TSFS 2010:166 · ursprunglig lydelse

Transportstyrelsens föreskrifter om transport till sjöss av fast gods i bulk (IMSBC-koden), TSFS 2010:166

Titel: Transportstyrelsens föreskrifter (TSFS 2010:166) om transport till sjöss av fast gods i bulk (IMSBC-koden), TSFS 2010:166
Utgivare: Transportstyrelsen
Beslutad: 2010-10-06
Ikraftträdande: 2011-01-01
Källa: www.transportstyrelsen.se

Bemyndigande

1 §¶

Vid transport av fast gods i bulk ska fartyg inom Sveriges sjöterritorium och svenska fartyg utanför sjöterritoriet uppfylla kraven i den internationella koden för fasta bulklaster (the International Maritime Solid Bulk Cargoes Code (IMSBC-koden)) som antogs av den internationella sjöfartsorganisationen (IMO) den 4 december 2008 genom resolution 1 MSC.268(85) . Den engelska, franska och spanska texten av koden skall ha samma 2 giltighet . Kodens engelska text finns i bilaga 1 till dessa föreskrifter. Dessa föreskrifter gäller inte för farliga ämnen som är avsedda för fartygets drift eller arbetet ombord.

2 §¶

Tekniska krav i dessa föreskrifter gäller inte för ett fartyg eller dess utrustning om fartyget eller utrustningen – lagligen har tillverkats eller har satts på marknaden i en annan medlemsstat inom EU eller i Turkiet, eller – lagligen har tillverkats i ett EFTA-land som har undertecknat EESavtalet. Om fartyg eller utrustning enligt första stycket inte uppnår en säkerhetsnivå som är likvärdig med den som garanteras genom dessa föreskrifter, ska de tekniska kraven i dessa föreskrifter gälla.

1 MSC.268(85), Adoption of the International Maritime Solid Bulk Cargoes (IMSBC) Code. 2 Texterna på franska och spanska finns tillgängliga hos IMO.

Allmänt

3 §¶

Ett exemplar av dessa föreskrifter med tillhörande supplement till IMDG-koden på engelska ska alltid finnas tillgänglig ombord på svenska fartyg som omfattas av dessa föreskrifter.

Medicinsk utrustning och information om nödåtgärder

4 §¶

Svenska fartyg ska ha läkemedel och medicinsk utrustning ombord enligt bilaga 2. Utländska fartyg vilka är byggda efter 1 september 1984 ska ha läkemedel och medicinsk utrustning ombord enligt bilaga 2 eller motsvarande som säkerställer en likvärdig säkerhetsnivå. Första stycket gäller inte om fartyget enbart för last med klassbeteckningen ”not applicable” enligt bilaga 1.

Personlig skyddsutrustning

5 §¶

Bestämmelser om personlig skyddsutrustning finns i Transportstyrelsens föreskrifter och allmänna råd (TSFS 2009:97) om brandskydd, branddetektering och brandsläckning på SOLAS-fartyg byggda före den 1 juli 2002, eller Transportstyrelsens föreskrifter och allmänna råd (TSFS 2009:98) om brandskydd, branddetektering och brandsläckning på SOLAS-fartyg byggda den 1 juli 2002 eller senare. Vid transport av fast gods i bulk ska svenska fartyg, oavsett byggnadsdatum, uppfylla de bestämmelser om personlig skyddsutrustning som framgår av föreskrifterna i stycket ovan. Om besättningsantalet ombord understiger fyra besättningsmedlemmar på svenska fartyg i nationell trafik får kravet på fyra ställ av heltäckande skyddskläder minskas till det faktiska besättningsantalet ombord. Andra stycket gäller inte om fartyget enbart för last med klassbeteckningen ”not applicable” enligt bilaga 1.

Ömsesidighetsklausul

6 §¶

Fartyg och utrustning på fartyg som är godkända enligt regelverk i andra medlemsstater inom Europeiska ekonomiska samarbetsområdet (EES) samt i Turkiet jämställs med fartyg och utrustning på fartyg som uppfyller kraven i dessa föreskrifter, under förutsättning att en likvärdig säkerhetsnivå därigenom uppnås.

Undantag

7 §¶

Transportstyrelsen kan, om det finns särskilda skäl, medge undantag från dessa föreskrifter vid sjötransport av fast gods i bulk, om det inte strider mot internationella överenskommelser eller gemenskapsrättslig lagstiftning.

TSFS 2010: 166

Ikraftträdande- och övergångsbestämmelser

1. Denna författning träder i kraft den 1 januari 2011. 2. Certifikat och intyg utfärdade av Transportstyrelsen eller Sjöfartsverket och som hänvisar till BC-koden ska anses hänvisa till IMSBC-koden. På Transportstyrelsens vägnar STAFFAN WIDLERT Caroline Petrini (Sjöfartsavdelningen)

Utgivare: Kristina Nilsson, Transportstyrelsen, Norrköping ISSN 2000-1975 3

Bilaga 1

06&$GG

$11(;

5(62/87,2106& DGRSWHGRQ'HFHPEHU

$'237,212)7+(,17(51$7,21$/0$5,7,0( 62/,'%8/.&$5*2(6,06%&&2'(

7+(0$5,7,0(6$)(7<&200,77((

5(&$//,1*$UWLFOHERIWKH&RQYHQWLRQRQWKH,QWHUQDWLRQDO0DULWLPH2UJDQL]DWLRQ FRQFHUQLQJWKHIXQFWLRQVRIWKH&RPPLWWHH

127,1*WKHDGRSWLRQE\WKH&RPPLWWHHRIUHVROXWLRQ06&RQWKH&RGHRI6DIH 3UDFWLFHIRU6ROLG%XON&DUJRHV

5(&2*1,=,1*WKHQHHGWRSURYLGHDPDQGDWRU\DSSOLFDWLRQRIWKHDJUHHGLQWHUQDWLRQDO VWDQGDUGVIRUWKHFDUULDJHRIVROLGEXONFDUJRHVE\VHD

127,1*$/62UHVROXWLRQ06&E\ZKLFKLWDGRSWHGDPHQGPHQWVWRFKDSWHUV9, DQG9,,RIWKH,QWHUQDWLRQDO&RQYHQWLRQIRUWKH6DIHW\RI/LIHDW6HD62/$6DVDPHQGHG KHUHLQDIWHU UHIHUUHG WR DV ³WKH &RQYHQWLRQ´ WR PDNH WKH SURYLVLRQV RI WKH ,QWHUQDWLRQDO 0DULWLPH6ROLG%XON&DUJRHV,06%&&RGHPDQGDWRU\XQGHUWKH&RQYHQWLRQ

+$9,1* &216,'(5(' DW LWV HLJKW\ILIWK VHVVLRQ WKH WH[W RI WKH SURSRVHG ,QWHUQDWLRQDO0DULWLPH6ROLG%XON&DUJRHV,06%&&RGH

$'2376 WKH ,QWHUQDWLRQDO 0DULWLPH 6ROLG %XON &DUJRHV ,06%& &RGH WKH WH[W RI ZKLFKLVVHWRXWLQWKHDQQH[WRWKHSUHVHQWUHVROXWLRQ

127(6 WKDW XQGHU WKH DIRUHPHQWLRQHG DPHQGPHQWV WR FKDSWHU 9, RI WKH &RQYHQWLRQ IXWXUHDPHQGPHQWVWRWKH,06%&&RGHVKDOOEHDGRSWHGEURXJKWLQWRIRUFHDQGVKDOOWDNHHIIHFW LQDFFRUGDQFHZLWKWKHSURYLVLRQVRIDUWLFOH9,,,RIWKH&RQYHQWLRQFRQFHUQLQJWKHDPHQGPHQWV SURFHGXUHVDSSOLFDEOHWRWKH$QQH[WRWKH&RQYHQWLRQRWKHUWKDQFKDSWHU,WKHUHRI

,19,7(6&RQWUDFWLQJ*RYHUQPHQWVWRWKH&RQYHQWLRQWRQRWHWKDWWKH,06%&&RGHZLOO WDNHHIIHFWRQ-DQXDU\XSRQHQWU\LQWRIRUFHRIDPHQGPHQWVWRFKDSWHUV9,DQG9,,RIWKH &RQYHQWLRQ

$*5((6WKDW&RQWUDFWLQJ*RYHUQPHQWVWRWKH&RQYHQWLRQPD\DSSO\WKH,06%&&RGH LQZKROHRULQSDUWRQDYROXQWDU\EDVLVDVIURP-DQXDU\

5(48(676WKH6HFUHWDU\*HQHUDOWRWUDQVPLWFHUWLILHGFRSLHVRIWKLVUHVROXWLRQDQGLWV DQQH[WRDOO&RQWUDFWLQJ*RYHUQPHQWVWRWKH&RQYHQWLRQ

)857+(5 5(48(676 WKH 6HFUHWDU\*HQHUDO WR WUDQVPLW FRSLHV RI WKLV UHVROXWLRQ DQG LWV DQQH[ WR DOO 0HPEHUV RI WKH 2UJDQL]DWLRQ ZKLFK DUH QRW &RQWUDFWLQJ *RYHUQPHQWV WR WKH &RQYHQWLRQ

5(62/9(6 WKDW WKH DQQH[HG ,06%& &RGH VXSHUVHGHV WKH &RGH RI 6DIH 3UDFWLFH IRU 6ROLG%XON&DUJRHVDGRSWHGE\UHVROXWLRQ06&

Bilaga 1

06&$GG $11(; 3DJH $11(;

,17(51$7,21$/0$5,7,0(62/,'%8/.&$5*2(6,06%&&2'(

7DEOHRI&RQWHQWV

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

$SSHQGL[ ,QGLYLGXDOVFKHGXOHVRIVROLGEXONFDUJRHV $SSHQGL[ /DERUDWRU\WHVWSURFHGXUHVDVVRFLDWHGDSSDUDWXVDQGVWDQGDUGV $SSHQGL[ 3URSHUWLHVRIVROLGEXONFDUJRHV $SSHQGL[ ,QGH[ 6

Bilaga 1

06&$GG $11(; 3DJH

)25(:25'

7KH ,QWHUQDWLRQDO &RQYHQWLRQ IRU WKH 6DIHW\ RI /LIH DW 6HD 62/$6 &RQYHQWLRQ DV DPHQGHG GHDOV ZLWK YDULRXV DVSHFWV RI PDULWLPH VDIHW\ DQG FRQWDLQV LQ SDUWV $ DQG % RI FKDSWHU9,DQGSDUW$RIFKDSWHU9,,WKHPDQGDWRU\SURYLVLRQVJRYHUQLQJWKHFDUULDJHRIVROLG EXON FDUJRHV DQG WKH FDUULDJH RI GDQJHURXV JRRGV LQ VROLG IRUP LQ EXON UHVSHFWLYHO\ 7KHVH SURYLVLRQV DUH DPSOLILHG LQ WKH ,QWHUQDWLRQDO 0DULWLPH 6ROLG %XON &DUJRHV &RGH ,06%&&RGH

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

)RU

FDUJRVKLSVRIJURVVWRQQDJHRURYHUFRQVWUXFWHGRQRUDIWHU6HSWHPEHU EXWEHIRUH-XO\RU

FDUJRVKLSVRIOHVVWKDQJURVVWRQQDJHFRQVWUXFWHGRQRUDIWHU)HEUXDU\ EXWEHIRUH-XO\

WKH UHTXLUHPHQWV RI UHJXODWLRQ ,, RI 62/$6 DV DPHQGHG E\ UHVROXWLRQV 06&;/9 06& 06& 06& 06& 06& 06& DQG06&DSSO\VHH62/$6UHJXODWLRQ,,

)RU FDUJR VKLSV RI OHVV WKDQ JURVV WRQQDJH FRQVWUXFWHG RQ RU DIWHU 6HSWHPEHU DQG EHIRUH)HEUXDU\LWLVUHFRPPHQGHGWKDW&RQWUDFWLQJ3DUWLHVH[WHQGVXFKDSSOLFDWLRQWR WKHVHFDUJRVKLSVDVIDUDVSRVVLEOH

7KH SUREOHPV LQYROYHG LQ WKH FDUULDJH RI EXON FDUJRHV ZHUH UHFRJQL]HG E\ WKH GHOHJDWHV WR WKH,QWHUQDWLRQDO&RQIHUHQFHRQ6DIHW\RI/LIHDW6HDEXWDWWKDWWLPHLWZDVQRWSRVVLEOHWR IUDPHGHWDLOHGUHTXLUHPHQWVH[FHSWIRUWKHFDUULDJHRIJUDLQ7KH&RQIHUHQFHGLGUHFRPPHQG KRZHYHULQSDUDJUDSKRI$QQH['WRWKH&RQYHQWLRQWKDWDQLQWHUQDWLRQDOO\DFFHSWDEOHFRGH RIVDIHSUDFWLFHIRUWKHVKLSPHQWRIEXONFDUJRHVVKRXOGEHGUDZQXSXQGHUWKHVSRQVRUVKLSRIWKH ,QWHUQDWLRQDO 0DULWLPH 2UJDQL]DWLRQ ,02 7KLV ZRUN ZDV XQGHUWDNHQ E\ WKH 2UJDQL]DWLRQ¶V 6XE&RPPLWWHHRQ&RQWDLQHUVDQG&DUJRHVDQGVHYHUDOHGLWLRQVRIWKH&RGHRI6DIH3UDFWLFHIRU 6ROLG %XON &DUJRHV %&&RGH KDYH EHHQ SXEOLVKHG VLQFH WKH ILUVW HGLWLRQ LQ 7KH 6XE&RPPLWWHH ZDV H[SDQGHG WR LQFOXGH GDQJHURXV JRRGV DQG LV QRZ FDOOHG WKH 6XE&RPPLWWHHRQ'DQJHURXV*RRGV6ROLG&DUJRHVDQG&RQWDLQHUV'6&6XE&RPPLWWHH

7KH SULPH KD]DUGV DVVRFLDWHG ZLWK WKH VKLSPHQW RI VROLG EXON FDUJRHV DUH WKRVH UHODWLQJ WR VWUXFWXUDO GDPDJH GXH WR LPSURSHU FDUJR GLVWULEXWLRQ ORVV RU UHGXFWLRQ RI VWDELOLW\ GXULQJ D YR\DJH DQG FKHPLFDO UHDFWLRQV RI FDUJRHV 7KHUHIRUH WKH SULPDU\ DLP RI WKLV &RGH LV WR IDFLOLWDWHWKHVDIHVWRZDJHDQGVKLSPHQWRIVROLGEXONFDUJRHVE\SURYLGLQJLQIRUPDWLRQRQWKH GDQJHUV DVVRFLDWHG ZLWK WKH VKLSPHQW RI FHUWDLQ W\SHV RI VROLG EXON FDUJRHV DQG LQVWUXFWLRQV

Bilaga 1

06&$GG $11(; 3DJH

RQ WKH SURFHGXUHV WR EH DGRSWHG ZKHQ WKH VKLSPHQW RI VROLG EXON FDUJRHV LV FRQWHPSODWHG 7KH UHTXLUHPHQWV IRU WKH WUDQVSRUWRI JUDLQ DUH FRYHUHG E\ WKH ,QWHUQDWLRQDO &RGH IRU WKH 6DIH &DUULDJHRI*UDLQLQ%XON,QWHUQDWLRQDO*UDLQ&RGH

7KH ,06%& &RGH WKDW ZDV DGRSWHG E\ UHVROXWLRQ 06& ZDV UHFRPPHQGHG WR *RYHUQPHQWVIRUDGRSWLRQRUIRUXVHDVWKHEDVLVIRUQDWLRQDOUHJXODWLRQVLQSXUVXDQFHRIWKHLU REOLJDWLRQV XQGHU UHJXODWLRQ RI WKH 62/$6 &RQYHQWLRQ DV DPHQGHG 7KH &RGH LV PDQGDWRU\ XQGHUWKHSURYLVLRQRIWKH62/$6&RQYHQWLRQIURP-DQXDU\+RZHYHUVRPHSDUWVRIWKH &RGH FRQWLQXH WR EH UHFRPPHQGDWRU\ RU LQIRUPDWLYH ,W QHHGV WR EH HPSKDVL]HG WKDW LQ WKH FRQWH[WRIWKHODQJXDJHRIWKH&RGHWKHZRUGV³VKDOO´³VKRXOG´DQG³PD\´ZKHQXVHGLQWKH &RGH PHDQ WKDW WKH UHOHYDQW SURYLVLRQV DUH ³PDQGDWRU\´ ³UHFRPPHQGDWRU\´ DQG ³RSWLRQDO´ UHVSHFWLYHO\2EVHUYDQFHRIWKH&RGHKDUPRQL]HVWKHSUDFWLFHVDQGSURFHGXUHVWREHIROORZHG DQGWKHDSSURSULDWHSUHFDXWLRQVWREHWDNHQLQWKHORDGLQJWULPPLQJFDUULDJHDQGGLVFKDUJHRI VROLGEXONFDUJRHVZKHQWUDQVSRUWHGE\VHDHQVXULQJFRPSOLDQFHZLWKWKHPDQGDWRU\SURYLVLRQV RIWKH62/$6&RQYHQWLRQ

7KH&RGHKDVXQGHUJRQHPDQ\FKDQJHVERWKLQOD\RXWDQGFRQWHQWLQRUGHUWRNHHSSDFHZLWK WKHH[SDQVLRQDQGSURJUHVVRILQGXVWU\7KH0DULWLPH6DIHW\&RPPLWWHH06&LVDXWKRUL]HGE\ WKH 2UJDQL]DWLRQ¶V $VVHPEO\ WR DGRSW DPHQGPHQWV WR WKH &RGH WKXV HQDEOLQJ WKH ,02 WR UHVSRQGSURPSWO\WRGHYHORSPHQWVLQWUDQVSRUW

7KH06&DWLWVHLJKW\ILIWKVHVVLRQDJUHHGWKDWLQRUGHUWRIDFLOLWDWHWKHVDIHWUDQVSRUWRIVROLG EXONFDUJRHVWKHSURYLVLRQVRIWKH&RGHPD\EHDSSOLHGDVIURP-DQXDU\RQDYROXQWDU\ EDVLVSHQGLQJWKHLURIILFLDOHQWU\LQWRIRUFHRQ-DQXDU\ZLWKRXWDQ\WUDQVLWLRQDOSHULRG 7KLVLVGHVFULEHGLQUHVROXWLRQ06&

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

*HQHUDOSURYLVLRQV

,QWURGXFWRU\QRWH

,W VKRXOG EH QRWHG WKDW RWKHU LQWHUQDWLRQDO DQG QDWLRQDO UHJXODWLRQV H[LVW DQG WKDW WKRVH UHJXODWLRQVPD\UHFRJQL]HDOORUSDUWRIWKHSURYLVLRQVRIWKLV&RGH,QDGGLWLRQSRUWDXWKRULWLHV DQGRWKHUERGLHVDQGRUJDQL]DWLRQVVKRXOGUHFRJQL]HWKH&RGHDQGPD\XVHLWDVDEDVLVIRUWKHLU VWRUDJHDQGKDQGOLQJE\HODZVZLWKLQORDGLQJDQGGLVFKDUJHDUHDV

&DUJRHVOLVWHGLQWKLV&RGH

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

:KHUH D VROLG EXON FDUJR LV VSHFLILFDOO\ OLVWHG LQ DSSHQGL[ WR WKLV &RGH LQGLYLGXDO VFKHGXOHVIRUVROLGEXONFDUJRHVLWVKDOOEHWUDQVSRUWHGLQDFFRUGDQFHZLWKWKHSURYLVLRQVLQLWV VFKHGXOHLQDGGLWLRQWRWKHSURYLVLRQVLQVHFWLRQVWRDQGRIWKLV&RGH7KHPDVWHU VKDOO FRQVLGHU WR FRQVXOW WKH DXWKRULWLHV DW WKH SRUWV RI ORDGLQJ DQG GLVFKDUJH DV QHFHVVDU\ FRQFHUQLQJWKHUHTXLUHPHQWVZKLFKPD\EHLQIRUFHDQGDSSOLFDEOHIRUWKHFDUULDJH

&DUJRHVQRWOLVWHGLQWKLV&RGH

,IDVROLGFDUJRZKLFKLVQRWOLVWHGLQDSSHQGL[WRWKLV&RGHLVSURSRVHGIRUFDUULDJHLQ EXONWKHVKLSSHUVKDOOSULRUWRORDGLQJSURYLGHWKHFRPSHWHQWDXWKRULW\RIWKHSRUWRIORDGLQJ ZLWK WKH FKDUDFWHULVWLFV DQG SURSHUWLHV RI WKH FDUJR LQ DFFRUGDQFH ZLWK VHFWLRQ RI WKLV &RGH %DVHG RQ WKH LQIRUPDWLRQ UHFHLYHG WKH FRPSHWHQW DXWKRULW\ ZLOO DVVHVV WKH DFFHSWDELOLW\ RI WKH FDUJRIRUVDIHVKLSPHQW

:KHQLWLVDVVHVVHGWKDWWKHVROLGEXONFDUJRSURSRVHGIRUFDUULDJHPD\SUHVHQWKD]DUGV DVWKRVHGHILQHGE\JURXS$RU%RIWKLV&RGHDVGHILQHGLQDGYLFHLVWREHVRXJKWIURPWKH FRPSHWHQW DXWKRULWLHV RI WKH SRUW RI XQORDGLQJ DQG RI WKH IODJ 6WDWH 7KH WKUHH FRPSHWHQW DXWKRULWLHVZLOOVHWWKHSUHOLPLQDU\VXLWDEOHFRQGLWLRQVIRUWKHFDUULDJHRIWKLVFDUJR

:KHQLWLVDVVHVVHGWKDWWKHVROLGEXONFDUJRSURSRVHGIRUFDUULDJHSUHVHQWVQRVSHFLILF KD]DUGV IRU WUDQVSRUWDWLRQ WKH FDUULDJH RI WKLV FDUJR VKDOO EH DXWKRUL]HG 7KH FRPSHWHQW DXWKRULWLHVRIWKHSRUWRIXQORDGLQJDQGRIWKHIODJ6WDWHVKDOOEHDGYLVHGRIWKDWDXWKRUL]DWLRQ

Bilaga 1

06&$GG $11(; 3DJH

7KH FRPSHWHQW DXWKRULW\ RI WKH SRUW RI ORDGLQJ VKDOO SURYLGH WR WKH PDVWHU D FHUWLILFDWH VWDWLQJWKHFKDUDFWHULVWLFVRIWKHFDUJRDQGWKHUHTXLUHGFRQGLWLRQVIRUFDUULDJHDQGKDQGOLQJRI WKLVVKLSPHQW7KHFRPSHWHQWDXWKRULW\RIWKHSRUWRIORDGLQJVKDOODOVRVXEPLWDQDSSOLFDWLRQWR WKH2UJDQL]DWLRQZLWKLQRQH\HDUIURPWKHLVVXHRIWKHFHUWLILFDWHWRLQFRUSRUDWHWKLVVROLGEXON FDUJR LQWR DSSHQGL[ RI WKLV &RGH 7KH IRUPDW RI WKLV DSSOLFDWLRQ VKDOO EH DV RXWOLQHG LQ VXEVHFWLRQ

)RUPDW IRU WKH SURSHUWLHV RI FDUJRHV QRW OLVWHG LQ WKLV &RGH DQG FRQGLWLRQV RI WKH FDUULDJH

7HQWDWLYHEXONFDUJRVKLSSLQJQDPHLQFDSLWDOOHWWHUV '(6&5,37,21'HVFULEHWKHFDUJR &+$5$&7(5,67,&6)LOOWKHIROORZLQJWDEOH

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

6,=( &/$66 *5283

+$=$5'&ODULI\WKHKD]DUGRIFDUULDJHRIWKHFDUJR 'HWHUPLQH WKH IROORZLQJ W\SHV RI UHTXLUHPHQWV ,I QR UHTXLUHPHQW LV QHFHVVDU\ ZULWH ³1RVSHFLDOUHTXLUHPHQWV´

672:$( 6(5(*$7,21

+2/'&/($1/,1(66

:($7+(535(&$87,216

/2$',1*

35(&$87,216

9(17,/$7,21

&$55,$*(

',6&+$5*(

&/($183

6SHFLI\WKHHPHUJHQF\SURFHGXUHVIRUWKHFDUJRLIQHFHVVDU\ 10

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

(0(5*(1&<352&('85(6

(0(5*(1&<$&7,21,17+((9(172)),5(

0(',&$/),567$,'

$SSOLFDWLRQDQGLPSOHPHQWDWLRQRIWKLV&RGH

7KHSURYLVLRQVFRQWDLQHGLQWKLV&RGHDSSO\WRDOOVKLSVWRZKLFKWKH62/$6&RQYHQWLRQ DVDPHQGHGDSSOLHVDQGWKDWDUHFDUU\LQJVROLGEXONFDUJRHVDVGHILQHGLQUHJXODWLRQRISDUW$ RIFKDSWHU9,RIWKH&RQYHQWLRQ

$OWKRXJK WKLV &RGH LV OHJDOO\ WUHDWHG DV D PDQGDWRU\ LQVWUXPHQW XQGHU WKH 62/$6 &RQYHQWLRQWKHIROORZLQJSURYLVLRQVRIWKLV&RGHUHPDLQUHFRPPHQGDWRU\RULQIRUPDWLYH

6HFWLRQ 6HFXULW\SURYLVLRQVH[FHSWVXEVHFWLRQ

6HFWLRQ 6WRZDJHIDFWRUFRQYHUVLRQWDEOHV

6HFWLRQ 5HIHUHQFHVWRUHODWHGLQIRUPDWLRQDQGUHFRPPHQGDWLRQV

$SSHQGLFHVRWKHUWKDQDSSHQGL[,QGLYLGXDOVFKHGXOHVRIVROLGEXONFDUJRHVDQG

7KH WH[WV LQ WKH VHFWLRQV IRU ³'(6&5,37,21´ ³&+$5$&7(5,67,&6´ ³+$=$5'´ DQG ³(0(5*(1&< 352&('85(6´ RI LQGLYLGXDO VFKHGXOHV RI VROLG EXON FDUJRHV LQDSSHQGL[

,Q FHUWDLQ SDUWV RI WKLV &RGH D SDUWLFXODU DFWLRQ LV SUHVFULEHG EXW WKH UHVSRQVLELOLW\ IRU FDUU\LQJ RXW WKH DFWLRQ KDV QRW EHHQ VSHFLILFDOO\ DVVLJQHG WR DQ\ SDUWLFXODU SHUVRQ 6XFK UHVSRQVLELOLW\ PD\ YDU\ DFFRUGLQJ WR WKH ODZV DQG FXVWRPV RI GLIIHUHQW FRXQWULHV DQG WKH LQWHUQDWLRQDOFRQYHQWLRQVLQWRZKLFKWKHVHFRXQWULHVKDYHHQWHUHG)RUWKHSXUSRVHRIWKLV&RGH LWLVQRWQHFHVVDU\WRPDNHWKLVDVVLJQPHQWEXWRQO\WRLGHQWLI\WKHDFWLRQLWVHOI,WUHPDLQVWKH SUHURJDWLYHRIHDFK*RYHUQPHQWWRDVVLJQWKLVUHVSRQVLELOLW\

([HPSWLRQVDQGHTXLYDOHQWPHDVXUHV

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

Bilaga 1

06&$GG $11(; 3DJH

&RPSHWHQWDXWKRULW\RUFRPSHWHQWDXWKRULWLHVZKLFKKDYHWDNHQWKHLQLWLDWLYHZLWKUHVSHFW WRWKHH[HPSWLRQ

VKDOOVHQGDFRS\RIVXFKH[HPSWLRQWRWKH2UJDQL]DWLRQZKLFKVKDOOEULQJLWWR WKHDWWHQWLRQRIWKH&RQWUDFWLQJ3DUWLHVWR62/$6DQG

VKDOO WDNH DFWLRQ WR DPHQG WKLV &RGH WR LQFOXGH WKH SURYLVLRQV FRYHUHG E\ WKH H[HPSWLRQDVDSSURSULDWH

7KHSHULRGRIYDOLGLW\RIWKHH[HPSWLRQVKDOOEHQRWPRUHWKDQILYH\HDUVIURPWKHGDWHRI DXWKRUL]DWLRQ $Q H[HPSWLRQ WKDW LV QRW FRYHUHG XQGHU PD\ EH UHQHZHG LQ DFFRUGDQFH ZLWKWKHSURYLVLRQVRIWKLVVHFWLRQ

$FRS\RIWKHH[HPSWLRQRUDQHOHFWURQLFFRS\WKHUHRIVKDOOEHPDLQWDLQHGRQERDUGHDFK VKLSWUDQVSRUWLQJVROLGEXONFDUJRHVLQDFFRUGDQFHZLWKWKHH[HPSWLRQDVDSSURSULDWH

&RQWDFWLQIRUPDWLRQIRUWKHPDLQGHVLJQDWHGQDWLRQDOFRPSHWHQWDXWKRULWLHVFRQFHUQHGLV JLYHQLQWKHVHSDUDWHGRFXPHQWLVVXHGE\WKH2UJDQL]DWLRQ

&RQYHQWLRQV

3DUWV$DQG%RIFKDSWHU9,DQGSDUW$RIFKDSWHU9,,RIWKH62/$6&RQYHQWLRQDVDPHQGHG GHDOZLWKWKHFDUULDJHRIVROLGEXONFDUJRHVDQGWKHFDUULDJHRIGDQJHURXVJRRGVLQVROLGIRUPLQ EXONUHVSHFWLYHO\DQGDUHUHSURGXFHGLQIXOO

&+$37(59,

&$55,$(2)&$52(6

3DUW$

*HQHUDOSURYLVLRQV

5HJXODWLRQ

$SSOLFDWLRQ

7KLV FKDSWHU DSSOLHV WR WKH FDUULDJH RI FDUJRHV H[FHSW OLTXLGV LQ EXON JDVHV LQ EXON DQG WKRVH DVSHFWV RI FDUULDJH FRYHUHG E\ RWKHU FKDSWHUV ZKLFK RZLQJ WR WKHLU SDUWLFXODU KD]DUGV WR VKLSV RU SHUVRQV RQ ERDUG PD\ UHTXLUH VSHFLDO SUHFDXWLRQV LQ DOO VKLSV WR ZKLFK WKH SUHVHQW UHJXODWLRQV DSSO\ DQG LQ FDUJR VKLSV RI OHVV WKDQ JURVV WRQQDJH+RZHYHUIRUFDUJRVKLSVRIOHVVWKDQJURVVWRQQDJHWKH$GPLQLVWUDWLRQLI LWFRQVLGHUVWKDWWKHVKHOWHUHGQDWXUHDQGFRQGLWLRQVRIYR\DJHDUHVXFKDVWRUHQGHUWKH DSSOLFDWLRQ RI DQ\ VSHFLILF UHTXLUHPHQWV RI SDUW $ RU % RI WKLV FKDSWHU XQUHDVRQDEOH RU XQQHFHVVDU\ PD\ WDNH RWKHU HIIHFWLYH PHDVXUHV WR HQVXUH WKH UHTXLUHG VDIHW\ IRU WKHVH VKLSV

Bilaga 1

5HJXODWLRQ

'HILQLWLRQV

)RUWKHSXUSRVHRIWKLVFKDSWHUXQOHVVH[SUHVVO\SURYLGHGRWKHUZLVH

,06%&&RGH PHDQV WKH ,QWHUQDWLRQDO 0DULWLPH 6ROLG %XON &DUJRHV ,06%& &RGH DGRSWHG E\ WKH 0DULWLPH 6DIHW\ &RPPLWWHH RI WKH 2UJDQL]DWLRQ E\ UHVROXWLRQ 06&DVPD\EHDPHQGHGE\WKH2UJDQL]DWLRQSURYLGHGWKDWVXFKDPHQGPHQWV DUH DGRSWHG EURXJKW LQWR IRUFH DQG WDNH HIIHFW LQ DFFRUGDQFH ZLWK WKH SURYLVLRQV RI DUWLFOH9,,,RIWKHSUHVHQW&RQYHQWLRQFRQFHUQLQJWKHDPHQGPHQWSURFHGXUHVDSSOLFDEOH WRWKHDQQH[RWKHUWKDQFKDSWHU,

6ROLG EXON FDUJR PHDQV DQ\ FDUJR RWKHU WKDQ OLTXLG RU JDV FRQVLVWLQJ RI DFRPELQDWLRQRISDUWLFOHVJUDQXOHVRUDQ\ODUJHUSLHFHVRIPDWHULDOJHQHUDOO\XQLIRUPLQ FRPSRVLWLRQ ZKLFK LV ORDGHG GLUHFWO\ LQWR WKH FDUJR VSDFHV RI D VKLS ZLWKRXW DQ\ LQWHUPHGLDWHIRUPRIFRQWDLQPHQW

5HJXODWLRQ

5HTXLUHPHQWVIRUWKHFDUULDJHRIVROLGEXONFDUJRHVRWKHUWKDQJUDLQ

7KHFDUULDJHRIVROLGEXONFDUJRHVRWKHUWKDQJUDLQVKDOOEHLQFRPSOLDQFHZLWKWKH UHOHYDQWSURYLVLRQVRIWKH,06%&&RGH

7RVXSSOHPHQWWKHSURYLVLRQVRISDUWV$DQG%RIWKLVFKDSWHUHDFK&RQWUDFWLQJ *RYHUQPHQW VKDOO HQVXUH WKDW DSSURSULDWH LQIRUPDWLRQ RQ FDUJR DQG LWV VWRZDJH DQG VHFXULQJLVSURYLGHGVSHFLI\LQJLQSDUWLFXODUSUHFDXWLRQVQHFHVVDU\IRUWKHVDIHFDUULDJH RIVXFKFDUJRHV

5HJXODWLRQ

&DUJRLQIRUPDWLRQ

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

Bilaga 1

06&$GG $11(; 3DJH

7KHFDUJRLQIRUPDWLRQVKDOOLQFOXGH

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

LQWKHFDVHRIVROLGEXONFDUJRLQIRUPDWLRQDVUHTXLUHGE\VHFWLRQRIWKH ,06%&&RGH

3ULRUWRORDGLQJFDUJRXQLWVRQERDUGVKLSVWKHVKLSSHUVKDOOHQVXUHWKDWWKHJURVV PDVV RI VXFK XQLWV LV LQ DFFRUGDQFH ZLWK WKH JURVV PDVV GHFODUHG RQ WKH VKLSSLQJ GRFXPHQWV

5HJXODWLRQ

2[\JHQDQDO\VLVDQGJDVGHWHFWLRQHTXLSPHQW

:KHQWUDQVSRUWLQJDVROLGEXONFDUJRZKLFKLVOLDEOHWRHPLWDWR[LFRUIODPPDEOH JDV RU FDXVH R[\JHQ GHSOHWLRQ LQ WKH FDUJR VSDFH DQ DSSURSULDWH LQVWUXPHQW IRU PHDVXULQJWKHFRQFHQWUDWLRQRIJDVRUR[\JHQLQWKHDLUVKDOOEHSURYLGHGWRJHWKHUZLWK GHWDLOHG LQVWUXFWLRQV IRU LWV XVH 6XFK DQ LQVWUXPHQW VKDOO EH WR WKH VDWLVIDFWLRQ RI WKH $GPLQLVWUDWLRQ

7KH$GPLQLVWUDWLRQVKDOOWDNHVWHSVWRHQVXUHWKDWFUHZVRIVKLSVDUHWUDLQHGLQWKH XVHRIVXFKLQVWUXPHQWV

5HJXODWLRQ

7KHXVHRISHVWLFLGHVLQVKLSV

$SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQLQWKHXVHRISHVWLFLGHVLQVKLSVLQSDUWLFXODUIRU WKHSXUSRVHVRIIXPLJDWLRQ

5HIHUWR 7KH5HFRPPHQGDWLRQVRQWKHVDIHXVHRISHVWLFLGHVLQVKLSV06&&LUFDVDPHQGHG 7KH5HFRPPHQGDWLRQVRQWKHVDIHXVHRISHVWLFLGHVLQVKLSVDSSOLFDEOHWRWKHIXPLJDWLRQRIFDUJRKROGV 06&&LUFDQG 7KH 5HFRPPHQGDWLRQV RQ WKH VDIH XVH RI SHVWLFLGHV LQ VKLSV DSSOLFDEOH WR WKH IXPLJDWLRQ RI FDUJR WUDQVSRUWXQLWV06&&LUFDVDSSURSULDWH

Bilaga 1

06&$GG $11(; 3DJH

5HJXODWLRQ

6WRZDJHDQGVHFXULQJ

&DUJRFDUJRXQLWV DQGFDUJRWUDQVSRUWXQLWV FDUULHGRQRUXQGHUGHFNVKDOOEHVR ORDGHGVWRZHGDQGVHFXUHGDVWRSUHYHQWDVIDUDVLVSUDFWLFDEOHWKURXJKRXWWKHYR\DJH GDPDJHRUKD]DUGWRWKHVKLSDQGWKHSHUVRQVRQERDUGDQGORVVRIFDUJRRYHUERDUG

&DUJRFDUJRXQLWVDQGFDUJRWUDQVSRUWXQLWVVKDOOEHVRSDFNHGDQGVHFXUHGZLWKLQ WKH XQLW DV WR SUHYHQW WKURXJKRXW WKH YR\DJH GDPDJH RU KD]DUG WR WKH VKLS DQG WKH SHUVRQVRQERDUG

$SSURSULDWH SUHFDXWLRQV VKDOO EH WDNHQ GXULQJ ORDGLQJ DQG WUDQVSRUW RI KHDY\ FDUJRHV RU FDUJRHV ZLWK DEQRUPDO SK\VLFDO GLPHQVLRQV WR HQVXUH WKDW QR VWUXFWXUDO GDPDJHWRWKHVKLSRFFXUVDQGWRPDLQWDLQDGHTXDWHVWDELOLW\WKURXJKRXWWKHYR\DJH

$SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQGXULQJORDGLQJDQGWUDQVSRUWRIFDUJRXQLWV DQG FDUJR WUDQVSRUW XQLWV RQ ERDUG URUR VKLSV HVSHFLDOO\ ZLWK UHJDUG WR WKH VHFXULQJ DUUDQJHPHQWV RQ ERDUG VXFK VKLSV DQG RQ WKH FDUJR XQLWV DQG FDUJR WUDQVSRUW XQLWV DQG ZLWKUHJDUGWRWKHVWUHQJWKRIWKHVHFXULQJSRLQWVDQGODVKLQJV

)UHLJKW FRQWDLQHUV VKDOO QRW EH ORDGHG WR PRUH WKDQ WKH PD[LPXP JURVV ZHLJKW LQGLFDWHG RQ WKH 6DIHW\ $SSURYDO 3ODWH XQGHU WKH ,QWHUQDWLRQDO &RQYHQWLRQ IRU 6DIH &RQWDLQHUV&6&DVDPHQGHG

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

5HIHU WR WKH &RGH RI 6DIH 3UDFWLFH IRU &DUJR 6WRZDJH DQG 6HFXULQJ DGRSWHG E\ WKH 2UJDQL]DWLRQ E\ UHVROXWLRQ$ DVDPHQGHG 5HIHU WR WKH ,QWHUQDWLRQDO 0DULWLPH 'DQJHURXV *RRGV ,0'* &RGH DGRSWHG E\ WKH 2UJDQL]DWLRQ E\ UHVROXWLRQ06&

5HIHUWRWKH*XLGHOLQHVRQWKHSUHSDUDWLRQRIWKH&DUJR6HFXULQJ0DQXDO06&&LUF

Bilaga 1

06&$GG $11(; 3DJH

3DUW%

6SHFLDOSURYLVLRQVIRUVROLGEXONFDUJRHV

5HJXODWLRQ

$FFHSWDELOLW\IRUVKLSPHQW

3ULRU WR ORDGLQJ D VROLG EXON FDUJR WKH PDVWHU VKDOO EH LQ SRVVHVVLRQ RI FRPSUHKHQVLYHLQIRUPDWLRQRQWKHVKLS¶VVWDELOLW\DQGRQWKHGLVWULEXWLRQRIFDUJRIRUWKH VWDQGDUGORDGLQJFRQGLWLRQV7KHPHWKRGRISURYLGLQJVXFKLQIRUPDWLRQVKDOOEHWRWKH VDWLVIDFWLRQRIWKH$GPLQLVWUDWLRQ

5HJXODWLRQ

/RDGLQJXQORDGLQJDQGVWRZDJHRIVROLGEXONFDUJRHV

)RU WKH SXUSRVH RI WKLV UHJXODWLRQ WHUPLQDO UHSUHVHQWDWLYH PHDQV D SHUVRQ DSSRLQWHGE\WKHWHUPLQDORURWKHUIDFLOLW\ZKHUHWKHVKLSLVORDGLQJRUXQORDGLQJZKR KDVUHVSRQVLELOLW\IRURSHUDWLRQVFRQGXFWHGE\WKDWWHUPLQDORUIDFLOLW\ZLWKUHJDUGWRWKH SDUWLFXODUVKLS

7RHQDEOHWKHPDVWHUWRSUHYHQWH[FHVVLYHVWUHVVHVLQWKHVKLS¶VVWUXFWXUHWKHVKLS VKDOO EH SURYLGHG ZLWK D ERRNOHW ZKLFK VKDOO EH ZULWWHQ LQ D ODQJXDJH ZLWK ZKLFK WKH VKLS¶V RIILFHUV UHVSRQVLEOH IRU FDUJR RSHUDWLRQV DUH IDPLOLDU ,I WKLV ODQJXDJH LV QRW (QJOLVKWKHVKLSVKDOOEHSURYLGHGZLWKDERRNOHWZULWWHQDOVRLQWKH(QJOLVKODQJXDJH 7KHERRNOHWVKDOODVDPLQLPXPLQFOXGH

VWDELOLW\GDWDDVUHTXLUHGE\UHJXODWLRQ,,

EDOODVWLQJDQGGHEDOODVWLQJUDWHVDQGFDSDFLWLHV

PD[LPXPDOORZDEOHORDGSHUXQLWVXUIDFHDUHDRIWKHWDQNWRSSODWLQJ

PD[LPXPDOORZDEOHORDGSHUKROG

JHQHUDO ORDGLQJ DQG XQORDGLQJ LQVWUXFWLRQV ZLWK UHJDUG WR WKH VWUHQJWK RI WKHVKLS¶VVWUXFWXUHLQFOXGLQJDQ\OLPLWDWLRQVRQWKHPRVWDGYHUVHRSHUDWLQJ FRQGLWLRQV GXULQJ ORDGLQJ XQORDGLQJ EDOODVWLQJ RSHUDWLRQV DQG WKH YR\DJH

5HIHUWR 62/$6UHJXODWLRQ,,RQ6WDELOLW\LQIRUPDWLRQWREHVXSSOLHGWRWKHPDVWHUDQG WKH 5HFRPPHQGDWLRQ RQ D VHYHUH ZLQG DQG UROOLQJ FULWHULRQ ZHDWKHU FULWHULRQ IRU WKH LQWDFW VWDELOLW\ RISDVVHQJHU DQG FDUJR VKLSV RI PHWUHV LQ OHQJWK DQG RYHU DGRSWHG E\ WKH 2UJDQL]DWLRQ E\ UHVROXWLRQ$ 5HIHUWRWKH&RGHRI3UDFWLFHIRUWKH6DIH/RDGLQJDQG8QORDGLQJRI%XON&DUULHUV%/8&RGHDGRSWHGE\WKH 2UJDQL]DWLRQE\UHVROXWLRQ$

Bilaga 1

06&$GG $11(; 3DJH

DQ\VSHFLDOUHVWULFWLRQVVXFKDVOLPLWDWLRQVRQWKHPRVWDGYHUVHRSHUDWLQJ FRQGLWLRQVLPSRVHGE\WKH$GPLQLVWUDWLRQRURUJDQL]DWLRQUHFRJQL]HGE\LW LIDSSOLFDEOHDQG

ZKHUHVWUHQJWKFDOFXODWLRQVDUHUHTXLUHGPD[LPXPSHUPLVVLEOHIRUFHVDQG PRPHQWVRQWKHVKLS¶VKXOOGXULQJORDGLQJXQORDGLQJDQGWKHYR\DJH

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

7KH PDVWHU DQG WHUPLQDO UHSUHVHQWDWLYH VKDOO HQVXUH WKDW ORDGLQJ DQG XQORDGLQJ RSHUDWLRQVDUHFRQGXFWHGLQDFFRUGDQFHZLWKWKHDJUHHGSODQ

,I GXULQJ ORDGLQJ RU XQORDGLQJ DQ\ RI WKH OLPLWV RI WKH VKLS UHIHUUHG WR LQ SDUDJUDSKDUHH[FHHGHGRUDUHOLNHO\WREHFRPHVRLIWKHORDGLQJRUXQORDGLQJFRQWLQXHV WKHPDVWHUKDVWKHULJKWWRVXVSHQGRSHUDWLRQDQGWKHREOLJDWLRQWRQRWLI\DFFRUGLQJO\WKH DSSURSULDWHDXWKRULW\RIWKHSRUW6WDWHZLWKZKLFKWKHSODQKDVEHHQORGJHG7KHPDVWHU DQG WKH WHUPLQDO UHSUHVHQWDWLYH VKDOO HQVXUH WKDW FRUUHFWLYH DFWLRQ LV WDNHQ :KHQ XQORDGLQJ FDUJR WKH PDVWHU DQG WHUPLQDO UHSUHVHQWDWLYH VKDOO HQVXUH WKDW WKH XQORDGLQJ PHWKRGGRHVQRWGDPDJHWKHVKLS¶VVWUXFWXUH

7KH PDVWHU VKDOO HQVXUH WKDW VKLS¶V SHUVRQQHO FRQWLQXRXVO\ PRQLWRU FDUJR RSHUDWLRQV:KHUHSRVVLEOHWKHVKLS¶VGUDXJKWVKDOOEHFKHFNHGUHJXODUO\GXULQJORDGLQJ RU XQORDGLQJ WR FRQILUP WKH WRQQDJH ILJXUHV VXSSOLHG (DFK GUDXJKW DQG WRQQDJH REVHUYDWLRQ VKDOO EH UHFRUGHG LQ D FDUJR ORJERRN ,I VLJQLILFDQW GHYLDWLRQV IURP WKH DJUHHGSODQDUHGHWHFWHGFDUJRRUEDOODVWRSHUDWLRQVRUERWKVKDOOEHDGMXVWHGWRHQVXUH WKDWWKHGHYLDWLRQVDUHFRUUHFWHG

Bilaga 1

06&$GG $11(; 3DJH

&+$37(59,,

&DUULDJHRIGDQJHURXVJRRGV

,QWKHHYHQWRIWKHVKLSUHIHUUHGWRLQSDUDJUDSKEHLQJDEDQGRQHGRULQWKHHYHQW RIDUHSRUWIURPVXFKDVKLSEHLQJLQFRPSOHWHRUXQREWDLQDEOHWKHFRPSDQ\DVGHILQHGLQ UHJXODWLRQ,;VKDOOWRWKHIXOOHVWH[WHQWSRVVLEOHDVVXPHWKHREOLJDWLRQVSODFHGXSRQ WKHPDVWHUE\WKLVUHJXODWLRQ

5HJXODWLRQ

5HTXLUHPHQWVIRUWKHFDUULDJHRIGDQJHURXVJRRGVLQVROLGIRUPLQEXON

7KH FDUULDJH RI GDQJHURXV JRRGV LQ VROLG IRUP LQ EXON VKDOO EH LQ FRPSOLDQFH ZLWK WKH UHOHYDQWSURYLVLRQVRIWKH,06%&&RGHDVGHILQHGLQUHJXODWLRQ9,

'HILQLWLRQV

)RU WKH SXUSRVH RI WKLV &RGH XQOHVV H[SUHVVO\ SURYLGHG RWKHUZLVH WKH IROORZLQJ GHILQLWLRQV VKDOODSSO\

5HIHUWRWKH*HQHUDOSULQFLSOHVIRUVKLSUHSRUWLQJV\VWHPVDQGVKLSUHSRUWLQJUHTXLUHPHQWVLQFOXGLQJ*XLGHOLQHV IRUUHSRUWLQJLQFLGHQWVLQYROYLQJGDQJHURXVJRRGVKDUPIXOVXEVWDQFHVDQGRUPDULQHSROOXWDQWVDGRSWHGE\WKH 2UJDQL]DWLRQE\UHVROXWLRQ$

Bilaga 1

06&$GG $11(; 3DJH

$QJOH RI UHSRVH PHDQV WKH PD[LPXP VORSH DQJOH RI QRQFRKHVLYH LH IUHHIORZLQJ JUDQXODUPDWHULDO,WLVPHDVXUHGDVWKHDQJOHEHWZHHQDKRUL]RQWDOSODQHDQGWKHFRQHVORSHRI VXFKPDWHULDO

$1*/(62)5(326(

$QJOHRI5HSRVH

%XON &DUJR 6KLSSLQJ 1DPH %&61 LGHQWLILHV D EXON FDUJR GXULQJ WUDQVSRUW E\ VHD :KHQDFDUJRLVOLVWHGLQWKLV&RGHWKH%XON&DUJR6KLSSLQJ1DPHRIWKHFDUJRLVLGHQWLILHGE\ FDSLWDOOHWWHUVLQWKHLQGLYLGXDOVFKHGXOHVRULQWKHLQGH[:KHQWKHFDUJRLVDGDQJHURXVJRRGDV GHILQHG LQ WKH,0'* &RGH DV GHILQHG LQ UHJXODWLRQ 9,, RI WKH 62/$6 &RQYHQWLRQ WKH 3URSHU6KLSSLQJ1DPHRIWKDWFDUJRLVWKH%XON&DUJR6KLSSLQJ1DPH

%XONGHQVLW\PHDQVWKHZHLJKWRIVROLGVDLUDQGZDWHUSHUXQLWYROXPH%XONGHQVLW\LV H[SUHVVHGLQNLORJUDPVSHUFXELFPHWUHNJP LQJHQHUDO7KHYRLGVSDFHVLQWKHFDUJRPD\EH ILOOHGZLWKDLUDQGZDWHU

&DUJRVSDFHPHDQVDQ\VSDFHLQDVKLSGHVLJQDWHGIRUFDUULDJHRIFDUJRHV

&DUJRHV ZKLFK PD\ OLTXHI\ PHDQV FDUJRHV ZKLFK FRQWDLQ D FHUWDLQ SURSRUWLRQ RI ILQH SDUWLFOHVDQGDFHUWDLQDPRXQWRIPRLVWXUH7KH\PD\OLTXHI\LIVKLSSHGZLWKDPRLVWXUHFRQWHQW LQH[FHVVRIWKHLUWUDQVSRUWDEOHPRLVWXUHOLPLW

&RKHVLYHPDWHULDOPHDQVPDWHULDOVRWKHUWKDQQRQFRKHVLYHPDWHULDOV

&RPSHWHQW $XWKRULW\ PHDQV DQ\ QDWLRQDO UHJXODWRU\ ERG\ RU DXWKRULW\ GHVLJQDWHG RU RWKHUZLVHUHFRJQL]HGDVVXFKIRUDQ\SXUSRVHLQFRQQHFWLRQZLWKWKLV&RGH

&RQFHQWUDWHVPHDQVPDWHULDOVREWDLQHGIURPDQDWXUDORUHE\DSURFHVVRIHQULFKPHQWRU EHQHILFLDWLRQE\SK\VLFDORUFKHPLFDOVHSDUDWLRQDQGUHPRYDORIXQZDQWHGFRQVWLWXHQWV

&RQVLJQPHQWPHDQVDVROLGEXONFDUJRSUHVHQWHGE\DVKLSSHUIRUWUDQVSRUW

)ORZPRLVWXUHSRLQWPHDQVWKHSHUFHQWDJHPRLVWXUHFRQWHQWZHWPDVVEDVLVDWZKLFK D IORZ VWDWH GHYHORSV XQGHU WKH SUHVFULEHG PHWKRG RI WHVW LQ D UHSUHVHQWDWLYH VDPSOH RI WKH PDWHULDOVHHSDUDJUDSKRIDSSHQGL[

)ORZVWDWHPHDQVDVWDWHRFFXUULQJZKHQDPDVVRIJUDQXODUPDWHULDOLVVDWXUDWHGZLWK OLTXLG WR DQ H[WHQW WKDW XQGHU WKH LQIOXHQFH RI SUHYDLOLQJ H[WHUQDO IRUFHV VXFK DV YLEUDWLRQ LPSDFWLRQRUVKLSVPRWLRQLWORVHVLWVLQWHUQDOVKHDUVWUHQJWKDQGEHKDYHVDVDOLTXLG

*URXS $ FRQVLVWV RI FDUJRHV ZKLFK PD\ OLTXHI\ LI VKLSSHG DW D PRLVWXUH FRQWHQW LQ H[FHVVRIWKHLUWUDQVSRUWDEOHPRLVWXUHOLPLW

Bilaga 1

06&$GG $11(; 3DJH

*URXS%FRQVLVWVRIFDUJRHVZKLFKSRVVHVVDFKHPLFDOKD]DUGZKLFKFRXOGJLYHULVHWR DGDQJHURXVVLWXDWLRQRQDVKLS

*URXS&FRQVLVWVRIFDUJRHVZKLFKDUHQHLWKHUOLDEOHWROLTXHI\*URXS$QRUWRSRVVHVV FKHPLFDOKD]DUGV*URXS%

+LJKGHQVLW\ VROLG EXON FDUJR PHDQV D VROLG EXON FDUJR ZLWK D VWRZDJH IDFWRU RIP WRUOHVV

,0'*&RGHPHDQVWKH,QWHUQDWLRQDO0DULWLPH'DQJHURXV*RRGV,0'*&RGHDGRSWHG E\WKH0DULWLPH6DIHW\&RPPLWWHHRIWKH2UJDQL]DWLRQE\UHVROXWLRQ06&DVPD\EH DPHQGHGE\WKH2UJDQL]DWLRQ

,QFRPSDWLEOH PDWHULDOV PHDQV PDWHULDOV WKDW PD\ UHDFW GDQJHURXVO\ ZKHQ PL[HG 7KH\ DUH VXEMHFW WR WKH VHJUHJDWLRQ UHTXLUHPHQWV RI VXEVHFWLRQ DQG WKH VFKHGXOHV IRU LQGLYLGXDOFDUJRHVFODVVLILHGLQ*URXS%

,QWHUQDWLRQDO6KLSDQG3RUW)DFLOLW\6HFXULW\,636&RGHPHDQVWKH,QWHUQDWLRQDO&RGH IRUWKH6HFXULW\RI6KLSVDQGRI3RUW)DFLOLWLHVFRQVLVWLQJRI3DUW$WKHSURYLVLRQVRIZKLFKVKDOO EH WUHDWHG DV PDQGDWRU\ DQG SDUW % WKH SURYLVLRQV RI ZKLFK VKDOO EH WUHDWHG DV UHFRPPHQGDWRU\ DV DGRSWHG RQ 'HFHPEHU E\ UHVROXWLRQ RI WKH &RQIHUHQFH RI &RQWUDFWLQJ*RYHUQPHQWVWRWKH,QWHUQDWLRQDO&RQYHQWLRQIRUWKH6DIHW\RI/LIHDW6HDDV PD\EHDPHQGHGE\WKH2UJDQL]DWLRQ

0DWHULDOVKD]DUGRXVRQO\LQEXON0+%PHDQVPDWHULDOVZKLFKPD\SRVVHVVFKHPLFDO KD]DUGVZKHQFDUULHGLQEXONRWKHUWKDQPDWHULDOVFODVVLILHGDVGDQJHURXVJRRGVLQWKH,0'*&RGH

0RLVWXUHFRQWHQWPHDQVWKDWSRUWLRQRIDUHSUHVHQWDWLYHVDPSOHFRQVLVWLQJRIZDWHULFH RURWKHUOLTXLGH[SUHVVHGDVDSHUFHQWDJHRIWKHWRWDOZHWPDVVRIWKDWVDPSOH

0RLVWXUH PLJUDWLRQ PHDQV WKH PRYHPHQW RI PRLVWXUH FRQWDLQHG LQ D FDUJR E\ VHWWOLQJ DQG FRQVROLGDWLRQ RI WKH FDUJR GXH WR YLEUDWLRQ DQG VKLS¶V PRWLRQ :DWHU LV SURJUHVVLYHO\ GLVSODFHGZKLFKPD\UHVXOWLQVRPHSRUWLRQVRUDOORIWKHFDUJRGHYHORSLQJDIORZVWDWH

1RQFRKHVLYH PDWHULDO PHDQV GU\ PDWHULDOV WKDW UHDGLO\ VKLIW GXH WR VOLGLQJ GXULQJ WUDQVSRUWDVOLVWHGLQDSSHQGL[SDUDJUDSK³3URSHUWLHVRIGU\EXONFDUJRHV´

5HSUHVHQWDWLYH WHVW VDPSOH PHDQV D VDPSOH RI VXIILFLHQW TXDQWLW\ IRU WKH SXUSRVH RI WHVWLQJWKHSK\VLFDODQGFKHPLFDOSURSHUWLHVRIWKHFRQVLJQPHQWWRPHHWVSHFLILHGUHTXLUHPHQWV

6KLSSHUPHDQVDQ\SHUVRQE\ZKRPRULQZKRVHQDPHRURQZKRVHEHKDOIDFRQWUDFWRI FDUULDJHRIJRRGVE\VHDKDVEHHQFRQFOXGHGZLWKDFDUULHURUDQ\SHUVRQE\ZKRPRULQZKRVH QDPH RU RQ ZKRVH EHKDOI WKH JRRGV DUH DFWXDOO\ GHOLYHUHG WR WKH FDUULHU LQ UHODWLRQ WR WKH FRQWUDFWRIFDUULDJHE\VHD

6ROLG EXON FDUJR PHDQV DQ\ FDUJR RWKHU WKDQ D OLTXLG RU D JDV FRQVLVWLQJ RI D FRPELQDWLRQ RI SDUWLFOHV JUDQXOHV RU DQ\ ODUJHU SLHFHV RI PDWHULDO JHQHUDOO\ XQLIRUP LQ FRPSRVLWLRQ ZKLFK LV ORDGHG GLUHFWO\ LQWR WKH FDUJR VSDFHV RI D VKLS ZLWKRXW DQ\ LQWHUPHGLDWH IRUPRIFRQWDLQPHQW

Bilaga 1

06&$GG $11(; 3DJH

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

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

*HQHUDOORDGLQJFDUULDJHDQGXQORDGLQJSUHFDXWLRQV

&DUJRGLVWULEXWLRQ

*HQHUDO

$QXPEHURIDFFLGHQWVKDYHRFFXUUHGDVDUHVXOWRILPSURSHUORDGLQJDQGXQORDGLQJRIVROLGEXON FDUJRHV,WVKDOOEHQRWHGWKDWVROLGEXONFDUJRHVKDYHWREHSURSHUO\GLVWULEXWHGWKURXJKRXWWKH VKLS WR SURYLGH DGHTXDWH VWDELOLW\ DQG WR HQVXUH WKDW WKH VKLS¶V VWUXFWXUH LV QHYHU RYHUVWUHVVHG )XUWKHUPRUH WKH VKLSSHU VKDOO SURYLGH WKH PDVWHU ZLWK DGHTXDWH LQIRUPDWLRQ DERXW WKH FDUJR DVVSHFLILHGLQVHFWLRQWRHQVXUHWKDWWKHVKLSLVSURSHUO\ORDGHG

7RSUHYHQWWKHVWUXFWXUHEHLQJRYHUVWUHVVHG

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¶V VWDELOLW\LQIRUPDWLRQERRNOHWRUPD\EHREWDLQHGE\WKHXVHRIORDGLQJFDOFXODWRUVLIDYDLODEOH

7RDLGVWDELOLW\

+DYLQJ UHJDUG WR UHJXODWLRQ ,, RI 62/$6&RQYHQWLRQ D VWDELOLW\ LQIRUPDWLRQ ERRNOHWVKDOOEHSURYLGHGDERDUGDOOVKLSVVXEMHFWWRWKH&RQYHQWLRQ7KHPDVWHUVKDOOEHDEOHWR FDOFXODWHWKHVWDELOLW\IRUWKHDQWLFLSDWHGZRUVWFRQGLWLRQVGXULQJWKHYR\DJHDVZHOODVWKDWRQ GHSDUWXUHDQGGHPRQVWUDWHWKDWWKHVWDELOLW\LVDGHTXDWH

6KLIWLQJGLYLVLRQVDQGELQVRIDGHTXDWHVWUHQJWKVKDOOEHHUHFWHGZKHQHYHUVROLGEXON FDUJRHV ZKLFK DUH VXVSHFWHG RI UHDGLO\ VKLIWLQJ DUH FDUULHG LQ ¶WZHHQGHFN FDUJR VSDFHV RU LQ RQO\SDUWLDOO\ILOOHGFDUJRVSDFHV

$V IDU DV SUDFWLFDEOH KLJKGHQVLW\ FDUJRHV VKDOO EH ORDGHG LQ WKH ORZHU KROG FDUJR VSDFHVLQSUHIHUHQFHWR¶WZHHQGHFNFDUJRVSDFHV

:KHQ LW LV QHFHVVDU\ WR FDUU\ KLJKGHQVLW\ FDUJRHV LQ ¶WZHHQGHFNV RU KLJKHU FDUJR VSDFHVGXHFRQVLGHUDWLRQVKDOOEHSDLGWRHQVXUHWKDWWKHGHFNDUHDLVQRWRYHUVWUHVVHGDQGWKDW WKH VKLS¶V VWDELOLW\ LV QRW UHGXFHG EHORZ WKH PLQLPXP DFFHSWDEOH OHYHO VSHFLILHG LQ WKH VKLS¶V VWDELOLW\GDWD

$OVR UHIHU WR WKH &RGH RI 3UDFWLFH IRU WKH 6DIH /RDGLQJ DQG 8QORDGLQJ RI %XON &DUULHUV DGRSWHG E\ WKH 2UJDQL]DWLRQE\UHVROXWLRQ$DVDPHQGHG

Bilaga 1

06&$GG $11(; 3DJH

/RDGLQJDQGXQORDGLQJ

&DUJR VSDFHV VKDOO EH LQVSHFWHG DQG SUHSDUHG IRU WKH SDUWLFXODU FDUJR ZKLFK LV WR EH ORDGHG

'XH FRQVLGHUDWLRQ VKDOO EH SDLG WR ELOJH ZHOOV DQG VWUDLQHU SODWHV IRU ZKLFK VSHFLDO SUHSDUDWLRQ LV QHFHVVDU\ WR IDFLOLWDWH GUDLQDJH DQG WR SUHYHQW HQWU\ RI WKH FDUJRHV LQWR WKH ELOJHV\VWHP

%LOJH OLQHV VRXQGLQJ SLSHV DQG RWKHU VHUYLFH OLQHV ZLWKLQ WKH FDUJR VSDFH VKDOO EH LQ JRRGRUGHU

%HFDXVHRIWKHYHORFLW\DWZKLFKVRPHKLJKGHQVLW\VROLGEXONFDUJRHVDUHORDGHGVSHFLDO FDUH PD\ EH QHFHVVDU\ WR SURWHFW FDUJR VSDFH ILWWLQJV IURP GDPDJH 7R VRXQG ELOJHV DIWHU WKH FRPSOHWLRQRIORDGLQJPD\EHHIIHFWLYHWRGHWHFWGDPDJHRQFDUJRVSDFHILWWLQJV

$V IDU DV SUDFWLFDEOH YHQWLODWLRQ V\VWHPV VKDOO EH VKXW GRZQ RU VFUHHQHG DQG DLU FRQGLWLRQLQJ V\VWHPV SODFHG RQ UHFLUFXODWLRQ GXULQJ ORDGLQJ RU GLVFKDUJH WR PLQLPL]H GXVW LQJUHVVLQWRWKHOLYLQJTXDUWHUVRURWKHULQWHULRUVSDFHV

'XH FRQVLGHUDWLRQ VKDOO EH SDLG WR PLQLPL]H WKH H[WHQW WR ZKLFK GXVW PD\ FRPH LQWR FRQWDFWZLWKPRYLQJSDUWVRIGHFNPDFKLQHU\DQGH[WHUQDOQDYLJDWLRQDODLGV

5HIHU WR WKH *XLGDQFH WR VKLSV¶ FUHZV DQG WHUPLQDO SHUVRQQHO IRU EXON FDUULHU LQVSHFWLRQV DGRSWHG E\ WKH 2UJDQL]DWLRQE\UHVROXWLRQ$

,?06&??$GGGRF

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

6DIHW\RISHUVRQQHODQGVKLS

*HQHUDOUHTXLUHPHQWV

3ULRU WR DQG GXULQJ ORDGLQJ FDUULDJH DQG GLVFKDUJH RI D VROLG EXON FDUJR DOO QHFHVVDU\ VDIHW\SUHFDXWLRQVVKDOOEHREVHUYHG

$ FRS\ RI WKH LQVWUXFWLRQV RQ HPHUJHQF\ UHVSRQVH DQG PHGLFDO ILUVW DLG UHOHYDQW WR LQFLGHQWVLQYROYLQJGDQJHURXVJRRGVLQVROLGIRUPLQEXONVKDOOEHRQERDUG

3RLVRQLQJFRUURVLYHDQGDVSK\[LDWLRQKD]DUGV

6RPH VROLG EXON FDUJRHV DUH VXVFHSWLEOH WR R[LGDWLRQ ZKLFK PD\ UHVXOW LQ R[\JHQ GHSOHWLRQ HPLVVLRQ RI WR[LF JDVHV RU IXPHV DQG VHOIKHDWLQJ 6RPH FDUJRHV DUH QRW OLDEOH WR R[LGL]HEXWPD\HPLWWR[LFIXPHVSDUWLFXODUO\ZKHQZHW7KHUHDUHDOVRFDUJRHVZKLFKZKHQ ZHWWHGDUHFRUURVLYHWRVNLQH\HVDQGPXFRXVPHPEUDQHVRUWRWKHVKLS¶VVWUXFWXUH:KHQWKHVH FDUJRHVDUHFDUULHGSDUWLFXODUDWWHQWLRQVKDOOEHSDLGWRSURWHFWLRQRISHUVRQQHODQGWKHQHHGIRU VSHFLDOSUHFDXWLRQVWREHWDNHQSULRUWRORDGLQJDQGDIWHUXQORDGLQJ

$SSURSULDWHDWWHQWLRQVKDOOEHSDLGWKDWFDUJRVSDFHVDQGDGMDFHQWVSDFHVPD\EHGHSOHWHG LQ R[\JHQ RU PD\ FRQWDLQ WR[LF RU DVSK\[LDWLQJ JDVHV DQG WKDW DQ HPSW\ FDUJR VSDFH RU WDQN ZKLFKKDVUHPDLQHGFORVHGIRUVRPHWLPHPD\KDYHLQVXIILFLHQWR[\JHQWRVXSSRUWOLIH

0DQ\ VROLG EXON FDUJRHV DUH OLDEOH WR FDXVH R[\JHQ GHSOHWLRQ LQ D FDUJR VSDFH RU WDQN 7KHVHLQFOXGHEXWDUHQRWOLPLWHGWRPRVWYHJHWDEOHSURGXFWVDQGIRUHVWSURGXFWVIHUURXVPHWDOV PHWDOVXOSKLGHFRQFHQWUDWHVDQGFRDOFDUJRHV

3ULRU WR HQWU\ LQWR DQ HQFORVHG VSDFH DERDUG D VKLS DSSURSULDWH SURFHGXUHV VKDOO EH IROORZHGWDNLQJLQWRDFFRXQWWKHUHFRPPHQGDWLRQVGHYHORSHGE\WKH2UJDQL]DWLRQ ,WLVWREH QRWHGWKDWDIWHUDFDUJRVSDFHRUWDQNKDVEHHQWHVWHGDQGJHQHUDOO\IRXQGWREHVDIHIRUHQWU\ VPDOODUHDVPD\H[LVWZKHUHR[\JHQLVGHILFLHQWRUWR[LFIXPHVDUHVWLOOSUHVHQW

:KHQFDUU\LQJDVROLGEXONFDUJRWKDWLVOLDEOHWRHPLWDWR[LFRUIODPPDEOHJDVDQGRU FDXVH R[\JHQ GHSOHWLRQ LQ WKH FDUJR VSDFH WKH DSSURSULDWH LQVWUXPHQWV IRU PHDVXULQJ WKH FRQFHQWUDWLRQRIJDVDQGR[\JHQLQWKHFDUJRVSDFHVKDOOEHSURYLGHG

(PHUJHQF\ HQWU\ LQWR D FDUJR VSDFH VKDOO EH XQGHUWDNHQ RQO\ E\ WUDLQHG SHUVRQQHO ZHDULQJ VHOIFRQWDLQHG EUHDWKLQJ DSSDUDWXV DQG SURWHFWLYH FORWKLQJ DQG DOZD\V XQGHU WKH VXSHUYLVLRQRIDUHVSRQVLEOHRIILFHU

5HIHU WR WKH 0HGLFDO )LUVW $LG *XLGH IRU 8VH LQ $FFLGHQWV ,QYROYLQJ 'DQJHURXV *RRGV 0)$* 06&&LUF 5HIHU WR WKH 5HFRPPHQGDWLRQV IRU HQWHULQJ HQFORVHG VSDFHV DERDUG VKLSV DGRSWHG E\ WKH 2UJDQL]DWLRQ E\ UHVROXWLRQ$DVDPHQGHG

Bilaga 1

06&$GG $11(; 3DJH

+HDOWKKD]DUGVGXHWRGXVW

7RPLQLPL]HWKHFKURQLFDQGDFXWHULVNVDVVRFLDWHGZLWKH[SRVXUHWRWKHGXVWRIVRPHVROLGEXON FDUJRHVWKHQHHGIRUDKLJKVWDQGDUGRISHUVRQDOK\JLHQHRIWKRVHH[SRVHGWRWKHGXVWFDQQRWEH RYHUHPSKDVL]HG 3UHFDXWLRQV LQFOXGLQJ WKH XVH RI DSSURSULDWHEUHDWKLQJ SURWHFWLRQ SURWHFWLYH FORWKLQJ SURWHFWLYH VNLQ FUHDPV DGHTXDWH SHUVRQDO ZDVKLQJ DQG ODXQGHULQJ RI RXWHU FORWKLQJ VKDOOEHWDNHQDVQHFHVVDU\

)ODPPDEOHDWPRVSKHUH

'XVW RI VRPH VROLG EXON FDUJRHV PD\ FRQVWLWXWH DQ H[SORVLRQ KD]DUG HVSHFLDOO\ ZKLOH ORDGLQJ XQORDGLQJ DQG FOHDQLQJ 7KLV ULVN FDQ EH PLQLPL]HG E\ YHQWLODWLQJ WR SUHYHQW WKH IRUPDWLRQRIDGXVWODGHQDWPRVSKHUHDQGE\KRVLQJGRZQUDWKHUWKDQVZHHSLQJ

6RPH FDUJRHV PD\ HPLW IODPPDEOH JDVHV LQ VXIILFLHQW TXDQWLWLHV WR FRQVWLWXWH D ILUH RU H[SORVLRQ KD]DUG :KHUH WKLV LV LQGLFDWHG LQ WKH FDUJR VFKHGXOH LQ WKLV &RGH RU E\ WKH FDUJR LQIRUPDWLRQSURYLGHGE\WKHVKLSSHUWKHFDUJRVSDFHVVKDOOEHHIIHFWLYHO\YHQWLODWHGDVQHFHVVDU\ 7KHDWPRVSKHUHLQWKHFDUJRVSDFHVVKDOOEHPRQLWRUHGE\PHDQVRIDQDSSURSULDWHJDVGHWHFWRU 'XH FRQVLGHUDWLRQ VKDOO EH SDLG WR WKH YHQWLODWLRQ DQG PRQLWRULQJ RI WKH DWPRVSKHUH LQ WKH HQFORVHGVSDFHVDGMDFHQWWRWKHFDUJRVSDFHV

9HQWLODWLRQ

8QOHVV H[SUHVVO\ SURYLGHG RWKHUZLVH ZKHQ FDUJRHV ZKLFK PD\ HPLW WR[LF JDVHV DUH FDUULHG WKH FDUJR VSDFHV VKDOO EH SURYLGHG ZLWK PHFKDQLFDO RU QDWXUDO YHQWLODWLRQ DQG ZKHQ FDUJRHV ZKLFK PD\ HPLW IODPPDEOH JDVHV DUH FDUULHG WKH FDUJR VSDFHV VKDOO EH SURYLGHG ZLWK PHFKDQLFDOYHQWLODWLRQ

,I PDLQWDLQLQJ YHQWLODWLRQ ZRXOG HQGDQJHU WKH VKLS RU WKH FDUJR LW PD\ EH LQWHUUXSWHG XQOHVVWKLVZRXOGSURGXFHDULVNRIH[SORVLRQ

:KHQFRQWLQXRXVYHQWLODWLRQLVUHTXLUHGE\WKHVFKHGXOHIRUWKHFDUJRLQWKLV&RGHRUE\ WKHFDUJRLQIRUPDWLRQSURYLGHGE\WKHVKLSSHUYHQWLODWLRQVKDOOEHPDLQWDLQHGZKLOHWKHFDUJRLV RQERDUGXQOHVVDVLWXDWLRQGHYHORSVZKHUHYHQWLODWLRQZRXOGHQGDQJHUWKHVKLS

9HQWLODWLRQRSHQLQJVVKDOOEHSURYLGHGLQKROGVLQWHQGHGIRUWKHFDUULDJHRIFDUJRHVWKDW UHTXLUHFRQWLQXRXVYHQWLODWLRQ6XFKRSHQLQJVVKDOOFRPSO\ZLWKWKHUHTXLUHPHQWVRIWKH/RDG /LQH&RQYHQWLRQDVDPHQGHGIRURSHQLQJVQRWILWWHGZLWKPHDQVRIFORVXUH

9HQWLODWLRQVKDOOEHVXFKWKDWDQ\HVFDSLQJKD]DUGRXVJDVHVYDSRXUVRUGXVWFDQQRWHQWHU WKHDFFRPPRGDWLRQRURWKHULQWHULRUVSDFHVLQKD]DUGRXVFRQFHQWUDWLRQV'XHFRQVLGHUDWLRQVKDOO EH JLYHQ WR SUHYHQW HVFDSLQJ KD]DUGRXV JDVHV YDSRXUV RU GXVW IURP UHDFKLQJ HQFORVHG ZRUN DUHDV$GHTXDWHSUHFDXWLRQVVKDOOEHWDNHQWRSURWHFWWKHSHUVRQQHOLQWKHVHZRUNDUHDV

:KHQDFDUJRPD\KHDWVSRQWDQHRXVO\YHQWLODWLRQRWKHUWKDQVXUIDFHYHQWLODWLRQVKDOOQRW EHDSSOLHG2QQRDFFRXQWVKDOODLUEHGLUHFWHGLQWRWKHERG\RIWKHFDUJR

&DUJRXQGHULQWUDQVLWIXPLJDWLRQ

)XPLJDWLRQVKDOOEHSHUIRUPHGEDVHGRQWKHUHFRPPHQGDWLRQVGHYHORSHGE\WKH2UJDQL]DWLRQ

5HIHUWRWKH5HFRPPHQGDWLRQVRQWKHVDIHXVHRISHVWLFLGHVLQVKLSVDSSOLFDEOHWRWKHIXPLJDWLRQRIFDUJRKROGV 06&&LUF ,?06&??$GGGRF

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

$VVHVVPHQWRIDFFHSWDELOLW\RIFRQVLJQPHQWVIRUVDIHVKLSPHQW

,GHQWLILFDWLRQDQGFODVVLILFDWLRQ

(DFK VROLG EXON FDUJR LQ WKLV &RGH KDV EHHQ DVVLJQHG D %XON &DUJR 6KLSSLQJ 1DPH %&61 :KHQ D VROLG EXON FDUJR LV FDUULHG E\ VHD LW VKDOO EH LGHQWLILHG LQ WKH WUDQVSRUW GRFXPHQWDWLRQE\WKH%&617KH%&61VKDOOEHVXSSOHPHQWHGZLWKWKH8QLWHG1DWLRQV81 QXPEHUZKHQWKHFDUJRLVGDQJHURXVJRRGV ,I ZDVWH FDUJRHV DUH EHLQJ WUDQVSRUWHG IRU GLVSRVDO RU IRU SURFHVVLQJ IRU GLVSRVDO WKH QDPHRIWKHFDUJRHVVKDOOEHSUHFHGHGE\WKHZRUG³:$67(´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

3URYLVLRQRILQIRUPDWLRQ

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

Bilaga 1

06&$GG $11(; 3DJH

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

Bilaga 1

06&$GG $11(; 3DJH

)250)25&$5*2,1)250$7,21 IRU6ROLG%XON&DUJRHV

%&61 6KLSSHU 7UDQVSRUWGRFXPHQWQXPEHU &RQVLJQHH &DUULHU 1DPHPHDQVRIWUDQVSRUW ,QVWUXFWLRQVRURWKHUPDWWHUV 3RUWSODFHRIGHSDUWXUH 3RUWSODFHRIGHVWLQDWLRQ *HQHUDOGHVFULSWLRQRIWKHFDUJR *URVVPDVVNJWRQQHV 7\SHRIPDWHULDOSDUWLFOHVL]H

6SHFLILFDWLRQVRIEXONFDUJRLIDSSOLFDEOH 6WRZDJHIDFWRU $QJOHRIUHSRVHLIDSSOLFDEOH 7ULPPLQJSURFHGXUHV &KHPLFDOSURSHUWLHVLISRWHQWLDOKD]DUG HJ&ODVV 811RRU³0+%´ *URXSRIWKHFDUJR 7UDQVSRUWDEOHPRLVWXUHOLPLW *URXS$DQG% *URXS$ *URXS% 0RLVWXUHFRQWHQWDWVKLSPHQW *URXS& )RUFDUJRHVZKLFKPD\OLTXHI\*URXS$ DQG*URXS$DQG%FDUJRHV 5HOHYDQWVSHFLDOSURSHUWLHVRIWKHFDUJR $GGLWLRQDOFHUWLILFDWHV HJKLJKO\VROXEOHLQZDWHU &HUWLILFDWHRIPRLVWXUHFRQWHQWDQG WUDQVSRUWDEOHPRLVWXUHOLPLW :HDWKHULQJFHUWLILFDWH ([HPSWLRQFHUWLILFDWH 2WKHUVSHFLI\ ,IUHTXLUHG '(&/$5$7,21 1DPHVWDWXVFRPSDQ\RUJDQL]DWLRQRI ,KHUHE\GHFODUHWKDWWKHFRQVLJQPHQWLV VLJQDWRU\ IXOO\DQGDFFXUDWHO\GHVFULEHGDQGWKDWWKH JLYHQWHVWUHVXOWVDQGRWKHUVSHFLILFDWLRQVDUH 3ODFHDQGGDWH FRUUHFWWRWKHEHVWRIP\NQRZOHGJHDQG EHOLHIDQGFDQEHFRQVLGHUHGDV 6LJQDWXUHRQEHKDOIRIVKLSSHU UHSUHVHQWDWLYHIRUWKHFDUJRWREHORDGHG

Bilaga 1

06&$GG $11(; 3DJH

&HUWLILFDWHVRIWHVW

7RREWDLQWKHLQIRUPDWLRQUHTXLUHGLQWKHVKLSSHUVKDOODUUDQJHIRUWKHFDUJRWREH SURSHUO\VDPSOHGDQGWHVWHG7KHVKLSSHUVKDOOSURYLGHWKHVKLS¶VPDVWHURUKLVUHSUHVHQWDWLYH ZLWKWKHDSSURSULDWHFHUWLILFDWHVRIWHVWLIUHTXLUHGLQWKLV&RGH

:KHQDFRQFHQWUDWHRURWKHUFDUJRZKLFKPD\OLTXHI\LVFDUULHGWKHVKLSSHUVKDOOSURYLGH WKH VKLS¶V PDVWHU RU KLV UHSUHVHQWDWLYH ZLWK D VLJQHG FHUWLILFDWH RI WKH 70/ DQG D VLJQHG FHUWLILFDWH RU GHFODUDWLRQ RI WKH PRLVWXUH FRQWHQW 7KH FHUWLILFDWH RI 70/ VKDOO FRQWDLQ RU EH DFFRPSDQLHG E\ WKH UHVXOW RI WKH WHVW IRU GHWHUPLQLQJ WKH 70/ 7KH GHFODUDWLRQ RI PRLVWXUH FRQWHQWVKDOOFRQWDLQRUEHDFFRPSDQLHGE\DVWDWHPHQWE\WKHVKLSSHUWKDWWKHPRLVWXUHFRQWHQW LVWRWKHEHVWRIKLVNQRZOHGJHDQGEHOLHIWKHDYHUDJHPRLVWXUHFRQWHQWRIWKHFDUJRDWWKHWLPH WKHGHFODUDWLRQLVSUHVHQWHGWRWKHPDVWHU

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

:KHUH FHUWLILFDWLRQ LV UHTXLUHG E\ WKH LQGLYLGXDO VFKHGXOHV IRU FDUJRHV SRVVHVVLQJ FKHPLFDO KD]DUGV WKH FHUWLILFDWH VKDOO FRQWDLQ RU EH DFFRPSDQLHG E\ D VWDWHPHQW IURP WKH VKLSSHU WKDW WKH FKHPLFDO FKDUDFWHULVWLFV RI WKH FDUJR DUH WR WKH EHVW RI KLV NQRZOHGJH WKRVH SUHVHQWDWWKHWLPHRIWKHVKLS¶VORDGLQJ

6DPSOLQJSURFHGXUHV

3K\VLFDO SURSHUW\ WHVWV RQ WKH FRQVLJQPHQW DUH PHDQLQJOHVV XQOHVV WKH\ DUH FRQGXFWHG SULRUWRORDGLQJRQWUXO\UHSUHVHQWDWLYHWHVWVDPSOHV

6DPSOLQJVKDOOEHFRQGXFWHGRQO\E\SHUVRQVZKRKDYHEHHQVXLWDEO\WUDLQHGLQVDPSOLQJ SURFHGXUHVDQGZKRDUHXQGHUWKHVXSHUYLVLRQRIVRPHRQHZKRLVIXOO\DZDUHRIWKHSURSHUWLHVRI WKHFRQVLJQPHQWDQGDOVRWKHDSSOLFDEOHSULQFLSOHVDQGSUDFWLFHVRIVDPSOLQJ

3ULRUWRWDNLQJVDPSOHVDQGZLWKLQWKHOLPLWVRISUDFWLFDELOLW\DYLVXDOLQVSHFWLRQRIWKH FRQVLJQPHQWZKLFKLVWRIRUPWKHVKLS¶VFDUJRVKDOOEHFDUULHGRXW$Q\VXEVWDQWLDOSRUWLRQVRI PDWHULDOZKLFKDSSHDUWREHFRQWDPLQDWHGRUVLJQLILFDQWO\GLIIHUHQWLQFKDUDFWHULVWLFVRUPRLVWXUH FRQWHQWIURPWKHEXONRIWKHFRQVLJQPHQWVKDOOEHVDPSOHGDQGDQDO\VHGVHSDUDWHO\'HSHQGLQJ XSRQWKHUHVXOWVREWDLQHGLQWKHVHWHVWVLWPD\EHQHFHVVDU\WRUHMHFWWKRVHSDUWLFXODUSRUWLRQVDV XQILWIRUVKLSPHQW

5HSUHVHQWDWLYH VDPSOHV VKDOO EH REWDLQHG E\ HPSOR\LQJ WHFKQLTXHV ZKLFK WDNH WKH IROORZLQJIDFWRUVLQWRDFFRXQW

WKHW\SHRIPDWHULDO

WKHSDUWLFOHVL]HGLVWULEXWLRQ

Bilaga 1

06&$GG $11(; 3DJH

FRPSRVLWLRQRIWKHPDWHULDODQGLWVYDULDELOLW\

WKH PDQQHU LQ ZKLFK WKH PDWHULDO LV VWRUHG LQ VWRFNSLOHV UDLO ZDJRQV RU RWKHU FRQWDLQHUV DQG WUDQVIHUUHG RU ORDGHG E\ PDWHULDOKDQGOLQJ V\VWHPV VXFK DV FRQYH\RUVORDGLQJFKXWHVFUDQHJUDEVHWF

WKHFKHPLFDOKD]DUGVWR[LFLW\FRUURVLYLW\HWF

WKH FKDUDFWHULVWLFV ZKLFK KDYH WR EH GHWHUPLQHG PRLVWXUH FRQWHQW 70/ EXON GHQVLW\VWRZDJHIDFWRUDQJOHRIUHSRVHHWF

YDULDWLRQVLQPRLVWXUHGLVWULEXWLRQWKURXJKRXWWKHFRQVLJQPHQWZKLFKPD\RFFXU GXHWRZHDWKHUFRQGLWLRQVQDWXUDOGUDLQDJHHJWRORZHUOHYHOVRIVWRFNSLOHVRU FRQWDLQHUVRURWKHUIRUPVRIPRLVWXUHPLJUDWLRQDQG

YDULDWLRQVZKLFKPD\RFFXUIROORZLQJIUHH]LQJRIWKHPDWHULDO

7KURXJKRXW WKH VDPSOLQJ SURFHGXUHV XWPRVW FDUH VKDOO EH WDNHQ WR SUHYHQW FKDQJHV LQ TXDOLW\ DQG FKDUDFWHULVWLFV 6DPSOHV VKDOO EH LPPHGLDWHO\ SODFHG LQ VXLWDEOH VHDOHG FRQWDLQHUV ZKLFKDUHSURSHUO\PDUNHG

8QOHVV H[SUHVVO\ SURYLGHG RWKHUZLVH VDPSOLQJ IRU WKH WHVW UHTXLUHG E\ WKLV &RGH VKDOO IROORZDQLQWHUQDWLRQDOO\RUQDWLRQDOO\DFFHSWHGVWDQGDUGSURFHGXUH

,QWHUYDO EHWZHHQ VDPSOLQJWHVWLQJ DQG ORDGLQJ IRU 70/ DQG PRLVWXUH FRQWHQW GHWHUPLQDWLRQ

$WHVWWRGHWHUPLQHWKH70/RIDVROLGEXONFDUJRVKDOOEHFRQGXFWHGZLWKLQVL[PRQWKVWR WKH GDWH RI ORDGLQJ WKH FDUJR 1RWZLWKVWDQGLQJ WKLV SURYLVLRQ ZKHUH WKH FRPSRVLWLRQ RU FKDUDFWHULVWLFV RI WKH FDUJR DUH YDULDEOH IRU DQ\ UHDVRQ D WHVW WR GHWHUPLQH WKH 70/ VKDOO EH FRQGXFWHGDJDLQDIWHULWLVUHDVRQDEO\DVVXPHGWKDWVXFKYDULDWLRQKDVWDNHQSODFH

6DPSOLQJDQGWHVWLQJIRUPRLVWXUHFRQWHQWVKDOOEHFRQGXFWHGDVQHDUDVSUDFWLFDEOHWRWKH WLPH RI ORDGLQJ ,I WKHUH KDV EHHQ VLJQLILFDQW UDLQ RU VQRZ EHWZHHQ WKH WLPH RI WHVWLQJ DQG ORDGLQJFKHFNWHVWVVKDOOEHFRQGXFWHGWRHQVXUHWKDWWKHPRLVWXUHFRQWHQWRIWKHFDUJRLVVWLOOOHVV WKDQ LWV70/ 7KH LQWHUYDO EHWZHHQ VDPSOLQJWHVWLQJ DQG ORDGLQJ VKDOO QHYHU EH PRUH WKDQVHYHQGD\V

6DPSOHVRIIUR]HQFDUJRVKDOOEHWHVWHGIRUWKH70/RUWKHPRLVWXUHFRQWHQWDIWHUWKHIUHH PRLVWXUHKDVFRPSOHWHO\WKDZHG

6DPSOLQJSURFHGXUHVIRUFRQFHQWUDWHVWRFNSLOHV

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

Bilaga 1

06&$GG $11(; 3DJH

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

Bilaga 1

06&$GG $11(; 3DJH

([DPSOHVRIVWDQGDUGL]HGVDPSOLQJSURFHGXUHVIRULQIRUPDWLRQ

,62 ,URQRUHV±6DPSOLQJDQGVDPSOHSUHSDUDWLRQSURFHGXUHV

,62 +DUGFRDO±6DPSOLQJ

$670' 6WDQGDUG3UDFWLFHIRU&ROOHFWLRQRID*URVV6DPSOHRI&RDO

$XVWUDOLDQ6WDQGDUGV

$6 &RDODQG&RNH6DPSOLQJ 3DUW+LJKHUUDQNFRDO±6DPSOLQJ3URFHGXUHV $6±6HULHV 0HWKRGVRIVDPSOLQJDQGWHVWLQJDJJUHJDWHV %6 0HWKRGVRIVDPSOLQJFRDODQGFRNH %6 %ULWLVK6WDQGDUG3DUWPHWKRGVRIVDPSOLQJRIFRDO %6 %ULWLVK6WDQGDUG3DUWPHWKRGVRIVDPSOLQJRIFRDO

&DQDGLDQ6WDQGDUG6DPSOLQJ3URFHGXUHIRU&RQFHQWUDWH6WRFNSLOHV (XURSHDQ&RPPXQLWLHV0HWKRGRI6DPSOLQJIRUWKH&RQWURORI)HUWLOL]HUV

-,60 -DSDQHVH *HQHUDO 5XOHV IRU 0HWKRGV RI 6DPSOLQJ %XON 0DWHULDOV -,60 3DUWLFXODWH FDUJRHV ± *HQHUDO 5XOHV IRU 0HWKRGV RI 6DPSOLQJ

3ROLVK6WDQGDUG6DPSOLQJ3URFHGXUHIRU

,URQDQG0DQJDQHVH2UHV±5HI1R31+

1RQIHUURXV0HWDOV±5HI1R31+

5XVVLDQ )HGHUDWLRQ 6WDQGDUG 6DPSOLQJ 3URFHGXUH IRU WKH 'HWHUPLQDWLRQ RI 0RLVWXUH &RQWHQWLQ2UH&RQFHQWUDWHV

'RFXPHQWDWLRQUHTXLUHGRQERDUGWKHVKLSFDUU\LQJGDQJHURXVJRRGV

(DFK VKLS FDUU\LQJ GDQJHURXV JRRGV LQ VROLG IRUP LQ EXON VKDOO KDYH D VSHFLDO OLVW RU PDQLIHVWVHWWLQJIRUWKWKHGDQJHURXVJRRGVRQERDUGDQGWKHORFDWLRQWKHUHRILQDFFRUGDQFHZLWK 62/$6UHJXODWLRQ9,,$GHWDLOHGVWRZDJHSODQZKLFKLGHQWLILHVE\FODVVDQGVHWVRXWWKH ORFDWLRQRIDOOGDQJHURXVJRRGVRQERDUGPD\EHXVHGLQSODFHRIVXFKDVSHFLDOOLVWRUPDQLIHVW

:KHQ GDQJHURXV JRRGV LQ VROLG IRUP LQ EXON DUH FDUULHG DSSURSULDWH LQVWUXFWLRQV RQ HPHUJHQF\UHVSRQVHWRLQFLGHQWVLQYROYLQJWKHFDUJRHVVKDOOEHRQERDUG

&DUJRVKLSVRIJURVVWRQQDJHDQGRYHUFRQVWUXFWHGRQRUDIWHU6HSWHPEHUDQG FDUJRVKLSVRIOHVVWKDQJURVVWRQQDJHFRQVWUXFWHGRQRUDIWHU)HEUXDU\VXEMHFWWR 62/$6UHJXODWLRQ,,RU,,VKDOOKDYHD'RFXPHQWRIFRPSOLDQFHZKHQFDUU\LQJ GDQJHURXVJRRGVLQVROLGIRUPLQEXONH[FHSWFODVVDQGFODVV

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

7ULPPLQJSURFHGXUHV

*HQHUDOSURYLVLRQVIRUWULPPLQJ

7ULPPLQJ D FDUJR UHGXFHV WKH OLNHOLKRRG RI WKH FDUJR VKLIWLQJ DQG PLQLPL]HV WKH DLU HQWHULQJWKHFDUJR$LUHQWHULQJWKHFDUJRFRXOGOHDGWRVSRQWDQHRXVKHDWLQJ7RPLQLPL]HWKHVH ULVNVFDUJRHVVKDOOEHWULPPHGUHDVRQDEO\OHYHODVQHFHVVDU\

&DUJRVSDFHVVKDOOEHDVIXOODVSUDFWLFDEOHZLWKRXWUHVXOWLQJLQH[FHVVLYHORDGLQJRQWKH ERWWRPVWUXFWXUHRU¶WZHHQGHFNWRSUHYHQWVOLGLQJRIDVROLGEXONFDUJR'XHFRQVLGHUDWLRQVKDOO EH JLYHQ WR WKH DPRXQW RI D VROLG EXON FDUJR LQ HDFK FDUJR VSDFH WDNLQJ LQWR DFFRXQW WKH SRVVLELOLW\RIVKLIWLQJDQGORQJLWXGLQDOPRPHQWVDQGIRUFHVRIWKHVKLS&DUJRVKDOOEHVSUHDGDV ZLGHO\DVSUDFWLFDEOHWRWKHERXQGDU\RIWKHFDUJRVSDFH$OWHUQDWHKROGORDGLQJUHVWULFWLRQVDV UHTXLUHGE\62/$6FKDSWHU;,,PD\DOVRQHHGWREHWDNHQLQWRDFFRXQW

7KH PDVWHU KDV WKH ULJKW WRUHTXLUH WKDW WKH FDUJR EH WULPPHG OHYHO ZKHUH WKHUH LV DQ\ FRQFHUQ UHJDUGLQJ VWDELOLW\ EDVHG XSRQ WKH LQIRUPDWLRQ DYDLODEOH WDNLQJ LQWR DFFRXQW WKH FKDUDFWHULVWLFVRIWKHVKLSDQGWKHLQWHQGHGYR\DJH

6SHFLDOSURYLVLRQVIRUPXOWLGHFNVKLSV

:KHQ D VROLG EXON FDUJR LV ORDGHG RQO\ LQ ORZHU FDUJR VSDFHV LW VKDOO EH WULPPHG VXIILFLHQWO\WRHTXDOL]HWKHPDVVGLVWULEXWLRQRQWKHERWWRPVWUXFWXUH

:KHQVROLGEXONFDUJRHVDUHFDUULHGLQ¶WZHHQGHFNVWKHKDWFKZD\VRIVXFK¶WZHHQGHFNV VKDOOEHFORVHGLQWKRVHFDVHVZKHUHWKHORDGLQJLQIRUPDWLRQLQGLFDWHVDQXQDFFHSWDEOHOHYHORI VWUHVV RI WKH ERWWRP VWUXFWXUH LI WKH KDWFKZD\V DUH OHIW RSHQ 7KH FDUJR VKDOO EH WULPPHG UHDVRQDEO\OHYHODQGVKDOOHLWKHUH[WHQGIURPVLGHWRVLGHRUEHVHFXUHGE\DGGLWLRQDOORQJLWXGLQDO GLYLVLRQV RI VXIILFLHQW VWUHQJWK 7KH VDIH ORDGFDUU\LQJ FDSDFLW\ RI WKH ¶WZHHQGHFNV VKDOO EH REVHUYHGWRHQVXUHWKDWWKHGHFNVWUXFWXUHLVQRWRYHUORDGHG

,IFRDOFDUJRHVDUHFDUULHGLQ¶WZHHQGHFNVWKHKDWFKZD\VRIVXFK¶WZHHQGHFNVVKDOOEH WLJKWO\VHDOHGWRSUHYHQWDLUPRYLQJXSWKURXJKWKHERG\RIWKHFDUJRLQWKH¶WZHHQGHFNV

6SHFLDOSURYLVLRQVIRUFRKHVLYHEXONFDUJRHV

$OOGDPSFDUJRHVDQGVRPHGU\RQHVSRVVHVVFRKHVLRQ)RUFRKHVLYHFDUJRHVWKHJHQHUDO SURYLVLRQVLQVXEVHFWLRQVKDOODSSO\

7KHDQJOHRIUHSRVHLVQRWDQLQGLFDWRURIWKHVWDELOLW\RIDFRKHVLYHEXONFDUJRDQGLWLV QRWLQFOXGHGLQWKHLQGLYLGXDOVFKHGXOHVIRUFRKHVLYHFDUJRHV

6SHFLDOSURYLVLRQVIRUQRQFRKHVLYHEXONFDUJRHV

1RQFRKHVLYH EXON FDUJRHV DUH WKRVH OLVWHG LQ SDUDJUDSK LQ DSSHQGL[ DQG DQ\ RWKHU FDUJRQRWOLVWHGLQWKHDSSHQGL[H[KLELWLQJWKHSURSHUWLHVRIDQRQFRKHVLYHPDWHULDO

Bilaga 1

06&$GG $11(; 3DJH

)RU WULPPLQJ SXUSRVHV VROLG EXON FDUJRHV FDQ EH FDWHJRUL]HG DV FRKHVLYH RU QRQFRKHVLYH 7KH DQJOH RI UHSRVH LV D FKDUDFWHULVWLF RI QRQFRKHVLYH EXON FDUJRHV ZKLFK LV LQGLFDWLYHRIFDUJRVWDELOLW\DQGKDVEHHQLQFOXGHGLQWKHLQGLYLGXDOVFKHGXOHVIRUQRQFRKHVLYH FDUJRHV 7KH DQJOH RI UHSRVH RI WKH FDUJRHV VKDOO HVWDEOLVK ZKLFK SURYLVLRQV RI WKLV VHFWLRQ DSSO\0HWKRGVIRUGHWHUPLQLQJWKHDQJOHRIUHSRVHDUHJLYHQLQVHFWLRQ

1RQFRKHVLYHEXONFDUJRHVKDYLQJDQDQJOHRIUHSRVHOHVVWKDQRUHTXDOWR

7KHVH FDUJRHV ZKLFK IORZ IUHHO\ OLNH JUDLQ VKDOO EH FDUULHG DFFRUGLQJ WR WKH SURYLVLRQV DSSOLFDEOH WR WKH VWRZDJH RI JUDLQ FDUJRHV 7KHEXONGHQVLW\RIWKHFDUJRVKDOOEHWDNHQLQWR DFFRXQWZKHQGHWHUPLQLQJ

WKHVFDQWOLQJVDQGVHFXULQJDUUDQJHPHQWVRIGLYLVLRQVDQGELQEXONKHDGVDQG

WKHVWDELOLW\HIIHFWRIIUHHFDUJRVXUIDFHV

1RQFRKHVLYHEXONFDUJRHVKDYLQJDQDQJOHRIUHSRVHJUHDWHUWKDQWRLQFOXVLYH

7KHVHFDUJRHVVKDOOEHWULPPHGDFFRUGLQJWRWKHIROORZLQJFULWHULD

WKH XQHYHQQHVV RI WKH FDUJR VXUIDFH PHDVXUHG DV WKH YHUWLFDO GLVWDQFH 'K EHWZHHQWKHKLJKHVWDQGORZHVWOHYHOVRIWKHFDUJRVXUIDFHVKDOOQRWH[FHHG% ZKHUH%LVWKHEHDPRIWKHVKLSLQPHWUHVZLWKDPD[LPXPDOORZDEOH'K P RU

ORDGLQJ LV FDUULHG RXW XVLQJ WULPPLQJ HTXLSPHQW DSSURYHG E\ WKH FRPSHWHQW DXWKRULW\

1RQFRKHVLYHEXONFDUJRHVKDYLQJDQDQJOHRIUHSRVHJUHDWHUWKDQ

7KHVHFDUJRHVVKDOOEHWULPPHGDFFRUGLQJWRWKHIROORZLQJFULWHULD

WKH XQHYHQQHVV RI WKH FDUJR VXUIDFH PHDVXUHG DV WKH YHUWLFDO GLVWDQFH 'K EHWZHHQWKHKLJKHVWDQGORZHVWOHYHOVRIWKHFDUJRVXUIDFHVKDOOQRWH[FHHG% ZKHUH%LVWKHEHDPRIWKHVKLSLQPHWUHVZLWKDPD[LPXPDOORZDEOH'K P RU

ORDGLQJ LV FDUULHG RXW XVLQJ WULPPLQJ HTXLSPHQW DSSURYHG E\ WKH FRPSHWHQW DXWKRULW\

5HIHUHQFHLVPDGHWRFKDSWHU9,RIWKH62/$6&RQYHQWLRQDQGWKH,QWHUQDWLRQDO&RGHIRUWKH6DIH&DUULDJHRI *UDLQLQ%XONDGRSWHGE\WKH0DULWLPH6DIHW\&RPPLWWHHRIWKH2UJDQL]DWLRQE\UHVROXWLRQ06&

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

0HWKRGVRIGHWHUPLQLQJWKHDQJOHRIUHSRVH

*HQHUDO

$Q DQJOH RI UHSRVH RI D QRQFRKHVLYH VROLG EXON PDWHULDO VKDOO EH PHDVXUHG E\ D PHWKRG DSSURYHGE\WKHDSSURSULDWHDXWKRULW\DVUHTXLUHGE\VHFWLRQRIWKLV&RGH

5HFRPPHQGHGWHVWPHWKRGV

7KHUHDUHYDULRXVPHWKRGVLQXVHWRGHWHUPLQHWKHDQJOHRIUHSRVHIRUQRQFRKHVLYHVROLGEXON PDWHULDOV7KHUHFRPPHQGHGWHVWPHWKRGVDUHOLVWHGEHORZ

7LOWLQJER[PHWKRG

7KLVODERUDWRU\WHVWPHWKRGLVVXLWDEOHIRUQRQFRKHVLYHJUDQXODUPDWHULDOVZLWKDJUDLQVL]HQRW JUHDWHUWKDQPP$IXOOGHVFULSWLRQRIWKHHTXLSPHQWDQGSURFHGXUHLVJLYHQLQVXEVHFWLRQ RIDSSHQGL[

6KLSERDUGWHVWPHWKRG

,Q WKH DEVHQFH RI D WLOWLQJ ER[ DSSDUDWXV DQ DOWHUQDWLYH SURFHGXUH IRU GHWHUPLQLQJ WKH DSSUR[LPDWHDQJOHRIUHSRVHLVJLYHQLQVXEVHFWLRQRIDSSHQGL[

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

&DUJRHVZKLFKPD\OLTXHI\

,QWURGXFWLRQ

7KH SXUSRVH RI WKLV VHFWLRQ LV WR EULQJ WR WKH DWWHQWLRQ RI PDVWHUV DQG RWKHUV ZLWK UHVSRQVLELOLWLHVIRUWKHORDGLQJDQGFDUULDJHRIEXONFDUJRHVWKHULVNVDVVRFLDWHGZLWKOLTXHIDFWLRQ DQG WKH SUHFDXWLRQV WR PLQLPL]H WKH ULVN 6XFK FDUJRHV PD\ DSSHDU WR EH LQ D UHODWLYHO\ GU\ JUDQXODUVWDWHZKHQORDGHGDQG\HWPD\FRQWDLQVXIILFLHQWPRLVWXUHWREHFRPHIOXLGXQGHUWKH VWLPXOXVRIFRPSDFWLRQDQGWKHYLEUDWLRQZKLFKRFFXUVGXULQJDYR\DJH

$VKLS¶VPRWLRQPD\FDXVHDFDUJRWRVKLIWVXIILFLHQWO\WRFDSVL]HWKHYHVVHO&DUJRVKLIW FDQEHGLYLGHGLQWRWZRW\SHVQDPHO\VOLGLQJIDLOXUHRUOLTXHIDFWLRQFRQVHTXHQFH7ULPPLQJWKH FDUJRLQDFFRUGDQFHZLWKVHFWLRQFDQSUHYHQWVOLGLQJIDLOXUH

6RPHFDUJRHVZKLFKPD\OLTXHI\PD\DOVRKHDWVSRQWDQHRXVO\

&RQGLWLRQVIRUKD]DUGV

*URXS$FDUJRHVFRQWDLQDFHUWDLQSURSRUWLRQRIVPDOOSDUWLFOHVDQGDFHUWDLQDPRXQWRI PRLVWXUH *URXS $ FDUJRHV PD\ OLTXHI\ GXULQJ D YR\DJH HYHQ ZKHQ WKH\ DUH FRKHVLYH DQG WULPPHG OHYHO /LTXHIDFWLRQ FDQ UHVXOW LQ FDUJR VKLIW 7KLV SKHQRPHQRQ PD\ EH GHVFULEHG DVIROORZV

WKHYROXPHRIWKHVSDFHVEHWZHHQWKHSDUWLFOHVUHGXFHVDVWKHFDUJRLVFRPSDFWHG RZLQJWRWKHVKLSPRWLRQHWF

WKHUHGXFWLRQLQVSDFHEHWZHHQFDUJRSDUWLFOHVFDXVHVDQLQFUHDVHLQZDWHUSUHVVXUH LQWKHVSDFHDQG

WKH LQFUHDVH LQ ZDWHU SUHVVXUH UHGXFHV WKH IULFWLRQ EHWZHHQ FDUJR SDUWLFOHV UHVXOWLQJLQDUHGXFWLRQLQWKHVKHDUVWUHQJWKRIWKHFDUJR

/LTXHIDFWLRQGRHVQRWRFFXUZKHQRQHRIWKHIROORZLQJFRQGLWLRQVLVVDWLVILHG

WKH FDUJR FRQWDLQV YHU\ VPDOO SDUWLFOHV ,Q WKLV FDVH SDUWLFOH PRYHPHQW LV UHVWULFWHG E\ FRKHVLRQ DQG WKH ZDWHU SUHVVXUH LQ VSDFHV EHWZHHQ FDUJR SDUWLFOHV GRHVQRWLQFUHDVH

WKH FDUJR FRQVLVWV RI ODUJH SDUWLFOHV RU OXPSV :DWHU SDVVHV WKURXJK WKH VSDFHV EHWZHHQ WKH SDUWLFOHV DQG WKHUH LV QR LQFUHDVH LQ WKH ZDWHU SUHVVXUH &DUJRHVZKLFKFRQVLVWHQWLUHO\RIODUJHSDUWLFOHVZLOOQRWOLTXHI\

WKH FDUJR FRQWDLQV D KLJK SHUFHQWDJH RI DLU DQG ORZ PRLVWXUH FRQWHQW $Q\ LQFUHDVH LQ WKH ZDWHU SUHVVXUH LV LQKLELWHG 'U\ FDUJRHV DUH QRW OLDEOH WR OLTXHI\

Bilaga 1

06&$GG $11(; 3DJH

$ FDUJR VKLIW FDXVHG E\ OLTXHIDFWLRQ PD\ RFFXU ZKHQ WKH PRLVWXUH FRQWHQW H[FHHGV WKH 70/ 6RPH FDUJRHV DUH VXVFHSWLEOH WR PRLVWXUH PLJUDWLRQ DQG PD\ GHYHORS D GDQJHURXV ZHW EDVHHYHQLIWKHDYHUDJHPRLVWXUHFRQWHQWLVOHVVWKDQWKH70/$OWKRXJKWKHFDUJRVXUIDFHPD\ DSSHDU GU\ XQGHWHFWHG OLTXHIDFWLRQ PD\ WDNH SODFH UHVXOWLQJ LQ VKLIWLQJ RI WKH FDUJR &DUJRHV ZLWK KLJK PRLVWXUH FRQWHQW DUH SURQH WR VOLGLQJ SDUWLFXODUO\ ZKHQ WKH FDUJR LV VKDOORZ DQG VXEMHFWWRODUJHKHHODQJOHV

,QWKHUHVXOWLQJYLVFRXVIOXLGVWDWHFDUJRPD\IORZWRRQHVLGHRIWKHVKLSZLWKDUROOEXW QRWFRPSOHWHO\UHWXUQZLWKDUROOWKHRWKHUZD\&RQVHTXHQWO\WKHVKLSPD\SURJUHVVLYHO\UHDFKD GDQJHURXVKHHODQGFDSVL]HTXLWHVXGGHQO\

3URYLVLRQVIRUFDUJRHVZKLFKPD\OLTXHI\

*HQHUDO

&RQFHQWUDWHV RU RWKHU FDUJRHV ZKLFK PD\ OLTXHI\ VKDOO RQO\ EH DFFHSWHG IRU ORDGLQJ ZKHQ WKH DFWXDO PRLVWXUH FRQWHQW RI WKH FDUJR LV OHVV WKDQ LWV 70/ 1RWZLWKVWDQGLQJ WKLV SURYLVLRQ VXFK FDUJRHV PD\ EH DFFHSWHG IRU ORDGLQJ RQ VSHFLDOO\ FRQVWUXFWHG RU ILWWHG FDUJR VKLSVHYHQZKHQWKHLUPRLVWXUHFRQWHQWH[FHHGVWKH70/

&DUJRHVZKLFKFRQWDLQOLTXLGVRWKHUWKDQSDFNDJHGFDQQHGJRRGVRUWKHOLNHVKDOOQRWEH VWRZHGLQWKHVDPHFDUJRVSDFHDERYHRUDGMDFHQWWRWKHVHVROLGEXONFDUJRHV

$GHTXDWHPHDVXUHVVKDOOEHWDNHQWRSUHYHQWOLTXLGVHQWHULQJWKHFDUJRVSDFHLQZKLFK WKHVHVROLGEXONFDUJRHVDUHVWRZHGGXULQJWKHYR\DJH

0DVWHUVVKDOOEHFDXWLRQHGDERXWWKHSRVVLEOHGDQJHURIXVLQJZDWHUWRFRROWKHVHFDUJRHV ZKLOHWKHVKLSLVDWVHD,QWURGXFLQJZDWHUPD\EULQJWKHPRLVWXUHFRQWHQWRIWKHVHFDUJRHVWRD IORZVWDWH:KHQQHFHVVDU\GXHUHJDUGVKDOOEHSDLGWRDSSO\ZDWHULQWKHIRUPRIDVSUD\

6SHFLDOO\FRQVWUXFWHGRUILWWHGFDUJRVKLSV

&DUJRHV KDYLQJ D PRLVWXUH FRQWHQW LQ H[FHVV RI WKH 70/ VKDOO RQO\ EH FDUULHG LQ VSHFLDOO\FRQVWUXFWHGFDUJRVKLSVRULQVSHFLDOO\ILWWHGFDUJRVKLSV

6SHFLDOO\FRQVWUXFWHGFDUJRVKLSVVKDOOKDYHSHUPDQHQWVWUXFWXUDOERXQGDULHVVRDUUDQJHG DVWRFRQILQHDQ\VKLIWRIFDUJRWRDQDFFHSWDEOHOLPLW7KHVKLSFRQFHUQHGVKDOOFDUU\HYLGHQFH RIDSSURYDOE\WKH$GPLQLVWUDWLRQ

6SHFLDOO\ILWWHGFDUJRVKLSVVKDOOEHILWWHGZLWKVSHFLDOO\GHVLJQHGSRUWDEOHGLYLVLRQVWR FRQILQH DQ\ VKLIW RI FDUJR WR DQ DFFHSWDEOH OLPLW 6SHFLDOO\ ILWWHG FDUJR VKLSV VKDOO EH LQ FRPSOLDQFHZLWKWKHIROORZLQJUHTXLUHPHQWV

7KHGHVLJQDQGSRVLWLRQLQJRIVXFKVSHFLDODUUDQJHPHQWVVKDOODGHTXDWHO\SURYLGH QRWRQO\WKHUHVWUDLQWRIWKHLPPHQVHIRUFHVJHQHUDWHGE\WKHIORZPRYHPHQWRI KLJKGHQVLW\ EXON FDUJRHV EXW DOVR IRU WKH QHHG WR UHGXFH WR DQ DFFHSWDEOH VDIH OHYHOWKHSRWHQWLDOKHHOLQJPRYHPHQWVDULVLQJRXWRIDWUDQVYHUVHFDUJRIORZDFURVV WKH FDUJR VSDFH 'LYLVLRQV SURYLGHG WR PHHW WKHVH UHTXLUHPHQWV VKDOO QRW EH FRQVWUXFWHGRIZRRG

Bilaga 1

06&$GG $11(; 3DJH

7KH HOHPHQWV RI WKH VKLS¶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

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

7HVWSURFHGXUHVIRUFDUJRHVZKLFKPD\OLTXHI\

*HQHUDO

)RU D *URXS $ FDUJR WKH DFWXDO PRLVWXUH FRQWHQW DQG WUDQVSRUWDEOH PRLVWXUH OLPLW VKDOO EH GHWHUPLQHGLQDFFRUGDQFHZLWKDSURFHGXUHGHWHUPLQHGE\WKHDSSURSULDWHDXWKRULW\DVUHTXLUHG E\VHFWLRQRIWKLV&RGHXQOHVVWKHFDUJRLVFDUULHGLQDVSHFLDOO\FRQVWUXFWHGRUILWWHGVKLS

7HVWSURFHGXUHVIRUPHDVXUHPHQWRIPRLVWXUHFRQWHQW

7KHUH DUH UHFRJQL]HG LQWHUQDWLRQDO DQG QDWLRQDO PHWKRGV IRU GHWHUPLQLQJ PRLVWXUH FRQWHQW IRU YDULRXVPDWHULDOV5HIHUHQFHLVPDGHWRSDUDJUDSKRIDSSHQGL[

0HWKRGVIRUGHWHUPLQLQJWUDQVSRUWDEOHPRLVWXUHOLPLW

7KHUHFRPPHQGHGPHWKRGVIRUGHWHUPLQLQJWUDQVSRUWDEOHPRLVWXUHOLPLWDUHJLYHQLQDSSHQGL[

&RPSOHPHQWDU\WHVWSURFHGXUHIRUGHWHUPLQLQJWKHSRVVLELOLW\RIOLTXHIDFWLRQ

$VKLS¶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

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

0DWHULDOVSRVVHVVLQJFKHPLFDOKD]DUGV

*HQHUDO

6ROLG EXON FDUJRHV ZKLFK PD\ SRVVHVV D FKHPLFDO KD]DUG GXULQJ WUDQVSRUW EHFDXVH RI WKHLU FKHPLFDO QDWXUH RU SURSHUWLHV DUH LQ *URXS % 6RPH RI WKHVH PDWHULDOV DUH FODVVLILHG DV GDQJHURXVJRRGVDQGRWKHUVDUHPDWHULDOVKD]DUGRXVRQO\LQEXON0+%,WLVHVVHQWLDOWRREWDLQ FXUUHQWYDOLGLQIRUPDWLRQDERXWWKHSK\VLFDODQGFKHPLFDOSURSHUWLHVRIWKHFDUJRHVWREHVKLSSHG LQEXONSULRUWRORDGLQJ

+D]DUGFODVVLILFDWLRQ

7KHFODVVLILFDWLRQRIPDWHULDOVSRVVHVVLQJFKHPLFDOKD]DUGVDQGLQWHQGHGWREHVKLSSHGLQ EXONXQGHUWKHUHTXLUHPHQWVRIWKLV&RGHVKDOOEHLQDFFRUGDQFHZLWKDQG

&ODVVLILFDWLRQRIGDQJHURXVJRRGV

62/$6 UHJXODWLRQ 9,, GHILQHV GDQJHURXV JRRGV LQ VROLG IRUP LQ EXON )RU WKH SXUSRVH RI WKLV&RGHGDQJHURXVJRRGVVKDOOEHFODVVLILHGLQDFFRUGDQFHZLWKSDUWRIWKH,0'*&RGH

&ODVV)ODPPDEOHVROLGV

7KHPDWHULDOVLQWKLVFODVVDUHUHDGLO\FRPEXVWLEOHVROLGVDQGVROLGVZKLFKPD\FDXVHILUHWKURXJK IULFWLRQ

&ODVV6XEVWDQFHVOLDEOHWRVSRQWDQHRXVFRPEXVWLRQ

7KHPDWHULDOVLQWKLVFODVVDUHPDWHULDOVRWKHUWKDQS\URSKRULFPDWHULDOVZKLFKLQFRQWDFWZLWK DLUZLWKRXWHQHUJ\VXSSO\DUHOLDEOHWRVHOIKHDWLQJ

&ODVV6XEVWDQFHVZKLFKLQFRQWDFWZLWKZDWHUHPLWIODPPDEOHJDVHV

7KH PDWHULDOV LQ WKLV FODVV DUH VROLGV ZKLFK E\ LQWHUDFWLRQ ZLWK ZDWHU DUH OLDEOH WR EHFRPH VSRQWDQHRXVO\IODPPDEOHRUWRJLYHRIIIODPPDEOHJDVHVLQGDQJHURXVTXDQWLWLHV

&ODVV2[LGL]LQJVXEVWDQFHV

7KHPDWHULDOVLQWKLVFODVVDUHPDWHULDOVZKLOHLQWKHPVHOYHVQRWQHFHVVDULO\FRPEXVWLEOHPD\ JHQHUDOO\E\\LHOGLQJR[\JHQFDXVHRUFRQWULEXWHWRWKHFRPEXVWLRQRIRWKHUPDWHULDO

&ODVV7R[LFVXEVWDQFHV

7KHPDWHULDOVLQWKLVFODVVDUHPDWHULDOVOLDEOHHLWKHUWRFDXVHGHDWKRUVHULRXVLQMXU\RUWRKDUP KXPDQKHDOWKLIVZDOORZHGRULQKDOHGRUE\VNLQFRQWDFW 41

Bilaga 1

06&$GG $11(; 3DJH

&ODVV5DGLRDFWLYHPDWHULDO

7KH PDWHULDOV LQ WKLV FODVV DUH DQ\ PDWHULDOV FRQWDLQLQJ UDGLRQXFOLGHV ZKHUH ERWK WKH DFWLYLW\ FRQFHQWUDWLRQDQGWKHWRWDODFWLYLW\LQWKHFRQVLJQPHQWH[FHHGWKHYDOXHVVSHFLILHGLQ WRRIWKH,0'*&RGH

&ODVV&RUURVLYHVXEVWDQFHV

7KH PDWHULDOV LQ WKLV FODVV DUH PDWHULDOV ZKLFK E\ FKHPLFDO DFWLRQ ZLOO FDXVH VHYHUH GDPDJH ZKHQLQFRQWDFWZLWKOLYLQJWLVVXHRUZLOOPDWHULDOO\GDPDJHRUHYHQGHVWUR\RWKHUJRRGVRUWKH PHDQVRIWUDQVSRUW

&ODVV0LVFHOODQHRXVGDQJHURXVVXEVWDQFHVDQGDUWLFOHV

7KHPDWHULDOVLQWKLVFODVVDUHPDWHULDOVDQGDUWLFOHVZKLFKGXULQJWUDQVSRUWSUHVHQWDGDQJHUQRW FRYHUHGE\RWKHUFODVVHV

0DWHULDOVKD]DUGRXVRQO\LQEXON0+%

7KHVH DUH PDWHULDOV ZKLFK PD\ SRVVHVV FKHPLFDO KD]DUGV ZKHQ WUDQVSRUWHG LQ EXON RWKHU WKDQ PDWHULDOVFODVVLILHGDVGDQJHURXVJRRGVLQWKH,0'*&RGH

6WRZDJHDQGVHJUHJDWLRQUHTXLUHPHQWV

*HQHUDOUHTXLUHPHQWV

7KH SRWHQWLDO KD]DUGV RI WKH FDUJRHV LQ *URXS % DQG IDOOLQJ ZLWKLQ WKH FODVVLILFDWLRQ RIDQGHQWDLOWKHQHHGIRUVHJUHJDWLRQRILQFRPSDWLEOHFDUJRHV6HJUHJDWLRQVKDOODOVR WDNHDFFRXQWRIDQ\LGHQWLILHGVXEVLGLDU\ULVN

,QDGGLWLRQWRJHQHUDOVHJUHJDWLRQDVEHWZHHQZKROHFODVVHVRIPDWHULDOVWKHUHPD\EHD QHHGWRVHJUHJDWHDSDUWLFXODUPDWHULDOIURPRWKHUV,QWKHFDVHRIVHJUHJDWLRQIURPFRPEXVWLEOH PDWHULDOVWKLVVKDOOEHXQGHUVWRRGQRWWRLQFOXGHSDFNDJLQJPDWHULDOFHLOLQJRUGXQQDJHWKHODWWHU VKDOOLQWKHVHFLUFXPVWDQFHVEHNHSWWRDPLQLPXP

)RU WKH SXUSRVH RI VHJUHJDWLQJ LQFRPSDWLEOH PDWHULDOV WKH ZRUGV ³KROG´ DQG ³FRPSDUWPHQW´DUHGHHPHGWRPHDQDFDUJRVSDFHHQFORVHGE\VWHHOEXONKHDGVRUVKHOOSODWLQJ DQGE\VWHHOGHFNV7KHERXQGDULHVRIVXFKDVSDFHVKDOOEHUHVLVWDQWWRILUHDQGOLTXLG

:KHQ WZR RU PRUH GLIIHUHQW VROLG EXON FDUJRHV RI *URXS % DUH WR EH FDUULHG WKH VHJUHJDWLRQEHWZHHQWKHPVKDOOEHLQDFFRUGDQFHZLWK

:KHUH GLIIHUHQW JUDGHV RI D VROLG EXON FDUJR DUH FDUULHG LQ WKH VDPH FDUJR VSDFH WKH PRVWVWULQJHQWVHJUHJDWLRQSURYLVLRQVDSSOLFDEOHWRDQ\RIWKHGLIIHUHQWJUDGHVVKDOODSSO\WRDOO RIWKHP

:KHQVROLGEXONFDUJRHVRI*URXS%DQGGDQJHURXVJRRGVLQSDFNDJHGIRUPDUHWREH FDUULHGWKHVHJUHJDWLRQEHWZHHQWKHPVKDOOEHLQDFFRUGDQFHZLWK

Bilaga 1

06&$GG $11(; 3DJH

,QFRPSDWLEOH PDWHULDOV VKDOO QRW EH KDQGOHG VLPXOWDQHRXVO\ 8SRQ FRPSOHWLRQ RI ORDGLQJRQHFDUJRWKHKDWFKFRYHUVRIHYHU\FDUJRVSDFHVKDOOEHFORVHGDQGWKHGHFNVFOHDQHGRI UHVLGXH EHIRUH WKH ORDGLQJ RI RWKHU PDWHULDO LV FRPPHQFHG :KHQ GLVFKDUJLQJ WKH VDPH SURFHGXUHVVKDOOEHIROORZHG 7RDYRLGFRQWDPLQDWLRQDOOIRRGVWXIIVVKDOOEHVWRZHG ³VHSDUDWHGIURP´DPDWHULDOZKLFKLVLQGLFDWHGDVWR[LF ³VHSDUDWHGE\DFRPSOHWHFRPSDUWPHQWRUKROGIURP´DOOLQIHFWLRXVPDWHULDOV ³VHSDUDWHGIURP´UDGLRDFWLYHPDWHULDOVDQG ³DZD\IURP´FRUURVLYHPDWHULDOV 7KHWHUPVDUHGHILQHGLQDQGDVDSSURSULDWH 0DWHULDOV ZKLFK PD\ HYROYH WR[LF JDVHV LQ VXIILFLHQW TXDQWLWLHV WR DIIHFW KHDOWK VKDOO QRW EH VWRZHG LQ WKRVH VSDFHV IURP ZKHUH VXFK JDVHV PD\ SHQHWUDWH LQWR OLYLQJ TXDUWHUV RU YHQWLODWLRQV\VWHPVFRQQHFWLQJWROLYLQJTXDUWHUV 0DWHULDOVZKLFKSUHVHQWFRUURVLYHKD]DUGVRIVXFKLQWHQVLW\DVWRDIIHFWHLWKHUKXPDQ WLVVXH RU WKH VKLS¶V VWUXFWXUH VKDOO RQO\ EH ORDGHG DIWHU DGHTXDWH SUHFDXWLRQV DQG SURWHFWLYH PHDVXUHVKDYHEHHQWDNHQ $IWHUGLVFKDUJHRIWR[LFRUR[LGL]LQJFDUJRHVWKHVSDFHVXVHGIRUWKHLUFDUULDJHVKDOOEH LQVSHFWHG IRU FRQWDPLQDWLRQ EHIRUH EHLQJ XVHG IRU RWKHU FDUJRHV $ VSDFH ZKLFK KDV EHHQ FRQWDPLQDWHGVKDOOEHSURSHUO\FOHDQHGDQGH[DPLQHGEHIRUHEHLQJXVHGIRURWKHUFDUJRHV $IWHU GLVFKDUJH RI FDUJRHV D FORVH LQVSHFWLRQ VKDOO EH PDGH IRU DQ\ UHVLGXH ZKLFK VKDOOEHUHPRYHGEHIRUHWKHVKLSLVSUHVHQWHGIRURWKHUFDUJRHV )RU FDUJRHV IRU ZKLFK LQ FDVH RI DQ HPHUJHQF\ WKH KDWFKHV VKDOO EH RSHQHG WKHVH KDWFKHVVKDOOEHNHSWIUHHWREHFDSDEOHRIEHLQJRSHQHGXS

6SHFLDOUHTXLUHPHQWV

0DWHULDOVRIFODVVHVDQG

0DWHULDOVRIWKHVHFODVVHVVKDOOEHNHSWDVFRRODQGGU\DVUHDVRQDEO\SUDFWLFDEOHDQG XQOHVV H[SUHVVO\ SURYLGHG RWKHUZLVH LQ WKLV &RGH VKDOO EH VWRZHG ³DZD\ IURP´ DOO VRXUFHV RI KHDWRULJQLWLRQ (OHFWULFDO ILWWLQJV DQG FDEOHV VKDOO EH LQ JRRG FRQGLWLRQ DQG SURSHUO\ VDIHJXDUGHG DJDLQVWVKRUWFLUFXLWVDQGVSDUNLQJ:KHUHDEXONKHDGLVUHTXLUHGWREHVXLWDEOHIRUVHJUHJDWLRQ SXUSRVHVFDEOHDQGFRQGXLWSHQHWUDWLRQVRIWKHGHFNVDQGEXONKHDGVVKDOOEHVHDOHGDJDLQVWWKH SDVVDJHRIJDVDQGYDSRXU 43

Bilaga 1

06&$GG $11(; 3DJH

&DUJRHVOLDEOHWRJLYHRIIYDSRXUVRUJDVHVZKLFKFDQIRUPDQH[SORVLYHPL[WXUHZLWK DLUVKDOOEHVWRZHGLQDPHFKDQLFDOO\YHQWLODWHGVSDFH

3URKLELWLRQ RI VPRNLQJ LQ GDQJHURXV DUHDV VKDOO EH HQIRUFHG DQG FOHDUO\ OHJLEOH ³12602.,1*´VLJQVVKDOOEHGLVSOD\HG

0DWHULDOVRIFODVV

&DUJRHV RI WKLV FODVV VKDOO EH NHSW DV FRRO DQG GU\ DV UHDVRQDEO\ SUDFWLFDEOH DQG XQOHVV H[SUHVVO\ SURYLGHG RWKHUZLVH LQ WKLV &RGH VKDOO EH VWRZHG ³DZD\ IURP´ DOO VRXUFHV RI KHDWRULJQLWLRQ7KH\VKDOODOVREHVWRZHG³VHSDUDWHGIURP´RWKHUFRPEXVWLEOHPDWHULDOV

%HIRUHORDGLQJFDUJRHVRIWKLVFODVVSDUWLFXODUDWWHQWLRQVKDOOEHSDLGWRWKHFOHDQLQJ RI WKH FDUJR VSDFHV LQWR ZKLFK WKH\ ZLOO EH ORDGHG $V IDU DV UHDVRQDEO\ SUDFWLFDEOH QRQFRPEXVWLEOH VHFXULQJ DQG SURWHFWLQJ PDWHULDOV VKDOO EH XVHG DQG RQO\ D PLQLPXP RI GU\ ZRRGHQGXQQDJHVKDOOEHXVHG

3UHFDXWLRQVVKDOOEHWDNHQWRDYRLGWKHSHQHWUDWLRQRIR[LGL]LQJPDWHULDOVLQWRRWKHU FDUJRVSDFHVELOJHVDQGRWKHUVSDFHVZKLFKPD\FRQWDLQDFRPEXVWLEOHPDWHULDO

0DWHULDOVRIFODVV

&DUJRVSDFHVXVHGIRUWKHWUDQVSRUWRI/RZ6SHFLILF$FWLYLW\0DWHULDOV/6$,DQG 6XUIDFH&RQWDPLQDWHG2EMHFWV6&2,VKDOOQRWEHXVHGIRURWKHUFDUJRHVXQWLOGHFRQWDPLQDWHG E\DTXDOLILHGSHUVRQVRWKDWWKHQRQIL[HGFRQWDPLQDWLRQRQDQ\VXUIDFHZKHQDYHUDJHGRYHUDQ DUHDRIFP GRHVQRWH[FHHGWKHIROORZLQJOHYHOV

%TFP ȝ&L FP IRU EHWD DQG JDPPD HPLWWHUV DQG WKH ORZWR[LFLW\ DOSKD HPLWWHUV QDWXUDO XUDQLXP QDWXUDO WKRULXP XUDQLXP RU XUDQLXP WKRULXPWKRULXPDQGWKRULXPZKHQFRQWDLQHGLQRUHV SK\VLFDO RU FKHPLFDO FRQFHQWUDWHV UDGLRQXFOLGHV ZLWK D KDOIOLIH RI OHVVWKDQGD\VDQG

%TFP ȝ&LFP IRUDOORWKHUDOSKDHPLWWHUV

0DWHULDOVRIFODVVRUPDWHULDOVKDYLQJVLPLODUSURSHUWLHV

7KHVHFDUJRHVVKDOOEHNHSWDVGU\DVUHDVRQDEO\SUDFWLFDEOH

3ULRU WR ORDGLQJ WKHVH FDUJRHV DWWHQWLRQ VKDOO EH SDLG WR WKH FOHDQLQJ RI WKH FDUJR VSDFHVLQWRZKLFKWKH\ZLOOEHORDGHGSDUWLFXODUO\WRHQVXUHWKDWWKHVHVSDFHVDUHGU\

3HQHWUDWLRQRIWKHVHPDWHULDOVLQWRRWKHUFDUJRVSDFHVELOJHVZHOOVDQGEHWZHHQWKH FHLOLQJERDUGVVKDOOEHSUHYHQWHG

3DUWLFXODUDWWHQWLRQVKDOOEHSDLGWRWKHFOHDQLQJRIWKHFDUJRVSDFHVDIWHUXQORDGLQJ DVUHVLGXHVRIWKHVHFDUJRHVPD\EHKLJKO\FRUURVLYHWRWKHVKLS¶VVWUXFWXUH+RVLQJGRZQRIWKH FDUJRVSDFHVIROORZHGE\FDUHIXOGU\LQJVKDOOEHFRQVLGHUHG

Bilaga 1

06&$GG $11(; 3DJH

6HJUHJDWLRQ EHWZHHQ EXON PDWHULDOV SRVVHVVLQJ FKHPLFDO KD]DUGV DQG GDQJHURXV JRRGVLQSDFNDJHGIRUP

8QOHVV RWKHUZLVH UHTXLUHG LQ WKLV VHFWLRQ RU LQ WKH LQGLYLGXDO VFKHGXOHV VHJUHJDWLRQ EHWZHHQ VROLG EXON FDUJRHV RI *URXS % DQG GDQJHURXV JRRGV LQ SDFNDJHG IRUP VKDOO EH LQ DFFRUGDQFHZLWKWKHIROORZLQJWDEOH

7KH 'DQJHURXV *RRGV /LVW RI WKH ,0'* &RGH VKDOO EH FRQVXOWHG IRU DGGLWLRQDO UHTXLUHPHQWV ZLWKUHJDUGWRVWRZDJHDQGVHJUHJDWLRQRISDFNDJHGGDQJHURXVJRRGV

'DQJHURXVJRRGVLQSDFNDJHGIRUP

%XONFDUJRFODVVLILHGDV

GDQJHURXVJRRGV &ODVV GLYLVLRQ )ODPPDEOHVROLGV ; ; ; ; 6XEVWDQFHVOLDEOHWR ; ; VSRQWDQHRXVFRPEXVWLRQ 6XEVWDQFHVZKLFKLQ FRQWDFWZLWKZDWHUHPLW ; ; ; ; ; IODPPDEOHJDVHV 2[LGL]LQJVXEVWDQFHV ; ; ; DJHQWV 7R[LFVXEVWDQFHV ; ; ; ; ; ; ; ; ; ; 5DGLRDFWLYHPDWHULDOV ; ; ; &RUURVLYHVXEVWDQFHV ; ; ; ; 0LVFHOODQHRXVGDQJHURXV ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; VXEVWDQFHVDQGDUWLFOHV 0DWHULDOVKD]DUGRXVRQO\ 0+% ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; LQEXON0+%

Bilaga 1

06&$GG $11(; 3DJH

1XPEHUVUHODWHWRWKHIROORZLQJVHJUHJDWLRQWHUPV

³$ZD\IURP´ 3URKLELWHG VWRZDJH DUHD (IIHFWLYHO\VHJUHJDWHGVRWKDWLQFRPSDWLEOHPDWHULDOV P P FDQQRWLQWHUDFWGDQJHURXVO\LQWKHHYHQWRIDQDFFLGHQW EXWPD\EHFDUULHGLQWKHVDPHKROGRUFRPSDUWPHQWRU RQ GHFN SURYLGHG D PLQLPXP KRUL]RQWDO VHSDUDWLRQ RIPHWUHVSURMHFWHGYHUWLFDOO\LVSURYLGHG

³6HSDUDWHGIURP´

,QGLIIHUHQWKROGVZKHQVWRZHGXQGHUGHFN3URYLGHG DQ LQWHUYHQLQJ GHFN LV UHVLVWDQW WR ILUH DQG OLTXLG D YHUWLFDO VHSDUDWLRQ LH LQ GLIIHUHQW FRPSDUWPHQWV PD\EHDFFHSWHGDVHTXLYDOHQWWRWKLVVHJUHJDWLRQ

³6HSDUDWHGE\DFRPSOHWHFRPSDUWPHQWRUKROGIURP´

0HDQV HLWKHU D YHUWLFDO RU D KRUL]RQWDO VHSDUDWLRQ ,IWKHGHFNVDUHQRWUHVLVWDQWWRILUHDQGOLTXLGWKHQ RQO\DORQJLWXGLQDOVHSDUDWLRQLHE\DQLQWHUYHQLQJ FRPSOHWHFRPSDUWPHQWLVDFFHSWDEOH

³6HSDUDWHG ORQJLWXGLQDOO\ E\ DQ LQWHUYHQLQJ FRPSOHWHFRPSDUWPHQWRUKROGIURP´

9HUWLFDO VHSDUDWLRQ DORQH GRHV QRW PHHW WKLV UHTXLUHPHQW

; 6HJUHJDWLRQLIDQ\LVVKRZQLQWKH'DQJHURXV*RRGV/LVWRIWKH,0'*&RGHRU LQWKHLQGLYLGXDOVFKHGXOHVLQWKLV&RGH

/HJHQG

5HIHUHQFHEXONPDWHULDO

3DFNDJHVFRQWDLQLQJLQFRPSDWLEOHJRRGV

'HFNUHVLVWDQWWROLTXLGDQGILUH

127(9HUWLFDOOLQHVUHSUHVHQWWUDQVYHUVHZDWHUWLJKWEXONKHDGVEHWZHHQFDUJRVSDFHV

Bilaga 1

06&$GG $11(; 3DJH

6HJUHJDWLRQEHWZHHQVROLGEXONFDUJRHVSRVVHVVLQJFKHPLFDOKD]DUGV

8QOHVVRWKHUZLVHUHTXLUHGLQWKLVVHFWLRQRULQWKHLQGLYLGXDOVFKHGXOHVIRUFDUJRHVRI*URXS% VHJUHJDWLRQ EHWZHHQ VROLG EXON FDUJRHV SRVVHVVLQJ FKHPLFDO KD]DUGV VKDOO EH DFFRUGLQJ WR WKH IROORZLQJWDEOH

6ROLGEXONPDWHULDOV &ODVV 0+% GLYLVLRQ )ODPPDEOHVROLGV ; 6XEVWDQFHVOLDEOHWR ; VSRQWDQHRXVFRPEXVWLRQ 6XEVWDQFHVZKLFKLQFRQWDFW ZLWKZDWHUHPLWIODPPDEOH ; JDVHV 2[LGL]LQJVXEVWDQFHV ; 7R[LFVXEVWDQFHV ; ; ; ; 5DGLRDFWLYHPDWHULDOV ; &RUURVLYHVXEVWDQFHV ; ; 0LVFHOODQHRXVGDQJHURXV ; ; ; ; ; ; ; VXEVWDQFHVDQGDUWLFOHV 0DWHULDOVKD]DUGRXVRQO\LQ 0+% ; ; ; ; ; ; ; ; EXON0+%

1XPEHUVUHODWHWRWKHIROORZLQJVHJUHJDWLRQWHUPV

³6HSDUDWHGIURP´

,QGLIIHUHQWKROGVZKHQVWRZHGXQGHUGHFN3URYLGHG DQ LQWHUYHQLQJ GHFN LV UHVLVWDQW WR ILUH DQG OLTXLG D YHUWLFDO VHSDUDWLRQ LH LQ GLIIHUHQW FRPSDUWPHQWV PD\EHDFFHSWHGDVHTXLYDOHQWWRWKLVVHJUHJDWLRQ

³6HSDUDWHGE\DFRPSOHWHFRPSDUWPHQWRUKROGIURP´

(LWKHU D YHUWLFDO RU D KRUL]RQWDO VHSDUDWLRQ ,I WKH GHFNVDUHQRWUHVLVWDQWWRILUHDQGOLTXLGWKHQRQO\D ORQJLWXGLQDO VHSDUDWLRQ LH E\ DQ LQWHUYHQLQJ FRPSOHWHFRPSDUWPHQWLVDFFHSWDEOH

; 6HJUHJDWLRQLIDQ\LVVKRZQLQWKHLQGLYLGXDOVFKHGXOHVLQWKLV&RGH

Bilaga 1

06&$GG $11(; 3DJH

/HJHQG

5HIHUHQFHEXONPDWHULDO

,QFRPSDWLEOHEXONPDWHULDO

'HFNUHVLVWDQWWROLTXLGDQGILUH 127(9HUWLFDOOLQHVUHSUHVHQWWUDQVYHUVHZDWHUWLJKWEXONKHDGVEHWZHHQFDUJRVSDFHV

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

&DUULDJHRIVROLGZDVWHVLQEXON

3UHDPEOH

7KHWUDQVERXQGDU\PRYHPHQWRIZDVWHVUHSUHVHQWVDWKUHDWWRKXPDQKHDOWKDQGWRWKH HQYLURQPHQW

:DVWHVVKDOOEHFDUULHGLQDFFRUGDQFHZLWKWKHUHOHYDQWLQWHUQDWLRQDOUHFRPPHQGDWLRQV DQGFRQYHQWLRQVDQGLQSDUWLFXODUZKHUHLWFRQFHUQVWUDQVSRUWLQEXONE\VHDZLWKWKHSURYLVLRQV RIWKLV&RGH

'HILQLWLRQV

:DVWHV IRU WKH SXUSRVH RI WKLV VHFWLRQ PHDQV VROLG EXON FDUJRHV FRQWDLQLQJ RU FRQWDPLQDWHG ZLWK RQH RU PRUH FRQVWLWXHQWV ZKLFK DUH VXEMHFW WR WKH SURYLVLRQV RI WKLV &RGH DSSOLFDEOHWRFDUJRHVRIFODVVHVRUIRUZKLFKQRGLUHFWXVHLVHQYLVDJHG EXWZKLFKDUHFDUULHGIRUGXPSLQJLQFLQHUDWLRQRURWKHUPHWKRGVRIGLVSRVDO

7UDQVERXQGDU\ PRYHPHQW RI ZDVWH PHDQV DQ\ VKLSPHQW RI ZDVWHV IURP DQ DUHD XQGHU WKHQDWLRQDOMXULVGLFWLRQRIRQHFRXQWU\WRRUWKURXJKDQDUHDXQGHUWKHQDWLRQDOMXULVGLFWLRQRI DQRWKHU FRXQWU\ RU WR RU WKURXJK DQ DUHD QRW XQGHU WKH QDWLRQDO MXULVGLFWLRQ RI DQ\ FRXQWU\ SURYLGHGDWOHDVWWZRFRXQWULHVDUHLQYROYHGLQWKHPRYHPHQW

$SSOLFDELOLW\

7KHSURYLVLRQVRIWKLVVHFWLRQDUHDSSOLFDEOHWRWKHWUDQVSRUWRIZDVWHVLQEXONE\VKLSV DQGVKDOOEHFRQVLGHUHGLQFRQMXQFWLRQZLWKDOORWKHUSURYLVLRQVRIWKLV&RGH

6ROLGFDUJRHVFRQWDLQLQJRUFRQWDPLQDWHGZLWKUDGLRDFWLYHPDWHULDOVVKDOOEHVXEMHFWWR WKHSURYLVLRQVDSSOLFDEOHWRWKHWUDQVSRUWRIUDGLRDFWLYHPDWHULDOVDQGVKDOOQRWEHFRQVLGHUHGDV ZDVWHVIRUWKHSXUSRVHVRIWKLVVHFWLRQ

7UDQVERXQGDU\PRYHPHQWVXQGHUWKH%DVHO&RQYHQWLRQ

7UDQVERXQGDU\PRYHPHQWRIZDVWHVVKDOOEHSHUPLWWHGWRFRPPHQFHRQO\ZKHQ

QRWLILFDWLRQKDVEHHQVHQWE\WKHFRPSHWHQWDXWKRULW\RIWKHFRXQWU\RIRULJLQRU E\WKHJHQHUDWRURUH[SRUWHUWKURXJKWKHFKDQQHORIWKHFRPSHWHQWDXWKRULW\RIWKH FRXQWU\RIRULJLQWRWKHFRXQWU\RIILQDOGHVWLQDWLRQDQG

WKH FRPSHWHQW DXWKRULW\ RI WKH FRXQWU\ RI RULJLQ KDYLQJ UHFHLYHG WKH ZULWWHQ FRQVHQW RI WKH FRXQWU\ RI ILQDO GHVWLQDWLRQ VWDWLQJ WKDW WKH ZDVWHV ZLOO EH VDIHO\ LQFLQHUDWHGRUWUHDWHGE\RWKHUPHWKRGVRIGLVSRVDOKDVJLYHQDXWKRUL]DWLRQIRUWKH PRYHPHQW

%DVHO&RQYHQWLRQRQWKH&RQWURORI7UDQVERXQGDU\0RYHPHQWVRI+D]DUGRXV:DVWHVDQGWKHLU'LVSRVDO

Bilaga 1

06&$GG $11(; 3DJH

'RFXPHQWDWLRQ

,Q DGGLWLRQ WR WKH UHTXLUHG GRFXPHQWDWLRQ IRU WKH WUDQVSRUW RI VROLG EXON FDUJRHV DOO WUDQVERXQGDU\PRYHPHQWVRIZDVWHVVKDOOEHDFFRPSDQLHGE\DZDVWHPRYHPHQWGRFXPHQWIURP WKH SRLQW DW ZKLFK D WUDQVERXQGDU\ PRYHPHQW FRPPHQFHV WR WKH SRLQW RI GLVSRVDO 7KLV GRFXPHQWVKDOOEHDYDLODEOHDWDOOWLPHVWRWKHFRPSHWHQWDXWKRULWLHVDQGWRDOOSHUVRQVLQYROYHG LQWKHPDQDJHPHQWRIZDVWHWUDQVSRUWRSHUDWLRQV

&ODVVLILFDWLRQRIZDVWHV

$ ZDVWH FRQWDLQLQJ RQO\ RQH FRQVWLWXHQW ZKLFK LV D FDUJR VXEMHFW WR WKH SURYLVLRQV RI WKLV&RGHDSSOLFDEOHWRFDUJRHVRIFODVVHVRUVKDOOEHUHJDUGHGDVEHLQJ WKDWSDUWLFXODUFDUJR,IWKHFRQFHQWUDWLRQRIWKHFRQVWLWXHQWLVVXFKWKDWWKHZDVWHFRQWLQXHVWR SUHVHQWDKD]DUGLQKHUHQWLQWKHFRQVWLWXHQWLWVHOILWVKDOOEHFODVVLILHGDVWKHFODVVDSSOLFDEOHWR WKDWFRQVWLWXHQW

$ZDVWHFRQWDLQLQJWZRRUPRUHFRQVWLWXHQWVZKLFKDUHFDUJRHVVXEMHFWWRWKHSURYLVLRQV RIWKLV&RGHDSSOLFDEOHWRFDUJRHVRIFODVVHVRUVKDOOEHFODVVLILHGXQGHU WKHDSSOLFDEOHFODVVLQDFFRUGDQFHZLWKWKHLUGDQJHURXVFKDUDFWHULVWLFVDQGSURSHUWLHVDVGHVFULEHG LQDQG

7KHFODVVLILFDWLRQDFFRUGLQJWRGDQJHURXVFKDUDFWHULVWLFVDQGSURSHUWLHVVKDOOEHFDUULHG RXWDVIROORZV

GHWHUPLQDWLRQ RI WKH SK\VLFDO DQG FKHPLFDO FKDUDFWHULVWLFV DQG SK\VLRORJLFDO SURSHUWLHVE\PHDVXUHPHQWRUFDOFXODWLRQIROORZHGE\FODVVLILFDWLRQDFFRUGLQJWR WKHFULWHULDDSSOLFDEOHWRWKHFRQVWLWXHQWVRU

LIWKHGHWHUPLQDWLRQLVQRWSUDFWLFDEOHWKHZDVWHVKDOOEHFODVVLILHGDFFRUGLQJWR WKHFRQVWLWXHQWSUHVHQWLQJWKHSUHGRPLQDQWKD]DUG

,Q GHWHUPLQLQJ WKH SUHGRPLQDQW KD]DUG WKH IROORZLQJ FULWHULD VKDOO EH WDNHQ LQWR DFFRXQW

LI RQH RU PRUH FRQVWLWXHQWV IDOO ZLWKLQ D FHUWDLQ FODVV DQG WKH ZDVWH SUHVHQWV DKD]DUGLQKHUHQWLQWKHVHFRQVWLWXHQWVWKHZDVWHVKDOOEHLQFOXGHGLQWKDWFODVVRU

LIWKHUHDUHFRQVWLWXHQWVIDOOLQJXQGHUWZRRUPRUHFODVVHVWKHFODVVLILFDWLRQRIWKH ZDVWHVKDOOWDNHLQWRDFFRXQWWKHRUGHURISUHFHGHQFHDSSOLFDEOHWRFDUJRHVZLWK PXOWLSOHKD]DUGVVHWRXWLQWKH,0'*&RGH

6WRZDJHDQGKDQGOLQJRIZDVWHV

:DVWHVVKDOOEHVWRZHGDQGKDQGOHGLQDFFRUGDQFHZLWKWKHSURYLVLRQVRIVHFWLRQVWRRIWKLV &RGH DQG ZLWK DQ\ DGGLWLRQDO SURYLVLRQV LQFOXGHG LQ WKH LQGLYLGXDO VFKHGXOHV IRU FDUJRHV LQ *URXS%DSSOLFDEOHWRWKHFRQVWLWXHQWVSUHVHQWLQJWKHKD]DUGV

Bilaga 1

06&$GG $11(; 3DJH

6HJUHJDWLRQ

:DVWHVVKDOOEHVHJUHJDWHGLQDFFRUGDQFHZLWKWKHSURYLVLRQVRIDQGDVDSSURSULDWH

$FFLGHQWSURFHGXUHV

,QWKHHYHQWWKDWGXULQJWUDQVSRUWDZDVWHZLOOFRQVWLWXWHDGDQJHUIRUWKHFDUU\LQJVKLSRUWKH HQYLURQPHQWWKHPDVWHUVKDOOLPPHGLDWHO\LQIRUPWKHFRPSHWHQWDXWKRULWLHVRIWKHFRXQWULHVRI RULJLQDQGGHVWLQDWLRQDQGUHFHLYHDGYLFHRQWKHDFWLRQWREHWDNHQ

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

6HFXULW\SURYLVLRQV

,QWURGXFWRU\QRWH

7KHSURYLVLRQVRIWKLVVHFWLRQDGGUHVVWKHVHFXULW\RIEXONFDUJRHVLQWUDQVSRUWE\VHD,WVKRXOG EHERUQHLQPLQGWKDWVRPHVXEVWDQFHVVKLSSHGDVEXONFDUJRPD\WKURXJKWKHLULQWULQVLFQDWXUH RUZKHQVKLSSHGLQFRPELQDWLRQZLWKRWKHUVXEVWDQFHVEHXVHGDVFRQVWLWXHQWVIRURUHQKDQFH WKHHIIHFWRIZHDSRQVXVHGLQWKHFRPPLVVLRQRIXQODZIXODFWV,WVKRXOGDOVREHERUQHLQPLQG WKDW VKLSV XVHG WR FDUU\ EXON FDUJRHV PD\ DOVR EH XVHG DV D PHDQV WR WUDQVSRUW XQDXWKRUL]HG ZHDSRQV LQFHQGLDU\ GHYLFHV RU H[SORVLYHV LUUHVSHFWLYH RI WKH QDWXUH RI WKH FDUJR FDUULHG 1DWLRQDO FRPSHWHQW DXWKRULWLHV PD\ DSSO\ DGGLWLRQDO VHFXULW\ SURYLVLRQV ZKLFK VKRXOG EH FRQVLGHUHG ZKHQ RIIHULQJ RU WUDQVSRUWLQJ EXON FDUJRHV 7KH SURYLVLRQV RI WKLV FKDSWHU UHPDLQ UHFRPPHQGDWRU\H[FHSWVXEVHFWLRQ

*HQHUDOSURYLVLRQVIRUFRPSDQLHVVKLSVDQGSRUWIDFLOLWLHV

7KH UHOHYDQW SURYLVLRQV RI FKDSWHU;, RI 62/$6 DV DPHQGHG DQG RI SDUW$ RI WKH,636&RGHVKDOODSSO\WRFRPSDQLHVVKLSVDQGSRUWIDFLOLWLHVERWKHQJDJHGLQWKHKDQGOLQJ DQG WUDQVSRUW RI VROLG EXON FDUJRHV DQG WR ZKLFK UHJXODWLRQ;, RI 62/$6 DV DPHQGHG DSSOLHVWDNLQJLQWRDFFRXQWWKHJXLGDQFHJLYHQLQSDUW%RIWKH,636&RGH

'XHUHJDUGVKRXOGEHJLYHQWRWKHVHFXULW\UHODWHGSURYLVLRQVRIWKH,/2,02&RGHRI SUDFWLFHRQVHFXULW\LQSRUWVDQGWKH,0'*&RGHDVDSSURSULDWH

$Q\VKRUHEDVHGFRPSDQ\SHUVRQQHOVKLSEDVHGSHUVRQQHODQGSRUWIDFLOLW\SHUVRQQHO HQJDJHG LQ WKH KDQGOLQJ DQG WUDQVSRUW RI EXON FDUJRHV VKRXOG EH DZDUH RI DQ\ VHFXULW\ UHTXLUHPHQWV IRU VXFK FDUJRHV LQ DGGLWLRQ WR WKRVH VSHFLILHG LQ WKH ,636&RGH DQG FRPPHQVXUDWHZLWKWKHLUUHVSRQVLELOLWLHV

7KHWUDLQLQJRIWKHFRPSDQ\VHFXULW\RIILFHUVKRUHEDVHGFRPSDQ\SHUVRQQHOKDYLQJ VSHFLILFVHFXULW\GXWLHVSRUWIDFLOLW\VHFXULW\RIILFHUDQGSRUWIDFLOLW\SHUVRQQHOKDYLQJVSHFLILF GXWLHV HQJDJHG LQ WKH KDQGOLQJ DQG WUDQVSRUW RI EXON FDUJRHVVKRXOG DOVR LQFOXGH HOHPHQWV RI VHFXULW\ DZDUHQHVV UHODWHG WR WKH QDWXUH RI WKRVH FDUJRHV IRU H[DPSOH ZKHUH VXFK FDUJRHV DUH PDWHULDOVKD]DUGRXVRQO\LQEXON

$OO VKLSERDUG SHUVRQQHO DQG SRUW IDFLOLW\ SHUVRQQHO ZKR DUH QRW PHQWLRQHG LQ VXEVHFWLRQ DQG DUH HQJDJHG LQ WKH WUDQVSRUW RI EXON FDUJRHV VKRXOG EH IDPLOLDU ZLWK WKH SURYLVLRQV RI WKH UHOHYDQW VHFXULW\ SODQV UHODWHG WR WKRVH FDUJRHV FRPPHQVXUDWH ZLWK WKHLU UHVSRQVLELOLWLHV

*HQHUDOSURYLVLRQVIRUVKRUHVLGHSHUVRQQHO

)RU WKH SXUSRVH RI WKLV VXEVHFWLRQ VKRUHVLGH SHUVRQQHO FRYHUV LQGLYLGXDOV VXFK DV WKRVHZKR

Bilaga 1

06&$GG $11(; 3DJH

SUHSDUHWUDQVSRUWGRFXPHQWVIRUEXONFDUJRHV RIIHUEXONFDUJRHVIRUWUDQVSRUW DFFHSWEXONFDUJRHVIRUWUDQVSRUW KDQGOHEXONFDUJRHV SUHSDUHEXONFDUJRHV¶ORDGLQJVWRZDJHSODQV ORDGXQORDGEXONFDUJRHVLQWRIURPVKLSVDQG HQIRUFHRUVXUYH\RULQVSHFWIRUFRPSOLDQFHZLWKDSSOLFDEOHUXOHVDQGUHJXODWLRQVRU DUHRWKHUZLVHLQYROYHGLQWKHKDQGOLQJDQGWUDQVSRUWRIEXONFDUJRHVDVGHWHUPLQHGE\ WKHFRPSHWHQWDXWKRULW\

+RZHYHUWKHSURYLVLRQVRIVXEVHFWLRQGRQRWDSSO\WR

WKH FRPSDQ\ VHFXULW\ RIILFHU DQG DSSURSULDWH VKRUHEDVHG SHUVRQQHO PHQWLRQHG LQ VHFWLRQ$RIWKH,636&RGH WKH VKLS VHFXULW\ RIILFHU DQG WKH VKLSERDUG SHUVRQQHO PHQWLRQHG LQ VHFWLRQV$ DQG$RIWKH,636&RGHDQG WKH SRUW IDFLOLW\ VHFXULW\ RIILFHU WKH DSSURSULDWH SRUW IDFLOLW\ VHFXULW\ SHUVRQQHO DQG WKH SRUW IDFLOLW\ SHUVRQQHO KDYLQJ VSHFLILF VHFXULW\ GXWLHV PHQWLRQHG LQ VHFWLRQV$DQG$RIWKH,636&RGH

)RUWKHWUDLQLQJRIWKRVHRIILFHUVDQGSHUVRQQHOUHIHUWRWKH,636&RGH

6KRUHVLGH SHUVRQQHO HQJDJHG LQ WUDQVSRUW E\ VHD RI EXON FDUJRHV VKRXOG FRQVLGHU VHFXULW\SURYLVLRQVIRUWKHWUDQVSRUWRIEXONFDUJRHVFRPPHQVXUDWHZLWKWKHLUUHVSRQVLELOLWLHV

6HFXULW\WUDLQLQJ

7KH WUDLQLQJ RI VKRUHVLGH SHUVRQQHO VKRXOG DOVR LQFOXGH HOHPHQWV RI VHFXULW\ DZDUHQHVVWKHQHHGWRFRQWURODFFHVVWRFDUJRHVDQGVKLSVDQGJHQHUDOJXLGDQFHRQWKHW\SHVRI EXONFDUJRHVRIVHFXULW\VLJQLILFDQFH

6HFXULW\ DZDUHQHVV WUDLQLQJ VKRXOG DGGUHVV WKH QDWXUH RI VHFXULW\ ULVNV UHFRJQL]LQJ VHFXULW\ULVNVPHWKRGVWRDGGUHVVDQGUHGXFHULVNVDQGDFWLRQVWREHWDNHQLQWKHHYHQWRIDVHFXULW\ EUHDFK,WVKRXOGLQFOXGHDZDUHQHVVRIVHFXULW\SODQVLIDSSURSULDWHUHIHUWRVXEVHFWLRQ FRPPHQVXUDWHZLWKWKHUHVSRQVLELOLWLHVRILQGLYLGXDOVDQGWKHLUSDUWLQLPSOHPHQWLQJVHFXULW\SODQV

6XFKWUDLQLQJVKRXOGEHSURYLGHGRUYHULILHGXSRQHPSOR\PHQWLQDSRVLWLRQLQYROYLQJ WUDQVSRUWRIEXONFDUJRHVE\VHDDQGVKRXOGEHSHULRGLFDOO\VXSSOHPHQWHGZLWKUHWUDLQLQJ

5HFRUGVRIDOOVHFXULW\WUDLQLQJXQGHUWDNHQVKRXOGEHNHSWE\WKHHPSOR\HUDQGPDGH DYDLODEOHWRWKHHPSOR\HHLIUHTXHVWHG

3URYLVLRQVIRUKLJKFRQVHTXHQFHVROLGEXONFDUJRHV

)RU WKH SXUSRVHV RI WKLV VXEVHFWLRQ KLJK FRQVHTXHQFH VROLG EXON FDUJRHV ZLWK KLJK SRWHQWLDOVHFXULW\LPSOLFDWLRQVDUHWKRVHZKLFKKDYHWKHSRWHQWLDOIRUPLVXVHLQDQXQODZIXODFWDQG ZKLFKPD\DVDUHVXOWSURGXFHVHULRXVFRQVHTXHQFHVVXFKDVPDVVFDVXDOWLHVRUPDVVGHVWUXFWLRQ IRUH[DPSOH&ODVVDPPRQLXPQLWUDWH81DQGDPPRQLXPQLWUDWHIHUWLOL]HUV81

Bilaga 1

06&$GG $11(; 3DJH

7KH SURYLVLRQV RI WKLV VXEVHFWLRQ GR QRW DSSO\ WR VKLSV DQG WR SRUW IDFLOLWLHV VHHWKH,636&RGHIRUVKLSVHFXULW\SODQDQGIRUSRUWVHFXULW\SODQ

&RQVLJQRUV DQG RWKHUV HQJDJHG LQ WKH WUDQVSRUW RI VROLG EXON FDUJRHV ZLWK KLJK SRWHQWLDO VHFXULW\ LPSOLFDWLRQV VKRXOG DGRSW LPSOHPHQW DQG FRPSO\ ZLWK D VHFXULW\ SODQ WKDW DGGUHVVHVDWOHDVWWKHHOHPHQWVVSHFLILHGLQVXEVHFWLRQ

7KHVHFXULW\SODQVKRXOGFRPSULVHDWOHDVWWKHIROORZLQJHOHPHQWV

VSHFLILF DOORFDWLRQ RI UHVSRQVLELOLWLHV IRU VHFXULW\ WR FRPSHWHQW DQG TXDOLILHG SHUVRQVZLWKDSSURSULDWHDXWKRULW\WRFDUU\RXWWKHLUUHVSRQVLELOLWLHV

UHFRUGVRIEXONFDUJRHVZLWKKLJKSRWHQWLDOVHFXULW\LPSOLFDWLRQVRUW\SHVRIEXON FDUJRHVZLWKKLJKSRWHQWLDOVHFXULW\LPSOLFDWLRQVWUDQVSRUWHG

UHYLHZ RI FXUUHQW RSHUDWLRQV DQG DVVHVVPHQW RI YXOQHUDELOLWLHV LQFOXGLQJ LQWHUPRGDOWUDQVIHU WHPSRUDU\ WUDQVLW VWRUDJH KDQGOLQJ DQG GLVWULEXWLRQ DVDSSURSULDWH

FOHDU VWDWHPHQWV RI PHDVXUHV LQFOXGLQJ WUDLQLQJ SROLFLHV LQFOXGLQJ UHVSRQVH WR KLJKHUWKUHDWFRQGLWLRQVQHZHPSOR\HHHPSOR\PHQWYHULILFDWLRQHWFRSHUDWLQJ SUDFWLFHVHJFKRLFHXVHRIURXWHVZKHUHNQRZQFRQWURORIDFFHVVWRVKLSVEXON FDUJR VWRUDJH DQG ORDGLQJ DUHDV SUR[LPLW\ WR YXOQHUDEOH LQIUDVWUXFWXUH HWF HTXLSPHQWDQGUHVRXUFHVWKDWDUHWREHXVHGWRUHGXFHVHFXULW\ULVNV

HIIHFWLYHDQGXSWRGDWHSURFHGXUHVIRUUHSRUWLQJDQGGHDOLQJZLWKVHFXULW\WKUHDWV EUHDFKHVRIVHFXULW\RUVHFXULW\UHODWHGLQFLGHQWV

SURFHGXUHV IRU WKH HYDOXDWLRQ DQG WHVWLQJ RI VHFXULW\ SODQV DQG SURFHGXUHV IRU SHULRGLFUHYLHZDQGXSGDWHRIWKHSODQV

PHDVXUHVWRHQVXUHWKHVHFXULW\RIWUDQVSRUWLQIRUPDWLRQFRQWDLQHGLQWKHSODQDQG

PHDVXUHVWRHQVXUHWKDWWKHGLVWULEXWLRQRIWUDQVSRUWLQIRUPDWLRQLVOLPLWHGDVIDU DVSRVVLEOH

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

6WRZDJHIDFWRUFRQYHUVLRQWDEOHV

&XELFPHWUHVSHUPHWULFWRQQHWRFXELFIHHWSHUORQJWRQOENJ )DFWRUP W IW WRQURXQGHGWRWKHQHDUHVWKXQGUHGWKRIDIW WRQ P W

IW WRQ &XELF IHHW SHU ORQJ WRQ IW WRQ OE NJ WR FXELF PHWUHV SHU PHWULF WRQQH P WOENJ )DFWRUIW WRQ P WURXQGHGWRWKHQHDUHVWWHQWKRXVDQGWKRIDP W IW WRQ

P W 55

Bilaga 1

06&$GG $11(; 3DJH

6HFWLRQ

5HIHUHQFHVWRUHODWHGLQIRUPDWLRQDQGUHFRPPHQGDWLRQV

*HQHUDO

7KLVVHFWLRQOLVWVWKHUHIHUHQFHVWRWKH,02LQVWUXPHQWVUHOHYDQWWRWKHUHTXLUHPHQWVLQWKLV&RGH ,WVKRXOGEHQRWHGWKDWWKLVOLVWLQJLVQRWH[KDXVWLYH

5HIHUHQFHOLVW

7KHUHIHUHQFHVWRWKHVXEVHFWLRQVLQWKLV&RGHUHIHUHQFHVWRWKHUHOHYDQW,02LQVWUXPHQWVDQG VXEMHFWVDUHLQWKHIROORZLQJWDEOHV&ROXPQFRQWDLQVWKHUHIHUHQFHVWRWKHVXEVHFWLRQQXPEHUV LQ WKLV &RGH &ROXPQ FRQWDLQV WKH UHIHUHQFHV WR WKH UHOHYDQW ,02,QVWUXPHQWV &ROXPQ LGHQWLILHVWKHUHOHYDQWVXEMHFWV

5HIHUHQFHWRVXEVHFWLRQV 5HIHUHQFHWRWKHUHOHYDQW 6XEMHFW LQWKLV&RGH ,02LQVWUXPHQWV

'DQJHURXVJRRGVDQGFODVVLILFDWLRQ

,0'*&RGH62/$69,, &ODVVLILFDWLRQRIGDQJHURXVJRRGV 62/$69,,

6WDELOLW\

62/$6,, 6WDELOLW\LQIRUPDWLRQ 62/$69, 6WDELOLW\LQIRUPDWLRQ 62/$69, 6WDELOLW\LQIRUPDWLRQ 62/$69, /RDGLQJDQGWULPPLQJRIEXONFDUJRHV 62/$6;,, 6WDELOLW\LQIRUPDWLRQ

)LUHH[WLQJXLVKLQJDUUDQJHPHQWV

*HQHUDO 62/$6,, )LUHH[WLQJXLVKLQJDUUDQJHPHQWVLQFDUJRVSDFHV *URXS% *HQHUDO )66&RGHFKDSWHU )L[HGILUHGHWHFWLRQDQGILUHDODUPV\VWHPV *HQHUDO )66&RGHFKDSWHU 6DPSOHH[WUDFWLRQVPRNHGHWHFWLRQV\VWHPV *URXS% 62/$6,, 6SHFLDOUHTXLUHPHQWVIRUVKLSVFDUU\LQJGDQJHURXV JRRGV *URXS$% 06&&LUF /LVWRIVROLGEXONFDUJRHVIRUZKLFKDIL[HGJDV DQG& ILUHH[WLQJXLVKLQJV\VWHPPD\EHH[HPSWHG

$ UHIHUHQFH WR D SURYLVLRQ LQ WKH 62/$6 &RQYHQWLRQ LV JLYHQ LQ WKH IRUP FKDSWHUUHJXODWLRQ )RU H[DPSOH 62/$6UHJXODWLRQ,,PHDQVUHJXODWLRQLQFKDSWHU,,RIWKH&RQYHQWLRQ

Bilaga 1

06&$GG $11(; 3DJH

9HQWLODWLRQ

*HQHUDO ,QWHUQDWLRQDO&RQYHQWLRQRQ 9HQWLODWLRQRSHQLQJV *URXS% /RDG/LQHV$QQH[, UHJXODWLRQ *HQHUDO 62/$6,, 9HQWLODWLRQV\VWHPV *URXS% *HQHUDO 62/$6,, 9HQWLODWLRQIRUVKLSVFDUU\LQJGDQJHURXVJRRGV *URXS%

3HUVRQQHOSURWHFWLRQ

*HQHUDO ,02:+2,/20HGLFDO)LUVW$LG*XLGH )LUVWDLGPHDVXUHV *URXS% IRU8VHLQ$FFLGHQWV,QYROYLQJ'DQJHURXV *RRGV0)$* *HQHUDO 62/$6,,DQG)66&RGHFKDSWHU )LUHILJKWHU¶VRXWILWV *URXS% *HQHUDO 62/$6,,DQG)66&RGH 3URWHFWLYHFORWKLQJ *URXS% FKDSWHU *HQHUDO 62/$6,,DQG)66&RGH 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV *URXS% FKDSWHU

*DVGHWHFWLRQ

*HQHUDO 62/$69, 2[\JHQDQDO\VLVDQGJDVGHWHFWLRQHTXLSPHQW *HQHUDO 5HFRPPHQGDWLRQV RQ WKH VDIH *DVGHWHFWLRQHTXLSPHQWIRUIXPLJDWLRQ XVH RI SHVWLFLGHV LQ VKLSV DSSOLFDEOH WR WKH IXPLJDWLRQ RI FDUJRKROGV06&&LUF VHFWLRQ

0LQLPXPLQIRUPDWLRQGRFXPHQWDWLRQ

62/$6,, 'RFXPHQWRIFRPSOLDQFHIRUFDUULDJHRIGDQJHURXVJRRGV 62/$69, &DUJRLQIRUPDWLRQ 62/$6;,, 'HQVLW\RIEXONFDUJRHV 62/$6;,, &DUJRUHVWULFWLRQVDQGRWKHULQIRUPDWLRQ 62/$69, 6WDELOLW\DQGRWKHULQIRUPDWLRQRQVKLSV 62/$69,, 'RFXPHQWDWLRQIRUVROLGEXONGDQJHURXVJRRGV

,QVXODWLRQRIPDFKLQHU\VSDFHERXQGDULHV

*URXS% 62/$6,, 'HILQLWLRQVRI³$´³%´DQG³&´FODVVGLYLVLRQV *URXS% 62/$6,, )LUHLQWHJULW\RIEXONKHDGVDQGGHFNV *URXS% 62/$6,, ,QVXODWLRQUHTXLUHPHQW³$´

Bilaga 1

06&$GG $11(; 3DJH

)XPLJDWLRQ

5HFRPPHQGDWLRQV RQ WKH VDIH )XPLJDWLRQDSSOLFDWLRQRIIXPLJDWLRQ XVH RI SHVWLFLGHV LQ VKLSV IXPLJDQWVVDIHW\SUHFDXWLRQV DSSOLFDEOH WR WKH IXPLJDWLRQ RI FDUJRKROGV06&&LUF VHFWLRQ 62/$69, 8VHRISHVWLFLGHVLQVKLSV

6HJUHJDWLRQ

62/$69,, 6WRZDJHDQGVHJUHJDWLRQUHTXLUHPHQW ,0'*&RGHFKDSWHU 6HJUHJDWLRQEHWZHHQEXONPDWHULDOVSRVVHVVLQJ FKHPLFDOKD]DUGVDQGGDQJHURXVJRRGVLQ SDFNDJHGIRUP

7UDQVSRUWRIVROLGZDVWHVLQEXON

%DVHO&RQYHQWLRQRQWKH&RQWURORI 3HUPLWWHGWUDQVERXQGDU\ 7UDQVERXQGDU\0RYHPHQWVRI+D]DUGRXV PRYHPHQWRIZDVWHV :DVWHVDQGWKHLU'LVSRVDO ,0'*&RGHFKDSWHU &ODVVLILFDWLRQRIZDVWHV

(QWHULQJHQFORVHGVSDFHV

5HVROXWLRQ$ 5HFRPPHQGDWLRQVIRUHQWHULQJHQFORVHGVSDFHV 'HFHPEHU DERDUGVKLSV

$YRLGDQFHRIH[FHVVLYHVWUHVVHV

62/$6;,,DQG 6WUXFWXUDOVWUHQJWK 62/$6;,, /RDGLQJLQVWUXPHQW

Bilaga 1

06&$GG $11(; 3DJH

$33(1',;

,1',9,'8$/6&+('8/(62)62/,'%8/.&$5*2(6

Bilaga 1

06&$GG $11(; 3DJH

$/)$/)$

'(6&5,37,21

0DWHULDOGHULYHGIURPGULHGDOIDOIDJUDVV6KLSSHGLQWKHIRUPRIPHDOSHOOHWVHWF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

)LQHSRZGHU 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

06&$GG $11(; 3DJH

$/80,1$

'(6&5,37,21

$OXPLQD LV D ILQH ZKLWH RGRXUOHVV SRZGHU ZLWK OLWWOH RU QR PRLVWXUH ,QVROXEOH LQ RUJDQLF OLTXLGV0RLVWXUHFRQWHQWWR,IZHWDOXPLQDLVXQSXPSDEOH7KLVFDUJRLVLQVROXEOHLQ ZDWHU

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

)LQH3RZGHU 1RWDSSOLFDEOH &

+$=$5'

$OXPLQDGXVWLVYHU\DEUDVLYHDQGSHQHWUDWLQJ,UULWDWLQJWRH\HVDQGPXFRXVPHPEUDQHV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

%LOJH ZHOOV VKDOO EH FOHDQ GU\ DQG FRYHUHG DV DSSURSULDWH WR SUHYHQW LQJUHVV RI WKH FDUJR $SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQWRSURWHFWPDFKLQHU\DQGDFFRPPRGDWLRQVSDFHVIURPWKH GXVWRIWKHFDUJR%LOJHZHOOVRIWKHFDUJRVSDFHVVKDOOEHSURWHFWHGIURPLQJUHVVRIWKHFDUJR 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRSURWHFWHTXLSPHQWIURPWKHGXVWRIWKHFDUJR3HUVRQVZKR PD\ EH H[SRVHG WR WKH GXVW RI WKH FDUJR VKDOO ZHDU JRJJOHV RU RWKHU HTXLYDOHQW GXVW H\HSURWHFWLRQDQGGXVWILOWHUPDVNV7KRVHSHUVRQVVKDOOZHDUSURWHFWLYHFORWKLQJDVQHFHVVDU\

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

Bilaga 1

06&$GG $11(; 3DJH

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

7KHZDWHUXVHGIRUWKHFOHDQLQJRIWKHFDUJRVSDFHVDIWHUGLVFKDUJHRIWKLVFDUJRVKDOOQRWEH SXPSHG E\ WKH IL[HG ELOJH SXPSV $ SRUWDEOH SXPS VKDOO EH XVHG DV QHFHVVDU\ WR FOHDU WKH FDUJRVSDFHVRIWKHZDWHU

Bilaga 1

06&$GG $11(; 3DJH

$/80,1$&$/&,1('

'(6&5,37,21

/LJKWWRGDUNJUH\LQFRORXU1RPRLVWXUHFRQWHQW7KLVFDUJRLVLQVROXEOHLQZDWHU

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

6PDOOSDUWLFOHVDQGOXPSV 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

$SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQWRSURWHFWPDFKLQHU\DQGDFFRPPRGDWLRQVSDFHVIURPWKH GXVWRIWKHFDUJR%LOJHZHOOVRIWKHFDUJRVSDFHVVKDOOEHSURWHFWHGIURPLQJUHVVRIWKHFDUJR 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRSURWHFWHTXLSPHQWIURPWKHGXVWRIWKHFDUJR3HUVRQVZKR PD\ EH H[SRVHG WR WKH GXVW RI WKH FDUJR VKDOO ZHDU SURWHFWLYH FORWKLQJ JRJJOHV RU RWKHU HTXLYDOHQWGXVWH\HSURWHFWLRQDQGGXVWILOWHUPDVNVDVQHFHVVDU\

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

Bilaga 1

06&$GG $11(; 3DJH

&/($183

7KHZDWHUXVHGIRUWKHFOHDQLQJRIWKHFDUJRVSDFHVDIWHUGLVFKDUJHRIWKLVFDUJRVKDOOQRWEH SXPSHG E\ WKH IL[HG ELOJH SXPSV $ SRUWDEOH SXPS VKDOO EH XVHG DV QHFHVVDU\ WR FOHDU WKH FDUJRVSDFHVRIWKHZDWHU

Bilaga 1

06&$GG $11(; 3DJH

$/80,1$6,/,&$

'(6&5,37,21

:KLWHFRQVLVWVRIDOXPLQDDQGVLOLFDFU\VWDOV/RZPRLVWXUHFRQWHQWWR /XPSV &RDUVHJUDLQHGSRZGHU±7KLVFDUJRLVLQVROXEOHLQZDWHU

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

$/80,1$6,/,&$3HOOHWV

'(6&5,37,21

:KLWHWRRIIZKLWH1RPRLVWXUHFRQWHQW

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

/HQJWKPPWRPP 1RWDSSOLFDEOH & 'LDPHWHUPP

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

Bilaga 1

06&$GG $11(; 3DJH

$/80,1,80)(5526,/,&2132:'(581

'(6&5,37,21

)LQHSRZGHURUEULTXHWWHV

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 68%6,',$5< *5283 5,6.

1RWDSSOLFDEOH %

+$=$5'

,Q FRQWDFW ZLWK ZDWHU PD\ HYROYH K\GURJHQ D IODPPDEOH JDV ZKLFK PD\ IRUP DQ H[SORVLYH PL[WXUHLQDLU,PSXULWLHVPD\XQGHUVLPLODUFRQGLWLRQVSURGXFHSKRVSKLQHDQGDUVLQHZKLFK DUHKLJKO\WR[LFJDVHV

7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIVDQGDOOFODVVOLTXLGV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

3ULRUWRORDGLQJWKLVFDUJRDFHUWLILFDWHVKDOOEHSURYLGHGE\WKHPDQXIDFWXUHURUVKLSSHUVWDWLQJ WKDW WKH PDWHULDO ZDV VWRUHG XQGHU FRYHU EXW H[SRVHG WR WKH ZHDWKHU LQ WKH SDUWLFOH VL]H WR EH VKLSSHGIRUQRWOHVVWKDQGD\VSULRUWRVKLSPHQW7KHEXONKHDGVEHWZHHQWKHFDUJRVSDFHVDQG WKH HQJLQHURRP VKDOO EH JDVWLJKW DQG VKDOO EH LQVSHFWHG DQG DSSURYHG E\ WKH FRPSHWHQW DXWKRULW\'XULQJKDQGOLQJRIWKLVFDUJR³12602.,1*´VLJQVVKDOOEHSRVWHGRQGHFNVDQGLQ DUHDVDGMDFHQWWRFDUJRVSDFHVDQGQRQDNHGOLJKWVVKDOOEHSHUPLWWHGLQWKHVHDUHDV$WOHDVWWZR VHWV RI VHOIFRQWDLQHG EUHDWKLQJ DSSDUDWXV LQ DGGLWLRQ WR WKRVH UHTXLUHG E\ 62/$6 UHJXODWLRQ,,VKDOOEHSURYLGHGRQERDUG

Bilaga 1

06&$GG $11(; 3DJH

9(17,/$7,21

&RQWLQXRXV PHFKDQLFDO YHQWLODWLRQ VKDOO EH FRQGXFWHG GXULQJ WKH YR\DJH IRU WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR ,I PDLQWDLQLQJ YHQWLODWLRQ HQGDQJHUV WKH VKLS RU WKH FDUJR LW PD\ EH LQWHUUXSWHG XQOHVV WKHUH LV D ULVN RI H[SORVLRQ RU RWKHU GDQJHU GXH WR LQWHUUXSWLRQ RI WKH YHQWLODWLRQ,QDQ\FDVHPHFKDQLFDOYHQWLODWLRQVKDOOEHPDLQWDLQHGIRUDUHDVRQDEOHSHULRGSULRU WRGLVFKDUJH

&$55,$*(

)RUTXDQWLWDWLYHPHDVXUHPHQWVRIK\GURJHQSKRVSKLQHDQGDUVLQHDQGVLODQHVXLWDEOHGHWHFWRUV IRUHDFKJDVRUFRPELQDWLRQRIJDVHVVKDOOEHRQERDUGZKLOHWKLVFDUJRLVFDUULHG7KHGHWHFWRUV VKDOOEHRIFHUWLILHGVDIHW\SHIRUXVHLQH[SORVLYHDWPRVSKHUH7KHFRQFHQWUDWLRQVRIWKHVHJDVHV LQWKHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOEHPHDVXUHGUHJXODUO\GXULQJWKHYR\DJHDQGWKH UHVXOWVRIWKHPHDVXUHPHQWVVKDOOEHUHFRUGHGDQGNHSWRQERDUG

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

$IWHU GLVFKDUJH RI WKLV FDUJR WKH FDUJR VSDFHV VKDOO EH VZHSWFOHDQ WZLFH:DWHU VKDOO QRW EH XVHGIRUFOHDQLQJRIWKHFDUJRVSDFHZKLFKKDVFRQWDLQHGWKLVFDUJREHFDXVHRIGDQJHURIJDV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQDQGXVH&2 LIDYDLODEOH'RQRWXVHZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

Bilaga 1

06&$GG $11(; 3DJH

$/80,1,801,75$7(81

'(6&5,37,21

&RORXUOHVVRUZKLWHFU\VWDOV6ROXEOHLQZDWHU

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

,ILQYROYHGLQDILUHZLOOJUHDWO\LQWHQVLI\WKHEXUQLQJRIFRPEXVWLEOHPDWHULDOVDQG\LHOGWR[LF QLWURXVIXPHV$OWKRXJKQRQFRPEXVWLEOHPL[WXUHVZLWKFRPEXVWLEOHPDWHULDODUHHDVLO\LJQLWHG DQGPD\EXUQILHUFHO\

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVRYHUDOOVKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV 6SUD\QR]]OHV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

8VHFRSLRXVTXDQWLWLHVRIZDWHUZKLFKLVEHVWDSSOLHGLQWKHIRUPRIDVSUD\WRDYRLGGLVWXUELQJWKH VXUIDFHRIWKHPDWHULDO7KHPDWHULDOPD\IXVHRUPHOWLQZKLFKFRQGLWLRQDSSOLFDWLRQRIZDWHUPD\ UHVXOWLQH[WHQVLYHVFDWWHULQJRIWKHPROWHQPDWHULDOV([FOXVLRQRIDLURUWKHXVHRI&2 ZLOOQRWFRQWURO WKHILUH'XHFRQVLGHUDWLRQVKRXOGEHJLYHQWRWKHHIIHFWRQWKHVWDELOLW\RIWKHVKLSGXHWR DFFXPXODWHGZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

Bilaga 1

06&$GG $11(; 3DJH

$/80,1,806,/,&2132:'(581&2$7('81

'(6&5,37,21

3RZGHU

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

,Q FRQWDFW ZLWK ZDWHU PD\ HYROYH K\GURJHQ D IODPPDEOH JDV ZKLFK PD\ IRUP H[SORVLYH PL[WXUHVZLWKDLU,PSXULWLHVPD\XQGHUVLPLODUFLUFXPVWDQFHVSURGXFHSKRVSKLQHDQGDUVLQH ZKLFK DUH KLJKO\ WR[LF JDVHV 0D\ DOVR HYROYH VLODQHV ZKLFK DUH WR[LF DQG PD\ LJQLWH VSRQWDQHRXVO\

7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIVDQGDOOFODVVOLTXLGV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

7KLVFDUJRVKDOOEHNHSWDVGU\DVSUDFWLFDEOHEHIRUHORDGLQJGXULQJORDGLQJDQGGXULQJYR\DJH 7KLVFDUJRVKDOOQRWEHORDGHGGXULQJSUHFLSLWDWLRQ'XULQJORDGLQJRIWKLVFDUJRDOOQRQZRUNLQJ KDWFKHVRIWKHFDUJRVSDFHVWRZKLFKWKLVFDUJRLVORDGHGRUWREHORDGHGVKDOOEHFORVHG

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

3ULRUWRORDGLQJWKLVFDUJRDFHUWLILFDWHVKDOOEHSURYLGHGE\WKHPDQXIDFWXUHURUVKLSSHUVWDWLQJ WKDW WKH PDWHULDO ZDV VWRUHG XQGHU FRYHU EXW H[SRVHG WR WKH ZHDWKHU LQ WKH SDUWLFOH VL]H WR EH VKLSSHGIRUQRWOHVVWKDQGD\VSULRUWRVKLSPHQW7KHEXONKHDGVEHWZHHQWKHFDUJRVSDFHVDQG WKH HQJLQHURRP VKDOO EH JDVWLJKW DQG VKDOO EH LQVSHFWHG DQG DSSURYHG E\ WKH FRPSHWHQW DXWKRULW\'XULQJKDQGOLQJRIWKLVFDUJR³12602.,1*´VLJQVVKDOOEHSRVWHGRQGHFNVDQGLQ DUHDVDGMDFHQWWRFDUJRVSDFHVDQGQRQDNHGOLJKWVVKDOOEHSHUPLWWHGLQWKHVHDUHDV7KLVFDUJR VKDOO EH ORDGHG LQ FDUJR VSDFHV ILWWHG ZLWK PHFKDQLFDO YHQWLODWLRQ KDYLQJ DW OHDVW WZR VHSDUDWH IDQV7KHWRWDOYHQWLODWLRQVKDOOEHDWOHDVWVL[DLUFKDQJHVSHUKRXUEDVHGRQWKHHPSW\VSDFH $WOHDVWWZRVHWVRIVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXVLQDGGLWLRQWRWKRVHUHTXLUHGE\62/$6 UHJXODWLRQ,,VKDOOEHSURYLGHGRQERDUG

Bilaga 1

06&$GG $11(; 3DJH

9(17,/$7,21

&$55,$*(

)RUTXDQWLWDWLYHPHDVXUHPHQWVRIK\GURJHQSKRVSKLQHDUVLQHVXLWDEOHGHWHFWRUVIRUHDFKJDVRU FRPELQDWLRQ RI JDVHV VKDOO EH RQ ERDUG ZKLOH WKLV FDUJR LV FDUULHG 7KH GHWHFWRUV VKDOO EH RI FHUWLILHG VDIH W\SH IRU XVH LQ H[SORVLYH DWPRVSKHUH 7KH FRQFHQWUDWLRQV RI WKHVH JDVHV LQ WKH FDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOEHPHDVXUHGUHJXODUO\GXULQJWKHYR\DJHDQGWKHUHVXOWV RIWKHPHDVXUHPHQWVVKDOOEHUHFRUGHGDQGNHSWRQERDUG

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

$IWHUGLVFKDUJHRIWKLVFDUJRWKHFDUJRVSDFHVVKDOOEHVZHSWFOHDQWZLFH :DWHUVKDOOQRWEHXVHGIRUFOHDQLQJRIWKHFDUJRVSDFHZKLFKKDVFRQWDLQHGWKLVFDUJREHFDXVH RIGDQJHURIJDV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQDQGXVH&2 LIDYDLODEOH'RQRWXVHZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

Bilaga 1

06&$GG $11(; 3DJH

$/80,1,8060(/7,1%<352'8&76RU $/80,1,805(0(/7,1%<352'8&7681

'(6&5,37,21

$OXPLQLXPVPHOWLQJE\SURGXFWVDUHZDVWHVIURPWKHDOXPLQLXPPDQXIDFWXULQJSURFHVV*UH\ RU EODFN SRZGHU RU OXPSV ZLWK VRPH PHWDOOLF LQFOXVLRQV 7KH WHUP HQFRPSDVVHV YDULRXV GLIIHUHQWZDVWHPDWHULDOVZKLFKLQFOXGHEXWDUHQRWOLPLWHGWR

$/80,1,80'5266 63(17&$7+2'(6 $/80,1,806$/76/$6 63(17327/,1(5 $/80,1,806.,00,16

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

&RQWDFWZLWKZDWHUPD\FDXVHKHDWLQJZLWKSRVVLEOHHYROXWLRQRIIODPPDEOHDQGWR[LFJDVHVVXFK DVK\GURJHQDPPRQLDDQGDFHW\OHQH 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN )LUHLVXQOLNHO\EXWPD\IROORZDQH[SORVLRQRIIODPPDEOHJDVDQGZLOOEHGLIILFXOWWRH[WLQJXLVK ,QSRUWIORRGLQJPD\EHFRQVLGHUHGEXWGXHFRQVLGHUDWLRQVKRXOGEHJLYHQWRVWDELOLW\

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIVDQGDOOFODVVOLTXLGV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

Bilaga 1

06&$GG $11(; 3DJH

35(&$87,216

3ULRUWRORDGLQJWKLVFDUJRDFHUWLILFDWHVKDOOEHSURYLGHGE\WKHPDQXIDFWXUHURUVKLSSHUVWDWLQJ WKDWDIWHUPDQXIDFWXUHWKHPDWHULDOZDVVWRUHGXQGHUFRYHUEXWH[SRVHGWRWKHZHDWKHULQWKH SDUWLFOHVL]HWREHVKLSSHGIRUQRWOHVVWKDQGD\VSULRUWRVKLSPHQW:KLOVWWKHVKLSLVDORQJVLGH DQGWKHKDWFKHVRIWKHFDUJRVSDFHVFRQWDLQLQJWKLVFDUJRDUHFORVHGWKHPHFKDQLFDOYHQWLODWLRQ VKDOO EH RSHUDWHG FRQWLQXRXVO\ DV ZHDWKHU SHUPLWV 'XULQJ KDQGOLQJ RI WKLV FDUJR ³12 602.,1*´VLJQVVKDOOEHSRVWHGRQGHFNVDQGLQDUHDVDGMDFHQWWRFDUJRVSDFHVDQGQRQDNHG OLJKWV VKDOO EH SHUPLWWHG LQ WKHVH DUHDV $W OHDVW WZR VHOIFRQWDLQHG EUHDWKLQJ DSSDUDWXV LQ DGGLWLRQ WR WKRVH UHTXLUHG E\ 62/$6 UHJXODWLRQ ,, VKDOO EH SURYLGHG RQ ERDUG %XONKHDGVEHWZHHQWKHFDUJRVSDFHVDQGWKHHQJLQHURRPVKDOOEHJDVWLJKW,QDGYHUWHQWSXPSLQJ WKURXJKPDFKLQHU\VSDFHVVKDOOEHDYRLGHG

9(17,/$7,21

&$55,$*(

)RUTXDQWLWDWLYHPHDVXUHPHQWVRIK\GURJHQDPPRQLDDQGDFHW\OHQHVXLWDEOHGHWHFWRUVIRUHDFK JDVRUFRPELQDWLRQRIJDVHVVKDOOEHRQERDUGZKLOHWKLVFDUJRLVFDUULHG7KHGHWHFWRUVVKDOOEH RIFHUWLILHGVDIHW\SHIRUXVHLQH[SORVLYHDWPRVSKHUH7KHFRQFHQWUDWLRQVRIWKHVHJDVHVLQWKH FDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOEHPHDVXUHGUHJXODUO\GXULQJYR\DJHDQGWKHUHVXOWVRI WKHPHDVXUHPHQWVVKDOOEHUHFRUGHGDQGNHSWRQERDUG

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

:DWHUVKDOOQRWEHXVHGIRUFOHDQLQJRIWKHFDUJRVSDFHZKLFKKDVFRQWDLQHGWKLVFDUJREHFDXVH RIGDQJHURIJDV

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQDQGXVH&2 LIDYDLODEOH'RQRWXVHZDWHU,IWKLVSURYHVLQHIIHFWLYH HQGHDYRXUWRVWRSILUHIURPVSUHDGLQJDQGKHDGIRUWKHQHDUHVWVXLWDEOHSRUW

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

Bilaga 1

06&$GG $11(; 3DJH

$0021,801,75$7(81

ZLWKQRWPRUHWKDQWRWDOFRPEXVWLEOHPDWHULDOLQFOXGLQJDQ\RUJDQLFVXEVWDQFHFDOFXODWHG DVFDUERQWRWKHH[FOXVLRQRIDQ\RWKHUDGGHGVXEVWDQFH

'(6&5,37,21

:KLWHFU\VWDOVSULOOVRUJUDQXOHV:KROO\RUSDUWO\VROXEOHLQZDWHU6XSSRUWHURIFRPEXVWLRQ +\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

R R WR

6,=( &/$66 *5283

WRPP %

+$=$5'

$PDMRUILUHDERDUGDVKLSFDUU\LQJWKHVHPDWHULDOVPD\LQYROYHDULVNRIH[SORVLRQLQWKHHYHQW RI FRQWDPLQDWLRQ HJ E\ IXHO RLO RU VWURQJ FRQILQHPHQW $Q DGMDFHQW GHWRQDWLRQ PD\ DOVR LQYROYHDULVNRIH[SORVLRQ,IKHDWHGVWURQJO\WKLVFDUJRGHFRPSRVHVJLYLQJRIIWR[LFJDVHVDQG JDVHVZKLFKVXSSRUWFRPEXVWLRQ $PPRQLXPQLWUDWHGXVWPLJKWEHLUULWDWLQJWRVNLQDQGPXFRXVPHPEUDQHV 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW

672:$( 6(5(*$7,21

7KHUHVKRXOGEHQRVRXUFHVRIKHDWRULJQLWLRQLQWKHFDUJRVSDFH ³6HSDUDWHG E\ D FRPSOHWH FRPSDUWPHQW RU KROG IURP´ FRPEXVWLEOH PDWHULDOV SDUWLFXODUO\ OLTXLGV FKORUDWHV FKORULGHV FKORULWHV K\SRFKORULWHV QLWULWHV SHUPDQJDQDWHV DQG ILEURXV PDWHULDOVHJFRWWRQMXWHVLVDOHWF ³6HSDUDWHGIURP´DOORWKHUJRRGV ,I WKH EXONKHDG EHWZHHQ WKH FDUJR VSDFH DQG WKH HQJLQHURRP LV QRW LQVXODWHG WR FODVV $ VWDQGDUGWKLVFDUJRVKDOOEHVWRZHG³DZD\IURP´WKHEXONKHDG

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

Bilaga 1

06&$GG $11(; 3DJH

3ULRUWRORDGLQJWKHIROORZLQJSURYLVLRQVVKDOOEHFRPSOLHGZLWK

z 7KLVFDUJRVKDOOQRWEHDFFHSWHGIRUORDGLQJZKHQWKHWHPSHUDWXUHRIWKHFDUJRLVDERYH& z 3ULRUWRORDGLQJWKHVKLSSHUVKDOOSURYLGHWKHPDVWHUZLWKDFHUWLILFDWHVLJQHGE\WKHVKLSSHU VWDWLQJ WKDW DOO WKH UHOHYDQW FRQGLWLRQV RI WKH FDUJR UHTXLUHG E\ WKLV &RGH LQFOXGLQJ WKLV LQGLYLGXDOVFKHGXOHKDYHEHHQPHW z 7KHIXHOWDQNVVLWXDWHGXQGHUWKHFDUJRVSDFHVWREHXVHGIRUWKHWUDQVSRUWRIWKLVFDUJRVKDOO EHSUHVVXUHWHVWHGWRHQVXUHWKDWWKHUHLVQROHDNDJHRIPDQKROHVDQGSLSLQJV\VWHPVOHDGLQJ WRWKHWDQNV z $OO HOHFWULFDO HTXLSPHQW RWKHU WKDQ WKRVH RI DSSURYHG LQWULQVLFDOO\ VDIH W\SH LQ WKH FDUJR VSDFHVWREHXVHGIRUWKLVFDUJRVKDOOEHHOHFWULFDOO\GLVFRQQHFWHGIURPWKHSRZHUVRXUFHE\ DSSURSULDWHPHDQVRWKHUWKDQDIXVHDWDSRLQWH[WHUQDOWRWKHVSDFH7KLVVLWXDWLRQVKDOOEH PDLQWDLQHGZKLOHWKHFDUJRLVRQERDUG z 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRWKHSRVVLEOHQHHGWRRSHQKDWFKHVLQFDVHRIILUHWRSURYLGH PD[LPXP YHQWLODWLRQ DQG WR DSSO\ ZDWHU LQ DQ HPHUJHQF\ DQG WKH FRQVHTXHQW ULVN WR WKH VWDELOLW\RIWKHVKLSWKURXJKIOXLGL]DWLRQRIWKHFDUJR

'XULQJORDGLQJWKHIROORZLQJSURYLVLRQVVKDOOEHFRPSOLHGZLWK

z 6PRNLQJVKDOOQRWEHDOORZHGRQGHFNDQGLQWKHFDUJRVSDFHVDQG³12602.,1*´VLJQV VKDOOEHGLVSOD\HGZKLOHWKLVFDUJRLVRQERDUG z %XQNHULQJ RI IXHO RLO VKDOO QRW EH DOORZHG 3XPSLQJ RI IXHO RLO LQ VSDFHV DGMDFHQW WR WKH FDUJRVSDFHVIRUWKLVFDUJRRWKHUWKDQWKHHQJLQHURRPVKDOOQRWEHDOORZHG z $VIDUDVUHDVRQDEO\SUDFWLFDEOHFRPEXVWLEOHVHFXULQJDQGSURWHFWLQJPDWHULDOVVKDOOQRWEH XVHG:KHQZRRGHQGXQQDJHLVQHFHVVDU\RQO\DPLQLPXPVKDOOEHXVHG

35(&$87,216

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³12602.,1*´VLJQVVKDOOEHGLVSOD\HGRQ GHFNZKHQHYHUWKLVFDUJRLVRQERDUG7KHKDWFKHVRIWKHFDUJRVSDFHVZKHQHYHUWKLVPDWHULDOLV RQERDUGVKDOOEHNHSWIUHHWREHFDSDEOHRIEHLQJRSHQHGLQFDVHRIDQHPHUJHQF\:KHQWKH EXONKHDGEHWZHHQWKHFDUJRVSDFHDQGWKHHQJLQHURRPLVQRWLQVXODWHGWRFODVV$VWDQGDUG WKLV FDUJR VKDOO QRW EH DFFHSWHG IRU ORDGLQJ XQOHVV WKH FRPSHWHQW DXWKRULW\ DSSURYHV WKDW WKH DUUDQJHPHQWLVHTXLYDOHQW

5HIHUHQFHLVPDGHLQVHFWLRQRI$SSHQGL[WRWKLV&RGH

Bilaga 1

06&$GG $11(; 3DJH

$SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQWRSURWHFWPDFKLQHU\DQGDFFRPPRGDWLRQVSDFHVIURPWKH GXVWRIWKHFDUJR%LOJHZHOOVRIWKHFDUJRVSDFHVVKDOOEHSURWHFWHGIURPLQJUHVVRIWKHFDUJR 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRSURWHFWHTXLSPHQWIURPWKHGXVWRIWKHFDUJR3HUVRQVZKR PD\ EH H[SRVHG WR WKH GXVW RI WKH FDUJR VKDOO ZHDU JRJJOHV RU RWKHU HTXLYDOHQW GXVW H\HSURWHFWLRQDQGGXVWILOWHUPDVNV7KRVHSHUVRQVVKDOOZHDUSURWHFWLYHFORWKLQJDVQHFHVVDU\

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

+DWFKHV RI WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH ZHDWKHUWLJKW WR SUHYHQW WKH LQJUHVV RI ZDWHU

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\ %XQNHULQJRUSXPSLQJRIIXHORLOVKDOOQRWEHDOORZHG

&/($183

$IWHU GLVFKDUJH RI WKLV FDUJR WKH ELOJH ZHOOV DQG WKH VFXSSHUV RI WKH FDUJR VSDFHV VKDOO EH FKHFNHGDQGDQ\EORFNDJHLQWKHELOJHZHOOVDQGWKHVFXSSHUVVKDOOEHUHPRYHG

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJERRWVJORYHVFRYHUDOOVDQGKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

)LUHLQDFDUJRVSDFHFRQWDLQLQJWKLVPDWHULDO2SHQKDWFKHVWRSURYLGHPD[LPXPYHQWLODWLRQ6KLS¶V IL[HGJDVILUHH[WLQJXLVKLQJZLOOEHLQDGHTXDWH8VHFRSLRXVTXDQWLWLHVRIZDWHU)ORRGLQJRIWKHFDUJR VSDFHPD\EHFRQVLGHUHGEXWGXHFRQVLGHUDWLRQVKRXOGEHJLYHQWRVWDELOLW\

)LUHLQDQDGMDFHQWFDUJRVSDFH2SHQKDWFKHVWRSURYLGHPD[LPXPYHQWLODWLRQ+HDWWUDQVIHUUHG IURPILUHLQDQDGMDFHQWVSDFHFDQFDXVHWKHPDWHULDOWRGHFRPSRVHZLWKFRQVHTXHQWHYROXWLRQ RIWR[LFIXPHV'LYLGLQJEXONKHDGVVKRXOGEHFRROHG

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

Bilaga 1

06&$GG $11(; 3DJH

$0021,801,75$7(%$6(')(57,/,=(581

'(6&5,37,21

&U\VWDOVJUDQXOHVRUSULOOV:KROO\RUSDUWO\VROXEOHLQZDWHU+\JURVFRSLF $PPRQLXP QLWUDWHEDVHG IHUWLOL]HUV FODVVLILHG DV 81 DUH XQLIRUP PL[WXUHV FRQWDLQLQJ DPPRQLXPQLWUDWHDVWKHPDLQLQJUHGLHQWZLWKLQWKHIROORZLQJFRPSRVLWLRQOLPLWV

QRW OHVV WKDQ DPPRQLXP QLWUDWH ZLWK QRW PRUH WKDQ WRWDO FRPEXVWLEOHRUJDQLFPDWHULDOFDOFXODWHGDVFDUERQDQGZLWKDGGHGPDWWHULIDQ\ ZKLFKLVLQRUJDQLFDQGLQHUWWRZDUGVDPPRQLXPQLWUDWHRU

OHVV WKDQ EXW PRUH WKDQ DPPRQLXP QLWUDWH ZLWK RWKHU LQRUJDQLF PDWHULDOV RU PRUH WKDQ EXW OHVV WKDQ DPPRQLXP QLWUDWH PL[HG ZLWK FDOFLXP FDUERQDWH DQGRU GRORPLWH DQG QRW PRUH WKDQ WRWDO FRPEXVWLEOHRUJDQLFPDWHULDOFDOFXODWHGDVFDUERQRU

DPPRQLXPQLWUDWHEDVHGIHUWLOL]HUVFRQWDLQLQJPL[WXUHVRIDPPRQLXPQLWUDWHDQG DPPRQLXP VXOSKDWH ZLWK PRUH WKDQ EXW OHVV WKDQ DPPRQLXP QLWUDWH DQG QRW PRUH WKDQ WRWDO FRPEXVWLEOHRUJDQLF PDWHULDO FDOFXODWHG DV FDUERQ VXFK WKDW WKH VXP RI WKH SHUFHQWDJH FRPSRVLWLRQV RI DPPRQLXP QLWUDWH DQG DPPRQLXPVXOSKDWHH[FHHGV

1RWHV

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

WR WR WR

6,=( &/$66 *5283

WRPP %

+$=$5'

6XSSRUWVFRPEXVWLRQ$PDMRUILUHDERDUGDVKLSFDUU\LQJWKHVHVXEVWDQFHVPD\LQYROYHDULVNRI H[SORVLRQLQWKHHYHQWRIFRQWDPLQDWLRQHJE\IXHORLORUVWURQJFRQILQHPHQW$QDGMDFHQW GHWRQDWLRQPD\LQYROYHDULVNRIH[SORVLRQ ,IKHDWHGVWURQJO\GHFRPSRVHVULVNRIWR[LFIXPHVDQGJDVHVZKLFKVXSSRUWFRPEXVWLRQLQWKH FDUJRVSDFHDQGRQGHFN )HUWLOL]HUGXVWPLJKWEHLUULWDWLQJWRVNLQDQGPXFRXVPHPEUDQHV 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW ,?06&??$GGGRF

Bilaga 1

06&$GG $11(; 3DJH

672:$( 6(5(*$7,21

³6HSDUDWHGE\DFRPSOHWHFRPSDUWPHQWRUKROGIURP´FRPEXVWLEOHPDWHULDOVSDUWLFXODUO\OLTXLG EURPDWHV FKORUDWHV FKORULWHV K\SRFKORULWHV QLWULWHV SHUFKORUDWHV SHUPDQJDQDWHV SRZGHUHG PHWDOVDQGYHJHWDEOHILEUHVHJFRWWRQMXWHVLVDOHWF ³6HSDUDWHGIURP´DOORWKHUJRRGV ³6HSDUDWHGIURP´VRXUFHVRIKHDWRULJQLWLRQVHHDOVR/RDGLQJ 1RWWREHVWRZHGLPPHGLDWHO\DGMDFHQWWRDQ\WDQNRUGRXEOHERWWRPFRQWDLQLQJIXHORLOKHDWHGWR PRUHWKDQ& ,I WKH EXONKHDG EHWZHHQ WKH FDUJR VSDFH DQG WKH HQJLQHURRP LV QRW LQVXODWHG WR FODVV $ VWDQGDUGWKLVFDUJRVKDOOEHVWRZHG³DZD\IURP´WKHEXONKHDG

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

3ULRUWRORDGLQJWKHIROORZLQJSURYLVLRQVVKDOOEHFRPSOLHGZLWK

'XULQJORDGLQJWKHIROORZLQJSURYLVLRQVVKDOOEHFRPSOLHGZLWK

%XQNHULQJRIIXHORLOVKDOOQRWEHDOORZHG3XPSLQJRIIXHORLOLQVSDFHVDGMDFHQWWRWKH FDUJRVSDFHVIRUWKLVFDUJRRWKHUWKDQWKHHQJLQHURRPVKDOOQRWEHDOORZHG

z $VIDUDVUHDVRQDEO\SUDFWLFDEOHFRPEXVWLEOHVHFXULQJDQGSURWHFWLQJPDWHULDOVVKDOO QRWEHXVHG:KHQZRRGHQGXQQDJHLVQHFHVVDU\RQO\DPLQLPXPVKDOOEHXVHG

Bilaga 1

06&$GG $11(; 3DJH

35(&$87,216

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³12602.,1*´VLJQVVKDOOEHGLVSOD\HGRQGHFNZKHQHYHU WKLVFDUJRLVRQERDUG3UHFDXWLRQVVKDOOEHWDNHQWRDYRLGWKHSHQHWUDWLRQRIWKLVFDUJRLQWRRWKHU FDUJRVSDFHVELOJHVDQGRWKHUHQFORVHGVSDFHV7KHKDWFKHVRIWKHFDUJRVSDFHVZKHQHYHUWKLV PDWHULDOLVRQERDUGVKDOOEHNHSWIUHHWREHFDSDEOHRIEHLQJRSHQHGLQFDVHRIDQHPHUJHQF\

$SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQWRSURWHFWPDFKLQHU\DQGDFFRPPRGDWLRQVSDFHVIURPWKH GXVWRIWKHFDUJR%LOJHZHOOVRIWKHFDUJRVSDFHVVKDOOEHSURWHFWHGIURPLQJUHVVRIWKHFDUJR 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRSURWHFWHTXLSPHQWIURPWKHGXVWRIWKHFDUJR3HUVRQVZKR PD\ EH H[SRVHG WR WKH GXVW RI WKH FDUJR VKDOO ZHDU JRJJOHV RU RWKHU HTXLYDOHQW GXVW H\HSURWHFWLRQDQGGXVWILOWHUPDVNV7KRVHSHUVRQVVKDOOZHDUSURWHFWLYHFORWKLQJDVQHFHVVDU\

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

+DWFKHV RI WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH ZHDWKHUWLJKW WR SUHYHQW WKH LQJUHVV RI ZDWHU7KHWHPSHUDWXUHRIWKLVFDUJRVKDOOEHPRQLWRUHGDQGUHFRUGHGGDLO\GXULQJWKHYR\DJHWR GHWHFWGHFRPSRVLWLRQUHVXOWLQJLQVSRQWDQHRXVKHDWLQJDQGR[\JHQGHSOHWLRQ

',6&+$5*(

%XQNHULQJ RU SXPSLQJ RI IXHO RLO VKDOO QRW EH DOORZHG ,I WKLV FDUJR KDV KDUGHQHG LW VKDOO EH WULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

$IWHU GLVFKDUJH RI WKLV FDUJR WKH ELOJH ZHOOV DQG WKH VFXSSHUV RI WKH FDUJR VSDFHV VKDOO EH FKHFNHGDQGDQ\EORFNDJHLQWKHELOJHZHOOVDQGWKHVFXSSHUVVKDOOEHUHPRYHG

5HIHUHQFHLVPDGHLQVHFWLRQRIDSSHQGL[WRWKLV&RGH

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJERRWVJORYHVFRYHUDOOVDQGKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

)LUHLQDFDUJRVSDFHFRQWDLQLQJWKLVPDWHULDO2SHQKDWFKHVWRSURYLGHPD[LPXPYHQWLODWLRQ6KLS¶V IL[HGILUHILJKWLQJLQVWDOODWLRQZLOOEHLQDGHTXDWH8VHFRSLRXVTXDQWLWLHVRIZDWHU)ORRGLQJRIWKHFDUJR VSDFHPD\EHFRQVLGHUHGEXWGXHFRQVLGHUDWLRQVKRXOGEHJLYHQWRVWDELOLW\ )LUHLQDQDGMDFHQWFDUJRVSDFH2SHQKDWFKHVWRSURYLGHPD[LPXPYHQWLODWLRQ+HDWWUDQVIHUUHGIURP ILUHLQDQDGMDFHQWVSDFHFDQFDXVHWKHPDWHULDOWRGHFRPSRVHZLWKFRQVHTXHQWHYROXWLRQRIWR[LFIXPHV 'LYLGLQJEXONKHDGVVKRXOGEHFRROHG

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

Bilaga 1

06&$GG $11(; 3DJH

$0021,801,75$7(%$6(')(57,/,=(581

'(6&5,37,21

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

1RWHV

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

WR WR WR

6,=( &/$66 *5283

WRPP %

+$=$5'

7KHVHPL[WXUHVPD\EHVXEMHFWWRVHOIVXVWDLQLQJGHFRPSRVLWLRQLIKHDWHG7KHWHPSHUDWXUHLQ VXFK D UHDFWLRQ FDQ UHDFK & 'HFRPSRVLWLRQ RQFH LQLWLDWHG PD\ VSUHDG WKURXJKRXW WKH UHPDLQGHUSURGXFLQJJDVHVZKLFKDUHWR[LF1RQHRIWKHVHPL[WXUHVLVVXEMHFWWRWKHH[SORVLRQ KD]DUG )HUWLOL]HUGXVWPLJKWEHLUULWDWLQJWRVNLQDQGPXFRXVPHPEUDQHV 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW

672:$( 6(5(*$7,21

Bilaga 1

06&$GG $11(; 3DJH

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

3ULRUWRORDGLQJWKHIROORZLQJSURYLVLRQVVKDOOEHFRPSOLHGZLWK

z $OO HOHFWULFDO HTXLSPHQW RWKHU WKDQ WKDW RI DSSURYHG LQWULQVLFDOO\ VDIH W\SH LQ WKH FDUJR VSDFHVWREHXVHGIRUWKLVFDUJRVKDOOEHHOHFWULFDOO\GLVFRQQHFWHGIURPWKHSRZHUVRXUFHE\ DSSURSULDWH PHDQV RWKHU WKDQ IXVH DW D SRLQW H[WHUQDO WR WKH VSDFH 7KLV VLWXDWLRQ VKDOO EH PDLQWDLQHGZKLOHWKHFDUJRLVRQERDUG z 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRWKHSRVVLEOHQHHGWRRSHQKDWFKHVLQFDVHRIILUHWRSURYLGH PD[LPXP YHQWLODWLRQ DQG WR DSSO\ ZDWHU LQ DQ HPHUJHQF\ DQG WKH FRQVHTXHQW ULVN WR WKH VWDELOLW\RIWKHVKLSWKURXJKIOXLGL]DWLRQRIWKHFDUJR z ,QDGGLWLRQLIGHFRPSRVLWLRQRFFXUVWKHUHVLGXHOHIWDIWHUGHFRPSRVLWLRQPD\KDYHRQO\KDOI WKHPDVVRIWKHRULJLQDOFDUJR'XHFRQVLGHUDWLRQVKDOOEHSDLGWRWKHHIIHFWRIWKHORVVRI PDVVRQWKHVWDELOLW\RIWKHVKLS

'XULQJORDGLQJWKHIROORZLQJSURYLVLRQVVKDOOEHFRPSOLHGZLWK

%XQNHULQJRIIXHORLOVKDOOQRWEHDOORZHG3XPSLQJRIIXHORLOLQVSDFHVDGMDFHQWWRWKH FDUJRVSDFHVIRUWKLVFDUJRRWKHUWKDQWKHHQJLQHURRPVKDOOQRWEHDOORZHG

35(&$87,216

7KLVFDUJRVKDOORQO\EHDFFHSWHGIRUORDGLQJZKHQDVDUHVXOWRIWHVWLQJLQWKHWURXJKWHVWLWV OLDELOLW\ WR VHOIVXVWDLQLQJ GHFRPSRVLWLRQ VKRZV GHFRPSRVLWLRQ UDWH QRW JUHDWHU WKDQ PK 3UHVVXUHRQWKHILUHPDLQVVKDOOEHPDLQWDLQHGIRUILUHILJKWLQJDQGILUHKRVHVVKDOOEHODLGRXWRU EH LQ SRVLWLRQ DQG UHDG\ IRU LPPHGLDWH XVH GXULQJ ORDGLQJ DQG GLVFKDUJLQJ RI WKLV FDUJR 1R ZHOGLQJ EXUQLQJ FXWWLQJ RU RWKHU RSHUDWLRQV LQYROYLQJ WKH XVH RI ILUH RSHQ IODPH VSDUN RU DUFSURGXFLQJHTXLSPHQWVKDOOEHFDUULHGRXWLQWKHYLFLQLW\RIWKHFDUJRVSDFHVFRQWDLQLQJWKLV FDUJRH[FHSWLQDQHPHUJHQF\6PRNLQJVKDOOQRWEHDOORZHGRQGHFNDQGLQWKHFDUJRVSDFHV DQG ³12 602.,1*´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

Bilaga 1

06&$GG $11(; 3DJH

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

+DWFKHV RI WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH ZHDWKHUWLJKW WR SUHYHQW WKH LQJUHVV RI ZDWHU 7KHWHPSHUDWXUHRIWKLVFDUJRVKDOOEHPRQLWRUHGDQGUHFRUGHGGDLO\GXULQJWKHYR\DJHWRGHWHFW GHFRPSRVLWLRQUHVXOWLQJLQVSRQWDQHRXVKHDWLQJDQGR[\JHQGHSOHWLRQ

',6&+$5*(

%XQNHULQJRUSXPSLQJRIIXHORLOVKDOOQRWEHDOORZHG ,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEH WULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

$IWHU GLVFKDUJH RI WKLV FDUJR WKH ELOJH ZHOOV DQG WKH VFXSSHUV RI WKH FDUJR VSDFHV VKDOO EH FKHFNHGDQGDQ\EORFNDJHLQWKHELOJHZHOOVDQGWKHVFXSSHUVVKDOOEHUHPRYHG

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJERRWVJORYHVFRYHUDOOVDQGKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

Bilaga 1

06&$GG $11(; 3DJH

$0021,801,75$7(%$6(')(57,/,=(5QRQKD]DUGRXV

'(6&5,37,21

&U\VWDOVJUDQXOHVRUSULOOVQRQFRKHVLYHZKHQGU\:KROO\RUSDUWO\VROXEOHLQZDWHU $PPRQLXP QLWUDWH EDVHG IHUWLOL]HUV WUDQVSRUWHG LQ FRQGLWLRQV PHQWLRQHG LQ WKLV VFKHGXOH DUH XQLIRUP PL[WXUHV FRQWDLQLQJ DPPRQLXP QLWUDWH DV WKH PDLQ LQJUHGLHQW ZLWKLQ WKH IROORZLQJ FRPSRVLWLRQOLPLWV

QRWPRUHWKDQDPPRQLXPQLWUDWHZLWKRWKHULQRUJDQLFPDWHULDOV

QRW PRUH WKDQ DPPRQLXP QLWUDWH PL[HG ZLWK FDOFLXP FDUERQDWH DQGRU GRORPLWHDQGQRWPRUHWKDQWRWDOFRPEXVWLEOHRUJDQLFPDWHULDOFDOFXODWHGDV FDUERQ

QLWURJHQ W\SH DPPRQLXP QLWUDWH EDVHG IHUWLOL]HUV FRQWDLQLQJ PL[WXUHV RI DPPRQLXPQLWUDWHDQGDPPRQLXPVXOSKDWHZLWKQRWPRUHWKDQDPPRQLXP QLWUDWH DQG QRW PRUH WKDQ WRWDO FRPEXVWLEOH RUJDQLF PDWHULDO FDOFXODWHG DV FDUERQDQG

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

1RWHV

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

Bilaga 1

06&$GG $11(; 3DJH

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

WR WR WR

6,=( &/$66 *5283

WRPP 1RWDSSOLFDEOH &

+$=$5'

7KLVFDUJRLVQRQFRPEXVWLEOHRUZLWKDORZILUHULVN (YHQ WKRXJK WKLV FDUJR LV FODVVLILHG DV QRQKD]DUGRXV LW ZLOO EHKDYH LQ WKH VDPH ZD\ DV WKH DPPRQLXPQLWUDWHEDVHGIHUWLOL]HUVFODVVLILHGLQFODVVXQGHU81ZKHQKHDWHGVWURQJO\E\ GHFRPSRVLQJDQGJLYLQJRIIWR[LFJDVHV 7KHVSHHGRIWKHGHFRPSRVLWLRQUHDFWLRQLVORZHUEXWWKHUHZLOOEHDULVNRIWR[LFIXPHVLQWKH FDUJRVSDFHDQGRQGHFNLIWKHFDUJRLVVWURQJO\KHDWHG )HUWLOL]HUGXVWPLJKWEHLUULWDWLQJWRVNLQDQGPXFRXVPHPEUDQHV 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW

672:$( 6(5(*$7,21

7KH FRPSDWLELOLW\ RI QRQKD]DUGRXV DPPRQLXP QLWUDWH EDVHG IHUWLOL]HUV ZLWK RWKHU PDWHULDOV ZKLFKPD\EHVWRZHGLQWKHVDPHFDUJRVSDFHVKRXOGEHFRQVLGHUHGEHIRUHORDGLQJ ³6HSDUDWHGIURP´VRXUFHVRIKHDWRULJQLWLRQVHHDOVR/RDGLQJ 1RWWREHVWRZHGLPPHGLDWHO\DGMDFHQWWRDQ\WDQNRUGRXEOHERWWRPFRQWDLQLQJIXHORLOKHDWHGWR PRUHWKDQ& )HUWLOL]HUVRIWKLVW\SHVKRXOGEHVWRZHGRXWRIGLUHFWFRQWDFWZLWKDPHWDOHQJLQHURRPERXQGDU\ 7KLVPD\EHGRQHIRUH[DPSOHE\XVLQJIODPHUHWDUGDQWEDJVFRQWDLQLQJLQHUWPDWHULDOVRUE\ DQ\HTXLYDOHQWEDUULHUDSSURYHGE\WKHFRPSHWHQWDXWKRULW\7KLVUHTXLUHPHQWQHHGQRWDSSO\WR VKRUWLQWHUQDWLRQDOYR\DJHV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

Bilaga 1

06&$GG $11(; 3DJH

3ULRUWRORDGLQJWKHIROORZLQJSURYLVLRQVVKDOOEHFRPSOLHGZLWK

z $OO HOHFWULFDO HTXLSPHQW RWKHU WKDQ WKDW RI DSSURYHG LQWULQVLFDOO\ VDIH W\SH LQ WKH FDUJR VSDFHVWREHXVHGIRUWKLVFDUJRVKDOOEHHOHFWULFDOO\GLVFRQQHFWHGIURPWKHSRZHUVRXUFHE\ DSSURSULDWHPHDQVRWKHUWKDQDIXVHDWDSRLQWH[WHUQDOWRWKHVSDFH7KLVVLWXDWLRQVKDOOEH PDLQWDLQHGZKLOHWKHFDUJRLVRQERDUG z 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRWKHSRVVLEOHQHHGWRRSHQKDWFKHVLQFDVHRIILUHWRSURYLGH PD[LPXP YHQWLODWLRQ DQG WR DSSO\ ZDWHU LQ DQ HPHUJHQF\ DQG WKH FRQVHTXHQW ULVN WR WKH VWDELOLW\RIWKHVKLSWKURXJKIOXLGL]DWLRQRIWKHFDUJR z ,QDGGLWLRQLIGHFRPSRVLWLRQRFFXUVWKHUHVLGXHOHIWDIWHUGHFRPSRVLWLRQPD\KDYHRQO\KDOI WKHPDVVRIWKHRULJLQDOFDUJR'XHFRQVLGHUDWLRQVKDOOEHSDLGWRWKHHIIHFWRIWKHORVVRI PDVVRQWKHVWDELOLW\RIWKHVKLS

'XULQJORDGLQJWKHIROORZLQJSURYLVLRQVVKDOOEHFRPSOLHGZLWK

%XQNHULQJRIIXHORLOVKDOOQRWEHDOORZHG3XPSLQJRIIXHORLOLQVSDFHVDGMDFHQWWRWKH FDUJRVSDFHVIRUWKLVFDUJRRWKHUWKDQWKHHQJLQHURRPVKDOOQRWEHDOORZHG

35(&$87,216

1RZHOGLQJEXUQLQJFXWWLQJRURWKHURSHUDWLRQVLQYROYLQJWKHXVHRIILUHRSHQIODPHVSDUNRU DUFSURGXFLQJHTXLSPHQWVKDOOEHFDUULHGRXWLQWKHYLFLQLW\RIWKHFDUJRVSDFHVFRQWDLQLQJWKLV FDUJRH[FHSWLQDQHPHUJHQF\6PRNLQJVKDOOQRWEHDOORZHGRQGHFNDQGLQWKHFDUJRVSDFHV DQG ³12 602.,1*´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

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

+DWFKHV RI WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH ZHDWKHUWLJKW WR SUHYHQW WKH LQJUHVV RI ZDWHU 7KHWHPSHUDWXUHRIWKLVFDUJRVKDOOEHPRQLWRUHGDQGUHFRUGHGGDLO\GXULQJWKHYR\DJHWRGHWHFW GHFRPSRVLWLRQUHVXOWLQJLQVSRQWDQHRXVKHDWLQJDQGR[\JHQGHSOHWLRQ

',6&+$5*(

%XQNHULQJ RU SXPSLQJ RI IXHO RLO VKDOO QRW EH DOORZHG ,I WKLV FDUJR KDV KDUGHQHG LW VKDOO EH WULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

$IWHU GLVFKDUJH RI WKLV FDUJR WKH ELOJH ZHOOV DQG WKH VFXSSHUV RI WKH FDUJR VSDFHV VKDOO EH FKHFNHGDQGDQ\EORFNDJHLQWKHELOJHZHOOVDQGWKHVFXSSHUVVKDOOEHUHPRYHG

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJERRWVJORYHVFRYHUDOOVDQGKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

Bilaga 1

06&$GG $11(; 3DJH

$0021,8068/3+$7(

'(6&5,37,21

%URZQLVKJUH\WRZKLWHFU\VWDOV6ROXEOHLQZDWHU)UHHIORZLQJ$EVRUEVPRLVWXUH0RLVWXUH FRQWHQWWR$PPRQLDRGRXU6XEMHFWWRQDWXUDOORVVLQZHLJKW

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

qWRq WR WR

6,=( &/$66 *5283

PPWRPP 1RWDSSOLFDEOH &

+$=$5'

'XVW PD\ FDXVH VNLQ DQG H\H LUULWDWLRQ +DUPIXO LI VZDOORZHG (YHQ WKRXJK WKLV FDUJR LV FODVVLILHGDVQRQKD]DUGRXVLWPD\FDXVHKHDY\FRUURVLRQRIIUDPLQJVLGHVKHOOEXONKHDGHWFLI VZHDWLQJRIFDUJRVSDFHRFFXUV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

$YRLG JHQHUDWLQJ GXVW ZKHQ ORDGLQJ 'XULQJ ORDGLQJ GXH FRQVLGHUDWLRQ VKDOO EH SDLG WR PLQLPL]H GXVW JHQHUDWLRQ 7ULP LQ DFFRUGDQFH ZLWK WKH UHOHYDQW SURYLVLRQV UHTXLUHG XQGHU VHFWLRQVDQGRIWKH&RGH

35(&$87,216

$SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQWRSURWHFWPDFKLQHU\DQGDFFRPPRGDWLRQVSDFHVIURPWKH GXVWRIWKHFDUJR%LOJHZHOOVRIWKHFDUJRVSDFHVVKDOOEHSURWHFWHGIURPLQJUHVVRIWKHFDUJR 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRSURWHFWHTXLSPHQWIURPWKHGXVWRIWKHFDUJR3HUVRQVZKR PD\ EH H[SRVHG WR WKH GXVW RI WKH FDUJR VKDOO ZHDU JRJJOHV RU RWKHU HTXLYDOHQW GXVW H\HSURWHFWLRQDQGGXVWILOWHUPDVNV7KRVHSHUVRQVVKDOOZHDUSURWHFWLYHFORWKLQJDVQHFHVVDU\

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

$IWHU GLVFKDUJH RI WKLV FDUJR WKH FDUJR VSDFHV VKDOO EH WKRURXJKO\ FOHDQHG DQG ZDVKHG RXW WR UHPRYHDOOWUDFHVRIWKHFDUJRDQGGULHGH[FHSWLQWKHFDVHWKDWWKHFDUJRWREHORDGHGVXEVHTXHQW WRGLVFKDUJHLV$0021,8068/3+$7(

Bilaga 1

06&$GG $11(; 3DJH

$17,021<25($1'5(6,'8(

'(6&5,37,21

/HDGJUH\PLQHUDOVXEMHFWWREODFNWDUQLVK

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN ,ILQYROYHGLQDILUHGDQJHURXVIXPHVRIDQWLPRQ\DQGVXOSKXUR[LGHVFDQHYROYH

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH $VWKHGHQVLW\RIWKHFDUJRLVH[WUHPHO\KLJKWKHWDQNWRSPD\EHRYHUVWUHVVHGXQOHVVWKHFDUJRLV HYHQO\VSUHDGDFURVVWKHWDQNWRSWRHTXDOL]HWKHZHLJKWGLVWULEXWLRQ'XHFRQVLGHUDWLRQVKDOOEH SDLGWRHQVXUHWKDWWDQNWRSLVQRWRYHUVWUHVVHGGXULQJYR\DJHDQGGXULQJORDGLQJE\DSLOHRIWKHFDUJR

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

Bilaga 1

06&$GG $11(; 3DJH

%$5,801,75$7(81

'(6&5,37,21

*ORVV\ZKLWHFU\VWDOVRUSRZGHU6ROXEOHLQZDWHU

&+$5$&7(5,67,&6

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVRYHUDOOVKHDGJHDU6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV 6SUD\QR]]OHV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

8VHFRSLRXVDPRXQWVRIZDWHUZKLFKLVEHVWDSSOLHGLQWKHIRUPRIDVSUD\WRDYRLGGLVWXUELQJ WKHVXUIDFHRIWKHPDWHULDO7KHPDWHULDOPD\IXVHRUPHOWLQZKLFKFRQGLWLRQDSSOLFDWLRQRI ZDWHUPD\UHVXOWLQH[FHVVLYHVFDWWHULQJRIPROWHQPDWHULDOV([FOXVLRQRIDLURUWKHXVHRI &2 ZLOOQRWFRQWUROWKHILUH'XHFRQVLGHUDWLRQVKRXOGEHJLYHQWRWKHVWDELOLW\RIWKHVKLSGXH WRWKHHIIHFWRIDFFXPXODWHGZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

Bilaga 1

06&$GG $11(; 3DJH

%$5<7(6

'(6&5,37,21

&U\VWDOOLQHRUHPLQHUDO$VXOSKDWHRIEDULXP0RLVWXUHWR

&+$5$&7(5,67,&6

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

$VWKHGHQVLW\RIWKHFDUJRLVH[WUHPHO\KLJKWKHWDQNWRSPD\EHRYHUVWUHVVHGXQOHVVWKHFDUJRLV HYHQO\VSUHDGDFURVVWKHWDQNWRSWRHTXDOL]HWKHZHLJKWGLVWULEXWLRQ'XHFRQVLGHUDWLRQVKDOOEHSDLG WRHQVXUHWKDWWDQNWRSLVQRWRYHUVWUHVVHGGXULQJYR\DJHDQGGXULQJORDGLQJE\DSLOHRIWKHFDUJR

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

Bilaga 1

06&$GG $11(; 3DJH

%$8;,7(

'(6&5,37,21

$ EURZQLVK \HOORZ FOD\OLNH DQG HDUWK\ PLQHUDO 0RLVWXUH FRQWHQW WR ,QVROXEOH LQ ZDWHU

&+$5$&7(5,67,&6

Bilaga 1

06&$GG $11(; 3DJH

%,26/8'*(

'(6&5,37,21

+HDWGULHGDFWLYDWHGVOXGJH9HU\ILQHJUDQXODUSURGXFW0RLVWXUHWR%ODFNVSHFNOHG FRORXU

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

%25$;$1+<'5286 FUXGHRUUHILQHG

'(6&5,37,21

&UXGHLVQRUPDOO\RI\HOORZZKLWHDSSHDUDQFH:KHQKLJKO\UHILQHGEHFRPHVZKLWHFU\VWDOOLQH 'XVW\DQGK\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

06&$GG $11(; 3DJH

%52:1&2$/%5,48(77(6

'(6&5,37,21

%URZQ FRDO OLJQLWH EULTXHWWHV DUH PDQXIDFWXUHG E\ SUHVVLQJ GULHG EURZQ FRDO SDUWLFOHV LQWR FRPSUHVVHGEORFNV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

0DLQO\XSWRPP 0+% %

+$=$5'

%ULTXHWWHVDUHHDVLO\LJQLWHGOLDEOHWRVSRQWDQHRXVFRPEXVWLRQDQGZLOOGHSOHWHR[\JHQLQFDUJR VSDFH

672:$( 6(5(*$7,21

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR3UHYLRXVFDUJREDWWHQVVKDOOEHUHPRYHG IURPWKHFDUJRVSDFHV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

35(&$87,216

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH5HIHUWRWKHDSSHQGL[ WRWKLVVFKHGXOH

&$55,$*(

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

',6&+$5*(

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

102

Bilaga 1

06&$GG $11(; 3DJH

&/($183

$IWHU GLVFKDUJH RI WKLV FDUJR WKH ELOJH ZHOOV DQG WKH VFXSSHUV RI WKH FDUJR VSDFHV VKDOO EH FKHFNHGDQGDQ\EORFNDJHLQWKHELOJHZHOOVDQGWKHVFXSSHUVVKDOOEHUHPRYHG

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQ([FOXVLRQRIDLUPD\EHVXIILFLHQWWRFRQWUROILUH'RQRWXVHZDWHU 6HHNH[SHUWDGYLFHDQGFRQVLGHUKHDGLQJIRUWKHQHDUHVWVXLWDEOHSRUW

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

5(0$5.6

7KHXVHRI&2 RULQHUWJDVLIDYDLODEOHVKRXOGEHZLWKKHOGXQWLOILUHLVDSSDUHQW

103

Bilaga 1

06&$GG $11(; 3DJH

$33(1',;

%52:1&2$/%5,48(77(6

+$=$5'

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

672:$( 6(5(*$7,21

%RXQGDULHVRIFDUJRVSDFHVZKHUHWKHVHFDUJRHVDUHFDUULHGVKDOOEHUHVLVWDQWWRILUHDQG OLTXLGV 7KLV FDUJR VKDOO EH ³VHSDUDWHG IURP´ JRRGV RI FODVVHV GLYLVLRQ DQG LQ SDFNDJHG IRUP VHH ,0'*&RGH DQG ³VHSDUDWHG IURP´ VROLG EXON PDWHULDO RI FODVVHV DQG 6WRZDJHRIJRRGVRIFODVVLQSDFNDJHGIRUPRUVROLGEXONPDWHULDOVRIFODVVDERYH RUEHORZWKLVFDUJRVKDOOEHSURKLELWHG 7KLVFDUJRVKDOOEH³VHSDUDWHGORQJLWXGLQDOO\E\DQLQWHUYHQLQJFRPSOHWHFRPSDUWPHQWRU KROGIURP´JRRGVRIFODVVRWKHUWKDQGLYLVLRQ 7KLVFDUJRVKDOOQRWEHVWRZHGDGMDFHQWWRKRWDUHDV

1RWH )RULQWHUSUHWDWLRQRIWKHVHWHUPVVHHVHFWLRQ

/2$',1*

3ULRU WR ORDGLQJ WKH VKLSSHU RU WKHLU DSSRLQWHG DJHQW VKDOO SURYLGH LQ ZULWLQJ WR WKH PDVWHUWKHFKDUDFWHULVWLFVRIWKHFDUJRDQGWKHUHFRPPHQGHGVDIHKDQGOLQJSURFHGXUHVIRU ORDGLQJDQGWUDQVSRUWRIWKHFDUJR$VDPLQLPXPWKHFDUJR¶VFRQWUDFWVSHFLILFDWLRQVIRU PRLVWXUHFRQWHQWVXOSKXUFRQWHQWDQGVL]HVKDOOEHVWDWHG 7KLVFDUJRVKDOOEHVWRUHGIRUGD\VSULRUWRORDGLQJ7KLVVXEVWDQWLDOO\UHGXFHVWKHULVN RIVSRQWDQHRXVFRPEXVWLRQLQVXEVHTXHQWWUDQVSRUWVWRUDJHDQGKDQGOLQJ %HIRUHORDGLQJWKLVFDUJRWKHPDVWHUVKDOOHQVXUHWKHIROORZLQJ ZHDWKHU GHFN HQFORVXUHV WR WKH FDUJR VSDFH KDYH EHHQ LQVSHFWHG WR HQVXUH WKHLU LQWHJULW\6XFKFORVXUHVDUHFORVHGDQGVHDOHG DOO HOHFWULFDO FDEOHV DQG FRPSRQHQWV VLWXDWHG LQ FDUJR VSDFHV DQG DGMDFHQW HQFORVHGVSDFHVDUHIUHHIURPGHIHFWV6XFKFDEOHVDQGHOHFWULFDOFRPSRQHQWVDUH VDIH WR EH XVHG LQ D IODPPDEOH DQGRU GXVW\ DWPRVSKHUH RU SRVLWLYHO\ LVRODWHG 7KH SURYLVLRQV RI WKLV FODXVH QHHG QRW DSSO\ WR HQJLQHURRPV ZKHUH WKH HQJLQHURRP LV VHSDUDWHG IURP WKH FDUJR VSDFH E\ D JDVWLJKW EXONKHDG ZLWK QR GLUHFWDFFHVV

104

Bilaga 1

06&$GG $11(; 3DJH

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

35(&$87,216

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

&$55,$*(

$VIDUDVSUDFWLFDEOHDQ\JDVHVZKLFKPD\EHHPLWWHGIURPWKHFDUJRVKDOOQRWEHDOORZHG WR DFFXPXODWH LQ DGMDFHQW HQFORVHG VSDFHV VXFK DV VWRUHURRPV FDUSHQWHU¶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

105

Bilaga 1

06&$GG $11(; 3DJH

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¶V DJHQW DW WKH ORDGLQJ SRUW 7KH FRPSDQ\¶V GHVLJQDWHG SHUVRQDVKRUHVKDOOEHDGYLVHGLPPHGLDWHO\ &KHFNWKHVHDORIWKHFDUJRVSDFHDQGUHVHDOWKHFDUJRVSDFHDVQHFHVVDU\ 'R QRW HQWHU WKH FDUJR VSDFH DQG GR QRW RSHQ WKH KDWFKHV XQOHVV WKH PDVWHU FRQVLGHUVDFFHVVLVQHFHVVDU\IRUWKHVDIHW\RIWKHVKLSRUVDIHW\RIOLIH:KHQDQ\ VKLS¶V SHUVRQQHO KDYH HQWHUHG LQWR D FDUJR VSDFH UHVHDO WKH FDUJR VSDFH LPPHGLDWHO\DIWHUWKHSHUVRQQHOYDFDWHWKHFDUJRVSDFH ,QFUHDVHWKHIUHTXHQF\RIPRQLWRULQJWKHJDVFRPSRVLWLRQDQGWHPSHUDWXUHZKHQ SUDFWLFDEOHRIWKHFDUJR 6HQGWKHIROORZLQJLQIRUPDWLRQDVVRRQDVSRVVLEOHWRWKHVKLS¶VRZQHURUDJHQW DWWKHORDGLQJSRUWWRREWDLQH[SHUWDGYLFH WKHQXPEHURIFDUJRVSDFHVLQYROYHG PRQLWRULQJ UHVXOWV RI WKH FDUERQ PRQR[LGH PHWKDQH DQG R[\JHQ FRQFHQWUDWLRQV LIDYDLODEOHWHPSHUDWXUHRIWKHFDUJRORFDWLRQDQGPHWKRGXVHGWRREWDLQ UHVXOWV

106

Bilaga 1

06&$GG $11(; 3DJH

WKHWLPHWKHJDVDQDO\VHVZHUHWDNHQPRQLWRULQJURXWLQH WKHTXDQWLW\RIWKHFDUJRLQWKHFDUJRVSDFHVLQYROYHG WKH GHVFULSWLRQ RI WKH FDUJR DV SHU WKH VKLSSHU¶V GHFODUDWLRQ DQG DQ\ VSHFLDOSUHFDXWLRQVLQGLFDWHGRQWKHGHFODUDWLRQ WKHGDWHRIORDGLQJDQG(VWLPDWHG7LPHRI$UULYDO(7$DWWKHLQWHQGHG GLVFKDUJHSRUWZKLFKVKDOOEHVSHFLILHGDQG DQ\RWKHUFRPPHQWVRUREVHUYDWLRQVWKHPDVWHUPD\FRQVLGHUUHOHYDQW

',6&+$5*(

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

352&('85(6)25$6021,725,12) %52:1&2$/%5,48(77(&$5*2(6

2EVHUYDWLRQV

&DUERQ PRQR[LGH PRQLWRULQJ ZKHQ FRQGXFWHG LQ DFFRUGDQFH ZLWK WKH IROORZLQJ SURFHGXUHVZLOOSURYLGHDUHOLDEOHHDUO\LQGLFDWLRQRIVHOIKHDWLQJZLWKLQWKLVFDUJR7KLVDOORZV SUHYHQWLYH DFWLRQ WR EH FRQVLGHUHG ZLWKRXW GHOD\ $ VXGGHQ UDSLG ULVH LQ FDUERQ PRQR[LGH GHWHFWHGZLWKLQDFDUJRVSDFHSDUWLFXODUO\LIDFFRPSDQLHGE\DQLQFUHDVHLQPHWKDQHOHYHOVLVD FRQFOXVLYHLQGLFDWLRQWKDWVHOIKHDWLQJLVWDNLQJSODFH

$OOYHVVHOVHQJDJHGLQWKHFDUULDJHRIWKLVFDUJRVKDOOFDUU\RQERDUGDQLQVWUXPHQWIRU PHDVXULQJPHWKDQHR[\JHQDQGFDUERQPRQR[LGHJDVFRQFHQWUDWLRQVWRHQDEOHWKHPRQLWRULQJ RI WKH DWPRVSKHUH ZLWKLQ WKH FDUJR VSDFH 7KLV LQVWUXPHQW VKDOO EH UHJXODUO\ VHUYLFHG DQG FDOLEUDWHG LQ DFFRUGDQFH ZLWK WKH PDQXIDFWXUHU¶V LQVWUXFWLRQV &DUH VKDOO EH H[HUFLVHG LQ LQWHUSUHWLQJPHWKDQHPHDVXUHPHQWVFDUULHGRXWLQWKHORZR[\JHQFRQFHQWUDWLRQVRIWHQIRXQGLQ XQYHQWLODWHGFDUJRKROGV7KHFDWDO\WLFVHQVRUVQRUPDOO\XVHGIRUWKHGHWHFWLRQRIPHWKDQHUHO\ RQ WKH SUHVHQFH RI VXIILFLHQW R[\JHQ IRU DFFXUDWH PHDVXUHPHQW 7KLV SKHQRPHQRQ GRHV QRW DIIHFW WKH PHDVXUHPHQW RI FDUERQ PRQR[LGH RU PHDVXUHPHQW RI PHWKDQH E\ LQIUDUHG VHQVRU )XUWKHUJXLGDQFHPD\EHREWDLQHGIURPWKHLQVWUXPHQWPDQXIDFWXUHU

107

Bilaga 1

06&$GG $11(; 3DJH

6DPSOLQJDQGPHDVXUHPHQWSURFHGXUH

(TXLSPHQW

$Q LQVWUXPHQW ZKLFK LV FDSDEOH RI PHDVXULQJ PHWKDQH R[\JHQ DQG FDUERQ PRQR[LGH FRQFHQWUDWLRQV VKDOO EH SURYLGHG RQ ERDUG D VKLS FDUU\LQJ WKLV FDUJR 7KH LQVWUXPHQW VKDOO EH ILWWHGZLWKDQDVSLUDWRUIOH[LEOHFRQQHFWLRQDQGDOHQJWKRIVSDUNSURRIPHWDOWXELQJWRHQDEOHD UHSUHVHQWDWLYHVDPSOHWREHREWDLQHGIURPZLWKLQWKHVTXDUHRIWKHKDWFK

:KHQ UHFRPPHQGHG E\ WKH PDQXIDFWXUHU D VXLWDEOH ILOWHU VKDOO EH XVHG WR SURWHFW WKH LQVWUXPHQWDJDLQVWWKHLQJUHVVRIPRLVWXUH7KHSUHVHQFHRIHYHQDVPDOODPRXQWRIZDWHUZLOO FRPSURPLVHWKHDFFXUDF\RIWKHPHDVXUHPHQW

6LWLQJRIVDPSOLQJSRLQWV

,QRUGHUWRREWDLQPHDQLQJIXOLQIRUPDWLRQDERXWWKHEHKDYLRXURIWKLVFDUJRLQDFDUJRVSDFH JDVPHDVXUHPHQWVVKDOOEHPDGHYLDRQHVDPSOHSRLQWSHUFDUJRVSDFH7RHQVXUHIOH[LELOLW\RI PHDVXUHPHQWLQDGYHUVHZHDWKHUKRZHYHUWZRVDPSOHSRLQWVVKDOOEHSURYLGHGSHUFDUJRVSDFH RQHRQWKHSRUWVLGHDQGRQHRQWKHVWDUERDUGVLGHRIWKHKDWFKFRYHURUKDWFKFRDPLQJUHIHUWR GLDJUDPRIJDVVDPSOLQJSRLQW0HDVXUHPHQWIURPHLWKHURIWKHVHORFDWLRQVLVVDWLVIDFWRU\

(DFKVDPSOHSRLQWVKDOOFRPSULVHDKROHRIGLDPHWHUDSSUR[LPDWHO\PPSRVLWLRQHGDV QHDUWRWKHWRSRIWKHKDWFKFRDPLQJDVSRVVLEOH,WVKDOOEHVHDOHGZLWKDVHDOLQJFDSWRSUHYHQW LQJUHVVRIZDWHUDQGDLU,WLVHVVHQWLDOWKLVFDSEHVHFXUHO\UHSODFHGDIWHUHDFKPHDVXUHPHQWWR PDLQWDLQDWLJKWVHDO

7KHSURYLVLRQRIDQ\VDPSOHSRLQWVKDOOQRWFRPSURPLVHWKHVHDZRUWKLQHVVRIWKHYHVVHO

108

Bilaga 1

06&$GG $11(; 3DJH

0HDVXUHPHQW

7KHH[SODQDWLRQRQSURFHGXUHVIRUPHDVXUHPHQWLVDVIROORZV UHPRYHWKHVHDOLQJFDSLQVHUWWKHULJLGWXEHLQWRWKHVDPSOLQJSRLQWDQGWLJKWHQ WKHLQWHJUDOFDSWRHQVXUHDQDGHTXDWHVHDO FRQQHFWWKHLQVWUXPHQWWRWKHVDPSOLQJWXEH GUDZDVDPSOHRIWKHDWPRVSKHUHWKURXJKWKHWXEHXVLQJWKHDVSLUDWRUXQWLOVWHDG\ UHDGLQJVDUHREWDLQHG ORJ WKH UHVXOWV RQ D IRUP ZKLFK UHFRUGV FDUJR KROG GDWH DQG WLPH IRU HDFK PHDVXUHPHQWDQG SXWEDFNWKHVHDOLQJFDS

109

Bilaga 1

06&$GG $11(; 3DJH

&$/&,801,75$7(81

'(6&5,37,21

:KLWHGHOLTXHVFHQWVROLGVROXEOHLQZDWHU7KHSURYLVLRQVRIWKLV&RGHVKRXOGQRWDSSO\WRWKH FRPPHUFLDO JUDGHV RI FDOFLXP QLWUDWH IHUWLOL]HUV FRQVLVWLQJ PDLQO\ RI D GRXEOH VDOW FDOFLXPQLWUDWH DQG DPPRQLXP QLWUDWH DQG FRQWDLQLQJ QRW PRUH WKDQ DPPRQLXP QLWUDWH DQGDWOHDVWZDWHURIFU\VWDOOL]DWLRQ

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

1RQFRPEXVWLEOH PDWHULDOV ,I LQYROYHG LQ D ILUH ZLOO JUHDWO\ LQWHQVLI\ WKH EXUQLQJ RI FRPEXVWLEOHPDWHULDOV$OWKRXJKQRQFRPEXVWLEOHPL[WXUHVZLWKFRPEXVWLEOHPDWHULDODUHHDVLO\ LJQLWHGDQGPD\EXUQILHUFHO\ 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW 7KLVFDUJRLVKDUPIXOLIVZDOORZHG

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

$SSURSULDWH PHDVXUHV VKDOO EH WDNHQ WR SUHYHQW WKH FDUJR IURP FRQWDFW ZLWK FRPEXVWLEOH PDWHULDOV 7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

%LOJHZHOOVVKDOOEHFOHDQGU\DQGFRYHUHGDVDSSURSULDWHWRSUHYHQWLQJUHVVRIWKHFDUJR

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

110

Bilaga 1

06&$GG $11(; 3DJH

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVFRYHUDOOVKHDGJHDU6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV 6SUD\QR]]OHV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

8VHFRSLRXVTXDQWLWLHVRIZDWHUZKLFKLVEHVWDSSOLHGLQWKHIRUPRIDVSUD\WRDYRLGGLVWXUELQJ WKHVXUIDFHRIWKHPDWHULDO7KHPDWHULDOPD\IXVHRUPHOWLQZKLFKFRQGLWLRQDSSOLFDWLRQRI ZDWHUPD\UHVXOWLQH[WHQVLYHVFDWWHULQJRIWKHPROWHQPDWHULDOV([FOXVLRQRIDLURUWKHXVH RI&2 ZLOOQRWFRQWUROWKHILUH'XHFRQVLGHUDWLRQVKRXOGEHJLYHQWRWKHVWDELOLW\ RIWKHVKLSGXHWRWKHHIIHFWRIDFFXPXODWHGZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

111

Bilaga 1

06&$GG $11(; 3DJH

&$/&,801,75$7()(57,/,=(5

'(6&5,37,21

*UDQXOHV PDLQO\ RI D GRXEOH VDOW FDOFLXP QLWUDWH DQG DPPRQLXP QLWUDWH DQG FRQWDLQLQJ QRW PRUHWKDQWRWDOQLWURJHQDQGDWOHDVWZDWHU5HIHUWRWKHVFKHGXOHIRU&DOFLXP1LWUDWH 81 ZKHUH WKH WRWDO QLWURJHQ FRQWHQW H[FHHGV RU ZKHUH WKH ZDWHU FRQWHQW LV OHVV WKDQ

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

R WR WR

6,=( &/$66 *5283

PPWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

Bilaga 1

06&$GG $11(; 3DJH

&$5%2581'80

'(6&5,37,21

$KDUGEODFNFU\VWDOOLQHFRPSRXQGRIFDUERQDQGVLOLFRQ2GRXUOHVV1RPRLVWXUHFRQWHQW

&+$5$&7(5,67,&6

113

Bilaga 1

06&$GG $11(; 3DJH

&$6725%($16RU &$67250($/RU &$6725320$&(RU &$6725)/$.(81

'(6&5,37,21

7KHEHDQVIURPZKLFKFDVWRURLOLVREWDLQHG

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

&RQWDLQDSRZHUIXODOOHUJHQZKLFKE\LQKDODWLRQRIGXVWRUE\VNLQFRQWDFWZLWKFUXVKHGEHDQ SURGXFWV FDQ JLYH ULVH WR VHYHUH LUULWDWLRQ RI WKH VNLQ H\HV DQG PXFRXV PHPEUDQHV LQ VRPH SHUVRQV7KH\DUHDOVRWR[LFE\LQJHVWLRQ

672:$( 6(5(*$7,21

³6HSDUDWHG IURP´ IRRGVWXIIV DQG R[LGL]LQJ PDWHULDOV JRRGV LQ SDFNDJHV DQG VROLG EXON PDWHULDOV

+2/'&/($1/,1(66

115

Bilaga 1

06&$GG $11(; 3DJH

&(0(17

'(6&5,37,21

&HPHQW LV D ILQHO\ JURXQG SRZGHU ZKLFK EHFRPHV DOPRVW IOXLG LQ QDWXUH ZKHQ DHUDWHG RU VLJQLILFDQWO\ GLVWXUEHG WKHUHE\ FUHDWLQJ D YHU\ PLQLPDO DQJOH RI UHSRVH $IWHU ORDGLQJ LV FRPSOHWHG GHDHUDWLRQ RFFXUV DOPRVW LPPHGLDWHO\ DQG WKH SURGXFW VHWWOHV LQWR D VWDEOH PDVV &HPHQWGXVWFDQEHDPDMRUFRQFHUQGXULQJORDGLQJDQGGLVFKDUJHLIWKHYHVVHOLVQRWVSHFLDOO\ GHVLJQHGDVDFHPHQWFDUULHURUVKRUHHTXLSPHQWLVQRWILWWHGZLWKVSHFLDOGXVWFRQWUROHTXLSPHQW

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

8SWRPP 1RWDSSOLFDEOH &

+$=$5'

,WPD\VKLIWZKHQDHUDWHG 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

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

35(&$87,216

116

Bilaga 1

06&$GG $11(; 3DJH

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

$IWHUWKHFRPSOHWLRQRIORDGLQJRIWKLVFDUJRWKHKDWFKHVRIWKHFDUJRVSDFHVVKDOOEHVHDOHGDV QHFHVVDU\$OOYHQWVDQGDFFHVVZD\VWRWKHFDUJRVSDFHVVKDOOEHVKXWGXULQJWKHYR\DJH%LOJHV LQWKHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHSXPSHGXQOHVVVSHFLDOSUHFDXWLRQVDUHWDNHQ

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

,QWKHFDVHWKDWWKHUHVLGXHVRIWKLVFDUJRDUHWREHZDVKHGRXWWKHFDUJRVSDFHVDQGWKHRWKHU VWUXFWXUHV DQG HTXLSPHQW ZKLFK PD\ KDYH EHHQ LQ FRQWDFW ZLWK WKLV FDUJR RU LWV GXVW VKDOO EH WKRURXJKO\ VZHSW SULRU WR ZDVKLQJ RXW 3DUWLFXODU DWWHQWLRQ VKDOO EH SDLG WR ELOJH ZHOOV DQG IUDPHZRUN LQ WKH FDUJR VSDFHV 7KH IL[HG ELOJH SXPSV VKDOO QRW EH XVHG WR SXPS WKH FDUJR VSDFHVEHFDXVHWKLVFDUJRPD\PDNHWKHELOJHV\VWHPVLQRSHUDWLYH

117

Bilaga 1

06&$GG $11(; 3DJH

&(0(17&/,1.(56

'(6&5,37,21

&HPHQWLVIRUPHGE\EXUQLQJOLPHVWRQHZLWKFOD\7KLVEXUQLQJSURGXFHVURXJKFLQGHUOXPSV WKDW DUH ODWHU FUXVKHG WR D ILQH SRZGHU WR SURGXFH FHPHQW 7KH URXJK FLQGHU OXPSV DUH FDOOHG FOLQNHUVDQGDUHVKLSSHGLQWKLVIRUPWRDYRLGWKHGLIILFXOWLHVRIFDUU\LQJFHPHQWSRZGHU

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

PPWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

118

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

$IWHU WKH FRPSOHWLRQ RI ORDGLQJ RI WKLV FDUJR WKH KDWFKHV RI WKH FDUJR VSDFHV VKDOO EH VHDOHG $OO YHQWV DQG DFFHVV ZD\V WR WKH FDUJR VSDFHV VKDOO EH VKXW GXULQJ WKH YR\DJH %LOJHV LQ WKH FDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHSXPSHGXQOHVVVSHFLDOSUHFDXWLRQVDUHWDNHQ

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

119

Bilaga 1

06&$GG $11(; 3DJH

&+$0277(

'(6&5,37,21

%XUQHGFOD\*UH\6KLSSHGLQWKHIRUPRIILQHFUXVKHGVWRQH8VHGE\]LQFVPHOWHUVDQGLQ PDQXIDFWXUHRIILUHEULFNURDGPHWDO'XVW\

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

8SWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

120

Bilaga 1

06&$GG $11(; 3DJH

&+$5&2$/

'(6&5,37,21

:RRG EXUQW DW D KLJK WHPSHUDWXUH ZLWK DV OLWWOH H[SRVXUH WR DLU DV SRVVLEOH 9HU\ GXVW\ OLJKW FDUJR&DQDEVRUEPRLVWXUHWRDERXWWRRILWVZHLJKW%ODFNSRZGHURUJUDQXOHV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

0+% %

+$=$5'

0D\LJQLWHVSRQWDQHRXVO\&RQWDFWZLWKZDWHUPD\FDXVHVHOIKHDWLQJ/LDEOHWRFDXVHR[\JHQ R GHSOHWLRQLQWKHFDUJRVSDFH+RWFKDUFRDOVFUHHQLQJVLQH[FHVVRI &VKRXOGQRWEHORDGHG

672:$( 6(5(*$7,21

6HJUHJDWLRQDVUHTXLUHGIRUFODVVPDWHULDOV³6HSDUDWHGIURP´RLO\PDWHULDOV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

&KDUFRDOLQFODVVVKDOOQRWEHFDUULHGLQEXON7KLVFDUJRVKDOOEHH[SRVHGWRWKHZHDWKHUIRU QRWOHVVWKDQGD\VSULRUWRVKLSPHQW3ULRUWRORDGLQJWKHPDQXIDFWXUHURUVKLSSHUVKDOOJLYH WKHPDVWHUDFHUWLILFDWHVWDWLQJWKDWWKHFDUJRLVQRWFODVVLQDFFRUGDQFHZLWKWKHUHVXOWRIWKH WHVWDSSURYHGE\WKHFRPSHWHQWDXWKRULW\ 7KHFHUWLILFDWHVKDOODOVRVWDWHWKDWWKLVFDUJRKDVEHHQ ZHDWKHUHG IRU QRW OHVV WKDQ GD\V 7KLV FDUJR VKDOO RQO\ EH DFFHSWHG IRU ORDGLQJ ZKHQ WKH DFWXDOPRLVWXUHFRQWHQWRIWKHFDUJRLVQRWPRUHWKDQ

5HIHUHQFHLVPDGHLQVHFWLRQRIDSSHQGL[WRWKLV&RGH

121

Bilaga 1

06&$GG $11(; 3DJH

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG([FOXVLRQRIDLU PD\EHVXIILFLHQWWRFRQWUROILUH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

122

Bilaga 1

06&$GG $11(; 3DJH

&+233('58%%(5$1'3/$67,&,168/$7,21

'(6&5,37,21

3ODVWLFDQGUXEEHULQVXODWLRQPDWHULDOFOHDQDQGIUHHIURPRWKHUPDWHULDOVLQJUDQXODUIRUP

&+$5$&7(5,67,&6

123

Bilaga 1

06&$GG $11(; 3DJH

&+520(3(//(76

'(6&5,37,21

3HOOHWV0RLVWXUHXSWRPD[LPXP

&+$5$&7(5,67,&6

124

Bilaga 1

06&$GG $11(; 3DJH

&+520,7(25(

'(6&5,37,21

&RQFHQWUDWHVRUOXPS\GDUNJUH\LQFRORXU

&+$5$&7(5,67,&6

125

Bilaga 1

06&$GG $11(; 3DJH

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

126

Bilaga 1

06&$GG $11(; 3DJH

&/$<

'(6&5,37,21

&OD\ LV XVXDOO\ OLJKW WR GDUN JUH\ DQG FRPSULVHV VRIW OXPSV DQG VRIW JUDLQV 7KHPDWHULDOLVXVXDOO\PRLVWEXWQRWZHWWRWKHWRXFK0RLVWXUHLVXSWR

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

8SWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

Bilaga 1

06&$GG $11(; 3DJH

&2$/ 6HHDOVRWKHDSSHQGL[WRWKLVVFKHGXOH

'(6&5,37,21

&RDO ELWXPLQRXV DQG DQWKUDFLWH LV D QDWXUDO VROLG FRPEXVWLEOH PDWHULDO FRQVLVWLQJ RI DPRUSKRXVFDUERQDQGK\GURFDUERQV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

8SWRPP 0+% %DQG$

+$=$5'6

&RDO PD\ FUHDWH IODPPDEOH DWPRVSKHUHV PD\ KHDW VSRQWDQHRXVO\ PD\ GHSOHWH WKH R[\JHQ FRQFHQWUDWLRQ PD\ FRUURGH PHWDO VWUXFWXUHV &DQ OLTXHI\ LI SUHGRPLQDQWO\ ILQH OHVV WKDQPPFRDO

672:$( 6(5(*$7,21

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

:KHQ D FDUJR PD\ OLTXHI\ GXULQJ YR\DJH LQ FDVH WKDW WKH PRLVWXUH FRQWHQW RI WKH FDUJR LV LQ H[FHVVRILWV70/DQGWKHFDUJRLVFDUULHGLQDVKLSRWKHUWKDQDVSHFLDOO\FRQVWUXFWHGRUILWWHG FDUJR VKLS FRPSO\LQJ ZLWK WKH UHTXLUHPHQWV LQ VXEVHFWLRQ RI WKLV &RGH WKH IROORZLQJ SURYLVLRQVVKDOOEHFRPSOLHGZLWK

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

128

Bilaga 1

06&$GG $11(; 3DJH

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH :LWKRXW UHDVRQDEOH WULPPLQJ YHUWLFDO FUDFNV LQWR WKH ERG\ RI WKH FRDO PD\ IRUP SHUPLWWLQJ R[\JHQFLUFXODWLRQDQGSRVVLEOHVHOIKHDWLQJ

35(&$87,216

%LOJHZHOOVVKDOOEHFOHDQGU\DQGFRYHUHGDVDSSURSULDWHWRSUHYHQWLQJUHVVRIWKHFDUJR5HIHU WRWKHDSSHQGL[WRWKLVVFKHGXOH

9(17,/$7,21

5HIHUWR6SHFLDOSUHFDXWLRQVLQWKHDSSHQGL[WRWKLVVFKHGXOH

&$55,$*(

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQ([FOXVLRQRIDLUPD\EHVXIILFLHQWWRFRQWUROWKHILUH'RQRWXVHZDWHU 6HHNH[SHUWDGYLFHDQGFRQVLGHUKHDGLQJWRWKHQHDUHVWSRUW

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

5(0$5.6

7KHXVHRI&2 RULQHUWJDVLIDYDLODEOHVKRXOGEHZLWKKHOGXQWLOILUHLVDSSDUHQW

129

Bilaga 1

06&$GG $11(; 3DJH

$33(1',;

&2$/

3URSHUWLHVDQGFKDUDFWHULVWLFV

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

6HJUHJDWLRQDQGVWRZDJHUHTXLUHPHQWV

8QOHVV H[SUHVVO\ SURYLGHG RWKHUZLVH ERXQGDULHV RI FDUJR VSDFHV ZKHUH WKLV FDUJR LV FDUULHGVKDOOEHUHVLVWDQWWRILUHDQGOLTXLGV 7KLV FDUJR VKDOO EH ³VHSDUDWHG IURP´ JRRGV RI FODVVHV GLYLVLRQ DQG LQ SDFNDJHGIRUPVHH,0'*&RGHDQG³VHSDUDWHGIURP´VROLGEXONPDWHULDOVRIFODVVHV DQG 6WRZDJHRIJRRGVRIFODVVLQSDFNDJHGIRUPRUVROLGEXONPDWHULDOVRIFODVVDERYH RUEHORZWKLVFDUJRVKDOOEHSURKLELWHG 7KHPDVWHUVKDOOHQVXUHWKDWWKLVFDUJRLVQRWVWRZHGDGMDFHQWWRKRWDUHDV 7KLVFDUJRVKDOOEH³VHSDUDWHGORQJLWXGLQDOO\E\DQLQWHUYHQLQJFRPSOHWHFRPSDUWPHQWRU KROGIURP´JRRGVRIFODVVRWKHUWKDQGLYLVLRQ

1RWH )RULQWHUSUHWDWLRQRIWKHVHWHUPVVHHVHFWLRQ

*HQHUDOUHTXLUHPHQWVIRUDOOW\SHVRIWKHVHFDUJRHV

3ULRUWRORDGLQJWKHVKLSSHURUKLVDSSRLQWHGDJHQWVKDOOSURYLGHLQZULWLQJWRWKHPDVWHU WKH FKDUDFWHULVWLFV RI WKH FDUJR DQG WKH UHFRPPHQGHG VDIH KDQGOLQJ SURFHGXUHV IRU ORDGLQJDQGWUDQVSRUWRIWKHFDUJR$VDPLQLPXPWKHFDUJR¶VFRQWUDFWVSHFLILFDWLRQVIRU PRLVWXUH FRQWHQW VXOSKXU FRQWHQW DQG VL]H VKDOO EH VWDWHG DQG HVSHFLDOO\ ZKHWKHU WKH FDUJRPD\EHOLDEOHWRHPLWPHWKDQHRUVHOIKHDW %HIRUHORDGLQJWKHPDVWHUVKDOOHQVXUHWKHIROORZLQJ $OO FDUJR VSDFHV DQG ELOJH ZHOOV DUH FOHDQ DQG GU\ $Q\ UHVLGXH RI ZDVWH PDWHULDO RU SUHYLRXVFDUJRLVUHPRYHGLQFOXGLQJUHPRYDEOHFDUJREDWWHQVDQG

130

Bilaga 1

06&$GG $11(; 3DJH

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

131

Bilaga 1

06&$GG $11(; 3DJH

7KHPDVWHUVKDOOHQVXUHDVIDUDVSUDFWLFDEOHWKDWDQ\JDVHVZKLFKPD\EHHPLWWHGIURP WKLVFDUJRGRQRWDFFXPXODWHLQDGMDFHQWHQFORVHGVSDFHV 7KH PDVWHU VKDOO HQVXUH WKDW HQFORVHG ZRUNLQJ VSDFHV VXFK DV VWRUHURRPV FDUSHQWHU¶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

6SHFLDOSUHFDXWLRQV

&RDOVHPLWWLQJPHWKDQH

:KHQ WKH VKLSSHU KDV LQIRUPHG WKDW WKH FDUJR LV OLDEOH WR HPLW PHWKDQH RU DQDO\VLV RI WKH DWPRVSKHUHLQWKHFDUJRVSDFHLQGLFDWHVWKHSUHVHQFHRIPHWKDQHLQH[FHVVRIRIWKH/RZHU ([SORVLRQ/LPLW/(/WKHIROORZLQJDGGLWLRQDOSUHFDXWLRQVVKDOOEHWDNHQ

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¶V VKRSV SDVVDJHZD\V WXQQHOV HWF DUH UHJXODUO\ PRQLWRUHG IRU WKH SUHVHQFH RI PHWKDQH 6XFKVSDFHVVKDOOEHDGHTXDWHO\YHQWLODWHGDQGLQWKHFDVHRIPHFKDQLFDOYHQWLODWLRQRQO\ HTXLSPHQWVDIHIRUXVHLQDQH[SORVLYHDWPRVSKHUHVKDOOEHXVHG

6HOIKHDWLQJFRDOV

:KHQWKHVKLSSHULQIRUPHGWKDWWKHFDUJRLVOLNHO\WRVHOIKHDWRUDQDO\VLVRIWKHDWPRVSKHUHLQ WKH FDUJR VSDFH LQGLFDWHV DQ LQFUHDVLQJ FRQFHQWUDWLRQ RI FDUERQ PRQR[LGH WKHQ WKH IROORZLQJ DGGLWLRQDOSUHFDXWLRQVVKDOOEHWDNHQ

7KHFDUJRVSDFHVVKDOOEHFORVHGLPPHGLDWHO\DIWHUFRPSOHWLRQRIORDGLQJLQHDFKFDUJR VSDFH 7KH KDWFK FRYHUV PD\ DOVR EH DGGLWLRQDOO\ VHDOHG ZLWK D VXLWDEOH VHDOLQJ WDSH 2QO\QDWXUDOVXUIDFHYHQWLODWLRQVKDOOEHSHUPLWWHGDQGYHQWLODWLRQVKDOOEHOLPLWHGWRWKH DEVROXWHPLQLPXPWLPHQHFHVVDU\WRUHPRYHPHWKDQHZKLFKPD\KDYHDFFXPXODWHG

132

Bilaga 1

06&$GG $11(; 3DJH

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¶VPDVWHU

*UDYLW\IHGVHOIXQORDGLQJEXONFDUULHU

$JUDYLW\IHGVHOIXQORDGLQJEXONFDUULHUPHDQVDYHVVHOWKDWKDVJUDYLW\IHGV\VWHPVIURP WKH ERWWRP RI FDUJR KROGV XVLQJ JDWHV WKDW PD\ EH RSHQHG RU FORVHG WR IHHG WKH FDUJR RQWR FRQYH\RU EHOWV 6XFK EHOWV UXQ LQ IRUH DQG DIW GLUHFWLRQ XQGHUQHDWK WKH KROGV IURP WKHUH WKH FDUJR LV FDUULHG E\ PHDQV RI FRQYH\RU V\VWHPV WR WKH GHFN DQG GLVFKDUJHG RQWR VKRUH ZLWK D VHOIXQORDGLQJ ERRP WKDW FDQ H[WHQG RYHU WKH VKRUH DQG KDV D FRQYH\RU EHOW 7KLV LV QRW DSSOLFDEOHIRUWKHYHVVHOVZLWKXQORDGLQJV\VWHPVVXFKDVFUDQHVDQGJUDEV

:KHQ WKLV FDUJR LV FDUULHG RQ D JUDYLW\ IHG VHOIXQORDGLQJ EXON FDUULHU WKH IROORZLQJ UHTXLUHPHQWVRIWKLVDSSHQGL[QHHGQRWDSSO\

SDUDJUDSKRI³6HJUHJDWLRQDQGVWRZDJHUHTXLUHPHQWV´DQG

SDUDJUDSKRI³*HQHUDOUHTXLUHPHQWVIRUDOOW\SHVRIWKHVHFDUJRHV´

/RDGHGYR\DJHSURFHGXUHVIRUDWPRVSKHULFPRQLWRULQJRIFDUJRHV

%XONFRDOFDUJRVDIHW\SURFHGXUHV

7KHVH UHTXLUHPHQWV DSSO\ ZKHQ WKHVH FDUJRHV DUH WR EH FDUULHG RQ D JUDYLW\ IHG VHOIXQORDGLQJEXONFDUULHU,WLVUHFRPPHQGHGWKDWDGRFXPHQWVXFKDVDIORZFKDUWGHVFULELQJ FDUJRRSHUDWLRQVDQGFDUULDJHSURFHGXUHVIRUWKHVHFDUJRHVEHSURYLGHGWRWKHVKLSE\WKHYHVVHO¶V RSHUDWRU

133

Bilaga 1

06&$GG $11(; 3DJH

9HQWLODWLRQ

:KHQYHQWLODWLQJLWVKDOOEHHQVXUHGWKDWH[FHVVDLUGRHVQRWLQJUHVVH[FHVVLYHO\LQWRWKH ERG\RIWKHFDUJRRIFRDODVWKLVPD\HYHQWXDOO\SURPRWHVHOIKHDWLQJ

'XH WR WKH SUHVHQFH RI QRQDLUWLJKW XQORDGLQJ JDWHV DW WKH ERWWRP RI WKH FDUJR KRSSHUV MXVWDERYHWKHWXQQHOVWKHIROORZLQJPHWKRGVRIYHQWLODWLRQVKDOOEHXVHG

LI PHWKDQH LV GHWHFWHG LQ WKH WXQQHO LW VKDOO EH ³SRVLWLYH SUHVVXUH´ YHQWLODWHG PRUH VXSSO\WKDQH[KDXVWLQWKHWXQQHOVWRUHPRYHPHWKDQHJDVDQG

LIFDUERQPRQR[LGHLVGHWHFWHGLQWKHWXQQHOLWVKDOOEH³QHJDWLYHSUHVVXUH´YHQWLODWHG PRUHH[KDXVWWKDQVXSSO\LQWKHWXQQHOVWRUHPRYHFDUERQPRQR[LGH7KHUHOHDVHRI FDUERQPRQR[LGHPD\EHDQLQGLFDWLRQRIVHOIKHDWLQJ

3URFHGXUHVIRUJDVPRQLWRULQJRIFRDOFDUJRHV

2EVHUYDWLRQV

&DUERQ PRQR[LGH PRQLWRULQJ ZKHQ FRQGXFWHG LQ DFFRUGDQFH ZLWK WKH IROORZLQJ SURFHGXUHVZLOOSURYLGHDUHOLDEOHHDUO\LQGLFDWLRQRIVHOIKHDWLQJZLWKLQWKLVFDUJR7KLVDOORZV SUHYHQWLYHDFWLRQWREHFRQVLGHUHGZLWKRXWGHOD\ $ VWHDG\ ULVH LQ WKH OHYHO RI FDUERQ PRQR[LGH GHWHFWHG ZLWKLQ D FDUJR VSDFH LV D FRQFOXVLYH LQGLFDWLRQWKDWVHOIKHDWLQJLVWDNLQJSODFH

6DPSOLQJDQGPHDVXUHPHQWSURFHGXUH

(TXLSPHQW

:KHQ UHFRPPHQGHG E\ WKH PDQXIDFWXUHU D VXLWDEOH ILOWHU VKDOO EH XVHG WR SURWHFW WKH LQVWUXPHQWDJDLQVWWKHLQJUHVVRIPRLVWXUH7KHSUHVHQFHRIHYHQDVPDOODPRXQWRIPRLVWXUHZLOO FRPSURPLVHWKHDFFXUDF\RIWKHPHDVXUHPHQW

134

Bilaga 1

06&$GG $11(; 3DJH

6LWLQJRIVDPSOLQJSRLQWV

,Q RUGHU WR REWDLQ PHDQLQJIXO LQIRUPDWLRQ DERXW WKH EHKDYLRXU RI WKLV FDUJR LQ D FDUJR VSDFH JDV PHDVXUHPHQWV VKDOO EH PDGH YLD RQH VDPSOH SRLQW SHU FDUJR VSDFH 7R HQVXUH IOH[LELOLW\ RI PHDVXUHPHQW LQ DGYHUVH ZHDWKHU WZR VDPSOH SRLQWV VKDOO EH SURYLGHG SHU FDUJR VSDFHRQHRQWKHSRUWVLGHDQGRQHRQWKHVWDUERDUGVLGHRIWKHKDWFKFRYHURUKDWFKFRDPLQJ 5HIHU WR WKH GLDJUDP RI JDV VDPSOLQJ SRLQW 0HDVXUHPHQW IURP HLWKHU RI WKHVH ORFDWLRQV LV VDWLVIDFWRU\

+DWFK 7KUHDGHG 6HDOLQJ VWXE FDS :,7+&$3 23(1

:,7+&$3 &/26('

7RPXOWLJDV DQDO\VHU

)LOWHU 6SDUNSURRIPHWDO &ROODU WXEHZLWKFROODU

'LDJUDPRIJDVVDPSOLQJSRLQW

(DFKVDPSOHSRLQWVKDOOFRPSULVHDKROHRIGLDPHWHUDSSUR[LPDWHO\PPSRVLWLRQHGDV QHDUWRWKHWRSRIWKHKDWFKFRDPLQJDVSRVVLEOH,WVKDOOEHVHDOHGZLWKDVHDOLQJFDSWRSUHYHQW LQJUHVVRIZDWHUDQGDLU,WLVHVVHQWLDOWKDWWKLVFDSLVVHFXUHO\UHSODFHGDIWHUHDFKPHDVXUHPHQW WRPDLQWDLQDWLJKWVHDO

7KHSURYLVLRQVRIDQ\VDPSOHSRLQWVKDOOQRWFRPSURPLVHWKHVHDZRUWKLQHVVRIWKHYHVVHO

0HDVXUHPHQW

7KHH[SODQDWLRQRQSURFHGXUHVIRUPHDVXUHPHQWLVDVIROORZV

UHPRYHWKHVHDOLQJFDSLQVHUWWKHVSDUNSURRIPHWDOWXEHLQWRWKHVDPSOLQJSRLQW DQGWLJKWHQWKHFROODUWRHQVXUHDQDGHTXDWHVHDO FRQQHFWWKHLQVWUXPHQWWRWKHVDPSOLQJWXEH GUDZDVDPSOHRIWKHDWPRVSKHUHWKURXJKWKHWXEHXVLQJWKHDVSLUDWRUXQWLOVWHDG\ UHDGLQJVDUHREWDLQHG

135

Bilaga 1

06&$GG $11(; 3DJH

ORJ WKH UHVXOWV RQ D IRUP ZKLFK UHFRUGV FDUJR VSDFH GDWH DQG WLPH IRU HDFK PHDVXUHPHQWDQG SXWEDFNWKHVHDOLQJFDS

0HDVXUHPHQWVWUDWHJ\

7KH LGHQWLILFDWLRQ RI LQFLSLHQW VHOIKHDWLQJ IURP PHDVXUHPHQW RI JDV FRQFHQWUDWLRQV LV PRUH UHDGLO\ DFKLHYHG XQGHU XQYHQWLODWHG FRQGLWLRQV 7KLV LV QRW DOZD\V GHVLUDEOH EHFDXVH RI WKH SRVVLELOLW\RIWKHDFFXPXODWLRQRIPHWKDQHWRGDQJHURXVFRQFHQWUDWLRQV7KLVLVSULPDULO\EXW QRW H[FOXVLYHO\ D SUREOHP LQ WKH HDUO\ VWDJHV RI D YR\DJH 7KHUHIRUH LW LV UHFRPPHQGHG WKDW FDUJRVSDFHVDUHLQLWLDOO\YHQWLODWHGXQWLOPHDVXUHGPHWKDQHFRQFHQWUDWLRQVDUHDWDQDFFHSWDEO\ ORZOHYHO

0HDVXUHPHQWLQXQYHQWLODWHGKROGV

8QGHU QRUPDO FRQGLWLRQV RQH PHDVXUHPHQW SHU GD\ LV VXIILFLHQW DV D SUHFDXWLRQDU\ PHDVXUH +RZHYHU LI FDUERQ PRQR[LGH OHYHOV DUH KLJKHU WKDQ SSP WKHQ WKH IUHTXHQF\ VKDOO EH LQFUHDVHG WR DW OHDVW WZLFH D GD\ DW VXLWDEO\ VSDFHG LQWHUYDOV $Q\ DGGLWLRQDO UHVXOWV VKDOO EH ORJJHG

0HDVXUHPHQWLQYHQWLODWHGKROGV

,IWKHSUHVHQFHRIPHWKDQHLVVXFKWKDWWKHYHQWLODWRUVDUHUHTXLUHGWRUHPDLQRSHQWKHQD GLIIHUHQW SURFHGXUH VKDOO EH DSSOLHG WR HQDEOH WKH RQVHW RI DQ\ LQFLSLHQW VHOIKHDWLQJ WR EH GHWHFWHG

7R REWDLQ PHDQLQJIXO GDWD WKH YHQWLODWRUV VKDOO EH FORVHG IRU D SHULRG EHIRUH WKH PHDVXUHPHQWVDUHWDNHQ7KLVSHULRGPD\EHFKRVHQWRVXLWWKHRSHUDWLRQDOUHTXLUHPHQWVRIWKH YHVVHOEXWLWLVUHFRPPHQGHGWKDWLWLVQRWOHVVWKDQIRXUKRXUV,WLVYLWDOLQWKHLQWHUHVWVRIGDWD LQWHUSUHWDWLRQ WKDW WKH VKXWGRZQ WLPH LV FRQVWDQW ZKLFKHYHU WLPH SHULRG LV VHOHFWHG 7KHVH PHDVXUHPHQWVVKDOOEHWDNHQRQDGDLO\EDVLV

0HDVXUHPHQW LQ FDUJR DQG VHOIXQORDGLQJ VSDFHV RI JUDYLW\ IHG VHOIXQORDGLQJ EXON FDUULHU

0HDVXUHPHQWLQXQYHQWLODWHGFDUJRDQGVHOIXQORDGLQJVSDFHV

:KHQ WKH VKLSSHU KDV GHFODUHG WKDW WKH FRDO FDUJR KDV RU PD\ KDYH VHOIKHDWLQJ FKDUDFWHULVWLFVWKHKROGVVKDOOQRWEHYHQWLODWHGXQOHVVRWKHUZLVHVSHFLILHGLQWKLVVHFWLRQ

8QGHU QRUPDO FRQGLWLRQV RQH PHDVXUHPHQW SHU GD\ LV VXIILFLHQW DV D SUHFDXWLRQDU\ PHDVXUH,IFDUERQPRQR[LGHOHYHOVDUHKLJKHUWKDQSSPWKHQWKHIUHTXHQF\RIPHDVXUHPHQWV VKDOO EH LQFUHDVHG WR DW OHDVW WZLFH GDLO\ DW VXLWDEOH LQWHUYDOV $Q\ DGGLWLRQDO UHVXOWV VKDOO EH ORJJHG

136

Bilaga 1

06&$GG $11(; 3DJH

,I WKH FDUERQ PRQR[LGH OHYHO LQ DQ\ KROG LQGLFDWHV D VWHDG\ ULVH RU UHDFKHV SSP D VHOIKHDWLQJ FRQGLWLRQ PD\ EH GHYHORSLQJ DQG WKH RZQHUV RI WKH YHVVHO VKDOO EH QRWLILHG DV RXWOLQHG LQ WKH SURFHGXUHV $ERYH WKLV OHYHO WKH YHVVHO VKDOO RSHUDWH RQ ³QHJDWLYH SUHVVXUH´ YHQWLODWLRQ LQ RUGHU WR UHGXFHWKH DPRXQW RI FDUERQ PRQR[LGH 5HJXODU PRQLWRULQJ RI FDUERQ PRQR[LGHOHYHOVVKDOOFRQWLQXH

3HUVRQV HQWHULQJ FDUJR RU XQORDGLQJ VSDFHV ZLWK FDUERQ PRQR[LGH OHYHOV KLJKHU WKDQSSPVKDOOQRWGRVRZLWKRXWVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

0HDVXUHPHQWLQYHQWLODWHGFDUJRDQGVHOIXQORDGLQJVSDFHV

,IWKHSUHVHQFHRIPHWKDQHLVLQGLFDWHGE\PRQLWRUDQGVXFKWKDWYHQWLODWLRQLVUHTXLUHG WKHQDGLIIHUHQWSURFHGXUHVKDOOEHDSSOLHGWRHQDEOHWKHRQVHWRIDQ\SRVVLEOHVHOIKHDWLQJWREH GHWHFWHG³3RVLWLYHSUHVVXUH´RU³WKURXJKYHQWLODWLRQ´VKDOOEHRSHUDWHGWRUHPRYHWKHPHWKDQH

7RREWDLQPHDQLQJIXOGDWDWKHYHQWLODWRUVDQGRUYHQWLODWLRQVKDOOEHFORVHGIRUDSHULRG EHIRUHPHDVXUHPHQWVDUHWDNHQ7KLVSHULRGPD\EHFKRVHQWRVXLWWKHRSHUDWLRQDOUHTXLUHPHQWV RIWKHYHVVHOEXWLWLVUHFRPPHQGHGWKDWLWLVQRWOHVVWKDQIRXUKRXUV,WLVYLWDOLQWKHLQWHUHVWVRI GDWDLQWHUSUHWDWLRQWKDWWKHVKXWGRZQWLPHLVFRQVWDQWZKLFKHYHUWLPHSHULRGLVVHOHFWHG7KHVH PHDVXUHPHQWVVKDOOEHWDNHQRQDGDLO\EDVLV,IWKHFDUERQPRQR[LGHUHVXOWVH[KLELWDVWHDG\ ULVHRUH[FHHGSSPRQDQ\GD\WKHRZQHUVKDOOEHQRWLILHG

,QDGGLWLRQWKHIROORZLQJSRLQWVVKDOOEHFRQVLGHUHG

DW QR WLPH VKDOO YHQWLODWLRQ EH VKXW GRZQ ZKHQ FUHZ PHPEHUV DUH LQ WKH VHOIXQORDGLQJVSDFHV

VSHFLDO ILUHILJKWLQJ HTXLSPHQW DQGRU SURFHGXUHV PD\ EH QHFHVVDU\ IRU WKH YHVVHO DQG

HVWDEOLVKVSHFLILFFUHZWUDLQLQJIRUJUDYLW\IHGVHOIXQORDGLQJEXONFDUULHUV

137

Bilaga 1

06&$GG $11(; 3DJH

&2$/6/855<

'(6&5,37,21

&RDOVOXUU\LVDPL[WXUHRIILQHSDUWLFOHVRIFRDODQGZDWHU

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

8QGHUPP 1RWDSSOLFDEOH $

+$=$5'

&RDOVOXUU\LVOLDEOHWROLTXHI\GXULQJVHDWUDQVSRUW6SRQWDQHRXVFRPEXVWLRQLVSRVVLEOHLIWKH FRDOGULHVRXWEXWLVXQOLNHO\XQGHUQRUPDOFRQGLWLRQV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

:KHQ D FDUJR LV FDUULHG LQ D VKLS RWKHU WKDQ D VSHFLDOO\ FRQVWUXFWHG RU ILWWHG FDUJR VKLS FRPSO\LQJZLWKWKHUHTXLUHPHQWVLQVXEVHFWLRQRIWKLV&RGHWKHIROORZLQJSURYLVLRQVVKDOO EHFRPSOLHGZLWK WKHPRLVWXUHFRQWHQWRIWKHFDUJRVKDOOEHNHSWOHVVWKDQLWV70/GXULQJYR\DJH XQOHVVH[SUHVVO\SURYLGHGRWKHUZLVHLQWKLVLQGLYLGXDOVFKHGXOHWKHFDUJRVKDOOQRW EHKDQGOHGGXULQJSUHFLSLWDWLRQ XQOHVV H[SUHVVO\ SURYLGHG RWKHUZLVH LQ WKLV LQGLYLGXDO VFKHGXOH GXULQJ KDQGOLQJ RIWKHFDUJRDOOQRQZRUNLQJKDWFKHVRIWKHFDUJRVSDFHVLQWRZKLFKWKHFDUJRLV ORDGHGRUWREHORDGHGVKDOOEHFORVHG WKH FDUJR PD\ EH KDQGOHG GXULQJ SUHFLSLWDWLRQ SURYLGHG WKDWWKH DFWXDO PRLVWXUH FRQWHQWRIWKHFDUJRLVVXIILFLHQWO\OHVVWKDQLWV70/VRWKDWWKHDFWXDOPRLVWXUH FRQWHQWLVQRWOLDEOHWREHLQFUHDVHGEH\RQGWKH70/E\WKHSUHFLSLWDWLRQDQG WKHFDUJRLQDFDUJRVSDFHPD\EHGLVFKDUJHGGXULQJSUHFLSLWDWLRQSURYLGHGWKDW WKHWRWDODPRXQWRIWKHFDUJRLQWKHFDUJRVSDFHLVWREHGLVFKDUJHGLQWKHSRUW

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

138

Bilaga 1

06&$GG $11(; 3DJH

35(&$87,216

%LOJHZHOOVVKDOOEHFOHDQGU\DQGFRYHUHGDVDSSURSULDWHWRSUHYHQWLQJUHVVRIWKHFDUJR

9(17,/$7,21

$VWKLVFDUJRLQJHQHUDOPD\HPLWPHWKDQHWKHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOEHWHVWHG UHJXODUO\ XVLQJ D VXLWDEOH JDV GHWHFWRU DQG QDWXUDO VXUIDFH YHQWLODWLRQ VKDOO EH FRQGXFWHG DV QHFHVVDU\

&$55,$*(

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

139

Bilaga 1

06&$GG $11(; 3DJH

&2$56(&+233('7<5(6

'(6&5,37,21

&KRSSHGRUVKUHGGHGIUDJPHQWVRIXVHGW\UHVLQFRDUVHVL]H

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

&/($183

1RVSHFLDOUHTXLUHPHQWV

141

Bilaga 1

06&$GG $11(; 3DJH

&2.(

'(6&5,37,21

*UH\OXPSVPD\FRQWDLQILQHV%UHH]H

&+$5$&7(5,67,&6

142

Bilaga 1

06&$GG $11(; 3DJH

&2.(%5((=(

'(6&5,37,21

*UH\LVKSRZGHU

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

/HVVWKDQPP 1RWDSSOLFDEOH $

+$=$5'

&RNHEUHH]HLVOLDEOHWRIORZLILWKDVVXIILFLHQWO\KLJKPRLVWXUHFRQWHQW 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

%LOJHZHOOVVKDOOEHFOHDQGU\DQGFRYHUHGDVDSSURSULDWHWRSUHYHQWLQJUHVVRIWKHFDUJR

143

Bilaga 1

06&$GG $11(; 3DJH

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

$IWHU GLVFKDUJH RI WKLV FDUJR WKH ELOJH ZHOOV DQG WKH VFXSSHUV RI WKH FDUJR VSDFHV VKDOO EH FKHFNHGDQGDQ\EORFNDJHLQWKHELOJHZHOOVDQGWKHVFXSSHUVVKDOOEHUHPRYHG

144

Bilaga 1

06&$GG $11(; 3DJH

&2/(0$1,7(

'(6&5,37,21

$ QDWXUDO K\GUDWHG FDOFLXP ERUDWH )LQH WR OXPSV OLJKW JUH\ DSSHDUDQFH VLPLODU WR FOD\ 0RLVWXUHDSSUR[LPDWHO\

&+$5$&7(5,67,&6

145

Bilaga 1

06&$GG $11(; 3DJH

&233(5*5$18/(6

'(6&5,37,21

6SKHUHVKDSHGSHEEOHVFRSSHUZLWKOHDGWLQ]LQFWUDFHVRIRWKHUV0RLVWXUHFRQWHQW DSSUR[LPDWHO\/LJKWJUH\FRORXUZKHQGU\GDUNJUHHQZKHQZHW2GRXUOHVV

&+$5$&7(5,67,&6

146

Bilaga 1

06&$GG $11(; 3DJH

&233(50$77(

'(6&5,37,21

&UXGHEODFNFRSSHURUH&RPSRVHGRIFRSSHUDQGLPSXULWLHV6PDOOPHWDOOLFURXQG VWRQHVRUSHOOHWV2GRXUOHVV

&+$5$&7(5,67,&6

147

Bilaga 1

06&$GG $11(; 3DJH

&235$GU\81

'(6&5,37,21

'ULHGNHUQHOVRIFRFRQXWVZLWKDSHQHWUDWLQJUDQFLGRGRXUZKLFKPD\WDLQWRWKHUFDUJRHV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

/LDEOHWRKHDWDQGLJQLWHVSRQWDQHRXVO\HVSHFLDOO\ZKHQLQFRQWDFWZLWKZDWHU/LDEOHWRFDXVH R[\JHQGHSOHWLRQLQWKHFDUJRVSDFH

672:$( 6(5(*$7,21

7KLVFDUJRVKDOOQRWEHVWRZHGRQRUDGMDFHQWWRKHDWHGVXUIDFHVLQFOXGLQJIXHORLOWDQNV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH 7KLVFDUJRVKDOOQRWEHDFFHSWHGIRUORDGLQJZKHQZHW

35(&$87,216

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

9(17,/$7,21

6XUIDFHYHQWLODWLRQRQO\HLWKHUQDWXUDORUPHFKDQLFDOVKDOOEHFRQGXFWHGDVQHFHVVDU\GXULQJ WKHYR\DJHIRUWKLVFDUJR

148

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

7KHWHPSHUDWXUHRIWKLVFDUJRVKDOOEHPHDVXUHGDQGUHFRUGHGUHJXODUO\GXULQJYR\DJHWRPRQLWRU IRUSRVVLEOHVHOIKHDWLQJ

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG([FOXVLRQRIDLU PD\EHVXIILFLHQWWRFRQWUROILUH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

149

Bilaga 1

06&$GG $11(; 3DJH

&5<2/,7(

'(6&5,37,21

$IOXRULGHRIVRGLXPDQGDOXPLQLXPXVHGLQWKHSURGXFWLRQRIDOXPLQLXPDQGIRUFHUDPLFJOD]HV *UH\SHOOHWV

&+$5$&7(5,67,&6

150

Bilaga 1

06&$GG $11(; 3DJH

',$0021,803+263+$7('$3

'(6&5,37,21

2GRXUOHVVZKLWHFU\VWDOVRUSRZGHU'HSHQGLQJRQVRXUFHLWFDQEHGXVW\+\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

qWRq WR WR

6,=( &/$66 *5283

'LDPHWHUPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN 7KLVFDUJRLVK\JURVFRSLFDQGPD\KDUGHQLQWKHFDUJRVSDFHXQGHUKXPLGFRQGLWLRQV

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

&RQGHQVDWLRQ LQ WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VZHDWLQJ RI WKLV FDUJR DQG HQWHULQJ RI ZDWHU IURP KDWFK FRYHUV WR WKH FDUJR VSDFHV VKDOO EH FKHFNHG UHJXODUO\ GXULQJ WKH YR\DJH 'XHDWWHQWLRQVKDOOEHSDLGWRWKHVHDOLQJRIKDWFKHVRIWKHFDUJRVSDFHV

151

Bilaga 1

06&$GG $11(; 3DJH

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

$IWHUGLVFKDUJHRIWKLVFDUJRSDUWLFXODUDWWHQWLRQVKDOOEHSDLGWRELOJHZHOOVRIWKHFDUJRVSDFHV

152

Bilaga 1

06&$GG $11(; 3DJH

',5(&75('8&(',521$ %ULTXHWWHVKRWPRXOGHG

'(6&5,37,21

'LUHFW UHGXFHG LURQ$LV D PHWDOOLF JUH\ PDWHULDO PRXOGHG LQ D EULTXHWWH IRUP HPDQDWLQJ IURPDGHQVLILFDWLRQSURFHVVZKHUHE\WKHGLUHFWUHGXFHGLURQ'5,IHHGPDWHULDOLVPRXOGHGDWD R WHPSHUDWXUH JUHDWHU WKDQ & DQG KDV D GHQVLW\ JUHDWHU WKDQNJP )LQHV DQG VPDOO SDUWLFOHVXQGHUPPVKDOOQRWH[FHHGE\ZHLJKW

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR 7REHYHULILHGE\WKHVKLSSHU

6,=( &/$66 *5283

$SSUR[LPDWHVL]H 0+% % /HQJWKPPWRPP :LGWKPPWRPP 7KLFNQHVVPPWRPP %ULTXHWWHZHLJKWWRNJ )LQHVDQGVPDOOSDUWLFOHV XQGHUPP

+$=$5'

R 7HPSRUDU\ LQFUHDVH LQ WHPSHUDWXUH RI DERXW & GXH WR VHOIKHDWLQJ PD\ EH H[SHFWHG DIWHU PDWHULDO KDQGOLQJ LQ EXON 7KH PDWHULDO PD\ VORZO\ HYROYH K\GURJHQ DIWHU FRQWDFW ZLWK ZDWHU QRWDEO\VDOLQHZDWHU+\GURJHQLVDIODPPDEOHJDVWKDWFDQIRUPDQH[SORVLYHPL[WXUHZKHQ PL[HGZLWKDLULQFRQFHQWUDWLRQDERYHE\YROXPH,WLVOLDEOHWRFDXVHR[\JHQGHSOHWLRQLQ FDUJRVSDFHV7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHG IURP´ JRRGV RI FODVV GLYLVLRQ6 DQG DQG FODVV DFLGV LQ SDFNDJHG IRUPVHH,0'*&RGH ³6HSDUDWHGIURP´VROLGEXONPDWHULDOVRIFODVVHVDQG ³6HSDUDWHG ORQJLWXGLQDOO\ E\ DQ LQWHUYHQLQJ FRPSOHWH FRPSDUWPHQW RU KROG IURP´ JRRGV RI FODVVRWKHUWKDQGLYLVLRQ6 %RXQGDULHVRIFRPSDUWPHQWVZKHUHWKLVFDUJRLVFDUULHGVKDOOEHUHVLVWDQWWRILUHDQGSDVVDJHRI OLTXLG

+2/'&/($1/,1(66

7KHFDUJRVSDFHVVKDOOEHFOHDQGU\DQGIUHHIURPVDOWDQGUHVLGXHVRISUHYLRXVFDUJRHV3ULRUWR ORDGLQJZRRGHQIL[WXUHVVXFKDVEDWWHQVORRVHGXQQDJHGHEULVDQGFRPEXVWLEOHPDWHULDOVVKDOO EHUHPRYHG

153

Bilaga 1

06&$GG $11(; 3DJH

:($7+(535(&$87,216

7KLVFDUJRVKDOOEHNHSWDVGU\DVSUDFWLFDEOHGXULQJORDGLQJDQGWKHYR\DJH2SHQVWRUDJHLV DFFHSWDEOH SULRU WR ORDGLQJ 7KLV FDUJR VKDOO QRW EH ORDGHG RQWR VKLSV RU WUDQVIHUUHG EHWZHHQ VKLSVRUEDUJHVGXULQJSUHFLSLWDWLRQ'XULQJORDGLQJRIWKLVFDUJRDOOQRQZRUNLQJKDWFKHVRIWKH FDUJR VSDFHV LQWR ZKLFK WKLV FDUJR LV ORDGHG RU WR EH ORDGHG VKDOO EH NHSW FORVHG 2QO\ ZKHQ ZHDWKHU SHUPLWV PD\ QRQZRUNLQJ KDWFK FRYHUV EH OHIW RSHQ IRU D PLQLPXP RI KRXU DIWHU FRPSOHWLRQRIHDFKSRXUWRDOORZFRROLQJDIWHUFDUJRKDQGOLQJLQEXON

/2$',1*

3ULRU WR ORDGLQJ WKLV FDUJR WKH VKLSSHU VKDOO SURYLGH WKH PDVWHU ZLWK D FHUWLILFDWH LVVXHG E\ D FRPSHWHQWSHUVRQUHFRJQL]HGE\WKHQDWLRQDO$GPLQLVWUDWLRQRIWKHSRUWRIORDGLQJVWDWLQJWKDWWKH FDUJRDWWKHWLPHRIORDGLQJLVVXLWDEOHIRUVKLSPHQWDQGWKDWLWFRQIRUPVZLWKWKHUHTXLUHPHQWV RI WKLV &RGH WKDW WKH TXDQWLW\ RI ILQHV DQG VPDOO SDUWLFOHV XSWRPP LQ VL]H LV QR PRUH WKDQ E\ ZHLJKW WKH PRLVWXUH FRQWHQW LV OHVV WKDQ DQG WKH WHPSHUDWXUH GRHV QRW H[FHHG&

7KLVFDUJRVKDOOQRWEHORDGHGZKHQWKHWHPSHUDWXUHLVLQH[FHVVRI&LILWVPRLVWXUHFRQWHQW LV LQ H[FHVV RI RU LI WKH TXDQWLW\ RI ILQHV DQG VPDOO SDUWLFOHV XS WR PP LQ VL]H H[FHHGVE\ZHLJKW

$SSURSULDWH SUHFDXWLRQV VKDOO EH WDNHQ GXULQJ ORDGLQJ LQ RUGHU WR KDYH D FDUJR FRPSRVHG RI HVVHQWLDOO\ZKROHEULTXHWWHV7KHFDUJRVKDOOEHORDGHGLQVXFKDZD\VRDVWRPLQLPL]HEUHDNDJH RIEULTXHWWHVDQGWKHDGGLWLRQDOJHQHUDWLRQRIILQHVDQGVPDOOSDUWLFOHVDQGFRQFHQWUDWLRQRIILQHV LQ DQ\ DUHD RI WKH FDUJR 7KH DGGLWLRQ RI ILQHV DQG SDUWLFOHV OHVV WKDQ PP RU GXVW LQ KRPRJHQRXVFDUJRHVRIEULTXHWWHVVKDOOEHSURKLELWHG

7ULP LQ DFFRUGDQFH ZLWK WKH UHOHYDQW SURYLVLRQV UHTXLUHG XQGHU VHFWLRQV DQG RI WKH &RGH 'XHFRQVLGHUDWLRQVKDOOEHJLYHQWRHYHQO\VSUHDGLQJWKHFDUJRDFURVVWKHWDQNWRSWRPLQLPL]H WKHFRQFHQWUDWLRQRIILQHV

7KH FDUJR WHPSHUDWXUH VKDOO EH PRQLWRUHG GXULQJ ORDGLQJ DQG UHFRUGHG LQ D ORJ GHWDLOLQJ WKH WHPSHUDWXUHIRUHDFKORWRIFDUJRORDGHGDFRS\RIZKLFKVKDOOEHSURYLGHGWRWKHPDVWHU$IWHU ORDGLQJ D FHUWLILFDWH FRQILUPLQJ WKDW WKURXJKRXW WKH ZKROH FRQVLJQPHQW WKH ILQHV DQG VPDOO SDUWLFOHV XQGHU PP LQ VL]H DUH OHVV WKDQ E\ ZHLJKW VKDOO EH LVVXHG E\ D FRPSHWHQW SHUVRQUHFRJQL]HGE\WKHQDWLRQDO$GPLQLVWUDWLRQRIWKHSRUWRIORDGLQJ

35(&$87,216

7KHFDUULHU¶VQRPLQDWHGWHFKQLFDOSHUVRQVRURWKHUUHSUHVHQWDWLYHVVKDOOKDYHUHDVRQDEOHDFFHVVWR VWRFNSLOHVDQGORDGLQJLQVWDOODWLRQVIRULQVSHFWLRQ

6KLSSHUV VKDOO SURYLGH FRPSUHKHQVLYH LQIRUPDWLRQ RQ WKH FDUJR DQG VDIHW\ SURFHGXUHV WR EH IROORZHGLQWKHHYHQWRIHPHUJHQF\7KHVKLSSHUPD\DOVRSURYLGHDGYLFHLQDPSOLILFDWLRQRIWKLV &RGHEXWWKHDGYLFHVKDOOQRWEHFRQWUDU\WKHUHWRLQUHVSHFWRIVDIHW\

:KHUH SUDFWLFDEOH EDOODVW WDQNV DGMDFHQW WR WKH FDUJR VSDFHV FRQWDLQLQJ WKLV FDUJR RWKHU WKDQ GRXEOHERWWRP WDQNV VKDOO EH NHSW HPSW\ :HDWKHU GHFN FORVXUHV DQG KDWFK FRYHUV VKDOO EH LQVSHFWHG DQG WHVWHG WR HQVXUH LQWHJULW\ DQG ZHDWKHU WLJKWQHVV ZKLFK VKDOO EH PDLQWDLQHG WKURXJKRXWWKHYR\DJH

154

Bilaga 1

06&$GG $11(; 3DJH

$SSURSULDWH SUHFDXWLRQV VKDOO EH WDNHQ WR SURWHFW PDFKLQHU\ HTXLSPHQW DQG DFFRPPRGDWLRQ VSDFHVIURPWKHGXVWRIWKHFDUJR5DGDUVDQGH[SRVHGUDGLRFRPPXQLFDWLRQHTXLSPHQWRIWKH VKLSVKDOOEHSURWHFWHGIURPWKHGXVWRIWKLVFDUJR%LOJHZHOOVRIWKHFDUJRVSDFHVVKDOOEHFOHDQ GU\DQGSURWHFWHGIURPLQJUHVVRIWKHFDUJRXVLQJQRQFRPEXVWLEOHPDWHULDO3HUVRQVZKRPD\ EHH[SRVHGWRWKHGXVWRIWKHFDUJRVKDOOZHDUSURWHFWLYHFORWKLQJJRJJOHVRURWKHUHTXLYDOHQW GXVWH\HSURWHFWLRQDQGGXVWILOWHUPDVNVDVQHFHVVDU\

'XULQJ KDQGOLQJ RI WKLV FDUJR ³12 602.,1*´ VLJQV VKDOO EH SRVWHG RQ GHFNV DQG LQ DUHDV DGMDFHQWWRFDUJRVSDFHVDQGQRQDNHGOLJKWVVKDOOEHSHUPLWWHGLQWKHVHDUHDV

&DUJR VSDFHV FRQWDLQLQJ WKLV FDUJR DQG DGMDFHQW VSDFHV PD\ EHFRPH R[\JHQGHSOHWHG )ODPPDEOHJDVPD\DOVREXLOGXSLQWKHVHVSDFHV$OOSUHFDXWLRQVVKDOOEHWDNHQXSRQHQWHULQJ WKHFDUJRDQGDGMDFHQWVSDFHV

9(17,/$7,21

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

&$55,$*(

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

%LOJHZHOOVVKDOOEHFKHFNHGUHJXODUO\IRUWKHSUHVHQFHRIZDWHU,IZDWHULVIRXQGLWVKDOOEH UHPRYHGE\SXPSLQJRUGUDLQLQJWKHELOJHZHOOV

7HPSHUDWXUHRIWKHFDUJRVKDOOEHWDNHQUHJXODUO\GXULQJWKHYR\DJHDQGDUHFRUGNHSWRQERDUG IRU D PLQLPXP RI WZR \HDUV ,IWKHWHPSHUDWXUHLQWKHFDUJRVSDFHH[FHHGV&DSSURSULDWH VDIHW\SUHFDXWLRQVVKDOOEHWDNHQLQDFFRUGDQFHZLWKWKHSURFHGXUHVSURYLGHGE\WKHVKLSSHULQ FDVHRIHPHUJHQF\,ILQGRXEWH[SHUWDGYLFHVKDOOEHVRXJKW

',6&+$5*(

7KH K\GURJHQ FRQFHQWUDWLRQ LQ WKH FDUJR VSDFH VKDOO EH PHDVXUHG LPPHGLDWHO\ EHIRUH DQ\ RSHQLQJ DFWLRQ RI WKH KDWFK FRYHUV ,I WKH K\GURJHQ FRQFHQWUDWLRQ LV JUHDWHU WKDQ !/(/ E\ YROXPH DOO DSSURSULDWH VDIHW\ SUHFDXWLRQV LQ FRQIRUPLW\ ZLWK WKH SURFHGXUHV SURYLGHGE\WKHVKLSSHURUWKHUHFRPPHQGDWLRQVRIWKHFRPSHWHQWDXWKRULW\VKDOOEHWDNHQ,ILQ GRXEWH[SHUWDGYLFHVKDOOEHVRXJKW

155

Bilaga 1

06&$GG $11(; 3DJH 'XULQJGLVFKDUJHDILQHVSUD\RIIUHVKZDWHUPD\EHDSSOLHGWRWKLVFDUJRIRUGXVWFRQWURORQO\ ZKHQWKHFDUJRZLOOEHVWRUHGLQDQRSHQDUHD,WLVQRWUHFRPPHQGHGWRDSSO\DILQHVSUD\RI IUHVKZDWHUWRWKLVFDUJRZKHQLWZLOOEHVWRUHGLQDQHQFORVHGVSDFHRULVWREHWUDQVKLSSHG

&/($183

$FFXPXODWLRQVRIGXVWIURPWKLVFDUJRRQGHFNRULQSUR[LPLW\WRFDUJRVSDFHVVKDOOEHUHPRYHG DV TXLFNO\ DV SRVVLEOH &RQVLGHUDWLRQ VKDOO EH JLYHQ WR FDUHIXOO\ FOHDQLQJ H[SRVHG UDGLR FRPPXQLFDWLRQV HTXLSPHQW WR ZKLFK GXVW IURP WKH FDUJR PLJKW DGKHUH VXFK DV UDGDU UDGLR DHULDOV9+)LQVWDOODWLRQV$,6DQG*36+RVLQJZLWKVHDZDWHUVKRXOGEHDYRLGHG

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

'RQRWXVHZDWHU 'RQRWXVHVWHDP'RQRWXVH&2

%DWWHQGRZQ 7KHVSHFLILFSURFHGXUHVLQWKHHYHQWRIHPHUJHQF\SURYLGHGE\WKHVKLSSHUVKRXOGEH FRQVXOWHGDQGIROORZHGDVDSSURSULDWH,ILQGRXEWH[SHUWDGYLFHVKRXOGEHVRXJKWDV TXLFNO\DVSRVVLEOH 3UHSDUDWLRQVVKRXOGEHPDGHIRUJUDEGLVFKDUJHLIVHULRXVKHDWLQJRFFXUV

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

156

Bilaga 1

06&$GG $11(; 3DJH

',5(&75('8&(',521% /XPSVSHOOHWVFROGPRXOGHGEULTXHWWHV

'(6&5,37,21

'LUHFW UHGXFHG LURQ '5,% LV D KLJKO\ SRURXV EODFNJUH\ PHWDOOLF PDWHULDO IRUPHG E\ WKH UHGXFWLRQ UHPRYDO RI R[\JHQ RI LURQ R[LGH DW WHPSHUDWXUHV EHORZ WKH IXVLRQ SRLQW RI LURQ &ROGPRXOGHG EULTXHWWHV DUH GHILQHG DV WKRVH ZKLFK KDYH EHHQ PRXOGHG DW D WHPSHUDWXUH OHVV R WKDQ & RU ZKLFK KDYH D GHQVLW\ RI OHVV WKDQ NJP )LQHV DQG VPDOO SDUWLFOHV XQGHUPPLQVL]HVKDOOQRWH[FHHGE\ZHLJKW

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

/XPSVDQGSHOOHWV 0+% % $YHUDJHSDUWLFOHVL]HPP WRPP &ROGPRXOGHGEULTXHWWHV $SSUR[LPDWHPD[LPXP GLPHQVLRQVPPWRPP )LQHVDQGVPDOOSDUWLFOHVXQGHU PPXSWRE\ZHLJKW

+$=$5'

R 7HPSRUDU\ LQFUHDVH LQ WHPSHUDWXUH RI DERXW & GXH WR VHOIKHDWLQJ PD\ EH H[SHFWHG DIWHU PDWHULDOKDQGOLQJLQEXON

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

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´JRRGVRIFODVVHVGLYLVLRQ6DQGDQGFODVVDFLGVLQSDFNDJHG IRUP6HH,0'*&RGH ³6HSDUDWHGIURP´VROLGEXONPDWHULDOVRIFODVVHVDQG *RRGVRIFODVVRWKHUWKDQGLYLVLRQ6VKDOOQRWEHFDUULHGLQWKHVDPHVKLS %RXQGDULHVRIFRPSDUWPHQWVZKHUHWKLVFDUJRLVFDUULHGVKDOOEHUHVLVWDQWWRILUHDQGSDVVDJHRI OLTXLG

157

Bilaga 1

06&$GG $11(; 3DJH

+2/'&/($1/,1(66

7KHFDUJRVSDFHVVKDOOEHFOHDQGU\DQGIUHHIURPVDOWDQGUHVLGXHVRISUHYLRXVFDUJRHV3ULRUWR ORDGLQJZRRGHQIL[WXUHVVXFKDVEDWWHQVORRVHGXQQDJHGHEULVDQGFRPEXVWLEOHPDWHULDOVVKDOO EHUHPRYHG

:($7+(535(&$87,216

7KH FDUJR VKDOO EH NHSW GU\ DW DOO WLPHV GXULQJ VWRUDJH EHIRUH DQG GXULQJ ORDGLQJ DQG GXULQJ WUDQVSRUWDWLRQ7KHFDUJRVKDOOQRWEHORDGHGRQWRVKLSVRUWUDQVIHUUHGEHWZHHQVKLSVRUEDUJHV GXULQJSUHFLSLWDWLRQ'XULQJORDGLQJRIWKLVFDUJRDOOQRQZRUNLQJKDWFKHVRIFDUJRVSDFHVLQWR ZKLFKWKLVFDUJRLVORDGHGRULVWREHORDGHGVKDOOEHNHSWFORVHG

/2$',1*

3ULRU WR ORDGLQJ WKH WHUPLQDO VKDOO HQVXUH WKDW WKH FRQYH\RU EHOWV XVHG IRU ORDGLQJ WKLV FDUJR FRQWDLQ QR DFFXPXODWLRQ RI ZDWHU RU RWKHU VXEVWDQFHV (DFK WLPH FDUJR RSHUDWLRQV DUH FRPPHQFHG RU UHVWDUWHG SDUWLFXODUO\ DIWHU UDLQ RU ZDVKLQJ GRZQ DQ\ ORDGLQJ EHOW VKDOO EH RSHUDWHGHPSW\DQGQRWRYHUDVKLS¶VFDUJRVSDFH

3ULRUWRORDGLQJDQXOWUDVRQLFWHVWRUDQRWKHUHTXLYDOHQWPHWKRGZLWKDVXLWDEOHLQVWUXPHQWVKDOO EHFRQGXFWHGWRHQVXUHZHDWKHUWLJKWQHVVRIWKHKDWFKFRYHUVDQGFORVLQJDUUDQJHPHQWVDQGDOO UHDGLQJVVKDOOFRQILUPZHDWKHUWLJKWQHVV

3ULRU WR ORDGLQJ WKLV FDUJR WKH VKLSSHU VKDOO SURYLGH WKH PDVWHU ZLWK D FHUWLILFDWH LVVXHG E\ D FRPSHWHQWSHUVRQUHFRJQL]HGE\WKHQDWLRQDO$GPLQLVWUDWLRQRIWKHSRUWRIORDGLQJVWDWLQJWKDWWKH FDUJRDWWKHWLPHRIORDGLQJLVVXLWDEOHIRUVKLSPHQWDQGWKDWLWFRQIRUPVZLWKWKHUHTXLUHPHQWV RIWKLV&RGHWKDWWKHTXDQWLW\RIILQHVDQGVPDOOSDUWLFOHVLVQRPRUHWKDQE\ZHLJKWWKDWWKH PRLVWXUH FRQWHQW LV OHVV WKDQ DQG WKDW WKH WHPSHUDWXUH GRHV QRW H[FHHG & 7KLV FHUWLILFDWHVKDOOVWDWHWKHGDWHRIPDQXIDFWXUHIRUHDFKORWRIFDUJRWREHORDGHGLQRUGHUWRPHHW WKHORDGLQJFULWHULDLQUHJDUGVWRDJHLQJDQGPDWHULDOWHPSHUDWXUH

7KHFDUJRVKDOOQRWEHDFFHSWHGIRUORDGLQJZKHQLWVWHPSHUDWXUHLVLQH[FHVVRI&RULILWV PRLVWXUHFRQWHQWLVLQH[FHVVRIRULIWKHTXDQWLW\RIILQHVDQGVPDOOSDUWLFOHVH[FHHGV E\ZHLJKW$Q\FDUJRWKDWKDVEHHQZHWWHGRULVNQRZQWRKDYHEHHQZHWWHGVKDOOQRWEHORDGHG LQWRDQ\FDUJRVSDFH

3ULRUWRORDGLQJSURYLVLRQVKDOOEHPDGHWRLQWURGXFHDGU\LQHUWJDVDWWDQNWRSOHYHOVRWKDWWKH LQHUWJDVSXUJHVWKHDLUIURPWKHFDUJRDQGILOOVWKHIUHHYROXPHDERYH1LWURJHQLVSUHIHUUHGIRU WKLVSXUSRVH$OOYHQWVDFFHVVHVDQGRWKHURSHQLQJVVXFKDVFRDPLQJGUDLQVWKDWFRXOGDOORZWKH LQHUWDWPRVSKHUHWREHORVWIURPFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOEHFORVHGDQGVHDOHG

7KHFDUJRVKDOOEHORDGHGLQVXFKDZD\DVWRPLQLPL]HERWKWKHEUHDNDJHRIWKHFROGPRXOGHG EULTXHWWHVSHOOHWVOXPSVDQGWKHDGGLWLRQDOJHQHUDWLRQRIILQHVDQGWKHFRQFHQWUDWLQJRIILQHVLQ DQ\DUHDRIWKHFDUJR7KLVFDUJRVKDOOEHKRPRJHQRXVZLWKQRDGGHGZDVWH7KHDGGLWLRQRI '5,SDUWLFOHVILQHVRUGXVWLQWKLVFDUJRVKDOOEHSURKLELWHG

'XHFRQVLGHUDWLRQVKDOOEHJLYHQWRHYHQO\VSUHDGLQJWKHFDUJRDFURVVWKHWDQNWRSWRPLQLPL]H WKH FRQFHQWUDWLRQ RI ILQHV 7ULP LQ DFFRUGDQFH ZLWK WKH UHOHYDQW SURYLVLRQV UHTXLUHG XQGHU VHFWLRQVDQGRIWKH&RGH

158

Bilaga 1

06&$GG $11(; 3DJH

7KH FDUJR WHPSHUDWXUH DQG PRLVWXUH VKDOO EH PRQLWRUHG GXULQJ ORDGLQJ DQG UHFRUGHG LQ D ORJ GHWDLOLQJ WKH WHPSHUDWXUH DQG PRLVWXUH IRU HDFK ORW RI FDUJR ORDGHG D FRS\ RI ZKLFK VKDOO EH SURYLGHG WR WKH PDVWHU $IWHU ORDGLQJ D FHUWLILFDWH VKDOO EH LVVXHG E\ D FRPSHWHQW SHUVRQ UHFRJQL]HGE\WKHQDWLRQDO$GPLQLVWUDWLRQRIWKHSRUWRIORDGLQJFRQILUPLQJWKDWWKURXJKRXWWKH ZKROHFRQVLJQPHQWILQHVDQGVPDOOSDUWLFOHVXQGHUPPVL]HDUHOHVVWKDQE\ZHLJKW WKDWWKHPRLVWXUHFRQWHQWKDVQRWH[FHHGHGDQGWKHWHPSHUDWXUHGRHVQRWH[FHHG&

2QFRPSOHWLRQRIORDGLQJRIDFDUJRVSDFHLWVKDOOEHLPPHGLDWHO\FORVHGDQGVHDOHG6XIILFLHQW LQHUWJDVVKDOOWKHQEHLQWURGXFHGWRDFKLHYHDQR[\JHQFRQFHQWUDWLRQOHVVWKDQWKURXJKRXWWKH FDUJRVSDFH

35(&$87,216

'XHFRQVLGHUDWLRQVKDOOEHJLYHQWRWKHSRVVLELOLW\RIPRLVWXUHLQVLGHWKHFDUJRSLOHLQRUGHUWR DYRLGORDGLQJRIZHWFDUJRRUDZHWSDUWRIWKHFDUJRUHFRJQL]LQJWKDWWKHERWWRPRIWKHSLOHFDQ EH ZHW HYHQ WKRXJK WKH VXUIDFH RI FDUJR SLOH ORRNV GU\ 7KH FDUULHU¶V QRPLQDWHG WHFKQLFDO SHUVRQV RU RWKHU UHSUHVHQWDWLYHV VKDOO KDYH UHDVRQDEOH DFFHVV WR VWRFNSLOHV DQG ORDGLQJ LQVWDOODWLRQVIRULQVSHFWLRQ

3ULRUWRVKLSPHQWWKHFDUJRVKDOOEHDJHGIRUDWOHDVWGD\VRUWUHDWHGZLWKDQDLUSDVVLYDWLRQ WHFKQLTXHRUDQRWKHUHTXLYDOHQWPHWKRGWKDWUHGXFHVWKHUHDFWLYLW\WRWKHVDPHOHYHODVWKHDJHG SURGXFW6XFKDJLQJSURFHVVVKDOOEHDSSURYHGE\WKHFRPSHWHQWDXWKRULW\WKDWVKDOODOVRSURYLGH DFHUWLILFDWHWRWKDWHIIHFW

6KLSSHUV VKDOO SURYLGH FRPSUHKHQVLYH LQIRUPDWLRQ RQ WKH FDUJR DQG VDIHW\ SURFHGXUHV WR EH IROORZHGLQWKHHYHQWRIHPHUJHQF\7KLVDGYLFHPD\EHDQDPSOLILFDWLRQRIWKLV&RGHEXWVKDOO QRWEHFRQWUDU\WKHUHWRLQUHVSHFWRIVDIHW\

:KHUH SUDFWLFDEOH EDOODVW WDQNV DGMDFHQW WR WKH FDUJR VSDFHV FRQWDLQLQJ WKLV FDUJR RWKHU WKDQ GRXEOHERWWRPWDQNVVKDOOEHNHSWHPSW\:HDWKHUWLJKWQHVVVKDOOEHPDLQWDLQHGWKURXJKRXWWKH YR\DJH %LOJH ZHOOV RI WKH FDUJR VSDFHV VKDOO EH FOHDQ GU\ DQG SURWHFWHG IURP LQJUHVV RI WKH FDUJRXVLQJQRQFRPEXVWLEOHPDWHULDO

'XHFRQVLGHUDWLRQVKDOOEHJLYHQWRSURWHFWLQJHTXLSPHQWPDFKLQHU\DQGDFFRPPRGDWLRQVSDFHV IURPWKHGXVWRIWKHFDUJR5DGDUVDQGH[SRVHGUDGLRFRPPXQLFDWLRQHTXLSPHQWRIVKLSVZKLFK FDUU\WKLVFDUJRVKDOOEHSURWHFWHGIURPWKHGXVWRIWKLVFDUJR3HUVRQVZKRPD\EHH[SRVHGWR WKH GXVW RI WKH FDUJR VKDOO ZHDU SURWHFWLYH FORWKLQJ JRJJOHV RU RWKHU HTXLYDOHQW GXVW H\HSURWHFWLRQDQGGXVWILOWHUPDVNVDVQHFHVVDU\

'XULQJDQ\KDQGOLQJRIWKLVFDUJR³12602.,1*´VLJQVVKDOOEHSRVWHGRQGHFNVDQGLQDUHDV DGMDFHQW WR FDUJR VSDFHV DQG QR QDNHG OLJKWV VKDOO EH SHUPLWWHG LQ WKHVH DUHDV 6PRNLQJ EXUQLQJ FXWWLQJ FKLSSLQJ JULQGLQJ RU RWKHU VRXUFHV RI LJQLWLRQ VKDOO QRW EH DOORZHG LQ WKH YLFLQLW\RIFDUJRVSDFHVFRQWDLQLQJWKLVFDUJRDWDQ\WLPH

&DUJR VSDFHV FRQWDLQLQJ WKLV FDUJR DQG DGMDFHQW VSDFHV PD\ EHFRPH R[\JHQGHSOHWHG )ODPPDEOHJDVPD\DOVREXLOGXSLQWKHVHVSDFHV$OOSUHFDXWLRQVVKDOOEHWDNHQZKHQHQWHULQJ WKHFDUJRVSDFHV

159

Bilaga 1

06&$GG $11(; 3DJH

7KHVKLSVKDOOEHSURYLGHGZLWKWKHPHDQVWRHQVXUHWKDWWKHUHTXLUHPHQWRIWKLV&RGHWRPDLQWDLQ WKH R[\JHQ FRQFHQWUDWLRQ EHORZ FDQ EH DFKLHYHG WKURXJKRXW WKH YR\DJH 7KH VKLS¶V IL[HG &2 ILUHILJKWLQJ V\VWHP VKDOO QRW EH XVHG IRU WKLV SXUSRVH &RQVLGHUDWLRQ VKDOO EH JLYHQ WR SURYLGLQJWKHYHVVHOZLWKWKHPHDQVWRWRSXSWKHFDUJRVSDFHVZLWKDGGLWLRQDOVXSSOLHVRILQHUW JDVWDNLQJLQWRDFFRXQWWKHGXUDWLRQRIWKHYR\DJH

7KH VKLS VKDOO EH SURYLGHG ZLWK WKH PHDQV IRU UHOLDEO\ PHDVXULQJ WKH WHPSHUDWXUHV DW VHYHUDO SRLQWVZLWKLQWKHVWRZDQGGHWHUPLQLQJWKHFRQFHQWUDWLRQVRIK\GURJHQDQGR[\JHQLQWKHFDUJR VSDFH DWPRVSKHUH RQ YR\DJH ZKLOVW PLQLPL]LQJ DV IDU DV SUDFWLFDEOH WKH ORVV RI WKH LQHUW DWPRVSKHUH

$Q\ FDUJR WKDW KDV DOUHDG\ EHHQ ORDGHG LQWR D FDUJR VSDFH DQG ZKLFK VXEVHTXHQWO\ EHFRPHV ZHWWHGRULQZKLFKUHDFWLRQVKDYHVWDUWHGVKDOOEHGLVFKDUJHGZLWKRXWGHOD\

7KH VKLS VKDOO QRW VDLO XQWLO WKH PDVWHU DQG D FRPSHWHQW SHUVRQ UHFRJQL]HG E\ WKH QDWLRQDO $GPLQLVWUDWLRQRIWKHSRUWRIORDGLQJDUHVDWLVILHG

WKDWDOOORDGHGFDUJRVSDFHVDUHFRUUHFWO\VHDOHGDQGLQHUWHG

WKDW WKH WHPSHUDWXUH RI WKH FDUJR KDV VWDELOL]HG DW DOO PHDVXULQJ SRLQWV DQG WKDW WKH R WHPSHUDWXUHGRHVQRWH[FHHG &DQG

WKDWDWWKHHQGRIWKHLQHUWLQJSURFHVVWKHFRQFHQWUDWLRQRIK\GURJHQLQWKHIUHHVSDFHRI WKHKROGVKDVVWDELOL]HGDQGGRHVQRWH[FHHGE\YROXPH

9(17,/$7,21

7KH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO UHPDLQ WLJKWO\ VHDOHG DQG WKH LQHUW FRQGLWLRQ PDLQWDLQHGGXULQJWKHYR\DJH

&$55,$*(

)RU TXDQWLWDWLYH PHDVXUHPHQWV RI K\GURJHQ DQG R[\JHQ VXLWDEOH GHWHFWRUV VKDOO EH RQ ERDUG ZKLOH WKLV FDUJR LV FDUULHG 7KH GHWHFWRUV VKDOO EH VXLWDEOH IRU XVH LQ DQ R[\JHQGHSOHWHG DWPRVSKHUHDQGRIDW\SHFHUWLILHGVDIHIRUXVHLQH[SORVLYHDWPRVSKHUHV7KHFRQFHQWUDWLRQVRI K\GURJHQ DQG R[\JHQ LQ WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH PHDVXUHG DW UHJXODU LQWHUYDOVGXULQJYR\DJHDQGWKHUHVXOWVRIWKHPHDVXUHPHQWVVKDOOEHUHFRUGHGDQGNHSWRQERDUG IRUDPLQLPXPRIWZR\HDUV

7KH R[\JHQ FRQFHQWUDWLRQ LQ WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH PDLQWDLQHG DW OHVV WKDQWKURXJKRXWWKHGXUDWLRQRIWKHYR\DJH:KHQWKHPRQLWRUHGK\GURJHQFRQFHQWUDWLRQLV KLJKHU WKDQ !/(/ E\ YROXPH DSSURSULDWH VDIHW\ SUHFDXWLRQV VKDOO EH WDNHQ LQ DFFRUGDQFHZLWKWKRVHSURFHGXUHVSURYLGHGE\WKHVKLSSHULQWKHHYHQWRIHPHUJHQF\,ILQGRXEW H[SHUWDGYLFHVKDOOEHVRXJKW

&DUJR WHPSHUDWXUHV VKDOO EH WDNHQ DW UHJXODU LQWHUYDOV GXULQJ YR\DJH DQG WKH UHVXOWV RI WKH PHDVXUHPHQWV VKDOO EH UHFRUGHG DQG NHSW RQ ERDUG IRU D PLQLPXP RI WZR \HDUV ,I WKH WHPSHUDWXUH LQ WKH FDUJR VSDFH H[FHHGV & DSSURSULDWH VDIHW\ SUHFDXWLRQV VKDOO EH WDNHQ LQ DFFRUGDQFHZLWKWKHSURFHGXUHVSURYLGHGE\WKHVKLSSHULQWKHHYHQWRIHPHUJHQF\,ILQGRXEW H[SHUWDGYLFHVKDOOEHVRXJKW

160

Bilaga 1

06&$GG $11(; 3DJH

%LOJHZHOOVVKDOOEHFKHFNHGUHJXODUO\IRUWKHSUHVHQFHRIZDWHU,IZDWHULVIRXQGLWVKDOOEH UHPRYHGE\SXPSLQJRUGUDLQLQJWKHELOJHZHOOV&RQVLGHUDWLRQVKDOOEHJLYHQWRLQFUHDVLQJWKH IUHTXHQF\ RI FDUJR PRQLWRULQJ IROORZLQJ SHULRGV RI EDG ZHDWKHU $OOPHDVXUHPHQWV VKDOO EH WDNHQVRDVWRPLQLPL]HDVIDUDVSUDFWLFDEOHWKHORVVRILQHUWJDVIURPWKHFDUJRVSDFHV

',6&+$5*(

'XULQJSUHFLSLWDWLRQDOOFDUJRRSHUDWLRQVVKDOOEHVXVSHQGHGDQGKROGVFRQWDLQLQJFDUJRVKDOOEH FORVHG0RQLWRULQJIRUK\GURJHQLQWKRVHKROGVFRQWDLQLQJFDUJRVKDOOEHUHVXPHG

&/($183

$FFXPXODWLRQVRIGXVWIURPWKLVFDUJRRQGHFNRULQSUR[LPLW\WRFDUJRVSDFHVVKDOOEHUHPRYHG DVTXLFNO\DVSRVVLEOH+RVLQJZLWKVHDZDWHUVKRXOGEHDYRLGHG &RQVLGHUDWLRQVKDOOEHJLYHQWR FDUHIXOO\FOHDQLQJH[SRVHGUDGLRFRPPXQLFDWLRQVHTXLSPHQWWRZKLFKGXVWIURPWKHFDUJRPLJKW DGKHUHVXFKDVUDGDUUDGLRDHULDOV9+)LQVWDOODWLRQV$,6DQG*36

161

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

,QWKHHYHQWRIHPHUJHQF\WKHVSHFLILFSURFHGXUHVSURYLGHGE\WKHVKLSSHUVKRXOGEH FRQVXOWHGDQGIROORZHGDVDSSURSULDWH

'RQRWXVH&2 'RQRWXVHZDWHU'RQRWXVHVWHDP

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

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

162

Bilaga 1

06&$GG $11(; 3DJH

',5(&75('8&(',521& %\SURGXFWILQHV

'(6&5,37,21

'LUHFWUHGXFHGLURQ'5,&LVDSRURXVEODFNJUH\PHWDOOLFPDWHULDOJHQHUDWHGDVDE\SURGXFW RIWKHPDQXIDFWXULQJDQGKDQGOLQJSURFHVVHVRI'5,$DQGRU'5,%7KHGHQVLW\RI'5,& LVOHVVWKDQNJP

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

)LQHVDQGVPDOOSDUWLFOHV 0+% % ZLWKDQDYHUDJHVL]HOHVV WKDQPPQRSDUWLFOHVWR H[FHHGPP

+$=$5'

R 7HPSRUDU\ LQFUHDVH LQ WHPSHUDWXUH RI DERXW & GXH WR VHOIKHDWLQJ PD\ EH H[SHFWHG DIWHU PDWHULDOKDQGOLQJLQEXON

7KHUHLVDULVNRIRYHUKHDWLQJILUHDQGH[SORVLRQGXULQJWUDQVSRUW7KLVFDUJRUHDFWVZLWKDLUDQG ZLWKIUHVKZDWHURUVHDZDWHUWRSURGXFHK\GURJHQDQGKHDW+\GURJHQLVDIODPPDEOHJDVWKDW FDQ IRUP DQ H[SORVLYH PL[WXUH ZKHQ PL[HG ZLWK DLU LQ FRQFHQWUDWLRQV DERYH E\ YROXPH &DUJR KHDWLQJ PD\ JHQHUDWH YHU\ KLJK WHPSHUDWXUHV WKDW DUH VXIILFLHQW WR OHDG WR VHOIKHDWLQJ DXWRLJQLWLRQDQGH[SORVLRQ

2[\JHQLQFDUJRVSDFHVDQGLQHQFORVHGDGMDFHQWVSDFHVPD\EHGHSOHWHG)ODPPDEOHJDVPD\ DOVREXLOGXSLQWKHVHVSDFHV$OOSUHFDXWLRQVVKDOOEHWDNHQZKHQHQWHULQJFDUJRDQGHQFORVHG DGMDFHQWVSDFHV

7KHUHDFWLYLW\RIWKLVFDUJRLVH[WUHPHO\GLIILFXOWWRDVVHVVGXHWRWKHQDWXUHRIWKHPDWHULDOWKDW FDQEHLQFOXGHGLQWKHFDWHJRU\$ZRUVWFDVHVFHQDULRVKRXOGWKHUHIRUHEHDVVXPHGDWDOOWLPHV

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´JRRGVRIFODVVHVGLYLVLRQ6DQGDQGFODVVDFLGVLQSDFNDJHG IRUPVHH,0'*&RGH ³6HSDUDWHGIURP´VROLGEXONPDWHULDOVRIFODVVHVDQG *RRGVRIFODVVRWKHUWKDQGLYLVLRQ6VKDOOQRWEHFDUULHGLQWKHVDPHVKLS%RXQGDULHVRI FRPSDUWPHQWVZKHUHWKLVFDUJRLVFDUULHGVKDOOEHUHVLVWDQWWRILUHDQGSDVVDJHRIOLTXLG

+2/'&/($1/,1(66

&DUJR VSDFHV VKDOO EH FOHDQ GU\ DQG IUHH RI VDOW DQG UHVLGXHV RI SUHYLRXV FDUJRHV 3ULRUWR ORDGLQJZRRGHQIL[WXUHVVXFKDVEDWWHQVORRVHGXQQDJHGHEULVDQGFRPEXVWLEOHPDWHULDOVVKDOO EHUHPRYHG

163

Bilaga 1

06&$GG $11(; 3DJH

:($7+(535(&$87,216

7KHFDUJRVKDOOEHNHSWZLWKLQWKHSHUPLVVLEOHPRLVWXUHFRQWHQWLQGLFDWHGLQWKLVVFKHGXOHDWDOO WLPHVGXULQJORDGLQJDQGGXULQJWUDQVSRUWDWLRQ

7KLVFDUJRVKDOOQRWEHORDGHGRQWRVKLSVRUWUDQVIHUUHGEHWZHHQVKLSVRUEDUJHVGXULQJ$1< SUHFLSLWDWLRQ'XULQJORDGLQJRIWKLVFDUJRDOOQRQZRUNLQJKDWFKHVRIFDUJRVSDFHVLQWRZKLFK WKLVFDUJRLVORDGHGRULVWREHORDGHGVKDOOEHNHSWFORVHG

/2$',1*

3ULRUWRORDGLQJWKHWHUPLQDOVKDOOHQVXUHWKDWWKHFRQYH\RUEHOWVDQGDOORWKHUHTXLSPHQWXVHG IRU ORDGLQJ WKLV FDUJR FRQWDLQ QR DFFXPXODWLRQ RI ZDWHU RU RWKHU VXEVWDQFHV (DFKWLPH FDUJR RSHUDWLRQVDUHFRPPHQFHGRUUHVWDUWHGSDUWLFXODUO\DIWHUUDLQRUZDVKLQJGRZQDQ\ORDGLQJEHOW VKDOOEHRSHUDWHGHPSW\DQGQRWRYHUDVKLS¶VFDUJRVSDFH

3ULRU WR ORDGLQJ WKLV FDUJR WKH VKLSSHU VKDOO SURYLGH WKH PDVWHU ZLWK D FHUWLILFDWH LVVXHG E\ D FRPSHWHQWSHUVRQUHFRJQL]HGE\WKHQDWLRQDO$GPLQLVWUDWLRQRIWKHSRUWRIORDGLQJVWDWLQJWKDWWKH FDUJRDWWKHWLPHRIORDGLQJLVVXLWDEOHIRUVKLSPHQWWKDWLWFRQIRUPVZLWKWKHUHTXLUHPHQWVRI WKLV&RGHWKDWWKHPRLVWXUHFRQWHQWLVOHVVWKDQDQGWKHWHPSHUDWXUHGRHVQRWH[FHHG& 7KLV FHUWLILFDWH VKDOO VWDWH WKDW WKH FDUJR PHHWV WKH ORDGLQJ FULWHULD LQ UHJDUGV WR DJHLQJ DQG PDWHULDOWHPSHUDWXUH

7KHFDUJRVKDOOQRWEHDFFHSWHGIRUORDGLQJZKHQLWVWHPSHUDWXUHLVLQH[FHVVRI&RULILWV PRLVWXUHFRQWHQWLVLQH[FHVVRI$Q\FDUJRWKDWKDVEHHQZHWWHGRULVNQRZQWRKDYHEHHQ ZHWWHGVKDOOQRWEHORDGHGLQWRDQ\FDUJRVSDFH

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

7KH FDUJR WHPSHUDWXUH VKDOO EH PRQLWRUHG GXULQJ ORDGLQJ DQG UHFRUGHG LQ D ORJ GHWDLOLQJ WKH WHPSHUDWXUHIRUHDFKORWRIFDUJRORDGHGDFRS\RIZKLFKVKDOOEHSURYLGHGWRWKHPDVWHU$IWHU ORDGLQJ D FHUWLILFDWH VKDOO EH LVVXHG E\ D FRPSHWHQW SHUVRQ UHFRJQL]HG E\ WKH QDWLRQDO $GPLQLVWUDWLRQRIWKHSRUWRIORDGLQJ FRQILUPLQJWKDWWKURXJKRXWWKHZKROHFRQVLJQPHQWRIILQHV DQG VPDOO SDUWLFOHV WKH PRLVWXUH FRQWHQW KDV QRW H[FHHGHG DQG WKH WHPSHUDWXUH GRHV QRW H[FHHG&

2QFRPSOHWLRQRIORDGLQJRIDFDUJRVSDFHLWVKDOOEHLPPHGLDWHO\FORVHGDQGVHDOHG6XIILFLHQW LQHUWJDVVKDOOWKHQEHLQWURGXFHGWRDFKLHYHDQR[\JHQFRQFHQWUDWLRQOHVVWKDQWKURXJKRXWWKH FDUJRVSDFH

35(&$87,216

164

Bilaga 1

06&$GG $11(; 3DJH

3ULRUWRVKLSPHQWWKHFDUJRVKDOOEHDJHGIRUDWOHDVWGD\VDQGDFHUWLILFDWHFRQILUPLQJWKLV VKDOOEHLVVXHGE\DFRPSHWHQWSHUVRQUHFRJQL]HGE\WKHQDWLRQDO$GPLQLVWUDWLRQRIWKHSRUWRI ORDGLQJ

6KLSSHUVVKDOOSURYLGHWRWKHPDVWHUSULRUWRORDGLQJFRPSUHKHQVLYHLQIRUPDWLRQRQWKHFDUJRDQG VDIHW\SURFHGXUHVWREHIROORZHGLQWKHHYHQWRIHPHUJHQF\7KLVDGYLFHPD\EHDQDPSOLILFDWLRQ RIWKLV&RGHEXWVKDOOQRWEHFRQWUDU\WKHUHWRLQUHVSHFWRIVDIHW\

$SSURSULDWH SUHFDXWLRQV VKDOO EH WDNHQ WR SURWHFW HTXLSPHQW PDFKLQHU\ DQG DFFRPPRGDWLRQ VSDFHVIURPWKHGXVWRIWKHFDUJR5DGDUVDQGH[SRVHGUDGLRFRPPXQLFDWLRQHTXLSPHQWRIVKLSV ZKLFK FDUU\ WKLV FDUJR VKDOO EH SURWHFWHG IURP WKH GXVW RI WKLV FDUJR 3HUVRQV ZKR PD\ EH H[SRVHGWRWKHGXVWRIWKHFDUJRVKDOOZHDUSURWHFWLYHFORWKLQJJRJJOHVRURWKHUHTXLYDOHQWGXVW H\HSURWHFWLRQDQGGXVWILOWHUPDVNVDVQHFHVVDU\

'XULQJDQ\KDQGOLQJRIWKLVFDUJR³12602.,1*´VLJQVVKDOOEHSRVWHGRQGHFNVDQGLQDUHDV DGMDFHQWWRFDUJRVSDFHVDQGQRQDNHGOLJKWVKDOOEHSHUPLWWHGLQWKHVHDUHDV6PRNLQJEXUQLQJ FXWWLQJ FKLSSLQJ JULQGLQJ RU RWKHU VRXUFHV RI LJQLWLRQ VKDOO QRW EH DOORZHG LQ WKH YLFLQLW\ RI FDUJRVSDFHVFRQWDLQLQJWKLVFDUJRDWDQ\WLPH

&DUJR VSDFHV FRQWDLQLQJ WKLV FDUJR DQG DGMDFHQW VSDFHV PD\ EHFRPH R[\JHQGHSOHWHG 1R SHUVRQVKDOOHQWHUDORDGHGFDUJRVSDFHRUDQHQFORVHGDGMDFHQWVSDFHXQOHVVWKHVSDFHKDVEHHQ YHQWLODWHG DQG WKH DWPRVSKHUH WHVWHG DQG IRXQG WR EH JDVIUHH DQG KDYH VXIILFLHQW R[\JHQ WR VXSSRUWOLIH1RWZLWKVWDQGLQJHPHUJHQF\HQWU\PD\EHSHUPLWWHGZLWKRXWYHQWLODWLRQWHVWLQJRU ERWK SURYLGHG WKDW WKH HQWU\ LQWR WKH VSDFH LV XQGHUWDNHQ RQO\ E\ WUDLQHG SHUVRQQHO ZHDULQJ VHOIFRQWDLQHGEUHDWKLQJDSSDUDWXVXQGHUWKHVXSHUYLVLRQRIDUHVSRQVLEOHRIILFHUDQGQRVRXUFHRI LJQLWLRQLVLQWURGXFHGLQWRWKHVSDFH

7KHVKLSVKDOOEHSURYLGHGZLWKWKHPHDQVWRHQVXUHWKDWDUHTXLUHPHQWRIWKLV&RGHWRPDLQWDLQ WKHR[\JHQFRQFHQWUDWLRQEHORZFDQEHDFKLHYHGDQGPDLQWDLQHGWKURXJKRXWWKHYR\DJH7KH VKLS¶VIL[HG&2 ILUHILJKWLQJV\VWHPVKDOOQRWEHXVHGIRUWKLVSXUSRVH&RQVLGHUDWLRQVKDOOEH JLYHQWRSURYLGLQJWKHYHVVHOZLWKWKHPHDQVWRWRSXSWKHFDUJRVSDFHVZLWKDGGLWLRQDOVXSSOLHV RILQHUWJDVWDNLQJLQWRDFFRXQWWKHGXUDWLRQRIWKHYR\DJH

7KH VKLS VKDOO EH SURYLGHG ZLWK WKH PHDQV IRU UHOLDEO\ PHDVXULQJ WKH WHPSHUDWXUHV DW VHYHUDO SRLQWVZLWKLQWKHVWRZDQGGHWHUPLQLQJWKHFRQFHQWUDWLRQVRIK\GURJHQDQGR[\JHQLQWKHFDUJR VSDFH DWPRVSKHUH RQ YR\DJH $SSURSULDWH SUHFDXWLRQV VKDOO EH WDNHQ WR PLQLPL]H DV IDU DV SUDFWLFDEOHWKHORVVRIWKHLQHUWDWPRVSKHUH

165

Bilaga 1

06&$GG $11(; 3DJH

$Q\FDUJRWKDWKDVDOUHDG\EHHQORDGHGLQWRDFDUJRVSDFHDQGZKLFKVXEVHTXHQWO\LVH[SRVHGWR DGGLWLRQDO IUHVK ZDWHU RU VHDZDWHU RYHU LWV QDWXUDO PRLVWXUH FRQWHQW DQG EHFRPHV ZHWWHG RU LQ R ZKLFKUHDFWLRQVKDYHVWDUWHGDQGLWVWHPSHUDWXUHKDVH[FHHGHG &VKDOOEHGLVFKDUJHGZLWKRXW GHOD\

2QFRPSOHWLRQRIORDGLQJRIDFDUJRVSDFHLWVKDOOEHLPPHGLDWHO\FORVHGDQGVHDOHG6XIILFLHQW LQHUWJDVVKDOOWKHQEHLQWURGXFHGWRDFKLHYHDQR[\JHQFRQFHQWUDWLRQOHVVWKDQWKRXJKWWKH FDUJRVSDFH

7KH VKLS VKDOO QRW VDLO XQWLO WKH PDVWHU DQG D FRPSHWHQW SHUVRQ UHFRJQL]HG E\ WKH QDWLRQDO $GPLQLVWUDWLRQRIWKHSRUWRIORDGLQJDUHVDWLVILHG

WKDWDOOORDGHGFDUJRVSDFHVDUHFRUUHFWO\VHDOHGDQGLQHUWHG

WKDWWKHWHPSHUDWXUHRIWKHFDUJRKDVVWDELOL]HGDWDOOPHDVXULQJSRLQWVDQGWKDWWKH R WHPSHUDWXUHGRHVQRWH[FHHG &DQG

WKDWDWWKHHQGRIWKHLQHUWLQJSURFHVVWKHFRQFHQWUDWLRQRIK\GURJHQLQWKHIUHH VSDFHRIWKHKROGVKDVVWDELOL]HGDQGGRHVQRWH[FHHGE\YROXPH

9(17,/$7,21

7KH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO UHPDLQ WLJKWO\ VHDOHG DQG WKH LQHUW FRQGLWLRQ PDLQWDLQHGGXULQJWKHYR\DJH

&$55,$*(

7KH R[\JHQ FRQFHQWUDWLRQ LQ WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH PDLQWDLQHG DW OHVV WKDQWKURXJKRXWWKHGXUDWLRQRIWKHYR\DJHE\WRSSLQJXSZLWKLQHUWJDV

&DUJR WHPSHUDWXUHV VKDOO EH WDNHQ DW UHJXODU LQWHUYDOV GXULQJ WKH YR\DJH DQG WKH UHVXOWV RI WKH PHDVXUHPHQWV VKDOO EH UHFRUGHG DQG NHSW RQ ERDUG IRU D PLQLPXP RI WZR \HDUV ,I WKH WHPSHUDWXUH LQ WKH FDUJR VSDFH H[FHHGV & RU WKH PRQLWRUHG K\GURJHQ FRQFHQWUDWLRQ H[FHHGV!/(/E\YROXPHDSSURSULDWHVDIHW\SUHFDXWLRQVVKDOOEHWDNHQLQDFFRUGDQFH ZLWKWKHSURFHGXUHVSURYLGHGE\WKHVKLSSHULQWKHHYHQWRIHPHUJHQF\,ILQGRXEWH[SHUWDGYLFH VKDOOEHVRXJKW

166

Bilaga 1

06&$GG $11(; 3DJH

',6&+$5*(

'XULQJSUHFLSLWDWLRQDOOFDUJRRSHUDWLRQVVKDOOEHVXVSHQGHGDQGKROGVFRQWDLQLQJFDUJRVKDOOEH FORVHG0RQLWRULQJIRUK\GURJHQRIWKRVHKROGVFRQWDLQLQJFDUJRVKDOOEHUHVXPHG

&/($183

$FFXPXODWLRQVRIGXVWIURPWKLVFDUJRRQGHFNRULQSUR[LPLW\WRFDUJRVSDFHVVKDOOEHUHPRYHG DVTXLFNO\DVSRVVLEOH+RVLQJZLWKVHDZDWHUVKDOOEHDYRLGHG &RQVLGHUDWLRQVKDOOEHJLYHQWR FDUHIXOO\FOHDQLQJH[SRVHGUDGLRFRPPXQLFDWLRQVHTXLSPHQWWRZKLFKGXVWIURPWKHFDUJRPLJKW DGKHUHVXFKDVUDGDUUDGLRDHULDOV9+)LQVWDOODWLRQV$,6DQG*36

167

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

,QWKHHYHQWRIHPHUJHQF\WKHVSHFLILFSURFHGXUHVSURYLGHGE\WKHVKLSSHUVKRXOGEH FRQVXOWHGDQGIROORZHGDVDSSURSULDWH

'RQRWXVH&2 'RQRWXVHZDWHU 'RQRWXVHVWHDP

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

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

168

Bilaga 1

06&$GG $11(; 3DJH

'2/20,7(

'(6&5,37,21

'RORPLWHLVDOLJKW\HOORZEURZQFRORXUHGPLQHUDOVWRQHZKLFKLVYHU\KDUGDQGFRPSDFW 'RORPLWHPD\VRPHWLPHVLQFRUUHFWO\EHXVHGWRGHVFULEHDPDWHULDOFRQVLVWLQJRIWKHR[LGHVRI FDOFLXPDQGPDJQHVLXPGRORPLWLFTXLFNOLPH,QWKLVFDVHVHH³/,0(816/$.('´

&+$5$&7(5,67,&6

169

Bilaga 1

06&$GG $11(; 3DJH

)(/63$5/803

'(6&5,37,21

&U\VWDOOLQH PLQHUDOV FRQVLVWLQJ RI VLOLFDWHV RI DOXPLQLXP ZLWK SRWDVVLXP VRGLXP FDOFLXP DQG EDULXP:KLWHRUUHGGLVKLQFRORXU

&+$5$&7(5,67,&6

170

Bilaga 1

06&$GG $11(; 3DJH

)(552&+520(

'(6&5,37,21

5DZPDWHULDORILURQPL[HGZLWKFKURPH([WUHPHO\KHDY\FDUJR

&+$5$&7(5,67,&6

171

Bilaga 1

06&$GG $11(; 3DJH

)(552&+520(H[RWKHUPLF

'(6&5,37,21

$QDOOR\RILURQDQGFKURPLXP([WUHPHO\KHDY\FDUJR

&+$5$&7(5,67,&6

172

Bilaga 1

06&$GG $11(; 3DJH

)(5520$1*$1(6(

'(6&5,37,21

5DZPDWHULDORULURQPL[HGZLWKPDQJDQHVH

&+$5$&7(5,67,&6

173

Bilaga 1

06&$GG $11(; 3DJH

)(5521,&.(/

'(6&5,37,21

$QDOOR\RILURQDQGQLFNHO

&+$5$&7(5,67,&6

Bilaga 1

06&$GG $11(; 3DJH

)(5523+263+2586 LQFOXGLQJEULTXHWWHV

'(6&5,37,21

$QDOOR\RILURQDQGSKRVSKRUXVXVHGLQWKHVWHHOLQGXVWU\

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH IRUEULTXHWWHV

6,=( &/$66 *5283

'LDPHWHUPP 0+% %

+$=$5'

0D\HYROYHIODPPDEOHDQGWR[LFJDVHVHJSKRVSKLQHLQFRQWDFWZLWKZDWHU 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

6HJUHJDWLRQDVIRUFODVVPDWHULDOV³6HSDUDWHGIURP´IRRGVWXIIVDQGFODVVOLTXLGV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

7KLVFDUJRVKDOOEHNHSWDVGU\DVUHDVRQDEO\SUDFWLFDEOH

9(17,/$7,21

0HFKDQLFDOYHQWLODWLRQVKDOOEHFRQGXFWHGGXULQJWKHYR\DJHIRUWKHFDUJRVSDFHVFDUU\LQJWKLV FDUJR 9HQWLODWLRQ IDQV VKDOO EH RI FHUWLILHG VDIH W\SH IRU XVH LQ D IODPPDEOH DWPRVSKHUH 7KH\ VKDOO QRUPDOO\ EH UXQ FRQWLQXRXVO\ ZKHQHYHU WKLV FDUJR LV RQ ERDUG :KHUH WKLV LV LPSUDFWLFDEOHWKH\VKDOOEHRSHUDWHGDVZHDWKHUSHUPLWVDQGLQDQ\FDVHIRUDUHDVRQDEOHSHULRG SULRUWRGLVFKDUJH

175

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

$IWHUGLVFKDUJHRIWKLVFDUJRWKHFDUJRVSDFHVVKDOOEHVZHSWFOHDQ :DWHUVKDOOQRWEHXVHGIRUFOHDQLQJRIWKHFDUJRVSDFHZKLFKKDVFRQWDLQHGWKLVFDUJREHFDXVH RIGDQJHURIJDV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQDQGXVH&2 LIDYDLODEOH'RQRWXVHZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

176

Bilaga 1

06&$GG $11(; 3DJH

)(5526,/,&2181

ZLWKRUPRUHEXWOHVVWKDQVLOLFRQ LQFOXGLQJEULTXHWWHVVHHDSSHQGL[WRWKLVVFKHGXOH

'(6&5,37,21

)HUURVLOLFRQLVDQH[WUHPHO\KHDY\FDUJR

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR WRIRUEULTXHWWHV WRIRUEULTXHWWHV

6,=( &/$66 *5283

8SWRPP % %ULTXHWWHV

+$=$5'

,Q FRQWDFW ZLWK PRLVWXUH RU ZDWHU LW PD\ HYROYH K\GURJHQ D IODPPDEOH JDV ZKLFK PD\ IRUP H[SORVLYHPL[WXUHVZLWKDLUDQGPD\XQGHUVLPLODUFLUFXPVWDQFHVSURGXFHSKRVSKLQHDQGDUVLQH ZKLFKDUHKLJKO\WR[LFJDVHV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIVDQGDOOFODVVOLTXLGV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULP LQ DFFRUGDQFH ZLWK WKH UHOHYDQW SURYLVLRQV UHTXLUHG XQGHU VHFWLRQV DQG RI WKH &RGH $VWKHGHQVLW\RIWKHFDUJRLVH[WUHPHO\KLJKWKHWDQNWRSPD\EHRYHUVWUHVVHGXQOHVVWKHFDUJRLV HYHQO\VSUHDGDFURVVWKHWDQNWRSWRHTXDOL]HWKHZHLJKWGLVWULEXWLRQ'XHFRQVLGHUDWLRQVKDOOEHSDLG WRHQVXUHWKDWWDQNWRSLVQRWRYHUVWUHVVHGGXULQJYR\DJHDQGGXULQJORDGLQJE\DSLOHRIWKHFDUJR 5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

35(&$87,216

7KH PDQXIDFWXUHU RU WKH VKLSSHU VKDOO SURYLGH WKH PDVWHU ZLWK D FHUWLILFDWH VWDWLQJ WKDW DIWHU PDQXIDFWXUHWKHFDUJRZDVVWRUHGXQGHUFRYHUEXWH[SRVHGWRGU\ZHDWKHUIRUQRWOHVVWKDQWKUHH GD\VSULRUWRVKLSPHQW

177

Bilaga 1

06&$GG $11(; 3DJH

9(17,/$7,21

&$55,$*(

)RUTXDQWLWDWLYHPHDVXUHPHQWVRIK\GURJHQSKRVSKLQHDQGDUVLQHVXLWDEOHGHWHFWRUVIRUHDFKJDV RUFRPELQDWLRQRIJDVHVVKDOOEHRQERDUGZKLOHWKLVFDUJRLVFDUULHG7KHGHWHFWRUVVKDOOEHRI FHUWLILHG VDIH W\SH IRU XVH LQ H[SORVLYH DWPRVSKHUH 7KH FRQFHQWUDWLRQV RI WKHVH JDVHV LQ WKH FDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOEHPHDVXUHGUHJXODUO\GXULQJYR\DJHDQGWKHUHVXOWVRI WKHPHDVXUHPHQWVVKDOOEHUHFRUGHGDQGNHSWRQERDUG

',6&+$5*(

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

&/($183

$IWHUGLVFKDUJHRIWKLVFDUJRWKHFDUJRVSDFHVVKDOOEHVZHSWFOHDQWZLFH :DWHUVKDOOQRWEHXVHGIRUFOHDQLQJRIWKHFDUJRVSDFHZKLFKKDVFRQWDLQHGWKLVFDUJREHFDXVH RIGDQJHURIJDV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQDQGXVH&2 LIDYDLODEOH'RQRWXVHZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

178

Bilaga 1

06&$GG $11(; 3DJH

$33(1',;

(1(5$/5(48,5(0(176)25&$55,$(2))(5526,/,&21

&KDSWHU ,, RI 62/$6 UHTXLUHV ILUHILJKWHU¶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

'(7$,/('5(48,5(0(176

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¶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

23(5$7,21$/5(48,5(0(176

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

179

Bilaga 1

06&$GG $11(; 3DJH

YL &KHFNV IRU FRQWDPLQDQW JDVHV VKDOO EH FDUULHG RXW DW PLQXWH LQWHUYDOV ZKLOH SHUVRQV DUHLQWKHFDUJRVSDFH YLL (QWU\ LQWR WKH FDUJR VSDFH VKDOO EH SURKLELWHG ZKHQ JDV FRQFHQWUDWLRQV H[FHHG WKH 7KUHVKROG/LPLW9DOXHV IRU SKRVSKLQH SSP IRU DUVLQH SSP RU ZKHUH WKH R[\JHQOHYHOLVEHORZ

*$6(65(/($6(6)520)(5526,/,&21,0385,7,(6:+(1:$7(5,6$''('

L $UVLQH

$UVLQHLVDWR[LFFRORXUOHVVJDVZLWKDJDUOLFOLNHRGRXU

7R[LFLW\

$UVLQH LV D QHUYH DQG EORRG SRLVRQ 7KHUH LV JHQHUDOO\ D GHOD\ EHIRUH WKH RQVHW RI V\PSWRPV VRPHWLPHVDGD\RUVR7KHVHDUHDWILUVWLQGHILQLWH

6\PSWRPV

)HHOLQJ RI PDODLVH GLIILFXOW\ LQ EUHDWKLQJ VHYHUH KHDGDFKH JLGGLQHVV IDLQWLQJ ILWV QDXVHDYRPLWLQJDQGJDVWULFGLVWXUEDQFHV ,QVHYHUHFDVHVYRPLWLQJPD\EHSURQRXQFHGWKHPXFRXVPHPEUDQHVPD\KDYHDEOXLVK GLVFRORXUDWLRQDQGXULQHLVGDUNDQGEORRGVWDLQHG$IWHUDGD\RUVRWKHUHLVVHYHUHDQDHPLDDQG MDXQGLFH

&RQFHQWUDWLRQ

$ FRQFHQWUDWLRQ RI SSP LV OHWKDO WR KXPDQV DIWHU H[SRVXUH RI D IHZ PLQXWHV ZKLOH FRQFHQWUDWLRQV RI SSP DUH GDQJHURXV WR OLIH DIWHU PLQXWHV H[SRVXUH &RQFHQWUDWLRQV RI WR SSP DUH GDQJHURXV DIWHU H[SRVXUH RI WR PLQXWHV $ FRQFHQWUDWLRQ RISSPLVWKHWKUHVKROGORQJOLPLWWRZKLFKDSHUVRQPD\EHH[SRVHG

LL 3KRVSKLQH

3KRVSKLQHLVFRORXUOHVVIODPPDEOHDQGKLJKO\WR[LFDQGKDVWKHRGRXURIURWWLQJILVK

7R[LFLW\

3KRVSKLQHDFWVRQWKHFHQWUDOQHUYRXVV\VWHPDQGWKHEORRG

6\PSWRPV

7KHV\PSWRPVH[KLELWHGE\SKRVSKLQHSRLVRQLQJDUHDQRSSUHVVHGIHHOLQJLQWKHFKHVWKHDGDFKH YHUWLJRJHQHUDOGHELOLW\ORVVRIDSSHWLWHDQGJUHDWWKLUVW&RQFHQWUDWLRQVRISSPIRUDIHZ PLQXWHV DQG WR SSP DUH GDQJHURXV WR OLIH SSP LV WKH PD[LPXP FRQFHQWUDWLRQ WROHUDEOHIRUVHYHUDOKRXUVZLWKRXWV\PSWRPV 1RORQJWHUPH[SRVXUHVWRWKLVJDVVKDOOEHSHUPLWWHG

180

Bilaga 1

06&$GG $11(; 3DJH

)(5526,/,&21

WR VLOLFRQ RU RU PRUH ZLWK VLOLFRQ LQFOXGLQJ EULTXHWWHV 6HH DSSHQGL[ WR WKLV

VFKHGXOH

'(6&5,37,21

)HUURVLOLFRQLVDQH[WUHPHO\KHDY\FDUJR

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR WRIRUEULTXHWWHV WRIRUEULTXHWWHV

6,=( &/$66 *5283

'LDPHWHUPP 0+% %

+$=$5'

672:$( 6(5(*$7,21

6HJUHJDWLRQ DV UHTXLUHG IRU FODVV PDWHULDOV ³6HSDUDWHG IURP´ IRRGVWXIIV DQG DOO FODVV OLTXLGV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULP LQ DFFRUGDQFH ZLWK WKH UHOHYDQW SURYLVLRQV UHTXLUHG XQGHU VHFWLRQV DQG RI WKH &RGH 6WRZHYHQO\DFURVVWDQNWRSV5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

35(&$87,216

7KH PDQXIDFWXUHU RU WKH VKLSSHU VKDOO SURYLGH WKH PDVWHU ZLWK D FHUWLILFDWH VWDWLQJ WKDW DIWHU PDQXIDFWXUHWKHFDUJRZDVVWRUHGXQGHUFRYHUEXWH[SRVHGWRRSHQDLUIRUQRWOHVVWKDQWKUHH GD\VSULRUWRVKLSPHQW

9(17,/$7,21

181

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

',6&+$5*(

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

&/($183

$IWHUGLVFKDUJHRIWKLVFDUJRWKHFDUJRVSDFHVVKDOOEHVZHSWFOHDQWZLFH :DWHUVKDOOQRWEHXVHGIRUFOHDQLQJRIWKHFDUJRVSDFHZKLFKKDVFRQWDLQHGWKLVFDUJREHFDXVH RIGDQJHURIJDV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQDQGXVH&2 LIDYDLODEOH'RQRWXVHZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

182

Bilaga 1

06&$GG $11(; 3DJH

$33(1',;

(1(5$/5(48,5(0(176)25&$55,$(2))(5526,/,&21

7ZRVHWVRIVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXVVKDOOEHFDUULHGLQWKHVKLSLQDGGLWLRQWR QRUPDOILUHILJKWHU¶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

'(7$,/('5(48,5(0(176

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¶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

23(5$7,21$/5(48,5(0(176

183

Bilaga 1

06&$GG $11(; 3DJH

Y 3ULRUWRFRPPHQFHPHQWRIGLVFKDUJLQJWKHDWPRVSKHUHLQWKHFDUJRVSDFHVKDOOEHWHVWHG IRUWKHSUHVHQFHRIWR[LFDQGIODPPDEOHJDVHV YL &KHFNV IRU FRQWDPLQDQW JDVHV VKDOO EH FDUULHG RXW DW PLQXWH LQWHUYDOV ZKLOH SHUVRQV DUHLQWKHFDUJRVSDFH YLL (QWU\ LQWR WKH FDUJR VSDFH VKDOO EH SURKLELWHG ZKHQ JDV FRQFHQWUDWLRQV H[FHHG WKH 7KUHVKROG/LPLW9DOXHV IRU SKRVSKLQH SSP IRU DUVLQH SSP RU ZKHUH WKH R[\JHQOHYHOLVEHORZ

*$6(65(/($6(6)520)(5526,/,&21,0385,7,(6:+(1:$7(5,6$''('

L $UVLQH

$UVLQHLVDWR[LFFRORXUOHVVJDVZLWKDJDUOLFOLNHRGRXU

7R[LFLW\

$UVLQH LV D QHUYH DQG EORRG SRLVRQ 7KHUH LV JHQHUDOO\ D GHOD\ EHIRUH WKH RQVHW RI V\PSWRPV VRPHWLPHVDGD\RUVR7KHVHDUHDWILUVWLQGHILQLWH

6\PSWRPV

&RQFHQWUDWLRQ

$ FRQFHQWUDWLRQ RI SSP LV OHWKDO WR KXPDQV DIWHU H[SRVXUH RI D IHZ PLQXWHV ZKLOHFRQFHQWUDWLRQVRISSPDUHGDQJHURXVWROLIHDIWHUPLQXWHVH[SRVXUH&RQFHQWUDWLRQV RI WR SSP DUH GDQJHURXV DIWHU H[SRVXUH RI WR PLQXWHV $FRQFHQWUDWLRQ RISSPLVWKHWKUHVKROGORQJOLPLWWRZKLFKDSHUVRQPD\EHH[SRVHG

LL 3KRVSKLQH

3KRVSKLQHLVFRORXUOHVVIODPPDEOHDQGKLJKO\WR[LFDQGKDVWKHRGRXURIURWWLQJILVK

7R[LFLW\

3KRVSKLQHDFWVRQWKHFHQWUDOQHUYRXVV\VWHPDQGWKHEORRG

6\PSWRPV

Bilaga 1

06&$GG $11(; 3DJH

)(552860(7$/%25,166+$9,167851,16RU&877,1681

LQDIRUPOLDEOHWRVHOIKHDWLQJ

'(6&5,37,21

0HWDO GULOOLQJV XVXDOO\ ZHW RU FRQWDPLQDWHG ZLWK VXFK PDWHULDOV DV XQVDWXUDWHG FXWWLQJ RLO RLO\UDJVDQGRWKHUFRPEXVWLEOHPDWHULDO 7KLV VFKHGXOH VKRXOG QRW DSSO\ WR FRQVLJQPHQWV RI PDWHULDOV ZKLFK DUH DFFRPSDQLHG E\ DGHFODUDWLRQVXEPLWWHGSULRUWRORDGLQJE\WKHVKLSSHUDQGVWDWLQJWKDWWKH\KDYHQRVHOIKHDWLQJ SURSHUWLHVZKHQWUDQVSRUWHGLQEXON

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH 9DULRXV 9DULRXV

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

7KHVH PDWHULDOV DUH OLDEOH WR VHOIKHDW DQG LJQLWH VSRQWDQHRXVO\ SDUWLFXODUO\ ZKHQ LQ D ILQHO\ GLYLGHGIRUPZHWRUFRQWDPLQDWHGZLWKVXFKPDWHULDOVDVXQVDWXUDWHGFXWWLQJRLORLO\UDJVDQG RWKHUFRPEXVWLEOHPDWWHU ([FHVVLYH DPRXQWV RI FDVW LURQ ERULQJV RU RUJDQLF PDWHULDOV PD\ HQFRXUDJH KHDWLQJ 6HOIKHDWLQJRULQDGHTXDWHYHQWLODWLRQPD\FDXVHGDQJHURXVGHSOHWLRQRIR[\JHQLQFDUJRVSDFHV

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

'XULQJORDGLQJWKHPDWHULDOVKDOOEHFRPSDFWHGLQWKHFDUJRVSDFHDVIUHTXHQWO\DVSUDFWLFDEOH ZLWKDEXOOGR]HURURWKHUPHDQV7KHELOJHRIHDFKFDUJRVSDFHLQZKLFKWKHFDUJRLVORDGHGVKDOO EHNHSWDVGU\DVSUDFWLFDEOH$IWHUORDGLQJWKHFDUJRVKDOOEHWULPPHGWRHOLPLQDWHSHDNVDQG FRPSDFWHG:RRGHQZHWEDWWHQVDQGGXQQDJHVKDOOEHUHPRYHGIURPWKHFDUJRVSDFHEHIRUHWKH FDUJRLVORDGHG

35(&$87,216

7KHWHPSHUDWXUHRIWKLVFDUJRVKDOOEHPHDVXUHGSULRUWRDQGGXULQJORDGLQJ7KHWHPSHUDWXUHRI WKHFDUJRLQWKHVWRFN\DUGVKDOOEHPHDVXUHGDWSRLQWVEHWZHHQPPDQGPPIURPWKH VXUIDFHRIWKHFDUJRSLOH7KLVFDUJRVKDOORQO\EHDFFHSWHGIRUORDGLQJZKHQWKHWHPSHUDWXUHRI WKHFDUJRSULRUWRORDGLQJGRHVQRWH[FHHG&,IWKHWHPSHUDWXUHRIWKHFDUJRLQDQ\FDUJR VSDFHH[FHHGV&GXULQJORDGLQJORDGLQJVKDOOEHVXVSHQGHGDQGVKDOOQRWEHUHFRPPHQFHG

185

Bilaga 1

06&$GG $11(; 3DJH

XQWLOWKHWHPSHUDWXUHRIWKHFDUJRLQDOOFDUJRVSDFHVKDVIDOOHQEHORZ&7KHVKLSVKDOOQRW GHSDUW XQOHVV WKH WHPSHUDWXUH RI WKH FDUJR LQ DOO FDUJR VSDFHVLV EHORZ & DQG KDV VKRZQ D VWHDG\RUGRZQZDUGWUHQGLQWHPSHUDWXUHIRUDWOHDVWHLJKWKRXUV

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

7KHVXUIDFHWHPSHUDWXUHRIWKHFDUJRVKDOOEHPRQLWRUHGDQGUHFRUGHGGDLO\GXULQJWKHYR\DJH 7HPSHUDWXUHUHDGLQJVVKDOOEHWDNHQLQVXFKDZD\DVQRWWRUHTXLUHHQWU\LQWRWKHFDUJRVSDFHRU DOWHUQDWLYHO\ LI HQWU\ LV UHTXLUHG IRU WKLV SXUSRVH DW OHDVW WZR VHWV RI VHOIFRQWDLQHG EUHDWKLQJ DSSDUDWXVDGGLWLRQDOWRWKRVHUHTXLUHGE\62/$6UHJXODWLRQ,,VKRXOGEHSURYLGHG

',6&+$5*(

(QWU\ LQWR WKH FDUJR VSDFHV FRQWDLQLQJ WKLV FDUJR VKDOO RQO\ EH SHUPLWWHG IRU WUDLQHG SHUVRQQHO ZHDULQJVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXVZKHQWKHPDLQKDWFKHVDUHRSHQDQGDIWHUDGHTXDWH YHQWLODWLRQLVFRQGXFWHGRUIRUSHUVRQQHOXVLQJDSSURSULDWHEUHDWKLQJDSSDUDWXV

&/($183

3ULRU WR ZDVKLQJ RXW WKH UHVLGXHV RI WKLV FDUJR DQ\ RLO VSLOODJHV VKDOO EH FOHDQHG IURP WKH WDQNWRSVDQGWKHELOJHZHOOVRIWKHFDUJRVSDFHVIRUWKLVFDUJR

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

:KLOVWDWVHDDQ\ULVHLQVXUIDFHWHPSHUDWXUHRIWKHPDWHULDOLQGLFDWHVDVHOIKHDWLQJUHDFWLRQSUREOHP R ,IWKHWHPSHUDWXUHVKRXOGULVHWR &DSRWHQWLDOILUHVLWXDWLRQLVGHYHORSLQJDQGWKHVKLSVKRXOG PDNHIRUWKHQHDUHVWVXLWDEOHSRUW%DWWHQGRZQ:DWHUVKRXOGQRWEHXVHGDWVHD (DUO\DSSOLFDWLRQRIDQLQHUWJDVWRDVPRXOGHULQJVLWXDWLRQPD\EHHIIHFWLYH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

5(0$5.6

,QSRUWFRSLRXVTXDQWLWLHVRIZDWHUPD\EHXVHGEXWGXHFRQVLGHUDWLRQVKRXOGEHJLYHQWRIDFWRUV DIIHFWLQJWKHVWDELOLW\RIWKHVKLS

186

Bilaga 1

06&$GG $11(; 3DJH

)(57,/,=(56:,7+2871,75$7(6 QRQKD]DUGRXV

'(6&5,37,21

3RZGHU DQG JUDQXODU *UHHQLVK EURZQ RU EHLJH LQ FRORXU 2GRXUOHVV 9HU\ ORZ PRLVWXUH FRQWHQWWR+\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

PPWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

Bilaga 1

06&$GG $11(; 3DJH

),6+,1%8/.

'(6&5,37,21

)LVKFDUULHGLQEXONDIWHUIUHH]LQJ

&+$5$&7(5,67,&6

188

Bilaga 1

06&$GG $11(; 3DJH

),6+0($/),6+6&5$367$%,/,=('81

$QWLR[LGDQWWUHDWHG

7KHSURYLVLRQVRIWKLVHQWU\VKRXOGQRWDSSO\WRFRQVLJQPHQWVRIILVKPHDO*URXS&ZKLFKDUH DFFRPSDQLHG E\ D FHUWLILFDWH LVVXHG E\ WKH FRPSHWHQW DXWKRULW\ RI WKH FRXQWU\ RI VKLSPHQW VWDWLQJWKDWWKHPDWHULDOKDVQRVHOIKHDWLQJSURSHUWLHVZKHQWUDQVSRUWHGLQEXON

'(6&5,37,21

%URZQ WR JUHHQLVKEURZQ PDWHULDO REWDLQHG WKURXJK KHDWLQJ DQG GU\LQJ RI RLO\ ILVK 0RLVWXUH FRQWHQWJUHDWHUWKDQEXWQRWH[FHHGLQJE\PDVV6WURQJRGRXUPD\DIIHFWRWKHUFDUJR )DWFRQWHQWQRWPRUHWKDQE\PDVV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

/LDEOHWRKHDWVSRQWDQHRXVO\XQOHVVKDVORZIDWFRQWHQWRUHIIHFWLYHO\DQWLR[LGDQWWUHDWHG/LDEOH WRFDXVHR[\JHQGHSOHWLRQLQFDUJRVSDFH

672:$( 6(5(*$7,21

6HJUHJDWLRQDVUHTXLUHGIRUFODVVPDWHULDOV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

7KH FDUJR VKDOO QRW EH DFFHSWHG IRU ORDGLQJ ZKHQ WKH WHPSHUDWXUH RI WKH FDUJR H[FHHGV & RU&DERYHWKHDPELHQWWHPSHUDWXUHZKLFKHYHULVKLJKHU7KHFDUJRPD\EHORDGHGZLWKRXW ZHDWKHULQJFXULQJSULRUWRORDGLQJ

189

Bilaga 1

06&$GG $11(; 3DJH

35(&$87,216

7KLV FDUJR VKDOO RQO\ EH DFFHSWHG IRU ORDGLQJ ZKHQ WKH VWDELOL]DWLRQ RI WKH FDUJR LV DFKLHYHGWRSUHYHQWVSRQWDQHRXVFRPEXVWLRQE\HIIHFWLYHDSSOLFDWLRQ RIEHWZHHQDQGPJNJSSPHWKR[\TXLQRU RIEHWZHHQDQGPJNJSSPEXW\ODWHGK\GUR[\WROXQH DW WKH WLPH RI SURGXFWLRQ ZLWKLQ PRQWKV SULRU WR VKLSPHQW DQG DQWLR[LGDQW UHPQDQW FRQFHQWUDWLRQVKDOOEHQRWOHVVWKDQPJNJSSPDWWKHWLPHRIVKLSPHQW

7KHVKLSSHUVKDOOSURYLGHWKHPDVWHUZLWKDFHUWLILFDWHLVVXHGE\DSHUVRQUHFRJQL]HGE\ WKHFRPSHWHQWDXWKRULW\RIWKHFRXQWU\RIVKLSPHQWVSHFLI\LQJ z PRLVWXUHFRQWHQW z IDWFRQWHQW z GHWDLOVRIDQWLR[LGDQWWUHDWPHQWIRUPHDOVROGHUWKDQVL[PRQWKV z DQWLR[LGDQWFRQFHQWUDWLRQVDWWKHWLPHRIVKLSPHQWZKLFKPXVWH[FHHGPJNJ SSP z WRWDOZHLJKWRIWKHFRQVLJQPHQW z WHPSHUDWXUHRIILVKPHDODWWKHWLPHRIGLVSDWFKIURPWKHIDFWRU\DQG z GDWHRISURGXFWLRQ $VXLWDEOHHTXLSPHQWIRUTXDQWLWDWLYHPHDVXUHPHQWRIWKHFRQFHQWUDWLRQRIR[\JHQLQWKHFDUJR VSDFHVKDOOEHSURYLGHGRQERDUGWKHVKLS

9(17,/$7,21

6XUIDFH YHQWLODWLRQ HLWKHU QDWXUDO RU PHFKDQLFDO VKDOO EH FRQGXFWHG GXULQJ WKH YR\DJH DV QHFHVVDU\IRUWKHFDUJRVSDFHVFDUU\LQJWKLVFDUJR,IWKHWHPSHUDWXUHRIWKHFDUJRH[FHHGV& DQG FRQWLQXHV WR LQFUHDVH YHQWLODWLRQ WR WKH FDUJR VSDFH VKDOO EH VWRSSHG ,I VHOIKHDWLQJ FRQWLQXHVWKHQFDUERQGLR[LGHRULQHUWJDVVKDOOEHLQWURGXFHGWRWKHFDUJRVSDFHV

&$55,$*(

7KLVFDUJRVKDOOEHNHSWDVFRRODQGGU\DVUHDVRQDEO\SUDFWLFDEOH7KHWHPSHUDWXUHRIWKLVFDUJR VKDOOEHPHDVXUHGDWHLJKWKRXULQWHUYDOVGXULQJWKHYR\DJH7KHUHVXOWVRIPHDVXUHPHQWVVKDOO EHUHFRUGHGDQGNHSWRQERDUG

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

190

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

191

Bilaga 1

06&$GG $11(; 3DJH

)/82563$5

'(6&5,37,21

<HOORZJUHHQRUSXUSOHFU\VWDOV&RDUVHGXVW

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH 'U\WR 'U\WR :HWWR :HWWR

6,=( &/$66 *5283

1RWDSSOLFDEOH 0+% $DQG %

+$=$5'

7KLVPDWHULDOPD\OLTXHI\LIVKLSSHGDWPRLVWXUHFRQWHQWLQH[FHVVRIWKHLU7UDQVSRUWDEOHPRLVWXUH OLPLW6HHVHFWLRQRIWKH&RGH+DUPIXODQGLUULWDWLQJE\GXVWLQKDODWLRQ

672:$( 6(5(*$7,21

³6HSDUDWHG IURP´ IRRGVWXIIV DQG DOO FODVV PDWHULDOV JRRGV LQ SDFNDJHG IRUP DQG VROLG EXON PDWHULDOV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

:KHQDFDUJRLVFDUULHGLQDVKLSRWKHUWKDQVSHFLDOO\FRQVWUXFWHGRUILWWHGFDUJRVKLSFRPSO\LQJ ZLWK WKH UHTXLUHPHQWV LQ VXEVHFWLRQ RI WKLV &RGH WKH IROORZLQJ SURYLVLRQV VKDOO EH FRPSOLHGZLWK WKHPRLVWXUHFRQWHQWRIWKHFDUJRVKDOOEHNHSWOHVVWKDQLWV70/GXULQJYR\DJH XQOHVVH[SUHVVO\SURYLGHGRWKHUZLVHLQWKLVLQGLYLGXDOVFKHGXOHWKHFDUJRVKDOOQRW EHKDQGOHGGXULQJSUHFLSLWDWLRQ XQOHVV H[SUHVVO\ SURYLGHG RWKHUZLVH LQ WKLV LQGLYLGXDO VFKHGXOH GXULQJ KDQGOLQJ RIWKHFDUJRDOOQRQZRUNLQJKDWFKHVRIWKHFDUJRVSDFHVLQWRZKLFKWKHFDUJRLV ORDGHGRUWREHORDGHGVKDOOEHFORVHG WKH FDUJR PD\ EH KDQGOHG GXULQJ SUHFLSLWDWLRQ SURYLGHG WKDWWKH DFWXDO PRLVWXUH FRQWHQWRIWKHFDUJRLVVXIILFLHQWO\OHVVWKDQLWV70/VRWKDWWKHDFWXDOPRLVWXUH FRQWHQWLVQRWOLDEOHWREHLQFUHDVHGEH\RQGWKH70/E\WKHSUHFLSLWDWLRQDQG WKHFDUJRLQDFDUJRVSDFHPD\EHGLVFKDUJHGGXULQJSUHFLSLWDWLRQSURYLGHGWKDW WKHWRWDODPRXQWRIWKHFDUJRLQWKHFDUJRVSDFHLVWREHGLVFKDUJHGLQWKHSRUW

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

192

Bilaga 1

06&$GG $11(; 3DJH

PD\ EH H[SRVHG WR WKH GXVW RI WKH FDUJR VKDOO ZHDU JRJJOHV RU RWKHU HTXLYDOHQW GXVW H\HSURWHFWLRQDQGGXVWILOWHUPDVNV7KRVHSHUVRQVVKDOOZHDUSURWHFWLYHFORWKLQJDVQHFHVVDU\ 3URWHFWPDFKLQHU\DFFRPPRGDWLRQDQGELOJHZHOOVIURPGXVW

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

1LO

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

193

Bilaga 1

06&$GG $11(; 3DJH

)/<$6+

'(6&5,37,21

)O\ $VK LV WKH OLJKW ILQHO\ GLYLGHG GXVW\ ILQH SRZGHU UHVLGXH IURP FRDO DQG RLO ILUHG SRZHU VWDWLRQV'RQRWFRQIXVHZLWK&DOFLQHG3\ULWHV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

0D\VKLIWZKHQDHUDWHG 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH 7KHVKLSFDUU\LQJWKLVFDUJRVKDOOQRWGHSDUWXQWLOWKHFDUJRKDVVHWWOHG

35(&$87,216

%LOJH ZHOOV VKDOO EH FOHDQ GU\ DQG FRYHUHG DV DSSURSULDWH WR SUHYHQW LQJUHVV RI WKH FDUJR $SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQWRSURWHFWPDFKLQHU\DQGDFFRPPRGDWLRQVSDFHVIURPWKH GXVWRIWKHFDUJR%LOJHZHOOVRIWKHFDUJRVSDFHVVKDOOEHSURWHFWHGIURPLQJUHVVRIWKHFDUJR 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRSURWHFWHTXLSPHQWIURPWKHGXVWRIWKHFDUJR3HUVRQVZKR PD\ EH H[SRVHG WR WKH GXVW RI WKH FDUJR VKDOO ZHDU SURWHFWLYH FORWKLQJ JRJJOHV RU RWKHU HTXLYDOHQWGXVWH\HSURWHFWLRQDQGGXVWILOWHUPDVNVDVQHFHVVDU\

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

194

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

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

195

Bilaga 1

06&$GG $11(; 3DJH

5$18/$7('6/$

'(6&5,37,21

5HVLGXHIURPVWHHOZRUNVEODVWIXUQDFHVZLWKDGLUW\JUH\OXPS\DSSHDUDQFH,URQ

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

8SWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV6ODJGXVWLVILQHDQGKDVDEUDVLYHFKDUDFWHULVWLFV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH 7KLVFDUJRVKDOOQRWEHDFFHSWHGIRUORDGLQJZKHQWKHWHPSHUDWXUHRIWKHFDUJRH[FHHGV&

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

196

Bilaga 1

06&$GG $11(; 3DJH

*5$18/$7(7<5(58%%(5

'(6&5,37,21

)UDJPHQWHGUXEEHUW\UHPDWHULDOFOHDQHGDQGIUHHIURPRWKHUPDWHULDOV

&+$5$&7(5,67,&6

197

Bilaga 1

06&$GG $11(; 3DJH

*<3680

'(6&5,37,21

$ QDWXUDO +\GUDWHG &DOFLXP 6XOSKDWH ,QVROXEOH LQ ZDWHU ,W LV ORDGHG DV D ILQH SRZGHU WKDW DJJUHJDWHVLQWROXPSV*\SVXPLVQRWZDWHUVROXEOH$YHUDJHPRLVWXUHFRQWHQWLVWR

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

8SWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

Bilaga 1

06&$GG $11(; 3DJH

,/0(1,7(&/$<

'(6&5,37,21

9HU\KHDY\EODFNFOD\$EUDVLYH0D\EHGXVW\7LWDQLXPVLOLFDWHDQGLURQR[LGHVDUHREWDLQHG IURPLOPHQLWHFOD\0RLVWXUHFRQWHQWWR

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

8SWRPP 1RWDSSOLFDEOH $

+$=$5'

7KHPDWHULDOPD\OLTXHI\LIVKLSSHGDWDPRLVWXUHFRQWHQWLQH[FHVVRILWV7UDQVSRUWDEOH0RLVWXUH /LPLW70/ 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

199

7KLVFDUJRFDQEHFDWHJRUL]HGDV*URXS$RU&

'(6&5,37,21

9HU\KHDY\EODFNVDQG$EUDVLYH0D\EHGXVW\7LWDQLXPPRQD]LWHDQG]LQFRUHDUHREWDLQHG IURP LOPHQLWH VDQG 7KH PRLVWXUH FRQWHQW RI WKLV FDUJR LQ *URXS & LV WR :KHQPRLVWXUHFRQWHQWLVDERYHWKLVFDUJRLVWREHFDWHJRUL]HGLQ*URXS$

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

8SWRPP 1RWDSSOLFDEOH $RU&

+$=$5'

7KLVFDUJRLQ*URXS&KDVQRVSHFLDOKD]DUGV7KLVFDUJRLQ*URXS$PD\OLTXHI\LIVKLSSHGDWD PRLVWXUHFRQWHQWLQH[FHVVRILWV70/6HHVHFWLRQRIWKLV&RGH 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

202

Bilaga 1

06&$GG $11(; 3DJH

,52125(

'(6&5,37,21

,URQRUHYDULHVLQFRORXUIURPGDUNJUH\WRUXVW\UHGYDULHVLQLURQFRQWHQWIURPKDHPDWLWHKLJK JUDGHRUHWRLURQVWRQHRIWKHORZHUFRPPHUFLDOUDQJHV0RLVWXUHFRQWHQWWR0LQHUDO &RQFHQWUDWHVDUHGLIIHUHQWFDUJRHVVHH,521&21&(175$7(

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

8SWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN ,URQRUHFDUJRHVPD\DIIHFWPDJQHWLFFRPSDVVHV

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQW

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

/RDGLQJ UDWHV RI WKLV FDUJR DUH QRUPDOO\ YHU\ KLJK 'XH FRQVLGHUDWLRQ VKDOO EH SDLG RQ WKH EDOODVWLQJ RSHUDWLRQ WR GHYHORS WKH ORDGLQJ SODQ UHTXLUHG E\ UHJXODWLRQ 9, LQ 62/$6&RQYHQWLRQ

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

203

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

204

Bilaga 1

06&$GG $11(; 3DJH

,52125(3(//(76

'(6&5,37,21

3HOOHWVDUHDSSUR[LPDWHO\VSKHULFDOOXPSVIRUPHGE\FUXVKLQJLURQRUHLQWRDSRZGHU7KLVLURQ R[LGH LV IRUPHG LQWR SHOOHWV E\ XVLQJ FOD\ DV D ELQGHU DQG WKHQ KDUGHQLQJ E\ ILULQJ LQ NLOQV R DW &0RLVWXUHFRQWHQWWR

&+$5$&7(5,67,&6

205

Bilaga 1

06&$GG $11(; 3DJH

,5212;,'(63(17RU ,5216321*(63(1781 REWDLQHGIURPFRDOJDVSXULILFDWLRQ

'(6&5,37,21

3RZGHU\PDWHULDOEODFNEURZQUHGRU\HOORZ6WURQJRGRXUPD\WDLQWRWKHUFDUJR

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

8SWRPP %

+$=$5'

/LDEOH WR KHDW DQG LJQLWH VSRQWDQHRXVO\ HVSHFLDOO\ LI FRQWDPLQDWHG ZLWK RLO RU PRLVWXUH 7R[LF JDVHV K\GURJHQ VXOSKLGH VXOSKXU GLR[LGH DQG K\GURJHQ F\DQLGH PD\ EH SURGXFHG 'XVWPD\FDXVHDQH[SORVLRQKD]DUG/LDEOHWRUHGXFHWKHR[\JHQLQWKHFDUJRVSDFH

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

3ULRUWRORDGLQJWKHVKLSSHURUWKHPDQXIDFWXUHUVKDOOSURYLGHWKHPDVWHUZLWKDFHUWLILFDWHVWDWLQJ WKDWWKHFDUJRKDVEHHQFRROHGDQGWKHQZHDWKHUHGIRUQRWOHVVWKDQZHHNVSULRUWRVKLSPHQW

9(17,/$7,21

6XUIDFHYHQWLODWLRQRQO\HLWKHUQDWXUDORUPHFKDQLFDOVKDOOEHFRQGXFWHGDVQHFHVVDU\GXULQJ WKHYR\DJHIRUWKLVFDUJR

206

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

)RUTXDQWLWDWLYHPHDVXUHPHQWVRIR[\JHQDQGK\GURJHQF\DQLGHVXLWDEOHGHWHFWRUVIRUHDFKJDV RU FRPELQDWLRQ RI JDVHV VKDOO EH RQ ERDUG ZKLOH WKLV FDUJR LV FDUULHG 7KH GHWHFWRUV VKDOO EH VXLWDEOHIRUXVHLQDQDWPRVSKHUHZLWKRXWR[\JHQDQGRIFHUWLILHGVDIHW\SHIRUXVHLQH[SORVLYH DWPRVSKHUH7KHFRQFHQWUDWLRQVRIWKHVHJDVHVLQWKHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOEH PHDVXUHG UHJXODUO\ GXULQJ YR\DJH DQG WKH UHVXOWV RI WKH PHDVXUHPHQWV VKDOO EH UHFRUGHG DQG NHSWRQERDUG

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVFRYHUDOOVKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV 6SUD\QR]]OHV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIDYDLODEOH([FOXVLRQRIDLUPD\EH VXIILFLHQWWRFRQWUROILUH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

207

Bilaga 1

06&$GG $11(; 3DJH

,5216721(

'(6&5,37,21

2UH0RLVWXUHWR

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

PP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULP LQ DFFRUGDQFH ZLWK UHOHYDQW SURYLVLRQV UHTXLUHG XQGHU VHFWLRQV DQG RI WKH &RGH ,IGRXEWH[LVWVWULPUHDVRQDEO\OHYHOWRWKHERXQGDULHVRIWKHFDUJRVSDFHVRDVWRPLQLPL]HWKH ULVNRIVKLIWLQJDQGWRHQVXUHWKDWDGHTXDWHVWDELOLW\ZLOOEHPDLQWDLQHGGXULQJWKHYR\DJH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

208

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

209

Bilaga 1

06&$GG $11(; 3DJH

/$%5$'25,7(

'(6&5,37,21

$OLPHVRGDURFNIRUPRIIHOVSDU0D\JLYHRIIGXVW

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

/XPSVPPWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

210

Bilaga 1

06&$GG $11(; 3DJH

/($'1,75$7(81

'(6&5,37,21

:KLWHFU\VWDOV6ROXEOHLQZDWHU'HULYHGIURPWKHDFWLRQRIQLWUDWHDFLGRQOHDG

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 68%6,',$5< *5283

5,6.

1RWDSSOLFDEOH %

+$=$5'

7R[LFLIVZDOORZHGRUGXVWLQKDOHG 1RWFRPEXVWLEOHE\LWVHOIEXWPL[WXUHVZLWKFRPEXVWLEOHPDWHULDOVDUHHDVLO\LJQLWHGDQGEXUQ ILHUFHO\

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1DWXUDO VXUIDFH YHQWLODWLRQ VKDOO EH FRQGXFWHG GXULQJ WKH YR\DJH DV QHFHVVDU\ IRU WKH FDUJR VSDFHVFDUU\LQJWKLVFDUJR

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

211

Bilaga 1

06&$GG $11(; 3DJH

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVFRYHUDOOVKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV 6SUD\QR]]OHV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

8VHFRSLRXVTXDQWLWLHVRIZDWHUZKLFKLVEHVWDSSOLHGLQWKHIRUPRIDVSUD\WRDYRLG GLVWXUELQJWKHVXUIDFHRIWKHPDWHULDO7KHPDWHULDOPD\IXVHRUPHOWLQZKLFKFRQGLWLRQ DSSOLFDWLRQRIZDWHUPD\UHVXOWLQH[WHQVLYHVFDWWHULQJRIWKHPROWHQPDWHULDOV([FOXVLRQRI DLURUWKHXVHRI&2 ZLOOQRWFRQWUROWKHILUH'XHFRQVLGHUDWLRQVKRXOGEHJLYHQWRWKHHIIHFW RQWKHVWDELOLW\RIWKHVKLSGXHWRDFFXPXODWHGZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

212

Bilaga 1

06&$GG $11(; 3DJH

/($'25(

'(6&5,37,21

+HDY\VRIWJUH\VROLGPDWHULDO

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

3RZGHU 1RWDSSOLFDEOH &

+$=$5'

7R[LFZLWKDFLGVHYROYHVKLJKO\WR[LFYDSRXU 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´DOOFODVVOLTXLGV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

Bilaga 1

06&$GG $11(; 3DJH

/,0(816/$.('

'(6&5,37,21

:KLWHRUJUH\LVKZKLWHLQFRORXU

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

/XPS 0+% %

+$=$5'

8QVODNHG OLPH FRPELQHV ZLWK ZDWHU WR IRUP FDOFLXP K\GUR[LGH K\GUDWHG OLPH RU PDJQHVLXP K\GUR[LGH7KLVUHDFWLRQGHYHORSVDJUHDWGHDORIKHDWZKLFKPD\EHVXIILFLHQWWRFDXVHLJQLWLRQ RIQHDUE\FRPEXVWLEOHPDWHULDOV7KLVLVQRWFRPEXVWLEOHRUKDVDORZILUHULVNFRUURVLYHWRH\HV DQGPXFRXVPHPEUDQHV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´DOOSDFNDJHGGDQJHURXVJRRGVDQGVROLGEXONFDUJRHVLQ*URXS%

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

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

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

214

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

'RQRWGLVFKDUJHGXULQJSUHFLSLWDWLRQ

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

1LOQRQFRPEXVWLEOH 'RQRWXVHZDWHULILQYROYHGLQDILUH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

215

Bilaga 1

06&$GG $11(; 3DJH

/,0(6721(

'(6&5,37,21

/LPHVWRQH YDULHV LQ FRORXU IURP FUHDP WKURXJK ZKLWH WR PHGLXP GDUN JUH\ ZKHQ IUHVKO\ EURNHQ 0RLVWXUHXSWR

&+$5$&7(5,67,&6

216

Bilaga 1

06&$GG $11(; 3DJH

/,17('&277216(('

ZLWKQRWPRUHWKDQPRLVWXUHDQGQRWPRUHWKDQRLO

'(6&5,37,21

&RWWRQVHHGZLWKVKRUWFRWWRQILEUHVDGKHULQJWRWKHNHUQHODIWHUDSSUR[LPDWHO\RIWKH FRWWRQKDVEHHQUHPRYHGE\PDFKLQH

&+$5$&7(5,67,&6

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

0+% %

+$=$5'

0D\VHOIKHDWDQGGHSOHWHR[\JHQLQFDUJRVSDFH

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

(QWU\ LQWR WKH FDUJR VSDFH IRU WKLV FDUJR VKDOO QRW EH SHUPLWWHG XQWLO WKH FDUJR VSDFH KDV EHHQ YHQWLODWHGDQGWKHDWPRVSKHUHWHVWHGIRUFRQFHQWUDWLRQRIR[\JHQ

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

+DWFKHVVKRXOGEHZHDWKHUWLJKWWRSUHYHQWWKHLQJUHVVRIZDWHU

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJLQJIDFHVDV QHFHVVDU\

&/($183

1RVSHFLDOUHTXLUHPHQWV

217

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

218

Bilaga 1

06&$GG $11(; 3DJH

0$*1(6,$'($'%851('

'(6&5,37,21

0DQXIDFWXUHGLQEULTXHWWHIRUPDQGLVXVXDOO\ZKLWHEURZQRUJUH\,WLVYHU\VLPLODULQVL]H DSSHDUDQFH DQG KDQGOLQJ WR JUDYHO DQG LV GU\ DQG GXVW\ 'HDGEXUQHG PDJQHVLD LV QDWXUDO PDJQHVLWHFDOFLQHGDWYHU\KLJKWHPSHUDWXUHVZKLFKUHVXOWVLQDQRQUHDFWLYHPDJQHVLXPR[LGH ZKLFKGRHVQRWK\GUDWHRUSURGXFHVSRQWDQHRXVKHDW

&+$5$&7(5,67,&6

219

Bilaga 1

06&$GG $11(; 3DJH

0$*1(6,$816/$.('

'(6&5,37,21

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

)LQHVWRPP 0+% %

+$=$5'

&RPELQHVZLWKZDWHUWRIRUPPDJQHVLXPK\GUR[LGHZLWKDQH[SDQVLRQLQYROXPHDQGDUHOHDVH RIKHDW0D\LJQLWHPDWHULDOVZLWKORZLJQLWLRQWHPSHUDWXUHV6LPLODUWR/,0(816/$.(' EXWLVOHVVUHDFWLYH&RUURVLYHWRH\HVDQGPXFRXVPHPEUDQHV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´DOOSDFNDJHGGDQJHURXVJRRGVDQGVROLGEXONFDUJRHVLQ*URXS%

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

$SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQWRSURWHFWPDFKLQHU\DQGDFFRPPRGDWLRQVSDFHVIURPWKH GXVWRIWKHFDUJR%LOJHZHOOVRIWKHFDUJRVSDFHVVKDOOEHSURWHFWHGIURPLQJUHVVRIWKHFDUJR 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRSURWHFWHTXLSPHQWIURPWKHGXVWRIWKHFDUJR3HUVRQVZKR PD\ EH H[SRVHG WR WKH GXVW RI WKH FDUJR VKDOO ZHDU JRJJOHV RU RWKHU HTXLYDOHQW GXVW H\HSURWHFWLRQDQGGXVWILOWHUPDVNV7KRVHSHUVRQVVKDOOZHDUSURWHFWLYHFORWKLQJDVQHFHVVDU\

9(17,/$7,21

(0(5*(1&<$&7,21,17+((9(172)),5(

1LOQRQFRPEXVWLEOH 'RQRWXVHZDWHULIFDUJRLVLQYROYHGLQDILUH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

221

Bilaga 1

06&$GG $11(; 3DJH

0$*1(6,7(QDWXUDO

'(6&5,37,21

0DJQHVLWHLVZKLWHWR\HOORZLQFRORXU

&+$5$&7(5,67,&6

222

Bilaga 1

06&$GG $11(; 3DJH

0$*1(6,801,75$7(81

'(6&5,37,21

:KLWHFU\VWDOVVROXEOHLQZDWHU+\JURVFRSLF

1RVSHFLDOUHTXLUHPHQWV

223

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVFRYHUDOOVKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV 6SUD\QR]]OHV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

8VHFRSLRXVTXDQWLWLHVRIZDWHUZKLFKLVEHVWDSSOLHGLQWKHIRUPRIDVSUD\WRDYRLG GLVWXUELQJWKHVXUIDFHRIWKHPDWHULDO7KHPDWHULDOPD\IXVHRUPHOWLQZKLFKFRQGLWLRQ DSSOLFDWLRQRIZDWHUPD\UHVXOWLQH[WHQVLYHVFDWWHULQJRIWKHPROWHQPDWHULDOV([FOXVLRQRI DLURUWKHXVHRI&2 ZLOOQRWFRQWUROWKHILUH'XHFRQVLGHUDWLRQVKRXOGEHJLYHQWRWKHHIIHFW RQWKHVWDELOLW\RIWKHVKLSGXHWRWKHDFFXPXODWHGZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

5(0$5.6

0DWHULDOLVQRQFRPEXVWLEOHXQOHVVFRQWDPLQDWHG

224

Bilaga 1

06&$GG $11(; 3DJH

0$1*$1(6(25(

'(6&5,37,21

0DQJDQHVHRUHLVEODFNWREURZQLVKEODFNLQFRORXU,WLVDYHU\KHDY\FDUJR 0RLVWXUHFRQWHQWXSWR

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR ILQHVWR OXPSVWR

6,=( &/$66 *5283

)LQHGXVWWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

225

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

226

Bilaga 1

06&$GG $11(; 3DJH

0$5%/(&+,36

'(6&5,37,21

'U\GXVW\ZKLWHWRJUH\OXPSVSDUWLFOHVDQGSRZGHUPL[HGZLWKDVPDOODPRXQWRIJUDYHODQG SHEEOHV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

227

Bilaga 1

06&$GG $11(; 3DJH

0(7$/68/3+,'(&21&(175$7(6 6HHDOVR0LQHUDO&RQFHQWUDWHVVFKHGXOH

'(6&5,37,21

0LQHUDOFRQFHQWUDWHVDUHUHILQHGRUHVLQZKLFKWKHYDOXDEOHFRPSRQHQWVKDYHEHHQHQULFKHGE\ HOLPLQDWLQJ WKH EXON RI ZDVWH PDWHULDOV *HQHUDOO\ WKH SDUWLFOH VL]H LV VPDOO DOWKRXJK DJJORPHUDWHVVRPHWLPHVH[LVWLQFRQFHQWUDWHVZKLFKKDYHQRWEHHQIUHVKO\SURGXFHG 7KH PRVW FRPPRQ FRQFHQWUDWHV LQ WKLV FDWHJRU\ DUH ]LQF FRQFHQWUDWHV OHDG FRQFHQWUDWHV FRSSHUFRQFHQWUDWHVDQGORZJUDGHPLGGOLQJFRQFHQWUDWHV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

9DULRXV 0+% $DQG%

+$=$5'

6RPH VXOSKLGH FRQFHQWUDWHV DUH OLDEOH WR R[LGDWLRQ DQG PD\ KDYH D WHQGHQF\ WR VHOIKHDW ZLWK DVVRFLDWHGR[\JHQGHSOHWLRQDQGHPLVVLRQRIWR[LFIXPHV6RPHPDWHULDOVPD\SUHVHQWFRUURVLRQ SUREOHPV :KHQD0HWDO6XOSKLGH&RQFHQWUDWHLVFRQVLGHUHGDVSUHVHQWLQJDORZILUHULVNWKHFDUULDJHRI VXFKFDUJRRQDVKLSQRWILWWHGZLWKDIL[HGJDVILUHH[WLQJXLVKLQJV\VWHPVKRXOGEHVXEMHFWWRWKH $GPLQLVWUDWLRQ¶VDXWKRUL]DWLRQDVSURYLGHGE\62/$6UHJXODWLRQ,,

672:$( 6(5(*$7,21

8QOHVVGHWHUPLQHGE\WKHFRPSHWHQWDXWKRULW\VHJUHJDWLRQDVUHTXLUHGIRUFODVVPDWHULDOV ³6HSDUDWHGIURP´IRRGVWXIIVDQGDOOFODVVDFLGV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

:KHQDFDUJRLVFDUULHGLQDVKLSRWKHUWKDQVSHFLDOO\FRQVWUXFWHGRUILWWHGFDUJRVKLSFRPSO\LQJ ZLWK WKH UHTXLUHPHQWV LQ VXEVHFWLRQ RI WKLV &RGH WKH IROORZLQJ SURYLVLRQV VKDOO EH FRPSOLHGZLWK

228

Bilaga 1

06&$GG $11(; 3DJH

/2$',1*

$VWKHGHQVLW\RIWKHFDUJRLVH[WUHPHO\KLJKWKHWDQNWRSPD\EHRYHUVWUHVVHGXQOHVVWKHFDUJRLV HYHQO\VSUHDGDFURVVWKHWDQNWRSWRHTXDOL]HWKHZHLJKWGLVWULEXWLRQ'XHFRQVLGHUDWLRQVKDOOEH SDLGWRHQVXUHWKDWWKHWDQNWRSLVQRWRYHUVWUHVVHGGXULQJWKHYR\DJHDQGGXULQJORDGLQJE\DSLOH RIWKHFDUJR

35(&$87,216

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

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

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

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

229

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQ ([FOXVLRQRIDLUPD\EHVXIILFLHQWWRFRQWUROWKHILUH'RQRWXVHZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

5(0$5.6

)LUHPD\EHLQGLFDWHGE\WKHVPHOORIVXOSKXUGLR[LGH

230

Bilaga 1

06&$GG $11(; 3DJH

0LQHUDO&RQFHQWUDWHV

6HH%XON&DUJR6KLSSLQJ1DPHVEHORZ

&(0(17&233(5 /($'25(5(6,'8( 3<5,7,&&,1'(56 &233(5&21&(175$7( /($'6,/9(5 6,/9(5/($'&21&(175$7( ,521&21&(175$7( &21&(175$7( 6/,*LURQRUH ,521&21&(175$7( 0$1*$1(6( =,1&$1'/($'&$/&,1(6 SHOOHWIHHG &21&(175$7( PL[HG ,521&21&(175$7( 1()(/(1(6<(1,7( =,1&$1'/($'0,''/,1*6 VLQWHUIHHG PLQHUDO =,1&&21&(175$7( /($'$1'=,1&&$/&,1(6 1,&.(/&21&(175$7( =,1&6,17(5 PL[HG 3(17$+<'5$7(&58'( =,1&6/8'*( /($'$1'=,1&0,''/,1*6 3<5,7(6 /($'&21&(175$7( 3<5,7,&$6+(6LURQ

$OONQRZQ%XON&DUJR6KLSSLQJ1DPHV%&61RIPLQHUDOFRQFHQWUDWHVDUHOLVWHGDERYHEXWWKH OLVWLVQRWH[KDXVWLYH6HHDOVRWKHHQWULHVIRU0HWDO6XOSKLGH&RQFHQWUDWHV

'(6&5,37,21

0LQHUDO FRQFHQWUDWHV DUH UHILQHG RUHV LQ ZKLFK YDOXDEOH FRPSRQHQWV KDYH EHHQ HQULFKHG E\ HOLPLQDWLQJWKHEXONRIZDVWHPDWHULDOV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

9DULRXV 1RWDSSOLFDEOH $

+$=$5'

7KHDERYHPDWHULDOVPD\OLTXHI\LIVKLSSHGDWPRLVWXUHFRQWHQWLQH[FHVVRIWKHLU7UDQVSRUWDEOH PRLVWXUHOLPLW70/6HHVHFWLRQRIWKH&RGH7KHVHFDUJRHVDUHQRQFRPEXVWLEOHRUKDYH ORZILUHULVNV 7KLVFDUJRZLOOGHFRPSRVHEXUODSRUFDQYDVFORWKFRYHULQJELOJHZHOOV&RQWLQXRXVFDUULDJHRI WKLVFDUJRPD\KDYHGHWULPHQWDOVWUXFWXUDOHIIHFWVRYHUDORQJSHULRGRIWLPH

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

231

Bilaga 1

06&$GG $11(; 3DJH

:($7+(535(&$87,216

/2$',1*

7KLVFDUJRVKDOOEHWULPPHGWRHQVXUHWKDWWKHKHLJKWGLIIHUHQFHEHWZHHQSHDNVDQGWURXJKVGRHV QRW H[FHHG RI WKH VKLS¶V EUHDGWK DQG WKDW WKH FDUJR VORSHV XQLIRUPO\ IURP WKH KDWFK ERXQGDULHVWRWKHEXONKHDGVDQGQRVKHDULQJIDFHVUHPDLQWRFROODSVHGXULQJYR\DJHLQSDUWLFXODU RQVPDOOHUVKLSVLHPORQJRUOHVV $VWKHGHQVLW\RIWKHFDUJRLVH[WUHPHO\KLJKWKHWDQNWRSPD\EHRYHUVWUHVVHGXQOHVVWKHFDUJRLV HYHQO\VSUHDGDFURVVWKHWDQNWRSWRHTXDOL]HWKHZHLJKWGLVWULEXWLRQ'XHFRQVLGHUDWLRQVKDOOEH SDLGWRHQVXUHWKDWWKHWDQNWRSLVQRWRYHUVWUHVVHGGXULQJWKHYR\DJHDQGGXULQJORDGLQJE\DSLOH RIWKHFDUJR

35(&$87,216

%LOJHZHOOVVKDOOEHFOHDQGU\DQGFRYHUHGDVDSSURSULDWHWRSUHYHQWLQJUHVVRIWKHFDUJR%LOJH V\VWHPRIDFDUJRVSDFHWRZKLFKWKLVFDUJRLVWREHORDGHGVKDOOEHWHVWHGWRHQVXUHLWLVZRUNLQJ

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

232

Bilaga 1

06&$GG $11(; 3DJH

0212$0021,803+263+$7(0$3

'(6&5,37,21

0$3 LV RGRXUOHVV DQG FRPHV LQ WKH IRUP RI EURZQLVKJUH\ JUDQXOHV ,W FDQ EH YHU\ GXVW\ +\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

qWRq WR WR

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

%XON0$3KDVDS+RIDQGLQWKHSUHVHQFHRIPRLVWXUHFRQWHQWFDQEHKLJKO\FRUURVLYH 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW 7KLVFDUJRZLOOGHFRPSRVHEXUODSRUFDQYDVFORWKFRYHULQJELOJHZHOOV&RQWLQXRXVFDUULDJHRI WKLVFDUJRPD\KDYHGHWULPHQWDOVWUXFWXUDOHIIHFWVRYHUDORQJSHULRGRIWLPH

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

$SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQWRSURWHFWPDFKLQHU\DQGDFFRPPRGDWLRQVSDFHVIURPWKH GXVWRIWKHFDUJR%LOJHZHOOVRIWKHFDUJRVSDFHVVKDOOEHSURWHFWHGIURPLQJUHVVRIWKHFDUJR 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRSURWHFWHTXLSPHQWIURPWKHGXVWRIWKHFDUJR3HUVRQVZKR PD\ EH H[SRVHG WR WKH GXVW RI WKH FDUJR VKDOO ZHDU JRJJOHV RU RWKHU HTXLYDOHQW GXVW H\HSURWHFWLRQDQGGXVWILOWHUPDVNV7KRVHSHUVRQVVKDOOZHDUSURWHFWLYHFORWKLQJDVQHFHVVDU\

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

233

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

&RQGHQVDWLRQ LQ WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VZHDWLQJ RI WKLV FDUJR DQG HQWHULQJ RI ZDWHUIURPKDWFKFRYHUVWRWKHFDUJRVSDFHVVKDOOEHFKHFNHGUHJXODUO\GXULQJWKHYR\DJH'XH DWWHQWLRQVKDOOEHSDLGWRWKHVHDOLQJRIKDWFKHVRIWKHFDUJRVSDFHV

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

$IWHUGLVFKDUJHRIWKLVFDUJRSDUWLFXODUDWWHQWLRQVKDOOEHSDLGWRELOJHZHOOVRIWKHFDUJRVSDFHV

234

Bilaga 1

06&$GG $11(; 3DJH

3($1876LQVKHOO

'(6&5,37,21

$QHGLEOHWDQFRORXUHGQXW9DULDEOHPRLVWXUHFRQWHQW([WUHPHO\GXVW\

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

0D\KHDWVSRQWDQHRXVO\ 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³$ZD\IURP´VRXUFHVRIKHDW

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

235

Bilaga 1

06&$GG $11(; 3DJH

3($70266

'(6&5,37,21

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

&+$5$&7(5,67,&6

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG ([FOXVLRQRIDLUPD\EHVXIILFLHQWWRFRQWUROILUH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

237

Bilaga 1

06&$GG $11(; 3DJH

3(%%/(6VHD

'(6&5,37,21

5RXQGSHEEOHV5ROOVYHU\HDVLO\

&+$5$&7(5,67,&6

238

Bilaga 1

06&$GG $11(; 3DJH

3(//(76FRQFHQWUDWHV

'(6&5,37,21

&RQFHQWUDWHRUHZKLFKKDVEHHQSHOOHWL]HG0RLVWXUHXSWR

&+$5$&7(5,67,&6

239

Bilaga 1

06&$GG $11(; 3DJH

3(5/,7(52&.

'(6&5,37,21

&OD\OLNHDQGGXVW\/LJKWJUH\2GRXUOHVV0RLVWXUHWR

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

240

Bilaga 1

06&$GG $11(; 3DJH

3(752/(80&2.(FDOFLQHGRUXQFDOFLQHG

'(6&5,37,21

%ODFNILQHO\GLYLGHGUHVLGXHIURPSHWUROHXPUHILQLQJLQWKHIRUPRISRZGHUDQGVPDOOSLHFHV R 7KHSURYLVLRQVRIWKLVVFKHGXOHVKRXOGQRWDSSO\WRPDWHULDOVKDYLQJDWHPSHUDWXUHEHORZ & ZKHQORDGHG

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

3RZGHUWRVPDOOSLHFHV 0+% %

+$=$5'

8QFDOFLQHG SHWUROHXP FRNH LV OLDEOH WR KHDW DQG LJQLWH VSRQWDQHRXVO\ ZKHQ QRW ORDGHG DQG WUDQVSRUWHGXQGHUWKHSURYLVLRQVRIWKLVHQWU\ 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV ³6HSDUDWHG ORQJLWXGLQDOO\ E\ DQ LQWHUYHQLQJ FRPSOHWH FRPSDUWPHQW RU KROG IURP´ DOO JRRGV RI FODVVGLYLVLRQVDQG ³6HSDUDWHG E\ D FRPSOHWH FRPSDUWPHQW RU KROG IURP´ DOO RWKHU KD]DUGRXV PDWHULDOV DQG GDQJHURXVJRRGVJRRGVLQSDFNDJHGIRUPDQGVROLGEXONPDWHULDOV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

:KHQWKHFDUJRLVORDGHGLQDFDUJRVSDFHRYHUDWDQNFRQWDLQLQJIXHORURWKHUPDWHULDO KDYLQJDIODVKSRLQWXQGHU&WKHFDUJRKDYLQJWHPSHUDWXUHRI&RUKLJKHUVKDOOQRW EHORDGHGLQWKHFDUJRVSDFHXQOHVVSDUWRIWKHFDUJRKDYLQJWHPSHUDWXUH&RUORZHULV ORDGHGLQDOD\HURIDWOHDVWPWKLFNQHVVWKURXJKRXWWKHFDUJRVSDFHSULRUWRORDGLQJ WKHFDUJRKDYLQJWHPSHUDWXUHRI&RUKLJKHU :KHQWKHFDUJRKDYLQJWHPSHUDWXUHRI&RUKLJKHULVORDGHGLQDFFRUGDQFHZLWKWKH DERYH UHTXLUHPHQW DQG WKH WKLFNQHVV RI WKH OD\HU RI WKH FDUJR WR EH ORDGHG LV ELJJHU WKDQ P WKH FDUJR VKDOO ILUVW EH ORDGHG ZLWKLQ D OD\HU WKH WKLFNQHVV RI ZKLFK LV EHWZHHQPDQGP $IWHUWKHFRPSOHWLRQRIORDGLQJRSHUDWLRQVSHFLILHGLQWKHDERYHSDUDJUDSKVWKHORDGLQJ RSHUDWLRQPD\SURFHHG 7KH FDUJR VKDOO EH WULPPHG LQ DFFRUGDQFH ZLWK WKH FDUJR LQIRUPDWLRQ UHTXLUHG E\ VHFWLRQ RI WKLV&RGH

241

Bilaga 1

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVFRYHUDOOVKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV 6SUD\QR]]OHV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHRIVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIDYDLODEOH ([FOXVLRQRIDLUPD\EHVXIILFLHQWWRFRQWUROILUH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

242

Bilaga 1

06&$GG $11(; 3DJH

3+263+$7(GHIOXRULQDWHG

'(6&5,37,21

*UDQXODUVLPLODUWRILQHVDQG6KLSSHGGU\'DUNJUH\1RPRLVWXUHFRQWHQW

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

243

Bilaga 1

06&$GG $11(; 3DJH

3+263+$7(52&.FDOFLQHG

'(6&5,37,21

8VXDOO\LQWKHIRUPRIILQHJURXQGURFNRUSULOOV([WUHPHO\GXVW\+\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

1RVSHFLDOUHTXLUHPHQWV

244

Bilaga 1

06&$GG $11(; 3DJH

3+263+$7(52&.XQFDOFLQHG

'(6&5,37,21

3KRVSKDWHURFNLVDQRUHLQZKLFKSKRVSKRUXVDQGR[\JHQDUHFKHPLFDOO\XQLWHG'HSHQGLQJRQ WKHVRXUFHLWLVWDQWRGDUNJUH\GU\DQGGXVW\0RLVWXUHWR'HSHQGLQJRQLWVVRXUFH WKLVFDUJRPD\KDYHIORZFKDUDFWHULVWLFEXWRQFHVHWWOHGLWLVQRWOLDEOHWRVKLIW

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

3RZGHUWROXPSV 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

245

Bilaga 1

06&$GG $11(; 3DJH

3,*,521

'(6&5,37,21

)RXQGU\ SLJ LURQ LV FDVW LQ JUDGHV LQWR NJ SLJV ,Q D UDQGRP KHDS SLJ LURQ RFFXSLHV DSSUR[LPDWHO\RIWKHDSSDUHQWYROXPH

&+$5$&7(5,67,&6

246

Bilaga 1

06&$GG $11(; 3DJH

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

3ULRU WR ZDVKLQJ RXW WKH UHVLGXHV RI WKLV FDUJR WKH ELOJH ZHOOV RI WKH FDUJR VSDFHV VKDOO EH FOHDQHG

247

Bilaga 1

06&$GG $11(; 3DJH

3,7&+35,//

'(6&5,37,21

3LWFK 3ULOO LV PDGH IURP WDU SURGXFHG GXULQJ WKH FRNLQJ RI FRDO ,W LV EODFN ZLWK D GLVWLQFWLYH RGRXU,WLVH[WUXGHGLQWRLWVFKDUDFWHULVWLFSHQFLOVKDSHWRPDNHKDQGOLQJHDVLHU &DUJRVRIWHQVEHWZHHQ&WR&0HOWLQJSRLQW&WR&

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

PPGLDPHWHUDQG 0+% % XSWRFPORQJ

+$=$5'6

0HOWVZKHQKHDWHG&RPEXVWLEOHEXUQVZLWKDGHQVHEODFNVPRNH'XVWPD\FDXVHVNLQDQGH\H LUULWDWLRQ1RUPDOO\WKLVFDUJRKDVDORZILUHULVN+RZHYHUSRZGHURIWKHFDUJRLVHDV\WRLJQLWH DQG PD\ FDXVH ILUH DQG H[SORVLRQ 6SHFLDO FDUH VKRXOG EH WDNHQ IRU SUHYHQWLQJ ILUH GXULQJ ORDGLQJRUGLVFKDUJLQJ

672:$( 6(5(*$7,21

6HJUHJDWLRQDVUHTXLUHGIRUFODVVPDWHULDOV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

7KLVFDUJRVKDOOQRWEHVWRZHGLQDFDUJRVSDFHDGMDFHQWWRKHDWHGWDQNVWRDYRLGVRIWHQLQJDQG PHOWLQJRIWKHFDUJR

35(&$87,216

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

9(17,/$7,21

6XUIDFHYHQWLODWLRQRQO\HLWKHUQDWXUDORUPHFKDQLFDOVKDOOEHFRQGXFWHGDVQHFHVVDU\GXULQJ WKHYR\DJHIRUWKLVFDUJR

248

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

$IWHU WKH FRPSOHWLRQ RI ORDGLQJ RI WKLV FDUJR WKH KDWFKHV RI WKH FDUJR VSDFHV VKDOO EH VHDOHG &RQGHQVDWLRQLQWKHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOEHFKHFNHGUHJXODUO\GXULQJYR\DJH

',6&+$5*(

$GHTXDWHPHDVXUHVVKDOOEHWDNHQWRSUHYHQWGXVWJHQHUDWLRQ

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVRYHUDOOVDQGKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXVVSUD\QR]]OHV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)$),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIDYDLODEOH ([FOXVLRQRIDLUPD\EHVXIILFLHQWWRFRQWUROILUH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

249

Bilaga 1

06&$GG $11(; 3DJH

$33(1',;

3,7&+35,//

*HQHUDOSUHFDXWLRQV

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±HLWKHUORDGLQJRUGLVFKDUJLQJ 7KHFDUJRGXVWLVHDVLO\LJQLWHGDQGPD\FDXVHILUHDQGH[SORVLRQ6SHFLDOFDUHVKDOOEH WDNHQWRSUHYHQWILUHGXULQJORDGLQJDQGGLVFKDUJLQJWKHFDUJR

250

Bilaga 1

06&$GG $11(; 3DJH

327$6+

'(6&5,37,21

%URZQ SLQN RU ZKLWH LQ FRORXU SRWDVK LV SURGXFHG LQ JUDQXODU FU\VWDOV ,W LV RGRXUOHVV DQG K\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

qWRq WR WR

6,=( &/$66 *5283

3RZGHUWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLI ZHW

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

1RVSHFLDOUHTXLUHPHQWV

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

$IWHUWKHFRPSOHWLRQRIORDGLQJRIWKLVFDUJRWKHKDWFKHVRIWKHFDUJRVSDFHVVKDOOEHVHDOHGWR SUHYHQWZDWHULQJUHVVDVQHFHVVDU\

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

7KLVFDUJRLVPLOGO\FRUURVLYH$IWHUGLVFKDUJHRIWKLVFDUJRWKHFDUJRVSDFHVDQGWKHELOJHZHOOV VKDOOEHWKRURXJKO\VZHSWFOHDQDQGZDVKHGRXWWRUHPRYHDOOWUDFHVRIWKHFDUJRH[FHSWLQWKH FDVH WKDW WKH FDUJR WR EH ORDGHG KDV WKH VDPH %&61 RI WKH FDUJR WR EH ORDGHG VXEVHTXHQW WR GLVFKDUJH LV 327$6+

251

Bilaga 1

06&$GG $11(; 3DJH

327$66,80&+/25,'(

'(6&5,37,21

%URZQSLQNRUZKLWHLQFRORXUSRZGHU3RWDVVLXP &KORULGHLVSURGXFHGLQJUDQXODUFU\VWDOV ,WLVRGRXUOHVVDQGLVVROXEOHLQZDWHU+\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

qWRq WR WR

6,=( &/$66 *5283

8SWRPP 1RWDSSOLFDEOH &

+$=$5'

(YHQWKRXJKWKLVFDUJRLVFODVVLILHGDVQRQKD]DUGRXVLWPD\FDXVHKHDY\FRUURVLRQZKHQZHW 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

1RVSHFLDOUHTXLUHPHQWV

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

$IWHUWKHFRPSOHWLRQRIORDGLQJRIWKLVFDUJRWKHKDWFKHVRIWKHFDUJRVSDFHVVKDOOEHVHDOHGWR SUHYHQWZDWHULQJUHVV

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

$IWHU GLVFKDUJH RI WKLV FDUJR WKH FDUJR VSDFHV DQG WKH ELOJH ZHOOV VKDOO EH VZHSW FOHDQ DQG WKRURXJKO\ZDVKHGRXW

252

Bilaga 1

06&$GG $11(; 3DJH

327$66,801,75$7(81

'(6&5,37,21

7UDQVSDUHQWFRORXUOHVVRUZKLWHFU\VWDOOLQHSRZGHURUFU\VWDOV+\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

qWRq

6,=( &/$66 *5283

&U\VWDOVRUSRZGHU %

+$=$5'

2[LGL]HV ZKHQ ZHW 0L[WXUHV ZLWK FRPEXVWLEOH PDWHULDOV DUH UHDGLO\ LJQLWHG DQG PD\ EXUQ ILHUFHO\ 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

'XHUHJDUGVKDOOEHSDLGWRSUHYHQWFRQWDFWRIWKHFDUJRDQGFRPEXVWLEOHPDWHULDOV

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

1RVSHFLDOUHTXLUHPHQWV

253

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVFRYHUDOOVKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV 6SUD\QR]]OHV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

8VHFRSLRXVTXDQWLWLHVRIZDWHUZKLFKLVEHVWDSSOLHGLQWKHIRUPRIDVSUD\ WRDYRLGGLVWXUELQJWKHVXUIDFHRIWKHPDWHULDO 7KHPDWHULDOPD\IXVHRUPHOWLQZKLFKFRQGLWLRQDSSOLFDWLRQRIZDWHU PD\UHVXOWLQH[WHQVLYHVFDWWHULQJRIWKHPROWHQPDWHULDOV ([FOXVLRQRIDLURUWKHXVHRI&2 ZLOOQRWFRQWUROWKHILUH 'XHFRQVLGHUDWLRQVKRXOGEHJLYHQWRWKHHIIHFWRQWKHVWDELOLW\RIWKHVKLS GXHWRDFFXPXODWHGZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

5(0$5.6

7KLVPDWHULDOLVQRQFRPEXVWLEOHXQOHVVFRQWDPLQDWHG

254

Bilaga 1

06&$GG $11(; 3DJH

327$66,8068/3+$7(

'(6&5,37,21

+DUGFU\VWDOVRUSRZGHU&RORXUOHVVRUZKLWH

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

06&$GG $11(; 3DJH

380,&(

'(6&5,37,21

+LJKO\SRURXVURFNRIYROFDQLFRULJLQ*UH\LVKZKLWH

&+$5$&7(5,67,&6

256

Bilaga 1

06&$GG $11(; 3DJH

3<5,7(FRQWDLQLQJFRSSHUDQGLURQ

7KLVFDUJRFDQEHFDWHJRUL]HGDV*URXS$RU&7KLVFDUJRHQWU\LVIRUFDUJRLQ*URXS&

'(6&5,37,21

,URQGLVXOSKLGHFRQWDLQLQJFRSSHUDQGLURQ0RLVWXUHWR([WUHPHO\GXVW\

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

)LQHVWROXPSVRIPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

257

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

258

Bilaga 1

06&$GG $11(; 3DJH

3<5,7(6&$/&,1('&DOFLQHG3\ULWHV

'(6&5,37,21

'XVWWRILQHV&DOFLQHG3\ULWHVLVWKHUHVLGXDOSURGXFWIURPWKHFKHPLFDOLQGXVWU\ZKHUHDOOW\SHV RIPHWDOVXOSKLGHVDUHHLWKHUXVHGIRUWKHSURGXFWLRQRIVXOSKXULFDFLGRUDUHSURFHVVHGWRUHFRYHU WKHHOHPHQWDOPHWDOV±FRSSHUOHDG]LQFHWF7KHDFLGLW\RIWKHUHVLGXHFDQEHFRQVLGHUDEOHLQ SDUWLFXODU LQ WKH SUHVHQFH RI ZDWHU RU PRLVW DLU ZKHUH S+ YDOXHV EHWZHHQ DQG DUH IUHTXHQWO\QRWHG

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH 0+% $DQG%

+$=$5'

+LJKO\ FRUURVLYH WR VWHHO ZKHQ ZHW ,QKDODWLRQ RI GXVW LV LUULWDWLQJ DQG KDUPIXO &DUJR PD\ OLTXHI\ 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

'XHFRQVLGHUDWLRQVKDOOEHSDLGWRFOHDQLQJDQGGU\LQJRIWKHFDUJRVSDFHV

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

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

259

Bilaga 1

06&$GG $11(; 3DJH

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

$IWHUWKHFRPSOHWLRQRIORDGLQJRIWKLVFDUJRWKHKDWFKHVRIWKHFDUJRVSDFHVVKDOOEHVHDOHGWR SUHYHQWZDWHULQJUHVVDVQHFHVVDU\

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

1LO

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

1LOQRQFRPEXVWLEOH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

260

Bilaga 1

06&$GG $11(; 3DJH

3<523+<//,7(

'(6&5,37,21

$QDWXUDOK\GURXVDOXPLQXPVLOLFDWH&KDONZKLWH0D\EHGXVW\ /XPSV5XEEOH)LQHV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

/XPSWRILQH 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

261

Bilaga 1

06&$GG $11(; 3DJH

48$57=

'(6&5,37,21

&U\VWDOOLQHOXPSV

&+$5$&7(5,67,&6

262

Bilaga 1

06&$GG $11(; 3DJH

48$57=,7(

'(6&5,37,21

4XDUW]LWHLVDFRPSDFWJUDQXODUPHWDPRUSKRVHGVDQGVWRQHFRQWDLQLQJTXDUW],WLVZKLWHUHG EURZQRUJUH\LQFRORXUDQGLWVVL]HYDULHVIURPODUJHURFNVWRSHEEOHV,WPD\DOVREHVKLSSHGLQ VHPLFUXVKHGDQGJUDGHGVL]HV

&+$5$&7(5,67,&6

263

Bilaga 1

06&$GG $11(; 3DJH

5$',2$&7,9(0$7(5,$//2:63(&,),&$&7,9,7</6$QRQILVVLOHRUILVVLOHH[FHSWHG 81

'(6&5,37,21

7KLVVFKHGXOHLQFOXGHVRUHVFRQWDLQLQJQDWXUDOO\RFFXUULQJUDGLRQXFOLGHVHJXUDQLXPWKRULXP DQG QDWXUDO RU GHSOHWHG XUDQLXP DQG WKRULXP FRQFHQWUDWHV RI VXFK RUHV LQFOXGLQJ PHWDOV PL[WXUHVDQGFRPSRXQGV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

/RZUDGLRWR[LFLW\6RPHPDWHULDOVPD\SRVVHVVFKHPLFDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

3HUVRQQHOVKDOOQRWEHXQQHFHVVDULO\H[SRVHGWRGXVWRIWKLVFDUJR3HUVRQVZKRPD\EHH[SRVHG WR WKH GXVW RI WKH FDUJR VKDOO ZHDU SURWHFWLYH FORWKLQJ JRJJOHV RU RWKHU HTXLYDOHQW GXVW H\HSURWHFWLRQDQGIDFHPDVNV7KHUHVKDOOEHQROHDNDJHRXWVLGHWKHFDUJRVSDFHLQZKLFKWKLV FDUJRLVVWRZHG

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

$OOLQVWUXFWLRQVSURYLGHGE\WKHVKLSSHUVKDOOEHIROORZHGIRUWKHFDUULDJHRIWKLVFDUJR

264

Bilaga 1

06&$GG $11(; 3DJH

',6&+$5*(

$OOLQVWUXFWLRQVSURYLGHGE\WKHVKLSSHUVKDOOEHIROORZHGIRUWKHGLVFKDUJHRIWKLVFDUJR

&/($183

&DUJRVSDFHVXVHGIRUWKLVFDUJRVKDOOQRWEHXVHGIRURWKHUJRRGVXQWLOGHFRQWDPLQDWHG5HIHUWR VXEVHFWLRQRIWKLV&RGH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVFRYHUDOOVKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG 8VHZDWHUVSUD\WRFRQWUROVSUHDGRIGXVWLIQHFHVVDU\

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG 5DGLRIRUPHGLFDODGYLFH

5(0$5.6

0RVW PDWHULDOV DUH OLNHO\ WR EH QRQFRPEXVWLEOH 6SHHGLO\ FROOHFW DQG LVRODWH SRWHQWLDOO\ FRQWDPLQDWHGHTXLSPHQWDQGFRYHU6HHNH[SHUWDGYLFH

265

Bilaga 1

06&$GG $11(; 3DJH

5$',2$&7,9( 0$7(5,$/ 685)$&( &217$0,1$7(' 2%-(&76 6&2 QRQILVVLOHRUILVVLOHH[FHSWHG81

'(6&5,37,21

7KH UDGLRDFWLYLW\ RI 6&2 LV ORZ 7KLV VFKHGXOH LQFOXGHV VROLG REMHFWV RI QRQUDGLRDFWLYH PDWHULDOKDYLQJDUDGLRDFWLYHPDWHULDOGLVWULEXWHGRQLWVVXUIDFHVZKLFK

WKH QRQIL[HG FRQWDPLQDWLRQ RQ WKH DFFHVVLEOH VXUIDFH DYHUDJHG RYHU FP RUWKHDUHDRIWKHVXUIDFHLIOHVVWKDQFP GRHVQRWH[FHHG%TFP IRUEHWDDQG JDPPDHPLWWHUVDQGORZWR[LFLW\DOSKDHPLWWHURU%TFP IRUDOORWKHUDOSKDHPLWWHUV WKH IL[HG FRQWDPLQDWLRQ RQ WKH DFFHVVLEOH VXUIDFH DYHUDJHG RYHU FP RUWKHDUHDRIWKHVXUIDFH LI OHVV WKDQ FP GRHV QRW H[FHHG [ %TFP IRU EHWDDQGJDPPDHPLWWHUVDQGORZWR[LFLW\DOSKDHPLWWHUVRU[ %TFP IRUDOORWKHU DOSKDHPLWWHUVDQG WKH QRQIL[HG FRQWDPLQDWLRQ SOXV WKH IL[HG FRQWDPLQDWLRQ RQ WKH LQDFFHVVLEOH VXUIDFHDYHUDJHGRYHUFP RUWKHDUHDRIWKHVXUIDFHLIOHVVWKDQFP GRHVQRW H[FHHG [ %TFP IRU EHWD DQG JDPPD HPLWWHUV DQG ORZWR[LFLW\ DOSKD HPLWWHUV RU[ %TFP IRUDOORWKHUDOSKDHPLWWHUV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

/RZUDGLRDFWLYLW\ 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

266

Bilaga 1

06&$GG $11(; 3DJH

35(&$87,216

3HUVRQQHOVKDOOQRWEHH[SRVHGWRGXVWRIWKLVFDUJR3HUVRQVZKRPD\EHH[SRVHGWRWKHGXVWRI WKH FDUJR VKDOO ZHDU SURWHFWLYH FORWKLQJ JRJJOHV DQG IDFHPDVNV 7KHUH VKDOO EH QR OHDNDJH RXWVLGHWKHFDUJRVSDFHLQZKLFKWKLVFDUJRLVVWRZHG

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

$OOLQVWUXFWLRQVSURYLGHGE\WKHVKLSSHUVKDOOEHIROORZHGIRUWKHFDUULDJHRIWKLVFDUJR

',6&+$5*(

$OOLQVWUXFWLRQVSURYLGHGE\WKHVKLSSHUVKDOOEHIROORZHGIRUWKHGLVFKDUJHRIWKLVFDUJR

&/($183

&DUJRVSDFHVXVHGIRUWKLVFDUJRVKDOOQRWEHXVHGIRURWKHUJRRGVXQWLOGHFRQWDPLQDWHG5HIHUWR VXEVHFWLRQRIWKLV&RGH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVFRYHUDOOVKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG 8VHZDWHUVSUD\WRFRQWUROVSUHDGRIGXVWLIQHFHVVDU\

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG 5DGLRIRUPHGLFDODGYLFH

5(0$5.6

0RVW PDWHULDOV DUH OLNHO\ WR EH QRQFRPEXVWLEOH 6SHHGLO\ FROOHFW DQG LVRODWH SRWHQWLDOO\ FRQWDPLQDWHGHTXLSPHQWDQGFRYHU6HHNH[SHUWDGYLFH

267

Bilaga 1

06&$GG $11(; 3DJH

5$625,7($1+<'5286

'(6&5,37,21

$JUDQXODU\HOORZZKLWHFU\VWDOOLQHPDWHULDOZLWKOLWWOHRUQRGXVW$EUDVLYH+\JURVFRSLF

&+$5$&7(5,67,&6

268

Bilaga 1

06&$GG $11(; 3DJH

587,/(6$1'

'(6&5,37,21

)LQHSDUWLFOHGEURZQWREODFNVDQG$EUDVLYH6KLSSHGGU\0D\EHGXVW\

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

&/($183

1RVSHFLDOUHTXLUHPHQWV

270

Bilaga 1

06&$GG $11(; 3DJH

6$/7

'(6&5,37,21

)LQH ZKLWH JUDLQV 0RLVWXUH YDULDEOH WR 7KLV FDUJR LV KLJKO\ VROXEOH ,Q WKH FDVH RI LQJUHVV RI ZDWHU LQWR WKH KROGV WKHUH LV D ULVN WR WKH ORVV RI WKH VWDELOLW\ RI WKH VKLS WKURXJK GLVVROXWLRQRIWKLVFDUJRIRUPDWLRQRIDZHWEDVHDQGVKLIWLQJRIFDUJR

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

*UDLQVXSWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

7KHSDUWVRIWKHFDUJRVSDFHLQFRQWDFWZLWKWKHFDUJRVXFKDVWDQNWRSVKRSSHUVVLGHSODWLQJDQG EXONKHDGVVKDOOEHOLPHZDVKHGRUFRDWHGZLWKSDLQWWRSUHYHQWFRUURVLRQ

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

$IWHUWKHFRPSOHWLRQRIORDGLQJRIWKLVFDUJRWKHKDWFKHVRIWKHFDUJRVSDFHVVKDOOEHVHDOHG

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

271

Bilaga 1

06&$GG $11(; 3DJH

6$/7&$.(

'(6&5,37,21

,PSXUHVRGLXPVXOSKDWH:KLWHLQFRORXU*UDQXODUVKLSSHGGU\

&+$5$&7(5,67,&6

272

Bilaga 1

06&$GG $11(; 3DJH

6$/752&.

'(6&5,37,21

:KLWH0RLVWXUHFRQWHQW

&+$5$&7(5,67,&6

273

Bilaga 1

06&$GG $11(; 3DJH

6$1'

'(6&5,37,21

8VXDOO\ILQHSDUWLFOHV$EUDVLYHDQGGXVW\ 6DQGVLQFOXGHGLQWKLVVFKHGXOHDUH

)281'5<6$1' 6,/,&$6$1' 327$66,80)(/63$56$1' 62'$)(/63$56$1' 48$57=6$1'

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

PPWRPP 1RWDSSOLFDEOH &

+$=$5'

,QKDODWLRQRIVLOLFDGXVWFDQUHVXOWLQUHVSLUDWRU\GLVHDVH6LOLFDSDUWLFXODWHVDUHHDVLO\WUDQVSRUWHG E\DLUDQGLQKDOHG ,QGXVWULDOVDQGPD\EHFRDWHGZLWKUHVLQDQGZLOOFDNHLIH[SRVHGWRKHDW&WR& 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

,QGXVWULDOVDQGFRDWHGZLWKUHVLQVKDOOEH³VHSDUDWHGIURP´VRXUFHVRIKHDW

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

$SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQWRSURWHFWPDFKLQHU\DQGDFFRPPRGDWLRQVSDFHVIURPWKH GXVWRIWKHFDUJR%LOJHZHOOVRIWKHFDUJRVSDFHVVKDOOEHSURWHFWHGIURPLQJUHVVRIWKHFDUJR 'XHFRQVLGHUDWLRQVKDOOEHSDLGWRSURWHFWHTXLSPHQWIURPWKHGXVWRIWKHFDUJR3HUVRQVZKR PD\ EH H[SRVHG WR WKH GXVW RI WKH FDUJR VKDOO ZHDU JRJJOHV RU RWKHU HTXLYDOHQW GXVW H\HSURWHFWLRQDQGGXVWILOWHUPDVNV7KRVHSHUVRQVVKDOOZHDUSURWHFWLYHFORWKLQJDVQHFHVVDU\

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

274

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

7KHELOJHZHOOVRIWKHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOEHNHSWGU\

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

$IWHUGLVFKDUJHRIWKLVFDUJRSDUWLFXODUDWWHQWLRQVKDOOEHSDLGWRELOJHZHOOVRIWKHFDUJRVSDFHV

275

Bilaga 1

06&$GG $11(; 3DJH

6$:'867

'(6&5,37,21

)LQHSDUWLFOHVRIZRRG

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH 0+% %

+$=$5'

6SRQWDQHRXVFRPEXVWLRQLIQRWFOHDQGU\DQGIUHHIURPRLO/LDEOHWRFDXVHR[\JHQGHSOHWLRQ ZLWKLQWKHFDUJRVSDFH

672:$( 6(5(*$7,21

6HJUHJDWLRQDVUHTXLUHGIRUFODVVPDWHULDOV ³6HSDUDWHGIURP´DOOFODVVOLTXLGVDQGDOOFODVVOLTXLGV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

277

Bilaga 1

06&$GG $11(; 3DJH

6&5$30(7$/

'(6&5,37,21

³6FUDS´ LURQ RU VWHHO FRYHUV DQ HQRUPRXV UDQJH RI IHUURXV PHWDOV SULQFLSDOO\ LQWHQGHG IRU UHF\FOLQJ

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH 9DULHV 9DULHV

6,=( &/$66 *5283

9DULHV 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLV FDUJR LV QRQFRPEXVWLEOH RU KDV D ORZ ILUHULVN H[FHSW ZKHQ FDUJR FRQWDLQV VZDUI ILQH PHWDO WXUQLQJV OLDEOH WR VSRQWDQHRXV FRPEXVWLRQ UHIHU WR WKH HQWU\ IRU IHUURXV PHWDO ERULQJV VKDYLQJVWXUQLQJVRUFXWWLQJLQWKLV&RGH

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

35(&$87,216

5HIHUWRWKHDSSHQGL[WRWKLVVFKHGXOH

9(17,/$7,21

6XUIDFHYHQWLODWLRQRQO\HLWKHUQDWXUDORUPHFKDQLFDOVKDOOEHFRQGXFWHGDVQHFHVVDU\GXULQJ WKHYR\DJHIRUWKLVFDUJR

&$55,$*(

%LOJHVLQWKHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHSXPSHGXQOHVVDEVROXWHO\QHFHVVDU\ %LOJHZDWHU RI WKLV FDUJR PD\ FRQWDLQ D FHUWDLQ DPRXQW RI GLUW DQG RLO IURP ROG PDFKLQHU\ 5HIHUWRWKHDSSHQGL[WRWKLVLQGLYLGXDOVFKHGXOH

278

Bilaga 1

06&$GG $11(; 3DJH

',6&+$5*(

:KHQWKLVFDUJRLVGLVFKDUJHGE\PDJQHWRUVSLGHUJUDE WKHGHFNDQGGHFNPDFKLQHULHVVKDOOEHSURWHFWHGIURPIDOOLQJFDUJRDQG GDPDJHVWRWKHVKLSVKDOOEHFKHFNHGDIWHUWKHFRPSOHWLRQRIGLVFKDUJH

&/($183

3ULRUWRFOHDQLQJXSWKHFDUJRVSDFHVIRUWKLVFDUJRWKHFUHZVKDOOEHLQIRUPHGRIGDQJHUGXHWR EURNHQJODVVDQGVKDUSHGJHV3ULRUWRZDVKLQJRXWWKHUHVLGXHVRIWKLVFDUJRDQ\RLOVSLOODJHV VKDOOEHFOHDQHGIURPWKHWDQNWRSVDQGWKHELOJHZHOOVRIWKHFDUJRVSDFHVIRUWKLVFDUJR

279

Bilaga 1

06&$GG $11(; 3DJH

$33(1',;

6&5$30(7$/

+DQGOLQJ RI WKLV FDUJR YDULHV IURP PDJQHWV WR VSLGHU JUDEV GHSHQGLQJ XVXDOO\ RQ WKH VL]H RI PDWHULDO 7KLV FDUJR PD\ LQFOXGH DUWLFOHV IURP WKH VL]H RI FDU ERGLHV WR ILQH PHWDO WXUQLQJV VZDUI7KHZHLJKWRILQGLYLGXDOSLHFHVZLOODOVRYDU\JUHDWO\UDQJLQJIURPKHDY\PDFKLQHU\WR WLQFDQV

/RDGLQJ

%HIRUHORDGLQJWKHFDUJRVSDFHVVKDOOEHSUHSDUHGDVSHUJHQHUDOORDGLQJSUDFWLFHDQGDQ\DUHDV OLDEOHWREHGDPDJHGE\IDOOLQJFDUJRVKDOOEHSURWHFWHGZLWKGXQQDJH7KLVLQFOXGHVGHFNVDQG FRDPLQJVLQZD\RIWKHPDWHULDO¶VSDWKWRWKHFDUJRVSDFHV5HPRYLQJWKHVKLS¶VVLGHUDLOVPD\ EHDGYLVDEOH

$ OD\HU RI WKLV FDUJR VKDOO EH FDUHIXOO\ SODFHG RYHU WKH WDQNWRS LQ WKH VTXDUH WR FXVKLRQ DQ\ IDOORXW0DJQHWDQGJUDEGULYHUVVKDOOEHLQVWUXFWHGQRWWRUHOHDVHWKHLUORDGVWRRKLJKDERYHWKH SLOH

7KHXVXDOPHWKRGRIORDGLQJLVWRIRUPDSLOHDORQJWKHVKLS¶VFHQWUHOLQHDQGXVHWKHVORSHWRUROO PDWHULDO LQWR WKH HQGV DQG VLGHV (YHU\ HIIRUW PXVW EH PDGH WR ZRUN WKH ZLQJV DQG HQGV WR HYHQO\ GLVWULEXWH WKH ZHLJKW ,I WKLV LV QRW GRQH WKH OLJKW KLJK YROXPH SLHFHV ZLOO UROO WR WKH ZLQJVDQGWKHVPDOOKHDY\SLHFHVZLOOFRQFHQWUDWHLQWKHVTXDUH

:KHQSXPSLQJWKHELOJHZHOOVWKHPDVWHUVKDOOEHDZDUHRIWKDWDFHUWDLQDPRXQWRIGLUWDQGRLO FDQEHH[SHFWHGIURPROGPDFKLQHU\%URNHQJODVVDQGVKDUSMDJJHGHGJHVPD\EHSUHVHQWDQG FDUHVKDOOEHWDNHQE\SHUVRQQHOZRUNLQJQHDUVFUDS

%HIRUH KDWFKHV DUH FORVHG WKH FDUJR VSDFHV VKDOO EH FKHFNHG WKDW QR VKDUS SURMHFWLRQV FRXOG SLHUFHWKHVKLS¶VVLGH

280

Bilaga 1

06&$GG $11(; 3DJH

6(('&$.(FRQWDLQLQJYHJHWDEOHRLO81

DPHFKDQLFDOO\H[SHOOHGVHHGVFRQWDLQLQJPRUHWKDQRIRLO RUPRUHWKDQRIRLODQGPRLVWXUHFRPELQHG

7KHUDQJHRIRLODQGPRLVWXUHFRQWHQWLVLQGLFDWHGLQWKH ILJXUH

2LO>

0RLVWXUH>@

7REHFDUULHGLQEXONRQO\ZLWKVSHFLDOSHUPLVVLRQIURPWKHFRPSHWHQWDXWKRULW\

'(6&5,37,21

5HVLGXHUHPDLQLQJDIWHURLOKDVEHHQH[SHOOHGPHFKDQLFDOO\IURPRLOEHDULQJVHHGV7KHFHUHDOV DQGFHUHDOSURGXFWVLQFOXGHGLQWKLVVFKHGXOHDUHWKRVHGHULYHGIURP

%DNHU\PDWHULDOV 0LOOIHHGSHOOHWV %DUOH\PDOWSHOOHWV 1LJHUVHHGH[SHOOHUV %HHW 2LOFDNH %UDQSHOOHWV 3DOPNHUQHO %UHZHU¶VJUDLQSHOOHWV 3HDQXWV &LWUXVSXOSSHOOHWV 3HOOHWVFHUHDO &RFRQXW 3ROODUGSHOOHWV &RSUD 5DSHVHHG &RUQJOXWHQ 5LFHEURNHQ &RWWRQVHHG 5LFHEUDQ ([SHOOHUV 6DIIORZHUVHHG *OXWHQSHOOHWV 6HHGH[SHOOHUVRLO\ *URXQGQXWVPHDO 6R\DEHDQ +RPLQ\FKRS 6WUXVVDSHOOHWV /LQVHHG 6XQIORZHUVHHG 0DL]H 7RDVWHGPHDOV 0HDORLO\

7KHDERYHPD\EHVKLSSHGLQWKHIRUPRISXOSPHDOVFDNHSHOOHWVDQGH[SHOOHUV

281

Bilaga 1

06&$GG $11(; 3DJH

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

0D\VHOIKHDWVORZO\DQGLIZHWRUFRQWDLQLQJDQH[FHVVLYHSURSRUWLRQRIXQR[LGL]HGRLOLJQLWH VSRQWDQHRXVO\ /LDEOH WR R[LGL]H FDXVLQJ VXEVHTXHQW UHGXFWLRQ RI R[\JHQ LQ WKH FDUJR VSDFH &DUERQGLR[LGHPD\EHSURGXFHG

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWVRWKHUWKDQSUHVFULEHGLQVHFWLRQRIWKLV&RGH

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

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

9(17,/$7,21

7KH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO QRW EH PHFKDQLFDOO\ YHQWLODWHG GXULQJ YR\DJH WR SUHYHQWVHOIKHDWLQJRIWKHFDUJRH[FHSWLQFDVHRIHPHUJHQF\

282

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

+DWFKHV RI WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH ZHDWKHUWLJKW WR SUHYHQW WKH LQJUHVV RI ZDWHU

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

283

Bilaga 1

06&$GG $11(; 3DJH

6(('&$.(FRQWDLQLQJYHJHWDEOHRLO81

EVROYHQWH[WUDFWLRQVDQGH[SHOOHGVHHGVFRQWDLQLQJQRWPRUHWKDQ RIRLODQGZKHQWKHDPRXQWRIPRLVWXUHLVKLJKHUWKDQ QRWPRUHWKDQRIRLODQGPRLVWXUHFRPELQHG

1RWH 7KLVHQWU\FRYHUVWKHIROORZLQJ

DOOVROYHQWH[WUDFWHGDQGH[SHOOHGVHHGFDNHV FRQWDLQLQJ QRW PRUH WKDQ RLO DQGQRWPRUHWKDQPRLVWXUHDQG

DOO VROYHQW H[WUDFWHG DQG H[SHOOHG VHHG FDNHV FRQWDLQLQJ QRW PRUH WKDQ RLO DQG PRLVWXUH FRQWHQW KLJKHU WKDQ LQ ZKLFK FDVH WKH RLO DQG PRLVWXUH FRPELQHGPXVWQRWH[FHHG

7KHUDQJHRIRLODQGPRLVWXUHFRQWHQWLV LQGLFDWHGLQWKHILJXUH

2LO>

0RLVWXUH>@

:KHQLQVROYHQWH[WUDFWHGVHHGFDNHWKHRLORURLODQGPRLVWXUHFRQWHQWH[FHHGVWKHSHUFHQWDJHV VWDWHGDERYHJXLGDQFHVKRXOGEHVRXJKWIURPWKHFRPSHWHQWDXWKRULWLHV

'(6&5,37,21

5HVLGXH UHPDLQLQJ DIWHU RLO KDV EHHQ H[WUDFWHG E\ D VROYHQW SURFHVV RU H[SHOOHG PHFKDQLFDOO\ IURP RLOEHDULQJ VHHGV 7KH FHUHDOV DQG FHUHDO SURGXFWV LQFOXGHG LQ WKLV VFKHGXOH DUH WKRVH GHULYHGIURP

284

Bilaga 1

06&$GG $11(; 3DJH

7KHDERYHPD\EHVKLSSHGLQWKHIRUPRISXOSPHDOVFDNHSHOOHWVDQGH[SHOOHUV 7KH SURYLVLRQV RI WKLV VFKHGXOH VKRXOG QRW DSSO\ WR VROYHQW H[WUDFWHG UDSH VHHG PHDO SHOOHWV VR\D EHDQ PHDO FRWWRQ VHHG PHDO DQG VXQIORZHU VHHG PHDO FRQWDLQLQJ QRW PRUH WKDQ RLO DQGRLODQGPRLVWXUHFRPELQHG$FHUWLILFDWHIURPDSHUVRQUHFRJQL]HGE\WKHFRPSHWHQW DXWKRULW\RIWKHFRXQWU\RIVKLSPHQWVKRXOGEHSURYLGHGE\WKHVKLSSHUSULRUWRORDGLQJVWDWLQJ WKDWWKHSURYLVLRQVIRUWKHH[HPSWLRQDUHPHW

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

0D\VHOIKHDWVORZO\DQGLIZHWRUFRQWDLQLQJDQH[FHVVLYHSURSRUWLRQRIXQR[LGL]HGRLOLJQLWH VSRQWDQHRXVO\ /LDEOH WR R[LGL]H FDXVLQJ VXEVHTXHQW UHGXFWLRQ RI R[\JHQ LQ WKH FDUJR VSDFH &DUERQGLR[LGHPD\DOVREHSURGXFHG

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWVRWKHUWKDQSUHVFULEHGLQVHFWLRQRIWKLV&RGH ,I WKH EXONKHDG EHWZHHQ WKH FDUJR VSDFH DQG WKH HQJLQHURRP LV QRW LQVXODWHG WR FODVV $ VWDQGDUGVROYHQWH[WUDFWLRQVHHGVKDOOEHVWRZHG³DZD\IURP´WKHEXONKHDG

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7KLV FDUJR VKDOO RQO\ EH DFFHSWHG IRU ORDGLQJ ZKHQ WKH FDUJR LV VXEVWDQWLDOO\ IUHH IURP IODPPDEOHVROYHQWDQGDFHUWLILFDWHIURPDSHUVRQUHFRJQL]HGE\WKHFRPSHWHQWDXWKRULW\RIWKH FRXQWU\RIVKLSPHQWVSHFLI\LQJWKHRLOFRQWHQWDQGPRLVWXUHFRQWHQWLVLVVXHG 7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

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

285

Bilaga 1

06&$GG $11(; 3DJH

KDYHEHHQFDUULHGRXWDQGLWKDVEHHQHVWDEOLVKHGWKDWWKHR[\JHQFRQWHQWKDVEHHQUHVWRUHGWRD QRUPDO OHYHO :KHQ WKH SODQQHG LQWHUYDO EHWZHHQ WKH FRPPHQFHPHQW RI ORDGLQJ DQG WKH FRPSOHWLRQRIGLVFKDUJHRIWKLVFDUJRH[FHHGVGD\VWKHFDUJRVKDOOQRWEHDFFHSWHGIRUORDGLQJ XQOHVVWKHFDUJRLVWREHFDUULHGLQDFDUJRVSDFHHTXLSSHGZLWKIDFLOLWLHVIRULQWURGXFLQJFDUERQ GLR[LGHRULQHUWJDVLQWRWKHVSDFH6PRNLQJDQGWKHXVHRIQDNHGOLJKWVVKDOOEHSURKLELWHGLQWKH YLFLQLW\RIWKHFDUJRVSDFHGXULQJORDGLQJDQGXQORDGLQJDQGRQHQWU\LQWRWKHFDUJRVSDFHVDW DQ\RWKHUWLPH(OHFWULFDOFLUFXLWVIRUHTXLSPHQWLQFDUJRVSDFHVZKLFKLVXQVXLWDEOHIRUXVHLQDQ H[SORVLYH DWPRVSKHUH VKDOO EH LVRODWHG E\ UHPRYDO RI OLQNV LQ WKH V\VWHP RWKHU WKDQ IXVHV Spark-DUUHVWLQJVFUHHQVVKDOOEHILWWHGWRYHQWLODWRUVWRWKHFDUJRVSDFHVFRQWDLQLQJRIWKLVFDUJR

9(17,/$7,21

6XUIDFHYHQWLODWLRQHLWKHUQDWXUDORUPHFKDQLFDOVKRXOGEHFRQGXFWHGDVQHFHVVDU\IRUUHPRYLQJ DQ\UHVLGXDOVROYHQWYDSRXU7RSUHYHQWVHOIKHDWLQJRIWKHFDUJRFDXWLRQLVUHTXLUHGZKHQXVLQJ PHFKDQLFDOYHQWLODWLRQ

&$55,$*(

+DWFKHV RI WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH ZHDWKHUWLJKW WR SUHYHQW WKH LQJUHVV RI ZDWHU

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQ8VHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

5(0$5.6

,Q WKH FDVH RI VROYHQWH[WUDFWHG VHHG FDNH WKH XVH RI &2 VKRXOG EH ZLWKKHOG XQWLO ILUH LV DSSDUHQW 7KH XVH RI &2 LV OLPLWHG WR FRQWUROOLQJ WKH ILUH DQG IXUWKHU DPRXQWV PD\ QHHG WR EH LQMHFWHG IURPWLPHWRWLPHGXULQJWKHVHDSDVVDJHWRUHGXFHWKHR[\JHQFRQWHQWLQWKHKROG2QDUULYDOLQ SRUWWKHFDUJRZLOOQHHGWREHGXJRXWWRUHDFKWKHVHDWRIWKHILUH

286

Bilaga 1

06&$GG $11(; 3DJH

6(('&$.(81 ZLWKQRWPRUHWKDQRLO DQGQRWPRUHWKDQPRLVWXUH

7KHUDQJHRIRLODQGPRLVWXUHFRQWHQWLVLQGLFDWHG LQWKHILJXUH

2LO>

0RLVWXUH>@

'(6&5,37,21

5HVLGXH UHPDLQLQJ DIWHU RLO KDV EHHQ H[WUDFWHG E\ D VROYHQW SURFHVV IURP RLOEHDULQJ VHHGV 7KHFHUHDOVDQGFHUHDOSURGXFWVLQFOXGHGLQWKLVVFKHGXOHDUHWKRVHGHULYHGIURP

%DNHU\PDWHULDOV 0HDORLO\ %DUOH\PDOWSHOOHWV 0LOOIHHGSHOOHWV %HHW 1LJHUVHHGH[SHOOHUV %UDQSHOOHWV 2LOFDNH %UHZHU¶VJUDLQSHOOHWV 3DOPNHUQHO &LWUXVSXOSSHOOHWV 3HDQXWV &RFRQXW 3HOOHWVFHUHDO &RSUD 3ROODUGSHOOHWV &RUQJOXWHQ 5DSHVHHG &RWWRQVHHG 5LFHEURNHQ ([SHOOHUV 5LFHEUDQ *OXWHQSHOOHWV 6DIIORZHUVHHG *URXQGQXWVPHDO 6HHGH[SHOOHUVRLO\ +RPLQ\FKRS 6R\DEHDQ /LQVHHG 6WUXVVDSHOOHWV 0DL]H 6XQIORZHUVHHG

7KHDERYHPD\EHVKLSSHGLQWKHIRUPRISXOSPHDOVFDNHSHOOHWVH[SHOOHUV 7KH SURYLVLRQV RI WKLV HQWU\ VKRXOG QRW DSSO\ WR VROYHQWH[WUDFWHG UDSH VHHG PHDO SHOOHWV VR\DEHDQ PHDO FRWWRQ VHHG PHDO DQG VXQIORZHU VHHG PHDO FRQWDLQLQJ QRW PRUH WKDQ RLO DQG QRW PRUH WKDQ PRLVWXUH DQG EHLQJ VXEVWDQWLDOO\ IUHH IURP IODPPDEOH VROYHQW $ FHUWLILFDWH IURP D SHUVRQ UHFRJQL]HG E\ WKH FRPSHWHQW DXWKRULW\ RI WKH FRXQWU\ RI VKLSPHQW VKRXOGEHSURYLGHGE\WKHVKLSSHUSULRUWRORDGLQJVWDWLQJWKDWWKHSURYLVLRQVIRUWKHH[HPSWLRQ DUHPHW

287

Bilaga 1

06&$GG $11(; 3DJH

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

PPWRPP %

+$=$5'

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWVRWKHUWKDQSUHVFULEHGLQVHFWLRQRIWKLV&RGH ,I WKH EXONKHDG EHWZHHQ WKH FDUJR VSDFH DQG WKH HQJLQHURRP LV QRW LQVXODWHG WR FODVV $ VWDQGDUGWKLVFDUJRVKDOOEHVWRZHG³DZD\IURP´WKHEXONKHDG

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

35(&$87,216

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

288

Bilaga 1

06&$GG $11(; 3DJH

9(17,/$7,21

6XUIDFHYHQWLODWLRQHLWKHUQDWXUDORUPHFKDQLFDOVKRXOGEHFRQGXFWHGDVQHFHVVDU\IRUUHPRYLQJ DQ\UHVLGXDOVROYHQWYDSRXU7RSUHYHQWVHOIKHDWLQJRIWKHFDUJRFDXWLRQLVUHTXLUHGZKHQXVLQJ PHFKDQLFDOYHQWLODWLRQ

&$55,$*(

+DWFKHV RI WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH ZHDWKHUWLJKW WR SUHYHQW WKH LQJUHVV RI ZDWHU

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQ8VHGVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

5(0$5.6

)RUVROYHQWH[WUDFWHGVHHGFDNHWKHXVHRI&2 VKRXOGEHZLWKKHOGXQWLOILUHLVDSSDUHQW 7KHXVHRI&2 LVOLPLWHGWRFRQWUROOLQJWKHILUHDQGIXUWKHUDPRXQWVPD\QHHGWREHLQMHFWHG IURPWLPHWRWLPHGXULQJSDVVDJHWRUHGXFHWKHR[\JHQFRQWHQWLQWKHKROG2QDUULYDOLQSRUWWKH FDUJRZLOOQHHGWREHGXJRXWWRUHDFKWKHVHDWRIWKHILUH

289

Bilaga 1

06&$GG $11(; 3DJH

6(('&$.(

QRQKD]DUGRXV

'(6&5,37,21

7KH SURYLVLRQV RI WKLV VFKHGXOH DSSO\ WR VROYHQW H[WUDFWHG UDSH VHHG PHDO SHOOHWV VR\D EHDQ PHDOFRWWRQVHHGPHDODQGVXQIORZHUVHHGPHDOFRQWDLQLQJQRWPRUHWKDQRLODQGRLO DQGPRLVWXUHFRPELQHGDQGEHLQJVXEVWDQWLDOO\IUHHIURPIODPPDEOHVROYHQWV $ FHUWLILFDWH IURP D SHUVRQ UHFRJQL]HG E\ WKH FRPSHWHQW DXWKRULW\ RI WKH FRXQWU\ RI VKLSPHQW VKDOOEHSURYLGHGE\WKHVKLSSHUSULRUWRORDGLQJVWDWLQJWKDWWKHUHTXLUHPHQWVIRUH[HPSWLRQDV VHWRXWHLWKHULQWKHVFKHGXOHIRUVHHGFDNH81ERU81ZKLFKHYHULVDSSOLFDEOHDUH PHW

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

1RVSHFLDOUHTXLUHPHQWV

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

290

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

+DWFKHV RI WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH ZHDWKHUWLJKW WR SUHYHQW WKH LQJUHVV RI ZDWHU

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

291

Bilaga 1

06&$GG $11(; 3DJH

6,/,&20$1*$1(6(ORZFDUERQ ZLWKNQRZQKD]DUGSURILOHRUNQRZQWRHYROYHJDVHV ZLWKVLOLFRQFRQWHQWRIRUPRUH

'(6&5,37,21

6LOLFRPDQJDQHVH LV DQ H[WUHPHO\ KHDY\ FDUJR VLOYHU\ PHWDOOLF PDWHULDO ZLWK D JUH\ R[LGH FRDWLQJ

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH $SSUR[ WR

6,=( &/$66 *5283

$SSUR[PP 0+% % WRPP

+$=$5'

,QFRQWDFWZLWKZDWHUPD\HYROYHK\GURJHQDIODPPDEOHJDVWKDWPD\IRUPH[SORVLYHPL[WXUHV ZLWKDLUDQGPD\XQGHUVLPLODUFRQGLWLRQVSURGXFHSKRVSKLQHDQGDUVLQHZKLFKDUHKLJKO\WR[LF JDVHV &DUJRLVOLDEOHWRUHGXFHR[\JHQFRQWHQWLQDFDUJRVSDFH 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

6HJUHJDWLRQDVUHTXLUHGIRUFODVVPDWHULDOV ³6HSDUDWHGIURP´IRRGVWXIIVDQGDOOFODVVOLTXLGV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

292

Bilaga 1

06&$GG $11(; 3DJH

35(&$87,216

7KH PDQXIDFWXUHU RU WKH VKLSSHU VKDOO SURYLGH WKH PDVWHU ZLWK D FHUWLILFDWH VWDWLQJ WKDW DIWHU PDQXIDFWXUHWKHFDUJRZDVVWRUHGXQGHUFRYHUEXWH[SRVHGWRRSHQDLUIRUQRWOHVVWKDQWKUHH GD\V SULRU WR VKLSPHQW 6PRNLQJ VKDOO QRW EH DOORZHG RQ GHFN DQG LQ WKH FDUJR VSDFHV DQG ³12602.,1*´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

(QWU\RISHUVRQQHOLQWRHQFORVHGVSDFHVVKRXOGQRWEHSHUPLWWHGXQWLOWHVWVKDYHEHHQFDUULHGRXW DQGLWKDVEHHQHVWDEOLVKHGWKDWWKHR[\JHQFRQWHQWKDVEHHQUHVWRUHGWRDQRUPDOOHYHOWKURXJKRXW WKH VSDFH DQG WKDW QR WR[LF JDV LV SUHVHQW XQOHVV DGHTXDWH YHQWLODWLRQ DQG DLU FLUFXODWLRQ WKURXJKRXWWKHIUHHVSDFHDERYHWKHPDWHULDOKDVEHHQHIIHFWHG 3URKLELWLRQ RI VPRNLQJ LQ GDQJHURXV DUHDV VKRXOG EH HQIRUFHG DQG FOHDUO\ OHJLEOH ³12602.,1*´VLJQVVKRXOGEHGLVSOD\HG

(OHFWULFDO ILWWLQJV DQG FDEOHV VKRXOG EH LQ JRRG FRQGLWLRQ DQG SURSHUO\ VDIHJXDUGHG DJDLQVW VKRUWFLUFXLWVDQGVSDUNLQJ:KHUHDEXONKHDGLVUHTXLUHGWREHVXLWDEOHIRUVHJUHJDWLRQSXUSRVHV FDEOHDQGFRQGXLWSHQHWUDWLRQVRIWKHGHFNVDQGEXONKHDGVVKRXOGEHVHDOHGDJDLQVWWKHSDVVDJH RIJDVDQGYDSRXU

:KHQHYHU SRVVLEOH YHQWLODWLRQ V\VWHPV VKRXOG EH VKXW GRZQ RU VFUHHQHG DQG DLU FRQGLWLRQ V\VWHPV LI DQ\ SODFHG RQ UHFLUFXODWLRQ GXULQJ ORDGLQJ RU GLVFKDUJH LQ RUGHU WR PLQLPL]H WKH HQWU\RIGXVWLQWROLYLQJTXDUWHUVRURWKHULQWHULRUVSDFHVRIWKHVKLS 3UHFDXWLRQV VKRXOG EH WDNHQ WR PLQLPL]H WKH H[WHQW WR ZKLFK GXVW PD\ FRPH LQ FRQWDFW ZLWK PRYLQJSDUWVRIGHFNPDFKLQHU\DQGH[WHUQDOQDYLJDWLRQDLGVHJQDYLJDWLRQOLJKWV

9(17,/$7,21

0HFKDQLFDOVXUIDFHYHQWLODWLRQVKDOOEHFRQGXFWHGGXULQJWKHYR\DJHDVQHFHVVDU\IRUWKHFDUJR VSDFHVFDUU\LQJWKLVFDUJR

&$55,$*(

)RUTXDQWLWDWLYHPHDVXUHPHQWVRIR[\JHQDQGIODPPDEOHJDVHVOLDEOHWREHHYROYHGE\WKHFDUJR D VXLWDEOH GHWHFWRU IRU HDFK JDV RU FRPELQDWLRQ RI JDVHV VKDOO EH RQ ERDUG ZKLOH WKLV FDUJR LV FDUULHG7KHGHWHFWRUVKDOOEHVXLWDEOHIRUXVHLQDQDWPRVSKHUHZLWKRXWR[\JHQDQGRIFHUWLILHG VDIHW\SHIRUXVHLQH[SORVLYHDWPRVSKHUH7KHFRQFHQWUDWLRQVRIWKHVHJDVHVLQWKHFDUJRVSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH PHDVXUHG UHJXODUO\ GXULQJ YR\DJH DQG WKH UHVXOWV RI WKH PHDVXUHPHQWVVKDOOEHUHFRUGHGDQGNHSWRQERDUG

293

Bilaga 1

06&$GG $11(; 3DJH

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQDQGXVH&2 LIDYDLODEOH'RQRWXVHZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

5(0$5.6

0DWHULDOLVYLUWXDOO\QRQFRPEXVWLEOHZKHQGU\

294

Bilaga 1

06&$GG $11(; 3DJH

62'$$6+ 'HQVHDQGOLJKW

'(6&5,37,21

3RZGHU\FRPSRVHGRIZKLWHRGRXUOHVVJUDLQVDQGGXVW,WLVPDGHE\WKHFRPEXVWLRQRIVDOWDQG OLPHVWRQH6ROXEOHLQZDWHU6RGDDVKLVUXLQHGRQFRQWDFWZLWKRLO

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

3RZGHU\ 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

$IWHU GLVFKDUJH RI WKLV FDUJR WKH FDUJR VSDFHV VKDOO EH VZHSW FOHDQ H[FHSW LQ FDVHV ZKHUH WKH FDUJR WR EH ORDGHG KDV WKH VDPH %&61 RI WKH FDUJR WR EH ORDGHG VXEVHTXHQW WR GLVFKDUJH LV 62'$$6+7KHUHVLGXHVRIWKLVFDUJRPD\EHSXPSHGDVVOXUU\GXULQJZDVKLQJRXW

295

Bilaga 1

06&$GG $11(; 3DJH

62',801,75$7(81

'(6&5,37,21

&RORXUOHVVWUDQVSDUHQWRGRXUOHVVFU\VWDOV+\JURVFRSLFDQGVROXEOHLQZDWHU

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

$OWKRXJKQRQFRPEXVWLEOHPL[WXUHVZLWKFRPEXVWLEOHPDWHULDODUHUHDGLO\LJQLWHGDQGPD\EXUQ ILHUFHO\ 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

%LOJHZHOOVVKDOOEHFOHDQGU\DQGFRYHUHGDVDSSURSULDWHWRSUHYHQWLQJUHVVRIWKHFDUJR

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

1RVSHFLDOUHTXLUHPHQWV

296

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVFRYHUDOOVKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV 6SUD\QR]]OHV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

8VHFRSLRXVTXDQWLWLHVRIZDWHUZKLFKLVEHVWDSSOLHGLQWKHIRUPRIDVSUD\WRDYRLG GLVWXUELQJWKHVXUIDFHRIWKHPDWHULDO7KHPDWHULDOPD\IXVHRUPHOWLQZKLFKFRQGLWLRQ DSSOLFDWLRQPD\UHVXOWLQH[WHQVLYHVFDWWHULQJRIWKHPROWHQPDWHULDO([FOXVLRQRIDLURUWKH XVHRI&2 ZLOOQRWFRQWUROWKHILUH'XHFRQVLGHUDWLRQVKRXOGEHJLYHQWRWKHHIIHFWRQWKH VWDELOLW\RIWKHVKLSGXHWRDFFXPXODWHGZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

5(0$5.6

7KLVPDWHULDOLVQRQFRPEXVWLEOHXQOHVVFRQWDPLQDWHG

297

Bilaga 1

06&$GG $11(; 3DJH

62',801,75$7($1'327$66,801,75$7(0,;785(81

'(6&5,37,21

$K\JURVFRSLFPL[WXUHVROXEOHLQZDWHU

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

$OWKRXJK QRQFRPEXVWLEOH PL[WXUHV ZLWK FRPEXVWLEOH PDWHULDO PD\ UHDGLO\ LJQLWH DQG EXUQ ILHUFHO\ 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

'XHUHJDUGVKDOOEHSDLGWRSUHYHQWFRQWDFWRIWKHFDUJRDQGFRPEXVWLEOHPDWHULDOV %LOJHZHOOVVKDOOEHFOHDQGU\DQGFRYHUHGDVDSSURSULDWHWRSUHYHQWLQJUHVVRIWKHFDUJR

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

298

Bilaga 1

06&$GG $11(; 3DJH

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVFRYHUDOOVKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV 6SUD\QR]]OHV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

8VHFRSLRXVTXDQWLWLHVRIZDWHUZKLFKLVEHVWDSSOLHGLQWKHIRUPRIDVSUD\WRDYRLG GLVWXUELQJWKHVXUIDFHRIWKHPDWHULDO7KHPDWHULDOPD\IXVHRUPHOWLQZKLFKFRQGLWLRQ DSSOLFDWLRQRIZDWHUPD\UHVXOWLQH[WHQVLYHVFDWWHULQJRIWKHPROWHQPDWHULDOV([FOXVLRQRI DLURUWKHXVHRI&2 ZLOOQRWFRQWUROWKHILUH'XHFRQVLGHUDWLRQVKRXOGEHJLYHQWRWKHHIIHFW RQWKHVWDELOLW\RIWKHVKLSGXHWRWKHDFFXPXODWHGZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

5(0$5.6

0DWHULDOLVQRQFRPEXVWLEOHXQOHVVFRQWDPLQDWHG

299

Bilaga 1

06&$GG $11(; 3DJH

67$,1/(6667((/5,1',1'867

'(6&5,37,21

%URZQOXPSV0RLVWXUHFRQWHQWWR0D\JLYHRIIGXVW

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

/XPSVPPWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH $VWKHGHQVLW\RIWKHFDUJRLVH[WUHPHO\KLJKWKHWDQNWRSPD\EHRYHUVWUHVVHGXQOHVVWKHFDUJRLV HYHQO\VSUHDGDFURVVWKHWDQNWRSWRHTXDOL]HWKHZHLJKWGLVWULEXWLRQ'XHFRQVLGHUDWLRQVKDOOEHSDLG WRHQVXUHWKDWWDQNWRSLVQRWRYHUVWUHVVHGGXULQJYR\DJHDQGGXULQJORDGLQJE\DSLOHRIWKHFDUJR

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

300

Bilaga 1

06&$GG $11(; 3DJH

6721(&+,33,1*6

'(6&5,37,21

&+$5$&7(5,67,&6

301

Bilaga 1

06&$GG $11(; 3DJH

68*$5

'(6&5,37,21

'HSHQGLQJ RQ W\SH VXJDU PD\ EH HLWKHU EURZQ RU ZKLWH JUDQXOHV ZLWK D YHU\ ORZ PRLVWXUH FRQWHQWWRWKHRUGHURIWR

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

*UDQXOHVXSWRPP 1RWDSSOLFDEOH &

+$=$5'

$VVXJDUGLVVROYHVLQZDWHULQJUHVVRIZDWHUPD\UHVXOWLQWKHFUHDWLRQRIDLUSRFNHWVLQWKHERG\ RIWKHFDUJRZLWKWKHVKLS¶VPRWLRQ7KHKD]DUGVDUHWKHQVLPLODUWRWKHKD]DUGVSUHVHQWHGE\ FDUJRHVZKLFKPD\OLTXHI\,QFDVHRILQJUHVVRIZDWHULQWRWKHKROGVWKHULVNWRWKHVWDELOLW\RI WKHVKLSWKURXJKGLVVROXWLRQRIVXJDUIRUPDWLRQRIDOLTXLGEDVHDQGVKLIWLQJRIFDUJRVKRXOGEH UHFRJQL]HG7KLVFDUJRLVKLJKO\VROXEOH

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

Bilaga 1

06&$GG $11(; 3DJH

68/3+$7(2)327$6+$1'0$*1(6,80

'(6&5,37,21

*UDQXODU OLJKW EURZQ PDWHULDO 6ROXWLRQ LQ ZDWHU LV DOPRVW QHXWUDO 0D\ KDYH D VOLJKW RGRXU R GHSHQGLQJRQWKHSURFHVVRIPDQXIDFWXUHU0HOWLQJSRLQW &0RLVWXUH

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

1RWDSSOLFDEOH 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVKLJKO\VROXEOH7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

Bilaga 1

06&$GG $11(; 3DJH

68/3+85IRUPHGVROLG

'(6&5,37,21

$ FRSURGXFW UHFRYHUHG IURP VRXU JDV SURFHVVLQJ RU RLO UHILQHU\ RSHUDWLRQV WKDW KDV EHHQ VXEMHFWHG WR D IRUPLQJ SURFHVV WKDW FRQYHUWV VXOSKXU IURP D PROWHQ VWDWH LQWR VSHFLILF VROLG VKDSHVHJSULOOVJUDQXOHVSHOOHWVSDVWLOOHVRUIODNHVEULJKW\HOORZLQFRORXURGRXUOHVV7KLV VFKHGXOH LV QRW DSSOLFDEOH WR FUXVKHG OXPS DQG FRDUVHJUDLQHG VXOSKXU VHH 68/3+85 81RUWRFRSURGXFWVIURPVRXUJDVSURFHVVLQJRURLOUHILQHU\RSHUDWLRQV127VXEMHFWHG WRWKHDERYHGHVFULEHGIRUPLQJSURFHVV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

$SSUR[PPWRPP 1RWDSSOLFDEOH &

+$=$5'

7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN,ILQYROYHGLQDILUHFDUJRPD\JHQHUDWH KDUPIXOJDVHV

:KHQKDQGOHGDQGVKLSSHGLQDFFRUGDQFHZLWKWKHSURYLVLRQVRIWKHVFKHGXOHWKLVFDUJRSRVHVQR FRUURVLRQRUGXVWKD]DUGVIRUKXPDQWLVVXHRUYHVVHO

672:$( 6(5(*$7,21

³6HSDUDWHG IURP´ VWURQJ R[LGL]HUV VXFK DV IOXRULQH FKORULQH FKORUDWHV QLWUDWHV QLWULF DFLG SHUR[LGHVOLTXLGR[\JHQSHUPDQJDQDWHVGLFKURPDWHVRUWKHOLNH

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR+ROGVVKDOOQRWEHZDVKHGZLWKVHDZDWHU

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULP LQ DFFRUGDQFH ZLWK WKH UHOHYDQW SURYLVLRQV UHTXLUHG XQGHU VHFWLRQV DQG RI WKH &RGH $SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQWRPLQLPL]HLPSDFWDEUDVLRQDQGFUXVKLQJZKHQKDQGOLQJ WR SUHYHQW GXVW IURP IRUPLQJ 6WDQGDUG DSSOLFDWLRQ RI VXUIDFWDQWV LQKLELWV DLUERUQH GXVW IURP IRUPLQJ

$ILQHZDWHUEDVHGVSUD\WKDWSURPRWHVWKHELQGLQJRIVPDOOHUSDUWLFOHVWRODUJHUSDUWLFOHV

304

Bilaga 1

06&$GG $11(; 3DJH

35(&$87,216

3URWHFWPDFKLQHU\DFFRPPRGDWLRQVDQGHTXLSPHQWIURPVPDOOSDUWLFOHVRUDQ\GXVWLIIRUPHG 3HUVRQVLQYROYHGLQFDUJRKDQGOLQJVKDOOZHDUSURWHFWLYHFORWKLQJJRJJOHVDQGGXVWILOWHUPDVNV +ROGV LQFOXGLQJ WULPPLQJ SODWHV DQG WDQNWRSV VKDOO EH WUHDWHG ZLWK HIIHFWLYH FRPPHUFLDOO\ DYDLODEOH SURWHFWLYH FRDWLQJ RU OLPHZDVKHG WR DYRLG DQ\ SRWHQWLDO FRUURVLYH UHDFWLRQ EHWZHHQ VXOSKXUZDWHUDQGVWHHO8SSHUVHFWLRQVVKDOOKDYHDVRXQGFRDWLQJRISDLQW+DWFKHVVKDOOEH VHDOHGWLJKWO\

9(17,/$7,21

6XUIDFHYHQWLODWLRQRQO\HLWKHUQDWXUDORUPHFKDQLFDOVKDOOEHFRQGXFWHGDVQHFHVVDU\GXULQJ WKHYR\DJHIRUWKLVFDUJR

&$55,$*(

$VDILQHVSUD\RIIUHVKZDWHURUVXUIDFWDQWLVDGGHGGXULQJORDGLQJELOJHVVKDOOEHVRXQGHGDQG SXPSHGRXWDVQHFHVVDU\WKURXJKRXWWKHYR\DJH

',6&+$5*(

$SSURSULDWHVDIHW\SUHFDXWLRQVVKDOOEHWDNHQZKHQHQWHULQJWKHFDUJRVSDFHVSDUWLFXODUO\LQWKH DUHD RI WKH ERWWRP OD\HUV RI VXOSKXU LQ VKLSV KROG WDNLQJ LQWR DFFRXQW WKH UHFRPPHQGDWLRQV GHYHORSHGE\WKH2UJDQL]DWLRQ

$SSURSULDWHSUHFDXWLRQVVKDOOEHWDNHQWRPLQLPL]HLPSDFWDEUDVLRQDQGFUXVKLQJZKHQKDQGOLQJ WRSUHYHQWGXVWIURPIRUPLQJ

&/($183

3HUVRQV LQYROYHG LQ FOHDQXS VKDOO ZHDU KDUG KDWV SURWHFWLYH JRJJOHV ORQJVOHHYH VKLUWV ORQJ SDQWVDQGLPSHUYLRXVJORYHV8VHRIDSSURYHGUHVSLUDWRUVVKDOOEHFRQVLGHUHG+ROGVVKDOOEH WKRURXJKO\ZDVKHGXVLQJRQO\IUHVKZDWHUIROORZLQJGLVFKDUJH

$SSURSULDWHVDIHW\SUHFDXWLRQVVKDOOEHWDNHQZKHQHQWHULQJWKHFDUJRVSDFHVWDNLQJLQWRDFFRXQW WKHUHFRPPHQGDWLRQVGHYHORSHGE\WKH2UJDQL]DWLRQ

5HIHU WR 5HFRPPHQGDWLRQV IRU HQWHULQJ HQFORVHG VSDFHV DERDUG VKLSV DGRSWHG E\ WKH 2UJDQL]DWLRQ E\ UHVROXWLRQ$

305

Bilaga 1

06&$GG $11(; 3DJH

68/3+8581 FUXVKHGOXPSDQGFRDUVHJUDLQHG

1RWH )LQHJUDLQHGVXOSKXUIORZHUVRIVXOSKXUVKDOOQRWEHWUDQVSRUWHGLQEXON

'(6&5,37,21

$ PLQHUDO VXEVWDQFH IRXQG IUHH LQ YROFDQLF FRXQWULHV <HOORZ LQ FRORXU EULWWOH LQVROXEOH LQ ZDWHUEXWUHDGLO\IXVLEOHE\KHDW6XOSKXULVORDGHGLQDGDPSRUZHWFRQGLWLRQ

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

3DUWLFOHVRUOXPSVRI % DQ\VL]H

+$=$5'

)ODPPDELOLW\DQGGXVWH[SORVLRQHVSHFLDOO\GXULQJORDGLQJDQGXQORDGLQJDQGDIWHUGLVFKDUJHDQG FOHDQLQJ 7KLVFDUJRPD\LJQLWHUHDGLO\ 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR 0XVWEHWKRURXJKO\FOHDQDQGZDVKHGZLWKIUHVKZDWHU

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

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

)LQHJUDLQHGVXOSKXUIORZHUVRIVXOSKXUVKDOOQRWEHWUDQVSRUWHGLQEXON

306

Bilaga 1

06&$GG $11(; 3DJH

9(17,/$7,21

6XUIDFHYHQWLODWLRQRQO\HLWKHUQDWXUDORUPHFKDQLFDOVKDOOEHFRQGXFWHGDVQHFHVVDU\GXULQJ WKHYR\DJHIRUWKLVFDUJR

&$55,$*(

%LOJHVLQWKHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOEHSXPSHGUHJXODUO\WRSUHYHQWDFFXPXODWLRQ RIZDWHUDFLGVROXWLRQ

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

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

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIDYDLODEOH([FOXVLRQRIDLUPD\EH VXIILFLHQWWRFRQWUROWKHILUH'RQRWXVHZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

307

Bilaga 1

06&$GG $11(; 3DJH

683(53+263+$7(

'(6&5,37,21

*UH\LVKZKLWH0RLVWXUHWR+\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

qWRq WR WR

6,=( &/$66 *5283

*UDQXODUILQHVDQGSRZGHUWR 1RWDSSOLFDEOH & PPGLDPHWHU

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

7KHKROGWULPPLQJSODWHVDQGWDQNWRSVRIWKHFDUJRVSDFHVIRUWKLVFDUJRVKDOOEHOLPHZDVKHGRU FRDWHGZLWKSDLQWWRSUHYHQWFRUURVLRQ

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

0RLVWXUH IURP FRQGHQVDWLRQ FDUJR KHDWLQJ RU OHDNLQJ KDWFKFRYHUV PD\ FDXVH IRUPDWLRQ RI SKRVSKRULFRUSKRVSKRURXVDFLGZKLFKPD\FDXVHFRUURVLRQWRVWHHOZRUN$IWHUWKHFRPSOHWLRQ RIORDGLQJRIWKLVFDUJRWKHKDWFKHVRIWKHFDUJRVSDFHVVKDOOEHVHDOHGDVQHFHVVDU\7KLVFDUJR ZLOOGHFRPSRVHEXUODSRUFDQYDVFORWKFRYHULQJELOJHZHOOV

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

$IWHUGLVFKDUJHRIWKLVFDUJRSDUWLFXODUDWWHQWLRQVKDOOEHSDLGWRELOJHZHOOVRIWKHFDUJRVSDFHV

308

Bilaga 1

06&$GG $11(; 3DJH

683(53+263+$7(WULSOHJUDQXODU

'(6&5,37,21

*UDQXODULQIRUPGDUNJUH\FRORXUDQGGHSHQGLQJRQLWVVRXUFHFDQEHGXVW\+\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

PPWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

+ROGWULPPLQJSODWHVDQGWDQNWRSVVKRXOGEHOLPHZDVKHGWRSUHYHQWFRUURVLRQ

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

$IWHU GLVFKDUJH RI WKLV FDUJR SDUWLFXODU DWWHQWLRQ VKRXOG EH SDLG WR ELOJH ZHOOV RI WKH FDUJR VSDFHV

309

Bilaga 1

06&$GG $11(; 3DJH

7$&21,7(3(//(76

'(6&5,37,21

2UH*UH\URXQGVWHHOSHOOHWV0RLVWXUH

&+$5$&7(5,67,&6

310

Bilaga 1

06&$GG $11(; 3DJH

7$/&

'(6&5,37,21

7DOFLVDQH[WUHPHO\VRIWZKLWLVKJUHHQRUJUH\LVKQDWXUDOK\GUDWHGPDJQHVLXPVLOLFDWH,WKDV DFKDUDFWHULVWLFVRDS\RUJUHDV\IHHO

&+$5$&7(5,67,&6

311

Bilaga 1

06&$GG $11(; 3DJH

7$1.$*(

'(6&5,37,21

7KHGULHGVZHHSLQJRIDQLPDOPDWWHUIURPVODXJKWHUKRXVHIORRUV9HU\GXVW\

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH 0+% %

+$=$5'

6XEMHFWWRVSRQWDQHRXVKHDWLQJDQGSRVVLEOHLJQLWLRQ3RVVLEO\LQIHFWLRXV

672:$( 6(5(*$7,21

6HJUHJDWLRQDVUHTXLUHGIRUFODVVPDWHULDOV ³6HSDUDWHGE\DFRPSOHWHFDUJRVSDFHRUKROGIURP´IRRGVWXIIV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

313

Bilaga 1

06&$GG $11(; 3DJH

7$3,2&$

'(6&5,37,21

'U\GXVW\PL[WXUHRISRZGHUDQGJUDQXOHV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

35(&$87,216

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

314

Bilaga 1

06&$GG $11(; 3DJH

85($

'(6&5,37,21

:KLWHJUDQXODUDQGRGRXUOHVVFRPPRGLW\0RLVWXUHFRQWHQWLVOHVVWKDQ+\JURVFRSLF

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

qWRq WR WR

6,=( &/$66 *5283

PPWRPP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN 7KLVFDUJRLVK\JURVFRSLFDQGZLOOFDNHLIZHW 8UHDHLWKHUSXUHRULPSXUHPD\LQWKHSUHVHQFHRIPRLVWXUHGDPDJHSDLQWZRUNRUFRUURGHVWHHO

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,21

1RVSHFLDOUHTXLUHPHQWV

9(17,/$7,21

7KHFDUJRVSDFHVFDUU\LQJWKLVFDUJRVKDOOQRWEHYHQWLODWHGGXULQJYR\DJH

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

,IWKLVFDUJRKDVKDUGHQHGLWVKDOOEHWULPPHGWRDYRLGWKHIRUPDWLRQRIRYHUKDQJVDVQHFHVVDU\

&/($183

$IWHUGLVFKDUJHRIWKLVFDUJRWKHFDUJRVSDFHVVKDOOEHVZHSWZDVKHGRXWDQGGULHG

315

Bilaga 1

06&$GG $11(; 3DJH

9$1$',8025(

'(6&5,37,21

&+$5$&7(5,67,&6

316

Bilaga 1

06&$GG $11(; 3DJH

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG ([FOXVLRQRIDLUPD\EHVXIILFLHQWWRFRQWUROILUH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

317

Bilaga 1

06&$GG $11(; 3DJH

9(50,&8/,7(

'(6&5,37,21

$PLQHUDORIWKHPLFDJURXS*UH\$YHUDJHPRLVWXUHWR0D\JLYHRIIGXVW

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

PP 1RWDSSOLFDEOH &

+$=$5'

1RVSHFLDOKD]DUGV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

1RVSHFLDOUHTXLUHPHQWV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

9(17,/$7,21

1RVSHFLDOUHTXLUHPHQWV

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

318

Bilaga 1

06&$GG $11(; 3DJH

:+,7(48$57=

'(6&5,37,21

VLOLFDFRQWHQW

&+$5$&7(5,67,&6

319

Bilaga 1

06&$GG $11(; 3DJH

:22'&+,36

'(6&5,37,21

1DWXUDOWLPEHUPHFKDQLFDOO\FKLSSHGLQWRWKHDSSUR[LPDWHVL]HRIDEXVLQHVVFDUG

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

$VDERYH 0+% %

+$=$5'

7KLVPDWHULDOSRVVHVVHVDFKHPLFDOKD]DUG6RPHVKLSPHQWVPD\EHVXEMHFWWRR[LGDWLRQOHDGLQJ WRGHSOHWLRQRIR[\JHQDQGLQFUHDVHRIFDUERQGLR[LGHLQFDUJRDQGDGMDFHQWVSDFHV :LWKPRLVWXUHFRQWHQWRIRUPRUHWKLVFDUJRKDVDORZILUHULVN$VWKHPRLVWXUHFRQWHQW GHFUHDVHVWKHILUHULVNLQFUHDVHV:KHQGU\ZRRGFKLSVFDQEHHDVLO\LJQLWHGE\H[WHUQDOVRXUFHV DUH UHDGLO\ FRPEXVWLEOH DQG FDQ LJQLWH E\ IULFWLRQ $ FRQGLWLRQ ZLWK FRPSOHWH GHSOHWLRQ RI R[\JHQPD\EHSUHVHQWLQOHVVWKDQKRXUV

672:$( 6(5(*$7,21

6HJUHJDWLRQDVIRUFODVVPDWHULDOV

+2/'&/($1/,1(66

1RVSHFLDOUHTXLUHPHQWV

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

35(&$87,216

(QWU\ RI SHUVRQQHO LQWR FDUJR DQG DGMDFHQW FRQILQHG VSDFHV VKRXOG QRW EH SHUPLWWHG XQWLO WHVWV KDYHEHHQFDUULHGRXWDQGLWKDVEHHQHVWDEOLVKHGWKDWWKHR[\JHQOHYHOLV,IWKLVFRQGLWLRQ LVQRWPHWDGGLWLRQDOYHQWLODWLRQVKRXOGEHDSSOLHGWRWKHFDUJRKROGRUDGMDFHQWHQFORVHGVSDFHV DQGUHPHDVXULQJVKDOOEHFRQGXFWHGDIWHUDVXLWDEOHLQWHUYDO

$Q R[\JHQ PHWHU VKDOO EH ZRUQ DQG DFWLYDWHG E\ DOO FUHZ ZKHQ HQWHULQJ FDUJR DQG DGMDFHQW HQFORVHGVSDFHV

,QGU\ZHDWKHUGXVWZKLFKVHWWOHVRQGHFNZLOOGU\RXWTXLFNO\DQGLVHDVLO\LJQLWHG$SSURSULDWH SUHFDXWLRQVVKDOOEHWDNHQWRSUHYHQWILUH

320

Bilaga 1

06&$GG $11(; 3DJH

9(17,/$7,21

9HQWLODWLRQ RI HQFORVHG VSDFHV DGMDFHQW WR D FDUJR KROG EHIRUH HQWU\ PD\ EH QHFHVVDU\ HYHQ LI WKHVHVSDFHVDUHDSSDUHQWO\VHDOHGIURPWKHFDUJRKROG

&$55,$*(

1RVSHFLDOUHTXLUHPHQWV

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXVDQGR[\JHQPHWHUVVKRXOGEHDYDLODEOH

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIILWWHG ([FOXVLRQRIDLUPD\EHVXIILFLHQWWRFRQWUROILUH

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

321

Bilaga 1

06&$GG $11(; 3DJH

:22'3(//(76

'(6&5,37,21

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

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

$SSUR[LPDWHO\GHJUHHV WR WR

6,=( &/$66 *5283

&\OLQGULFDOZLWKWRPP 0+% % 'LDPHWHUWRPP

+$=$5'

6KLSPHQWV PD\ EH VXEMHFW WR R[LGDWLRQ OHDGLQJ WR GHSOHWLRQ RI R[\JHQ DQG LQFUHDVH RI FDUERQPRQR[LGHDQGFDUERQGLR[LGHLQFDUJRDQGFRPPXQLFDWLQJVSDFHV 6ZHOOLQJ LI H[SRVHG WR PRLVWXUH :RRG 3HOOHWV PD\ IHUPHQW RYHU WLPH LI PRLVWXUH FRQWHQW LV RYHU OHDGLQJ WR JHQHUDWLRQ RI DVSK\[LDWLQJ DQG IODPPDEOH JDVHV ZKLFK PD\ FDXVH VSRQWDQHRXVFRPEXVWLRQ +DQGOLQJRI:RRG3HOOHWVPD\FDXVHGXVWWRGHYHORS5LVNRIH[SORVLRQDWKLJKGXVWFRQFHQWUDWLRQ

672:$( 6(5(*$7,21

6HJUHJDWHDVIRUFODVVPDWHULDOV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

7KLV FDUJR VKDOO EH NHSW DV GU\ DV SUDFWLFDEOH 7KLV FDUJR VKDOO QRW EH KDQGOHG GXULQJ SUHFLSLWDWLRQ 'XULQJ KDQGOLQJ RI WKLV FDUJR DOO QRQZRUNLQJ KDWFKHV RI WKH FDUJR VSDFHV LQWR ZKLFK WKLV FDUJR LV ORDGHG RU WR EH ORDGHG VKDOO EH FORVHG 7KHUH LV D KLJK ULVN RI UHQHZHG R[\JHQGHSOHWLRQDQGFDUERQPRQR[LGHIRUPDWLRQLQSUHYLRXVO\YHQWLODWHGDGMDFHQWVSDFHVDIWHU VXFKFORVXUH

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH

322

Bilaga 1

06&$GG $11(; 3DJH

35(&$87,216

(QWU\RISHUVRQQHOLQWRFDUJRDQGDGMDFHQWFRQILQHGVSDFHVVKDOOQRWEHSHUPLWWHGXQWLOWHVWVKDYH EHHQFDUULHGRXWDQGLWKDVEHHQHVWDEOLVKHGWKDWWKHR[\JHQFRQWHQWDQGFDUERQPRQR[LGHOHYHOV KDYH EHHQ UHVWRUHG WR WKH IROORZLQJ OHYHOV R[\JHQ DQG FDUERQ PRQR[LGH SSP ,IWKHVH FRQGLWLRQV DUH QRW PHW DGGLWLRQDO YHQWLODWLRQ VKDOO EH DSSOLHG WR WKH FDUJR KROG RU DGMDFHQWFRQILQHGVSDFHVDQGUHPHDVXULQJVKDOOEHFRQGXFWHGDIWHUDVXLWDEOHLQWHUYDO $QR[\JHQDQGFDUERQPRQR[LGHPHWHUVKDOOEHZRUQDQGDFWLYDWHGE\DOOFUHZZKHQHQWHULQJ FDUJRDQGDGMDFHQWHQFORVHGVSDFHV

9(17,/$7,21

9HQWLODWLRQ RI HQFORVHG VSDFHV DGMDFHQW WR D FDUJR KROG EHIRUH HQWU\ PD\ EH QHFHVVDU\ HYHQ LI WKHVHVSDFHVDUHDSSDUHQWO\VHDOHGIURPWKHFDUJRKROG

&$55,$*(

+DWFKHV RI WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH ZHDWKHUWLJKW WR SUHYHQW WKH LQJUHVV RI ZDWHU

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

1RVSHFLDOUHTXLUHPHQWV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXVDQGFRPELQHGRULQGLYLGXDOR[\JHQ DQGFDUERQPRQR[LGHPHWHUVVKRXOGEHDYDLODEOH

(0(5*(1&<352&('85(6

1LO

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQ ([FOXVLRQRIDLUPD\EHVXIILFLHQWWRFRQWUROILUH ([WLQJXLVKILUHZLWKFDUERQGLR[LGHIRDPRUZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

323

Bilaga 1

06&$GG $11(; 3DJH

:22'38/33(//(76

'(6&5,37,21

7KHSHOOHWVDUHEURZQLQFRORXUYHU\KDUGDQGFDQQRWEHHDVLO\VTXDVKHG7KH\DUHOLJKWDQGDUH DERXWKDOIWKHVL]HRIDERWWOHFRUN7KHSHOOHWVDUHPDGHRIFRPSDFWHGZRRGFKLSV

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

$SSUR[PP[PP 0+% %

+$=$5'

7KLVFDUJRSRVVHVVHVDFKHPLFDOKD]DUG6RPHVKLSPHQWVPD\EHVXEMHFWWRR[LGDWLRQOHDGLQJWR GHSOHWLRQRIR[\JHQDQGLQFUHDVHRIFDUERQGLR[LGHLQFDUJRDQGDGMDFHQWVSDFHV :LWKPRLVWXUHFRQWHQWRIRUPRUHWKLVFDUJRKDVDORZILUHULVN$VWKHPRLVWXUHFRQWHQW GHFUHDVHVWKHILUHULVNLQFUHDVHV

672:$( 6(5(*$7,21

6HJUHJDWHDVIRUFODVVPDWHULDOV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

1RVSHFLDOUHTXLUHPHQWV

/2$',1*

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

325

Bilaga 1

06&$GG $11(; 3DJH

=,1&$6+(681

6KLSPHQWVUHTXLUHWKHDSSURYDORIWKHFRPSHWHQWDXWKRULW\RIWKHFRXQWULHVRIVKLSPHQWDQGWKH IODJ6WDWHRIWKHVKLS

'(6&5,37,21

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH

6,=( &/$66 *5283

1RWDSSOLFDEOH %

+$=$5'

,QFRQWDFWZLWKPRLVWXUHRUZDWHUOLDEOHWRJLYHRIIK\GURJHQDIODPPDEOHJDVDQGWR[LFJDVHV 7KLVFDUJRLVQRQFRPEXVWLEOHRUKDVDORZILUHULVN

672:$( 6(5(*$7,21

³6HSDUDWHGIURP´IRRGVWXIIVDQGDOOFODVVOLTXLGV

+2/'&/($1/,1(66

&OHDQDQGGU\DVUHOHYDQWWRWKHKD]DUGVRIWKHFDUJR

:($7+(535(&$87,216

/2$',1*

7ULPLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVUHTXLUHGXQGHUVHFWLRQVDQGRIWKH&RGH 7KLV FDUJR VKDOO QRW EH DFFHSWHG IRU ORDGLQJ ZKHQ WKH FDUJR LV GDPS RU NQRZQ WR KDYH EHHQ ZHWWHG

35(&$87,216

5HMHFWDQ\GDPSPDWHULDORUDQ\PDWHULDOZKLFKLVNQRZQWRKDYHEHHQZHWWHG3RVVLEOHLJQLWLRQ VRXUFHV LQFOXGLQJ KRWZRUN EXUQLQJ VPRNLQJ HOHFWULFDO VSDUNLQJ VKDOO EH HOLPLQDWHG LQ WKH YLFLQLW\RIWKHFDUJRVSDFHVFRQWDLQLQJWKLVFDUJRGXULQJKDQGOLQJDQGFDUULDJHRIWKLVFDUJR

9(17,/$7,21

326

Bilaga 1

06&$GG $11(; 3DJH

&$55,$*(

)RUTXDQWLWDWLYHPHDVXUHPHQWVRIK\GURJHQDVXLWDEOHGHWHFWRUVKDOOEHRQERDUGZKLOHWKLVFDUJR LV FDUULHG 7KH GHWHFWRU VKDOO EH RI FHUWLILHG VDIH W\SH IRU XVH LQ H[SORVLYH DWPRVSKHUH 7KH FRQFHQWUDWLRQ RI K\GURJHQ LQ WKH FDUJR VSDFHV FDUU\LQJ WKLV FDUJR VKDOO EH PHDVXUHG UHJXODUO\ GXULQJYR\DJHDQGWKHUHVXOWVRIWKHPHDVXUHPHQWVVKDOOEHUHFRUGHGDQGNHSWRQERDUG

',6&+$5*(

1RVSHFLDOUHTXLUHPHQWV

&/($183

$IWHUGLVFKDUJHRIWKLVFDUJRWKHFDUJRVSDFHVVKDOOEHVZHSWFOHDQWZLFH :DWHUVKDOOQRWEHXVHGIRUFOHDQLQJRIWKHFDUJRVSDFHZKLFKKDVFRQWDLQHGWKLVFDUJREHFDXVH RIGDQJHURIJDV

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

3URWHFWLYHFORWKLQJJORYHVERRWVFRYHUDOOVKHDGJHDU 6HOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<352&('85(6

:HDUSURWHFWLYHFORWKLQJDQGVHOIFRQWDLQHGEUHDWKLQJDSSDUDWXV

(0(5*(1&<$&7,21,17+((9(172)),5(

%DWWHQGRZQXVHVKLS¶VIL[HGILUHILJKWLQJLQVWDOODWLRQLIDYDLODEOH

'RQRWXVHZDWHU

0(',&$/),567$,'

5HIHUWRWKH0HGLFDO)LUVW$LG*XLGH0)$*DVDPHQGHG

327

Bilaga 1

06&$GG $11(; 3DJH

=,5&216$1'

'(6&5,37,21

8VXDOO\ ILQH ZKLWH WR \HOORZ YHU\ DEUDVLYH H[WUDFWHG IURP LOPHQLWH VDQG 0D\ EH GXVW\ 6KLSSHGGU\

&+$5$&7(5,67,&6

$1/(2) 5(326( %8/.'(16,7<NJP 672:$()$&725P W

1RWDSSOLFDEOH WR WR

6,=( &/$66 *5283

&/($183

1RVSHFLDOUHTXLUHPHQWV

329

Bilaga 1

06&$GG $11(; 3DJH

$33(1',;

/$%25$725<7(67352&('85(6$662&,$7('$33$5$786 $1'67$1'$5'6

7HVWSURFHGXUHVIRUPDWHULDOVZKLFKPD\OLTXHI\DQGDVVRFLDWHGDSSDUDWXV

7KUHHPHWKRGVRIWHVWLQJIRUWKHWUDQVSRUWDEOHPRLVWXUHOLPLWDUHFXUUHQWO\LQJHQHUDOXVH IORZWDEOHWHVW SHQHWUDWLRQWHVW 3URFWRU)DJHUEHUJWHVW $V HDFK PHWKRG KDV LWV DGYDQWDJHV WKH VHOHFWLRQ RI WKH WHVW PHWKRG VKRXOG EH GHWHUPLQHG E\ ORFDOSUDFWLFHVRUE\WKHDSSURSULDWHDXWKRULWLHV

)ORZWDEOHWHVWSURFHGXUH

6FRSH

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

330

Bilaga 1

06&$GG $11(; 3DJH

$SSDUDWXVVHHILJXUH

6WDQGDUGIORZWDEOHDQGIUDPH$670'HVLJQDWLRQ&±VHH

)LJXUH±)ORZWDEOHDQGDFFHVVRU\DSSDUDWXV

)ORZWDEOHPRXQWLQJ$670'HVLJQDWLRQ&±VHH

0RXOG$670'HVLJQDWLRQ&±VHH

7DPSHUVHHILJXUHWKHUHTXLUHGWDPSLQJSUHVVXUHPD\EHDFKLHYHGE\ XVLQJFDOLEUDWHGVSULQJORDGHGWDPSHUVH[DPSOHVDUHLQFOXGHGLQILJXUH RU VRPH RWKHU VXLWDEOH GHVLJQ RI WDPSHU WKDW DOORZV D FRQWUROOHG SUHVVXUH WR EH DSSOLHGYLDDPPGLDPHWHUWDPSHUKHDG

6FDOHVDQGZHLJKWV$670'HVLJQDWLRQ&±VHHDQGVXLWDEOHVDPSOH FRQWDLQHUV

*ODVVJUDGXDWHGPHDVXULQJF\OLQGHUDQGEXUHWWHKDYLQJFDSDFLWLHVRIPO DQGPO UHVSHFWLYHO\

$KHPLVSKHULFDOPL[LQJERZODSSUR[LPDWHO\FPGLDPHWHUUXEEHUJORYHVDQG GU\LQJGLVKHVRUSDQV$OWHUQDWLYHO\DQDXWRPDWLFPL[HURIVLPLODUFDSDFLW\FDQ EHXVHGIRUWKHPL[LQJRSHUDWLRQV,QWKLVFDVHFDUHVKRXOGEHH[HUFLVHGWRHQVXUH WKDW WKH XVH RI VXFK D PHFKDQLFDO PL[HU GRHV QRW UHGXFH WKH SDUWLFOH VL]H RU FRQVLVWHQF\RIWKHWHVWPDWHULDO

R $GU\LQJRYHQZLWKFRQWUROOHGWHPSHUDWXUHXSWRDSSUR[LPDWHO\ &7KLVRYHQ VKRXOGEHZLWKRXWDLUFLUFXODWLRQ

331

Bilaga 1

06&$GG $11(; 3DJH

)LJXUH±([DPSOHVRIVSULQJORDGHGWDPSHUV

7HPSHUDWXUHDQGKXPLGLW\

,W LV SUHIHUDEOH WR ZRUN LQ D URRP ZKHUH WKH VDPSOHV ZLOO EH SURWHFWHG IURP H[FHVVLYH WHPSHUDWXUHV DLU FXUUHQWV DQG KXPLGLW\ YDULDWLRQV $OO SKDVHV RI WKH PDWHULDO SUHSDUDWLRQ DQG WHVWLQJ SURFHGXUH VKRXOG EH DFFRPSOLVKHG LQ D UHDVRQDEOH VSDFH RI WLPH WR PLQLPL]H PRLVWXUH ORVVHVDQGLQDQ\HYHQWZLWKLQWKHGD\RIFRPPHQFHPHQW:KHUHSRVVLEOHVDPSOHFRQWDLQHUV VKRXOGEHFRYHUHGZLWKSODVWLFILOPRURWKHUVXLWDEOHFRYHU

3URFHGXUH

7KH TXDQWLW\ RI PDWHULDO UHTXLUHG IRU D IORZ PRLVWXUH WHVW ZLOO YDU\ DFFRUGLQJ WR WKH VSHFLILF JUDYLW\RIWKHPDWHULDOWREHWHVWHG,WZLOOUDQJHIURPDSSUR[LPDWHO\NJIRUFRDOWRNJIRU PLQHUDO FRQFHQWUDWHV ,W VKRXOG EH FROOHFWHG DV D UHSUHVHQWDWLYH VDPSOH RI WKH FDUJR EHLQJ VKLSSHG([SHULHQFHKDVVKRZQWKDWPRUHDFFXUDWHWHVWUHVXOWVZLOOEHREWDLQHGE\HQVXULQJWKDW WKHPRLVWXUHFRQWHQWRIWKHWHVWVDPSOHLVLQFUHDVHGUDWKHUWKDQGHFUHDVHGWRZDUGVWKH)03

332

Bilaga 1

06&$GG $11(; 3DJH

&RQVHTXHQWO\ LW LV UHFRPPHQGHG WKDW D SUHOLPLQDU\ IORZ PRLVWXUH WHVW VKRXOG EH FRQGXFWHG JHQHUDOO\LQDFFRUGDQFHZLWKWKHIROORZLQJWRLQGLFDWHWKHFRQGLWLRQRIWKHWHVWVDPSOHLHWKH TXDQWLW\RIZDWHUDQGWKHUDWHDWZKLFKLWLVWREHDGGHGRUZKHWKHUWKHVDPSOHVKRXOGEHDLUGULHG WRUHGXFHLWVPRLVWXUHFRQWHQWEHIRUHFRPPHQFLQJWKHPDLQIORZPRLVWXUHWHVW

3UHSDUDWLRQRIWKHWHVWVDPSOH

7KHUHSUHVHQWDWLYHVDPSOHRIWHVWPDWHULDOLVSODFHGLQWKHPL[LQJERZODQGWKRURXJKO\PL[HG 7KUHHVXEVDPSOHV$%DQG&DUHUHPRYHGIURPWKHPL[LQJERZODVIROORZVDERXWRQHILIWK RIWKHVDPSOH$VKRXOGEHLPPHGLDWHO\ZHLJKHGDQGSODFHGLQWKHGU\LQJRYHQWRGHWHUPLQHWKH PRLVWXUHFRQWHQWRIWKHVDPSOH³DVUHFHLYHG´7ZRIXUWKHUVXEVDPSOHVHDFKRIDERXWWZRILIWKV RIWKHJURVVZHLJKWVKRXOGWKHQEHWDNHQRQH%IRUWKHSUHOLPLQDU\)03WHVWDQGWKHRWKHU& IRUWKHPDLQ)03GHWHUPLQDWLRQ

)LOOLQJWKHPRXOG 7KHPRXOGLVSODFHGRQWKHFHQWUHRIWKHIORZWDEOHDQGILOOHG LQ WKUHH VWDJHV ZLWK WKH PDWHULDO IURP WKH PL[LQJ ERZO 7KH ILUVW FKDUJH DIWHU WDPSLQJ VKRXOG DLP WR ILOO WKH PRXOG WR DSSUR[LPDWHO\ RQH WKLUG RI LWV GHSWK 7KH TXDQWLW\ RI VDPSOH UHTXLUHG WR DFKLHYH WKLV ZLOO YDU\ IURP RQH PDWHULDO WR DQRWKHUEXWFDQUHDGLO\EHHVWDEOLVKHGDIWHUVRPHH[SHULHQFHKDVEHHQJDLQHGRI WKHSDFNLQJFKDUDFWHULVWLFVRIWKHPDWHULDOEHLQJWHVWHG

7KHVHFRQGFKDUJHDIWHUWDPSLQJVKRXOGILOOWKHPRXOGWRDERXWWZRWKLUGVRILWV GHSWKDQGWKHWKLUGDQGILQDOFKDUJHDIWHUWDPSLQJVKRXOGUHDFKWRMXVWEHORZWKH WRSRIWKHPRXOGVHHILJXUH

7DPSLQJ SURFHGXUH 7KH DLP RI WDPSLQJ LV WR DWWDLQ D GHJUHH RI FRPSDFWLRQ VLPLODUWRWKDWSUHYDLOLQJDWWKHERWWRPRIDVKLSERDUGFDUJRRIWKHPDWHULDOEHLQJ WHVWHG7KHFRUUHFWSUHVVXUHWREHDSSOLHGLVFDOFXODWHGIURP

7DPSLQJSUHVVXUH3D %XONGHQVLW\RIFDUJRNJP [0D[LPXPGHSWKRIFDUJRP [*UDYLW\DFFHOHUDWLRQPV

%XON GHQVLW\ FDQ EH PHDVXUHG E\ D VLQJOH WHVW XVLQJ WKH 3URFWRU & DSSDUDWXV GHVFULEHGLQ$6706WDQGDUG'RU-,6$RQDVDPSOHRIWKHFDUJRDW WKHSURSRVHGPRLVWXUHFRQWHQWRIORDGLQJ

:KHQFDOFXODWLQJWKHWDPSLQJSUHVVXUHLIQRLQIRUPDWLRQFRQFHUQLQJFDUJRGHSWK LVDYDLODEOHWKHPD[LPXPOLNHO\GHSWKVKRXOGEHXVHG

$OWHUQDWLYHO\WKHSUHVVXUHPD\EHHVWLPDWHGIURPWDEOH

7KHQXPEHURIWDPSLQJDFWLRQVDSSO\LQJWKHFRUUHFWVWHDG\SUHVVXUHHDFKWLPH VKRXOGEHDERXWIRUWKHERWWRPOD\HUIRUWKHPLGGOHDQGIRUWKHWRSOD\HU WDPSLQJ VXFFHVVLYHO\ RYHU WKH DUHD FRPSOHWHO\ WR WKH HGJHV RI WKH VDPSOH WR DFKLHYHDXQLIRUPO\IODWVXUIDFHIRUHDFKOD\HU

5HPRYDO RI WKH PRXOG 7KH PRXOG LV WDSSHG RQ LWV VLGH XQWLO LW EHFRPHV ORRVH OHDYLQJWKHVDPSOHLQWKHVKDSHRIDWUXQFDWHGFRQHRQWKHWDEOH

333

Bilaga 1

06&$GG $11(; 3DJH

7DEOH

0D[LPXPFDUJRGHSWK %XON 7\SLFDOFDUJR GHQVLW\ P P P P NJP

7DPSHUSUHVVXUHN3D

&RDO

0HWDORUH ,URQRUHFRQF /HDGRUHFRQF

YDOXHVLQSDUHQWKHVLVDUHHTXLYDOHQWNJIZKHQDSSOLHGYLD DPPGLDPHWHUWDPSHUKHDG

7KHSUHOLPLQDU\IORZPRLVWXUHWHVW

,PPHGLDWHO\ DIWHU UHPRYLQJ WKH PRXOG WKH IORZ WDEOH LV UDLVHG DQG GURSSHG XS WRWLPHVWKURXJKDKHLJKWRIPPDWDUDWHRIWLPHVSHUPLQXWH,IWKH PDWHULDOLVEHORZWKH)03LWXVXDOO\FUXPEOHVDQGEXPSVRIILQIUDJPHQWVZLWK VXFFHVVLYHGURSVRIWKHWDEOHVHHILJXUH

$W WKLV VWDJH WKH IORZ WDEOH LV VWRSSHG DQG WKH PDWHULDO UHWXUQHG WR WKH PL[LQJ ERZOZKHUHPORIZDWHURUSRVVLEO\PRUHLVVSULQNOHGRYHUWKHVXUIDFHDQG WKRURXJKO\ PL[HG LQWR WKH PDWHULDO HLWKHU ZLWK UXEEHUJORYHG ILQJHUV RU DQ DXWRPDWLFPL[HU

7KHPRXOGLVDJDLQILOOHGDQGWKHIORZWDEOHLVRSHUDWHGDVGHVFULEHGLQ IRUXSWRGURSV,IDIORZVWDWHLVQRWGHYHORSHGWKHSURFHVVLVUHSHDWHGZLWK IXUWKHUDGGLWLRQVRIZDWHUXQWLODIORZVWDWHKDVEHHQUHDFKHG

,GHQWLILFDWLRQRIDIORZVWDWH7KHLPSDFWLQJDFWLRQRIWKHIORZWDEOHFDXVHVWKH JUDLQVWRUHDUUDQJHWKHPVHOYHVWRSURGXFHFRPSDFWLRQRIWKHPDVV$VDUHVXOW WKHIL[HGYROXPHRIPRLVWXUHFRQWDLQHGLQWKHPDWHULDODWDQ\JLYHQOHYHOLQFUHDVHV DV D SHUFHQWDJH RI WKH WRWDO YROXPH $ IORZ VWDWH LV FRQVLGHUHG WR KDYH EHHQ UHDFKHGZKHQWKHPRLVWXUHFRQWHQWDQGFRPSDFWLRQRIWKHVDPSOHSURGXFHDOHYHO RI VDWXUDWLRQ VXFK WKDW SODVWLF GHIRUPDWLRQ RFFXUV $W WKLV VWDJH WKH PRXOGHG VLGHV RI WKH VDPSOH PD\ GHIRUP JLYLQJ D FRQYH[ RU FRQFDYH SURILOH VHHILJXUH

,QFHUWDLQFRQGLWLRQVWKHGLDPHWHURIWKHFRQHPD\LQFUHDVHEHIRUHWKHIORZPRLVWXUHSRLQWLVUHDFKHGGXHWR ORZIULFWLRQEHWZHHQWKHJUDLQVUDWKHUWKDQWRSODVWLFIORZ7KLVPXVWQRWEHPLVWDNHQIRUDIORZVWDWH

334

Bilaga 1

06&$GG $11(; 3DJH

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

0HDVXULQJWKHGLDPHWHURIWKHFRQHDWWKHEDVHRUDWKDOIKHLJKWZLOODOZD\VEH XVHIXO%\DGGLWLRQRIZDWHULQLQFUHPHQWVRIWRDQGDSSO\LQJGURSV RIWKHIORZWDEOHWKHILUVWGLDPHWHULQFUHDVHZLOOJHQHUDOO\EHEHWZHHQDQGPP DQG DIWHU D IXUWKHU LQFUHPHQW RI ZDWHU WKH EDVH GLDPHWHU ZLOO KDYH H[SDQGHG E\EHWZHHQDQGPP

$VDQDOWHUQDWLYHWRWKHSURFHGXUHGHVFULEHGDERYHIRUPDQ\FRQFHQWUDWHVDIDVW ZD\RIILQGLQJWKHDSSUR[LPDWH)03LVDVIROORZV

:KHQ WKH PRLVWXUH FRQWHQW LV GHILQLWHO\ EH\RQG WKH )03 PHDVXUH WKH GLDPHWHU DIWHUGURSVUHSHDWWKHWHVWDIWHUDGGLQJDIXUWKHULQFUHPHQWRIZDWHUPHDVXUH WKHGLDPHWHUDQGGUDZDGLDJUDPDVLOOXVWUDWHGLQILJXUHVKRZLQJLQFUHDVH LQ GLDPHWHU SORWWHG DJDLQVW PRLVWXUH FRQWHQW $ VWUDLJKW OLQH GUDZQ WKURXJK WKH WZRSRLQWVZLOOFURVVWKHPRLVWXUHFRQWHQWD[LVFORVHWRWKH)03

+DYLQJ FRPSOHWHG WKH SUHOLPLQDU\ )03 WHVW WKH VDPSOH IRU WKH PDLQ WHVW LV DGMXVWHG WR WKH UHTXLUHGOHYHORIPRLVWXUHFRQWHQWDERXWWREHORZWKHIORZSRLQW

0DLQIORZPRLVWXUHWHVW

:KHQ D IORZ VWDWH KDV EHHQ UHDFKHG LQ WKH SUHOLPLQDU\ WHVW WKH PRLVWXUH FRQWHQW RI VXEVDPSOH&LVDGMXVWHGWRDERXWWROHVVWKDQWKHODVWYDOXHZKLFKGLGQRWFDXVHIORZLQ WKHSUHOLPLQDU\WHVWWKLVLVVXJJHVWHGVLPSO\WRDYRLGVWDUWLQJWKHPDLQWHVWWRRFORVHWRWKH)03 DQGWKHQKDYLQJWRZDVWHWLPHDLUGU\LQJLWDQGVWDUWLQJDJDLQ7KHILQDOWHVWLVWKHQFDUULHGRXW RQWKLVDGMXVWHGVDPSOHLQWKHVDPHPDQQHUDVIRUWKHSUHOLPLQDU\WHVWEXWLQWKLVFDVHZLWKWKH DGGLWLRQRIZDWHULQLQFUHPHQWVRIQRPRUHWKDQRIWKHPDVVRIWKHWHVWPDWHULDOWKHORZHU WKH ³SUHOLPLQDU\´ )03 WKH VPDOOHU WKH LQFUHPHQWV VKRXOG EH $IWHU HDFK VWDJH WKH ZKROH PRXOGHGVDPSOHVKRXOGEHSODFHGLQDFRQWDLQHUZHLJKHGLPPHGLDWHO\DQGUHWDLQHGIRUPRLVWXUH GHWHUPLQDWLRQ LI UHTXLUHG 7KLV ZLOO EH QHFHVVDU\ LI WKH VDPSOH IORZHG RU LI WKH QH[W VOLJKWO\ ZHWWHUVDPSOHIORZV,IQRWUHTXLUHGLWPD\EHUHWXUQHGWRWKHPL[LQJERZO

:KHQDIORZVWDWHKDVEHHQUHDFKHGWKHPRLVWXUHFRQWHQWVKRXOGEHGHWHUPLQHGRQWZRVDPSOHV RQHZLWKPRLVWXUHFRQWHQWMXVWDERYHWKH)03DQGWKHRWKHUZLWKPRLVWXUHFRQWHQWMXVWEHORZWKH )037KHGLIIHUHQFHEHWZHHQWKHWZRYDOXHVVKRXOGWKHQEHRUOHVVDQGWKH)03LVWDNHQ DVWKHPHDQRIWKHVHWZRYDOXHV

335

Bilaga 1

u LQ SHU FHQW

7KH)03RIWKHPDWHULDOLV

P P P P P P

u LQ SHU FHQW 7KHWUDQVSRUWDEOHPRLVWXUHOLPLWRIWKHPDWHULDOLVRIWKH)03 338

Bilaga 1

06&$GG $11(; 3DJH

3HDW0RVV

)RUDOO3HDW0RVVGHWHUPLQHWKHEXONGHQVLW\XVLQJHLWKHUWKH$670RU&(1OLWUHVPHWKRG 3HDW VKRXOG EH DERYH RU EHORZ NJFXELF PHWUH RQ D GU\ ZHLJKW EDVLV LQ RUGHU WR REWDLQ WKH FRUUHFW70/ $VLQGLFDWHGLQWKHIROORZLQJVKRXOGEHGHWHUPLQHG WKHPRLVWXUHFRQWHQWRIDVDPSOHRIFDUJR0& WKHIORZPRLVWXUHSRLQW)03 WKHWUDQVSRUWDEOHPRLVWXUHOLPLW70/7KH70/ZLOOEHGHWHUPLQHGDVIROORZV IRUSHDWZLWKDEXONGHQVLW\RIJUHDWHUWKDQNJFXELFPHWUHRQDGU\ZHLJKW LVRIWKH)03DQG IRUSHDWZLWKDEXONGHQVLW\RINJFXELFPHWUHRUOHVVRQDGU\ZHLJKW WKH70/LVRIWKH)03

3HQHWUDWLRQWHVWSURFHGXUH

7KHSHQHWUDWLRQWHVWFRQVWLWXWHVDSURFHGXUHZKHUHE\DPDWHULDOLQDF\OLQGULFDOYHVVHOLVYLEUDWHG 7KHIORZPRLVWXUHSRLQWLVGHWHUPLQHGRQWKHEDVLVRIWKHSHQHWUDWLRQGHSWKRIDQLQGLFDWRU

6FRSH

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

$SSDUDWXVVHHILJXUH

7KHWHVWDSSDUDWXVFRQVLVWVRI DYLEUDWLQJWDEOH

339

Bilaga 1

06&$GG $11(; 3DJH

F\OLQGULFDOYHVVHOV LQGLFDWRUVSHQHWUDWLRQELWVDQGDKROGHU DWDPSHUVHHDQG DQFLOODU\HTXLSPHQWVHHWR 7KHYLEUDWRUVHHILJXUHZLWKDWDEOHRQZKLFKDF\OLQGULFDOYHVVHOFDQEH FODPSHG VKRXOG EH FDSDEOH RI H[FLWLQJ D PDVV RI NJ DW D IUHTXHQF\ RI HLWKHU+] RU +] ZLWK DQ DFFHOHUDWLRQ RI JUPV RU PRUH DQG LW FDQ EH FRQWUROOHGWRDGMXVWWKHDFFHOHUDWLRQOHYHO 'LPHQVLRQV RI F\OLQGULFDO YHVVHOV VHH ILJXUHV DQG DUH DV IROORZV

&\OLQGHUVL]H ,QQHUGLDPHWHU 'HSWK :DOOWKLFNQHVV VPDOO PP PP PPRUPRUH ODUJH PP PP PPRUPRUH

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

340

Bilaga 1

06&$GG $11(; 3DJH

3URFHGXUH

3UHSDUDWLRQRIWKHWHVWVDPSOHDQGWKHYLEUDWLQJWDEOH

7KH TXDQWLW\ RI WKH VDPSOH UHTXLUHG LV DSSUR[LPDWHO\ VL[ WLPHV RU PRUH WKH FDSDFLW\ RI WKH VHOHFWHG F\OLQGULFDO YHVVHO 7KH DPRXQW RI UHSUHVHQWDWLYH WHVW VDPSOH ZLWK ZKLFK HDFK FRQWDLQHU LV ILOOHG VKRXOG EH DV IROORZV DSSUR[LPDWHO\ FP IRU WKH VPDOO FRQWDLQHU DQG FP IRU WKH ODUJH FRQWDLQHU

0L[ WKH VDPSOH ZHOO DQG GLYLGH LQWR WKUHH DSSUR[LPDWHO\ HTXDO VXEVDPSOHV QDPHO\ $ % DQG & 7KH VXEVDPSOH $ VKRXOG EH LPPHGLDWHO\ ZHLJKHG DQG SODFHG LQ WKH GU\LQJ RYHQ WR GHWHUPLQH WKH PRLVWXUH FRQWHQW RI WKH VDPSOH ³DVUHFHLYHG´

7KHVXEVDPSOHV%DQG&DUHXVHGIRUWKHSUHOLPLQDU\WHVWDQGWKHPDLQWHVW UHVSHFWLYHO\

7KH YLEUDWLRQ OHYHO RI WKH YLEUDWLQJ WDEOH VKRXOG EH FDOLEUDWHG XVLQJ DQ DFFHOHUDWLRQ PHWHU SULRU WR FDUU\LQJ RXW WHVWLQJ 7KH DFFHOHUDWLRQ RI WKH WDEOH VKRXOGEHDGMXVWHGWRJUPVZLWKDFRQWDLQHUILOOHGZLWKDVDPSOHPRXQWHG RQWKHWDEOH

3UHOLPLQDU\IORZPRLVWXUHWHVW

7KLV WHVW LV LQWHQGHG WR PHDVXUH TXLFNO\ WKH DSSUR[LPDWH IORZ PRLVWXUH SRLQW XVLQJ VXEVDPSOH%:DWHULVDGGHGLQLQFUHPHQWVDIWHUHYHU\SHQHWUDWLRQWHVW:KHQDIORZVWDWHKDV EHHQ UHDFKHG WKH PRLVWXUH FRQWHQW RI WKH VDPSOH MXVW DERYH WKH IORZ VWDWH LV PHDVXUHG 7KHPRLVWXUHFRQWHQWRIWKHVDPSOHMXVWEHORZWKHIORZVWDWHFDQEHFDOFXODWHGE\GHGXFWLQJWKH LQFUHPHQWRIZDWHUODVWDGGHGIURPWKHJURVVPDVVRIWKHVDPSOH

)LOOWKHDSSURSULDWHF\OLQGULFDOYHVVHOZLWKVXEVDPSOH%LQIRXUGLVWLQFWVWDJHV DQG WDPS DIWHU WKH DGGLWLRQ RI HDFK OD\HU XVLQJ D VSHFLILHG WDPSHU 7DPS WR DSUHVVXUHGHQRWHGLQIRUPLQHUDOFRQFHQWUDWHVRUWRN3DIRUFRDOVDQG DSSO\ WKH SUHVVXUH HYHQO\ RYHU WKH ZKROH VXUIDFH DUHD RI WKH PDWHULDO XQWLO DXQLIRUPO\IODWVXUIDFHLVREWDLQHG

3ODFHWKHSHQHWUDWLRQELWRQWKHVXUIDFHRIWKHPDWHULDOWKURXJKWKHKROGHU

2SHUDWH WKH YLEUDWRU DW D IUHTXHQF\ RI +] RU +] ZLWK DQ DFFHOHUDWLRQ RI JUPV IRU PLQXWHV ,I QHFHVVDU\ WKH DFFHOHUDWLRQ OHYHO VKRXOG EH FKHFNHG E\ UHIHUULQJ WR WKH RXWSXW RI WKH DFFHOHUDWLRQ PHWHU DWWDFKHG WR WKH YLEUDWLQJWDEOH

$IWHUPLQXWHVRIYLEUDWLRQUHDGWKHGHSWKRISHQHWUDWLRQ

341

Bilaga 1

06&$GG $11(; 3DJH

:KHQWKHGHSWKRISHQHWUDWLRQLVOHVVWKDQPPLWLVMXGJHGWKDWOLTXHIDFWLRQGLG QRWWDNHSODFH7KHQ

5HPRYHWKHPDWHULDOIURPWKHF\OLQGULFDOYHVVHODQGUHSODFHLQWKHPL[LQJ ERZOZLWKWKHUHPDLQGHURIWKHVDPSOH

0L[ZHOODQGZHLJKWKHFRQWHQWVRIWKHPL[LQJERZO

6SULQNOH DQ LQFUHPHQW RI ZDWHU RI QRW PRUH WKDQ RI WKH PDVV RI WKH PDWHULDOLQWKHERZODQGPL[ZHOO

5HSHDWWKHSURFHGXUHGHVFULEHGLQWR

:KHQWKHGHSWKRISHQHWUDWLRQLVJUHDWHUWKDQPPLWLVMXGJHGWKDWOLTXHIDFWLRQ WRRNSODFH7KHQ

5HPRYH WKH PDWHULDO IURP WKH F\OLQGULFDO YHVVHO DQG UHSODFH LQ WKH PL[LQJERZO

0HDVXUHWKHPRLVWXUHFRQWHQWLQDFFRUGDQFHZLWKWKHSURFHGXUHGHVFULEHG LQ

&DOFXODWHWKHPRLVWXUHFRQWHQWRIWKHVDPSOHMXVWEHORZWKHIORZPRLVWXUH SRLQWRQWKHEDVLVRIWKHDPRXQWRIZDWHUDGGHG

,I WKH SHQHWUDWLRQ GHSWK LQ WKH ILUVW DWWHPSW H[FHHGV PP LH WKH VDPSOH DV UHFHLYHGOLTXHILHGPL[VXEVDPSOHV%DQG&DQGGU\DWURRPWHPSHUDWXUHWR UHGXFHWKHPRLVWXUH7KHQGLYLGHWKHPDWHULDOLQWRWZRVXEVDPSOHV%DQG& DQGUHSHDWWKHSUHOLPLQDU\WHVW

7KHPDLQIORZPRLVWXUHWHVW

2Q WKH EDVLV RI WKH SUHOLPLQDU\ WHVW WKH PDLQ WHVW VKRXOG EH FDUULHG RXW WR GHWHUPLQHWKHIORZPRLVWXUHSRLQWPRUHDFFXUDWHO\

$GMXVWWKHPRLVWXUHFRQWHQWRIWKHVXEVDPSOH&WRWKHODVWYDOXHZKLFKGLGQRW FDXVHIORZLQWKHSUHOLPLQDU\IORZPRLVWXUHWHVW

7KHILUVWWHVWRIWKHPDLQIORZPRLVWXUHWHVWLVFDUULHGRXWRQWKLVDGMXVWHGVDPSOH LQWKHVDPHPDQQHUDVGHVFULEHGLQ,QWKLVFDVHKRZHYHUWKHDGGLWLRQRI ZDWHULQLQFUHPHQWVVKRXOGQRWEHPRUHWKDQRIWKHPDVVRIWKHWHVWPDWHULDO

:KHQWKHDSSUR[LPDWHYDOXHRIWKHIORZPRLVWXUHSRLQWLVNQRZQLQDGYDQFHWKH PRLVWXUH FRQWHQW RI WKH VXEVDPSOH & LV DGMXVWHG WR DSSUR[LPDWHO\ RI WKLVYDOXH

:KHQ D IORZ VWDWH KDV EHHQ UHDFKHG WKH IORZ PRLVWXUH SRLQW LV GHWHUPLQHG DV GHVFULEHGLQ

3URFWRU)DJHUEHUJWHVWHTXLSPHQW

7KH3URFWRUDSSDUDWXVVHHILJXUHFRQVLVWVRIDF\OLQGULFDOLURQPRXOGZLWKD UHPRYDEOH H[WHQVLRQ SLHFH WKH FRPSDFWLRQ F\OLQGHU DQG D FRPSDFWLRQ WRRO JXLGHGE\DSLSHRSHQDWLWVORZHUHQGWKHFRPSDFWLRQKDPPHU

6FDOHVDQGZHLJKWVVHHDQGVXLWDEOHVDPSOHFRQWDLQHUV

R $ GU\LQJ RYHQ ZLWK D FRQWUROOHG WHPSHUDWXUH LQWHUYDO IURP & WR R PD[LPXP &7KLVRYHQVKRXOGEHZLWKRXWDLUFLUFXODWLRQ

$VXLWDEOHPL[HU&DUHVKRXOGEHWDNHQWRHQVXUHWKDWWKHXVHRIWKHPL[HUGRHV QRWUHGXFHWKHSDUWLFOHVL]HRUFRQVLVWHQF\RIWKHWHVWPDWHULDO

(TXLSPHQW WR GHWHUPLQH WKH GHQVLW\ RI WKH VROLG PDWHULDO IRU H[DPSOH D S\FQRPHWHU

7HPSHUDWXUHDQGKXPLGLW\VHH

3URFHGXUH

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

349

Bilaga 1

06&$GG $11(; 3DJH

)LJXUH±3URFWRUDSSDUDWXV

)LJXUH

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

7KHWHVWWKHQLVUHSHDWHGIRUWKHRWKHUVDPSOHVZLWKGLIIHUHQWPRLVWXUHFRQWHQWV

350

Bilaga 1

06&$GG $11(; 3DJH

'HILQLWLRQVDQGGDWDIRUFDOFXODWLRQVVHHILJXUH

HPSW\F\OLQGHUPDVVLQJUDPV$ F\OLQGHUZLWKWDPSHGVDPSOHPDVVLQJUDPV% ZHWVDPSOHPDVVLQJUDPV& & %±$ GU\VDPSOHPDVVLQJUDPV' ZDWHUPDVVLQJUDPVHTXLYDOHQWWRYROXPHLQFP ( ( &±' 9ROXPHRIF\OLQGHUFP

&DOFXODWLRQRIPDLQFKDUDFWHULVWLFV

GHQVLW\RIVROLGPDWHULDOJFP WP G GU\EXONGHQVLW\JFP WP Ȗ

Ȗ QHWZDWHUFRQWHQWYROXPHHY

(

HY [[G

YRLGUDWLRHYROXPHRIYRLGVGLYLGHGE\YROXPHRIVROLGV

' G

' O

GHJUHHRIVDWXUDWLRQSHUFHQWDJHE\YROXPH6 HY 6 H

351

Bilaga 1

06&$GG $11(; 3DJH

JURVVZDWHUFRQWHQWSHUFHQWDJHE\PDVV:

7KHQHFHVVDU\HTXLSPHQWWRFDUU\RXWWKLVWHVWLVDVIROORZV DKRUL]RQWDOWDEOHIUHHIURPYLEUDWLRQV DVKHHWRIURXJKWH[WXUHGSDSHURQWRZKLFKWKHPDWHULDOVKRXOGEHSRXUHG DSURWUDFWRUDQG DOLWUHFRQLFDOIODVN

355

Bilaga 1

06&$GG $11(; 3DJH

3URFHGXUH

3XWWKHVKHHWRISDSHURQWKHWDEOH6SOLWORIWKHPDWHULDOWREHWHVWHGLQWRWKUHHVXEVDPSOHV DQGWHVWHDFKLQWKHIROORZLQJZD\

3RXUWZRWKLUGVRIWKHVXEVDPSOHLHORQWRWKHVKHHWSURGXFLQJDVWDUWLQJFRQH7KHUHPDLQGHU RIWKLVVXEVDPSOHLVWKHQSRXUHGYHU\FDUHIXOO\IURPDKHLJKWRIDIHZPLOOLPHWUHVRQWRSRIWKH FRQH&DUHVKRXOGEHWDNHQWKDWWKHFRQHZLOOEHEXLOWXSV\PPHWULFDOO\7KLVPD\EHDFKLHYHG E\UHYROYLQJWKHIODVNVORZO\FORVHDURXQGWKHWRSRIWKHFRQHZKHQSRXULQJ

:KHQPHDVXULQJFDUHVKRXOGEHWDNHQWKDWWKHSURWUDFWRUGRHVQRWWRXFKWKHFRQHRWKHUZLVHWKLV PD\UHVXOWLQVOLGLQJRIWKHPDWHULDODQGVSRLOWKHWHVW

7KHDQJOHKDVWREHPHDVXUHGDWIRXUSODFHVDURXQGWKHFRQHDERXWGHJUHHVDSDUW

7KLVWHVWVKRXOGEHUHSHDWHGRQWKHRWKHUWZRVXEVDPSOHV

&DOFXODWLRQV

7KHDQJOHRIUHSRVHLVWDNHQDVWKHPHDQRIWKHPHDVXUHPHQWVDQGLVUHSRUWHGWRKDOIDGHJUHH 7KLVILJXUHFDQEHFRQYHUWHGWRWKHWLOWLQJER[YDOXHDVIROORZV

R DW DV

:KHUHDW DQJOHRIUHSRVHDFFRUGLQJWRWKHWLOWLQJER[WH[W

DV DQJOHRIUHSRVHDFFRUGLQJWRWKHVXUYH\WHVW

6WDQGDUGVXVHGLQWHVWSURFHGXUHV

6WDQGDUGIORZWDEOHDQGIUDPH

)ORZWDEOHDQGIUDPH

7KHIORZWDEOHDSSDUDWXVVKDOOEHFRQVWUXFWHGLQDFFRUGDQFHZLWKILJXUH7KHDSSDUDWXV VKDOOFRQVLVWRIDQLQWHJUDOO\FDVWULJLGLURQIUDPHDQGDFLUFXODUULJLGWDEOHWRSLQFKHVLQFK PPPPLQGLDPHWHUZLWKDVKDIWDWWDFKHGSHUSHQGLFXODUWRWKHWDEOHWRSE\PHDQVRI DVFUHZWKUHDG7KHWDEOHWRSWRZKLFKWKHVKDIWZLWKLWVLQWHJUDOFRQWDFWVKRXOGHULVDWWDFKHG VKDOOEHPRXQWHGRQDIUDPHLQVXFKDPDQQHUWKDWLWFDQEHUDLVHGDQGGURSSHGYHUWLFDOO\WKURXJK WKH VSHFLILHG KHLJKW ZLWK D WROHUDQFH LQ KHLJKW RI LQFKHVPP IRU QHZ WDEOHV DQGLQFKHVPPIRUWDEOHVLQXVHE\PHDQVRIDURWDWHGFDP7KHWDEOHWRSVKDOOKDYH DILQHPDFKLQHGSODQHVXUIDFHIUHHRIEORZKROHVDQGVXUIDFHGHIHFWVDQGVKDOOEHVFULEHGDVVKRZQ LQILJXUH7KHWDEOHWRSVKDOOEHRIFDVWEUDVVRUEURQ]HKDYLQJD5RFNZHOOKDUGQHVVQXPEHUQRW OHVVWKDQ+5%ZLWKDQHGJHWKLFNQHVVRILQFKHVPPDQGVKDOOKDYHVL[LQWHJUDOUDGLDO VWLIIHQLQJULEV7KHWDEOHWRSDQGDWWDFKHGVKDIWVKDOOZHLJKOEOENJNJDQGWKH ZHLJKWVKDOOEHV\PPHWULFDODURXQGWKHFHQWUHRIWKHVKDIW

6RXUFH³6WDQGDUG6SHFLILFDWLRQIRU)ORZ7DEOHIRU8VHLQ7HVWVRI+\GUDXOLF&HPHQW´'HVLJQDWLRQ& 5HSULQWHG E\ SHUPLVVLRQ RI $PHULFDQ 6RFLHW\ IRU 7HVWLQJ DQG 0DWHULDOV $670 5DFH6WUHHW 3KLODGHOSKLD3HQQ86$FRS\ULJKW$670

356

Bilaga 1

06&$GG $11(; 3DJH

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òLQFKWRóLQFKHVPPWRPPLQ DQGWKHUHVKDOOEHQRDSSUHFLDEOHMDUDVWKH VKDIWFRPHVLQWRFRQWDFWZLWKWKHFDP7KHFDPVKDOOEHVRORFDWHGDQGWKHFRQWDFWIDFHVRIWKH FDPDQGVKDIWVKDOOEHVXFKWKDWWKHWDEOHGRHVQRWURWDWHPRUHWKDQRQHUHYROXWLRQLQGURSV 7KHVXUIDFHVRIWKHIUDPHDQGRIWKHWDEOHZKLFKFRPHLQWRFRQWDFWDWWKHHQGRIWKHGURSVKDOOEH PDLQWDLQHG VPRRWK SODQH DQG KRUL]RQWDO DQG SDUDOOHO ZLWK WKH XSSHU VXUIDFH RI WKH WDEOH DQG R VKDOOPDNHFRQWLQXRXVFRQWDFWRYHUDIXOO

7KH VXSSRUWLQJ IUDPH RI WKH IORZ WDEOH VKDOO EH LQWHJUDOO\ FDVW RI ILQHJUDLQHG KLJKJUDGHFDVWLURQ7KHIUDPHFDVWLQJVKDOOKDYHWKUHHLQWHJUDOVWLIIHQLQJULEVH[WHQGLQJWKHIXOO R KHLJKWRIWKHIUDPHDQGORFDWHG DSDUW7KHWRSRIWKHIUDPHVKDOOEHFKLOOHGWRDGHSWKRI DSSUR[LPDWHO\óLQFKPPDQGWKHIDFHVKDOOEHJURXQGDQGODSSHGVTXDUHZLWKWKHERUHWR R JLYH FRQWDFWZLWKWKHVKDIWVKRXOGHU7KHXQGHUVLGHRIWKHEDVHRIWKHIUDPHVKDOOEHJURXQG WRVHFXUHDFRPSOHWHFRQWDFWZLWKWKHVWHHOSODWHEHQHDWK

7KH IORZ WDEOH PD\ EH GULYHQ E\ D PRWRU FRQQHFWHG WR WKH FDPVKDIW WKURXJK DQ HQFORVHG ZRUP JHDU VSHHG UHGXFHU DQG IOH[LEOH FRXSOLQJ 7KH VSHHG RI WKH FDPVKDIW VKDOO EH DSSUR[LPDWHO\USP7KHPRWRUGULYHPHFKDQLVPVKDOOQRWEHIDVWHQHGRUPRXQWHGRQWKH WDEOHEDVHSODWHRUIUDPH

7KHSHUIRUPDQFHRIDIORZWDEOHVKDOOEHFRQVLGHUHGVDWLVIDFWRU\LILQFDOLEUDWLRQWHVWVWKHWDEOH JLYHV D IORZ YDOXH WKDW GRHV QRW GLIIHU E\ PRUH WKDQ SHUFHQWDJH SRLQWV IURP IORZ YDOXHV REWDLQHGZLWKDVXLWDEOHFDOLEUDWLRQPDWHULDO

)ORZWDEOHPRXQWLQJ

7KHIORZWDEOHIUDPHVKDOOEHWLJKWO\EROWHGWRDFDVWLURQRUVWHHOSODWHDWOHDVWLQFK PPWKLFNDQGLQFKHVPPVTXDUH7KHWRSVXUIDFHRIWKLVSODWHVKDOOEHPDFKLQHGWR DVPRRWKSODQHVXUIDFH7KHSODWHVKDOOEHDQFKRUHGWRWKHWRSRIDFRQFUHWHSHGHVWDOE\IRXUòLQFK PP EROWV WKDW SDVV WKURXJK WKH SODWH DQG DUH HPEHGGHG DW OHDVW LQFKHVPP LQ WKH SHGHVWDO7KHSHGHVWDOVKDOOEHFDVWLQYHUWHGRQWKHEDVHSODWH$SRVLWLYHFRQWDFWEHWZHHQWKH EDVHSODWHDQGWKHSHGHVWDOVKDOOEHREWDLQHGDWDOOSRLQWV1RQXWVRURWKHUVXFKOHYHOOLQJGHYLFHV VKDOOEHXVHGEHWZHHQWKHSODWHDQGWKHSHGHVWDO/HYHOOLQJVKDOOEHHIIHFWHGE\VXLWDEOHPHDQV XQGHUWKHEDVHRIWKHSHGHVWDO

$KS:PRWRUKDVEHHQIRXQGDGHTXDWH7KHIORZWDEOHPD\EHGULYHQE\DKDQGRSHUDWHGFDPVKDIW DVVKRZQLQWKHLOOXVWUDWLRQ

6XFKDPDWHULDOPD\EHREWDLQHGIURPWKH&HPHQWDQG&RQFUHWH5HIHUHQFH/DERUDWRU\DWWKH1DWLRQDO%XUHDXRI 6WDQGDUGV:DVKLQJWRQ'&86$

357

Bilaga 1

06&$GG $11(; 3DJH

)LJXUH

358

Bilaga 1

06&$GG $11(; 3DJH

7KHSHGHVWDOVKDOOEHLQFKHVWRLQFKHVPPWRPPVTXDUHDWWKHWRS DQG LQFKHV WR LQFKHV PP WR PP VTXDUH DW WKH ERWWRP LQFKHV WR LQFKHV PP WR PP LQ KHLJKW DQG VKDOO EH RI PRQROLWKLF FRQVWUXFWLRQ FDVW IURP FRQFUHWH ZHLJKLQJDWOHDVWOEIW NJP $VWDEOHJDVNHWFRUNSDGòLQFKPPWKLFNDQG DSSUR[LPDWHO\ LQFKHV PP VTXDUH VKDOO EH LQVHUWHG XQGHU HDFK FRUQHU RI WKH SHGHVWDO 7KHIORZWDEOHVKDOOEHFKHFNHGIUHTXHQWO\IRUOHYHOQHVVRIWKHWDEOHWRSVWDELOLW\RIWKHSHGHVWDO DQGWLJKWQHVVRIWKHEROWVDQGQXWVLQWKHWDEOHEDVHDQGWKHSHGHVWDOSODWH$WRUTXHRIOEIW 1PLVUHFRPPHQGHGZKHQWLJKWHQLQJWKRVHIDVWHQLQJV

7KHWDEOHWRSDIWHUWKHIUDPHKDVEHHQPRXQWHGRQWKHSHGHVWDOVKDOOEHOHYHODORQJ WZRGLDPHWHUVDWULJKWDQJOHVWRHDFKRWKHULQERWKWKHUDLVHGDQGORZHUHGSRVLWLRQV

)ORZWDEOHOXEULFDWLRQ

7KHYHUWLFDOVKDIWRIWKHWDEOHVKDOOEHNHSWFOHDQDQGVKDOOEHOLJKWO\OXEULFDWHGZLWKD OLJKWRLO6$(2LOVKDOOQRWEHSUHVHQWEHWZHHQWKHFRQWDFWIDFHVRIWKHWDEOHWRSDQGWKH VXSSRUWLQJIUDPH2LORQWKHFDPIDFHZLOOOHVVHQZHDUDQGSURPRWHVPRRWKQHVVRIRSHUDWLRQ 7KHWDEOHVKRXOGEHUDLVHGDQGSHUPLWWHGWRGURSDGR]HQRUPRUHWLPHVMXVWSULRUWRXVHLILWKDV QRWEHHQRSHUDWHGIRUVRPHWLPH

0RXOG

7KHPRXOGIRUFDVWLQJWKHIORZVSHFLPHQVKDOOEHRIFDVWEURQ]HRUEUDVVFRQVWUXFWHGDV VKRZQLQILJXUH7KH5RFNZHOOKDUGQHVVQXPEHURIWKHPHWDOVKDOOEHQRWOHVVWKDQ+5% 7KHGLDPHWHURIWKHWRSRSHQLQJVKDOOEHLQFKHVLQFKHVPPPPIRUQHZ PRXOGVDQGLQFKHVLQFKHVPPDQG±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

6FDOHVDQGZHLJKWV

6FDOHV

7KH VFDOHV XVHG VKDOO FRQIRUP WR WKH IROORZLQJ UHTXLUHPHQWV 2Q VFDOHV LQ XVH WKH SHUPLVVLEOH YDULDWLRQ DW D ORDG RI J VKDOO EH J 7KH SHUPLVVLEOH YDULDWLRQ RQ QHZ VFDOHVVKDOOEHRQHKDOIRIWKLVYDOXH7KHVHQVLELOLW\UHFLSURFDO VKDOOEHQRWJUHDWHUWKDQWZLFH WKHSHUPLVVLEOHYDULDWLRQ

6RXUFH: ³6WDQGDUG 0HWKRG RI 7HVW IRU &RPSUHVVLYH 6WUHQJWK RI +\GUDXOLF &HPHQW 0RUWDUV´ 'HVLJQDWLRQ & 5HSULQWHG E\ SHUPLVVLRQ RI $PHULFDQ 6RFLHW\ IRU 7HVWLQJ DQG 0DWHULDOV $670 1916 5DFH6WUHHW3KLODGHOSKLD3HQQ86$FRS\ULJKW$670 *HQHUDOO\GHILQHGWKHVHQVLELOLW\UHFLSURFDOLVWKHFKDQJHLQORDGUHTXLUHGWRFKDQJHWKHSRVLWLRQRIUHVWRIWKH LQGLFDWLQJHOHPHQWRUHOHPHQWVRIDQRQDXWRPDWLFLQGLFDWLQJVFDOHDGHILQLWHDPRXQWDWDQ\ORDG)RUDPRUH FRPSOHWHGHILQLWLRQVHH³6SHFLILFDWLRQV7ROHUDQFHVDQG5HJXODWLRQVIRU&RPPHUFLDO:HLJKLQJDQG0HDVXULQJ 'HYLFHV´+DQGERRN+1DWLRQDO%XUHDXRI6WDQGDUGV:DVKLQJWRQ'&86$6HSWHPEHUSSDQG

359

Bilaga 1

06&$GG $11(; 3DJH

:HLJKWV

7KH SHUPLVVLEOH YDULDWLRQV RQ ZHLJKWV VKDOO EH DV SUHVFULEHG LQ WKH WDEOH EHORZ 7KHSHUPLVVLEOHYDULDWLRQVRQQHZVZHLJKWVVKDOOEHRQHKDOIRIWKHYDOXHVLQWKHWDEOHEHORZ 3(50,66,%/(9$5,$7,21621:(,*+76 :HLJKWJ 3HUPLVVLEOHYDULDWLRQV RQZHLJKWVLQXVH SOXVRUPLQXVJ

360

Bilaga 1

06&$GG $11(; 3DJH

7URXJKWHVWIRUGHWHUPLQDWLRQRIWKHVHOIVXVWDLQLQJH[RWKHUPLFGHFRPSRVLWLRQRI IHUWLOL]HUVFRQWDLQLQJQLWUDWHV

'HILQLWLRQ

$IHUWLOL]HUFDSDEOHRIVHOIVXVWDLQLQJGHFRPSRVLWLRQLVGHILQHGDVRQHLQZKLFKGHFRPSRVLWLRQ LQLWLDWHGLQDORFDOL]HGDUHDZLOOVSUHDGWKURXJKRXWWKHPDVV7KHWHQGHQF\RIDIHUWLOL]HURIIHUHG IRUWUDQVSRUWWRXQGHUJRWKLVW\SHRIGHFRPSRVLWLRQFDQEHGHWHUPLQHGE\PHDQVRIWKHWURXJK WHVW,QWKLVWHVWORFDOL]HGGHFRPSRVLWLRQLVLQLWLDWHGLQDEHGRIWKHIHUWLOL]HUWREHFRQWDLQHGLQD KRUL]RQWDOO\ PRXQWHG WURXJK 7KH DPRXQW RI SURSDJDWLRQ DIWHU UHPRYDO RI WKH LQLWLDWLQJ KHDW VRXUFHRIGHFRPSRVLWLRQWKURXJKWKHPDVVLVPHDVXUHG

$ 6WHHOSODWH[PPDQGWRPPWKLFN % *DVEXUQHUVHJ7HFOXRU%XQVHQ & +HDWVKLHOGPPWKLFN ' 6WDQGHJPDGHIURPPPZLGHPPWKLFNVWHHOEDU ( *DX]HWURXJK[[PP

)LJXUH±*DX]HWURXJKZLWKVXSSRUWDQGEXUQHUV

6RXUFH6HFWLRQRIWKH8QLWHG1DWLRQV5HFRPPHQGDWLRQRQWKH7UDQVSRUWRI'DQJHURXV*RRGV0DQXDORI 7HVWVDQG&ULWHULD

361

Bilaga 1

06&$GG $11(; 3DJH

$SSDUDWXVDQGPDWHULDOV

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

$ $OXPLQLXPRUVWDLQOHVVVWHHOVKHDWKLQJWKLFNQHVVPP % ,QVXODWLQJSODWHWKLFNQHVVPP & $OXPLQLXPIRLORUVWDLQOHVVVWHHOSODWHWKLFNQHVVPP ' 3RVLWLRQRIKHDWLQJGHYLFHLQWURXJK

)LJXUH±(OHFWULFDOKHDWLQJGHYLFHFDSDFLW\:

(OHFWULFDOKHDWLQJ

$QHOHFWULFDOKHDWLQJHOHPHQWFDSDFLW\:HQFORVHGLQDVWDLQOHVVVWHHOER[LVSODFHGLQVLGH DQGDW RQH HQG RI WKH WURXJK ILJXUH 7KH GLPHQVLRQV RI WKH VWDLQOHVV VWHHO ER[ DUHPP[PP[PPDQGWKHZDOOWKLFNQHVVLVPP7KHVLGHRIWKHER[ZKLFKLVQRW LQFRQWDFWZLWKWKHIHUWLOL]HUVKRXOGEHSURWHFWHGZLWKDKHDWVKLHOGLQVXODWLRQSODWHPPWKLFN 7KHKHDWLQJVLGHRIWKHER[PD\EHSURWHFWHGZLWKDOXPLQLXPIRLORUDVWDLQOHVVVWHHOSODWH

362

Bilaga 1

06&$GG $11(; 3DJH

*DVEXUQHUV

$VWHHOSODWHWKLFNQHVVPPWRPPLVSODFHGLQVLGHRQHHQGRIWKHWURXJKDQGLQFRQWDFWZLWK WKHZLUHJDX]HILJXUH7KHSODWHLVKHDWHGE\PHDQVRIWZREXUQHUVZKLFKDUHIL[HGWRWKH R R WURXJKVXSSRUWDQGDUHFDSDEOHRIPDLQWDLQLQJWKHSODWHDWWHPSHUDWXUHVEHWZHHQ &DQG & LHGXOOUHGKHDW

7R SUHYHQW KHDW WUDQVSRUW DORQJ WKH RXWVLGH RI WKH WURXJK D KHDW VKLHOG FRQVLVWLQJ RI D VWHHOSODWHPPWKLFNVKRXOGEHLQVWDOOHGDWDERXWPPIURPWKHHQGRIWKHWURXJKZKHUHWKH KHDWLQJWDNHVSODFH

7KH OLIH RI WKH DSSDUDWXV PD\ EH SURORQJHG LI LW LV FRQVWUXFWHG RI VWDLQOHVV VWHHO WKURXJKRXW7KLVLVSDUWLFXODUO\LPSRUWDQWLQWKHFDVHRIWKHJDX]HWURXJK

3URSDJDWLRQ PD\ EH PHDVXUHG XVLQJ WKHUPRFRXSOHV LQ WKH VXEVWDQFH DQG UHFRUGLQJ WKH WLPHDWZKLFKDVXGGHQWHPSHUDWXUHULVHRFFXUVDVWKHUHDFWLRQIURQWUHDFKHVWKHWKHUPRFRXSOH

3URFHGXUH

7KHDSSDUDWXVVKRXOGEHVHWXSXQGHUDIXPHKRRGWRUHPRYHWR[LFGHFRPSRVLWLRQJDVHV RULQDQRSHQDUHDZKHUHWKHIXPHVFDQEHUHDGLO\GLVSHUVHG$OWKRXJKWKHUHLVQRH[SORVLRQULVN ZKHQSHUIRUPLQJWKHWHVWLWLVDGYLVDEOHWRKDYHDSURWHFWLYHVKLHOGHJRIVXLWDEOHWUDQVSDUHQW SODVWLFVEHWZHHQWKHREVHUYHUDQGWKHDSSDUDWXV

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

$ERXW PLQXWHV DIWHU WKH KHDWLQJ KDV EHHQ GLVFRQWLQXHG WKH SRVLWLRQ RI WKH GHFRPSRVLWLRQIURQWLVQRWHG7KHSRVLWLRQRIWKHUHDFWLRQIURQWFDQEHGHWHUPLQHG E\GLIIHUHQFH LQ FRORXU HJEURZQ XQGHFRPSRVHG IHUWLOL]HU WR ZKLWH GHFRPSRVHG IHUWLOL]HU RU E\ WKH WHPSHUDWXUH LQGLFDWHG E\ DGMDFHQW SDLUV RI WKHUPRFRXSOHV ZKLFK EUDFNHW WKH UHDFWLRQ IURQW 7KHUDWH RI SURSDJDWLRQ PD\ EH GHWHUPLQHG E\ REVHUYDWLRQ DQG WLPLQJ RU IURP WKHUPRFRXSOH UHFRUGV ,W VKRXOG EH QRWHG ZKHWKHU WKHUH LV QR SURSDJDWLRQ DIWHU KHDWLQJ LV GLVFRQWLQXHG RU ZKHWKHUSURSDJDWLRQRFFXUVWKURXJKRXWWKHVXEVWDQFH

7HVWFULWHULDDQGPHWKRGRIDVVHVVLQJUHVXOWV

,I SURSDJDWLRQ RI WKH GHFRPSRVLWLRQ FRQWLQXHV WKURXJKRXW WKH VXEVWDQFH WKH IHUWLOL]HU LV FRQVLGHUHGFDSDEOHRIVKRZLQJVHOIVXVWDLQLQJGHFRPSRVLWLRQ

,ISURSDJDWLRQGRHVQRWFRQWLQXHWKURXJKRXWWKHVXEVWDQFHWKHIHUWLOL]HULVFRQVLGHUHGWR EHIUHHIURPWKHKD]DUGRIVHOIVXVWDLQLQJGHFRPSRVLWLRQ

363

Bilaga 1

06&$GG $11(; 3DJH

'HVFULSWLRQRIWKH7HVWRI5HVLVWDQFHWR'HWRQDWLRQ

3ULQFLSOH

7KH WHVW VDPSOH LV FRQILQHG LQ D VWHHO WXEH DQG VXEMHFWHG WR GHWRQDWLRQ VKRFN IURP DQ H[SORVLYH ERRVWHU FKDUJH 3URSDJDWLRQ RI WKH GHWRQDWLRQ LV GHWHUPLQHG IURP WKH GHJUHH RI FRPSUHVVLRQRIOHDGF\OLQGHUVRQZKLFKWKHWXEHUHVWVKRUL]RQWDOO\GXULQJWKHWHVW

6DPSOHSUHSDUDWLRQ

7KHWHVWPXVWEHFDUULHGRXWRQDUHSUHVHQWDWLYHVDPSOHRIFDUJR%HIRUHEHLQJWHVWHGIRU UHVLVWDQFH WR GHWRQDWLRQ WKH ZKROH PDVV RI WKH VDPSOH LV WR EH WKHUPDOO\ F\FOHG ILYH WLPHV EHWZHHQ&DQG&&LQVHDOHGWXEHV7KHVDPSOHVKDOOEHPDLQWDLQHGDWWKHH[WUHPH WHPSHUDWXUHVPHDVXUHGDWWKHFHQWUHRIWKHVDPSOHIRUDWOHDVWKRXUGXULQJHDFKWKHUPDOF\FOH DQGDW&&DIWHUFRPSOHWHF\FOLQJXQWLOWHVWHG

0DWHULDOV

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

3URFHGXUH

7HVW7HPSHUDWXUHWR&)LJXUHVDQGVKRZWKHWHVWDUUDQJHPHQW )LOOWKHWXEHDERXWRQHWKLUGRILWVKHLJKWZLWKWKHWHVWVDPSOHDQGGURSLWFPYHUWLFDOO\ILYH WLPHVRQWKHIORRU,PSURYHWKHFRPSUHVVLRQE\VWULNLQJWKHVLGHZDOOZLWKDKDPPHUEHWZHHQ 364

Bilaga 1

06&$GG $11(; 3DJH

GURSV$IXUWKHUDGGLWLRQVKDOOEHPDGHVXFKWKDWDIWHUFRPSDFWLRQRUE\UDLVLQJDQGGURSSLQJ WKH WXEH WLPHV DQG D WRWDO RI LQWHUPLWWHQW KDPPHU EORZV WKH FKDUJH ILOOV WKH WXEH WR D GLVWDQFHRIPPIURPLWVRULILFH

,QVHUW WKH SODVWLF H[SORVLYH LQWR WKH WXEH DQG SUHVV LW GRZQ ZLWK D ZRRGHQ GLH 3ODFH WKH FRPSUHVVHG SDOOHW FHQWUDOO\ LQ WKH UHFHVV ZLWKLQ WKH SODVWLF H[SORVLYH &ORVH LW ZLWK D ZRRGHQ GLVFVRWKDWLWUHPDLQVLQFRQWDFWZLWKWKHWHVWVDPSOH/D\WKHWHVWWXEHKRUL]RQWDOO\RQWKHOHDG F\OLQGHUVSODFHGDWPPLQWHUYDOVFHQWULFZLWKWKHFHQWUHRIWKHODVWF\OLQGHUPPIURP WKHERWWRPSODWHRQDILUPOHYHOVROLGVXUIDFHWKDWLVUHVLVWDQWWRGHIRUPDWLRQRUGLVSODFHPHQW ,QVHUWWKHHOHFWULFDOEODVWLQJFDSRUWKHGHWRQDWLQJFRUG

(QVXUHWKDWDOOQHFHVVDU\VDIHW\SUHFDXWLRQVDUHWDNHQFRQQHFWDQGGHWRQDWHWKHH[SORVLYH

5HFRUGIRUHDFKRIWKHOHDGF\OLQGHUVWKHGHJUHHRIFRPSUHVVLRQH[SUHVVHGDVDSHUFHQWDJHRI WKHRULJLQDOKHLJKWRIPP)RUREOLTXHFRPSUHVVLRQWKHGHIRUPDWLRQLVWDNHQDVWKHDYHUDJH RIWKHPD[LPXPDQGPLQLPXPGHIRUPDWLRQ

5HVXOWV

7KHWHVWLVWREHFDUULHGRXWWZLFH,ILQHDFKWHVWRQHRUPRUHRIWKHVXSSRUWLQJOHDGF\OLQGHUVDUH FUXVKHG E\ OHVV WKDQ WKH VDPSOH LV GHHPHG WR VDWLVI\ WKH UHVLVWDQFH WR GHWRQDWLRQ UHTXLUHPHQWV

365

Bilaga 1

06&$GG $11(; 3DJH

'LPHQVLRQVLQPP M 6WHHOWXEH R &RPSUHVVHGSHOOHW N :RRGHQGLVF S 7HVWVDPSOH O 3ODVWLFRUFDUGERDUGF\OLQGHU T PPGLDPHWHUKROHGULOOHGWRUHFHLYHVSOLWSLQ P :RRGHQURG U 6SOLWSLQ Q 3ODVWLFH[SORVLYH V :RRGHQGLHIRUGLDPHWHUDVIRUGHWRQDWRU

)LJXUH%RRVWHUFKDUJH

366

Bilaga 1

06&$GG $11(; 3DJH

HQVLRQVLQPP GLP

QJVLWH

OLQGHUV

3RVLWLRQLQJRIWKHVWHHOWXEHRQWKHILUL

)LJXUH

EHUVRIOHDGF\ OLQGH SODWH QXP 6WHHOWXEH /HDGF\ 6WHHOEORFN %RWWRP %RRVWHUFKDUJH WR

M N O P Q

367

Bilaga 1

06&$GG $11(; 3DJH

6HOIKHDWLQJWHVWIRUFKDUFRDO

$SSDUDWXV

2YHQ$ ODERUDWRU\ RYHQ ILWWHG ZLWK LQWHUQDO DLU FLUFXODWLRQ DQG FDSDEOH RI EHLQJ R R FRQWUROOHGDW & &

:LUH PHVK FXEH&RQVWUXFW DQ RSHQWRS FXEH PP VLGH IURP SKRVSKRU EURQ]H JDX]H,PHVKSHUVTXDUHFHQWLPHWUH[PHVK,QVHUWLWLQVLGHDVOLJKWO\ODUJHU ZHOOILWWLQJFXEHPDGHRISKRVSKRUEURQ]HJDX]HPHVKSHUVTXDUHFHQWLPHWUH[PHVK )LWWKHRXWHUFXEHZLWKDKDQGOHRUKRRNVVRWKDWLWFDQEHVXVSHQGHGIURPDERYH

7HPSHUDWXUHPHDVXUHPHQW$VXLWDEOHV\VWHPWRPHDVXUHDQGUHFRUGWKHWHPSHUDWXUHRIWKH RYHQDQGLQWKHFHQWUHRIWKHFXEH³&KURPHODOXPHO´WKHUPRFRXSOHVPDGHIURPPPGLDPHWHU ZLUHDUHVXLWDEOHIRUPHDVXULQJWKHWHPSHUDWXUHUDQJHH[SHFWHG

3URFHGXUH

)LOO WKH FXEH ZLWK FDUERQ DQG WDS GRZQ JHQWO\ DGGLQJ FDUERQ XQWLO WKH FXEH LV IXOO R R 6XVSHQGWKHVDPSOHLQWKHFHQWUHRIWKHRYHQZKLFKKDVEHHQSUHKHDWHGWR & &,QVHUW RQHRIWKHWKHUPRFRXSOHVLQWKHFHQWUHRIWKHVDPSOHDQGWKHRWKHUEHWZHHQWKHFXEHDQGWKHRYHQ R R ZDOO 0DLQWDLQ WKH WHPSHUDWXUH RI WKH RYHQ DW & & IRU KRXUV DQG UHFRUG WKH RYHQ WHPSHUDWXUHDQGWKHVDPSOHWHPSHUDWXUH

5HVXOWV

1RQDFWLYDWHGFDUERQQRQDFWLYDWHGFKDUFRDOFDUERQEODFNDQGODPSEODFNIDLOWKHWHVWLI R WKHWHPSHUDWXUHDWDQ\WLPHGXULQJWKHKRXUVH[FHHGHG &

$FWLYDWHGFDUERQDQGDFWLYDWHGFKDUFRDOIDLOWKHWHVWLIWKHWHPSHUDWXUHDWDQ\WLPHGXULQJ R WKHKRXUVH[FHHGHG &

368

Bilaga 1

06&$GG $11(; 3DJH

$33(1',;

3523(57,(62)62/,'%8/.&$5*2(6

1RQFRKHVLYHFDUJRHV

7KHIROORZLQJFDUJRHVDUHQRQFRKHVLYHZKHQGU\

$0021,801,75$7( $0021,801,75$7(%$6(' )(57,/,=(567<3($7<3(%DQG 121+$=$5'286 $0021,8068/3+$7( %25$; DQK\GURXV &$/&,801,75$7()(57,/,=(5 &$6725%($16 ',$0021,803+263+$7( 0212$0021,803+263+$7( 327$66,80&+/25,'( 327$6+ 327$66,801,75$7( 327$66,8068/3+$7( 62',801,75$7( 62',801,75$7($1'327$66,801,75$7(0,;785( 683(53+263+$7( 85($

3ULRUWRFRPSOHWLRQRIORDGLQJWKHDQJOHRIUHSRVHRIWKHPDWHULDOVWREHORDGHGVKRXOGEH GHWHUPLQHGVHHVHFWLRQVRDVWRGHWHUPLQHZKLFKSURYLVLRQVRIWKLV&RGHUHODWLQJWRWULPPLQJ DSSO\VHHVHFWLRQ

$OOFDUJRHVRWKHUWKDQWKRVHOLVWHGLQWKLVDSSHQGL[DUHFRKHVLYHDQGWKHXVHRIWKHDQJOH RI UHSRVH LV WKHUHIRUH QRW DSSURSULDWH &DUJRHV QRW OLVWHG VKRXOG EH WUHDWHG DV FRKHVLYH XQWLO RWKHUZLVHVKRZQ

&DUJRHVZKLFKPD\OLTXHI\

0DQ\ILQHSDUWLFOHGFDUJRHVLISRVVHVVLQJDVXIILFLHQWO\KLJKPRLVWXUHFRQWHQWDUHOLDEOHWR IORZ7KXVDQ\GDPSRUZHWFDUJRFRQWDLQLQJDSURSRUWLRQRIILQHSDUWLFOHVVKRXOGEHWHVWHGIRU IORZFKDUDFWHULVWLFVSULRUWRORDGLQJ

3UHFDXWLRQVIRUWKHFDUJRHVZKLFKPD\SRVVHVVDFKHPLFDOKD]DUG

,Q FLUFXPVWDQFHV ZKHUH FRQVXOWDWLRQ ZLWK WKH FRPSHWHQW DXWKRULW\ LV UHTXLUHG SULRU WR VKLSPHQWRIGU\EXONFDUJRHVLWLVHTXDOO\LPSRUWDQWWRFRQVXOWDXWKRULWLHVDWWKHSRUWRIORDGLQJ DQGGLVFKDUJHFRQFHUQLQJUHTXLUHPHQWVZKLFKPD\EHLQIRUFH

:KHUHUHTXLUHGWKH0HGLFDO)LUVW$LG*XLGHIRU8VHLQ$FFLGHQWV,QYROYLQJ'DQJHURXV *RRGV0)$*VKRXOGEHFRQVXOWHGSULRUWRORDGLQJ

369

Bilaga 1

06&$GG $11(; 3DJH

$33(1',;

Bilaga 2

Bilaga 2. Förteckning över läkemedel och medicinsk utrustning

1. Läkemedel och utrustning som redan finns tillgänglig i fartygets skeppsapotek får inräknas i nedanstående kvantiteter. 2. I några fall är alternativ angivna. Det betyder att ett av de angivna läkemedlen ska finnas ombord. 3. Nedanstående förteckning gäller för svenska fartyg. 4. Transportstyrelsen kan meddela att likvärdigt läkemedel som ska finnas ombord enligt Sjöfartsverkets föreskrifter och allmänna råd (SJÖFS 2000:21) om sjukvård och apotek på fartyg, får ersätta läkemedel i nedanstående förteckning. 5. Den fastställda minimikvantiteten är baserad på den uppskattade risken för personer ombord och tiden inom vilken fullvärdig behandling i land kan fås. 6. Transportstyrelsen kan medge undantag för fartyg att ha nedanstående läkemedel ombord under förutsättning att fartyget är sysselsatt i reguljär trafik där närmaste hamn nås inom 10 minuter.

Etikettering, förvaring och fördelning

Etikettering, förvaring och fördelning av läkemedel ska i allmänhet vara i enlighet med IMGS (International Medical Guide for Ships). Innehållet och förvaringsförhållanden ska kontrolleras minst en gång per år med beaktande av tillverkarens angivna utgångsdatum och förvaringsinstruktioner. Förbrukade läkemedel ska ersättas så snart som möjligt.

Förteckning över läkemedel

I nedanstående tabell framgår de fastställda minimikraven för fartyg – med mer än 24 timmar till anlöpbar hamn där fullvärdig behandling kan ges (A), – som kan nå anlöpbar hamn där fullvärdig behandling kan ges inom 24 timmar (B), eller – som kan nå anlöpbar hamn där fullvärdig behandling kan ges inom 2 timmar (C).

1 De förtecknade läkemedlen ska användas efter anvisning från Radio Medical. Allmänna råd om medicinsk behandling finns i MFAG.

377

Bilaga 2

Exempel2 Läkemedel Beredningsform Fastställd minimikvantitet

A B C

Amoxicillin kapslar 500 mg Amoxicillin 30 kapslar Inga Inga Scand Pharm

Antibiotisk ögonsalva Ögonsalva Chloromycetin, 5 tuber 5 tuber Inga ögonsalva 1%

Atropin Injektionsvätska Atropin NM Pharma 301 ml 301 ml Inga 0.5 mg/ml (1 ml ampull)

Beclometason inkl. Inhalationsspray Becotide 5  200 5  200 Inga andningsbehållare, 50 μg/dos (200 doser) doser doser typ Volumatic eller 250 μg/dos eller (200 doser) eller Budesonid inkl. Inhalationspulver Pulmicort Turbuhaler 5  100 5  100 Inga andningsbehållare, 200 μg/dos doser doser typ Volumatic (100 doser)

Bedövande Ögondroppar, Tetrakain, 1 förpack- 1 förpack- 1 förpackögondroppar endospipetter 0.5 ml ögondroppar 1 % ning ning ning (200.5 ml)

Cefuroxim Injektionssubstans Cefuroxim Norcox 10  750 Inga Inga 750 mg mg (injektionsflaskor 750 mg) Diazepam Klysma eller Diazepam Desitin, 5  10 mg 5  10 mg Inga rektalvätska klysma 10 mg 10 mg eller Stesolid, Rektalvätska 10 mg

Erytromycin Tabletter 500 mg Abboticin Novum 30  500 Inga Inga mg

Etylalkohol Lösning 99.5 % 3  500 ml 1  500 ml Inga

Fluorescein Ögondroppar, Fluoresceinnatrium 1 förpack- Inga Inga lösning 2%. ning Endospipetter (20  0.5 ml)

Furosemid Injektionslösning Furix, 5  4 ml Inga Inga 10 mg/ml Injektionslösning (4 ml ampull) 10 mg/ml eller Furosemid NM Pharma

Angivna läkemedel är endast exempel. Det kan finnas motsvarande läkemedel från andra tillverkare med andra handelsnamn.

378

Bilaga 2

2 Läkemedel Beredningsform Exempel Fastställd minimikvantitet

A B C

Fytomenadion Injektionsvätska Konakion Novum 10  1 ml Inga Inga 10mg/ml (1 ml ampull)

Kalciumglukonat Brustabletter 1 g Calcium-Sandoz 20 tabletter 20 tabletter Inga

Kalciumglukonat gel Gel 2.5 % (25 g tub) HF Antidote Gel 5 tuber 5 tuber 5 tuber

Kol, medicinskt Pulver (50 g flaska) Carbomix 2  50 g 2  50 g Inga alternativt aktivt eller brusgranulat eller Medikol eller eller (5 g portionspåse) 10  5 g 10  5 g

Metoklopramid Injektionsvätska Primperan 30  2 ml 10  2 ml 5  2 ml 5 mg/ml (2 mg ampull)

Metronidazol Suppositorier 1 g Elyzol eller Flagyl 10  1 g Inga Inga

Morfin Injektionsvätska Morfin 40  1 ml 10  1 ml 5  1 ml 10 mg/ml (1ml ampull)

Naloxon Injektionsvätska Narcanti 10  1 ml 10  1 ml 10  1 ml 0.4 mg/ml (1 ml ampull)

Natriumklorid, isoton Spolvätska 9 mg/ml 5  1 liter 3  1 liter 1  1 liter (0.9%) (flaska 1 liter)

Oral vätskeersättning Dospåsar Resorb För 18 liter För 6 liter Inga eller tabletter som eller Semper lösning lösning löses i vatten vätskeersättning

Paracetamol Tabletter 500 mg Alvedon, Panodil 200 100 20 tabletter tabletter tabletter Plasmaersättningsmed Infusionsvätska Haemaccel 3  500 ml 3  500 ml Inga el på gelatinbas (flaska 500 ml)

Salbutamol inkl. Inhalationsareosol Salbutamol NM 5  200 5  200 1  200 andningsbehållare, 100 μg/dos Pharma doser doser doser typ Volumatic (200 doser) eller eller Terbutalin inkl. Inhalationspulver Bricanyl Turbuhaler 5  200 5  200 1  200 andningsbehållare, 500 μg/dos doser doser doser typ Volumatic (200 doser)

Sterilt vatten För beredning av Sterilt vatten 20  10 ml Inga Inga injektionslösning (ampull 10 ml)

379

Bilaga 2

Förteckning över medicinsk utrustning

Fastställd minimikvantitet Utrustning A B C

Svalgtub storlek 2 2 2 2 storlek 3 2 2 2 storlek 4 2 2 2 Infusionskanyl, typ Venflon, 10 10 Inga 1.2 mm (grön)

Infusionsaggregat 10 10 Inga

Kanyl 0,8 mm, engångs med Luerfattning 100 50 10

Engångsmask för syrgasadministration 10 10 2 med kapacitet upp till 60% syrgas Andningsballong 2 2 2 (typ Rubens) Syragascylinder 40 liter/200 bar* 40 liter/200 bar* Inga

Portabel utrustning för syrgasbehandling 1* 1* 1 avsedd för omedelbart bruk (2 liter/200 bar) 2 liter/200 bar)

Extra syrgascylinder i reserv 1* 1* 1 (2 liter/200 bar) (2 liter/200 bar) Injektionsspruta, engångs med Luerfattning 2 ml 100 50 10 5 ml 10 10 Inga

* Minst 44 liter/200 bar andningsoxygen (syrgas) som ska bestå av minst: 1. en komplett portabel utrustning med cylinder 2 liter/200 bar syrgas klar för omedelbar användning samt en cylinder med 2 liter/200 bar i reserv, och 2. en syrgascylinder med 40 liter/200 bar andningsoxygen (syrgas) (i fartygets sjukhytt monterad för omedelbart bruk) med en regulator som kan förse två personer samtidigt med syrgas. Om mer än en icke-flyttbar syrgascylinder används så måste det finnas två regulatorer som kan förse två personer samtidigt med syrgas.

380

Bemyndigande

Allmänt

Medicinsk utrustning och information om nödåtgärder

Personlig skyddsutrustning

Ömsesidighetsklausul

Undantag

TSFS 2010: 166

Ikraftträdande- och övergångsbestämmelser

$11(;

5(62/87,2106& DGRSWHGRQ'HFHPEHU

$'237,212)7+(,17(51$7,21$/0$5,7,0( 62/,'%8/.&$5*2(6,06%&&2'(

,17(51$7,21$/0$5,7,0(62/,'%8/.&$5*2(6,06%&&2'(

7DEOHRI&RQWHQWV

)25(:25'

6HFWLRQ

*HQHUDOSURYLVLRQV

,QWURGXFWRU\QRWH

&DUJRHVOLVWHGLQWKLV&RGH

&DUJRHVQRWOLVWHGLQWKLV&RGH

)RUPDW IRU WKH SURSHUWLHV RI FDUJRHV QRW OLVWHG LQ WKLV &RGH DQG FRQGLWLRQV RI WKH FDUULDJH

$1*/(2)5(326( %8/.'(16,7<NJP 672:$*()$&725P W

6,=( &/$66 *5283

672:$*( 6(*5(*$7,21

+2/'&/($1/,1(66

:($7+(535(&$87,216

/2$',1*

35(&$87,216

9(17,/$7,21

&$55,$*(

',6&+$5*(

&/($183

(0(5*(1&<352&('85(6

63(&,$/(0(5*(1&<(48,30(1772%(&$55,('

(0(5*(1&<352&('85(6

(0(5*(1&<$&7,21,17+((9(172)),5(

0(',&$/),567$,'

$SSOLFDWLRQDQGLPSOHPHQWDWLRQRIWKLV&RGH

([HPSWLRQVDQGHTXLYDOHQWPHDVXUHV

&RQYHQWLRQV

&+$37(59,

&$55,$*(2)&$5*2(6

3DUW$

*HQHUDOSURYLVLRQV

5HJXODWLRQ

5HJXODWLRQ

5HJXODWLRQ

5HJXODWLRQ

5HJXODWLRQ

5HJXODWLRQ

5HJXODWLRQ

3DUW%

5HJXODWLRQ

5HJXODWLRQ

&+$37(59,,

&DUULDJHRIGDQJHURXVJRRGV

3DUW$

5HJXODWLRQ

5HJXODWLRQ

5HJXODWLRQ

5HJXODWLRQ

5HJXODWLRQ

5HJXODWLRQ

'HILQLWLRQV

6HFWLRQ

*HQHUDOORDGLQJFDUULDJHDQGXQORDGLQJSUHFDXWLRQV

&DUJRGLVWULEXWLRQ

*HQHUDO

7RSUHYHQWWKHVWUXFWXUHEHLQJRYHUVWUHVVHG

7RDLGVWDELOLW\

/RDGLQJDQGXQORDGLQJ

6HFWLRQ

6DIHW\RISHUVRQQHODQGVKLS

*HQHUDOUHTXLUHPHQWV

3RLVRQLQJFRUURVLYHDQGDVSK\[LDWLRQKD]DUGV

+HDOWKKD]DUGVGXHWRGXVW

)ODPPDEOHDWPRVSKHUH

9HQWLODWLRQ

&DUJRXQGHULQWUDQVLWIXPLJDWLRQ

6HFWLRQ

$VVHVVPHQWRIDFFHSWDELOLW\RIFRQVLJQPHQWVIRUVDIHVKLSPHQW

$1/(2)5(326( %8/.'(16,7<NJP 672:$()$&725P W

672:$( 6(5(*$7,21

&$55,$(2)&$52(6

1RQFRKHVLYHEXONFDUJRHVKDYLQJDQDQJOHRIUHSRVHOHVVWKDQRUHTXDOWR

1RQFRKHVLYHEXONFDUJRHVKDYLQJDQDQJOHRIUHSRVHJUHDWHUWKDQWRLQFOXVLYH

1RQFRKHVLYHEXONFDUJRHVKDYLQJDQDQJOHRIUHSRVHJUHDWHUWKDQ