L-2022-156, Correction to Subsequent License Renewal Application - Aging Management Requests for Additional Information (RAI) Set 1a Response

From kanterella
Jump to navigation Jump to search
Correction to Subsequent License Renewal Application - Aging Management Requests for Additional Information (RAI) Set 1a Response
ML22262A149
Person / Time
Site: Saint Lucie  NextEra Energy icon.png
Issue date: 09/19/2022
From: Maher W
Florida Power & Light Co
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
L-2022-156
Download: ML22262A149 (45)


Text

September 19, 2022 L-2022-156 10 CFR 54.17 U.S. Nuclear Regulatory Commission Attn: Document Control Desk 11545 Rockville Pike One White Flint North Rockville, MD 20852-2746 St. Lucie Nuclear Plant Units 1 and 2 Dockets 50-335 and 50-389 Renewed Facility Operating Licenses DPR-67 and NPF-16 CORRECTION TO SUBSEQUENT LICENSE RENEWAL APPLICATION - AGING MANAGEMENT REQUESTS FOR ADDITIONAL INFORMATION (RAI) SET 1A RESPONSE

References:

1. FPL Letter L-2021-192 dated October 12, 2021 - Subsequent License Renewal Application -

Revision 1 (ADAMS Accession No. ML21285A107) 2. FPL Letter L-2022-043 dated April 7, 2022 - Subsequent License Renewal Application Revision 1 - Supplement 1 (ADAMS Accession No. ML22097A202) 3. FPL Letter L-2022-044 dated April 13, 2022 - Subsequent License Renewal Application Revision 1 - Supplement 2 (ADAMS Accession No. ML22103A014) 4. FPL Letter L-2022-071 dated May 19, 2022 - Subsequent License Renewal Application Revision 1 - Supplement 3 (ADAMS Accession No. ML22139A083) 5. NRC Email and Attachment dated July 11, 2022, St. Lucie SLRA RAI Safety Set 3 Final (ADAMS Accession Nos. ML22193A086, ML22193A087) 6. FPL Letter L-2022-108 dated July 11, 2022 - Subsequent License Renewal Application -

Aging Management Requests for Additional Information (RAI) Set 2 Response 7. NRC Email and Attachment dated August 4, 2022, St. Lucie SLRA RAI (Second Round) 1a Florida Power & Light Company (FPL), owner and licensee for St. Lucie Nuclear Plant (PSL) Units 1 and 2, has submitted a corrected cover letter removing additional referenced Attachments noted in previous submittal. FPL has submitted a revised and supplemented subsequent license renewal application (SLRA) for the Facility Operating Licenses for PSL Units 1 and 2 (References 1-4). Based on the NRCs review of the SLRA, the NRC issued its Set 1a RAIs to FPL (Reference 7). The Attachment to this letter provides the response to those information requests.



Florida Power & Light Company





15430 Endeavor Drive, Jupiter, FL 33478

St. Lucie Nuclear Plant Units 1 and 2 Dockets 50-335 and 50-389 L-2022-156 l Page 2 of 3 Certain attachments include associated revisions to the SLRA (Enclosure 3 Attachment 1 of Reference 1, as supplemented by References 2 - 4) denoted by strikethrough (deletion) and/or bold red underline (insertion) text. Previous SLRA revisions are denoted by bold black text. SLRA table revisions are included as excerpts from each affected table.

Should you have any questions regarding this submittal, please contact me at (561) 304-6256 or William.Maher@fpl.com.

I declare under penalty of perjury that the foregoing is true and correct.

Executed on the 19th day of September 2022.

Sincerely, William Digitally signed by William Maher DN: cn=William Maher, o=Nuclear, ou=Nuclear Licensing Projects, Maher email=william.maher@fpl.com, c=US Date: 2022.09.19 09:36:48 -04'00' William D. Maher Licensing Director - Nuclear Licensing Projects Florida Power & Light Company

Attachment:

PSL Response to NRC RAI No. B.2.3.27-1a Cc: Regional Administrator, USNRC, Region II Senior Resident Inspector, USNRC, St. Lucie Plant Chief, USNRC, Division of New and Renewed Licenses Senior Project Manager, USNRC, Division of New and Renewed Licenses Chief, Bureau of Radiation Control, Florida Department of Health











$77$&+0(17

/

6W/XFLH8QLWVDQG

36/5HVSRQVHWR15&5$,1R%D

(42 pages follow)

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



%XULHGDQG8QGHUJURXQG3LSLQJDQG7DQNV$03

5$,%D

5HJXODWRU\%DVLV

6HFWLRQ D  RI7LWOHRIWKHCode of Federal Regulations &)5 UHTXLUHVDQ

DSSOLFDQWWRGHPRQVWUDWHWKDWWKHHIIHFWVRIDJLQJIRUVWUXFWXUHVDQGFRPSRQHQWVZLOOEH

DGHTXDWHO\PDQDJHGVRWKDWWKHLQWHQGHGIXQFWLRQ V ZLOOEHPDLQWDLQHGFRQVLVWHQWZLWKWKH

FXUUHQWOLFHQVLQJEDVLVIRUWKHSHULRGRIH[WHQGHGRSHUDWLRQ2QHRIWKHILQGLQJVWKDWWKH86

1XFOHDU5HJXODWRU\&RPPLVVLRQ 15& VWDIIPXVWPDNHWRLVVXHDUHQHZHGOLFHQVH &)5

 D LVWKDWDFWLRQVKDYHEHHQLGHQWLILHGDQGKDYHEHHQRUZLOOEHWDNHQZLWKUHVSHFWWR

PDQDJLQJWKHHIIHFWVRIDJLQJGXULQJWKHSHULRGRIH[WHQGHGRSHUDWLRQRQWKHIXQFWLRQDOLW\RI

VWUXFWXUHVDQGFRPSRQHQWVWKDWKDYHEHHQLGHQWLILHGWRUHTXLUHUHYLHZXQGHU&)5

VXFKWKDWWKHUHLVUHDVRQDEOHDVVXUDQFHWKDWWKHDFWLYLWLHVDXWKRUL]HGE\WKHUHQHZHGOLFHQVH

ZLOOFRQWLQXHWREHFRQGXFWHGLQDFFRUGDQFHZLWKWKHFXUUHQWOLFHQVLQJEDVLV,QRUGHUWR

FRPSOHWHLWVUHYLHZDQGHQDEOHPDNLQJDILQGLQJXQGHU&)5 D WKHVWDIIUHTXLUHV

DGGLWLRQDOLQIRUPDWLRQLQUHJDUGWRWKHPDWWHUVGHVFULEHGEHORZ

%DFNJURXQG

6/5$6HFWLRQ%³%XULHGDQG8QGHUJURXQG3LSLQJDQG7DQNV'VWDWHV³>W@KHQXPEHURI

LQVSHFWLRQVIRUHDFK\HDULQVSHFWLRQSHULRGFRPPHQFLQJ\HDUVSULRUWRWKHVWDUWRI63(2

DUHEDVHGRQWKHLQVSHFWLRQTXDQWLWLHVQRWHGLQ185(*7DEOH;,0DGMXVWHGIRUD

8QLWSODQWVLWH'

  • $//6/55HSRUW7DEOH;,0³3UHYHQWLYH$FWLRQVIRU%XULHGDQG8QGHUJURXQG3LSLQJDQG

7DQNV'UHFRPPHQGVWKDWEXULHGVWDLQOHVVVWHHOSLSLQJLVH[WHUQDOO\FRDWHGLQDFFRUGDQFHZLWK

WKH³SUHYHQWLYHDFWLRQV'SURJUDPHOHPHQWRI*$//6/55HSRUW$03;,0³%XULHGDQG

8QGHUJURXQG3LSLQJDQG7DQNV'

,QDGGLWLRQ*$//6/55HSRUW$03;,0VWDWHVWKHIROORZLQJ

x ³>D@GGLWLRQDOLQVSHFWLRQVEH\RQGWKRVHLQ7DEOH;,0³,QVSHFWLRQRI%XULHGDQG

8QGHUJURXQG3LSLQJDQG7DQNV'PD\EHDSSURSULDWHLIH[FHSWLRQVDUHWDNHQWRSURJUDP

HOHPHQW³SUHYHQWLYHDFWLRQV'RULQUHVSRQVHWRSODQWVSHFLILFRSHUDWLQJH[SHULHQFH'

x ³>W@KHUHDUHQRUHFRPPHQGHGSUHYHQWLYHDFWLRQV>HJH[WHUQDOFRDWLQJV@IRUWLWDQLXP

DOOR\VXSHUDXVWHQLWLFVWDLQOHVVVWHHOVDQGQLFNHODOOR\PDWHULDOV'

%\OHWWHUGDWHG-XQH $'$06$FFHVVLRQ1R0/$ WKHDSSOLFDQWVWDWHGWKH

IROORZLQJLQUHVSRQVHWR5$,V%DQG% UHVSHFWLYHO\ 

x ³>D@SRUWLRQRIWKH8QLWDX[LOLDU\IHHGZDWHU $): DQGFRQGHQVDWHV\VWHP $):SXPS

VXFWLRQ LVEXULHGVWDLQOHVVVWHHOSLSLQJLQVDQGEHQHDWKWKHWXUELQHEXLOGLQJ1RFRDWLQJ

ZDVLGHQWLILHGKRZHYHUGXHWRWKHORFDWLRQEHQHDWKWKHWXUELQHEXLOGLQJWKLVEXULHG

SLSLQJLVQRWVXVFHSWLEOHWRZHWWLQJ'

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



x ³>W@KHWDEOH>UHIHUULQJWRWKHVRLOFRUURVLYLW\VDPSOLQJUHVXOWVWDEOH@GRHVQRWLQFOXGHDQ

RXWOLHUVRLOVDPSOHDVVRFLDWHGZLWKD8QLWLQWDNHFRROLQJZDWHU ,&: OLQHVLQFHWKDW

VDPSOHKDGEHHQLPSDFWHGE\ORFDOVDOWZDWHUIRDPLQJIURPWKH,&:GLVFKDUJH

RYHUIORZVWDQGSLSH7KHFDXONLQJEHWZHHQWKHVWDQGSLSHDQGWKHFRQFUHWHGHFNLQJZDV

ZHDWKHUHGDQGSRURXVDOORZLQJVDOWZDWHUIRDPWRSHUPHDWHLQWRWKHVRLO'

,QUHVSRQVHWR5$,%WKHDSSOLFDQWSURYLGHGUHVXOWVIURPVHYHQVRLOFRUURVLYLW\VDPSOHV

ZKLFKLQFOXGHGWKHIROORZLQJSDUDPHWHUVS+VRLOUHVLVWLYLW\PRLVWXUHFKORULGHVVXOIDWHVUHGR[

SRWHQWLDODQGPLFURELRORJ\%DVHGRQLWVUHYLHZRIWKLVGDWDWKHVWDIIQRWHGWKDWWKHVRLOFDQEH

FRQVLGHUHGDSSUHFLDEO\FRUURVLYH XVLQJDYHUDJHYDOXHV RUVHYHUHO\FRUURVLYH XVLQJOHDVW

FRQVHUYDWLYHYDOXHV WRVWDLQOHVVVWHHOZKHQVFRULQJLQDFFRUGDQFHZLWK7DEOH³6RLO

&RUURVLYLW\,QGH[IURP%3:25.6'RI(OHFWULF3RZHU5HVHDUFK,QVWLWXWH (35, 5HSRUW

³6RLO6DPSOLQJDQG7HVWLQJ0HWKRGVWR(YDOXDWHWKH&RUURVLYLW\RIWKH

(QYLURQPHQWIRU%XULHG3LSLQJDQG7DQNVDW1XFOHDU3RZHU3ODQWV'

,VVXH

7KHEDVLVSURYLGHGE\WKHDSSOLFDQWIRUKDYLQJXQFRDWHGEXULHGVWDLQOHVVVWHHO LHDQ

H[FHSWLRQWR*$//6/5$03;,0JXLGDQFH LVWKDWWKHSLSLQJLVQRWH[SRVHGWRVLJQLILFDQW

DPRXQWVRIPRLVWXUH LHZHWWLQJ +RZHYHUWKHVWDIIQRWHVWKDWVRLOSDUDPHWHUVEH\RQG

PRLVWXUH LHS+VRLOUHVLVWLYLW\FKORULGHVVXOIDWHVUHGR[SRWHQWLDODQGPLFURELRORJ\ LPSDFW

WKHVXVFHSWLELOLW\RIEXULHGVWDLQOHVVVWHHOWRH[WHUQDOFRUURVLRQ%DVHGRQWKHVRLOFRUURVLYLW\

GDWDSURYLGHGLQWKHUHVSRQVHWR5$,%WKHHQYLURQPHQWDW6W/XFLHFDQEH

FRQVLGHUHGFRUURVLYHWREXULHGVWDLQOHVVVWHHO,QDGGLWLRQEDVHGRQLWVUHYLHZRIWKHUHVSRQVH

WR5$,%WKHVWDIIQRWHVWKDWWKHUHKDVEHHQDWOHDVWRQHLQFLGHQWRIVDOWZDWHULQWUXVLRQ

LQWRWKHVRLO%DVHGRQLWVUHYLHZRI7DEOHRI(35,5HSRUWWKHVWDIIDOVRQRWHV

EXULHGVWDLQOHVVLVPRUHVHQVLWLYHWRWKHHIIHFWVRIFKORULGHVWKDQDQ\RWKHUPDWHULDOW\SH

5HTXHVW

 6WDWHWKHDSSUR[LPDWHOHQJWKRIXQFRDWHGLQVFRSHEXULHGVWDLQOHVVVWHHOSLSLQJ

 6WDWHWKHEDVLVIRUZK\WKHLQVSHFWLRQTXDQWLWLHVLQ*$//6/55HSRUW7DEOH;,0

DUHDSSURSULDWHIRUEXULHGVWDLQOHVVVWHHOSLSLQJ7KHWHFKQLFDOEDVLVFRXOGLQFOXGH EXW

LVQRWOLPLWHGWR GLVFXVVLRQRIWKHIROORZLQJUHVXOWVRIVRLOFRUURVLYLW\WHVWLQJLQWKH

YLFLQLW\RIWKHVXEMHFWSLSLQJUHVXOWVRILQVSHFWLRQVRIEXULHGXQFRDWHGVWDLQOHVVVWHHO

SLSLQJDQGW\SH V RILQVFRSHVWDLQOHVVVWHHO HJVXSHUDXVWHQLWLF SLSLQJXWLOL]HGLQ

XQFRDWHGEXULHGDSSOLFDWLRQVHWF

5HIHUHQFHV

x (35,(35,³6RLO6DPSOLQJDQG7HVWLQJ0HWKRGVWR(YDOXDWHWKH

&RUURVLYLW\RIWKH(QYLURQPHQWIRU%XULHG3LSLQJDQG7DQNVDW1XFOHDU3RZHU3ODQWV'

3DOR$OWR&DOLIRUQLD(OHFWULF3RZHU5HVHDUFK,QVWLWXWH1RYHPEHU





 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



36/5HVSRQVH

7KHRQO\EXULHGVWDLQOHVVVWHHOSLSLQJDW6W/XFLHZKLFKFRXOGQRWEHFRQILUPHGDVFRDWHGRU

HQFDVHGLQFRQFUHWHLVFRPSULVHGRIWKH8QLWDX[LOLDU\IHHGZDWHU $): SXPSUHFLUFXODWLRQ

SLSLQJDQGFRQGHQVDWHV\VWHP $):SXPSVXFWLRQ SLSLQJ7KHUHIRUHWKLVSLSLQJLV

FRQVHUYDWLYHO\DVVXPHGWREHXQFRDWHG7KLVJUDGHVWDLQOHVVVWHHOSLSLQJWUDYHUVHV

EHQHDWKWKH8QLWWXUELQHEXLOGLQJDQGKDVDWRWDOOHQJWKRIDSSUR[LPDWHO\IW

$W6W/XFLHWKHDSSOLFDWLRQRIH[WHUQDOFRDWLQJVRQVDIHW\UHODWHGSLSLQJLVDGHVLJQIHDWXUHDQG

LVFRQWUROOHGE\HQJLQHHULQJVSHFLILFDWLRQVDQGGHVLJQGUDZLQJVDVDSSURSULDWH7KH6W/XFLH

8QLWGHVLJQVSHFLILFDWLRQVDQGGUDZLQJVIRUEXULHGVWDLQOHVVVWHHOSLSLQJGRQRWVSHFLI\WKH

DSSOLFDWLRQRIDFRDWLQJPDWHULDO

185(*7DEOH;,0LGHQWLILHV³FRDWLQJV'DQG³EDFNILOO'DVSUHYHQWDWLYHDFWLRQVIRU

EXULHGVWDLQOHVVVWHHOSLSLQJ7KH8QLWEXULHGJUDGHVWDLQOHVVVWHHOSLSLQJPHHWVWKH

³EDFNILOO'SUHYHQWLYHDFWLRQLQ7DEOH;,07KHVRLOHQYLURQPHQWLQFRQWDFWZLWKWKLVEXULHG

VWDLQOHVVVWHHOSLSLQJLVFRPSRVHGRIEDFNILOOLQDFFRUGDQFHZLWKWKHDSSOLFDEOHSODQW

VSHFLILFDWLRQZKLFKLVDYDLODEOHRQWKHH3RUWDODQGVXPPDUL]HGDVIROORZV

x 0DWHULDOWREHXVHGDVFRPSDFWHGEDFNILOOIRU8QLWVKDOOEHDVHOHFWHGVDQGDQGEHIUHH

RIPXGG\PDWHULDORUJDQLFPDWWHUUXEELVKGHEULVRURWKHUXQVXLWDEOHPDWHULDOV7KH

PRLVWXUHFRQWHQWRIWKHVDQGVKDOOEHZLWKLQWKHOLPLWVUHTXLUHGWRREWDLQWKHVSHFLILHG

FRPSDFWLRQ'UHGJHGPDWHULDOVKDOOEHVWRFNSLOHGVRDVWRIDFLOLWDWHGUDLQDJH1R

OLPHURFNVKDOOEHXVHGIRUILOO7KLVPHHWVDQGH[FHHGVWKH1$&(63

5HIHUHQFH 6HFWLRQEDFNILOOUHFRPPHQGDWLRQIURP185(*

x %DFNILOOPDWHULDOGHVLJQDWHGDV&ODVV,PDWHULDOIRU8QLWVKDOOKDYHQRPRUHWKDQ

VLOWFRQWHQW ILQHUWKDQ1RVLHYH EHIUHHRIFOD\EDOOVDQGQRURFNIUDJPHQWVODUJHU

WKDQLQFKHVVKDOOEHXVHGIRUWKHILOOH[FHSWLQDUHDVZKHUHKDQGFRPSDFWLRQLV

UHTXLUHGZKHUHLQWKHPD[LPXPURFNIUDJPHQWVL]HVKDOOQRWH[FHHGLQFKHV6LHYH

DQDO\VHVDUHSHUIRUPHGLQDFFRUGDQFHZLWK$670'RU'2QO\&ODVV,EDFNILOO

LVXVHGDW6W/XFLH7KLVPHHWVDQGH[FHHGVWKH$670' 5HIHUHQFH VL]H

UHFRPPHQGDWLRQIURP185(*

$OWKRXJKVWDLQOHVVVWHHOLVVXVFHSWLEOHWRDWWDFNE\FKORULGHVVXFKDWWDFNVDUHSULPDULO\

FDWDO\]HGZKHQPRLVWXUHEUHDNVWKHFKORULGHPROHFXOHV¶LRQLFERQGVIUHHLQJFKORULQHLRQVWR

DWWDFNWKHVWDLQOHVVVWHHOSLSLQJ7KHFRQFUHWHIORRUVODEDVVRFLDWHGZLWKWKHWXUELQHEXLOGLQJ

VKLHOGVWKHSLSLQJIURPUDLQZDWHUVDOWZDWHUDQGRWKHUPRLVWXUHRUFKORULGHLQWUXVLRQ(YHQLI

PRLVWXUHLQWUXVLRQRFFXUUHGVDQGLVNQRZQWRKDYHUHODWLYHO\JRRGGUDLQDJHSURSHUWLHVVR

VWDJQDQWPRLVWXUHOHDGLQJWRDFRQWLQXHGFKORULGHDWWDFNZRXOGQRWRFFXU$GGLWLRQDOO\DV

LGHQWLILHGLQWKHUHVSRQVHWR6HW5$,%WKHPDMRULW\RIWKHVRLOVDPSOHVOLVWHGKDG

FKORULGHDQGVXOIDWHUHDGLQJVEHORZWKHWKUHVKROGRIGHWHFWLRQ7KHWZRH[FHSWLRQVWRWKLVZHUH

DWVRLOVDPSOHVQHDUWKHLQWDNHFRROLQJZDWHU ,&: SLSLQJRQWKHLQWDNHVLGHRIWKHSODQWZKLFK

PHDVXUHGPJNJGU\FKORULGHVDQGPJNJGU\VXOIDWHVDQGWKHRXWOLHUVDPSOHQHDUWKH

GLVFKDUJHVWUXFWXUHZKHUHVDOWZDWHULQWUXVLRQKDGRFFXUUHG 5HIHUHQFH 1HLWKHURIWKHWZR

RXWOLHUVDPSOHORFDWLRQVDUHQHDUDQ\RIWKHVXEMHFWJUDGHVWDLQOHVVVWHHOSLSLQJ

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



$QRSHUDWLQJH[SHULHQFH 2( VHDUFKRIWKH\HDUDFWLRQUHTXHVW $5 GDWDEDVHDQG

FRPSRQHQWGDWDEDVH 1$06 GLGQRWLGHQWLI\DQ\DJLQJUHODWHGGHJUDGDWLRQIRUWKH8QLW

VWDLQOHVVVWHHO$):DQGFRQGHQVDWHV\VWHPSLSLQJEXULHGEHQHDWKWKH8QLWWXUELQHEXLOGLQJ

QRUZDVDJHUHODWHGGHJUDGDWLRQLGHQWLILHGIRUDQ\RWKHUEXULHGVWDLQOHVVVWHHOSLSLQJDWWKHVLWH

'XHWRWKHORZQXPEHURIFKORULGHVZLWKLQWKHVRLOWKHORZOLNHOLKRRGRIVWDJQDQWPRLVWXUHGXHWR

WKHFRQFUHWHIORRUVODEVKLHOGLQJJRRGVRLOEDFNILOOGUDLQDJHDQGQRKLVWRU\RIQHJDWLYH2(DQ

H[FHSWLRQWRWKH185(*UHFRPPHQGDWLRQRIFRDWLQJEXULHGVWDLQOHVVVWHHOSLSLQJDVD

SUHYHQWLYHDFWLRQLVUHDVRQDEOHDQGZLOOEHWDNHQZLWKUHVSHFWWRWKH8QLWVWDLQOHVVVWHHO$):

SXPSUHFLUFXODWLRQSLSLQJDQGFRQGHQVDWHV\VWHP $):SXPSVXFWLRQ SLSLQJEXULHGEHQHDWK

WKH8QLWWXUELQHEXLOGLQJ$GGLWLRQDOO\IRUWKHVDPHUHDVRQLQJWKHLQVSHFWLRQTXDQWLWLHVOLVWHG

LQ185(*7DEOH;,0DUHDGHTXDWHIRUSURYLGLQJUHDVRQDEOHDVVXUDQFHWKDWWKH

XQFRDWHGEXULHGVWDLQOHVVSLSLQJDW6W/XFLHZLOOPDLQWDLQLWVSUHVVXUHERXQGDU\IXQFWLRQ

WKURXJKRXWWKH63(2

'XHWRWKHQHZH[FHSWLRQIRUEXULHGVWDLQOHVVVWHHOSLSLQJ³FRDWLQJV'WKHIROORZLQJ6/5$WDEOHV

DQGVHFWLRQVDUHLPSDFWHG

x 7DEOH6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQVIRUWKH$X[LOLDU\6\VWHPV

x 7DEOH'LHVHO*HQHUDWRUVDQG6XSSRUW6\VWHPV+/-6XPPDU\RI$JLQJ

0DQDJHPHQW(YDOXDWLRQ

x 7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW

(YDOXDWLRQ

x 7DEOH,QWDNH&RROLQJ:DWHU(PHUJHQF\&RROLQJ&DQDO+/-6XPPDU\RI$JLQJ

0DQDJHPHQW(YDOXDWLRQ

x 7DEOH3ULPDU\0DNHXS:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

x 7DEOH9HQWLODWLRQ+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

x 7DEOH6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQVIRUWKH6WHDPDQG3RZHU

&RQYHUVLRQ6\VWHPV

x 7DEOH$X[LOLDU\)HHGZDWHUDQG&RQGHQVDWH+/-6XPPDU\RI$JLQJ0DQDJHPHQW

(YDOXDWLRQ

x 7DEOH%36/$JLQJ0DQDJHPHQW3URJUDP&RQVLVWHQF\ZLWK185(*

x 6HFWLRQ%2YHUYLHZ

x 6HFWLRQ%%XULHGDQG8QGHUJURXQG3LSLQJDQG7DQNV

6HYHUDORIWKHLPSDFWHGSDJHVDVVRFLDWHGZLWKWKHDERYHWDEOHVDQGVHFWLRQVZHUHDOVR

LPSDFWHGE\SUHYLRXV6/5$6XSSOHPHQWVDQG5$,UHVSRQVHV 5HIHUHQFHVDQG 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



5HIHUHQFHV

 1$&(6WDQGDUG3UDFWLFH63³&RQWURORI([WHUQDO&RUURVLRQRQ8QGHUJURXQG

RU6XEPHUJHG0HWDOOLF3LSLQJ6\VWHPV'+RXVWRQ7H[DV1$&(,QWHUQDWLRQDO

 $670$670'³&ODVVLILFDWLRQIRU6L]HVRI$JJUHJDWHIRU5RDGDQG%ULGJH

&RQVWUXFWLRQ':HVW&RQVKRKRFNHQ3HQQV\OYDQLD$670,QWHUQDWLRQDO

 )ORULGD3RZHUDQG/LJKW&RPSDQ\ )3/ /HWWHUWR15&/GDWHG-XQH

>6W/XFLH8QLWVDQG@6XEVHTXHQW/LFHQVH5HQHZDO$SSOLFDWLRQ+/-$JLQJ

0DQDJHPHQW5HTXHVWVIRU$GGLWLRQDO,QIRUPDWLRQ 5$, 6HW$5HVSRQVHDQG5HTXHVW

IRU&RQILUPDWLRQRI,QIRUPDWLRQ 5&, 6HW5HVSRQVH$'$06$FFHVVLRQ1R

0/$

 )ORULGD3RZHUDQG/LJKW&RPSDQ\ )3/ /HWWHUWR15&/GDWHG$SULO

>6W/XFLH8QLWVDQG@6XEVHTXHQW/LFHQVH5HQHZDO$SSOLFDWLRQ5HYLVLRQ+/-

6XSSOHPHQW$'$06$FFHVVLRQ1R0/$

 )ORULGD3RZHUDQG/LJKW&RPSDQ\ )3/ /HWWHUWR15&/GDWHG$XJXVW

>6W/XFLH8QLWVDQG@6XEVHTXHQW/LFHQVH5HQHZDO$SSOLFDWLRQ$JLQJ

0DQDJHPHQW5HTXHVWVIRU$GGLWLRQDO,QIRUPDWLRQ 5$, 6HW5HVSRQVHDQG6XEPLWWDORI

6XSHUVHGHG5HVSRQVHIRU2QH6HW5$,DQG2QH6XSSOHPHQW$WWDFKPHQW$'$06

$FFHVVLRQ1R0/$

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



$VVRFLDWHG6/5$5HYLVLRQV

6/5$7DEOHSDJHDVXSGDWHGE\6XSSOHPHQW$WWDFKPHQWDQG6HW5$,LVXSGDWHGDVIROORZV

7DEOH6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQVIRUWKH$X[LOLDU\6\VWHPV

,WHP &RPSRQHQW $JLQJ(IIHFW0HFKDQLVP $JLQJ0DQDJHPHQW )XUWKHU 'LVFXVVLRQ

1XPEHU 3URJUDP $03 7/$$ (YDOXDWLRQ

5HFRPPHQGHG

 6WDLQOHVVVWHHO /RVVRIPDWHULDOGXHWR $03;,0%XULHG 1R &RQVLVWHQWZLWK185(*ZLWK

QLFNHODOOR\SLSLQJ SLWWLQJFUHYLFHFRUURVLRQ DQG8QGHUJURXQG3LSLQJ H[FHSWLRQ7KH%XULHGDQG8QGHUJURXQG

SLSLQJFRPSRQHQWV 0,& VRLORQO\  DQG7DQNV 3LSLQJDQG7DQNV$03LVXVHGWRPDQDJH

H[SRVHGWRVRLO ORVVRIPDWHULDOLQVWDLQOHVVVWHHOSLSLQJ

FRQFUHWH SLSLQJFRPSRQHQWVH[SRVHGWRVRLORU

FRQFUHWH

 7LWDQLXPVXSHU /RVVRIPDWHULDOGXHWR $03;,0%XULHG 1R &RQVLVWHQWZLWK185(*ZLWK

DXVWHQLWLFFRSSHU JHQHUDO FRSSHUDOOR\ DQG8QGHUJURXQG3LSLQJ H[FHSWLRQ7KH%XULHGDQG8QGHUJURXQG

DOOR\VWDLQOHVV RQO\ SLWWLQJFUHYLFH DQG7DQNV 3LSLQJDQG7DQNV$03LVXVHGWRPDQDJH

VWHHOQLFNHODOOR\ FRUURVLRQ0,& VXSHU ORVVRIPDWHULDOLQVWDLQOHVVVWHHOFORVXUH

SLSLQJSLSLQJ DXVWHQLWLFFRSSHUDOOR\ EROWLQJH[SRVHGWRVRLO

FRPSRQHQWVWDQNV VWDLQOHVVVWHHOQLFNHO

FORVXUHEROWLQJ DOOR\VRLOHQYLURQPHQW

H[SRVHGWRVRLO RQO\ 

FRQFUHWH

XQGHUJURXQG

 6WHHOSLSLQJSLSLQJ /RVVRIPDWHULDOGXHWR $03;,0%XULHG 1R &RQVLVWHQWZLWK185(*ZLWK

FRPSRQHQWV JHQHUDOSLWWLQJFUHYLFH DQG8QGHUJURXQG3LSLQJ H[FHSWLRQ7KH%XULHGDQG8QGHUJURXQG

FORVXUHEROWLQJ FRUURVLRQ0,& VRLORQO\  DQG7DQNV 3LSLQJDQG7DQNV$03LVXVHGWRPDQDJH

H[SRVHGWRVRLO ORVVRIPDWHULDOLQVWHHOSLSLQJSLSLQJ

FRQFUHWH FRPSRQHQWVDQGFORVXUHEROWLQJH[SRVHGWR

XQGHUJURXQG VRLORUFRQFUHWHWKDWDUHVXEMHFWWRZHWWLQJ

 7KLVOLQHLWHPRQO\DSSOLHVWR%:5V

 6WHHOVWUXFWXUDO /RVVRIPDWHULDOGXHWR $03;,6 1R 1RWXVHG

VWHHOH[SRVHGWRDLU JHQHUDOSLWWLQJFUHYLFH 6WUXFWXUHV0RQLWRULQJ ,WHP1XPEHULVXVHGIRUORVV

+/-LQGRRU FRUURVLRQ RIPDWHULDORIVWHHOVWUXFWXUDOVWHHO

XQFRQWUROOHG H[SRVHGWRDLU+/-LQGRRUXQFRQWUROOHG

 6WHHOSLSLQJSLSLQJ 1RQH 1RQH <HV 6536/5 &RQVLVWHQWZLWK185(*

FRPSRQHQWV 6HFWLRQ  7KHUHDUHQRDJLQJHIIHFWVWREHPDQDJHGIRU

H[SRVHGWRFRQFUHWH VWHHOSLSLQJDQGSLSLQJFRPSRQHQWVDQGWKH

8QLW'267VH[SRVHGWRFRQFUHWHWKDWDUH

QRWVXEMHFWWRZHWWLQJ

)XUWKHUHYDOXDWLRQLVGRFXPHQWHGLQ

6HFWLRQ



6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQVIRUWKH$X[LOLDU\6\VWHPV

,WHP &RPSRQHQW $JLQJ(IIHFW0HFKDQLVP $JLQJ0DQDJHPHQW )XUWKHU 'LVFXVVLRQ

1XPEHU 3URJUDP $03 7/$$ (YDOXDWLRQ

5HFRPPHQGHG

 6WDLQOHVVVWHHO &UDFNLQJGXHWR6&& $03;,0%XULHG 1R &RQVLVWHQWZLWK185(*ZLWK

VWHHODOXPLQXP VWHHOLQ DQG8QGHUJURXQG3LSLQJ H[FHSWLRQ7KH%XULHGDQG8QGHUJURXQG

SLSLQJSLSLQJ FDUERQDWHELFDUERQDWH DQG7DQNV 3LSLQJDQG7DQNV$03LVXVHGWRPDQDJH

FRPSRQHQWVWDQNV HQYLURQPHQWRQO\  FUDFNLQJIRUVWHHODQGVWDLQOHVVVWHHOSLSLQJ

H[SRVHGWRVRLO SLSLQJFRPSRQHQWVDQGEROWLQJH[SRVHGWR

FRQFUHWH VRLORUFRQFUHWH

 6WDLQOHVVVWHHO &UDFNLQJGXHWR6&& $03;,0 1R &RQVLVWHQWZLWK185(*7KH%ROWLQJ

FORVXUHEROWLQJ %ROWLQJ,QWHJULW\ ,QWHJULW\$03LVXVHGWRPDQDJHFUDFNLQJRI

H[SRVHGWRDLUVRLO VWDLQOHVVVWHHOFORVXUHEROWLQJH[SRVHGWR

FRQFUHWH LQGRRUXQFRQWUROOHGDLURXWGRRUDLUDQGVRLO

XQGHUJURXQGZDVWH

ZDWHU

 6WDLQOHVVVWHHO &UDFNLQJGXHWR6&& $03;,0 <HV 6536/5 &RQVLVWHQWZLWK185(*ZLWK

XQGHUJURXQGSLSLQJ 2QH7LPH,QVSHFWLRQ 6HFWLRQ  H[FHSWLRQIRUWKH%XULHGDQG

SLSLQJFRPSRQHQWV $03;,0%XULHG 8QGHUJURXQG3LSLQJDQG7DQNV$03

WDQNV DQG8QGHUJURXQG3LSLQJ 7KH%XULHGDQG8QGHUJURXQG3LSLQJDQG

DQG7DQNVRU$03 7DQNV$03LVXVHGWRPDQDJHORVVRI

,0 PDWHULDORIVWDLQOHVVSLSLQJH[SRVHGWRDQ

,QWHUQDO XQGHUJURXQGHQYLURQPHQW

&RDWLQJV/LQLQJVIRU )XUWKHUHYDOXDWLRQLVGRFXPHQWLQ

,Q6FRSH3LSLQJ3LSLQJ 6HFWLRQ

&RPSRQHQWV+HDW

([FKDQJHUVDQG7DQNV

 1LFNHODOOR\QLFNHO /RVVRIPDWHULDOGXHWR $03;,0$ 1R 1RWDSSOLFDEOH

DOOR\FODGGLQJ SLWWLQJFUHYLFHFRUURVLRQ &ORVHG7UHDWHG:DWHU 7KHUHDUHQRQLFNHODOOR\RUQLFNHODOOR\FODG

SLSLQJSLSLQJ 0,& 6\VWHPV SLSLQJRUSLSLQJFRPSRQHQWVH[SRVHGWR

FRPSRQHQWV FORVHGF\FOHFRROLQJZDWHULQWKH$X[LOLDU\

H[SRVHGWR 6\VWHPV

FORVHGF\FOHFRROLQJ

ZDWHU

 )LEHUJODVVSLSLQJ &UDFNLQJEOLVWHULQJORVV $03;,0 1R 1RWDSSOLFDEOH

SLSLQJFRPSRQHQWV RIPDWHULDOGXHWR ([WHUQDO6XUIDFHV 7KHUHDUHQRILEHUJODVVSLSLQJDQGSLSLQJ

GXFWLQJGXFWLQJ H[SRVXUHWRXOWUDYLROHW 0RQLWRULQJRI FRPSRQHQWVLQWKH$X[LOLDU\6\VWHPV

FRPSRQHQWV OLJKWR]RQHUDGLDWLRQ 0HFKDQLFDO H[SRVHGWRRXWGRRUDLUWKDWUHTXLUHDJLQJ

H[SRVHGWRDLU+/- WHPSHUDWXUHRUPRLVWXUH &RPSRQHQWV PDQDJHPHQW

RXWGRRU

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQVIRUWKH$X[LOLDU\6\VWHPV

,WHP &RPSRQHQW $JLQJ(IIHFW0HFKDQLVP $JLQJ0DQDJHPHQW )XUWKHU 'LVFXVVLRQ

1XPEHU 3URJUDP $03 7/$$ (YDOXDWLRQ

5HFRPPHQGHG

 6WDLQOHVVVWHHO /RVVRIPDWHULDOGXHWR $03;,0 <HV 6536/5 &RQVLVWHQWZLWK185(*ZLWK

QLFNHODOOR\ SLWWLQJFUHYLFHFRUURVLRQ 2QH7LPH,QVSHFWLRQ 6HFWLRQ  H[FHSWLRQIRUWKH%XULHGDQG

XQGHUJURXQGSLSLQJ $03;,0%XULHG 8QGHUJURXQG3LSLQJDQG7DQNV$03

SLSLQJFRPSRQHQWV DQG8QGHUJURXQG3LSLQJ 7KH%XULHGDQG8QGHUJURXQG3LSLQJDQG

WDQNV DQG7DQNVRU$03 7DQNV$03LVXVHGWRPDQDJHFUDFNLQJRI

,0 VWDLQOHVVVWHHOSLSLQJFRPSRQHQWVH[SRVHG

,QWHUQDO WRDQXQGHUJURXQGHQYLURQPHQW

&RDWLQJV/LQLQJVIRU 

,Q6FRSH3LSLQJ3LSLQJ )XUWKHUHYDOXDWLRQLVGRFXPHQWHGLQ

&RPSRQHQWV+HDW 6HFWLRQ

([FKDQJHUVDQG7DQNV

 $OXPLQXPSLSLQJ /RVVRIPDWHULDOGXHWR $03;,0 <HV 6536/5 1RWDSSOLFDEOH

SLSLQJFRPSRQHQWV SLWWLQJFUHYLFHFRUURVLRQ 2XWGRRUDQG/DUJH 6HFWLRQ  7KHUHDUHQRDOXPLQXPSLSLQJRUSLSLQJ

WDQNVH[SRVHGWR $WPRVSKHULF0HWDOOLF FRPSRQHQWVH[SRVHGWRUDZZDWHURUZDVWH

UDZZDWHUZDVWH 6WRUDJH7DQNV$03 ZDWHULQWKH$X[LOLDU\6\VWHPV

ZDWHU  ;,0

2QH7LPH,QVSHFWLRQ

$03;,0

,QVSHFWLRQRI,QWHUQDO

6XUIDFHVLQ

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWVRU$03

,0

,QWHUQDO

&RDWLQJV/LQLQJVIRU

,Q6FRSH3LSLQJ3LSLQJ

&RPSRQHQWV+HDW

([FKDQJHUVDQG7DQNV

 $OXPLQXPSLSLQJ 1RQH 1RQH 1R 1RWXVHG

SLSLQJFRPSRQHQWV %RULFDFLGFRUURVLRQLVQRWDQDSSOLFDEOH

WDQNVH[SRVHGWRDLU DJLQJHIIHFWIRUDOXPLQXPWKHDVVRFLDWHG

ZLWKERUDWHGZDWHU 185(*DJLQJLWHPVDUHQRWXVHG

OHDNDJH

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH'LHVHO*HQHUDWRUVDQG6XSSRUW6\VWHPV+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH &DUERQVWHHO 7UHDWHGZDWHU /RVVRIPDWHULDO &ORVHG7UHDWHG 9,,+$3  $

ERXQGDU\ LQW  :DWHU6\VWHPV

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO 8QGHUJURXQG /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ H[W  8QGHUJURXQG3LSLQJ

DQG7DQNV % 

3LSLQJ 3UHVVXUH &RSSHUDOOR\ $LU+/-GU\ LQW  /RVVRIPDWHULDO &RPSUHVVHG$LU 9,,'$  $

ERXQGDU\ 0RQLWRULQJ % 

3LSLQJ 3UHVVXUH &RSSHUDOOR\ $LU+/-LQGRRU 1RQH 1RQH 9,,-$3  $

ERXQGDU\ XQFRQWUROOHG H[W 

3LSLQJ 3UHVVXUH &RSSHUDOOR\ )XHORLO LQW  /RVVRIPDWHULDO )XHO2LO&KHPLVWU\ 9,,+$3  %

ERXQGDU\  %  $

2QH7LPH,QVSHFWLRQ

% 

3LSLQJ 3UHVVXUH &RSSHUDOOR\ 7UHDWHGZDWHU /RVVRIPDWHULDO &ORVHG7UHDWHG 9,,+$3  $

ERXQGDU\ LQW  :DWHU6\VWHPV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-GU\ LQW  /RVVRIPDWHULDO &RPSUHVVHG$LU 9,,'$  $

ERXQGDU\ 0RQLWRULQJ % 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-LQGRRU &UDFNLQJ ([WHUQDO6XUIDFHV 9,,+$3E  $

ERXQGDU\ XQFRQWUROOHG H[W  0RQLWRULQJRI

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,+$3E  $

ERXQGDU\ XQFRQWUROOHG H[W  0RQLWRULQJRI

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-LQGRRU &UDFNLQJ ,QVSHFWLRQRI,QWHUQDO 9,,'$3E  $

ERXQGDU\ XQFRQWUROOHG LQW  6XUIDFHVLQ

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHDVXSGDWHGE\6XSSOHPHQW$WWDFKPHQWLVXSGDWHGDVIROORZV

7DEOH'LHVHO*HQHUDWRUVDQG6XSSRUW6\VWHPV+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9,,+$3F  $

ERXQGDU\ XQFRQWUROOHG LQW  6XUIDFHVLQ

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO )XHORLO LQW  /RVVRIPDWHULDO )XHO2LO&KHPLVWU\ 9,,+$3  %

ERXQGDU\  %  $

2QH7LPH,QVSHFWLRQ

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO /XEULFDWLQJRLO /RVVRIPDWHULDO /XEULFDWLQJ2LO 9,,+$3  $

ERXQGDU\ LQW  $QDO\VLV % 

2QH7LPH,QVSHFWLRQ

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO 7UHDWHGZDWHU /RVVRIPDWHULDO &ORVHG7UHDWHG 9,,&$  $

ERXQGDU\ LQW  :DWHU6\VWHPV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO 8QGHUJURXQG &UDFNLQJ %XULHGDQG 9,,,$E  $%

ERXQGDU\ H[W  8QGHUJURXQG3LSLQJ

DQG7DQNV % 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO 8QGHUJURXQG /RVVRIPDWHULDO %XULHGDQG 9,,,$E  $%

ERXQGDU\ H[W  8QGHUJURXQG3LSLQJ

DQG7DQNV % 

3LSLQJ LQVXODWHG  3UHVVXUH &DUERQVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$D  $

ERXQGDU\ XQFRQWUROOHG H[W  0RQLWRULQJRI

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJDQGSLSLQJ 3UHVVXUH &DUERQVWHHO 'LHVHOH[KDXVW &XPXODWLYH 7/$$+/-6HFWLRQ 9,,($  $

FRPSRQHQWV ERXQGDU\ LQW  IDWLJXHGDPDJH 0HWDO)DWLJXH

RI1RQ&ODVV

&RPSRQHQWV

3LSLQJDQGSLSLQJ 3UHVVXUH 6WDLQOHVVVWHHO 'LHVHOH[KDXVW &XPXODWLYH 7/$$+/-6HFWLRQ 9,,($  $

FRPSRQHQWV ERXQGDU\ LQW  IDWLJXHGDPDJH 0HWDO)DWLJXH

RI1RQ&ODVV

&RPSRQHQWV

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

$FFXPXODWRU 3UHVVXUH &DUERQVWHHO $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ 0RQLWRULQJRI

0HFKDQLFDO

&RPSRQHQWV

% 

$FFXPXODWRU 3UHVVXUH &DUERQVWHHO $LU+/-RXWGRRU LQW  /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9$(  $

ERXQGDU\ 6XUIDFHVLQ

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH XQFRQWUROOHG H[W   % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-LQGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH XQFRQWUROOHG H[W   % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH  % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-RXWGRRU H[W  /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH  % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO 6RLO H[W  &UDFNLQJ %XULHGDQG 9,,,$  &'

FORVXUH 8QGHUJURXQG3LSLQJ

DQG7DQNV % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

FORVXUH 8QGHUJURXQG3LSLQJ

DQG7DQNV % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO 6RLO H[W  /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH  % 

%ROWLQJ 0HFKDQLFDO &DVWLURQ $LU+/-LQGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH XQFRQWUROOHG H[W   % 

%ROWLQJ 0HFKDQLFDO &DVWLURQ $LU+/-LQGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH XQFRQWUROOHG H[W   % 

%ROWLQJ 0HFKDQLFDO &DVWLURQ $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH  % 

%ROWLQJ 0HFKDQLFDO &DVWLURQ $LU+/-RXWGRRU H[W  /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH  % 

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

%ROWLQJ 0HFKDQLFDO &DVWLURQ 6RLO H[W  &UDFNLQJ %XULHGDQG 9,,,$  &'

FORVXUH 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

%ROWLQJ 0HFKDQLFDO &DVWLURQ 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

FORVXUH 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

%ROWLQJ 0HFKDQLFDO &DVWLURQ 6RLO H[W  /RVVRIPDWHULDO 6HOHFWLYH/HDFKLQJ 9,,*$  &

FORVXUH  %  

%ROWLQJ 0HFKDQLFDO &DVWLURQ 6RLO H[W  /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH  %  

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-LQGRRU &UDFNLQJ %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH XQFRQWUROOHG H[W   %  

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH XQFRQWUROOHG H[W   %  

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH XQFRQWUROOHG H[W   %  

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-RXWGRRU H[W  &UDFNLQJ %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH  %  

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH  %  

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-RXWGRRU H[W  /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH  %  

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO 6RLO H[W  &UDFNLQJ %XULHGDQG 9,,,$  &'

FORVXUH 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

FORVXUH 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO 6RLO H[W  /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH  %  

'ULSSDQ 'LUHFWIORZ 6WDLQOHVVVWHHO $LU+/-LQGRRU &UDFNLQJ ([WHUQDO6XUIDFHV 9,,*$3E  $

XQFRQWUROOHG H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

'ULSSDQ 'LUHFWIORZ 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,*$3E  $

XQFRQWUROOHG H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

'ULSSDQ 'LUHFWIORZ 6WDLQOHVVVWHHO $LU+/-LQGRRU &UDFNLQJ ,QVSHFWLRQRI,QWHUQDO 9,,*$3F  $

XQFRQWUROOHG LQW  6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

'ULSSDQ 'LUHFWIORZ 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9,,*$3F  $

XQFRQWUROOHG LQW  6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

'ULSSDQ 'LUHFWIORZ 6WDLQOHVVVWHHO /XEULFDWLQJRLO LQW  /RVVRIPDWHULDO /XEULFDWLQJ2LO 9,,*$3  &

$QDO\VLV %  

2QH7LPH,QVSHFWLRQ

% 

)LUHK\GUDQW 3UHVVXUH *UD\FDVWLURQ $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$3  $

ERXQGDU\  %  

)LUHK\GUDQW 3UHVVXUH *UD\FDVWLURQ $LU+/-RXWGRRU LQW  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$3  $

ERXQGDU\  %  

)LUHK\GUDQW 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  /RQJWHUPORVV 2QH7LPH,QVSHFWLRQ 9,,*$  $

ERXQGDU\ RIPDWHULDO  %  

)LUHK\GUDQW 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  /RVVRIPDWHULDO 6HOHFWLYH/HDFKLQJ 9,,*$  $

ERXQGDU\  %  

)LUHK\GUDQW 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$3  $

ERXQGDU\ )ORZEORFNDJH  %  

)LUHK\GUDQW 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  :DOOWKLQQLQJ+/- )LUH:DWHU6\VWHP 9,,&$  (

ERXQGDU\ HURVLRQ  %  

)LUHK\GUDQW 3UHVVXUH *UD\FDVWLURQ 6RLO H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

)LUHK\GUDQW 3UHVVXUH *UD\FDVWLURQ 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

)LUHK\GUDQW 3UHVVXUH *UD\FDVWLURQ 6RLO H[W  /RVVRIPDWHULDO 6HOHFWLYH/HDFKLQJ 9,,*$  $

ERXQGDU\  %  

)ODPHDUUHVWRU )LUH $OXPLQXP $LU+/-LQGRRU &UDFNLQJ ([WHUQDO6XUIDFHV 9,,*$E  $

SUHYHQWLRQ XQFRQWUROOHG H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

)ODPHDUUHVWRU )LUH $OXPLQXP $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,+$E  $

SUHYHQWLRQ XQFRQWUROOHG H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

)ODPHDUUHVWRU )LUH $OXPLQXP $LU+/-LQGRRU &UDFNLQJ ,QVSHFWLRQRI,QWHUQDO 9,,*$F  $

SUHYHQWLRQ XQFRQWUROOHG LQW  6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

)ODPHDUUHVWRU )LUH $OXPLQXP $LU+/-LQGRRU /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9,,+$F  $

SUHYHQWLRQ XQFRQWUROOHG LQW  6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

)ODPHDUUHVWRU )LUH $OXPLQXP /XEULFDWLQJRLO LQW  /RVVRIPDWHULDO /XEULFDWLQJ2LO 9,,*$3  $

SUHYHQWLRQ $QDO\VLV %  

2QH7LPH,QVSHFWLRQ

% 

)ODPHDUUHVWRU )LUH 6WDLQOHVVVWHHO $LU+/-LQGRRU &UDFNLQJ ([WHUQDO6XUIDFHV 9,,*$3E  $

SUHYHQWLRQ XQFRQWUROOHG H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH &DUERQVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ XQFRQWUROOHG H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9$(  $

ERXQGDU\ XQFRQWUROOHG LQW  6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ 0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO $LU+/-RXWGRRU LQW  /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9$(  $

ERXQGDU\ 6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO &RQFUHWH H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH &DUERQVWHHO &RQFUHWH H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH &DUERQVWHHO /XEULFDWLQJRLO LQW  /RVVRIPDWHULDO /XEULFDWLQJ2LO 9,,*$3  $

ERXQGDU\ $QDO\VLV %  

2QH7LPH,QVSHFWLRQ

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU H[W  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$  $

ERXQGDU\  %  

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU LQW  /RQJWHUPORVV 2QH7LPH,QVSHFWLRQ 9,,*$  $

ERXQGDU\ RIPDWHULDO  %  

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU LQW  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$  $

ERXQGDU\ )ORZEORFNDJH  %  

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU LQW  /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9,,&$  $

ERXQGDU\ )ORZEORFNDJH 6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU LQW  :DOOWKLQQLQJ+/- )LUH:DWHU6\VWHP 9,,&$  (

ERXQGDU\ HURVLRQ  %  

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU LQW  :DOOWKLQQLQJ+/- ,QVSHFWLRQRI,QWHUQDO 9,,&$  (

ERXQGDU\ HURVLRQ 6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO 6RLO H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH &DUERQVWHHO 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH &RDWLQJ 5DZZDWHU LQW  /RVVRIFRDWLQJ ,QWHUQDO 9,,*$  $

ERXQGDU\ RUOLQLQJLQWHJULW\ &RDWLQJV/LQLQJVIRU 

,Q6FRSH3LSLQJ

3LSLQJ&RPSRQHQWV

+HDW([FKDQJHUV

DQG7DQNV % 

3LSLQJ 3UHVVXUH &RDWLQJ 5DZZDWHU LQW  /RVVRIFRDWLQJ ,QWHUQDO 9,,*$  $

ERXQGDU\ FHPHQWLWLRXV  RUOLQLQJLQWHJULW\ &RDWLQJV/LQLQJVIRU 

FHPHQWLWLRXV  ,Q6FRSH3LSLQJ

3LSLQJ&RPSRQHQWV

+HDW([FKDQJHUV

DQG7DQNV % 

3LSLQJ 3UHVVXUH &RSSHUDOOR\ $LU+/-LQGRRU 1RQH 1RQH 9,,-$3  $

ERXQGDU\ XQFRQWUROOHG H[W  

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH &RSSHUDOOR\ $LU+/-RXWGRRU H[W  1RQH 1RQH 9,,-$3  $

ERXQGDU\ 

3LSLQJ 3UHVVXUH &RSSHUDOOR\ 5DZZDWHU LQW  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$3  $

ERXQGDU\ )ORZEORFNDJH  %  

3LSLQJ 3UHVVXUH &RSSHUDOOR\ 5DZZDWHU LQW  :DOOWKLQQLQJ+/- )LUH:DWHU6\VWHP 9,,&$  (

ERXQGDU\ HURVLRQ  %  

3LSLQJ 3UHVVXUH &RSSHUDOOR\ $LU+/-LQGRRU &UDFNLQJ ([WHUQDO6XUIDFHV 9,,,+6  $

ERXQGDU\  !=Q XQFRQWUROOHG H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &RSSHUDOOR\ $LU+/-LQGRRU 1RQH 1RQH 9,,-$3  $

ERXQGDU\  !=Q XQFRQWUROOHG LQW  

3LSLQJ 3UHVVXUH &RSSHUDOOR\ $LU+/-RXWGRRU H[W  &UDFNLQJ ([WHUQDO6XUIDFHV 9,,,+6  $

ERXQGDU\  !=Q 0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &RSSHUDOOR\ $LU+/-RXWGRRU LQW  1RQH 1RQH 9,,-$3  $

ERXQGDU\  !=Q 

3LSLQJ 3UHVVXUH 'XFWLOHLURQ $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ 0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 'XFWLOHLURQ &RQFUHWH H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH 'XFWLOHLURQ 5DZZDWHU LQW  /RQJWHUPORVV 2QH7LPH,QVSHFWLRQ 9,,*$  $

ERXQGDU\ RIPDWHULDO  %  

3LSLQJ 3UHVVXUH 'XFWLOHLURQ 5DZZDWHU LQW  /RVVRIPDWHULDO 6HOHFWLYH/HDFKLQJ 9,,*$  $

ERXQGDU\  %  

3LSLQJ 3UHVVXUH 'XFWLOHLURQ 5DZZDWHU LQW  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$  $

ERXQGDU\ )ORZEORFNDJH  %  

3LSLQJ 3UHVVXUH 'XFWLOHLURQ 5DZZDWHU LQW  :DOOWKLQQLQJ+/- )LUH:DWHU6\VWHP 9,,&$  (

ERXQGDU\ HURVLRQ  %  

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH 'XFWLOHLURQ 6RLO H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH 'XFWLOHLURQ 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH 'XFWLOHLURQ 6RLO H[W  /RVVRIPDWHULDO 6HOHFWLYH/HDFKLQJ 9,,*$  $

ERXQGDU\  %  

3LSLQJ 3UHVVXUH *DOYDQL]HG $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ VWHHO 0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH *DOYDQL]HG $LU+/-RXWGRRU LQW  /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9$(  $

ERXQGDU\ VWHHO 6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH *DOYDQL]HG 5DZZDWHU LQW  /RQJWHUPORVV 2QH7LPH,QVSHFWLRQ 9,,*$  $

ERXQGDU\ VWHHO RIPDWHULDO  %  

3LSLQJ 3UHVVXUH *DOYDQL]HG 5DZZDWHU LQW  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$  $

ERXQGDU\ VWHHO )ORZEORFNDJH  %  

3LSLQJ 3UHVVXUH *DOYDQL]HG 5DZZDWHU LQW  :DOOWKLQQLQJ+/- )LUH:DWHU6\VWHP 9,,&$  (

ERXQGDU\ VWHHO HURVLRQ  %  

3LSLQJ 3UHVVXUH *UD\FDVWLURQ $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ XQFRQWUROOHG H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH *UD\FDVWLURQ $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ 0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH *UD\FDVWLURQ &RQFUHWH H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  /RQJWHUPORVV 2QH7LPH,QVSHFWLRQ 9,,*$  $

ERXQGDU\ RIPDWHULDO  %  

3LSLQJ 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  /RVVRIPDWHULDO 6HOHFWLYH/HDFKLQJ 9,,*$  $

ERXQGDU\  %  

3LSLQJ 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$  $

ERXQGDU\ )ORZEORFNDJH  %  

3LSLQJ 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  :DOOWKLQQLQJ+/- )LUH:DWHU6\VWHP 9,,&$  (

ERXQGDU\ HURVLRQ  %  

3LSLQJ 3UHVVXUH *UD\FDVWLURQ 6RLO H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH *UD\FDVWLURQ 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH *UD\FDVWLURQ 6RLO H[W  /RVVRIPDWHULDO 6HOHFWLYH/HDFKLQJ 9,,*$  $

ERXQGDU\  %  

3LSLQJ 3UHVVXUH 39&&39& $LU+/-LQGRRU 1RQH 1RQH 9,,-$3  $

ERXQGDU\ XQFRQWUROOHG H[W  

3LSLQJ 3UHVVXUH 39&&39& $LU+/-LQGRRU 1RQH 1RQH 9,,-$3  $

ERXQGDU\ XQFRQWUROOHG LQW  

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-LQGRRU &UDFNLQJ ([WHUQDO6XUIDFHV 9,,*$3E  $

ERXQGDU\ XQFRQWUROOHG H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,*$3E  $

ERXQGDU\ XQFRQWUROOHG H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

9DOYHERG\ 3UHVVXUH 'XFWLOHLURQ $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ 0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

9DOYHERG\ 3UHVVXUH 'XFWLOHLURQ 5DZZDWHU LQW  /RQJWHUPORVV 2QH7LPH,QVSHFWLRQ 9,,*$  $

ERXQGDU\ RIPDWHULDO  %  

9DOYHERG\ 3UHVVXUH 'XFWLOHLURQ 5DZZDWHU LQW  /RVVRIPDWHULDO 6HOHFWLYH/HDFKLQJ 9,,*$  $

ERXQGDU\  %  

9DOYHERG\ 3UHVVXUH 'XFWLOHLURQ 5DZZDWHU LQW  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$  $

ERXQGDU\ )ORZEORFNDJH  %  

9DOYHERG\ 3UHVVXUH 'XFWLOHLURQ 5DZZDWHU LQW  :DOOWKLQQLQJ+/- )LUH:DWHU6\VWHP 9,,&$  (

ERXQGDU\ HURVLRQ  %  

9DOYHERG\ 3UHVVXUH *UD\FDVWLURQ $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ XQFRQWUROOHG H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

9DOYHERG\ 3UHVVXUH *UD\FDVWLURQ $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ 0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

9DOYHERG\ 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  /RQJWHUPORVV 2QH7LPH,QVSHFWLRQ 9,,*$  $

ERXQGDU\ RIPDWHULDO  %  

9DOYHERG\ 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  /RVVRIPDWHULDO 6HOHFWLYH/HDFKLQJ 9,,*$  $

ERXQGDU\  %  

9DOYHERG\ 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$  $

ERXQGDU\ )ORZEORFNDJH  %  

9DOYHERG\ 3UHVVXUH *UD\FDVWLURQ 5DZZDWHU LQW  :DOOWKLQQLQJ+/- )LUH:DWHU6\VWHP 9,,&$  (

ERXQGDU\ HURVLRQ  %  

9DOYHERG\ 3UHVVXUH *UD\FDVWLURQ 6RLO H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHDVXSGDWHGE\6XSSOHPHQW$WWDFKPHQWLVXSGDWHGDVIROORZV

7DEOH)LUH3URWHFWLRQ6HUYLFH:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

9DOYHERG\ 3UHVVXUH *UD\FDVWLURQ 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

9DOYHERG\ 3UHVVXUH *UD\FDVWLURQ 6RLO H[W  /RVVRIPDWHULDO 6HOHFWLYH/HDFKLQJ 9,,*$  $

ERXQGDU\  %  

9DOYHERG\ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-RXWGRRU H[W  &UDFNLQJ ([WHUQDO6XUIDFHV 9,,*$3E  $

ERXQGDU\ 0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

9DOYHERG\ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,*$3E  $

ERXQGDU\ 0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

9DOYHERG\ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-RXWGRRU LQW  &UDFNLQJ ,QVSHFWLRQRI,QWHUQDO 9,,*$3F  $

ERXQGDU\ 6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

9DOYHERG\ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-RXWGRRU LQW  /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9,,*$3F  $

ERXQGDU\ 6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

9DOYHERG\ 3UHVVXUH 6WDLQOHVVVWHHO 5DZZDWHU LQW  /RVVRIPDWHULDO )LUH:DWHU6\VWHP 9,,*$  $

ERXQGDU\ )ORZEORFNDJH  %  

9DOYHERG\ 3UHVVXUH 6WDLQOHVVVWHHO 5DZZDWHU LQW  :DOOWKLQQLQJ+/- )LUH:DWHU6\VWHP 9,,&$  (

ERXQGDU\ HURVLRQ  %  

9DOYHERG\ KDORQ  3UHVVXUH &DUERQVWHHO $LU+/-RXWGRRU H[W  /RVVRIPDWHULDO )LUH3URWHFWLRQ 9,,*$3  $

8QLWRQO\  ERXQGDU\  %  





6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$6HFWLRQSDJHLVXSGDWHGDVIROORZV

% &RQVLVWHQWZLWKFRPSRQHQWPDWHULDOHQYLURQPHQWDJLQJHIIHFWDQG$03OLVWHGIRU185(*OLQHLWHP$03KDVH[FHSWLRQVWR185(*

$03GHVFULSWLRQ

& &RPSRQHQWLVGLIIHUHQWEXWFRQVLVWHQWZLWKPDWHULDOHQYLURQPHQWDJLQJHIIHFWDQG$03OLVWHGIRU185(*OLQHLWHP$03LVFRQVLVWHQWZLWK

185(*$03GHVFULSWLRQ

'&RPSRQHQWLVGLIIHUHQWEXWFRQVLVWHQWZLWKPDWHULDOHQYLURQPHQWDJLQJHIIHFWDQG$03OLVWHGIRU185(*OLQHLWHP$03KDVH[FHSWLRQVWR

185(*$03GHVFULSWLRQ

( &RQVLVWHQWZLWK185(*PDWHULDOHQYLURQPHQWDQGDJLQJHIIHFWEXWDGLIIHUHQW$03LVFUHGLWHGRU185(*LGHQWLILHVDSODQWVSHFLILF$03

  •  (QYLURQPHQWQRWLQ185(*IRUWKLVFRPSRQHQWDQGPDWHULDO

3ODQW6SHFLILF1RWHV

 7KH)LUH:DWHU6\VWHP$03LVXVHGWRPDQDJHWKHZDOOWKLQQLQJGXHWRHURVLRQDJLQJHIIHFWIRUILUHSURWHFWLRQFRPSRQHQWVH[SRVHGWRUDZZDWHU

 7KH,QVSHFWLRQRI,QWHUQDO6XUIDFHVLQ0LVFHOODQHRXV3LSLQJDQG'XFWLQJ&RPSRQHQWV$03LVXVHGWRPDQDJHWKHZDOOWKLQQLQJGXHWRHURVLRQDJLQJHIIHFWIRU

VHUYLFHZDWHUFRPSRQHQWVH[SRVHGWRUDZZDWHU

 7KH)LUH:DWHU6\VWHP$03LVXVHGWRPDQDJHWKHFUDFNLQJDJLQJHIIHFWIRUFRSSHUDOOR\!=QFRPSRQHQWVLQWHUQDOO\H[SRVHGWRUDZZDWHU

 7KH,QVSHFWLRQRI,QWHUQDO6XUIDFHVLQ0LVFHOODQHRXV3LSLQJDQG'XFWLQJ&RPSRQHQWV$03LVXVHGWRPDQDJHWKHFUDFNLQJDJLQJHIIHFWIRUFRSSHUDOOR\

!=QFRPSRQHQWVLQWHUQDOO\H[SRVHGWRUDZZDWHU

 7KH([WHUQDO6XUIDFHV0RQLWRULQJRI0HFKDQLFDO&RPSRQHQWV$03LVXVHGWRPDQDJHORVVRIPDWHULDOIRUWKHH[WHUQDOVXUIDFHVRIWKH\DUGVXPSSXPS$



 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH,QWDNH&RROLQJ:DWHU(PHUJHQF\&RROLQJ&DQDO+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH XQFRQWUROOHG  %  

H[W 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-LQGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH XQFRQWUROOHG  %  

H[W 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-RXWGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH H[W   %  

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-RXWGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH H[W   %  

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO 5DZZDWHU H[W  /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH  %  

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO 5DZZDWHU H[W  /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH  %  

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

FORVXUH 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO 6RLO H[W  /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH  %  

%ROWLQJ 0HFKDQLFDO &RSSHUDOOR\! 5DZZDWHU H[W  /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH $O  %  

%ROWLQJ 0HFKDQLFDO &RSSHUDOOR\! 5DZZDWHU H[W  /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH $O  %  

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-LQGRRU &UDFNLQJ %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH XQFRQWUROOHG  %  

H[W 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH XQFRQWUROOHG  %  

H[W 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH XQFRQWUROOHG  %  

H[W 

%ROWLQJ 8QLWRQO\  0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-RXWGRRU &UDFNLQJ %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH H[W   %  



6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH,QWDNH&RROLQJ:DWHU(PHUJHQF\&RROLQJ&DQDO+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

2ULILFH 7KURWWOH 6WDLQOHVVVWHHO 5DZZDWHU LQW  /RVVRIPDWHULDO 2SHQ&\FOH&RROLQJ 9,,&$  $

)ORZEORFNDJH :DWHU6\VWHP 

% 

2ULILFH 7KURWWOH 6WDLQOHVVVWHHO 5DZZDWHU LQW  :DOOWKLQQLQJ+/- 2SHQ&\FOH&RROLQJ 9,,&$  (

HURVLRQ :DWHU6\VWHP 

% 

2ULILFH 8QLWRQO\  3UHVVXUH 6WDLQOHVVVWHHO $LU+/-LQGRRU &UDFNLQJ ([WHUQDO6XUIDFHV 9,,&$3E  $

ERXQGDU\ XQFRQWUROOHG 0RQLWRULQJRI 

H[W  0HFKDQLFDO

&RPSRQHQWV

% 

2ULILFH 8QLWRQO\  3UHVVXUH 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,&$3E  $

ERXQGDU\ XQFRQWUROOHG 0RQLWRULQJRI 

H[W  0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ XQFRQWUROOHG 0RQLWRULQJRI 

H[W  0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO $LU+/-RXWGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,,$  $

ERXQGDU\ H[W  0RQLWRULQJRI 

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO $LU+/-RXWGRRU /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9$(  $

ERXQGDU\ LQW  6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO &RQFUHWH H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH,QWDNH&RROLQJ:DWHU(PHUJHQF\&RROLQJ&DQDO+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH &DUERQVWHHO &RQFUHWH H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU H[W  /RQJWHUPORVVRI 2QH7LPH,QVSHFWLRQ 9,,&$  $

ERXQGDU\ PDWHULDO  %  

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU H[W  /RVVRIPDWHULDO 2SHQ&\FOH&RROLQJ 9,,&$D  $

ERXQGDU\ :DWHU6\VWHP 

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU H[W  /RVVRIPDWHULDO 2SHQ&\FOH&RROLQJ 9,,&$3  $

ERXQGDU\ :DWHU6\VWHP 

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU LQW  /RQJWHUPORVVRI 2QH7LPH,QVSHFWLRQ 9,,&$  $

ERXQGDU\ PDWHULDO  %  

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU LQW  /RVVRIPDWHULDO 2SHQ&\FOH&RROLQJ 9,,&$D  $

ERXQGDU\ :DWHU6\VWHP 

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU LQW  /RVVRIPDWHULDO 2SHQ&\FOH&RROLQJ 9,,&$3  $

ERXQGDU\ )ORZEORFNDJH :DWHU6\VWHP 

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO 5DZZDWHU LQW  :DOOWKLQQLQJ+/- 2SHQ&\FOH&RROLQJ 9,,&$  (

ERXQGDU\ HURVLRQ :DWHU6\VWHP 

% 

3LSLQJ 3UHVVXUH &DUERQVWHHO 6RLO H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH &DUERQVWHHO 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 3UHVVXUH &RDWLQJ 5DZZDWHU LQW  /RVVRIFRDWLQJRU ,QWHUQDO 9,,&$  $

ERXQGDU\ OLQLQJLQWHJULW\ &RDWLQJV/LQLQJVIRU 

,Q6FRSH3LSLQJ

3LSLQJ&RPSRQHQWV

+HDW([FKDQJHUV

DQG7DQNV % 

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHDVXSGDWHGE\6XSSOHPHQW$WWDFKPHQWVDQGLVXSGDWHGDVIROORZV

7DEOH,QWDNH&RROLQJ:DWHU(PHUJHQF\&RROLQJ&DQDO+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-RXWGRRU &UDFNLQJ ,QVSHFWLRQRI,QWHUQDO 9,,&$3F  $

ERXQGDU\ LQW  6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-RXWGRRU /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9,,&$3F  $

ERXQGDU\ LQW  6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO 5DZZDWHU LQW  /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9,,&$  $

ERXQGDU\ )ORZEORFNDJH 6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO 5DZZDWHU LQW  /RVVRIPDWHULDO 2SHQ&\FOH&RROLQJ 9,,&$  $

ERXQGDU\ )ORZEORFNDJH :DWHU6\VWHP 

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO 5DZZDWHU LQW  :DOOWKLQQLQJ+/- ,QVSHFWLRQRI,QWHUQDO 9,,&$  (

ERXQGDU\ HURVLRQ 6XUIDFHVLQ 

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO 5DZZDWHU LQW  :DOOWKLQQLQJ+/- 2SHQ&\FOH&RROLQJ 9,,&$  (

ERXQGDU\ HURVLRQ :DWHU6\VWHP 

% 

3LSLQJ 8QLWRQO\  3UHVVXUH 6WDLQOHVVVWHHO 6RLO H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

3LSLQJ 8QLWRQO\  3UHVVXUH 6WDLQOHVVVWHHO 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ 

DQG7DQNV % 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI





7DEOH,QWDNH&RROLQJ:DWHU(PHUJHQF\&RROLQJ&DQDO+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH 6WDLQOHVV &RQFUHWH H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ VWHHO 8QGHUJURXQG 

3LSLQJDQG

7DQNV % 

3LSLQJ 3UHVVXUH 6WDLQOHVV &RQFUHWH H[W  &UDFNLQJ %XULHGDQG 9,,,$3  $%

ERXQGDU\ VWHHO 8QGHUJURXQG 

3LSLQJDQG

7DQNV % 







 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$6HFWLRQSDJHLVXSGDWHGDVIROORZV

  • HQHUDO1RWHV

$ &RQVLVWHQWZLWKFRPSRQHQWPDWHULDOHQYLURQPHQWDJLQJHIIHFWDQG$03OLVWHGIRU185(*OLQHLWHP$03LVFRQVLVWHQWZLWK185(*$03

GHVFULSWLRQ

% &RQVLVWHQWZLWKFRPSRQHQWPDWHULDOHQYLURQPHQWDJLQJHIIHFWDQG$03OLVWHGIRU185(*OLQHLWHP$03KDVH[FHSWLRQVWR185(*

$03GHVFULSWLRQ

( &RQVLVWHQWZLWK185(*PDWHULDOHQYLURQPHQWDQGDJLQJHIIHFWEXWDGLIIHUHQW$03LVFUHGLWHGRU185(*LGHQWLILHVDSODQWVSHFLILF$03

3ODQW6SHFLILF1RWHV

 7KH2SHQ&\FOH&RROLQJ:DWHU$03LVXVHGWRPDQDJHZDOOWKLQQLQJGXHWRHURVLRQIRUWKHLQWHULRUVXUIDFHVRIFRPSRQHQWVZLWKLQWKHVHUYLFHZDWHUV\VWHP

H[SRVHGWRUDZZDWHUZLWKLQWKHVFRSHRIWKH*/SURJUDP

 7KH,QVSHFWLRQRI,QWHUQDO6XUIDFHVLQ0LVFHOODQHRXV3LSLQJDQG'XFWLQJ&RPSRQHQWV$03LVXVHGWRPDQDJHZDOOWKLQQLQJGXHWRHURVLRQIRUWKHLQWHULRU

VXUIDFHVRIFRPSRQHQWVZLWKLQWKHLQWDNHFRROLQJZDWHUV\VWHPH[SRVHGWRUDZZDWHUQRWZLWKLQWKHVFRSHRIWKH*/SURJUDP



 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH3ULPDU\0DNHXS:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH XQFRQWUROOHG H[W   % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-LQGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH XQFRQWUROOHG H[W   % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-RXWGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH H[W   % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-RXWGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH H[W   % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

FORVXUH 8QGHUJURXQG3LSLQJ

DQG7DQNV % 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO 6RLO H[W  /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH  % 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-LQGRRU &UDFNLQJ %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH XQFRQWUROOHG H[W   % 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH XQFRQWUROOHG H[W   % 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH XQFRQWUROOHG H[W   % 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-RXWGRRU &UDFNLQJ %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH H[W   % 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-RXWGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH H[W   % 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO $LU+/-RXWGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH H[W   % 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO 6RLO H[W  &UDFNLQJ %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH  % 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

FORVXUH 8QGHUJURXQG3LSLQJ

DQG7DQNV % 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVVVWHHO 6RLO H[W  /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH  % 

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH3ULPDU\0DNHXS:DWHU+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH 1LFNHODOOR\ 7UHDWHGZDWHU /RVVRIPDWHULDO :DWHU&KHPLVWU\ 9,,,(63  $

ERXQGDU\ LQW   % 

2QH7LPH,QVSHFWLRQ

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-LQGRRU &UDFNLQJ ([WHUQDO6XUIDFHV 9,,($3E  $

ERXQGDU\ XQFRQWUROOHG H[W  0RQLWRULQJRI

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,($3E  $

ERXQGDU\ XQFRQWUROOHG H[W  0RQLWRULQJRI

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-RXWGRRU &UDFNLQJ ([WHUQDO6XUIDFHV 9,,($3E  $

ERXQGDU\ H[W  0RQLWRULQJRI

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO $LU+/-RXWGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,($3E  $

ERXQGDU\ H[W  0RQLWRULQJRI

0HFKDQLFDO

&RPSRQHQWV

% 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO &RQFUHWH H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ

DQG7DQNV % 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO &RQFUHWH H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ

DQG7DQNV % 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO 6RLO H[W  &UDFNLQJ %XULHGDQG 9,,,$  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ

DQG7DQNV % 

3LSLQJ 3UHVVXUH 6WDLQOHVVVWHHO 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG 9,,,$3  $%

ERXQGDU\ 8QGHUJURXQG3LSLQJ

DQG7DQNV % 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH9HQWLODWLRQ+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-LQGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH XQFRQWUROOHG  % 

H[W 

%ROWLQJ 0HFKDQLFDO &DUERQVWHHO $LU+/-LQGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH XQFRQWUROOHG  % 

H[W 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVV $LU+/-LQGRRU &UDFNLQJ %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH VWHHO XQFRQWUROOHG  % 

H[W 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVV $LU+/-LQGRRU /RVVRIPDWHULDO %ROWLQJ,QWHJULW\ 9,,,$  $

FORVXUH VWHHO XQFRQWUROOHG  % 

H[W 

%ROWLQJ 0HFKDQLFDO 6WDLQOHVV $LU+/-LQGRRU /RVVRISUHORDG %ROWLQJ,QWHJULW\ 9,,,$3  $

FORVXUH VWHHO XQFRQWUROOHG  % 

H[W 

'HPLVWHU 0RLVWXUH 6WDLQOHVV $LU+/-LQGRRU &UDFNLQJ ,QVSHFWLRQRI,QWHUQDO 9,,)$3F  $

UHPRYDO VWHHO XQFRQWUROOHG LQW  6XUIDFHVLQ

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV % 

'HPLVWHU 0RLVWXUH 6WDLQOHVV $LU+/-LQGRRU /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9,,)$3F  $

UHPRYDO VWHHO XQFRQWUROOHG LQW  6XUIDFHVLQ

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV % 

'XFW 3UHVVXUH 'XFWLOHLURQ $LU+/-LQGRRU /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9,,)$  &

ERXQGDU\ XQFRQWUROOHG LQW  6XUIDFHVLQ

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV % 

'XFW 3UHVVXUH 'XFWLOHLURQ 8QGHUJURXQG /RVVRIPDWHULDO %XULHGDQG 9,,,$3  &'

ERXQGDU\ H[W  8QGHUJURXQG3LSLQJ

DQG7DQNV % 

'XFW 3UHVVXUH *DOYDQL]HG $LU+/-LQGRRU 1RQH 1RQH 9,,-$3  &

ERXQGDU\ VWHHO XQFRQWUROOHG

H[W 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$6HFWLRQSDJHLVXSGDWHGDVIROORZV

7DEOH9HQWLODWLRQ+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ 3URJUDP ,WHP ,WHP

0DQDJHPHQW

9DOYHERG\ 3UHVVXUH 6WDLQOHVV $LU+/-LQGRRU &UDFNLQJ ([WHUQDO6XUIDFHV 9,,)$3E  $

ERXQGDU\ VWHHO XQFRQWUROOHG 0RQLWRULQJRI

H[W  0HFKDQLFDO

&RPSRQHQWV % 

9DOYHERG\ 3UHVVXUH 6WDLQOHVV $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV 9,,)$3E  $

ERXQGDU\ VWHHO XQFRQWUROOHG 0RQLWRULQJRI

H[W  0HFKDQLFDO

&RPSRQHQWV % 

9DOYHERG\ 3UHVVXUH 6WDLQOHVV $LU+/-LQGRRU &UDFNLQJ ,QVSHFWLRQRI,QWHUQDO 9,,)$3F  $

ERXQGDU\ VWHHO XQFRQWUROOHG LQW  6XUIDFHVLQ

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV % 

9DOYHERG\ 3UHVVXUH 6WDLQOHVV $LU+/-LQGRRU /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO 9,,)$3F  $

ERXQGDU\ VWHHO XQFRQWUROOHG LQW  6XUIDFHVLQ

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV % 

  • HQHUDO1RWHV

$ &RQVLVWHQWZLWKFRPSRQHQWPDWHULDOHQYLURQPHQWDJLQJHIIHFWDQG$03OLVWHGIRU185(*OLQHLWHP$03LVFRQVLVWHQWZLWK185(*$03

GHVFULSWLRQ

& &RPSRQHQWLVGLIIHUHQWEXWFRQVLVWHQWZLWKPDWHULDOHQYLURQPHQWDJLQJHIIHFWDQG$03OLVWHGIRU185(*OLQHLWHP$03LVFRQVLVWHQWZLWK

185(*$03GHVFULSWLRQ

'&RPSRQHQWLVGLIIHUHQWEXWFRQVLVWHQWZLWKPDWHULDOHQYLURQPHQWDJLQJHIIHFWDQG$03OLVWHGIRU185(*OLQHLWHP$03KDVH[FHSWLRQVWR

185(*$03GHVFULSWLRQ



3ODQW6SHFLILF1RWHV

1RQH

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHDVXSGDWHGE\6XSSOHPHQW$WWDFKPHQWLVXSGDWHGDVIROORZV

7DEOH6XPPDU\RIWKH$JLQJ0DQDJHPHQW(YDOXDWLRQVIRUWKH6WHDPDQG3RZHU&RQYHUVLRQ6\VWHPV

,WHP &RPSRQHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW )XUWKHU 'LVFXVVLRQ

1XPEHU 0HFKDQLVP 3URJUDPV (YDOXDWLRQ

5HFRPPHQGHG

 &RSSHUDOOR\SLSLQJ /RVVRIPDWHULDOGXHWR $03;,0 1R 1RWDSSOLFDEOH

 SLSLQJFRPSRQHQWV SLWWLQJFUHYLFH /XEULFDWLQJ2LO 7KHUHDUHQRFRSSHUDOOR\SLSLQJRUSLSLQJ

H[SRVHGWROXEULFDWLQJ FRUURVLRQ0,& $QDO\VLVDQG$03 FRPSRQHQWVH[SRVHGWROXEULFDWLQJRLOLQWKH

RLO  ;,0 6WHDPDQG3RZHU&RQYHUVLRQ6\VWHPV

2QH7LPH,QVSHFWLRQ

 6WDLQOHVVVWHHOSLSLQJ /RVVRIPDWHULDOGXHWR $03;,0 1R &RQVLVWHQWZLWK185(*7KH/XEULFDWLQJ

 SLSLQJFRPSRQHQWV SLWWLQJFUHYLFH /XEULFDWLQJ2LO 2LO$QDO\VLVDQG2QH7LPH,QVSHFWLRQ$03V

KHDWH[FKDQJHU FRUURVLRQ0,& $QDO\VLVDQG$03 DUHXVHGWRPDQDJHWKHORVVRIPDWHULDOLQ

FRPSRQHQWVH[SRVHGWR  ;,0 VWDLQOHVVVWHHOKHDWH[FKDQJHUFRPSRQHQWV

OXEULFDWLQJRLO 2QH7LPH,QVSHFWLRQ H[SRVHGWROXEULFDWLQJRLO

 $OXPLQXPKHDW 5HGXFWLRQRIKHDW $03;,0 1R 1RWDSSOLFDEOH

 H[FKDQJHUWXEHV WUDQVIHUGXHWRIRXOLQJ /XEULFDWLQJ2LO 7KHUHDUHQRDOXPLQXPKHDWH[FKDQJHUWXEHV

H[SRVHGWROXEULFDWLQJ $QDO\VLVDQG$03 LQWKH6WHDPDQG3RZHU&RQYHUVLRQ6\VWHPV

RLO  ;,0

2QH7LPH,QVSHFWLRQ

 6WDLQOHVVVWHHOVWHHO 5HGXFWLRQRIKHDW $03;,0 1R &RQVLVWHQWZLWK185(*7KH/XEULFDWLQJ

 FRSSHUDOOR\KHDW WUDQVIHUGXHWRIRXOLQJ /XEULFDWLQJ2LO 2LO$QDO\VLVDQG2QH7LPH,QVSHFWLRQ$03V

H[FKDQJHUWXEHV $QDO\VLVDQG$03 DUHXVHGWRPDQDJHUHGXFWLRQRIKHDWWUDQVIHU

H[SRVHGWROXEULFDWLQJ  ;,0 LQVWHHORUVWDLQOHVVVWHHOKHDWH[FKDQJHUWXEHV

RLO 2QH7LPH,QVSHFWLRQ H[SRVHGWROXEULFDWLQJRLO

 6WDLQOHVVVWHHOSLSLQJ /RVVRIPDWHULDOGXHWR $03;,0%XULHG 1R &RQVLVWHQWZLWK185(*ZLWKH[FHSWLRQ

 SLSLQJFRPSRQHQWV SLWWLQJFUHYLFH DQG8QGHUJURXQG3LSLQJ 7KLVLWHPLVXVHGIRUFRPSRQHQWVLQWKH

WDQNVFORVXUHEROWLQJ FRUURVLRQ0,& VRLO DQG7DQNV $X[LOLDU\6\VWHPV7KH%XULHGDQG

H[SRVHGWRVRLO RQO\  8QGHUJURXQG3LSLQJDQG7DQNV$03LVXVHGWR

FRQFUHWH PDQDJHORVVRIPDWHULDOLQVWDLQOHVVVWHHO

SLSLQJH[SRVHGWRVRLORUFRQFUHWH

 1LFNHODOOR\SLSLQJ /RVVRIPDWHULDOGXHWR $03;,0%XULHG 1R 1RWDSSOLFDEOH

 SLSLQJFRPSRQHQWV SLWWLQJFUHYLFH DQG8QGHUJURXQG3LSLQJ 7KHUHDUHQRQLFNHODOOR\FRPSRQHQWVLQWKH

WDQNVFORVXUHEROWLQJ FRUURVLRQ0,& VRLO DQG7DQNV 6WHDPDQG3RZHU&RQYHUVLRQ6\VWHPV

H[SRVHGWRVRLO RQO\  H[SRVHGWRVRLORUFRQFUHWH

FRQFUHWH

 6WHHOSLSLQJSLSLQJ /RVVRIPDWHULDOGXHWR $03;,0%XULHG 1R &RQVLVWHQWZLWK185(*ZLWK

 FRPSRQHQWVWDQNV JHQHUDOSLWWLQJFUHYLFH DQG8QGHUJURXQG3LSLQJ H[FHSWLRQ7KH%XULHGDQG8QGHUJURXQG

FORVXUHEROWLQJH[SRVHG FRUURVLRQ0,& VRLO DQG7DQNV 3LSLQJDQG7DQNV$03LVXVHGWRPDQDJH

WRVRLOFRQFUHWH RQO\  ORVVRIPDWHULDOIRUXQGHUJURXQGVWHHO

XQGHUJURXQG FRPSRQHQWV

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH6XPPDU\RIWKH$JLQJ0DQDJHPHQW(YDOXDWLRQVIRUWKH6WHDPDQG3RZHU&RQYHUVLRQ6\VWHPV

,WHP &RPSRQHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW )XUWKHU 'LVFXVVLRQ

1XPEHU 0HFKDQLVP 3URJUDPV (YDOXDWLRQ

5HFRPPHQGHG

 6WDLQOHVVVWHHOVWHHO &UDFNLQJGXHWR6&& $03;,0%XULHG 1R &RQVLVWHQWZLWK185(*ZLWKH[FHSWLRQ

 DOXPLQXPSLSLQJSLSLQJ VWHHOLQ DQG8QGHUJURXQG3LSLQJ 7KLVLWHPLVXVHGIRUFRPSRQHQWVLQWKH

FRPSRQHQWVWDQNV FDUERQDWHELFDUERQDWH DQG7DQNV $X[LOLDU\6\VWHPV7KH%XULHGDQG

H[SRVHGWRVRLO HQYLURQPHQWRQO\  8QGHUJURXQG3LSLQJDQG7DQNV$03LVXVHGWR

FRQFUHWH PDQDJHFUDFNLQJRIVWDLQOHVVVWHHOSLSLQJ

H[SRVHGWRFRQFUHWHRUVRLO

 6WDLQOHVVVWHHOFORVXUH &UDFNLQJGXHWR6&& $03;,0 1R &RQVLVWHQWZLWK185(*

 EROWLQJH[SRVHGWRDLU %ROWLQJ,QWHJULW\ 7KH%ROWLQJ,QWHJULW\$03LVXVHGWRPDQDJH

VRLOFRQFUHWH FUDFNLQJRIVWDLQOHVVVWHHOEROWLQJH[SRVHGWR

XQGHUJURXQGZDVWH DLU

ZDWHU

 6WDLQOHVVVWHHO &UDFNLQJGXHWR6&& $03;,0 <HV 6536/5 1RWDSSOLFDEOH

 XQGHUJURXQGSLSLQJ 2QH7LPH,QVSHFWLRQ 6HFWLRQ  7KHUHDUHQRVWDLQOHVVVWHHOXQGHUJURXQG

SLSLQJFRPSRQHQWV $03;,0%XULHG FRPSRQHQWVLQWKH6WHDPDQG3RZHU

WDQNV DQG8QGHUJURXQG3LSLQJ &RQYHUVLRQ6\VWHPV

DQG7DQNVRU

$03;,0,QWHUQDO

&RDWLQJV/LQLQJVIRU

,Q6FRSH3LSLQJ3LSLQJ

&RPSRQHQWV+HDW

([FKDQJHUVDQG7DQNV

 6WDLQOHVVVWHHOVWHHO 5HGXFWLRQRIKHDW $03;,0 1R &RQVLVWHQWZLWK185(*

 DOXPLQXPFRSSHUDOOR\ WUDQVIHUGXHWRIRXOLQJ ([WHUQDO6XUIDFHV 7KLVOLQHLWHPLVXVHGIRUKHDWH[FKDQJHUILQVLQ

WLWDQLXPKHDWH[FKDQJHU 0RQLWRULQJRI WKH$X[LOLDU\6\VWHPV7KH([WHUQDO6XUIDFH

WXEHVH[SRVHGWRDLU 0HFKDQLFDO 0RQLWRULQJRI0HFKDQLFDO&RPSRQHQWV$03LV

FRQGHQVDWLRQ &RPSRQHQWV XVHGWRPDQDJHORVVRIPDWHULDORIFRSSHUDOOR\

KHDWH[FKDQJHUILQVH[SRVHGWRLQGRRU

XQFRQWUROOHGDLU

 (ODVWRPHUSLSLQJSLSLQJ +DUGHQLQJRUORVVRI $03;,0 1R 1RWDSSOLFDEOH

 FRPSRQHQWVVHDOV VWUHQJWKGXHWR ([WHUQDO6XUIDFHV 7KHUHDUHQRHODVWRPHUFRPSRQHQWVLQWKH

H[SRVHGWRDLU HODVWRPHUGHJUDGDWLRQ 0RQLWRULQJRI 6WHDPDQG3RZHU&RQYHUVLRQ6\VWHPV

FRQGHQVDWLRQ 0HFKDQLFDO

&RPSRQHQWV

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHDVXSGDWHGE\6XSSOHPHQW$WWDFKPHQWLVXSGDWHGDVIROORZV

7DEOH$X[LOLDU\)HHGZDWHUDQG&RQGHQVDWH+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW3URJUDP 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ ,WHP ,WHP

0DQDJHPHQW

2ULILFH 8QLWRQO\  /HDNDJH 6WDLQOHVV 7UHDWHGZDWHU :DOOWKLQQLQJ+/- )ORZ$FFHOHUDWHG&RUURVLRQ 9,,,*6  $

ERXQGDU\ VWHHO LQW  HURVLRQ  %  

VSDWLDO 

2ULILFH 8QLWRQO\  /HDNDJH 6WDLQOHVV 7UHDWHGZDWHU &UDFNLQJ :DWHU&KHPLVWU\ %  9,,,(63  $

ERXQGDU\ VWHHO  !) LQW  2QH7LPH,QVSHFWLRQ %  

VSDWLDO 

3LSLQJ 3UHVVXUH &DUERQ $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV0RQLWRULQJRI 9,,,+6  $

ERXQGDU\ VWHHO XQFRQWUROOHG 0HFKDQLFDO&RPSRQHQWV 

H[W   % 

3LSLQJ 3UHVVXUH &DUERQ $LU+/-RXWGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV0RQLWRULQJRI 9,,,+6  $

ERXQGDU\ VWHHO H[W  0HFKDQLFDO&RPSRQHQWV 

% 

3LSLQJ 3UHVVXUH &DUERQ $LU+/-RXWGRRU /RVVRIPDWHULDO ,QVSHFWLRQRI,QWHUQDO6XUIDFHVLQ 9,,,*63  $

ERXQGDU\ VWHHO LQW  0LVFHOODQHRXV3LSLQJDQG 

'XFWLQJ&RPSRQHQWV % 

3LSLQJ 3UHVVXUH &DUERQ *DV LQW  1RQH 1RQH 9,,,,63  $

ERXQGDU\ VWHHO 

3LSLQJ 3UHVVXUH &DUERQ 7UHDWHGZDWHU /RVVRIPDWHULDO :DWHU&KHPLVWU\ %  9,,,(63  $

ERXQGDU\ VWHHO LQW  2QH7LPH,QVSHFWLRQ %  

3LSLQJ 3UHVVXUH &DUERQ 7UHDWHGZDWHU :DOOWKLQQLQJ+/- )ORZ$FFHOHUDWHG&RUURVLRQ 9,,,*6  $

ERXQGDU\ VWHHO LQW  HURVLRQ  %  

3LSLQJ 3UHVVXUH &DUERQ 7UHDWHGZDWHU :DOOWKLQQLQJ+/- )ORZ$FFHOHUDWHG&RUURVLRQ 9,,,*6  $

ERXQGDU\ VWHHO LQW  )$&  %  

3LSLQJ 3UHVVXUH 6WDLQOHVV $LU+/-LQGRRU &UDFNLQJ ([WHUQDO6XUIDFHV0RQLWRULQJRI 9,,,*63  $

ERXQGDU\ VWHHO XQFRQWUROOHG 0HFKDQLFDO&RPSRQHQWV E 

H[W   % 

3LSLQJ 3UHVVXUH 6WDLQOHVV $LU+/-LQGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV0RQLWRULQJRI 9,,,*63  $

ERXQGDU\ VWHHO XQFRQWUROOHG 0HFKDQLFDO&RPSRQHQWV E 

H[W   % 

3LSLQJ 3UHVVXUH 6WDLQOHVV $LU+/-RXWGRRU &UDFNLQJ ([WHUQDO6XUIDFHV0RQLWRULQJRI 9,,,*63  $

ERXQGDU\ VWHHO H[W  0HFKDQLFDO&RPSRQHQWV E 

% 

3LSLQJ 3UHVVXUH 6WDLQOHVV $LU+/-RXWGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV0RQLWRULQJRI 9,,,*63  $

ERXQGDU\ VWHHO H[W  0HFKDQLFDO&RPSRQHQWV E 

% 

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI





7DEOH$X[LOLDU\)HHGZDWHUDQG&RQGHQVDWH+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW3URJUDP 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH &DUERQ 8QGHUJURXQG /RVVRI %XULHGDQG 9,,,+63  $%

ERXQGDU\ VWHHO H[W  PDWHULDO 8QGHUJURXQG 

3LSLQJDQG

7DQNV % 





 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOHSDJHLVXSGDWHGDVIROORZV

7DEOH$X[LOLDU\)HHGZDWHUDQG&RQGHQVDWH+/-6XPPDU\RI$JLQJ0DQDJHPHQW(YDOXDWLRQ

&RPSRQHQW7\SH ,QWHQGHG 0DWHULDO (QYLURQPHQW $JLQJ(IIHFW $JLQJ0DQDJHPHQW3URJUDP 185(* 7DEOH 1RWHV

)XQFWLRQ 5HTXLULQJ ,WHP ,WHP

0DQDJHPHQW

3LSLQJ 3UHVVXUH 6WDLQOHVV &RQFUHWH H[W  &UDFNLQJ %XULHGDQG8QGHUJURXQG3LSLQJ 9,,,+6  $%

ERXQGDU\ VWHHO DQG7DQNV %  

3LSLQJ 3UHVVXUH 6WDLQOHVV &RQFUHWH H[W  /RVVRIPDWHULDO %XULHGDQG8QGHUJURXQG3LSLQJ 9,,,+63  $%

ERXQGDU\ VWHHO DQG7DQNV %  

3LSLQJ 3UHVVXUH 6WDLQOHVV 6RLO H[W  &UDFNLQJ %XULHGDQG8QGHUJURXQG3LSLQJ 9,,,+6  $%

ERXQGDU\ VWHHO DQG7DQNV %  

3LSLQJ 3UHVVXUH 6WDLQOHVV 6RLO H[W  /RVVRIPDWHULDO %XULHGDQG8QGHUJURXQG3LSLQJ 9,,,+63  $%

ERXQGDU\ VWHHO DQG7DQNV %  

3LSLQJ 3UHVVXUH 6WDLQOHVV 7UHDWHGZDWHU /RVVRIPDWHULDO :DWHU&KHPLVWU\ %  9,,,*63  $

ERXQGDU\ VWHHO LQW  2QH7LPH,QVSHFWLRQ %  

3LSLQJ 3UHVVXUH 6WDLQOHVV 7UHDWHGZDWHU :DOOWKLQQLQJ+/- )ORZ$FFHOHUDWHG&RUURVLRQ 9,,,*6  $

ERXQGDU\ VWHHO LQW  HURVLRQ  %  

3LSLQJ 3UHVVXUH 6WDLQOHVV 7UHDWHGZDWHU &UDFNLQJ :DWHU&KHPLVWU\ %  9,,,*63  $

ERXQGDU\ VWHHO  !) LQW  2QH7LPH,QVSHFWLRQ %  

3LSLQJ LQVXODWHG  3UHVVXUH 6WDLQOHVV $LU+/-RXWGRRU &UDFNLQJ ([WHUQDO6XUIDFHV0RQLWRULQJRI 9,,,+6F  $

ERXQGDU\ VWHHO H[W  0HFKDQLFDO&RPSRQHQWV 

% 

3LSLQJ LQVXODWHG  3UHVVXUH 6WDLQOHVV $LU+/-RXWGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV0RQLWRULQJRI 9,,,+6F  $

ERXQGDU\ VWHHO H[W  0HFKDQLFDO&RPSRQHQWV 

% 

3LSLQJ LQVXODWHG  /HDNDJH &DUERQ $LU+/-RXWGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV0RQLWRULQJRI 9,,,+6D  $

8QLWRQO\  ERXQGDU\ VWHHO H[W  0HFKDQLFDO&RPSRQHQWV 

VSDWLDO   % 

3LSLQJ 8QLWRQO\  /HDNDJH &DUERQ $LU+/-RXWGRRU /RVVRIPDWHULDO ([WHUQDO6XUIDFHV0RQLWRULQJRI 9,,,+6  $

ERXQGDU\ VWHHO H[W  0HFKDQLFDO&RPSRQHQWV 

VSDWLDO   % 

3LSLQJ 8QLWRQO\  /HDNDJH &DUERQ 7UHDWHGZDWHU /RVVRIPDWHULDO :DWHU&KHPLVWU\ %  9,,,*63  $

ERXQGDU\ VWHHO LQW  2QH7LPH,QVSHFWLRQ %  

VSDWLDO 

3LSLQJ 8QLWRQO\  /HDNDJH &DUERQ 7UHDWHGZDWHU :DOOWKLQQLQJ+/- )ORZ$FFHOHUDWHG&RUURVLRQ 9,,,*6  $

ERXQGDU\ VWHHO LQW  HURVLRQ  %  

VSDWLDO 

3LSLQJ 8QLWRQO\  /HDNDJH &DUERQ 7UHDWHGZDWHU :DOOWKLQQLQJ+/- )ORZ$FFHOHUDWHG&RUURVLRQ 9,,,*6  $

ERXQGDU\ VWHHO LQW  )$&  %  

VSDWLDO 



6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$6HFWLRQ%SDJH%DVXSGDWHGE\6XSSOHPHQW$WWDFKPHQWVDQGLVXSGDWHG

DVIROORZV

x 36/,QVSHFWLRQRI,QWHUQDO6XUIDFHVLQ0LVFHOODQHRXV3LSLQJDQG'XFWLQJ

&RPSRQHQWV$03 6HFWLRQ% 

x 36/%XULHGDQG8QGHUJURXQG3LSLQJDQG7DQNV$03 6HFWLRQ% 

x 36/,QWHUQDO&RDWLQJV/LQLQJVIRU,Q6FRSH3LSLQJ3LSLQJ&RPSRQHQWV+HDW

([FKDQJHUVDQG7DQNV$03 6HFWLRQ% 

x 36/(OHFWULFDO,QVXODWLRQIRU(OHFWULFDO&DEOHVDQG&RQQHFWLRQV1RW6XEMHFWWR

&)5(QYLURQPHQWDO4XDOLILFDWLRQ5HTXLUHPHQWVXVHGLQ

,QVWUXPHQWDWLRQ&LUFXLWV$03 6HFWLRQ% 

x 36/(OHFWULFDO,QVXODWLRQIRU,QDFFHVVLEOH0HGLXP9ROWDJH3RZHU&DEOHV1RW

6XEMHFWWR&)5(QYLURQPHQWDO4XDOLILFDWLRQ5HTXLUHPHQWV$03

6HFWLRQ% 

x 36/(OHFWULFDO,QVXODWLRQIRU,QDFFHVVLEOH,QVWUXPHQWDQG&RQWURO&DEOHV1RW

6XEMHFWWR&)5(QYLURQPHQWDO4XDOLILFDWLRQ5HTXLUHPHQWV$03

6HFWLRQ% 

x 36/(OHFWULFDO,QVXODWLRQIRU,QDFFHVVLEOH/RZ9ROWDJH3RZHU&DEOHV1RW

6XEMHFWWR&)5(QYLURQPHQWDO4XDOLILFDWLRQ5HTXLUHPHQWV$03

6HFWLRQ% 

x 36/0HWDO(QFORVHG%XV$03 6HFWLRQ% 

x 36/(OHFWULFDO&DEOH&RQQHFWLRQV1RW6XEMHFWWR&)5

(QYLURQPHQWDO4XDOLILFDWLRQ5HTXLUHPHQWV$03 6HFWLRQ% DQG

x 36/+LJK9ROWDJH,QVXODWRUV$03 6HFWLRQ% 

7KHVHQHZ$03VZLOOEHFRQVLVWHQWZLWKWKHHOHPHQWVRIWKHLUUHVSHFWLYH

185(*$03V

7KHIROORZLQJSURJUDPVHDFKKDYHH[FHSWLRQ V MXVWLILHGE\WHFKQLFDOGDWD

x 36/5HDFWRU+HDG&ORVXUH6WXG%ROWLQJ$03 6HFWLRQ% 

x 7KHUPDO$JLQJ(PEULWWOHPHQWRI&DVW$XVWHQLWLF6WDLQOHVV6WHHO

6HFWLRQ% 

x 36/6WHDP*HQHUDWRUV$03 6HFWLRQ% 

x 36/2XWGRRUDQG/DUJH$WPRVSKHULF0HWDOOLF6WRUDJH7DQN$03

6HFWLRQ% 

x 36/)XHO2LO&KHPLVWU\$03 6HFWLRQ% 

x 36/5HDFWRU9HVVHO0DWHULDO6XUYHLOODQFH$03 6HFWLRQ% 

x 36/%XULHGDQG8QGHUJURXQG3LSLQJDQG7DQNV$03 6HFWLRQ% 

x 36/$60(6HFWLRQ;,6XEVHFWLRQ,:)$03 6HFWLRQ% DQG

x 36/6WUXFWXUHV0RQLWRULQJ$03 6HFWLRQ% 

% 0HWKRGRI'LVFXVVLRQ

)RUWKRVH36/$03VWKDWDUHFRQVLVWHQWZLWKWKH$03GHVFULSWLRQVDQGDVVXPSWLRQV

PDGHLQ6HFWLRQV;DQG;,RI185(*RUDUHFRQVLVWHQWZLWKH[FHSWLRQVRU

HQKDQFHPHQWVHDFK$03GLVFXVVLRQLVSUHVHQWHGLQWKHIROORZLQJIRUPDW

x $3URJUDP'HVFULSWLRQDEVWUDFWRIWKHRYHUDOOSURJUDPIRUPDQGIXQFWLRQLV

SURYLGHG7KLV3URJUDP'HVFULSWLRQDOVRLQFOXGHVZKHWKHUWKHSURJUDPLV

H[LVWLQJ DQGLILWUHSODFHV/5SURJUDPV RUQHZIRU6/5 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$7DEOH%SDJH%LVXSGDWHGDVIROORZV

7DEOH%

36/$JLQJ0DQDJHPHQW3URJUDP&RQVLVWHQF\ZLWK185(*

36/$JLQJ 6HFWLRQ 36/ 185(*&RPSDULVRQ

0DQDJHPHQW 3ODQW6SHFLILF" 185(* (QKDQFHPHQWV" ([FHSWLRQV"

3URJUDP 6HFWLRQ

)LUH3URWHFWLRQ  % 1R  ;,0 <HV 1R

)LUH:DWHU6\VWHP  % 1R  ;,0 <HV 1R

2XWGRRUDQG/DUJH  % 1R  ;,0 <HV <HV

$WPRVSKHULF0HWDOOLF

6WRUDJH7DQNV

)XHO2LO&KHPLVWU\  % 1R  ;,0 <HV <HV

5HDFWRU9HVVHO  % 1R  ;,0 1R <HV

0DWHULDO6XUYHLOODQFH

2QH7LPH,QVSHFWLRQ  % 1R  ;,0 1HZ 1R

6HOHFWLYH/HDFKLQJ  % 1R  ;,0 1HZ 1R

$60(&RGH&ODVV  % 1R  ;,0 1R 1R

6PDOO%RUH3LSLQJ

([WHUQDO6XUIDFHV  % 1R  ;,0 <HV 1R

0RQLWRULQJRI

0HFKDQLFDO

&RPSRQHQWV

,QVSHFWLRQRI,QWHUQDO  % 1R  ;,0 1HZ 1R

6XUIDFHVLQ

0LVFHOODQHRXV3LSLQJ

DQG'XFWLQJ

&RPSRQHQWV

/XEULFDWLQJ2LO  % 1R  ;,0 <HV 1R

$QDO\VLV

0RQLWRULQJRI  % 1R  ;,0 <HV 1R

1HXWURQ$EVRUELQJ

0DWHULDOV2WKHU7KDQ

%RUDIOH[

%XULHGDQG  % 1R  ;,0 1HZ 1R

8QGHUJURXQG3LSLQJ <HV

DQG7DQNV

,QWHUQDO  % 1R  ;,0 1HZ 1R

&RDWLQJV/LQLQJVIRU

,Q6FRSH3LSLQJ

3LSLQJ&RPSRQHQWV

+HDW([FKDQJHUV

DQG7DQNV

$60(6HFWLRQ;,  % 1R  ;,6 <HV 1R

6XEVHFWLRQ,:(

$60(6HFWLRQ;,  % 1R  ;,6 <HV <HV

6XEVHFWLRQ,:)

&)53DUW  % 1R  ;,6 1R 1R

$SSHQGL[-

0DVRQU\:DOOV  % 1R  ;,6 <HV 1R

6WUXFWXUHV  % 1R  ;,6 <HV <HV

0RQLWRULQJ

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



6/5$$SSHQGL[%6HFWLRQ%SDJH%DVXSGDWHGE\6XSSOHPHQW$WWDFKPHQWV

DQGLVXSGDWHGDVIROORZV

VHOHFWHGIRUEXULHGVWHHOSLSLQJDIWHUWKHFDWKRGLFSURWHFWLRQV\VWHPKDVEHHQLQ

VHUYLFHIRUDSSUR[LPDWHO\\HDUVDQGDQQXDOHIIHFWLYHQHVVUHYLHZVDUHSHUIRUPHG

+RZHYHULIWKHVHFRQGLWLRQVZHUHWRFKDQJHWKH3UHYHQWLYH$FWLRQ&DWHJRU\ZRXOG

UHTXLUHUHHYDOXDWLRQDQGFRXOGSRWHQWLDOO\FKDQJH

7KHQXPEHURILQVSHFWLRQVIRUHDFK\HDULQVSHFWLRQSHULRGEHJLQQLQJ\HDUV

EHIRUHWKH63(2DUHEDVHGRQWKHLQVSHFWLRQTXDQWLWLHVQRWHGLQ185(*

7DEOH;,0DGMXVWHGIRUD8QLWSODQWVLWH

0DWHULDO 1RRI,QVSHFWLRQV 1RWHV

6WHHO EXULHG   SULRUWRWKH63(2 ,QFOXGHVDGGLWLRQDOLQVSHFWLRQVWR

&DWHJRU\)  PHHWWKHUHTXLUHPHQWVRI185(*

LQHDFK\HDUSHULRGLQWKH 6HFWLRQ;,0SDUDJUDSKHL

63(2 &DWHJRU\&  UHJDUGLQJWKHDJLQJHIIHFWVDVVRFLDWHG

ZLWKILUHPDLQV

6WHHO  

XQGHUJURXQG 

6WDLQOHVVVWHHO 3UHVVXUHWHVWLQJSHUQRWH 3HUIRUPSHULRGLFSUHVVXUHWHVWLQJ

XQGHUJURXQG  DQGEORZRXWWHVWLQJ SXUJLQJ ZLWK

DLURUQLWURJHQRIWKHDQQXODUYROXPH

EHWZHHQWKHXQGHUJURXQGVWDLQOHVV

VWHHOIXHORLOSLSLQJDQGLWVUHVSHFWLYH

JXDUGSLSLQJWRYHULI\QROHDNDJHRI

JXDUGSLSHDQGQROHDNDJHIURPWKH

IXHORLOSLSLQJ7KLVWHVWLQJZLOOEH

SHUIRUPHGIRUDWOHDVWSHUFHQWRI

WKHVWDLQOHVVVWHHOIXHORLOSLSLQJ

KRXVHGZLWKLQJXDUGSLSLQJDWDQ

LQWHUYDOQRWWRH[FHHG\HDUVZLWK

WKHILUVWRFFXUUHQFHSULRUWRWKH

63(27KHDQQXODUYROXPHEHWZHHQ

WKHIXHORLOSLSLQJDQGJXDUGSLSLQJ

ZLOOEHSUHVVXUL]HGWRSHUFHQWRI

WKHGHVLJQSUHVVXUHRIDQ\

FRPSRQHQWZLWKLQWKHERXQGDU\ QRW

WRH[FHHGWKHPD[LPXPDOORZDEOH

WHVWSUHVVXUHRIDQ\QRQLVRODWHG

FRPSRQHQWV ZLWKWHVWSUHVVXUH

EHLQJKHOGIRUDFRQWLQXRXVHLJKW

KRXULQWHUYDO

6WDLQOHVVVWHHO  

EXULHG 

 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI





,IDIWHUILYH\HDUVRIRSHUDWLRQWKHFDWKRGLFSURWHFWLRQV\VWHPGRHVQRWPHHWWKHHIIHFWLYHQHVV

DFFHSWDQFHFULWHULDGHILQHGE\185(*7DEOHV;,0DQG P9UHODWLYHWRD

&6(LQVWDQWRIIIRUDWOHDVWSHUFHQWRIWKHWLPHDQGLQRSHUDWLRQIRUDWOHDVWSHUFHQWRI

WKHWLPH )3/FRPPLWVWRSHUIRUPLQJWZRDGGLWLRQDOEXULHGVWHHOSLSLQJLQVSHFWLRQVEH\RQGWKH

QXPEHUUHTXLUHGE\3UHYHQWLYH$FWLRQ&DWHJRU\)UHVXOWLQJLQDWRWDORIWKLUWHHQ  LQVSHFWLRQV

EHLQJFRPSOHWHGVL[PRQWKVSULRUWRWKH63(27KHFDWKRGLFSURWHFWLRQFULWHULRQOLVWHG

DERYHZLOOFRQWLQXHWREHXVHGDIWHUILYH\HDUVWKURXJKWKHHQGRIWKH63(2

7KLV$03GRHVQRWSURYLGHDJLQJPDQDJHPHQWRIVHOHFWLYHOHDFKLQJ7KH36/

6HOHFWLYH/HDFKLQJRI0DWHULDOV 6HFWLRQ% $03LVDSSOLHGLQDGGLWLRQWRWKLV

SURJUDPIRUDSSOLFDEOHPDWHULDOVDQGHQYLURQPHQWV

7KH36/%XULHGDQG8QGHUJURXQG3LSLQJDQG7DQNV$03UHTXLUHVWKHFUHDWLRQRI

QHZJRYHUQLQJDQGLQVSHFWLRQSURFHGXUHVFRQVLVWHQWZLWK185(*

6HFWLRQ;,0DVZHOODVDQHZVDPSOLQJSODQDQGZRUNRUGHUVWRVXSSRUWWKHQHZ

LQVSHFWLRQV$QHZFDWKRGLFSURWHFWLRQV\VWHPZLOODOVREHLQVWDOOHGDQGDQ

HIIHFWLYHQHVVUHYLHZSHU7DEOH;,0RI185(*6HFWLRQ;,0ZLOOEH

SHUIRUPHGWKURXJKRXWHDFKRIWKH\HDULQVSHFWLRQSHULRGV,QLWLDOLQVSHFWLRQVEHJLQ

\HDUVEHIRUHWRWKH63(2DQGDUHFRPSOHWHGQRODWHUWKDQVL[PRQWKVSULRUWR

HQWHULQJWKH63(2RUQRODWHUWKDQWKHODVW5)2SULRUWRWKH63(2

185(*&RQVLVWHQF\

7KH36/%XULHGDQG8QGHUJURXQG3LSLQJDQG7DQNV$03ZLOOEHFRQVLVWHQWZLWKRXW

H[FHSWLRQWRWKHHOHPHQWVRI185(*6HFWLRQ;,0³%XULHGDQG

8QGHUJURXQG3LSLQJDQG7DQNV'

([FHSWLRQVWR185(*

1RQH$QH[FHSWLRQWRWKH185(*UHFRPPHQGDWLRQRIFRDWLQJEXULHG

VWDLQOHVVVWHHODVDSUHYHQWLYHDFWLRQZLOOEHWDNHQZLWKUHVSHFWWRWKH8QLW

VWDLQOHVVVWHHO$):SXPSUHFLUFXODWLRQSLSLQJDQGFRQGHQVDWHV\VWHP $):

SXPSVXFWLRQ SLSLQJEXULHGEHQHDWKWKH8QLWWXUELQHEXLOGLQJ7KLV

H[FHSWLRQLVMXVWLILHGGXHWRWKHORZQXPEHURIFKORULGHVZLWKLQWKHVRLOWKH

ORZOLNHOLKRRGRIVWDJQDQWPRLVWXUHGXHWRWKHFRQFUHWHIORRUVODEVKLHOGLQJ

JRRGVRLOEDFNILOOGUDLQDJHDQGQRKLVWRU\RIQHJDWLYH2(IRUEXULHGVWDLQOHVV

VWHHOSLSLQJDW6W/XFLH



 

6W/XFLH8QLWVDQG

'RFNHWVDQG

36/5HVSRQVHWR15&5$,1R%D

/$WWDFKPHQW3DJHRI



$VVRFLDWHG(QFORVXUHV

1RQH