3&6&'0$/1$'RZQFRQYHUWHU
*+]
)HDWXUHV
Q +LJK,QWHJUDWHG/1$DQG'RZQFRQYHUWHU
Q 2SHUDWHVRYHU9WR96XSSO\9ROWDJH
Q /RZ1RLVH)LJXUHG%7\SLFDO
Q +LJK,QSXW,QWHUFHSW3RLQW
Q &RQWLQXRXV&XUUHQW&RQWURO'RZQFRQYHUWHU
Q &RQWLQXRXV*DLQ&RQWURO'RZQFRQYHUWHU
Q /RZ/2'ULYH/HYHO±G%P
Q 0LQLDWXUH0/)PP3ODVWLF3DFNDJH
'HVFULSWLRQ
0$&20¶V0'LQWHJUDWHGGRZQFRQYHUWHUFRP
ELQHVDORZQRLVHDPSOLILHU5)DPSOLILHUPL[HU,)DP
SOLILHUDQG/2EXIIHULQDPLQLDWXUHPLOOLPHWHUSODVWLF
0/)SDFNDJHWKDWKDVDQH[SRVHGEDFNVLGHIRULPSURYHG
KLJKIUHTXHQF\JURXQGLQJ
0$&20GHVLJQHGWKH0'IRUDSSOLFDWLRQVUH
TXLULQJKLJKOLQHDULW\ZLGHG\QDPLFUDQJHDQGORZSRZHU
FRQVXPSWLRQ%\DSSOLFDWLRQRIDVXLWDEOHFRQWUROYROWDJH
WRSLQWKHOLQHDULW\RIWKHGHYLFHFDQEHFRQWUROOHGLQ
UHDOWLPHWRNHHSWKHFXUUHQWDVORZDVSRVVLEOH
0$&20IDEULFDWHVWKH0'XVLQJD
PLFURQORZQRLVH('*D$V0(6)(7SURFHVV7KH
SURFHVVIHDWXUHVIXOOSDVVLYDWLRQIRULQFUHDVHGSHUIRUP
DQFHDQGUHOLDELOLW\
5HFRPPHQGHG3&%&RQILJXUDWLRQ
)XQFWLRQDO6FKHPDWLF
/1$,1
*1'
*1'
/1$65&
/1$287
/2$,1
*1'
/2$9''
*1'
5)$,1
3LQ&RQILJXUDWLRQ
3,1
1R
3,1
'HVFULSWLRQ
1DPH
/1$,1 5)LQSXWWR/1$([WHUQDOPDWFKLQJUHTXLUHG
*1' '&DQG5)JURXQG
*1' '&DQG5)JURXQG
/1$
65&
/1$
287
*1'
6RXUFHRI/1$RXWSXWVWDJH)(75)E\SDVVLQJ
UHTXLUHG2IIFKLSUHVLVWRUPD\EHXVHGWRLQ
FUHDVH,3
ΩRXWSXWRI/1$'&EORFNHG
'&DQG5)JURXQG
/1$
9''
9&75/
/1$VWDJHVXSSO\YROWDJH5)E\SDVVLQJUH
TXLUHG
'RZQFRQYHUWHUELDVFRQWURO9FRQWUROYROW
DJHDOORZHG
5)$9'' 5)$VXSSO\YROWDJH5)E\SDVVLQJUHTXLUHG
*1' '&DQG5)JURXQG
5)$,1 ΩLQSXWDQG5)$'&EORFNHG
*1' '&DQG5)JURXQG
/2$9''
/2DPSOLILHUVXSSO\YROWDJH5)E\SDVVLQJUH
TXLUHG
*1' '&DQG5)JURXQG
/2$,1 /RFDORVFLOODWRULQSXWWR±G%P
,)287 ,)RXWSXWRIGRZQFRQYHUWHUPXVWEHH[WHUQDOO\
PDWFKHGWRLQSXWLPSHGDQFHRI,)ILOWHU
*1' '&DQG5)JURXQG
,)
0DWFKLQJEHWZHHQ,)$DQG0L[HU²UHTXLUHVDQ
0$7&+ LQGXFWRUWRJURXQG
/1$ /1$VWDJHVXSSO\YROWDJH5)E\SDVVLQJUH
9'' TXLUHG
*1' '&DQG5)JURXQG