2018 Annual Proxy Guide

©2018 Mediant Communications Inc. Proprietary & Confidential Information. All Rights Reserved. 13 2018 Proxy Guide The most common way to reduce USPS First Class postage rates is to presort the mail to obtain USPS discounted rates. Where Mediant is able to obtain USPS First Class postage discounts, we generally share the discount with the issuer. To qualify, the issuer must meet certain issuer requirements:  The issuer has not specifically instructed Mediant to mail using USPS First Class, either on the Search Card, on Mediant’s Proxy Setup Form, or otherwise.  The material is received by Mediant far enough in advance of the meeting (25-30 days) to allow for normal USPS Standard delivery times.  The mailing is a minimum number of “like” pieces – e.g. same size, all domestic, same weight, same envelope type. The number varies depending on the postage discount.  The physical contents of the package can be inserted into envelopes by machine rather than by hand. Tasks performed by Mediant to obtain discounts If these requirements are met, then Mediant performs the following tasks to obtain the discount from the USPS: NCOA and CASS processing, presorting mail, inserting, banding and sacking in presort order, bundling into USPS mail trays, reporting/reconciling and meeting other USPS delivery guidelines. Because Mediant performs extra work in order to obtain these USPS postage discounts, our policy is to share the discount with the issuers. This policy is consistent with SEC and NYSE Rules and policies. There are certain kinds of mailings for which USPS discounts are not available or the discounts are so minimal that they are retained by Mediant. Phase 2: Distribution