Cities Index.
Attachment 2 - Plans and Specifications

Camarillo City Council
June 10, 2026

Document
Attachment 2 - Plans and Specifications
Meeting
June 10, 2026
Body
Camarillo City Council
Pages
440
Original file
111.1 MB
Text extracted from the city's file for reading and search. Open the original on camarillo.primegov.com. That file is the official record.


  
   
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%+:;153   )(

,9(
 ($ 6725(5220/2&. /
3$   H 6&+
 ($ /2&.*8$5' /*   863 ,9(
 ($ 685)$&(&/26(5 ;3+&86+:06   
 /&1
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
   ' =(5
 6(7 *$6.(7,1* '6   ' =(5
 ($ '2256:((3 
'   ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
   ' =(5
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK35GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%+:;153   )(

,9(
 ($ &2167/$7&+,1*%2/7 )%3    ,9(
 ($ '8673522)675,.( '3'3
$65(4
'
   (

,9(
 ($ 6725(5220/2&. /
3$   H 6&+
 ($ &225',1$725 &25;)/;
0%0%)

$65(4
'
    ,9(
 ($ 685)$&(&/26(5 ;3+&86+6763(&     /&1
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
   ' =(5
 6(7 *$6.(7,1* '6   ' =(5
 ($ $675$*$/ 63   63 =(5
 ($ '2256:((3 
'   ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
   ' =(5
)25'225&/26(5
3529,'(07*3/$7(663(&,$/7(03/$7(63$&(56$1'$&&(6625,(6 $6
5(4
'

(/(&75,&$/52206$1'
,)&217$,1('(48,30(17/2$'(;&(('69$036
'2256+$//2876:,1*$1'5(&,(9((;,7'(9,&(720((71)3$5(48,50(176 -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK35GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%+:;153   )(

,9(
 ($ &2167/$7&+,1*%2/7 )%3    ,9(
 ($ '8673522)675,.( '3'3
$65(4
'
   (

,9(
 ($ 6725(5220/2&. /
3$   H 6&+
 ($ &225',1$725 &25;)/;
0%0%)

$65(4
'
    ,9(
 ($ 685)$&(&/26(5 ;3+&86+6763(&     /&1
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
   ' =(5
 6(7 *$6.(7,1* '6   ' =(5
 ($ $675$*$/ 63   63 =(5
 ($ '2256:((3 
'   ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
   ' =(5
)25'225&/26(5
3529,'(07*3/$7(663(&,$/7(03/$7(63$&(56$1'$&&(6625,(6 $6
5(4
'

(/(&75,&$/52206
,)&217$,1('(48,30(17/2$'(;&(('69$036'2256+$// 2876:,1*$1'5(&,(9((;,7'(9,&(720((71)3$5(48,50(176 +DUGZDUH*URXS1R
)RUXVHRQ'RRU
V



     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%+:;   )(

,9(
 ($ (/(&2)),&(/2&. &2&<.35+23%
%$77(5<23(5$7('
 a H 6&(
 ($ 685)$&(&/26(5 ;35(*253$$65(4:06     /&1
 ($ :$//)/2256723 :6&9;)6
$6
5(4
'

  (

,9(
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
   ' =(5
 6(7 *$6.(7,1*$1'6($/6 %<'225)5$0(0)*6833/,(5  7%' %2  ($ '2256:((3 
'   ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
   ' =(5
0,1,0802)'2257235$,/$1'/2&.67,/(5(48,5(')25'22535(36$1'+$5':$5( ,167$//$7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;   )(

,9(
 ($ (/(&2)),&(/2&. &2&<.35+23%
%$77(5<23(5$7('
 a H 6&(
 ($ 685)$&(&/26(5 5(*253$$65(4)&   
 /&1
 ($ .,&.3/$7( ;/':%&6   
 ,9(
 ($ :$//)/2256723 :6&9;)6
$6
5(4
'

  (

,9(
 ($ *$6.(7,1* 6%536$   %5 =(5
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;   )(

,9(
 ($ (/(&2)),&(/2&. &2&<.35+23%
%$77(5<23(5$7('
 a H 6&(
 ($ 685)$&(&/26(5 &86+)&   
 /&1
 ($ *$6.(7,1* 6%536$   %5 =(5
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;   )(

,9(
 ($ &/$665220/2&.:
2876,'(,1',&$725
/
3$26/2&   H 6&+
 ($ 685)$&(&/26(5 5(*253$$65(4)&   
 /&1
 ($ .,&.3/$7( ;/':%&6   
 ,9(
 ($ :$//)/2256723 :6&9;)6
$6
5(4
'

  (

,9(
 ($ *$6.(7,1* 6%536$   %5 =(5
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJH
RI
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;   )(

,9(
 ($ 35,9$&</2&.:2876,'(
,1',&$725
/
$/262&&   H 6&+
 ($ 685)$&(&/26(5 5(*253$$65(4)&   
 /&1
 ($ .,&.3/$7( ;/':%&6   
 ,9(
 ($ 0233/$7( ;/':%&6   
 ,9(
 ($ :$//)/2256723 :6&9;)6
$6
5(4
'

  (

,9(
 ($ *$6.(7,1* 6%536$   %5 =(5
+DUGZDUH*URXS1R

)RUXVHRQ'RRU
V


     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%+:;   )(

,9(
 ($ (/(&2)),&(/2&. &2&<.35+23%
%$77(5<23(5$7('
 a H 6&(
 ($ 685)$&(&/26(5 5(*253$$65(4)&   
 /&1
 ($ :$//)/2256723 :6&9;)6
$6
5(4
'

  (

,9(
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
   ' =(5
 6(7 *$6.(7,1* '6   ' =(5
 ($ '2256:((3 
'   ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
   ' =(5
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R$/
)RUXVHRQ'RRU
V


6)     
3URYLGHHDFK35GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ &217+,1*( ;<    ,9(
 ($ 6725()5217'($'%2/7
+($'(5$1'7+5(6+2/'

$&7,9(/($)

066;;    $'$
 ($ +($'(5%2/7
,1$&7,9(
/($)

   7%' $'$
 ($ 0257,6([7+80%7851
&</,1'(5
[    $'$
 ($ (;,7,1',&$725 
    $'$
 ($ &</,1'(5*8$5' 06    $'$
 ($ 6,*1 7+,6'225725(0$,1
81/2&.('
  $'$
 ($ 386+38//%$5

+'16   
 ,9(
 ($ 685)$&(&/26(5 ;3&86+6&86+:06
$6
5(4
'

  
 /&1
 ($ 02817,1*3/$7( ;3657
$65(4
'
   
 /&1
 ($ &86+6+2(6833257 ;3657
$65(4
'
   
 /&1
 ($ %/$'(672363$&(5 ;3657
$65(4
'
   
 /&1
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
   ' =(5
 6(7 *$6.(7,1*6($/6$1'
$675$*$/
%<'225)5$0(0)*6833/,(5  7%' %2
 ($ '2256:((3 
'
25%<'2250)*
  ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
   ' =(5
)25'225&/26(5
3529,'(07*3/$7(663(&,$/7(03/$7(63$&(56$1'$&&(6625,(6 $6
5(4
'

'225(48,33(':3$1,&+$5':$5(722876:,1*
,167$//6,*12125$'-$&(1772'2257+,6'225725(0$,181/2&.(':+(1%8,/',1*,6 2&&83,('25'85,1*%86,1(66+2856
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R*$7(
)RUXVHRQ'RRU
V


7     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 6(7 *$7(6(/)&/26(,1*
+,1*(63,9276
%<*$7('2250)56833/,(5;
47<$65(4
'
 %/. %2
 ($ (/(&&/$665220/2&. &2&<.35+23%
%$77(5<23(5$7('
 a H 6&(
 ($ )/2256723 )66)6/   %/. ,9(
3,9276:(/'$%/(*$7(%2;)25/2&.&/26(5$1'%$/$1&(2)+$5':$5(%<*$7(0)* 6833/,(5
&21),50+$5':$5(:,7+*$7('2250)*6833/,(535,257225'(5,1* 3529,'(02817,1*3/$7(6$1':(/'$%/(*$7(%2;
$65(4
'

'225&:+$5':$5(6833/,('%<0$1)$&785(5/,67(',7(06)255()(5(1&(21/< +DUGZDUH*URXS1R*$7(
)RUXVHRQ'RRU
V


7 7    
3URYLGHHDFK35GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 6(7 *$7(6(/)&/26(,1*
+,1*(63,9276
%<*$7('2250)56833/,(5;
47<$65(4
'
 %/. %2
 ($ &$1(%2/7:3$'/2&.

,1$&7,9(/($)

%<*$7(0)*6833/,(5  7%' %2
 ($ 6725(5220/2&. /
3$
253(5'2250)*
  H 6&+
 6(7 *$7('225&:
+$5':$5(
%<*$7('2250)*6833/,(5  7%' %2
3,9276:(/'$%/(*$7(%2;)25/2&.&/26(5$1'%$/$1&(2)+$5':$5(%<*$7(0)* 6833/,(5
&21),50+$5':$5(:,7+*$7('2250)*6833/,(535,257225'(5,1* 3529,'(02817,1*3/$7(6$1':(/'$%/(*$7(%2;
$65(4
'

-$0%3267672+$9(67((/326,7,21('726(59($6$326,7,9(6723*$7(&$11276:,1*3$67 7+(6833/,('675,.(-$0%6723
'225&:+$5':$5(6833/,('%<$1'3(5'2250$18)$&785(5/,67(',7(06)255()(5(1&( 21/<
&</,1'(56833/,('%<$65(4
'
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


  $  $ $
$ $ $   
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;   )(

,9(
 ($ (/(&(175$1&(/2&. )()6$7*5:(/$*5:  a  6&+  ($ 685)$&(&/26(5 5(*253$$65(4)&   
 /&1
 ($ '2256723 25

$65(48,5('
   )(

,9(
 ($ *$6.(7,1* 6%536$   %5 =(5
 ($ '2256+2( '   ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
   ' =(5
 ($ 9,(:(5 8

#
  %(

,9(
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


% %    
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;   )(

,9(
 ($ 3$66$*(6(7 )(/$    6&+
 ($ 21(6,'(''($'%2/7 %    6&+
 ($ '2256723 25

$65(48,5('
   )(

,9(
 6(7 *$6.(7,1*$1'6($/6 %<'225)5$0(0)*6833/,(5  7%' %2  ($ '2256+2( '   ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
   ' =(5

$''(;75$9,(:(5#)25$'$81,76
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


% % %   
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;   )(

,9(
 ($ 3$66$*(6(7 )(/$    6&+
 ($ 21(6,'(''($'%2/7 %    6&+
 ($ '2256723 25

$65(48,5('
   )(

,9(
 6(7 *$6.(7,1*$1'6($/6 %<'225)5$0(0)*6833/,(5  7%' %2  ($ '2256+2( '   ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
   ' =(5
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


8 8 8 8 8 8
8 8 8 8  
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( 53;3.   )( ,9(
 ($ 35,9$&</2&. )(/$    6&+
 ($ '2256723 25

$65(48,5('
   )(

,9(
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


8     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( 53;3.   )( ,9(
 ($ 3$66$*(6(7 )(/$    6&+
 ($ '2256723 25

$65(48,5('
   )(

,9(
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


8 8 8 8 8 
3URYLGHHDFK6/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 6(7 6/,',1*'225+: 60   7%' -2+
 ($ )/86+38//    %(

,9(
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


% % %   
3URYLGHHDFK6/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 6(7 3$7,26/,',1*'225&:
+$5':$5(
%<6/,',1*'2250)*
6833/,(5
 7%' %2
&</,1'(56833/,('%<$65(4
''225&:+$5':$5(6833/,('%<'225
0$18)$&785(5/,67(',7(06)255()(5(1&(21/<
  

(1'2)6(&7,21


-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
2379HUVLRQ /HJHQG

a(OHFWULILHG2SHQLQJ
'RRU +:6HW
a 8
a 8
$a 8
% 8
a 8
% 8
 
% 8
 
 
 
 

a 
a 

a 
a 
 
a 
 
 
a 
 

 
$a 8
% 8
$a 8
% 8
$a 8
% 8
$a 8
% 8
$a 8
% 8
6) $/
7a *$7(
7 *$7(
7 *$7(
8 8
8 8
8 8
8 8
8 8
'RRU +:6HW
8 8
8 8
8 8
8 8
8 8
8 8
8 8
8 8
8 8
8 8
8 8
ϪϪϪ(b"ϙi>ϙ‹(
“IibϪϪϪϙ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
,17(17,21$//()7%/$1.
ϙϙϙϙϙϙ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
2379HUVLRQ
'RR
U
+:
6HW
:LGWK +HLJKW 7KLFNQ
HVV
'RRU
0DWHULDO
)UDPH
0DWHULDO
5DWLQJ 2XWVLGH
5RRP
,QVLGH5RRP
 8    ),%5 :')  (;7(5,25 81,7(175<  8    ),%5 :')  (;7(5,25 81,7(175< 
$
8    ),%5 :')  /2%%< 81,7(175< 
%
8    ),%5 :')  .,7&+(1',
1,1*
3$7,2
 8    ),%5 :')  (;7(5,25 81,7(175< 
%
8    ),%5 :')  /,9,1* 3$7,2      +0' +0)  (;7(5,25 :+ 
%
8    ),%5 :')  /,9,1* 3$7,2      +0' +0)  (;7(5,25 (/(&      +0' +0)  (;7(5,25 (/(&      +0' +0)  (;7(5,25 (/(&      +0' +0)  (;7(5,25 :+ 
  
  ),%5 ),%5  /2%%< &20081,7<
5220
 
 
  ),%5 :')  /2%%< /$81'5<
  
  :' :')  2)),&( 35,9$7(
2)),&(
  
  :' :')  2)),&( 35,9$7(
2)),&(
  
  :' :') 0,1 2)),&( +$//:$<
  
  :' :')  2)),&( 35,9$7(
2)),&(
  
  :' :')  +$//:$< 55
  
  :' +0) 0,1 +$//:$< &20081,7<
5220
  
  :' :')  &20081,7
<5220
''&9
     +0' +0)  (;7(5,25 &2005220 
     +0' +0)  /2%%< 6725

$
8    ),%5 :')  (;7(5,25
67$,56
81,7(175<

%
8 
  ),%5 :')  /,9,1* %$/&21<

$
8    ),%5 :')  (;7(5,25
67$,56
81,7(175<

%
8 
  ),%5 :')  /,9,1* %$/&21<
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
'RR
U
+:
6HW
:LGWK +HLJKW 7KLFNQ
HVV
'RRU
0DWHULDO
)UDPH
0DWHULDO
5DWLQJ 2XWVLGH
5RRP
,QVLGH5RRP

$
8    ),%5 :')  (;7(5,25 81,7(175< 
%
8    ),%5 :')  /,9,1* %$/&21< 
$
8    ),%5 :')  (;7(5,25 81,7(175< 
%
8    ),%5 :')  /,9,1* %$/&21< 
$
8    ),%5 :')  (;7(5,25 81,7(175< 
%
8    ),%5 :')  /,9,1* %$/&21< 6) $/ 
  $* $/)  (;7(5,25 (/(&
7

*$7(

   67/ 67/  (;7(5,25 75$6+
(1&/2685(
7

*$7(


   67/ 67/  (;7(5,25 75$6+
(1&/2685(
7

*$7(


   67/ 67/  (;7(5,25 75$6+
(1&/2685(
8

8    :' 81.  .,7&+(1/,
9,1*
%('5220
8

8    :' 81.  .,7&+(1/,
9,1*
%('5220
8

8    :' 81.  /,9,1* %('5220 8

8    :' 81.  81,7
(175<.,7
&+(1
&/26(7
8

8    :' 81.  81,7
(175<%('
5220
%$7+5220
8

8    :' 81.  .,7&+(1/,
9,1*
%$7+5220
8

8    :' 81.  .,7&+(1',
1,1*
%$7+5220
8

8    :' 81.  +$//:$< %('5220 8

8    :' 81.  %('5220 &/26(7 8

8    :' 81.  %('5220 &/26(7 8

8    :' 81.  .,7&+(1',
1,1*
%('5220
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
'RR
U
+:
6HW
:LGWK +HLJKW 7KLFNQ
HVV
'RRU
0DWHULDO
)UDPH
0DWHULDO
5DWLQJ 2XWVLGH
5RRP
,QVLGH5RRP
8

8    :' 81.  +$//:$< %$7+5220 8

8    :' 81.  %('5220 &/26(7 8

8    :' 81.  %('5220

&/26(7
8

8    :' 81.   
8

8    :' 81.  %('5220

&/26(7
ϙ ϙ ϙ ϙ ϙ ϙ ϙ ϪϪϪ(b"ϙi>ϙ‹(
“IibϪϪϪϙ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
,17(17,21$//()7%/$1.
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
$EEUHYLDWLRQ 1DPH
$'$ $GDPV5LWH0DQXIDFWXULQJ&R
%2 %\2WKHUV
,9( +%,YHV
-2+ -RKQVRQ+DUGZDUH
/&1 /&1&RPPHUFLDO'LYLVLRQ
6&( 6FKODJH(OHFWURQLF6HFXULW\
6&+ 6FKODJH/RFN&RPSDQ\
=(5 =HUR,QWHUQDWLRQDO,QF
2379HUVLRQ
/HJHQG

a(OHFWULILHG2SHQLQJ
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


  
   
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%+:;153  )(

,9(
 ($ 6725(5220/2&. /
3$  H 6&+
 ($ /2&.*8$5' /*  863 ,9(
 ($ 685)$&(&/26(5 ;3+&86+:06  
 /&1
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
  ' =(5
 6(7 *$6.(7,1* '6  ' =(5
 ($ '2256:((3 
'  ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
  ' =(5
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK35GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%+:;153  )(

,9(
 ($ &2167/$7&+,1*%2/7 )%3   ,9(
 ($ '8673522)675,.( '3'3
$65(4
'
  (

,9(
 ($ 6725(5220/2&. /
3$  H 6&+
 ($ &225',1$725 &25;)/;
0%0%)

$6
5(4
'

  ,9(
 ($ 685)$&(&/26(5 ;3+&86+6763(&  
 /&1
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
  ' =(5
 6(7 *$6.(7,1* '6  ' =(5
 ($ $675$*$/ 63  63 =(5
 ($ '2256:((3 
'  ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
  ' =(5
)25'225&/26(5
3529,'(07*3/$7(663(&,$/7(03/$7(63$&(56$1'
$&&(6625,(6
$65(4
'

(/(&75,&$/52206$1'
,)&217$,1('(48,30(17/2$'(;&(('69
$036'2256+$//2876:,1*$1'5(&,(9((;,7'(9,&(720((71)3$5(48,50(176 -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK35GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%+:;153  )(

,9(
 ($ &2167/$7&+,1*%2/7 )%3   ,9(
 ($ '8673522)675,.( '3'3
$65(4
'
  (

,9(
 ($ 6725(5220/2&. /
3$  H 6&+
 ($ &225',1$725 &25;)/;
0%0%)

$6
5(4
'

  ,9(
 ($ 685)$&(&/26(5 ;3+&86+6763(&  
 /&1
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
  ' =(5
 6(7 *$6.(7,1* '6  ' =(5
 ($ $675$*$/ 63  63 =(5
 ($ '2256:((3 
'  ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
  ' =(5
)25'225&/26(5
3529,'(07*3/$7(663(&,$/7(03/$7(63$&(56$1'
$&&(6625,(6
$65(4
'

(/(&75,&$/52206
,)&217$,1('(48,30(17/2$'(;&(('69$036'225 6+$//2876:,1*$1'5(&,(9((;,7'(9,&(720((71)3$5(48,50(176 -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V



     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%+:;  )(

,9(
 ($ (/(&2)),&(/2&. &2&<.35+23%
%$77(5<23(5$7('
a H 6&(
 ($ 685)$&(&/26(5 ;35(*253$$65(4
:06
 
 /&1
 ($ :$//)/2256723 :6&9;)6
$6
5(4
'

 (

,9(
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
  ' =(5
 6(7 *$6.(7,1*$1'6($/6 %<'225)5$0(0)*
6833/,(5
 7%' %2
 ($ '2256:((3 
'  ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
  ' =(5
0,1,0802)'2257235$,/$1'/2&.67,/(5(48,5(')25'22535(36$1' +$5':$5(,167$//$7,21
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;  )(

,9(
 ($ (/(&2)),&(/2&. &2&<.35+23%
%$77(5<23(5$7('
a H 6&(
 ($ 685)$&(&/26(5 5(*253$$65(4)&  
 /&1
 ($ .,&.3/$7( ;/':%&6  
 ,9(
 ($ :$//)/2256723 :6&9;)6
$6
5(4
'

 (

,9(
 ($ *$6.(7,1* 6%536$  %5 =(5
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;  )(

,9(
 ($ (/(&2)),&(/2&. &2&<.35+23%
%$77(5<23(5$7('
a H 6&(
 ($ 685)$&(&/26(5 &86+)&  
 /&1
 ($ *$6.(7,1* 6%536$  %5 =(5
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;  )(

,9(
 ($ &/$665220/2&.:
2876,'(,1',&$725
/
3$26/2&  H 6&+
 ($ 685)$&(&/26(5 5(*253$$65(4)&  
 /&1
 ($ .,&.3/$7( ;/':%&6  
 ,9(
 ($ :$//)/2256723 :6&9;)6
$6
5(4
'

 (

,9(
 ($ *$6.(7,1* 6%536$  %5 =(5
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R
)RUXVHRQ'RRU
V


     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;  )(

,9(
 ($ 35,9$&</2&.:
2876,'(,1',&$725
/
$/262&&  H 6&+
 ($ 685)$&(&/26(5 5(*253$$65(4)&  
 /&1
 ($ .,&.3/$7( ;/':%&6  
 ,9(
 ($ 0233/$7( ;/':%&6  
 ,9(
 ($ :$//)/2256723 :6&9;)6
$6
5(4
'

 (

,9(
 ($ *$6.(7,1* 6%536$  %5 =(5
+DUGZDUH*URXS1R

)RUXVHRQ'RRU
V


     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%+:;  )(

,9(
 ($ (/(&2)),&(/2&. &2&<.35+23%
%$77(5<23(5$7('
a H 6&(
 ($ 685)$&(&/26(5 5(*253$$65(4)&  
 /&1
 ($ :$//)/2256723 :6&9;)6
$6
5(4
'

 (

,9(
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
  ' =(5
 6(7 *$6.(7,1* '6  ' =(5
 ($ '2256:((3 
'  ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
  ' =(5
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R$/
)RUXVHRQ'RRU
V


6)     
3URYLGHHDFK35GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ &217+,1*( ;<   ,9(
 ($ 6725()5217
'($'%2/7+($'(5$1'
7+5(6+2/'
$&7,9(
/($)

066;;   $'$
 ($ +($'(5%2/7
,1$&7,9(
/($)

  7%' $'$
 ($ 0257,6([7+80%7851
&</,1'(5
[   $'$
 ($ (;,7,1',&$725 
   $'$
 ($ &</,1'(5*8$5' 06   $'$
 ($ 6,*1 7+,6'22572
5(0$,181/2&.('
  $'$
 ($ 386+38//%$5

+'16  
 ,9(
 ($ 685)$&(&/26(5 ;3&86+6&86+:06
$6
5(4
'

 
 /&1
 ($ 02817,1*3/$7( ;3657
$65(4
'
  
 /&1
 ($ &86+6+2(6833257 ;3657
$65(4
'
  
 /&1
 ($ %/$'(672363$&(5 ;3657
$65(4
'
  
 /&1
 ($ 5$,1'5,3 '
20,7,)6+(/7(5('
  ' =(5
 6(7 *$6.(7,1*6($/6$1'
$675$*$/
%<'225)5$0(0)*
6833/,(5
 7%' %2
 ($ '2256:((3 
'
25%<'2250)*
 ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
  ' =(5
)25'225&/26(5
3529,'(07*3/$7(663(&,$/7(03/$7(63$&(56$1'
$&&(6625,(6
$65(4
'

'225(48,33(':3$1,&+$5':$5(722876:,1*
,167$//6,*12125$'-$&(1772'2257+,6'225725(0$,181/2&.(':+(1 %8,/',1*,62&&83,('25'85,1*%86,1(66+2856
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R*$7(
)RUXVHRQ'RRU
V


7     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 6(7 *$7(6(/)&/26(,1*
+,1*(63,9276
%<*$7('2250)5
6833/,(5;47<$65(4
'
 %/. %2
 ($ (/(&&/$665220/2&. &2&<.35+23%
%$77(5<23(5$7('
a H 6&(
 ($ )/2256723 )66)6/  %/. ,9(
3,9276:(/'$%/(*$7(%2;)25/2&.&/26(5$1'%$/$1&(2)+$5':$5(%<*$7( 0)*6833/,(5
&21),50+$5':$5(:,7+*$7('2250)*6833/,(535,257225'(5,1* 3529,'(02817,1*3/$7(6$1':(/'$%/(*$7(%2;
$65(4
'

'225&:+$5':$5(6833/,('%<0$1)$&785(5/,67(',7(06)255()(5(1&(21/< +DUGZDUH*URXS1R*$7(
)RUXVHRQ'RRU
V


7 7    
3URYLGHHDFK35GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 6(7 *$7(6(/)&/26(,1*
+,1*(63,9276
%<*$7('2250)5
6833/,(5;47<$65(4
'
 %/. %2
 ($ &$1(%2/7:3$'/2&.

,1$&7,9(/($)

%<*$7(0)*6833/,(5  7%' %2
 ($ 6725(5220/2&. /
3$
253(5'2250)*
 H 6&+
 6(7 *$7('225&:
+$5':$5(
%<*$7('2250)*
6833/,(5
 7%' %2
3,9276:(/'$%/(*$7(%2;)25/2&.&/26(5$1'%$/$1&(2)+$5':$5(%<*$7( 0)*6833/,(5
&21),50+$5':$5(:,7+*$7('2250)*6833/,(535,257225'(5,1* 3529,'(02817,1*3/$7(6$1':(/'$%/(*$7(%2;
$65(4
'

-$0%3267672+$9(67((/326,7,21('726(59($6$326,7,9(6723*$7(&$1127 6:,1*3$677+(6833/,('675,.(-$0%6723
'225&:+$5':$5(6833/,('%<$1'3(5'2250$18)$&785(5/,67(',7(06)25 5()(5(1&(21/<
&</,1'(56833/,('%<$65(4
'
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJH
RI
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


  $  $ $
$ $ $   
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;  )(

,9(
 ($ (/(&(175$1&(/2&. )()6$7*5:(/$*5: a  6&+  ($ 685)$&(&/26(5 5(*253$$65(4)&  
 /&1
 ($ '2256723 25

$65(48,5('
  )(

,9(
 ($ *$6.(7,1* 6%536$  %5 =(5
 ($ '2256+2( '  ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
  ' =(5
 ($ 9,(:(5 8

#
 %(

,9(
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


% %    
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;  )(

,9(
 ($ 3$66$*(6(7 )(/$   6&+
 ($ 21(6,'(''($'%2/7 %   6&+
 ($ '2256723 25

$65(48,5('
  )(

,9(
 6(7 *$6.(7,1*$1'6($/6 %<'225)5$0(0)*
6833/,(5
 7%' %2
 ($ '2256+2( '  ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
  ' =(5

$''(;75$9,(:(5#)25$'$81,76
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


% % %   
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( %%;  )(

,9(
 ($ 3$66$*(6(7 )(/$   6&+
 ($ 21(6,'(''($'%2/7 %   6&+
 ($ '2256723 25

$65(48,5('
  )(

,9(
 6(7 *$6.(7,1*$1'6($/6 %<'225)5$0(0)*
6833/,(5
 7%' %2
 ($ '2256+2( '  ' =(5
 ($ 7+5(6+2/' '
25$6'(7$,/('
  ' =(5
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


8 8 8 8 8 8
8 8 8 8  
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( 53;3.  )( ,9(
 ($ 35,9$&</2&. )(/$   6&+
 ($ '2256723 25

$65(48,5('
  )(

,9(
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


8     
3URYLGHHDFK6*/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 ($ +,1*( 53;3.  )( ,9(
 ($ 3$66$*(6(7 )(/$   6&+
 ($ '2256723 25

$65(48,5('
  )(

,9(
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


8 8 8 8 8 
3URYLGHHDFK6/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 6(7 6/,',1*'225+: 60  7%' -2+
 ($ )/86+38//   %(

,9(
+DUGZDUH*URXS1R8
)RUXVHRQ'RRU
V


% % %   
3URYLGHHDFK6/GRRU
V
ZLWKWKHIROORZLQJ

47<  '(6&5,37,21 &$7$/2*180%(5   ),1,6+ 0)5
 6(7 3$7,26/,',1*'225
&:+$5':$5(
%<6/,',1*'2250)*
6833/,(5
 7%' %2
&</,1'(56833/,('%<$65(4
''225&:+$5':$5(6833/,('%<'225
0$18)$&785(5/,67(',7(06)255()(5(1&(21/<
ϙϙϙϙϙ ϪϪϪ(b"ϙi>ϙ‹(
“IibϪϪϪϙ ϙϙϙϙ
ϙϙϙϙϙϙϙϙϙ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
Ib“(b“Iib[[´ϙ[(>“ϙ[bXϙ
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 08 8000
08 8000 Glazing
01-20-2026 Page 1 of 6
Section 08 8000
Glazing
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Insulating glass units.

B. Glazing compounds.

1.02 RELATED REQUIREMENTS
A. Section 08 4313 - Aluminum-Framed Storefronts: Glazing provided as part of storefront assembly.

1.03 REFERENCE STANDARDS
A. 16 CFR 1201 - Safety Standard for Architectural Glazing Materials; Current Edition.

B. ANSI Z97.1 - American National Standard for Safety Glazing Materials Used in Buildings - Safety Performance Specifications and Methods of Test; 2015 (Reaffirmed 2020).

C. ASCE 7 - Minimum Design Loads and Associated Criteria for Buildings and Other Structures; Most Recent Edition Cited by Referring Code or Reference Standard.

D. ASTM C864 - Standard Specification for Dense Elastomeric Compression Seal Gaskets, Setting Blocks, and Spacers; 2005 (Reapproved 2011).

E. ASTM C1036 - Standard Specification for Flat Glass; 2025.

F. ASTM C1048 - Standard Specification for Heat-Strengthened and Fully Tempered Flat Glass; 2025.

G. ASTM C1193 - Standard Guide for Use of Joint Sealants; 2025.

H. ASTM C1376 - Standard Specification for Pyrolytic and Vacuum Deposition Coatings on Flat Glass; 2021a.

I. ASTM E1300 - Standard Practice for Determining Load Resistance of Glass in Buildings; 2024.

J. BS EN 14179-1 - Glass in Building - Heat Soaked Thermally Toughened Soda Lime Silicate Safety Glass - Part 1: Definition and Description; 2016.

K. CBC, Chapter 7A - Materials and Construction Methods for Exterior Wildfire Exposure; 2022.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 08 8000
08 8000 Glazing
01-20-2026 Page 2 of 6
L. GANA (SM) - GANA Sealant Manual; 2008.

M. NFRC 100 - Procedure for Determining Fenestration Product U-factors; 2023.

N. NFRC 200 - Procedure for Determining Fenestration Product Solar Heat Gain Coefficient and Visible Transmittance at Normal Incidence; 2023.

O. NFRC 300 - Test Method for Determining the Solar Optical Properties of Glazing Materials and Systems; 2023.

1.04 SUBMITTALS
A. See Section 01 3300 - Submittals for submittal procedures.

B. Product Data on Insulating Glass Unit Glazing Types: Provide structural, physical and environmental characteristics, size limitations, special handling and installation requirements.

C. Product Data on Glazing Compounds and Accessories: Provide chemical, functional, and environmental characteristics, limitations, special application requirements, and identify available colors.

D. Warranty Documentation: Submit manufacturer warranty and ensure that forms have been completed in Owner's name and registered with manufacturer.

1.05 QUALITY ASSURANCE
A. Manufacturer Qualifications: Company specializing in manufacturing the products specified in this section with minimum three years of documented experience.

1.06 WARRANTY
A. See Section 01 7800 - Closeout Submittals for additional warranty requirements.

B. Insulating Glass Units: Provide a five (5) year manufacturer warranty to include coverage for seal failure, interpane dusting or misting, including providing products to replace failed units.

C. Heat Soaked Tempered Glass: Provide a five (5) year manufacturer warranty to include coverage for spontaneous breakage of fully tempered glass caused by nickel sulfide (NiS) inclusions.

PART 2 PRODUCTS

2.01 MANUFACTURERS
A. Float Glass Manufacturers:

1. Vitro Architectural Glass (formerly PPG Glass): www.vitroglazings.com/#sle.

2. Substitutions: See Section 01 6000 - Product Requirements.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 08 8000
08 8000 Glazing
01-20-2026 Page 3 of 6

2.02 PERFORMANCE REQUIREMENTS - EXTERIOR GLAZING ASSEMBLIES A. Provide type and thickness of exterior glazing assemblies to support assembly dead loads, and to withstand live loads caused by positive and negative wind pressure acting normal to plane of glass.

1. Comply with ASTM E1300 for design load resistance of glass type, thickness, dimensions, and maximum lateral deflection of supported glass.

2. Seismic Loads: Design and size glazing components to withstand seismic loads and sway displacement in accordance with the requirements of ASCE 7

3. Provide glass edge support system sufficiently stiff to limit the lateral deflection of supported glass edges to less than 1/175 of their lengths under specified design load.

4. Glass thicknesses listed are minimum.

B. Weather-Resistive Barrier Seals: Provide completed assemblies that maintain continuity of building enclosure water-resistive barrier, vapor retarder, and/or air barrier.

1. In conjunction with weather barrier related materials described in other sections, as follows:

C. Thermal and Optical Performance: Provide exterior glazing products with performance properties as indicated. Performance properties are in accordance with manufacturer's published data as determined with the following procedures and/or test methods:

1. Center of Glass U-Value: Comply with NFRC 100 using Lawrence Berkeley National Laboratory (LBNL) WINDOW 7 computer program.

2. Center of Glass Solar Heat Gain Coefficient (SHGC): Comply with NFRC 200 using Lawrence Berkeley National Laboratory (LBNL) WINDOW 7 computer program.

3. Solar Optical Properties: Comply with NFRC 300 test method.

2.03 GLASS MATERIALS
A. Float Glass: Provide float glass based glazing unless otherwise indicated.

1. Annealed Type: ASTM C1036, Type I - Transparent Flat, Class 1 - Clear, Quality - Q3.

2. Kind HS - Heat-Strengthened Type: Complies with ASTM C1048.

3. Fully Tempered Safety Glass: Complies with ANSI Z97.1 or 16 CFR 1201 criteria for safety glazing used in hazardous locations.

4. Heat-Soak Testing (HST): Provide HST of fully tempered glass used on canopy, pointsupported, spider wall, high-risk, sloping overhead, horizontal overhead, free-standing glass protective barrier, or other demanding applications of project, to reduce risks of spontaneous breakage due to nickel sulfide (NiS) induced fractures in accordance with BS EN 14179-1.

5. Thicknesses: As indicated; provide greater thickness as required for exterior glazing wind load design.

2.04 BASIS OF DESIGN - INSULATING GLASS UNITS
A. Basis of Design - Insulating Glass Units: Vision glazing, with low-e coating.

1. Applications: Exterior insulating glass glazing unless otherwise indicated.

2. Space between lites filled with air.

3. Total Thickness: 1 inch.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 08 8000
08 8000 Glazing
01-20-2026 Page 4 of 6

4. Thermal Transmittance (U-Value): 0.29, overall.

5. Visible Light Transmittance (VLT): 0.51 percentoverall.

6. Solar Heat Gain Coefficient (SHGC): 0.23overall.

7. Coated Glass: Comply with requirements of ASTM C1376 for pyrolytic (hard-coat) or magnetic sputter vapor deposition (soft-coat) type coatings on flat glass; coated vision glass, Kind CV; coated overhead glass, Kind CO; or coated spandrel glass, Kind CS.

8. Spacer Color: Black.

9. Edge Seal:
a. Dual-Sealed System: Provide polyisobutylene sealant as primary seal applied between spacer and glass panes, and silicone, polysulfide, or polyurethane sealant as secondary seal applied around perimeter.

10. Color: Black.

11. Purge interpane space with dry air, hermetically sealed.

12. Basis of Design - Vitro Architectural Glass (formerly PPG Glass):
www.vitroglazings.com/#sle.

13. Outboard Lite: Annealed float glass, 1/4 inch thick, minimum. a. Low-E Coating: Vitro Architectural Glass (formerly PPG Glass) Solarban 90 on #2 surface.
b. Glass: Clear.

14. Inboard Lite: Heat-strengthened float glass, 1/4 inch thick. a. Coating: No coating on inboard lite.
b. Glass: Clear.

2.05 ACCESSORIES
A. Setting Blocks: Silicone, with 80 to 90 Shore A durometer hardness; ASTM C864 Option II.

Length of 0.1 inch for each square foot of glazing or minimum 4 inch by width of glazing rabbet space minus 1/16 inch by height to suit glazing method and pane weight and area.

B. Spacer Shims: Neoprene, 50 to 60 Shore A durometer hardness; ASTM C864 Option II.

Minimum 3 inch long by one half the height of the glazing stop by thickness to suit application, self adhesive on one face.

C. Glazing Tape, Back Bedding Mastic Type: Preformed, butyl-based, 100 percent solids compound with integral resilient spacer rod applicable to application indicated; 5 to 30 cured Shore A durometer hardness; coiled on release paper; black color.

D. Glazing Splines: Resilient silicone extruded shape to suit glazing channel retaining slot; ASTM C864 Option II; color black.

PART 3 EXECUTION

3.01 VERIFICATION OF CONDITIONS
A. Verify that openings for glazing are correctly sized and within tolerances, including those for size, squareness, and offsets at corners.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 08 8000
08 8000 Glazing
01-20-2026 Page 5 of 6
B. Verify that surfaces of glazing channels or recesses are clean, free of obstructions that may impede moisture movement, weeps are clear, and support framing is ready to receive glazing system.

3.02 PREPARATION
A. Clean contact surfaces with appropriate solvent and wipe dry within maximum of 24 hours before glazing. Remove coatings that are not tightly bonded to substrates.

B. Seal porous glazing channels or recesses with substrate compatible primer or sealer.

C. Prime surfaces scheduled to receive sealant where required for proper sealant adhesion.

3.03 INSTALLATION, GENERAL
A. Install glazing in compliance with written instructions of glass, gaskets, and other glazing material manufacturers, unless more stringent requirements are indicated, including those in glazing referenced standards.

B. Install glazing sealants in accordance with ASTM C1193, GANA (SM), and manufacturer's instructions.

C. Do not exceed edge pressures around perimeter of glass lites as stipulated by glass manufacturer.

D. Set glass lites in proper orientation so that coatings face exterior or interior as indicated.

E. Prevent glass from contact with any contaminating substances that may be the result of construction operations such as, and not limited to the following; weld splatter, fire-safing, plastering, mortar droppings, and paint.

3.04 INSTALLATION - DRY GLAZING METHOD (GASKET GLAZING) A. Application - Exterior and/or Interior Glazed: Set glazing infills from either the exterior or the interior of the building.

B. Place setting blocks at 1/4 points with edge block no more than 6 inch from corners.

C. Rest glazing on setting blocks and push against fixed stop with sufficient pressure on gasket to attain full contact.

D. Install removable stops without displacing glazing gasket; exert pressure for full continuous contact.

3.05 CLEANING
A. Remove excess glazing materials from finish surfaces immediately after application using solvents or cleaners recommended by manufacturers.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 08 8000
08 8000 Glazing
01-20-2026 Page 6 of 6
B. Remove nonpermanent labels immediately after glazing installation is complete.

C. Clean glass and adjacent surfaces after sealants are fully cured.

D. Clean glass on both exposed surfaces not more than 4 days prior to Date of Substantial Completion in accordance with glass manufacturer's written recommendations.

3.06 PROTECTION
A. After installation, mark pane with an 'X' by using removable plastic tape or paste; do not mark heat absorbing or reflective glass units.

B. Remove and replace glass that is damaged during construction period prior to Date of Substantial Completion.

END OF SECTION 08 8000
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 08 8300
08 8300 Mirrors
01-20-2026 Page 1 of 4
Section 08 8300
Mirrors
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Glass mirrors.

1. Annealed float glass.

1.02 RELATED REQUIREMENTS
A. Section 10 2800 - Toilet, Bath, and Laundry Accessories: Metal mirror frames.

1.03 REFERENCE STANDARDS
A. ASTM B221 - Standard Specification for Aluminum and Aluminum-Alloy Extruded Bars, Rods, Wire, Profiles, and Tubes; 2021.

B. ASTM B221M - Standard Specification for Aluminum and Aluminum-Alloy Extruded Bars, Rods, Wire, Profiles, and Tubes (Metric); 2021.

C. ASTM C1036 - Standard Specification for Flat Glass; 2025.

D. ASTM C1193 - Standard Guide for Use of Joint Sealants; 2025.

E. GANA (GM) - GANA Glazing Manual; 2022.

1.04 SUBMITTALS
A. See Section 01 3300 - Submittals, for submittal procedures.

B. Product Data on Mirror Types: Submit structural, physical and environmental characteristics, size limitations, special handling and installation requirements.

C. Warranty: Submit manufacturer warranty and ensure that forms have been completed in Owner's name and registered with manufacturer.

1.05 QUALITY ASSURANCE
A. Fabricate, store, transport, receive, install, and clean mirrors in accordance with manufacturer's recommendations.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 08 8300
08 8300 Mirrors
01-20-2026 Page 2 of 4

1.06 FIELD CONDITIONS
A. Maintain minimum ambient temperature before, during and 24 hours after installation of glazing compounds.

1.07 WARRANTY
A. See Section 01 7800 - Closeout Submittals, for additional warranty requirements.

B. Provide five year manufacturer warranty for reflective coating on mirrors and replacement of same.

PART 2 PRODUCTS

2.01 MANUFACTURERS
A. Mirrors:

1. Vitro Architectural Glass: www.vitroglazings.com

2. Binswanger Mirror/ACI Distribution: www.binswangerglass.com/#sle.

3. Lenoir Mirror Co: www.lenoirmirror.com/#sle.

4. Trulite Glass and Aluminum Solutions; _____: www.trulite.com/#sle.

5. Avalon Glass and Mirror; - avalonmirrorglass.com

2.02 MATERIALS
A. Mirror Design Criteria: Select materials and/or provide supports as required to limit mirror material deflection to 1/200, or to the flexure limit of glass, with full recovery of glazing materials, whichever is less.

B. Mirror Glass: Clear, annealed float glass; ASTM C1036, with copper and silver coatings, and protective overcoating.

1. Thickness: 3/16 inch. (6 mm)

2. Edges: Arrised.

3. Size: As indicated on drawings.

2.03 ACCESSORIES
A. Glazing Tape: Preformed butyl compound; 10 to 15 Shore A durometer hardness; on release paper.

B. Glazing Clips: Manufacturer's standard type.

C. Mirror Adhesive: Silicone pre-polymer based, chemically compatible with mirror coating and wall substrate.

D. J-Shape Frame: Aluminum extrusion, 5/16 inch by 7/16 inch by 1/4 inch deep.

1. Material: Comply with ASTM B221 (ASTM B221M), 6005-T6 alloy and temper.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 08 8300
08 8300 Mirrors
01-20-2026 Page 3 of 4

2. Finish: Anodized, clear.

PART 3 EXECUTION

3.01 EXAMINATION
A. Verify that surfaces of mirror frames or recesses are clean, free of obstructions, and ready for installation of mirrors.

3.02 PREPARATION
A. Clean contact surfaces with solvent and wipe dry.

B. Prepare installation in accordance with ASTM C1193 for solvent release sealants, and install sealant in accordance with manufacturer's instructions.

3.03 INSTALLATION
A. Install mirrors in accordance with manufacturer's recommendations.

B. Set mirrors plumb and level, and free of optical distortion.

C. Set mirrors with edge clearance free of surrounding construction including countertops or backsplashes.

D. Frameless Mirrors: Set mirrors in proper place with adhesive, applied in accordance with adhesive manufacturer's instructions.

3.04 CLEANING
A. Remove wet glazing materials from finish surfaces.

B. Remove labels after work is complete.

C. Clean mirrors and adjacent surfaces.

END OF SECTION 08 8300
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 08 8300
08 8300 Mirrors
01-20-2026 Page 4 of 4
This page intentionally left blank
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2116
09 2116 Gypsum Board Assemblies
01-20-2026 Page 1 of 8
Section 09 2116
Gypsum Board Assemblies
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Performance criteria for gypsum board assemblies.

B. Metal stud soffit framing.

C. Metal channel ceiling framing.

D. Acoustic insulation.

E. Cementitious backing board.

F. Gypsum wallboard.

G. Joint treatment and accessories.

H. Textured finish system.

1.02 RELATED REQUIREMENTS
A. Section 06 1000 - Rough Carpentry: Building framing and sheathing.

B. Section 07 2100 - Board and Batt Insulation: Acoustic insulation.

C. Section 07 2500 - Weather Barriers: Water-resistive barrier over sheathing.

D. Section 07 9200 - Joint Sealants: Sealing acoustical gaps in construction other than gypsum board or plaster work.

1.03 REFERENCE STANDARDS
A. AISI S240 - North American Standard for Cold-Formed Steel Structural Framing; 2015, with Errata (2020).

B. ANSI A108.11 - American National Standard Specifications for Interior Installation of Cementitious Backer Units; 2023.

C. ANSI A118.9 - American National Standard Specifications for Test Methods and Specifications for Cementitious Backer Units; 2023.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2116
09 2116 Gypsum Board Assemblies
01-20-2026 Page 2 of 8
D. ASTM A1003/A1003M - Standard Specification for Steel Sheet, Carbon, Metallic- and Nonmetallic-Coated for Cold-Formed Framing Members; 2015.

E. ASTM C1007 - Standard Specification for Installation of Load Bearing (Transverse and Axial) Steel Studs and Related Accessories; 2020 (Reapproved 2024).

F. ASTM C475/C475M - Standard Specification for Joint Compound and Joint Tape for Finishing Gypsum Board; 2017 (Reapproved 2022).

G. ASTM C754 - Standard Specification for Installation of Steel Framing Members to Receive Screw-Attached Gypsum Panel Products; 2020.

H. ASTM C840 - Standard Specification for Application and Finishing of Gypsum Board; 2025.

I. ASTM C954 - Standard Specification for Steel Drill Screws for the Application of Gypsum Panel Products or Metal Plaster Bases to Steel Studs from 0.033 in. (0.84 mm) to 0.112 in. (2.84 mm) in Thickness; 2022.

J. ASTM C1002 - Standard Specification for Steel Self-Piercing Tapping Screws for Application of Gypsum Panel Products or Metal Plaster Bases to Wood Studs or Steel Studs; 2022.

K. ASTM C1047 - Standard Specification for Accessories for Gypsum Wallboard and Gypsum Veneer Base; 2019.

L. ASTM C1177/C1177M - Standard Specification for Glass Mat Gypsum Substrate for Use as Sheathing; 2024.

M. ASTM C1178/C1178M - Standard Specification for Coated Glass Mat Water-Resistant Gypsum Backing Panel; 2024.

N. ASTM C1278/C1278M - Standard Specification for Fiber-Reinforced Gypsum Panel; 2024.

O. ASTM C1280 - Standard Specification for Application of Exterior Gypsum Panel Products for Use as Sheathing; 2025.

P. ASTM C1325 - Standard Specification for Fiber-Mat Reinforced Cementitious Backer Units; 2025.

Q. ASTM C1396/C1396M - Standard Specification for Gypsum Board; 2024.

R. ASTM C1658/C1658M - Standard Specification for Glass Mat Gypsum Panels; 2019 (Reapproved 2024).

S. ASTM D3273 - Standard Test Method for Resistance to Growth of Mold on the Surface of Interior Coatings in an Environmental Chamber; 2021.

T. ASTM E90 - Standard Test Method for Laboratory Measurement of Airborne Sound Transmission Loss of Building Partitions and Elements; 2023.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2116
09 2116 Gypsum Board Assemblies
01-20-2026 Page 3 of 8
U. ASTM E413 - Classification for Rating Sound Insulation; 2022.

V. ASTM G21 - Standard Practice for Determining Resistance of Synthetic Polymeric Materials to Fungi; 2015, with Editorial Revision (2021).

W. GA-216 - Application and Finishing of Gypsum Panel Products; 2024.

X. GA-600 - Fire Resistance and Sound Control Design Manual; 2024.

1.04 SUBMITTALS
A. See Section 01 3300 - Submittals for submittal procedures.

B. Product Data:

1.05 QUALITY ASSURANCE
A. Installer Qualifications: Company specializing in performing gypsum board installation and finishing, with minimum 3 years of experience.

PART 2 PRODUCTS

2.01 GYPSUM BOARD ASSEMBLIES
A. Provide completed assemblies complying with ASTM C840 and GA-216.

B. Interior Partitions, Indicated as Acoustic: Provide completed assemblies with the following characteristics:

1. Acoustic Attenuation: STC as indicated calculated in accordance with ASTM E413, based on tests conducted in accordance with ASTM E90.

C. Fire-Resistance-Rated Assemblies: Provide completed assemblies complying with applicable code.

1. Gypsum Association File Numbers: Comply with requirements of GA-600 for the particular assembly.

2.02 METAL FRAMING MATERIALS
A. Steel Sheet: ASTM A1003/A1003M, subject to the ductility limitations indicated in AISI S220 or equivalent.

B. Manufacturers - Metal Framing, Connectors, and Accessories:

1. ClarkDietrich; ____: www.clarkdietrich.com/#sle.

2. Substitutions: See Section 01 6000 - Product Requirements.

C. Nonstructural Framing System Components: AISI S220; galvanized sheet steel, of size and properties necessary to comply with ASTM C754 for the spacing indicated, with maximum deflection of wall framing of L/120 at 5 psf.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2116
09 2116 Gypsum Board Assemblies
01-20-2026 Page 4 of 8

1. Studs: C-shaped with knurled or embossed faces.

2. Runners: U shaped, sized to match studs.

3. Resilient Furring Channels: Single or double leg configuration; 1/2 inch channel depth. a. Products:
1) Same manufacturer as other framing materials.

2.03 BOARD MATERIALS
A. Manufacturers - Gypsum-Based Board:

1. CertainTeed Corporation; ____: www.certainteed.com/#sle.

2. Georgia-Pacific Gypsum; ____: www.gpgypsum.com/#sle.

3. Gold Bond Building Products, LLC provided by National Gypsum Company; ____:
www.goldbondbuilding.com/#sle.

4. USG Corporation; ____: www.usg.com/#sle.

B. Gypsum Wallboard: Paper-faced gypsum panels as defined in ASTM C1396/C1396M; sizes to minimize joints in place; ends square cut.

1. Application: Use for vertical surfaces and ceilings, unless otherwise indicated.

2. Glass mat faced gypsum panels, as defined in ASTM C1658/C1658M, suitable for paint finish, of the same core type and thickness may be substituted for paper-faced board.

3. Unfaced fiber-reinforced gypsum panels as defined in ASTM C1278/C1278M, suitable for paint finish, of the same core type and thickness may be substituted for paper-faced board.

4. At Assemblies Indicated with Fire-Resistance Rating: Use type required by indicated tested assembly; if no tested assembly is indicated, use Type X board, UL or WH listed.

5. Thickness:
a. Vertical Surfaces: 5/8 inch.
b. Ceilings: 1/2 inch.
c. Multi-Layer Assemblies: Thicknesses as indicated on drawings.

6. Paper-Faced Products:
a. USG Corporation; Sheetrock Brand EcoSmart Panels Firecode X 5/8 in. (15.9 mm):
www.usg.com/#sle.
b. Substitutions: See Section 01 6000 - Product Requirements.

7. Mold-Resistant, Paper-Faced Products:
a. USG Corporation; Sheetrock Brand EcoSmart Panels Mold Tough Firecode X 5/8 in. (15.9 mm): www.usg.com/#sle.
b. Substitutions: See Section 01 6000 - Product Requirements.

C. Backing Board For Wet Areas: One of the following products:

1. Application: Surfaces behind tile in wet areas, including manufactured housing, tub and shower surrounds, and shower ceilings.

2. ANSI Cement-Based Board: Non-gypsum-based; aggregated Portland cement panels with glass fiber mesh embedded in front and back surfaces complying with ANSI A118.9 or ASTM C1325.

3. Glass Mat Faced Board: Coated glass mat water-resistant gypsum backing panel as defined in ASTM C1178/C1178M.
a. Regular Type: Thickness 1/2 inch.
b. Fire-Resistance-Rated Type: Type X core, thickness 5/8 inch.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2116
09 2116 Gypsum Board Assemblies
01-20-2026 Page 5 of 8
D. Backing Board For Non-Wet Areas: Water-resistant gypsum backing board as defined in ASTM C1396/C1396M; sizes to minimum joints in place; ends square cut.

1. Application: Vertical surfaces behind thinset tile, except in wet areas.

2. Mold Resistance: Score of 10, when tested in accordance with ASTM D3273.

3. At Assemblies Indicated with Fire-Resistance Rating: Use type required by indicated tested assembly; if no tested assembly is indicated, use Type X board, UL or WH listed.

4. Type: Regular and Type X, in locations indicated.

5. Type X Thickness: 5/8 inch.

6. Regular Board Thickness: 1/2 inch.

7. Edges: Tapered.

E. Acoustical Sound Dampening Wall and Ceiling Board: Two layers of heavy paper-faced, highdensity gypsum board separated by a viscoelastic polymer layer and capable of achieving STC rating of 50 or more in typical stud wall assemblies as calculated in accordance with ASTM E413 and when tested in accordance with ASTM E90.

1. Thickness: 5/8 inch.

2. Long Edges: Tapered.

3. Mold Resistance: Score of 10, when tested in accordance with ASTM D3273.

2.04 GYPSUM BOARD ACCESSORIES
A. Acoustic Sealant: Acrylic emulsion latex or water-based elastomeric sealant; do not use solvent-based non-curing butyl sealant.

1. Products:
a. Franklin International, Inc; Titebond Acoustical Smoke & Sound Sealant:
www.titebond.com/#sle.
b. Substitutions: See Section 01 6000 - Product Requirements.

B. Water-Resistive Barrier: See Section 07 2500.

C. Finishing Accessories: ASTM C1047, extruded aluminum alloy (6063 T5) or galvanized steel sheet ASTM A924/A924M G90, unless noted otherwise.

1. Types: As detailed or required for finished appearance.

D. Beads, Joint Accessories, and Other Trim: ASTM C1047, rigid plastic, unless noted otherwise.

1. Corner Beads: 3/8" Bullnose profile, for 90 degree outside corners. Provide Square Corner Profile at base of corner for Rubber Base installation. a. Products:
1) Trim-Tex, Inc; _____: www.trim-tex.com/#sle.
2) Substitutions: See Section 01 6000 - Product Requirements.

E. Joint Materials: ASTM C475/C475M and as recommended by gypsum board manufacturer for project conditions.

1. Fiberglass Tape: 2 inch wide, coated glass fiber tape for joints and corners, except as otherwise indicated.

2. Joint Compound: Setting type, field-mixed.

F. Finishing Compound: Surface coat and primer, takes the place of skim coating.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2116
09 2116 Gypsum Board Assemblies
01-20-2026 Page 6 of 8
G. Screws for Fastening of Gypsum Panel Products to Cold-Formed Steel Studs Less than 0.033 inches in Thickness and Wood Members: ASTM C1002; self-piercing tapping screws, corrosion-resistant.

H. Screws for Fastening of Gypsum Panel Products to Steel Members from 0.033 to 0.112 inch in Thickness: ASTM C954; steel drill screws, corrosion-resistant.

PART 3 EXECUTION

3.01 EXAMINATION
A. Verify that project conditions are appropriate for work of this section to commence.

3.02 FRAMING INSTALLATION
A. Metal Framing: Install in accordance with ASTM C1007AISI S220 and manufacturer's instructions.

B. Suspended Ceilings and Soffits: Space framing and furring members at 16 inches on center.

1. Level ceiling system to a tolerance of 1/1200.

C. Resilient Sound Isolation Clips: Install resilient sound isolation clips, and where applicable, associated furring sections and channels, in accordance with clip manufacturer's written instructions.

3.03 ACOUSTIC ACCESSORIES INSTALLATION
A. Acoustic Insulation: Place tightly within spaces, around cut openings, behind and around electrical and mechanical items within partitions, and tight to items passing through partitions.

B. Acoustic Sealant: Install in accordance with manufacturer's instructions.

1. Place one bead continuously on substrate before installation of perimeter framing members.

2. Place continuous bead at perimeter of each layer of gypsum board.

3. Seal around all penetrations by conduit, pipe, ducts, and rough-in boxes, except where firestopping is provided.

3.04 BOARD INSTALLATION
A. Comply with ASTM C840, GA-216, and manufacturer's instructions. Install to minimize butt end joints, especially in highly visible locations.

B. Fire-Resistance-Rated Construction: Install gypsum board in strict compliance with requirements of assembly listing.

C. Sound Rated Construction: Install gypsum board in compliance with manufacturers assembly listing for the specified STC rating.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2116
09 2116 Gypsum Board Assemblies
01-20-2026 Page 7 of 8
D. Cementitious Backing Board: Install over steel framing members and plywood substrate where indicated, in accordance with ANSI A108.11 and manufacturer's instructions.

3.05 INSTALLATION OF TRIM AND ACCESSORIES
A. Corner Beads: Install at external corners, using longest practical lengths.

B. Edge Trim: Install at locations where gypsum board abuts dissimilar materials.

3.06 JOINT TREATMENT
A. Finish gypsum board in accordance with levels defined in ASTM C840, as follows:

1. Level 3: Walls to receive textured wall finish.

2. Level 2: In utility areas, behind cabinetry, and on backing board to receive tile finish.

3. Level 1: Fire-resistance-rated wall areas above finished ceilings, whether or not accessible in the completed construction.

B. Tape, fill, and sand exposed joints, edges, and corners to produce smooth surface ready to receive finishes.

1. Feather coats of joint compound so that camber is maximum 1/32 inch.

3.07 TEXTURE FINISH
A. Apply finish texture coating by means of spraying apparatus in accordance with manufacturer's instructions and to match approved sample.

B. Texture Required: Orange Peel.

END OF SECTION 09 2116
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2116
09 2116 Gypsum Board Assemblies
01-20-2026 Page 8 of 8
This page intentionally left blank
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2236
09 2236 Lath
01-20-2026 Page 1 of 4
Section 09 2236
Lath
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Metal lath for cement plaster.

B. Expansion and control joints
C. Screeds

1.02 RELATED REQUIREMENTS
A. Section 07 2500 - Weather Barriers: Water-resistive barrier under exterior plaster and stucco.

B. Section 09 2300 - Gypsum Plastering.

1.03 REFERENCE STANDARDS
A. ASTM A924/A924M - Standard Specification for General Requirements for Steel Sheet, Metallic-Coated by the Hot-Dip Process; 2022a.

B. ASTM C841 - Standard Specification for Installation of Interior Lathing and Furring; 2023.

C. ASTM C847 - Standard Specification for Metal Lath; 2018 (Reapproved 2024).

D. ASTM C954 - Standard Specification for Steel Drill Screws for the Application of Gypsum Panel Products or Metal Plaster Bases to Steel Studs from 0.033 in. (0.84 mm) to 0.112 in. (2.84 mm) in Thickness; 2022.

E. ASTM C1002 - Standard Specification for Steel Self-Piercing Tapping Screws for Application of Gypsum Panel Products or Metal Plaster Bases to Wood Studs or Steel Studs; 2022.

F. ASTM C1063 - Standard Specification for Installation of Lathing and Furring to Receive Interior and Exterior Portland Cement-Based Plaster; 2025a.

1.04 SUBMITTALS
A. See Section 01 3300 - Administrative Requirements, for submittal procedures.

B. Product Data: Provide data on furring and lathing components, structural characteristics, material limitations, and finish.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2236
09 2236 Lath
01-20-2026 Page 2 of 4
PART 2 PRODUCTS

2.01 MANUFACTURERS
A. Metal Lath and Accessories:

1. Alabama Metal Industries Corporation; Self-Furred Diamond Mesh Lath: www.amicolath.com/#sle.

2. Structa Wire, a ClarkDietrich Company; Structa Mega Lath: www.structawire.com/#sle.

3. Substitutions: See Section 01 6000 - Product Requirements.

2.02 LATH
A. Diamond Mesh Metal Lath: ASTM C847, galvanized; self-furring.

1. Weight: To suit application and as specified in ASTM C841 or ASTM C1063 for framing spacing.

2. Backed with treated paper.

B. Finishing Accessories: ASTM C841 or ASTM C1063; extruded aluminum alloy (6063 T5), galvanized steel sheet ASTM A924/A924M G90, or galvanized steel wire, unless noted otherwise.

1. Types: As detailed or required for finished appearance.

C. Beads, Screeds, Joint Accessories, and Other Trim: Depth governed by plaster thickness, and maximum possible lengths.

1. Material: Formed galvanized sheet steel, expanded metal flanges.

2. Casing Beads with Weep Holes: Square edges.

3. Base Screeds:
a. Products:

4. Control Joints: Accordion profile with factory-installed protective tape, 2 inch flanges.

5. Continuous Soffit Vent: As detailed, Vinyl

2.03 ACCESS PANELS
PART 3 EXECUTION

3.01 EXAMINATION
A. Verify existing conditions before starting work.

B. Verify that substrates are ready to receive work and conditions are suitable for application.

C. For exterior plaster and stucco on stud walls, verify that water-resistive barrier has been installed over sheathing substrate completely and correctly; see Section 07 2500.

D. Do not begin until unacceptable conditions have been corrected.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2236
09 2236 Lath
01-20-2026 Page 3 of 4
E. If substrate preparation is the responsibility of another installer, notify Architect of unsatisfactory preparation before proceeding.

3.02 INSTALLATION - GENERAL
A. Install lathing and furring for exterior and interior cement plaster in accordance with ASTM C1063 and manufacturer's evaluation report for alternative installation requirements.

3.03 CONTROL AND EXPANSION JOINT INSTALLATION
A. Locate joints as indicated on drawings and comply with ASTM C1063.

1. Area of plaster panel not to exceed 144 sq ft for vertical surfaces.

2. Area of plaster panel not to exceed 100 sq ft for horizontal, curved or angled surfaces.

3. Spacing between control joints not to exceed 18 ft in each direction.

4. Area bounded by control joints not to exceed a length-to-width ratio of 2-1/2 to 1.

3.04 LATH INSTALLATION
A. Continuously reinforce internal angles with corner mesh, except where the metal lath returns 3 inches from corner to form the angle reinforcement; fasten at perimeter edges only.

B. Place corner bead at external wall corners; fasten at outer edges of lath only.

C. Place base screeds at termination of plaster areas; secure rigidly in place.

D. Place lath vertically above each top corner and each side of door frames to 6 inches above ceiling line.

E. Place casing beads at terminations of plaster finish. Butt and align ends. Secure rigidly in place.

F. Place additional strip mesh diagonally at corners of lathed openings. Secure rigidly in place.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2236
09 2236 Lath
01-20-2026 Page 4 of 4
This page intentionally left blank
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2243
09 2243 Coated Architectural Foam Shapes
01-20-2026 Page 1 of 4
Section 09 2243
Coated Architectural Foam Shapes
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Coated architectural foam shapes used with a cement plaster finish system.

1.02 RELATED REQUIREMENTS
A. Section 09 2236 - Lath
B. Section 09 2400 - Cement Plastering

1.03 REFERENCE STANDARDS
A. ASTM C578 - Standard Specification for Rigid, Cellular Polystyrene Thermal Insulation; 2023.

B. ASTM E2098 - Standard Test Method for Determining Tensile Breaking Strength of Glass Fiber Reinforcing Mesh for Use in Class PB Exterior Insulation and Finish Systems (EIFS), after Exposure to a Sodium Hydroxide Solution; 2018.

C. ASTM E2134 - Standard Test Method for Evaluating the Tensile-Adhesion Performance of an Exterior Insulation and Finish System (EIFS); 2018.

D. ASTM E84 - Standard Test Method for Surface Burning Characteristics of Building Materials; 2024.

1.04 ADMINISTRATIVE REQUIREMENTS
A. Preinstallation Meeting: Conduct a preinstallation meeting one week prior to the start of the work of the exterior finish system including lath; require attendance by all affected installers.

1.05 SUBMITTALS
A. See Section 01 3300 - Submittals, for submittal procedures.

B. Shop Drawings: Provide shop drawing for each profile used clearing showing dimensions and coating thicknesses.

C. Samples: Submit one sample of each profile for review.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2243
09 2243 Coated Architectural Foam Shapes
01-20-2026 Page 2 of 4

1.06 QUALITY ASSURANCE
A. Manufacturer Qualifications: Company specializing in manufacturing products specified in this section, with at least three years of documented experience.

B. All architectural foam shapes shall be provided by a single manufacturer.

C. Installer Qualifications: Company specializing in performing work of the type specified and with at least three years of documented experience.

1.07 MOCK-UP
A. Provide mock-up showing representative example of each profile in place.

B. Locate where directed.

C. Mock-up may remain as part of the Work.

1.08 DELIVERY, STORAGE, AND HANDLING
A. Coated architectural foam shapes shall be stored in a location protected from direct sunlight, weather, and damage.

1.09 FIELD CONDITIONS
A. Ambient Conditions: Do not install coated architectural foam shapes when the ambient air temperature is below or is expected to drop below 40 F (4C) for 24 hours after installation.

1.10 WARRANTY
A. See Section 01 7800 - Closeout Submittals, for additional warranty requirements.

B. Correct defective Work within a one year period after Date of Substantial Completion.

C. Provide one year manufacturer warranty for coated architectural foam shapes.

PART 2 PRODUCTS

2.01 MANUFACTURERS
A. Foam Concepts, Inc; www.foamconcepts.net/
B. Stucco Supply and Drywall: www.stuccosupplyco.com
C. ACH Foam Technologies: www.achfoam.com
D. FoamCo: www.foamcousa.com
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2243
09 2243 Coated Architectural Foam Shapes
01-20-2026 Page 3 of 4

2.02 MATERIALS
A. Shapes: As shown on the contract drawings and as selected by the architect including but not limited to: special shapes, corbels, sills, and mouldings.

B. Coated Expanded Polystyrene (EPS) Shapes

1. Fire-rated, rigid expanded polystyrene (EPS) foam, conforming to physical properties of ASTM C578 . Type I , 1.00 lb/cu.ft (17.0 kg/m 3) density.

2. 3. Shall be coated with polymer-modified cementitious, acrylic based primer.

4. Surface Burning Characteristics: Flame spread index of 25 or less, smoke developed index of 450 or less, when tested in accordance with ASTM E84.

C. Reinforcing Mesh

1. Treated open weave glass fiber mesh weighing a minimum of 95g/sq m (2.8oz/sq yd) and complying with ASTM E2098 for alkali resistance.
a. Alkali resistant is defined as 120 pli (21 dN/cm) retained tensile strength per ASTM E2098 after 28 days soaked in 5% sodium hydroxide solution.

2.03 ACCESSORIES
A. Mortar adhesive: Acrylic modified cementitious compatible with the other components of the wall finish system.

1. Tensile bond: Per ASTM E2134
PART 3 EXECUTION

3.01 EXAMINATION
A. Verify the substrate is ready to receive the architectural foam shape.

B. The surface of the substrate shall be level, plane and true, being 1/8 (3mm) within 4ft (1.2m).

C. Report unsatisfactory substrate conditions to General Contractor for correction by substrate installer before application of products.

3.02 PREPARATION
A. Verify both the wall surface and ambient temperature shall be a minimum of 40F (4C) or higher.

3.03 INSTALLATION
A. Apply architectural foam shapes in accordance with adhesive manufacturer's instructions.

B. Apply fiberglass mesh tape at all joints and finish to match surrounding foam shapes.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2243
09 2243 Coated Architectural Foam Shapes
01-20-2026 Page 4 of 4

3.04 TOLERANCES
A. Maximum Variation From level: 1/4 inch in 10 feet.

B. Maximum Offset From True Alignment: 1/8 inch between adjoining pieces.

END OF SECTION 09 2243
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2400
09 2400 Cement Plastering
01-20-2026 Page 1 of 4
Section 09 2400
Cement Plastering
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Cement plastering.

1.02 RELATED REQUIREMENTS
A. Section 06 1000 - Rough Carpentry: Wood stud framing for plaster.

B. Section 09 2236 - Lath: Lath, furring, beads, screeds, and joint accessories for plaster base.

1.03 REFERENCE STANDARDS
A. ASTM C926 - Standard Specification for Application of Portland Cement-Based Plaster; 2024.

1.04 SUBMITTALS
A. See Section 01 3300 - Submittals for submittals procedures.

B. Product Data: Provide data on plaster materials and trim accessories.

C. Samples:

1. Submit two samples, 24 by 24 inch in size illustrating finish color and texture.

2. Submit two samples of each type trim accessory.

1.05 MOCK-UPS
A. Construct mock-up of exterior wall, 10 feet long by 10 feet wide, illustrating surface finish.

1. Locate where directed.

2. Mock-up may remain as part of this work.

1.06 FIELD CONDITIONS
A. Exterior Plaster Work: Do not apply plaster when substrate or ambient air temperature is 40 degrees F or lower, or when temperature is expected to drop below 40 degrees F within 48 hours of application.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2400
09 2400 Cement Plastering
01-20-2026 Page 2 of 4
PART 2 PRODUCTS

2.01 CEMENT PLASTER APPLICATIONS
A. Lath Plaster Base: Metal lath.

1. Plaster Type: Factory prepared plaster mix.

2. Number of Coats: Three.

3. First Coat: Apply to a nominal thickness of 3/8 inch.

4. Second Coat: Apply to a nominal thickness of 3/8 inch.

5. Leveling Coat: Apply to a nominal thickness of 1/32 to 1/16 inch.

6. Finish Coat: Apply to a nominal thickness of 1/8 inch.

7. Finish: Acrylic.

2.02 FACTORY PREPARED CEMENT PLASTER
A. Exterior Portland cement plaster system made of scratch and brown base coat, leveling coat with reinforcing mesh, and acrylic finish coat; install in accordance with ASTM C926.

1. Manufacturer - Basis of Design:
a. LaHabra; Perma-Finish: www.lahabrastucco.com/#sle.

2. Manufacturers:
a. Master Builders Solutions: www.master-builders-solutions.com/en-us/#sle. b. Parex USA, Inc: www.parexusa.com/#sle.
c. Sto Corp: www.stocorp.com/#sle.

B. Premixed Base Coats: Mixture of cement, aggregate, fibers, and proprietary admixtures for scratch and brown coats; install in accordance with ASTM C926.

C. Premixed Leveling Coat: Acrylic polymer-based blend approved for use with plaster manufacturer's base coat and finish materials.

D. Primer: Acrylic, as recommended by coating manufacturer and compatible with plaster base coat.

E. Premixed Finish Coating: Integrally colored, acrylic coating.

1. Color: As selected by Architect from manufacturer's standard colors.

2.03 ACCESSORIES
A. Lath: See Section 09 2236.

PART 3 EXECUTION

3.01 EXAMINATION
A. Verify existing conditions are acceptable prior to starting this work.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2400
09 2400 Cement Plastering
01-20-2026 Page 3 of 4
B. Verify lath is flat, secured to substrate, and joint and surface perimeter accessories are properly in place.

3.02 PREPARATION

3.03 MIXING
A. Mix only as much plaster as can be used prior to initial set.

B. Mix materials dry, to uniform color and consistency, before adding water.

C. Protect mixtures from frost or freezing temperatures, contamination, and excessive evaporation.

3.04 APPLICATION
A. Apply plaster in accordance with manufacturer's written instructions and comply with ASTM C926.

B. Base Coats:

1. Apply base coat(s) to fully embed lath and to specified thickness.

2. Follow guidelines in ASTM C926 and manufacturer's written installation instructions for moist curing base coats and application of subsequent coats.

C. Leveling Coat:

1. Apply leveling coat to specified thickness.

D. Finish Coats:

1. Cement Plaster:
a. Apply with sufficient material and pressure to ensure complete coverage of base to specified thickness.
b. Apply desired surface texture while mix is still workable.

2. Primer and Acrylic Coatings:
a. Remove surface contaminants such as dust and dirt without damaging substrate. b. Apply primer in accordance with manufacturer's instructions. c. Apply finish coating in number of coats and to thickness recommended by manufacturer.

3.05 TOLERANCES
A. Maximum Variation from True Flatness: 1/4 inch in 10 feet.

3.06 REPAIR
A. Patching: Remove loose, damaged or defective plaster and replace with plaster of same composition; finish to match surrounding area.

END OF SECTION 09 2400
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 2400
09 2400 Cement Plastering
01-20-2026 Page 4 of 4
This page intentionally left blank
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 3000
09 3000 Tiling
01-20-2026 Page 1 of 5
Section 09 3000
Tiling
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Tile for exterior wall and base application.

B. Ceramic accessories.

C. Ceramic trim.

D. Non-ceramic trim.

1.02 RELATED REQUIREMENTS
A. Section 07 9200 - Joint Sealants: Sealing joints between tile work and adjacent construction and fixtures.

B. Section 09 2400 - Cement Plastering: Lath and Portland cement scratch coat where required by TCNA (HB) or TCNA (HB-GP) method specified.

C. Section 07 1300 - Sheet Waterproofing.

1.03 REFERENCE STANDARDS
A. ANSI A108/A118/A136.1 - Specifications for the Installation of Ceramic Tile; 2020.

1. ANSI A118.4 - American National Standard Specifications for Modified Dry-Set Cement Mortar; 2023.

2. ANSI A118.6 - American National Standard Specifications for Standard Cement Grouts for Tile Installation; 2019.

B. ASTM C847 - Standard Specification for Metal Lath; 2018 (Reapproved 2024).

C. TCNA (HB) - Handbook for Ceramic, Glass, and Stone Tile Installation; 2025.

D. TCNA (HB-GP) - Handbook for Gauged Porcelain Tiles and Gauged Porcelain Tile Panels/Slabs Installation; 2023.

1.04 SUBMITTALS
A. See Section 01 3300 - Submittals for submittal procedures.

B. Product Data: Provide manufacturers' data sheets on tile, mortar, grout, and accessories. Include instructions for using grouts and adhesives.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 3000
09 3000 Tiling
01-20-2026 Page 2 of 5
C. Shop Drawings: Indicate tile layout, patterns, color arrangement, perimeter conditions, junctions with dissimilar materials, control and expansion joints, thresholds, ceramic accessories, and setting details.

D. Samples:

1. Submit to the Architect two (2) samples of all selected colors of tile and all available colors of grout.

2. Submit to the Architect two (2) 18"x 18' sample boards indicating all specified patterns, colors and trims of tile and grout.

E. Installer's qualification statement.

1. Submit documentation of National Tile Contractors Association (NTCA) or Tile Contractors' Association of America (TCAA) accreditation; www.tile-assn.com/#sle F. Maintenance Data: Include recommended cleaning methods, cleaning materials, and stain removal methods.

1.05 QUALITY ASSURANCE
A. Manufacturer Qualifications: Company specializing in manufacturing the types of products specified in this section, with minimum five years of documented experience.

1.06 MOCK-UPS
A. See Section 01 4000 - Quality Requirements for additional requirements.

B. Construct tile mock-up where indicated by Architect, incorporating all components specified for the location.

1. Mock-up may not remain as part of work.

1.07 DELIVERY, STORAGE, AND HANDLING
A. See Section 01 7419 - Construction Waste Management and Disposal for packaging waste requirements.

B. Protect adhesives from freezing or overheating in accordance with manufacturer's instructions.

1.08 FIELD CONDITIONS
A. Do not install solvent-based products in an unventilated environment.

B. Maintain ambient and substrate temperature above 50 degrees F and below 100 degrees F during installation and curing of setting materials.

1.09 EXTRA MATERIALS
A. Provide 3 sq. ft of each size, color, and surface finish of tile specified.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 3000
09 3000 Tiling
01-20-2026 Page 3 of 5
PART 2 PRODUCTS

2.01 TILE
A. Manufacturers: All products by the same manufacturer.

1. Tierra Y Fuego; pattern / color selection as indicated on drawings (Basis of Design).

2. Or pre-approved prior to bid equal.

3. Substitutions: See Section 01 6000 - Product Requirements.

2.02 TRIM AND ACCESSORIES
A. Ceramic Accessories: Glazed finish, same color and finish as adjacent field tile; same manufacturer as tile.

B. Ceramic Trim: Matching bullnose, double bullnose, cove base, and cove ceramic shapes in sizes coordinated with field tile.

1. Manufacturers: Same as for tile.

2.03 SETTING MATERIALS
A. Manufacturers:

1. Custom Building Products: www.custombuildingproducts.com.

2. LATICRETE International, Inc: www.laticrete.com/sle.

3. Merkrete, by Parex USA, Inc: www.merkrete.com/sle.

4. Substitutions: See Section 01 6000 - Product Requirements.

2.04 ADHESIVE MATERIALS
A. Manufacturers:

1. Bonsal American, Inc: www.sakrete.com

2. Bostik Inc: www.bostik-us.com.

3. Mapei Corporation: www.mapei.com.

B. Organic Adhesive: ANSI A136.1, thinset bond type.

2.05 MORTAR MATERIALS
A. Manufacturers:

1. Bostik Inc: www.bostik-us.com.

2. Custom Building Products: www.custombuildingproducts.com.

B. Mortar Bond Coat Materials:

1. Latex-Portland Cement type: ANSI A118.4.

2.06 GROUTS
A. Manufacturers:

1. Bostik Inc; H148 - Sand Beige: www.bostik-us.com.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 3000
09 3000 Tiling
01-20-2026 Page 4 of 5

2.07 ACCESSORY MATERIALS
A. Reinforcing Mesh: 2 x 2 inch size weave of 16/16 wire size; welded fabric, galvanized.

B. Backer Board at Walls and Wainscots: Cementious backer board type complying with ANSI A108/A118/A136.1; 1/2 inch thick; 2 inch wide coated glass fiber tape for joints and corners.

C. Backer Board at Showers: Thermal plastic faced extruded polystyrene foam backer board type complying with ANSI A118.10; 1/2 inch thick; 2 inch wide coated glass fiber tape for joints and corners.

D. Backer Board: Coated glass mat type complying with ASTM C1178/C1178M; inorganic fiberglass mat on both surfaces and integral acrylic coating vapor retarder.

E. Mesh Tape: 2 inch wide self-adhesive fiberglass mesh tape.

PART 3 EXECUTION

3.01 EXAMINATION
A. Verify wall surfaces are smooth and flat within tolerances specified for that type of work, are dust-free, and are ready to receive tile.

3.02 PREPARATION
A. Vacuum clean surfaces and damp clean.

B. Seal substrate surface cracks with filler.

C. Install thermal plastic faced extruded polystyrene foam backer tapered floor board in accordance with ANSI A108/A118/A136.1 and board manufacturer's instructions. Tape joints and corners, cover with skim coat of setting material to a feather edge.

D. Install thermal plastic faced extruded polystyrene foam backer board in accordance with ANSI A108 and board manufacturer's instructions. Tape joints and corners, cover with skim coat of dry-set mortar to a feather edge.

E. Prepare substrate surfaces for adhesive installation in accordance with adhesive manufacturer's instructions.

3.03 INSTALLATION - GENERAL
A. Cut and fit tile to penetrations through tile, leaving sealant joint space. Form corners and bases neatly. Align floor joints.

B. Place tile joints uniform in width, subject to variance in tolerance allowed in tile size. Make grout joints without voids, cracks, excess mortar or excess grout, or too little grout.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 3000
09 3000 Tiling
01-20-2026 Page 5 of 5
C. Form internal angles square and external angles bullnosed.

D. Install ceramic accessories rigidly in prepared openings.

E. Install non-ceramic trim in accordance with manufacturer's instructions.

F. Sound tile after setting. Replace hollow sounding units.

G. Keep control and expansion joints free of mortar, grout, and adhesive.

H. Prior to grouting, allow installation to completely cure; minimum of 48 hours.

I. Grout tile joints unless otherwise indicated on drawings. Use standard grout unless otherwise indicated on drawings.

J. At changes in plane and tile-to-tile control joints, use tile sealant instead of grout, with either bond breaker tape or backer rod as appropriate to prevent three-sided bonding.

3.04 INSTALLATION - WALL TILE
A. Over coated glass mat water-resistant gypsum backer board on studs, install in accordance with TCNA (HB) Method W245.

3.05 CLEANING
A. Clean tile and grout surfaces.

3.06 PROTECTION
A. Do not permit traffic over finished floor surface for 4 days after installation.

3.07 SCHEDULES
A. --------------------------------------------------------------------------------------------------- B. <<<<&#8203Consider alternatives to including schedules. See master note.

C. --------------------------------------------------------------------------------------------------- D. Refer to Plans - Interior Finish Schedule

END OF SECTION
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 6500
09 6500 Resilient Flooring
01-20-2026 Page 1 of 6
Section 09 6500
Resilient Flooring
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Resilient sheet flooring.

B. Resilient tile flooring.

C. Resilient base.

D. Installation accessories.

1.02 RELATED REQUIREMENTS
A. Section 01 6116 - Volatile Organic Compound (VOC) Content Restrictions.

B. Section 03 3000 - Cast-in-Place Concrete: Restrictions on curing compounds for concrete slabs and floors to receive adhesive-applied resilient flooring.

C. Section 09 0561 - Common Work Results for Flooring Preparation: Concrete slab moisture and alkalinity testing and remediation procedures.

1.03 REFERENCE STANDARDS
A. ASTM F150 - Standard Test Method for Electrical Resistance of Conductive and Static Dissipative Resilient Flooring; 2006 (Reapproved 2018).

B. ASTM F1303 - Standard Specification for Sheet Vinyl Floor Covering with Backing; 2004 (Reapproved 2021).

C. ASTM F1700 - Standard Specification for Solid Vinyl Floor in Modular Format such as Tile(s) or Plank(s); 2025.

D. ASTM F1861 - Standard Specification for Resilient Wall Base; 2021 (Reapproved 2025).

1.04 SUBMITTALS
A. See Section 01 3300 - Submittals for submittal procedures.

B. Product Data: Provide data on specified products, describing physical and performance characteristics; including sizes, patterns and colors available; and installation instructions.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 6500
09 6500 Resilient Flooring
01-20-2026 Page 2 of 6
C. Selection Samples: Submit manufacturer's complete set of color samples for Architect's initial selection.

D. Verification Samples: Submit two samples, 4 by 4 inch in size illustrating color and pattern for each resilient flooring product specified.

1.05 DELIVERY, STORAGE, AND HANDLING
A. Store all materials off of the floor in an acclimatized, weather-tight space.

B. Maintain temperature in storage area between 55 degrees F and 90 degrees F.

C. Protect roll materials from damage by storing on end.

1.06 FIELD CONDITIONS
A. Store materials for not less than 48 hours prior to installation in area of installation at a temperature of 70 degrees F to achieve temperature stability. Thereafter, maintain conditions above 55 degrees F.

PART 2 PRODUCTS

2.01 SHEET FLOORING
A. Vinyl Sheet Flooring: Color and pattern throughout wear layer thickness, with backing.

1. Manufacturers:
a. Mannington Commercial; Terrene: www.manningtoncommercial.com#sle. b. Substitutions: See Section 01 6000 - Product Requirements.

2. Minimum Requirements: Comply with ASTM F1303, Type II, Grade 1 with Class A fibrous backing.

3. Wear Layer Thickness: 0.055 inch minimum.

4. Total Thickness: 0.080 inch minimum.

5. Integral coved base with cap strip.

6. Cove Base: 6" Up Wall

7. Color: To be selected by Architect from manufacturer's standard range.

2.02 TILE FLOORING
A. Vinyl Tile - ____: Printed film type, with transparent or translucent wear layer; acoustic interlayer or backing.

1. Manufacturers:
a. Mannington Commercial; _______: www.manningtoncommercial.com#sle.

2. Minimum Requirements: Comply with ASTM F1700, Class III.

3. VOC Content Limits: As specified in Section 01 6116.

4. Wear Layer Thickness: 0.020 inch.

5. Total Thickness: 0.20 inch.

6. Wear Layer Thickness: 12 MIL (All Residential Units) and 20 MIL (All Office Areas) Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 6500
09 6500 Resilient Flooring
01-20-2026 Page 3 of 6

7. Color: As indicated.

8. Underlayment: 1/4" MIN Smooth Underlayment for use over wood substrates

9. Green Label Plus Certified

2.03 RESILIENT BASE
A. Resilient Base - Type Typical: ASTM F1861, Type TS rubber, vulcanized thermoset; style as scheduled.

1. Manufacturers:
a. VPI Flooring; VIP Base: http://www.vpicorp.com.
b. Substitutions: See Section 01 6000 - Product Requirements.

2. Height: 4 inches.

3. Length: Roll. Use Full Rolls for runes over 4' long

4. Color: To be selected by Architect from manufacturer's standard range.

5. Accessories: Premolded external corners.

2.04 ACCESSORIES
A. Primers, Adhesives, and Seam Sealer: Waterproof; types recommended by flooring manufacturer.

1. VOC Content Limits: As specified in Section 01 6116.

2. Provide Mannington V-81 Adhesive at Resilient Sheet Flooring

3. Provide Mannington M-Guard V-88 Adhesive at Resilient Tile Flooring

4. Use Mannington Commercial Weld Rods or MCS-42 Chemical Seam Sealer with VST-96 Applicator Kit
B. Moldings, Transition and Edge Strips: Same material as flooring.

C. Filler for Coved Base: Plastic.

PART 3 EXECUTION

3.01 EXAMINATION
A. Verify that surfaces are flat to tolerances acceptable to flooring manufacturer, free of cracks that might telegraph through flooring, clean, dry, and free of curing compounds, surface hardeners, and other chemicals that might interfere with bonding of flooring to substrate.

B. Concrete Subfloor Surfaces: Verify that substrates are ready for resilient flooring installation by testing for moisture and alkalinity (pH).

1. Obtain instructions if test results are not within limits recommended by resilient flooring manufacturer and adhesive materials manufacturer.

3.02 PREPARATION
A. Clean substrate.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 6500
09 6500 Resilient Flooring
01-20-2026 Page 4 of 6
B. Apply primer as required to prevent "bleed-through" or interference with adhesion by substances that cannot be removed.

3.03 INSTALLATION - GENERAL
A. Starting installation constitutes acceptance of subfloor conditions.

B. Install in accordance with manufacturer's written instructions.

C. Where type of floor finish, pattern, or color are different on opposite sides of door, terminate flooring under centerline of door.

D. Install edge strips at unprotected or exposed edges, where flooring terminates, and where indicated.

E. Scribe flooring to walls, columns, cabinets, floor outlets, and other appurtenances to produce tight joints.

F. Install flooring in recessed floor access covers, maintaining floor pattern.

G. Fit joints and butt seams tightly.

3.04 INSTALLATION - SHEET FLOORING
A. Lay flooring with joints and seams parallel to longer room dimensions, to produce minimum number of seams. Lay out seams to avoid widths less than 1/3 of roll width; match patterns at seams.

1. Verify direction with owner per room
B. Seams are prohibited in bathrooms, kitchens, toilet rooms, and custodial closets.

C. Seal seams by heat welding where indicated.

D. Coved Base: Install as detailed on drawings, using coved base filler as backing at floor to wall junction. Extend sheet flooring vertically to height indicated, and cover top edge with metal cap strip.

3.05 INSTALLATION - TILE FLOORING
A. Mix tile from container to ensure shade variations are consistent when tile is placed, unless otherwise indicated in manufacturer's installation instructions.

B. Install square tile to linear pattern. Allow minimum 1/2 full size tile width at room or area perimeter.

C. Install loose-laid tile, fit interlocking edges tightly.

D. Install plank tile with a random offset of at least 6 inches from adjacent rows.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 6500
09 6500 Resilient Flooring
01-20-2026 Page 5 of 6

3.06 INSTALLATION - RESILIENT BASE
A. Fit joints tightly and make vertical. Maintain minimum dimension of 18 inches between joints.

B. Install base on solid backing. Bond tightly to wall and floor surfaces.

C. Scribe and fit to door frames and other interruptions.

D. Install straight and level to variation of plus or minus 1/8 inch over 10 feet.

3.07 CLEANING
A. Remove excess adhesive from floor, base, and wall surfaces without damage.

B. Clean in accordance with manufacturer's written instructions.

3.08 PROTECTION
A. Prohibit traffic on resilient flooring for 48 hours after installation.

END OF SECTION 09 6500
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 6500
09 6500 Resilient Flooring
01-20-2026 Page 6 of 6
This page intentionally left blank
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9113
09 9113 Exterior Painting
01-20-2026 Page 1 of 6
Section 09 9113
Exterior Painting
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Surface preparation.

B. Field application of paints.

C. Scope: Finish exterior surfaces exposed to view, unless fully factory-finished and unless otherwise indicated, including the following:

1. Both sides and edges of plywood backboards for electrical and telecom equipment before installing equipment.

2. Exposed steel surfaces such as structural steel elements

3. Exposed galvanized metal surfaces such as sheet metal flashing, vents, and trim.

D. Do Not Paint or Finish the Following Items:

1. Items factory-finished unless otherwise indicated; materials and products having factoryapplied primers are not considered factory finished.

2. Items indicated to receive other finishes.

3. Items indicated to remain unfinished.

4. Fire rating labels, equipment serial number and capacity labels, and operating parts of equipment.

5. Stainless steel, anodized aluminum, bronze, terne-coated stainless steel, zinc, and lead.

6. Floors, unless specifically indicated.

7. Brick, glass unit masonry, architectural concrete, cast stone, integrally colored plaster and stucco.

8. Glass.

9. Concealed pipes, ducts, and conduits.

1.02 RELATED REQUIREMENTS

1.03 DEFINITIONS
A. Comply with ASTM D16 for interpretation of terms used in this section.

1.04 REFERENCE STANDARDS
A. 40 CFR 59, SubpartD-National Volatile Organic Compound Emission Standards for Architectural Coatings; U.S. Environmental Protection Agency; Current Edition.

B. ASTM D16 - Standard Terminology for Paint, Related Coatings, Materials, and Applications; 2024.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9113
09 9113 Exterior Painting
01-20-2026 Page 2 of 6
C. MPI (APSM) - Master Painters Institute Architectural Painting Specification Manual; Current Edition.

D. South Coast Air Quality Management District (SCAQMD) Rule 1113.

E. SSPC-SP 1 - Solvent Cleaning; 2015, with Editorial Revision (2016).

F. SSPC-SP 6/NACE No.3 - Commercial Blast Cleaning; 2006.

1.05 SUBMITTALS
A. Product Data: Provide complete list of products to be used, with the following information for each:

1. Manufacturer's name, product name and/or catalog number, and general product category (e.g. "alkyd enamel").

2. MPI product number (e.g. MPI #47).

3. Cross-reference to specified paint system(s) product is to be used in; include description of each system.

B. Samples: Submit three paper "draw down" samples, 8-1/2 by 11 inches in size, illustrating range of colors available for each finishing product specified.

1. Where sheen is specified, submit samples in only that sheen.

2. Paint color submittals will not be considered until color submittals for major materials not to be painted, such as factory finished metals and roof tiles, stucco, wall tiles, have been approved.

C. Certification: By manufacturer that paints and finishes comply with VOC limits specified.

1.06 QUALITY ASSURANCE
A. Manufacturer Qualifications: Company specializing in manufacturing the products specified, with minimum three years documented experience.

B. Applicator Qualifications: Company specializing in performing the type of work specified with minimum three years experience and approved by manufacturer.

1.07 DELIVERY, STORAGE, AND HANDLING
A. Deliver products to site in sealed and labeled containers; inspect to verify acceptability.

B. Container Label: Include manufacturer's name, type of paint, brand name, lot number, brand code, coverage, surface preparation, drying time, cleanup requirements, color designation, and instructions for mixing and reducing.

C. Paint Materials: Store at minimum ambient temperature of 45 degrees F and a maximum of 90 degrees F, in ventilated area, and as required by manufacturer's instructions.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9113
09 9113 Exterior Painting
01-20-2026 Page 3 of 6

1.08 FIELD CONDITIONS
A. Do not apply materials when surface and ambient temperatures are outside the paint product manufacturer's temperature ranges.

B. Follow manufacturer's recommended procedures for producing best results, including testing of substrates, moisture in substrates, and humidity and temperature limitations.

C. Do not apply exterior paint and finishes during rain or snow, or when relative humidity is outside the humidity ranges required by the paint product manufacturer.

D. Provide lighting level of 80 ft candles measured mid-height at substrate surface.

PART 2 PRODUCTS

2.01 MANUFACTURERS
A. Provide paints and finishes from the same manufacturer.

B. Paints:

1. Sherwin-Williams Company; _____: www.sherwin-williams.com/#sle.

C. Substitutions: See Section 01 6000 - Product Requirements.

2.02 PAINTS AND FINISHES - GENERAL
A. Paints and Finishes: Ready-mixed, unless required to be a field-catalyzed paint.

1. Provide paints and finishes of a soft paste consistency, capable of being readily and uniformly dispersed to a homogeneous coating, with good flow and brushing properties, and capable of drying or curing free of streaks or sags.

2. Supply each paint material in quantity required to complete entire project's work from a single production run.

3. Do not reduce, thin, or dilute paint or finishes or add materials unless such procedure is described explicitly in manufacturer's product instructions.

B. Volatile Organic Compound (VOC) Content:

1. Provide paints and finishes that comply with the most stringent requirements specified in the following:
a. 40 CFR 59, Subpart D--National Volatile Organic Compound Emission Standards for Architectural Coatings.
b. Architectural coatings VOC limits of California.

2. Determination of VOC Content: Testing and calculation in accordance with 40 CFR 59, Subpart D (EPA Method 24), exclusive of colorants added to a tint base and water added at project site; or other method acceptable to authorities having jurisdiction.

C. Colors: To be selected from manufacturer's full range of available colors.

1. Selection to be made by Architect after award of contract.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9113
09 9113 Exterior Painting
01-20-2026 Page 4 of 6

2. Allow for minimum of three colors for each system, unless otherwise indicated, without additional cost to Owner.

2.03 PAINT SYSTEMS - EXTERIOR
A. Exterior Surfaces to be Painted, Unless Otherwise Indicated: Including primed metal.

1. Two top coats and one coat primer.

2. Top Coat(s): Exterior Latex.
a. Products:
1) Sherwin-Williams Pro Mar 400, Eg-Shel (Trim, Wood Siding) 2) Sherwin-Williams Pro Mar 400, Semi-Gloss Enamel (Exterior Doors, Jambs & Trim)

3. Primer: As recommended by top coat manufacturer for specific substrate.

2.04 ACCESSORY MATERIALS
A. Accessory Materials: Provide primers, sealers, cleaning agents, cleaning cloths, sanding materials, and clean-up materials as required for final completion of painted surfaces.

B. Patching Material: Latex filler.

C. Fastener Head Cover Material: Latex filler.

PART 3 EXECUTION

3.01 EXAMINATION
A. Verify that surfaces are ready to receive work as instructed by the product manufacturer.

B. Examine surfaces scheduled to be finished prior to commencement of work. Report any condition that may potentially affect proper application.

C. Test shop-applied primer for compatibility with subsequent cover materials.

D. Measure moisture content of surfaces using an electronic moisture meter. Do not apply finishes unless moisture content of surfaces are below the following maximums:

1. Exterior Plaster and Stucco: 12 percent.

3.02 PREPARATION
A. Clean surfaces thoroughly and correct defects prior to application.

B. Prepare surfaces using the methods recommended by the manufacturer for achieving the best result for the substrate under the project conditions.

C. Remove or mask surface appurtenances, including electrical plates, hardware, light fixture trim, escutcheons, and fittings, prior to preparing surfaces for finishing.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9113
09 9113 Exterior Painting
01-20-2026 Page 5 of 6
D. Seal surfaces that might cause bleed through or staining of topcoat.

E. Remove mildew from impervious surfaces by scrubbing with solution of tetra-sodium phosphate and bleach. Rinse with clean water and allow surface to dry.

F. Exterior Plaster: Fill hairline cracks, small holes, and imperfections with exterior patching plaster. Make smooth and flush with adjacent surfaces. Wash and neutralize high alkali surfaces.

G. Galvanized Surfaces:

1. Remove surface contamination and oils and wash with solvent according to SSPC-SP 1.

H. Ferrous Metal:

1. Solvent clean according to SSPC-SP 1.

2. Remove rust, loose mill scale, and other foreign substances using methods recommended in writing by paint manufacturer and blast cleaning in accordance with SSPC-SP 6/NACE No.3. Protect from corrosion until coated.

3.03 APPLICATION
A. Apply products in accordance with manufacturer's written instructions and recommendations in "MPI Architectural Painting Specification Manual".

B. Do not apply finishes to surfaces that are not dry. Allow applied coats to dry before next coat is applied.

C. Apply each coat to uniform appearance.

D. Vacuum clean surfaces of loose particles. Use tack cloth to remove dust and particles just prior to applying next coat.

E. Reinstall electrical cover plates, hardware, light fixture trim, escutcheons, and fittings removed prior to finishing.

3.04 CLEANING
A. Collect waste material that could constitute a fire hazard, place in closed metal containers, and remove daily from site.

END OF SECTION 09 9113
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9113
09 9113 Exterior Painting
01-20-2026 Page 6 of 6
This page intentionally left blank
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9123
09 9123 Interior Painting
01-20-2026 Page 1 of 6
Section 09 9123
Interior Painting
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Surface preparation.

B. Field application of paints.

C. Scope: Finish interior surfaces exposed to view, unless fully factory-finished and unless otherwise indicated.

D. Do Not Paint or Finish the Following Items:

1. Items factory-finished unless otherwise indicated; materials and products having factoryapplied primers are not considered factory finished.

2. Items indicated to receive other finishes.

3. Items indicated to remain unfinished.

4. Fire rating labels, equipment serial number and capacity labels, bar code labels, and operating parts of equipment.

5. Stainless steel, anodized aluminum, bronze, terne-coated stainless steel, and lead items.

6. Marble, granite, slate, and other natural stones.

7. Floors, unless specifically indicated.

8. Ceramic and other tiles.

9. Glass.

10. Concealed pipes, ducts, and conduits.

1.02 RELATED REQUIREMENTS
A. Section 09 9113 - Exterior Painting.

1.03 DEFINITIONS
A. Comply with ASTM D16 for interpretation of terms used in this section.

1.04 REFERENCE STANDARDS
A. 40 CFR 59, SubpartD-National Volatile Organic Compound Emission Standards for Architectural Coatings; U.S. Environmental Protection Agency; Current Edition.

B. ASTM D16 - Standard Terminology for Paint, Related Coatings, Materials, and Applications; 2024.

C. ASTM D4442 - Standard Test Methods for Direct Moisture Content Measurement of Wood and Wood-Based Materials; 2020 (Reapproved 2025).

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9123
09 9123 Interior Painting
01-20-2026 Page 2 of 6
D. MPI (APSM) - Master Painters Institute Architectural Painting Specification Manual; Current Edition.

E. South Coast Air Quality Management District (SCAQMD) Rule 1113.

F. SSPC-SP 1 - Solvent Cleaning; 2015, with Editorial Revision (2016).

G. SSPC-SP 6/NACE No.3 - Commercial Blast Cleaning; 2006.

1.05 SUBMITTALS
A. Product Data: Provide complete list of products to be used, with the following information for each:

1. Manufacturer's name, product name and/or catalog number, and general product category (e.g., "alkyd enamel").

2. MPI product number (e.g., MPI #47).

3. Cross-reference to specified paint system products to be used in project; include description of each system.

B. Samples: Submit three paper "draw down" samples, 8-1/2 by 11 inches in size, illustrating range of colors available for each finishing product specified.

1. Where sheen is specified, submit samples in only that sheen.

2. Where sheen is not specified, discuss sheen options with Architect before preparing samples, to eliminate sheens not required.

3. Allow 30 days for approval process, after receipt of complete samples by Architect.

4. Paint color submittals will not be considered until color submittals for major materials not to be painted, such as factory finished metals and wood cabinets, have been approved.

C. Certification: By manufacturer that paints and finishes comply with VOC limits specified.

1.06 QUALITY ASSURANCE
A. Manufacturer Qualifications: Company specializing in manufacturing the products specified, with minimum three years documented experience.

B. Applicator Qualifications: Company specializing in performing the type of work specified with minimum three years experience.

1.07 MOCK-UP
A. Provide panel, 8 feet long by 8 feet wide, illustrating paint color, texture, and finish.

B. Provide door and frame assembly illustrating paint color, texture, and finish.

C. Mock-up may remain as part of the work.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9123
09 9123 Interior Painting
01-20-2026 Page 3 of 6

1.08 DELIVERY, STORAGE, AND HANDLING
A. Deliver products to site in sealed and labeled containers; inspect to verify acceptability.

B. Container Label: Include manufacturer's name, type of paint, brand name, lot number, brand code, coverage, surface preparation, drying time, cleanup requirements, color designation, and instructions for mixing and reducing.

C. Paint Materials: Store at minimum ambient temperature of 45 degrees F and a maximum of 90 degrees F, in ventilated area, and as required by manufacturer's instructions.

1.09 FIELD CONDITIONS
A. Do not apply materials when surface and ambient temperatures are outside the temperature ranges required by the paint product manufacturer.

B. Follow manufacturer's recommended procedures for producing best results, including testing of substrates, moisture in substrates, and humidity and temperature limitations.

C. Provide lighting level of 80 fc measured mid-height at substrate surface.

PART 2 PRODUCTS

2.01 MANUFACTURERS
A. Provide paints and finishes from the same manufacturer.

B. Paints:

1. Base Manufacturer: Sherwin-Williams Company. www.sherwin-williams.com

2. Behr Paint Company: www.behr.com/#sle.

C. Substitutions: See Section 01 6000 - Product Requirements.

2.02 PAINTS AND FINISHES - GENERAL
A. Paints and Finishes: Ready-mixed, unless intended to be a field-catalyzed paint.

1. Provide paints and finishes of a soft paste consistency, capable of being readily and uniformly dispersed to a homogeneous coating, with good flow and brushing properties, and capable of drying or curing free of streaks or sags.

2. Supply each paint material in quantity required to complete entire project's work from a single production run.

3. Do not reduce, thin, or dilute paint or finishes or add materials unless such procedure is specifically described in manufacturer's product instructions.

B. Volatile Organic Compound (VOC) Content:

1. Provide paints and finishes that comply with the most stringent requirements specified in the following:

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9123
09 9123 Interior Painting
01-20-2026 Page 4 of 6
a. 40 CFR 59, Subpart D--National Volatile Organic Compound Emission Standards for Architectural Coatings.
b. Architectural coatings VOC limits of California.

2. Determination of VOC Content: Testing and calculation in accordance with 40 CFR 59, Subpart D (EPA Method 24), exclusive of colorants added to a tint base and water added at project site; or other method acceptable to authorities having jurisdiction.

C. Sheens: Provide the sheens specified; where sheen is not specified, sheen will be selected later by Architect from the manufacturer's full line.

D. Colors: To be selected from manufacturer's full range of available colors.

1. Selection to be made by Architect after award of contract.

2. Allow for minimum of two colors for each system, unless otherwise indicated, without additional cost to Owner.

3. Extend colors and sheens to surface edges; colors may change at any edge as directed by Architect.

2.03 PAINT SYSTEMS - INTERIOR
A. Interior Surfaces to be Painted, Unless Otherwise Indicated: Including gypsum board, wood, shop primed steel, galvanized steel, and aluminum.

1. Two top coats and one coat primer.

2. Top Coat(s): Institutional Low Odor/VOC Interior Latex. a. Products:
1) Sherwin-Williams ProMar 400 Zero VOC Interior Latex, Egg-shell (Walls, Ceiling)
2) Sherwin-Williams ProMar 400 Zero VOC Interior Latex, Semi-Gloss (Interior Doors, Jambs

3. Color: Zurich White (Typical Interior UON)

4. Primer: As recommended by top coat manufacturer for specific substrate.

2.04 ACCESSORY MATERIALS
A. Accessory Materials: Provide primers, sealers, cleaning agents, cleaning cloths, sanding materials, and clean-up materials as required for final completion of painted surfaces.

B. Patching Material: Latex filler.

C. Fastener Head Cover Material: Latex filler.

PART 3 EXECUTION

3.01 EXAMINATION
A. Do not begin application of paints and finishes until substrates have been adequately prepared.

B. Verify that surfaces are ready to receive work as instructed by the product manufacturer.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9123
09 9123 Interior Painting
01-20-2026 Page 5 of 6
C. Examine surfaces scheduled to be finished prior to commencement of work. Report any condition that may potentially affect proper application.

D. If substrate preparation is the responsibility of another installer, notify Architect of unsatisfactory preparation before proceeding.

E. Test shop-applied primer for compatibility with subsequent cover materials.

F. Measure moisture content of surfaces using an electronic moisture meter. Do not apply finishes unless moisture content of surfaces is below the following maximums:

1. Gypsum Wallboard: 12 percent.

2. Interior Wood: 15 percent, measured in accordance with ASTM D4442.

3.02 PREPARATION
A. Clean surfaces thoroughly and correct defects prior to application.

B. Prepare surfaces using the methods recommended by the manufacturer for achieving the best result for the substrate under the project conditions.

C. Remove or mask surface appurtenances, including electrical plates, hardware, light fixture trim, escutcheons, and fittings, prior to preparing surfaces or finishing.

D. Seal surfaces that might cause bleed through or staining of topcoat.

E. Gypsum Board: Fill minor defects with filler compound. Spot prime defects after repair.

F. Aluminum: Remove surface contamination and oils and wash with solvent according to SSPCSP 1.

G. Galvanized Surfaces:

1. Remove surface contamination and oils and wash with solvent according to SSPC-SP 1.

H. Ferrous Metal:

1. Solvent clean according to SSPC-SP 1.

2. Shop-Primed Surfaces: Sand and scrape to remove loose primer and rust. Feather edges to make touch-up patches inconspicuous. Clean surfaces with solvent. Prime bare steel surfaces. Re-prime entire shop-primed item.

3. Remove rust, loose mill scale, and other foreign substances using methods recommended in writing by paint manufacturer and blast cleaning in accordance with SSPC-SP 6/NACE No.3. Protect from corrosion until coated.

I. Wood Surfaces to Receive Opaque Finish: Wipe off dust and grit prior to priming. Seal knots, pitch streaks, and sappy sections with sealer. Fill nail holes and cracks after primer has dried; sand between coats. Back prime concealed surfaces before installation.

J. Wood Doors to be Field-Finished: Seal wood door top and bottom edge surfaces with tinted primer if not otherwise factory sealed.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 09 9123
09 9123 Interior Painting
01-20-2026 Page 6 of 6

3.03 APPLICATION
A. Apply products in accordance with manufacturer's written instructions and recommendations in "MPI Architectural Painting Specification Manual".

B. Do not apply finishes to surfaces that are not dry. Allow applied coats to dry before next coat is applied.

C. Apply each coat to uniform appearance in thicknesses specified by manufacturer.

D. Dark Colors and Deep Clear Colors: Regardless of number of coats specified, apply as many coats as necessary for complete hide.

E. Sand wood and metal surfaces lightly between coats to achieve required finish.

F. Vacuum clean surfaces of loose particles. Use tack cloth to remove dust and particles just prior to applying next coat.

G. Reinstall electrical cover plates, hardware, light fixture trim, escutcheons, and fittings removed prior to finishing.

3.04 CLEANING
A. Collect waste material that could constitute a fire hazard, place in closed metal containers, and remove daily from site.

3.05 PROTECTION
A. Protect finishes until completion of project.

B. Touch-up damaged finishes after Substantial Completion.

END OF SECTION 09 9123
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 1400
10 1400 Signage
01-20-2026 Page 1 of 4
Section 10 1400
Signage
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Room and door signs
B. Exterior directional signs
C. Emergency evacuation maps.

D. Building identification signs.

1.02 REFERENCE STANDARDS
A. 36 CFR 1191 - Americans with Disabilities Act (ADA) Accessibility Guidelines for Buildings and Facilities; Architectural Barriers Act (ABA) Accessibility Guidelines; current edition.

B. ADA Standards - 2010 ADA Standards for Accessible Design; 2010.

C. CBC Chapter 11B - California Building Code - Accessibility to Public Buildings, Public Accommodations, Commercial Buildings and Public Housing; 2022.

D. ICC A117.1 - Accessible and Usable Buildings and Facilities; 2017.

1.03 SUBMITTALS
A. See Section 01 3300 - Submittals, for submittal procedures.

B. Product Data: Manufacturer's printed product literature for each type of sign, indicating sign styles, font, foreground and background colors, locations, overall dimensions of each sign.

C. Signage Schedule: Provide information sufficient to completely define each sign for fabrication, including room number, room name, other text to be applied, sign and letter sizes, fonts, and colors.

1. When room numbers to appear on signs differ from those on drawings, include the drawing room number on schedule.

2. When content of signs is indicated to be determined later, request such information from Owner through Architect at least 2 months prior to start of fabrication; upon request, submit preliminary schedule.

3. Submit for approval by Owner through Architect prior to fabrication.

D. Samples: Submit one sample of each type of sign, of size similar to that required for project, illustrating sign style, font, and method of attachment.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 1400
10 1400 Signage
01-20-2026 Page 2 of 4
E. Selection Samples: Where colors are not specified, submit two sets of color selection charts or chips.

F. Verification Samples: Submit samples showing colors specified.

G. Manufacturer's Qualification Statement.

1.04 QUALITY ASSURANCE
A. Manufacturer Qualifications: Company specializing in manufacturing the products specified in this section with minimum three years of documented experience.

1.05 DELIVERY, STORAGE, AND HANDLING
A. Package signs as required to prevent damage before installation.

B. Package room and door signs in sequential order of installation, labeled by floor or building.

C. Store tape adhesive at normal room temperature.

1.06 FIELD CONDITIONS
A. Do not install tape adhesive when ambient temperature is lower than recommended by manufacturer.

B. Maintain this minimum temperature during and after installation of signs.

PART 2 PRODUCTS

2.01 MANUFACTURERS
A. Flat Signs:

1. Best Sign Systems, Inc; -: www.bestsigns.com. Basis of Design

2. Cosco Industries (ADA signs): www.coscoarchitecturalsigns.com/#sle.

3. Inpro: www.inprocorp.com/#sle.

4. Mohawk Sign Systems, Inc: www.mohawksign.com/#sle.

5. Seton Identification Products; -: www.seton.com/aec.

B. Dimensional Letter Signs:

1. Cosco Industries; Cast Aluminum: www.coscoarchitecturalsigns.com/#sle.

2. Woodland Manufacturing; Cast Aluminum: www.woodlandmanufacturing.com

3. A.R.K. Ramos Architectural Signage; arkramos.com

2.02 SIGNAGE APPLICATIONS
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 1400
10 1400 Signage
01-20-2026 Page 3 of 4
A. Accessibility Compliance: Signs are required to comply with CBC Chapter 11B, ADA Standards, and ICC A117.1, unless otherwise indicated; in the event of conflicting requirements, comply with the most comprehensive and specific requirements.

B. Room and Door Signs: Provide a sign for every doorway, whether it has a door or not, not including corridors, lobbies, and similar open areas.

1. Sign Type: Flat signs with engraved panel media as specified.

2. Provide "tactile" signage, with letters raised minimum 1/32 inch and Grade II braille.

3. Character Height: 1 inch.

4. Sign Height: 2 inches, unless otherwise indicated.

5. Office Doors: Identify with room numbers to be determined later, not the numbers indicated on drawings.

6. Service Rooms: Identify with room names and numbers to be determined later, not those indicated on drawings.

7. Rest Rooms: Identify with pictograms, the names "Restroom", and duplicate in braille.

C. Exterior Directional & Parking Signs

1. Sign Type: Aluminum printed

2. Sizes: As indicated on drawings and as required to contain message text as required.

D. Emergency Evacuation Maps:

1. Map content to be provided by Owner.

E. Building Identification Signs:

1. Use individual metal letters.

2. Mount on outside wall in location indicated on drawings.

2.03 SIGN TYPES
A. Flat Signs: Signage media without frame.

1. Edges: Square.

2. Corners: Radiused.

3. Wall Mounting of One-Sided Signs: Tape adhesive.

B. Color and Font: Unless otherwise indicated:

1. Character Font: Helvetica, Arial, or other sans serif font.

2. Character Case: Upper and lower case (title case).

3. Background Color: As selected by Architect to match campus standard.

4. Character Color: Contrasting color.

2.04 TACTILE SIGNAGE MEDIA
A. Engraved Panels: Laminated colored plastic; engraved through face to expose core as background color:

1. Total Thickness: 1/16 inch.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 1400
10 1400 Signage
01-20-2026 Page 4 of 4

2.05 DIMENSIONAL LETTERS
A. Metal Letters:

1. Metal: Aluminum casting.

2. Metal Thickness: 1/8 inch minimum.

3. Letter Height: As indicated on drawings.

4. Text and Typeface:
a. Character Font: Optima.
b. Character Case: Upper case only.

5. Finish: Medium bronze.

6. Mounting: Projected mount collars and threaded studs set in adhesive.

2.06 ACCESSORIES
A. Exposed Screws: Stainless steel.

B. Tape Adhesive: Double sided tape, permanent adhesive.

C. Where signs are mounted on sidelights provide blank sign for mounting on backside of glazing.

PART 3 EXECUTION

3.01 EXAMINATION
A. Verify that substrate surfaces are ready to receive work.

3.02 INSTALLATION
A. Install in accordance with manufacturer's instructions.

B. Install neatly, with horizontal edges level.

C. Locate signs and mount at heights indicated on drawings and in accordance with CBC Chapter 11B, ADA Standards and ICC A117.1.

D. Protect from damage until Date of Substantial Completion; repair or replace damaged items.

3.03 FIELD INSPECTION
A. Per CBC Chapter 11B signs and identification devices shall be field inspected after installation and approved by the enforcing agency prior to the issuance of a final certificate of occupancy per Chapter 1, Division II, Section 111, or final approval where no certificate of occupancy is issued. The inspection shall include, but not be limited to, verification that Braille dots and cells are properly spaced and the size, proportion and type of raised characters are in compliance with these regulations.

END OF SECTION 10 1400
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 2813
10 2813 Toilet, Bath, & Laundry Accessories
01-20-2026 Page 1 of 6
Section 10 2813
Toilet, Bath, & Laundry Accessories
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Common Areas Toilet Room and Lavatory Accessories.

B. Residential Toilet, Shower, and Bath Accessories

1.02 RELATED SECTIONS
A. Section 06 100 - Rough Carpentry: Placement of blocking and backing for accessories B. Section 09 2116 - Gypsum Board Assemblies.

C. Section 08 8300 - Mirrors

1.03 REFERENCES
A. 36 CFR 1191 - Amercians with Disabilities Act (ADA) Accessibility Guidelines for Buildings and Facilities; Architecture Barriers Act (ABA) Accessibility Guidelines; current edition.

B. ASTM A 240/A 240M - Standard Specification for Chromium and Chromium-Nickel Stainless Steel Plate, Sheet, and Strip for Pressure Vessels and for General Applications; 2005.

C. ASTM A 554 - Standard Specification for Welded Stainless Steel Mechanical Tubing; 2003.

D. ASTM C 1036 - Standard Specification for Flat Glass; 2001.

E. ASTM F 446 - Standard Consumer Safety Specification for Grab Bars and Accessories Installed in the Bathing Area; 1985 (Reapproved 2004).

1.04 SUBMITTALS
A. See Section 01 3000 - Administrative Requirements, for submittal procedures.

B. Product Data: Manufacturer's product data for products specified, indicating selected options and accessories.

C. Shop Drawings:

1. Plans: Locate each specified unit in project.

2. Elevations: Indicate mounting height of each specified unit in project.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 2813
10 2813 Toilet, Bath, & Laundry Accessories
01-20-2026 Page 2 of 6

3. Details: Indicate anchoring and fastening details, required locations and types of anchors and reinforcement, and materials required for correct installation of specified products not supplied by manufacturer of products of this section.

D. Closeout Submittals: Warranty documents, issued and executed by manufacturer of products of this section, and countersigned by Contractor.

1.05 QUALITY ASSURANCE
A. Manufacturer Qualifications: Minimum five (5) years of documented experience producing products of the types specified in this section.

1.06 DELIVERY, STORAGE, AND HANDLING
A. Factory-apply strippable protective vinyl coating to sight-exposed surfaces after finishing of products; ship products in manufacturer's standard protective packaging.

B. Storage and Protection: Store products in manufacturer's protective packaging until installation.

1.07 SEQUENCING
A. Supply locating and sizing templates, and other requirements, to fabricators and installers of products referenced in RELATED SECTIONS Article for building in products of this section.

B. Supply reinforcing and anchoring devices required for installation of products of this section to fabricators and installers of products referenced in RELATED SECTIONS Article.

1.08 WARRANTY
A. See Section 01 7800 - Closeout Submittals, for additional warranty requirements.

B. Manufacturer's standard warranty against defects in product workmanship and materials.

C. Manufacturer's 10-year warranty against silver spoilage of mirrors.

PART 2 PRODUCTS

2.01 MANUFACTURERS
A. Products Listed are manufactured by: Bobrick Washroom Equipment, Inc.

B. Acceptable Manufacturers:

1. Bobrick Washroom Equipment: www.Bobrick.com (basis of design, as noted on drawings)

2. Bradley Corporation: www.bradleycorp.com

3. ASI-American Specialties, Inc; www.americanspecialties.com Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 2813
10 2813 Toilet, Bath, & Laundry Accessories
01-20-2026 Page 3 of 6
C. Substitutions: Section 01 6000 - Product Requirements.

D. Supply all products of this section of each category type from a single manufacturer.

2.02 FASTENINGS
A. All toilet and bath accessories shall be complete with all required fastenings, and all fastenings shall harmonize with the item being fastened. All accessories requiring attachment shall be screw-mounted, set in solid backing or reinforced concrete unit masonry, unless otherwise noted.

2.03 TOILET ACCESSORIES - COMMON AREAS
A. Basic Construction Requirements:

1. Doors: Fabricated from minimum 0.0313 inch stainless steel sheet, formed hems at sightexposed edges; welded corners, finished to match sheet finish.

2. Cabinets: Fabricated from minimum 0.0313 inch stainless steel sheet, formed hems at sight-exposed edges; all joints welded, sight-exposed welds finished to match sheet finish.

3. Hinges: Stainless steel piano hinge, 3/16 inch diameter barrel, full length of cabinet; hinge leaves spot-welded to door and cabinet body.

4. Locks: Tumbler locks, keyed alike other toilet accessory locks, with two keys for each lock.

5. Stainless Steel Finish: No.4 satin unless otherwise specified.

B. Soap Dispenser: Surface Mounted, Classic Series, ADA Compliant, Model B-2111 C. Paper Towel Dispenser/ Waste Receptacle: Recessed, Satin Finish, ADA Compliant, Model B369.

D. Sanitary Napkin Disposal : Surface-mounted, Satin Finish, ADA Compliant, Model B-254.

E. Toilet Seat Cover Dispenser : Surface-mounted, ADA Compliant, Model B-221.

F. Toilet Paper Holder : Classic series - surface mounted, ADA Compliant, Model B-2888.

G. Hat and Coat Hook : Satin Finish, Model B-6827.

2.04 TOILET ACCESSORIES - RESIDENTIAL AREAS
A. Shower Curtain Rod [<>]: Pamex - Adjustable Curved BSRxx-585 (Satin Nickel) B. Towel Ring: Pamex - Seal Beach BC5-30 (Satin Nickel) C. Towel Holder: Pamex - Seal Beach BC-5-138 (Satin Nickel) D. Paper Holder: Pamex - Seal Beach BC5-42 (Satin Nickel) E. Robe Hook: Pamex - Seal Beach BC5-21 (Satin Nickel)
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 2813
10 2813 Toilet, Bath, & Laundry Accessories
01-20-2026 Page 4 of 6

2.05 MIRRORS
A. Mirror : Model B-165-2436.

1. Finish: No.4 satin stainless steel.

2. Location: Community Room Restrooms Only

2.06 GRAB BARS
A. Grab Bars - Basic Requirements: Fabricated to comply with ASTM F 446 and to withstand a 250 pound force, from ASTM A 554 stainless steel tubing, 18 gauge (1.2mm), Type 304, 18-8 alloy; formed 1-1/4 inch radius return to wall at each end; each end heliarc-welded to minimum 1/8" thick stainless steel circular flange; welds finished to match tube finish. Flange covers shall be 22 gauge and shall snap over mounting flanges to conceal mounting screws.

B. Grab Bars: Series B-5806 Satin-Finish.

1. Sizes and configurations: As indicated on drawings.

PART 3 EXECUTION

3.01 EXAMINATION
A. Verification of Conditions:

1. Prepared openings are sized and located in accordance with shop drawings.

2. Reinforcement and anchoring devices are correct type and are located in accordance with shop drawings.

B. Installer's Examination:

1. Installer of this section shall examine conditions under which construction activities of this section are to be performed, then submit written notification if such conditions are unacceptable.

2. Beginning construction activities of this section indicates installer's acceptance of conditions.

3.02 INSTALLATION
A. Install toilet accessories plumb and level in accordance with manufacturer's printed installation instructions.

B. Locate toilet accessories at heights specified by Americans with Disabilities Act (ADA).

3.03 CLEANING
A. Remove manufacturer's protective vinyl coating from sight-exposed surfaces 24 hours before final inspection.

B. Clean surfaces in accordance with manufacturer's recommendations.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 2813
10 2813 Toilet, Bath, & Laundry Accessories
01-20-2026 Page 5 of 6

3.04 PROTECTION OF INSTALLED PRODUCTS
A. Protect products from damage caused by subsequent construction activities.

B. Field repair of damaged product finishes is prohibited; replace products having damaged finishes caused by subsequent construction activities.

END OF SECTION
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 2813
10 2813 Toilet, Bath, & Laundry Accessories
01-20-2026 Page 6 of 6

THIS PAGE BLANK
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 4400
10 4400 Fire Protection Specialties
01-20-2026 Page 1 of 4
Section 10 4400
Fire Protection Specialties
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Fire extinguishers.

B. Fire extinguisher cabinets.

1.02 RELATED REQUIREMENTS
A. Section 06 1000 - Rough Carpentry: Wood blocking.

B. Section 09 9123 - Interior Painting.

1.03 REFERENCE STANDARDS
A. FM (AG) - FM Approval Guide; Current Edition.

B. NFPA 10 - Standard for Portable Fire Extinguishers; 2026.

C. UL (DIR) - Online Certifications Directory; Current Edition.

1.04 SUBMITTALS
A. See Section 01 3300 - Submittals for submittal procedures B. Operation and Maintenance Data: Include test, refill, or recharge schedules and recertification requirements.

PART 2 PRODUCTS

2.01 MANUFACTURERS
A. Fire Extinguishers:

1. Ansul, a Tyco Business; Cleanguard: www.ansul.com/#sle.

2. Amerex Corp: www.amerex-fire.com
B. Fire Extinguisher Cabinets and Accessories:

1. Larsen's Manufacturing Co: www.larsensmfg.com/#sle.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 4400
10 4400 Fire Protection Specialties
01-20-2026 Page 2 of 4

2.02 FIRE EXTINGUISHERS
A. General Requirements: Comply with product requirements of NFPA 10 and applicable codes, whichever is more stringent.

1. Provide extinguishers labeled by UL (DIR) or FM (AG) for purpose specified and as indicated on drawings.

B. Multipurpose Dry-Chemical-Type Fire Extinguishers: Carbon steel tank, with pressure gauge.

1. Stored Pressure Operated: Deep drawn.

2. Class: A:B:C.

3. Finish: Baked polyester powder coat; color as selected by Architect.

4. Model: B500/B500T as manufactured by Amerex

5. Temperature Range: Minus 65 to 120 degrees F.

2.03 FIRE EXTINGUISHER CABINETS
A. Cabinet Configuration: Recessed type at exterior. Semi-recessed type at interior

1. Size to accommodate accessories.

2. Trim: Flat square edge, with 2-inch wide face.

B. Door Glazing: Float glass, clear, 1/8 inch thick, and set in resilient channel glazing gasket.

C. Cabinet Mounting Hardware: Appropriate to cabinet, with predrilled holes for placement of anchors.

D. Fabrication: Weld, fill, and grind components smooth.

E. Finish of Cabinet Exterior Trim and Door: Primed for field paint finish.

1. See Section 09 9123 for field painting.

F. Finish of Cabinet Interior: White colored enamel.

G. Lettering: Vertical, Red

2.04 ACCESSORIES
A. Knox Box: 3200 Recessed Mount
PART 3 EXECUTION

3.01 EXAMINATION
A. Verify dimensions, tolerances, and interfaces with other work.

B. Verify substrate and site conditions for product installation are in accordance with manufacturer's written instructions.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 4400
10 4400 Fire Protection Specialties
01-20-2026 Page 3 of 4
C. Verify rough openings for cabinet are sized and located in accordance with manufacturer's written instructions.

D. Notify Architect in writing of conditions detrimental to completion of work. Do not proceed with installation until detrimental conditions are corrected.

3.02 INSTALLATION
A. Install in accordance with manufacturer's instructions.

B. Install cabinets plumb and level in wall openings, 48 inches from finished floor to top of cabinet door max.

END OF SECTION 10 4400
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 4400
10 4400 Fire Protection Specialties
01-20-2026 Page 4 of 4
This page intentionally left blank
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 5500
10 5500 Postal Specialties
01-20-2026 Page 1 of 4
Section 10 5500
Postal Specialties
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Central mail delivery boxes.

B. Letter drop with collection box

1.02 RELATED REQUIREMENTS
A. Section 03 3000 - Cast-in-Place Concrete: Concrete pedestal and anchor bolts for mail box.

B. Section 05 5000 - Metal Fabrications: Fabricated metal pedestal and anchor bolts for mail box.

1.03 REFERENCE STANDARDS
A. 36 CFR 1191 - Americans with Disabilities Act (ADA) Accessibility Guidelines for Buildings and Facilities; Architectural Barriers Act (ABA) Accessibility Guidelines; current edition.

B. 39 CFR 111 - U.S. Postal Service Standard 4C; effective date September 3, 2006.

C. ADA Standards - 2010 ADA Standards for Accessible Design; 2010.

1.04 SUBMITTALS
A. Product Data: Provide manufacturer's specifications and descriptive literature, installation instructions, maintenance information, and current USPS approval documentation.

1.05 WARRANTY
A. Provide manufacturer's warranty against defects in materials or workmanship for a period of 5 years from Date of Substantial Completion.

PART 2 PRODUCTS

2.01 CENTRAL MAIL DELIVERY BOXES
A. Manufacturers:

1. Florence Manufacturing Company; -: www.florencemailboxes.com.

2. Jensen Mailboxes; -: www.jensenmailboxes.com.

3. Postal Products Unlimited, Inc; -: www.postalproducts.com.

4. Salsbury Industries; -: www.mailboxes.com.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 5500
10 5500 Postal Specialties
01-20-2026 Page 2 of 4

5. Security Manufacturing Corp; -: www.securitymanufacturing.com.

B. Central Mail Delivery Boxes: Provide products approved for United States Postal Service (USPS) delivery.

1. Materials: Aluminum with stainless steel hardware.

2. Finish: Powder coat in color selected by Architect from manufacturer's standard colors.

3. Unit Types and Sizes: As indicated on drawings.

4. Configurations: See drawings for overall dimensions and layouts.

C. Cluster Box Units (CBU): Pedestal-mounted, mail receptacle with weather-resistant cabinet for outdoor installation; front-loading, single-column design.

1. Typical Unit: 12 customer compartments (3 inch high), 1 outgoing mail receptacle, and 2 parcel compartments.
a. Florence Manufacturing Company; Model Vital 1570-16. b. Jensen Mailboxes: Model 5216-BA
c. Salsbury Industries; Model 16A, Type III.

2.02 LETTER DROP BOXES
A. Manufacturers:

1. Florence Manufacturing Company; -: www.florencemailboxes.com.

2. Protex Safe Co; -: www.protexsafe.com.

B. Through wall mounted letter drop boxes

1. Materials: Aluminum with stainless steel hardware.

2. Finish: Clear anodized

3. Unit Types and Sizes: Letter drop for insertion of mail through a spring loaded door to drop box.

4. Collection Box: Min. 6 inches deep, 16 inches tall and as wide as slot a. Florence LD12AL8B
b. Protex DSC-160

2.03 CENTRAL MAIL DELIVERY BOX COMPONENTS
A. Locking - Front Loading Master Door: Three-point latching mechanism with USPS master lock furnished and installed by postmaster.

B. Locking - Customer Compartment Doors: USPS approved cam lock, 3 keys each lock.

C. Locking - Parcel Compartment Doors: Double-lock arrangement with USPS approved cam lock for customer access, and USPS master lock furnished and installed by postmaster.

D. Pedestals: Standard aluminum pedestal with rubber mounting pad designed to meet USPS and height requirements of ADA Standards.

E. Identification - Customer and Parcel Compartments: Sequential numerical or alphabetic characters, top to bottom, left to right; factory-installed.

1. Engraved characters, 3/4 inch high, with black fill.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 5500
10 5500 Postal Specialties
01-20-2026 Page 3 of 4
PART 3 EXECUTION

3.01 EXAMINATION
A. Verify that concrete base and anchor bolts are ready to receive pedestal-mounted units.

B. Do not begin installation until unacceptable conditions are corrected.

3.02 INSTALLATION
A. Install postal specialties in accordance with approved shop drawings, manufacturer's instructions, and USPS requirements.

B. Adjust and lubricate door hardware to operate properly.

END OF SECTION 10 5500
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 10 5500
10 5500 Postal Specialties
01-20-2026 Page 4 of 4
This page intentionally left blank
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 11 3013
11 3013 Residential Appliances
01-20-2026 Page 1 of 4
Section 11 3013
Residential Appliances
PART 1 GENERAL

2.01 SECTION INCLUDES
A. Kitchen appliances.

B. Laundry appliances.

C. ADA compliant appliances at Mobility Accessible Residences

2.02 RELATED REQUIREMENTS
A. Section 22 1005 - Plumbing Piping: Plumbing connections for appliances.

B. Section 23 3113 - Metal Ducts : Exhaust ducts for vent hoods C. Section 26 2726 - Wiring Devices: Electrical connections for appliances

2.03 REFERENCE STANDARDS
A. Energy Star - www.energystar.gov
B. UL (DIR) - Online Certifications Directory; Current Edition.

2.04 SUBMITTALS
A. Product Data: Manufacturer's data indicating dimensions, capacity, and operating features of each piece of residential equipment to be provided.

2.05 QUALITY ASSURANCE
A. All appliances shall be Energy Star Certified where applicable, including but not limited to, refrigerators and range hoods.

B. Electric Appliances: Listed and labeled by UL (DIR) and complying with NEMA Standards (National Electrical Manufacturers Association).

C. AHAM Standards:

1. Refrigerators and Freezers: Total volume and shelf area ratings certified according to ANSI/AHAM HRF-1.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 11 3013
11 3013 Residential Appliances
01-20-2026 Page 2 of 4
D. ADA, FHADG, and ANSI A117.1 requirements in applicable units and in common spaces.

E. Washers:

1. Washers will be water-efficient

2. Washers will have modified energy factor (MEF) greater than or equal to 2.0 and water factor (WF) less than 5.5.

3. Will be Energy Star labeled
F. Dishwashers:

1. Will use 6.0 gallons or less per cycle

2. Will be Energy Star labeled
G. Clothes Dryer: Will be Energy Star labeled.

H. Refrigerators: Will be Energy Star labeled.

2.06 WARRANTY
A. Provide five (5) year manufacturer warranty on refrigeration system of refrigerators.

B. Provide ten (10) year manufacturer warranty on magnetron tube of microwave ovens.

C. Provide ten (10) year manufacturer warranty on tub and door liner of dishwashers.

D. Manufacturer's standard warranty in which manufacturer agrees to repair or replace appliance that fails in materials and workmanship within specified warranty period.

2.07 DELIVERY, STORAGE AND HANDLING
A. Coordinate with Owner to have delivery of appliances only after utility rough-in is complete and construction in spaces to receive appliances is substantially complete and ready for installation.

B. Storage: Adequately protect against damage while stored at site.

PART 2 PRODUCTS

3.01 KITCHEN APPLIANCES
A. Provide Equipment Eligible for Energy Star Rating: Energy Star Rated.

B. Provide and install complete appliances including all cord whips, light bulbs, and remote switches required for a complete installation.

C. Refrigerator, Typical Apartment and ADA Units: Free-standing, top-mounted freezer, and frost-free.

1. Capacity: Total minimum storage of 18 cubic ft; minimum 15 percent freezer capacity.

2. Energy Star Certified
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 11 3013
11 3013 Residential Appliances
01-20-2026 Page 3 of 4

3. ADA Compliant at ADA Units

4. Features: Include 2 point front leveling system and 2 point front leveling system.

5. Exterior Finish: Porcelain enameled steel.

D. Range: Electric, free-standing, with standard burners and removable drip pans.

1. Size: 30 inches wide.

2. Oven: Self-cleaning.

3. Elements: Four (4).

4. Controls: front.

5. Features: Include storage drawer, broiler pan and grid, and oven light.

6. Exterior Finish: Porcelain enameled steel, color to be selected by owner.

E. Cooking Exhaust : ADA Unit + Typical Unit: Range hood.

1. Size: 30 inches.

2. Fan: Two- speed, 270 cfm

3. Energy Star Certified

4. ADA Compliant

5. Exhaust: Round .

6. Features: Include cooktop light, removable grease filter, and remote switches.

7. Finish: Painted steel, color white.

8. Sones: 6 on high.

F. Microwave: Over-the-range.

1. Capacity: 1.7 cubic ft.

2. Power: 1000 watts.

3. Features: Include turntable, cooktop light, and 2-speed exhaust fan with auto-start heat sensor vent fan

4. Filters: Dishwasher safe grease filters, charcol filter

5. Exterior Finish: White.

G. Dishwasher, All Units (ADA Compliant): Undercounter.

1. Controls: Solid state electronic.

2. Wash Levels: Three (3).

3. Cycles: 3, including heavy, normal and light.

4. Features: Include rinse aid dispenser, optional no-heat dry, optional water temperature boost, adjustable upper rack, and adjustable lower rack.

5. Finish: Porcelain enameled steel, color white.

6. Interior: Plastic

7. Width: 24"

8. Rack Cover: PVC

9. Energy Star Certified

10. ADA Compliant

3.02 LAUNDRY APPLIANCES
A. Provide Equipment Eligible for Energy Star Rating: Energy Star Rated.

B. Clothes Washer, ADA: Front-loading.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 11 3013
11 3013 Residential Appliances
01-20-2026 Page 4 of 4

1. Controls: Rotary.

2. Basket: Stainless steel

3. Finish: Painted steel, color white.

4. Cycles: Include 8 for various fabrics and soils.

5. Motor Speed: Single-speed.

6. Capacity D.O.E.: 3.6 cubic feet minimum

7. Pedestal Option: Yes

8. Features: Include water heater, optional second rinse, bleach dispenser, fabric softener dispenser, and load sensing.

C. Clothes Dryer, ADA: Electric, stationary.

1. Capacity: 7.0 cubic feet minimum

2. Controls: Rotary, with electronic moisture-sensing dry control.

3. Temperature Selections: Four.

4. Cycles: Include normal, permanent press, knit/delicate, and air only.

5. Features: Include interior light, reversible door, stationary rack, sound insulation, and end of cycle signal.

6. Finish: Painted steel, color white.

7. Pedestal Option: Yes
PART 3 EXECUTION

4.01 EXAMINATION
A. Verify utility rough-ins are provided and correctly located.

B. Verify the work of all trades are complete and ready for installation of appliances

4.02 INSTALLATION
A. Install in accordance with manufacturer's instructions.

B. Anchor built-in equipment in place.

4.03 ADJUSTING
A. Adjust equipment to provide efficient operation.

4.04 CLEANING
A. Remove packing materials from equipment and from the site. Do not use resident waste collection containers to dispose of packaging.

B. Wash and clean equipment.

END OF SECTION 11 3013
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 12 2113
12 2113 Horizontal Louver Blinds
01-20-2026 Page 1 of 2
Section 12 2113
Horizontal Louver Blinds
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Horizontal slat louver blinds at all residential windows.

B. Operating hardware.

1.02 RELATED REQUIREMENTS
A. Section 12 2116 - Vertical Louver Blinds.

PART 2 PRODUCTS

2.01 BLINDS WITHOUT SIDE GUIDES
A. Description: Horizontal slat louvers hung from full-width headrail with full-width bottom rail.

B. Manual Operation: Control of raising and lowering by bottom rail (cordless) with full range locking; blade angle adjustable by control wand.

C. Slat Support: Woven polypropylene cord, ladder configuration.

D. Head Rail: Pre-finished, formed aluminum box, with end caps; internally fitted with hardware, pulleys, and bearings for operation; same depth as width of slats.

E. Bottom Rail: Pre-finished, formed aluminum; with end caps.

F. Control Wand: Extruded hollow plastic; hexagonal shape.

1. Non-removable type.

G. Headrail Attachment: Wall brackets.

PART 3 EXECUTION

3.01 EXAMINATION
A. Verify that openings are ready to receive the work.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 12 2113
12 2113 Horizontal Louver Blinds
01-20-2026 Page 2 of 2

3.02 INSTALLATION
A. Install blinds in accordance with manufacturer's instructions.

B. Secure in place with flush countersunk fasteners.

3.03 TOLERANCES
A. Maximum Variation of Gap at Window Opening Perimeter: 1/4 inch.

3.04 CLEANING
A. Clean blind surfaces just prior to occupancy.

END OF SECTION 12 2113
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 12 2116
12 2116 Vertical Louver Blinds
01-20-2026 Page 1 of 4
Section 12 2116
Vertical Louver Blinds
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Vertical louver blinds at all sliding doors and commercial windows and storefront doors..

1.02 RELATED REQUIREMENTS
A. Section 12 2113 - Horizontal Louver Blinds.

1.03 REFERENCE STANDARDS
A. WCMA A100.1 - Standard for Safety of Window Covering Products; 2022.

B. NFPA 701 - Standard Methods of Fire Tests for Flame Propagation of Textiles and Films; 2023, with Errata.

1.04 SUBMITTALS
A. See Section 01 3300 - Submittals, for submittal procedures.

B. Product Data: Manufacturer's data sheets on each product to be used, including:

1. Preparation instructions and recommendations.

2. Storage and handling requirements and recommendations.

3. Installation methods.

C. Certification: Provide certification that product complies with WCMA A100.1.

1.05 QUALITY ASSURANCE
A. Installer Qualifications: Company specializing in performing work of this type with minimum 3 years of documented experience.

PART 2 PRODUCTS

2.01 MANUFACTURERS
A. Vertical Louver Blinds (wand control type):

1. 3 Day Blinds; www.3dayblinds.com: Basis of Design

2. Hunter Douglas; -: www.hunterdouglas.com.

3. Levolor Contract; -: www.levolorcontract.com.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 12 2116
12 2116 Vertical Louver Blinds
01-20-2026 Page 2 of 4

2.02 BLINDS AND BLIND COMPONENTS
A. Vertical Louver Blinds: Horizontally traveling, vertical vane louver units with tracks, pivot and traversing mechanisms, and accessories:

1. Vanes: PVC vanes of the size indicated.

2. Operation: Manual.

3. Direction of Travel: Verify with Owner.

4. Mounting: Inside (between jambs).

5. Cord Operation: Braided nylon, continuous loop with restraining device; comply with WCMA A100.1.

B. Tracks: Channel tracks as required for type of operation, extruded aluminum with clear anodized finish, with end caps.

1. Dimensions: Manufacturer's standard, selected for suitability for installation conditions, span, and weight of vanes.

2. Vane Rotation: Chain driven direct rotation by activating tilt gear within end cap assembly in turn actuating tilt rod and worm-and-spur gears in carrier trucks.

3. Operating Components: Internally mounted heavy-duty extruded aluminum tilt rod, vane carriers, and other components required for proper performance and designed for smooth, quiet, trouble free operation.

4. Pivot Mechanism: Geared for synchronous 180 degrees rotation of vanes and type of operation indicated.

5. Vane Carriers: Metal carriers with ball-bearing wheels or thermoplastic trucks, equipped with linkages or other devices to ensure positive spacing of vanes.

C. PVC Vanes: Integrally colored, extruded PVC; flat, 2 inches (50mm) or 3-1/2 inches (80mm) wide.

1. Flammability: Comply with NFPA 701.

2. Color: Silk White.

3. Texture: Smooth.

D. Brackets and Mounting Hardware: As recommended by manufacturer for the mounting configuration and span indicated; provide manufacturer’s standard L- bracket with clip for outside mounting and clip only for inside mounting.

2.03 FABRICATION
A. Field measure finished openings prior to ordering or fabrication.

B. Fabricate blinds to fit openings within specified tolerances.

1. Vertical Dimensions: Fill openings from head to sill with 1/2 inch space between bottom of vanes and finish floor or sill.

2. Horizontal Dimensions - Inside Mounting: Fill openings from jamb to jamb.

C. Dimensional Tolerances: Fabricate blinds to within plus/minus 1/8 inch of intended dimensions.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 12 2116
12 2116 Vertical Louver Blinds
01-20-2026 Page 3 of 4
PART 3 EXECUTION

3.01 EXAMINATION
A. Do not start installation before openings are finished and all finishes have been completed; do not install until painting is completed.

B. Field measure finished openings prior to ordering or fabrication.

3.02 INSTALLATION
A. Install in accordance with manufacturer's instructions using mounting style as indicated.

B. Installation Tolerances:

1. Inside Mounting: Maximum space between vane and jamb when closed of 1/16 inch.

2. Maximum Offset From Level: 1/16 inch.

C. Adjust blinds for smooth operation.

D. Replace blinds that exceed specified dimensional tolerances at no extra cost to Owner.

3.03 CLEANING
A. Clean installed work to like-new condition.

END OF SECTION 12 2116
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 12 2116
12 2116 Vertical Louver Blinds
01-20-2026 Page 4 of 4
This page intentionally left blank
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 12 3600
12 3600 Countertops
01-20-2026 Page 1 of 4
Section 12 3600
Countertops
PART 1 GENERAL

1.01 SECTION INCLUDES
A. Countertops for architectural cabinet work.

1.02 DESCRIPTION OF WORK
A. Replacement of existing kitchen and restroom countertops over existing or new casework including caulk where new countertops abut wall.

1.03 RELATED REQUIREMENTS

1.04 REFERENCE STANDARDS
A. ASTM E84 - Standard Test Method for Surface Burning Characteristics of Building Materials; 2024.

B. California Green Building Code2013: Residential Mandatory Measures; Section 4.504 Pollution Control.

C. ISFA 2-01 - Classification and Standards for Solid Surfacing Material; 2013.

D. NEMA LD 3 - High-Pressure Decorative Laminates; 2005.

E. SCAQMD 1168 - South Coast Air Quality Management District Rule No.1168 Adhesive and Sealant Applications; current edition; www.aqmd.gov.

F. PS 1 - Structural Plywood; 2023.

1.05 SUBMITTALS
A. Product Data: Manufacturer's data sheets on each product to be used, including:

1. Preparation instructions and recommendations.

2. Storage and handling requirements and recommendations.

3. Specimen warranty.

B. Verification Samples: For each finish product specified, minimum size 3 inches square, representing actual product, color, and patterns.

C. Materials must be compliant with the VOC restrictions of California Green Building Standards Code, Section 4.504
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 12 3600
12 3600 Countertops
01-20-2026 Page 2 of 4

1. Adhesive, adhesive bonding primers, adhesive primer, sealants, sealant primers, and caulks shall comply with local or regional air pollution control or air quality management district rule where applicable or SQAQMD Rule 1168 VOC limits, as shown in Table

4.504.1 or 4.504.2, as applicable. Such products also shall comply with the Rule 1168 prohibition on the use of certain toxic compounds (chloroform, ethylene dichloride, methylene chloride, perchloroethylene and trichloroethylene), except for aerosol products, as specified in subsection 2 below.

2. Aerosol adhesives, and smaller unit sizes of adhesives, and sealant or caulking compounds (in units of product, less packaging, which do not weigh more than 1 pound and do not consist of more that 16 fluid ounces) shall comply with statewide VOC standards and other requirements, including prohibitions on use of certain toxic compounds, of California Code of Regulations, Title 17, commencing with Section 94507.

1.06 QUALITY ASSURANCE
A. A. Fabricator and Installer Qualifications: Minimum [2] years experience in work of this Section.

1.07 FIELD CONDITIONS
A. Maintain environmental conditions (temperature, humidity, and ventilation) within limits recommended by manufacturer for optimum results. Do not install products under environmental conditions outside manufacturer's absolute limits.

PART 2 PRODUCTS

2.01 COUNTERTOPS
A. Solid Surfacing Countertops: Solid surfacing sheet or plastic resin casting over continuous substrate.

1. Flat Sheet Thickness: 1/2 inch, minimum.

2. Solid Surfacing Sheet and Plastic Resin Castings: Complying with ISFA 2-01 and NEMA LD 3; acrylic or polyester resin, mineral filler, and pigments; homogenous, non-porous and capable of being worked and repaired using standard woodworking tools; no surface coating; color and pattern consistent throughout thickness. a. Finish on Exposed Surfaces: Matte, gloss rating of 5 to 20. b. Color and Pattern: As selected by Architect from manufacturer's standard line. c. Manufacturers:
1) LG Hi-Macs, Solid Surface: lghimacsusa.com

3. Other Components Thickness: 1/2 inch, minimum.

4. Counter Depth: 26 inch

5. Exposed Edge Treatment: Built up to minimum 1 inch thick net; eased edge.

6. Back and End Splashes: Same sheet material, square top; 4" high at bathrooms, 6" high at kitchen
Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 12 3600
12 3600 Countertops
01-20-2026 Page 3 of 4

2.02 ACCESSORY MATERIALS
A. Plywood for Supporting Substrate: PS 1 Exterior Grade, A-C veneer grade, minimum 5-ply; minimum 3/4 inch thick; join lengths using metal splines.

B. Adhesives: Chemical resistant waterproof adhesive as recommended by manufacturer of materials being joined.

C. Joint Sealant: Mildew-resistant silicone sealant, clear.

2.03 FABRICATION
A. Fabricate tops and splashes in the largest sections practicable, with top surface of joints flush.

1. Join lengths of tops using best method recommended by manufacturer.

2. Fabricate to overhang fronts and ends of cabinets 1 inch except where top butts against cabinet or wall.

3. Prepare all cutouts accurately to size; replace tops having improperly dimensioned or unnecessary cutouts or fixture holes.

B. Provide back/end splash wherever counter edge abuts vertical surface unless otherwise indicated.

1. Secure to countertop with concealed fasteners and with contact surfaces set in waterproof glue.

2. Height: 4 inches, unless otherwise indicated.

PART 3 EXECUTION

3.01 EXAMINATION
A. Do not begin installation until substrates have been properly prepared.

B. If substrate preparation is the responsibility of another installer, notify Architect of unsatisfactory preparation before proceeding.

C. Verify that wall surfaces have been finished and mechanical and electrical services and outlets are installed in proper locations.

3.02 PREPARATION
A. Clean surfaces thoroughly prior to installation.

B. Prepare surfaces using the methods recommended by the manufacturer for achieving the best result for the substrate under the project conditions.

C. Plumber to provide cut out templates and countertop fabricator to prepare cut out for sink, whether rim set or bottom mounted, as well as fixtures.

Job Name: Arneill Road Affordable Housing
Job Number: 1081-03-HS24 Section 12 3600
12 3600 Countertops
01-20-2026 Page 4 of 4

3.03 INSTALLATION
A. Securely attach countertops to cabinets using concealed fasteners. Make flat surfaces level; shim where required.

B. Seal joint between back/end splashes and vertical surfaces.

3.04 CLEANING
A. Clean countertops surfaces thoroughly.

3.05 PROTECTION
A. Protect installed products until completion of project.

B. Touch-up, repair or replace damaged products before Date of Substantial Completion.

END OF SECTION 12 3600
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
6(&7,21

+$1*(56$1'68332576)253/80%,1*3,3,1*$1'(48,30(17 3$57*(1(5$/ 
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJ

 6WHHOSLSHKDQJHUVDQGVXSSRUWV
 7UDSH]HSLSHKDQJHUV
 0HWDOIUDPLQJV\VWHPV
 7KHUPDOKDQJHUVKLHOGLQVHUWV
 )DVWHQHUV\VWHPV
 (TXLSPHQWVXSSRUWV
% 6HH'LYLVLRQ6HFWLRQ 0HWDO)DEULFDWLRQVIRUVWUXFWXUDOVWHHOVKDSHVDQGSODWHVIRUWUDSH]H KDQJHUVIRUSLSHDQGHTXLSPHQWVXSSRUWV
& 6HH 'LYLVLRQ 6HFWLRQ :DWHU%DVHG )LUH6XSSUHVVLRQ 6\VWHPV IRU SLSH KDQJHUV IRU ILUH VXSSUHVVLRQSLSLQJ
' 6HH'LYLVLRQ6HFWLRQ([SDQVLRQ)LWWLQJVDQG/RRSVIRU3OXPELQJ3LSLQJIRUSLSHJXLGHVDQG DQFKRUV
( 6HH 'LYLVLRQ6HFWLRQ 9LEUDWLRQ DQG6HLVPLF &RQWUROVIRU3OXPELQJ3LSLQJ DQG(TXLSPHQW IRUYLEUDWLRQLVRODWLRQGHYLFHV
 '(),1,7,216
$ 7HUPLQRORJ\
  $V GHILQHG LQ 06663
 *XLGHOLQHV RQ 7HUPLQRORJ\ IRU 3LSH +DQJHUV DQG 6XSSRUWV
 3(5)250$1&(5(48,5(0(176
$ 'HVLJQ VXSSRUWV IRU PXOWLSOH SLSHV FDSDEOH RI VXSSRUWLQJ FRPELQHG ZHLJKW RI VXSSRUWHG V\VWHPVV\VWHPFRQWHQWVDQGWHVWZDWHU
% 'HVLJQ HTXLSPHQW VXSSRUWV FDSDEOH RI VXSSRUWLQJ FRPELQHG RSHUDWLQJ ZHLJKW RI VXSSRUWHG HTXLSPHQWDQGFRQQHFWHGV\VWHPVDQGFRPSRQHQWV
& 'HVLJQ VHLVPLFUHVWUDLQW KDQJHUV DQG VXSSRUWV IRU SLSLQJ DQG HTXLSPHQWDQG REWDLQ DSSURYDO IURPDXWKRULWLHVKDYLQJMXULVGLFWLRQ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 68%0,77$/6
$ 3URGXFW'DWD
)RUWKHIROORZLQJ

 6WHHOSLSHKDQJHUVDQGVXSSRUWV
 7KHUPDOKDQJHUVKLHOGLQVHUWV
 3RZGHUDFWXDWHGIDVWHQHUV\VWHPV
% 6KRS 'UDZLQJV
 6KRZ IDEULFDWLRQ DQG LQVWDOODWLRQ GHWDLOV DQG LQFOXGH FDOFXODWLRQV IRU WKH

IROORZLQJ

 7UDSH]HSLSHKDQJHUV,QFOXGH3URGXFW'DWDIRUFRPSRQHQWV  0HWDOIUDPLQJV\VWHPV,QFOXGH3URGXFW'DWDIRUFRPSRQHQWV  (TXLSPHQWVXSSRUWV
& :HOGLQJFHUWLILFDWHV
 48$/,7<$6685$1&(
$ :HOGLQJ
  4XDOLI\ SURFHGXUHV DQG SHUVRQQHO DFFRUGLQJ WR $60( %RLOHU DQG 3UHVVXUH 9HVVHO &RGH
6HFWLRQ,;
3$57352'8&76
 0$18)$&785(56
$ ,Q RWKHU 3DUW DUWLFOHV ZKHUH WLWOHV EHORZ LQWURGXFH OLVWV WKH IROORZLQJ UHTXLUHPHQWV DSSO\ WR SURGXFWVHOHFWLRQ

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR PDQXIDFWXUHUVVSHFLILHG
 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH PDQXIDFWXUHUVVSHFLILHG
 67((/3,3(+$1*(56$1'68332576
$ 'HVFULSWLRQ
066637\SHVWKURXJKIDFWRU\IDEULFDWHGFRPSRQHQWV5HIHUWR3DUW +DQJHUDQG6XSSRUW$SSOLFDWLRQV$UWLFOHIRUZKHUHWRXVHVSHFLILFKDQJHUDQGVXSSRUWW\SHV % $YDLODEOH0DQXIDFWXUHUV

 $$$7HFKQRORJ\ 6SHFLDOWLHV&R,QF
 %HUJHQ3RZHU3LSH6XSSRUWV
 %/LQH6\VWHPV,QF
DGLYLVLRQRI&RRSHU,QGXVWULHV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 &DUSHQWHU 3DWHUVRQ,QF
 (PSLUH,QGXVWULHV,QF
 (5,&20LFKLJDQ+DQJHU&R
 *OREH3LSH+DQJHU3URGXFWV,QF
 *ULQQHOO&RUS

 *60HWDOV&RUS
 1DWLRQDO3LSH+DQJHU&RUSRUDWLRQ
 3+'0DQXIDFWXULQJ,QF
 3+6,QGXVWULHV,QF
 3LSLQJ7HFKQRORJ\ 3URGXFWV,QF
 7ROFR,QF
& *DOYDQL]HG0HWDOOLF&RDWLQJV
3UHJDOYDQL]HGRUKRWGLSSHG
' 1RQPHWDOOLF&RDWLQJV
3ODVWLFFRDWLQJMDFNHWRUOLQHU
( 3DGGHG+DQJHUV
+DQJHUZLWKILEHUJODVVRURWKHUSLSHLQVXODWLRQSDGRUFXVKLRQIRUVXSSRUWRI EHDULQJVXUIDFHRISLSLQJ
 75$3(=(3,3(+$1*(56
$ 'HVFULSWLRQ
06663
7\SH
VKRSRUILHOGIDEULFDWHGSLSHVXSSRUWDVVHPEO\PDGHIURP VWUXFWXUDOVWHHOVKDSHVZLWK06663KDQJHUURGVQXWVVDGGOHVDQG8EROWV  0(7$/)5$0,1*6<67(06
$ 'HVFULSWLRQ
0)0$VKRSRUILHOGIDEULFDWHGSLSHVXSSRUWDVVHPEO\PDGHRIVWHHOFKDQQHOV DQGRWKHUFRPSRQHQWV
% $YDLODEOH0DQXIDFWXUHUV

 %/LQH6\VWHPV,QF
DGLYLVLRQRI&RRSHU,QGXVWULHV
 (5,&20LFKLJDQ+DQJHU&R
(5,67587'LY
 *60HWDOV&RUS
 3RZHU6WUXW'LY
7\FR,QWHUQDWLRQDO/WG
 7KRPDV %HWWV&RUSRUDWLRQ
 7ROFR,QF
 8QLVWUXW&RUS
7\FR,QWHUQDWLRQDO/WG
& &RDWLQJV
0DQXIDFWXUHU
VVWDQGDUGILQLVKXQOHVVEDUHPHWDOVXUIDFHVDUHLQGLFDWHG ' 1RQPHWDOOLF&RDWLQJV
3ODVWLFFRDWLQJMDFNHWRUOLQHU
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 7+(50$/+$1*(56+,(/',16(576
$ 'HVFULSWLRQ
SVLJ

N3D
PLQLPXPFRPSUHVVLYHVWUHQJWKLQVXODWLRQLQVHUWHQFDVHGLQ VKHHWPHWDOVKLHOG
% 0DQXIDFWXUHUV

 &DUSHQWHU 3DWHUVRQ,QF
 (5,&20LFKLJDQ+DQJHU&R
 3+6,QGXVWULHV,QF
 3LSH6KLHOGV,QF
 5LOFR0DQXIDFWXULQJ&RPSDQ\,QF
 9DOXH(QJLQHHUHG3URGXFWV,QF
& ,QVXODWLRQ,QVHUW0DWHULDOIRU+RW3LSLQJ
:DWHUUHSHOOHQWWUHDWHG$670&7\SH,FDOFLXP
VLOLFDWH:DWHUUHSHOOHQW WUHDWHG $670& 7\SH, FDOFLXP VLOLFDWH RU $670& 7\SH,, FHOOXODUJODVV$670&7\SH,,FHOOXODUJODVV
' )RU7UDSH]HRU&ODPSHG6\VWHPV
,QVHUWDQGVKLHOGVKDOOFRYHUHQWLUHFLUFXPIHUHQFHRISLSH ( )RU&OHYLVRU%DQG+DQJHUV
,QVHUWDQGVKLHOGVKDOOFRYHUORZHUGHJUHHVRISLSH ) ,QVHUW/HQJWK
([WHQGLQFKHV
PP
EH\RQGVKHHWPHWDOVKLHOGIRUSLSLQJRSHUDWLQJEHORZ
DPELHQWDLUWHPSHUDWXUH
 )$67(1(56<67(06
$ 3RZGHU$FWXDWHG )DVWHQHUV
  7KUHDGHGVWHHO VWXG IRU XVH LQ KDUGHQHG SRUWODQG FHPHQW FRQFUHWH ZLWK SXOORXW WHQVLRQ DQG VKHDU FDSDFLWLHV DSSURSULDWH IRU VXSSRUWHG ORDGV DQG EXLOGLQJPDWHULDOVZKHUHXVHG
 0DQXIDFWXUHUV

D +LOWL,QF
E ,7:5DPVHW5HG+HDG
F 0DVWHUVHW)DVWHQLQJ6\VWHPV,QF
G 0.7)DVWHQLQJ//&
H 3RZHUV)DVWHQHUV
% 0HFKDQLFDO([SDQVLRQ $QFKRUV
  ,QVHUWZHGJHW\SH ]LQFFRDWHG VWHHO IRU XVH LQ KDUGHQHG SRUWODQGFHPHQWFRQFUHWHZLWKSXOORXWWHQVLRQDQGVKHDUFDSDFLWLHVDSSURSULDWHIRUVXSSRUWHG ORDGVDQGEXLOGLQJPDWHULDOVZKHUHXVHG
 0DQXIDFWXUHUV

D %/LQH6\VWHPV,QF
DGLYLVLRQRI&RRSHU,QGXVWULHV
E (PSLUH,QGXVWULHV,QF
F +LOWL,QF
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
G ,7:5DPVHW5HG+HDG
H 0.7)DVWHQLQJ//&
I 3RZHUV)DVWHQHUV
 (48,30(1768332576
$ 'HVFULSWLRQ
  :HOGHG VKRS RU ILHOGIDEULFDWHG HTXLSPHQW VXSSRUW PDGH IURP VWUXFWXUDOVWHHO VKDSHV
 0,6&(//$1(2860$7(5,$/6
$ 6WUXFWXUDO6WHHO
$670$$0VWHHOSODWHVVKDSHVDQGEDUV
EODFNDQGJDOYDQL]HG
% *URXW
  $670& IDFWRU\PL[HG DQG SDFNDJHG GU\ K\GUDXOLFFHPHQW QRQVKULQN DQG QRQPHWDOOLFJURXW
VXLWDEOHIRULQWHULRUDQGH[WHULRUDSSOLFDWLRQV
 3URSHUWLHV
1RQVWDLQLQJQRQFRUURVLYHDQGQRQJDVHRXV
 'HVLJQ0L[
SVL
03D
GD\FRPSUHVVLYHVWUHQJWK
3$57(;(&87,21
 +$1*(5$1'6833257$33/,&$7,216
$ 6SHFLILFKDQJHUDQG VXSSRUW UHTXLUHPHQWVDUH VSHFLILHGLQ6HFWLRQV VSHFLI\LQJ SLSLQJ V\VWHPV DQGHTXLSPHQW
% &RPSO\ ZLWK06663
IRU SLSH KDQJHU VHOHFWLRQV DQG DSSOLFDWLRQVWKDW DUH QRW VSHFLILHG LQ SLSLQJV\VWHP6HFWLRQV
& 8VHKDQJHUVDQGVXSSRUWVZLWKJDOYDQL]HGPHWDOOLFFRDWLQJVIRUSLSLQJDQGHTXLSPHQWWKDWZLOO QRWKDYHILHOGDSSOLHGILQLVK
' 8VH QRQPHWDOOLF FRDWLQJV RQ DWWDFKPHQWV IRU HOHFWURO\WLF SURWHFWLRQ ZKHUH DWWDFKPHQWV DUH LQ GLUHFWFRQWDFWZLWKFRSSHUWXELQJ
( 8VHSDGGHGKDQJHUVIRUSLSLQJWKDWLVVXEMHFWWRVFUDWFKLQJ ) +RUL]RQWDO3LSLQJ+DQJHUVDQG6XSSRUWV
8QOHVVRWKHUZLVHLQGLFDWHGDQGH[FHSWDVVSHFLILHGLQ SLSLQJV\VWHP6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 $GMXVWDEOH 6WHHO &OHYLV +DQJHUV
066 7\SH

  )RU VXVSHQVLRQ RI QRQLQVXODWHG RU
LQVXODWHGVWDWLRQDU\SLSHV136WR136
'1WR'1

 <RNH7\SH3LSH&ODPSV
0667\SH

)RUVXVSHQVLRQRIWRGHJ)

WR
GHJ&
SLSHV136WR136
'1WR'1
 UHTXLULQJXSWRLQFKHV
PP

RILQVXODWLRQ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 &DUERQ RU $OOR\6WHHO 'RXEOH%ROW 3LSH &ODPSV 066 7\SH

  )RU VXVSHQVLRQ RI
SLSHV 136 WR 136
'1 WR '1
 UHTXLULQJ FODPS IOH[LELOLW\ DQG XS WR 
LQFKHV
PP
RILQVXODWLRQ
 $GMXVWDEOH 6WHHO %DQG +DQJHUV
066 7\SH

  )RU VXVSHQVLRQ RI QRQLQVXODWHG
VWDWLRQDU\SLSHV136WR136
'1WR'1

 8%ROWV
066 7\SH

  )RU VXSSRUW RI KHDY\ SLSHV 136 WR 136 '1 WR
'1

 3LSH6DGGOH6XSSRUWV
0667\SH

)RUVXSSRUWRISLSHV136WR136
'1
WR'1

ZLWKVWHHOSLSHEDVHVWDQFKLRQVXSSRUWDQGFDVWLURQIORRUIODQJH  6LQJOH3LSH5ROOV
0667\SH

)RUVXVSHQVLRQRISLSHV136WR136
'1WR
'1
 IURP  URGV LI ORQJLWXGLQDO PRYHPHQW FDXVHG E\ H[SDQVLRQ DQG FRQWUDFWLRQ PLJKWRFFXU
 &RPSOHWH3LSH5ROOV
0667\SH

)RUVXSSRUWRISLSHV136WR136
'1WR
'1
LIORQJLWXGLQDOPRYHPHQWFDXVHGE\H[SDQVLRQDQGFRQWUDFWLRQPLJKWRFFXUEXW YHUWLFDODGMXVWPHQWLVQRWQHFHVVDU\
* 9HUWLFDO3LSLQJ &ODPSV
 8QOHVV RWKHUZLVH LQGLFDWHG DQG H[FHSW DV VSHFLILHG LQ SLSLQJ V\VWHP 6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 ([WHQVLRQ3LSH RU 5LVHU &ODPSV
0667\SH

)RU VXSSRUW RI SLSH ULVHUV136WR
136
'1WR'1

 &DUERQRU$OOR\6WHHO5LVHU&ODPSV
0667\SH

)RUVXSSRUWRISLSHULVHUV136
WR136
'1WR'1
LIORQJHUHQGVDUHUHTXLUHGIRUULVHUFODPSV
+ +DQJHU5RG$WWDFKPHQWV
8QOHVVRWKHUZLVHLQGLFDWHGDQGH[FHSWDVVSHFLILHGLQSLSLQJV\VWHP 6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 6WHHO7XUQEXFNOHV
0667\SH

)RU DGMXVWPHQW XSWR LQFKHV
PP
IRU KHDY\
ORDGV
 6WHHO &OHYLVHV
066 7\SH

  )RU  WR  GHJ)

 WR  GHJ&
 SLSLQJ
LQVWDOODWLRQV
, %XLOGLQJ $WWDFKPHQWV
  8QOHVV RWKHUZLVH LQGLFDWHG DQG H[FHSW DV VSHFLILHG LQ SLSLQJ V\VWHP 6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 6WHHO RU0DOOHDEOH &RQFUHWH,QVHUWV
0667\SH

 )RU XSSHU DWWDFKPHQWWR VXVSHQG
SLSHKDQJHUVIURPFRQFUHWHFHLOLQJ
 7RS%HDP &&ODPSV
066 7\SH

  )RU XVH XQGHU URRI LQVWDOODWLRQV ZLWK EDUMRLVW FRQVWUXFWLRQWRDWWDFKWRWRSIODQJHRIVWUXFWXUDOVKDSH  6LGH%HDPRU&KDQQHO&ODPSV
0667\SH

)RUDWWDFKLQJWRERWWRPIODQJHRIEHDPV
FKDQQHOVRUDQJOHV
 &HQWHU%HDP&ODPSV
0667\SH

)RUDWWDFKLQJWRFHQWHURIERWWRPIODQJHRIEHDPV
 :HOGHG%HDP$WWDFKPHQWV
0667\SH

)RU DWWDFKLQJWR ERWWRP RI EHDPV LI ORDGV
DUHFRQVLGHUDEOHDQGURGVL]HVDUHODUJH
 &&ODPSV
0667\SH

)RUVWUXFWXUDOVKDSHV
 :HOGHG6WHHO%UDFNHWV
)RUVXSSRUWRISLSHVIURPEHORZRUIRUVXVSHQGLQJIURPDERYH E\XVLQJFOLSDQGURG8VHRQHRIWKHIROORZLQJIRULQGLFDWHGORDGV 
D /LJKW
0667\SH

OE
NJ

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
E 0HGLXP
0667\SH

OE
NJ

F +HDY\
0667\SH

OE
NJ

 6LGH%HDP%UDFNHWV
0667\SH

)RUVLGHVRIVWHHORUZRRGHQEHDPV

 3ODWH/XJV
0667\SH

)RUDWWDFKLQJWRVWHHOEHDPVLIIOH[LELOLW\DWEHDPLVUHTXLUHG - 6DGGOHV DQG 6KLHOGV
  8QOHVV RWKHUZLVH LQGLFDWHG DQG H[FHSW DV VSHFLILHG LQ SLSLQJ V\VWHP 6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 6WHHO 3LSH&RYHULQJ 3URWHFWLRQ 6DGGOHV
066 7\SH

  7R ILOO LQWHULRU YRLGV ZLWK
LQVXODWLRQWKDWPDWFKHVDGMRLQLQJLQVXODWLRQ
 3URWHFWLRQ6KLHOGV
0667\SH

2IOHQJWKUHFRPPHQGHGLQZULWLQJE\PDQXIDFWXUHUWR
SUHYHQWFUXVKLQJLQVXODWLRQ
 7KHUPDO+DQJHU6KLHOG,QVHUWV
)RUVXSSRUWLQJLQVXODWHGSLSH
. 6SULQJ +DQJHUV DQG 6XSSRUWV
  8QOHVV RWKHUZLVH LQGLFDWHG DQG H[FHSW DV VSHFLILHG LQ SLSLQJ V\VWHP6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 6SULQJ&XVKLRQV
0667\SH

)RUOLJKWORDGVLIYHUWLFDOPRYHPHQWGRHVQRWH[FHHG LQFKHV
PP

 6SULQJ&XVKLRQ 5ROO +DQJHUV
066 7\SH

  )RU HTXLSSLQJ 7\SH UROO KDQJHU ZLWK
VSULQJV
 9DULDEOH6SULQJ %DVH 6XSSRUWV
066 7\SH

  3UHVHW WR LQGLFDWHG ORDG DQG OLPLW
YDULDELOLW\IDFWRUWRSHUFHQWWRDEVRUEH[SDQVLRQDQGFRQWUDFWLRQRISLSLQJV\VWHPIURP EDVHVXSSRUW
/ &RPSO\ ZLWK 06663
 IRU WUDSH]H SLSH KDQJHU VHOHFWLRQV DQG DSSOLFDWLRQV WKDW DUH QRW VSHFLILHGLQSLSLQJV\VWHP6HFWLRQV
0 &RPSO\ ZLWK 0)0$ IRU PHWDO IUDPLQJ V\VWHP VHOHFWLRQV DQG DSSOLFDWLRQV WKDW DUH QRW VSHFLILHGLQSLSLQJV\VWHP6HFWLRQV
1 8VH SRZGHUDFWXDWHG IDVWHQHUV RU PHFKDQLFDOH[SDQVLRQ DQFKRUV LQVWHDG RI EXLOGLQJ DWWDFKPHQWVZKHUHUHTXLUHGLQFRQFUHWHFRQVWUXFWLRQ
 +$1*(5$1'6833257,167$//$7,21
$ 6WHHO 3LSH +DQJHU ,QVWDOODWLRQ
  &RPSO\ ZLWK 06663
 DQG 06663
  ,QVWDOO KDQJHUV
VXSSRUWV FODPSV DQG DWWDFKPHQWV DV UHTXLUHG WR SURSHUO\ VXSSRUW SLSLQJ IURP EXLOGLQJ VWUXFWXUH
% 7UDSH]H 3LSH +DQJHU ,QVWDOODWLRQ
  &RPSO\ ZLWK 06663
 DQG 06663
  $UUDQJH IRU
JURXSLQJ RI SDUDOOHO UXQV RI KRUL]RQWDO SLSLQJ DQG VXSSRUW WRJHWKHU RQ ILHOGIDEULFDWHG WUDSH]H SLSHKDQJHUV
 3LSHVRI9DULRXV6L]HV
6XSSRUWWRJHWKHUDQG VSDFHWUDSH]HVIRU VPDOOHVW SLSH VL]HRU LQVWDOOLQWHUPHGLDWHVXSSRUWVIRUVPDOOHUGLDPHWHUSLSHVDVVSHFLILHGDERYHIRULQGLYLGXDO SLSHKDQJHUV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 )LHOGIDEULFDWHIURP$670$$0VWHHOVKDSHVVHOHFWHGIRUORDGVEHLQJVXSSRUWHG :HOGVWHHODFFRUGLQJWR$:6'
& 0HWDO)UDPLQJ6\VWHP,QVWDOODWLRQ
$UUDQJHIRUJURXSLQJRISDUDOOHOUXQVRISLSLQJDQGVXSSRUW WRJHWKHURQILHOGDVVHPEOHGPHWDOIUDPLQJV\VWHPV
' 7KHUPDO+DQJHU6KLHOG,QVWDOODWLRQ
,QVWDOOLQSLSHKDQJHURUVKLHOGIRULQVXODWHGSLSLQJ ( )DVWHQHU6\VWHP,QVWDOODWLRQ

 ,QVWDOO SRZGHUDFWXDWHG IDVWHQHUV LQ FRQFUHWH DIWHU FRQFUHWH LV SODFHG DQG FRPSOHWHO\ FXUHG  8VH RSHUDWRUV WKDW DUH OLFHQVHG E\ SRZGHUDFWXDWHG WRRO PDQXIDFWXUHU  ,QVWDOO IDVWHQHUVDFFRUGLQJWRSRZGHUDFWXDWHGWRROPDQXIDFWXUHU VRSHUDWLQJPDQXDO
 ,QVWDOOPHFKDQLFDOH[SDQVLRQDQFKRUVLQFRQFUHWHDIWHUFRQFUHWHLVSODFHGDQGFRPSOHWHO\ FXUHG,QVWDOOIDVWHQHUVDFFRUGLQJWRPDQXIDFWXUHU
VZULWWHQLQVWUXFWLRQV
) ,QVWDOO KDQJHUVDQG VXSSRUWV FRPSOHWHZLWKQHFHVVDU\LQVHUWV EROWV URGVQXWVZDVKHUVDQG RWKHUDFFHVVRULHV
* (TXLSPHQW6XSSRUW,QVWDOODWLRQ
)DEULFDWHIURPZHOGHGVWUXFWXUDOVWHHOVKDSHV
+ ,QVWDOO KDQJHUV DQG VXSSRUWV WR DOORZ FRQWUROOHG WKHUPDO DQG VHLVPLF PRYHPHQW RI SLSLQJ V\VWHPV WR SHUPLW IUHHGRP RI PRYHPHQW EHWZHHQ SLSH DQFKRUV DQG WR IDFLOLWDWH DFWLRQ RI H[SDQVLRQMRLQWVH[SDQVLRQORRSVH[SDQVLRQEHQGVDQGVLPLODUXQLWV , ,QVWDOOODWHUDOEUDFLQJZLWKSLSHKDQJHUVDQGVXSSRUWVWRSUHYHQWVZD\LQJ - ,QVWDOOEXLOGLQJDWWDFKPHQWVZLWKLQFRQFUHWHVODEVRUDWWDFKWRVWUXFWXUDOVWHHO,QVWDOODGGLWLRQDO DWWDFKPHQWVDWFRQFHQWUDWHGORDGVLQFOXGLQJYDOYHVIODQJHVDQGVWUDLQHUV136 '1

DQG ODUJHU DQG DW FKDQJHV LQ GLUHFWLRQ RI SLSLQJ  ,QVWDOO FRQFUHWH LQVHUWV EHIRUH FRQFUHWH LV SODFHG
IDVWHQLQVHUWVWRIRUPVDQGLQVWDOOUHLQIRUFLQJEDUVWKURXJKRSHQLQJVDWWRSRILQVHUWV . /RDG'LVWULEXWLRQ
,QVWDOOKDQJHUVDQGVXSSRUWVVRSLSLQJOLYHDQGGHDGORDGVDQGVWUHVVHVIURP PRYHPHQWZLOOQRWEHWUDQVPLWWHGWRFRQQHFWHGHTXLSPHQW / 3LSH6ORSHV
,QVWDOO KDQJHUVDQG VXSSRUWVWRSURYLGHLQGLFDWHGSLSH VORSHV DQG VRPD[LPXP SLSHGHIOHFWLRQVDOORZHGE\$60(%

IRUEXLOGLQJVHUYLFHVSLSLQJ
DUHQRWH[FHHGHG
0 ,QVXODWHG3LSLQJ
&RPSO\ZLWKWKHIROORZLQJ

 $WWDFKFODPSVDQGVSDFHUVWRSLSLQJ
D 3LSLQJ 2SHUDWLQJ DERYH $PELHQW $LU 7HPSHUDWXUH   &ODPS PD\ SURMHFW WKURXJK
LQVXODWLRQ
E 3LSLQJ 2SHUDWLQJ EHORZ $PELHQW $LU 7HPSHUDWXUH   8VH WKHUPDOKDQJHU VKLHOG
LQVHUWZLWKFODPSVL]HGWRPDWFK2'RILQVHUW
F 'R QRW H[FHHG SLSH VWUHVV OLPLWV DFFRUGLQJ WR $60(%  IRU EXLOGLQJ VHUYLFHV
SLSLQJ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJH
RI
 ,QVWDOO 06663 7\SH
 SURWHFWLRQ VDGGOHV LI LQVXODWLRQ ZLWKRXW YDSRU EDUULHU LV LQGLFDWHG)LOOLQWHULRUYRLGVZLWKLQVXODWLRQWKDWPDWFKHVDGMRLQLQJLQVXODWLRQ  ,QVWDOO066637\SHSURWHFWLYHVKLHOGVRQFROGSLSLQJZLWKYDSRUEDUULHU6KLHOGV VKDOOVSDQDQDUFRIGHJUHHV
 6KLHOG'LPHQVLRQVIRU3LSH
1RWOHVVWKDQWKHIROORZLQJ

D 136WR136
'1WR'1


LQFKHV
PP
ORQJDQGLQFK

PP
WKLFN
E 136
'1

LQFKHV
PP
ORQJDQGLQFK
PP
WKLFN
F 136DQG136
'1DQG'1

LQFKHV
PP
ORQJDQGLQFK

PP
WKLFN
G 136WR136
'1WR'1

LQFKHV
PP
ORQJDQGLQFK


PP
WKLFN
H 136WR136
'1WR'1

LQFKHV
PP
ORQJDQGLQFK

PP
WKLFN
 3LSHV136
'1
DQG/DUJHU
,QFOXGHZRRGLQVHUWV
 ,QVHUW0DWHULDO
/HQJWKDWOHDVWDVORQJDVSURWHFWLYHVKLHOG
 7KHUPDO+DQJHU6KLHOGV
,QVWDOOZLWKLQVXODWLRQVDPHWKLFNQHVVDVSLSLQJLQVXODWLRQ  (48,30(1768332576
$ )DEULFDWH VWUXFWXUDOVWHHO VWDQGVWR VXVSHQG HTXLSPHQWIURP VWUXFWXUH RYHUKHDG RUWR VXSSRUW HTXLSPHQWDERYHIORRU
% *URXWLQJ
3ODFHJURXWXQGHUVXSSRUWVIRUHTXLSPHQWDQGPDNHVPRRWKEHDULQJVXUIDFH & 3URYLGHODWHUDOEUDFLQJWRSUHYHQWVZD\LQJIRUHTXLSPHQWVXSSRUWV  0(7$/)$%5,&$7,216
$ &XW GULOO DQG ILW PLVFHOODQHRXV PHWDO IDEULFDWLRQV IRU WUDSH]H SLSH KDQJHUV DQG HTXLSPHQW VXSSRUWV
% )LWH[SRVHGFRQQHFWLRQVWRJHWKHUWRIRUPKDLUOLQHMRLQWV)LHOGZHOGFRQQHFWLRQVWKDWFDQQRWEH VKRSZHOGHGEHFDXVHRIVKLSSLQJVL]HOLPLWDWLRQV
& )LHOG:HOGLQJ
&RPSO\ZLWK$:6'SURFHGXUHVIRUVKLHOGHGPHWDODUFZHOGLQJDSSHDUDQFH DQGTXDOLW\RIZHOGVDQGPHWKRGVXVHGLQFRUUHFWLQJZHOGLQJZRUNDQGZLWKWKHIROORZLQJ 
 8VHPDWHULDOVDQGPHWKRGVWKDWPLQLPL]HGLVWRUWLRQDQGGHYHORSVWUHQJWKDQGFRUURVLRQ UHVLVWDQFHRIEDVHPHWDOV
 2EWDLQIXVLRQZLWKRXWXQGHUFXWRURYHUODS
 5HPRYHZHOGLQJIOX[LPPHGLDWHO\
 )LQLVKZHOGVDWH[SRVHGFRQQHFWLRQVVRQRURXJKQHVVVKRZVDIWHUILQLVKLQJDQGFRQWRXUV RIZHOGHGVXUIDFHVPDWFKDGMDFHQWFRQWRXUV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 $'-867,1*
$ +DQJHU$GMXVWPHQWV
$GMXVWKDQJHUVWRGLVWULEXWHORDGVHTXDOO\RQDWWDFKPHQWVDQGWRDFKLHYH LQGLFDWHGVORSHRISLSH
 3$,17,1*
$ 7RXFK 8S
  &OHDQ ILHOG ZHOGV DQG DEUDGHG DUHDV RI VKRS SDLQW  3DLQW H[SRVHG DUHDV LPPHGLDWHO\ DIWHU HUHFWLQJ KDQJHUV DQG VXSSRUWV  8VH VDPH PDWHULDOV DV XVHG IRU VKRS SDLQWLQJ&RPSO\ZLWK663&3$UHTXLUHPHQWVIRUWRXFKLQJXSILHOGSDLQWHGVXUIDFHV  $SSO\ SDLQW E\ EUXVK RU VSUD\ WR SURYLGH PLQLPXP GU\ ILOP WKLFNQHVV RI  PLOV 
PP

% *DOYDQL]HG 6XUIDFHV
  &OHDQ ZHOGV EROWHG FRQQHFWLRQV DQG DEUDGHG DUHDV DQG DSSO\ JDOYDQL]LQJUHSDLUSDLQWWRFRPSO\ZLWK$670$
(1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

6(&7,21
3/80%,1*,168/$7,21
3$57*(1(5$/
 6800$5<
$ 6HFWLRQ,QFOXGHV

 ,QVXODWLRQ0DWHULDOV

D &HOOXODUJODVV
E )OH[LEOHHODVWRPHULF
F 0LQHUDOILEHU
G 3RO\ROHILQ
H 3RO\VW\UHQH
 ,QVXODWLQJFHPHQWV
 $GKHVLYHV
 0DVWLFV
 6HDODQWV
 )DFWRU\DSSOLHGMDFNHWV
 )LHOGDSSOLHGIDEULFUHLQIRUFLQJPHVK
 )LHOGDSSOLHGMDFNHWV

 7DSHV
 6HFXUHPHQWV
 &RUQHUDQJOHV
% 5HODWHG6HFWLRQVLQFOXGHWKHIROORZLQJ

 'LYLVLRQ6HFWLRQ)LUH6XSSUHVVLRQ6\VWHPV,QVXODWLRQ  'LYLVLRQ6HFWLRQ+9$&,QVXODWLRQ
 68%0,77$/6
$ 3URGXFW'DWD
)RUHDFKW\SHRISURGXFWLQGLFDWHG
% 6KRS'UDZLQJV

 'HWDLODSSOLFDWLRQRISURWHFWLYHVKLHOGVVDGGOHVDQGLQVHUWVDWKDQJHUVIRUHDFKW\SHRI LQVXODWLRQDQGKDQJHU
 'HWDLODWWDFKPHQWDQGFRYHULQJRIKHDWWUDFLQJLQVLGHLQVXODWLRQ -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 'HWDLOLQVXODWLRQDSSOLFDWLRQDWSLSHH[SDQVLRQMRLQWVIRUHDFKW\SHRILQVXODWLRQ  'HWDLO LQVXODWLRQ DSSOLFDWLRQ DW HOERZVILWWLQJVIODQJHV YDOYHV DQG VSHFLDOWLHVIRU HDFK W\SHRILQVXODWLRQ
 'HWDLO UHPRYDEOH LQVXODWLRQ DW SLSLQJ VSHFLDOWLHV HTXLSPHQW FRQQHFWLRQV DQG DFFHVV SDQHOV
 'HWDLODSSOLFDWLRQRIILHOGDSSOLHGMDFNHWV
 'HWDLODSSOLFDWLRQDWOLQNDJHVRIFRQWUROGHYLFHV  'HWDLOILHOGDSSOLFDWLRQIRUHDFKHTXLSPHQWW\SH
& )LHOGTXDOLW\FRQWUROUHSRUWV
 48$/,7<$6685$1&(
$ )LUH7HVW5HVSRQVH &KDUDFWHULVWLFV
  ,QVXODWLRQ DQG UHODWHG PDWHULDOV VKDOO KDYH ILUHWHVW UHVSRQVHFKDUDFWHULVWLFVLQGLFDWHGDVGHWHUPLQHGE\WHVWLQJLGHQWLFDOSURGXFWVSHU$670( E\DWHVWLQJDQGLQVSHFWLQJDJHQF\DFFHSWDEOHWRDXWKRULWLHVKDYLQJMXULVGLFWLRQ)DFWRU\ODEHO LQVXODWLRQ DQG MDFNHW PDWHULDOV DQG DGKHVLYH PDVWLF WDSHV DQG FHPHQW PDWHULDO FRQWDLQHUV ZLWKDSSURSULDWHPDUNLQJVRIDSSOLFDEOHWHVWLQJDQGLQVSHFWLQJDJHQF\  ,QVXODWLRQ ,QVWDOOHG ,QGRRUV
  )ODPHVSUHDG LQGH[ RI  RU OHVV DQG VPRNHGHYHORSHG LQGH[RIRUOHVV
 ,QVXODWLRQ,QVWDOOHG2XWGRRUV
)ODPHVSUHDGLQGH[RIRUOHVVDQG VPRNHGHYHORSHG LQGH[RIRUOHVV
3$57352'8&76
 ,168/$7,210$7(5,$/6
$ &RPSO\ ZLWK UHTXLUHPHQWV LQ 3DUW VFKHGXOH DUWLFOHV IRU ZKHUH LQVXODWLQJ PDWHULDOV VKDOO EH DSSOLHG
% 3URGXFWVVKDOOQRWFRQWDLQDVEHVWRVOHDGPHUFXU\RUPHUFXU\FRPSRXQGV & 3URGXFWVWKDWFRPHLQFRQWDFWZLWKVWDLQOHVVVWHHOVKDOOKDYHDOHDFKDEOHFKORULGHFRQWHQWRIOHVV WKDQSSPZKHQWHVWHGDFFRUGLQJWR$670&
' ,QVXODWLRQ PDWHULDOV IRU XVH RQ DXVWHQLWLF VWDLQOHVV VWHHO VKDOO EH TXDOLILHG DV DFFHSWDEOH DFFRUGLQJWR$670&

( )RDP LQVXODWLRQ PDWHULDOV VKDOO QRW XVH &)& RU +&)& EORZLQJ DJHQWV LQ WKH PDQXIDFWXULQJ SURFHVV
) &HOOXODU *ODVV
  ,QRUJDQLF LQFRPEXVWLEOH IRDPHG RU FHOOXODWHG JODVV ZLWK DQQHDOHG ULJLG KHUPHWLFDOO\VHDOHGFHOOV)DFWRU\DSSOLHGMDFNHWUHTXLUHPHQWVDUHVSHFLILHGLQ)DFWRU\$SSOLHG -DFNHWV$UWLFOH
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &HOO8)RDP&RUSRUDWLRQ
8OWUD&8)
E 3LWWVEXUJK&RUQLQJ&RUSRUDWLRQ
)RDPJODV6XSHU.
 %ORFN,QVXODWLRQ
$670&7\SH,
 6SHFLDO6KDSHG,QVXODWLRQ
$670&7\SH,,,
 %RDUG,QVXODWLRQ
$670&7\SH,9
 3UHIRUPHG3LSH,QVXODWLRQZLWKRXW-DFNHW
&RPSO\ZLWK$670&7\SH,,&ODVV
 3UHIRUPHG 3LSH ,QVXODWLRQ ZLWK )DFWRU\$SSOLHG >$6-@ >$6-66/@   &RPSO\ ZLWK
$670&7\SH,,&ODVV
 )DFWRU\IDEULFDWHVKDSHVDFFRUGLQJWR$670&DQG$670& * )OH[LEOH (ODVWRPHULF
  &ORVHGFHOO VSRQJH RU H[SDQGHGUXEEHU PDWHULDOV  &RPSO\ ZLWK $670&7\SH,IRUWXEXODUPDWHULDOVDQG7\SH,,IRUVKHHWPDWHULDOV  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D $HURIOH[86$,QF
$HURFHO
E $UPDFHOO//&
$3$UPDIOH[
F 5%;&RUSRUDWLRQ
,QVXO6KHHWDQG,QVXO7XEH
+ +LJK7HPSHUDWXUH 0LQHUDO)LEHU %ODQNHW ,QVXODWLRQ   0LQHUDO RU JODVV ILEHUV ERQGHG ZLWK D
WKHUPRVHWWLQJUHVLQ&RPSO\ZLWK$670&7\SH9ZLWKRXWIDFWRU\DSSOLHGMDFNHW  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D -RKQV0DQYLOOH
+7%6SLQ*ODV
E 2ZHQV&RUQLQJ
+LJK7HPSHUDWXUH)OH[LEOH%DWW,QVXODWLRQV
, +LJK7HPSHUDWXUH 0LQHUDO)LEHU %RDUG ,QVXODWLRQ   0LQHUDO RU JODVV ILEHUV ERQGHG ZLWK D
WKHUPRVHWWLQJUHVLQ&RPSO\ZLWK$670&7\SH,,,ZLWKRXWIDFWRU\DSSOLHGMDFNHW  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D )LEUH[,QVXODWLRQV,QF
)%;
E -RKQV0DQYLOOH
6HULHV6SLQ*ODV
F 2ZHQV&RUQLQJ
+LJK7HPSHUDWXUH,QGXVWULDO%RDUG,QVXODWLRQV
G 5RFN:RRO0DQXIDFWXULQJ&RPSDQ\
'HOWD%RDUG
H 5R[XO,QF
5R[XO5:
I 7KHUPDILEHU
7KHUPDILEHU,QGXVWULDO)HOW
- 0LQHUDO)LEHU3UHIRUPHG3LSH,QVXODWLRQ

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D )LEUH[,QVXODWLRQV,QF
&RUHSOXV
E -RKQV0DQYLOOH
0LFUR/RN
F .QDXI,QVXODWLRQ
3LSH,QVXODWLRQ
G 0DQVRQ,QVXODWLRQ,QF
$OOH\.
H 2ZHQV&RUQLQJ
)LEHUJODV3LSH,QVXODWLRQ
 7\SH,  GHJ)
 GHJ&
 0DWHULDOV
  0LQHUDO RU JODVV ILEHUV ERQGHG ZLWK D
WKHUPRVHWWLQJ UHVLQ  &RPSO\ ZLWK $670& 7\SH, *UDGH$ ZLWK IDFWRU\DSSOLHG $6-  )DFWRU\DSSOLHG MDFNHW UHTXLUHPHQWV DUH VSHFLILHG LQ )DFWRU\$SSOLHG -DFNHWV $UWLFOH
. 0LQHUDO)LEHU3LSH DQG7DQN,QVXODWLRQ
0LQHUDO RU JODVVILEHUV ERQGHG ZLWK DWKHUPRVHWWLQJ UHVLQ  6HPLULJLG ERDUG PDWHULDO ZLWK IDFWRU\DSSOLHG MDFNHW FRPSO\LQJ ZLWK $670& 
7\SH,, RU 7\SH,,,$ &DWHJRU\ RU ZLWK SURSHUWLHV VLPLODU WR$670& 7\SH,%  1RPLQDO GHQVLW\LVOEFXIW
NJFXP
RUPRUH7KHUPDOFRQGXFWLYLW\
NYDOXH
DWGHJ)

GHJ&
 LV 
 %WX [ LQK [ VT IW [ GHJ)
 :P [ .
 RU OHVV  )DFWRU\DSSOLHG MDFNHW
UHTXLUHPHQWVDUHVSHFLILHGLQ)DFWRU\$SSOLHG-DFNHWV$UWLFOH  3URGXFWV
6XEMHFWWR FRPSOLDQFHZLWK UHTXLUHPHQWVSURGXFWVWKDWPD\EHLQFRUSRUDWHG LQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &HUWDLQ7HHG&RUS
&ULPS:UDS
E -RKQV0DQYLOOH
0LFUR)OH[
F .QDXI,QVXODWLRQ
3LSHDQG7DQN,QVXODWLRQ
G 0DQVRQ,QVXODWLRQ,QF
$.)OH[
H 2ZHQV&RUQLQJ
)LEHUJODV3LSHDQG7DQN,QVXODWLRQ
/ 3RO\ROHILQ
  8QLFHOOXODU SRO\HWK\OHQH WKHUPDO SODVWLF LQVXODWLRQ  &RPSO\ ZLWK $670& RU $670&7\SH,*UDGHIRUWXEXODUPDWHULDOVDQG7\SH,,*UDGHIRUVKHHWPDWHULDOV  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D $UPDFHOO//&
7XEROLW
E 1RPDFR,QF
,0&2/2&.,0&26+((7120$/2&.DQG120$3/<
F 5%;&RUSRUDWLRQ
7KHUPDFHOO
0 3RO\VW\UHQH
  5LJLG H[WUXGHG FHOOXODU SRO\VW\UHQH LQWHQGHG IRU XVH DV WKHUPDO LQVXODWLRQ &RPSO\ZLWK$670&7\SH,9RU7\SH;,,,H[FHSWWKHUPDOFRQGXFWLYLW\ NYDOXH
VKDOOQRW
H[FHHG %WX [LQK [ VTIW [GHJ)
:P [.
 DIWHU GD\VRIDJLQJ)DEULFDWH
VKDSHVDFFRUGLQJWR$670&DQG$670&
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 'RZ&KHPLFDO&RPSDQ\
7KH

6W\URIRDP
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
E .QDXI,QVXODWLRQ
.QDXI3RO\VW\UHQH
 $'+(6,9(6
$ 0DWHULDOVVKDOOEHFRPSDWLEOHZLWKLQVXODWLRQPDWHULDOVMDFNHWVDQGVXEVWUDWHVDQGIRUERQGLQJ LQVXODWLRQWRLWVHOIDQGWRVXUIDFHVWREHLQVXODWHGXQOHVVRWKHUZLVHLQGLFDWHG % &HOOXODU*ODVV3RO\VW\UHQH$GKHVLYH
6ROYHQWEDVHGUHVLQDGKHVLYHZLWKDVHUYLFHWHPSHUDWXUH UDQJHRIPLQXVWRSOXVGHJ)
PLQXV
WRSOXV
GHJ&

 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3

E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

& )OH[LEOH(ODVWRPHULFDQG3RO\ROHILQ$GKHVLYH
&RPSO\ZLWK0,/$
$7\SH,,&ODVV,
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D $HURIOH[86$,QF
$HURVHDO
E $UPDFHOO/&&
$GKHVLYH
F )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

G 5%;&RUSRUDWLRQ
5XEDWH[&RQWDFW$GKHVLYH
' 0LQHUDO)LEHU$GKHVLYH
&RPSO\ZLWK0,/$&&ODVV*UDGH$
 3URGXFWV
6XEMHFWWR FRPSOLDQFHZLWK UHTXLUHPHQWVSURGXFWVWKDWPD\EHLQFRUSRUDWHG LQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

F ,7:7$&&'LYLVLRQRI,OOLQRLV7RRO:RUNV
6

G 0DUDWKRQ,QGXVWULHV,QF

H 0RQ(FR,QGXVWULHV,QF

( 3RO\VW\UHQH $GKHVLYH
  6ROYHQW RU ZDWHUEDVHG V\QWKHWLF UHVLQ DGKHVLYH ZLWK D VHUYLFH WHPSHUDWXUHUDQJHRIPLQXVWRSOXVGHJ)

WRSOXVGHJ&

 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3

E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\


) $6- $GKHVLYH DQG )6. DQG 39'& -DFNHW $GKHVLYH   &RPSO\ ZLWK 0,/$& &ODVV
*UDGH$IRUERQGLQJLQVXODWLRQMDFNHWODSVHDPVDQGMRLQWV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

F ,7:7$&&'LYLVLRQRI,OOLQRLV7RRO:RUNV
6

G 0DUDWKRQ,QGXVWULHV,QF

H 0RQ(FR,QGXVWULHV,QF

* 39&-DFNHW$GKHVLYH
&RPSDWLEOHZLWK39&MDFNHW
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 'RZ&KHPLFDO&RPSDQ\
7KH


'RZ6LOLFRQH
E -RKQV0DQYLOOH
=HVWRQ3HUPD:HOG&((/7,7(6ROYHQW:HOGLQJ$GKHVLYH F 3,&3ODVWLFV,QF
:HOGLQJ$GKHVLYH
G 5HG'HYLO,QF
&HOXORQ8OWUD&OHDU
H 6SHHGOLQH&RUSRUDWLRQ
6SHHGOLQH9LQ\O$GKHVLYH
 0$67,&6
$ 0DWHULDOV VKDOO EH FRPSDWLEOH ZLWK LQVXODWLRQ PDWHULDOV MDFNHWV DQG VXEVWUDWHV  FRPSO\ ZLWK
0,/&
&7\SH,,
% 9DSRU%DUULHU 0DVWLF
  :DWHU EDVHG
 VXLWDEOH IRU LQGRRU DQG RXWGRRU XVH RQ EHORZ DPELHQW VHUYLFHV
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\


F ,7:7$&&'LYLVLRQRI,OOLQRLV7RRO:RUNV
&%
G 0DUDWKRQ,QGXVWULHV,QF


H 0RQ(FR,QGXVWULHV,QF

I 9LPDVFR&RUSRUDWLRQ


 :DWHU9DSRU3HUPHDQFH
$670(
3URFHGXUH%SHUP

PHWULFSHUP
DW
PLO

PP
GU\ILOPWKLFNQHVV
 6HUYLFH7HPSHUDWXUH5DQJH
0LQXVWRSOXVGHJ)
0LQXV
WRSOXVGHJ&

 6ROLGV&RQWHQW
$670'
SHUFHQWE\YROXPHDQGSHUFHQWE\ZHLJKW
 &RORU
:KLWH
& %UHDWKHU0DVWLF
:DWHUEDVHG
VXLWDEOHIRULQGRRUDQGRXWGRRUXVHRQDERYHDPELHQWVHUYLFHV  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

F ,7:7$&&'LYLVLRQRI,OOLQRLV7RRO:RUNV
&%
G 0DUDWKRQ,QGXVWULHV,QF

H 0RQ(FR,QGXVWULHV,QF

I 9LPDVFR&RUSRUDWLRQ
:&:&
 :DWHU9DSRU3HUPHDQFH
$670)
SHUPV
PHWULFSHUPV
DWLQFK

PP
GU\ILOPWKLFNQHVV
 6HUYLFH7HPSHUDWXUH5DQJH
0LQXVWRSOXVGHJ)
0LQXV
WRSOXV
GHJ&

 6ROLGV&RQWHQW
SHUFHQWE\YROXPHDQGSHUFHQWE\ZHLJKW
 &RORU
:KLWH
 6($/$176
$ -RLQW6HDODQWV

 -RLQW 6HDODQWV IRU &HOOXODU*ODVV 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV
DYDLODEOHSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

F 0DUDWKRQ,QGXVWULHV,QF

G 0RQ(FR,QGXVWULHV,QF

H 3LWWVEXUJK&RUQLQJ&RUSRUDWLRQ
3LWWVHDO
I 9LPDVFR&RUSRUDWLRQ

 -RLQW 6HDODQWV IRU 3RO\VW\UHQH 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV
DYDLODEOHSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

F 0DUDWKRQ,QGXVWULHV,QF

G 0RQ(FR,QGXVWULHV,QF

H 9LPDVFR&RUSRUDWLRQ

 0DWHULDOVVKDOOEHFRPSDWLEOHZLWKLQVXODWLRQPDWHULDOVMDFNHWVDQGVXEVWUDWHV  3HUPDQHQWO\IOH[LEOHHODVWRPHULFVHDODQW
 6HUYLFH7HPSHUDWXUH5DQJH
0LQXVWRSOXVGHJ)
0LQXVWRSOXV
GHJ&

 &RORU
:KLWHRUJUD\
% )6.DQG0HWDO-DFNHW)ODVKLQJ6HDODQWV

 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\


F 0DUDWKRQ,QGXVWULHV,QF

G 0RQ(FR,QGXVWULHV,QF

H 9LPDVFR&RUSRUDWLRQ

 0DWHULDOVVKDOOEHFRPSDWLEOHZLWKLQVXODWLRQPDWHULDOVMDFNHWVDQGVXEVWUDWHV  )LUHDQGZDWHUUHVLVWDQWIOH[LEOHHODVWRPHULFVHDODQW  6HUYLFH7HPSHUDWXUH5DQJH
0LQXVWRSOXVGHJ)
0LQXVWRSOXVGHJ&

 &RORU
$OXPLQXP
& $6-)ODVKLQJ6HDODQWVDQG9LQ\O39'&DQG39&-DFNHW)ODVKLQJ6HDODQWV 
 3URGXFWV
6XEMHFWWR FRPSOLDQFHZLWK UHTXLUHPHQWVSURGXFWVWKDWPD\EHLQFRUSRUDWHG LQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
 0DWHULDOVVKDOOEHFRPSDWLEOHZLWKLQVXODWLRQPDWHULDOVMDFNHWVDQGVXEVWUDWHV  )LUHDQGZDWHUUHVLVWDQWIOH[LEOHHODVWRPHULFVHDODQW  6HUYLFH7HPSHUDWXUH5DQJH
0LQXVWRSOXVGHJ)
0LQXVWRSOXVGHJ&

 &RORU
:KLWH
 )$&725<$33/,('-$&.(76
$ ,QVXODWLRQ V\VWHP VFKHGXOHV LQGLFDWH IDFWRU\DSSOLHG MDFNHWV RQ YDULRXV DSSOLFDWLRQV  :KHQ IDFWRU\DSSOLHGMDFNHWVDUHLQGLFDWHGFRPSO\ZLWKWKHIROORZLQJ 
 $6-
  :KLWH NUDIWSDSHU ILEHUJODVVUHLQIRUFHG VFULP ZLWK DOXPLQXPIRLO EDFNLQJ 
FRPSO\LQJZLWK$670&7\SH,
 $6-66/
$6-ZLWKVHOIVHDOLQJSUHVVXUHVHQVLWLYHDFU\OLFEDVHGDGKHVLYHFRYHUHGE\D UHPRYDEOHSURWHFWLYHVWULS
FRPSO\LQJZLWK$670&7\SH,
 )6. -DFNHW
  $OXPLQXPIRLO ILEHUJODVVUHLQIRUFHG VFULP ZLWK NUDIWSDSHU EDFNLQJ 
FRPSO\LQJZLWK$670&7\SH,,
 39'& -DFNHW IRU ,QGRRU $SSOLFDWLRQV
  PLO
PP
 WKLFN ZKLWH 39'& ELD[LDOO\
RULHQWHGEDUULHUILOPZLWKDSHUPHDQFHDWSHUPV
PHWULFSHUPV
ZKHQWHVWHG
DFFRUGLQJ WR $670(
 DQG ZLWK D IODPHVSUHDG LQGH[ RI  DQG D VPRNHGHYHORSHG LQGH[RIZKHQWHVWHGDFFRUGLQJWR$670(
D 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 'RZ &KHPLFDO &RPSDQ\
7KH

 6DUDQ 9DSRU 5HWDUGHU )LOP DQG
6DUDQ9DSRU5HWDUGHU)LOP
 39'& -DFNHW IRU 2XWGRRU $SSOLFDWLRQV
  PLO
PP
 WKLFN ZKLWH 39'& ELD[LDOO\
RULHQWHGEDUULHUILOPZLWKDSHUPHDQFHDWSHUPV
PHWULFSHUPV
ZKHQWHVWHG
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJH
RI
DFFRUGLQJ WR $670(
 DQG ZLWK D IODPHVSUHDG LQGH[ RI  DQG D VPRNHGHYHORSHG LQGH[RIZKHQWHVWHGDFFRUGLQJWR$670(
D 3URGXFWV
6XEMHFWWR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWVWKDWPD\ EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 'RZ &KHPLFDO &RPSDQ\
7KH

 6DUDQ 9DSRU 5HWDUGHU )LOP DQG
6DUDQ9DSRU5HWDUGHU)LOP
 39'&66/ -DFNHW
  39'& MDFNHW ZLWK D VHOIVHDOLQJ SUHVVXUHVHQVLWLYH DFU\OLFEDVHG DGKHVLYHFRYHUHGE\DUHPRYDEOHSURWHFWLYHVWULS
D 3URGXFWV
6XEMHFWWR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWVWKDWPD\ EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 'RZ &KHPLFDO &RPSDQ\
7KH

 6DUDQ 9DSRU 5HWDUGHU )LOP DQG
6DUDQ9DSRU5HWDUGHU)LOP
 ),(/'$33/,('-$&.(76
$ )LHOGDSSOLHGMDFNHWVVKDOOFRPSO\ZLWK$670&
7\SH,XQOHVVRWKHUZLVHLQGLFDWHG
% 39& -DFNHW
  +LJKLPSDFWUHVLVWDQW 89UHVLVWDQW 39& FRPSO\LQJ ZLWK $670' &ODVV&
WKLFNQHVV DV VFKHGXOHG
 UROO VWRFN UHDG\IRU VKRSRUILHOG FXWWLQJDQGIRUPLQJ 7KLFNQHVVLVLQGLFDWHGLQILHOGDSSOLHGMDFNHWVFKHGXOHV  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D -RKQV0DQYLOOH
=HVWRQ
E 3,&3ODVWLFV,QF
)*6HULHV
F 3URWR39&&RUSRUDWLRQ
/R6PRNH
G 6SHHGOLQH&RUSRUDWLRQ
6PRNH6DIH
 $GKHVLYH
$VUHFRPPHQGHGE\MDFNHWPDWHULDOPDQXIDFWXUHU
 )DFWRU\IDEULFDWHGILWWLQJFRYHUVWRPDWFKMDFNHWLIDYDLODEOH RWKHUZLVHILHOGIDEULFDWH
D 6KDSHV
DQG
GHJUHHVKRUWDQGORQJUDGLXVHOERZVWHHVYDOYHVIODQJHV XQLRQV UHGXFHUV HQG FDSV VRLOSLSH KXEV WUDSV PHFKDQLFDO MRLQWV DQG 3WUDS DQGVXSSO\FRYHUVIRUODYDWRULHV
 )DFWRU\IDEULFDWHGWDQNKHDGVDQGWDQNVLGHSDQHOV & $OXPLQXP-DFNHW
&RPSO\ZLWK$670%

$670%
0 $OOR\RU
7HPSHU+
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
0HWDO-DFNHWLQJ6\VWHPV
E 3$%&20HWDOV&RUSRUDWLRQ
6XUHILW
F 5353URGXFWV,QF
,QVXO0DWH
 )LQLVKDQGWKLFNQHVVDUHLQGLFDWHGLQILHOGDSSOLHGMDFNHWVFKHGXOHV  0RLVWXUH %DUULHU IRU ,QGRRU $SSOLFDWLRQV
  PLO
PP
 WKLFN KHDWERQGHG
SRO\HWK\OHQHDQGNUDIWSDSHU
 0RLVWXUH %DUULHU IRU 2XWGRRU $SSOLFDWLRQV
  >PLO
PP
 WKLFN KHDWERQGHG
SRO\HWK\OHQHDQGNUDIWSDSHU
 )DFWRU\)DEULFDWHG)LWWLQJ&RYHUV

D 6DPHPDWHULDOILQLVKDQGWKLFNQHVVDVMDFNHW
E 3UHIRUPHGSLHFHRUJRUHDQG
GHJUHHVKRUWDQGORQJUDGLXVHOERZV
F 7HHFRYHUV
G )ODQJHDQGXQLRQFRYHUV
H (QGFDSV
I %HYHOHGFROODUV
J 9DOYHFRYHUV
K )LHOG IDEULFDWH ILWWLQJ FRYHUV RQO\ LI IDFWRU\IDEULFDWHG ILWWLQJ FRYHUV DUH QRW DYDLODEOH
' 8QGHUJURXQG 'LUHFW%XULHG -DFNHW
  PLO
PP
 WKLFN YDSRU EDUULHU DQG ZDWHUSURRILQJ
PHPEUDQH FRQVLVWLQJ RI D UXEEHUL]HG ELWXPLQRXV UHVLQ UHLQIRUFHG ZLWK D ZRYHQJODVVILEHU RU SRO\HVWHUVFULPDQGODPLQDWHGDOXPLQXPIRLO
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 3LWWVEXUJK&RUQLQJ&RUSRUDWLRQ
3LWWZUDS
E 3RO\JXDUG
,QVXOUDS1R7RUFK
 7$3(6
$ $6- 7DSH
  :KLWH YDSRUUHWDUGHU WDSH PDWFKLQJ IDFWRU\DSSOLHG MDFNHW ZLWK DFU\OLF DGKHVLYH FRPSO\LQJZLWK$670&
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D $YHU\'HQQLVRQ&RUSRUDWLRQ6SHFLDOW\7DSHV'LYLVLRQ )DVVRQ
E &RPSDF&RUS
DQG
F ,GHDO7DSH&R,QFDQ$PHULFDQ%LOWULWH&RPSDQ\
$:)$6-
G 9HQWXUH7DSH
&:3OXV&:3OXVDQG&:3OXV64
 :LGWK
LQFKHV
PP

 7KLFNQHVV
PLOV

PP

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 $GKHVLRQ

RXQFHVIRUFHLQFK
1PP
LQZLGWK
 (ORQJDWLRQ
SHUFHQW
 7HQVLOH6WUHQJWK
OEILQFK
1PP
LQZLGWK
 $6-7DSH'LVNVDQG6TXDUHV
3UHFXWGLVNVRUVTXDUHVRI$6-WDSH
% )6.7DSH
)RLOIDFHYDSRUUHWDUGHUWDSHPDWFKLQJIDFWRU\DSSOLHGMDFNHWZLWKDFU\OLFDGKHVLYH 
FRPSO\LQJZLWK$670&
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D $YHU\'HQQLVRQ&RUSRUDWLRQ6SHFLDOW\7DSHV'LYLVLRQ )DVVRQ
E &RPSDF&RUS
DQG
F ,GHDO7DSH&R,QFDQ$PHULFDQ%LOWULWH&RPSDQ\

$:))6.
G 9HQWXUH7DSH
&:&:DQG&:64
 :LGWK
LQFKHV
PP

 7KLFNQHVV
PLOV
PP

 $GKHVLRQ

RXQFHVIRUFHLQFK
1PP
LQZLGWK
 (ORQJDWLRQ
SHUFHQW
 7HQVLOH6WUHQJWK
OEILQFK
1PP
LQZLGWK
 )6.7DSH'LVNVDQG6TXDUHV
3UHFXWGLVNVRUVTXDUHVRI)6.WDSH
& 39&7DSH
:KLWHYDSRUUHWDUGHUWDSHPDWFKLQJILHOGDSSOLHG39&MDFNHWZLWKDFU\OLFDGKHVLYH 6XLWDEOHIRULQGRRUDQGRXWGRRUDSSOLFDWLRQV
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D $YHU\'HQQLVRQ&RUSRUDWLRQ6SHFLDOW\7DSHV'LYLVLRQ )DVVRQ
E &RPSDF&RUS

F ,GHDO7DSH&R,QFDQ$PHULFDQ%LOWULWH&RPSDQ\
:KLWH39&WDSH
G 9HQWXUH7DSH
&:16
 :LGWK
LQFKHV
PP

 7KLFNQHVV
PLOV
PP

 $GKHVLRQ
RXQFHVIRUFHLQFK
1PP
LQZLGWK
 (ORQJDWLRQ
SHUFHQW
 7HQVLOH6WUHQJWK
OEILQFK
1PP
LQZLGWK
' $OXPLQXP)RLO7DSH
9DSRUUHWDUGHUWDSHZLWKDFU\OLFDGKHVLYH
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D $YHU\'HQQLVRQ&RUSRUDWLRQ6SHFLDOW\7DSHV'LYLVLRQ )DVVRQ
E &RPSDF&RUS

F ,GHDO7DSH&R,QFDQ$PHULFDQ%LOWULWH&RPSDQ\
$:)
G 9HQWXUH7DSH
&:
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 :LGWK
LQFKHV
PP

 7KLFNQHVV
PLOV

PP

 $GKHVLRQ
RXQFHVIRUFHLQFK
1PP
LQZLGWK
 (ORQJDWLRQ
SHUFHQW
 7HQVLOH6WUHQJWK
OEILQFK
1PP
LQZLGWK
( 39'&7DSH
:KLWHYDSRUUHWDUGHU39'&WDSHZLWKDFU\OLFDGKHVLYH  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 'RZ&KHPLFDO&RPSDQ\
7KH

6DUDQ9DSRU5HWDUGHU7DSH
 :LGWK
LQFKHV
PP

 )LOP7KLFNQHVV
>PLOV
PP
@>PLOV
PP
@
 $GKHVLYH7KLFNQHVV
PLOV
PP

 (ORQJDWLRQDW%UHDN
SHUFHQW
 7HQVLOH6WUHQJWK
OEILQFK
1PP
LQZLGWK
 6(&85(0(176
$ $OXPLQXP%DQGV
$670%

$670%
0 $OOR\RU
7HPSHU+
  LQFK
 PP
 WKLFN > LQFK
 PP
@ > LQFK

 PP
@ ZLGH ZLWK >ZLQJ VHDO@
>FORVHGVHDO@>ZLQJRUFORVHGVHDO@
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV
%DQGV
E 3$%&20HWDOV&RUSRUDWLRQ
%DQGV
F 5353URGXFWV,QF
%DQGV
% ,QVXODWLRQ3LQVDQG+DQJHUV

 0HWDO $GKHVLYHO\ $WWDFKHG 3HUIRUDWHG%DVH ,QVXODWLRQ +DQJHUV   %DVHSODWH ZHOGHG WR
SURMHFWLQJVSLQGOHWKDWLVFDSDEOHRIKROGLQJLQVXODWLRQRIWKLFNQHVVLQGLFDWHGVHFXUHO\LQ SRVLWLRQ LQGLFDWHG ZKHQ VHOIORFNLQJ ZDVKHU LV LQ SODFH  &RPSO\ ZLWK WKH IROORZLQJ

UHTXLUHPHQWV

D 3URGXFWV
6XEMHFWWR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWVWKDWPD\ EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 $*0,QGXVWULHV,QF
7DFWRR,QVXO+DQJHUV6HULHV7

 *(0&2
3HUIRUDWHG%DVH

 0LGZHVW)DVWHQHUV,QF
6SLQGOH
E %DVHSODWH
3HUIRUDWHGJDOYDQL]HGFDUERQVWHHOVKHHWLQFK PP
WKLFN
E\LQFKHV
PP
VTXDUH
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
F 6SLQGOH
  &RSSHU RU ]LQFFRDWHG ORZ FDUERQ VWHHO IXOO\ DQQHDOHG LQFK

PP
GLDPHWHUVKDQNOHQJWKWRVXLWGHSWKRILQVXODWLRQLQGLFDWHG G $GKHVLYH
  5HFRPPHQGHG E\ KDQJHU PDQXIDFWXUHU  3URGXFW ZLWK GHPRQVWUDWHG FDSDELOLW\ WR ERQG LQVXODWLRQ KDQJHU VHFXUHO\ WR VXEVWUDWHV LQGLFDWHG ZLWKRXW GDPDJLQJLQVXODWLRQKDQJHUVDQGVXEVWUDWHV
 1RQPHWDO $GKHVLYHO\ $WWDFKHG 3HUIRUDWHG%DVH ,QVXODWLRQ +DQJHUV   %DVHSODWH
IDVWHQHGWRSURMHFWLQJVSLQGOHWKDWLVFDSDEOHRIKROGLQJLQVXODWLRQRIWKLFNQHVVLQGLFDWHG VHFXUHO\ LQ SRVLWLRQ LQGLFDWHG ZKHQ VHOIORFNLQJ ZDVKHU LV LQ SODFH  &RPSO\ ZLWK WKH IROORZLQJUHTXLUHPHQWV

D 3URGXFWV
6XEMHFWWR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWVWKDWPD\ EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 *(0&2
1\ORQ+DQJHUV

 0LGZHVW)DVWHQHUV,QF
1\ORQ,QVXODWLRQ+DQJHUV
E %DVHSODWH
  3HUIRUDWHG Q\ORQ VKHHW  LQFK
 PP
 WKLFN E\  LQFKHV

PP
LQGLDPHWHU
F 6SLQGOH
  1\ORQ LQFK
PP
 GLDPHWHU VKDQN OHQJWK WR VXLW GHSWK RI
LQVXODWLRQLQGLFDWHGXSWRLQFKHV
PP

G $GKHVLYH
  5HFRPPHQGHG E\ KDQJHU PDQXIDFWXUHU  3URGXFW ZLWK GHPRQVWUDWHG FDSDELOLW\ WR ERQG LQVXODWLRQ KDQJHU VHFXUHO\ WR VXEVWUDWHV LQGLFDWHG ZLWKRXW GDPDJLQJLQVXODWLRQKDQJHUVDQGVXEVWUDWHV
 6HOI6WLFNLQJ%DVH ,QVXODWLRQ +DQJHUV
  %DVHSODWH ZHOGHG WR SURMHFWLQJ VSLQGOH WKDW LV FDSDEOHRIKROGLQJLQVXODWLRQRIWKLFNQHVVLQGLFDWHGVHFXUHO\LQSRVLWLRQLQGLFDWHGZKHQ VHOIORFNLQJZDVKHULVLQSODFH&RPSO\ZLWKWKHIROORZLQJUHTXLUHPHQWV 
D 3URGXFWV
6XEMHFWWR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWVWKDWPD\ EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 $*0,QGXVWULHV,QF
7DFWRR,QVXO+DQJHUV6HULHV76$

 *(0&2
3UHVVDQG3HHO

 0LGZHVW)DVWHQHUV,QF
6HOI6WLFN
E %DVHSODWH
*DOYDQL]HGFDUERQVWHHOVKHHWLQFK
PP
WKLFNE\LQFKHV

PP
VTXDUH
F 6SLQGOH
  &RSSHU RU ]LQFFRDWHG ORZ FDUERQ VWHHO IXOO\ DQQHDOHG LQFK

PP
GLDPHWHUVKDQNOHQJWKWRVXLWGHSWKRILQVXODWLRQLQGLFDWHG G $GKHVLYHEDFNHGEDVHZLWKDSHHORIISURWHFWLYHFRYHU  ,QVXODWLRQ5HWDLQLQJ:DVKHUV
6HOIORFNLQJZDVKHUVIRUPHGIURPLQFK
PP

WKLFN JDOYDQL]HGVWHHO VKHHW ZLWK EHYHOHG HGJH VL]HG DV UHTXLUHG WR KROG LQVXODWLRQ VHFXUHO\LQSODFHEXWQRWOHVVWKDQLQFKHV
PP
LQGLDPHWHU
D 3URGXFWV
6XEMHFWWR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWVWKDWPD\ EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 $*0,QGXVWULHV,QF
5&

 *(0&2
5

 0LGZHVW)DVWHQHUV,QF
:$

 1HOVRQ6WXG:HOGLQJ
6SHHG&OLSV
E 3URWHFWHQGVZLWKFDSSHGVHOIORFNLQJZDVKHUVLQFRUSRUDWLQJDVSULQJVWHHOLQVHUWWR HQVXUHSHUPDQHQWUHWHQWLRQRIFDSLQH[SRVHGORFDWLRQV  1RQPHWDO,QVXODWLRQ5HWDLQLQJ:DVKHUV
6HOIORFNLQJ ZDVKHUVIRUPHGIURP LQFK

PP
 WKLFN Q\ORQ VKHHW ZLWK EHYHOHG HGJH VL]HG DV UHTXLUHG WR KROG LQVXODWLRQ VHFXUHO\LQSODFHEXWQRWOHVVWKDQLQFKHV
PP
LQGLDPHWHU
D 3URGXFWV
6XEMHFWWR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWVWKDWPD\ EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 *(0&2

 0LGZHVW)DVWHQHUV,QF
& 6WDSOHV
2XWZDUGFOLQFKLQJLQVXODWLRQVWDSOHVQRPLQDOLQFK 
PP
ZLGHVWDLQOHVVVWHHO
RU0RQHO

 &251(5$1*/(6
$ 39& &RUQHU $QJOHV
   PLOV
 PP
 WKLFN PLQLPXP  E\  LQFK
 E\  PP
 39&
DFFRUGLQJWR$670'&ODVV&:KLWHRUFRORUFRGHGWRPDWFKDGMDFHQWVXUIDFH % $OXPLQXP &RUQHU $QJOHV
   LQFK
 PP
 WKLFN PLQLPXP  E\  LQFK
 E\  PP

DOXPLQXP DFFRUGLQJ WR $670%

$670%
0  $OOR\   RU 

7HPSHU+
3$57(;(&87,21
 35(3$5$7,21
$ 6XUIDFH3UHSDUDWLRQ
&OHDQDQGGU\VXUIDFHVWRUHFHLYHLQVXODWLRQ5HPRYHPDWHULDOVWKDWZLOO DGYHUVHO\DIIHFWLQVXODWLRQDSSOLFDWLRQ
% &RRUGLQDWH LQVXODWLRQ LQVWDOODWLRQ ZLWK WKH WUDGH LQVWDOOLQJ KHDW WUDFLQJ  &RPSO\ ZLWK UHTXLUHPHQWVIRUKHDWWUDFLQJWKDWDSSO\WRLQVXODWLRQ & 0L[LQVXODWLQJFHPHQWVZLWKFOHDQSRWDEOHZDWHU
LILQVXODWLQJFHPHQWVDUHWREHLQFRQWDFWZLWK
VWDLQOHVVVWHHOVXUIDFHVXVHGHPLQHUDOL]HGZDWHU
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 *(1(5$/,167$//$7,215(48,5(0(176
$ ,QVWDOOLQVXODWLRQPDWHULDOVDFFHVVRULHVDQGILQLVKHVZLWKVPRRWKVWUDLJKWDQGHYHQVXUIDFHV 
IUHH RI YRLGV WKURXJKRXW WKH OHQJWK RI HTXLSPHQW DQG SLSLQJ LQFOXGLQJ ILWWLQJV YDOYHV DQG VSHFLDOWLHV
% ,QVWDOOLQVXODWLRQPDWHULDOVIRUPVYDSRUEDUULHUVRUUHWDUGHUVMDFNHWVDQGWKLFNQHVVHVUHTXLUHG IRUHDFKLWHPRIHTXLSPHQWDQGSLSHV\VWHPDVVSHFLILHGLQLQVXODWLRQV\VWHPVFKHGXOHV & ,QVWDOO DFFHVVRULHV FRPSDWLEOH ZLWK LQVXODWLRQ PDWHULDOV DQG VXLWDEOH IRU WKH VHUYLFH  ,QVWDOO DFFHVVRULHVWKDWGRQRWFRUURGHVRIWHQRURWKHUZLVHDWWDFNLQVXODWLRQRUMDFNHWLQHLWKHUZHWRU GU\VWDWH
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
 &RYHULQVHUWVZLWKMDFNHWPDWHULDOPDWFKLQJDGMDFHQWSLSHLQVXODWLRQ,QVWDOOVKLHOGVRYHU MDFNHWDUUDQJHGWRSURWHFWMDFNHWIURPWHDURUSXQFWXUHE\KDQJHUVXSSRUWDQGVKLHOG . $SSO\DGKHVLYHVPDVWLFVDQGVHDODQWVDWPDQXIDFWXUHU VUHFRPPHQGHGFRYHUDJHUDWHDQGZHW
DQGGU\ILOPWKLFNQHVVHV
/ ,QVWDOOLQVXODWLRQZLWKIDFWRU\DSSOLHGMDFNHWVDVIROORZV 
 'UDZMDFNHWWLJKWDQGVPRRWK
 &RYHU FLUFXPIHUHQWLDO MRLQWV ZLWK LQFK
PP
 ZLGH VWULSV RI VDPH PDWHULDO DV
LQVXODWLRQMDFNHW6HFXUHVWULSVZLWKDGKHVLYHDQGRXWZDUGFOLQFKLQJVWDSOHVDORQJERWK HGJHVRIVWULSVSDFHGLQFKHV
PP
RF
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 2YHUODSMDFNHWORQJLWXGLQDO VHDPVDWOHDVW LQFKHV PP
,QVWDOO LQVXODWLRQ ZLWK
ORQJLWXGLQDOVHDPVDWERWWRPRISLSH&OHDQDQGGU\VXUIDFHWR UHFHLYHVHOIVHDOLQJODS 6WDSOH ODSV ZLWK RXWZDUG FOLQFKLQJ VWDSOHV DORQJ HGJH DW > LQFKHV  PP
@ > LQFKHV

PP
@RF
D )RUEHORZDPELHQWVHUYLFHVDSSO\YDSRUEDUULHUPDVWLFRYHUVWDSOHV  &RYHUMRLQWVDQGVHDPVZLWKWDSHDV UHFRPPHQGHGE\LQVXODWLRQPDWHULDOPDQXIDFWXUHU WRPDLQWDLQYDSRUVHDO
 :KHUHYDSRUEDUULHUVDUHLQGLFDWHGDSSO\YDSRUEDUULHUPDVWLFRQVHDPVDQGMRLQWVDQG DWHQGVDGMDFHQWWRSLSHIODQJHVDQGILWWLQJV
0 &XWLQVXODWLRQLQDPDQQHUWRDYRLGFRPSUHVVLQJLQVXODWLRQPRUHWKDQSHUFHQWRILWVQRPLQDO WKLFNQHVV
1 )LQLVKLQVWDOODWLRQZLWKV\VWHPVDWRSHUDWLQJFRQGLWLRQV5HSDLUMRLQWVHSDUDWLRQVDQGFUDFNLQJ GXHWRWKHUPDOPRYHPHQW
2 5HSDLU GDPDJHG LQVXODWLRQ IDFLQJV E\ DSSO\LQJ VDPH IDFLQJ PDWHULDO RYHU GDPDJHG DUHDV ([WHQGSDWFKHVDWOHDVWLQFKHV
PP
EH\RQGGDPDJHGDUHDV$GKHUHVWDSOHDQGVHDO
SDWFKHVVLPLODUWREXWWMRLQWV
3 )RUDERYHDPELHQWVHUYLFHVGRQRWLQVWDOOLQVXODWLRQWRWKHIROORZLQJ 
 9LEUDWLRQFRQWUROGHYLFHV
 7HVWLQJDJHQF\ODEHOVDQGVWDPSV
 1DPHSODWHVDQGGDWDSODWHV
 0DQKROHV
 +DQGKROHV
 &OHDQRXWV
 3(1(75$7,216
$ ,QVXODWLRQ ,QVWDOODWLRQ DW 5RRI 3HQHWUDWLRQV
 ,QVWDOO LQVXODWLRQ FRQWLQXRXVO\ WKURXJK URRI
SHQHWUDWLRQV
 6HDOSHQHWUDWLRQVZLWKIODVKLQJVHDODQW
 )RUDSSOLFDWLRQV UHTXLULQJRQO\LQGRRULQVXODWLRQWHUPLQDWHLQVXODWLRQDERYH URRIVXUIDFH DQG VHDO ZLWK MRLQW VHDODQW  )RU DSSOLFDWLRQV UHTXLULQJ LQGRRU DQG RXWGRRU LQVXODWLRQ LQVWDOO LQVXODWLRQ IRU RXWGRRU DSSOLFDWLRQV WLJKWO\ MRLQHG WR LQGRRU LQVXODWLRQ HQGV  6HDO MRLQWZLWKMRLQWVHDODQW
 ([WHQGMDFNHWRIRXWGRRULQVXODWLRQRXWVLGHURRIIODVKLQJDWOHDVWLQFKHV PP
EHORZ
WRSRIURRIIODVKLQJ
 6HDOMDFNHWWRURRIIODVKLQJZLWKIODVKLQJVHDODQW % ,QVXODWLRQ,QVWDOODWLRQDW8QGHUJURXQG([WHULRU:DOO3HQHWUDWLRQV 7HUPLQDWHLQVXODWLRQIOXVKZLWK
VOHHYHVHDO6HDOWHUPLQDWLRQVZLWKIODVKLQJVHDODQW -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
& ,QVXODWLRQ,QVWDOODWLRQDW$ERYHJURXQG([WHULRU:DOO3HQHWUDWLRQV ,QVWDOOLQVXODWLRQFRQWLQXRXVO\
WKURXJKZDOOSHQHWUDWLRQV
 6HDOSHQHWUDWLRQVZLWKIODVKLQJVHDODQW
 )RUDSSOLFDWLRQV UHTXLULQJRQO\LQGRRULQVXODWLRQWHUPLQDWHLQVXODWLRQLQVLGHZDOO VXUIDFH DQG VHDO ZLWK MRLQW VHDODQW  )RU DSSOLFDWLRQV UHTXLULQJ LQGRRU DQG RXWGRRU LQVXODWLRQ LQVWDOO LQVXODWLRQ IRU RXWGRRU DSSOLFDWLRQV WLJKWO\ MRLQHG WR LQGRRU LQVXODWLRQ HQGV  6HDO MRLQWZLWKMRLQWVHDODQW
 ([WHQGMDFNHWRIRXWGRRULQVXODWLRQRXWVLGHZDOOIODVKLQJDQGRYHUODSZDOOIODVKLQJDWOHDVW LQFKHV
PP

 6HDOMDFNHWWRZDOOIODVKLQJZLWKIODVKLQJVHDODQW ' ,QVXODWLRQ ,QVWDOODWLRQ DW ,QWHULRU :DOO DQG 3DUWLWLRQ 3HQHWUDWLRQV 7KDW $UH 1RW )LUH 5DWHG


,QVWDOOLQVXODWLRQFRQWLQXRXVO\WKURXJKZDOOVDQGSDUWLWLRQV ( ,QVXODWLRQ ,QVWDOODWLRQ DW )LUH5DWHG :DOO DQG 3DUWLWLRQ 3HQHWUDWLRQV  ,QVWDOO LQVXODWLRQ
FRQWLQXRXVO\WKURXJKSHQHWUDWLRQVRIILUHUDWHGZDOOVDQGSDUWLWLRQV  &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ 6HFWLRQ 3HQHWUDWLRQ )LUHVWRSSLQJLUHVWRSSLQJ DQGILUHUHVLVWLYHMRLQWVHDOHUV
) ,QVXODWLRQ,QVWDOODWLRQDW)ORRU3HQHWUDWLRQV

 3LSH
,QVWDOOLQVXODWLRQFRQWLQXRXVO\WKURXJKIORRUSHQHWUDWLRQV  6HDO SHQHWUDWLRQV WKURXJK ILUHUDWHG DVVHPEOLHV  &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ6HFWLRQ3HQHWUDWLRQ)LUHVWRSSLQJ
 (48,30(177$1.$1'9(66(/,168/$7,21,167$//$7,21 $ 0LQHUDO )LEHU 3LSH DQG 7DQN,QVXODWLRQ,QVWDOODWLRQIRU 7DQNV DQG 9HVVHOV 6HFXUH LQVXODWLRQ
ZLWKDGKHVLYHDQGDQFKRUSLQVDQGVSHHGZDVKHUV
 $SSO\ DGKHVLYHV DFFRUGLQJ WR PDQXIDFWXUHU
V UHFRPPHQGHG FRYHUDJH UDWHV SHU XQLW
DUHDIRUFRYHUDJHRIWDQNDQGYHVVHOVXUIDFHV
 *URRYHDQGVFRUHLQVXODWLRQPDWHULDOVWRILWDVFORVHO\DVSRVVLEOHWRHTXLSPHQWLQFOXGLQJ FRQWRXUV  %HYHO LQVXODWLRQ HGJHV IRU F\OLQGULFDO VXUIDFHV IRU WLJKW MRLQWV  6WDJJHU HQG MRLQWV
 3URWHFWH[SRVHGFRUQHUVZLWKVHFXUHGFRUQHUDQJOHV  ,QVWDOO DGKHVLYHO\ DWWDFKHG RU VHOIVWLFNLQJ LQVXODWLRQ KDQJHUV DQG VSHHG ZDVKHUV RQ VLGHVRIWDQNVDQGYHVVHOVDVIROORZV

D 'RQRWZHOGDQFKRUSLQVWR$60(ODEHOHGSUHVVXUHYHVVHOV E 6HOHFW LQVXODWLRQ KDQJHUV DQG DGKHVLYH WKDW DUH FRPSDWLEOH ZLWK VHUYLFH WHPSHUDWXUHDQGZLWKVXEVWUDWH
F 2Q WDQNV DQG YHVVHOV PD[LPXP DQFKRUSLQ VSDFLQJ LV  LQFKHV  PP
 IURP
LQVXODWLRQHQGMRLQWVDQGLQFKHV
PP
RFLQERWKGLUHFWLRQV
G 'RQRWRYHUFRPSUHVVLQVXODWLRQGXULQJLQVWDOODWLRQ -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
H &XW DQGPLWHULQVXODWLRQ VHJPHQWVWRILW FXUYHG VLGHVDQGGRPHG KHDGVRIWDQNV DQGYHVVHOV
I ,PSDOHLQVXODWLRQRYHUDQFKRUSLQVDQGDWWDFKVSHHGZDVKHUV J &XWH[FHVVSRUWLRQRISLQVH[WHQGLQJEH\RQGVSHHGZDVKHUVRUEHQGSDUDOOHOZLWK LQVXODWLRQVXUIDFH&RYHUH[SRVHGSLQVDQGZDVKHUVZLWKWDSHPDWFKLQJLQVXODWLRQ IDFLQJ
 6HFXUH HDFK OD\HU RI LQVXODWLRQ ZLWK VWDLQOHVVVWHHO RU DOXPLQXP EDQGV  6HOHFW EDQG PDWHULDOFRPSDWLEOHZLWKLQVXODWLRQPDWHULDOV
 :KHUH LQVXODWLRQ KDQJHUV RQ HTXLSPHQW DQG YHVVHOV DUH QRW SHUPLWWHG RU SUDFWLFDO DQG ZKHUH LQVXODWLRQ VXSSRUW ULQJV DUH QRW SURYLGHG LQVWDOO D JLUGOH QHWZRUN IRU VHFXULQJ LQVXODWLRQ  6WUHWFK SUHVWUHVVHG DLUFUDIW FDEOH DURXQG WKH GLDPHWHU RI YHVVHO DQG PDNH WDXW ZLWK FODPSV WXUQEXFNOHV RU EUHDWKHU VSULQJV  3ODFH RQH FLUFXPIHUHQWLDO JLUGOH DURXQGHTXLSPHQWDSSUR[LPDWHO\LQFKHV
PP
IURPHDFKHQG,QVWDOOZLUHRUFDEOH
EHWZHHQWZR FLUFXPIHUHQWLDOJLUGOHVLQFKHV
PP
RF,QVWDOODZLUH ULQJDURXQG
HDFKHQGDQGDURXQGRXWHUSHULSKHU\RIFHQWHURSHQLQJVDQGVWUHWFKSUHVWUHVVHGDLUFUDIW FDEOH UDGLDOO\ IURP WKH ZLUH ULQJ WR QHDUHVW FLUFXPIHUHQWLDO JLUGOH  ,QVWDOO DGGLWLRQDO FLUFXPIHUHQWLDOJLUGOHVDORQJWKHERG\RIHTXLSPHQWRUWDQNDWDPLQLPXPVSDFLQJRI LQFKHV
PP
RF8VHWKLVQHWZRUNIRUVHFXULQJLQVXODWLRQZLWKWLHZLUHRUEDQGV  6WDJJHUMRLQWVEHWZHHQLQVXODWLRQOD\HUVDWOHDVWLQFKHV PP

 ,QVWDOO LQVXODWLRQ LQ UHPRYDEOH VHJPHQWV RQ HTXLSPHQW DFFHVV GRRUV PDQKROHV KDQGKROHVDQGRWKHUHOHPHQWVWKDWUHTXLUHIUHTXHQWUHPRYDOIRUVHUYLFHDQGLQVSHFWLRQ

 %HYHO DQG VHDO LQVXODWLRQ HQGV DURXQG PDQKROHV KDQGKROHV $60( VWDPSV DQG QDPHSODWHV
 )RU HTXLSPHQW ZLWK VXUIDFH WHPSHUDWXUHV EHORZ DPELHQW DSSO\ PDVWLF WR RSHQ HQGV MRLQWVVHDPVEUHDNVDQGSXQFWXUHVLQLQVXODWLRQ
% )OH[LEOH (ODVWRPHULF 7KHUPDO ,QVXODWLRQ ,QVWDOODWLRQ IRU 7DQNV DQG 9HVVHOV   ,QVWDOO LQVXODWLRQ
RYHUHQWLUHVXUIDFHRIWDQNVDQGYHVVHOV
 $SSO\  SHUFHQW FRYHUDJH RI DGKHVLYH WR VXUIDFH ZLWK PDQXIDFWXUHU V UHFRPPHQGHG
DGKHVLYH
 6HDOORQJLWXGLQDOVHDPVDQGHQGMRLQWV
 *(1(5$/3,3(,168/$7,21,167$//$7,21
$ 5HTXLUHPHQWV LQ WKLV DUWLFOH JHQHUDOO\ DSSO\ WR DOO LQVXODWLRQ PDWHULDOV H[FHSW ZKHUH PRUH VSHFLILFUHTXLUHPHQWVDUHVSHFLILHGLQYDULRXVSLSHLQVXODWLRQPDWHULDOLQVWDOODWLRQDUWLFOHV % ,QVXODWLRQ,QVWDOODWLRQRQ)LWWLQJV9DOYHV6WUDLQHUV)ODQJHVDQG8QLRQV 
 ,QVWDOOLQVXODWLRQRYHUILWWLQJVYDOYHVVWUDLQHUVIODQJHVXQLRQVDQGRWKHUVSHFLDOWLHVZLWK FRQWLQXRXVWKHUPDODQGYDSRUUHWDUGHULQWHJULW\XQOHVVRWKHUZLVHLQGLFDWHG  ,QVXODWHSLSHHOERZVXVLQJSUHIRUPHGILWWLQJLQVXODWLRQRUPLWHUHGILWWLQJVPDGHIURPVDPH PDWHULDO DQG GHQVLW\ DV DGMDFHQW SLSH LQVXODWLRQ  (DFK SLHFH VKDOO EH EXWWHG WLJKWO\ DJDLQVWDGMRLQLQJSLHFHDQGERQGHGZLWKDGKHVLYH)LOOMRLQWVVHDPVYRLGVDQGLUUHJXODU VXUIDFHV ZLWK LQVXODWLQJ FHPHQWILQLVKHGWR D VPRRWK KDUG DQG XQLIRUP FRQWRXUWKDW LV XQLIRUPZLWKDGMRLQLQJSLSHLQVXODWLRQ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJH
RI
 ,QVXODWHWHHILWWLQJVZLWKSUHIRUPHGILWWLQJ LQVXODWLRQRU VHFWLRQDOSLSHLQVXODWLRQ RI VDPH PDWHULDODQGWKLFNQHVVDVXVHGIRUDGMDFHQWSLSH&XWVHFWLRQDOSLSHLQVXODWLRQWRILW%XWW HDFK VHFWLRQ FORVHO\ WR WKH QH[W DQG KROG LQ SODFH ZLWK WLH ZLUH  %RQG SLHFHV ZLWK DGKHVLYH
 ,QVXODWH YDOYHV XVLQJ SUHIRUPHG ILWWLQJ LQVXODWLRQ RU VHFWLRQDO SLSH LQVXODWLRQ RI VDPH PDWHULDO GHQVLW\ DQG WKLFNQHVV DV XVHG IRU DGMDFHQW SLSH  2YHUODS DGMRLQLQJ SLSH LQVXODWLRQ E\ QRW OHVV WKDQ WZR WLPHV WKH WKLFNQHVV RI SLSH LQVXODWLRQ RU RQH SLSH GLDPHWHU ZKLFKHYHU LV WKLFNHU  )RU YDOYHV LQVXODWH XS WR DQG LQFOXGLQJ WKH ERQQHWV YDOYH VWXIILQJER[ VWXGV EROWV DQG QXWV)LOO MRLQWV VHDPV DQG LUUHJXODU VXUIDFHV ZLWK LQVXODWLQJFHPHQW
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
 ,QVXODWH IODQJHV DQG XQLRQV XVLQJ D VHFWLRQ RI RYHUVL]HG SUHIRUPHG SLSH LQVXODWLRQ 2YHUODS DGMRLQLQJ SLSH LQVXODWLRQ E\ QRW OHVV WKDQ WZR WLPHV WKH WKLFNQHVV RI SLSH LQVXODWLRQRURQHSLSHGLDPHWHUZKLFKHYHULVWKLFNHU  &RYHU VHJPHQWHG LQVXODWHG VXUIDFHV ZLWK D OD\HU RI ILQLVKLQJ FHPHQW DQG FRDW ZLWK D PDVWLF,QVWDOOYDSRUEDUULHUPDVWLFIRUEHORZDPELHQWVHUYLFHVDQGDEUHDWKHUPDVWLFIRU DERYHDPELHQWVHUYLFHV5HLQIRUFHWKHPDVWLFZLWKIDEULFUHLQIRUFLQJPHVK7URZHOWKH PDVWLFWRDVPRRWKDQGZHOOVKDSHGFRQWRXU
 )RUVHUYLFHVQRWVSHFLILHGWRUHFHLYHDILHOGDSSOLHGMDFNHWH[FHSWIRUIOH[LEOHHODVWRPHULF DQGSRO\ROHILQLQVWDOOILWWHG39&FRYHURYHUHOERZVWHHVVWUDLQHUVYDOYHVIODQJHVDQG XQLRQV7HUPLQDWHHQGVZLWK39& HQG FDSV7DSH39& FRYHUVWRDGMRLQLQJ LQVXODWLRQ IDFLQJXVLQJ39&WDSH

 6WHQFLORUODEHOWKHRXWVLGHLQVXODWLRQMDFNHWRIHDFKXQLRQZLWKWKHZRUG81,210DWFK VL]HDQGFRORURISLSHODEHOV
& ,QVXODWHLQVWUXPHQWFRQQHFWLRQVIRUWKHUPRPHWHUVSUHVVXUHJDJHVSUHVVXUHWHPSHUDWXUHWDSV WHVWFRQQHFWLRQVIORZPHWHUVVHQVRUVVZLWFKHVDQGWUDQVPLWWHUVRQLQVXODWHGSLSHVYHVVHOV DQG HTXLSPHQW  6KDSH LQVXODWLRQ DW WKHVH FRQQHFWLRQV E\ WDSHULQJ LW WR DQG DURXQG WKH FRQQHFWLRQZLWKLQVXODWLQJFHPHQWDQGILQLVKZLWKILQLVKLQJFHPHQWPDVWLFDQGIODVKLQJVHDODQW ' ,QVWDOO UHPRYDEOH LQVXODWLRQ FRYHUV DW ORFDWLRQV LQGLFDWHG  ,QVWDOODWLRQ VKDOO FRQIRUP WR WKH

IROORZLQJ

 0DNH UHPRYDEOH IODQJH DQG XQLRQ LQVXODWLRQ IURP VHFWLRQDO SLSH LQVXODWLRQ RI VDPH WKLFNQHVV DV WKDW RQ DGMRLQLQJ SLSH  ,QVWDOO VDPH LQVXODWLRQ MDFNHW DV DGMRLQLQJ SLSH LQVXODWLRQ
 :KHQIODQJHDQGXQLRQFRYHUVDUHPDGHIURPVHFWLRQDOSLSHLQVXODWLRQH[WHQGLQVXODWLRQ IURPIODQJHVRUXQLRQORQJDWOHDVWWZRWLPHVWKHLQVXODWLRQWKLFNQHVVRYHUDGMDFHQWSLSH LQVXODWLRQRQHDFKVLGHRIIODQJHRUXQLRQ6HFXUHIODQJHFRYHULQSODFHZLWKVWDLQOHVV VWHHORUDOXPLQXPEDQGV6HOHFWEDQGPDWHULDOFRPSDWLEOHZLWKLQVXODWLRQDQGMDFNHW  &RQVWUXFWUHPRYDEOHYDOYHLQVXODWLRQFRYHUVLQVDPHPDQQHUDVIRUIODQJHVH[FHSWGLYLGH WKHWZRSDUWVHFWLRQRQWKHYHUWLFDOFHQWHUOLQHRIYDOYHERG\ -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 :KHQ FRYHUV DUH PDGH IURP EORFN LQVXODWLRQ PDNH WZR KDOYHV HDFK FRQVLVWLQJ RI PLWHUHG EORFNV ZLUHGWR VWDLQOHVVVWHHOIDEULF6HFXUHWKLV ZLUHIUDPH ZLWK LWV DWWDFKHG LQVXODWLRQ WR IODQJHV ZLWK WLH ZLUH  ([WHQG LQVXODWLRQ DW OHDVW  LQFKHV  PP
 RYHU
DGMDFHQWSLSHLQVXODWLRQRQHDFKVLGHRIYDOYH)LOOVSDFHEHWZHHQIODQJHRUXQLRQFRYHU DQGSLSHLQVXODWLRQZLWKLQVXODWLQJFHPHQW)LQLVKFRYHUDVVHPEO\ZLWKLQVXODWLQJFHPHQW DSSOLHG LQWZR FRDWV$IWHUILUVW FRDW LV GU\ DSSO\ DQGWURZHO VHFRQG FRDWWR D VPRRWK ILQLVK
 8QOHVV D 39& MDFNHW LV LQGLFDWHG LQ ILHOGDSSOLHG MDFNHW VFKHGXOHV ILQLVK H[SRVHG VXUIDFHVZLWKDPHWDOMDFNHW
 &(//8/$5*/$66,168/$7,21,167$//$7,21
$ ,QVXODWLRQ,QVWDOODWLRQRQ6WUDLJKW3LSHVDQG7XEHV 
 6HFXUH HDFK OD\HU RI LQVXODWLRQ WR SLSH ZLWK ZLUH RU EDQGV DQG WLJKWHQ EDQGV ZLWKRXW GHIRUPLQJLQVXODWLRQPDWHULDOV
 :KHUHYDSRUEDUULHUVDUHLQGLFDWHGVHDOORQJLWXGLQDOVHDPVHQGMRLQWVDQGSURWUXVLRQV ZLWKYDSRUEDUULHUPDVWLFDQGMRLQWVHDODQW
 )RU LQVXODWLRQ ZLWKIDFWRU\DSSOLHG MDFNHWV RQ DERYH DPELHQW VHUYLFHV VHFXUH ODSV ZLWK RXWZDUGFOLQFKHGVWDSOHVDWLQFKHV
PP
RF
 )RU LQVXODWLRQ ZLWK IDFWRU\DSSOLHG MDFNHWV RQ EHORZ DPELHQW VHUYLFHV GR QRW VWDSOH ORQJLWXGLQDOWDEVEXWVHFXUHWDEVZLWKDGGLWLRQDODGKHVLYHDVUHFRPPHQGHGE\LQVXODWLRQ PDWHULDOPDQXIDFWXUHUDQGVHDOZLWKYDSRUEDUULHUPDVWLFDQGIODVKLQJVHDODQW % ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)ODQJHV

 ,QVWDOOSUHIRUPHGSLSHLQVXODWLRQWRRXWHUGLDPHWHURISLSHIODQJH  0DNHZLGWKRILQVXODWLRQVHFWLRQVDPHDVRYHUDOOZLGWKRIIODQJHDQGEROWVSOXVWZLFHWKH WKLFNQHVVRISLSHLQVXODWLRQ
 )LOO YRLGV EHWZHHQ LQQHU FLUFXPIHUHQFH RI IODQJH LQVXODWLRQ DQG RXWHU FLUFXPIHUHQFH RI DGMDFHQW VWUDLJKW SLSH VHJPHQWV ZLWK FXW VHFWLRQV RI FHOOXODUJODVV EORFN LQVXODWLRQ RI VDPHWKLFNQHVVDVSLSHLQVXODWLRQ
 ,QVWDOO MDFNHW PDWHULDO ZLWK PDQXIDFWXUHU
V UHFRPPHQGHG DGKHVLYH RYHUODS VHDPV DW
OHDVWLQFK
PP
DQGVHDOMRLQWVZLWKIODVKLQJVHDODQW
& ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)LWWLQJVDQG(OERZV 
 ,QVWDOOSUHIRUPHGVHFWLRQVRIVDPHPDWHULDODVVWUDLJKWVHJPHQWVRISLSHLQVXODWLRQZKHQ DYDLODEOH6HFXUHDFFRUGLQJWRPDQXIDFWXUHU
VZULWWHQLQVWUXFWLRQV
 :KHQ SUHIRUPHG VHFWLRQV RI LQVXODWLRQ DUH QRW DYDLODEOH LQVWDOO PLWHUHG VHFWLRQV RI FHOOXODUJODVVLQVXODWLRQ6HFXUHLQVXODWLRQPDWHULDOVZLWKZLUHRUEDQGV ' ,QVXODWLRQ,QVWDOODWLRQRQ9DOYHVDQG3LSH6SHFLDOWLHV 
 ,QVWDOOSUHIRUPHGVHFWLRQVRIFHOOXODUJODVVLQVXODWLRQWRYDOYHERG\  $UUDQJH LQVXODWLRQ WR SHUPLW DFFHVV WR SDFNLQJ DQG WR DOORZ YDOYH RSHUDWLRQ ZLWKRXW GLVWXUELQJLQVXODWLRQ
 ,QVWDOOLQVXODWLRQWRIODQJHVDVVSHFLILHGIRUIODQJHLQVXODWLRQDSSOLFDWLRQ -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 )/(;,%/((/$6720(5,&,168/$7,21,167$//$7,21
$ 6HDOORQJLWXGLQDOVHDPVDQGHQGMRLQWVZLWKPDQXIDFWXUHU VUHFRPPHQGHGDGKHVLYHWRHOLPLQDWH
RSHQLQJVLQLQVXODWLRQWKDWDOORZSDVVDJHRIDLUWRVXUIDFHEHLQJLQVXODWHG % ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)ODQJHV

 ,QVWDOOSLSHLQVXODWLRQWRRXWHUGLDPHWHURISLSHIODQJH  0DNHZLGWKRILQVXODWLRQVHFWLRQVDPHDVRYHUDOOZLGWKRIIODQJHDQGEROWVSOXVWZLFHWKH WKLFNQHVVRISLSHLQVXODWLRQ
 )LOO YRLGV EHWZHHQ LQQHU FLUFXPIHUHQFH RI IODQJH LQVXODWLRQ DQG RXWHU FLUFXPIHUHQFH RI DGMDFHQW VWUDLJKWSLSH VHJPHQWVZLWK FXW VHFWLRQVRI VKHHWLQVXODWLRQRI VDPHWKLFNQHVV DVSLSHLQVXODWLRQ
 6HFXUHLQVXODWLRQWRIODQJHVDQGVHDOVHDPVZLWKPDQXIDFWXUHU VUHFRPPHQGHGDGKHVLYH
WRHOLPLQDWHRSHQLQJVLQLQVXODWLRQWKDWDOORZSDVVDJHRIDLUWRVXUIDFHEHLQJLQVXODWHG & ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)LWWLQJVDQG(OERZV 
 ,QVWDOOPLWHUHGVHFWLRQVRISLSHLQVXODWLRQ
 6HFXUHLQVXODWLRQPDWHULDOVDQGVHDOVHDPVZLWKPDQXIDFWXUHU VUHFRPPHQGHGDGKHVLYH
WRHOLPLQDWHRSHQLQJVLQLQVXODWLRQWKDWDOORZSDVVDJHRIDLUWRVXUIDFHEHLQJLQVXODWHG ' ,QVXODWLRQ,QVWDOODWLRQRQ9DOYHVDQG3LSH6SHFLDOWLHV 
 ,QVWDOO SUHIRUPHG YDOYH FRYHUV PDQXIDFWXUHG RI VDPH PDWHULDO DV SLSH LQVXODWLRQ ZKHQ DYDLODEOH
 :KHQ SUHIRUPHG YDOYH FRYHUV DUH QRW DYDLODEOH LQVWDOO FXW VHFWLRQV RI SLSH DQG VKHHW LQVXODWLRQ WR YDOYH ERG\  $UUDQJH LQVXODWLRQ WR SHUPLW DFFHVV WR SDFNLQJ DQG WR DOORZ YDOYHRSHUDWLRQZLWKRXWGLVWXUELQJLQVXODWLRQ
 ,QVWDOOLQVXODWLRQWRIODQJHVDVVSHFLILHGIRUIODQJHLQVXODWLRQDSSOLFDWLRQ  6HFXUH LQVXODWLRQ WR YDOYHV DQG VSHFLDOWLHV DQG VHDO VHDPV ZLWK PDQXIDFWXUHU V
UHFRPPHQGHG DGKHVLYHWR HOLPLQDWH RSHQLQJV LQ LQVXODWLRQWKDW DOORZ SDVVDJH RI DLUWR VXUIDFHEHLQJLQVXODWHG
 0,1(5$/),%(5,168/$7,21,167$//$7,21
$ ,QVXODWLRQ,QVWDOODWLRQRQ6WUDLJKW3LSHVDQG7XEHV 
 6HFXUH HDFK OD\HU RI SUHIRUPHG SLSH LQVXODWLRQ WR SLSH ZLWK ZLUH RU EDQGV DQG WLJKWHQ EDQGVZLWKRXWGHIRUPLQJLQVXODWLRQPDWHULDOV
 :KHUHYDSRUEDUULHUVDUHLQGLFDWHGVHDOORQJLWXGLQDOVHDPVHQGMRLQWVDQGSURWUXVLRQV ZLWKYDSRUEDUULHUPDVWLFDQGMRLQWVHDODQW
 )RU LQVXODWLRQ ZLWKIDFWRU\DSSOLHG MDFNHWV RQ DERYH DPELHQW VXUIDFHV VHFXUH ODSV ZLWK RXWZDUGFOLQFKHGVWDSOHVDWLQFKHV
PP
RF
 )RU LQVXODWLRQ ZLWK IDFWRU\DSSOLHG MDFNHWV RQ EHORZ DPELHQW VXUIDFHV GR QRW VWDSOH ORQJLWXGLQDOWDEVEXWVHFXUHWDEVZLWKDGGLWLRQDODGKHVLYHDVUHFRPPHQGHGE\LQVXODWLRQ PDWHULDOPDQXIDFWXUHUDQGVHDOZLWKYDSRUEDUULHUPDVWLFDQGIODVKLQJVHDODQW -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
% ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)ODQJHV

 ,QVWDOOSUHIRUPHGSLSHLQVXODWLRQWRRXWHUGLDPHWHURISLSHIODQJH  0DNHZLGWKRILQVXODWLRQVHFWLRQVDPHDVRYHUDOOZLGWKRIIODQJHDQGEROWVSOXVWZLFHWKH WKLFNQHVVRISLSHLQVXODWLRQ
 )LOO YRLGV EHWZHHQ LQQHU FLUFXPIHUHQFH RI IODQJH LQVXODWLRQ DQG RXWHU FLUFXPIHUHQFH RI DGMDFHQWVWUDLJKWSLSHVHJPHQWVZLWKPLQHUDOILEHUEODQNHWLQVXODWLRQ  ,QVWDOO MDFNHW PDWHULDO ZLWK PDQXIDFWXUHU
V UHFRPPHQGHG DGKHVLYH RYHUODS VHDPV DW
OHDVWLQFK
PP
DQGVHDOMRLQWVZLWKIODVKLQJVHDODQW
& ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)LWWLQJVDQG(OERZV 
 ,QVWDOOSUHIRUPHGVHFWLRQVRIVDPHPDWHULDODVVWUDLJKWVHJPHQWVRISLSHLQVXODWLRQZKHQ DYDLODEOH
 :KHQSUHIRUPHGLQVXODWLRQHOERZVDQGILWWLQJVDUHQRWDYDLODEOHLQVWDOOPLWHUHGVHFWLRQV RI SLSH LQVXODWLRQ WR D WKLFNQHVV HTXDO WR DGMRLQLQJ SLSH LQVXODWLRQ  6HFXUH LQVXODWLRQ PDWHULDOVZLWKZLUHRUEDQGV
' ,QVXODWLRQ,QVWDOODWLRQRQ9DOYHVDQG3LSH6SHFLDOWLHV 
 ,QVWDOOSUHIRUPHGVHFWLRQVRIVDPHPDWHULDODVVWUDLJKWVHJPHQWVRISLSHLQVXODWLRQZKHQ DYDLODEOH
 :KHQSUHIRUPHGVHFWLRQVDUHQRWDYDLODEOHLQVWDOOPLWHUHGVHFWLRQVRISLSHLQVXODWLRQWR YDOYHERG\
 $UUDQJH LQVXODWLRQ WR SHUPLW DFFHVV WR SDFNLQJ DQG WR DOORZ YDOYH RSHUDWLRQ ZLWKRXW GLVWXUELQJLQVXODWLRQ
 ,QVWDOOLQVXODWLRQWRIODQJHVDVVSHFLILHGIRUIODQJHLQVXODWLRQDSSOLFDWLRQ 
 32/<2/(),1,168/$7,21,167$//$7,21
$ ,QVXODWLRQ,QVWDOODWLRQRQ6WUDLJKW3LSHVDQG7XEHV 
 6HDO VSOLWWXEH ORQJLWXGLQDO VHDPV DQG HQG MRLQWV ZLWK PDQXIDFWXUHU V UHFRPPHQGHG
DGKHVLYH WR HOLPLQDWH RSHQLQJV LQ LQVXODWLRQ WKDW DOORZ SDVVDJH RI DLU WR VXUIDFH EHLQJ LQVXODWHG
% ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)ODQJHV

 ,QVWDOOSLSHLQVXODWLRQWRRXWHUGLDPHWHURISLSHIODQJH  0DNHZLGWKRILQVXODWLRQVHFWLRQVDPHDVRYHUDOOZLGWKRIIODQJHDQGEROWVSOXVWZLFHWKH WKLFNQHVVRISLSHLQVXODWLRQ
 )LOO YRLGV EHWZHHQ LQQHU FLUFXPIHUHQFH RI IODQJH LQVXODWLRQ DQG RXWHU FLUFXPIHUHQFH RI DGMDFHQWVWUDLJKWSLSHVHJPHQWVZLWKFXWVHFWLRQVRISRO\ROHILQVKHHWLQVXODWLRQRIVDPH WKLFNQHVVDVSLSHLQVXODWLRQ
 6HFXUHLQVXODWLRQWRIODQJHVDQGVHDOVHDPVZLWKPDQXIDFWXUHU VUHFRPPHQGHGDGKHVLYH
WRHOLPLQDWHRSHQLQJVLQLQVXODWLRQWKDWDOORZSDVVDJHRIDLUWRVXUIDFHEHLQJLQVXODWHG & ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)LWWLQJVDQG(OERZV 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 ,QVWDOOPLWHUHGVHFWLRQVRISRO\ROHILQSLSHLQVXODWLRQ  6HFXUHLQVXODWLRQPDWHULDOVDQGVHDOVHDPVZLWKPDQXIDFWXUHU VUHFRPPHQGHGDGKHVLYH
WRHOLPLQDWHRSHQLQJVLQLQVXODWLRQWKDWDOORZSDVVDJHRIDLUWRVXUIDFHEHLQJLQVXODWHG ' ,QVXODWLRQ,QVWDOODWLRQRQ9DOYHVDQG3LSH6SHFLDOWLHV 
 ,QVWDOOFXWVHFWLRQVRISRO\ROHILQSLSHDQGVKHHWLQVXODWLRQWRYDOYHERG\  $UUDQJH LQVXODWLRQ WR SHUPLW DFFHVV WR SDFNLQJ DQG WR DOORZ YDOYH RSHUDWLRQ ZLWKRXW GLVWXUELQJLQVXODWLRQ
 ,QVWDOOLQVXODWLRQWRIODQJHVDVVSHFLILHGIRUIODQJHLQVXODWLRQDSSOLFDWLRQ  6HFXUH LQVXODWLRQ WR YDOYHV DQG VSHFLDOWLHV DQG VHDO VHDPV ZLWK PDQXIDFWXUHU V
UHFRPPHQGHG DGKHVLYHWR HOLPLQDWH RSHQLQJV LQ LQVXODWLRQWKDW DOORZ SDVVDJH RI DLUWR VXUIDFHEHLQJLQVXODWHG
 32/<67<5(1(,168/$7,21,167$//$7,21
$ ,QVXODWLRQ,QVWDOODWLRQRQ6WUDLJKW3LSHVDQG7XEHV 
 6HFXUHHDFKOD\HURILQVXODWLRQZLWKWDSHRUEDQGVDQGWLJKWHQEDQGVZLWKRXWGHIRUPLQJ LQVXODWLRQPDWHULDOV 2ULHQW ORQJLWXGLQDO MRLQWV EHWZHHQ KDOI VHFWLRQV LQ  DQG  R
FORFN
SRVLWLRQVRQWKHSLSH
 )RULQVXODWLRQ ZLWKIDFWRU\DSSOLHGMDFNHWVZLWK YDSRU EDUULHUVGRQRW VWDSOH ORQJLWXGLQDO WDEV EXW VHFXUH WDEV ZLWK DGGLWLRQDO DGKHVLYH RU WDSH DV UHFRPPHQGHG E\ LQVXODWLRQ PDWHULDOPDQXIDFWXUHUDQGVHDOZLWKYDSRUEDUULHUPDVWLF  $OOLQVXODWLRQVKDOOEHWLJKWO\EXWWHGDQGIUHHRIYRLGVDQGJDSVDWDOOMRLQWV9DSRUEDUULHU PXVWEHFRQWLQXRXV%HIRUHLQVWDOOLQJMDFNHWPDWHULDOLQVWDOOYDSRUEDUULHUV\VWHP % ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)ODQJHV

 ,QVWDOOSUHIRUPHGSLSHLQVXODWLRQWRRXWHUGLDPHWHURISLSHIODQJH  0DNH ZLGWK RI LQVXODWLRQ VHFWLRQ VDPH DV RYHUDOO ZLGWK RI IODQJH DQG EROWV VDPH WKLFNQHVVRIDGMDFHQWSLSHLQVXODWLRQQRWWRH[FHHGLQFK PP
WKLFNQHVV
 )LOO YRLGV EHWZHHQ LQQHU FLUFXPIHUHQFH RI IODQJH LQVXODWLRQ DQG RXWHU FLUFXPIHUHQFH RI DGMDFHQWVWUDLJKWSLSHVHJPHQWVZLWKFXWVHFWLRQVRISRO\VW\UHQHEORFNLQVXODWLRQRIVDPH WKLFNQHVVDVSLSHLQVXODWLRQ
& ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)LWWLQJVDQG(OERZV 
 ,QVWDOO SUHIRUPHG LQVXODWLRQ VHFWLRQV RI VDPH PDWHULDO DV VWUDLJKW VHJPHQWV RI SLSH LQVXODWLRQ6HFXUHDFFRUGLQJWRPDQXIDFWXUHU
VZULWWHQLQVWUXFWLRQV
' ,QVXODWLRQ,QVWDOODWLRQRQ9DOYHVDQG3LSH6SHFLDOWLHV 
 ,QVWDOOSUHIRUPHGVHFWLRQRISRO\VW\UHQHLQVXODWLRQWRYDOYHERG\  $UUDQJH LQVXODWLRQ WR SHUPLW DFFHVV WR SDFNLQJ DQG WR DOORZ YDOYH RSHUDWLRQ ZLWKRXW GLVWXUELQJLQVXODWLRQ
 ,QVWDOOLQVXODWLRQWRIODQJHVDVVSHFLILHGIRUIODQJHLQVXODWLRQDSSOLFDWLRQ -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 ),(/'$33/,('-$&.(7,167$//$7,21
$ :KHUH)6.MDFNHWVDUHLQGLFDWHGLQVWDOODVIROORZV 
 'UDZMDFNHWPDWHULDOVPRRWKDQGWLJKW
 ,QVWDOOODSRUMRLQWVWULSVZLWKVDPHPDWHULDODVMDFNHW  6HFXUHMDFNHWWRLQVXODWLRQZLWKPDQXIDFWXUHU
VUHFRPPHQGHGDGKHVLYH
 ,QVWDOO MDFNHW ZLWK LQFK
PP
 ODSV DW ORQJLWXGLQDO VHDPV DQG LQFK
PP

ZLGHMRLQWVWULSVDWHQGMRLQWV
 6HDO RSHQLQJV SXQFWXUHV DQG EUHDNV LQ YDSRUUHWDUGHU MDFNHWV DQG H[SRVHG LQVXODWLRQ ZLWKYDSRUEDUULHUPDVWLF
% :KHUH39&MDFNHWVDUHLQGLFDWHGLQVWDOOZLWKLQFK PP
RYHUODSDWORQJLWXGLQDOVHDPVDQG
HQG MRLQWV
IRU KRUL]RQWDO DSSOLFDWLRQV LQVWDOO ZLWK ORQJLWXGLQDO VHDPV DORQJWRS DQG ERWWRP RI WDQNVDQGYHVVHOV6HDOZLWKPDQXIDFWXUHU
VUHFRPPHQGHGDGKHVLYH
 $SSO\WZRFRQWLQXRXVEHDGVRIDGKHVLYHWRVHDPVDQGMRLQWVRQHEHDGXQGHUODSDQGWKH ILQLVKEHDGDORQJVHDPDQGMRLQWHGJH
& :KHUHPHWDOMDFNHWVDUHLQGLFDWHGLQVWDOOZLWKLQFK PP
RYHUODSDWORQJLWXGLQDOVHDPVDQG
HQG MRLQWV  2YHUODS ORQJLWXGLQDO VHDPV DUUDQJHG WR VKHG ZDWHU  6HDO HQG MRLQWV ZLWK ZHDWKHUSURRIVHDODQW UHFRPPHQGHGE\LQVXODWLRQPDQXIDFWXUHU6HFXUHMDFNHWZLWKVWDLQOHVV VWHHOEDQGVLQFKHV
PP
RFDQGDWHQGMRLQWV
' :KHUH39'&MDFNHWVDUHLQGLFDWHGLQVWDOODVIROORZV 
 $SSO\ WKUHH VHSDUDWH ZUDSV RI ILODPHQW WDSH SHU LQVXODWLRQ VHFWLRQ WR VHFXUH SLSH LQVXODWLRQWRSLSHSULRUWRLQVWDOODWLRQRI39'&MDFNHW  :UDS IDFWRU\SUHVL]HG MDFNHWV DURXQG LQGLYLGXDO SLSH LQVXODWLRQ VHFWLRQV ZLWK RQH HQG RYHUODSSLQJ WKH SUHYLRXVO\ LQVWDOOHG VKHHW  ,QVWDOO SUHVL]HG MDFNHW ZLWK DQ DSSUR[LPDWH RYHUODSDWEXWWMRLQWRILQFKHV
PP
RYHUWKHSUHYLRXVVHFWLRQ$GKHUHODSVHDOXVLQJ
DGKHVLYHRU66/DQGWKHQDSSO\FLUFXPIHUHQFHVRIDSSURSULDWH39'&WDSHDURXQG RYHUODSSHGEXWWMRLQW
 &RQWLQXRXV MDFNHW FDQ EH VSLUDO ZUDSSHG DURXQG D OHQJWK RI SLSH LQVXODWLRQ  $SSO\ DGKHVLYHRU39'&WDSHDWRYHUODSSHGVSLUDOHGJH:KHQHOHFWLQJWRXVHDGKHVLYHVUHIHU WRPDQXIDFWXUHU
VZULWWHQLQVWUXFWLRQVIRUDSSOLFDWLRQRIDGKHVLYHVDORQJWKLVVSLUDOHGJHWR PDLQWDLQDSHUPDQHQWERQG
 -DFNHWFDQEHZUDSSHGLQFLJDUHWWHIDVKLRQDORQJOHQJWKRIUROOIRULQVXODWLRQV\VWHPVZLWK DQRXWHUFLUFXPIHUHQFHRILQFKHV
PP
RUOHVV7KHLQFK
PP

FLUFXPIHUHQFH OLPLW DOORZV IRU LQFK
PP
 RYHUODS VHDO  8VLQJ WKH OHQJWK RI UROO
DOORZVIRUORQJHUVHFWLRQVRIMDFNHWWREHLQVWDOOHGDWRQHWLPH8VHDGKHVLYHRQWKHODS VHDO9LVXDOO\LQVSHFWODSVHDOIRUILVKPRXWKLQJDQGXVH39'&WDSHDORQJODSVHDOWR VHFXUHMRLQW
 5HSDLU KROHV RUWHDUV LQ 39'& MDFNHW E\ SODFLQJ39'&WDSH RYHUWKH KROH RUWHDU DQG ZUDSSLQJDPLQLPXPRIFLUFXPIHUHQFHVWRDYRLGGDPDJHWRWDSHHGJHV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 ),1,6+(6
$ (TXLSPHQWDQG3LSH,QVXODWLRQZLWK$6-RU2WKHU3DLQWDEOH-DFNHW0DWHULDO 3DLQWMDFNHWZLWK
SDLQWV\VWHPLGHQWLILHGEHORZDQGDVVSHFLILHGLQ'LYLVLRQ SDLQWLQJ6HFWLRQV
 )ODW$FU\OLF)LQLVK
7ZRILQLVKFRDWVRYHUDSULPHUWKDWLVFRPSDWLEOHZLWKMDFNHWPDWHULDO DQGILQLVKFRDWSDLQW$GGIXQJLFLGDODJHQWWRUHQGHUIDEULFPLOGHZSURRI D )LQLVK&RDW0DWHULDO
,QWHULRUIODWODWH[HPXOVLRQVL]H
% )OH[LEOH (ODVWRPHULF 7KHUPDO ,QVXODWLRQ
  $IWHU DGKHVLYH KDV IXOO\ FXUHG DSSO\ WZR FRDWV RI LQVXODWLRQPDQXIDFWXUHU
VUHFRPPHQGHGSURWHFWLYHFRDWLQJ
& &RORU
  )LQDO FRORU DV VHOHFWHG E\ $UFKLWHFW  9DU\ ILUVW DQG VHFRQG FRDWV WR DOORZ YLVXDO LQVSHFWLRQRIWKHFRPSOHWHG:RUN
' 'RQRWILHOGSDLQWDOXPLQXPRUVWDLQOHVVVWHHOMDFNHWV  3,3,1*,168/$7,216&+('8/(*(1(5$/
$ $FFHSWDEOH SUHIRUPHG SLSH DQGWXEXODU LQVXODWLRQ PDWHULDOV DQG WKLFNQHVVHV DUH LGHQWLILHGIRU HDFKSLSLQJV\VWHPDQGSLSHVL]HUDQJH,IPRUHWKDQRQHPDWHULDOLVOLVWHGIRUDSLSLQJV\VWHP VHOHFWLRQIURPPDWHULDOVOLVWHGLV&RQWUDFWRU
VRSWLRQ
% ,WHPV1RW,QVXODWHG
8QOHVVRWKHUZLVHLQGLFDWHGGRQRWLQVWDOOLQVXODWLRQRQWKHIROORZLQJ 
 'UDLQDJHSLSLQJORFDWHGLQFUDZOVSDFHV
 8QGHUJURXQGSLSLQJ
 &KURPHSODWHGSLSHVDQGILWWLQJVXQOHVVWKHUHLVDSRWHQWLDOIRUSHUVRQQHOLQMXU\  ,1'2253,3,1*,168/$7,216&+('8/(
$ 'RPHVWLF+RWDQG5HFLUFXODWHG+RW:DWHU
,QVXODWLRQVKDOOEHWKHIROORZLQJ

 3HUSODQVSHFLILFDWLRQV
(1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
,17(17,21$//()7%/$1.
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
6(&7,21
'20(67,&:$7(53,3,1*
3$57*(1(5$/
 6800$5<
$ 6HFWLRQ,QFOXGHV

 8QGHUEXLOGLQJ VODE DQG DERYHJURXQG GRPHVWLF ZDWHU SLSHV WXEHV ILWWLQJV DQG VSHFLDOWLHVLQVLGHWKHEXLOGLQJ
 6SHFLDOW\YDOYHV
 )OH[LEOHFRQQHFWRUV
 (VFXWFKHRQV
 6OHHYHVDQGVOHHYHVHDOV
 3(5)250$1&(5(48,5(0(176
$ 6HLVPLF 3HUIRUPDQFH
  'RPHVWLF ZDWHU SLSLQJ DQG VXSSRUW DQG LQVWDOODWLRQ VKDOO ZLWKVWDQG HIIHFWVRIHDUWKTXDNHPRWLRQVGHWHUPLQHGDFFRUGLQJWR6(,$6&(  68%0,77$/6
$ 3URGXFW'DWD
)RUHDFKW\SHRISURGXFWLQGLFDWHG
% )LHOGTXDOLW\FRQWUROUHSRUWV
 48$/,7<$6685$1&(
$ 3LSLQJPDWHULDOVVKDOOEHDUODEHOVWDPSRURWKHUPDUNLQJVRIVSHFLILHGWHVWLQJDJHQF\ % &RPSO\ZLWK16)IRUSODVWLFSRWDEOHGRPHVWLFZDWHUSLSLQJDQGFRPSRQHQWV & &RPSO\ZLWK16)IRUSRWDEOHGRPHVWLFZDWHUSLSLQJDQGFRPSRQHQWV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
3$57352'8&76
 3,3,1*0$7(5,$/6
$ &RPSO\ ZLWK UHTXLUHPHQWV LQ 3LSLQJ 6FKHGXOH $UWLFOH IRU DSSOLFDWLRQV RI SLSH WXEH ILWWLQJ PDWHULDOVDQGMRLQLQJPHWKRGVIRUVSHFLILFVHUYLFHVVHUYLFHORFDWLRQVDQGSLSHVL]HV  &233(578%($1'),77,1*6
$ +DUG &RSSHU 7XEH
  $670% 7\SH/
$670%0 7\SH%
 DQG $670% 7\SH0
$670%07\SH&
ZDWHUWXEHGUDZQWHPSHU
 &DVW&RSSHU6ROGHU-RLQW)LWWLQJV
$60(%SUHVVXUHILWWLQJV
 :URXJKW&RSSHU6ROGHU-RLQW)LWWLQJV
$60(%ZURXJKWFRSSHUSUHVVXUHILWWLQJV
 %URQ]H)ODQJHV
$60(%&ODVVZLWKVROGHUMRLQWHQGV
 &RSSHU 8QLRQV
  06663 FDVWFRSSHUDOOR\ KH[DJRQDOVWRFN ERG\ ZLWK EDOODQG VRFNHWPHWDOWRPHWDOVHDWLQJVXUIDFHVDQGVROGHUMRLQWRUWKUHDGHGHQGV  &RSSHU3UHVVXUH6HDO-RLQW)LWWLQJV

D 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVDYDLODEOHPDQXIDFWXUHUV RIIHULQJ SURGXFWV WKDW PD\ EH LQFRUSRUDWHG LQWR WKH :RUN LQFOXGH EXW DUH QRW OLPLWHGWRWKHIROORZLQJ


 (ONKDUW3URGXFWV&RUSRUDWLRQ
,QGXVWULDO'LYLVLRQ

 1,%&2,1&

 9LHJD
3OXPELQJDQG+HDWLQJ6\VWHPV
E 136
'1
DQG6PDOOHU
:URXJKWFRSSHUILWWLQJZLWK(3'0UXEEHU2ULQJVHDO
LQHDFKHQG
F 136 WR 136
'1 WR '1

  &DVWEURQ]H RU ZURXJKWFRSSHU ILWWLQJ
ZLWK(3'0UXEEHU2ULQJVHDOLQHDFKHQG
% 6RIW &RSSHU 7XEH
  $670% 7\SH.
$670%0 7\SH$
 DQG $670% 7\SH/

$670%07\SH%
ZDWHUWXEHDQQHDOHGWHPSHU
 &RSSHU6ROGHU-RLQW)LWWLQJV
$60(%ZURXJKWFRSSHUSUHVVXUHILWWLQJV
 &RSSHU3UHVVXUH6HDO-RLQW)LWWLQJV

D 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVDYDLODEOHPDQXIDFWXUHUV RIIHULQJ SURGXFWV WKDW PD\ EH LQFRUSRUDWHG LQWR WKH :RUN LQFOXGH EXW DUH QRW OLPLWHGWRWKHIROORZLQJ


 (ONKDUW3URGXFWV&RUSRUDWLRQ
,QGXVWULDO'LYLVLRQ

 1,%&2,1&

 9LHJD
3OXPELQJDQG+HDWLQJ6\VWHPV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
E 136
'1
DQG6PDOOHU
:URXJKWFRSSHUILWWLQJZLWK(3'0UXEEHU2ULQJVHDO
LQHDFKHQG
F 136 DQG 136
'1 DQG '1

  &DVWEURQ]H RU ZURXJKWFRSSHU ILWWLQJ
ZLWK(3'0UXEEHU2ULQJVHDOLQHDFKHQG
 '8&7,/(,5213,3($1'),77,1*6
$ 3XVKRQ-RLQW 'XFWLOH,URQ 3LSH
  $::$& ZLWK SXVKRQMRLQW EHOO DQG SODLQ VSLJRW HQG XQOHVVJURRYHGRUIODQJHGHQGVDUHLQGLFDWHG
 6WDQGDUG3DWWHUQ3XVKRQ-RLQW)LWWLQJV
$::$&GXFWLOHRUJUD\LURQ
D *DVNHWV
$::$&UXEEHU
 &RPSDFW3DWWHUQ3XVKRQ-RLQW)LWWLQJV
$::$&GXFWLOHLURQ
D *DVNHWV
$::$&UXEEHU
 *$/9$1,=('67((/3,3($1'),77,1*6
$ *DOYDQL]HG6WHHO3LSH
$670$$07\SH(*UDGH%6WDQGDUG:HLJKW,QFOXGHHQGV PDWFKLQJMRLQLQJPHWKRG
 *DOYDQL]HG6WHHO 3LSH 1LSSOHV
  $670$ PDGH RI $670$$0 RU
$670$$06WDQGDUG:HLJKWVHDPOHVVVWHHOSLSHZLWKWKUHDGHGHQGV  *DOYDQL]HG*UD\,URQ7KUHDGHG)LWWLQJV
$60(%&ODVVVWDQGDUGSDWWHUQ
 0DOOHDEOH,URQ 8QLRQV
  $60(%
 &ODVV KH[DJRQDOVWRFN ERG\ ZLWK EDOODQG
VRFNHWPHWDOWRPHWDOEURQ]HVHDWLQJVXUIDFHDQGIHPDOHWKUHDGHGHQGV  )ODQJHV
$60(%&ODVVFDVWLURQ
 &39&3,3,1*
$ &39&7XELQJ6\VWHP
$670''06'5WXEHDQGVRFNHWILWWLQJV  3(;78%($1'),77,1*6
$ 3(;'LVWULEXWLRQ6\VWHP
$670)6'5
WXELQJ
 )LWWLQJV IRU 3(; 7XEH
  $670) PHWDOLQVHUW W\SH ZLWK FRSSHU RU VWDLQOHVVVWHHO FULPSULQJVDQGPDWFKLQJ3(;WXEHGLPHQVLRQV
 0DQLIROG
  0XOWLSOHRXWOHW SODVWLF RU FRUURVLRQUHVLVWDQWPHWDO DVVHPEO\ FRPSO\LQJ ZLWK $670)
ZLWKSODVWLFRUFRUURVLRQUHVLVWDQWPHWDOYDOYHIRUHDFKRXWOHW -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 39&3,3($1'),77,1*6
$ 39&3LSH
$670'6FKHGXOHDQG6FKHGXOH
 39&6RFNHW)LWWLQJV
$670'IRU6FKHGXOHDQG$670'IRU6FKHGXOH  3,3,1*-2,1,1*0$7(5,$/6
$ 3LSH)ODQJH *DVNHW 0DWHULDOV
  $::$& UXEEHU IODW IDFH  LQFK
 PP
 WKLFN RU
$60(%QRQPHWDOOLFDQGDVEHVWRVIUHHXQOHVVRWKHUZLVHLQGLFDWHG IXOOIDFHRUULQJW\SH
XQOHVVRWKHUZLVHLQGLFDWHG
% 0HWDO3LSH)ODQJH%ROWVDQG1XWV
$60(%FDUERQVWHHOXQOHVVRWKHUZLVHLQGLFDWHG & 6ROGHU )LOOHU 0HWDOV
  $670% OHDGIUHH DOOR\V  ,QFOXGH ZDWHUIOXVKDEOH IOX[ DFFRUGLQJ WR $670%
' %UD]LQJ)LOOHU0HWDOV
$:6$$0%&X36HULHV FRSSHUSKRVSKRUXVDOOR\VIRUJHQHUDO GXW\EUD]LQJXQOHVVRWKHUZLVHLQGLFDWHG
( 6ROYHQW&HPHQWVIRU-RLQLQJ&39&3LSLQJDQG7XELQJ
$670)

) 6ROYHQW &HPHQWV IRU -RLQLQJ 39& 3LSLQJ
  $670'  ,QFOXGH SULPHU DFFRUGLQJ WR
$670)
* 3ODVWLF 3LSH)ODQJH *DVNHWV %ROWV DQG 1XWV
  7\SH DQG PDWHULDO UHFRPPHQGHG E\ SLSLQJ
V\VWHPPDQXIDFWXUHUXQOHVVRWKHUZLVHLQGLFDWHG

 63(&,$/7<9$/9(6
$ &RPSO\ZLWKUHTXLUHPHQWVLQ'LYLVLRQ6HFWLRQ*HQHUDO'XW\9DOYHVIRU3OXPELQJ3LSLQJIRU JHQHUDOGXW\PHWDOYDOYHV
% &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ 6HFWLRQ 'RPHVWLF :DWHU 3LSLQJ 6SHFLDOWLHV IRU EDODQFLQJYDOYHVGUDLQYDOYHVEDFNIORZSUHYHQWHUVDQGYDFXXPEUHDNHUV & &39&8QLRQ%DOO9DOYHV

 'HVFULSWLRQ

D 6WDQGDUG
06663
E %RG\0DWHULDO
&39&
F %RG\'HVLJQ
8QLRQW\SH
G (QG&RQQHFWLRQVIRU9DOYHV136
'1
DQG6PDOOHU
'HWDFKDEOHVRFNHW
H %DOO
&39&
IXOOSRUW
I 6HDOV
37)(RU(3'0UXEEHU2ULQJV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
J +DQGOH
7HHVKDSHG
' &39&%DOO&KHFN9DOYHV

 'HVFULSWLRQ

D %RG\0DWHULDO
&39&
E %RG\'HVLJQ
8QLRQW\SHEDOOFKHFN
F (QG&RQQHFWLRQVIRU9DOYHV136
'1
DQG6PDOOHU
'HWDFKDEOHVRFNHW
G %DOO
&39&
H 6HDOV
(3'0RU).0UXEEHU2ULQJV
( &39&*DWH9DOYHV

 'HVFULSWLRQ

D %RG\0DWHULDO
&39&
E %RG\'HVLJQ
1RQULVLQJVWHP
F (QG&RQQHFWLRQVIRU9DOYHV136
'1
DQG6PDOOHU
6RFNHW
G *DWHDQG6WHP
3ODVWLF
H 6HDOV
(3'0UXEEHU
I +DQGOH
:KHHO
 75$16,7,21),77,1*6
$ )LWWLQJ7\SH 7UDQVLWLRQ &RXSOLQJV
  0DQXIDFWXUHG SLSLQJ FRXSOLQJ RU VSHFLILHG SLSLQJ V\VWHP ILWWLQJ
% 6OHHYH7\SH7UDQVLWLRQ&RXSOLQJ
$::$&

& 3ODVWLFWR0HWDO7UDQVLWLRQ)LWWLQJV

 'HVFULSWLRQ
  &39& RQHSLHFH ILWWLQJ ZLWK PDQXIDFWXUHU
V 6FKHGXOH HTXLYDOHQW

GLPHQVLRQV
 RQH HQG ZLWK WKUHDGHG EUDVV LQVHUW DQG RQH VROYHQWFHPHQWVRFNHW RU WKUHDGHGHQG
' 3ODVWLFWR0HWDO7UDQVLWLRQ8QLRQV

 'HVFULSWLRQ
  &39& IRXUSDUW XQLRQ  ,QFOXGH EUDVVRU VWDLQOHVVVWHHO WKUHDGHG HQG VROYHQWFHPHQWMRLQWSODVWLFHQGUXEEHU2ULQJDQGXQLRQQXW  ',(/(&75,&),77,1*6
$ *HQHUDO 5HTXLUHPHQWV
  $VVHPEO\ RI FRSSHU DOOR\ DQG IHUURXV PDWHULDOV RU IHUURXV PDWHULDO ERG\ZLWKVHSDUDWLQJQRQFRQGXFWLYHLQVXODWLQJPDWHULDOVXLWDEOHIRUV\VWHPIOXLGSUHVVXUHDQG WHPSHUDWXUH
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
% 'LHOHFWULF8QLRQV

 'HVFULSWLRQ

D (QG&RQQHFWLRQV
6ROGHUMRLQWFRSSHUDOOR\DQGWKUHDGHGIHUURXV
& 'LHOHFWULF)ODQJHV

 'HVFULSWLRQ

D )DFWRU\IDEULFDWHGEROWHGFRPSDQLRQIODQJHDVVHPEO\ E (QG&RQQHFWLRQV
6ROGHUMRLQWFRSSHUDOOR\DQGWKUHDGHGIHUURXV
WKUHDGHGVROGHU
MRLQWFRSSHUDOOR\DQGWKUHDGHGIHUURXV
' 'LHOHFWULF)ODQJH.LWV

 'HVFULSWLRQ

D 1RQFRQGXFWLQJPDWHULDOVIRUILHOGDVVHPEO\RIFRPSDQLRQIODQJHV E *DVNHW
1HRSUHQHRUSKHQROLF
F %ROW6OHHYHV
3KHQROLFRUSRO\HWK\OHQH
G :DVKHUV
3KHQROLFZLWKVWHHOEDFNLQJZDVKHUV
( 'LHOHFWULF&RXSOLQJV

 'HVFULSWLRQ

D *DOYDQL]HGVWHHOFRXSOLQJ
E (QG&RQQHFWLRQV
)HPDOHWKUHDGHG
F /LQLQJ
,QHUWDQGQRQFRUURVLYHWKHUPRSODVWLF
) 'LHOHFWULF1LSSOHV

 'HVFULSWLRQ

D (OHFWURSODWHGVWHHOQLSSOHFRPSO\LQJZLWK$670) E (QG&RQQHFWLRQV
0DOHWKUHDGHGRUJURRYHG
F /LQLQJ
,QHUWDQGQRQFRUURVLYHSURS\OHQH
 (6&87&+(216
$ *HQHUDO
0DQXIDFWXUHGFHLOLQJIORRUDQGZDOOHVFXWFKHRQVDQGIORRUSODWHV % 2QH3LHFH&DVW%UDVV
3ROLVKHGFKURPHSODWHGILQLVKZLWKVHWVFUHZV
& 2QH3LHFH'HHS3DWWHUQ
'HHSGUDZQER[VKDSHGEUDVVZLWKFKURPHSODWHGILQLVK -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
' 2QH3LHFH6WDPSHG6WHHO
&KURPHSODWHGILQLVKZLWKVHWVFUHZRUVSULQJFOLSV
( 6SOLW&DVWLQJ&DVW%UDVV
3ROLVKHGFKURPHSODWHGILQLVKZLWKFRQFHDOHGKLQJHDQGVHWVFUHZ ) 6SOLW 3ODWH 6WDPSHG 6WHHO
  &KURPHSODWHG ILQLVK ZLWK FRQFHDOHG KLQJH VHWVFUHZ RU VSULQJ FOLSV
* 2QH3LHFH)ORRU3ODWHV
&DVWLURQIODQJHZLWKKROHVIRUIDVWHQHUV
+ 6SOLW&DVWLQJ)ORRU3ODWHV
&DVWEUDVVZLWKFRQFHDOHGKLQJH
 6/((9(6
$ &DVW,URQ:DOO3LSHV
)DEULFDWHGRIFDVWLURQDQGHTXLYDOHQWWRGXFWLOHLURQSUHVVXUHSLSHZLWK SODLQHQGVDQGLQWHJUDOZDWHUVWRSXQOHVVRWKHUZLVHLQGLFDWHG % *DOYDQL]HG6WHHO6KHHW6OHHYHV

LQFK
PP
PLQLPXPWKLFNQHVV
URXQGWXEHFORVHG
ZLWKZHOGHGORQJLWXGLQDOMRLQW
& 39&3LSH6OHHYHV
$670'6FKHGXOH
' *DOYDQL]HG6WHHO3LSH 6OHHYHV
  $670$$0 7\SH( *UDGH% 6FKHGXOH ]LQF FRDWHGZLWKSODLQHQGV
( 6WDFN 6OHHYH )LWWLQJV
  0DQXIDFWXUHG FDVWLURQ VOHHYH ZLWK LQWHJUDO FODPSLQJ IODQJH  ,QFOXGH FODPSLQJULQJDQGEROWVDQGQXWVIRUPHPEUDQHIODVKLQJ  8QGHUGHFN&ODPS
&ODPSLQJULQJZLWKVHWVFUHZV
 *5287
$ 6WDQGDUG
  $670& *UDGH% SRVWKDUGHQLQJ DQG YROXPHDGMXVWLQJ GU\ K\GUDXOLF FHPHQWJURXW
% &KDUDFWHULVWLFV
1RQVKULQN
UHFRPPHQGHGIRULQWHULRUDQGH[WHULRUDSSOLFDWLRQV
& 'HVLJQ0L[
SVL
03D
GD\FRPSUHVVLYHVWUHQJWK
' 3DFNDJLQJ
3UHPL[HGDQGIDFWRU\SDFNDJHG
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
3$57(;(&87,21
 ($57+:25.
$ &RPSO\ZLWKUHTXLUHPHQWVLQ'LYLVLRQ6HFWLRQ(DUWK0RYLQJIRUH[FDYDWLQJWUHQFKLQJDQG EDFNILOOLQJ
 3,3,1*,167$//$7,21
$ 'UDZLQJ SODQV VFKHPDWLFV DQG GLDJUDPV LQGLFDWH JHQHUDO ORFDWLRQ DQG DUUDQJHPHQW RI GRPHVWLF ZDWHU SLSLQJ  ,QGLFDWHG ORFDWLRQV DQG DUUDQJHPHQWV DUH XVHG WR VL]H SLSH DQG FDOFXODWHIULFWLRQ ORVV H[SDQVLRQ DQG RWKHU GHVLJQ FRQVLGHUDWLRQV,QVWDOO SLSLQJ DV LQGLFDWHG XQOHVVGHYLDWLRQVWROD\RXWDUHDSSURYHGRQ&RRUGLQDWLRQ'UDZLQJV % ,QVWDOOFRSSHUWXELQJXQGHUEXLOGLQJVODEDFFRUGLQJWR&'$ V&RSSHU7XEH+DQGERRN
& ,QVWDOO GXFWLOHLURQ SLSLQJ XQGHU EXLOGLQJ VODE ZLWK UHVWUDLQHG MRLQWV DFFRUGLQJ WR $::$& DQG$::$0
' ,QVWDOO VKXWRII YDOYH KRVHHQG GUDLQ YDOYH VWUDLQHU SUHVVXUH JDJH DQG WHVW WHH ZLWK YDOYH LQVLGH WKH EXLOGLQJ DW HDFK GRPHVWLF ZDWHU VHUYLFH HQWUDQFH  &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ6HFWLRQ0HWHUVDQG*DJHVIRU3OXPELQJ3LSLQJIRUSUHVVXUHJDJHVDQG'LYLVLRQ 6HFWLRQ'RPHVWLF:DWHU3LSLQJ6SHFLDOWLHVIRUGUDLQYDOYHVDQGVWUDLQHUV ( ,QVWDOOVKXWRIIYDOYHLPPHGLDWHO\XSVWUHDPRIHDFKGLHOHFWULFILWWLQJ ) ,QVWDOO ZDWHUSUHVVXUHUHGXFLQJ YDOYHV GRZQVWUHDP IURP VKXWRII YDOYHV  &RPSO\ ZLWK UHTXLUHPHQWVLQ'LYLVLRQ6HFWLRQ'RPHVWLF:DWHU3LSLQJ6SHFLDOWLHVIRUSUHVVXUHUHGXFLQJ YDOYHV
* ,QVWDOOGRPHVWLFZDWHUSLSLQJOHYHODQGSOXPE
+ 5RXJKLQ GRPHVWLF ZDWHU SLSLQJ IRU ZDWHUPHWHU LQVWDOODWLRQ DFFRUGLQJ WR XWLOLW\ FRPSDQ\ V
UHTXLUHPHQWV
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
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJH
RI
/ ,QVWDOOSLSLQJDERYHDFFHVVLEOHFHLOLQJVWRDOORZVXIILFLHQWVSDFHIRUFHLOLQJSDQHO UHPRYDODQG FRRUGLQDWHZLWKRWKHUVHUYLFHVRFFXS\LQJWKDWVSDFH
0 ,QVWDOOSLSLQJDGMDFHQWWRHTXLSPHQWDQGVSHFLDOWLHVWRDOORZVHUYLFHDQGPDLQWHQDQFH 1 ,QVWDOOSLSLQJWRSHUPLWYDOYHVHUYLFLQJ
2 ,QVWDOOQLSSOHVXQLRQVVSHFLDOILWWLQJVDQGYDOYHVZLWKSUHVVXUH UDWLQJVWKHVDPHDVRUKLJKHU WKDQV\VWHPSUHVVXUHUDWLQJXVHGLQDSSOLFDWLRQVEHORZXQOHVVRWKHUZLVHLQGLFDWHG 3 ,QVWDOOSLSLQJIUHHRIVDJVDQGEHQGV
4 ,QVWDOOILWWLQJVIRUFKDQJHVLQGLUHFWLRQDQGEUDQFKFRQQHFWLRQV 5 ,QVWDOO3(;SLSLQJZLWKORRSDWHDFKFKDQJHRIGLUHFWLRQRIPRUHWKDQ GHJUHHV
6 ,QVWDOO XQLRQV LQ FRSSHU WXELQJ DW ILQDO FRQQHFWLRQ WR HDFK SLHFH RI HTXLSPHQW PDFKLQH DQG VSHFLDOW\
7 ,QVWDOO SUHVVXUH JDJHV RQ VXFWLRQ DQG GLVFKDUJH SLSLQJ IURP HDFK SOXPELQJ SXPS DQG SDFNDJHGERRVWHUSXPS&RPSO\ZLWKUHTXLUHPHQWVLQ'LYLVLRQ6HFWLRQ0HWHUVDQG*DJHV IRU3OXPELQJ3LSLQJIRUSUHVVXUHJDJHV
8 ,QVWDOO WKHUPRVWDWV LQ KRWZDWHU FLUFXODWLRQ SLSLQJ  &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ 6HFWLRQ'RPHVWLF:DWHU3XPSVIRUWKHUPRVWDWV
9 ,QVWDOO WKHUPRPHWHUV RQ RXWOHW SLSLQJ IURP HDFK ZDWHU KHDWHU  &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ6HFWLRQ0HWHUVDQG*DJHVIRU3OXPELQJ3LSLQJIRUWKHUPRPHWHUV  -2,17&216758&7,21
$ 5HDPHQGVRISLSHVDQGWXEHVDQGUHPRYHEXUUV%HYHOSODLQHQGVRIVWHHOSLSH % 5HPRYHVFDOHVODJGLUWDQGGHEULVIURPLQVLGHDQGRXWVLGHRISLSHVWXEHVDQGILWWLQJVEHIRUH DVVHPEO\
& 7KUHDGHG -RLQWV
  7KUHDG SLSH ZLWK WDSHUHG SLSH WKUHDGV DFFRUGLQJ WR $60(%  &XW WKUHDGVIXOODQGFOHDQXVLQJVKDUSGLHV5HDPWKUHDGHGSLSHHQGVWRUHPRYHEXUUVDQGUHVWRUH IXOO,'-RLQSLSHILWWLQJVDQGYDOYHVDVIROORZV

 $SSO\DSSURSULDWHWDSHRUWKUHDGFRPSRXQGWRH[WHUQDOSLSHWKUHDGV  'DPDJHG 7KUHDGV
  'R QRW XVH SLSH RU SLSH ILWWLQJV ZLWK WKUHDGV WKDW DUH FRUURGHG RU GDPDJHG
' %UD]HG -RLQWV
  -RLQ FRSSHU WXEH DQG ILWWLQJV DFFRUGLQJ WR &'$ V &RSSHU 7XEH +DQGERRN
%UD]HG-RLQWV&KDSWHU
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
( 6ROGHUHG-RLQWV
$SSO\$670%ZDWHUIOXVKDEOHIOX[WRHQGRIWXEH-RLQFRSSHUWXEHDQG ILWWLQJVDFFRUGLQJWR$670%RU&'$
V&RSSHU7XEH+DQGERRN
) 3UHVVXUH6HDOHG-RLQWV
-RLQFRSSHUWXEHDQGSUHVVXUHVHDOILWWLQJVZLWKWRROVUHFRPPHQGHGE\ ILWWLQJPDQXIDFWXUHU
* &RSSHU7XELQJ 3XVKRQ -RLQWV
  &OHDQ HQG RI WXEH  0HDVXUH LQVHUWLRQ GHSWK ZLWK

PDQXIDFWXUHU
V GHSWK JDJH  -RLQ FRSSHU WXEH DQG SXVKRQMRLQW ILWWLQJV E\ LQVHUWLQJ WXEH WR PHDVXUHGGHSWK
+ )ODQJHG-RLQWV
6HOHFWDSSURSULDWHDVEHVWRVIUHHQRQPHWDOOLFJDVNHWPDWHULDOLQVL]HW\SHDQG WKLFNQHVVVXLWDEOHIRUGRPHVWLFZDWHUVHUYLFH-RLQIODQJHVZLWKJDVNHWDQGEROWVDFFRUGLQJWR $60(%

, 3ODVWLF 3LSLQJ 6ROYHQW&HPHQW -RLQWV
  &OHDQ DQG GU\ MRLQLQJ VXUIDFHV -RLQ SLSH DQGILWWLQJV DFFRUGLQJWRWKHIROORZLQJ

 &RPSO\ ZLWK $670) IRU VDIHKDQGOLQJ SUDFWLFH RI FOHDQHUV SULPHUV DQG VROYHQW FHPHQWV$SSO\SULPHU
 &39&3LSLQJ
-RLQDFFRUGLQJWR$670''0$SSHQGL[
 39&3LSLQJ
-RLQDFFRUGLQJWR$670'
- 3(;3LSLQJ-RLQWV
-RLQDFFRUGLQJWR$670)
. 'LVVLPLODU0DWHULDO3LSLQJ-RLQWV
0DNHMRLQWVXVLQJDGDSWHUVFRPSDWLEOHZLWKPDWHULDOVRIERWK SLSLQJV\VWHPV
 9$/9(,167$//$7,21
$ *HQHUDO'XW\9DOYHV
 &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ6HFWLRQ *HQHUDO'XW\9DOYHV IRU3OXPELQJ3LSLQJIRUYDOYHLQVWDOODWLRQV
% ,QVWDOOVKXWRIIYDOYHFORVHWRZDWHUPDLQRQHDFKEUDQFKDQG ULVHUVHUYLQJSOXPELQJIL[WXUHVRU HTXLSPHQWRQHDFKZDWHUVXSSO\WRHTXLSPHQWDQGRQHDFKZDWHUVXSSO\WRSOXPELQJIL[WXUHV WKDWGRQRWKDYHVXSSO\VWRSV8VHEDOORUJDWHYDOYHVIRUSLSLQJ136 '1
DQGVPDOOHU
8VHEXWWHUIO\RUJDWHYDOYHVIRUSLSLQJ136
'1
DQGODUJHU
& ,QVWDOOGUDLQYDOYHVIRUHTXLSPHQWDWEDVHRIHDFKZDWHUULVHUDWORZSRLQWVLQKRUL]RQWDOSLSLQJ DQG ZKHUH UHTXLUHG WR GUDLQ ZDWHU SLSLQJ  'UDLQ YDOYHV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ 'RPHVWLF:DWHU3LSLQJ6SHFLDOWLHV
 +RVH(QG'UDLQ9DOYHV
$WORZSRLQWVLQZDWHUPDLQVULVHUVDQGEUDQFKHV
 6WRSDQG:DVWH'UDLQ9DOYHV
,QVWHDGRIKRVHHQGGUDLQYDOYHVZKHUHLQGLFDWHG
' ,QVWDOO EDODQFLQJ YDOYH LQ HDFK KRWZDWHU FLUFXODWLRQ UHWXUQ EUDQFK DQG GLVFKDUJH VLGH RI HDFK SXPS DQG FLUFXODWRU6HW EDODQFLQJ YDOYHV SDUWO\ RSHQWR UHVWULFW EXW QRW VWRSIORZ 8VH EDOO YDOYHVIRUSLSLQJ136
'1
DQGVPDOOHUDQGEXWWHUIO\YDOYHVIRUSLSLQJ136 '1

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
DQG ODUJHU  &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ 6HFWLRQ 'RPHVWLF :DWHU 3LSLQJ 6SHFLDOWLHVIRUEDODQFLQJYDOYHV
 75$16,7,21),77,1*,167$//$7,21
$ ,QVWDOOWUDQVLWLRQFRXSOLQJVDWMRLQWVRIGLVVLPLODUSLSLQJ % 7UDQVLWLRQ)LWWLQJVLQ8QGHUJURXQG'RPHVWLF:DWHU3LSLQJ 
 136
'1
DQG6PDOOHU
)LWWLQJW\SHFRXSOLQJ
 136
'1
DQG/DUJHU
6OHHYHW\SHFRXSOLQJ
& 7UDQVLWLRQ)LWWLQJVLQ$ERYHJURXQG'RPHVWLF:DWHU3LSLQJ136 '1
DQG6PDOOHU
3ODVWLF
WRPHWDOWUDQVLWLRQ>ILWWLQJV@>RU@>XQLRQV@
 )/(;,%/(&211(&725,167$//$7,21
$ ,QVWDOOIOH[LEOHFRQQHFWRUVLQVXFWLRQDQGGLVFKDUJHSLSLQJFRQQHFWLRQVWRHDFKGRPHVWLFZDWHU SXPSDQGLQVXFWLRQDQGGLVFKDUJHPDQLIROGFRQQHFWLRQVWRHDFKGRPHVWLFZDWHUERRVWHUSXPS % ,QVWDOOEURQ]HKRVHIOH[LEOHFRQQHFWRUVLQFRSSHUGRPHVWLFZDWHUWXELQJ & ,QVWDOOVWDLQOHVVVWHHOKRVHIOH[LEOHFRQQHFWRUVLQVWHHOGRPHVWLFZDWHUSLSLQJ  +$1*(5$1'6833257,167$//$7,21
$ &RPSO\ZLWK UHTXLUHPHQWVLQ'LYLVLRQ6HFWLRQ9LEUDWLRQDQG6HLVPLF&RQWUROVIRU3OXPELQJ 3LSLQJDQG(TXLSPHQWIRUVHLVPLFUHVWUDLQWGHYLFHV
% &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ 6HFWLRQ +DQJHUV DQG 6XSSRUWV IRU 3OXPELQJ 3LSLQJ DQG(TXLSPHQWIRUSLSHKDQJHUDQGVXSSRUWSURGXFWVDQGLQVWDOODWLRQ  9HUWLFDO3LSLQJ
0667\SHRUFODPSV
 ,QGLYLGXDO6WUDLJKW+RUL]RQWDO3LSLQJ5XQV

D )HHW
P
DQG/HVV
0667\SHDGMXVWDEOHVWHHOFOHYLVKDQJHUV
E /RQJHU7KDQ)HHW
P

0667\SHDGMXVWDEOHUROOHUKDQJHUV
 %DVHRI9HUWLFDO3LSLQJ
0667\SHVSULQJKDQJHUV
& 6XSSRUWYHUWLFDOSLSLQJDQGWXELQJDWEDVHDQGDWHDFKIORRU ' 5RG GLDPHWHU PD\ EH UHGXFHG RQH VL]H IRU GRXEOHURG KDQJHUV WR D PLQLPXP RI LQFK

PP

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
( ,QVWDOOKDQJHUVIRUFRSSHUWXELQJZLWKWKHIROORZLQJPD[LPXPKRUL]RQWDOVSDFLQJDQGPLQLPXP URGGLDPHWHUV

 136
'1
DQG6PDOOHU
LQFKHV
PP
ZLWKLQFK
PP
URG
 136DQG136
'1DQG'1

LQFKHV
PP
ZLWKLQFK
PP

URG
 136DQG136
'1DQG'1


LQFKHV
PP
ZLWKLQFK
PP

URG
 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136WR136
'1WR'1

IHHW
P
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK
PP
URG
) ,QVWDOOVXSSRUWVIRUYHUWLFDOFRSSHUWXELQJHYHU\IHHW P

* ,QVWDOOKDQJHUVIRUVWHHOSLSLQJZLWKWKHIROORZLQJPD[LPXPKRUL]RQWDOVSDFLQJDQGPLQLPXPURG

GLDPHWHUV

 136
'1
DQG6PDOOHU
LQFKHV
PP
ZLWKLQFK
PP
URG
 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK
PP
URG
 136DQG136
'1DQG'1


IHHW
P
ZLWKLQFK
PP
URG
 136DQG136
'1DQG'1

IHHW
P
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK

PP
URG
+ ,QVWDOOVXSSRUWVIRUYHUWLFDOVWHHOSLSLQJHYHU\IHHW P

, ,QVWDOOYLQ\OFRDWHGKDQJHUVIRU&39&SLSLQJZLWKWKHIROORZLQJPD[LPXPKRUL]RQWDOVSDFLQJDQG PLQLPXPURGGLDPHWHUV

 136
'1
DQG6PDOOHU
LQFKHV

PP
ZLWKLQFK
PP
URG
 136WR136
'1WR'1

LQFKHV
PP
ZLWKLQFK
PP
URG
- ,QVWDOO VXSSRUWV IRU YHUWLFDO &39& SLSLQJ HYHU\  LQFKHV  PP
 IRU 136
'1
 DQG
VPDOOHUDQGHYHU\LQFKHV
PP
IRU136
'1
DQGODUJHU
. ,QVWDOOYLQ\OFRDWHGKDQJHUVIRU3(;SLSLQJZLWKWKHIROORZLQJPD[LPXPKRUL]RQWDOVSDFLQJDQG PLQLPXPURGGLDPHWHUV

 136
'1
DQG6PDOOHU
LQFKHV
PP
ZLWKLQFK
PP
URG
/ ,QVWDOOKDQJHUVIRUYHUWLFDO3(;SLSLQJHYHU\LQFKHV PP

0 ,QVWDOOYLQ\OFRDWHGKDQJHUVIRU39&SLSLQJZLWKWKHIROORZLQJPD[LPXPKRUL]RQWDOVSDFLQJDQG PLQLPXPURGGLDPHWHUV

 136
'1
DQG6PDOOHU
LQFKHV
PP
ZLWKLQFK
PP
URG
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 136WR136
'1WR'1


LQFKHV
PP
ZLWKLQFK
PP

URG
 136 DQG136
'1DQG'1

 LQFKHV
PP
ZLWK LQFK
PP

URG
 136
'1

LQFKHV
PP
ZLWKLQFK

PP
URG
1 ,QVWDOOVXSSRUWVIRUYHUWLFDO39&SLSLQJHYHU\LQFKHV PP

2 6XSSRUWSLSLQJDQGWXELQJQRWOLVWHGLQWKLVDUWLFOHDFFRUGLQJWR06663 DQGPDQXIDFWXUHU
V
ZULWWHQLQVWUXFWLRQV
 &211(&7,216
$ 'UDZLQJVLQGLFDWHJHQHUDODUUDQJHPHQWRISLSLQJILWWLQJVDQGVSHFLDOWLHV % ,QVWDOOSLSLQJDGMDFHQWWRHTXLSPHQWDQGPDFKLQHVWRDOORZVHUYLFHDQGPDLQWHQDQFH & &RQQHFW GRPHVWLF ZDWHU SLSLQJ WR H[WHULRU ZDWHUVHUYLFH SLSLQJ  8VH WUDQVLWLRQ ILWWLQJ WR MRLQ GLVVLPLODUSLSLQJPDWHULDOV
' &RQQHFWGRPHVWLFZDWHUSLSLQJWRZDWHUVHUYLFHSLSLQJZLWKVKXWRIIYDOYH H[WHQGDQGFRQQHFWWR
WKHIROORZLQJ

 'RPHVWLF:DWHU%RRVWHU3XPSV
&ROGZDWHUVXFWLRQDQGGLVFKDUJHSLSLQJ
 :DWHU +HDWHUV
  &ROGZDWHU LQOHW DQG KRWZDWHU RXWOHW SLSLQJ LQ VL]HV LQGLFDWHG EXW QRW VPDOOHUWKDQVL]HVRIZDWHUKHDWHUFRQQHFWLRQV
 3OXPELQJ)L[WXUHV
&ROGDQGKRWZDWHUVXSSO\SLSLQJLQVL]HVLQGLFDWHGEXWQRWVPDOOHU WKDQ UHTXLUHG E\ SOXPELQJ FRGH  &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ SOXPELQJ IL[WXUH6HFWLRQVIRUFRQQHFWLRQVL]HV
 (TXLSPHQW
  &ROG DQG KRWZDWHU VXSSO\ SLSLQJ DV LQGLFDWHG EXW QRW VPDOOHU WKDQ HTXLSPHQW FRQQHFWLRQV  3URYLGH VKXWRII YDOYH DQG XQLRQ IRU HDFK FRQQHFWLRQ  8VH IODQJHVLQVWHDGRIXQLRQVIRU136
'1
DQGODUJHU

 (6&87&+(21,167$//$7,21
$ ,QVWDOOHVFXWFKHRQVIRUSHQHWUDWLRQVRIZDOOVFHLOLQJVDQGIORRUV % (VFXWFKHRQVIRU1HZ3LSLQJ

 3LSLQJZLWK)LWWLQJRU6OHHYH3URWUXGLQJIURP:DOO
2QHSLHFHGHHSSDWWHUQ
 %DUH3LSLQJDW:DOODQG)ORRU3HQHWUDWLRQVLQ)LQLVKHG6SDFHV 2QHSLHFH FDVWEUDVV
ZLWKSROLVKHGFKURPHSODWHGILQLVK
 %DUH 3LSLQJ DW &HLOLQJ 3HQHWUDWLRQV LQ )LQLVKHG 6SDFHV  2QH SLHFH FDVW EUDVV ZLWK
SROLVKHGFKURPHSODWHGILQLVK
 %DUH3LSLQJLQ8QILQLVKHG6HUYLFH6SDFHV
2QHSLHFHFDVWEUDVVZLWKURXJKEUDVVILQLVK
 %DUH3LSLQJLQ(TXLSPHQW5RRPV
2QHSLHFHFDVWEUDVV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 %DUH3LSLQJDW)ORRU3HQHWUDWLRQVLQ(TXLSPHQW5RRPV 2QHSLHFHIORRUSODWH
 6/((9(,167$//$7,21
$ *HQHUDO 5HTXLUHPHQWV
  ,QVWDOO VOHHYHV IRU SLSHV DQG WXEHV SDVVLQJ WKURXJK SHQHWUDWLRQV LQ IORRUVSDUWLWLRQVURRIVDQGZDOOV
% 6OHHYHVDUHQRWUHTXLUHGIRUFRUHGULOOHGKROHV
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
, 6HDOVSDFHRXWVLGHRIVOHHYHVLQFRQFUHWHVODEVDQGZDOOVZLWKJURXW - )LUH%DUULHU3HQHWUDWLRQV
0DLQWDLQLQGLFDWHGILUHUDWLQJRIZDOOVSDUWLWLRQVFHLOLQJVDQGIORRUVDW SLSHSHQHWUDWLRQV6HDOSLSHSHQHWUDWLRQVZLWKILUHVWRSPDWHULDOV&RPSO\ZLWKUHTXLUHPHQWVLQ 'LYLVLRQ6HFWLRQ3HQHWUDWLRQ)LUHVWRSSLQJIRUILUHVWRSPDWHULDOVDQGLQVWDOODWLRQV  6/((9(6($/,167$//$7,21
$ ,QVWDOO VOHHYH VHDOV LQ VOHHYHV LQ H[WHULRU FRQFUHWH ZDOOV DW ZDWHUVHUYLFH SLSLQJ HQWULHV LQWR EXLOGLQJ
% 6HOHFWW\SHDQGQXPEHURIVHDOLQJHOHPHQWVUHTXLUHGIRUSLSHPDWHULDODQGVL]H3RVLWLRQSLSHLQ FHQWHURIVOHHYH$VVHPEOHVOHHYHVHDOFRPSRQHQWVDQGLQVWDOOLQDQQXODUVSDFHEHWZHHQSLSH DQGVOHHYH7LJKWHQEROWVDJDLQVWSUHVVXUHSODWHVWKDWFDXVHVHDOLQJHOHPHQWVWRH[SDQGDQG PDNHZDWHUWLJKWVHDO
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 ,'(17,),&$7,21
$ ,GHQWLI\V\VWHPFRPSRQHQWV&RPSO\ZLWKUHTXLUHPHQWVLQ'LYLVLRQ6HFWLRQ,GHQWLILFDWLRQIRU 3OXPELQJ3LSLQJDQG(TXLSPHQWIRULGHQWLILFDWLRQPDWHULDOVDQGLQVWDOODWLRQ % /DEHOSUHVVXUHSLSLQJZLWKV\VWHPRSHUDWLQJSUHVVXUH  ),(/'48$/,7<&21752/
$ 3HUIRUPWHVWVDQGLQVSHFWLRQV
% 3LSLQJ,QVSHFWLRQV

 'R QRW HQFORVH FRYHU RU SXW SLSLQJ LQWR RSHUDWLRQ XQWLO LW KDV EHHQ LQVSHFWHG DQG DSSURYHGE\DXWKRULWLHVKDYLQJMXULVGLFWLRQ
 'XULQJLQVWDOODWLRQQRWLI\DXWKRULWLHVKDYLQJMXULVGLFWLRQDWOHDVWRQHGD\EHIRUHLQVSHFWLRQ PXVW EH PDGH  3HUIRUP WHVWV VSHFLILHG EHORZ LQ SUHVHQFH RI DXWKRULWLHV KDYLQJ

MXULVGLFWLRQ

D 5RXJKLQJLQ ,QVSHFWLRQ
  $UUDQJH IRU LQVSHFWLRQ RI SLSLQJ EHIRUH FRQFHDOLQJ RU FORVLQJLQDIWHUURXJKLQJLQDQGEHIRUHVHWWLQJIL[WXUHV E )LQDO ,QVSHFWLRQ
  $UUDQJH ILQDO LQVSHFWLRQ IRU DXWKRULWLHV KDYLQJ MXULVGLFWLRQ WR REVHUYHWHVWVVSHFLILHGEHORZDQGWRHQVXUHFRPSOLDQFHZLWKUHTXLUHPHQWV  5HLQVSHFWLRQ
  ,I DXWKRULWLHV KDYLQJ MXULVGLFWLRQ ILQG WKDW SLSLQJ ZLOO QRW SDVV WHVWV RU LQVSHFWLRQVPDNHUHTXLUHGFRUUHFWLRQVDQGDUUDQJHIRUUHLQVSHFWLRQ  5HSRUWV
  3UHSDUH LQVSHFWLRQ UHSRUWV DQG KDYH WKHP VLJQHG E\ DXWKRULWLHV KDYLQJ MXULVGLFWLRQ
& 3LSLQJ7HVWV

 )LOOGRPHVWLFZDWHUSLSLQJ&KHFNFRPSRQHQWVWRGHWHUPLQHWKDWWKH\DUHQRWDLUERXQG DQGWKDWSLSLQJLVIXOORIZDWHU
 7HVW IRU OHDNV DQG GHIHFWV LQ QHZ SLSLQJ DQG SDUWV RI H[LVWLQJ SLSLQJ WKDW KDYH EHHQ DOWHUHG H[WHQGHG RU UHSDLUHG  ,I WHVWLQJ LV SHUIRUPHG LQ VHJPHQWV VXEPLW D VHSDUDWH UHSRUWIRUHDFKWHVWFRPSOHWHZLWKGLDJUDPRISRUWLRQRISLSLQJWHVWHG  /HDYH QHZ DOWHUHG H[WHQGHG RU UHSODFHG GRPHVWLF ZDWHU SLSLQJ XQFRYHUHG DQG XQFRQFHDOHG XQWLO LW KDV EHHQWHVWHG DQG DSSURYHG([SRVH ZRUNWKDW ZDV FRYHUHG RU FRQFHDOHGEHIRUHLWZDVWHVWHG
 &DS DQG VXEMHFW SLSLQJ WR VWDWLF ZDWHU SUHVVXUH RI  SVLJ  N3D
 DERYH RSHUDWLQJ
SUHVVXUH ZLWKRXW H[FHHGLQJ SUHVVXUH UDWLQJ RI SLSLQJ V\VWHP PDWHULDOV  ,VRODWH WHVW VRXUFH DQG DOORZ WR VWDQG IRU IRXU KRXUV  /HDNV DQG ORVV LQ WHVW SUHVVXUH FRQVWLWXWH GHIHFWVWKDWPXVWEHUHSDLUHG
 5HSDLU OHDNV DQG GHIHFWV ZLWK QHZ PDWHULDOV DQG UHWHVW SLSLQJ RU SRUWLRQ WKHUHRI XQWLO VDWLVIDFWRU\UHVXOWVDUHREWDLQHG
 3UHSDUHUHSRUWVIRUWHVWVDQGIRUFRUUHFWLYHDFWLRQUHTXLUHG -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
' 'RPHVWLFZDWHUSLSLQJZLOOEHFRQVLGHUHGGHIHFWLYHLILWGRHVQRWSDVVWHVWVDQGLQVSHFWLRQV ( 3UHSDUHWHVWDQGLQVSHFWLRQUHSRUWV
 &/($1,1*
$ &OHDQDQGGLVLQIHFWSRWDEOHGRPHVWLFZDWHUSLSLQJDVIROORZV 
 3XUJH QHZ SLSLQJ DQG SDUWV RI H[LVWLQJ SLSLQJ WKDW KDYH EHHQ DOWHUHG H[WHQGHG RU UHSDLUHGEHIRUHXVLQJ
 8VH SXUJLQJ DQG GLVLQIHFWLQJ SURFHGXUHV SUHVFULEHG E\ DXWKRULWLHV KDYLQJ MXULVGLFWLRQ  LI
PHWKRGV DUH QRW SUHVFULEHG XVH SURFHGXUHV GHVFULEHG LQ HLWKHU $::$& RU $::$&RUIROORZSURFHGXUHVGHVFULEHGEHORZ

D )OXVKSLSLQJV\VWHPZLWKFOHDQSRWDEOHZDWHUXQWLOGLUW\ZDWHUGRHVQRWDSSHDUDW RXWOHWV
E )LOODQGLVRODWHV\VWHPDFFRUGLQJWRHLWKHURIWKHIROORZLQJ 

 )LOOV\VWHPRUSDUWWKHUHRIZLWKZDWHUFKORULQHVROXWLRQZLWKDWOHDVWSSP

PJ/
RIFKORULQH,VRODWHZLWKYDOYHVDQGDOORZWRVWDQGIRUKRXUV 
 )LOOV\VWHPRUSDUWWKHUHRIZLWKZDWHUFKORULQHVROXWLRQZLWKDWOHDVWSSP

PJ/
RIFKORULQH,VRODWHDQGDOORZWRVWDQGIRUWKUHHKRXUV F )OXVK V\VWHP ZLWK FOHDQ SRWDEOH ZDWHU XQWLO QR FKORULQH LV LQ ZDWHU FRPLQJIURP V\VWHPDIWHUWKHVWDQGLQJWLPH
G 6XEPLW ZDWHU VDPSOHV LQ VWHULOH ERWWOHVWR DXWKRULWLHV KDYLQJ MXULVGLFWLRQ 5HSHDW SURFHGXUHVLIELRORJLFDOH[DPLQDWLRQVKRZVFRQWDPLQDWLRQ % 3UHSDUHDQGVXEPLWUHSRUWVRISXUJLQJDQGGLVLQIHFWLQJDFWLYLWLHV & &OHDQLQWHULRURIGRPHVWLFZDWHUSLSLQJV\VWHP5HPRYHGLUWDQGGHEULVDVZRUNSURJUHVVHV (1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
6(&7,21

'20(67,&:$7(53,3,1*63(&,$/7,(6
3$57 *(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJGRPHVWLFZDWHUSLSLQJVSHFLDOWLHV 
 9DFXXPEUHDNHUV
 %DFNIORZSUHYHQWHUV
 :DWHUSUHVVXUHUHGXFLQJYDOYHV
 %DODQFLQJYDOYHV
 7HPSHUDWXUHDFWXDWHGZDWHUPL[LQJYDOYHV
 6WUDLQHUV
 +RVHELEEV
 :DOOK\GUDQWV

 'UDLQYDOYHV
 :DWHUKDPPHUDUUHVWHUV
 7UDSVHDOSULPHUYDOYHV
% 6HH'LYLVLRQ6HFWLRQ'RPHVWLF:DWHU3LSLQJIRUZDWHUPHWHUV & 6HH 'LYLVLRQ 6HFWLRQ 'ULQNLQJ )RXQWDLQV DQG :DWHU &RROHUV IRU ZDWHU ILOWHUV IRU ZDWHU FRROHUV
' 6HH 'LYLVLRQ6HFWLRQ 'RPHVWLF:DWHU)LOWUDWLRQ(TXLSPHQWIRU ZDWHUILOWHUV LQGRPHVWLF ZDWHUSLSLQJ
 3(5)250$1&(5(48,5(0(176
$ 0LQLPXP:RUNLQJ3UHVVXUHIRU'RPHVWLF:DWHU3LSLQJ6SHFLDOWLHV SVLJ
N3D

XQOHVVRWKHUZLVHLQGLFDWHG
 68%0,77$/6
$ 3URGXFW'DWD
)RUHDFKW\SHRISURGXFWLQGLFDWHG
% )LHOGTXDOLW\FRQWUROWHVWUHSRUWV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
& 2SHUDWLRQDQGPDLQWHQDQFHGDWD
 48$/,7< $6685$1&(
$ 16)&RPSOLDQFH

       &RPSO\ ZLWK 16)  3ODVWLFV 3LSLQJ &RPSRQHQWV DQG 5HODWHG 0DWHULDOV IRU SODVWLFGRPHVWLFZDWHUSLSLQJFRPSRQHQWV
 &RPSO\ZLWK16)'ULQNLQJ:DWHU6\VWHP&RPSRQHQWV+HDOWK(IIHFWV 6HFWLRQV
WKURXJK

3$57 352'8&76
 9$&880%5($.(56
$ 3LSH$SSOLHG$WPRVSKHULF7\SH9DFXXP
%UHDNHUV

 $YDLODEOH0DQXIDFWXUHUV
 6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVPDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRI WKHIROORZLQJ

D $PHV&R
E &DVK$FPH
F &RQEUDFR,QGXVWULHV,QF
G )(%&2
63;9DOYHV 
&RQWUROVH 5DLQ%LUG&RUSRUDWLRQ
I 7RUR&RPSDQ\
7KH

,UULJDWLRQ'LY
J :DWWV,QGXVWULHV,QF
:DWHU3URGXFWV'LY
K =XUQ3OXPELQJ3URGXFWV*URXS
:LONLQV'LY
 6WDQGDUG
$66(
 6L]H
136WR136
'1WR'1
DVUHTXLUHGWRPDWFKFRQQHFWHGSLSLQJ
 %RG\
%URQ]H
 ,QOHWDQG2XWOHW&RQQHFWLRQV
7KUHDGHG
 )LQLVK
&KURPHSODWHG
% +RVH&RQQHFWLRQ9DFXXP
%UHDNHUV

       $YDLODEOH  0DQXIDFWXUHUV
    6XEMHFW  WR  FRPSOLDQFH  ZLWK  UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJ SURGXFWV WKDW PD\ EH LQFRUSRUDWHG LQWR WKH:RUN LQFOXGH EXW DUHQRWOLPLWHGWRWKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRI WKHIROORZLQJ

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
D $UURZKHDG%UDVV3URGXFWV,QF
E &DVK$FPH
F &RQEUDFR,QGXVWULHV,QF
G /HJHQG
9DOYHH
 0,)$%,QF
I 3ULHU3URGXFWV,QF
J :DWWV,QGXVWULHV,QF
:DWHU3URGXFWV'LY
K :RRGIRUG0DQXIDFWXULQJ&RPSDQ\
L =XUQ3OXPELQJ3URGXFWV*URXS
/LJKW&RPPHUFLDO2SHUDWLRQ
M =XUQ3OXPELQJ3URGXFWV*URXS
:LONLQV'LY
 6WDQGDUG
$66(
 %RG\
%URQ]HQRQUHPRYDEOHZLWKPDQXDOGUDLQ
 2XWOHW&RQQHFWLRQ
*DUGHQKRVHWKUHDGHGFRPSO\LQJZLWK$60(%
 )LQLVK
&KURPHRUQLFNHOSODWHG
 :$7(5 35(6685(5('8&,1*9$/9(6
$ :DWHU5HJXODWRUV

       $YDLODEOH  0DQXIDFWXUHUV
  6XEMHFW  WR  FRPSOLDQFH  ZLWK  UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJ SURGXFWV WKDW PD\ EH LQFRUSRUDWHG LQWR WKH:RUN LQFOXGH EXW DUHQRWOLPLWHGWRWKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRI WKHIROORZLQJ

D &DVK$FPH
E &RQEUDFR,QGXVWULHV,QF
F +RQH\ZHOO:DWHU&RQWUROV
G :DWWV,QGXVWULHV,QF
:DWHU3URGXFWV'LY
H =XUQ3OXPELQJ3URGXFWV*URXS
:LONLQV'LY
 6WDQGDUG
$66(
 3UHVVXUH5DWLQJ
,QLWLDOZRUNLQJSUHVVXUHRISVLJ
N3D

 %RG\
 %URQ]HIRU136
'1
 DQG VPDOOHU
 FDVWLURQZLWKLQWHULRUOLQLQJFRPSO\LQJ
ZLWK $::$ & RU WKDW LV )'$ DSSURYHG IRU 136  DQG 136  '1 
DQG'1

 9DOYHVIRU%RRVWHU+HDWHU:DWHU6XSSO\
,QFOXGHLQWHJUDOE\SDVV
 (QG&RQQHFWLRQV
 7KUHDGHGIRU136
'1
DQGVPDOOHU
IODQJHGIRU136DQG
136
'1DQG'1

 %$/$1&,1* 9$/9(6
$ 0HPRU\6WRS%DODQFLQJ9DOYHV

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
     $YDLODEOH 0DQXIDFWXUHUV
    6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRI WKHIROORZLQJ

D &RQEUDFR,QGXVWULHV,QF
E &UDQH&R
&UDQH9DOYH*URXS
&UDQH9DOYHV
F &UDQH&R
&UDQH9DOYH*URXS
-HQNLQV9DOYHV
G &UDQH&R
&UDQH9DOYH*URXS
6WRFNKDP'LY
H +DPPRQG9DOYH
I 0LOZDXNHH9DOYH
&RPSDQ\J 1,%&2,1&
K 5HG:KLWH9DOYH&RUS
 6WDQGDUG
06663IRUWZRSLHFHFRSSHUDOOR\EDOOYDOYHV
 3UHVVXUH5DWLQJ
SVLJ
N3D
PLQLPXP&:3
 6L]H
136
'1
RUVPDOOHU
 %RG\
&RSSHUDOOR\
 3RUW
6WDQGDUGRUIXOOSRUW
 %DOO
&KURPHSODWHGEUDVV

 6HDWVDQG6HDOV
5HSODFHDEOH
 (QG&RQQHFWLRQV
6ROGHUMRLQWRUWKUHDGHG
 +DQGOH
9LQ\OFRYHUHGVWHHOZLWKPHPRU\VHWWLQJGHYLFH
 7(03(5$785($&78$7(':$7(5 0,;,1* 9$/9(6
$ :DWHU7HPSHUDWXUH/LPLWLQJ
'HYLFHV

    $YDLODEOH 0DQXIDFWXUHUV
    6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

%DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $UPVWURQJ,QWHUQDWLRQDO,QF
E &DVK$FPH
F &RQEUDFR,QGXVWULHV,QF
G +RQH\ZHOO:DWHU&RQWUROV
H /HJHQG9DOYH
I /HRQDUG9DOYH&RPSDQ\
J 3RZHUV
D:DWWV,QGXVWULHV&R
K 6\PPRQV,QGXVWULHV,QF
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
L 7DFR,QF
M :DWWV,QGXVWULHV,QF
:DWHU3URGXFWV'LY
N =XUQ3OXPELQJ3URGXFWV*URXS
:LONLQV'LY
 6WDQGDUG
$66(
 3UHVVXUH5DWLQJ
SVLJ
N3D

 7\SH
7KHUPRVWDWLFDOO\FRQWUROOHGZDWHUPL[LQJYDOYH
 0DWHULDO
%URQ]HERG\ZLWKFRUURVLRQUHVLVWDQWLQWHULRUFRPSRQHQWV  &RQQHFWLRQV
7KUHDGHG>XQLRQ@LQOHWVDQGRXWOHW

       $FFHVVRULHV
  &KHFN VWRSV RQ KRW DQG FROGZDWHU VXSSOLHV DQG DGMXVWDEOH WHPSHUDWXUHFRQWUROKDQGOH
 7HPSHUHG:DWHU6HWWLQJ
GHJ)
GHJ&
!
 9DOYH)LQLVK
5RXJKEURQ]H
% 3ULPDU\7KHUPRVWDWLF:DWHU0L[LQJ9DOYHV

       $YDLODEOH  0DQXIDFWXUHUV
    6XEMHFW  WR  FRPSOLDQFH  ZLWK  UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJ SURGXFWV WKDW PD\ EH LQFRUSRUDWHG LQWR WKH:RUN LQFOXGH EXW DUHQRWOLPLWHGWRWKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRI WKHIROORZLQJ

       %DVLVRI'HVLJQ 3URGXFW
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV SURYLGH WKH SURGXFWLQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $UPVWURQJ,QWHUQDWLRQDO,QF
E /DZOHU0DQXIDFWXULQJ&RPSDQ\,QF
F /HRQDUG9DOYH&RPSDQ\
G 3RZHUV
D:DWWV,QGXVWULHV&R
H 6\PPRQV,QGXVWULHV,QF
 6WDQGDUG
$66(
 3UHVVXUH5DWLQJ
SVLJ
N3D

 7\SH
([SRVHGPRXQWLQJWKHUPRVWDWLFDOO\FRQWUROOHGZDWHUPL[LQJYDOYH  0DWHULDO
%URQ]HERG\ZLWKFRUURVLRQUHVLVWDQWLQWHULRUFRPSRQHQWV  &RQQHFWLRQV
7KUHDGHGLQOHWVDQGRXWOHW

       $FFHVVRULHV
  0DQXDO WHPSHUDWXUH FRQWURO FKHFN VWRSV RQ KRW DQG FROGZDWHU VXSSOLHVDQGDGMXVWDEOHWHPSHUDWXUHFRQWUROKDQGOH
 9DOYH3UHVVXUH5DWLQJ
SVLJ
N3D
PLQLPXPXQOHVVRWKHUZLVHLQGLFDWHG
 7HPSHUHG:DWHU6HWWLQJ
GHJ)
 9DOYH)LQLVK
5RXJKEURQ]H
 3LSLQJ)LQLVK
&RSSHU
 +26( %,%%6
$ +RVH%LEEV

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 6WDQGDUG
$60($IRUVHGLPHQWIDXFHWV
 %RG\0DWHULDO
%URQ]H
 6HDW
%URQ]HUHSODFHDEOH
 6XSSO\ &RQQHFWLRQV
 136 RU 136
'1 RU '1
 WKUHDGHG RU VROGHU
MRLQWLQOHW
 2XWOHW&RQQHFWLRQ
*DUGHQKRVHWKUHDGFRPSO\LQJZLWK$60(%
 3UHVVXUH5DWLQJ
SVLJ
N3D

       9DFXXP %UHDNHU
   ,QWHJUDO QRQUHPRYDEOH GUDLQDEOH KRVHFRQQHFWLRQ YDFXXP EUHDNHUFRPSO\LQJZLWK$66(
 )LQLVKIRU(TXLSPHQW5RRPV
5RXJKEURQ]HRUFKURPHRUQLFNHOSODWHG

 )LQLVKIRU6HUYLFH$UHDV
5RXJKEURQ]H
 )LQLVKIRU)LQLVKHG5RRPV
&KURPHRUQLFNHOSODWHG
 2SHUDWLRQIRU(TXLSPHQW5RRPV
:KHHOKDQGOHRURSHUDWLQJNH\
 2SHUDWLRQIRU6HUYLFH$UHDV
:KHHOKDQGOH
 2SHUDWLRQIRU)LQLVKHG5RRPV
:KHHOKDQGOH
 ,QFOXGHRSHUDWLQJNH\ZLWKHDFKRSHUDWLQJNH\KRVHELEE  '5$,19$/9(6
$ %DOO9DOYH7\SH+RVH(QG'UDLQ
9DOYHV

 6WDQGDUG
06663IRUVWDQGDUGSRUWWZRSLHFHEDOOYDOYHV  3UHVVXUH5DWLQJ
SVLJ
N3D
PLQLPXP&:3
 6L]H
136
'1

 %RG\
&RSSHUDOOR\
 %DOO
&KURPHSODWHGEUDVV
 6HDWVDQG6HDOV
5HSODFHDEOH
 +DQGOH
9LQ\OFRYHUHGVWHHO
 ,QOHW
7KUHDGHGRUVROGHUMRLQW

       2XWOHW
  7KUHDGHG VKRUW QLSSOH ZLWK JDUGHQKRVH WKUHDG FRPSO\LQJ ZLWK $60( %DQGFDSZLWKEUDVVFKDLQ
 :$7(5 +$00(5$55(67(56
$ :DWHU+DPPHU$UUHVWHUV

       $YDLODEOH  0DQXIDFWXUHUV
    6XEMHFW  WR  FRPSOLDQFH  ZLWK  UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJ SURGXFWV WKDW PD\ EH LQFRUSRUDWHG LQWR WKH:RUN LQFOXGH EXW DUHQRWOLPLWHGWRWKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRI WKHIROORZLQJ

D $0752/,QF
E -RVDP&RPSDQ\
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
F 0,)$%,QF
G 333,QF
H 6LRX[&KLHI0DQXIDFWXULQJ&RPSDQ\,QF
I 6PLWK-D\50IJ&R
'LYLVLRQRI6PLWK,QGXVWULHV,QF
J 7\OHU3LSH
:DGH'LY
K :DWWV'UDLQDJH3URGXFWV,QF
L =XUQ3OXPELQJ3URGXFWV*URXS
6SHFLILFDWLRQ'UDLQDJH2SHUDWLRQ
 6WDQGDUG
$66(RU3',:+
 7\SH
&RSSHUWXEHZLWKSLVWRQ
 6L]H
$66(6L]HV$$DQG$WKURXJK)RU3',:+6L]HV$WKURXJK)  75$36($/35,0(59$/9(6
$ 6XSSO\7\SH7UDS6HDO3ULPHU9DOYHV

       $YDLODEOH  0DQXIDFWXUHUV
    6XEMHFW  WR  FRPSOLDQFH  ZLWK  UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJ SURGXFWV WKDW PD\ EH LQFRUSRUDWHG LQWR WKH:RUN LQFOXGH EXW DUHQRWOLPLWHGWRWKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRI WKHIROORZLQJ

D 0,)$%,QF
E 333,QF
F 6LRX[&KLHI0DQXIDFWXULQJ&RPSDQ\,QF
G 6PLWK-D\50IJ&R
'LYLVLRQRI6PLWK,QGXVWULHV,QF
H :DWWV,QGXVWULHV,QF
:DWHU3URGXFWV'LY
 6WDQGDUG
$66(
 3UHVVXUH5DWLQJ
SVLJ
N3D
PLQLPXP
 %RG\
%URQ]H
 ,QOHWDQG2XWOHW&RQQHFWLRQV
136
'1
WKUHDGHGXQLRQRUVROGHUMRLQW
 *UDYLW\'UDLQ2XWOHW&RQQHFWLRQ
136
'1
WKUHDGHGRUVROGHUMRLQW
 )LQLVK
 &KURPH SODWHG RU URXJK EURQ]H IRU XQLWV XVHG ZLWK SLSH RU WXEH WKDW LV QRWFKURPHILQLVKHG
3$57 (;(&87,21
 ,167$//$7,21
$ 5HIHUWR'LYLVLRQ6HFWLRQ &RPPRQ:RUN5HVXOWVIRU3OXPELQJIRU SLSLQJMRLQLQJ PDWHULDOVMRLQWFRQVWUXFWLRQDQGEDVLFLQVWDOODWLRQUHTXLUHPHQWV % ,QVWDOOEDFNIORZSUHYHQWHUVLQHDFKZDWHU VXSSO\WRPHFKDQLFDOHTXLSPHQWDQGV\VWHPVDQG WRRWKHUHTXLSPHQWDQGZDWHUV\VWHPVWKDWPD\EHVRXUFHVRIFRQWDPLQDWLRQ&RPSO\ZLWK DXWKRULWLHVKDYLQJMXULVGLFWLRQ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 /RFDWHEDFNIORZSUHYHQWHUVLQVDPHURRPDVFRQQHFWHGHTXLSPHQWRUV\VWHP  ,QVWDOO GUDLQ IRU EDFNIORZ SUHYHQWHUV ZLWK DWPRVSKHULFYHQW GUDLQ FRQQHFWLRQ ZLWK DLUJDS ILWWLQJ IL[HG DLUJDS ILWWLQJ RU HTXLYDOHQW SRVLWLYH SLSH VHSDUDWLRQ RI DW OHDVW WZR SLSH GLDPHWHUV LQ GUDLQ SLSLQJ DQG SLSH WR IORRU GUDLQ  /RFDWH DLUJDS GHYLFH DWWDFKHGWRRUXQGHUEDFNIORZSUHYHQWHU6LPSOHDLUEUHDNVDUHQRWDFFHSWDEOHIRUWKLV DSSOLFDWLRQ
 'RQRWLQVWDOOE\SDVVSLSLQJDURXQGEDFNIORZSUHYHQWHUV &,QVWDOOZDWHUUHJXODWRUVZLWKLQOHWDQGRXWOHWVKXWRIIYDOYHV,QVWDOOSUHVVXUHJDJHVRQLQOHWDQG RXWOHW
',QVWDOOEDODQFLQJYDOYHVLQORFDWLRQVZKHUHWKH\FDQHDVLO\EHDGMXVWHG (,QVWDOO WHPSHUDWXUHDFWXDWHG ZDWHU PL[LQJ YDOYHV ZLWK FKHFN VWRSV RU VKXWRII YDOYHV RQ LQOHWV DQGZLWKVKXWRIIYDOYHRQRXWOHW
 ,QVWDOOWKHUPRPHWHUVDQGZDWHUUHJXODWRUVLIVSHFLILHG  ,QVWDOOFDELQHWW\SHXQLWVUHFHVVHGLQRUVXUIDFHPRXQWHGRQZDOODVVSHFLILHG ) ,QVWDOO<SDWWHUQVWUDLQHUVIRUZDWHURQVXSSO\VLGHRIHDFKZDWHUSUHVVXUHUHGXFLQJYDOYH * ,QVWDOOZDWHUKDPPHUDUUHVWHUVLQZDWHUSLSLQJDFFRUGLQJWR3',:+ + ,QVWDOOVXSSO\W\SHWUDSVHDOSULPHUYDOYHVZLWKRXWOHWSLSLQJSLWFKHGGRZQWRZDUGGUDLQWUDS DPLQLPXP RI SHUFHQW DQG FRQQHFW WR IORRUGUDLQ ERG\WUDSRU LQOHW ILWWLQJ $GMXVW YDOYH IRUSURSHUIORZ
,       3LSLQJ LQVWDOODWLRQ UHTXLUHPHQWV DUH VSHFLILHG LQ RWKHU 'LYLVLRQ  6HFWLRQV  'UDZLQJV LQGLFDWHJHQHUDODUUDQJHPHQWRISLSLQJDQGVSHFLDOWLHV -       (TXLSPHQW 1DPHSODWHV DQG 6LJQV
L Q V W D O O  HQJUDYHG SODVWLFODPLQDWH HTXLSPHQW
QDPHSODWH RUVLJQRQRUQHDUHDFKRIWKHIROORZLQJ

 ,QWHUPHGLDWHDWPRVSKHULFYHQWEDFNIORZSUHYHQWHUV  5HGXFHGSUHVVXUHSULQFLSOHEDFNIORZSUHYHQWHUV
 'RXEOHFKHFNEDFNIORZSUHYHQWLRQDVVHPEOLHV
 :DWHUSUHVVXUHUHGXFLQJYDOYHV
 3ULPDU\WKHUPRVWDWLFZDWHUPL[LQJYDOYHV
 6XSSO\W\SHWUDSVHDOSULPHUYDOYHV
.      'LVWLQJXLVK DPRQJ PXOWLSOH XQLWV LQIRUP RSHUDWRU RI RSHUDWLRQDO UHTXLUHPHQWV LQGLFDWH VDIHW\DQGHPHUJHQF\SUHFDXWLRQVDQGZDUQRIKD]DUGVDQGLPSURSHURSHUDWLRQVLQDGGLWLRQ WRLGHQWLI\LQJXQLW 1DPHSODWHV DQG VLJQV DUHVSHFLILHGLQ'LYLVLRQ6HFWLRQ ,GHQWLILFDWLRQ IRU3OXPELQJ3LSLQJDQG(TXLSPHQW
 $'-867,1*
$ 6HWILHOGDGMXVWDEOHSUHVVXUHVHWSRLQWVRIZDWHUSUHVVXUHUHGXFLQJYDOYHV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJH
RI
% 6HWILHOGDGMXVWDEOHIORZRIEDODQFLQJYDOYHV
& 6HWILHOGDGMXVWDEOHWHPSHUDWXUHVHWSRLQWVRIWHPSHUDWXUHDFWXDWHGZDWHUPL[LQJYDOYHV (1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
,17(17,21$//()7%/$1.
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
6(&7,21
'20(67,&:$7(538036
3$57*(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJDOOEURQ]HDQGEURQ]HILWWHGFHQWULIXJDOSXPSVIRUGRPHVWLF FROGDQGKRWZDWHUFLUFXODWLRQ

 &ORVHFRXSOHGLQOLQHVHDOOHVVFHQWULIXJDOSXPSV  &ORVHFRXSOHGKRUL]RQWDOO\PRXQWHGLQOLQHFHQWULIXJDOSXPSV % 6HH'LYLVLRQ6HFWLRQ'RPHVWLF:DWHU3DFNDJHG%RRVWHU3XPSVIRUERRVWHUV\VWHPV  68%0,77$/6
$ 3URGXFW 'DWD
  )RU HDFK W\SH DQG VL]H RI GRPHVWLF ZDWHU SXPS VSHFLILHG  ,QFOXGH FHUWLILHG SHUIRUPDQFH FXUYHV ZLWK RSHUDWLQJ SRLQWV SORWWHG RQ FXUYHV  DQG UDWHG FDSDFLWLHV RI VHOHFWHG
PRGHOVIXUQLVKHGVSHFLDOWLHVDQGDFFHVVRULHV
% 6KRS'UDZLQJV
'LDJUDPSRZHUVLJQDODQGFRQWUROZLULQJ
& 2SHUDWLRQDQGPDLQWHQDQFHGDWD
 48$/,7<$6685$1&(
$ (OHFWULFDO&RPSRQHQWV'HYLFHVDQG$FFHVVRULHV
/LVWHGDQGODEHOHGDVGHILQHGLQ1)3$
$UWLFOH E\ D WHVWLQJ DJHQF\ DFFHSWDEOH WR DXWKRULWLHV KDYLQJ MXULVGLFWLRQ DQG PDUNHG IRU LQWHQGHGXVH
% 8/&RPSOLDQFH
&RPSO\ZLWK8/IRUPRWRURSHUDWHGZDWHUSXPSV
3$57352'8&76
 0$18)$&785(56
$ ,Q RWKHU 3DUW DUWLFOHV ZKHUH WLWOHV EHORZ LQWURGXFH OLVWV WKH IROORZLQJ UHTXLUHPHQWV DSSO\ WR SURGXFWVHOHFWLRQ

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR PDQXIDFWXUHUVVSHFLILHG
 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH PDQXIDFWXUHUVVSHFLILHG
 &/26(&283/(',1/,1(6($//(66&(175,)8*$/38036 $ $YDLODEOH0DQXIDFWXUHUV

 $UPVWURQJ3XPSV,QF
 %HOO *RVVHWW'RPHVWLF3XPS
,77,QGXVWULHV
 *UXQGIRV3XPSV&RUS
 7DFR,QF
% 'HVFULSWLRQ
  )DFWRU\DVVHPEOHG DQG WHVWHG VLQJOHVWDJH FORVHFRXSOHG LQOLQH VHDOOHVV FHQWULIXJDOSXPSVDVGHILQHGLQ+,
 3XPS DQG 0RWRU $VVHPEO\
  +HUPHWLFDOO\ VHDOHG UHSODFHDEOHFDUWULGJHW\SH XQLW ZLWK PRWRUDQGLPSHOOHURQFRPPRQVKDIWDQGGHVLJQHGIRULQVWDOODWLRQZLWKSXPSDQGPRWRU VKDIWPRXQWHGKRUL]RQWDOO\
 &DVLQJ
%URQ]HZLWKWKUHDGHGFRPSDQLRQIODQJHFRQQHFWLRQV
 ,PSHOOHU
&RUURVLRQUHVLVWDQWPDWHULDO
 0RWRU
  6LQJOH VSHHG XQOHVV RWKHUZLVH LQGLFDWHG  &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ6HFWLRQ&RPPRQ0RWRU5HTXLUHPHQWVIRU3OXPELQJ(TXLSPHQW & &DSDFLWLHVDQG&KDUDFWHULVWLFV

 6HHHTXLSPHQWVFKHGXOH3
 &21752/6
$ 7KHUPRVWDWV
(OHFWULF
DGMXVWDEOHIRUFRQWURORIKRWZDWHUFLUFXODWLRQSXPS  $YDLODEOH0DQXIDFWXUHUV

D +RQH\ZHOO,QWHUQDWLRQDO,QF
E 6TXDUH'
F :KLWH5RGJHUV'LY
(PHUVRQ(OHFWULF&R
 7\SH
:DWHULPPHUVLRQVHQVRUIRULQVWDOODWLRQLQKRWZDWHUFLUFXODWLRQSLSLQJ  5DQJH
WRGHJ)
 2SHUDWLRQRI3XPS
2QRURII
 7UDQVIRUPHU
3URYLGHLIUHTXLUHG
 3RZHU5HTXLUHPHQW
9DF
 6HWWLQJV
6WDUWSXPSDWGHJ)DQGVWRSSXPSDWGHJ)
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
% 7LPHUV
(OHFWULFWLPHFORFNIRUFRQWURORIKRWZDWHUFLUFXODWLRQSXPS  0DQXIDFWXUHUV

D +RQH\ZHOO,QWHUQDWLRQDO,QF
E ,QWHUPDWLF,QF
F -RKQVRQ&RQWUROV,QF
G 0DSOH&KDVH&RPSDQ\
H 725.
 7\SH
3URJUDPPDEOHVHYHQGD\FORFNZLWKPDQXDORYHUULGHRQRIIVZLWFK  (QFORVXUH
6XLWDEOHIRUZDOOPRXQWLQJ
 2SHUDWLRQRI3XPS
2QRURII
 7UDQVIRUPHU
3URYLGHLIUHTXLUHG
 3RZHU5HTXLUHPHQW
9DF
 3URJUDPPDEOH6HTXHQFHRI2SHUDWLRQ
8SWRWZRRQRIIF\FOHVHDFKGD\IRUVHYHQGD\V
 )/(;,%/(&211(&7256
$ 0DQXIDFWXUHUV

 $QDPHW,QF
 )OH[+RVH&R,QF
 )OH[LFUDIW,QGXVWULHV
 )OH[3UHVVLRQ/WG
 )OH[:HOG,QF
 +\VSDQ3UHFLVLRQ3URGXFWV,QF
 0HUFHU5XEEHU
 0HWUDIOH[,QF

 3URFR3URGXFWV,QF
 7R]HQ$PHULFD&RUSRUDWLRQ
 8QDIOH[,QF
% 'HVFULSWLRQ
&RUUXJDWHGEURQ]HLQQHUWXELQJFRYHUHGZLWKEURQ]HZLUHEUDLG,QFOXGHFRSSHU WXEH HQGV RU EURQ]H IODQJHG HQGV EUD]HZHOGHG WR WXELQJ  ,QFOXGH SVLJ N3D

PLQLPXPZRUNLQJSUHVVXUHUDWLQJDQGHQGVPDWFKLQJSXPSFRQQHFWLRQV 3$57(;(&87,21
 ,167$//$7,21
$ &RPSO\ZLWK+,
% ,QVWDOO SXPSV ZLWK DFFHVV IRU SHULRGLF PDLQWHQDQFH LQFOXGLQJ UHPRYDO RI PRWRUV LPSHOOHUV FRXSOLQJVDQGDFFHVVRULHV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
& ,QGHSHQGHQWO\ VXSSRUW SXPSV DQG SLSLQJ VR ZHLJKW RI SLSLQJ LV QRW VXSSRUWHG E\ SXPSV DQG ZHLJKWRISXPSVLVQRWVXSSRUWHGE\SLSLQJ
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
 ,QVWDOO SUHVVXUH JDJHV DW VXFWLRQ DQG GLVFKDUJH RI SXPSV,QVWDOO DW LQWHJUDO SUHVVXUH JDJH WDSSLQJV ZKHUH SURYLGHG RU LQVWDOO SUHVVXUHJDJH FRQQHFWRUV LQ VXFWLRQ DQG GLVFKDUJH SLSLQJ DURXQG SXPSV  5HIHU WR 'LYLVLRQ 6HFWLRQ 0HWHUV DQG *DJHV IRU 3OXPELQJ3LSLQJIRUSUHVVXUHJDJHVDQGJDJHFRQQHFWRUV . *URXQG HTXLSPHQW DFFRUGLQJ WR 'LYLVLRQ 6HFWLRQ *URXQGLQJ DQG %RQGLQJ IRU (OHFWULFDO 6\VWHPV
/ &RQQHFWZLULQJDFFRUGLQJWR'LYLVLRQ6HFWLRQ/RZ9ROWDJH(OHFWULFDO3RZHU&RQGXFWRUVDQG &DEOHV
0 &RQQHFWWKHUPRVWDWVDQGWLPHUVWRSXPSVWKDWWKH\FRQWURO 1 ,QWHUORFNSXPSZLWKZDWHUKHDWHUEXUQHUDQGWLPHGHOD\UHOD\ (1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

6(&7,21
)$&,/,7<,1'225327$%/(:$7(56725$*(7$1.6
3$57*(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJ

 6WHHOSUHVVXUHSRWDEOHZDWHUVWRUDJHWDQNV
 6WHHOSUHFKDUJHGGLDSKUDJPSUHVVXUHSRWDEOHZDWHUVWRUDJHWDQNV  ,QVXODWHGVWHHOSUHVVXUHSRWDEOHZDWHUVWRUDJHWDQNV  3ODVWLFQRQSUHVVXUHSRWDEOHZDWHUVWRUDJHWDQNV  68%0,77$/6
$ 3URGXFW'DWD
)RUHDFKW\SHRISRWDEOHZDWHUVWRUDJHWDQNLQGLFDWHG % 6RXUFHTXDOLW\FRQWUROWHVWUHSRUWV
 48$/,7<$6685$1&(
$ $60(&RPSOLDQFHIRU6WHHO7DQNV
)DEULFDWHDQGODEHO VWHHOSRWDEOHZDWHU VWRUDJHWDQNVWR FRPSO\ZLWK$60(%RLOHUDQG3UHVVXUH9HVVHO&RGH
6HFWLRQ9,,,'LYLVLRQZKHUHLQGLFDWHG
% &RPSO\ZLWK16)3ODVWLFV3LSLQJ&RPSRQHQWVDQG5HODWHG0DWHULDOVIRUSODVWLFSRWDEOH ZDWHUVWRUDJHWDQNVDQGFRPSRQHQWV,QFOXGHDSSURSULDWH16)PDUNLQJ & &RPSO\ZLWK16)'ULQNLQJ:DWHU6\VWHP&RPSRQHQWV+HDOWK(IIHFWV6HFWLRQVWR IRU
SRWDEOHZDWHUVWRUDJHWDQNV,QFOXGHDSSURSULDWH16)PDUNLQJ 3$57352'8&76
 0$18)$&785(56
$ ,Q RWKHU 3DUW DUWLFOHV ZKHUH WLWOHV EHORZ LQWURGXFH OLVWV WKH IROORZLQJ UHTXLUHPHQWV DSSO\ WR SURGXFWVHOHFWLRQ

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR PDQXIDFWXUHUVVSHFLILHG
 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH PDQXIDFWXUHUVVSHFLILHG
 67((/35(6685(327$%/(:$7(56725$*(7$1.6
$ >$YDLODEOH@0DQXIDFWXUHUV

 $GDPVRQ*OREDO7HFKQRORJ\&RUSRUDWLRQ
 $OGULFK&R
 $UPVWURQJ3XPSV,QF
 &HPOLQH&RUSRUDWLRQ
 *6::DWHU+HDWLQJ&RPSDQ\
 +(6FR,QGXVWULHV,QF
 /RFKLQYDU&RUS
 3UHFLVLRQ3DUWV&RUS

 39,,QGXVWULHV//&
 5D\SDN,QF
 5%,:DWHU+HDWHUV
$0HVWHN,QF&RPSDQ\
 5(&286$
 6PLWK$2:DWHU3URGXFWV&R
 6WDWH,QGXVWULHV,QF
 :HEHQ-DUFR
 :HVVHOV&R
 :RRG-RKQ&R
% 'HVFULSWLRQ
6WHHOYHUWLFDOSUHVVXUHUDWHGWDQNZLWKF\OLQGULFDOVLGHZDOOV & &RQVWUXFWLRQ
$60(FRQVWUXFWHGZLWKQRQWR[LFZHOGHGMRLQWVIRUSVLJZRUNLQJSUHVVXUH ' 0DQKROH
:DWHUWLJKWIRUWDQNPRUHWKDQLQFKHVLQGLDPHWHU
VDPHSUHVVXUHUDWLQJDVWDQN
( 7DSSLQJV
)DFWRU\IDEULFDWHGVWDLQOHVVVWHHOZHOGHGWRWDQNEHIRUHWHVWLQJ  136DQG6PDOOHU
$60(%ZLWKIHPDOHWKUHDG
 136DQG/DUJHU
$60(%IODQJHG
) 6SHFLDOWLHV DQG $FFHVVRULHV
  ,QFOXGH SUHVVXUH UHOLHI YDOYH
 SUHVVXUH JDJH
 WKHUPRPHWHU
 DLU
FKDUJLQJFRQQHFWLRQ
DQGJDJHJODVVEUDVVILWWLQJVFRPSUHVVLRQVWRSVDQGJDJHJODVVJXDUG * +RUL]RQWDO7DQN6XSSRUWV
)DFWRU\IDEULFDWHGVWHHOVDGGOHVZHOGHGWRWDQN
+ 9HUWLFDO7DQN6XSSRUWV
)DFWRU\IDEULFDWHGVWHHOOHJVRUVWHHOVNLUWZHOGHGWRWDQN , 7DQN ,QWHULRU )LQLVK
  0DWHULDOV DQG WKLFNQHVVHV FRPSO\LQJ ZLWK 16) EDUULHU PDWHULDOV IRU SRWDEOHZDWHUWDQNOLQLQJV([WHQGILQLVKLQWRDQGWKURXJKWDQNILWWLQJVDQGRXWOHWV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 &RDWLQJ
*ODVV
- ([WHULRU&RDWLQJ
0DQXIDFWXUHU
VVWDQGDUGHQDPHOSDLQW
 67((/35(&+$5*('',$3+5$*035(6685(327$%/(:$7(56725$*(7$1.6 $ >$YDLODEOH@0DQXIDFWXUHUV

 $0752/,QF
 $UPVWURQJ3XPSV,QF
 )OH[FRQ,QGXVWULHV
3OXPELQJ +HDWLQJ'LYLVLRQ
 0\HUV)(
 6PLWK$2
$TXD$LU'LY
 6WDWH,QGXVWULHV,QF
 7DFR,QF
 :HVVHOV&R
% 'HVFULSWLRQ
6WHHOYHUWLFDOSUHVVXUHGUDWHGWDQNZLWKF\OLQGULFDOVLGHZDOOVDQGZLWKDLUFKDUJLQJ YDOYHDQGDLUSUHFKDUJH
& 2SHUDWLRQ
)DFWRU\LQVWDOOHGEXW\OUXEEHUGLDSKUDJP
' &RQVWUXFWLRQ
$60(FRQVWUXFWHGZLWKQRQWR[LFZHOGHGMRLQWVIRUSVLJZRUNLQJSUHVVXUH ( 7DSSLQJV
)DFWRU\IDEULFDWHGVWDLQOHVVVWHHOZHOGHGWRWDQN
 136DQG6PDOOHU
$60(%ZLWKIHPDOHWKUHDG
 136DQG/DUJHU
$60(%IODQJHG
) 6SHFLDOWLHVDQG$FFHVVRULHV
,QFOXGHSUHVVXUHJDJH
* 9HUWLFDO7DQN6XSSRUWV
)DFWRU\IDEULFDWHGVWHHOOHJVRUVWHHOVNLUWZHOGHGWRWDQN + 7DQN ,QWHULRU )LQLVK
  0DWHULDOV DQG WKLFNQHVVHV FRPSO\LQJ ZLWK 16) EDUULHU PDWHULDOV IRU SRWDEOHZDWHUWDQNOLQLQJV([WHQGILQLVKLQWRDQGWKURXJKWDQNILWWLQJVDQGRXWOHWV  &RDWLQJ
*ODVV
, ([WHULRU&RDWLQJ
0DQXIDFWXUHU
VVWDQGDUGHQDPHOSDLQW
 ,168/$7('67((/35(6685(327$%/(:$7(56725$*(7$1.6 $ 0DQXIDFWXUHUV

 $PHULFDQ:DWHU+HDWHU&RPSDQ\
 *6::DWHU+HDWLQJ&RPSDQ\
 +(6FR,QGXVWULHV,QF
 .7$00DQXIDFWXULQJ,QF
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 /RFKLQYDU&RUS
 3UHFLVLRQ3DUWV&RUS
 39,,QGXVWULHV//&
 5%,:DWHU+HDWHUV
$0HVWHN,QF&RPSDQ\

 5KHHP0DQXIDFWXULQJ&R
5KHHP:DWHU+HDWHU'LY
 6PLWK$2:DWHU3URGXFWV&R
 6WDWH,QGXVWULHV,QF
 7HOHG\QH/DDUV
 :HVVHOV&R
% 'HVFULSWLRQ
6WHHOYHUWLFDOSUHVVXUHUDWHGWDQNZLWKF\OLQGULFDOVLGHZDOOV & &RQVWUXFWLRQ
$60(FRQVWUXFWHGZLWKQRQWR[LFZHOGHGMRLQWVIRUSVLJZRUNLQJSUHVVXUH ' 0DQKROH
:DWHUWLJKWIRUWDQNPRUHWKDQLQFKHVLQGLDPHWHU
VDPHSUHVVXUHUDWLQJDVWDQN
( 7DSSLQJV
)DFWRU\IDEULFDWHGVWDLQOHVVVWHHOZHOGHGWRWDQN
 136DQG6PDOOHU
$60(%ZLWKIHPDOHWKUHDG
 136DQG/DUJHU
$60(%IODQJHG
) 6SHFLDOWLHV DQG $FFHVVRULHV
  ,QFOXGH SUHVVXUH UHOLHI YDOYH
 SUHVVXUH JDJH
 WKHUPRPHWHU
 DLU
FKDUJLQJFRQQHFWLRQ
DQGJDJHJODVVEUDVVILWWLQJVFRPSUHVVLRQVWRSVDQGJDJHJODVVJXDUG * 9HUWLFDO7DQN6XSSRUWV
)DFWRU\IDEULFDWHGVWHHOOHJVRUVWHHOVNLUWZHOGHGWRWDQN + 7DQN ,QWHULRU )LQLVK
  0DWHULDOV DQG WKLFNQHVVHV FRPSO\LQJ ZLWK 16) EDUULHU PDWHULDOV IRU SRWDEOHZDWHUWDQNOLQLQJV([WHQGILQLVKLQWRDQGWKURXJKWDQNILWWLQJVDQGRXWOHWV  &RDWLQJ
*ODVV
, ,QVXODWLRQ
  )DFWRU\LQVWDOOHG ILEHUJODVV RU SRO\XUHWKDQH IRDP  VXUURXQGLQJ HQWLUH WDQN H[FHSW
FRQQHFWLRQV DQG RWKHU RSHQLQJV
 VXLWDEOHIRUWDQN RSHUDWLQJ WHPSHUDWXUH
 DQG FRPSO\LQJ ZLWK
$6+5$(,(61$

- -DFNHW
6WHHOZLWKPDQXIDFWXUHU
VVWDQGDUGILQLVKXQOHVVRWKHUZLVHLQGLFDWHG
. 0DQKROH
:DWHUWLJKWIRUWDQNPRUHWKDQLQFKHVLQGLDPHWHU / &RYHUIRU2SHQ7DQN
3ODVWLFVDPHDVRUVLPLODUWRWDQNPDWHULDODQGZLWKVKDSHWKDWHQFORVHV WRSRIWDQN
0 6SHFLDOWLHV DQG $FFHVVRULHV
  ,QFOXGH YDFXXP UHOLHI YDOYH
 IUHH DLU YHQW ZLWK LQVHFW VFUHHQ


WKHUPRPHWHU
DQGJDJHJODVVEUDVVILWWLQJVFRPSUHVVLRQVWRSVDQGJDJHJODVVJXDUG  6285&(48$/,7<&21752/
$ 7HVWDQG LQVSHFWSRWDEOHZDWHU VWRUDJHWDQNVDFFRUGLQJWRWKHIROORZLQJWHVWV DQGLQVSHFWLRQV DQGSUHSDUHWHVWUHSRUWV

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 3UHVVXUH7HVWLQJIRU$60(&RGH3RWDEOH:DWHU6WRUDJH7DQNV +\GURVWDWLFDOO\WHVWWR
HQVXUH VWUXFWXUDO LQWHJULW\ DQG IUHHGRP IURP OHDNV  )LOO WDQNV ZLWK ZDWHU YHQW DLU SUHVVXUL]HWRWLPHVWDQNSUHVVXUHUDWLQJGLVFRQQHFWWHVWHTXLSPHQWKROGSUHVVXUH IRUPLQXWHVZLWKQRGURSLQSUHVVXUHDQGFKHFNIRUOHDNV5HSODFHWDQNVWKDWIDLOWHVW ZLWKQHZWDQNVDQGUHSHDWXQWLOWHVWLVVDWLVIDFWRU\  1RQSUHVVXUH7HVWLQJIRU3RWDEOH:DWHU6WRUDJH7DQNV )LOOWDQNVWRZDWHURSHUDWLQJOHYHO
WRHQVXUHVWUXFWXUDOLQWHJULW\DQGIUHHGRPIURPOHDNV+ROGZDWHUOHYHOIRUWZRKRXUVZLWK QRGURSLQZDWHUOHYHO5HSDLURU UHSODFHWDQNVWKDWIDLOWHVWZLWKQHZWDQNVDQG UHSHDW XQWLOWHVWLVVDWLVIDFWRU\
3$57(;(&87,21
 &21&5(7(%$6(6
$ ,QVWDOOFRQFUHWHEDVHVRIGLPHQVLRQVLQGLFDWHGIRUWDQNV5HIHUWR'LYLVLRQ6HFWLRQ&DVWLQ 3ODFH&RQFUHWHDQG'LYLVLRQ6HFWLRQ&RPPRQ:RUN5HVXOWVIRU3OXPELQJ  ,167$//$7,21
$ ,QVWDOO ZDWHU VWRUDJHWDQNV RQ FRQFUHWH EDVHV OHYHO DQG SOXPEILUPO\ DQFKRUHG$UUDQJH VR GHYLFHVQHHGLQJVHUYLFLQJDUHDFFHVVLEOH
 ,QVWDOOKRUL]RQWDOWDQNVRQFRQFUHWHSLHUVDQGIDFWRU\IDEULFDWHGVDGGOHV % $QFKRUWDQNVXSSRUWVDQGWDQNVWRVXEVWUDWH
 8VHVWHHORU)53VWUDSVRYHURUDURXQGSODVWLFWDQNV  &211(&7,216
$ 3LSLQJLQVWDOODWLRQ UHTXLUHPHQWVDUHVSHFLILHGLQRWKHU'LYLVLRQ6HFWLRQV'UDZLQJVLQGLFDWH JHQHUDODUUDQJHPHQWRISLSLQJILWWLQJVDQGVSHFLDOWLHV % ,QVWDOOSLSLQJDGMDFHQWWRSRWDEOHZDWHUVWRUDJHWDQNVWRDOORZVHUYLFHDQGPDLQWHQDQFH & &RQQHFW ZDWHU SLSLQJ WR ZDWHU VWRUDJH WDQNV ZLWK XQLRQV RU IODQJHV DQG ZLWK VKXWRII YDOYHV &RQQHFWWDQNGUDLQVZLWKVKXWRIIYDOYHVDQGGLVFKDUJHRYHUFORVHVWIORRUGUDLQV  *HQHUDOGXW\ YDOYHV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ *HQHUDO'XW\ 9DOYHV IRU 3OXPELQJ3LSLQJ
D 9DOYHV136DQG6PDOOHU
*DWHRUEDOO
E 9DOYHV136DQG/DUJHU
*DWHRUEXWWHUIO\
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

F 'UDLQ9DOYHV
 136JDWHRU EDOO YDOYH,QFOXGHRXWOHWZLWK RUQLSSOHLQRXWOHW ZLWK $60(% 1+WKUHDG IRU JDUGHQKRVH VHUYLFH WKUHDGHG FDS DQGFKDLQ
 :DWHU3LSLQJ&RQQHFWLRQV
0DNHFRQQHFWLRQVWRGLVVLPLODUPHWDOVZLWKGLHOHFWULFILWWLQJV 'LHOHFWULF ILWWLQJV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ &RPPRQ :RUN 5HVXOWV IRU 3OXPELQJ
 &RQQHFW DLU SLSLQJ WR K\GURSQHXPDWLF WDQNV ZLWK XQLRQV RU IODQJHV DQG JDWH RU EDOO YDOYHV0DNHFRQQHFWLRQVWRGLVVLPLODUPHWDOVZLWKGLHOHFWULFILWWLQJVZKLFKDUHVSHFLILHG LQ'LYLVLRQ6HFWLRQ&RPPRQ:RUN5HVXOWVIRU3OXPELQJ  ),(/'48$/,7<&21752/
$ 3HUIRUPWKHIROORZLQJILQDOFKHFNVEHIRUHILOOLQJ

 9HULI\WKDWDLUSUHFKDUJHLQSUHFKDUJHGWDQNVLVFRUUHFW  7HVWRSHUDWLRQRIWDQNDFFHVVRULHVDQGGHYLFHV
 9HULI\WKDWSUHVVXUHUHOLHIYDOYHVKDYHFRUUHFWVHWWLQJ D 0DQXDOO\RSHUDWHSUHVVXUHUHOLHIYDOYHV
E $GMXVWSUHVVXUHVHWWLQJV
 9HULI\WKDWYDFXXPUHOLHIYDOYHVDUHFRUUHFWVL]H D 0DQXDOO\RSHUDWHYDFXXPUHOLHIYDOYHV
E $GMXVWYDFXXPVHWWLQJV
% )LOOLQJ3URFHGXUHV
)ROORZPDQXIDFWXUHU
VZULWWHQSURFHGXUHV)LOOWDQNVZLWKZDWHUWRRSHUDWLQJ OHYHO
 &/($1,1*
$ &OHDQDQGGLVLQIHFWSRWDEOHZDWHUVWRUDJHWDQNV
% 8VH SXUJLQJ DQG GLVLQIHFWLQJ SURFHGXUH SUHVFULEHG E\ DXWKRULWLHV KDYLQJ MXULVGLFWLRQ RU LI PHWKRGLVQRWSUHVFULEHGXVHSURFHGXUHGHVFULEHGLQ$::$& (1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
6(&7,21
6$1,7$5<:$67($1'9(173,3,1*
3$57*(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJVRLODQGZDVWHVDQLWDU\GUDLQDJHDQGYHQWSLSLQJLQVLGHWKH

EXLOGLQJ

 3LSHWXEHDQGILWWLQJV
 6SHFLDOSLSHILWWLQJV
% 6HH'LYLVLRQ6HFWLRQ&KHPLFDO:DVWH6\VWHPVIRU/DERUDWRU\DQG+HDOWKFDUH)DFLOLWLHVIRU FKHPLFDOZDVWHDQGYHQWSLSLQJV\VWHPV
 3(5)250$1&(5(48,5(0(176
$ &RPSRQHQWV DQG LQVWDOODWLRQ VKDOO EH FDSDEOH RI ZLWKVWDQGLQJWKHIROORZLQJ PLQLPXP ZRUNLQJ SUHVVXUHXQOHVVRWKHUZLVHLQGLFDWHG

 6RLO:DVWHDQG9HQW3LSLQJ
IRRWKHDGRIZDWHU
N3D

 68%0,77$/6
$ )LHOGTXDOLW\FRQWUROLQVSHFWLRQDQGWHVWUHSRUWV  48$/,7<$6685$1&(
$ 3LSLQJPDWHULDOVVKDOOEHDUODEHOVWDPSRURWKHUPDUNLQJVRIVSHFLILHGWHVWLQJDJHQF\ % &RPSO\ZLWK16)3ODVWLFV3LSLQJ6\VWHPV&RPSRQHQWVDQG5HODWHG0DWHULDOVIRUSODVWLF SLSLQJFRPSRQHQWV,QFOXGHPDUNLQJZLWK 16)GZYIRUSODVWLFGUDLQZDVWHDQGYHQWSLSLQJ 
DQG16)GUDLQIRUSODVWLFGUDLQSLSLQJ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
3$57352'8&76
 3,3,1*0$7(5,$/6
$ +XEDQG6SLJRW&DVW,URQ3LSHDQG)LWWLQJV
$670$6HUYLFHFODVV
 *DVNHWV
$670&UXEEHU
% +XEOHVV&DVW,URQ3LSHDQG)LWWLQJV
$670$RU&,63,
 6RYHQW 6WDFN )LWWLQJV
  $60(% RU $66( KXEOHVV FDVWLURQ DHUDWRU DQG GHDHUDWRUGUDLQDJHILWWLQJV
 6KLHOGHG &RXSOLQJV
  $670& DVVHPEO\ RI PHWDO VKLHOG RU KRXVLQJ FRUURVLRQ UHVLVWDQWIDVWHQHUVDQGUXEEHUVOHHYHZLWKLQWHJUDOFHQWHUSLSHVWRS D 6WDQGDUG 6KLHOGHG 6WDLQOHVV6WHHO &RXSOLQJV
  &,63, ZLWK VWDLQOHVVVWHHO
FRUUXJDWHGVKLHOG
VWDLQOHVVVWHHOEDQGVDQGWLJKWHQLQJGHYLFHV
DQG$670&
UXEEHUVOHHYH
E +HDY\'XW\ 6KLHOGHG 6WDLQOHVV6WHHO &RXSOLQJV
  :LWK VWDLQOHVVVWHHO VKLHOG
VWDLQOHVVVWHHOEDQGVDQGWLJKWHQLQJGHYLFHVDQG$670&UXEEHUVOHHYH & &RSSHU':97XEH
$670%GUDLQDJHWXEHGUDZQWHPSHU
 &RSSHU'UDLQDJH)LWWLQJV
$60(%FDVWFRSSHURU$60(%
ZURXJKWFRSSHU
VROGHUMRLQWILWWLQJV
' $%63LSH
$670'6FKHGXOHVROLGZDOO
 $%6 6RFNHW )LWWLQJV
  $670' PDGH WR $670' GUDLQ ZDVWH DQG YHQW SDWWHUQV
( 39&3LSH
$670'VROLGZDOOGUDLQZDVWHDQGYHQW
 39&6RFNHW)LWWLQJV
$670'VRFNHWW\SHPDGHWR$670'GUDLQZDVWH DQGYHQWSDWWHUQV
3$57(;(&87,21
 3,3,1*$33/,&$7,216
$ 6SHFLDOSLSHILWWLQJVZLWKSUHVVXUHUDWLQJVDWOHDVWHTXDOWRSLSLQJSUHVVXUHUDWLQJVPD\EHXVHG LQDSSOLFDWLRQVEHORZXQOHVVRWKHUZLVHLQGLFDWHG
% )ODQJHVDQGXQLRQVPD\EHXVHGRQDERYHJURXQGSUHVVXUHSLSLQJXQOHVVRWKHUZLVHLQGLFDWHG & 6RLOZDVWHDQGYHQWSLSLQJVKDOOEHDQ\RIWKHIROORZLQJ 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 +XEOHVV FDVWLURQ VRLO SLSH DQG ILWWLQJV VWDQGDUG KHDY\GXW\ VKLHOGHG VWDLQOHVVVWHHO

FRXSOLQJV
DQGKXEOHVVFRXSOLQJMRLQWV
 $%6SLSH$%6VRFNHWILWWLQJVDQGVROYHQWFHPHQWHGMRLQWV  39&SLSH39&VRFNHWILWWLQJVDQGVROYHQWFHPHQWHGMRLQWV  3,3,1*,167$//$7,21
$ 6DQLWDU\ VHZHUSLSLQJ RXWVLGHWKHEXLOGLQJLV VSHFLILHGLQ'LYLVLRQ6HFWLRQ )DFLOLW\6DQLWDU\ 6HZHUV
% %DVLF SLSLQJ LQVWDOODWLRQ UHTXLUHPHQWV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ &RPPRQ :RUN 5HVXOWVIRU3OXPELQJ
& ,QVWDOO FOHDQRXWV DW JUDGH DQG H[WHQG WR ZKHUH EXLOGLQJ VDQLWDU\ GUDLQV FRQQHFW WR EXLOGLQJ VDQLWDU\VHZHUV
' ,QVWDOO FDVWLURQ VOHHYH ZLWK ZDWHU VWRS DQG PHFKDQLFDO VOHHYH VHDO DW HDFK VHUYLFH SLSH SHQHWUDWLRQ WKURXJK IRXQGDWLRQ ZDOO  6HOHFW QXPEHU RI LQWHUORFNLQJ UXEEHU OLQNV UHTXLUHG WR PDNHLQVWDOODWLRQZDWHUWLJKW6OHHYHVDQGPHFKDQLFDOVOHHYHVHDOVDUHVSHFLILHGLQ'LYLVLRQ 6HFWLRQ&RPPRQ:RUN5HVXOWVIRU3OXPELQJ
( ,QVWDOOZDOOSHQHWUDWLRQV\VWHPDWHDFKVHUYLFHSLSHSHQHWUDWLRQWKURXJKIRXQGDWLRQZDOO0DNH LQVWDOODWLRQZDWHUWLJKW:DOOSHQHWUDWLRQV\VWHPVDUHVSHFLILHGLQ'LYLVLRQ6HFWLRQ&RPPRQ :RUN5HVXOWVIRU3OXPELQJ
) ,QVWDOO FDVWLURQ VRLO SLSLQJ DFFRUGLQJ WR &,63, V &DVW ,URQ 6RLO 3LSH DQG )LWWLQJV +DQGERRN
&KDSWHU,9,QVWDOODWLRQRI&DVW,URQ6RLO3LSHDQG)LWWLQJV * 0DNH FKDQJHV LQ GLUHFWLRQ IRU VRLO DQG ZDVWH GUDLQDJH DQG YHQW SLSLQJ XVLQJ DSSURSULDWH EUDQFKHV EHQGV DQG ORQJVZHHS EHQGV  6DQLWDU\ WHHV DQG VKRUWVZHHS  EHQGV PD\ EH XVHGRQYHUWLFDOVWDFNVLIFKDQJHLQGLUHFWLRQRIIORZLVIURPKRUL]RQWDOWRYHUWLFDO8VHORQJWXUQ GRXEOH<EUDQFKDQGEHQGILWWLQJVLIIL[WXUHVDUHLQVWDOOHGEDFNWREDFNRUVLGHE\VLGHZLWK FRPPRQ GUDLQ SLSH 6WUDLJKWWHHV HOERZV DQG FURVVHVPD\ EH XVHG RQ YHQW OLQHV 'R QRW FKDQJH GLUHFWLRQ RIIORZ PRUHWKDQ
 GHJUHHV 8VH SURSHU VL]H RI VWDQGDUG LQFUHDVHUV DQG UHGXFHUVLISLSHVRIGLIIHUHQWVL]HVDUHFRQQHFWHG5HGXFLQJVL]HRIGUDLQDJHSLSLQJLQGLUHFWLRQ RIIORZLVSURKLELWHG
+ /D\EXULHGEXLOGLQJGUDLQDJHSLSLQJEHJLQQLQJDWORZSRLQWRIHDFKV\VWHP,QVWDOOWUXHWRJUDGHV DQGDOLJQPHQWLQGLFDWHGZLWKXQEURNHQFRQWLQXLW\RILQYHUW3ODFHKXEHQGVRISLSLQJXSVWUHDP ,QVWDOO UHTXLUHG JDVNHWV DFFRUGLQJ WR PDQXIDFWXUHU V ZULWWHQ LQVWUXFWLRQVIRU XVH RI OXEULFDQWV
FHPHQWVDQGRWKHULQVWDOODWLRQUHTXLUHPHQWV0DLQWDLQVZDELQSLSLQJDQGSXOOSDVWHDFKMRLQW DVFRPSOHWHG
, ,QVWDOO VRLO DQG ZDVWH GUDLQDJH DQG YHQW SLSLQJ DW WKH IROORZLQJ PLQLPXP VORSHV XQOHVV RWKHUZLVHLQGLFDWHG

 %XLOGLQJ6DQLWDU\'UDLQ
SHUFHQWGRZQZDUGLQGLUHFWLRQRIIORZIRUSLSLQJ
 +RUL]RQWDO6DQLWDU\'UDLQDJH3LSLQJ
SHUFHQWGRZQZDUGLQGLUHFWLRQRIIORZ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 9HQW3LSLQJ
SHUFHQWGRZQWRZDUGYHUWLFDOIL[WXUHYHQWRUWRZDUGYHQWVWDFN - 6OHHYHV DUH QRW UHTXLUHG IRU FDVWLURQ VRLO SLSLQJ SDVVLQJ WKURXJK FRQFUHWH VODEVRQJUDGH LI VODELVZLWKRXWPHPEUDQHZDWHUSURRILQJ
. ,QVWDOO$%6VRLODQGZDVWHGUDLQDJHDQGYHQWSLSLQJDFFRUGLQJWR$670' / ,QVWDOO39&VRLODQGZDVWHGUDLQDJHDQGYHQWSLSLQJDFFRUGLQJWR$670' 0 ,QVWDOOXQGHUJURXQG$%6DQG39&VRLODQGZDVWHGUDLQDJHSLSLQJDFFRUGLQJWR$670' 1 'R QRW HQFORVH FRYHU RU SXW SLSLQJ LQWR RSHUDWLRQ XQWLO LW LV LQVSHFWHG DQG DSSURYHG E\ DXWKRULWLHVKDYLQJMXULVGLFWLRQ
 -2,17&216758&7,21
$ %DVLFSLSLQJMRLQWFRQVWUXFWLRQUHTXLUHPHQWVDUHVSHFLILHGLQ'LYLVLRQ6HFWLRQ&RPPRQ:RUN 5HVXOWVIRU3OXPELQJ
% &DVW,URQ6RLO3LSLQJ-RLQWV
0DNHMRLQWVDFFRUGLQJWR&,63,
V&DVW,URQ6RLO3LSHDQG)LWWLQJV
+DQGERRN&KDSWHU,9,QVWDOODWLRQRI&DVW,URQ6RLO3LSHDQG)LWWLQJV  *DVNHWHG-RLQWV
0DNHZLWKUXEEHUJDVNHWPDWFKLQJFODVVRISLSHDQGILWWLQJV  +XEOHVV-RLQWV
0DNHZLWKUXEEHUJDVNHWDQGVOHHYHRUFODPS
& 6ROGHUHG-RLQWV
8VH$670%ZDWHUIOXVKDEOHOHDGIUHHIOX[
$670%OHDGIUHHDOOR\
VROGHU
DQG$670%SURFHGXUHXQOHVVRWKHUZLVHLQGLFDWHG ' 39&1RQSUHVVXUH3LSLQJ-RLQWV
-RLQSLSLQJDFFRUGLQJWR$670'
 9$/9(,167$//$7,21
$ *HQHUDOGXW\ YDOYHV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ *HQHUDO'XW\ 9DOYHV IRU 3OXPELQJ 3LSLQJ
% 6KXWRII9DOYHV
,QVWDOOVKXWRIIYDOYHRQHDFKVHZDJHSXPSGLVFKDUJH  8VHJDWHRUIXOOSRUWEDOOYDOYHIRUSLSLQJ136
'1
DQGVPDOOHU
 8VHJDWHYDOYHIRUSLSLQJ136
'1
DQGODUJHU
& &KHFN 9DOYHV
  ,QVWDOO VZLQJ FKHFN YDOYH GRZQVWUHDP IURP VKXWRII YDOYH RQ HDFK VHZDJH SXPSGLVFKDUJH
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 +$1*(5$1'6833257,167$//$7,21
$ 6HLVPLFUHVWUDLQW GHYLFHV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ 9LEUDWLRQ DQG6HLVPLF &RQWUROV IRU3OXPELQJ3LSLQJDQG(TXLSPHQW
% 3LSH KDQJHUV DQG VXSSRUWV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ +DQJHUV DQG 6XSSRUWV IRU 3OXPELQJ3LSLQJDQG(TXLSPHQW,QVWDOOWKHIROORZLQJ

 9HUWLFDO3LSLQJ
0667\SHRU7\SHFODPSV
 ,QGLYLGXDO6WUDLJKW+RUL]RQWDO3LSLQJ5XQV
$FFRUGLQJWRWKHIROORZLQJ

D )HHW
P
DQG/HVV
0667\SHDGMXVWDEOHVWHHOFOHYLVKDQJHUV
E /RQJHU7KDQ)HHW
P

0667\SHDGMXVWDEOHUROOHUKDQJHUV
F /RQJHU7KDQ)HHW
P
LI,QGLFDWHG
0667\SH
VSULQJFXVKLRQUROOV
 0XOWLSOH6WUDLJKW+RUL]RQWDO3LSLQJ5XQV)HHW P
RU/RQJHU
0667\SHSLSH
UROOV6XSSRUWSLSHUROOVRQWUDSH]H
 %DVHRI9HUWLFDO3LSLQJ
0667\SHVSULQJKDQJHUV
& ,QVWDOO VXSSRUWV DFFRUGLQJ WR 'LYLVLRQ 6HFWLRQ +DQJHUV DQG 6XSSRUWV IRU 3OXPELQJ 3LSLQJ DQG(TXLSPHQW
' 6XSSRUWYHUWLFDOSLSLQJDQGWXELQJDWEDVHDQGDWHDFKIORRU ( 5RGGLDPHWHUPD\EH UHGXFHGVL]HIRUGRXEOHURGKDQJHUVZLWKLQFK PP
PLQLPXP
URGV
) ,QVWDOO KDQJHUV IRU FDVWLURQ VRLO SLSLQJ ZLWK WKH IROORZLQJ PD[LPXP KRUL]RQWDO VSDFLQJ DQG PLQLPXPURGGLDPHWHUV

 136DQG136
'1DQG'1

LQFKHV
PP
ZLWKLQFK
PP

URG
 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136 DQG136
'1DQG'1

 LQFKHV
PP
ZLWK LQFK
PP

URG
 136
'1

LQFKHV
PP
ZLWKLQFK

PP
URG
 6SDFLQJIRUIRRW
P
OHQJWKVPD\EHLQFUHDVHGWRIHHW
P
6SDFLQJIRUILWWLQJV
LVOLPLWHGWRLQFKHV
PP

* ,QVWDOOVXSSRUWVIRUYHUWLFDOFDVWLURQVRLOSLSLQJHYHU\IHHW P

+ ,QVWDOOKDQJHUVIRUVWHHOSLSLQJZLWKWKHIROORZLQJPD[LPXPKRUL]RQWDOVSDFLQJDQGPLQLPXPURG

GLDPHWHUV

 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK
PP
URG
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 136DQG136
'1DQG'1

IHHW
P
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK

PP
URG
, ,QVWDOOVXSSRUWVIRUYHUWLFDOVWHHOSLSLQJHYHU\IHHW P

- ,QVWDOOKDQJHUVIRUFRSSHUWXELQJZLWKWKHIROORZLQJPD[LPXPKRUL]RQWDOVSDFLQJDQGPLQLPXP URGGLDPHWHUV

 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136DQG136
'1DQG'1


LQFKHV
PP
ZLWKLQFK
PP

URG
 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136WR136
'1WR'1

IHHW
P
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK
PP
URG
. ,QVWDOOVXSSRUWVIRUYHUWLFDOFRSSHUWXELQJHYHU\IHHW P

/ ,QVWDOO KDQJHUV IRU $%6 DQG 39& SLSLQJ ZLWK WKH IROORZLQJ PD[LPXP KRUL]RQWDO VSDFLQJ DQG PLQLPXPURGGLDPHWHUV

 136DQG136
'1DQG'1

LQFKHV
PP
ZLWKLQFK
PP

URG
 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136 DQG136
'1DQG'1

 LQFKHV
PP
ZLWK LQFK
PP

URG
 136
'1

LQFKHV
PP
ZLWKLQFK

PP
URG
0 ,QVWDOOVXSSRUWVIRUYHUWLFDO$%6DQG39&SLSLQJHYHU\LQFKHV PP

1 6XSSRUWSLSLQJDQGWXELQJQRWOLVWHGDERYHDFFRUGLQJWR06663 DQGPDQXIDFWXUHU
VZULWWHQ
LQVWUXFWLRQV
 &211(&7,216
$ &RQQHFWVRLODQGZDVWHSLSLQJWRH[WHULRUVDQLWDU\VHZHUDJHSLSLQJ8VHWUDQVLWLRQILWWLQJWRMRLQ GLVVLPLODUSLSLQJPDWHULDOV
% &RQQHFWGUDLQDJHDQGYHQWSLSLQJWRWKHIROORZLQJ

 3OXPELQJ )L[WXUHV
  &RQQHFW GUDLQDJH SLSLQJ LQ VL]HV LQGLFDWHG EXW QRW VPDOOHU WKDQ UHTXLUHG E\ SOXPELQJ FRGH  5HIHU WR 'LYLVLRQ 6HFWLRQ 6DQLWDU\ :DVWH 3LSLQJ 6SHFLDOWLHV
 3OXPELQJ)L[WXUHVDQG(TXLSPHQW
&RQQHFWDWPRVSKHULFYHQWSLSLQJLQVL]HVLQGLFDWHG
EXWQRWVPDOOHUWKDQUHTXLUHGE\DXWKRULWLHVKDYLQJMXULVGLFWLRQ  3OXPELQJ 6SHFLDOWLHV
  &RQQHFW GUDLQDJH DQG YHQW SLSLQJ LQ VL]HV LQGLFDWHG EXW QRW VPDOOHUWKDQ UHTXLUHG E\ SOXPELQJ FRGH 5HIHUWR 'LYLVLRQ6HFWLRQ 6DQLWDU\:DVWH 3LSLQJ6SHFLDOWLHV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 (TXLSPHQW
  &RQQHFW GUDLQDJH SLSLQJ DV LQGLFDWHG  3URYLGH VKXWRII YDOYH LI LQGLFDWHG DQGXQLRQIRUHDFKFRQQHFWLRQ8VHIODQJHVLQVWHDGRIXQLRQVIRUFRQQHFWLRQV136

'1
DQGODUJHU
 ),(/'48$/,7<&21752/
$ 'XULQJLQVWDOODWLRQQRWLI\DXWKRULWLHVKDYLQJMXULVGLFWLRQDWOHDVWKRXUVEHIRUHLQVSHFWLRQPXVW EHPDGH3HUIRUPWHVWVVSHFLILHGEHORZLQSUHVHQFHRIDXWKRULWLHVKDYLQJMXULVGLFWLRQ  5RXJKLQJLQ,QVSHFWLRQ
$UUDQJHIRULQVSHFWLRQRISLSLQJEHIRUHFRQFHDOLQJRUFORVLQJLQ DIWHUURXJKLQJLQDQGEHIRUHVHWWLQJIL[WXUHV
 )LQDO,QVSHFWLRQ
$UUDQJHIRUILQDOLQVSHFWLRQE\DXWKRULWLHVKDYLQJMXULVGLFWLRQWRREVHUYH WHVWVVSHFLILHGEHORZDQGWRHQVXUHFRPSOLDQFHZLWKUHTXLUHPHQWV % 5HLQVSHFWLRQ
,IDXWKRULWLHVKDYLQJMXULVGLFWLRQILQGWKDWSLSLQJZLOOQRW SDVVWHVWRU LQVSHFWLRQ PDNHUHTXLUHGFRUUHFWLRQVDQGDUUDQJHIRUUHLQVSHFWLRQ & 5HSRUWV
3UHSDUHLQVSHFWLRQUHSRUWVDQGKDYHWKHPVLJQHGE\DXWKRULWLHVKDYLQJMXULVGLFWLRQ ' 7HVWVDQLWDU\GUDLQDJHDQGYHQWSLSLQJDFFRUGLQJWRSURFHGXUHVRIDXWKRULWLHVKDYLQJMXULVGLFWLRQ  5HSDLU OHDNV DQG GHIHFWV ZLWK QHZ PDWHULDOV DQG UHWHVW SLSLQJ RU SRUWLRQ WKHUHRI XQWLO VDWLVIDFWRU\UHVXOWVDUHREWDLQHG
 3UHSDUHUHSRUWVIRUWHVWVDQGUHTXLUHGFRUUHFWLYHDFWLRQ  &/($1,1*
$ &OHDQLQWHULRURISLSLQJ5HPRYHGLUWDQGGHEULVDVZRUNSURJUHVVHV % 3URWHFWGUDLQVGXULQJUHPDLQGHURIFRQVWUXFWLRQSHULRGWRDYRLGFORJJLQJZLWKGLUWDQGGHEULVDQG WRSUHYHQWGDPDJHIURPWUDIILFDQGFRQVWUXFWLRQZRUN
& 3ODFHSOXJVLQHQGVRIXQFRPSOHWHGSLSLQJDWHQGRIGD\DQGZKHQZRUNVWRSV 
 3527(&7,21
$ ([SRVHG$%6DQG39&3LSLQJ
3URWHFWSOXPELQJYHQWVH[SRVHGWRVXQOLJKWZLWKWZRFRDWVRI ZDWHUEDVHGODWH[SDLQW
(1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
7KLV3DJH%ODQN
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
6(&7,21

6$1,7$5<:$67(3,3,1*63(&,$/7,(6
3$57*(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJVDQLWDU\GUDLQDJHSLSLQJVSHFLDOWLHV 
 %DFNZDWHUYDOYHV
 &OHDQRXWV
 )ORRUGUDLQV
 5RRIIODVKLQJDVVHPEOLHV
 0LVFHOODQHRXVVDQLWDU\GUDLQDJHSLSLQJVSHFLDOWLHV  )ODVKLQJPDWHULDOV
 *UHDVHLQWHUFHSWRUV
 68%0,77$/6
$ 3URGXFW 'DWD
  )RU HDFK W\SH RI SURGXFW LQGLFDWHG  ,QFOXGH UDWHG FDSDFLWLHV RSHUDWLQJ FKDUDFWHULVWLFVDQGDFFHVVRULHVIRUJUHDVHLQWHUFHSWRUV  48$/,7<$6685$1&(
$ 'UDLQDJH SLSLQJ VSHFLDOWLHV VKDOO EHDU ODEHO VWDPS RU RWKHU PDUNLQJV RI VSHFLILHG WHVWLQJ DJHQF\
3$57352'8&76
 &/($12876
$ ([SRVHG&DVW,URQ&OHDQRXWV

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 %DVLVRI'HVLJQ 3URGXFW
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV SURYLGH D FRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ

D -RVDP&RPSDQ\
-RVDP'LY
E 0,)$%,QF
F 6PLWK-D\50IJ&R
'LYLVLRQRI6PLWK,QGXVWULHV,QF
G 7\OHU3LSH
:DGH'LY
H :DWWV'UDLQDJH3URGXFWV,QF
I =XUQ3OXPELQJ3URGXFWV*URXS
6SHFLILFDWLRQ'UDLQDJH2SHUDWLRQ
 6WDQGDUG
$60($0IRUFDVWLURQIRUFOHDQRXWWHVWWHH  6L]H
6DPHDVFRQQHFWHGGUDLQDJHSLSLQJ
 %RG\ 0DWHULDO
  +XEOHVV FDVWLURQ VRLO SLSH WHVW WHH DV UHTXLUHG WR PDWFK FRQQHFWHG SLSLQJ
 &ORVXUH
&RXQWHUVXQNEUDVVSOXJ
 &ORVXUH3OXJ6L]H
6DPHDVRUQRWPRUHWKDQRQHVL]HVPDOOHUWKDQFOHDQRXWVL]H % &DVW,URQ:DOO&OHDQRXWV

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ 3URGXFW
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV SURYLGH D FRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ

D -RVDP&RPSDQ\
-RVDP'LY
E 0,)$%,QF
F 6PLWK-D\50IJ&R
'LYLVLRQRI6PLWK,QGXVWULHV,QF
G 7\OHU3LSH
:DGH'LY
H :DWWV'UDLQDJH3URGXFWV,QF
I =XUQ3OXPELQJ3URGXFWV*URXS
6SHFLILFDWLRQ'UDLQDJH2SHUDWLRQ
 6WDQGDUG
$60($0,QFOXGHZDOODFFHVV
 6L]H
6DPHDVFRQQHFWHGGUDLQDJHSLSLQJ
 %RG\
+XEDQGVSLJRWFDVWLURQVRLOSLSH7EUDQFKRU+XEOHVVFDVWLURQVRLOSLSHWHVWWHH DVUHTXLUHGWRPDWFKFRQQHFWHGSLSLQJ
 &ORVXUH
&RXQWHUVXQNEUDVVSOXJ
 &ORVXUH3OXJ6L]H
6DPHDVRUQRWPRUHWKDQRQHVL]HVPDOOHUWKDQFOHDQRXWVL]H

 :DOO$FFHVV
5RXQGIODWFKURPHSODWHGEUDVVRUVWDLQOHVVVWHHOFRYHUSODWHZLWKVFUHZ  )/225'5$,16
$ &DVW,URQ)ORRU'UDLQV

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ 3URGXFW
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV SURYLGH D FRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ

D &RPPHUFLDO(QDPHOLQJ&R
E -RVDP&RPSDQ\
-RVDP'LY
F 0,)$%,QF
G 3ULHU3URGXFWV,QF
H 6PLWK-D\50IJ&R
'LYLVLRQRI6PLWK,QGXVWULHV,QF
I 7\OHU3LSH
:DGH'LY
J :DWWV'UDLQDJH3URGXFWV,QF
K =XUQ3OXPELQJ3URGXFWV*URXS
/LJKW&RPPHUFLDO2SHUDWLRQ
L =XUQ3OXPELQJ3URGXFWV*URXS
6SHFLILFDWLRQ'UDLQDJH2SHUDWLRQ
 6WDQGDUG
$60($
 0,6&(//$1(2866$1,7$5<'5$,1$*(3,3,1*63(&,$/7,(6 $ )ORRU'UDLQ7UDS6HDO3ULPHU)LWWLQJV

 'HVFULSWLRQ
 &DVW LURQ ZLWKWKUHDGHG LQOHW DQGWKUHDGHG RU VSLJRW RXWOHW DQGWUDSVHDO SULPHUYDOYHFRQQHFWLRQ
 6L]H
6DPHDVIORRUGUDLQRXWOHWZLWK136
'1
VLGHLQOHW
% $LU*DS)LWWLQJV

 6WDQGDUG
$60($IRUILWWLQJGHVLJQHGWRHQVXUHIL[HGSRVLWLYHDLUJDSEHWZHHQ LQVWDOOHGLQOHWDQGRXWOHWSLSLQJ
 %RG\
%URQ]HRUFDVWLURQ
 ,QOHW
2SHQLQJLQWRSRIERG\
 2XWOHW
/DUJHUWKDQLQOHW
 6L]H
  6DPH DV FRQQHFWHG ZDVWH SLSLQJ DQG ZLWK LQOHW ODUJH HQRXJK IRU DVVRFLDWHG LQGLUHFWZDVWHSLSLQJ
 *5($6(,17(5&(37256
$ *UHDVH,QWHUFHSWRUV

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 %DVLVRI'HVLJQ 3URGXFW
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV SURYLGH D FRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ

D $SSOLHG&KHPLFDO7HFKQRORJ\,QFRUSRUDWHG
E -RVDP&RPSDQ\
-RVDP'LY
F 0,)$%,QF
G 5RFNIRUG6DQLWDU\6\VWHPV,QF
H 6FKLHU3URGXFWV&RPSDQ\
I 6PLWK-D\50IJ&R
'LYLVLRQRI6PLWK,QGXVWULHV,QF
J 7\OHU3LSH
:DGH'LY
K :DWWV'UDLQDJH3URGXFWV,QF
L =XUQ3OXPELQJ3URGXFWV*URXS
/LJKW&RPPHUFLDO2SHUDWLRQ
M =XUQ3OXPELQJ3URGXFWV*URXS
6SHFLILFDWLRQ'UDLQDJH2SHUDWLRQ
N $VKODQG7UDS'LVWULEXWLRQ&R
O %LR0LFURELFV,QF
P &DQSODV//&
Q 6FKLHU3URGXFWV&RPSDQ\
R =XUQ3OXPELQJ3URGXFWV*URXS
/LJKW&RPPHUFLDO2SHUDWLRQ
 6WDQGDUG
  $60($ IRU LQWHUFHSWLQJ DQG UHWDLQLQJ IDWV RLOV DQG JUHDVHV IURP IRRGSUHSDUDWLRQZDVWHZDWHU
 %RG\0DWHULDO
&DVWLURQRUVWHHO
 ,QWHULRU/LQLQJ
&RUURVLRQUHVLVWDQWHQDPHO
 %RG\([WHQVLRQ
5HTXLUHG
 &OHDQRXW
ILHOGLQVWDOOHGRQRXWOHW

 0RXQWLQJ
5HFHVVHGIOXVKZLWKIORRU
 )ORZ&RQWURO)LWWLQJ
5HTXLUHG
3$57(;(&87,21
 ,167$//$7,21
$ 5HIHUWR'LYLVLRQ6HFWLRQ&RPPRQ:RUN5HVXOWVIRU3OXPELQJIRUSLSLQJMRLQLQJPDWHULDOV MRLQWFRQVWUXFWLRQDQGEDVLFLQVWDOODWLRQUHTXLUHPHQWV % ,QVWDOOEDFNZDWHUYDOYHVLQEXLOGLQJGUDLQSLSLQJ)RULQWHULRULQVWDOODWLRQSURYLGHFOHDQRXWGHFN SODWHIOXVKZLWKIORRUDQGFHQWHUHGRYHUEDFNZDWHUYDOYHFRYHUDQGRIDGHTXDWHVL]HWRUHPRYH YDOYHFRYHUIRUVHUYLFLQJ
& ,QVWDOO FOHDQRXWV LQ DERYHJURXQG SLSLQJ DQG EXLOGLQJ GUDLQ SLSLQJ DFFRUGLQJ WR WKH IROORZLQJ XQOHVVRWKHUZLVHLQGLFDWHG

 6L]H VDPH DV GUDLQDJH SLSLQJ XS WR 136
'1
  8VH 136
'1
 IRU ODUJHU
GUDLQDJHSLSLQJXQOHVVODUJHUFOHDQRXWLVLQGLFDWHG
 /RFDWHDWHDFKFKDQJHLQGLUHFWLRQRISLSLQJJUHDWHUWKDQGHJUHHV  /RFDWHDWPLQLPXPLQWHUYDOVRIIHHW
P
IRUSLSLQJ136
'1
DQGVPDOOHUDQG
IHHW
P
IRUODUJHUSLSLQJ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 /RFDWHDWEDVHRIHDFKYHUWLFDOVRLODQGZDVWHVWDFN ' )RU IORRU FOHDQRXWV IRU SLSLQJ EHORZ IORRUV LQVWDOO FOHDQRXW GHFN SODWHV ZLWK WRS IOXVK ZLWK ILQLVKHGIORRU
( )RU FOHDQRXWV ORFDWHG LQ FRQFHDOHG SLSLQJ LQVWDOO FOHDQRXW ZDOO DFFHVV FRYHUV RI W\SHV LQGLFDWHGZLWKIUDPHDQGFRYHUIOXVKZLWKILQLVKHGZDOO ) ,QVWDOOIORRUGUDLQVDWORZSRLQWVRIVXUIDFHDUHDVWREHGUDLQHG6HWJUDWHVRIGUDLQVIOXVKZLWK ILQLVKHGIORRUXQOHVVRWKHUZLVHLQGLFDWHG
 3RVLWLRQIORRUGUDLQVIRUHDV\DFFHVVDQGPDLQWHQDQFH  6HWIORRUGUDLQVEHORZHOHYDWLRQRIVXUURXQGLQJILQLVKHGIORRUWRDOORZIORRUGUDLQDJH6HW ZLWKJUDWHVGHSUHVVHGDFFRUGLQJWRWKHIROORZLQJGUDLQDJHDUHDUDGLL 
D 5DGLXV,QFKHV
PP
RU/HVV
(TXLYDOHQWWRSHUFHQWVORSHEXWQRWOHVV
WKDQLQFK
PP
WRWDOGHSUHVVLRQ
E 5DGLXVWR,QFKHV
WRPP

(TXLYDOHQWWRSHUFHQWVORSH
F 5DGLXV  ,QFKHV
 PP
 RU /DUJHU
 (TXLYDOHQWWR  SHUFHQW VORSH EXW QRW
JUHDWHUWKDQLQFK
PP
WRWDOGHSUHVVLRQ
 ,QVWDOO IORRUGUDLQ IODVKLQJ FROODU RU IODQJH VR QR OHDNDJH RFFXUV EHWZHHQ GUDLQ DQG DGMRLQLQJIORRULQJ0DLQWDLQLQWHJULW\RIZDWHUSURRIPHPEUDQHVZKHUHSHQHWUDWHG  ,QVWDOO LQGLYLGXDO WUDSV IRU IORRU GUDLQV FRQQHFWHG WR VDQLWDU\ EXLOGLQJ GUDLQ XQOHVV RWKHUZLVHLQGLFDWHG
* ,QVWDOOURRIIODVKLQJDVVHPEOLHVRQVDQLWDU\VWDFNYHQWVDQGYHQWVWDFNVWKDWH[WHQGWKURXJKURRI + ,QVWDOOIODVKLQJILWWLQJVRQVDQLWDU\VWDFNYHQWVDQGYHQWVWDFNVWKDWH[WHQGWKURXJKURRI , ,QVWDOO IORRUGUDLQ WUDSVHDO SULPHU ILWWLQJV RQ LQOHW WR IORRU GUDLQV WKDW UHTXLUH WUDSVHDO SULPHU FRQQHFWLRQ
 ([FHSWLRQ
)LWWLQJPD\EHRPLWWHGLIWUDSKDVWUDSVHDOSULPHUFRQQHFWLRQ  6L]H
6DPHDVIORRUGUDLQLQOHW
- ,QVWDOO DLUJDS ILWWLQJV RQ GUDLQLQJW\SH EDFNIORZ SUHYHQWHUV DQG RQ LQGLUHFWZDVWH SLSLQJ GLVFKDUJHLQWRVDQLWDU\GUDLQDJHV\VWHP
. ,QVWDOO VOHHYHIODVKLQJ GHYLFHZLWKHDFK ULVHUDQG VWDFNSDVVLQJWKURXJKIORRUVZLWKZDWHUSURRI PHPEUDQH
/ ,QVWDOOYHQWFDSVRQHDFKYHQWSLSHSDVVLQJWKURXJKURRI 0 ,QVWDOO JUHDVH LQWHUFHSWRUV LQFOXGLQJ WUDSSLQJ YHQWLQJ DQG IORZFRQWURO ILWWLQJ DFFRUGLQJ WR DXWKRULWLHVKDYLQJMXULVGLFWLRQDQGZLWKFOHDUVSDFHIRUVHUYLFLQJ  $ERYH)ORRU,QVWDOODWLRQ
6HWXQLWZLWKERWWRPUHVWLQJRQIORRUXQOHVVRWKHUZLVHLQGLFDWHG -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 )OXVK ZLWK )ORRU ,QVWDOODWLRQ
  6HW XQLW DQG H[WHQVLRQ LI UHTXLUHG ZLWK FRYHU IOXVK ZLWK ILQLVKHGIORRU
 5HFHVVHG )ORRU ,QVWDOODWLRQ
  6HW XQLW LQ UHFHLYHU KRXVLQJ KDYLQJ ERWWRP RU FUDGOH VXSSRUWVZLWKUHFHLYHUKRXVLQJFRYHUIOXVKZLWKILQLVKHGIORRU  ,QVWDOO FOHDQRXW LPPHGLDWHO\ GRZQVWUHDP IURP LQWHUFHSWRUV QRW KDYLQJ LQWHJUDO FOHDQRXW RQRXWOHW
1 ,QVWDOOWUDSV RQ SOXPELQJ VSHFLDOW\ GUDLQ RXWOHWV2PLWWUDSV RQ LQGLUHFW ZDVWHV XQOHVVWUDS LV LQGLFDWHG
2 ,QVWDOO HVFXWFKHRQV DW ZDOO IORRU DQG FHLOLQJ SHQHWUDWLRQV LQ H[SRVHG ILQLVKHG ORFDWLRQV DQG ZLWKLQ FDELQHWVDQGPLOOZRUN8VHGHHSSDWWHUQHVFXWFKHRQVLIUHTXLUHGWR FRQFHDO SURWUXGLQJ SLSHILWWLQJV
 &211(&7,216
$ 3LSLQJLQVWDOODWLRQ UHTXLUHPHQWVDUHVSHFLILHGLQRWKHU'LYLVLRQ6HFWLRQV'UDZLQJVLQGLFDWH JHQHUDODUUDQJHPHQWRISLSLQJILWWLQJVDQGVSHFLDOWLHV % ,QVWDOOSLSLQJDGMDFHQWWRHTXLSPHQWWRDOORZVHUYLFHDQGPDLQWHQDQFH & *UHDVH,QWHUFHSWRUV
&RQQHFWLQOHWDQGRXWOHWWRXQLWDQGFRQQHFWIORZFRQWUROILWWLQJDQGYHQWWR XQLWLQOHWSLSLQJ,QVWDOOYDOYHRQRXWOHWRIDXWRPDWLFGUDZRIIW\SHXQLW  )/$6+,1*,167$//$7,21
$ )DEULFDWHIODVKLQJIURP VLQJOH SLHFH XQOHVV ODUJH SDQV VXPSV RU RWKHU GUDLQDJH VKDSHV DUH UHTXLUHG-RLQIODVKLQJDFFRUGLQJWRWKHIROORZLQJLIUHTXLUHG 
 /HDG6KHHWV
%XUQMRLQWVRIOHDGVKHHWVOEVTIW
NJVTP

LQFK
PP

WKLFNQHVVRUWKLFNHU6ROGHUMRLQWVRIOHDGVKHHWVOEVTIW NJVTP
LQFK

PP
WKLFNQHVVRUWKLQQHU
% ,QVWDOOVKHHWIODVKLQJRQSLSHVVOHHYHVDQGVSHFLDOWLHVSDVVLQJWKURXJKRUHPEHGGHGLQIORRUV DQGURRIVZLWKZDWHUSURRIPHPEUDQH
 3LSH)ODVKLQJ
6OHHYHW\SHPDWFKLQJSLSHVL]HZLWKPLQLPXPOHQJWKRILQFKHV 
PP
DQGVNLUWRUIODQJHH[WHQGLQJDWOHDVWLQFKHV
PP
DURXQGSLSH
 6OHHYH )ODVKLQJ
 )ODW VKHHW ZLWK VNLUW RUIODQJH H[WHQGLQJ DW OHDVW  LQFKHV PP

DURXQGVOHHYH
 (PEHGGHG6SHFLDOW\)ODVKLQJ
)ODWVKHHWZLWKVNLUWRUIODQJHH[WHQGLQJDWOHDVWLQFKHV

PP
DURXQGVSHFLDOW\
& 6HWIODVKLQJRQIORRUVDQGURRIVLQVROLGFRDWLQJRIELWXPLQRXVFHPHQW ' 6HFXUHIODVKLQJLQWRVOHHYHDQGVSHFLDOW\FODPSLQJULQJRUGHYLFH -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
( ,QVWDOO IODVKLQJ IRU SLSLQJ SDVVLQJ WKURXJK URRIV ZLWK FRXQWHUIODVKLQJ RU FRPPHUFLDOO\ PDGH IODVKLQJILWWLQJVDFFRUGLQJWR'LYLVLRQ6HFWLRQ6KHHW0HWDO)ODVKLQJDQG7ULP ) ([WHQGIODVKLQJXSYHQWSLSHSDVVLQJWKURXJKURRIVDQGWXUQGRZQLQWRSLSHRUVHFXUHIODVKLQJ LQWRFDVWLURQVOHHYHKDYLQJFDONLQJUHFHVV
 /$%(/,1*$1','(17,)<,1*
$ (TXLSPHQW 1DPHSODWHV DQG6LJQV
,QVWDOO HQJUDYHG SODVWLFODPLQDWH HTXLSPHQW QDPHSODWH RU VLJQRQRUQHDUHDFKJUHDVHLQWHUFHSWRU
% 'LVWLQJXLVK DPRQJ PXOWLSOH XQLWV LQIRUP RSHUDWRU RI RSHUDWLRQDO UHTXLUHPHQWV LQGLFDWH VDIHW\ DQG HPHUJHQF\ SUHFDXWLRQV DQG ZDUQ RI KD]DUGV DQG LPSURSHU RSHUDWLRQV LQ DGGLWLRQ WR LGHQWLI\LQJ XQLW  1DPHSODWHV DQG VLJQV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ ,GHQWLILFDWLRQ IRU 3OXPELQJ3LSLQJDQG(TXLSPHQW
 3527(&7,21
$ 3URWHFWGUDLQVGXULQJUHPDLQGHURIFRQVWUXFWLRQSHULRGWRDYRLGFORJJLQJZLWKGLUWRUGHEULVDQG WRSUHYHQWGDPDJHIURPWUDIILFRUFRQVWUXFWLRQZRUN
% 3ODFHSOXJVLQHQGVRIXQFRPSOHWHGSLSLQJDWHQGRIHDFKGD\RUZKHQZRUNVWRSV (1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
,17(17,21$//()7%/$1.
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
6(&7,21
)$&,/,7<67250'5$,1$*(3,3,1*
3$57*(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJVWRUPGUDLQDJHSLSLQJLQVLGHWKHEXLOGLQJ  3LSHWXEHDQGILWWLQJV
 6SHFLDOSLSHILWWLQJV
 3(5)250$1&(5(48,5(0(176
$ &RPSRQHQWV DQG LQVWDOODWLRQ VKDOO EH FDSDEOH RI ZLWKVWDQGLQJWKHIROORZLQJ PLQLPXP ZRUNLQJ SUHVVXUHXQOHVVRWKHUZLVHLQGLFDWHG

 6WRUP'UDLQDJH3LSLQJ
IRRWKHDGRIZDWHU
N3D

 68%0,77$/6
$ )LHOGTXDOLW\FRQWUROLQVSHFWLRQDQGWHVWUHSRUWV  48$/,7<$6685$1&(
$ 3LSLQJPDWHULDOVVKDOOEHDUODEHOVWDPSRURWKHUPDUNLQJVRIVSHFLILHGWHVWLQJDJHQF\ % &RPSO\ZLWK16)3ODVWLFV3LSLQJ6\VWHPV&RPSRQHQWVDQG5HODWHG0DWHULDOVIRUSODVWLF SLSLQJFRPSRQHQWV,QFOXGHPDUNLQJZLWK16)GUDLQIRUSODVWLFGUDLQSLSLQJ 3$57352'8&76
 3,3,1*0$7(5,$/6
$ +XEDQG6SLJRW&DVW,URQ3LSHDQG)LWWLQJV
$670$6HUYLFHFODVV
 *DVNHWV
$670&UXEEHU
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
% +XEOHVV&DVW,URQ3LSHDQG)LWWLQJV
$670$RU&,63,
 6KLHOGHG &RXSOLQJV
  $670& DVVHPEO\ RI PHWDO VKLHOG RU KRXVLQJ FRUURVLRQ UHVLVWDQWIDVWHQHUVDQGUXEEHUVOHHYHZLWKLQWHJUDOFHQWHUSLSHVWRS D 6WDQGDUG 6KLHOGHG 6WDLQOHVV6WHHO &RXSOLQJV
  &,63, ZLWK VWDLQOHVVVWHHO
FRUUXJDWHGVKLHOG
VWDLQOHVVVWHHOEDQGVDQGWLJKWHQLQJGHYLFHV
DQG$670&
UXEEHUVOHHYH
E +HDY\'XW\ 6KLHOGHG 6WDLQOHVV6WHHO &RXSOLQJV
  :LWK VWDLQOHVVVWHHO VKLHOG
VWDLQOHVVVWHHOEDQGVDQGWLJKWHQLQJGHYLFHVDQG$670&UXEEHUVOHHYH 3$57(;(&87,21
 3,3,1*$33/,&$7,216
$ 6SHFLDOSLSHILWWLQJVZLWKSUHVVXUHUDWLQJVDWOHDVWHTXDOWRSLSLQJSUHVVXUHUDWLQJVPD\EHXVHG LQDSSOLFDWLRQVEHORZXQOHVVRWKHUZLVHLQGLFDWHG
% $ERYHJURXQGVWRUPGUDLQDJHSLSLQJ136
'1
DQGVPDOOHUVKDOOEHDQ\RIWKHIROORZLQJ

 6HUYLFHFODVVFDVWLURQVRLOSLSHDQGILWWLQJV
JDVNHWV
DQGJDVNHWHGMRLQWV
 +XEOHVV FDVWLURQ VRLO SLSH DQG ILWWLQJV
 KHDY\GXW\ VKLHOGHG VWDLQOHVVVWHHO FRXSOLQJV

DQGFRXSOHGMRLQWV
 3,3,1*,167$//$7,21
$ 6WRUP VHZHU DQG GUDLQDJH SLSLQJ RXWVLGH WKH EXLOGLQJ DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ 6WRUP8WLOLW\'UDLQDJH3LSLQJ
% %DVLF SLSLQJ LQVWDOODWLRQ UHTXLUHPHQWV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ &RPPRQ :RUN 5HVXOWVIRU3OXPELQJ
& ,QVWDOOFOHDQRXWVDWJUDGHDQGH[WHQGWRZKHUHEXLOGLQJVWRUPGUDLQVFRQQHFWWREXLOGLQJVWRUP VHZHUV&OHDQRXWVDUHVSHFLILHGLQ'LYLVLRQ6HFWLRQ6WRUP'UDLQDJH3LSLQJ6SHFLDOWLHV ' ,QVWDOO FDVWLURQ VOHHYH ZLWK ZDWHU VWRS DQG PHFKDQLFDO VOHHYH VHDO DW HDFK VHUYLFH SLSH SHQHWUDWLRQ WKURXJK IRXQGDWLRQ ZDOO  6HOHFW QXPEHU RI LQWHUORFNLQJ UXEEHU OLQNV UHTXLUHG WR PDNHLQVWDOODWLRQZDWHUWLJKW6OHHYHVDQGPHFKDQLFDOVOHHYHVHDOVDUHVSHFLILHGLQ'LYLVLRQ 6HFWLRQ&RPPRQ:RUN5HVXOWVIRU3OXPELQJ
( ,QVWDOOZDOOSHQHWUDWLRQILWWLQJV\VWHPDWHDFKVHUYLFHSLSHSHQHWUDWLRQWKURXJKIRXQGDWLRQZDOO 0DNHLQVWDOODWLRQZDWHUWLJKW
) ,QVWDOO FDVWLURQ VRLO SLSLQJ DFFRUGLQJ WR &,63, V &DVW ,URQ 6RLO 3LSH DQG )LWWLQJV +DQGERRN
&KDSWHU,9,QVWDOODWLRQRI&DVW,URQ6RLO3LSHDQG)LWWLQJV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
* 0DNHFKDQJHVLQGLUHFWLRQIRUVWRUPSLSLQJXVLQJDSSURSULDWHEUDQFKHVEHQGVDQGORQJVZHHS EHQGV 'R QRW FKDQJH GLUHFWLRQ RIIORZPRUHWKDQ  GHJUHHV8VH SURSHU VL]H RI VWDQGDUG
LQFUHDVHUV DQG UHGXFHUV LI SLSHV RI GLIIHUHQW VL]HV DUH FRQQHFWHG 5HGXFLQJ VL]H RI GUDLQDJH SLSLQJLQGLUHFWLRQRIIORZLVSURKLELWHG
+ /D\EXULHGEXLOGLQJGUDLQSLSLQJEHJLQQLQJ DW ORZSRLQWRIHDFK V\VWHP,QVWDOOWUXHWRJUDGHV DQGDOLJQPHQWLQGLFDWHGZLWKXQEURNHQFRQWLQXLW\RILQYHUW3ODFHKXEHQGVRISLSLQJXSVWUHDP ,QVWDOO UHTXLUHG JDVNHWV DFFRUGLQJ WR PDQXIDFWXUHU V ZULWWHQ LQVWUXFWLRQVIRU XVH RI OXEULFDQWV
FHPHQWVDQGRWKHULQVWDOODWLRQUHTXLUHPHQWV0DLQWDLQVZDELQSLSLQJDQGSXOOSDVWHDFKMRLQW DVFRPSOHWHG
, ,QVWDOOVWRUPGUDLQDJHSLSLQJDWWKHIROORZLQJPLQLPXPVORSHVXQOHVVRWKHUZLVHLQGLFDWHG 
 %XLOGLQJ6WRUP'UDLQ
SHUFHQWGRZQZDUGLQGLUHFWLRQRIIORZIRUSLSLQJ136 '1

DQG VPDOOHU
 SHUFHQW GRZQZDUG LQ GLUHFWLRQ RI IORZ IRU SLSLQJ 136 '1
 DQG
ODUJHU
 +RUL]RQWDO6WRUP'UDLQDJH3LSLQJ
SHUFHQWGRZQZDUGLQGLUHFWLRQRIIORZ
- 6OHHYHV DUH QRW UHTXLUHG IRU FDVWLURQ VRLO SLSLQJ SDVVLQJ WKURXJK FRQFUHWH VODEVRQJUDGH LI VODELVZLWKRXWPHPEUDQHZDWHUSURRILQJ
. ,QVWDOO$%6VWRUPGUDLQDJHSLSLQJDFFRUGLQJWR$670' / ,QVWDOO39&VWRUPGUDLQDJHSLSLQJDFFRUGLQJWR$670' 0 ,QVWDOOXQGHUJURXQG$%6DQG39&VWRUPGUDLQDJHSLSLQJDFFRUGLQJWR$670' 1 'R QRW HQFORVH FRYHU RU SXW SLSLQJ LQWR RSHUDWLRQ XQWLO LW LV LQVSHFWHG DQG DSSURYHG E\ DXWKRULWLHVKDYLQJMXULVGLFWLRQ
 -2,17&216758&7,21
$ %DVLFSLSLQJMRLQWFRQVWUXFWLRQUHTXLUHPHQWVDUHVSHFLILHGLQ'LYLVLRQ6HFWLRQ&RPPRQ:RUN 5HVXOWVIRU3OXPELQJ
% +XEDQG6SLJRW &DVW,URQ 6RLO 3LSLQJ *DVNHWHG -RLQWV   -RLQ DFFRUGLQJ WR &,63,
V &DVW ,URQ
6RLO3LSHDQG)LWWLQJV+DQGERRNIRUFRPSUHVVLRQMRLQWV & +XEOHVV&DVW,URQ6RLO3LSLQJ&RXSOHG-RLQWV
-RLQDFFRUGLQJWR&,63,DQG&,63,
V&DVW
,URQ6RLO3LSHDQG)LWWLQJV+DQGERRNIRUKXEOHVVFRXSOLQJMRLQWV ' 6ROGHUHG-RLQWV
8VH$670%ZDWHUIOXVKDEOHOHDGIUHHIOX[
$670%OHDGIUHHDOOR\
VROGHU
DQG$670%SURFHGXUHXQOHVVRWKHUZLVHLQGLFDWHG ( 39&1RQSUHVVXUH3LSLQJ-RLQWV
-RLQSLSLQJDFFRUGLQJWR$670'
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 +$1*(5$1'6833257,167$//$7,21
$ 6HLVPLFUHVWUDLQW GHYLFHV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ 9LEUDWLRQ DQG6HLVPLF &RQWUROV IRU3OXPELQJ3LSLQJDQG(TXLSPHQW
% 3LSH KDQJHUV DQG VXSSRUWV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ +DQJHUV DQG 6XSSRUWV IRU 3OXPELQJ3LSLQJDQG(TXLSPHQW,QVWDOOWKHIROORZLQJ

 9HUWLFDO3LSLQJ
0667\SHRU7\SHFODPSV
 ,QGLYLGXDO6WUDLJKW+RUL]RQWDO3LSLQJ5XQV
$FFRUGLQJWRWKHIROORZLQJ

D )HHW
P
DQG/HVV
0667\SHDGMXVWDEOHVWHHOFOHYLVKDQJHUV
E /RQJHU7KDQ)HHW
P

0667\SHDGMXVWDEOHUROOHUKDQJHUV
F /RQJHU7KDQ)HHW
P
LI,QGLFDWHG
0667\SH
VSULQJFXVKLRQUROOV
 0XOWLSOH6WUDLJKW+RUL]RQWDO3LSLQJ5XQV)HHW P
RU/RQJHU
0667\SHSLSH
UROOV6XSSRUWSLSHUROOVRQWUDSH]H
 %DVHRI9HUWLFDO3LSLQJ
0667\SHVSULQJKDQJHUV
& ,QVWDOO VXSSRUWV DFFRUGLQJ WR 'LYLVLRQ 6HFWLRQ +DQJHUV DQG 6XSSRUWV IRU 3OXPELQJ 3LSLQJ DQG(TXLSPHQW
' 6XSSRUWYHUWLFDOSLSLQJDQGWXELQJDWEDVHDQGDWHDFKIORRU ( 5RGGLDPHWHUPD\EH UHGXFHGVL]HIRUGRXEOHURGKDQJHUVZLWKLQFK PP
PLQLPXP
URGV
) ,QVWDOO KDQJHUV IRU FDVWLURQ VRLO SLSLQJ ZLWK WKH IROORZLQJ PD[LPXP KRUL]RQWDO VSDFLQJ DQG PLQLPXPURGGLDPHWHUV

 136DQG136
'1DQG'1

LQFKHV
PP
ZLWKLQFK
PP

URG
 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136 DQG136
'1DQG'1

 LQFKHV
PP
ZLWK LQFK
PP

URG
 136
'1

LQFKHV
PP
ZLWKLQFK

PP
URG
 6SDFLQJIRUIRRW
P
OHQJWKVPD\EHLQFUHDVHGWRIHHW
P
6SDFLQJIRUILWWLQJV
LVOLPLWHGWRLQFKHV
PP

* ,QVWDOOVXSSRUWVIRUYHUWLFDOFDVWLURQVRLOSLSLQJHYHU\IHHW P

+ ,QVWDOOKDQJHUVIRUVWHHOSLSLQJZLWKWKHIROORZLQJPD[LPXPKRUL]RQWDOVSDFLQJDQGPLQLPXPURG

GLDPHWHUV

 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK
PP
URG
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 136DQG136
'1DQG'1

IHHW
P
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK

PP
URG
, ,QVWDOOVXSSRUWVIRUYHUWLFDOVWHHOSLSLQJHYHU\IHHW P

- ,QVWDOOKDQJHUVIRUFRSSHUWXELQJZLWKWKHIROORZLQJPD[LPXPKRUL]RQWDOVSDFLQJDQGPLQLPXP URGGLDPHWHUV

 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136DQG136
'1DQG'1


LQFKHV
PP
ZLWKLQFK
PP

URG
 136
'1

LQFKHV
PP
ZLWKLQFK
PP
URG
 136WR136
'1WR'1

IHHW
P
ZLWKLQFK
PP
URG
 136
'1

IHHW
P
ZLWKLQFK
PP
URG
. 6XSSRUWSLSLQJDQGWXELQJQRWOLVWHGDERYHDFFRUGLQJWR06663 DQGPDQXIDFWXUHU
VZULWWHQ
LQVWUXFWLRQV
 &211(&7,216
$ &RQQHFWLQWHULRUVWRUPGUDLQDJHSLSLQJWRH[WHULRUVWRUPGUDLQDJHSLSLQJ8VHWUDQVLWLRQILWWLQJWR MRLQGLVVLPLODUSLSLQJPDWHULDOV
% &RQQHFWVWRUPGUDLQDJHSLSLQJWRURRIGUDLQVDQGVWRUPGUDLQDJHVSHFLDOWLHV  ),(/'48$/,7<&21752/
$ 'XULQJLQVWDOODWLRQQRWLI\DXWKRULWLHVKDYLQJMXULVGLFWLRQDWOHDVWKRXUVEHIRUHLQVSHFWLRQPXVW EHPDGH3HUIRUPWHVWVVSHFLILHGEHORZLQSUHVHQFHRIDXWKRULWLHVKDYLQJMXULVGLFWLRQ  5RXJKLQJLQ,QVSHFWLRQ
$UUDQJHIRULQVSHFWLRQRISLSLQJEHIRUHFRQFHDOLQJRUFORVLQJLQ DIWHUURXJKLQJLQ
 )LQDO,QVSHFWLRQ
$UUDQJHIRUILQDOLQVSHFWLRQE\DXWKRULWLHVKDYLQJMXULVGLFWLRQWRREVHUYH WHVWVVSHFLILHGEHORZDQGWRHQVXUHFRPSOLDQFHZLWKUHTXLUHPHQWV % 5HLQVSHFWLRQ
,IDXWKRULWLHVKDYLQJMXULVGLFWLRQILQGWKDWSLSLQJZLOOQRW SDVVWHVWRU LQVSHFWLRQ PDNHUHTXLUHGFRUUHFWLRQVDQGDUUDQJHIRUUHLQVSHFWLRQ & 5HSRUWV
3UHSDUHLQVSHFWLRQUHSRUWVDQGKDYHWKHPVLJQHGE\DXWKRULWLHVKDYLQJMXULVGLFWLRQ ' 7HVWVWRUPGUDLQDJHSLSLQJDFFRUGLQJWRSURFHGXUHVRIDXWKRULWLHVKDYLQJMXULVGLFWLRQ  &/($1,1*
$ &OHDQLQWHULRURISLSLQJ5HPRYHGLUWDQGGHEULVDVZRUNSURJUHVVHV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
% 3URWHFWGUDLQVGXULQJUHPDLQGHURIFRQVWUXFWLRQSHULRGWRDYRLGFORJJLQJZLWKGLUWDQGGHEULVDQG WRSUHYHQWGDPDJHIURPWUDIILFDQGFRQVWUXFWLRQZRUN
& 3ODFHSOXJVLQHQGVRIXQFRPSOHWHGSLSLQJDWHQGRIGD\DQGZKHQZRUNVWRSV (1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

6(&7,21
(/(&75,&'20(67,&:$7(5+($7(56
3$57*(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJ

 /LJKWFRPPHUFLDOHOHFWULFZDWHUKHDWHUV
 &RPPHUFLDOHOHFWULFERRVWHUKHDWHUV
 &RPPHUFLDOVWRUDJHHOHFWULFZDWHUKHDWHUV
 :DWHUKHDWHUDFFHVVRULHV
 68%0,77$/6
$ 3URGXFW 'DWD
  )RU HDFK W\SH DQG VL]H RI ZDWHU KHDWHU LQGLFDWHG  ,QFOXGH UDWHG FDSDFLWLHV RSHUDWLQJFKDUDFWHULVWLFVIXUQLVKHGVSHFLDOWLHVDQGDFFHVVRULHV % 6KRS'UDZLQJV
'LDJUDPSRZHUVLJQDODQGFRQWUROZLULQJ
& 2SHUDWLRQDQGPDLQWHQDQFHGDWD
' :DUUDQW\
 48$/,7<$6685$1&(
$ (OHFWULFDO&RPSRQHQWV'HYLFHVDQG$FFHVVRULHV
/LVWHGDQGODEHOHGDVGHILQHGLQ1)3$
$UWLFOH E\ DWHVWLQJ DJHQF\ DFFHSWDEOHWR DXWKRULWLHV KDYLQJMXULVGLFWLRQ DQG PDUNHG IRU LQWHQGHGXVH
% $60( &RPSOLDQFH
  :KHUH $60(FRGH FRQVWUXFWLRQ LV LQGLFDWHG IDEULFDWH DQG ODEHO FRPPHUFLDOZDWHUKHDWHUVWRUDJHWDQNVWRFRPSO\ZLWK$60(%RLOHUDQG3UHVVXUH9HVVHO&RGH 
6HFWLRQ9,,,'LYLVLRQ
& &RPSO\ ZLWK 16) 'ULQNLQJ :DWHU 6\VWHP &RPSRQHQWV  +HDOWK (IIHFWV  6HFWLRQV
WKURXJK
IRUDOOFRPSRQHQWVWKDWZLOOEHLQFRQWDFWZLWKSRWDEOHZDWHU -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 :$55$17<
$ 6SHFLDO :DUUDQW\
  0DQXIDFWXUHU
V VWDQGDUG IRUP LQ ZKLFK PDQXIDFWXUHU DJUHHV WR UHSDLU RU UHSODFH FRPSRQHQWV RI HOHFWULF ZDWHU KHDWHUV WKDW IDLO LQ PDWHULDOV RU ZRUNPDQVKLS ZLWKLQ VSHFLILHGZDUUDQW\SHULRG
 )DLOXUHVLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 6WUXFWXUDOIDLOXUHVLQFOXGLQJVWRUDJHWDQNDQGVXSSRUWV E )DXOW\RSHUDWLRQRIFRQWUROV
F 'HWHULRUDWLRQRIPHWDOVPHWDOILQLVKHVDQGRWKHUPDWHULDOVEH\RQGQRUPDOXVH  :DUUDQW\3HULRG
V

)URPGDWHRI6XEVWDQWLDO&RPSOHWLRQ

D &RPPHUFLDO(OHFWULF:DWHU+HDWHUV
7HQ\HDUV
3$57352'8&76
 0$18)$&785(56
$ ,Q RWKHU3DUWDUWLFOHVZKHUHWLWOHV EHORZLQWURGXFHOLVWVWKH IROORZLQJ UHTXLUHPHQWVDSSO\WR SURGXFWVHOHFWLRQ

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR PDQXIDFWXUHUVVSHFLILHG
 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH PDQXIDFWXUHUVVSHFLILHG
 /,*+7&200(5&,$/(/(&75,&:$7(5+($7(56
$ 'HVFULSWLRQ
&RPSO\ZLWK8/IRUKRXVHKROGVWRUDJHHOHFWULFZDWHUKHDWHUV  0DQXIDFWXUHUV

D $PHULFDQ:DWHU+HDWHU&RPSDQ\
E %UDGIRUG:KLWH&RUSRUDWLRQ
F (OHFWULF+HDWHU&RPSDQ\
7KH

+XEEHOO+HDWHUV'LYLVLRQ
G *6::DWHU+HDWLQJ&RPSDQ\
H +HDW7UDQVIHU3URGXFWV,QF
I /RFKLQYDU&RUSRUDWLRQ
J 5KHHP:DWHU+HDWHU'LY
5KHHP0DQXIDFWXULQJ&RPSDQ\
K 5XXG:DWHU+HDWHU'LY
5KHHP0DQXIDFWXULQJ&RPSDQ\
L 6PLWK$2:DWHU3URGXFWV&RPSDQ\
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

M 6WDWH,QGXVWULHV,QF
N 6DQFR
6DQGHQ

 6WRUDJH7DQN&RQVWUXFWLRQ
6WHHOYHUWLFDODUUDQJHPHQW
D 7DSSLQJV
$60(%SLSHWKUHDG
E 3UHVVXUH5DWLQJ
SVLJ
N3D

F ,QWHULRU )LQLVK
  &RPSO\ ZLWK 16) EDUULHU PDWHULDOV IRU SRWDEOHZDWHU WDQN OLQLQJVLQFOXGLQJH[WHQGLQJOLQLQJPDWHULDOLQWRWDSSLQJV  )DFWRU\,QVWDOOHG6WRUDJH7DQN$SSXUWHQDQFHV

D $QRGH5RG
5HSODFHDEOHPDJQHVLXP
E 'LS7XEH
3URYLGHXQOHVVFROGZDWHULQOHWLVQHDUERWWRPRIWDQN F 'UDLQ9DOYH
$66(
G ,QVXODWLRQ
&RPSO\ZLWK$6+5$(,(61$
RU$6+5$(

H -DFNHW
6WHHOZLWKHQDPHOHGILQLVK
I +HDW 7UDS )LWWLQJV
  ,QOHW W\SH LQ FROGZDWHU LQOHW DQG RXWOHW W\SH LQ KRWZDWHU RXWOHW
J +HDWLQJ (OHPHQWV
  7ZR
 HOHFWULF VFUHZLQ LPPHUVLRQ W\SH
 ZLUHG IRU
VLPXOWDQHRXVRSHUDWLRQXQOHVVRWKHUZLVHLQGLFDWHG
K 7HPSHUDWXUH&RQWURO
$GMXVWDEOHWKHUPRVWDWIRUHDFKHOHPHQW
L 6DIHW\&RQWURO
+LJKWHPSHUDWXUHOLPLWFXWRIIGHYLFHRUV\VWHP
M 5HOLHI9DOYH
$60(UDWHGDQGVWDPSHGDQGFRPSO\LQJZLWK$60(37&IRU FRPELQDWLRQWHPSHUDWXUHDQGSUHVVXUHUHOLHIYDOYHV,QFOXGHUHOLHYLQJFDSDFLW\DW OHDVW DV JUHDW DV KHDW LQSXW DQG LQFOXGH SUHVVXUH VHWWLQJ OHVV WKDQ ZDWHU KHDWHU ZRUNLQJSUHVVXUHUDWLQJ6HOHFWUHOLHIYDOYHZLWKVHQVLQJHOHPHQWWKDWH[WHQGVLQWR VWRUDJHWDQN
 6SHFLDO5HTXLUHPHQWV
16)FRQVWUXFWLRQZLWKOHJVIRURIIIORRULQVWDOODWLRQ  &200(5&,$/(/(&75,&:$7(5+($7(56
$ &RPPHUFLDO (OHFWULF %RRVWHU +HDWHUV
  &RPSO\ ZLWK 8/ UHTXLUHPHQWV IRU ERRVWHUW\SH ZDWHUKHDWHUV
 0DQXIDFWXUHUV

D %UDGIRUG:KLWH&RUSRUDWLRQ
E &RDWHV+HDWHU&R
F (OHFWULF+HDWHU&RPSDQ\
7KH

+XEEHOO+HDWHUV'LYLVLRQ
G +DWFR&RUSRUDWLRQ
H /RFKLQYDU&RUSRUDWLRQ
I 5KHHP:DWHU+HDWHU'LY
5KHHP0DQXIDFWXULQJ&RPSDQ\
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

J 5XXG:DWHU+HDWHU'LY
5KHHP0DQXIDFWXULQJ&RPSDQ\
K 6PLWK$2:DWHU3URGXFWV&RPSDQ\
L 6DQFR
6DQGHQ

 6WRUDJH7DQN &RQVWUXFWLRQ
  >&RUURVLRQUHVLVWDQW PHWDO@ >&RUURVLRQUHVLVWDQW PHWDO RU VWHHO@>6WHHO@
D 7DSSLQJV
$60(%SLSHWKUHDG
E 3UHVVXUH5DWLQJ
SVLJ
F ,QWHULRU )LQLVK
  &RPSO\ ZLWK 16) EDUULHU PDWHULDOV IRU SRWDEOHZDWHU WDQN OLQLQJVLQFOXGLQJH[WHQGLQJOLQLQJPDWHULDOLQWRWDSSLQJV  )DFWRU\,QVWDOOHG6WRUDJH7DQN$SSXUWHQDQFHV

D $QRGH5RG
5HSODFHDEOHPDJQHVLXP
E 'UDLQ9DOYH
&RUURVLRQUHVLVWDQWPHWDOFRPSO\LQJZLWK$66(
F ,QVXODWLRQ
&RPSO\ZLWK$6+5$(,(61$

G -DFNHW
  5HFWDQJXODU VKDSHG ZLWK VWDLQOHVVVWHHO IURQW SDQHO XQOHVV RWKHUZLVH LQGLFDWHG
H +HDWLQJ (OHPHQWV
  (OHFWULF VFUHZLQ RU EROWRQ LPPHUVLRQ W\SH DUUDQJHG LQ PXOWLSOHVRIWKUHH

2SWLRQ
%RRVWHUKHDWHUVZLWK
N:RUOHVVWRWDOPD\KDYHRUHOHPHQWV

6WDJLQJ
,QSXWQRWH[FHHGLQJN:SHUVWHS
I 7HPSHUDWXUH&RQWURO
$GMXVWDEOHWKHUPRVWDWWRVHWWLQJRIDWOHDVWGHJ) J 6DIHW\&RQWUROV
+LJKWHPSHUDWXUHOLPLWDQGORZZDWHUFXWRIIGHYLFHVRUV\VWHPV K 5HOLHI 9DOYH
  $60( UDWHG DQG VWDPSHG DQG FRPSO\LQJ ZLWK $60(37& FRPELQDWLRQWHPSHUDWXUH DQG SUHVVXUH UHOLHI YDOYH ,QFOXGH UHOLHYLQJ FDSDFLW\ DW OHDVW DV JUHDW DV KHDW LQSXW DQG LQFOXGH SUHVVXUH VHWWLQJ OHVV WKDQ ZDWHU KHDWHU ZRUNLQJSUHVVXUHUDWLQJ6HOHFWUHOLHIYDOYHZLWKVHQVLQJHOHPHQWWKDWH[WHQGVLQWR VWRUDJHWDQN
L *DJHV
&RPELQDWLRQWHPSHUDWXUHDQGSUHVVXUHW\SHRU VHSDUDWHWKHUPRPHWHUDQG SUHVVXUHJDJH
% &RPPHUFLDO6WRUDJH(OHFWULF:DWHU+HDWHUV
&RPSO\ZLWK8/UHTXLUHPHQWVIRUVWRUDJH
WDQNW\SHZDWHUKHDWHUV
 0DQXIDFWXUHUV

D $PHULFDQ:DWHU+HDWHU&RPSDQ\
E %RFN:DWHU+HDWHUV,QF
F %UDGIRUG:KLWH&RUSRUDWLRQ
G &HPOLQH&RUSRUDWLRQ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

H (OHFWULF+HDWHU&RPSDQ\
7KH

+XEEHOO+HDWHUV'LYLVLRQ
I *6::DWHU+HDWLQJ&RPSDQ\
J +(6FR,QGXVWULHV,QF
K /RFKLQYDU&RUSRUDWLRQ
L 3UHFLVLRQ%RLOHUV
M 39,,QGXVWULHV//&
N 5(&286$
O 5KHHP:DWHU+HDWHU'LY
5KHHP0DQXIDFWXULQJ&RPSDQ\
P 5XXG:DWHU+HDWHU'LY
5KHHP0DQXIDFWXULQJ&RPSDQ\
Q 6PLWK$2:DWHU3URGXFWV&RPSDQ\
R 6WDWH,QGXVWULHV,QF
S 9DXJKQ0DQXIDFWXULQJ&RUSRUDWLRQ
 6WRUDJH7DQN&RQVWUXFWLRQ
$60(FRGHVWHHOYHUWLFDODUUDQJHPHQW
D 7DSSLQJV
  )DFWRU\ IDEULFDWHG RI PDWHULDOV FRPSDWLEOH ZLWK WDQN DQG SLSLQJ FRQQHFWLRQV$WWDFKWDSSLQJVWRWDQNEHIRUHWHVWLQJ

136DQG6PDOOHU
7KUHDGHGHQGVDFFRUGLQJWR$60(%

136 DQG /DUJHU
  )ODQJHG HQGV DFFRUGLQJ WR $60(% IRU VWHHO DQG VWDLQOHVVVWHHO IODQJHVDQGDFFRUGLQJWR$60(% IRUFRSSHUDQG FRSSHUDOOR\IODQJHV
E 3UHVVXUH5DWLQJ
SVLJ
F ,QWHULRU )LQLVK
  &RPSO\ ZLWK 16) EDUULHU PDWHULDOV IRU SRWDEOHZDWHU WDQN OLQLQJVLQFOXGLQJH[WHQGLQJOLQLQJPDWHULDOLQWRWDSSLQJV  )DFWRU\,QVWDOOHG6WRUDJH7DQN$SSXUWHQDQFHV

D $QRGH5RG
5HSODFHDEOHPDJQHVLXP
E 'UDLQ9DOYH
&RUURVLRQUHVLVWDQWPHWDOFRPSO\LQJZLWK$66(
F ,QVXODWLRQ
&RPSO\ZLWK$6+5$(,(61$

G -DFNHW
6WHHOZLWKHQDPHOHGILQLVK
H +HDWLQJ (OHPHQWV
  (OHFWULF VFUHZLQ RU EROWRQ LPPHUVLRQ W\SH DUUDQJHG LQ PXOWLSOHVRIWKUHH

6WDJLQJ
,QSXWQRWH[FHHGLQJN:SHUVWHS
I 7HPSHUDWXUH&RQWURO
$GMXVWDEOHWKHUPRVWDW
J 6DIHW\&RQWUROV
+LJKWHPSHUDWXUHOLPLWDQGORZZDWHUFXWRIIGHYLFHVRUV\VWHPV K 5HOLHI9DOYHV
$60( UDWHG DQG VWDPSHGDQG FRPSO\LQJZLWK$60(37& IRUFRPELQDWLRQWHPSHUDWXUHDQGSUHVVXUHUHOLHIYDOYHV,QFOXGHRQHRUPRUHUHOLHI YDOYHV ZLWK WRWDO UHOLHYLQJ FDSDFLW\ DW OHDVW DV JUHDW DV KHDW LQSXW DQG LQFOXGH SUHVVXUH VHWWLQJOHVVWKDQZDWHU KHDWHUZRUNLQJSUHVVXUH UDWLQJ6HOHFWRQH UHOLHI YDOYHZLWKVHQVLQJHOHPHQWWKDWH[WHQGVLQWRVWRUDJHWDQN -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 6SHFLDO5HTXLUHPHQWV
16)FRQVWUXFWLRQ
 (QHUJ\0DQDJHPHQW 6\VWHP ,QWHUIDFH
1RUPDOO\ FORVHG GU\ FRQWDFWV IRU HQDEOLQJ DQG
GLVDEOLQJZDWHUKHDWHU
 :$7(5+($7(5$&&(6625,(6
$ :DWHU +HDWHU 6WDQGV
  :DWHU KHDWHU PDQXIDFWXUHU
V IDFWRU\IDEULFDWHG VWHHO VWDQG IRU IORRU
PRXQWLQJ DQG FDSDEOH RI VXSSRUWLQJ ZDWHU KHDWHU DQG ZDWHU  ,QFOXGH GLPHQVLRQ WKDW ZLOO VXSSRUWERWWRPRIZDWHUKHDWHUDPLQLPXPRILQFKHVDERYHWKHIORRU % :DWHU+HDWHU0RXQWLQJ%UDFNHWV
:DWHUKHDWHUPDQXIDFWXUHU
VIDFWRU\IDEULFDWHGVWHHOEUDFNHW
IRUZDOOPRXQWLQJDQGFDSDEOHRIVXSSRUWLQJZDWHUKHDWHUDQGZDWHU & 'UDLQ3DQV
&RUURVLRQUHVLVWDQWPHWDOZLWKUDLVHGHGJH,QFOXGHGLPHQVLRQVQRWOHVVWKDQEDVH RIZDWHUKHDWHUDQGLQFOXGHGUDLQRXWOHWQRWOHVVWKDQ136 ' 3LSLQJ7\SH +HDW 7UDSV
  )LHOGIDEULFDWHG SLSLQJ DUUDQJHPHQW DFFRUGLQJ WR $6+5$(,(61$
RU$6+5$(

( :DWHU5HJXODWRUV
$66(ZDWHUSUHVVXUHUHGXFLQJYDOYH6HWDWSVLJPD[LPXPRXWOHW SUHVVXUHXQOHVVRWKHUZLVHLQGLFDWHG
) 6KRFN$EVRUEHUV
$66(RU3',:+6L]H$ZDWHUKDPPHUDUUHVWHU 3$57(;(&87,21
 :$7(5+($7(5,167$//$7,21
$ ,QVWDOOFRPPHUFLDOZDWHUKHDWHUVRQFRQFUHWHEDVHV  ([FHSWLRQ
  2PLW FRQFUHWH EDVHV IRU FRPPHUFLDO ZDWHU KHDWHUVLILQVWDOODWLRQ RQ VWDQG EUDFNHWVXVSHQGHGSODWIRUPRUGLUHFWRQIORRULVLQGLFDWHG  &RQFUHWHEDVHFRQVWUXFWLRQ UHTXLUHPHQWVDUHVSHFLILHGLQ'LYLVLRQ6HFWLRQ&RPPRQ :RUN5HVXOWVIRU3OXPELQJ
% ,QVWDOO ZDWHU KHDWHUV OHYHO DQG SOXPE DFFRUGLQJ WR OD\RXW GUDZLQJV RULJLQDO GHVLJQ DQG UHIHUHQFHG VWDQGDUGV  0DLQWDLQ PDQXIDFWXUHU
V UHFRPPHQGHG FOHDUDQFHV  $UUDQJH XQLWV VR
FRQWUROVDQGGHYLFHVQHHGLQJVHUYLFHDUHDFFHVVLEOH
& ,QVWDOOFRPELQDWLRQWHPSHUDWXUHDQGSUHVVXUHUHOLHIYDOYHVLQWRSSRUWLRQRIVWRUDJHWDQNV8VH UHOLHI YDOYHVZLWK VHQVLQJHOHPHQWVWKDW H[WHQGLQWRWDQNV([WHQG FRPPHUFLDOZDWHUKHDWHU UHOLHIYDOYH RXWOHWZLWK GUDLQ SLSLQJ VDPH DV GRPHVWLFZDWHU SLSLQJLQFRQWLQXRXV GRZQZDUG SLWFKDQGGLVFKDUJHE\SRVLWLYHDLUJDSRQWRFORVHVWIORRUGUDLQ -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

' ,QVWDOOZDWHUKHDWHUGUDLQSLSLQJDVLQGLUHFWZDVWHWRVSLOOE\SRVLWLYHDLUJDSLQWRRSHQGUDLQVRU RYHUIORRUGUDLQV,QVWDOOKRVHHQGGUDLQYDOYHVDWORZSRLQWVLQZDWHUSLSLQJIRUZDWHUKHDWHUV WKDWGRQRWKDYHWDQNGUDLQV5HIHUWR'LYLVLRQ6HFWLRQ'RPHVWLF:DWHU3LSLQJ6SHFLDOWLHV IRUKRVHHQGGUDLQYDOYHV
( ,QVWDOOWKHUPRPHWHURQRXWOHWSLSLQJRIZDWHUKHDWHUV5HIHUWR'LYLVLRQ6HFWLRQ0HWHUVDQG *DJHVIRU3OXPELQJ3LSLQJIRUWKHUPRPHWHUV
) ,QVWDOOZDWHUUHJXODWRUZLWKLQWHJUDOE\SDVVUHOLHIYDOYHLQERRVWHUKHDWHULQOHWSLSLQJDQGZDWHU KDPPHUDUUHVWHULQERRVWHUKHDWHURXWOHWSLSLQJ
* ,QVWDOO SLSLQJW\SH KHDWWUDSV RQLQOHW DQG RXWOHW SLSLQJ RI ZDWHU KHDWHU VWRUDJHWDQNV ZLWKRXW LQWHJUDORUILWWLQJW\SHKHDWWUDSV
+ )LOOZDWHUKHDWHUVZLWKZDWHU
 &211(&7,216
$ ,QVWDOOSLSLQJDGMDFHQWWRZDWHUKHDWHUVWRDOORZVHUYLFHDQGPDLQWHQDQFH$UUDQJHSLSLQJ IRU HDV\UHPRYDORIZDWHUKHDWHUV
% *URXQG HTXLSPHQW DFFRUGLQJ WR 'LYLVLRQ 6HFWLRQ *URXQGLQJ DQG %RQGLQJ IRU (OHFWULFDO 6\VWHPV
& &RQQHFW ZLULQJ DFFRUGLQJWR 'LYLVLRQ 6HFWLRQ /RZ9ROWDJH (OHFWULFDO 3RZHU &RQGXFWRUV DQG&DEOHV
 ),(/'48$/,7<&21752/
$ (QJDJHD IDFWRU\DXWKRUL]HG VHUYLFH UHSUHVHQWDWLYHWRLQVSHFW ILHOGDVVHPEOHGFRPSRQHQWVDQG HTXLSPHQWLQVWDOODWLRQLQFOXGLQJFRQQHFWLRQV
% 3HUIRUPWKHIROORZLQJILHOGWHVWVDQGLQVSHFWLRQV

 /HDN7HVW
$IWHULQVWDOODWLRQWHVWIRUOHDNV5HSDLUOHDNVDQGUHWHVWXQWLOQROHDNVH[LVW  2SHUDWLRQDO7HVW
$IWHUHOHFWULFDOFLUFXLWU\KDVEHHQHQHUJL]HGFRQILUPSURSHURSHUDWLRQ  7HVWDQGDGMXVWFRQWUROVDQGVDIHWLHV5HSODFHGDPDJHGDQGPDOIXQFWLRQLQJFRQWUROVDQG HTXLSPHQW
& 5HPRYHDQGUHSODFHZDWHUKHDWHUVWKDWGRQRWSDVVWHVWVDQGLQVSHFWLRQVDQGUHWHVWDVVSHFLILHG DERYH
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 '(021675$7,21
$ (QJDJH D IDFWRU\DXWKRUL]HG VHUYLFH UHSUHVHQWDWLYHWRWUDLQ2ZQHU VPDLQWHQDQFH SHUVRQQHOWR
DGMXVWRSHUDWHDQGPDLQWDLQFRPPHUFLDOHOHFWULFZDWHUKHDWHUV5HIHUWR'LYLVLRQ6HFWLRQ 'HPRQVWUDWLRQDQG7UDLQLQJ
(1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJH
RI

7KLV3DJH%ODQN
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

6(&7,21
3/80%,1*),;785(6
3$57*(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJ

 )DXFHWVIRUODYDWRULHVEDWKWXEVEDWKWXEVKRZHUVVKRZHUVDQGVLQNV  )OXVKRPHWHUV
 7RLOHWVHDWV
 3URWHFWLYHVKLHOGLQJJXDUGV
 )L[WXUHVXSSRUWV
 'LVKZDVKHUDLUJDSILWWLQJV
 'LVSRVHUV
 +RWZDWHUGLVSHQVHUV

 :DWHUFORVHWV
 8ULQDOV
 /DYDWRULHV
 %DWKWXEV
 ,QGLYLGXDOVKRZHUV
 .LWFKHQVLQNV
 6HUYLFHVLQNV
 /DXQGU\WUD\V
 '(),1,7,216
$ $%6
$FU\ORQLWULOHEXWDGLHQHVW\UHQHSODVWLF
% $FFHVVLEOH)L[WXUH
3OXPELQJIL[WXUHWKDWFDQEHDSSURDFKHGHQWHUHGDQGXVHGE\SHRSOHZLWK GLVDELOLWLHV
& )53
)LEHUJODVVUHLQIRUFHGSODVWLF
' 300$
3RO\PHWK\OPHWKDFU\ODWH
DFU\OLF
SODVWLF
( 39&
3RO\YLQ\OFKORULGHSODVWLF
) 6ROLG 6XUIDFH
  1RQSRURXV KRPRJHQHRXV FDVWSRO\PHUSODVWLF PDWHULDO ZLWK KHDW LPSDFW VFUDWFKDQGVWDLQUHVLVWDQFHTXDOLWLHV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 68%0,77$/6
$ 3URGXFW'DWD
)RUHDFKW\SHRISURGXFWLQGLFDWHG
% 6KRS'UDZLQJV
'LDJUDPSRZHUVLJQDODQGFRQWUROZLULQJ
& 2SHUDWLRQDQGPDLQWHQDQFHGDWD
 48$/,7<$6685$1&(
$ (OHFWULFDO&RPSRQHQWV'HYLFHVDQG$FFHVVRULHV
/LVWHGDQGODEHOHGDVGHILQHGLQ1)3$
$UWLFOH E\ D WHVWLQJ DJHQF\ DFFHSWDEOH WR DXWKRULWLHV KDYLQJ MXULVGLFWLRQ DQG PDUNHG IRU LQWHQGHGXVH
% 5HJXODWRU\ 5HTXLUHPHQWV
 &RPSO\ ZLWK UHTXLUHPHQWV LQ,&&$ $FFHVVLEOH DQG 8VDEOH %XLOGLQJV DQG )DFLOLWLHV
3XEOLF /DZ
 $UFKLWHFWXUDO %DUULHUV$FW
 DQG 3XEOLF /DZ
$PHULFDQVZLWK'LVDELOLWLHV$FWIRUSOXPELQJIL[WXUHVIRUSHRSOHZLWKGLVDELOLWLHV & 5HJXODWRU\ 5HTXLUHPHQWV
  &RPSO\ ZLWK UHTXLUHPHQWV LQ 3XEOLF /DZ (QHUJ\ 3ROLF\ $FWDERXWZDWHUIORZDQGFRQVXPSWLRQUDWHVIRUSOXPELQJIL[WXUHV ' 16)6WDQGDUG
&RPSO\ZLWK16)'ULQNLQJ:DWHU6\VWHP&RPSRQHQWV+HDOWK(IIHFWVIRU IL[WXUHPDWHULDOVWKDWZLOOEHLQFRQWDFWZLWKSRWDEOHZDWHU ( 6HOHFW FRPELQDWLRQV RI IL[WXUHV DQG WULP IDXFHWV ILWWLQJV DQG RWKHU FRPSRQHQWV WKDW DUH FRPSDWLEOH
) &RPSO\ZLWKWKHIROORZLQJ DSSOLFDEOH VWDQGDUGVDQGRWKHU UHTXLUHPHQWV VSHFLILHGIRUSOXPELQJ IL[WXUHV

 (QDPHOHG&DVW,URQ)L[WXUHV
$60($
0
 3ODVWLF/DXQGU\7UD\V
$16,=
 3ODVWLF6KRZHU(QFORVXUHV
$16,=
 3ODVWLF6LQNV
$16,=
 3RUFHODLQ(QDPHOHG)RUPHG6WHHO)L[WXUHV
$60($
0
 6OLS5HVLVWDQW%DWKLQJ6XUIDFHV
$670)
 6ROLG6XUIDFH0DWHULDO/DYDWRULHVDQG6LQNV
$16,,&3$66
 6WDLQOHVV6WHHO5HVLGHQWLDO6LQNV
$60($


 9LWUHRXV&KLQD)L[WXUHV
$60($
0
 :DWHU&ORVHW)OXVK9DOYH7DQN7ULP
$60($

 :DWHU&ORVHW)OXVKRPHWHU7DQN7ULP
$66(
* &RPSO\ ZLWK WKH IROORZLQJ DSSOLFDEOH VWDQGDUGV DQG RWKHU UHTXLUHPHQWV VSHFLILHG IRU ODYDWRU\ DQGVLQNIDXFHWV

 %DFNIORZ3URWHFWLRQ'HYLFHVIRU)DXFHWVZLWK6LGH6SUD\ $60($0
 %DFNIORZ3URWHFWLRQ'HYLFHVIRU)DXFHWVZLWK+RVH7KUHDG2XWOHW $60($0
 'LYHUWHU9DOYHVIRU)DXFHWVZLWK+RVH6SUD\
$66(
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 )DXFHWV
$60($
 +RVH&RQQHFWLRQ9DFXXP%UHDNHUV
$66(
 +RVH&RXSOLQJ7KUHDGV
$60(%
 ,QWHJUDO$WPRVSKHULF9DFXXP%UHDNHUV
$66(
 16)3RWDEOH:DWHU0DWHULDOV
16)

 3LSH7KUHDGV
$60(%
 6HQVRU$FWXDWHG)DXFHWVDQG(OHFWULFDO'HYLFHV
8/

 6XSSO\)LWWLQJV
$60($
 %UDVV:DVWH)LWWLQJV
$60($
+ &RPSO\ ZLWK WKH IROORZLQJ DSSOLFDEOH VWDQGDUGV DQG RWKHU UHTXLUHPHQWV VSHFLILHG IRU EDWKWXE EDWKWXEVKRZHUDQGVKRZHUIDXFHWV

 %DFNIORZ3URWHFWLRQ'HYLFHVIRU+DQG+HOG6KRZHUV
$60($0
 &RPELQDWLRQ 3UHVVXUH(TXDOL]LQJ DQG 7KHUPRVWDWLF&RQWURO $QWLVFDOG )DXFHWV 
$66(
 )DXFHWV
$60($
 +DQG+HOG6KRZHUV
$66(
 +LJK7HPSHUDWXUH/LPLW&RQWUROVIRU7KHUPDO6KRFN3UHYHQWLQJ'HYLFHV $670)
 +RVH&RXSOLQJ7KUHDGV
$60(%
 0DQXDO&RQWURO$QWLVFDOG)DXFHWV
$670)
 3LSH7KUHDGV
$60(%

 3UHVVXUH(TXDOL]LQJ&RQWURO$QWLVFDOG)DXFHWV
$670)DQG$66(
 6HQVRU$FWXDWHG)DXFHWVDQG(OHFWULFDO'HYLFHV
8/

 7KHUPRVWDWLF&RQWURO$QWLVFDOG)DXFHWV
$670)DQG$66(
, &RPSO\ ZLWK WKH IROORZLQJ DSSOLFDEOH VWDQGDUGV DQG RWKHU UHTXLUHPHQWV VSHFLILHG IRU PLVFHOODQHRXVILWWLQJV

 $WPRVSKHULF9DFXXP%UHDNHUV
$66(
 %UDVVDQG&RSSHU6XSSOLHV
$60($
 'LVKZDVKHU$LU*DS)LWWLQJV
$66(
 0DQXDO2SHUDWLRQ)OXVKRPHWHUV
$66(
 3ODVWLF7XEXODU)LWWLQJV
$670)

 %UDVV:DVWH)LWWLQJV
$60($
 6HQVRU2SHUDWLRQ)OXVKRPHWHUV
$66(DQG8/

- &RPSO\ ZLWK WKH IROORZLQJ DSSOLFDEOH VWDQGDUGV DQG RWKHU UHTXLUHPHQWV VSHFLILHG IRU PLVFHOODQHRXVFRPSRQHQWV

 'LVSRVHUV
$66(DQG8/
 'LVKZDVKHU$LU*DS)LWWLQJV
$66(
 )OH[LEOH:DWHU&RQQHFWRUV
$60($
 *UDE%DUV
$670)
 +RVH&RXSOLQJ7KUHDGV
$60(%
 +RW:DWHU'LVSHQVHUV
$66(DQG8/


 2II)ORRU)L[WXUH6XSSRUWV
$60($0
 3LSH7KUHDGV
$60(%

 3ODVWLF7RLOHW6HDWV
$16,=
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 6XSSO\DQG'UDLQ3URWHFWLYH6KLHOGLQJ*XDUGV
,&&$
3$57352'8&76
 /$9$725<)$8&(76
$ /DYDWRU\)DXFHWV
 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $PHULFDQ6WDQGDUG&RPSDQLHV,QF
E %UDGOH\&RUSRUDWLRQ
F &KLFDJR)DXFHWV
G 'HOWD)DXFHW&RPSDQ\
H (OMHU
I (OND\0DQXIDFWXULQJ&R
J )LVKHU0DQXIDFWXULQJ&R
K *URKH$PHULFD,QF
L -XVW0DQXIDFWXULQJ&RPSDQ\
M .RKOHU&R
N 0RHQ,QF
O 5R\DO%UDVV0IJ&R
P 6D\FR
D%ULJJV3OXPELQJ3URGXFWV,QF&RPSDQ\
Q 6SHDNPDQ&RPSDQ\
R 7 6%UDVVDQG%URQ]H:RUNV,QF
S =XUQ3OXPELQJ3URGXFWV*URXS
&RPPHUFLDO%UDVV2SHUDWLRQ
T %UDVVWHFK,QF
1HZSRUW%UDVV'LY
U %URDGZD\&ROOHFWLRQ
V &HQWUDO%UDVV0DQXIDFWXULQJ&RPSDQ\
W )UDQNH&RQVXPHU3URGXFWV,QF
.LWFKHQ6\VWHPV'LY
X *HUEHU3OXPELQJ)L[WXUHV//&
Y *HEHULW0DQXIDFWXULQJ,QF
Z +DQVJURKH,QF
[ +\GURWHN,QWHUQDWLRQDO,QF
\ ,QWHUVDQ0DQXIDFWXULQJ&RPSDQ\
] 0RHQ,QF
DD 3HJOHU/WG
EE 3ULFH3ILVWHU,QF
FF 5RKO//&
GG :DWHU0DQDJHPHQW,QF
HH :ROYHULQH%UDVV,QF
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

II 3DXO'HFRUDWLYH3URGXFWV
JJ 3KRHQL[3URGXFWV,QF
KK 6WHUOLQJ3OXPELQJ*URXS,QF
LL 6W7KRPDV&UHDWLRQV
MM 6\PPRQV,QGXVWULHV,QF
NN :KLWH5RFN&RUS
OO 3KRHQL[3URGXFWV,QF
PP =XUQ3OXPELQJ3URGXFWV*URXS
:LONLQV2SHUDWLRQ
 %$7+78%)$8&(76
$ %DWKWXE)DXFHWV
 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $PHULFDQ6WDQGDUG&RPSDQLHV,QF
E %UDVVWHFK,QF
1HZSRUW%UDVV'LY
F %URDGZD\&ROOHFWLRQ
G &HQWUDO%UDVV0DQXIDFWXULQJ&RPSDQ\
H 'HOWD)DXFHW&RPSDQ\
I (OMHU
J *HUEHU3OXPELQJ)L[WXUHV//&
K *URKH$PHULFD,QF
L +DQVJURKH,QF
M .RKOHU&R
N 0RHQ,QF
O 3DXO'HFRUDWLYH3URGXFWV
P 3HJOHU/WG
Q 3RZHUV
D:DWWV,QGXVWULHV&R
R 5R\DO%UDVV0IJ&R
S 6D\FR
D%ULJJV3OXPELQJ3URGXFWV,QF&RPSDQ\
T 6SHDNPDQ&RPSDQ\
U 6WHUOLQJ3OXPELQJ*URXS,QF
V 6W7KRPDV&UHDWLRQV
W 6\PPRQV,QGXVWULHV,QF
X 7 6%UDVVDQG%URQ]H:RUNV,QF
Y :ROYHULQH%UDVV,QF
 %$7+78%6+2:(5)$8&(76
$ %DWKWXE6KRZHU)DXFHWV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $PHULFDQ6WDQGDUG&RPSDQLHV,QF
E %UDVVWHFK,QF
1HZSRUW%UDVV'LY
F %URDGZD\&ROOHFWLRQ
G &HQWUDO%UDVV0DQXIDFWXULQJ&RPSDQ\
H &KLFDJR)DXFHWV
I 'HOWD)DXFHW&RPSDQ\
J (OMHU
K *HUEHU3OXPELQJ)L[WXUHV//&
L +DQVJURKH,QF
M .RKOHU&R
N /HRQDUG9DOYH&RPSDQ\
O 0RHQ,QF
P 3DXO'HFRUDWLYH3URGXFWV
Q 3HJOHU/WG
R 3RZHUV
D:DWWV,QGXVWULHV&R
S 3ULFH3ILVWHU,QF
T 5RKO//&
U 5R\DO%UDVV0IJ&R
V 6D\FR
D%ULJJV3OXPELQJ3URGXFWV,QF&RPSDQ\
W 6SHDNPDQ&RPSDQ\
X 6WHUOLQJ3OXPELQJ*URXS,QF
Y 6W7KRPDV&UHDWLRQV
Z 6\PPRQV,QGXVWULHV,QF
[ 7 6%UDVVDQG%URQ]H:RUNV,QF
\ :ROYHULQH%UDVV,QF
] =XUQ3OXPELQJ3URGXFWV*URXS
$TXD6SHF&RPPHUFLDO)DXFHW2SHUDWLRQ
DD =XUQ3OXPELQJ3URGXFWV*URXS
:LONLQV2SHUDWLRQ
EE %URDGZD\&ROOHFWLRQ
FF +DQVJURKH,QF
GG /HRQDUG9DOYH&RPSDQ\
HH 3RZHUV
D:DWWV,QGXVWULHV&R
II 7 6%UDVVDQG%URQ]H:RUNV,QF
JJ &KLFDJR)DXFHWV
KK *URKH$PHULFD,QF
LL /DZOHU0DQXIDFWXULQJ&R,QF
MM 7 6%UDVVDQG%URQ]H:RUNV,QF
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 6+2:(5)$8&(76
$ 6KRZHU)DXFHWV

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $PHULFDQ6WDQGDUG&RPSDQLHV,QF
E %UDVVWHFK,QF
1HZSRUW%UDVV'LY
F %URDGZD\&ROOHFWLRQ
G &HQWUDO%UDVV0DQXIDFWXULQJ&RPSDQ\
H &KLFDJR)DXFHWV
I 'HOWD)DXFHW&RPSDQ\
J (OMHU
K *HUEHU3OXPELQJ)L[WXUHV//&
L +DQVJURKH,QF
M .RKOHU&R
N /HRQDUG9DOYH&RPSDQ\
O 0RHQ,QF
P 3DXO'HFRUDWLYH3URGXFWV
Q 3HJOHU/WG
R 3RZHUV
D:DWWV,QGXVWULHV&R
S 3ULFH3ILVWHU,QF
T 5RKO//&
U 5R\DO%UDVV0IJ&R
V 6D\FR
D%ULJJV3OXPELQJ3URGXFWV,QF&RPSDQ\
W 6SHDNPDQ&RPSDQ\
X 6WHUOLQJ3OXPELQJ*URXS,QF
Y 6W7KRPDV&UHDWLRQV
Z 6\PPRQV,QGXVWULHV,QF
[ 7 6%UDVVDQG%URQ]H:RUNV,QF
\ :ROYHULQH%UDVV,QF
] =XUQ3OXPELQJ3URGXFWV*URXS
$TXD6SHF&RPPHUFLDO)DXFHW2SHUDWLRQ
DD =XUQ3OXPELQJ3URGXFWV*URXS
:LONLQV2SHUDWLRQ
EE %URDGZD\&ROOHFWLRQ
FF +DQVJURKH,QF
GG /HRQDUG9DOYH&RPSDQ\
HH 3RZHUV
D:DWWV,QGXVWULHV&R
II 7 6%UDVVDQG%URQ]H:RUNV,QF
JJ &KLFDJR)DXFHWV
KK *URKH$PHULFD,QF
LL /DZOHU0DQXIDFWXULQJ&R,QF
MM 7 6%UDVVDQG%URQ]H:RUNV,QF
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 6,1.)$8&(76
$ 6LQN)DXFHWV

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $PHULFDQ6WDQGDUG&RPSDQLHV,QF
E %UDGOH\&RUSRUDWLRQ
F %URDGZD\&ROOHFWLRQ
G &KLFDJR)DXFHWV
H 'HOWD)DXFHW&RPSDQ\
I 'RUPRQW0DQXIDFWXULQJ&RPSDQ\
J (OMHU
K (OND\0DQXIDFWXULQJ&R
L )LVKHU0DQXIDFWXULQJ&R
M *URKH$PHULFD,QF
N -XVW0DQXIDFWXULQJ&RPSDQ\
O .RKOHU&R
P 0RHQ,QF
Q 5R\DO%UDVV0IJ&R
R 6D\FR
D%ULJJV3OXPELQJ3URGXFWV,QF&RPSDQ\
S 6SHDNPDQ&RPSDQ\
T 7 6%UDVVDQG%URQ]H:RUNV,QF
U =XUQ3OXPELQJ3URGXFWV*URXS
&RPPHUFLDO%UDVV2SHUDWLRQ
V $PHULFDQ6WDQGDUG&RPSDQLHV,QF
W %UDGOH\&RUSRUDWLRQ
X %UDVVWHFK,QF
1HZSRUW%UDVV'LY
Y %URDGZD\&ROOHFWLRQ
Z &HQWUDO%UDVV0DQXIDFWXULQJ&RPSDQ\
[ &KLFDJR)DXFHWV
\ 'HOWD)DXFHW&RPSDQ\
 )/86+20(7(56
$ )OXVKRPHWHUV
 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJH
RI

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D &R\QH 'HODQ\&R
E 'HOWD)DXFHW&RPSDQ\
F 6ORDQ9DOYH&RPSDQ\
G =XUQ3OXPELQJ3URGXFWV*URXS
&RPPHUFLDO%UDVV2SHUDWLRQ
H +\GURWHN,QWHUQDWLRQDO,QF
I 6ORDQ9DOYH&RPSDQ\
J 727286$,QF
K &R\QH 'HODQ\&R
L 'HOWD)DXFHW&RPSDQ\
M +\GURWHN,QWHUQDWLRQDO,QF
N 6ORDQ9DOYH&RPSDQ\
O 727286$,QF
P =XUQ3OXPELQJ3URGXFWV*URXS
&RPPHUFLDO%UDVV2SHUDWLRQ
 72,/(76($76
$ 7RLOHW6HDWV
 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $PHULFDQ6WDQGDUG&RPSDQLHV,QF
E %HPLV0DQXIDFWXULQJ&RPSDQ\
F &HQWRFR0DQXIDFWXULQJ&RUS
G &KXUFK6HDWV
H (OMHU
I .RKOHU&R
J 2OVRQLWH&RUS
K 6DQGHUVRQ3OXPELQJ3URGXFWV,QF
%HQHNH'LY
L 6SHU]HO
M %HPLV0DQXIDFWXULQJ&RPSDQ\
N &HQWRFR0DQXIDFWXULQJ&RUS
O &KXUFK6HDWV
P .RKOHU&R
Q 2OVRQLWH&RUS
R 3UHVVDOLW$6
S 6DQGHUVRQ3OXPELQJ3URGXFWV,QF
%HQHNH'LY
T 6SHU]HO
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 3527(&7,9(6+,(/',1**8$5'6
$ 3URWHFWLYH6KLHOGLQJ3LSH&RYHUV
 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

D (QJLQHHUHG%UDVV&R
E ,QVXO7HFW3URGXFWV&R
D6XEVLGLDU\RI09*0ROGHG3URGXFWV
F 0F*XLUH0DQXIDFWXULQJ&R,QF
G 3OXPEHUH[6SHFLDOW\3URGXFWV,QF
H 7&,3URGXFWV
I 758(%52,QF
J =XUQ3OXPELQJ3URGXFWV*URXS
7XEXODU%UDVV3OXPELQJ3URGXFWV2SHUDWLRQ
 'HVFULSWLRQ
  0DQXIDFWXUHG SODVWLF ZUDSV IRU FRYHULQJ SOXPELQJ IL[WXUH KRW DQG FROG ZDWHU VXSSOLHV DQGWUDS DQG GUDLQ SLSLQJ  &RPSO\ ZLWK$PHULFDQV ZLWK 'LVDELOLWLHV$FW

$'$
UHTXLUHPHQWV

 ),;785(68332576
$ $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJ SURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
% 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV SURYLGH SURGXFWV E\ RQH RI WKH

IROORZLQJ

 -RVDP&RPSDQ\
 0,)$%0DQXIDFWXULQJ,QF
 6PLWK-D\50IJ&R
 7\OHU3LSH
:DGH'LY
 :DWWV'UDLQDJH3URGXFWV,QF
DGLYRI:DWWV,QGXVWULHV,QF
 =XUQ3OXPELQJ3URGXFWV*URXS
6SHFLILFDWLRQ'UDLQDJH2SHUDWLRQ
& :DWHU&ORVHW6XSSRUWV
 'HVFULSWLRQ
&RPELQDWLRQFDUULHUGHVLJQHGIRUDFFHVVLEOHRUVWDQGDUGPRXQWLQJKHLJKWRI ZDOOPRXQWLQJ ZDWHUFORVHWW\SHIL[WXUH,QFOXGH VLQJOHRUGRXEOH YHUWLFDORUKRUL]RQWDO KXEDQGVSLJRW RU KXEOHVV ZDVWH ILWWLQJ DV UHTXLUHG IRU SLSLQJ DUUDQJHPHQW  IDFHSODWHV

FRXSOLQJV ZLWK JDVNHWV
 IHHW
 DQG IL[WXUH EROWV DQG KDUGZDUH PDWFKLQJ IL[WXUH  ,QFOXGH DGGLWLRQDOH[WHQVLRQFRXSOLQJIDFHSODWHDQGIHHWIRULQVWDOODWLRQLQZLGHSLSHVSDFH ' 8ULQDO6XSSRUWV

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 'HVFULSWLRQ
7\SH,XULQDO FDUULHUZLWKIL[WXUHVXSSRUWSODWHVDQGFRXSOLQJZLWKVHDODQG IL[WXUHEROWVDQGKDUGZDUHPDWFKLQJIL[WXUHIRUZDOOPRXQWLQJXULQDOW\SHIL[WXUH,QFOXGH VWHHOXSULJKWVZLWKIHHW
 $FFHVVLEOH)L[WXUH6XSSRUW
,QFOXGHUHFWDQJXODUVWHHOXSULJKWV
( /DYDWRU\6XSSRUWV

 'HVFULSWLRQ
 7\SH, ODYDWRU\ FDUULHU ZLWK H[SRVHG DUPV DQGWLH URGVIRU ZDOOPRXQWLQJ ODYDWRU\W\SHIL[WXUH,QFOXGHVWHHOXSULJKWVZLWKIHHW  $FFHVVLEOH)L[WXUH6XSSRUW
,QFOXGHUHFWDQJXODUVWHHOXSULJKWV
) 6LQN6XSSRUWV

 'HVFULSWLRQ
  7\SH, VLQN FDUULHU ZLWK H[SRVHG DUPV DQG WLH URGV IRU VLQNW\SH IL[WXUH ,QFOXGHVWHHOXSULJKWVZLWKIHHW
 :$7(5&/26(76
$ :DWHU&ORVHWV

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGH>WKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $PHULFDQ6WDQGDUG&RPSDQLHV,QF
E %DUFOD\3URGXFWV/WG
F %ULJJV3OXPELQJ3URGXFWV,QF
G &UDQH3OXPELQJ//&)LDW3URGXFWV
H 'XUDYLW86$,QF
I (OMHU
J *HUEHU3OXPELQJ)L[WXUHV//&
K .RKOHU&R
L 0DQVILHOG3OXPELQJ3URGXFWV,QF
M 3HHUOHVV3RWWHU\,QF
N 6DQLWDULRV$]WHFD6$GH&9
O 6WHUOLQJ3OXPELQJ*URXS,QF
P 6W7KRPDV&UHDWLRQV
Q 727286$,QF
R :DWHU0DQDJHPHQW,QF
S &DSL]]L
T 6W7KRPDV&UHDWLRQV
U $PHULFDQ6WDQGDUG&RPSDQLHV,QF
V *HUEHU3OXPELQJ)L[WXUHV//&
W .RKOHU&R
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

X 0DQVILHOG3OXPELQJ3URGXFWV,QF
Y 6W7KRPDV&UHDWLRQV
Z &UDQH3OXPELQJ//&)LDW3URGXFWV
[ (OMHU
\ 3HHUOHVV3RWWHU\,QF
] :DWHU0DQDJHPHQW,QF
 85,1$/6
$ 8ULQDOV

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $PHULFDQ6WDQGDUG&RPSDQLHV,QF
E %ULJJV3OXPELQJ3URGXFWV,QF
F &DSL]]L
G &UDQH3OXPELQJ//&)LDW3URGXFWV
H 'XUDYLW86$,QF
I (OMHU
J .RKOHU&R
K 0DQVILHOG3OXPELQJ3URGXFWV,QF
L 3HHUOHVV3RWWHU\,QF
M 6DQLWDULRV$]WHFD6$GH&9
N 6W7KRPDV&UHDWLRQV
O 727286$,QF
 /$9$725,(6
$ /DYDWRULHV

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $PHULFDQ6WDQGDUG&RPSDQLHV,QF
E &RPPHUFLDO(QDPHOLQJ&RPSDQ\
F (OMHU
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

G .RKOHU&R
H $PHULFDQ6WDQGDUG&RPSDQLHV,QF
I %DUFOD\3URGXFWV/WG
J %ULJJV3OXPELQJ3URGXFWV,QF
K &UDQH3OXPELQJ//&)LDW3URGXFWV
L (OMHU
M *HUEHU3OXPELQJ)L[WXUHV//&
N .RKOHU&R
O 0DQVILHOG3OXPELQJ3URGXFWV,QF
P 3HHUOHVV3RWWHU\,QF
Q 6WHUOLQJ3OXPELQJ*URXS,QF
R 6W7KRPDV&UHDWLRQV
S 727286$,QF
 %$7+78%6
$ %DWKWXEV

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D (OMHU
E -DFX]]L,QF
F .RKOHU&R
G $PHULFDQ6WDQGDUG&RPSDQLHV,QF
H %RRW]3OXPELQJZDUH&R
I %ULJJV3OXPELQJ3URGXFWV,QF
J &UDQH3OXPELQJ//&)LDW3URGXFWV
K 0DQVILHOG3OXPELQJ3URGXFWV,QF
L $NHU3ODVWLFV&R,QF
M %HVW%DWK6\VWHPV
DGLYRI)LEHUJODVV6\VWHPV,QF
N &ODULRQ%DWKZDUH
O )ORUHVWRQH3URGXFWV&R,QF
P 3UD[LV,QGXVWULHV,QF
$TXDULXV3URGXFWV
Q 6WHUOLQJ3OXPELQJ*URXS,QF
R 6ZDQ&RUSRUDWLRQ
7KH

S $FU\OLQH86$,QF
T $PHULFDQ6WDQGDUG&RPSDQLHV,QF
U $TXD%DWK&RPSDQ\,QF
V $TXD*ODVV&RUSRUDWLRQ
W $TXDWLF,QGXVWULHV,QF
X %HVW%DWK6\VWHPV
DGLYRI)LEHUJODVV6\VWHPV,QF
Y &ODULRQ%DWKZDUH
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

Z &UDQH3OXPELQJ//&)LDW3URGXFWV
[ )ORUHVWRQH3URGXFWV&R,QF
\ .RKOHU&R
] /\RQV,QGXVWULHV,QF
DD 0DQVILHOG3OXPELQJ3URGXFWV,QF
$FU\OLF2SHUDWLRQV
EE 3UD[LV,QGXVWULHV,QF
$TXDULXV3URGXFWV
FF 6W7KRPDV&UHDWLRQV
GG 6ZDQ&RUSRUDWLRQ
7KH

 ,1',9,'8$/6+2:(56
$ ,QGLYLGXDO6KRZHUV

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $NHU3ODVWLFV&R,QF
E $TXD*ODVV&RUSRUDWLRQ
F &ODULRQ%DWKZDUH
G )ORUHVWRQH3URGXFWV&R,QF
H /$6&2%DWKZDUH
I 3UD[LV,QGXVWULHV,QF
$TXDULXV3URGXFWV
J 6WHUOLQJ3OXPELQJ*URXS,QF
K 6ZDQ&RUSRUDWLRQ
7KH

L $FU\OLQH86$,QF
M $NHU3ODVWLFV&R,QF
N $TXD%DWK&RPSDQ\,QF
O $TXD*ODVV&RUSRUDWLRQ
P $TXDWLF,QGXVWULHV,QF
Q &ODULRQ%DWKZDUH
R &UDQH3OXPELQJ//&)LDW3URGXFWV
S -DFX]]L,QF
T .RKOHU&R
U /$6&2%DWKZDUH
V 3UD[LV,QGXVWULHV,QF
$TXDULXV3URGXFWV
 .,7&+(16,1.6
$ .LWFKHQ6LQNV

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D &RPPHUFLDO(QDPHOLQJ&RPSDQ\
E (OMHU
F -DFX]]L,QF
G .RKOHU&R
H *HUEHU3OXPELQJ)L[WXUHV//&
I /\RQV,QGXVWULHV,QF
J $PHULFDQ6WDQGDUG&RPSDQLHV,QF
K %RRW]3OXPELQJZDUH&R
L %ULJJV3OXPELQJ3URGXFWV,QF
M 0DQVILHOG3OXPELQJ3URGXFWV,QF
N $YRQLWH,QF
O 'X3RQW&RULDQ3URGXFWV
P )+3.LQGUHG86$
Q )RUPLFD&RUSRUDWLRQ
R )UDQNH&RQVXPHU3URGXFWV,QF.LWFKHQ6\VWHPV'LY S /LSSHUW&RUSRUDWLRQ
T 5\QRQH0DQXIDFWXULQJ&RUS
U 6ZDQ&RUSRUDWLRQ
7KH

V :LOVRQDUW,QWHUQDWLRQDO
W 'D\WRQ3URGXFWV,QF
X (OND\0DQXIDFWXULQJ&R
Y )UDQNH&RQVXPHU3URGXFWV,QF.LWFKHQ6\VWHPV'LY Z -XVW0DQXIDFWXULQJ&RPSDQ\
[ .RKOHU&R
\ 0RHQ,QF
] 5HYHUH6LQN
DD 6WHUOLQJ3OXPELQJ*URXS,QF
EE 7HND86$
FF :KLWH5RFN&RUS
 6(59,&(6,1.6
$ 6HUYLFH6LQNV

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR WKHIROORZLQJ

 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH

IROORZLQJ

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 %DVLVRI'HVLJQ3URGXFW
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVSURYLGHWKHSURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
D $PHULFDQ6WDQGDUG&RPSDQLHV,QF
E &RPPHUFLDO(QDPHOLQJ&RPSDQ\
F (OMHU
G .RKOHU&R
H &UDQH3OXPELQJ//&)LDW3URGXFWV
3$57(;(&87,21
 ,167$//$7,21
$ $VVHPEOH SOXPELQJ IL[WXUHV WULP ILWWLQJV DQG RWKHU FRPSRQHQWV DFFRUGLQJ WR PDQXIDFWXUHUV 
ZULWWHQLQVWUXFWLRQV
% ,QVWDOORIIIORRUVXSSRUWVDIIL[HGWREXLOGLQJVXEVWUDWHIRUZDOOPRXQWLQJIL[WXUHV  8VHFDUULHUVXSSRUWVZLWKZDVWHILWWLQJDQGVHDOIRUEDFNRXWOHWIL[WXUHV  8VHFDUULHUVXSSRUWVZLWKRXWZDVWHILWWLQJIRUIL[WXUHVZLWKWXEXODUZDVWHSLSLQJ  8VHFKDLUW\SHFDUULHUVXSSRUWVZLWKUHFWDQJXODUVWHHOXSULJKWVIRUDFFHVVLEOHIL[WXUHV & ,QVWDOOEDFNRXWOHWZDOOPRXQWLQJIL[WXUHVRQWRZDVWHILWWLQJVHDOVDQGDWWDFKWRVXSSRUWV ' ,QVWDOO IORRUPRXQWLQJ IL[WXUHV RQ FORVHW IODQJHV RU RWKHU DWWDFKPHQWV WR SLSLQJ RU EXLOGLQJ VXEVWUDWH
( ,QVWDOOZDOOPRXQWLQJIL[WXUHVZLWKWXEXODUZDVWHSLSLQJDWWDFKHGWRVXSSRUWV ) ,QVWDOOIL[WXUHVOHYHODQGSOXPEDFFRUGLQJWRURXJKLQJLQGUDZLQJV * ,QVWDOO ZDWHUVXSSO\ SLSLQJ ZLWK VWRS RQ HDFK VXSSO\WR HDFKIL[WXUHWR EH FRQQHFWHGWR ZDWHU GLVWULEXWLRQSLSLQJ$WWDFKVXSSOLHVWRVXSSRUWVRUVXEVWUDWHZLWKLQSLSHVSDFHVEHKLQGIL[WXUHV ,QVWDOOVWRSVLQORFDWLRQVZKHUHWKH\FDQEHHDVLO\UHDFKHGIRURSHUDWLRQ + ,QVWDOOWUDSDQGWXEXODUZDVWHSLSLQJRQGUDLQRXWOHWRIHDFKIL[WXUHWREHGLUHFWO\FRQQHFWHGWR VDQLWDU\GUDLQDJHV\VWHP
, ,QVWDOOWXEXODUZDVWHSLSLQJRQGUDLQRXWOHWRIHDFKIL[WXUHWREHLQGLUHFWO\FRQQHFWHGWRGUDLQDJH V\VWHP
- ,QVWDOOIOXVKRPHWHUYDOYHVIRUDFFHVVLEOHZDWHUFORVHWVDQGXULQDOVZLWKKDQGOHPRXQWHGRQZLGH VLGHRIFRPSDUWPHQW,QVWDOORWKHUDFWXDWRUVLQORFDWLRQVWKDWDUHHDV\IRUSHRSOHZLWKGLVDELOLWLHV WRUHDFK
. ,QVWDOOWDQNVIRUDFFHVVLEOHWDQNW\SHZDWHUFORVHWVZLWKOHYHUKDQGOHPRXQWHGRQZLGHVLGHRI FRPSDUWPHQW
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

/ ,QVWDOOWRLOHWVHDWVRQZDWHUFORVHWV
0 ,QVWDOOIDXFHWVSRXWILWWLQJVZLWKVSHFLILHGIORZUDWHVDQGSDWWHUQVLQIDXFHWVSRXWVLIIDXFHWVDUH QRWDYDLODEOHZLWKUHTXLUHGUDWHVDQGSDWWHUQV,QFOXGHDGDSWHUVLIUHTXLUHG 1 ,QVWDOO ZDWHUVXSSO\ IORZFRQWURO ILWWLQJV ZLWK VSHFLILHG IORZ UDWHV LQ IL[WXUH VXSSOLHV DW VWRS YDOYHV
2 ,QVWDOOIDXFHWIORZFRQWUROILWWLQJVZLWKVSHFLILHGIORZUDWHVDQGSDWWHUQVLQIDXFHWVSRXWVLIIDXFHWV DUHQRWDYDLODEOHZLWKUHTXLUHGUDWHVDQGSDWWHUQV,QFOXGHDGDSWHUVLIUHTXLUHG 3 ,QVWDOOVKRZHUIORZFRQWUROILWWLQJVZLWKVSHFLILHGPD[LPXPIORZUDWHVLQVKRZHUDUPV 4 ,QVWDOOWUDSVRQIL[WXUHRXWOHWV
 ([FHSWLRQ
2PLWWUDSRQIL[WXUHVZLWKLQWHJUDOWUDSV
 ([FHSWLRQ
2PLWWUDSRQLQGLUHFWZDVWHVXQOHVVRWKHUZLVHLQGLFDWHG 5 ,QVWDOOKRWZDWHUGLVSHQVHUVLQEDFNWRSVXUIDFHRIVLQNRULQFRXQWHUWRSZLWKVSRXWRYHUVLQN 6 ,QVWDOO HVFXWFKHRQV DW SLSLQJ ZDOO DQG FHLOLQJ SHQHWUDWLRQV LQ H[SRVHG ILQLVKHG ORFDWLRQV DQG ZLWKLQ FDELQHWVDQGPLOOZRUN8VHGHHSSDWWHUQHVFXWFKHRQVLIUHTXLUHGWR FRQFHDO SURWUXGLQJ ILWWLQJV  (VFXWFKHRQV DUH VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ &RPPRQ :RUN 5HVXOWV IRU 3OXPELQJ
7 6HW EDWKWXEV DQG VKRZHUV LQ OHYHOLQJ EHG RI FHPHQW JURXW  *URXW LV VSHFLILHG LQ 'LYLVLRQ 6HFWLRQ&RPPRQ:RUN5HVXOWVIRU3OXPELQJ
8 6HDO MRLQWV EHWZHHQ IL[WXUHV DQG ZDOOV IORRUV DQG FRXQWHUWRSV XVLQJ VDQLWDU\W\SH RQHSDUW PLOGHZUHVLVWDQWVLOLFRQHVHDODQW0DWFKVHDODQWFRORUWRIL[WXUHFRORU6HDODQWVDUHVSHFLILHGLQ 'LYLVLRQ6HFWLRQ-RLQW6HDODQWV
 &211(&7,216
$ 3LSLQJLQVWDOODWLRQ UHTXLUHPHQWVDUHVSHFLILHGLQRWKHU'LYLVLRQ6HFWLRQV'UDZLQJVLQGLFDWH JHQHUDODUUDQJHPHQWRISLSLQJILWWLQJVDQGVSHFLDOWLHV % &RQQHFW IL[WXUHV ZLWK ZDWHU VXSSOLHV VWRSV DQG ULVHUV DQG ZLWK WUDSV VRLO ZDVWH DQG YHQW SLSLQJ8VHVL]HILWWLQJVUHTXLUHGWRPDWFKIL[WXUHV & *URXQG HTXLSPHQW DFFRUGLQJ WR 'LYLVLRQ 6HFWLRQ *URXQGLQJ DQG %RQGLQJ IRU (OHFWULFDO 6\VWHPV
' &RQQHFWZLULQJDFFRUGLQJWR'LYLVLRQ6HFWLRQ/RZ9ROWDJH(OHFWULFDO3RZHU&RQGXFWRUVDQG &DEOHV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI

 ),(/'48$/,7<&21752/
$ 9HULI\ WKDW LQVWDOOHG SOXPELQJ IL[WXUHV DUH FDWHJRULHV DQG W\SHV VSHFLILHG IRU ORFDWLRQV ZKHUH LQVWDOOHG
% &KHFN WKDW SOXPELQJ IL[WXUHV DUH FRPSOHWH ZLWK WULP IDXFHWV ILWWLQJV DQG RWKHU VSHFLILHG FRPSRQHQWV
& ,QVSHFWLQVWDOOHGSOXPELQJIL[WXUHVIRUGDPDJH5HSODFHGDPDJHGIL[WXUHVDQGFRPSRQHQWV ' 7HVW LQVWDOOHG IL[WXUHV DIWHU ZDWHU V\VWHPV DUH SUHVVXUL]HG IRU SURSHU RSHUDWLRQ  5HSODFH PDOIXQFWLRQLQJ IL[WXUHV DQG FRPSRQHQWV WKHQ UHWHVW  5HSHDW SURFHGXUH XQWLO XQLWV RSHUDWH SURSHUO\
( ,QVWDOOIUHVKEDWWHULHVLQVHQVRURSHUDWHGPHFKDQLVPV  3527(&7,21
$ 3URYLGHSURWHFWLYHFRYHULQJIRULQVWDOOHGIL[WXUHVDQGILWWLQJV % 'R QRW DOORZ XVH RI SOXPELQJ IL[WXUHV IRU WHPSRUDU\ IDFLOLWLHV XQOHVV DSSURYHG LQ ZULWLQJ E\ 2ZQHU
(1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJH
RI

7KLV3DJH%ODQN
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
6(&7,21
&20021:25.6)25+9$&
3$57 *(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJ

 (TXLSPHQWLQVWDOODWLRQUHTXLUHPHQWVFRPPRQWRHTXLSPHQWVHFWLRQV  &RQFUHWHEDVHV
 6XSSRUWVDQGDQFKRUDJHV
 '(),1,7,216
$)LQLVKHG6SDFHV
6SDFHVRWKHUWKDQPHFKDQLFDODQGHOHFWULFDOHTXLSPHQWURRPVIXUUHGVSDFHV SLSH DQG GXFW FKDVHV XQKHDWHG VSDFHV LPPHGLDWHO\ EHORZ URRI VSDFHV DERYH FHLOLQJV XQH[FDYDWHGVSDFHVFUDZOVSDFHVDQGWXQQHOV
%     ([SRVHG ([WHULRU ,QVWDOODWLRQV
   ([SRVHG WR YLHZ RXWGRRUV RU VXEMHFW WR RXWGRRU DPELHQW WHPSHUDWXUHVDQGZHDWKHUFRQGLWLRQV([DPSOHVLQFOXGHURRIWRSORFDWLRQV & &RQFHDOHG,QWHULRU,QVWDOODWLRQV
 &RQFHDOHGIURPYLHZDQGSURWHFWHGIURPSK\VLFDOFRQWDFWE\ EXLOGLQJRFFXSDQWV([DPSOHVLQFOXGHDERYHFHLOLQJVDQGFKDVHV ' &RQFHDOHG([WHULRU,QVWDOODWLRQV
&RQFHDOHGIURPYLHZDQGSURWHFWHGIURPZHDWKHUFRQGLWLRQV DQG SK\VLFDO FRQWDFW E\ EXLOGLQJ RFFXSDQWV EXW VXEMHFW WR RXWGRRU DPELHQW WHPSHUDWXUHV ([DPSOHVLQFOXGHLQVWDOODWLRQVZLWKLQXQKHDWHGVKHOWHUV  48$/,7< $6685$1&(
$ (OHFWULFDO &KDUDFWHULVWLFVIRU+9$&(TXLSPHQW  (TXLSPHQW RIKLJKHU HOHFWULFDO FKDUDFWHULVWLFV
PD\ EH IXUQLVKHG SURYLGHG VXFK SURSRVHG HTXLSPHQW LV DSSURYHG LQ ZULWLQJ DQG FRQQHFWLQJ HOHFWULFDO VHUYLFHV FLUFXLW EUHDNHUV DQG FRQGXLW VL]HV DUH DSSURSULDWHO\PRGLILHG ,IPLQLPXP HQHUJ\UDWLQJVRUHIILFLHQFLHVDUHVSHFLILHGHTXLSPHQWVKDOOFRPSO\ZLWKUHTXLUHPHQWV 3$57 (;(&87,21
 (48,30(17,167$//$7,21&200215(48,5(0(176
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
$ ,QVWDOO HTXLSPHQW WR DOORZ PD[LPXP SRVVLEOH KHDGURRP XQOHVV VSHFLILF PRXQWLQJ KHLJKWV DUH QRWLQGLFDWHG
% ,QVWDOO HTXLSPHQW OHYHO DQG SOXPE SDUDOOHO DQG SHUSHQGLFXODU WR RWKHU EXLOGLQJ V\VWHPV DQG FRPSRQHQWVLQH[SRVHGLQWHULRUVSDFHVXQOHVVRWKHUZLVHLQGLFDWHG &     ,QVWDOO +9$& HTXLSPHQW WR IDFLOLWDWH VHUYLFH PDLQWHQDQFH DQG UHSDLU RU UHSODFHPHQW RI FRPSRQHQWV&RQQHFWHTXLSPHQWIRUHDVHRIGLVFRQQHFWLQJZLWKPLQLPXPLQWHUIHUHQFHWRRWKHU LQVWDOODWLRQV([WHQGJUHDVHILWWLQJVWRDFFHVVLEOHORFDWLRQV ' ,QVWDOOHTXLSPHQWWRDOORZULJKWRIZD\IRUSLSLQJLQVWDOOHGDWUHTXLUHGVORSH  &21&5(7(%$6(6
$ &RQFUHWH %DVHV
$QFKRU HTXLSPHQW WR FRQFUHWH EDVH DFFRUGLQJWR HTXLSPHQW PDQXIDFWXUHU V
ZULWWHQLQVWUXFWLRQVDQGDFFRUGLQJWRVHLVPLFFRGHVDW3URMHFW  &RQVWUXFW FRQFUHWH EDVHV RI GLPHQVLRQV LQGLFDWHG EXW QRW OHVVWKDQ LQFKHV PP

ODUJHULQERWKGLUHFWLRQVWKDQVXSSRUWHGXQLW
,QVWDOO GRZHO URGVWR FRQQHFW FRQFUHWHEDVHWRFRQFUHWHIORRU 8QOHVVRWKHUZLVH LQGLFDWHG LQVWDOO GRZHO URGV RQ LQFK
PP
 FHQWHUV DURXQG WKH IXOO SHULPHWHU RI
WKHEDVH
,QVWDOOHSR[\FRDWHGDQFKRUEROWVIRUVXSSRUWHGHTXLSPHQWWKDWH[WHQGWKURXJKFRQFUHWH EDVHDQGDQFKRULQWRVWUXFWXUDOFRQFUHWHIORRU
 3ODFHDQGVHFXUHDQFKRUDJHGHYLFHV 8VHVXSSRUWHGHTXLSPHQWPDQXIDFWXUHU VVHWWLQJ
GUDZLQJV WHPSODWHV GLDJUDPV LQVWUXFWLRQV DQG GLUHFWLRQV IXUQLVKHG ZLWK LWHPV WR EH HPEHGGHG
 ,QVWDOODQFKRUEROWVWRHOHYDWLRQVUHTXLUHGIRUSURSHUDWWDFKPHQWWRVXSSRUWHGHTXLSPHQW  ,QVWDOODQFKRUEROWVDFFRUGLQJWRDQFKRUEROWPDQXIDFWXUHU VZULWWHQLQVWUXFWLRQV
 8VHSVL
03D
GD\FRPSUHVVLYHVWUHQJWKFRQFUHWHDQG UHLQIRUFHPHQWDV VSHFLILHGLQ'LYLVLRQ
 (5(&7,212):22' 68332576$1'$1&+25$*(6
$ &XW ILW DQG SODFH ZRRG JURXQGV QDLOHUV EORFNLQJ DQG DQFKRUDJHV WR VXSSRUW DQG DQFKRU +9$&PDWHULDOVDQGHTXLSPHQW
% 6HOHFWIDVWHQHUVL]HVWKDWZLOOQRWSHQHWUDWHPHPEHUVLIRSSRVLWHVLGHZLOOEHH[SRVHGWRYLHZRU ZLOO UHFHLYHILQLVKPDWHULDOV 7LJKWHQFRQQHFWLRQVEHWZHHQPHPEHUV ,QVWDOOIDVWHQHUVZLWKRXW VSOLWWLQJZRRGPHPEHUV
& $WWDFKWRVXEVWUDWHVDVUHTXLUHGWRVXSSRUWDSSOLHGORDGV (1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
6(&7,21

+$1*(56$1'68332576)25+9$&3,3,1*$1'(48,30(17
3$57*(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJ

 6WHHOSLSHKDQJHUVDQGVXSSRUWV
 7UDSH]HSLSHKDQJHUV
 0HWDOIUDPLQJV\VWHPV
 7KHUPDOKDQJHUVKLHOGLQVHUWV
 )DVWHQHUV\VWHPV
 (TXLSPHQWVXSSRUWV
% 6HH'LYLVLRQ6HFWLRQ 9LEUDWLRQ DQG6HLVPLF&RQWUROVIRU+9$&3LSLQJDQG(TXLSPHQWIRU YLEUDWLRQLVRODWLRQGHYLFHV
& 6HH'LYLVLRQ6HFWLRQ
V
0HWDO'XFWV´IRUGXFWKDQJHUVDQGVXSSRUWV
 '(),1,7,216
$ 7HUPLQRORJ\
  $V GHILQHG LQ 06663
 *XLGHOLQHV RQ 7HUPLQRORJ\ IRU 3LSH +DQJHUV DQG 6XSSRUWV
 3(5)250$1&(5(48,5(0(176
$ 'HVLJQ VXSSRUWV IRU PXOWLSOH SLSHV FDSDEOH RI VXSSRUWLQJ FRPELQHG ZHLJKW RI VXSSRUWHG V\VWHPVV\VWHPFRQWHQWVDQGWHVWZDWHU
% 'HVLJQ HTXLSPHQW VXSSRUWV FDSDEOH RI VXSSRUWLQJ FRPELQHG RSHUDWLQJ ZHLJKW RI VXSSRUWHG HTXLSPHQWDQGFRQQHFWHGV\VWHPVDQGFRPSRQHQWV
& 'HVLJQVHLVPLFUHVWUDLQWKDQJHUVDQGVXSSRUWVIRUSLSLQJDQGHTXLSPHQW  68%0,77$/6
$ 3URGXFW'DWD
)RUWKHIROORZLQJ

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 6WHHOSLSHKDQJHUVDQGVXSSRUWV
 7KHUPDOKDQJHUVKLHOGLQVHUWV
 3RZGHUDFWXDWHGIDVWHQHUV\VWHPV
% 6KRS 'UDZLQJV
 6KRZ IDEULFDWLRQ DQG LQVWDOODWLRQ GHWDLOV DQG LQFOXGH FDOFXODWLRQV IRU WKH

IROORZLQJ

 7UDSH]HSLSHKDQJHUV,QFOXGH3URGXFW'DWDIRUFRPSRQHQWV  0HWDOIUDPLQJV\VWHPV,QFOXGH3URGXFW'DWDIRUFRPSRQHQWV  (TXLSPHQWVXSSRUWV
& :HOGLQJFHUWLILFDWHV
 48$/,7<$6685$1&(
$ :HOGLQJ
  4XDOLI\ SURFHGXUHV DQG SHUVRQQHO DFFRUGLQJ WR $60( %RLOHU DQG 3UHVVXUH 9HVVHO &RGH
6HFWLRQ,;
3$57352'8&76
 0$18)$&785(56
$ ,Q RWKHU 3DUW DUWLFOHV ZKHUH WLWOHV EHORZ LQWURGXFH OLVWV WKH IROORZLQJ UHTXLUHPHQWV DSSO\ WR SURGXFWVHOHFWLRQ

 $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJSURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWR PDQXIDFWXUHUVVSHFLILHG
 0DQXIDFWXUHUV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVSURYLGHSURGXFWVE\RQHRIWKH PDQXIDFWXUHUVVSHFLILHG
 67((/3,3(+$1*(56$1'68332576
$ 'HVFULSWLRQ
066637\SHVWKURXJKIDFWRU\IDEULFDWHGFRPSRQHQWV5HIHUWR3DUW +DQJHUDQG6XSSRUW$SSOLFDWLRQV$UWLFOHIRUZKHUHWRXVHVSHFLILFKDQJHUDQGVXSSRUWW\SHV % $YDLODEOH0DQXIDFWXUHUV

 $$$7HFKQRORJ\ 6SHFLDOWLHV&R,QF
 %HUJHQ3RZHU3LSH6XSSRUWV
 %/LQH6\VWHPV,QF
DGLYLVLRQRI&RRSHU,QGXVWULHV
 &DUSHQWHU 3DWHUVRQ,QF
 (PSLUH,QGXVWULHV,QF
 (5,&20LFKLJDQ+DQJHU&R
 *OREH3LSH+DQJHU3URGXFWV,QF
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 *ULQQHOO&RUS

 *60HWDOV&RUS
 1DWLRQDO3LSH+DQJHU&RUSRUDWLRQ
 3+'0DQXIDFWXULQJ,QF
 3+6,QGXVWULHV,QF
 3LSLQJ7HFKQRORJ\ 3URGXFWV,QF
 7ROFR,QF
& *DOYDQL]HG0HWDOOLF&RDWLQJV
3UHJDOYDQL]HGRUKRWGLSSHG
' 1RQPHWDOOLF&RDWLQJV
3ODVWLFFRDWLQJMDFNHWRUOLQHU
( 3DGGHG+DQJHUV
+DQJHUZLWKILEHUJODVVRURWKHUSLSHLQVXODWLRQSDGRUFXVKLRQIRUVXSSRUWRI EHDULQJVXUIDFHRISLSLQJ
 75$3(=(3,3(+$1*(56
$ 'HVFULSWLRQ
06663
7\SH
VKRSRUILHOGIDEULFDWHGSLSHVXSSRUWDVVHPEO\PDGHIURP VWUXFWXUDOVWHHOVKDSHVZLWK06663KDQJHUURGVQXWVVDGGOHVDQG8EROWV  0(7$/)5$0,1*6<67(06
$ 'HVFULSWLRQ
0)0$VKRSRUILHOGIDEULFDWHGSLSHVXSSRUWDVVHPEO\PDGHRIVWHHOFKDQQHOV DQGRWKHUFRPSRQHQWV
% 0DQXIDFWXUHUV

 %/LQH6\VWHPV,QF
DGLYLVLRQRI&RRSHU,QGXVWULHV
 (5,&20LFKLJDQ+DQJHU&R
(5,67587'LY
 *60HWDOV&RUS
 3RZHU6WUXW'LY
7\FR,QWHUQDWLRQDO/WG
 7KRPDV %HWWV&RUSRUDWLRQ
 7ROFR,QF
 8QLVWUXW&RUS
7\FR,QWHUQDWLRQDO/WG
& &RDWLQJV
0DQXIDFWXUHU
VVWDQGDUGILQLVKXQOHVVEDUHPHWDOVXUIDFHVDUHLQGLFDWHG ' 1RQPHWDOOLF&RDWLQJV
3ODVWLFFRDWLQJMDFNHWRUOLQHU
 )$67(1(56<67(06
$ 3RZGHU$FWXDWHG )DVWHQHUV
  7KUHDGHGVWHHO VWXG IRU XVH LQ KDUGHQHG SRUWODQG FHPHQW FRQFUHWH ZLWK SXOORXW WHQVLRQ DQG VKHDU FDSDFLWLHV DSSURSULDWH IRU VXSSRUWHG ORDGV DQG EXLOGLQJPDWHULDOVZKHUHXVHG
 $YDLODEOH0DQXIDFWXUHUV

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
D +LOWL,QF
E ,7:5DPVHW5HG+HDG
F 0DVWHUVHW)DVWHQLQJ6\VWHPV,QF
G 0.7)DVWHQLQJ//&
H 3RZHUV)DVWHQHUV
% 0HFKDQLFDO([SDQVLRQ $QFKRUV
  ,QVHUWZHGJHW\SH ]LQFFRDWHG VWHHO IRU XVH LQ KDUGHQHG SRUWODQGFHPHQWFRQFUHWHZLWKSXOORXWWHQVLRQDQGVKHDUFDSDFLWLHVDSSURSULDWHIRUVXSSRUWHG ORDGVDQGEXLOGLQJPDWHULDOVZKHUHXVHG
 0DQXIDFWXUHUV

D %/LQH6\VWHPV,QF
DGLYLVLRQRI&RRSHU,QGXVWULHV
E (PSLUH,QGXVWULHV,QF
F +LOWL,QF
G ,7:5DPVHW5HG+HDG
H 0.7)DVWHQLQJ//&
I 3RZHUV)DVWHQHUV
 (48,30(1768332576
$ 'HVFULSWLRQ
  :HOGHG VKRS RU ILHOGIDEULFDWHG HTXLSPHQW VXSSRUW PDGH IURP VWUXFWXUDOVWHHO VKDSHV
 0,6&(//$1(2860$7(5,$/6
$ 6WUXFWXUDO6WHHO
$670$$0VWHHOSODWHVVKDSHVDQGEDUV
EODFNDQGJDOYDQL]HG
% *URXW
  $670& IDFWRU\PL[HG DQG SDFNDJHG GU\ K\GUDXOLFFHPHQW QRQVKULQN DQG QRQPHWDOOLFJURXW
VXLWDEOHIRULQWHULRUDQGH[WHULRUDSSOLFDWLRQV
 3URSHUWLHV
1RQVWDLQLQJQRQFRUURVLYHDQGQRQJDVHRXV
 'HVLJQ0L[
SVL
03D
GD\FRPSUHVVLYHVWUHQJWK
3$57(;(&87,21
 +$1*(5$1'6833257$33/,&$7,216
$ 6SHFLILFKDQJHUDQG VXSSRUW UHTXLUHPHQWVDUH VSHFLILHGLQ6HFWLRQV VSHFLI\LQJ SLSLQJ V\VWHPV DQGHTXLSPHQW
% &RPSO\ ZLWK06663
IRU SLSH KDQJHU VHOHFWLRQV DQG DSSOLFDWLRQVWKDW DUH QRW VSHFLILHG LQ SLSLQJV\VWHP6HFWLRQV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
& 8VHKDQJHUVDQGVXSSRUWVZLWKJDOYDQL]HGPHWDOOLFFRDWLQJVIRUSLSLQJDQGHTXLSPHQWWKDWZLOO QRWKDYHILHOGDSSOLHGILQLVK
' 8VH QRQPHWDOOLF FRDWLQJV RQ DWWDFKPHQWV IRU HOHFWURO\WLF SURWHFWLRQ ZKHUH DWWDFKPHQWV DUH LQ GLUHFWFRQWDFWZLWKFRSSHUWXELQJ
( 8VHSDGGHGKDQJHUVIRUSLSLQJWKDWLVVXEMHFWWRVFUDWFKLQJ ) +RUL]RQWDO3LSLQJ+DQJHUVDQG6XSSRUWV
8QOHVVRWKHUZLVHLQGLFDWHGDQGH[FHSWDVVSHFLILHGLQ SLSLQJV\VWHP6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 $GMXVWDEOH 6WHHO &OHYLV +DQJHUV
066 7\SH

  )RU VXVSHQVLRQ RI QRQLQVXODWHG RU
LQVXODWHGVWDWLRQDU\SLSHV136WR136
'1WR'1

 <RNH7\SH3LSH&ODPSV
0667\SH

)RUVXVSHQVLRQRIWRGHJ)

WR
GHJ&
SLSHV136WR136
'1WR'1
 UHTXLULQJXSWRLQFKHV
PP

RILQVXODWLRQ
 &DUERQ RU $OOR\6WHHO 'RXEOH%ROW 3LSH &ODPSV 066 7\SH

  )RU VXVSHQVLRQ RI
SLSHV 136 WR 136
'1 WR '1
 UHTXLULQJ FODPS IOH[LELOLW\ DQG XS WR 
LQFKHV
PP
RILQVXODWLRQ
 $GMXVWDEOH 6WHHO %DQG +DQJHUV
066 7\SH

  )RU VXVSHQVLRQ RI QRQLQVXODWHG
VWDWLRQDU\SLSHV136WR136
'1WR'1

 8%ROWV
066 7\SH

  )RU VXSSRUW RI KHDY\ SLSHV 136 WR 136 '1 WR
'1

 3LSH6DGGOH6XSSRUWV
0667\SH

)RUVXSSRUWRISLSHV136WR136
'1
WR'1

ZLWKVWHHOSLSHEDVHVWDQFKLRQVXSSRUWDQGFDVWLURQIORRUIODQJH  6LQJOH3LSH5ROOV
0667\SH

)RUVXVSHQVLRQRISLSHV136WR136
'1WR
'1
 IURP  URGV LI ORQJLWXGLQDO PRYHPHQW FDXVHG E\ H[SDQVLRQ DQG FRQWUDFWLRQ PLJKWRFFXU
 &RPSOHWH3LSH5ROOV
0667\SH

)RUVXSSRUWRISLSHV136WR136
'1WR
'1
LIORQJLWXGLQDOPRYHPHQWFDXVHGE\H[SDQVLRQDQGFRQWUDFWLRQPLJKWRFFXUEXW YHUWLFDODGMXVWPHQWLVQRWQHFHVVDU\
* 9HUWLFDO3LSLQJ &ODPSV
 8QOHVV RWKHUZLVH LQGLFDWHG DQG H[FHSW DV VSHFLILHG LQ SLSLQJ V\VWHP 6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 ([WHQVLRQ3LSH RU 5LVHU &ODPSV
0667\SH

)RU VXSSRUW RI SLSH ULVHUV 136WR
136
'1WR'1

 &DUERQRU$OOR\6WHHO5LVHU&ODPSV
0667\SH

)RUVXSSRUWRISLSHULVHUV136
WR136
'1WR'1
LIORQJHUHQGVDUHUHTXLUHGIRUULVHUFODPSV
+ +DQJHU5RG$WWDFKPHQWV
8QOHVVRWKHUZLVHLQGLFDWHGDQGH[FHSWDVVSHFLILHGLQSLSLQJV\VWHP 6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 6WHHO7XUQEXFNOHV
0667\SH

)RU DGMXVWPHQW XSWR  LQFKHV
PP
IRU KHDY\
ORDGV
 6WHHO &OHYLVHV
066 7\SH

  )RU  WR  GHJ)

 WR  GHJ&
 SLSLQJ
LQVWDOODWLRQV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
, %XLOGLQJ $WWDFKPHQWV
  8QOHVV RWKHUZLVH LQGLFDWHG DQG H[FHSW DV VSHFLILHG LQ SLSLQJ V\VWHP 6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 6WHHO RU0DOOHDEOH &RQFUHWH,QVHUWV
0667\SH

 )RU XSSHU DWWDFKPHQWWR VXVSHQG
SLSHKDQJHUVIURPFRQFUHWHFHLOLQJ
 7RS%HDP &&ODPSV
066 7\SH

  )RU XVH XQGHU URRI LQVWDOODWLRQV ZLWK EDUMRLVW FRQVWUXFWLRQWRDWWDFKWRWRSIODQJHRIVWUXFWXUDOVKDSH  6LGH%HDPRU&KDQQHO&ODPSV
0667\SH

)RUDWWDFKLQJWRERWWRPIODQJHRIEHDPV
FKDQQHOVRUDQJOHV
 &HQWHU%HDP&ODPSV
0667\SH

)RUDWWDFKLQJWRFHQWHURIERWWRPIODQJHRIEHDPV
 :HOGHG%HDP$WWDFKPHQWV
0667\SH

)RU DWWDFKLQJWR ERWWRP RI EHDPV LI ORDGV
DUHFRQVLGHUDEOHDQGURGVL]HVDUHODUJH
 &&ODPSV
0667\SH

)RUVWUXFWXUDOVKDSHV
 :HOGHG6WHHO%UDFNHWV
)RUVXSSRUWRISLSHVIURPEHORZRUIRUVXVSHQGLQJIURPDERYH E\XVLQJFOLSDQGURG8VHRQHRIWKHIROORZLQJIRULQGLFDWHGORDGV 
D /LJKW
0667\SH

OE
NJ

E 0HGLXP
0667\SH

OE
NJ

F +HDY\
0667\SH

OE
NJ

 6LGH%HDP%UDFNHWV
0667\SH

)RUVLGHVRIVWHHORUZRRGHQEHDPV

 3ODWH/XJV
0667\SH

)RUDWWDFKLQJWRVWHHOEHDPVLIIOH[LELOLW\DWEHDPLVUHTXLUHG - 6DGGOHV DQG 6KLHOGV
  8QOHVV RWKHUZLVH LQGLFDWHG DQG H[FHSW DV VSHFLILHG LQ SLSLQJ V\VWHP 6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 6WHHO 3LSH&RYHULQJ 3URWHFWLRQ 6DGGOHV
066 7\SH

  7R ILOO LQWHULRU YRLGV ZLWK
LQVXODWLRQWKDWPDWFKHVDGMRLQLQJLQVXODWLRQ
 3URWHFWLRQ6KLHOGV
0667\SH

2IOHQJWKUHFRPPHQGHGLQZULWLQJE\PDQXIDFWXUHUWR
SUHYHQWFUXVKLQJLQVXODWLRQ
 7KHUPDO+DQJHU6KLHOG,QVHUWV
)RUVXSSRUWLQJLQVXODWHGSLSH
. 6SULQJ +DQJHUV DQG 6XSSRUWV
  8QOHVV RWKHUZLVH LQGLFDWHG DQG H[FHSW DV VSHFLILHG LQ SLSLQJ V\VWHP6HFWLRQVLQVWDOOWKHIROORZLQJW\SHV

 6SULQJ&XVKLRQV
0667\SH

)RUOLJKWORDGVLIYHUWLFDOPRYHPHQWGRHVQRWH[FHHG LQFKHV
PP

 6SULQJ&XVKLRQ 5ROO +DQJHUV
066 7\SH

  )RU HTXLSSLQJ 7\SH UROO KDQJHU ZLWK
VSULQJV
 9DULDEOH6SULQJ %DVH 6XSSRUWV
066 7\SH

  3UHVHW WR LQGLFDWHG ORDG DQG OLPLW
YDULDELOLW\IDFWRUWRSHUFHQWWRDEVRUEH[SDQVLRQDQGFRQWUDFWLRQRISLSLQJV\VWHPIURP EDVHVXSSRUW
/ &RPSO\ ZLWK 06663
 IRU WUDSH]H SLSH KDQJHU VHOHFWLRQV DQG DSSOLFDWLRQV WKDW DUH QRW VSHFLILHGLQSLSLQJV\VWHP6HFWLRQV
0 &RPSO\ ZLWK 0)0$ IRU PHWDO IUDPLQJ V\VWHP VHOHFWLRQV DQG DSSOLFDWLRQV WKDW DUH QRW VSHFLILHGLQSLSLQJV\VWHP6HFWLRQV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 +$1*(5$1'6833257,167$//$7,21
$ 6WHHO 3LSH +DQJHU ,QVWDOODWLRQ
  &RPSO\ ZLWK 06663
 DQG 06663
  ,QVWDOO KDQJHUV
VXSSRUWV FODPSV DQG DWWDFKPHQWV DV UHTXLUHG WR SURSHUO\ VXSSRUW SLSLQJ IURP EXLOGLQJ VWUXFWXUH
% 7UDSH]H 3LSH +DQJHU ,QVWDOODWLRQ
  &RPSO\ ZLWK 06663
 DQG 06663
  $UUDQJH IRU
JURXSLQJ RI SDUDOOHO UXQV RI KRUL]RQWDO SLSLQJ DQG VXSSRUW WRJHWKHU RQ ILHOGIDEULFDWHG WUDSH]H SLSHKDQJHUV
 3LSHVRI9DULRXV6L]HV
6XSSRUWWRJHWKHUDQG VSDFHWUDSH]HVIRU VPDOOHVW SLSH VL]HRU LQVWDOOLQWHUPHGLDWHVXSSRUWVIRUVPDOOHUGLDPHWHUSLSHVDVVSHFLILHGDERYHIRULQGLYLGXDO SLSHKDQJHUV
 )LHOGIDEULFDWHIURP$670$$0VWHHOVKDSHVVHOHFWHGIRUORDGVEHLQJVXSSRUWHG :HOGVWHHODFFRUGLQJWR$:6'
& 0HWDO)UDPLQJ6\VWHP,QVWDOODWLRQ
$UUDQJHIRUJURXSLQJRISDUDOOHOUXQVRISLSLQJDQGVXSSRUW WRJHWKHURQILHOGDVVHPEOHGPHWDOIUDPLQJV\VWHPV
' 7KHUPDO+DQJHU6KLHOG,QVWDOODWLRQ
,QVWDOOLQSLSHKDQJHURUVKLHOGIRULQVXODWHGSLSLQJ ( )DVWHQHU6\VWHP,QVWDOODWLRQ

 ,QVWDOO SRZGHUDFWXDWHG IDVWHQHUV LQ FRQFUHWH DIWHU FRQFUHWH LV SODFHG DQG FRPSOHWHO\ FXUHG  8VH RSHUDWRUV WKDW DUH OLFHQVHG E\ SRZGHUDFWXDWHG WRRO PDQXIDFWXUHU  ,QVWDOO IDVWHQHUVDFFRUGLQJWRSRZGHUDFWXDWHGWRROPDQXIDFWXUHU VRSHUDWLQJPDQXDO
 ,QVWDOOPHFKDQLFDOH[SDQVLRQDQFKRUVLQFRQFUHWHDIWHUFRQFUHWHLVSODFHGDQGFRPSOHWHO\ FXUHG,QVWDOOIDVWHQHUVDFFRUGLQJWRPDQXIDFWXUHU
VZULWWHQLQVWUXFWLRQV
) ,QVWDOO KDQJHUVDQG VXSSRUWV FRPSOHWHZLWKQHFHVVDU\LQVHUWV EROWV URGVQXWVZDVKHUVDQG RWKHUDFFHVVRULHV
* (TXLSPHQW6XSSRUW,QVWDOODWLRQ
)DEULFDWHIURPZHOGHGVWUXFWXUDOVWHHOVKDSHV
+ ,QVWDOO KDQJHUV DQG VXSSRUWV WR DOORZ FRQWUROOHG WKHUPDO DQG VHLVPLF PRYHPHQW RI SLSLQJ V\VWHPV WR SHUPLW IUHHGRP RI PRYHPHQW EHWZHHQ SLSH DQFKRUV DQG WR IDFLOLWDWH DFWLRQ RI H[SDQVLRQMRLQWVH[SDQVLRQORRSVH[SDQVLRQEHQGVDQGVLPLODUXQLWV , ,QVWDOOODWHUDOEUDFLQJZLWKSLSHKDQJHUVDQGVXSSRUWVWRSUHYHQWVZD\LQJ - ,QVWDOOEXLOGLQJDWWDFKPHQWVZLWKLQFRQFUHWHVODEVRUDWWDFKWRVWUXFWXUDOVWHHO,QVWDOODGGLWLRQDO DWWDFKPHQWV DW FRQFHQWUDWHG ORDGV LQFOXGLQJ YDOYHV IODQJHV DQG VWUDLQHUV >136

'1
@ DQG ODUJHU DQG DW FKDQJHV LQ GLUHFWLRQ RI SLSLQJ  ,QVWDOO FRQFUHWH LQVHUWV EHIRUH FRQFUHWHLVSODFHG
IDVWHQLQVHUWVWRIRUPVDQGLQVWDOOUHLQIRUFLQJEDUVWKURXJKRSHQLQJVDWWRSRI LQVHUWV
. /RDG'LVWULEXWLRQ
,QVWDOOKDQJHUVDQGVXSSRUWVVRSLSLQJOLYHDQGGHDGORDGVDQGVWUHVVHVIURP PRYHPHQWZLOOQRWEHWUDQVPLWWHGWRFRQQHFWHGHTXLSPHQW -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
/ 3LSH6ORSHV
,QVWDOO KDQJHUVDQG VXSSRUWVWRSURYLGHLQGLFDWHGSLSH VORSHV DQG VRPD[LPXP SLSH GHIOHFWLRQV DOORZHG E\ $60(%
IRU SRZHU SLSLQJ
 DQG $60(%

IRU EXLOGLQJ
VHUYLFHVSLSLQJ
DUHQRWH[FHHGHG
0 ,QVXODWHG3LSLQJ
&RPSO\ZLWKWKHIROORZLQJ

 $WWDFKFODPSVDQGVSDFHUVWRSLSLQJ
D 3LSLQJ 2SHUDWLQJ DERYH $PELHQW $LU 7HPSHUDWXUH   &ODPS PD\ SURMHFW WKURXJK
LQVXODWLRQ
E 3LSLQJ 2SHUDWLQJ EHORZ $PELHQW $LU 7HPSHUDWXUH   8VH WKHUPDOKDQJHU VKLHOG
LQVHUWZLWKFODPSVL]HGWRPDWFK2'RILQVHUW
F 'R QRW H[FHHG SLSH VWUHVV OLPLWV DFFRUGLQJWR$60(%IRU SRZHU SLSLQJ DQG $60(%
IRUEXLOGLQJVHUYLFHVSLSLQJ
 ,QVWDOO 06663 7\SH
 SURWHFWLRQ VDGGOHV LI LQVXODWLRQ ZLWKRXW YDSRU EDUULHU LV LQGLFDWHG)LOOLQWHULRUYRLGVZLWKLQVXODWLRQWKDWPDWFKHVDGMRLQLQJLQVXODWLRQ  ,QVWDOO066637\SHSURWHFWLYHVKLHOGVRQFROGSLSLQJZLWKYDSRUEDUULHU6KLHOGV VKDOOVSDQDQDUFRIGHJUHHV
 6KLHOG'LPHQVLRQVIRU3LSH
1RWOHVVWKDQWKHIROORZLQJ

D 136WR136
'1WR'1


LQFKHV
PP
ORQJDQGLQFK

PP
WKLFN
E 136
'1

LQFKHV
PP
ORQJDQGLQFK
PP
WKLFN
F 136DQG136
'1DQG'1

LQFKHV
PP
ORQJDQGLQFK

PP
WKLFN
G 136WR136
'1WR'1

LQFKHV
PP
ORQJDQGLQFK


PP
WKLFN
H 136WR136
'1WR'1

LQFKHV
PP
ORQJDQGLQFK

PP
WKLFN
 3LSHV136
'1
DQG/DUJHU
,QFOXGHZRRGLQVHUWV
 ,QVHUW0DWHULDO
/HQJWKDWOHDVWDVORQJDVSURWHFWLYHVKLHOG
 7KHUPDO+DQJHU6KLHOGV
,QVWDOOZLWKLQVXODWLRQVDPHWKLFNQHVVDVSLSLQJLQVXODWLRQ  (48,30(1768332576
$ )DEULFDWH VWUXFWXUDOVWHHO VWDQGVWR VXVSHQG HTXLSPHQWIURP VWUXFWXUH RYHUKHDG RUWR VXSSRUW HTXLSPHQWDERYHIORRU
% *URXWLQJ
3ODFHJURXWXQGHUVXSSRUWVIRUHTXLSPHQWDQGPDNHVPRRWKEHDULQJVXUIDFH & 3URYLGHODWHUDOEUDFLQJWRSUHYHQWVZD\LQJIRUHTXLSPHQWVXSSRUWV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJH
RI
 0(7$/)$%5,&$7,216
$ &XW GULOO DQG ILW PLVFHOODQHRXV PHWDO IDEULFDWLRQV IRU WUDSH]H SLSH KDQJHUV DQG HTXLSPHQW VXSSRUWV
% )LWH[SRVHGFRQQHFWLRQVWRJHWKHUWRIRUPKDLUOLQHMRLQWV)LHOGZHOGFRQQHFWLRQVWKDWFDQQRWEH VKRSZHOGHGEHFDXVHRIVKLSSLQJVL]HOLPLWDWLRQV
& )LHOG:HOGLQJ
&RPSO\ZLWK$:6'SURFHGXUHVIRUVKLHOGHGPHWDODUFZHOGLQJDSSHDUDQFH DQGTXDOLW\RIZHOGVDQGPHWKRGVXVHGLQFRUUHFWLQJZHOGLQJZRUNDQGZLWKWKHIROORZLQJ 
 8VHPDWHULDOVDQGPHWKRGVWKDWPLQLPL]HGLVWRUWLRQDQGGHYHORSVWUHQJWKDQGFRUURVLRQ UHVLVWDQFHRIEDVHPHWDOV
 2EWDLQIXVLRQZLWKRXWXQGHUFXWRURYHUODS
 5HPRYHZHOGLQJIOX[LPPHGLDWHO\
 )LQLVKZHOGVDWH[SRVHGFRQQHFWLRQVVRQRURXJKQHVVVKRZVDIWHUILQLVKLQJDQGFRQWRXUV RIZHOGHGVXUIDFHVPDWFKDGMDFHQWFRQWRXUV
 $'-867,1*
$ +DQJHU$GMXVWPHQWV
$GMXVWKDQJHUVWRGLVWULEXWHORDGVHTXDOO\RQDWWDFKPHQWVDQGWRDFKLHYH LQGLFDWHGVORSHRISLSH
 3$,17,1*
$ 7RXFK 8S
  &OHDQ ILHOG ZHOGV DQG DEUDGHG DUHDV RI VKRS SDLQW  3DLQW H[SRVHG DUHDV LPPHGLDWHO\ DIWHU HUHFWLQJ KDQJHUV DQG VXSSRUWV  8VH VDPH PDWHULDOV DV XVHG IRU VKRS SDLQWLQJ&RPSO\ZLWK663&3$UHTXLUHPHQWVIRUWRXFKLQJXSILHOGSDLQWHGVXUIDFHV  $SSO\ SDLQW E\ EUXVK RU VSUD\ WR SURYLGH PLQLPXP GU\ ILOP WKLFNQHVV RI  PLOV 
PP

% *DOYDQL]HG 6XUIDFHV
  &OHDQ ZHOGV EROWHG FRQQHFWLRQV DQG DEUDGHG DUHDV DQG DSSO\ JDOYDQL]LQJUHSDLUSDLQWWRFRPSO\ZLWK$670$
(1'2)6(&7,21
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
,17(17,21$//()7%/$1.
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
6(&7,21
9,%5$7,21$1'6(,60,&&21752/6)25+9$&3,3,1*$1'(48,30(17 3$57*(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHVWKHIROORZLQJ

 ,VRODWLRQSDGV
 ,VRODWLRQPRXQWV
 5HVWUDLQHGHODVWRPHULFLVRODWLRQPRXQWV
 )UHHVWDQGLQJDQGUHVWUDLQHGVSULQJLVRODWRUV
 +RXVHGVSULQJPRXQWV
 (ODVWRPHULFKDQJHUV
 6SULQJKDQJHUV
 6SULQJKDQJHUVZLWKYHUWLFDOOLPLWVWRSV

 3LSHULVHUUHVLOLHQWVXSSRUWV
 5HVLOLHQWSLSHJXLGHV
 5HVWUDLQLQJEUDFHVDQGFDEOHV
 68%0,77$/6
$ 3URGXFW'DWD
)RUHDFKSURGXFWLQGLFDWHG
% 'HOHJDWHG'HVLJQ 6XEPLWWDO
  )RU YLEUDWLRQ LVRODWLRQ DQG VHLVPLFUHVWUDLQW FDOFXODWLRQV DQG GHWDLOV LQGLFDWHG WR FRPSO\ ZLWK SHUIRUPDQFH UHTXLUHPHQWV DQG GHVLJQ FULWHULD LQFOXGLQJ DQDO\VLV GDWD VLJQHG DQG VHDOHG E\ WKH TXDOLILHG SURIHVVLRQDO HQJLQHHU UHVSRQVLEOH IRU WKHLU SUHSDUDWLRQ
& :HOGLQJFHUWLILFDWHV
' 4XDOLILFDWLRQ'DWD
)RUSURIHVVLRQDOHQJLQHHU
( )LHOGTXDOLW\FRQWUROWHVWUHSRUWV
 48$/,7<$6685$1&(
$ &RPSO\ZLWKVHLVPLFUHVWUDLQW UHTXLUHPHQWVLQWKH,%&XQOHVV UHTXLUHPHQWVLQWKLV6HFWLRQDUH PRUHVWULQJHQW
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
% :HOGLQJ
4XDOLI\SURFHGXUHVDQGSHUVRQQHODFFRUGLQJWR$:6''06WUXFWXUDO:HOGLQJ &RGH6WHHO
& 6HLVPLFUHVWUDLQWGHYLFHVVKDOOKDYHKRUL]RQWDODQGYHUWLFDOORDGWHVWLQJDQGDQDO\VLVDQGVKDOO EHDU DQFKRUDJH SUHDSSURYDO 23$ QXPEHU IURP 26+3' SUHDSSURYDO E\ ,&&(6 RU SUHDSSURYDOE\DQRWKHUDJHQF\DFFHSWDEOHWRDXWKRULWLHVKDYLQJMXULVGLFWLRQVKRZLQJPD[LPXP VHLVPLFUHVWUDLQWUDWLQJV5DWLQJVEDVHGRQLQGHSHQGHQWWHVWLQJDUHSUHIHUUHGWRUDWLQJVEDVHG RQ FDOFXODWLRQV  ,I SUHDSSURYHG UDWLQJV DUH QRW DYDLODEOH VXEPLWWDOV EDVHG RQ LQGHSHQGHQW WHVWLQJ DUH SUHIHUUHG  &DOFXODWLRQV
LQFOXGLQJ FRPELQLQJ VKHDU DQG WHQVLOH ORDGV
 WR VXSSRUW
VHLVPLFUHVWUDLQWGHVLJQVPXVWEHVLJQHGDQGVHDOHGE\DTXDOLILHGSURIHVVLRQDOHQJLQHHU 3$57352'8&76
 9,%5$7,21,62/$7256
$ $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJ SURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
% 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV SURYLGH SURGXFWV E\ RQH RI WKH

IROORZLQJ

& %DVLVRI'HVLJQ 3URGXFW
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV SURYLGH WKH SURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
 $FH0RXQWLQJV&R,QF
 $PEHU%RRWK&RPSDQ\,QF
 &DOLIRUQLD'\QDPLFV&RUSRUDWLRQ
 ,VRODWLRQ7HFKQRORJ\,QF
 .LQHWLFV1RLVH&RQWURO
 0DVRQ,QGXVWULHV
 9LEUDWLRQ(OLPLQDWRU&R,QF
 9LEUDWLRQ,VRODWLRQ

 9LEUDWLRQ0RXQWLQJV &RQWUROV,QF
' 0RXQWV
  'RXEOHGHIOHFWLRQ W\SH ZLWK PROGHG RLOUHVLVWDQW UXEEHU KHUPHWLFDOO\ VHDOHG FRPSUHVVHG ILEHUJODVV RU QHRSUHQH LVRODWRU HOHPHQWV ZLWK IDFWRU\GULOOHG HQFDSVXODWHG WRS SODWH IRU EROWLQJ WR HTXLSPHQW DQG ZLWK EDVHSODWH IRU EROWLQJ WR VWUXFWXUH  &RORUFRGH RU RWKHUZLVHLGHQWLI\WRLQGLFDWHFDSDFLW\UDQJH
 0DWHULDOV
  &DVWGXFWLOHLURQ RU ZHOGHG VWHHO KRXVLQJ FRQWDLQLQJ WZR VHSDUDWH DQG RSSRVLQJ RLOUHVLVWDQW UXEEHU RU QHRSUHQH HOHPHQWV WKDW SUHYHQW FHQWUDO WKUHDGHG HOHPHQWDQGDWWDFKPHQWKDUGZDUHIURPFRQWDFWLQJWKHKRXVLQJGXULQJQRUPDORSHUDWLRQ  1HRSUHQH
6KRFNDEVRUELQJPDWHULDOVFRPSRXQGHGDFFRUGLQJWRWKHVWDQGDUGIRUEULGJH EHDULQJQHRSUHQHDVGHILQHGE\$$6+72
( 5HVWUDLQHG0RXQWV
$OOGLUHFWLRQDOPRXQWLQJVZLWKVHLVPLFUHVWUDLQW
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 0DWHULDOV
  &DVWGXFWLOHLURQ RU ZHOGHG VWHHO KRXVLQJ FRQWDLQLQJ WZR VHSDUDWH DQG RSSRVLQJ RLOUHVLVWDQW UXEEHU RU QHRSUHQH HOHPHQWV WKDW SUHYHQW FHQWUDO WKUHDGHG HOHPHQWDQGDWWDFKPHQWKDUGZDUHIURPFRQWDFWLQJWKHKRXVLQJGXULQJQRUPDORSHUDWLRQ  1HRSUHQH
6KRFNDEVRUELQJPDWHULDOVFRPSRXQGHGDFFRUGLQJWRWKHVWDQGDUGIRUEULGJH EHDULQJQHRSUHQHDVGHILQHGE\$$6+72
) 6SULQJ,VRODWRUV
)UHHVWDQGLQJODWHUDOO\VWDEOHRSHQVSULQJLVRODWRUV  2XWVLGH 6SULQJ 'LDPHWHU
  1RW OHVV WKDQ  SHUFHQW RI WKH FRPSUHVVHG KHLJKW RI WKH VSULQJDWUDWHGORDG
 0LQLPXP$GGLWLRQDO7UDYHO
SHUFHQWRIWKHUHTXLUHGGHIOHFWLRQDWUDWHGORDG  /DWHUDO6WLIIQHVV
0RUHWKDQSHUFHQWRIUDWHGYHUWLFDOVWLIIQHVV
 2YHUORDG &DSDFLW\
  6XSSRUW  SHUFHQW RI UDWHG ORDG IXOO\ FRPSUHVVHG ZLWKRXW GHIRUPDWLRQRUIDLOXUH
 %DVHSODWHV
)DFWRU\GULOOHGIRUEROWLQJWRVWUXFWXUHDQGERQGHGWRLQFK PP
WKLFN
UXEEHULVRODWRUSDGDWWDFKHGWREDVHSODWHXQGHUVLGH%DVHSODWHVVKDOOOLPLWIORRUORDGWR SVLJ
N3D

 7RS3ODWHDQG$GMXVWPHQW%ROW
7KUHDGHGWRSSODWHZLWKDGMXVWPHQWEROWDQGFDSVFUHZ WRIDVWHQDQGOHYHOHTXLSPHQW
* 5HVWUDLQHG6SULQJ,VRODWRUV
)UHHVWDQGLQJVWHHORSHQVSULQJLVRODWRUVZLWKVHLVPLFRUOLPLWVWRS UHVWUDLQW
 +RXVLQJ
6WHHOZLWKUHVLOLHQWYHUWLFDOOLPLWVWRSVWRSUHYHQWVSULQJH[WHQVLRQGXHWRZHLJKW EHLQJ UHPRYHG
IDFWRU\GULOOHGEDVHSODWHERQGHGWRLQFK
PP
WKLFNQHRSUHQHRU
UXEEHULVRODWRUSDGDWWDFKHGWREDVHSODWHXQGHUVLGH
DQGDGMXVWDEOHHTXLSPHQWPRXQWLQJ
DQGOHYHOLQJEROWWKDWDFWVDVEORFNLQJGXULQJLQVWDOODWLRQ  5HVWUDLQW
  6HLVPLF RU OLPLW VWRS DV UHTXLUHG IRU HTXLSPHQW DQG DXWKRULWLHV KDYLQJ MXULVGLFWLRQ
 2XWVLGH 6SULQJ 'LDPHWHU
  1RW OHVV WKDQ  SHUFHQW RI WKH FRPSUHVVHG KHLJKW RI WKH VSULQJDWUDWHGORDG
 0LQLPXP$GGLWLRQDO7UDYHO
SHUFHQWRIWKHUHTXLUHGGHIOHFWLRQDWUDWHGORDG  /DWHUDO6WLIIQHVV
0RUHWKDQSHUFHQWRIUDWHGYHUWLFDOVWLIIQHVV
 2YHUORDG &DSDFLW\
  6XSSRUW  SHUFHQW RI UDWHG ORDG IXOO\ FRPSUHVVHG ZLWKRXW GHIRUPDWLRQRUIDLOXUH
+ +RXVHG6SULQJ0RXQWV
+RXVHGVSULQJLVRODWRUZLWKLQWHJUDOVHLVPLFVQXEEHUV  +RXVLQJ
'XFWLOHLURQRUVWHHOKRXVLQJWRSURYLGHDOOGLUHFWLRQDOVHLVPLFUHVWUDLQW  %DVH
)DFWRU\GULOOHGIRUEROWLQJWRVWUXFWXUH
 6QXEEHUV
9HUWLFDOO\DGMXVWDEOHWRDOORZDPD[LPXPRILQFK PP
WUDYHOXSRUGRZQ
EHIRUHFRQWDFWLQJDUHVLOLHQWFROODU
, (ODVWRPHULF +DQJHUV
  6LQJOH RU GRXEOHGHIOHFWLRQ W\SH ILWWHG ZLWK PROGHG RLOUHVLVWDQW HODVWRPHULF LVRODWRU HOHPHQWV ERQGHGWR VWHHO KRXVLQJV ZLWKWKUHDGHG FRQQHFWLRQVIRU KDQJHU URGV&RORUFRGHRURWKHUZLVHLGHQWLI\WRLQGLFDWHFDSDFLW\UDQJH - 6SULQJ+DQJHUV
&RPELQDWLRQFRLOVSULQJDQGHODVWRPHULFLQVHUWKDQJHUZLWKVSULQJDQGLQVHUW LQFRPSUHVVLRQ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 )UDPH
  6WHHO IDEULFDWHG IRU FRQQHFWLRQ WR WKUHDGHG KDQJHU URGV DQG WR DOORZ IRU D PD[LPXPRIGHJUHHVRIDQJXODUKDQJHUURGPLVDOLJQPHQWZLWKRXWELQGLQJRUUHGXFLQJ LVRODWLRQHIILFLHQF\
 2XWVLGH 6SULQJ 'LDPHWHU
  1RW OHVV WKDQ  SHUFHQW RI WKH FRPSUHVVHG KHLJKW RI WKH VSULQJDWUDWHGORDG
 0LQLPXP$GGLWLRQDO7UDYHO
SHUFHQWRIWKHUHTXLUHGGHIOHFWLRQDWUDWHGORDG  /DWHUDO6WLIIQHVV
0RUHWKDQSHUFHQWRIUDWHGYHUWLFDOVWLIIQHVV
 2YHUORDG &DSDFLW\
  6XSSRUW  SHUFHQW RI UDWHG ORDG IXOO\ FRPSUHVVHG ZLWKRXW GHIRUPDWLRQRUIDLOXUH
 (ODVWRPHULF(OHPHQW
0ROGHGRLOUHVLVWDQWUXEEHURUQHRSUHQH6WHHOZDVKHUUHLQIRUFHG FXSWRVXSSRUWVSULQJDQGEXVKLQJSURMHFWLQJWKURXJKERWWRPRIIUDPH  6HOIFHQWHULQJ KDQJHU URG FDSWR HQVXUH FRQFHQWULFLW\ EHWZHHQ KDQJHU URG DQG VXSSRUW VSULQJFRLO
. 6SULQJ+DQJHUVZLWK9HUWLFDO/LPLW6WRS
&RPELQDWLRQFRLOVSULQJDQGHODVWRPHULFLQVHUWKDQJHU ZLWKVSULQJDQGLQVHUWLQFRPSUHVVLRQDQGZLWKDYHUWLFDOOLPLWVWRS  )UDPH
  6WHHO IDEULFDWHG IRU FRQQHFWLRQ WR WKUHDGHG KDQJHU URGV DQG WR DOORZ IRU D PD[LPXPRIGHJUHHVRIDQJXODUKDQJHUURGPLVDOLJQPHQWZLWKRXWELQGLQJRUUHGXFLQJ LVRODWLRQHIILFLHQF\
 2XWVLGH 6SULQJ 'LDPHWHU
  1RW OHVV WKDQ  SHUFHQW RI WKH FRPSUHVVHG KHLJKW RI WKH VSULQJDWUDWHGORDG
 0LQLPXP$GGLWLRQDO7UDYHO
SHUFHQWRIWKHUHTXLUHGGHIOHFWLRQDWUDWHGORDG  /DWHUDO6WLIIQHVV
0RUHWKDQSHUFHQWRIUDWHGYHUWLFDOVWLIIQHVV
 2YHUORDG &DSDFLW\
  6XSSRUW  SHUFHQW RI UDWHG ORDG IXOO\ FRPSUHVVHG ZLWKRXW GHIRUPDWLRQRUIDLOXUH
 (ODVWRPHULF(OHPHQW
0ROGHGRLOUHVLVWDQWUXEEHURUQHRSUHQH
 $GMXVWDEOH 9HUWLFDO 6WRS
  6WHHO ZDVKHU ZLWK QHRSUHQH ZDVKHU XSVWRS RQ ORZHU WKUHDGHGURG
 6HOIFHQWHULQJ KDQJHU URG FDSWR HQVXUH FRQFHQWULFLW\ EHWZHHQ KDQJHU URG DQG VXSSRUW VSULQJFRLO
/ 3LSH5LVHU5HVLOLHQW6XSSRUW
$OOGLUHFWLRQDODFRXVWLFDOSLSHDQFKRUFRQVLVWLQJRIVWHHOWXEHV VHSDUDWHG E\ D PLQLPXP RI LQFK
PP
 WKLFN QHRSUHQH  ,QFOXGH VWHHO DQG QHRSUHQH
YHUWLFDOOLPLW VWRSV DUUDQJHGWR SUHYHQW YHUWLFDOWUDYHO LQ ERWK GLUHFWLRQV 'HVLJQ VXSSRUWIRU D PD[LPXPORDGRQWKHLVRODWLRQPDWHULDORISVLJ
03D
DQGIRUHTXDO UHVLVWDQFHLQDOO
GLUHFWLRQV
0 5HVLOLHQW 3LSH *XLGHV
  7HOHVFRSLF DUUDQJHPHQW RI  VWHHO WXEHV RU SRVW DQG VOHHYH DUUDQJHPHQWVHSDUDWHGE\DPLQLPXPRILQFK
PP
WKLFNQHRSUHQH:KHUHFOHDUDQFHV
DUHQRWUHDGLO\YLVLEOHDIDFWRU\VHWJXLGHKHLJKWZLWKDVKHDUSLQWRDOORZYHUWLFDOPRWLRQGXHWR SLSHH[SDQVLRQDQGFRQWUDFWLRQVKDOOEHILWWHG6KHDUSLQVKDOOEHUHPRYDEOHDQGUHLQVHUWDEOHWR DOORZ IRU VHOHFWLRQ RI SLSH PRYHPHQW  *XLGHV VKDOO EH FDSDEOH RI PRWLRQ WR PHHW ORFDWLRQ UHTXLUHPHQWV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 6(,60,&5(675$,17'(9,&(6
$ $YDLODEOH 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV PDQXIDFWXUHUV RIIHULQJ SURGXFWVWKDWPD\EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
% 0DQXIDFWXUHUV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV SURYLGH SURGXFWV E\ RQH RI WKH

IROORZLQJ

& %DVLVRI'HVLJQ 3URGXFW
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV SURYLGH WKH SURGXFW LQGLFDWHGRQ'UDZLQJVRUDFRPSDUDEOHSURGXFWE\RQHRIWKHIROORZLQJ 
 $PEHU%RRWK&RPSDQ\,QF
 &DOLIRUQLD'\QDPLFV&RUSRUDWLRQ
 &RRSHU%/LQH,QF
DGLYLVLRQRI&RRSHU,QGXVWULHV
 +LOWL,QF
 .LQHWLFV1RLVH&RQWURO
 /RRV &R
&DEOHZDUH'LYLVLRQ
 0DVRQ,QGXVWULHV
 72/&2,QFRUSRUDWHG
DEUDQGRI1,%&2,1&

 8QLVWUXW
7\FR,QWHUQDWLRQDO/WG
' *HQHUDO5HTXLUHPHQWVIRU5HVWUDLQW&RPSRQHQWV
5DWHGVWUHQJWKVIHDWXUHVDQGDSSOLFDWLRQV
VKDOOEHDVGHILQHGLQUHSRUWVE\DQHYDOXDWLRQVHUYLFHPHPEHURI,&&(6  6WUXFWXUDO 6DIHW\ )DFWRU
  $OORZDEOH VWUHQJWK LQ WHQVLRQ VKHDU DQG SXOORXW IRUFH RI FRPSRQHQWVVKDOOEHDWOHDVWIRXUWLPHVWKHPD[LPXPVHLVPLFIRUFHVWRZKLFKWKH\ZLOO EHVXEMHFWHG
( &KDQQHO6XSSRUW6\VWHP
0)0$VKRSRUILHOGIDEULFDWHGVXSSRUWDVVHPEO\PDGHRIVORWWHG VWHHOFKDQQHOVZLWKDFFHVVRULHVIRUDWWDFKPHQWWREUDFHGFRPSRQHQWDWRQHHQGDQGWREXLOGLQJ VWUXFWXUHDWWKHRWKHUHQGDQGRWKHUPDWFKLQJFRPSRQHQWVDQGZLWKFRUURVLRQUHVLVWDQWFRDWLQJ 
DQGUDWHGLQWHQVLRQFRPSUHVVLRQDQGWRUVLRQIRUFHV ) 5HVWUDLQW &DEOHV
  $670$ JDOYDQL]HGVWHHO FDEOHV ZLWK HQG FRQQHFWLRQV PDGH RI VWHHO DVVHPEOLHVZLWKWKLPEOHVEUDFNHWVVZLYHODQGEROWVGHVLJQHGIRUUHVWUDLQLQJFDEOHVHUYLFH DQG
ZLWKDPLQLPXPRIWZRFODPSLQJEROWVIRUFDEOHHQJDJHPHQW * +DQJHU5RG6WLIIHQHU
6WHHOWXEH RU VWHHO VORWWHGVXSSRUWV\VWHP VOHHYH ZLWKLQWHUQDOO\EROWHG FRQQHFWLRQVRU5HLQIRUFLQJVWHHODQJOHFODPSHGWRKDQJHUURG + %XVKLQJV IRU )ORRU0RXQWHG (TXLSPHQW $QFKRU %ROWV   1HRSUHQH EXVKLQJV GHVLJQHG IRU ULJLG
HTXLSPHQWPRXQWLQJVDQGPDWFKHGWRW\SHDQGVL]HRIDQFKRUEROWVDQGVWXGV , 5HVLOLHQW ,VRODWLRQ :DVKHUV DQG %XVKLQJV
  2QHSLHFH PROGHG RLO DQG ZDWHUUHVLVWDQW
QHRSUHQHZLWKDIODWZDVKHUIDFH
- 0HFKDQLFDO$QFKRU%ROWV
'ULOOHGLQDQGVWXGZHGJHRUIHPDOHZHGJHW\SHLQ]LQFFRDWHGVWHHO IRU LQWHULRU DSSOLFDWLRQV DQG VWDLQOHVV VWHHO IRU H[WHULRU DSSOLFDWLRQV  6HOHFW DQFKRU EROWV ZLWK -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
VWUHQJWKUHTXLUHGIRUDQFKRUDQGDVWHVWHGDFFRUGLQJWR$670(0LQLPXPOHQJWKRIHLJKW WLPHVGLDPHWHU
3$57(;(&87,21
 $33/,&$7,216
$ 0XOWLSOH3LSH6XSSRUWV
6HFXUHSLSHVWRWUDSH]HPHPEHUZLWKFODPSVDSSURYHGIRUDSSOLFDWLRQ E\DQHYDOXDWLRQVHUYLFHPHPEHURI,&&(6
% +DQJHU5RG6WLIIHQHUV
,QVWDOOKDQJHUURGVWLIIHQHUVZKHUHLQGLFDWHGRUVFKHGXOHGRQ'UDZLQJV WRUHFHLYHWKHPDQGZKHUHUHTXLUHGWRSUHYHQWEXFNOLQJRIKDQJHUURGVGXHWRVHLVPLFIRUFHV & 6WUHQJWK RI 6XSSRUW DQG 6HLVPLF5HVWUDLQW $VVHPEOLHV  :KHUH QRW LQGLFDWHG VHOHFW VL]HV RI
FRPSRQHQWV VR VWUHQJWKZLOOEHDGHTXDWHWR FDUU\SUHVHQWDQGIXWXUH VWDWLFDQG VHLVPLFORDGV ZLWKLQVSHFLILHGORDGLQJOLPLWV
 9,%5$7,21&21752/$1'6(,60,&5(675$,17'(9,&(,167$//$7,21 $ &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ 6HFWLRQ 5RRI $FFHVVRULHV IRU LQVWDOODWLRQ RI URRI FXUEVHTXLSPHQWVXSSRUWVDQGURRISHQHWUDWLRQV
% (TXLSPHQW5HVWUDLQWV

 ,QVWDOO UHVLOLHQW EROW LVRODWLRQ ZDVKHUV RQ HTXLSPHQW DQFKRU EROWV ZKHUH FOHDUDQFH EHWZHHQDQFKRUDQGDGMDFHQWVXUIDFHH[FHHGVLQFK PP

 ,QVWDOO VHLVPLFUHVWUDLQW GHYLFHV XVLQJ PHWKRGV DSSURYHG E\ DQ HYDOXDWLRQ VHUYLFH PHPEHURI,&&(6SURYLGLQJUHTXLUHGVXEPLWWDOVIRUFRPSRQHQW & 3LSLQJ5HVWUDLQWV

 &RPSO\ZLWKUHTXLUHPHQWVLQ06663
 6SDFH ODWHUDO VXSSRUWV D PD[LPXP RI  IHHW P
 RF DQG ORQJLWXGLQDO VXSSRUWV D
PD[LPXPRIIHHW
P
RF
 %UDFHDFKDQJHRIGLUHFWLRQORQJHUWKDQIHHW
P

' ,QVWDOOFDEOHVVRWKH\GRQRWEHQGDFURVVHGJHVRIDGMDFHQWHTXLSPHQWRUEXLOGLQJVWUXFWXUH ( ,QVWDOO VHLVPLFUHVWUDLQW GHYLFHV XVLQJPHWKRGV DSSURYHG E\DQ HYDOXDWLRQ VHUYLFHPHPEHU RI ,&&(6SURYLGLQJUHTXLUHGVXEPLWWDOVIRUFRPSRQHQW
) ,QVWDOO EXVKLQJ DVVHPEOLHV IRU DQFKRU EROWV IRU IORRUPRXQWHG HTXLSPHQW DUUDQJHG WR SURYLGH UHVLOLHQWPHGLDEHWZHHQDQFKRUEROWDQGPRXQWLQJKROHLQFRQFUHWHEDVH * $WWDFKPHQWWR6WUXFWXUH
,IVSHFLILFDWWDFKPHQWLVQRWLQGLFDWHGDQFKRUEUDFLQJWRVWUXFWXUHDW IODQJHVRIEHDPVDWXSSHUWUXVVFKRUGVRIEDUMRLVWVRUDWFRQFUHWHPHPEHUV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
+ 'ULOOHGLQ$QFKRUV

 ,GHQWLI\SRVLWLRQRI UHLQIRUFLQJ VWHHODQG RWKHUHPEHGGHGLWHPVSULRUWRGULOOLQJKROHVIRU DQFKRUV'RQRWGDPDJHH[LVWLQJUHLQIRUFLQJRUHPEHGGHGLWHPVGXULQJFRULQJRUGULOOLQJ 1RWLI\ WKH VWUXFWXUDO HQJLQHHU LI UHLQIRUFLQJ VWHHO RU RWKHU HPEHGGHG LWHPV DUH HQFRXQWHUHG GXULQJ GULOOLQJ  /RFDWH DQG DYRLG SUHVWUHVVHG WHQGRQV HOHFWULFDO DQG WHOHFRPPXQLFDWLRQVFRQGXLWDQGJDVOLQHV
 'RQRWGULOOKROHVLQFRQFUHWHRUPDVRQU\XQWLOFRQFUHWHPRUWDURUJURXWKDVDFKLHYHGIXOO GHVLJQVWUHQJWK
 :HGJH $QFKRUV
 3URWHFWWKUHDGVIURP GDPDJH GXULQJ DQFKRU LQVWDOODWLRQ +HDY\GXW\ VOHHYH DQFKRUV VKDOO EH LQVWDOOHG ZLWK VOHHYHIXOO\ HQJDJHG LQWKH VWUXFWXUDO HOHPHQWWR ZKLFKDQFKRULVWREHIDVWHQHG
 6HWDQFKRUVWRPDQXIDFWXUHU
VUHFRPPHQGHGWRUTXHXVLQJDWRUTXHZUHQFK
 ,QVWDOO ]LQFFRDWHG VWHHO DQFKRUV IRU LQWHULRU DQG VWDLQOHVVVWHHO DQFKRUV IRU H[WHULRU DSSOLFDWLRQV
 $&&2002'$7,212)',))(5(17,$/6(,60,&027,21
$ ,QVWDOOIOH[LEOHFRQQHFWLRQVLQSLSLQJZKHUHWKH\FURVVVHLVPLFMRLQWVZKHUHDGMDFHQWVHFWLRQVRU EUDQFKHVDUHVXSSRUWHGE\GLIIHUHQWVWUXFWXUDOHOHPHQWVDQGZKHUHWKHFRQQHFWLRQVWHUPLQDWH ZLWK FRQQHFWLRQ WR HTXLSPHQW WKDW LV DQFKRUHG WR D GLIIHUHQW VWUXFWXUDO HOHPHQW IURP WKH RQH VXSSRUWLQJ WKH FRQQHFWLRQV DV WKH\ DSSURDFK HTXLSPHQW  &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ6HFWLRQ+\GURQLF3LSLQJIRUSLSLQJIOH[LEOHFRQQHFWLRQV  ),(/'48$/,7<&21752/
$ 3HUIRUPWHVWVDQGLQVSHFWLRQV
% 7HVWVDQG,QVSHFWLRQV

 3URYLGHHYLGHQFHRI UHFHQWFDOLEUDWLRQRIWHVWHTXLSPHQWE\DWHVWLQJDJHQF\DFFHSWDEOH WRDXWKRULWLHVKDYLQJMXULVGLFWLRQ
 6FKHGXOH WHVW ZLWK 2ZQHU WKURXJK $UFKLWHFW EHIRUH FRQQHFWLQJ DQFKRUDJH GHYLFH WR UHVWUDLQHG FRPSRQHQW
XQOHVV SRVWFRQQHFWLRQ WHVWLQJ KDV EHHQ DSSURYHG
 DQG ZLWK DW
OHDVWVHYHQGD\V
DGYDQFHQRWLFH
 2EWDLQ$UFKLWHFW
VDSSURYDOEHIRUHWUDQVPLWWLQJWHVWORDGVWRVWUXFWXUH3URYLGHWHPSRUDU\ ORDGVSUHDGLQJPHPEHUV
 7HVW DW OHDVW >IRXU@ ,QVHUW QXPEHU! RI HDFK W\SH DQG VL]H RI LQVWDOOHG DQFKRUV DQG IDVWHQHUVVHOHFWHGE\$UFKLWHFW
 7HVWWR
SHUFHQWRIUDWHGSURRIORDGRIGHYLFH
 0HDVXUHLVRODWRUUHVWUDLQWFOHDUDQFH
 0HDVXUHLVRODWRUGHIOHFWLRQ
 ,I D GHYLFH IDLOV WHVW PRGLI\ DOO LQVWDOODWLRQV RI VDPH W\SH DQG UHWHVW XQWLO VDWLVIDFWRU\ UHVXOWVDUHDFKLHYHG
& 5HPRYHDQGUHSODFHPDOIXQFWLRQLQJXQLWVDQGUHWHVWDVVSHFLILHGDERYH -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
' 3UHSDUHWHVWDQGLQVSHFWLRQUHSRUWV
 $'-867,1*
$ $GMXVWLVRODWRUVDIWHUSLSLQJV\VWHPLVDWRSHUDWLQJZHLJKW % $GMXVWOLPLWVWRSVRQUHVWUDLQHGVSULQJLVRODWRUVWRPRXQWHTXLSPHQWDWQRUPDORSHUDWLQJKHLJKW $IWHU HTXLSPHQW LQVWDOODWLRQ LV FRPSOHWH DGMXVW OLPLW VWRSV VR WKH\ DUH RXW RI FRQWDFW GXULQJ QRUPDORSHUDWLRQ
& $GMXVWDFWLYHKHLJKWRIVSULQJLVRODWRUV
' $GMXVWUHVWUDLQWVWRSHUPLWIUHHPRYHPHQWRIHTXLSPHQWZLWKLQQRUPDOPRGHRIRSHUDWLRQ (1'2)6(&7,21
7KLV3DJH%ODQN
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
6(&7,21

7(67,1*$'-867,1*$1'%$/$1&,1*)25+9$&
3$57*(1(5$/
 6800$5<
$ 7KLV6HFWLRQLQFOXGHV7$%WRSURGXFHGHVLJQREMHFWLYHVIRUWKHIROORZLQJ 
 $LU6\VWHPV

D &RQVWDQWYROXPHDLUV\VWHPV
E 9DULDEOHDLUYROXPHV\VWHPV
F 0XOWL]RQHV\VWHPV
 +\GURQLF3LSLQJ6\VWHPV

D &RQVWDQWIORZV\VWHPV
E 9DULDEOHIORZV\VWHPV
 +9$&HTXLSPHQWTXDQWLWDWLYHSHUIRUPDQFHVHWWLQJV
 .LWFKHQKRRGDLUIORZEDODQFLQJ
 9HULI\LQJWKDWDXWRPDWLFFRQWUROGHYLFHVDUHIXQFWLRQLQJSURSHUO\  5HSRUWLQJUHVXOWVRIDFWLYLWLHVDQGSURFHGXUHVVSHFLILHGLQWKLV6HFWLRQ  68%0,77$/6
$ 6WUDWHJLHVDQG3URFHGXUHV3ODQ
:LWKLQGD\VIURP&RQWUDFWRU
V1RWLFHWR3URFHHGVXEPLW
FRSLHV RI 7$% VWUDWHJLHV DQG VWHSE\VWHS SURFHGXUHV DV VSHFLILHG LQ 3DUW 3UHSDUDWLRQ $UWLFOH,QFOXGHDFRPSOHWHVHWRIUHSRUWIRUPVLQWHQGHGIRUXVHRQWKLV3URMHFW % &HUWLILHG7$%5HSRUWV
6XEPLWWZRFRSLHVRIUHSRUWVSUHSDUHGDVVSHFLILHGLQWKLV6HFWLRQRQ DSSURYHGIRUPVFHUWLILHGE\7$%ILUP
& :DUUDQWLHVVSHFLILHGLQWKLV6HFWLRQ
 48$/,7<$6685$1&(
$ 7$%)LUP4XDOLILFDWLRQV
(QJDJHD7$%ILUPFHUWLILHGE\$$%&1(%%RU7$%%
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
% &HUWLILFDWLRQ RI 7$% 5HSRUWV
  &HUWLI\ 7$% ILHOG GDWD UHSRUWV  7KLV FHUWLILFDWLRQ LQFOXGHV WKH

IROORZLQJ

 5HYLHZ ILHOG GDWD UHSRUWV WR YDOLGDWH DFFXUDF\ RI GDWD DQG WR SUHSDUH FHUWLILHG 7$% UHSRUWV
 &HUWLI\ WKDW 7$% WHDP FRPSOLHG ZLWK DSSURYHG 7$% SODQ DQG WKH SURFHGXUHV VSHFLILHG DQGUHIHUHQFHGLQWKLV6SHFLILFDWLRQ
& 7$% 5HSRUW )RUPV
  8VH VWDQGDUG IRUPV IURP $$%&
V 1DWLRQDO 6WDQGDUGV IRU 7HVWLQJ DQG
%DODQFLQJ+HDWLQJ9HQWLODWLQJDQG$LU&RQGLWLRQLQJ6\VWHPVRU1(%% V3URFHGXUDO6WDQGDUGV
IRU7HVWLQJ$GMXVWLQJDQG%DODQFLQJRI(QYLURQPHQWDO6\VWHPV  352-(&7&21',7,216
$ )XOO 2ZQHU 2FFXSDQF\
  2ZQHU ZLOO RFFXS\ WKH VLWH DQG H[LVWLQJ EXLOGLQJ GXULQJ HQWLUH 7$% SHULRG  &RRSHUDWH ZLWK 2ZQHU GXULQJ 7$% RSHUDWLRQV WR PLQLPL]H FRQIOLFWV ZLWK 2ZQHU V
RSHUDWLRQV
% 3DUWLDO2ZQHU2FFXSDQF\
2ZQHUPD\RFFXS\FRPSOHWHGDUHDVRIEXLOGLQJEHIRUH6XEVWDQWLDO &RPSOHWLRQ&RRSHUDWHZLWK2ZQHUGXULQJ7$%RSHUDWLRQVWRPLQLPL]HFRQIOLFWVZLWK2ZQHU V
RSHUDWLRQV
 &225',1$7,21
$ &RRUGLQDWHWKHHIIRUWVRIIDFWRU\DXWKRUL]HGVHUYLFHUHSUHVHQWDWLYHVIRUV\VWHPVDQGHTXLSPHQW +9$& FRQWUROV LQVWDOOHUV DQG RWKHU PHFKDQLFV WR RSHUDWH +9$& V\VWHPV DQG HTXLSPHQW WR VXSSRUWDQGDVVLVW7$%DFWLYLWLHV
% 3HUIRUP7$%DIWHUOHDNDJHDQGSUHVVXUHWHVWVRQDLUDQGZDWHUGLVWULEXWLRQV\VWHPVKDYHEHHQ VDWLVIDFWRULO\FRPSOHWHG
 :$55$17<
$ 1DWLRQDO3URMHFW3HUIRUPDQFH*XDUDQWHH
3URYLGHDJXDUDQWHHRQ$$%&
V1DWLRQDO6WDQGDUGV
IRU7HVWLQJDQG%DODQFLQJ+HDWLQJ9HQWLODWLQJDQG$LU&RQGLWLRQLQJ6\VWHPVIRUPVVWDWLQJWKDW $$%& ZLOO DVVLVW LQ FRPSOHWLQJ UHTXLUHPHQWV RI WKH &RQWUDFW 'RFXPHQWV LI 7$% ILUP IDLOV WR FRPSO\ZLWKWKH&RQWUDFW'RFXPHQWV*XDUDQWHHLQFOXGHVWKHIROORZLQJSURYLVLRQV 
 7KH FHUWLILHG 7$% ILUP KDV WHVWHG DQG EDODQFHG V\VWHPV DFFRUGLQJ WR WKH &RQWUDFW 'RFXPHQWV
 6\VWHPVDUHEDODQFHGWRRSWLPXPSHUIRUPDQFHFDSDELOLWLHVZLWKLQGHVLJQDQGLQVWDOODWLRQ OLPLWV
% 6SHFLDO *XDUDQWHH
  3URYLGH D JXDUDQWHH RQ 1(%% IRUPV VWDWLQJ WKDW 1(%% ZLOO DVVLVW LQ FRPSOHWLQJUHTXLUHPHQWVRIWKH&RQWUDFW'RFXPHQWVLI7$%ILUPIDLOVWRFRPSO\ZLWKWKH&RQWUDFW 'RFXPHQWV*XDUDQWHHVKDOOLQFOXGHWKHIROORZLQJSURYLVLRQV 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 7KH FHUWLILHG 7$% ILUP KDV WHVWHG DQG EDODQFHG V\VWHPV DFFRUGLQJ WR WKH &RQWUDFW 'RFXPHQWV
 6\VWHPVDUHEDODQFHGWRRSWLPXPSHUIRUPDQFHFDSDELOLWLHVZLWKLQGHVLJQDQGLQVWDOODWLRQ OLPLWV
3$57(;(&87,21
 (;$0,1$7,21
$ ([DPLQHWKH&RQWUDFW'RFXPHQWVWREHFRPHIDPLOLDUZLWK3URMHFWUHTXLUHPHQWVDQGWRGLVFRYHU FRQGLWLRQVLQV\VWHPV
GHVLJQVWKDWPD\SUHFOXGHSURSHU7$%RIV\VWHPVDQGHTXLSPHQW  9HULI\WKDW EDODQFLQJ GHYLFHV VXFK DVWHVW SRUWV JDJH FRFNVWKHUPRPHWHU ZHOOVIORZ FRQWUROGHYLFHVEDODQFLQJYDOYHVDQGILWWLQJVDQGPDQXDOYROXPHGDPSHUVDUHUHTXLUHG E\ WKH &RQWUDFW 'RFXPHQWV  9HULI\ WKDW TXDQWLWLHV DQG ORFDWLRQV RI WKHVH EDODQFLQJ GHYLFHV DUH DFFHVVLEOH DQG DSSURSULDWH IRU HIIHFWLYH EDODQFLQJ DQG IRU HIILFLHQW V\VWHP DQGHTXLSPHQWRSHUDWLRQ
% ([DPLQHDSSURYHGVXEPLWWDOGDWDRI+9$&V\VWHPVDQGHTXLSPHQW & ([DPLQH 3URMHFW 5HFRUG 'RFXPHQWV GHVFULEHG LQ 'LYLVLRQ 6HFWLRQ 3URMHFW 5HFRUG 'RFXPHQWV
' ([DPLQHGHVLJQGDWDLQFOXGLQJ+9$&V\VWHPGHVFULSWLRQVVWDWHPHQWVRIGHVLJQDVVXPSWLRQV IRU HQYLURQPHQWDO FRQGLWLRQV DQG V\VWHPV
 RXWSXW DQG VWDWHPHQWV RI SKLORVRSKLHV DQG
DVVXPSWLRQVDERXW+9$&V\VWHPDQGHTXLSPHQWFRQWUROV
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
 RU LQ60$&1$
V +9$&6\VWHPV'XFW 'HVLJQ
6HFWLRQVDQG&RPSDUHWKLVGDWDZLWKWKHGHVLJQGDWDDQGLQVWDOOHGFRQGLWLRQV ) ([DPLQH V\VWHP DQGHTXLSPHQWLQVWDOODWLRQVWR YHULI\WKDWWKH\DUH FRPSOHWHDQGWKDWWHVWLQJ FOHDQLQJDGMXVWLQJDQGFRPPLVVLRQLQJVSHFLILHGLQLQGLYLGXDO6HFWLRQVKDYHEHHQSHUIRUPHG * ([DPLQHV\VWHPDQGHTXLSPHQWWHVWUHSRUWV
+ ([DPLQH +9$& V\VWHPDQGHTXLSPHQWLQVWDOODWLRQVWR YHULI\WKDWLQGLFDWHG EDODQFLQJ GHYLFHV VXFKDVWHVWSRUWVJDJHFRFNVWKHUPRPHWHUZHOOVIORZFRQWUROGHYLFHVEDODQFLQJYDOYHVDQG ILWWLQJV DQG PDQXDO YROXPH GDPSHUV DUH SURSHUO\ LQVWDOOHG DQG WKDW WKHLU ORFDWLRQV DUH DFFHVVLEOH DQG DSSURSULDWH IRU HIIHFWLYH EDODQFLQJ DQG IRU HIILFLHQW V\VWHP DQG HTXLSPHQW RSHUDWLRQ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
, ([DPLQH V\VWHPV IRU IXQFWLRQDO GHILFLHQFLHV WKDW FDQQRW EH FRUUHFWHG E\ DGMXVWLQJ DQG EDODQFLQJ
- ([DPLQH +9$& HTXLSPHQW WR HQVXUH WKDW FOHDQ ILOWHUV KDYH EHHQ LQVWDOOHG EHDULQJV DUH JUHDVHG EHOWV DUH DOLJQHG DQG WLJKW DQG HTXLSPHQW ZLWK IXQFWLRQLQJ FRQWUROV LV UHDG\ IRU RSHUDWLRQ
. ([DPLQH WHUPLQDO XQLWV VXFK DV YDULDEOHDLUYROXPH ER[HV WR YHULI\ WKDW WKH\ DUH DFFHVVLEOH DQGWKHLUFRQWUROVDUHFRQQHFWHGDQGIXQFWLRQLQJ
/ ([DPLQH SOHQXP FHLOLQJV XVHG IRU VXSSO\ DLU WR YHULI\ WKDW WKH\ DUH DLUWLJKW  9HULI\ WKDW SLSH SHQHWUDWLRQVDQGRWKHUKROHVDUHVHDOHG
0 ([DPLQHVWUDLQHUVIRUFOHDQVFUHHQVDQGSURSHUSHUIRUDWLRQV 1 ([DPLQHWKUHHZD\YDOYHVIRUSURSHULQVWDOODWLRQIRUWKHLULQWHQGHGIXQFWLRQRIGLYHUWLQJRUPL[LQJ IOXLGIORZV
2 ([DPLQHKHDWWUDQVIHUFRLOVIRUFRUUHFWSLSLQJFRQQHFWLRQVDQGIRUFOHDQDQGVWUDLJKWILQV 3 ([DPLQHV\VWHPSXPSVWRHQVXUHDEVHQFHRIHQWUDLQHGDLULQWKHVXFWLRQSLSLQJ 4 ([DPLQHHTXLSPHQWIRULQVWDOODWLRQDQGIRUSURSHUO\RSHUDWLQJVDIHW\LQWHUORFNVDQGFRQWUROV 5 ([DPLQHDXWRPDWLFWHPSHUDWXUHV\VWHPFRPSRQHQWVWRYHULI\WKHIROORZLQJ 
 'DPSHUVYDOYHVDQGRWKHUFRQWUROOHGGHYLFHVDUHRSHUDWHGE\WKHLQWHQGHGFRQWUROOHU  'DPSHUVDQGYDOYHVDUHLQWKHSRVLWLRQLQGLFDWHGE\WKHFRQWUROOHU  ,QWHJULW\RIYDOYHVDQGGDPSHUVIRUIUHHDQGIXOORSHUDWLRQDQGIRUWLJKWQHVVRIIXOO\FORVHG DQGIXOO\ RSHQ SRVLWLRQV 7KLV LQFOXGHV GDPSHUV LQ PXOWL]RQH XQLWVPL[LQJ ER[HV DQG YDULDEOHDLUYROXPHWHUPLQDOV
 $XWRPDWLFPRGXODWLQJDQGVKXWRIIYDOYHVLQFOXGLQJWZRZD\YDOYHVDQGWKUHHZD\PL[LQJ DQGGLYHUWLQJYDOYHVDUHSURSHUO\FRQQHFWHG
 7KHUPRVWDWVDQGKXPLGLVWDWVDUHORFDWHGWRDYRLGDGYHUVHHIIHFWVRIVXQOLJKWGUDIWVDQG FROGZDOOV
 6HQVRUVDUHORFDWHGWRVHQVHRQO\WKHLQWHQGHGFRQGLWLRQV  6HTXHQFHRIRSHUDWLRQIRUFRQWUROPRGHVLVDFFRUGLQJWRWKH&RQWUDFW'RFXPHQWV  &RQWUROOHUVHWSRLQWVDUHVHWDWLQGLFDWHGYDOXHV

 ,QWHUORFNHGV\VWHPVDUHRSHUDWLQJ
 &KDQJHRYHUIURPKHDWLQJWRFRROLQJPRGHRFFXUVDFFRUGLQJWRLQGLFDWHGYDOXHV 6 5HSRUW GHILFLHQFLHV GLVFRYHUHG EHIRUH DQG GXULQJ SHUIRUPDQFH RI 7$% SURFHGXUHV  2EVHUYH DQGUHFRUGV\VWHPUHDFWLRQVWRFKDQJHVLQFRQGLWLRQV5HFRUGGHIDXOWVHWSRLQWVLIGLIIHUHQWIURP LQGLFDWHGYDOXHV
 35(3$5$7,21
$ 3UHSDUHD7$%SODQWKDWLQFOXGHVVWUDWHJLHVDQGVWHSE\VWHSSURFHGXUHV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
% &RPSOHWHV\VWHPUHDGLQHVVFKHFNVDQGSUHSDUHV\VWHPUHDGLQHVVUHSRUWV9HULI\WKHIROORZLQJ 
 3HUPDQHQWHOHFWULFDOSRZHUZLULQJLVFRPSOHWH
 +\GURQLFV\VWHPVDUHILOOHGFOHDQDQGIUHHRIDLU  $XWRPDWLFWHPSHUDWXUHFRQWUROV\VWHPVDUHRSHUDWLRQDO  (TXLSPHQWDQGGXFWDFFHVVGRRUVDUHVHFXUHO\FORVHG  %DODQFHVPRNHDQGILUHGDPSHUVDUHRSHQ
 ,VRODWLQJDQGEDODQFLQJYDOYHVDUHRSHQDQGFRQWUROYDOYHVDUHRSHUDWLRQDO  &HLOLQJV DUH LQVWDOOHG LQ FULWLFDO DUHDV ZKHUH DLUSDWWHUQ DGMXVWPHQWV DUH UHTXLUHG DQG DFFHVVWREDODQFLQJGHYLFHVLVSURYLGHG
 :LQGRZVDQGGRRUVFDQEHFORVHGVRLQGLFDWHGFRQGLWLRQVIRUV\VWHPRSHUDWLRQVFDQEH PHW
 *(1(5$/352&('85(6)257(67,1*$1'%$/$1&,1*
$ 3HUIRUP WHVWLQJ DQG EDODQFLQJ SURFHGXUHV RQ HDFK V\VWHP DFFRUGLQJ WR WKH SURFHGXUHV FRQWDLQHG LQ$$%&
V 1DWLRQDO 6WDQGDUGVIRU 7HVWLQJ DQG %DODQFLQJ +HDWLQJ 9HQWLODWLQJ DQG $LU &RQGLWLRQLQJ 6\VWHPV´ RU 1(%%
V 3URFHGXUDO 6WDQGDUGV IRU 7HVWLQJ $GMXVWLQJ DQG %DODQFLQJRI(QYLURQPHQWDO6\VWHPVDQGWKLV6HFWLRQ
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
$ 3UHSDUH WHVW UHSRUWV IRU ERWK IDQV DQG RXWOHWV  2EWDLQ PDQXIDFWXUHU V RXWOHW IDFWRUV DQG
UHFRPPHQGHGWHVWLQJSURFHGXUHV&URVVFKHFNWKHVXPPDWLRQRIUHTXLUHGRXWOHWYROXPHVZLWK UHTXLUHGIDQYROXPHV
% 3UHSDUHVFKHPDWLFGLDJUDPVRIV\VWHPV
DVEXLOWGXFWOD\RXWV
& )RUYDULDEOHDLUYROXPHV\VWHPVGHYHORSDSODQWRVLPXODWHGLYHUVLW\ ' 'HWHUPLQHWKHEHVWORFDWLRQVLQPDLQDQGEUDQFKGXFWVIRUDFFXUDWHGXFWDLUIORZPHDVXUHPHQWV ( &KHFNDLUIORZSDWWHUQVIURPWKHRXWVLGHDLUORXYHUVDQGGDPSHUVDQGWKHUHWXUQDQGH[KDXVWDLU GDPSHUVWKURXJKWKHVXSSO\IDQGLVFKDUJHDQGPL[LQJGDPSHUV ) /RFDWHVWDUWVWRSDQGGLVFRQQHFWVZLWFKHVHOHFWULFDOLQWHUORFNVDQGPRWRUVWDUWHUV * 9HULI\WKDWPRWRUVWDUWHUVDUHHTXLSSHGZLWKSURSHUO\VL]HGWKHUPDOSURWHFWLRQ -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
+ &KHFNGDPSHUVIRUSURSHUSRVLWLRQWRDFKLHYHGHVLUHGDLUIORZSDWK , &KHFNIRUDLUIORZEORFNDJHV
- &KHFNFRQGHQVDWHGUDLQVIRUSURSHUFRQQHFWLRQVDQGIXQFWLRQLQJ . &KHFNIRUSURSHUVHDOLQJRIDLUKDQGOLQJXQLWFRPSRQHQWV / &KHFNIRUSURSHUVHDOLQJRIDLUGXFWV\VWHP
 352&('85(6)25&2167$1792/80($,56<67(06
$ $GMXVWIDQVWRGHOLYHUWRWDOLQGLFDWHGDLUIORZVZLWKLQWKHPD[LPXPDOORZDEOHIDQVSHHGOLVWHGE\ IDQPDQXIDFWXUHU
 0HDVXUHIDQVWDWLFSUHVVXUHVWRGHWHUPLQHDFWXDOVWDWLFSUHVVXUHDVIROORZV 
D 0HDVXUHRXWOHWVWDWLFSUHVVXUHDVIDUGRZQVWUHDPIURPWKHIDQDVSUDFWLFDEOHDQG XSVWUHDPIURPUHVWULFWLRQVLQGXFWVVXFKDVHOERZVDQGWUDQVLWLRQV E 0HDVXUHVWDWLFSUHVVXUHGLUHFWO\DWWKHIDQRXWOHWRUWKURXJKWKHIOH[LEOHFRQQHFWLRQ F 0HDVXUHLQOHWVWDWLFSUHVVXUHRIVLQJOHLQOHWIDQVLQWKHLQOHWGXFWDVQHDUWKHIDQDV SRVVLEOHXSVWUHDPIURPIOH[LEOHFRQQHFWLRQDQGGRZQVWUHDPIURPGXFWUHVWULFWLRQV G 0HDVXUH LQOHW VWDWLF SUHVVXUH RI GRXEOHLQOHWIDQVWKURXJKWKH ZDOO RIWKH SOHQXP WKDWKRXVHVWKHIDQ
 0HDVXUH VWDWLF SUHVVXUH DFURVV HDFK FRPSRQHQW WKDW PDNHV XS DQ DLUKDQGOLQJ XQLW URRIWRSXQLWDQGRWKHUDLUKDQGOLQJDQGWUHDWLQJHTXLSPHQW D 6LPXODWHGLUW\ILOWHURSHUDWLRQDQGUHFRUGWKHSRLQWDWZKLFKPDLQWHQDQFHSHUVRQQHO PXVWFKDQJHILOWHUV
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
 'R QRW PDNH IDQVSHHG DGMXVWPHQWV WKDW UHVXOW LQ PRWRU RYHUORDG  &RQVXOW HTXLSPHQW PDQXIDFWXUHUV DERXW IDQVSHHG VDIHW\ IDFWRUV  0RGXODWH GDPSHUV DQG PHDVXUH IDQ PRWRUDPSHUDJHWRHQVXUHWKDWQRRYHUORDGZLOORFFXU0HDVXUHDPSHUDJHLQIXOOFRROLQJ IXOO KHDWLQJ HFRQRPL]HU DQG DQ\ RWKHU RSHUDWLQJ PRGHV WR GHWHUPLQH WKH PD[LPXP UHTXLUHGEUDNHKRUVHSRZHU
% $GMXVW YROXPH GDPSHUV IRU PDLQ GXFW VXEPDLQ GXFWV DQG PDMRU EUDQFK GXFWV WR LQGLFDWHG DLUIORZVZLWKLQVSHFLILHGWROHUDQFHV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 0HDVXUH VWDWLF SUHVVXUH DW D SRLQW GRZQVWUHDP IURP WKH EDODQFLQJ GDPSHU DQG DGMXVW YROXPHGDPSHUVXQWLOWKHSURSHUVWDWLFSUHVVXUHLVDFKLHYHG D :KHUH VXIILFLHQW VSDFH LQ VXEPDLQ DQGEUDQFKGXFWVLVXQDYDLODEOHIRU3LWRWWXEH WUDYHUVH PHDVXUHPHQWV PHDVXUH DLUIORZ DW WHUPLQDO RXWOHWV DQG LQOHWV DQG FDOFXODWHWKHWRWDODLUIORZIRUWKDW]RQH
 5HPHDVXUH HDFK VXEPDLQ DQG EUDQFK GXFW DIWHU DOO KDYH EHHQ DGMXVWHG  &RQWLQXH WR DGMXVWVXEPDLQDQGEUDQFKGXFWVWRLQGLFDWHGDLUIORZVZLWKLQVSHFLILHGWROHUDQFHV & 0HDVXUHWHUPLQDORXWOHWVDQGLQOHWVZLWKRXWPDNLQJDGMXVWPHQWV  0HDVXUH WHUPLQDO RXWOHWV XVLQJ D GLUHFWUHDGLQJ KRRG RU RXWOHW PDQXIDFWXUHU V ZULWWHQ
LQVWUXFWLRQVDQGFDOFXODWLQJIDFWRUV
' $GMXVWWHUPLQDORXWOHWVDQGLQOHWVIRUHDFKVSDFHWRLQGLFDWHGDLUIORZVZLWKLQVSHFLILHGWROHUDQFHV RI LQGLFDWHG YDOXHV0DNH DGMXVWPHQWV XVLQJ YROXPH GDPSHUV UDWKHUWKDQ H[WUDFWRUV DQGWKH GDPSHUVDWDLUWHUPLQDOV
 $GMXVW HDFK RXWOHW LQ VDPH URRP RU VSDFH WR ZLWKLQ VSHFLILHG WROHUDQFHV RI LQGLFDWHG TXDQWLWLHV ZLWKRXW JHQHUDWLQJ QRLVH OHYHOV DERYH WKH OLPLWDWLRQV SUHVFULEHG E\ WKH &RQWUDFW'RFXPHQWV
 $GMXVWSDWWHUQVRIDGMXVWDEOHRXWOHWVIRUSURSHUGLVWULEXWLRQZLWKRXWGUDIWV  352&('85(6)25&21'(16,1*81,76
$ 9HULI\SURSHUURWDWLRQRIIDQV
% 0HDVXUHHQWHULQJDQGOHDYLQJDLUWHPSHUDWXUHV
& 5HFRUGFRPSUHVVRUGDWD
 352&('85(6)257(03(5$785(0($685(0(176
$ 'XULQJ 7$% UHSRUW WKH QHHG IRU DGMXVWPHQW LQ WHPSHUDWXUH UHJXODWLRQ ZLWKLQ WKH DXWRPDWLF WHPSHUDWXUHFRQWUROV\VWHP
% 0HDVXUHLQGRRUZHWDQGGU\EXOEWHPSHUDWXUHVHYHU\RWKHUKRXUIRUDSHULRGRIWZRVXFFHVVLYH HLJKWKRXUGD\V LQHDFK VHSDUDWHO\ FRQWUROOHG ]RQHWRSURYH FRUUHFWQHVV RIILQDOWHPSHUDWXUH VHWWLQJV0HDVXUHZKHQWKHEXLOGLQJRU]RQHLVRFFXSLHG & 0HDVXUHRXWVLGHDLUZHWDQGGU\EXOEWHPSHUDWXUHV  7(03(5$785(&21752/9(5,),&$7,21
$ 9HULI\WKDWFRQWUROOHUVDUHFDOLEUDWHGDQGFRPPLVVLRQHG -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
% &KHFN WUDQVPLWWHU DQG FRQWUROOHU ORFDWLRQV DQG QRWH FRQGLWLRQV WKDW ZRXOG DGYHUVHO\ DIIHFW FRQWUROIXQFWLRQV
& 5HFRUGFRQWUROOHUVHWWLQJVDQGQRWHYDULDQFHVEHWZHHQVHWSRLQWVDQGDFWXDOPHDVXUHPHQWV ' &KHFNWKHRSHUDWLRQRIOLPLWLQJFRQWUROOHUV
LHKLJKDQGORZWHPSHUDWXUHFRQWUROOHUV

( &KHFNIUHHWUDYHODQGSURSHURSHUDWLRQRIFRQWUROGHYLFHVVXFKDVGDPSHUDQGYDOYHRSHUDWRUV ) &KHFNWKHVHTXHQFHRIRSHUDWLRQRIFRQWUROGHYLFHV1RWHDLUSUHVVXUHVDQGGHYLFHSRVLWLRQV DQGFRUUHODWHZLWKDLUIORZDQGZDWHUIORZPHDVXUHPHQWV1RWHWKHVSHHGRIUHVSRQVHWRLQSXW FKDQJHV
* &KHFNWKHLQWHUDFWLRQRIHOHFWULFDOO\RSHUDWHGVZLWFKWUDQVGXFHUV + &KHFNWKHLQWHUDFWLRQRILQWHUORFNDQGORFNRXWV\VWHPV , &KHFNPDLQFRQWUROVXSSO\DLUSUHVVXUHDQGREVHUYHFRPSUHVVRUDQGGU\HURSHUDWLRQV - 5HFRUGYROWDJHVRISRZHUVXSSO\DQGFRQWUROOHURXWSXW'HWHUPLQHZKHWKHUWKHV\VWHPRSHUDWHV RQDJURXQGHGRUQRQJURXQGHGSRZHUVXSSO\
. 1RWHRSHUDWLRQRIHOHFWULFDFWXDWRUVXVLQJVSULQJUHWXUQIRUSURSHUIDLOVDIHRSHUDWLRQV 
 72/(5$1&(6
$ 6HW+9$&V\VWHPDLUIORZDQGZDWHUIORZUDWHVZLWKLQWKHIROORZLQJWROHUDQFHV 
 6XSSO\5HWXUQDQG([KDXVW)DQVDQG(TXLSPHQWZLWK)DQV 3OXVWRSOXVSHUFHQW
 $LU2XWOHWVDQG,QOHWV
WRPLQXVSHUFHQW
 +HDWLQJ:DWHU)ORZ5DWH
WRPLQXVSHUFHQW
 &RROLQJ:DWHU)ORZ5DWH
WRPLQXVSHUFHQW
 ),1$/5(3257
$ *HQHUDO
  7\SHZULWWHQ RU FRPSXWHU SULQWRXW LQ OHWWHUTXDOLW\ IRQW RQ VWDQGDUG ERQG SDSHU LQ WKUHHULQJELQGHUWDEXODWHGDQGGLYLGHGLQWRVHFWLRQVE\WHVWHGDQGEDODQFHGV\VWHPV % ,QFOXGH D FHUWLILFDWLRQ VKHHW LQ IURQW RI ELQGHU VLJQHG DQG VHDOHG E\ WKH FHUWLILHG WHVWLQJ DQG EDODQFLQJHQJLQHHU
 ,QFOXGHDOLVWRILQVWUXPHQWVXVHGIRUSURFHGXUHVDORQJZLWKSURRIRIFDOLEUDWLRQ & )LQDO5HSRUW&RQWHQWV
,QDGGLWLRQWRFHUWLILHGILHOGUHSRUWGDWDLQFOXGHWKHIROORZLQJ 
 3XPSFXUYHV
 )DQFXUYHV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJH
RI
 0DQXIDFWXUHUV
WHVWGDWD
 )LHOGWHVWUHSRUWVSUHSDUHGE\V\VWHPDQGHTXLSPHQWLQVWDOOHUV  2WKHULQIRUPDWLRQ UHODWLYHWRHTXLSPHQWSHUIRUPDQFHEXWGRQRWLQFOXGH6KRS'UDZLQJV DQG3URGXFW'DWD
' *HQHUDO5HSRUW'DWD
,QDGGLWLRQWRIRUPWLWOHVDQGHQWULHVLQFOXGHWKHIROORZLQJGDWDLQWKHILQDO UHSRUWDVDSSOLFDEOH

 7LWOHSDJH
 1DPHDQGDGGUHVVRI7$%ILUP
 3URMHFWQDPH
 3URMHFWORFDWLRQ
 $UFKLWHFW
VQDPHDQGDGGUHVV
 (QJLQHHU
VQDPHDQGDGGUHVV
 &RQWUDFWRU
VQDPHDQGDGGUHVV
 5HSRUWGDWH

 6LJQDWXUHRI7$%ILUPZKRFHUWLILHVWKHUHSRUW
 7DEOHRI&RQWHQWVZLWKWKHWRWDOQXPEHURISDJHVGHILQHGIRUHDFKVHFWLRQRIWKH UHSRUW 1XPEHUHDFKSDJHLQWKHUHSRUW
 6XPPDU\RIFRQWHQWVLQFOXGLQJWKHIROORZLQJ

D ,QGLFDWHGYHUVXVILQDOSHUIRUPDQFH
E 1RWDEOHFKDUDFWHULVWLFVRIV\VWHPV
F 'HVFULSWLRQ RI V\VWHP RSHUDWLRQ VHTXHQFH LI LW YDULHV IURP WKH &RQWUDFW 'RFXPHQWV
 1RPHQFODWXUHVKHHWVIRUHDFKLWHPRIHTXLSPHQW
 'DWDIRUWHUPLQDOXQLWVLQFOXGLQJPDQXIDFWXUHUW\SHVL]HDQGILWWLQJV  1RWHVWRH[SODLQZK\FHUWDLQILQDOGDWDLQWKHERG\RIUHSRUWVYDULHVIURPLQGLFDWHGYDOXHV  7HVWFRQGLWLRQVIRUIDQVDQGSXPSSHUIRUPDQFHIRUPVLQFOXGLQJWKHIROORZLQJ 
D 6HWWLQJVIRURXWVLGHUHWXUQDQGH[KDXVWDLUGDPSHUV E &RQGLWLRQVRIILOWHUV
F &RROLQJFRLOZHWDQGGU\EXOEFRQGLWLRQV
G )DFHDQGE\SDVVGDPSHUVHWWLQJVDWFRLOV
H )DQGULYHVHWWLQJVLQFOXGLQJVHWWLQJVDQGSHUFHQWDJHRIPD[LPXPSLWFKGLDPHWHU I ,QOHWYDQHVHWWLQJVIRUYDULDEOHDLUYROXPHV\VWHPV J 6HWWLQJVIRUVXSSO\DLUVWDWLFSUHVVXUHFRQWUROOHU K 2WKHUV\VWHPRSHUDWLQJFRQGLWLRQVWKDWDIIHFWSHUIRUPDQFH ( 6\VWHP'LDJUDPV
,QFOXGHVFKHPDWLFOD\RXWVRIDLUDQGK\GURQLFGLVWULEXWLRQV\VWHPV3UHVHQW HDFKV\VWHPZLWKVLQJOHOLQHGLDJUDPDQGLQFOXGHWKHIROORZLQJ

 4XDQWLWLHVRIRXWVLGHVXSSO\UHWXUQDQGH[KDXVWDLUIORZV  :DWHUDQGVWHDPIORZUDWHV
 'XFWRXWOHWDQGLQOHWVL]HV
 3LSHDQGYDOYHVL]HVDQGORFDWLRQV
 7HUPLQDOXQLWV
 %DODQFLQJVWDWLRQV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ

 

 3DJHRI
 3RVLWLRQRIEDODQFLQJGHYLFHV
 $'',7,21$/7(676
$ :LWKLQ
 GD\V RI FRPSOHWLQJ 7$% SHUIRUP DGGLWLRQDO WHVWLQJ DQG EDODQFLQJ WR YHULI\ WKDW EDODQFHGFRQGLWLRQVDUHEHLQJPDLQWDLQHGWKURXJKRXWDQGWRFRUUHFWXQXVXDOFRQGLWLRQV % 6HDVRQDO3HULRGV
,ILQLWLDO7$%SURFHGXUHVZHUHQRWSHUIRUPHGGXULQJQHDUSHDNVXPPHUDQG ZLQWHU FRQGLWLRQV SHUIRUP DGGLWLRQDO WHVWLQJ LQVSHFWLQJ DQG DGMXVWLQJ GXULQJ QHDUSHDN VXPPHUDQGZLQWHUFRQGLWLRQV
(1'2)6(&7,21
7KLV3DJH%ODQN
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 6(&7,21
+9$&,168/$7,21
3$57*(1(5$/
 6800$5<
$ 6HFWLRQ,QFOXGHV

 ,QVXODWLRQ0DWHULDOV

D &HOOXODUJODVV
E )OH[LEOHHODVWRPHULF
F 0LQHUDOILEHU
G 3RO\ROHILQ
H 3RO\VW\UHQH
 )LUHUDWHGLQVXODWLRQV\VWHPV
 ,QVXODWLQJFHPHQWV
 $GKHVLYHV
 0DVWLFV
 6HDODQWV
 )DFWRU\DSSOLHGMDFNHWV
 )LHOGDSSOLHGIDEULFUHLQIRUFLQJPHVK

 )LHOGDSSOLHGMDFNHWV
 7DSHV
 6HFXUHPHQWV
 &RUQHUDQJOHV
% 5HODWHG6HFWLRQV

 'LYLVLRQ6HFWLRQ)LUH6XSSUHVVLRQ6\VWHPV,QVXODWLRQ  'LYLVLRQ6HFWLRQ3OXPELQJ,QVXODWLRQ
 'LYLVLRQ6HFWLRQ0HWDO'XFWVIRUGXFWOLQHUV  'LYLVLRQ 6HFWLRQ 8QGHUJURXQG +\GURQLF (QHUJ\ 'LVWULEXWLRQ IRU ORRVHILOO SLSH LQVXODWLRQLQXQGHUJURXQGSLSLQJRXWVLGHWKHEXLOGLQJ  'LYLVLRQ6HFWLRQ8QGHUJURXQG6WHDPDQG&RQGHQVDWH'LVWULEXWLRQ3LSLQJIRUORRVH ILOOSLSHLQVXODWLRQLQXQGHUJURXQGSLSLQJRXWVLGHWKHEXLOGLQJ  68%0,77$/6
$ 3URGXFW'DWD
)RUHDFKW\SHRISURGXFWLQGLFDWHG
% 6KRS'UDZLQJV

-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 'HWDLODSSOLFDWLRQRISURWHFWLYHVKLHOGVVDGGOHVDQGLQVHUWVDWKDQJHUVIRUHDFKW\SHRI LQVXODWLRQDQGKDQJHU
 'HWDLODWWDFKPHQWDQGFRYHULQJRIKHDWWUDFLQJLQVLGHLQVXODWLRQ  'HWDLOLQVXODWLRQDSSOLFDWLRQDWSLSHH[SDQVLRQMRLQWVIRUHDFKW\SHRILQVXODWLRQ  'HWDLO LQVXODWLRQ DSSOLFDWLRQ DW HOERZVILWWLQJVIODQJHV YDOYHV DQG VSHFLDOWLHVIRU HDFK W\SHRILQVXODWLRQ
 'HWDLO UHPRYDEOH LQVXODWLRQ DW SLSLQJ VSHFLDOWLHV HTXLSPHQW FRQQHFWLRQV DQG DFFHVV SDQHOV
 'HWDLODSSOLFDWLRQRIILHOGDSSOLHGMDFNHWV
 'HWDLODSSOLFDWLRQDWOLQNDJHVRIFRQWUROGHYLFHV  'HWDLOILHOGDSSOLFDWLRQIRUHDFKHTXLSPHQWW\SH
& )LHOGTXDOLW\FRQWUROUHSRUWV
 48$/,7<$6685$1&(
$ )LUH7HVW5HVSRQVH &KDUDFWHULVWLFV
  ,QVXODWLRQ DQG UHODWHG PDWHULDOV VKDOO KDYH ILUHWHVW UHVSRQVHFKDUDFWHULVWLFVLQGLFDWHGDVGHWHUPLQHGE\WHVWLQJLGHQWLFDOSURGXFWVSHU$670( E\DWHVWLQJDQGLQVSHFWLQJDJHQF\DFFHSWDEOHWRDXWKRULWLHVKDYLQJMXULVGLFWLRQ)DFWRU\ODEHO LQVXODWLRQ DQG MDFNHW PDWHULDOV DQG DGKHVLYH PDVWLF WDSHV DQG FHPHQW PDWHULDO FRQWDLQHUV ZLWKDSSURSULDWHPDUNLQJVRIDSSOLFDEOHWHVWLQJDQGLQVSHFWLQJDJHQF\  ,QVXODWLRQ ,QVWDOOHG ,QGRRUV
  )ODPHVSUHDG LQGH[ RI  RU OHVV DQG VPRNHGHYHORSHG LQGH[RIRUOHVV
 ,QVXODWLRQ,QVWDOOHG2XWGRRUV
)ODPHVSUHDGLQGH[RIRUOHVVDQG VPRNHGHYHORSHG LQGH[RIRUOHVV
3$57352'8&76
 ,168/$7,210$7(5,$/6
$ &RPSO\ ZLWK UHTXLUHPHQWV LQ 3DUW VFKHGXOH DUWLFOHV IRU ZKHUH LQVXODWLQJ PDWHULDOV VKDOO EH DSSOLHG
% 3URGXFWVVKDOOQRWFRQWDLQDVEHVWRVOHDGPHUFXU\RUPHUFXU\FRPSRXQGV & 3URGXFWVWKDWFRPHLQFRQWDFWZLWKVWDLQOHVVVWHHOVKDOOKDYHDOHDFKDEOHFKORULGHFRQWHQWRIOHVV WKDQSSPZKHQWHVWHGDFFRUGLQJWR$670&
' ,QVXODWLRQ PDWHULDOV IRU XVH RQ DXVWHQLWLF VWDLQOHVV VWHHO VKDOO EH TXDOLILHG DV DFFHSWDEOH DFFRUGLQJWR$670&

( )RDP LQVXODWLRQ PDWHULDOV VKDOO QRW XVH &)& RU +&)& EORZLQJ DJHQWV LQ WKH PDQXIDFWXULQJ SURFHVV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
) &HOOXODU *ODVV
  ,QRUJDQLF LQFRPEXVWLEOH IRDPHG RU FHOOXODWHG JODVV ZLWK DQQHDOHG ULJLG KHUPHWLFDOO\VHDOHGFHOOV)DFWRU\DSSOLHGMDFNHWUHTXLUHPHQWVDUHVSHFLILHGLQ)DFWRU\$SSOLHG -DFNHWV$UWLFOH
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &HOO8)RDP&RUSRUDWLRQ
8OWUD&8)
E 3LWWVEXUJK&RUQLQJ&RUSRUDWLRQ
)RDPJODV6XSHU.
 %ORFN,QVXODWLRQ
$670&7\SH,
 6SHFLDO6KDSHG,QVXODWLRQ
$670&7\SH,,,
 %RDUG,QVXODWLRQ
$670&7\SH,9
 3UHIRUPHG3LSH,QVXODWLRQZLWKRXW-DFNHW
&RPSO\ZLWK$670&7\SH,,&ODVV
 3UHIRUPHG 3LSH ,QVXODWLRQ ZLWK )DFWRU\$SSOLHG >$6-@ >$6-66/@   &RPSO\ ZLWK
$670&7\SH,,&ODVV
 )DFWRU\IDEULFDWHVKDSHVDFFRUGLQJWR$670&DQG$670& * )OH[LEOH (ODVWRPHULF
  &ORVHGFHOO VSRQJH RU H[SDQGHGUXEEHU PDWHULDOV  &RPSO\ ZLWK $670&7\SH,IRUWXEXODUPDWHULDOVDQG7\SH,,IRUVKHHWPDWHULDOV  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D $HURIOH[86$,QF
$HURFHO
E $UPDFHOO//&
$3$UPDIOH[
F 5%;&RUSRUDWLRQ
,QVXO6KHHWDQG,QVXO7XEH
+ +LJK7HPSHUDWXUH 0LQHUDO)LEHU %ODQNHW ,QVXODWLRQ   0LQHUDO RU JODVV ILEHUV ERQGHG ZLWK D
WKHUPRVHWWLQJUHVLQ&RPSO\ZLWK$670&7\SH9ZLWKRXWIDFWRU\DSSOLHGMDFNHW  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D -RKQV0DQYLOOH
+7%6SLQ*ODV
E 2ZHQV&RUQLQJ
+LJK7HPSHUDWXUH)OH[LEOH%DWW,QVXODWLRQV
, 0LQHUDO)LEHU3UHIRUPHG3LSH,QVXODWLRQ

 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D )LEUH[,QVXODWLRQV,QF
&RUHSOXV
E -RKQV0DQYLOOH
0LFUR/RN
F .QDXI,QVXODWLRQ
3LSH,QVXODWLRQ
G 0DQVRQ,QVXODWLRQ,QF
$OOH\.
H 2ZHQV&RUQLQJ
)LEHUJODV3LSH,QVXODWLRQ
 7\SH,  GHJ)
 GHJ&
 0DWHULDOV
  0LQHUDO RU JODVV ILEHUV ERQGHG ZLWK D
WKHUPRVHWWLQJ UHVLQ  &RPSO\ ZLWK $670& 7\SH, *UDGH$ ZLWK IDFWRU\DSSOLHG -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
$6-  )DFWRU\DSSOLHG MDFNHW UHTXLUHPHQWV DUH VSHFLILHG LQ )DFWRU\$SSOLHG -DFNHWV $UWLFOH3URGXFWV
6XEMHFWWRFRPSOLDQFHZLWK UHTXLUHPHQWVDYDLODEOHSURGXFWVWKDWPD\ EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D D)LEUH[,QVXODWLRQV,QF
&RUHSOXV
E -RKQV0DQYLOOH
0LFUR/RN
F .QDXI,QVXODWLRQ
3LSH,QVXODWLRQ
G 0DQVRQ,QVXODWLRQ,QF
$OOH\.
H 2ZHQV&RUQLQJ
)LEHUJODV3LSH,QVXODWLRQ
 7\SH,,  GHJ)

 GHJ&
 0DWHULDOV
  0LQHUDO RU JODVV ILEHUV ERQGHG ZLWK D
WKHUPRVHWWLQJ UHVLQ  &RPSO\ ZLWK $670& 7\SH,, *UDGH$ ZLWK IDFWRU\DSSOLHG $6-  )DFWRU\DSSOLHG MDFNHW UHTXLUHPHQWV DUH VSHFLILHG LQ )DFWRU\$SSOLHG -DFNHWV $UWLFOH
- 0LQHUDO)LEHU 3LSH ,QVXODWLRQ :LFNLQJ 6\VWHP
  3UHIRUPHG SLSH LQVXODWLRQ FRPSO\LQJ ZLWK
$670&7\SH,*UDGH$ZLWKDEVRUEHQWFORWKIDFWRU\DSSOLHGWRWKHHQWLUHLQVLGHVXUIDFH RI SUHIRUPHG SLSH LQVXODWLRQ DQG H[WHQGHGWKURXJKWKH ORQJLWXGLQDO MRLQWWR RXWVLGH VXUIDFH RI LQVXODWLRQ XQGHU LQVXODWLRQ MDFNHW  )DFWRU\ DSSO\ D ZKLWH SRO\PHU YDSRUUHWDUGHU MDFNHW ZLWK VHOIVHDOLQJ DGKHVLYH WDSH VHDP DQG HYDSRUDWLRQ KROHV UXQQLQJ FRQWLQXRXVO\ DORQJ WKH ORQJLWXGLQDOVHDPH[SRVLQJWKHDEVRUEHQWFORWK
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D .QDXI,QVXODWLRQ
3HUPDZLFN3LSH,QVXODWLRQ
E 2ZHQV&RUQLQJ
9DSRU:LFN3LSH,QVXODWLRQ
. 0LQHUDO)LEHU3LSH DQG7DQN,QVXODWLRQ
0LQHUDO RU JODVVILEHUV ERQGHG ZLWK DWKHUPRVHWWLQJ UHVLQ6HPLULJLGERDUGPDWHULDOZLWKIDFWRU\DSSOLHG$6-MDFNHWFRPSO\LQJZLWK$670& 
7\SH,, RU 7\SH,,,$ &DWHJRU\ RU ZLWK SURSHUWLHV VLPLODU WR$670& 7\SH,%  1RPLQDO GHQVLW\LVOEFXIW
NJFXP
RUPRUH7KHUPDOFRQGXFWLYLW\
NYDOXH
DWGHJ)

GHJ&
 LV 
 %WX [ LQK [ VT IW [ GHJ)
 :P [ .
 RU OHVV  )DFWRU\DSSOLHG MDFNHW
UHTXLUHPHQWVDUHVSHFLILHGLQ)DFWRU\$SSOLHG-DFNHWV$UWLFOH  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &HUWDLQ7HHG&RUS
&ULPS:UDS
E -RKQV0DQYLOOH
0LFUR)OH[
F .QDXI,QVXODWLRQ
3LSHDQG7DQN,QVXODWLRQ
G 0DQVRQ,QVXODWLRQ,QF
$.)OH[
H 2ZHQV&RUQLQJ
)LEHUJODV3LSHDQG7DQN,QVXODWLRQ
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
/ 3RO\ROHILQ
  8QLFHOOXODU SRO\HWK\OHQH WKHUPDO SODVWLF LQVXODWLRQ  &RPSO\ ZLWK $670& RU $670&7\SH,*UDGHIRUWXEXODUPDWHULDOVDQG7\SH,,*UDGHIRUVKHHWPDWHULDOV  3URG3URGXFWV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVDYDLODEOHSURGXFWVWKDWPD\EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
 $UPDFHOO//&
7XEROLW
D 1RPDFR,QF
,0&2/2&.,0&26+((7120$/2&.DQG120$3/<
E 5%;&RUSRUDWLRQ
7KHUPDFHOO
0 3RO\VW\UHQH
  5LJLG H[WUXGHG FHOOXODU SRO\VW\UHQH LQWHQGHG IRU XVH DV WKHUPDO LQVXODWLRQ &RPSO\ZLWK$670&7\SH,9RU7\SH;,,,H[FHSWWKHUPDOFRQGXFWLYLW\ NYDOXH
VKDOOQRW
H[FHHG %WX [LQK [ VTIW [GHJ)
:P [.
 DIWHU GD\VRIDJLQJ)DEULFDWH
VKDSHVDFFRUGLQJWR$670&DQG$670&
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 'RZ&KHPLFDO&RPSDQ\
7KH

6W\URIRDP
E .QDXI,QVXODWLRQ
.QDXI3RO\VW\UHQH
 ),5(5$7(',168/$7,216<67(06
$ )LUH5DWHG%ODQNHW
+LJKWHPSHUDWXUHIOH[LEOHEODQNHWLQVXODWLRQZLWK)6.MDFNHWWKDWLVWHVWHG DQGFHUWLILHGWRSURYLGHDKRXUILUHUDWLQJE\D157/DFFHSWDEOHWRDXWKRULW\KDYLQJMXULVGLFWLRQ  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &HUWDLQ7HHG&RUS
)ODPH&KHN
E -RKQV0DQYLOOH
)LUHWHPS:UDS
F 1HOVRQ)LUHVWRS3URGXFWV
1HOVRQ)6%)ODPHVKLHOG%ODQNHW
G 7KHUPDO&HUDPLFV
)LUH0DVWHU'XFW:UDS
H 0
)LUH%DUULHU:UDS3URGXFWV
I 8QLIUD[&RUSRUDWLRQ
)\UH:UDS
J 9HVXYLXV
3<526&$7)3)$675'XFW:UDS
 ,168/$7,1*&(0(176
$ 0LQHUDO)LEHU +\GUDXOLF6HWWLQJ ,QVXODWLQJ DQG )LQLVKLQJ &HPHQW   &RPSO\ ZLWK
$670&
&
0
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D ,QVXOFR'LYLVLRQRI0)6,QF
6PRRWK.RWH
E 3.,QVXODWLRQ0IJ&R,QF
3.1RDQG4XLN&RWH
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
F 5RFN:RRO0DQXIDFWXULQJ&RPSDQ\
'HOWD2QH6KRW
 $'+(6,9(6
$ 0DWHULDOVVKDOOEHFRPSDWLEOHZLWKLQVXODWLRQPDWHULDOVMDFNHWVDQGVXEVWUDWHVDQGIRUERQGLQJ LQVXODWLRQWRLWVHOIDQGWRVXUIDFHVWREHLQVXODWHGXQOHVVRWKHUZLVHLQGLFDWHG % &HOOXODU*ODVV 3KHQROLF 3RO\LVRF\DQXUDWH DQG 3RO\VW\UHQH $GKHVLYH   6ROYHQWEDVHG UHVLQ
DGKHVLYHZLWKDVHUYLFHWHPSHUDWXUHUDQJHRIPLQXVWRSOXVGHJ) PLQXV
WRSOXV

GHJ&

 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
 &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3

D )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

& )OH[LEOH(ODVWRPHULFDQG3RO\ROHILQ$GKHVLYH
&RPSO\ZLWK0,/$
$7\SH,,&ODVV,
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D $HURIOH[86$,QF
$HURVHDO
E $UPDFHOO/&&
$GKHVLYH
F )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

G 5%;&RUSRUDWLRQ
5XEDWH[&RQWDFW$GKHVLYH
' 0LQHUDO)LEHU$GKHVLYH
&RPSO\ZLWK0,/$&&ODVV*UDGH$
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
 &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
D )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

E ,7:7$&&'LYLVLRQRI,OOLQRLV7RRO:RUNV
6

F 0DUDWKRQ,QGXVWULHV,QF

G 0RQ(FR,QGXVWULHV,QF

( 3RO\VW\UHQH $GKHVLYH
  6ROYHQW RU ZDWHUEDVHG V\QWKHWLF UHVLQ DGKHVLYH ZLWK D VHUYLFH WHPSHUDWXUHUDQJHRIPLQXVWRSOXVGHJ)

WRSOXVGHJ&

 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
 &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3

D )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\


-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
) $6- $GKHVLYH DQG )6. DQG 39'& -DFNHW $GKHVLYH   &RPSO\ ZLWK 0,/$& &ODVV
*UDGH$IRUERQGLQJLQVXODWLRQMDFNHWODSVHDPVDQGMRLQWV  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

F ,7:7$&&'LYLVLRQRI,OOLQRLV7RRO:RUNV
6

G 0DUDWKRQ,QGXVWULHV,QF

H 0RQ(FR,QGXVWULHV,QF

* 39&-DFNHW$GKHVLYH
&RPSDWLEOHZLWK39&MDFNHW
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 'RZ&KHPLFDO&RPSDQ\
7KH


'RZ6LOLFRQH
E -RKQV0DQYLOOH
=HVWRQ3HUPD:HOG&((/7,7(6ROYHQW:HOGLQJ$GKHVLYH F 3,&3ODVWLFV,QF
:HOGLQJ$GKHVLYH
G 5HG'HYLO,QF
&HOXORQ8OWUD&OHDU
H 6SHHGOLQH&RUSRUDWLRQ
6SHHGOLQH9LQ\O$GKHVLYH
 0$67,&6
$ 0DWHULDOV VKDOO EH FRPSDWLEOH ZLWK LQVXODWLRQ PDWHULDOV MDFNHWV DQG VXEVWUDWHV  FRPSO\ ZLWK
0,/&
&7\SH,,
% 9DSRU%DUULHU 0DVWLF
  :DWHU EDVHG
 VXLWDEOH IRU LQGRRU DQG RXWGRRU XVH RQ EHORZ DPELHQW VHUYLFHV
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\


F ,7:7$&&'LYLVLRQRI,OOLQRLV7RRO:RUNV
&%
G 0DUDWKRQ,QGXVWULHV,QF


H 0RQ(FR,QGXVWULHV,QF

I 9LPDVFR&RUSRUDWLRQ


 :DWHU9DSRU3HUPHDQFH
$670(
3URFHGXUH%SHUP

PHWULFSHUP
DW
PLO

PP
GU\ILOPWKLFNQHVV
 6HUYLFH7HPSHUDWXUH5DQJH
0LQXVWRSOXVGHJ)
0LQXV
WRSOXVGHJ&

 6ROLGV&RQWHQW
$670'
SHUFHQWE\YROXPHDQGSHUFHQWE\ZHLJKW
 &RORU
:KLWH
& %UHDWKHU0DVWLF
:DWHUEDVHG
VXLWDEOHIRULQGRRUDQGRXWGRRUXVHRQDERYHDPELHQWVHUYLFHV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

F ,7:7$&&'LYLVLRQRI,OOLQRLV7RRO:RUNV
&%
G 0DUDWKRQ,QGXVWULHV,QF

H 0RQ(FR,QGXVWULHV,QF

 :DWHU9DSRU3HUPHDQFH
$670)
SHUPV
PHWULFSHUPV
DWLQFK

PP
GU\ILOPWKLFNQHVV
 6HUYLFH7HPSHUDWXUH5DQJH
0LQXVWRSOXVGHJ)
0LQXV
WRSOXV
GHJ&

 6ROLGV&RQWHQW
SHUFHQWE\YROXPHDQGSHUFHQWE\ZHLJKW
 &RORU
:KLWH
 6($/$176
$ -RLQW6HDODQWV

 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

F 0DUDWKRQ,QGXVWULHV,QF

G 0RQ(FR,QGXVWULHV,QF

H 3LWWVEXUJK&RUQLQJ&RUSRUDWLRQ
3LWWVHDO
I 9LPDVFR&RUSRUDWLRQ

 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\

F 0DUDWKRQ,QGXVWULHV,QF

G 0RQ(FR,QGXVWULHV,QF

H 9LPDVFR&RUSRUDWLRQ

 0DWHULDOVVKDOOEHFRPSDWLEOHZLWKLQVXODWLRQPDWHULDOVMDFNHWVDQGVXEVWUDWHV  3HUPDQHQWO\IOH[LEOHHODVWRPHULFVHDODQW
 6HUYLFH7HPSHUDWXUH5DQJH
0LQXVWRSOXVGHJ)
0LQXVWRSOXV
GHJ&

 &RORU
:KLWHRUJUD\
% )6.DQG0HWDO-DFNHW)ODVKLQJ6HDODQWV

 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJH
RI
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
E )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\


F 0DUDWKRQ,QGXVWULHV,QF

G 0RQ(FR,QGXVWULHV,QF

H 9LPDVFR&RUSRUDWLRQ

 0DWHULDOVVKDOOEHFRPSDWLEOHZLWKLQVXODWLRQPDWHULDOVMDFNHWVDQGVXEVWUDWHV  )LUHDQGZDWHUUHVLVWDQWIOH[LEOHHODVWRPHULFVHDODQW  6HUYLFH7HPSHUDWXUH5DQJH
0LQXVWRSOXVGHJ)
0LQXVWRSOXVGHJ&

 &RORU
$OXPLQXP
& $6-)ODVKLQJ6HDODQWVDQG9LQ\O39'&DQG39&-DFNHW)ODVKLQJ6HDODQWV 
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
&3
 0DWHULDOVVKDOOEHFRPSDWLEOHZLWKLQVXODWLRQPDWHULDOVMDFNHWVDQGVXEVWUDWHV  )LUHDQGZDWHUUHVLVWDQWIOH[LEOHHODVWRPHULFVHDODQW  6HUYLFH7HPSHUDWXUH5DQJH
0LQXVWRSOXVGHJ)
0LQXVWRSOXVGHJ&

 &RORU
:KLWH
 )$&725<$33/,('-$&.(76
$ ,QVXODWLRQ V\VWHP VFKHGXOHV LQGLFDWH IDFWRU\DSSOLHG MDFNHWV RQ YDULRXV DSSOLFDWLRQV  :KHQ IDFWRU\DSSOLHGMDFNHWVDUHLQGLFDWHGFRPSO\ZLWKWKHIROORZLQJ 
 $6-
  :KLWH NUDIWSDSHU ILEHUJODVVUHLQIRUFHG VFULP ZLWK DOXPLQXPIRLO EDFNLQJ 
FRPSO\LQJZLWK$670&7\SH,
 $6-66/
$6-ZLWKVHOIVHDOLQJSUHVVXUHVHQVLWLYHDFU\OLFEDVHGDGKHVLYHFRYHUHGE\D UHPRYDEOHSURWHFWLYHVWULS
FRPSO\LQJZLWK$670&7\SH,
 )6. -DFNHW
  $OXPLQXPIRLO ILEHUJODVVUHLQIRUFHG VFULP ZLWK NUDIWSDSHU EDFNLQJ 
FRPSO\LQJZLWK$670&7\SH,,
 )63 -DFNHW
  $OXPLQXPIRLO ILEHUJODVVUHLQIRUFHG VFULP ZLWK SRO\HWK\OHQH EDFNLQJ 
FRPSO\LQJZLWK$670&7\SH,,
 39'& -DFNHW IRU ,QGRRU $SSOLFDWLRQV
  PLO
PP
 WKLFN ZKLWH 39'& ELD[LDOO\
RULHQWHGEDUULHUILOPZLWKDSHUPHDQFHDWSHUPV
PHWULFSHUPV
ZKHQWHVWHG
DFFRUGLQJ WR $670(
 DQG ZLWK D IODPHVSUHDG LQGH[ RI  DQG D VPRNHGHYHORSHG LQGH[RIZKHQWHVWHGDFFRUGLQJWR$670(
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 'RZ &KHPLFDO &RPSDQ\
7KH

 6DUDQ 9DSRU 5HWDUGHU )LOP DQG
6DUDQ9DSRU5HWDUGHU)LOP
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 39'& -DFNHW IRU 2XWGRRU $SSOLFDWLRQV
  PLO
PP
 WKLFN ZKLWH 39'& ELD[LDOO\
RULHQWHGEDUULHUILOPZLWKDSHUPHDQFHDWSHUPV
PHWULFSHUPV
ZKHQWHVWHG
DFFRUGLQJ WR $670(
 DQG ZLWK D IODPHVSUHDG LQGH[ RI  DQG D VPRNHGHYHORSHG LQGH[RIZKHQWHVWHGDFFRUGLQJWR$670(
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 'RZ &KHPLFDO &RPSDQ\
7KH

 6DUDQ 9DSRU 5HWDUGHU )LOP DQG
6DUDQ9DSRU5HWDUGHU)LOP

 39'&66/ -DFNHW
  39'& MDFNHW ZLWK D VHOIVHDOLQJ SUHVVXUHVHQVLWLYH DFU\OLFEDVHG DGKHVLYHFRYHUHGE\DUHPRYDEOHSURWHFWLYHVWULS
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 'RZ &KHPLFDO &RPSDQ\
7KH

 6DUDQ 9DSRU 5HWDUGHU )LOP DQG
6DUDQ9DSRU5HWDUGHU)LOP
 9LQ\O -DFNHW
  :KLWH YLQ\O ZLWK D SHUPHDQFH RI  SHUPV
 PHWULF SHUPV
 ZKHQ
WHVWHG DFFRUGLQJ WR $670(
 3URFHGXUH$ DQG FRPSO\LQJ ZLWK 1)3$
$ DQG
1)3$
%
 ),(/'$33/,(')$%5,&5(,1)25&,1*0(6+
$ :RYHQ 3RO\HVWHU )DEULF
  $SSUR[LPDWHO\  R]VT \G
JVTP
 ZLWK D WKUHDG FRXQW RI 
VWUDQGV E\  VWUDQGVVT LQFK
 VWUDQGV E\  VWUDQGVVT PP
 LQ D /HQR ZHDYH IRU GXFW
HTXLSPHQWDQGSLSH
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
 )RVWHU3URGXFWV&RUSRUDWLRQ+%)XOOHU&RPSDQ\
0DVW$)DE
D 9LPDVFR&RUSRUDWLRQ
(ODVWDIDE


 ),(/'$33/,('-$&.(76
$ )LHOGDSSOLHGMDFNHWVVKDOOFRPSO\ZLWK$670&
7\SH,XQOHVVRWKHUZLVHLQGLFDWHG
% )6.-DFNHW
$OXPLQXPIRLOIDFHILEHUJODVVUHLQIRUFHGVFULPZLWKNUDIWSDSHUEDFNLQJ & 39& -DFNHW
  +LJKLPSDFWUHVLVWDQW 89UHVLVWDQW 39& FRPSO\LQJ ZLWK $670' &ODVV&
WKLFNQHVV DV VFKHGXOHG
 UROO VWRFN UHDG\IRU VKRSRUILHOG FXWWLQJDQGIRUPLQJ 7KLFNQHVVLVLQGLFDWHGLQILHOGDSSOLHGMDFNHWVFKHGXOHV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D -RKQV0DQYLOOH
=HVWRQ
E 3,&3ODVWLFV,QF
)*6HULHV
F 3URWR39&&RUSRUDWLRQ
/R6PRNH
G 6SHHGOLQH&RUSRUDWLRQ
6PRNH6DIH
 $GKHVLYH
$VUHFRPPHQGHGE\MDFNHWPDWHULDOPDQXIDFWXUHU
 &RORU
:KLWH
 )DFWRU\IDEULFDWHGILWWLQJFRYHUVWRPDWFKMDFNHWLIDYDLODEOH RWKHUZLVHILHOGIDEULFDWH
D 6KDSHV
DQG
GHJUHHVKRUWDQGORQJUDGLXVHOERZVWHHVYDOYHVIODQJHV XQLRQV UHGXFHUV HQG FDSV VRLOSLSH KXEV WUDSV PHFKDQLFDO MRLQWV DQG 3WUDS DQGVXSSO\FRYHUVIRUODYDWRULHV
 )DFWRU\IDEULFDWHGWDQNKHDGVDQGWDQNVLGHSDQHOV ' $OXPLQXP-DFNHW
&RPSO\ZLWK$670%

$670%
0 $OOR\RU
7HPSHU+
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D &KLOGHUV3URGXFWV'LYLVLRQRI,7:
0HWDO-DFNHWLQJ6\VWHPV
E 3$%&20HWDOV&RUSRUDWLRQ
6XUHILW
F 5353URGXFWV,QF
,QVXO0DWH
 6KHHWDQGUROOVWRFNUHDG\IRUVKRSRUILHOGVL]LQJ  )LQLVKDQGWKLFNQHVVDUHLQGLFDWHGLQILHOGDSSOLHGMDFNHWVFKHGXOHV  0RLVWXUH %DUULHU IRU ,QGRRU $SSOLFDWLRQV
  >PLO
PP
 WKLFN KHDWERQGHG
SRO\HWK\OHQH DQG NUDIW SDSHU@ >PLO
PP
 WKLFN KHDWERQGHG SRO\HWK\OHQH DQG
NUDIWSDSHU@>PLO
PP
WKLFN3RO\VXUO\Q@
 0RLVWXUH %DUULHU IRU 2XWGRRU $SSOLFDWLRQV
  >PLO
PP
 WKLFN KHDWERQGHG
SRO\HWK\OHQHDQGNUDIWSDSHU@>PLO
PP
WKLFN3RO\VXUO\Q@
 )DFWRU\)DEULFDWHG)LWWLQJ&RYHUV

D 6DPHPDWHULDOILQLVKDQGWKLFNQHVVDVMDFNHW
E 3UHIRUPHGSLHFHRUJRUHDQG
GHJUHHVKRUWDQGORQJUDGLXVHOERZV
F 7HHFRYHUV
G )ODQJHDQGXQLRQFRYHUV
H (QGFDSV
I %HYHOHGFROODUV
J 9DOYHFRYHUV
K )LHOG IDEULFDWH ILWWLQJ FRYHUV RQO\ LI IDFWRU\IDEULFDWHG ILWWLQJ FRYHUV DUH QRW DYDLODEOH
( 6HOI$GKHVLYH 2XWGRRU -DFNHW
  PLO
PP
 WKLFN ODPLQDWHG YDSRU EDUULHU DQG
ZDWHUSURRILQJ PHPEUDQH IRU LQVWDOODWLRQ RYHU LQVXODWLRQ ORFDWHG DERYHJURXQG RXWGRRUV 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
FRQVLVWLQJRIDUXEEHUL]HGELWXPLQRXVUHVLQRQDFURVVODPLQDWHGSRO\HWK\OHQHILOPFRYHUHGZLWK >ZKLWH@>VWXFFRHPERVVHG@DOXPLQXPIRLOIDFLQJ
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 3RO\JXDUG
$OXPDJXDUG
) 39'& -DFNHW IRU ,QGRRU $SSOLFDWLRQV
  PLO
PP
 WKLFN ZKLWH 39'& ELD[LDOO\ RULHQWHG
EDUULHU ILOP ZLWK D SHUPHDQFH DW  SHUPV
 PHWULF SHUPV
 ZKHQ WHVWHG DFFRUGLQJ WR
$670(
DQGZLWKDIODPHVSUHDGLQGH[RIDQGDVPRNHGHYHORSHGLQGH[RIZKHQWHVWHG DFFRUGLQJWR$670(
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 'RZ&KHPLFDO&RPSDQ\
7KH
6DUDQ9DSRU5HWDUGHU)LOP
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
* 39'&-DFNHWIRU2XWGRRU$SSOLFDWLRQV
PLO
PP
WKLFNZKLWH39'&ELD[LDOO\RULHQWHG
EDUULHU ILOP ZLWK D SHUPHDQFH DW  SHUPV
 PHWULF SHUPV
 ZKHQ WHVWHG DFFRUGLQJ WR
$670(
DQGZLWKDIODPHVSUHDGLQGH[RIDQGDVPRNHGHYHORSHGLQGH[RIZKHQWHVWHG DFFRUGLQJWR$670(
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 'RZ&KHPLFDO&RPSDQ\
7KH
6DUDQ9DSRU5HWDUGHU)LOP
+ 39'&66/-DFNHW
39'&MDFNHWZLWKDVHOIVHDOLQJSUHVVXUHVHQVLWLYHDFU\OLFEDVHGDGKHVLYH FRYHUHGE\DUHPRYDEOHSURWHFWLYHVWULS
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 'RZ &KHPLFDO &RPSDQ\
7KH

 6DUDQ 9DSRU 5HWDUGHU )LOP DQG 6DUDQ
9DSRU5HWDUGHU)LOP
 7$3(6
$ $6- 7DSH
  :KLWH YDSRUUHWDUGHU WDSH PDWFKLQJ IDFWRU\DSSOLHG MDFNHW ZLWK DFU\OLF DGKHVLYH FRPSO\LQJZLWK$670&
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
D $YHU\'HQQLVRQ&RUSRUDWLRQ6SHFLDOW\7DSHV'LYLVLRQ )DVVRQ
E &RPSDF&RUS
DQG
F ,GHDO7DSH&R,QFDQ$PHULFDQ%LOWULWH&RPSDQ\
$:)$6-
G 9HQWXUH7DSH
&:3OXV&:3OXVDQG&:3OXV64
 :LGWK
LQFKHV
PP

 7KLFNQHVV
PLOV

PP

 $GKHVLRQ

RXQFHVIRUFHLQFK
1PP
LQZLGWK
 (ORQJDWLRQ
SHUFHQW
 7HQVLOH6WUHQJWK
OEILQFK
1PP
LQZLGWK
 $6-7DSH'LVNVDQG6TXDUHV
3UHFXWGLVNVRUVTXDUHVRI$6-WDSH
% )6.7DSH
)RLOIDFHYDSRUUHWDUGHUWDSHPDWFKLQJIDFWRU\DSSOLHGMDFNHWZLWKDFU\OLFDGKHVLYH 
FRPSO\LQJZLWK$670&
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D $YHU\'HQQLVRQ&RUSRUDWLRQ6SHFLDOW\7DSHV'LYLVLRQ )DVVRQ
E &RPSDF&RUS
DQG
F ,GHDO7DSH&R,QFDQ$PHULFDQ%LOWULWH&RPSDQ\

$:))6.
G 9HQWXUH7DSH
&:&:DQG&:64
 :LGWK
LQFKHV
PP

 7KLFNQHVV
PLOV
PP

 $GKHVLRQ

RXQFHVIRUFHLQFK
1PP
LQZLGWK
 (ORQJDWLRQ
SHUFHQW
 7HQVLOH6WUHQJWK
OEILQFK
1PP
LQZLGWK
 )6.7DSH'LVNVDQG6TXDUHV
3UHFXWGLVNVRUVTXDUHVRI)6.WDSH
& 39&7DSH
:KLWHYDSRUUHWDUGHUWDSHPDWFKLQJILHOGDSSOLHG39&MDFNHWZLWKDFU\OLFDGKHVLYH 6XLWDEOHIRULQGRRUDQGRXWGRRUDSSOLFDWLRQV
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
 $YHU\'HQQLVRQ&RUSRUDWLRQ6SHFLDOW\7DSHV'LYLVLRQ )DVVRQ
D &RPSDF&RUS

E ,GHDO7DSH&R,QFDQ$PHULFDQ%LOWULWH&RPSDQ\
:KLWH39&WDSH
F 9HQWXUH7DSH
&:16
 :LGWK
LQFKHV
PP

 7KLFNQHVV
PLOV
PP

 $GKHVLRQ
RXQFHVIRUFHLQFK
1PP
LQZLGWK
 (ORQJDWLRQ
SHUFHQW
 7HQVLOH6WUHQJWK
OEILQFK
1PP
LQZLGWK
' $OXPLQXP)RLO7DSH
9DSRUUHWDUGHUWDSHZLWKDFU\OLFDGKHVLYH
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D $YHU\'HQQLVRQ&RUSRUDWLRQ6SHFLDOW\7DSHV'LYLVLRQ )DVVRQ
E &RPSDF&RUS

F ,GHDO7DSH&R,QFDQ$PHULFDQ%LOWULWH&RPSDQ\
$:)
G 9HQWXUH7DSH
&:
 :LGWK
LQFKHV
PP

 7KLFNQHVV
PLOV

PP

 $GKHVLRQ
RXQFHVIRUFHLQFK
1PP
LQZLGWK
 (ORQJDWLRQ
SHUFHQW
 7HQVLOH6WUHQJWK
OEILQFK
1PP
LQZLGWK
( 39'&7DSHIRU,QGRRU$SSOLFDWLRQV
:KLWHYDSRUUHWDUGHU39'&WDSHZLWKDFU\OLFDGKHVLYH  3UR3URGXFWV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVDYDLODEOHSURGXFWVWKDWPD\EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
 'RZ&KHPLFDO&RPSDQ\
7KH

6DUDQ9DSRU5HWDUGHU7DSH
 :LGWK
LQFKHV
PP

 )LOP7KLFNQHVV
PLOV
PP

 $GKHVLYH7KLFNQHVV
PLOV
PP

 (ORQJDWLRQDW%UHDN
SHUFHQW
 7HQVLOH6WUHQJWK
OEILQFK
1PP
LQZLGWK
) 39'&7DSHIRU2XWGRRU$SSOLFDWLRQV
:KLWHYDSRUUHWDUGHU39'&WDSHZLWKDFU\OLFDGKHVLYH  3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D 'RZ&KHPLFDO&RPSDQ\
7KH

6DUDQ9DSRU5HWDUGHU7DSH
 :LGWK
LQFKHV
PP

 )LOP7KLFNQHVV
PLOV
PP

 $GKHVLYH7KLFNQHVV
PLOV
PP

 (ORQJDWLRQDW%UHDN
SHUFHQW
 7HQVLOH6WUHQJWK
OEILQFK
1PP
LQZLGWK
 6(&85(0(176
$ $OXPLQXP%DQGV
$670%

$670%
0 $OOR\RU
7HPSHU+
LQFK
PP
WKLFNLQFK
PP
>LQFKZLGHZLWKFORVHGVHDO
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
D &KLOGHUV3URGXFWV
%DQGV
E 3$%&20HWDOV&RUSRUDWLRQ
%DQGV
F 5353URGXFWV,QF
%DQGV
% ,QVXODWLRQ3LQVDQG+DQJHUV

 0HWDO $GKHVLYHO\ $WWDFKHG 3HUIRUDWHG%DVH ,QVXODWLRQ +DQJHUV   %DVHSODWH ZHOGHG WR
SURMHFWLQJVSLQGOHWKDWLVFDSDEOHRIKROGLQJLQVXODWLRQRIWKLFNQHVVLQGLFDWHGVHFXUHO\LQ SRVLWLRQ LQGLFDWHG ZKHQ VHOIORFNLQJ ZDVKHU LV LQ SODFH  &RPSO\ ZLWK WKH IROORZLQJ

UHTXLUHPHQWV

 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 $*0,QGXVWULHV,QF
7DFWRR,QVXO+DQJHUV6HULHV7

 *(0&2
3HUIRUDWHG%DVH

 0LGZHVW)DVWHQHUV,QF
6SLQGOH
E %DVHSODWH
3HUIRUDWHGJDOYDQL]HGFDUERQVWHHOVKHHWLQFK PP
WKLFN
E\LQFKHV
PP
VTXDUH
F 6SLQGOH
$OXPLQXPIXOO\DQQHDOHGLQFK
PP
GLDPHWHUVKDQNOHQJWK
WRVXLWGHSWKRILQVXODWLRQLQGLFDWHG
G $GKHVLYH
  5HFRPPHQGHG E\ KDQJHU PDQXIDFWXUHU  3URGXFW ZLWK GHPRQVWUDWHG FDSDELOLW\ WR ERQG LQVXODWLRQ KDQJHU VHFXUHO\ WR VXEVWUDWHV LQGLFDWHG ZLWKRXW GDPDJLQJLQVXODWLRQKDQJHUVDQGVXEVWUDWHV
 1RQPHWDO $GKHVLYHO\ $WWDFKHG 3HUIRUDWHG%DVH ,QVXODWLRQ +DQJHUV   %DVHSODWH
IDVWHQHGWRSURMHFWLQJVSLQGOHWKDWLVFDSDEOHRIKROGLQJLQVXODWLRQRIWKLFNQHVVLQGLFDWHG VHFXUHO\ LQ SRVLWLRQ LQGLFDWHG ZKHQ VHOIORFNLQJ ZDVKHU LV LQ SODFH  &RPSO\ ZLWK WKH IROORZLQJUHTXLUHPHQWV

 3URGXFW3URGXFWV
6XEMHFWWRFRPSOLDQFHZLWKUHTXLUHPHQWVDYDLODEOHSURGXFWVWKDWPD\ EHLQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D *(0&2
1\ORQ+DQJHUV

 0LGZHVW)DVWHQHUV,QF
1\ORQ,QVXODWLRQ+DQJHUV
E %DVHSODWH
  3HUIRUDWHG Q\ORQ VKHHW  LQFK
 PP
 WKLFN E\  LQFKHV

PP
LQGLDPHWHU
F 6SLQGOH
  1\ORQ LQFK
PP
 GLDPHWHU VKDQN OHQJWK WR VXLW GHSWK RI
LQVXODWLRQLQGLFDWHGXSWRLQFKHV
PP

G $GKHVLYH
  5HFRPPHQGHG E\ KDQJHU PDQXIDFWXUHU  3URGXFW ZLWK GHPRQVWUDWHG FDSDELOLW\ WR ERQG LQVXODWLRQ KDQJHU VHFXUHO\ WR VXEVWUDWHV LQGLFDWHG ZLWKRXW GDPDJLQJLQVXODWLRQKDQJHUVDQGVXEVWUDWHV
 6HOI6WLFNLQJ%DVH ,QVXODWLRQ +DQJHUV
  %DVHSODWH ZHOGHG WR SURMHFWLQJ VSLQGOH WKDW LV FDSDEOHRIKROGLQJLQVXODWLRQRIWKLFNQHVVLQGLFDWHGVHFXUHO\LQSRVLWLRQLQGLFDWHGZKHQ VHOIORFNLQJZDVKHULVLQSODFH&RPSO\ZLWKWKHIROORZLQJUHTXLUHPHQWV 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 $*0,QGXVWULHV,QF
7DFWRR,QVXO+DQJHUV6HULHV76$

 *(0&2
3UHVVDQG3HHO

 0LGZHVW)DVWHQHUV,QF
6HOI6WLFN
E %DVHSODWH
*DOYDQL]HGFDUERQVWHHOVKHHWLQFK
PP
WKLFNE\LQFKHV

PP
VTXDUH
F 6SLQGOH
$OXPLQXPIXOO\DQQHDOHGLQFK
PP
GLDPHWHUVKDQNOHQJWK
WRVXLWGHSWKRILQVXODWLRQLQGLFDWHG
G $GKHVLYHEDFNHGEDVHZLWKDSHHORIISURWHFWLYHFRYHU  ,QVXODWLRQ5HWDLQLQJ:DVKHUV
6HOIORFNLQJZDVKHUVIRUPHGIURPLQFK
PP

WKLFNDOXPLQXPVKHHWZLWKEHYHOHGHGJHVL]HGDVUHTXLUHGWRKROGLQVXODWLRQVHFXUHO\LQ SODFHEXWQRWOHVVWKDQLQFKHV
PP
LQGLDPHWHU
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 $*0,QGXVWULHV,QF
5&

 *(0&2
5

 0LGZHVW)DVWHQHUV,QF
:$

 1HOVRQ6WXG:HOGLQJ
6SHHG&OLSV
D 3URWHFWHQGVZLWKFDSSHGVHOIORFNLQJZDVKHUVLQFRUSRUDWLQJDVSULQJVWHHOLQVHUWWR HQVXUHSHUPDQHQWUHWHQWLRQRIFDSLQH[SRVHGORFDWLRQV

 1RQPHWDO,QVXODWLRQ5HWDLQLQJ:DVKHUV
6HOIORFNLQJ ZDVKHUVIRUPHGIURP LQFK

PP
 WKLFN Q\ORQ VKHHW ZLWK EHYHOHG HGJH VL]HG DV UHTXLUHG WR KROG LQVXODWLRQ VHFXUHO\LQSODFHEXWQRWOHVVWKDQLQFKHV
PP
LQGLDPHWHU
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 

 *(0&2

 0LGZHVW)DVWHQHUV,QF
& 6WDSOHV
2XWZDUGFOLQFKLQJLQVXODWLRQVWDSOHVQRPLQDOLQFK 
PP
ZLGHVWDLQOHVVVWHHO
RU0RQHO
' :LUH
LQFK
PP
VRIWDQQHDOHGVWDLQOHVVVWHHO
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
D & ):LUH
E &KLOGHUV3URGXFWV
F 3$%&20HWDOV&RUSRUDWLRQ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
G 5353URGXFWV,QF
 3URGXFWV
  6XEMHFW WR FRPSOLDQFH ZLWK UHTXLUHPHQWV DYDLODEOH SURGXFWV WKDW PD\ EH LQFRUSRUDWHGLQWRWKH:RUNLQFOXGHEXWDUHQRWOLPLWHGWRWKHIROORZLQJ 
 &251(5$1*/(6
$ 39& &RUQHU $QJOHV
   PLOV
 PP
 WKLFN PLQLPXP  E\  LQFK
 E\  PP
 39&
DFFRUGLQJWR$670'&ODVV&:KLWHRUFRORUFRGHGWRPDWFKDGMDFHQWVXUIDFH % $OXPLQXP &RUQHU $QJOHV
   LQFK
 PP
 WKLFN PLQLPXP  E\  LQFK
 E\  PP

DOXPLQXP DFFRUGLQJ WR $670%

$670%
0  $OOR\   RU 

7HPSHU+
3$57(;(&87,21
 35(3$5$7,21
$ 6XUIDFH3UHSDUDWLRQ
&OHDQDQGGU\VXUIDFHVWRUHFHLYHLQVXODWLRQ5HPRYHPDWHULDOVWKDWZLOO DGYHUVHO\DIIHFWLQVXODWLRQDSSOLFDWLRQ
% &RRUGLQDWH LQVXODWLRQ LQVWDOODWLRQ ZLWK WKH WUDGH LQVWDOOLQJ KHDW WUDFLQJ  &RPSO\ ZLWK UHTXLUHPHQWVIRUKHDWWUDFLQJWKDWDSSO\WRLQVXODWLRQ & 0L[LQVXODWLQJFHPHQWVZLWKFOHDQSRWDEOHZDWHU
LILQVXODWLQJFHPHQWVDUHWREHLQFRQWDFWZLWK
VWDLQOHVVVWHHOVXUIDFHVXVHGHPLQHUDOL]HGZDWHU
 *(1(5$/,167$//$7,215(48,5(0(176
$ ,QVWDOOLQVXODWLRQPDWHULDOVDFFHVVRULHVDQGILQLVKHVZLWKVPRRWKVWUDLJKWDQGHYHQVXUIDFHV 
IUHHRIYRLGVWKURXJKRXWWKHOHQJWKRIHTXLSPHQWGXFWVDQGILWWLQJVDQGSLSLQJLQFOXGLQJILWWLQJV YDOYHVDQGVSHFLDOWLHV
% ,QVWDOOLQVXODWLRQPDWHULDOVIRUPVYDSRUEDUULHUVRUUHWDUGHUVMDFNHWVDQGWKLFNQHVVHVUHTXLUHG IRU HDFK LWHP RI HTXLSPHQW GXFW V\VWHP DQG SLSH V\VWHP DV VSHFLILHG LQ LQVXODWLRQ V\VWHP VFKHGXOHV
& ,QVWDOO DFFHVVRULHV FRPSDWLEOH ZLWK LQVXODWLRQ PDWHULDOV DQG VXLWDEOH IRU WKH VHUYLFH  ,QVWDOO DFFHVVRULHVWKDWGRQRWFRUURGHVRIWHQRURWKHUZLVHDWWDFNLQVXODWLRQRUMDFNHWLQHLWKHUZHWRU GU\VWDWH
' ,QVWDOOLQVXODWLRQZLWKORQJLWXGLQDOVHDPVDWWRSDQGERWWRPRIKRUL]RQWDOUXQV ( ,QVWDOOPXOWLSOHOD\HUVRILQVXODWLRQZLWKORQJLWXGLQDODQGHQGVHDPVVWDJJHUHG -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
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
 &RYHULQVHUWVZLWKMDFNHWPDWHULDOPDWFKLQJDGMDFHQWSLSHLQVXODWLRQ,QVWDOOVKLHOGVRYHU MDFNHWDUUDQJHGWRSURWHFWMDFNHWIURPWHDURUSXQFWXUHE\KDQJHUVXSSRUWDQGVKLHOG . $SSO\DGKHVLYHVPDVWLFVDQGVHDODQWVDWPDQXIDFWXUHU VUHFRPPHQGHGFRYHUDJHUDWHDQGZHW
DQGGU\ILOPWKLFNQHVVHV
/ ,QVWDOOLQVXODWLRQZLWKIDFWRU\DSSOLHGMDFNHWVDVIROORZV 
 'UDZMDFNHWWLJKWDQGVPRRWK
 &RYHU FLUFXPIHUHQWLDO MRLQWV ZLWK LQFK
PP
 ZLGH VWULSV RI VDPH PDWHULDO DV
LQVXODWLRQMDFNHW6HFXUHVWULSVZLWKDGKHVLYHDQGRXWZDUGFOLQFKLQJVWDSOHVDORQJERWK HGJHVRIVWULSVSDFHGLQFKHV
PP
RF
 2YHUODSMDFNHWORQJLWXGLQDO VHDPVDWOHDVW LQFKHV PP
,QVWDOO LQVXODWLRQ ZLWK
ORQJLWXGLQDOVHDPVDWERWWRPRISLSH&OHDQDQGGU\VXUIDFHWR UHFHLYHVHOIVHDOLQJODS 6WDSOHODSVZLWKRXWZDUGFOLQFKLQJVWDSOHVDORQJHGJHDWLQFKHVRF D )RUEHORZDPELHQWVHUYLFHVDSSO\YDSRUEDUULHUPDVWLFRYHUVWDSOHV  &RYHUMRLQWVDQGVHDPVZLWKWDSHDV UHFRPPHQGHGE\LQVXODWLRQPDWHULDOPDQXIDFWXUHU WRPDLQWDLQYDSRUVHDO
 :KHUHYDSRUEDUULHUVDUHLQGLFDWHGDSSO\YDSRUEDUULHUPDVWLFRQVHDPVDQGMRLQWVDQG DWHQGVDGMDFHQWWRGXFWDQGSLSHIODQJHVDQGILWWLQJV 0 &XWLQVXODWLRQLQDPDQQHUWRDYRLGFRPSUHVVLQJLQVXODWLRQPRUHWKDQSHUFHQWRILWVQRPLQDO WKLFNQHVV
1 )LQLVKLQVWDOODWLRQZLWKV\VWHPVDWRSHUDWLQJFRQGLWLRQV5HSDLUMRLQWVHSDUDWLRQVDQGFUDFNLQJ GXHWRWKHUPDOPRYHPHQW
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJH
RI
2 5HSDLU GDPDJHG LQVXODWLRQ IDFLQJV E\ DSSO\LQJ VDPH IDFLQJ PDWHULDO RYHU GDPDJHG DUHDV ([WHQGSDWFKHVDWOHDVWLQFKHV
PP
EH\RQGGDPDJHGDUHDV$GKHUHVWDSOHDQGVHDO
SDWFKHVVLPLODUWREXWWMRLQWV
3 )RUDERYHDPELHQWVHUYLFHVGRQRWLQVWDOOLQVXODWLRQWRWKHIROORZLQJ 
 9LEUDWLRQFRQWUROGHYLFHV
 7HVWLQJDJHQF\ODEHOVDQGVWDPSV
 1DPHSODWHVDQGGDWDSODWHV
 0DQKROHV
 +DQGKROHV
 &OHDQRXWV
 3(1(75$7,216
$ ,QVXODWLRQ ,QVWDOODWLRQ DW 5RRI 3HQHWUDWLRQV
  ,QVWDOO LQVXODWLRQ FRQWLQXRXVO\ WKURXJK URRI
SHQHWUDWLRQV
 6HDOSHQHWUDWLRQVZLWKIODVKLQJVHDODQW
 )RUDSSOLFDWLRQV UHTXLULQJRQO\LQGRRULQVXODWLRQWHUPLQDWHLQVXODWLRQDERYH URRIVXUIDFH DQG VHDO ZLWK MRLQW VHDODQW  )RU DSSOLFDWLRQV UHTXLULQJ LQGRRU DQG RXWGRRU LQVXODWLRQ LQVWDOO LQVXODWLRQ IRU RXWGRRU DSSOLFDWLRQV WLJKWO\ MRLQHG WR LQGRRU LQVXODWLRQ HQGV  6HDO MRLQWZLWKMRLQWVHDODQW
 ([WHQGMDFNHWRIRXWGRRULQVXODWLRQRXWVLGHURRIIODVKLQJDWOHDVWLQFKHV PP
EHORZ
WRSRIURRIIODVKLQJ
 6HDOMDFNHWWRURRIIODVKLQJZLWKIODVKLQJVHDODQW % ,QVXODWLRQ ,QVWDOODWLRQ DW 8QGHUJURXQG ([WHULRU :DOO 3HQHWUDWLRQV   7HUPLQDWH LQVXODWLRQ IOXVK
ZLWKVOHHYHVHDO6HDOWHUPLQDWLRQVZLWKIODVKLQJVHDODQW & ,QVXODWLRQ,QVWDOODWLRQDW$ERYHJURXQG([WHULRU:DOO3HQHWUDWLRQV ,QVWDOOLQVXODWLRQFRQWLQXRXVO\
WKURXJKZDOOSHQHWUDWLRQV
 6HDOSHQHWUDWLRQVZLWKIODVKLQJVHDODQW
 )RUDSSOLFDWLRQV UHTXLULQJRQO\LQGRRULQVXODWLRQWHUPLQDWHLQVXODWLRQLQVLGHZDOO VXUIDFH DQG VHDO ZLWK MRLQW VHDODQW  )RU DSSOLFDWLRQV UHTXLULQJ LQGRRU DQG RXWGRRU LQVXODWLRQ LQVWDOO LQVXODWLRQ IRU RXWGRRU DSSOLFDWLRQV WLJKWO\ MRLQHG WR LQGRRU LQVXODWLRQ HQGV  6HDO MRLQWZLWKMRLQWVHDODQW
 ([WHQGMDFNHWRIRXWGRRULQVXODWLRQRXWVLGHZDOOIODVKLQJDQGRYHUODSZDOOIODVKLQJDWOHDVW LQFKHV
PP

 6HDOMDFNHWWRZDOOIODVKLQJZLWKIODVKLQJVHDODQW ' ,QVXODWLRQ ,QVWDOODWLRQ DW ,QWHULRU :DOO DQG 3DUWLWLRQ 3HQHWUDWLRQV 7KDW $UH 1RW )LUH 5DWHG


,QVWDOOLQVXODWLRQFRQWLQXRXVO\WKURXJKZDOOVDQGSDUWLWLRQV ( ,QVXODWLRQ ,QVWDOODWLRQ DW )LUH5DWHG :DOO DQG 3DUWLWLRQ 3HQHWUDWLRQV   ,QVWDOO LQVXODWLRQ
FRQWLQXRXVO\WKURXJKSHQHWUDWLRQVRIILUHUDWHGZDOOVDQGSDUWLWLRQV7HUPLQDWHLQVXODWLRQDWILUH -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
GDPSHU VOHHYHV IRU ILUHUDWHG ZDOO DQG SDUWLWLRQ SHQHWUDWLRQV  ([WHUQDOO\ LQVXODWH GDPSHU VOHHYHVWRPDWFKDGMDFHQWLQVXODWLRQDQGRYHUODSGXFWLQVXODWLRQDWOHDVWLQFKHV PP

 &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ 6HFWLRQ 3HQHWUDWLRQ )LUHVWRSSLQJLUHVWRSSLQJ DQGILUHUHVLVWLYHMRLQWVHDOHUV
) ,QVXODWLRQ,QVWDOODWLRQDW)ORRU3HQHWUDWLRQV

 'XFW
,QVWDOOLQVXODWLRQFRQWLQXRXVO\WKURXJKIORRUSHQHWUDWLRQVWKDWDUHQRWILUHUDWHG)RU SHQHWUDWLRQV WKURXJK ILUHUDWHG DVVHPEOLHV WHUPLQDWH LQVXODWLRQ DW ILUH GDPSHU VOHHYHV DQG H[WHUQDOO\ LQVXODWH GDPSHU VOHHYH EH\RQG IORRU WR PDWFK DGMDFHQW GXFW LQVXODWLRQ 2YHUODSGDPSHUVOHHYHDQGGXFWLQVXODWLRQDWOHDVWLQFKHV PP

 3LSH
,QVWDOOLQVXODWLRQFRQWLQXRXVO\WKURXJKIORRUSHQHWUDWLRQV  6HDO SHQHWUDWLRQV WKURXJK ILUHUDWHG DVVHPEOLHV  &RPSO\ ZLWK UHTXLUHPHQWV LQ 'LYLVLRQ 6HFWLRQ 3HQHWUDWLRQ )LUHVWRSSLQJ(48,30(17 7$1. $1' 9(66(/ ,168/$7,21 ,167$//$7,21
$ 0LQHUDO)LEHU3LSHDQG7DQN,QVXODWLRQ,QVWDOODWLRQIRU7DQNVDQG9HVVHOV 6HFXUHLQVXODWLRQ
ZLWKDGKHVLYHDQGDQFKRUSLQVDQGVSHHGZDVKHUV
 $SSO\ DGKHVLYHV DFFRUGLQJ WR PDQXIDFWXUHU
V UHFRPPHQGHG FRYHUDJH UDWHV SHU XQLW
DUHDIRUFRYHUDJHRIWDQNDQGYHVVHOVXUIDFHV
 *URRYHDQGVFRUHLQVXODWLRQPDWHULDOVWRILWDVFORVHO\DVSRVVLEOHWRHTXLSPHQWLQFOXGLQJ FRQWRXUV  %HYHO LQVXODWLRQ HGJHV IRU F\OLQGULFDO VXUIDFHV IRU WLJKW MRLQWV  6WDJJHU HQG MRLQWV
 3URWHFWH[SRVHGFRUQHUVZLWKVHFXUHGFRUQHUDQJOHV  ,QVWDOO DGKHVLYHO\ DWWDFKHG RU VHOIVWLFNLQJ LQVXODWLRQ KDQJHUV DQG VSHHG ZDVKHUV RQ VLGHVRIWDQNVDQGYHVVHOVDVIROORZV

D 'RQRWZHOGDQFKRUSLQVWR$60(ODEHOHGSUHVVXUHYHVVHOV E 6HOHFW LQVXODWLRQ KDQJHUV DQG DGKHVLYH WKDW DUH FRPSDWLEOH ZLWK VHUYLFH WHPSHUDWXUHDQGZLWKVXEVWUDWH
F 2Q WDQNV DQG YHVVHOV PD[LPXP DQFKRUSLQ VSDFLQJ LV  LQFKHV  PP
 IURP
LQVXODWLRQHQGMRLQWVDQGLQFKHV
PP
RFLQERWKGLUHFWLRQV
G 'RQRWRYHUFRPSUHVVLQVXODWLRQGXULQJLQVWDOODWLRQ H &XW DQGPLWHULQVXODWLRQ VHJPHQWVWRILW FXUYHG VLGHVDQGGRPHG KHDGVRIWDQNV DQGYHVVHOV
I ,PSDOHLQVXODWLRQRYHUDQFKRUSLQVDQGDWWDFKVSHHGZDVKHUV J &XWH[FHVVSRUWLRQRISLQVH[WHQGLQJEH\RQGVSHHGZDVKHUVRUEHQGSDUDOOHOZLWK LQVXODWLRQVXUIDFH&RYHUH[SRVHGSLQVDQGZDVKHUVZLWKWDSHPDWFKLQJLQVXODWLRQ IDFLQJ
 6HFXUH HDFK OD\HU RI LQVXODWLRQ ZLWK VWDLQOHVVVWHHO RU DOXPLQXP EDQGV  6HOHFW EDQG PDWHULDOFRPSDWLEOHZLWKLQVXODWLRQPDWHULDOV
 :KHUH LQVXODWLRQ KDQJHUV RQ HTXLSPHQW DQG YHVVHOV DUH QRW SHUPLWWHG RU SUDFWLFDO DQG ZKHUH LQVXODWLRQ VXSSRUW ULQJV DUH QRW SURYLGHG LQVWDOO D JLUGOH QHWZRUN IRU VHFXULQJ LQVXODWLRQ  6WUHWFK SUHVWUHVVHG DLUFUDIW FDEOH DURXQG WKH GLDPHWHU RI YHVVHO DQG PDNH -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
WDXW ZLWK FODPSV WXUQEXFNOHV RU EUHDWKHU VSULQJV  3ODFH RQH FLUFXPIHUHQWLDO JLUGOH DURXQGHTXLSPHQWDSSUR[LPDWHO\LQFKHV
PP
IURPHDFKHQG,QVWDOOZLUHRUFDEOH
EHWZHHQWZR FLUFXPIHUHQWLDOJLUGOHVLQFKHV
PP
RF,QVWDOODZLUH ULQJDURXQG
HDFKHQGDQGDURXQGRXWHUSHULSKHU\RIFHQWHURSHQLQJVDQGVWUHWFKSUHVWUHVVHGDLUFUDIW FDEOH UDGLDOO\ IURP WKH ZLUH ULQJ WR QHDUHVW FLUFXPIHUHQWLDO JLUGOH  ,QVWDOO DGGLWLRQDO FLUFXPIHUHQWLDOJLUGOHVDORQJWKHERG\RIHTXLSPHQWRUWDQNDWDPLQLPXPVSDFLQJRI LQFKHV
PP
RF8VHWKLVQHWZRUNIRUVHFXULQJLQVXODWLRQZLWKWLHZLUHRUEDQGV  6WDJJHUMRLQWVEHWZHHQLQVXODWLRQOD\HUVDWOHDVWLQFKHV PP

 ,QVWDOO LQVXODWLRQ LQ UHPRYDEOH VHJPHQWV RQ HTXLSPHQW DFFHVV GRRUV PDQKROHV KDQGKROHVDQGRWKHUHOHPHQWVWKDWUHTXLUHIUHTXHQWUHPRYDOIRUVHUYLFHDQGLQVSHFWLRQ

 %HYHO DQG VHDO LQVXODWLRQ HQGV DURXQG PDQKROHV KDQGKROHV $60( VWDPSV DQG QDPHSODWHV
 )RU HTXLSPHQW ZLWK VXUIDFH WHPSHUDWXUHV EHORZ DPELHQW DSSO\ PDVWLF WR RSHQ HQGV MRLQWVVHDPVEUHDNVDQGSXQFWXUHVLQLQVXODWLRQ
% )OH[LEOH (ODVWRPHULF 7KHUPDO ,QVXODWLRQ ,QVWDOODWLRQ IRU 7DQNV DQG 9HVVHOV   ,QVWDOO LQVXODWLRQ
RYHUHQWLUHVXUIDFHRIWDQNVDQGYHVVHOV
 $SSO\  SHUFHQW FRYHUDJH RI DGKHVLYH WR VXUIDFH ZLWK PDQXIDFWXUHU V UHFRPPHQGHG
DGKHVLYH
 6HDOORQJLWXGLQDOVHDPVDQGHQGMRLQWV
& ,QVXODWLRQ,QVWDOODWLRQRQ3XPSV

 )DEULFDWHPHWDO ER[HV OLQHGZLWKLQVXODWLRQ)LW ER[HVDURXQG SXPSVDQG FRLQFLGHER[ MRLQWV ZLWK VSOLWV LQ SXPS FDVLQJV  )DEULFDWH MRLQWV ZLWK RXWZDUG EROWHG IODQJHV  %ROW IODQJHV RQ LQFK
PP
 FHQWHUV VWDUWLQJ DW FRUQHUV  ,QVWDOO LQFK PP

GLDPHWHUIDVWHQHUVZLWKZLQJQXWV$OWHUQDWLYHO\VHFXUHWKHER[VHFWLRQVWRJHWKHUXVLQJ DODWFKLQJPHFKDQLVP
 )DEULFDWHER[HVIURPDOXPLQXPDWOHDVWLQFKWKLFN  )RU EHORZ DPELHQW VHUYLFHV LQVWDOO D YDSRU EDUULHU DW VHDPV MRLQWV DQG SHQHWUDWLRQV 6HDOEHWZHHQIODQJHVZLWKUHSODFHDEOHJDVNHWPDWHULDOWRIRUPDYDSRUEDUULHU  *(1(5$/3,3(,168/$7,21,167$//$7,21
$ 5HTXLUHPHQWV LQ WKLV DUWLFOH JHQHUDOO\ DSSO\ WR DOO LQVXODWLRQ PDWHULDOV H[FHSW ZKHUH PRUH VSHFLILFUHTXLUHPHQWVDUHVSHFLILHGLQYDULRXVSLSHLQVXODWLRQPDWHULDOLQVWDOODWLRQDUWLFOHV % ,QVXODWLRQ,QVWDOODWLRQRQ)LWWLQJV9DOYHV6WUDLQHUV)ODQJHVDQG8QLRQV 
 ,QVWDOOLQVXODWLRQRYHUILWWLQJVYDOYHVVWUDLQHUVIODQJHVXQLRQVDQGRWKHUVSHFLDOWLHVZLWK FRQWLQXRXVWKHUPDODQGYDSRUUHWDUGHULQWHJULW\XQOHVVRWKHUZLVHLQGLFDWHG  ,QVXODWHSLSHHOERZVXVLQJSUHIRUPHGILWWLQJLQVXODWLRQRUPLWHUHGILWWLQJVPDGHIURPVDPH PDWHULDO DQG GHQVLW\ DV DGMDFHQW SLSH LQVXODWLRQ  (DFK SLHFH VKDOO EH EXWWHG WLJKWO\ DJDLQVWDGMRLQLQJSLHFHDQGERQGHGZLWKDGKHVLYH)LOOMRLQWVVHDPVYRLGVDQGLUUHJXODU VXUIDFHV ZLWK LQVXODWLQJ FHPHQWILQLVKHGWR D VPRRWK KDUG DQG XQLIRUP FRQWRXUWKDW LV XQLIRUPZLWKDGMRLQLQJSLSHLQVXODWLRQ
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 ,QVXODWHWHHILWWLQJVZLWKSUHIRUPHGILWWLQJ LQVXODWLRQRU VHFWLRQDOSLSHLQVXODWLRQ RI VDPH PDWHULDODQGWKLFNQHVVDVXVHGIRUDGMDFHQWSLSH&XWVHFWLRQDOSLSHLQVXODWLRQWRILW%XWW HDFK VHFWLRQ FORVHO\ WR WKH QH[W DQG KROG LQ SODFH ZLWK WLH ZLUH  %RQG SLHFHV ZLWK DGKHVLYH
 ,QVXODWH YDOYHV XVLQJ SUHIRUPHG ILWWLQJ LQVXODWLRQ RU VHFWLRQDO SLSH LQVXODWLRQ RI VDPH PDWHULDO GHQVLW\ DQG WKLFNQHVV DV XVHG IRU DGMDFHQW SLSH  2YHUODS DGMRLQLQJ SLSH LQVXODWLRQ E\ QRW OHVV WKDQ WZR WLPHV WKH WKLFNQHVV RI SLSH LQVXODWLRQ RU RQH SLSH GLDPHWHU ZKLFKHYHU LV WKLFNHU  )RU YDOYHV LQVXODWH XS WR DQG LQFOXGLQJ WKH ERQQHWV YDOYH VWXIILQJER[ VWXGV EROWV DQG QXWV)LOO MRLQWV VHDPV DQG LUUHJXODU VXUIDFHV ZLWK LQVXODWLQJFHPHQW
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
 ,QVXODWH IODQJHV DQG XQLRQV XVLQJ D VHFWLRQ RI RYHUVL]HG SUHIRUPHG SLSH LQVXODWLRQ 2YHUODS DGMRLQLQJ SLSH LQVXODWLRQ E\ QRW OHVV WKDQ WZR WLPHV WKH WKLFNQHVV RI SLSH LQVXODWLRQRURQHSLSHGLDPHWHUZKLFKHYHULVWKLFNHU  &RYHU VHJPHQWHG LQVXODWHG VXUIDFHV ZLWK D OD\HU RI ILQLVKLQJ FHPHQW DQG FRDW ZLWK D PDVWLF,QVWDOOYDSRUEDUULHUPDVWLFIRUEHORZDPELHQWVHUYLFHVDQGDEUHDWKHUPDVWLFIRU DERYHDPELHQWVHUYLFHV5HLQIRUFHWKHPDVWLFZLWKIDEULFUHLQIRUFLQJPHVK7URZHOWKH PDVWLFWRDVPRRWKDQGZHOOVKDSHGFRQWRXU
 )RUVHUYLFHVQRWVSHFLILHGWRUHFHLYHDILHOGDSSOLHGMDFNHWH[FHSWIRUIOH[LEOHHODVWRPHULF DQGSRO\ROHILQLQVWDOOILWWHG39&FRYHURYHUHOERZVWHHVVWUDLQHUVYDOYHVIODQJHVDQG XQLRQV7HUPLQDWHHQGVZLWK39& HQG FDSV7DSH39& FRYHUVWRDGMRLQLQJ LQVXODWLRQ IDFLQJXVLQJ39&WDSH

 6WHQFLORUODEHOWKHRXWVLGHLQVXODWLRQMDFNHWRIHDFKXQLRQZLWKWKHZRUG81,210DWFK VL]HDQGFRORURISLSHODEHOV
& ,QVXODWHLQVWUXPHQWFRQQHFWLRQVIRUWKHUPRPHWHUVSUHVVXUHJDJHVSUHVVXUHWHPSHUDWXUHWDSV WHVWFRQQHFWLRQVIORZPHWHUVVHQVRUVVZLWFKHVDQGWUDQVPLWWHUVRQLQVXODWHGSLSHVYHVVHOV DQG HTXLSPHQW  6KDSH LQVXODWLRQ DW WKHVH FRQQHFWLRQV E\ WDSHULQJ LW WR DQG DURXQG WKH FRQQHFWLRQZLWKLQVXODWLQJFHPHQWDQGILQLVKZLWKILQLVKLQJFHPHQWPDVWLFDQGIODVKLQJVHDODQW ' ,QVWDOO UHPRYDEOH LQVXODWLRQ FRYHUV DW ORFDWLRQV LQGLFDWHG  ,QVWDOODWLRQ VKDOO FRQIRUP WR WKH

IROORZLQJ

 0DNH UHPRYDEOH IODQJH DQG XQLRQ LQVXODWLRQ IURP VHFWLRQDO SLSH LQVXODWLRQ RI VDPH WKLFNQHVV DV WKDW RQ DGMRLQLQJ SLSH  ,QVWDOO VDPH LQVXODWLRQ MDFNHW DV DGMRLQLQJ SLSH LQVXODWLRQ
 :KHQIODQJHDQGXQLRQFRYHUVDUHPDGHIURPVHFWLRQDOSLSHLQVXODWLRQH[WHQGLQVXODWLRQ IURPIODQJHVRUXQLRQORQJDWOHDVWWZRWLPHVWKHLQVXODWLRQWKLFNQHVVRYHUDGMDFHQWSLSH LQVXODWLRQRQHDFKVLGHRIIODQJHRUXQLRQ6HFXUHIODQJHFRYHULQSODFHZLWKVWDLQOHVV VWHHORUDOXPLQXPEDQGV6HOHFWEDQGPDWHULDOFRPSDWLEOHZLWKLQVXODWLRQDQGMDFNHW  &RQVWUXFWUHPRYDEOHYDOYHLQVXODWLRQFRYHUVLQVDPHPDQQHUDVIRUIODQJHVH[FHSWGLYLGH WKHWZRSDUWVHFWLRQRQWKHYHUWLFDOFHQWHUOLQHRIYDOYHERG\ -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 :KHQ FRYHUV DUH PDGH IURP EORFN LQVXODWLRQ PDNH WZR KDOYHV HDFK FRQVLVWLQJ RI PLWHUHG EORFNV ZLUHGWR VWDLQOHVVVWHHOIDEULF6HFXUHWKLV ZLUHIUDPH ZLWK LWV DWWDFKHG LQVXODWLRQ WR IODQJHV ZLWK WLH ZLUH  ([WHQG LQVXODWLRQ DW OHDVW  LQFKHV  PP
 RYHU
DGMDFHQWSLSHLQVXODWLRQRQHDFKVLGHRIYDOYH)LOOVSDFHEHWZHHQIODQJHRUXQLRQFRYHU DQGSLSHLQVXODWLRQZLWKLQVXODWLQJFHPHQW)LQLVKFRYHUDVVHPEO\ZLWKLQVXODWLQJFHPHQW DSSOLHG LQWZR FRDWV$IWHUILUVW FRDW LV GU\ DSSO\ DQGWURZHO VHFRQG FRDWWR D VPRRWK ILQLVK
 8QOHVV D 39& MDFNHW LV LQGLFDWHG LQ ILHOGDSSOLHG MDFNHW VFKHGXOHV ILQLVK H[SRVHG VXUIDFHVZLWKDPHWDOMDFNHW
 &(//8/$5*/$66,168/$7,21,167$//$7,21
$ ,QVXODWLRQ,QVWDOODWLRQRQ6WUDLJKW3LSHVDQG7XEHV 
 6HFXUH HDFK OD\HU RI LQVXODWLRQ WR SLSH ZLWK ZLUH RU EDQGV DQG WLJKWHQ EDQGV ZLWKRXW GHIRUPLQJLQVXODWLRQPDWHULDOV
 :KHUHYDSRUEDUULHUVDUHLQGLFDWHGVHDOORQJLWXGLQDOVHDPVHQGMRLQWVDQGSURWUXVLRQV ZLWKYDSRUEDUULHUPDVWLFDQGMRLQWVHDODQW
 )RU LQVXODWLRQ ZLWKIDFWRU\DSSOLHG MDFNHWV RQ DERYH DPELHQW VHUYLFHV VHFXUH ODSV ZLWK RXWZDUGFOLQFKHGVWDSOHVDWLQFKHV
PP
RF
 )RU LQVXODWLRQ ZLWK IDFWRU\DSSOLHG MDFNHWV RQ EHORZ DPELHQW VHUYLFHV GR QRW VWDSOH ORQJLWXGLQDOWDEVEXWVHFXUHWDEVZLWKDGGLWLRQDODGKHVLYHDVUHFRPPHQGHGE\LQVXODWLRQ PDWHULDOPDQXIDFWXUHUDQGVHDOZLWKYDSRUEDUULHUPDVWLFDQGIODVKLQJVHDODQW % ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)ODQJHV

 ,QVWDOOSUHIRUPHGSLSHLQVXODWLRQWRRXWHUGLDPHWHURISLSHIODQJH  0DNHZLGWKRILQVXODWLRQVHFWLRQVDPHDVRYHUDOOZLGWKRIIODQJHDQGEROWVSOXVWZLFHWKH WKLFNQHVVRISLSHLQVXODWLRQ
 )LOO YRLGV EHWZHHQ LQQHU FLUFXPIHUHQFH RI IODQJH LQVXODWLRQ DQG RXWHU FLUFXPIHUHQFH RI DGMDFHQW VWUDLJKW SLSH VHJPHQWV ZLWK FXW VHFWLRQV RI FHOOXODUJODVV EORFN LQVXODWLRQ RI VDPHWKLFNQHVVDVSLSHLQVXODWLRQ
 ,QVWDOO MDFNHW PDWHULDO ZLWK PDQXIDFWXUHU
V UHFRPPHQGHG DGKHVLYH RYHUODS VHDPV DW
OHDVWLQFK
PP
DQGVHDOMRLQWVZLWKIODVKLQJVHDODQW
& ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)LWWLQJVDQG(OERZV 
 ,QVWDOOSUHIRUPHGVHFWLRQVRIVDPHPDWHULDODVVWUDLJKWVHJPHQWVRISLSHLQVXODWLRQZKHQ DYDLODEOH6HFXUHDFFRUGLQJWRPDQXIDFWXUHU
VZULWWHQLQVWUXFWLRQV
 :KHQ SUHIRUPHG VHFWLRQV RI LQVXODWLRQ DUH QRW DYDLODEOH LQVWDOO PLWHUHG VHFWLRQV RI FHOOXODUJODVVLQVXODWLRQ6HFXUHLQVXODWLRQPDWHULDOVZLWKZLUHRUEDQGV ' ,QVXODWLRQ,QVWDOODWLRQRQ9DOYHVDQG3LSH6SHFLDOWLHV 
 ,QVWDOOSUHIRUPHGVHFWLRQVRIFHOOXODUJODVVLQVXODWLRQWRYDOYHERG\  $UUDQJH LQVXODWLRQ WR SHUPLW DFFHVV WR SDFNLQJ DQG WR DOORZ YDOYH RSHUDWLRQ ZLWKRXW GLVWXUELQJLQVXODWLRQ
 ,QVWDOOLQVXODWLRQWRIODQJHVDVVSHFLILHGIRUIODQJHLQVXODWLRQDSSOLFDWLRQ -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 )/(;,%/((/$6720(5,&,168/$7,21,167$//$7,21
$ 6HDOORQJLWXGLQDOVHDPVDQGHQGMRLQWVZLWKPDQXIDFWXUHU VUHFRPPHQGHGDGKHVLYHWRHOLPLQDWH
RSHQLQJVLQLQVXODWLRQWKDWDOORZSDVVDJHRIDLUWRVXUIDFHEHLQJLQVXODWHG % ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)ODQJHV

 ,QVWDOOSLSHLQVXODWLRQWRRXWHUGLDPHWHURISLSHIODQJH  0DNHZLGWKRILQVXODWLRQVHFWLRQVDPHDVRYHUDOOZLGWKRIIODQJHDQGEROWVSOXVWZLFHWKH WKLFNQHVVRISLSHLQVXODWLRQ
 )LOO YRLGV EHWZHHQ LQQHU FLUFXPIHUHQFH RI IODQJH LQVXODWLRQ DQG RXWHU FLUFXPIHUHQFH RI DGMDFHQW VWUDLJKWSLSH VHJPHQWVZLWK FXW VHFWLRQVRI VKHHWLQVXODWLRQRI VDPHWKLFNQHVV DVSLSHLQVXODWLRQ
 6HFXUHLQVXODWLRQWRIODQJHVDQGVHDOVHDPVZLWKPDQXIDFWXUHU VUHFRPPHQGHGDGKHVLYH
WRHOLPLQDWHRSHQLQJVLQLQVXODWLRQWKDWDOORZSDVVDJHRIDLUWRVXUIDFHEHLQJLQVXODWHG & ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)LWWLQJVDQG(OERZV 
 ,QVWDOOPLWHUHGVHFWLRQVRISLSHLQVXODWLRQ
 6HFXUHLQVXODWLRQPDWHULDOVDQGVHDOVHDPVZLWKPDQXIDFWXUHU VUHFRPPHQGHGDGKHVLYH
WRHOLPLQDWHRSHQLQJVLQLQVXODWLRQWKDWDOORZSDVVDJHRIDLUWRVXUIDFHEHLQJLQVXODWHG ' ,QVXODWLRQ,QVWDOODWLRQRQ9DOYHVDQG3LSH6SHFLDOWLHV 
 ,QVWDOO SUHIRUPHG YDOYH FRYHUV PDQXIDFWXUHG RI VDPH PDWHULDO DV SLSH LQVXODWLRQ ZKHQ DYDLODEOH
 :KHQ SUHIRUPHG YDOYH FRYHUV DUH QRW DYDLODEOH LQVWDOO FXW VHFWLRQV RI SLSH DQG VKHHW LQVXODWLRQ WR YDOYH ERG\  $UUDQJH LQVXODWLRQ WR SHUPLW DFFHVV WR SDFNLQJ DQG WR DOORZ YDOYHRSHUDWLRQZLWKRXWGLVWXUELQJLQVXODWLRQ
 ,QVWDOOLQVXODWLRQWRIODQJHVDVVSHFLILHGIRUIODQJHLQVXODWLRQDSSOLFDWLRQ  6HFXUH LQVXODWLRQ WR YDOYHV DQG VSHFLDOWLHV DQG VHDO VHDPV ZLWK PDQXIDFWXUHU V
UHFRPPHQGHG DGKHVLYHWR HOLPLQDWH RSHQLQJV LQ LQVXODWLRQWKDW DOORZ SDVVDJH RI DLUWR VXUIDFHEHLQJLQVXODWHG
 0,1(5$/),%(5,168/$7,21,167$//$7,21
$ ,QVXODWLRQ,QVWDOODWLRQRQ6WUDLJKW3LSHVDQG7XEHV 
 6HFXUH HDFK OD\HU RI SUHIRUPHG SLSH LQVXODWLRQ WR SLSH ZLWK ZLUH RU EDQGV DQG WLJKWHQ EDQGVZLWKRXWGHIRUPLQJLQVXODWLRQPDWHULDOV
 :KHUHYDSRUEDUULHUVDUHLQGLFDWHGVHDOORQJLWXGLQDOVHDPVHQGMRLQWVDQGSURWUXVLRQV ZLWKYDSRUEDUULHUPDVWLFDQGMRLQWVHDODQW
 )RU LQVXODWLRQ ZLWKIDFWRU\DSSOLHG MDFNHWV RQ DERYH DPELHQW VXUIDFHV VHFXUH ODSV ZLWK RXWZDUGFOLQFKHGVWDSOHVDWLQFKHV
PP
RF
 )RU LQVXODWLRQ ZLWK IDFWRU\DSSOLHG MDFNHWV RQ EHORZ DPELHQW VXUIDFHV GR QRW VWDSOH ORQJLWXGLQDOWDEVEXWVHFXUHWDEVZLWKDGGLWLRQDODGKHVLYHDVUHFRPPHQGHGE\LQVXODWLRQ PDWHULDOPDQXIDFWXUHUDQGVHDOZLWKYDSRUEDUULHUPDVWLFDQGIODVKLQJVHDODQW -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
% ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)ODQJHV

 ,QVWDOOSUHIRUPHGSLSHLQVXODWLRQWRRXWHUGLDPHWHURISLSHIODQJH  0DNHZLGWKRILQVXODWLRQVHFWLRQVDPHDVRYHUDOOZLGWKRIIODQJHDQGEROWVSOXVWZLFHWKH WKLFNQHVVRISLSHLQVXODWLRQ
 )LOO YRLGV EHWZHHQ LQQHU FLUFXPIHUHQFH RI IODQJH LQVXODWLRQ DQG RXWHU FLUFXPIHUHQFH RI DGMDFHQWVWUDLJKWSLSHVHJPHQWVZLWKPLQHUDOILEHUEODQNHWLQVXODWLRQ  ,QVWDOO MDFNHW PDWHULDO ZLWK PDQXIDFWXUHU
V UHFRPPHQGHG DGKHVLYH RYHUODS VHDPV DW
OHDVWLQFK
PP
DQGVHDOMRLQWVZLWKIODVKLQJVHDODQW
& ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)LWWLQJVDQG(OERZV 
 ,QVWDOOSUHIRUPHGVHFWLRQVRIVDPHPDWHULDODVVWUDLJKWVHJPHQWVRISLSHLQVXODWLRQZKHQ DYDLODEOH
 :KHQSUHIRUPHGLQVXODWLRQHOERZVDQGILWWLQJVDUHQRWDYDLODEOHLQVWDOOPLWHUHGVHFWLRQV RI SLSH LQVXODWLRQ WR D WKLFNQHVV HTXDO WR DGMRLQLQJ SLSH LQVXODWLRQ  6HFXUH LQVXODWLRQ PDWHULDOVZLWKZLUHRUEDQGV
' ,QVXODWLRQ,QVWDOODWLRQRQ9DOYHVDQG3LSH6SHFLDOWLHV 
 ,QVWDOOSUHIRUPHGVHFWLRQVRIVDPHPDWHULDODVVWUDLJKWVHJPHQWVRISLSHLQVXODWLRQZKHQ DYDLODEOH
 :KHQSUHIRUPHGVHFWLRQVDUHQRWDYDLODEOHLQVWDOOPLWHUHGVHFWLRQVRISLSHLQVXODWLRQWR YDOYHERG\
 $UUDQJH LQVXODWLRQ WR SHUPLW DFFHVV WR SDFNLQJ DQG WR DOORZ YDOYH RSHUDWLRQ ZLWKRXW GLVWXUELQJLQVXODWLRQ
 ,QVWDOOLQVXODWLRQWRIODQJHVDVVSHFLILHGIRUIODQJHLQVXODWLRQDSSOLFDWLRQ ( %ODQNHW,QVXODWLRQ,QVWDOODWLRQRQ'XFWVDQG3OHQXPV 6HFXUHZLWKDGKHVLYHDQGLQVXODWLRQSLQV
 $SSO\ DGKHVLYHV DFFRUGLQJ WR PDQXIDFWXUHU
V UHFRPPHQGHG FRYHUDJH UDWHV SHU XQLW
DUHDIRU>@>@,QVHUWSHUFHQWDJH!SHUFHQWFRYHUDJHRIGXFWDQGSOHQXPVXUIDFHV  $SSO\ DGKHVLYH WR HQWLUH FLUFXPIHUHQFH RI GXFWV DQG WR DOO VXUIDFHV RI ILWWLQJV DQG WUDQVLWLRQV
 ,QVWDOO HLWKHU FDSDFLWRUGLVFKDUJHZHOG SLQV DQG VSHHG ZDVKHUV RU FXSSHGKHDG FDSDFLWRUGLVFKDUJHZHOG SLQV RQ VLGHV DQG ERWWRP RI KRUL]RQWDO GXFWV DQG VLGHV RI YHUWLFDOGXFWVDVIROORZV

D 2QGXFWVLGHVZLWKGLPHQVLRQVLQFKHV
PP
DQGVPDOOHUSODFHSLQVDORQJ
ORQJLWXGLQDOFHQWHUOLQHRIGXFW6SDFHLQFKHV
PP
PD[LPXPIURPLQVXODWLRQ
HQGMRLQWVDQGLQFKHV
PP
RF
E 2Q GXFW VLGHV ZLWK GLPHQVLRQV ODUJHU WKDQ  LQFKHV  PP
 SODFH SLQV 
LQFKHV
PP
RFHDFKZD\DQGLQFKHV
PP
PD[LPXPIURPLQVXODWLRQ
MRLQWV  ,QVWDOO DGGLWLRQDO SLQV WR KROG LQVXODWLRQ WLJKWO\ DJDLQVW VXUIDFH DW FURVV EUDFLQJ
F 3LQV PD\ EH RPLWWHG IURP WRS VXUIDFH RI KRUL]RQWDO UHFWDQJXODU GXFWV DQG SOHQXPV
G 'RQRWRYHUFRPSUHVVLQVXODWLRQGXULQJLQVWDOODWLRQ H ,PSDOHLQVXODWLRQRYHUSLQVDQGDWWDFKVSHHGZDVKHUV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
I &XWH[FHVVSRUWLRQRISLQVH[WHQGLQJEH\RQGVSHHGZDVKHUVRUEHQGSDUDOOHOZLWK LQVXODWLRQVXUIDFH&RYHUH[SRVHGSLQVDQGZDVKHUVZLWKWDSHPDWFKLQJLQVXODWLRQ IDFLQJ
 )RU GXFWV DQG SOHQXPV ZLWK VXUIDFH WHPSHUDWXUHV EHORZ DPELHQW LQVWDOO D FRQWLQXRXV XQEURNHQ YDSRU EDUULHU &UHDWH DIDFLQJ ODSIRU ORQJLWXGLQDO VHDPV DQG HQG MRLQWV ZLWK LQVXODWLRQE\ UHPRYLQJLQFKHV
PP
IURPHGJHDQGHQGRILQVXODWLRQVHJPHQW
6HFXUH ODSV WR DGMDFHQW LQVXODWLRQ VHFWLRQ ZLWK LQFK PP
 RXWZDUGFOLQFKLQJ
VWDSOHV  LQFK
 PP
 RF,QVWDOO YDSRU EDUULHU FRQVLVWLQJRIIDFWRU\ RUILHOGDSSOLHG MDFNHWDGKHVLYHYDSRUEDUULHUPDVWLFDQGVHDODQWDWMRLQWVVHDPVDQGSURWUXVLRQV D 5HSDLU SXQFWXUHVWHDUV DQG SHQHWUDWLRQV ZLWK WDSH RUPDVWLFWR PDLQWDLQ YDSRU EDUULHUVHDO
E ,QVWDOOYDSRUVWRSVIRUGXFWZRUNDQGSOHQXPVRSHUDWLQJEHORZGHJ) GHJ&

DW IRRW
P
 LQWHUYDOV  9DSRU VWRSV VKDOO FRQVLVW RI YDSRUEDUULHU PDVWLF DSSOLHGLQD=VKDSHGSDWWHUQRYHULQVXODWLRQIDFHDORQJEXWWHQGRILQVXODWLRQDQG RYHUWKHVXUIDFH&RYHULQVXODWLRQIDFHDQGVXUIDFHWREHLQVXODWHGDZLGWKHTXDO WRWLPHVWKHLQVXODWLRQWKLFNQHVVEXWQRWOHVVWKDQLQFKHV PP

 2YHUODSXQIDFHGEODQNHWVDPLQLPXPRILQFKHV
PP
RQORQJLWXGLQDOVHDPVDQGHQG
MRLQWV$WHQGMRLQWVVHFXUHZLWKVWHHOEDQGVVSDFHGDPD[LPXPRILQFKHV PP

RF
 ,QVWDOOLQVXODWLRQRQ UHFWDQJXODUGXFWHOERZVDQGWUDQVLWLRQVZLWKDIXOOLQVXODWLRQVHFWLRQ IRU HDFK VXUIDFH ,QVWDOO LQVXODWLRQ RQ URXQG DQGIODWRYDO GXFW HOERZV ZLWK LQGLYLGXDOO\ PLWHUHGJRUHVFXWWRILWWKHHOERZ
 ,QVXODWHGXFWVWLIIHQHUVKDQJHUVDQGIODQJHVWKDWSURWUXGHEH\RQGLQVXODWLRQVXUIDFHZLWK LQFK
PP
 ZLGH VWULSV RI VDPH PDWHULDO XVHG WR LQVXODWH GXFW  6HFXUH RQ DOWHUQDWLQJVLGHVRIVWLIIHQHUKDQJHUDQGIODQJHZLWKSLQVVSDFHGLQFKHV PP
RF
) %RDUG,QVXODWLRQ,QVWDOODWLRQRQ'XFWVDQG3OHQXPV
6HFXUHZLWKDGKHVLYHDQGLQVXODWLRQSLQV
 $SSO\DGKHVLYHVDFFRUGLQJWRPDQXIDFWXUHU
VUHFRPPHQGHGFRYHUDJHUDWHVSHUXQLWDUHD
RIGXFWDQGSOHQXPVXUIDFHV
 $SSO\ DGKHVLYH WR HQWLUH FLUFXPIHUHQFH RI GXFWV DQG WR DOO VXUIDFHV RI ILWWLQJV DQG WUDQVLWLRQV
 ,QVWDOO HLWKHU FDSDFLWRUGLVFKDUJHZHOG SLQV DQG VSHHG ZDVKHUV RU FXSSHGKHDG FDSDFLWRUGLVFKDUJHZHOG SLQV RQ VLGHV DQG ERWWRP RI KRUL]RQWDO GXFWV DQG VLGHV RI YHUWLFDOGXFWVDVIROORZV

D 2QGXFWVLGHVZLWKGLPHQVLRQVLQFKHV
PP
DQGVPDOOHUSODFHSLQVDORQJ
ORQJLWXGLQDOFHQWHUOLQHRIGXFW6SDFHLQFKHV
PP
PD[LPXPIURPLQVXODWLRQ
HQGMRLQWVDQGLQFKHV
PP
RF
E 2Q GXFW VLGHV ZLWK GLPHQVLRQV ODUJHU WKDQ  LQFKHV  PP
 VSDFH SLQV 
LQFKHV
PP
RFHDFKZD\DQGLQFKHV
PP
PD[LPXPIURPLQVXODWLRQ
MRLQWV  ,QVWDOO DGGLWLRQDO SLQV WR KROG LQVXODWLRQ WLJKWO\ DJDLQVW VXUIDFH DW FURVV EUDFLQJ
F 3LQV PD\ EH RPLWWHG IURP WRS VXUIDFH RI KRUL]RQWDO UHFWDQJXODU GXFWV DQG SOHQXPV
G 'RQRWRYHUFRPSUHVVLQVXODWLRQGXULQJLQVWDOODWLRQ -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
H &XWH[FHVVSRUWLRQRISLQVH[WHQGLQJEH\RQGVSHHGZDVKHUVRUEHQGSDUDOOHOZLWK LQVXODWLRQVXUIDFH&RYHUH[SRVHGSLQVDQGZDVKHUVZLWKWDSHPDWFKLQJLQVXODWLRQ IDFLQJ
 )RU GXFWV DQG SOHQXPV ZLWK VXUIDFH WHPSHUDWXUHV EHORZ DPELHQW LQVWDOO D FRQWLQXRXV XQEURNHQ YDSRU EDUULHU &UHDWH DIDFLQJ ODSIRU ORQJLWXGLQDO VHDPV DQG HQG MRLQWV ZLWK LQVXODWLRQE\ UHPRYLQJLQFKHV
PP
IURPHGJHDQGHQGRILQVXODWLRQVHJPHQW
6HFXUH ODSV WR DGMDFHQW LQVXODWLRQ VHFWLRQ ZLWK LQFK PP
 RXWZDUGFOLQFKLQJ
VWDSOHV  LQFK
 PP
 RF,QVWDOO YDSRU EDUULHU FRQVLVWLQJRIIDFWRU\ RUILHOGDSSOLHG MDFNHWDGKHVLYHYDSRUEDUULHUPDVWLFDQGVHDODQWDWMRLQWVVHDPVDQGSURWUXVLRQV D 5HSDLU SXQFWXUHVWHDUV DQG SHQHWUDWLRQV ZLWK WDSH RUPDVWLFWR PDLQWDLQ YDSRU EDUULHUVHDO
E ,QVWDOOYDSRUVWRSVIRUGXFWZRUNDQGSOHQXPVRSHUDWLQJEHORZGHJ) GHJ&

DW IRRW
P
 LQWHUYDOV  9DSRU VWRSV VKDOO FRQVLVW RI YDSRUEDUULHU PDVWLF DSSOLHGLQD=VKDSHGSDWWHUQRYHULQVXODWLRQIDFHDORQJEXWWHQGRILQVXODWLRQDQG RYHUWKHVXUIDFH&RYHULQVXODWLRQIDFHDQGVXUIDFHWREHLQVXODWHGDZLGWKHTXDO WRWLPHVWKHLQVXODWLRQWKLFNQHVVEXWQRWOHVVWKDQLQFKHV PP

 ,QVWDOOLQVXODWLRQRQ UHFWDQJXODUGXFWHOERZVDQGWUDQVLWLRQVZLWKDIXOOLQVXODWLRQVHFWLRQ IRUHDFKVXUIDFH*URRYHDQGVFRUHLQVXODWLRQWRILWDVFORVHO\DVSRVVLEOHWRRXWVLGHDQG LQVLGH UDGLXV RI HOERZV  ,QVWDOO LQVXODWLRQ RQ URXQG DQG IODWRYDO GXFW HOERZV ZLWK LQGLYLGXDOO\PLWHUHGJRUHVFXWWRILWWKHHOERZ
 ,QVXODWHGXFWVWLIIHQHUVKDQJHUVDQGIODQJHVWKDWSURWUXGHEH\RQGLQVXODWLRQVXUIDFHZLWK LQFK
PP
 ZLGH VWULSV RI VDPH PDWHULDO XVHG WR LQVXODWH GXFW  6HFXUH RQ DOWHUQDWLQJVLGHVRIVWLIIHQHUKDQJHUDQGIODQJHZLWKSLQVVSDFHGLQFKHV PP
RF

 32/<2/(),1,168/$7,21,167$//$7,21
$ ,QVXODWLRQ,QVWDOODWLRQRQ6WUDLJKW3LSHVDQG7XEHV 
 6HDO VSOLWWXEH ORQJLWXGLQDO VHDPV DQG HQG MRLQWV ZLWK PDQXIDFWXUHU V UHFRPPHQGHG
DGKHVLYH WR HOLPLQDWH RSHQLQJV LQ LQVXODWLRQ WKDW DOORZ SDVVDJH RI DLU WR VXUIDFH EHLQJ LQVXODWHG
% ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)ODQJHV

 ,QVWDOOSLSHLQVXODWLRQWRRXWHUGLDPHWHURISLSHIODQJH  0DNHZLGWKRILQVXODWLRQVHFWLRQVDPHDVRYHUDOOZLGWKRIIODQJHDQGEROWVSOXVWZLFHWKH WKLFNQHVVRISLSHLQVXODWLRQ
 )LOO YRLGV EHWZHHQ LQQHU FLUFXPIHUHQFH RI IODQJH LQVXODWLRQ DQG RXWHU FLUFXPIHUHQFH RI DGMDFHQWVWUDLJKWSLSHVHJPHQWVZLWKFXWVHFWLRQVRISRO\ROHILQVKHHWLQVXODWLRQRIVDPH WKLFNQHVVDVSLSHLQVXODWLRQ
 6HFXUHLQVXODWLRQWRIODQJHVDQGVHDOVHDPVZLWKPDQXIDFWXUHU VUHFRPPHQGHGDGKHVLYH
WRHOLPLQDWHRSHQLQJVLQLQVXODWLRQWKDWDOORZSDVVDJHRIDLUWRVXUIDFHEHLQJLQVXODWHG & ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)LWWLQJVDQG(OERZV 
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 ,QVWDOOPLWHUHGVHFWLRQVRISRO\ROHILQSLSHLQVXODWLRQ  6HFXUHLQVXODWLRQPDWHULDOVDQGVHDOVHDPVZLWKPDQXIDFWXUHU VUHFRPPHQGHGDGKHVLYH
WRHOLPLQDWHRSHQLQJVLQLQVXODWLRQWKDWDOORZSDVVDJHRIDLUWRVXUIDFHEHLQJLQVXODWHG ' ,QVXODWLRQ,QVWDOODWLRQRQ9DOYHVDQG3LSH6SHFLDOWLHV 
 ,QVWDOOFXWVHFWLRQVRISRO\ROHILQSLSHDQGVKHHWLQVXODWLRQWRYDOYHERG\  $UUDQJH LQVXODWLRQ WR SHUPLW DFFHVV WR SDFNLQJ DQG WR DOORZ YDOYH RSHUDWLRQ ZLWKRXW GLVWXUELQJLQVXODWLRQ
 ,QVWDOOLQVXODWLRQWRIODQJHVDVVSHFLILHGIRUIODQJHLQVXODWLRQDSSOLFDWLRQ  6HFXUH LQVXODWLRQ WR YDOYHV DQG VSHFLDOWLHV DQG VHDO VHDPV ZLWK PDQXIDFWXUHU V
UHFRPPHQGHG DGKHVLYHWR HOLPLQDWH RSHQLQJV LQ LQVXODWLRQWKDW DOORZ SDVVDJH RI DLUWR VXUIDFHEHLQJLQVXODWHG
 32/<67<5(1(,168/$7,21,167$//$7,21
$ ,QVXODWLRQ,QVWDOODWLRQRQ6WUDLJKW3LSHVDQG7XEHV 
 6HFXUHHDFKOD\HURILQVXODWLRQZLWKWDSHRUEDQGVDQGWLJKWHQEDQGVZLWKRXWGHIRUPLQJ LQVXODWLRQPDWHULDOV 2ULHQW ORQJLWXGLQDO MRLQWV EHWZHHQ KDOI VHFWLRQV LQ  DQG  R
FORFN
SRVLWLRQVRQWKHSLSH
 )RULQVXODWLRQ ZLWKIDFWRU\DSSOLHGMDFNHWVZLWK YDSRU EDUULHUVGRQRW VWDSOH ORQJLWXGLQDO WDEV EXW VHFXUH WDEV ZLWK DGGLWLRQDO DGKHVLYH RU WDSH DV UHFRPPHQGHG E\ LQVXODWLRQ PDWHULDOPDQXIDFWXUHUDQGVHDOZLWKYDSRUEDUULHUPDVWLF  $OOLQVXODWLRQVKDOOEHWLJKWO\EXWWHGDQGIUHHRIYRLGVDQGJDSVDWDOOMRLQWV9DSRUEDUULHU PXVWEHFRQWLQXRXV%HIRUHLQVWDOOLQJMDFNHWPDWHULDOLQVWDOOYDSRUEDUULHUV\VWHP % ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)ODQJHV

 ,QVWDOOSUHIRUPHGSLSHLQVXODWLRQWRRXWHUGLDPHWHURISLSHIODQJH  0DNH ZLGWK RI LQVXODWLRQ VHFWLRQ VDPH DV RYHUDOO ZLGWK RI IODQJH DQG EROWV VDPH WKLFNQHVVRIDGMDFHQWSLSHLQVXODWLRQQRWWRH[FHHGLQFK PP
WKLFNQHVV
 )LOO YRLGV EHWZHHQ LQQHU FLUFXPIHUHQFH RI IODQJH LQVXODWLRQ DQG RXWHU FLUFXPIHUHQFH RI DGMDFHQWVWUDLJKWSLSHVHJPHQWVZLWKFXWVHFWLRQVRISRO\VW\UHQHEORFNLQVXODWLRQRIVDPH WKLFNQHVVDVSLSHLQVXODWLRQ
& ,QVXODWLRQ,QVWDOODWLRQRQ3LSH)LWWLQJVDQG(OERZV 
 ,QVWDOO SUHIRUPHG LQVXODWLRQ VHFWLRQV RI VDPH PDWHULDO DV VWUDLJKW VHJPHQWV RI SLSH LQVXODWLRQ6HFXUHDFFRUGLQJWRPDQXIDFWXUHU
VZULWWHQLQVWUXFWLRQV
' ,QVXODWLRQ,QVWDOODWLRQRQ9DOYHVDQG3LSH6SHFLDOWLHV 
 ,QVWDOOSUHIRUPHGVHFWLRQRISRO\VW\UHQHLQVXODWLRQWRYDOYHERG\  $UUDQJH LQVXODWLRQ WR SHUPLW DFFHVV WR SDFNLQJ DQG WR DOORZ YDOYH RSHUDWLRQ ZLWKRXW GLVWXUELQJLQVXODWLRQ
 ,QVWDOOLQVXODWLRQWRIODQJHVDVVSHFLILHGIRUIODQJHLQVXODWLRQDSSOLFDWLRQ -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJH
RI
 ),(/'$33/,('-$&.(7,167$//$7,21
$ :KHUH)6.MDFNHWVDUHLQGLFDWHGLQVWDOODVIROORZV 
 'UDZMDFNHWPDWHULDOVPRRWKDQGWLJKW
 ,QVWDOOODSRUMRLQWVWULSVZLWKVDPHPDWHULDODVMDFNHW  6HFXUHMDFNHWWRLQVXODWLRQZLWKPDQXIDFWXUHU
VUHFRPPHQGHGDGKHVLYH
 ,QVWDOO MDFNHW ZLWK LQFK
PP
 ODSV DW ORQJLWXGLQDO VHDPV DQG LQFK
PP

ZLGHMRLQWVWULSVDWHQGMRLQWV
 6HDO RSHQLQJV SXQFWXUHV DQG EUHDNV LQ YDSRUUHWDUGHU MDFNHWV DQG H[SRVHG LQVXODWLRQ ZLWKYDSRUEDUULHUPDVWLF
% :KHUH39&MDFNHWVDUHLQGLFDWHGLQVWDOOZLWKLQFK PP
RYHUODSDWORQJLWXGLQDOVHDPVDQG
HQG MRLQWV
IRU KRUL]RQWDO DSSOLFDWLRQV LQVWDOO ZLWK ORQJLWXGLQDO VHDPV DORQJWRS DQG ERWWRP RI WDQNVDQGYHVVHOV6HDOZLWKPDQXIDFWXUHU
VUHFRPPHQGHGDGKHVLYH
 $SSO\WZRFRQWLQXRXVEHDGVRIDGKHVLYHWRVHDPVDQGMRLQWVRQHEHDGXQGHUODSDQGWKH ILQLVKEHDGDORQJVHDPDQGMRLQWHGJH
& :KHUHPHWDOMDFNHWVDUHLQGLFDWHGLQVWDOOZLWKLQFK PP
RYHUODSDWORQJLWXGLQDOVHDPVDQG
HQG MRLQWV  2YHUODS ORQJLWXGLQDO VHDPV DUUDQJHG WR VKHG ZDWHU  6HDO HQG MRLQWV ZLWK ZHDWKHUSURRIVHDODQW UHFRPPHQGHGE\LQVXODWLRQPDQXIDFWXUHU6HFXUHMDFNHWZLWKVWDLQOHVV VWHHOEDQGVLQFKHV
PP
RFDQGDWHQGMRLQWV
' :KHUH39'&MDFNHWVDUHLQGLFDWHGLQVWDOODVIROORZV 
 $SSO\ WKUHH VHSDUDWH ZUDSV RI ILODPHQW WDSH SHU LQVXODWLRQ VHFWLRQ WR VHFXUH SLSH LQVXODWLRQWRSLSHSULRUWRLQVWDOODWLRQRI39'&MDFNHW  :UDS IDFWRU\SUHVL]HG MDFNHWV DURXQG LQGLYLGXDO SLSH LQVXODWLRQ VHFWLRQV ZLWK RQH HQG RYHUODSSLQJ WKH SUHYLRXVO\ LQVWDOOHG VKHHW  ,QVWDOO SUHVL]HG MDFNHW ZLWK DQ DSSUR[LPDWH RYHUODSDWEXWWMRLQWRILQFKHV
PP
RYHUWKHSUHYLRXVVHFWLRQ$GKHUHODSVHDOXVLQJ
DGKHVLYHRU66/DQGWKHQDSSO\FLUFXPIHUHQFHVRIDSSURSULDWH39'&WDSHDURXQG RYHUODSSHGEXWWMRLQW
 &RQWLQXRXV MDFNHW FDQ EH VSLUDO ZUDSSHG DURXQG D OHQJWK RI SLSH LQVXODWLRQ  $SSO\ DGKHVLYHRU39'&WDSHDWRYHUODSSHGVSLUDOHGJH:KHQHOHFWLQJWRXVHDGKHVLYHVUHIHU WRPDQXIDFWXUHU
VZULWWHQLQVWUXFWLRQVIRUDSSOLFDWLRQRIDGKHVLYHVDORQJWKLVVSLUDOHGJHWR PDLQWDLQDSHUPDQHQWERQG
 -DFNHWFDQEHZUDSSHGLQFLJDUHWWHIDVKLRQDORQJOHQJWKRIUROOIRULQVXODWLRQV\VWHPVZLWK DQRXWHUFLUFXPIHUHQFHRILQFKHV
PP
RUOHVV7KHLQFK
PP

FLUFXPIHUHQFH OLPLW DOORZV IRU LQFK
PP
 RYHUODS VHDO  8VLQJ WKH OHQJWK RI UROO
DOORZVIRUORQJHUVHFWLRQVRIMDFNHWWREHLQVWDOOHGDWRQHWLPH8VHDGKHVLYHRQWKHODS VHDO9LVXDOO\LQVSHFWODSVHDOIRUILVKPRXWKLQJDQGXVH39'&WDSHDORQJODSVHDOWR VHFXUHMRLQW
 5HSDLU KROHV RUWHDUV LQ 39'& MDFNHW E\ SODFLQJ39'&WDSH RYHUWKH KROH RUWHDU DQG ZUDSSLQJDPLQLPXPRIFLUFXPIHUHQFHVWRDYRLGGDPDJHWRWDSHHGJHV -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 ),5(5$7(',168/$7,216<67(0,167$//$7,21
$ :KHUHILUHUDWHGLQVXODWLRQV\VWHPLVLQGLFDWHGVHFXUHV\VWHPWRGXFWVDQGGXFWKDQJHUVDQG VXSSRUWVWRPDLQWDLQDFRQWLQXRXVILUHUDWLQJ
% ,QVXODWHGXFWDFFHVVSDQHOVDQGGRRUVWRDFKLHYHVDPHILUHUDWLQJDVGXFW & ,QVWDOO ILUHVWRSSLQJ DW SHQHWUDWLRQV WKURXJK ILUHUDWHG DVVHPEOLHV  )LUHVWRS V\VWHPV DUH VSHFLILHGLQ'LYLVLRQ6HFWLRQ3HQHWUDWLRQ)LUHVWRSSLQJ  ),1,6+(6
$ 'XFW(TXLSPHQWDQG3LSH,QVXODWLRQZLWK$6-RU2WKHU3DLQWDEOH-DFNHW0DWHULDO 3DLQWMDFNHW
ZLWKSDLQWV\VWHPLGHQWLILHGEHORZDQGDVVSHFLILHGLQ'LYLVLRQ SDLQWLQJ6HFWLRQV
 )ODW$FU\OLF)LQLVK
7ZRILQLVKFRDWVRYHUDSULPHUWKDWLVFRPSDWLEOHZLWKMDFNHWPDWHULDO DQGILQLVKFRDWSDLQW$GGIXQJLFLGDODJHQWWRUHQGHUIDEULFPLOGHZSURRI D )LQLVK&RDW0DWHULDO
,QWHULRUIODWODWH[HPXOVLRQVL]H
% )OH[LEOH (ODVWRPHULF 7KHUPDO ,QVXODWLRQ
  $IWHU DGKHVLYH KDV IXOO\ FXUHG DSSO\ WZR FRDWV RI LQVXODWLRQPDQXIDFWXUHU
VUHFRPPHQGHGSURWHFWLYHFRDWLQJ
& &RORU
  )LQDO FRORU DV VHOHFWHG E\ $UFKLWHFW  9DU\ ILUVW DQG VHFRQG FRDWV WR DOORZ YLVXDO LQVSHFWLRQRIWKHFRPSOHWHG:RUN
' 'RQRWILHOGSDLQWDOXPLQXPRUVWDLQOHVVVWHHOMDFNHWV  ),(/'48$/,7<&21752/
$ 3HUIRUPWHVWVDQGLQVSHFWLRQV
% 7HVWVDQG,QVSHFWLRQV

 ,QVSHFW GXFWZRUN UDQGRPO\ VHOHFWHG E\ $UFKLWHFW E\ UHPRYLQJ ILHOGDSSOLHG MDFNHW DQG LQVXODWLRQ LQ OD\HUV LQ UHYHUVH RUGHU RI WKHLU LQVWDOODWLRQ  ([WHQW RI LQVSHFWLRQ VKDOO EH OLPLWHGWRWKUHHORFDWLRQ
V
IRUHDFKGXFWV\VWHPGHILQHGLQWKH'XFW,QVXODWLRQ6FKHGXOH *HQHUDO$UWLFOH
 ,QVSHFW ILHOGLQVXODWHG HTXLSPHQW UDQGRPO\ VHOHFWHG E\ $UFKLWHFW E\ UHPRYLQJ ILHOG DSSOLHG MDFNHW DQG LQVXODWLRQ LQ OD\HUV LQ UHYHUVH RUGHU RI WKHLU LQVWDOODWLRQ  ([WHQW RI LQVSHFWLRQVKDOOEHOLPLWHGWRWKUHHORFDWLRQ
V
IRUHDFKW\SHRIHTXLSPHQWGHILQHGLQWKH
(TXLSPHQW ,QVXODWLRQ 6FKHGXOH $UWLFOH  )RU ODUJH HTXLSPHQW UHPRYH RQO\ D SRUWLRQ DGHTXDWHWRGHWHUPLQHFRPSOLDQFH
 ,QVSHFWSLSHILWWLQJVVWUDLQHUVDQGYDOYHV UDQGRPO\VHOHFWHGE\$UFKLWHFWE\ UHPRYLQJ ILHOGDSSOLHGMDFNHWDQGLQVXODWLRQLQOD\HUVLQUHYHUVHRUGHURIWKHLULQVWDOODWLRQ([WHQWRI LQVSHFWLRQVKDOOEHOLPLWHGWRWKUHHORFDWLRQVRIVWUDLJKWSLSHWKUHHORFDWLRQVRIWKUHDGHG ILWWLQJV WKUHH  ORFDWLRQV RI ZHOGHG ILWWLQJV WZR ORFDWLRQV RI WKUHDGHG VWUDLQHUV WZR -RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
ORFDWLRQV RI ZHOGHG VWUDLQHUV WKUHH ORFDWLRQV RI WKUHDGHG YDOYHV DQGWKUHH ORFDWLRQV RI IODQJHGYDOYHVIRUHDFKSLSHVHUYLFHGHILQHGLQWKH3LSLQJ,QVXODWLRQ6FKHGXOH*HQHUDO $UWLFOH
& $OO LQVXODWLRQ DSSOLFDWLRQV ZLOO EH FRQVLGHUHG GHIHFWLYH :RUN LI VDPSOH LQVSHFWLRQ UHYHDOV QRQFRPSOLDQFHZLWKUHTXLUHPHQWV
 %2,/(5%5((&+,1*,168/$7,216&+('8/(
$ 5RXQG([SRVHG%UHHFKLQJDQG&RQQHFWRU
+LJKWHPSHUDWXUHPLQHUDOILEHUERDUGLQFKHV

PP
WKLFNDQGOEFXIW
NJFXP
QRPLQDOGHQVLW\
% 5RXQG&RQFHDOHG%UHHFKLQJDQG&RQQHFWRU,QVXODWLRQ +LJKWHPSHUDWXUHPLQHUDOILEHUERDUG
LQFKHV
PP
WKLFNDQGOEFXIW
NJFXP
QRPLQDOGHQVLW\
 '8&7,168/$7,216&+('8/(*(1(5$/
$ 3OHQXPVDQG'XFWV5HTXLULQJ,QVXODWLRQ

 ,QGRRUFRQFHDOHGVXSSO\DQGRXWGRRUDLU
 ,QGRRUH[SRVHGVXSSO\DQGRXWGRRUDLU
 ,QGRRUFRQFHDOHGUHWXUQORFDWHGLQQRQFRQGLWLRQHGVSDFH  ,QGRRUH[SRVHGUHWXUQORFDWHGLQQRQFRQGLWLRQHGVSDFH  ,QGRRUFRQFHDOHG7\SH,FRPPHUFLDONLWFKHQKRRGH[KDXVW  ,QGRRUH[SRVHG7\SH,FRPPHUFLDONLWFKHQKRRGH[KDXVW  ,QGRRUFRQFHDOHGRYHQDQGZDUHZDVKH[KDXVW
 ,QGRRUH[SRVHGRYHQDQGZDUHZDVKH[KDXVW

 ,QGRRUFRQFHDOHGH[KDXVWEHWZHHQLVRODWLRQGDPSHUDQGSHQHWUDWLRQRIEXLOGLQJH[WHULRU  ,QGRRUH[SRVHGH[KDXVWEHWZHHQLVRODWLRQGDPSHUDQGSHQHWUDWLRQRIEXLOGLQJH[WHULRU  2XWGRRUFRQFHDOHGVXSSO\DQGUHWXUQ
 2XWGRRUH[SRVHGVXSSO\DQGUHWXUQ
% ,WHPV1RW,QVXODWHG

 )LEURXVJODVVGXFWV
 0HWDO GXFWV ZLWK GXFW OLQHU RI VXIILFLHQW WKLFNQHVV WR FRPSO\ ZLWK HQHUJ\ FRGH DQG $6+5$(,(61$

 )DFWRU\LQVXODWHGIOH[LEOHGXFWV
 )DFWRU\LQVXODWHGSOHQXPVDQGFDVLQJV
 )OH[LEOHFRQQHFWRUV
 9LEUDWLRQFRQWUROGHYLFHV
 )DFWRU\LQVXODWHGDFFHVVSDQHOVDQGGRRUV
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
 ,1'225'8&7$1'3/(180,168/$7,216&+('8/(
$ &RQFHDOHG6XSSO\$LU'XFWDQG3OHQXP,QVXODWLRQ
0LQHUDOILEHUEODQNHWWKLFNDQG
OEFXIWQRPLQDOGHQVLW\
% &RQFHDOHG5HWXUQ$LU'XFWDQG3OHQXP,QVXODWLRQ0LQHUDOILEHUEODQNHWWKLFNDQG OEFXIWQRPLQDOGHQVLW\
& &RQFHDOHG 2XWGRRU$LU 'XFW DQG 3OHQXP ,QVXODWLRQ   0LQHUDOILEHU EODQNHW  WKLFN DQG
OEFXIWQRPLQDOGHQVLW\
' &RQFHDOHG([KDXVW$LU'XFWDQG3OHQXP,QVXODWLRQ0LQHUDOILEHUEODQNHWWKLFNDQG OEFXIWQRPLQDOGHQVLW\
( ([SRVHG6XSSO\$LU'XFW DQG3OHQXP,QVXODWLRQ
0LQHUDOILEHUEODQNHWWKLFNDQG 
OEFXIWQRPLQDOGHQVLW\
) ([SRVHG 5HWXUQ$LU 'XFW DQG 3OHQXP ,QVXODWLRQ 0LQHUDOILEHU EODQNHW  WKLFN DQG  OEFXIWQRPLQDOGHQVLW\
* ([SRVHG2XWGRRU$LU'XFWDQG3OHQXP,QVXODWLRQ
0LQHUDOILEHUEODQNHWWKLFNDQG
OEFXIWQRPLQDOGHQVLW\
+ ([SRVHG([KDXVW$LU'XFWDQG3OHQXP,QVXODWLRQ
0LQHUDOILEHUEODQNHWWKLFNDQG
OEFXIWQRPLQDOGHQVLW\
 $%29(*5281'287'225'8&7$1'3/(180,168/$7,216&+('8/( $ ,QVXODWLRQPDWHULDOVDQGWKLFNQHVVHVDUHLGHQWLILHGEHORZ,IPRUHWKDQRQHPDWHULDOLVOLVWHGIRU DGXFWV\VWHPVHOHFWLRQIURPPDWHULDOVOLVWHGLV&RQWUDFWRU VRSWLRQ
% &RQFHDOHG6XSSO\$LU'XFWDQG3OHQXP,QVXODWLRQ
0LQHUDOILEHUEODQNHWWKLFNDQG
OEFXIWQRPLQDOGHQVLW\
& &RQFHDOHG5HWXUQ$LU'XFWDQG3OHQXP,QVXODWLRQ0LQHUDOILEHUEODQNHWWKLFNDQG OEFXIWQRPLQDOGHQVLW\
' &RQFHDOHG 2XWGRRU$LU 'XFW DQG 3OHQXP ,QVXODWLRQ   0LQHUDOILEHU EODQNHW  WKLFN DQG
OEFXIWQRPLQDOGHQVLW\
( &RQFHDOHG6XSSO\$LU'XFWDQG3OHQXP,QVXODWLRQ
0LQHUDOILEHUEODQNHWWKLFNDQG
OEFXIWQRPLQDOGHQVLW\
) ([SRVHG6XSSO\$LU'XFW DQG3OHQXP,QVXODWLRQ
0LQHUDOILEHUEODQNHWWKLFNDQG 
OEFXIWQRPLQDOGHQVLW\
-RE1DPH
$UQHLOO5RDG$IIRUGDEOH+RXVLQJ
-RE1XPEHU
+6 6HFWLRQ
 

 3DJHRI
* ([SRVHG 5HWXUQ$LU 'XFW DQG3OHQXP,QVXODWLRQ
0LQHUDOILEHU EODQNHW WKLFN DQG 
OEFXIWQRPLQDOGHQVLW\
+ ([SRVHG 6XSSO\$LU 'XFW DQG 3OHQXP ,QVXODWLRQ 0LQHUDOILEHU EODQNHW  WKLFN DQG  OEFXIWQRPLQDOGHQVLW\
, ([SRVHG 5HWXUQ$LU 'XFW DQG 3OHQXP ,QVXODWLRQ 0LQHUDOILEHU EODQNHW  WKLFN DQG  OEFXIWQRPLQDOGHQVLW\
- (48,30(17,168/$7,216&+('8/(
. ,QVXODWLRQPDWHULDOVDQGWKLFNQHVVHVDUHLGHQWLILHGEHORZ,IPRUHWKDQRQHPDWHULDOLVOLVWHGIRU DW\SHRIHTXLSPHQWVHOHFWLRQIURPPDWHULDOVOLVWHGLV&RQWUDFWRU VRSWLRQ
/ ,QVXODWHLQGRRUDQGRXWGRRUHTXLSPHQWLQSDUDJUDSKVEHORZWKDWLVQRWIDFWRU\LQVXODWHG 
 3,3,1*,168/$7,216&+('8/(*(1(5$/
$ $FFHSWDEOH SUHIRUPHG SLSH DQGWXEXODU LQVXODWLRQ PDWHULDOV DQG WKLFNQHVVHV DUH LGHQWLILHGIRU HDFKSLSLQJV\VWHPDQGSLSHVL]HUDQJH,IPRUHWKDQRQHPDWHULDOLVOLVWHGIRUDSLSLQJV\VWHP VHOHFWLRQIURPPDWHULDOVOLVWHGLV&RQWUDFWRU
VRSWLRQ
% ,WHPV1RW,QVXODWHG
8QOHVVRWKHUZLVHLQGLFDWHGGRQRWLQVWDOOLQVXODWLRQRQWKHIROORZLQJ 
 'UDLQDJHSLSLQJORFDWHGLQFUDZOVSDFHV
 8QGHUJURXQGSLSLQJ
 &KURPHSODWHGSLSHVDQGILWWLQJVXQOHVVWKHUHLVDSRWHQWLDOIRUSHUVRQQHOLQMXU\  ,1'2253,3,1*,168/$7,216&+('8/(
$ +HDWLQJ+RW:DWHU6XSSO\DQG5HWXUQ'HJ)

← All documents from this meeting