7KHRXWGRRUWHPSHUDWXUHIURPWKHILUVWVHQVRUFKDQQHOVKRXOG
WKHQEHGLVSOD\HGRQWKH7HPSHUDWXUH6WDWLRQ$OVRWKHVLJQDO
UHFHSWLRQLFRQZLOOEHGLVSOD\HG,IWKLVGRHVQRWKDSSHQDIWHU
PLQXWHVWKHEDWWHULHVZLOOQHHGWREHUHPRYHGIURPERWKXQLWVDQG
UHVHWIURPVWHS
,QVHUWWKHEDWWHULHVWRWKHVHFRQGVHQVRULPPHGLDWHDIWHU
ZLWKLQ
VHFRQGV
LQVHUWLQJEDWWHU\WRWKHWHPSHUDWXUHVWDWLRQ
7KHRXWGRRUWHPSHUDWXUHIURPWKHVHFRQGVHQVRUDQGWKHFKDQQHO
LFRQVKRXOGWKHQEHGLVSOD\HGRQWKH7HPSHUDWXUH6WDWLRQ,IWKLV
GRHVQRWKDSSHQDIWHUPLQXWHVWKHEDWWHULHVZLOOQHHGWREH
UHPRYHGIURPDOOWKHXQLWVDQGUHVHWIURPVWHS
,QVHUWWKHEDWWHULHVWRWKHWKLUGVHQVRULPPHGLDWHDIWHU
LQ
VHFRQGVDIWHU
LQVHUWLQJEDWWHU\WRWKHVHFRQGVHQVRU
7KHQZLWKLQPLQXWHVWKHFKDQQHORXWGRRUGDWDIURPWKHWKLUG
VHQVRUZLOOEHGLVSOD\HGDQGWKHFKDQQHOLFRQZLOOVKLIWEDFNWR
RQFHWKHWKLUGVHQVRULVVXFFHVVIXOO\UHFHLYHG,IWKLVLVQRWKDSSHQ
XVHUVKDOOUHVWDUWWKHVHWWLQJXSIURPVWHS
,QRUGHUWRHQVXUHVXII]WUDQVPLVVLRQWKHUHVKRXOGEH
QRPRUHWKDQIHHWPHWHUVEHWZHHQWKHILQDOSRVLWLRQRI
WKH7HPSHUDWXUH6WDWLRQDQGWKHVHQVRUVHHQRWHVRQ
³
3RVLWLRQLQJ
´DQG³
0+]5HFHSWLRQ
´
1RWH
$IWHUWKHWKUHHVHQVRUVKDYHEHHQVHWXSXVHUPD\QHHGWRFKHFNWKH
UHDGLQJVGLVSOD\HGRQWKHWHPSHUDWXUHVWDWLRQDJDLQVWWKRVHEHLQJVKRZQ
RQWKHVHQVRUGLVSOD\VLQRUGHUWRUHFRJQL]HRQZKLFKFKDQQHOHDFK
VHQVRULVEHLQJSUHVHQWHG
,03257$17
7UDQVPLVVLRQSUREOHPVZLOODULVHLIWKHVHWWLQJIRUDGGLWLRQDOVHQVRUVLVQRW
IROORZHGDVGHVFULEHGDERYH6KRXOGWUDQVPLVVLRQSUREOHPVRFFXULWLV
QHFHVVDU\WRUHPRYHWKHEDWWHULHVIURPDOOXQLWVDQGVWDUWDJDLQWKHVHWXS
IURPVWHS
+2:72,167$//$1'5(3/$&(%$77(5,(6,17+(
7(03(5$785(67$7,21
7KH7HPSHUDWXUH6WDWLRQXVHV[$$$$ONDOLQH
EDWWHULHV:KHQEDWWHULHVZLOOQHHGWREHUHSODFHG
WKHORZEDWWHU\LFRQZLOODSSHDURQWKH/&'7R
LQVWDOODQGUHSODFHWKHEDWWHULHVSOHDVHIROORZWKH
VWHSVEHORZ
/LIWXSWKHEDWWHU\FRPSDUWPHQWFRYHU
,QVHUWEDWWHULHVREVHUYLQJWKHFRUUHFWSRODULW\
VHHPDUNLQJ
5HSODFHFRPSDUWPHQWFRYHU
