crop-chem-docs/corpus/epa_ppls/5905-302.md

MITE-E-OIL®

• EPA Reg No: 5905-302
• Registrant: HELENA AGRI-ENTERPRISES, LLC, D/B/A HELENA CHEMICAL COMP
• Signal word: Caution
• Active ingredients: Mineral oil - includes paraffin oil from 063503 (90%)
• Label accepted: 2022-09-28
• Source PDF: https://www3.epa.gov/pesticides/chem_search/ppls/005905-00302-20220928.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: MITE-E-OIL EPA Registration Number: 5905-302 Application Date: 5/18/2020 Decision Number: 563021

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. 5905-302 Decision No. 563021

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

)LOHQDPH0LWH(2LO&/1     ,16(&7,&,'(0,7,&,'(635$< $&7,9(,15(',(17 0LQHUDORLO ««««««««««««« ,1(57,15(',(176 727$/««««««««««««« 3HWUROHXP2LO0LQ8QVXOIRQDWHG5HVLGXH

&RQWDLQVSHWUROHXPGLVWLOODWHV 3URWHFWHGE\863DWHQW .((32872)5($&+2)&+,/'5(1 &$87,21 6HH,QVLGH3DQHOIRU$GGLWLRQDO3UHFDXWLRQDU\6WDWHPHQWV ),567$,' ,),1(<(6 x +ROGH\HRSHQDQGULQVHVORZO\DQGJHQWO\ZLWKZDWHUIRUPLQXWHV x 5HPRYHFRQWDFWOHQVHVLISUHVHQWDIWHUWKHILUVWPLQXWHVWKHQFRQWLQXHULQVLQJ x &DOODSRLVRQFRQWUROFHQWHURUGRFWRUIRUWUHDWPHQWDGYLFH ,)216.,125 &/27+,1*  x 7DNHRIIFRQWDPLQDWHGFORWKLQJ x 5LQVHVNLQLPPHGLDWHO\ZLWKSOHQW\RIZDWHUIRUPLQXWHV x &DOODSRLVRQFRQWUROFHQWHURUGRFWRUIRUWUHDWPHQWDGYLFH ,)6:$//2:('  x &DOODSRLVRQFRQWUROFHQWHURUGRFWRULPPHGLDWHO\IRUWUHDWPHQWDGYLFH x 'RQRWLQGXFHYRPLWLQJXQOHVVWROGWRE\DSRLVRQFRQWUROFHQWHURUGRFWRU x 'RQRWJLYHDQ\OLTXLGWRDSHUVRQ x 'RQRWJLYHDQ\WKLQJE\PRXWKWRDQXQFRQVFLRXVSHUVRQ ,),1+$/('  x 0RYHSHUVRQWRIUHVKDLU x ,ISHUVRQLVQRWEUHDWKLQJFDOORUDQDPEXODQFHWKHQJLYHDUWLILFLDOUHVSLUDWLRQ SUHIHUDEO\PRXWKWRPRXWKLISRVVLEOH x &DOODSRLVRQFRQWUROFHQWHURUGRFWRUIRUIXUWKHUWUHDWPHQWDGYLFH +DYHWKHSURGXFWFRQWDLQHURUODEHOZLWK\RXZKHQFDOOLQJDSRLVRQFRQWUROFHQWHURUGRFWRURUJRLQJIRUWUHDWPHQW,QFDVH RIHPHUJHQF\FDOO&KHPWUHFDW 127(723+<6,&,$17KLVSURGXFWFRQWDLQVSHWUROHXPGLVWLOODWHVDQGPD\SRVHDQDVSLUDWLRQSQHXPRQLDKD]DUG'R QRWLQGXFHYRPLWLQJ (3$5(*12$ '         ( 3 $  ( 6 7  1 2    1 ( 7  & 2 1 7 ( 1 7 6   0$18)$&785(')25 +(/(1$$5,(17(535,6(6//& 6&+,//,1%28/(9$5'68,7( &2//,(59,//(71 Sep 28, 2022 5905-302

 )LOHQDPH0LWH(2LO&/1     35(&$87,21$5<67$7(0(176 +$=$5'72+80$16 '20(67,&$1,0$/6 &$87,21 +DUPIXOLIDEVRUEHGWKURXJKVNLQ$YRLGFRQWDFWZLWKH\HVVNLQRUFORWKLQJ3URORQJHGRUIUHTXHQWO\UHSHDWHGVNLQFRQWDFW PD\FDXVHDOOHUJLFUHDFWLRQVLQVRPHLQGLYLGXDOV  3(5621$/3527(&7,9((48,30(17  +DQGOHUVPXVWZHDU x ORQJVOHHYHVKLUWORQJSDQWVDQG x VKRHVSOXVVRFNV  6HH(1*,1((5,1&21752/6IRUDGGLWLRQDOUHTXLUHPHQWV  )ROORZPDQXIDFWXUHU VLQVWUXFWLRQVIRUFOHDQLQJPDLQWDLQLQJ33(,IQRVXFKLQVWUXFWLRQVIRUZDVKDEOHVH[LVWXVHGHWHUJHQW DQGKRWZDWHU.HHSDQGZDVK33(VHSDUDWHO\IURPRWKHUODXQGU\  'LVFDUGFORWKLQJDQGRWKHUPDWHULDOVWKDWKDYHEHHQGUHQFKHGRUKHDYLO\FRQWDPLQDWHGZLWKWKHSURGXFW¶VFRQFHQWUDWH'R QRWUHXVHWKHP  :KHQKDQGOHUVXVHFORVHGV\VWHPVHQFORVHGFDEVRUDLUFUDIWLQDPDQQHUWKDWPHHWVWKHUHTXLUHPHQWVOLVWHGLQWKH :RUNHU3URWHFWLRQ6WDQGDUG:36IRUDJULFXOWXUDOSHVWLFLGHV>&)5G@WKHKDQGOHU33(UHTXLUHPHQWV PD\EHUHGXFHGRUPRGLILHGDVVSHFLILHGLQWKH:36  86(56$)(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 

 )LOHQDPH0LWH(2LO&/1       $5,&8/785$/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 x FRYHUDOOV x VKRHVSOXVVRFNVDQG x FKHPLFDOUHVLVWDQWJORYHVPDGHRIDQ\ZDWHUSURRIPDWHULDO   121$5,&8/785$/86(5(48,5(0(176 7KHUHTXLUHPHQWVLQWKLVER[DSSO\WRXVHVRIWKLVSURGXFWWKDWDUH127ZLWKLQWKHVFRSHRI:RUNHU3URWHFWLRQ6WDQGDUG IRUDJULFXOWXUDOSHVWLFLGHV&)53DUW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±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]]OHVHQHUDOO\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  

 )LOHQDPH0LWH(2LO&/1      7(03(5$785($1'+80,',7< :KHQPDNLQJDSSOLFDWLRQVLQKRWDQGGU\FRQGLWLRQVXVHODUJHUGURSOHWVWRUHGXFHHIIHFWVRIHYDSRUDWLRQ  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/,&$7,216'85,1867<:,1'&21',7,216 $SSOLFDWRUVQHHGWREHIDPLOLDUZLWKORFDOZLQGSDWWHUQVDQGWHUUDLQWKDWFRXOGDIIHFWVSUD\GULIW´  %RRPOHVVURXQG$SSOLFDWLRQV 6HWWLQJQR]]OHVDWWKHORZHVWHIIHFWLYHKHLJKWZLOOKHOSWRUHGXFHWKHSRWHQWLDOIRUVSUD\GULIW  +DQGKHOG7HFKQRORJ\$SSOLFDWLRQV 7DNHSUHFDXWLRQVWRPLQLPL]HVSUD\GULIW   352'8&7,1)250$7,21  0,7((2,/ŠLVDVSHFLDOEOHQGRIUHILQHGSK\WREODQGRLOVWKDWIXQFWLRQDVDFRQWDFWLQVHFWLFLGHDQGPLWLFLGH7KH VXUIDFWDQWHPXOVLILHUFRPSRQHQWVRI0,7((2,/ŠPRGLI\WKHZHWWLQJDQGGHSRVLWLRQFKDUDFWHULVWLFVRIWKHVSUD\GURSOHWV WRLPSURYHVSUD\DSSOLFDWLRQV  86(5(675,&7,216$1'35(&$87,216  7KHVSUD\WDQNPXVWEHIUHHRIDQ\VXOIXUUHVLGXHEHIRUHXVLQJ0,7((2,/ŠIRUDSSOLFDWLRQVWRIROLDJH8QOHVVRWKHUZLVH LQVWUXFWHGE\WKLVODEHOGRQRWFRPELQHVXOIXUVSUD\VZLWK0,7((2,/ŠRQIROLDJHDQGIRUSODQWVDIHW\GRQRWIROORZD SUHYLRXVDSSOLFDWLRQRIVXOIXURUDSSO\VXOIXUIROORZLQJ0,7((2,/ŠXQWLODWOHDVWGD\VKDYHHODSVHG,ILQGRXEWVSUD\ DSRUWLRQRIRQHWUHHSUHYLRXVO\WUHDWHGZLWKVXOIXUXVLQJTXDUWRI0,7(2,/ŠWRJDOORQVZDWHU,IVXIILFLHQWWLPHKDV QRWHODSVHGEXUQZLOOVKRZLQVHYHUDOGD\V  0,7((2,/ŠFDQEHXVHGZLWKUHJLVWHUHGODEHOUDWHVRIRWKHUSHVWLFLGHV  ,IWHPSHUDWXUHVGURSSHGEHORZ R)LQFOXGLQJRYHUQLJKWORZV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$GGHQRXJKZDWHUWRWKHPL[LQJWDQNIRUSURSHUDJLWDWLRQ $GGQXWULHQWVDQGRWKHUSHVWLFLGHV,IGU\SHVWLFLGHSURGXFWVDUHXVHGPL[WKHPDWHULDOVZLWKZDWHUWKRURXJKO\VRWKDW WKH\DUHFRPSOHWHO\GLVSHUVHGLQWKHPL[LQJWDQN'2127DGG0,7((2,/ŠEHIRUHDXQLIRUPPL[WXUHLVREWDLQHG

 )LOHQDPH0LWH(2LO&/1     0DLQWDLQDJLWDWLRQRIWKHPL[XQWLOWKHVSUD\LVDSSOLHG)OXVKDQ\VSUD\PL[UHPDLQLQJLQKRVHVEDFNLQWRWKHWDQNLIWKH VROXWLRQVWDQGVIRUPRUHWKDQPLQXWHV (QVXUHWKDWVSUD\HTXLSPHQWLVWKRURXJKO\FOHDQVRWKDWUHVLGXHVIURPRWKHUDSSOLFDWLRQVGRQRWUHPDLQ  $/)$/)$6HHG&URS2QO\8VHTXDUWRISURGXFWSHUDFUHLQDPLQLPXPRIJDOORQVRIZDWHUSHUDFUHIRUJURXQG DSSOLFDWLRQVDQGLQDPLQLPXPRIJDOORQVZDWHUSHUDFUHIRUDHULDODSSOLFDWLRQVZKHQXVHGLQFRPELQDWLRQDQGDWWKH ODEHOHGUDWHVZLWKLQVHFWLFLGHVRUPLWLFLGHVWKDWDUHODEHOHGIRUXVHZLWKRLOVSUD\V7RLQFUHDVHWKHHIIHFWLYHQHVVRI GHVVLFDQWVDSSO\JDOORQVRISURGXFWSHUDFUHE\DLULQDPLQLPXPRIJDOORQVRIZDWHU7KLVXVHLVOLPLWHGWR KHUELFLGHGHVVLFDQWSURGXFWVODEHOHGIRUDOIDOIDVHHGGHVVLFDWLRQ6SLGHU0LWHV8VHTXDUWRISURGXFWSHUDFUHDWWKH GLOXWLRQUDWHVLQGLFDWHGDERYH  $/021'6$35,&276&+(55,(61(&7$5,1(63($&+(63/8063581(6'RUPDQWRU'HOD\HG'RUPDQW 'LOXWHVSUD\%URZQ$SULFRW6FDOH%ODFN6FDOH6DQ-RVH6FDOH2OLYH6FDOH3DUODWRULD6FDOH2OHDQGHU6FDOH)URVWHG 6FDOH,WDOLDQ3HDU6FDOH(XURSHDQ)UXLW/HFDQLXP3XWQDP6FDOH6RIW%URZQ6FDOHRWKHU6FDOH,QVHFWV(JJVRI $SKLGV5HG6SLGHU0LWHVDQG%URZQ0LWHV8VHòWRJDOORQVLQWRJDOORQVRIZDWHUSHUDFUH&RQFHQWUDWH 6SUD\8VHWRJDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIVSUD\$OPRQGVDQG$SULFRWV(XURSHDQ5HG0LWH %URZQ0LWH6DQ-RVH6FDOH±8VHWRJDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIVSUD\6SULQJRU6XPPHU'LOXWH 6SUD\7ZRVSRWWHG0LWHV3DFLILF0LWHV(XURSHDQ5HG0LWHVDQG%URZQ0LWHV8VHWRJDOORQVLQWRJDOORQV RIZDWHUSHUDFUH6SULQJRU6XPPHU&RQFHQWUDWH8VHWRJDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIVSUD\$HULDO $SSOLFDWLRQ8VHDWOHDVWDQGQRPRUHWKDQJDOORQVRISURGXFWLQDPLQLPXPRIJDOORQVRIVSUD\3OXPVDQG3UXQHV ±'LOXWH6SUD\3HDFK7ZLJ%RUHU±$SSO\WRJDOORQVRIVSUD\VROXWLRQXVLQJòJDOORQVSHUJDOORQVRI ZDWHU&RQFHQWUDWH6SUD\8VHWRJDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIZDWHU$HULDO$SSOLFDWLRQ8VHWR JDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIVSUD\  $33/(65XVW0LWH8VHòWRJDOORQVRISURGXFWLQWRJDOORQVRIZDWHUSHUDFUHIRU'HOD\HG'RUPDQW DSSOLFDWLRQVDQGWRòJDOORQVSHUDFUHLQDPLQLPXPRIJDOORQVRIVSUD\IRU6XPPHU8VH  $33/(63($56'RUPDQWRU'HOD\HG'RUPDQW'LOXWH6SUD\6DQ-RVH6FDOH3HDU6FDOH(JJVRI$SKLGV5HG 6SLGHU0LWHV5XVW0LWHV$SSOHVRQO\GHOD\HGGRUPDQW8VHòWRJDOORQVLQWRJDOORQVRIZDWHUSHUDFUH 3HDUVRQO\'HOD\HGGRUPDQW3HDU3V\OOD'LOXWHVSUD\±DSSO\WRJDOORQVRIVROXWLRQXVLQJJDOORQVRISURGXFWSHU JDOORQVRIZDWHU&RQFHQWUDWHVSUD\XVHWRJDOORQVLQDPLQLPXPRIJDOORQVRIVSUD\SHUDFUH&RQFHQWUDWH VSUD\6XPPHUGLOXWHVSUD\7ZRVSRWWHG6SLGHU0LWHV3DFLILF0LWHVDQG(XURSHDQ5HG0LWHV±8VHWRòJDOORQV GLOXWHGLQWRJDOORQVRIZDWHU&RQFHQWUDWHVSUD\XVHQRPRUHWKDQJDOORQVSHUDFUHLQDPLQLPXPRI JDOORQVRIVSUD\$HULDO$SSOLFDWLRQXVHQRPRUHWKDQJDOORQVRISURGXFWLQDPLQLPXPRIJDOORQVRIVSUD\SHU DFUH&RQFHQWUDWHG6SUD\HUV3HDUV&DOLIRUQLD2QO\±8VHWRJDOORQVLQWRJDOORQVRIZDWHUSHUDFUH  'RUPDQW:DVKLQJWRQDQG2UHJRQRQO\$SSOHV'LOXWHVSUD\IRUPLWHVDQG6DQ-RVHVFDOHXVHWRòJDOORQVRI RLOSOXVVXOIXURUOLPHVXOIXUDWWKHODEHOVSHFLILHGUDWH&RQFHQWUDWHVSUD\XVHWRJDOORQVRIRLOSHUDFUHSOXVWKHODEHO VSHFLILHGUDWHRIVXOIXURUOLPHVXOIXULQWRJDOORQVRIVSUD\SHUDFUH3HDUV'LOXWH6SUD\3HDU3V\OODXVHWR òJDOORQVRIRLOSOXVVXOIXURUOLPHVXOIXUDWWKHODEHOVSHFLILHGUDWH&RQFHQWUDWHVSUD\XVHQRPRUHWKDQILYHJDOORQVRI RLOSOXVWKHODEHOVSHFLILHGUDWHRIVXOIXURUOLPHVXOIXULQWRJDOORQVRIVSUD\SHUDFUH  127(2LOSOXVVXOIXURUOLPHVXOIXUFDQFDXVHVHYHUHIROLDJHDQGIUXLWEXGLQMXU\LIDSSOLHGDIWHUWKHGRUPDQWSHULRG  $63$5$86%($16%((76&251648$6+720$72(6&8&85%,76$1'3(33(56$SKLGV0LWHV%HHWOH /DUYDH/HDIPLQHUV&DWHUSLOODUV8VHWRòJDOORQVRISURGXFWSHUJDOORQVRIZDWHUSHUDFUH  $92&'26+$69$5,(7<21/<$YRFDGR%URZQ0LWH±8VHWRòJDOORQVRISURGXFWSHUJDOORQVRIZDWHU SHUDFUH$SSO\DVWKRURXJKFRYHUDJHWKURXJKODWHIDOO  &$%%$(&$8/,)/2:(5&(/(5<&2/(&5236/(778&( 21,216$SKLGV/HDIKRSSHUV/HDI0LQHUV /RRSHUV0LWHV3ODQW%XJV7KULSV :KLWHIOLHV±8VH±JD OORQVLQJDOORQVRIZDWHUSHUDFUHLQFRPELQDWLRQZLWK RWKHULQVHFWLFLGHVRUPLWLFLGHVUHJLVWHUHGIRUXVHRQWKHVHFURSV  &,7586&LWUXVVSS)RUWXQHOODVSS)ORULGD5HG6FDOH3XUSOH6FDOH6RIW%URZQ6FDOH%ODFN6FDOH:KLWHIOLHV 5HG6SLGHU0LWHVDQG5XVW0LWHV&RQFHQWUDWHVSUD\$SSO\JDOORQVRISURGXFWSHUDFUHLIWRWDOVSUD\YROXPHLVOHVV WKDQRUHTXDOWRJDOORQVSHUDFUH,IWRWDOVSUD\YROXPHLVJUHDWHUWKDQJDOORQVSHUDFUHPL[SURGXFWLQZDWHUDWD FRQFHQWUDWLRQYROXPHIRUYROXPH&RQWURORIVHYHUHLQVHFWLQIHVWDWLRQPD\UHTXLUHDSSO\LQJJDOORQVRISURGXFWSHU DFUH

 )LOHQDPH0LWH(2LO&/1      1RWHV'RQRWH[FHHGJDOORQVSHUDFUHRIWRWDOVSUD\YROXPH'RQRWXVHZLWKLQZHHNVRIKDUYHVWRQ/HPRQV'R QRWXVHRQ1DYHO2UDQJHVDIWHU6HSWHPEHU  $OO&LWUXV9DULHWLHV'RQRWXVHRLOZKHQIUHH]LQJWHPSHUDWXUHVDUHH[SHFWHGZLWKLQKRXUVRIWKHDSSOLFDWLRQ&DUH VKRXOGEHWDNHQLQFRPELQLQJRLOVSUD\VZLWKRWKHUPLWLFLGHVDQGLQVHFWLFLGHVGXHWRSRVVLELOLW\RILQFUHDVHGSK\WRWR[LFLW\ ZKHQWKHFRPELQDWLRQVDUHDSSOLHGRYHUIROLDJH&RQVXOWDORFDO$JULFXOWXUH([WHQVLRQ6HUYLFHDJHQWIRUDGYLFHRQ VSHFLILFFRPELQDWLRQV  ),6'RUPDQWRU'HOD\HG'RUPDQW)LJ6FDOH'LOXWH6SUD\XVHWRJDOORQVRISURGXFWSHUJDOORQVRIZDWHU $SSO\WRJDOORQVRIVSUD\PL[SHUDFUH8VHJDOORQVRISURGXFWSHUJDOORQVRIZDWHUIRUVHYHUHLQIHVWDWLRQV &RQFHQWUDWHVSUD\XVHWRJDOORQVRISURGXFWLQDPLQLPXPRIJDOORQVRIVSUD\PL[SHUDFUH  5$3(6'RUPDQW'LOXWH6SUD\0HDO\EXJ8VHWRJDOORQVSOXVWKHDSSURSULDWHODEHOHGUDWHRIDQLQVHFWLFLGH UHJLVWHUHGIRUXVHRQJUDSHVIRUPHDO\EXJFRQWUROLQWRJDOORQVZDWHUSHUDFUH&RQFHQWUDWHVSUD\XVHWR JDOORQVSOXVWKHDSSURSULDWHODEHOHGUDWHRIDQLQVHFWLFLGHUHJLVWHUHGIRUXVHRQJUDSHVIRUPHDO\EXJFRQWUROSHUDFUHLQ HQRXJKZDWHUIRUWKRURXJKFRYHUDJH6XSSUHVVLRQRIUDSHDQG9DULHJDWHG/HDIKRSSHUQ\PSKVXVHWRòJDOORQVRU JDOORQVSHUDFUHFRQFHQWUDWH0LWHVXSSUHVVLRQ±XVHWRJDOORQVSHUDFUHFRQFHQWUDWH1DUURZUDQJHRLOVVXFKDV 0,7((2,/ŠFDQWHPSRUDULO\DIIHFWVXUIDFHEORRPDSSHDUDQFHZLWKRXWFDXVLQJVXEVXUIDFHLQMXU\:KHQDSSOLHGIRU OHDIKRSSHURUPLWHVXSSUHVVLRQZLWKLQGD\VRIKDUYHVW0,7((2,/ŠVKRXOGQRWEHDSSOLHGWRJUDSHVGHVLJQDWHGIRU IUHVKPDUNHW  2/,9(6'LOXWHVSUD\3DUODWRULD6FDOH2OHDQGHU6FDOH2OLYH6FDOH%ODFN6FDOHDQG6SLGHU0LWHVXVHòJDOORQVRI SURGXFWLQWRJDOORQVRIZDWHUSHUDFUH7KLVSURGXFWPD\EHDSSOLHGSRVWEORRPODWH0D\WKURXJK-XQHZKHQ FUDZOHUVDUHSUHVHQWLQVXPPHU-XO\WKURXJK$XJXVWDQGSRVWKDUYHVW2FWREHUWKURXJK1RYHPEHU  3($563HDU3V\OOD'HOD\HG'RUPDQW±XVHJDOORQVLQWRJDOORQVRIZDWHUSHUDFUH6XPPHUXVHWRò JDOORQVLQWRJDOORQVRIZDWHUSHUDFUH%OLVWHU0LWH'HOD\HG'RUPDQWDQG)DOO6SUD\±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'HFLGXRXV%URDGOHDI(YHUJUHHQVDQG:RRG\ 2UQDPHQWDOV$SKLGV$GHOJLGV%XJVLPPDWXUH&DWHUSLOODUV(ULRSK\LG0LWHVDOO0LWHV/DFH%XJV/HDI%HHWOH /DUYDH/HDIPLQHUV0HDO\EXJV3V\OOLGVLPPDWXUH6DZIO\/DUYDH6FDOHVLPPDWXUH6SLGHU0LWHV:KLWHIOLHV LPPDWXUH:LQWHU'RUPDQW3HULRGDVQHHGHG±XVHWRJDOORQVRISURGXFWSHUJDOORQVRIZDWHU6XPPHU)ROLDU RU&RYHUDVQHHGHG±XVHWRJDOORQVRISURGXFWSHUJDOORQVRIZDWHU1RWH7KLVSURGXFWPD\FDXVHGLVFRORUDWLRQ RI%OXH6SUXFH'RQRWXVHRQ&RQLIHUVRU)HUQVWKDWDUHQRWWROHUDQWWRRLOVSUD\V  2UQDPHQWDO7UHHV 6KUXEVDORQJFLW\VWUHHWVDQGRWKHUULJKWVRIZD\LQFOXGLQJ&RQLIHUV'HFLGXRXVDQG %URDGOHDI(YHUJUHHQV$SKLGV$GHOJLGV%XJVLPPDWXUH&DWHUSLOODUV(ULRSK\LG0LWHVDOO0LWHV/DFH%XJV/HDI %HHWOH/DUYDH/HDIPLQHUV0HDO\EXJV3V\OOLGVLPPDWXUH6DZIO\/DUYDH6FDOHVLPPDWXUH6SLGHU0LWHV:KLWHIOLHV

 )LOHQDPH0LWH(2LO&/1     LPPDWXUH:LQWHU'RUPDQW3HULRGDVQHHGHG±XVHWRJDOORQVRISURGXFWSHUJDOORQVRIZDWHU6XPPHU)ROLDU RU&RYHUDVQHHGHG±XVHWRJDOORQVRISURGXFWSHUJDOORQVRIZDWHU  )ORZHULQJDQG)ROLDJH3ODQWVLQFOXGLQJ5RVHVDQGRWKHU)ORZHULQJ6KUXEV$SKLGV$GHOJLGV%XJVLPPDWXUH &DWHUSLOODUV(ULRSK\LG0LWHVDOO0LWHV/DFH%XJV/HDI%HHWOH/DUYDH/HDIPLQHUV0HDO\EXJV3V\OOLGVLPPDWXUH 6DZIO\/DUYDH6FDOHVLPPDWXUH6SLGHU0LWHV:KLWHIOLHVLPPDWXUH:LQWHU'RUPDQW3HULRGDVQHHGHG±XVHWR JDOORQVRISURGXFWSHUJDOORQVRIZDWHU6XPPHU)ROLDURU&RYHUDVQHHGHG±XVHWRJDOORQVRISURGXFWSHU JDOORQVRIZDWHU  )ROLDJH2UQDPHQWDOVDQG%HGGLQJ3ODQWV$SKLGV$GHOJLGV%XJVLPPDWXUH&DWHUSLOODUV(ULRSK\LG0LWHVDOO0LWHV /DFH%XJV/HDI%HHWOH/DUYDH/HDIPLQHUV0HDO\EXJV3V\OOLGVLPPDWXUH6DZIO\/DUYDH6FDOHVLPPDWXUH6SLGHU 0LWHV:KLWHIOLHVLPPDWXUH:LQWHU'RUPDQW3HULRGDVQHHGHG±XVHWRJDOORQVRISURGXFWSHUJDOORQVRIZDWHU 6XPPHU)ROLDURU&RYHUDVQHHGHG±XVHWRJDOORQVRISURGXFWSHUJDOORQVRIZDWHU  &KULVWPDV7UHHV$SKLGV$GHOJLGV6FDOHV6RIWDQG+DUGDQG6SLGHU0LWHV8VHWRJDOORQVRISURGXFWSHU JDOORQVRIZDWHU,QVXPPHUXVHWRJDOORQVRISURGXFWSHUJDOORQVRIZDWHU 

2LOUHPRYHVWKHJODXFRXVEOXH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±EOHDFKLQJDQGVSRWWLQJKDVEHHQREVHUYHGZLWKWKH RSHQEORRPVRIFHUWDLQSODQWV  :$/1876/DWH6SULQJWR0LG6XPPHU2QO\6XPPHU6WDJHVRI)URVWHG6FDOH(XURSHDQ)UXLW6FDOH6DQ-RVH 6FDOHDQGRWKHU6RIW6KHOOHG6FDOHV5HG6SLGHU0LWHV±XVHWRTXDUWV'HOD\HG'RUPDQW%ODFN6FDOH6DQ-RVH 6FDOH2OLYH6FDOH)URVWHG6FDOH&DOLFR6FDOH(XURSHDQ)UXLW/HFDQLXP6FDOH5HG6SLGHU0LWH(JJVDQG:DOQXW $SKLG(JJV'LOXWH6SUD\XVHJDOORQVRISURGXFWLQWRJDOORQVRIZDWHUSHUDFUH)ROLDUIXOO\H[SDQGHG OHDYHV6SLGHU0LWHVXVHJDOORQVRISURGXFWSHUDFUHLQWRJDOORQVRIZDWHU&RQFHQWUDWH6SUD\IRUGHOD\HG GRUPDQWDQGIROLDUVSUD\VDSSO\LQDPLQLPXPRIJDOORQVRIZDWHUSHUDFUH8VHRLORQO\RQWUHHVWKDWKDYHQRWVXIIHUHG IURPODFNRIPRLVWXUHRURWKHUVWUHVVLQJIDFWRUVGXULQJWKHJURZLQJVHDVRQ'RQRWDSSO\ZKHQVRLOPRLVWXUHLVORZ'RQRW DSSO\DIWHUKXVNVSOLW 

 )LOHQDPH0LWH(2LO&/1     6725$($1'',6326$/ 'RQRWFRQWDPLQDWHZDWHUIRRGRUIHHGE\VWRUDJHRUGLVSRVDO  3(67,&,'(6725$(.HHSFRQWDLQHUZHOOVHDOHG3URWHFWIURPH[FHVVLYHKHDW  3(67,&,'(',6326$/:DVWHVUHVXOWLQJIURPWKHXVHRIWKLVSURGXFWPD\EHGLVSRVHGRIRQVLWHRUDWDQDSSURYHG ZDVWHGLVSRVDOIDFLOLW\  &217$,1(5',6326$/ 1215(),//%/(&217,1(5(48$/7225/(667+$1*$//216'RQRWUHXVHRUUHILOOWKLVFRQWDLQHU7ULSOH ULQVHFRQWDLQHURUHTXLYDOHQWSURPSWO\DIWHUHPSW\LQJ7ULSOHULQVHDVIROORZV(PSW\WKHUHPDLQLQJFRQWHQWVLQWR DSSOLFDWLRQHTXLSPHQWRUDPL[WDQNDQGGUDLQIRUVHFRQGVDIWHUWKHIORZEHJLQVWRGULS)LOOWKHFRQWDLQHUóIXOOZLWK ZDWHUDQGUHFDS6KDNHIRUVHFRQGV3RXUULQVDWHLQWRDSSOLFDWLRQHTXLSPHQWRUDPL[WDQNRUVWRUHULQVDWHIRUODWHUXVH RUGLVSRVDO'UDLQIRUVHFRQGVDIWHUWKHIORZEHJLQVWRGULS5HSHDWWKLVSURFHGXUHWZRPRUHWLPHV2IIHUIRUUHF\FOLQJLI DYDLODEOHRUSXQFWXUHDQGGLVSRVHRIFRQWDLQHULQDVDQLWDU\ODQGILOORUE\RWKHUSURFHGXUHVDSSURYHGE\VWDWHDQGORFDO DXWKRULWLHV  1215(),//%/(&217,1(55($7(57+$1$//216'RQRWUHXVHRUUHILOOWKLVFRQWDLQHU7ULSOHULQVH FRQWDLQHURUHTXLYDOHQWSURPSWO\DIWHUHPSW\LQJ7ULSOHULQVHDVIROORZV(PSW\WKHUHPDLQLQJFRQWHQWVLQWRDSSOLFDWLRQ HTXLSPHQWRUDPL[WDQN)LOOWKHFRQWDLQHUó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¶VHOHFWLRQRQHRIWKHIROORZLQJ  5HIXQGRIWKHSXUFKDVHSULFHSDLGE\EX\HURUXVHUIRUSURGXFWERXJKWRU 5HSODFHPHQWRIWKHSURGXFWXVHG  7RWKHH[WHQWSHUPLWWHGE\DSSOLFDEOHODZVWKH&RPSDQ\VKDOOQRWEHOLDEOHDQGDQ\DQGDOOFODLPVDJDLQVWWKH&RPSDQ\ DUHZDLYHGIRUVSHFLDOLQGLUHFWLQFLGHQWDORUFRQVHTXHQWLDOGDPDJHVRUH[SHQVHRIDQ\QDWXUHLQFOXGLQJEXWQRWOLPLWHG

 )LOHQDPH0LWH(2LO&/1     WRORVVRISURILWVRULQFRPH7KH&RPSDQ\DQGWKHVHOOHURIIHUWKLVSURGXFWDQGWKHEX\HUDQGXVHUDFFHSWLWVXEMHFWWRWKH IRUHJRLQJFRQGLWLRQVRIVDOHDQGOLPLWDWLRQRIZDUUDQW\OLDELOLW\DQGUHPHGLHV  ‹&RS\ULJKW+HOHQD+ROGLQJ&RPSDQ\ 0,7((2,/ŠLVDUHJLVWHUHGWUDGHPDUNRI+HOHQD+ROGLQJ&RPSDQ