Page is loading ...
3DJH
')'
,16758&7,210$18$/
7KHPDQXIDFWXUHUVWULYHVIRUFRQWLQXRXVLPSURYHPHQW
)RUWKLVUHDVRQWKHWH[WDQGLOOXVWUDWLRQVLQWKLVPDQXDO
DUHVXEMHFWWRFKDQJHZLWKRXWQRWLFH
(1
/1(835,*+7)5,'*(
5HFRUGLQWKHVSDFHEHORZWKHOLVWHGLQIRUPDWLRQIRUIXWXUHUHIHUHQFH
6(5,$/180%(5«««««««««««««««««««««««««««««««
'$7(2)385&+$6(«««««««««««««««««««««««««««««
385&+$6(')520««««««««««««««««««««««««««««««
««««««««««««««««««««««««««««««««««««««««
3DUWQXPEHU
3DJH
3DJH
5HDGWKLVPDQXDOEHIRUHLQLWLDOLQVWDOODWLRQDQGRSHUDWLRQRIWKHDSSOLDQFH
'HDU&XVWRPHU
<RXUQHZ'HI\ DSSOLDQFHZDV PDQXIDFWXUHGLQDVWDWH RI WKH DUW IDFLOLW\ DQG KDV SDVVHG WKH
VWULFWHVWTXDOLW\FRQWUROSURFHGXUHV
3OHDVHUHDGWKLVPDQXDOFDUHIXOO\EHIRUHXVLQJ\RXUDSSOLDQFHIRUWKHILUVWWLPHDQGWKHQVWRUHLW
ZLWKLQHDV\UHDFKIRUIXWXUHUHIHUHQFH
:HWUXVW\RXZLOOHQMR\\HDUVRIWURXEOHIUHHXVH
7KHXVHUPDQXDO
x 7KLVPDQXDOZLOOSURYLGH\RXZLWKLQIRUPDWLRQRQKRZWRVDIHO\RSHUDWHDQGFDUHIRU\RXU
DSSOLDQFHLQRUGHUWKDW\RXJDLQWKHPD[LPXPEHQHILWIURPLW
x 3D\SDUWLFXODUDWWHQWLRQWRDQ\VDIHW\LQVWUXFWLRQV
x 3OHDVHUHDGDOODGGLWLRQDOGRFXPHQWVVXSSOLHGZLWK\RXUDSSOLDQFH
x 3OHDVHQRWHWKDWWKLVPDQXDOPD\EHXVHGIRUVHYHUDOVLPLODUEXWGLIIHUHQWPRGHOV3OHDVH
FKHFNIRUUHOHYDQFHUHJDUGLQJ\RXUSDUWLFXODUPRGHO
([SODQDWLRQRIV\PEROVXVHGLQWKLVPDQXDO
,PSRUWDQW VDIHW\ LQIRUPDWLRQ :DUQLQJ IRU KD]DUGRXV VLWXDWLRQV ZLWK UHJDUG WR OLIH DQG
SURSHUW\
&DXWLRQ:DUQLQJIRUVXSSO\YROWDJH
&DXWLRQ:DUQLQJIRUILUHKD]DUG
&DXWLRQ:DUQLQJIRUKRWVXUIDFHV
8VHIXOLQIRUPDWLRQ,PSRUWDQWLQIRUPDWLRQRUXVHIXOKLQWVDERXWXVDJH
8QSDFNLQJ
5HPRYHDOOSDFNDJLQJ
(QVXUHWKDWSDFNLQJPDWHULDOLVGLVSRVHGRILQDUHVSRQVLEOHPDQQHUDQGWKDWDQ\SODVWLFEDJV
DUHFXWXSWRSUHYHQWFKLOGUHQSOD\LQJZLWKWKHPDQGDFFLGHQWDOO\VXIIRFDWLQJ
,IWKHDSSOLDQFHLVGDPDJHGLQDQ\ZD\GRQRWXVHLW5HSRUWWKHGDPDJHWR\RXUGHDOHUZKR
ZLOOWDNHWKHQHFHVVDU\FRUUHFWLYHDFWLRQ
3OHDVHUHJLVWHU\RXUSURGXFWDW
ZZZGHI\FR]D
'()<$33/,$1&(637</7'
32%2;
-$&2%6
'85%$1
6287+$)5,&$
)LJXUHVUHSUHVHQWHGLQWKLVLQVWUXFWLRQPDQXDODUHVFKHPDWLFDQGPD\QRW
FRUUHVSRQGH[DFWO\ZLWK\RXUDSSOLDQFH,IWKHSDUWVDUHQRWLQFOXGHGLQWKHDSSOLDQFH
\RXKDYHSXUFKDVHGWKH\PD\EHPRGHOVSHFLILFDQGWKHUHIRUHRQO\YDOLGIRUVRPH
PRGHOV
3DJH
&RQWHQWV
3UHSDUDWLRQ
$GMXVWLQJWKHIHHW
8VLQJ\RXU5HIULJHUDWRU
,QGLFDWRUSDQHO
)RRGVWRUDJH
'HIURVWLQJWKHDSSOLDQFH
0DLQWHQDQFHDQG&OHDQLQJ
7URXEOH6KRRWLQJ
6HUYLFH&HQWUHV
:DUUDQW\
<RXU5HIULJHUDWRU
,PSRUWDQW6DIHW\,QIRUPDWLRQ
:DUQLQJV
(OHFWULFDOFRQQHFWLRQ
&KLOGVDIHW\
+&$:DUQLQJ
)RUDSSOLDQFHVZLWKDZDWHUGLVSHQVHU
(QHUJ\VDYLQJWLSV
2ZQHUVUHVSRQVLELOLW\
3ODFLQJDQG,QVWDOODWLRQ
7UDQVSRUWDWLRQLQVWUXFWLRQV
,QVWDOODWLRQLQVWUXFWLRQV
:DUQLQJ'RQRWSODFHDQ\FRSSHUSRWVRUGLVKHVLQVLGHWKHFDELQHW
)LJXUHVLQWKLVPDQXDODUHVFKHPDWLFDQGPD\QRWPDWFK\RXUDSSOLDQFHH[DFWO\
9DOXHVVWDWHGRQWKHPDFKLQHODEHOVRULQWKHGRFXPHQWDWLRQDFFRPSDQ\LQJLWDUH
REWDLQHGLQODERUDWRU\FRQGLWLRQVLQDFFRUGDQFHZLWKWKHUHOHYDQWVWDQGDUGV
'HSHQGLQJRQRSHUDWLRQDODQGHQYLURQPHQWDOFRQGLWLRQVRIWKHPDFKLQHWKHVH
YDOXHVPD\YDU\
3DJH
<RXU5HIULJHUDWRU
7ULPSODVWLFIURQW
%XWWHU&KHHVHVHFWLRQV
$GMXVWDEOHGRRUVKHOYHV
%RWWOHVKHOYHV
$GMXVWDEOHIURQWIHHW
&KLOOHU
&KLOOHUFRYHUDQGJODVV
0RYDEOHVKHOYHV
'HSHQGVRQ0RGHO
7KHPDQXIDFWXUHUVWULYHVIRUFRQWLQXRXVLPSURYHPHQW)RUWKLVUHDVRQWHFKQLFDO
VSHFLILFDWLRQVWH[WDQGLOOXVWUDWLRQVLQWKLVPDQXDODUHVXEMHFWWRFKDQJHZLWKRXW
QRWLFH
)LJXUHVUHSUHVHQWHGLQWKLVLQVWUXFWLRQPDQXDODUHVFKHPDWLFDQGPD\QRW
FRUUHVSRQGH[DFWO\ZLWK\RXUDSSOLDQFH,IWKHSDUWVDUHQRWLQFOXGHGLQWKHDSSOLDQFH
\RXKDYHSXUFKDVHGWKH\PD\EHPRGHOVSHFLILFDQGWKHUHIRUHRQO\YDOLGIRUVRPH
PRGHOV
3DJH
,PSRUWDQWVDIHW\LQIRUPDWLRQ
x 9DSRXUDQGYDSRUL]HGFOHDQLQJ
PDWHULDOVPXVWQHYHUEHXVHG
LQWKHFOHDQLQJDQGGHIURVWLQJ
WKHDSSOLDQFH7KHYDSRXUPD\
FRPHLQWRFRQWDFWZLWKWKH
HOHFWULFDOSDUWVDQGFDXVHD
VKRUWFLUFXLWRUHOHFWULFVKRFN
x 7KLVDSSOLDQFHLVQRWLQWHQGHG
IRUXVHE\SHUVRQVLQFOXGLQJ
FKLOGUHQZLWKUHGXFHG
SK\VLFDOVHQVRU\RUPHQWDO
FDSDELOLWLHVRUODFNRI
H[SHULHQFHDQGNQRZOHGJH
XQOHVVWKH\KDYHEHHQJLYHQ
VXSHUYLVLRQRULQVWUXFWLRQ
FRQFHUQLQJWKHXVHRIWKH
DSSOLDQFHE\DSHUVRQ
UHVSRQVLEOHIRUWKHLUVDIHW\
x &KLOGUHQVKRXOGEHVXSHUYLVHG
WRHQVXUHWKDWWKH\GRQRWSOD\
ZLWKWKHDSSOLDQFH
x 'RQRWDOORZFKLOGUHQWRKDQJ
RQWKHDSSOLDQFHGRRUDVWKH
XQLWFRXOGWRSSOHIRUZDUG
ULVNLQJSHUVRQDOLQMXU\1HYHU
XVHWKHSDUWVRQ\RXU
DSSOLDQFHVXFKDVWKHGRRUDV
DPHDQVRIVXSSRUWRUVWHS
x 'RQRWXVHHOHFWULFDO
DSSOLDQFHVLQVLGHWKH
DSSOLDQFH
x .HHSYHQWLODWLRQRSHQLQJVLQ
WKHDSSOLDQFHRULQWKHEXLOWLQ
VWUXFWXUHFOHDURIREVWUXFWLRQV
3OHDVHUHYLHZDQGREVHUYHWKH
IROORZLQJLQIRUPDWLRQ)DLOXUHWR
GRVRPD\UHVXOWLQLQMXULHVRU
PDWHULDOGDPDJHDQGZLOOUHQGHU
DQ\ZDUUDQW\DQGUHOLDELOLW\
FRPPLWPHQWVYRLG6SDUHSDUWV
IRUWKHDSSOLDQFHZLOOEHVWRFNHG
IRU\HDUVWRPHHWDQ\
PDLQWHQDQFHRUVHUYLFH
UHTXLUHPHQWV
:DUQLQJV
x +DQGWKLVRZQHUVPDQXDORYHU
WRWKHQHZRZQHUVKRXOG
RZQHUVKLSFKDQJH
x 7KHDSSOLDQFHPXVWRQO\EH
XVHGIRULWVLQWHQGHGSXUSRVH
LHWKHVWRULQJRIHGLEOH
IRRGVWXII
x 7KHDSSOLDQFHLVLQWHQGHGWR
EHXVHGLQKRXVHKROGDQG
VLPLODUDSSOLFDWLRQVVXFKDV
x 6WDIINLWFKHQDUHDVLQVKRSV
x 2IILFHVDQGRWKHUZRUNLQJ
HQYLURQPHQWV
x )DUPKRXVHVDQGE\FOLHQWVLQ
KRWHOVPRWHOVDQGRWKHU
UHVLGHQWLDOW\SHHQYLURQPHQWV
EHGDQGEUHDNIDVWW\SH
HQYLURQPHQWVFDWHULQJDQG
VLPLODUQRQUHWDLODSSOLFDWLRQV
x &RQVXOWZLWK\RXUDXWKRULVHG
'()<VHUYLFHFHQWUHIRUDOO
TXHVWLRQVDQGSUREOHPV
UHODWLQJWRWKHDSSOLDQFH2QO\
DXWKRULVHGDJHQWVDUHWRFDUU\
RXWUHSDLUV
3DJH
x
8QSOXJWKHDSSOLDQFHZKHQ
FOHDQLQJGXULQJURXWLQH
PDLQWHQDQFHRULILWZLOOQRWEH
XVHGIRUDQH[WHQGHGSHULRG
x 7RXQSOXJWKHDSSOLDQFH
UHPRYHWKHSOXJE\SXOOLQJRQ
WKHSOXJDQGQRWWKHFDEOH
x ([SRVLQJWKHDSSOLDQFHWRUDLQ
VQRZVXQDQGZLQGLVDQ
HOHFWULFDOVDIHW\ULVN
x 6KRXOGWKHPDLQVOHDGRIWKH
DSSOLDQFHEHFRPHGDPDJHGRU
VKRXOGLWQHHGUHSODFLQJDWDQ\
WLPHLWPXVWEHUHSODFHGE\D
VSHFLDOSXUSRVHPDGHPDLQV
OHDGZKLFKFDQRQO\EH
REWDLQHGIURPD'()<
$XWKRULVHG6HUYLFH$JHQW
x 1HYHUFRQQHFW\RXUDSSOLDQFH
WRHOHFWULFLW\VDYLQJV\VWHPVDV
WKH\PD\GDPDJHWKH
DSSOLDQFH
x 'RQRWVWRUHPHGLFLQHRU
DFDGHPLFUHVHDUFKVDPSOHV
ZKLFKUHTXLUHVWULFW
WHPSHUDWXUHFRQWUROLQWKH
DSSOLDQFH
x 'RQRWVWRUHRUXVHIODPPDEOH
JDVEHQ]HQHSHWURORUYRODWLOH
VXEVWDQFHVLQRUQHDUWKH
DSSOLDQFH
x 'RQRWVWRUHH[SORVLYH
VXEVWDQFHVVXFKDVDHURVRO
FDQVZLWKDIODPPDEOH
SURSHOODQWLQWKHDSSOLDQFH
x ,QWKHHYHQWRIDPDOIXQFWLRQ
GLVFRQQHFWWKHDSSOLDQFHIURP
WKHSRZHUVXSSO\
x 'RQRWRYHUORDG\RXU
DSSOLDQFHZLWKH[FHVVLYH
DPRXQWVRIIRRG,IRYHUORDGHG
WKHIRRGLWHPVPD\IDOOGRZQ
DQGLQMXUH\RXDQGGDPDJHWKH
DSSOLDQFHZKHQ\RXRSHQWKH
GRRU1HYHUSODFHREMHFWVRQ
WRSRIWKHDSSOLDQFHWKH\PD\
IDOOGRZQDQGLQMXUH\RXZKHQ
\RXRSHQRUFORVHWKH
DSSOLDQFHGRRU
x ,IWKHUHLVDEOXHOLJKWILWWHGRQ
WKHDSSOLDQFHGRQRWORRNDW
WKHEOXHOLJKWWKURXJKRSWLFV
'RQRWRSHUDWHD
GDPDJHGDSSOLDQFH
&RQVXOWZLWK\RXU
QHDUHVW'()<VHUYLFH
&HQWUHVKRXOG\RXKDYH
DQ\FRQFHUQV
7KHHOHFWULFDOVDIHW\RI
WKHDSSOLDQFHLVRQO\
JXDUDQWHHGLIWKHHDUWK
V\VWHPRI\RXUKRPHLV
FRPSOLDQWWRQDWLRQDO
VWDQGDUGV
1HYHUSOXJWKH
DSSOLDQFHLQWRWKHZDOO
VRFNHWGXULQJ
LQVWDOODWLRQ'HDWKRU
VHULRXVLQMXU\PD\
UHVXOW
3DJH
x 7KHDSSOLDQFHPD\PRYHLIWKH
DGMXVWDEOHOHJVDUHQRW
SURSHUO\OHYHOOHGRQWKHIORRU
/HYHOOLQJWKHDGMXVWDEOHOHJV
RQWKHIORRUKHOSVSUHYHQWWKH
DSSOLDQFHIURPPRYLQJ
x :KHQFDUU\LQJWKHDSSOLDQFH
GRQRWKROGRQWKHGRRUKDQGOH
DVWKLVPD\FDXVHWKHKDQGOH
WREUHDN
x :KHQSODFLQJ\RXUDSSOLDQFH
QH[WWRDQRWKHUDSSOLDQFHRU
IUHH]HUWKHGLVWDQFHEHWZHHQ
WKHGHYLFHVVKRXOGEHDWOHDVW
PP)DLOXUHWRGRVRPD\
FDXVHDGMDFHQWZDOOVWR
KXPLGLI\
x
)RUDSSOLDQFHVZLWKDIUHH]HU
FRPSDUWPHQW'RQRWSXW
ERWWOHGDQGFDQQHGOLTXLG
EHYHUDJHVLQWKHIUHH]HU
FRPSDUWPHQWDVWKH\PD\
EXUVW
x 'RQRWWRXFKIUR]HQIRRGZLWK
\RXUKDQGVWKH\PD\VWLFNWR
\RXUKDQG
x 1HYHUSRXURUVSUD\ZDWHULQWR
RURQWKHDSSOLDQFHDQGGRQRW
VWRUHOLTXLGVSRWSODQWVRU
RSHQFRQWDLQHUVRQWRSRIWKH
DSSOLDQFHDVWKHVHPLJKWVSLOO
FDXVLQJHOHFWULFDOVKRUWLQJ
x )RUPDQXDOO\FRQWUROOHG
DSSOLDQFHV
ZDLWDWOHDVW
PLQXWHVEHIRUHVWDUWLQJWKH
DSSOLDQFHDIWHUDSRZHUIDLOXUH
x $YRLGDQ\GDPDJHWRWKH
SRZHUFDEOHZKHQWUDQVSRUWLQJ
WKHDSSOLDQFH
;
x %HQGLQJWKHFDEOHPD\FDXVH
DILUH
x 1HYHUSODFHKHDY\REMHFWVRQ
WKHSRZHUFDEOH
x 'RQRWWRXFKWKHSOXJZLWKZHW
KDQGV
x 'RQRWSOXJLQWKHDSSOLDQFHLI
WKHZDOOVRFNHWLVORRVH
x 2QGHOLYHU\FKHFNWRPDNH
VXUHWKDWWKHDSSOLDQFHLVQRW
GDPDJHGDQGWKDWDOOWKHSDUWV
DQGDFFHVVRULHVDUHLQSHUIHFW
FRQGLWLRQ
x (QVXUHWKDWWKHSOXJUHPDLQV
UHDGLO\DFFHVVLEOH'RQRWXVH
PXOWLSOHDGDSWHUSOXJVRUDQ
H[WHQVLRQFDEOH
x (QVXUHWKDWWKHUHLVVXIILFLHQW
VSDFLQJEHWZHHQWKHDSSOLDQFH
DQGVXUURXQGLQJZDOOV
x 8QSOXJWKHDSSOLDQFHIURPWKH
PDLQVZKHQ\RXFOHDQWKH
DSSOLDQFH
(OHFWULFDOFRQQHFWLRQ
&RQQHFW\RXUDSSOLDQFHWRD
JURXQGHGVRFNHWZKLFKLV
SURWHFWHGE\DIXVHZLWKWKH
DSSURSULDWHFDSDFLW\
3DJH
:DUQLQJ1HYHUGLVSRVH
RIWKH$SSOLDQFHLQDILUH
'RQRWGLVSRVHRI\RXU
$SSOLDQFHDORQJZLWK
UHJXODUKRXVHKROGZDVWH
&RQWDFW\RXUORFDO
DXWKRULW\IRUGLVSRVDO
LQIRUPDWLRQDQGIDFLOLWLHV
DYDLODEOH
'RQRWGULOOFXWRUPRGLI\
WKHDSSOLDQFH,QMXULHV
PD\UHVXOWLIWKH
UHIULJHUDQWFLUFXLWLV
GDPDJHG6HH+&$
ZDUQLQJ'RQRWGDPDJH
WKHUHIULJHUDQWFLUFXLW
5HSDLUVPXVWEHFDUULHG
RXWE\DXWKRULVHGSHUVRQV
RQO\5HSDLUVFDUULHGRXW
E\LQFRPSHWHQWSHUVRQV
FUHDWHDXVHUULVN
+&$:DUQLQJ
5HIULJHUDWRUFRROLQJV\VWHPV
FRQWDLQLQJ5D
$W'()<WKHFDUHDQG
SURWHFWLRQRIRXUHQYLURQPHQWLV
DQRQJRLQJFRPPLWPHQW7KLV
'()<UHIULJHUDWRULVSDUWLFXODUO\
HQYLURQPHQWDOO\IULHQGO\DQG
FRQWDLQVQRQ&)&+)&QDWXUDO
VXEVWDQFHVLQWKHFRROLQJ
V\VWHP&DOOHG5DDQGLQ
WKHLQVXODWLRQ&DOOHG
F\FORSHQWDQH
&KLOGVDIHW\
x ,IWKHGRRUKDVDORFNWKHNH\
VKRXOG EH NHSW RXW RI UHDFK
IURPFKLOGUHQ
x ,I \RX DUH GLVFDUGLQJ DQ ROG
DSSOLDQFH ZLWK D ORFN RU ODWFK
ILWWHG WR WKH GRRU GLVDEOH WKH
ORFNODWFKDQG HQVXUH WKDW WKH
DSSOLDQFH LV OHIW LQ D VDIH
FRQGLWLRQ WR SUHYHQW FKLOGUHQ
IURP EHLQJ WUDSSHG LQVLGH DQG
VXIIRFDWLQJ
x &KLOGUHQPXVWEHVXSHUYLVHGWR
SUHYHQW WKHP IURP WDPSHULQJ
ZLWKWKHDSSOLDQFH
,PSRUWDQW
7KHFRQQHFWLRQPXVWEHLQ
FRPSOLDQFHZLWKQDWLRQDO
UHJXODWLRQV
7KHSRZHUFDEOHSOXJPXVWEH
HDVLO\
DFFHVVLEOHDIWHU
LQVWDOODWLRQ
7KHVSHFLILHGYROWDJHPXVWEH
HTXDOWR\RXUPDLQVYROWDJH
7KHVHDUHSRWHQWLDOO\IODPPDEOH
LIH[SRVHGWRILUH7DNHFDUHQRW
WRGDPDJHWKHFRROLQJFLUFXLW
SLSHVRIWKH
UHIULJHUDWRULQ
WUDQVSRUWDWLRQDQGLQXVH,Q
FDVHRIGDPDJHGRQRWH[SRVH
WKHUHIULJHUDWRUWRILUHRU
SRWHQWLDOLJQLWLRQVRXUFHVDQG
LPPHGLDWHO\YHQWLODWHWKHURRP
ZKHUHWKHUHIULJHUDWRULV
VLWXDWHG
,JQRUHWKLVZDUQLQJLI\RXU
UHIULJHUDWRUVFRROLQJV\VWHP
FRQWDLQV5D
3DJH
)RUDSSOLDQFHVZLWKDZDWHU
GLVSHQVHU'HSHQGVRQPRGHO
,QRUGHUWRRSHUDWHWKHZDWHU
FLUFXLWRIWKHDSSOLDQFHVPRRWKO\
WKHZDWHUPDLQVSUHVVXUHPXVW
EHEHWZHHQEDUV)RU
FRQGLWLRQVZKHUHZDWHUPDLQV
SUHVVXUHH[FHHGVEDUVD
SUHVVXUHUHJXODWRUVKRXOGEH
XVHG,IWKHZDWHUPDLQV
SUHVVXUHH[FHHGVEDUVWKHQ
WKHDSSOLDQFH¶VZDWHUFLUFXLW
VKRXOGQRWEHFRQQHFWHGWRWKH
ZDWHUPDLQV,I\RXODFNWKH
NQRZOHGJHRIKRZWRPHDVXUH
WKHZDWHUPDLQVSUHVVXUH
SOHDVHVHHNDSURIHVVLRQDO
VXSSRUW8VHGULQNLQJZDWHURQO\
8VHRQO\SRWDEOHZDWHU
7KHIURQWHGJHVRIWKH
DSSOLDQFHPD\IHHO
ZDUP7KLVLVQRUPDO
7KHVHDUHDVDUH
GHVLJQHGWREHZDUPLQ
RUGHUWRDYRLG
FRQGHQVDWLRQ
$GDPDJHGDSSOLDQFH
PXVWQRWEHRSHUDWHG
EHIRUHLWLVUHSDLUHG
7KHUHLVGDQJHURIDQ
HOHFWULFVKRFN
'()<GHFOLQHVWR
DFFHSWDQ\OLDELOLW\
VKRXOGWKHLQVWUXFWLRQV
QRWEHIROORZHG
3DJH
(QHUJ\VDYLQJWLSV
x
(QVXUH\RXUDSSOLDQFHLVLQVWDOOHGLQD
ZHOOYHQWLODWHGDUHD,IWKHDPELHQW
WHPSHUDWXUHLVORZEXWLQQRFDVHORZHU
WKDQ&WKHQWKHHQHUJ\VDYLQJZLOOEH
PRUH'RQRWLQVWDOO\RXUDSSOLDQFHXQGHU
GLUHFWVXQOLJKWRUQHDUKHDWHPLWWLQJ
DSSOLDQFHVVXFKDVRYHQVGLVKZDVKHUVRU
UDGLDWRUV.HHSIRRGLQFORVHGFRQWDLQHUV
x (QVXUHWKHWLPHEHWZHHQEX\LQJFKLOOHG
IUR]HQIRRGDQGSODFLQJLWLQWKHDSSOLDQFH
LVNHSWDWDPLQLPXPSDUWLFXODUO\LQ
VXPPHU8VHDFRROHUEDJRUDVSHFLDO
FDUULHUEDJWRFDUU\IUR]HQIRRG'RQRW
SXWKRWIRRGRUGULQNVLQWKHDSSOLDQFH
x 'RQRWOHDYHWKHGRRURIWKHDSSOLDQFH
RSHQIRUORQJDQGHQVXUHLWLVFORVHG
SURSHUO\DIWHUHDFKRSHQLQJ
x 'RQRWSXWKRWIRRGRUGULQNVLQ\RXU
DSSOLDQFH
x 'RQRWRYHUORDG\RXUDSSOLDQFH7KLV
UHVWULFWVHIIHFWLYHDLUFLUFXODWLRQLQWKH
DSSOLDQFH
x 3D\DWWHQWLRQWRNHHS\RXUIRRGLQFORVHG
FRQWDLQHUV
2ZQHU¶VUHVSRQVLELOLW\
'RQRWXVHHOHFWULFDODSSOLDQFHVLQVLGHWKH
IRRGVWRUDJHFRPSDUWPHQWVRIWKHDSSOLDQFH
XQOHVVWKH\KDYHEHHQUHFRPPHQGHGE\WKH
PDQXIDFWXUHU
6LQFHWKHIROORZLQJDUHQRWIDFWRU\IDXOWV
WKH\DUHWKHRZQHUVUHVSRQVLELOLW\
x 'DPDJHWRWKHH[WHULRUILQLVK
x %UHDNDJHRIJODVVDQGRWKHUFRPSRQHQWV
x 5HSODFHPHQWRIOLJKWEXOEV
x 'DPDJHFDXVHG WKURXJK LPSURSHU XVH RI
WKHDSSOLDQFH
x 'DPDJHFDXVHGE\PRYLQJWKHDSSOLDQFH
3DJH
7UDQVSRUWDWLRQLQVWUXFWLRQV
7KHDSSOLDQFHVKRXOGEHWUDQVSRUWHG
RQO\LQDYHUWLFDOXSULJKWSRVLWLRQ7KH
SDFNLQJDVVXSSOLHGPXVWEHLQWDFWGXULQJ
WUDQVSRUWDWLRQ
,IGXULQJWKHFRXUVHRIWUDQVSRUWLQJWKH
DSSOLDQFHKDVWREHWUDQVSRUWHG
KRUL]RQWDOO\LWPXVWRQO\EHODLGRQLWVULJKW
KDQGVLGHZKHQVWDQGLQJLQWKHIURQWRIWKH
DSSOLDQFH$IWHUEULQJLQJLWWRWKHXSULJKW
SRVLWLRQLWPXVWQRWEHRSHUDWHGIRUDW
OHDVWKRXUVWRDOORZWKHV\VWHPWRVHWWOH
)DLOXUHWRFRPSO\ZLWKWKHDERYH
LQVWUXFWLRQVFRXOGUHVXOWLQGDPDJH
RFFXUULQJWRWKHDSSOLDQFH7KH
PDQXIDFWXUHUZLOOQRWEHKHOGUHVSRQVLEOH
LIWKHVHLQVWUXFWLRQVDUHGLVUHJDUGHG
7KHDSSOLDQFHPXVWEHSURWHFWHG
DJDLQVWUDLQPRLVWXUHDQGRWKHU
DWPRVSKHULFLQIOXHQFHV
,PSRUWDQW0DNHVXUHWKHSODVWLF
HYDSRUDWLQJSDQDWWKHEDFNRIWKH
DSSOLDQFHFROOHFWVZDWHUSURSHUO\
,PSRUWDQW&DUHPXVWEHWDNHQZKLOH
FOHDQLQJFDUU\LQJWKHDSSOLDQFHWRDYRLG
WRXFKLQJWKHERWWRPRIWKHFRQGHQVHU
PHWDOZLUHVDWWKHEDFNRIWKHDSSOLDQFH
DV\RXPD\LQMXUH\RXUILQJHUVRUKDQGV
3ODFLQJDQG,QVWDOODWLRQ
:KHQUHWUDQVSRUWLQJ\RXUDSSOLDQFH
x <RXUDSSOLDQFHPXVWEHHPSWLHGDQG
FOHDQHGSULRUWRDQ\WUDQVSRUWDWLRQ
x 7KHDFFHVVRULHVLQ\RXUDSSOLDQFHPXVW
EHIDVWHQHGVHFXUHO\ZLWKDGKHVLYHWDSH
WRSURWHFWDJDLQVWDQ\MROWV
x 3DFNDJLQJPXVWEHWLHGZLWKWKLFNWDSH
DQGVWURQJURSHDQGWKHWUDQVSRUWDWLRQ
JXLGHOLQHVSULQWHGRQWKHSDFNDJHPXVW
EHIROORZHG
,PSRUWDQW7KLVDSSOLDQFHLVQRWGHVLJQHG
IRUVWDFNLQJZLWKDQ\RWKHUDSSOLDQFH
:KHQSRVLWLRQLQJ\RXUDSSOLDQFHWDNH
FDUHQRWWRGDPDJH\RXUIORRULQJSLSHV
ZDOOFRYHULQJVHWF
'RQRWPRYHWKHDSSOLDQFHE\SXOOLQJRQ
WKHGRRUKDQGOH
'RQRWDWWHPSWWRVLWRUVWDQGRQWRSRI
\RXUDSSOLDQFHDVLWLVQRWGHVLJQHGIRU
VXFKXVH<RXFRXOGLQMXUH\RXUVHOIRU
GDPDJHWKHDSSOLDQFH
,PSRUWDQW0DNHVXUHWKDWWKHPDLQV
FDEOHLVQRWFDXJKWXQGHUWKHDSSOLDQFH
GXULQJDQGDIWHUFDUU\LQJPRYLQJWKH
DSSOLDQFHWRDYRLGWKHPDLQVFDEOH
EHFRPLQJFXWRUGDPDJHG'RQRWDOORZ
FKLOGUHQWRSOD\ZLWKWKHDSSOLDQFHRU
WDPSHUZLWKWKHFRQWUROV'HI\GHFOLQHVWR
DFFHSWDQ\OLDELOLW\VKRXOGWKHLQVWUXFWLRQV
QRWEHIROORZHG
3DJH
,IWKHIORRULVFRYHUHGZLWKDFDUSHW\RXU
DSSOLDQFHPXVWEHHOHYDWHGPPIURPWKH
IORRU
,QVWDOODWLRQ,QVWUXFWLRQV
7KHVSDFHLQWKHURRPZKHUHWKH
DSSOLDQFHLVLQVWDOOHGPXVWQRWEHVPDOOHU
WKDQFXELFPHWUHV
,ISRVVLEOHDYRLGSODFLQJWKHDSSOLDQFH
QHDUFRRNHUVUDGLDWRUVRULQGLUHFWVXQOLJKW
DVWKLVZLOOFDXVHWKHFRPSUHVVRUWRUXQIRU
ORQJSHULRGV,ILQVWDOOHGQH[WWRDVRXUFHRI
KHDWRUUHIULJHUDWRUPDLQWDLQWKHIROORZLQJ
PLQLPXPVLGHFOHDUDQFHV
)URP&RRNHUVPP
)URP5DGLDWRUVPP
)URP5HIULJHUDWRUVRU)UHH]HUVPP
0DNHVXUHWKDWVXIILFLHQWURRPLVSURYLGHG
DURXQGWKHDSSOLDQFHWRHQVXUHIUHHDLU
FLUFXODWLRQ$OORZDPLQLPXPRIPP
EHWZHHQWKHWRSRIWKHDSSOLDQFHDQG
WKHFHLOLQJRUWKHXQGHUVLGHRIDZDOO
FXSERDUG
)LWWKHWZRSODVWLFZDOOVSDFHUVVXSSOLHG
RQWRWKHFRQGHQVHUDWWKHEDFNRIWKH
DSSOLDQFHE\URWDWLQJWKHPWXUQ
$VSHFLDOUHFHSWDFOHLVVXSSOLHGWRVWRUH
WKHPDLQVSOXJGXULQJWUDQVLW7KHUHFHSWDFOH
LVIL[HGDWWKHEDFNRIWKHFDELQHWRQWKH
ULJKWKDQGVLGHRIWKHFRPSUHVVRU6HH
GLDJUDP*HQWO\UHPRYHWKHSOXJIURPWKH
UHFHSWDFOH
1HYHUSXOOWKHPDLQVFRUG\RXPD\GDPDJH
WKHDSSOLDQFH
,QWKHFDVHRIWUDQVSRUWDWLRQHQVXUH\RX
ORFDWHWKHSOXJLQWKHUHFHSWDFOHSURYLGHGWR
DYRLGWUDQVLWGDPDJH
7KHDSSOLDQFHVKRXOGEHORFDWHGRQD
VPRRWKVXUIDFH7KHWZRIURQWIHHWFDQEH
DGMXVWHGDVUHTXLUHG7RHQVXUHWKDW\RXU
DSSOLDQFHLVVWDQGLQJXSULJKWDGMXVWWKHWZR
IURQWIHHWE\WXUQLQJFORFNZLVHRUDQWL
FORFNZLVHXQWLOWKHDSSOLDQFHLVLQILUP
FRQWDFWZLWKWKHIORRU&RUUHFWDGMXVWPHQWRI
IHHWDYRLGVH[FHVVLYHYLEUDWLRQDQGQRLVH
5HIHUWR³&OHDQLQJDQG&DUH´VHFWLRQWR
SUHSDUH\RXUDSSOLDQFHIRUXVH
7KHDSSOLDQFHPXVWEHSURWHFWHGDJDLQVW
UDLQPRLVWXUHDQGRWKHUDWPRVSKHULF
LQIOXHQFHV
3DJH
3UHSDUDWLRQ
<RXUUHIULJHUDWRUVKRXOGEHLQVWDOOHGDWOHDVW
PPDZD\IURPKHDWVRXUFHVVXFKDV
KREVRYHQVFHQWUDOKHDWHUDQGVWRYHVDQG
DWOHDVWPPDZD\IURPHOHFWULFDORYHQV
DQGVKRXOGQRWEHORFDWHGXQGHUGLUHFW
VXQOLJKW
3OHDVHPDNHVXUHWKDWWKHLQWHULRURI\RXU
UHIULJHUDWRULVFOHDQHGWKRURXJKO\
,IWZRFRROHUVDUHWREHLQVWDOOHGVLGHE\
VLGHWKHUHVKRXOGEHDWOHDVWPP
GLVWDQFHEHWZHHQWKHP
:KHQ\RXRSHUDWH\RXUUHIULJHUDWRUIRUWKH
ILUVWWLPHSOHDVHREVHUYHWKHIROORZLQJ
LQVWUXFWLRQVGXULQJWKHLQLWLDOVL[KRXUV
,WVGRRUVKRXOGQRWEHRSHQHGIUHTXHQWO\
,WPXVWEHRSHUDWHGHPSW\ZLWKRXWSODFLQJ
DQ\IRRGLQLW
'RQRWXQSOXJ\RXUFRROHU
7KLVUHIULJHUDWRUKDVEHHQGHVLJQHGWR
IXQFWLRQDWDPELHQWWHPSHUDWXUHVXSWR&
6'JU))RUWKHILUVWLQVWDOODWLRQWKH
UHIULJHUDWRUVKRXOG127EHSODFHGXQGHUORZ
DPELHQWWHPSHUDWXUHV:KHQUHDFKLQJ
FRQWLQXRXVRSHUDWLRQWKHUHIULJHUDWRUFDQEH
PRYHGWRDQRWKHUDUHD
,IWKHDPELHQWWHPSHUDWXUHLVEHORZ&
WKHIRRGLQWKHIULGJHZLOOIUHH]H
3DJH
$GMXVWLQJWKHIHHW
7KHDSSOLDQFHPD\PRYHLIWKHDGMXVWDEOH
OHJVDUHQRWSURSHUO\OHYHOOHGRQWKHIORRU
/HYHOOLQJWKHDGMXVWDEOHOHJVRQWKHIORRU
/HYHO\RXUDSSOLDQFHE\WXUQLQJWKHIURQWOHJV
DVVKRZQLQWKHLOOXVWUDWLRQEHORZ
7KHFRUQHUZKHUHWKHOHJVDUHLVORZHUHG
ZKHQWKHOHJLVWXUQHGLQWKHGLUHFWLRQRIWKH
EODFNDUURZDQGUDLVHGZKHQWXUQHGLQWKH
RSSRVLWHGLUHFWLRQ
+DYLQJVRPHRQHWRFDUHIXOO\DVVLVWLQWLOWLQJ
WKHDSSOLDQFHVOLJKWO\ZLOOKHOSIDFLOLWDWHWKLV
SURFHVV
&KDQJLQJWKHLOOXPLQDWLRQODPS
7RFKDQJHWKH%XOE/('XVHGIRU
LOOXPLQDWLRQRI\RXUUHIULJHUDWRUFDOO\RXU
$XWKRUL]HG6HUYLFH
'RRU2SHQ:DUQLQJ'HSHQGVRQPRGHO
$QDXGLRZDUQLQJVLJQDOZLOOEHJLYHQ
ZKHQWKHGRRURI\RXUSURGXFWLVOHIW
RSHQIRUDWOHDVWPLQXWH7KLVZDUQLQJ
ZLOOEHPXWHGZKHQWKHGRRULVFORVHG
RUDQ\RIWKHGLVSOD\EXWWRQVLIDQ\DUH
SUHVVHG
3DJH
8VLQJ\RXU5HIULJHUDWRU
2Q2II,QGLFDWRU
7KLVLFRQFRPHVRQZKHQWKHIULGJHLV
WXUQHGRII$OOWKHRWKHULFRQVWXUQRII
(FRQRPLF8VDJH,QGLFDWRU
7KLVLFRQFRPHVRQZKHQWKH)ULGJH
&RPSDUWPHQWLVVHWWR&ZKLFKLVWKHPRVW
HFRQRPLFDOVHWYDOXH7KH(FRQRPLFXVDJH
,QGLFDWRUWXUQVRIIZKHQWKH4XLFN)ULGJH
IXQFWLRQLVVHOHFWHG
)ULGJH&RPSDUWPHQW7HPSHUDWXUH
6HWWLQJ,QGLFDWRU
,QGLFDWHVWKHWHPSHUDWXUHVHWIRUWKHIULGJH
&RPSDUWPHQW
3RZHUIDLOXUH+LJKWHPSHUDWXUHHUURU
ZDUQLQJLQGLFDWRU
7KLVOLJKW
LOOXPLQDWHVGXULQJSRZHU
IDLOXUHVKLJKWHPSHUDWXUHIDLOXUHVDQGHUURU
ZDUQLQJV'XULQJVXVWDLQHGSRZHUIDLOXUHV
WKHKLJKHVWWHPSHUDWXUHWKDWWKHIULGJH
UHDFKHVZLOOIODVKRQWKHGLJLWDOGLVSOD\
9DFDWLRQ,QGLFDWRU
7KLVLFRQOLJKWVXSZKHQWKH9DFDWLRQ
IXQFWLRQLVDFWLYH
.H\/RFN,QGLFDWRU
7KLVLFRQOLJKWVXSZKHQWKH.H\
/RFNPRGHLVDFWLYDWHG
,PSRUWDQW
:KHQ\RXDGMXVWWKHVHWWHPSHUDWXUHWKHUHPD\EHDVKRUWGHOD\EHIRUHWKH
FRPSUHVVRUVWDUWVWRRSHUDWH7KLVLVQRUPDODQGQRWDFRPSUHVVRUIDXOW
,QGLFDWRUSDQHO
3DJH
.H\/RFN0RGH
3UHVVWKH.H\/RFNEXWWRQ
FRQWLQXRXVO\IRUVHFRQGV7KH.H\ORFN
LFRQZLOOOLJKWXSDQG.H\/RFNPRGHZLOOEH
DFWLYDWHG%XWWRQVZLOOQRWIXQFWLRQLIWKH.H\
/RFNPRGHLVDFWLYH3UHVVWKH.H\/RFN
EXWWRQDJDLQFRQWLQXRXVO\IRUVHFRQGV7KH
.H\/RFNLFRQZLOOWXUQRIIDQGWKH.H\/RFN
PRGHZLOOH[LW
9DFDWLRQ)XQFWLRQ
:KHQ\RXSUHVVWKH9DFDWLRQEXWWRQWKH
9DFDWLRQIXQFWLRQLVDFWLYDWHGDQGWKH
9DFDWLRQLQGLFDWRUOLJKWVXS<RXFDQXVHWKLV
IXQFWLRQZKHQ\RXZLOOQRWXVH\RXIULGJHIRU
DORQJWLPH1RWHWKDWWKHUHVKRXOGQRWEH
IRRGLQVLGH\RXUIULGJHDVWKHIULGJHFDQQRW
SUHVHUYHIRRGLQWKH9DFDWLRQPRGH,IWKLV
IXQFWLRQLVDFWLYDWHGWKHIULGJHFRPSDUWPHQW
WHPSHUDWXUHLVNHSWDW&LQRUGHUWR
SUHYHQWEDGRGRXUV3UHVVWKHYDFDWLRQ
EXWWRQDJDLQWRGHDFWLYDWHWKH9DFDWLRQ
IXQFWLRQ
)ULGJH6HW)XQFWLRQ
7KLVIXQFWLRQDOORZV\RXWRDGMXVWWKH
)ULGJHFRPSDUWPHQWWHPSHUDWXUHVHWWLQJ
3UHVVWKLVEXWWRQWRVHWWKHWHPSHUDWXUHRI
WKHIULGJHFRPSDUWPHQWWRDQG
UHVSHFWLYHO\
4XLFN)ULGJH)XQFWLRQ
7KH4XLFN)ULGJHLQGLFDWRUWXUQVRQ
ZKHQWKH4XLFN)ULGJHIXQFWLRQLVRQ3UHVV
WKH4XLFN)ULGJHEXWWRQDJDLQWRFDQFHOWKLV
IXQFWLRQ7KH4XLFN)ULGJHLQGLFDWRUZLOOWXUQ
RIIDQGQRUPDOVHWWLQJVZLOOEHUHVXPHG
7KH4XLFN)ULGJHIXQFWLRQZLOOEHFDQFHOOHG
DXWRPDWLFDOO\KRXUODWHULI\RXGRQRW
FDQFHOLWPDQXDOO\,I\RXZDQWWRFRROD
ODUJHDPRXQWRIIUHVKIRRGSUHVVWKH4XLFN
)ULGJHEXWWRQEHIRUHSODFLQJIRRGLQWRWKH
IULGJHFRPSDUWPHQW
2Q2II)XQFWLRQ
7KLVIXQFWLRQDOORZV\RXWRWXUQWKH
IULGJHRIIZKHQSUHVVHGIRUVHFRQGV7KH
IULGJHPD\EHWXUQHGRQDJDLQE\SUHVVLQJ
WKH2Q2IIEXWWRQIRUVHFRQGV
(QHUJ\6DYLQJ,QGLFDWRU
,IWKHIULGJHGRRULVNHSWFORVHGIRUDORQJ
WLPHWKHQWKHHQHUJ\VDYLQJIXQFWLRQLV
DXWRPDWLFDOO\DFWLYDWHGDQGWKHHQHUJ\
VDYLQJV\PEROLVLOOXPLQDWHG
:KHQWKHHQHUJ\VDYLQJIXQFWLRQLV
DFWLYDWHGDOOV\PEROVRQWKHGLVSOD\RWKHU
WKDQWKHHQHUJ\VDYLQJV\PEROZLOOWXUQRII
:KHQWKH(QHUJ\6DYLQJIXQFWLRQLV
DFWLYDWHGLIDQ\EXWWRQLVSUHVVHGRUWKHGRRU
LVRSHQHGWKHQWKHHQHUJ\VDYLQJIXQFWLRQ
ZLOOEHFDQFHOOHGDQGWKHV\PEROVRQWKH
GLVSOD\ZLOOUHWXUQWRQRUPDO
7KHHQHUJ\VDYLQJIXQFWLRQLVDFWLYDWHGDW
WKHIDFWRU\DQGFDQQRWEHFDQFHOOHG
4XLFN)ULGJH,QGLFDWRU
7KLVLFRQFRPHVRQZKHQWKH4XLFN
)ULGJHIXQFWLRQLVRQ
3DJH
3ODFLQJIRRGV
(JJKROGHU (JJV
)ULGJH
FRPSDUWPHQW
VKHOYHV
)RRGLQSDQVFRYHUHG
SODWHVDQGFORVHG
FRQWDLQHUV
)ULGJH
FRPSDUWPHQWGRRU
VKHOYHV
6PDOODQGSDFNDJHG
IRRGRUGULQNVVXFKDV
PLONDQGIUXLWMXLFH
'HOLFDWHVVHQSURGXFWV
&ULVSHU 9HJHWDEOHVDQGIUXLWV
)RRGVWRUDJH
7KHIULGJHFRPSDUWPHQWLVIRUWKHVKRUW
WHUPVWRUDJHRIIUHVKIRRGDQGGULQNV
6WRUHPLONSURGXFWVLQWKHLQWHQGHG
FRPSDUWPHQWLQWKHFRROHU
%RWWOHVFDQEHVWRUHGLQWKHERWWOHKROGHURU
LQWKHERWWOHVKHOIRIWKHGRRU5DZPHDWLV
EHVWNHSWLQDSRO\HWK\OHQHEDJLQWKH
FRPSDUWPHQWDWWKHYHU\ERWWRPRIWKH
FRROHU
$OORZKRWIRRGVDQGEHYHUDJHVWRFRROWR
URRPWHPSHUDWXUHSULRUWRSODFLQJWKHPLQ
WKHFRROHU
$WWHQWLRQ
6WRUHFRQFHQWUDWHGDOFRKRORQO\VWDQGLQJ
XSULJKWDQGWLJKWO\FORVHG
$WWHQWLRQ
'RQRWVWRUHH[SORVLYHVXEVWDQFHVRU
FRQWDLQHUVZLWKIODPPDEOHSURSHOODQWJDVHV
FDQQHGFUHDPVSUD\FDQVHWFLQWKH
GHYLFH7KHUHLVDGDQJHURIH[SORVLRQ
'HIURVWLQJWKHDSSOLDQFH
7KHDSSOLDQFHGHIURVWVDXWRPDWLFDOO\
3DJH
0DLQWHQDQFHDQG&OHDQLQJ
$OZD\VGLVFRQQHFWWKHSOXJIURPWKH
PDLQVVRFNHWEHIRUHFOHDQLQJ
1HYHUXVHDQ\VKDUSLQVWUXPHQWVRU
DEUDVLYHVXEVWDQFHVVRDSKRXVHKROG
FOHDQHUGHWHUJHQWRUZD[SROLVKIRUFOHDQLQJ
8VHOXNHZDUPZDWHUWRFOHDQWKHFDELQHW
RIWKHDSSOLDQFHDQGZLSHLWGU\
8VHDGDPSFORWKZUXQJRXWLQDVROXWLRQ
RIRQHWHDVSRRQRIELFDUERQDWHRIVRGDWR
WZROLWUHVRIZDWHUWRFOHDQWKHLQWHULRUDQG
ZLSHLWGU\ZLWKDVRIWFORWK
0DNHVXUHWKDWQRZDWHUHQWHUVWKHODPS
KRXVLQJDQGRWKHUHOHFWULFDOLWHPV
,IWKHDSSOLDQFHLVQRWJRLQJWREHXVHGIRU
DORQJSHULRGRIWLPHVZLWFKLWRIIDQGXQSOXJ
WKHSRZHUFDEOHUHPRYHDOOIRRGFOHDQLW
DQGOHDYHWKHGRRUDMDU
&KHFNGRRUVHDOVUHJXODUO\WRHQVXUHWKH\
DUHFOHDQDQGIUHHIURPIRRGSDUWLFOHV
1HYHU
&OHDQWKHDSSOLDQFHZLWKXQVXLWDEOH
PDWHULDOHJSHWUROHXPEDVHGDSSOLDQFHV
6XEMHFWLWWRKLJKWHPSHUDWXUHVLQDQ\ZD\
6FRXUUXEHWFZLWKDEUDVLYHPDWHULDO
6SLOODJHVHVSHFLDOO\FLWULFDQGDFLGLF
MXLFHVPXVWEHZLSHGXSLPPHGLDWHO\DV
WKH\FRXOGVWDLQWKHLQWHULRURIWKHDSSOLDQFH
6KHOYHVDQGIUHH]HUEDVNHWVZKHUHILWWHG
PD\EHUHPRYHGIRUFOHDQLQJSXUSRVHV
3URWHFWLRQRISODVWLFVXUIDFHV
'RQRWSODFHOLTXLGRLOVRURLOFRRNHGPHDOVLQ
\RXUDSSOLDQFHLQXQVHDOHGFRQWDLQHUVDV
WKH\PD\GDPDJHWKHSODVWLFVXUIDFHV
,QFDVHRIVSLOOLQJRUVPHDULQJRLORQWKH
SODVWLFVXUIDFHVFOHDQDQGULQVHWKHUHOHYDQW
SDUWRIWKHVXUIDFHDWRQFHZLWKZDUPZDWHU
:DUQLQJ'RQRWGDPDJHWKH
UHIULJHUDQWFLUFXLW'RQRWXVH
HOHFWULFDODSSOLDQFHVLQVLGHWKHIRRG
VWRUDJHFRPSDUWPHQWVRIWKH
DSSOLDQFHXQOHVVWKH\KDYHEHHQ
UHFRPPHQGHGE\WKH
PDQXIDFWXUHU
:DUQLQJ5HSDLUVPXVWEHFDUULHG
RXWE\DXWKRULVHGSHUVRQVRQO\
5HSDLUVFDUULHGRXWE\LQFRPSHWHQW
SHUVRQVFUHDWHDXVHUULVN
3DJH
7URXEOH6KRRWLQJ
6\PSWRP &KHFN
7KHDSSOLDQFHGRHVQRW
RSHUDWH
0DNHVXUHWKHDSSOLDQFHSOXJLVVHFXUHO\SOXJJHGLQ
&KHFNIRUDEORZQIXVHRUWULSSHGFLUFXLWEUHDNHU
7HVWWKHZDOOVRFNHWIRUSRZHUXVLQJDQRWKHUDSSOLDQFH
,QVSHFWWKHHOHFWULFDOFRUGIRUGDPDJH
(OLPLQDWHWKHXVHRIDQH[WHQVLRQFRUGLIDQ\LVEHLQJXVHG
&RQGHQVDWLRQRQWKHVLGH
ZDOORIWKHIULGJH
FRPSDUWPHQW
9HU\FROGDPELHQWFRQGLWLRQV)UHTXHQWRSHQLQJDQGFORVLQJRI
WKH GRRU +LJKO\ KXPLG DPELHQW FRQGLWLRQV 6WRUDJH RI IRRG
FRQWDLQLQJ OLTXLG LQ RSHQ FRQWDLQHUV /HDYLQJ WKH GRRU DMDU
6ZLWFKLQJWKHWKHUPRVWDWWRDFROGHUGHJUHH
'HFUHDVLQJWKHDPRXQWRIWLPHWKHGRRULVOHIWRSHQRUXVLQJLW
OHVVIUHTXHQWO\
&RYHULQJ WKH IRRG VWRUHG LQ RSHQ FRQWDLQHUV ZLWK D VXLWDEOH
PDWHULDO
:LSHWKHFRQGHQVDWLRQXVLQJDGU\FORWKDQGFKHFNLILWSHUVLVWV
&RPSUHVVRULVQRW
UXQQLQJ
7KH SURWHFWLYH WKHUPDO UHOD\ RI WKH FRPSUHVVRU ZLOO EORZ RXW
GXULQJ VXGGHQ SRZHU IDLOXUHV RU SOXJRXWV DQG SOXJLQV DV WKH
UHIULJHUDQW SUHVVXUH LQ WKH FRROLQJ V\VWHP RI WKH DSSOLDQFH KDV
QRW \HW EHHQ EDODQFHG <RXU DSSOLDQFH ZLOO VWDUW UXQQLQJ
DSSUR[LPDWHO\DIWHUPLQXWHV3OHDVHFDOODVHUYLFHFHQWUHLIWKH
DSSOLDQFHGRHVQRWVWDUWXSDWWKHHQGRIWKLVSHULRG
7KH DSSOLDQFH LV LQ GHIURVW F\FOH 7KLV LV QRUPDO IRU DQ
DXWRPDWLF GHIURVWLQJ DSSOLDQFH 7KH GHIURVWLQJ F\FOH RFFXUV
SHULRGLFDOO\
<RXUDSSOLDQFHLVQRW SOXJJHG LQWR WKHZDOOVRFNHW0DNHVXUH
WKDWWKHSOXJLVSURSHUO\ILWWHGLQWRWKHZDOOVRFNHW
+DYHWKHWHPSHUDWXUHDGMXVWPHQWVEHHQFRUUHFWO\PDGH"
3RZHUPLJKWEHFXWRII
&RQGHQVDWLRQRQWKH
LQQHUZDOOVRIDSSOLDQFH
+RWDQGKXPLGZHDWKHULQFUHDVHVLFLQJDQGFRQGHQVDWLRQ,WLV
QRUPDODQGQRWDIDXOW
'RRUVPLJKWKDYHEHHQOHIWDMDUHQVXUHWKHGRRUVDUHIXOO\
FORVHG
'RRUVPLJKWKDYHEHHQRSHQHGIUHTXHQWO\RUOHIWDMDUIRUDORQJ
WLPHRSHQWKHPOHVVIUHTXHQWO\
3OHDVHUHYLHZWKLVOLVWEHIRUHFDOOLQJDVHUYLFHFHQWUH,WFRXOGVDYH\RXWLPHDQGPRQH\7KLV
OLVWLQFOXGHVIUHTXHQWFRPSODLQWVWKDWGRQRWDULVHIURPGHIHFWLYHZRUNPDQVKLSRUPDWHULDO
XVDJH6RPHRIWKHIHDWXUHVGHVFULEHGKHUHPD\QRWDSSO\WR\RXUPRGHO
/