YLHZDODUPVHWWLQJV
3UHVV$/$507KHDODUP7LPHDQG
DSSHDU
VHWWLQJWKHDODUP
3UHVV$/$50WRVZLWFKWRDODUPPRGH
3UHVVDQGKROG$/$50IRUVHFRQGV7KHKRXUGLJLW
EOLQNV
3UHVV$/$50DJDLQWRVHOHFWPLQXWH3UHVVRUWR FKDQJHVHWWLQJV3UHVV$/$50WRFRQÀUP
DFWLYDWLQJWKHDODUP
3UHVVWKHEHOONH\DWWKHEDFNRIWKHZHDWKHUVWDWLRQWR DFWLYDWHRUGHDFWLYDWHWKHDODUP$EHOOLFRQDSSHDUVLQ
WKHFORFNDODUPDUHDZKHQWKHDODUPLVDFWLYDWHG
VLOHQFLQJWKHDODUP
:KHQWKHDODUPVRXQGVLWZLOOFRQWLQXHWRVRXQGIRU WZRPLQXWHVZKLOHWKHEHOOLFRQEOLQNV7KHQLWZLOO VRXQGDJDLQDIWHUHLJKWPLQXWHVLI\RXGRQRWSUHVV DQ\EXWWRQV
3UHVV61=WRVQRR]H7KHEHOOZLOOEOLQNDQGWKH
DODUPZLOOVRXQGDJDLQDIWHUHLJKWPLQXWHV
3UHVVWKHEHOONH\RQWKHEDFNRIWKHZHDWKHUVWDWLRQ WRWXUQWKHDODUPRII
3UHVVDQ\EXWWRQRQWKHZHDWKHUVWDWLRQH[FHSWIRU 61=RUWKHORFNEXWWRQWRVLOHQFHWKHDODUPIRU
KRXUV
VHWWLQJWKHFORFN
3UHVVDQGKROG02'(IRUVHFRQGV7KHWLPH]RQH
RSWLRQEOLQNV
3UHVV02'(UHSHDWHGO\WRVHOHFWWKHWLPH]RQHKRXU PLQXWH\HDUPRQWKGD\DQGODQJXDJH3UHVVRU WRFKDQJHWKHVHWWLQJ3UHVV02'(WRFRQÀUP
/DQJXDJHRSWLRQVDUH((QJOLVK'*HUPDQ) )UHQFK,,WDOLDQDQG66SDQLVK
7LPH]RQHRSWLRQVDUH3$3DFLÀF7LPH02 0RXQWDLQ7LPH&(&HQWUDO7LPHDQG($(DVWHUQ 7LPH
<RXU:HDWKHU6WDWLRQFDQGLVSOD\FXUUHQWPLQLPXP
DQGPD[LPXPWHPSHUDWXUHVDQGKXPLGLW\SHUFHQWDJH LQIRUPDWLRQ
VHOHFWWHPSHUDWXUHXQLW
5HPRYHWKHEDWWHU\FRPSDUWPHQWFRYHUDQGVOLGHWKH &)VZLWFKLQWRWKHGHVLUHGORFDWLRQ
PLQLPXPDQGPD[LPXPUHFRUGV
3UHVV0(0WRWRJJOHEHWZHHQFXUUHQWPD[LPXP 0$;DQGPLQLPXP0,1UHFRUGV7RFOHDUWKH UHFRUGVSUHVVDQGKROG0(0IRUVHFRQGV$EHHS ZLOOVRXQGWRFRQÀUPWKDWWKHPHPRU\KDVEHHQ
EDFNOLJKW
3UHVV61=WRDFWLYDWHWKHEDFNOLJKWIRUVHFRQGV
NH\ORFN
/RFNWKHEXWWRQVWRDYRLGDFFLGHQWDOFKDQJHV3UHVV DQGKROG/2&.IRUWZRVHFRQGVXQWLOWKHORFNLFRQ DSSHDUVRQWKH/&'5HSHDWWRXQORFNEXWWRQV
EHOWFOLSRUWDEOHVWDQG
<RXFDQZHDUWKHEHOWFOLSRQ \RXUEHOWRUXVHLWDVDVWDQG
%HOW&OLS
7RXVHWKHEHOWFOLSDVDVWDQG UHPRYHWKHEHOWFOLSIURPWKH EDFNRIWKHPRQLWRU,QVHUWWKH OHIWRUULJKWVLGHRIWKHFOLSLQWR WKHORZHUSDUWRIWKHVORW7KHQ
.HHS\RXUZHDWKHUVWDWLRQGU\LILWJHWVZHWZLSHLW GU\LPPHGLDWHO\8VHDQGVWRUH\RXUZHDWKHUVWDWLRQ RQO\LQURRPWHPSHUDWXUHHQYLURQPHQWV+DQGOH\RXU ZHDWKHUVWDWLRQFDUHIXOO\GRQRWGURSLW.HHS\RXU ZHDWKHUVWDWLRQDZD\IURPGXVWDQGGLUWDQGZLSH LWZLWKDGDPSFORWKRFFDVLRQDOO\WRNHHSLWORRNLQJ QHZ
:KHQWKHVRXQGEHFRPHVZHDNRUGLVWRUWHGWKH
GLVSOD\GLPVRUWKHZHDWKHUVWDWLRQVWRSVRSHUDWLQJ SURSHUO\UHSODFHWKHEDWWHULHV,IWKHZHDWKHUVWDWLRQ FRQWLQXHVWRRSHUDWHLPSURSHUO\FRQVXOW\RXUORFDO 5DGLR6KDFNVWRUH
,IWKHZHDWKHUVWDWLRQVWRSVRSHUDWLQJSURSHUO\\RX PLJKWQHHGWRUHVHWLW3UHVVWKH5(6(7EXWWRQLQVLGH
RIWKHEDWWHU\FRPSDUWPHQW
7KLVHTXLSPHQWKDVEHHQWHVWHGDQGIRXQGWRFRPSO\ZLWKWKHOLPLWVIRUD&ODVV %GLJLWDOGHYLFHSXUVXDQWWR3DUWRIWKH)&&5XOHV7KHVHOLPLWVDUHGHVLJQHG
WRSURYLGHUHDVRQDEOHSURWHFWLRQDJDLQVWKDUPIXOLQWHUIHUHQFHLQDUHVLGHQWLDO LQVWDOODWLRQ7KLVHTXLSPHQWJHQHUDWHVXVHVDQGFDQUDGLDWHUDGLRIUHTXHQF\ HQHUJ\DQGLIQRWLQVWDOOHGDQGXVHGLQDFFRUGDQFHZLWKWKHLQVWUXFWLRQVPD\FDXVH
7KHEOLQNLQJEHOOLFRQPHDQVWKHDODUPZLOO
VRXQGDJDLQDIWHUHLJKWPLQXWHV
FOHDUHG
<RXU:HDWKHU6WDWLRQWUDFNVEDURPHWULFSUHVVXUH FKDQJHVRYHUDKRXUSHULRGWRSURYLGHWKHZHDWKHU
IRUHFDVWDQGDWUHQGOLQHVKRZLQJWKHGLUHFWLRQRI EDURPHWULFFKDQJH
VQDSWKHRWKHUVLGHRIWKHFOLS LQWRWKHRWKHUORZHUVORW
VSHFLÀFDWLRQV
7HPSHUDWXUH
KDUPIXOLQWHUIHUHQFHWRUDGLRFRPPXQLFDWLRQV+RZHYHUWKHUHLVQRJXDUDQWHHWKDW LQWHUIHUHQFHZLOOQRWRFFXULQDSDUWLFXODULQVWDOODWLRQ,IWKLVHTXLSPHQWGRHVFDXVH KDUPIXOLQWHUIHUHQFHWRUDGLRRUWHOHYLVLRQUHFHSWLRQZKLFKFDQEHGHWHUPLQHG E\WXUQLQJWKHHTXLSPHQWRIIDQGRQWKHXVHULVHQFRXUDJHGWRWU\WRFRUUHFWWKH
LQWHUIHUHQFHE\RQHRUPRUHRIWKHIROORZLQJPHDVXUHV
5HRULHQWRUUHORFDWHWKHUHFHLYLQJDQWHQQD
,QFUHDVHWKHVHSDUDWLRQEHWZHHQWKHHTXLSPHQWDQGUHFHLYHU
&RQQHFWWKHHTXLSPHQWLQWRDQRXWOHWRQDFLUFXLWGLIIHUHQWIURPWKDWWRZKLFKWKH
UHFHLYHULVFRQQHFWHG
<RXU:HDWKHU6WDWLRQIRUHFDVWVWKHQH[WWRKRXUV RIZHDWKHUZLWKLQDWRNPPLOHUDGLXV ZLWKWRSHUFHQWDFFXUDF\7KHZHDWKHUIRUHFDVWLV DOZD\VGLVSOD\HG
| &OHDU | 3DUWO\ | &ORXG\ | 5DLQ\ | 6HYHUH |
| &ORXG\ | :HDWKHU |
| | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
6XJJHVWHGRSHUDWLQJWHPSHUDWXUHIRUD 127( PRUHDFFXUDWHZHDWKHUIRUHFDVW&WR
&)WR)
ÁDVKHVZKHQZHDWKHULVVHYHUH
$FWXDOSURGXFWPD\YDU\IURPWKHLPDJHV
127( IRXQGLQWKLVGRFXPHQW
EDURPHWULFWUHQG
5LVLQJ
6WHDG\
)DOOLQJ
6HWWKHFDOHQGDU
3UHVVRUWRYLHZWKHPRRQSKDVHIRUWKHQH[WRU SUHYLRXVGD\3UHVVDQGKROGRUWRVFDQTXLFNO\ WKURXJKWKH\HDUVWR
| 1HZPRRQ | | )XOOPRRQ |
| | | |
| :D[LQJFUHVFHQW | | :DQLQJJLEERXV |
| | | |
| )LUVWTXDUWHU | | /DVWTXDUWHU |
| :D[LQJJLEERXV | | :DQLQJFUHVFHQW |
| | | |
| 8QLW | &) |
| 7HPSHUDWXUH | &WR& |
| 5DQJH | )WR) |
| 5HVROXWLRQ | &) |
| 5HODWLYH+XPLGLW\ | |
| 5DQJH | WR |
| | |
| 5HVROXWLRQ | |
| | |
| &ORFN | |
| &ORFNGLVSOD\ | ++0066RUZHHNGD\LQ |
| ODQJXDJHV('),6 |
| |
| +RXUIRUPDW | KU$030 |
| 7LPH]RQH | 3$3DFLÀF020RXQWDLQ |
| &(&HQWUDODQG($(DVWHUQ |
| |
| &DOHQGDU | 00'' |
| $ODUP | PLQXWHDODUP |
| | |
| 3RZHU | |
| | |
| 0DLQXQLW | [&5/LWKLXPEDWWHULHV |
| EDWWHULHV |
| |
&RQVXOW\RXUORFDO5DGLR6KDFNVWRUHRUDQH[SHULHQFHGUDGLR79WHFKQLFLDQIRUKHOS ,I\RXFDQQRWHOLPLQDWHWKHLQWHUIHUHQFHWKH)&&UHTXLUHVWKDW\RXVWRSXVLQJ\RXU SKRQH&KDQJHVRUPRGLÀFDWLRQVQRWH[SUHVVO\DSSURYHGE\5DGLR6KDFNPD\FDXVH
LQWHUIHUHQFHDQGYRLGWKHXVHU·VDXWKRULW\WRRSHUDWHWKHHTXLSPHQW
7KLVGHYLFHFRPSOLHVZLWK3DUWRIWKH)&&5XOHV2SHUDWLRQLVVXEMHFWWRWKH IROORZLQJWZRFRQGLWLRQV7KLVGHYLFHPD\QRWFDXVHKDUPIXOLQWHUIHUHQFHDQG 7KLVGHYLFHPXVWDFFHSWDQ\LQWHUIHUHQFHUHFHLYHGLQFOXGLQJLQWHUIHUHQFHWKDW
PD\FDXVHXQGHVLUHGRSHUDWLRQ
7KLVSURGXFWLVZDUUDQWHGE\5DGLR6KDFNDJDLQVWPDQXIDFWXULQJGHIHFWVLQPDWHULDO DQGZRUNPDQVKLSXQGHUQRUPDOXVHIRURQH\HDUIURPWKHGDWHRISXUFKDVHIURP 5DGLR6KDFNFRPSDQ\RZQHGVWRUHVDQGDXWKRUL]HG5DGLR6KDFNIUDQFKLVHHVDQGGHDOHUV )RUFRPSOHWHZDUUDQW\GHWDLOVDQGH[FOXVLRQVFKHFNZLWK\RXUORFDO5DGLR6KDFNVWRUH
5DGLR6KDFN&XVWRPHU5HODWLRQV
7D\ORU6WUHHWWK)ORRU)RUW:RUWK7;
5DGLR6KDFN&RUSRUDWLRQ
$OOULJKWVUHVHUYHG5DGLR6KDFNDQG
5DGLR6KDFNFRPDUHWUDGHPDUNV$
XVHGE\5DGLR6KDFN&RUSRUDWLRQ 3ULQWHGLQ&KLQD