*RRJOH 7UDQVODWH
KWWSWUDQVODWHJRRJOHFRPWUDQVODWH"SUHYKSKOHQMV\XKWWS
6&5.<#JPDLOFRP_ 6&5.<#JPDLOFRP _+HOS +HOS_ _0 0 !
0LQDUSGIYLHZV
6DYH _ 6KDUH _ (PEHG _ LQIR _ 3ULQW +RPH _ )HHGEDFN _ =RKR+RPH
pd f Machine M achine Is a pdf w riter that produces quality quality PDF files with ease! Produce quality PDF files in seconds and preserve p reserve the integrity of your original documents. Compatible across nearly all Windows platforms, if you can print from a windows application you can use pdfMachine. Get yours now!
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
08/7,63(('02725FP
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
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
,QVWDOOLQJWKHVHDORIWKHODZ ,QVWDOOLQJHPELHODGRJHDUVDQGEDODQFHVKDIW &OXWFK,QVWDOODWLRQ $GMXVWLQJWKHFOXWFKOHYHU2UGHU
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
%LNHVODXQFKHUV\VWHPLQVWDOODWLRQGHSHQGLQJRQPRGHODQGWRSRI FOXWFK ,QVWDOODWLRQPDJQHWLFIO\ZKHHO 'LIIHUHQW,QWHUYHQWLRQV 5HPRYLQJWKHZDWHUSXPS ,QVWDOOLQJZDWHUSXPS 5HPRYLQJWKHRLOSXPSGULYHJHDUVDQG ,QVWDOOWKHRLOSXPS
)($785(6
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
0RWRU
6LQJOH F\OLQGHU VWURNH WR WUHH EDODQFHG /LTXLG [ PP FP .Z DWWUPLQ WU PLQ 6SHHG 0XOWLGLVF RLO EDWK DQG RUGHUPDQXDO 0LNXQL (623 1*. %5(6 'XFDWL : 'XFDWL 'HOO2UWR 3+%1
&RROLQJ %RULQJ [ FRXUVH 'LVSODFHPHQW 0D[ SRZHU 0D[LPXP WRUTXH *HDUER[ &OXWFK 2LO 3XPS 6SDUN 3OXJ 0DJQHWLF IO\ZKHHO 6WDUW &DUEXUHWRU
&DSDELOLWLHV
*HDUER[
/ 6$( :
0DUNHGGULYLQJ
0RWRU W\SH
I
$0
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
3DUWLFXODUO\LPSRUWDQWSRLQW
3DUWLFXODUO\LPSRUWDQWSRLQW
2LODQGFDUEXUL]LQJ
7KLVHQJLQHLVGHVLJQHGWRUXQRQXQOHDGHGIXHORU RQO\WKHRLOWREHXVHGIRUVHSDUDWHOXEULFDWLRQLV (VVR7RLOUHFRPPHQGHGE\WKHPDQXIDFWXUHU6SHFLDO
1RWH*DVROLQHLVH[WUHPHO\IODPPDEOHSURGXFWQRWVPRNLQJLQWKH ZRUNDUHDDQGSUHYHQWDQ\IODPHRUVSDUNWRZRUNLQDZHOOYHQWLODWHG YHQWLODWHG
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
68%-(&73$,56RI PGD1 6XEMHFW3DLUV
I
&\OLQGHU KHDG &DVLQJV 7UDQVPLVVLRQ &RYHU :DWHU 3XPS &RQQHFWLRQ DGPLVVLRQ 3LQLRQ HPELHODGR %DODQFH VKDIW SLQLRQ &OXWFK EHOO 3ODWHDX SUHVVXUH FOXWFK DJDLQVW LPSXOVH FOXWFK QXW 6WDUW 5RWRU 6WDWRU 0DJQHWLF ZKHHO FRYHU 'UDLQ SOXJ JHDUER[
PGD1 PGD1 PGD1 PGD1 PGD1 PGD1 PGD1 PGD1 PGD1 PGD1 PGD1 PGD1 PGD1 PGD1 PGD1
6SDUN 3OXJ
PGD1
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
'HPRQWDJH
3ODFHWKHHQJLQHRQLWVVWDQG 3ODFHWKHPRWRURQDGDSWDWLRQ5HI ,PPRELOL]HWKHHQJLQHRQWKHDGDSWDWLRQZLWK KHOS 3LQHODVWLF 3ODFHWKHVHWLQ5HI6XSSRUW WLJKW LQWKHMDZVRIDODWKH
5HPRYLQJWKHPDJQHWLFZKHHO 3ODFHWKHPDJQHWLFZKHHOFRYHU 3ODFHWKHSDSHUERDUG)UHH]HWKHURWRU WKHNH\WRVRPH5HI 3ODFHWKHQXWWRPRGHO IXQFWLRQPDNHVWKHURWRUFURZQERRW 7LJKWHQWKHZKHHOVWDUWVRQ5HI URWRU )UHH]HLWDQGDFWRQWKHZKHHOVWDUWV 3XVKWKHVFUHZXQWLOWKHUHOHDVHRI URWRU
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
'HPRQWDJH
'LVPDQWOLQJWKHDUPDWXUH 3ODFHWKHVFUH 3ODFHWKHVFUHZV ZV WKHZKROHV WKHZKROHVWDWRUSODWH WDWRUSODWHDQGLQGXFH DQGLQGXFHV V 3ODFHWKHZKR 3ODFHWKHZKROHVW OHVWDWRUSODWHDQ DWRUSODWHDQG G LQGXFHV
1RWH:HVXJJHVWDIIHFWVFUHZV XVLQJDPDOOHWDQGH[SHOOHGWRIDFLOLWDWH VKHGGLQJWKHVFUHZVVKRXOG UHSODFHGDWHDFKGLVDVVHPEO\
5HPRYLQJWKHSRZHUGHSHQGLQJRQPRGHO 3ODFHWKHVFUHZV ERRW 3ODFHWKHSLQVZLWKULEELQJ LPPRELOL]HGRQWKHDGDSWDWLRQHQJLQH 0RYLQJWKHHQJLQHRQJXLGHV DGDSWDWLRQWRHQDEOHGLVPDQWOLQJRI ERRW 5HVWWKHSLQVHODVWLF
5HPRYLQJWKHJHDUER[RXWSXW VSHHGV 'HSRVLWUHWHQWLRQZDVKHUV ZLWKWKHDLGRIIRUFHSV5HI 3ODFHWKHSLQLRQ3ODFHWKH VHFRQGUHWHQWLRQZDVKHUV
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
5HPRYLQJWKHFDS FOXWFK 3ODFHWKHVHWVFUHZ SHGDOSRZHUDV PRGHO 3URPRWHWKHSHGDOVOLJKWO\ VWDUWDQGNHHS SRVLWLRQ /RRVHQWKHGULYHWUHH ERRWDQGORRVHQWKHSHGDO VWDUWLQJWRORRVHQWKHVSULQJ 3ODFHWKHSHGDOSLFN 1RWH3URYLGHDFRQWDLQHUIRU UHFRYHUWKHRLOFDVK 3ODFHWKHVFUHZWR JHDUER[SXUJH 3ODFHWKHVFUHZV VHWWLQJWKHFDS3ODFHWKH WRS 3ODFHWKHILUHSODFHV IRFXVHGDQGSDSHUERDUG
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
5HPRYLQJWKHFOXWFK 3ODFHWKHVFUHZVDQGVSULQJ 3ODWHDXSUHVVXUH 3ODFHWKHSODWHDXSUHVVXUH 3ODFHWKHVHWRIWKH DVVRUWHGGLVNVDQGGLVNV VWULQJHUV
)ROGWKHSULPDU\WUHH %XWWRQ 7KHEDOO 3XVKWKHWUXQN 3ODFHWKHRUGHUOHYHU FOXWFKZLWKLWVVSULQJDQGLWV GLVN
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
'RZQORDGWKHEUDNHGLVFRIWKH FOXWFKQXW ,PPRELOL]HWKHFOXWFKQXW OWRROWRKHOS5HI 'HSRVLWDQGWKHKDUGQXWO 3ODFHWKHQXWGFOXWFK JURRYHGWKUHDGWKHEHOO WKHIODWGLVNDQGG WKHIODWGLVNDQGGLVF LVF FRQLFDO
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
%LNHV5HPRYDORIJHDUV HPELHODGRDQGEDODQFHVKDIW ,PPRELOL]HWKHEDODQFHVKDIWXVLQJD VFUHZ$WDNHQLQRQHRIWKHKROHV VWUXQJ %DFNWRWKHSLQLRQEDODQFHGWUHH EULQJWKHVFUHZZLWKWKHKHOSRIDULERQ KRXVLQJ 3ODFHWKHQXWHPELHODGR 3ODFHWKHEDODQFHGWUHHQXW 3ODFHWKHJHDUVDQGWHHWKDQGFORVHV HPELHODGR 3ODFHWKHSLQLRQWHHWKDQGWKHNH\RIWKHWUHH 5HPRYLQJWKHEDODQFHDQGFRQQHFWLRQ WKURWWOH 3ODFHWKHVFUHZVRIWKHFRQQHFWLRQDGPLVVLRQ LQFOXGLQJVFUHZVZLWKWKHNH\PDOH 5HIVHFXULW\ 3ODFHWKHFRQQHFWLRQDQGWKHLQOHWYDOYH
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
&KHFNWKHJRRGFRQGLWLRQRIWKHSODWHVDQG VXSSRUWRIWKHYDOYH1RWH7KHSRVLWLRQ LPSXOVHVKRXOGEHWRPP WKHVXSSRUWRI 5HPRYLQJWKHZKROHYDOYHF\OLQGHUKHDGF\OLQGHU 3ODFHWKHFDQGOH /RRVHQLQWKHRUGHUJLYHQLQRUVWHSVDW ORFNQXWVRIDOOVWRFNF\OLQGHU 3ODFHWKHEROWVDQGGLVFV 3ODFHWKHEXWWDQG2ULQJV 3ODFHWKHF\OLQGHUDQGLWVERDUGVXSSRUW 'LVDVVHPEO\RISLVWRQ 3ODFHRQHRIWKHUHHGVZLWKWKHIRUFHSV5HI 'HSRVLWWKHSLVWRQVKDIW 3ODFHWKHSLVWRQ 3ODFHWKHQHHGOHIRRWFDJHURG
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
5HPRYLQJWKHWKHUPRVWDWLFYDOYH 3ODFHWKHVFUHZVWKHUPRVWDWLFYDOYH 3ODFHWKHWKHUPRVWDWLFYDOYH 1RWH:KHQDVVHPEOLQJHQVXUHWKHSLHUFLQJSODFH GHJDVVLQJ$DWWKHKLJKHVWSRLQW'LVDVVHPEO\ WHPSHUDWXUHSUREH 1RWH/VHDOLQJRIWKHHQJLQHWHPSHUDWXUHSUREH LVVHFXUHGE\DPHWDOJDVNHW
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
2SHQLQJRIWKHFUDQNFDVH 3ODFHWKHVFUHZVIL[DWLRQ OHIWFUDQNFDVH 3ODFHRQWKHWLSRIHPELHODGR 5HISURWHFWLRQ 3ODFHRQWKHOHIWFUDQNFDVH 5HIHTXLSSHGWRROSODWH 5HI )L[WKH-RLQWDVVLVWHGKRXVLQJ VFUHZV 3ODFHWKHSLQVRIWKHHODVWLF DGDSWDWLRQHQJLQHVXSSRUW 7LJKWHQWKHVFUHZRIWKHWRRO WRWKHVHSDUDWLRQRIWKHKRXVLQJV 1RWH$WWKHRSHQLQJVRWKDWWKHKRXVLQJV DUHGLVFDUGHGLQSDUDOOHOXVLQJD SODVWLFPDOOHWDOWHUQDWLYHO\DIIHFWWKH VHFRQGDU\WUHHOLPEVDQGVHOHFWLRQ VSHHG
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
3ODFHW 3ODFHWKH KHSDQ SDQOHI OHIWW
1RWH5HFRYHU\GLVFV IULFWLRQUHPDLQHGHYHQWXDOO\ IDVWHQHGE\WKHRLOLQWKHFUDQNFDVH OHIW 3ODFHWKHSDZQVFHQWHUHG 5HVWWKHSLQV HODVWLFVXSSRUWDGDSWDWLRQ 5HPRYLQJWKHPRWRUER[ VSHHGVDQGWKHVHOHFWLRQV\VWHP 3ODFHWKHNHJVHOHFWLRQ WRJXLGHWKHSLQPpFDQLQGXV DERXWWKHD[LVRIWKHEDQGV VXEWUHH 3ODFHWKHWUHHVHOHFWLRQ HTXLSSHGZLWKLWVGLVNIULFWLRQ
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
3ODFHWKHVKDIWRIWKHEDQGVRIWKHWUHH VHFRQGDU\ 3ODFHWKHXSSHUEDQGRIWKHWUHH VHFRQGDU\ %DFNWRWKHNHJRIFKRLFHWR ORZHULQJWKHEDQGRIWKHWUHH SULPDU\LQWKHERWWRPRIWKHEDUUHOWKURDW 'HSRVLWWKHNLWHVHOHFWLRQ 3ODFHWKHQGEDQGRIWKHWUHH VHFRQGDU\ 'HSRVLWDWWKHVDPHWLPHDOO VHFRQGDU\DQGSULPDU\WUHHWUHHHTXLSSHG KLVEDQG
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
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
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
5HPRYLQJWKHEDODQFHVKDIW C 'HSRVLWWKHEDODQFHVKDIWKHOSLQJ DSODVWLFPDOOHWLIQHFHVVDU\WR 'LVPDQWOLQJWKHHPELHODGR 'HSRVLWLQJHPELHODGRZLWKWKHVWUXW DQG2ULQJW\SLQJ XVLQJLWVWLSVOLJKWO\ DSODVWLFPDOOHWLIQHFHVVDU\ 1RWHHPELHODGRIUHHFOLPEVLQWKH ULJKWFUDQNFDVHEHDULQJ
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
(PELHODGR&RQWURO 8VLQJDVHWRIWKLFNZHGJHV FKHFNWKHJDPHVLGHRIWKHELJHQG 7KHPD[LPXPODWHUDOSOD\ELJHQG PXVWQRWH[FHHGPP )DOVHYDOXHVREVHUYHGURXQGWKH HPELHODGRWLSVPXVWQRWH[FHHG PP DQGZLOOEHPHDVXUHG PP WUDQVPLVVLRQVLGH PP PDJQHWLFIO\ZKHHOVLGH
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
02817(/(0(176 63(&,),& ,QVWDOOLQJEHDULQJV HPELHODGR 1RWH7KHEHDULQJVDQGVHDOV HPELHODGRVHDOLQJPXVW UHSODFHGDIWHUHDFKRSHQLQJ PRWRUKRXVLQJV $WWKHRSHQLQJRIWKHFUDQNFDVHLIWKH EHDULQJVUHPDLQLQSODFHRQ WKHHPELHODGRXVHWKHWRRO5HI IRUGHSRVLW ,IWKHEHDULQJUHPDLQHGLQSODFH OHIWFUDQNFDVHEHKHDW VXPSWKURXJKDKHDWFOHDQHU WRGHSRVLWWKLVWUDQVDFWLRQPXVWEH TXLFNO\WRHQVXUHDWWKHVDPH WLPHUHPRYDODQGUHSODFHPHQWRI EHDULQJLQWKHFUDQNFDVH 3ODFHRQHRIWKHKRXVLQJVRQWKHLU SODQWRJHWKHUZDUPWR& XQWLOWKHIDOORILWEHDULQJ VDPH 3ODFHWKHVHDO 7DNLQJDGYDQWDJHRIWKHH[SDQVLRQRIWKHKRXVLQJ WRSXWWKHQHZEHDULQJLQ PRPHQWXPLQWKHKRXVLQJ 3ODFHDQHZJDVNHW WLJKWQHVVLQWKHOHIWFUDQNFDVHZLWK 5HIWRROKHOS
1RWH7KHVHDORIWKH WKHODZVKRXOGEHSODFHGDIWHU FORVLQJRIWKHKRXVLQJVWKHHVWDEOLVKPHQW RIWKH2ULQJDQGVWUXWLQRUGHUWR WXUQDURXQGRUDYRLGGDPDJLQJWKHOLSVRI ERDUG
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
,QVWDOODWLRQRIWKHVHDOLQJJDVNHWG FDVKRXWIORZ $OODLGRI5HIEXWWRQWRRO SODFHWKHVHDOLQJJDVNHWRXWSXWG ,QVWDOOLQJWKHER[VHDOLQJJDVNHWGO VHOHFWLRQWUHH $OODLGRI5HIEXWWRQWRRO SODFHWKHVHDOLQJJDVNHWOGWUHH ,QVWDOODWLRQRIWKHERDUGVHOHFWLRQG WLJKWQHVVRIWKHFOXWFKOHYHUG $OODLGRI5HIEXWWRQWRRO SODFHWKHJDVNHWVHDORIWKHOHYHUGG FOXWFK
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
,QVWDOOEDODQFHVKDIW 6HWWKHEDODQFHVKDIWLQKDOI ULJKWFUDQNFDVHXVLQJDSODVWLFPDOOHWWR ,QVWDOOLQJWKHQHFHVVDU\HPELHODGR 6HWWKHHPELHODGRLQWKHULJKWFUDQNFDVHKDOI 1RWHHPELHODGRIUHHFOLPEVLQWKHEHDULQJ ,QVWDOOULJKWFUDQNFDVHER[ VSHHGV 3ODFHWKHWKUXVWZDVKHUVOLJKWO\ OXEULFDWHGQHHGOHVRQWKHWUHHGHFN VHFRQGDU\ULJKWFUDQNFDVHKDOI 6HWWKHWKUXVWVSULQJDQGEDOOORFN OLJKWO\OXEULFDWHGLQLWVKRXVLQJ 3ODFHWKHWUHHZKLOHWKHZKROH VHFRQGDU\DQGSULPDU\WUHHILWWHGZLWKKLVEDQG VHOHFWLRQLQWRWKHULJKWFUDQNFDVHKDOI
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
3ODFHRQWKHEDQGVXEWUHHO EHQWRQWKHSLQLRQPRELOHR 3ODFHWKHNHJRIFKRLFHZLWKLWV GLVFV 3ODFLQJWKHJXLGHEDQGLQWKHWKURDW LQWHUPHGLDWHEDUUHOVHOHFWLRQ 3ODFHWKHEDQGRQWKHPRELOHJHDUWK 3ODFHWKHJXLGHRIWKHEDQGLQWKHWKURDW ERWWRPRIWKHEDUUHOVHOHFWLRQ 3ODFHWKHJXLGHRIWKHEDQGLQWKHWKURDW EDUUHOKLJKHUVHOHFWLRQ
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
6HWWKHD[LVRIWKHEDQGV 3ODFHWKHWKNHJVHOHFWLRQLVIL[HG PpFDQLQGXVEHLQJLQDOLJQPHQW D[LVEDQG 6HWWKHWUHHVHOHFWLRQHTXLSSHGZLWKLWV ,QVWDOOLQJKDUGIULFWLRQFUDQNFDVHKDOI OHIW &KHFNWKHSUHVHQFHRIIULFWLRQGLVFV DERXW 7KHVHFRQGDU\WUHH 7KHVHOHFWLRQGUXP 7KHVHOHFWLRQWUHH 3ODFHWKHFHQWHUHGODERUHUV &KHFNWKHSHUIHFWVWDWHRIFOHDQOLQHVVRIWKHSODQ ULJKWFUDQNFDVHERDUG &RYHUWKHERDUGSODQULJKWFUDQNFDVH SDVWHERDUG /LJKWO\OXEULFDWHWKHHQGVRIWKH WUHHV &KHFNWKHSHUIHFWVWDWHRIFOHDQOLQHVVRI ERDUGSODQOHIWFUDQNFDVH 3ODFHWKHOHIWFUDQNFDVHKDOI 6FUHZWKHHQGSLQDWWKH5HI HPELHODGR
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
(QJDJH5HIOWRRO 5HISODWHILWWHGRYHU SLQ 7RIRFXVRQWKHKRXVLQJSDFNDJHWKURXJK VFUHZV 3ODFHWKHFHQWHULQJRQ5HI 5HIWRRO 7LJKWHQWKHQXWWR5HISLQ XQWLOWKHFRPSOHWHFORVXUHRIWKHKRXVLQJV 5HSODFHDQGWLJKWHQWKHVFUHZV 3DLURIVXEMHFWPGD11RWH &KHFNWKDWWKHEDFNHPELHODGR IUHHO\LQWKHFUDQNFDVH 3ODFHWKHJHDUVHOHFWRUZLWKRXW WLJKWHQLWEDFNPDQXDOO\WRWKHWUHH SULPDU\DQGFKHFNWKHSURSHUZD\RI VSHHGV /LJKWO\OXEULFDWHWKHRLOWLPHVWKH HPELHODGRDQGEHDULQJV
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
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
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
,QVWDOOLQJWKHF\OLQGHU 3ODFHDERDUGVXSSRUWQLQHIUHH RLODQGJUHDVH (QVXUHWKDWWKHRSHQLQJRIWKHVHJPHQWV LVUHVSHFWWRDORFDWLRQ SLVWRQ 3ODFHWKHF\OLQGHUDQGFRPPLW ZKLOHFRPSUHVVLQJWKHVHJPHQWV DWKDQG (QJDJHWKHF\OLQGHUDERYHWKHSLVWRQ FRPSUHVVLQJWKHVHJPHQWVRQKDQG 6HWWLQJXSWKHEXWW &KHFNWKHFOHDQOLQHVVRISHUIHFW WKHDFFRPPRGDWLRQRIWKH2ULQJV 3ODFH2ULQJVQLQHRQWKH EXWW 3ODFHWKHEXWWRQWKHF\OLQGHU 7LJKWHQFURVVZLVHLQWRRUVWHSVDW ORFNQXWVEXWW 3DLURIVXEMHFWPGD1 3ODFHWKHFDQGOH 3DLURIVXEMHFWPGD1
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
,QVWDOODWLRQRIWKHERDUGRIWKHVHDOLQJG WKHULJKW 3XWRQDQHZERDUGHPELHODGRO ULQJ\OVWUXW 8VLQJWKHWRRO5HI SODFHDQHZJDVNHW IRUHLJQRULHQWHGOLS,QVWDOOLQJO SLQHWUHHGGGHPELHODGREDODQFHG 3XWWKHNH\LQDFFRPPRGDWLRQIRUO HPELHODGR 7XUQWKHNH\LQDFFRPPRGDWLQJWUHHGO EDODQFHG
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
6HWWKHSLQLRQHPELHODGRWRRWKORFDWHG RXWZDUG 6HWWKHEDODQFHVKDIWSLQLRQWR LWFRPHVWRPDWFKWRRWKORFDWHGE\SRLQWV $ZLWKWKHWHHWKORFDWHGRQDSRLQW$RQWKH SLQLRQHPELHODGR 3ODFHWKHQXWORRVHO\ ,PPRELOL]HDEDODQFHGWUHHZLWKWKHKHOSRI DVFUHZ%WDNHQLQRQHRIWKH WKUHDGHGKROHV %DFNWRWKHSLQLRQVKDIWWREULQJEDODQFHG WKHVFUHZZLWKWKHKHOSRIDULERIWKHKRXVLQJ 7LJKWHQWKHQXWEDODQFHVKDIW &ODPSLQJWRUTXHPGD1 6HWWKHSLQLRQIDFLQJRXWZDUGVDQG 1XW 7LJKWHQWKHSLQLRQHPELHODGR 3DLURIVXEMHFWPGD1
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
,QVWDOOLQJFOXWFK 3ODFHWKHWUHHRQSULPDU\ 7KHFRQLFDOGLVNWKHFRQYH[VLGHWRZDUGVWKH EHDULQJ 7KHIODWGLVN 7KHFOXWFKEHOOVWUXW 5LEEHG &OXWFKQXW %UDNHQXWDQGQXW ,PPRELOL]HWKHFOXWFKQXWXVLQJ 7RRO5HI 7LJKWHQWKHQXW 3DLURIVXEMHFWPGD1 'RZQORDGWKHEUDNHGLVFFOXWFKQXW 3ODFHWKHFOXWFKOHYHUZLWKRUGHU KLVVSULQJDQGKLVUHFRUG 3ODFHLQWKHSULPDU\WUHHEXWWRQWKHEDOO DQGWUXQNRIWKUXVW 6HWWKHVWDUWLQJFOXWFKSODWHV E\DGLVNDUUD\DQGDOWHUQDWL E\DGLVNDUUD\DQGDOWHUQDWLQJGLV QJGLVFV FV DVVRUWHGMRLQWVDQGGLVFV
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
:KHQPRXQWLQJHQVXUHWKDWWKHVLJQDOV$RQ VWULQJHUVGLVFVDUHGLVSODFHGWKH UHODWLRQWRHDFKRWKHU 3ODFHWKHSODWHDXSUHVVXUHE\ 0DWFKWKHDUURZ%RIWKHSODWHDXZLWKWKHLPSUHVVLRQ URXQG&RQWKHFOXWFKQXW 3ODFHWKHVSULQJVRIWKHSODWHDXSUHVVXUHDQG VFUHZVDQGGLVFV 3DLURIVXEMHFWPGD1
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
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
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
'0281763(&,),&(/(0(176 ,QVWDOOLQJWKHPDJQHWLFZKHHO $UUDQJHWKHLQGXFHG 5HSODFHDQGWLJKWHQWKHVFUHZV VHWLQGXFHV 3DLURIVXEMHFWPGD1 6HWWKHURWRURQPDNLQJVXUHHPELHODGR RI\RXUGRZQSD\PHQWRQWKHNH\ )UHH]HWKHURWRUZLWKDGMXVWDEOHNH\WRD5HI )LWDQGWLJKWHQWKHQXWRQWKHURWRU 3DLURIVXEMHFWPGD1 3ODFHWKHJDVNHWDQGPDJQHWLFVWHHULQJZKHHOFRYHU 3DLURIVXEMHFWPGD1
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
27+(5,17(59(17,216 5HPRYLQJWKHZDWHUSXPS 3ODFHWKHVFUHZVIURPWKHWRSRI FOXWFK 3ODFHWKHFOXWFKFRYHU 3ODFHWKHVFUHZVIL[LQJWKHFRYHU ZDWHUSXPS 3ODFHWKHOLG 3ODFHWKHILUHSODFHVDQGWKHERDUGIRFXVHG SDSHU:LWKLQFOXWFKFRYHU GHSRVLW 5HWHQWLRQZDVKHUV 7KHGLVF 7KHQ\ORQSLQLRQWHHWK 7KHGULYHSLQ 'LVN 7KHWXUELQHZLWKLWVD[LV 7KHVHDO &KHFNWKHVWDWXVRIWKHWXUELQHVKDIWLQ SUHVHQFHRIWUDFHVRIZHDUUHSODFHWKH ,QVWDOOLQJWKHWXUELQHZDWHUSXPS :LWKKHOSIURPWKH5HIEXWWRQSODFLQJD QHZVHDOOLJKWO\OXEULFDWHG 3URFHHGLQWKHRSSRVLWHRUGHURIGLVDVVHPEO\
1RWH7KHUHWDLQLQJZDVKHUVDQGSDSHUERDUG VKRXOGEHUHSODFHGDWHDFKGLVDVVHPEO\
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
5HPRYLQJWKHRLOSXPSDQGJHDUV GULYH 3ODFHWKHVFUHZVIURPWKHWRSRI FOXWFK 3ODFHWKHFOXWFKFRYHU 3ODFHWKHSXPSFRYHUWRRLO 3ODFHWKHVFUHZVIL[LQJWKHSXPS RLO 3ODFHWKHSXPSZLWKLWV2ULQJLQVLGH WKHFOXWFKFRYHUGHSRVLW 5HWDLQLQJWKHZDVKHUV 7KHSLQLRQ 7KHGULYHSLQ 7KHGLVF 7KHSXPSVKDIWDQGGLVN 7KHSLQLRQZLWKLWVGLVNV &KHFNWKHVWDWXVRIWKHSXPSVKDIW RLOLQWKHSUHVHQFHRIWUDFHVRIZHDU ,QVWDOOLQJD[OHUHSODFHWKHSXPSRLO /XEULFDWHWKHD[HV 3URFHHGLQWKHRSSRVLWHRUGHURIGLVDVVHPEO\
1RWH7KHUHWDLQLQJZDVKHUVDQG2ULQJ VKRXOGEHUHSODFHGDWHDFKGLVDVVHPEO\ 5(&200(1'5()
I
$0
KWWSWUDQVODWHJRRJOHXVHUFRQWHQWFRPWUDQVODWHBF"KOHQVOHVWOHQ
3ODFHLQ)UHQFKWKHZ 3ODFHLQ)UHQFKWKHZRUGPHDQVW RUGPHDQVWRUHPRYHLWLVOLN RUHPRYHLWLVOLNHH
I
$0