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Webcast Guidelines The audience is in listen-only mode. Please questions via the Q&A panel box. Select audience questions will be answered during the last five minutes of the program. WebEx customer support:

MODERATOR David Marcus Senior Writer The Deal

EXPERT PANEL A. Thompson Bayliss Partner Abrams & Bayliss LLP

EXPERT PANEL Joseph E. Gilligan Partner Hogan Lovells

EXPERT PANEL Gregory Varallo, Partner, Executive Vice President Richards, Layton & Finger

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AUDIENCE Q&A

Thank you for joining the webcast The replay link will be on The Deal’s website early next week