>5(38%/,&$&712@

$1 $&7 (67$%/,6+,1* 7+( 58/(6 72 *29(51 ,17(5&28175<

$'237,212)),/,3,12&+,/'5(1$1')2527+(5385326(6

$57,&/(,
*(1(5$/3529,6,216

6(&7,21 6KRUW 7LWOH 7KLV $FW VKDOO EH NQRZQ DV WKH ,QWHU&RXQWU\
$GRSWLRQ$FWRI

6(&7,21 'HFODUDWLRQ RI 3ROLF\ ,W LV KHUHE\ GHFODUHG WKH SROLF\ RI WKH
6WDWHWRSURYLGHHYHU\QHJOHFWHGDQGDEDQGRQHGFKLOGZLWKDIDPLO\WKDWZLOOSURYLGHVXFK
FKLOGZLWKORYHDQGFDUHDVZHOODVRSSRUWXQLWLHVIRUJURZWKDQGGHYHORSPHQW7RZDUGV
WKLV HQG HIIRUWV VKDOO EH H[HUWHG WR SODFH WKH FKLOG ZLWK DQ DGRSWLYH IDPLO\ LQ WKH
3KLOLSSLQHV  +RZHYHU UHFRJQL]LQJ WKDW LQWHUFRXQWU\ DGRSWLRQ PD\ EH FRQVLGHUHG DV
DOORZLQJDOLHQVQRWSUHVHQWO\DOORZHGE\ODZWRDGRSW)LOLSLQRFKLOGUHQLIVXFKFKLOGUHQ
FDQQRWEHDGRSWHGE\TXDOLILHG)LOLSLQRFLWL]HQVRUDOLHQVWKH6WDWHVKDOOWDNHPHDVXUHVWR
HQVXUH WKDWLQWHUFRXQWU\DGRSWLRQVDUHDOORZHGZKHQWKHVDPHVKDOOSURYHEHQHILFLDOWR
WKHFKLOG
VEHVWLQWHUHVWVDQGVKDOOVHUYHDQGSURWHFWKLVKHUIXQGDPHQWDOULJKWV

6(&7,21 'HILQLWLRQRI7HUPV$VXVHGLQWKLV$FWWKHWHUP

D ,QWHUFRXQWU\ DGRSWLRQ UHIHUV WR WKH VRFLROHJDO SURFHVV RI DGRSWLQJ D )LOLSLQR
FKLOGE\DIRUHLJQHURUD)LOLSLQRFLWL]HQSHUPDQHQWO\UHVLGLQJDEURDGZKHUHWKHSHWLWLRQ
LV ILOHG WKH VXSHUYLVHG WULDO FXVWRG\ LV XQGHUWDNHQDQGWKHGHFUHHRIDGRSWLRQLVLVVXHG
RXWVLGHWKH3KLOLSSLQHV

E &KLOG PHDQV D SHUVRQ EHORZ ILIWHHQ  \HDUV RI DJH XQOHVV VRRQHU
HPDQFLSDWHGE\ODZ

F'HSDUWPHQWUHIHUVWRWKH'HSDUWPHQWRI6RFLDO:HOIDUHDQG'HYHORSPHQWRIWKH
5HSXEOLFRIWKH3KLOLSSLQHV

G 6HFUHWDU\ UHIHUV WR WKH 6HFUHWDU\ RI WKH 'HSDUWPHQW RI 6RFLDO :HOIDUH DQG
'HYHORSPHQW

H $XWKRUL]HG DQG DFFUHGLWHG DJHQF\ UHIHUV WR WKH 6WDWH ZHOIDUH DJHQF\ RU D
OLFHQVHG DGRSWLRQ DJHQF\ LQ WKH FRXQWU\ RI WKH DGRSWLQJ SDUHQWV ZKLFK SURYLGH
FRPSUHKHQVLYHVRFLDOVHUYLFHVDQGZKLFKLVGXO\UHFRJQL]HGE\WKH'HSDUWPHQW

I /HJDOO\IUHH FKLOG PHDQV D FKLOG ZKR KDV EHHQ YROXQWDULO\ RU LQYROXQWDULO\
FRPPLWWHGWRWKH'HSDUWPHQWLQDFFRUGDQFHZLWKWKH&KLOGDQG<RXWK:HOIDUH&RGH


J0DWFKLQJUHIHUVWRWKHMXGLFLRXVSDLULQJRIWKHDGRSWLYHFKLOGDQGWKHDSSOLFDQW
WRSURPRWHDPXWXDOO\VDWLVI\LQJSDUHQWFKLOGUHODWLRQVKLS

K%RDUGUHIHUVWRWKH,QWHUFRXQWU\$GRSWLRQ%RDUG

$57,&/(,,
7+(,17(5&28175<$'237,21%2$5'

6(&7,21 7KH ,QWHU&RXQWU\$GRSWLRQ%RDUG 7KHUHLVKHUHE\FUHDWHGWKH

,QWHU&RXQWU\ $GRSWLRQ %RDUG KHUHLQDIWHU UHIHUUHG WR DV WKH %RDUG WR DFW DV WKH FHQWUDO
DXWKRULW\LQPDWWHUVUHODWLQJWRLQWHUFRXQWU\DGRSWLRQ,WVKDOODFWDVWKHSROLF\PDNLQJ
ERG\ IRU SXUSRVHV RI FDUU\LQJ RXW WKH SURYLVLRQV RI WKLV $FW LQ FRQVXOWDWLRQ DQG
FRRUGLQDWLRQ ZLWK WKH 'HSDUWPHQW WKH GLIIHUHQW FKLOGFDUH DQG SODFHPHQW DJHQFLHV
DGRSWLYHDJHQFLHVDVZHOODVQRQJRYHUQPHQWDORUJDQL]DWLRQVHQJDJHGLQFKLOGFDUHDQG
SODFHPHQWDFWLYLWLHV$VVXFKLWVKDOO

D 3URWHFW WKH )LOLSLQR FKLOG IURP DEXVH H[SORLWDWLRQ WUDIILFNLQJ DQGRU VDOH RU
DQ\ RWKHU SUDFWLFH LQ FRQQHFWLRQ ZLWK DGRSWLRQ ZKLFK LV KDUPIXO GHWULPHQWDO RU
SUHMXGLFLDOWRWKHFKLOG

E  &ROOHFW PDLQWDLQ DQG SUHVHUYH FRQILGHQWLDO LQIRUPDWLRQ DERXW WKH FKLOG DQG
WKHDGRSWLYHSDUHQWV

F0RQLWRUIROORZXSDQGIDFLOLWDWHFRPSOHWLRQRIDGRSWLRQRIWKHFKLOGWKURXJK
DXWKRUL]HGDQGDFFUHGLWHGDJHQF\

G 3UHYHQW LPSURSHU ILQDQFLDO RU RWKHU JDLQ LQ FRQQHFWLRQ ZLWK DQ DGRSWLRQ DQG
GHWHULPSURSHUSUDFWLFHVFRQWUDU\WRWKLV$FW

H3URPRWHWKHGHYHORSPHQWRIDGRSWLRQVHUYLFHVLQFOXGLQJSRVWOHJDODGRSWLRQ

I/LFHQVHDQGDFFUHGLWFKLOGFDULQJSODFHPHQWDJHQFLHVDQGFROODERUDWHZLWKWKHP
LQWKHSODFHPHQWRI)LOLSLQRFKLOGUHQ

J $FFUHGLW DQG DXWKRUL]H IRUHLJQ DGRSWLRQ DJHQF\ LQ WKH SODFHPHQW RI )LOLSLQR
FKLOGUHQLQWKHLURZQFRXQWU\DQG

K &DQFHO WKH OLFHQVH WR RSHUDWH DQG EODFNOLVW WKH FKLOGFDULQJ DQG SODFHPHQW
DJHQF\ RU DGRSWLYH DJHQF\ LQYROYHG IURP WKH DFFUHGLWDWLRQ OLVW RI WKH %RDUG XSRQ D
ILQGLQJRIYLRODWLRQRIDQ\SURYLVLRQXQGHUWKLV$FW

6(&7,21 &RPSRVLWLRQRIWKH%RDUG7KH%RDUGVKDOOEHFRPSRVHGRIWKH
6HFUHWDU\ RI WKH 'HSDUWPHQW DV H[ RIILFLR &KDLUPDQ DQG VL[  RWKHU PHPEHUV WR EH
DSSRLQWHGE\WKH3UHVLGHQWIRUDQRQUHQHZDEOHWHUPRIVL[\HDUV3URYLGHG 7KDWWKHUH
VKDOOEHDSSRLQWHGRQHSV\FKLDWULVWRUSV\FKRORJLVWWZRODZ\HUVZKRVKDOOKDYHDW
5HSXEOLF$FW1R

SDJH

OHDVWWKHTXDOLILFDWLRQVRIDUHJLRQDOWULDOFRXUWMXGJHRQHUHJLVWHUHGVRFLDOZRUNHUDQG
WZRUHSUHVHQWDWLYHVIURPQRQJRYHUQPHQWDORUJDQL]DWLRQVHQJDJHGLQFKLOGFDULQJDQG
SODFHPHQW DFWLYLWLHV  7KH PHPEHUV RI WKH %RDUG VKDOO UHFHLYH D SHUGLHPDOORZDQFH RI
2QHWKRXVDQGILYHKXQGUHGSHVRV3IRUHDFKPHHWLQJDWWHQGHGE\WKHP3URYLGHG
IXUWKHU 7KDW QR FRPSHQVDWLRQVKDOOEHSDLGIRUPRUHWKDQIRXUPHHWLQJVDPRQWK

6(&7,21 3RZHUVDQG)XQFWLRQVRIWKH%RDUG 7KH %RDUGVKDOOKDYHWKH
IROORZLQJSRZHUVDQGIXQFWLRQV

DWRSUHVFULEHUXOHVDQGUHJXODWLRQVDVLWPD\GHHPUHDVRQDEO\QHFHVVDU\WRFDUU\
RXWWKHSURYLVLRQVRIWKLV$FWDIWHUFRQVXOWDWLRQDQGXSRQIDYRUDEOHUHFRPPHQGDWLRQRI
WKHGLIIHUHQWDJHQFLHVFRQFHUQHGZLWKWKHFKLOGFDULQJSODFHPHQWDQGDGRSWLRQ

EWRVHWWKHJXLGHOLQHVIRUWKHFRQYHQLQJRIDQ,QWHUFRXQWU\$GRSWLRQ3ODFHPHQW
&RPPLWWHHZKLFKVKDOOEHXQGHUWKHGLUHFWVXSHUYLVLRQRIWKH%RDUG

FWRVHWWKHJXLGHOLQHVIRUWKHPDQQHUE\ZKLFKVHOHFWLRQPDWFKLQJRISURVSHFWLYH
DGRSWLYHSDUHQWVDQGDGRSWLYHFKLOGFDQEHPDGH

G WR GHWHUPLQH D UHDVRQDEOH VFKHGXOH RI IHHV DQG FKDUJHV WR EH H[DFWHG LQ
FRQQHFWLRQZLWKWKHDSSOLFDWLRQIRUDGRSWLRQ

H WR GHWHUPLQH WKH IRUP DQG FRQWHQWV RI WKH DSSOLFDWLRQ IRU LQWHUFRXQWU\
DGRSWLRQ

J WR LQVWLWXWH V\VWHPV DQG SURFHGXUHV WR SUHYHQW LPSURSHU ILQDQFLDO JDLQ LQ
FRQQHFWLRQZLWKDGRSWLRQDQGGHWHULPSURSHUSUDFWLFHVZKLFKDUHFRQWUDU\WRWKLV$FW

KWRSURPRWHWKHGHYHORSPHQWRIDGRSWLRQVHUYLFHVLQFOXGLQJSRVWOHJDODGRSWLRQ
VHUYLFHV

L WR DFFUHGLW DQG DXWKRUL]H IRUHLJQ SULYDWH DGRSWLRQ DJHQFLHV ZKLFK KDYH
GHPRQVWUDWHG SURIHVVLRQDOLVP FRPSHWHQFH DQG KDYH FRQVLVWHQWO\ SXUVXHG QRQSURILW
REMHFWLYHVWRHQJDJHLQWKHSODFHPHQWRI)LOLSLQRFKLOGUHQLQWKHLURZQFRXQWU\3URYLGHG
7KDW VXFK IRUHLJQ SULYDWH DJHQFLHV DUH GXO\ DXWKRUL]HG DQG DFFUHGLWHG E\ WKHLU RZQ
JRYHUQPHQWWRFRQGXFWLQWHUFRXQWU\DGRSWLRQ3URYLGHGKRZHYHU 7KDWWKHWRWDOQXPEHU
RI DXWKRUL]HG DQG DFFUHGLWHG IRUHLJQ SULYDWH DGRSWLRQ DJHQFLHV VKDOO QRW H[FHHG RQH
KXQGUHGD\HDU

M WR WDNH DSSURSULDWH PHDVXUHV WR HQVXUH FRQILGHQWLDOLW\ RI WKH UHFRUGV RI WKH
FKLOGWKHQDWXUDOSDUHQWVDQGWKHDGRSWLYHSDUHQWVDWDOOWLPHV

NWRSUHSDUHUHYLHZRUPRGLI\DQGWKHUHDIWHUUHFRPPHQGWRWKH'HSDUWPHQWRI
)RUHLJQ $IIDLUV 0HPRUDQGD RI $JUHHPHQW UHVSHFWLQJ LQWHUFRXQWU\ DGRSWLRQ FRQVLVWHQW
ZLWKWKHLPSOHPHQWDWLRQRIWKLV$FWDQGLWVVWDWHGJRDOVHQWHUHGLQWREHWZHHQDQGDPRQJ

5HSXEOLF$FW1R

SDJH

IRUHLJQ JRYHUQPHQWV LQWHUQDWLRQDO RUJDQL]DWLRQV DQG UHFRJQL]HG LQWHUQDWLRQDO QRQ

JRYHUQPHQWDORUJDQL]DWLRQV

OWRDVVLVWRWKHUFRQFHUQHGDJHQFLHVDQGWKHFRXUWVLQWKHLPSOHPHQWDWLRQRIWKLV
$FWSDUWLFXODUO\DVUHJDUGVFRRUGLQDWLRQZLWKIRUHLJQSHUVRQVDJHQFLHVDQGRWKHUHQWLWLHV
LQYROYHGLQWKHSURFHVVRIDGRSWLRQDQGWKHSK\VLFDOWUDQVIHURIWKHFKLOGDQG

P WRSHUIRUPVXFKRWKHUIXQFWLRQVRQPDWWHUVUHODWLQJWRLQWHUFRXQWU\DGRSWLRQ
DVPD\EHGHWHUPLQHGE\WKH3UHVLGHQW

$57,&/(,,,
352&('85(

6(&7,21 ,QWHU&RXQWU\ $GRSWLRQ DV WKH /DVW 5HVRUW 7KH %RDUG VKDOO
HQVXUH WKDW DOO SRVVLELOLWLHV IRU DGRSWLRQ RI WKH FKLOG XQGHU WKH )DPLO\ &RGH KDYH EHHQ
H[KDXVWHGDQGWKDWLQWHUFRXQWU\DGRSWLRQLVLQWKHEHVWLQWHUHVWRIWKHFKLOG7RZDUGVWKLV
HQGWKH%RDUGVKDOOVHWXSWKHJXLGHOLQHVWRHQVXUHWKDWVWHSVZLOOEHWDNHQWRSODFHWKH
FKLOG LQ WKH 3KLOLSSLQHV EHIRUH WKH FKLOG LV SODFHG IRU LQWHUFRXQWU\ DGRSWLRQ 3URYLGHG
KRZHYHU 7KDWWKHPD[LPXPQXPEHUWKDWPD\EHDOORZHGIRUIRUHLJQDGRSWLRQVKDOOQRW
H[FHHGVL[KXQGUHGD\HDUIRUWKHILUVWILYH\HDUV

6(&7,21 :KR 0D\ EH $GRSWHG 2QO\ D OHJDOO\ IUHH FKLOG PD\ EH WKH
VXEMHFW RI LQWHUFRXQWU\ DGRSWLRQ  ,Q RUGHU WKDW VXFK FKLOG PD\ EH FRQVLGHUHG IRU
SODFHPHQWWKHIROORZLQJGRFXPHQWVPXVWEHVXEPLWWHGWRWKH%RDUG

D&KLOGVWXG\
E%LUWKFHUWLILFDWHIRXQGOLQJFHUWLILFDWH
F 'HHG RI YROXQWDU\ FRPPLWPHQWGHFUHH RI DEDQGRQPHQWGHDWK FHUWLILFDWH RI
SDUHQWV
G0HGLFDOHYDOXDWLRQKLVWRU\
H3V\FKRORJLFDOHYDOXDWLRQDVQHFHVVDU\DQG
I5HFHQWSKRWRRIWKHFKLOG

6(&7,21 :KR 0D\ $GRSW $Q DOLHQ RU D )LOLSLQR FLWL]HQ SHUPDQHQWO\
UHVLGLQJ DEURDG PD\ ILOH DQ DSSOLFDWLRQ IRU LQWHUFRXQWU\ DGRSWLRQ RI D )LOLSLQR FKLOG LI
KHVKH

DLVDWOHDVWWZHQW\VHYHQ\HDUVRIDJHDQGDWOHDVWVL[WHHQ\HDUVROGHU
WKDQWKHFKLOGWREHDGRSWHGDWWKHWLPHRIDSSOLFDWLRQXQOHVVWKHDGRSWHULVWKHSDUHQWE\
QDWXUHRIWKHFKLOGWREHDGRSWHGRUWKHVSRXVHRIVXFKSDUHQW

ELIPDUULHGKLVKHUVSRXVHPXVWMRLQWO\ILOHIRUWKHDGRSWLRQ

F KDV WKH FDSDFLW\ WR DFW DQG DVVXPH DOO ULJKWV DQG UHVSRQVLELOLWLHV RI SDUHQWDO
DXWKRULW\XQGHUKLVQDWLRQDOODZVDQGKDVXQGHUJRQHWKHDSSURSULDWHFRXQVHOLQJIURPDQ
DFFUHGLWHGFRXQVHORULQKLVKHUFRXQWU\
5HSXEOLF$FW1R

SDJH

GKDVQRWEHHQFRQYLFWHGRIDFULPHLQYROYLQJPRUDOWXUSLWXGH

HLVHOLJLEOHWRDGRSWXQGHUKLVKHUQDWLRQDOODZ

ILVLQDSRVLWLRQWRSURYLGHWKHSURSHUFDUHDQGVXSSRUWDQGWRJLYHWKHQHFHVVDU\
PRUDOYDOXHVDQGH[DPSOHWRDOOKLVFKLOGUHQLQFOXGLQJWKHFKLOGWREHDGRSWHG

J DJUHHV WR XSKROG WKH EDVLF ULJKWV RI WKH FKLOG DV HPERGLHG XQGHU 3KLOLSSLQH
ODZV WKH 81 &RQYHQWLRQ RQ WKH 5LJKWV RI WKH &KLOG DQG WR DELGH E\ WKH UXOHV DQG
UHJXODWLRQVLVVXHGWRLPSOHPHQWWKHSURYLVLRQVRIWKLV$FW

KFRPHVIURPDFRXQWU\ZLWKZKRPWKH3KLOLSSLQHVKDVGLSORPDWLFUHODWLRQVDQG
ZKRVH JRYHUQPHQW PDLQWDLQV D VLPLODUO\ DXWKRUL]HG DQG DFFUHGLWHG DJHQF\ DQG WKDW
DGRSWLRQLVDOORZHGXQGHUKLVKHUQDWLRQDOODZVDQG

LSRVVHVVHVDOOWKHTXDOLILFDWLRQVDQGQRQHRIWKHGLVTXDOLILFDWLRQVSURYLGHGKHUHLQ
DQGLQRWKHUDSSOLFDEOH3KLOLSSLQHODZV

6(&7,21:KHUH WR )LOH $SSOLFDWLRQ $Q DSSOLFDWLRQ WR DGRSW D )LOLSLQR
FKLOG VKDOO EH ILOHG HLWKHU ZLWK WKH 3KLOLSSLQH 5HJLRQDO 7ULDO &RXUW KDYLQJ MXULVGLFWLRQ
RYHUWKHFKLOGRUZLWKWKH%RDUGWKURXJKDQLQWHUPHGLDWHDJHQF\ZKHWKHUJRYHUQPHQWDO
RU DQ DXWKRUL]HG DQG DFFUHGLWHG DJHQF\ LQ WKH FRXQWU\ RI WKH SURVSHFWLYH DGRSWLYH
SDUHQWVZKLFKDSSOLFDWLRQVKDOOEHLQDFFRUGDQFHZLWKWKHUHTXLUHPHQWVDVVHWIRUWKLQWKH
LPSOHPHQWLQJUXOHVDQGUHJXODWLRQVWREHSURPXOJDWHGE\WKH%RDUG

7KH DSSOLFDWLRQ VKDOO EH VXSSRUWHG E\ WKH IROORZLQJ GRFXPHQWV ZULWWHQ DQG
RIILFLDOO\WUDQVODWHGLQ(QJOLVK

D%LUWKFHUWLILFDWHRIDSSOLFDQWV

E0DUULDJHFRQWUDFWLIPDUULHGDQGGLYRUFHGHFUHHLIDSSOLFDEOH

F:ULWWHQFRQVHQWRIWKHLUELRORJLFDORUDGRSWLYHFKLOGUHQDERYHWHQ\HDUVRI
DJHLQWKHIRUPRIVZRUQVWDWHPHQW

G  3K\VLFDO PHGLFDO DQG SV\FKRORJLFDO HYDOXDWLRQ E\ D GXO\ OLFHQVHG SK\VLFLDQ
DQGSV\FKRORJLVW

H  ,QFRPH WD[ UHWXUQV RU DQ\ GRFXPHQW VKRZLQJ WKH ILQDQFLDO FDSDELOLW\ RI WKH
DSSOLFDQWV

I3ROLFHFOHDUDQFHRIDSSOLFDQWV

J  &KDUDFWHU UHIHUHQFH IURP WKH ORFDO FKXUFKPLQLVWHU WKH DSSOLFDQW
V HPSOR\HU
DQGDPHPEHURIWKHLPPHGLDWHFRPPXQLW\ZKRKDYHNQRZQWKHDSSOLFDQWVIRUDWOHDVW
ILYH\HDUVDQG
5HSXEOLF$FW1R

SDJH




K5HFHQWSRVWFDUGVL]HSLFWXUHVRIWKHDSSOLFDQWVDQGKLVLPPHGLDWHIDPLO\
7KH5XOHVRI&RXUWVKDOODSSO\LQFDVHRIDGRSWLRQE\MXGLFLDOSURFHHGLQJV

6(&7,21)DPLO\ 6HOHFWLRQ0DWFKLQJ 1R FKLOG VKDOO EH PDWFKHG WR D

IRUHLJQDGRSWLYHIDPLO\XQOHVVLWLVVDWLVIDFWRULO\VKRZQWKDWWKHFKLOGFDQQRWEHDGRSWHG
ORFDOO\  7KH FOHDUDQFH DV LVVXHG E\ WKH %RDUG ZLWK WKH FRS\ RI WKH PLQXWHV RI WKH
PHHWLQJVVKDOOIRUPSDUWRIWKHUHFRUGVRIWKHFKLOGWREHDGRSWHG:KHQWKH%RDUGLV
UHDG\WRWUDQVPLWWKH3ODFHPHQW$XWKRULW\WRWKHDXWKRUL]HGDQGDFFUHGLWHGLQWHUFRXQWU\
DGRSWLRQDJHQF\DQGDOOWKHWUDYHOGRFXPHQWVRIWKHFKLOGDUHUHDG\WKHDGRSWLYHSDUHQWV
RUDQ\RQHRIWKHPVKDOOSHUVRQDOO\IHWFKWKHFKLOGLQWKH3KLOLSSLQHV

6(&7,213UHDGRSWLYH 3ODFHPHQW &RVWV 7KH DSSOLFDQWV VKDOO EHDU WKH
IROORZLQJFRVWVLQFLGHQWDOWRWKHSODFHPHQWRIWKHFKLOG

D  7KH FRVW RI EULQJLQJ WKH FKLOG IURP WKH 3KLOLSSLQHV WR WKH UHVLGHQFH RI WKH
DSSOLFDQWVDEURDGLQFOXGLQJDOOWUDYHOH[SHQVHVZLWKLQWKH3KLOLSSLQHVDQGDEURDGDQG

E7KHFRVWRISDVVSRUWYLVDPHGLFDOH[DPLQDWLRQDQGSV\FKRORJLFDOHYDOXDWLRQ
UHTXLUHGDQGRWKHUUHODWHGH[SHQVHV

6(&7,21)HHV&KDUJHVDQG$VVHVVPHQWV )HHVFKDUJHVDQGDVVHVVPHQWV
FROOHFWHG E\ WKH %RDUG LQ WKH H[HUFLVH RI LWV IXQFWLRQV VKDOO EH XVHG VROHO\ WR SURFHVV
DSSOLFDWLRQVIRULQWHUFRXQWU\DGRSWLRQDQGWRVXSSRUWWKHDFWLYLWLHVRIWKH%RDUG

6(&7,216XSHUYLVLRQRI7ULDO&XVWRG\ 7KHJRYHUQPHQWDODJHQF\RUWKH
DXWKRUL]HG DQG DFFUHGLWHG DJHQF\ LQWKHFRXQWU\RIWKHDGRSWLYHSDUHQWVZKLFKILOHGWKH
DSSOLFDWLRQ IRU LQWHUFRXQWU\ DGRSWLRQ VKDOO EH UHVSRQVLEOH IRU WKH WULDO FXVWRG\ DQG WKH
FDUHRIWKHFKLOG,WVKDOODOVRSURYLGHIDPLO\FRXQVHOLQJDQGRWKHUUHODWHGVHUYLFHV7KH
WULDO FXVWRG\ VKDOO EH IRU D SHULRG RI VL[  PRQWKV IURP WKH WLPH RI SODFHPHQW  2QO\
DIWHU WKH ODSVH RI WKH SHULRG RI WULDO FXVWRG\ VKDOO D GHFUHH RI DGRSWLRQ EH LVVXHGLQWKH
VDLGFRXQWU\DFRS\RIZKLFKVKDOOEHVHQWWRWKH%RDUGWRIRUPSDUWRIWKHUHFRUGVRIWKH
FKLOG

'XULQJWKHWULDOFXVWRG\WKHDGRSWLQJSDUHQWVVKDOOVXEPLWWRWKHJRYHUQPHQWDO
DJHQF\RUWKHDXWKRUL]HGDQGDFFUHGLWHGDJHQF\ZKLFKVKDOOLQWXUQWUDQVPLWDFRS\WRWKH
%RDUGDSURJUHVVUHSRUWRIWKHFKLOG
VDGMXVWPHQW7KHSURJUHVVUHSRUWVKDOOEHWDNHQLQWR
FRQVLGHUDWLRQLQGHFLGLQJZKHWKHURUQRWWRLVVXHWKHGHFUHHRIDGRSWLRQ

7KH 'HSDUWPHQW RI )RUHLJQ $IIDLUV VKDOO VHW XS D V\VWHP E\ ZKLFK )LOLSLQR
FKLOGUHQ VHQW DEURDG IRU WULDO FXVWRG\ DUH PRQLWRUHG DQG FKHFNHG DV UHSRUWHG E\ WKH
DXWKRUL]HGDQGDFFUHGLWHGLQWHUFRXQWU\DGRSWLRQDJHQF\DVZHOODVWKHUHSDWULDWLRQWRWKH
3KLOLSSLQHVRID)LOLSLQRFKLOGZKRVHDGRSWLRQKDVQRWEHHQDSSURYHG


5HSXEOLF$FW1R

SDJH

6(&7,21([HFXWLYH $JUHHPHQWV 7KH 'HSDUWPHQW RI )RUHLJQ $IIDLUV

XSRQ UHSUHVHQWDWLRQ RI WKH %RDUG VKDOO FDXVH WKH SUHSDUDWLRQ RI ([HFXWLYH $JUHHPHQWV
ZLWK FRXQWULHV RI WKH IRUHLJQ DGRSWLRQ DJHQFLHV WR HQVXUH WKH OHJLWLPDWH FRQFXUUHQFH RI
VDLGFRXQWULHVLQXSKROGLQJWKHVDIHJXDUGVSURYLGHGE\WKLV$FW

$57,&/(,9
3(1$/7,(6

6(&7,213HQDOWLHV D$Q\SHUVRQZKRVKDOONQRZLQJO\SDUWLFLSDWHLQWKH
FRQGXFWRUFDUU\LQJRXWRIDQLOOHJDODGRSWLRQLQYLRODWLRQRIWKHSURYLVLRQVRIWKLV$FW
VKDOOEHSXQLVKHGZLWKDSHQDOW\RILPSULVRQPHQWUDQJLQJIURPVL[\HDUVDQGRQH
GD\WRWZHOYH\HDUVDQGRUDILQHRIQRWOHVVWKDQ)LIW\WKRXVDQGSHVRV3EXW
QRW PRUH WKDQ 7ZR KXQGUHG WKRXVDQG SHVRV 3 DW WKH GLVFUHWLRQ RI WKH FRXUW
)RUSXUSRVHVRIWKLV$FWDQDGRSWLRQLVLOOHJDOLILWLVHIIHFWHGLQDQ\PDQQHUFRQWUDU\WR
WKH SURYLVLRQV RI WKLV $FW RU HVWDEOLVKHG 6WDWH SROLFLHV LWV LPSOHPHQWLQJ UXOHV DQG
UHJXODWLRQV H[HFXWLYH DJUHHPHQWV DQG RWKHU ODZV SHUWDLQLQJ WR DGRSWLRQ,OOHJDOLW\PD\
EHSUHVXPHGIURPWKHIROORZLQJDFWV

FRQVHQWIRUDQDGRSWLRQZDVDFTXLUHGWKURXJKRUDWWHQGHGE\FRHUFLRQIUDXG
LPSURSHUPDWHULDOLQGXFHPHQW

WKHUHLVQRDXWKRULW\IURPWKH%RDUGWRHIIHFWDGRSWLRQ

 WKH SURFHGXUHV DQG VDIHJXDUGV SODFHG XQGHU WKH ODZ IRU DGRSWLRQ ZHUH QRW
FRPSOLHGZLWKDQG

 WKH FKLOG WR EH DGRSWHG LV VXEMHFWHG WR RU H[SRVHG WR GDQJHU DEXVH DQG
H[SORLWDWLRQ

E $Q\ SHUVRQ ZKR VKDOO YLRODWH HVWDEOLVKHG UHJXODWLRQV UHODWLQJ WR WKH
FRQILGHQWLDOLW\ DQG LQWHJULW\ RI UHFRUGV GRFXPHQWV DQG FRPPXQLFDWLRQV RI DGRSWLRQ
DSSOLFDWLRQV FDVHVDQGSURFHVVHV VKDOOVXIIHUWKHSHQDOW\RILPSULVRQPHQWUDQJLQJIURP
RQH\HDUDQGRQHGD\WRWZR\HDUVDQGRUDILQHRIQRWOHVVWKDQ)LYHWKRXVDQG
SHVRV3EXWQRWPRUHWKDQ7HQWKRXVDQGSHVRV3DWWKHGLVFUHWLRQRIWKH
FRXUW

$ SHQDOW\ ORZHU E\ WZR  GHJUHHV WKDQ WKDW SUHVFULEHG IRU WKH FRQVXPPDWHG
IHORQ\XQGHUWKLV$UWLFOHVKDOOEHLPSRVHGXSRQWKHSULQFLSDOVRIWKHDWWHPSWWRFRPPLW
DQ\RIWKHDFWVKHUHLQHQXPHUDWHG

$FWV SXQLVKDEOH XQGHU WKLV $UWLFOH ZKHQ FRPPLWWHG E\ D V\QGLFDWH RU ZKHUH LW
LQYROYHV WZR RU PRUH FKLOGUHQ VKDOO EH FRQVLGHUHG DV DQ RIIHQVH FRQVWLWXWLQJ FKLOG
WUDIILFNLQJDQGVKDOOPHULWWKHSHQDOW\RIUHFOXVLRQSHUSHWXD


5HSXEOLF$FW1R

SDJH

$FWVSXQLVKDEOHXQGHUWKLV$UWLFOHDUHGHHPHGFRPPLWWHGE\DV\QGLFDWHLIFDUULHG
RXW E\ D JURXS RI WKUHH  RU PRUH SHUVRQV FRQVSLULQJ DQGRU FRQIHGHUDWLQJ ZLWK RQH
DQRWKHULQFDUU\LQJRXWDQ\RIWKHXQODZIXODFWVGHILQHGXQGHUWKLV$UWLFOH3HQDOWLHVDV
DUHKHUHLQSURYLGHGVKDOOEHLQDGGLWLRQWRDQ\RWKHUSHQDOWLHVZKLFKPD\EHLPSRVHGIRU
WKH VDPH DFWV SXQLVKDEOH XQGHU RWKHU ODZV RUGLQDQFHV H[HFXWLYH RUGHUV DQG
SURFODPDWLRQV

6(&7,213XEOLF 2IILFHUV DV 2IIHQGHUV $Q\ JRYHUQPHQW RIILFLDO
HPSOR\HHRUIXQFWLRQDU\ZKRVKDOOEHIRXQGJXLOW\RIYLRODWLQJDQ\RIWKHSURYLVLRQVRI
WKLV $FW RU ZKR VKDOO FRQVSLUH ZLWK SULYDWH LQGLYLGXDOV VKDOO LQ DGGLWLRQ WR WKH DERYH
SUHVFULEHG SHQDOWLHV EH SHQDOL]HG LQ DFFRUGDQFH ZLWK H[LVWLQJ FLYLO VHUYLFH ODZV UXOHV
DQG UHJXODWLRQV 3URYLGHG 7KDW XSRQ WKH ILOLQJ RI D FDVH HLWKHU DGPLQLVWUDWLYH RU
FULPLQDO VDLG JRYHUQPHQW RIILFLDO HPSOR\HH RU IXQFWLRQDU\ FRQFHUQHG VKDOO
DXWRPDWLFDOO\VXIIHUVXVSHQVLRQXQWLOWKHUHVROXWLRQRIWKHFDVH

$57,&/(9
),1$/3529,6,216

6(&7,21,PSOHPHQWLQJ 5XOHV DQG 5HJXODWLRQV 7KH ,QWHUFRXQWU\

$GRSWLRQ %RDUG LQ FRRUGLQDWLRQ ZLWK WKH &RXQFLO IRU WKH :HOIDUH RI &KLOGUHQ WKH
'HSDUWPHQWRI)RUHLJQ$IIDLUVDQGWKH'HSDUWPHQWRI-XVWLFHDIWHUGXHFRQVXOWDWLRQZLWK
DJHQFLHVLQYROYHGLQFKLOGFDUHDQGSODFHPHQWVKDOOSURPXOJDWHWKHQHFHVVDU\UXOHVDQG
UHJXODWLRQV WR LPSOHPHQW WKH SURYLVLRQV RI WKLV $FW ZLWKLQ VL[  PRQWKV DIWHU LWV
HIIHFWLYLW\

6(&7,21$SSURSULDWLRQV 7KH DPRXQWRI)LYHPLOOLRQSHVRV3
LV KHUHE\ DSSURSULDWHG IURP WKH SURFHHGV RI WKH /RWWR IRU WKH LQLWLDO RSHUDWLRQV RI WKH
%RDUG DQGVXEVHTXHQWO\WKHDSSURSULDWLRQVRIWKHVDPHVKDOOEHLQFOXGHGLQWKH*HQHUDO
$SSURSULDWLRQV$FWIRUWKH\HDUIROORZLQJLWVHQDFWPHQW

6(&7,216HSDUDELOLW\ &ODXVH ,I DQ\ SURYLVLRQ RU SDUW KHUHRI LV KHOG
LQYDOLG RU XQFRQVWLWXWLRQDO WKH UHPDLQGHU RI WKH ODZ RU WKH SURYLVLRQ QRW RWKHUZLVH
DIIHFWHGVKDOOUHPDLQYDOLGDQGVXEVLVWLQJ

6(&7,215HSHDOLQJ &ODXVH $Q\ ODZ GHFUHH H[HFXWLYH RUGHU
DGPLQLVWUDWLYH RUGHU RU UXOHV DQG UHJXODWLRQV FRQWUDU\ WR RU LQFRQVLVWHQW ZLWK WKH
SURYLVLRQVRIWKLV$FWDUHKHUHE\UHSHDOHGPRGLILHGRUDPHQGHGDFFRUGLQJO\

6(&7,21(IIHFWLYLW\ &ODXVH 7KLV $FW VKDOO WDNH HIIHFW ILIWHHQ  GD\V
DIWHULWVSXEOLFDWLRQLQWZRQHZVSDSHUVRIJHQHUDOFLUFXODWLRQ

$SSURYHG-XQH

5HSXEOLF$FW1R

SDJH