86(5 8,'( - microsoft€¦ · ,1)250$7,21 '2&80(17 ,1) (iihfwlyh 8vhu xlgh iru...

$: 86(5 *8,'( - Microsoft€¦ · ,1)250$7,21 '2&80(17 ,1) (iihfwlyh 8vhu *xlgh iru +lvwrfrpsdwlelolw\ dqg ,ppxqrjhqhwlfv 'ldjqrvwlfv 6huylfhv 7hpsodwh 9huvlrq$
1)250$7212amp80(171) (IIHFWLYH

7HPSODWH9HUVLRQ

$XWKRUV-XOLD0DKHVDQ

+672amp203$77lt$100812(1(7amp6$1267amp6(59amp(6

86(58(

1)250$7212amp80(171) (IIHFWLYH

8VHUXLGHIRU+LVWRFRPSDWLELOLWDQGPPXQRJHQHWLFVLDJQRVWLFV6HUYLFHV

7HPSODWH9HUVLRQ

$XWKRUV-XOLD0DKHVDQ 3DJH RI

ampRQWHQWV

amp217(176 672))85(6 672)7$(6 amp+$37(5(1(5$1)250$721 7+68( 48$7lt67$7(0(17 amp2030(176$1amp203$176 amp+$37(5+$25$725(6$10$1$(0(17 2872)+2856 6225$175$163$173525$00(6 2872)+285625(512)+$6((amp7(3$7((76 amp+$37(56$03(5(485(0(1765(32571 6$03(5(485(0(176 5(48(67)2506 6$03(amp2(amp721$1$(1 (lt)$amp72567+$70$lt$))(amp77(671 $ampamp(37$1amp(076)256$03($( 70(076)255(48(671$721$($01$7216 9280($17lt3(62)6$03( 7lt3(2)5(48(67 amp216(17 3$amp$1$175$163257 6(1163(amp0(16lt 32671+6775$163257 +(5(726(16$03(6 85(176$03(6 5(3257170( amp20387(55(amp256$1 5(32576 amp20387(55(amp256 5(32571 $172ltamp$56 amp+$37(5+6(59amp(6 +6(59amp(65($717275$16)862175$16)86215($amp7216 3$7((75()5$amp7251(66$17+(35296212)+$+3$6((amp7(3$7((76 amp091($79(6((amp7(3528amp76 $200816$721$$1673$7((76 3$7((75()5$amp7251(66 +(1725(48(67+$amp$666((amp7(3$7((76 1amp5(0(1767++$amp$666((amp7(3$7((76 +$+3$6((amp7(3$7((76 25(51+$+3$6((amp7(3$7((76 1(5(48(676)25+$ 6((amp7(3$7((76 6(5286 +$=$562)75$16)86216+27 5(32571$9(56(5($amp72167275$16)86216 75$16)8621$662amp$7(5$)79(5686+267 6($6(7$9+ 19(67$7216 75$16)86215($7($amp87(811-85lt75$ 19(67$7216 )8785(75$16)86216 6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75 121+$(02lt7amp)(5($1$(5amp75$16)86215($amp72167+$1008122amp$amp$86( 3$7((7008122lt3 1(21$7$$20081(7+5202amplt723(1$1$7

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


19(67$7216)251$7 7+(5$3lt amp2816(1$1amp1amp$48(67211$5(6 )2(7$+3$(127lt311)8785(35(1$1amp(6)7+(3$571(56+(7(52=lt286 326775$16)8621385385$373 19(67$7216 7+(5$3lt 75$16)86216833257 ($lt((15$)70(172)3$7((71($()22167(0amp(75$163$17$721 $8720081( 7+5202amplt723(1$$73 21(0$552)$85($10081(0($7(7+5202amplt723(1$ $733$7(1765()5$amp725lt$1)567256(amp211(75($70(17 0212amp21$$00$28123$7+(6 58(3(1(170081(7+5202amplt723(1$73 +(3$5118amp(7+5202amplt723(1$+7 27+(5586 7+520$67+(1$ $amp485(7+520$67+(1$ $1=0$11para67+520$67+(1$7(51$5 628(56lt1520(66amp2$(15(amp(3725()amp(1amp(6 19(67$7216 5$182amplt7(008122lt $8720081(1(87523(1$$1 19(67$7216 1(21$7$$20081(1(87523(1$1$1 19(67$7216 3(5667(1762$7(1(87523(1$$)7(521(0$55275$163$17 5818amp($172lt0($7(1(87523(1$ 19(67$7216 5$182amplt7(75$16)86215($amp7216 +$(0$7232(7amp67(0amp(75$163$17$721 +$7lt312)5(amp3(176$15($7(25815($7(21256 +$$172lt6amp5((11)25+$(0$7232(7amp67(0amp(75$163$173$7(176 815($7(21256($5amp+(62) 7+(67(0amp($1amp25225(675(6 5$)71)250$721$9625lt6(59amp($6$1amp203$77lt$66(660(17 amp+0(56019(67$721)25326775$163$170217251 6225$175$163$17$721 +$7lt31)25627 52871(7(671)25+$63(amp)amp$172(6 amp52660$7amp+1 35(75$163$17$172lt5(029$(6(1676$721 7(676 +$$7 )5(48(1amplt2)7(671 $721$6(59amp(6 2872)+2856 00812(1(7amp6 +$ 7lt31)256($6($662amp$721$158+lt3(56(16797ltamp+$37(57(amp+148(686(11+67+$25$725(6 6amp5((11)25amplt7272amp$1121amplt7272amp+$63(amp)amp$172(6 02(amp8$5+$amp$66$1amp$667lt31

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


1(7(1(5$7216(48(1amp116 amp52660$7amp+1 6+2577$1(05(3($7675$1$lt66)257+((7(amp7212)amp+0(560 6amp5((11)253$7((763(amp)amp$172(6 02(amp8$57lt31)25 +3$$((6$1 +(3$5118amp(7+5202amplt723(1$ 6amp5((11)255$182amplt7(63(amp)amp$172(6 7lt31)25+1$amp+$37(525(5163(amp$673528amp76 25(51223528amp76 63(amp$673528amp76668(lt7+(+)81amp721 25(5127amp(70( 25(512)+3$6((amp7(3$7((765()5$amp725lt$15(amp(61215()5$amp725lt +3$7lt3(3528amp76 2872)+2856 amp+$37(5amp20081amp$717+1+67amp(175(6 amp86720(56(59amp(6 +272(152$6$2125amp+$37(567$1$568(1(6$amp521lt06

LVWRI)LJXUHV

)LJXUHLDJUDPRIWKHPDQDJHPHQWVWUXFWXUHRIWKH+)XQFWLRQ )LJXUHDERUDWRUQYHVWLJDWLRQRI5HIUDFWRULQHVVWR3ODWHOHW7UDQVIXVLRQ

LVWRI7DEOHV

7DEOHLFHQVHDFFUHGLWDWLRQQXPEHUVlaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquolaquo7DEOH5HTXHVWIRUPV 7DEOH6XPPDURINHIDFWRUVWKDWPDDIIHFWWHVWLQJ 7DEOH6XPPDURIDFFHSWDQFHOLPLWVIRUVDPSOHDJH 7DEOH6XPPDURIYROXPHVDQGWSHVRIEORRGVDPSOHVUHTXLUHGIRUHDFKWHVW 7DEOH6XPPDURI+SDWLHQWOHDIOHWV 7DEOH6XPPDURIUHSRUWLQJWLPH 7DEOH$UHDVRIFOLQLFDOPHGLFLQHLQYROYLQJ+VHUYLFHV7DEOH6+27FDWHJRULHVWKDWLQYROYHWKH+ODERUDWRULHVLQWKHLQYHVWLJDWLRQV 7DEOH(VWLPDWLQJWKHSUREDELOLWRI+7micro7KH7Vpara 7DEOH+$DVVRFLDWHGGLVHDVHV 7DEOH+$OLQNHGGLVHDVHV 7DEOH+$JHQHVDVVRFLDWHGZLWKGUXJKSHUVHQVLWLYLW$GYHUVHUXJ5HDFWLRQV$5 7DEOH3ROPRUSKLVPLQRWKHULPPXQHUHODWHGJHQHV 7DEOH++HDGVRIDERUDWRULHVFRQWDFWGHWDLOV 7DEOHDERUDWRUFRQWDFWGHWDLOV 7DEOH+$6HOHFWHG3ODWHOHWGHVNFRQWDFWGHWDLOV 7DEOHORRGampHQWUHGHWDLOV 7DEOH$FURQPV

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7KH LPDJHRQFRYHUSDJH LV DFRPSLODWLRQRI LPDJHVRI1H[WHQHUDWLRQ6HTXHQFLQJ 16EHLQJFDUULHGRXWDW +ampROLQGDOH)RUGHWDLOVRIKRZWKLVFDQKHOSVWHPFHOO UHJLVWULHVDQGFRUGEORRGEDQNVSOHDVHYLVLWKWWSVQKVEWGEHEOREFRUHZLQGRZVQHWXPEUDFRDVVHWVFRUSQKVEWQJVEURFKXUHSGI RUKWWSVKRVSLWDOEORRGFRXNGLDJQRVWLFVHUYLFHVKLVWRFRPSDWLELOLWDQGLPPXQRJHQHWLFVQH[WJHQHUDWLRQVHTXHQFLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5(1(5$1)250$721

7+68(

7KH1+67+LVWRFRPSDWLELOLWPPXQRJHQHWLFV+ )XQFWLRQRIIHUVDQLQWHJUDWHGSDFNDJHRIVHUYLFHVWHVWLQJDQGFOLQLFDODGYLFHDFURVVWKH+ILHOGIURPDQHWZRUNRIVL[ODERUDWRULHVRUNLQJDVDQLQWHJUDOSDUWRI1+67ZHRIIHUKRVSLWDOVDQXQULYDOOHGSRUWIROLRRIWHVWLQJDGYLFHDQGVXSSRUWLQWUDQVSODQWDWLRQVXSSORIVHOHFWHGEORRGSURGXFWVDQGLPPXQRJHQHWLFV

7KLVJXLGHRXWOLQHVWKH+VHUYLFHVSURYLGHGE1+67DQGZLOOEHRIXVHWRFRQVXOWDQWVDQGRWKHUPHGLFDOQXUVLQJDQGVFLHQWLILFVWDII LQWUDQVIXVLRQODERUDWRULHVKDHPDWRORJGHSDUWPHQWVWUDQVSODQWXQLWVDQGRWKHUKHDOWKFDUHHQYLURQPHQWVUHTXLULQJRXUVHUYLFHV7KHJXLGHFRQWDLQVLQIRUPDWLRQDERXWWKHRUJDQLVDWLRQRIVHUYLFHV FRQWDFWGHWDLOVIRUNHPHPEHUVRIVWDIIDQGRWKHULQIRUPDWLRQWRHQDEOHKHDOWKFDUHVWDIIWRDFFHVVVHUYLFHVRQEHKDOIRIWKHLUSDWLHQWV

48$7lt67$7(0(17

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paraVDQGFRQGXFWHGEVWDIIZKRVHSURILFLHQF DQGFRPSHWHQF DUHUHJXODUOPRQLWRUHG

1+674XDOLWPDQDJHUVFDUURXWUHJXODUDXGLWVWRHVWDEOLVKDQGLPSURYHWKHOHYHORI3DQG03FRPSOLDQFH7KHVHFRPSOHPHQW H[WHUQDOOLFHQVLQJDQGDFFUHGLWDWLRQLQVSHFWLRQVEWKH0HGLFLQHVDQG+HDOWKFDUH 3URGXFWV 5HJXODWRU $JHQF 0+5$ 8QLWHG LQJGRP $FFUHGLWDWLRQ 6HUYLFH 8$6(XURSHDQ )HGHUDWLRQ RI PPXQRJHQHWLFV () +XPDQ 7LVVXH $XWKRULW +7$ ampDUH 4XDOLWampRPPLVVLRQamp4ampDQGRWKHUUHOHYDQWDFFUHGLWDWLRQERGLHV

7KH +HDG RI )XQFWLRQ +HDGV RI DERUDWRULHV ODERUDWRU DQG VXSSRUW VWDII KDYH FRQWLQXHG WRVWDQGDUGLVHSUDFWLFHDQGVWULYHIRUDFRQVLVWHQWDQGKLJKTXDOLW VHUYLFH3URFHGXUHVDUHGHYHORSHGWRZRUNDFFRUGLQJWRWKHSULQFLSOHVRIFOLQLFDOJRYHUQDQFH

$OOODERUDWRULHVZLWKLQWKH)XQFWLRQSDUWLFLSDWHLQH[WHUQDOTXDOLWDVVHVVPHQW (4$ VFKHPHVVXFKDV8QLWHGLQJGRP1DWLRQDO([WHUQDO4XDOLW$VVHVVPHQW6HUYLFH 8 1(4$6 DQGZKHUHDSSURSULDWHLQLQWHUQDWLRQDO ZRUNVKRSV Q VRPH LQVWDQFHV WKLV SDUWLFLSDWLRQ H[WHQGV WR WKH SURYLVLRQ RI VRXUFHPDWHULDOGHYLVLQJWKHH[HUFLVHVRUDFWLQJDVDUHIHUHQFHODERUDWRU

$V SDUW RI 1+67 +paraV FRPPLWPHQW WR TXDOLW DQG LQ DFFRUGDQFH ZLWK 62 0HDVXUHPHQWRI 8QFHUWDLQW0R8 YDOXHVDUH DYDLODEOHIURPWKHODERUDWRULHV XSRQUHTXHVW

amp2030(176DQGamp203$176

1+67 LV FRPPLWWHG WR FRQWLQXRXVO LPSURYLQJ WKH TXDOLW DQG UDQJH RI VHUYLFHV SURYLGHG DQGZHOFRPHVDQFRPPHQWVRUVXJJHVWLRQVIURPWKHVHUYLFHXVHUV7KHUHLVDOZDVWKHULVNRIIDLOXUHVLQDQ VHUYLFH GHOLYHU DQG LW LV HVVHQWLDO WKDW WKHVH EH UHSRUWHG WR HQVXUH WKH FDXVHV FDQ EH IXOOLQYHVWLJDWHGWR UHGXFHWKHULVNRIUHFXUUHQFHKHOS LPSURYHWKHVHUYLFHDQGHQVXUHFRPSOLDQFHZLWKFOLQLFDOJRYHUQDQFHSROLFLHVVSHFLILFIRUPVKDYHEHHQPDGHDYDLODEOHWRHYHUVHUYLFHXVHUIRUWKLVDQGFDQEHIRXQGRQWKH1+67sup3+RVSLWDO6FLHQFHacute ZHEVLWHDW

KWWSVKRVSLWDOEORRGFRXNFRPPHUFLDODQGFXVWRPHUVHUYLFHFRPSODLQWVFRPSOLPHQWVDQGIHHGEDFN

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3OHDVH GR QRW KHVLWDWH WR GLVFXVV FRPSODLQWV ZLWK HLWKHU RXU ampXVWRPHU 6HUYLFHV 0DQDJHU RU WKHUHOHYDQW+HDGRIDERUDWRUHDOZDVVWULYH WRSURYLGHDVDWLVIDFWRU UHVSRQVH WRDQFRPSODLQW+RZHYHU LI RXDUHXQKDSSZLWK WKHKDQGOLQJRI RXU FRPSODLQW WKHQSOHDVH FRQWDFW WKH+HDGRI6HUYLFHHOLYHURUWKHHDG4XDOLW6SHFLDOLVWIRU+

ampRPSODLQWV PXVW EH FOHDUO VHSDUDWHG IURP FRPPXQLFDWLRQ DERXW 6HULRXV +D]DUGV RI 7UDQVIXVLRQ6+27RUQHDUPLVVHVZKLFKKDYHRUFRXOGKDYHDIIHFWHGWKHTXDOLWRISDWLHQWFDUH6XFKLQFLGHQWVDQGQHDUPLVVHVRIWHQUHTXLUHLPPHGLDWHDFWLRQDQGRXDUHDGYLVHGWRGLVFXVVWKHVHZLWKDQ1+67PHGLFDOFRQVXOWDQWRUDVHQLRUODERUDWRUVFLHQWLVWDWRXUORFDOEORRGFHQWUH6HULRXVHYHQWVPXVWEHUHSRUWHGWRWKH6$5(VFKHPH

amp+$37(5+$25$725(6$10$1$(0(17

7KHUHDUHVL[ODERUDWRULHVLQWKH +)XQFWLRQZLWKDSSUR[LPDWHOPHPEHUVRIVWDII7KHODERUDWRULHVDUHORFDWHGDW1+67LUPLQJKDP )LOWRQULVWROampROLQGDOH1RUWKRQGRQ 7RRWLQJ6RXWKRQGRQ1HZFDVWOH DQG 6KHIILHOGDQG HDFKLVGLUHFWHGEDFRQVXOWDQWFOLQLFDOVFLHQWLVW)LJXUHKLJKOLJKWVWKHPDQDJHPHQWVWUXFWXUHRIWKH+)XQFWLRQ

)LJXUHLDJUDPRIWKHPDQDJHPHQWVWUXFWXUHRIWKH+)XQFWLRQ

1+67+ODERUDWRULHVVXSSRUWKDHPDWRSRLHWLFVWHPFHOODQGVROLGRUJDQWUDQVSODQWSURJUDPPHVDWKRVSLWDOV WKURXJKRXW (QJODQG 7KH + ODERUDWRU DW )LOWRQ SURYLGHV SODWHOHW LPPXQRORJ DQGJUDQXORFWHLPPXQRORJVHUYLFHVQDWLRQDOO

7KH+ODERUDWRUDWampROLQGDOHZRUNVLQFRRSHUDWLRQZLWKWKHULWLVKRQH0DUURZ5HJLVWU05FDUULQJRXWKLJKWKURXJKSXW+$WSLQJ RI 1+67EORRGGRQRUVZKRKDYHYROXQWHHUHGWREHFRPHVWHPFHOOGRQRUV7KH+ODERUDWRUDWampROLQGDOHDOVRSHUIRUPVWKHWSLQJDQGUHJLVWUDWLRQRIGRQDWHG FRUGEORRGXQLWVFROOHFWHGE WKH1+6ampRUGORRGDQN1+6amp7KH+$GDWD LV WKHQVXEPLWWHG WR1HWFRUGDQGWRRQH0DUURZRQRUVRUOGZLGH0

$OO1+67+ ODERUDWRULHVDUHDFFUHGLWHGE WKH(XURSHDQ )HGHUDWLRQ IRU PPXQRJHQHWLFV IRU WKHFOLQLFDOVHUYLFHVWKHSURYLGH 2XU ODERUDWRULHVDUHDOVRDFFUHGLWHGWR62EWKH8QLWHGLQJGRP$FFUHGLWDWLRQ6HUYLFH 8$6

U$QGUHD+DUPHU

1DWLRQDO+HDGRI+6HUYLFHV

UampROLQURZQ

+HDGRIDERUDWRU

ampROLQGDOH

+

UHERUDK6DJH

+HDGRIDERUDWRU

7RRWLQJ

+

3URIDYLGULJJV

+HDGRIDERUDWRU

+

U$QWKRQ3ROHV

+HDGRIDERUDWRU

)LOWRQ

+

7LPH

+HDGRIDERUDWRU

6KHIILHOG

+

U$UDVK$NEDU]DGltRXVHIL

+HDGRIDERUDWRU1HZFDVWOH

+

0DQDJHPHQW

URXS

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7DEOHLFHQVHDFFUHGLWDWLRQQXPEHUV

6LWH 8$6 ()LUPLQJKDP

13

ULVWRO )LOWRQ ampROLQGDOH 7RRWLQJ 1HZFDVWOH 6KHIILHOG

137KHVFRSHRIRXUDFFUHGLWDWLRQFDQEHIRXQGDWWKHIROORZLQJORFDWLRQKWWSVZZZXNDVFRPZSFRQWHQWXSORDGVVFKHGXOHBXSORDGV0HGLFDO0XOWLSOHSGI

$25$725(6micro23(11+2856para7KHFRUHZRUNLQJKRXUVRIWKHODERUDWRULHVDUHEHWZHHQDQGIURP0RQGDWR)ULGDH[FOXGLQJEDQNKROLGDVampOLQLFDODQGVFLHQWLILFDGYLFHIURPDQ+FRQVXOWDQWFOLQLFDOVFLHQWLVWUHJDUGLQJRUGHULQJRIWHVWVDQGRQWKHLQWHUSUHWDWLRQRIUHVXOWVLVDOZDVDYDLODEOHGXULQJWKHVHKRXUV

2872)+2856

6ROLG2UJDQ7UDQVSODQWSURJUDPPHV

2XWRIKRXUVRQFDOOLVSURYLGHGE+ODERUDWRULHVVXSSRUWLQJVROLGRUJDQWUDQVSODQWSURJUDPPHVKRXUVDGDGDVDHDU$FRQVXOWDQWFOLQLFDOVFLHQWLVWFDQEHFRQWDFWHGRQRXUUHTXHVWLQFDVHRIFOLQLFDOHPHUJHQFEFRQWDFWLQJRXU ORFDO1+67+RVSLWDO6HUYLFHV 1+67ampRQVXOWDQWFOLQLFDOVFLHQWLVWZLOOEHDYDLODEOHWRPHGLFDOVWDIIIRUWUDQVSODQWDWLRQDQG WUDQVIXVLRQDGYLFHIURPWR

2XWRIKRXUVRUGHULQJRI+$VHOHFWHGSODWHOHWV

3OHDVHSODFHURXWLQH RUGHUVRQ226GXULQJQRUPDOODERUDWRUKRXUV0RQGD )ULGD WR DWOHDVWKRXUVEHIRUHGHOLYHURUFROOHFWLRQQRWLQFOXGLQJZHHNHQGV

+$VHOHFWHGSODWHOHWVUHTXLUHGIRUHDUOGHOLYHURQZHHNGDVDQGIRUWUDQVIXVLRQDWZHHNHQGVVKRXOGDOZDVEHRUGHUHGZLWKLQQRUPDOODERUDWRU0RQGD)ULGDZRUNLQJKRXUVDQGZLWKDWOHDVWKRXUVparaQRWLFHWPDQRWSRVVLEOHWRSURYLGHRSWLPDOO+$VHOHFWHGSODWHOHWVDWVKRUWQRWLFHDQGLWPDLQFXUDQDGKRFWUDQVSRUWFKDUJH

7KHRXWRIKRXUVpara VHUYLFHLVIRUFOLQLFDOHPHUJHQF XVH RQOIRUSDWLHQWVDOUHDGUHFHLYLQJVHOHFWHGSODWHOHWV7KHRXWRIKRXUVVHUYLFHPXVWQRWEH XVHGIRUURXWLQHRUGHUV

IWKHUHLVDQXUJHQWFOLQLFDOQHHGIRURXWRIKRXUVWUDQVIXVLRQLQSDWLHQWVDOUHDGUHFHLYLQJ+$VHOHFWHGSODWHOHWVRUGHUVVKRXOGEHSODFHGRQ2262QOLQHORRG2UGHULQJ6VWHPZKLFKLVDYDLODEOHWKURXJKRXUORRG7UDQVIXVLRQGHSDUWPHQW

$OORXWRIKRXUVHPHUJHQFRUGHUVPXVWEHIROORZHGXSZLWKDWHOHSKRQHFDOOWRRXUORFDO+RVSLWDO6HUYLFHVGHSDUWPHQW7KH +FRQVXOWDQWRQFDOO ZLOOQHHGWRDSSURYHWKHUHTXHVWDQGFDOOLQDPHPEHURIWKHODERUDWRUVWDIIWRSURFHVVWKHUHTXHVW6HOHFWLRQDQGSURYLVLRQRIXQLWVLVOLNHOWRWDNHDPLQLPXPRIKRXUVDQGPDWDNHORQJHUKLOVW1+67ZLOOHQGHDYRXUWRSURYLGHDZHOOVHOHFWHGXQLW ILQGLQJDVXLWDEOVHOHFWHGXQLWDWVKRUWQRWLFHPDQRWDOZDVEHSRVVLEOH

7KHHPHUJHQFVHUYLFHLVDYDLODEOHZHHNGDVIURPWRDQGWR DQGZHHNHQGVDQG EDQN KROLGDV IURP WR $ 1+67 FRQVXOWDQW FOLQLFDO VFLHQWLVW ZLOO EH DYDLODEOH WRPHGLFDOVWDII IRUWUDQVIXVLRQDGYLFHIURPWR

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7KH SURFHVV IRU RUGHULQJ+$ VHOHFWHG SURGXFWV LV GHVFULEHG RQ WKH1+67 sup3+RVSLWDO 6FLHQFHacuteZHEVLWHKWWSVKRVSLWDOEORRGFRXNGLDJQRVWLFVHUYLFHVKLVWRFRPSDWLELOLWDQGLPPXQRJHQHWLFVRUGHULQJKOD

XVLQHVVampRQWLQXLW6WUDWHJ

7KHVSHFLILF VWUDWHJ IRUPDQDJLQJDQ FULWLFDO LQFLGHQWZLOO GHSHQG ODUJHO XSRQ WKHFLUFXPVWDQFHVVXUURXQGLQJ WKH LQFLGHQW DQG VWUDWHJLF REMHFWLYHV PD FKDQJH GXULQJ WKH FRXUVH RI DQ LQFLGHQW+RZHYHU WKHLQLWLDOVWUDWHJLFREMHFWLYHVIRUPDQDJLQJDFULWLFDOLQFLGHQWZLWKLQ+DUH

x 7RSURWHFW DV IDU DV LV UHDVRQDEO SUDFWLFDEOH WKH GHOLYHU RI NH SURGXFWV DQG VHUYLFHV WRKRVSLWDOVDQGSDWLHQWV

x 7RPDQDJHWKHLQFLGHQWZLWKLQWKHFRQVWUDLQWVRIUHJXODWRUDQGOHJLVODWLYHUHTXLUHPHQWVx 7RVWULYHIRUDUHFRYHU WREXVLQHVVDVXVXDOLQWKHVKRUWHVWSRVVLEOHWLPHx (QVXUHV WKDW 1+67 UHPDLQV FRPSOLDQW ZLWK OHJDO DQG UHJXODWRU UHTXLUHPHQWV HJ +6

UHTXLUHPHQWV

amp+$37(56$03(5(485(0(1765(32571

6$03(5(485(0(176

)RUVDPSOHUHTXLUHPHQWVUHIHUWR7DEOH

5(48(67)2506

7KHUHDUHILYH UHTXHVWIRUPVDYDLODEOHZKLFKDUHVKRZQLQ7DEOH

7DEOH5HTXHVWIRUPV

5HTXHVWIRUP 9HUVLRQDFWLYH$ +LDJQRVWLFODERUDWRU )50 +2UJDQ7UDQVSODQWUHFLSLHQWVDQGGRQRUV )50 amp ++DHPDWRSRLHWLF6WHPampHOO7UDQVSODQWDWLRQ )50 +3ODWHOHWPPXQRORJ )50 ( +UDQXORFWHPPXQRORJ )50

5HTXHVW IRUPV FDQ EH RUGHUHG GLUHFWO IURP RXU ORFDO + ODERUDWRU DQG DUH DOVR DYDLODEOH WRGRZQORDGIURPWKH1+67sup3+RVSLWDO6FLHQFHacute ZHEVLWHDORQJZLWKJXLGDQFH RQWKHLUFRUUHFWFRPSOHWLRQVHHGRFXPHQW1) DWKWWSWLQXUOFRPKLIRUPV

5HTXHVWHUVDUHDGYLVHGWRHQVXUHWKDWWKHFRUUHFWYHUVLRQVRIWKHVHIRUPV DUHXVHG DVWKHXVHRIRXWRIGDWHSDSHUZRUNPDFDXVHHUURUVLQVDPSOHGLVWULEXWLRQWHVWLQJDQGUHSRUWLQJ

6$03(amp2(amp721$1$(1

1RVSHFLILFSDWLHQWSUHSDUDWLRQLVQHHGHGIRUVDPSOHFROOHFWLRQIRU+WHVWLQJ

$UHTXHVWIRUPPXVWDFFRPSDQHYHULQYHVWLJDWLRQUHTXHVW6DPSOHVZLWKGLIIHUHQWFROOHFWLRQGDWHVRU GLIIHUHQWVDPSOHWSHVHJERQHPDUURZDVSLUDWHRUSHULSKHUDOEORRGRUIURPGLIIHUHQWLQGLYLGXDOVLQFOXGLQJIDPLOPHPEHUVPXVWHDFKEHDFFRPSDQLHGEWKHLURZQWHVWUHTXHVWIRUPV5HTXHVWIRUPVDUHWKHEDVLVWRHVWDEOLVKWKHFRUUHFWLGHQWLILFDWLRQRIWKHSDWLHQW6FKHPHVVXFKDVWKH6+27VFKHPHKDYHVKRZQWKDWVHULRXVLQFLGHQWVDUHRIWHQFDXVHGEHUURUVRIDFOHULFDOQDWXUH(YHU VDPSOHQHHGVWREHGDWHG DVWKLVLQIRUPDWLRQFDQEHVLJQLILFDQWLQGHWHUPLQLQJWKHDGYLFHZHZLOO LVVXH LQDGGLWLRQWKHRXWFRPHRIVRPHWHVWVPDEHLQIOXHQFHGEWKHDJHRIWKHVDPSOH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7KHSRLQWVRILGHQWLILFDWLRQSURYLGHGRQWKHUHTXHVWIRUPPXVWPDWFKWKHLQIRUPDWLRQSURYLGHGRQWKHVDPSOH XH WR WKH LQFUHDVHG ULVN RIPLVODEHOOLQJ ZKHQ XVLQJ SUHSULQWHG ODEHOV DGGUHVVRJUDSKVVDPSOHV IRU WUDQVIXVLRQ LQYHVWLJDWLRQV FDQQRW EH DFFHSWHG ZKHQ WKH VDPSOH LV ODEHOOHG ZLWK DQDGGUHVVRJUDSK )RU RXU IXOO VDPSOH ODEHOOLQJ SROLF VHH 03 03 GHWDLOV 1+67 +ODERUDWRULHV VDPSOH ODEHOOLQJ DQG UHTXHVW IRUP FRPSOHWLRQ DQG FDQ EH DFFHVVHG YLDKWWSVQKVEWGEHEOREFRUHZLQGRZVQHWXPEUDFRDVVHWVFRUSPSGKLODERUDWRULHVUHSXLUHPHQWVIRUVDPSOHODEHOOLQJUHTXHVWIRUPFRPSOHWLRQSGI

03VHFWLRQsup32QOODEHOVWKDWDUHSULQWHGmicroRQGHPDQGparaDQGDWWDFKHGWRWKHVDPSOHWXEHQH[WWRWKHSDWLHQWDWWKHWLPHRISKOHERWRP DUHDFFHSWDEOH 6LQFHLWLVQRWSRVVLEOHWRGLVWLQJXLVKUHOLDEOEHWZHHQWKHVHDQGDGGUHVVRJUDSK ODEHOV WKHFDQEHDFFHSWHGRQOIURPUHIHUULQJRUJDQLVDWLRQVZKLFKKDYHLQIRUPHG1+67LQZULWLQJWKDWWKHLUVDPSOHODEHOVDUHJHQHUDWHGLQDQDXGLWHGVVWHPDQGDUHGHPDQGSULQWHGDWWKHWLPHRISKOHERWRPHGVLGHJHQHUDWHGODEHOVQHHGWRKDYHSRVLWLYHWUDFHDEOHLGHQWLILFDWLRQRIWKHVDPSOHWDNHUEXWGRQRWUHTXLUHDVLJQDWXUHacute

7KH ODERUDWRULHVPDQRWDFFHSW UHIHUUDOVZLWK LQDGHTXDWHOFRPSOHWHGUHTXHVW IRUPVRU LQFRPSOHWHVDPSOHODEHOOLQJRUZKHUHVDPSOHDQGUHTXHVWGHWDLOVGRQRWPDWFKQFDVHRIDFOLQLFDOHPHUJHQF1+67PDDJUHHZLWKWKHUHTXHVWLQJFRQVXOWDQWRUODERUDWRUVFLHQWLVWWRSURFHHGZLWKWKHUHTXHVWHGLQYHVWLJDWLRQV+RZHYHULQVXFKFDVHVWKHLVVXHRIEORRGSURGXFWVDQGODERUDWRUUHSRUWVZLOOFDUUDQH[SOLFLWZDUQLQJWKDWWKHVDPSOHDQGRUUHTXHVWIRUPGLGQRWPHHWWKHPLQLPXPDFFHSWDQFHFULWHULDDQGUHVSRQVLELOLWIRUFRUUHFWLGHQWLILFDWLRQRIWKHVDPSOHDQGSDWLHQWOLHVZLWK WKH UHTXHVWHU VXFK VDPSOH WHVWLQJPD EH GHODHG ZKLOH WKH ODERUDWRU FRQILUPV WKH VDPSOHGHWDLOV7KHUHTXHVWHULVDGYLVHGWRFKHFNWKHLGHQWLILHUVDQGWRREWDLQUHDVVXUDQFHDERXWWKHLGHQWLILHUVXVHGIRUWKHOLQNLQJEHWZHHQSDWLHQWDQGVDPSOH

7KHIROORZLQJLQIRUPDWLRQLVPDQGDWRU13RQVDPSOHV

x 6XUQDPHDQGIRUHQDPHLQIXOOx DWHRIELUWKx 1+6QXPEHU0DQGDWRUZKHUHDYDLODEOHx DWHDQGWLPHLISHUWLQHQWRIVDPSOHFROOHFWLRQ

13ampHUWDLQ H[FHSWLRQV DSSO HJ DQRQPLVHG VDPSOHVZLWK D XQLTXH LGHQWLILHU VXFKDV D80FOLQLFSDWLHQWWHVWUHTXHVWRUIRUQRQ8 QDWLRQDOVZKHUHQR1+6QXPEHUH[LVWV

7KHIROORZLQJDGGLWLRQDOLQIRUPDWLRQLVDOVRUHTXLUHGRQWKHUHTXHVWIRUP

x 5HTXHVWLQJKRVSLWDOQDPHLQIXOOLQFOXGLQJWRZQRUFLW

x QRZQULVNVDPSOHx 1+6RU1RQ1+6x 7SHRILQYHVWLJDWLRQVUHTXHVWHGx LDJQRVLVWUHDWPHQWx 2WKHUUHOHYDQWFOLQLFDOGHWDLOVx 7SHRIVDPSOHLIQRWSHULSKHUDOEORRG

1+67VKRXOGEHLQIRUPHGLIVDPSOHVDUHIURPQRQ1+6 RUSULYDWH SDWLHQWV RUZKHWKHU IURP DSDWLHQWRUDGRQRU7KHWHUPVDQGFRQGLWLRQVRIVHUYLFHSURYLVLRQIRUWKH1+6E1+67DUHDJUHHGZLWKWKH1DWLRQDOampRPPLVVLRQLQJURXS6HUYLFHSURYLVLRQIRUQRQ1+6SDWLHQWVPDEHFKDUJHGGLIIHUHQWO

ampOLQLFDO LQIRUPDWLRQ LVHVVHQWLDO IRUSURYLGLQJWKHPRVWDSSURSULDWHWHVWLQJDQGDGYLFH7KHTXDOLWRIFOLQLFDO DGYLFH ZLOO DOVR GHSHQG RQ SURYLVLRQ RI DGHTXDWH FOLQLFDO LQIRUPDWLRQ $EVHQFH RI FOLQLFDOLQIRUPDWLRQPD OHDG WRDGHOD LQ WKHSURFHVVLQJRI WKHVDPSOHZKLOH WKHUHTXHVWHU LVFRQWDFWHGWRFODULIRUDVFHUWDLQWKHWSHRILQYHVWLJDWLRQVUHTXLUHG

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


1+67VWRUHVSDWLHQW DQGGRQRU GDWDRQDQDWLRQDOGDWDEDVHDQGWKHXVHRIKRVSLWDOQXPEHUZLWKRXWRWKHUSRLQWVRI LGHQWLILFDWLRQPD OHDGWRHUURUVDVDKRVSLWDOQXPEHU LVQRWDXQLTXH LGHQWLILHU1+6QXPEHUPXVWEHXVHGLQDFFRUGDQFHZLWKHSDUWPHQWRI+HDOWKUHTXLUHPHQWVH[FHSWLQFDVHVZKHUHWKHLQGLYLGXDOKDVQR1+6QXPEHURUZKHUHDQRQPLWLVPDQGDWHGIWKHDGGUHVVLVSURYLGHG WKHQLWPDEHHQWHUHGRQWKHSDWLHQWparaV1+67FRPSXWHUUHFRUGDQGDSSHDURQVRPHSDWLHQWUHSRUWVIWKHDGGUHVVFRQWULEXWHVWRWKHTXDOLWRILGHQWLILFDWLRQ WKHQLWPDEHXVHGDVDIRUPRILGHQWLILFDWLRQ

(lt)$amp72567+$70$lt$))(amp77(671

7KHIROORZLQJNHIDFWRUVPDDIIHFWWKH WHVWVWKDWDUHSHUIRUPHGE RXUODERUDWRULHV

7DEOH6XPPDURINHIDFWRUVWKDWPDDIIHFW WHVWLQJ

)DFWRU $GYLFHWRPLQLPLVHLPSDFW

6DPSOHVWRUDJHWLPHQJHQHUDOVDPSOHVVKRXOGEHVHQWWRWKHODERUDWRUZLWKPLQLPXPGHODLGHDOOWRDUULYHZLWKLQKRXUVRIVDPSOHFROOHFWLRQ

6DPSOHVWRUDJHDQGWUDQVSRUWDWLRQWHPSHUDWXUH QJHQHUDOVWRUDJHDQGWUDQVSRUWRIVDPSOHVVKRXOGEHDWDPELHQWWHPSHUDWXUH

$QWLFRDJXODQW

WLVLPSRUWDQWWRFROOHFWVDPSOHVLQWRWKHFRUUHFWWXEHV3OHDVHHQVXUHWKHFRUUHFWDQWLFRDJXODQWXVXDOO(7$RUQRDQWLFRDJXODQWFORWLVXVHGWLVDOVRLPSRUWDQWWRVXSSODGHTXDWHYROXPHVRIEORRGWRDOORZFRPSOHWLRQRIWHVWLQJVDPSOHWSHVDQGYROXPHVDUHOLVWHGLQ7DEOH

RZZKLWHEORRGFHOO SODWHOHWFRXQW 1RWHORZFRXQWRQWHVWUHTXHVWIRUPampRQGLWLRQDQGRUGUXJUHJLPH HJPPXQRVXSSUHVVDQWVVXFKDV9J

1RWHPHGLFDWLRQWUHDWPHQWVRQWHVWUHTXHVWIRUP

)RU IXUWKHU GHWDLOV SOHDVH UHIHU WR 1+67 + WHVW UHTXHVW IRUPV ZKLFK FDQ EH DFFHVVHG YLDKWWSWLQXUOFRPKLIRUPVDQGLQIRUPDWLRQLQ7DEOHsup36XPPDURIYROXPHVDQGWSHRIEORRGVDPSOHVUHTXLUHGIRUHDFKWHVWacute RUFRQWDFWRXUORFDO+ODERUDWRUIRUKHOSDQGDGYLFH

$ampamp(37$1amp(076)25 6$03($(

$FFHSWDQFHOLPLWVIRUVDPSOHDJHLVVXPPDULVHGLQWDEOH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7DEOH6XPPDURIDFFHSWDQFH OLPLWVIRUVDPSOHDJH

7HVW 6DPSOHDJH

1$EDVHGWHVWV1RUHVWULFWLRQVLI1$RIQHFHVVDUTXDOLWFDQEHH[WUDFWHG13

+$VSHFLILFDQWLERGVFUHHQLQJ QJHQHUDOWKHVDPSOHDJHOLPLWRIGDVRIGDWHEOHG13+3$DQWLERGVFUHHQLQJ QJHQHUDOWKHVDPSOHDJHOLPLWRIGDVRIGDWHEOHG13+1$DQWLERGVFUHHQLQJ QJHQHUDOWKHVDPSOHDJHOLPLWRIGDVRIGDWHEOHG13+1$SKHQRWSH HVVWKDQKUVRIGDWHEOHG+7WHVWLQJ QJHQHUDOWKHVDPSOHDJHOLPLWRIGDVRIGDWHEOHG13

ampKLPHULVPDQDOVLV0D[LPXPLVKRXUVRIGDWHEOHGWRFRPSOHWHFHOOOLQHDJHVHSDUDWLRQ

ampURVVPDWFK6DPSOHVZKHUHWKHFHOOYLDELOLWLVEHORZDSSUR[LPDWHO PDQRWEHXVHG

1$1FURVVPDWFK HVVWKDQKUVRIGDWHEOHG3ODWHOHWFURVVPDWFKIRU1$7 HVVWKDQKUVRIGDWHEOHGLUHFWJUDQXORFWHWHVWV HVVWKDQKUVRIGDWHEOHGLUHFWSODWHOHWWHVWV HVVWKDQKUVRIGDWHEOHG

137HVWLQJFDQWDNHSODFHDWDODWHUGDWHSURYLGLQJVDPSOHKDVEHHQH[WUDFWHG1$RUVHSDUDWHGVHUXPSODVPDDQGVWRUHGLQDFFRUGDQFHZLWKDVVDPDQXIDFWXUHULQVWUXFWLRQV

GHDOO VDPSOHVVKRXOGDUULYHDWWKHODERUDWRUZLWKLQRQHGDRIEOHGGDWHWRHQVXUHVDPSOHDJHLVQRWDOLPLWDWLRQIDFWRUIRUWHVWLQJ

3OHDVHFRQWDFWRXUORFDO+ODERUDWRUIRUKHOSDQGDGYLFH

70(076)255(48(671$721$($01$7216

HDSSUHFLDWHWKHUHDUHWLPHVZKHQRXQHHGWRUHTXHVWDGGLWLRQDOWHVWVRQ DVDPSOHZHKDYHDOUHDGUHFHLYHG 3OHDVHEHDZDUHWKDWQRWDOOVSHFLPHQVZLOOEHVXLWDEOHIRUDGGLWLRQDOWHVWVRUUHWHVWLQJGXHWRVDPSOHWSHDJHTXDQWLW RUTXDOLWEXWSOHDVHFRQWDFWRXUORFDO+ODERUDWRU IRUIXUWKHUKHOSDQGDGYLFH3OHDVHQRWHWKHFRQWURO RIFOLQLFDOPDWHULDOLQWKHODERUDWRULHVLV LQDFFRUGDQFHZLWKWKHUHTXLUHPHQWVRIWKH+XPDQ7LVVXH$FWDQGWKH5RDOampROOHJHRI3DWKRORJLVWVJXLGHOLQHV7KH5HWHQWLRQDQG6WRUDJHRI3DWKRORJLFDO5HFRUGVDQG6SHFLPHQV7KLVOLVWVWKHPLQLPXPVWRUDJHUHTXLUHPHQWVIRUWKHWHVWVZHSURYLGHWKHUHIRUHLIUHTXHVWVIRUDGGLWLRQDOWHVWLQJH[FHHGWKHVHUHTXLUHPHQWV ZHPDQRWVWLOOKDYHWKHVDPSOHLQRXUDUFKLYH

9280($17lt3(62)6$03(

5HIHU WR 7DEOH IRU WKH YROXPHV DQG WSH RI EORRG VDPSOHV UHTXLUHG IRU HDFK WHVW )RU IXUWKHULQIRUPDWLRQ UHIHUWR WKHUHTXHVWIRUPVYLDWKH1+67sup3+RVSLWDO6FLHQFHacute ZHEVLWHampRQWDFWWKHUHOHYDQWODERUDWRU ZKHQ UHIHUULQJ VDPSOHV RI LQIDQWV OHVV WKDQ PRQWKV WR GLVFXVV WKH PLQLPXP VDPSOHUHTXLUHPHQWV

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7DEOH6XPPDURIYROXPHVDQGWSHVRIEORRGVDPSOHVUHTXLUHGIRUHDFKWHVW

7HVW 6DPSOHUHTXLUHPHQWV DERUDWRU7UDQVIXVLRQ7UDQVIXVLRQ5HDFWLRQV13QLWLDO LQYHVWLJDWLRQRI3ODWHOHWUHIUDFWRULQHVV

PO(7$DQGPOFORW

RFDO+ODERUDWRU131WKLVLQYHVWLJDWLRQUHTXLUHVDQ+$WSHDQG+$DQWLERGVFUHHQ)ROORZXSWHVWLQJRISODWHOHWUHIUDFWRULQHVV POFORW+$WSH PO(7$+$VSHFLILFDQWLERGVFUHHQ POFORW

7UDQVIXVLRQ5HODWHG$FXWHXQJQMXU75$

3UHWUDQVIXVLRQVHUXPVDPSOHPOFORWPO(7$SDWLHQWRQDWLRQQXPEHUVRIDOOEORRGSURGXFWVWUDQVIXVHGKUVEHIRUHHYHQW

)LOWRQ

7UDQVIXVLRQ$VVRFLDWHGUDIW9HUVXV+RVWLVHDVH7$9+

LVFXVVVDPSOHUHTXLUHPHQWVZLWK+FRQVXOWDQW RFDO+ODERUDWRU

UDQXORFWHPPXQRORJ1HRQDWDO$OORPPXQH1HXWURSHQLD1$1IRULQLWLDOVFUHHQplusmn ampRQWDFW)LOWRQODEWRGLVFXVVFURVVPDWFKUHTXLUHPHQWV

0DWHUQDO PO(7$POFORW3DWHUQDO PO(7$1HRQDWH PO(7$

)LOWRQ$XWRLPPXQHQHXWURSHQLD POFORWVPDOOHUYROXPHVSHUPLVVLEOHIRULQIDQWV

UXJUHODWHGQHXWURSHQLDPOFORWVDPSOHRIGUXJVampRQWDFWWKHODERUDWRUEHIRUHUHIHUULQJVDPSOHV

3ODWHOHWPPXQRORJ)RHWDO1HRQDWDO$OORPPXQH7KURPERFWRSHQLD 1$7IRULQLWLDOVFUHHQampRQWDFW)LOWRQODEWRGLVFXVVFURVVPDWFKUHTXLUHPHQWV


)LOWRQ

+HSDULQQGXFHG7KURPERFWRSHQLD+7 POFORW

2WKHUGUXJUHODWHGWKURPERFWRSHQLDV13POFORWVDPSOHRIGUXJVampRQWDFWWKHODERUDWRUEHIRUHUHIHUULQJVDPSOHV

+7DOHUW13$XWRLPPXQHWKURPERFWRSHQLD [PO(7$DQGPOFORWFRQWDFWODERUDWRU3RVW7UDQVIXVLRQ3XUSXUD373 PO(7$DQGPOFORW3ODWHOHWJOFRSURWHLQHVWLPDWLRQIRUWKURPEDVWKHQLDLQYHVWLJDWLRQ

ampRQWDFWWKHODERUDWRUEHIRUHUHIHUULQJVDPSOHV

+DHPDWRSRLHWLF6WHPampHOO7UDQVSODQWDWLRQ

3DWLHQWV+$WSHplusmn PO(7$1313HSHQGLQJRQampFRXQW

RFDO+ODERUDWRURQRU+$WSH PO(7$+$VSHFLILFDQWLERGLHV POFORWampKLPHULVPDQDOVLV [PO(7$6ROLG2UJDQ7UDQVSODQWDWLRQ+$WSHRISDWLHQWGRQRUVRUIDPLOPHPEHUV

PO(7$

RFDO+ODERUDWRU

+$VSHFLILFDQWLERGLHV POFORWampURVVPDWFK OLYHGRQRU PO(7$Aacute GRQRU

POFORWUHFLSLHQWampURVVPDWFK GHFHDVHGGRQRU POFORWUHFLSLHQW

PO(7$Aacute GRQRU25VSOHHQRUOPSKQRGHDVDSSURSULDWH

Aacute1HZFDVWOHUHTXLUHL+HSDULQ167($RI(7$IRUFURVVPDWFKLQJ$XWRFURVVPDWFK PO(7$POFORWUHFLSLHQW RFDO+ODERUDWRUPPXQRJHQHWLFV+$WSLQJIRUGLVHDVHDVVRFLDWLRQDQGGUXJKSHUVHQVLWLYLW

PO(7$ RFDO+ODERUDWRU

3OHDVHQRWH ^ĂŵƉůĞƐĨŽƌKŐƌŽƵƉŝŶŐDh^dďĞƐĞŶƚĚŝƌĞĐƚůǇƚŽE^dZůĂďŽƌĂƚŽƌŝĞƐĂĐĐŽŵƉĂŶŝĞĚďǇ

ĂŶĂƉƉƌŽƉƌŝĂƚĞĐŽŵƉůĞƚĞĚƚĞƐƚƌĞƋƵĞƐƚĨŽƌŵʹ ϭdŚĞE^dZhƐĞƌƵŝĚĞĐĂŶďĞĂĐĐĞƐƐĞĚĂƚ ŚƚƚƉƐŶŚƐďƚĚďĞďůŽďĐŽƌĞǁŝŶĚŽǁƐŶĞƚƵŵďƌĂĐŽͲĂƐƐĞƚƐͲĐŽƌƉϭϲϮϳϰŝŶĨϲϲϵͲƌĞĚͲĐĞůůͲŝŵŵƵŶŽŚĂĞŵĂƚŽůŽŐǇͲƵƐĞƌͲŐƵŝĚĞƉĚĨ

ΎdŚĞƐĞĂƐƐĂǇƐĂƌĞ ŝƐŶŽƚĐƵƌƌĞŶƚůǇŝŶĐůƵĚĞĚǁŝƚŚŝŶŽƵƌƐĐŽƉĞŽĨĂĐĐƌĞĚŝƚĂƚŝŽŶ ĨŽƌ^Kϭϱϭϴϵhlt^ͿdŚŝƐǁŝůůďĞŚŝŐŚůŝŐŚƚĞĚŽŶƚŚĞƌĞƉŽƌƚƚŚĂƚǇŽƵƌĞĐĞŝǀĞ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


KƌĂŐĞŶĞEĞŶŽƚĞŬďƵĐĐĂůƐǁĂďŬŝƚƐŵĂǇďĞƵƐĞĚŝŶĐĂƐĞƐǁŚĞƌĞEĐŽŶĐĞŶƚƌĂƚŝŽŶƐŝŶǁŚŝƚĞďůŽŽĚĐĞůůƐĂƌĞůŽǁWůĞĂƐĞĐŽŶƚĂĐƚůĂďŽƌĂƚŽƌǇĨŽƌĂĚǀŝĐĞ

7lt3(2)5(48(67

7KHWSHDQGUHDVRQIRUWKHUHTXHVWPXVWEHFOHDUOLGHQWLILHGXVLQJWKHDSSURSULDWHWHVWUHTXHVWIRUP

amp216(17

7RFRPSOZLWKWKH+XPDQ7LVVXH$FWOHJLVODWLRQ+XPDQ7LVVXH$FWLWLVWKHUHVSRQVLELOLWRIWKHUHTXHVWHUWRHQVXUHWKDWDQSDWLHQWRUGRQRUKDVEHHQLQIRUPHGRIDQGKDVFRQVHQWHGWRWKHWHVWVEHLQJUHTXHVWHG

1+67PDDVNWKHUHTXHVWHUWRSURYLGHDFRSRIWKLVLQIRUPDWLRQ 3DWLHQWVGRQRUVVKRXOGEHLQIRUPHGWKDWDQUHVLGXDOPDWHULDORIDVDPSOHPDEH VWRUHGDVSDUWRIUHTXLUHGDUFKLYLQJSURWRFROVRUWRHQDEOHIXUWKHULQYHVWLJDWLRQIRUWKHEHQHILWRIWKHLQGLYLGXDO 7KHDOVRPXVWEHLQIRUPHGWKDWH[FHVVVXUSOXVPDWHULDOPDEHXVHGDQRQPRXVOIRUTXDOLWFRQWUROSXUSRVHVVHUYLFHGHYHORSPHQWRUHGXFDWLRQDQGRUHWKLFVFRPPLWWHHDSSURYHGUHVHDUFKSURMHFWV

KHUHSDWLHQWRUGRQRUFRQVHQWLVUHTXLUHGLWLVWKHUHVSRQVLELOLWRIWKHUHTXHVWHUWRHQVXUHWKHVXEMHFWVRIDQWHVWVKDYHJLYHQLQIRUPHGFRQVHQW 8QOHVVZULWWHQQRWLFHLVUHFHLYHGWRWKHFRQWUDUFRQVHQWIRULQYHVWLJDWLRQV DQG WKH XVH RI DQ VXUSOXV VDPSOH LQ VFKHGXOHG SXUSRVHV TXDOLW FRQWURO VWDIIGHYHORSPHQWRUHWKLFVFRPPLWWHHDSSURYHGUHVHDUFKZLOOEHDVVXPHG

$OOLQIRUPDWLRQSURYLGHGWR1+6ORRGDQG7UDQVSODQWLVXVHGLQDFFRUGDQFHZLWKWKHHQHUDODWD3URWHFWLRQ5HJXODWLRQ35DQGDOORWKHUDSSOLFDEOHSULYDFOHJLVODWLRQ)RUPRUHLQIRUPDWLRQRQKRZZHORRNDIWHUSHUVRQDOGHWDLOVRUWRILQGRXWPRUHDERXWSULYDFULJKWVYLVLWZZZQKVEWQKVXNSULYDF RUFDOO 1+67DUHFRPPLWWHGWRNHHSLQJGDWDVDIHDQGFRQILGHQWLDO

1+67+ ODERUDWRULHVKDYHGHYHORSHGDVHULHVRISDWLHQW LQIRUPDWLRQ OHDIOHWV WRDVVLVWKHDOWKFDUHSURIHVVLRQDOVWRREWDLQLQIRUPHGFRQVHQWIRUGLDJQRVWLFWHVWLQJ7KHOHDIOHWVH[SODLQZKDWKDSSHQVWRWKHLU VDPSOHV DQG ZK WKH WHVWV DUH XQGHUWDNHQ Q DGGLWLRQ WKHUH LV D EULHI H[SODQDWLRQ RI +LQYHVWLJDWLRQV 7KHOHDIOHWVDUHDYDLODEOHWRGRZQORDGIURPWKH1+67sup3+RVSLWDO6FLHQFHacute ZHEVLWHDW KWWSVKRVSLWDOEORRGFRXNGLDJQRVWLFVHUYLFHVKLVWRFRPSDWLELOLWDQGLPPXQRJHQHWLFVSDWLHQWLQIRUPDWLRQOHDIOHWV

7DEOH6XPPDURI+SDWLHQWOHDIOHWV

3DWLHQWQIRUPDWLRQOHDIOHW RFXPHQW1R DERUDWRU+LVWRFRPSDWLELOLWWHVWLQJIRUNLGQHWUDQVSODQWGRQRUV 1)

RFDOVROLGRUJDQ+ODERUDWRU+LVWRFRPSDWLELOLWWHVWLQJIRUNLGQHWUDQVSODQWSDWLHQWV 1)+LVWRFRPSDWLELOLWWHVWLQJIRUFDUGLRWKRUDFLFWUDQVSODQWSDWLHQWV 1)+LVWRFRPSDWLELOLWWHVWLQJIRUSODWHOHWWUDQVIXVLRQSDWLHQWV 1)

RFDO+ODERUDWRU+LVWRFRPSDWLELOLWWHVWLQJIRUVWHPFHOOWUDQVSODQWSDWLHQWV 1)+LVWRFRPSDWLELOLWWHVWLQJIRUSRVVLEOHGRQRUVRUUHODWLYHVRIVWHPFHOOWUDQVSODQWSDWLHQWV

1)

PPXQRJHQHWLFPDUNHUVDQGGLDJQRVLQJGLVHDVHV 1)+HSDULQLQGXFHGWKURPERFWRSHQLD+7ltRXUEDFNJURXQGJXLGHWR+7DQGWKHDVVRFLDWHGODERUDWRUWHVWLQJ

1))LOWRQ

QIRUPDWLRQIRUPRWKHUVDERXWQHXWURSKLOEORRGJURXSVDQG1HRQDWDODOORLPPXQH1HXWURSHQLD1$1

1)

3ODWHOHWJURXSVDQWLERGLHVLQSUHJQDQF 1)

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257

WLVWKHUHVSRQVLELOLWRIWKHUHTXHVWHU WRHQVXUHWKDWDOOVDPSOHVDUHSDFNDJHGLQDFFRUGDQFHZLWKWKHFXUUHQW(XURSHDQDJUHHPHQWFRQFHUQLQJampDUULDJHRIDQJHURXVRRGVE5RDG5HJXODWLRQVDQG$7$SDFNDJLQJLQVWUXFWLRQV3WRSUHYHQWEUHDNDJHRUVSLOODJHLQWUDQVLW

0DQGDWRUUHJXODWLRQV

)RUDOOWUDQVSRUWSXUSRVHVSDWKRJHQVDUHDVVLJQHGDFFRUGLQJWRFDWHJRULHV$DQG8QOHVVLWLVNQRZQRUUHDVRQDEOEHOLHYHGWRFRQWDLQLQIHFWLRXVVXEVWDQFHRIFDWHJRU$HJKDHPRUUKDJLFIHYHUVDOOKXPDQRUDQLPDOPDWHULDOLVUHJDUGHGDVFDWHJRU81

ampDWHJRU$

ampDWHJRU$LQFOXGHVKLJKHUULVNLQIHFWLRXVPLFURRUJDQLVPVGHILQHGDVDQLQIHFWLRXVVXEVWDQFHZKLFKLVWUDQVSRUWHGLQDIRUPWKDWZKHQH[SRVXUHWRLWRFFXUVLVFDSDEOHRIFDXVLQJSHUPDQHQWGLVDELOLWOLIHWKUHDWHQLQJRUIDWDOGLVHDVHLQRWKHUZLVHKHDOWKKXPDQVRUDQLPDOVIVHQGLQJFDWHJRU$VXEVWDQFHV SOHDVHSKRQHWKHWHVWLQJODERUDWRU DQGGLVFXVVWKHDUUDQJHPHQWVEHIRUHVHQGLQJ

ampDWHJRU

ampDWHJRULQFOXGHVLQIHFWLRXVVXEVWDQFHVWKDWGRQRWPHHWWKHFULWHULDIRULQFOXVLRQLQFDWHJRU$DQGLQFOXGHKXPDQDQGDQLPDOPDWHULDOVXFKDVEXWQRWOLPLWHGWRH[FUHWDVHFUHWDEORRGDQGLWVFRPSRQHQWVWLVVXHDQGWLVVXHIOXLGVDQGERGSDUWVEHLQJWUDQVSRUWHGIRUSXUSRVHVVXFKDVUHVHDUFKGLDJQRVLVLQYHVWLJDWLRQDODFWLYLWLHVGLVHDVHWUHDWPHQWRUSUHYHQWLRQ7KHVHDUHDVVLJQHGWR81GLDJQRVWLFRUFOLQLFDOVSHFLPHQVDQGPXVWEHSDFNHGWR3DFNLQJQVWUXFWLRQV3

6HQGLQJVSHFLPHQVESRVW1+677UDQVSRUW

$OOGLDJQRVWLFVDPSOHVVHQWDUHWREHGHHPHGDQGODEHOOHGLRORJLFDO6XEVWDQFHampDWHJRU81DQGPXVWPHHW3

x 3ULPDULQQHUUHFHSWDFOHVHDOHGDQGOHDNSURRI

x 6HFRQGDUUHFHSWDFOHVHDOHGDQGOHDNSURRI

x 5LJLGRXWHUSDFNDJLQJWKHRXWHUSDFNDJHPXVWDOVRKDYHRQHVLGHZLWKWKHPLQLPXPGLPHQVLRQVRIPP[PP

x 6DPSOHVSDFNDJLQJPXVWEHODEHOOHGZLWKDQHPHUJHQFFRQWDFWQDPHDQGWKHIDFWWKDWWKHSDFNDJHLVDGLDJQRVWLFVSHFLPHQSDFNHGLQFRPSOLDQFH3

x KHQSRVWLQJRQOILUVWFODVVSRVWRUGDWDSRVWVKRXOGEHXVHG

x $OOSDFNDJHVPXVWXVHDYLVLEOHGLDPRQGRQSRLQWODEHO81PLQUHTXLUHGLPHQVLRQRIWKLVGLDPRQGDUHPP[PP

x $GMDFHQWWRWKHGLDPRQGPXVWEHWKHODEHOLRORJLFDO6XEVWDQFHampDWHJRUDQGDOOWH[W0867EHPPLQKHLJKW

x 3QRZSHUPLWVXSWROLWUHSHUSULPDUUHFHSWDFOHZLWKDWRWDORIOLWUHV SHUSDFNDJHIRUOLTXLGVDQGNJIRUVROLGV(LWKHUSULPDURUVHFRQGDUUHFHSWDFOHPXVWZLWKVWDQGSUHVVXUHRIN3DDQGDPHWHUGURSWHVW

7KHRXWVLGHRIWKHER[RUSDFNDJHFRQWDLQLQJWKHVDPSOHVPXVWEHFOHDUODGGUHVVHGWRWKH+HSDUWPHQWDWWKHDSSURSULDWHORRGampHQWUHZKHUHWKHWHVWLQJODERUDWRULVEDVHGLQFOXGLQJsup3)$2+HSDUWPHQW LDJQRVWLF6DPSOHVacute DVWKHILUVWOLQHRIWKHDGGUHVVWRSUHYHQWGHOLYHUWR+VDPSOHUHFHSWLRQEHLQJGHODHG

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3OHDVHQRWH WKDWWKHDSSURSULDWH 1+67 ODERUDWRU PDQRWEHDWRXUORFDOEORRGFHQWUH1+67UHVHUYHVWKHULJKWWRUHIXVHWRKDQGOHDQVDPSOHVZKLFKDUHLQDSSURSULDWHOSDFNDJHGRUODEHOOHGFXVWRPHUVVHQGLQJXQVDWLVIDFWRULOSDFNDJHGVDPSOHVZLOOEHFRQWDFWHG

$GGUHVVODEHOWHPSODWHVIRU+ODERUDWRULHVFDQEHGRZQORDGHGIURPKWWSVKRVSLWDOEORRGFRXNGLDJQRVWLFVHUYLFHVKLVWRFRPSDWLELOLWDQGLPPXQRJHQHWLFVODEHOVIRUVDPSOHER[HV

)RUDGYLFHIURPWKH+HDOWKDQG6DIHW([HFXWLYH+6(RQSDFNDJLQJIRUSRVWLQJVDPSOHVVHHKWWSZZZKVHJRYXNELRVDIHWEORRGERUQHYLUXVHVWUDQVSRUWDWLRQRILQIHFWLRXVVXEVWDQFHVKWP

+(5(726(16$03(6

$FFXUDWH FRPSOHWLRQ RI WKH UHTXHVW IRUPDQG FOHDU ODEHOOLQJ LV HVVHQWLDO IRU DQ HIIHFWLYH WUDQVIHU RIVDPSOHVWRWKHWHVWLQJ ODERUDWRU(QVXUHH[WHUQDOSDFNDJLQJLV FOHDUODGGUHVVHGWRWKHDSSURSULDWH+ODERUDWRUZKHUHWKHWHVWLQJLVFRPSOHWHG7KLVPDQRWEHRXUQHDUHVW1+67FHQWUH 6DPSOHVIRUQRQXUJHQWWHVWLQJFDQEHJLYHQWRRXU1+67EORRGGHOLYHUGULYHUYLDWKHKRVSLWDO WUDQVIXVLRQODERUDWRU

)RULQYHVWLJDWLRQVQRWDYDLODEOHIURPRXUORFDOEORRGFHQWUHLWLVDGYLVDEOHWRVHQGVDPSOHVGLUHFWOWRWKH+ODERUDWRUFRQGXFWLQJWKHWHVWLQJ VHHWDEOH IRUVLWHVSHFLILFWHVWLQJ

6DPSOHVIRUSODWHOHWLPPXQRORJDQGJUDQXORFWHLPPXQRORJLQYHVWLJDWLRQVVKRXOGEHVHQWGLUHFWOEILUVWFODVVSRVWWRWKH+ODERUDWRUDW)LOWRQ WRDYRLGGHODV

8UJHQWVDPSOHV

)RUXUJHQWWHVWLQJRIVDPSOHVSOHDVHSKRQHWKHWHVWLQJODERUDWRU DQGGLVFXVVWKHDUUDQJHPHQWVIRUVHQGLQJ WKH VDPSOHV 8UJHQW VDPSOHV VKRXOG EH WUDQVSRUWHG GLUHFWO IURP WKH KRVSLWDO WUDQVIXVLRQODERUDWRU WUDQVSODQW XQLW RU UHTXHVWLQJ FOLQLFLDQ WR WKH EORRG FHQWUH ZKHUH WHVWV DUH SHUIRUPHG3DFNDJHV FRQWDLQLQJ XUJHQW VDPSOHV PXVW EH FOHDUO ODEHOOHG LQFOXGLQJ sup3)$2 + HSDUWPHQW LDJQRVWLF6DPSOHV 85(17acuteWRHQVXUHVDPSOHVGRQRWJRDVWUD

5(3257170(

QRIFDVHV1+67DLPWRLVVXHUHSRUWVIRU1$LQYHVWLJDWLRQVZLWKLQVHYHQ ZRUNLQJGDVIURPUHFHLSWRIWKHVDPSOHVLQWKHODERUDWRU$ORQJHUWXUQDURXQGWLPHPDDSSOWRRWKHULQYHVWLJDWLRQV

+$VSHFLILFDQWLERGWHVWUHSRUWVIRUSDWLHQWVpara UHIUDFWRUWRSODWHOHWWUDQVIXVLRQZLOOQRUPDOOEHLVVXHGZLWKLQ VHYHQZRUNLQJGDV 3UHOLPLQDU UHSRUWVRI+$ VSHFLILF DQWLERG SRVLWLYLWPDEHDYDLODEOHVRRQHUXSRQGLVFXVVLRQZLWKWKHORFDOODERUDWRU

UXJGHSHQGHQWDQWLERGVFUHHQLQJRWKHUWKDQKHSDULQLQGXFHGWKURPERFWRSHQLDPDWDNHXSWRZRUNLQJGDVDVWKHVHLQYHVWLJDWLRQVRIWHQUHTXLUHDGGLWLRQDOVWXGLHV

5HSRUWVIRUFRPSOH[FDVHVHJVDPSOHVIRUWUDQVSODQWUHTXLULQJPXOWLVWDJHWHVWLQJIDPLORUFRPELQHGGRQRUUHFLSLHQW UHSRUWV UHTXLULQJFROODWLRQRI WHVW UHVXOWV IURPPXOWLSOH VDPSOHV ZLOO WDNH ORQJHU WKDQVHYHQ GDVIURPUHFHLSWRIWKHILUVWWHVWUHTXHVWVDPSOHWRWKHJHQHUDWLRQRIWKHILQDOUHSRUW

QRIFDVHV1+67DLPWRLVVXHUHSRUWVIRUJUDQXORFWHLPPXQRORJLQYHVWLJDWLRQVZLWKLQZRUNLQJGDVIURPUHFHLSWRIWKHVDPSOHVLQWKHODERUDWRUIIXUWKHUVSHFLILFLQYHVWLJDWLRQVDUHUHTXLUHGWKHWXUQDURXQGWLPHPDH[WHQGWRZRUNLQJGDV

ORRGVDPSOHVUHIHUUHGIRUIRHWDO+3$WSLQJZLOOEHWHVWHGDQGWKHUHVXOWVUHSRUWHGZLWKLQZRUNLQJGDV RI UHFHLSW RI WKH VDPSOH $PQLRFWHV UHIHUUHG IRU IRHWDO +3$ WSLQJ ZLOO EH WHVWHG DQG WKHSURYLVLRQDOUHVXOWVUHSRUWHGZLWKLQZRUNLQJGDV IURP WKHUHFHLSWRIWKHVDPSOH LQWKHODERUDWRU$

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ILQDOUHSRUWLVRQOLVVXHGDIWHUWSLQJRIFXOWXUHGDPQLRFWHVHSHQGLQJRQWKHQXPEHURIYLDEOHFHOOVD IXUWKHUGDVPDEH UHTXLUHGEHIRUHVXIILFLHQWFHOOVDUHDYDLODEOH IRUFRQILUPDWRU WSLQJ WREHFRPSOHWHG

HWDLOVDUHVXPPDULVHGLQ7DEOH

7DEOH6XPPDURIUHSRUWLQJWLPH

6HUYLFH 5HSRUW ZLWKLQ

PPXQRORJLFDOUHIUDFWRULQHVVWRSODWHOHWV

+$WSH ZRUNLQJGDV

+$VSHFLILFDQWLERGVFUHHQ ZRUNLQJGDV

3ODWHOHWPPXQRORJ3

3ODWHOHWDQWLERGVSHFLILFLWHJ1$71313 ZRUNLQJGDV+7 ZRUNLQJGDV+7 XUJHQWUHVXOW13 ZRUNLQJGD2WKHUGUXJLQGXFHGWKURPERFWRSHQLD ZRUNLQJGDV)RHWDO+3$WSLQJ ZRUNLQJGDV

UDQXORFWHPPXQRORJ $OOWHVWV ZRUNLQJGDV+DHPDWRSRLHWLF6WHPampHOO7UDQVSODQWDWLRQ+6amp7

+$WSH FODVVDQG ZRUNLQJGDV

6ROLG2UJDQ7UDQVSODQWDWLRQ+$WSH FODVVDQG ZRUNLQJGDV+$VSHFLILFDQWLERGVFUHHQ ZRUNLQJGDV8UJHQWUHVXOW GD

PPXQRJHQHWLFV $OOWHVWV ZRUNLQJGDVampKLPHULVP$QDOVLV $OOWHVWV ZRUNLQJGDV

137KLVPXVWEHGLVFXVVHGZLWKWKHODERUDWRUDKHDGRIVHQGLQJWKHVDPSOH1313+3$DQWLERGWHVWLQJPDUHTXLUHZRUNLQJGDVGHSHQGLQJRQGRQRUDYDLODELOLW

amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV

7KH+ODERUDWRULHVDUHVXSSRUWHGEQDWLRQDOFRPSXWHUVVWHPV+HPDWRV386(RQZKLFKSDWLHQWDQGGRQRUGDWDDUHVWRUHG1+67FRPSXWHUVVWHPVDUHUHJLVWHUHGXQGHUWKHDWD3URWHFWLRQ$FW$FFHVVWRWKHGDWDEDVHLVRQDmicroQHHGWRNQRZparaEDVLVIRUmicroFOLQLFDOFDUHSXUSRVHRQOparaDQGFRQILGHQWLDOLWLVUHVSHFWHGDWDOOWLPHV

5HSRUWLQJ

1+67+KDVHOHFWURQLFUHSRUWLQJFDSDELOLWLHVIRU WKRVHUHTXHVWHUVZLWK11+6QHWZRUNDFFHVV7KLVVVWHPLVEDVHGRQWKH6XQTXHVWamp(HOHFWURQLFUHSRUWLQJVVWHPDQGLVQDPHG6Samp(6SHFLDOLVW6HUYLFHVamp(

6Samp(ZLOOUHGXFHVLJQLILFDQWOWKHWLPHWDNHQIRUUHSRUWVWREHDYDLODEOHWRUHTXHVWHUVRQFHWKHKDYHEHHQDXWKRULVHGIRUUHOHDVH DOOUHSRUWVVKRXOGEHYLVLEOHWRWKRVHZLWKDFFHVVWRWKHPRQWKHVVWHPZLWKLQRQHKRXURIWKHUHSRUWEHLQJDXWKRULVHGDVRSSRVHGWREHLQJGHODHGEWKHSULQWLQJDQGSRVWDOGHOLYHUSURFHVV+DUGFRSUHSRUWVZLOOFRQWLQXHWREHVHQWLQDGGLWLRQWRWKHHOHFWURQLFUHSRUWVXQWLO1+67LVLQIRUPHGEUHTXHVWHUVWKDWWKHDUHQRORQJHUUHTXLUHG

7KHEDVLFSULQFLSOHIRUKDUGFRSUHSRUWV LV IRU WKHPWREHVHQW WRWKHUHTXHVWHU3OHDVHFRQWDFW WKHODERUDWRULIRXUHTXLUHGLIIHUHQWKDUGFRSUHSRUWLQJDUUDQJHPHQWVKHQUHTXHVWHGXUJHQWUHSRUWVFDQEHID[HGWRDUHTXHVWHU EXWWKHUHTXHVWHUZLOOEHDVNHGWRID[WKLVUHTXHVWRQKHDGHGSDSHU DVSURRIRILGHQWLWLVQHHGHGLQRUGHUWRSURWHFWSDWLHQWFRQILGHQWLDOLW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


+DOVRKDYH WKHFDSDELOLW WRDOORZWKHKRVSLWDOWRUHFHLYH UHSRUWVYLDVHFXUHHPDLO GLUHFWIURPWKH1+676SHFLDOLVW6HUYLFHV76VWHP 7KHKRVSLWDOPXVW VXSSO1+67ZLWKDQKVQHW HPDLODGGUHVVIRU WKHLU GHSDUWPHQW+DUGFRSUHSRUWVZLOOQRWEHDYDLODEOHIURP1+67RQFHWKHHPDLOSURFHVVLVLQSODFH)XUWKHULQIRUPDWLRQUHJDUGLQJKRZ WRVHWWKLVXSSOHDVHFRQWDFWRXUORFDOODERUDWRU

0RUH LQIRUPDWLRQDERXW6Samp( LQFOXGLQJDXVHUJXLGHSUHVHQWDWLRQDQG)$4V FDQEHIRXQGRQWKH1+67sup3+RVSLWDO6FLHQFHacute ZHEVLWHDWKWWSVKRVSLWDOEORRGFRXNGLDJQRVWLFVHUYLFHVVSLFH

$QWLERGFDUGV

)RUSDWLHQWVZLWKFOLQLFDOOUHOHYDQWSODWHOHW+3$DQGRUQHXWURSKLO+1$ DOORDQWLERGLHVRUFHOOVSHFLILFRUGUXJGHSHQGHQWDQWLERGLHVDQDQWLERGFDUGZLOOEHLVVXHGIRUWKHSDWLHQW6Samp(ZLOOHQDEOHKRVSLWDOVWRDFFHVVSDWLHQWDQWLERGFDUGVIRUSULQWLQJLIUHTXLUHG QIRUPDWLRQOHDIOHWV ZLOOEHVHQW IRUSDWLHQWVZLWKD GLDJQRVLV RI 1$7 1$1 RU +7 $QWLERG FDUGV DUH QRW LVVXHG IRU SDWLHQWV ZLWK +$ VSHFLILFDQWLERGLHV

amp+$37(5+6(59amp(6

6HUYLFHVDUHSURYLGHGWRVXSSRUWWKHGLDJQRVLVDQGRUWUHDWPHQWRIDYDULHWRIFRQGLWLRQVDQGDUHUHOHYDQWLQWKHIROORZLQJDUHDVRIFOLQLFDOPHGLFLQHVKRZQLQ7DEOH

7DEOH$UHDVRIFOLQLFDOPHGLFLQHLQYROYLQJ+VHUYLFHV

$UHDVRIFOLQLFDOPHGLFLQHLQYROYLQJ+VHUYLFHV 6HFWLRQ+VHUYLFHUHODWLQJWRWUDQVIXVLRQDQGWUDQVIXVLRQUHDFWLRQV

3ODWHOHWUHIUDFWRULQHVVDQGSURYLVLRQRI+$+3$VHOHFWHGSODWHOHWV QYHVWLJDWLRQVRI 6HULRXV+D]DUGVRI7UDQVIXVLRQ6+27

3ODWHOHWPPXQRORJ3 UDQXORFWHPPXQRORJ +DHPDWRSRLHWLF6WHPampHOO7UDQVSODQWDWLRQ+6amp7 6ROLG2UJDQ7UDQVSODQWDWLRQ PPXQRJHQHWLFV

+6(59amp(65($717275$16)862175$16)86215($amp7216

)RU3RVW7UDQVIXVLRQ 3XUSXUD 373 VHHVHFWLRQ 3ODWHOHWPPXQRORJ

3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76

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

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp09QHJDWLYHVHOHFWHGSURGXFWV

7KH$GYLVRUampRPPLWWHHRQWKH6DIHWRIORRG7LVVXHVDQG2UJDQV6D72SRVLWLRQVWDWHPHQWRQWKHSURYLVLRQRIFWRPHJDORYLUXV amp09 WHVWHGEORRGFRPSRQHQWVUHFRPPHQGVWKDWIRUSDWLHQWVRWKHUWKDQ QHRQDWHV XQGHU GDV DQG LQWUDXWHULQH WUDQVIXVLRQV OHXFRGHSOHDWHG SURGXFWV SURYLGHDGHTXDWHULVNUHGXFWLRQIRUWKHWUDQVPLVVLRQRIamp09

4XRWHIURP6D72SRVLWLRQVWDWHPHQW

sup3$OOEORRGFRPSRQHQWVRWKHUWKDQJUDQXORFWHVLQWKH8QRZXQGHUJROHXFRGHSOHWLRQZKLFKSURYLGHVDVLJQLILFDQWGHJUHHRIamp09ULVNUHGXFWLRQ7KLVPHDVXUHLVFRQVLGHUHGDGHTXDWHULVNUHGXFWLRQIRUDOORWKHU SDWLHQWV UHTXLULQJ WUDQVIXVLRQ KDHPRSRLHWLF VWHP FHOO WUDQVSODQW SDWLHQWV RUJDQ WUDQVSODQWSDWLHQWVDQG LPPXQHGHILFLHQWSDWLHQWV LQFOXGLQJ WKRVHZLWK+9ZLWKRXW WKH UHTXLUHPHQW IRUamp09VHURQHJDWLYHFRPSRQHQWVLQDGGLWLRQacute

7KHIXOOUHSRUWRIWKH6D72amp096WHHULQJURXSPDEHIRXQGDWKWWSVZZZJRYXNJRYHUQPHQWSXEOLFDWLRQVVDEWRUHSRUWRIWKHFWRPHJDORYLUXVVWHHULQJJURXS

5HVWULFWLQJVHOHFWHGSURGXFWVWRamp09VHURQHJDWLYHXQLWVVHYHUHOUHGXFHVWKHQXPEHURIXQLWVDYDLODEOHDQGPDUHVXOWLQDOHVVEHQHILFLDOXQLWEHLQJVHOHFWHGIRURXUSDWLHQW

$OORLPPXQLVDWLRQDJDLQVWSODWHOHWV

$OORLPPXQLVDWLRQLVGHILQHGDVWKHGHYHORSPHQWRIDQLPPXQHUHVSRQVHDJDLQVWDOORDQWLJHQVQVRPHWUDQVIXVLRQVWKLVLPPXQHUHVSRQVHPDUHVXOWLQWKHSURGXFWLRQRI+$DQG RU+3$VSHFLILFDQWLERGLHV5HIUDFWRULQHVVLVWKHIDLOXUHWRREWDLQVDWLVIDFWRUUHVSRQVHVWRWUDQVIXVLRQVRISODWHOHWVIURPXQVHOHFWHGEXW$2FRPSDWLEOHGRQRUV$SURSRUWLRQRIEXWQRWDOODOORLPPXQLVHGSDWLHQWVZLOOEHFRPHUHIUDFWRUWLVJHQHUDOODFFHSWHGWKDWDVDFRQVHTXHQFHRIXQLYHUVDOOHXFRFWHGHSOHWLRQRIDOOEORRGFRPSRQHQWVWKHUDWHRIDOORLPPXQLVDWLRQKDVGURSSHGWRDSSUR[LPDWHO+RZHYHU WKHSUHFLVHLQFLGHQFHLVLQIOXHQFHGEDQXPEHURIIDFWRUVLQFOXGLQJSUHJQDQFLHVDQGWKHQXPEHURIWUDQVIXVLRQV1RQLPPXQHPHFKDQLVPVDUHDQLPSRUWDQWFDXVHRIUHIUDFWRULQHVV DQGKDYHEHHQVKRZQWRFDXVHWUDQVIXVLRQIDLOXUHLQDVLJQLILFDQWJURXSRISDWLHQWVRQSURSKODFWLFSODWHOHWWUDQVIXVLRQVXSSRUW

3ODWHOHWUHIUDFWRULQHVV

3ODWHOHWUHIUDFWRULQHVVLVGHILQHGDVDIDLOXUHRIWKHSODWHOHWFRXQWWRLQFUHDVHEJUHDWHUWKDQ[DWEHWZHHQDQGKRXUVDIWHUWKHWUDQVIXVLRQRIDQDGXOWGRVHRI$2FRPSDWLEOHSODWHOHWV[SODWHOHWV5HIUDFWRULQHVVWRUDQGRPGRQRUSODWHOHWVFDQEHRIQRQLPPXQHRULPPXQHFDXVHRUDFRPELQDWLRQRIERWK

KHQWRUHTXHVW+$FODVVVHOHFWHGSODWHOHWV

7KHPDMRULWRISDWLHQWVZLWKLPPXQHUHIUDFWRULQHVVDUHEHVWVXSSRUWHGZLWKSODWHOHWWUDQVIXVLRQVWKDWDUHHLWKHU+$VHOHFWHGRU+$FRPSDWLEOHEHWZHHQWKHGRQRUDQGSDWLHQW+$VHOHFWHGSODWHOHWVDUHFROOHFWHGEDSKHUHVLVDQGVSHFLILFGRQRUVPDKDYHWREHFDOOHGWRGRQDWH WKHVH SODWHOHWVIRUDVSHFLILFSDWLHQW7KHSURYLVLRQRIWKLVVHUYLFHLVWLPHFRQVXPLQJDQGH[SHQVLYHDQGVKRXOGEHUHVHUYHGIRUWKRVHSDWLHQWV ZKR UHDOO QHHG WKHP 6HH )LJXUH IRU JXLGDQFH RQ WKH DERUDWRU QYHVWLJDWLRQ RI5HIUDFWRULQHVVWR3ODWHOHW7UDQVIXVLRQ

7KHIROORZLQJFULWHULDVKRXOGEHPHW

x ([FOXVLRQRIQRQLPPXQHFDXVHVRIUHIUDFWRULQHVVx 3RVLWLYHVFUHHQIRU+$FODVVRU+3$VSHFLILFDQWLERGLHVRUERWKx 5HIUDFWRULQHVVWRDQ$2FRPSDWLEOHSODWHOHWFRQFHQWUDWHRQWZRRFFDVLRQV

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


)LJXUHDERUDWRUQYHVWLJDWLRQRI5HIUDFWRULQHVVWR3ODWHOHW7UDQVIXVLRQ

3DWLHQWV OLNHO WR UHFHLYH PXOWLSOH SODWHOHW WUDQVIXVLRQ

$VVHVV WUDQVIXVLRQ UHVSRQVH

7HVW IRU +$VSHFLILF

DQWLERGLHV

+$ $QWLERG7HVW 5HVXOW

3RVLWLYH8VH +$ VHOHFWHG

SODWHOHWV

1HJDWLYH

3RRU UHVSRQVH WR UDQGRP GRQRU SODWHOHWV RQ RU PRUH RFFDVLRQV

RRG 5HVSRQVH WR+$ VHOHFWHGSODWHOHWV

3RRU UHVSRQVH WR+$ VHOHFWHGSODWHOHWV

ampRQWLQXHWUDQVIXVLQJ +$VHOHFWHG SODWHOHWV

7HVW IRU +$DQWLERGLHV DW

UHJXODU LQWHUYDOV

3URYLGH $2FRPSDWLEOH sup3$acuteJUDGH PDWFKHV LI

SRVVLEOH

7HVW IRU +3$VSHFLILF DQWLERGLHV

+3$ $QWLERG7HVW 5HVXOW

3RVLWLYH 1HJDWLYH

)DFWRUV DVVRFLDWHG ZLWK QRQLPPXQH SODWHOHW GHVWUXFWLRQ

$EVHQW 3UHVHQW

7UHDW ampDXVHHFLGH DERXW IXUWKHU SODWHOHWWUDQVIXVLRQ EDVHG RQ FOLQLFDOVWDWXV RI WKH SDWLHQW HJLQFUHDVH GRVH RI SODWHOHWV RUGLVFRQWLQXH SURSKODFWLFWUDQVIXVLRQV

ampRQVLGHU WULDO RI+$ VHOHFWHGSODWHOHWV

3URYLGH +$ DQG+3$ VHOHFWHGSODWHOHWV

ampRQVLGHU 1RQ LPPXQHFRQVXPSWLRQ $2 DQWLERGLHV

DERUDWRU QYHVWLJDWLRQ RI 5HIUDFWRULQHVV WR 3ODWHOHW 7UDQVIXVLRQ

3RRU 5HVSRQVH RRG 5HVSRQVH


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


QFUHPHQWVZLWK+$ampODVVVHOHFWHGSODWHOHWV

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

+$+3$VHOHFWHGSODWHOHWV

)RUSDWLHQWVZLWK+3$DVZHOODV+$FODVVVSHFLILFDQWLERGLHVDWWHPSWVZLOOEHPDGHWRSURYLGHGXDOVHOHFWHGSODWHOHWV7KLVPDQRWEHSRVVLEOHLIWKHSODWHOHWVSHFLILFDQWLERGLHVDUHDJDLQVWKLJKIUHTXHQF+3$DOORDQWLJHQVQWKLVFDVH+3$VHOHFWHGSODWHOHWVDORQHPDEHSURYLGHGWRGHWHUPLQHLIWKHVHJLYHDVDWLVIDFWRULQFUHPHQW

2UGHULQJ+$+3$VHOHFWHGSODWHOHWV

2UGHUVIRUVHOHFWHGSODWHOHWVVKRXOGEHPDGHGXULQJQRUPDOZRUNLQJKRXUVDQGZLWKDWOHDVWKRXUVparaQRWLFH3ODQQLQJLQDGYDQFHDOORZVWKH+ODERUDWRUWRVRXUFHWKHEHVWDYDLODEOH+$+3$VHOHFWHGSURGXFWIURPQDWLRQDOVWRFNV)RUKLJKOVHQVLWLVHGSDWLHQWVWKHUHPDRQOEHRQHRUWZRVXLWDEOHSURGXFWVDYDLODEOHDQGWKHXQLWVPRVWDSSURSULDWHIRUWKHSDWLHQWPDQRWEHLQVWRFNDWRXUORFDO1+67FHQWUH3URGXFWVZKLFKKDYHWREHVXSSOLHGDWVKRUWQRWLFHPDQHHGWREHWUDQVSRUWHGIURPDQDQRWKHU1+67FHQWUHLQWKHFRXQWUZKLFKLVZKZHUHTXLUHDPLQLPXPRIKRXUVparaQRWLFH2XWVLGHQRUPDOZRUNLQJKRXUVSODWHOHWVFDQEHVXSSOLHGIRUH[LVWLQJSDWLHQWVIRUHPHUJHQFFDUHRQO

1HZUHTXHVWVIRU+$ VHOHFWHGSODWHOHWV

+RVSLWDOVWDIIPXVWILUVWSKRQHWKHLUORFDO+ODERUDWRUWRGLVFXVVSDWLHQWLQIRUPDWLRQWHVWLQJDQGFRPSRQHQWUHTXLUHPHQWV$QRUGHUIRUPsup3)LUVWUHTXHVWIRU+$VHOHFWHG3ODWHOHWVacute)50ZLOOEHHPDLOHGWRWKHKRVSLWDOEWKH+ODERUDWRU7KHFRPSOHWHGRUGHUIRUPVKRXOGEHHPDLOHGEDFNWRWKH+ODERUDWRU7KLVIRUPLVQRWDYDLODEOHRQWKHZHEVLWHWRHQVXUHWKHFRUUHFWSURFHVVLVIROORZHG3OHDVHHQVXUHWKDWWKHILUVWUHTXHVWDQGDQVSHFLDOLQVWUXFWLRQVHJ5KLQFRPSDWLEOHLVDFFHSWDEOHDQGLVDXWKRULVHGEDQDSSURSULDWHFOLQLFLDQWUHDWLQJWKHSDWLHQWQOLQHZLWKWKH GLUHFWLYHIURPWKHHSDUWPHQWRI+HDOWKDQG6RFLDOampDUHZHGRQRWHQFRXUDJHID[LQJUHTXHVWVEXWDID[QXPEHUFDQEHPDGHDYDLODEOHIRUEXVLQHVVFRQWLQXLWSXUSRVHVLIUHTXLUHG

6HFRQGDQGVXEVHTXHQWRUGHUV

)RUQDPHGSDWLHQWVZKRKDYHSUHYLRXVOUHFHLYHG+$VHOHFWHGSODWHOHWVKRVSLWDOVWDIIVKRXOGSODFHRUGHUVXVLQJ2262QOLQHORRG2UGHULQJ6VWHPZKLFKLVDYDLODEOHWKURXJKRXUORRG7UDQVIXVLRQGHSDUWPHQW3OHDVHVHHWKH1+67sup3+RVSLWDO6FLHQFHacuteZHEVLWHDWKWWSVKRVSLWDOEORRGFRXNGLDJQRVWLFVHUYLFHVKLVWRFRPSDWLELOLWDQGLPPXQRJHQHWLFVRUGHULQJKOD

2ampRQQHOOHH(-DQG6FKLIIHUamp$7KHYDOXHRIPLQXWHSRVWWUDQVIXVLRQFRXQWV7UDQVIXVLRQ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7KHVHOHFWLRQDQGLVVXH RI+$VHOHFWHGSODWHOHWVLVPDQDJHGIURPWZR 1+67VLWHV 7KHFRQWDFWGHWDLOVDUHGHSHQGHQWRIWKHORFDWLRQRIWKHKRVSLWDOVHHWDEOH

6(5286+$=$562)75$16)86216+27

7KHRYHUDOOLQFLGHQFHRIVHULRXVVLGHHIIHFWVLVVPDOOZKHQFRPSDUHGZLWKQXPEHURIEORRGFRPSRQHQWVXVHGSHUDQQXPEWKH1+6QWKHPDMRULWRIFDVHVRIVHULRXVUHDFWLRQVRUKD]DUGVDVVRFLDWHGZLWKWUDQVIXVLRQ WKH GLDJQRVLV LV D FOLQLFDO RQH DQG LQ VRPH HODERUDWH ODERUDWRU WHVWV DUH UHTXLUHG WRFRQILUPWKHGLDJQRVLV$VXVSHFWHGDGYHUVHUHDFWLRQVKRXOGEHGLVFXVVHGLQWKHILUVWLQVWDQFHZLWK D1+67FRQVXOWDQW+DHPDWRORJLVWWRDJUHHRQWKHEHVWVHWRIODERUDWRULQYHVWLJDWLRQV6DPSOHVFDQEHUHIHUUHGWRRQH1+67ODERUDWRUDQGZLOOEHGLVWULEXWHGLQWHUQDOO

5HSRUWLQJDGYHUVHUHDFWLRQVWRWUDQVIXVLRQV

7KHUHLVDUHJXODWRUUHTXLUHPHQWLQWKH8XQGHUWKHWHUPVRIWKHORRG6DIHWDQG4XDOLW5HJXODWLRQV645 WRUHSRUWDGYHUVHUHDFWLRQVUHODWHGWRWUDQVIXVLRQ7KH 0+5$ KDV EHHQ DSSRLQWHG WKH ampRPSHWHQW $XWKRULW RQ EHKDOI RI WKH 6HFUHWDU RI 6WDWH WRDGPLQLVWHU WKH UHJXODWLRQVDQG KDVGHYHORSHGDZHEEDVHGKDHPRYLJLODQFHUHSRUWLQJVVWHPFDOOHG6$5(6HULRXV$GYHUVHORRG5HDFWLRQVDQG(YHQWVWRIDFLOLWDWHUHSRUWLQJ6+27 6HULRXV+D]DUGVRI7UDQVIXVLRQ LVWKH8QLWHGLQJGRPparaVLQGHSHQGHQWSURIHVVLRQDOOOHG KDHPRYLJLODQFHVFKHPH

$OO7UXVWVLQWKH8VKRXOGEHUHJLVWHUHGZLWKWKH0+5$DQGPXVWVXEPLWDmicroQRWLILFDWLRQparaUHSRUWWRWKHPDVVRRQDVSRVVLEOHIROORZLQJDUHDFWLRQ

0+5$DQG6+27KDYHEHHQZRUNLQJWRZDUGVSURGXFLQJDMRLQWKDHPRYLJLODQFHUHSRUWLQJVVWHPWKDWLVILWIRUUHSRUWHUVparaSXUSRVHVDVZHOODVWKRVHRIWKH0+5$DQG6+27

ampXUUHQW6+27UHSRUWLQJFDWHJRULHVDQGODERUDWRUIORZFKDUWPDEHIRXQGDWKWWSZZZVKRWXNRUJVDEUH

7KH6+27UHDFWLRQVWKDWLQYROYHWKH+ODERUDWRULHVLQWKHLQYHVWLJDWLRQVDUHLQ7DEOH

7DEOH6+27FDWHJRULHVWKDWLQYROYHWKH+ODERUDWRULHV LQWKHLQYHVWLJDWLRQV

7SHRI6+27UHDFWLRQ $EEUHYLDWLRQ3RVW7UDQVIXVLRQ3XUSXUD 3737UDQVIXVLRQ$VVRFLDWHGUDIW9HUVXV+RVWLVHDVH 7$plusmn9+7UDQVIXVLRQ5HODWHG$FXWHXQJQMXU 75$6HYHUH1RQ+DHPROWLF)HEULOH7UDQVIXVLRQ5HDFWLRQV1+)75ampODVVLILHGDV$FXWH7UDQVIXVLRQ5HDFWLRQE6+27

$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+

7$9+ LVXVXDOOIDWDOEXWDOPRVWHQWLUHOSUHYHQWDEOHFRPSOLFDWLRQRIWUDQVIXVLRQ3DWLHQWVDWULVNRIWKLVFRPSOLFDWLRQKDYHEHHQFOHDUOGHILQHGDVKDYHJURXSVQRWFRQVLGHUHGWREHDWULVNampRPSRQHQWVLPSOLFDWHGDUHUHGFHOOVSODWHOHWFRQFHQWUDWHVIUHVKSODVPDDQGJUDQXORFWHV$WULVNSDWLHQWVVKRXOGFDUU WKH FDUG LVVXHG E WKH HSDUWPHQW RI +HDOWK ZKLFK FDQ EH REWDLQHG IURP 1+67 +RVSLWDO6HUYLFHVDQGUHFHLYHJDPPDLUUDGLDWHGEORRGFRPSRQHQWV7KHGRVHRIJDPPDLUUDGLDWLRQVKRXOGEHDPLQLPXPRIFWRDQSDUWRIWKHEORRGFRPSRQHQW

QYHVWLJDWLRQV

QVXSSRUWLQJWKHFOLQLFDOGLDJQRVLVODERUDWRUWHVWLQJWRGHPRQVWUDWHPL[HGFKLPHULVPLVLPSRUWDQW7$9+ LVWKHUHVXOWRIHQJUDIWPHQWDQGSUROLIHUDWLRQRIDOORUHDFWLYHGRQRUOPSKRFWHVLQWKHUHFLSLHQWQIODPPDWLRQDQGWLVVXHGDPDJHIROORZ7HVWVIRUVKRUWWDQGHPUHSHDWV 675 RQSDWLHQW1$DQGRQ1$IURPSLQFKVNLQELRSVVDPSOHVIURPDIIHFWHGDQGQRQDIIHFWHGVLWHVZLOOEHUHTXLUHGWRHVWDEOLVK

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


WKHSUHVHQFHRILQILOWUDWLQJGRQRUOPSKRFWHVLQWKH7$9+ VNLQOHVLRQVDQG WRXQHTXLYRFDOOLGHQWLIFHOOVRIGRQRUDQGSDWLHQWRULJLQ

75$16)86215($7($amp87(811-85lt75$

75$ LVDVHULRXVFRPSOLFDWLRQRI WUDQVIXVLRQZKLFKXVXDOORFFXUVZLWKLQKRXUVRID WUDQVIXVLRQHSLVRGH DQG LV FKDUDFWHULVHG E VPSWRPV DQG VLJQV RI GVSQRHD FDQRVLV KSR[DHPLD DQGSXOPRQDURHGHPDDQGLQWKHDEVHQFHRI RWKHUFDXVHVVXFKDVFDUGLDFLQVXIILFLHQFDQGIOXLGRYHUORDGamp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paraVGHDWKHXFRFWHDQWLERGLHV LQWKHGRQRUSODVPDJHQHUDOOFDXVHWKLVVQGURPH(YHQDVPDOOYROXPHRISODVPDFRQWDLQLQJOHXFRFWHDQWLERGLHVVXFKDVWKDWIRXQGLQ6$0UHGFHOOFRQFHQWUDWHVLVDEOHWRSUHFLSLWDWHDUHDFWLRQ2QUDUHRFFDVLRQV75$FDQDOVREHFDXVHGEOHXFRFWHDQWLERGLHVLQWKHUHFLSLHQWRUELPPXQHFRPSOH[HVRIOHXFRFWHDQWLJHQVDQGDQWLERGLHVLQSODWHOHWFRQFHQWUDWHVGHULYHGIURPSRROHGEXIIFRDWV

QYHVWLJDWLRQV

7KHORJLVWLFVRI75$LQYHVWLJDWLRQVDUHFRPSOLFDWHGDQGWLPHFRQVXPLQJKHQUHIHUULQJDVXVSHFWHGFDVHRI75$IXOOFOLQLFDOGHWDLOVVKRXOGEHSURYLGHGLQRUGHUWRDVVHVVWKHOLNHOLKRRGRIWKHUHDFWLRQKDYLQJEHHQGXHWR75$ampOLQLFDOGHWDLOVVKRXOG LQFOXGHQDWXUHRIWUDQVIXVLRQUHDFWLRQDQGWLPHLQUHODWLRQWRWUDQVIXVLRQFRPSRQHQWVWUDQVIXVHGLQFOXGLQJGRQDWLRQQXPEHUVWUHDWPHQWJLYHQLQFOXGLQJYHQWLODWLRQDQGFOLQLFDOUHVSRQVH

HXFRFWH DQWLERGLHV DUH JHQHUDOO DJDLQVW+$ FODVV DQWLJHQV EXW+$ FODVV RU +1$ VSHFLILFDQWLERGLHVPDDOVREHLPSOLFDWHGQLWLDOLQYHVWLJDWLRQVZLOOEHSHUIRUPHGZLWKIUHVKGRQRUVDPSOHVWLVWKHUHIRUHLPSRUWDQWWKDWGRQDWLRQQXPEHUVRIDOOLPSOLFDWHGXQLWVEORRGSODWHOHWFRQFHQWUDWHV))3LQWKHKRXUVSUHFHGLQJ75$SUHVHQWDWLRQDUHSURYLGHG3UH DQGSRVWWUDQVIXVLRQVHUXPVDPSOHVIURPWKHSDWLHQWVKRXOGEHSURYLGHG WRJHWKHUZLWKWKHGDWHDQGWLPHWKHVDPSOHVZHUHWDNHQ

7KHLQYHVWLJDWLRQVIRU75$DUHGRQHDWWKH+ODERUDWRUDW1+67)LOWRQ7KHLQYHVWLJDWLRQVDLPWRLGHQWLIWKHSUHVHQFHRI

x +$FODVVDQGFODVVVSHFLILFFWRWR[LFDQWLERGLHVx +$FODVVDQGFODVVVSHFLILFQRQFWRWR[LFDQWLERGLHVx UDQXORFWHVSHFLILFDQWLERGLHV

IGRQRUOHXFRFWHDOORDQWLERGLHVDUHGHWHFWHG WKHQDSSURSULDWHWHVWVIRUWKHSUHVHQFHDEVHQFHRIWKHDQWLJHQRUDOOHOHLQWKHSDWLHQWGRQRUZLOOEHSHUIRUPHGWRGHWHUPLQHZKHWKHUWKHSDWLHQWLVSRVLWLYHIRUWKHFRJQDWHDQWLJHQ(YHQLIWKLVLVWKHFDVHWKHUHLVDJRRGFKDQFHWKDWWKHLQFRPSDWLELOLWLVEFKDQFHDQGLVQRWWKHFDXVHRI$56$75$GRHVQRWDOZDVHQVXHHYHQZKHQDSDWLHQWLVSRVLWLYHIRUWKHFRJQDWHDQWLJHQ

)XWXUHWUDQVIXVLRQV

7KHUHLVQRFOHDUHYLGHQFHRQWKHEHVWWUDQVIXVLRQVXSSRUWSROLFIRUSDWLHQWVZKRKDYHH[SHULHQFHG75$+RZHYHULWLVJHQHUDOODFFHSWHG WKDWLQDGGLWLRQWRGRQRUOHXFRFWHDQWLERGLHVSDWLHQWIDFWRUVPDFRQWULEXWHWRWKHULVNRI75$LVJHQHUDOODFFHSWHG7KHUHIRUHLQDSDWLHQWZKRKDVH[SHULHQFHG

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


D75$ LW LVUHFRPPHQGHGQRWWRXVHSODVPDFRQWDLQLQJEORRGSURGXFWVIURPIHPDOHGRQRUV))3FURSUHFLSLWDWHSODWHOHWFRQFHQWUDWHVDVWKHFKDQFHRIOHXFRFWHDQWLERGLHVEHLQJSUHVHQWLVJUHDWHULQWKLVJURXS

6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75

7KH LQFLGHQFHRI1+)75DQGRI ULJRUV KDYHERWK UHGXFHGDVDFRQVHTXHQFHRI WKH LQWURGXFWLRQRIXQLYHUVDO OHXFRFWHGHSOHWLRQ+RZHYHU LW UHPDLQV D FRPPRQFRQVHTXHQFHRI WUDQVIXVLQJ EORRGRUEORRGSURGXFWVQWKHPDMRULWRIFDVHVSUHPHGLFDWLRQZLWKSDUDFHWDPROPDDOOHYLDWHVPSWRPVIVHYHUHDQGZKHQFRPELQHGZLWKRWKHUIHDWXUHVVXFKDVKSRWHQVLRQ WKHQEDFWHULDOFRQWDPLQDWLRQRIEORRGSURGXFWVHVSHFLDOOSODWHOHWFRQFHQWUDWHVPXVWEHFRQVLGHUHGDQGDQ 1+67PHGLFDOFRQVXOWDQWPXVWEHFRQWDFWHGXUJHQWOIRUDGYLFHDQGLQYHVWLJDWLRQV

1RQKDHPROWLF IHEULOHDQGDOOHUJLFWUDQVIXVLRQUHDFWLRQVZLWKDQLPPXQRORJLFDOFDXVH

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

3$7((7008122lt3

7KHUHDUHVL[FOLQLFDOVQGURPHVIRUZKLFK3VHUYLFHVDUHSURYLGHG

x 1HRQDWDODOORLPPXQHWKURPERFWRSHQLDx 3RVWWUDQVIXVLRQSXUSXUDx 5HIUDFWRULQHVV +3$RQOWHVWHGIRUDIWHU+$DQWLERGLQYHVWLJDWLRQ13VHHVHFWLRQx HODHGHQJUDIWPHQWRISODWHOHWOLQHDJHIROORZLQJERQHPDUURZWUDQVSODQWDWLRQplusmn LQYHVWLJDWHG

RQODIWHU+$DQWLERGLQYHVWLJDWLRQx $XWRLPPXQHWKURPERFWRSHQLDplusmn VHOHFWHGFDVHVRQOx UXJLQGXFHGDQWLERGPHGLDWHGWKURPERFWRSHQLDHJKHSDULQDQWLELRWLFVTXLQLQHDQGJROGx ampRQJHQLWDODQGDFTXLUHGWKURPEDVWKHQLDV

1HRQDWDODOORLPPXQHWKURPERFWRSHQLD1$7

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ampDXFDVLDQV

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


1$7GXHWRDQWLERGLHVDJDLQVW+3$RWKHUWKDQ+3$plusmnDDQGplusmn EDQGWRLVRDQWLJHQVLQWKHFDVHRIPDWHUQDO SODWHOHW JOFRSURWHLQ GHILFLHQFLHV DFFRXQW IRU DSSUR[LPDWHO RI FDVHV Q FDVHVZKHUHDQWLERGLHVWRWKHPDMRU+3$DUHQRWGHWHFWHGDQGWKHUHLVVWURQJFOLQLFDOHYLGHQFHWRVXSSRUWDGLDJQRVLVRI1$7 WKHPDWHUQDOVHUXPLVDOVRLQYHVWLJDWHGIRUWKHSUHVHQFHRIDQWLERGLHVDJDLQVWmicroSULYDWHparaRUORZIUHTXHQFDQWLJHQVESHUIRUPLQJDFURVVPDWFKEHWZHHQPDWHUQDOVHUXPDQGSDWHUQDOSODWHOHWV

QYHVWLJDWLRQVIRU1$7

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

7KHUDS

QDWHUPQHRQDWHZLWKQRUPDOFORWWLQJEXWVHYHUHWKURPERFWRSHQLD[RUFOLQLFDOVLJQVRIEOHHGLQJ WKHFRXQWVKRXOGEHFRUUHFWHGDVVRRQDVSRVVLEOHEWUDQVIXVLRQRI+3$DDQG+3$EQHJDWLYHGRQRUSODWHOHWVZLWKRXWZDLWLQJIRU WKHUHVXOWVRI WKH ODERUDWRU LQYHVWLJDWLRQV+3$DDQG+3$EQHJDWLYHSODWHOHWVVXLWDEOHIRUQHRQDWDOXVHDUHDYDLODEOHmicroIURPWKHVKHOIpara7KHVHSODWHOHWVZLOOEHFRPSDWLEOHZLWKPDWHUQDO+3$VSHFLILFDQWLERGLHVLQRYHURI1$7FDVHVI+3$DDQG+3$EQHJDWLYHSODWHOHWVDUHQRWDYDLODEOHIURPVWRFN WKHQQRUPDO$2DQGFRPSDWLEOHGRQRUSODWHOHWVVKRXOGEHDGPLQLVWHUHGWRJHWKHUZLWKKLJKGRVHLQWUDYHQRXVLPPXQRJOREXOLQ

ampRXQVHOOLQJDQGFOLQLFDOTXHVWLRQQDLUHV

I+3$DOORDQWLERGLHVDUHGHWHFWHGLQWKHPDWHUQDOVHUXPFRXQVHOOLQJVKRXOGEHSURYLGHGWRWKHSDUHQWVDERXWWKHULVNVWRIXUWKHUSUHJQDQFLHVHWDLOVRIFOLQLFDORXWFRPHDUHVRXJKWEWKHODERUDWRULQHDFKFRQILUPHGFDVHRI1$7

)RHWDO+3$JHQRWSLQJLQIXWXUHSUHJQDQFLHVLIWKHSDUWQHULVKHWHUR]JRXV

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

326775$16)8621385385$373

373LVDUDUHEXWVHULRXVWUDQVIXVLRQUHDFWLRQRFFXUULQJWRGDVDIWHUWKHWUDQVIXVLRQRIEORRG$VKDUS GHFOLQH LQ WKH QXPEHU RI FRQILUPHG373 FDVHV KDV EHHQ REVHUYHG VLQFH WKH LQWURGXFWLRQ RIXQLYHUVDO OHXFRFWH GHSOHWLRQ 373 PDLQO RFFXUV LQ ZRPHQ DQG +3$D VSHFLILF DQWLERGLHV DUHJHQHUDOOGHWHFWHG

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

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7KURPERFWRSHQLD DQG SXUSXUD DQG EOHHGLQJ DUH FKDUDFWHULVWLF RI 373 I 373 LQYHVWLJDWLRQV DUHUHTXHVWHGWKHQLWLVLPSRUWDQWWRLQIRUPWKHODERUDWRUZKHWKHUWKHSDWLHQWZDVUHFHLYLQJKHSDULQHYHQLIWKLVZDVRQOWRIOXVKDQLQGZHOOLQJOLQH

QYHVWLJDWLRQV

7HVWVIRU+3$VSHFLILFDQWLERGLHVDQGZKHUHDSSURSULDWH KHSDULQSODWHOHWIDFWRUVSHFLILFDQWLERGLHVZLOOEHSHUIRUPHG

7KHUDS

+LJKGRVHLQWUDYHQRXVLPPXQRJOREXOLQJNJERGZHLJKWRQWZRWRWKUHHFRQVHFXWLYHGDVLVWKHWUHDWPHQWRIFKRLFH3ODWHOHWWUDQVIXVLRQLVXVXDOOFRQWUDLQGLFDWHGLQWKHDFXWHSKDVH3ODVPDSKHUHVLVQHHGVWREHFRQVLGHUHGDVDQDGGLWLRQDOWKHUDSLILQWUDYHQRXVJGRHVQRWUHVXOWLQDVDWLVIDFWRUULVHRIWKHSODWHOHWFRXQW+LJKGRVHFRUWLFRVWHURLGVDUHQRWUHFRPPHQGHG

7UDQVIXVLRQVXSSRUW

QWKHDFXWHSKDVHRI373UDQGRP$2FRPSDWLEOHEORRGFRPSRQHQWVDUHDGYLVHG+3$FRPSDWLEOHEORRGDQGSODWHOHWVPXVWEHXVHGLIDSDWLHQWUHTXLUHVWUDQVIXVLRQDIWHUUHFRYHU

HODHGHQJUDIWPHQWRISODWHOHWOLQHDJHIROORZLQJVWHPFHOOWUDQVSODQWDWLRQ

VRODWHGIDLOXUHRISODWHOHWHQJUDIWPHQWIROORZLQJVWHPFHOOWUDQVSODQWDWLRQFDQEHGXHWRWKHSUHVHQFHRISUHH[LVWLQJ+3$VSHFLILFDQWLERGLHVLQWKHUHFLSLHQW7KHVHSDWLHQWVVKRXOGEHLQYHVWLJDWHGLQWKHVDPHZDDVIRUSODWHOHWWUDQVIXVLRQUHIUDFWRULQHVV

$XWRLPPXQH7KURPERFWRSHQLD$73

$UDLVHGOHYHORI3ODWHOHW$VVRFLDWHGPPXQRJOREXOLQ3$JLVGHWHFWHGLQWKHPDMRULWRISDWLHQWVZLWK$73 +RZHYHU WKH GLDJQRVWLF VSHFLILFLW DQG WKHUHIRUH WKH FOLQLFDO XVHIXOQHVV RI WKH 3$J WHVW ELPPXQRIOXRUHVFHQFHLVSRRU1RUPDOOWKHVHLQYHVWLJDWLRQVDUHRQOLQGLFDWHGLIWKHSDWLHQWparaVSODWHOHWFRXQWLV[7KHGLDJQRVWLFVSHFLILFLWLVLQFUHDVHGLISODWHOHWJOFRSURWHLQVSHFLILFLWRIWKH3$J FDQ EH GHWHUPLQHG E GLUHFW0$3$ DVVD EXW WKLV DVVD UHTXLUHV D VLJQLILFDQW QXPEHU RISODWHOHWVZKLFKPDEHGLIILFXOW WRREWDLQ IURPVHYHUHO WKURPERFWRSHQLFSDWLHQWV7KHGHWHFWLRQRIVHUXPSODWHOHWDXWRDQWLERGLHVPDEHLQGLFDWHGLIWKHSDWLHQWparaVSODWHOHWVFDQQRWEHWHVWHGEXWWKHUHVXOWVPD EH GLIILFXOW WR LQWHUSUHW EHFDXVH ERWK DOORDQWLERGLHV DQG DXWRDQWLERGLHVPD EH SUHVHQW LQ WKHVHUXP

7KHVHLQYHVWLJDWLRQVDUHUHFRPPHQGHGRQOLQWKHIROORZLQJFDWHJRULHVRIWKURPERFWRSHQLFSDWLHQWV

x RQHPDUURZIDLOXUHSRVVLEOFRPELQHGZLWKLPPXQHPHGLDWHGWKURPERFWRSHQLDx $73SDWLHQWparaV UHIUDFWRUWRILUVWDQGVHFRQGOLQHWUHDWPHQWx 0RQRFORQDOJDPPDJOREXOLQRSDWKLHVx $FTXLUHGDXWRDQWLERGPHGLDWHGWKURPEDVWKHQLD

RQHPDUURZIDLOXUHDQGLPPXQHPHGLDWHGWKURPERFWRSHQLD

QVRPHSDWLHQWVZLWKWKURPERFWRSHQLDGXHWR LQDGHTXDWHWKURPERFWRSRLHVLVDQWLERG PHGLDWHGSODWHOHWGHVWUXFWLRQPDFRPSRXQGWKHWKURPERFWRSHQLDHJSDWLHQWVZLWKSUROLIHUDWLYHGLVRUGHUVVXFKDV ampKURQLF PSKRFWLF HXNDHPLD amp RU VWHP FHOO WUDQVSODQW UHFLSLHQWV 5HDFWLYHPHJDNDURFWRSRLHVLVLVDGLDJQRVWLFFRUQHUVWRQHRI$73EXWLVQRWGLDJQRVWLFLISODWHOHWDXWRLPPXQLWLVSUHVHQWLQDGGLWLRQWRERQHPDUURZLQILOWUDWLRQIDLOXUH$3$JWHVWDQGGHWHUPLQDWLRQRIDXWRDQWLERGVSHFLILFLWPD EHRIXVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


$73SDWLHQWVUHIUDFWRUDQGILUVWRUVHFRQGOLQHWUHDWPHQW

)RU$73SDWLHQWVIRUZKRPWKLUGOLQHWUHDWPHQWLVFRQVLGHUHGD3$JWHVWGLUHFW0$3$DVVDDQGRUGHWHUPLQDWLRQRIDQWLERGVSHFLILFLW PDEHLQGLFDWHG

0RQRFORQDODPPDJOREXOLQRSDWKLHV

3DWLHQWV ZLWK D SDUDSURWHLQ LQ WKHLU VHUXP 0RQRFORQDO DPPDJOREXOLQRSDWKLHV RI 8QNQRZQ6LJQLILFDQFH 086 PHORPD VHFUHWRU OPSKRPD DQG D SURIRXQG DQG XQH[SODLQHGWKURPERFWRSHQLD VKRXOG EH LQYHVWLJDWHG WR GHWHUPLQHZKHWKHU WKH SDUDSURWHLQ LV SODWHOHW UHDFWLYH$OWKRXJKUDUHUHDFWLYLWRISDUDSURWHLQVZLWKSODWHOHWVDQGWKURPERFWRSHQLDKDVEHHQUHSRUWHGDQGLVWKHSODWHOHWHTXLYDOHQWRIFROGKDHPDJJOXWLQLQGLVHDVH

UXJHSHQGHQWPPXQH7KURPERFWRSHQLD73

0DQGUXJV DUHDVVRFLDWHGZLWK WKURPERFWRSHQLD )RU VRPHGUXJV WKHUH LV ILUPHYLGHQFH WKDW WKHWKURPERFWRSHQLDLVDQWLERGPHGLDWHGHUHFRPPHQGWHVWLQJIRU73IRUWKHIROORZLQJGUXJV

x +HSDULQx $QWLELRWLFVSHQLFLOOLQWSHEHWDODFWDPVDQGJOFRSHSWLGHx 4XLQLQHDQGTXLQLGLQHx ROGVDOWV

+HSDULQQGXFHG7KURPERFWRSHQLD+7

$Q(6$WHVWIRUKHSDULQSODWHOHWIDFWRUVSHFLILFDQWLERGLHVFDQEHRIXVHLQSDWLHQWVZLWKDFOLQLFDOGLDJQRVLVRI +7DQGLQZKRPFRQWLQXHGDQWLFRDJXODWLRQLVUHTXLUHGQVXFKSDWLHQWVSURPSWZLWKGUDZDORIKHSDULQDQGDOWHUQDWLYHDQWLFRDJXODWLRQZLWKUHFRPELQDQWKLUXGLQRUDQDOWHUQDWLYH KHSDULQRLGVKRXOGEH FRQVLGHUHG ZLWKRXW ZDLWLQJ IRU ODERUDWRU UHVXOWV 7KH amp6+ JXLGHOLQHV IRU WKHPDQDJHPHQW RIKHSDULQLQGXFHGWKURPERFWRSHQLD GHVFULEHDVFRULQJVVWHPEDVHGRQWKH7VWKDWFDQEHXVHGWRDVVHVVWKHSUREDELOLWRIDSDWLHQWGHYHORSLQJ+7

x 7KURPERFWRSHQLDx 7LPLQJRISODWHOHWFRXQWIDOOx 7KURPERVLVx 27KHUFDXVHVIRUWKURPERFWRSHQLDDUHQRWHYLGHQW

7DEOH VKRXOGEHXVHGWRDVVHVVWKHSUREDELOLWWKDWDSDWLHQWKDV+7

$VFRUHRI PHDQVWKHUHLVDKLJKSUREDELOLWRI+7 PHDQVWKHSUREDELOLWLVLQWHUPHGLDWH PHDQVWKHUHLVDORZSUREDELOLW

IRXWKLQNRXUSDWLHQWKDV+7VWRSKHSDULQDQGVZLWFKWRDQDOWHUQDWLYHDQWLWKURPERWLFDJHQW

amp6+XLGHOLQHVRQWKHGLDJQRVLVDQGPDQDJHPHQWRIKHSDULQLQGXFHGWKURPERFWRSHQLDVHFRQGHGLWLRQplusmn LVVXH ZKLFKFDQEHIRXQGDWKWWSVEVKRUJXNJXLGHOLQHVJXLGHOLQHVGLDJQRVLVDQGPDQDJHPHQWRIKHSDULQLQGXFHGWKURPERFWRSHQLDVHFRQGHGLWLRQ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7DEOH(VWLPDWLQJWKHSUREDELOLWRI+7micro7KH7Vpara

3UREDELOLWRI+7VFRUH

3RLQWVRUIRUHDFKRIFDWHJRULHVPD[LPXPSRVVLEOHVFRUH

7KURPERFWRSHQLD IDOODQGRUSODWHOHWQDGLU[O

IDOODQGRUSODWHOHWQDGLU[O


7LPLQJ13RISODWHOHWFRXQWIDOORURWKHUVHTXHODH

ampOHDURQVHWEHWZHHQGDVRUOHVVWKDQGDLIKHSDULQH[SRVXUHZLWKLQSDVWGDV

ampRQVLVWHQWZLWKLPPXQLVDWLRQEXWQRWFOHDUHJPLVVLQJSODWHOHWFRXQWVRURQVHWRIWKURPERFWRSHQLDDIWHUGD

3ODWHOHWFRXQWIDOOWRRHDUOZLWKRXWUHFHQWKHSDULQH[SRVXUH

7KURPERVLVRURWKHUVHTXHODHHJVNLQOHVLRQV

1HZWKURPERVLVVNLQQHFURVLVSRVWKHSDULQEROXVDFXWHVVWHPLFUHDFWLRQ

3URJUHVVLYHRUUHFXUUHQWWKURPERVLVHUWKHPDWRXVVNLQOHVLRQVVXVSHFWHGWKURPERVLVQRWHWSURYHQ

1RQH

27KHUFDXVHVIRUWKURPERFWRSHQLDDUHQRWHYLGHQW

1RRWKHUFDXVHIRUSODWHOHWFRXQWIDOOLVHYLGHQW

3RVVLEOHRWKHUFDXVHLVHYLGHQW

HILQLWHRWKHUFDXVHLVSUHVHQW

13)LUVWGDRILPPXQLVLQJKHSDULQH[SRVXUHFRQVLGHUHGGDWKHGDWKHSODWHOHWFRXQWEHJLQVWRIDOOLVFRQVLGHUHGWKHGDRIRQVHWRIWKURPERFWRSHQLDLWJHQHUDOO WDNHVGDVPRUHXQWLODQDUELWUDUWKUHVKROGWKDWGHILQHVWKURPERFWRSHQLDLVSDVVHG

WLVUHTXHVWHGWKDWWKH7V WHVWEHDSSOLHGWRDOOSDWLHQWVIRUZKRPVDPSOHVDUHUHIHUUHGIRUKHSDULQGHSHQGHQWDQWLERGLQYHVWLJDWLRQDQGWKHVFRUHHQWHUHGRQWKHUHTXHVWIRUP QVHOHFWHGFLUFXPVWDQFHVDGGLWLRQDOLQIRUPDWLRQPDEHUHTXHVWHGUHJDUGLQJVRPHUHIHUUDOV

QFDVHVZKHUHSDWLHQWVKDYHUHFHLYHGDWUDQVIXVLRQLQWKHSUHYLRXVGDVIROORZHGEDSUHFLSLWRXVGURSLQSODWHOHWFRXQWDGLDJQRVLVRI373VKRXOGDOVREHFRQVLGHUHG

2WKHUGUXJV

QYHVWLJDWLRQRIWKHSUHVHQFHRISODWHOHWVSHFLILFDQWLERGLHVDJDLQVWRWKHUGUXJVLVWLPHFRQVXPLQJ DQGSRVLWLYHFRQWUROGUXJGHSHQGHQWDQWLERGVDPSOHVDUH WSLFDOOQRWDYDLODEOH5HSRUWLQJ WLPHZLOOEHH[WHQGHGVLQFHWKHVHLQYHVWLJDWLRQVDUHQRWmicroURXWLQHparaWLVWKHUHIHUULQJFHQWUHparaVUHVSRQVLELOLWWRSURYLGHVDPSOHVRI WKH LPSOLFDWHGGUXJV SUHIHUDEO LQ DQDTXHRXV IRUPLWKRXWVXFKVDPSOHV WKHGUXJGHSHQGHQWDQWLERGWHVWZLOOQRWSURFHHG

7+520$67+(1$

$FTXLUHGWKURPEDVWKHQLD

3ODWHOHW DXWRDQWLERGLHV JHQHUDOO WDUJHW HSLWRSHV RQ 3ED amp 3E9 amp 3DDampRU39 DQG LQVRPHSDWLHQWV WKHDXWRDQWLERGPD WDUJHW WKH OLJDQGELQGLQJVLWHRI WKHVHJOFRSURWHLQV LQ FDVHV ZLWK VHYHUH WKURPERFWRSHQLD D GLDJQRVLV RI $73 LV OLNHO WR EH PDGH+RZHYHUZKHQWKHSODWHOHWFRXQWUHFRYHUVGXULQJWKHUDSDGLVFUHSDQFEHWZHHQEOHHGLQJWHQGHQFDQGSODWHOHWFRXQWPDEHDSSDUHQWQVXFKFDVHVSODWHOHWDJJUHJDWLRQVWXGLHVPDEHFRQVLVWHQWZLWKODQ]PDQQparaV7KURPEDVWKHQLD 7HUQDUG6RXOLHU6QGURPH 66 RUDFROODJHQUHFHSWRUGHILFLHQFRIWKHDFTXLUHGWSH3$JDQGDXWRDQWLERGVSHFLILFLWLQYHVWLJDWLRQVDUHLPSRUWDQWLQWKHVHUDUHFDVHVWRFRQILUPWKHWUXHSDWKRSKVLRORJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ODQ]PDQQparaVWKURPEDVWKHQLD 7HUQDUG6RXOLHU6QGURPH 66FROODJHQUHFHSWRUGHILFLHQFLHV

+RPR]JRXVRU FRPSRXQGKHWHUR]JRXVPLVVHQVHQRQVHQVHPXWDWLRQVRUGHOHWLRQVLQVHUWLRQV LQJHQHVHQFRGLQJSODWHOHWPHPEUDQHUHFHSWRUVFDQFDXVHFRQJHQLWDOEOHHGLQJGLVRUGHUVRIWKHSODWHOHWWSHampODVVLFH[DPSOHVDUH7DQG66 ZKLFKDUHERWKUDUHDXWRVRPDOUHFHVVLYHGLVRUGHUVZLWKDQDEVHQFH RU UHGXFHG H[SUHVVLRQ RI WKH SODWHOHW Į LQWHJULQ 3ED amp DQG WKH 9RQLOOHEUDQG )DFWRU UHFHSWRU FRPSOH[ 3E9 amp UHVSHFWLYHO 5HGXFHG H[SUHVVLRQ RI WKHSODWHOHWFROODJHQUHFHSWRUV3DDRUĮLQWHJULQDQG39KDYHDOVREHHQUHSRUWHGDVDFDXVHRIFRQJHQLWDOWKURPEDVWKHQLD

QYHVWLJDWLRQV

7KHGLDJQRVLVRI766DQGFROODJHQUHFHSWRUGHILFLHQFLHVLVPDGHRQEOHHGLQJSKHQRWSHEWKHUHVXOWVRI SODWHOHWDJJUHJDWLRQVWXGLHVDQGLQFODVVLF66RQSODWHOHWFRXQWDQGPRUSKRORJ+RZHYHUPLVVHQVH PXWDWLRQV DVVRFLDWHG ZLWK D PLOG SKHQRWSH PLJKW EH PLVVHG LQ DJJUHJDWLRQ VWXGLHVGHSHQGLQJRQWKHGRVHRIDJRQLVWXVHGDQG66ZLWKRXWWKHVWULNLQJPRUSKRORJRIJLDQWSODWHOHWVKDVEHHQUHSRUWHG0RQRFORQDOSODWHOHWJOFRSURWHLQDQWLERGLHVDJDLQVWampampDQGampDQGIORZFWRPHWUSURYLGHDVHQVLWLYHPHWKRGWRFRQILUPWKHGLDJQRVLV+RZHYHUPDQODERUDWRULHVRQOXVHDVLQJOHPRQRFORQDODQWLERGIRUHDFKampPDUNHUZKLFKOLPLWVWKHGLDJQRVWLFVHQVLWLYLWQXOOPXWDQWVZLOOEH LGHQWLILHG EXW VXEWOHU PLVVHQVHPXWDWLRQVPD UHPDLQ XQGHWHFWHG ampRQVHTXHQWO WKH SDWLHQWparaVSODWHOHWV DUH WHVWHGZLWK D ODUJH SDQHO RI WKH UHOHYDQWPRQRFORQDO DQWLERGLHV WR LPSURYHGLDJQRVWLFVHQVLWLYLW7KHVHWHVWVFDQRQOEHSHUIRUPHGDIWHUGLVFXVVLRQZLWKWKH+ODERUDWRUDW)LOWRQ

I WKHGLDJQRVLVRI766RU LQKHULWHGFROODJHQUHFHSWRUGHILFLHQF LVFRQILUPHGDGYLFHUHJDUGLQJWUDQVIXVLRQVXSSRUWZLOOEHSURYLGHG

QDGGLWLRQ GLUHFWVHTXHQFLQJRIWKHFRGLQJUHJLRQVRIWKHUHOHYDQWJHQHV66plusmn 3ED3EE 37plusmn 7$ DQG7 LVQRZDYDLODEOHSOHDVHFRQWDFW+ODERUDWRUDW1+67)LOWRQ

5$182amplt7(008122lt

7KHUHDUHVHYHQFOLQLFDOVQGURPHVIRUZKLFKVHUYLFHVDUHSURYLGHG

x $XWRLPPXQHQHXWURSHQLDx 1HRQDWDODOORLPPXQHQHXWURSHQLDx 6HYHUHDQGSHUVLVWHQWQRQKDHPROWLFIHEULOHWUDQVIXVLRQUHDFWLRQVVHHVHFWLRQx 7UDQVIXVLRQUHODWHGDFXWHOXQJLQMXUVHHVHFWLRQx 3HUVLVWHQWLVRODWHGQHXWURSHQLDDIWHUDOORJHQHLFERQHPDUURZWUDQVSODQWx UXJLQGXFHGDQWLERGPHGLDWHGQHXWURSHQLDx 6HYHUHUHDFWLRQVWRJUDQXORFWHWUDQVIXVLRQVVHHVHFWLRQ

$XWRLPPXQH1HXWURSHQLD $1

$1LVDUDUHFOLQLFDOFRQGLWLRQFDXVHGEJUDQXORFWHDXWRDQWLERGLHVZKLFKPDRFFXUHLWKHULQFKLOGUHQRUDGXOWV EXWZKLFKRIWHQUHPDLQVXQGLDJQRVHG$XWRLPPXQHQHXWURSHQLDFRPPRQORFFXUVLQFKLOGUHQEHWZHHQ WKHDJHVRIPRQWKVDQG HDUV ZKHUH LW LV UHIHUUHG WRDV $XWRLPPXQH1HXWURSHQLDRIQIDQF$1DOWKRXJKDSSOLHGVWULFWOWKHWHUPmicroLQIDQFpara GHVFULEHV FKLOGUHQXQGHURQHHDURIDJH $1WHQGV WR EH D VHOIOLPLWLQJ DXWRLPPXQH FRQGLWLRQ EXW FDQ ODVW VHYHUDO HDUV Q DGXOW SDWLHQWV $1SUHVHQWV DV D FKURQLF GLVRUGHU HLWKHU DV DQ LVRODWHG SULPDU QHXWURSHQLD RU DV D QHXWURSHQLDVHFRQGDU WR RWKHU GLVRUGHUV VXFK DV UKHXPDWRLG DUWKULWLV VVWHPLF OXSXV HUWKHPDWRVXV )HOWparaVVQGURPH DQGFKURQLFOPSKRFWLFDQGODUJHJUDQXORFWLFOHXNDHPLDV

UDQXORFWHDXWRDQWLERGLHVPDWDUJHWWKHORZDIILQLW)FUHFHSWRUIRUJ)FJ5ERUamp3 ND UHODWHG DQWLJHQV amp RU amp $XWRDQWLERGLHV FDQ GHPRQVWUDWH KXPDQ QHXWURSKLO

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


DQWLJHQV+1$ UHODWHGVSHFLILFLWDQGWKHUHIRUHWKHVHUDDUHVFUHHQHGDJDLQVWDSDQHORIJUDQXORFWHVWSHGIRU+1$2QRFFDVLRQLWLVLPSRUWDQWWRGHWHUPLQHZKHWKHUDQWLERGLHVZLWK+1$VSHFLILFLWDUHDXWRLPPXQHRUDOORLPPXQHLQRULJLQ7KLVFDQEHDFKLHYHGEWSLQJWKHSDWLHQWIRUWKHUHOHYDQW+1$DQGRUSHUIRUPLQJDGLUHFWJUDQXORFWHLPPXQRIOXRUHVFHQFHWHVWPPXQHFRPSOH[HVPDDOVRELQGWRJUDQXORFWHV7KHUHLVQRVLPSOHSURFHGXUHWRGLVWLQJXLVKEHWZHHQLPPXQHFRPSOH[HVDQGSDQUHDFWLYHDXWRDQWLERGLHV

QYHVWLJDWLRQV

7KH VHUXP ZLOO EH LQYHVWLJDWHG E WKH LQGLUHFW JUDQXORFWH LPPXQRIOXRUHVFHQFH DQGFKHPLOXPLQHVFHQFH WHVWVXVLQJ JUDQXORFWHV IURPGRQRUV WSHG IRU+1$ plusmn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amp6) RU9ZLWKLQWKHSUHYLRXVZHHNVUDQXORFWHVDUH ODELOHFHOOV WKDWGHWHULRUDWHUDSLGO LQYLWURampRQVHTXHQWOEORRGVDPSOHVIRUGLUHFWWHVWVPXVWUHDFKWKHVHFWLRQRIWKH+ODERUDWRUDW1+67)LOWRQZLWKLQKRXUVRI YHQHVHFWLRQ 7KH ODERUDWRU PXVW EH FRQWDFWHG SULRU WR VHQGLQJ VDPSOHV IRU GLUHFW WHVWV VRDSSURSULDWHFRQWUROVDPSOHVFDQEHDUUDQJHG

1HRQDWDO$OORLPPXQH1HXWURSHQLD 1$1

1$1LVFDXVHGEPDWHUQDODOORDQWLERGLHVDJDLQVWDJUDQXORFWHVSHFLILFDQWLJHQZKLFKLVSUHVHQWRQWKHQHXWURSKLOVRIWKHQHRQDWHDQGDEVHQWIURPWKHPDWHUQDOQHXWURSKLOV7KHFRQGLWLRQLVUDUHLQELUWKVEXWPDEHXQGHUGLDJQRVHG3URIRXQGQHRQDWDOQHXWURSHQLDSODFHVWKHFKLOGDWULVNRILQIHFWLRXVFRPSOLFDWLRQV7KHQHXWURSHQLDPDSHUVLVWIRUXSWRVL[PRQWKVQWKHPDMRULWRIFDVHVWKHPDWHUQDODOORDQWLERGLHVDUHGLUHFWHGDJDLQVW+1$2FFDVLRQDOO1$1FDQDULVHGXHWRWKHIRUPDWLRQRILVRDQWLERGLHVDJDLQVWJUDQXORFWHPHPEUDQHJOFRSURWHLQVHJ)FJ5E ampZKLFK LVDEVHQW LQDSSUR[LPDWHOLQRIWKHSRSXODWLRQampOLQLFDOPDQDJHPHQWFRQVLVWVRIWKHXVHRIDQWLELRWLFVHLWKHUSURSKODFWLFDOORULQUHVSRQVHWR LQIHFWLRQVamp6)PDEHUHTXLUHGZKHUHWKHUHLVVHYHUHSHUVLVWHQWQHXWURSHQLDDQGLQIHFWLRQ

QYHVWLJDWLRQV

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

3HUVLVWHQWLVRODWHGQHXWURSHQLDDIWHUERQHPDUURZWUDQVSODQW

RWK +1$ DOORDQWLERGLHV DQG DXWRDQWLERGLHV FDQ FDXVH SHUVLVWHQW LVRODWHG QHXWURSHQLD DIWHU ERQHPDUURZ WUDQVSODQWDWLRQ UDQXORFWH LPPXQRORJ LQYHVWLJDWLRQV FDQ EH LQIRUPDWLYH LQ VXFK FDVHVQYHVWLJDWLRQVDUHVLPLODUWRWKRVHGHVFULEHGDERYH

UXJLQGXFHGDQWLERGPHGLDWHGQHXWURSHQLD

$ZLGHUDQJHRIGUXJVFDQFDXVHLPPXQHPHGLDWHGQHXWURSHQLD+RZHYHUWKHVHLGLRVQFUDWLFUHDFWLRQVRQORFFXU LQDVPDOOQXPEHURISDWLHQWV7KHUHDUHVHYHUDOPHFKDQLVPV IRUGUXJ LQGXFHGDQWLERG

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


PHGLDWHGQHXWURSHQLD2QHHVWDEOLVKHGPHFKDQLVPRFFXUVZKHQPHPEUDQHJOFRSURWHLQVELQGWRWKHGUXJWRIRUPDKDSWHQ7KLVFDXVHVWKHIRUPDWLRQRIDQWLERGLHVZKLFKRQOELQGWRJUDQXORFWHVLQWKHSUHVHQFH RI WKH GUXJ4XLQLQH DQG LWV VWHUHRLVRPHU TXLQLGLQH LV NQRZQ WR FDXVH GUXJ GHSHQGHQWDQWLERGIRUPDWLRQYLDWKLVKDSWHQPHFKDQLVP

2WKHUGUXJVHJODFWDPVKDYHEHHQUHSRUWHGWRHOLFLWWKHIRUPDWLRQRIDQWLERGLHV$OWHUQDWLYHOVRPHGUXJVLQGXFHWKHIRUPDWLRQRImicroWUXHparaDXWRDQWLERGLHVZKLFKDUHDEOHWRELQGJUDQXORFWHVLQWKHDEVHQFHRIDQ GUXJ7KHVHGUXJV HJ OHYDPLVROHDSSHDU WRDOWHU WKHKRPHRVWDVLVRI WKH LPPXQHVVWHPUHVXOWLQJLQDXWRLPPXQLWDJDLQVWJUDQXORFWHVLQDVPDOOQXPEHURISDWLHQWV

7KH LQYHVWLJDWLRQRIFDVHVZLWK GUXJGHSHQGHQWDQWLERGLHV FDQEHFRPSOLFDWHG)XUWKHUPRUHVRPHDQWLERGLHVKDYHEHHQUHSRUWHGWRRQOEHGHWHFWHGDWVSHFLILFFRQFHQWUDWLRQVRIWKHGUXJEVSHFLILFWHFKQLTXHVRULQWKHSUHVHQFHRIGUXJPHWDEROLWHV3OHDVHSKRQHWKH+ODERUDWRUDW1+67)LOWRQEHIRUHUHIHUULQJVXFKFDVHV

QYHVWLJDWLRQV

7KH SDWLHQW VHUXP VDPSOH LV LQYHVWLJDWHG IRU JUDQXORFWHVSHFLILF DQWLERGLHV E JUDQXORFWHLPPXQRIOXRUHVFHQFHWHVWVXVLQJDSDQHORIJUDQXORFWHVWSHGIRU+1$ WR LQWKHSUHVHQFHDQGDEVHQFHRIWKHLPSOLFDWHGGUXJ7KHUHIHUULQJFHQWUHPXVWSURYLGHDVDPSOHRIWKHLPSOLFDWHGGUXJV)XUWKHULQYHVWLJDWLRQVPDUHTXLUHWKHSURYLVLRQRIDQWLFRDJXODWHGEORRGIURPWKHSDWLHQW

UDQXORFWHWUDQVIXVLRQUHDFWLRQV

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

+$(0$7232(7amp67(0amp(75$163$17$721

+$WSLQJRIUHFLSLHQWVDQGUHODWHGRUXQUHODWHGGRQRUV

QFRPSDWLELOLW LQ WKH +$ H[SUHVVHG E WKH UHFLSLHQW DQG WKH VWHP FHOO GRQRU LV RQH RI WKHPRVWLPSRUWDQWIDFWRUVLQIOXHQFLQJWKHRXWFRPHRIWUDQVSODQWDWLRQWLVWKHUHIRUHFUXFLDOWKDWWKHPRVWXSWRGDWH WHFKQLTXHVDUHXVHGWR LGHQWLI WKHVH LQFRPSDWLELOLWLHVDW WKH1$ OHYHO7KH LPSOHPHQWDWLRQRI16IRUDOOHOLFOHYHO+$WSLQJLVSDUWRI1+67paraVVWUDWHJWRVXSSRUWLPSURYHGSDWLHQWRXWFRPHVZLWKWKHODWHVWWHFKQRORJLFDODGYDQFHVLQ +$WSLQJ1+67+ODERUDWRULHVDUHSHUIHFWOSODFHGWRFDUURXWWKHVHWHVWVVLQFHDVLJQLILFDQWQXPEHURISDWLHQWVSUHSDUHGIRUKDHPDWRSRLHWLFVWHPFHOOWUDQVSODQWDUHDOVR LQYHVWLJDWHGE1+67IRU WKHLUSODWHOHW WUDQVIXVLRQVXSSRUW$OODVSHFWVRI WKH VHUYLFHDUHFRPSOLDQWZLWKWKHUHOHYDQWVWDQGDUGVIRUKDHPDWRSRLHWLFVWHPFHOOWUDQVSODQWDWLRQ VSHFLILFDOO

x 6WDQGDUGVIRU+LVWRFRPSDWLELOLW7HVWLQJ9HUVLRQ (XURSHDQ)HGHUDWLRQIRUPPXQRJHQHWLFV ()-DQXDU KWWSVZZZHILZHERUJHILFRPPLWWHHVVWDQGDUGVFRPPLWWHHKWPO

+$DQWLERGVFUHHQLQJIRUKDHPDWRSRLHWLFVWHPFHOOWUDQVSODQWSDWLHQWV

)RUFHUWDLQSDWLHQWVXQGHUJRLQJDOORJHQHLFVWHPFHOOWUDQVSODQWDWLRQLWLVDGYLVDEOHWRSHUIRUP+$FODVVDQGFODVVVSHFLILFDQWLERGVFUHHQLQJZHOOLQDGYDQFH$VWKHXVHRIDOWHUQDWLYHGRQRUVHJ+$PLVPDWFKHGDGXOWGRQRUVKDSORLGHQWLFDOGRQRUVDQGFRUGEORRGIRU+6amp7LVLQFUHDVLQJWKHUHOHYDQFH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


RI+$VSHFLILFDQWLERGLHVRQGRQRUFRPSDWLELOLWEHFRPHVFULWLFDOQRZOHGJHRIWKHSDWLHQWparaVDQWLERGVWDWXV LV RI YDOXH ZKHQ VHOHFWLQJ WKH ILQDO GRQRU IRU WUDQVSODQW DQG DVVHVVLQJ RYHUDOO ULVN 3ODWHOHWWUDQVIXVLRQVXSSRUWPDDOVREHFRPSOLFDWHGLQ+$DQWLERGSRVLWLYHSDWLHQWV

8QUHODWHGGRQRUVHDUFKHVRIWKHVWHPFHOODQGFRUGEORRGUHJLVWULHV

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

UDIWQIRUPDWLRQ$GYLVRU6HUYLFH$6DQG FRPSDWLELOLWDVVHVVPHQW

UDIWQIRUPDWLRQ$GYLVRU6HUYLFH$6DQGFRPSDWLELOLWDVVHVVPHQWLVDQLQWHJUDOSDUWRIKDHPDWRSRLHWLFVWHPFHOOWUDQVSODQWDWLRQVXSSRUWIURPRXUODERUDWRULHV2XUVHUYLFHVDUHDOZDVVXSSRUWHGEWKHKLJKHVWVWDQGDUGVRIDGYLFHIURPampRQVXOWDQWampOLQLFDO6FLHQWLVWVDQGWKHLUVWDIIampOLQLFDO6FLHQWLVWVWDIIZLOOVXSSRUWWKHLGHQWLILFDWLRQDQGVHOHFWLRQRIGRQRUVPRVWDGYDQWDJHRXVWRRXUSDWLHQWV$6HQFRPSDVVHVWKHZKROHSURFHVVIURPGLDJQRVLVWKURXJKWRSRVWWUDQVSODQWDQGEHRQGLQFOXGLQJWUDQVSODQW DQGDQWLERGPRQLWRULQJDQGVXSSORIVSHFLDOLVHGVHOHFWHGEORRGSURGXFWVZKHQQHHGHG

ampKLPHULVPLQYHVWLJDWLRQIRUSRVWWUDQVSODQW PRQLWRULQJ

$VVHVVPHQWRIWKHFKLPHULFVWDWXVRID SDWLHQWIROORZLQJ WUDQVSODQWDWLRQFDQEHXQGHUWDNHQ XVLQJ6KRUW7DQGHP 5HSHDW 675 DQDOVLV )OXRUHVFHQWO ODEHOOHG 3amp5 SULPHUV DUH XVHG WR DPSOLI 675 ORFLUHVXOWLQJLQDQmicro675SURILOHparaIRUWKHSDWLHQWSUHWUDQVSODQWWKHGRQRUDQGWKHSDWLHQWSRVWWUDQVSODQW

$ SUHWUDQVSODQW VDPSOH IURP WKH SDWLHQW DQG DQ (7$ SHULSKHUDO EORRG VDPSOH RU ERQH PDUURZDVSLUDWHSRVWWUDQVSODQWLVUHTXLUHGIRU675DQDOVLV $GRQRUVDPSOHLVDOVRUHTXLUHGKHUHSRVVLEOHLIVDPSOHVL]HDOORZVERWKSDWLHQWSUHWUDQVSODQWDQGGRQRU1$ZLOOEHVWRUHGDWODERUDWRULHVZKHUH+$WSLQJKDVEHHQSHUIRUPHGIDVWRUHGVDPSOHLV QRWDYDLODEOHLWLVSRVVLEOHWRLVRODWH1$IURPWKHEXFFDOFHOOVRIWKHSDWLHQWZLWKWKHUHVXOWLQJ1$EHLQJWKHHTXLYDOHQWRIDSUHWUDQVSODQWVDPSOHlt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

675DQDOVLV LVDOVRDFULWLFDO GLDJQRVWLF WRRO LQ WKH LQYHVWLJDWLRQRI7$9+675SURILOHV FDQEHHVWDEOLVKHGIRUWKHSDWLHQWSUHWUDQVIXVLRQWKHLPSOLFDWHGGRQRUDQGWKHSDWLHQWSRVWWUDQVIXVLRQ7KLVDOORZVDVVHVVPHQW RI WKH FKLPHULF VWDWXV RI WKH SDWLHQW SRVWWUDQVIXVLRQ6DPSOHV UHTXLUHG IRU WKLVDQDOVLVZRXOGEHDSDWLHQWSUHWUDQVIXVLRQVDPSOHLIQR1$KDVSUHYLRXVOEHHQLVRODWHGIURPWKLVSDWLHQWWKHQDEXFFDOVFUDSHZRXOGSURYLGHFHOOVIRU1$LVRODWLRQDQ(7$EORRGVDPSOHIURPWKHGRQRUDQGDQ(7$VDPSOHIURPWKHSDWLHQWSRVWWUDQVIXVLRQ

ULWLVK-RXUQDORI+DHPDWRORJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721

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ampRQVXOWDQW HYHORSPHQW RI ORFDO WUDQVSODQW SROLFLHV SDUWLFXODUO DOORFDWLRQ UXOHV VKRXOGLQFOXGHOLDLVRQZLWKWKH+HDGRIDERUDWRUampOLQLFDODQGVFLHQWLILFDGYLFHIURPDQ+FRQVXOWDQW FOLQLFDOVFLHQWLVWUHODWLQJWRVROLGRUJDQWUDQVSODQWDWLRQLVDOVRDOZDVDYDLODEOH

+$WSLQJ IRU627[

Q WKH 8 GHFHDVHG GRQRU NLGQHV DUH FXUUHQWO DOORFDWHG WKRXJK 1+67 2UJDQ RQDWLRQ 7UDQVSODQWDWLRQ27XVLQJPDWFKLQJDOJRULWKPVLQZKLFK+$PDWFKLVDNHIDFWRU 7KXV DOOSDWLHQWVDUHUHTXLUHGWREH+$WSHGEHIRUHEHLQJSODFHGRQWKHWUDQVSODQWZDLWLQJOLVWRQRUVZLOOEH+$WSHGDQGWKHQDOORFDWHGWRUHFLSLHQWVRQWKHOLVWEDVHGRQIDFWRUVLQFOXGLQJ+$PDWFK7KHPDWFKLQJVFKHPHV IRU RUJDQ DOORFDWLRQ FDQ EH IRXQG RQ WKH 27 ZHE VLWH DWKWWSZZZRGWQKVXNWUDQVSODQWDWLRQJXLGDQFHSROLFLHV

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

5RXWLQHWHVWLQJIRU+$VSHFLILFDQWLERGLHV

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amp53DQG4DQWLJHQV)RUVRPHVHUDLHWKRVHIURPKLJKOVHQVLWLVHGSDWLHQWVUHDFWLQJZLWKRYHURIWKHGRQRUSRSXODWLRQWKLVPDUHTXLUHVXFFHVVLYHWHVWLQJELQFUHDVLQJOVHQVLWLYHDQGVSHFLILFWHFKQLTXHVQVXFKFDVHVWKHFRPSOHWLRQRIWHVWLQJPDWDNHVLJQLILFDQWOORQJHUWKDQIRUOHVVFRPSOH[FDVHV

)RUFHUWDLQKLJKOVHQVLWLVHGSDWLHQWVSUHWUDQVSODQWDQWLERGUHPRYDOGHVHQVLWLVDWLRQPDRIIHUWKHRQO SRVVLELOLW RI EHLQJ WUDQVSODQWHG 1+67 + ODERUDWRULHV FDQ VXSSRUW VXFK SURFHGXUHV EXWEHFDXVHLWLVH[FHVVLYHOODERXULQWHQVLYHIRUWKHODERUDWRUWKLVPXVWEHGLVFXVVHGDQGSODQQHGZLWKWKH+HDGRIWKHDERUDWRUEHIRUHSURFHHGLQJ

3RVWWUDQVSODQW DQWLERGPRQLWRULQJLVUHFRPPHQGHGIRUPRVWWSHVRIVROLGRUJDQWUDQVSODQWDWLRQ)RULPPXQRORJLFDOO KLJKULVN WUDQVSODQWVDQWLERGPRQLWRULQJVKRXOGEH LQWHQVLILHG )RUDQWUDQVSODQWLI

766+XLGHOLQHVIRUWKHGHWHFWLRQDQGFKDUDFWHULVDWLRQRIFOLQLFDOOUHOHYDQWDQWLERGLHVLQDOORWUDQVSODQWDWLRQ9HUVLRQ-DQXDUKWWSVEWVRUJXNZSFRQWHQWXSORDGVB76B6+B$QWLERGLHVSGI

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


UHMHFWLRQ LV VXVSHFWHGD WHVW IRU GRQRU VSHFLILFDQWLERGLHVFDQFRQILUPDGLDJQRVLVRI UHMHFWLRQDQGLQGLFDWHDFRXUVHRIPDQDJHPHQW6XFKWHVWLQJFDQEHSHUIRUPHGRQGHPDQGEXWXVXDOORQOGXULQJQRUPDOZRUNLQJKRXUV

ampURVVPDWFKLQJ

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ampRPSOHPHQWHSHQGDQWampWRWR[LFampamp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

$SURVSHFWLYHFURVVPDWFKLVUHTXLUHGRUUHFRPPHQGHGLQUHQDOSDQFUHDWLFFDUGLRWKRUDFLFDQGVPDOOERZHO WUDQVSODQWDWLRQ 7KH FKRLFH RI SUHWUDQVSODQW FURVVPDWFK FDQ YDU ZLWK WUDQVSODQW WSH DQGVKRXOG EH FRQWUROOHG E ORFDO SROLFLHV JXLGHG E QDWLRQDO SROLFLHV JXLGHOLQHV DQG DFFUHGLWDWLRQVWDQGDUGV KHUH WKH SURVSHFWLYH FURVVPDWFK ZDV D YLUWXDO FURVVPDWFK D UHWURVSHFWLYH GRQRUOHXFRFWHFRQILUPDWRUFURVVPDWFKVKRXOGDOZDVEHGRQH

7KHWLPHWDNHQWRSHUIRUPWKH OHXFRFWHFURVVPDWFK LVXVXDOOEHWZHHQDQGKRXUVRI ODERUDWRUWLPH$90FDQXVXDOOEHFRPSOHWHGLQPLQXWHVEXWWKLVGRHVUHTXLUHWKHRQFDOO+VFLHQWLVWWRJRWRWKHODERUDWRULQRUGHUWRUHYLHZWKHSDWLHQWparaVVHURORJLFDOKLVWRU

7KH UHVXOWVRIFURVVPDWFK WHVWVFDQEHKLJKOFRPSOH[SDUWLFXODUO LQSDWLHQWVZLWKKLVWRULFDOOKLJKOHYHOVRIDQWLERGLHVZKLFKKDYHVLQFHGHFUHDVHG6SHFLDOLVHGLQWHUSUHWDWLRQRIWKHVHUHVXOWVLVQHFHVVDUWRGHWHUPLQHWKHLUFOLQLFDOVLJQLILFDQFH$GYLFHRQVSHFLILFFDVHV ZLOOEHSURYLGHGEWKH+FRQVXOWDQWFOLQLFDOVFLHQWLVWDVUHTXLUHG

3UHWUDQVSODQW DQWLERGUHPRYDOHVHQVLWLVDWLRQ

3UHWUDQVSODQW DQWLERG UHPRYDO XQGHUWDNHQ WR DOORZ WUDQVSODQWDWLRQ LQ FURVVPDWFK SRVLWLYH FDVHV$QWLERGLQFRPSDWLEOH7UDQVSODQWDWLRQ$L7LVWHUPHGGHVHQVLWLVDWLRQ QFRPSDWLELOLWLVHLWKHUGXHWR$2PLVPDWFKRUSUHIRUPHG+$RQRU6SHFLILF$QWLERGLHV 6$HVHQVLWLVDWLRQ LVDFKLHYHGEH[WUDFRUSRUHDODQWLERGUHPRYDOXVLQJYDULRXVWHFKQLTXHV

XULQJWKHGHVHQVLWLVDWLRQSURFHVVDQWLERGUHPRYDOVKRXOGEHPRQLWRUHGVRWKDWWKHHIIHFWLYHQHVVRIWKH SURFHVV FDQ EH DVVHVVHG DQG D VDIH OHYHO RI UHVLGXDO DQWLERG FDQEH GHWHUPLQHGEHIRUH WKHWUDQVSODQWFDQSURFHHGXULQJWKHHDUOSRVWWUDQVSODQWSKDVH6$FDQEHUHVQWKHVLVHGDQGFDXVHUHMHFWLRQ (DUO GHWHFWLRQ RI DQ HPHUJLQJ UHVSRQVH DOORZV HIIHFWLYH WUHDWPHQW DQGPDQDJHPHQW RIUHMHFWLRQ )UHTXHQW 6$ PRQLWRULQJ ZLWK IDVW WXUQDURXQG WLPHV DUH WKHUHIRUH HVVHQWLDO IRU D VDIHGHVHQVLWLVDWLRQSURJUDPPH

5DSLG6$WHVWLQJ UHTXLUHVVLJQLILFDQWUHVRXUFHVDQGVFLHQWLILFVWDIIQHHGWREHDYDLODEOHRQGHPDQG7KHUHIRUH LIODERUDWRUVXSSRUWIRU$L7LVUHTXLUHGWKHUHPXVWEHDIRUPDODJUHHPHQWZLWKWKHODERUDWRU

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


WR DOORFDWH WKH QHFHVVDU UHVRXUFHV (IIHFWLYH FRPPXQLFDWLRQ EHWZHHQ WKH ODERUDWRU DQG WKHWUDQVSODQWXQLWLVHVVHQWLDOIRUWKHVHKLJKULVN SURFHGXUHVWREHXQGHUWDNHQZLWKVDIHW$UHOLDEOHDQGXQLPSHGHGVDPSOHWUDQVSRUWVVWHPPXVWEHHVWDEOLVKHG

7HVWV

$2$L7

$QWLERGOHYHOVZLOOEHPRQLWRUHGLQWHUPVRIWLWUHRIJDQGJ0XVLQJUHDJHQWUHGFHOOVRIWKHGRQRUJURXS7UDQVSODQWDWLRQZRXOGQRWQRUPDOOSURFHHGLIWKHWLWUHRIWKHFRUUHVSRQGLQJDQWLERGH[FHHGV WLVWKHUHIRUHYHULPSRUWDQWWRWHVWLPPHGLDWHOEHIRUHWKHWUDQVSODQWLV WRSURFHHGQ1+67$2WHVWLQJLVFDUULHGRXWE5HGampHOOPPXQRKHPDWRORJ5ampZKRZLOOPDNHDVHSDUDWHFKDUJHIRUWKLVVHUYLFH

+$$L7

7KHDPRXQWRIGHVHQVLWLVDWLRQUHTXLUHGZLOOGHSHQGRQWKHSUHWUHDWPHQWOHYHOVRI6$7KHKLJKHVWOHYHOVRI6$ZLOOEHFWRWR[LFDQGDFWRWR[LFWLWUHDVVDVKRXOGEHSHUIRUPHGWRPHDVXUHWKHVHDJDLQVWGRQRUOPSKRFWHVampampFURVVPDWFK 7KHVWUHQJWKRIQRQFWRWR[LF6$VKRXOGEHDVVHVVHGEDIORZFWRPHWULFFURVVPDWFK)amp0

6$ OHYHOV DQG VSHFLILFLW DUH PRVW HIIHFWLYHO PRQLWRUHG XVLQJ DQWLJHQ FRDWHG EHDGV LQ DQLPPXQRIOXRUHVFHQFH DVVD HJ XPLQH[ 7KHVH DVVDV DUH VLJQLILFDQWO PRUH VHQVLWLYH WKDQSUHYLRXVPHWKRGVDQGRXUH[SHULHQFHVKRZVWKDWUHGXFLQJ6$WRXQGHWHFWDEOHEGHVHQVLWLVDWLRQLVUDUHODFKLHYHG$QDVVHVVPHQWRIDVDIHOHYHOIRUWUDQVSODQWDWLRQQHHGVWREHGHWHUPLQHGIRUHDFKFDVHEGLVFXVVLQJZLWKWKH+FRQVXOWDQW $SUHWUDQVSODQWFURVVPDWFKVKRXOGDOZDVEHSHUIRUPHGQRUPDOOD)amp0LVVXIILFLHQW

)UHTXHQFRIWHVWLQJ

XULQJ DQWLERG UHPRYDO SUH DQG SRVWWUHDWPHQW VHUXP VDPSOHV VKRXOG EH VHQW GLUHFWO WR WKHODERUDWRU 7KURXJKRXWWKHHDUOSRVWWUDQVSODQW SKDVHXSWRWKUHHZHHNVGDLOVHUXPVDPSOHVVKRXOGEH WDNHQDQGVHQW WR WKH ODERUDWRU(DUOSRVWWUDQVSODQWDQWLERGUHVQWKHVLVFDQEH WUHDWHGZLWKDQWLERGUHPRYDOLIDFFRPSDQLHGEUHMHFWLRQDQGWKLVVKRXOGEHPRQLWRUHGDVDERYH)URPZHHNWKUHHDSSUR[LPDWHOZHHNOVHUXPVDPSOHVVKRXOGEHWDNHQIRUDQWLERGWHVWLQJXQWLODVWDEOHDQWLERGSURILOHLVHVWDEOLVKHGXVXDOOPRQWKV7KHUHDIWHUPRQWKOVDPSOHVVKRXOGEHWDNHQWRHDURQH IROORZHGEVL[PRQWKOVDPSOHV

$GGLWLRQDO6HUYLFHV

QDGGLWLRQWRSHUIRUPLQJDQGUHSRUWLQJWHVWVWKHUHDUHFHUWDLQVXSSRUWLQJDQGDGPLQLVWUDWLYHHOHPHQWVSURYLGHG E WKH ODERUDWRU ZKLFKPD FRQVWLWXWH SDUW RI WKH + VHUYLFH UHTXLUHG IRU D WUDQVSODQWSURJUDPPH W LV LPSRUWDQW WKDW FORVH OLDLVRQ LVPDLQWDLQHG EHWZHHQ WKH ODERUDWRU DQG WKH FOLQLFDOWUDQVSODQWXQLWV LQ RUGHU WRHVWDEOLVK JRRGZRUNLQJ UHODWLRQVKLSVZLWK WKHPHGLFDO DQG QXUVLQJVWDII6HQLRU ODERUDWRUVWDIIVKRXOGDWWHQGUHOHYDQWFOLQLFDODQGDXGLWPHHWLQJV7KH+ODERUDWRUVKRXOGSODDPDMRUUROHZLWKLQWKHPXOWLGLVFLSOLQDUWHDPLQYROYHGLQWKHSURYLVLRQSODQQLQJDQGGHYHORSPHQWRIFOLQLFDOWUDQVSODQWDWLRQVHUYLFHV

7KHODERUDWRUPDLQWDLQVDGDWDEDVHRIVXFFHVVLYHWHVWUHVXOWVIRUDOOSDWLHQWVDQGWKHLUGRQRUV)URPWKLVZHFDQHVWDEOLVKDQGUHYLHZHDFKSDWLHQWparaV LPPXQRORJLFDOKLVWRUDQGZKHUHQHFHVVDUSURYLGHDGYLFHRQJHQHUDOWUDQVSODQWVXLWDELOLWDQGVSHFLILFDGYLFHUHJDUGLQJULVNRILQGLYLGXDOWUDQVSODQWV

)RUSDWLHQWVRQWKHQDWLRQDOUHQDOWUDQVSODQWZDLWLQJOLVWDW2UJDQRQDWLRQDQG7UDQVSODQWDWLRQ27WKH+ODERUDWRUZLOOEHUHVSRQVLEOHLIUHTXLUHGIRUXSGDWLQJWKH27GDWDEDVHZLWK+$WSLQJDQGDQWLERGGDWDDQGFROODWLQJRWKHULQIRUPDWLRQDVUHTXHVWHGQDGGLWLRQUHJLVWUDWLRQRIQHZSDWLHQWVZLWK

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


27FDQEHSHUIRUPHGEWKH+ODERUDWRU7RGRWKLVDGGLWLRQDOLQIRUPDWLRQVXFKDVGHPRJUDSKLFVYLURORJVWDWXVDQGEORRGJURXSPXVWEHJLYHQWRWKHODERUDWRU

ORRGJURXSLQJRIGRQRUVDQGUHFLSLHQWVFDQEHXQGHUWDNHQE1+675amp6DPSOHVVKRXOGEHVHQWGLUHFWWRRXUORFDO1+675ampGHSDUWPHQWZLWKDQDSSURSULDWHWHVWUHTXHVWIRUP$5ampZLOOFKDUJHVHSDUDWHOIRUJURXSLQJWHVWV

)XUWKHU LQIRUPDWLRQ DERXW 1+67 5amp VHUYLFHV FDQ EH IRXQG LQ WKHLU XVHU JXLGH DWKWWSVKRVSLWDOEORRGFRXNGLDJQRVWLFVHUYLFHVXVHUJXLGHV

KHUHD ORFDO WUDQVSODQWZDLWLQJ OLVW LV UHTXLUHG WKLVFDQDOVREHPDLQWDLQHGDQGGLVWULEXWHGE WKHODERUDWRU7KHODERUDWRUGDWDEDVHKDVWKHIXQFWLRQDOLWWRLGHQWLISDWLHQWVIURPZKRPZHKDYHQRWUHFHLYHGVXIILFLHQWOUHFHQWVDPSOHVHFDQVHQGZULWWHQUHPLQGHUVWRWKHFOLQLFDOXQLWVDVSDUWRIRXUVHUYLFH)DLOXUHWRSURYLGHXSWRGDWHVHUXPVDPSOHVFDQFRPSURPLVHWKHFKDQFHRIDSDWLHQWUHFHLYLQJDWUDQVSODQW

2XWRIKRXUV

2XWRIKRXUVRQFDOOLVSURYLGHGE+ODERUDWRULHVVXSSRUWLQJVROLGRUJDQWUDQVSODQWSURJUDPPHVKRXUVDGDGDVDHDU$FRQVXOWDQWFOLQLFDOVFLHQWLVWFDQEHFRQWDFWHGRQRXUUHTXHVWLQFDVHRIFOLQLFDOHPHUJHQFYLDRXUORFDO+RVSLWDO6HUYLFHVGHSDUWPHQW

00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt

HQHWLF YDULDWLRQV PXWDWLRQV RU SROPRUSKLVP ZLWKLQ JHQHV DUH QRZ NQRZQ WR RFFXU IUHTXHQWOWKURXJKRXWWKHKXPDQJHQRPH$PRQJVWWKHVHDUHPXWDWLRQVLQJHQHVORFDWHGRQRULQSUR[LPLWWRWKH0DMRU+LVWRFRPSDWLELOLW0+ampORFXVRQWKHVKRUWDUPRIFKURPRVRPHHQHWLFPDUNHUVGHWHUPLQLQJWKHULVNIRUWKHGHYHORSPHQWRIFHUWDLQGLVHDVHVFDQEHLGHQWLILHGEWHVWLQJSHUIRUPHGEWKH1+67+ODERUDWRULHV

([DPSOHV RI+$ JHQHV DVVRFLDWHGZLWK GLVHDVH LQFOXGH+$ZLWK DQNORVLQJ VSRQGOLWLV DQGVSHFLILF+$4JHQHVZLWKFRHOLDFGLVHDVHampQampRQOFHUWDLQ+$4KHWHURGLPHUVDUHDEOHWRSUHVHQWWKHJOXWHQSHSWLGHVWRLPPXQHFHOOVDQGLQLWLDWHWKHUHVSRQVHZKLFKOHDGVWRampampRPSOHWHWHVWLQJRIERWK4DOSKDDQG4EHWDJHQHVLVUHTXLUHGLQRUGHUWRLGHQWLIWKHLPSOLFDWHGDOOHOHV

7KH+)(JHQHDVVRFLDWHGZLWKKHUHGLWDUKDHPRFKURPDWRVLVLVDQRWKHUJHQHIRXQGLQWKH0+ampUHJLRQ7ZRPLVVHQVHPXWDWLRQVLQWKH+)(JHQHDFVWHLQHWURVLQHDQGDKLVWLGLQHDVSDUWLFDFLGKDYHERWK EHHQ VKRZQ WR EH DVVRFLDWHG ZLWK WKH GHYHORSPHQW RI GLVHDVH HWZHHQ RIKDHPRFKURPDWRVLV FDVHV DUH KRPR]JRXV IRU WKH WURVLQH FRGRQ Q DGGLWLRQ XS WR RILQGLYLGXDOV KHWHUR]JRXV IRU ERWK PXWDWLRQV PD H[KLELW HYLGHQFH RI LURQ RYHUORDG $ 1$ EDVHGWHFKQLTXHWKDWDOORZVWKHVLPXOWDQHRXVLGHQWLILFDWLRQRIERWK+)(PXWDWLRQVKDVEHHQGHYHORSHGDQGYDOLGDWHGESDUWLFLSDWLRQLQDQDSSURSULDWH(4$VFKHPH

+$JHQHVKDYHDOVREHHQIRXQGWREHPDUNHUVRIVRPHGUXJKSHUVHQVLWLYLWUHVSRQVHVPRVWQRWDEO+$13LVDVVRFLDWHGZLWKKSHUVHQVLWLYLWWRWKHDQWLUHWURYLUDOGUXJDEDFDYLU7KH+ODERUDWRULHVURXWLQHOSURYLGH+$13WHVWLQJ7HVWLQJIRURWKHU+$DOOHOHVLPSOLFDWHGLQGUXJKSHUVHQVLWLYLWUHDFWLRQVFDQDOVREHSURYLGHGRQUHTXHVW6XFKDVVRFLDWLRQVLQFOXGH+$13KSHUVHQVLWLYLWWRWKHDQWLHSLOHSWLFGUXJFDUEDPD]HSLQHLQLQGLYLGXDOVRIampKLQHVHGHVFHQWDQGZLWK$13LQampDXFDVLDQV1XPHURXVRWKHUDVVRFLDWLRQVEHWZHHQ+$DOOHOHVDQGGUXJ KSHUVHQVLWLYLWLHVKDYHEHHQUHSRUWHGLQFOXGLQJDVVRFLDWLRQVEHWZHHQDGLYHUVHUDQJHRIGUXJVDQGUXJQGXFHGLYHUQMXUDQGRWKHUKHSDWLFDGYHUVHHYHQWVLVDQLPSRUWDQWFDXVHRIVHULRXVOLYHUGLVHDVHDQGLVUHVSRQVLEOHIRURIFDVHVRIDFXWHOLYHUIDLOXUHLQ(XURSHDQGWKH867KHPRVWFRPPRQOUHSRUWHG+$DQGDVVRFLDWLRQVDUHOLVWHGLQ7DEOHDORQJZLWKH[DPSOHVRIRWKHUUHSRUWHG+$DVVRFLDWHGGUXJKSHUVHQVLWLYLWLHV

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HVWV IRU WKH GHWHFWLRQ RI SROPRUSKLVPV LQ JHQHV LQYROYHG LQ WKH PHWDEROLVP DQG DEVRUSWLRQ RILPPXQRVXSSUHVVLYHGUXJVXVHGLQRUJDQWUDQVSODQWSDWLHQWVDUHEHLQJGHYHORSHGDQGPDEHRIIHUHGE WKH+ ODERUDWRULHVVXSSRUWLQJVROLGRUJDQ WUDQVSODQWSURJUDPPHV QSDUWLFXODUFXUUHQWampOLQLFDO3KDUPDFRJHQHWLFVPSOHPHQWDWLRQXLGHOLQHVLQGLFDWHLIamplt3$ JHQRWSHLVNQRZQWKLVFDQEHXVHGWRJXLGHWDFUROLPXVGRVLQJZLWKH[WHQVLYHamplt3$13DQGLQWHUPHGLDWHamplt3$13PHWDEROLVHUVJLYHQ D WDFUROLPXV VWDUWLQJ GRVH [[ WKDW JLYHQ WR SDWLHQWV ZLWK UHGXFHGamplt3$ H[SUHVVLRQamplt3$1313

+ ODERUDWRULHVDOVRSURYLGHPROHFXODU WSLQJIRUGHWHFWLQJSROPRUSKLVPVLQRWKHU LPPXQHUHODWHGJHQHVVXFKDVPLQRU+LVWRFRPSDWLELOLWP+JHQHVQDWXUDONLOOHU1FHOOUHFHSWRUJHQHVDQGFWRNLQHJHQHV$OOSROPRUSKLVPVDUHGHWHFWHGXVLQJ1$EDVHGPHWKRGV

([DPSOHVRI+$DVVRFLDWHGDQG+$OLQNHGGLVHDVHVDUHVKRZQEHORZVHHWDEOHVDQG7KHUHDUHDGGLWLRQDO+$DVVRFLDWHGGLVHDVHVIRUZKLFKDWSLQJVHUYLFHFDQEHSURYLGHG3OHDVHFRQWDFWWKH+HDGRIDERUDWRURIRXUORFDO1+67+ODERUDWRUWRGLVFXVVWKHDSSURSULDWHWHVW

7DEOH+$DVVRFLDWHGGLVHDVHV

LUGVKRWFKRULRUHWLQRSDWK +$$13HKFHWparaVGLVHDVH +$ 13$QNORVLQJVSRQGOLWLV +$135KHXPDWRLGDUWKULWLV $PLQRDFLGV RQWKH5JHQH

45$$RU455$$1DUFROHSV +$4134$13ampRHOLDFGLVHDVH +$4$46HOHFWLYHJ$GHILFLHQF +$513413HYHORSPHQWRIDQWL+3$DLQ1$713 +$513

13 1HRQDWDO$OORLPPXQH 7KURPERFWRSHQLD

7DEOH+$OLQNHGGLVHDVHV

+DHPRFKURPDWRVLV +)(JHQHampltDQG+2+GHILFLHQF +$132+JHQH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7DEOH+$JHQHVDVVRFLDWHGZLWKGUXJKSHUVHQVLWLYLW$GYHUVHUXJ5HDFWLRQV$5

UXJUHDFWLRQ 8VHRIGUXJ +$DVVRFLDWLRQ$EDFDYLUKSHUVHQVLWLYLW

$QWLUHWURYLUDO +$13

$OORSXULQROLQGXFHGVHYHUHFXWDQHRXVDGYHUVHUHDFWLRQV6amp$5V

7UHDWPHQWRIRXW +$13

$PR[LFLOOLQFODYXODQDWHLQGXFHG

$QWLPLFURELDO +$513413

ampDUEDPD]HSLQHLQGXFHG 6WHYHQV-RKQVRQ6QGURPH7R[LF(SLGHUPDO1HFURVLV6-67(1

$QWLHSLOHSWLF +$13+DQampKLQHVH7KDLV+$$13-DSDQHVHampDXFDVLDQ

ampORSD]LQHDQGDJUDQXORFWRVLVQHXWURSHQLD

7UHDWPHQWUHVLVWDQWVFKL]RSKUHQLD

+$44413+$7131313

ampRWULPR[D]ROHLQGXFHG6-67(1

$QWLPLFURELDO +$13amp13amp137KDLVEXWPDDSSOLQRWKHUHWKQLFJURXSV

DSVRQHKSHUVHQVLWLYLWVQGURPH

$QWLPLFURELDOXVHGLQFRPELQDWLRQIRUWUHDWPHQWRIOHSURV

+$13

)HQRILEUDWHLQGXFHG

ampKROHVWHUROUHGXFWLRQLQSDWLHQWVDWULVNRIFDUGLRYDVFXODUGLVHDVH

+$$13

)OXFOR[DFLOOLQLQGXFHG

$QWLPLFURELDO +$13RQ$1313amp13513413KDSORWSH

)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH

DPRWULJHQHLQGXFHG6amp$5V

$QWLHSLOHSWLFDQWLELSRODU

+$13$137KDLDQGRWKHU$VLDQ+$13$136SDQLVK

DSDWLQLELQGXFHG

UHDVWFDQFHURWKHUVROLGWXPRXUV

+$5134$13

1HYLUDSLQHKSHUVHQVLWLYLWLQFOXGLQJKHSDWRWR[LFLWPDFXORSDSXODUH[DQWKHPD6-6DQG7(1

$QWLUHWURYLUDO +$amp13 6XE6DKDUDQV7KDLVampKLQHVH+$513 ampDXFDVLDQV+$amp13 7KDLV+$137KDLV

2[FDUED]HSLQHLQGXFHG6-67(1

$QWLHSLOHSWLF +$13+DQampKLQHVH

3KHQWRLQLQGXFHG6amp$5V

$QWLHSLOHSWLF +$13ampKLQHVH

7LFORSLGLQHLQGXFHG

$QWLSODWHOHWDQWLFRDJXODQW

+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13

7ULFKORURHWKOHQHDQGQHXURWR[LFLWKHSDWRWR[LFLWQHSKURWR[LFLWLPPXQRWR[LFLW

QGXVWULDOFKHPLFDOplusmnGHJUHDVLQJH[WUDFWLRQGUFOHDQLQJ

+$13ampKLQHVH

LPHODJDWUDQDQGHOHYDWHGVHUXPDODQLQHDPLQRWUDQVIHUDVH

7KURPERHPEROLVP

+$5134$13

3OHDVHHQTXLUHIRURWKHUWHVWLQJRXPDUHTXLUH

7DEOH3ROPRUSKLVPLQRWKHULPPXQHUHODWHGJHQHV

ampWRNLQHVDQGFWRNLQHUHFHSWRUJHQHV HJ71)$ DQG1FHOOUHFHSWRUV0LQRU+LVWRFRPSDWLELOLW DQWLJHQV +$

amp+$37(57(amp+148(686(11+67+$25$725(6

7KH IROORZLQJ WHFKQLTXHVDUHURXWLQHOXVHG LQ WKH+ ODERUDWRULHVDOWKRXJK IXUWKHU WHFKQLTXHVDUHDOVRXVHGIRUWKHLQYHVWLJDWLRQRIVXVSHFWHGWKURPEDVWKHQLDVDQGIXUWKHUVWXGLHV3OHDVHUHIHUWRWKHDSSURSULDWHVHFWLRQLQWKLVJXLGHIRUGHWDLOVUHJDUGLQJWHFKQLTXHVXVHGLQVSHFLILFFOLQLFDOFRQGLWLRQV

6FUHHQLQJIRUFWRWR[LFDQGQRQFWRWR[LF+$VSHFLILFDQWLERGLHV

6FUHHQLQJIRU+$FODVVDQGFODVVVSHFLILFDQWLERGLHVLVSHUIRUPHGXVLQJRQHRUPRUHRIDQXPEHURI GLIIHUHQW WHFKQLTXHV LQFOXGLQJ WKH ampRPSOHPHQW HSHQGDQW ampWRWR[LF WHVW XPLQH[ DQG IORZFWRPHWULF EDVHGPHWKRGV I WKH VFUHHQLQJ LV SRVLWLYH IXUWKHU WHVWV DUH FDUULHG RXW WR LGHQWLI WKHVSHFLILFLWRIWKHDQWLERGLHV

0ROHFXODU+$FODVVDQGFODVVWSLQJ

+$FODVV$ampDQGFODVV5431$WSLQJLVFDUULHGRXWXVLQJDYDULHWRI1$EDVHGWHFKQLTXHV LQFOXGLQJ6HTXHQFH6SHFLILF3ULPLQJ 663 6HTXHQFH6SHFLILF2OLJRQXFOHRWLGH3URELQJ6623 6HTXHQFH DVHG 7SLQJ 67 DQG 1H[W HQHUDWLRQ 6HTXHQFLQJ 16 $OO PROHFXODUWHFKQLTXHVXVHGIRU+$FODVVDQGFODVVPROHFXODUWSLQJKDYHEHHQIXOOYDOLGDWHGDVSDUWRIWKHSDUWLFLSDWLRQLQQDWLRQDODQGLQWHUQDWLRQDOKLVWRFRPSDWLELOLWZRUNVKRSVDQGH[WHUQDOTXDOLWDVVXUDQFHVFKHPHV

1H[WHQHUDWLRQ6HTXHQFLQJ16

1+67KDVGHYHORSHGDQGLPSOHPHQWHG16IRUDOOHOLFOHYHO+$FODVV$ampDQGFODVV54 DQG 3 WSLQJ 1+67 KDV HPSORHG D ZKROH JHQH VHTXHQFLQJ DSSURDFK ZKLFK DOORZVXQDPELJXRXVDVVLJQPHQWRIDOOHOLFOHYHO+$WSHV16WHFKQRORJLVFXUUHQWODSSOLHGWRWSLQJWKHIROORZLQJORFL +$$amp 5 DQG4IRU05GRQRUVDQGGRQDWLRQVEDQNHGEWKH1+6ampRUGORRGDQNDQGLVDYDLODEOH IRURWKHUFDWHJRULHVRISDWLHQWVGRQRUVDQGUHVHDUFKVWXGLHV

)RU PRUH LQIRUPDWLRQ DERXW +$ WSLQJ E 16 SOHDVH YLVLW RXU micro+RVSLWDOV DQG 6FLHQFHpara VLWHKWWSVKRVSLWDOEORRGFRXNGLDJQRVWLFVHUYLFHVKLVWRFRPSDWLELOLWDQGLPPXQRJHQHWLFVQH[WJHQHUDWLRQVHTXHQFLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ

LIIHUHQWWHFKQLTXHVDUHXVHGEWKHODERUDWRULHVZKLFKLQFOXGHV ampRPSOHPHQWHSHQGDQWampWRWR[LFWHVWDQGIORZFWRPHWULFEDVHGPHWKRGV

6KRUW7DQGHP5HSHDW675DQDOVLVIRUWKHGHWHFWLRQRIFKLPHULVP

)OXRUHVFHQWOODEHOOHG3amp5SULPHUVDUHXVHGWRDPSOLI675ORFLUHVXOWLQJ LQDQ micro675SURILOHparaIRUWKHSDWLHQWSUHWUDQVSODQWWKHGRQRUDQGWKHSDWLHQWSRVWWUDQVSODQW7KLVDOORZVDVVHVVPHQWRIWKHFKLPHULFVWDWXVRIWKHSDWLHQWIROORZLQJWUDQVSODQWDWLRQRUGXULQJLQYHVWLJDWLRQRIVXVSHFWHG7$9+1+67+ODERUDWRULHVDUHDEOHWRSHUIRUP675DQDOVLVRQVSHFLILFFHOOOLQHDJHVHJ7FHOOVWKHPHORLGFRPSDUWPHQWDQGFHOOV

6FUHHQLQJIRUSODWHOHWVSHFLILFDQWLERGLHV

7KH 3ODWHOHW PPXQRIOXRUHVFHQFH 7HVW 3)7 ZLWK D IORZ FWRPHWULF HQGSRLQW DQG WKH 0RQRFORQDO$QWLERGPPRELOLVDWLRQRI3ODWHOHW$QWLJHQ0$3$DVVDWRJHWKHUZLWKDSDQHORI+3$WSHGSODWHOHWVDUHXVHGWRIDFLOLWDWHWKHGHWHFWLRQDQGLGHQWLILFDWLRQRIDQWLERGLHVGLUHFWHGDJDLQVWSODWHOHWPHPEUDQHJOFRSURWHLQVRWKWHFKQLTXHVDUHXVXDOOSHUIRUPHGDVDQLQGLUHFWWHVWXVLQJSDWLHQWVHUXPEXWERWKWHVWV FDQDOVR EH XVHGDVDGLUHFWWHVWWRGHWHFWLPPXQRJOREXOLQVERXQGWRSDWLHQWparaVSODWHOHWVDQGLGHQWLISODWHOHW JOFRSURWHLQ VSHFLILFLWLHV 7SLFDOO WKH GLUHFW 0$3$ DVVD LV RQO SHUIRUPHG IRU VSHFLILFSDWLHQWVDIWHUGLVFXVVLRQZLWKWKH+ODERUDWRUDW1+67 )LOWRQQDGGLWLRQDXPLQH[EDVHGDVVDLVQRZLQXVH

0ROHFXODUWSLQJIRU+3$DOOHOHVDQG

HWHUPLQDWLRQRI+3$DOOHOHV DQGLVSHUIRUPHGXVLQJ3ROPHUDVHampKDLQ5HDFWLRQ6HTXHQFHDVHG7SLQJ3amp567

+HSDULQQGXFHG7KURPERFWRSHQLD

(6$ WHVWV IRU KHSDULQ GHSHQGHQW SODWHOHW IDFWRU VSHFLILF DQWLERGLHV DUH SHUIRUPHG LQ VXVSHFWHGFDVHV RI+HSDULQ QGXFHG 7KURPERFWRSHQLD +7 ([FHVV KHSDULQ LV DGGHG WR WKH WHVW VVWHP WRFRQILUP WKDW SRVLWLYH UHDFWLRQVDUHKHSDULQGHSHQGHQW UDWKHU WKDQDXWRDQWLERGLHV$GGLWLRQDO WHVWLQJXVLQJ GLIIHUHQW (6$ DVVDV LV DYDLODEOH IRU XVH LQ VSHFLILF FDVHV ZKHUH LQLWLDO WHVW UHVXOWV DUHDPELJXRXV

6FUHHQLQJIRUJUDQXORFWHVSHFLILFDQWLERGLHV

7KHUDQXORFWH PPXQRIOXRUHVFHQFH7HVW )7ZLWKD IORZFWRPHWULFHQGSRLQW WKHUDQXORFWHampKHPLOXPLQHVFHQFH7HVWamp7DQGWKH 0RQRFORQDO$QWLERGPPRELOLVDWLRQRIUDQXORFWH$QWLJHQ0$$DVVDDUHXVHGWRJHWKHUZLWKDQ +1$WSHGJUDQXORFWHSDQHOWRIDFLOLWDWHWKHGHWHFWLRQDQGLGHQWLILFDWLRQRIDQWLERGLHVGLUHFWHGDJDLQVWJUDQXORFWHPHPEUDQHJOFRSURWHLQV7KHVHWHFKQLTXHVDUHXVXDOO SHUIRUPHGDV LQGLUHFW WHVWVXVLQJSDWLHQW VHUXPLUHFW LPPXQRIOXRUHVFHQFH WHVWVXVLQJ WKHSDWLHQWparaVJUDQXORFWHVFDQEHSHUIRUPHGLQFHUWDLQFDVHV EXWWKHVHLQYHVWLJDWLRQVDUHUHVWULFWHGEWKHSDWLHQWparaVQHXWURSKLOFRXQWDQGWKHQHFHVVLWWRWHVWWKHVDPSOHVZLWKLQKRXUVRIYHQHVHFWLRQ$GLUHFWWHVWZLOORQOEHSHUIRUPHGDIWHUWHVWVIRUJUDQXORFWHVHUXPDQWLERGLHVKDYHEHHQSHUIRUPHGDQGPXVWEH DUUDQJHG LQ DGYDQFH ZLWK WKH + ODERUDWRU DW 1+67 )LOWRQ UDQXORFWH LPPXQRORJLQYHVWLJDWLRQVFDQEHSURORQJHGFRPSDUHGWRRWKHULQYHVWLJDWLRQVEHFDXVHJUDQXORFWHVDUHODELOHFHOOVDQGFDQQRWEHVWRUHGIRUWHVWLQJQDGGLWLRQDXPLQH[EDVHGDVVDLVQRZLQXVH

7SLQJIRU+1$

+1$ DQG DUH WSLFDOOSHUIRUPHGHLWKHUEVHURORJ +1$ RUSROPHUDVHFKDLQUHDFWLRQ E 3amp567+1$

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76

2UGHULQJEORRGSURGXFWV

$OOVWDQGDUGEORRGSURGXFWVDUHRUGHUHGIURP1+67+RVSLWDO6HUYLFHVZKLFKFDQEHFRQWDFWHGKRXUVSHUGDHDFKGDRIWKHHDU8VHGLUHFWGLDOQXPEHUVGXULQJQRUPDOZRUNLQJKRXUVDQGIRURXWRIKRXUV0HGLFDODQGVFLHQWLILFDGYLFHLVDYDLODEOHKRXUVDGD5HIHUWRampKDSWHU IRUFRQWDFWGHWDLOV

6SHFLDOLVWSURGXFWVLVVXHGEWKH+)XQFWLRQ

+$DQGRU+3$VHOHFWHGSODWHOHWVDUHRUGHUHGGLUHFWOIURP1+67+GXULQJODERUDWRURSHUDWLQJKRXUVWR7KHODERUDWRUVWDIIFDQEHFRQWDFWHGGLUHFWODQGZLOO OLDLVHRQRXUEHKDOIZLWKWKHUHVSHFWLYH1+67+RVSLWDO6HUYLFHVDQG7UDQVSRUWGHSDUWPHQWVWRRUJDQLVHGHOLYHUHLWKHUGLUHFWOWRRXUKRVSLWDORUYLDRXUORFDOEORRGFHQWUH

2UGHULQJRI+$VHOHFWHGSODWHOHWV

5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ

KHQDQRUGHULVSODFHGIRUWKHILUVWWLPHIRUDSDWLHQWWKHIROORZLQJLQIRUPDWLRQLVUHTXLUHG

x 3DWLHQWVXUQDPHILUVWQDPHGDWHRIELUWKDQGKRVSLWDOQDPHLQIXOOx 1+6QXPEHUx $2DQGJURXSVx +$FODVVWSHLINQRZQx ampOLQLFDOGLDJQRVLVOHHGLQJJUDGHLINQRZQx amp09DQWLERGVWDWXVRISDWLHQWx 3HULRGRIH[SHFWHGWKURPERFWRSHQLDx ampRQWDFWSHUVRQDWKRVSLWDOWUDQVIXVLRQODERUDWRUx ampRQVXOWDQWRU6SHFLDOLVW5HJLVWUDUUHVSRQVLEOHx ampXUUHQWSODWHOHWVXSSRUWx 3DWLHQWZHLJKW

QFDVHRIDQDOORJHQHLFVWHPFHOOWUDQVSODQWWKHIROORZLQJLQIRUPDWLRQLVUHTXLUHGIRUWKHGRQRU

x amp09DQWLERGVWDWXVx +$FODVVWSHLINQRZQx $2DQGJURXSV

2UGHULQJRI+3$VHOHFWHGSODWHOHWV UHIUDFWRU DQGUHGFHOOVQRQUHIUDFWRU

5HIHUWKHVHFWLRQDQG KHQDQRUGHULVSODFHGIRUWKHILUVWWLPHIRUDSDWLHQWSOHDVHFRQWDFW WKH+ ODERUDWRUDW1+67)LOWRQ0RQGD )ULGDWR WRGLVFXVVWKHFDVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7KHIROORZLQJLQIRUPDWLRQLVUHTXLUHG

x 3DWLHQWVXUQDPHILUVWQDPHGDWHRIELUWKDQGKRVSLWDOQXPEHURUSDWLHQWDGGUHVVx 1+6QXPEHUx +RVSLWDOQDPHx $2DQGJURXSVx ampRQWDFWSHUVRQDWKRVSLWDOWUDQVIXVLRQODERUDWRUx ampRQVXOWDQWRUVSHFLDOLVWUHJLVWUDUUHVSRQVLEOHx ampOLQLFDOGLDJQRVLVx 5HGFHOOVSHFLILFDQWLERGLHVSUHVHQWx 7SHTXDQWLWRISURGXFWUHTXLUHGGDWHDQGWLPHQHHGHG

+3$WSHGSURGXFWV

3OHDVHQRWHWKDWWKH+$LQYHVWLJDWLRQPXVW EHFRPSOHWHGSULRUWRWKH+3$LQYHVWLJDWLRQ7KHIROORZLQJ+3$WSHGSURGXFWVDUHDYDLODEOH

x +3$DQHJDWLYHUHGFHOOVx +3$DDQG+3$EQHJDWLYHDSKHUHVLVSODWHOHWFRQFHQWUDWHVIRUQHRQDWHVQHRQDWDOGRVHx +3$DRU+3$EQHJDWLYHSODWHOHWKSHUFRQFHQWUDWHVIRUIRHWDOXVHIURPDFFUHGLWHG

GRQRUVx 5HGFHOOVRUSODWHOHWFRQFHQWUDWHVWSHGIRURWKHU+3$DQWLJHQV13

7KHVHPXVWEHRUGHUHGDWOHDVWGDVLQDGYDQFH137KHVHSURGXFWVPDQRWEHDYDLODEOHmicroRIIWKHVKHOIpara

+3$DDQGEQHJDWLYH WSHGSODWHOHWFRQFHQWUDWHVDQGUHGFHOOVDUHEDQNHGDWDOLPLWHGQXPEHURIEORRGFHQWUHV2UGHUVIRUWKHVHSURGXFWVDUHSURFHVVHGGXULQJZRUNLQJKRXUVIURPWKH+ODERUDWRUDW1+67)LOWRQXULQJ microRXWRIKRXUVparaFRQWDFWWKH+RVSLWDO6HUYLFHVGHSDUWPHQWDWRXUORFDOEORRGFHQWUH

+3$DQHJDWLYHUHGFHOO6$0FRQFHQWUDWHVDQG+3$DDQG+3$EQHJDWLYHDSKHUHVLVSODWHOHWFRQFHQWUDWHV QHRQDWDO GRVH RI D VWDQGDUG DGXOW GRVH DUH QRUPDOO DYDLODEOH microRII WKH VKHOIpara DWVHOHFWHGFHQWUHV$SKHUHVLVSODWHOHWFRQFHQWUDWHV RUUHGFHOOVQHJDWLYHIRURWKHU+3$ DQWLJHQVQHHGWREHRUGHUHGZHOOLQDGYDQFHLGHDOODWOHDVWZRUNLQJGDV 3OHDVHGLVFXVVZLWKWKH+ODERUDWRUDW1+67)LOWRQLIDGGLWLRQDO +3$WSLQJLVUHTXLUHG

+3$DQHJDWLYHSODWHOHWKSHUFRQFHQWUDWHVIRUXVHDUHSURYLGHGIURPVSHFLDOODFFUHGLWHGDSKHUHVLVGRQRUVZKR ODFNDQWLERGLHVDJDLQVW UHGFHOOV+$RU+3$DQGDUHamp09QHJDWLYH7KH ILUVW KSHUFRQFHQWUDWHQHHGVWREHREWDLQHGIURPDQ5KQHJDWLYHGRQRUEHIRUHWKHWSHRIIRHWXVLVGHWHUPLQHGKHQRUGHULQJKSHUFRQFHQWUDWHVSOHDVHFRQWDFWWKHODERUDWRULGHDOOZLWKDWOHDVWZRUNLQJGDVparaQRWLFH DVWKLVSURGXFWKDVDVKHOIOLIHRIKRXUVDQGLVQRWDVWRFNLWHP$UHTXHVWIRUPIRUWKHRUGHULQJRISODWHOHWKSHUFRQFHQWUDWHVLVDYDLODEOHIURPWKH+ODERUDWRU DW1+67)LOWRQ 7KHODERUDWRUPXVWEHLQIRUPHGRQSUH DQGSRVW WUDQVIXVLRQSODWHOHWFRXQWVWRHQVXUHWKHHIIHFWLYHQHVVRIWKHWUHDWPHQW

2XWRIKRXUV

5HIHUWRVHFWLRQ+SODWHOHWLPPXQRORJVHUYLFHVGRQRWSURYLGHDODERUDWRUmicroRXWRIKRXUVparaVHUYLFH+RZHYHU +3$DE WSHGSODWHOHWVFDQEH LVVXHG IURPVWRFNRQUHTXHVW5HTXHVWV IRU+3$VHOHFWHGQHRQDWDOSODWHOHWVDQG+3$VHOHFWHGUHGFHOOVVKRXOGEHGLVFXVVHGZLWKD1+67PHGLFDOFRQVXOWDQW3KRQH1+67+RVSLWDO6HUYLFHVDQGWKHFDQSXWRXLQ FRQWDFWZLWKWKHmicroRQFDOOparaPHGLFDOFRQVXOWDQW)RUIXUWKHUGHWDLOVSOHDVHUHIHUWRKWWSVKRVSLWDOEORRGFRXNGLDJQRVWLFVHUYLFHVKLVWRFRPSDWLELOLWDQGLPPXQRJHQHWLFVRUGHULQJKSD

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6

1+67VWDIIFDQEHFRQWDFWHGEWHOHSKRQHID[RUHPDLOHLWKHUGLUHFWOXVLQJWKHLUSHUVRQDOGHWDLOVRUWKURXJK WKH FHQWUH VZLWFKERDUGV SURYLGHG LQ 7DEOH ampRQWDFW GHWDLOV FDQ DOVR EH IRXQG RQ WHVWUHTXHVWIRUPVDQGSDWLHQWUHSRUWV

GLUHFWGLDOOLQJ$OOGHSDUWPHQWVDQGVHQLRUVWDIIFDQEHFRQWDFWHGXVLQJGLUHFWGLDOQXPEHUVLQWKLVJXLGH2XULQWHUQDOWHOHSKRQHVVWHPDOORZVH[WHUQDOFDOOVWREHWUDQVIHUUHGEHWZHHQGHSDUWPHQWV FHQWUHVDQGWRPRELOHSKRQHV

9LDVZLWFKERDUG$OWHUQDWLYHODOOFHQWUHVFDQEHFRQWDFWHGKRXUVSHUGDGDVDZHHNYLDWKHVZLWFKERDUGQXPEHUGXULQJRIILFHKRXUVDQGYLD1+67+RVSLWDOVHUYLFHVRXWVLGHRIILFHKRXUV

9LDPRELOHSKRQH0RELOHSKRQHVDUHXVHGEWKHPDMRULWRIPHGLFDOFOLQLFDOVFLHQWLVWFRQVXOWDQWVVHQLRUVFLHQWLILFDQGPDQDJHULDOVWDII([WHUQDOFDOOVWRDQRIWKHEORRGFHQWUHVLQWKHFRXQWUFDQEHGLUHFWOWUDQVIHUUHGWRDPRELOHSKRQH7KHVHFUHWDULDWV FDQDGYLVHRQKRZWRFRQWDFWDPHPEHURIVWDIIZKHQKHVKHLVQRWDWWKHLU EDVHFHQWUH

6HQGLQJDID[QOLQHZLWKWKHGLUHFWLYHIURPWKHHSDUWPHQWRI+HDOWKDQG6RFLDOampDUHZHGRQRWHQFRXUDJHWKHXVHRI ID[HV EXW D ID[ QXPEHU FDQ EH PDGH DYDLODEOH IRU EXVLQHVV FRQWLQXLW SXUSRVHV LI UHTXLUHG$OOFHQWUHVKDYHFHQWUDOID[IDFLOLWLHVWLVWKHUHIRUHLPSRUWDQWWKDWRXUID[LVODEHOOHGFOHDUOZLWKWKHQDPHRIWKHSHUVRQWRZKRRXZLVKWRVHQGLWDQGLIXUJHQWSOHDVHLQGLFDWHDFFRUGLQJO1HDUODOO +ODERUDWRULHVDQGDOO+RVSLWDO6HUYLFHVGHSDUWPHQWVKDYHWKHLURZQID[

9LDHPDLO$OO+VWDIIFDQEHFRQWDFWHGEHPDLOXVLQJWKHIROORZLQJDGGUHVVIRUPDWILUVWQDPHVXUQDPHQKVEWQKVXN $OWHUQDWLYHOSOHDVHXVH KLQDWLRQDOQKVEWQKVXN IRUJHQHULFHQTXLULHV

)RUVDIHWUHDVRQVDWWDFKPHQWVZLWKLQFRPLQJHPDLOVZLOOEHVFDQQHGDQGFDQEHSODFHGLQTXDUDQWLQH7KHVHQGHUDQGWKHDGGUHVVHHZLOOEHLQIRUPHGDXWRPDWLFDOOZKHQWKLVVDIHWPHFKDQLVPLVWULJJHUHG

1+67PDLQWDLQV VHYHUDOZHEVLWHVLQFOXGLQJKWWSZZZQKVEWQKVXN IRURUJDQLVDWLRQZLGHLQIRUPDWLRQZZZEORRGFRXN IRUEORRGGRQDWLRQLQIRUPDWLRQ DQGKWWSVKRVSLWDOEORRGFRXN IRUKHDOWKFDUHSURIHVVLRQDOVZKHUHLQIRUPDWLRQUHJDUGLQJDOODVSHFWVEORRGGRQDWLRQEORRGVWRFNOHYHOVDQGDOO RXUVHUYLFHVFDQEHIRXQG

ampXVWRPHU6HUYLFHV

I RX KDYH D TXHU UHJDUGLQJ WKH VHUYLFHV SURYLGHG E 1+67 RX FDQ DOVR FRQWDFW RQH RI RXUampXVWRPHU6HUYLFHV0DQDJHUV(DFKFHQWUHKDVDampXVWRPHU6HUYLFHV0DQDJHUZKRZRUNVFORVHOZLWKORFDOFRQVXOWDQWVDQGVFLHQWLVWV7KHampXVWRPHU6HUYLFHV0DQDJHUVDUHUHVSRQVLEOHIRUXQGHUVWDQGLQJWKHUHTXLUHPHQWVRIVHUYLFHXVHUVDQGDFWDVWKHFHQWUDOSRLQWIRUFRQWDFWVIRUWHFKQLFDORSHUDWLRQDODQGILQDQFLDOLVVXHV)RUFRQWDFWGHWDLOVUHIHUWRKWWSVKRVSLWDOEORRGFRXNFRQWDFWXV

+RZWRHQURODVDGRQRU

6KRXOGRXZLVKWRHQURODVDGRQRURUZDQWLQIRUPDWLRQRQEORRGRUSODWHOHWGRQDWLRQDQGGRQDWLRQVHVVLRQWLPHVSOHDVHFRQWDFW1+67QDWLRQDOGRQRUFDOOFHQWUHRQZKLFKLVRSHQKRXUVSHUGDGDVSHU ZHHNRUYLVLWRXUZHEVLWHZZZEORRGFRXN

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7DEOH++HDGVRIDERUDWRULHVFRQWDFWGHWDLOV

7LWOH 1DPH 6XUQDPH 5ROH RFDWLRQ5HJLRQDOFRGH

RFDOFRGH

)QHW

U $QGUHD +DUPHU 1DWLRQDO+HDGRI+ 6KHIILHOG HEUD 0DUSOHV 3$ 6KHIILHOG

3URI DYLG ULJJV +HDGRIDERUDWRU LUPLQJKDP $QLWD ampKDPEHUV 3$ LUPLQJKDP

U ampROLQ URZQ +HDGRIDERUDWRU ampROLQGDOH 8VKD 0LVWU 3$ ampROLQGDOH

U $QWKRQ 3ROHV +HDGRIDERUDWRU )LOWRQ 7XDULWD DZVRQ 3$ )LOWRQ

0U 7LP H +HDGRIDERUDWRU 6KHIILHOG ampODLUH 0F)DUODQH 3$ 6KHIILHOG

U $UDVK$NEDU]DGltRXVHIL +HDGRIDERUDWRU 1HZFDVWOH

$OLVRQ ampDPSEHOO 3$ 1HZFDVWOH U HERUDK 6DJH +HDGRIDERUDWRU 7RRWLQJ

-DFNLH DYLV 3$ 7RRWLQJ

7DEOHDERUDWRUFRQWDFWGHWDLOV

+VHUYLFH

ampHQWUH 5HJLRQDO RFDOFRGH DE )D[

+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7DEOH+$6HOHFWHG3ODWHOHWGHVNFRQWDFWGHWDLOV

+VHUYLFH ampHQWUH 7HOHSKRQH )D[(PDLO$GGUHVV

+$6HOHFWHG3ODWHOHWGHVN6287+ampROLQGDOH)LOWRQ7RRWLQJ

ampROLQGDOH

+$0DWFKHG3ODWHOHWVQKVEWQKV

XN

+6HOHFWHG3ODWHOHWGHVN1257+LUPLQJKDP1HZFDVWOH6KHIILHOG

6KHIILHOG

+$0DWFKHG3ODWHOHWV1RUWKQKV

EWQKVXN

1KVEW+$6HOHFWHG3ODWHOHWV1RUWK

QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7DEOHORRGampHQWUHGHWDLOV

ampHQWUH $GGUHVV 3RVWFRGH6ZLWFKERDUG +RVSLWDO6HUYLFHV

7HOHSKRQH )$ 7HOHSKRQH )$

LUPLQJKDP9LQFHQWULYH(GJEDVWRQLUPLQJKDP

6

DVLOGRQ 6+8

LOEHU+RXVH6ZLQERUQHURDGXUQW0LOOVQGXVWULDO(VWDWHDVLOGRQ

66(+

)LOWRQ

1RUWKULVWRO3DUN1RUWKZD)LOWRQULVWRO

64+

ampDPEULGJHRQJURDGampDPEULGJH

amp37

ampROLQGDOHampKDUFRW5RDGampROLQGDOHRQGRQ

1

DQFDVWHU$VKWRQ5RDGDQFDVWHU

$7

HHGVULGOH3DWKHHGV

67

LYHUSRRO(VWXDUDQNV6SHNHLYHUSRRO

5

0DQFKHVWHU3OPRXWKURYH0DQFKHVWHU

0

1HZFDVWOH

+ROODQGULYHDUUDFN5RDG1HZFDVWOHXSRQ7QH

1(14

2[IRUG

-RKQ5DGFOLIIH+RVSLWDO+HDGLQJWRQ2[IRUG

24

3OPRXWKHUULIRUG+RVSLWDOHUULIRUG5RDG3OPRXWK

3+

6KHIILHOGRQJOHDQH6KHIILHOG

6-1

6RXWKDPSWRQampR[IRUG5RDG6RXWKDPSWRQ

62$)

7RRWLQJ

ampUDQPHU7HUUDFH7RRWLQJRQGRQ

625

ROG WSHLQGLFDWHVFHQWUHVZLWK+ODERUDWRULHV

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06

ULWLVKampRPPLWWHHIRU6WDQGDUGVLQ+DHPDWRORJJXLGHOLQHVKWWSVEVKRUJXNJXLGHOLQHV

6D720LFURELRORJLFDO6DIHWXLGHOLQHVKWWSZZZGKJRYXNHQ3XEOLFDWLRQVDQGVWDWLVWLFV3XEOLFDWLRQV3XEOLFDWLRQV3ROLF$QGXLGDQFH+B

XLGHOLQHVIRUWKHORRG7UDQVIXVLRQ6HUYLFHVLQWKH8QLWHGLQJGRPWKHGLWLRQ7KH6WDWLRQHU2IILFHRQGRQ8KWWSZZZWUDQVIXVLRQJXLGHOLQHVRUJXNUHGERRN

XLGDQFHIURP7KH5RDOampROOHJHRI3DWKRORJLVWVDQGWKHQVWLWXWHRILRPHGLFDO6FLHQFHmicro7KHUHWHQWLRQDQGVWRUDJHRISDWKRORJLFDOUHFRUGVDQGDUFKLYHVparaWK HGLWLRQKWWSVZZZUFSDWKRUJXSORDGVDVVHWVHDGIFDIEDDEE7KHUHWHQWLRQDQGVWRUDJHRISDWKRORJLFDOUHFRUGVDQGVSHFLPHQVWKHGLWLRQSGI

+XPDQ7LVVXH$XWKRULWampRGHVRI3UDFWLFHKWWSVZZZKWDJRYXNKWDFRGHVSUDFWLFHDQGVWDQGDUGV

)$amp7-$amp(QWHUQDWLRQDO6WDQGDUGVIRU+HPDWRSRLHWLFampHOOXODU7KHUDS3URGXFWampROOHFWLRQ3URFHVVLQJDQG$GPLQLVWUDWLRQ 6HYHQWK(GLWLRQKWWSVZZZHEPWRUJVLWHVGHIDXOWILOHV)$amp7-$amp(WK(GLWLRQ6WDQGDUGVSGI

5HQDO$VVRFLDWLRQXLGHOLQHV$VVHVVPHQWRIWKH3RWHQWLDOLGQH7UDQVSODQW5HFLSLHQWWK HGLWLRQKWWSVEWVRUJXNZSFRQWHQWXSORDGVB5$BLGQH5HFLSLHQWSGI

6L[WK(GLWLRQ1HWampRUG )$amp7QWHUQDWLRQDO6WDQGDUGVIRUampRUGORRGampROOHFWLRQ3URFHVVLQJ7HVWLQJDQNLQJ6HOHFWLRQDQG5HOHDVH IRU$GPLQLVWUDWLRQKWWSZZZIDFWZHERUJIRUPVVWRUH3URGXFW)RUP3XEOLFVL[WKHGLWLRQQHWFRUGIDFWLQWHUQDWLRQDOVWDQGDUGVIRUFRUGEORRGFROOHFWLRQEDQNLQJDQGUHOHDVHIRUDGPLQLVWUDWLRQIUHHGRZQORDG

()6WDQGDUGVIRU+LVWRFRPSDWLELOLW7HVWLQJ9HUVLRQ-DQXDU KWWSVZZZHILZHERUJHILFRPPLWWHHVVWDQGDUGVFRPPLWWHHKWPO


$OOOLQNVYHULILHG)HEUXDU

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7DEOH$FURQPV$L7 $QWLERGLQFRPSDWLEOH7UDQVSODQWDWLRQ$1 $XWRLPPXQH1HXWURSHQLD$73 $XWRLPPXQH7KURPERFWRSHQLD$ $FXWHXQJQMXU$1 $XWRLPPXQH1HXWURSHQLDRIQIDQF$56 $FXWH5HVSLUDWRULVWUHVV6QGURPH$75 $FXWH7UDQVIXVLRQ5HDFWLRQ05 ULWLVKRQH0DUURZ5HJLVWU66 HUQDUG6RXOLHU6QGURPHamp7 ampROGVFKHPLD7LPHamp09 ampWRPHJDORYLUXVamp3$ ampOLQLFDO3DWKRORJ$FFUHGLWDWLRQ73 UXJHSHQGHQWPPXQH7KURPERFWRSHQLD+ HSDUWPHQWRI+HDOWK6$ RQRU6SHFLILF$QWLERGLHV() (XURSHDQ)HGHUDWLRQRIPPXQRJHQHWLFV)amp0 )ORZampWRPHWULFampURVVPDWFK))3 )UHVK)UR]HQ3ODVPDamp7 UDQXORFWHampKHPLOXPLQHVFHQFH7HVW UDQXORFWHPPXQRORJ)7 UDQXORFWHPPXQRIOXRUHVFHQFH7HVW3 RRGDERUDWRU3UDFWLFH03 RRG0DQXIDFWXULQJ3UDFWLFH7 ODQ]PDQQpara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ampRPPLWWHHRQWKH6DIHWRIORRG7LVVXHVDQG2UJDQV6+27 6HULRXV+D]DUGVRI7UDQVIXVLRQ623 6WDQGDUG2SHUDWLQJ3URFHGXUH6623 6HTXHQFH6SHFLILF2OLJRQXFOHRWLGH 3URELQJ663 6HTXHQFH6SHFLILF3ULPLQJ675 6KRUW7DQGHP5HSHDW7$9+ 7UDQVIXVLRQ$VVRFLDWHGUDIW9HUVXV+RVWLVHDVH75$ 7UDQVIXVLRQ5HODWHG$FXWHXQJQMXU8$6 8QLWHGLQJGRP$FFUHGLWDWLRQ6HUYLFH81(4$6 8QLWHGLQJGRP1DWLRQDO([WHUQDO4XDOLW$VVXUDQFH6FKHPH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampRQWHQWV

amp217(176 672))85(6 672)7$(6 amp+$37(5(1(5$1)250$721 7+68( 48$7lt67$7(0(17 amp2030(176$1amp203$176 amp+$37(5+$25$725(6$10$1$(0(17 2872)+2856 6225$175$163$173525$00(6 2872)+285625(512)+$6((amp7(3$7((76 amp+$37(56$03(5(485(0(1765(32571 6$03(5(485(0(176 5(48(67)2506 6$03(amp2(amp721$1$(1 (lt)$amp72567+$70$lt$))(amp77(671 $ampamp(37$1amp(076)256$03($( 70(076)255(48(671$721$($01$7216 9280($17lt3(62)6$03( 7lt3(2)5(48(67 amp216(17 3$amp$1$175$163257 6(1163(amp0(16lt 32671+6775$163257 +(5(726(16$03(6 85(176$03(6 5(3257170( amp20387(55(amp256$1 5(32576 amp20387(55(amp256 5(32571 $172ltamp$56 amp+$37(5+6(59amp(6 +6(59amp(65($717275$16)862175$16)86215($amp7216 3$7((75()5$amp7251(66$17+(35296212)+$+3$6((amp7(3$7((76 amp091($79(6((amp7(3528amp76 $200816$721$$1673$7((76 3$7((75()5$amp7251(66 +(1725(48(67+$amp$666((amp7(3$7((76 1amp5(0(1767++$amp$666((amp7(3$7((76 +$+3$6((amp7(3$7((76 25(51+$+3$6((amp7(3$7((76 1(5(48(676)25+$ 6((amp7(3$7((76 6(5286 +$=$562)75$16)86216+27 5(32571$9(56(5($amp72167275$16)86216 75$16)8621$662amp$7(5$)79(5686+267 6($6(7$9+ 19(67$7216 75$16)86215($7($amp87(811-85lt75$ 19(67$7216 )8785(75$16)86216 6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75 121+$(02lt7amp)(5($1$(5amp75$16)86215($amp72167+$1008122amp$amp$86( 3$7((7008122lt3 1(21$7$$20081(7+5202amplt723(1$1$7

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



LVWRI)LJXUHV


LVWRI7DEOHV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5(1(5$1)250$721

7+68(



48$7lt67$7(0(17






amp2030(176DQGamp203$176



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




amp+$37(5+$25$725(6$10$1$(0(17






U$QGUHD+DUPHU


UampROLQURZQ

+HDGRIDERUDWRU

ampROLQGDOH

+

UHERUDK6DJH

+HDGRIDERUDWRU

7RRWLQJ

+

3URIDYLGULJJV

+HDGRIDERUDWRU

+

U$QWKRQ3ROHV

+HDGRIDERUDWRU

)LOWRQ

+

7LPH

+HDGRIDERUDWRU

6KHIILHOG

+



+

0DQDJHPHQW

URXS

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




13




2872)+2856










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







UHTXLUHPHQWV

amp+$37(56$03(5(485(0(1765(32571

6$03(5(485(0(176


5(48(67)2506


7DEOH5HTXHVWIRUPV




6$03(amp2(amp721$1$(1



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



(lt)$amp72567+$70$lt$))(amp77(671






$QWLFRDJXODQW





$ampamp(37$1amp(076)25 6$03($(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVW 6DPSOHDJH









70(076)255(48(671$721$($01$7216


9280($17lt3(62)6$03(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



LVWRI)LJXUHV


LVWRI7DEOHV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5(1(5$1)250$721

7+68(



48$7lt67$7(0(17






amp2030(176DQGamp203$176



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




amp+$37(5+$25$725(6$10$1$(0(17






U$QGUHD+DUPHU


UampROLQURZQ

+HDGRIDERUDWRU

ampROLQGDOH

+

UHERUDK6DJH

+HDGRIDERUDWRU

7RRWLQJ

+

3URIDYLGULJJV

+HDGRIDERUDWRU

+

U$QWKRQ3ROHV

+HDGRIDERUDWRU

)LOWRQ

+

7LPH

+HDGRIDERUDWRU

6KHIILHOG

+



+

0DQDJHPHQW

URXS

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




13




2872)+2856










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







UHTXLUHPHQWV

amp+$37(56$03(5(485(0(1765(32571

6$03(5(485(0(176


5(48(67)2506


7DEOH5HTXHVWIRUPV




6$03(amp2(amp721$1$(1



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



(lt)$amp72567+$70$lt$))(amp77(671






$QWLFRDJXODQW





$ampamp(37$1amp(076)25 6$03($(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVW 6DPSOHDJH









70(076)255(48(671$721$($01$7216


9280($17lt3(62)6$03(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



LVWRI)LJXUHV


LVWRI7DEOHV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5(1(5$1)250$721

7+68(



48$7lt67$7(0(17






amp2030(176DQGamp203$176



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




amp+$37(5+$25$725(6$10$1$(0(17






U$QGUHD+DUPHU


UampROLQURZQ

+HDGRIDERUDWRU

ampROLQGDOH

+

UHERUDK6DJH

+HDGRIDERUDWRU

7RRWLQJ

+

3URIDYLGULJJV

+HDGRIDERUDWRU

+

U$QWKRQ3ROHV

+HDGRIDERUDWRU

)LOWRQ

+

7LPH

+HDGRIDERUDWRU

6KHIILHOG

+



+

0DQDJHPHQW

URXS

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




13




2872)+2856










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







UHTXLUHPHQWV

amp+$37(56$03(5(485(0(1765(32571

6$03(5(485(0(176


5(48(67)2506


7DEOH5HTXHVWIRUPV




6$03(amp2(amp721$1$(1



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



(lt)$amp72567+$70$lt$))(amp77(671






$QWLFRDJXODQW





$ampamp(37$1amp(076)25 6$03($(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVW 6DPSOHDJH









70(076)255(48(671$721$($01$7216


9280($17lt3(62)6$03(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5(1(5$1)250$721

7+68(



48$7lt67$7(0(17






amp2030(176DQGamp203$176



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




amp+$37(5+$25$725(6$10$1$(0(17






U$QGUHD+DUPHU


UampROLQURZQ

+HDGRIDERUDWRU

ampROLQGDOH

+

UHERUDK6DJH

+HDGRIDERUDWRU

7RRWLQJ

+

3URIDYLGULJJV

+HDGRIDERUDWRU

+

U$QWKRQ3ROHV

+HDGRIDERUDWRU

)LOWRQ

+

7LPH

+HDGRIDERUDWRU

6KHIILHOG

+



+

0DQDJHPHQW

URXS

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




13




2872)+2856










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







UHTXLUHPHQWV

amp+$37(56$03(5(485(0(1765(32571

6$03(5(485(0(176


5(48(67)2506


7DEOH5HTXHVWIRUPV




6$03(amp2(amp721$1$(1



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



(lt)$amp72567+$70$lt$))(amp77(671






$QWLFRDJXODQW





$ampamp(37$1amp(076)25 6$03($(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVW 6DPSOHDJH









70(076)255(48(671$721$($01$7216


9280($17lt3(62)6$03(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5(1(5$1)250$721

7+68(



48$7lt67$7(0(17






amp2030(176DQGamp203$176



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




amp+$37(5+$25$725(6$10$1$(0(17






U$QGUHD+DUPHU


UampROLQURZQ

+HDGRIDERUDWRU

ampROLQGDOH

+

UHERUDK6DJH

+HDGRIDERUDWRU

7RRWLQJ

+

3URIDYLGULJJV

+HDGRIDERUDWRU

+

U$QWKRQ3ROHV

+HDGRIDERUDWRU

)LOWRQ

+

7LPH

+HDGRIDERUDWRU

6KHIILHOG

+



+

0DQDJHPHQW

URXS

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




13




2872)+2856










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







UHTXLUHPHQWV

amp+$37(56$03(5(485(0(1765(32571

6$03(5(485(0(176


5(48(67)2506


7DEOH5HTXHVWIRUPV




6$03(amp2(amp721$1$(1



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



(lt)$amp72567+$70$lt$))(amp77(671






$QWLFRDJXODQW





$ampamp(37$1amp(076)25 6$03($(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVW 6DPSOHDJH









70(076)255(48(671$721$($01$7216


9280($17lt3(62)6$03(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




amp+$37(5+$25$725(6$10$1$(0(17






U$QGUHD+DUPHU


UampROLQURZQ

+HDGRIDERUDWRU

ampROLQGDOH

+

UHERUDK6DJH

+HDGRIDERUDWRU

7RRWLQJ

+

3URIDYLGULJJV

+HDGRIDERUDWRU

+

U$QWKRQ3ROHV

+HDGRIDERUDWRU

)LOWRQ

+

7LPH

+HDGRIDERUDWRU

6KHIILHOG

+



+

0DQDJHPHQW

URXS

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




13




2872)+2856










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







UHTXLUHPHQWV

amp+$37(56$03(5(485(0(1765(32571

6$03(5(485(0(176


5(48(67)2506


7DEOH5HTXHVWIRUPV




6$03(amp2(amp721$1$(1



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



(lt)$amp72567+$70$lt$))(amp77(671






$QWLFRDJXODQW





$ampamp(37$1amp(076)25 6$03($(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVW 6DPSOHDJH









70(076)255(48(671$721$($01$7216


9280($17lt3(62)6$03(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




13




2872)+2856










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







UHTXLUHPHQWV

amp+$37(56$03(5(485(0(1765(32571

6$03(5(485(0(176


5(48(67)2506


7DEOH5HTXHVWIRUPV




6$03(amp2(amp721$1$(1



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



(lt)$amp72567+$70$lt$))(amp77(671






$QWLFRDJXODQW





$ampamp(37$1amp(076)25 6$03($(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVW 6DPSOHDJH









70(076)255(48(671$721$($01$7216


9280($17lt3(62)6$03(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







UHTXLUHPHQWV

amp+$37(56$03(5(485(0(1765(32571

6$03(5(485(0(176


5(48(67)2506


7DEOH5HTXHVWIRUPV




6$03(amp2(amp721$1$(1



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



(lt)$amp72567+$70$lt$))(amp77(671






$QWLFRDJXODQW





$ampamp(37$1amp(076)25 6$03($(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVW 6DPSOHDJH









70(076)255(48(671$721$($01$7216


9280($17lt3(62)6$03(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



(lt)$amp72567+$70$lt$))(amp77(671






$QWLFRDJXODQW





$ampamp(37$1amp(076)25 6$03($(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVW 6DPSOHDJH









70(076)255(48(671$721$($01$7216


9280($17lt3(62)6$03(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



(lt)$amp72567+$70$lt$))(amp77(671






$QWLFRDJXODQW





$ampamp(37$1amp(076)25 6$03($(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVW 6DPSOHDJH









70(076)255(48(671$721$($01$7216


9280($17lt3(62)6$03(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVW 6DPSOHDJH









70(076)255(48(671$721$($01$7216


9280($17lt3(62)6$03(


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




PO(7$DQGPOFORW




)LOWRQ









)LOWRQ








PO(7$

RFDO+ODERUDWRU









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7lt3(2)5(48(67


amp216(17










1)


1))LOWRQ


1)


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


3$amp$1$175$163257


0DQGDWRUUHJXODWLRQV


ampDWHJRU$


ampDWHJRU













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





+(5(726(16$03(6




8UJHQWVDPSOHV


5(3257170(







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ







+$WSH ZRUNLQJGDV


3ODWHOHWPPXQRORJ3







amp20387(55(amp256$15(32576

ampRPSXWHUUHFRUGV


5HSRUWLQJ




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLERGFDUGV


amp+$37(5+6(59amp(6






+6(59amp(65($717275$16)862175$16)86215($amp7216


3$7((75()5$amp7251(66$17+(35296212)+$ +3$6((amp7(3$7((76


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





7HVW IRU +$VSHFLILF

DQWLERGLHV



SODWHOHWV

1HJDWLYH






UHJXODU LQWHUYDOV


SRVVLEOH



3RVLWLYH 1HJDWLYH


$EVHQW 3UHVHQW








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ













1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(5286+$=$562)75$16)86216+27










$75

75$16)8621$662amp$7(5$)79(5686+2676($6(7$9+


QYHVWLJDWLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



75$16)86215($7($amp87(811-85lt75$


QYHVWLJDWLRQV






)XWXUHWUDQVIXVLRQV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



6(9(5(121+$(02lt7amp)(5(75$16)86215($amp72161+)75





3$7((7008122lt3






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQVIRU1$7


7KHUDS






326775$16)8621385385$373



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV


7KHUDS


7UDQVIXVLRQVXSSRUW










1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ
















1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



3UREDELOLWRI+7VFRUH












1RQH








2WKHUGUXJV


7+520$67+(1$



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




QYHVWLJDWLRQV




5$182amplt7(008122lt






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



QYHVWLJDWLRQV




QYHVWLJDWLRQV






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





QYHVWLJDWLRQV




+$(0$7232(7amp67(0amp(75$163$17$721






1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


6225$175$163$17$721


+$WSLQJ IRU627[








1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



ampURVVPDWFKLQJ









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



7HVWV

$2$L7


+$$L7



)UHTXHQFRIWHVWLQJ


$GGLWLRQDO6HUYLFHV




1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






2XWRIKRXUV


00812(1(7amp6 +$7lt31)256($6($662amp$721$158+lt3(56(16797lt





1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ











1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




$QWLUHWURYLUDO +$13


7UHDWPHQWRIRXW +$13







+$44413+$7131313





+$13

)HQRILEUDWHLQGXFHG


+$$13



)OXSLUWLQHLQGXFHG

1RQRSLRLGDQDOJHVLF

+$513413KDSORWSH




DSDWLQLELQGXFHG


+$5134$13







7LFORSLGLQHLQGXFHG


+$$13+$$13-DSDQHVH

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


7HUELQDILQHLQGXFHG

$QWLIXQJDO +$$13



+$13ampKLQHVH


7KURPERHPEROLVP

+$5134$13




amp+$37(57(amp+148(686(11+67+$25$725(6









1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


ampURVVPDWFKLQJ












7SLQJIRU+1$


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(525(5163(amp$673528amp76






5HIHUWRVHFWLRQV DQG

2UGHUQRWLFHWLPH

5HIHUWRVHFWLRQ







1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




+3$WSHGSURGXFWV








2XWRIKRXUV


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(5amp20081amp$717+1+67amp(175(6









ampXVWRPHU6HUYLFHV


+RZWRHQURODVDGRQRU


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ




RFDOFRGH

)QHW










+VHUYLFH


+ LUPLQJKDP

+3 )LOWRQ

+ ampROLQGDOH

+ 1HZFDVWOH

+ 6KHIILHOG

+ 7RRWLQJ

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ





ampROLQGDOH


XN


6KHIILHOG


EWQKVXN


QKVQHW

1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ






6

DVLOGRQ 6+8


66(+

)LOWRQ


64+


amp37


1


$7

HHGVULGOH3DWKHHGV

67


5


0

1HZFDVWOH


1(14

2[IRUG


24


3+


6-1


62$)

7RRWLQJ


625


1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ


amp+$37(567$1$568(1(6$amp521lt06












1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



1)250$7212amp80(171) (IIHFWLYH


7HPSODWH9HUVLRQ



86(5 *8,'( - microsoft€¦ · ,1)250$7,21 '2&80(17 ,1) (iihfwlyh 8vhu *xlgh iru...

Documents

86(5 8,'( - microsoft€¦ · ,1)250$7,21 '2&80(17 ,1) (iihfwlyh 8vhu xlgh iru...