Ylrp Fmnstruft`mn Fmrp. v. Eanfm J`k`p`nm Vav`nos O.U. Nm. 551??1, Vlptldelr 17, 5310

IMFYU@NL8   A  A fmrpmrat`mn's rlplatli paydlnt mj an akkloliky unautgmr`zli mek`oat`mn fmntraftli ey mnl
(1) mj `ts mjj`flrs ljjlft`vlky rat`j`ls tgat fmrpmratl mjj`flr's akkloliky unautgmr`zli aft.|
aft. |

JAFYV8 Ylrp Fmnstruft`mn pkannli tm ilvlkmp a gmus`no prmhlft fakkli tgl Daroar`ta Lastv`kkl ani a
JAFYV8
fmnimd`n`ud fakkli Daroar`ta Skaza ani tm j`nanfl tgl gmus`no prmhlfts, Ylrp Fmnstruft`mn, Gmdl

@nsuranfl Ouaranty Fmrpmrat`mn, ani Skantlrs Eanb aorlli tm ra`sl junis tgrmuog tgl `ssuanfl mj emnis
wmrtg S933 d`kk`mn fakkli tgl Daroar`ta Emnis ani lntlrli `ntm a Fmntraft mj Ouaranty `n wg`fg tgly
aorlli tgat Ylrp Fmnstruft`mn wmuki slkk tgl Daroar`ta Emnis ani fmnvly tgl junis olnlratli `ntm an
asslt pmmk nadli tgl Daroar`ta Asslt Smmk Jmrdat`mn ani Yrust Aorlldlnt. Ylrp Fmnstruft`mn eloan
fmnstruft`no Daroar`ta Lastv`kkl ani Daroar`ta Skaza. _gln tgl Daroar`ta Emnis daturli, tgl junis `n
tgl asslt pmmk wlrl `nsujj`f`lnt tm pay tgl emni gmkilrs. Sursuant tm tgl Fmntraft mj Ouaranty, Skantlrs
Eanb fmnvlyli tgl asslt pmmk junis tm Gmdl @nsuranfl Ouaranty Fmrpmrat`mn, wg`fg tgln pa`i Eanfm
J`k`p`nm `ntlrlst larn`nos mj 7.<% plr ylar. Eanfm J`k`p`nm, gmwlvlr, slnt Ylrp Fmnstruft`mn a ildani
klttlr iatli Hanuary 61, 5331, akklo`no tgat `t was lnt`tkli tm a 1<.<% `ntlrlst mn `ts `nvlstdlnt ani tgat
as mj Huky 1, 5331,
5 331, `t was lnt`tkli tm a ?% rlda`n`no unpa`i `ntlrlst mj S17,139,961.66. Ylrp Fmnstruft`mn
rljusli tm pay tgl ildanili `ntlrlst. Slt`t`mnlr j`kli a Fmdpka`nt jmr ilfkarat`mn mj nukk`ty mj `ntlrlst,
iadaols, ani attmrnly's jlls aoa`nst EanfmJ`k`p`nm. @t akkloli tgat `t mnky aorlli tm pay tgl ?% aii`t`mnak
`ntlrlst mn tgl fmni`t`mn tgat akk tgl asslt pmmk junis wmuki el rlklasli tm Ylrp Fmnstruft`mn jmr `t tm pay
tgl aii`t`mnak `ntlrlst. Gmwlvlr, `t fmuki nmt gavl pa`i tgl aii`t`mnak `ntlrlst s`nfl tgl junis mj tgl asslt
pmmk wlrl nlvlr rlklasli tm `t. Ygl UYF `ssuli a Ilf`s`mn `n javmr mj Ylrp Fmnstruft`mn ani jmuni tgat
tglrl was nm lv`ilnfl tm sgmw tgat Ylrp Fmnstruft`mn was mek`oatli tm pay tgl `ntlrlst i`jjlrlnt`aks, ani
tgat tgl afts mj Lsfakmna, tgl sln`mr ZS, wlrl nmt e`ni`no mn tgl fmrpmrat`mn s`nfl tgly wlrl nmt rat`j`li.
Mn Mftmelr 1:, 5319, tgl Fmurt mj Applaks rlnilrli a Ilf`s`mn sltt`no as`il tgl UYF‐s Ilf`s`mn ani
mrilrli Ylrp Fmnstruft`mn tm pay Eanfm J`k`p`nm `ntlrlst i`jjlrlnt`aks mj S17,139,961.66. Slt`t`mnlr j`kli a
Dmt`mn jmr Ulfmns`ilrat`mn eut was iln`li.

@VV\L8 _/N tgl Fmurt mj Applaks lrrli `n ruk`no tgat Ylrp Fmnstruft`mn Fmrpmrat`mn lxprlssky aorlli tm
el emuni tm rlspmnilnt EanfmJ`k`p`nm jmr aii`t`mnak `ntlrlst `n tgl emnis `t purfgasli.

GLKI8 Nm. A
Nm. A fmrpmrat`mn lxlrf`sls `ts fmrpmratl pmwlrs tgrmuog `ts emari mj i`rlftmrs. Yg`s pmwlr day
el vak`iky ilkloatli tm `ts mjj`flrs, fmdd`ttlls, mr aolnf`ls. Ygl autgmr`ty mj tgl emari mj i`rlftmrs tm
ilkloatl `ts fmrpmratl pmwlrs day l`tglr el8 (1) aftuak2 mr (5) apparlnt. Aftuak autgmr`ty day el lxprlss
mr `dpk`li. Lxprlss aftuak autgmr`ty rljlrs tm tgl fmrpmratl pmwlrs lxprlssky ilkloatli ey tgl emari mj 
i`rlftmrs. @dpk`li aftuak autgmr`ty, mn tgl mtglr gani, "fan el dlasurli ey g`s mr glr pr`mr afts wg`fg
gavl
gav l ell
ellnn rat`j`
rat`j`li
li ey tgl fmr
fmrpmr
pmrat`
at`mn
mn mr wgm
wgmsl
sl eln
elnlj`
lj`ts
ts gavl
gavl ell
elln n afflpt
afflptlili ey tgl fmrpmr
fmrpmrat`
at`mn.
mn.
Slt`t`mnlr's sueslqulnt aft mj tw`fl pay`no tgl aii`t`mnak `ntlrlst Lsfakmna fmdd`ttli iur`no tgl tlrd mj 
tgl Daroar`ta Emnis `s fmns`ilrli a rat`j`fat`mn mj Lsfakmna's afts. Ulspmnilnt rlk`li mn Lsfakmna's
apparlnt autgmr`ty tm prmd`sl `ntlrlst paydlnts mvlr ani aemvl tgl ouarantlli 7.<%, fmns`ilr`no tgat
Lsfakmna was plt`t`mnlr's tgln sln`mr v`fl prls`ilnt. G`s apparlnt autgmr`ty was jurtglr ildmnstratli ey
plt`t`mnlr pay`no rlspmnilnt wgat Lsfakmna prmd`sli iur`no tgl Daroar`ta Emnis' tlrd. @t sgmuki k`blw`sl
el nmtli tgat at tgl t`dl tg`s Slt`t`mn was j`kli, Lsfakmna s`onli tgl Zlr`j`fat`mn ani Flrt`j`fat`mn as tgl
prls`ilnt mj tgl fmrpmrat`mn, s`on`jy`no tgat plt`t`mnlr i`i nmt fmns`ilr g`s akkloli unautgmr`zli afts as
jatak tm g`s fmnt`nuli `nvmkvldlnt `n fmrpmratl ajja`rs. _glrljmrl, Slt`t`mnlr `s mrilrli tm pay rlspmnilnt
tgl admunt mj S17,139,961.66 w`tg kloak `ntlrlst mj 15% tm el fmdputli jrmd Hanuary 61, 5331 unt`k
Hunl 63, 5316 ani :% jrmd Huky 1, 5316 unt`k `ts jukk sat`sjaft`mn.