a97107de46
Image rebuild (skip scrape) / build (push) Failing after 1h37m12s
Dockerfile: self-contained image with corpus + Chroma + BM25 baked in. Drawbar's compose pulls + runs without volume mounts. Built from sources.json (labels schema), PRODUCT_NAME=crop_chem by default, HYBRID_SEARCH=true (always-on for production quality). RERANK_URL + OLLAMA_URL get set at compose time. .gitea/workflows/refresh.yml: monthly cron (1st @ 06:00 UTC) does full scrape → reindex → image push. Scrapes Bayer (~30 min) + EPA PPLS row-crop filtered (~7h). Skips reindex+push if no corpus diff. Tags pushed: :latest, :<sha12>, :corpus-<YYYY.MM.DD>. .gitea/workflows/image-only.yml: on-demand or auto on code-only pushes to main (paths: docs_mcp/, rag/, scrape/, requirements.txt, Dockerfile, sources.json). Reindexes from committed corpus, builds image, pushes. ~10 min vs ~9h full refresh. .gitignore: corpus/ now COMMITTED (4,159 labels, 265 MB of .md + sidecars). Lets image-only.yml rebuild indexes without re-scraping. chroma/ + bm25/ still gitignored (regenerable binary indexes). .dockerignore: drops venv, eval results, PLAN/README/CLAUDE.md, deploy/, .git/ — keeps the image lean. corpus + chroma + bm25 explicitly NOT in dockerignore (those go INTO the image). Co-Authored-By: Claude Opus 4.7 (1M context) <noreply@anthropic.com>
1497 lines
65 KiB
Markdown
1497 lines
65 KiB
Markdown
# WILDCARD XTRA
|
||
|
||
- EPA Reg No: **5905-550**
|
||
- Registrant: HELENA AGRI-ENTERPRISES, LLC, D/B/A HELENA CHEMICAL COMP
|
||
- Signal word: Caution
|
||
- Active ingredients: MCPA, 2-ethylhexyl ester (34%); Bromoxynil octanoate (31.7%)
|
||
- Label accepted: 2022-12-21
|
||
- Source PDF: https://www3.epa.gov/pesticides/chem_search/ppls/005905-00550-20221221.pdf
|
||
|
||
---
|
||
UNITED STATES ENVIRONMENTAL PROTECTION AGENCY
|
||
WASHINGTON, DC 20460
|
||
|
||
|
||
|
||
OFFICE OF CHEMICAL SAFETY
|
||
AND POLLUTION PREVENTION
|
||
|
||
December 21, 2022
|
||
|
||
Bill Washburn
|
||
Registration Manager
|
||
Helena Agri-Enterprises, LLC
|
||
d/b/a Helena Chemical Company
|
||
225 Schilling Boulevard, Suite 300
|
||
Collierville, TN 38017
|
||
|
||
Subject: Registration Review Label Amendments Incorporating Mitigation from the
|
||
National Marine Fisheries Services (NMFS) Biological Opinions on the Effects of
|
||
Bromoxynil on Pacific Salmonids
|
||
Product Name: WILDCARD XTRA
|
||
EPA Registration Number: 5905-550
|
||
Application Date: 7/30/2021
|
||
Decision Number: 577427
|
||
|
||
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 NMFS’ Biological Opinion on the effects of Bromoxynil on Pacific salmonids. The
|
||
Agency 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
|
||
|
||
Page 2 of 2
|
||
EPA Reg. No. 5905-550
|
||
Decision No. 577427
|
||
|
||
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.
|
||
|
||
If you have any questions about this letter, please contact Quinn Gavin 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
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
%URPR[\QLO *5283 +(5%,&,'(
|
||
0&3$ *5283 +(5%,&,'(
|
||
:,/'&$5';75$
|
||
)25&21752/2)&(57$,1%52$'/($):(('6,160$//*5$,16:+($7%$5/(<2$76$1'5<(&216(59$7,21
|
||
5(6(59(352*5$0&53$5($6*5$66(6*52:1)256(('352'8&7,21$1')/$;
|
||
$&7,9(,1*5(',(176
|
||
2FWDQRLFDFLGRIHVWHURIEURPR[\QLOGLEURPR+\GUR[\EHQ]RQLWULOH«««««««««««««««««««««
|
||
|
||
,VRRFW\OHVWHURIPHWK\OFKORURSKHQR[\DFHWLFDFLG
|
||
|
||
«««««««««««««««««««««««««««««
|
||
|
||
|
||
27+(5,1*5(',(176««««««««««««««««««««««««««««««««««««««««««
|
||
727$/
|
||
&RQWDLQV3HWUROHXP'LVWLOODWH
|
||
|
||
%URPR[\QLORFWDQRDWHHTXLYDOHQWWRRIEURPR[\QLORUQRWOHVVWKDQSRXQGVRIEURPR[\QLOSHUJDOORQ
|
||
|
||
|
||
(TXLYDOHQWWRPHWK\OFKORURSKHQR[\DFHWLFDFLGRUQRWOHVVWKDQSRXQGV0&3$DFLGSHUJDOORQ
|
||
3DWHQW1R
|
||
.((32872)5($&+2)&+,/'5(1
|
||
&$87,2135(&$8&,21
|
||
6LXVWHGQRHQWLHQGHODHWLTXHWDEXVTXHDDOJXLHQSDUDTXHVHODH[SOLTXHDXVWHGHQGHWDOOH
|
||
,I\RXGRQRWXQGHUVWDQGWKHODEHOILQGVRPHRQHWRH[SODLQLWWR\RXLQGHWDLO
|
||
6((,16,'(%22./(7)25$'',7,21$/35(&$87,21$5<67$7(0(176$1'',5(&7,216)2586(
|
||
)RU&KHPLFDO6SLOO/HDN)LUHRU([SRVXUH&DOO&+(075(&
|
||
)RU0HGLFDO(PHUJHQFLHV2QO\&DOO
|
||
),567$,'
|
||
,) 6:$//2:(' x &DOODSRLVRQFRQWUROFHQWHURUGRFWRULPPHGLDWHO\IRUWUHDWPHQWDGYLFH
|
||
x +DYHSHUVRQVLSDJODVVRIZDWHULIDEOHWRVZDOORZ
|
||
x 'RQRWLQGXFHYRPLWLQJXQOHVVWROGWRGRVRE\WKHSRLVRQFRQWUROFHQWHURUGRFWRU
|
||
x 'RQRWJLYHDQ\WKLQJE\PRXWKWRDQXQFRQVFLRXVSHUVRQ
|
||
,),1(<(6 x +ROGH\HRSHQDQGULQVHVORZO\DQGJHQWO\ZLWKZDWHUIRUPLQXWHV
|
||
x 5HPRYHFRQWDFWOHQVHVLISUHVHQWDIWHUWKHILUVWPLQXWHVWKHQFRQWLQXHULQVLQJH\H
|
||
x &DOODSRLVRQFRQWUROFHQWHURUGRFWRUIRUWUHDWPHQWDGYLFH
|
||
,)216.,1 25
|
||
&/27+,1*
|
||
x 7DNHRIIFRQWDPLQDWHGFORWKLQJ
|
||
x 5LQVHVNLQLPPHGLDWHO\ZLWKSOHQW\RIZDWHUIRUPLQXWHV
|
||
x &DOODSRLVRQFRQWUROFHQWHURUGRFWRUIRUWUHDWPHQWDGYLFH
|
||
,),1+$/(' x 0RYHSHUVRQWRIUHVKDLU
|
||
x ,ISHUVRQLVQRWEUHDWKLQJFDOORUDQDPEXODQFHWKHQJLYHDUWLILFLDOUHVSLUDWLRQSUHIHUDEO\E\PRXWKWR
|
||
PRXWKLISRVVLEOH
|
||
x &DOODSRLVRQFRQWUROFHQWHURUGRFWRUIRUIXUWKHUWUHDWPHQWDGYLFH
|
||
+27/,1(180%(5
|
||
+DYH WKHSURGXFWFRQWDLQHURUODEHOZLWK\RXZKHQFDOOLQJDSRLVRQFRQWUROFHQWHURUGRFWRURUJRLQJIRUWUHDWPHQW<RXPD\DOVRFRQWDFW
|
||
IRUHPHUJHQF\PHGLFDOWUHDWPHQWLQIRUPDWLRQ
|
||
1RWHWR3K\VLFLDQ0D\SRVHDQDVSLUDWLRQSQHXPRQLDKD]DUG&RQWDLQVSHWUROHXPGLVWLOODWH
|
||
(3$5HJ1R1 ( 7 & 2 1 7 ( 1 7 6 BBBBBBBB*$//216
|
||
(3$(VW1R,/$ '
|
||
|
||
0 $18)$&785(')25
|
||
+ ( / ( 1 $ $ * 5 , ( 1 7 ( 5 3 5 , 6 ( 6 / / &
|
||
6&+,//,1*%28/(9$5'68,7(
|
||
& 2 / / , ( 5 9 , / / ( 7 1
|
||
Dec 21, 2022
|
||
5905-550
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
35(&$87,21$5<67$7(0(176
|
||
+$=$5'672+80$16$1''20(67,&$1,0$/6
|
||
&$87,21
|
||
+DUPIXOLIVZDOORZHG&DXVHVPRGHUDWHH\HLUULWDWLRQ$YRLGFRQWDFWZLWKH\HVRUFORWKLQJ$YRLGEUHDWKLQJVSUD\PLVW
|
||
|
||
3(5621$/3527(&7,9((48,30(1733(
|
||
|
||
$OOPL[HUVORDGHUVDSSOLFDWRUVIODJJHUVDQGRWKHUKDQGOHUVPXVWZHDU
|
||
/RQJVOHHYHGVKLUWDQGORQJSDQWV
|
||
6KRHVDQGVRFNV
|
||
&KHPLFDO UHVLVWDQW JORYHV PDGH RI EDUULHU ODPLQDWH EXW\O UXEEHU PLOV QLWULOH UXEEHU PLOV RU 9LWRQ ZKHQ
|
||
FOHDQLQJHTXLSPHQWPL[LQJRUORDGLQJDQ\KDQGKHOGHTXLSPHQW
|
||
&KHPLFDOUHVLVWDQWDSURQZKHQDSSO\LQJZLWKDQ\KDQGKHOGQR]]OHRUHTXLSPHQWPL[LQJRUORDGLQJFOHDQLQJXSVSLOOV
|
||
RUHTXLSPHQWRURWKHUZLVHH[SRVHGWRWKHFRQFHQWUDWH
|
||
3URWHFWLYHH\HZHDUJRJJOHVRUIDFHVKLHOG
|
||
|
||
|
||
86(56$)(7<5(48,5(0(176
|
||
)ROORZPDQXIDFWXUHU¶VLQVWUXFWLRQVIRUFOHDQLQJPDLQWDLQLQJ33(,IQRVXFKLQVWUXFWLRQVIRUZDVKDEOHVH[LVWXVHGHWHUJHQW
|
||
DQGKRWZDWHU.HHSDQGZDVK33(VHSDUDWHO\IURPRWKHUODXQGU\
|
||
|
||
(1*,1((5,1*&21752/6)25$(5,$/$33/,&$7,216
|
||
(QFORVHG&RFNSLWV(QJLQHHULQJ&RQWUROV3LORWVPXVWXVHDQHQFORVHGFRFNSLWWKDWPHHWVWKHUHTXLUHPHQWVOLVWHGLQWKH:36
|
||
IRUDJULFXOWXUDOSHVWLFLGHV>&)5G
|
||
+DQGOHUVPXVWXVHFORVHGPL[LQJORDGLQJV\VWHPVGXULQJPL[LQJDQGORDGLQJOLTXLGVIRUDHULDODSSOLFDWLRQWREDUOH\IOD[
|
||
RDWVSDVWXUHDQGUDQJHODQGJUDVVU\HZKHDWDQGJUDVVJURZQIRUVHHG
|
||
|
||
8VHU6DIHW\5HFRPPHQGDWLRQV
|
||
8VHUVVKRXOG
|
||
x:DVKKDQGVEHIRUHHDWLQJGULQNLQJFKHZLQJJXPXVLQJWREDFFRRUXVLQJWKHWRLOHW
|
||
x5HPRYHFORWKLQJ33(LPPHGLDWHO\LISHVWLFLGHJHWVLQVLGH7KHQZDVKWKRURXJKO\DQGSXWRQFOHDQFORWKLQJ
|
||
x5HPRYH33(LPPHGLDWHO\DIWHUKDQGOLQJWKLVSURGXFW:DVKWKHRXWVLGHRIJORYHVEHIRUHUHPRYLQJ$VVRRQDV
|
||
SRVVLEOHZDVKWKRURXJKO\DQGFKDQJHLQWRFOHDQFORWKLQJ
|
||
|
||
(19,5210(17$/+$=$5'6
|
||
7KLVSHVWLFLGHLVWR[LFWRZLOGOLIHDQGILVK'RQRWDSSO\GLUHFWO\WRZDWHURUWRDUHDVZKHUHVXUIDFHZDWHULVSUHVHQWRUWR
|
||
LQWHUWLGDODUHDVEHORZWKHPHDQKLJKZDWHUPDUN'RQRWFRQWDPLQDWHZDWHUZKHQGLVSRVLQJRIHTXLSPHQWZDVKZDWHURU
|
||
ULQVDWH'ULIWDQGUXQRIIPD\EHKD]DUGRXVWRDTXDWLFRUJDQLVPVLQZDWHUDGMDFHQWWRWUHDWHGDUHDV5XQRIIRIWKLVSURGXFW
|
||
ZLOOEHUHGXFHGE\DYRLGLQJDSSOLFDWLRQVZKHQUDLQIDOOLVIRUHFDVWHGWRRFFXUZLWKLQKRXUV
|
||
|
||
5HSRUWLQJ(FRORJLFDO,QFLGHQWV
|
||
7RUHSRUWHFRORJLFDOLQFLGHQWVLQFOXGLQJPRUWDOLW\LQMXU\RUKDUPWRSODQWVDQGDQLPDOVFDOO
|
||
|
||
1RQ7DUJHW2UJDQLVP$GYLVRU\
|
||
6WDWHPHQW7KLVSURGXFWLVWR[LFWRSODQWVDQGPD\DGYHUVHO\LPSDFWWKHIRUDJHDQGKDELWDW
|
||
RIQRQWDUJHW RUJDQLVPVLQFOXGLQJSROOLQDWRUVLQDUHDVDGMDFHQWWRWKHWUHDWHGVLWH3URWHFW WKHIRUDJHDQGKDELWDWRIQRQ
|
||
WDUJHW RUJDQLVPVE\IROORZLQJODEHOGLUHFWLRQVLQWHQGHGWRPLQLPL]HVSUD\GULIW
|
||
|
||
0&3$LVNQRZQWROHDFKWKURXJKVRLOLQWRJURXQGZDWHUXQGHUFHUWDLQFRQGLWLRQVDVDUHVXOWRIODEHOXVH7KLVFKHPLFDOPD\
|
||
OHDFKLQWRJURXQGZDWHULIXVHGLQDUHDVZKHUHVRLOVDUHSHUPHDEOHSDUWLFXODUO\ZKHUHWKHZDWHUWDEOHLVVKDOORZ
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
7KLVFKHPLFDOKDVSURSHUWLHVDQGFKDUDFWHULVWLFVDVVRFLDWHGZLWKFKHPLFDOVGHWHFWHGLQJURXQGZDWHU7KHXVHRIWKLV
|
||
FKHPLFDOLQDUHDVZKHUHVRLOVDUHSHUPHDEOHSDUWLFXODUO\ZKHUHWKHZDWHUWDEOHLVVKDOORZPD\UHVXOWLQJURXQGZDWHU
|
||
FRQWDPLQDWLRQ
|
||
|
||
7KLVSURGXFWPD\LPSDFWVXUIDFHZDWHUTXDOLW\GXHWRUXQRIIRIUDLQZDWHU7KLVLVHVSHFLDOO\WUXHIRUSRRUO\GUDLQLQJVRLOVDQG
|
||
VRLOVZLWKVKDOORZJURXQGZDWHU
|
||
|
||
7KLVSURGXFWLVFODVVLILHGDVKDYLQJKLJKSRWHQWLDOIRUUHDFKLQJVXUIDFHZDWHUYLDUXQRIIIRUVHYHUDOPRQWKVRUPRUHDIWHU
|
||
DSSOLFDWLRQ
|
||
|
||
$OHYHOZHOOPDLQWDLQHGYHJHWDWLYHEXIIHUVWULSEHWZHHQDUHDVWRZKLFKWKLVSURGXFWLVDSSOLHGDQGVXUIDFHZDWHUIHDWXUHV
|
||
VXFKDVSRQGVVWUHDPVDQGVSULQJVZLOOUHGXFHWKHSRWHQWLDOORDGLQJRI0&3$IURPUXQRIIZDWHUDQGVHGLPHQW5XQRIIRI
|
||
WKLVSURGXFWZLOOEHUHGXFHGE\DYRLGLQJDSSOLFDWLRQVZKHQUDLQIDOORULUULJDWLRQLVH[SHFWHGWRRFFXUZLWKLQKRXUV
|
||
|
||
'RQRWGLVFKDUJHHIIOXHQWFRQWDLQLQJWKLVSURGXFWLQWRODNHVVWUHDPVSRQGVHVWXDULHVRFHDQVRURWKHUZDWHUVXQOHVVLQ
|
||
DFFRUGDQFHZLWKWKHUHTXLUHPHQWVRID1DWLRQDO3ROOXWLRQ'LVFKDUJH(OLPLQDWLRQ6\VWHP13'(6SHUPLWDQGWKHSHUPLWWLQJ
|
||
DXWKRULW\KDVEHHQQRWLILHGLQZULWLQJSULRUWRGLVFKDUJH'RQRWGLVFKDUJHHIIOXHQWFRQWDLQLQJWKLVSURGXFWWRVHZHUV\VWHPV
|
||
ZLWKRXWSUHYLRXVO\QRWLI\LQJWKHORFDOVHZDJHWUHDWPHQWSODQWDXWKRULW\)RUJXLGDQFHFRQWDFW\RXU6WDWH:DWHU%RDUGRU
|
||
5HJLRQDO2IILFHRIWKH(3$
|
||
|
||
3+<6,&$/$1'&+(0,&$/+$=$5'6
|
||
'RQRWXVHRUVWRUHQHDUKHDWRURSHQIODPH'RQRWFXWRUZHOGFRQWDLQHU
|
||
|
||
:,/'&$5';75$+HUELFLGHFRQWDLQVORZYRODWLOHLVRRFW\OHVWHURI0&3$$WKLJKDLURUJURXQGVXUIDFHWHPSHUDWXUHV
|
||
YDSRUVIURPWKLVSURGXFWPD\FDXVHLQMXU\WRVXVFHSWLEOHSODQWV7KLVIDFWVKRXOGEHFRQVLGHUHGZKHQDSSO\LQJ
|
||
:,/'&$5';75$
|
||
|
||
',5(&7,216)2586(
|
||
,WLVDYLRODWLRQRIIHGHUDOODZWRXVHWKLVSURGXFWLQDPDQQHULQFRQVLVWHQWZLWKLWVODEHOLQJ5HDGHQWLUHODEHOEHIRUHXVLQJ
|
||
WKLVSURGXFW
|
||
|
||
'RQRWDSSO\WKLVSURGXFWLQDZD\WKDWZLOOFRQWDFWZRUNHUVRURWKHUSHUVRQVHLWKHUGLUHFWO\RUWKURXJKGULIW2QO\SURWHFWHG
|
||
KDQGOHUVPD\EHLQWKHDUHDGXULQJDSSOLFDWLRQ)RUDQ\UHTXLUHPHQWVVSHFLILFWR\RXU6WDWHRU7ULEHFRQVXOWWKHDJHQF\
|
||
UHVSRQVLEOHIRUSHVWLFLGHUHJXODWLRQ
|
||
|
||
(QGDQJHUHG6SHFLHV3URWHFWLRQ5HTXLUHPHQWV
|
||
,WLVD)HGHUDORIIHQVHWRXVHDQ\SHVWLFLGHLQDPDQQHUWKDWUHVXOWVLQDQXQDXWKRUL]HG³WDNH´HJNLOORURWKHUZLVHKDUP
|
||
RIDQHQGDQJHUHGVSHFLHVDQGFHUWDLQWKUHDWHQHGVSHFLHVXQGHUWKH(QGDQJHUHG6SHFLHV$FWVHFWLRQ:KHQXVLQJWKLV
|
||
SURGXFW\RXPXVWIROORZWKHPHDVXUHVFRQWDLQHGLQWKH(QGDQJHUHG6SHFLHV3URWHFWLRQ%XOOHWLQIRUWKHDUHDLQZKLFK\RX
|
||
DUHDSSO\LQJWKHSURGXFW<RXPXVWREWDLQD%XOOHWLQQRHDUOLHUWKDQVL[PRQWKVEHIRUHXVLQJWKLVSURGXFW7RREWDLQ
|
||
%XOOHWLQVFRQVXOWKWWSZZZHSDJRYHVSSFDOORUHPDLO(633#HSDJRY<RXPXVWXVHWKH%XOOHWLQ
|
||
YDOLGIRUWKHPRQWKLQZKLFK\RXZLOODSSO\WKHSURGXFW
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
|
||
$*5,&8/785$/86(5(48,5(0(176
|
||
8VHWKLVSURGXFWRQO\LQDFFRUGDQFHZLWKLWVODEHOLQJDQGZLWKWKH:RUNHU3URWHFWLRQ6WDQGDUG&)5SDUWV7KLV
|
||
VWDQGDUGFRQWDLQVUHTXLUHPHQWVIRUWKHSURWHFWLRQRIDJULFXOWXUDOZRUNHUVRQIDUPVIRUHVWVQXUVHULHVDQGJUHHQKRXVHVDQG
|
||
KDQGOHUVRIDJULFXOWXUDOSHVWLFLGHV,WFRQWDLQVUHTXLUHPHQWVIRUWUDLQLQJGHFRQWDPLQDWLRQQRWLILFDWLRQDQGHPHUJHQF\
|
||
DVVLVWDQFH,WDOVRFRQWDLQVVSHFLILFLQVWUXFWLRQVDQGH[FHSWLRQVSHUWDLQLQJWRWKHVWDWHPHQWVRQWKLVODEHODERXWSHUVRQDO
|
||
SURWHFWLYHHTXLSPHQW33(DQGUHVWULFWHGHQWU\LQWHUYDO7KHUHTXLUHPHQWVLQWKLVER[RQO\DSSO\WRXVHVRIWKLVSURGXFW
|
||
WKDWDUHFRYHUHGE\WKH:RUNHU3URWHFWLRQ6WDQGDUG
|
||
|
||
'RQRWHQWHURUDOORZZRUNHUHQWU\LQWRWUHDWHGDUHDVGXULQJWKHUHVWULFWHGHQWU\LQWHUYDO5(,RIKRXUV
|
||
'RQRWHQWHURUDOORZZRUNHUHQWU\LQWRWUHDWHGDUHDVGXULQJWKHUHVWULFWHGHQWU\LQWHUYDO5(,RIGD\VIRUJUDVV
|
||
'RQRWHQWHURUDOORZZRUNHUHQWU\LQWRWUHDWHGDUHDVGXULQJWKHUHVWULFWHGHQWU\LQWHUYDO5(,RIKRXUVIRUVRG
|
||
7KHUHVWULFWHGHQWU\LQWHUYDO5(,IRUFRWWRQLVGD\VDQGLQFOXGHVVFRXWVDQGFURSDGYLVRUV7KHH[HPSWLRQLQWKH:RUNHU
|
||
3URWHFWLRQ6WDQGDUGIRUFHUWLILHGFURSDGYLVRUVGRHVQRWDSSO\WREURPR[\QLO6FRXWVDQGFURSDGYLVRUVDUHSURKLELWHGIURP
|
||
HQWHULQJWKHWUHDWHGDUHDGXULQJWKHHQWLUHGD\5(,IRUEURPR[\QLO$SSOLFDWRUVDQGRWKHUXVHUVPXVWLQIRUPFURSDGYLVRUV
|
||
DQGVFRXWVRIWKLVUHTXLUHPHQW
|
||
|
||
33(UHTXLUHGIRUHDUO\HQWU\WRWUHDWHGDUHDVWKDWLVSHUPLWWHGXQGHUWKH:RUNHU3URWHFWLRQ6WDQGDUGDQGWKDWLQYROYHV
|
||
FRQWDFWZLWKDQ\WKLQJWKDWKDVEHHQWUHDWHGVXFKDVSODQWVVRLORUZDWHULVFRYHUDOOVRYHUDORQJVOHHYHGVKLUWDQGORQJ
|
||
SDQWVFKHPLFDOUHVLVWDQWJORYHVPDGHRIEDUULHUODPLQDWHEXW\OUXEEHUPLOVQLWULOHUXEEHUPLOVRU9LWRQFKHPLFDO
|
||
UHVLVWDQWIRRWZHDUSOXVVRFNVFKHPLFDOUHVLVWDQWKHDGJHDUIRURYHUKHDGH[SRVXUHDQGSURWHFWLYHH\HZHDU
|
||
|
||
121$*5,&8/785$/86(5(48,5(0(176
|
||
7KHUHTXLUHPHQWVLQWKLVER[DSSO\WRXVHVRIWKLVSURGXFWWKDWDUH127ZLWKLQWKHVFRSHRIWKH:RUNHU3URWHFWLRQ6WDQGDUGIRU
|
||
DJULFXOWXUDOSHVWLFLGHV&)53DUW7KH:36DSSOLHVZKHQWKLVSURGXFWLVXVHGWRSURGXFHDJULFXOWXUDOSODQWVRQIDUPV
|
||
IRUHVWVQXUVHULHVRUJUHHQKRXVHV
|
||
|
||
'RQRWHQWHURUDOORZRWKHUVWRHQWHUXQWLOVSUD\VKDYHGULHG
|
||
|
||
5(675,&7,216
|
||
(1*,1((5,1*&21752/6)25$(5,$/$33/,&$7,216
|
||
(QFORVHG&RFNSLWV(QJLQHHULQJ&RQWUROV3LORWVPXVWXVHDQHQFORVHGFRFNSLWWKDWPHHWVWKHUHTXLUHPHQWVOLVWHGLQWKH:36
|
||
IRUDJULFXOWXUDOSHVWLFLGHV>&)5G
|
||
+DQGOHUVPXVWXVHFORVHGPL[LQJORDGLQJV\VWHPVGXULQJPL[LQJDQGORDGLQJOLTXLGVIRUDHULDODSSOLFDWLRQWREDUOH\IOD[
|
||
RDWVSDVWXUHDQGUDQJHODQGJUDVVU\HZKHDWDQGJUDVVJURZQIRUVHHG
|
||
|
||
|
||
352'8&7,1)250$7,21
|
||
:,/'&$5';75$LVIRUPXODWHGDVDQHPXOVLILDEOHFRQFHQWUDWHFRQWDLQLQJWKHHTXLYDOHQWRIOEVSHUJDOORQRI
|
||
EURPR[\QLODQGSRXQGVSHUJDOORQRI0&3$
|
||
|
||
:,/'&$5';75$LVDVHOHFWLYHSRVWHPHUJHQFHKHUELFLGHIRUFRQWURORILPSRUWDQWEURDGOHDIZHHGVLQIHVWLQJVPDOOJUDLQV
|
||
ZKHDWEDUOH\RDWVU\HFRQVHUYDWLRQUHVHUYHSURJUDPDUHDVDQGJUDVVJURZQIRUVHHG2SWLPXPZHHGFRQWUROLV
|
||
REWDLQHGZKHQ:,/'&$5';75$LVDSSOLHGWRDFWLYHO\JURZLQJZHHGVHHGOLQJV:,/'&$5';75$LVSULPDULO\D
|
||
FRQWDFWKHUELFLGHWKHUHIRUHWKRURXJKFRYHUDJHRIWKHZHHGVHHGOLQJVLVHVVHQWLDOIRURSWLPXPFRQWURO
|
||
|
||
:,/'&$5';75$KDVOLWWOHUHVLGXDODFWLYLW\7KHUHIRUHVXEVHTXHQWIOXVKHVRIZHHGVZLOOQRWEHFRQWUROOHGE\WKHLQLWLDO
|
||
WUHDWPHQW
|
||
|
||
*HQHUDOO\FURSVWKDWIRUPDJRRGFDQRS\ZLOOKHOSVKDGHVXEVHTXHQWZHHGIOXVKHV+RZHYHUFHUWDLQFURSVRUVKRUWVWUDZ
|
||
YDULHWLHVIRUH[DPSOH<DFFRUD5RMRZKHDWPD\QRWGHYHORSWKHFURSFDQRS\IDVWHQRXJKWRVKDGHWKHVXEVHTXHQWIOXVKHV
|
||
RIZHHGV
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
|
||
2FFDVLRQDOWUDQVLWRU\OHDIEXUQPD\RFFXU7KHWHPSRUDU\OHDIEXUQLVVLPLODUWRWKDWVHHQZLWKOLTXLGIHUWLOL]HU%HFDXVHWKH
|
||
DFWLYLW\RI:,/'&$5';75$LVPDLQO\FRQWDFWUHFRYHU\RIWKHFURSLVJHQHUDOO\UDSLGZLWKQRODVWLQJHIIHFW)UHTXHQF\
|
||
DQGDPRXQWRIOHDIEXUQPD\EHJUHDWHUZKHQFURSVDUHVWUHVVHGE\DEUDVLYHZLQGVFRROWRFROGHYHQLQJWHPSHUDWXUHVRU
|
||
PHFKDQLFDOLQMXU\VXFKDVWKDWFDXVHGE\KDLOVOHHWRULQVHFWIHHGLQJ7RUHGXFHWKHSRWHQWLDOIRUWHPSRUDU\OHDIEXUQ
|
||
DSSOLFDWLRQVVKRXOGEHPDGHWRGU\IROLDJHLQWKHUHFRPPHQGHGVSUD\YROXPHVSHUDFUHZKHQZHDWKHUFRQGLWLRQVDUHQRW
|
||
H[WUHPH
|
||
|
||
0,;,1*/2$',1*$1'+$1'/,1*,16758&7,216
|
||
*DOORQ&RQWDLQHUV
|
||
,WLVVWURQJO\UHFRPPHQGHGWKDWVSHFLDOFDUHEHWDNHQLQPL[LQJDQGORDGLQJWKLVSURGXFW+DQGVVKRXOGEHSODFHGRQWKH
|
||
FRQWDLQHULQVXFKDZD\DVWRDYRLGSRVVLEOHGULSRUVSODVK
|
||
|
||
*DOORQDQG%XON&RQWDLQHUV
|
||
,I\RXZLOOKDQGOHDWRWDORIJDOORQVRUPRUHRIWKLVSURGXFWSHUGD\\RXPXVWXVHDPHFKDQLFDOWUDQVIHUV\VWHPIRUDOO
|
||
PL[LQJDQGORDGLQJRSHUDWLRQV,IWKLVSURGXFWLVSDFNDJHGLQDJDOORQGUXP\RXPXVWXVHDPHFKDQLFDOWUDQVIHUV\VWHP
|
||
ZKLFKWHUPLQDWHVLQDGULSIUHHKDUGFRXSOLQJZKLFKPD\EHXVHGRQO\ZLWKDVSUD\RUPL[WDQNZKLFKKDVEHHQILWWHGZLWKD
|
||
FRPSDWLEOHFRXSOLQJ,I\RXGRQRWSUHVHQWO\RZQRUKDYHDFFHVVWRDPHFKDQLFDOWUDQVIHUV\VWHPZLWKWKLVW\SHRIFRXSOLQJ
|
||
FRQWDFW\RXUGHDOHUIRULQIRUPDWLRQRQKRZWRREWDLQVXFKDV\VWHPRUWRPRGLI\\RXUSUHVHQWV\VWHP:KHQXVLQJD
|
||
PHFKDQLFDOWUDQVIHUV\VWHPGRQRWUHPRYHRUGLVFRQQHFWWKHSXPSRUSUREHIURPWKHFRQWDLQHUXQWLOWKHFRQWDLQHUKDVEHHQ
|
||
HPSWLHGDQGULQVHG7KHSXPSRUSUREHV\VWHPPXVWEHXVHGWRULQVHWKHHPSW\FRQWDLQHUDQGWRWUDQVIHUWKHULQVDWH
|
||
GLUHFWO\WRWKHPL[LQJRUVSUD\WDQN
|
||
|
||
:,/'&$5';75$$/21()LOOWKHVSUD\WDQNWRIXOOZLWKFOHDQZDWHU%HJLQDJLWDWLRQDQGDGGWKHUHFRPPHQGHG
|
||
DPRXQWRI:,/'&$5';75$$GGZDWHUWRWKHVSUD\WDQNWRWKHGHVLUHGOHYHO0DLQWDLQVXIILFLHQWDJLWDWLRQWRHQVXUHD
|
||
XQLIRUPVSUD\PL[WXUHGXULQJDSSOLFDWLRQ
|
||
|
||
7$1.0,;785(6,WLVWKHSHVWLFLGHXVHU¶VUHVSRQVLELOLW\WRHQVXUHWKDWDOOSURGXFWVDUHUHJLVWHUHGIRUWKHLQWHQGHGXVH
|
||
5HDGDQGIROORZWKHDSSOLFDEOHUHVWULFWLRQVDQGOLPLWDWLRQVDQGGLUHFWLRQVIRUXVHRQDOOSURGXFWODEHOVLQYROYHGLQWDQN
|
||
PL[LQJ8VHUVPXVWIROORZWKHPRVWUHVWULFWLYHGLUHFWLRQVIRUXVHDQGSUHFDXWLRQDU\VWDWHPHQWVRIHDFKSURGXFWLQWKHWDQN
|
||
PL[WXUH:,/'&$5';75$FDQEHDSSOLHGLQWDQNPL[WXUHZLWKPDQ\RWKHUKHUELFLGHVDQGLQVHFWLFLGHVUHJLVWHUHGIRUXVH
|
||
RQDSSURYHGFURSV5HIHUWRWKHVSHFLILFFURSVHFWLRQIRUUDWHVSHFLILFDWLRQVDQGRWKHUUHVWULFWLRQV7RDSSO\:,/'&$5'
|
||
;75$LQPL[WXUHZLWKDQRWKHUSURGXFWILOOWKHVSUD\WDQNWRIXOOZLWKFOHDQZDWHUDQGEHJLQDJLWDWLRQ,IWDQNPL[LQJ
|
||
ZLWKZHWWDEOHSRZGHUVROXEOHSRZGHUIORZDEOHRUGU\IORZDEOHSURGXFWVDGGWKHSRZGHURUIORZDEOHSURGXFWILUVW$IWHUWKH
|
||
RWKHUKHUELFLGHLVWKRURXJKO\PL[HGZLWKZDWHUDGGWKHVSHFLILHGDPRXQWRI:,/'&$5';75$DQGDGGZDWHUWRWKHVSUD\
|
||
WDQNWRWKHGHVLUHGOHYHO,IWDQNPL[LQJZLWKRWKHUSURGXFWW\SHVDGGWKH:,/'&$5';75$ILUVWEHIRUHDGGLQJWKHRWKHU
|
||
SURGXFW$OZD\VPL[RQHSURGXFWLQZDWHUWKRURXJKO\EHIRUHDGGLQJDQRWKHUSURGXFWRUFRPSDWLELOLW\SUREOHPVPD\RFFXU
|
||
1HYHUPL[WZRSURGXFWVWRJHWKHUZLWKRXWILUVWPL[LQJLQZDWHU
|
||
|
||
0DLQWDLQVXIILFLHQWDJLWDWLRQZKLOHPL[LQJDQGGXULQJDSSOLFDWLRQWRHQVXUHDXQLIRUPVSUD\PL[WXUH,IVSUD\PL[WXUHLV
|
||
DOORZHGWRUHPDLQZLWKRXWDJLWDWLRQIRUVKRUWSHULRGVRIWLPHEHVXUHWRDJLWDWHXQWLOXQLIRUPO\PL[HGEHIRUHDSSOLFDWLRQ
|
||
|
||
,IWDQNPL[LQJZLWKSURGXFWVRWKHUWKDQWKRVHOLVWHGZLWKLQHDFKFURSVHFWLRQDFRPSDWLELOLW\WHVWLVUHFRPPHQGHGWRHQVXUH
|
||
VDWLVIDFWRU\VSUD\SUHSDUDWLRQ7RWHVWIRUFRPSDWLELOLW\XVHDVPDOOFRQWDLQHUDQGPL[DVPDOODPRXQWWRTXDUWRI
|
||
VSUD\FRPELQLQJDOOLQJUHGLHQWVLQWKHVDPHUDWLRDVWKHDQWLFLSDWHGXVH,IDQ\LQGLFDWLRQVRISK\VLFDOLQFRPSDWLELOLW\
|
||
GHYHORSGRQRWXVHWKLVPL[WXUHIRUVSUD\LQJ,QGLFDWLRQVRILQFRPSDWLELOLW\XVXDOO\ZLOODSSHDUZLWKLQWRPLQXWHVDIWHU
|
||
PL[LQJ7RHQVXUHPD[LPXPFURSVDIHW\DQGZHHGFRQWUROIROORZDOOFDXWLRQVDQGOLPLWDWLRQVRQWKLVODEHODQGWKHODEHOVRI
|
||
SURGXFWVXVHGLQWKHWDQNPL[WXUHZLWK
|
||
:,/'&$5';75$
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
635$<$%/(/,48,')(57,/,=(56$1'635$<$'',7,9(6
|
||
:,/'&$5';75$FDQEHDSSOLHGLQFRPELQDWLRQZLWKVSUD\DEOHOLTXLGIHUWLOL]HURUVSUD\DGGLWLYHVVXFKDVVXUIDFWDQWVRU
|
||
FURSRLOFRQFHQWUDWH:KHQWDQNPL[LQJZLWKOLTXLGIHUWLOL]HUDOZD\VDGGWKHIHUWLOL]HUWRWKHVSUD\WDQNILUVWDQGDJLWDWH
|
||
WKRURXJKO\EHIRUHDGGLQJ:,/'&$5';75$$OZD\VSUHGHWHUPLQHWKHFRPSDWLELOLW\ZLWKOLTXLGIHUWLOL]HUE\PL[LQJVPDOO
|
||
SURSRUWLRQDOTXDQWLWLHVLQDGYDQFH$JLWDWLRQPXVWEHPDLQWDLQHGGXULQJILOOLQJDQGDSSOLFDWLRQRSHUDWLRQVWRHQVXUHWKDW
|
||
:,/'&$5';75$LVHYHQO\PL[HGZLWKWKHIHUWLOL]HU/HDIEXUQPD\RFFXUZKHQ:,/'&$5';75$LVDSSOLHGZLWKOLTXLG
|
||
IHUWLOL]HUEXWQHZOHDYHVDUHQRWDGYHUVHO\DIIHFWHG
|
||
|
||
35(&$87,21)HUWLOL]HUVDQGVSUD\DGGLWLYHVFDQLQFUHDVHIROLDJHOHDIEXUQZKHQDSSOLHGZLWK:,/'&$5';75$'R
|
||
QRWDSSO\IHUWLOL]HUVRUVSUD\DGGLWLYHVZLWK:,/'&$5';75$LIOHDIEXUQLVDPDMRUFRQFHUQGXHWRHQYLURQPHQWDO
|
||
FRQGLWLRQVFURSRUYDULHW\VHQVLWLYLW\WR:,/'&$5';75$
|
||
|
||
$33/,&$7,21352&('85(6
|
||
:,/'&$5';75$FDQEHDSSOLHGWRUHJLVWHUHGXVHDUHDVE\JURXQGDHULDODQGVSULQNOHULUULJDWLRQHTXLSPHQW
|
||
|
||
*5281'$33/,&$7,21
|
||
8VHDVWDQGDUGKHUELFLGHERRPVSUD\HUWKDWSURYLGHVXQLIRUPDQGDFFXUDWHDSSOLFDWLRQ6SUD\HUVKRXOGEHHTXLSSHGZLWK
|
||
VFUHHQVQRILQHUWKDQPHVKLQWKHQR]]OHWLSVDQGLQOLQHVWUDLQHUV
|
||
|
||
6HOHFWDVSUD\YROXPHDQGGHOLYHU\V\VWHPWKDWZLOOHQVXUHWKRURXJKDQGXQLIRUPVSUD\FRYHUDJH)RURSWLPXPVSUD\
|
||
GLVWULEXWLRQDQGWKRURXJKFRYHUDJHXVHRIIODWIDQQR]]OHVPD[LPXPWLSVL]HZLWKDVSUD\SUHVVXUHRISVLDUH
|
||
UHFRPPHQGHG2WKHUQR]]OHW\SHVDQGORZHUVSUD\SUHVVXUHVWKDWSURGXFHFRDUVHVSUD\GURSOHWVPD\QRWSURYLGHDGHTXDWH
|
||
FRYHUDJHRIWKHZHHGVWRHQVXUHRSWLPXPFRQWURO5DLQGURSQR]]OHVDQGIORRGQR]]OHVDUHQRWUHFRPPHQGHGDVZHHG
|
||
FRQWUROZLWK
|
||
:,/'&$5';75$PD\EHUHGXFHG
|
||
|
||
,QJHQHUDODVSUD\YROXPHRIWRJDOORQVSHUDFUH*3$LVUHFRPPHQGHGIRURSWLPXPVSUD\FRYHUDJH$PLQLPXPRI
|
||
*3$ZLWKDPLQLPXPVSUD\SUHVVXUHRISVLDQGDPD[LPXPJURXQGVSHHGRIPSKPD\EHXVHGZLWKKLJKHUVSHHG
|
||
ORZYROXPHJURXQGDSSOLFDWLRQLIJURXQGWHUUDLQFURSDQGZHHGGHQVLW\DOORZHIIHFWLYHVSUD\GLVWULEXWLRQ:KHQXVLQJKLJKHU
|
||
VSHHGHTXLSPHQWDPD[LPXPJURXQGVSHHGRIPSKLVVXJJHVWHGLIILHOGFRQGLWLRQVFDXVHH[FHVVLYHERRPPRYHPHQW
|
||
GXULQJDSSOLFDWLRQZKLFKUHVXOWVLQSRRUVSUD\FRYHUDJH*URXQGDSSOLFDWLRQVPDGHZKHQGU\GXVW\ILHOGFRQGLWLRQVH[LVW
|
||
PD\SURYLGHUHGXFHGZHHGFRQWUROLQZKHHOWUDFNDUHDV$SSOLFDWLRQVXVLQJOHVVWKDQJDOORQVSHUDFUHPD\UHVXOWLQ
|
||
UHGXFHGZHHGFRQWURO
|
||
|
||
:KHQZHHGLQIHVWDWLRQVDUHKHDY\XVHRIKLJKHUVSUD\YROXPHVDQGVSUD\SUHVVXUHZLOOEHKHOSIXOLQREWDLQLQJXQLIRUP
|
||
ZHHGFRYHUDJH:KHQFRUQRUJUDLQVRUJKXPDUHODUJHHQRXJKWRLQWHUIHUHZLWKWKHVSUD\SDWWHUQGURSQR]]OHVVKRXOGEH
|
||
XVHGWRREWDLQXQLIRUPZHHGFRYHUDJH,I\RXDUHXQVXUHRIWKHLQIHVWDWLRQOHYHORUVL]HRIFURSFRQVXOW\RXUORFDOH[WHQVLRQ
|
||
VHUYLFH
|
||
|
||
'RQRWDSSO\ZKHQZLQGVDUHJXVW\RUZKHQRWKHUFRQGLWLRQVIDYRUSRRUVSUD\FRYHUDJHDQGRURIIWDUJHWVSUD\PRYHPHQW
|
||
|
||
$GGLWLRQDOUHTXLUHPHQWVIRUJURXQGERRPDSSOLFDWLRQ
|
||
x'RQRWDSSO\ZLWKDQR]]OHKHLJKWJUHDWHUWKDQIHHWDERYHWKHFURSFDQRS\
|
||
|
||
$(5,$/$33/,&$7,21
|
||
8VHRULILFHGLVFVFRUHVDQGQR]]OHW\SHVDQGDUUDQJHPHQWVWKDWZLOOSURYLGHIRURSWLPXPVSUD\GLVWULEXWLRQDQGPD[LPXP
|
||
FRYHUDJH,QJHQHUDODPLQLPXPVSUD\YROXPHRI*3$DQGDPD[LPXPSUHVVXUHRISVLDUHUHFRPPHQGHG$PLQLPXP
|
||
VSUD\YROXPHRIJDOORQVSHUDFUHPD\EHXVHGLIFURSFDQRS\DQGZHHGGHQVLW\DOORZDGHTXDWHVSUD\FRYHUDJH$HULDO
|
||
DSSOLFDWLRQVXVLQJOHVVWKDQJDOORQVRIVSUD\YROXPHSHUDFUHPD\UHVXOWLQUHGXFHGZHHGFRQWURO
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
'85,1*$(5,$/$33/,&$7,216KXPDQIODJJHUVDUHSURKLELWHGXQOHVVLQHQFORVHGYHKLFOHV$HULDODSSOLFDWLRQLV
|
||
SURKLELWHGZLWKLQIHHWRIUHVLGHQWLDODUHDVHJKRPHVVFKRROVKRVSLWDOVVKRSSLQJDUHDVHWF
|
||
|
||
0$1'$725<635$<'5,)7
|
||
$HULDO$SSOLFDWLRQV
|
||
x'RQRWUHOHDVHVSUD\DWDKHLJKWJUHDWHUWKDQIWDERYHWKHJURXQGRUYHJHWDWLYHFDQRS\XQOHVVDJUHDWHUDSSOLFDWLRQKHLJKW
|
||
LVQHFHVVDU\IRUSLORWVDIHW\
|
||
x$SSOLFDWRUVDUHUHTXLUHGWRXVHDPHGLXPRUFRDUVHUGURSOHWVL]H$6$%(6
|
||
x$SSOLFDWRUVPXVWXVHòVZDWKGLVSODFHPHQWXSZLQGDWWKHGRZQZLQGHGJHRIWKHILHOG
|
||
x'RQRWDSSO\ZKHQZLQGVSHHGVH[FHHGPLOHVSHUKRXUDWWKHDSSOLFDWLRQVLWH
|
||
x7KHERRPOHQJWKPXVWQRWH[FHHGRIWKHZLQJVSDQIRUDLUSODQHVRURIWKHURWRUEODGHGLDPHWHUIRUDSSOLFDWLRQ
|
||
KHOLFRSWHUV
|
||
x'RQRWDSSO\GXULQJWHPSHUDWXUHLQYHUVLRQV
|
||
|
||
*URXQG%RRP$SSOLFDWLRQV
|
||
x 8VHUPXVWRQO\DSSO\ZLWKWKHUHOHDVHKHLJKWUHFRPPHQGHGE\WKHPDQXIDFWXUHUEXWQRPRUHWKDQIHHWDERYHWKHJURXQGRU
|
||
FURSFDQRS\
|
||
x $SSOLFDWRUVDUHUHTXLUHGWRXVHDPHGLXPRUFRDUVHUGURSOHWVL]H$6$%(6
|
||
x 'RQRWDSSO\ZKHQZLQGVSHHGVH[FHHGPLOHVSHUKRXUDWWKHDSSOLFDWLRQVLWH
|
||
x'RQRWDSSO\GXULQJWHPSHUDWXUHLQYHUVLRQV
|
||
|
||
|
||
|
||
%RRPOHVV*URXQG$SSOLFDWLRQV
|
||
x $SSOLFDWRUVDUHUHTXLUHGWRVHOHFWWKHQR]]OHDQGSUHVVXUHWKDWGHOLYHUDPHGLXPRUFRDUVHUGURSOHWVL]H$6$%(6IRUDOO
|
||
DSSOLFDWLRQV
|
||
x 'RQRWDSSO\ZKHQZLQGVSHHGVH[FHHGPLOHVSHUKRXUDWWKHDSSOLFDWLRQVLWH
|
||
x'RQRWDSSO\GXULQJWHPSHUDWXUHLQYHUVLRQV
|
||
|
||
|
||
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
|
||
|
||
,PSRUWDQFHRI'URSOHW6L]H
|
||
$QHII HFWLYHZD\WRUHGXFHVSUD\GULIWLVWRDSSO\ODUJHGURSOHWV8VHWKHODUJHVWGURSOHWVWKDWSURYLGH WDUJHWSHVWFRQWURO
|
||
:KLOHDSSO\LQJODUJHUGURSOHWVZLOOUHGXFHVSUD\GULIWWKHSRWHQWLDO IRUGULIWZLOOEHJUHDWHULIDSSOLFDWLRQVDUHPDGHLPSURSHUO\
|
||
RUXQGHUXQIDYRUDEOH HQYLURQPHQWDOFRQGLWLRQV
|
||
|
||
&RQWUROOLQJ 'URSOHW6L]H*URXQG%RRP
|
||
x9ROXPH,QFUHDVLQJWKHVSUD\ YROXPHVRWKDWODUJHUGURSOHWVDUHSURGXFHGZLOOUHGXFHVSUD\GULIW8VH WKH
|
||
KLJKHVWSUDFWLFDOVSUD\YROXPHIRU WKHDSSOLFDWLRQ,I D JUHDWHUVSUD\ YROXPHLVQHHGHGFRQVLGHU XVLQJ D
|
||
QR]]OHZLWK DKLJKHUIORZUDWH
|
||
x3UHVVXUH8VH WKH ORZHVWVSUD\SUHVVXUHUHFRPPHQGHGIRUWKHQR]]OH WRSURGXFHWKHWDUJHWVSUD\YROXPH
|
||
DQGGURSOHWVL]H
|
||
x6SUD\1R]]OH8VH DVS U D \ Q R ] ] OH W K DW LVGHVLJQHGIRUWKHLQWHQGHGDSSOLFDWLRQ&RQVLGHU XVLQJQR]]OHV
|
||
GHVLJQHG WRUHGXFHGULIW
|
||
|
||
&RQWUROOLQJ 'URSOHW6L]H$LUFUDIW
|
||
$GMXVW 1R]]OHV)ROORZQR]]OH PDQXIDFWXUHUV¶UHFRPPHQGDWLRQVIRUVHWWLQJ XSQR]]OHV*HQHUDOO\WRUHGXFHILQH
|
||
GURSOHWVQR]]OHVVKRXOG EHRULHQWHG SDUDOOHOZLWK WKHDLUIORZLQIOLJKW
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
|
||
%RRP+HLJKW*URXQG%RRP
|
||
)RUJURXQGHTXLSPHQWWKHERRPVKRXOG UHPDLQOHYHOZLWK WKHFURS DQG KDYH PLQLPDOERXQFH
|
||
|
||
5HOHDVH+HLJKW$LUFUDIW
|
||
+LJKHU UHOHDVH KHLJKWVLQFUHDVH WKHSRWHQWLDOIRUVSUD\GULIW
|
||
|
||
6KLHOGHG6SUD\HUV
|
||
6KLHOGLQJWKHERRP RULQGLYLGXDOQR]]OHVFDQUHGXFHVSUD\GULIW&RQVLGHU XVLQJVKLHOGHGVSUD\HUV9HULI\WKDWWKH
|
||
VKLHOGVDUHQRW LQWHUIHULQJZLWK WKHXQLIRUPGHSRVLWLRQRIWKHVSUD\ RQWKHWDUJHWDUHD
|
||
|
||
7HPSHUDWXUHDQG+XPLGLW\
|
||
:KHQ PDNLQJ DSSOLFDWLRQV LQKRWDQG GU\FRQGLWLRQVXVH ODUJHU GURSOHWVWRUHGXFH HIIHFWVRIHYDSRUDWLRQ
|
||
|
||
7HPSHUDWXUH,QYHUVLRQV
|
||
'ULIW SRWHQWLDOLVKLJK GXULQJDWHPSHUDWXUHLQYHUVLRQ7HPSHUDWXUH LQYHUVLRQVDUHFKDUDFWHUL]HGE\LQFUHDVLQJ
|
||
WHPSHUDWXUHZLWKDOWLWXGHDQG DUH FRPPRQ RQQLJKWV ZLWK OLPLWHG FORXG FRYHUDQGOLJKWWRQRZLQG7KHSUHVHQFHRI
|
||
DQLQYHUVLRQFDQEHLQGLFDWHGE\ JURXQG IRJRUE\ WKH PRYHPHQWRIVPRNH IURP DJURXQGVRXUFH RUDQ DLUFUDIW
|
||
VPRNHJHQHUDWRU6PRNH WKDWOD\HUVDQG PRYHVODWHUDOO\LQDFRQFHQWUDWHGFORXGXQGHUORZ ZLQG FRQGLWLRQV
|
||
LQGLFDWHVDQLQYHUVLRQZKLOHVPRNH WKDWPRYHVXSZDUGDQGUDSLGO\GLVVLSDWHVLQGLFDWHVJRRGYHUWLFDODLUPL[LQJ
|
||
$YRLGDSSOLFDWLRQVGXULQJWHPSHUDWXUHLQYHUVLRQV
|
||
|
||
:LQG
|
||
'ULIWSRWHQWLDO JHQHUDOO\LQFUHDVHVZLWKZLQGVSHHG$92,'$33/,&$7,216'85,1* *867<:,1'&21',7,216
|
||
$SSOLFDWRUVQHHGWREHIDPLOLDUZLWKORFDOZLQGSDWWHUQV DQGWHUUDLQWKDWFRXOGDIIHFW VSUD\GULIW
|
||
|
||
%RRPOHVV*URXQG$SSOLFDWLRQV
|
||
6HWWLQJQR]]OHVDWWKHORZHVWHIIHFWLYHKHLJKWZLOOKHOSWRUHGXFHWKHSRWHQWLDOIRUVSUD\GULIW
|
||
|
||
(QJLQHHULQJ&RQWURO6WDWHPHQWV
|
||
+DQGOHUVPXVWXVHFORVHGPL[LQJORDGLQJV\VWHPVGXULQJPL[LQJORDGLQJOLTXLGVIRUDHULDODSSOLFDWLRQVWRIDOORZODQGDQG
|
||
KLJKDFUHDJHILHOGFURSVLQFOXGLQJEDUOH\IOD[RDWVSDVWXUHDQGUDQJHODQGJUDVVU\HZKHDWDQGJUDVVIURZQIRUVHHG
|
||
|
||
635,1./(5,55,*$7,21$33/,&$7,21
|
||
:,/'&$5';75$
|
||
+HUELFLGHFDQEHDSSOLHGWKURXJKVSULQNOHULUULJDWLRQV\VWHPVWRVPDOOJUDLQVDQGJUDVVHVJURZQIRU
|
||
VHHG
|
||
|
||
$SSO\:,/'&$5';75$+HUELFLGHWKURXJKVSULQNOHUV\VWHPVLQFOXGLQJFHQWHUSLYRWODWHUDOPRYHVLGHZKHHOUROOVROLG
|
||
VHWRUKDQGPRYHLUULJDWLRQV\VWHPVRQO\,IKDQGPRYHGSLSHLVXVHGIRUFKHPLJDWLRQWKHSLSHPXVWQRWEHKDQGOHGLQDQ\
|
||
ZD\XQWLOKRXUVDIWHUFKHPLJDWLRQKDVEHHQFRPSOHWHGDQGUHVLGXHVKDYHEHHQIOXVKHGIURPWKHV\VWHP:KHQDSSO\LQJ
|
||
E\FKHPLJDWLRQQRSHUVRQPD\HQWHUWKHDSSOLFDWLRQVLWHXQOHVVLQDQHQFORVHGYHKLFOH'RQRWDSSO\WKLVSURGXFWWKURXJK
|
||
DQ\RWKHUW\SHRILUULJDWLRQV\VWHP
|
||
|
||
$33/,&$7,21%<&+(0,*$7,21
|
||
PXVWEHGRQHE\IL[HGSLSHRYHUKHDGVSULQNOHUV\VWHPVRUKDQGPRYHGSLSH,IKDQG
|
||
PRYHGSLSHLVVXHGIRUFKHPLJDWLRQWKHSLSHPXVWQRWEHKDQGOHGLQDQ\ZD\XQWLOKRXUVDIWHUFKHPLJDWLRQKDVEHHQ
|
||
FRPSOHWHGDQGUHVLGXHVKDYHEHHQIOXVKHGIURPWKHV\VWHP:KHQDSSO\LQJE\FKHPLJDWLRQQRSHUVRQPD\HQWHUWKH
|
||
DSSOLFDWLRQVLWHXQOHVVLQDQHQFORVHGYHKLFOH
|
||
|
||
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
63(&,),&5(48,5(0(176)25$33/,&$7,217+528*+$8720$7('635,1./(5,55,*$7,216<67(0
|
||
7KHV\VWHPPXVWFRQWDLQDIXQFWLRQDOFKHFNYDOYHYDFXXPUHOLHIYDOYHDQGORZSUHVVXUHGUDLQDSSURSULDWHO\ORFDWHGRQ
|
||
WKHLUULJDWLRQSLSHOLQHWRSUHYHQWZDWHUVRXUFHFRQWDPLQDWLRQIURPEDFNIORZ
|
||
7KHSHVWLFLGHLQMHFWLRQSLSHOLQHPXVWFRQWDLQDIXQFWLRQDODXWRPDWLFTXLFNFORVLQJFKHFNYDOYHWRSUHYHQWWKHIORZRIIOXLG
|
||
EDFNWRZDUGWKHLQMHFWLRQSXPS
|
||
7KHSHVWLFLGHLQMHFWLRQSLSHOLQHPXVWDOVRFRQWDLQDIXQFWLRQDOQRUPDOO\FORVHGVROHQRLGRSHUDWHGYDOYHORFDWHGRQWKH
|
||
LQWDNHVLGHRIWKHLQMHFWLRQSXPSDQGFRQQHFWHGWRWKHV\VWHPLQWHUORFNWRSUHYHQWIOXLGIURPEHLQJZLWKGUDZQIURPWKH
|
||
VXSSO\WDQNZKHQWKHLUULJDWLRQV\VWHPLVHLWKHUDXWRPDWLFDOO\RUPDQXDOO\VKXWGRZQ
|
||
7KHV\VWHPPXVWFRQWDLQIXQFWLRQDOLQWHUORFNLQJFRQWUROVWRDXWRPDWLFDOO\VKXWRIIWKHSHVWLFLGHLQMHFWLRQSXPSZKHQWKH
|
||
ZDWHUSXPSPRWRUVWRSV
|
||
7KHLUULJDWLRQOLQHRUZDWHUSXPSPXVWLQFOXGHDIXQFWLRQDOSUHVVXUHVZLWFKZKLFKZLOOVWRSWKHZDWHUSXPSPRWRUZKHQ
|
||
WKHZDWHUSUHVVXUHGHFUHDVHVWRWKHSRLQWZKHUHSHVWLFLGHGLVWULEXWLRQLVDGYHUVHO\DIIHFWHG
|
||
6\VWHPVPXVWXVHDPHWHULQJSXPSVXFKDVDSRVLWLYHGLVSODFHPHQWLQMHFWLRQSXPSHJGLDSKUDJPSXPSHIIHFWLYHO\
|
||
GHVLJQHGDQGFRQVWUXFWHGRIPDWHULDOVWKDWDUHFRPSDWLEOHZLWKSHVWLFLGHVDQGFDSDEOHRIEHLQJILWWHGZLWKDV\VWHP
|
||
LQWHUORFN
|
||
'RQRWDSSO\ZKHQZLQGVSHHGIDYRUVGULIWEH\RQGWKHDUHDLQWHQGHGIRUWUHDWPHQW
|
||
$JLWDWLRQLVUHFRPPHQGHGLQWKHSHVWLFLGHVXSSO\WDQNZKHQDSSO\LQJWKH
|
||
:,/'&$5';75$+HUELFLGH
|
||
:,/'&$5';75$+HUELFLGHVKRXOGEHDSSOLHGFRQWLQXRXVO\IRUWKHGXUDWLRQRIWKHZDWHUDSSOLFDWLRQZLWKFHQWHUSLYRW
|
||
DQGFRQWLQXRXVODWHUDOPRYHV\VWHPV$SSOLFDWLRQRI:,/'&$5';75$+HUELFLGHVKRXOGEHPDGHGXULQJWKHODVW
|
||
PLQXWHVRIWKHLUULJDWLRQVHWZLWKRWKHURYHUKHDGVSULQNOHUV\VWHPV
|
||
)RUEHVWSHUIRUPDQFHVHWWKHVSULQNOHUV\VWHPWRGHOLYHUDSSUR[LPDWHO\LQFKRUOHVVRIZDWHUSHUDFUH
|
||
5HPRYHVFDOHSHVWLFLGHUHVLGXHVDQGRWKHUIRUHLJQPDWWHUIURPWKHVXSSO\WDQNDQGHQWLUHLQMHFWRUV\VWHP)OXVKZLWK
|
||
FOHDQZDWHU
|
||
,I
|
||
:,/'&$5';75$+HUELFLGHLVGLOXWHGLQWKHVXSSO\WDQNILOOWKHWDQNZLWKKDOIRIWKHZDWHUDPRXQWGHVLUHGDGGWKH
|
||
:,/'&$5';75$DQGWKHQDGGUHPDLQLQJZDWHUDPRXQWZLWKDJLWDWLRQ$OZD\VGLOXWHZLWKDWOHDVWSDUWVZDWHUWRSDUW
|
||
:,/'&$5';75$
|
||
6WDUWWKHVSULQNOHUVDQGWKHQLQMHFW:,/'&$5';75$+HUELFLGHLQWRWKHLUULJDWLRQOLQH:,/'&$5';75$VKRXOGEH
|
||
LQMHFWHGZLWKDSRVLWLYHGLVSODFHPHQWSXPSLQWRWKHPDLQOLQHDWOHDVWIHHWDKHDGRIDULJKWDQJOHWXUQWRLQVXUHDGHTXDWH
|
||
PL[LQJ5HIHUWRWKH:,/'&$5';75$+HUELFLGHODEHOIRUGHWDLOHGLQIRUPDWLRQRQDSSOLFDWLRQUDWHVDQGWLPLQJV
|
||
|
||
&+(0,*$7,2186(535(&$87,216
|
||
$SSOLFDWLRQRIPRUHWKDQLQFKDFUHRILUULJDWLRQZDWHUPD\UHVXOWLQGHFUHDVHGSURGXFWSHUIRUPDQFHRQFHUWDLQVRLOV
|
||
|
||
'RQRWDSSO\ZKHQFRQGLWLRQVIDYRUGULIWZKHQV\VWHPFRQQHFWLRQVRUILWWLQJVOHDNRUZKHQQR]]OHVGRQRWSURYLGHXQLIRUP
|
||
GLVWULEXWLRQ
|
||
|
||
$OORZVXIILFLHQWWLPHIRUSHVWLFLGHWREHIOXVKHGWKURXJKDOOWKHOLQHVDQGQR]]OHVEHIRUHWXUQLQJRIILUULJDWLRQZDWHU
|
||
|
||
&URSLQMXU\ODFNRIHIIHFWLYHQHVVRULOOHJDOSHVWLFLGHUHVLGXHVLQWKHFURSFDQUHVXOWIURPQRQXQLIRUPGLVWULEXWLRQRIWUHDWHG
|
||
ZDWHU
|
||
|
||
'RQRWFRQQHFWDQLUULJDWLRQV\VWHPXVHGIRUSHVWLFLGHDSSOLFDWLRQWRDSXEOLFZDWHUV\VWHP
|
||
,I\RXKDYHTXHVWLRQVDERXWFDOLEUDWLRQ\RXVKRXOGFRQWDFW6WDWH([WHQVLRQ6HUYLFHVSHFLDOLVWVHTXLSPHQWPDQXIDFWXUHUVRU
|
||
RWKHUH[SHUWV
|
||
|
||
$SHUVRQNQRZOHGJHDEOHRIWKHFKHPLJDWLRQV\VWHPDQGUHVSRQVLEOHIRULWVRSHUDWLRQVRUXQGHUWKHVXSHUYLVLRQRIWKH
|
||
UHVSRQVLEOHSHUVRQVKDOOVKXWWKHV\VWHPGRZQDQGPDNHQHFHVVDU\DGMXVWPHQWVVKRXOGWKHQHHGDULVH
|
||
|
||
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
:(('5(6,67$1&(0$1$*(0(17
|
||
)RUUHVLVWDQFHPDQDJHPHQWSOHDVHQRWHWKDW:,/'&$5';75$FRQWDLQVERWKD*URXS%URPR[\QLODQGD*URXS
|
||
0&3$KHUELFLGH$Q\ZHHGSRSXODWLRQPD\FRQWDLQRUGHYHORSSODQWVQDWXUDOO\UHVLVWDQWWR:,/'&$5';75$DQGRWKHU
|
||
*URXSKHUELFLGHVDQG*URXSKHUELFLGH7KHUHVLVWDQWELRW\SHVPD\GRPLQDWHWKHZHHGSRSXODWLRQLIWKHVHKHUELFLGHVDUH
|
||
XVHGUHSHDWHGO\LQWKHVDPHILHOG$SSURSULDWHUHVLVWDQFHPDQDJHPHQWVWUDWHJLHVVKRXOGEHIROORZHG
|
||
|
||
:KHQKHUELFLGHVWKDWDIIHFWWKHVDPHELRORJLFDOVLWHRIDFWLRQDUHXVHGUHSHDWHGO\RYHUVHYHUDO\HDUVWRFRQWUROWKHVDPH
|
||
ZHHGVSHFLHVLQWKHVDPHILHOGQDWXUDOO\RFFXUULQJUHVLVWDQWELRW\SHVPD\VXUYLYHDFRUUHFWO\DSSOLHGKHUELFLGHWUHDWPHQW
|
||
SURSDJDWHDQGEHFRPHGRPLQDQWLQWKDWILHOG$GHTXDWHFRQWURORIWKHVHUHVLVWDQWZHHGELRW\SHVFDQQRWEHH[SHFWHG,I
|
||
ZHHGFRQWUROLVXQVDWLVIDFWRU\LWPD\EHQHFHVVDU\WRUHWUHDWWKHSUREOHPDUHDXVLQJDSURGXFWDIIHFWLQJDGLIIHUHQWVLWHRI
|
||
DFWLRQ
|
||
|
||
7RGHOD\KHUELFLGHUHVLVWDQFHWDNHRQHRUPRUHRIWKHIROORZLQJVWHSV
|
||
|
||
5RWDWHWKHXVHRI:,/'&$5';75$RURWKHU*URXSKHUELFLGHVDQG*URXSKHUELFLGHVZLWKLQDJURZLQJVHDVRQ
|
||
VHTXHQFHRUDPRQJJURZLQJVHDVRQVZLWKGLIIHUHQWKHUELFLGHJURXSVWKDWFRQWUROWKHVDPHZHHGVLQDILHOG
|
||
|
||
8VHWDQNPL[WXUHVZLWKKHUELFLGHVIURPDGLIIHUHQWJURXSLIVXFKXVHLVSHUPLWWHGZKHUHLQIRUPDWLRQRQUHVLVWDQFHLQWDUJHW
|
||
ZHHGVSHFLHVLVDYDLODEOHXVHWKHOHVVUHVLVWDQFHSURQHSDUWQHUDWDUDWHWKDWZLOOFRQWUROWKHWDUJHWZHHGVHTXDOO\DVZHOO
|
||
DVWKHPRUHUHVLVWDQFHSURQHSDUWQHU&RQVXOW\RXUORFDOH[WHQVLRQVHUYLFHRUFHUWLILHGFURSDGYLVRULI\RXDUHXQVXUHDVWR
|
||
ZKLFKDFWLYHLQJUHGLHQWLVFXUUHQWO\OHVVSURQHWRUHVLVWDQFH
|
||
|
||
$GRSWDQLQWHJUDWHGZHHGPDQDJHPHQWSURJUDPIRUKHUELFLGHXVHWKDWLQFOXGHVVFRXWLQJDQGXVHVKLVWRULFDOLQIRUPDWLRQ
|
||
UHODWHGWRKHUELFLGHXVHDQGFURSURWDWLRQDQGWKDWFRQVLGHUVWLOODJHRURWKHUPHFKDQLFDOFRQWUROPHWKRGVFXOWXUDOHJ
|
||
KLJKHUFURSVHHGLQJUDWHVSUHFLVLRQIHUWLOL]HUDSSOLFDWLRQPHWKRGDQGWLPLQJWRIDYRUWKHFURSDQGQRWWKHZHHGVELRORJLFDO
|
||
ZHHGFRPSHWLWLYHFURSVRUYDULHWLHVDQGRWKHUPDQDJHPHQWSUDFWLFHV
|
||
|
||
6FRXWDIWHUKHUELFLGHDSSOLFDWLRQWRPRQLWRUZHHGSRSXODWLRQVIRUHDUO\VLJQVRIUHVLVWDQFHGHYHORSPHQW,QGLFDWRUVRI
|
||
SRVVLEOHKHUELFLGHUHVLVWDQFHLQFOXGHIDLOXUHWRFRQWURODZHHGVSHFLHVQRUPDOO\FRQWUROOHGE\WKHKHUELFLGHDWWKHGRVH
|
||
DSSOLHGHVSHFLDOO\LIFRQWUROLVDFKLHYHGRQDGMDFHQWZHHGVDVSUHDGLQJSDWFKRIQRQFRQWUROOHGSODQWVRIDSDUWLFXODU
|
||
ZHHGVSHFLHVVXUYLYLQJSODQWVPL[HGZLWKFRQWUROOHGLQGLYLGXDOVRIWKHVDPHVSHFLHV,IUHVLVWDQFHLVVXVSHFWHGSUHYHQW
|
||
ZHHGVHHGSURGXFWLRQLQWKHDIIHFWHGDUHDE\DQDOWHUQDWLYHKHUELFLGHIURPDGLIIHUHQWJURXSRUE\DPHFKDQLFDOPHWKRG
|
||
VXFKDVKRHLQJRUWLOODJH3UHYHQWPRYHPHQWRIUHVLVWDQWZHHGVHHGVWRRWKHUILHOGVE\FOHDQLQJKDUYHVWLQJDQGWLOODJH
|
||
HTXLSPHQWZKHQPRYLQJEHWZHHQILHOGVDQGSODQWLQJFOHDQVHHG
|
||
|
||
,IDZHHGSHVWSRSXODWLRQFRQWLQXHVWRSURJUHVVDIWHUWUHDWPHQWZLWKWKLVSURGXFWGLVFRQWLQXHXVHRIWKLVSURGXFWDQG
|
||
VZLWFKWRDQRWKHUPDQDJHPHQWVWUDWHJ\RUKHUELFLGHZLWKDGLIIHUHQWPRGHRIDFWLRQLIDYDLODEOH
|
||
|
||
&RQWDFW\RXUORFDOH[WHQVLRQVSHFLDOLVWRUFHUWLILHGFURSDGYLVRUVIRUDGGLWLRQDOSHVWLFLGHUHVLVWDQFHPDQDJHPHQWDQGRU
|
||
LQWHJUDWHGZHHGPDQDJHPHQWUHFRPPHQGDWLRQVIRUVSHFLILFFURSVDQGZHHGELRW\SHV
|
||
|
||
>)RUIXUWKHULQIRUPDWLRQRUWRUHSRUWVXVSHFWHGUHVLVWDQFHFRQWDFW>+HOHQDFRQWDFW@DW>RQHRI@>DQ\RI@WKHIROORZLQJ@>>
|
||
>>@>RU@@>>@>RU@@>KHOHQDDJULFRP@@
|
||
|
||
,WLVDGYLVDEOHWRNHHSDFFXUDWHUHFRUGVRISHVWLFLGHVDSSOLHGWRLQGLYLGXDOILHOGVWRKHOSREWDLQLQIRUPDWLRQRQWKHVSUHDGDQG
|
||
GLVSHUVDORIUHVLVWDQWELRW\SHV&RQWDFW\RXUORFDOVDOHVUHSUHVHQWDWLYHFURSDGYLVRURUH[WHQVLRQDJHQWWRILQGRXWLI
|
||
VXVSHFWHGUHVLVWDQWZHHGVWRWKLV02$KDYHEHHQIRXQGLQ\RXUUHJLRQ'RQRWDVVXPHWKDWHDFKOLVWHGZHHGLVEHLQJ
|
||
FRQWUROOHGE\WKLVPHFKDQLVPVRIDFWLRQ&RIRUPXODWHGDFWLYHLQJUHGLHQWVDUHLQWHQGHGWREURDGHQWKHVSHFWUXPRIZHHGV
|
||
WKDWDUHFRQWUROOHG6RPHZHHGVPD\EHFRQWUROOHGE\RQO\RQHRIWKHDFWLYHLQJUHGLHQWLQWKLVSURGXFW
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
6XVSHFWHGKHUELFLGHUHVLVWDQWZHHGVPD\EHLGHQWLILHGE\WKHVHLQGLFDWRUV
|
||
|
||
)DLOXUHWRFRQWURODZHHGVSHFLHVQRUPDOO\FRQWUROOHGE\WKHKHUELFLGHDWWKHGRVHDSSOLHGHVSHFLDOO\LIFRQWUROLVDFKLHYHG
|
||
RQDGMDFHQWZHHGV
|
||
|
||
$VSUHDGLQJSDWFKRIQRQFRQWUROOHGSODQWVRIDSDUWLFXODUZHHGVSHFLHVDQG
|
||
|
||
6XUYLYLQJSODQWVPL[HGZLWKFRQWUROOHGLQGLYLGXDOVRIWKHVDPHVSHFLHV
|
||
|
||
|
||
|
||
,17(*5$7('3(670$1$*(0(17
|
||
|
||
+HOHQD$JUL(QWHUSULVHV//&UHFRPPHQGVWKHXVHRI,QWHJUDWHG3HVW0DQDJHPHQW,30SURJUDPVWRFRQWUROSHVWV7KLV
|
||
SURGXFWPD\EHXVHGDVSDUWRIDQ,QWHJUDWHG3HVW0DQDJHPHQW,30SURJUDPZKLFKFDQLQFOXGHELRORJLFDOFXOWXUDODQG
|
||
JHQHWLFSUDFWLFHVDLPHGDWSUHYHQWLQJHFRQRPLFSHVWGDPDJH$SSOLFDWLRQRIWKLVSURGXFWVKRXOGEHEDVHGRQ,30SULQFLSOHV
|
||
DQGSUDFWLFHVLQFOXGLQJILHOGVFRXWLQJRURWKHUGHWHFWLRQPHWKRGVFRUUHFWWDUJHWSHVWLGHQWLILFDWLRQSRSXODWLRQPRQLWRULQJ
|
||
DQGWUHDWLQJZKHQWDUJHWSHVWSRSXODWLRQVUHDFKORFDOO\GHWHUPLQHGDFWLRQWKUHVKROGV&RQVXOW\RXUVWDWHFRRSHUDWLYH
|
||
H[WHQVLRQVHUYLFHSURIHVVLRQDOFRQVXOWDQWVRURWKHUTXDOLILHGDXWKRULWLHVWRGHWHUPLQHDSSURSULDWHDFWLRQWUHDWPHQWWKUHVKROG
|
||
OHYHOVIRUWUHDWLQJVSHFLILFSHVWFURSRUVLWHV\VWHPVLQ\RXUDUHD
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
*(1(5$/:(('/,67
|
||
3RVWHPHUJHQFHDSSOLFDWLRQRI:,/'&$5';75$+HUELFLGHZLOOFRQWUROWKHIROORZLQJZHHGVZKHQVSUD\HGLQWKHVHHGOLQJ
|
||
VWDJH
|
||
|
||
0D[LPXPZHHGVWDJHRIJURZWKLVOLVWHGXQGHU
|
||
:,/'&$5';75$5(&200(1'$7,216
|
||
|
||
0267686&(37,%/(%52$'/($):(('63(&,(6 686&(37,%/(%52$'/($):(('63(&,(6
|
||
$QQXDOVRZWKLVWOH6RQFKXVROHUDFHXV %OXHSXUSOHPXVWDUG&KORULVSRUDWHQHOOD
|
||
%ODFNPXVWDUG %UDVVLFDQLJUD &RPPRQJURXQGVHO6HQHFLRYXOJDULV
|
||
%ODFNQLJKWVKDGH6RODQXPQLJUXP &RPPRQUDJZHHG$PEURVLDDUWHPLVLLIROLD
|
||
&RPPRQFRFNOHEXU;DQWKLXPVWUXPDULXP &RUQFKDPRPLOH$QWKHPLVDUYHQVLV
|
||
&RPPRQODPEVTXDUWHUV&KHQRSRGLXPDOEXP &RUQJURPZHOO /LWKRVSHUPXPDUYHQVH
|
||
&RPPRQWDUZHHG+HPL]RQLDFRQJHVWD )XPLWRU\ )XPDULDRIILFLQDOLV
|
||
&RZFRFNOH 6DSRQDULDYDFFDULD *LDQWUDJZHHG $PEURVLDWULILGD
|
||
&XWOHDIQLJKWVKDGH6RODQXPWULIORUXP +HPSVHVEDQLD 6HVEDQLDH[DOWDWD
|
||
(DVWHUQEODFN 6RODQXPSW\FDQWKXP +HQELW /DPLXPDPSOH[LFDXOH
|
||
QLJKWVKDGH
|
||
&RDVWILGGOHQHFN$PVLQFNLDLQWHUPHGLD ,Y\OHDIPRUQLQJJORU\,SRPRHDKHGHUDFHD
|
||
)LHOGSHQQ\FUHVV7KODVSLDUYHQVH .QDZHO 6FOHUDQWKXVDQQXXV
|
||
*UHHQVPDUWZHHG3RO\JRQXPVFDEUXP .RFKLD .RFKLDVFRSDULD
|
||
+DLU\QLJKWVKDGH6RODQXPVDUDFKRLGHV 0D\ZHHG $QWKHPLVFRWXOD
|
||
+RUQHG3RSS\ *ODXFLXPFRUQLFXODWXP 3URVWUDWHNQRWZHHG3RO\JRQXPDYLFXODUH
|
||
-LPVRQZHHG 'DWXUDVWUDPRQLXP 3XQFWXUHYLQH 7ULEXOXVWHUUHVWULV
|
||
/DG\VWKXPE 3RO\JRQXPSHUVLFDULD 7DOOPRUQLQJJORU\,SRPRHDSXUSXUHD
|
||
/DQFHOHDIVDJH6DOYLDUHIOH[D 7DQV\PXVWDUG 'HVFXUDLQLDSLQQDWD
|
||
/RQGRQURFNHW 6LV\PEULXPLULR 7DUZHHG +HPL]RQLDVSS
|
||
0DUVKHOGHU ,YD[DQWKLIROLD 9HOYHWOHDI $EXWLORQWKHRSKUDVWL
|
||
3HQQV\OYDQLD 3RO\JRQXPVWUXPDULXP :LOGUDGLVK 5DSKDQXVUDSKDQLVWUXP
|
||
VPDUWZHHG
|
||
3HSSHUZHHGVSS/HSLGLXPDSS :HHGVJHUPLQDWLQJDIWHUVSUD\LQJZLOOQRWEHFRQWUROOHG
|
||
5HGURRWSLJZHHG$PDUDQWKXVUHWURIOH[XV
|
||
5XVVLDQWKLVWOH 6DOVRODNDOL
|
||
6KHSKHUGVSXUVH&DSVHOODEXUVDSDVWRULV
|
||
6LOYHUOHDIQLJKWVKDGH6RODQXPHODHDJQLIROLXP
|
||
6PRRWKSLJZHHG$PDUDQWKXVK\EULGXV
|
||
6SLQ\SLJZHHG $PDUDQWKXVVSLQRVXV
|
||
6XQIORZHU +HOLDQWKXVDQQXXV
|
||
7DOO:DWHUKHPS$PDUDQWKXVWXEHUFXODWXV
|
||
7DUWDU\EXFNZKHDW)DJRS\UXPWDWDULFXP
|
||
7XPEOHPXVWDUG6LV\PEULXPDOWLVVLPXP
|
||
:LOGEXFNZKHDW 3RO\JRQXPFRQYROYXOXV
|
||
:LOGPXVWDUG 6LQDSLVDUYHQVLV
|
||
<HOORZURFNHW %DUEDUHDYXOJDULV
|
||
)RUFRQWURORIVXQIORZHUGHOD\DSSOLFDWLRQXQWLOILUVWVXQIORZHUVHHGOLQJVHPHUJLQJDUHLQFKHVLQKHLJKW
|
||
|
||
:(('68335(66,21
|
||
&DQDGD7KLVWOH&LIVLXPDUYHQVH
|
||
:,/'&$5';75$+HUELFLGHDSSOLHGDWSLQWVSHUDFUHSURYLGHVEXUQGRZQRIWRSJURZWK5HJURZWKPD\RFFXU
|
||
0DNHDSSOLFDWLRQVZKHQ&DQDGDWKLVWOHLVLQFKHVWDOOWRWKHEXGVWDJH
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
:+($7%$5/(<2$76$1'5<(
|
||
:,/'&$5';75$/$%(/5$7(6
|
||
|
||
$33/,&$7,217,0,1*$1'63(&,),&',5(&7,216
|
||
352'8&7 5$7( &523 :(('6
|
||
:,/'&$5';75$ SLQW$
|
||
OEVEURPR[\QLO
|
||
DQGOEV0&3$
|
||
)DOOVHHGHGZKHDWEDUOH\RDWV
|
||
DQGU\HWKURXJKRXWWKH8QLWHG
|
||
6WDWHVDQGVSULQJVHHGHG
|
||
ZKHDWEDUOH\RDWVDQGU\HLQ
|
||
,GDKR2UHJRQ:DVKLQJWRQ
|
||
&RORUDGR:\RPLQJDQG
|
||
0RQWDQD
|
||
$SSO\WRZKHDWEDUOH\RDWV
|
||
DQGU\HIURPWKHOHDIVWDJH
|
||
EXWEHIRUHWKHFURSUHDFKHVWKH
|
||
ERRWVWDJH
|
||
|
||
0267686&(37,%/(
|
||
%52$'/($)
|
||
:(('6$SSO\WRZHHGVXSWR
|
||
WKHOHDIVWDJHRULQFKHVLQ
|
||
KHLJKWZKLFKHYHUFRPHVILUVW
|
||
,IZHHGIRUPVURVHWWHDSSO\
|
||
EHIRUHZHHGVH[FHHGLQFKHV
|
||
LQGLDPHWHU
|
||
|
||
WRSLQWV$
|
||
±OEVEURPR[\QLO
|
||
DQG±OEV0&3$
|
||
686&(37,%/(%52$'/($)
|
||
:(('6$SSO\WRZHHGVXS
|
||
WRWKHOHDIVWDJHRU
|
||
LQFKHVLQKHLJKWZKLFKHYHU
|
||
FRPHVILUVW,IZHHGIRUPV
|
||
URVHWWHDSSO\EHIRUHZHHGV
|
||
H[FHHGLQFKLQGLDPHWHU
|
||
|
||
SLQWV$
|
||
OEVEURPR[\QLO
|
||
DQGOEV0&3$
|
||
$SSO\WRKHQELWNQDZHODQG
|
||
PD\ZHHGXSWRWKHOHDI
|
||
VWDJHRULQFKHVLQKHLJKW
|
||
ZKLFKHYHUFRPHVILUVW
|
||
$SSO\WRNRFKLDDQGWDQV\
|
||
PXVWDUGIRULPSURYHGFRQWURO
|
||
ZKHQWKHVHZHHGVH[FHHG
|
||
WKHUHFRPPHQGHGVWDJHRI
|
||
JURZWKRUDUHJURZLQJXQGHU
|
||
FRROGU\FRQGLWLRQV
|
||
SLQWV$
|
||
OEVEURPR[\QLO
|
||
DQGOEV0&3$
|
||
|
||
6SULQJVHHGHGZKHDWDQG
|
||
EDUOH\H[FHSW,GDKR
|
||
2UHJRQ:DVKLQJWRQ
|
||
&RORUDGR0RQWDQDDQG
|
||
:\RPLQJ
|
||
|
||
$SSO\WRZKHDWEDUOH\RDWV
|
||
DQGU\HIURPWKHOHDIVWDJH
|
||
EXWEHIRUHWKHFURSUHDFKHV
|
||
WKHERRWVWDJH
|
||
|
||
0267686&(37,%/($1'
|
||
686&(37,%/(
|
||
%52$'/($):(('6
|
||
$SSO\WRZHHGVWKDWGRQRW
|
||
H[FHHGWKHOHDIVWDJHRU
|
||
LQFKHVLQKHLJKWZKLFKHYHU
|
||
FRPHVILUVW,IZHHGIRUPV
|
||
URVHWWHDSSO\EHIRUHZHHGV
|
||
H[FHHGLQFKHVLQGLDPHWHU
|
||
$SSO\WRNRFKLDXSWR
|
||
LQFKHVLQKHLJKW
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
$33/,&$7,217,0,1*$1'63(&,),&',5(&7,216
|
||
352'8&7 5$7( &523 :(('6
|
||
:,/'&$5';75$ WRSLQWV$
|
||
±OEVEURPR[\QLO
|
||
DQG±OEV0&3$
|
||
6SULQJVHHGHGZKHDWDQG
|
||
EDUOH\H[FHSW,GDKR
|
||
2UHJRQ:DVKLQJWRQ
|
||
&RORUDGR0RQWDQDDQG
|
||
:\RPLQJ
|
||
$SSO\WRZKHDWEDUOH\RDWV
|
||
DQGU\H IURPWKHOHDIVWDJH
|
||
EXWEHIRUHWKHFURSUHDFKHV
|
||
WKHERRWVWDJH
|
||
$SSO\WRNRFKLDWKDWLV
|
||
LQFKHVKHLJKW
|
||
&KHPLJDWLRQ2QO\
|
||
SLQWV$
|
||
OEVEURPR[\QLO
|
||
DQGOEV0&3$
|
||
$SSO\WRZKHDWEDUOH\RDWV
|
||
DQGU\HIURPWKHOHDIVWDJH
|
||
EXWEHIRUHWKHERRWVWDJH
|
||
|
||
$SSO\WKURXJKDXWRPDWHG
|
||
VSULQNOHULUULJDWLRQV\VWHPV
|
||
ZLWKPHFKDQLFDOWUDQVIHU
|
||
ORDGLQJV\VWHP RQO\6HH
|
||
0,;,1*/2$',1*$1'
|
||
+$1'/,1*
|
||
,16758&7,216VHFWLRQIRU
|
||
FRPSOHWHGHWDLOV
|
||
|
||
$SSO\WR0267
|
||
686&(37,%/(DQG
|
||
686&(37,%/(EURDGOHDI
|
||
ZHHGVXSWRWKH±OHDI
|
||
VWDJHLQFKHVLQKHLJKW
|
||
RULQFKLQGLDPHWHU
|
||
ZKLFKHYHUFRPHVILUVW
|
||
|
||
3RVW+DUYHVW
|
||
ôSLQWV$
|
||
OEVEURPR[\QLO
|
||
DQGOEV0&3$
|
||
0DNHDSSOLFDWLRQVIROORZLQJ
|
||
KDUYHVWRIZKHDWEDUOH\
|
||
RDWVDQGU\HLQWKHVWDWHVRI
|
||
1RUWK'DNRWD6RXWK'DNRWD
|
||
0LQQHVRWDDQG0RQWDQD
|
||
|
||
'RQRWSODQWDQ\URWDWLRQDO
|
||
FURSXQWLOWKHIROORZLQJXVH
|
||
VHDVRQ
|
||
|
||
$SSO\ôWRSLQWV$WR
|
||
0267686&(37,%/(
|
||
%52$'/($):(('6XSWR
|
||
WKHOHDIVWDJHRULQFKHV
|
||
LQKHLJKWZKLFKHYHUFRPHV
|
||
ILUVW
|
||
$SSO\WRSLQWV$WR
|
||
686&(37,%/(
|
||
%52$'/($):(('6XSWR
|
||
WKHOHDIVWDJHRU
|
||
|
||
LQFKHVLQKHLJKWZKLFKHYHU
|
||
FRPHVILUVW
|
||
|
||
)RUFRQWURORIERWKJUDVVHV
|
||
DQGEURDGOHDIZHHGVWDQN
|
||
PL[
|
||
:,/'&$5';75$
|
||
ZLWK*O\SKRVDWHRU
|
||
*O\SKRVDWH'
|
||
KHUELFLGHV
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
:+($7%$5/(<2$76$1'5<(
|
||
:,/'&$5';75$7$1.0,;785(/$%(/5$7(6
|
||
|
||
,WLVWKHSHVWLFLGHXVHU¶VUHVSRQVLELOLW\WRHQVXUHWKDWDOOSURGXFWVDUHUHJLVWHUHGIRUWKHLQWHQGHGXVH5HDGDQGIROORZWKH
|
||
DSSOLFDEOHUHVWULFWLRQVDQGOLPLWDWLRQVDQGGLUHFWLRQVIRUXVHRQDOOSURGXFWODEHOVLQYROYHGLQWDQNPL[LQJ8VHUVPXVWIROORZ
|
||
WKHPRVWUHVWULFWLYHGLUHFWLRQVIRUXVHDQGSUHFDXWLRQDU\VWDWHPHQWVRIHDFKSURGXFWLQWKHWDQNPL[WXUH
|
||
|
||
$33/,&$7,217,0,1*$1'63(&,),&',5(&7,216
|
||
352'8&7 5$7( &523 :(('6
|
||
:,/'&$5';75$
|
||
|
||
|
||
0&3$(VWHU
|
||
|
||
SLQWV$
|
||
OEV
|
||
EURPR[\QLO
|
||
DQG
|
||
OEV
|
||
0&3$
|
||
|
||
5HIHUWR0&3$(VWHU
|
||
ODEHO
|
||
|
||
$SSO\WRVSULQJVHHGHGZKHDW
|
||
EDUOH\RDWVDQGU\HIURP
|
||
WLOOHULQJVWDJHEXWEHIRUHERRW
|
||
VWDJH
|
||
|
||
5HIHUWR0&3$HVWHUODEHOIRU
|
||
FURSURWDWLRQDQGRWKHU
|
||
UHVWULFWLRQV
|
||
|
||
)RUFRQWURORI0267686&(37,%/(
|
||
DQG686&(37,%/(ZHHGVDQG
|
||
LPSURYHGFRQWURORIUHGURRWSLJZHHG
|
||
DQGNRFKLD
|
||
|
||
$SSO\WRZHHGVXSWRWKHOHDIVWDJH
|
||
LQFKHVLQKHLJKWRULQFKHVLQ
|
||
GLDPHWHUZKLFKHYHUFRPHVILUVW$SSO\
|
||
WRNRFKLDDQGUHGURRWSLJZHHGXSWR
|
||
LQFKHVLQKHLJKWRUGLDPHWHU
|
||
:,/'&$5';75$
|
||
|
||
&KORUVXOIXURQ
|
||
|
||
|
||
QRQLRQLFVXUIDFWDQW
|
||
ôWRòSLQWV
|
||
$
|
||
OEV
|
||
EURPR[\QLO
|
||
DQG
|
||
OEV0&3$
|
||
|
||
5HIHUWR&KORUVXOIXURQ
|
||
ODEHO
|
||
|
||
TWJDORIZDWHU
|
||
$SSO\WRZKHDWDQGEDUOH\IURP
|
||
WKHOHDIVWDJHEXWEHIRUHWKH
|
||
FURSUHDFKHVWKHERRWVWDJH
|
||
5HIHUWRFKORUVXOIXURQODEHOIRU
|
||
FURSURWDWLRQDQGRWKHU
|
||
UHVWULFWLRQV
|
||
7KLVWDQNPL[LPSURYHVFRQWURORI
|
||
EURDGOHDIZHHGVVXFKDVKHQELWWDQV\
|
||
PXVWDUGDQGFKLFNZHHG$SSO\WR
|
||
ZHHGVXSWRWKHOHDIVWDJHLQFKHV
|
||
LQKHLJKWRULQFKHVLQGLDPHWHU
|
||
ZKLFKHYHUFRPHVILUVW
|
||
:,/'&$5';75$
|
||
|
||
&KORUVXOIXURQ0HWVXOIXURQ
|
||
PHWK\O
|
||
|
||
|
||
QRQLRQLFVXUIDFWDQW
|
||
ôWRòSLQWV
|
||
$
|
||
OEV
|
||
EURPR[\QLO
|
||
DQG
|
||
OEV0&3$
|
||
|
||
5HIHUWR&KORUVXOIXURQ
|
||
DQG0HWVXOIXURQ
|
||
PHWK\OODEHOV
|
||
|
||
TWJDORIZDWHU
|
||
$SSO\WRZKHDWDQGEDUOH\IURP
|
||
WKHOHDIVWDJHEXWEHIRUHWKH
|
||
FURSUHDFKHVWKHERRWVWDJH
|
||
5HIHUWRFKORUVXOIXURQDQG
|
||
PHWVXOIXURQPHWK\OODEHOVIRU
|
||
FURSURWDWLRQDQGRWKHU
|
||
UHVWULFWLRQV
|
||
7KLVWDQNPL[LPSURYHVFRQWURORI
|
||
EURDGOHDIZHHGVVXFKDVKHQELWWDQV\
|
||
PXVWDUGDQGFKLFNZHHG$SSO\WR
|
||
ZHHGVXSWRWKHOHDIVWDJHLQFKHV
|
||
LQKHLJKWRULQFKHVLQGLDPHWHU
|
||
ZKLFKHYHUFRPHVILUVW
|
||
:,/'&$5';75$
|
||
|
||
0HWVXOIXURQPHWK\O
|
||
|
||
|
||
QRQLRQLFVXUIDFWDQW
|
||
|
||
ôWRòSLQWV$
|
||
OEV
|
||
EURPR[\QLO
|
||
DQG
|
||
OEV0&3$
|
||
|
||
5HIHUWR0HWVXOIXURQ
|
||
PHWK\OODEHO
|
||
|
||
TWJDORIZDWHU
|
||
|
||
$SSO\WRZKHDWDQGEDUOH\IURP
|
||
WKHOHDIVWDJHEXWEHIRUHWKH
|
||
FURSUHDFKHVWKHERRWVWDJH
|
||
5HIHUWRPHWVXOIXURQPHWK\O
|
||
ODEHOIRUFURSURWDWLRQDQGRWKHU
|
||
UHVWULFWLRQV
|
||
|
||
7KLVWDQNPL[LPSURYHVFRQWURORI
|
||
EURDGOHDIZHHGVVXFKDVKHQELWWDQV\
|
||
PXVWDUGDQGFKLFNZHHG$SSO\WR
|
||
ZHHGVXSWRWKHOHDIVWDJHLQFKHV
|
||
LQKHLJKWRULQFKHVLQGLDPHWHU
|
||
ZKLFKHYHUFRPHVILUVW
|
||
|
||
|
||
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
:+($7%$5/(<2$76$1'5<(
|
||
:,/'&$5';75$7$1.0,;785(/$%(/5$7(6
|
||
FRQWLQXHG
|
||
|
||
$33/,&$7,217,0,1*$1'63(&,),&',5(&7,216
|
||
352'8&7 5$7( &523 :(('6
|
||
:,/'&$5';75$
|
||
|
||
'LFDPED
|
||
|
||
ôWRòSLQWV
|
||
$
|
||
OEV
|
||
EURPR[\QLO
|
||
DQG
|
||
OEV0&3$
|
||
|
||
5HIHUWR'LFDPEDODEHO
|
||
|
||
)DOOVHHGHGZKHDWIURPWKH
|
||
OHDIVWDJHEXWEHIRUHMRLQWLQJ
|
||
6SULQJVHHGHGZKHDWIURPWKH
|
||
WROHDIVWDJHRIJURZWK
|
||
|
||
5HIHUWRGLFDPEDODEHOIRUFURS
|
||
URWDWLRQDQGRWKHUUHVWULFWLRQV
|
||
7KLVWDQNPL[LPSURYHVFRQWURORI
|
||
EURDGOHDYHVVXFKDVSURVWUDWH
|
||
NQRWZHHGDQGNRFKLD$SSO\WRZHHGV
|
||
XSWRWKHLQGLDPHWHUZKLFKHYHU
|
||
FRPHVILUVW$SSO\WRNRFKLDXSWR
|
||
LQFKHVLQKHLJKWRUGLDPHWHU
|
||
:,/'&$5';75$
|
||
|
||
7KLIHQVXOIXURQPHWK\O
|
||
7ULEHQXURQPHWK\O
|
||
|
||
|
||
QRQLRQLFVXUIDFWDQW
|
||
|
||
ôWRòSLQWV$
|
||
OEV
|
||
EURPR[\QLO
|
||
DQG
|
||
OEV0&3$
|
||
|
||
5HIHUWR
|
||
7KLIHQVXOIXURQPHWK\O
|
||
DQG7ULEHQXURQ
|
||
PHWK\OODEHOV
|
||
TWJDORIZDWHU
|
||
:LQWHUZKHDW$SSO\IURPWKH
|
||
OHDIVWDJHEXWEHIRUHWKH
|
||
UG
|
||
QRGHLVGHWHFWDEOH
|
||
5HIHUWRWKH+DUPRQ\([WUD
|
||
ODEHOIRU FURSURWDWLRQDQGRWKHU
|
||
UHVWULFWLRQV6SULQJZKHDWDQG
|
||
EDUOH\$SSO\DIWHUWKHOHDI
|
||
EXWEHIRUHWKH
|
||
VWQRGHLV
|
||
GHWHFWDEOH
|
||
5HIHUWRWKHWKLIHQVXOIXURQ
|
||
PHWK\ODQGWULEHQXURQPHWK\O
|
||
ODEHOIRUFURSURWDWLRQDQGRWKHU
|
||
UHVWULFWLRQV
|
||
|
||
7KLVWDQNPL[LPSURYHVFRQWURORI
|
||
EURDGOHDIZHHGVVXFKDVKHQELW
|
||
FKLFNZHHGDQGUHGURRWSLJZHHG
|
||
$SSO\WRZHHGVXSWRWKHOHDIVWDJH
|
||
LQFKHVLQKHLJKWRUDFURVVZKLFKHYHU
|
||
FRPHVILUVW
|
||
|
||
:,/'&$5';75$
|
||
|
||
7ULDVXOIXURQ
|
||
|
||
|
||
QRQLRQLFVXUIDFWDQW
|
||
|
||
ôWRòSLQWV$
|
||
OEV
|
||
EURPR[\QLO
|
||
DQG
|
||
OEV0&3$
|
||
|
||
5HIHUWR7ULDVXOIXURQ
|
||
ODEHO
|
||
|
||
WRYY
|
||
$SSO\WRZKHDWDQGEDUOH\IURP
|
||
WKHOHDIVWDJHEXWEHIRUHWKH
|
||
IODJOHDILVYLVLEOH
|
||
5HIHUWRWKHWULDVXOIXURQODEHO
|
||
IRUFURSURWDWLRQDQGRWKHU
|
||
UHVWULFWLRQV
|
||
|
||
7KLVWDQNPL[LPSURYHVFRQWURORI
|
||
EURDGOHDYHVVXFKDVKHQELWWDQV\
|
||
PXVWDUGDQGSLJZHHG$SSO\WRZHHGV
|
||
XSWRWKHOHDIVWDJHLQFKHVLQKHLJKW
|
||
RULQFKHVLQGLDPHWHUZKLFKHYHU
|
||
FRPHVILUVW
|
||
:,/'&$5';75$
|
||
|
||
7ULEHQXURQPHWK\O
|
||
|
||
|
||
QRQLRQLFVXUIDFWDQW
|
||
|
||
ôWRòSLQWV$
|
||
OEV
|
||
EURPR[\QLO
|
||
DQG
|
||
OEV0&3$
|
||
|
||
5HIHUWR7ULEHQXURQ
|
||
PHWK\OODEHO
|
||
|
||
TWJDORIZDWHU
|
||
|
||
|
||
$SSO\WRZKHDWDQGEDUOH\IURP
|
||
WKHOHDIVWDJHEXWEHIRUHWKH
|
||
IODJOHDILVYLVLEOH
|
||
5HIHUWRWKHWULEHQXURQPHWK\O
|
||
ODEHOIRUFURSURWDWLRQDQGRWKHU
|
||
UHVWULFWLRQV
|
||
|
||
7KLVWDQNPL[LPSURYHVFRQWURORI
|
||
EURDGOHDIZHHGVVXFKDVKHQELW
|
||
FKLFNZHHGUHGURRWSLJZHHGDQG
|
||
VXSSUHVVLRQRI&DQDGDWKLVWOH$SSO\
|
||
WRDQQXDOZHHGVXSWRWKHOHDIVWDJH
|
||
LQFKHVLQKHLJKWRUDFURVVZKLFKHYHU
|
||
FRPHVILUVWDQGWR&DQDGDWKLVWOHWR
|
||
LQFKHVWDOOZLWKWRLQFKHVRIQHZ
|
||
JURZWK
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
|
||
:+($7%$5/(<2$76$1'5<(
|
||
:,/'&$5';75$7$1.0,;785(/$%(/5$7(6
|
||
FRQWLQXHG
|
||
|
||
$33/,&$7,217,0,1*$1'63(&,),&',5(&7,216
|
||
352'8&7 5$7( &523 :(('6
|
||
:,/'&$5';75$
|
||
|
||
&ORS\UDOLG'RU0&3$
|
||
(VWHU
|
||
|
||
ôWRòSLQWV$
|
||
OEV
|
||
EURPR[\QLO
|
||
DQG
|
||
OEV0&3$
|
||
|
||
5HIHUWR&ORS\UDOLG
|
||
DQG'RU
|
||
&ORS\UDOLGDQG0&3$
|
||
ODEHOV
|
||
|
||
$SSO\WRZKHDWDQGEDUOH\DIWHU
|
||
WKHFURSEHJLQVWRWLOOHUXSWR
|
||
WKHVWQRGHGHWHFWDEOH
|
||
|
||
5HIHUWRWKHFORS\UDOLGDQG
|
||
'RUFORS\UDOLGDQG0&3$
|
||
ODEHOVIRUFURSURWDWLRQDQG
|
||
RWKHUUHVWULFWLRQV
|
||
|
||
7KLVWDQNPL[LPSURYHVFRQWURORI
|
||
NRFKLDZLOGEXFNZKHDWDQGVXSSUHVVLRQ
|
||
RI&DQDGDWKLVWOH$SSO\WRDQQXDO
|
||
EURDGOHDIZHHGVXSWRWKHOHDIVWDJH
|
||
LQFKHVLQKHLJKWRULQFKHVLQ
|
||
GLDPHWHUDQGWR&DQDGDWKLVWOHLQWKH
|
||
URVHWWHWRSUHEXGVWDJH
|
||
:,/'&$5';75$
|
||
|
||
0HWULEX]LQ
|
||
|
||
ôWRòSLQWV$
|
||
OEV
|
||
EURPR[\QLO
|
||
DQG
|
||
OEV0&3$
|
||
|
||
5HIHUWR0HWULEX]LQ
|
||
ODEHO
|
||
:LQWHUZKHDWLQ,GDKR2UHJRQ
|
||
DQG:DVKLQJWRQ$SSO\LQ
|
||
VSULQJDIWHUJURZWKKDVVWDUWHG
|
||
DQGVHFRQGDU\URRWVZLWKD
|
||
PLQLPXPRIWRWLOOHUVKDYH
|
||
EHHQHVWDEOLVKHGEXWEHIRUH
|
||
WKHIRUPLQJRIMRLQWVLQWKHVWHP
|
||
$YRLGDSSOLFDWLRQZKHQFURS
|
||
KDVH[SHULHQFHGZLQWHUNLOOIURVW
|
||
GDPDJHGLVHDVHRUGURXJKW
|
||
5HIHUWRWKH0HWULEX]LQODEHOIRU
|
||
FURSURWDWLRQDQGRWKHU
|
||
UHVWULFWLRQV
|
||
|
||
7KLVWDQNPL[LPSURYHVFRQWURORI
|
||
EURDGOHDIZHHGVVXFKDVFKLFNZHHG
|
||
ILODUHHKHQELW
|
||
$SSO\WRZHHGVXSWRWKHOHDIVWDJH
|
||
LQFKHVLQKHLJKWRUGLDPHWHUZKLFKHYHU
|
||
FRPHVILUVW$UHFRJQL]HGDXWKRULW\
|
||
VKRXOGEHFRQVXOWHGFRQFHUQLQJWKHXVH
|
||
RIWKLVPL[WXUHLQ\RXUDUHD
|
||
|
||
|
||
5(675,&7,216:KHDW%DUOH\2DWVDQG5\H
|
||
x'RQRWDSSO\PRUHWKDQSLQWVSURGXFWOEDH%URPR[\QLOSHUDFUHSHU\HDU
|
||
x'RQRWDSSO\PRUHWKDQOEDH0&3$SHUDFUHSHU\HDU
|
||
x'RQRWJUD]HWUHDWHGILHOGZLWKLQGD\VDIWHUDSSOLFDWLRQ
|
||
x'RQRWDSSO\ZKHQFURSVDUHXQGHUPRLVWXUHVWUHVV
|
||
x+DQGOHUVPXVWXVHFORVHGPL[LQJORDGLQJV\VWHPVGXULQJPL[LQJDQGORDGLQJOLTXLGVIRUDHULDODSSOLFDWLRQWREDUOH\
|
||
IOD[RDWVSDVWXUHDQGUDQJHODQGJUDVVU\HZKHDWDQGJUDVVJURZQIRUVHHG
|
||
x'RQRWDSSO\ZKHQFURSFDQRS\FRYHUVWKHZHHGVDVSRRUFRQWUROZLOOUHVXOW
|
||
x'RQRWDSSO\SODQWURWDWLRQDOFURSVZLWKLQGD\VIROORZLQJDSSOLFDWLRQRIWKLVSURGXFW
|
||
35(&$87,216:KHDW%DUOH\2DWVDQG5\H
|
||
x5HGXFHGZHHGFRQWUROPD\RFFXUZKHQZHHGVDUHVWUHVVHGIURPODFNRIPRLVWXUHRUFROGWHPSHUDWXUHV
|
||
x5HIHUWRODEHOVRISURGXFWVXVHGLQWDQNPL[WXUHIRUDGGLWLRQDOUHVWULFWLRQVDQGSUHFDXWLRQV
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
&216(59$7,215(6(59(352*5$0$5($6&53
|
||
:,/'&$5';75$/$%(/5$7(6
|
||
|
||
$33/,&$7,217,0,1*$1'63(&,),&',5(&7,216
|
||
352'8&7 5$7( &523 :(('6
|
||
:,/'&$5';75$ SLQWV$ $SSO\WRJUDVVHVIURPWKH
|
||
OHDIVWDJH
|
||
$SSO\SLQW$WR0267686&(37,%/(DQG
|
||
WRSLQWV$WR686&(37,%/(
|
||
EURDGOHDIZHHGVXSWRWKHOHDIVWDJH
|
||
LQFKHVLQKHLJKWRULQFKHVLQGLDPHWHU
|
||
ZKLFKHYHUFRPHVILUVW
|
||
|
||
5(675,&7,216&53$5($6
|
||
x'RQRWDOORZOLYHVWRFNWRJUD]HLQWUHDWHGDUHDVRUIHHGWUHDWHGJUDVVWROLYHVWRFN
|
||
x'RQRWDSSO\PRUHWKDQSLQWVSURGXFWOEDH%URPR[\QLOSHUDFUHLQDVLQJOHJURZLQJVHDVRQ
|
||
x'RQRWDSSO\PRUHWKDQOERI:,/'&$5';75$DHDFUHSHU\HDU
|
||
x'RQRWDSSO\PRUHWKDQDSSOLFDWLRQVSHU\HDUZLWKDPLQLPXPUHWUHDWPHQWLQWHUYDORIGD\V
|
||
35(&$87,216&53$5($6
|
||
x,IOHJXPHVDUHLQFOXGHGLQ&53DUHDSODQWLQJVHYHUHLQMXU\PD\RFFXUWROHJXPHVWUHDWHGZLWK:,/'&$5'
|
||
;75$
|
||
|
||
|
||
*5$66(6*52:1)256(('352'8&7,21
|
||
:,/'&$5';75$/$%(/5$7(6
|
||
6HHGOLQJDQG(VWDEOLVKHG*UDVVHV
|
||
|
||
$33/,&$7,217,0,1*$1'63(&,),&',5(&7,216
|
||
|
||
352'8&7
|
||
5$7(
|
||
3HU$&5(
|
||
5$7(
|
||
SHUVTIW
|
||
|
||
&523
|
||
|
||
:(('6
|
||
:,/'&$5'
|
||
;75$
|
||
WR3LQWV WR)O2]$SSO\WRHVWDEOLVKHGDQGQHZO\VHHGHGJUDVVHV
|
||
JURZQIRUVHHGRUVRGSURGXFWLRQEHIRUHWKH
|
||
ERRWVWDJH(VWDEOLVKHGJUDVVHVWROHUDQWWR
|
||
:,/'&$5';75$LQFOXGHEHQWJUDVVHV
|
||
.HQWXFN\%OXHJUDVV)HVFXHV5\HJUDVV
|
||
%HUPXGDJUDVV6W$XJXVWLQHJUDVVDQG
|
||
=R\VLDJUDVV
|
||
:,/'&$5';75$PD\DOVREHXVHGRQ
|
||
VHHGOLQJJUDVVHVVXFKDV0HULRQ3DUN'HOWDRU
|
||
FRPPRQ.HQWXFN\%OXHJUDVVHV3HQQODZQ
|
||
&KHZLQJV,OODKHHRU$OWD)HVFXHV2UFKDUG
|
||
JUDVV+LJKODQG6HDVLGHRU$VWRULD
|
||
%HQWJUDVVHVSHUHQQLDO5\HJUDVVHV%DKLDJUDVV
|
||
DQG=R\VLDJUDVV
|
||
5HIHUWRWKH*(1(5$/
|
||
:(('/,67IRUDOLVWLQJRI
|
||
VXVFHSWLEOHEURDGOHDI
|
||
ZHHGV
|
||
2SWLPDOFRQWUROZLOOEH
|
||
DWWDLQHGZKHQZHHGVDUH
|
||
WUHDWHGLQWKHVHHGOLQJ
|
||
VWDJHOHVVWKDQOHDI
|
||
VWDJHLQFKHVLQKHLJKW
|
||
RULQFKLQGLDPHWHU
|
||
|
||
:,/'&$5'
|
||
;75$
|
||
&KHPLJDWLRQ
|
||
SLQWV$RQO\
|
||
|
||
WRSLQWV
|
||
)O2]
|
||
|
||
|
||
WRIOR]
|
||
$SSO\WRHVWDEOLVKHGDQGQHZO\VHHGHGJUDVVHV
|
||
JURZQIRUVHHGRUVRGSURGXFWLRQEHIRUHWKH
|
||
ERRWVWDJH
|
||
$SSO\WKURXJKDXWRPDWHGVSULQNOHULUULJDWLRQ
|
||
V\VWHPVZLWKPHFKDQLFDOWUDQVIHUORDGLQJ
|
||
V\VWHPRQO\
|
||
6HH0,;,1*/2$',1*$1'+$1'/,1*
|
||
,16758&7,216VHFWLRQIRUFRPSOHWHGHWDLOV
|
||
5HIHUWRWKHOLVWRIHVWDEOLVKHGJUDVVHVWKDWDUH
|
||
WROHUDQWWR:,/'&$5';75$
|
||
|
||
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
|
||
5(675,&7,216*UDVVHVJURZQIRUVHHGRUVRGSURGXFWLRQ
|
||
'RQRWDSSO\PRUHWKDQSLQWVSURGXFWOEDH%URPR[\QLOSHUDFUHSHU\HDU
|
||
'RQRWDSSO\PRUHWKDQOEDH0&3$SHUDFUHSHU\HDU
|
||
'RQRWDSSO\PRUHWKDQDSSOLFDWLRQVSHU\HDUZLWKDPLQLPXPUHWUHDWPHQWLQWHUYDORIGD\V
|
||
'RQRWDOORZOLYHVWRFNWRJUD]HLQWUHDWHGDUHDVRUIHHGWUHDWHGJUDVVHVWROLYHVWRFN
|
||
'RQRWDSSO\:,/'&$5';75$WRJUDVVHVJURZQIRUVHHGSURGXFWLRQZLWKEDFNSDFNRUKDQGKHOGDSSOLFDWLRQHTXLSPHQW
|
||
+DQGOHUVPXVWXVHFORVHGPL[LQJORDGLQJV\VWHPVGXULQJPL[LQJDQGORDGLQJOLTXLGVIRUDHULDODSSOLFDWLRQWR
|
||
EDUOH\IOD[RDWVSDVWXUHDQGUDQJHODQGJUDVVU\HZKHDWDQGJUDVVJURZQIRUVHHG
|
||
|
||
)/$;/LQXPXVLWDWLVVLXPRQO\
|
||
:,/'&$5';75$/$%(/5$7(6
|
||
$33/,&$7,217,0,1*$1'63(&,),&',5(&7,216
|
||
352'8&7 5$7( &523 :(('6
|
||
:,/'&$5';75$ SLQWSLQWDF $SSO\WRIOD[WRLQFKHVLQKHLJKW
|
||
'RQRWDSSO\:,/'&$5';75$WR
|
||
IOD[GXULQJRUDIWHUWKHEXGVWDJH
|
||
$SSO\WR0267686&(37,%/(ZHHGV
|
||
WKDWGRQRWH[FHHGWKHOHDIVWDJH
|
||
LQFKHVLQKHLJKWRULQFKLQGLDPHWHU
|
||
ZKLFKHYHUFRPHVILUVW
|
||
|
||
|
||
5(675,&7,216)OD[/LQXPXVLWDWLVVLXPRQO\
|
||
x'RQRWDSSO\PRUHWKDQSLQW:,/'&$5';75$OEDH0&3$SHUDFUHLQDVLQJOHJURZLQJVHDVRQ
|
||
x'RQRWDSSO\LIWHPSHUDWXUHVDUHH[SHFWHGWRH[FHHG)DWRUGD\VIROORZLQJDSSOLFDWLRQRUFURSLQMXU\PD\
|
||
RFFXU
|
||
x+DQGOHUVPXVWXVHFORVHGPL[LQJORDGLQJV\VWHPVGXULQJPL[LQJDQGORDGLQJOLTXLGVIRUDHULDODSSOLFDWLRQWREDUOH\
|
||
IOD[RDWVSDVWXUHDQGUDQJHODQGJUDVVU\HZKHDWDQGJUDVVJURZQIRUVHHG
|
||
x'RQRWXVHRQRUQDPHQWDOIOD[
|
||
x'RQRWSODQWURWDWLRQFURSVZLWKLQGD\VIROORZLQJDSSOLFDWLRQRIWKLVSURGXFW
|
||
35(&$87,216)OD[/LQXPXVLWDWLVVLXPRQO\
|
||
x8QDFFHSWDEOHFURSLQMXU\PD\RFFXUIROORZLQJ:,/'&$5';75$DSSOLFDWLRQWRIOD[JURZQRQKLJKRUJDQLFSHDW
|
||
W\SHVRLOV
|
||
x$SSOLFDWLRQXQGHUKLJKKXPLGLW\FRQGLWLRQVFDQLQMXUHIOD[
|
||
x8QOHVVRWKHUZLVHLQVWUXFWHGGRQRWDSSO\:,/'&$5';75$WRIOD[ZLWKFURSRLOFRQFHQWUDWHVXUIDFWDQWVRU
|
||
QLWURJHQVROXWLRQV
|
||
|
||
6725$*($1'',6326$/
|
||
6725$*('RQRWFRQWDPLQDWHZDWHUIRRGRUIHHGE\VWRUDJHRUGLVSRVDO2SHQGXPSLQJLVSURKLELWHG6WRUHDW
|
||
WHPSHUDWXUHVDERYH),IDOORZHGWRIUHH]HUHPL[EHIRUHXVLQJ
|
||
|
||
3(67,&,'(',6326$/:DVWHVUHVXOWLQJIURPWKHXVHRIWKLVSURGXFWPD\EHGLVSRVHGRIRQVLWHRUDWDQDSSURYHGZDVWH
|
||
GLVSRVDOIDFLOLW\
|
||
|
||
&217$,1(5+$1'/,1*
|
||
1215(),//$%/(&217$,1(5(48$/7225/(667+$1*$//216
|
||
1RQUHILOODEOHFRQWDLQHU'RQRWUHXVHRUUHILOO
|
||
WKLVFRQWDLQHU7ULSOHULQVHFRQWDLQHURUHTXLYDOHQWSURPSWO\DIWHUHPSW\LQJ7ULSOHULQVHDVIROORZV(PSW\WKHUHPDLQLQJ
|
||
FRQWHQWVLQWRDSSOLFDWLRQHTXLSPHQWRUDPL[WDQNDQGGUDLQIRUVHFRQGVDIWHUWKHIORZEHJLQVWRGULS)LOOWKHFRQWDLQHUó
|
||
IXOOZLWKZDWHUDQGUHFDS6KDNHIRUVHFRQGV3RXUULQVDWHLQWRDSSOLFDWLRQHTXLSPHQWRUDPL[WDQNRUVWRUHULQVDWHIRU
|
||
ODWHUXVHRUGLVSRVDO'UDLQIRUVHFRQGVDIWHUWKHIORZEHJLQVWRGULS5HSHDWWKLVSURFHGXUHWZRPRUHWLPHV2IIHUIRU
|
||
UHF\FOLQJLIDYDLODEOHRUSXQFWXUHDQGGLVSRVHRILQDVDQLWDU\ODQGILOORULQFLQHUDWLRQRUE\RWKHUSURFHGXUHVDSSURYHGE\
|
||
VWDWHDQGORFDODXWKRULWLHV
|
||
|
||
|
||
)LOHQDPH:LOGFDUG;7UD&/1GRF
|
||
|
||
1215(),//$%/(&217$,1(5*5($7(57+$1*$//2161RQUHILOODEOHFRQWDLQHU'RQRWUHXVHRUUHILOOWKLV
|
||
FRQWDLQHU7ULSOHULQVHFRQWDLQHURUHTXLYDOHQWSURPSWO\DIWHUHPSW\LQJ7ULSOHULQVHDVIROORZV(PSW\WKHUHPDLQLQJ
|
||
FRQWHQWVLQWRDSSOLFDWLRQHTXLSPHQWRUDPL[WDQN)LOOWKHFRQWDLQHUóIXOOZLWKZDWHU5HSODFHDQGWLJKWHQFORVXUHV7LS
|
||
FRQWDLQHURQLWVVLGHDQGUROOLWEDFNDQGIRUWKHQVXULQJDWOHDVWRQHFRPSOHWHUHYROXWLRQIRUVHFRQGV6WDQGWKH
|
||
FRQWDLQHURQLWVHQGDQGWLSLWEDFNDQGIRUWKVHYHUDOWLPHV7XUQWKHFRQWDLQHURYHURQWRLWVRWKHUHQGDQGWLSLWEDFNDQG
|
||
IRUWKVHYHUDOWLPHV(PSW\WKHULQVDWHLQWRDSSOLFDWLRQHTXLSPHQWRUDPL[WDQNRUVWRUHULQVDWHIRUODWHUXVHRUGLVSRVDO
|
||
5HSHDWWKLVSURFHGXUHWZRPRUHWLPHV2IIHUIRUUHF\FOLQJLIDYDLODEOHRUSXQFWXUHDQGGLVSRVHRILQDVDQLWDU\ODQGILOORU
|
||
LQFLQHUDWLRQRUE\RWKHUSURFHGXUHVDSSURYHGE\VWDWHDQGORFDODXWKRULWLHV
|
||
|
||
5(),//$%/(&217$,1(56/$5*(57+$1*$//2165HILOODEOHFRQWDLQHU5HILOOWKLVFRQWDLQHUZLWKSHVWLFLGHRQO\
|
||
'RQRWUHXVHWKLVFRQWDLQHUIRUDQ\RWKHUSXUSRVH,IXQDEOHWRUHILOORIIHUIRUUHF\FOLQJLIDYDLODEOHRUSXQFWXUHDQGGLVSRVHRI
|
||
LQDVDQLWDU\ODQGILOORUE\LQFLQHUDWLRQRUE\RWKHUSURFHGXUHVDSSURYHGE\VWDWHDQGORFDODXWKRULWLHV&OHDQLQJWKH
|
||
FRQWDLQHUEHIRUHILQDOGLVSRVDOLVWKHUHVSRQVLELOLW\RIWKHSHUVRQGLVSRVLQJRIWKHFRQWDLQHU&OHDQLQJEHIRUHUHILOOLQJLVWKH
|
||
UHVSRQVLELOLW\RIWKHUHILOOHU3ULRUWRUHILOOLQJLQVSHFWWKRURXJKO\IRUGDPDJHVXFKDVFUDFNVSXQFWXUHVDEUDVLRQVDQG
|
||
GDPDJHGRUZRUQRXWWKUHDGVRQFORVXUHGHYLFHV'RQRWUHILOORUWUDQVSRUWGDPDJHGRUOHDNLQJFRQWDLQHUV&KHFNIRUOHDNV
|
||
DIWHUUHILOOLQJDQGEHIRUHWUDQVSRUWDWLRQ'RQRWUHILOORUWUDQVSRUWGDPDJHGRUOHDNLQJFRQWDLQHUV7RFOHDQWKHFRQWDLQHU
|
||
EHIRUHILQDOGLVSRVDOHPSW\WKHUHPDLQLQJFRQWHQWVIURPWKLVFRQWDLQHULQWRDSSOLFDWLRQHTXLSPHQWRUPL[WDQN)LOOWKH
|
||
FRQWDLQHUDERXWSHUFHQWIXOOZLWKZDWHU$JLWDWHYLJRURXVO\RUUHFLUFXODWHZDWHUZLWKWKHSXPSIRUPLQXWHV3RXURUSXPS
|
||
ULQVDWHLQWRDSSOLFDWLRQHTXLSPHQWRUULQVDWHFROOHFWLRQV\VWHP5HSHDWWKLVULQVLQJSURFHGXUHWZRPRUHWLPHV
|
||
|
||
&21',7,2162)6$/(/,0,7(':$55$17<
|
||
$1'/,0,7$7,2162)/,$%,/,7<$1'5(0(',(6
|
||
5HDGWKH&RQGLWLRQVRI6DOH:DUUDQW\DQG/LPLWDWLRQVRI/LDELOLW\DQG5HPHGLHVEHIRUHXVLQJWKLVSURGXFW,IWKH
|
||
WHUPVDUHQRWDFFHSWDEOHUHWXUQWKHSURGXFWXQRSHQHGDQGWKHIXOOSXUFKDVHSULFHZLOOEHUHIXQGHG
|
||
|
||
7KHGLUHFWLRQVRQWKLVODEHODUHEHOLHYHGWREHUHOLDEOHDQGPXVWEHIROORZHGFDUHIXOO\,QVXIILFLHQWFRQWURORISHVWVDQGRU
|
||
LQMXU\ WR WKH FURS WR ZKLFK WKH SURGXFW LV DSSOLHG PD\ UHVXOW IURP WKH RFFXUUHQFH RI H[WUDRUGLQDU\ RU XQXVXDO ZHDWKHU
|
||
FRQGLWLRQVRUWKHIDLOXUHWRIROORZWKHODEHOGLUHFWLRQVRUJRRGDSSOLFDWLRQSUDFWLFHVDOORIZKLFKDUHEH\RQGWKHFRQWURORI
|
||
+HOHQD$JUL(QWHUSULVHV//&WKH&RPSDQ\RUVHOOHU,QDGGLWLRQ IDLOXUH WR IROORZ ODEHO GLUHFWLRQV PD\FDXVH LQMXU\ WR
|
||
FURSVDQLPDOVPDQRUWKHHQYLURQPHQW7KH&RPSDQ\ZDUUDQWVWKDWWKLVSURGXFWFRQIRUPVWRWKHFKHPLFDOGHVFULSWLRQRQ
|
||
WKHODEHODQGLVUHDVRQDEO\ILWIRUWKHSXUSRVHUHIHUUHGWRLQWKHGLUHFWLRQVIRUXVHVXEMHFWWRWKHIDFWRUVQRWHGDERYHZKLFK
|
||
DUH EH\RQG WKH FRQWURO RI WKH &RPSDQ\ 7R WKH H[WHQW FRQVLVWHQW ZLWK DSSOLFDEOH ODZ WKH &RPSDQ\ PDNHV QR RWKHU
|
||
ZDUUDQWLHV RU UHSUHVHQWDWLRQV RI DQ\ NLQG H[SUHVV RU LPSOLHGFRQFHUQLQJ WKH SURGXFW LQFOXGLQJ QR LPSOLHG ZDUUDQW\ RI
|
||
PHUFKDQWDELOLW\RUILWQHVVIRUDQ\SDUWLFXODUSXUSRVHDQGQRVXFKZDUUDQW\VKDOOEHLPSOLHGE\ODZ
|
||
|
||
7RWKHH[WHQWFRQVLVWHQWZLWKDSSOLFDEOHODZWKHH[FOXVLYHUHPHG\DJDLQVWWKH&RPSDQ\IRUDQ\FDXVHRIDFWLRQUHODWLQJWR
|
||
WKHKDQGOLQJRUXVHRIWKLVSURGXFWVKDOOEHOLPLWHGWRDW+HOHQD$JUL(QWHUSULVHV//&¶VHOHFWLRQRQHRIWKHIROORZLQJ
|
||
|
||
|
||
5HIXQGRIWKHSXUFKDVHSULFHSDLGE\EX\HURUXVHUIRUSURGXFWERXJKWRU
|
||
5HSODFHPHQWRIWKHSURGXFWXVHG
|
||
|
||
7RWKHH[WHQWFRQVLVWHQWZLWKDSSOLFDEOHODZWKH&RPSDQ\VKDOOQRWEHOLDEOHDQGDQ\DQGDOOFODLPVDJDLQVWWKH&RPSDQ\
|
||
DUHZDLYHGIRUVSHFLDOLQGLUHFWLQFLGHQWDORUFRQVHTXHQWLDOGDPDJHVRUH[SHQVHRIDQ\QDWXUHLQFOXGLQJEXWQRWOLPLWHGWR
|
||
ORVVRISURILWVRULQFRPH7KH&RPSDQ\DQGWKHVHOOHURIIHUWKLVSURGXFWDQGWKHEX\HUDQGXVHUDFFHSWLWVXEMHFWWRWKH
|
||
IRUHJRLQJFRQGLWLRQVRIVDOHDQGOLPLWDWLRQRIZDUUDQW\OLDELOLW\DQGUHPHGLHV
|
||
|
||
&RS\ULJKW+HOHQD+ROGLQJ&RPSDQ\
|
||
|
||
:,/'&$5'LVDUHJLVWHUHGWUDGHPDUNRI+HOHQD+ROGLQJ&RPSDQ\
|