You are on page 1of 8

&,7<2)+$33<9$//(<

&,7<&+$57(5


35($0%/(

:HWKHYRWHUVRI+DSS\9DOOH\2UHJRQH[HUFLVHRXUSRZHUWRWKHIXOOHVWH[WHQWSRVVLEOHXQGHU
WKH2UHJRQ&RQVWLWXWLRQDQGODZVRIWKHVWDWHDQGHQDFWWKLV+RPH5XOH&KDUWHU


&KDSWHU,

1$0(6$1'%281'$5,(6

6HFWLRQ7LWOH7KLVFKDUWHUPD\EHUHIHUUHGWRDVWKH&LW\RI+DSS\9DOOH\&KDUWHU

6HFWLRQ1DPH7KH&LW\RI+DSS\9DOOH\2UHJRQFRQWLQXHVDVDPXQLFLSDOFRUSRUDWLRQZLWK
WKHQDPH&LW\RI+DSS\9DOOH\

6HFWLRQ%RXQGDULHV7KHFLW\LQFOXGHVDOOWHUULWRU\ZLWKLQLWVERXQGDULHVDVWKH\QRZH[LVWRU
DUH OHJDOO\ PRGLILHG  7KH FLW\ ZLOO PDLQWDLQ DQ DFFXUDWH DQG FXUUHQW GHVFULSWLRQ RI WKH
ERXQGDULHVDVDSXEOLFUHFRUG


&KDSWHU,,

32:(56

6HFWLRQ3RZHUV7KHFLW\KDVDOOSRZHUVWKDWWKHFRQVWLWXWLRQVVWDWXWHVDQGFRPPRQODZRI
WKH8QLWHG6WDWHVDQG2UHJRQH[SUHVVO\RULPSOLHGO\JUDQWRUDOORZWKHFLW\DVIXOO\DVWKRXJK
WKLVFKDUWHUVSHFLILFDOO\HQXPHUDWHGHDFKRIWKRVHSRZHUV

6HFWLRQ   &RQVWUXFWLRQ7KHFKDUWHUZLOOEHOLEHUDOO\ FRQVWUXHGVRWKDW WKHFLW\PD\ H[HUFLVH
IXOO\DOOSRZHUVSRVVLEOHXQGHUWKLVFKDUWHUDQGXQGHU8QLWHG6WDWHVDQG2UHJRQODZ

6HFWLRQ'LVWULEXWLRQ7KH2UHJRQ&RQVWLWXWLRQUHVHUYHVLQLWLDWLYHDQGUHIHUHQGXPSRZHUVDV
WRDOOPXQLFLSDOOHJLVODWLRQWRFLW\YRWHUV7KLVFKDUWHUYHVWVDOORWKHUFLW\SRZHUVLQWKHFRXQFLO
H[FHSWDVWKHFKDUWHURWKHUZLVHSURYLGHV7KHFRXQFLOKDVOHJLVODWLYHDGPLQLVWUDWLYHDQGTXDVL
MXGLFLDO DXWKRULW\  7KH FRXQFLO H[HUFLVHV OHJLVODWLYH DXWKRULW\ E\ RUGLQDQFH DGPLQLVWUDWLYH
DXWKRULW\E\UHVROXWLRQDQGTXDVLMXGLFLDODXWKRULW\E\RUGHU7KHFRXQFLOPD\QRWGHOHJDWHLWV
DXWKRULW\WRDGRSWRUGLQDQFHV






 
&KDSWHU,,,

&281&,/

6HFWLRQ&RXQFLO7KHFRXQFLOFRQVLVWVRIDPD\RUDQGIRXUFRXQFLORUVQRPLQDWHGDQGHOHFWHG
E\WKHFLW\DWODUJH

6HFWLRQ0D\RU

D 7KHPD\RUSUHVLGHVRYHUDQGIDFLOLWDWHVFRXQFLOPHHWLQJVSUHVHUYHVRUGHUHQIRUFHVFRXQFLO
SURFHGXUHVDQGGHWHUPLQHVWKHRUGHURIFRXQFLOEXVLQHVV

E :LWKWKHFRQVHQWRIFRXQFLOWKHPD\RUDSSRLQWVPHPEHUVRIFRPPLVVLRQVDQGFRPPLWWHHV
HVWDEOLVKHGE\RUGLQDQFHRUUHVROXWLRQ

F 7KHPD\RUPXVWVLJQDOOUHFRUGVRIFRXQFLOGHFLVLRQV

G 7KHPD\RUVHUYHVDVWKHSROLWLFDOKHDGRIWKHFLW\JRYHUQPHQW

6HFWLRQ&RXQFLO3UHVLGHQW$WLWVILUVWPHHWLQJRIHDFKRGGQXPEHUHG\HDUWKHFRXQFLOPXVW
HOHFWDSUHVLGHQWIURPLWVPHPEHUVKLS7KHSUHVLGHQWSUHVLGHVLQWKHDEVHQFHRIWKHPD\RUDQG
DFWVDVPD\RUZKHQWKHPD\RULVXQDEOHWRSHUIRUPGXWLHV

6HFWLRQ5XOHV 7KHFRXQFLOPXVWE\UHVROXWLRQDGRSWUXOHVWRJRYHUQLWVPHHWLQJV

6HFWLRQ   0HHWLQJV  7KH FRXQFLO PXVW PHHW DW OHDVW RQFH D PRQWK DW D WLPH DQG SODFH
GHVLJQDWHGE\LWVUXOHVDQGPD\PHHWDWRWKHUWLPHVLQDFFRUGDQFHZLWKWKHUXOHV

6HFWLRQ4XRUXP7KHPD\RUDQGWZRFRXQFLORUVRUWKUHHFRXQFLORUVLVDTXRUXPWRFRQGXFW
EXVLQHVV EXW D VPDOOHU QXPEHU PD\ PHHW DQG FRPSHO DWWHQGDQFH RI DEVHQW PHPEHUV DV
SUHVFULEHGE\UXOH

6HFWLRQ9RWH5HTXLUHG7KH H[SUHVVDSSURYDORIDPDMRULW\RIDTXRUXPRIWKHFRXQFLOLV
QHFHVVDU\IRUDQ\FRXQFLOGHFLVLRQH[FHSWZKHQWKLVFKDUWHUUHTXLUHVDSSURYDOE\DPDMRULW\RI
WKHFRXQFLO

6HFWLRQ5HFRUG$UHFRUGRIFRXQFLOPHHWLQJVPXVWEHNHSWLQDPDQQHUSUHVFULEHGE\UXOH










 
&KDSWHU,9

/(*,6/$7,9($87+25,7<

6HFWLRQ   2UGLQDQFHV  7KH FRXQFLO ZLOO H[HUFLVH LWV OHJLVODWLYH DXWKRULW\ E\ DGRSWLQJ
RUGLQDQFHV7KHHQDFWLQJFODXVHIRUDOORUGLQDQFHVPXVWVWDWH³7KH&LW\RI+DSS\9DOOH\RUGDLQV
DVIROORZV´

6HFWLRQ2UGLQDQFH$GRSWLRQ

D  ([FHSW DV DXWKRUL]HG E\ VXEVHFWLRQ E  WKH FRXQFLO PXVW DGRSW DQ RUGLQDQFH ZLWK WKH
DSSURYDORIDPDMRULW\RIWKHFRXQFLODWWZRPHHWLQJV

E  7KH FRXQFLO PD\ DGRSW DQ RUGLQDQFH DW D VLQJOH PHHWLQJ E\ WKH XQDQLPRXV DSSURYDO RI DW
OHDVWWKUHHPHPEHUVRIWKHFRXQFLOSURYLGHGWKHSURSRVHGRUGLQDQFHLVDYDLODEOHWRWKHSXEOLFDW
OHDVWRQHZHHNEHIRUHWKHPHHWLQJ

F $Q\VXEVWDQWLYHDPHQGPHQWWRDSURSRVHGRUGLQDQFHPXVWEHUHDGDORXGRUPDGHDYDLODEOHWR
WKHSXEOLFEHIRUHWKHFRXQFLODGRSWVWKHRUGLQDQFHDWWKDWPHHWLQJ

G $IWHUWKHDGRSWLRQRIDQRUGLQDQFHWKHYRWHRIHDFKPHPEHUPXVWEHHQWHUHGLQWRWKHFRXQFLO
PLQXWHV

H $IWHUDGRSWLRQRIDQRUGLQDQFHWKHFLW\UHFRUGHUPXVWDWWHVWWRWKHDGRSWLRQDQGWKHGDWHRI
DGRSWLRQ

6HFWLRQ(IIHFWLYH'DWHRI2UGLQDQFHV2UGLQDQFHVQRUPDOO\WDNHHIIHFWRQWKHWKGD\DIWHU
DGRSWLRQRURQDODWHUGD\SURYLGHGLQWKHRUGLQDQFH$QRUGLQDQFHPD\WDNHHIIHFWDVVRRQDV
DGRSWHGRURWKHUGDWHOHVVWKDQGD\VDIWHUDGRSWLRQLILWFRQWDLQVDQHPHUJHQF\FODXVH


&KDSWHU9

&281&,/$'0,1,675$7,9($87+25,7<

6HFWLRQ   5HVROXWLRQV  7KH FRXQFLO ZLOO QRUPDOO\ H[HUFLVH LWV DGPLQLVWUDWLYH DXWKRULW\ E\
DSSURYLQJ UHVROXWLRQV  7KH DSSURYLQJ FODXVH IRU UHVROXWLRQV PD\ VWDWH ³7KH &LW\ RI +DSS\
9DOOH\UHVROYHVDVIROORZV´

6HFWLRQ5HVROXWLRQ$SSURYDO

D $UHVROXWLRQRUDQ\RWKHUFRXQFLODGPLQLVWUDWLYHGHFLVLRQPD\EHDSSURYHGE\WKHFRXQFLODW
RQHPHHWLQJ

E  $Q\ VXEVWDQWLYH DPHQGPHQW WR D UHVROXWLRQ PXVW EH UHDG DORXG RU PDGH DYDLODEOH WR WKH
SXEOLFEHIRUHWKHFRXQFLODGRSWVWKHUHVROXWLRQDWWKDWPHHWLQJ

 

F $IWHUDSSURYDORIDUHVROXWLRQRURWKHUDGPLQLVWUDWLYHGHFLVLRQWKHYRWHRIHDFKPHPEHUPXVW
EHHQWHUHGLQWRWKHFRXQFLOPLQXWHV

G $IWHUDSSURYDORIDUHVROXWLRQWKHPD\RUPXVWVLJQLWDQGWKHFLW\UHFRUGHUPXVWDWWHVWWRWKH
GDWHRIDSSURYDO

6HFWLRQ(IIHFWLYH'DWHRI5HVROXWLRQV5HVROXWLRQVDQGRWKHUDGPLQLVWUDWLYHGHFLVLRQVWDNH
HIIHFWRQWKHGDWHRIDSSURYDORURQDODWHUGD\SURYLGHGLQWKHUHVROXWLRQ


&KDSWHU9,

48$6,-8',&,$/$87+25,7<

6HFWLRQ2UGHUV7KHFRXQFLOZLOOQRUPDOO\H[HUFLVHLWVTXDVLMXGLFLDODXWKRULW\E\DSSURYLQJ
RUGHUV  7KH DSSURYLQJ FODXVH IRU RUGHUV PD\ VWDWH ³7KH &LW\ RI +DSS\ 9DOOH\ RUGHUV DV
IROORZV´

6HFWLRQ2UGHU$SSURYDO

D $QRUGHURUDQ\RWKHUFRXQFLOTXDVLMXGLFLDOGHFLVLRQPD\EHDSSURYHGE\WKHFRXQFLODWRQH
PHHWLQJ

E $Q\VXEVWDQWLYHDPHQGPHQWWRDQRUGHUPXVWEHUHDGDORXGRUPDGHDYDLODEOHWRWKHSXEOLFDW
WKHPHHWLQJEHIRUHWKHFRXQFLODGRSWVWKHRUGHU

F $IWHUDSSURYDORIDQRUGHURURWKHUFRXQFLOTXDVLMXGLFLDOGHFLVLRQWKHYRWHRIHDFKPHPEHU
PXVWEHHQWHUHGLQWKHFRXQFLOPLQXWHV

G $IWHUDSSURYDORIDQRUGHUWKHPD\RUPXVWVLJQLWDQGWKHFLW\UHFRUGHUPXVWDWWHVWWRWKHGDWH
RIDSSURYDO

6HFWLRQ(IIHFWLYH'DWHRI2UGHUV2UGHUVDQGRWKHUTXDVLMXGLFLDOGHFLVLRQVWDNHHIIHFWRQ
WKHGDWHRIILQDODSSURYDORURQDODWHUGD\SURYLGHGLQWKHRUGHURUE\RUGLQDQFH


&KDSWHU9,,

(/(&7,216

6HFWLRQ   &RXQFLORUV  $W HDFK JHQHUDO HOHFWLRQ DIWHU WKH DGRSWLRQ RI WKLV FKDUWHU WZR
FRXQFLORUV ZLOO EH HOHFWHG IRU IRXU\HDU WHUPV E\ SRVLWLRQ  7KH WHUPV RI FRXQFLORUV LQ RIILFH
ZKHQWKLVFKDUWHULVDGRSWHGDUHWKHWHUPVIRUZKLFKWKH\ZHUHHOHFWHG


 
6HFWLRQ0D\RU$WHYHU\JHQHUDOHOHFWLRQDIWHUWKHDGRSWLRQRIWKLVFKDUWHUDPD\RUZLOOEH
HOHFWHGIRUDIRXU\HDUWHUP7KHWHUPRIWKHPD\RULQRIILFHZKHQWKLVFKDUWHULVDGRSWHGLVWKH
WHUPIRUZKLFKWKHPD\RUZDVHOHFWHG

6HFWLRQ   6WDWH /DZ  &LW\ HOHFWLRQV PXVW FRQIRUP WR VWDWH ODZ H[FHSW DV WKLV FKDUWHU RU
RUGLQDQFHVSURYLGHRWKHUZLVH$OOHOHFWLRQVIRUFLW\RIILFHVPXVWEHQRQSDUWLVDQ

6HFWLRQ4XDOLILFDWLRQV

D 7RKROGDFLW\HOHFWLYHSRVLWLRQHDFKSHUVRQPXVWEHDTXDOLILHGHOHFWRUXQGHUVWDWHODZDQG
UHVLGHZLWKLQWKHFLW\IRUDWOHDVWRQH\HDULPPHGLDWHO\EHIRUHHOHFWLRQRUDSSRLQWPHQWWRRIILFH

E 1RSHUVRQPD\EHDFDQGLGDWHDWDVLQJOHHOHFWLRQIRUPRUHWKDQRQHFLW\RIILFH

F 1HLWKHUWKHPD\RUQRUDFRXQFLORUPD\EHHPSOR\HGE\WKHFLW\

G 7KHFRXQFLOLVWKHILQDOMXGJHRIWKHHOHFWLRQDQGTXDOLILFDWLRQVRILWVPHPEHUV

6HFWLRQ1RPLQDWLRQV
7KHFRXQFLOPXVWSUHVFULEHE\RUGLQDQFHRWKHUSURFHGXUHVIRUWKHQRPLQDWLRQDQGHOHFWLRQRI
SHUVRQVIRUFLW\HOHFWLYHSRVLWLRQV

6HFWLRQ7HUPV7KHWHUPRIDQRIILFHUHOHFWHGDWDJHQHUDOHOHFWLRQEHJLQVDWWKHILUVWFRXQFLO
PHHWLQJ RI WKH FDOHQGDU \HDU LPPHGLDWHO\ DIWHU WKH HOHFWLRQ DQG FRQWLQXHV XQWLO WKH VXFFHVVRU
TXDOLILHVDQGDVVXPHVWKHRIILFH

6HFWLRQ2DWK7RKROGDFLW\HOHFWLYHSRVLWLRQHDFKSHUVRQPXVWVZHDURUDIILUPWRIDLWKIXOO\
SHUIRUPWKHGXWLHVRIWKHRIILFHDQGVXSSRUWWKHFRQVWLWXWLRQVDQGODZVRIWKH8QLWHG6WDWHVDQG
2UHJRQ

6HFWLRQ9DFDQFLHV$FLW\HOHFWLYHSRVLWLRQEHFRPHVYDFDQW

D 8SRQWKHLQFXPEHQW¶V
 'HDWK
 $GMXGLFDWHGLQFRPSHWHQFHRU
 5HFDOOIURPWKHRIILFH

E 8SRQGHFODUDWLRQE\WKHFRXQFLODIWHUWKHLQFXPEHQW¶V
 )DLOXUHWRTXDOLI\IRUWKHRIILFHZLWKLQGD\VRIWKHWLPHWKHWHUPRIRIILFHLVWREHJLQ
 $EVHQFHIURPWKHFLW\IRUGD\VZLWKRXWFRXQFLOFRQVHQWRUIURPDOOFRXQFLOPHHWLQJV
ZLWKLQDGD\SHULRG
 &HDVLQJWRUHVLGHLQWKHFLW\
 &HDVLQJWREHDTXDOLILHGHOHFWRUXQGHUVWDWHODZ
 &RQYLFWLRQRIDSXEOLFRIIHQVHSXQLVKDEOHE\ORVVRIOLEHUW\
 $VVXPLQJDQRWKHUHOHFWHGRIILFH


 
 5HVLJQDWLRQIURPWKHRIILFHRU
 5HPRYDOXQGHU6HFWLRQ K 

6HFWLRQ)LOOLQJ9DFDQFLHV$YDFDQWFLW\HOHFWLYHSRVLWLRQZLOOEHILOOHGE\DSSRLQWPHQWE\D
PDMRULW\ RI WKH UHPDLQLQJ FRXQFLORUV  7KH DSSRLQWHH¶V WHUP RI RIILFH UXQV IURP DSSRLQWPHQW
XQWLO H[SLUDWLRQ RI WKH WHUP RI RIILFH RI WKH ODVW SHUVRQ HOHFWHG WR WKDW RIILFH  ,I D GLVDELOLW\
SUHYHQWV D FRXQFLORU IURP DWWHQGLQJ FRXQFLOPHHWLQJVD PDMRULW\ RIWKH FRXQFLOPD\DSSRLQW D
FRXQFLORUSURWHP


&KDSWHU9,,,

$332,17,9(2)),&(56

6HFWLRQ&LW\0DQDJHU

D  7KH RIILFH RI FLW\ PDQDJHU LV HVWDEOLVKHG DV WKH FKLHI DGPLQLVWUDWLYH RIILFHU RI WKH FLW\
JRYHUQPHQW 7KH FLW\ PDQDJHU LV UHVSRQVLEOH WR WKH PD\RU DQG FRXQFLO IRU WKH SURSHU
DGPLQLVWUDWLRQ RI DOO FLW\ EXVLQHVV  7KH FLW\ PDQDJHU ZLOO DVVLVW WKH PD\RU DQG FRXQFLO LQ WKH
GHYHORSPHQWRIFLW\SROLFLHVDQGFDUU\RXWSROLFLHVHVWDEOLVKHGE\RUGLQDQFHVDQGUHVROXWLRQV

E $PDMRULW\RIWKHFRXQFLOPXVWDSSRLQWDQGPD\UHPRYHWKHPDQDJHU7KHDSSRLQWPHQWPXVW
EHPDGHZLWKRXWUHJDUGWRSROLWLFDOFRQVLGHUDWLRQVDQGVROHO\EDVHGRQHGXFDWLRQDQGH[SHULHQFH
ZLWKORFDOJRYHUQPHQWPDQDJHPHQW

F 7KHPDQDJHUPD\EHDSSRLQWHGIRUDGHILQLWHRUDQLQGHILQLWHWHUPDQGPD\EHUHPRYHGDW
DQ\WLPHE\DPDMRULW\RIWKHFRXQFLO7KHFRXQFLOPXVWILOOWKHRIILFHE\DSSRLQWPHQWDVVRRQDV
SUDFWLFDEOHDIWHUWKHYDFDQF\RFFXUV

G 7KHPDQDJHUPXVW
 $WWHQGDOOFRXQFLOPHHWLQJVXQOHVVH[FXVHGE\WKHPD\RURUFRXQFLO
 0DNHUHSRUWVDQGUHFRPPHQGDWLRQVWRWKHPD\RUDQGFRXQFLODERXWWKHQHHGVRIWKHFLW\
 $GPLQLVWHU DQG HQIRUFH DOO FLW\ RUGLQDQFHV UHVROXWLRQV IUDQFKLVHV OHDVHV FRQWUDFWV
SHUPLWVDQGRWKHUFLW\GHFLVLRQV
 $SSRLQWVXSHUYLVHDQGUHPRYHFLW\HPSOR\HHV
 2UJDQL]HFLW\GHSDUWPHQWVDQGDGPLQLVWUDWLYHVWUXFWXUH
 3UHSDUHDQGDGPLQLVWHUWKHDQQXDOFLW\EXGJHW
 $GPLQLVWHUFLW\XWLOLWLHVDQGSURSHUW\
 (QFRXUDJHDQGVXSSRUWUHJLRQDODQGLQWHUJRYHUQPHQWDOFRRSHUDWLRQ
 3URPRWHFRRSHUDWLRQDPRQJWKHFRXQFLOVWDIIDQGFLWL]HQVLQGHYHORSLQJFLW\SROLFLHV
DQGEXLOGLQJDVHQVHRIFRPPXQLW\
 3HUIRUPRWKHUGXWLHVDVGLUHFWHGE\WKHFRXQFLO
 'HOHJDWHGXWLHVEXWUHPDLQUHVSRQVLEOHIRUDFWVRIDOOVXERUGLQDWHV

H 7KHPDQDJHUKDVQRDXWKRULW\RYHUWKHPD\RURUFRXQFLORURYHUWKHMXGLFLDOIXQFWLRQVRIWKH
PXQLFLSDOMXGJH

 

I 7KHPDQDJHUDQGRWKHUHPSOR\HHVGHVLJQDWHGE\WKHFRXQFLOPD\VLWDWFRXQFLOPHHWLQJVEXW
KDYHQRYRWH7KHPDQDJHUPD\WDNHSDUWLQDOOFRXQFLOGLVFXVVLRQV

J  :KHQ WKH PDQDJHU LV WHPSRUDULO\ GLVDEOHG IURP DFWLQJ DV PDQDJHU RU ZKHQ WKH RIILFH
EHFRPHV YDFDQW WKH FRXQFLO PXVW DSSRLQW D PDQDJHU SUR WHP  7KH PDQDJHU SUR WHP KDV WKH
DXWKRULW\ DQG GXWLHV RI PDQDJHU H[FHSW WKDW D SUR WHP PDQDJHU PD\ DSSRLQW RU UHPRYH
HPSOR\HHVRQO\ZLWKFRXQFLODSSURYDO

K 1HLWKHUWKHPD\RUQRUDFRXQFLORUPD\DWWHPSWGLUHFWO\RULQGLUHFWO\WRFRHUFHWKHPDQDJHURU
DFDQGLGDWHIRUWKHRIILFHRIPDQDJHULQWKHDSSRLQWPHQWRUUHPRYDORIDQ\FLW\HPSOR\HHRULQ
DGPLQLVWUDWLYHGHFLVLRQV9LRODWLRQRIWKLVSURKLELWLRQLVJURXQGVIRUUHPRYDOIURPRIILFHE\IRXU
FRXQFLORUVDIWHUDSXEOLFKHDULQJ,QFRXQFLOPHHWLQJVWKHPD\RUDQGFRXQFLORUVPD\GLVFXVVRU
VXJJHVWDQ\WRSLFZLWKWKHPDQDJHUUHODWLQJWRFLW\HPSOR\HHVRUDGPLQLVWUDWLYHPDWWHUV

6HFWLRQ&LW\$WWRUQH\7KHRIILFHRIFLW\DWWRUQH\LVHVWDEOLVKHGDVWKHFKLHIOHJDORIILFHURI
WKHFLW\JRYHUQPHQW$PDMRULW\RIWKHPD\RUDQGFRXQFLORUVPXVWDSSRLQWDQGPD\UHPRYHWKH
DWWRUQH\

6HFWLRQ0XQLFLSDO&RXUWDQG-XGJH

D $PDMRULW\RIWKHFRXQFLOPD\DSSRLQWDQGUHPRYHDPXQLFLSDOMXGJH7KHPXQLFLSDOMXGJH
ZLOOKROGFRXUWLQWKHFLW\DWVXFKSODFHDVWKHFRXQFLOGLUHFWV7KHFRXUWZLOOEHNQRZQDVWKH
PXQLFLSDO FRXUW 7KH PXQLFLSDO MXGJH PXVW EH DGPLWWHG WR SUDFWLFH LQ WKH 6XSUHPH &RXUW RI
2UHJRQ

E $OOSURFHHGLQJVRIWKLVFRXUWZLOOFRQIRUPWRVWDWHODZVJRYHUQLQJMXVWLFHVRIWKHSHDFHDQG
MXVWLFHFRXUWV

F  $OO DUHDVZLWKLQWKHFLW\DQGDUHDVRXWVLGHWKHFLW\DVSHUPLWWHGE\VWDWHODZDUHZLWKLQ WKH
WHUULWRULDOMXULVGLFWLRQRIWKHFRXUW

G 7KHPXQLFLSDOFRXUWKDVMXULVGLFWLRQRYHUHYHU\RIIHQVHFUHDWHGE\FLW\RUGLQDQFH7KHFRXUW
PD\ HQIRUFH IRUIHLWXUHV DQG RWKHU SHQDOWLHV FUHDWHG E\ VXFK RUGLQDQFHV 7KH FRXUW DOVR KDV
MXULVGLFWLRQXQGHUVWDWHODZXQOHVVOLPLWHGE\FLW\RUGLQDQFH

H 7KHPXQLFLSDOMXGJHPD\
 5HQGHUMXGJPHQWVDQGLPSRVHVDQFWLRQVRQSHUVRQVDQGSURSHUW\
 2UGHUWKHDUUHVWRIDQ\RQHDFFXVHGRIDQRIIHQVHDJDLQVWWKHFLW\
 &RPPLWWRMDLORUDGPLWWREDLODQ\RQHDFFXVHGRIDFLW\RIIHQVH
 ,VVXHDQGFRPSHOREHGLHQFHWRVXESRHQDV
 &RPSHOZLWQHVVHVWRDSSHDUDQGWHVWLI\DQGMXURUVWRVHUYHIRUWULDOV
 3HQDOL]HFRQWHPSWRIFRXUW
 ,VVXHSURFHVVHVQHFHVVDU\WRHQIRUFHMXGJPHQWVDQGRUGHUVRIWKHFRXUW
 ,VVXHVHDUFKZDUUDQWVDQG
 3HUIRUPRWKHUMXGLFLDODQGTXDVLMXGLFLDOIXQFWLRQVDVVLJQHGE\RUGLQDQFH

 

I 7KHFRXQFLOPD\DSSRLQWDQGPD\UHPRYHPXQLFLSDOMXGJHVSURWHP

J 7KHFRXQFLOPD\WUDQVIHUVRPHRUDOORIWKHIXQFWLRQVRIWKHPXQLFLSDOFRXUWWRDQDSSURSULDWH
VWDWHFRXUW


&KDSWHU,;

38%/,&,03529(0(176

6HFWLRQ  3URFHGXUH  7KH FRXQFLO PXVW SURYLGH E\ RUGLQDQFH IRU SURFHGXUHV JRYHUQLQJ WKH
PDNLQJ DOWHULQJ YDFDWLQJ RU DEDQGRQLQJ RI D SXEOLF LPSURYHPHQW  $ SURSRVHG SXEOLF
LPSURYHPHQW PD\ EH VXVSHQGHG IRU VL[ PRQWKV XSRQ UHPRQVWUDQFH E\ WKH RZQHUV RI UHDO
SURSHUW\ WR EH VSHFLDOO\ DVVHVVHG IRU WKH LPSURYHPHQW  7KH QXPEHUV RI RZQHUV QHFHVVDU\ WR
VXVSHQGWKHDFWLRQPXVWEHGHWHUPLQHGE\RUGLQDQFH

6HFWLRQ6SHFLDO$VVHVVPHQWV7KHSURFHGXUHIRUOHY\LQJFROOHFWLQJDQGHQIRUFLQJVSHFLDO
DVVHVVPHQWV IRU SXEOLF LPSURYHPHQWV RU RWKHU VHUYLFHV FKDUJHG DJDLQVW UHDO SURSHUW\ PXVW EH
JRYHUQHGE\RUGLQDQFH


&KDSWHU;

0,6&(//$1(2863529,6,216

6HFWLRQ   'HEW  &LW\ LQGHEWHGQHVV PD\ QRW H[FHHG GHEW OLPLWV LPSRVHG E\ VWDWH ODZ  $
FKDUWHUDPHQGPHQWLVQRWUHTXLUHGWRDXWKRUL]HFLW\LQGHEWHGQHVV

6HFWLRQ2UGLQDQFH&RQWLQXDWLRQ$OORUGLQDQFHVFRQVLVWHQWZLWKWKLVFKDUWHULQIRUFHZKHQLW
WDNHVHIIHFWUHPDLQLQHIIHFWXQWLODPHQGHGRUUHSHDOHG

6HFWLRQ5HSHDO$OOFKDUWHUSURYLVLRQVDGRSWHGEHIRUHWKLVFKDUWHUWDNHVHIIHFWDUHUHSHDOHG

6HFWLRQ6HYHUDELOLW\7KHWHUPVRIWKLVFKDUWHUDUHVHYHUDEOH,IDQ\SURYLVLRQLVKHOGLQYDOLG
E\DFRXUWWKHLQYDOLGLW\GRHVQRWDIIHFWDQ\RWKHUSDUWRIWKHFKDUWHU

6HFWLRQ7LPHRI(IIHFW7KLVFKDUWHUWDNHVHIIHFW-DQXDU\

 

You might also like