Download as pdf or txt
Download as pdf or txt
You are on page 1of 5

)URP E  

7R E   *,''(16*5(*25 $'$0652:'< E  E  


)/2660$1/25(1 6(/)-())5(< 
&F E   
 
6XEMHFW 5(6:%0DSV
'DWH :HGQHVGD\)HEUXDU\$0
,PSRUWDQFH +LJK

6%,

6RUU\EXWWKLVLVQRWZKDW%RUGHU3DWUROQHHGHG

7REHFRQVLVWHQWZLWKWKH<XPDGHPRPDSVWKDW6%,JHQHUDWHG DQGZH
UHQRZZRUNLQJRIIRI %3
QHHGVWKHPDSV )<&XUUHQW&<DQG)XWXUH IRU5*9/DUHGR'HO5LR0DUID(O&HQWURDQG
6DQ'LHJR6HFWRUV $QGWKH\QHHGWKHVHLPPHGLDWHO\DVWKH\KDYHDORWRIZRUNWRGRRQWKHPWKDW
LQFOXGHVFRRUGLQDWLQJZLWKWKH6HFWRUV

7RHQVXUHHYHU\RQHXQGHUVWDQGVWKHWDVNLQJ6%,LVVXSSRVHGWREHGRLQJWKHHQWLUHPDSV 7,7HFK
HWF IRU<XPD7XFVRQDQG(O3DVR6HFWRUV%RUGHU3DWUROZLOOUHYLHZWKRVHEHIRUHILQDOL]LQJEXWWKH\
ZRQ
WGHYHORSWKHP

7KDQNVDQGOHWPHNQRZLI\RXKDYHDQ\TXHVWLRQV

E  

2ULJLQDO0HVVDJH
)URP E  
6HQW7XHVGD\)HEUXDU\30
7R*,''(16*5(*25<
$'$0652:'<'
 E   )/2660$1/25(1
:6(/)-())5(<'
&F E  

6XEMHFW):6:%0DSV

$OO

$WWDFKHGDUHWKHILUVWVHWRI6:%PDSVE\VHFWRU HPDLORI 

)RU3)ZHGRQRWFXUUHQWO\KDYHWKHGDWDVHJPHQWHGE\)<RU&<RQO\E\SURMHFW
SUH3) DOOOHJDF\IHQFHSULRUWR-XO\ 
3) VWDUWLQJLQ-XO\ 
3) 6HSWWKURXJKSUHVHQW 
7KH*,6VKRSVZLOOEHZRUNLQJRQVHJPHQWLQJWKHGDWDE\)< &<IRUIXWXUHXVH

)RU9)ZHGRQRWKDYHDQ\GDWDVHJPHQWHGE\)<RU&<RQO\SODQQHG H[LVWLQJ7KH2%3*,6VKRS
LVFXUUHQWO\ZRUNLQJWKURXJKDGGLQJFRQVWUXFWHGGDWHVLQWRWKHGDWDVHW)RUSODQQHG9)DOWKRXJKZH
KDYHWHQWDWLYHO\LGHQWLILHGVHJPHQWVSODQQHGWREHEXLOWE\WKHHQGRI&<9)KDVQRW\HWEHHQ
EDVHOLQHG PHHWLQJWRUHYLHZSURSRVHGEDVHOLQHLVVFKHGXOHGIRU)HE DQGVRWKH*,6GDWDLVQRW\HW
VHJPHQWHGEHWZHHQSODQQHGE\&<DQGSODQQHGHQGVWDWH7KLVVKRXOGEHGRQHE\PLG
)HEUXDU\

5RZG\ E  SOHDVHOHWXVNQRZLI\RXFRQFXUZLWKWKHVHPDSVDQGIRUZDUGWRWKH&RPPLVVLRQHU
V
2IILFH 

7KDQNV
E  
%XVLQHVV0DQDJHU2SHUDWLRQV
6%,7DFWLFDO,QIUDVWUXFWXUH3URJUDP 3)9)
86&XVWRPVDQG%RUGHU3URWHFWLRQ
E  

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

)URP E  
6HQW0RQGD\)HEUXDU\30
7R*,''(16*5(*25<$'$0652:'<' E  
6XEMHFW

&KDVDGYLVHGWKDWKHZRXOGOLNHWKHUHPDLQLQJPDSVWKLVZHHN

:KDW,WKLQNZHVKRXOGGRLVKDYH6%,SUHSDUHWKHHQWLUHPDSVIRUWKH7XFVRQDQG(O3DVR6HFWRUV DV
\RXGLGWKH<XPD6HFWRU 7KHQIRUWKHIXOO6:%PDSDQGPDSVIRUUHPDLQLQJVHFWRUV WKRVHIRUZKLFK
ZHGRQ
WKDYHWHFKQRORJ\OD\GRZQ\HW LI6%,OD\VRXWWKH7,RQWKHPDSV,
PJRLQJWRKDQGWKHP
RYHUWR%3WRILOOLQWKHLUVWUDWHJ\IRUFRQWUROOLQJWKHERUGHUEH\RQG7,6RZH
OOQHHGWRJHWDOOEXWWKH
78&DQG(/3PDSVIURP6%,$6$3

'RQ¶WZHDOUHDG\KDYHWKHSHGHVWULDQIHQFLQJOD\GRZQLQWKHPDSV E   ZDONHG6WKURXJK
EDFNLQ'HFHPEHU"

2ULJLQDO0HVVDJH
)URP*,''(16*5(*25<
6HQW6DWXUGD\)HEUXDU\$0
7R E   $'$0652:'<' E  
6XEMHFW5H)HHGEDFNIURP&RQ6%,FKDUWV

6XSHU:HFDQOD\RXWWKH7,RQWKH6:%LWLVWKHWRZHUORFDWLRQDQGQXPEHUVWKDWQHHGDORWRI
HQJLQHHULQJZRUN

7KDQNV

*UHJ*
2ULJLQDO0HVVDJH

)URP E  

7R*,''(16*5(*25<$'$0652:'<' E  

6HQW6DW)HE

6XEMHFW5H)HHGEDFNIURP&RQ6%,FKDUWV

+L*UHJ5HWKH&<&<PDSLVVXHZRXOGLWZRUNLILQVWHDGRIUHSODFLQJWKH1HDU7HUPPDSZH
MXVWLQVHUWDQRWKHUPDSWKDW
VIRU&<DQGH[FOXGHVDOOEXWWKHRI5596WRZHUV\RXWKLQN\RX
OOKDYH
GHSOR\HGE\WKHHQGRI&<"

$VIRUGHDGOLQHZHFDQVHWLWIRUZHHNV,I,KHDUGLIIHUHQWIURP&,
OOOHW\RXNQRZ

5HPDSVIRUWKHVHFWRUVZKHUH\RXGRQ
WKDYHGHWDLOV\HW,WKLQNDQRWLRQDOPDSWKDWMXVWLGHQWLILHV7,
QDWXUDOEDUULHUVDQGJHQHUDODUHDVWKDWZH
UHORRNLQJWRVHFXUHZLWKUDGDUDQGRUFDPHUDFRYHUDJH
ZRXOGEHMXVWILQH

2ULJLQDO0HVVDJH

)URP*,''(16*5(*25<

7R E   $'$0652:'<' E  

6HQW6DW)HE

6XEMHFW5()HHGEDFNIURP&RQ6%,FKDUWV

E 


7KDQNVIRU\RXUKHOSDQGIHHGEDFNIURP&7KHWHFKQRORJ\OD\GRZQZLOOQRWKDSSHQXQWLO&<$OVR
ZHZLOOQRWKDYHDQ\WHFKQRORJ\OD\GRZQ WRZHUSODFHPHQW IRUDQ\WKLQJEH\RQG$=DQG(O3DVRIRUD
ORQJWLPHVRPHWLPHLQWR&<:HGRWKHOD\GRZQLQDVVRFLDWLRQZLWKSUHSDULQJWRGHSOR\WRWKHQH[W
VHFWRU:HFDQGRDQRWLRQDOWHFKQRORJ\RYHUOD\EXWWKHQXPEHURIWRZHUVDQGSODFHPHQWZLOOQRWEH
FRPSOHWHG

1H[WZHHNLVFUD]\ZLWKDOOWKHEXGJHWDQG+LOOYLVLWV:RXOGOLNHWRKDYHWZRZHHNVIRUWKHQH[WURXQG
RIPDSV:HFDQSURYLGHWKHPDVWKH\DUHGHYHORSHG
7KDQNV

*UHJ*

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

)URP E  

6HQW)ULGD\)HEUXDU\30

7R*,''(16*5(*25<$'$0652:'<' E  

6XEMHFW)HHGEDFNIURP&RQ6%,FKDUWV

+HOLNHGWKHP2QO\FKDQJHKHZRXOGOLNHWRPDNHLVLQVWHDGRIFDOOLQJWKHUGFKDUW³1HDU7HUP´KDYH
LWUHIOHFWSODQQHG³(QGRI&<´OD\GRZQ+HZRXOGOLNHFKDUWVOLNHWKHVHIRUWKHUHPDLQGHURIWKH
ERUGHUDQGZRXOGDOVROLNHDVHWRIPDSVIRUWKHHQWLUH6:%DWDPXFKVPDOOHUOHYHORIGHWDLO+HGLGQ¶W
VSHFLI\DGDWHEXWJLYHQKLVGHVLUHGWXUQDURXQGRQWKLVSURGXFW,H[SHFWKHLVJRLQJWRZDQWWKHP
VRRQ OLNHWKHHQGRIQH[WZHHN :LWK¶KLOOEXGJHWEULHILQJVDQGKHDULQJVFRPLQJXSWKHVHZRXOG
EHJRRGWRKDYH,NQRZ6DOVRPHQWLRQHGWKHQHHGIRUVRPHWKLQJOLNHWKHVHPDSVWRKLPWRGD\VR
KH¶VSDUWLFXODUO\DQ[LRXVWRJHWWKHPGRQH

,XQGHUVWDQGIURP5RZG\WKDWSODQQHGWHFKQRORJ\OD\GRZQLQIRLVFXUUHQWO\RQO\DYDLODEOHIRU7XFVRQ
<XPDDQG1HZ0H[LFRDQGWKDWLWZRXOGWDNHDZKLOHWRFRPSOHWHWKRVHDVVHVVPHQWVIRUWKHUHPDLQLQJ
VHFWRUV3HUKDSVZHFDQPHHW0RQGD\PRUQLQJWRWDONDERXWKRZEHVWWRSRUWUD\WKHPDSVIRUWKRVH
DUHDV",WZRXOGEHJUHDWLIZHKDGWKLVPDSDVZHOODVDGUDIWRIDQHQWLUH6:%VWUDWHJLFOHYHOVHWRI
PDSVIRUWKH7XHVGD\6PDOO*URXS(6&IRUWKHJURXSWRUHYLHZGLVFXVV«

$OVRFDQ\RXVHQGFRSLHVRIWKHFKDUWWRPH ,JDYH&WKHRQO\FRS\,KDG«VRUU\ DQG-HII6HOI",


ZDQWWRPDNHVXUHWKDW2%3LVLQWKHORRSRQWKHGHYHORSPHQWRIWKHVHPDSVDV,WKLQNWKH\ WKH
PDSV ZLOOEHXVHGDVDWRROWRLOOXVWUDWHKRZZHSODQWRJDLQRSHUDWLRQDOFRQWURORIWKHERUGHUWKURXJK
WKHGHSOR\PHQWRIWDFWLFDOLQIUDVWUXFWXUHWHFKQRORJ\SHRSOHDQGRWKHUDVVHWV OLNHDLUFUDIWKHORV8$6
±DQGREYLRXVO\%3QHHGVWREHLQRQWKDW

7KDQNVDQGVRUU\IRUWKHDGGLWLRQDOZRUNEXWDWOHDVWZH¶UHKHDGLQJRQWKHULJKWWUDFN

+DYHDQLFHZHHNHQG

E 


You might also like