# OMNI OIL 6

- EPA Reg No: **5905-598**
- Registrant: HELENA AGRI-ENTERPRISES, LLC, D/B/A HELENA CHEMICAL COMP
- Signal word: Caution
- Active ingredients: Mineral oil - includes paraffin oil from 063503 (98%)
- Label accepted: 2022-09-28
- Source PDF: https://www3.epa.gov/pesticides/chem_search/ppls/005905-00598-20220928.pdf

---
UNITED STATES ENVIRONMENTAL PROTECTION AGENCY 
 WASHINGTON, DC 20460 
 
 
 
OFFICE OF CHEMICAL SAFETY 
AND POLLUTION PREVENTION 
 
September 28, 2022 
 
Bill Washburn 
Registration Manager 
Helena Agri-Enterprises, LLC 
225 Schilling Blvd., Suite 300 
Collierville, TN 38017 
 
Subject: Registration Review Label Mitigation for Aliphatic Solvents 
 Product Name: OMNI OIL 6 
 EPA Registration Number: 5905-598 
 Application Date: 5/18/2020 
Decision Number: 563022 
 
Dear Bill Washburn: 
 
The Agency, in accordance with the Federal Insecticide, Fungicide and Rodenticide Act 
(FIFRA), as amended, has completed reviewing all the information submitted with your 
application to support the Registration Review of the above referenced product in connection 
with the Aliphatic Solvents Interim Decision, and has concluded that your submission is 
acceptable. The label referred to above, submitted in connection with registration under FIFRA, 
as amended, is acceptable. 
 
Should you wish to add/retain a reference to the company’s website on your label, then please be 
aware that the website becomes labeling under the Federal Insecticide Fungicide and Rodenticide 
Act and is subject to review by the Agency. If the website is false or misleading, the product 
would be misbranded and unlawful to sell or distribute under FIFRA section 12(a)(1)(E). 40 
CFR 156.10(a)(5) list examples of statements EPA may consider false or misleading. In addition, 
regardless of whether a website is referenced on your product’s label, claims made on the 
website may not substantially differ from those claims approved through the registration process. 
Therefore, should the Agency find or if it is brought to our attention that a website contains false 
or misleading statements or claims substantially differing from the EPA approved registration, 
the website will be referred to the EPA’s Office of Enforcement and Compliance. 
 
A stamped copy of your labeling is enclosed for your records. This labeling supersedes 
all previously accepted labeling. You must submit one copy of the final printed labeling 
before you release the product for shipment with the new labeling. In accordance with 40 
CFR 152.130(c), you may distribute or sell this product under the previously approved 
labeling for 12 months from the date of this letter. After 12 months, you may only 
distribute or sell this product if it bears this new revised labeling or subsequently 
approved labeling. “To distribute or sell” is defined under FIFRA section 2(gg) and its 
implementing regulation at 40 CFR 152.3.

Page 2 of 2 
EPA Reg. No. 5905-598 
Decision No. 563022 
 
 
If you have any questions about this letter, please contact Quinn Gavin by phone at 202-566-
2284, or via email at gavin.quinn@epa.gov. 
 
 Sincerely, 
 
 
 Linda Arrington, Branch Chief 
 Risk Management and Implementation Branch 4 
 Pesticide Re-Evaluation Division 
 Office of Pesticide Programs 
 
Enclosure: Stamped label

)LOHQDPH2PQL2LO&/1GRF 
201,2,/
,16(&7,&,'(0,7,&,'(/,48,'
$1$552:5$1*(683(5,25635$<2,/
$ & 7 , 9 (  , 1 * 5 ( ' , ( 1 7 
 0 L Q H U D O  2 L O 
 « « « « « « «
2 7 + ( 5  , 1 * 5 ( ' , ( 1 7 6 ««
 7 2 7 $ / «««««
6 X S H U L R U  3 H W U R O H X P  2 L O  0 L Q L P X P  8 Q V X O IRQDWHG5HVLGXH

 & R Q W D L Q V  S H W U R O H X P  G L V W L O O D W H V  

127(7+,6352'8&7,6127,17(1'(')25*5((1+286(86(
.((32872)5($&+2)&+,/'5(1
&$87,21
6HHLQVLGH3DQHOIRU$GGLWLRQDO3UHFDXWLRQDU\6WDWHPHQWV
),567$,'
,)216.,1
25
&/27+,1*
x 7DNHRIIFRQWDPLQDWHGFORWKLQJ
x 5LQVHVNLQLPPHGLDWHO\ZLWKSOHQW\RIZDWHUIRUPLQXWHV
x &DOODSRLVRQFRQWUROFHQWHURUGRFWRUIRUWUHDWPHQWDGYLFH
,)
6:$//2:('
x &DOODSRLVRQFRQWUROFHQWHURUGRFWRULPPHGLDWHO\IRUWUHDWPHQWDGYLFH
x 'RQRWLQGXFHYRPLWLQJXQOHVVWROGWRGRVRE\WKHSRLVRQFRQWUROFHQWHURUGRFWRU
x 'RQRWJLYHDQ\OLTXLGWRDSHUVRQ
x 'RQRWJLYHDQ\WKLQJE\PRXWKWRDQXQFRQVFLRXVRUFRQYXOVLQJSHUVRQ
,),1+$/('x 0RYHSHUVRQWRIUHVKDLU
x ,ISHUVRQLVQRWEUHDWKLQJFDOORUDQDPEXODQFHWKHQJLYHDUWLILFLDOUHVSLUDWLRQSUHIHUDEO\
E\PRXWKWRPRXWKLISRVVLEOH
x &DOODSRLVRQFRQWUROFHQWHURUGRFWRUIRUIXUWKHUWUHDWPHQWDGYLFH
,),1(<(6x +ROGH\HRSHQDQGULQVHVORZO\DQGJHQWO\ZLWKZDWHU IRUPLQXWHV
x 5HPRYHFRQWDFWOHQVHVLISUHVHQWDIWHUWKHILUVWPLQXWHVWKHQFRQWLQXHULQVLQJH\H
x &DOODSRLVRQFRQWUROFHQWHURUGRFWRUIRUWUHDWPHQWDGYLFH
+DYHWKHSURGXFWFRQWDLQHUZLWK\RXZKHQFDOOLQJDSRLVRQFRQWUROFHQWHURUGRFWRURUZKHQJRLQJIRUWUHDWPHQW<RXDOVR
PD\FDOO&KHPWUHFDW
IRUHPHUJHQF\PHGLFDOWUHDWPHQWLQIRUPDWLRQ
127(723+<6,&,$17KLVSURGXFWFRQWDLQVSHWUROHXPGLVWLOODWHVDQGPD\SRVHDQDVSLUDWLRQSQHXPRQLDKD]DUG'R
QRWLQGXFHYRPLWLQJ
( 3 $  5 H J   1 R              $ '        
( 3 $  ( 6 7   1 2    1 ( 7  & 2 1 7 ( 1 7 6    


0$18)$&785(')25
+ ( / ( 1 $  $ * 5 ,  ( 1 7 ( 5 3 5 , 6 ( 6   / / &  
6&+,//,1*%28/(9$5'68,7(
&2//,(59,//(7(11(66((
Sep 28, 2022
5905-598


)LOHQDPH2PQL2LO&/1GRF



35(&$87,21$5<67$7(0(176
+$=$5'672+80$16 '20(67,&$1,0$/6
&$87,21
$YRLGFRQWDFWZLWKVNLQRUFORWKLQJ:DVKWKRURXJKO\ZLWKVRDSDQGZDWHUDIWHUKDQGOLQJDQGEHIRUHHDWLQJGULQNLQJ
FKHZLQJJXPXVLQJWREDFFRRUXVLQJWKHWRLOHW:HDUORQJVOHHYHGVKLUWDQGORQJSDQWVVRFNVVKRHVDQGFKHPLFDO
UHVLVWDQWJORYHV3URORQJHGRUIUHTXHQWO\UHSHDWHGVNLQFRQWDFWPD\FDXVHDOOHUJLFUHDFWLRQVLQVRPHLQGLYLGXDOV

3(5621$/3527(&7,9((48,30(1733(

+DQGOHUVPXVWZHDU
x ORQJVOHHYHVKLUWORQJSDQWVDQG
x VKRHVSOXVVRFNV

6HH(1*,1((5,1*&21752/6IRUDGGLWLRQDOUHTXLUHPHQWV

)ROORZPDQXIDFWXUHU
VLQVWUXFWLRQVIRUFOHDQLQJPDLQWDLQLQJ33(,IQRVXFKLQVWUXFWLRQVIRUZDVKDEOHVH[LVWXVH
GHWHUJHQWDQGKRWZDWHU.HHSDQGZDVK33(VHSDUDWHO\IURPRWKHUODXQGU\

'LVFDUGFORWKLQJDQGRWKHUDEVRUEHQWPDWHULDOWKDWKDYHEHHQGUHQFKHGRUKHDYLO\FRQWDPLQDWHGZLWKWKHSURGXFW¶V
FRQFHQWUDWH'RQRWUHXVHWKHP

:KHQKDQGOHUVXVHFORVHGV\VWHPVHQFORVHGFDEVRUDLUFUDIWLQDPDQQHUWKDWPHHWVWKHUHTXLUHPHQWVOLVWHGLQWKH
:RUNHU3URWHFWLRQ6WDQGDUG:36IRUDJULFXOWXUDOSHVWLFLGHV>&)5G@WKHKDQGOHU33(UHTXLUHPHQWV
PD\EHUHGXFHGRUPRGLILHGDVVSHFLILHGLQWKH:36

86(56$)(7<5(&200(1'$7,216
x 8VHUVVKRXOGZDVKKDQGVEHIRUHHDWLQJGULQNLQJFKHZLQJJXPXVLQJWREDFFRRUXVLQJWKHWRLOHW
x 8VHUVVKRXOGUHPRYHFORWKLQJ33(LPPHGLDWHO\LISHVWLFLGHJHWVLQVLGH7KHQZDVKWKRURXJKO\DQGSXWRQFOHDQ
FORWKLQJ
x 8VHUVVKRXOGUHPRYH33(LPPHGLDWHO\DIWHUKDQGOLQJWKLVSURGXFW:DVKWKHRXWVLGHRIJORYHVEHIRUHUHPRYLQJ
$VVRRQDVSRVVLEOHZDVKWKRURXJKO\DQGFKDQJHLQWRFOHDQFORWKLQJ

(1*,1((5,1*&21752/6
3LORWVPXVWXVHDQHQFORVHGFRFNSLWWKDWPHHWVWKHUHTXLUHPHQWVOLVWHGLQWKH:36IRUDJULFXOWXUDOSHVWLFLGHV>&)5
G@

(19,5210(17$/+$=$5'6
7KLVSURGXFWLVWR[LFWRDTXDWLFLQYHUWHEUDWHV'RQRWDSSO\GLUHFWO\WRZDWHURUWRDUHDVZKHUHVXUIDFHZDWHULVSUHVHQWRU
WRLQWHUWLGDODUHDVEHORZWKHPHDQKLJKZDWHUPDUN'RQRWFRQWDPLQDWHZDWHUZKHQGLVSRVLQJRIHTXLSPHQWZDVKZDWHURU
ULQVDWH'ULIWDQGUXQRIIPD\EHKD]DUGRXVWRDTXDWLFRUJDQLVPVLQZDWHUDGMDFHQWWRWUHDWHGDUHDV$YRLGGULIWRUUXQRII
LQWRVWRUPGUDLQVGUDLQDJHGLWFKHVRUVXUIDFHZDWHUV$SSO\LQJWKLVSURGXFWLQFDOPZHDWKHUZKHQUDLQLVQRWSUHGLFWHG
IRUWKHQH[WKRXUVZLOOKHOSWRPD[LPL]HWKHFKDQFHVWKDWZLQGRUUDLQZLOOQRWEORZRUZDVKSHVWLFLGHRIIWKHWUHDWPHQW
DUHD5LQVLQJDSSOLFDWLRQHTXLSPHQWRYHUWKHWUHDWHGDUHDZLOOKHOSDYRLGUXQRIIWRZDWHUERGLHVRUGUDLQDJHV\VWHPV

3+<6,&$/25&+(0,&$/+$=$5'6
'RQRWXVHSRXUVSLOORUVWRUHQHDUKHDWRURSHQIODPH

&+(0,*$7,21352+,%,7,21
'RQRWDSSO\WKLVSURGXFWWKURXJKDQ\W\SHRILUULJDWLRQV\VWHP

',5(&7,216)2586(
,WLVDYLRODWLRQRI)HGHUDO/DZWRXVHWKLVSURGXFWLQDPDQQHULQFRQVLVWHQWZLWKLWVODEHOLQJ

'RQRWDSSO\WKLVSURGXFWLQDZD\WKDWZLOOFRQWDFWZRUNHUVRURWKHUSHUVRQVHLWKHUGLUHFWO\RUWKURXJKGULIW2QO\SURWHFWHG
KDQGOHUVPD\EHLQWKHDUHDGXULQJDSSOLFDWLRQ)RUDQ\UHTXLUHPHQWVVSHFLILFWR\RXU6WDWHRU7ULEHFRQVXOWWKHDJHQF\
UHVSRQVLEOHIRUSHVWLFLGHUHJXODWLRQ




)LOHQDPH2PQL2LO&/1GRF



$*5,&8/785$/86(5(48,5(0(176
8VHWKLVSURGXFWRQO\LQDFFRUGDQFHZLWKLWVODEHOLQJDQGZLWKWKH:RUNHU3URWHFWLRQ6WDQGDUG&)5SDUW7KLV
6WDQGDUGFRQWDLQVUHTXLUHPHQWVIRUWKHSURWHFWLRQRIDJULFXOWXUDOZRUNHUVRQIDUPVIRUHVWVQXUVHULHVDQGJUHHQKRXVHV
DQGKDQGOHUVRIDJULFXOWXUDOSHVWLFLGHV,WFRQWDLQVUHTXLUHPHQWVIRUWUDLQLQJGHFRQWDPLQDWLRQQRWLILFDWLRQDQGHPHUJHQF\
DVVLVWDQFH,WDOVRFRQWDLQVVSHFLILFLQVWUXFWLRQVDQGH[FHSWLRQVSHUWDLQLQJWRWKHVWDWHPHQWVRQWKLVODEHODERXWSHUVRQDO
SURWHFWLYHHTXLSPHQW33(DQGUHVWULFWHGHQWU\LQWHUYDO7KHUHTXLUHPHQWVLQWKLVER[RQO\DSSO\WRXVHVRIWKLVSURGXFW
WKDWDUHFRYHUHGE\WKH:RUNHU3URWHFWLRQ6WDQGDUG

'RQRWHQWHURUDOORZZRUNHUHQWU\LQWRWUHDWHGDUHDVGXULQJWKHUHVWULFWHGHQWU\LQWHUYDO5(,RIKRXUV

33(UHTXLUHGIRUHDUO\HQWU\WRWUHDWHGDUHDVWKDWLVSHUPLWWHGXQGHUWKH:RUNHU3URWHFWLRQ6WDQGDUGDQGWKDWLQYROYHV
FRQWDFWZLWKDQ\WKLQJWKDWKDVEHHQWUHDWHGVXFKDVVRLORUZDWHULV
‡ &RYHUDOOV
‡ 6KRHVSOXVVRFNVDQG
‡ &KHPLFDOUHVLVWDQWJORYHVPDGHRIDQ\ZDWHUSURRIPDWHULDO


635$<'5,)7$'9,625,(6
7+($33/,&$725,65(63216,%/()25$92,',1*2))6,7(635$<'5,)7%($:$5(2)1($5%<121
7$5*(76,7(6$1'(19,5210(17$/&21',7,216

,03257$1&(2)'523/(76,=(
$QHIIHFWLYHZD\WRUHGXFHVSUD\GULIWLVWRDSSO\ODUJHGURSOHWV8VHWKHODUJHVWGURSOHWVWKDWSURYLGHWDUJHWSHVWFRQWURO
:KLOHDSSO\LQJODUJHUGURSOHWVZLOOUHGXFHVSUD\GULIWWKHSRWHQWLDOIRUGULIWZLOOEHJUHDWHULIDSSOLFDWLRQVDUHPDGH
LPSURSHUO\RUXQGHUXQIDYRUDEOHHQYLURQPHQWDOFRQGLWLRQV

&RQWUROOLQJ'URSOHW6L]H±*URXQG%RRP
x 9ROXPH,QFUHDVLQJWKHVSUD\YROXPHVRWKDWODUJHUGURSOHWVDUHSURGXFHGZLOOUHGXFHVSUD\GULIW8VHWKHKLJKHVW
SUDFWLFDOVSUD\YROXPHIRUWKHDSSOLFDWLRQ,IDJUHDWHUVSUD\YROXPHLVQHHGHGFRQVLGHUXVLQJDQR]]OHZLWKD
KLJKHUIORZUDWH
x 3UHVVXUH8VHWKHORZHVWVSUD\SUHVVXUHUHFRPPHQGHGIRUWKHQR]]OHWRSURGXFHWKHWDUJHWVSUD\YROXPHDQG
GURSOHWVL]H
x 6SUD\1R]]OH8VHDVSUD\QR]]OHWKDWLVGHVLJQHGIRUWKHLQWHQGHGDSSOLFDWLRQ&RQVLGHUXVLQJQR]]OHVGHVLJQHG
WRUHGXFHGULIW

&RQWUROOLQJ'URSOHW6L]H±$LUFUDIW
x $GMXVW1R]]OHV)ROORZQR]]OHPDQXIDFWXUHU¶VUHFRPPHQGDWLRQVIRUVHWWLQJXSQR]]OHV*HQHUDOO\WRUHGXFHILQH
GURSOHWVQR]]OHVVKRXOGEHRULHQWHGSDUDOOHOZLWKWKHDLUIORZLQIOLJKW

%220+(,*+7±*URXQG%RRP
)RUJURXQGHTXLSPHQWWKHERRPVKRXOGUHPDLQOHYHOZLWKWKHFURSDQGKDYHPLQLPDOERXQFH

5(/($6(+(,*+7$LUFUDIW
+LJKHUUHOHDVHKHLJKWVLQFUHDVHWKHSRWHQWLDOIRUVSUD\GULIW:KHQDSSO\LQJDHULDOO\WRFURSVGRQRWUHOHDVHVSUD\DWD
KHLJKWJUHDWHUWKDQIWDERYHWKHFURSFDQRS\XQOHVVDJUHDWHUDSSOLFDWLRQKHLJKWLVQHFHVVDU\IRUSLORWVDIHW\

6+,(/'('635$<(56
6KLHOGLQJWKHERRPRULQGLYLGXDOQR]]OHVFDQUHGXFHVSUD\GULIW&RQVLGHUXVLQJVKLHOGHGVSUD\HUV9HULI\WKDWWKHVKLHOGV
DUHQRWLQWHUIHULQJZLWKWKHXQLIRUPGHSRVLWLRQRIWKHVSUD\RQWKHWDUJHWDUHD

7(03(5$785($1'+80,',7<
:KHQPDNLQJDSSOLFDWLRQVLQKRWDQGGU\FRQGLWLRQVXVHODUJHUGURSOHWVWRUHGXFHHIIHFWVRIHYDSRUDWLRQ


121$*5,&8/785$/86(5(48,5(0(176
7KHUHTXLUHPHQWVLQWKLVER[DSSO\WRXVHVRIWKLVSURGXFWWKDWDUH127ZLWKLQWKHVFRSHRI:RUNHU3URWHFWLRQ6WDQGDUG
IRUDJULFXOWXUDOSHVWLFLGHV&)53DUW7KH:36DSSOLHVZKHQWKLVSURGXFWLVXVHGWRSURGXFHDJULFXOWXUDOSODQWVRQ
IDUPVIRUHVWQXUVHULHVRUJUHHQKRXVHV'RQRWHQWHURUDOORZRWKHUVWRHQWHUXQWLOVSUD\VKDYHGULHG


)LOHQDPH2PQL2LO&/1GRF



7(03(5$785(,19(56,216
'ULIWSRWHQWLDOLVKLJKGXULQJDWHPSHUDWXUHLQYHUVLRQ7HPSHUDWXUHLQYHUVLRQVDUHFKDUDFWHUL]HGE\LQFUHDVLQJWHPSHUDWXUH
ZLWKDOWLWXGHDQGDUHFRPPRQRQQLJKWVZLWKOLPLWHGFORXGFRYHUDQGOLJKWWRQRZLQG7KHSUHVHQFHRIDQLQYHUVLRQFDQEH
LQGLFDWHGE\JURXQGIRJRUE\WKHPRYHPHQWRIVPRNHIURPDJURXQGVRXUFHRUDQDLUFUDIWVPRNHJHQHUDWRU6PRNHWKDW
OD\HUVDQGPRYHVODWHUDOO\LQDFRQFHQWUDWHGFORXGXQGHUORZZLQGFRQGLWLRQVLQGLFDWHVDQLQYHUVLRQZKLOHVPRNHWKDW
PRYHVXSZDUGDQGUDSLGO\GLVVLSDWHVLQGLFDWHVJRRGYHUWLFDODLUPL[LQJ$YRLGDSSOLFDWLRQVGXULQJWHPSHUDWXUHLQYHUVLRQV

:,1'
'ULIWSRWHQWLDOJHQHUDOO\LQFUHDVHVZLWKZLQGVSHHG
$92,'$33/,&$7,216'85,1**867<:,1'&21',7,216
$SSOLFDWRUVQHHGWREHIDPLOLDUZLWKORFDOZLQGSDWWHUQVDQGWHUUDLQWKDWFRXOGDIIHFWVSUD\GULIW

%RRPOHVV*URXQG$SSOLFDWLRQV
6HWWLQJQR]]OHVDWWKHORZHVWHIIHFWLYHKHLJKWZLOOKHOSWRUHGXFHWKHSRWHQWLDOIRUVSUD\GULIW

+DQGKHOG7HFKQRORJ\$SSOLFDWLRQV
7DNHSUHFDXWLRQVWRPLQLPL]HVSUD\GULIW


352'8&7,1)250$7,21
201,2,/LVUHILQHGSK\WRQRPLFRLOWKDWIXQFWLRQVDVDFRQWDFWLQVHFWLFLGH7KLVSURGXFWLVIRUXVHRQSODQWVWKDWDUHLQ
IROLDJHRULQWKHGRUPDQWVWDJH

7KLVSURGXFWLVLQWHQGHGIRUXVHE\FRPPHUFLDOJURZHUVDQGFRPPHUFLDODSSOLFDWRUV

86(5(675,&7,216$1'35(&$87,216
:KHQXVLQJWKLVSURGXFWLQFRPELQDWLRQZLWKRWKHUSHVWLFLGHVDVDXWKRUL]HGE\WKLVODEHOREVHUYHDOOFDXWLRQVXVH
UHVWULFWLRQVDQGRWKHUOLPLWDWLRQVRQWKHODEHOVIRUDOOSURGXFWVLQYROYHG

'RQRWXVH201,2,/ZKHQWHPSHUDWXUHVDUHDERYHž)

'RQRWHQWHURUDOORZRWKHUVWRHQWHUXQWLOVSUD\VKDYHGULHG

'RQRWDSSO\WKLVSURGXFWLQDZD\WKDWZLOOFRQWDFWZRUNHUVRURWKHUSHUVRQVHLWKHUGLUHFWO\RUWKURXJKGULIW

'RQRWDSSO\WKLVSURGXFWLQDZD\WKDWZLOOFRQWDFWDGXOWVFKLOGUHQRUSHWVGLUHFWO\RUWKURXJKGULIW

2QO\SURWHFWHGKDQGOHUVPD\EHLQWKHDUHDGXULQJDSSOLFDWLRQ

,IWHPSHUDWXUHVKDYHGURSSHGEHORZž)LQFOXGLQJRYHUQLJKWORZVGRQRWVSUD\WUHHDQGYLQHFURSVXQWLOGD\WLPH
WHPSHUDWXUHVKDYHULVHQWRDERYHž)DQGSODQWVDUHIUHHRIPRLVWXUHGXHWRPHOWLQJIURVWRUKHDY\GHZ

$SSOLFDWLRQVWRWUHHVZHDNHQHGE\GLVHDVHGURXJKWGULYLQJZLQGVRUKLJKQLWURJHQPD\UHVXOWLQRLOFDXVHGLQMXU\

7KHVSUD\WDQNPXVWEHPDGHIUHHRIDQ\VXOIXUUHVLGXHEHIRUHXVLQJ201,2,/([FHSWZKHUHGLUHFWHGRWKHUZLVHE\
WKLVODEHOGRQRWFRPELQHVXOIXUVSUD\VZLWK201,2,/)RUSODQWVDIHW\GRQRWIROORZDSUHYLRXVDSSOLFDWLRQRIVXOIXURU
DSSO\VXOIXUIROORZLQJ201,2,/XQWLODWOHDVWGD\VKDYHHODSVHGH[FHSWLQ2UHJRQ:DVKLQJWRQDQG,GDKRZKHUH
201,2,/PD\EHXVHGLQFRPELQDWLRQZLWKVXOIXULQWKHIROORZLQJDSSOLFDWLRQVLWXDWLRQV3HDUV±3RVWKDUYHVWDIWHUDOO
IUXLWLVRIIWKHWUHH'RUPDQWDQG'HOD\HG'RUPDQWEHIRUHWKHVFDOHVVOLSRUSULRUWRRUDWEXGVZHOODQG$SSOHV±SULRU
WRRUXSWRWKH'HOD\HG'RUPDQWLQFKJUHHQSHULRG,ILQGRXEWVSUD\DSRUWLRQRIRQHWUHHSUHYLRXVO\WUHDWHGZLWK
VXOIXUXVLQJTXDUWRI201,2,/LQJDOORQVRIZDWHU,IVXIILFLHQWWLPHKDVQRWHODSVHGIROLDUEXUQZLOOVKRZLQVHYHUDO
GD\V

'RQRWXVH201,2,/LQFRPELQDWLRQZLWKRULPPHGLDWHO\EHIRUHRUDIWHUVSUD\LQJZLWKGLQLWURFRPSRXQGVIXQJLFLGHV
VXFKDV&DSWDQ)ROSHW'\UHQH0RUHVWDQRUDQ\RWKHUSURGXFWFRQWDLQLQJVXOIXU

([FHSWZKHUHVSHFLILHGRWKHUZLVHWKHUDWHVRI201,2,/SUHVFULEHGE\WKLVODEHODUHRQWKHEDVLVRIGLOXWLRQLQ
JDOORQVRIZDWHU


)LOHQDPH2PQL2LO&/1GRF



7KLVSURGXFWPD\EHDSSOLHGXVLQJFRQYHQWLRQDOK\GUDXOLFVSUD\HUVFRQFHQWUDWHDSSOLFDWLRQHTXLSPHQWJURXQG
DSSOLFDWLRQHTXLSPHQWRUDLUFUDIW

:KHQDSSO\LQJE\JURXQGHTXLSPHQWXVHHQRXJKVSUD\VROXWLRQWRFRPSOHWHO\SHQHWUDWHWKHOHDIFDQRS\DQGFRYHUERWK
WRSDQGERWWRPRIDOOOHDYHVXQWLOZHWEXWZLWKRXWVLJQLILFDQWUXQRII7KLVODEHO¶VGLUHFWLRQVUHJDUGLQJYROXPHRIVSUD\
VROXWLRQSHUWDLQWRDSSOLFDWLRQVWRPDWXUHWUHHVDQGYLQHVZLWKQRUPDOIROLDJHFRYHU5HGXFHUDWHVSURSRUWLRQDOO\IRU
VPDOOHUDQGLPPDWXUHSODQWV

)RUDSSOLFDWLRQVE\FRQFHQWUDWHPHWKRGVDSSO\WKHWRWDODPRXQWRI201,2,/LQGLFDWHGRQWKHSHUJDOORQEDVLV
H[FHSWZKHUHWKHODEHOVSHFLILHVDFWXDOFRQFHQWUDWLRQUDWHV([DPSOH,IWKHUDWHIRUDGLOXWHDSSOLFDWLRQLVH[SUHVVHGLQ
WHUPVRIJDOORQVSHUDFUH

)RUDHULDODSSOLFDWLRQVDSSO\WKHTXDQWLW\RI201,2,/LQGLFDWHGIRUWKHFURSRURWKHUSODQWVWREHWUHDWHGLQVXIILFLHQW
ZDWHUWRSURYLGHJDOORQVRIVSUD\SHUDFUHH[FHSWZKHUHWKHODEHOSUHVFULEHVRWKHUZLVH$HULDODSSOLFDWLRQVDUHQRWDV
HIILFLHQWDVJURXQGVSUD\VIRUWUHHV7KHUHIRUHDHULDODSSOLFDWLRQVVKRXOGRQO\EHPDGHZKHQJURZLQJDQGRUVRLO
FRQGLWLRQVPDNHJURXQGDSSOLFDWLRQVLQIHDVLEOH

([FHSWZKHUHOLPLWHGE\WKLVODEHOWKHRSWLPXPVSUD\JDOORQDJHGHSHQGVXSRQWUHHRUFURSVL]HSODQWLQJGHQVLW\DQG
JURZWKVWDJH7\SLFDOSHUDFUHVSUD\JDOORQDJHZLOOUDQJHIURPJDOORQVIRUGLOXWHVSUD\JDOORQVIRU
FRQFHQWUDWHVSUD\DQGJDOORQVIRUDHULDODSSOLFDWLRQV

0,;,1*,16758&7,216
$GGHQRXJKZDWHUWRWKHPL[LQJWDQNIRUSURSHUDJLWDWLRQ
$GGPLFURQXWULHQWVDQGRWKHUGHVLUHGSHVWLFLGHV,IGU\SHVWLFLGHSURGXFWVDUHXVHGPL[WKHPDWHULDOVZLWKZDWHU
WKRURXJKO\VRWKDWWKH\DUHFRPSOHWHO\GLVSHUVHGLQWKHPL[LQJWDQN'2127DGG201,2,/EHIRUHDXQLIRUPPL[WXUH
RISHVWLFLGHDQGZDWHULVREWDLQHG
0DLQWDLQDJLWDWLRQRIWKHPL[XQWLOWKHVSUD\LVDSSOLHG)OXVKDQ\VSUD\PL[UHPDLQLQJLQKRVHVEDFNLQWRWKHWDQNLIWKH
VROXWLRQVWDQGVIRUPRUHWKDQPLQXWHV
(QVXUHWKDWVSUD\HTXLSPHQWLVWKRURXJKO\FOHDQVRWKDWUHVLGXHVIURPRWKHUDSSOLFDWLRQVGRQRWUHPDLQ

$/)$/)$6HHG&URS2QO\8VHTXDUWSHUDFUHLQDPLQLPXPRIJDOORQVRIZDWHUSHUDFUHIRUJURXQGDSSOLFDWLRQV
RULQDPLQLPXPRIJDOORQVRIZDWHUSHUDFUHIRUDHULDODSSOLFDWLRQVZKHQXVHGLQFRPELQDWLRQDQGDWWKHODEHOHGUDWHV
ZLWKLQVHFWLFLGHVRUPLWLFLGHVWKDWDUHODEHOHGIRUXVHZLWKRLOVSUD\V7RLQFUHDVHWKHHIIHFWLYHQHVVRIGHVLFFDQWVDSSO\
JDOORQVRISURGXFWSHUDFUHE\DLULQDPLQLPXPRIJDOORQVRIZDWHU7KLVXVHLVOLPLWHGWRKHUELFLGHGHVLFFDQWSURGXFWV
WKDWDUHODEHOHGIRUDOIDOIDVHHGGHVLFFDWLRQ

$/021'6$35,&276&+(55,(61(&7$5,1(63($&+(63/8063581(6'RUPDQWRU'HOD\HG'RUPDQW±
'LOXWH6SUD\%URZQ$SULFRW6FDOH%ODFN6FDOH6DQ-RVH6FDOH2OLYH6FDOH3DUODWRULD6FDOH2OHDQGHU6FDOH)URVWHG
6FDOH,WDOLDQ3HDU6FDOH(XURSHDQ)UXLW/HFDQLXP3XWQDP6FDOH6RIW%URZQ6FDOHRWKHU6FDOH,QVHFWV(JJVRI
$SKLGV5HG6SLGHU0LWHV%URZQ0LWHV±8VHWRJDOORQVLQWRJDOORQVRIZDWHUSHUDFUH&RQFHQWUDWH6SUD\
8VHWRJDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIVSUD\$OPRQGVDQG$SULFRWV(XURSHDQ5HG0LWH%URZQ0LWH
6DQ-RVH6FDOH±8VHWRJDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIVSUD\6SULQJRU6XPPHU'LOXWH6SUD\7ZR
VSRWWHG0LWHV3DFLILF0LWHV(XURSHDQ5HG0LWHVDQG%URZQ0LWHV±8VHWRJDOORQVLQWRJDOORQVRIZDWHUSHU
DFUH6SULQJRU6XPPHU&RQFHQWUDWH8VHWRJDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIVSUD\$HULDO$SSOLFDWLRQ
8VHDWOHDVWDQGQRPRUHWKDQJDOORQVRISURGXFWLQDPLQLPXPRIJDOORQVRIVSUD\3OXPVDQG3UXQHV±'LOXWH
6SUD\3HDFK7ZLJ%RUHU±$SSO\±JDOORQVRIVSUD\VROXWLRQSHUDFUHXVLQJWRJDOORQVSHUJDOORQVRI
ZDWHU&RQFHQWUDWH6SUD\8VHWRJDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIZDWHU$HULDO$SSOLFDWLRQ8VHWR
JDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIVSUD\

5HVWULFWLRQVIRUDSSOLFDWLRQVRQ&+(55,(621/<'RQRWH[FHHGDPD[LPXPDSSOLFDWLRQUDWHRIJDOORQVSHU
JDOORQVRIVSUD\PL[WXUHRUE\YROXPH'RQRWDSSO\WKLVSURGXFWWRFKHUULHVLQFRQMXQFWLRQZLWKD]LQSKRVPHWK\O
EDVHGLQVHFWLFLGHV

$33/(65XVW0LWH'HOD\HG'RUPDQW±8VHWRJDOORQVRISURGXFWLQWRJDOORQVRIZDWHUSHUDFUH6XPPHU
8VH±8VHWRJDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIVSUD\

$33/(63($56'RUPDQWRU'HOD\HG'RUPDQW±'LOXWH6SUD\6DQ-RVH6FDOH3HDU6FDOH(JJVRI$SKLGV5HG
6SLGHU0LWHV5XVW0LWHV$SSOHVRQO\±GHOD\HGGRUPDQW±8VHWRJDOORQVLQWRJDOORQVRIZDWHUSHUDFUH


)LOHQDPH2PQL2LO&/1GRF


3HDUVRQO\'HOD\HG'RUPDQW3HDU3V\OOD±8VHJDOORQVLQWRJDOORQVRIZDWHUSHUDFUH&RQFHQWUDWH6SUD\
8VHWRJDOORQVLQDPLQLPXPRIJDOORQVRIVSUD\SHUDFUH6XPPHU'LOXWH6SUD\7ZR6SRWWHG6SLGHU0LWHV3DFLILF
0LWHVDQG(XURSHDQ5HG0LWHV±8VHWRJDOORQVSHUDFUHGLOXWHGLQWRJDOORQVRIZDWHU&RQFHQWUDWH6SUD\
8VHQRPRUHWKDQJDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIVSUD\$HULDO$SSOLFDWLRQ8VHQRPRUHWKDQ
JDOORQVRISURGXFWLQDPLQLPXPRIJDOORQVRIVSUD\SHUDFUH

'RUPDQW:DVKLQJWRQ2UHJRQDQG,GDKRRQO\$SSOHV±'LOXWHVSUD\IRUPLWHVDQG6DQ-RVHVFDOHXVHWR
JDOORQVRIRLOSOXVVXOIXURUOLPHVXOIXUDWWKHVSHFLILHGODEHOUDWH&RQFHQWUDWHVSUD\8VHWRJDOORQVRIRLOSHUDFUHSOXV
WKHVSHFLILHGODEHOUDWHRIVXOIXURUOLPHVXOIXULQVXIILFLHQWZDWHUWRWRWDOWRJDOORQVRIVSUD\SHUDFUH3HDUV'LOXWH
6SUD\±3HDU3V\OODXVHWRJDOORQVRIRLOSOXVVXOIXURUOLPHVXOIXUDWWKHVSHFLILHGODEHOUDWH&RQFHQWUDWHVSUD\8VH
QRPRUHWKDQILYHJDOORQVRIRLOSOXVWKHVSHFLILHGODEHOUDWHRIVXOIXURUOLPHVXOIXULQVXIILFLHQWZDWHUWRWRWDOWR
JDOORQVRIVSUD\SHUDFUH

127(2LOSOXVVXOIXURUOLPHVXOIXUFDQFDXVHVHYHUHIROLDJHDQGIUXLWEXGLQMXU\LIDSSOLHGDIWHUWKHGRUPDQWSHULRG

$63$5$*86%($16%((76&251&8&85%,763(33(56648$6+$1'720$72(6$SKLGV0LWHV%HHWOH
/DUYDH/HDIPLQHUV&DWHUSLOODUV8VHWRJDOORQVRISURGXFWSHUJDOORQVRIZDWHUSHUDFUH

$92&$'26)RU0LWHVDQG7KULSV±8VHWRJDOORQVSHUDFUHLQDGLOXWHVSUD\RIWRJDOORQVSHUDFUH8VH
HQRXJKVSUD\IRUWKRURXJKFRYHUDJH'RQRWH[FHHGJDOORQVRIRLOSHUDFUHSHUDSSOLFDWLRQ)RUFRQFHQWUDWHVSUD\XVH
WRJDOORQVSHUDFUHLQWRJDOORQVRIVSUD\PL[WXUHRULQHQRXJKZDWHUIRUDGHTXDWHFRYHUDJH)RUDHULDO
DSSOLFDWLRQXVHWRJDOORQVSHUDFUHLQWRJDOORQVRIVSUD\:KHQWKHDSSOLFDWLRQRIRLOLVPRUHWKDQYY
FRQFHQWUDWLRQWUHDWDQGREVHUYHDVPDOODUHD$OORZHQRXJKWLPHIRUV\PSWRPVWRDSSHDUEHIRUHFRQWLQXLQJWRVSUD\

%$1$1$63/$17$,16)RUFRQWURORI%ODFN/HDI6WUHDN%ODFN6LJDWRNDDQG<HOORZ6LJDWRND8VHJDOORQVLQ
JDOORQVZDWHUSHUDFUH0LVW%ORZHU8VHJDOORQVLQJDOORQVRIZDWHUSHUDFUH1RWH%HJLQDSSOLFDWLRQZKHQ
GLVHDVHILUVWDSSHDUVDQGFRQWLQXHHYHU\GD\VGXULQJUDLQ\VHDVRQRUDVLVQHHGHG'RQRWDSSO\ZKHQGD\WLPH
WHPSHUDWXUHVH[FHHGƒ)DVLQMXU\PD\RFFXU3K\WRWR[LFLW\PD\EHDIIHFWHGE\WKHTXDQWLW\RIRLOXVHGYLJRURIWUHHV
DQGWHPSHUDWXUHDWWLPHRIDSSOLFDWLRQ%DJIUXLWVRUXVHDGLUHFWHGVSUD\RQXQEDJJHGIUXLWV%DJJHGIUXLWLPSURYHVFURS
VDIHW\ZKHUHDVXQEDJJHGIUXLWPD\VKRZSK\WRWR[LFLW\7KLVDSSOLFDWLRQPD\DOVRORRVHQ6RRW\0ROG)XQJXVDQGSUHYHQW
LWVIRUPDWLRQWKURXJKFRQWURORI$SKLGV0HDO\EXJV6FDOH,QVHFWVDQG:KLWHIOLHV

%/8(%(55,(6%86+%(55,(6&$1(%(55,(6)RUFRQWURORI0LWHV3RZGHU\0LOGHZDQG5XVWDSSO\
JDOORQVLQJDOORQVRIZDWHUSHUDFUH8VLQJJURXQGHTXLSPHQWVSUD\IRURSWLPXPFRYHUDJHRIOHDIVXUIDFHV)RU
)XQJDO'LVHDVHVXVHDWOHDVWSVLVSUD\SUHVVXUH

&$%%$*(&$8/,)/2:(5&(/(5<&2/(&5236/(778&( 21,216$SKLGV/HDIKRSSHUV/HDI0LQHUV
/RRSHUV0LWHV3ODQW%XJV7KULSV :KLWHIOLHV±8VH±JDOORQVLQJDOORQVRIZDWHUSHUDFUHLQFRPELQDWLRQZLWK
RWKHULQVHFWLFLGHVRUPLWLFLGHVUHJLVWHUHGIRUXVHRQWKHVHFURSV

&2))(()RUFRQWURORI*UHHQ6FDOHXVHJDOORQVLQJDOORQVRIZDWHUSHUDFUH8VHRQO\ZDWHUDVDGLOXHQW

),*6)LJ6FDOH±'RUPDQWRU'HOD\HG'RUPDQW±'LOXWH6SUD\8VHWRJDOORQVSHUJDOORQVRIZDWHU$SSO\WR
JDOORQVRIVSUD\PL[SHUDFUH8VHJDOORQVRISURGXFWSHUJDOORQVRIZDWHUIRUVHYHUHLQIHVWDWLRQV&RQFHQWUDWH
6SUD\8VHWRJDOORQVLQDPLQLPXPRIJDOORQVRIVSUD\SHUDFUH

*5$3(6'RUPDQW'LOXWH6SUD\0HDO\EXJ±8VHWRJDOORQVSOXVWKHDSSURSULDWHODEHOHGUDWHRIDQLQVHFWLFLGH
UHJLVWHUHGIRUXVHRQJUDSHVIRUPHDO\EXJFRQWUROLQWRJDOORQVZDWHUSHUDFUH&RQFHQWUDWH6SUD\8VHWR
JDOORQVSOXVWKHDSSURSULDWHODEHOHGUDWHRIDQLQVHFWLFLGHUHJLVWHUHGIRUXVHRQJUDSHVIRUPHDO\EXJFRQWUROSHUDFUHLQ
HQRXJKZDWHUIRUWKRURXJKFRYHUDJH6XSSUHVVLRQRI*UDSHDQG9DULHJDWHG/HDIKRSSHUQ\PSKV±8VHWRJDOORQV
SHUJDOORQVRIZDWHUDVDGLOXWHVSUD\RUJDOORQVSHUDFUHFRQFHQWUDWH0LWHVXSSUHVVLRQ±WRJDOORQVSHUDFUH
FRQFHQWUDWH1DUURZUDQJHRLOVVXFKDV201,2,/FDQWHPSRUDULO\DIIHFWVXUIDFHEORRPDSSHDUDQFHZLWKRXWFDXVLQJ
VXEVXUIDFHLQMXU\:KHQXVHGIRUOHDIKRSSHURUPLWHVXSSUHVVLRQZLWKLQGD\VRIKDUYHVW201,2,/VKRXOGQRWEH
DSSOLHGWRJUDSHVGHVLJQDWHGIRUIUHVKPDUNHW

*5$3(66XPPHU8VH8VHóWRJDOORQSHUJDOORQVRIZDWHUWRFRQWUROPLWHVDQGSRZGHU\PLOGHZ'RQRW
H[FHHGJDOORQRIRLOSHUDFUHGXULQJVXPPHUDSSOLFDWLRQV'RQRWVSUD\QHDUWKHWLPHRIVXOIXUDSSOLFDWLRQ



)LOHQDPH2PQL2LO&/1GRF


+236)RUFRQWURORI0LWHVDQG3RZGHU\0LOGHZ8VHJDOORQVRIRLOLQJDOORQVRIZDWHUSHUDFUH1RWH3RZGHU\
0LOGHZ,QLWLDWHVSUD\VDWHDUO\OHDIVWDJH&RQWLQXHVSUD\VHYHU\GD\V0LWHFRQWUROZLOOEHHIIHFWLYHXQGHUWKH
VDPHVSUD\LQWHUYDODVSRZGHU\PLOGHZVSUD\V

2/,9(6'LOXWH6SUD\3DUODWRULD6FDOH2OHDQGHU6FDOH2OLYH6FDOH%ODFN6FDOHDQG6SLGHU0LWHV±8VHJDOORQVRI
SURGXFWLQWRJDOORQVRUZDWHUSHUDFUH7KLVSURGXFWPD\EHDSSOLHGSRVWEORRPODWH0D\WKURXJK-XQHZKHQ
FUDZOHUVDUHSUHVHQWLQVXPPHU-XO\WKURXJK$XJXVWDQGSRVWKDUYHVW2FWREHUWKURXJK1RYHPEHU

3,67$&+,26'RUPDQWDQG'HOD\HG'RUPDQW$SSOLFDWLRQV6RIW6FDOHDQG:LQWHULQJ3K\WRFRULV±8VHDORQHRULQ
FRPELQDWLRQZLWKRWKHUUHJLVWHUHGSURGXFWVODEHOHGIRUFRQWURORI6RIW6FDOHRQ3LVWDFKLRV

)RUFRQFHQWUDWHDSSOLFDWLRQV8VHWRJDOORQVRI201,2,/LQWRJDOORQVRIZDWHUSHUDFUH1RPRUHWKDQ
YYVROXWLRQLVSHUPLWWHGDVDFRQFHQWUDWHDSSOLFDWLRQ

)RUGLOXWHDSSOLFDWLRQV8VHWRJDOORQVRI201,2,/LQWRJDOORQVRIZDWHUSHUDFUH1RPRUHWKDQ
YYVROXWLRQLVSHUPLWWHGDVDGLOXWHDSSOLFDWLRQ)RUPRGHUDWHWRVHYHUHLQVHFWSRSXODWLRQWKHFRQFHQWUDWHDSSOLFDWLRQV
VKRXOGEHXVHG7RHQKDQFHHIILFDF\DSSO\E\PLG)HEUXDU\$SSOLFDWLRQVPDGHLQ-DQXDU\RU)HEUXDU\HVSHFLDOO\DW
KLJKHUUDWHVPD\UHVXOWLQDGYDQFHGEXGEUHDNDQGEORRPZKLFKPD\LQFUHDVHWKHSRWHQWLDOIRUIURVWGDPDJH'RQRW
DSSO\WKHSURGXFWZKHQWKHRUFKDUGLVQRWYLJRURXVRUZKHQLWLVXQGHUVWUHVV

675$:%(55,(67ZR6SRWWHG6SLGHU0LWHV±8VHSURGXFWDWWRYROXPHWRYROXPHLQJDOORQVRIZDWHUSHU
DFUHZLWKDLUDVVLVWHGORZYROXPHJURXQGDSSOLFDWLRQHTXLSPHQWRUJDOORQVRIZDWHUSHUDFUHZLWKVWDQGDUGJURXQG
VSUD\HTXLSPHQW$SSOLFDWLRQPD\EHPDGHGXULQJWKHZLQWHUPRQWKVZKHQSODQWVDUHVHPLGRUPDQW'RQRWXVHRLOIURP
SHDNEORRPWKURXJKSHDNIUXLWLQJSHULRG$SSOLFDWLRQVKRXOGEHPDGHZKHQPLWHVDUHDWQRPRUHWKDQDPRGHUDWH
LQIHVWDWLRQOHYHO+LJKHUOHYHOVRIPLWHLQIHVWDWLRQVZLOOUHTXLUHWUHDWPHQWZLWKPRUHHIIHFWLYHPLWLFLGHV0DNHDSSOLFDWLRQVDW
QROHVVWKDQGD\VEHWZHHQDSSOLFDWLRQV&RQVXOW\RXUORFDO([WHQVLRQ2IILFHIRUPRUHVSHFLILFORFDOPLWHWKUHVKROG
GHQVLW\UHFRPPHQGDWLRQVIRUWKLVW\SHRIWUHDWPHQW:KHQXVLQJUHILQHGSHWUROHXPRLOVRQVWUDZEHUULHVWKHUHZLOOEHD
GDQJHURISK\WRWR[LFLW\7RPLQLPL]HWKHSUREOHPGRQRWDSSO\WKLVSURGXFWZKHQZDUPWHPSHUDWXUHVGHJUHHV)DQG
KLJKHUDUHH[SHFWHGIRUVHYHUDOGD\VDIWHUDSSOLFDWLRQ

,Q&DOLIRUQLDGRQRWDSSO\WKLVSURGXFWIURP
x -DQXDU\WR0D\LQ2UDQJHDQG6DQ'LHJR&RXQWLHVDQGWKH2[QDUG3ODLQV
x )HEUXDU\WR-XQHLQWKH6DQWD0DULD9DOOH\DQG
x 0DUFKWR-XQHLQ0RQWHUH\DQG6DQWD&UX]&RXQWLHV

7523,&$/)58,76.LZL0DQJR3DSD\DDQG3LQHDSSOH
.LZL)RUFRQWURORI/DWDQLD6FDOH*UHHG\6FDOH2OHDQGHU6FDOHDQG6DQ-RVH6FDOH8VHJDOORQVRIRLOSHU
JDOORQVRIZDWHUSHUDFUH8VHJDOORQVRIRLOSHUJDOORQVRIZDWHUSHUDFUHZKHQVFDOHSRSXODWLRQVDUHKLJK

0DQJR)RUFRQWURORI0LWHVDQG3RZGHU\0LOGHZ8VHJDOORQVRIRLOLQJDOORQVRIZDWHUSHUDFUH

3DSD\D)RUFRQWURORI0LWHV3RZGHU\0LOGHZDQG3DSD\D5LQJVSRW9LUXV8VHJDOORQVLQJDOORQVRIZDWHU
SHUDFUH

3LQHDSSOH)RUFRQWURORI0HDO\EXJV%XG0RWKDQG&KLQHVH5RVH%HHWOH6SUD\8VHJDOORQVRIRLOLQJDOORQVRI
ZDWHUSHUDFUH'LS8VHJDOORQVRIRLOLQJDOORQVRIZDWHU'LSIRUVHFRQGV

72%$&&2)RUFRQWURORI$SKLGV0LWHV%HHWOH/DUYDH/HDIPLQHUV7KULSV/HDIKRSSHUDQG:KLWHIO\8VHJDOORQ
RIRLOSHUJDOORQVRIZDWHUSHUDFUH

&,7586&LWUXVVSS)RUWXQHOODVSS
25$1*(61$9(/$1'9$/(1&,$*5$3()58,70$1'$5,16&,7521DQG27+(5&,7586VSS5HG6FDOH
<HOORZ6FDOH&LWULFROD6FDOH3XUSOH6FDOH%ODFN6FDOHDQG%URZQ6RIW6FDOH:KLWHIOLHV5HG6SLGHU0LWHV3DFLILF
6SLGHU0LWHVDQG7ZR6SRWWHG6SLGHU0LWHV'LOXWH6SUD\±$SSO\WRJDOORQVRISURGXFWSHUDFUHLQODWHVXPPHU
WKURXJK2FWREHU)RUVRXWKHUQ&DOLIRUQLDLQFOXGLQJDOOFRDVWDOFRXQWLHVDSSO\WRJDOORQVSHUDFUHWKURXJKRXWWKH
\HDULHQRWLPLQJUHVWULFWLRQV'RQRWDSSO\WRQDYHORUDQJHVGXULQJRUDIWHUFRORUEUHDN0DNHDSSOLFDWLRQVLQHQRXJK
ZDWHUIRUWKRURXJKFRYHUDJH&RQFHQWUDWH6SUD\±$SSO\LQDPLQLPXPRIJDOORQVSHUDFUH



)LOHQDPH2PQL2LO&/1GRF


/(0216$1'/,0(65HG6FDOH<HOORZ6FDOH3XUSOH6FDOH%ODFN6FDOH%URZQ6RIW6FDOH5HG6SLGHU0LWHV%XG
0LWHVDQG)ODW0LWHV'LOXWH6SUD\±$SSO\WRJDOORQVRISURGXFWSHUDFUH$SSO\LQODWHVSULQJDQGODWHVXPPHU
WKURXJK'HFHPEHU,Q6RXWKHUQ&DOLIRUQLDLQFOXGLQJDOOFRDVWDOFRXQWLHVWRJDOORQVWKURXJKRXWWKH\HDUQRWLPLQJ
UHVWULFWLRQV0DNHDSSOLFDWLRQVLQHQRXJKZDWHUIRUWKRURXJKFRYHUDJH&RQFHQWUDWH6SUD\±$SSO\LQDPLQLPXPRI
JDOORQVSHUDFUH

$//&,75869$5,(7,(6
)UHH]LQJ7HPSHUDWXUHV'RQRWXVHRLOVSUD\ZKHQIUHH]LQJWHPSHUDWXUHVDUHH[SHFWHGZLWKLQKRXUVRIWKH
DSSOLFDWLRQ&DUHVKRXOGEHWDNHQLQFRPELQLQJRLOVSUD\VZLWKRWKHUPLWLFLGHVDQGLQVHFWLFLGHVGXHWRWKHSRVVLELOLW\RI
LQFUHDVHGSK\WRWR[LFLW\ZKHQWKHFRPELQDWLRQVDUHDSSOLHGRYHUIROLDJH&RQVXOWDORFDO$JULFXOWXUDO([WHQVLRQ6HUYLFH
DJHQWIRUDGYLFHRQVSHFLILFFRPELQDWLRQV

$GMXYDQW8VHV7KLVSURGXFWPD\EHXVHGDVDQDGMXYDQWZLWKVXLWDEOHLQVHFWLFLGHVRUPLWLFLGHVWKDWDUHUHJLVWHUHGIRU
XVHRQFLWUXV'RQRWH[FHHGDYROXPHWRYROXPHFRQFHQWUDWLRQ
0D[LPXP$SSOLFDWLRQ$PRXQWV'RQRWH[FHHGSRXQGVDFWLYHLQJUHGLHQWSHUDFUHLQDPD[LPXPRIJDOORQV
RIVSUD\PL[SHUDFUHLQ7H[DVDQG)ORULGD'RQRWH[FHHGSRXQGVDFWLYHLQJUHGLHQWSHUDFUHLQDPD[LPXPRI
JDOORQVRIVSUD\PL[SHUDFUHLQ&DOLIRUQLD

:$/1876'HOD\HG'RUPDQW%ODFN6FDOH6DQ-RVH6FDOH2OLYH6FDOH)URVWHG6FDOH&DOLFR6FDOH(XURSHDQ)UXLW
/HFDQLXP6FDOH5HG6SLGHU0LWH(JJVDQG:DOQXW$SKLG(JJV'LOXWH6SUD\±8VHJDOORQVLQWRJDOORQVRI
ZDWHUSHUDFUH)ROLDUIXOO\H[SDQGHGOHDYHV6SLGHU0LWHV±8VHJDOORQVRISURGXFWSHUDFUHLQWRJDOORQVRI
ZDWHUSHUDFUH&RQFHQWUDWH6SUD\IRUGHOD\HGGRUPDQWDQGIROLDUVSUD\VDSSO\LQDPLQLPXPRIJDOORQVRIZDWHUSHU
DFUH8VHRLORQO\RQWUHHVWKDWKDYHQRWVXIIHUHGIURPODFNRIPRLVWXUHRURWKHUVWUHVVLQJIDFWRUVGXULQJWKHJURZLQJ
VHDVRQ'RQRWDSSO\ZKHQVRLOPRLVWXUHLVORZ'RQRWDSSO\DIWHUKXVNVSOLW$VDQDGMXYDQWIRUQHXWUDOFRSSHU
FRPSRXQGVIRUFRQWURORI:DOQXW%OLJKWLQSUHDQGSRVWEORRPVSUD\V8VHTXDUWSHUJDOORQVRIZDWHUDVDGLOXWH
VSUD\)ROORZGRVDJHVDQGWLPLQJVRQWKHFRSSHUSURGXFWODEHO

6+$'(75((66+58%6251$0(17$/6)/2:(5$1')2/,$*(3/$176
6KDGH7UHHV
DQG6KUXEVLQFOXGLQJ&RQLIHUV'HFLGXRXV%URDGOHDI(YHUJUHHQVDQG:RRG\2UQDPHQWDOV
$SKLGV$GHOJLGV%XJVLPPDWXUH&DWHUSLOODUV(ULRSK\LG0LWHV*DOO0LWHV/DFH%XJV/HDI%HHWOH/DUYDH/HDIPLQHUV
0HDO\EXJV3V\OOLGVLPPDWXUH6DZIO\/DUYDH6FDOHVLPPDWXUH6SLGHU0LWHV:KLWHIOLHVLPPDWXUH:LQWHU'RUPDQW
3HULRGDVQHHGHG±8VHWRJDOORQVRISURGXFWSHUJDOORQVZDWHU1RWH7KLVSURGXFWPD\FDXVHGLVFRORUDWLRQRI
%OXH6SUXFH'RQRWXVHRQ&RQLIHUVRU)HUQVWKDWDUHQRWWROHUDQWWRRLOVSUD\V

2UQDPHQWDO7UHHV
6KUXEVDORQJFLW\VWUHHWVDQGRWKHUULJKWVRIZD\LQFOXGLQJ&RQLIHUV'HFLGXRXVDQG
%URDGOHDI(YHUJUHHQV$SKLGV$GHOJLGV%XJVLPPDWXUH&DWHUSLOODUV(ULRSK\LG0LWHV*DOO0LWHV/DFH%XJV/HDI
%HHWOH/DUYDH/HDIPLQHUV0HDO\EXJV3V\OOLGVLPPDWXUH6DZIO\/DUYDH6FDOHVLPPDWXUH6SLGHU0LWHV:KLWHIOLHV
LPPDWXUH:LQWHU'RUPDQW3HULRGDVQHHGHG±8VHWRJDOORQVRISURGXFWSHUJDOORQVRIZDWHU6XPPHU)ROLDU
RU&RYHUDVQHHGHG±8VHWRJDOORQVRISURGXFWSHUJDOORQVZDWHU'RQRWXVHRQ&KULVWPDVWUHHV

5RVHVDQGRWKHU)ORZHULQJ6KUXEV$SKLGV$GHOJLGV%XJVLPPDWXUH&DWHUSLOODUV(ULRSK\LG0LWHV*DOO0LWHV/DFH
%XJV/HDI%HHWOH/DUYDH/HDIPLQHUV0HDO\EXJV3V\OOLGVLPPDWXUH6DZIO\/DUYDH6FDOHVLPPDWXUH6SLGHU0LWHV
:KLWHIOLHVLPPDWXUH:LQWHU'RUPDQW3HULRGDVQHHGHG±8VHWRJDOORQVSURGXFWSHUJDOORQVZDWHU6XPPHU
)ROLDURU&RYHUDVQHHGHG±8VHWRJDOORQVRISURGXFWSHUJDOORQVZDWHU

)ROLDJH2UQDPHQWDOV %HGGLQJ3ODQWV$SKLGV$GHOJLGV%XJVLPPDWXUH&DWHUSLOODUV(ULRSK\LG0LWHV*DOO0LWHV
/DFH%XJV/HDI%HHWOH/DUYDH/HDIPLQHUV0HDO\EXJV3V\OOLGVLPPDWXUH6DZIO\/DUYDH6FDOHVLPPDWXUH6SLGHU
0LWHV:KLWHIOLHVLPPDWXUH:LQWHU'RUPDQW3HULRGDVQHHGHG±8VHWRJDOORQVRISURGXFWSHUJDOORQVZDWHU
6XPPHU)ROLDURU&RYHUDVQHHGHG±8VHWRJDOORQVRISURGXFWSHUJDOORQVZDWHU


2LOUHPRYHVWKHJODXFRXVEOXHEORRPIURPVXFKHYHUJUHHQVDV&RORUDGR%OXH6SUXFHDQG.RVWHU6SUXFH$OZD\VXVH
ORZHUGRVDJHRUWHVWVSUD\RLOVHQVLWLYHSODQWVVXFKDV&U\SWRPHULD6PRNH7UHH&KDPDHF\SULV-XQLSHU-DSDQHVH+ROO\
DQG6SUXFH5HG&HGDUDQG'RXJODV)LUKDYHDWHQGHQF\WRZDUGVHQVLWLYLW\'RQRWVSUD\:DOQXWIROLDJH

5HVWULFWLRQV6SUD\QRPRUHWKDQWLPHVGXULQJWKHJURZLQJVHDVRQXVHDZHHNPLQLPXPDSSOLFDWLRQLQWHUYDO'RQRW
VSUD\ZKHQEXGVKDYHIXOO\RSHQHGDQGVKRRWHORQJDWLRQLVRFFXUULQJ'RQRWVSUD\ZKHQWKHUHLVREYLRXVPRLVWXUHGHILFLW
LQOHDYHVRUSODQWLVXQGHUVWUHVV)RUIDOOGRUPDQWDSSOLFDWLRQVUHGXFHUDWHWRJDOORQVRLOSHUJDOORQVZDWHU,QWKH
VWDWHRI&DOLIRUQLDRQO\OLPLWXVHWR$PHULFDQ5HG2DN-DSDQHVH%ODFN3LQH'RJZRRG:HHSLQJ&KHUU\&RUQHOLDQ


)LOHQDPH2PQL2LO&/1GRF


&KHUU\&UDEDSSOH1RUZD\0DSOHDQG3XUSOH/HDI3OXP.HHSVSUD\DZD\IURPRSHQEORRPV%OHDFKLQJDQGVSRWWLQJRI
RSHQEORRPVKDYHEHHQREVHUYHGZLWKVRPHW\SHVRISODQWV

6725$*($1'',6326$/
'RQRWFRQWDPLQDWHZDWHUIRRGRUIHHGE\VWRUDJHRUGLVSRVDO

3(67,&,'( 6725$*( .HHS FRQWDLQHU ZHOO VHDOHG 'R QRW FRQWDPLQDWH ZLWK ZDWHU RU RWKHU VROXWLRQV WR DYRLG ORVV RI
HPXOVLILFDWLRQDQGSK\WRWR[LFLW\3URWHFWIURPH[FHVVLYHKHDW

3(67,&,'(',6326$/'RQRWFRQWDPLQDWHZDWHUIRRGRUIHHGE\VWRUDJHRUGLVSRVDO:DVWHVUHVXOWLQJIURPWKHXVHRI
WKLVSURGXFWPD\EHGLVSRVHGRIRQVLWHRUDWDQDSSURYHGZDVWHGLVSRVDOIDFLOLW\

&217$,1(5',6326$/
1215(),//$%/(&217$,1(5(48$/7225/(667+$1*$//216'RQRWUHXVHRUUHILOOWKLVFRQWDLQHU7ULSOH
ULQVH FRQWDLQHU RU HTXLYDOHQW SURPSWO\ DIWHU HPSW\LQJ 7ULSOHU L Q V H D V I R O O R Z V  ( P S W \ W K H U H P D L Q L Q J F R Q W H Q W V L Q W R 
DSSOLFDWLRQ HTXLSPHQW RU DPL[ WDQN DQG GUDLQ IRU  VHFRQGV DIWHU WKH IORZ EHJLQV WR GULS )LOO WKH FRQWDLQHU ó IXOO ZLWK
ZDWHUDQGUHFDS6KDNHIRUVHFRQGV3RXUULQVDWHLQWRDSSOLFDWLRQHTXLSPHQWRUDPL[WDQNRUVWRUHULQVDWHIRUODWHUXVH
RUGLVSRVDO'UDLQIRUVHFRQGVDIWHUWKHIORZEHJLQVWRGULS5HSHDWWKLVSURFHGXUHWZRPRUHWLPHV2IIHUIRUUHF\FOLQJLI
DYDLODEOH RUSXQFWXUHDQG GLVSRVHRIFRQWDLQHULQDVDQLWDU\ ODQGILOORU E\RWKHU SURFHGXUHV DSSURYHGE\VWDWH DQGORFDO
DXWKRULWLHV

1215(),//$%/( &217$,1(5 *5($7(5 7+$1  *$//216 'R QRW UHXVH RU UHILOO WKLV FRQWDLQHU 7ULSOH ULQVH
FRQWDLQHU RU HTXLYDOHQW SURPSWO\ DIWHU HPSW\LQJ 7ULSOH ULQVH DV IROORZV (PSW\ WKH UHPDLQLQJ FRQWHQWV LQWR DSSOLFDWLRQ
HTXLSPHQWRUDPL[WDQN)LOOWKHFRQWDLQHUóIXOOZLWKZDWHU5HSODFHDQGWLJKWHQFORVXUHV7LSFRQWDLQHURQLWVVLGHDQG
UROOLWEDFNDQGIRUWKHQVXULQJDWOHDVWRQHFRPSOHWHUHYROXWLRQIRUVHFRQGV6WDQGWKHFRQWDLQHURQLWVHQGDQGWLSLW
EDFNDQGIRUWKVHYHUDOWLPHV7XUQWKHFRQWDLQHURYHURQWRLWVRWKHUHQGDQGWLSLWEDFNDQGIRUWKVHYHUDOWLPHV(PSW\WKH
ULQVDWHLQWRDSSOLFDWLRQHTXLSPHQWRUDPL[WDQNRUVWRUHULQVDWHIRUODWHUXVHRUGLVSRVDO5HSHDWWKLVSURFHGXUHWZRPRUH
WLPHV 2IIHU IRU UHF\FOLQJ LI DYDLODEOH RU SXQFWXUH DQG GLVSRVH RI FRQWDLQHU LQ D VDQLWDU\ ODQGILOO RU E\ RWKHU SURFHGXUHV
DSSURYHGE\VWDWHDQGORFDODXWKRULWLHV

5(),//$%/(&217$,1(55HILOOWKLVFRQWDLQHUZLWKSHVWLFLGHRQO\'RQRWUHXVHWKLVFRQWDLQHUIRUDQ\RWKHUSXUSRVH
&OHDQLQJWKHFRQWDLQHUEHIRUHILQDOGLVSRVDOLVWKHUHVSRQVLELOLW\RIWKHSHUVRQGLVSRVLQJRIWKHFRQWDLQHU&OHDQLQJEHIRUH
UHILOOLQJLVWKHUHVSRQVLELOLW\RIWKHUHILOOHU7RFOHDQWKHFRQWDLQHUEHIRUHILQDOGLVSRVDOHPSW\WKHUHPDLQLQJFRQWHQWVIURP
WKLVFRQWDLQHULQWRDSSOLFDWLRQHTXLSPHQWRUPL[WDQN)LOOWKHFRQWDLQHUDERXWSHUFHQWIXOOZLWKZDWHU$JLWDWHYLJRURXVO\
RUUHFLUFXODWHZDWHUZLWKWKHSXPSIRUPLQXWHV3RXURUSXPSULQVDWHLQWRDSSOLFDWLRQHTXLSPHQWRUULQVDWHFROOHFWLRQ
V\VWHP5HSHDWWKLVULQVLQJSURFHGXUHWZRPRUHWLPHV2IIHUIRUUHF\FOLQJLIDYDLODEOHRUSXQFWXUHDQGGLVSRVHRILQD
VDQLWDU\ODQGILOORUE\RWKHUSURFHGXUHVDSSURYHGE\VWDWHDQGORFDODXWKRULWLHV

&21',7,2162)6$/(±/,0,7(':$55$17<
$1'/,0,7$7,2162)/,$%,/,7<$1'5(0(',(6
5HDGWKH&RQGLWLRQVRI6DOH±:DUUDQW\DQG/LPLWDWLRQVRI/LDELOLW\DQG5HPHGLHVEHIRUHXVLQJWKLVSURGXFW,I
WKHWHUPVDUHQRWDFFHSWDEOHUHWXUQWKHSURGXFWXQRSHQHGDQGWKHIXOOSXUFKDVHSULFHZLOOEHUHIXQGHG

7KHGLUHFWLRQVRQWKLVODEHODUHEHOLHYHGWREHUHOLDEOHDQGPXVWEHIROORZHGFDUHIXOO\,QVXIILFLHQWFRQWURORISHVWVDQGRU
LQMXU\ WR WKH FURS WR ZKLFK WKH SURGXFW LV DSSOLHG PD\ UHVXOW IURP WKH RFFXUUHQFH RI H[WUDRUGLQDU\ RU XQXVXDO ZHDWKHU
FRQGLWLRQVRUWKHIDLOXUHWRIROORZWKHODEHOGLUHFWLRQVRUJRRGDSSOLFDWLRQSUDFWLFHVDOORIZKLFKDUHEH\RQGWKHFRQWURORI
+HOHQD$JUL(QWHUSULVHV//&WKH&RPSDQ\RUVHOOHU,QDGGLWLRQIDLOXUHWRIROORZODEHOGLUHFWLRQVPD\FDXVHLQMXU\WR
FURSVDQLPDOVPDQRUWKHHQYLURQPHQW7KH&RPSDQ\ ZDUUDQWVWKDWWKLVSURGXFWFRQIRUPVWRWKHFKHPLFDOGHVFULSWLRQ
RQWKHODEHO DQG LVUHDVRQDEO\ILWIRUWKHSXUSRVHUHIHUUHGWRLQ WKHGLUHFWLRQVIRUXVHVXEMHFWWR WKHIDFWRUVQRWHGDERYH
ZKLFK DUH EH\RQG WKH FRQWURO RI WKH &RPSDQ\ 7R WKH H[WHQW FRQVLVWHQW ZLWK DSSOLFDEOH ODZV WKH &RPSDQ\ PDNHV QR
RWKHU ZDUUDQWLHV RI DQ\ NLQG H[SUHVVHG RU LPSOLHG FRQFHUQLQJWKH SURGXFW LQFOXGLQJ QR LPSOLHG ZDUUDQW\ RI
PHUFKDQWDELOLW\RUILWQHVVIRUDQ\SDUWLFXODUSXUSRVH

7RWKHH[WHQWFRQVLVWHQWZLWKDSSOLFDEOHODZVWKHH[FOXVLYHUHPHG\DJDLQVWWKH&RPSDQ\IRUDQ\FDXVHRIDFWLRQUHODWLQJ
WRWKHKDQGOLQJRUXVHRIWKLVSURGXFWVKDOOEHOLPLWHGWRDW+HOHQD$JUL(QWHUSULVHV//&¶VHOHFWLRQRQHRIWKHIROORZLQJ
 5HIXQGRIWKHSXUFKDVHSULFHSDLGE\EX\HURUXVHUIRUSURGXFWERXJKWRU
 5HSODFHPHQWRIWKHSURGXFWXVHG
7RWKHH[WHQWFRQVLVWHQWZLWKDSSOLFDEOHODZWKH&RPSDQ\VKDOOQRWEHOLDEOHDQGDQ\DQGDOOFODLPVDJDLQVWWKH&RPSDQ\
DUHZDLYHGIRUVSHFLDOLQGLUHFWLQFLGHQWDORUFRQVHTXHQWLDOGDPDJHVRUH[SHQVHRIDQ\QDWXUHLQFOXGLQJEXWQRWOLPLWHG


)LOHQDPH2PQL2LO&/1GRF


WRORVVRISURILWVRULQFRPH7KH&RPSDQ\DQGWKHVHOOHURIIHUWKLVSURGXFWDQGWKHEX\HUDQGXVHUDFFHSWLWVXEMHFWWRWKH
IRUHJRLQJFRQGLWLRQVRIVDOHDQGOLPLWDWLRQRIZDUUDQW\OLDELOLW\DQGUHPHGLHV
‹&RS\ULJKW+HOHQD+ROGLQJ&RPSDQ\