;409A shall include such regulations and guidance). Notwithstanding the foregoing, no Termination of Employment shall be deemed to have occurred in the case of (1)&nbsp;an approved leave of absence; and (2)&nbsp;any change in status so long as the individual remains in the service of the Company or any Affiliate in a capacity that satisfies the eligibility conditions of Article&nbsp;V.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, certain other terms used herein have definitions given to them in the first place in which they are used.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ARTICLE&nbsp;III</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ADMINISTRATION</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.1<i> Committee Structure and Actions.</i> The Plan shall be administered by the Committee in accordance with the rules&nbsp;and responsibilities of the Committee.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.2<i> Committee Authority.</i> Subject to the terms of the Plan, the Committee shall have the authority:</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-5<a name="19324-4-BI-01_PB_5_134533_7608"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=80,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=506096,FOLIO='B-5',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-01_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 14:10 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&nbsp;to select those persons to whom Awards may be granted from time to time;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&nbsp;to determine whether and to what extent Awards are to be granted hereunder;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)&nbsp;to determine the number of shares of Common Stock to be covered by each Award granted hereunder;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)&nbsp;to determine the terms and conditions of any Award granted hereunder, provided that the Exercise Price of any Option or Stock Appreciation Right shall not be less than the Fair Market Value per share as of the Grant Date;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)&nbsp;to adjust the terms and conditions, at any time or from time to time, of any Award, subject to the limitations of Section&nbsp;12.1;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(6)&nbsp;to determine to what extent and under what circumstances shares of Common Stock and other amounts payable with respect to an Award shall be deferred;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(7)&nbsp;to provide for the forms of Agreement to be utilized in connection with this Plan;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(8)&nbsp;to determine what legal requirements are applicable to the Plan, Awards, and the issuance of Common Stock, and to require of a Participant that appropriate action be taken with respect to such requirements;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(9)&nbsp;to cancel, with the consent of the Participant or as otherwise provided in the Plan or an Agreement, outstanding Awards;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(10)&nbsp;to require as a condition of the exercise of an Award or the issuance or transfer of a certificate (or other representation of title) of Common Stock, the withholding from a Participant of the amount of any taxes as may be necessary in order for the Company or any other employer to obtain a deduction or as may be otherwise required by law;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(11) to determine whether and with what effect an individual has incurred a Termination of Employment (or, as applicable, a &#147;separation from service&#148; pursuant to Code Section&nbsp;409A);</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(12) to determine the restrictions or limitations on the transfer of Common Stock;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(13) to determine whether an Award is to be adjusted, modified or purchased, or is to become fully exercisable, under the Plan or the terms of an Agreement;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(14) to determine the permissible methods of Award exercise and payment within the terms and conditions of the Plan and the particular Agreement;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(15) to adopt, amend and rescind such rules&nbsp;and regulations as, in its opinion, may be advisable in the administration of this Plan; and</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(16) to appoint and compensate agents, counsel, auditors or other specialists to aid it in the discharge of its duties.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Committee shall have the authority to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan as it shall, from time to time, deem advisable, to interpret the terms and provisions of the Plan and any Award issued under the Plan (and any Agreement) and to otherwise supervise the administration of the Plan. The Committee&#146;s policies and procedures may differ with respect to Awards granted at different times and may differ with respect to a Participant from time to time, or with respect to different Participants at the same or different times.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-6<a name="19324-4-BI-01_PB_6_134544_8146"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=81,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=177585,FOLIO='B-6',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-01_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 14:10 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any determination made by the Committee pursuant to the provisions of the Plan shall be made in its sole discretion, and in the case of any determination relating to an Award may be made at the time of the grant of the Award or, unless in contravention of any express term of the Plan or an Agreement, at any time thereafter. All decisions made by the Committee pursuant to the provisions of the Plan shall be final and binding on all persons, including the Company and Participants. Any determination shall not be subject to <i>de novo</i> review if challenged in court.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.3<i> Delegation of Authority.</i> To the extent not inconsistent with applicable law or stock exchange rules, the Committee may delegate all or any portion of its authority under the Plan to determine and administer Awards to Participants who are not subject to Section&nbsp;16 of the Exchange Act to one or more persons who are either members of the Board of Directors or executive officers of the Company.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.4<i> Indemnification.</i> Each person who is or has been a member of the Committee or of the Board, and any other person to whom the Committee delegates authority under the Plan, shall be indemnified and held harmless by the Company, to the extent permitted by law, against and from (1)&nbsp;any loss, cost, liability or expense that may be imposed upon or reasonably incurred by such person in connection with or resulting from any claim, action, suit or proceeding to which such person may be a party or in which such person may be involved by reason of any action taken or failure to act, made in good faith, under the Plan and (2)&nbsp;any and all amounts paid by such person in settlement thereof, with the Company&#146;s approval, or paid by such person in satisfaction of any judgment in any such action, suit or proceeding against such person, provided such person shall give the Company an opportunity, at the Company&#146;s expense, to handle and defend the same before such person undertakes to handle and defend it on such person&#146;s own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such person or persons may be entitled under the Company&#146;s articles of incorporation or bylaws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ARTICLE&nbsp;IV</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">SHARES SUBJECT TO PLAN</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1<i> Number of Shares.</i> As originally adopted in 2004, the Plan provided for the reservation and authorization of 2,500,000 shares of Common Stock, which share pool has been largely exhausted. Subject to the adjustment under Section&nbsp;4.6, as of the Restatement Effective Date, an additional 4,250,000 shares of Common Stock shall be reserved and available for distribution pursuant to Awards under the Plan. Such shares may consist, in whole or in part, of authorized and unissued shares or shares acquired from a third party.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2<i> Release of Shares.</i> The Committee shall have full authority to determine the number of shares of Common Stock available for Awards, which shall include (without limitation) as available for distribution any shares of Common Stock that have ceased to be subject to an Award; any shares of Common Stock subject to any Award that have been previously forfeited; any shares under an Award that otherwise terminates without issuance of Common Stock being made to a Participant; or any shares of Common Stock that are received by the Company in connection with the exercise of an Award, including the satisfaction of any tax liability or tax withholding obligation. Any shares that are available immediately prior to the termination of the Plan, or any shares of Common Stock returned to the Company for any reason subsequent to the termination of the Plan, may be transferred to a successor plan.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3<i> Substitute Awards.</i> Substitute awards granted pursuant to Section&nbsp;12.11 of the Plan shall not be charged against the maximum number of shares set forth above. Additionally, in the event that a company acquired by the Company or an Affiliate or which the Company or any Affiliate combines has shares available under a pre-existing plan approved by shareholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not be charged against the foregoing maximum share limitations; provided that Awards using such available shares shall not be made after the date awards or grants could have been</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-7<a name="19324-4-BI-01_PB_7_134618_7091"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=82,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=234956,FOLIO='B-7',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-01_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 14:10 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were not employees of the Company or an Affiliate prior to such acquisition or combination.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4<i> Restrictions on Awards.</i> Common Stock issued upon exercise of an Award shall be subject to the terms and conditions specified herein and to such other terms, conditions and restrictions as the Committee in its discretion may determine or provide in the Award Agreement. The Company shall not be required to issue or deliver any certificates for Common Stock, cash or other property prior to (i)&nbsp;the completion of any registration or qualification of such shares under federal, state or other law, or any ruling or regulation of any government body which the Committee determines to be necessary or advisable; (ii)&nbsp;the satisfaction of any applicable withholding obligation in order for the Company or an Affiliate to obtain a deduction or discharge its legal obligation with respect to the exercise of an Award; or (iii)&nbsp;where required by Code Section&nbsp;409A for payments or transfers made upon a Participant&#146;s &#147;separation from service&#148; as defined in Code Section&nbsp;409A to a Participant who is a &#147;specified employee&#148; under Code Section&nbsp;409A, the first business day after the expiration of the six month period following such separation from service or if earlier, the date of Participant&#146;s death. The Company may cause any certificate (or other representation of title) for any shares of Common Stock to be delivered to be properly marked with a legend or other notation reflecting the limitations on transfer of such Common Stock as provided in this Plan or as the Committee may otherwise require. The Committee may require any person exercising an Award to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of the Common Stock in compliance with applicable law or otherwise. Fractional shares shall not be delivered, but shall be rounded to the next lower whole number of shares.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5<i> Shareholder Rights.</i> No person shall have any rights of a shareholder as to Common Stock subject to an Award until, after proper exercise of the Award or other action required, such shares shall have been recorded on the Company&#146;s official shareholder records as having been issued and transferred. Upon exercise of the Award or any portion thereof, the Company will have a reasonable period in which to issue and transfer the shares, and the Participant will not be treated as a shareholder for any purpose whatsoever prior to such issuance and transfer. No adjustment shall be made for cash dividends or other rights for which the record date is prior to the date such shares are recorded as issued and transferred in the Company&#146;s official shareholder records, except as provided herein or in an Agreement.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.6<i> Effect of Certain Changes.</i> In the event of any equity restructuring (within the meaning of Financial Accounting Standards Board Accounting Standards Codification Topic 718, referred to as &#147;ASC Topic 718&#148;) that causes the per share value of shares of Common Stock to change, such as a stock dividend or stock split, the Committee shall cause there to be made an equitable adjustment to the number and kind of shares of Common Stock or other securities issued or reserved for issuance pursuant to the Plan, to limits on numbers of certain types of Awards and per-Participant limitations, and to outstanding Awards (including but not limited to the number and kind of shares of Common Stock to which such Awards are subject, and the exercise or strike price of such Awards) to the extent such other Awards would not otherwise automatically adjust in the equity restructuring; provided, in each case, that with respect to Incentive Stock Options, no such adjustment shall be authorized to the extent that such adjustment would cause such Incentive Stock Option to violate Section&nbsp;422(b)&nbsp;of the Code or any successor provision; provided, further, that no such adjustment shall be authorized under this Section&nbsp;to the extent that such adjustment would cause an Award to be subject to adverse tax consequences under Section&nbsp;409A of the Code. In the event of any other change in corporate capitalization, which may include a merger, consolidation, any reorganization (whether or not such reorganization comes within the definition of such term in Section&nbsp;368 of the Code), or any partial or complete liquidation of the Company to the extent such events do not constitute equity restructurings or business combinations within the meaning of ASC Topic 718, such equitable adjustments described in the foregoing sentence may be made as determined to be appropriate and equitable by the Committee to prevent dilution or enlargement of rights. In either case, any such adjustment shall be conclusive and binding for all purposes of the Plan. Unless otherwise determined by the Committee, the number of shares of Common Stock subject to an Award shall always be a whole number.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-8<a name="19324-4-BI-01_PB_8_134631_455"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=83,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=663369,FOLIO='B-8',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-01_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 14:10 2013' -->

<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ARTICLE&nbsp;V</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ELIGIBILITY</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.1<i> Eligibility.</i> Except as herein provided, the persons who shall be eligible to participate in the Plan and be granted Awards shall be those persons who are common law employees of the Company or any Affiliate, non-employee members of the Board, or other individuals selected by the Committee. Of those persons described in the preceding sentence, the Committee may, from time to time, select persons to be granted Awards and shall determine the terms and conditions with respect thereto. In making any such selection and in determining the form of the Award, the Committee shall give consideration to such factors deemed appropriate by the Committee.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ARTICLE&nbsp;VI</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">STOCK OPTIONS</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.1<i> General.</i> The Committee shall have authority to grant Options under the Plan at any time or from time to time. An Option shall entitle the Participant to receive Common Stock upon exercise of such Option, subject to the Participant&#146;s satisfaction in full of any conditions, restrictions or limitations imposed in accordance with the Plan or an Agreement (the terms and provisions of which may differ from other Agreements) including, without limitation, payment of the Exercise Price.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.2<i> Grant.</i> The grant of an Option shall occur as of the Grant Date determined by the Committee. Stock Options may be granted alone or in connection with other Awards. An Award of Options shall be evidenced by, and subject to the terms of, an Agreement. Only a person who is a common-law employee of the Company, any parent corporation of the Company, or a subsidiary (as such terms are defined in Section&nbsp;424 of the Code) on the date of grant shall be eligible to be granted an Incentive Stock Option. To the extent that any Option is not designated as an Incentive Stock Option or even if so designated does not qualify as an Incentive Stock Option, it shall constitute a Non-Qualified Stock Option.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.3<i> Terms and Conditions.</i> Options shall be subject to such terms and conditions as shall be determined by the Committee, including the following:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&nbsp;<i>Exercise Price.</i> Except in the case of substitute awards granted pursuant to Section&nbsp;12.11 of the Plan, the Exercise Price per share shall not be less than the Fair Market Value per share as of the Grant Date. If an Option intended to qualify as an Incentive Stock Option is granted to an individual who owns or who is deemed to own shares possessing more than ten percent (10%) of the combined voting power of all classes of stock of the Company, a corporation which is a parent corporation of the Company, or any subsidiary of the Company (each as defined in Section&nbsp;424 of the Code) (a &#147;10% Owner&#148;), the Exercise Price per share shall not be less than one hundred ten percent (110%) of such Fair Market Value per share.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&nbsp;<i>Option Period.</i> The Option Period of each Option shall be fixed by the Committee, provided that no Option shall be exercisable more than ten (10)&nbsp;years after the date the Option is granted. In the case of an Incentive Stock Option granted to a 10% Owner, the Option Period shall not exceed five (5)&nbsp;years. No Option which is intended to be an Incentive Stock Option shall be granted more than ten (10)&nbsp;years from the date the Plan is adopted by the Company or the date the Plan is approved by the shareholders of the Company, whichever is earlier.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)&nbsp;<i>Exercisability.</i> Unless otherwise provided in an Award Agreement, Options shall become exercisable at the rate of twenty percent (20%) of the total number of shares as of each anniversary of the Grant Date. In addition, the Committee may at any time accelerate the exercisability of all or part of any Option. If the Committee intends that an Option be able to qualify as an Incentive Stock Option, the Committee may, in its discretion, provide that the aggregate Fair Market Value (determined at the date of grant of the Option)</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-9<a name="19324-4-BI-03_PB_9_134845_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=84,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=120874,FOLIO='B-9',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-03_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 22:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of the Common Stock as to which such Incentive Stock Option held by a Participant which is exercisable for the first time during any calendar year (including all other incentive stock options held by the Participant issued under all plans of the Company and its Affiliates), shall not exceed $100,000.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)&nbsp;<i>Method of Exercise.</i> Subject to the provisions of this Article&nbsp;VI and the Agreement, a Participant may exercise Options, in whole or in part after they become exercisable, during the Option Period by giving written notice of exercise on a form provided by the Committee to the Company specifying the number of shares of Common Stock subject to the Option to be purchased or in such other manner as is prescribed by the Committee or its delegates. Such notice shall be accompanied by payment in full of the purchase price by cash or certified check or such other form of payment as the Company may accept. If permitted by the Committee, payment in full or in part may also be made by (i)&nbsp;withholding Common Stock otherwise issuable to the Participant upon exercise of the Option or by delivering Common Stock already owned by the Participant, in each case having a total Fair Market Value on the date of exercise equal to the Option Price; (ii<b>)</b>&nbsp;the delivery of cash by a broker-dealer as a &#147;cashless&#148; exercise, provided such method of payment may not be used by a director or executive officer of the Company to the extent it would violate the Sarbanes-Oxley Act of 2002; or (iii)&nbsp;any combination of the foregoing.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)&nbsp;<i>Non-transferability of Options.</i> Except as provided under the Plan or an Agreement, or as otherwise approved by the Committee, no Option shall be sold, assigned, margined, transferred, encumbered, conveyed, gifted, alienated, hypothecated, pledged, or otherwise disposed of, other than by will or by the laws of descent and distribution, and all Options shall be exercisable during the Participant&#146;s lifetime only by the Participant or the Participant&#146;s Representative.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.4<i> Termination by Reason of Death.</i> Unless otherwise provided in an Agreement or determined by the Committee, if a Participant incurs a Termination of Employment due to death or dies within three (3)&nbsp;months after a termination described in Section&nbsp;6.6, any unexpired and unexercised Option held by such Participant shall thereafter be fully exercisable for a period of one (1)&nbsp;year immediately following the date of such death or until the expiration of the Option Period, whichever period is the shorter.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.5<i> Termination by Reason of Disability.</i> Unless otherwise provided in an Agreement or determined by the Committee, if a Participant incurs a Termination of Employment due to a Disability, any unexpired and unexercised Option held by such Participant shall thereafter be fully exercisable by the Participant for a period of one (1)&nbsp;year immediately following the date of such Disability or until the expiration of the Option Period, whichever period is the shorter, and the Participant&#146;s death at any time following such Termination of Employment due to Disability shall not affect the foregoing.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.6<i> Termination for Cause.</i> If the Participant incurs a Termination of Employment for Cause, the Option shall terminate immediately.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.7<i> Other Termination.</i> Unless otherwise provided in an Agreement or determined by the Committee, if a Participant incurs a Termination of Employment that is involuntary on the part of the Participant (but is not due to death, Disability or termination for Cause) or is voluntary on the part of the Participant, any Option held by such Participant shall thereupon terminate, except that such Option, to the extent then exercisable, may be exercised for the lesser of the ninety (90) consecutive day period commencing with the date of such Termination of Employment or until the expiration of the Option Period whichever period is the shorter. Unless otherwise provided in an Agreement, the death or Disability of a Participant after a Termination of Employment otherwise provided herein shall not extend the time permitted to exercise an Option.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-10<a name="19324-4-BI-03_PB_10_134900_5335"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=85,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=530981,FOLIO='B-10',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-03_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 22:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ARTICLE&nbsp;VII</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">STOCK APPRECIATION RIGHTS</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.1<i> General.</i> The Committee shall have authority to grant Stock Appreciation Rights under the Plan at any time or from time to time. Stock Appreciation Rights may be awarded either alone or in addition to other Awards granted under the Plan. Subject to the Participant&#146;s satisfaction in full of any conditions, restrictions or limitations imposed in accordance with the Plan or an Agreement, a Stock Appreciation Right shall entitle the Participant to surrender to the Company the Stock Appreciation Right and to be paid therefore in Common Stock the amount described in Section&nbsp;7.3(2).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.2<i> Grant.</i> The grant of a Stock Appreciation Right shall occur as of the Grant Date determined by the Committee. Except in the case of substitute awards granted pursuant to Section&nbsp;12.11 of the Plan, in no event shall the Exercise Price per share be less than the Fair Market Value per share as of the Grant Date. A Stock Appreciation Right entitles a Participant to receive Common Stock as determined by the Committee and set forth in the Award Agreement in accordance with Section&nbsp;7.3(2). An Award of Stock Appreciation Rights shall be evidenced by, and subject to the terms of an Agreement, which shall become effective upon execution by the Participant.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.3<i> Terms and Conditions.</i> Stock Appreciation Rights shall be subject to such terms and conditions as shall be determined by the Committee, including the following:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&nbsp;<i>Period and Exercise.</i> The term of a Stock Appreciation Right shall be established by the Committee. A Stock Appreciation Right shall be for such period and shall be exercisable at such times and to the extent provided in the Agreement. Subject to Section&nbsp;10.1 and the terms set by the Committee, Stock Appreciation Rights shall be exercisable at the rate of twenty percent (20%) of the shares subject to the Award as of each anniversary of the Grant Date. In addition, the Committee may at any time accelerate the exercisability of all or part of any Stock Appreciation Right. Stock Appreciation Rights shall be exercised by the Participant&#146;s giving written notice of exercise on a form provided by the Committee (if available) to the Company specifying the portion of the Stock Appreciation Right to be exercised or in such other manner as is prescribed by the Committee or its delegates.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&nbsp;<i>Amount.</i> Upon the exercise of a Stock Appreciation Right, a Participant shall be entitled to receive an amount in cash or Common Stock equal in value to the excess of the Fair Market Value per share of Common Stock as of the date of exercise over the Exercise Price per share of Common Stock specified in the related Agreement, multiplied by the number of shares in respect of which the Stock Appreciation Right is exercised. For purposes of determining the number of shares of Common Stock to be delivered upon exercise of a Stock Appreciation Right to be paid in stock, the amount the Participant is entitled to receive in accordance with the foregoing sentence shall be divided by the Fair Market Value per share of Common Stock as of the date of exercise of such Stock Appreciation Right.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)&nbsp;<i>Non-transferability of Stock Appreciation Rights.</i> Except as provided in the Plan or in an Agreement, no Stock Appreciation Rights shall be sold, assigned, margined, transferred, encumbered, conveyed, gifted, alienated, hypothecated, pledged or otherwise disposed of, other than by will or the laws of descent and distribution, and all Stock Appreciation Rights shall be exercisable during the Participant&#146;s lifetime only by the Participant or the Participant&#146;s Representative.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)&nbsp;<i>Termination.</i> A Stock Appreciation Right shall be forfeited or terminated at such time as an Option would be forfeited or terminated under the Plan, unless otherwise provided in an Agreement.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-11<a name="19324-4-BI-03_PB_11_134910_5796"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=86,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=534658,FOLIO='B-11',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-03_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 22:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ARTICLE&nbsp;VIII</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">RESTRICTED STOCK AND RESTRICTED STOCK UNITS</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.1<i> General.</i> The Committee shall have authority to grant Restricted Stock and/or Restricted Stock Units under the Plan at any time or from time to time. The Committee shall determine the number of shares of Restricted Stock and/or the number of Restricted Stock Units to be awarded to any Participant, the time or times within which such Awards may be subject to forfeiture, and any other terms and conditions of the Awards. Each Award shall be confirmed by, and be subject to the terms of, an Agreement which shall become effective upon execution by the Participant.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.2<i> Grant, Awards and Certificates.</i> An Award of Restricted Stock or of Restricted Stock Units shall occur as of the Grant Date determined by the Committee and as provided in an Agreement. Restricted Stock and Restricted Stock Units may be awarded either alone or in addition to other Awards granted under the Plan. Notwithstanding the limitations on issuance of Common Stock otherwise provided in the Plan, each Participant receiving an Award of Restricted Stock shall be issued a certificate (or other representation of title) in respect of such Restricted Stock. Such certificate shall be registered in the name of such Participant and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award as determined by the Committee. The Committee may require that the certificates evidencing such shares be held in custody by the Company until the restrictions thereon shall have lapsed and that, as a condition of any Award of Restricted Stock, the Participant shall have delivered a share power, endorsed in blank, relating to the Common Stock covered by such Award.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.3<i> Terms and Conditions.</i> Restricted Stock and Restricted Stock Units shall be subject to such terms and conditions as shall be determined by the Committee, including the following:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&nbsp;<i>Limitations on Transferability.</i> The issue prices for Restricted Stock and Restricted Stock Units shall be set by the Committee and may be zero. Subject to the provisions of the Plan and the Agreement, during a period set by the Committee (and, in the case of Restricted Stock Units, until the date of delivery of Common Stock), commencing with the date of such Award (the &#147;Restriction Period&#148;), the Participant shall not be permitted to sell, assign, margin, transfer, encumber, convey, gift, alienate, hypothecate, pledge or otherwise dispose of Restricted Stock or Restricted Stock Units.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&nbsp;<i>Rights.</i> Except as provided in Section&nbsp;8.3(1), the Participant shall have, with respect to the Restricted Stock, all of the rights of a shareholder of the Company holding the class of Common Stock that is the subject of the Restricted Stock, including, if applicable, the right to vote the shares and the right to receive any cash dividends, except as limited by this Section&nbsp;8.3(2). A Participant shall have no voting rights with respect to any Restricted Stock Units granted hereunder but shall, to the extent provided in an Agreement, have the right to receive (with respect to such Restricted Stock Units) cash payments or dividend equivalent amounts (as provided in the Participant&#146;s Restricted Stock Unit Agreement) equal in value to, and payable at the same time as, the cash dividends payable on a like number shares of Common Stock. Unless otherwise determined by the Committee, cash dividends on a Restricted Stock Award shall not be distributed prior to vesting of the Restricted Stock Award, but shall instead be accumulated and distributed as additional shares of Common Stock after vesting of the Restricted Stock Award, provided that payment shall be made no more than two and a half months after the end of the calendar year in which the Restricted Stock Award vests.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)&nbsp;<i>Criteria.</i> Based on service, performance by the Participant or by the Company or the Affiliate, including any division or department for which the Participant is employed, or such other factors or criteria as the Committee may determine, the Committee may provide for the lapse of restrictions in installments and may accelerate the vesting of all or any part of any Award of Restricted Stock and waive the restrictions for all or any part of such Award of Restricted Stock.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-12<a name="19324-4-BI-03_PB_12_134921_2897"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=87,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=965782,FOLIO='B-12',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-03_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 22:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)&nbsp;<i>Forfeiture.</i> Unless otherwise provided in an Agreement or determined by the Committee, if the Participant incurs a Termination of Employment due to death or Disability during the Restriction Period, the restrictions shall lapse and the Participant shall be fully vested in the Restricted Stock or Restricted Stock Units. Except to the extent otherwise provided in the applicable Agreement and the Plan, upon a Participant&#146;s Termination of Employment for any reason during the Restriction Period other than a Termination of Employment due to death or Disability, all shares of Restricted Stock and Restricted Stock Units still subject to restriction shall be forfeited by the Participant, except the Committee shall have the discretion to waive in whole or in part any or all remaining restrictions with respect to any or all of such Participant&#146;s Restricted Stock and Restricted Stock Units.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)&nbsp;<i>Delivery.</i> If a share certificate is issued in respect of Restricted Stock, the certificate shall be registered in the name of the Participant but shall be held by the Company for the account of the Participant until the end of the Restricted Period. If and when the Restriction Period expires without a prior forfeiture of Restricted Stock or Restricted Stock Units subject to such Restriction Period, unlegended certificates (or other representation of title) for Common Stock shall be delivered to the Participant at the time and subject to the conditions provided in the Agreement governing such Award.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(6)&nbsp;<i>Election.</i> If so provided in the applicable Award Agreement, a Participant may elect to further defer receipt of the Restricted Stock or payment of Common Stock with respect to Restricted Stock Units for a specified period or until a specified event, subject to the Committee&#146;s approval and to such terms as are determined by the Committee. Subject to any exceptions adopted by the Committee, such election must be made in compliance with the terms and conditions of Section&nbsp;409A of the Code.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>  <b><i style="font-weight:bold;">ARTICLE&nbsp;IX</i></b></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">PERFORMANCE UNITS</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.1<i> General.</i> The Committee shall have authority to grant Performance Units under the Plan at any time or from time to time. A Performance Unit (&#147;<i>Performance Unit</i>&#148;) consists of the right to receive cash or Common Stock upon achievement of certain goals relating to performance (&#147;<i>Performance Goals</i>&#148;) and may be awarded either alone or in addition to other Awards granted under the Plan. The Committee shall have complete discretion to determine the number of Performance Units granted to each Participant. Each Performance Unit Award shall be evidenced by, and be subject to the terms of, an Agreement which will become effective upon execution by the Participant. The time period during which a Performance Unit Award shall be earned shall be the &#147;Performance Period,&#148; and shall be at least one (1)&nbsp;fiscal year in length. Performance Units may be subject to Performance Goals which shall be established by the Committee.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.2<i> Earning Performance Unit Awards.</i> After the applicable Performance Period shall have ended, the Committee shall determine the extent to which the established Performance Goals have been achieved.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.3<i> Termination of Employment Due to Death or Disability.</i> In the event of a Termination of Employment due to death or Disability during a Performance Period, the Participant shall receive a pro rata share (based on the portion of the Performance Period during which the Participant was providing services to the Company or an Affiliate) of the Award (as determined following the completion of the Performance Period) earned with respect to the Participant&#146;s Performance Units relating to such Performance Period. Unless otherwise determined by the Committee, in the event that a Participant&#146;s employment terminates for any other reason, all Performance Units shall be forfeited by the Participant to the Company. Distribution of earned Performance Units on account of Termination of Employment due to death or Disability shall be made at the same time payments are made to Participants who did not incur a Termination of Employment during the applicable Performance Period.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.4<i> Nontransferability.</i> Unless otherwise provided in an Agreement, Performance Units may not be sold, assigned, margined, transferred, encumbered, conveyed, gifted, alienated, hypothecated, pledged, or otherwise disposed of, other than by will or by the laws of descent and distribution.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-13<a name="19324-4-BI-03_PB_13_134934_3020"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=88,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=606447,FOLIO='B-13',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-03_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 22:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.5<i> Election to Defer.</i> If so provided in an Award Agreement, a Participant may elect to defer receipt of the cash Award with respect to Performance Units for a specified period or until a specified event, subject to the Committee&#146;s approval, on such terms as are determined by the Committee, and subject to compliance with Section&nbsp;409A of the Code.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.6<i> Payment.</i> Payment with respect to Performance Units shall be made in accordance with the related Agreement. In no event, however, shall any payment with respect to a Performance Unit be made after the fifteenth day of the third month after the last day of the applicable Performance Period.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>  <b><i style="font-weight:bold;">ARTICLE&nbsp;X</i></b></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">CHANGE IN CONTROL PROVISIONS</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.1<i> Impact of Event.</i> Notwithstanding any other provision of the Plan to the contrary and unless otherwise provided in an Agreement, in the event of a Change in Control:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&nbsp;Any Stock Options and Stock Appreciation Rights outstanding as of the date of such Change in Control and not then exercisable shall become fully exercisable to the full extent of the original grant;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&nbsp;The restrictions applicable to any Restricted Stock and Restricted Stock Unit Awards shall lapse. Such Restricted Stock shall become free of all restrictions and become fully vested and transferable to the full extent of the original grant, and such Restricted Stock Units shall become free of all restrictions, fully vested, and payable in shares of Common Stock; and</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)&nbsp;Any Performance Goal or other condition with respect to any Performance Units shall be deemed to have been satisfied in full, and such Award shall be fully distributable.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.2<i> Additional Discretion.</i> In the event of a Change in Control, the Committee shall make a proportional adjustment of the terms of Awards granted hereunder in whatever manner as the Committee deems appropriate to equitably reflect the change (if any) in the value of the Common Stock due to the Change in Control. Notwithstanding anything herein or in an Agreement to the contrary, upon a Change in Control, the Committee shall have full discretion with respect to an outstanding Award to provide that the securities of another entity be substituted hereunder for the Common Stock and to make equitable adjustment with respect thereto.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.3<i> Fundamental Change.</i> In the event of a proposed (i)&nbsp;dissolution or liquidation of the Company, (ii)&nbsp;a sale of substantially all of the assets of the Company, (iii)&nbsp;a merger or consolidation of the Company with or into any other corporation, regardless of whether the Company is the surviving corporation, or (iv)&nbsp;a statutory share exchange involving the capital stock of the Company (each, a &#147;Fundamental Change&#148;), the Committee may, but shall not be obligated to:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&nbsp;with respect to a Fundamental Change that involves a merger, consolidation or statutory share exchange, make appropriate provision for the protection of each outstanding Stock Options and Stock Appreciation Rights by the substitution of options, stock appreciation rights and appropriate voting common stock of the corporation surviving any such merger or consolidation or, if appropriate, the &#147;parent corporation&#148; (as defined in Section&nbsp;424(e)&nbsp;of the Code from time to time, and any regulations promulgated thereunder, or any successor provision) of the Company or such surviving corporation, in lieu of the Stock Options, Stock Appreciation Rights and shares of Regis Stock, or</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&nbsp;with respect to any Fundamental Change, including, without limitation, a merger, consolidation or statutory share exchange, declare, prior to the occurrence of the Fundamental Change, and provide written notice to each holder of a Stock Option or Stock Appreciation Right of the declaration, that the Stock Option or Stock Appreciation Right, whether or not then exercisable, shall be canceled at the time of, or immediately prior to the occurrence of, the Fundamental Change in exchange for payment to the holder of</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-14<a name="19324-4-BI-03_PB_14_135006_7748"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=89,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=23528,FOLIO='B-14',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-03_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 22:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the Stock Option or Stock Appreciation Right, within 20 days after the Fundamental Change, of cash equal to (i)&nbsp;for each share of Regis Stock covered by the canceled Stock Option, the amount, if any, by which the Fair Market Value (as defined in this Section) per share exceeds the Exercise Price per share covered by such Stock Option and (ii)&nbsp;for each Stock Appreciation Right, the price determined pursuant to Section&nbsp;7.3(2), except that Fair Market Value of the share of Regis Stock as of the date of exercise of the Stock Appreciation Right as used therein shall be deemed to mean the Fair Market Value of each share of Regis Stock with respect to which the Stock Appreciation Right is determined in the manner hereinafter referred to in this Section&nbsp;10.3(2). At the time of the declaration provided for in the immediately preceding sentence, the Stock Option or Stock Appreciation Right shall immediately become exercisable in full and the holder of the Stock Option or Stock Appreciation Right shall have the right, during the period preceding the time of cancellation of the Stock Option or Stock Appreciation Right, to exercise the Stock Option or Stock Appreciation Right as to all or any part of the shares of Regis Stock covered thereby or the Stock Appreciation Right in whole or in part, as the case may be. In the event of a declaration pursuant to this Section&nbsp;10.3(2), each Stock Option and Stock Appreciation Right, to the extent that it shall not have been exercised prior to the Fundamental Change, shall be canceled at the time of, or immediately prior to, the Fundamental Change, as provided in the declaration. Notwithstanding the foregoing, each holder of a Stock Option or Stock Appreciation Right shall not be entitled to the payment provided for in this Section&nbsp;10.3(2)&nbsp;if such Stock Option or Stock Appreciation Right shall have expired or been forfeited. For purposes of this Section&nbsp;10.3(2)&nbsp;only, &#147;Fair Market Value&#148; per share of Regis Stock means cash plus the fair market value, as determined in good faith by the Committee, of the non-cash consideration to be received per share of Regis Stock by the shareholders of the Company upon the occurrence of the Fundamental Change, notwithstanding anything to the contrary provided in this Agreement.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ARTICLE&nbsp;XI</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">PROVISIONS APPLICABLE TO SHARES ACQUIRED UNDER THIS PLAN</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.1<i> No Company Obligation.</i> Except to the extent required by applicable securities laws, none of the Company, an Affiliate or the Committee shall have any duty or obligation to affirmatively disclose material information to a record or beneficial holder of Common Stock or an Award, and such holder shall have no right to be advised of any material information regarding the Company or any Affiliate at any time prior to, upon, or in connection with receipt, exercise or distribution of an Award. The Company makes no representation or warranty as to the future value of the Common Stock issued or acquired in accordance with the provisions of the Plan.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ARTICLE&nbsp;XII</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">MISCELLANEOUS</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.1<i> Amendments and Termination; No Repricing.</i> Upon shareholder approval of the amendment to extend the term of the Plan at the 2013 annual meeting of shareholders, the Plan shall terminate on May&nbsp;26, 2024, and the Board may amend, alter, or discontinue the Plan at any time, but no termination, amendment, alteration or discontinuation shall be made which would materially impair the rights of a Participant under an Award theretofore granted without the Participant&#146;s consent, except such an amendment (a)&nbsp;made to cause the Plan to comply with applicable law, including without limitation an amendment to bring the Award into compliance with, or obtain an exemption from, the requirements of Code Section&nbsp;409A; or (b)&nbsp;made to permit the Company or an Affiliate a tax deduction under applicable law. The Committee may amend, alter or discontinue the terms of any Award theretofore granted, prospectively or retroactively, on the same conditions and limitations (and exceptions to limitations) as apply to the Board, and further subject to any approval or limitations the Board may impose. Notwithstanding the foregoing, any material amendments (as determined under the rules&nbsp;of the New York Stock Exchange, as amended from time to time or otherwise required by law) to the Plan shall require shareholder approval. In no event may the Exercise Price per share of Common Stock covered by an Option, or the Exercise Price of a Stock Appreciation Right, be reduced, or may an Option or Stock Appreciation Right otherwise be subject to any action that would be treated under the accounting rules&nbsp;or otherwise as a &#147;repricing,&#148; unless such action is approved by the Company&#146;s shareholders.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-15<a name="19324-4-BI-03_PB_15_135026_141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=90,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=175010,FOLIO='B-15',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-03_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 22:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.2<i> Unfunded Status of Plan.</i> It is intended that the Plan be an &#147;unfunded&#148; plan for incentive compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock or make payments; provided, however, that, unless the Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the &#147;unfunded&#148; status of the Plan.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.3<i> Provisions Relating to Internal Revenue Code Section&nbsp;162(m).</i> It is the intent of the Company that certain Awards granted to persons who are Covered Employees within the meaning of Section&nbsp;162(m)&nbsp;of the Code shall constitute &#147;qualified performance-based compensation&#148; satisfying the requirements of Code Section&nbsp;162(m)&nbsp;(the &#147;Performance-Based Exception&#148;). Accordingly, the Plan shall be administered and the provisions of the Plan shall be interpreted in a manner consistent with Code Section&nbsp;162(m)&nbsp;with respect to such Awards. If any provision of the Plan or any Agreement relating to such an Award does not comply or is inconsistent with the requirements of Code Section&nbsp;162(m), such provision shall be construed or deemed amended to the extent necessary to conform to such requirements. In addition, the following provisions shall apply with respect to any Award intended to qualify for the Performance-Based Exception:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&nbsp;Not later than the date required or permitted for &#147;qualified performance-based compensation&#148; under Code Section&nbsp;162(m), the Committee shall determine the Participants who are Covered Employees who will receive Awards that are intended as qualified performance-based compensation and the amount or method for determining the amount of such compensation.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&nbsp;During any three-consecutive calendar year period, the maximum number of shares of Common Stock for which Options and Stock Appreciation Rights, in the aggregate, may be granted to any Participant shall not exceed 800,000 shares. For Restricted Stock and Restricted Stock Units that are intended to qualify for the Performance-Based Exception, no more than 800,000 shares may be subject to such Awards granted to any Participant during any three-consecutive calendar year period. For Performance Unit Awards that are intended to qualify for the Performance-Based Exception, no more than $2,000,000 may be subject to such Awards granted to any Participant during any three-consecutive calendar year period. If, after amounts have been earned with respect to Performance Unit Awards, the payment of such amounts is deferred, any additional amounts attributable to earnings during the deferral period shall be disregarded for purposes of this limit.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)&nbsp;<i>Performance Goals</i>. Awards may be subject to Performance Goals (as defined in Section&nbsp;9.1) which shall be measured in a specific Performance Period (as defined in Section&nbsp;9.1) established by the Committee which shall be based on any of the following performance criteria, either alone or in any combination, and on either a consolidated or business unit level, and on an absolute or relative basis compared to other companies or indexes, as the Committee may determine: earnings per share (&#147;EPS&#148;), sales; cash flow; cash flow from operations; operating profit or income; net income; operating margin; net income margin; return on net assets; economic value added; return on total assets; return on common equity; return on total capital; total shareholder return; revenue; revenue growth; earnings before interest, taxes, depreciation and amortization (&#147;EBITDA&#148;); EBITDA growth; funds from operations per share and per share growth; cash available for distribution; cash available for distribution per share and per share growth; share price performance or improvements in the Company&#146;s attainment of expense levels; and implementing or completion of critical projects. In addition, Awards not intended to qualify for the Performance-Based Exception may be based on such other performance criteria as the Committee may determine. The foregoing criteria shall have any reasonable definitions that the Committee may specify, which may include or exclude any or all of the following items as the Committee may specify: extraordinary, unusual or non-recurring items, as defined by GAAP; effects of accounting changes; effects of financing activities (e.g., effect on earnings per share of issuance of convertible debt securities); expenses for restructuring or productivity initiatives; other non-operating items; spending for acquisitions; effects of divestitures; and effects of litigation activities and settlements. Any such performance criterion or combination of such criteria may apply to the Participant&#146;s Award opportunity in its entirety or to any designated portion or portions of the Award opportunity, as the Committee may specify. Unless the Committee determines otherwise for any Performance Period, extraordinary items, such as capital gains and losses, which affect any performance criterion applicable to the Award (including but not limited to the criterion of net income) shall be excluded or included in determining on the extent to which the</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-16<a name="19324-4-BI-03_PB_16_135113_7608"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=91,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=737075,FOLIO='B-16',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-03_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 22:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">corresponding performance goal has been achieved, whichever will produce the higher Award. In the event applicable tax or other laws change to permit the Committee discretion to alter the governing performance measures without obtaining shareholder approval of such changes, the Committee shall have sole discretion to make such changes without obtaining shareholder approval. The Committee has the right to adjust downward, but not upward, any amount determined to be otherwise payable in connection with such an Award.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)&nbsp;<i>Earning Performance Awards</i>. After the applicable Performance Period shall have ended, the Committee shall certify the extent to which the established Performance Goals have been achieved. Payment with respect to Awards for Covered Employees that are intended to qualify for the Performance-Based Exception shall be a direct function of the extent to which the Company&#146;s Performance Goals have been achieved. An Award intended to qualify for the Performance-Based Exception shall (unless the Committee determines otherwise) provide that in the event of the Participant&#146;s Termination of Employment prior to the end of the Performance Period for any reason other than death or Disability, such Award will be payable only (a)&nbsp;if the applicable Performance Goals are achieved and (b)&nbsp;to the extent, if any, as the Committee shall determine.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)&nbsp;<i>Other Section&nbsp;162(m)&nbsp;Provisions</i>. In the manner required by Section&nbsp;162(m)&nbsp;of the Code, the Committee shall, promptly after the date on which the necessary financial and other information for a particular Performance Period becomes available, certify the extent to which Performance Goals have been achieved with respect to any Award intended to qualify for the Performance-Based Exception. The Committee may not increase the amount of any Performance Unit Award payable to any Participant above the amount established in accordance with the relevant Performance Goals with respect to any Award intended to qualify for the Performance-Based Exception.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.4<i> No Additional Obligation.</i> Nothing contained in the Plan shall prevent the Company or an Affiliate from adopting other or additional compensation or benefit arrangements for its employees.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.5<i> Withholding.</i> No later than the date as of which an amount first becomes includible in the gross income of the Participant for federal income tax purposes with respect to any Award, the Participant shall pay to the Company (or other entity identified by the Committee), or make arrangements satisfactory to the Company or other entity identified by the Committee regarding the payment of, any federal, state, or local taxes of any kind required by law to be withheld with respect to such income. Unless otherwise determined by the Committee, withholding obligations may be settled with Common Stock, including shares of Common Stock that are part of the Award that give rise to the withholding requirement. The obligations of the Company under the Plan shall be conditional on such payment or arrangements, and the Company and its Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Participant. Subject to approval by the Committee, a Participant may elect to have such tax withholding obligation satisfied, in whole or in part, by (i)&nbsp;authorizing the Company to withhold from shares of Common Stock to be issued pursuant to any Award a number of shares with an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the required statutory minimum (but no more than such required minimum) with respect to the Company&#146;s withholding obligation, or (ii)&nbsp;transferring to the Company shares of Common Stock owned by the Participant with an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the required statutory minimum (but no more than such required minimum) with respect to the Company&#146;s withholding obligation.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.6<i> Controlling Law.</i> The Plan and all Awards made and actions taken thereunder shall be governed by and construed in accordance with the laws of Minnesota (other than its law respecting choice of law). The Plan shall be construed to comply with all applicable law and to avoid liability to the Company, an Affiliate or a Participant. The Board and the Committee shall administer the Plan, and shall exercise all authority and discretion under the Plan to satisfy the requirements of Code Section&nbsp;409A.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.7<i> Offset.</i> Any amounts owed to the Company or an Affiliate by the Participant of whatever nature may be offset by the Company from the value of any Award to be transferred to the Participant.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-17<a name="19324-4-BI-03_PB_17_135128_8146"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=92,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=744731,FOLIO='B-17',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-03_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 22:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.8<i> Nontransferability; Beneficiaries.</i> No Award shall be assignable or transferable by the Participant, otherwise than by will or the laws of descent and distribution or pursuant to a beneficiary designation, and Awards shall be exercisable during the Participant&#146;s lifetime only by the Participant (or by the Participant&#146;s legal representatives in the event of the Participant&#146;s incapacity). Each Participant may designate a Beneficiary to exercise any Option or Stock Appreciation Right or receive any Award held by the Participant at the time of the Participant&#146;s death or to be assigned any other Award outstanding at the time of the Participant&#146;s death. If a deceased Participant has named no Beneficiary, any Award held by the Participant at the time of death shall be transferred as provided in his or her will or by the laws of descent and distribution. Except in the case of the holder&#146;s incapacity, only the holder may exercise an Option or Stock Appreciation Right. Notwithstanding the foregoing, the Board or the Committee may, in its discretion and subject to such limitations and conditions as the Board or the Committee deems appropriate, permit the transfer of an Award by a Participant without consideration to a Participant&#146;s children, stepchildren, grandchildren, parents, stepparents, grandparents, spouse (including an ex-spouse incident to divorce), siblings, in-laws, or persons related by reason of legal adoption (collectively, the &#147;Family Members&#148;), or to a trust for the exclusive benefit of the Grantee&#146;s Family Members or a partnership, corporation or limited liability the equity interests of which are owned by the Grantee and/or the Grantee&#146;s Family Members.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.9<i> Gross-Up for Excise Tax.</i> If all or any portion of the payments and benefits (including any acceleration of vesting) provided under this Plan, either alone or together with other payments and benefits which a Participant receives or is then entitled to receive from the Company or an Affiliate, would constitute a &#147;parachute payment&#148; within the meaning of Section&nbsp;280G of the Code, the Company shall pay to the Participant, within ten (10)&nbsp;business days of the determination that the payment would constitute a parachute payment, a tax &#147;gross-up&#148; payment to the extent necessary so that the net after-tax benefit to the Participant shall be equal to the net after-tax benefit if the excise tax associated with the &#147;parachute payment&#148; were not imposed. The &#147;net after-tax benefit&#148; for these purposes shall mean the sum of (i)&nbsp;the total amount payable to the Participant under the Plan that would constitute a &#147;parachute payment&#148;, plus (ii)&nbsp;all other payments and benefits which the Participant receives or is then entitled to receive from the Company or any Affiliate that would constitute a &#147;parachute payment&#148; within the meaning of Section&nbsp;280G of the Code, less (iii)&nbsp;the amount of federal income taxes payable with respect to the foregoing calculated at the maximum marginal income tax rate for each year in which the foregoing shall be paid to the Participant (based upon the rate in effect for such year as set forth in the Code at the time of the payment), less (iv)&nbsp;the amount of excise taxes imposed with respect to the payments and benefits described in (i)&nbsp;and (ii)&nbsp;above by Section&nbsp;4999 of the Code. The determination on whether or not all or any portion of the payments and benefits provided to the Participant would constitute parachute payments shall be made by a national certified public accounting firm selected by the Company, and such determination shall be conclusive and binding on the Participant.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.10<i> No Rights with Respect to Continuance of Employment.</i> Nothing contained herein shall be deemed to alter the relationship between the Company or an Affiliate and a Participant, or the contractual relationship between a Participant and the Company or an Affiliate if there is a written contract regarding such relationship. Nothing contained herein shall be construed to constitute a contract of employment between the Company or an Affiliate and a Participant. The Company or an Affiliate and each of the Participants continue to have the right to terminate the employment or service relationship at any time for any reason, except as provided in a written contract. The Company or an Affiliate shall have no obligation to retain the Participant in its employ or service as a result of this Plan. There shall be no inference as to the length of employment or service hereby, and the Company or an Affiliate reserves the same rights to terminate the Participant&#146;s employment or service as existed prior to the individual becoming a Participant in this Plan.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.11<i> Awards in Substitution for Awards Granted by Other Corporations.</i> Awards may be granted under the Plan from time to time in substitution for awards held by employees, directors or service providers of other corporations who are about to become officers, directors or employees of the Company or an Affiliate as the result of a merger or consolidation of the employing corporation with the Company or an Affiliate, or the acquisition by the Company or an Affiliate of the assets of the employing corporation, or the acquisition by the Company or Affiliate of the share of the employing corporation, as the result of which it becomes a designated employer under the Plan. The terms and conditions of the Awards so granted may vary from the terms and conditions set forth in this Plan at the time of such grant as the majority of the members of the Committee may deem appropriate to conform, in whole or in part, to the provisions of the awards in substitution for which they are granted.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-18<a name="19324-4-BI-03_PB_18_135138_7091"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=93,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=222165,FOLIO='B-18',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-03_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 22:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.12<i> Foreign Alternatives.</i> Notwithstanding the other provisions of the Plan, in the case of any Award to any Participant who is an employee of a foreign subsidiary or foreign branch of the Company or held by a Participant who is in any other category specified by the Committee, the Committee may specify that such Award shall not be represented by Common Stock or other securities but shall be represented by rights approximately equivalent (as determined by the Committee) to the rights that such Participant would have received if shares of Common Stock or other securities had been issued in the name of such Participant otherwise in accordance with the Plan (such rights being hereinafter called &#147;Share Equivalents&#148;). The Share Equivalents representing any such Award may subsequently, at the option of the Committee, be converted into cash or an equivalent number of shares of Common Stock or other securities under such circumstances and in such manner as the Committee may determine.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.13<i> Delivery of Stock Certificates.</i> To the extent the Company uses certificates to represent shares of Common Stock, certificates to be delivered to Participants under this Plan shall be deemed delivered for all purposes when the Company or a stock transfer agent of the Company shall have mailed such certificates in the United States mail, addressed to the Participant, at the Participant&#146;s last known address on file with the Company. Any reference in this Section&nbsp;12.13 or elsewhere in the Plan or an Agreement to actual stock certificates and/or the delivery of actual stock certificates shall be deemed satisfied by the electronic record-keeping and electronic delivery of shares of Common Stock or other mechanism then utilized by the Company and its agents for reflecting ownership of such shares.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.14<i> Headings.</i> The headings contained in this Plan are for reference purposes only and shall not affect the meaning or interpretation of this Plan.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.15<i> Severability.</i> If any provision of this Plan shall for any reason be held to be invalid or unenforceable, such invalidity or unenforceability shall not affect any other provision hereby, and this Plan shall be construed as if such invalid or unenforceable provision were omitted.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.16<i> Successors and Assigns.</i> This Plan shall inure to the benefit of and be binding upon each successor and assign of the Company. All obligations imposed upon a Participant, and all rights granted to the Company hereunder, shall be binding upon the Participant&#146;s heirs, legal representatives and successors.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.17<i> Entire Agreement.</i> This Plan and each Agreement constitute the entire agreement with respect to the subject matter hereof and thereof, provided that in the event of any inconsistency between the Plan and each Agreement, the terms and conditions of this Plan shall control.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-19<a name="19324-4-BI-03_PB_19_135145_455"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=94,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=925534,FOLIO='B-19',FILE="DISK133:[13ZCJ4.13ZCJ12404]19324-4-BI-03_ZCJ12404.CHC",USER="MRATH",CD='Aug 27 22:56 2013' -->


<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" color="#ff4040" face="Times New Roman" style="color:#FF4040;font-size:10.0pt;font-weight:bold;">PRELIMINARY COPY SUBJECT TO COMPLETION</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" color="#ff4040" face="Times New Roman" style="color:#FF4040;font-size:10.0pt;font-weight:bold;">DATED AUGUST 27, 2013</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="95%" valign="top" style="padding:0in 5.4pt 0in 5.4pt;width:95.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" color="white" face="Times New Roman" style="color:white;"><img width="680" height="847" src="g193242bei001.jpg"></font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 5.4pt 0in 5.4pt;width:4.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" color="white" face="Times New Roman" style="color:white;font-size:1.0pt;">TO VOTE, MARK
  BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: KEEP THIS PORTION FOR YOUR
  RECORDS DETACH AND RETURN THIS PORTION ONLY THIS PROXY CARD IS VALID ONLY
  WHEN SIGNED AND DATED. Signature [PLEASE SIGN WITHIN BOX] Date Signature
  (Joint Owners) Date There are three ways to vote your Proxy: Your telephone
  or Internet vote authorizes the named proxies to vote the shares in the same
  manner as if you marked, signed and returned your proxy card. VOTE BY PHONE -
  1-800-690-6903 Use any touch-tone telephone to transmit your voting
  instructions up until 11:59 P.M. Eastern Time the day before the meeting
  date. Have your proxy card in hand when you call and then follow the
  instructions. VOTE BY INTERNET - www.proxyvote.com Use the Internet to
  transmit your voting instructions and for electronic delivery of information
  up until 11:59 P.M. Eastern Time the day before the meeting date. Have your
  proxy card in hand when you access the web site and follow the instructions
  to obtain your records and to create an electronic voting instruction form.
  VOTE BY MAIL Mark, sign and date your proxy card and return it in the
  postage-paid envelope we have provided or return it to Regis Corporation, c/o
  Broadridge, 51 Mercedes Way, Edgewood, NY 11717. ELECTRONIC DELIVERY OF
  FUTURE PROXY MATERIALS Help us make a difference by eliminating paper
  mailings to your home or business. You can consent to receiving all future
  proxy statements, proxy cards and annual reports electronically via e-mail or
  the Internet. To sign up for electronic delivery, please follow the
  instructions above to vote using the Internet and, when prompted, indicate
  that you agree to receive or access proxy materials electronically in future
  years. You can, of course, change your preference and choose to receive paper
  copies of these materials at any time. REGIS CORPORATION 7201 METRO BOULEVARD
  MINNEAPOLIS, MN 55439 M62450-P42538 To withhold authority to vote for any
  individual nominee(s), mark &#147;For All Except&#148; and write the number(s) of the
  nominee(s) on the line below. For All Withhold All For All Except REGIS
  CORPORATION Vote on Directors The Board of Directors recommends that you vote
  FOR each of the following director nominees: ! ! ! 1. Election of Directors
  Nominees: 06) Michael J. Merriman 07) Jeffrey C. Smith 08) Stephen E. Watson
  09) David P. Williams 01) Daniel G. Beltzman 02) James P. Fogarty 03) David
  J. Grissen 04) Daniel J. Hanrahan 05) Mark S. Light Vote on Proposals The
  Board of Directors recommends you vote FOR the following proposals: For
  Against Abstain ! ! ! 2. Approval of the amendment of the Company's Restated
  Articles of Incorporation to adopt majority voting for the election of
  directors. ! ! ! 3. Approval of an amendment of the Company's 2004 Long-Term
  Incentive Plan to extend its term through May 26, 2024. ! ! ! 4. Ratification
  of the appointment of PricewaterhouseCoopers LLP as the Company's independent
  registered public accounting firm. ! ! ! 5. Approval of an advisory vote on
  the compensation of the Company's named executive officers (a
  &quot;Say-on-Pay Vote&quot;). NOTE: The proxies are authorized to vote, in
  their discretion, on any other matters as may properly come before the annual
  meeting. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED AS DIRECTED OR, IF
  NO DIRECTION IS GIVEN, WILL BE VOTED FOR EACH DIRECTOR NOMINEE AND FOR
  PROPOSALS 2, 3, 4 AND 5. Where stock is registered jointly in the names of
  two or more persons ALL should sign. Signature(s) should correspond exactly
  with the name(s) as shown above. Please sign and date and return promptly in
  the enclosed envelope. No postage need be affixed if mailed in the United
  States. </font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>
<!-- ZEQ.=1,SEQ=95,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=26225,FOLIO='',FILE="DISK131:[13ZCJ2.13ZCJ12402]19324-2-BE_ZCJ12402.CHC",USER="MRATH",CD='Aug 27 15:03 2013' -->


<br clear="all" style="page-break-before:always;">


<div>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="92%" valign="top" style="padding:0in 5.4pt 0in 5.4pt;width:92.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" color="white" face="Times New Roman" style="color:white;"><img width="680" height="880" src="g193242bei002.gif"></font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 5.4pt 0in 5.4pt;width:4.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" color="white" face="Times New Roman" style="color:white;font-size:1.0pt;">REGIS
  CORPORATION PROXY FOR ANNUAL MEETING OF SHAREHOLDERS OCTOBER 22, 2013 9:00
  a.m. Regis Corporation 7201 Metro Boulevard Minneapolis, Minnesota 55439
  Important Notice Regarding the Availability of Proxy Materials for the Annual
  Meeting: The Notice and Proxy Statement and Annual Report are available at
  www.proxyvote.com. If you Vote by Phone or Internet, please do not mail your
  Proxy Card please detach here . . M62451-P42538 Regis Corporation 7201 Metro
  Boulevard, Minneapolis, MN 55439 PROXY FOR ANNUAL MEETING OF SHAREHOLDERS,
  OCTOBER 22, 2013 The undersigned hereby appoints Daniel J. Hanrahan and Eric A.
  Bakken, and either of them, proxies for the undersigned, with full power of
  substitution, to represent the undersigned and to vote as directed on the
  reverse side of this proxy card all of the shares of the Common Stock of
  Regis Corporation (the &quot;Company&quot;) which the undersigned is entitled
  to vote at the annual meeting of shareholders of the Company to be held on
  October 22, 2013, and at any adjournments thereof. THIS PROXY IS SOLICITED ON
  BEHALF OF THE BOARD OF DIRECTORS and will be voted as directed herein. If no
  direction is given, this proxy will be voted FOR each of the director
  nominees and each of proposals 2, 3, 4 and 5, and will be voted in the
  discretion of the proxies on any other matters as may properly come before
  the annual meeting and any adjournments thereof. (Continued, and TO BE
  COMPLETED AND SIGNED on the reverse side) proxy </font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>
<!-- ZEQ.=1,SEQ=96,EFW="2216502",CP="REGIS CORPORATION",DN="1",CHK=27009,FOLIO='',FILE="DISK131:[13ZCJ2.13ZCJ12402]19324-2-BE_ZCJ12402.CHC",USER="MRATH",CD='Aug 27 15:03 2013' -->


<BR>
<P><br><A NAME="13ZCJ12401_1">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_ca12401_1">ANNUAL MEETING OF SHAREHOLDERS, OCTOBER 22, 2013</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_ca12401_2">VOTING RIGHTS AND REQUIREMENTS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da12401_1">ITEM 1 ELECTION OF DIRECTORS</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da12401_2">The Board unanimously recommends that you vote FOR the election of each of the director nominees.</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da12401_3">CORPORATE GOVERNANCE</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da12401_4">Corporate Governance Initiatives in Fiscal 2013</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dc12401_1">EXECUTIVE COMPENSATION Compensation Discussion and Analysis</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_de12401_1">FY13 Base Salaries</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_de12401_2">FY13 ADJUSTED EBITDA AND SAME-STORE SALES IMPROVEMENT GOALS AND ACHIEVEMENT</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_de12401_3">FY13 LTI AWARDS</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_de12401_4">COMPENSATION COMMITTEE REPORT</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dg12401_1">SUMMARY COMPENSATION TABLE</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_di12401_1">GRANTS OF PLAN-BASED AWARDS IN 2013</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dk12401_1">OUTSTANDING EQUITY AWARDS AT 2013 FISCAL YEAR-END</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dm12401_1">2013 OPTION EXERCISES AND STOCK VESTED</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_do12401_1">PENSION BENEFITS IN 2013</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_do12401_2">NONQUALIFIED DEFERRED COMPENSATION FOR 2013</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dq12401_1">Potential Payments Upon Termination or Change in Control</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_ds12401_1">2013 Director Compensation Table</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_ds12401_2">ADVANCES OF DEFENSE COSTS FOR CERTAIN LITIGATION MATTERS</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_ds12401_3">EQUITY COMPENSATION PLAN INFORMATION</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_ds12401_4">SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_ds12401_5">CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_du12401_1">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_du12401_2">ITEM 2 AMENDMENT OF RESTATED ARTICLES OF INCORPORATION</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_du12401_3">ITEM 3 AMENDMENT TO REGIS CORPORATION 2004 LONG TERM INCENTIVE PLAN</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dw12401_1">ITEM 4 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dw12401_2">AUDIT COMMITTEE REPORT</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dw12401_3">ITEM 5 APPROVAL OF ADVISORY VOTE ON COMPENSATION OF NAMED EXECUTIVE OFFICERS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dy12401_1">PROPOSALS OF SHAREHOLDERS</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dy12401_2">ANNUAL REPORT TO SHAREHOLDERS AND FORM 10-K</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dy12401_3">NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dy12401_4">GENERAL</A></FONT><BR>
<!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_ea12401_1">Appendix A</A></FONT><BR>
</UL>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_ea12401_2">ARTICLE XI Election of Directors</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=MRATH,SEQ=,EFW="2216502",CP="REGIS CORPORATION",DN="1" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g204612.jpg
<DESCRIPTION>G204612.JPG
<TEXT>
begin 644 g204612.jpg
M_]C_X``02D9)1@`!`0$!L`&P``#__@`E35),3%]'4D%02$E#4SI;4D5'25-=
M4D5'7TM?3$]'3RY%4%/_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``+"``S
M`+T!`1$`_\0`'P```@(!!0$!````````````"@L("0`!!`4&!P(#_\0`0Q``
M`00"`0($!``(#`4%````!`(#!08!!P@)$0`*$A,4%2$Q%CE!46%X@;<7&!D:
M(BA7DIBQTM<D)3(W<2="1W>3_]H`"`$!```_`!THCS&'7(GY6-@X/G'L^9FI
M@\2+B8F*UAI21DY.2/?0*%'QT>%J5\PXXPEUL<405ET@AYQ#3+2W%I3GW/\`
MED_,L?VR\NOI],_U6*I]\??'_8+\GC/Y9/S+']LO+K_"O5/]@O'=-/\`FH>M
M'QPO3$=N^]57>`D`8R-.ZWWYI"J4^::80EUHL1R;UW7M97F(DG,.Y6V;)/27
MLDLLY>!*&2\&\P`Z0'6.X]]7;2TO<];@&ZYW)K?$*%NW1E@D6)29I!\XT3F(
MG:_.L#A,7'7]A?CY0>!LK<?%2+94:9&V&!A)!`S9MCN_-_Z;XNZCNV]M^["K
M>KM3Z[B%S5LN=I.2%&QXV'$#BB#MIPX9*S<N<Z/$UZO1(QLY8ILP&%A0#I,T
M89Q;_P!2+S=_,??-QF*-P`"1Q6TV*67&1EZ/@ZW<]_7X-QY0[4D83/QL[5-9
M,2#'LN!U^I1LK9XPE7=V_%.KP&+5CCIF]>WJ%QS>V+3Q\YE[QC;&:3;@+1O"
M<+K[$R2<R*$Y88)O=5IJRS$'A8%8&/APLL&1S"<!K="%5EK;_@_UZ.C$.B>1
M&\TN(E)`>&8<E1F968T.LE4L64+'21@N+II*1R5+F&E(BY1;R9!XU]_X9])F
M5NDI=(OS>IUHMU:T+U2(ZJP3,^6)#5[EK1X--9AHZ4+6TP-C>-`BT.Q$7%R!
M;J\%;%H8T3#0&5C*GJ0+"XE+3&GN!F"R`HQP)+!@9C#)(I0SS9`Q(Q#:7F"!
MWV5+:?8?:6AUEYI:VGFEH=:6MM:59X.YW*JZ[J-GOMYL,14Z72X"7M5LM%@.
M8BX*N5N``(E9N<F9(I;8P$7%QPI!IQCZTM,#LN.+SVQVRO0ZK_F_-J6>UV?3
M?2Y$!U]0(:0<CL\J;I6`)V_7CX3+C)4CK37EQBS:W1:H:O"\QDU=X6>N4M&.
M#R&8*A'94(FA9'%OKQ=6AI>T976?-3E#7;(1%&`W#8#DU"ZTE5!#2#D.36)"
M_P`A3]>O`1@YL@V$]6$YC8U)ZAF5CJ.;:>W;G$/KU]).,)VO":QYG\7*J$V;
M*6"YZKE9":H$:P2P(D\V\'ZNF[A38L<EB+`9+=N*!AWFPA&7UY2RRC%U_2Y\
MX%OG7MNKNKNIE&@;FU9+&@QC_(FDU:,K>VZ`R[E(WSNWTVGQP56VE7`4)86>
MW78*LWL<;!\FP_=Y'`T$^Q,UKLFA[BH%.VGJ^V0=ZUWL&MQ%OI=QK1[4G`V6
MM3P34A$S$4>SG+9`9HCS;K:NR'$9RIE]MDAIUI`*_FCNK7U$.!_/S4>H^)G)
MFSZ:UU8>*=(O\S6(6JZVFQ3KA*[5W!`'S;A=PI5CDFWB(>MP@2AV36PTH`;<
M;&0\X^XZ4%T/>0&W^4?2LX?[\WY=CMC;<V+2K=)76Z20,-&G3Q\;M>_UX$A\
M&OQL1#L+9B(B-!0@&.&0M`R%N)<?6ZZX-;UPO-8V71VS;SQ(Z;":H=<J#+R5
M2V?RELD5%72$AK=$OX'EZ]I*K'+-J\\36Y)DB(F[]=0)NO/28TG'5RJ2`PPM
ML=&9D>+7F!.L%!Q>V;5KGF3RCHYQ+]DJ-DV0?BJ:N)44UZ7)76XM]EJ-05@*
M:>6,*[1`/EJ&LO!A92AMQK'3R>$'75Z3@TGN^'T_S$XN0P`K4E:MCZFDS)&H
MQT<-Z\-D7V=U1.VJL@1K.%+:7BY*9!;2]EI[&$/^E9#?1E\VCM,S9U(XV]3\
MZN6>IW:5CJQ6N6D9"Q5/L%-GI-]H"&1NJO5L&/J4U33B7A`"M@0$37)2IX[2
M]J"LL6])3,*PG;<0ZA+C:L*0M.%)4G.%)4E6,92I*DYRE258SC*5)SE*DYPI
M.<ISC.4A/2AQWZGW3MQ]?KS>XM_;.<9_[U4S\N.V<?L\.]<-ISWSW<^JE9^C
MKN,?56?MC"\8QC]&,8QC\GC/:3^=S_\`9W_7XI>ZZ'3=T9S^X&[Y9N5)K>=V
M:EU5>MF:'VMF.$8N5/NE$KDI:Q()%E1AF0=I=S3&/URUUZ1(+@WQY)J<2`B=
MA(:1!7L>5BW;:M0]9KCG68,\\>N[WK^V-07N,$(6AB7@3M9V2^0C9K67&VGV
MXFZT>L3#:W$K<94&YEA/K<4E4Z_-U]3BS;\Y;#\`=<VAQO1O%A<3([+CHQYW
M`=SY&R\.X;*.RSR%>U(!:HJ\R%58@-+:?E=MD[\LA13Z0<@7B>6GZ!NJ^.ND
MM9<\N5NOHRZ\I=K0\3L+4U6NL2/(Q7'6BRK:9*F2D;`28[H[6X;/%.@V:3LI
M["Y2C`'1=;KK4++LV4^4,:]MO\J$YSV[=U8]2NWZ5*[JS^W.?'&34#"6.(DZ
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M<*;BJ&LE*@"76"/.O*U=!K6.T*!"=2GF90XV_P`=-S,DWQ9T_=8L.6II$;`&
MKC)#>-SKLDR2+9"7["))P^M(2:'5$`HAC[R3'RA)U0-BF"38S#+;;+;3:&FD
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M=8$0^\V%MY;/B1J;F9U8M.TO>\3%W"@:[K6P-XRM'L212XC8$YKF/#<J\!-`
M')>:G8I%JF8NS3T&^T2+.14"='RC#\43((6W[9%''9:899:;98;0RRVAM"&V
MFFTX0VTTVA*4--(3C"6VFTH;;3C"&T)0G"<:O"CD,NCO,-.,OMK9>:6VA;;S
M3B<I6TZVI.4.M.)4I#C3B5-N(4I"TJ2K.,JEO--=,W7?!3G55=A<?Z<-3M+<
MLJ;-;&"HM=`<&KM*V=6)UJ(VG!U6-%:6/#5:4Q-5:X1D,,M`,,999F)APXZ"
M!B@!CUO+^\D;-R>Z1'#'8]Z-*D+K!T&7T_9SCOBG#Y`[1]PL.JHZ3D22F6WC
M).6KE4@Y*4+SE[WI$HI2R'7O=SA5#TH?QG_3M_7>XM?I_P#FJF?F\.]<*Q]?
MHK[J_P#:K/Y<_FQX_)\L85'NDOM#M=_3[A"TL-]\XSG&/<>RA'?.,9SC'J[Y
MQC.<8[8SX'/Z\/6KXF\,^'.^=35#<5%V-RPW%K2ZZIUOJN@V6'M\]3I&]0)]
M5.V)L7$"<:-28"G1TJ7,@#6!T66M<T,!#0D:6.N6DH@0SRB?"JZ;FZB>>8$C
M`%LZ:X=4NY2QEG,`?^5R^U=@4V8HU1IL44ZS@(F>CJS/V6[R#;1.7H<6+AG"
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MU:J$T?600VT-X7AQ\FN))('8;5WE#3/;R\I?N.-\>/FG*MQXT5IW0])#&`J.
MFM8T;6%<$$;PTRW$T:M1M;%5VQC"ENOXCE$D/.^IX@EYU]]:W7%JS[#X^?5C
M\RO[B_\`3X^5^A:5(6G*D+3E*DJ;5E*DJQV4E6,ISC.,XSG&<9QG&<9SC.,X
M\;-F.C6'$.L`",NHSG*'&@F6UHSE.4YRE:&4J3G*5*3G.,X_HYSC/TSG'A8O
MYT?\:%HK]2/7'[[=^>"N>C5H&O\`*GRVVAN-EI*>`@-[<7.0&J)*3']WXF(9
MO6Q]R5]N9&2RXTMPB'*-'E&6O7Z7G!$M.)6A:D*6\2$/SLZ'//\`!,?"E],\
MEN/5J+-@I`N/(D*9L2I&?'0[\I%J);$!V#I_:%=4>"^\*M"#(HXL!UV$LT8Z
MF+-HX<>=$XJ7B&AH'FOH79.BKO@8<>5NVH6F=M:I.+1G"2Y7Y&8=#;,J@;W?
M+K$,R#L0@5"<M*FS582XL@CCUUO^E#R?>`!U/SFT2Y.23;60JML&R/Z<MA)#
MN$]@1*[MX&D2)YR5*]"AHULU>58S[>5I[*S:&WF(FAA#6_@)00AA!`)2<#'#
M$#D-I=;?#(QAYAYEYO*'$O#N+;<1Z586I/ISXWS+#(S>&AVFF&DYSE+;+:&F
M\95G*E9PAM*4XRK.<YSG&,=\YSG/USX0NZ0UGL#=.Y=4:@U.-\9M#:6QZ7KS
M70GS@:O?$WBXV*/K]5'^?&DAB0OO39X3?S4HL4<#U?%/$,MM*<21G_-GO,`]
M\_\`IXG[YQG^N!K;[XSVS]]C]_OXX:?\L;U[I*+(:E=0"V(<=*C6XDCEEJ:2
MR22.VYEE`HTELA(>3%^I;0ZG7&$X4[E.7VD*4KQ4-R%X1<F^G%NFAU[GCQ3N
M%7!+/^=-4ZSS+L/4-JP,.^PB;C*MMG6TE,P\BAC!8C$P93[`9+0*C1,&M!.E
MCX<9_=!3E[P;YN=/"2H/"_1T1Q2#U6Q(Z[VOQP@I!J;,H5IN4`<H"W-74P8:
M4V0#L$5HPZ.V-;!FK--2\/-15B;^-@5./JE=":%V_NWDGKSCOIEA#>ZKYL4;
M7%"#.L\?25.W4DXF+C8Y=FD#H\"&+*,'4"R0\>PVHQUL=MS*WFTJO]QY9_S`
M&<8SC7B>V<8SC^N!K7'TSCOCZ?PC_3_Q^3QK_-GO,`_V>)_Q@:U_W'\9_-GO
M,`_V>)_Q@:U_W'\?*_+.=?Y:%H7KIM2%H6A:%\O]:*2M"TY0M"TJV/E*D+0I
M25)5C*5)SE*L9QG./$SNDSY<GJO<4>H[Q`Y#[HT;3*]JO4^XXBV7F<CMYZAL
M9D5`B1,T,^6Q"0MK+EY):7RAFDC1HA12LNX5AG#:''6Z`N4A9]'ZU'(&2V&7
ME@VL=3/8TM;#UH5E*&XSE)(R4B<E"6&%+:P$UDEO"!VL+:].6V\84G&74+7_
M`$Y_2MS./R]\*<4I.?\`QE.<9Q^C/CJFP(N1G*+<H:(3ZY66JEDC(U'O(&]4
MA(0AX82?B'%H0QZBGF<>\M:$-=_<4I*4YSA5PGRSWF`,(;QC7248PTVGT?QO
M]9I]'I;3C*?2C9&48].<=NR,Y1CMV3G*>V?'U_-G_,`8[=]>)QW4E/?^.!K;
M/U4K"<?;8^<_?./MC.?T>*==!'[UJO.?3&G;#=K@=;JWRQUIKF7B8^_RT]'%
MV:"W5`UDX"/D!9DB*F!'98)Y@,X5YX$YK+9(SRV'6W,D#^=(_&B:+_4DUS^^
M[?G@SCRWOXD[@3_]>7W]]^TO%AW+3@OQ(YT49&N^6.A=?[KK0V7EQ"K5%N-6
M2KD$^CXDRF7:&(B[I2SB<(0@HRK3\2\6VGV2U/LY4WD7;DEY+/A)?B9*5XT<
MC-Y\>3S%*=%K]P`KN]J+&?TW%I$CV#W*%?$#80IMI"Y*]3A*$M^MQTA:U>*%
M.3/D[NIOI\.1F]'6K1G*B%":?>%A*K:3-9[%+;80XXM2:KM`6-J*WE-MXPT(
M#L<TE]U266&G%9QWJ]XZ]0KJP=%'=Q.M(VV;>T[(TF29_#3BMOF/L4CJV9$=
M7ESTR6K[*2V%'"S;#:51]YUV57Y@H'T$P%J6(OU.-,>DUU-M6=5CB/6^26O8
MK-.LX<N=1]PZJ?EV9N3UCLB'8%+.A5R2!H]4O`3$4?%V2I3_`,`)\T@I4=HL
M829`EP`U'O2@_&?].S]=[BU^^JF>'>^/M^U7^>?&OBA+S*_%NJ\F.D)RF(DX
M04VW\?ZX+R1UW,J'86979C5AC,A;7PW7&U.-HFM9%7:`.;;4C#S![;B_6X*/
MZ!`O)>[0EZUU&]\ZJ9=?<K>S.)UEFSA&U92RNP:SV;KHVN2!&/=0GN-&VJTA
M-+]MY>/FJT8PVA;B_%4W5ITQL/I>]:+=,E2XI=1?I')*,Y7\=BU--IB%U&SW
M9K<&N"8G(ZFF2(B`FDFTPQM&$)'.K,M&/)2X,XGPV1X.<P=4\\N+6G>4^G)1
M@VH[6J8<R1&8)9(DJ=:A^X-SH5@0TI6!K!2K,Q)5^49SG*'%AM'"K>`.#)?E
MEXSQ4'UPNHZ'TRNG[MK>$#88>+WE91F]9<<8J1&C95Z4VY:D+;`EVX&4]8<O
M&4&#:F+Y.CG#OQK@4$S'&M.KE112A\O+9]5[JO\`5$Y>['C>0^Z*O8^-6C=3
M'V2]@1.D=751^>O-UD&ZSK*N?A%5JO&R\6[W'M5P7D60:04/4G0"!W1C<J;'
MI\U=P^F>,O5>V5LT:,6-KGEU`PF^:>>WA"Q/PF<`#J&V8E;R<I5F5%O<(_:2
MF,XQED"Z0SF%9P_CTL)>AYU!ZEU%^GEH[;`U@C#]M4FKPFIN0==8)QF5KNVJ
M/$"1,H<>"X^00-'WR-%`OU=?6\^T3&3^1\$+-C9%@:WKQGB(//3E[KW@AQ&W
MKRKV48PQ`ZBHLI.QT:XXR@FTW(E*8JA4N+0\^,A^5M]R.A8$)K+S:4Y,=*><
M:%%(>;5.=`;0%MYO=9SC(=."D6$>D[9/Y9[;F5(RI@0/54D[L?YG)I1Z_P#A
MI_:#E1K:,?\`2Z78F&LY]*EYQ91YT;U?RH.B?5VRK^)%K?U9Q]O5_#;OSOV_
M1W\6K1G,GEEP,\J#P*Y)</K8'2[Y4[A&0ESFY*DU&]QC6N+ENC?E>-:-BKE$
M3$>(EVXDTID>2%:'.:)>:$P_@<UY"YH^5^ZQ?)'J9@\LJ+S`V=7+MMK51VLK
M?01HFC4Z@NN:WLXE@@;(XQ&TV!AA)%F%MT5#_'GFN&%CN6:.&3E@=QE*RTO&
M9QC.,XSCOC/TSC/VSC\V?`A_G'./.HKGTX:ER#G(.)%W#I?>.OZ[0K@@4=N?
M,J^R<S<3;Z`H_+*B'X$O(@%O1'*<2T)*5E!@WM*?,232KY0G:VYZ1%<_H?6X
M<G-1#YO%V3.CV6\DAQLD^/R##46VTIIU#),F''B,D.)PE;[46(E>5)8;](T/
M2@_&?].S]=[BU^^JF>'>^/M^U7^>?&OB'O4+@\6?@1S;KF8[,OF>XC<DH=$4
MEI3ZY%P_35T':";93_3<=(=6AMI*,X7EQ2<(SA7;PK\\JWMR(U5UF^/<;-&*
MCPMO4S<&H6R<O+985+V+7<A9*X&3A+K:'L2=AI\;&BLO)>0J1,"4AKXA+*T'
M!^8FZ)K'53T-"[+TL*"%S,T)$2*-7.'2`L/$[5HYY?S6=T]8Y,YQD&.*>.R[
M/:\GY%YJ.@[,[)1DD^%"VR5DH\"+IG=6?F_T)N06P-92]'G)2@-W!<7R'XA[
M77+T];%JAL)CBIJ`(("..U?LT<)MD'\)!H:7A[)$M1X]B@K-'!5\J,.$TIYO
MCI+;$K$1);0F=W\?[00"I<U6+AJ2=O`<;)-*2AT2/L^K,VP68#>SE3H![T9#
MNOCI[FQ\:2I(N?*N3?G(NG#K.L2?\7"C;OY,WQ0W>!$>JO\``QKQ92V%J[3U
MMO*B+<$R.]Z$.(B-;3+CZDK0RZVCTD>`?.4O+3J)=?KF=4H\BM3NTMA3A)E;
MT5QXU:$6U1-75@LE!<DW!A2!:QXP/"&F938FU;M)I?)'`9-LLZ#`0T/&13/S
MHJ]+6I=*+AA6]'MG@6G<=TDOX2>0=^!9R@.Q;)E(X0+Y)7W'D_&?@70H<86J
MU?!"FE2/PTK:708XVS&A,<7UM.D_2.K/Q$DM3O'`U3>FMBS[[QSV*<AY85=O
M60,"R57L>!UH(71MC1H[%>LWL^\N(+9@;>.#(FU<:/+61\8^5745\OMS6N,5
MBK3&LMAPCX]9WAQ^V>*83KS;-3"-(=BWI!N*.:$FXWODN4UMMJCRKN1V323*
M[-R$#,343*G)<:O.*=,K:%2`(Y!0.[.,5\:$8^>PQ](-V_2U2"FV\O-U>XZW
M;+G90)"U+]#]BH54*]*<X6-G.,*7V3>GG!^E)K>MOFZFQOOD3:'12<QD#4]6
MFZ\B$R#>%X%'L-GVN75G(L$E:4>X="5^U$#,.>[B.?=1D;(/G4XZO?-_K?[G
MH5`)J)\1KX>V)!T)Q+TZ-.VU)%OG,_*09.36P&F?VQM$T5[,0),.Q``,4(0<
M+4JQ6AY6<S)GR>6^Z+\CTN>.UAV1O:-CL<PN18T*5L4,,UB6&U-KZ*[R%6U`
M%),86&3.,2)9-@V1)0[[T2?9<QD("5*QU/CIF1%7\Z/^-"T5^I'KC]]N_/!2
MW24XI4'G%Y:+C[Q0V:^6#3MW\?MHTXV8CV&2I&MRBMY[*E:M;HP4C*1BI2GV
MN-A+/'#$YP.07%-#O9PTZO/A?*^%U#/+W]0O$DR$=J[=VL#Y8&+E9*%=F-4[
M]U+*E-M&NA8?PQ'WS5.P8X45PI,>8).U:78:;^*J6PZLVY$&X<3_`#E/`#95
M5B!>5>NMQ\:MBM`L8L1,#6U;DU4^>AK*2'Z_.59]C8#(Y3R/=8CIB@9=`0^@
M5V8D\LK/=EAL3S:71FI,*_)US<&VMLR#0(Q;5;U]H/8@4L2Z0,I]8*#-E!:\
MKC!8CN$BF?%3C0[9"\>P\4RE;R0D>M/UP=X=;#8NL=*:JU19:#Q_J5R8)U/I
M&,]R][0VAM6=8<K$3:;2BN`N)E+4L&4*K])HE0#.9A4SLLU\SLTI*I,%.>\M
MKTH;5TR^$\H3NZ'&C.3')J?A-E;:KSF12GM>0$)$/QVMM6&EC9>&,FJJ#*V&
M;LSP[C@X=HN$S!#/F#0K)Y0_W"_II\)Z)R_XL7:JZ87%V>H<A].V:NR>=E;=
M/^73<'?8.2BS?@I.^F1Y?PIHS+WPQPA(C^$9:)8>96MM3"S'V_:K_//C7QQ<
MY"Q-DAI6OST>-*PD[&G0TQ&&MX>#D8J5%>`D0"FE?1T8P(A\9]O/T6TZM.?O
MX7,TSIM<,M4;@K-\USJ63J%QUQLZ+LM&L<1MK=3,I69ZI7!HVN2L80YL5S+9
M<24`(\,XO#G=3.,.X<2I:5,>4X^F/T_7/?Z_?ZY^_P"G/V^V/MCZ>*DNJOTX
M.#O,G1VP+QR1XWT#8U^UY3CY&G;%PF:I^QX=<>,IP./QL&A2]6N9]?8=6IU-
M7E)PVMJ=SAU<4IS&%83O<@*G7Z5MB^5JL@9C86&M<U&QH62SC<C!"%*;'9^)
MD22S'O;1C"?=((=>7]UN*S]?'L/!355"W%R-UA1-CP6;%5;#<H"*F(O$K-0^
M3`#9(8<ICX^`D8N2']UEQ:/=%,8>1W]3;B%8PK#C/@-P!X:\&=60L+Q2X]T'
M3V+378LZU3\.-(S=ZM3Q+3!N6K3L:W2%AO\`9`1R5K=CXR;LIT;%YSZ8T05&
M,)Q/OQGB!//G@1PZYRZFG(+E;Q_H>XVJC6;#*5":FQI"'NM1+2"06YFI[!JD
MA`7NLC&$C#NR0$'8P`)53#.)(8M+:,834<S=<4S57('8M)H4/F"K$%8C08J-
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M662I_;4NY8;U?&5DC+%,9K%BO\W:#Z,#(#J4S)1M(=KT?)(SZ3Q2.V.Q`&,8
0QCMC';&/IC&/MC'YO'__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g193242bei001.jpg
<DESCRIPTION>G193242BEI001.JPG
<TEXT>
begin 644 g193242bei001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+#`Q-#0T'R<Y/3@R/"XS-#+_
MVP!#`0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P``1"`-/`J@#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#WZBBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HJC#K.EW,R
M0P:C:22N=J(DZL6."<``^@)_`U>H`****`"B@D#J<5'!<0W4$<]O*DL,BADD
MC8,K`]"".HH`DHHHH`****`"B@$$9%%`!11D9QGFB@`HHIKNL:,[L%102S,<
M`#U-`#J*BM[JWNX1-;3QS1'.'C<,#^(J6@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`H/(HHH`X6X\#W<MY)+')#$K:K/>JT
M,CQN$:V,2#*@$$/@G!Z>O2J]OX4\7L9OMOB&20R^0&,=PZ`@/$7``4%3M60`
MKC._GV63QGJNDW5Y'J,%O*EC<&S+[Q$LSE#,KLQR$'E!5`_B=L<"I+SXG6]L
MDFW3)3*I?$,DHCDVB.)U8J1QGS0/J#UH`O:/H/B.PAUD76KFZDG1EM?-E8H#
ME]K$<,G!4$*?X<]:R4\)>,&MI@VO%'$<@MPMU*0I:2-@#QS\HD7<<D;\CVV?
M%?BV[\,2:?(]A'-;S1S/<;9#N5D3<%3C!SZG'`/%8LGQ%N8;DW+V$GV=K:()
M;;A@2M/)'O,@'W"$&#CTX!H`V9/#6HSZ/H,5Q>//=Z=>K<R-)<,/,7YAMW*!
MD@,,$CG;CN363I_@GQ#8VFG64.LM#;6]O&'$=S(<3+#,I91_<WM"=O`^0\>M
M?4?B9<36%\EE8M:742$QF257="ODD[TQ\H(EVALD9'N*UQ\08UOX;.73G64W
M#V\H68'YA-Y/[L8!DP<,>A"\F@"A;^$_&"+IXD\12[8I2TRBX)(.4^8$K\P.
MU_D;IOX/IJZ]H7B2[U6>XTK5E@MBBR1Q/*XQ-C8P(`^X4)./[X!K);XI".UM
MI)-#F,MS#%<1)'.K*8W1V&6P`'_=L`O0\<CG'0:YXNBT2]T^W>SE?[6H?E@I
M`+HFU1_&^9`=HQP"?8@'.WVA^,-/>[N;/46EVA$LX5EDDWN)5VM(&Z`IN#<X
MSSZ8Z33-%U*UU2[%S>O/ISVD=NADN':4LJ@%AC`3/)/5B3G<.E5)O%5U/X-C
MUN"VCMWDO8H41G\S*&X6(D\#!(W8].*SH_B'=W"Z<T>DQQ+<R6SR>9<;ML,Z
MRE2,+]_,1&#QRO))X`'Z!X4\0Z1<:3&VI+]CM(HXY%6XD8%55PRA",'>Q1MQ
M.5V[1D5:O_#WB":^U*2#56^R/+');0&YD0E2R&:-F`R@.S"E<D;VZ56T[XC_
M`-HQVCIH\L8N#(09)P`$2(2D]/O8.TKV/<CFJ_\`PM$*MLC:).9YTBE"1SAE
M"/&L@&X@#?AON^QYH`2?P;XEPT\6L9O)K:UCN)1<2(7,;/N0>@(=?F`!RAR/
MF)K5O],UOSO#=K#?W+E5\K4ILD!XU"L6)&`'+(%!QDAWIUIXNG7PI=ZWJ-G%
M']DO)(9XX92WE1)-L9SD`Y5?F([@=LU7E\=N+R*RCTIOM4UNLD:/+R7:-Y%X
M"Y*83#,.A(&#V`(X/#_BRWNC<'54F\NZ2;RFN9`MP`TNXGY3Y8VO&-@!7]WG
MOFGZ9X7UN/PSK%EJFH_:[V\LA;1,]Q(Z*?("$D$<9?<20,D'\*/#OCU]:U*P
MTZ33666>UCFEFCDRBLT7F<`C)7^'/9LC'&:)?B+:PZY-IQM-RQSI$9UE^55,
MPB9FRHV[20>X]Q0!6@\"ZII[7\FGZO+%)=6")DRE5%R,*6V(`H&Q54-C(Z]>
M:6;PYXE\N%Y-4E2WB67SH8;J5W*,S%%5L99H@00<9D/!P`#5&#X@ZOJUU;?8
MK*VABEO+=(D,^3-'(LQ.6VX49C'(!Z8YJX_Q1MA9M<KIDK(++[4JF90Y/D^=
M]W'"8^7?TW<8H`V_"]GK*6UI=ZRS-=RP.]QFX?"2,RD((ONX`'7.0<CN:Z2N
M%N/'LNGF5;BSCDG%]+;FW%R%<+'&CL4^7YP`W?!)(`SD5/I?C^/4?[-,FG-;
M+?7)MPSS!@/D5E(`&6SNQT`!!R1QD`[.BN%U?Q7K,'B<Z7:V]LJQW]K$@,A!
MGCDBD8Y)7Y1E!R,]"*L^&_'\7B358[.#3+F*-X1*)G8<'8K\C^Z=^`PSD@].
M*`.QHKAI/B,D0D\W3EC),HM]UQQ+Y<YA8'"G:21D=?PJNOQ1CDMS<QZ/(;?R
MO-#&X4-@0)._&.RO@<\D=@<@`]!HKA8_B0D\5PZ:5+$J726\<EQ,(T^9W7,A
M(_=D;#P<YW*,Y/$9\?3:7X/\/ZE>P)=7&H637$CF981E(]Y`X()/0`=Z`.^H
MKA[GXBK:H\LFEN(EN9X1F<!F$)4-A2/]82PVQ]3AN1BHM1^(R6LMPOV&7_0[
MOR7$3!S.`)3E`1RO[O&1T;<O\)-`'>T5R.E>.4U&?2X9+!K<WTDL89I@PR@!
M&W`RP;GDA0-IR<X!@O\`QQ<:7?:K#=V-OMM;Q+>$_:=@*F`R[G9AA<@$+ZM\
MO;-`':T5SM]XK6T;1MMC,RZLH%OYAV$2'80C#!P=K.W_`&S-8<_Q&E>.1K/3
M%(ANX8Y3+*?DB>5HSN`'R290_*>S`Y[4`=]17/>$O%(\4V,MRMC+:JC*%WL&
MW!E##IT(S@CL?7K70T`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!114
M5Q<06D+37$T<,2]7D8*H_$T`2T54FU33[>.*2>^MHDE&8V>95#CVR>:D:\MD
MN4MGN(5G<92,N`S#V'4T`3T576_LV,06Z@)F)6,"0?.1U`YYQWQ3Y[F"V0//
M-'$I(`+L%&3]:`):*A:[MTN$@:>(32#*1EQN;Z#J::+ZT-S);"ZA,\:[GC\P
M;E'J1G(%`%BBH(KZUGMC<Q7,,D`SF19`5'X@XICZE8QVB74E[;I;O]V5I5"M
M]#G!H`M45')<0Q+&TDL:"1@B%F`W$]`/4FJQUC3%G,!U"T$JD@H9UW`CJ,9S
MQB@"[15<WUH&A4W4.Z89B'F#,@QGY?7CTI6O;5?.W7,(\D@29D'R$],^F?>@
M">BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`/+W\9ZU;3R75[803Q00W375E`""3'=)&A&5R7VD$`D`@@\9XZ/P]XE;
M7M'U#4Y](CMWMP2-\JX<!-VUF(^4@\'(XZU3D\>W*:=-<'2EC,-T;.5IIF6-
M)45V<%MI./E55..6<#BH+[XD36HD1-';[0"Y%O-(4<((XG5F`4XR9"._W3C-
M`%4>.[U;AM1FM!+IQM[,M%AR89)'F1F3"$N,H,GT&5SGD3X@RR64IC\/1210
M12&4*QVE5DC4%1MY7]Z&/H%;&:W/$/C&XT'4[*Q-C#.\T`E<+,0S'S4C*1C;
M\S?/D9QP*JV_CNZ8:,;C2E3^T(XYL+,Q.'D"`)E1N90=[@XPO/-`#_#NM6]S
MJT=L-(BM)-2@>]F*R><6D#;2>,A5*HI!.`<@#D&JR>,KJ+5;F`Z6LL-M>%'E
M9\.`]T;<;`$P>S')Z9Y/6G6?Q`NKJ:VB.DA7N9Q:Q`2,<R?*P<_+Q&R&1U;N
M$Z`G`T?$7C!M$U-K,PP*%ACD5YY&7SF=BH5`%.=NW+$D8W#MS0!F^(]:U>U\
M0/IMM;VB0";3_(RIS*LDK*X;*D;1@<CE<CUXET'QS-KVMVMB^AM"K1[S*\@R
MK!22R@@$ID%<CG)Y`JM;?$2[NK/[2-)CMXB;9"]Q.RK&TN[)?Y/E4;<9ZDLH
M(%=%X,U5]7\*Z=/<7'G7OV:(W1(PPD9`W(`&#@@_C0!A:OX\&EQZG&NG12-9
M7)B2)2S"0*A?[RJ5#DJ?ESD?EF(^/;A97']@*ULLFU=DA+LBSI#]W;C=ND4@
M9QP>>E>@T4`<9HOBQ]1\,:MK#Z*MNUE&\RQAP?,/E[RIP,JV?E.15!O'4J;D
MO-%MXBNX*^]G3S$\G&?DX&)UP>Q4YP.:]"HH`\X3XC7$EDUS_8"BW:-2ZM(=
MYD:&1\$;>G[K!.<_,..U2P>/[QO$4&ER^'P)LQ*TL<WR[9%1L(64;BH<%AQT
MXS7H5%`''CQ,T/@RR\0RZ=;PSW(3RH@68*'.0"P4$?B`,GK4GAOQ-%XBNWA?
M3D@\RSANB#\['>!N5^,*0<#!Y.,XQTZRB@#AO"&KZGK.KW#W"(EK%81/"A`S
MO:689;"#G]WVZ#L22:KR>/'31UOQH2J#(]LPD8J`T2;I(P=O)+@QH.C$'IW]
M!J"SL[>PM4MK6)8H4SM1>@R<G\R2:`.:TSQ/'JGB%-*ETQ(I@]TSA^7B$31A
M&(QP7#YZ_P`/&>M96G>.99;BU,V@Q0Q.P(>)V9D$GGX.-F<YMVSC^\N,GBO0
M:*`/+IOB!?ZII^KK9:<D%Q:Z?-<+>*Q;E0A38"O/,G?'0UJ6GCF235K"V30C
MNGC_`'A1P'C`9P8P"!EDV#<HZ;AC(Y/>T8Q0!PO@[Q*?$&IWZWIMD65('MK5
M2'"YCWR#.T$D,1N]#4=_XS>WUB\MDTWS19_:B8X</YPCAW#)VD;B01M!R,<@
MY%=X8T,BR%%+J"H;'(!QD9_`?E1)&DT3Q2*&1U*L#W!ZT`>;M\0Y@EZZZ':7
M*6X>2X:VF+^<$:)?DR@W,?-XSC[M4]4\9R7V@+J9T2.UO(!<1VD\LV4@)MR^
M,`']YD!0C+R17IMAI]IIEL+>S@2&/<6(7NQZDGJ2?4U9H`X[6O%7]A6.CF2S
M%W+<JDCJ4(;)*`LN!MW#?GKGCTR1BS^/KE;<`Z/;6TLL3/!<&4[(EW3*-QV<
M,6BX`!!+@9'?TNB@#AW\27.D^'_#UPNEK>W-QI[W$I`V.-D(D<*`OWF)QC@9
MJB_CC4Y;>&]_L6U:WDM;N1H_,+M.\(5D5&`/4,QP1GY6].?1J*`//I_B)+)=
M:Q]DTJ"ZM]-7?'/YYQ,2ZHNW"D8^8\@GIWS3X/'-Q)KBZ4_A\EC/)%.Z.,2,
MCLI:,,!OQL!/?YAZ5WU%`'&>!M?NM?N]5FE6**`"WDCAB.Y8R\>Y@6VJ2V?O
M>A&*[.BB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*Y3QKI]]JYT73
M[*,@-?K<2SF(21Q")&==P/8N$%=765XCU)](T.XU%9[>%+93)(\Z,PVCJ`%(
M))X`H`X#PYH]_%KFBM=6-U;QQ:9&D@DLO,5IYI6EG4G;B,9`]AG`JUI]EK6G
M:A;*^D^=+'+=W.H326HD,SC>T+QRYSDY50O50,8%;`\2ZW91:"^J65A#-J!5
M9K59F\V,$%G89&,1K@MGWY'&8;3QO?W$,DYTB,B73#J=M%Y^UQ%OVCS"1@94
M[N.F".2*`,SPYH5]IESX:$=A<-<):1Q:E]I@4PJN&E+HYY602N1@=>XX!KH;
MZR8>-?MU]IDM]:/9I!:,D8D6!R[>8"I/R[@4^;&,*02.[_\`A);J'X>1>(KB
MUB%W)9).L"L=N]P-BYZ]645AP?$6YN;S0+5+&`/=;C?N7)$`42,0HZD[8F;G
MH"OK0!!+H=Y+I]YIJZ1,=6O-6\V34&5=D4(F!217)_AB50J#D$=!UK'N]"UY
MVU'4AIUP\E]_:4]O$L`$D,SE;>+<PY(,19@.V,\X%;\?C;5I?`TOB5%TTLL<
M;BUV2`AG(Q&6)&2=R\@8J?5/&>J:3X@@T9X;"XNS'"Q1/,4RM+*56-"<@$*K
M,2>..PYH`KR>#3H\^FR20G4+!;H2W<%M;[4'EP>7"?*!)8`C)ZDL0<8`QD:G
MHGB"ZNI[FRTMK/\`?7NIV\+P)*JLL"0Q*R\J'D)=\=N^:ZM?%U[)9IK"V5N-
M(DOELXPTI\Z56F$0E`Q@#=R%ZE><CI3?%GC&XT'5H+&U@MY7-L;ADE9@9"9%
MCCC0CHS$M@GCB@#F-9T/7;W3(XK#29%T_0K6%;"&:0B62=-CF15VG=@+Y8SC
MDOZUI:SHVH7$'CF\M]-D^TWRQ6-D/*^9D\L*SK[9EDYX^Z:U[_Q=?16NLZE:
MV5N=-TB5HI#+(1)<%,>9L`&%P20,YW$8XZTY_%MS]F21+6$M<:Y_9EL-Q(>,
M/AY/J`LAXXX'O0!@W?A^Z_L[7=+CT>674M0NA'!>,@,<5N-BQN')^41J,[1S
MN!('.:HCPYJ[^(8KD:;/]GUW4S-J)88\F.WN-\)8=MR*!^7OGI9O&LZ^"FUY
M;>!7GOOLMHK;RK(9_*5VP,_=!;BDNO&LVDS?Z<+6XA.FR7D+VX=6FD$JHL:J
MV>N]1]3Z4`=M17%Q>,KU-=TK2[FS@W.4@U&2-F*P7,D32)&O][`3DG^\OK6>
MOQ(G-QK#+:VTMO8QWDF$+AT6`[49LC!$C`@`=,=^<`'HE%<_HFLZA/JDFE:K
M;0QW2VD5VKV[':5<LI4AN00RGUR/3I704`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`'*VGBCP_86$2VD<R)*'E$4<)+ES-Y94CK
MO:0D8]B>@J;_`(32Q::UACL[]Y;B=[;8L(RDJ`LR,"W!"@MZ$8()S5(^'M"9
M[Z;[5<PO?S)>)(S`>0\<F1LR./G9FP<Y+'M5^R\.:;'-#,MY--<6MY+>2RLZ
MDR2O&T;%\```*<`#&-HH`BC\1:/+H[>+C9SI%'#L29HAYCQ.RD;0#T)QUQTI
MR^-])(0.EU'))N2.-X<-)(LOE-&O.&8,1T.,'.<9Q3MO#&B0^$I/#BZD6M+D
M;5<")9"%V^B@,>!DL">:LP>'M'TNQL;A[MWBTBXENUD8J0&D5MPP!A5Q)D*H
M&.*`(M<\6^']*U=VU*&?SM/&%G$)94=XR^U3G[Q56[=B,\\WKCQ?IL-[)91B
MXN+M'1!#!'O:0LAD^7G&`HR3VX'4BJU]X7T#5;O6'GE1KK4(5MY7RA>$;2@V
M$C*D@U5N/#N@VE\VHV=Z]C<F2*1'M#$!%E/*SM*D;6##.0>@(H`M1^/M`FD=
M([B1F2.WD`\L@LLSA%P#SPS`,.JYYK6T36H->TU+^VBF2"3F,RJ%+J1D$`$\
M?7!KFI?`?AV+[%";FYC9YX'MR)`2S0J3C..0PR6SU/IQ6EH.D:-I&B?V3!?1
MW%M.3&NXQJS<`$90*6/3D\\CGI0!J7>M6=EJ]AI<OF_:;XL(ML3%?E4L<MT'
M"GC.:IWWB[2=.U673[F25'A@,\LGEG8BA2_)_P!U2<XQVSD@5)>6>F3K:7;S
ME8M(9Y`$;('[ID(;J3A6/OQ6+>^$_#US>?:GFG=&M1:_9TE!`B<%!R?FV_O,
MD9QG#8)`H`T[/QEI%[>VUFCRK/,2A22,KY4@+#RW_NL?+?`[[3[9EO\`Q5IU
MA=75NYE>2V5/,$:@X=RH1`"02S%UQVYY(K)M?"GA^&^M[DWTDTTCL[[Y%_TJ
M7+_O&P!\P\UP-N!\PXX%1CPQX<N93JL=R(5N(_*5)/+=58HJ9PX.3L11@DCO
MC/-`&Q8^+M(U"]M;6VF=GN8A)&=AV@D%@A/9\*QV^BFB]\6:=97%U"?.E>V=
M(G$2AB97("Q@9R6.X>WOD8K.@\*>&[69)8YL16L8@>$2C;O"M&&;'._:SKP0
M.3QD4R\\'Z#%J<\SSM%+?(^U'6-U7`C+L-ZG/$2?>R!@D8)H`T;?QCI-Y.L-
MF\MP[VXGC\N/B3*A]@)P-^UE;!Z`_6M/2=4M]9TV*_M1((I-P`D7:P*L5((^
MH/MZ5S?_``B^@Z?;G4;:[>"VC@$*%-DB(=JQ%\%2"Q5%0YR.O&3FMK1;?3=#
MT^#2+6Z#K"S(`[@MN)+$8&`.O0``#``H`UZ*K)J-DZHR7<+*^2I#C!QUIHU.
MR>,NEU$ZJ`25<'`]:`+=%0)>VTEM%<B9/)E3>C$X!7&<_ES0EY;2.Z+<1%D.
MU@'&0>>/T/Y&@">BH5N[=ED99XRL>-Y##"Y&1GTX(-1SZG96RN9;F)=JLQ&X
M9PN<\>V#^1H`M4566_M7=$%Q'ND^XI89;@'@?B/SI\5W;W"NT,T<@0X;8P.#
M[T`3455&HV15C]JA^0@-\X^4GH#21:G93H&CN8R"7`RV,[6VM^1XH`MT54N-
M3L;4@3742EF"@;LDDMMZ?7C\Z>;ZU601M<1*YW$*7&<#.3^A_(T`6**KQWUK
M*8Q'<1.902@5@=P'7%.DN[:$,9)XD"?>W.!CI_B/S%`$U%1K/$T22K(A1\;6
MSP<],57FU6P@CD=[J+;&H9L,#@'&#QZY'YT`7**ABN8YIY(DR2@!)XQR6'\U
M-34`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!67K>G:??Q6KZG+LMK6
MX2XVM($C9U^YOSU`."!G&0.M:E<=\0]*N]>TNTTJVMWD266225PN54)#(4S]
M9-@_R:`+DN@:3'XIGU:XU&4WD]N4>&:="OD`'*JI&53J3@C)ZU'!X<\/0:7J
M-I'=$QW%DMM-,UT&>.VVD(H8_=4*3CUSGD\UP4WAWQ!<QZEJ4VF3B_NM"%K&
MI7<8C,XC$8YZI&FYN.KM4]YX5U1M:DEATN<V^KWXL+O(_P!5:021>4Y'H4BD
M';AQ0!Z1>66E7NG1Z?+.HM[6>#*+,!AXV5D1OQ"\=3^-8D'A#PO<&:TM+C,@
M^UF1(;H%E-P`LA('3`&T<?*.*Y&ST'6K?6;2[;1[DP:G=-J]^,<Q30O,\:$=
MBP:$<=TZ=15S2=/UZV\#V>CV-K.NHWH$5Q-+:_9A:J<O,3)C+$DE5.#R<]J`
M.O;1]('AVUM+G5))=.CGADA>2X15/EL"B`@`%<H..^*=>^'M%?5'O;JX*W-W
M=V]RNZ8#+PCY`H/;KD=\FN-LO#>LRMIVA_8$L[.QU&^N%:2'SX$0K^Z"@[0W
M,SXSW0Y]#-+X:GT[2M?TF+1[C4;ZYB2ST^XE`9%MQ$B)F0\)L;<Q'!)Y`-`'
M61^&-%@N8RTTAAL)C>16CW'[JW<ECOV^F2Q&[(';%-OO#NB:SK;75Q=R2RSV
M\0>V6X&R2)&+I\HYV[CG@X/?-<K>V>I_8_&T$5A?27^H)'96\AMV(DB2)(M^
M_&.2\C8R>]:,&WPWXDO+Q+"[.F%%60S6P+K<92&-8&'S,K+R1T7`Y&2*`-N^
M\,Z*'DDO)Y8[.:Z6YDMGN-D#S[@0Q'?+`';G!/.,TB^']#M=8\\W3I-`9KN*
M![GY;=I,^9*J'IG<W)R!DXQFLKXE:3?:[I]KI]I:231JMQ<L57(#I"PC7ZEG
MX^E<U+X<UN_NM<O[O3[@7FJ6=K:N-N0JS39E0'/W8X@BGIR&YYH`["W\':4N
MF:=I<&J79ALW2ZLU$T9:/:"`P^7D?/G)SSCFK-[I>@:EJNFW-[?K/=Z('D4-
M<KP>`6D4>A`/.`#61X$T6^T[5]3%[92006$::;I[O_RUMTDD<,/P=!_P&J<6
MBM+9Z_:2P:L-'U$;I)#:J+H2RR,90@`R4`VCD'KQD4`;,'A?PJMG'?)+"[0W
M@NVU$S(TC3!]WS2=\DXQZ8%1GP+X<GL'TY;F8K!:FTEVW"EPC2B8[^.I89Y[
M$^M8.LZ/XHU70=+M+K3H983-'OA1A$^[S]P>554J`(E`.#PSDX.!4VHZ-=:S
M?:W=RVMU%;2V\$4+/8D-GS_,DC,:G=*IVJ&;T)QGF@#N-'TVQM!->6LSW4MW
MM,ET\OF-*%R%Y'``R<```9/'-:=<YX,T^^LM+NY=0C$,][>RW7D*`!$K$!5P
M"0.%!(R>6-='0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`<^]M:&*0B>Z4+<"W3]V,Q$N#\O'`RP^8],#'O/%!::9<M;1>86N%8
M[D"`QJ#S\W!."Y/>I#)I[*Z_:3B:Y#[ATWJ5XSC&,J!3)+FTU"_LD2X:3.95
MVH,<88?-C([=.H/O0!6M+6Q%K)-OG/ECSV#J`64E7!P.Q\OZ]<\TZU:TM]`6
MVN&E3SY#!(<9*._09]`"`#Z8J:SM].4W5HDZF>X4K)M55X&X8``P/XN/K36?
M3)]/,+-Y,%L[1E%7&TC>N<`=.IS[?6@!8+.WO);DQ7,Q:WG9`=H`20E9&(X^
M;G'7/<4R""UMA+$TTZ6]O)'EY=@5I%"]#UZ`9XQZ58LWT^P2:..[+;''F[N2
M6P%[#DDC)QW)JJ;:QN8)+EKKR!J`CE((0'#`*`3CD'(&#GDB@"0Q:0LEM9"X
M7S0",!AEPL94[L?[+&D6VTU$,DNHABT9)=G4?("@S@#L4`^I/M5>.VTQY+J(
MW<ACB0QLIP%92@4XP.3R.>O`JU96VG/)Y4-R))<([;5"YVN'&0!UZ9[T`!M;
M33-.E\J.2:&XQ'F$)N"MPHSQD?-U]_K4,MEI/FR_:;M%>11YBNR!N-JDY'(S
ML`/XU<WZ=':0VANQMWJR_,,GY@P_#/'XTU;/3]\US]IR`?.<EAA1^\YZ=/F;
M\J`((='MA<K#%=*4C3$J*JAGR5(S@>BCGK44$>EWA6.WO74M;@;\K\\>"A`R
M/]CDU+;+IVFRM-`[.S1@A2F&P=H)R0#V!(_^M2?8M.EM(/M$LBI<(`JL>QWX
M!(''^L(_*@"272M.N+;SQ./+7+"0D%5^9R>O7[[#FE9M-U&"!!<B-55T0`J,
MKRF1VZC(^E1&;3K?1ML=QYBNX=7C4*Q;<I#8QCKMY/7CUJG?PVD4CQ&YF>:(
MF,^8N%#RJYW9"^Y^[W`H`T[A;.VTUHY[IBMS*0T^5^^>_H/NX_"H+R+3TG@8
MW;%A<J1$K+R\C9'TZ_E4DSV$5I!;?;_*>V*%74`DMC'H0>O./6H/L.F:=>0H
M'*JZ&<.0,*$*9^;'0G;Q_P#6H`>++3)`JQZ@`O,7RNN6Q&%*YZ_=7)'X]A4L
MMOIJ1I?/<D1>:N&!&"S%%`Z>JK^9JH(M-W>1)-++&UN5\UBH58]K+M.!U&#[
MY_*K</\`9JV'V=+V,`N9-X"J=R$.<C'48&:`&2BTNM-@MQ<J([2=4D:1\,-A
M*D8'][!';@FGSV%E;L#)?F)G)\@LRC8,DG&1S][OGM534(=,2Y,,KRB174DE
M,JOF&4CJ.>KC'TK1DBL+MO(689AA*[4P`%RI],<;5Z=,_2@`A33XK26W6Y5H
MY8MS$N/N[0N?R%4DM]*:-E6_)BA"QS$NN"P0L&+'OAB3CO\`C4<ECHTLMS(U
MR,N0[C`8AV(*E3CK\RC`]1Z\OMX-+GMTC6Y95EE9E78$RRGRR0,<`DCZD^]`
M%C['ISSH&O`TLZKM&\?.%VGC_OV/UJ*S,6G2RVMW<IYDJ?=5@?*1%`&3@>OI
MWJ*4VL&K6SQW0\MYPY5?F+.Q<`<+P,L><]NG>I9UT^2XEF_M$Q?*TA52"`2%
M!.<<\`<9Z'WH`:+?2Y862'4"ODL(RX(RK-AQ@D<'&,$=*N3Z?;11_O9)2)"T
M8/H7<-_Z%5.'2M-FC2TBN3(4`D`90V`5V'(QCD#I[?6MBYLHKN!89AN0.KX(
M&#@Y`(]*`,J*WL^0-0<.[%G#[069920W3CYL^Q%2?V;8W%Q)&EVQ+;G>-2IR
M<M@],\%C^0SWRYO#ULS*!+(D:JX1%"@)NW9QQQ][]!4UGHUO971GB)R5Q\R@
MG.`"<XSR%&:`(1%86]W'="_6,9SC>H#Y&`,]<<9QTXS4=Y96\EPTD5^L4LL@
M"J2I`?>I.!C)/[K&/8T^/0AY<N^9HWEDD+>60P"/P4&1TP!].:L0Z1%#>BY$
MLAVL2B'&%SNSVR>7/Z4`,E2RCMS9O>JDL?\`I!8N`RG<7+$=,9R?2JJVFEB'
MR%OQE5`SYBY'[M5!/X)G\ZLW&CB[NYY)IF\J0#"*!P0I7.<?[1I)]#BN-X>X
MF",S,%&WY=S;SSC/W@#^'I0!8L8K97>:WG\WS5#$A@1@LS`\>I8_E5VJ.FV)
MLHYBY!DFE:1L'(&>@'`X_P`35Z@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`#%&***`"BBB@`HHHH`*,444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!BO8:<\$&^])
M@B!EB!E3:$4@\''08'/7G&<&DC;1K2XMY_[3A7<FZ)6N$VOD!=P[G(4#KBN7
M_P"$*N&^V+'/8RQ)/&^G6Y8E3`+CSWC?@X!8A>,@!%^E7K/P=<I>6%U<1V2[
M-4N+Z2!/F6))(F0(A*\_,0QX`R6-`&_;_P!E!9+V*]B>.*4N\@G4JC88<GH/
MOG]*AFL]'O+:4B^3RGC+NR3(1L9G.><C&6;GVXY%<U:^%M1'PXF\,236IOC$
MBQ_O@R$(RY((C!`R".0Q]2:EM/`\X_LB2\-LK6][<3W@C<_OHG=I55CM`<B0
M1L>%'!P/4`ZB6TT\3JGVH1W"R'9B1=P=OFX![X!XQTS52?\`L"6&VMI-2M_]
M&C*(/M2AL%<<\^@S]1FL/6/!MSJVO/J(NX(K=KN&ZCE1SO0QV\B*PXP2'9#U
MP1FL^/X>ZF="%M,=/-V=%N+%F7.WSI)0X(^7.W&??VH`ZT0Z%<QQVR7L#^8N
MZ-1.K%@%"Y'KC8#^!J:/^R+!(YS?0(H'FJ[2HJD,H7/&!@[>W'6N2N/`VK7>
MH)J$DMN'1+=1!(X8.4\\$EEC7!'FJRX`R000>M9D7PYUBR-DUO=6;P6<5J(U
M,NUD:,2&50S(PV[W)7(.`2,#`H`[>TM=,EN)8!J$+W4DDC210S*258@E,<G'
M`]._K6FNDVZI<)ND9)U"X)^X`20%_%B:S].T1[7Q+?ZJZ0;;FTMXD*\N&0R;
MB3@==Z_7%5?$%AK<^F6D-A?2O>QSE;B6(B+,3@AN,\,%8,O^THZ4`:[Z-#+<
M>?---))LV98K[>@XZ#@<=>.:6?1[>XCMHV:39;X"@$<X((SD=>!R,'KZUQ3:
M)XLDM8(S?7Z2R2/%=2),`1!A1&R?-Q)^[4GI_K).:8VD^-AY<T=U.+@QFXE0
MS9C^U!F*H!N_U)5B"/\`84XH`[5M#M6`VO*O"JQ5A\R@*,'CI\B]*LR:?#)<
M-,Q?<2&(!XR`1_)OT%<#):^*6U^RAC2_C@M;>!?.:])#[)269ESAW>,8*D\;
MLY.*?'H_BR"WTI5FO9)(($%P7O#S+OW2-][YPZY09QLSN'-`'9PZ'9P3"1`P
MP00,+UV[<YQGD=LXJ:33()(8HB7`BC\M"&Y`RI!^H*+7!6VG^+;:XTRUN)=0
MFS.QNIEERK6X"-C[V%<,@C!ZLK,W4D5+)I'BS^SY8O.O)9%NF$0-UY9>W"N(
M]SAB0X9U8X^\(P":`.R.BVI)):0OU+[N=V2V[IC.3G\!3#X?LFD,C^8[LRLS
M%OO$,6)...<X/L`*X.Y\->*DU&6YMKV\C6XDCDGD2<(SN(D0MM+%1AE9@O0B
M3&/E%:^MVWBG4Y_.M(YK;]Q)"BQW6T1/O.).#\Y9,#!^X>1GK0!V$MA#-<^>
MQ??A1@'CC=C_`-#-16ND6UI)(\((\Q-IX7T`SG&><#OBN'70_%3W$$D\]^D*
M%`84O3\D?G.SINW`N1$54.>21VP#7:>'DOXO#VGQ:HY>^2!5G<D'<X&"<CKG
MK0`YM%MC&45Y5RI7(()P0@/4'LBTX:1;JH`:7*@[6+9()</GGJ0P!YS[YJ\K
M!L[2#@X./6@D*I).`.230!GQ:/#$JJLT^T%&(+#YF4@ACQUXQZ4U=#M5!4-+
MLR6V;N`QX+=.N.*T@P;."#BEH`IQZ='%=_:$DE!&[Y<C;\S%CGC)Y/?IVQ5R
MBFNZQHSNP55!))Z`"@!U%1M-&OEY8?O#A/\`:.,_R!J2@`HIDDJ0H7D8*HZD
MT^@`HI`P894@CU%!(`)/04`+1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`&"VES.LMN)(6>
M.,+&N\C*M)N!;C_9QCD'!Z=K&E6DD-S<3/<B8.2,J_&=QXVXXQTZG@52;0;M
MB3YR@DH&*R$&4@/\Y)4X.6!X!Z=:G_LFZ2=I!>^7"2Y8`D8&693Z9#$$^O-`
M"IHCQO&T3I&8WD*E<Y&^4.?TR/QJQIFGS6=E+#+*7=_XB^03C&>@QD\D<_6L
MUM)O8+-6AF+7,8*Q8<L`Y*\]``,`YZ]3R:TK_3IIK>".WEP(T*_.[#!P`'R.
MI&,_C0!0_L;S[6=//CD1E\I@=VTLOE@#Z`HW3^]]:F_LR2._\R:Y)66Y#J"Y
M^?&Y@N`.W'<\+VJQ!:+%I4MO!,@(FD8NI(`/F%CGWJN=#E8HRS@.I9U?))5V
M60%A[_.G_?-`#&T2Z%I'"ER<*59@)"-S;"&.2&YW88<5=BTP1Z1<Z?A`LQF&
M1DC#DGG_`+ZYJE_93%@)IXHT!'[D2L0BLZ<`G!^;8P_X$1ZT/HMV%B6*=,!D
M=B6;(8,22.#U7`[=.H[@%BTL98[^.82IY:J.$=CQL"[,=-H()SU_6G/I3&[F
MFC,:[YQ/SGDB+8,@=<'!_P#U55.AW$<$<4$D8BC5E$6]E4DLY#<=QN!^H^AJ
M]9:?+:W+2M.7WAO,))^8[AM/H,#(X]:`*4&BW:1('G4-&SM&%8D(24(QP!QM
M;M_%]:5=$G8IYDB!%<D*'9C@NI.3QDD!AG'\6.>26SZ9?,T:$I-&'`&Z5AP%
ME^9N.N77CG[H_"[>V5U):1QP7&95C:,LY*YRN-W'<=?ZT`0PZ6\5Y:7$TJ.T
M)(7<3D#80<?D*BNXI;F\NI(KGR[2.+YF=RJ>8#\W/8;00?3.:?\`V+)]M2X,
MBMME>0;B<@MY@R/<*ZC\/I5B+39%TB>SD='>4.-Q!(R1U.?>@"M#97,=S"@N
MXO[YB$IRB@R8"CN/G`R<?=^F%D:)-%^S6^H01SVH1#*7R%<<'/KG!ZU=%F5N
MTGPAVP&)N.6.01SZ<'\ZI&RG+W!@>-#'+N51,3Y;$$LW*G&0_P!T#'/44`5[
MS3!&P:>YA$!D3RS-*<R$%653GCC8<$9Z_7,TEFRS2W/V]%,;%"V_[FXR';R<
M9_>1\>P]JLRZ5YMC8VOFLR6^`Q)P9!Y;+C/OGFJ<NCM>/++#/%Y$\HE8`<%E
MVA/RP?R7TH`ET[_0].NI+K;:QO)\GF.>/E5<\],L#^=1MH]RT+E9UD:1`#F1
M@&P(]I/!R!M8X[[O<U?U6"2>P(1TC:-UD)+E0`I!/S8..!Z50FTJ]FN9IEDB
M*R!=JF1@"0006&.<#MGG_9H`?%HS;'V3(N_SV#1EOOR8^;&>HPU$NDW5S&ZW
M#1.)%F4J9&(CWDX(X^;@XYQ[55&AR[%MH+I4\F(Q[8W*["2QST)^8,,C(Z=3
M6I:Z>]OJ$EP)/W;[ALR>F$"C\-K?G0!G"U-S*8K>]A+1$*8UE;]PVU!D8[C:
MV`<=?KF>72+G<[1RH2\IDP[M@'>Y!([X!48XZ<$8%37NFW$Z7(BG$9FDWY!(
M./+V8X]^:K7&A7#+M@GVH68LF\@,,_*,D'&T'CCM0!:U6WDDFM9EFBBC@<2.
MS-@@`@MC@\;00>G7KCBJDNAW)T\VR2QN"F"KNV"Q3:6)Y/7FK6HZ4U[%"`RF
M2.&2+<Y)(WIMSD5''I-Q'?PR_:"88V.U`^-@W,0!P<@@@$9'2@"Q>V:RM8@R
MJDL3-Y;8YR8V'R^_.?PJ&PTN:WGCEFD7:@;$:NS`$JHW<]SACSZ_4EE_I5Q<
MWOG(8F&<@R,V0NS:4`P1C))SZGH:9I=O<6MZ(KFXW*D(106SNDQ\Q'J`H3L.
M2:`'SZ=+>7\]PER&B;Y`-_"$8!7&.1D$]1@]JBM=-G`/[\7&RXRX:4@.0#R<
M+PPR#CD9'7CAMQH5W)-*\<RQJTSR,%D(,H;H&RIVE>HP#^%2G19HU"PR*,R2
M2$EV&UF8$/QU88/7@Y^N0!(M#D@MQ'&Z`(FQ4#,JD>:68'TW#`/]12+IDP)0
M7B_:&C9!AV.%"L,?0%TYZ\"GZ=IDD%\L@N?,6)`C`2=&VC<",9().[KU/2DD
MT;;>23K)'&6E:5#D@[F\OG_QPC\:`-"PMI+;SO-VLSR%O,#$E\DD9!'&!@<<
M<=NE7*SM*L9K$3":8R%VSN+YSUYQ@8)[]>G6M&@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`,"
M30KGRV\J[\N1EY<%CR2^[KZY3_OGZ57ET228RVTMR"IMF!C:7(0'>,?<&5)Q
MZ8V]ZLQZ!)B0R31[B[.FU,!6*;0P'8YY_KWJ:RTP)+=2&2&1+B+:'5<EP2QR
MQZ'[V/PH`K2V<AADOUO"JNNZ-EW956W\`'']Y/3H/:IM.@EN=&N1'^X$\CF(
M;F^5>!CG!'(/YTU=":+`$L2HB*,K&<X"JNWK]WY<X]3^:?V%,K,R7**_S/'+
ML.X-_"IYY4$`X_R0"&30YS%B5[>&W_?&0!SA5??\O(Y'S+Z=._&+FEV<D%[<
M2B574?NRH?A.%^7&WL.AST/04D&C1MIEY;>>L\=PACC+#<%7!X/K\Q8_B!VI
MMUHV^25Q<)$T[Y*@8WGY"%/J,(P^C?7(!/>Z;)<7IF6=DSY.$'W3L<L=WYU3
MATF]AV^;?)$K2$L$8XY5=N.!SO!./?&35M]*^T6EG"TF8X0-ZMEMXRIP<_3'
M-5#HXCNX!+)"S%XS'N0LS%"&Z_P@`$>G([]0"Q%97-GH4\.YWN,%DV/N^;`Q
MC@8Y&<>YYJO'IEV6*F[7S=OSL)&+9*CY2.@7<"0??ZY?)H,OD0P17*QHL:JY
M"G)*A^1@]R_/T_)S:&7$I0PV[2J-WDI@9",F.W'S#]?K0!;L;.:&>2XN'5G=
M<85B0OSNQ`S[,HZ?P_2LR'2KLQ`S3BW=F;`\PDL^),-_O?,IQS]WV%3_`-@L
M48[H@Y&%5`55`6)*J0<@$'''O]*L'2F>QLX7>+S+>3>&6,`+PP^7T(#=?44`
M4GTBZ3,A?;$H)\F%W8].-I/<'YA[L?058\F9]*CMYID-T@6:Y5W*JV22P+#H
MN0?P'I3H=(DCTZXMC)&IE*D*BD)P`.1G/S8YY[_B:[>'GD+!W@V/'L;$?*#+
MG8O^S\^,>@_(`=_9-U)<32/<(D<CJRB-B<$;\'I_M+U)SM[=*LV>G306-Y%F
M.-YR2NQB<'RU7.2`<Y&:@&BS&]6;SHXU1%7:BXSC9Q^&T_GVQR\Z9+9Z+/;V
M[;I<*80@P%<*H!Y/3<NX_4T`3Z?82V<LCO-N$@)(R3EMS'//^R0/PJA+H=V+
M/R+>=%R0V2Q&U\L=PX//*_EU%3'1)$G5XIU'EE65BIW':%^0G/W<KGZG\[%C
MIKVR2-)(K321*A=01C&?TR:`*5WH=S*)PDJ,LOF%HW=@"S%\,>OW00/P[<5=
MU#3Y[N*".*Z:':"LA4D;EQGC'?<%_#-4E\.M'D+*A78@52#M.T*-A'=3M)_X
M$??,AT-I)V:1XMC$,5"DEAN4[#ZJ-N!]?KD`A_LFX<S+]M"WSQ+YLBY[J_Z;
MNGH%JS:Z3/!<0S&;!3`V[RV%RY('`&/F7L/N^U0PZ%-%>QS[[?*,F6V$LP7.
M6/8L<]>W7/:IKS1WN]3\]Y(_)P`4V<LH*G:?4?*>OKT]0"*\M;B;5)!YA$#%
M!'%(Q597QEQD=MJCMUSZFIK*SNHIXMUTDL<8/F'>Q;=L5=N/3C.2<\_B4@T>
M2&]MYFDBD$))WLIWXV%=H]%YS39]#:2>5XWA022M(?DY4L$^<8_C&S@^_P"8
M`D^E7DE[<3"2,QR;?W6]E$@!Z-@9''&<GZ8XILNCW<DX<3``2EB1*06!/'53
M@J.!CJ#VJU>Z6UW<3.3&R2Q"/YUR4P>0/8]Q_.J,WAZ=HYHX[A?GD+!VR2.6
M(/L1G&1R0!R*`)M.TZXAO%G+PM""Z\2M(>IXY`YSU/?H02,TLNB,TTTD;HC-
M-).A!((=D"@GZ$40Z&8;^.='41H[L$3*A<NS9`'KNP?7`^E+)HKS7\\TLD1A
MD9"4V?>"N&Y'?ICOU_"@"73]-EMK>YBN)WD\XXW[^3U^;H-IY]^G6LZ/2;VZ
MM_,.H^=NVN0&(5FSAQR#A<*N..N>.:OW&DRSV]@C7#,UL`&RQ&_@#=D<AAC@
M^Y^M5AX>D5I#YZONY`;.#R#L([KQ^&30!/I^G2V^H22^<C*#AB)"S,=B##<=
ML9S[]!44^CSS2.SM%Y/V@3A"[,6PP/)Q[<#!Q[\4YM`#&5@84+LSA53@,PCS
MGIG[A'KAJ%T)P=_G(K[2HVIP@/F95>?N_../]GZ8`+6DV,UDDWG3-*7;.XMG
M=UYQ@8)[]?K6C5+3;)K&.1',;DMGS`,,_NWOVJ[0`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`&
M$V@R&)4-PLARPRZ$[5.`I7G[P50,^Y]P5&@XBAC$B*(8!'&%3A6`8!@.Q^8&
MN5;1/$BQW<+"\>VL94@@5;G$EW;-/YDFT[AAA'LC&2#\K#/-26OAS4;B[TN6
MXMKQ;5=2G98I+EMT-IY3F-7PW/[S!`R2,J.V``=-::;.)=0#+Y8EB,2R$?,Y
MRYW'!YX8>_%++H;M('CDBW&0R,70D$YX)'\1`R,'U[5R=EI6NK\++RR-O=+J
M[(@9?F61F!3<=QD.[@'D%<^@IUAX>UMX](\Q[VWBENIXKY#*>;7>TL>!N)3E
M53`+$*Y!/H`=9%HGV:/]RT:N@01X7`PLC/@X]=PSCTID.A-');-*T$SPM&XD
M9#NRJ[2`>PZD>_YUR^OZ/XFN?$6KO8_:19W\45H66?:(D\LLTB#/#;E*<8.7
M![9J!;+Q?YMA<FTG\JVL8K&2/[5\[[H?WDFWH2)"GS$YQ&V.N2`=;%X?8%5E
MF21!MW$H<R`%"5;)Y`VD#Z_7-F31S)!;HTP\R".5%DV_,N\8R.>,5B^!(M6L
MK2YLM7M[Q9MZ2++,P=2/)B4@-N/.X-Q]377T`8D>@?,[2F'#[!Y:(=BJ'#%0
M">C;>?<U<T_3VL"V'5E90&`&.06Y^N"H_P"`U?HH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@#FH[;58Q`I$[)!*\PQ(,ON#X4Y/(4YZ\<KZ4N-;F6*1U<F.5=H(525S("
MWUV[<`X&>HIRC5[2"**)97RP;)53C+G*GCIMP0?UZ"IXY-:^U0>8%2$N5;"!
MLX(&3CH&`+#TS^!`+,]S<NMNUNEQM\[;(IC`9@."<G@#OTYQCC-9EE=:I._V
M=I6690OF^6B%8_W@'!]=F<@YJ=9]5GNI%@:38L[JQ9%"@#.T*<=#T)Y/IBD1
M]9*X$;LK@@M(B!E(4$\#C!.5'^20"6ZGU?R[,PPL)6CS*`JE=V.1[8^OYU'.
MNIL88'\UT66/#JJ_/AU)+^@`STQT[U7)UH7/G*LBDHJ2$Q@A3EL!`.H^[GOS
MU'.+,(U/SKV8HYG\@*@8`(&#-PGKP1U_/T`([UM4%\\D23Y19%78BE%!*;2,
M@DD@'/7'M3D.LI,F6?:\NY]Z!@N5C^4`?P_ZSOP1U];%NVJ-'=NYD($1^S!T
M4%C\V"P'?[O'`_I7VZPU[&LDTOE1RJ3M0?.N,`DXQU/('Z8Y`%FNM3DGN5@+
M-%#*8]T*JS$E2PZ^A*J?\D2PR:M),D<JF/:Z^8R*NTC<Y.">V-@Z=_6HUDUB
M:)B`\3`$?ZM>6VQC//;)D/X>G66[747@@"&1664^8\87<45QCVY4<X'?M0!$
MEQJ<]Q,L32>6MP4)**`JAP!M..>-V<Y]JB6?6O,3S#+'%M'FN\:#8V.<>JAL
M=?X<]\&K-X-2BN[EH'N&C<IM"*K;?D8<`^K8SG].HAOK;5#>B[AC4R+`JX!X
MWX?(Z_=R1GCT]*`)X[J_N-.M+K8Z><Q=UC569%(.T#/!'3)Z\_B*\4VM.&:3
MSEC4_P!Q=Q!*9[<D?/CCG'?C,0O=3,HMR[/,0^V/RU`*>62I8=0V[`[`\<<U
M;Q>3V*?:HYY56X/FKM"F2/:<848XW$<').#UH`9"=2M[/3(XTFW%AYVX*>"X
MSN]#M)/!'3\*AN%UF2V6&7SF#*A)14R7)4LIQT4?-SU]S4\C:F&>.U26./;B
M(%5(1=HP<GG=G/!XQ^L)N=6D:0Q&=HA)*I81)D$,P0+G@J<#)/Z<X`+5XVJK
M>$P-B`R@#Y`V!M7!P.2"2P/T'3K5?=K,%JL,8FED*L!(ZJ2"/,SD\#_GGC_]
M=%V=:9!'&95>5G!*!-J#H,'&1CJ"?_U*\FL)O$22$X'E91<,=HW;SV/ICJ:`
M+2?VDOVD.6D!27R]RKP0<(.,=1SS^E1%=4BT@*ADDNQ+)\T@4D#YBN.@Q]W%
M6(Y;Y()H&5I+@(S12.H`;@8W8P,Y)X]!5*3^T6_TB(70*#R@6C7S#D%L[?NX
MW;1GV]R:`);R'49K1$#REEDE1L;1YB['"EOQV],<T0'5X[Z&%VS;+A=[("7&
M.=V.GL>.G>H;Z+4CJ(FAC/FBU&&494/B3(!)QU*\$<\<\4^>35X_/""=B-P#
M!$X^;Y"..<CKQP3QB@!JW6IR-(R&<PB:1798DW*`[!=@(Y&`,YS387U@RF6?
M[3E(I!M14"%SMQ@8)XP><D'\<4L`U:74()9A+&P4+-A5V*-V<+ZY`&>N.<8J
MNDNI0E+B\,D)6/9*0J!4RW&S/4X`SG/>@`^WZSE(0S&Z);]V$7&S!^8]PWIV
MZ<<U<GN=2CM[0,[9D?:6BB^<_*YY##`'"_\`UNR:5=:DQ26^1BLB(%"0X/.W
M!SV_BR.V.W=)+.=AJD<<<N959EDY1]V<A0<\CWXQTH`CCGUMG+20NJAEWX52
MR#G=MXYQQCKU[U+&-4@TW3TA#*>?.+IN8'/&0.W7./;D58U&.^&H07%F&8)&
MR%=V%.X@9(/IU^@/K5&VCUF!8;42.(U5%WLH=B-PW,2<_-U/.>.U`%B)M<4Q
M(0'W("SN%&QMNX@X[9^7\:JI_;.X3N)=QCVLR1KN!&X@8/!&X]<=,>YJ;SM;
M\R/:#GG<'C&W?_=X_@QT.?KZ5`IUE)96C,RQR-G?)`&;<$4'Y1CC@XZ<CG/&
M0!RW6M2P.T>[AV60^6#M(9@/+P/F'`SG)^E7+N764G46\:R)M5F(``R?E*\G
ML3O^@Q45S;ZA>6UJH\]#.IAN&W@,BYR'XQS\I'`S\W:JTESJ]M$EQ(CQEMTL
MX?:44`'C/;[J]_X^G6@#4TAM0:.0:@09`0.$P,]\'N.F/Y^FE52PGEFA`G1U
ME"JSY7`RPS@>N.E6Z`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHH-`'+B#4%L?(6.5=\I+[(\%FWC
M&XDG(VYY&.GX4]+[59[@K`Y:-2OF-Y:L$<YR%QU7]>G-9F@^/+C5AI3RZ8L*
M:C?2VJ8>3Y`D<K[LL@#9\K'RD@9Z\8IMEXZN[Y3'#I<0N;C4I+"T1GD5&,;2
M[W=R@&-L1.$W')`XH`VS+KN_!CVQAAN=%4MM4[3@'J6SN'H!CVH,VM#9\DG;
M/R)CR^[?]=.GR]/K6!JGC?6M(GU&.XTBP;[$EHS&.[D;/VB4QK@"+/!4DXYZ
M8R:CB^)%S/I9OX]'B,%K9)?7A^U=(FD=%,0V_,<1LV&VD<`X.<`'40I<2:'=
MVACN/M!CE(9L(QWL^W!'1L8/'3(J.*PO9+H_:&EVF?RY&#\21*@*MUXRPY^K
M5R,WQ8,)>,:/^^6>YC5&G*[XXY-BR*=O()W`_P!TKCTKJ=,\1W6HZ=>:LME"
MNFHLQMV\XF63RV9<LNW"@[21R2!C(]`#3N;:62^=E:41O:M&=KD`-D8QSP>O
M-06]@[7-M+*C(T=H%=]QW,Y&,?@`?SKCG^)E]';6"R:-"+V]CM9XE2=Y$$4Z
MR$$[8R^X&,@J%.<Y'>MAO&DV\Q)IRF4ZS_9*YF(!/D>:'^[QS\N/Q]J`-BUL
MI!)ISRQ.'M[8>8Y;+%L;0IYYZL?KBM@<C->=M\2YKA-.:QTM)%NS#'(SR.WE
M3/"\S1[41F)4(`<#JW.,4A^)=RNJZK;_`-D(]OIKS-.Z3-O6"*41O)M*`-P6
M8!2?ND'!(R`>BT5R\OBF\_LO1Y8M-07NL7!CM8)IBBHFUY`TC!3@[$SM`/)Q
M[U2\/>.I]?\`$"Z:NG)`J6_F3LTCN5<22QLJD)M(#1'EBN0>!P:`.TP,YP,^
MM+7$Z3XZN=1O[6&33HXX;G4Y]/5A(^5\I9B6.4`;/E#A2<;N3D8K*;XFZE]A
M:^71K3R%TRXU'!NVW;8I/+*_<QDG!^E`'I=%>=>)_B;+X>U6ZLDTN.;[/@EW
MG90P\GS<?*AQ_=R>!U)`K9T;Q=<ZI_;CR:>(8]-DFC4;G)D,9(.6V!.W16;%
M`'645Y0OQ?O&M[.0Z#'BYB$J.+B01R9$7R(QCQN!E"DG"`C[W/'1?\)M?27`
M6'2H3!<SWEI9.]UM9YK<.3Y@VX16,;@')Q@9'/`!VM%<!'\1YIM'M=9@T1Y-
M/O9VM;4+,#*9L`1JR@84,^Y<YX`4G[W%W6O'1T'Q"FEWEB"AT_[2TZ2\><2P
M6(`CG<48`^N!B@#LJ*\]@^)JRP:`)+&*&YU13YT;W'_'L2YBC'3+!I!@X'`R
M><5)8>.]5N[_`$JVGTFUC^WSW46Z.:678+>98G)"Q=R203@`#DB@#OJ0@,,$
M`CWKSG1?BC+JEW#%+I4<2274<!D%P?W8?S^2&09($&<C*D-][(Q5[0?B-%KL
MM@D5FJFZOVM2!-N*1_9VGCDX'\2J,CL<C/%`'<T5S^@^(WU?4]4L;FV6SGLY
M2%@=F\UH]S*LA!4`JVW(*EASC.1704`%%%%`!1110`4$`C!HHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`X*.S\.I;0PG2'6-9&GC1/-7;-N*?NR2`,AFS@XY]ZM6EA
MH%PL]I)H^(9[H2L3N`20R/L8`MN1R=Q)4#D\U>-]%B2&ZTU&6%&1UB0=4PSL
M,D?*,H1WR?:KMC'ID^HF:"WQ,L?#%1@!7=<CWSN/XB@"@T6A^8L']G-(7\F)
MG;H!!*WE;F)_A<$C/))'TJO<Z=X:^W!9M#1OLTKL)"B[1EUD8XSRH>16P1]X
MD@<9J_-<:6'%Y)IN1).%$I526PVW=C.<9/IWS5VSFL=1CEE-GY9QN<2HI)5@
M"#QD<@#\A0!SDL/AN[NXX)]'A*Q)<MAERR[G224@@\@[@QQGGI5R$Z'96]UJ
MD6FR1"[++<*`5#AAN9MN<'.<D@9R3GO5F*XTR-(2NEM&LFV0G8GRH64*YYSR
M0..2-O3BHGU#1Q8+YVFLEN"9"KHN$!7()YQR.`HY.,8H`S[C1O#MJ%TZ+14^
MRQ/O:1<A@\:`(%;<&X#D#L`3BHK./2H[T:E=Z*5NY'BN$,>7+2F,DO@,1D*`
M,XR??.!MF_L)I_/.F.T[)AG>,#&3@#D]RHY&1P,GBI99+=]+L+AM,1OM+P`Q
MY4>5NP,Y[[0<<4`8US!X9"/`VBR*D=S+>GR5*D2DNK294Y!;:XYQQUP#5B:+
M0`D[R:.3Q.MQ\H^4SOMD4_-SO91G&1P#Q6K:/IVIR<V(4A-Z;T7#HY;D8[$Y
MX/UQ5-]4TF4J\FG29,7F']R"0'R0#CCYL9YXR1GF@"+49-.O+2TM+O2FEL!%
MYJHR;7A9&55(Y!!&<`CG\*?9W&A:3`D^G:?Y8D5;9%MXNJ1!F``'9=S\=<YZ
MT^>]T])!&^GRK-9ID'R@YB)`;;G.,]#UQG'>FI>::EC;VT=K)<Q;B4&U<LW5
MFSD`'+-GWS0!4D71I;$Z?/I>^&*YEN`L(V^6WF-EP=P(8E^W]X]JE1=!B9+<
M:.@2.U:R9!$NV*`LH=",\KNP,`'/O6G:7&GW=V8HK,;9$9A,8U"O@KN'KU(Z
MCM56_P!0M;>6ZCALXO/3!9F0%7!89Z=]V.#0!E0V/AU99;6+0E\N.*X:620A
M^#&J$'YB6#(0O7``Q5FS&B::E[]CTJ=//C>2>(-D/&"0SX+8YP?]HU>N#:V+
MVA6PB\J9)9)V5!P!'DCD]^G?I4&H-I]W<&VEM'6VCC+.Z!!N(9?DQUQ^\SD8
M[T`)J%MH:;-/N-)$L-O:_88P0NP1R`?NADYP1&OY"J$\'A5FGO)=%XO(@DLN
MS[YF&"G#9!;:`QQSQDFM*\N]*6^GEEL99I9,1EM@;)5I!@<Y!_=N?R[FIKF+
M2[`I/_9[2":+;L"*`D:J2>#C'!/'7F@"N$T9HKJX_LAP$DAO74IMS,N`A"DC
MYAM7G@=.33;VXT6XN'O+W2R]Q&8P6=5+`12,RD<\[9`Q_7I5M=2L$A,<=A(8
MR=K?*N-JOL#')Z%@<=^,G%-AN](U2XCA-B"[LVS>B\\MO/!Z!@P/N>X(-`&2
MMCX?4RV_]B02QRI'$B+&-S`/D#+-P`SD\>I/6IBF@R-:W,6DRM]F:6>WEC.S
M#-(K2_Q`@;R"V[C@GM6I<75K;ZI!:IIFYS*J^8550H(+;AGD@$#H.M9:SZ7]
MJEN)+&0P+#(),A-L83RB``OWL[DYYZ4`1W&E>'C*]L_AY)$A14A\L@[T*NY_
MB'`WOW_C..M/O=.\+S7<).D*UQMB,/D+Y;%<$(001@?.RY]R*O2WVG3[8GTB
M1RRJ"K1J,$;PHY([*_/3'UIAU'3;R>:X%I/=>8JP(#$`I4$DX)QCE<G)SP,4
M`%E)HFEF[OK:P>.>3/G-C<Y(5W*9+=`5?@'&3[YJ]<ZV+*\>.X@D6(11N&7!
M(=M_RGGK\O&./>JL%SI\\T8;2E""0VT,A5=NPHI!YZ9#X"]3SQ6CJ;VT"HTM
ME]I>5M@4*I)PK'G<1P!N_/WH`@.O('\L6=P9`=K+\GRL6VA3\W<]QQBB'Q'9
MW"3R1I.8XD+[_+.&(QE0?7+`<]?PJNFHZ;#"##I[>4I+!E11\B$$OUSC<V?7
M.3BEM[[2VF\M+'8TY-MMV+ARI"NN`?X>_LO&1B@"PVM;HKD1VTBS00O(XDQA
M2N<*<'G.,\=J6+78F5EE@F29`F^/`)!?IT)S_P#7I'ELK-IK>*Q#)'$!(5"A
M<,20IR1G))_/U-9DE]IBV0>UTK>8X3-"#&N`2I)')[`<_AB@#07Q#"4#F";_
M`&@-O[L!=Q)^;L!T'/;%(OB6W>,21VMTZ$D*PCP&';&>I/0#K[4^P%A)!.JV
M,<2P@APR*-P(Y.,YP1GDXR*HB[T:XV"333M:1M^44A#E5R>><EEZ9]:`-^UN
M%N[6.=1@.,XW`X_$$BIJRM&NTG,\4-J+>",(8UP`6#+G/!/^/K6K0`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`'/3:EIDZOYVGF39,6?*(P&$W%^O(V^F2>E31ZGIUO=W,BV;Q
M2LSAW"+F0)YF3P>F4?KZY[U234=.MY'7^S,02JK1!(@S2AE?)P">-JCCKVQ4
MAU#3)3-!>6<9)9A@1<,`[9]R<98_4T`.:;3KC4!"EA%N^T*SEU!!W!CN&#C.
M4Y]QZU,=;L;*9XDLYEV;@QCC!^5/ESQVSD?KP*AAU32HF6X&GO$)/WCRM&%"
M`$88DGIF3MG&3GO5V^CLI-,%S)9LV\85%4!P92!CDXSEAGZ4`4H[O2UDB4Z8
M4>%@[`HO[C<5PW!QR2IPN<8]J8E]93G?+HQ6*,Q"-F"8VLI()YPH``')[BF0
MWVF0W<5L=/'[D@Q!8MS1G(5B<>C`=/0'MFG/JFD.C^=IQ$40PQ**5^1<J!@X
M;Y6X`SP?2@":ZOK&P>>VM[,%[=5)8Q$HIR&`)^AR.V>.O%)_;5H^G%;;3II5
MAC,T<>T(-J`,K`L0,?=Z<C\*FNKB*:"WO8[#,LTZ6[^:@!4%\$D'&0.QY]JH
M3W]CM3R=/C5=K7"&5!RIXW#!X!]/IQ0!=BU.TLFF\K39(Y,>9-Y:ISA0['KS
MC>/Q/&:C?4=+W9>RP(U:),QJ0Z#>,``],JP`/KT&:;-J6DB%5N--<`!9(T:-
M6W#`"D<]=O8\X4YZ5:DN+.2.TEAL(YTNIVAW$+]T[\MSU!^;Z[O>@"I/=V=O
M(8DTX1W"1J`)`K`+O0$'!/(WCKZU/9WMA):&06:B2UA\V14C`V$Y)`^O)]P?
M>J5I?Z7';V\DNF%;J:-=R)%O.,*VX8)X^Z<=>!Z5>EGL]&N9HQ!)(9\.X5%X
M4*P]N`L9XZ_7-`%6*\TVUO6OXTE;)6%2JH`J$@9&.2IVKZ\8JW)<:5'JES"]
MGF0#,THA++G`;!Q[8/U]ZJ7%[IR.$.D;H8!(2=J`JL:97"YS@X&,XZ`U>?4+
M,7*SBTD:\;=&H`7<2&VD9SCUY],T`,.LV;RX:SDV1%E61@F`,E..>`2I'\\"
MH;.YL)IK6"VL4C69I$D1H\$9W[AU[F,4OVZUE5XYM+P[RO$D6U"9-LF,YS@9
M))Y]_P`6Q:IIL"*]OIT@"<HP1?O$;FYSQ@.22>.6YH`<ESI;!;1--.R1PD0"
M*`P#-\P.>`#N/.#\W?-1ZA=PRZ@B7%@SP6DSJ#E2-ODJQ;&>@W8QUJ]/+I]A
M/!(+1-]W*IWHJG#$X#'GU?J/4^O-*+5K::W66YTYC<RP":5`JG,97!?KTQQC
MK[4`2M=Z?>6UW/'8JYLP[QM)%A6.3G!_WE.>_0^E5EU"PL[N.[CLI8T"NA.$
M`CC"LQ<`<G=Y(&.ORC@=YX]8TKSVABM)&:X/[T+%GN`V0/0L,_7/K4UU/;6]
M_P#9CIHDPB-&R!?F9F<;0"1C`W')XY/X@$/V^PFE-R=+E:X(4DF-0V=X10"2
M.I[CC`Z\57?4M+MX)%L]+,I5,E5C`&6`!4D\?=QUXX`]*OK=:;;V=K*EKA)\
M",;!G<#D+]=W3Z53FU+35=&;3#Y3QMND*J!Y.QVW``Y(.P\=>:`+^HPI8V2/
M:0VRLLB*3+&6X+;<\$'C>3^)]:BM;BQ-O/<IISB2.-)?+6(%G4@[2H!/49'K
MZU;BO[>XL5F>"54,RILD3D.7`!YZ\D'(K/%_ID5O/$EB8X'`9P(U`D!.#@9Y
MQTST'2@!ANM*NF\IM/WIO5&9`N(RRA5.0W/`QD9Q@>U6/.T_5;""6:UD6.*6
M,+$X'!=0JYP2,8D'>J9.FO<VCBREC,3J&B18U$;,P52V.O4?=)]ZMWMVEM+/
M9Q:<K1_Z.#C;B0.Q3`&1@@*.O]*`%6ZTV[NH8FL,KN#)(\:[0[9/KG/RYZ8Z
M53M;BT2:":2R>-HI9`$C5-L0W^2KGG).!CCMGBK&CR:3<Z@TEE:LK+&%60Q8
M10H`VCT(W?CSCO4-QJ=HB32MI:RS6C2M%@*`7!=L`D\$A"V<8R/6@"Q=7^G3
M):7%Q8R-)=(0B^7N?8"#D[<],@XZ\U3AU#3+BU-K)IH?:1'LCA^0N#M"9)QT
M8=3CDU=_M'3[B1+46,CB&<0Q8CPJL"5.#T&-ISZCH"*K'4=)9%8Z;(7N%`\H
M0@LR8#`X!([CWH`ECU*TMY+J-M*>-GE=&"[#Y@`3KSW,H`'UZ"DBOM-A)A33
MFCV`ELHI"N"QVGGDYB)STX'-3+/:#0H]0FTY5\^(%X<JQP5&1G//"CZX%1I?
MZ9_JH[`[<*L7[M?WF0.!SQ_KN^/O'WH`O:0;62&26TM/(CD;._`'F]L\'/;'
M-:-9VC&.6P6Y6W2!Y_GD1!CG)'/O6C0`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`'(RZGICPW"
MVFG*;@D2;711DC.[)S_"25/NWH35Q]4LH;AV&ELSP(\CLL8.QOG!YQCG8PSD
M=?>HFUR`B&9-/(BD=D7=#S)N((P<=VZX!Y]34_V^.YN;9DTE3NE$$CS*JM'N
M4NPP1GO[9R:`%GCLGT1R++9^\$#PIMY)D"E,GC:3CIVJ&6^M;BQEM6L',8G(
M9/,4;G4^:_)/0$?CGL.0L^L6ESI[?:-/<V[`2,F5Y;;YJ@C/.0N2>G/UQ-]N
MM97ALO[.1G8X\DJNU2A*GGIP%XX]/?`!#!?6$\D6-,"PAALD.,XW%%..O)4\
M>F,U4BO]/20M_8T:1K;"7/#$E]JJ,#U#8)[8QR*L3:TKM(L%HIV=0%R9`7CV
ME3QU#L0>F><U9AN-+@T-+BVLT^R#,:`(IWKT)^AV]^N*`$M]0226RMH[$Q6_
MFE7$O!1PC.,`\^AS4EZ;+3[A8H]/CDEFRV%55R>YR?QJ"[:WDT2:XBTR`7$`
M$(C95^494X!'&,-G'2K$VK(UW!'':"1O.,;L^`54&121Z\QGCWH`I?;[&&97
MCL(EL\/+O"`L7!1,@=N)"/I^LMSJT5M9V\2Z<HQ$9((@P(0JK,G3(`(0_EQF
MA]6L(_\`2$TX%R@W.$7(&V(J..3S(@]L9["IC<:?;6]G</I@B>5C%&IA5660
MG&WG&-W/UH`+*6TO[AK9M-V>2%^;9\H90!M!QV!P/49JK%JPGF66_L(5#0`E
MBRG:29A@D]BJGZ9-20ZU9QXN(M-,8=EC$@CVLT>0H(XY`XSV&1S5JSN[>ZNA
M`U@D2R*S(7V_O,,P.`.O4D^F[WH`KZ9):W]Y(G]EQQH4+NS#YB^]XV!!`XP#
M^?2HI-0TR>:<G3=[GBY8A01M8;AUY()4X'\\59N+@:5=&-+6!((XVF#1Q@$1
M\;D'(^8N0<],'GIS'9W%@91;26>9UN?F,FU\2MO)(/\`P#M[#L:`+,3Z;=QS
MAK5`HC$LF\#H68<GMS'G\JHK?V%U%'"VE+M$JI(N`H3++&I'`R/N^G`^F;-W
MJ=OIQO98[!=J-B9E"AI&"[SP.3A3G\^W-,@AT^[OXXA9^0EM(SPA=H5BK`$X
M'0[MOUH`K2:U9RFW=])D8QB/RODW"-FPR#(!`'W3WP<8'%6)4L8;6P(TF-;>
M=V>1)$P8L1LWW<=?EQCWJ/6KV"V$Z0Z=#+*@6W5W5,`L`=N#SC;SZ9_'&E=7
MEO9.D/V4,EO$9SM"@1JH(RH]>W'3V[@%6.XL9;&YO&T]5>US<%!M))*[\@CC
M)&,^_J,$QOJ-O?3-%+IC22%_LZEQA6(8EAN(QP5)&,]!4L&I6D2FT^PB'+A7
MB4(5RS(O;@_ZQ:JR:K9LADETA=UR(W5656:;)XZ`Y`R/7!..XR`+_;MC]GMY
M)K%H[2-P8F>,!44#AAG&,=.,XS5C3WLKJ\FA32S#M.]F,>!OQ@@G&,_.>_.3
M^-B5K.'3OM*V*9G*YB,:J2[X`#9Z'D9S5-=36"]O7>QC%QNVQNN`T@`C^4D9
M)(+C'7/I0`ZUU"TECBL8K`B*=AM4E=NPASN//'W#QUZ>^(YI],M+Z2T33(V8
M(J1E0,$Y0;>>%Y=?\XRMKK-FQ$D&GA#*5,9PJF1R$R3CI_K`,_7\7V=_9:G>
M[/[,RTT0$LK1!NV=K'&"./6@"K?W%L]U%(UC,3%/A4B"G=(H#-T!;C:,=,X]
M.:NIJ4$]^BRV(21I/*+R,N5P<H#[G.0/R/:J[ZEICK(1I<;F/(E!1!M\L98<
M]2H(P/?ZU-%=Z?\`;H(H-.C$K2-APBJ4^9PS>O/ED^IXH`3[?:V5[,D&G!7#
M"!60A=Y&SC'889>?;Z5$^JV384Z:"+AAL^Z=^_<H)],_/G/3//4XDGN[2QO;
MV0:?ND,@#2?*6DDV*P7GH,`<GN*KMJ%N]PGEZ4J0M-()I&B'S@*Y;''))CP>
MO&/6@"Y;W>GO97>I0V?^HRS9`W%T7D?4$E?KFJL^IV44),NEJIAR54$$GR^&
MVX'8#\O09IMMK$-O8B!-.G*/\Q$@SYC2,3GID[N3G&.U3RZG9W&^.;2]^2!&
MLJ+\SG9D$'[O,B]?0_B`11ZE;3V\%I/I9*,TA\N-2RHJR%`>!^?IFD&IV4JQ
M1'3D7S=JD8!\O>BE<X[<*,\?=XSBKUK<VM[?2PMIVTVY9O-:,;0_&[G&`>1W
MYQ5.+5[":>-FTQ-T;8,NU3L'R!2.,G(=>G8=^,@%SP_-!+`WEVR6\@2/<BD#
MY=O!"]EZX_QR!L5CZ)<)/+=^7:16T?[MU$8`+!EW9..];%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`<X]_;CRI1ID(L[A9))#M4DJ"@WD#K]XY'7^5*-4L4PXTM1(L8E&!&"
M(5&X'/L/X?Z<UN+:6R;MEO$N\DMA!R3C)/Y#\J9_9]EMV_9(-N_S,>6,;O[W
MU]Z`,?\`M2T:[2/^RR9N8MHC#,D7`Y`'`.X'!XQ3KK4(8Y[N*XTV*189"RGY
M3N5461FY[@OP/Q]:UAI]D,8M(.',@_=CAC_%]?>GRV=M,<RV\3G(;+(#R.A_
M"@#(O;JSL))(8;`;G5"&BC`)=R<=`3GY,YQV%11:K;P:9;Q1:9,UOGRHHBNY
MCL!W97!((P>O7VK>EMX)U=988Y%<`,'4$,!TS41TZR8,#9VY#$%@8P<XZ9X[
M4`9+:]:`7$/V1FD5\,FP8.7"*2!GJ>.G\)J6:]MH1#<?V;\\Z&XEW(JNH3')
MSR6&[@?RK4:TMW#JT$1#C:X*###).#Z\DG\34;Z?:22V[M;QDVX(B!483..@
M[?=%`&+'JUD#-#'IB;5WO+M"A2F%)8<?-D$=,YQUJ2VO;6_EL8TL)8X4E+0C
M;L3`4X;!`SCT'0FM3^R;#STF%G"'0EEP@'S'&6^ORCFIH[6WA=GC@B1F8L65
M`"2>]`&)/>6$;2-_94;JLDDF[$8),9^=^>X/3N?:DDUFRMFDN6L`A&Y5=44L
MZJS#MR!N&<>_UK:>PLY'9WM(&9F#,3&"21T)]Z;#IUG`)`EO'F1V=R5!+,22
M2?7[Q_.@"G;ZDEY<B*>R>$M$W^N&"V#A@`1DCI^8XJE;7L,^HZ=%!I\,,8#.
M&VIE$9"R[<=,\Y'^-;D-E:6[AX;6&-@NT,D8!QZ<=J6*TMX/]5!$G);Y4`Y/
M4_6@#`DO(IK\_;-+MVC9Y(W<JKL0LJHAY'?=T[42:[:&V2[FTV18,^8LCI@$
M\,N,@9))!^H/4@5T/V>#<6\F/<3N)VC)/!S^@_(5"--L0VX6=N#R<^4._7MW
MQS0!G7%_;K:PWTNF$S.6C(=`&55#,>6`.,*2/7(J"_UN)(UD?3UEN8]X56P3
M&V/EYQP#P,_SK=6UMTB6)8(EC7.U`@`&<YP/Q/YTUK.U>19'MH6=#E6*`E3[
M4`8BZA:)+%;C2!F.2,*5C&R.1MIX.,#[P.1R<'BH9-3LI/,2/3HG9U3)\I3O
M59$0H>V0&&!GTSBNA%E:K()!;0AP`H81C(`Z#/H*3[!9[F;[+!N9=K-Y8R1Z
M'B@#)DU&RMM%64V2&*1V\ZW7#8P3OR,<D8Y&..^*<UU"-&DGN-.@RLLD0@&&
MW!7*\<<\(#C!Z>U:C6%FT"0-:0&%#E(S&-JGV'04Z2TMI8FBDMXGC9MS(R`@
MGU(]:`.?N=6T_P"S/$]J\-L5`62-4Z;4/3M]Z-<=S[58\V#3;I(EL(UC@MHM
MDO!<;I-NWZ?C6I/IUM<(B/$H575L*`,X((!]LJOY"IWABD;<\2,V,9903C.<
M?F`?PH`YF/4K..T42Z:S^9*'7S=LA:5PK#H#@X=>0..G;G>LTMYHTO%M!#+*
M`S;XPKYQCGOGD_G4K6ELZ%&MXF0C!4H"#P!_(`?A4D<4<2!(T5%```48``H`
M@73[5;B:X\B,S38WN5!)``&/IP.*>EI;1R-(EO$KLVYF"`$G&,D^O)_.IJ*`
M*PT^R$+1"T@$;?>01C!YSR/K3VL[9D*-;Q%"-I4H,$<<?H/R%344`0QVEM#(
M9([>)'*A2RH`2!T&?2DBLK2`8BMH8QG=A(P.<@Y_,#\A4]%`$4-M;VV[R((X
MMYW-L0+D^IQ4M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`4K^:YBDM1`\2B241MO0MQ@GCD>E06M_<3O`6\K;<QNZ*JG,>,<-SS
MUP>G/%:;*K$;E!VG(R.AJ..V@BE>6.&-9'^^RJ`6^IH`RH=5N;J2&*,11LP"
M2.RDA)0"67&>V!QGO[5"^KWHCGF!@*1P;PJQEB6WE,@[N1\N1QWK;>UMY(VC
M>"-D9MS*4!!/K]:&MH'C,;0QLA785*C!7T^E`%:[NY[?2'N(U5[A4!"NI0%N
MV1U%4&U]F:Y,21^6B1B(MGYI&)!!QV'&>_#>E:Z6EO'N"0H`P4$;>"!T'X4Y
M;>%6#+#&""2"%'!))_J?S-`&%-XAF7;)%&IC-KYNTH<[L2$C/3(*8V]3SZ5>
MGOKA=*:ZC"&5I%5$"D[<N%P1D989/ISQ5XVT#9S#&=QR<H.>O^)_.A[6WDCD
MC>"-DD.74H"&/')]>@_*@#+CU:>6)0$C61S$@8Y*J6!R3S[8QZG'O4MM>W5S
M=O;[H5,#8D?83YG)'RC/'3!ZX/%7#8VC,6:UA)*",DH.5'0?2E^Q6I$0^SQ8
MBYC&P?)]/2@#,BU2[N+-IT6--K;778690"WS[<C(.!@#W/M4EQJ<T>HP11B-
MX'C5F?'!+$@<YXZ<<'.>HJ_)96DHQ);0N,8^9`>^?YT]K>%YEF:&,RJ"JN5&
M0#U`-`&/#K,_V&*:5%9GM3.?D*8.5'0D\?-U]J6YU6ZM)7MV\B64J%B905#2
M-]Q2,GT;//3%::Z?9IY>RT@7R\[,1@;<]<>F:=':6T2*D=O$JJV\!4``;U^M
M`&='J[S:=)>*B;1*B+UYR5#?D2P_"F6>LS7%G<N\<:SV]LLCH.0'(8_]\D`$
M>QK7$,0C\L1ILSG;M&,YSG'UYI!!"`P$48#*%;Y1R!T!]N30!D1ZQ<_99&DC
M3S(X))"""#E=O49..OJ>W-3/J4QU5+6/;Y?F,I(C+D@+&>H/'WSS["KHL;1?
M*Q:PCR@1'A!\@/7'I0MA9J(PMK"/*;='A!\I]1Z4`4Y]0GCFF=1'Y,4JPF,@
M[V)QR#G_`&NF.@-00:O=2:#/>%$,\8&!Y97)*J?NDY_B]>>#WK6:V@:<3M#&
M90,!RHR!]:#;0-$\1AC,;C#)M&&&,8(^E`&6NLR+9W,LJ('A"JHYY<DK@CG'
M/89Q[U)9ZC-?M$(VBCQ&KRY4G)W%2%Y&,%3R<]15Y;*U619%MH@ZJ%5@@R`.
M@_"E>TMY'5G@C9D;<I*`D'U^M`&?;:I-/I]S=E8U,2.1%SG(SR?8XX_R!5DU
M^XB,RM`A9#(T:KDET7`XYZYR#]1ZUN"WA!)$,>2NP_*.5]/I2&W@;K#&<9ZJ
M._7\Z`*-UJ4EMI@G!A>:5]D0&=N3V..>`#GZ'I2VVH27-S"V52VGC#0@KDN=
MN2,YX(YXQV^N+P@B4Y6-%.XMD*!R>I^M(EK;QS>:D$:R8V[PH!QZ9H`R;74[
MRZ55#0QL_F/NDB8*%5@,#YN>N=WZ5/::K)=&`F-4$LWEX/4#RM_YYJ]):6\T
M:QR01.BG(5D!`-->PLY)&D>UA9V8,6,8))'`-`&8VL3PQ0W,OD_9Y09&`!!A
M0$`DG/.`>>F",4R/6+Z9&7R8XY(ANGPI<Q@G*_+D9^7D\_3/2MC[';`RG[/%
MF48D^0?./?UHDL[:8,);>)PQ!.Y`<D=*`'Q/YD2N""",@CH1ZT^D``Z`#O2T
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1152;4K2#[5YLP7[+&)9L
M@_*IS@^_0]*`+=%5#J,.7VI,X3@E(68$^@('.*;)JME$`3-G=#YX"J22F0,\
M>Y%`%VBJL>H023)%EU=NS(1@XSM/H<<XZXIDFK64)N!+*4%NI:0E3C`QG'KC
M<.GJ*`+M%4Y=3MH2X?S05`(_=M\^2!\O'/+`<>M+)J-O#M,WF1ADW@NA`Z9Q
M]<#IUH`MT5%;SI<PB6/.TDC!&""#@@CL:EH`****`"BBB@`HHHH`***C>>&,
MX>5%(.,%@.V?Y`G\*`)**K+J%F^S;=P'>I9,2#Y@.I'MP:&U"R2W2X:[@6%S
MA9#(-I/L:`+-%1B>$A2)4(;H=PYYQ_,@?C3/MUIY,DWVF'RHSAWWC"GT)H`G
MHJ$7=L95B$\7F.NY5WC)'J!4?]IV!$1^V6^)>(SY@^?Z>M`%JBH#>VHD\LW,
M6_;OQO&=N,Y^F*<US`L32M-&(T7<S%A@#U)H`EHJ!;RV:1(UN(B[KN50XRP]
M12QW=M+$DL=Q$\;MM5U<$$^@-`$U%0&\M@Z(;B+<Y*J-XRQ!P0/QXI9+NVBC
M\R2XB1,9W,X`ZX_F0*`)J*B>Y@C:-7FC5I3B,%@"_P!/6HSJ%D(RYNX-@;86
M\P8W>GUH`LT5"UY;)(\;7$0=%W.I<94>I]!31?6A:)1=0EI1F,;Q\X]O6@"Q
M14<5Q#.7$4J.4.U@K`[3Z&I*`"BBB@`HHHH`R]5\2:)H4D<>JZM963R@LBW$
MRH6`ZD9JE!X[\)W-Q'!!XDTJ261@B(ETA+,3@`#/4FMN>TMKEE,]O%*5X!=`
MV/SJ-=,L48,MG;AE.01$N0?RH`JZKXDT30Y(X]5U:RLGE!9%N)E0L!U(S5*#
MQWX3N;B."#Q)I4DLC!$1+I"68G``&>I-;<]I;7+*9[>*4KP"Z!L?G4:Z98HP
M9;.W#*<@B)<@_E0!3U7Q1H.ASI!JNL6-E,Z[U2XG5"RYQD`GID&JUKXX\*WM
MW%:VOB+3)IYF"1QQW2,SL>@`SR:V)K.UN6#3V\,K`8!=`QQ^-,33K&-U=+.W
M5E.0PB4$'\J`*.I^*_#^BW0M=3UJPLYR@<1SSJC;3T.">G!_*HK+QKX8U&\B
MM++Q!IMQ<RG;'%%<JS,?0`'FM::RM;A]\UM#(V,;GC#''XBFQZ=912"2.T@1
MUY#+$H(_'%`%#4_%?A_1;H6NIZU86<Y0.(YYU1MIZ'!/3@_E45EXT\,:C>1V
MEEX@TVXN93MCBBN59F/H`#6M-96EP^^:VAD;&-SQ@G'XTV/3K**19([2!'7D
M,L2@C\<4`9VH^+O#FD79M-1US3[2Y4!C%/<*C`'H<$TEAXQ\-:K>QV6GZ]IU
MU=29V0PW"LS8&3@`^@)K3EL+2>3S);6"1\8W/&"?S(HBL+.&0216L"..C+&H
M(_$"@#,U#QCX:TJ]DLM0U[3K6ZCQOAFN%5ER,C()]"#2Z=XN\.:O>+::=KFG
MW=RP+"*"X5V('4X!K2EL+.:0R2VL#N>K-&I)_'%$5C:02"2&U@C<#&Y(P#^8
M%`&9?^,?#6E7LEE?Z]IUK=1XWPS7"JRY&1D$^A!I=.\7>'-7O!::=KFGW=RP
M+"*"X5V('4X!K2EL+.:0R2VL#N>K-&I)_$BB*QM()!)#:P1N!C<D8!_,"@#*
MO?&OAC3KR6TO?$&FV]S$=LD4MRJLI]"">*ETSQ7X?UJZ-KIFM6%Y.$+F."=7
M;:.IP#TY'YU?DTZRED:22T@=V.2S1*2?QQ3H;*UMWWPVT,;8QN2,*<?@*`,>
MZ\<>%;*ZEM;KQ%ID,\+E)(Y+I%9&'4$9X-6=*\4:#KEP\&E:Q8WLR+O9+>=7
M(7.,D`],D5<?3;&1V=[.W9F.2QB4DG\J?#9VMLY:"WAB8C!*(%./PH`Q9O'?
MA.VN)()_$FE1RQ,4=&ND!5@<$$9Z@U=TKQ)HFN221Z5JUE>O$`SK;S*Y4'H3
MCI5IM-L78LUE;EB<DF)22?RJ2"TMK8DP6\4188)1`N?RH`Q)O'?A.VGD@G\2
M:5'-$Q1T>Z0%6!P01G@YJ[I7B31-<DDCTK5K*]>(`NMO,KE0>A..E6FTVQ=B
MS65N6)R28E))_*I(+2VMB3!;Q1%N"40+G\J`,)_'WA"-V1_$VDJZDJ5-VF01
MVZUHZ5XAT;7?._LG5+2^\G'F?9YE?9G.,XZ9P?RJIJESH6D36\=Y9#?=/LB\
MNQ:3>YS\N54\\$X/H:6WUO0(%C:W>*,7!G5=D)7<8,B3.!_#@_TH`K_\+!\'
M#_F9](S_`-?:?XUIZ5KVD:Y'+)I6I6MZD1"R-;RAPI(R,XZ51TV]\.ZQ*8["
MWAG`0,9!:$(,JK!2Q7&[:RG;G(STJ-?%'ANP^VJL@@%L7\[;:NH8HP1]N%^?
M#,H.,XW"@!/^%@^#A_S,^D9_Z^T_QK2TWQ#HVL6\T^FZI9W<4'^M>"97"<9Y
M(Z<5E-K7A40)*(X6W>9E$LF:1/+.V0N@7<H4\$D#!JS%KWA^WG^R6\D7FS/$
MBQP0D^;YB%D(VC#*55CN'`P<GB@"'_A87@[_`*&C2/\`P+3_`!K2L?$.C:G8
M3WUCJEI<VEOGSIHIE9(\#<<D<#`YJCI]_P"&M4EMX;*.VEDGA:=%%M@A%?82
MV5^4[LC!P<@^AJQ9:IHTCW-M:!/*B+B9T@(ARO#@OC:2.XSV/I0!3_X6%X._
MZ&C2/_`M/\:U++7M)U'39=1LM2M;BRAW>9<12AD3:,MEAP,#FL;^W?";:19Z
MI&D,EI>,RP-'9,Q8J&+?*%R,!&)R.QJS;>(_#IN!I]M+&%E=(P5@80N\B!U7
M?C82R,"!GG-`$?\`PL+P=_T-&D?^!:?XUI6WB'1KS2IM4MM4LYK"#=YMRDRF
M--HR<MT&`15'4+_PWI=W]DNH;=;DJC+$EKO9][,JA0JG<25;@<\$U>^U:7;M
M:V.V.+[>KM%$8=H?"AF!&,`XYP>>#Z4`9O\`PL'P=G_D9](_\"T_QK2B\0Z-
M-I#ZM%JEF^G)G==+,IC7!P<MTZUG0:GX7N+G3;>(6C2ZG&TMHOV?'FHHR3TX
MXZ9Z]JL_VOH2:9$P:(6<]Q);(HA.UI$+[EQCL8WYZ<4`5?\`A8/@[_H9](_\
M"T_QK2_X2'1O[%_MG^U+3^S/^?OSE\K[VW[W3KQ]:I:1>^'-;R+&"!F$:3;)
M+7RV,;\JX#*"5/8CBD'B+PZT$UOYL?V>..67FW812+'RYC.W:^WOMS0!'_PL
M'P=_T,^D?^!:?XUIMKVDIHPUA]2M%TTJ&^UF4>5@G`.[IUXK+AU?PI<+"T/V
M1UF6W:,K;<,)R1%_#W*L/;'.*M6^MZ%=M#IT3QLTLLL"VQ@(P\7+@J1\H&1R
M>.1CJ*`*W_"P?!W_`$,^D?\`@6G^-:,OB'1H='35Y-4LTTY\;+IIE$;9.!AN
MG6L[^UO"WVRULR+47%U<RVD*&VP6EC^^OW>WKTJ2#Q%X<O-.)BEB>S0P#!@;
M:/.8"+`V_P`1(Y]\T`1_\+!\'?\`0SZ1_P"!:?XUHW/B'1K/2H=4N=4LX;"?
M;Y5S),HC?<,C#=#D`UE2ZWX5@L+S4)H8X[*TD\N6X>Q81AA)Y9`8KAL-P<9Q
M6A-JNAC3;V6>2#['ITGE3[X_EC8!3@#'/#+C'KQ0!3_X6%X._P"AHTC_`,"T
M_P`:-9?18[0:M?ZQ;VME=;0LTDBK'("N5`)X/(##Z4Z34?#,";KF*"V_T=[H
MBXM#&5C5@I)#*,?,0,=3FI9=>T-K>RCNPT4=U<K:VT=U:.F^0KE0`RC''0].
MU`&`/$WA"(2_9_&&C1;R<GST)8%MS!CN&>X'3`)K5U&?1-.ABU:]UJSMK:ZB
M\N,W#)]GEW*I&`3R,)D#/?-.MM6\,7MQ;V]K;I/)/'YJ^78L0$W%-S';A1N5
MASCI5G3=:T+Q$J06I64")9XHIK=DW1G@.@=1E>V10!AQ>*?!D>T-XNTIH]WF
M%5NU4[MNW((;(`'`'L.:T-9?P_IUHTVHZS!8K>N6BGEG5=WR`8!;[PQ@_D:L
M/?>&5N]2M&2T\_381/=I]G!,:%2V?N\\#MGMZTR;Q-X:N;2*5I8[F(I;R1!;
M9I,B<D1;0%/+%2,#D8YQ0!E_\);X2;S5?Q=H<ZNJH@FD1\`8X/S8()&>@Y/M
M6CJ\NE:/#"=8UJSLHFC:&&2<JC/\O(W$\KSG;CTYJ8W_`(:&AR:QY=L;*(D.
MXMOF5@VTJ5V[@P;C&,YJ2?7=`GTB[U*Z=#:V!87'GP-OA8`9!0C<#@C`QSD8
MZT`9>F^,O!>FV:6L7B?1@BD[4CN45%SV5<G`]LUO:KXAT;0A"=5U2SLO.SY7
MVB94WXQG&>N,C\ZS)-5\,Q7-O`;92US!]HA=;!F1H\`EPP7&`&7//&13Y?$6
M@W=E9W<T,TL5R^RU#V$C-+E-^44IDC:"<@8XH`1/'WA&2143Q+I+.Q"J!=ID
MD]!UJ_JOB71-#DCCU75K.R>4%D6XF5"P'!(R:=8P:/J%G!>V4%G-!*H>.5(E
MP1^57)[2VN2IGMXI2O0N@;'YT`8D/COPG<SQP0>)-*DED8(B+=(2S$X``SUS
M5O5?%&@Z'.D&JZQ8V4SKO5+B=4)7.,@$],@U<73+%&#+9VZL#D$1*"#^5/FL
M[6Y<-/;0RL!@%T#''XT`8]KXX\*WMU%:VOB+3)KB9PD<4=TC,['H`,\FK.J^
M)]"T.=(-5UBQLIG3>J7$ZH67.,@$],@U<33K&-U=+.W5U.0PB4$'\J?-9VMR
MX>>WAE8#`+QAB!^-`&/:^./"M[=16MKXBTR:>9@D<<=TC,['H`,\FJ&N:OHN
ME:K=)J&N:9:3W,`7R;JX",J%6&X`^_Y@>U:6H06]G<P&WBL[<B.27<T"\E=N
M!GC'WNW-59#)J$4]Q)%"DBW"1+YMNCX4L%QD\Y&>^.:`,RR\0:+J=Y!9VWB7
M2[BYGM6MO*COE=G;YL<!1NZ^V/>M#4-=\.:*@TV^U_3[:\#Q32+=7*JYPRG)
M'N%XXI;>ZA\YO*M+:$F5?(G-OMVQDE=W(&>0.1Q\ZU8NY(Q=[);2"Z;;`#<&
M%2/FD*G//H.U`&58:OH&K:E%:V'B;3KRXD>5EMH[E')!E67Y0.?NJ<U-J&O:
M-I<4FE:GK^FZ?.KQO'#)=KOB0,K#EN>QQD<>]:,DMM9ZRD<%E`B(NUI5M\%9
M&4D#<!@<`#'7YQ5-;I=0>$7,=E'<;8A-*\*MR8Y&R,]CM4CTY%`%:PUOP]J-
MV-+TK7M*N6GD$J)'=!Y<J`2`HZ_=/.>`3Q23:SH&A2KIVI>(],@NX'#2)/<J
ML@S!M&1QZC'MCO6@TJV[Z9-#96\+R@LY6%1CYE7.>JK\QYYZBDBC:^FMIYD@
M)FN'1_,MD)95#$8/)_AQS0!GZ=J^C:OC2=.UW2+N5LR@0W(>0D)@C:.WOG[O
M&*;=:UX=TO\`M'2KOQ+I5M-E(UCDN55X0`."#Z=O;%76O$@AAFM+:V28QQES
M#`I8%M^X=1_<Z?6IXYH;C55AN;.R=IIB%D$8;<HB#$9/4@XY[@^U`%6PUG1M
M;O)K'2]=TV^=V%PQCN5>50NT'@=N`,]L]*A?7_#FCVMYI%_XDTN*\4!2);I5
M='"*!D<8((&.^,=ZTK<FPNV*6\4A-TT`$,"(P7RRW7COC\JA@D2^FAGN;:U"
MOY>]O)5F+,B'!SSC+8R,_P!:`(-/U?1-7N)+#1M:TN\>2!0Z17`=XU3JP`SG
MKGM@G/>J5WK_`(>M;F2RN_%&DVLUK)Y>/M:B1<2[SD$?*PP!CGO6PCO;:A<_
M9[:VAB$PMQ,(57R\A3U')ZD<XYV]:A+K-J:Q/;VKAF*--]G7#DL1N).<'C`Z
M@L"*`([#4='\0-:6VDZYI]U-9P?O(;6=7#`-'U`R0OR_F15*/Q5H&F7)CG\2
MZ*;B!Y8FBFOU7;ELG^'*D$8(Y^M:=G,]N;1$%K')<JP>=(%3;AN!QZXQSW/X
M4PW,1N2);*Q=7>.,2B`?,[2LN?HP7CW'?-`$=I?:9XD2YL])UC3;P1F24O;W
M`=QO#`;@!P,MC.>0.E4'\3^&H9)K>3Q3HI#AHY'>\02*?,9LXQC=S[8(S[5T
M+R+97<YMH[:$1O''Y2Q`-,&QSD8]2![@UGVTT5P8HI;2P29UC+L+=<?.'(89
M[':/Q!%`%[PWK.FZJ+I-,U2QO(82O[NTN!-Y0.<9/&`<<#M@\^F]69HR9AEF
M^SP0!F*;(D`Y0E221UR0<>V*TZ`"BBB@`HHHH`**Y/QSXS_X1*TLX[:Q:_U.
M_E\FTM4;&]NY/!.!D=.Y'UK$76/BPRACX;T%"1G:UV<CZX:@#T>BO.?[6^+'
M_0N^'_\`P+;_`!H_M;XK_P#0N^'_`/P+;_&@#T:BO.?[6^+'_0N^'_\`P+;_
M`!H_M;XK_P#0N^'_`/P+;_&@#T:BO.?[6^*__0N^'_\`P+;_`!H_M;XK_P#0
MN^'_`/P+;_&@#T:BO.?[6^*__0N^'_\`P+;_`!H_M;XK_P#0N^'_`/P+;_&@
M#T:BO.?[6^+'_0N^'_\`P+;_`!H_M;XL?]"[X?\`_`MO\:`/1J*\Y_M;XL?]
M"[X?_P#`MO\`&C^UOBQ_T+OA_P#\"V_QH`]&HKSG^U?BQ_T+OA__`,"V_P`:
M/[6^+'_0N^'_`/P+;_&@#T:BO.?[6^+'_0N^'_\`P+;_`!H_M7XL?]"[X?\`
M_`MO\:`/1J*\Y_M;XL?]"[X?_P#`MO\`&C^UOBQ_T+OA_P#\"V_QH`]&HKSG
M^U?BQ_T+OA__`,"V_P`:/[6^+'_0N^'_`/P+;_&@#T:BO.?[6^+'_0N^'_\`
MP+;_`!H_M;XL?]"[X?\`_`MO\:`.QUG2GU2;2G258_L5\MTP*YW`(ZX'H?F_
M2N=@\`M;S6\ZW:^:CW[2$[R&%P6*X4G`V[AG`YQ5#^UOBQ_T+OA__P`"V_QH
M_M;XL?\`0N^'_P#P+;_&@#7T'PE>:/JMI<B[@CBAM$MYEMU<?:RL:(K2`G;E
M=IPP&<''05#<^`4N--UB,SJ;R^N)I$F8N5BCDE60H%S@9VC)&,D#TK._M7XL
M?]"[X?\`_`MO\:/[6^+'_0N^'_\`P+;_`!H`U+/PAJ.CW#W&F7]OYA6:`?:8
MW?$+RM*A)W9+J78$D_,,9P>:BL_`LVGZSI>HV]^I.F0Q65NCID-;!,2!O]MF
M.X$<#:!TS5#^UOBQ_P!"[X?_`/`MO\:/[6^+'_0N^'__``+;_&@#K-'T"+2M
M7UN^3R_^)C<),`JD%0$`(/U;>W'=C60_A75$\/7?AVWU"W339M\:2[&$Z1.^
M67.<$A2X#>XR/7*_M;XL?]"[X?\`_`MO\:/[6^+'3_A'?#__`(%M_C0!:N?A
MV]R9;5]3=K![N2[7(VRHTEN\3`%-H`W,K#``Z@YS4\'@_4VGDBNKZT^QSW-K
M=3B*%@[/!'$H5><*I:('V''O6=_:WQ8_Z%WP_P#^!;?XT?VM\6/^A=\/_P#@
M6W^-`&YX@\*RZOJ=Q>(;619;6*`1SAQM9)'<.K(058;A@CD8]Z-;\*WVJ>%K
M#3UU=AJEF$VZA)'EF;88Y&(!ZLK-WZD=:Q/[5^+'_0N^'_\`P+;_`!I/[5^+
M&?\`D7?#^?\`K[;_`!H`T+SP)/+>-=VVI&W>V:T&GQ!08XHX.BMQN.=TF=I'
M##KBG+X1U%K2&QDN[06]OJ,U[$RHVXB0S$J<G''FCD>GO6;_`&K\6/\`H7?#
M_P#X%M_C1_:WQ8_Z%WP__P"!;?XT`;WASPU>:;-:W&HW4,LMIIR:="D"%5V#
M!9F).2Q*CT`QWS5!_!%[+I4.E/J,/V2PMIX;$B$AR9(GB4R'.#M5STZGGCI5
M#^UOBQ_T+OA__P`"V_QH&J_%@]/#OA__`,"V_P`:`+$?@&\M)[F2TOK?:T]C
M/!%)&VV,P,SNN0>C,[$>F:Z#3?#YMO$E[KD_D?:+RTAA<1J?E==V\@GLWR#U
M^09KE_[5^+'_`$+OA_\`\"V_QH_M;XL?]"[X?_\``MO\:`+FK>`[N]U'5[RS
MU*.WDN&2:R+1%OLTV4,C]>=WEK^M.?X>IYLCQW(&UM/\@$OA%MBN00#AB0O!
M(XS6;#KWQ1N`QAT/PW(%X.R])Q^35)_:WQ7Z_P#".^'_`/P+;_&@#0B\%70T
MS4-.EGMFAN;];O?^\)9?M/G%&4G:/EROR_4U;TKPE+I?A[5]+DEMKY;RXDDC
M6YB)3RRJJJ.`><*H&1]:PVUCXK*,MX?\/``@9-XW7T^][B@:Q\5BQ'_"/^'L
MCJ/MC<?K0!='@*\E@C6?5LO';O'$Q5I#$WVE)XAECED38%Y.2.XITG@>]U"Y
M:;4K]"CW1N##$9&6,^0\>4+L=I+N']!M%9YUGXJJ6W>'_#HVKN;-XW`]>O3B
MG#5OBN1D>'?#Y'_7VW^-`%S1/!.H:1?Z5=/>6URUM:"WF;$B9/FNY<`'!SOZ
M-QQ5[PUX5O=+DTU]0NX)AIEB;*V2",J"&*EG8D\D[%`'0<]<\8C:Q\5D4NWA
M_P`/*H&23>,`/UI?[6^+'_0N^'__``+;_&@"P_@&^99;@:P3>7<=['=[HQY9
M6X!X4`;OE81XR3PI`QFA/`-Y9S7,MI?6Y#3V,\$4D;;8S`S.ZY!Z,SL1Z9[U
M7_M?XKDD?\(]X>XZ_P"EM_C1_:WQ8_Z%WP__`.!;?XT`;5QX2N9O"NJ:>UY$
M;_4;@W4LWED1B0LIP%SG:`BCKD]>]13^#[Z_N6N;O44CENKZ*ZNOLR8`6%<1
M1INR#\V&)8<XQ@<5E?VM\6/^A=\/_P#@6W^-']K?%?\`Z%WP_P#^!;?XT`:F
MG^"[FRCLX#J"RPV5M>VD!=#O\N9D,>[ME0I!P.>.E16/A+5;#2M$A@GLOM.E
M3^8I<RLDH\@Q<Y.0<MG`XXQ5#^UOBQ_T+OA__P`"V_QI$UGXJR('3P_X=93T
M*WC$?SH`Z_0-)N=$M([)KF*>!5:1Y/+*N\SR,[G&<!<MP.H]36Q7G/\`:OQ8
M_P"A=\/_`/@6W^-']K?%C_H7?#__`(%M_C0!Z-17G/\`:_Q7SC_A'O#V?^OM
MO\:0ZS\50P4^'_#VXC('VQO_`(J@#T>BO.&UGXJJ&9O#_AT!1DDWC<#U/-+_
M`&M\6/\`H7?#_P#X%M_C0!Z&\,<C*SQJS(<J2,E3[>E(L$*L[+$@9R"Q"C+$
M=,^M>>+K'Q68';X>\/'!P<7C'G\Z7^UOBQ_T+OA__P`"V_QH`]$:-'7:R*5Q
MC!'&/2D6&-$"+&@4```*``!TKSS^UOBQ_P!"[X?_`/`MO\:/[5^+'_0N^'__
M``+;_&@#T7:I!!48)R>.],>WAD`#Q1L`00&4'ITKSW^UOBQ_T+OA_P#\"V_Q
MH_M;XL?]"[X?_P#`MO\`&@#T5E5OO*#QCD=J8D$46?+B1<L6.U0,GU^M>>_V
MK\6/^A=\/_\`@6W^-']K?%C_`*%WP_\`^!;?XT`>AK%&A)6-06.XD#J?7ZTH
MC1<811CD8'2O._[6^+'_`$+OA_\`\"V_QH_M7XL?]"[X?_\``MO\:`/1=JYS
MM&<YZ=Z9Y$/F*_E)O3[K;1D=N*\]_M;XL?\`0N^'_P#P+;_&C^UOBQ_T+OA_
M_P`"V_QH`]$:-'5E9%*M]X$<'ZTBQ1J`%C4````#ICI7GG]K?%C_`*%WP_\`
M^!;?XT?VK\6/^A=\/_\`@6W^-`'H;0Q.A1HT9",%2H((I1&@&`B@``8QZ=*\
M[_M7XL?]"[X?_P#`MO\`&C^UOBQ_T+OA_P#\"V_QH`]#:*-I%D9%+K]UB!D?
M0TCV\,J;'BC9>!AE!''2O/?[6^+'_0N^'_\`P+;_`!I&U;XL!21X;T`X'`%V
MV3_X]0!Z,``,``#VI:Y3P+XR_P"$ML+I;FR:QU.PF\B\M6).QNQ''0X/TP:Z
MN@`HHHH`****`/+_`!N['XP>!(]Q*!IF"YX!QUK;\?3Z]&MBNA&ZW>5<O(+?
MCE8\ISM.3GD*<!CQD5A^-O\`DLG@7_MM_*O41T%`'FUOJNO-::U()+]W%\J!
MPCEX[4R@%XXC&!D)DC!8^W%5)]:\130RO`=0MX(8E"1OYCFY*SR`A91%N4NH
M7!*]@#US7JG2L2W\6:/<I$XNQ&CPO,7F'EK&JOY9WEL!3OR,'N#Z4`9FJ7]Z
MUWI'VIM1L--EM6EF>&,M*L_R;8Y"JG;P7/H2,>QYJ]U/Q7]AG,$NIG4&CG^V
M1?9R([<B51%Y1V<Y4GINRN6/(KT#_A(=&^UW%H=3M5GMRBRHTH!0N,J.>YJ[
M-=VUM)%'/<1123MLB5W"F1O10>I^E`'FUB_C6ZU06\-Q<QR6J.S?:3^Z!6Y<
M;"=@\W,04!OEX(;@U&;_`,4SV]K':S:K*\HM?MOGQ&$Q7#2@21JPC^5-N[)`
M8*`I[\^AMKFF_P!FW>H17L,]M:1M),T#B3:`NX_=SSCM5*T\6:5=`?O6@88\
MQ+A?*,:E"ZLVX_=*J3D9Z'T.`#C[36/$TKZ.98M5:VMX8H-2?R`A,DI*N3W)
MB^0Y48Y8FHX[CQ5:13&.YU69F@N-Q>+>4"7HC#("O+^1N8#G/7!KT1=7TQUE
M9-0M&6)!)(1.IV*>C'G@>]5X?$NB7#SK%JUFQ@D6*0^<N`[#*C.<$D=,4`<'
M<ZGXJBNS-ILFH7.FVPNY(A-`1)<Q*D.!RH.X,TA3.-VW'/6O0-`>YE\.:7)>
M%S=-:1-,9!ABY0;LCL<YJ8:IIYD,8OK8N)?(*^<N1)_<QG[W!XZ\5;H`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`PO&":C)X<D32C,+M
MIX%7R696VF9-_*\@;=V2.V:YX:MXPAUNUTR'3MMF;KR99W@DE$,*CY7\QF_>
M%^>?X<#.<UU/B2XOK;0+MM,MY)[YU$4"1CD.Q"AO8#.XGT%<'.GBEXM(MV@U
M;S+*5X)I-Y)E07-L4=F4X8F+?D^ST`=5XQCUEH[$Z1)<AII&M)A`?]6LJ[1+
MT_@(!SVYKDUD\;I9RR0B_6X6&2(&6-I#^X,*;@I;:3)^]8$@DXXKU.D8X4GG
M@=J`/,(O^$P-SI-FHN1!)J,]P;A[>3,*":4*)/F^965E8`XQA:DDUGQIJEO;
M13Z-/;>9+:O(L,3H8U$D+,V_/.[,BE,94+D\=<Z_D\9W,,N^RU=!>R->0A&)
M,`\J9?*^4Y48,)`/\6ZO4]-$BZ7:"8-YHA0/O^]G:,Y]\T`<QX0N-<O=:U.Z
MUB&>$/;VX6-H7CCC<-+O5-Q.[&5RX^]P:KZD_B.U\1ZO>VD5Q);)]EC@W>:Z
MHK#$KI$I`DVC)(ZYZ>_<]JX-+GQ!:7_B2:*WN[BX6Y`L(IEF,;H?*PH/^K52
M=_S#E>2<@8H`T="UCQ#/8ZG>ZSIK0_9T4P6D4)\R4^6&."2<DL2`,<'C)Q7&
M7R>-6T22SGM]6-X&EN%EB<MD26LF4#(?X9>%'8%*W)_$7C`6Q>+3'\W$(V&P
MDX5AF23()Y5\H$ZD#=R#41\1^+[^[U"PM;:)+J&$H1%;,1!(;190?,8@$^8P
M4(0#ALGH:`/1ESM&>N*6J6D//+HUD]T6-PT"&4O&8VW;1G*GH<]JNT`8LVG7
MBQ,MN0A:65\)*4Y8_*Q('./3^>*FU*VU&21'LKA4VIE@S$!F7E1]"20WL!59
M](O5AV)/O!^9E:9URWS_`#9'/&4X_P!GZ4Y])N49IOM9\P$L79VY.X'..@^4
M,,>]`$?]C7$D[M),TJN(EW^<P.U75CTZ$_-R.?>E>PO85DF^TB.5U6,N92`?
ME8#\=Q3GK_(M&E7<MF#%>;_-`=SYAQ(,@@9(.!MSVJ)[&XAFF>2Z>8Q;)&4R
M\[>G/RCD88@@]NE`!/IM].DZHX),;1M%]H.Y=VXJ"_4@9S^..<5I7MM>/)8B
MW;:L;J9"'(X!7(QT((#?ITJ'3+:[MI%8QQLA1(]RR9!7+-NSC)(#`=LG/04Q
M[)[B>2ZAO`/,=O+)=@-PVA>/;:_3^]0!!<Z;?30,UU(!Y<3Q!VG(&#%M+GZG
MGG/K5B6VOH959KG;&KG8[SD!%W$X(/WLK@<],5!!I-U<V$I^TIMFCE\DJY*K
MO1`#C`R,ACSG[W?FM>*S5K-8+J*.7:3RWS!CS\W/0G)_.@#%-O<(S2I=-/-:
MVQB*QS,[(^%/('7++WYYK0EL[A[:QD>7;/;LTDCES@$HP)]"`6Z'L*BFTJ[\
MJ413EM\\DGEF0HH!SC!49R"0?K^%2G3IWL)[?[1EYILR2-D_+D9&#[#&.G-`
M$5NMPEA-$;I5N)`K0*TY<YV\'=UPQ4\>F?H*EQ97E\LEN+M970+YNRZ8;3C)
M0J.F6Y!]..V#<M]*G@D@9YD=82`#C!*@OCCMPP'X57-I<2AECN$VW$[3P'S6
M`9""2H`48R#@\G@DCD4`:%E;7D=[=/<3.\;L=@W?+@DXP.H('%9PTV^M;1($
MN?*6.VV!S<,`H$9!&#_M?-N[?A@S#2KW?;DS$>6Y:0K,<N<J=_*G!P"-O3GK
M4%IISP_9;J^\N/RHF9XWE9S@H0[<]SD9'3WH`OWL<]U%;?V=*"B.,NLQZ`C.
M?7@$'.:JO:ZC#+!&D\A\V0!SO9L`EBYSVXV`?C5_4K.2?3VM[4(A)Z9VX^F`
M><\]#5".PN9"[I=B5LA907;#E=@VY[<J_3^][T`6;RWNKUS+:W.(B`5V2E>0
ML@[=MQ3\JJR:=J#7$DC3;'*[1-YQY^<-P/X<`8XZXITNEW$6DVT0NQ;^2C"9
ME=L;?O<'KD$#GTS22:3<SVI,]TK&2#;*=S;3D2%L#TRZ_@H]!0`VZT[5+BU*
M22"7S(-KHLQ51*2QSGNHSC'<8XXHNH=3G%U%!.I/_+,B<@C+.RG`Z8!0<YX!
MXZ59TNQFBN'N&FWP2QC8%DRH!"X&-HZ8.#GH>E5HM!N8+01V\ZP2B%8=RLW1
M48=_]H@T`:]E`]O'*'QEYG?CW.:LU6L('MK-(I"2P)/+[L`G@9P.!]*LT`%%
M%%`!1110`4444`%%%%`!112,RHI9B%4#)).`!0`M%9/_``E'A\@'^W-,Y_Z>
MX_\`&E_X2?0/^@YIO_@7'_C0!JT5E?\`"3Z!_P!!S3?_``+C_P`:/^$GT#_H
M.:;_`.!<?^-`&K2'H:6@]#0!YUX%`'Q)^(``P/M5L>/]QJ]%KSKP-_R4KX@?
M]?-M_P"@-7HM`!1110`4444`>7>-O^2R>!/^VW\J]1'2O+O&W_)9/`O_`&V_
ME7J`Z"@!:Y67P+8/<7EQ'=W,<\]TEU&PV,(&7<<*I!!4M([$'/+9["NJ/0UY
MLS>)+34F:VN]0F\K5IXD6Z5GC,"VK.N0H&07X!SUQZ4`:=U\,='N5B03W2QQ
M0QPA&*N"J1F+G(YRAP?_`-=:NM>$+'6YK626:>(01>0RQL/GCWH^W)!(^:->
M1@]>:H>&/$VMZUJ\L%]HWV&V$(D&_=O4D(1G/!!W-Z$;><\XYO0_$/BBV@NY
M;A+R;F)7>YMY)$@)DE#.5"JQPHC&Q<C!#;NHH`Z^R\%6-CIMW8QSS>7=:;'I
MSG"@A$$@W#`^\?,.>W`JC=_#G3]0M6CN[Z[EG=/*:<[`=@A>)5`Q@`"1CTY)
MY]*SKKQOXEC8K#X=E$AM0YCEMY#Y,I5#M+*?G!W,.`/NGT-:&GZKK=[X\2VN
MHY(;.WCNHV5()%1B##L=F.5.X%RH!R!D')S0!++\.]*DN]0N1+,C7C%QC;^Z
M8NCDKD<C=&IVG(XQ2W_@&TU%YY)]0NA+<'=*RJ@W%H?)D(!4@;D`^A&1C)K+
MU;7?$U_%J%C;64EH4N8T$J0R;D0W*QXW9&XM&?,W)]U<C@X(L>*K[6[?Q%)'
MILM]O&GQO9PQ0EXI;CS6#!SC&-N,Y(P.:`-1/!5G$;<PW4\7DW[WP9-N_<QY
M7?C(7`VGG)&0<UTU>?2>)_$]K!,8=),B1;W8RQR,PS=R1`CD95457QUP1T'-
M%_XH\4-:)Y5E'8S^3;3$?99+CS%9QYI4C``5>2""W/T-`'H-%<._BGQ$VH3V
ML6D*H%XD`D>"0B%#-Y>6/`?*8D!4X`X/K5V/Q'JLGA76M1&G[KZR:86\(A<)
M-M&5VY^9O0G`YR`.,D`ZNBN#?Q5XHAN=5@DT2-A9C"2)')S\Z#S-HR60JS-@
M'/R8YSPG_"6^(GEGB@TI9,2)''*;:5553-&@D;GD.KNX"G*A#N/H`=[17`Q^
M+/%$MN@&CQ),[Q89H)2JJPGW9'7(,*GK_P`M0/0F.+QGXH>[LX#X>55FDCWR
M,LBKATB?9D]&42."QX)0C`YP`>A45P">+O$OV=6GTI(_-\MO-%K,5@5I9$.Y
M0=S'"(>,8WC(P,U<\!ZQK%_IJVFJ03+-!:0$32Q/EG*_-O+8R^>H`X&.3G@`
M[.BO,M(U_P`7074EW?V\MT`MO#/`+21=K&6=6,8SC(`0GJ"-O3K6AI'B7Q)J
M>JZ9Y]G]EL6NI(9V-FX\U?)5XVY)V#<67.2,K^%`'>T5QVJ>)]:M-7U.PM=-
M286<<<XD",W[N0JJD@')*D3,0.2J#')J&#Q=K;7%I#-H[)]IDME1O(DPR-+(
MDK_[`"K&X#8(W\YH`[>BN7U/7=<L]7OK2UTG[2D-FUY`RJW[T!"/+W=-_F`<
M?W3TK!O/%GBN-+:\M].$UOMN$*+9R`3LICV2`$[D&UI#M/7RVYY&`#T:BLW0
M;V[U'1+:ZOK=(+F0'<B$XX)`(SSR`#@],]^M:5`!1110`4444`%%%%`!1110
M`4444`%-6-%9F55!<Y8@=3TYIV:*`"BBB@##;1;A+=D@N%5R"><@%B)`6./9
MU_[Y'X/;1&\XRI*JN6+;L'.2X/\`Z""OT-;-%`'/6_A^>+[,3*BK$5!BC8JO
M&WYQQG)VG/UZ^KO[&N((5CA6)S&4D5GSAF";6&.^<=^FXG.:WZ*`,B;29I+>
MRC65<P1B,EL_*?E^=<?Q#:0,^OX%Z:.D=I90*L6+6?S5&W@<MT]#\U:E%`&!
M_P`(](D,$:3X2/;E%)4$[0"P/.#D9_$\]ZM7FDR7%Q/-'/Y;R+L##.0NQACK
MTR0?PK5HH`Q$T(LRM*T6`P(C4':B[RQ4>Q''_P!;BB/0YU(=[LF8!5649W+V
M;'U%;=%`'.IX>G"Q!K@X4,I"R$;2?XEXX)QR..O4\YGM--NH[J*5TBC7>LCA
M#D@A"O7T.<8Z`#WQ6W10!C-HLDER[221M&TF]@0<R#>&PW;@#`]C3KC1VGMH
M4=XWE2TDMFE89/SA1D'K_#^M:]%`&,FC21W\,XFS%&QVH&*B,;F(`XZ8(!'`
MX'TI)M$DE>4F==KR-(H(/RDB3!Z]07!_X#]*VJ*`,>'2)8_MX><L;A&4.6/?
M/48[9P#D\>E01Z#.LL,AE1%3@0QL0D?3E>,\X.1QG/7UWZ*`.?30;I$PEVB.
MH"B4`[GZ9W<]EW*,>M:>FV4EC"T<DOFDL<,<Y"CA1^"@9/<Y-7:*`"BBB@`H
MHHH`****`"BBB@`HHHH`*9+&DT3Q2*&1U*L#W!X-/HH`X_\`X57X'_Z%NR_)
MO\:/^%5^!_\`H6[+\F_QKL**`./_`.%5^!_^A;LOR;_&N"^+G@CPUX>\(07N
MDZ/;6EP;Z*,R1@YVD-D<GV%>VUYE\=?^1"M_^PC#_)Z`/2T^XOT%./0TU/N+
M]!3CTH`\Z\"_\E*^('_7S;?^@-7HM>=>!O\`DI/Q`_Z^K;_T!J]%H`****`"
MBBB@#R[QM_R63P)_VV_E7J(Z5Y=XV_Y+)X%_[;?RKU`=!0`IKS>RN-?31=,G
MU2ZU."WN;F;[9/$&DFC0!O+&WR\Q@D#.`>B\\FO2*@MKH7)F`C=/*D,9W8YQ
MCD>W-`'G.BW_`(ND\1:=)J9O8[8FWCN`8\+\T+GYDVX&Y@FY@?E;C&#QHR^+
MO$4<^JHVBF-()O*@/DO(?]854L`1E64;@P(`R!SUKO*J7=\MK/;0E<M<2;`2
MX4#C/?K]!0!P<OB+Q-JMUHT:6CZ9+)<6SM$UO*P96A9I"[`@!%?Y=IP<@9(X
MK6U#Q1K5OX8TC4H-'<W-W#YD\1BD<QOY>X1[0-P+-\H)X&><]*Z"+6K)TR\N
MQP"2A!)ZXQQU/(X'/(I8]8LY$W[W4;VC`9&#,RD`X&,GDB@#EQ=>)DT/Q=>1
M%SJ,=P_V&)X68*JQ(0JKNPW4C(ZMD\]*S(O$OBG3;>XD%B^H1SW5RT4C02#R
M8UEC`8@GE-KDJO!PO4\X]"@U"UN)?*BF5WVAN`<$$`\'H>"#^-0G5[9KB"&$
MF1Y9/+X4X'#'.<=/E(STSWH`YVZOM?O(O"LXA-N9YV>^MXMQ!VPNRKNXPI91
MU[E<YY!YO4]?\5:I9VTJ6M[9NN\.;:&5`24C)4@\Y0EEW="02.X'HKZJD<\J
M/$RQI(8Q*6&"P7=C'4<=_:G?VOIYR/M*CAN2"!QG//X'ZX.*`.2_X2_Q!&MY
M*^@NT=O,JLBQ2;E#.Z!1_?((B<LOR[7/IDUKOQ3XH2".<:,1<1-+"T2QRE&D
M14#-Q]Y"[-M/H,\UVG]LV8:4,TB>7MR7B89RI;CCT!)],<U-'J-I-<_9XY=T
MHR,!3CCKSC'M0!Q%YXUURQNH()]/AC!NOLQD:&7%Q_I*Q93GY/D._P"8G/8\
M&H_%VN^((=;>VL;:Y6"T+LBP12YN%^S.P8NN5V[\*%Z[ESWKOI;*TGN(KB:U
MADFAYCD>,%D^A/(_"IZ`.#?Q5XHCDL0-$C=;FZGCY21=JI,(U4D]&9<N&(QQ
M^(8OB;Q-(]M=+8AD-M=M+8+:2*XN$53'"9&/4C/S`8.#C/%=_10!R6A:_K>J
M:M;V\]C''9^5,[W/D2()MKJJE`QRF=QX;)^0XX-9TWBWQ+"^'TF-8I7E`F%M
M,PMT2=HPSJ.7W*%8!<=<\CFN^HH`\]G\8>*D6:8>'Q&J1%Q`\4K.&6WCF9<C
M@DLS1C`X([D$5(?$OB2VO[Y(])::WM[@X#QR%Y5:Y,0"-T`"X?H1CVY'?44`
M>:0>+O$RQ1W"^%H(Y[J?;,X1UR0BX1^X;DJ&.1\O3L.GT+7;_4[LQW4"P`2W
M"8%M*`ZH4V%7/&,,<Y"DG@#Y2:Z2B@`HHHH`****`"BBB@#F/&B?:8M%L9&<
M6UWJD<-PB.5\Q-CMM)&#C*C\JK:+86^B>.+S3M/$D5F^FPW!A,K.OF>:Z[AN
M)P<`#CTKI-3TFQUFS-IJ%LEQ"6#;6SPPY!!'((]15?2/#NE:$TS:=9I`\V!(
M^YF9@,X&6).!D\>]`&I1110!QVJ:9:Z[X]:QU)9)K6WTM)HX1*ZJKM*X+84C
M)(4#GTJWX)S'I=]:B1VAM=2NK>$.Y8I&LA"KD\D`<<FM#5O#6CZY-%-J-DDT
ML2E$D#,C!2<D94@XSVJYIVFV>D6,=E86Z06\>2J)ZDY)]R22230!:HHHH`\S
MN-(L]1T#Q7K5UYTFI6UQ?>1<"XD4Q>5N\O;A@!MVC'%>A:9(\VE6DLC%G>%&
M9CW)49K*O/!/AS4+R:[N=+B>69M\OS,%D/<LH.#G`SD<]ZW@`H````Z`4`+1
M139-_EMY94/@[=W3/;-`#J*YG9XWQS<^'_\`P'G_`/BZ-GC?_GY\/_\`@//_
M`/%T`=-17,[/&_\`S\^'_P#P'G_^+HV>-_\`GY\/_P#@//\`_%T`=-17,[/&
M_P#S\^'_`/P'G_\`BZ-GC?\`Y^?#_P#X#S__`!=`'345S.SQO_S\^'__``'G
M_P#BZ-GC?_GY\/\`_@//_P#%T`=-17,[/&__`#\^'_\`P'G_`/BZ-GC?_GY\
M/_\`@//_`/%T`=-17,[/&_\`S\^'_P#P'G_^+HV>-_\`GY\/_P#@//\`_%T`
M=-17,[/&_P#S\^'_`/P'G_\`BZ-GC?\`Y^?#_P#X#S__`!=`'345S.SQO_S\
M^'__``'G_P#BZ-GC?_GY\/\`_@//_P#%T`=-17,[/&__`#\^'_\`P'G_`/BZ
M-GC?_GY\/_\`@//_`/%T`=-17,[/&_\`S\^'_P#P'G_^+HV>-_\`GY\/_P#@
M//\`_%T`=-15/31J(LE_M1[5[K)R;5&5,9XX8DYJY0`4444`%%%%`!1110`4
M444`%%%%`!1110`5YE\=?^1#M_\`L(P_R>O3:\U^.,,LW@6W6*.21O[0A.U%
M+'HW84`>D)]Q?I3CT--3[B_04IZ&@#SOP+_R4KX@?]?-M_Z`U>BUYUX%_P"2
ME?$#_KYMO_0&KT6@`HHHH`****`/+O&W_)9/`O\`VV_E7J(Z5Y=XV_Y+)X%_
M[;?RKU`=!0`M11VZ1.[)D%WWMSU.`/Z"I:*`"JMU!#+<6S/*8Y4<F,!@-W'(
MP>O%6JY;Q9X=O=;U'2;JRF2&6P,\L<I8@I*4PAQCD9X8>A-`&K'HM@0TD)($
MF'#(P/S9!#`]<\#OCVITNF6@V,\KJXD+1R%P"'8CD=LDCI[D5Q%KX5\96>CQ
MV5KJ44!CTX01^7<,$1A#M"*NW@^;\_F=<<8J^GAWQ1'J4+?VH9;-+P.4FN"Y
M\I9PR#E>OE[@?4XR>!@`ZZWTVVMC&8E8;#E<L3SM"_R`IL&E6UO*LB;RR8V;
MFSM7#`*/;YC_`)%<&/"_CE&L`GB"40K;P_:0;DLYN.=[@D<K]WY>AZXS5Q-"
M\9QQ7N_5S--)=(\69RD>T.S9(`W*I4JI12.G!Z[@#L'TJWDDF:0R,)26V%OE
M4E=I(]\#_#K3&T2S=MQ1N4V$9ZCG'/4$9/0C]*FTV*:&T*7`82>;(WS3&4X+
ML1\Q`XP1QVZ<XS5N@"A)I,,O+RSF0@`R!\,>"IZ#N#C\N_-.33((IH70NHB+
M,J!L#)__`%].G3TJ[10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!0>AHH/0T`>=>!?^2E?$#_`*^;;_T!J]%KSKP+_P`E*^('_7S;
M?^@-7HM`!1110`4444`>7>-O^2R>!?\`MM_*O41T%>7>-O\`DLG@3_MM_*O4
M1TH`****`"J&HWLMK@1*F1')*2W0A,<?4YZ]O0U?K-U6?R]BF&*38CS_`+U<
MCY,<#T)SU[4`-&HS><=R($%TL6!G.UD!!^N6Y]JTI&V1,^.0"<5D&=S>1R21
MQO&+A`&5"IW,I7'4Y*\9/N>.*V.HZ<&@#$&N26UN'NT24F))B801@$$D8)/3
M&?IZ5+-K\,"S-)#(JQ.5Z!MP!9<\'U0_I5-+VQ$$-LVF1.'^9(XT79OW!<<\
M`X(Z]OPJ8ZO9LR(=/<O+E@HB#$IDY/&>^[CZ^M`$XU:0I<.8"FQ(\)("I#,[
M+S_L\`YQTJ[9SM*)DDD5Y(I"C[8B@!P#T).>".:S9+N./2V:WM(X3YRV[1-'
MO(!8<%5]FSCWJ260Z?:V7E6T5N\SXD1(B^WY"S8"X_N@9H`@@U^4(3<6[.[/
M^[2*,Y*_-VYSPAP>,G/`Q4D.M3L\ZM:;]DXB3:X!;+,.A],?S-0F_P!/^SNH
MTL$$?:FCVIRF,[^N,\].M)>:C9_OR-,2::%B4R%`.%D8-N/^Z_3/7ZT`6AKT
M>?FMY%4_=9F7!SNV]^,[&_3UI]MK<=Q-#'Y$B>9P2V!M;+C;CK_RS;MZ4MM/
M:7LSVC6B"1$!D4J"%R,C\]S8^AJ]':V\041P1H%^Z%0#'7_$_F:`):***`$=
MMB,V,X&<"L%M;N`8X]J!I(A.9%C+*B$9P1D9(]<_AVK>=MB,V"<#.!7/&4S0
MHBV]D'=XID4P;ANDS[_>`!)/<=A0!LV%PUU91RN!NY5BO0D$@D>QQFJE[JS6
M-^8GC4PF#<K9Y,F3M7\<'\:L:6P.G1`(%V;D(7IE25)_$C-5]4O8K.YMQ);+
M,9<[<)EMRE=O\R:`((=;DELS^Y!N4MA-)M^XI\L-W.2,G'^>7'Q!'"%\^"16
M`/F!?F*,%+8X]0#C_P#75-;\-<R/+IL8@A6:0`HH<*J1X&#T)#8_`"ICJE@;
MO,FG,)`[1)*8A@N#M*@GN3D?0&@"RFK22)<2>28_*MS*$D4@[@6_3@5)>ZFU
MFUDS*GE2D^<Q/W%V_>_,C/M211(UU-;10VL5O"51T,>2^1NXYP!D^AY!I^H'
M8\2-'#]G<E9'DCWXW$#&,C`.3SR/44`4H?$)\D-/:2;SYCE8E)VQAB%)]^F?
M2IVUK:P7[+)N)5`NY>68*<9SVWCGZU7;4[2=%EET[&,,A=48Y<;AT/4@$FGV
MFH">YMQ/91QB:**08PVR1@W&>_"#GVH`D.OQ!4)MY!N9>,@D*6V[L#W!'_ZQ
M5NROUO3(!$\97D!B#E<L`>/=34KV5K(5+VT+%""N4'&#D8_&I5CC0Y1%4D8X
M&..?\3^=`#J***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`*#T-%!Z4`>=>!?^2E?$#_KYMO_`$!J]%KSKP+_`,E*
M^('_`%\VW_H#5Z+0`4444`%%%%`'EWC;_DLG@7C_`)[?RKU`=!7E_C;_`)+)
MX%_[;?RKU$=!0`4444`%9NJS^7Y:^3%)M1Y_WJY'R8.!Z$YZ]L=ZTJS=5F\O
MRU\F*3:CS_O5R/DQP/0G/7M[T`4T9(-2`^R0H/.1_D3:QW[QGJ=Q!)YXZGCO
M6W*0(7.`PVDX/?BN>M[ZUEU-EMX+98XYT.(_ODOO4L0/]H=^V370R-MA=L9P
MI.#WH`Y]+Z&U1+BZM+>27R8Y`\,>"JD9Q@Y/&T'Z>F*G;4+":18_L0=E?8%*
M+Q(&`VY[8+_K55;NVM;%$NK"UDC$:3[((@`N0<_*<\@#\O2K-QJ=A''<>=98
M19&##RU;>-S`GCU:/Z]/P`);.=!I]@RVL$?GS?,BJ`%/S'(`[_*.:EO;O[/,
MRKY4:6Z"9G:(N0"2.`,8X!R?>H8[I#!<%;-8EM;?='&\>W:?G!'T.T>G%3ZD
MT`M;>XGM8YF\R-<-'N(W,`<#K0!FWC6$BK"UF4A\YRX4(JD*VPLQ[#]?I4L>
MJ6*3RJ--99!F28+$"5X;!;'0D;NOK[TU]6M'1#/IXD.Z0IB,9#!FP"#T)VD\
M]Z>UU80HQ33(P85S@*H^8LRLH[D_(W0?_6`+VEK"PFF2%HI251T;'R!5&U1C
MC`!_4UH5APZVB032&V(RS-&$`'F*"!T'.<8XJ[::K'>7)B2-U!7<K-C#<*3]
M/OK^M`%^BBB@!';8C-C.!G`KFI-6>U2+R[2$F3;.?*CSM#@Y)YXP,Y?T(XYK
MI7;8C-@G`S@5S<MX%M]SV-N8P@NR4@+`%@2%P.C<'YNG3B@#9TME;380JJH3
M*?+T.TE<CZXS^-5-7E,#2.]O`\/DG_6)N\UADA"<_+R!@D$'/KUM:2X?2X,1
MB/:"A4>JD@_J*JZA*8[]I!!;/Y$`<ETR[`L1M4YXR,]CDF@")=3M\/&NFL2"
M(N$&TLVU2NX\8Y'U`JLVH6C7)N9+(X\Y3$449DDVK@-C)R"YYZ4\W>EW5PUL
M]@`^]`N%7$@7!'/<`8/I@5/9W4&H3QQ+9QBU>`NI9%^8@JIX[>GX"@":"\M;
MR_CWV+)*!A))4`8':&*XZCAN_O3M-==1@2>YAC+QR-Y?[DKLP<<$YSTZBJ]C
M=S'1GO/LD*F-!(F(R@(VC(`//`&,]\"H;/5(HY9!';01QEFG!C7!:,X"O]6)
M_2@!CZL$<QFTM<)^YY'`F!P%^FS)^E31:K&7(ATPE8XV;Y0-VY6`P!CIB0G/
MUJ(:Q%'"[W-K'(X`G*H@R3Y:%CZDX)_`5*UUI\9:#^RQY(9E&U$PWS*IP/=M
MH_7M0!8&NQNJLD$CB0[82KJ1(=P4X.>`"1UZCI6E;SI<VT4Z9V2('7/7!&:J
MV"6L\`N([2*)W/S@*N05/0X[@C\,5=551`B*%51@`#``H`6BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"@]#12
M'H:`/._`O_)2OB!_U\VW_H#5Z+7G7@7_`)*5\0/^OFV_]`:O1:`"BBB@`HHH
MH`\N\;?\ED\"_P#;;^5>HCI7EWC;_DLG@7_MM_*O4!T%`"T444`%9NK3B,(I
MABDVH\_[U=P^3'`]"<]>V.]:5,EABF"B6-7"L&7<,X([T`8RW4DEY&]S#&'6
MX`5-F&"-O5&SD[NOMC)XK9D;;$[=@I/-1"QMEE$BPHK!S)E1C+8(R?7J?SJP
M0",'D4`<M;W]O)#:6YTRU"^49)H@HPLN`%5?KS^&.N:LRZQ:M'#*+-0DCQAM
MZ#DN'./8YZD\?,?>MEK.U964V\1#=1L'/`'\@!^%*MI;(@1;>)5&``$&!@8'
MZ$T`4I%2"XAM_L\$-K(H4YCW!FR2$X(Q[<'))Z=WW-VL,LZ/&ICA@%Q]W)SD
M_P"%6OLEL71_(CW1KL0[1E1Z"B2UMY91+)!&\B@J&903@]1]*`,2;4+;S8IQ
MIJD9W%V5"3&RR-N'I]PG'O[UH6@AU&"X\^RA"B9TP0&#A6.&/UR3CW-26^EV
MMN\SB,.\K;F9P#GJ/3_:;\S5M(TCW;$5=QW'`QD^M`$3V5K)'Y;VT+)C&TH,
M5(D,49!2)%(&`0H'I_@/R%/HH`****`"J_V&TX_T:+ARX^0<,>_UJQ10`R&&
M.WA2*)=J(,`4U[6"2=)WAC:5/NN5!*_0U+10!!'96D1S';0J<ELA`.2,$_EQ
M2QVMO#*TL4$:2,`I95`)`[5-10`U8HT7:J*JXQ@#C'I3!:VX``@C`"A`-@X4
M=!]!Z5+10!7DL+.5-DEK"Z],-&"/\\4]K:!P0T,9!SD%!SDY_GS4M%`#(H8X
M(Q'#&L:#HJC`%/HHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`*#T-%!Z&@#SKP+_P`E*^('_7S;?^@-7HM>
M=>!?^2E?$#_KYMO_`$!J]%H`****`"BBB@#R[QM_R63P)_VV_E7J(Z5Y=XV_
MY+)X%_[;?RKU`=!0`M<U#XXTITC>?S;8-$[R><!^[993%L(&26+*^`,_=-=+
M7/2^#=(DFO9U2:*>ZN4NC+',5:.100&0_P`/WGX[[F]:`!_&_AZ.ZN8)=1CC
M,'EEG<$(V]=X*MT8;1DD<`<UI7NM:;ITUO%=WD,+W)Q$&;[W09]AD@9/&2!W
M%8MQ\/?#T_DXMGC$,<<2*DG`5%*#@YS\IVGUX[\UH:KX7TK6);>2ZA;]RGE;
M8W*J\>Y6V,!U7<JG'M]:`$C\5:1<Z3?:C9W2W4-E`;B01?>*;2P(!QG.TX/3
M@^AJCIOCW1+X2K-.+.:(%WCF93A`JL6W*2N,.N>>"<=:N6_A/2[6QN+2-9O*
MN+%-/DS*23$@<#GU_>-S23^$=&N(UBDMCY:V9LPBL5`C+*W;^+<H.>N:`)$\
M6:$\]K`NI0F6ZQY2<Y.6*`'C@[@5P<<\=:=!XHT2ZDCC@U*"5Y)O(14))9L9
MX'<8!.[IQUK)C\`Z>FKQW9GG:!40O`SD^=*)FF+R'^++$'&.WIQ4T?@/1(C'
MM%T%C=&4?:&X5,^6@/4*NYL`$=3US0`^?QOH\%U#'YZF)O-\Z9CL$&Q`_P`P
M(SR",>M=%%(LT22IG:ZAAD$'!]CR*Y:#X>Z);%VB^U+(ZLK2&8DG*;#U&#\O
M'(YZG)KI+*SAT^Q@L[<,(8(UC0,Q8X`P,D\G\:`)Z***`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*#T-%!Z4`>=>!?\`DI7Q`_Z^
M;;_T!J]%KSKP-_R4GX@?]?5M_P"@-7HM`!1110`4444`>7>-O^2R>!/^VW\J
M]1'2O+O&W_)9/`O_`&V_E7J`Z"@!3T->;,_B6TU(M;7E_/Y6K3Q(ETK-&T"V
MK.N0H!(+\`YZX]*])HH`X_PUXGUO6M5F@O=%-C;"#S%W[@ZG"$9SP0VYNF"-
MN#GG',Z#XF\46NBR7%Q#=W4A\@,]S;R.L3&)V?A45B6943:`0I8'<<XKU:B@
M#SZ;QGXC;68+*WT)HUFDBC9Y[>3%L6*!MQ!PP`9B"-H^6K>E:SK5]XTNUN+:
M:.VM[6Y5;81NJEUF4(2S?*S,OS`@X`:NVHH`\_LM<\2:W>Z()+5[*#[>!=;8
M9$#+Y#2%#G!`1QL)Z,V/=:K7VK>((-1U<VCZA/)%=W"_9C"?*6V6VW*RL%X;
MS,`8)))(P>WI-%`'GT?BWQ0D]G&=$1HIKEX=S+(IVJR+@D]&8,S`XQ\N/4A;
MCQ1XF$T-Q!8`JDEVDU@+5_,W(C&%#(3C+[<[E&.0.>,^@44`</:^*M>G+DZ?
M`L,5I<3>?)#-&D[(RA-H(+(#N/4$_*<<'-6+WQ+KD>E:3<V.DM/-<VTTT\,D
M+HP9(]P0`$[2QX&2>O?I7844`<+:^+=>DM[22?247S5G8,D;D3LF-D2C_EFS
M9/+$@;3U[5SXR\2FWBECT5'`$CNYMYE$H4PC:H/*D&5U.0<^62/;T*B@#@#X
MM\4-<&)-(A78WDL[0RX9]UP-X_V,0J<?]-!ST)CM_&OB>[\XKX>6W_U'EK*L
MA9-[Q+N8#[RX=SQC&SGOCT.B@#SB]\3>(KBZTZW-G):A;R/S6B@E_?JMQ(CX
M(!"IM16(;)(D&,]]63Q9JEOX-MM;DTW?,9_)G@$;+G<2B&,$Y(WE.3C*DG`Z
M5V51RV\%QL\Z&.3RW$B;U!VL.C#/0^]`'%7OBSQ!9:I-:G1A)%`\8DD2*0A8
M\Q;YL]&4[I`%'S#9DYY`N3>)M53PO%K$>EM(WVR2*2W$3A_*\QXXW"GG)_=D
MY[$FNMHH`\_U/Q-XJ$6K6]MIRQ7%K&665;:1PNUD!//#AU9V4+D@(<Y/30TW
MQ#K>HW6M6\^F_9HK6*7[/*H;>Q!(0X/!###C'3ISUKL**`/-?M7B*VT+2FOK
MO5(3/ISW#2V\9GD:[PGEQL/+^4'YCLP!G(R<59\.7WBB7Q=_Q-C<Q6LC2QLF
MW=$'6*%@H&WY1DR$-N.[!'85Z#10!YFFO>+;:^%U<0O<-;Q7*SVRVTB(^+M%
M0+@D;O+.0W/R]CR:U+3Q%XBU/PSXAG?3A87MM`YM0$9F#A6^4J>K#`P1P=PX
M]>XHH`\SU37O$EOIXTN&SNC(EO;C[1&DIE/RHS2[CD8W%HROWLY/2KMAX@\1
MP7<=A_9\LWFW5P$EN(Y"6!N)E!W#A4C58R0>65AM[9[^B@#SJ7QAXCO+!FCT
M.:#>@F4[)`X56$;K[-YF2/5.?>K4WBWQ#;F4R:7&(VD<1R^1*1"BW?D[G'5\
MH=X"XX]1R.[J*XMH+N!X+F&.:%_O1R*&4]^0:`.`N?'FJKX;T._M[.W>YU&*
MX<QB*5\F,$JJA?F^;`&3TS5JY\6>(K=3)_8H93=SQ)&L,C,PC*A4R,C<^6P_
MW!L[YKLUL[53`5MH0;<$0D(!Y8(P0OIQQQ4]`'GT'C?6[E;]HM-BDBAE:/S8
MX)2L`%RT)9O^>GR#?A.F#GUI\OC77$C0-HTD4DEK%(%%K)+Y<C-@B0Y7:",8
M')YYP1BNZA@AMX_+@B2)-Q;:BA1DG).!W))/XU)0!YWIWBC7@&O)["X3[9>0
M@V\L,CF!#:QE@BX'`D)SD\?-P2,5WEA,]QIUM-(5+R1*[%49020"<*W(^AY]
M:L44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%<SKU[JD7B?1K6R:?[+)#<37"0A,ML,>T99
M3UW,,#!.>HQ7344`<1HOC;4=7O=/M_[*2(7,K"20N^V-1$LA4?*,NI.Q@<#/
M?L-7QCJ=_8:7%;Z3YHU&\E$,+Q0^:8\`LS[2,$`*>O<BNBHH`\\?XCW*2V`?
M2Q&D\41D63S/,#LDC/M4*=P1HRI'7)Z=,PV'C_5]1U-+:'2P'>1+=3(S"$EB
MY\P84G&%'<C^==\^F64FH1W[VL374:[4E*_,HYZ>G4C/N:MT`>>-X\U6\CM7
MM+"&W5_L4DWFAW\N.4@/N(`"$$@<\X^;Z=5XIU.?2]"FDLU=KR5E@MQ''O(D
M<[0=N.=N2W/]VMFB@#S*P\:ZPNM6$5S#)(6@BMKBVD0HYG^T-&[J`N,[<.1D
M#;TJ?_A/M5\Z*=[2VCLWAE`^21P9EE50`X&&7:V<\#KDC%>C48H`\UB^(6KR
MHT\>CM\UN9S%,S`)LA:1E7"9R2N.3W'TKT2VG^TV<4^PH)(P^UNHR,XJ:@]#
M0!YUX%_Y*5\0/^OFV_\`0&KT6O.O`O\`R4KX@?\`7S;?^@-7HM`!1110`444
M4`>7>-O^2R>!?^VW\J]1'2O+O&W_`"63P+_VV_E7J`Z"@!:K6UT\\T\4D01H
MB,[6W#GIS@<^H]Q5FJ]K9QVBE8WE(+%L/(6Y.<]?K0!8JIJ&H1Z="DDBEMS8
MP".!@EC]``3^%6ZKW%E;7;*UQ"DNT%0'&0,XSQ^%`$4FK6D4DL;N^Z,[2!&Q
MR>.!QR?F7IZTTZS9+GYY"0`2!$Q(Z\=.HP<CMCFH6T*`B7$LH+NK*=Q^0#9T
MYX.$'/6IVTBT:/;M<'.2RR,&)P0>0>^3GZT`(=8L1M/G9#$#<%.`22!D]N0:
M4:K`MK%-,&3S-V%"EB`IY)P.@]::VB6#,6\HKF3S"%8@$\?I\HX_Q-2R:;;2
MQ1QE6"IG&UR#@]02.H/I0!#!J\<MI:3M%*!=2F)%"$E>6P3Z#Y:9%KUBUI#/
M-)Y)D`RC@@KP#GD=.1STJX+&W6**)4PD+AT`)^4C/^)_.H?[)L_W95&5H\!6
M5R"`!C&?H!0`ZXU.UM9_)F9Q)MW!0A.[D#C`Y.2.E1MK=@D8D:?:I.!N4C/4
MYY[<'GV-2/IEK)>_:W1C+D'[YQD8YQ_P$?E2-I-FVPB-E9,;65B"N-W_`,4W
MYT`12ZY9I:2SHSR;`Q"A&R^`3D<=/E//3BG_`-L68<H\C(02&+(0HQP?FQC`
M)`SZT2Z/9RQ^64=1MV95R#M^;C.?]HU(^F6C@AHL@YR"3@Y8,?U`H`BCUJPF
M9%CF+%S@80\=.O'&=RXSUR*<FK6QL+>\82HDZAD0QG?C&>5'/`IT>EVL:HH5
MB$QMW.3@!@P'YJ/RI7TVV>VBMR'"1<(5<A@.F,CG&.*`((=8CDLXKDQ2;);C
MR$`0D_?*ACZ#C.::FO67V433OY&6(*L#GC//3D?*3GIP:MBQMUMTMUCVQHXD
M50?ND-NX_&HGTFS8+^[*E,;65B"N-W0_\";\Z`'F\9KLPPQ!U0*97+[=H/3'
M'/'/:HO[;L>/WDG(S_JF^[Q\W3H<C![YJP]E$]P)\NK@`':Y`8#H&'?K4*:/
M91@@1L<KL^9V.%R"%&3T&!_DT`!U>S#!=TFXJ&P(VXR2`#QP<J1CKD4T:W8,
MH(F."F_.QL8RPZXZ_*W'7@TV71;6:>1Y#(4<`>6'(&=S-N^N6)]J?_9-LD.V
M)0'`^5GRPS\W)&>>7;\Z`'_VE")47YBLC[(V49W,"=PQUXV]>E0/K4$-_<6\
MVU%A&2V\$CA3RO8'<`#W/%3+I=N+*VM#O\JW"A0'(SMZ9QUZ9^M.FTVUN"YD
MCR7.6.3SP!_[*OX@&@"!=<LI)(8X3)*975,I&2%)!/)Z#I2#7K$S/'N<!$+.
MS(0%(*C:<]SN&![U*-)M?/29O-:2,`*S2$XQ_CWIB:'8HC((V(8;3N<DX^7'
MY;%Q]*`%36+::>VC@)E$S%=RJ<+A2V"<8SQTZTBZQ;^=<HX95@95#`;MY+;>
M`.?O<5+'IMO'/',#(73D9D."<;=Q'<XXI$TFRC962!5=>=PX+?,&Y/?D`\T`
M1P:S:SI$P$JF496,QMOZD=,=/E-,CU^R9</)MEZ&,98YSC`QU/(X]ZG_`+*M
M`R,BNCI]QE<@J,DX^G)X_P`*8=&L]LBH)$608=4D(!]?SZ4`.OM5M["-VD\Q
MF6/S-JHQXYQGCC)&!FA]3CA2!ID=?-BWG:I)!RH`QC))+@=*=-I=I.%#HVT(
M(RH<@,HZ`C/.,\9J62T@E:,NF3&`%Y/'*M_-5_*@"#^UK,J65W8#`RL;')/\
M(P.6]NHIIUJQ&,2.P..5B8C[N[T[#!/I3O[(M0&""1`2&PLA&&_O#T/OWIDF
MBVS>4J%XXXR255C\V5"\G/H/QH`>-7LRVU9&8[@JXC8[B21\O'(R#R.*C77+
M1W*H7P$9R[*0J[6"D$]C\PXJ5=)LU8D1MUX&\X7KPHSP/F/`_H*;'HUE'&4\
MMF!#!MS$YR5)S_WR*`#^V;+`)D<`G',;=,9W=/NXYSTITNJ00W4ENZR[T5#Q
M&S;MV[`7`Y/RDFD72+-592C,"I7YG)(4C&T<],=JDGL(+B4ROO63`&Y'*D8S
MC!'^\P_&@!)M2M+>*&667;%-C8^#MYZ<]NM01ZW:NSAQ(@5]HW1MR-JG<1C@
M?,.3Q4L^E6=PD*21G9"H54#$#`P<$=QP*8-&LQR1*Q)RQ,K$L,`8//(^5>/;
MZT`":S:27$,,?FLTKE`?+(`P&.3GM\I&?6GMJMHEPT#.P=6VM^[;`/'?&.-R
M\^XIEKI$%ML8L\DJ-N#LQR/O<#T'S'BII-.M96D+QY,F=WS'G.W/_H"_E0!"
M-9LST=L[BFS8V[<-O&W&<_,*;+KEI'$TB>9*``<)&Q)R`>..>&!/I35T*U61
M2K2!5R1\YW!CM`8-GC`0#\ZG.DV?DF(1$+@CACQ\H7\\**`'KJ%JZLRRY52J
MDX/!8X`_.J\FN64:J099-[(J[(F.2Q&.WHP./2GQ:5`+.ZMY@)%NG=Y<97);
MTYX[=Z5])M))-Y1@>"`'("D8`8#H#@`9H`/[7LUDD1I<%,[CM..">,XP3P>*
M1]5B\NW>))'$UQY'*,"A&<Y&.,;32RZ5;21R*J`,Y+9))`8AN<9_VC2VNFQP
M6\<<C&9DE:7>Q/+'.>_N>N:`"'5;2=XTC=RTC84>6PSQG/3I@=>E0QZU;O-$
MA22-9/,`:12,%7V<\<`D\$U8M],M;9U>-6W)]TLY;`Q@`9[`=J/[-M<Y,>?F
M+<L>[A__`$(9H`8FL6$EJ]PEPIC1@I(ZY.,<>^1CUS42:]8-+M:=%!(V-GA@
M5!!]ADX^HJ==+M5M#:A6\HD%07/RXQC'IC`IO]DVAE$I1B^-K,6/SC`&&]1P
M/\F@!BZU:,T@/F(L:HQ>2-D!#$@8R/;]:>NK6;/&F]U=SC#1L-IR!SD<?>7K
MUR*/[)M"A1U>12JJ0[ELA22!^&33DTNU4Y*N[9!+/(2Q(*D9)//*K^5`$5]K
M-O9),`KR2QC[JHV">.,@=<$''I4MWJ,5I-'$59G=E!`!PH8XR3C`Z'KUQ1+I
MEK-,\KHQ+\E=YVYP!G'3.`!FG3Z?;W%PDT@;>N/NN0&QDC('7&3^=`$`US3R
M45K@*6.`6!`_,CIDXSZT)K5J[R+MG&Q48%H6&_>2`%&,D_*:>-(LU,>V,C8"
MN`QY!Z@^HH_LFV"XS+G"@,9#N&TDK@]>,G\#0`1ZO9RSI#'([N^-N(VQT!ZX
M]",^F>:O52&E6BB-55U6-PX4.<%@``3SSC:/\DU<`P`/3UH`6BBB@`HHHH`*
M***`"LG7-:;2%M(X+*2]O+R;R8($=4W$*SDEFX`"J36M7/\`B:SU"2XTC4-.
MM%NY-/NFE>W,HC+JT3QG#'C(W@\^AH`FT379M2N[RQO=.EL+VU6.1XGE60,C
M[MK!EXZHPQ[>];5<WH%MJDNO:IJ^I6"V(N8;>".'SUE;]V9"6)7@9\S`'M72
M4`%<_J7B&\@UB33-+T>749X84FG(G2)8PY8*,MU)V-TZ8]ZZ"N5O8M9TOQ7>
M:E8:2-1M[RU@B(6Y2)HVC:0G.[J")!T]#0!M:)JR:WI,5\D,D!9GC>*3!*.C
M%&7(X.&4\CK6A6+X4T^[TWP_'!?(D=R\T\[QHVX(9)7DVY[X#8S6U0`5R%QX
MVN8K:[U*/0;F71[661)+P3Q@[8V*NPC)W$`JW'4XKKZ\\N=+\1KX:U3PS#HL
M<L=U)<A+[[8@0)-*SABGWN`_(]O>@#T,'(R*#T-(HPH'H*4]#0!YUX%_Y*5\
M0/\`KYMO_0&KT6O.O`O_`"4KX@?]?-M_Z`U>BT`%%%%`!1110!Y=XV_Y+)X%
M_P"VW\J]1'05Y=XV_P"2R>!/^VW\J]1'2@`HHJI:74DUS<P2*H,1&"`1D'/8
M_3KT/X4`6Z**S]7U1-*@CD;82SXPS;?E`RQ^N`>.YQ0!H45FR:U!'+)'Y4S%
M6"*5"XD;Y>%Y_P!L<G`ZTAUN#<56"=F'4!1G(SN'7MM.?PQG-`&G166=>L\*
MRB1E+*I8`?*2<#/.??C/!%.750EI%++$S.X=BL8SM53R>3T''YT`:5%9<>L!
M-&34;F)E#%B47:2%R<=^>!V_*K$.HQ3S2Q!)%*;L%@`'"G!(Y]?7%`%RBLI=
M>MY`FR"=BS%<`+P=RJ!G..2RXQZ]J%\06DC,L<<\C+@85!]XE1MZ\'+#KQ[T
M`:M%9$VNQH(WBAEDB)(=@!P=A;:!GKT]O>GR:]:Q*?,CF5@VT)M&6(+`XYQP
M4;\N,Y&0#4HK+36HY98DBMYF\R41Y;"X'S#=@G.,H1CK[4FH:R+5)UA@>21#
ML4\;2^`<=1T!SVZ'G-`&K16;>:G);7/D):O(0(CN!&&W/MP,D<\9YXIUOK-K
M=3&*(2-A-^[9QT#8^N&%`&A16;%J$PMHKB:$,+C!ABAY;E2V#G`Z"D37+9W`
M6.8H<'S-HVXPN3USQO7MW]C0!IT5E_V[;B.-WBF3>4P&"YVL<*V,].OOQTIP
MUNVQ\R3(2<*"HRW)`Q@]RK8^E`&E156&[:29K9XBDZ1AFY^0DCL>I'OC'XUG
MG6)HA(9(XV6`;Y'0G#KG'RY]\]>./?@`VJ*PI_$!MH,RQQ"5A&Z+YF!L8\Y)
M[@`_7CUK1FOU@FG5T)6)(V&WDL78@`#Z@?G0!<HK+;7;5&8/',NWALJ/E;+`
M+UZY4^WOS1/JI:PFDMT"7$:NWDSCGY#@_=/ZYH`U**R(]?MS&2R2NRDJS(GR
MG`8DC)Z?(W'7IQS5JUU..ZF,(BEC?!.)`.V,C@GIN7\_K0!=HK)M]>BEA5G@
ME$C!<*`#O8[<A>>V]>N/T-/.N6_FR1+%.\B.$*JHY8D`C.<<$CJ?7&<4`:=%
M9,>OV[CS'1XXC*45VP01M#;O8?-CGFI[?5X+J66*))=\:ECN7`R,9'L1D=?P
MSB@"_16##X@=+5+B[MRL9A,I*`@D?+R`V#@9(]\<5HIJ<<C3JD4FZ(,0"`/,
MV\''/KQSB@"[16?::M'=&%3#+&TH'7!`8H'VY!Z@'Z<=:B77[5YA$D<[%G\M
M"%&';)&`2?\`98\]E/MD`U:*QXO$5L\*L\$ZR>2LC1@!MI(!"Y!QG!'/3WS4
MIU=7NH(8HG)>7RY2P&(SAN#SURO;(]Z`-.BLM]:2.XEC-O*R1]9%P!G>5QR>
M`-N<GBG7>LQ65S)%-#+A0A5EP=Y;><`9[!">:`-*BLU];@09\BX*Y89V@<*5
M!/)SC+`>OM276K^5%&T=NS;TF)+$#RVC!R",\\@CC-`&G168-9B"QAH)A*PY
M0`?*V5`7KC)+C^N,4Y=:M63<%ESO,>TKSO`'R]>N6`^M`&C169;ZPLUZ(3!(
MB,H"LP'#[G!4\_\`3,]./?I4)UUEE>$VX\T7:P*-W5"V"_3M\W'J!ZT`;-%9
ML6MVLURUN%D$H<(`0#D\="">QS]*;>:E/:32*8TD7Y0FP,2I9@H#8!SG)/`[
M>]`&I15:"=Y[`2JT9D*GG!"@CCD'D8(Y%45U6X*C]S'\NT,22-V]RB,OMQGG
ML:`->BL9M;:(VL4B1&6:81YW[04SMW@'GDD`#O6S0`4444`%%%%`!1110`44
M44`%%%%`!1110`445C:_JUUIS:?:Z?;0SWM_<&"(3RF.-<(SL6(!/1#C`ZD4
M`;-%86B:OJ%UJ=_I>JVEM#=VB13;K69I(W23<!]Y5((*-GCTK=H`***YV_UC
M6)=>FTK1K*RD:VMXYIY;RX:,?O"P4*%5B?N-G..HH`Z*BLOP]JSZUHT5[+`(
M)M\D4L:ON`>-V1L'`R,J<<#BM2@`HHKBKCQ9K::9?:[#I=BVCV<DRL'NG%PZ
M1.4<A0A7)*L0-WIDB@#M:#T-(#D`^M*>AH`\Z\"_\E*^('_7S;?^@-7HM>=>
M!?\`DI7Q`_Z^;;_T!J]%H`****`"BBB@#R[QM_R63P+Q_P`]OY5Z@.@KR_QM
M_P`ED\"_]MOY5ZB.@H`*@M[."V!$,87)R>2?YU/10`4QHD9P[("P4J"1V.,C
M]!^5/HH`SFT2R82@QD"5E)P<8QMP!Z#Y%_*IVTVR>+RFMHRG'!'H,?R)'XGU
MJU10!5?3;.1MS6T>2_F$@8RW')]?NK^0]*=)8VLL:1R01LB'*@C@'O5BB@"O
M+8VL]N()($:($D+C@9SG\\G\S3Q:P`D^2G(8'Y>H8Y(_&I:*`*T>GVD2@)`@
MP<C/)SD'.3[J/R%"V%JC[E@0'CH..#D''3.0.?:K-%`%0Z99-('-M&648''3
M\/QI[V%JX(:!>3DD<'.2<Y'N2?Q-6**`(!96P((@0$$$8&,$$G^9/YFD>QM9
M)FF>!&D889B.O3_`?D*L44`1/;0R2"1XE9QC!(]#D?KS38K.W@D\R*)4;:%^
M7@8''3Z`"IZ*`*G]EV1C=/LZ;'(8KV!'IZ=3T]:D^Q6HZ01C_@/T_P#B5_(5
M/10!0BT:PAACB$`81X(9CDG&.OY`XZ<4^33;:26%]@7RG#A0!@D9QGZ%B?QJ
MY10!!]CM_/>;RE,CKM9CUQZ>W0?D*CBTVSA6)4@4"(YCR2=OY_0?E5NB@"M_
M9]IY3Q?9XRCG<RE<@FEFL;:>4R2Q*S,GEMGNOH1^)JQ10!4?3;5H#$L**,8!
MV@D=>>?]YOS-+;6$%M9&U`WQMN+[^=Q8DG/YU:HH`K_8+4LY,"'>26!Y&2"#
MQVSDY^IIZV\*2>8L2A^?F`YYQG_T$?D*EHH`JG3K,QF/[-%M(QC;]/\`XE?R
M%.6QME?>(AGY3SD\CH?KP.>O%6**`*ITVR:,QM:Q%#U4KQT`_D!^52"UA662
M41@/(,/[_A4U%`%6;3K.XC2.6W1E1=BC'1>F/ICBI5MX4;<L2AN1G'J<G\S4
MM%`%>*PM8)5EC@175=@8#D#&/Y`#Z"FG3;,S>:;==^=P//!R&R/3D`U:HH`K
M#3[0'(@4#;MQVQVX]NWI2_8+7STG\A/,0EE;T)SS]?F/YFK%%`%:73K28$20
M(0<Y[9R<G/KS_.EFLK:<DR1*20!D<'`SCD=,9/YFK%%`$!L[8@@PH<Y[>I!/
MYD#\J5[2W=0K0H0"Q`QW;.[\\G\ZFHH`KO8VL@8/`AW#!X^G_P`2/R%12:39
MLOR0I&XC\M651\H]@>.U7:*`*EKIMK:Q1HD8)3D.PYSECG\V;\S4GV*U\SS/
ML\>_KNV\_>#?^A`'ZU/10!132;2*ZBGCC"F,EE4#C<1MSZ\+D`=,&I#IMHSS
M,81F8YDY/)XYZ]>!S[5:HH`JC3[40RP^4/+E78ZDG!7&,?J?S-#:;:/&J/"&
M50RC<2>#U'ZU:HH`K)86J11QB%2L;!D#?-M(.0035@`*`!T%+10`4444`%%%
M%`!1110`4444`%%%%`!1110`5A^(M,U"]ETN\TQK8W6GW)F$=RS*D@:-XR-R
M@D'#YZ'I6Y10!S^A:9JL6LZCJNK?8TFNHH84AM'9U58]YR68`DDN>,<8[UT%
M%%`!7-7NFZY:^);G5-(73IX[JVAAECNY7C*&-G(*E5;((?OC&*Z6B@#(\,Z7
M<:/H<=I=R1/<F66:4Q9V!I)&D(7/.!NQD^E:]%%`!7"7'AKQ*="U'P]`=).G
MWDEQBY>602HDTC.?D"X)&XC[V#@=*[NB@!`,#%*>AHH/0T`>=>!?^2E?$#_K
MYMO_`$!J]%KSKP+_`,E*^('_`%\VW_H#5Z+0`4444`%%%%`'EWC;_DLG@7_M
MM_*O41TKR[QM_P`ED\"_]MOY5Z@.@H`6LS2]4_M"ZO4^4)$ZA``0P4C^+/?(
M/X5ITW8N[=M&>N:`'5EZQ?SV36_D8.]FW97/`&>>>!ZGG%:E(R*_WE![<B@#
M%DUYA<-&D"E$=@[[^J;)&!7CDYC(]/>DM-9G=566%3/+(0BAP%`WN!DXXX3W
MR:UQ:VZEB((@6;<V$')]?K2O;PR(4>&-E/52H(/>@#';7W-XT*0*8T#LTGF=
M0%8@KQ@\J1Z>YIZZ]YFT1VI9GQLS(!D98'/]T_*>/_KXU%MH%+$01@L=S$(.
M3TR?P)_.E6"%69EB0,QR2%')]:`*$^L1QF`I$S++&LF2<$*S!1@=SDCC_P"L
M#7?4[V+1[&X9(C+/&S2'=G81&SC'`SRH'TK8,,3%"T:$Q_<)4?+]/2@Q1LJJ
M44JO0$<"@#+BUIFG@MWM7,S8$NPY5.@R#CG[P)Z4LNM".[EMTA#LK*J-OPI)
M<(<G'&"1TS^?%:36\+LK-%&S*=RDJ"0?4>]136%I<;O-MXVWLK-\H^;'(SZ_
MC0!G?\)"NTO]F.SA1\XSN*AN1V'/WJ4Z\%;'V<G:&,F'&%"E]Q!_B^YQT_#F
MM%+&UCEDD6"/?(`&.T<C`&/I@#BI!!$JA5B0*!M`"C&/3Z4`9*:U<9V/:(9-
M[(=LO`/FM&O;OMY]/>B+Q!]H!,-G(5+*B,YV@L2HP3CC[V>,\#Z9UQ%&"2$4
M$G)X'7UIJVT"R&188PY`&X*,X'09H`SX-8,EI>7;P@0PA6CVMEF4QJW/8?>Q
MZ4EMJ4]Q?3H8T2.&$DC?G+AB#SCD<=?KQZ:8BC4$"-`"`#@=0.U$<,42A8XT
M10,`*H`QZ4`8EKK-RMG%)=PY+P^=N&%.WY!]WGNQ[]!ZFI'UYE6(K922>8GF
M@1MGY,X!Z8SSR,\>IK8,:$`;%P!@<=!4?V2V!!^SQ9#%P=@X8]3]?>@#(;Q-
M`8)9886<1@N06QN3!*D8!SE0S#V!SBG_`-N2(P62T9B9)0!$<_(C`9Z=?F!Q
M^M:C6MNZ;'@B9./E9`1QT_*E:W@<@O#&Q#;AE0?FZ9^M`&0NNR(9)9X,0^4C
MJ%8$ABA?;^0Z_P!.:E&N`L\9MF,R/Y>Q7&&;#G"DXS]S]?8UJ>5'C&Q<>F/;
M'\J9]CMMJK]GBVHI51L&`#U`^M`&2?$!=6$5OG:JAI>2B,<=>!P.<]#D$8XS
M4USJITU=LY^T%5\R1T&T[=P'RKSN.3T'\R`=$6MN&5A!$"J[`0@X7T^GM2+:
M6Z+&%@B41G*`(!M/J/2@#,_M_D`VPR`7?$H("A5;@_Q'#CC]>A(FO/+&&BL)
M6W%M@+;=R@$]QUXQC]:T/L%IYD;_`&>+,9)3Y1A2<$D#UX'-/-K;D2`V\6),
M[QL'S9ZY]:`*HU`R&W,9C*3022Y!W<KMQ@\9ZGM5>VO[RYU"W151H6MHY9"%
MX!8-GG/J!@8]>:U&MX7\O=#&?+^YE0=OT]*(8(;==L,21KZ(H'\J`,QM<5;U
M[?R1M1P#*9,*%+%<].NX8XR,]2*;=:K<V]Q*/)C,<5QLX?ED\DR$].#FM/[)
M;&7S#;Q;]V[=L&<^N?6GF*,DDQJ2>I(Z]OZF@#-363+'>O':R8@1V5B.'*Y&
M/S';/%$NI/91(9)([DN&DW)A%"J`3CDY//`[_K6DL,22-(L:*[XW,%`)QTR:
M8+2V"[1;Q!=V_`08W>OU]Z`,Q=?R-SVI5"I8?."2,.5XQQGRV^G'OAO_``D*
MK($>W^;!W;9-V/W9<<XQR`1VYSUQFM:2WBDC:-HUVLI4X&.#G_$_G34LK6,(
M$MX@$!5<(.`>N/K0!136#+(EJ(?+NI,A06W*"!D^F0`5_.I!J9$5T9$"O`P4
MJ&!)!.`V.P/..3^>0+7V2+[6MSM_>*I5?0`XSQZ\#GVIZP0H'"1(N]MS84#<
M?4^IH`QI]>D^PR/%;JD_E&4;Y!M"[00<XZ\CCZ\U(-=9B0EH_,K1H9&V`[0^
M>2.OR'CGJ.>N-1[:"10LD,;*""`R`C(Z5'+I]I,X:2VB8[]YRHY;!&3Z\$]:
M`,N/Q&)K<3QV4HC8DJ7.W*A68YR.HV'CW'/7!+KSI<_)!NB92L:@Y9FW[<D`
M9`Z^O45L"W@#.PAC#/RQVC+<8Y]:1K2V8R%K>)C(,/E!\P]_6@#+;7)#-'''
M:;2\R1_O'P0#LW9`Z$;QQ['IWEO-9-K=-`MJ\I!505/4E2Q&`#V'X^W6M'R(
ML8\I,>FT>W^`_*B2"&92LL2."02&4'ITH`RO[=)SLM68G!C4.,MDN,'/0Y0^
MOY\4R/7W:3'V7S5>0+&87+978C$].N6X''0],5HIIEHCSN8A(9_]9Y@W9'/'
M/;DU,UK;N`&@C(!!&4'4=/RH`R3XAP6S9RE0NXL#D`$L%.<8P=OX>_-2QZI.
MMH'>*-YGNWMU428489@/FQ[>GX5HM;0,P9H8RR@@$J,@'J*9)86DD,<+6\?E
M1MN6/:-H//;IWH`S)=>#P*;>/$C%2HD8#(W1`_3B7K2)KK&5E,6YGF,4:;@`
M"`F<MZ98X/TXYK7:UMW+%X(F++M;*`Y'H?:@VT#1^688RF-NTJ,8XXQ^`_*@
M"E?:PEA/&DD18,A9MAR5^5F'&,<[3WIG]L.-X:W7<A13B4$;G(V\X^[@CYOP
M&:T3!"9$D,2%T&%;:,@>@/:F"SM0,"VA`VE<!!T/)'TH`SCK\2V[2^2VX*3M
MW#DA'8X/<?(1GW%-?6Y$DD+P`1QH-VU\G?O92.0./EZ_I6K]F@+*WDQY5=JG
M:.!Z#VIQAB)R8T)YZJ.]`&6-;.Y$-MA]Z+(/,'R[F51CCYOO`]J;-JL]M<WH
MDB#I&VV)5<<X16.<CCEO?_'0GL+>XFBED3)B;<H[9XP<>O`_*IS&C$DHISSR
M*`,S^V2+GRWML)YA3?OST<)G&/[S#\,_2M6F&*,]47\O?/\`.G@`#`X%`!11
M10`4444`%%%%`!1110`5A^(M1O[6;2['36MX[G4+DPB:X0NL86-Y"=H(+$A,
M=1US6Y6-KVCW.IM87%C>1VMY8W!GB>6'S4;*,A#*&4]'/0CF@"#0]0U1]:U+
M2=5DM9Y;6*"=)[:)H@RR;QM*EFY!C/.><]!BN@K#T31KZRU*^U+4KZ&ZN[I(
MHL06YB1$CW8X+,227;)SZ5N4`%<U>7VMWOB6YTK2KBQM([2VAFDDN+=IS(9&
M<``!UP`(SZYSVQ72USU]HFJC7IM5TC4K6W:XMXX9HKJU:8'RV8J5*NI'WR#U
M[4`6O#.IW&KZ%%=7:1+<K++!+Y6=K-'(T98`\@';G'.,]36O69X?TEM$T:*R
MDN/M$H>26279L#.[L[$#)P,L<#)XK3H`*X2X\0^(QH.H^(X9M-6QLY;@K9/;
M.TCI#(R$&7>`"VTG.TXSWKNZXNX\'ZO)IE]HL.M6J:3=R3,RM8EIE25R[J'\
MP+G+,`2OYT`=F#D`^M*>AI`,`#TI3TH`\Z\"_P#)2OB!_P!?-M_Z`U>BUYUX
M%_Y*5\0/^OFV_P#0&KT6@`HHHH`****`/+O&W_)9/`G_`&V_E7J(Z5Y=XV_Y
M+)X%_P"VW\J]0'04`+1167I$KGSTEE:5@_\`K-Q*GD\`$#!`'(^G-`&I1169
MK$UZD<4=A'(\I)<[,?=7G!)(')P/7!/I0!IT5S\VNSK+/L$0C1U4%HVS&#Y?
MS-SS]\\#'3ZT]]6OE0OY4:IP`YB<AN&.<`YPV%QZ9[\`@&[16"^LWJ%=UIL8
M2K&4*$[N1G!SV5E]>=WI4KWMY:V-N=I9VW[FD1F)(/RKQT)['V[T`;-%89OK
MVR\/1W#CS;LEB0T9Y/S'&,\=`!SZ8'05;@O;IIIA+"`@$C1[4;("G&#ZDYSQ
MC\:`-&BN<_M>^N88E"K$S3*JL(V_>#>H(&#QP>>O&:E.LWAC6;[-Y8;;\C(Q
M8\L"`.,G(X]CGGH0#>HK#BU34)@-D$9."S$HR@$(3LY/4'`STYZ5.=3N6L;2
MYBMBWVIL(N#E0W*%O3CK[F@#5HKGUU747*2)"&15<M&(F!=]A81Y/0@C&>^>
MU6!J=T=,CN&6)6:0H9`K,JK@\E1SU`&,]3^%`&Q169I][>7+XN+<1;U8J-I!
M3!`P?7.<]NE4(+_5(K<SNGVES"F4$97]YY;,Q'/`RN,>O?M0!T5%90U&X^R6
MLKB)/-D*O*`60#G!P#QG`[X&>IXS6_M;4&0[+=21RP\M_DPKDH>>6^51D<?-
MTZ9`-ZBL)]7O8[KR/)C>15!$81@9<D?=.<#`/?/0TEOJVH3*':"':`,@!LDD
MD>^W;W')^G2@#>HKFI];U!X8Q;A1(T99F^SL0N,G(&[E<#&?<?2K,NJWL=Q+
M&MN"%9@BE&)<#=\P/0`8'Y\=1D`W**RVO[N.R+O&BR+*(WDV-L`(!+[<YP,X
MZ_C5>.XU)],U*ZSY<^P-`K1DA/W:GH3SR3Z'L:`-RBL%]0U"UCG/EB56E8H[
M`XC3?C)YY'.1TX_.K$UQ(TUL;F1[>)X@P\HG!D)'RYQ^0[\T`:U%8@U._DF>
M-(8P1)M.Z-CY?+<'GDD*#D<<_3,?]M7JS11O`@=DW[-C9?.P[5YX(WD9Y^[T
M'8`WZ*PH-7OI@6$"%$=LGRV&]1Y>,<G!^<^OW3[X?_:-T;&:]PL9B<P[&!*D
MA@&..IY#`<@'CF@#:HK+NM0NH9%9(<PB)6;]TQ;+$C@>V,D=?I5:#4]1N(XV
M6*)03M),;$$F0J&&#TP`>ISGKWH`W:*Y^/6[YRWF6T=NORY+@DQ@X^8CC(/X
M8]^<2?VC>V]CIG[M6:6$&62;(^;"\>H/)/X8H`W**YW^W-1VHRV2DD-\A!4D
MC&%'N1\WT..Q-33ZI=^2(X/+>66(F*5(FP6VOGY2>Q51@GO0!N45A2:K?1*P
MCM#.Q4NK!6`(506^F=PP/K4LNIW:Z;#.(XMSLP+JK.N!G'`YRV`.^,]^,@&Q
M17.B;4TD\]RS`&=C#L8?Q(%7.<<`GV/)]ZF75[TR6Z^3$RR9WG#+M;/*<\[@
M.>G/H.M`&Y16)%J5Z]M=B14\^.V$BB.-@`Q3."2>N3T]/Q`GL;Z674)+3_60
M1Q`K*0<D\#DYYSG.>*`-2BL>^,MD("UU/-AV;8HP[Y;(`VCYL#C;W'>H[/6;
MN>6*)K=6,C/M95(!5.2>IZ[E`YZYH`W**Q6U._:X>)+=$;<%VLC-Y8+*`Q(.
M""&)X]/KA+F?4;N&T6")X7=_F<-@?=?KP3@$`X[],T`;=%8(UJZ^T/%Y*N/.
M6%&V,OS-N`R,GIMY^HZ5+?W-];W4L<"22*RB=<*2`%&"N?<A>.OS'%`&S17.
MC5M14W$FR.2,;!&PB*KMW,&DY.2.!QVZYQ5Z9KA8[>Z,[AY6@'D`@J"3\V#C
M)X8]?[HZ4`:E%("&4$<@\BEH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
MY_Q+=WZ7.CZ=87GV-[^[:)[A8U=D58GD^4,",DH!R#P30!T%%<YH-QJ4.OZK
MI%_J#7ZV\-O/'-)$D;CS/,!4[``0/+!'&>3UKHZ`"BBN6NWU;5/%=YIMIK$F
MFV]G:P2_N8(W:1I&D!R74X`$8QCU-`'4T5B^$[^ZU+P_'->R++<I-/`\BKMW
M^7*\8;`X!(4$XXR:VJ`"BBO/+G4O$+>&-4\3QZXT8M);EH[$6T1B*PRL@4L1
MOY"<G<.3QB@#T.@]#2`Y`/K0>AH`\[\"_P#)2OB!_P!?-M_Z`U>BUYUX%_Y*
M5\0/^OFV_P#0&KT6@`HHHH`****`/+O&W_)9/`G_`&V_E7J(Z5Y=XV_Y+)X%
M_P"VW\J]0'04`+1110`4444`,,49!!C3EMQ^7J>.?KP/RI]%%`!1110`4444
M`%%%%`#9(TEC:.10R,,,I'!%*JA5"J``.`!2T4`%%%%`!1110`4444`-V*'+
M[1N(QNQSBG444`%%%%`!1110`4444`%-V+O#[1O`QNQSCTIU%`!3(HHX(UCB
M141>BJ,`4^B@`HHHH`****`"BBB@`HHHH`****`"D`"J%4``#``[4M%`!3/*
MC\[SMB^9MV[\<XSG%/HH`****`&-%&[H[HK.A)0D<KGCBGT44`%(5!()`.#D
M9[4M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`5E:WHO\`;"VCQWD]
ME=6<WG07$(5BI*LA!#`@@JQ'(K5HH`QM%T%]+N[R]N=2N-0O+I8T>69$3")N
MVJ%0`?Q,<]>:V:**`"L'4?#L]QJ\FIZ=K-WIMQ+"D,PBCCD60(6*G#J<$;VZ
M=<UO44`9^BZ3%HFE16$4TLP1G=I9<;G=V+LQP`.68G`&*T***`"N1N/!#S6]
MWIZ:]?Q:3=22/)9+'$1B1B[J'*;@"2>^1FNNHH``,#%!Z&B@]#0!YUX%_P"2
ME?$#_KYMO_0&KT6O.O`O_)2OB!_U\VW_`*`U>BT`%%%%`!1110!Y=XV_Y+)X
M%_[;?RKU$=*\N\;?\ED\"_\`;;^5>H#H*`%KR>#X@Z^+>!)DMQ,]M/<><(B4
M\KSXXUD(!_Y9@R;ESSM!X!KUBFA$&,*!@8Z4`>?_`-OZS/-;1VVJQ26_]L#3
MA=QVZ%;B,Q>86';<I!3(X.#Q5[P;XFN]6L8);V>"6:XN7B96DCCV8#G"*I+,
M<(,AL'&3T%=DL:*H554*O0`<"D6*-"2J*"3G@`<T`8MQ>WEG<3/YWG(EP5\M
M@JX00F0\@9SGI5B'63*+QOLS*ENC,"7&6VYX(ZC.,CV-:F!Z4UX8W61612)%
MVOQU'I0!CC7G('[B'H,N)ODY*`8..GS\GMCO31XAW!_]'!V*'_=R;MWS!<+Q
MR><_0H?XN-I8HTC$:HH0#&W'&*4(@.0JY]<?Y]!0!DV>MM=3V\;P)$)LX)E!
M).,@`#GIZXZ&H7\1%9)U2V600[F)23JH#=!CKE>E;:Q1JVY44'GD#UZTH1%)
MVJHR<G`ZF@#+N-8:WT@7K0H&RPV&08.W)."/92><4S^VWEN8(88XU)E59=[\
MJI+@<`=3L!Y]:UO*CV!/+78.BXX%+L7).T9)!/'7%`&%;Z],MO`MQ#&9C&LC
M'S,;P0N`O'+<_=_6I&UN0&,"&(/(0%22;:""[+P=O7"Y-;113C*@XY''2D:*
M-P`R*P'(R,T`<]+XBF>%O+MQ"205:5P.-P7&.?FYZ?K5Z[U.:UOI82D'E[8_
M+9Y"@!;?G<<<#Y`![FM+RH\Y\M<YW9QW]?K2LB/G<JG/'(H`S)M:$2P'[,Y\
MZ`SJ,\X`RP_#Y?\`OJJK:].LC'R8&C5<9CEW`MN0`AL`;0'Y],5OXYSWIOEI
MMV[%Q@C&/7K0!3.H`Z;]IV[7`4O&'!*DXX)&1WS51]7N&TJXN(X(TGC5'"LY
M*[6P>3CTSVK76-$SL15W')P,9XQ_("E*J000,$8(Q0!B/K4]L)A+`)#YS+$0
MV!M#[?FXXQD>M6K+4WNY2OD%5",[98%@0Q`4`<'H>_YUHLBLI5E!!Z@CK0`!
MT`%`'/QZ_,7F<I$5"JRKYHPH(7.XXSGYLXY/'&<U,=?;[*+E+='0[VPDN6"J
M,\C'!]O2MCRH]I7RTP3DC:*<$4,6"@$]3CK0!@G7IT,CRVRB-50J$D!))\S)
M)QC;\@]QSFK$.M/),B&"/9N"O(DNX9+E1MXY&1R>._I6JL:(`%11@8&!THV)
MLV;1MQC&.,4`4+W55M3!Y:I(LJEPQDQN&0,+P=Q.[@4V'5B]O<2R1)&8EWCY
MR05)8#)QP<J>QZBM$1H%50BX7[HQT^E*54@@@8(P1B@##7Q"QC20VGR;<OB3
M)!W2`X&.0!&QZ^E3SZSY5G!<")<3(T@WR;1M`R`#CEB",#Z^E:,MO%-`T+K^
M[8;2%)7CTXI^Q<`;1A>@QTH`Q(]7N_.B:6-"A,BNB'D8F"+C(ZX/(XJ?3=8D
MU":-/LHC1HS)N,@/'&!@=^><XZ=ZU0JCH!Z]*14522J@9.3@=30!C?V\ZC=)
M;QHA&0WFD]2X7/R_[!SZ9'6HXM<NYV5DA@6,M"""Y+#=(Z/T&/X1CZUO%5((
M*@@\8Q2"-```BX`P..U`&&GB":6V65+-1E2_SS`8`V?K\^"#CH<9JQ<ZTL!L
M]JQR"X4-P^",]",@<?YQ6F8HRK+L7#<D8ZTK(K$%E!(Z$CI0!E-K++IL%TL,
M;L[,'59.%VJS-SCD_+CT]\5&^O.DZP?9E:4DJR+)SG:6&..00/S_`#K:"JJA
M0H"C@`#@4R2".52'7J"N0<$`]<$<B@#.EUG;I]M=QQQ[+AR(S+)L&W:S!LX[
MA>![U%_;K^8@-LJJSX`:3#$;@O`QRV3T^G/-:AM8&6%3$I6'F,8X7C'\C4I5
M202HR#D<=*`,*'Q&TLUO&+56,RJ^Z.4,H!(&,G'S#.2/2G1ZU,;F!9(1BZCC
M,2JV=K,6."<?W03_`,!-:\5M!#$D4<2*B8VC'3'>E:"-Y8Y67+1YV<G`R,=.
MG3/YT`9]QJQAFFC$<7[N18\O+MY(!W-QPO.,]SQ5>'7Y)2&^R*(^Y\SG`V9.
M,?\`308YY`S6T8T8DLBDD8.1V]*7`]!0!BMK,TNE7ERD/D-#@J78>N,'T(QS
MD57N]?N3'+%;6ZB51CS#(-OWB,J<?,.#SCKVZUT(1!NPJ_-RW'7ZT"-!MPB_
M*,#CH*`,IM:87#0I#&Q\SRU'F\C#A#N&.,YR/7VIL6LS7.F_:H[=$/G1+B1^
M-K,H/3."`QZ]Q6QM7).T9/4XI`B`$!5PQR1CJ:`,)==GAMT$MOYLS,2"K@`K
ME\9R``?D(QT]ZLW^M"RN?*$2R?NFDQOP00C-@\=PO7FM1D5QAE##T(S044MN
M*C=C&<<XH`RUUB0S*C6RX!V2$29PV\H,#'(R.O'7I4`\1K+)%''&F794.),E
M2R@CC'8G'KQ6Y@>@IOE1@@[%R,X..F>M`&6=4GCAL@(4E>:%'9F?;@L44<`'
MN_/M4'_"1L0^+)L+A<EP,,2!D]]OS=?;M6[@>@I#&A))122-IX[>E`&)#K=R
MZY:V02/.8HX_,X`PF-Q`/][M4\&M>==01>4B+(2IW288$(6)`QRO&,YZUJ*B
MJ,!0/H*B-G`UT+EDS*!@$DD#Z#H*`)Z***`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"@]#10>E`'G7@7_DI7Q`_Z^;;_P!`:O1:\Z\#
M?\E)^('_`%]6W_H#5Z+0`4444`%%%%`'EWC;_DLG@7_MM_*O41T%>7>-O^2R
M>!/^VW\J]1'2@`HH/2O/;?2->M=:1[)KQ$&LR@-<S2RQ"U^SG;E2_*[R<>^*
M`/0J*\DM;3QA%9I)<)JDUQ%)"R6SN^RX(#!E+AP8\$@@DE<]0:Z3Q+I6O:CX
MF=]/N;FUMHM/1EE25P/,$CEE500K,RX4[N@.1R*`.WHKR?2].\36L4,>KQZU
M-9[`\D=I</O\QH$"');=D.)0PW;0VTX`K5M[/Q&=6TDZ@NHO;);V\>J"*8@2
M3[&PZX/W5)_>;<`DKUVF@#T.BN1\)1:C;SWMGJTU]/.A:*"24$+]FC8I&Q.<
M%WY8GJ>,XXKG].L/%W]IV4=V=0,$DJ6<[F8[4CMF5Q-P>LN&4GOD9XH`].HK
MR2:R\:'3=&%R;Y@MG`+@0^9N4^<A<2;7R[;,YVD$C-:4EGXIB\0":W-\^G3:
ME8HT>YAY4211LTB@L2$)WJZG)S@\\Y`/2:*\RU70O%-U>ZM=V]W>0Q'4E2*$
M32?OH2T/.`P"HH$ARN&/S#ZQBQ\4I8I%*FKM>I;".R:.X)CBN1.^YI"3\T>W
MR]I?.4!'+=0#U&BO*;G1/%*Q)>R7-^(I-2E66VCDFD9HO-E*R,%<$*%V`*A&
M003TQ2ZII_BR/4=7NK<:FT$CRI;B&5\X`@*_*6P%P)<$`'=D$G-`'JM%<GHU
MGJ+^*[RYDFOET@(+FUAG#+^]ER)%.3G"[,A2,#S?88PH;3Q$=(U&*'^T$U>3
M4R;660RA(QYTA5G)8JT6S&551P0,$X(`/2:*\STZV\2+<Z@\$>I17']F(MB+
MTR.!.(B&RV[R\[_53GC&!4UPFIP1S-I=IKPBFTJ>U5)G=I%NVVE'.YN._P`X
M^4$'I0!Z-17EFIZ'KT%](T9U5HUN;0,4N)Y$,9A?SB%5P2-^W.,<XK03^V;'
M7;J]\K5?+AU!YI68NT3V0@&%1"3EB_W0!G.<^X!Z'17&^,-.UO4+NSATJ>\@
MBO87M[B2&79]GP5D5^#P3M9,C^]7/C_A*VFTW4Y[;58_-D%Q=VT;EO+'VF/Y
M-H;_`)YJ3@>I]:`/4J*Y32YM2<>(H)H+]9))Y9K-I5('EF)`H4GH=V?E['-<
M9I-CXH0:7]L75_($X,_F><PS]G0'*B3?_K-V23M)Y``S0!Z]17)^);/69-<L
MQIS71M+Y%MKHQ2;1;A9`YD'/!*>8F1SDKZ5BV^G>(+B9XITU-9O*NS?N;AA%
M*Q;,'DX;C&!C;C`R&Y-`'HU%>3RZ7XC@LYTC75C.V@Q>5^\F<_:RDGF8;?M5
M\E?O`]L8KJM,?5[#3M=N8;2\EMUPVF6ERQ:9F$8R/F.0I?H&.1ST&*`.NHKR
M_P"S>+;338;6>/4+BZL[OS8D$K.EXCJ"5>96!0JY?!/R@8!!&*UO%-MK<OB*
M1M-34-YL(ULY(9"L*7'G,6+\[<;<9R#D<#G%`'=45Y2FG>+O[6>Z?^TO(CF(
MPLS[BK2W.-J[MI7!AR""=N,8(J_IEMJ\>B:&NHPZM);(KF_2$S+/YWEIL+9<
MNRY\S)4X)VG&*`/1Z*\SU71M6AGNWLUU;[.=5@V?OYY/]&^S@O\`*)`Q'F$Y
MP0<^U7]"MM<3Q('9-12(7UT;IKB1O)>W(/DA%8GG.W&.@#9ZC(!WM%>;ZM:>
M)6NM1^S)JGVTSW++*DQ$#6AA<1H@W8#[MF.-VX$DXK8\%?VE8&YTO55NVN"_
MGQNY9XA'LC&`S$D$L6RI)Y#8P,4`=A17!^$=-U[^V(;G53=B*&Q1=MQ*YS(9
M)\X`?:3M*9W`\;<8Q6++8>.(V>.WDOW69]1F1C+AHB7*I'DG&"H#1D]"QZ8%
M`'JU%<(UOK1\,>*5L(M3BBDB(TN*>5C<*WEX;!+%@"W3)SG)Z$5C:O8^*94G
M&EIJT=B[2"V1YG\U`8XP=V6W!2^[:"<CYNF10!ZI17FNBV/B.W\16Z7GVXI#
M%,B&1II(/,\Z4I@A_N["F"^XXXZBI4TN_N]'TT/#KB:HMW:C46DN94#@O^^*
M[7VE>OW>`,8H`]%HKR]K'Q0L,ZLFKM<8D73&CG.V*7[5*<S?-ROE^5C=D;01
MUX-[0;/Q3;>)K'[:UY)I\ES?SNSR']T"[*B,,\H0%9/3)'I0!Z%17GVCP>(8
M/$=E)/'?W$;37"2QSLZI!'YTQ216W;6RI0;&!.-I!&#4>OIXE&J:I]GM+R:6
M4RQVTD,CB..`VYVLFU@H<2`@A@22P(P`*`/1:*\NU'3_`!8;'4+6'^TC'!!]
MHMY%F.^1Y?+S&,')\O$W&?XEQ2ZM8^*0T\^E-?M;_8K2`0[I$R3*Y>10[%@Z
M@+G))*L?04`>H45R?B635-0T2PU#0XKQ9C+@Q<HWER*T>Y@?[I97YZ;:Y*\T
MWQ@NCS1Q'56GMGELHF6=MTT<=O,$F/S<EW=.>N5&>E`'K-%<QIE[>R>++IY;
M745LKFT@$!EB8(CJ9=^1_"3\GUXKB7L?%?F7N4U?RS>*7P\I&S[6YZ!]S#RM
MO^KVC;P<G&`#UVBN3\1Q:S#I.F7NBK<2W<*F)K=25#"2,H&8,2?D?8W))`#<
MUE#2M<AUA+3=JDKI>1(ET;AO(:Q$2JX;YOOD[^V[<00<<@`]!HKS2UTG6+6]
MT5G75/*^T7OVC?+/*,"<"#<!)P/+!P3D8Z@UH^"(-;@,+7JW\5NNFHMV+Z0L
M6N]W+)N)(&W.2,`Y7'0T`=U17E=DM];:!H@U&ZO+A&AE>^BM+UOM`F**(]Q,
MF>,/G!"[BI(`R:E\-CQ`/%5E/J5\\R,5BF$=UN#-]D3G:&*E/,#Y(4'?WP:`
M/3Z*\W:V\0LNNVL<6HFXOM1:*.3?(GE6QD)+K(6*CY`0NU006%22?\)!<65I
M_;%GJ8$>GR0[;%V!^V*Q7S&V$$AE"E3R.6S@XH`]$HKA=$MO$\9;^TGE<_V!
M"B;=P`N/FW!LL<R=,MQVK(L;/Q.(=.,,>K);A+87"W$S%S.(9O-;EB=F3'G/
M!;!`[T`>HT5Y)H6F>*+76-)35!JC6X5))27FDCR8X>N'W!]PEW;B5!YQ@UJ7
MFGZM=:!J*RPZP/$"R,WF13RK$X\X8\O:P7'ED8&,XSGG-`'H]%>>7FGZ]#JL
M\=JNIF9;L&VE6=C;BR$6"ARW+[MW4;MQ4YQR-'X?6>M6-C<PZT;LS,L$B&:1
MG7!A7=@L20V\-N&<9P0!F@#LJ***`"BBB@`HHHH`****`"BBB@`H/0T4AZ&@
M#SOP+_R4KX@?]?-M_P"@-7HM>=>!?^2E?$#_`*^;;_T!J]%H`****`"BBB@#
MR[QM_P`ED\"\?\]OY5Z@.@KR_P`;?\ED\"_]MOY5ZB.@H`#7DL%EXYCMX(&.
MI2)]FGF9_-Q(-]Q'NBR3]\1JY0GH'QD8KUJB@#R^:W\56^HQ7^F6^J26-I)<
M3VMG/,=TJ;85$;[FSR3,R!CD8[55_L3QD$MK$7NJAEN'1[OS2W'VM"'()Y79
MN./[N17K5%`'ENE6_BF76WN-4@OXM\=R4C#2/&LADDVA2&"@8V[2P(QCO6SI
M7]MV?PW\N*WNI=:>-8MLPD5UE955G8R,W"DDD@XXX%=SBC%`'D]U9^-H[4I`
MFI>;I^GW=N%,^\7>741G=GF4(V0W7<C>M:_ANUU^/6X&F744"W5P;Q[F0F)X
M"O[H*&)&[=@@KC`#9ZBO0:*`/,2+Y)[JXNKR>2UDUF7SX(+MA,;4;]FT;_N[
MBAP@!VCO533CKXUS3;FYOK@VT3VZNIO,R",R3\$!BK$*81)D$XY!R,UZQ@>E
M+@>E`'FGB+0_%-]K.IW-C=7<%NNH6PC19I/WT)6(.H4,`J`[V)&&^4CO4(L?
M%"6*Q2IJ[7J6PCLFCN"8XKD3ON:0D_-'M\O:7SE`1RW7U&B@#S./1?%$<;WL
M]Q?&U>_=;FSAF<RR0?:'(=<M\OR[`%3!*9[X%2VD7B*TU'3+EX=3N84DF_T2
M5FS';F1RCLX;!D"8!1]Q(V@8.37H]%`'F-DWB^SEMGU&SU%HY+^&_E$,GF[%
M9)!)%@'A5/ED)R*Z#1$U./Q)K1N([V:PF4RI/-OC:-LX$2J6(8`<AE"^AR>:
MZ[%%`')>#+FX"307=KJ5O)<227$=O=[W%K&-BA/,8DDG[V,D9+8X%,\/2W=M
MXCU)9X-1%G>2+]D$ROM0JK&0D,Q*\E1D85LC:!@FNPHH`XW0!XCM_$NOW6L6
M\[6TD,<END<PDC4JT@V1K@<E=N>G/U&.>BL_&\RP6\OVVUFN+^&_\\2^8L.5
MD+Q/@\1AA'\G3!->IT4`>4:;!XNF>26:VU:#493$]KYDS&&`_:I6D#_-M*^6
M4'()(QBNFO$U"S\;R7T<&H7MIY6YX@'"0A8SCROG"NS-@%2N<\Y&.>QQ10`#
MUQUHP/2BB@`HHHH`,4444`%%%%`!1BBB@`Q1110`4444`%%%%`!1110`4444
M`&****`"BBB@`HQ110`4444`&*,#THHH`****`#%%%%`"8'H*7`]***`#%&*
M**`"C%%%`!BBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H/0T4'H:`/.O
M`O\`R4KX@?\`7S;?^@-7HM>=>!?^2E?$#_KYMO\`T!J]%H`****`"BBB@#R[
MQM_R63P+_P!MOY5ZB.E>7>-O^2R>!?\`MM_*O4!T%`"T444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!0>AHH/0T`>=>!?^2E?$#_KYMO_`$!J]%KSKP+_`,E*^('_`%\VW_H#
M5Z+0`4444`%%%%`'EWC;_DLG@3_MM_*O41TKR[QM_P`ED\"_]MOY5Z@.@H`6
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`*#T-%!Z&@#SKP+_P`E*^('_7S;?^@-7HM>=>!?
M^2E?$#_KYMO_`$!J]%H`****`"BBB@#R[QM_R63P)_VV_E7J(Z5Y=XV_Y+)X
M%_[;?RKU`=!0`M%%<XMWJ;RK&3,%)^S%O+Z,ARTF<=&&X#MP*`.CHK`@U348
MULX9($9FVJ\K@J&)5#CD\'YCZYVGCTGL=2OI[R*&XMXT5XPY/*GE<Y`)['Y3
M^?M0!L45@'5K[S69?*,:>:I58F()!3!W9YP"Q(`[$8XIL^JWLEK.$CPZQ%H@
MBD-/AB,ID\#`'!R>?3!(!T-%9=YJ$\-C%-&(V<N58L&55P#U'7J,<XY]*2\U
M"[B@@EMX-^Z$R.&0@_P#IGC[Q)!Y^4CWH`U:*P&UF\^0&*(,Z-M1027Q&S!E
M(XQD8QS]::=7U#)E58W0(RE5B.W=O0;@Q/S`*Q/;H>F*`.AHK!;5M17RS]FA
MVNRKG)VYVJ<;O<L0#_L]\T^VU"XD_M":0C$<"L(]K*(V^<E2>Y&!DCVXH`VZ
M*Y\ZS?&)V2V#,H)"A6^0X;"MZYP#QZ_0ETUYJ;/(BE0P"A%$9&YQ-M)SG[I7
M''8'K0!O45E?VG-+I"7T4!R[91"#G;GC-$EW>G3F?Y(YXYHU9_+)4J67<0,^
MA(Z]J`-6BN??4]0M8I1Y0D_?/MD=2`B[Y``W//W5&>/O#\;]Q>W44]N%@!C9
M`T@`+')95P#[;B>G:@#1HKGX-8U"X;"0Q@!]N\QMSDH`<9XQO)//\)''.$EU
MR_1L&WAC`0$F3.3ZE1WYXQQSCF@#H:*R[O4+B*:W6*'(D53\Z-EB6`VC^Z0#
MGG_$B)9=0BTG36616G=E\YGC.&RIXZY7YL<]J`-FBL*/6;R5'<69B3"N&D1O
ME1F"@D>HPY(]`/6II]3NH]-@N!$J.Y;<61BO`..!S\V!CZ]S@$`UZ*S1=WKV
M4DOE(DIG$:*RD[06"Y//.,D\8'%57U:^CA!:!%)^;>8V('W\+@<Y)4?]]#CI
MD`W**Q(]5OVN+9)+5(UF=L[LC`#[=O7[P'/O[=:;>ZS=6]Y/##''+Y<BH5"G
M**5!,C'.,`G&./K0!NT5A/JU\D*RM#%RZJ$0,S/E`QV^N2<>P!/-+%JM](%(
MA1T7)9EC8;A\GRC)X(+GG_9^N`#<HK(&H74VE32(FZY,GE)Y2'&3CD%N"!G.
M3@<=JJ-J5W%;LLSR13+;CAE&2RN0QXR/NX/'K0!T5%9U]?/']F\AD:.?(R%+
M,>.-H'UY/;TZXH1:I?PVT"2Q!I`J[G,;?O6VH=H]&^8\GCY3[X`.@HK!DU6Z
M:X7;&5\H$2C!VJQ)'S>H``;BI8K^XBTJ"=G5W>X92Q1B67>V-J]3P!@9Z>O0
M@&S17/\`]LWH<QB&-7*R;(W5BQVXPV>X.3Q[=:U5FEET^4LPBF4.N[:2`02`
MV/3C.*`+=%<V^K7%K:EHEW(L;N9I2TBDC)P",9!Q@']#5FXU:\ABG<Q(!\WE
M'8Q`PP&&Y'7KGC\:`-NBL*/5KR/>T\8(=\1KY9!7(C*K[GYGY_V?:H[C5M05
M9(VACC!B9@XR"!EN1GJ5`!(QSGMW`.AHK&LKZ:?4$3<&4>8A5<[=J[=K9/WC
MS@GCD^U0IJ5])?[@H>)"49$1MIRZJ,,>I`))X[$8'6@#?HK!&MW26S2R6ZD!
M2<A&&'VDB/'4G(Q^/8TL%Y=MJ<-L[,JK<2@JRG<Z8?#9Z;<X'U'6@#=HK$N-
M6NHQ-M6-2LK)AHV)0`';G'7=@8(XY[GBDEU348T:06R!?FRI0DH`ZKDG..`2
MQ]A^-`&Y17.OKMTKHCBVC+$<A6=5^0M@D8Y)'`]#GFIEU6_E?8MNJ.S*"K(Q
M,.6`^;H#D$D8QTH`W**Q+74;J[U.U5U,*%&9HMIS]Q2"3TQDD#CM43:W?+(P
M:VC3$A0K@LR+DC<0#T``/;.[CID@'045@P:O>7'R[(XLNZI(T;88[5*KC/!^
M8]_X2.N<%CJ-Z)+>.9?,:Y*`,5*@$1HS\=A][\>*`-ZBLBXU2[BOS;+:;EWA
M!)@XRWW3]!AL^F!ZU3CO]3*K.PR$=W,7EL,IY2L%Z]<D\_I0!T=%9&H37POQ
M%!(%C(B*CRR>?,PQ)!Y&W&1[]:73]3N[N]$4MLL49C#X8_-RJG/N,DCH,8_"
M@#6HK`GUF]@M#(T"&0D,JB-L$$O\O7[WRCGOGI4DFIZC&9F6U6549MJ*C!F&
M]D`SGK\H.<=_QH`VZ*YU=7O#(DDGEC(4!$!;>I9@2J@_>^4#&>,GJ>*GEU.X
MM-&@G3]](69064GS%!.#G(P2`/7KTH`VZ*R1J4YL+R;]R)(9"JDJVS&?7^(_
MESQQUJL-3O8G=BN8I9/EDDB8>2N$R6&>F6/'&,<GK@`WZ*PH]9OFEBC:Q*E]
MH)VM@%^5_``-GTX]:OZ9=W%S$?M,81]J.-JD###..>XZ?X4`7J***`"BBB@`
MHHHH`****`"BBB@`H/2BD/0T`>=^!?\`DI7Q`_Z^;;_T!J]%KSKP-_R4GX@?
M]?-M_P"@-7HM`!1110`4444`>7>-O^2R>!?^VW\J]1'2O+O&W_)9/`O_`&V_
ME7J`Z"@!:YM]8O'=9%`58Y649C;$GR9"D9X;/'7KVSQ7244`82:Q>M<K']D!
MWML("MF%BQ`#'H>`3D>WJ";FEW]Q>"7[1"L)#8"@_,.N01ZCCZYZ>NC10!SC
M7&J6SR7!$DL?F3;8SD\!B`3P,`#''?'7FE_MV\^<&.`!8]V[!(!W*..?FR&R
M.@R,9/6NBHH`R+?4[J;[;OACC$*,R"0E2.N-PY(!'/3CIS54ZW=+$LGE*JEE
M&^2-@'^X,`9X^\2#DCBNAJ.2WAF='DC5V0Y4D=*`,N">3R+B\N+9$NDB5@ZQ
M'H5SC&<G'0\C\*@BUB_>W:8VJE<%0%5N3ACNSG[OR]/?K6_10!A"_N8]):8R
MJS//*OG%&VJHW;2!G.#@`<]QUJ`:A>3!+1E4H%A\XR1$D@E0RGGOGK@?0UTE
M%`&+!JMU)I4US+#'%(K*H&"=I.,AAGC&<=1Z\5&-4O);;=+:H(Y(U!4HWR91
M&8MZ@;CQQ]WK6]10!AP7=W!HUN\,0F?S)0%"$`HN\J%';.U0,^O>DM]4OF?S
M91$8?+4X13_STPS9SQA3G'.,=:W:*`,,:K?R6WGI`@!;"J8WR5$9<G\2`!Z>
M_2IKK5)H;^."-$.Z)9/+*G>V6P<'M@<].U:U-V+O+[1O(QNQSCTH`PAJVH!2
M/(C,OE@[?+<8)53N_P!W)*XZ\?7"SZO>6[*DBPIND90[1MCY?,XQGJ=@(YZ-
MW[[U(R*Q4LH)4Y4D=#TXH`YUM4U"#9<3(7"O*K1!"N`60(#ZD%@,^F35Z^O;
MRWG5(85?]WN9BK$<!R0`/7:!^-:4D4<NWS$5MC!ER,X(Z&GT`8^HSWWVF%+=
MQ&DD:D`QDD-YJ`Y.>FTG(X^M+9ZG=SZ@D$ELL:%,DL2&/'4>V>,?K6O10!@Q
MZOJ$D9<VL:E2S.G)8!5)VG'0]!GWZ>J/J=WNAE^502Z2KL;;!RF-X[D<^@Y]
M.:WZ*`.>;7+T1L?L\8;Y"00<1@J3ER2,9...,`@\\@2VMY<RZC.WE`$0.S6Z
M`@[P0!ENA)`X/'%;E%`&#;:KJ,X5OL\.,`<!N68X&>>,'J.?PILFKWLZ*L=L
M84FA9T+Y#]&Q@?WA@'&.XZ8KH**`.>&M72JBR"*++JC-(C'RB2PPW(R2`#QC
MK]";>G:G=7=V\=Q;+`H7(4M\X/&./0Y/IC&.><:C(KE2R@[3D9'0^M.H`P+B
M^U"VO)MJ22Q^:YC`3@!8ONG`Z9Y'?J/05-)JLR644K&)-]SY0F9&V%>?G"YS
MCCUK9IK(K;=R@[3E<]CZT`8+:U>[6+6Z1$*"R.K9C'R\D]#G)`''(Z]<"ZO?
M11VP>,3RR22!E$10XW$*!SP0,9X/7)Q704A`8$$9!Z@T`<Y:ZG,^J#;;6S%W
M5'G"E-V0A*\G[PSGOG';G%N^U*]MIIA';J\8<1J=I^4;5)<G."/F/''3K6K#
M!%;Q^7#&J)G.%&*DH`YR34;FY8)<V5N%78VYCN"YV_O/=>3Z=.M*;Z\BT_39
MS(2S"0R;D;#G!(&.Q/;/ZUT5%`&/;:I=2P7DDT"Q&$$A1EF4Y(PP!YX`.>.O
MXU12ZU.\GAFW!(F*!HQ&Q4@&7=SN[[5/T(Z@\]-10!S@UB[5"5M8U*A%#NI`
M`())))Z`@)]>?:K.GWUU=7-P\R[-L"GR0#^[;<V03W.`/3C'%;5%`&-9SW_]
MER3/@W$EP`H9&PBLRKTSG`!]NE1/K%[$(M]NNYV7`",`06*D9)ZC&>_!Z<9K
M>HH`YU=5U"*Z9?LI=6;*AR1G``VK[]^^<_C5JRO;B6WN)F82YN8D78I4!2(P
M<#GH2V?<&MBB@#$:\OI=*EE:*-+J-4E1O*)"[@,C!.<@$@U%)J>H6D<H\H2?
MO7VR."`B[Y`,\\_=7GC[P_'H**`,B\NKF.94!=&FB3RPHW#?O^89QZ$=>W/8
MU7N=2U+[&YCC5)20RN(V(5?GZC/)PGM][IZ[]%`&!-J]XKW49BCA1'91(V6*
M#YMI(!Y#8&.G4=:9>/<);V4ZN?M?V7"+M._>0#DC^(9QE>.GX5T5%`&!+JMZ
M9Q!$T8`2-VE\HD#YHPW&>A#-@\8P>N#2P:S=O+$)H8HE:;8R\LZ^V!Z=2?3G
M&.:WJ*``<C-%%%`!1110`A52P8J,@8SCM0%"J%4``<`#M2T4`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!0>AHH/0T`>=>!?^2E?$#_`*^;;_T!J]%K
MSKP+_P`E*^('_7S;?^@-7HM`!1110`4444`>7>-O^2R>!?\`MM_*O41T%>7>
M-O\`DLG@3_MM_*O41TH`1B%4L>@&35"/55EC61+.[9&`8$1=01]:N3_\>\O^
MX?Y5#IW_`""[7C_EBG_H(H`C_M(_\^5Y_P!^O_KT?VB?^?*\_P"_7_UZO44`
M4?[2/_/C>?\`?K_Z]']I'_GRO/\`OU_]>KU%`%'^T3_SY7G_`'Z_^O1_:1_Y
M\;S_`+]?_7J]10!1_M$_\^5Y_P!^O_KT?VB?^?*\_P"_7_UZO44`4?[2/_/C
M>?\`?K_Z]']I'_GRO/\`OU_]>KU%`%'^T3_SY7G_`'Z_^O1_:1_Y\;S_`+]?
M_7J]10!1_M$_\^5Y_P!^O_KT?VB?^?*\_P"_7_UZO44`4?[2/_/C>?\`?K_Z
M]']I'_GRO/\`OU_]>KU%`%'^T3_SY7G_`'Z_^O1_:1_Y\;S_`+]?_7J]10!1
M_M(_\^5Y_P!^O_KTT:LIE:(6=V70!F'E=`<X[^QK0JG%_P`ABZ_ZXQ?SDH`;
M_:1_Y\KS_OU_]>C^T3_SY7G_`'Z_^O5ZB@"C_:1_Y\KS_OU_]>C^T3_SY7G_
M`'Z_^O5ZB@"M:WB732*$DC>,@,LBX/(R*LU1M?\`D*7W'_//_P!!J]0`4444
M`%%%%`!1110`4444`%%%%`!2,0JECT`R:6HY_P#CWD_W#_*@"FFJB6-9$L[M
MD8!E/E=0?QIW]HG_`)\KS_OU_P#7J33?^09:?]<4_P#015J@"C_:1_Y\KS_O
MU_\`7H_M(_\`/E>?]^O_`*]7J*`*/]HG_GRO/^_7_P!>C^TC_P`^-Y_WZ_\`
MKU>HH`H_VB?^?*\_[]?_`%Z/[1/_`#Y7G_?K_P"O5ZB@"C_:1_Y\;S_OU_\`
M7H_M(_\`/E>?]^O_`*]7J*`*/]HG_GRO/^_7_P!>C^TC_P`^-Y_WZ_\`KU>H
MH`H_VD?^?*\_[]?_`%Z/[1/_`#Y7G_?K_P"O5ZB@"C_:1_Y\KS_OU_\`7H_M
M$_\`/E>?]^O_`*]7J*`*/]I'_GRO/^_7_P!>C^T3_P`^5Y_WZ_\`KU>HH`H_
MVD?^?*\_[]?_`%Z/[1/_`#Y7G_?K_P"O5ZB@#/&K*TK1"SO-Z`,P\KH#G'?V
M-._M$_\`/E>?]^O_`*].B_Y#%U_UQB_G)5R@"C_:1_Y\KS_OU_\`7H_M$_\`
M/E>?]^O_`*]7J*`*/]I'_GRO/^_7_P!>I;6\2Z:50DD;QD!ED7!Y&15FJ-K_
M`,A2^X_YY_\`H-`%ZBBB@`HHHH`****`"BBB@`HHHH`*#THI#T-`'G?@7_DI
M7Q`_Z^;;_P!`:O1:\Z\#?\E)^('_`%\VW_H#5Z+0`4444`%%%%`'EWC;_DLG
M@7C_`)[?RKU`=!7E_C;_`)+)X%_[;?RKU$=!0!'/_P`>\G^Z?Y5#IO\`R#+7
M_KBG_H(J:?/V>7"ECL.%'4\=*XVT\5:_%:PP#P/J;-&BH=MW:]0!_P!-.*`.
MVHKD/^$L\0_]"'JW_@5;?_'*/^$L\0_]"'JW_@5;?_'*`.OHKD/^$L\0_P#0
MAZM_X%6W_P`<IG_"8ZZ6*_\`"$:GN!VE?MEKG/7'^LZXH`[*BN./B_7P5!\#
M:H"WW<WEKS]/WG-#>+]>49;P-JB@G`)O+4<^G^LH`[&BN.'B_7B"1X&U,A>I
M%Y:\?7]YQ2?\)AKVS?\`\(/J>W^]]LM<?GYE`'945Q__``EGB#_H1-5_\"K;
M_P".4?\`"6^(.O\`P@NJ_P#@7;?_`!R@#L**XT>,-=+%1X(U(L.JB\M<C\/,
MIW_"6^(/^A$U7_P*MO\`XY0!V%%<<?%VO@#/@;5!GIF[M1GZ?O*7_A+M?R1_
MP@NJ9'4?:[;(_P#(E`'845QP\7Z\79!X&U0NH!*B[M<C/0D>93O^$L\0_P#0
MAZM_X%6W_P`<H`Z^BN0_X2SQ#_T(>K?^!5M_\<H_X2SQ#_T(>K?^!5M_\<H`
MZ^J<7_(8NO\`KC%_.2N<_P"$L\0_]"'JW_@5;?\`QRJZ^)_$$=_),W@?4QYL
M:(JF[M@3M+$_\M.?O4`=O17(?\)9XA_Z$/5O_`JV_P#CE'_"6>(?^A#U;_P*
MMO\`XY0!U]%<A_PEGB'_`*$/5O\`P*MO_CE'_"6>(?\`H0]6_P#`JV_^.4`=
M#:_\A2^_[9_^@U>K$\/W5_?M>7=_I-QICNZJD,\B.S`+][*$C&3^E;=`!111
M0`4444`%%%%`!1110`4444`%1S_\>\G^X?Y5)4=QG[/+M4LVPX4=3QTH`ATW
M_D&6O_7%/_015JN(M/%.OPVL4'_"#ZFS1HJ';=VIY`Q_STJQ_P`)7XA_Z$/5
MO_`JV_\`CE`'7T5R'_"6>(?^A#U;_P`"K;_XY1_PEGB'_H0]6_\``JV_^.4`
M=?17'_\`"7:_NV_\(+JN?3[7;9'_`)$H_P"$L\0YQ_P@FK9_Z^K;_P".4`=A
M17'_`/"6>(0.?`FK?7[5;?\`QR@>+?$#`%?`FJD'H1=VQ'_HR@#L**Y#_A+/
M$/\`T(>K?^!5M_\`'*1O%OB!5+-X%U4`=2;NV`_]&4`=A17(?\)9XA_Z$/5O
M_`JV_P#CE'_"6>(?^A#U;_P*MO\`XY0!U]%<A_PEGB'_`*$/5O\`P*MO_CE'
M_"6>(?\`H0]6_P#`JV_^.4`=?17(?\)9XA_Z$/5O_`JV_P#CE'_"6>(?^A#U
M;_P*MO\`XY0!U]%<A_PEGB'_`*$/5O\`P*MO_CE'_"6>(?\`H0]6_P#`JV_^
M.4`=?17(?\)9XA_Z$/5O_`JV_P#CE'_"6>(?^A#U;_P*MO\`XY0!T<7_`"&+
MK_KC%_.2KE<0/$_B".^EF;P/J8\U$15-W;`Y4L3_`,M.?O58_P"$L\0_]"'J
MW_@5;?\`QR@#KZ*Y#_A+/$/_`$(>K?\`@5;?_'*/^$L\0_\`0AZM_P"!5M_\
M<H`Z^J-K_P`A2^_[9_\`H-<]_P`)9XA_Z$/5O_`JV_\`CE:GA^ZO[]KR[O\`
M2+C3'=U5(9Y$=B`OWLH2,9)'KQ0!MT444`%%%%`!1110`4444`%%%%`!0>E%
M!Z&@#SKP+_R4KX@?]?-M_P"@-7HM>=>!?^2E?$#_`*^;;_T!J]%H`****`"B
MBB@#R_QZOV;XK>`[R9E2`RRQ;S_>.,#_`,>%>H#H*PO%?A+2_&.E"PU-'PC^
M9%+$</$V,9!_H>*XYOA7K2D+!\1-?CB``56<L0`/4./Y4`>G5S\EK>6T68U:
M&V23+*K9=D[C*C/T/4<YKD/^%6>(/^BD:[^;?_%T?\*L\0?]%(UW\V_^+H`[
M"VMM4-HDQ>4R-$%,<DQ!^ZW_`(]NV\]>.HI+6QU2V628L\DS%25:;.X`.`.2
M0#@J3].IKD/^%6>(/^BD:[^;?_%T?\*L\0?]%'UW\V_^+H`[+[%JPEA8W,FW
M</,"OG'"#/.!CA\C_:SCT/[,>ZU5Y)`R11S.Q^4`MD1$8..GRGD<\8KC?^%6
M>(/^BCZ[^;?_`!='_"K/$'_11]=_-O\`XN@#KTLK]?L3BW"RP6[P\LA&[Y<$
M]]O';GBEBTFYM(HXE"3&.3=$X`"J"!NW*Q/<$Y!SSQBN/_X59X@_Z*/KOYM_
M\71_PJSQ!_T4?7?S;_XN@#M[33Y(M)GMIH69B[,%!0;OFR,$?A][\:KG3;T.
MTSP1R;HM@C&WY6Q@-@_+D=#]3BN0_P"%6>(/^BD:Y^;?_%T?\*L\0?\`12-<
M_-O_`(N@#M+?3+N'4H[@^5L:8RS!3_%Y6P,!CZCZ`5%-HUT]W(Z&/R_,*)\Q
MSY+G=+VZY/'^Z*Y#_A5GB#_HI&N_FW_Q='_"K/$'_12-=_-O_BZ`.Q71IA#(
M%6..5UA&]0,C;*S'MZ$4PZ)=FY24NA>.1Y$D)Y#9D*G`'^T`?8FN1_X59X@_
MZ*1KGYM_\71_PJSQ!_T4C7?S;_XN@#L;G3+J33],B$:^9#'MD`884[,=2.1G
MTP?3%#Z9<'Y!;1%@TFZ8L/WH?/7'/&03[J,>W'?\*L\0?]%(US\V_P#BZ/\`
MA5GB#_HI&N?FW_Q=`'<:9:S6M])'*K-LA"^<1_K3N8[B?[W//O\`A6O7F'_"
MK/$'_11]=_-O_BZ/^%6>(/\`HH^N_FW_`,70!Z?17F'_``JSQ!_T4?7?S;_X
MNC_A5GB#_HH^N_FW_P`70!Z?65J=C)=72[8$=7@>+>Q'[LDJ=V/PSQW`Z=:X
M7_A5GB#_`**1KOYM_P#%T?\`"K/$'_12-=_-O_BZ`.N;3]5DF=S*RLCEH292
M0I*2+NQGD9*'!]^/75TV*XBLPMRSL^XGYR"0/3.3G\37GG_"K/$'_12-<_-O
M_BZ/^%6>(/\`HH^N_FW_`,70!Z?17F'_``JSQ!_T4C7?S;_XNC_A5GB#_HI&
MN?FW_P`70!Z?17F'_"K/$'_12-<_-O\`XNC_`(59X@_Z*/KOYM_\70!Z?17F
M'_"K/$'_`$4C7?S;_P"+H_X59X@_Z*1KOYM_\70!Z?17F'_"K/$'_12-<_-O
M_BZ/^%6>(/\`HH^N_FW_`,70!Z?17F'_``JSQ!_T4C7?S;_XNC_A5GB#_HI&
MN_FW_P`70!Z?17F'_"K/$'_12-<_-O\`XNC_`(59X@_Z*/KOYM_\70!Z?17F
M'_"K/$'_`$4?7?S;_P"+H_X59X@_Z*/KOYM_\70!Z?17F'_"K/$'_11]=_-O
M_BZ/^%6>(/\`HH^N_FW_`,70!U\EK=VL68U:&W23+*&R[)W&5Y^AZCG-+;VV
MJ&T24O*9&B"F.28CC:W_`(]NV\]>.HKC_P#A5GB#/_)2-=_-O_BZ/^%6>(/^
MBD:[^;?_`!=`'7VMCJELLDQ9WF8JQ5I<[@`X`Y)`."I/KCJ:?]AU42PL;F3&
MX;PKYQA4&><#'#Y'/7./3C?^%6>(/^BD:[^;?_%T?\*L\0?]%(US\V_^+H`[
M2XL[R2XN!`-C^:94F/`YBV`#WR3].O>FM8ZHX^69XU^8JIF)9>'V@GOR5_ES
MCGC?^%6>(/\`HI&N?FW_`,71_P`*L\0?]%(UW\V_^+H`[C^SIQ8SPD!V:Z,V
MUW+"1=P8KSG`[8Z57>RU5&>6SV0*[&7R"_`*@;5X&/F.=V*X_P#X59X@_P"B
MD:Y^;?\`Q='_``JSQ!_T4C7/S;_XN@#LI+#55601W;MGJ3(<L!Y?`Z;2<2=,
M=1SZ1S66I+:G>9[DEFW(TN`5*`8('?[W3(SU]1R/_"K/$'_11]=_-O\`XNC_
M`(59X@_Z*/KOYM_\70!Z7;H\=O$DC;I%0!F]3CDU)7F'_"K/$'_11]=_-O\`
MXNC_`(59X@_Z*/KOYM_\70!Z?17F'_"K/$'_`$4C7?S;_P"+H_X59X@_Z*1K
MGYM_\70!Z?17F'_"K/$'_12-<_-O_BZ/^%6>(/\`HH^N_FW_`,70!Z?17F'_
M``JSQ!_T4C7?S;_XNC_A5GB#_HI&N?FW_P`70!Z?17F'_"K/$'_12-<_-O\`
MXNC_`(59X@_Z*/KOYM_\70!W6IV,EU=+L@216@>+>Q'[LDJ=WZ9X[@=.M4VT
M_59)G<RLI1RT),I(4E)%W8SR,E#@^_'KR/\`PJSQ!_T4C7?S;_XNC_A5GB#_
M`**1KOYM_P#%T`>AZ;%/%9A;EG9]Q(\P@D#TSDY_$YJY7F'_``JSQ!_T4C7/
MS;_XNC_A5GB#_HH^N_FW_P`70!Z?17F'_"K/$'_12-=_-O\`XNC_`(59X@_Z
M*1KOYM_\70!Z?17F'_"K/$'_`$4C7/S;_P"+H_X59X@_Z*/KOYM_\70!Z?17
MF'_"K/$'_11]=_-O_BZ/^%6>(/\`HH^N_FW_`,70!Z?17F'_``JSQ!_T4?7?
MS;_XNC_A5GB#_HH^N_FW_P`70!Z?17F'_"K/$'_12-=_-O\`XNC_`(59X@_Z
M*1KGYM_\70!Z?17F'_"K/$'_`$4C7?S;_P"+H_X59X@_Z*1KOYM_\70!Z?0>
MAKS#_A5GB#_HI&N?FW_Q=`^%.LO\EQ\0]>DA8$.BN5)'UWG^5`%CP!+'/\1O
MB!)$ZNANX%W*<C(5@?U!'X5Z/6%X5\):7X/TLV&EH^UW\R665MSR-TR3].PX
MK=H`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#_
!V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g193242bei002.gif
<DESCRIPTION>G193242BEI002.GIF
<TEXT>
begin 644 g193242bei002.gif
M1TE&.#EAJ`)P`_8```````@$!0L'"`P+"Q$-#A,/$!41$AD5%AL7&!P:&B$=
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MY^CGZ.SL[/#O[_#O\//S\_CW]_CW^/[^_@``````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````"'Y!```````
M+`````"H`G`#``?^@%V"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@
MH:*CI*6FIZBIJJNLK:ZOL+&RL[2UMK>XN;J[O+V^O\#!PL/$Q<;'R,G*R\S-
MSL_0T=+3U-76U]C9VMO<W=[?X.'BX^3EYN?HZ>KK[.WN[_#Q\O/T]?;W^/GZ
M^_S]_O\``PH<2+"@P8,($RI<R+"APX<0(TJ<2+&BQ8L8,VK<R+&CQX\@0XH<
M2;*DR9,H4ZI<R;*ERY<P8\J<2;.FS9LX<^K<R;.GSY]`@PH=2K2HT:-(DRI=
MRK2ITZ=0HTJ=2K6JU:M8LVK=RK6KUZ]@PXH=2[:LV;-HTZI=R[:MV[?^<./*
MG4NWKMV[>//JW<NWK]^_@`,+'DRXL.'#B!,K7LRXL>/'D"-+GDRYLN7+F#-K
MWLRYL^?/H$.+'DVZM.G3J%.K7LVZM>O7L&/+GDV[MNW;N'/KWLV[M^_?P(,+
M'TZ\N/'CR),K7\Z\N?/GT*-+GTZ]NO7KV+-KW\Z]N_=E7!2%1S1^T/@MD<JC
MWW3^NUDN6K:4C[]%2R$NY;,0VK+>$/[]_0D2GQ;SR2?(>/\-4I^!^]EW('SP
M=1&A>>5UH86#%KJW518,#`#``T5TL<0`!@0`P!)=9&%#B0"$("(`.W311`4`
M`!!B>4I48**+6K3@804\"+*$`08`<($37>S^$$"1(5S1A1,7`&!`"$AVH4(`
M`P3``B$G`'!#%U@@$``"1;8`PP#V/4'CE$VDV*$1+\98H893:0$`!DM$:843
M`*B01!#Z;0"`"T8(88.,`.30104)&,$#G(/\`$`)20BA*`D`T+`$IC&\F`(2
M"2#010Z)"@%`"U<,P$`1121@P!-=C&`C#:<*\H2'#,B'1!``:("$%9AV$86J
MA;H:Q19%;O"BHG1>9:>+-P``112)2OABD.4M`8`.70`P@K6$1"`!(50`<(*U
MC+YX:`@`C'IB%P]48`,`538!``Q=L,L?`"0(,L,`,P``J9W?QMINP%7R.4.W
M$0S@!!35SMDL5';^5O!#!<IJF\`#"5`!`P`$YB#R%GQ^Z<&=2!!"[9?_D8JB
M?:1"`7$(/#"@@KM*<#%`"!(\("%Z#S#0!:8YL(!`REU0H$$6`*0@"-,%!_N`
MS^M-W6T*(*A0+K,34Y7%`"0>`*<2`&P@@PI;F``RAQXZ0:VB6>2```"'VJ>M
MHBV_"S,`4?!IP``12-%%M%DF$$7/$H87]-``)`#`EET<4:L&`E!AH;>"R`JO
MS_]9;2X4"?"*=]=U`F#"%G<NVP5ZI@HA"*E10#QZ%PSX/`@"&*A<:W@:&/"B
M#]JVT,6\-R"A7PM\"T+MENSF"P"L+`#`0`2.!PEUYNU^'(7R]W;K8@3^-!Y*
M>NDN8JH%GRU$\:L6'19!!?*Q5RN$$MJ6L+H@R*>_A.N"[F!%_JJ+@-!<=K\F
M!.`!3G#"`P2`(LUIZU`)8,`,7/`"`'@@1?P21+"<<,`F*/!YW?H6J2(VOJAH
M(0#],A4-I`"``)BH7U$`09$`$($K/*%:-.J5Y0@Q`P;4:%Q:4,'<)"BD:L4`
M`$F0%(H&H00,F`@#2"L!R&@7@1[8R%HG@T*W[#>T`.@G"4X,`!0OUR\MT&AV
M)7P*%?33!2HXB0I6L,(:!W$%.=J'"U2PCQ;<B(@MP)&-*<JC>02)1P)106)Q
M)$06K/"T.%K.0%F8HQ78N$A")'(0DWR:(-/^R)8`'<@_E5B/Q"R!($Z:\I2H
M3*4J5\G*5KKRE;",I2QG2<M:VO*6N,RE+G?)RU[Z\C,)$H1\/!G,3YKG?L<D
MQ'_44\SP>'(_ANB/*,M3RF0:TYKWJ5`PT;/,Q!T(/?PQ9C`K-$SRS(F;AQBG
M,M>IS'-Z$USOC"<VB_G)!(7GG,_\)4Q&F0A^SB*?H-1G*WQ@`A*8`$D$)<$)
MMB>(*[3``S38H1-(4*4<J"`((U!"0TW@.F>VX`0D^`"D?A`"$RS!HR<(@0TP
M1(@<I("1%F*!"AA)!1*@2*8T)8%&3^`#0=14HZ][Z8%2T`-#4$$%)OB!3Y&J
M5!J4@`0>B-$,0/K^@1C!(`0J4,$'9+"I.)I`!NA!`@EVZ-`1@``(AH!"2GG`
M1A\\-03X(L012!`"%(EUASY`FR"LH(+1)<$$)0@!TGY``KKB*Z_KB8$,A&F#
M#Z1O/(H=Q%%-$`(71"$\5#A!04-0!2N<(*5*W:L+/"`^@9*2<1MX``"NT*4,
MJ-9U3CC``5(+`-=I(51/,AVUE-4%#!@`D%\S@`8BX#IV80`#+4I1``[``0!0
M@*4B,A'DLE"DFY&-6P3H4Q?(%J,,JBZZCQ,0YBI$-N\BH4;]4JT&)-"I"/0J
M`HLE007`5H$6\$!:-X21NU!D@P$@8`,5X$`A3/6`#1`)29C"P`3Z92W^255`
M`N<BH,$<I((6MLE=%:!1?.]$@7[)BHU6RP(%RC;BA6W.6F0KL.,6FV(,2(`*
M?'H`<EVT!04(MP).,NTE,`6?055X7]^2P`!V*&3[2&H')PB`DW0``!_8*T:#
M8%H9NW!?'`AB7D5-[KR6:"T7&$"`3RL1`K#`IQ@1@$19*'.W&'PW07@9S&2$
MYXLDD``GD8`!**2=[01AM4+T&78W!)R[G&`G!F=H$%H8P+C:J&C&L51QML/"
M?C4X1=K1**X$7)SYK+7I$W<):9AJD]7"TV;&44%VUF*"EPQ&Y7=EP9\Z9D1X
M>,R%QU7X?)EBFO#L`X3:"@($4N):T"H@-$7^`@!(BMH``A`T6^]9"0"6*P\#
M0J!$#(Y``CR@%K>\A6UMK[F(S)IVM:4,+E*?Z@!*18`*I@0O`_"`!G!Z@+MM
M<(3[U>YU^#V5`J)PWRB8:GL+^J2IT&H?Y&FA2S>P094$<;(<_"=:,-A!#VBD
M'[(A@0+%)I5&!Z`L6=G@!CW%E`UVP`,#^.P`&L@0M81W;W,SBUHSH!;-:$`R
MNBTJ`5TPU0=V&&M*S'I2-))"E_ZV`M6Y_,I28B1ZRHNB_&3I`$+K,Y]]YJ$!
M)`!I@SAO=UW$-!7L0`)\4E2?OAYV9ZO."/I-+M-<=$QM_4`#(]`6$@+@(M4Z
MSFEVUR[0;!<S:OW^X`0CD%1F0:8%!)"HZ9,.#ZFHD(+&!0!;@G`"<A&@5%(A
MX/)8TD_S=@"`>I,J2Q^P#Z82,(#<80H!!W#<N)+[M`S>&]P--5>Y#&!X*`0Z
M`"_&GX=.`.N>+R+!&Z@WIH3```;@4;M&]O45$"#D<XU'ZH@>;Q<X8``':<$`
M'^C6!NX;5TX/Z@<^C`^_N&"S:F&N_&)GL\W9Y0+P>Q%U4QZ$MH"P@P20P&?)
M??W4#;$X=\6/!U2@;GPS+TB"!%V">$4``$5E'[?6)=`E?PIP`)/&.#W&`#SP
M,2XR+SS07$@B*W?D:/NG`!=P/WR"+\67(?;"+'QB`V]S/]KB`LB#5NC^D05=
M$EJ^!PD_]X'!<E\AHB.PD@7R9A^R<E1(9"W0)U[]@AX^T#U=\#%*E4$1H`"$
MH`4',``1Z$-9UB^8DG;?LH6*,@`/8!\!HU1_HP`(H``*^&V%H"T]0"W:E4%]
M!FG\QW?2TH(YY`3EDGT3:"$'\`"2QB<5`(*%D`7HL7D`<&'!8D4,@`"DYSM,
M]@34@B\>Z'T.8C45YCI=\`'T<F*PEP4G0P4WI"CHH2TQ$@`7M`5.<EY!<H.2
M@"GZ(7H@4VN!2`4=(@%BDC+GA2\!N&CP4FQ3F$'C46%3@WS)12I!@AY,AHGE
M<@&HXR).X"%BYXP>\B62H@#NI2S)Z%-&L@7^8$-G/36*U:):(8(YJA4!#T`!
M72`!`-`S%<!&KP<[J"8I`*!1I#(]<X-XVS4F%*`JV\,NC]8%+8``[H4O6X8]
M7%`!"+`>`2,$U08!`]`%4A0!`N19E;8X6Z`!Z^A#S.)>MAAS`,!\1:(H9),`
M'<E"AX(ID$B28,B*DR`$,E`>+AD>0``#]K$%17`"/<!&/>`",%4$*Z!%H\(U
MYA$#F'@@5.`"+C`%]R0#KI,%,(!6@J`#I=4%.@`#53`#F"@$+(`D1"D(6EDE
M2-`"+)`#]K$#4UF55'`#,-`"*L!E#M4F0@`#X=&5.["69D)E,,@"-/DZS-($
MJ/*6$I(#,,!(7'#^!3;``BV`=8C&`R=@!.-1!"]I"$;``BQ0;S+2`C`E!#-P
M!2Z`=?\#!$_0`E6P72QP!48`@VQY!9`Y'B)S($N@`C:08WCI`BD@!$X)`RIP
M`Z_6!580`VNI`D+0(VT2!2S0!%J`FRO%DJG0>\IY%W-"3>PT3]@4G?<1G<]9
MG=IT37(63]=I+=T)3PAR3]X)GNR4G>W43]5Y".$DG=T)G=Y93=HI,=TDGNMD
M3\E$G\V9G_JYG_S9G_[YGP`:H`(ZH`1:H`9ZH`B:H`JZH`S:H`[ZH!$!G\<$
MG11:GNE9;J!4H>2AG7(FGQ`Z$LSYH7.1`U,3`SLDD^:8`510`3)V`0G^@"]2
M,`(,H`%`X"`G(`$]TY0<0`%1B%8`]@`AP'-MY`(/0%QM!`-34Y3[\0,8P`!.
M$WG$=BBL\P"8Z`/FR`*`)*(<@2DF``,)<``,Y40J<%5'0`.-%P'`204&\*)2
MQ&`/$``P,&(H\B$O4`)S^@`Q$"I.$AY/``(QH(Y-0`4>(`/J"%2%D%52="Y6
M8``8@#R*`FS5T@4GD%6IHZ4<H2UQQ4(NTFM*&F<&(SA-.(\GUF89-(/)A0/O
MLH8D9"]?`E"+TV]=<`$5L`4<0"NC\W-9:JD7T26,9!\>(`"Q(H7!=#U?DWWV
M807F`B\!H`()(&!9$``,<`(>D`3:YXD(D*7^Z'%$*)*MJ7H($-,O[&)G`*`?
MI79P(<``1:6K&(&K]R,U>V8M!(-!_1(>Y*9>$E`!5,"-PD6E7>`AC8./D5<V
MUL(GO-6A78"16H0I3L(N%1>I6;`!$\``BJFN%*%X`(!U10J1JU4(\=H%YIAU
MU?)Z]X8YZ/$L?&)H>X4`#+!#5J"R0GI,70)EC:<?(Q``X(A&_DBQ&%$N$:`?
M1X0OIL)VB51H@G!$BY4%[F4Y]T9=`H8Y>H0Y!A8@LK(]/T>U77`%/`"J78!V
M+I`AVN(Z[*8Z5W`%Z($!.*>S&'$$I`<V-R,(-T``?R.JY(8>5_(W"``IZBAF
M*.(A19([R75?=4/^E352)!QP7TMR;,,#;6$&`&?V+ET"K3O49E;PIED">6A[
M$4?P`_I!34(`!+;IE5R6(C^@F$H@!*:[N87"D"DC!$C"!47`950@!$7`D$H0
MNZ;[`W`2`;DC3*QBNH`B"$7P`SRG!4%@.5D0!)W[LI>;$B'*"5O0`IVZO#D!
M4(J`3@J"3/WA3MG+H85@O1QJGM*[3_FTGL)$OI)`O>&K%,V;OEJA!-3V38*`
M!2H0`I!"E7Z:H?A;ONQK%+Q2`6$K3!(@@KX6,!LP``6SOUE!9X*[!$]``ED@
M.2CR``)V`!D(`#`E"#S@`3@0($IP`DMP`J5)4JN(P$)A-:82!(+7)0O^&P#G
M]25D(XI=@`01`&QMBQ[1<@$:L%P5X%X+1\(]$1X5%@+NI2@)N[$A,`#G=2CG
M)919D`5W)B#N$B*+HVI?\H`^K!,L@`$+Z7T+B\2K]L+W4P0,D%J\.&DG",97
M_!.$V`4F\)#G$SFBR@`"E@`@D+@P]2Q-*#16H$69YC/:PBU/@+YI+!-R\P`#
M$"*DTB;^*V1P$BWS90*$L`$!P"B!V#Q,AB(G.'_5-L@ZX5"?(B0L8+PP<`)8
M]P,F,)4I,@,P0`5!$@3XT@0L,)HVH"A\]01/,%.<C!3KF\M+,4[4])W*E+WP
M64V[S,O&?,S(G,S*O,S,W,S._,S0',W2/,W^U%S-UGS-V)S-VAQ0Q2QKV[G-
M/!$%%TP+5*"\X*P/GLBB8T4AV!EG#,*Q+#`U"X.?USN>]20>_5&[G+B=$GK.
M[O"L#P`#:RJ;BV`#-U*=2J!H+9`"D!P*Z&%%*$)RR.3/^A"OT8(B3O!@0>!3
M)"`!,U`!KO,!BE($+'IA@K`!!U`A/<(`Z^P$'&`%&Q`#&P`#&[`!]9):#@>0
M]!:(/Q`!%.`Z,5`D""`$,="V0B`!/ZU!(1#/4$;1[F`G&Z`%'V``6T!=&U`#
M`_`E^QBGV_)M`,`!A$)'`+`P!"((Q"8#_KL%2H!]32,E2!H`6J`ME34`_>(!
M+)H`-#@#1ZP%)/W^U4\`9J22`HUG9>YE`C0RL4Z=#M15(U?7!2Y`-QF];^%U
M7=UR`E=P)SMTLP('`$H%,3/`0EL2/%T@*3X0`@80'M&C!8T'*ZMC!$R6,A=]
M8K@C"!@@*E;39MV<V-GP+-JBA8UC=1F0@"[<U9A3!$7B-#.89]9"0$QS`N4R
MW,,]<70X>/KQ!`S0J!>;N!HUL@PF-4)3:KJM#O&:`;[#*TA"!4R`K-B8=OUB
M.="GB9BXQ^$E*470@F23<A^C!`$#*[[%.#3;+BR4,GW<6[[3!8PZJB04WNBP
M=JUV*&HS-^=2808@*&+GW%(2J4^S`0)0)(%H`TL2`.?29N?%B%^].CG^3"0A
M\F%=D`19(@$2VT:.<S%"$P6&#(9:M#BXK>#I(`1ML@7S(R2/XII.T#I=$`0H
M4@0\T,.#P&^CJSP[4"59\`."<S=+$"*#@.22)B,;[5-LY00PY00Z0`5*`"E<
MX+F#<`1P$N7FK./N$!X\,`(]M+NG10C@'5"2X)YLWN;U+$R#H"8![:&)$"`!
M,AY1`-(3O3K^)#'/-.C3F>?:\!_3U+W`?,^?),B/P!_FZ^@'P4_/24^,8.G<
MFQZ:[@XRH%!CJ@558`,D4%IJ=0*P$AY&X-R%8%$PL!ZTOAX,`A^9/=&*CILE
M@"H*(LS7*T0.LI[JH2`:BAX\$`"M.^K-0`+^NBLF31@O&10%&_,`""`XC=>M
M@I"W.>;MAQ`!!YQ.BD0BR,6,WCR)%^H(%ANZSMX,$N"LX:$Y`7,AF0(%#'`R
M[DX]!J`H26!R`U#=).`">X0I#'`HF*D#00($(9#3T?<M!;D%.!`"F/C!EF,#
M"[-I#4SP\FOE-$#++6!3JX.9.Z!4+3`#L?WNS&`?`^=-&8!S?39JEPQ/#$`!
M=FTE#\!CN^CB0C!B`W`"U[<"YG(E&8``%8`A3%,!1B`!RK(%")G#+D)`)\@N
M>,1\=&8%%R`T++0P*)!ASX,LT1,"%!``&^!#`*ORR1`"4KC<(5MLKY?R@\``
M%N-%#\"6[2)%4(#^+/V20:F"8PFHQ!C^-5("IXF;,O,2!1!]8L&"]\AR`D0`
M;>=%F%@@!01P*,>F!:CZ)>SB[FA_#"MG+6AW])SX9^]2'E.C,R\0`%'0)8L"
M`/Y:`;7&=<D5+1IUV?,:9S=TF!OK=KV&R4+3/#3BKQ=0:S9PH_BC`)H8C5V`
MJAH%]YV/#/,"4USP`+PH`X0'`)VRA_M'(\O&^B10?5SP!%!0:_U";DD<PR1$
MM)?=`I)2;X=_7RFC`#X3+-]/(%"`(A[```:P,!K7!0E@^8`PTL4#<--%`M#4
MQ=75Z/@(&2DY25EI>8F9J;G)V>GY"1HJ.DI::GJ*FJJZRMJ898"QV+7^`<!0
MP2"4A?#PD"#5>`.P!,G`T`4#X-$U`K!%I?"P89#3A0%PP@5`TE@2@&%0L26;
M-6!PD0#P6W&`$;#]!&"P$?#0%0+01940C6#H4ZNEBQ-Z%0)0`R!("X,!WP`H
M:04QHL2)%"M:O(@QH\:-&IV<$.+(1@L6*D@@Z?(D18HGCI:HH`+)AHU\*AX"
M:2$N"PP2.<1%.3&S11!90D90>\1%!HL3+:8TVI*#!,A&'H7DF!G$A3@L.WOF
M8Z'#41.I2$ZV`.)*1HPB*JIP?`LWKMRY=.O:O8LW+RA&>OOZ_0LXL.#!A$OQ
M;<2(BV)'7,0Q/OS(L>,NDQ<S?@K9,B3%DV7^59;\]/)AR+(<==Z2N+#JU:Q;
MNWZ=ES1%V9UHP[Z-.[?NW;Q[Z[8MBJ_PTKZ+&S^.//DF1E)^9*FX!.V1(J*$
M#%../;OV[=PY<C#PX'F7[_5T"-M\.=)H2L,7B4/4A1=Q]#P,&.#1J+Z!'EVT
M49XO"7``=O'#24@]DL4#!Q@``#4J#'```!?(LD,`&^2#03DS-#+#`!$\U%V(
M(HY(8D01`!"`$UUHH4`\6ECAW$2,(+(%$D9<D@,``+30"`LZ4@.$(JB(LT2#
M_TF2!0`8(*$#2\P``<146SP`@`1=+`&#$"X`,(,1`-!P0CHECDEFF6:R%Y\$
M#[C0A1`(:(!/$`;^4!'%`!\PD`!(]85@@`0J=F$"``^<1(4U$0RSA`$@/,"`
M#XWXH$``)UQQ"#X>7"@$`P#,=*`-R=03GP=&/L`C!M$$H,**#&!0P0"<%C'`
M`#!T8<4'`%30R`\*#+#-#BA>TX4+L7+:B!8`A$#9C`#`Y`@)%:B)X(XJ`,"%
ML2><B6VVVG9G2PL*C+=!F%WX&@4\%02!0`)=Y!@"(1>V```2GEKQA`U/5!"+
M$@`H4(0U5A0!@`Q&P&(//O+!4A9Z.?(0P!)+!$#(08*<J`,BU,431`4`6$$%
M`"PT80`-,@`@!$A"`+"6`1QH@0P)470Q@Q*>ONP*@P!0P!(B\1@2!0#^1=R2
MZP,*@-!%"1L#7,*`VR[-=-.L,2!!D8GR,.VX`$31,S7W6#W,P0G``.^U1;Q@
MZI5<=N%E#QJHV\6\XLJG\5'SY>A$!"RP($$3`(2%4!<,U%/D#OTAFR,5/II`
MPP,(T```"#!)8$S;R\)SU!4Q3`MB(U%8X6G2="Z1P`#+;/-W(T:<L($$'*-#
MY38".@U[[+++)=\`$@``A;@Y0@'%I@6O>U[I`RB0004=Z(#"`$494Z0A1?)0
M`:B%OUV/%B8,P$!GC.0XQ0GVG=`QWX(4TX6^@A\K.15A:E#!!B1PT0.515`0
M>8Y/.&$DP"S\$*\D$(#:"/,8`0$,N,``SE;^K+Y)H0A%<M3L'@C!"&:$$>2[
M1SW@8YXH]&XF6_/5,"KX`-3\P`EV&H\Q]/4`+2#B"83(1>G@PXLM@&1K2V`!
MI;9W-7TYI'<'01;YBM1#R4%!;]19@A"2<`4D```(_'-A/?#'(Z-E`6##$,<5
MBF"%DR7M"$ZP@@0&8(49G$`%!@A`$*C0!"J<+`=7N%$(#D`I"<IQCG1,A7SX
MQX+?F0<*6?M=CCY8O0[H:$Z^LE,LBA2!"/&H"RT(P*V@\#OY:,IW&(@<#H>1
MKB[H[7RD8QX`SH>L8`PC!P?<U,@`H`%Q-/)F-+.5"A0"@`U4@#HUT]$(K%"I
M?1WA$8P:A(X:UX7^WNV+9G4LIC&/F0DJ_((+47B.%5Z6!2@H!@H!>>:*I)D/
M9G5!"D\(2!>F`!.8%$D'6M!F/K!)JY=1`296@`([488@;*Z3,M3L0A0H-4]F
M/N>>78@F7ZX0!9AL`6N3H=-DHHG+:';A"M[4'$$;`5!^)HL+\Z130!U!IS@B
M<Z,<[:AAT%.:YA'G=8^X`@_,N8KU'*D2`B(I)#KCT9C*=*:DL((*AN'2]$PB
MIW[A*4U_"M2@"G6H1"VJTWQJU*0J=:E,;:I3GPK5J$IUJE2MJE6OBM6L:G6K
M7.VJ5[\*UK"*=:QD+:M9SXK6M*IUK6QMJUO?"M>XRG6N=*VK7>^*U[S^ZG6O
M?.VK7_\*V,`*=K"$+:QA#XO8Q"IVL8QMK&,?"]G(2G:RE*VL92^+V<QJ=K.<
M[:QG/PO:T(IVM*0MK6E/B]K4JG:UK&VM:U\+V]C*=K:TK:UM;XO;W.IVM[SM
MK6]_"]S@"G>XQ"VN<8^+W.0J=[G,;:YSGPO=Z$IWNM2MKG6OB]WL:G>[W.VN
M=[\+WO"*=[SD+:]YSXO>]*IWO>QMKWO?"]_XRG>^]*VO?>^+W_SJ5S5(E9%.
M3Y&:V_37+@$VA686,6!2)/@3"^:$9AJ\WP@?]PHR8,EBVE.:S#RX-%?`<(81
MU-`N'"$&U^$!?Q`#&89V`0@(L/!((\$Y&\#^P$"(V4R!+=,>1D3!`=1QP*P2
MH^'Y-(926["`#%9:8TD,X0;B42F"BP4!-HE`!$EFA`PN$.(.<*`+,K!`%SS0
M@45H(2!./I!8*$`!,HM89#7`98X/7.,R<ZX&!K+"#6BPRR>C6*.R$8<+("`.
MS0@!`B^CS1(F8($FKV<]60C(H"$9Y$ADX09#.%!F7ISD)!?YR'PY`@UN@,LU
M@SK3Z6%$HU><`!>3)L`0_BLC-@E23S""!Q)X3DO+!X'K,&):%F#$!":0:48H
M(=<B]@!*`<2(AU%``P:(@9Y%H3?\B"`L/O7`"OIY`!0H[4#Z^%(FN$""L%#`
MR^M!P0&\R0@7\`C^!07HP@O89`4*X`<XEQ;!`YIP&!0D0P(-@$FKER```&C[
M2H[4MFP^<&U60Z)BVO.EBF@C@ESG=-@/T4&*MAT3`"3@V*'00K8?H>^&-4+?
M`L!IK(4-@8<@P=BG=0(!?M`%&B!!2TV@,)/;5H0@S$"C06A!$AJQA!YH`0<W
ML(`"8&`%+=P`!C0K0@Z6$(.?%\$#!3B!BE2I``0(#@,9:(05:#`#7![!`P1`
M04!Q0*DLX,`%NYP"#'(08I?CA]W/<3L.O*D%'>1`"3O/APQH@$LKY(`+.V!"
M%X)`YY=W00=*T((,E*"#'7@S"C`XP@].3*L7'.`"0-B"`EI0!!K$,0O^-I#!
ML6O@@`MX^0HSN$X/T*+V&$":!R?!0"PF'0.:J:`!38#!S]N$EA4H@`M"($(4
M3$``$!2!!U,I0E@>D82SK.@&#I!W:H1?+0,\O@A5N`$7KD`#P"^4!@\Y@@R6
ML/?\#(413DA`!A(=+`HTX-I;\($+3F(%S6,`YE2`P=T7<0-7(`1%P`0ZP`@_
MX`)*P`@](``JH@,N`$F(80,.,`$\(`X]9R!,T`-<8`.AA@0=0`#@`P0"("]3
M<272%PD6H`$*P"E.0`-+0`-!P`A.!W4@T@/X804RH")7D`,QP!(LDG",L`(-
M,`%LD@45L(*&EP5@%VI:8`,SX!9C5W8!=0/^6G`$3Q=UB"$$YT<#+%$#M%19
M`P%S!@`!).``#,`!($@#7;`@'^``_=8%'P`!'_!Y,4<!TX(!$Z``%O!U&9`!
M#0!)^J8!%"``2L`#;T@!U"$.*0`!*A!F&#`A2N``?@B(.O"&'P($B1"'L$!.
M$F`![^=F`@$Q7P8!"S5N&L"'U9``(=``(C<"'C`!%-`%2<``(V-_`M`!'B``
M,(<J'>,`NK@-1P`.'A``$Z)C&-``#K`"6]``%"`"!=!K<0@!'I!RD'`!)S""
M*L(J^2``:^@"&I`!"P`3`9`T%C`A+P"."_`R*V``(:`!`F`($%"**H``78!H
M2,!O#L`#[!80#T#^97SQ`@M`C2&0!1_0``W@`6JV`@F@&`D0`RCP`1QP`$?@
M`%SG``^1`0?@15X&`5Y&!010`__A<C+`8_;8`A"@;3R``1YP`$A`!1=PD#:$
M:*C(4`H@`P&@;@%`(!?@`0A0:0P3!2C@`!I@"(R@!2#0``S@`5D@`@YP)SQ"
M`W<(`(;7!3<``5"C!$(@`"'0#FNH!&A(`2$P'"Z'!!P0"U93`1D0`&NX/H1(
M'1%@)4RP-\&B`2L($PD0A%V@`E%F)43@`#)``"I"C=3X$![PBP[P!#D``0WP
M(?QC.*CDEH!2`!Z@,?@A*1C'6&+8!0J0-`Q#';;7!0VP90]#`T(0`#_^AP,!
MH$8$@`,P(7SBL`5:<`4.8`@K@`!9D`4?QS`/MVL*(`4.X`1F60U>U@7F.`@7
MQP,"0`5`$`"[Q`4K<`!5P`4H*0M-<``0(`$:\#(J<``PT0!-(0""<P.!N2);
M8)U/(`4&L`)7L`0$<&TY$``PAP`O0`7P""@'T`4LH`"48@$7PA<LDBI9H`#;
MD)I2$`0!0!T>0)SLIW@'<&T_0`!5`#JX%)M7``%AH0#7=@&Q,&866IL"\'-_
MV`4:$`L+.:)=-Q#X<00"4`110``G\6H"$!9*,(H6<):R`)TT4`("$`4Q<`!#
MD`480)PVJDD-(`$*\',V0``PHI&.,!!"@'#^49``DI@J8[8%')`T`IH">MF=
M7>``J?*++Z.?BJ$%6]`!VY"<2]``818)0GJ<#P&?JXD#2><(/1``BL`P)T$!
M$Y*'VT0`\\8(^CDN!#`,R?ES%8`K"\E0!["E7"<0!.`H'>H`88$`"=<(N[<$
M"A`%*_`!S$D%![I+',`!/]"<7R:+N]D%=MI_"+"HUY8`VH8$NVA/&B59[!>?
M79``6YJ<AG<!&L`%"I`J5W!TWD(I3!``0%`$%]<%BMHV%'`""A`6*:``6^!Y
MJ<(P0M((PK>L(N`!&<`%!I!'^6D`!")R#%,%^JD%C(`!"M``"G``&N"D`@`V
M+=D%%\"N[AH"=EK^J`'`$BIP`22@`%`@!:,(</AAK#!W`"Y0!:.(`M]R`5W7
M!1EPHRNB`-HFH-:JFNSH``J@``YP0_DY`(QG`0U`K0C``RX`L350`2:@`/AQ
M`*E"I#1@`2P;%BJPG\NJ+JBHE^JR`5[6!`*`'UK0`"I``PZ0&CH@`(H@K"90
MG+%P&"R@,AU`';;9&`:P2"T`1T4#`*D23`2P`R2P94X:`$1`:RV`*\"Z8A9`
M`A$0H`JPI4;7KN_:!0C`M28J!!6PMBD9`%&0*`Q`+(W@IBS['&*8K-<A"VEZ
MG"K2JUO``!NK``:0*D;9`!:0!#K@GH/0@-4P(3:K&!E:KQ-2L#$WLRW^BZN1
MVYM=0`$M4($`<ZX&X``)H`#.B`".VP`$4HC'604N@`"*@0`P,+`&*P#\T6J`
M]02RBK8\0)X9`*]H*!#=:)K[&@5:^2<-NV(.88\XH)?#]ZNI8G$LX0C:F@0<
M&V:?V`C%D[BX>Y/7<0(0P%!8(PM.(`!#D0!)4P+LJP5/D$4!P!\WH)HQ(`!C
M%K!4,(KPRR,,@Q9?8P6C:+-?U@`!00$06RR52K$82P7(VTU40)6400$*(`$.
M(`$&@!8A<`$2,!/\\Q`2@!^>>P$?,`36*P'8NP(%H`@<4+LDNJS?8L,/XT`H
M((]KR!>A"W!;!\&,X"UJAJ[%":\1>ZH'``+^"O`G&2!_U+$8\"L$3W``!)!'
M"N`"5U`(]G`MNG!M]=N^4<`%#'!MR^H`31``AA`"3(N\?W("!"`>Y1L+.4"H
MQQF]20L)R8FGF>NH%N`!U>($VB0$!!`!V!F[MJN-):J]GCMNLXB@`'/"*7S&
M/?(M+4``!_`$IEG!!/`$`T4%.F``%URHF6NN,-#(+W`%`L`C2'"K53#'E(4_
MEIDT?]0%$2"+KRL"$^`+(RH!)M``UV(>0A($`L#"#:`!(I``V%L"!*`8`L"T
M[4<!S@DH!!`0]Q`+1Z``'^`!_((2!T`!3L`_*I(!!O`!"CL!'8`"\O:^`("]
M*!``4V`%Z;S.^`'^`?.K`02P0`4``AZ0`$[0,X)S"`10`A,``):Y`AU##3O:
M!<EZ`<`,KX<!`@<@`UP@`$EC'BIBEBB0`3PB#B<S%5(@`,J0B1`0$$Z@`!P0
M`@D0%N38!1VI#QR@S-00)AD0`@&P(1)0BB8@`*AK)5L0`0T@.(7LQ)"0`@Q0
M`A*P`>(@`<!68R?PO_]Q`@/P'-KL`=V<!+^*+!'@``%!`P&09H\`:Q+0G%P0
M`-J&RR30``/W`11=!1/``>L,<]#<",@7;Q2@UM>"`P`P=B70`,A28Q0`;%N@
M`1%0`@QP+;ZB"(<!!0@0SOQC>!)@)47@`")@`A1@<AU`LHPP`P"0!)G^:'@1
M$`&`(@#/S+0Q$``>``(`X`-6D``;L-(M?2V+<0(ZF:Q60@@:?0$<S28DRM$\
M8L43(,[+L@*E;=%)$P("(`(@`*E=(`#78EE6P`(JDB4GZ!8X8(`5VP,MP"R$
M=P)#\&HM$&I<@`,O\03?G3!!X&Q<4-T$<@(/P0A"$`.,``4M(-!2T`+<+0M`
M8`).``4KX!84I@(A26$GX!5>UP+#\-\/06$HX!54$`,\L`,"`$E#<`)&1`59
M\#&(P0,M@`0NH`@P4`0:;GA"``,SV`)*4)?$$04J8`C5O03B31DY@`(RH%$\
ML(:.\("RZ0+X`70H,`1(\'/5G0/8NP1`GC#^6W@$*D!+.6`()KXNV#N+V`BX
M$RL+%KX#?%'DD&#BA]'EC3`%+>`"+U,$,$`I4,`"D%0%%0L)5I#@AW?BQP`2
M4=`".N`$4_'?!"X#)X`#BM'>77ZN=@X2-70%/P`4M+HN1\$%/&`"4\$$,@X)
M_`W0`![EFM,"*#`4KL!VLB#=5<P";K'E7U[=6M#A2_`"B(("0H`$#]'>C3`$
M)\[>@\X"N*0%.7`"-KX(MH[K*];?_SU%<3[J-_"%!(`6K1Y:6_"RF*81PVL)
M0J`$40`!R,+LA5[!+/H7.04%0J``,,?LFN`$.(``D&8<W;[LF(`$6-0!$%!@
MEH5APZ$%$?!CL8;^;"@6(&:F4Y<&4J.Q:"?W&(N1`P@PM'.,[U5&\$G&`0E`
M`3"G'CG6[_*.8Y<F'$!&:A=F:<$F#C!``(NT\/;^7\CF9(PPT7)C9F5V8_:N
M4CA69;2A[QS_&,'&\JM6\!\6\\,A&^V.%)%6\!'?!4A0#"'P"YC)631/:LL!
M%SGE4OU%[G2Q[OS%5$G?7DAE]!*V64M0!&71HD4`$J_#.TY:\XZ@0:E0`QIE
MA47P)]]&"4Y0!)7Q7T@?'.BQ`V5?+(:[%XY``W.L!><.]PRV4PZ&)HUP$D50
M:9<!^#4V^"PE[WJ/$4[?6TX@!2O``O<$=I;`""4@BXW`<I'``RKW<P/^_PD<
MX!:-<`0?\*E_^PDU8!TO(P4B[PA:$)*A0!H\(/>;4`)@"'0,D/>AT`'^5FQ5
M(`0#%_6/$`74P.P"@A_A]V'&OQ@SL(8P-0E4(.6%(07/GUTW8`A5B7;>NPA+
MP&?'0`%3$0*?CP0T$P4=,`.R.7I'$$=H%`E44`1.(1#LWU#_`FZAN.3<X))6
MX`24$OX.M5!*X+U;``A.78-%)%U<75HR'5%=6TE(CC\82HA43(-74%9-@TM*
M@UU14(-45$F-HAPS6:%=646"HE1'5Z%:15TK1ZY=-$4XH4Y415J#3\3&7::#
M3L960U.#(E:A1RJ#)[Q=PX-15]V(74V=75?^WTHVC+U.Q>915H)92\JN[<M4
MI?E50_FB73=N)%(2"2`.<(,">B/5"U>G+(M2=8%BJTN15ER8.'N5Z]60:EV2
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M-S1^W(6Q8UXT:`SJ<(4*8L5PJR$Z@F(0B21=Q#`$#[698((3.L@PB`Q%%%$6
M$AD4$<4.(E3A2A%'\%!"%T@T9T44+BRQ`H"A8,A#"DZT,$@+3UB!6`B+<:'#
M5[.YL)P'2@B!S0WRX<`#$2N(8XYU**B%PPCZ=?%#,%90$(D3,-@P!$L4Y%.$
M"/)UP8%`6NR6$`<Y8H-#"$APD1N(@I00C`E`U-;%#"ZHQ04*6X`8!8/+C6"A
M#LAE%HH,/2Q!Q18A[J"#.13PL$0-+A3!PU=;12KII)16:NFEF%:%B$+^QBG'
MA0=;X`#@%2`8@\@)2P!1U@=:X-!1#.2AD(L-.U3QPB'FO(#(<[AJ@8@1_7$0
MB1`M6`&")1A4%-('4-0@$`I"^/(J>;1ALX-:,$0BCA,>_##($<IM05U<5X20
M*R)_05%:%R>H-44)3O2ERQ$^]-?%!_F@4-`@XB[S01<H'!I%"%S@.XBPAR`R
M0RXY>-M%!Y$,$6S$_3D[2%Q<O`7LO2!Q^`&":OV@%EQ5L!!,%R(0,]IR1S1A
MPK?8"#D3"DLL\7(7+N2CQ(:#<*&,OC!<D04VOG:QL0=<Y,#E(/_F8.]CHE&A
M8!<L..S(6U6`T`6XN':Q!#;`C.9J$?+Q@(/^MS'PQ\T-7R6A("(Y**<+$CPH
M>$4+;X%HC@HMJ*5"%EFP4`4V2M360B-S<=C?$O*VX"TB01S:54<P/+%%!M78
MD%D('6?J^>>@AR[ZZ%)Y-8@-`G4!0KD[``$$Y[BF$,D'5B!)^R`T*"BK+R++
M]Q82'A0AA`PVAK*$$"Y@`T(^1H38'R*P#X*$"%(L\58*N7``4@WR:1&!($^H
MB(*0H81P5Q'/5Q'$#QID<<6_P`LO@PQ-G#`(]J*@D(,)14@L1`]9"D&^.A**
M*``!!QX`6"ZH0`(K_`L1*B`@%TP@*"'\"RY6ZL_R+&(_TZG.0L=+WKWR@8CI
M50$%WD)!#(0P!!'^@*@C)VC""CI2A!4XP7Y;L]<MAB`$#CB!,,O8@!"`P`-#
M[+"'3]"!$I0@GXP@#QL)Q(%`J"`$]BT'4C;@@19_8`(B#$$%=RE@$!!H$;F%
M0@5:L`$5@L"%$EAA:%R0P16$D`41=.$%3P#"$BX"@UQT!5(TX,$/Y#,$^R'"
M`RCA@08&40,D#$<764".%A*("!,D@0DOJ\$)O`C&1'3!!+PXI#]H4`/5G>XK
M7*`&Z5;)RE:Z\I5/V53J/"B"<D$A"X:!8"[J=H(KJ,`?-U#+"7(1R"*H:#\;
MHH*RN@`$(G1A",H1H-%<<$-<J7(_F8$@+T[@CRQVH08K*!X,?)"E4"#^H@H=
ML$A_DC@H<FFM",FT!1(R$\$N2"$%.%#0%%K!MFGD:QLE]($6HJ"U>C+P?;'3
M%C-1D*,DD,`GTIRGZO*!A/[,('6U%$(1N/!%DED#&U$HS0F$P`4J&*.>[&I"
M#6A8@^L0XGF#R`(.?(*")@"1"J"J0FQ"<869LDL)4?`!8IBYT8Y^0$8ZZ&D5
MM-`T0(JL!SXHRQ24$="!FHMK0N(!$NZB1Q?`+0G>TFIM^J<62,2`A``II2^$
M*A\EL`!7)M#"%E2@@F@QD0:@``(PKJ"%#2%B!5%00G]LH,]Z=`$&:GE+81+R
M@RV8"R`8-0PL)TO9REJ6*[[(D@VRU`$M\.#^K5L`R:E>!0$N*,%&3EC!6U3@
M+1G(YS^AU4PNK%`/#PB"!B_C0#Z(\+(0,*P!,^%@PCZ9"R2HR`G8P"F[IO0#
M!_CD%OD`@HJ08(@9W.H)E9GD%K)0@@5:Y&;=708(JA`"E.0C/H/P0#Y44!PN
MG,I;0\A`%\)+A72RX"M(8``H_-,(1/P`&[JUR(8"#$\!;\T!6@!!)V@P8,,4
MX68HN"0)C"$-%-@O,<OXFQ92H`4D\"P)&Q**N;*@@2;L;$7!$)HU1KR!;;ZU
M"[;UQ<LTP(4:"/*M4*"`<3"PA?=I@6T%:P05A'2"'CQSD1[V9"E(X"TJE.!0
M'!H!*)80`EYL^"O^A+(1+HVC@1Z7Z@;RDD&TO#F#&EPA@:JS(UX^L+)'=4$(
MM:'N1%RX#$MT80HC4.86E'#<%>`%S>B%,6V7>=E"&_K0EPU"$`:AZ$'$H!IT
MXX$LNE(.)X3@+4D0I#^N`(,F#!$O0EBI.8@(A'I0(0:N"T;0QB&0*Q#10<IJ
M`BH30IZ0\*`'^;@!>:@@G_HVA-3*,)L6R)F$5>?&"EL067&<D+H;8(+3R_`!
M#Z+5Z`#9@M/[VH*-'0003%BA+&;B06[*087$9D)!,;`%$P2RZB8(A`M"P$$/
M9)`%*\A@?:-9-2+<[8FO-$&+D5#!CWZ0"BAHT2=+>+=W<E`/!P$G"E'^*.5E
MM"A9!RF!?EV0@0]*(0,@_"#?;R[.HTYK)AT8(5!=:'2Y>3"E6]`J-X,0#482
M(8+GMD`641"!,7PY$Q4LVA?16C=`LH5R($0K$:_&RPP0\>D9O*T+*JAUN$L=
M<X9;0=I3@L@@H"`$&O@DTSVP$+137IS#FNGHB$Z[VM?.]I^0SW-OQ\IE=.B*
MN$/%[FYW)=Z7LO>FO!T1^N*[W?N>]TF1;^^$ASMDN\:4OT/=F589?-T9W_;*
M6_[RF4H\WWN!^,D[/O&:IWPOI'"@J8A#2*$_/.?]WC6\AW[U/8-][*-R>@4.
M5U.L+WSC1;][WN>^][Z7/>J[8`.);YXI/U#^D3EUOWS@TQ[ST(^^]*>/*8A3
MO_*TO3ZBKT!HJ30AN-H/O_C'3_[RF__\Z$^_^M?/_O:[__WPC[_\YT__^MO_
M_OC/O_[WS__^^___`!B``CB`!%B`!GB`")B`"KB`#-B`#OB`$!B!$CB!%%B!
M%GB!&)B!&KB!'-B!'OB!(!B"(CB")%B")GB"*)B"*KB"+-B"+OB",!B#,CB#
M-%B#-GB#.)B#.KB#/-B#/OB#0!B$0CB$1%B$1GB$2)B$2KB$3-B$3OB$4!B%
M4CB%5%B%5GB%6)B%6KB%7-B%7OB%8!B&8CB&9%B&9GB&:)B&:KB&;-B&;OB&
M<!B'<CB'=%B'=GC^AWB8AWJXAWS8AW[XAX`8B((XB(18B(9XB(B8B(JXB(S8
MB([XB)`8B9(XB918B99XB9B8B9JXB9S8B9[XB:`8BJ(XBJ18BJ:(*:^W2JDH
M>_JWBE+ABJC8?.T'BZ?X@+2(>;>8=KFHBI:RB[58:'SU+3$@"UNA!58@),:(
M%5=P`PP12]PG%^9@`\V(>U?!!3M5:$FS+X;'3&47?*'S`]Z"!#K@BS_18]R'
M*5IPCE)Q!=+XBX6F!0WP5E*@`!!`0,%'>%L@`8:$,I0T>U<@`Q+!>/L&`'?A
M7D[A!`K@``J``5(`!0`@.;+(?,['%$]0`(_S$Z["BI/G=N*0`_:8=XC^L`4#
M8#_4X7K'MQ02,`&SAQ5$9'K+1P$1\$D"8%@GZ12U]P,(H)!((GR:X@,4T``'
M,&NLUP0$Z8WN2#I:D`#88`,"0(Q<D'V)<(R)<(W6B`B`XPHFP`"M<`4)$`S6
M:!G+`0`%D8YOYP0"X"VV$%K*4&_"(``T0`40H!,"L''+Y#[B8)?7Z`AYZ0KJ
M:`Z^4@].$`!&5@5<D`5"`0"SIF*9L`4^4Y7!V#./B00`D#H_89A5F0@*X&=?
MZ0IVR5/*TF,T>0BVH`'R%5/=QU?IZ`ID60H&8`@RDP5/V0J=.97B8%.ZH`#*
M8(SBH)BK*9J(H&):8`S!Q0,!,`1+8``J<HS^6V`JCWF.UD@%2S4(NAD*+A``
M!*<$'=&7?%68K[`%3D``&W>4E964,3`#!.``!2`G<'$!@S`""20$%*``&T`>
M/F``@J`!BX0K12``4^(#3=D%+=``#/!6+6``#F``/\`%%W``&$",W$``*_"3
MXZB/AT`!M8$(@:D6*\``2&``*D`!#.`P.``!"I!G`+H`(9```68%&,"@G2`.
M<\$`#-`"B)`!.B`".H:AQ5D$!A`"#1`!!E0`#G``;^4#"9"9;Y$!.Q`"&B`$
M!^"C$T`>7$`"!@`!20`$0HJ<HM<!$?`!"4`"L:$`V/`#"I"9)20!!Z`!%C(#
M#8``H42E$A`MXE#^!25P`"=@`1C@""W```V`-Z&0!1&``1B``/("GPF@`3UQ
M`&V*9H.P`1E0`@;P`30``0@P&D>`IFH*8Z6A`@H@#E#0E<NP`-X"GPI08EU0
MGX+@J.S"`C-P`#/1`P$@"!E@`5P@`44``;^D`0E``='BI$-P!0O0`B+`GOQX
M"PI0%J[P`@J0`%.CI"%P`4CPDR^0GD8IGJ&S!0G@9S%``%2'"#@@`)9C`+42
M`#&0!2&@`$H2JUU@`<3*+PWP,AX0DRY@`$S`!`9@(]OJ+1R0IS.`8+CB!`6`
M`70:`%/`J2Q!``IEEL%@`1D`!01``E)@`0W`3`$`!%4@`1N@"P+03`'^4!L9
MD*<RX`!O@0CS6J]:F@$98`*CH:-#,`0`(`-.@``)]`,$(`-<\`0$L`-<,`%O
MA;),]@,!`+,(4!HMH`!70`0*L`1#4+,TB0@<(``:%0`V<@`N8`4"P`,[^U9*
MT`1:8*%7\+)74`TL8+1&@``^@0@M$`#"0P!$:P#D<*_&:@%14`("0`53(`#T
MYJ/SH`!@&GL:H``Y$@"K(P(3NP1<R[/K6@%0AYNA0`'R=0,',%`"4*[GV@6P
MV@D68`$`(P$FX!8Q%P!*<`4*T!]QB0(^``&L$@/@V@4PB0(&P`4[(`!0H`4'
MH'!"0`""<'I%<`5%<`"D@+(F0`,.0`%74`+^`1">U@I+6J``RD&<#DH%!.`J
M,UFTQA"8+1L`Y'$!\H4(@,<`WJ,B".!GNH``Z2H%44``&8`"(@``ZIFA7A,`
M0J`$H`L#$QL*3:"H]`A4`>`WY/NQGVLK"<"8"M`"T)N^ZQM&22F^*X"N&J!C
M]E"<0Z"N&*"Y9NDW!B`"*Q`!!M`>#@RK@B"H7=``$X`"*```*U`%@KF2@P#"
M7>"_!Q`#,D``(Y#!!F`,-<`"$X`-&*``.)`Q(FP"*!``,*6]*RQ?X3L(*Y``
MRK`%8NH=`4`%+Z#$W&"=77#$0N*_%0QU"&##.-P?[+JX(_LF!7`%'+"IC!N8
M#1(`F'`![+D"KAK^>SQPG@LY9`FP(<Z+F=CP!`I``&H1!060`TN+$HAPQP8I
M"G25M%V``3JV!%?;!4R0PN28O%>QO-APQZZ`GQ]@1TG<"H\L/!*<I[%7!`J@
M`P<`($T,=0G@Q%(@!00@`B_@`H/1EG?!R&K!`"5``4W4#`1``U)@"^Z+`@P,
MRL1I!2X0P%N``"Y0!000`C#@`K#2,PN0&2G`P-LK#!`<`)UP`7FZ!/NK"U3;
M`C$@'R@;<P*`N8O4`!@0`RP0`T;P!,?+>QA`K"",`.5YK^",`TWR`6?6'U=`
M`PJ00`V0`3``SE.""'@Z"$3,O(/`J>*PO,W[Q#"``)R\L5U`I(P'PF;^>1<I
MP`!-$A<>8#]LO+BFT@5/<``MX`"YL,"<K+9"\,DB'7O^&0118`S+ZV<\(`#D
MP95^5@,)@``G@\E&5`H%X":0<P`_X`0+D+WRI02-S,C(*\FM1+O]H0/J&GL[
M4``'$"WG2\`=X``6`0`Q4`0)4)JW``$$8`'&L*U'@`0$4!M"<+6?0CM00`/!
MQ00$0`%/(`*KBP(%T``H@2M-T,UO$9AW@0('8!$!L`-0X`"E8=CN=0#*P0&T
M$P4T,-)JS=:U40&:&WM.```M"P"8J[E30``M,%`(X`-7,"#K2JS$&=IW)`%1
M0`4U(`7*7+6'=3+SP<=``-85W0)7<`"H747^5A``,P"7*W`%/&`%$E`:+@"D
MLMU?AP4`1"0`B[2M2'`$!`!NB8``_;$#`0`/I%U?#X`(#J!>KI"Y[ZL6P!R8
MO`P!_5$!BHL"6WS)!8#6HA#>'C"Q10``?80`>9H"!T`=GYN[VZT<6A"75-`"
M!*!,Q"T#V.L7!8``!7U&`8`#3%`$2P`#LAO'F(#>6N``L!T"[%NM4(V.$&`C
M/Y``SZ4:$``!RG`$.\PLA\`"")`"',"HU'D`%QI'#N``-GL((D``WD("95H"
M`NX$#$`"%"`!1L82!X#C$Y$`[341"N`M+>#BWB$!"X`"U>`"I<4%$'`K5F`"
M94H"J!>R/GY(4`[^!0=P!+WK$QV`9C!``#92!!60D&IQXX.0XCZAYUP``PQ0
MJOG@`ME]!8G=-1H``2+`O+!YXA81GPZ@%C?``!G@`I5-H@UZ"/2[`!I@&+ZD
M`"%@`0\D`P_0`#\NG1"@(GQN$3&>"CQP`!>47J7A!`FP<5>^')3^`K51QG=4
M6JY`G#920JT^XP>``AW`W!%`5<R4`,1XX&X2!1ZPD+R``EVV!1A@+E8``?[J
M"EM@`Q?0IK?R`>%[`J#0`>FT-1C@`"=0Y27^2D7C,R@9[#U3-+=P-4M![SU#
M/N("HW%G*MR[#`@PY;=`/N\NX/`^[_R">G;7+](IX/5^\,O9,XR9[S#^*N!+
M+.`,?PBM8`.1ZPKC7`_X/O$);Y#N=7BAZ0B'@/%Q-_$'GS`$[_#]DC$2/_(A
M.;+UL!^^VQ"J!^\M7^^JJ>^[6<BPV0434#QNQYC<.[(U;TZ(</+M#DN((`,*
M$`&=,Y%;$7>U5P(J*G?/9Y.5HGFUYPI4X*"LJY*BYWB4A_6K%\F1%Q4D=@!^
M<GL1R?5GGW$*(`%5K\)SO_=/?UE*@`,!>5E#D%0#V"#[)TALCQ5_#]U]W_B.
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M`+!$^H,T]$-%6)+5I?13OL63@S,915.DA3@$E+B(A,>3%E&Z1!$BA(N3%B2*
M7*%GCY"3(32R`-G^$62(L'<VB@"9A*B(NBX^?ORXHN7(CX*?#)4`4.&;S)DT
M:]J\B3.G3ECB`"AQUK++B!9;IIS00D5&EQDYNL@88@5(%QPPN'RH`D6+E11.
MJ*"8Q(4+#B1=8F1X)TG)(QM2GTC-X:*+BR%7J%PA<8)DW+!E.61A,J(+%:Y4
M\HK(JZ5%$2XJF@0U`7.GY,F4*UN^C+FR(27CRFWL="4#R!)*ELAX@H+0$&F-
M.G0A\;,+BR*$1-#N(N11ER(FNHB00BB#%1+K#E$)X>0%4.*[>Q]:0;N*!]FW
M2?`0D2A'#4(R8@#=9`CRA.^9RYL_CSZ]^LLR)G'VV26+TD]4O&_I<L+^R0\G
M-%S\\$&#$$KD$`0*O4F!0A-;?-`##SS`4-P)1Q!2A`Y1@`"$@S-H(<EN.@11
MP@LZT-#%?4JP0,@.0CASA7-'`.-!@SS,H$1@791P`P\_R!#;)@,20D)DN_VP
M7I%&'HEDDDI^\@`&[XSS$P8/>&)(#M)T`5@7*D01`VV&"-$"(1H0V844'VA!
MPB4GW%;"$D\4XPP2J?T09A<9%"'$7ET$H1Q^MW7Q1`F$T'"#;XM8<64)Q742
M#@`\O`:`!%V(,\AG2UZ*::::;LJ-!`#`!F60DC+:!0\D+!&%"E5P$9<4+3CQ
M!!-#K/"$$!5<H404.H3)PPU5)`&%,TI`Z$+^!(;(\(,51VBQ!`<'K7`0!9-T
M(`0349Q`1(DJN'/L?"Z4TZL52#P45Q=(P"!%$^5TTE,1*@!PP1,'`-"4I9S>
MBV^^^NY["0SC//#O.#"`$@(5$[FCQ1##("'$.OI94<0642U6HA1"''&?<4=(
M,6&)4`2Q1#A2/;QLB4SP0,42ZVB1[2&PJG8?%U-<W(43MP1311%%N--)%A$`
M<``#`"2@```&W,QOTDHOS;21_HX#=;E4GL!S)4%18N]E5OP,M='K-@UVV&*/
M/9,A+8PC``!Z>N+$=EE;?<C;6.\"]T:?96UWW'2#<L7/:1OP-=F"#TYXX:O8
M,&]<&1O^B14?`.W^&>.23T[YY(84,7#E5'8!PY^:?PYZZ/O*+;HBI9^NF>EO
M'T/>W,[8F[<FL&,2NS&LT]YZ[GK'C??NLOL./%"6WAT\\;D;W_MW<O.UNM[)
M*[*\Z:Z33C?UPH,G?=V0;($\W+X;'WSVNX"?"5^X>S^][L/_CK[VY8>?/ONZ
M[TTZ^=);CWK^^N_//^/J+@'```)0"8O"E0`/J(1]#*,T!PQ@`@_Q!`8V4`E(
MTX($EW!!)8"D"Q9LH`,W2(4D>!"`31`&$Q#HP$5UH0D7%&`2"MA"`3Z0$%!H
MH02?<`AFC1"#&]3A")7P#\'$4("+V"$&5?@_#Q+P$%<0X0X56+,A`A#^AQ!D
M8`PK:$0@&B>#!Q0&"W^X*"XD<8+`6:`1H0B%'2J!BC14(QM]J,0@4L&*#2SA
M%HT8-R.^D(D2C"$:I;C&1=3PA\$B1`<=*$,02A&`PICC#NT8C!/^L(Q=,.`/
MH6A))?[QAV]4X@"#.(TL2$`!#2BE*1O@@`.$Z3X],(`#3GE*!3C&$#YP)2Q-
M*4MG>"`!K[QE`J9#B"8DX):E3*4/G-$$4A+3`08XIMD.T$M8,B`""A2E,F&9
MRC`90I0,6*8JG?$#:!*S`;DTQ"['^<M#)'.<QD3F-;%Y`&=VH07BO"4#),`S
M:T;3E-ETAC6]J4V2V)*8N23$.8F9SD/L<I_^IDRG(=;I37G2DZ&EG&8^1PE0
M?TJ@F]+L)RWK><N"=N&@O@2F.8=I2HXVP*$K?&<#.)K*'CACH@25P#Z>2=&7
MXI,0W,SH1W.ZTEF.%*4E7<1"$0K,%1(5GL?<!TWM&0%NS1.DI[QG-2/@TF)^
M\Z?C+"=)J!I+H1ZUJ`_-JE8?90TM9$$+;&VK6K,@#"ZHU:UM72LCYDK7N2["
MK6OM:UL7L5:V9B&P@=U(8.OJUK@>UJ^!W2M?$;L1O")6K8I=[%SMFD.Z6A:P
MDR6L83LK6&%LP;*2=2QHM1!9P6H6KG&;+%ZKQD')JI:MII5L7Q<7']?V5;&Z
MI6UF;3O7R)(VM*W^]>ML8?O8V>(VK\KE;%YW&S?"SM:WA4CN6Z$86]L6MK6"
ME2YUL^O:[UKWL,Z]+EYY:UWL<F&X@\7N%J;K6>Y.5[!W[:YF3=M>ON+6LOEE
M;?_^"^``"WC`H\L4_@B,X*4=.,$,;K"#'PSA"$MXPA2NL(4OC.$"9WC#'.ZP
MOLR'VDM\%Q(A)K$P2LR]0BS8PRQNL8N=@3)"2.%13N#!#JB`A!T`(6-)4!@/
M<,"#2>1@@UTP0H#N$X5'%0$CE:0!#Q2V!!S0YB%!?K&5KXQE0OR"$#Q0"I'D
MN@\H2"4+,5B1#C+V!!H4QQ`?H0*1;E"H24#!(5^.SVZ<$(0J/"3+?.[^\X:!
MX(,K7$'*2PC"$<ABB"'@4&>TR0$/;M8P10!!"4I@PA/PY(PA1(',#JDD$(A$
M!1J,@(U^+K6I'2R$)A1A"3I;`@VN<(2?L+IF#2-2733=!2``)\I7&$(-G'"%
M'6@!K4OH6!4.4B(J%($*5MA!#LARZFA+6\`\R((/;@P$*BAL(LHFA!)V<(-M
M[>,(2<@U<-Z;ZX)$`<@DL`(4H!UB8=_'"$M(5JE4..U\Z_MSE^O"$6BCL`P1
M*0<ZX`%+JD"6BU#L"/\P!!+"2!L;.)H*5=@!#Z2@!1L\N9(\T$&/]@WRD%<N
MKB$&\_W\B[U@R-40OI7K(=`M\IC+G'`KAD7^S6>.\YSK?.<\[SF$S;<WY[DN
MZ*VK7_MVU[RAGP]^UULZT94^O]ZMKWW-FSK1[0?UY"7]Z%0_W]:?WG5CX,[J
MQ7L?V<6'];#'3^Q0S[K7W]=VM7/]=6VW7R_`KF*VJXY^3/>YW_]^:BKLX`,=
M\(#A#V_X#R`>\8I??.,7SWC(.U[RD9]\X@__>,IK/O.2Y[P''@]ZS8O^\Z/W
M?.8]?WG+;Q[SE#=]Z5\O>M>GGO2C;SWL*T_[W-=>];;G/>IU/_O>`Y_UO._\
M[85/_-S_OO;+#_[L0[][R#=_^*='OO.E'WOF&S_YJ.^`"'YR<U,(H0$%.,``
M`H#^]*M__>QOO_O^WP__^,M__0*8O_WO3W_\ZW___.^___\/?_4'@``H@`-H
M@`>(@`D8?P6H@/?'@`T(@0'P@.Q7@!.H?Q-8?@F@#-?P!$2S``K``2[``BW`
M`BO``B-X@BFH@BB8@B2X@BOH@B_8@C*H@C%8@C2(@SDX@SEH@R:H@S_X@C8H
M@ST8A#Q8@SH8@T((@T=HA$V(@T0(A%%X@DJXA"GH@U((A%3(A"=XA3M(@S:H
MA5X8ABPXA4AHADYX@UB8A6?(A6JXAFC8A67XA%OXA5\XAE7HA4#H`A2```I0
M`)XC"X:``@:@``X`28"'B(E8'EM0`@B``$YB#5G@``E@"ZIS=ZQC/KW^@(F;
M"#UTEXDJUXF:"#W'<(F>2'>F^(FIR(FO4XJM>#VBR(JA"(JQ"(JK"(NW.(NB
M:(NYR(NIZ(F[>(FVZ(JNB(K`:(RH:(J_.(JRJ(IY=XRTB(O,LXS0V(N8J(S4
M&(S3*(W#^(K8^(RZB(QW=XW1Z(W.J(W5>([26([K.(RK&`P5H``B%4H18``<
M,#^*B(_Y:!.&``,'4``[<(^K,`0'<`#VJ(\'B9#[6"H&8`"/$GZ;PP,%D``&
MF9`5:9'<P`,,B5:!V`4]()'V^)`7*9(CR0FTI)'6$)$(0)$DR9(MF0H9:0`R
M%9(EN9`JZ9(WB9.A8`@PN9'3D)$VF9-!*93^F9"1!^"0')F1$SF42[F4.WD`
M#8F2!@"43$F5.<F3`8D*.UD`4UF573F2)@F5U>"12NF593F25SF3V!.12IF6
M9NF6^K:3)]F6FY"2*_F6=ZF(5SD-AC"6=HF7?]ES3AF6U)"2&P"8A_EW,"F3
M2+F5?HF8CRER<3F8/BF5C@F9E[EO:(F4E8F9G0ER@KF8/MF8GDF:^J:7A&D`
M9%F:J^EG@MF3-M>1H\F:L]EGFAD+<:F:M*F;+0:6KQD+=;F;P>EBM@F;'FF3
M<RF<R8DZDGF4E)F;R@F=%`:3QU0-P!F=UQEAKHF5IZ"5SXF=WYE@IWF;I2*;
MX&F>`]:;4<F5Y\G^GO]%G*\0EPB@`>U)G_S#G"CYD?6IG_I3E,T)F]:YGP$:
M.N\)"S]IF0**H(.CG7M9DP>:H`\Z-N(I"P`*H14Z-I(9FA.:F@YJH1W*+Q(*
MG[&YGAY*H@7&`T_IGR&:E!Q:HBV:*2<:D]N)"A3JHC6J*??)H,8)DC;*HYI"
MH*^PHCTJI$NRH(19GD.*I$8"HJ[0G2R:I$\Z&1@JHZ6@E2,*I5=Z&4L*I)R)
MI5UJ&=J)G&+WD_/II65*&3":H;^9GV;*ICB!HYOIG6TJI]T0ET:IGDXZIWF*
MFE`9IG-#HWH*J-:0GF*9GWT:J(>J"3_*"DV*J(W*H(K:"G_JJ).Z"EK^NJ@-
M2JF9N@I%2IE6JJF?*@J*.:6D@)MX"JJG:C66&JE<BJJM^@F0J@I5:JJN>JJ@
M.:JET)>TJJMT>9*/6JB["JQZ`Z.^6:!'&JS!"JO@$)MQ>JRM.JA&B@"&F3H<
M>:O-*I+)J@H&*AGOQ06X!0HKAEW>X*W6BF6<6IRLFA,:,``#```<0"9]URCC
M\3LY0`(/(``@P!(!^76=<!]:(&0`T!OCNG?DNF'8RIWDZ:DTX2DY(`0&```R
ME6)0%P4>H#B9D`4;8#0VH`1M<H]GYW248`,(\!-&D`&^::@$NS_/ZIP[FA,4
M`!\Y``!Y80A/0&K!X!A1T`3[8!<\M02'J&7^``"))*9!SD`%CG$%:P5$6^`8
MD*`R0-$$P$$%_;H$A;0%3P`P/&`%6C`%4H4KF+0$5K`%2P!;*"N=<LF1.JH3
MAN"R/_$N,S`I$H!^$K"T-2`T&R`T3P`%D8(;"3`.5W((&```!6$(&4,#?'L`
M)V`((1``0```)@&T%P``#Q`$A!`$#Q```\`!DZ`%G\("`9!K?!L`%?`$6^"P
M`0``&]`#`!L,)^"P"4`B70"S%0"Y";`B9#MA]WFRD*"M.^$I'!`"!K`!B3!*
M6[`%"B`I5#``"F`%-C`.3I"W%-`%`%,.1K`X5["N8PNS>7$#GP(I#S`"#S$.
MJV8T3W(!7%`$``#^O5HP``@@`8/P`RNB!`$@#3X#`"L"LX(2)(5R`@!0*-L[
M`$;`&:-BNQ.FJJP@J37A*1B@``,P"%'P*281)%8P`_1""!,``%"0MS$!,!X@
M!/MUO9``N`H4`0.`'P"0.3`+3/M[+N3`#@#@!%S`KBQ!!37P`!40`*/B*3^1
MO5U@`!'`4Y$!L[UAO0-`9`/<8.:JHFNJ$Y[R!`[,`),R-`F0F@]`!2Q`P5W@
MLABLM\?!KM"[")`[N<1;2=>KM@!@!>^B`X00Q(2POSV`L;$!&41RN=P"MR<P
M`SU,""Y;;C"[)>C+4P-@`%VP`]P[Q&-KQ`TFJKFK"`=,$Q4`'R'0N#S^7`R&
M$"P3C")6P+=X*R0E(KV+$`,`P`"PY0$LG`4&,"60T12P"[2$`+A90`,`0)V`
M^UX?+`Y-H04(,"58_+(`4`P)<`#NX`3<N[UY<04&,`"&?,@$]J:=.JO88`@Y
M3!(`,!TN$+DG$`$^?`4`\P&>`@`TZ\<8$`*C?`&+<!\M8+H5<`(*,+6`?`(`
M`Y!!DLHP&P`:`+CVF,V?XLAAD@4?G`4,,``F(`$/X,/S!``*P`(PFR8\4,W&
MK,,`("A7,,?)#&$&:PKQV<S9T`(;4!!90`(AX`Y4``,4P!6&Q!!1X,A.8`4;
M$"9"$`(7@+67$`5!X`$5(`/W804\0`$SH`O^7:`#&'`;V1L$&Z`/AB0$&*`"
M5*0%(T`""G0%*A`"M0(G>W(!+:`$%9#&91(#%;`#(&$$%V#+(S`"X2K1Z%DJ
M3YFFQ9JPF2$$^_`$H4L-@RRS8^UW!5RI&UJMSEP\PC#"`),`B"8\I!.QG?AR
MSK#&8AW818?8XDC.BSW8<HW(*$H-?&FL-P&.A'#8'+0#*;`#WFHO8KP]`GL)
M"P&(OP-TF#$\GTC9.GDW<54[C!`6K*W8LSB-A0#:/8J[<'K1EW&RBKP)GOT*
M(W8>P/V@L7V*LDT>I2T^.E%+DSFADVT3,!`"'7T")D`%6J`#'Z`"2P!%3T`"
M(W`SC:`"+."M/5#^`B509UK``BEP`I24<IT@!2>0`M&],Z$@#F3J"OT<RIA`
M`],-;65R`N$=%BJ@`F*M#1@+!7?AMIV`!'BQ@4O!WR1!`E5!"#\0`A_'!2QP
M`DH=`@6!!"60X1^0.24B`R1`G53@U$=]"%'0`A^PM$]ZV^.)MCMQ`A6``1LP
M+]<2`![@L#*%&P```3]S&TW@R$2L-T$"RAD3!%#3(XH=!3"`-"4RV`++&02P
M`46SH[&]$?<A#@*LV'$E=%_.(A]\"=QLF.4\#@:@!5NPKEA@C>.S"^-ZV5@N
M/9ZBQ:-"W(L`LP`0`(4$!:;+OY#B*(2`RH#%KAB@`15P"]NK`!N`SC#^-@YI
M\AH,P`'LZK8R`,H48``XQ-LM)@0YH`5%8`2'@!#F\@]&X.F'X`,]8-..U@.U
MRP4E41D4?0I!2AG%/"5?:RYZVP7TR%8#<.L`4``!8`!CN[\(``"W`<D.&SF[
MX,C+3I/B$!-<\#/XM@G0?M><H+['/#<NRY#%`;?"C@4E4MN;0Z6$T.P<1"HP
MR[?;T07,R[>%8N028`C[F\894\K:?@@Z$+/D00'L*BBY!<4^[,_K,$V)^#,5
M(#0*<`OWE`(`\+0(0`!\ZQV0DA>.+`2>4@Y4(,W7+JAES=QJFM8SL0_^XAV6
ML,\#P`5Y"^E!@D,XH`3&7#6&$"0-KPSW!+C^Y:`%/U`!%?`#[V7#`(``)5`$
M#\`E80(%,*``)Q`XA+#EA.`I!7'T2;\N3Q`!_UX"$&`PNEX$'O``0\8Y#U"[
M,_``4&`%+*``&.`#^Q`%#U`$02`-2Z`"$M"P`8#,NQZS`%!N5P``'Z```8!:
M'&"80L``,V`#!CT)@D_X"=`"3)T##^`!H5XF+9``%_`#;/T`)_`##R`#+)'S
M.U_Y3N_"5"`!>9$%+<``#\#CNX#0!G`EOSL"?QXDH_PH\`P4]_X/]W&_4,YE
M!O`"#OT=#NP!3Z#KU)RO?N?(AJGO:?(S%+`S"I``Z["_4K$%_OS*`^,O8<*\
MHYT3=)V5Y,FL-_'^,PW7[ON^PUTPZ%V`!1&M"/N[`Q0``2M$+V\,*0*^[S)@
M["$@!#@``)#L`E:0FC,`"!0`0EU<78=+``<E'A$_74\&"C2"A(D2AQ,`4%``
MF#8`(3``%%U*`!^'#P-=-A@\(0`SIJ&HB0,P#``&5X>^OA(`10$D73J#!P-:
M6@,`73L`H2.A73?1(23478(QL39=,Z^QLZ<`&"H`"%9=L2HIVL&<GEW3)3`F
MO[_0+2<`6UL`3K0`<*-+-AX;&'0Q`2!'H4-9F@%X4.10#@`#B*WKPF###P#X
MMG2!$2)!A291)A["`&!)OI<P8\J<2;.FS9LX<^K<R1-F,"1=K@PPL`W^`%`D
M`(IU213BD)(``!3TNM1%@L*>6'<:XF'`0(^'66EN+8"``]BP:&$:"H+JD*$G
M&*-TN8BO2PD`.@I%')`E'T,@-0!<&66E0LLN`UH<:C%`9#`EU29*80=@<I<$
M#_*=,K`!@00C]"H?PKR4U"%!\C!5P'`("``G71X$T)(21A<J5H0$(7UJ`-`5
M@[H(V=47)FH/1#,D$*J,&2MH'KI$#&`,0'3F7#H!65G*2FX@"#+WAC)26.U#
MHUS&2UEA2[.*:N<"8)$$@!$C`)2P(&@0@(]$1:"3ER]7Z*!$#\T\T841/2S1
MSP9=\`!`$Q^=T(5()U1@``6@@1`*#=%`EM;^B"26:.*)6`7C$G:&06:-A:5%
MUTHT#&AQR`:#`*"8(2B6R)4!//3X$@\%)&"6D"-F`Y1(61C&PB$?*=7/(](-
MP)<OAC#40THW5)`9:G`1`$``S211E7WRX7.%`0/T<J9+OE!%15>1M&E(/'!A
M4M03G;0G)E0&`/`-.D)<!!LZ!"``0`2TE%(49%986=Q+P431`P!`#&!A``'\
MD]$S`)301:342:CFI]`$"A4KZ`R@**.)5&"1CBXT-*N%$6R2YUR!&A!#3!=9
M&%`_7?3C4#8./5"!L6<]]&(^*E*PW"@>],(C4HP^L<$`%0P$&X](ABONN.3Z
M8IAB;#6E8A=8&/#^`!;E^="%$P-(\(Y2%T40@(CE\K35`4`V>^)8"$#8[TXI
MU7B(%H;9MK`Y*P%@([N28EDL7AQ%@,N93F0!0`I0%+%$$GT])I^H6\A6W`,(
MY$-5%X8E$<S$+)?F:#R=E*+`!5$8H4024]QFG029P?5D;.+-0]F*9/;%Q3*_
M:-+$%0%<(`P75F[A'!?06,A<=:)^741#3ABQ1!-&JZ+0*7I>E(/;LP9Q)A2[
M!B5$H+!I49PA='6Q00(*0'C7L;9^E("MX/IRT2R_!--$`IQ&`X"LOF3!YMY=
M8)#9P9QW[CE.=P+`@`0!$`#4NO(ED"L'AAA64:X.0=%,=(E_7A,/`'_^53N*
M7)5ENU@SIN"+U1M0T<02O7``0!!L66@(,P%,>@A#!4UCU)F053``#UH`T507
M&@#@@A,7B5I=M0,Y_U`B#U`Q2F82HA]04&PN,=!KG3"*3@Q7+%%MQ+9*Q`BJ
M@`Y8*>U2$HB"!W;1"W3`YB&:4`\`"K`,*RV#4Z`*VZ<DI,'9=.$`#"B"%F8`
M`RH`8`160`<FRM&")00J"EI@$Q*.,(`#]"(83X!+*6[@A#IIP0GS`<M%B@$*
M0?6G((,#H$-XE`48/,$(@6J"<')@A8%`R`I4X$)@FG*%\2&!)<(K0A&>$(L!
M_>Z,:.2<BGC``Y%$R`4;N5`/6I!%2+"`$%W^B((+Y-4?AZ1Q)EOI2I#&U;LC
M_3$?7&!``,A#OUV,R59:N$NHW"B=KDS*$,SZR`-L9!B76($%NC"`"@Y!!1QM
MX%(PTD(.@O&`%K@I3F.""@:HT`4MV("5KCR$#Q1%`IQ-KI8V>`!&/%"<BR"@
M.#\XP`%:`(/,Q,H7,9"-"@#6EP1<Q1>"@,PH4F$Y`BR#31&:WYI8(2&O61(2
M(P@4`K[1`P,LLYFT>$`V*C!()(3`2B$`"LP`P">(?:`9]"Q/17@4K'E928K,
M8I9PH.)'MX3R`_IDB^A@L!%#=$TZ+`%``E+0%QLHZ@%R.Z1(1VJB%J6%"UDX
M@`)V1])#_"A(+"7^D2':Z;N6DO*50;%"%;Q#A8GE]"7>>4D6J.!&*KCI"G5<
M&!6DQX4J9&$+2_T%%WHJ,"YXQSNUHRJXM+`.I)(RCE/%J19P\XLL](*K%S+J
M+[30"RPN"'$$JN-8BQ/44:UCKH<(*E[M6E:B5JXO8RV-K*Q0NRO$<52TO,U1
M$\L13&PUJGR5#E6'ZE,L4E*I.$6L3WVQ5[M*C[(V#:UH<[*NS>XN<5S8:A<6
MR`!]CO9?`0L7P0PY6IJX,:;^LIA8>(3;^`CLMR_!+6]E,EQ2"D%Z6>GM(2AI
MB.*61D^H=0L@I<N%(CQ02)?5;4S`E5W@UO:[HEU"$9#;$RH$8;.U?2G^N;AB
M).^BL;D6NVT^1!)=Z=K7+:?%+R(?TMOBPO>^4CV+?P%,X-I=]K__#2Y84JM;
M<#DXP`#.[H.;<(!4./?!"\ZO=@5\W]HQV+[U]:Z!.[Q?`NO7Q`[&L%15K.(-
M8ZG%)-8NBX,+8P'7.,4NMG&./\QA$S?+PS`&LH__&$BON/>D7>@!66@+WB8[
M^<E0CK*4ITQE$JF7D`:HZ4BY<+SC+8$)7C[;$KY\/":0><QG`W.:NVQF-8M9
MS4UH,YK+S.8NHYD)<&YSF-D\YB;0.<UG[G.>R6SF+P-:SV@^<YSY[.8_Q]G0
M?1XSG,4<:$$S.LQXOG2BOVSF/[N9TFK6LY?^,[WF0S^:TXP&]:`;K>A)2QK0
M=U[UGF5]YT,36M)YOG2A2?WH78_ZUY(.,ZI-O6M:OQK/P4YVH$-]ZV$OFMBX
M3K6>BUUG:#M;SLL&=J6O;><W:UK5?09V9M\;(8#!5%Q$TO)(9XB$=K.[W4=P
M=[SC/4-ZPWO>]\XWNX^`;WSOV]_\=G>]WQUP>?/;W@.G=\'SK7"$'USA[TZX
MO@L^[W[#F^`7EW?$);YO@V,<X@F'N+\[/G"/-US?#"=YRCD>\)-?_.`";SG*
M66[OBKM\Y11WN,4S'O&:;USF)<>YSS'.<Y_?G.8SESG`=4[PHRM=XT77.-.=
MOG22@[S=1:A"2W'^9V3EAF4L[:VRV,=.]K*;_>QHEVF$!"FN0(;=ILY=,(3E
M3O<!TQW$#<9[C^O+=[UC.,1V#[S>[T[XO_O]\'N',.`1+_@?Q[CQA+][XPTO
M8\9;?O"%SWO=+Y]YQU]^\I7?O.@O#."X4Q[TDA\RN=7K=;04,NVPC[WL9T_[
MVHOT1WQ$TFQMS_O>^_[WP`^^=+E^[G`IN;VM%[[RE\_\YCN_7U?6?82*Q.3G
M6__ZV,^^]FMB"!^PG9!+WK[XQT_^\@N?]=)_O?G7S_[VN__)11XDNK-<_??;
M__[XS_]ZW5G\'KF]_OH7@`(X@`0X7<2W?^I6@`JX@`R8?^@G)+L76L[^14D2
M5@BHE3C,-7?[)6&GI5PLE7P:>&0Y-F0>YGDGMF(C:#$)1F,LN%T]-ET!MH(R
M6&*8]UN\U5T\QE\EV'HKV&"7)1(9F(,9IG@!UETZ&(->EX/-I6'4U8`*YGVQ
M)2['!X!.J!,@6(7`=X58R'L/Z'_3AWPME2%$,P-R,0,44`$,P`)PX@M'``(/
MH`/P$A084`$/5`0,8`-&P`"C]!85H!2&X`05<`$/H"P3$P4SP``I`!LB(004
M<`$,,`)(P%)9X`$2@$>'<`(1,$K3$P%40`454`%X!`414`PTP`"$8`@V8(J^
M`(@8<%U:L`$;@%ZUM`%S^"U=$`1G*"JL^`#^$I``CV"&7M(1*L``$;`:1(,!
M2S`!Q3`#$0`"Q4$##W"*2[%*$C`#:RA=5'"(B<A9&U`!$1`!#'!=AR`$&,``
M)Y`W&Z`!$V.'WV`(6<`!$A!2\Q*(#[`!YS4]%2`!X`@"D"`!ZI.*A"`23C",
M,3`9A@`%_O@+0B`!Y4@"/Q!')9"/X-@4M*@L._!*5$`"#(`!/]!;4A`#B"A%
M:Q4$.?``(0"-O#B'$:``\L(%2/`!#Y`#UB(<$N`E&*`#9\4!%_"-"3`#5M"(
M]1@$R'4%J]1*4L0%/U".)>!:,-&&#.`!0E!4))``++!90A`!=4$%'S`Z.:"%
M]A=_(I@6Z4:%:!3^#";0#P=P,1SP`H'R#7)H'2Y@)7AT+X>P+KFB3]E0$+"4
M`"[``C!@(S,0%3(@"/CB"8<X/P$&#;_$(\$``$=P&OP$1*91&HR21#;"$`YA
M(_TP/^Y8,?D0$=$P2B)A&(M""PG0`BV0`D"1#1L``RHP`SV@`B[`2RU``TB!
M"=E@1'8!23#0#!\P`_+4+(&I`(.9%!"1$;*I`HPE'PP``Y58)5>2)K54'8M9
M&@@0`X9!.<%``J[Y#521);:RFQ,@`[K`."_#-YX@`\)D`'BTG2^@`CG`##KR
M`1I%2U5P."J`#3,QG#)@&.;3!5"`(PC``BD0`7Z)(Q(0`R>P!%S`$A[^T)OL
M.2L2H)X`,$I"4:$ND`+6E0[8^4N_@`0#X`+T60I9@``E\`X&H'4Q(0$;X`*!
M`AISH@`P$`"4PP6]J30Y@`$S8!@&LX71!X%)1GVA95*C<`,#X1##X2@#H8F)
MD``T`P!1<!$R,(Z_U`D/<%G/M(JBLPY<@"-?T3=0T#0OL2V&<5V:```&@QI`
M!!7RPC8+`0`[<"$7$Z<7@AD,D`!NM!?D93DUQ``B$::Z@`E9^A#]D!>7U4F(
M,`^YR0!]P2P2\@!R40C+.2];6@A>&A06]!);H```L)QZ>BL/L2VHD:BRP@7"
M)$$NP2.)4`J7:2L2L@&&4`6Z($6G4*/5`2/^%[%(1>$23&(EO1`+#C$0L]!;
M0,0`7(HC?(0CFO@+!2422YJH"=`7?2,4"?`T`U``D[*JJG`8?W4('B(WB168
MBA$3B34<&M`%M4((,H`IH"),>O(+PA2I3@A;\A<NZ=:C)/43\H&:MH(?K,$1
M!@!87?`.\/&H*O5*+,$#Z``:X'*>X`"GTYD(T3%$MQ$`3IH/)H0!P[&'79`K
M#`$:.-0G:/A<NYF9;^I'2,$"@3E(>S%N6J!1V1`T8[,?C.*FTH69<BJG)D.9
M_7$"`3"ER-(%]$FG,1&8<6HCB<"/6."9974``$`EG1F=?5.Q&ENAB:HGP@0;
MJ&,(WWDQ#K%`+F'^(]!`#DJ#GL5@""SQ#;FRABU+&4'2#R1`7A83F'F!M-8A
M-([B1C92/M/)``$[G?U0$7QK0IBPM%?"M4H#`:_Q$C8R#8-D(Z#`L3`A$DAQ
M`1TK`%-AG%FP!$A1"N`2!0-P35CX([J3?N%'4J'C$H:!!.A``D"@2)90MO)A
M(2)!G\'Q$&&J*+2%N`,0`;S(!29U"$M+'="@L2PQ"Y<U"B_0!0'``(S9$LHR
M-W"!`4<P""E1F9!TLH>@/&,$`!T@O!FQIP%@`$A1`UT``KY1FKWANQ4`+]DP
M.LWY$*B3"-C[`R3`"OT0)&*:!#C@`T"0.-E$(!840Q-!-"(I$C$0#:#^"+Z+
MPHN<JA2C8!NB8[<*``33,`)U*3H2P)*TT+N\Z+0.02:O1!4O<PC'@`\V<@RB
MDBNCDP#;T0PZ4"OMD4?-@``P(+>0N89?<PRTFP]3JZT/0;&@<`#2$@*]`)K?
MR`!2`$0*(`2Q<+:_(!+L4U8*$`#R*A/A4Q&^VB@/<0H3\!`NX+<5<(T-")98
MEH`B%0Q68K79P"8#8)X`\,6*`Q(/09I+Y`N;R2][V9>V$;Q50AT7,123]!(1
MU!_Z5"F7L@0LD4.F`0$40!7,(A))-"?1VK$#0$N&NZ=9PP"ED!0IL4(:Y0(K
MX`)]P9HP<`+;D<.)BKT^D!(\L!]Q2B;K@`[^&"$]J(.IS=$,*]`"RID/-Z`+
MMG*ANPP#."(J7"`(+J$DM!``3JL!B:4)W)D"D'$*?.F7P9`7`G"XM`#*CH*>
M^(">*YP4,)`"2^`>Z;`HJ;H4.`(`EKNB^2'``A!.=6$Q!54:<BP2%'L1$\H`
M%%$E`+#+*K"Y8Q(HQ1,3AI$7#'87*#`3(@$*LC(=O>#%ZS,/A@`$+8`!B;&%
M+L5V7ID3@83&AQ0,-F!=EP@`/.`Q;5(("G"Q-C(0(54K4[D)OY`(7_Q@-"U=
MH_`(-@)$$%)0NJ#'7?`1`2`!$J"[&>P2G+'(^1/4.J(2.-L7.#L0!J"/S>`"
MN-P+ES4=7=`"`0#^"D7PR22[7%[;+/-;FDGD)4&K"P_$IYB3T],)%Q#RJ3&Q
M!2"B$%I`)A/#MT(=`46-IB2[0'JYM22+2;:"(^1A(Q^A&&ZJ-2<SG0OT*VM;
M.9\2F,;L"TH@3*D<8&YM(W`M''Y](4`HG2I]L<[*KGS;"79M)?""N)BP0'?\
M"]F@C@\1F`QPQ?LU'`'`L+*1N?R8J-WL4#)=A;!5NO9ZNBV%S-*54/QQ,8PC
M.[PP*D,13GYH,S"AK0S&-A,S#0[!MWP++MF0`BZ@`C&```9`2P$<R/S4)X=`
MFHPRM5I@,L'0`BS0`K5"HDPKV=3!/@:P!4T0QUR<W.$I785,LCB+%&W^V07H
M@,&U=-_T.S'`>M4YNUQN8@4"8`!<X!YV(A_%\-WA'0,)X$W]+:B3B=RJZM\V
M<A<X(!\*_M[O#,3H"2/#,2%O\A![\4T#T%4/D0U?X01.<%FG$`$.#DF<ZI:_
M<,*`*PN'`+H&L`Y]0P4#S+3/5,*^<!??<PB@(`&3L@4Y9#'#@``*(A+*;`U?
M(<63V3@RWM'M]Z-(PEYD>48FPV`X:[-4($PJT`.*XD?A<XJ*6[I2#DMR_!`J
M)`3T&8O2*10!\$I:<`#5^A`>$B21K07"E-Z3&>.8`.E)\0."$!V)@*]9BS4$
MP0,WP"\U3L`B+N(,T`,ZD`.P<1<.F0-M=-3^5UNRAQ`+D(0C,7D1S_T+[Q"/
M"T3H<IT/(]`"0!`,L\`<Q30_!K#HWCH(.0.90)$K,-`#."`W5"')M6X="VFU
MM,``/+`#-G`%$F*\T>!'P1#M.2`$=YW2_?`-.\`!0H`.F>$Q^'H(*@0$O<XC
M1I`1%9`#-J#@?2,2<UZA/'`X?G01&FL8P@.:.`#J/*XTJPL64KT#/6`#1^`:
M```#/^#JTO'9;Q$-)D"2\7D)/^`N#:LT(T`#.Q`,53ZOY1:%0*ID(/U''W``
MXN@"`4`E?T,>**4#%&``+<!(=P,A@80!Q>$$%0833F``,O*A][L!0L!@/Q``
M5MT%+#```1G4&?W^#UC/CS/_0#R```H0!5&@]+[P`0;0VU003`/P"KW@`@3P
M%5!3*[9A%0B@*!P+Z1(`+RHP``[A0IJN`'Y[.'':`F`/,(QZ"!Y`\X>0]&;1
M`@)`)9=]`+D'!"GPX2-@`[*(!/<+E3P"Z4`.$[\L"6Z9!=\X,5$_`\.P(X@]
M`"00"3*R`P$P"QZ0``F``&L_+P:0"H?@`H__$$+``:P/%(;0!`S@MXHB!$5@
M``PP`!=@C;XP^PF0#!#RC7WA0DVA!!O0%2%`2]#04-*E!/?K[HF3]AU```?`
M.%$_]1"Q`SW?`E_>!3X`0LFNEUE@%8JN(W.B^SOPQM+%`N&A3(`0`/+^<_"`
M8&"@T-4#H-.UU=6UI/"08(`PL"1Y$1!"%<G5Y73@$4F#*%%S%<G:ZOH*&RL[
M2UMK>XN;V\6#R-,5JIL;RIO`$7R,G.RJ!0NLK,O<_/P:_0HYC3WKG'V\W7K-
M'2[<M8'@+8[^>OY:ONX*GAXO/Y\<ZM-+S\I3@&"<_Q_IFKMLS@:F\V80H+)U
MX."IPU50(:V$L!Q"=$7%RL1F%!\%E`6O8[",N@PZLR@QI<I8O`SX$HDL5`]^
MQF"NO(DSI\Z=/'OZ_`DTJ+QA^&PB(^9/J-*E3)LZ?0HUJM1_+7T`W-=OJM:M
M7+MZ_0HV[$8>!US^FC>L0#&Q;-NZ?0LWKMS^6RU]T4N;=:[>O7S[^OV;SQX^
MJI>2`CZ,.+'BQ7/KGAVZZY(&QI0K6[Z,62=1LU35&LX,.K3HT:1E\3KP$NTN
MFJ5;NWX-&[!CH\=XY8V-.[?NW4Z'E;6KVO9GWL2+&S\^SW'GV\B;.W\.7=;F
M'H^3&U@;/;OV[<65JY[)G+OX\>0M^S9+>QS2\NS;<S>IEZP!ZNEU81WNWG7]
M_/SA;@8.&7@U";5%%ED4B,466AQ!CQ(:X62%$JU8H8DR3SS!E8'58$.%A#PM
M\:!"%RYC8!;U4&2@00ZZ@L2&$AGAHBTC<@/%#*NPX@P5%<HU6S[K*36#!!@P
M4`$%*5R!02S[L<+^3`A">%1+*%1LT,HZ%(521`B_A"*$EBAI<Q8,,$!IRY*M
M;/!)+`<JV84*#V"``0E%Z(+F.UUD^5@H)\P)RPE&L$+%!^-4U(639'9S"S-B
M;MG%#@IH4,$&U6`Y0G6QU%"!=&V^B<&359YE:"L8I"E1**/.,F5`-R[ZY:>U
M8.#)-]%T>2@H8/:VRV]7L;84)!A,$0D52=H:3B@A\"D2%SN6]`JMP.#ICI4?
MQ3`FL8CBZ$I$D2SA#A9:SF+H%CDD\`.9K4H2RDEW:@F,L9Y^4^B34@[KJJ6U
MA"H-.C#$\-&B7)QSA1/VO@)"!3D,;&P0DE1@HITCO!O)J>>:&<NIKH;^LD6%
M.=`0";66MGO+-;1BNP*?(_,X6'">.66QL%THT<0W20CLBA2L7+%*%E9H@004
MK3CQY\,!*;'CSDI$(<H12'>!!2A+(&&%%9!0L8441C0]-,VA6%'$%7BR0JL1
M/K.2A1%+ZTP%$L$>\>"^=R*M!:EQN^($$FE2P045;(/RB1(>1J*%W]68F/?+
MW#X"A`0K1G$$S:#*>V>FVR+1\!9][]AP%U<@L?3)K!S[<;P>23&LLDK<6#C1
M@&9A=Q=0((&AL45@8<2-763A-S!X,VX[CD_?>$467I/:111SRC#F-?ZR8D46
M2R"=.=!+MP($"4=0*4NHH?*\1#2&*FOBJ5K^[/AZ-'BGW?LK:1<M?!&DFMZ%
MQ3@JX7C369!P`H8Q\.M^*TW\?04L/&%'H9!"XP(R@PTT(7-4R,`,D"8$$G1!
M;*TH'^"NH`4C:&1!(5K*=`96K-6$1R@7N%NG0L"`:A5*`ALH@2LLMB@C/,`%
M'D@`$"*1`PUPX`,1^-,*->#"+I!@`QG8@0XB98*H7:`+6G#!!C9``@E\@@0>
M2,$%*N`]"63@!-L*P08\@`$3M*)+/]B``FYXNPK`209WDL`(2N&$!W"@`N6B
M004\X($+L-$#%5+!#GX!"1YX8`,'*!<),K"!#]"Q"U20``B>R(%5.`$#'.``
M!FB&@>8]H`4C2&'^%YYP@01<``E(B%0(*N2NQWQ`$S``HP(P9(4'L`"%U3I5
M%M18@1ETP5FVPI<K\.6R+LP`C`E`&A4BT`):1BP$HV0"'A%0K1#8P`45P"+3
M5/`!"4B`&52THC5;,4P,*$!@,Z@`"S;``)H)H9(>H(`-'N.V=`EQ`QKH`1*^
M=0)*@B!SH0#!'R%`/&R%B@-,N!TVM=FD)[6``A&S&10C`00&Y#%F5%1!-6,4
MB2A0\0'?LN,Y&8"A)FZ``QZ0XB\E`$1&)BD'E-#2#%1@`PP\@&8P>,`35V''
M*H+S`A_`@`N+\``%>&!L76`!`B2P@ET.`IUH_(%$*R"P(B!S`R%`P@G^%.DX
MIGB''L)A69JN<``&90$#2(.!+KN0@JS"<$Q(",`GFD"E)U2`2P!0&PPXUB9-
M?(!*PDK7%JRPQ!^4XDX!6,4@(]&",;G@K&GM@@?*I04&L"L42#"`1IBP`4B0
M0`A<P(($E>#67W0`:4[@H@T`X+,L1&`).4@>!VQV,RQE*@0*8$83'B`U`%0K
MF5V(@%UZ((&(22T`3\J"!HPY+`R,#76B>UP7JA")&53J"@&8TQ4V@+13R>EV
M$H16*T#G,`RHH`0G*-@O;A0#"5)W3L9%FB<U-[4(:.0#WTHL$QL6`EUR`'LM
MX!>.T%NI&3`@$CV0(!<JX#,H!."=9Z&!+$O^H`)F[#42M`("""*Q)N9A`!(A
M4.$K2'`!%AS`!:J*1'X=BX2:7@,#5>#`A3_I@5#\8(_\9>,Y#!2)"OQ)P`36
M4@\&"X,`-"P4,&!P"J*`I$@L2I@1('"E@,!%899K!HKXB!`BT+`-C,ESJ>P"
M$@Z@D25,)@J#G;&70VN#`7S"!1)DRGE2`QG;3*8I+4M2*G.9@QY\0)?`6.LN
MM<2,"W"!!OQ*:!<J((,<"'),H6H!"&+&R$P)S5<V"Q6M<HF#']M@"TOD$KLH
M[*7X!3`".ZC!#RBP!"5\RP@2^$$->!#<&7"1&4)((I7N^0HKY*"<70#!P12E
MRP<P(Q0>T`&5MN#^JSE=X`I62!(DA!:%8>5@`WSJ);(*-2<N."$'*M`2Z9@H
MN@I0(0L/T(&I*_"T;_42<M@:`0I^L(,?\#H4VU9!I;[-X2?)+PL[V`$%/A$J
M/&V!"TC8P9Y[[2GOLL().^AV%UQ0+9?12E%C^I<P-R`$'?S`T']VK"8LDH,6
M1,()DH/%"$X@!!B0H&G_*OC!25"!&L@3D=2!1`)_8`,[-I>7U@`"#RKPI"53
M88F3CA_Q$)UG#]C@P$JNEM"7&((3\$`'#H<XF4+P:TDPE.<F]M3$NR!H&VP`
MYSH?F=D_K=6RT,='*Z.S"4$UIPJ00`4J.,&R,&`S+BR*ETN<P9@,+7?^NJ-`
M$]_K`A`T(,:ABX[2.]>2W%=0]R<DV=-C#'4FM?``%:"`[EOX&A(V67<2LZKC
M&K!"D:M#@@Z'@*'AZD(,=-GI2/A:@LCN@M`JP&QGB^[;D4#"!SS0P<*3@PI8
MX,`)8!"G+O!>=)G,`@0@GP(5=![MLK-6UP&5)"L8'_GWMK/H+@`LO7?@!2A@
M`,"]KB4E9&`%+HB`+D&`?BAI_P0NR("6A)ZDK\>S8QYN?/SR#B\44`$K4`(E
M$``,4AWY%@D\\%D9P`+MITLD<``H8"OB5`/@9@,5T`)U=P/^9WT_@`$NT`(,
M\"=/MWA&UPH7,'=UYP1)U@5+YC&1)D0<P`+^*F`"0:="H2`TH3`%^4=]S25P
M8,<%-Z"!=7<P9P=J(-03_Q$8D8$=3%%GSA4"?_-":4("_'(R%Z`%/\!%H7`!
M<P("!-1<K)`".L!I7;`"#'8%#W!^D8`GJ]0*6K`!#V(#ZK9+E2)<7,`!6..&
MW[($=BA,#`4)-J`"+S@#(;`TD'`#A<A(2^0!!M8%)V`5F1`L?!0!T8!Y`H,!
M..-]0A-,K)`#77A]D:`"*1")CM!QWZ:#^F8%7+`!F;,N>3*&K/!L3\(,BG<"
M?Y2*DZ&`IX($@_5__K<!%>(QEE8IP'`"J%@$%^8V*B4)P#@";,0*S0AW28@!
MJ.@*2_`!&:<#0N#^`6CW$>#5):Y(C&,"`D8P1*QP7!(@<KO`B)_C=<?H"DB"
M7T'G7R[#`FHH7]]%A<'4C#)PCTG"`MBH9/SB#'7G$3N0`7?X"L;("ABPA84H
M3T*`AQ1)895R+IH1&:AQ%87A5<'B?2&@,$<`=$O``[V30,:S8!UG*I_P`3_P
M!"$``!)B!"7)`QIA*%?P`T1#`D:0!4M$!1R0!$L@`0.P"I:F)45@DQIA`R=`
M!3L```9&>::"-#8@E$C@"[0""2I``DM0!#=T`P#@`E)P`PR@$50P`'@(-B#@
M!'_X`$)$:E%@45U@!0Q``DBP!`_P3D/D!$[P4/%C!9,G.FL(!%<@!(W^XP+O
M5'LC0`.O,P(88"(QH`)/D`02X&TAJ6^?<`,;0$I9&6J2`%2?@`5X!8^`LD22
M29F6J7RZ9RBG$@4;0#0P8`!'&7\D8`-.4`0'H$L?8#+?$@HO]01*H)I6YXR1
M.`-4X`(`<#`#UP4R0`)1@)<*&(M'H`!"L`0_L`K&(HW!\@!9H`6D&0DD\$`^
M\`!_8INXJ9L(UVMS5D)=(`&,R`$PL`1`\"?PEX2[\"YZ:)T\,``E&'%)(@4<
M0#1%"8LDN9]:T&PXI%PO^)^1Q@-+T`,",WJ14)<W\`1"H`!_PG.04`(D\`F\
M="KQZ01"H#9(V'%:``,=!!0]$F>\PA0M`#S^*F0#%?*'#O@*%I4#\28)'!,*
M+K`*5_"8\D:C(8`!2=4%,TJ*]/0D5D!B73`%^60$&V`S-$"C>/6'&,`"K$"$
M+"`$#+8M7NJC$`5&[[0$[P0,T]8I7?`#/!!33ND1&O!'\)`#&;!9).8D,'`!
M,'"+&P`%7_0NT[8!!Q,)+F`@[=@%5!H)K%9P&*`!7AH),;4!*E!M*'H!+="E
M=*E"B`JCD1`$8[JC3`("',`G5F"*'X&HD7`%)$:I+0`$[\2DK*"I-R($?IJB
M1TJCND0%^90#.3!E-&JF`8&GK,HQ/%`NFM.D154!-L`#-_0L&#!((6`B2/JI
MDN!%'Q`->O<@R,C^!%I`@1\!J7X2+/ET`[PJ3!4B=5W0`AJ1!7QT.T[$`0)S
MJF7Z"`F0;9'0!"&@`4*Z",5Z!>WX!".5<BIZI5F:JJR@`E3R`_S:CKFJ`2.@
M$0FK/B>@`2%04)\*#UK@`5PDKSV:,^XJ,$M@I0RV!+K$`P,F%(+!&?DP$VM!
M,9F!64[A`=,C#3N(??WA&DTP9ZW!`F>E%"P:#VGQA%`1+0BCA-MP#O)D#0TA
M"B.P`S;``.S&$=EB?;30*@CQ&$O@`5E**![1>B#)*-AB$_*$$I#@$&0[,5(;
M"QF9MF1[$?5R,;=@M?EB#5/[$/N!M!]!M+<R,%`@L]@2)=HPM)I2"Y#^$+:$
MDI&0H`1J>Q-,V+*T<!^@H;BQT`,GL`)]RPV1B[:V\@,I`(NR$`33`PE9`"#7
M`A):@;EX:[,$L1U;];.1,4*I"[NQ*[L[\68=^;IM0048)1TLT'^X<`/9&0\Y
MT+FU,#=S:POP8`0,8A-XXPH]@"&Q8`4D,+JLX+QWXD,\X00@H#:*^P34@0OC
MI@LXPQCV\+SQ\`-$=0OBFPT^@+[!\`.6ZQ,ML79Q=AWX`13,Z;>V(BVA<K>U
MTB@8@("/<+2M(`4-(S&9RR;P4B4MF;]^BS$=1[A&F[?PLG]I^RFG$C6R-R<H
ML0(A$#/PP&$*0XT-#`K:HBDFG"W;X`$J$%#^TJ*5#Q$L#V(H6``LLJ`%4A`*
M'G,-%E%[LA`%('PK%N$-#C'$=J*_VR`%Z9/!)ZC`?ULK7*"`_8NT\J3#=-O#
MM#BWPG<6VA(2'`<43$@8M\L6NDLHO@3#ML(!:9(!L!5"$1-0QWO&#ERW+^A?
MN<"<VS6+53BS]NB_;3L-R_>W7\,F>%Q[,Z!+0BQ,9P7%RF`%V#.X92*W"4P+
M:8PM)<`GFS4/H(.YM=>RX(4,GAP4/GL0(F2_/8$$6P`$-'`W=;-I$S0#Q?H$
M-.,$&+($-W($,^`X1?#*SE`$%%`"GN($-I`#U_`$4?`#WKL%.S!#:C,JK<J'
M6J`#PAN'`;P$GW#^(4XP`W^C!;O*!1F0)MBL-KT7!38`!5RP,05U!9!&!39P
M`U&0!(S$!%1``Q#S!#-PO1,$`U?@=X<2!8Z#G6OS,EO`:BB';2.+OES``P\`
M`PS2(I$0RZ*S?U30!%=``\4*.#J`I!0"-F.C!7Q2S]=[-#-0OJ(@S,QP!35U
MFX\A;QL<P(E;!".P!:^LTC8P)T(@`02]!%C@!!KP6)_$T7_"!#Q=+E&P-$Y0
M`SN`B4F`!3>P`^MP!3&@E\];ICK@(DL@!3DP)Q\=+$QP!:8&*$_S3EJP`]+,
M1$U;(<F,U+V7!3C7-%N0T#`0SFU$T"!0!$L0`[%#ES;@O:W0T)_TL5S^,P/H
M*V]<(#1>ALN`LP38C`568`,V8#-1,#9.0`,\$`6:P#-8D`,Z($](<-C`(&];
M@,FL,,XY`%UT&<\S`#'R9GM0NX2Y,A]*&`XK6\H\(5,DT`(20!U&D``GT`*$
MS0$N\)A;$`5L>&@"8R@_($L4H$M6R0(K\,XXQ``;\$[!F@(2H`E.>P(,M@4N
MH``A<$,&TTHE1P+B%0&DXC(*2`,IQ`(*,"=4$'46999=T`01<`)_&2DG@`0D
M4`(I,";+Z&4KO`*0XF4)T`(N\`!XY03T_9<R$`(MX`$&T(';X)<4"@`,1@)C
M4@%6L`/1_4XCX`(T0`+$'1`MD``A4"[M^8+^)/8!(IP\77`$"*`!+0!S&N$$
M$H`"+9!+8/<@#("'-E`*1%G?073?V_N"12@!2-9))B`AH=!M*M`"&1&22.`$
M,,X",+<*3<X"4J`#'-YKI!0!%?`"KA=Q2V33%3`FBT)-+8`"J/9<"G`",2!W
ML$`%),``^/V"E7H"$J`U0G330A`%"BY!2(``#FCE`\[;H$W>GY"Q*1`#5\`%
MXZT"$6`S%.`!X<U$+=#=%EV6'-#A+6`#(2Z:&``"(Y`!VP!#=JK<)4#<7'`"
MMJT!!J`V0+!)$L`Q=1D"*X`$'*!YTSTF@E2#$5`I5N#F<-YFLLX"$J"8K=X"
M&`#K'H$%+<`"'W#^`#9C!`A0X`?^"*W.`LP>UZ&<,BW*LDKQ`%%&<ER0!`G`
M##F0*:'0H4=:`AMH8G/RBIICBA>0B.'X)$K```U#A('X"A93;I&0`@=C`^W8
M`XXP-:SY)+SVWUV0`]TJ!`-@(A\`:2OP"0]PA(+B$;1R`AW8*&^)!`D`"5>@
M`2;"KFV"01C0U@S`HU42`045`RF@B^R*=\WU`5&6`TGE#!9C,1X#`BSN$4H`
M`#33`J98`1Z?!0P`!1_P1UUR`R:2`KYP\BS<!0'/"DO``-'0[Y_8B+;B,L8"
M.T,?"2S``EI0<AQG*#!XCPO)H$I6`U2@``VC[IIC`)!V\A@Q+%BO]4O^Q`H@
M$$13KP5,(/;H2H$A/XCMN*Q8"T@.+W((_4=6+_-NC,6A`@)1MHB1:!<QT.T]
M/R8>$$3<YF7^$`4&D+B2P@578(I98`"LU*3,L#_DX"$E("A@13,=X`1;,.^H
M_S+8,_IQ3;AH-2:Z/?(+J02\W^R-RPVUNQRSO1,5`#=<$`))D`3?8N+@%@5\
MWTE<FP1-P`!5G@)97THV(E#E`@,BQYP,M<\;0E:2+^:%L@$ID`(:0'O%*3HO
M,.8GV'P,P)4J0()@ER8M``@;0EU=0B%=%U2$5!>%AUI=&%99#RDD*@]+2(=9
M73$P75N$75Q=)3]=&E0P5%*-D5)=((-=(;3^AJ&C&%&$&(I=,"Y='X,PH*)"
M'KE4&U85I*(M.4`J721%/45=%),/)Y</1I&_HC$M79!=%5>,HX0Y%3RE5!BD
MPTE*RI#T7?`[]K8(!70!RE/!*?6`%7218\>Y+:767:D':<0@4>ZB8"AE#AVA
M"HI$!:12B00+!IKT=6F'R]J&%"@VC.BB(D.14B,VH(@Y$R0A8X0NQ'(7(HC`
M6X<HC#BA0@*-7.-^@@KH2&&73B&0.&&P@L2)!UFL)-02(@23GS,0Y<(EA6(M
M)$P8L""1@D&7&:"PTEJ4`X6$M+@@-9H1XVJMO>X2*U[,N+'CQ#P,&.!A[[%E
MQZ5Z%$C`X;+GSZ#^?>4*D23)!X':1/';@D%"NJQ+*@#)D8.6E185>(T*"*/P
M%E$;\5;N-13#%*FU5OS8D</)*'Z0>!=L%Q"XE2L3>C#GT2F1/20<3E3UOK(>
MKE(8KER1T$-'#LJX.GT:3HA("2F==12Y08+XX:.$"#&3.Z)%914Q7`"%S$S[
M-%//;\#,P`4&6FRPQ1(V*/$,%>S1U@,D!8H"@PRA`*?>*^Y`0<(&Y0&$#P@>
M\=.%BASH)9!10`%36(M6`<.<,!!%<H45*%:7F(R]E1B52(-004$/M%%6Q",M
MMG3)<LT1DL0&XH6@''/."?73CA@,!1`M5.%2`0T\Z*##+[W\$LPPM\#^2)!'
M("`1VVRUK81B%S]<D!8,$CZ#S"%MN;@G;4!T(4-AT5U42`4V",$!8(>(\HQP
MT6D#VJ>@CE**#Y)1%BJH/!2``(NGM@H:`^=T,1$61ASB26>BN*!,"C/D4$TM
M1F3!JF(_V"J*185$,`H0#WBRHSODJ4+(?$F6XLX5&F#T@#9)MCA?%TLPT`D'
MNHV2`9R$<+"$$H>$@$H7.C0KH#WG=N%!N2MEV\M3BFWQ00XVS`B$((1H$`M5
M)"`UG+1=;/`$(1L4QIMO72@!P%`Z]"=!HX0\,`@)-KS0!19`E%`8%_<F)IJU
M12A+2!`2\*A8"P%OU/$23@1@!2$9N]-"8;/^$()LCC;$"D3,/<)@@Q/-$G+T
M2AGD@JQB,A;1="%(XS0(%^2Z@P0`O^@P4TO"64M(*1PPD0,H9C,<`YGH_M?%
MU%-:@Y@[&SC7\%1$!'A(2UJ@A`4'9LM\]J:%9?`P33`F*E*PP_I-""5(Z+)X
M"Z"T%(D6=:/#P!&NAFY99)/1)SICD2'0V>FL*X9!"#+X($%A@%]PP@\P/&"%
M$15PP<4%@P0TPP8[S/#/##=D3(LH05O#00\W>&Q5X1R`<!9Y0&7!@0H\N*!W
M-!<``<,`E>?(3Q8AV)##`P9<4<@%-]@`=Q=.P*###/WALD0(/<Q@P#.X`$XL
MA'`!&]A`0G>YW0C^`'`#<)4@,3-X`!1^P@#WP:(++;B`-JA2-[,5Z`</X$$.
M#/`48E@%$DB0@`K6]H"'">$!-^!!!_I3B`=P[`<(J-S[#)@6`XV"!,^+WB`2
M-8HKP"`'_%D"!L,'@P`XP0D`T``/8,``*FCAB#D801.6&+Q!].`!/0B%!%KP
M@PVX#(24F4\(GH<#Z3GN/SV(%2&TH$)>C(`#/&CC\N0FA`K$+RU'4&$.8M#"
MJJ!C>PZ)PA1<<+\2:&$+V^N><PK4+0^`0(GVR&`7"5$W)V#@B#"P("%\$,(1
M!JQY+4E!"WJ@`0`HX2X;N-\_JA:#';A@!5;Y`0E^P`(`B"=1I1">!HK^]X\N
MI,`%/&CE*Z-1`A[8``$!"T*FHG+,9+JR==@L!0\.4#IL+B8S!E"=-[VYBQF8
MX)5=B`+'0G&#$H2R"S?0(1("]@/='.$$*5!B$$YP@KL!@1>E*!D+)M@%).CP
M6B<(XPXZ45`=9L$&)BO<74BP!"$\S*"3,Q455*`"*7"'$$YH00EHL=!0P.`$
M+%"$.@EA!1;```KU@,(Z/TH_%HQT%%DL`A+$41:H%#0MHFC/*&CZ`A+5DQ!1
M>-<H2DJ('5C$")7[P<.@.@HAD(`*)'@G(:!@TT;-HP4844)!0&I36M#T;(!"
MJ6ZR8"J<XA.3GCC!$GY`!2H(P0GNM&`.^`G^UQ$!2C<Z2`$DGF""&$"AK3E(
M01>2H,,?H'1Q6M#!LA[V@("9[0DD0*=C5["XR8[""67M0A"NFE4+1F%KZ+#!
M"6(@(A2LX!=:@"@,2L%4C,HJH<-)TC^1^BXKP,`$.5`,#YX:U<5%P2@F)4$3
MA$#0>\KU*AI=`0I@(`K;XC4;A[@"90*J&R.DX`1G2>YR.[L%_@@!HRMM:B>V
M``,2.$$(^!IGZ$BW7?F*J@NI$J=]3U>@RX@"(Z>3Z'X'[`X(=8$%OVJ5!^!*
M8,]HCC$";K"$6W>%#:2C=9TSW80;$V$)%RY(7>#`/SJ\X1);9E2EFG!D.*-A
M$S=&-!>FCX$A[`[^WXD*P!S&,6,P8C8<<T''A("0M3ILX\3\&,(`%L7`4@`"
M##"4R#HN12FV8*;&`-AL109-EB5Z*'3H>,9!+K!BLOS-(]_7R(4S,UI!'&0<
ML_G,H9"RF(?S9L5H86?]JC&0QPRAP#QFQF2&")!)W&;,[+G(A,:(FY,LJ@_?
MI0,JT,"`#%UC(LO9RG5V\>A23&C19495J]/T99008U&;>IQ(N,'=3HW-*^B-
MU;!V5:=#904&Q[I50_:F$&R0A%!E^M:LTR:G&YRZ4`/;OK,^5=SDRX5EMZK4
MQ[[,%1CZ*2J@T\ZBC/9GU(,916@AVXUYPJL3P^U090'<`]Z"$O!,M63^EWC/
M`[8"O*--7Q6#6MOX;HR,2H!NULE(=!K)MV*L\,!1B.@8H*$C!TI=BO.X@P6]
M%KC!>\08EAR"T$Y0`"X3(R**?2I)\PYV%UR@`$^YSME6'AX&3E#E`(=*"1_8
MP`9L?6*Y"5R;W&SK?K6Y&6-K.PLL@+-E&%V(8K:XQFC])B&(>`-J&QGIHVA!
MW+"\B(3`N<>,T4+09<9E_UKYZU"G<1:"FUN/+X;H-1"&.^K'R6D.]6$A;_&@
M/9/FB3=&06%&J\4YCG02>+6JDK5*E)5N#[R?.>1Q/[,5HI88J?OGZ8MQ`@1@
M(.XC8)+'87],KB&?]R-%H`A1*`(F'>_3N0?^Q-VF)ET841\JGNLWWS!-\B/U
M/.<M9$'.+A"&M6;?+XCL7@L"[L2_194.+I1Z"[/?0@4(.L?$W'[X0<Z"CK4`
M[2=<0#44F?Z.TX'\YAM\]Q^&Q(^!;W!H(U_`6\""CG+!>XZ3/U>S-5NQ)'?[
M?E%_,=*_+^^UD'^/M-G-[H<1]Y<8W.<^;^-^UK)W!%A\-E<*N3<MH(!NYD=]
M'6<8Q#=]`GAAQD=^SG=A3X`!!N8[%T!0,&9DT+8!8;08`TA[H<!P#-5]%VAG
M5[9^23:"Q%=J%%@+GM)^QR9LW41LX>1SQP8%$H``$=`H-W`!%;`!VE`*5A`"
M&'$"XI`#%W`!&C#^"#5@``S0`9V0.QA`=J-@`ZVQ`55P%Q1``6-%"#,@`1O@
M`JSB`5>`!2#``@\@!5#P`!5``A94!!I0`8KC`0;P`&E!)!/@`<[!!6NX`3`0
M.?V@A!K@*2%``R#```51"D]0A!)0!%B0`4B``0SP+E=P`1+@`9W5!4<0`B30
M"$#``!<0=#G00U`P$UA0`:/H'%0``BH0`4_0`A)0`<5$15_H#C]0`7EX9\K0
M!5,``A)P`B'00R$0`5>8&%1X`013`P?```L7(`J@`""Q"4(@`1&@-R>`!%O@
M`15P`>)0"IO``N=(=BVP`A20%AET`89($_^`64\8A:!S-C!`BT$G!!O^0(N8
M-`(MX#%7X`'+V(Q0P00?4`$/@`I1T`@.1P@N<([U>`(#P`#B(0HVH(4L\@GK
M@P'J)RNB6(^C<`+$&%S&$#WIL1(E<`$/4!![Q0$SX0(/@`$-Q`4H0(Q&1S\>
MH(3G<(D'(`&T4"&!F!88,"4,<#*`P@`8($==T`35,(,C9Y&+HP(N0`*?MP0?
M\!?O<`(VF0-24`(4H`*BX`0_60%J1P4>8`,:\(GN,"6B9)2"6`@:4(5&UX\J
M5`M&P0,4`&W`5F^L!RK"]GKX%I&9\0#NPP0*T%D>4#EB`2B*"2X*X!P/V`4]
MT!\5@BY+`!$@``-1P");$`7N4PXS<04/T#3^%V`%7```_U!A2N0"3W$%%/!*
M4J`(%Z`;[H)?#]1>LI*::/5%[K,$C=D%#-`?5U`!#*81I7`%!C`(L:%^_(.9
MXF%C%J-$2\`![A,"2Q`%J^,KLH`*/2`>6```P64#4_DPF8D.S4`($R%\0Y(0
MF5@(`!`P*P`*3K`ZB:E^Q&F9NF</0@`C!74`#\,#K'))TG`5G;4$`!"!(30,
M2*,"K-(#=G&)6@`"P?6876`%&[!>\((KSN$$!J@!A'"<A$`!XB`$YED93S!`
MS<(/+2$*+,`J//``D-`\HW`G74`#8'%@BE4+XKF1\%0-6O`P/-H)+*!84O`P
M4I`).SH`[K.>%;+^!3N@6$7*?6`$,4%G??21FX00`1%8`:^T!!NPG>)0#FR3
M&!)*"#5ZH\J"!=AX%4Y*`P.P,QOP`(I0`6'$`"FX`;A4G@T4&TXG!`B0%M;B
MI4^@`$J$!0_P#SD`HK5P!$)`H/F&<P:P>L1V;P(G(\"3"[[)D>?0`P]4`9+B
MFSF"`7=%!2P`5*.@!5&0`XZD`4HU"@Y#"$_P#$*2G!RIAYI0#P=(((K0B=:F
M$0>I-U"`JT&!6C'0'\L'@94A(TZ"$7GB2</:7T5PC"0P`U0`!3G0'QNP11^P
M!$W@"]TIDLG)21Q0.:5PA4^P43W$!9&8#OQ@!#`BHVDA`4ZP!%3P`2;^1ZJY
M$`,UF8:&9"FZP`L@H`0]$`*EV`5&X#)=\`0DNIM7$`&*4`H@\!0YH)&$4#28
M^4#6TC6)X01'D!`7,%73Y%+T\010<`'J\0Q$,$V44+&R\!1!(V??$@._T@Y(
MH`I*H!&_4`0;H*Z>D+-6%P5L60Q;QZX;U1Q!FQ@V<(PK\0!;0"0G]Q%Z`Q39
MNJW=ZA'S@6,Q:P\7&YX"\2Z\$2LPL'5']`/*,`\VZ@S60A6C(`4D4`$,52;6
M@'`$U#"Z40HD8`(I,&[X5F\2MF*=,9@;)B.[`*"VT@6)$A!V*SDZ>HX;T`'^
M&F1=,8G]$04DD`&(42!$Q+*AN+$,X`$<8#O^<F,MB8L$"N`!,N<!6[`!OT!$
MA)`!9C(O/D&#59>[HO`!2>`$"<"Z&N`!%V8E#^`!YC@H,Z!\!;6Z'!"\S88B
M^;!@ZH`!&V".>W$%&10P>P<)A-(%"B!S&U"R]F"W#7<(=S)E`SM-=AL0/Z`!
M5V4/+WMDKG`8S<8JI0`46C```=,B1C(%C!>&9=&+_N%G.3)*J)@!"G!G&Q%`
M/')P=')?.9(CB8($O[L!&2"\HZ`$(.`!2I`@!9$H[+(B!E`^!4&,'&"]!46Z
M2E0.'I<>$Z$8Y$%)H*"5&\`!E)(+2``D[D`%C'>_H&!".@@@$;PCC+0VE>'"
M]1!,39AW,]H+O'#^>NG$`3QL#Z50`O7I4X&;<PWV:8:I;9Q:JOV!$2P`'J+0
MJ2(R$SF2,F(&`RM0"B]K#U&@`1-4"GECJ[@J"2^\HVE*"%DU'*)1*\-1QP]K
M=>H`Q@;RJ[DK,UGA!(M[7RW13\/1!##@$%W00<]!R`S+(A[`?'8V"UK0"$A0
MKP>6%O^;&&8,#&C\+`$R('4C0#:71;E@-:/P!%$3$*AY'*+0EL.``A\0).X"
M`@#&J+$04"$@?`EAMT<@RBQ`(I``!1J@&TA<%:+PM83@`4\!M].R(^93#X#<
M&$<0-<+1(DW['SG"`7.<&.!A8T^[#%(+?08BP]:P3HFQ`=<V.75H#];^+#=4
M(1W."@PY\`.%&[53F\0VM\/''`M]C`P;<<^C8!&M>'2LYH/UM7/X90`L)G!6
M``&*`$([0YR+(PK%LK\<39G.X9M=X`/:N05-T`FED`+!)2R'\`20P,&YP`/]
M807`*221B0ZHNA(/DZA*)`4[@Z*$\`$VP`57H$0VO:$,T#2E`$+NHP0)\##P
MC!%60+$M$DR#T)9(S6`MX00ERP504+$M0%%%?=2NQB-&FW[U4$97H`5.P%!9
MX`20P#W*^\`_<,4M@`+(QV`CO00)4-((QTFOP,")&P)%0`4=#;5)$``U$+64
MT3PL0*)=L`-VL0/U@`+BT05`D`!C50HML`'^QG<%-Z!87-`"+E,@09/7P24*
M2]`!H1`96U`%`)0II3"CVB2U_X&^`#LFB9P^LO)J1LL%6%`/X<S#6B"2X%(`
M1^#!H]0!5Z#25$8%6W`%&3"27-"HI*`!02>[HU`!XF`@,@`*2R"^[>H.0O")
MOT$%#S/9;*K;^XPFQ5`0WY(D#%!,W,VX!`VW3:!$5@`R'R$.0+VA6;H"+*(%
M6Q00#Z!V^48J/TA@^26$T68#"3`(.Z"$&Q#>HV`%#""TF+V$X:T%&4`A\((!
M%=#(3[B,N??)%T`!=V,#$J`!O5T+<7AQ,P("%4`!\K0!&!`!KR0$"I`65W`"
MK1%X,!XQ-#0*.F#^XADN$'AF`PT$8!1>!&1!"ER@`N*`!40N`?^`$4A0#:5@
M!`%9(#:`K%K>&L%%!;:20AB``7KSX2%@-B%`BT^AYI,3`LNX0B8EBELW5$P>
MW@:D&"?``%:@!#]:"XJ``G/5BQ[`TH5``CP@`1E03%@^"OU8`2`P!5N0`0`U
M<[*"`!INZ<1X&DUAS;82`GB&/LOHTNY``Q20`4^+!5=P"$:08#^AA"!`4)7N
M#EIPE_"TOT_HGBC)Y3A,`57H'(&^H8<`!,0X`R$`.H%.6R9^"$A``6T^;E&`
MXQ<P'8T<(`F0%B'P"\DNYGX8-U%P`KB.29>>ZX20`N'M[NVN#<D.Y1O^&S!0
M,.<5P.VCH`*@4PI6@P$:`%;>GA9`>P$8D)?$J`PJH`U94`&HD'@F)M$0[7*:
MT<7X9F#GYU\\Z%/&QV4SAGQ[MO%9YV;MQV8KB`X=!H.>\6MG(_(F2&@G7WYI
M]F;C]TT3^$TLS^N607V%4S?UMWUG@V60D`4?X'2M>F$<>':`J227T?%#]Q@Q
M#_*8L?1!QGM2'X!#AW@NWX(D#_&>L?7V]V6*%O5)WZKX)FP'H',#1K@2QV%_
M9G>?XO4UYVEYEG2QAGJ&*V,T-F`/1G@=9@4GT$-\-V:8T?8EEO<K7_<BUWE>
M9_BN(IB9:O&.SV&(KV5R/_D37_A*5_G>Q/G^][4$@I_YBW$"&.SXGH_YJ`\J
MEP]L*/;@R(9?/9?Z$2W[FG;ZM'_[N)_[NN]BD$_1$2[ZMU8*4$`!EN4.;`4P
M@&L92(!RB_$#R=-O$N8$"UMM^_MPT.\86M#!!\47-F!RK+8$KJ8(1C"KGS$#
M2F0V4)#\%1/ZA%]$?4Y@+,!NGJ$$S`\J\6]GWM\Z2"#_F)F"--8#@/#3Q=55
M:'B(F*BXR-CHN,AR]3A)6?E(R&-@P#-HZ6G(4Y#`\5EJ:KBU=4@R(XG:9<3`
MPE(Q<ZAZR*7;I4I2]+HHM$&BHF*+BMN9S+N<NER83&@8M5088ZNZ)8VXG3@#
M5(AD58A!Q<O=2+7^885QV+)1K/);J!L-3:_8C9^;ND@(LN2$D"Y92FAQU.U@
MB($'"<VP14@7H2(ANFC19XC+D8-4VNW*A3$?2&Z$RM'3QT55RDZ^H*D$J4\;
MORXF$:FC]PQ1OWW1C/0C,9!:(1@PSJT\=#!&T417D.CT)-.0E&H90V9,EL6I
MHJ:&3#ZS>BHLHTR;Q$["5`#!!K-L/=5$)&1$H2L2QMD+ZR0!U4YM$791RM;*
MB:[F:!:VI(Y=)Q5K,_8U]2_@P"XZ=/"E-&+R(XJ7$W4L]/DQ27*'13?:]I:M
MOM#X8,2P]AIL%]?G#@FI6-M2S-E%<TZZ'0RW8=/$T?$X4+8XHDP(2"G^9XND
MQ`DC%EDH^.`C$7!5%PH'"6$CF0U61:C[>-+%B0H2X')U.1&$6;(M-$BX<`4$
MR8D?5'XLL3].(3^0D`)Z75SAPVU47-$""3>H$D0$%;30!1+4==$#,09>H8,3
M*:00H&,S"*(%"PF`(`@&4<A`0A.=?&?#08IDP4,6.Q1B16,1932>"P$"L<0-
M)5RAQ0PG1%'(#E#`0,(1AC2QGB"P%'%;#A;M@,L2D_U@A1!(6D3",_T9$L.%
M5-C010A%]*!F(4<X.<AX%`I!`A4A+&53"`R0L,05&5QQ`HB&_`=#B(<<<6$6
MEG6Q@Q-,.F$(%2BH$$4&YFC!))Q/`*'#"5O^#*B".3]\><,(,Q3AY!,_*$$"
M#-O<%B-HDT*Q06F%*-J%%2Z0@*8B__E8"!!,W+!0%W;NZ60/5!0A(86`&8M"
M@9W<``(2@'7#!`8/I("D>B3TH`@5X!8B1#5&G&#"A4!("$,67?QJZ"%%G%""
M4TIHRRTBV6Z+I(HPC``I(3#*^%Q89($K6UO,.5=P*:K`0$$//4A@"P\/Q*#$
M+5T`QP63Y%*PPPD=%$+,#S880$,7'Q3!Q08YY*"#*X9<(5<B6U20P@\S/(!>
M"`_DT,02`&R@,P-0I.G!#SLP,-`5!I2P@Q9`V.`#`RJ\RX$'X``&0M(Y/-"T
M`2;0V1@B'U2S10_^%V=<RP\P1'"0$!3P8`(ILJFB0\KZ:(&SS@]`ZC,0,W!`
M0MX/N%O!`=](L)0-+QM@&0T&[/##`YQX,%D(\?D&0A*)=&<1`QY84U$(`MW`
M`*1$%<+!?C!0H80$0?R``0M,[9Q#%%D\L`,0)#CW1"TR2+`,(:L;VTX7$6P0
MQ`O$IX<!S`\<($D)(``A`;A(!.!"$<3^<,-`Q8Z@`O@HPQ(`#$+4_C$/)ZSE
M1/0Z3"]SI.V`,,,..1AXR!,4/"0!A3S@!SDP&A=D\#-(@:`(ZM#:7XJ"A0V@
M8`=_ZP()4!`$$@#@!HF0P@DJP`,M%.%G/^B`<`X!NBY4X`HTD,`/>D#^@=<T
M80.8ZT+P`)B3*\R`!S,8P!.N4((*]"!>5/B@#\91"R"\+6YS.X'=&O8)3&B"
M$P4C1`\,T!PHFH(*#)`":!A@CM08`@D&V(`"&,:!+U&*"AJ0!@=>T[DF/-$S
MR7L%#$:G"A>0`@0N*(02!A`@':1`"0_HA!`B<*`N7B8*R:/-;&ZPA$*2"Y%7
M`&,A0N"D;;!F.,J;3`O0M`$U\J\1ST($##YP#A>,S@-][,(&6MF!@3#@-01)
M#1!0&0/@K>4')C"6!IYBB-7A@A`AJ!@*<C`.]G2!E0(B`6^Z`(03&D&2+8L7
M\N:B2)7](C.%L$%[[A$#6E(A`X60@"=M<;S^)R2`"T5P9A>@D`)8(-*"EME%
M"(R0!0W@@@.VF"8T-"")#7BQ"RJX@@U>4`@G**!^H-G`%2Z`!47T8C(U$,0'
M6OF#$G2!D9THUO%6!X-C",$&6,B`-#*`#;C@QIR&B(!F4IFR(HQ`"]GD(I*.
M!Y1"T.";B>#""XH"G*=PK).%^*0K1:G%4I"%$PD3"UJRF%1/;$<5Q:J`K<@%
M@O3P+%<,V$`&.G``)R"A(@>!`4)!,)`;U`(C5W`G(KBIBL\4:V,54844BMD;
M<EQ!,82@0@X\0($*#&4I,,C!#A"J!55@8*\>2=,\['>(FM0DI%WH*@8\@`"M
M,`)O>G,,7(UU@33^96X>;0*=0@:RA!ETX`$5<<%2/G.%M?#@:A)]9C=T@`*5
M)4$(U(F`.;A)UV>BE1D;DTM)KBJ%Y'V&J@.IP`5HF``TX4(5SPH-!@:ZNF*I
MH@)<**`'-E`!"@27"UH(`0?@%`(E)(&LS]P.3:R0!<MZP`!0$,@YQ`C:+A2A
M`BNPI@J?ZP$%I.P#DP$.1XDYD./%H(\CD``'./``%2PAJV6-#5RRFEQ>)(66
MAU#"Z,JW!+(RMPL_+81S::@`-.D#"2S@@("A&8*/V*8BQQV*+>2;V:A6`A/(
M05C#,C&*SNBX$47`XT$\\(L4OB*H,,@J%2KPA"4D`5*<<1<,^CA<8ZG^X`,8
M,4%\)$)5$KU3L',M`BD.<M<94$@F*WPH:"I`@R<4(7G/>H%A;8>+%?)5M(A@
M1S*N6X@44A;*2U#"$WR3B!R=I*-BA@*9,P=I%1Y-(4AH0@5\(`4<5.1XH2$!
M$E00'T88M<^U^J43;"",2Q88E2THR@?`T8^AXC<T5`@M,8G0A0L4P0E*<`+!
MR"3.Y$WVK`/A#A=L<`(J)$$)YA@J+#*`I@\@(0E9M3)0LUJ2*UR!T+WFLV)+
MT]?D%0F_&-BU$IK@KKD"YS/$C,]'BP*"&T1AV<&UMB(X(P7!6J0++7C-,K1P
M`BUPX`I&&%D_:G@\#!BA">?.20[*3844O,;^V3/NQ&1M08$H+P$*31TR**;8
M,"NFA6$>=P1-/=<%)3#@(/@=;Q;JLLR]=`$+BPV=+8HEC>%V(R][P9N^+:C1
MN2H!`%1100NDP`!7V""TH5FP'_7]41I000'NZH(-!,L:G.-CKIRL23A=*7-*
MJ."7K]#!STD0],SAFL][*L02)&#!]M@`E8X,#0]($(*J+P+0&CN!"U*FA2"`
M``>%`"YP5I>#GP>7-'0$#3D)P<T4W(@1G2K$UQC_P"[<8#!=^($!WC4Z?'"&
M+U$@<Y(E05-;R-H<'JB&-'#`>2`8@*'&>CPA7,L70DC^%8:O"+OYK."BW.!J
MTKA"S6G:V7L$]0+^O:IDV(V7@WC2-&,I3_HS"6HE1JB(9!.GL7M6;XVB<"#L
M)3]-%XZ3G!]CD>3E9X00)%`,EG(2$9Q1Q0=LMP0-E(`$MNM"!EO``0A0`RIC
M!':B`B-`(?<V#"IP`C)`,AO``B$`4'RF7_!P`B.``1$U`_QU`A0`*1G6!5*0
M`2?0`H`5#E;S3#%0`2S0@>@Q!8W5)G`!$5V0`A$`#H)6%/%#+RM@"2V@`1]R
M`O-``A`8`AB0;FJG:JZT'BP0`8(P9RC@`A50$25V3;PP`(-A%4[0?XF`!`J@
M%5=$%>J65;AG01L`@%`P5A9W5:Z$`4Y@?"M1+%?@`2&0`B0048F``1O^<$?Z
M-EE+L1X?Q`#C,`,8L`(A``Y!-1Y;)CX#,2``B`!HXEZ`Y@0C>`+]]X<58'TV
MH0%:0`PE4`)Z9PA9,(=U*`GJ1F,;@`$94RQ'@(+/(C(J$`*0`@0>L`(=@``<
MY!D1$`)7$`444`(L<`''D`A.``#C\G[Q-QE((`M<((HC<`(D0'LWH`$JX`(,
M@"94$`$C<%56D(UA5!BKTP08\(P\V'Z.L%1"1ARA`%7EV`A6\#*'H02_9@A6
ML!=0,!E:P`,W`"F%$`4S@`4S4!1*,`Y`<`,AU`A!D`,U,D:H-B@!0B==L%/W
M<&H&R0O4ERLV$`198)%)8"51<#3I80,4N07^FM4$_G4"(:(#3H$$N``%!D(C
M-K"/E>!7-W`AA(`$WC0HKL`$`;($XU`.16`#XT`(3E`#2'`%U?`$'ZD%&8-@
M_M`%+J!9B'`%/X`+3Z`9/8DCU0`%2*(*-ZD#6G"4AI`$\C@7\E8A#6D(4Q.5
MAY`%-P`$&NE'N!`%7X*/.K`%\9A0(:D*](@C.7`#<-(G_#@#60"0QK(7>&D1
M/`"3A:`%.X`E2I`36J"2-X!,[F<#6K&3<T$5;7DT6)ER'8DDA&`$.!D.,Q`%
M5#!*AQ`%-H!ZBAF3BH!/\_@RAJ($=ED(07"9BX`$-.`$4F`@4,":BK":DK"2
M_/@E+_F:[.@>/@#^<E5T?J+`?LK9,(?6!4SP`&O("#+F&/M@&UDEG80`!/XF
MG7N'G>AX"+32"$Z06^/)GHT`!:H02>7Y'!WG<?39GO>Y".=HGZ4@14&&G^X!
MH+6UG?=0""F0AQ7P4LS05!B1$ZH0%[D!#-DY&C;C"9()H"&QG[?0H/1Y`5[T
M%;GG'CEP`%*R"$^0FN@@$HXP'V?!G2C1"!^Z"`WZ#,.4""GP7`AJGAH##`F#
M:#J:HQ@JH#NZ63Y*"5%!I#V*CCWJ&]V`I.7(8^E7,`OSGP43-+1''%K@7U,Z
MGE8Z"53@(CT5H%IZGTX0F'X!H5$E#=O0<;[1I-N9H6+*COHYG\^YCG#^VA?;
M4)QV.IR,D*>3$)D6V8[DYYFJ$8+!.:!E:@E;H`5D":<C:0D>^0AWR86,FAM-
ME5AA,:BE<!&(L*B12I:*BJ*W<*F/T:=V^AB$P)Q0^AP]`)TY:JJ0,7]M474W
M,:!@&JI=`0*V@AK8V7&;%*;N=0[:!:N(D`&Y*JI)V*:&\`,;<`$7X`+)*J&7
M0`F@N`B_YQ>T0:F@44>$8:N4,&'.U0(]F@7%<P_"Z@D_X`':TAXEH@$54',2
MQ0(:0`%&:`@]<`$5X"F#(@'NH@H^@`'-ZBIF(0WXE1#96JNO>GX@]Z:Z\9S^
MB;`T*A8M%T6W@AL6ZI26$%15$5GE&1++P!K^0/J@NP!Y`[&PW4`(SD8(+4!:
M"2JA$B@%J>`$_'JP!!H6"8,%-9,.Y&2K:MH%,F!A`QINW"FQ:HH1)SM`8+*)
MBT`"`P6@<U6TC<"03:``Z*$KYL`"92.5+6"UC>$$'&`.+7`,2@`",%<(1L!Q
M+;,HE,"@W-H(*ANM".L8<AJE(R>F4J`$7\(%X\`$,9D%67`%S,:8,F,%52F0
M;`L:Z6$@3O":65$:9&H(<A.8,C(.448P?^MK#+4%01,@6U`#H02*5+`$!E(.
M=IL,6&!H,Z.1DK`%2["/G\$$H[242R`C(?M.G@-<5J`$KI"WIKNH2R"[W,!K
MKK`%-L`!3Z!W5Z#^`3;@16J2!4F@=ZN;G!N#2EOANX:`!7V+EW\KN5M`!4;9
M/X!K$5>PN@-%!=/%M%P`N0&"AK:28:R[#-0@CS#@@.)P"+CK"J'!!=4K1K#S
MD;R`!?G[)8=0`>VA"AX@789Y-$Y``4(0(%.!'E15!%J0!)(@#?`;N%3`!&#*
M==KZ"*$!MC@26@0E!![`M!47$I8;*3:T!,L0-+'*!4%3=3EB`[8".TP[N+`3
M451`,.7[G^?HG%(ZI48``AR0`*^!C2V@)[1$`[63`5L5B>;``QRP`0<P&:EQ
M`1>(H#8``O_#F,U:"X4P`UW%`5R0;PEP`4:`!2$LCB3P`#7C!"%`0X3^PY8@
ML`$<@*,CI``;`"D.6@$;\`$9K`&^T\:%``6_PP"X@0$C@*,A$`$8D`)<,$Y"
MP`$,<`Q1H`$;L`$:`"E!M0,9L`%C^PM.\`#@-1!4(`$DD`%+@($:@(N,^0$:
MP`$7,!!"\`!YS#\L<``1<#4C<`,M0`$7(",DT,CQ=`@PX#G/(`05(,4@(`E+
MW`(38@0D`,L1]3L/AJ/GQP$:@``#4002H$<,(`@J,'D[<#6J4'H((,L$=5G,
MQQ=40`$2Z,=5)P0,P`%MB`\R\$D7\``?"04/T*X#\8*\``.7'`(4$""$<'7I
M2EM&X,TN1K)N-[V&(+;=I,P;\!\&0`%H0@/^%:#0A5`"=6S'!6995%8!(]`!
MU%H(()#!A*`*$^T/A.#27D&!L6H((6`9.1$%AEPS&(`";%PS6S#0&Q`"$E`:
M@W,!#(`D*F``\'<(0DS$QT`"()`"%2!8.T".3!!Z[?FD5*1^=7J?XKM1<*,%
M`=`TVS<#"5`(.B`7X%<8Z\-XN,``?40%`V`+4?``DI!3;;4Q[@0#\0&"H1'7
M*3T0'$!%GTQ<=.AVEI2QA:`!Z`')7?``*;-,`W&]A4`!3A'87?`0A7`D6V``
M3N$G7B0!XPQWP*'`J@`$1-<%'-"9\90%9*W9"4@D-4W,2Z#8=;5UDP$"N,$"
M#OAU[Q$PY%#"H/'^`%21`EEUUI?T`(3``2D3`@G@+O%I+.0B6$@``.:@!&OQ
MD!;T4J$QB'/Q`(^E!0"0@+!H0QS0K\?@$/.D`\[$!1V`'DL03U,06K-8""X`
M`'HW0JZ@`:]AW5Z4?Q67#!F67./0MS3A12-TAQD`;]#]+G=-!1QP$#U@"]9]
M582P`VYE"%G6"%EF$DWY;?B`!"A0`60W(U5WV5V@`*U$8)WG'"X0`)];""_@
M3AN<*VAVU\NDLRI0`Q%$7<)XGP?CJH0*9-'9GEKP`SP@`=K6#E3E;J_5#N"7
M*XHI;*4A686!`?`5`3R0`T%0`4V0`OO!`Q&X4<I5Y3:6:^?@7MSH+@?^40)%
M$4VY80,;H%E\!Q@.2CLL4Q,74`.]`P(VP`6"155(L`2AA0L74&BCLSJ4Y@3F
M=`,_0`&,50A/L`$TL`Q6(`$1I0HG\!K?`:)S98I=0`$TX.<S2--_H5&JL#N:
M35BMODP<M&&#<`4[L'3!]6TMT[<;`(H@6`$9HPHYX'UL;@@7<&P<(`0Y<'7%
MW$JUIE\+;`,_L*_;U@6?)=,A8"4M+5C`P7+FX*`G=$TJ8"4?L7TA0'@'H03B
M]0%H<A`ND)`;<.QJ9>N)H$[]JPHJD-6U9>_<.F*8-^DYT`(/$,`])01YGFO?
MV$?"*D90,.8U8^.\T`,\8%44"!P>D#$>D,'^]RE%JJH<0/R?@],")[!R>^91
M2Y%AG%%C)1`"+?`!?&CE6([E5[`[*'`",\\%[\.`RD1K9SX;MF#H\<Y&X`14
MW@X+'O`!DH"#&*(!+*`"#.`4*22%*-#3;BCH70`"2J`$=455RZ;H17$0<60U
M]$(AK$$%S_QEM7</J[/8EQ1JH5[2,L\GAQ`#F\.8LR&>:5Z8U[<ZP_4PKX'R
M*B]>X.<+1I#JD-4%&C`%:NY]^)MK6X`#$K`"/=TKU$7R[3!-*P#V^87PYM"4
M09NQ;Q$%67VR1=$FJ($D6L?LPEI8$V/YO+)XG/H`O=()/Y``AI(3LE\%AK`!
M#YPFU!'B-)M1W"G^(!FP`DO?]-\(;P_]%G)(@A=0XYKA$!S0()84ZC,0`\BK
MI7);'$]EY-+I85W!Y)W`3747Y;B1!1!`&<1L72V/>>6P!1QPAX3``I-'^.D_
M%*_QKEJL#!5$#ISPH`X73RD$"#$S715875TA15T85(<@2X>'5!F1(494#UN'
M6P]41R!=.2E=7(1+4:"17508JEU7&(9=6A%.79H8/%U"(:Z(0H>)AT6]'Y"^
M74L56JX\K8=-#UTQ,(<Q,=;5'22W72="0">2K4(CW8Q=02HJP*JLAQD[W2@J
MI%U9"+:OE#PK7*61-%T;EZR7NPM=5.`XE"6"E6XJ1FG:08Y;*73=-.3^4(5!
MG@IQ'*4D1-'-69</)#5]$U)/%3%[D;A<D`&S2Y$'49"YQ'FH%(QJJYX=PNB*
M5S=5L+($`X:16L(;#!UV2['1ID%AFKHHX1`IPY0N(]J5Z_(DQ(QJ`'6J7<NV
M;<\N/`X8Z%'3K5U?/0HDX'JWKU^=4#8T<0+#@!8KK32%`/:3(*$<5%H$V!4B
MBI,0$88VBH2Q\U<;')8L^;&J0H\G0*#<>R!D"V+-V;K,2$&%!X`2JFP\:"*%
M!85#1M,*41+EQ:`+FV%@VU#D"8\`2+H@/V3D@I'16MZ56HR(0Q0H''H9W>)!
MB)01`)1T*7'""1)@[Y(5<4(L:Q<:#T[Y!M[^"V`I$R<TPAUE-E4PWP]7N!*#
M!$`XL0002E'`0A31#-)8%Q?"X$(7)#S00Q4J_!9$99=),]XBFT4@@2]9L-8%
M$@D8$44."CS$4``5-!$-#;=T,`,41:@7R87QG=#>>T%U(<4&2SA!P0!*'6*%
M`CI$840"BIQ(U(L&P/"$,AI(R4`.40B1TP4T:'$%E5$4@26'`/!@18B';/"C
M$-$%IXH*%5RQ!!/,8,'`#50H\<0A2%1UR!6#%JK:/1R8%P)ID4QWSPQ,./&#
M!ZII,8.-MS#GW`#16=I8%$PZ"64W,$RXA`0&`0AJ8$T6EN"`1H%EP&9_]=HK
M#P88H(NO=Y7"@U[^7*5%[+)K";'!!D*TD,45+$0B@WH]4$KM(4Y@4%X+"=J`
M`0G1'L)"@I&P8".XYJ+[PP88V'!(%"1@$`*Z0D1@Q!;5=G'N(3[0M0L&*N3`
MC2I`P"OM(4L,H@H-&&#@<`LV]J#+$A]@T$,,D*R`[HL@8##*MM8<8T,&&\BK
ME<-7A'`!#S-`LH4-\`;1A17].K&!!B!\?`@0'&30`C,KL[B!"5W(<,P2-(%,
ML"NET*O!!CEHDD4+&$![2`\"<[VU+B`(`4,%"W=QP[CE*N&PO^BF((Y]P$4`
MC!(AE_!5)%;`X.P&-C/$PK/Z;"TPR5S8H,$%0-S<[Q)3"^$"J$J68*_^D`W;
MPZXJ5T^=>"14D+#!!4V0)0&/44C^@9`T`*'"!4/[_6SH:KNBQ;//8G`H$!5T
M`.\HBVR8E1`5>`!O2UJ%#)4J_QY"P\XDY-1%#]*HLH0'&L/`!-N"<]NX"Q]O
MT4(%+/S`XST;@`2<!I%2+-LQL<,E%+/PJQ67L/&[=2P"?-6O_UO[]Z^_"]A0
M5OT$Z+\"&E!_`^K5-P[(P`8Z4"U:L)3_-,$";#P0:G>A`4T(>$&V&"M8NN"@
M_DJ1E[UTD%@BC(E:2N&?NO@BA3T1(`%A6(H:N.`')Y``W.RQ0YW`T!XIU`0-
M^0>U'O[#ASW<!/Q8J)8D_E")W#EB3$18"BG^K,`#30P(#'?(1+<,T8=/?*$,
M7:A"5;"0BVV18D#X9X5CF)&(FWBB)NRC!**],8Q"Q"`>UY(%&US`9R>\BP]`
M>,'[;2"0B$RD6ZC@`A+8P(Z*C*0DB04$Y_DE"2$(W"0WR<E.3I(*PO#D"^%"
MR#"B$"X%P)\H5\E*7ZFQE;",I2QG2<M:*A)8]#/ELH"E2EOZ(@6**((B?,D_
M3:3`"`540@+61LQFIM&9T(QF)'6I2&/)95@,_&`O9?G*6?PB%!O)"MR26)<Q
MPD2`/=PA#S8S1U\(X1C<V6$>>S+.M+0S$A\8IC3WR<]^^O.?S,(E-AMXO_S-
M4EG;:4<KMX3!`27^<'\,!:A$)TK1BMKR@W,AH_^`9<)6EH(*)\#`!_21A1!@
MX`?<\5H67*"!\BRJ!9&@`21@P`,#>:\(03M4%WZ@@QM00!$PN(`\#C&#"IQ`
M)!@J`@DJ`(R2(H`"\FI!!CJ@218@0`+U6,P,1A>)*W@@`SDHA0UZH`$>,0$#
MD9+$"3(0`DB4]``4@`HU+4K7NMKUKO$3J`-)F$J#LE()0J#""E:$!0F8*00`
MB$YC)+`"*"SA`?*20BL2VH4'<,`)5]!"`%I`!1M4X!`V$,`1G'`X(4#!13;P
M0!3$=8@';$`*^6I$$QC$A1FT0`I(B`[>RBJ2$(3`L1)0!!<\,`,J;`#^*B%@
M`!.L@)@?/$$"@$I`#H"4@.C,-K!XS:YVM\O=OE@SE]DD94=I>8$MX+!2C,%!
M=2+QV)M-]IL2$)(5)!"E$"0N!@?#KS4&@0$;G2`)7:"`;B^$@:^H8$,-;0<(
MQB<$4.@`)%+H10B.MP*5"6$&,<"-)G00)A1U]\,@#O%VYT>7N?ZJK[)T0@L^
M(`$$R*8:S.!."W*0`[1<Q`JPJ`13D/H.Q3`&*!D:A`(N4`$,*$`]IK(@1KYG
M`_M0]IN[``4-$H"!"TB@%0,B`0,BI@`8I``8'WT&!I`JXC*;^<S1Q.A`#<A7
M59KX@5B(AR$0<A9ORC@'.N"&)K0@`2R\QL?^TME,CQ&1N`LY!4.#^&P6L)"5
M,1]".4,A\Q5,`%,FAF4I_,%0-:Y0WW9PA].(V`@SE`$;-)OZU*ANI5[?[!>.
M^E641<!B,A20!59H0@B)Q1!-&'`,%8!B"TSJPA0$`&!+Q>>;A@;RAD(P5'1A
MY$(7.!2ZH/`^1/@@&,,T"K4?PH6'X$K62KF)+#0`%(QD(4JI3K>ZU\UFN%RS
MD"B.)0HN\($6=&)@&P!!!(!:#>`)SP-1$H("..`"?7E828E!-I`MV)B6;2`#
MO'NV!6F``)Y6@`,;T.0N%)!5L1A$"-["`##"9@]Q44\U1:4>[PXN@P"R^^4P
MC_E?]-I`8R&+FW_^NEE6GJ"$+8#Z0E90@AOGE037*(4*:>&5%9@!ZGN@:UH]
M<4(2T,6KIG?!"5'8PA*40&954.AF1#M,5Y%PC*6[`PF!HT(2="J)K@)2YG"/
MN\PQ6N+P%K29+3P$";!!SDFR^B].EKO@!T]X4M+O@;Q\]2IAJ(6(H=N(!?R[
M7R1?^,I;_M3?#:'=#8"`#DL3DI</O>A'WT\2:[1_QQHOZ5?/^M:W7LU[1>4V
M74_[VML>[K"GO/TXK_C;^_[WP`\Q+J]=<U+./OC(3[[R*9KYT^_O[LN/OO2G
M#TV:.]#5U,^^]K??R5(,\O#AS<OQN4_^\IN_@*O>O.K/S_[VN]\NL$?^?+S?
M3__ZV_\0P#J`Y@_8YF3=__\`N'W-AW@&L'X!>(`(B'SI1U#SEX`.^("NYWV$
M5'RIUWL0>($82'@+V&[0!TM,U$[F1$!]]Q9I<40SY$*OY!\(Y4-ZM$(:)8*C
MI$)2U$(F6$9PDW=K@8-'448LZ$3GY$'FU((YB()`A`P?N$8\J(,QB$ZG=X(<
MU$4>M(-WQ((G6(0MB$Y2-$_*L@7_<(-P1`K=1'JY=WV\EX%F&'JZUT'G1BP/
MH2;(`#G-9'W\9WR>)TJE,`,/<`$;X`$70`$>T`084"VED`,2@$P>$`)$@P0<
M(`$LP':1@"H<,`$A<`3,<#8;(`$P8$G0L%3^/T`T7K4!SG,$$I`#2(")CW@T
MOD"(PX0S$I!/'`0%)!`!)3!T35`"%=")]E`$HQ@)6A`"'T`T7&`$/U`!(]!S
M'S`"RE!D'J`!%?``09(U%5`!$B`%4H`^L()=:W$$SX($`-&+&%`5O?B+OM"+
M&Q"-,:`:)?4Y%_``-%$$$[`1I:`"&)`3I5`$&#`"Z!8%3Q,)]EB.$G`P+X0$
MSW($;R$NY?@`@Y`6)'!E'L"'_W@2($`TNK@1(%>.TJAQ9($^1089O#B,)!`Z
MRF*/(8!NEHB)EJ0"\%(!.3!TR!`%,"`!-O`0FH`J%KD!H)<0*;F2]D"(R!0"
MY<@W1!,8'%`!Z[C^.<$XC"/0!+%X`1S0`1CPD(BRC;SHDQ6P`3^`;DC@`1'0
M`IK8*Z4@`TUS%TA0#?IH%<@04;0T@-=W<[#$`R&0`@<``!YP`BV`!`"P(O\!
M`/(0``&0(#L```G``@R@4/:P!`!@`"H0`0!0#R0``!AP`@.@EX>@!1[@F"DP
M``>`3'`"$A4``$?`!0^0'H=@`@"@,F]!FAM!!0P``#[Y`<B@!)&9`J8(*0"0
M`2<0``A`D*%P&_:0!0.P*E(``H=9`B"P`5L0``;@!"20`A@```^@`B'@',ZI
M`B5``E?0!`"``(D)``-P/+X0!8KI6W>9$UE@`-GY$%?PF^@6";X)`"?^L`&`
MN05:$)DD<`(C(`\Y``!(4PH2``"0<!$`$">%>9=OD9_/20)AZ77AB5@1X#RD
M23`A(#!#0@*-"0`4.@/'N2J[R0TV,)TF0`)=5PJ&>0#;^0Q&@``#$%)R"4G-
M*:":4`*."9D`4!7]*9X`8),ZH0+.N0()$`!589@(<`(DH`(W6:.()9<)0II[
MZ9[-R0"-,*(H<`(A$!VH,)P^20,4&@`62@)DN:#C>0^1:0+-^0`/H0/9*9A]
MPX)NT1BZY`2I20[]X0J.YGQM&2QU-X?8-TN=N30`\!O,<`("&@`#P`RK*1))
M9)B_D04*``!:H*,;\0,$V@4NX)[4`0`,($3^JUD;```4D-H*4A``"@!)>;D1
M,+"I4O@6'P``8&8/DPH21F"IS)"?XE`*Y3D`"5*92,.>`V``42*KWO27L\HP
M`/!9NQ"9A!D)'```QW,#-_H*!:"EF_:;-^F;MNH-JMH%ZOD69HHTS$`!_CDO
M`B`!`^!_ADFLFN"K:I&LRPH`?(&:?%0``R`+M7H%@\B;ODI.Y7H(WIH3JZF9
M@+HA41,`$A``'=`-@/JHD;JG[L6:+A0$CLD,4H```'`H^:H6W@H)B`$`K@FC
MNI"M'3"C6C&LKE"9YJ.K!(!N\+FNAY2>O-H%R:H#7;"H=^."OL!%S'`A;]06
M5(`0N2*GC<!%(^C^=X:W9@>4>-S4!?U).0`P`08KF8*J!5I@GOKT1H:Y(H0`
M`%8$LG;Y#`\P`&W8!:2I6_DI`0EP`*#2F3_0`M?J"^[:F"N'#)UIFJU5K<P`
MH\B4G_L)I@/@<W?)#$=$K5EPKKRI%'@+$U5K#Z09K'C3IV`88`!`KP.0`!T`
M)9HUJ`)$K;>2:]):H/II#Q=["/G9`Q^K#X<;"?F)&QQD!8Q[1-[:".X*@^G9
MEX>`!9N[H;N)&T:8#)$:FEJ@!)W+=`,0/;O9`Y6I#^YJEPB!M*+Y(N?Y1HBE
M'K$*`(/@NU:K$TF+*(?9!2D``#`KJ(;0F+I`O>X``!'@MTJ4GM5Z,XS^Z[F/
MRP6"FB"->6T$``##Q$$Y\)0;\!!6``+WZR*K$`)810()J0HM,$P[(+S>L03B
M(`4\VPL[I`$SP(PG$'!Y"!1U"EYXVH"L5`H*&[(#0&07D``@^YL),JD`H`&Z
MY0J':Y<N!J@G@`2A21J(JD2^6@J5>:T`X02`Z9BC=+!D$9D)\$C(``0!&@&4
M4KKUBC3,&JQ9P)=P0:EIX9L!$"7`V@WY264/*;ZEX+N_X0IFBKJ:0)JZ<)B&
MN2&_:0C*TI[1^`")H\969@O,2F5$&9GJP0D`0`5_V31(O)M8#)#VL*U'T;;.
MB0$(B0SS&:^S&YG12,@6V@4=VL?(8)@#@`'^$5`!T>'#6=&?,A.:5&"F%N3"
M,`P`?:/)W4#*F&,`LGL(7!RR!$!D&+">AT#*FM"?4:"CNJ"E0#`#SLD,OCO)
M1?;$BJNK&OJ7&J82@1H`N;S+DAJ@&)#"9E1')U$M65":+T(!$0(,D`J/;Q$#
MN7H"`J8DGV449=FSJO``#/`0*7!(2[`!C>`!SNQ)WW6G#%1"_A=+I@RD)U`"
M*1":>ZFA,2"Q`NH*OHN<R`D,C3D`@NHPI2NX>=NBBE(*%:J9;`NR77`$G=FL
MR,`#H;F8(<NTIMO(S)JW\SD951S%9PRZO[N;$:`"(U`-ALFT(AJI-,R;D<"Q
M7>#$)#``4?"LLJ#^"O/)I`8P".U9G\VSFQ"@`O4IL>J!O*\@LKIKM?5ZU"-@
M0:KPQ4H$HQO1F!"Z?SU!NXA\#^9)`OK<G-S`K!"0`E.-02.J`N9,%Z^KKZ*9
M!#Q\!>L+HP@]`&LCRX[+DH`[H"OBNT$ZI#?YN;-\QRO`O=AZF.3+IX$M#G^9
MMYB3K;L)V3`J#Y%IGA+@1O\<H$0[F;71"U10`0`QI4[@FIJ@`A8<"4_P65%@
M"?)"`S!E%))%(`(D-]W@`4_``C-P!;5A$:HV@7;'EK)TSTO;#4J*K8A,JZ6:
M"0)MJ1:#+H`J)X>I%%J```I0"IHPJ902`ZQY``+@/#%=O6_DPP!1!*O^>:P\
MM`.1V0@(D`![MLRD<;K=(,6[P*ZW`!#42C2^&KV*>[B:(`,:ZPLZ?$A<H`GP
M&05<\)M<$`4`P*,!T-/";`CPJ0B2+;AOH[SJD:H*@`$5H*4VH\46KE$#?@L&
M#@"AXZYJX=7RBM"]VLB%JQ:'JP6+F@6XYCNWD``)P`R5N>$=#@")`[ZJV[(8
M/B\(W96+```YP0P.6RV^2ZRC9,I1$)E9H*-[.1FE"A)[C&M<P84FK:%/T*Q;
M4.(([L17#A-9L-SHU`(DX`$,P`UE60H@D`28Q"IH,;)2T`/5`E,;`+.RW<!G
M26:/P-;/(@',!,_N!GX,.'ZLU,$SS`S'_;3^7!`EZ`O+,ZQ$@@RSZZ&LDA`L
MZ&D`@YJ?;YNO8^2N"9*7N@`W/3T!W]J8QT,%!D``C2#?M"JM6R#"BJ*W5-RY
M(3Z@74P%(GSJKN"MNOFJ3(NY8`$``5``$,X09\P%E7W3&EH*5MVM)AZU",`"
MR]F82-/DJE"X6L!!WJI;1["^[OKMR*#BS)Z^^<D--:P3E;ZG\[DKA\"LW&`%
MG(?M*="8N('5<(+I'0RH[]7M-'VUT2&^-QG+WVJM"/'LO^ES!F"V(>ODLR#"
M0Q79&NJXNO6J*W+(#M^RZ(*^H#<#*G!KO3`%D\4%(9`$3(!%FM`"5*T*,*`#
M+``,.H`$%/`0L@W^IRX47/:`VRJP.;.T@9%G?!;H2<2-EV`KF=S)#`)L!,U9
MY_;`!`2:1_QNEU8;!2*L-R(\/I5)%UH0FC83WFKAPVXYEI9*0"^@`DK0F+*&
M]0#@`@('`#6`TAL@C&:2K47`G1L`!#N0`AG:XMRZF\P!!#)LJ4B@`EKJQRX!
M``*@`SH@`/3["MGZ!%JJ["P2F4&@RPE`!<<9`#T@!#\`"85;V&T"`)76!0R>
M`+H[F#_0`UI@&[FJ$WD?`(X/^<.$XCI!K;)PR"W.H3=J!(3_=H;)`$C0F!?`
M#!VJ`&(#F+=C^O:0^M:Z$5:/\#;P`ZN9`$8^"YTY`DC0F0=3NM8+`#3^8/T`
MH`"V8-/O"R=0X;N#&00_D!.X-@![OP.YVM?UB.P[H`-:J@C&WIA9/0.`8(0!
M`-/%U678=:)CR!'2)86!V!4BU,51U"4$8),XV:44<K+5%752@BCT&*GY>(AX
M^/"0U=62T;6$$05I]>G["QPL//Q[Z&-@P$.\S(S(8X#`T3Q-S7RX,="$V#2P
MD<@"\-/%P*#5-7,08%#XZQ3@_=D"T(-X80"%>&4#,7"RE#I`$J(<`"Z8Z\(-
MGJ]#X)0AJ3#@W:Y?/QX$&%""5CX;#_HQ2<1C0((!)(U(8*`QBHL+``;$V$+N
M8`\`++J0"HE@``$`3Z(82`!`@0I+PE0F0`#^8Z*6F(A4#'AP\%.6!P@,O,.'
MY0&R`0!.=.%!,]$&`4]"#$!BDQ0'`$*D_!Q@(%R1L*^`J420P,4NAO.&96%J
MDYQ&L"JZ[!`)%\"_28>6O,6(9=*2$T]M7$'DX:Q-<VN+Q.C+!8.!)UTT(`OP
MP;(P+3P&@2CR*N$PTU8_T+C<!9PX!2B[(`GP:,F!D7%S()+B`L-%=DM[3XKR
M(D'>B7\91/[]:$8"=>Q\4?D@H42+PE1`)$*1Z0KX$B6,`\,P`]%?]T:\?N]2
MQ.NO$#`P5""!FQ`:7("!%-4<B.`DSR3C28++'/),`M(X2&$U=36(""D93G,A
M+!K"0DP66]1UB!;^=7T83(<'JDBB+Q^J"*(P*&Y8(1<7PCC)C!@R=F,74>6X
MA3DZ(G@B,S,.N2,P6R#YR2%<_)BCD)^,&".%-@ZSI(LTHGAE6M-0V0R*.@[)
M1190`J-%%CC26&63RZ39I8]F5DBG,!`BH\R:=3H#S81[_DDGDPYJ**B#+::(
M:)+$O$AGG,%HN*:>"P%JZ"N24KJHEC;MZ:B2C&%:S8>%$DI-H9>":@VJE"[H
M@ZJ?\E!`-*[.>F"A%M+:9JZX+F3KKICVZNNGP0)ZZK"+DG)AEEH"&V:"IAI;
M)X0',%@LA3T4("&TVF[+;;?#5NMMN.*.RR&YYJJZH#*S0HBM-.">.PW^#1_M
MZ8*::*GZ@SB^P(";@TOT0HT2I&CA00J8MG#9OQ0JG"`2S#Z'CZHP`#R)%8O!
M^P1I2\37@[Z?N-`OM"#[D@40//"P0[]"Y*#$)T_PH,,/#P]SA0NAXD=!)L*,
M#.\PQN"Y*ZRR]HRCHPRS.8DYE>SH*!>"DG*!%5<HU*"*RCHQD2$=/MF%#(5<
MB`$5/O*JJ9>'D)")DY<6>`X)62_$8J2'L$V")8>(NK6&6"."-F-<*HJ(!F*/
MN":D7<<'(YB>V,IPV)LB4L0(6C_]RXNBVHEYTEW$$(,F'W0!P]>?.#YCI\3<
MZ/"49#L.(A)"E4""V%1H`((*&I"0)0D8J$#^`@5ON]FDTV13(1"3-HK*0<J_
M-#ZXBS,;FR[@G'9Q;;8]3\,Z,4M;.4GVU)QM-_"?A(ZA][NRO?V#U)A/S0A$
M77\@Z^S#/XDJH,OP"]O<>R?0X\&8;S\-:>$![NF"[1"Q/1JXHD+$^UX7J'"+
M]XBM"_.CWYT8A"NA4<U<17`"+'Q@CAR8(`:7T4(+&!`"?>F`!$!@3`Q(((6Z
M_0()*5#!8K``@Q+L`!A66,$*9F<%+JCK!THP`5IRP,)/`.$$++C"#ABP`?<4
M@00YJ`L2E^"U_$6!!B8@#2*LP`(63(2()&C99$B8BEWX(`HS,$'$A($!*^C@
M`1NXP2_6*(,N/H?^!2=H(0]5P`+BB0T(N_@!$DI@QA.@$1$_8*(<&<"!3@1A
M(DA0@0I:5HH@+*$$\0%&#\QQ@Q/(@$4R*($/A(`/)"Q!"!.T@KZFF`,-]2`*
M,#B!%]'T`@6,0!RZX*(7HQ"$+CR!C^^;1`^D$`,38+(+9&S9#4J`QBWPP!Q4
M`((3=-:%($S0$#YXA0]:90@[+N$(FC`/^2ZD`2?,X`0M.T0/5_`[9@*,"OH*
M`A/Q0042,("=-HD!/Q%!!1_.;@J?*L(CL@0$\U")"Q4@#0B(8K\.@5$%$]F"
M#4XP@Z@TD@59L((&K@#(D'U""/=\H#Y/<"]$:,$%"B`!+[>HQR^&,9[^Y'K&
M`?)$JV<,#5Y`>(3GNE"!$O``!@_8Q0X>X`*TV*`"K6E!%[+``1CL0`.*\<45
M9)"#%@R`-"%PP0UL\$9$/"$#-MC'`;30P"Y(0`,VD$(.F)H!I]9B`T,M`A(B
M4`)+"$$".""!!Q!Q@A/P(`0`,,Z%*C"#'[!``B7:`!4?0)JUVB`*5*A`Z"1`
MBJ714;&8'4;83&*"8B)"`AO@+"F*\``;\,"Q;GH"!FR0`ZI<9FD18"ME)1"Z
M"IBC!1OH@0OL&H$3!'-I,Y"`#G0@@?@@80`P^$$%;-8A@]12!S9(@B\(!@,=
M:!4M+LB!#=@1`Z?N%8E_5:L&3/NH.285J#/^Z,%B22$$R9$5MOTZ1`40$`,>
M2*!S:L7`#9R0`:$2=1<C0($B;H"%"P!4P2#Z@,X\\(#32@!TA0B">5S0G4E4
M(`$PT&_GM+"!]D`V1UUP`7_#2PFZ<J0(6W#!`VK@P1-P@`</:*%K;7"#"!P@
M,B,UCQ8R&SY2D.^A7;@"!OSX"2UP0,2D\0P/*J`!1/#6MT@8(`]Z$(+R^H($
M*GX`;(A*`VWD:(XM0`MB?=""SFYA`R?`P0/":J[HO>M6/>C3];BP`;&1P`@Y
M\`8I6N!3QT5A0EOPBD'EPX"4_J(%\=%M,&)@,UPD0`M&1D0$6CCHN]E'`RA:
M&A<\,!$52,&C&H+^SR\>$,Q:=()SJ8A/C?G60B[0H(6T]6,+.@%'`WG:%Y>6
M<B<BX#$O^V(&D5Y"`GI1:[X1909%R`(&.DV4$!AA*1.10CF2P(`,94"D%)S:
MQ7QA/T0(&P:6@0<'2,.!B;"`-+U6]3`N,,%VMX`&FCA!$_ST"P:PP\@&`C;H
MI/%GA5X@.9G-1`V<^B$8D``A(<B!-F90"/()X<*%0)$"(GT%@]B`OT+HY"2>
M,*$\*^$!DP#"A-,JA(4+LS`S>`$BC"U2)!A@`Q)8>/H0`0.;A4`!V*!'BR#>
MZ@95X`I6>/8DKJ"`B8`@I8=`;<E/WC]?L,[?M8B/#/"GB1K`2UH8=!7^NW9J
MKD.D@!ZWD"$ITGJ!71Q!`2#8``<4<(Y"*$VTN&A!!QA`;R%0P`4\WM#22!''
M2E/00*X+@=OA/H/.(8L2EK#"`SRP`1`@P`E(>(0YSCFZ"9)O!!+P`(07#F]$
M5"`#'/@``^+S`4NP+@85_Y^!B)P_S<^`"PK.$NL_M6OT62+T0,5`Z1/P@QQ4
M_!7;`T$20N&E$"@!^8`WD-2O((4+E.!MA[C]W"E\B2A$H0-%9D`'-/"!!*!%
M?^1#T@6<SSJ)FX<&%;"!CAQW_?-W@<AG%X@3`&#=+MS`J4OWQ1*D06Y/8$<8
M8`GD$P2?@WG=(S;F``)+H`*=]WG^TP4>``7^@P8ZB@=X5U`%&'`(-H!"'%`!
M$_9W%"0V3E).148+Z7,(-&`<(=`J+&`>;D("$!@!"U<R7(9X<@=0DG!])LAJ
M/]9M5,!@^8-^$W1[(4"#"S=G&00T3)@M2X@K/X`#2_`((-!"Y@`%#*8!NU`$
M&Q`%1W`$'@0#G9."EK!X.4"`IM!)6=`?VX1`9MAM&8<(;",$&P`%1X`$8NA4
M)O*&#U0!2X`$1O`/]D,+MP<VFE<((6`#3G`$2=`+\M<%%R`$XZ0$D;$TD#B&
M@*-[$CAX.-=H*E5BHM.'<Z-KNX=^0J`$2(`6*"8EVZ-\2O!703*!2I`$GP-X
M;CB'!+4%.U`!:%'^%YF8@BU$/C"`!,('"17`!*JX!'.#B,.0`46(<X40;E)P
M`C'X"6DW-DN#/E=8"@QV0HS0!5```E+``3JB`5(``E#`!2T0!11P>=+X.1CV
M"]AH#A^P!"A``TY@!$D0,M57C#8#`PAG7U<@>#)P`E"@BKLP@N9S:*_P`PL'
M)AM0BJ-E!+\P`HMH!$AP&06C!$M``>>`</67""&`38B`8AHR='+X'M`(.BZG
MB(R(!!1#+A?D<UY'/;&";^=2!2G`@EU@`PIV".PQAV+C47QX"$@P(3Z1?]TS
M$8KT."W0.75Q`P:C"0:@!58008YC!1MP$(U1#B"R/1[P;49&"USP8A+^R#I9
M9`,UD7F(@`+@.`GN0X*((`/\]3]B0Y(29)*%0`'N\1<70PHX8&!5.5NJ-T$I
MH"XO]Y4C&6V9P`"+L039=FB!@XMSB0A!L$"(@)2(X!,523Y'X`)EAAG:4!>K
MQU]#(C\3E$7Q]3@>(%H*H!].,'2=>`,5L"FPPTQ<V5"(4`(GX'*7$P,J``.'
M(`0JH!_J=X'Y1I5/,&$YL`*`8P0NL%Y*L)AO]4`"@02?\PE3F0H[]BD!I%(,
MX#$MP&!YJ7^9>0@WP):I$(-9(`%:T`2+^4!1=@AR"2*1>1#6F5:Q-Y1T60@V
M\)ST\Q5-F%-V!C\H8)4(%%6Z@QLE(`&6\`/^&+`")X!K,]!5HN&+DV`#&\`"
M,*``=E0"*I`"`/(+*7`"*R`!"G"5#,8Z/W`!?(1K,&!9(:`,-$!`N(`!*9`"
M;/D#(.`"'F``G8`BZ?<U)>`!+3`"'L0Z5\`!),`")8!LEE`!S2@$J#`CF\B?
MV,<$$I`"*Y%ADV"B*T`!#("7NS=!3$H"*T"B+W`!,$"C76"C=K0T^M4":48/
MX,D^<51++!`"'C1L*=`"HN&9[%`!M8<0NX,"<D6D^+%!05D!9AJ-70`$`#("
M+>"DO[`!O.,"$0!.K!,""VH06/"'7:`#Y;4#`."GWO$`=H00!P".!FA.K3<)
M%_``);"IZE("'^#^`GT*#(6:"#`P<`^X&!BP`?\``QI@J783IBDJ4JSY(490
M@RX``MC(>`#%``9R(24``H#F01X@'B>@`+W`IF[Z`UI@J#>'<VWZ@-K`"L!0
M`A0`J=C'!=J*I*DZDU\Q+3@U*T*3D^="!>24"$606%-R`Q59"F6U33TP`U>P
M!)4IL$L0!1Y4!#1@`Y7Y5#B0`UK@,%MP+],V"5*`L(G`!#1``U[D`_109#DP
M`__0=#'0$_:*"$=P$%!P2P*+LAX+"S_`;(B@!+T@LV+E052@:)/@L4I@L4>@
M(1FC4CE``]^69#>``QIK#@J#LS:AL)E`"B.[B(RD#$8+4!3;2LOTL[[^4)%+
M0+)..PE)D(B6X`1>U`07PP58H+*+,;9/H`T>8`),DP.9,+9.$+0MPP.P=29A
M`P0SL$UCBQ\#*TQ^)$2]L)\+P0,`<P4\D+1_VP5^^PO3IK-N*+`>XW_S\G(S
M<`-1<04SX$5FFP,:H048*[6^8`7+]`E7^PE>>YFW]`D""TY9D`,W<`5)H"%F
M6[)=8+"@8+$;D[HJ!;"5<P.9@+-/D*JX"S\\,"TUJ2KL8CT"ZC/8J[TV60S;
M"PMC9)MTXC:@HC_J\VA?BBJ6,BLSLS71DB!0Z+UN$CWK\A4XN;VOH"/)TB&4
M(S[`<"7M.R56(RP#K"OJ@R2*0\`D5BOBXS3^A8,T27(D90,DJO/`+@(C6>`!
M',`!&+`8DB(H&I$H6'*7&+*_+.(C'Q`!(-R]P@(NI@,N8Y(C6Q,IGF(\B-(C
MR>(I(;P,IF(Z-04T\#L-.M6O\4O$16S$SO(FJKAX/4,%0-P%26"Q1RS%4_R^
M^-IUU3N@8`<_6X"V5!PL2_`\OR`PU9`%.P!GV[($9P(WUA#&#J)]E6,33NQ_
MS[.,7/!M6M#%O@+&%,+%"8+'V+L$B7DN\YM3]FM!#Z1@16"EU0"$.DPI)8"U
MH%(M%;0^S;/#BD`!L,LME$P%)Z`!X3$,2Y`!%5`!*:#"/(0`^MJ_,I*<5Y(%
M%%`!&`#*[NLXET+^!>6%`407=0TDQ]=U*MY#LISX"WS(RP?20$60MT`<)(=@
M`MCDQ(Z'`FK<+30I/7\2(>XBH*Q`!9K<OQ<2.P5,),R`!%&,*>K+)A4TR>0,
M#(^;P),"Q\(,/#A"R4M0+W@F5\``B*10`C4Q)*3`$9T@*3@B9':)R&F"!=*<
M()1\73H3>`)Q".R\(L*2!2K'P`KX"9A+#%>@<K-S*]?Y0$.KP*=38CHSSE6\
M+P0]R`2*Q=>BQ>>"QU10S/F0!4U@#E+@!"AB,0;2CD6`&Q:3-5>@!5#@AE>P
M!1;S(U+0L$<'"1'SQC%R&1%[(5"=(WL#4!#["U=`U4\5)$S0=\*DI)7^204W
M_;%+$#):X+?F$#9A'0P1NTU&4`%.$#)/G<8JU5%^&M99TPM*^PE(O4U8T+;/
M`=>)H)56'0S@.0P0#2)`P`(T@+Y>?1`B@L<A0P7_<'L:@MC`,--98R990-:,
MH;398P4'L07;E`67\0H-_0D-]->I3=-)1C&ES9E+4`6P4`04\`2X005-@"*?
M;;%8P`5&_0M%\-9H)0E9761-P&TVT00P73Q?1-@^<M9%%MG'C1M9L`$X8-J3
MD-M9LP4BDM25XP2M;1,Z&D3GPG6J+,D#>KWP`E+$&@*28#^550)3:@0\EP$1
MDP,7L`$:0(4&(`'T5IL;<`%R50(A<`&=I,_^(W`"$F!TN:'?%^`>NQ,"%5`$
M-^`![=>'NS,"#Z"$<`I%(7`0)?``NX,?4":6GQ`%7,8`*F<#R(H!;^8C,X`!
M&L!Y,JD)#*`!Z?05'*`!":`S4;`!&X#A!+CA%#T)+/#@=O0$%(``C_H)&S`"
M&A#DI.'6AM<%;R7@-5%9NJ,!((X(2"[@=@0%&4#FEL`#')`!/EX/6?`0&N`!
M,$LE.O"<-0P#5!D,(;!%LFJ20EY4<*H!+/#B$V$$:#ZM]&;9DB`I*;X!*XX(
M&[H"M+H+6B#C-"X!O4`*6<6S`!`QI:4%`I'+@@=0_S'C(:`10@!%6WAT7(E`
M:`'F%Z#D]^7DIK[^WY$^Z34^/C9#`@7&X!?R!+!N!,XF!!QP>IPYXA1N52K@
MWO#]"$)@XO\`Y$+>"1G0.SS]`*.<"2E@`!%@,$MS`_J-`6SIUBZP`0H0R8@`
M!?LMY?A@`PF`0@C=+=)K`-3K*OP*/^,QAR1'B`$03.1("SH0']$G-EE`"XYC
M!`^`&P<^@5%W"!\@$"D0'S/`8(Y7D0Q0$U+@$N%H\-5*\9B1"2DG9<$$=%T0
M.QS@0;_]"5<0&5P@`=8U`PAP"$B4FU\>`.;P"OQ.JO'1Q,S$8"2`:[WP`)WD
MFB!"`Q'_`!4Y!0K?!0_`8-:I!`!@(`5_\)T``(6A")(#\5_$`$Z`F`#^]4"'
MX*+U8`4D;P@VKE*H+@Q3L`(A,`O^>PX`B;X3Q`(+APX#H81OC0N<</+%7@'<
M?'2TL`42T#(M3_>2"@\L,/.)@`0?60L@D"<84-J>KLM)-O6`)3DV[^^>($-`
M[I-$7Y%I)04=0`L[$!\_4/B'?R4Y=PD"H0(>MX/R80`5671BLP':H`14/PGV
M3D'X_@@80!I%+?(]/PY.]6G_D`14Z8IYR```8VI(``"[@`0;5`$X,!"*GX#W
M2L@K;<@]PSI"V`J0(!`SX`%%P`/6R0+&\2&Z0`E"ZALB&#Z3L#WV0P'6Y<^/
MP'OR,Y&KIW-#`02["E0V\`.J``@V/!Q+78;^AX9%0AE"73`PAE0772&-AAA4
MAEM=,QY&/#D8AE@_.Y-+'X9<AA51AC&0FUT52EV;-B%=4:*(712U6ET@2DFI
ME#9=P4@760]87:L85QA)METV)$J,B*0YDUW,-QZ%O=!=&BSEO50V,0R6Y5`@
M5XZ0JXA2/RZYCY&B0KF"]3ND)4H6+3D>R%+'1=&V@9(HP<.$Z`(5+AZ>M.@"
M4!<O:59X17)V:)(-#T5X[!#994>*+CE4=)%0[5:N788ZI<Q1H0N)1M$R68OA
M0J*ACO>Z4.$5<5,()$XD%-DAA()00QJD1)K4L1,Y)QYZ8=!:I$(1'54S53($
M8LD)9)N24."8:Q/^14-&OFVZ4*2+"WOJ`@L>3%CP*AX&#O`HS)@QX@0<&DN>
MS/AN%*ZYI/"R(2%%B1`SC)KK@L'5VE6:C=YS:JGC!:V;.E:8<DGH6*-W^XW(
M@()$B!^S0I0X$:*6$`XAZ!T"HD'%B01&ZAF:,NDTZ:M=:'3V/8,+BA`J.DC@
M.&+T=4,P8E@CK765D/*IQ<*F1"R7Z"Y2-EC),!J#E0WMT=6%$B%HX$07WZW`
M04_G";%!<HBL$D,$DCFQ@2J'K!)"#510H0(*275A!0@EJ%!!+G\9DEI'`@%6
M#@A`+>3>!LXQ$-U`U!EE%W8L\+!$+BM@@0(D4_!RP157?.,/AA=P@8/^!+V!
M-AH5%X(0W6VQ9;99!)Z-((-JYQW2#XQ'E9?44DNN,DP3#/1&@@H+L6?(90)R
MM`$(7111ES6W&?%`"B2\&<Q:PK@%%'[_V'>>>W6Q)EV(E$5*&6(&+`:II(7Q
M4``"D6'JZ60?U-+%$G-U%%\.&R&B@DQ)W;:J-3R(0BB&(1!Q5"X7++:)"B_=
MY:M6:]T%2Q<J+(;(!TVH8X-,FV3AGR%KI;<5L3D8DH4$5FC24JJ&Z(#"DDY$
M$*>PZAVB@:7$?BN%!A%V\8`.AW`0!1+VO;H)#Q<:<&`75["[@:[$,MN%$23T
M<$(D_(5Y#:N'<!8G86BJ0X(&&G#P``(W:*O^0L8"2JN4*$N$98@)7P;6ECI9
M9*!<M)!\3*VUV&IK!`HY9%Q$$1<4(D7"_DW##0)/&.*S#NE`N@H+#AJ2`<`?
M(FH(JKVH4&T7UV8[%"1DUGE(Q!%3@@04BI;C@:A+]/3>:#:T8(5"B-Q&8+N$
MMO7"M_<FRN=5342P6@2%>/SIWX9UX8,!E0)>V&$%0&;XXNH`1$42!SP@($Z&
M;%"#%$;40D4"/5!1A"L7Y+"%%9Q3H40"?870UR%.K=Z1$`H@004/"F1B46V7
M`-M(!4+U`T4%0$0A!!0<78#$$T)<4<025,10KBT;()'/`$A(YW(4&S@1104!
M9!'A!C1(\?E[5(#^32$E'E"QQ)6]QX)7`K+SD$`F\2%2`09(6.%!+ATII0`/
M5$`"_+B0`!)H3P+J$4("DC"[!%PA"4N0`@^0%@(J/($$DF./$9K0O)(9X@D'
MD-T2K"8%&\3I!DJ(@A)`$(2G):L7J^C'0F#@`BHX@0(H:EG$2I"#*\P``-6Z
M1Q:*\`0J[,\06K"!U:"'A"C\8``WTN$DL*<][GF/("30CRU4D+"(]>P;J\A"
M`"KP!"A((#1;`-\4D$".0Y2%8T58X.QJQZ\(%"$8&[!!%#*GB^QMKWO:HF$7
M/K`Z/9GG"@_H"YH<]285KLX:`+&"$@P@N=<Y80K.$T;ZUA>F$J3`D8;^>!,]
M5+>%!``P":@3T(X0$8(/=.B(CV*<++M`*73-LEV:XI1Y;OFI50"!`A\`PD:4
M``DKR$1H*L!`!L@1A8E5H!!+B``-NO"$$6#``]5SA*@0$0.RE0L)'L#`"%S1
MA10H1P7GS!8,:H%.0_#`6-6\P#SPLJ"#S>`"%0@-(I3`@5RYH!;O-(0Q#;&$
M#&C@!RU0SB&,B0$,%((&%P@!$-*1$PQ4`!(JL%I`$8$$#F"`!.2\PC$1H8$?
M78`&JR"F-:(P@@MPH'KY88(R>W`(<'[4%3^X7PD,48,3!8&B*4CB!2[@P57(
M0`(;V$`%IMD%%EPH*3S0``8XL+HH(``[VM+^@;$.D043J4`'D-CH0`V1`@G(
MX`8^,,\)&CK-5?R``;W@YP5V\$]:&DND!#7H#UB@T!AN1$WZQ"NQL("%D8JH
M!3^@&'"0V=`V6LNAYK#I.)>32!$E4P-,("@&-#!1Y=QK,>LTA$I[`81$;N$E
MF^BF+69@42"4`P@5`($P!P0)&0RU7%R8@08N6D[E<$$&&+B`:ZGV46WJ@@07
MP*9H6T:L)584`]UQYU9YV4M:$LZ6U'5GXCJ5W>YZ][O@#:^D,$`;R5`A8;>\
ME-C@H8Y-]"!LXLV0(5K`W/C:ES#JO:]^]_O=6GX7<0BX$'\ED]\(&>UPDMI$
M@1$L7QB6X\"K6'#^NQ@B7_5*&$.[O-1MUE,.6:P"3:MXV"XG?*D"AT@+1PA,
MB)A'F0M/.#`+04(P8%C@AXD8<!Y^,7XQS&-S7.K&D@%R@]O+81T+><@/[O&.
M!]QB6AZ@<.!%C"Z93&`J6SE21]YO#J[8F"QP[,I@#C-C7"S>+(MYR6=>'*5H
M2N9/29F[:8ZSG.=,9\.UN<YXSK.>Y7R8Z_ZW"STPP)3KG`6:QE<+7-XS(K1@
M:$4[6C*%'K`2LEF8&.AS<3U(-).%H)7L7L',BQ,".1^=*3_?.5(`AG.:J;")
MB#ULP2&"%)"S9`U0(UD5;0YQD'LAA5;SPL9)IG"/(94%A5)AQMKJ18[^56Q@
M"LLHV(RY<9Q<K%X0XS?6,+XUL&78843TH`+L%;&9K3!CB@`[<,I&LX.M,:MT
M#YO(A[C"%:V3;0N7N-MK.;>.ZWR8)[.YOP90W*G%:X5.G==PLC#S%A2J9&A7
M]U,%7]*?3W"H]*'[EK8><\,3C+`F"WO7F12RHP;>"P]T^BY,WL0(V"NI$&V"
MXM;*^&3ND925SWS/_O7N*GJP*56'.0LVB,`.J#`-+O!@N(9P0@Y&?8@H="@'
MVV3>#HAGA7?20PODT$(MLD#.+/"@+ZNXPCNQRB^K"PT*5]!!BM51A!QDEE]/
MN,(.HC.JA#LV$3D@!]`?`,"0`!KI5..!);;^H+T=/.,03<B"$GJP"B3P(,8Z
MR*82*J""ZI6V!F]?PM+GY+E&+`$MY=!"*:ZR!*J48PE;$$)KX$&%'?S`>U$8
MM1,4NH5"_.`'LM!"X>D!!1W@GJ`-Z2$BF+!Y_(BO"'YOXQ7VM<\=K&X+0-"!
M[+&0!!XTW@=)T3S38SB#)#I6Z<0;$.7I'@4=`.$>NB\_/8P@?$2D_@$T*`0F
M4L)E*N1=':(?.N>C<'^":D$(/'!%LV<M0:,4//!ZT/)(^Z<#].`$AG<(4I!W
M2=$$4R=:%<`"*08%WK,$_Q>`!`$$.Q`%3O`PL_,#AW<%<3=WB-!V76!SBU8*
MY%1[6_`#Y]<%`TC^4#(77OT&90`W:&<V!1^@`,6!!17P`V5U,!S!`"<@`5]V
M"PS@`2F@`23`"LC!!$@@`2=P`A30".#C".G0$5F@`1OP`1?R'X&2`R$B!%BH
MA8V`!`K``BK``%.#"#I``B5@`,C@ABT0A\B@`LC0!3=@6%K``1[`10<C!2#`
M`,61!45XA)H@AB!0A@\0`I-E#<CE`AS0`C.``F28",.1`/;$`!A``Z>5`!ZP
M`UU`!`]0`DR8'0\P`H*``250`MOT"I]!/3"Q`798B[,``BVP`3.PAQIP,%>P
M`B>@`0E`>`(V#<BV-A]%`A00-&L3`LG!$X#2"J2!0V5E"46@A!2`##3^\``D
M,`-6,`G*U04GL%6KH`(:D`(>X'050`(I4`%_B%PPT`$M0`,H$(E'\0!+.(>K
M8`,,T`%1.(5)^(^<H`#0=0T5<(U4-XG)@0/^&`&4E@PJ8(J+@0%$(U5S(@$A
M@`$O$2(Q<(O5$XXN<`*QPPHAT`(<*1H=48S'J`#98AVW\``P$`(DD`,G0`(2
MD`E1$`'6=$Q%X(\24"TSH)#JL18>R9*\<`4D,`*?P0#8T54GL`$)D"UZF`)R
M:`LM0"+(6#TS1!P#4`M6T"8K(`$FT`4Z@(3@)&?^17*3TG-S%C%7<`#DP`%!
MLP'>,U;68`,#H!S_XB[(H`4/0'=^(B(7H(;^WM,17V4(+B`%-)`JR&8+A8D7
MDC-)WD,EDVD+JU`V78`$!K"7[/(V7J,M*6`FLX"*=&F7AD`(Q(**CE`(!L"+
M@U0>,V&0%1`=,Z8%/7D?Y-4%6,`!SV`%+S$#Y_,:2.1N.)`+V)@,O?``R)`%
M!E`M5A`!V2(+)0`)'9!9/$`W2`1$3Q,9TED+2_``0D$#HL``!HD$%+`%6K`!
MST`%Q7D^$0$U6:!%A^`$G6(73%66A>`!)+`*$K!3LU`]&K"7AG4-`W!X&T!3
M&Q`,'@(MGL<`5L-:_#*;HX(GM+5+=_$`4Y..73`.9,5PZ[&<G'`^1:"AT&D(
M)P`OA((4LG`"6'/^**M@G(;`BH8P`J'Q`>2`3FF$!5Q`!2L@H42ZHNB(BCE`
MH$Q@`(>G"3$*"480FDK!'TS`+EW`!`-0#8MF"#>0"U>`H5V`E^_I/2V0,7"9
M7:LP.#R(IK2T77-&.6@R*&QDDRG0`@_@7#&0#L$@&UIQ'+:P"1S0"$4``'37
M$11P`BL``_08HB40?FYT(5NP"1LP:0$A)^ZW!"U0`F93J12A'__1"V3DG#Z0
M"E#P#7%J%!5P`BJ@J"8T"<BF(98P`JN3;T\``RQ@GL)P*!A`/'X"`RA@IYS0
M,D)0`3>PF<E0!"T`H%T`!*%CK+<3)A0A=BZ03XX0&B0`>%10`9M@%U?^4([H
MH:?04`'3$#1RR@0V^:N2,P,Z)`I/<"%%8)#F<`)I!:$,$@PK4!190RA/8:XQ
M4*=W&DA#NJ<EX`3GZ@*X^AM>Z)R^T*V\,`,7Y1P,4A$GUSNAP0`NL*J5M6C(
M>D0IXC)A,BPOF@M<('8M0*U9<PC#T@695*U=P``MD`(P\`!+4)XPH`)VF@E9
M8W/",J-WTPM7T`,M<`&AP2*DD5N0X#WM=JS)"A^B$`PV9W/RXI:FUEU]ICAR
MQC6BL`H?D`1,0`$Z,`,ST&BII1ZTAIP=$:E&H0,`X#K,"0,V0`-Z9`L[0*P8
M<K9.H01O$Q3NYP$FH`,EJS6WD0)```0):F[^`A(?7;,6%V4#-C`#5.!W<&,)
M^MH(*.`!.6`#!SL1KF`$%;`#8(N*P[(*49`"%\!TE]$".Q`H*I("&W8(&W87
MS(`$^;0#&1`:]#*FB&!MI($DWR`M6Q`-_Y$)3L%&7@NVH+6NAO".,#"'K>.<
M4Y`PP3`L^6H)6[L$$O"U81LG_;"G)Q`5V,MX1N&[T8`DO$`#&[`#-#`#+&>I
MN1$:$7`#,T`#.="DNG`!J#L"_("\83(FK8$GPSH#M/LE)QM#+3,0,!`:'AJ_
M>5B\80NK1)H;D)!O"I,G^<0#M<L1>!(-1NN<[;8++<`#(U`>E&,4.0`#42`R
M9[:#T]5=;S:73)'^M5YS!3YG#4=I#BER&U*`JR+"`%>P"_RTF+D@J^UU`4M$
M!3I,!0R0!4<@LN<@%#5*42N"FA11!%D(=H?@`60K#)"`N**@<HU``@I(!5;:
M"R[H@B'`M2A,$=9!$4^@:C+P/(;0`P:Y"B205LNZ)X`VA:UB&[8APT^P"B_0
M,J"!A%P5`*OC!.QR<!PQ'HE`(0S0,EJ@`1VB:BL;,6E30;T``QIJ"%)Q"!+@
M6JJ3HY)K!#),9.%X")I8RO)E<VKH1A02,4%`R.K@*T(A`U^R`61'QX86!/Q0
M+EXD%,,R`HNER:11@/V0M#%0,K;\"NJ!RX@`!2AL#J%,"7UQ%S(`"1W^&P4*
M0`_WD`'[DB)G2QI:\*ZJ$`$IQ@5T;,=`D`N+U(*-(`4KB0QGZEUO2;5MZH-G
MQILQ8`5^Y\`PP`%`D`,KS!DN(`0K$`'!\*PE"P3#6A08L!@J,(4=438V\`,R
ML`5(8`-"0`,)NM!!4`$;$<XH]YD;\`-!P`$4(M)"\0`9A`A.P``:S0(2$`Q:
M$`$PP,^3X"A-@`$5W7W>&KE$2LU;H)&$>P#9H@*36CD#ZP@>$-#PT@]<(-!`
M<`+`P06;D`.5\`/B>`U'1]7F0<N&<`%:L(="L`,(\(<Y``"%D!3520*NQP!I
M53\?`",]\`#`<4T:30&I`@,>\`,W@(H0P0O^60``4Q@GO-D"0A`#4R`$#"!X
M("`R^CJKC?#//R#0\G4#`&`"12#3`M$!E6TLA+(_0E#7P%$_)&`"0&`#?1$G
M&U`"00/!@)8K//"'YI`#,/(#$9!#$@?;Y2EXBEA.*E#6>`@F$E+`+3,L/2#;
M?WB/GVT(2%T]P=(^(A("/J#54GH(JU+6!S!-*NT3ZKL!:HTA6!T$N'T372P:
M(P``F@9F:>IGX,5S`B=G(5,+M,T#0<,%[S$"E+8)!YP$'M!]AH`#7/:N-K<$
MD-P"7&=H4L`"4B(%@<("QOJN8&P(4+!5[>=&*ZEYU+15-W!%>SAB5,#@`+X*
M^ED+7V;?<Z("(3#^35ZF#CT0?CU0@"CN!';8!.VWJ@(5`L8B!+Y1#3=C"#Y`
MB8M%AQ]@`TJP&.\U`G:,"%OV-%?4X5LP`\$D!*LC!1(`*51B!;.X+RU^"#L0
M`B?P0KMZDPK(X\61)ZN3!4$4HHVV:#,P`B!UI2<P`O#B3C*^+RC.$4_)BS<#
M!!\`X$>QYW%\(*OPY6%N+5\6U2-@`F1G!3I^#5?TXZ-"'&W>+45^Y&AN+5/3
M?I(.!!Y@`TM`4UDP`R#P`T30%SO`?(E02*Q.4)\!'+$AZ,Z]$2AN`Y$.=EAP
MDU&0%6[>US_^!!SN/6-]QC'>"SL``D9.4UCP9<5N)R,69O7,IIIBM:3^EFVA
M^^S@-<_E\!35SMZ"\Q+KP!(N-M(;%WKX664#INW\I>ZR=`]",,;ECG%=T`)S
MF,+653CL3ABY-,-BEG`P)F*^*W+/EFS-I@J_JV+H_'$1,FWRU00/(AAHZVY`
MEO"HAB$1AF0R8M4,0?'*%FNYEB&K$;-,)W'8)E\'?QXBQO'M4@024%\P=/+O
MYG`P3V-&,_'8CB&S=FTP1G(:OQXJSW$U7_`4II\O*[,4IEX+,?/KEE]60`(5
MD._9E7/VW,+=+AA.H.K=[@0R0*)5SU];H-HCI@5T-QEW)"E%8`-0W_5J/QE*
M,`--OE]7$`-8+V8J'%Y4_VB?MO99D(.2X73^:__W@!_X@J_V:W;SBU.U_$YG
MJV!S`97VXK7XZ[MOT<81!T#;@]]R5N;XE[_Y2G]?FC]+?;:F+"QHB1]F29$4
M:\'0ZR9+`R_Y,H!5D)(#V92TDC\:-*<.V;/YNK_[O-_[XA7MU)5JC^8H;,IL
M#D?N0*TC'B<8R._[SO_\T!_]2<8#_F;XC`/?I4]E3A`"%2`!EF`A%!`#@7H-
MR,!2%;!4`H6:+!`=V?D`0K`%(:`#&.#^3\,",<L#5K"$W(("#_!2H63;@/!@
MTY6U82#(%5*!@=3EV'5R2-(5\L/R<-+%U>4D4:%RU=4"4Q'3)?1P,>.(Q+'8
M0VCX0/-8:WN+FZO^N\O;Z_L+'"P\3%QL?(R<K+S,W.QLS&-@P/-\N\E3D,"A
M6:WL]-3%\]!U]1`E"I#4!6/*D,.EA='2)87Q&"+4Q1#2M:4%0*M(A2Q=;`20
MPF7#`W`58,%0T07)!D</^$FAX(30A25=5-SH0B6CHRU=/,"BY,'?!FI:-A3I
M..C#`RV<-)SCL,1*`B1<I#``HI%CMZ%$BQH]BC2ITJ5,FS[B<6`:4FP(MCD%
M-L7*A2TY6/3KLB&?BQQ`)I*,\F"+%7LD\76I`*Z+E0HD*059M\)1#(CK5E6(
M$F5+B)<51,*`X0@#E2XS2"R^Y9;2#D="/A0TL47*DHDAJ$&RH>4*CQ;^I+D!
ML==%\=75K%N[?@T[MFQ>UZ11VS1T4X]L5F=3)J$H`6/$--V.W8&X+@8K5^QM
M<GOA,16VE/(==L0.^RH%&3!DP-CE@A3L,A(_UH%!A15;D2,+X4=#`0<,%494
M=T3BP08-#W*<R.=(/>8]4I=O!AZ(8((*+LB4#[9-50`"$QD8A09,.++5#?.0
MY(%8.?S@P2-41*#%6H^`D$]TCDQWCW6(=1'#BS"L@EHMJL'XXHV.S&`"@92\
M=-\I(`SWR',`DI`/;B.80E(1%R0V'H-23DEEE59.69M4N'5S382]S89$B%T$
M<8`6\:Q'`P!*=.%".W>5Q-<&/W2QA)KA2>?^W'W7K2,C8B?,T\4YJ3VV9P5K
M1D'39D52DH,C[O'3G#I7G!.9$JI1H<43#$#1A181>'8C8%>.2FJIIIZJ3):W
M&15-50B2@L$,&RRVQ`6?>/#2=4MP8"M?=*8B`P=&E"2=99N8\-(,@Q2TK`V#
M:,'"!13PY<%C--#2Q0\(Z-"#!!=PL%XM3C`PR0E`%I$)G1Y@,,%+)0!Y"@;R
MGA.$O!@LV\4'C\U0WI:H_@MPP`)3&8T!/AA5FZL(7A%*@5DT3%(,IO1S!1:V
MA/95QHYLR?'&BS[",$T:<^/(%32%C(L6!/F[96BAD/Q(B00YDH45,WL\<,XZ
M[\PS:]=$M6I15'W^B67)&PRR!6[^YKQT+07V#'744D^]3,&>L6J`-J3&,PG5
M7G\-=MABZ[*)@U(5I9N78Z_-=MMNO^V:U3!74YO6<-^-=]YZ[[V+JA`JS'?@
M@@].N-31'!`TEUWLYFK3A3\.>>22S_;SV5C;/7GFFF_.^5%R.^[,T)V/3GKI
MIO=2]H-HA\/;Z:Z_#OOFGQ/5)>"QWXY[[F[[#7HSK1*M>_#"#\^SW*NWJ@'Q
MRB_//*F57RUTZ\U/3WWUOA4,2^^ILFZ[]=Y_#S[MX:B.=??AGX]^^L3,GMOX
MYD_^M/KRSX]P.%%ESZK:L&L?-?_)*(TZYQ$C?O1SF_$N![S)%>%FLG'^@DB4
MH83'+,5_7Z,@,RP(#"X(A512:,0M!"6YY]6/<0E\W"9@4`)'%($%\JH`]'JQ
M!8MU@034(*`PVC*9951@@T]8!`4H@`$)F$(**JC`!=1SBRPLH@(AF%D+)$"?
M#8BL%BMLX62R(`/ZC"`C),D!`U[VE18@`!P]>("\YA0%?CQ""5#$0`2.<(0(
M!'$1#RC"#"*0@0IL@`M7B("M.+`FT&G`*U^Q005J88/)I,",%\#6+7*P+@E0
MXP2WV<(/3F!$#!RI:XY0P1+B<8$@KL(*WJJ`!P+YOY<)A$&;*(*81K(.B"QM
M!AZ<'/L4%PW,9<X)*82$`HP0FBAPQ(9-:X'^2(``QF`TK1#A^@4`-;8$RQ1I
M,2Z8QV*,P(`=9"$+.<#`%%=4@2MPX0=JQ(`3:I;,39R``<"<5!.L\``88$H@
M(N&``FK9A2<@0`)Z\<H3'G`%&ZB1)#"8!W.VH)9\S6DQ&/CD%=`D@2UDH0D5
M`%`M-M$"#4C3$1Q@0",VH9@M'``)H3E!+VMQA`TL(0M4X`@&!(4!"CP!"UE8
M0CZN(`$)A(L*3Q)"B)@3"AI$M*85@-?',&A,[+A`8\\DVS$P:(LEH/(>1X!9
M*Q$#U=UUP6PO'(KH-O<!CM"@1K:@PA/JP@6"4$%069#"!9`@PT[1Y`G-O)D6
MZI(%)TA0+D[8`HO^<J&%*$!!9"H#2916E)$B\&-I%,#7!JJ*FQDM*@?29%$5
M'M!,6]B`K(XXP;(V`81);,$#&ZA!+3:@`JM(8%DPR($-DN.H?CDM`6L""69K
M,8JO&"%YMRC'$BCP&"YP@`9\X0(&KD"%0S[")8L:3"VJ$('UC"!=MH""!USP
MD4#98P:+#:,I-F&$"945"EL*Q17.:@N6,B(4&%@@"$$RTR1R(0KA$BQ-)/H(
MFW4*"H)*:Q:>L`DJ0.$Q6N!OT[;`WV02@JZ#Z@=_\[N*S-V2;HM36U:U>DE'
M5$`=3WO""$*``0YPZ@@5:`$(*M`H5"B@`K2(`%<PP`)7#*L+&7A,C.+^M0$%
M+*N;&`#!"_)"0"V$()0AH(D12JR(=X@"`Q<X00JR:POQ.*('*(#9>[AQPO*(
M(A-"X"TN*O#11RSAE0%^4A$XH-BO\``$-GC!@-B4A`T,"S<[O`5/N5&$#-CB
M`3H@F8Z6.P@4.<((&"@$38I@F1DH-V)8?40.!BHDD$1`P1%+@1/4&(.E>J!1
M6WI`#4&ZUR<`!P,;B-(&2'"""X0`K:=X0`(J0*,6)-D1+*#C83M[XD&`&(JG
ML$^G'M`$*F1`(2G4"@DJ`(4<;*`"0XK"!HAMBRB<0"&31$P1,*"!#<S`/E#8
MSP-ZA!\%$XYW"-P<3B(RI%LTUA$TF(0-$L#^D2P<]Q1=$\)$1E`!6DTD"?Q,
MC!"X(`&.>`H*3&``K0;0*%QLH0FT'D0-$G`A+-C#D([@`0`XXJ\FE&E'<]I2
M$2:QI0K`V@2..44$9N`16R"!'T\3PG<?(86)7/()%'`$/*]0@E4L80!+H`()
M:JZB1U0@!3!@P12^DH,(/$(($D#YLH*.(0F"-Z*4`$JVAL2!CY"S"RQ@$G8:
M[>B`.R*T!0'4%@H:@\6TP!02:$0+5@&"$.Q%*/FVT5XKT*P47@$!,R")"O#U
M&T<X`0"-4F(7(%GQ/#E"`NGZ$ZTSL1S&;",#M]E`#Z`0@$;,P"M\[((&/+.!
M1M5E`QDQTUN>H`7^=H*$7*D!?<+_#+F"'<QS^IO<%5*PB2L_C0<I^,J=V?R5
MEP:)!;UO^XIZRO*W;$'62=@!$AA!@C!CX-:W$,+'3>$!I-'X"1QXV5\71800
M<&$3L[(%#"R:&!?HH`)+G6$)<`"#%UYY420P:CC@/H@*C.?M;QD/$@SP;#"P
M!4B@7(-6`3LP`S.P'A&S5#1!`B1P`S%`#4Y2"T]`(GLV)X>G1B%`"\IV'V`&
M2QN00XN"!`\P)R%P%WNB!1'(<UU``<-R`GD1'5JP6C4``QQ!@8_P!!)P7^&0
M"23!(JNT"1*C,9&Q2HZ0`5$@24(0!#Q`5B,2"DU01S\@!##`#]'!!1K^8$F&
MP@-'$`([L`.^M@0D(!(\P(775PN'(3(6*`K/T@4@@`1"P(5&0`(1%@+B-C@B
M=&'*Q#JZ%#GSYP0041=MD0\D`04<L`42("A(D&X?`"0A@`1*R`TV,`\VX!E+
MP$\7X`$/&`(EH`03L0E;0`(]N"@VP`$I0`(',"P1("A'4`(K]Q5/0%VU0`+V
M`5*'M0D<$!>.P$9"-QX?@'[B(H@>XQ:AV`4E,"<=D`\CH`28*!?1=8Q@MW4(
ME2W=50NK]17`6`O32!+<-5D`4$TP$'>.\A):P`$\U0AUMPE6,&G6D$_)TR'9
ML@IU\5>J\00A,"):X%:V``0LUXU=8R2/4"'^T?@5'/!`;0$D)M!^4/`"2L``
M)1`")``"$:9"_68#F#`")/`!<T(7-I`7BO"`&@D%)-!H5.`!*30"%Q"2(3!5
M)O<25Z8BZF0%F/2`(P"'75`$X&9+Y-,^7S4Y0C`DF]`!&^0H2=(1.K`%3Y)[
M%C$A`!<%1I!\,+!4@L9U(5)W(E(C.V"-M<`$'+`)7!!.S<$-0G`"2Y!\*J!E
M/N(6)($"T`,#L]@%.J!&AH8%$L!`B^(!1%D0A$09$]%'ZW$8SC5_8=$/;8$#
M'C,"@/<(4B87=@E+(0!E/D&44-`?"4B)";`%8ND(;[<-UU8+(=![N<`$'N`I
MZY$%$0`.)$$#-:?^>S-DA5T@`RGTE93P$9L@F<1HE'_WAH788"+B91H`)&2Y
M!.EF"YN@:%]W"RI`68M1C(_`9S!3`4SP'[S0BRV0"5?I!(<4&;@U"'NX-JEC
M.4)C`.]3.%9`"R2!"CT@!5&@!%L@AU%`!3`P#J;X%21@37^Q!5%P2/;Y%14P
M)P6E!4(P`$!!"DP@!4#`$1_@`@$Z`/F@!3:064XP*_J9/#2P#21!`DLE`3V0
M!38P`-1'"`\P'IL`!13``P*F`A(`1FT1`U<@!1*`&-FY5E!PEZW6`VNE!.P5
M`U(@!3/``!SA!'J&DPS0?B'`#U2@`._%`3QP7HOA`3Q@!4\@0;WH"#W^5`50
M\`2A\*16(`4_D`"P0!(D`0+MYXL"L@E*D``RYP'_U02D=C$V$&Q,L!/)]0@S
M(`%&(`57L`&FT`.30!,[8``0P0(MD`4#M@E;VJ4)<#6Y]Q=7``-*EP7FP(M*
M5PO)A2A60`%),T-+10$M(`5.P`/?Q`(O(@4/L`-2H`2><0,&D%VH4`144`3Y
M4'=+8`2PN@%78`1U!*OH)P1/(`5OV04<8!TA@`5,H`#SX*J[2@\8X)T&]"#-
MZ@L)XV630P(W$P4TX`&PEGC9MQ@Y,((A(!0G0`%6X%-P9G,>8#%:4$0ZT`)K
M<G9&5*T@L6P[P`*-X`/]YC$Q\``J@!R'UV?^CL(124`!EI<"F65S<$D%)R`O
M2F8+,T`!&H`!GB$$$9!M%&"4M7"M'D`!$98%,"`O,*`%U_"O6>`!+],"C6`%
MH>D(+7$!RY8)RZ8!%?"#$;%4Z$FQ&F"Q8%$!&M!D,R9FM\H-'!*KG,91?79'
M&X`!F_9-G6(">L1</4"F=`)B/78.,%!+2L01)"`!2.L!X[=L&]"S<Q,.I&8#
MBS&3CC8/_H))+05RHK`F3C`?!V@+GO@(UR8O,_8#%'`S.[`(W><$7;,KJL9P
M7<"W2?M>8X4!,,`%6Y`!7#0"33<#)[%^I'8.+&!_)C0^X4D4V."'D0.G2>&=
M&+"+SF0JT%I`__/^##;@*Q)F`(@CMLY0-R54.'%X4<5)NM'JCF*+&U1054X5
M0,+0.TWU,;@`.J8[O+B;"\:+,Z][O,&+O%:5O,N+NL][O,N[-!U#O+"4O;8[
MDGL5.>0FGN1YNN-+OL:@O&LC>_7CD^7+ONTK/'IH%+NA->?KOO5KOWIS0#TI
M/??+O_V[.>#95=VPOOY+P`5,.!/V#`DCNP;,P`T\-G[C.>.YP`Y,P15L.*V;
M.!262Q-LP1WLP?\B0A$LOA],PB5,*@@,N]S#P2;,PBUL(`",%/*[PBY,PS7<
M&BC<#%TROS;,PSW<&N"[N;7GPT-,Q$J1OXHCPT6LQ$N,2T#S-^+%Q%'^+,7'
M@#W,&SH2/,59K,6D>\04U@-8O,5A+,:W@,,7I,)CC,9A7#GX(YX[G,9O+,5=
MG,`5-L)P;,<T',+E,\-WS,<D7,:^(\1]+,@M#,/'L[^#C,@L_,?;,\")[,@5
M#,1>!<:/3,D6G+[',\F5K,D%#+_14\>;#,KL*\?5L,%6',JG7$"%+#XDA,JM
M7+^+C+JE[,JS?+H0G#^?3,NY;#V'D\%SS,JZ#,SG$\D"G#5[',S''#R7?,O&
MC,S-_#J=C$N'[,S33#RCG,-G3+_4K,V!H\K1T[G;#,ZO`\O(4#M0',[G7#JV
M'+[,C,[M/#B\;,K,\#ON3,^C`Q6:Z\697,_^^XRYX_Q49\S/`0TY7#45Q1S/
M`HW0;#/,*?S+">W0^/NL>OS0$PTWZAS$N$S1&1TU]QS`*<RY[*S1(0W"F<O&
MN&30(HW27F/-5XS1*>W2I;+0U]S(+TW3`7//)>U5K9/--<W3/I.Y'7W-/A#(
M/4W4)\R3BK,#!/#-1<W4K#0^KKO3N/`$#7``(-W45WW#TC![1I$%#G``>GO0
M6"W6K$$3,!`5DQ'5N/`!"'``$S/6;^T;3-``"J``&9'6M9L#`D#5+6`SV^37
M?PW85P#8@TW8?RW8A3W8AXW8@;W8C;U-BNW8A0W9BSW9E!W9C5W9EXW9FLW9
MF<W9DOW9C'W9G@W^VJ%MV*9]VI%-VHF-VJG=VJ7]VH2]VJT]VYL]VIT=V[5=
MV%2P`Q"@`%6M%%J0`7I]``X``<>-W,FMW,O-W,WMW,\-W=$MW=--W=5MW=>-
MW=FMW=O-W=WMW=\-WN$MWN--WN5MWN=MW@Y@`+^M`*-[%%>``@I0``10`-)@
M`/5MW_A]W])0W_K=W_:]W_R=W_J]WP5`X/U]X/>=X`F>WP'NX/XMX!#.X`\.
MX`L^X!6NX!ANX!INX0+NX?]=X1!.X0W^X10^X2(^XB!^X27NX2V.WRJNXB.>
MX0V^X32^X!W>X@5.XBENXACNXCX>X2L>X3?.X1J^XR_NX/PMXBC.XQ+^#N0H
MON1)/N,!SN11[N1'+N0%3N0V;N0[KN,_7N(X'N4*T`'OA12;`*H\\`$<X`$=
MX.9NWN8<`.=PSN9O7N=OW@%RW@%MWN9[WN=[#N=]_N<>,.B!/N=S'N>%[N=N
MKN=Q?N@><.=Y_N>,/N>-#NB1+N>#'NF"+NAO3NB>;NB`_NAY_NB8CNBDWNEX
M[NBB#NE_'NF4#NBIONJ";NJQCNJ'#NJ6ON>8/NFD;NN+_NBI#NRL+NQ\+NF@
M#NR6KNNM;N>]KNRG;NJ:KNB?+NK#SNFXWNG+7NO&GNFX7NFE[NK.?NJL[NNT
M[NK03NZJ7NYT'NYXON[7'NS8/NW%?NGS#NN_L\[NR$[MENX!&B`#/O!`<"WP
M;7/7SB2\UUN[":_P+#.\V`N]UFN[#5^]#*_P$U_QT@OQ&?_P#X_PU:N[TMOQ
M&-\T#A_RK]OQ%-^\$;_P*Z_Q)&_Q$B_R%S_R*F_RN;OQ+I_Q)3_S"8_R($_S
M+4_S.W]4,D_T*H_R.'_S+P_T%7_T$E_P`P_U42_U4T_U56_U5X_U6:_U6\_U
H7>_U7P_V82_V8T_V96_V9X_V::_V:\_V;>_V;P_W<2_W<Y\Y@0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g193245bci001.jpg
<DESCRIPTION>G193245BCI001.JPG
<TEXT>
begin 644 g193245bci001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"`!;`M`#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`KSCXN37"-H4-O=3V_GW#(S0R%3@[1V//6O1Z\S^,3.
MCZ`\2;Y%N7*)_>/R8'YUK1^-&=7X&7/^%6/_`-#9J_\`W\/^-.USQ*OPUTC3
M-+5I-5G<L6>>0A_+SDDGGG)P/I4VF>)O&UYJ=O;W?A1+2W=P)9WD.(U[GKZ5
M@:?ID?Q'\6Z]J-QS8V\)M+1CT#<A6'TY;_@0K17;]_9&;LO@W/0]2UI+7PQ<
M:W:!9T2U-Q&"<!QMR.:X>R^(WBS4K5;JR\'-<0/G;)&[%3@X/.*I^'=5F/P[
M\1>';[*WFDP2IL;KLP?Y'(^A%)X(^(V@^'O"UMIM]]J\^)G+>7%N'+$CG/O0
MJ=D]+Z@ZEVM;'<>&-=U74[.[N-=T@Z/Y##;YC$!EQDMDXX%<_=?$Z>^OGL_"
MNASZL8S\TW(3Z@`=/<XJE\0?%T.K>`;:;2FE6'4KDPL77:2JYR/Q(%=UX<T2
MU\/Z';6%JBJ$0&1@.9'(Y8_4U#48KF:^15W)\J9QS?$7Q!I/[SQ!X0N(+?\`
MBF@)(7\^/U%:?C#QQ<^'ETHV&GK>'4@2BNY4_P`.T<`\G=2ZI\3O#FEZC<Z;
M=K=F6W<QR!8<J3^?-<U\2M2M9)O">J1AEM2_G@;<$)E&Z>N.U5&*<E>-B92:
MB[2-1?B7J.EW,2^)O#-QIL$S;1.I+`?@1S^!S6GXU\:W'AD:;]@L8[_^T"P3
M,A&?NXQ@<YW5R?C'QG:>.-/A\/>'K*YNKFXF5MSIMV[?3^I[#-.^(T0T2W\'
MQ7#EQ8X$C+SG9Y><?E5*"NKJWD)S:3LS4/CCQOC_`)$6;\W_`,*[ZREEGL8)
MIXC#+)$K/&?X&(R1^!KCX/BWX9N+B.!!>[Y7"+F#C).!WKMZQFK?9L:P=^MS
MRKQ'8W.N_%HZ,-4O+.&2V5LP2D8(0GIG%'B'PIKO@W37UW2?$]]/]F(,L4[$
M@J2!TS@\GH14?B&^O].^,GVG3=/.H7*VH"VZMM+`H<G/M3/%NN>+=7TW[+J?
MAZYTO22P-U)`GG/M!SZ@`<?_`%ZZ%S>[VL8.WO=ST+1?$$>H>$;?7KD"%&MS
M+-Z+MSNQ[9!K+\#>.4\8"\22V6UGMV!6,/NW1GH?KGK^%<OXGUW39O`ND^'O
M"TIE7466W1?XU52,AAV)8C/XTW4M,3X;^+=$U2V!&GSQ+:W9'0M@!F/UX;_@
M)K-4TT^[V+<VFNRW.O?Q;,OQ$3PO]CC\IH?,\_>=WW2V,8]JG\8>,+3PG8*[
M+]HO9N+>V!Y<^I]!_P#JKA/$^N1^'_BT^K/$TZPV.51/XB8R!SV&3UK4\`Z(
MWB*];QIKEQ'>7,CD6\*G*P8]1V([#MUZFAPBDI/:PU-MN*W'ZC\0O$FFWMC8
M2^'(7O;V`3+;1S,77).%/'7`S[4]?&_C5G4'P-,`2`3E^/TK.\=:G;Z-\4]&
MU&[W^1;VP9]BY.,N.!^-=)I7Q.\/:QJEOIUJ+OS[A]B;X<#.,\G/M3<?=341
M)ZM.1FZA\0=<3Q/?Z+I7AU=0:S;DI(=Q7CDC'')K2\-^/TU?5SHNJ:;-I6I`
M$K%*<A^^!D`@XY]ZY"W\2Z=X7^*GB"\U)I1%)F-?+3<<_*?Z5:L+N7Q[\2[+
M6M.LY(=.TQ0'GD`!;&2`?<ENGI3<%;;IN)3=]^NQZK1117*=(4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`<5X<U[4Y[(WUT^HWKF-CY36T<,&=V,K(0!@#U/K5^7QSIZ
M6=O<+!*YEB>9X]\:F-$8JW)8!CD'`7.<5H?\(Y9C0X=(62<00.KH^X;LJVX9
MXP>>Q&*KIX1LXEB\B\O898O,`F1UW%7;>RG*XQN)(XR/6M;P;,DII$,_C*WB
MN)%CLIY;>-)6^T!E`8QQ[V`!.>A':EN/&,5K%$9M.N(Y)P9(HY)(T+Q@*2^2
MV/X@,=<]JH#0=2FUV\,UL!!?"2"XF(0X@V%5,;9W[SA<@C&<^U;U[H-O>?97
M$\]O-:(4CFA8;MI`!!R""#@=NU#Y%8%SLS)M=GEN&N+2>3[,8X)8U,&8]CC)
M+MC*\>]7XO[0O+B]:'4#$(9RD:&)67&U3SQGOZU(^A0R%\W=T%DC6.51(,2!
M1CDXSR.O-.;18S),5N[J..9MSQ(X53P!Z9'`'>N3EE=D<L[Z_F0OKZQ:59W7
MV62:XO'$45O$1EWP2>20``%)R>PJ&Y\4"VW@Z7=N;:%9KP*4/V93GKS\QP"<
M+GBK-QX?MKA`HN+F(QR+);M&X!MB%V_)QP",Y!SG)J&X\+VUT29+V]S+$(;D
MK*%^U(,X#X'N1E<<'%=$;)*YI[]B&3Q:BW+11:;<S1_:?LJ2HR;7E*!U`RV<
M$'J>!6KI6I)JNGI=I$\669'CDQN1E8JP..."#58>'K(.&!E&+T7H`88#A`@'
M3[N!TJWI^GPZ;;-!`7*-+)*=YR<NQ8_J33?+;0:YKZEJBBBH+"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`KS;XN?\?7AO\`Z_#_
M`#2O2:R]9\.:7K[VK:C;F4VC[XL.5VGCT//05=.2C*[(G%RC9&1\1]>_L+PE
M<>4V+F\_T>''7YNI_`9_'%9MA\/YG\$:=I*ZG/IL@;[3<F`?,\C#H3D<#I^%
M=1JOAO2];N[2YU&W,[V;;H07(53D'.`<'H.M:M-3M%)"Y+R;9X?XL\-WG@*X
M6ZAO9;Z#4[>6VFDE&#EAT/7/8C_=KK_AQJ&AP>"K..^N[".<-)N6:1`P^<XS
MGFNRUG1-/U^P-CJ4'G0%@^W<001T((KG_P#A5OA#_H&-_P!_W_QK1U8RC:6Y
MG[-QE>.Q7\<Z3:^+?"<D6AS6]S<64@F1+=U;/!RO'0D$X]Q2>#OB)I>I:=#:
M:I=)8ZC"HCD6<[`Y'&03Q]0>14']N>"_AQJ-SI<%M=02R!'EV*T@/!QR3[UD
M:IXF^&7B&Z\S4+*=)G/S3B%D)^I4\_K34;JUG8&[.]U<T/BAJVAS^$Y[>VO;
M*6\DD1@L3JSD!N3Q6+XH`:R\``@$%8@0>0?]776:%X&\"W%O'?Z;9PWT3?=D
M>5I%S[@G&?8BI)IO"7B;Q.FBR1,]]HQWQ*,HBD%<A<'!Q@<>U$9*.BOH#BWJ
M[:E/Q]X-6:T&NZ#$+75;']X#`-IE4<G@?Q#J/7I7)>)/$\'B>U\*7[M&DT5T
M4NT)X1@4R?H1S7IOB#Q=I/AB:TCU-Y4^UDA&5-RKC&2?0<BL^3X<>$+Z1KL:
M>&\\^9NCF8*<\Y&#C'/:E"=DG+Y#G"[?*:G]K>&`<C4-*!'?SH_\:U8I8YHE
MEB=9(W`964Y#`]"#7!ZYX'\">'M*EU*^TR7R(BH;RY78\G`XS[UM'Q1H>@Z7
MH<2I.EMJ$:1V2JFXA<*`&YXX85FXI_#<M2:^(Y>\NK>S^.:3W4\<$0M,%Y'"
MJ/W9[FNQU'QCX;L+1YKC5K210I_=QRK(S^P`ZUR7C6Y\`Q>))4\065W+?>6F
MYH]VW;CCHPK'L)OA7=7T-K#I=X9;AUB3?OQN8X'\7O6O*I)-I[&?,XMI-%?X
M5:(NJ^*+K6/*$=O9;FB4C(61\[1^`S^E;FL?">YNK2YF/B.\O)\-*D4R_*[\
MG'7C/3\:Z31;OPYX>UP^$-,MY8;A@9R,%E.5SDL3Z"NII3JRYKH<*4>6S/#O
M`M[)K7C_`$];^,.4LGM9%<9WA8R.1].#6]JND:G\--6?7-"1KC1)F'VJT+']
MW_\`6]&[=#Q4UQXA^'?ASQ3+?V\,\NH+(_F2VP9D5FR&ZD#UZ5W.C:YI?BC2
MVN;"07%NQ,<BNF,''*D'V/ZU4YN][:$PBK6OJ>;:GKVE:U\2_#NJQ7$7V-K<
M>892`(SE\JV>A%>BKK'AI&#)J.EJPZ$31@C]:RG^%_A!W9O[+(W'.%F<`?AF
MF_\`"K/"'_0,;_O^_P#C42E3=MRHQFK[&#X;MX+KXO>)([B&.9#&?ED0,.J>
MM0ZY92_#7Q5!KNF(PT6]?R[JW7[L9]A^H^A'2N_L_#FEV&LW.L6UN4O+I=LL
MF\G<..V<#H*LZGIEGK&GRV%_")K>88="<>_7L:7M%?R'[/3S)K>XAN[>.XMY
M%DBE4.CJ>&!Y!J6J6D:3::)IZ6%@CI;QDE$9RVW/.`3VJ[63M?0U7F%%%%(8
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`&3XCOKBPL();9PCO>6
M\1)4'*M(JL.?8FJ^MZAJ<&KP6FG%&>6QN9$B<##RKLV9/8?,?SK4U'3[?5+&
M2SNE+128^ZQ5E(.001T((!!]JH0>&K>-YI9KZ^NIY(3")YIOGB0\D(5`"G(!
MSC/`JTUU(:?0R%\1O8^'+VZEU5IKQ72%8[R!8'MYGX`<#`VY.[/H#R:U_"^K
MG6-&622>*>YMW:WN)(2"C.IP6&.,,,,/K3(/"EE'?)>W%Q=7LZ-NW7+JP;Y2
MJY``'RAFQ_O$U?MM*MK/4+B\MP8VN519(UP$)7.&QZX./P%.3C;045*^I%9:
ME<76IW5G)8M"MMC,I?(?/3`QZ<U'I=[<7.LZS;2ONBM9XTA&`-H,2L?KR36K
M63>^'8+N]ENXKV]LI9U"S_990@E`X&<@\@<9&#6<%96;':2ZW.7C\9:E;P:6
MTSI+)?638,BA(EF,H57=@/E4`GZ\#J:[:VCN;;3U2:8WERB?-(P">8WT`P!5
M-/#FF1O'B`&**S-F(&YC,9()!!ZGY15K3=/33+);2.>:6*/(C\YMS*O9<]2!
MT&<GWJY.+6@HJ2W(M(U&;4[0W$MFUJ-Y559LDXX)Z>M9.F/K6OV2ZK#JXL8I
MF8P6R6Z.JH"0-Y/))QS@C'2NEK%;PO;K+(;74-0LH97+O;VTX6,L3DD<$KD]
M=I%3#16>X[.ROJ5(O$SV^L:O:74%[<+;SJL)MK-I`BF-3@E1UR2>:Q!XGUJ3
M1?/2[59VTF&X5FB7`E:8H6(QZ8XKMK338+.XO)XF<M>R"23<<@$*%X_!166O
M@[35M1;"2YV"U2USO&=B/O';KG]*T4H=B7&7<KGQ'<RO8VK*+6^34$M[Z#&?
ME*.05)_A;:"#^'7-0_\`"6X\:_8/M=M]A\S[%Y6\>;]HV[MV.NW^#ZUMW^@V
M.HZG9:E,C+=63%HI$.,C!&&]1SGZU#_PC&F_V.=-V-M//GY'G;]V[?NQ][=S
MFE>([2-BBBBLS0****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`\TFC27X[JD
MB*ZFSZ,,C_5FN]NM&TN]A:&YTZUEC88*O$I_I7"-_P`EZ3_KS_\`:9KTAF5%
M+,0J@9))P!6M1_#Z&4$M?4\BOIS\*_%\ZV9=]+U"V:2.`G.V09V_DV.?0^U8
M\&FZCX9T[1?'3/))+/=,]RI_N,>/^^AN_,5?\7747CWXAV&DZ=()+:']TTR<
M@C.Z1A[`#'X5TWBC0/&FK"YTNQ;38M%95CA@?[P50,'.W@Y'X5T7M:^[W,+7
MO;9;&=\4%M]:U'PJB2$V]\[`.G7:YCY'X&I/#&M7O@?7/^$2\0R9LW;_`$&[
M;[H!/`S_`'3^A]JXZVU*XDOO#>B7J,MSH^I&(Y_NF1,#\""/IBO8_%GA:S\5
MZ0UG<`),F6@FQS&W^![BIE:*4);%1O)N4=S+^*G_`"(-[_OQ?^ABN3\4?\@G
MX??]L_Y15EZOXCU"V\(:CX.\0JZZA:M&+>0\^8@8'&>_'(/<>XK4\4?\@GX?
M?]L_Y14X1<;+S?Y"E)2;?I^9;U.YLK3XW+-J$L,5N+0!FF("@^6<=:[FRU7P
MU>W2065WITUP>52)D+<<\`5P6LZ39:W\:A8:A#YUN]J"R;B,D(2.17:Z5X%\
M.:+J$=_I^G^3<1@A7\USC(P>"?2LY\ME?>QI#FN[;7.6/_)>1_UZ?^TZ]!U"
M*6?3KF&!MLTD+K&WHQ!`/YUY\?\`DO(_Z]/_`&G7HL\T=O!)/*VV.-2[MZ`#
M)-14^SZ(J'7U/+?AKK&BZ/!/X>UFWCL=3$S!VN$`\WT4L>A'H>#VZUZ5IVE6
M&E"86%LEND\GFNL8PI8@`D#H.@Z5C>(/"6A>-+%9W"&1TS!>P8W8[<_Q#V-8
MOPJU&^DM-3T>\G^T#2[@112YSE3N&`?3*Y'UJIVDG)?,4?=:B_D=_1116!L%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`'$^(OAT^N^(GUJ'7)["5HU0"&/D8&/O;@>:HGX42W'R7
M_BO4KF#/S1G(S^;'^5>B45HJLTK7,W3BW>QR'A+X>67A35;F_BNGN6E39$KH
M!Y2YR1G/)Z<^U=?114RDY.[+C%15D<7JWPWM=2\71^(8[YK9EECE>$1`AV4C
MG.>,X%=I110Y-VN)12V.9\8^"+'Q?!$99#;74)PEPB[CM[J1W'\JAU/P(FI6
MN@0'4'C_`+$VX(B!\[&WKSQ]S]:ZRBFIR6EQ.$7K8XGQ'\.FUWQ$^M0ZY/82
MM&J`11\C`Q][<#S5:V^&FHV]U#.WC'49!'(KE&W8;!S@_/7?T4_:RM:XO9QO
M<XGQ%\.GUWQ$^M0ZY/82NBH!#'R,#'WMP/-4?^%6W[?++XRU*2,\,AW88=Q]
M^O1**%5FE:X.G%N]CSMOA9=6N^WTGQ5?V5E(3NM^2`/3A@#^5=7X8\,6/A72
M_L-EN<LV^65_O2-ZG_"MFBE*I*2LV-0BG=!1114%A1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!16;_;MEZR?]\4?V[9>LG_?%`&E16;_;MEZR?]\4?V]9
M>LG_`'Q0!I44R&5)XEEC;<K#(--N+B.VA,LK84?K0!+16;_;MEZR?]\4?V[9
M>LG_`'Q0!I45F_V[9>LG_?%']NV7K)_WQ0!I45F_V[9>LG_?%']NV7K)_P!\
M4`:5%9O]NV7K)_WQ1_;MEZR?]\4`:5%9O]NV7K)_WQ1_;MEZR?\`?%`&E16;
M_;MEZR?]\4?V[9>LG_?%`&E16;_;MEZR?]\4?V[9>LG_`'Q0!I45F_V[9>LG
M_?%']NV7K)_WQ0!I45F_V[9>LG_?%']NV7K)_P!\4`:5%9O]NV7K)_WQ1_;M
MEZR?]\4`:5%9O]NV7K)_WQ1_;MEZR?\`?%`&E16;_;MEZR?]\4?V[9>LG_?%
M`&E16;_;MEZR?]\4?V[9>LG_`'Q0!I45F_V[9>LG_?%']NV7K)_WQ0!I45F_
MV[9>LG_?%']NV7K)_P!\4`:5%9O]NV7K)_WQ1_;MEZR?]\4`:5%9O]NV7K)_
MWQ1_;MEZR?\`?%`&E16;_;MEZR?]\4?V[9>LG_?%`&E16;_;MEZR?]\4?V[9
M>LG_`'Q0!I45F_V[9>LG_?%']NV7K)_WQ0!I45F_V[9>LG_?%']NV7K)_P!\
M4`:5%9O]NV7K)_WQ1_;MEZR?]\4`:5%9O]NV7K)_WQ1_;MEZR?\`?%`&E16;
M_;MEZR?]\4?V[9>LG_?%`&E16;_;MEZR?]\4?V[9>LG_`'Q0!I45F_V[9>LG
M_?%']NV7K)_WQ0!I45F_V[9>LG_?%']NV7K)_P!\4`:5%9O]NV7K)_WQ1_;M
MEZR?]\4`:5%9O]NV7K)_WQ1_;MEZR?\`?%`&E16;_;MEZR?]\4?V[9>LG_?%
M`&E16;_;MEZR?]\4?V[9>LG_`'Q0!I45F_V[9>LG_?%']NV7K)_WQ0!I45F_
MV[9>LG_?%']NV7K)_P!\4`:5%9O]NV7K)_WQ1_;MEZR?]\4`:5%9O]NV7K)_
MWQ1_;MEZR?\`?%`&E16;_;MEZR?]\4?V[9>LG_?%`&E16;_;MEZR?]\4?V[9
M>LG_`'Q0!I45F_V[9>LG_?%']NV7K)_WQ0!I45F_V[9>LG_?%']NV7K)_P!\
M4`:5%9O]NV7K)_WQ1_;MEZR?]\4`:5%9O]NV7K)_WQ1_;MEZR?\`?%`&E16;
M_;MEZR?]\4JZY9,P4%\DX'RT`7_+3^XOY4>6G]Q?RIU%`#?+3^XOY4ABC((*
M*0>O%/HH`QE9M&N_+8DVDIRI_N&EB1]8NO/E!%K$?D4_Q&M"^B26SD610PQG
M\:FC18XU1%"JHP`.U`">6G]Q?RI?+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
MEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!OEI_<7\J/+3^XOY4ZB@!O
0EI_<7\J/+3^XOY4ZB@#_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
