0DLQWHQDQFH0DQXDODQG,OOXVWUDWHG3DUWV&DWDORJXH
([WUD($
&KDSWHU
/HYHOLQJDQG:HLJKLQJ
3DJH'DWH-XO\
3DJH
0DLQWHQDQFH0DQXDODQG,OOXVWUDWHG3DUWV&DWDORJXH
([WUD($
/HYHOLQJDQG:HLJKLQJ
7DEOHRI&RQWHQWV
*(1(5$/ :(,*+,1*$1'%$/$1&,1* /(9(/,1* /DWHUDO/HYHOLQJ 3DJH
/RQJLWXGLQDO/HYHOLQJ 3DJH'DWH-XO\
*(1(5$/
0DLQWHQDQFH0DQXDODQG,OOXVWUDWHG3DUWV&DWDORJXH
([WUD($
/HYHOLQJDQG:HLJKLQJ
7KLV VHFWLRQ SURYLGHV SURFHGXUHV IRU HVWDEOLVKLQJ WKH DLUSODQH
V EDVLF HPSW\
ZHLJKWDQGPRPHQWDQGIRUGHWHUPLQLQJWKHFHQWHURIJUDYLW\
7KH SURFHGXUH DV GHVFULEHG EHORZ VKDOO EH IROORZHG ZKHQHYHU SRVVLEOH 7KLV
DVVXUHVWKDWDGGLWLRQVRUVXEWUDFWLRQVLQWKH %DVLF(PSW\:HLJKWDQG&HQWHURI
*UDYLW\WDEOHRIWKH$LUSODQH:HLJKLQJ)RUP)LJXUHDUHQRWQHFHVVDU\
1RUPDOO\WKHDLUFUDIWVKDOOEHZHLJKHGZLWKIXOORLODQGRSHUDWLQJIOXLGVEXWQR
XVDEOH IXHO ,I FKDQJHV LQ DSSO\LQJ WKH ZHLJKLQJ SURFHGXUH DUH XQDYRLGDEOH
HJLIGHIXHOLQJRIWKHDLUSODQHLVQRWSRVVLEOHWKHUHVSHFWLYHFDOFXODWLRQVRI
WKH%DVLF(PSW\:HLJKWDQG&HQWHURI*UDYLW\WDEOHZLOOJLYHDSUDFWLFDOUHVXOW
$SUHFLVHDQGUHOLDEOHGHWHUPLQDWLRQRIWKHDLUSODQH
VPRPHQWDU\IXHOTXDQWLW\
KRZHYHUZLOOQRWEHSRVVLEOH
3DJH'DWH-XO\
3DJH
0DLQWHQDQFH0DQXDODQG,OOXVWUDWHG3DUWV&DWDORJXH
([WUD($
/HYHOLQJDQG:HLJKLQJ
,PSRUWDQW
1RWH
:(,*+,1*$1'%$/$1&,1*
:HLJKWKHDLUFUDIWDQGGHWHUPLQHWKH&HQWHURI *UDYLW\HYHU\\HDUV
DIWHULQVWDOODWLRQRIDGGLWLRQDOHTXLSPHQWRUDIWHUUHSDLUV
:HLJKWKHDLUFUDIWRQO\RQHYHQIORRUDQGLQFORVHGKDOOVZLQGSURWHFWHG
8VHWKUHHLGHQWLFDOVFDOHV
(QVXUHWKDWWKHDLUFUDIWLVIXOO\HTXLSSHGZLWKVWDQGDUGDQGRSWLRQDOHTXLSPHQW
LQORFDWLRQVDFFRUGLQJWRWKH(TXLSPHQW/LVWUHIHUWRSDUDJUDSKRI3LORW
V
2SHUDWLQJ+DQGERRN($
'HIXHOWKHDLUFUDIWWRWKHXQGUDLQDEOHIXHOOHYHOXVLQJWKHJDVFRODWRUGUDLQ$GG
OWRHDFKWDQNWRUHFHLYHWKHXQXVDEOHIXHOOHYHORUHQWHUORUNJ
GUDLQDEOHXQXVDEOHIXHOWRWKH)XHOLIDSSOLFDEOHOLQHRIWKH%DVLF(PSW\
:HLJKWDQG&HQWHURI*UDYLW\WDEOH
6HUYLFHHQJLQHRLODQGODQGLQJJHDUK\GUDXOLFIOXLGDVUHTXLUHGWRREWDLQD
QRUPDOIXOOLQGLFDWLRQ
5HPRYHIRUHLJQREMHFWVHJWRROVEDJJDJH
&OHDQDQGGU\WKHDLUFUDIW
3XWWKHVHDWVWRPLGGOHSRVLWLRQ
5HWUDFWWKHZLQJIODSVDQGEULQJFRQWUROVXUIDFHVLQQHXWUDOSRVLWLRQ
1RWH
&ORVHWKHORZHUSDUWRIWKHPDLQFDELQGRRU
(QVXUHWKHVFDOHVDUHLQFDOLEUDWLRQDQGXVHGSHUWKHDSSOLFDEOH
PDQXIDFWXUHU
VUHFRPPHQGDWLRQV
'HWHUPLQHWKHUHIHUHQFHGDWXPPLQIURQWRIORZHUIURQWHGJHRIWKH
PDLQZKHHOED\DQGFKHFNWKHYDOXHVRIWKHODQGLQJJHDUVWDWLRQVWROHUDQFHLV
PPDQGWKHZKHHOEDVH
5ROOWKHDLUFUDIWRQWRWKHVFDOHV.HHSWKHEUDNHVUHOHDVHGDQGVHFXUHZKHHOV
ZLWKZKHHOFKRNHV
/HYHOWKHDLUFUDIWDVSHUVHFWLRQ
&ORVHXSSHUSDUWRIWKHFDELQGRRU
'HWHUPLQH6FDOH5HDGLQJ6FDOH(UURUDQG7DUHIURPDOOWKUHHVFDOHV
(QWHUWKH7RWDO1HW:HLJKWDQG&*$UPLQWKH%DVLF(PSW\:HLJKWDQG
&HQWHURI*UDYLW\WDEOHFROXPQV
,IWKHDLUSODQHKDGEHHQGHIXHOHGSULRUWRZHLJKLQJ$GGWKHYDOXHIRUGUDLQDEOH
XQXVDEOHIXHOONJLQWKH)XHOLIDSSOLFDEOHOLQH
,IWKHDLUSODQHFRXOGQRWEHGHIXHOHGSULRUWRZHLJKLQJ6XEWUDFWWKHYDOXHIRU
XVDEOHIXHOLQWKH)XHOLIDSSOLFDEOHOLQH
3DJH
$GGWKHYDOXHIRUDGGLWLRQDORSWLRQDOHTXLSPHQWLIQRWLQVWDOOHGLQWKH
2SWLRQDO(TXLSPHQWLIDSSOLFDEOHOLQH
3DJH'DWH-XO\
0DLQWHQDQFH0DQXDODQG,OOXVWUDWHG3DUWV&DWDORJXH
([WUD($
/HYHOLQJDQG:HLJKLQJ
0XOWLSO\WKH:HLJKWHQWULHVE\WKH&*$UPHQWULHVWRGHWHUPLQH0RPHQW
HQWULHV
7RWDOWKH:HLJKWDQGWKH0RPHQWFROXPQVWRGHWHUPLQHWKH%DVLF(PSW\
:HLJKWDQG0RPHQW
1RWH
)RUGHWHUPLQLQJWKH&*$UPGLYLGHWKHUHVXOWLQJ0RPHQWYDOXHE\WKH%DVLF
(PSW\:HLJKW
0DNHDQDWWHPSWWRYHULI\WKHUHVXOWVRIHDFKZHLJKLQJZKHQGDWDIRU
FRPSDULVRQLVDYDLODEOH
(QWHU%DVLF(PSW\:HLJKW&*$UPDQG0RPHQWLQWKH:HLJKWDQG%DODQFH
5HFRUGVHH3LORW
V2SHUDWLQJ+DQGERRNVHFWLRQILJXUH
3DJH'DWH-XO\
3DJH
0DLQWHQDQFH0DQXDODQG,OOXVWUDWHG3DUWV&DWDORJXH
([WUD($
/HYHOLQJDQG:HLJKLQJ
)LJXUH
3DJH
$LUSODQH:HLJKLQJ)RUP
3DJH'DWH-XO\
/(9(/,1*
/RQJLWXGLQDO/HYHOLQJ
0DLQWHQDQFH0DQXDODQG,OOXVWUDWHG3DUWV&DWDORJXH
([WUD($
/HYHOLQJDQG:HLJKLQJ
3ODFHDVSLULWOHYHORQWKHXSSHUHGJHRIWKHORZHUFDELQGRRULQFORVHGSRVLWLRQ
IRUORQJLWXGLQDOOHYHOLQJUHIHUWRILJXUH&KHFNZLWKLQGLFDWLRQRIVSLULW
OHYHO LQVWDOOHG LQ WKH GRRU /HYHO WKH DLUFUDIW E\ LQFUHDVLQJ RU GHFUHDVLQJ DLU
SUHVVXUHLQWKHQRVHZKHHOWLUH
/DWHUDO/HYHOLQJ
3ODFH D VSLULW OHYHO RQ WKH LQQHU IURQW VHDW UDLOV IRU ODWHUDO OHYHOLQJ /HYHO WKH
DLUFUDIWE\LQIODWLQJRUGHIODWLQJWKHPDLQZKHHOWLUHV
3DJH'DWH$SULO
3DJH