6$)(7<'$7$6+((7

/8;2/:+,7(

6HFWLRQ,GHQWLILFDWLRQ
*+6SURGXFWLGHQWLILHU  /8;2/:+,7(
2WKHUPHDQVRI  1RWDYDLODEOH
LGHQWLILFDWLRQ
3URGXFWW\SH  /LTXLG

5HOHYDQWLGHQWLILHGXVHVRIWKHVXEVWDQFHRUPL[WXUHDQGXVHVDGYLVHGDJDLQVW
1RWDSSOLFDEOH

6XSSOLHU
VGHWDLOV 
%HUJHU3DLQWV6LQJDSRUH
3ULYDWH/LPLWHG
%HQRL6HFWRU
6LQJDSRUH
7HO
)D[

(PHUJHQF\WHOHSKRQH  6LQJDSRUH
QXPEHUZLWKKRXUVRI 
RSHUDWLRQ

6HFWLRQ+D]DUGVLGHQWLILFDWLRQ
&ODVVLILFDWLRQRIWKH  )/$00$%/(/,48,'6&DWHJRU\
VXEVWDQFHRUPL[WXUH
3HUFHQWDJHRIWKHPL[WXUHFRQVLVWLQJRILQJUHGLHQWVRIXQNQRZQWR[LFLW\
3HUFHQWDJHRIWKHPL[WXUHFRQVLVWLQJRILQJUHGLHQWVRIXQNQRZQKD]DUGVWRWKH
DTXDWLFHQYLURQPHQW

*+6ODEHOHOHPHQWV
+D]DUGSLFWRJUDPV 

6LJQDOZRUG  :DUQLQJ
+D]DUGVWDWHPHQWV  )ODPPDEOHOLTXLGDQGYDSRU
3UHFDXWLRQDU\VWDWHPHQWV
*HQHUDO  5HDGODEHOEHIRUHXVH.HHSRXWRIUHDFKRIFKLOGUHQ,IPHGLFDODGYLFHLVQHHGHG
KDYHSURGXFWFRQWDLQHURUODEHODWKDQG
3UHYHQWLRQ  :HDUSURWHFWLYHJORYHV:HDUH\HRUIDFHSURWHFWLRQ.HHSDZD\IURPKHDWVSDUNV
RSHQIODPHVDQGKRWVXUIDFHV1RVPRNLQJ8VHH[SORVLRQSURRIHOHFWULFDO
YHQWLODWLQJOLJKWLQJDQGDOOPDWHULDOKDQGOLQJHTXLSPHQW8VHRQO\QRQVSDUNLQJ
WRROV7DNHSUHFDXWLRQDU\PHDVXUHVDJDLQVWVWDWLFGLVFKDUJH.HHSFRQWDLQHU
WLJKWO\FORVHG
5HVSRQVH  ,)216.,1RUKDLU7DNHRIILPPHGLDWHO\DOOFRQWDPLQDWHGFORWKLQJ5LQVHVNLQ
ZLWKZDWHURUVKRZHU
6WRUDJH  6WRUHLQDZHOOYHQWLODWHGSODFH.HHSFRRO
'LVSRVDO  'LVSRVHRIFRQWHQWVDQGFRQWDLQHULQDFFRUGDQFHZLWKDOOORFDOUHJLRQDOQDWLRQDO
DQGLQWHUQDWLRQDOUHJXODWLRQV

'DWHRILVVXH'DWHRIUHYLVLRQ   'DWHRISUHYLRXVLVVXH  1RSUHYLRXVYDOLGDWLRQ 9HUVLRQ  

/8;2/:+,7(

6HFWLRQ+D]DUGVLGHQWLILFDWLRQ
2WKHUKD]DUGVZKLFKGRQRW  1RQHNQRZQ
UHVXOWLQFODVVLILFDWLRQ

6HFWLRQ&RPSRVLWLRQLQIRUPDWLRQRQLQJUHGLHQWV
6XEVWDQFHPL[WXUH  0L[WXUH
2WKHUPHDQVRI  1RWDYDLODEOH
LGHQWLILFDWLRQ

&$6QXPEHURWKHULGHQWLILHUV
&$6QXPEHU  1RWDSSOLFDEOH
(&QXPEHU  0L[WXUH
3URGXFWFRGH  6*)$;;;;;
,QJUHGLHQWQDPH  &$6QXPEHU
WLWDQLXPGLR[LGH  
QDSKWKDSHWUROHXPK\GURGHVXOIXUL]HGKHDY\  
7KHUHDUHQRDGGLWLRQDOLQJUHGLHQWVSUHVHQWZKLFKZLWKLQWKHFXUUHQWNQRZOHGJHRIWKHVXSSOLHUDQGLQWKH
FRQFHQWUDWLRQVDSSOLFDEOHDUHFODVVLILHGDVKD]DUGRXVWRKHDOWKRUWKHHQYLURQPHQWDQGKHQFHUHTXLUH
UHSRUWLQJLQWKLVVHFWLRQ
2FFXSDWLRQDOH[SRVXUHOLPLWVLIDYDLODEOHDUHOLVWHGLQ6HFWLRQ
&KHPLFDOIRUPXOD  1RWDSSOLFDEOH

6HFWLRQ)LUVWDLGPHDVXUHV
'HVFULSWLRQRIQHFHVVDU\ILUVWDLGPHDVXUHV
(\HFRQWDFW  ,PPHGLDWHO\IOXVKH\HVZLWKSOHQW\RIZDWHURFFDVLRQDOO\OLIWLQJWKHXSSHUDQGORZHU
H\HOLGV&KHFNIRUDQGUHPRYHDQ\FRQWDFWOHQVHV&RQWLQXHWRULQVHIRUDWOHDVW
PLQXWHV*HWPHGLFDODWWHQWLRQLILUULWDWLRQRFFXUV
,QKDODWLRQ  5HPRYHYLFWLPWRIUHVKDLUDQGNHHSDWUHVWLQDSRVLWLRQFRPIRUWDEOHIRUEUHDWKLQJ
,IQRWEUHDWKLQJLIEUHDWKLQJLVLUUHJXODURULIUHVSLUDWRU\DUUHVWRFFXUVSURYLGH
DUWLILFLDOUHVSLUDWLRQRUR[\JHQE\WUDLQHGSHUVRQQHO,WPD\EHGDQJHURXVWRWKH
SHUVRQSURYLGLQJDLGWRJLYHPRXWKWRPRXWKUHVXVFLWDWLRQ*HWPHGLFDODWWHQWLRQLI
DGYHUVHKHDOWKHIIHFWVSHUVLVWRUDUHVHYHUH,IXQFRQVFLRXVSODFHLQUHFRYHU\
SRVLWLRQDQGJHWPHGLFDODWWHQWLRQLPPHGLDWHO\0DLQWDLQDQRSHQDLUZD\/RRVHQ
WLJKWFORWKLQJVXFKDVDFROODUWLHEHOWRUZDLVWEDQG
6NLQFRQWDFW  )OXVKFRQWDPLQDWHGVNLQZLWKSOHQW\RIZDWHU5HPRYHFRQWDPLQDWHGFORWKLQJDQG
VKRHV*HWPHGLFDODWWHQWLRQLIV\PSWRPVRFFXU:DVKFORWKLQJEHIRUHUHXVH
&OHDQVKRHVWKRURXJKO\EHIRUHUHXVH
,QJHVWLRQ  :DVKRXWPRXWKZLWKZDWHU5HPRYHGHQWXUHVLIDQ\5HPRYHYLFWLPWRIUHVKDLU
DQGNHHSDWUHVWLQDSRVLWLRQFRPIRUWDEOHIRUEUHDWKLQJ,IPDWHULDOKDVEHHQ
VZDOORZHGDQGWKHH[SRVHGSHUVRQLVFRQVFLRXVJLYHVPDOOTXDQWLWLHVRIZDWHUWR
GULQN6WRSLIWKHH[SRVHGSHUVRQIHHOVVLFNDVYRPLWLQJPD\EHGDQJHURXV'RQRW
LQGXFHYRPLWLQJXQOHVVGLUHFWHGWRGRVRE\PHGLFDOSHUVRQQHO,IYRPLWLQJRFFXUV
WKHKHDGVKRXOGEHNHSWORZVRWKDWYRPLWGRHVQRWHQWHUWKHOXQJV*HWPHGLFDO
DWWHQWLRQLIDGYHUVHKHDOWKHIIHFWVSHUVLVWRUDUHVHYHUH1HYHUJLYHDQ\WKLQJE\
PRXWKWRDQXQFRQVFLRXVSHUVRQ,IXQFRQVFLRXVSODFHLQUHFRYHU\SRVLWLRQDQGJHW
PHGLFDODWWHQWLRQLPPHGLDWHO\0DLQWDLQDQRSHQDLUZD\/RRVHQWLJKWFORWKLQJVXFK
DVDFROODUWLHEHOWRUZDLVWEDQG

0RVWLPSRUWDQWV\PSWRPVHIIHFWVDFXWHDQGGHOD\HG
3RWHQWLDODFXWHKHDOWKHIIHFWV
(\HFRQWDFW  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV
,QKDODWLRQ  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV

'DWHRILVVXH'DWHRIUHYLVLRQ   'DWHRISUHYLRXVLVVXH  1RSUHYLRXVYDOLGDWLRQ 9HUVLRQ  

/8;2/:+,7(

6HFWLRQ)LUVWDLGPHDVXUHV
6NLQFRQWDFW  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV
,QJHVWLRQ  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV
2YHUH[SRVXUHVLJQVV\PSWRPV
(\HFRQWDFW  1RVSHFLILFGDWD
,QKDODWLRQ  1RVSHFLILFGDWD
6NLQFRQWDFW  1RVSHFLILFGDWD
,QJHVWLRQ  1RVSHFLILFGDWD

,QGLFDWLRQRILPPHGLDWHPHGLFDODWWHQWLRQDQGVSHFLDOWUHDWPHQWQHHGHGLIQHFHVVDU\
1RWHVWRSK\VLFLDQ  7UHDWV\PSWRPDWLFDOO\&RQWDFWSRLVRQWUHDWPHQWVSHFLDOLVWLPPHGLDWHO\LIODUJH
TXDQWLWLHVKDYHEHHQLQJHVWHGRULQKDOHG
6SHFLILFWUHDWPHQWV  1RVSHFLILFWUHDWPHQW
3URWHFWLRQRIILUVWDLGHUV  1RDFWLRQVKDOOEHWDNHQLQYROYLQJDQ\SHUVRQDOULVNRUZLWKRXWVXLWDEOHWUDLQLQJ,W
PD\EHGDQJHURXVWRWKHSHUVRQSURYLGLQJDLGWRJLYHPRXWKWRPRXWKUHVXVFLWDWLRQ

6HHWR[LFRORJLFDOLQIRUPDWLRQ6HFWLRQ

6HFWLRQ)LUHILJKWLQJPHDVXUHV
([WLQJXLVKLQJPHGLD
6XLWDEOHH[WLQJXLVKLQJ 
PHGLD
8QVXLWDEOHH[WLQJXLVKLQJ 
PHGLD
6SHFLILFKD]DUGVDULVLQJ 
IURPWKHFKHPLFDO
+D]DUGRXVWKHUPDO 
GHFRPSRVLWLRQSURGXFWV
6SHFLDOSURWHFWLYHDFWLRQV 
IRUILUHILJKWHUV
6SHFLDOSURWHFWLYH 
8VHGU\FKHPLFDO&2ЕZDWHUVSUD\IRJRUIRDP
'RQRWXVHZDWHUMHW
)ODPPDEOHOLTXLGDQGYDSRU,QDILUHRULIKHDWHGDSUHVVXUHLQFUHDVHZLOORFFXU
DQGWKHFRQWDLQHUPD\EXUVWZLWKWKHULVNRIDVXEVHTXHQWH[SORVLRQ5XQRIIWR
VHZHUPD\FUHDWHILUHRUH[SORVLRQKD]DUG)LUHZDWHUFRQWDPLQDWHGZLWKWKLV
PDWHULDOPXVWEHFRQWDLQHGDQGSUHYHQWHGIURPEHLQJGLVFKDUJHGWRDQ\ZDWHUZD\
VHZHURUGUDLQ
'HFRPSRVLWLRQSURGXFWVPD\LQFOXGHWKHIROORZLQJPDWHULDOV
FDUERQGLR[LGH
FDUERQPRQR[LGH
PHWDOR[LGHR[LGHV
3URPSWO\LVRODWHWKHVFHQHE\UHPRYLQJDOOSHUVRQVIURPWKHYLFLQLW\RIWKHLQFLGHQWLI
WKHUHLVDILUH1RDFWLRQVKDOOEHWDNHQLQYROYLQJDQ\SHUVRQDOULVNRUZLWKRXW
VXLWDEOHWUDLQLQJ0RYHFRQWDLQHUVIURPILUHDUHDLIWKLVFDQEHGRQHZLWKRXWULVN
8VHZDWHUVSUD\WRNHHSILUHH[SRVHGFRQWDLQHUVFRRO
)LUHILJKWHUVVKRXOGZHDUDSSURSULDWHSURWHFWLYHHTXLSPHQWDQGVHOIFRQWDLQHG
HTXLSPHQWIRUILUHILJKWHUV EUHDWKLQJDSSDUDWXV6&%$ZLWKDIXOOIDFHSLHFHRSHUDWHGLQSRVLWLYHSUHVVXUH
PRGH

6HFWLRQ$FFLGHQWDOUHOHDVHPHDVXUHV
3HUVRQDOSUHFDXWLRQVSURWHFWLYHHTXLSPHQWDQGHPHUJHQF\SURFHGXUHV
)RUQRQHPHUJHQF\  1RDFWLRQVKDOOEHWDNHQLQYROYLQJDQ\SHUVRQDOULVNRUZLWKRXWVXLWDEOHWUDLQLQJ
SHUVRQQHO (YDFXDWHVXUURXQGLQJDUHDV.HHSXQQHFHVVDU\DQGXQSURWHFWHGSHUVRQQHOIURP
HQWHULQJ'RQRWWRXFKRUZDONWKURXJKVSLOOHGPDWHULDO6KXWRIIDOOLJQLWLRQVRXUFHV
1RIODUHVVPRNLQJRUIODPHVLQKD]DUGDUHD$YRLGEUHDWKLQJYDSRURUPLVW
3URYLGHDGHTXDWHYHQWLODWLRQ:HDUDSSURSULDWHUHVSLUDWRUZKHQYHQWLODWLRQLV
LQDGHTXDWH3XWRQDSSURSULDWHSHUVRQDOSURWHFWLYHHTXLSPHQW

'DWHRILVVXH'DWHRIUHYLVLRQ   'DWHRISUHYLRXVLVVXH  1RSUHYLRXVYDOLGDWLRQ 9HUVLRQ  

/8;2/:+,7(

6HFWLRQ$FFLGHQWDOUHOHDVHPHDVXUHV
)RUHPHUJHQF\UHVSRQGHUV  ,IVSHFLDOLVHGFORWKLQJLVUHTXLUHGWRGHDOZLWKWKHVSLOODJHWDNHQRWHRIDQ\
LQIRUPDWLRQLQ6HFWLRQRQVXLWDEOHDQGXQVXLWDEOHPDWHULDOV6HHDOVRWKH
LQIRUPDWLRQLQ)RUQRQHPHUJHQF\SHUVRQQHO

(QYLURQPHQWDOSUHFDXWLRQV  $YRLGGLVSHUVDORIVSLOOHGPDWHULDODQGUXQRIIDQGFRQWDFWZLWKVRLOZDWHUZD\V
GUDLQVDQGVHZHUV,QIRUPWKHUHOHYDQWDXWKRULWLHVLIWKHSURGXFWKDVFDXVHG
HQYLURQPHQWDOSROOXWLRQVHZHUVZDWHUZD\VVRLORUDLU:DWHUSROOXWLQJPDWHULDO
0D\EHKDUPIXOWRWKHHQYLURQPHQWLIUHOHDVHGLQODUJHTXDQWLWLHV

0HWKRGVDQGPDWHULDOVIRUFRQWDLQPHQWDQGFOHDQLQJXS
6PDOOVSLOO  6WRSOHDNLIZLWKRXWULVN0RYHFRQWDLQHUVIURPVSLOODUHD'LOXWHZLWKZDWHUDQGPRS
XSLIZDWHUVROXEOH$OWHUQDWLYHO\RULIZDWHULQVROXEOHDEVRUEZLWKDQLQHUWGU\
PDWHULDODQGSODFHLQDQDSSURSULDWHZDVWHGLVSRVDOFRQWDLQHU8VHVSDUNSURRI
WRROVDQGH[SORVLRQSURRIHTXLSPHQW'LVSRVHRIYLDDOLFHQVHGZDVWHGLVSRVDO
FRQWUDFWRU
/DUJHVSLOO  6WRSOHDNLIZLWKRXWULVN0RYHFRQWDLQHUVIURPVSLOODUHD$SSURDFKUHOHDVHIURP
XSZLQG3UHYHQWHQWU\LQWRVHZHUVZDWHUFRXUVHVEDVHPHQWVRUFRQILQHGDUHDV
:DVKVSLOODJHVLQWRDQHIIOXHQWWUHDWPHQWSODQWRUSURFHHGDVIROORZV&RQWDLQDQG
FROOHFWVSLOODJHZLWKQRQFRPEXVWLEOHDEVRUEHQWPDWHULDOHJVDQGHDUWK
YHUPLFXOLWHRUGLDWRPDFHRXVHDUWKDQGSODFHLQFRQWDLQHUIRUGLVSRVDODFFRUGLQJWR
ORFDOUHJXODWLRQVVHH6HFWLRQ8VHVSDUNSURRIWRROVDQGH[SORVLRQSURRI
HTXLSPHQW'LVSRVHRIYLDDOLFHQVHGZDVWHGLVSRVDOFRQWUDFWRU&RQWDPLQDWHG
DEVRUEHQWPDWHULDOPD\SRVHWKHVDPHKD]DUGDVWKHVSLOOHGSURGXFW1RWHVHH
6HFWLRQIRUHPHUJHQF\FRQWDFWLQIRUPDWLRQDQG6HFWLRQIRUZDVWHGLVSRVDO

6HFWLRQ+DQGOLQJDQGVWRUDJH
3UHFDXWLRQVIRUVDIHKDQGOLQJ
3URWHFWLYHPHDVXUHV 
3XWRQDSSURSULDWHSHUVRQDOSURWHFWLYHHTXLSPHQWVHH6HFWLRQ'RQRWLQJHVW
$YRLGFRQWDFWZLWKH\HVVNLQDQGFORWKLQJ$YRLGEUHDWKLQJYDSRURUPLVW$YRLG
UHOHDVHWRWKHHQYLURQPHQW8VHRQO\ZLWKDGHTXDWHYHQWLODWLRQ:HDUDSSURSULDWH
UHVSLUDWRUZKHQYHQWLODWLRQLVLQDGHTXDWH'RQRWHQWHUVWRUDJHDUHDVDQGFRQILQHG
VSDFHVXQOHVVDGHTXDWHO\YHQWLODWHG.HHSLQWKHRULJLQDOFRQWDLQHURUDQDSSURYHG
DOWHUQDWLYHPDGHIURPDFRPSDWLEOHPDWHULDONHSWWLJKWO\FORVHGZKHQQRWLQXVH
6WRUHDQGXVHDZD\IURPKHDWVSDUNVRSHQIODPHRUDQ\RWKHULJQLWLRQVRXUFH8VH
$GYLFHRQJHQHUDO 
RFFXSDWLRQDOK\JLHQH
&RQGLWLRQVIRUVDIHVWRUDJH
LQFOXGLQJDQ\
H[SORVLRQSURRIHOHFWULFDOYHQWLODWLQJOLJKWLQJDQGPDWHULDOKDQGOLQJHTXLSPHQW
8VHRQO\QRQVSDUNLQJWRROV7DNHSUHFDXWLRQDU\PHDVXUHVDJDLQVWHOHFWURVWDWLF
GLVFKDUJHV(PSW\FRQWDLQHUVUHWDLQSURGXFWUHVLGXHDQGFDQEHKD]DUGRXV'RQRW
UHXVHFRQWDLQHU
(DWLQJGULQNLQJDQGVPRNLQJVKRXOGEHSURKLELWHGLQDUHDVZKHUHWKLVPDWHULDOLV
KDQGOHGVWRUHGDQGSURFHVVHG:RUNHUVVKRXOGZDVKKDQGVDQGIDFHEHIRUH
HDWLQJGULQNLQJDQGVPRNLQJ5HPRYHFRQWDPLQDWHGFORWKLQJDQGSURWHFWLYH
HTXLSPHQWEHIRUHHQWHULQJHDWLQJDUHDV6HHDOVR6HFWLRQIRUDGGLWLRQDO
LQIRUPDWLRQRQK\JLHQHPHDVXUHV
 6WRUHLQDFFRUGDQFHZLWKORFDOUHJXODWLRQV6WRUHLQDVHJUHJDWHGDQGDSSURYHG
DUHD6WRUHLQRULJLQDOFRQWDLQHUSURWHFWHGIURPGLUHFWVXQOLJKWLQDGU\FRRODQGZHOO
LQFRPSDWLELOLWLHV YHQWLODWHGDUHDDZD\IURPLQFRPSDWLEOHPDWHULDOVVHH6HFWLRQDQGIRRGDQG
GULQN(OLPLQDWHDOOLJQLWLRQVRXUFHV6HSDUDWHIURPR[LGL]LQJPDWHULDOV.HHS
FRQWDLQHUWLJKWO\FORVHGDQGVHDOHGXQWLOUHDG\IRUXVH&RQWDLQHUVWKDWKDYHEHHQ
RSHQHGPXVWEHFDUHIXOO\UHVHDOHGDQGNHSWXSULJKWWRSUHYHQWOHDNDJH'RQRW
VWRUHLQXQODEHOHGFRQWDLQHUV8VHDSSURSULDWHFRQWDLQPHQWWRDYRLGHQYLURQPHQWDO
FRQWDPLQDWLRQ

'DWHRILVVXH'DWHRIUHYLVLRQ   'DWHRISUHYLRXVLVVXH  1RSUHYLRXVYDOLGDWLRQ 9HUVLRQ  

/8;2/:+,7(

6HFWLRQ([SRVXUHFRQWUROVSHUVRQDOSURWHFWLRQ
&RQWUROSDUDPHWHUV
2FFXSDWLRQDOH[SRVXUHOLPLWV
,QJUHGLHQWQDPH ([SRVXUHOLPLWV
WLWDQLXPGLR[LGH )DFWRULHV2UGHU3(/6LQJDSRUH
3(/ORQJWHUPPJPñKRXUV
5HFRPPHQGHGPRQLWRULQJ  ,IWKLVSURGXFWFRQWDLQVLQJUHGLHQWVZLWKH[SRVXUHOLPLWVSHUVRQDOZRUNSODFH
SURFHGXUHV DWPRVSKHUHRUELRORJLFDOPRQLWRULQJPD\EHUHTXLUHGWRGHWHUPLQHWKHHIIHFWLYHQHVV
RIWKHYHQWLODWLRQRURWKHUFRQWUROPHDVXUHVDQGRUWKHQHFHVVLW\WRXVHUHVSLUDWRU\
SURWHFWLYHHTXLSPHQW5HIHUHQFHVKRXOGEHPDGHWRDSSURSULDWHPRQLWRULQJ
VWDQGDUGV5HIHUHQFHWRQDWLRQDOJXLGDQFHGRFXPHQWVIRUPHWKRGVIRUWKH
GHWHUPLQDWLRQRIKD]DUGRXVVXEVWDQFHVZLOODOVREHUHTXLUHG

$SSURSULDWHHQJLQHHULQJ  8VHRQO\ZLWKDGHTXDWHYHQWLODWLRQ8VHSURFHVVHQFORVXUHVORFDOH[KDXVW
FRQWUROV YHQWLODWLRQRURWKHUHQJLQHHULQJFRQWUROVWRNHHSZRUNHUH[SRVXUHWRDLUERUQH
FRQWDPLQDQWVEHORZDQ\UHFRPPHQGHGRUVWDWXWRU\OLPLWV7KHHQJLQHHULQJFRQWUROV
DOVRQHHGWRNHHSJDVYDSRURUGXVWFRQFHQWUDWLRQVEHORZDQ\ORZHUH[SORVLYH
OLPLWV8VHH[SORVLRQSURRIYHQWLODWLRQHTXLSPHQW
(QYLURQPHQWDOH[SRVXUH  (PLVVLRQVIURPYHQWLODWLRQRUZRUNSURFHVVHTXLSPHQWVKRXOGEHFKHFNHGWRHQVXUH
FRQWUROV WKH\FRPSO\ZLWKWKHUHTXLUHPHQWVRIHQYLURQPHQWDOSURWHFWLRQOHJLVODWLRQ,QVRPH
FDVHVIXPHVFUXEEHUVILOWHUVRUHQJLQHHULQJPRGLILFDWLRQVWRWKHSURFHVV
HTXLSPHQWZLOOEHQHFHVVDU\WRUHGXFHHPLVVLRQVWRDFFHSWDEOHOHYHOV

,QGLYLGXDOSURWHFWLRQPHDVXUHV
+\JLHQHPHDVXUHV 
(\HIDFHSURWHFWLRQ 
6NLQSURWHFWLRQ
+DQGSURWHFWLRQ 
%RG\SURWHFWLRQ 
2WKHUVNLQSURWHFWLRQ 
5HVSLUDWRU\SURWHFWLRQ 
:DVKKDQGVIRUHDUPVDQGIDFHWKRURXJKO\DIWHUKDQGOLQJFKHPLFDOSURGXFWVEHIRUH
HDWLQJVPRNLQJDQGXVLQJWKHODYDWRU\DQGDWWKHHQGRIWKHZRUNLQJSHULRG
$SSURSULDWHWHFKQLTXHVVKRXOGEHXVHGWRUHPRYHSRWHQWLDOO\FRQWDPLQDWHGFORWKLQJ
:DVKFRQWDPLQDWHGFORWKLQJEHIRUHUHXVLQJ(QVXUHWKDWH\HZDVKVWDWLRQVDQG
VDIHW\VKRZHUVDUHFORVHWRWKHZRUNVWDWLRQORFDWLRQ
6DIHW\H\HZHDUFRPSO\LQJZLWKDQDSSURYHGVWDQGDUGVKRXOGEHXVHGZKHQDULVN
DVVHVVPHQWLQGLFDWHVWKLVLVQHFHVVDU\WRDYRLGH[SRVXUHWROLTXLGVSODVKHVPLVWV
JDVHVRUGXVWV,IFRQWDFWLVSRVVLEOHWKHIROORZLQJSURWHFWLRQVKRXOGEHZRUQ
XQOHVVWKHDVVHVVPHQWLQGLFDWHVDKLJKHUGHJUHHRISURWHFWLRQVDIHW\JODVVHVZLWK
VLGHVKLHOGV
&KHPLFDOUHVLVWDQWLPSHUYLRXVJORYHVFRPSO\LQJZLWKDQDSSURYHGVWDQGDUGVKRXOG
EHZRUQDWDOOWLPHVZKHQKDQGOLQJFKHPLFDOSURGXFWVLIDULVNDVVHVVPHQWLQGLFDWHV
WKLVLVQHFHVVDU\&RQVLGHULQJWKHSDUDPHWHUVVSHFLILHGE\WKHJORYHPDQXIDFWXUHU
FKHFNGXULQJXVHWKDWWKHJORYHVDUHVWLOOUHWDLQLQJWKHLUSURWHFWLYHSURSHUWLHV,W
VKRXOGEHQRWHGWKDWWKHWLPHWREUHDNWKURXJKIRUDQ\JORYHPDWHULDOPD\EH
GLIIHUHQWIRUGLIIHUHQWJORYHPDQXIDFWXUHUV,QWKHFDVHRIPL[WXUHVFRQVLVWLQJRI
VHYHUDOVXEVWDQFHVWKHSURWHFWLRQWLPHRIWKHJORYHVFDQQRWEHDFFXUDWHO\
HVWLPDWHG
3HUVRQDOSURWHFWLYHHTXLSPHQWIRUWKHERG\VKRXOGEHVHOHFWHGEDVHGRQWKHWDVN
EHLQJSHUIRUPHGDQGWKHULVNVLQYROYHGDQGVKRXOGEHDSSURYHGE\DVSHFLDOLVW
EHIRUHKDQGOLQJWKLVSURGXFW:KHQWKHUHLVDULVNRILJQLWLRQIURPVWDWLFHOHFWULFLW\
ZHDUDQWLVWDWLFSURWHFWLYHFORWKLQJ)RUWKHJUHDWHVWSURWHFWLRQIURPVWDWLF
GLVFKDUJHVFORWKLQJVKRXOGLQFOXGHDQWLVWDWLFRYHUDOOVERRWVDQGJORYHV
$SSURSULDWHIRRWZHDUDQGDQ\DGGLWLRQDOVNLQSURWHFWLRQPHDVXUHVVKRXOGEH
VHOHFWHGEDVHGRQWKHWDVNEHLQJSHUIRUPHGDQGWKHULVNVLQYROYHGDQGVKRXOGEH
DSSURYHGE\DVSHFLDOLVWEHIRUHKDQGOLQJWKLVSURGXFW
8VHDSURSHUO\ILWWHGDLUSXULI\LQJRUDLUIHGUHVSLUDWRUFRPSO\LQJZLWKDQDSSURYHG
VWDQGDUGLIDULVNDVVHVVPHQWLQGLFDWHVWKLVLVQHFHVVDU\5HVSLUDWRUVHOHFWLRQPXVW
EHEDVHGRQNQRZQRUDQWLFLSDWHGH[SRVXUHOHYHOVWKHKD]DUGVRIWKHSURGXFWDQG
WKHVDIHZRUNLQJOLPLWVRIWKHVHOHFWHGUHVSLUDWRU

'DWHRILVVXH'DWHRIUHYLVLRQ   'DWHRISUHYLRXVLVVXH  1RSUHYLRXVYDOLGDWLRQ 9HUVLRQ  

/8;2/:+,7(

6HFWLRQ3K\VLFDODQGFKHPLFDOSURSHUWLHV
$SSHDUDQFH
3K\VLFDOVWDWH  /LTXLG
&RORU  1RWDYDLODEOH
2GRU  1RWDYDLODEOH
2GRUWKUHVKROG  1RWDYDLODEOH
S+  1RWDYDLODEOH
0HOWLQJSRLQW  1RWDYDLODEOH
%RLOLQJSRLQW  1RWDYDLODEOH
)ODVKSRLQW  &ORVHGFXSƒ&ƒ)
%XUQLQJWLPH  1RWDSSOLFDEOH
%XUQLQJUDWH  1RWDSSOLFDEOH
(YDSRUDWLRQUDWH  1RWDYDLODEOH
)ODPPDELOLW\VROLGJDV  1RWDYDLODEOH
/RZHUDQGXSSHUH[SORVLYH  1RWDYDLODEOH
IODPPDEOHOLPLWV
9DSRUSUHVVXUH  1RWDYDLODEOH
9DSRUGHQVLW\  1RWDYDLODEOH
'HQVLW\  JFPñ
6ROXELOLW\  1RWDYDLODEOH
6ROXELOLW\LQZDWHU  1RWDYDLODEOH
3DUWLWLRQFRHIILFLHQWQ  1RWDYDLODEOH
RFWDQROZDWHU
$XWRLJQLWLRQWHPSHUDWXUH  1RWDYDLODEOH
'HFRPSRVLWLRQWHPSHUDWXUH  1RWDYDLODEOH
6$'7  1RWDYDLODEOH
9LVFRVLW\  1RWDYDLODEOH

6HFWLRQ6WDELOLW\DQGUHDFWLYLW\
5HDFWLYLW\  1RVSHFLILFWHVWGDWDUHODWHGWRUHDFWLYLW\DYDLODEOHIRUWKLVSURGXFWRULWVLQJUHGLHQWV

&KHPLFDOVWDELOLW\  7KHSURGXFWLVVWDEOH

3RVVLELOLW\RIKD]DUGRXV  8QGHUQRUPDOFRQGLWLRQVRIVWRUDJHDQGXVHKD]DUGRXVUHDFWLRQVZLOOQRWRFFXU
UHDFWLRQV

&RQGLWLRQVWRDYRLG  $YRLGDOOSRVVLEOHVRXUFHVRILJQLWLRQVSDUNRUIODPH'RQRWSUHVVXUL]HFXWZHOG

EUD]HVROGHUGULOOJULQGRUH[SRVHFRQWDLQHUVWRKHDWRUVRXUFHVRILJQLWLRQ

,QFRPSDWLEOHPDWHULDOV  5HDFWLYHRULQFRPSDWLEOHZLWKWKHIROORZLQJPDWHULDOV
R[LGL]LQJPDWHULDOV

+D]DUGRXVGHFRPSRVLWLRQ  8QGHUQRUPDOFRQGLWLRQVRIVWRUDJHDQGXVHKD]DUGRXVGHFRPSRVLWLRQSURGXFWV
SURGXFWV VKRXOGQRWEHSURGXFHG
6$'7  1RWDYDLODEOH

'DWHRILVVXH'DWHRIUHYLVLRQ   'DWHRISUHYLRXVLVVXH  1RSUHYLRXVYDOLGDWLRQ 9HUVLRQ  

/8;2/:+,7(

6HFWLRQ7R[LFRORJLFDOLQIRUPDWLRQ
,QIRUPDWLRQRQWR[LFRORJLFDOHIIHFWV
$FXWHWR[LFLW\
3URGXFWLQJUHGLHQWQDPH 5HVXOW 6SHFLHV 'RVH ([SRVXUH
QDSKWKDSHWUROHXP /''HUPDO 5DEELW !PJNJ 
K\GURGHVXOIXUL]HGKHDY\
/'2UDO 5DW !PJNJ 
,UULWDWLRQ&RUURVLRQ
3URGXFWLQJUHGLHQWQDPH 5HVXOW 6SHFLHV 6FRUH ([SRVXUH 2EVHUYDWLRQ
WLWDQLXPGLR[LGH 6NLQ0LOGLUULWDQW +XPDQ  KRXUV 
0LFURJUDPV
,QWHUPLWWHQW
6HQVLWL]DWLRQ
1RWDYDLODEOH
0XWDJHQLFLW\
1RWDYDLODEOH
&DUFLQRJHQLFLW\
1RWDYDLODEOH
5HSURGXFWLYHWR[LFLW\
1RWDYDLODEOH
7HUDWRJHQLFLW\
1RWDYDLODEOH

6SHFLILFWDUJHWRUJDQWR[LFLW\VLQJOHH[SRVXUH
1RWDYDLODEOH
6SHFLILFWDUJHWRUJDQWR[LFLW\UHSHDWHGH[SRVXUH
1RWDYDLODEOH

$VSLUDWLRQKD]DUG
1DPH 5HVXOW
QDSKWKDSHWUROHXPK\GURGHVXOIXUL]HGKHDY\ $63,5$7,21+$=$5'&DWHJRU\

,QIRUPDWLRQRQWKHOLNHO\  1RWDYDLODEOH
URXWHVRIH[SRVXUH
3RWHQWLDODFXWHKHDOWKHIIHFWV
(\HFRQWDFW  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV
,QKDODWLRQ  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV
6NLQFRQWDFW  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV
,QJHVWLRQ  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV

6\PSWRPVUHODWHGWRWKHSK\VLFDOFKHPLFDODQGWR[LFRORJLFDOFKDUDFWHULVWLFV
(\HFRQWDFW  1RVSHFLILFGDWD
,QKDODWLRQ  1RVSHFLILFGDWD
6NLQFRQWDFW  1RVSHFLILFGDWD
,QJHVWLRQ  1RVSHFLILFGDWD

'DWHRILVVXH'DWHRIUHYLVLRQ   'DWHRISUHYLRXVLVVXH  1RSUHYLRXVYDOLGDWLRQ 9HUVLRQ  

/8;2/:+,7(

6HFWLRQ7R[LFRORJLFDOLQIRUPDWLRQ
'HOD\HGDQGLPPHGLDWHHIIHFWVDQGDOVRFKURQLFHIIHFWVIURPVKRUWDQGORQJWHUPH[SRVXUH
6KRUWWHUPH[SRVXUH
3RWHQWLDOLPPHGLDWH  1RWDYDLODEOH
HIIHFWV
3RWHQWLDOGHOD\HGHIIHFWV  1RWDYDLODEOH
/RQJWHUPH[SRVXUH
3RWHQWLDOLPPHGLDWH  1RWDYDLODEOH
HIIHFWV
3RWHQWLDOGHOD\HGHIIHFWV  1RWDYDLODEOH
3RWHQWLDOFKURQLFKHDOWKHIIHFWV
1RWDYDLODEOH
*HQHUDO  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV
&DUFLQRJHQLFLW\  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV
0XWDJHQLFLW\  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV
7HUDWRJHQLFLW\  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV
'HYHORSPHQWDOHIIHFWV  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV
)HUWLOLW\HIIHFWV  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV

1XPHULFDOPHDVXUHVRIWR[LFLW\
$FXWHWR[LFLW\HVWLPDWHV
5RXWH $7(YDOXH
,QKDODWLRQYDSRUV PJO

6HFWLRQ(FRORJLFDOLQIRUPDWLRQ
7R[LFLW\
3URGXFWLQJUHGLHQWQDPH 5HVXOW 6SHFLHV ([SRVXUH
WLWDQLXPGLR[LGH $FXWH(&PJO)UHVKZDWHU $OJDH3VHXGRNLUFKQHULHOOD KRXUV
VXEFDSLWDWD([SRQHQWLDO
JURZWKSKDVH
$FXWH/&PJO)UHVKZDWHU &UXVWDFHDQV&HULRGDSKQLD KRXUV
GXELD1HRQDWH
$FXWH/&SSP)UHVKZDWHU 'DSKQLD'DSKQLDPDJQD KRXUV
-XYHQLOH)OHGJOLQJ+DWFKOLQJ
:HDQOLQJ
$FXWH/&—JO0DULQHZDWHU )LVK)XQGXOXVKHWHURFOLWXV KRXUV
&KURQLF12(&PJO)UHVKZDWHU $OJDH3VHXGRNLUFKQHULHOOD KRXUV
VXEFDSLWDWD([SRQHQWLDO
JURZWKSKDVH

3HUVLVWHQFHGHJUDGDELOLW\
1RWDYDLODEOH

%LRDFFXPXODWLYHSRWHQWLDO

'DWHRILVVXH'DWHRIUHYLVLRQ   'DWHRISUHYLRXVLVVXH  1RSUHYLRXVYDOLGDWLRQ 9HUVLRQ  

/8;2/:+,7(

6HFWLRQ(FRORJLFDOLQIRUPDWLRQ
3URGXFWLQJUHGLHQWQDPH /RJ3RZ %&) 3RWHQWLDO
WLWDQLXPGLR[LGH   ORZ
QDSKWKDSHWUROHXP  WR KLJK
K\GURGHVXOIXUL]HGKHDY\

0RELOLW\LQVRLO
6RLOZDWHUSDUWLWLRQ  1RWDYDLODEOH
FRHIILFLHQW.2&

2WKHUDGYHUVHHIIHFWV  1RNQRZQVLJQLILFDQWHIIHFWVRUFULWLFDOKD]DUGV

6HFWLRQ'LVSRVDOFRQVLGHUDWLRQV
'LVSRVDOPHWKRGV 
7KHJHQHUDWLRQRIZDVWHVKRXOGEHDYRLGHGRUPLQLPL]HGZKHUHYHUSRVVLEOH
'LVSRVDORIWKLVSURGXFWVROXWLRQVDQGDQ\E\SURGXFWVVKRXOGDWDOOWLPHVFRPSO\
ZLWKWKHUHTXLUHPHQWVRIHQYLURQPHQWDOSURWHFWLRQDQGZDVWHGLVSRVDOOHJLVODWLRQ
DQGDQ\UHJLRQDOORFDODXWKRULW\UHTXLUHPHQWV'LVSRVHRIVXUSOXVDQGQRQ
UHF\FODEOHSURGXFWVYLDDOLFHQVHGZDVWHGLVSRVDOFRQWUDFWRU:DVWHVKRXOGQRWEH
GLVSRVHGRIXQWUHDWHGWRWKHVHZHUXQOHVVIXOO\FRPSOLDQWZLWKWKHUHTXLUHPHQWVRI
DOODXWKRULWLHVZLWKMXULVGLFWLRQ:DVWHSDFNDJLQJVKRXOGEHUHF\FOHG,QFLQHUDWLRQRU
ODQGILOOVKRXOGRQO\EHFRQVLGHUHGZKHQUHF\FOLQJLVQRWIHDVLEOH7KLVPDWHULDODQG
LWVFRQWDLQHUPXVWEHGLVSRVHGRILQDVDIHZD\&DUHVKRXOGEHWDNHQZKHQ
KDQGOLQJHPSWLHGFRQWDLQHUVWKDWKDYHQRWEHHQFOHDQHGRUULQVHGRXW(PSW\
FRQWDLQHUVRUOLQHUVPD\UHWDLQVRPHSURGXFWUHVLGXHV9DSRUIURPSURGXFWUHVLGXHV
PD\FUHDWHDKLJKO\IODPPDEOHRUH[SORVLYHDWPRVSKHUHLQVLGHWKHFRQWDLQHU'R
QRWFXWZHOGRUJULQGXVHGFRQWDLQHUVXQOHVVWKH\KDYHEHHQFOHDQHGWKRURXJKO\
LQWHUQDOO\$YRLGGLVSHUVDORIVSLOOHGPDWHULDODQGUXQRIIDQGFRQWDFWZLWKVRLO
ZDWHUZD\VGUDLQVDQGVHZHUV

6HFWLRQ7UDQVSRUWLQIRUPDWLRQ
81 ,0'* ,$7$
81QXPEHU 81 81 81

81SURSHU )/$00$%/(/,48,'126 )/$00$%/(/,48,'126 )/$00$%/(/,48,'126

VKLSSLQJQDPH VROYHQWQDSKWKDSHWUROHXP VROYHQWQDSKWKDSHWUROHXP VROYHQWQDSKWKDSHWUROHXP
PHGLXPDOLSKQDSKWKD PHGLXPDOLSKQDSKWKD PHGLXPDOLSKQDSKWKD
SHWUROHXPK\GURGHVXOIXUL]HG SHWUROHXPK\GURGHVXOIXUL]HG SHWUROHXP
KHDY\ KHDY\0DULQHSROOXWDQW K\GURGHVXOIXUL]HGKHDY\
VROYHQWQDSKWKDSHWUROHXP
PHGLXPDOLSKWLWDQLXP
GLR[LGH
7UDQVSRUWKD]DUG   
FODVVHV

3DFNLQJJURXS ,,, ,,, ,,,

(QYLURQPHQWDO 1R <HV 1R
KD]DUGV
$GGLWLRQDO   
LQIRUPDWLRQ

'DWHRILVVXH'DWHRIUHYLVLRQ   'DWHRISUHYLRXVLVVXH  1RSUHYLRXVYDOLGDWLRQ 9HUVLRQ  

/8;2/:+,7(

6HFWLRQ7UDQVSRUWLQIRUPDWLRQ
6SHFLDOSUHFDXWLRQVIRUXVHU  7UDQVSRUWZLWKLQXVHU¶VSUHPLVHVDOZD\VWUDQVSRUWLQFORVHGFRQWDLQHUVWKDWDUH
XSULJKWDQGVHFXUH(QVXUHWKDWSHUVRQVWUDQVSRUWLQJWKHSURGXFWNQRZZKDWWRGRLQ
WKHHYHQWRIDQDFFLGHQWRUVSLOODJH

7UDQVSRUWLQEXONDFFRUGLQJ  1RWDYDLODEOH
WR$QQH[,,RI0$532/
DQGWKH,%&&RGH

6HFWLRQ5HJXODWRU\LQIRUPDWLRQ
6DIHW\KHDOWKDQG  1RNQRZQVSHFLILFQDWLRQDODQGRUUHJLRQDOUHJXODWLRQVDSSOLFDEOHWRWKLVSURGXFW
HQYLURQPHQWDOUHJXODWLRQV
VSHFLILFIRUWKHSURGXFW
6HFWLRQ2WKHULQIRUPDWLRQ
+LVWRU\
'DWHRISULQWLQJ 
'DWHRILVVXH'DWHRI 
UHYLVLRQ
'DWHRISUHYLRXVLVVXH 
9HUVLRQ 
.H\WRDEEUHYLDWLRQV 
LQFOXGLQJLWVLQJUHGLHQWV


1RSUHYLRXVYDOLGDWLRQ

$7( $FXWH7R[LFLW\(VWLPDWH
%&) %LRFRQFHQWUDWLRQ)DFWRU
*+6 *OREDOO\+DUPRQL]HG6\VWHPRI&ODVVLILFDWLRQDQG/DEHOOLQJRI&KHPLFDOV
,$7$ ,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQ
,%& ,QWHUPHGLDWH%XON&RQWDLQHU
,0'* ,QWHUQDWLRQDO0DULWLPH'DQJHURXV*RRGV
/RJ3RZ ORJDULWKPRIWKHRFWDQROZDWHUSDUWLWLRQFRHIILFLHQW
0$532/ ,QWHUQDWLRQDO&RQYHQWLRQIRUWKH3UHYHQWLRQRI3ROOXWLRQ)URP
6KLSVDVPRGLILHGE\WKH3URWRFRORI0DUSRO PDULQHSROOXWLRQ
81 8QLWHG1DWLRQV
5HIHUHQFHV  1RWDYDLODEOH
,QGLFDWHVLQIRUPDWLRQWKDWKDVFKDQJHGIURPSUHYLRXVO\LVVXHGYHUVLRQ
1RWLFHWRUHDGHU
7RWKHEHVWRIRXUNQRZOHGJHWKHLQIRUPDWLRQFRQWDLQHGKHUHLQLVDFFXUDWH+RZHYHUQHLWKHUWKHDERYH
QDPHGVXSSOLHUQRUDQ\RILWVVXEVLGLDULHVDVVXPHVDQ\OLDELOLW\ZKDWVRHYHUIRUWKHDFFXUDF\RU
FRPSOHWHQHVVRIWKHLQIRUPDWLRQFRQWDLQHGKHUHLQ
)LQDOGHWHUPLQDWLRQRIVXLWDELOLW\RIDQ\PDWHULDOLVWKHVROHUHVSRQVLELOLW\RIWKHXVHU$OOPDWHULDOVPD\
SUHVHQWXQNQRZQKD]DUGVDQGVKRXOGEHXVHGZLWKFDXWLRQ$OWKRXJKFHUWDLQKD]DUGVDUHGHVFULEHGKHUHLQ
ZHFDQQRWJXDUDQWHHWKDWWKHVHDUHWKHRQO\KD]DUGVWKDWH[LVW

'DWHRILVVXH'DWHRIUHYLVLRQ   'DWHRISUHYLRXVLVVXH  1RSUHYLRXVYDOLGDWLRQ 9HUVLRQ