> 345678 l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1Courier New1Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)**_($* #,##0_);_($* (#,##0);_($* ""_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* ""_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* ""??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* ""??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)60%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0) + ) , * Ј ~~ ؈ ~~#؈ ~~"؈ ~~ ؈ ~~8#܈ ~~9"܈ ~~4#܈ ~~3#܈ ~~"؈ ~~9#܈ ~~7#܈ ~~83ffff̙̙3f3fff3f3f33333f33INDEX&H,CONDENSED CONSOLIDATED STATEMEN&kCONDENSED CONSOLIDATED BALANCE &[CONDENSED CONSOLIDATED STAT (1)&CONDENSED CONSOLIDATED STAT (2)&tMeasurement of effectiveness anGains on Derivatives&Derivative NonDesignated Hedgin&EDerivative NonDesignated He (1)&7.Derivative NonDesignated He (2)&cJDerivative NonDesignated He (3)&[Derivative NonDesignated He (4)&xDerivative NonDesignated He (5)&Derivative NonDesignated He (6)&`Derivative NonDesignated He (7)&nDerivative NonDesignated He (8)&sCash Cash Equivalents and RestrTShortterm Investments vShortterm Investments (1)&HNoncurrent Term Deposits with B&Noncurrent Term Deposits wi (1)&5Noncurrent Term Deposits wi (2)&*Noncurrent Term Deposits wi (3)?Corporate Direct Costs!dCorporate Direct Costs (1)!~Corporate Direct Costs (2)!Corporate Direct Costs (3)!8Corporate Direct Costs (4)!nCorporate Direct Costs (5)!Corporate Direct Costs (6)!Corporate Direct Costs (7) wMinimum Alternate Tax MATqRestricted Stock Units!2Restricted Stock Units (1)!IRestricted Stock Units (2)!`Restricted Stock Units (3)!sRestricted Stock Units (4)!݅Restricted Stock Units (5)!kRestricted Stock Units (6)!,Restricted Stock Units (7)!Restricted Stock Units (8)!8Restricted Stock Units (9)&oRecently adopted accounting sta&Recently adopted accounting (1)&iLIQUIDITY AND CAPITAL RESOURCES&8LIQUIDITY AND CAPITAL RESOU (1) Interest Rate Risk&0Stockholder litigation could pr&IStockholder litigation coul (1)
l B: *+
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??0!CONDENSED CONSOLIDATED STATEMEN!CONDENSED CONSOLIDATED BALANCE !CONDENSED CONSOLIDATED STAT (1)!CONDENSED CONSOLIDATED STAT (2)!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)!Cash Cash Equivalents and RestrShortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)!Noncurrent Term Deposits wi (2)!Noncurrent Term Deposits wi (3)Corporate Direct CostsCorporate Direct Costs (1)Corporate Direct Costs (2)Corporate Direct Costs (3)Corporate Direct Costs (4)Corporate Direct Costs (5)Corporate Direct Costs (6)Corporate Direct Costs (7)Minimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)Restricted Stock Units (6)Restricted Stock Units (7)Restricted Stock Units (8)Restricted Stock Units (9)!Recently adopted accounting sta!Recently adopted accounting (1)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate Risk!Stockholder litigation could pr!Stockholder litigation coul (1)U }}$ }I;}$ }}$
B
SYNTEL INC10Q
08/01/2018
INDEX$ Part I Financial Information
Page
Item 1Financial Statements
,$Condensed Consolidated Statements of~
( Comprehensive Income (unaudited)%Condensed Consolidated Balance Sheets~
(unaudited)91Condensed Consolidated Statement of Shareholders?~
$Equity/(Deficit) (unaudited),$Condensed Consolidated Statements of~
Cash Flows (unaudited)5Notes to the Unaudited Condensed Consolidated~
Financial StatementsItem 2,$Management?s Discussion and Analysis~
%of Financial Condition and Results of
OperationsD l/s/a=vRz !"#$%&'()*+,./0123456789:;<=>? !Item 3!0!(Quantitative and Qualitative Disclosures!!~
!!"""About Market Risk###$Item 4$$Controls and Procedures$$~
$$%%!&Part II Other Information&&~
&&'''(Item 1.((Legal Proceedings((~
(()))*Item 1A.**Risk Factors**~
**+++,Item 2.,/,'Unregistered Sales of Equity Securities,,~
,,and Use of Proceeds.../Item 6//Exhibits//~
//0001
Signatures1111~
112213)Exhibit 31.1 ? Certification of Principal33334Executive Officer5516)Exhibit 31.2 ? Certification of Principal66667Executive Officer8819)Exhibit 31.3 ? Certification of Principal9999:Financial Officer;;/<'Exhibit 32 ? Certification of Principal<<<<2=*Executive Officers and Principal Financial>Officer$?____________________________D(
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??0INDEX!CONDENSED CONSOLIDATED BALANCE !CONDENSED CONSOLIDATED STAT (1)!CONDENSED CONSOLIDATED STAT (2)!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)!Cash Cash Equivalents and RestrShortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)!Noncurrent Term Deposits wi (2)!Noncurrent Term Deposits wi (3)Corporate Direct CostsCorporate Direct Costs (1)Corporate Direct Costs (2)Corporate Direct Costs (3)Corporate Direct Costs (4)Corporate Direct Costs (5)Corporate Direct Costs (6)Corporate Direct Costs (7)Minimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)Restricted Stock Units (6)Restricted Stock Units (7)Restricted Stock Units (8)Restricted Stock Units (9)!Recently adopted accounting sta!Recently adopted accounting (1)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate Risk!Stockholder litigation could pr!Stockholder litigation coul (1)U }U5}$ }
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SYNTEL INC10Q
08/01/2018A9CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
THREE MONTHS ENDED
SIX MONTHS ENDED
JUNE 30,
JUNE 30,~
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SYNTEL INC10Q
08/01/2018%CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Audited)
June 30,
December 31,~
~
ASSETS
Current assets:
!Cash and cash equivalents~
N~
Shortterm investments~
~
%Accounts receivable, net of allowance~
3~
0(for doubtful accounts of $49 at June 30,7/2018 and $0 at December 31, 2017, respectively.,$Revenue earned in excess of billings~
1~
Other current assets~
M~
Total current assets~
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6~
7#Property and equipment, net~
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!!!!!!!!!6".LIABILITIES AND SHAREHOLDERS? EQUITY/(DEFICIT)""""""""#LIABILITIES########$Current liabilities:$$$$$$$$%Accounts payable%~
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////~
/i/0000000001TOTAL LIABILITIES11~
1111~
1O1/2'Commitments and contingencies (See Note22222222~
3B,4$Total shareholders? equity/(deficit)44~
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SYNTEL INC10Q
08/01/2018IACONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY/(DEFICIT)
!"#$
Treasury
Additional Retained Accumulated !
"Total $
Common Stock
Stock
Restricted Stock
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SYNTEL INC10Q
08/01/20187/CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SIX MONTHS ENDED
June 30,~
~
.&CASH FLOWS FROM OPERATING ACTIVITIES :
Net income
~
L
~
b
.&Adjustments to reconcile net income to1)net cash provided by operating activities%Depreciation and amortization~
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+^+,,,,,,,,,%CASH FLOWS FROM FINANCING ACTIVITIES:).!Repayment of loans and borrowings..~
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../////////0%Net cash used in financing activities00~
0:n000~
0011111111102(Effect of foreign currency exchange rate22~
2222~
2#23changes on cash44444444475/Change in cash, cash equivalents and restricted55~
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556cash7%Cash, cash equivalents and restricted77~
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77 8cash beginning of period999999999:%Cash, cash equivalents and restricted::~
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SYNTEL INC10Q
08/01/201891Measurement of effectiveness and ineffectiveness:
Particulars Notional
Fair value of
amount
derivative and
outstandinglocation on
Gain on fair valueGain on fair valuestatement of
for three monthsfor six months ended
financial
ended June 30, 2018
June 30, 2018position as on
EffectiveIneffective EffectiveIneffective30th June 2018
(In thousands)Cash flow hedgeDeferred income
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taxes and other
assetsnoncurrent assets$Pay fixed interest rate swap$268.1 Million~
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SYNTEL INC10Q
08/01/2018Gains on Derivatives:
THREE MONTHS ENDED
(In thousands)
June 30,
SIX MONTHS ENDED
June 30,~
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SYNTEL INC10Q
08/01/20184,Derivative (NonDesignated) Hedging Strategy
(In thousands)
Foreign
Unrealized
Unrealized
Defined
Accumulated
Currencygain on
Gains
Benefit
OtherTranslationderivatives
(Losses)
Pension
Comprehensive
Adjustments
designated
on debt
Plans
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~
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~
~
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SYNTEL INC10Q
08/01/20184,Derivative (NonDesignated) Hedging Strategy
(In thousands) '
Details about Accumulated Other
Affected Line
Before
Tax
Net of Tax
#Comprehensive Income (Loss)Item in theTaxExpense
Components StatementAmount (Benefit)
Where Net
income (loss)Is Presented.&Unrealized gains on available for saleOther income, net~
~
~
debt securities3+Amortization of prior service cost includedCost of revenues~
~
~
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SYNTEL INC10Q
08/01/20184,Derivative (NonDesignated) Hedging Strategy
(In thousands)
Foreign
Unrealized
Unrealized
Defined
Accumulated
Currencygain
Gains
Benefit
OtherTranslation(losses) on
(Losses)
Pension
Comprehensive
Adjustments
derivatives
on debt
Plans
Loss
designated
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v~
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~
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^0(Other comprehensive income (loss) before~
~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??0INDEX!CONDENSED CONSOLIDATED STATEMEN!CONDENSED CONSOLIDATED BALANCE !CONDENSED CONSOLIDATED STAT (1)!CONDENSED CONSOLIDATED STAT (2)!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)!Cash Cash Equivalents and RestrShortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)!Noncurrent Term Deposits wi (2)!Noncurrent Term Deposits wi (3)Corporate Direct CostsCorporate Direct Costs (1)Corporate Direct Costs (2)Corporate Direct Costs (3)Corporate Direct Costs (4)Corporate Direct Costs (5)Corporate Direct Costs (6)Corporate Direct Costs (7)Minimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)Restricted Stock Units (6)Restricted Stock Units (7)Restricted Stock Units (8)Restricted Stock Units (9)!Recently adopted accounting sta!Recently adopted accounting (1)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate Risk!Stockholder litigation could pr!Stockholder litigation coul (1)U }$4}$ }0}$
SYNTEL INC10Q
08/01/20184,Derivative (NonDesignated) Hedging Strategy
(In thousands) '
Details about Accumulated Other
Affected Line
Before
Tax
Net of Tax
#Comprehensive Income (Loss)Item in theTaxExpense
Components StatementAmount (Benefit)
Where NetIncome (Loss) Is Presented.&Unrealized gains (losses) on availableOther income, net~
~
j
~
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~
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SYNTEL INC10Q
08/01/20184,Derivative (NonDesignated) Hedging Strategy
(In thousands)
Foreign
Unrealized
Unrealized
Defined
Accumulated
Currencygain on
Gains
Benefit
OtherTranslationderivatives
(Losses) on
Pension
Comprehensive
Adjustments
designated
debt
Plans
Lossas cash flow
SecuritieshedgesBeginning balance~
R~
% ~
~
~
^@0(Other comprehensive income (loss) before~
~
,
~
~
J~
.Ireclassifications%Amounts reclassified from accumulated ?
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SYNTEL INC10Q
08/01/20184,Derivative (NonDesignated) Hedging Strategy
(In thousands) !
Details about Accumulated
Affected
Before
Tax
Net of Tax
"Other Comprehensive IncomeLine Item inTaxExpense(Loss) ComponentstheAmount (Benefit)
Statement Where Net
income (loss)Is Presented.&Unrealized (gains) losses on availableOther income, net~
~
~
N for sale debt securities3+Amortization of prior service cost includedCost of revenues~
~
~
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SYNTEL INC10Q
08/01/20184,Derivative (NonDesignated) Hedging Strategy
(In thousands)
Foreign
Unrealized
Unrealized
Defined
Accumulated
Currencygain on
Gains
Benefit
OtherTranslationderivatives
(Losses)
Pension
Comprehensive
Adjustments
designated
on
Plans
Income (Loss)as cash flow
SecuritieshedgesBeginning balance~
{~
~
"
~
~
q0(Other comprehensive income (loss) before~
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~
~
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~
~
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.&Net currentperiod other comprehensive~
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~
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~
~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??0INDEX!CONDENSED CONSOLIDATED STATEMEN!CONDENSED CONSOLIDATED BALANCE !CONDENSED CONSOLIDATED STAT (1)!CONDENSED CONSOLIDATED STAT (2)!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (8)!Cash Cash Equivalents and RestrShortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)!Noncurrent Term Deposits wi (2)!Noncurrent Term Deposits wi (3)Corporate Direct CostsCorporate Direct Costs (1)Corporate Direct Costs (2)Corporate Direct Costs (3)Corporate Direct Costs (4)Corporate Direct Costs (5)Corporate Direct Costs (6)Corporate Direct Costs (7)Minimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)Restricted Stock Units (6)Restricted Stock Units (7)Restricted Stock Units (8)Restricted Stock Units (9)!Recently adopted accounting sta!Recently adopted accounting (1)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate Risk!Stockholder litigation could pr!Stockholder litigation coul (1)U }$4}$ }0}$
SYNTEL INC10Q
08/01/20184,Derivative (NonDesignated) Hedging Strategy
(In thousands) '
Details about Accumulated Other
Affected Line
Before
Tax
Net of
%Comprehensive Loss ComponentsItem in theTax (Expense)
Tax StatementAmountBenefit
Where Net Income Is Presented.&Unrealized gains on available for saleOther income, net~
~
^
~
debt securities3+Amortization of prior service cost includedCost of revenues~
~
~
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SYNTEL INC10Q
08/01/20184,Derivative (NonDesignated) Hedging Strategy
Three Months Ended
Six Months Ended
June 30,
June 30,~
~
~
~
(In thousands)
(In thousands)
%Unrealized gain (loss) on derivatives
~
~
*
~
~
6
&designated as cash flow hedges1)Tax benefit (expense) on unrealized gains~
~
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~
~
.#(losses) on debt securities0(Tax benefit (expense) on defined benefit~
~
~
v
~
pension plans
:2Total tax benefit (expense) on other comprehensive~
~
~
~
6
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??0INDEX!CONDENSED CONSOLIDATED STATEMEN!CONDENSED CONSOLIDATED BALANCE !CONDENSED CONSOLIDATED STAT (1)!CONDENSED CONSOLIDATED STAT (2)!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)!Noncurrent Term Deposits wi (2)!Noncurrent Term Deposits wi (3)Corporate Direct CostsCorporate Direct Costs (1)Corporate Direct Costs (2)Corporate Direct Costs (3)Corporate Direct Costs (4)Corporate Direct Costs (5)Corporate Direct Costs (6)Corporate Direct Costs (7)Minimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)Restricted Stock Units (6)Restricted Stock Units (7)Restricted Stock Units (8)Restricted Stock Units (9)!Recently adopted accounting sta!Recently adopted accounting (1)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate Risk!Stockholder litigation could pr!Stockholder litigation coul (1)U }U5}$
SYNTEL INC10Q
08/01/20182*Cash, Cash Equivalents and Restricted Cash ~
~
June 30
December 31
(In thousands) Cash and Cash equivalent~
N~
Restricted cash
$?
$?
0(Restricted cash included in other assets
$?
$?4,Total Cash, Cash equivalents, and restricted~
N~
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SYNTEL INC10Q
08/01/2018Shortterm Investments ~
~
June 30
December 31
(In thousands)1)Investments in mutual funds at fair value~
b~
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~
~
:
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SYNTEL INC10Q
08/01/2018Shortterm Investments ~
~
June 30
December 31
(In thousands)Cost~
~
Unrealized gain, net
~
~
V
Fair value~
b~
ޑGross realized gains~
~
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~
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~
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SYNTEL INC10Q
08/01/2018,$Noncurrent Term Deposits with Banks Period " Payment amount per quarter
Beginning from
Until
(In millions)
October 31, 2017September 30, 2018@October 31, 2018September 30, 2021@
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SYNTEL INC10Q
08/01/2018'LIQUIDITY AND CAPITAL RESOURCES Period " Payment amount per quarter
Beginning from
Until
(In millions)
October 31, 2017September 30, 2018@October 31, 2018September 30, 2021@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??0INDEX!CONDENSED CONSOLIDATED STATEMEN!CONDENSED CONSOLIDATED BALANCE !CONDENSED CONSOLIDATED STAT (1)!CONDENSED CONSOLIDATED STAT (2)!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)!Cash Cash Equivalents and RestrShortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)!Noncurrent Term Deposits wi (2)!Noncurrent Term Deposits wi (3)Corporate Direct CostsCorporate Direct Costs (1)Corporate Direct Costs (2)Corporate Direct Costs (3)Corporate Direct Costs (4)Corporate Direct Costs (5)Corporate Direct Costs (6)Corporate Direct Costs (7)Minimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)Restricted Stock Units (6)Restricted Stock Units (7)Restricted Stock Units (8)Restricted Stock Units (9)!Recently adopted accounting sta!Recently adopted accounting (1)!LIQUIDITY AND CAPITAL RESOURCESInterest Rate Risk!Stockholder litigation could pr!Stockholder litigation coul (1)U } }$
SYNTEL INC10Q
08/01/2018'LIQUIDITY AND CAPITAL RESOURCES (In
thousands) Term Loan Principal
Payments~
~
~
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~
~
~
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SYNTEL INC10Q
08/01/2018Interest Rate Risk June 30, December 31,
~
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Cash and cash equivalents
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SYNTEL INC10Q
08/01/2018kcStockholder litigation could prevent or delay the closing of the proposed Merger or otherwise negat
Period Total number Average
Total
Approximate
of shares (or
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number of
dollar value ofunits)paid per
shares (or
shares (or units) purchased share (or
units)
that may yet be
unit) including
purchased
purchased under
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SYNTEL INC10Q
08/01/2018kcStockholder litigation could prevent or delay the closing of the proposed Merger or otherwise negat Exhibit No. Description
@1)Agreement and Plan of Merger, dated as of1)July 20, 2018, by and among Syntel, Inc.,
2
*Atos S.E. and Green Merger Sub Inc., filed5as an Exhibit to the Company?s Form 8K dated.&July 20, 2018, and incorporated herein
by reference. 333333$@/'Third Amendment, dated June 7, 2018, to,$the Credit Agreement dated September1)12, 2016, between the Company and Bank of/'America, N.A., as administrative agent,1)L/C issuer, and swing line lender and the.&other lender parties thereto, filed as2*an Exhibit to the Company?s Form 8K dated0(June 7, 2018, and incorporated herein by
reference. ffffff$@1)Form of Retention Letter Agreement, filed5as an Exhibit to the Company?s Form 8K dated.&July 20, 2018, and incorporated herein
by reference.Dj lI=1%\p&D_{M5 !"#$%&'()*+,./0123456789:;<=> ! ?@!.!&Rule 13a14(a)/15d14(a) Certification""'"of Principal Executive Officer.##$ 333333?@$.$&Rule 13a14(a)/15d14(a) Certification%%'%of Principal Executive Officer.&&' L?@'.'&Rule 13a14(a)/15d14(a) Certification(('(of Principal Financial Officer.))~
**/*'Section 1350 Certification of Principal++2+*Executive Officers and Principal Financial,,,Officer..101.INS..XBRL Instance Document//0101.SCH0&0XBRL Taxonomy Extension Schema112101.CAL242,XBRL Taxonomy Extension Calculation Linkbase334101.DEF434+XBRL Taxonomy Extension Definition Linkbase556101.LAB6.6&XBRL Taxonomy Extension Label Linkbase778101.PRE8,8$XBRL Taxonomy Extension Presentation999Linkbase:;$<____________________________1=)Created by Morningstar Document Research.0>(http://documentresearch.morningstar.com/BXU=BL fNq uM=PF0*8X>
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