6gb33082.fm Page 13 Tuesday, September 21, 2004 5:05 PM
,16758&7,216)2586(
%()25(86,1*7+(5()5,*(5$725
6$)(*8$5',1*7+((19,5210(17
35(&$87,216$1'*(1(5$/
5(&200(1'$7,216
+2:7223(5$7(7+(5()5,*(5$725
&203$570(17
+2:7223(5$7(7+(/2:7(03(5$785(
&203$570(17
+2:72'()5267$1'&/($17+(
5()5,*(5$725
&$5($1'0$,17(1$1&(
7528%/(6+227,1**8,'(
$)7(56$/(66(59,&(
,167$//$7,21
(/(&75,&$/&211(&7,21
6gb33082.fm Page 14 Tuesday, September 21, 2004 5:05 PM
%()25(86,1*7+(5()5,*(5$725
<RXUQHZDSSOLDQFHLVGHVLJQHGH[FOXVLYHO\IRU
GRPHVWLFXVH
7RJHWWKHPRVWRXWRI\RXUQHZDSSOLDQFH
UHDGWKHXVHUKDQGERRNWKRURXJKO\7KH
KDQGERRNFRQWDLQVDGHVFULSWLRQRIWKH
DSSOLDQFHDQGXVHIXOWLSVIRUVWRULQJIRRG
.HHSWKLVKDQGERRNIRUIXWXUHFRQVXOWDWLRQ
$IWHUXQSDFNLQJPDNHVXUHWKDWWKHDSSOLDQFH
LVXQGDPDJHGDQGWKDWWKHGRRUFORVHV
SURSHUO\$Q\GDPDJHPXVWEHUHSRUWHGWR
\RXUGHDOHUZLWKLQKRXUVDIWHUGHOLYHU\RI
WKHDSSOLDQFH
:DLWDWOHDVWWZRKRXUVEHIRUHVZLWFKLQJWKH
DSSOLDQFHRQLQRUGHUWRHQVXUHWKHUHIULJHUDQW
FLUFXLWLVIXOO\HIILFLHQW
0DNHVXUHWKDWWKHLQVWDOODWLRQDQGWKH
HOHFWULFDOFRQQHFWLRQDUHFDUULHGRXWE\D
TXDOLILHGWHFKQLFLDQDFFRUGLQJWRWKH
PDQXIDFWXUHU·VLQVWUXFWLRQVDQGORFDOVDIHW\
UHJXODWLRQV
&OHDQWKHLQVLGHRIWKHDSSOLDQFHEHIRUHXVLQJLW
6$)(*8$5',1*7+((19,5210(17
3DFNLQJ
7KHSDFNDJLQJPDWHULDOLVUHF\FODEOHDQG
FDUULHVWKHUHF\FOLQJV\PERO'LVSRVDOPXVWEH
FDUULHGRXWLQDFFRUGDQFHZLWKORFDOUHJXODWLRQV
IRUZDVWHGLVSRVDO
.HHSWKHSDFNDJLQJPDWHULDOVSODVWLFEDJV
SRO\VW\UHQHSDUWVHWFRXWRIUHDFKRIFKLOGUHQ
DVWKH\DUHSRWHQWLDOO\GDQJHURXV
6FUDSSLQJ
7KHDSSOLDQFHLVPDQXIDFWXUHGXVLQJUHF\FODEOH
PDWHULDO
%HIRUHVFUDSSLQJPDNHWKHDSSOLDQFHXQXVDEOH
E\FXWWLQJRIIWKHSRZHUFDEOHDQGUHPRYLQJWKH
GRRUVDQGVKHOYHVVRWKDWFKLOGUHQFDQQRWHDVLO\
FOLPELQVLGHWKHDSSOLDQFH
'LVSRVDOPXVWEHFDUULHGRXWLQDFFRUGDQFHZLWK
ORFDOHQYLURQPHQWDOUHJXODWLRQVIRUZDVWH
GLVSRVDO'HOLYHUWKHDSSOLDQFHLPPHGLDWHO\WR
DQDXWKRUL]HGGXPSGRQRWOHDYHLWXQDWWHQGHG
HYHQIRUDIHZGD\VVLQFHLWLVSRWHQWLDOO\
GDQJHURXVIRUFKLOGUHQ
,QIRUPDWLRQ
7KLVDSSOLDQFHGRHVQRWFRQWDLQ&)&VUHSODFHG
ZLWK5DRU+)&VUHSODFHGZLWK5D
$SSOLDQFHVZLWK,VREXWDQH5D
,VREXWDQHLVDQDWXUDOJDVZLWKORZ
HQYLURQPHQWDOLPSDFW&DXWLRQLVUHTXLUHG
KRZHYHUVLQFHLVREXWDQHLVIODPPDEOH
7KHUHIRUHLWLVHVVHQWLDOWRHQVXUHWKDW
UHIULJHUDQWSLSHOLQHVDUHQRWGDPDJHG
'HFODUDWLRQRIFRQIRUPLW\
7KLVDSSOLDQFHLVGHVLJQHGWRVWRUHIRRGDQGLV
PDQXIDFWXUHGLQFRQIRUPLW\ZLWK
((&GLUHFWLYH1R((&((&
((&
7KLVDSSOLDQFHLVGHVLJQHGPDQXIDFWXUHGDQG
UHWDLOHGLQFRPSOLDQFHZLWK
WKHVDIHW\REMHFWLYHVRIWKH/RZ9ROWDJH
'LUHFWLYH((&
WKHSURWHFWLRQUHTXLUHPHQWVRIWKH´(0&µ
'LUHFWLYH((&DPHQGHGE\'LUHFWLYH
((&
WKHHOHFWULFDOVDIHW\RIWKHDSSOLDQFHFDQRQO\
EHJXDUDQWHHGLIWKHSURGXFWLVFRQQHFWHGWRDQ
DSSURYHGHDUWKFRQQHFWLRQ
6gb33082.fm Page 15 Tuesday, September 21, 2004 5:05 PM
35(&$87,216$1'*(1(5$/
5(&200(1'$7,216
8VHWKHUHIULJHUDWRUFRPSDUWPHQWRQO\IRU
VWRULQJIUHVKIRRGDQGEHYHUDJHVDQGXVHWKH
IUHH]HUFRPSDUWPHQWRQO\IRUVWRULQJIUR]HQ
IRRGIUHH]LQJIUHVKIRRGDQGPDNLQJLFH
FXEHV
$IWHULQVWDOODWLRQPDNHVXUHWKDWWKH
UHIULJHUDWRUGRHVQRWVWDQGRQWKHSRZHU
FDEOH
'RQRWVWRUHJODVVFRQWDLQHUVZLWKOLTXLGVLQ
WKHIUHH]HUVLQFHWKH\PD\EXUVW
'RQRWHDWLFHFXEHVRULFHOROOLHVLPPHGLDWHO\
DIWHUWDNLQJWKHPRXWRIWKHIUHH]HUVLQFHWKH\
PD\FDXVH´FROGµEXUQV
%HIRUHFDUU\LQJRXWDQ\PDLQWHQDQFHRU
FOHDQLQJDOZD\VXQSOXJWKHDSSOLDQFHRU
GLVFRQQHFWWKHSRZHUVXSSO\
0DNHVXUHWKDW\RXUUHIULJHUDWRULVQRWQHDUD
KHDWVRXUFH
'RQRWVWRUHRUXVHJDVROLQHRURWKHU
IODPPDEOHYDSRXUVDQGOLTXLGVLQWKHYLFLQLW\RI
WKLVRUDQ\RWKHUDSSOLDQFH7KHIXPHVFDQ
FUHDWHDILUHKD]DUGRUH[SORVLRQ
7RHQVXUHSURSHUYHQWLODWLRQOHDYHDFP
VSDFHRQERWKVLGHVDQGDERYHWKH
UHIULJHUDWRU
(QVXUHWKDWWKHYHQWRXWOHWVRQWKHDSSOLDQFH
FDVLQJRUKRXVLQJXQLWDUHXQREVWUXFWHGLQ
RUGHUWRDOORZFRUUHFWDLUFLUFXODWLRQ
$SSOLDQFHVZLWKDQLFHPDNHURUZDWHU
GLVSHQVHUPXVWEHFRQQHFWHGWRDZDWHU
VXSSO\ZKLFKGHOLYHUVSRWDEOHZDWHURQO\,FH
PDNHUVDQGRUZDWHUGLVSHQVHUVWKDWDUHQRW
GLUHFWO\FRQQHFWHGWRWKHZDWHUVXSSO\PXVW
EHILOOHGXVLQJSRWDEOHZDWHURQO\
,QVWDOODQGOHYHOWKHUHIULJHUDWRURQDIORRUWKDW
ZLOOKROGWKHZHLJKWDQGLQDQDUHDVXLWDEOHIRU
LWVVL]HDQGXVH
'RQRWXVHWKHUHIULJHUDWRULQDQDUHDZKHUH
WKHURRPWHPSHUDWXUHZLOOIDOOEHORZ&
3ODFHLWLQDGU\DQGZHOOYHQWLODWHGURRP
%HFDUHIXOQRWWRGDPDJHWKHIORRUVZKHQ\RX
PRYHWKHDSSOLDQFHHJSDUTXHWIORRULQJ
'RQRWXVHPHFKDQLFDOGHYLFHVRUDQ\PHDQV
RWKHUWKDQWKRVHUHFRPPHQGHGE\WKH
PDQXIDFWXUHUWRVSHHGXSWKHGHIURVWLQJ
SURFHVV
'RQRWGDPDJHWKHUHIULJHUDQWFLUFXLW
'RQRWXVHHOHFWULFDODSSOLDQFHVLQVLGHWKH
IUHH]HUFRPSDUWPHQWVXQOHVVVXFKDSSOLDQFHV
DUHVSHFLILFDOO\UHFRPPHQGHGE\WKH
PDQXIDFWXUHU
7KLVDSSOLDQFHLVQRWGHVLJQHGIRUXVHE\
\RXQJFKLOGUHQRUWKHLQILUP
7RDYRLGWKHULVNRIFKLOGUHQEHLQJWUDSSHG
DQGWKHUHIRUHVXIIRFDWLQJGRQRWDOORZWKHP
WRSOD\RUKLGHLQVLGHWKHUHIULJHUDWRU
7KHSRZHUFDEOHPD\RQO\EHUHSODFHGE\DQ
DXWKRUL]HGSHUVRQ
'RQRWXVHH[WHQVLRQOHDGVRUDGDSWHUV
(OHFWULFDOGLVFRQQHFWLRQPXVWEHSRVVLEOH
HLWKHUE\XQSOXJJLQJWKHDSSOLDQFHRUE\
PHDQVRIDGRXEOHSROHVZLWFKORFDWHGXSOLQH
IURPWKHVRFNHW
'RQRWLQJHVWWKHFRQWHQWVQRQWR[LFRIWKH
LFHSDFNVLISURYLGHG
6gb33082.fm Page 16 Tuesday, September 21, 2004 5:05 PM
+2:7223(5$7(7+(5()5,*(5$725
&203$570(17
6ZLWFKLQJRQWKHDSSOLDQFH
6WDUWLQJXSWKHDSSOLDQFH
7KHDSSOLDQFHIHDWXUHVLQWHUQDOFRQWUROV
3OXJLQWKHDSSOLDQFH
:KHQWKHDSSOLDQFHLVFRQQHFWHGWRWKHPDLQVWKHLQVLGHOLJKW
VZLWFKHVRQHDFKWLPHWKHGRRULVRSHQHG7KHWKHUPRVWDW
ORFDWHGLQVLGHWKHUHIULJHUDWRUFRPSDUWPHQWLVXVHGWRDGMXVWWKH
WHPSHUDWXUHRIERWKWKHUHIULJHUDWRUFRPSDUWPHQWDQGORZ
WHPSHUDWXUHFRPSDUWPHQWLIILWWHG
$GMXVWLQJWKHWHPSHUDWXUH
)RUFRUUHFWRSHUDWLRQDQGRSWLPXPVWRUDJHRIIRRGIROORZ
LQVWUXFWLRQVJLYHQLQWKHHQFORVHGSURGXFWVKHHWIRU
WKHUPRVWDWDGMXVWPHQW
1RWH
7KHDPELHQWDLUWHPSHUDWXUHIUHTXHQF\RIGRRURSHQLQJDQGWKH
SRVLWLRQRIWKHDSSOLDQFHFDQDIIHFWLQWHUQDOWHPSHUDWXUHV7KHVH
IDFWRUVPXVWEHWDNHQLQWRDFFRXQWZKHQVHWWLQJWKHWKHUPRVWDW
+RZWRXVHWKHUHIULJHUDWRUFRPSDUWPHQW
3RVLWLRQWKHIRRGDVVKRZQLQWKHILJXUH
$ &RRNHGIRRG
% )LVKPHDW
& )UXLWDQGYHJHWDEOHV
' %RWWOHV
( &KHHVH
1RWH
7KHVSDFHEHWZHHQWKHVKHOYHVDQGWKHUHDUZDOORIWKH
UHIULJHUDWRUFRPSDUWPHQWPXVWEHXQREVWUXFWHGWRDOORZ
FLUFXODWLRQRIDLU
'RQRWSODFHIRRGLQGLUHFWFRQWDFWZLWKWKHUHDUZDOORIWKH
UHIULJHUDWRUFRPSDUWPHQW
'RQRWSODFHKRWIRRGLQWKHUHIULJHUDWRU
6WRUHOLTXLGVLQFORVHGFRQWDLQHUV
,PSRUWDQW
6WRULQJYHJHWDEOHVZLWKKLJKZDWHUFRQWHQWFDQFDXVH
FRQGHQVDWLRQWRIRUPRQWKHJODVVVKHOIRIWKHFULVSHU
GUDZHUWKLVZLOOQRWDIIHFWWKHFRUUHFWRSHUDWLRQRIWKH
DSSOLDQFH
6gb33082.fm Page 17 Tuesday, September 21, 2004 5:05 PM
+2:7223(5$7(7+(/2:7(03(5$785(
&203$570(17
7KHORZWHPSHUDWXUHFRPSDUWPHQWLV
RU
&RPSDUWPHQWVPDUNHG
FDQEHXVHGWRVWRUHIUR]HQ
IRRGVIRUWKHSHULRGRIWLPHLQGLFDWHGRQSDFNDJLQJ,IWKH
ORZWHPSHUDWXUHFRPSDUWPHQWLVPDUNHG
LWFDQDOVR
EHXVHGWRIUHH]HIUHVKIRRG
7KHTXDQWLW\RIIUHVKIRRGWKDWFDQEHIUR]HQLQKRXUVLV
VKRZQRQWKHUDWLQJSODWH
1RWH
,QWKHHYHQWRIDSRZHUFXWWKHORZWHPSHUDWXUHFRPSDUWPHQW
ZLOOPDLQWDLQDVXIILFLHQWO\ORZWHPSHUDWXUHIRUIRRGVWRUDJH
+RZHYHULWLVDGYLVDEOHWRDYRLGRSHQLQJWKHFRPSDUWPHQWGRRU
GXULQJVXFKSHULRGV
)UHH]LQJIUHVKIRRGRQO\LQFRPSDUWPHQWV
PDUNHG
,PSRUWDQW
%HIRUHIUHH]LQJZUDSDQGVHDOIUHVKIRRGLQ
$OXPLQLXPIRLOFOLQJILOPDLUDQGZDWHUWLJKWSODVWLFEDJV
SRO\WKHQHFRQWDLQHUVZLWKOLGVRUIUHH]HUFRQWDLQHUVVXLWDEOHIRU
IUHH]LQJIUHVKIRRG
$UUDQJHWKHIUHVKIRRGLQWKHWRSFRPSDUWPHQWOHDYLQJ
VXIILFLHQWVSDFHDURXQGHDFKSDFNIRUWKHDLUWRFLUFXODWH
)RURSWLPXPIUHH]LQJWXUQWKHWKHUPRVWDWGRZQE\KDOIDSRLQW
ZKHQSODFLQJIUHVKIRRGVLQWKHIUHH]HUFRPSDUWPHQW
7KHIRRGZLOOEHFRPSOHWHO\IUR]HQLQKRXUV
)RUDSSOLDQFHVZLWKFRPSDUWPHQWVPDUNHG
7KHWDEOHDORQJVLGHVKRZVWKHUHFRPPHQGHGPD[LPXP
VWRUDJHWLPHIRUIUR]HQIUHVKIRRGV
:KHQSXUFKDVLQJIUR]HQIRRGSURGXFWV
(QVXUHWKDWWKHSDFNDJLQJLVQRWGDPDJHGIUR]HQIRRGLQ
GDPDJHGSDFNDJLQJPD\KDYHGHWHULRUDWHG,IWKHSDFNDJHLV
VZROOHQRUKDVGDPSSDWFKHVLWPD\QRWKDYHEHHQVWRUHG
XQGHURSWLPDOFRQGLWLRQVDQGGHIURVWLQJPD\KDYHDOUHDG\
EHJXQ
:KHQVKRSSLQJOHDYHIUR]HQIRRGSXUFKDVHVXQWLOODVWDQG
WUDQVSRUWWKHSURGXFWVLQDWKHUPDOO\LQVXODWHGFRROEDJ
3ODFHWKHLWHPVLQWKHORZWHPSHUDWXUHFRPSDUWPHQWDVVRRQ
DV\RXJHWKRPH
,IIRRGKDVGHIURVWHGHYHQSDUWLDOO\GRQRWUHIUHH]HLW
&RQVXPHZLWKLQKRXUV
$YRLGRUUHGXFHWHPSHUDWXUHYDULDWLRQVWRWKHPLQLPXP
5HVSHFWWKHEHVWEHIRUHGDWHRQWKHSDFNDJH
$OZD\VREVHUYHWKHVWRUDJHLQIRUPDWLRQRQWKHSDFNDJH
0217+6
)22'
0DNLQJLFHFXEHV
)LOOWKHLFHFXEHWUD\IXOODQGSODFHLWLQWKHORZWHPSHUDWXUH
FRPSDUWPHQW
'RQRWXVHVKDUSRUSRLQWHGLQVWUXPHQWVWRGHWDFKWKHWUD\LI
LWLVVWXFNWRWKHORZWHPSHUDWXUHFRPSDUWPHQWERWWRP
%HQGWKHLFHWUD\VOLJKWO\WRUHPRYHWKHFXEHV
6gb33082.fm Page 18 Tuesday, September 21, 2004 5:05 PM
+2:72'()5267$1'&/($17+(
5()5,*(5$725
%HIRUHDQ\FOHDQLQJRUPDLQWHQDQFHRSHUDWLRQXQSOXJ
WKHDSSOLDQFHIURPWKHPDLQVRUGLVFRQQHFWWKH
HOHFWULFDOSRZHUVXSSO\
'HIURVWLQJRIWKHUHIULJHUDWRUFRPSDUWPHQWLV
FRPSOHWHO\DXWRPDWLF
'URSOHWVRIZDWHURQWKHUHDUZDOORIWKHUHIULJHUDWRU
FRPSDUWPHQWLQGLFDWHWKDWWKHSHULRGLFDXWRPDWLFGHIURVW
F\FOHLVLQSURJUHVV
7KHGHIURVWZDWHULVDXWRPDWLFDOO\URXWHGWRDGUDLQRXWOHWDQG
LQWRDFRQWDLQHUIURPZKLFKLWHYDSRUDWHV
&OHDQWKHGHIURVWZDWHUGUDLQRXWOHWUHJXODUO\XVLQJWKHWRRO
VXSSOLHGZLWKWKHDSSOLDQFHLQRUGHUWRHQVXUHGHIURVWZDWHU
LVUHPRYHGFRUUHFWO\
'HIURVWLQJWKHORZWHPSHUDWXUHFRPSDUWPHQW
'HIURVWWKHORZWHPSHUDWXUHFRPSDUWPHQWRQFHRU
WZLFHD\HDURUZKHQWKHLFHIRUPDWLRQLVH[FHVVLYH
,WLVSHUIHFWO\QRUPDOIRULFHWRIRUP7KHDPRXQWRILFH
ZKLFKIRUPVDQGWKHUDWHDWZKLFKLWDFFXPXODWHVZLOO
GHSHQGVRQURRPWHPSHUDWXUHDQGKXPLGLW\DQGRQ
WKHIUHTXHQF\ZLWKZKLFKWKHGRRULVRSHQHG,FH
IRUPDWLRQLVFRQFHQWUDWHGDWWKHWRSRIWKH
FRPSDUWPHQWDQGGRHVQRWDIIHFWWKHHIILFLHQF\RIWKH
DSSOLDQFH
,ISRVVLEOHGHIURVWWKHIUHH]HUZKHQLWLVQHDUO\HPSW\
5HPRYHWKHIRRGIURPWKHIUHH]HUZUDSLQDQHZVSDSHU
DQGJURXSWRJHWKHULQDFRROSODFHRULQDSRUWDEOHFRROHU
/HDYHWKHGRRURSHQWRDOORZWKHIURVWWRPHOW
&OHDQWKHLQWHULRUZLWKDVSRQJHVRDNHGLQZDUPZDWHU
DQGRUQHXWUDOGHWHUJHQW'RQRWXVHDEUDVLYHVXEVWDQFHV
5LQVHWKHLQWHULRUDQGGU\WKRURXJKO\
3XWWKHIRRGEDFNLQWRWKHIUHH]HU
&ORVHWKHGRRU
5HLQVHUWWKHSRZHUSOXJ
6ZLWFKWKHDSSOLDQFHRQ
6gb33082.fm Page 19 Tuesday, September 21, 2004 5:05 PM
&$5($1'0$,17(1$1&(
3HULRGLFDOO\FOHDQDLUYHQWVDQGWKHFRQGHQVHUDWWKHUHDU
RIWKHDSSOLDQFHZLWKDYDFXXPFOHDQHURUDEUXVK
&OHDQWKHRXWVLGHXVLQJDVRIWFORWK
3URORQJHGGLVXVH
(PSW\WKHUHIULJHUDWRU
'LVFRQQHFWWKHDSSOLDQFHIURPWKHSRZHUVXSSO\
'HIURVWDQGFOHDQWKHLQWHULRU
,QWKHHYHQWRISURORQJHGGLVXVHOHDYHWKHGRRURSHQWR
SUHYHQWWKHIRUPDWLRQRIPRXOGRGRXUVDQGR[LGDWLRQ
&OHDQWKHDSSOLDQFH
&OHDQWKHLQVLGHRIWKHORZWHPSHUDWXUHFRPSDUWPHQW
ZKHUHILWWHGZKHQGHIURVWLQJ
3HULRGLFDOO\FOHDQWKHLQVLGHRIWKHUHIULJHUDWRU
FRPSDUWPHQWZLWKDVSRQJHGDPSHQHGLQZDUPZDWHU
DQGRUQHXWUDOGHWHUJHQW5LQVHWKHLQWHULRUDQGGU\ZLWK
DVRIWFORWK'RQRWXVHDEUDVLYHSURGXFWV
&OHDQWKHRXWVLGHZLWKDGDPSFORWK'RQRWXVHDEUDVLYH
SURGXFWVVFRXUHUVVWDLQUHPRYHUVHJDFHWRQH
WULFKORURHWK\OHQHRUYLQHJDU
6gb33082.fm Page 20 Tuesday, September 21, 2004 5:05 PM
7528%/(6+227,1**8,'(
7KHDSSOLDQFHLVQRWZRUNLQJ
,VWKHUHDSRZHUIDLOXUH"
,VWKHSOXJSURSHUO\LQVHUWHGLQWKHVRFNHW"
,VWKHGRXEOHSROHVZLWFKRQ"
+DVWKHIXVHEORZQ"
,VWKHSRZHUFRUGLQSHUIHFWFRQGLWLRQ"
,VWKHWKHUPRVWDWVHWWR●6WRS"
7HPSHUDWXUHLQVLGHWKH
FRPSDUWPHQWVLVQRWORZHQRXJK
,VWKHGRRUVKXWSURSHUO\"
,VIRRGREVWUXFWLQJSURSHUGRRUFORVXUH"
,VWKHDSSOLDQFHLQVWDOOHGQHDUDKHDWVRXUFH"
,VWKHWKHUPRVWDWVHWWLQJFRUUHFW"
$UHWKHDLUFLUFXODWLRQYHQWVEORFNHG"
7HPSHUDWXUHLQVLGHWKHUHIULJHUDWRU
FRPSDUWPHQWLVWRRORZ
7KHDSSOLDQFHLVH[FHVVLYHO\QRLV\
+DVWKHDSSOLDQFHEHHQLQVWDOOHGFRUUHFWO\"
$UHWKHSLSHVDWWKHEDFNWRXFKLQJRU
YLEUDWLQJ"
:DWHUFROOHFWVDWWKHERWWRPRIWKH
UHIULJHUDWRUFRPSDUWPHQW
,VWKHGHIURVWZDWHUGUDLQEORFNHG"
([FHVVLYHIURVWEXLOGXSLQWKHORZ
WHPSHUDWXUHFRPSDUWPHQW
,VWKHGRRUVKXWSURSHUO\"
,VIRRGREVWUXFWLQJSURSHUGRRUFORVXUH"
1RWH
*XUJOLQJDQGKLVVLQJQRLVHVGXHWRH[SDQVLRQ
LQWKHUHIULJHUDQWFLUFXLWDUHQRUPDO
,VWKHWKHUPRVWDWVHWWLQJFRUUHFW"
$)7(56$/(66(59,&(
%HIRUHFRQWDFWLQJ$IWHU6DOHV6HUYLFH
6HHLI\RXFDQVROYHWKHSUREOHP\RXUVHOIZLWK
WKHKHOSRIWKH7URXEOHVKRRWLQJJXLGH
6ZLWFKWKHDSSOLDQFHRQDJDLQWRVHHLIWKH
SUREOHPKDVEHHQVROYHG,ILWKDVQRW
GLVFRQQHFWWKHDSSOLDQFHIURPWKHSRZHU
VXSSO\DQGZDLWIRUDERXWDQKRXUEHIRUH
VZLWFKLQJRQDJDLQ
,IWKHSUREOHPSHUVLVWVDIWHUWKLVFRXUVHRI
DFWLRQFRQWDFW$IWHUVDOHV6HUYLFH
6SHFLI\
WKHQDWXUHRIWKHSUREOHP
WKHPRGHO
WKH6HUYLFHQXPEHUWKHQXPEHUDIWHUWKH
ZRUG6(59,&(RQWKHGDWDSODWHRQWKH
LQVLGHRIWKHDSSOLDQFH
\RXUIXOODGGUHVV
\RXUWHOHSKRQHQXPEHUDQGDUHDFRGH
1RWH
7KHGLUHFWLRQRIGRRURSHQLQJFDQEHFKDQJHG
,IWKLVRSHUDWLRQLVSHUIRUPHGE\$IWHUVDOHV
6HUYLFHLWLVQRWFRYHUHGE\WKHZDUUDQW\
6gb33082.fm Page 21 Tuesday, September 21, 2004 5:05 PM
,167$//$7,21
,QVWDOOWKHDSSOLDQFHDZD\IURPKHDWVRXUFHV,QVWDOODWLRQLQD
KRWHQYLURQPHQWGLUHFWH[SRVXUHWRWKHVXQRULQVWDOODWLRQ
QHDUKHDWVRXUFHVKHDWHUVUDGLDWRUVFRRNHUVZLOOLQFUHDVH
SRZHUFRQVXPSWLRQDQGVKRXOGWKHUHIRUHEHDYRLGHG
,IWKLVLVQRWSRVVLEOHWKHIROORZLQJPLQLPXPGLVWDQFHVPXVW
EHUHVSHFWHG
FPIURPFRDORUSDUDIILQVWRYHV
FPIURPHOHFWULFDQGRUJDVVWRYHV
)LWWKHVSDFHUVLIVXSSOLHGRQWKHUHDURIWKHFRQGHQVHU
SRVLWLRQHGDWWKHEDFNRIWKHDSSOLDQFHVHHILJXUH
7RRSWLPL]HDSSOLDQFHHIILFLHQF\OHDYHDFPJDSDERYHWKH
DSSOLDQFHDQGPDNHVXUHWKDWDGMDFHQWNLWFKHQXQLWVDUH
VXIILFLHQWO\GLVWDQFHGWRDOORZDLUFLUFXODWLRQ
,QVWDOOWKHDSSOLDQFHLQDGU\ZHOOYHQWLODWHGSODFHDQG
HQVXUHLWLVOHYHOXVLQJWKHIURQWDGMXVWPHQWIHHWLIQHFHVVDU\
&OHDQWKHLQWHULRU
)LWWKHDFFHVVRULHV
(OHFWULFDOFRQQHFWLRQ
(OHFWULFDOFRQQHFWLRQVPXVWEHPDGHLQDFFRUGDQFH
ZLWKORFDOUHJXODWLRQV
9ROWDJHDQGSRZHUFRQVXPSWLRQDUHLQGLFDWHGRQWKHUDWLQJ
SODWHLQVLGHWKHDSSOLDQFH
5HJXODWLRQVUHTXLUHWKDWWKHDSSOLDQFHLVHDUWKHG
7KHPDQXIDFWXUHUGHFOLQHVDOOOLDELOLW\IRULQMXU\WR
SHUVRQVRUDQLPDOVDQGIRUGDPDJHWRSURSHUW\
UHVXOWLQJIURPIDLOXUHWRREVHUYHWKHDERYH
SURFHGXUHVDQGUHPLQGHUV
,IWKHSOXJDQGVRFNHWDUHQRWRIWKHVDPHW\SHKDYHWKH
VRFNHWUHSODFHGE\DTXDOLILHGHOHFWULFLDQ
'RQRWXVHH[WHQVLRQOHDGVRUDGDSWRUV
'LVFRQQHFWLQJWKHDSSOLDQFH
,WPXVWEHSRVVLEOHWRGLVFRQQHFWWKHDSSOLDQFHE\XQSOXJJLQJLW
RUE\PHDQVRIDWZRSROHVZLWFKILWWHGXSOLQHRIWKHVRFNHW
6gb33082.fm Page 22 Tuesday, September 21, 2004 5:05 PM
(/(&75,&$/&211(&7,21
)RU*UHDW%ULWDLQRQO\
:DUQLQJWKLVDSSOLDQFHPXVWEHHDUWKHG
)XVHUHSODFHPHQW
,IWKHPDLQVOHDGRIWKLVDSSOLDQFHLVILWWHGZLWKD%6$
DPSIXVHGSOXJWRFKDQJHDIXVHLQWKLVW\SHRISOXJXVHDQ
$67$DSSURYHGIXVHWR%6W\SHDQGSURFHHGDV
IROORZV
5HPRYHWKHIXVHFRYHU$DQGIXVH%
)LWUHSODFHPHQW$IXVHLQWRIXVHFRYHU
5HILWERWKLQWRSOXJ
,PSRUWDQW
7KHIXVHFRYHUPXVWEHUHILWWHGZKHQFKDQJLQJDIXVHDQGLI
WKHIXVHFRYHULVORVWWKHSOXJPXVWQRWEHXVHGXQWLODFRUUHFW
UHSODFHPHQWLVILWWHG
&RUUHFWUHSODFHPHQWDUHLGHQWLILHGE\WKHFRORXULQVHUWRUWKH
FRORXUHPERVVHGLQZRUGVRQWKHEDVHRIWKHSOXJ
5HSODFHPHQWIXVHFRYHUVDUHDYDLODEOHIURP\RXUORFDO
HOHFWULFDOVWRUH
)RUWKH5HSXEOLFRI,UHODQGRQO\
7KHLQIRUPDWLRQJLYHQLQUHVSHFWRI*UHDW%ULWDLQZLOO
IUHTXHQWO\DSSO\EXWDWKLUGW\SHRISOXJDQGVRFNHWLVDOVR
XVHGWKH
SLQVLGHHDUWKW\SH
6RFNHWRXWOHWSOXJYDOLGIRUERWKFRXQWULHV
,IWKHILWWHGSOXJLVQRWVXLWDEOHIRU\RXUVRFNHWRXWOHWSOHDVH
FRQWDFW:KLUOSRRO6HUYLFHIRUIXUWKHULQVWUXFWLRQ3OHDVHGR
QRWDWWHPSWWRFKDQJHSOXJ\RXUVHOI7KLVSURFHGXUHQHHGVWR
EHFDUULHGRXWE\DTXDOLILHG:KLUOSRROWHFKQLFLDQLQ
FRPSOLDQFHZLWKWKHPDQXIDFWXUHVLQVWUXFWLRQVDQGFXUUHQW
VWDQGDUGVDIHW\UHJXODWLRQV
">
