Attachment 2 - Sourcewell and Shaw Inc. Contract1
Rev. 4/2019
080819-SII
Solicitation Number: 080819 CONTRACT
This Contract is between Sourcewell, 202 12th Street Northeast, P.O. Box 219, Staples, MN
56479 (Sourcewell) and Shaw Industries, Inc., 616 E. Walnut Avenue, Dalton, GA 30721
(Vendor).
Sourcewell is a State of Minnesota local government agency and service cooperative created
under the laws of the State of Minnesota (Minnesota Statutes Section 123A.21) that offers
cooperative procurement solutions to its members. Participation is open to all levels of
governmental entity, higher education, K-12 education, nonprofit, tribal government, and other
public entities located in the United States and Canada.
Vendor desires to contract with Sourcewell to provide equipment, products, or services to
Sourcewell and its Members (Members).
For clarification and avoidance of doubt, this Contract entirely supersedes and replaces the
prior Contract version, signed on October 8, 2019.
1.TERM OF CONTRACT
A.EFFECTIVE DATE. This Contract is effective upon the date of the final signature below.
B.EXPIRATION DATE AND EXTENSION. This Contract expires October 11, 2023, unless it is
cancelled sooner pursuant to Article 24. This Contract may be extended up to one additional
one-year period upon request of Sourcewell and with written agreement by Vendor.
C.SURVIVAL OF TERMS. Articles 11 through 16 survive the expiration or cancellation of this
Contract.
2.EQUIPMENT, PRODUCTS, OR SERVICES
A.EQUIPMENT, PRODUCTS, OR SERVICES. Vendor will provide the Equipment, Products, or
Services as stated in its Proposal submitted under the Solicitation Number listed above.
Vendor’s Equipment, Products, or Services Proposal (Proposal) is attached and incorporated
into this Contract.
All Equipment and Products provided under this Contract must be new/current model. Vendor
may offer close-out or refurbished Equipment or Products if they are clearly indicated in
Vendor’s product and pricing list. Unless agreed to by the Member in advance, Equipment or
Products must be delivered as operational to the Member’s site.
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
Attachment 2
2
Rev. 4/2019
080819-SII
This Contract offers an indefinite quantity of sales, and while substantial volume is anticipated,
sales and sales volume are not guaranteed.
B. LAWS AND REGULATIONS. All Equipment, Products, or Services must comply fully with
applicable federal laws and regulations, and with the laws of the state or province in which the
Equipment, Products, or Services are sold.
C. WARRANTY. Vendor warrants that all Equipment, Products, and, subject to the applicable
generally-published manufacturer's limited product warranty, Services furnished are free from
liens and encumbrances, and are free from defects in design, materials, and workmanship.
Vendor’s dealers and distributors must agree to assist the Member in reaching a resolution in
any dispute over warranty terms with the manufacturer. Any manufacturer’s warranty that is
effective past the expiration of the Vendor’s warranty will be passed on to the Member.
EXCEPT AS EXPRESSLY SET FORTH HEREIN AND TO THE MAXIMUM EXTENT PERMITTED BY
LAW, VENDOR MAKES NO OTHER WARRANTIES FOR ANY EQUIPMENT, PRODUCTS, SERVICES,
OR MATERIALS PROVIDED UNDER THIS AGREEMENT AND HEREBY DISCLAIMS ALL OTHER
WARRANTIES, EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF FITNESS FOR A
PARTICULAR PURPOSE OR USE.
D. DEALERS AND DISTRIBUTORS. Upon Contract execution, Vendor will make available to
Sourcewell a means to validate or authenticate Vendor’s authorized Distributors/Dealers
relative to the Equipment, Products, and Services related to this Contract. This list may be
updated from time-to-time and is incorporated into this Contract by reference. It is the
Vendor’s responsibility to ensure Sourcewell receives the most current version of this list.
3. PRICING
All Equipment, Products, or Services under this Contract will be priced as stated in Vendor’s
Proposal.
Regardless of the payment method chosen by the Member, the total cost associated with any
purchase option of the Equipment, Products, or Services must always be disclosed in the pricing
quote to the applicable Member at the time of purchase.
When providing pricing quotes to Members, all pricing quoted must reflect a Member’s total
cost of acquisition. This means that the quoted cost is for delivered Equipment, Products, and
Services that are operational for their intended purpose, and includes all costs to the Member’s
requested delivery location.
A. SHIPPING AND SHIPPING COSTS. All delivered Equipment and Products must be properly
packaged. Damaged Equipment and Products may be rejected. If the damage is not readily
apparent at the time of delivery, Vendor must permit the Equipment and Products to be
returned within a reasonable time at no cost to Sourcewell or its Members. Members reserve
the right to inspect the Equipment and Products at a reasonable time after delivery where
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
3
Rev. 4/2019
080819-SII
circumstances or conditions prevent effective inspection of the Equipment and Products at the
time of delivery.
Vendor must arrange for and pay for the return shipment on Equipment and Products that arrive
in a defective or inoperable condition.
Sourcewell may declare the Vendor in breach of this Contract if the Vendor intentionally
delivers substandard or inferior Equipment or Products. In the event of the delivery of
nonconforming Equipment and Products, the Member will notify the Vendor as soon as
possible and the Vendor will replace nonconforming Equipment and Products with conforming
Equipment and Products that are acceptable to the Member.
B. SALES TAX. Each Member is responsible for supplying the Vendor with valid tax-exemption
certification(s). When ordering, Members must indicate if it is a tax-exempt entity. Unless
exempt, Members shall be responsible for all applicable taxes arising from the provision of
Products, Equipment, or Services under this Contract.
C. HOT LIST PRICING. At any time during this Contract, Vendor may offer a specific selection
of Equipment, Products, or Services at discounts greater than those listed in the Contract.
When Vendor determines it will offer Hot List Pricing, it must be submitted electronically to
Sourcewell in a line-item format. Equipment, Products, or Services may be added or removed
from the Hot List at any time through a Sourcewell Price and Product Change Form as defined
in Article 4 below.
Hot List program and pricing may also be used to discount and liquidate close-out and
discontinued Equipment and Products as long as those close-out and discontinued items are
clearly identified as such. Current ordering process and administrative fees apply. Hot List
Pricing must be published and made available to all Members.
4. PRODUCT AND PRICING CHANGE REQUESTS
Vendor may request Equipment, Product, Service, or price changes, additions, or deletions at
any time. All requests must be made in writing by submitting a signed Sourcewell Price and
Product Change Request Form to the assigned Sourcewell Contract Administrator. Sourcewell's
approval of such requests shall not be unreasonably withheld. Notwithstanding anything herein to the
contrary, Sourcewell will approve all Equipment, Product, and/or Service price increases without limitation
if attributable to a material change to applicable duties, taxes, tariffs, similar charges, or other government
action, and Sourcewell will use commercially reasonable efforts to expedite the effective implementation
of such price increase. This form is available from the assigned Sourcewell Contract
Administrator. At a minimum, the request must:
Ƒ Identify the applicable Sourcewell contract number
Ƒ Clearly specify the requested change
Ƒ Provide sufficient detail to justify the requested change
Ƒ Individually list all Equipment, Products, or Services affected by the requested
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
4
Rev. 4/2019
080819-SII
change, along with the requested change (e.g., addition, deletion, price change)
Ƒ Include a complete restatement of pricing documentation in Microsoft Excel
with the effective date of the modified pricing, or product addition or deletion. The
new pricing restatement must include all Equipment, Products, and Services offered,
even for those items where pricing remains unchanged.
A fully executed Sourcewell Price and Product Request Form will be become an
amendment to this Contract and be incorporated by reference.
5. MEMBERSHIP, CONTRACT ACCESS, AND MEMBER REQUIREMENTS
A. MEMBERSHIP. Membership in Sourcewell is open to public and nonprofit entities across the
United States and Canada; such as municipal, state/province, K-12 and higher education, tribal
government, and other public entities.
The benefits of this Contract should be available to all Members that can legally access the
Equipment, Products, or Services under this Contract. A Member’s authority to access this
Contract is determined through its cooperative purchasing, interlocal, or joint powers laws. Any
entity accessing benefits of this Contract will be considered a Service Member of Sourcewell
during such time of access. Vendor understands that a Member’s use of this Contract is at the
Member’s sole convenience and Members reserve the right to obtain like Equipment, Products,
or Services from any other source.
Vendor is responsible for familiarizing its sales and service forces with Sourcewell membership
requirements and documentation and, where appropriate, will use commercially reasonable
efforts to encourage potential members to join Sourcewell, unless such potential member is
already a member of another group purchasing organization or similar organization. Sourcewell
reserves the right to add and remove Members to its roster during the term of this Contract.
B. PUBLIC FACILITIES. Vendor’s employees may be required to perform work at government-
owned facilities, including schools. Vendor’s employees and agents must conduct themselves in
a professional manner while on the premises, and in accordance with Member policies and
procedures, and all applicable laws.
6. MEMBER ORDERING AND PURCHASE ORDERS
A. PURCHASE ORDERS AND PAYMENT. To access the contracted Equipment, Products, or Services
under this Contract, Member must clearly indicate to Vendor that it intends to access this
Contract; however, order flow and procedure will be developed jointly between Sourcewell
and Vendor. Typically a Member will issue a purchase order directly to Vendor. Members may
use their own forms for purchase orders, but it should clearly note the applicable Sourcewell
contract number. Members and/or their authorized purchasing agent, contractor, or similar designee
shall be solely responsible for noting the applicable Sourcewell contract number on all purchase
orders. Members will be solely responsible for payment and Sourcewell will have no liability for
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
5
Rev. 4/2019
080819-SII
any unpaid invoice of any Member.
B. ADDITIONAL TERMS AND CONDITIONS. Additional terms and conditions to a purchase order
may be negotiated between a Member and Vendor, such as job or industry-specific
requirements, legal requirements (such as affirmative action or immigration status
requirements), or specific local policy requirements. Any negotiated additional terms and
conditions must never be less favorable to the Member than what is contained in Vendor’s Proposal.
C. PERFORMANCE BOND. If reasonably requested by a Member, Vendor may provide a
performance bond that meets the requirements set forth in the Member’s purchase order.
D. SPECIALIZED SERVICE REQUIREMENTS. In the event that the Member requires service or
specialized performance requirements (such as e-commerce specifications, specialized delivery
requirements, or other specifications and requirements) not addressed in this Contract, the
Member and the Vendor may enter into a separate, standalone agreement, apart from this
Contract. Sourcewell, including its agents and employees, will not be made a party to a claim
for breach of such agreement.
E. TERMINATION OF PURCHASE ORDERS. Members may terminate a purchase order, in
whole or in part, immediately upon notice to Vendor in the event of any of the following
events:
1. The Member fails to receive funding or appropriation from its governing body at
levels sufficient to pay for the goods to be purchased;
2. Federal or state laws or regulations prohibit the purchase or change the
Member’s requirements; or
3. Vendor commits any material breach of this Contract or the additional terms
agreed to between the Vendor and a Member.
F. GOVERNING LAW AND VENUE. The governing law and venue for any action related to a
Member’s purchase order will be determined by the Member making the purchase.
7. CUSTOMER SERVICE
A. PRIMARY ACCOUNT REPRESENTATIVE. Vendor will assign an Account Representative to
Sourcewell for this Contract and must provide prompt notice to Sourcewell if that person is
changed. The Account Representative will be responsible for:
Ƒ Maintenance and management of this Contract;
Ƒ Timely response to all Sourcewell and Member inquiries; and
Ƒ Business reviews to Sourcewell and Members, if applicable.
B. BUSINESS REVIEWS. Vendor must perform a minimum of one business review with
Sourcewell per contract year. The business review will cover sales to members, pricing and
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
6
Rev. 4/2019
080819-SII
contract terms, administrative fees, supply issues, customer issues, and any other necessary
information.
8. REPORT ON CONTRACT SALES ACTIVITY AND ADMINISTRATIVE FEE PAYMENT
A. CONTRACT SALES ACTIVITY REPORT. Each calendar quarter, Vendor must provide a contract
sales activity report (Report) to the Sourcewell Contract Administrator assigned to this Contract.
A Report must be provided regardless of the number or amount of sales during that quarter
(i.e., if there are no sales, Vendor must submit a report indicating no sales were made). Except
to the extent applicable law deems the Report and its underlying information public or
requires its disclosure, the foregoing will be limited by Vendor’s applicable confidentiality
obligations, including without limitation any contractual obligations to Members.
The Report must contain the following fields:
Ƒ Customer Name (e.g., City of Staples Highway Department);
Ƒ Customer Physical Street Address;
Ƒ Customer City;
Ƒ Customer State;
Ƒ Customer Zip Code;
Ƒ Customer Contact Name;
Ƒ Customer Contact Email Address;
Ƒ Customer Contact Telephone Number;
Ƒ Sourcewell Assigned Entity/Member Number;
Ƒ Item Purchased Description;
Ƒ Item Purchased Price;
Ƒ Sourcewell Administrative Fee Applied; and
Ƒ Date Purchase was invoiced/sale was recognized as revenue by Vendor.
B. ADMINISTRATIVE FEE. In consideration for the support and services provided by Sourcewell, the
Vendor will pay an administrative fee to Sourcewell on all Equipment, Products, and Services
provided to Members under this Contract. The Vendor will submit a check payable to
Sourcewell for the percentage of administrative fee stated in the Proposal multiplied by the
total net sales of all Equipment, Products, and Services purchased by Members under this
Contract during each calendar quarter, less any applicable taxes, freight, fees, and discounts
and less amounts attributable to any Services, freight, delivery installation, unpaid invoices,
returned Products or materials, or credits issued. Orders under this Contract will only be eligible for
the administrative fee if the Member notes the applicable Sourcewell contract number on the
purchase order when submitting such purchase order. Payments should note the Sourcewell-
assigned contract number in the memo and must be mailed to the address above “Attn:
Accounts Receivable.” Payments must be received no later than forty-five (45) calendar days
after the end of each calendar quarter.
Vendor agrees to cooperate with Sourcewell in auditing transactions under this Contract to
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
7
Rev. 4/2019
080819-SII
ensure that the administrative fee is paid on all items purchased under this Contract.
In the event the Vendor is delinquent in any undisputed administrative fees, Sourcewell
reserves the right to cancel this Contract and reject any proposal submitted by the Vendor in
any subsequent solicitation. In the event this Contract is cancelled by either party prior to the
Contract’s expiration date, the administrative fee payment will be due no more than thirty (30)
days from the cancellation date.
Sourcewell is solely responsible for notifying any Member or other entity participating
hereunder of its Administrative Fee and for complying with all laws and regulations related or
applicable to such Administrative Fee.
9. AUTHORIZED REPRESENTATIVE
Sourcewell's Authorized Representative is its Chief Procurement Officer.
Vendor’s Authorized Representative is the person named in the Vendor’s Proposal. If Vendor’s
Authorized Representative changes at any time during this Contract, Vendor must promptly
notify Sourcewell in writing.
10. ASSIGNMENT, AMENDMENTS, WAIVER, AND CONTRACT COMPLETE
A. ASSIGNMENT. Neither the Vendor nor Sourcewell may assign or transfer any rights or
obligations under this Contract without the prior consent of the parties and a fully executed
assignment agreement. Such consent will not be unreasonably withheld.
B. AMENDMENTS. Any amendment to this Contract must be in writing and will not be effective
until it has been fully executed by the parties.
C. WAIVER. If either party fails to enforce any provision of this Contract, that failure does not
waive the provision or the right to enforce it.
D. CONTRACT COMPLETE. This Contract contains all negotiations and agreements between
Sourcewell and Vendor. No other understanding regarding this Contract, whether written or
oral, may be used to bind either party.
E. RELATIONSHIP OF THE PARTIES. The relationship of the parties is one of independent
contractors, each free to exercise judgment and discretion with regard to the conduct of their
respective businesses. This Contract does not create a partnership, joint venture, master-
servant, principal-agent, or any other relationship.
11. LIABILITY
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
8
Rev. 4/2019
080819-SII
Vendor must indemnify, save, and hold Sourcewell and its Members, including their agents and
employees, harmless from any claims or causes of action, including attorneys’ fees brought
against Sourcewell or its Member by a third party to the extent, arising out of the
performance of this Contract by the Vendor or its agents or employees; this indemnification
includes injury or death to person(s) or property alleged to have been caused by some defect in
the Equipment, Products, or Services under this Contract to the extent the Equipment,
Product, or Service has been used according to its specifications.
12. AUDITS
A. Sourcewell reserves the right to review the books, records, documents, and accounting
procedures and practices of the Vendor pursuant to this Contract solely to the extent
necessary to verify Vendor's compliance with its obligations hereunder for a minimum of six (6)
years from the end of this Contract. This clause extends to Members as it relates to
business conducted by that Member under this Contract.
13. GOVERNMENT DATA PRACTICES
Vendor and Sourcewell must comply with the Minnesota Government Data Practices Act,
Minnesota Statutes Chapter 13, as it applies to all data provided by or provided to Sourcewell
under this Contract and as it applies to all data created, collected, received, stored, used,
maintained, or disseminated by the Vendor under this Contract.
If the Vendor receives a request to release the data referred to in this article, the Vendor must
immediately notify Sourcewell and Sourcewell will assist with how the Vendor should respond
to the request.
14. INTELLECTUAL PROPERTY
As applicable, Vendor agrees to indemnify and hold harmless Sourcewell and its Members
against any and all suits, claims, judgments, and costs instituted or recovered against
Sourcewell or Members by any person on account of the authorized use of any Equipment or
Products by Sourcewell or its Members in accordance with their applicable specifications supplied
by Vendor under this Contract in violation of applicable patent or copyright laws.
15. PUBLICITY, MARKETING, AND ENDORSEMENT
A. PUBLICITY. Any publicity regarding the subject matter of this Contract must not be released
without prior written approval from the Authorized Representatives. Publicity includes notices,
informational pamphlets, press releases, research, reports, signs, and similar public notices
prepared by or for the Vendor individually or jointly with others, or any subcontractors, with
respect to the program, publications, or services provided resulting from this Contract.
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
9
Rev. 4/2019
080819-SII
B. MARKETING. Any direct advertising, marketing, or offers with Members must be approved
by Sourcewell. Materials should be sent to the Sourcewell Contract Administrator assigned to
this Contract.
C. ENDORSEMENT. The Vendor must not claim that Sourcewell endorses its Equipment,
Products, or Services.
16. GOVERNING LAW, JURISDICTION, AND VENUE
Minnesota law governs this Contract. Venue for all legal proceedings out of this Contract, or its
breach, must be in the appropriate state court in Todd County or federal court in Fergus Falls,
Minnesota.
17. FORCE MAJEURE
Neither party to this Contract will be held responsible for delay or default caused by acts of God
or other conditions that are beyond that party’s reasonable control. A party defaulting under
this provision must provide the other party prompt written notice of the default.
18. SEVERABILITY
If any provision of this Contract is found to be illegal, unenforceable, or void then both
Sourcewell and Vendor will be relieved of all obligations arising under such provisions. If the
remainder of this Contract is capable of performance, it will not be affected by such declaration
or finding and must be fully performed.
19. PERFORMANCE, DEFAULT, AND REMEDIES
A. PERFORMANCE. During the term of this Contract, the parties will monitor performance and
address unresolved contract issues as follows:
1. Notification. The parties must promptly notify each other of any known dispute
and work in good faith to resolve such dispute within a reasonable period of time. If
necessary, Sourcewell and the Vendor will jointly develop a short briefing document
that describes the issue(s), relevant impact, and positions of both parties.
2. Escalation. If parties are unable to resolve the issue in a timely manner, as specified
above, either Sourcewell or Vendor may escalate the resolution of the issue to a higher
level of management. The Vendor will have not less than sixty (60) calendar days, unless
otherwise approved in writing, to cure an outstanding issue or, in the event such issue
cannot be cured within sixty (60) calendar days, to take material steps to cure such
issue, provided that Vendor must continue to diligently pursue such cure until complete.
3. Performance while Dispute is Pending. Notwithstanding the existence of a
dispute, the Vendor must continue without delay to carry out all of its responsibilities
under the Contract that are not affected by the dispute. If the Vendor fails to continue
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
10
Rev. 4/2019
080819-SII
without delay to perform its responsibilities under the Contract, in the accomplishment
of all undisputed work, any additional costs incurred by Sourcewell and/or its Members
as a result of such failure to proceed will be borne by the Vendor.
B. DEFAULT AND REMEDIES. Either of the following constitutes cause to declare this Contract,
or any Member order under this Contract, in default:
1. Nonperformance of contractual requirements, or
2. A material breach of any term or condition of this Contract.
Written notice of default and a reasonable opportunity to cure must be issued by the party
claiming default. Time allowed for cure will not diminish or eliminate any liability for liquidated
or other damages. If the default remains after the opportunity for cure, the non-defaulting
party may:
Ƒ Exercise any remedy provided by law or equity, or
Ƒ Terminate the Contract or any portion thereof, including any orders issued
against the Contract.
20. INSURANCE
A. REQUIREMENTS. At its own expense, Vendor must maintain insurance policy(ies) in effect at
all times during the performance of this Contract with insurance company(ies) licensed or
authorized to do business in the State of Minnesota having an “AM BEST” rating of A- or better,
with coverage and limits of insurance not less than the following:
1. Workers’ Compensation and Employer’s Liability.
Workers’ Compensation: As required by any applicable law or regulation.
Employer's Liability Insurance: must be provided in amounts not less than listed below:
Minimum limits:
$500,000 each accident for bodily injury by accident
$500,000 policy limit for bodily injury by disease
$500,000 each employee for bodily injury by disease
2. Commercial General Liability Insurance. Vendor will maintain insurance covering its
operations, with coverage on an occurrence basis, and must be subject to terms no less
broad than the Insurance Services Office (“ISO”) Commercial General Liability Form CG0001
(2001 or newer edition). At a minimum, coverage must include liability arising from
premises, operations, bodily injury and property damage, independent contractors,
products-completed operations including construction defect, contractual liability, blanket
contractual liability, and personal injury and advertising injury. All required limits, terms
and conditions of coverage must be maintained during the term of this Contract.
Minimum Limits:
$1,000,000 each occurrence Bodily Injury and Property Damage
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
11
Rev. 4/2019
080819-SII
$1,000,000 Personal and Advertising Injury
$2,000,000 aggregate for Products-Completed operations
$2,000,000 general aggregate
3. Commercial Automobile Liability Insurance. During the term of this Contract, Vendor
will maintain insurance covering all owned, hired, and non-owned automobiles in limits of
liability not less than indicated below. The coverage must be subject to terms no less broad
than ISO Business Auto Coverage Form CA 0001 (2010 edition or newer).
Minimum Limits:
$1,000,000 each accident, combined single limit
4. Umbrella Insurance. During the term of this Contract, Vendor will maintain
umbrella coverage over Workers’ Compensation, Commercial General Liability, and
Commercial Automobile.
Minimum Limits:
$2,000,000
5. Network Security and Privacy Liability Insurance. During the term of this
Contract, Vendor will maintain coverage for network security and privacy liability. The
coverage may be endorsed on another form of liability coverage or written on a
standalone policy. The insurance must cover claims which may arise from failure of
Vendor’s security resulting in, but not limited to, computer attacks, unauthorized
access, disclosure of not public data – including but not limited to, confidential or
private information, transmission of a computer virus, or denial of service.
Minimum limits:
$2,000,000 per occurrence
$2,000,000 annual aggregate
Failure of Vendor to maintain the required insurance will constitute a material breach entitling
Sourcewell to immediately terminate this Contract for default.
B. CERTIFICATES OF INSURANCE. Prior to commencing under this Contract, Vendor must furnish
to Sourcewell a certificate of insurance, as evidence of the insurance required under this
Contract. Prior to expiration of the policy(ies), renewal certificates must be mailed to
Sourcewell, 202 12th Street Northeast, P.O. Box 219, Staples, MN 56479 or sent to the
Sourcewell Contract Administrator assigned to this Contract. The certificates must be signed by
a person authorized by the insurer(s) to bind coverage on their behalf. All policies must include
there will be no cancellation, suspension, non-renewal, or reduction of coverage without thirty
(30) days’ prior written notice to the Vendor.
Upon request, Vendor must provide to Sourcewell copies of applicable policies and
endorsements, within ten (10) days of a request. Failure to request certificates of insurance by
Sourcewell, or failure of Vendor to provide certificates of insurance, in no way limits or relieves
Vendor of its duties and responsibilities in this Contract.
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
12
Rev. 4/2019
080819-SII
C. ADDITIONAL INSURED ENDORSEMENT AND PRIMARY AND NON-CONTRIBUTORY
INSURANCE CLAUSE. Vendor agrees to name Sourcewell and its Members, including their
officers, agents, and employees, as an additional insured under the Vendor’s commercial
general liability insurance policy with respect to liability arising out of activities, “operations,” or
“work” performed by or on behalf of Vendor, and products and completed operations of
Vendor. The policy provision(s) or endorsement(s) must further provide that coverage is
primary and not excess over or contributory with any other valid, applicable, and collectible
insurance or self-insurance in force for the additional insureds.
D. WAIVER OF SUBROGATION. Vendor waives and must require (by endorsement or
otherwise) all its insurers to waive subrogation rights against Sourcewell and other additional
insureds for losses paid under the insurance policies required by this Contract or other
insurance applicable to the Vendor or its subcontractors. The waiver must apply to all
deductibles and/or self-insured retentions applicable to the required or any other insurance
maintained by the Vendor or its subcontractors. Where permitted by law, Vendor must require
similar written express waivers of subrogation and insurance clauses from each of its
subcontractors.
E. UMBRELLA/EXCESS LIABILITY. The limits required by this Contract can be met by either
providing a primary policy or in combination with umbrella/excess liability policy(ies).
F. SELF-INSURED RETENTIONS. Any self-insured retention in excess of $10,000 is subject to
Sourcewell’s approval.
21. COMPLIANCE
A. LAWS AND REGULATIONS. All Equipment, Products, or Services provided under this
Contract must comply fully with applicable federal laws and regulations, and with the laws in
the states and provinces in which the Equipment, Products, or Services are sold.
B. LICENSES. Vendor must maintain a valid status on all required federal, state, and local
licenses, bonds, and permits required for the operation of the business that the Vendor
conducts with Sourcewell and Members.
22. BANKRUPTCY, DEBARMENT, OR SUSPENSION CERTIFICATION
Vendor certifies and warrants that it is not in bankruptcy or that it has previously disclosed in
writing certain information to Sourcewell related to bankruptcy actions. If at any time during
this Contract Vendor declares bankruptcy, Vendor must immediately notify Sourcewell in
writing.
Vendor certifies and warrants that neither it nor its principals are presently debarred,
suspended, proposed for debarment, declared ineligible, or voluntarily excluded from programs
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
13
Rev. 4/2019
080819-SII
operated by the State of Minnesota, the United States federal government, or any Member.
Vendor certifies and warrants that neither it nor its principals have been convicted of a criminal
offense related to the subject matter of this Contract. Vendor further warrants that it will
provide immediate written notice to Sourcewell if this certification changes at any time.
23. PROVISIONS FOR NON-UNITED STATES FEDERAL ENTITY PROCUREMENTS UNDER
UNITED STATES FEDERAL AWARDS OR OTHER AWARDS
Members that use United States federal grant or FEMA funds to purchase goods or services
from this Contract may be subject to additional requirements including the procurement
standards of the Uniform Administrative Requirements, Cost Principles and Audit Requirements
for Federal Awards, 2 C.F.R. § 200. Members may also require additional requirements based
on specific funding specifications. Within this Article, all references to “federal” should be
interpreted to mean the United States federal government. The following list only applies when
a Member accesses Vendor’s Equipment, Products, or Services with United States federal
funds.
A. EQUAL EMPLOYMENT OPPORTUNITY. Except as otherwise provided under 41 C.F.R. § 60, all
contracts that meet the definition of “federally assisted construction contract” in 41 C.F.R. § 60-
1.3 must include the equal opportunity clause provided under 41 C.F.R. §60-1.4(b), in
accordance with Executive Order 11246, “Equal Employment Opportunity” (30 FR 12319,
12935, 3 C.F.R. §, 1964-1965 Comp., p. 339), as amended by Executive Order 11375, “Amending
Executive Order 11246 Relating to Equal Employment Opportunity,” and implementing
regulations at 41 C.F.R. § 60, “Office of Federal Contract Compliance Programs, Equal
Employment Opportunity, Department of Labor.” The equal opportunity clause is incorporated
herein by reference.
B. DAVIS-BACON ACT, AS AMENDED (40 U.S.C. § 3141-3148). When required by federal
program legislation, all prime construction contracts in excess of $2,000 awarded by non-
federal entities must include a provision for compliance with the Davis-Bacon Act (40 U.S.C. §
3141-3144, and 3146-3148) as supplemented by Department of Labor regulations (29 C.F.R. § 5,
“Labor Standards Provisions Applicable to Contracts Covering Federally Financed and Assisted
Construction”). In accordance with the statute, contractors must be required to pay wages to
laborers and mechanics at a rate not less than the prevailing wages specified in a wage
determination made by the Secretary of Labor. In addition, contractors must be required to pay
wages not less than once a week. The non-federal entity must place a copy of the current
prevailing wage determination issued by the Department of Labor in each solicitation. The
decision to award a contract or subcontract must be conditioned upon the acceptance of the
wage determination. The non-federal entity must report all suspected or reported violations to
the federal awarding agency. The contracts must also include a provision for compliance with
the Copeland “Anti-Kickback” Act (40 U.S.C. § 3145), as supplemented by Department of Labor
regulations (29 C.F.R. § 3, “Contractors and Subcontractors on Public Building or Public Work
Financed in Whole or in Part by Loans or Grants from the United States”). The Act provides that
each contractor or subrecipient must be prohibited from inducing, by any means, any person
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
14
Rev. 4/2019
080819-SII
employed in the construction, completion, or repair of public work, to give up any part of the
compensation to which he or she is otherwise entitled. The non-federal entity must report
all suspected or reported violations to the federal awarding agency. Vendor must be in
compliance with all applicable Davis-Bacon Act provisions.
C. CONTRACT WORK HOURS AND SAFETY STANDARDS ACT (40 U.S.C. § 3701-3708). Where
applicable, all contracts awarded by the non-federal entity in excess of $100,000 that involve
the employment of mechanics or laborers must include a provision for compliance with 40
U.S.C. § 3702 and 3704, as supplemented by Department of Labor regulations (29 C.F.R. § 5).
Under 40 U.S.C. § 3702 of the Act, each contractor must be required to compute the wages of
every mechanic and laborer on the basis of a standard work week of 40 hours. Work in excess
of the standard work week is permissible provided that the worker is compensated at a rate of
not less than one and a half times the basic rate of pay for all hours worked in excess of 40
hours in the work week. The requirements of 40 U.S.C. § 3704 are applicable to construction
work and provide that no laborer or mechanic must be required to work in surroundings or
under working conditions which are unsanitary, hazardous or dangerous. These requirements
do not apply to the purchases of supplies or materials or articles ordinarily available on the
open market, or contracts for transportation or transmission of intelligence. This provision is
hereby incorporated by reference into this Contract. Vendor certifies that during the term of
an award for all contracts by Sourcewell resulting from this procurement process, Vendor
must comply with applicable requirements as referenced above.
D. RIGHTS TO INVENTIONS MADE UNDER A CONTRACT OR AGREEMENT. If the federal award
meets the definition of “funding agreement” under 37 C.F.R. § 401.2(a) and the recipient or
subrecipient wishes to enter into a contract with a small business firm or nonprofit organization
regarding the substitution of parties, assignment or performance of experimental,
developmental, or research work under that “funding agreement,” the recipient or subrecipient
must comply with the requirements of 37 C.F.R. § 401, “Rights to Inventions Made by Nonprofit
Organizations and Small Business Firms Under Government Grants, Contracts and Cooperative
Agreements,” and any implementing regulations issued by the awarding agency. Vendor
certifies that during the term of an award for all contracts by Sourcewell resulting from this
procurement process, Vendor must comply with applicable requirements as referenced above.
E. CLEAN AIR ACT (42 U.S.C. § 7401-7671Q.) AND THE FEDERAL WATER POLLUTION CONTROL
ACT (33 U.S.C. § 1251-1387). Contracts and subgrants of amounts in excess of $150,000 require
the non-federal award to agree to comply with all applicable standards, orders or regulations
issued pursuant to the Clean Air Act (42 U.S.C. § 7401- 7671q) and the Federal Water Pollution
Control Act as amended (33 U.S.C. § 1251- 1387). Violations must be reported to the Federal
awarding agency and the Regional Office of the Environmental Protection Agency (EPA). Vendor
certifies that during the term of this Contract will comply with applicable requirements as
referenced above.
F. DEBARMENT AND SUSPENSION (EXECUTIVE ORDERS 12549 AND 12689). A contract award
(see 2 C.F.R. § 180.220) must not be made to parties listed on the government wide exclusions in
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
15
Rev. 4/2019
080819-SII
the System for Award Management (SAM), in accordance with the OMB guidelines at 2 C.F.R.
§180 that implement Executive Orders 12549 (3 C.F.R. § 1986 Comp., p. 189) and 12689 (3
C.F.R. § 1989 Comp., p. 235), “Debarment and Suspension.” SAM Exclusions contains the names
of parties debarred, suspended, or otherwise excluded by agencies, as well as parties declared
ineligible under statutory or regulatory authority other than Executive Order 12549. Vendor
certifies that neither it nor its principals are presently debarred, suspended, proposed for
debarment, declared ineligible, or voluntarily excluded from participation by any federal
department or agency.
G. BYRD ANTI-LOBBYING AMENDMENT, AS AMENDED (31 U.S.C. § 1352). Vendors must file
any required certifications. Vendors must not have used federal appropriated funds to pay any
person or organization for influencing or attempting to influence an officer or employee of any
agency, a member of Congress, officer or employee of Congress, or an employee of a member
of Congress in connection with obtaining any federal contract, grant, or any other award
covered by 31 U.S.C. § 1352. Vendors must disclose any lobbying with non-federal funds that
takes place in connection with obtaining any federal award. Such disclosures are forwarded
from tier to tier up to the non-federal award. Vendors must file all certifications and disclosures
required by, and otherwise comply with, the Byrd Anti-Lobbying Amendment (31 U.S.C. §
1352).
H. RECORD RETENTION REQUIREMENTS. To the extent applicable, Vendor must comply with
the record retention requirements detailed in 2 C.F.R. § 200.333. The Vendor further certifies
that it will retain all records as required by 2 C.F.R. § 200.333 for a period of three (3) years
after grantees or subgrantees submit final expenditure reports or quarterly or annual financial
reports, as applicable, and all other pending matters are closed.
I. ENERGY POLICY AND CONSERVATION ACT COMPLIANCE. To the extent applicable, Vendor
must comply with the mandatory standards and policies relating to energy efficiency which are
contained in the state energy conservation plan issued in compliance with the Energy Policy
and Conservation Act.
J. BUY AMERICAN PROVISIONS COMPLIANCE. To the extent applicable, Vendor must comply
with all applicable provisions of the Buy American Act. Purchases made in accordance with the
Buy American Act must follow the applicable procurement rules calling for free and open
competition.
K. ACCESS TO RECORDS (2 C.F.R. § 200.336). Vendor agrees that duly authorized
representatives of a federal agency must have access to any books, documents, papers and
records of Vendor that are directly pertinent to Vendor’s discharge of its obligations under this
Contract for the purpose of making audits, examinations, excerpts, and transcriptions. The right
also includes timely and reasonable access to Vendor’s personnel for the purpose of interview
and discussion relating to such documents.
L. PROCUREMENT OF RECOVERED MATERIALS (2 C.F.R. § 200.322). A non-federal entity that is
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
16
Rev. 4/2019
080819-SII
a state agency or agency of a political subdivision of a state and its contractors must comply
with Section 6002 of the Solid Waste Disposal Act, as amended by the Resource Conservation
and Recovery Act. The requirements of Section 6002 include procuring only items designated in
guidelines of the Environmental Protection Agency (EPA) at 40 C.F.R. § 247 that contain the
highest percentage of recovered materials practicable, consistent with maintaining a
satisfactory level of competition, where the purchase price of the item exceeds $10,000 or the
value of the quantity acquired during the preceding fiscal year exceeded $10,000; procuring
solid waste management services in a manner that maximizes energy and resource recovery;
and establishing an affirmative procurement program for procurement of recovered materials
identified in the EPA guidelines.
24.CANCELLATION
Sourcewell or Vendor may cancel this Contract at any time, with or without cause, upon sixty
(60)days’ written notice to the other party. However, Sourcewell may cancel this Contract
immediately upon discovery of a material defect in any certification made in Vendor’s Proposal.
Termination of this Contract does not relieve either party of financial, product, or service
obligations incurred or accrued prior to termination.
[
Sourcewell
By: __________________________
Jeremy Schwartz
Title: Director of Operations &
Procurement/CPO
Date: ________________________
Shaw Industries, Inc.
By: __________________________
ĂƌƌŝĞŶDƵŶƌŽĞ
Title: ŽŶƚƌĂĐƚ^ƉĞĐŝĂůŝƐƚ
Date: ________________________
Approved:
By: __________________________
Chad Coauette
Title: Executive Director/CEO
Date: ________________________
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
5)3)ORRULQJ0DWHULDOVZLWK5HODWHG6XSSOLHVDQG6HUYLFHV
9HQGRU'HWDLOV
&RPSDQ\1DPH 6KDZ,QGXVWULHV,QF
'RHV\RXUFRPSDQ\FRQGXFWEXVLQHVV
XQGHUDQ\RWKHUQDPH",I\HVSOHDVH
VWDWH
6KDZ&RQWUDFW3DWFUDIW
$GGUHVV
(DVW:DOQXW$YHQXH
'DOWRQ*$
&RQWDFW %UDQGH3RXOQRW
(PDLO EUDQGHSRXOQRW#VKDZLQFFRP
3KRQH
)D[
+67
6XEPLVVLRQ'HWDLOV
&UHDWHG2Q 0RQGD\-XQH
6XEPLWWHG2Q 7KXUVGD\$XJXVW
6XEPLWWHG%\ &KD]:ROIHQEDUJHU
(PDLO FKD]ZROIHQEDUJHU#VKDZLQFFRP
7UDQVDFWLRQ IGIIGDIEDDI
6XEPLWWHU
V,3$GGUHVV
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
6SHFLILFDWLRQV
3URSRVHU,GHQWLW\ $XWKRUL]HG5HSUHVHQWDWLYHV
/LQH
,WHP 4XHVWLRQ 5HVSRQVH
3URSRVHUௐ/HJDOௐ1DPHௐDQGௐDSSOLFDEOHௐ
GEDௐLIௐDQ\
6KDZௐ,QGXVWULHVௐ,QF
3URSRVHUௐ$GGUHVV ௐ(ௐ:DOQXWௐ$YH
'DOWRQௐ*$ௐ
3URSRVHUௐZHEVLWHௐDGGUHVVZZZVKDZLQFFRP
3URSRVHU
Vௐ$XWKRUL]HGௐ5HSUHVHQWDWLYHௐ
QDPHௐWLWOHௐDGGUHVVௐHPDLOௐDGGUHVVௐ ௐ
SKRQHௐ7KHௐUHSUHVHQWDWLYHௐPXVWௐ
KDYHௐDXWKRULW\ௐWRௐVLJQௐWKHௐ³3URSRVHU¶Vௐ
$VVXUDQFHௐRIௐ&RPSOLDQFH´ௐRQௐEHKDOIௐ
RIௐWKHௐ3URSRVHU
5REHUWௐ0ௐ&KDQGOHUௐ([HFXWLYHௐ9LFHௐ3UHVLGHQWௐ&RPPHUFLDOௐ'LYLVLRQ
EREFKDQGOHU#VKDZLQFFRP
ௐ(ௐ:DOQXWௐ$YH
'DOWRQௐ*$ௐ
3URSRVHU
VௐSULPDU\ௐFRQWDFWௐIRUௐWKLVௐ
SURSRVDOௐQDPHௐWLWOHௐDGGUHVVௐHPDLOௐ
DGGUHVVௐ ௐSKRQH
5DQGDௐ7KD\HUௐ936$ௐ*RYHUQPHQW
UDQGDWKD\HU#VKDZLQFFRP
ௐ(ௐ:DOQXWௐ$YH
'DOWRQௐ*$ௐ
3URSRVHU
VௐRWKHUௐFRQWDFWVௐIRUௐWKLVௐ
SURSRVDOௐLIௐDQ\ௐQDPHௐWLWOHௐDGGUHVVௐ
HPDLOௐDGGUHVVௐ ௐSKRQH
.DUHQௐ.UDPHUௐ936$ௐ*RYHUQPHQW
NDUHQNUDPHU#VKDZLQFFRP
ௐ(ௐ:DOQXWௐ$YH
'DOWRQௐ*$ௐ
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
&RPSDQ\,QIRUPDWLRQDQG)LQDQFLDO6WUHQJWK
/LQH
,WHP 4XHVWLRQ 5HVSRQVH
3URYLGHௐDௐEULHIௐKLVWRU\ௐRIௐ\RXUௐFRPSDQ\ௐLQFOXGLQJௐ
\RXUௐFRPSDQ\¶VௐFRUHௐYDOXHVௐEXVLQHVVௐSKLORVRSK\ௐ
DQGௐLQGXVWU\ௐORQJHYLW\ௐUHODWHGௐWRௐWKHௐUHTXHVWHGௐ
HTXLSPHQWௐSURGXFWVௐRUௐVHUYLFHV
6KDZௐVWDUWHGௐLQௐௐDVௐ6WDUௐ'\Hௐ&RPSDQ\ௐDQGௐWUDQVLWLRQHGௐWRௐFDUSHWௐPDQXIDFWXULQJௐLQௐ
ௐ6KDZௐHPHUJHGௐDVௐDௐSXEOLFௐFRPSDQ\ௐLQௐௐ7KURXJKRXWௐWKHௐQH[WௐGHFDGHௐRXUௐ
VWUDWHJ\ௐZDVௐWRௐEXLOGௐDௐYHUWLFDOௐVXSSO\ௐFKDLQௐVRௐZHௐFRXOGௐFRQWUROௐRXUௐTXDOLW\ௐIURPௐVWDUWௐWRௐ
ILQLVKௐ%\ௐௐZHௐZHUHௐWKHௐODUJHVWௐFDUSHWௐPDQXIDFWXUHUௐLQௐWKHௐZRUOGௐ%HFDXVHௐRIௐRXUௐ
GRPLQDQWௐPDUNHWௐVKDUHௐVWURQJௐPDQDJHPHQWௐWHDPௐLQQRYDWLYHௐWKLQNLQJௐDQGௐTXDOLW\ௐ
SHUIRUPDQFHௐ%HUNVKLUHௐ+DWKDZD\ௐDFTXLUHGௐXVௐLQௐௐ7RGD\ௐZHௐDUHௐDௐIXOOVHUYLFHௐIORRULQJௐ
FRPSDQ\ௐZLWKௐௐHPSOR\HHVௐDURXQGௐWKHௐJOREHௐDQGௐSURGXFWVௐIRUௐHYHU\ௐIORRULQJௐFDWHJRU\ௐ
LQFOXGLQJௐEURDGORRPௐFDUSHWௐWLOHௐUHVLOLHQWௐKDUGZRRGௐODPLQDWHௐDQGௐWLOHௐDQGௐVWRQHௐIORRULQJௐ
SURGXFWVௐDQGௐV\QWKHWLFௐWXUIௐ2XUௐNH\ௐYDOXHVௐDUHௐKRQHVW\ௐLQWHJULW\ௐDQGௐSDVVLRQ
3URYLGHௐDௐGHWDLOHGௐGHVFULSWLRQௐRIௐWKHௐSURGXFWVௐ
DQGௐVHUYLFHVௐWKDWௐ\RXௐDUHௐRIIHULQJௐLQௐ\RXUௐ
SURSRVDO
:HௐDUHௐSURYLGLQJௐSURGXFWVௐDQGௐLQVWDOODWLRQௐVHUYLFHVௐIRUௐWKRVHௐSURGXFWVௐ$GGLWLRQDOO\ௐZHௐZLOOௐEHௐ
RIIHULQJௐPDLQWHQDQFHௐVHUYLFHVௐWKURXJKௐ62,/'ௐ2XUௐSURGXFWVௐLQFOXGHௐEURDGORRPௐFDUSHWௐWLOHௐ
UHVLOLHQWௐHQJLQHHUHGௐZRRGௐDQGௐKDUGZRRG
:KDWௐDUHௐ\RXUௐFRPSDQ\¶VௐH[SHFWDWLRQVௐLQௐWKHௐ
HYHQWௐRIௐDQௐDZDUG"
:HௐZRXOGௐPHHWௐZLWKௐ\RXUௐVWDIIௐWRௐILQDOL]HௐWKHௐPDUNHWLQJௐSODQௐDQGௐUHSRUWLQJௐ:HௐZDQWௐ\RXௐWRௐ
EHௐFRPIRUWDEOHௐZLWKௐRXUௐVWDIIௐDQGௐSODQௐJRLQJௐIRUZDUG
'HPRQVWUDWHௐ\RXUௐILQDQFLDOௐVWUHQJWKௐDQGௐVWDELOLW\ௐ
ZLWKௐPHDQLQJIXOௐGDWDௐ7KLVௐFRXOGௐLQFOXGHௐVXFKௐ
LWHPVௐDVௐILQDQFLDOௐVWDWHPHQWVௐ6(&ௐILOLQJVௐFUHGLWௐ
DQGௐERQGௐUDWLQJVௐOHWWHUVௐRIௐFUHGLWௐDQGௐGHWDLOHGௐ
UHIHUHQFHௐOHWWHUVௐ8SORDGௐVXSSRUWLQJௐGRFXPHQWVௐ
DVௐDSSOLFDEOHௐLQௐWKHௐGRFXPHQWௐXSORDGௐVHFWLRQௐRIௐ
\RXUௐUHVSRQVH
:HௐDUHௐDௐVXEVLGLDU\ௐRIௐ%HUNVKLUHௐ+DWKDZD\ௐ$WWDFKHGௐLVௐ%HUNVKLUH
VௐDQQXDOௐUHSRUWௐ,QௐDGGLWLRQௐ
ZHௐDUHௐKDSS\ௐWRௐSURYLGHௐRXUௐ6KDZௐVSHFLILFௐILQDQFLDOVௐXSRQௐUHFHLSWௐRIௐDௐQRQGLVFORVXUHௐ
DJUHHPHQWௐIURPௐ\RXௐ$Qௐ1'$ௐLVௐDWWDFKHGௐIRUௐ\RXUௐVLJQDWXUH
:KDWௐLVௐ\RXUௐ86ௐPDUNHWௐVKDUHௐIRUௐWKHௐVROXWLRQVௐ
WKDWௐ\RXௐDUHௐSURSRVLQJ"
5HTXHVWHGௐ2XUௐ86ௐPDUNHWௐVKDUHௐIRUௐFRPPHUFLDOௐSURGXFWVௐLVௐ
%URDGORRP
&DUSHWௐ7LOH
5HVLOLHQW
:RRG
:KDWௐLVௐ\RXUௐ&DQDGLDQௐPDUNHWௐVKDUHௐLIௐDQ\" 5HTXHVWHGௐ2XUௐ&DQDGLDQௐPDUNHWௐVKDUHௐIRUௐFRPPHUFLDOௐSURGXFWVௐLVௐ
%URDGORRP
&DUSHWௐ7LOH
5HVLOLHQW
:RRG
+DVௐ\RXUௐEXVLQHVVௐHYHUௐSHWLWLRQHGௐIRUௐEDQNUXSWF\ௐ
SURWHFWLRQ"ௐ,IௐVRௐH[SODLQௐLQௐGHWDLO
1R
+RZௐLVௐ\RXUௐRUJDQL]DWLRQௐEHVWௐGHVFULEHGௐLVௐLWௐDௐ
PDQXIDFWXUHUௐDௐGLVWULEXWRUGHDOHUUHVHOOHUௐRUௐDௐ
VHUYLFHௐSURYLGHU"ௐௐ$QVZHUௐZKLFKHYHUௐTXHVWLRQௐ
HLWKHUௐDௐRUௐEௐMXVWௐEHORZௐEHVWௐDSSOLHVௐWRௐ\RXUௐ
RUJDQL]DWLRQ
Dௐௐௐௐ,Iௐ\RXUௐFRPSDQ\ௐLVௐEHVWௐGHVFULEHGௐDVௐDௐ
GLVWULEXWRUGHDOHUUHVHOOHUௐRUௐVLPLODUௐHQWLW\ௐ
SURYLGHௐ\RXUௐZULWWHQௐDXWKRUL]DWLRQௐWRௐDFWௐDVௐDௐ
GLVWULEXWRUGHDOHUUHVHOOHUௐIRUௐWKHௐPDQXIDFWXUHUௐRIௐ
WKHௐSURGXFWVௐSURSRVHGௐLQௐWKLVௐ5)3ௐ,IௐDSSOLFDEOHௐ
LVௐ\RXUௐGHDOHUௐQHWZRUNௐLQGHSHQGHQWௐRUௐFRPSDQ\ௐ
RZQHG"
Eௐௐௐௐ,Iௐ\RXUௐFRPSDQ\ௐLVௐEHVWௐGHVFULEHGௐDVௐDௐ
PDQXIDFWXUHUௐRUௐVHUYLFHௐSURYLGHUௐGHVFULEHௐ\RXUௐ
UHODWLRQVKLSௐZLWKௐ\RXUௐVDOHVௐDQGௐVHUYLFHௐIRUFHௐDQGௐ
ZLWKௐ\RXUௐGHDOHUௐQHWZRUNௐLQௐGHOLYHULQJௐWKHௐ
SURGXFWVௐDQGௐVHUYLFHVௐSURSRVHGௐLQௐWKLVௐ5)3ௐ$UHௐ
WKHVHௐLQGLYLGXDOVௐ\RXUௐHPSOR\HHVௐRUௐWKHௐ
HPSOR\HHVௐRIௐDௐWKLUGௐSDUW\"
6KDZௐLVௐSULPDULO\ௐDௐPDQXIDFWXUHUௐRIௐIORRUFRYHULQJௐSURGXFWVௐ:HௐDOVRௐSURYLGHௐLQVWDOODWLRQௐ
VHUYLFHVௐIRUௐWKRVHௐSURGXFWVௐௐ:HௐKDYHௐௐHPSOR\HHVௐJOREDOO\ௐLQYROYHGௐLQௐDOOௐDVSHFWVௐRIௐ
SURGXFWLRQௐDQGௐVDOHVௐ:HௐKDYHௐௐVDOHVௐUHSUHVHQWDWLYHVௐLQௐWKHௐ86ௐDQGௐ&DQDGDௐZKRௐDUHௐ
HPSOR\HHVௐ:HௐDOVRௐKDYHௐDQௐLQKRXVHௐVHUYLFHௐWHDPௐ7KHௐRQO\ௐVHUYLFHVௐZHௐRXWVRXUFHௐDUHௐ
LQVWDOODWLRQௐDQGௐPDLQWHQDQFHௐDOWKRXJKௐZHௐPDQDJHௐWKHLUௐZRUNௐWKURXJKௐRXUௐ6KDZௐ,QWHJUDWHGௐ
6ROXWLRQVௐGLYLVLRQ
,IௐDSSOLFDEOHௐSURYLGHௐDௐGHWDLOHGௐH[SODQDWLRQௐ
RXWOLQLQJௐWKHௐOLFHQVHVௐDQGௐFHUWLILFDWLRQVௐWKDWௐDUHௐ
ERWKௐUHTXLUHGௐWRௐEHௐKHOGௐDQGௐDFWXDOO\ௐKHOGௐE\ௐ
\RXUௐRUJDQL]DWLRQௐLQFOXGLQJௐWKLUGௐSDUWLHVௐDQGௐ
VXEFRQWUDFWRUVௐWKDWௐ\RXௐXVHௐLQௐSXUVXLWௐRIௐWKHௐ
EXVLQHVVௐFRQWHPSODWHGௐE\ௐWKLVௐ5)3
6KDZௐKDVௐEXVLQHVVௐOLFHQVHVௐLQௐHDFKௐRIௐRXUௐORFDWLRQVௐ:KHQௐZHௐKLUHௐDQௐLQVWDOODWLRQௐFRPSDQ\ௐ
ZHௐYHWௐWKHLUௐOLFHQVHV
3URYLGHௐDOOௐ³6XVSHQVLRQௐRUௐ'LVEDUPHQW´ௐ
LQIRUPDWLRQௐWKDWௐKDVௐDSSOLHGௐWRௐ\RXUௐRUJDQL]DWLRQௐ
GXULQJௐWKHௐSDVWௐWHQௐ\HDUV
7KHUHௐDUHௐQRQH
:LWKLQௐWKLVௐ5)3ௐFDWHJRU\ௐWKHUHௐPD\ௐEHௐ
VXEFDWHJRULHVௐRIௐVROXWLRQVௐ/LVWௐVXEFDWHJRU\ௐWLWOHVௐ
WKDWௐEHVWௐGHVFULEHௐ\RXUௐSURGXFWVௐDQGௐVHUYLFHV
7KHUHௐDUHௐQRQH
,QGXVWU\5HFRJQLWLRQ 0DUNHWSODFH6XFFHVV
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
/LQH
,WHP 4XHVWLRQ 5HVSRQVH
'HVFULEHௐDQ\ௐUHOHYDQWௐLQGXVWU\ௐDZDUGVௐRUௐ
UHFRJQLWLRQௐWKDWௐ\RXUௐFRPSDQ\ௐKDVௐUHFHLYHGௐLQௐ
WKHௐSDVWௐILYHௐ\HDUV
3DWFUDIW
ௐ
ௐ%HVWௐRIௐ1HRFRQௐ*ROGௐௐ'HFRQVWUXFWHGௐ)HOWௐௐ&DUSHWௐ0RGXODUௐ
ௐ%HVWௐRIௐ1HRFRQௐ*ROGௐௐ+DQGORRPௐௐ5HVLOLHQWௐௐ
ௐ0HWURSROLVௐ/LNHVௐIRUௐ+DQGORRPௐ
ௐ%XLOGLQJV
ௐ3URGXFWௐ,QQRYDWLRQௐIRUௐ'HFRQVWUXFWHGௐ)HOWௐௐ
ௐ,QWHULRUௐௐ6RXUFHVௐ+L3ௐDZDUGௐIRUௐ6XEWOHௐ,PSUHVVLRQVௐ
ௐ&RYHUDJHௐLQௐ&RQWUDFWௐ0HWURSROLVௐ6SHFLI\ௐ,QWHULRUௐ'HVLJQௐ,QWHULRUVௐௐ6RXUFHVௐ
$UFKLSURGXFWVௐௐ)ORRUௐ&RYHULQJௐ1HZVௐ)ORRUௐ&RYHULQJௐ:HHNO\ௐ)ORRUௐ7UHQGVௐ0DJD]LQHௐ)ORRUௐ
)RFXVௐ*UHHQௐௐ2SHUDWLRQVௐ0F0RUURZௐ5HSRUWVௐDQGௐ2IILFHௐ,QVLJKW
ௐ$GH[ௐ3ODWLQXPௐௐ'HFRQVWUXFWHGௐ0HWDOௐ
ௐ$GH[ௐ3ODWLQXPௐௐ0DWHULDOௐ3DUDGR[ௐ
ௐ$GH[ௐ3ODWLQXPௐௐ6XEWUDFWLYHௐ/D\HUVௐ
ௐ$GH[ௐ*ROGௐௐ$G0L[ௐ
ௐ$GH[ௐ*ROGௐௐ,VOHௐRIௐ6N\Hௐ
ௐ0HWURSROLV/LNHVௐௐ$UWHIDFWௐ
ௐ%HVWௐRIௐ1HR&RQௐ6LOYHUௐௐ'LFKURLFௐௐ&DUSHWௐ0RGXODUௐௐ
ௐௐ6FKRROௐ3ODQQLQJௐ ௐ0DQDJHPHQWௐDQGௐ&ROOHJHௐ3ODQQLQJௐDQGௐ0DQDJHPHQWௐ1HZௐ3URGXFWௐRIௐ
WKHௐ<HDUௐௐ7DQJLEOHௐ+XHௐௐௐ,QWHULRUௐ'HVLJQௐ%HVWௐRIௐ<HDUௐ$ZDUGVௐ+RQRUHHௐௐ'LFKURLFௐ
ௐ+L3ௐ+RQRUHHௐ0DQXIDFWXUHUௐ6HOOHUௐௐ0HJJKDQௐ+R\Wௐௐ
ௐ+L3ௐ+RQRUHHௐ:RUNSODFHௐ)ORRULQJௐ+DUGௐ6XUIDFHௐௐ:RRGWRQHௐ
ௐ3URGXFWௐ,QQRYDWLRQVௐ0HULWௐ$ZDUGௐQGௐ3ODFHௐௐ$UWHIDFWௐ
ௐ'DYH\ௐ$ZDUGௐ6LOYHUௐ:HEVLWHV&RQVWUXFWLRQௐIRUௐ:HEVLWHVௐௐ6KDZௐ6RXQGௐ$GYLVRUௐௐ
ௐ
ௐ%HVWௐRIௐ1HRFRQௐ6LOYHUௐௐ+DUGVXUIDFHௐௐ6XEWUDFWLYHௐ/D\HUVௐ
ௐ%XLOGLQJVௐ3URGXFWௐ,QQRYDWLRQௐ*UDQGௐ$ZDUGௐVWௐSODFHௐௐ6XEWUDFWLYHௐ/D\HUVௐௐ
ௐ+L3ௐ3URGXFWௐ'HVLJQHUௐ³5LVLQJௐ6WDU´ௐௐ.HOO\ௐ6WHZDUWௐ
ௐ
ௐ%HVWௐRIௐ1HRFRQௐ6LOYHUௐ±ௐ+HDOWKFDUHௐ±ௐ$G0L[ௐ
ௐ)ORRUௐ&RYHULQJௐ:HHNO\¶Vௐ*UHHQ6WHSௐ$ZDUGVௐ+RQRUHHௐ±ௐ'HFRQVWUXFWHGௐ%ODFNௐ
ௐ1LJKWLQJDOHௐ6LOYHUௐௐ+DUGௐ6XUIDFHௐௐ$G0L[ௐ
ௐ1LJKWLQJDOHௐ6LOYHUௐௐ5HVLOLHQWௐௐ9LQLQJVௐௐ
6KDZௐ&RQWUDFWௐ
ௐௐ,,'$+'ௐ3URGXFWௐ'HVLJQௐ&RPSHWLWLRQௐ±ௐ%HVWௐ&DUSHW5XJVௐ±ௐ&RPPXQLW\ௐ
ௐ&RQWUDFW¶Vௐ%HVWௐRIௐ1HR&RQௐ$ZDUGௐ±ௐ6LOYHUௐ0RGXODUௐ)ORRULQJௐ±ௐ6XLWHGௐ
ௐௐ0L[RORJ\ௐ$ZDUGௐ±ௐ3URGXFWௐRIௐWKHௐ<HDUௐ)ORRULQJௐ±ௐ,QVLGHௐ6KDSHV
ௐௐ,,'$ௐ*OREDO6KRSௐ3URGXFWௐ'HVLJQௐ&RPSHWLWLRQௐ±ௐ%HVWௐ)ORRULQJௐ±ௐ1DWXUDOௐ&KRUHRJUDSK\
ௐௐ0HWURSROLVௐ/LNHVௐ±ௐ+DYHQ
ௐௐ&RQWUDFW¶Vௐ%HVWௐRIௐ1HR&RQௐ$ZDUGௐ±ௐ*ROGௐ0RGXODUௐ)ORRULQJௐ±ௐ+DYHQ
ௐௐ+HDOWKFDUHௐ'HVLJQ¶Vௐ1LJKWLQJDOHௐ$ZDUGௐ±ௐ*ROGௐ0RGXODUௐ)ORRULQJௐ±ௐ+DYHQ
ௐௐ,QWHULRUௐ'HVLJQௐ0DJD]LQHௐ+L3ௐ$ZDUGௐ±ௐ%HVWௐ:RUNSODFHௐ)ORRULQJௐ±ௐ,QVLGHௐ6KDSHV
ௐௐ,QWHULRUௐ'HVLJQௐ0DJD]LQH¶Vௐ%HVWௐRIௐWKHௐ<HDUௐ$ZDUGௐ±ௐ&DUSHWௐ±ௐ,QVLGHௐ6KDSHV
ௐௐ'H]HHQ¶Vௐ3URGXFWௐ$ZDUGௐ/RQJOLVWௐ±ௐ,QVLGHௐ6KDSHV
ௐௐ,,'$+'ௐ3URGXFWௐ'HVLJQௐ&RPSHWLWLRQௐ±ௐ%HVWௐ5HVLOLHQWௐ)ORRULQJௐ±ௐ1DWXUDOௐ&KRUHRJUDSK\
ௐௐ&RQWUDFW¶Vௐ%HVWௐRIௐ1HR&RQௐ$ZDUGௐ±ௐ6LOYHUௐ+DUGௐ6XUIDFHௐ±ௐ1DWXUDOௐ&KRUHRJUDSK\
ௐௐ+HDOWKFDUHௐ'HVLJQ¶Vௐ1LJKWLQJDOHௐ$ZDUGௐ±ௐ6LOYHUௐ+DUGௐ6XUIDFHௐ±ௐ1DWXUDOௐ&KRUHRJUDSK\
ௐௐ*OREDO6KRS¶Vௐ%HVWௐ)ORRULQJௐDQGௐ%HVWௐRIௐ&RPSHWLWLRQௐ±ௐ&DQYDV
ௐௐ,,'$+'ௐ3URGXFWௐ'HVLJQௐ&RPSHWLWLRQௐ:LQQHUௐ±ௐ%HVWௐLQௐ)ORRULQJௐ±ௐ&DUSHWௐ±ௐ2IIௐWKHௐ*ULG
ௐௐ%HVWௐRIௐ1HR&RQௐ6LOYHUௐ$ZDUGௐ±ௐ&DUSHWௐ%URDGORRPௐ±ௐ0RGHUQௐ(GLW
ௐௐ1HR&RQௐ(GLWRU¶Vௐ&KRLFHௐ$ZDUGௐ±ௐ/97ௐ±ௐ0RGHUQௐ(GLWௐ
ௐௐ%HVWௐRIௐ1HR&RQௐ*ROGௐ±ௐ&RPSRVHௐ'HVLJQௐ7RRO
ௐௐ$UFKLW]HUௐ$ZDUGௐ±ௐ7KHௐ6WXGLR3DLQWLQJ
ௐௐ7KHௐ6OHHSௐ(YHQWௐ%&)$ௐ±ௐ3URGXFWௐRIௐWKHௐ<HDUௐ$ZDUGௐ±ௐ1REOHௐ0DWHULDOV
ௐௐ*OREDO6KRSௐ%HVWௐRIௐ)ORRULQJௐ±ௐ1REOHௐ0DWHULDOV
,Qௐௐ6KDZௐ,QGXVWULHVௐDVௐDௐZKROHௐZDVௐUDQNHGௐௐRQௐ)RUEHVௐOLVWௐIRUௐWKHௐ
ௐ%HVWௐ(PSOR\HUVௐLQௐWKHௐVWDWHௐRIௐ*HRUJLDௐ:HௐDOVRௐPDGHௐWKHௐ2IILFLDOௐ6KLSSHUௐRIௐWKHௐ&KRLFHௐ
OLVWௐLQௐௐ
&RUSRUDWHௐDZDUGVௐLQௐௐDUHௐ
ௐௐ*(ௐ(FRPDJLQDWLRQௐ/HDGHUVKLSௐ$ZDUG&OHDUௐ3DWKௐ5HF\FOLQJ
ௐௐ*(ௐ5HWXUQௐRQௐ(QYLURQPHQWௐ$ZDUG&OHDUௐ3DWKௐ5HF\FOLQJ
ௐௐ6XVWDLQDEOHௐ3XUFKDVLQJௐ/HDGHUVKLSௐ&RXQFLOௐ63/&ௐௐ3XUFKDVLQJ
/HDGHUVKLSௐ$ZDUGV
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
²ௐ0DUNHWௐ7UDQVIRUPDWLRQௐ/HDGHUVKLSௐ$ZDUG
²ௐ6XSSOLHUௐ/HDGHUVKLSௐ$ZDUG
ௐௐௐ)ORRUௐ&RYHULQJௐ1HZVௐ$ZDUGVௐRIௐ([FHOOHQFHௐௐ(QYLURQPHQWDO
/HDGHUVKLSௐ$ZDUG
ௐௐௐ86*%&ௐ/(('ௐ*ROGௐ6KDZௐ&RQWUDFWௐௐ1HZௐ<RUNௐ6KRZURRP
ௐௐௐ86*%&ௐ/(('ௐ6LOYHUௐ6KDZௐ&RQWUDFWௐௐ$WODQWDௐ6KRZURRP
ௐௐ6HOOLQJௐ3RZHUௐPDJD]LQHௐௐௐ%HVWௐ&RPSDQLHVௐWRௐ6HOOௐ)RU
ௐௐH/HDUQLQJௐPDJD]LQHௐௐ/HDUQLQJௐ
ௐௐ7UDLQLQJௐPDJD]LQHௐௐௐ7UDLQLQJௐ7RSௐ
:KDWௐSHUFHQWDJHௐRIௐ\RXUௐVDOHVௐDUHௐWRௐWKHௐ
JRYHUQPHQWDOௐVHFWRUௐLQௐWKHௐSDVWௐWKUHHௐ\HDUV
ௐ
ௐ
ௐ
:KDWௐSHUFHQWDJHௐRIௐ\RXUௐVDOHVௐDUHௐWRௐWKHௐ
HGXFDWLRQௐVHFWRUௐLQௐWKHௐSDVWௐWKUHHௐ\HDUV
ௐௐ
ௐௐ
ௐ
/LVWௐDQ\ௐVWDWHௐRUௐFRRSHUDWLYHௐSXUFKDVLQJௐ
FRQWUDFWVௐWKDWௐ\RXௐKROGௐ:KDWௐLVௐWKHௐDQQXDOௐ
VDOHVௐYROXPHௐIRUௐHDFKௐRIௐWKHVHௐFRQWUDFWVௐRYHUௐ
WKHௐSDVWௐWKUHHௐ\HDUV"
:HௐDUHௐFXUUHQWO\ௐRQௐFRQWUDFWௐZLWKௐ6RXUFHZHOOௐDVௐZHOOௐDVௐௐௐRWKHUௐFRRSHUDWLYHVௐ
.&'$
.H\VWRQHௐ3XUFKDVLQJௐ1HWZRUNௐௐ.31
0DVVDFKXVHWWVௐ+LJKHUௐ(GXFDWLRQௐ&RQVRUWLXPௐௐ0+(&
3DQKDQGOHௐ$UHDௐ(GXFDWLRQDOௐ&RQVRUWLXPௐௐ3$(&
3XUFKDVLQJௐ$VVRFLDWLRQௐRIௐ&RRSHUDWLYHௐ(QWLWLHVௐௐ3$&(
3XUFKDVLQJௐ&RRSHUDWLYHௐRIௐ$PHULFDௐௐ3&$
:HௐKDYHௐWKHௐIROORZLQJௐVWDWHௐFRQWUDFWVௐZKLFKௐDUHௐ
.HQWXFN\ௐ0DVVDFKXVHWWVௐ3HQQV\OYDQLDௐ9LUJLQLDௐ$ODVNDௐ$UL]RQDௐௐ&DOLIRUQLDௐ&RORUDGRௐ
&RQQHFWLFXWௐ'HODZDUHௐ)ORULGDௐ,RZDௐ.DQVDVௐ/RXLVLDQDௐ0LFKLJDQௐ0LQQHVRWDௐ0LVVLVVLSSLௐ
0LVVRXULௐ1HYDGDௐ1HZௐ-HUVH\ௐௐ1HZௐ<RUNௐ1RUWKௐ&DUROLQDௐ2KLRௐ2UHJRQௐ6RXWKௐ'DNRWDௐ
7HQQHVVHHௐ8WDKௐ9HUPRQWௐ:DVKLQJWRQௐDQGௐ:HVWௐ9LUJLQLD
2XUௐFOLHQWௐLQIRUPDWLRQௐLVௐFRQILGHQWLDOௐ:HௐGRௐQRWௐVKDUHௐWKHLUௐVDOHVௐQXPEHUVௐ,QௐWXUQௐZHௐZRXOGௐ
QRWௐVKDUHௐ6RXUFHZHOO
VௐQXPEHUV
/LVWௐDQ\ௐ*6$ௐFRQWUDFWVௐWKDWௐ\RXௐKROGௐ:KDWௐLVௐ
WKHௐDQQXDOௐVDOHVௐYROXPHௐIRUௐHDFKௐRIௐWKHVHௐ
FRQWUDFWVௐRYHUௐWKHௐSDVWௐWKUHHௐ\HDUV"
:HௐKDYHௐWKHௐIROORZLQJௐ*RYHUQPHQWௐ3XUFKDVLQJௐ&RQWUDFWௐ
*6$
2XUௐFOLHQWௐLQIRUPDWLRQௐLVௐFRQILGHQWLDOௐ:HௐGRௐQRWௐVKDUHௐWKHLUௐVDOHVௐQXPEHUVௐ,QௐWXUQௐZHௐZRXOGௐ
QRWௐVKDUHௐ6RXUFHZHOO
VௐQXPEHUV
5HIHUHQFHV7HVWLPRQLDOV
/LQH,WHP
(QWLW\1DPH
&RQWDFW1DPH
3KRQH1XPEHU
'HSDUWPHQWௐRIௐ0DQDJHPHQWௐ6HUYLFHVௐ)ORULGD 9LFWRULDௐ0LWFKHOO
YLFWRULDPLWFKHOO#GPVP\IORULGDFRP
&DEDUUXVௐ&RXQW\ 0RQW\ௐ(XG\
PGHXG\#FDEDUUXVFRXQW\XV
&LW\ௐRIௐ3RUWௐ6Wௐ/XFLH :HQG\ௐ5LWDFFR
ZULWDFFR#FLW\RISVOFRP
7RS)LYH*RYHUQPHQWRU(GXFDWLRQ&XVWRPHUV
/LQH,WHP3URYLGHDOLVWRI\RXUWRSILYHJRYHUQPHQWHGXFDWLRQRUQRQSURILWFXVWRPHUVHQWLW\QDPHLVRSWLRQDOLQFOXGLQJHQWLW\W\SHWKH
VWDWHRUSURYLQFHWKHHQWLW\LVORFDWHGLQVFRSHRIWKHSURMHFWVVL]HRIWUDQVDFWLRQVDQGGROODUYROXPHVIURPWKHSDVWWKUHH\HDUV
(QWLW\1DPH (QWLW\7\SH
6WDWH
3URYLQFH
6FRSHRI:RUN
6L]HRI7UDQVDFWLRQV
'ROODU9ROXPH3DVW7KUHH
<HDUV
6RXUFHZHOO *RYHUQPHQW 0LQQHVRWD01 )ORRULQJௐ0DWHULDOௐDQGௐ)XOOௐ7XUQNH\ௐ
PDWHULDOௐDQGௐLQVWDOODWLRQௐVHUYLFHV
&RQILGHQWLDO &RQILGHQWLDO
*6$ *RYHUQPHQW 'LVWULFWRI
&ROXPELD'&
)ORRULQJௐ0DWHULDOௐDQGௐ)XOOௐ7XUQNH\ௐ
PDWHULDOௐDQGௐLQVWDOODWLRQௐVHUYLFHV
&RQILGHQWLDO &RQILGHQWLDO
6WDWHௐRIௐ2UHJRQ *RYHUQPHQW 2UHJRQ25 )ORRULQJௐ0DWHULDOௐDQGௐ)XOOௐ7XUQNH\ௐ
PDWHULDOௐDQGௐLQVWDOODWLRQௐVHUYLFHV
&RQILGHQWLDO &RQILGHQWLDO
6WDWHௐRIௐ2KLR *RYHUQPHQW 2KLR2+ )ORRULQJௐ0DWHULDOௐDQGௐ)XOOௐ7XUQNH\ௐ
PDWHULDOௐDQGௐLQVWDOODWLRQௐVHUYLFHV
&RQILGHQWLDO &RQILGHQWLDO
1$632 1RQ3URILW .HQWXFN\.< )ORRULQJௐ0DWHULDOௐDQGௐ)XOOௐ7XUQNH\ௐ
PDWHULDOௐDQGௐLQVWDOODWLRQௐVHUYLFHV
&RQILGHQWLDO &RQILGHQWLDO
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
$ELOLW\WR6HOODQG'HOLYHU6HUYLFH1DWLRQZLGH
'HVFULEH\RXUFRPSDQ\¶VFDSDELOLW\WRPHHWWKHQHHGVRI6RXUFHZHOO0HPEHUVDFURVVWKH86DQG&DQDGDLIDSSOLFDEOH<RXUUHVSRQVHVKRXOGDGGUHVVLQ
GHWDLODWOHDVWWKHIROORZLQJDUHDVORFDWLRQVRI\RXUQHWZRUNRIVDOHVDQGVHUYLFHSURYLGHUVWKHQXPEHURIZRUNHUVIXOOWLPHHTXLYDOHQWVLQYROYHGLQHDFK
VHFWRUZKHWKHUWKHVHZRUNHUVDUH\RXUGLUHFWHPSOR\HHVRUHPSOR\HHVRIDWKLUGSDUW\DQGDQ\RYHUODSEHWZHHQWKHVDOHVDQGVHUYLFHIXQFWLRQV
/LQH
,WHP 4XHVWLRQ 5HVSRQVH
6DOHVௐIRUFH :HௐKDYHௐPRUHௐWKDQௐௐKLJKO\ௐWUDLQHGௐVDOHVௐSURIHVVLRQDOVௐWKURXJKRXWௐWKHௐ86ௐDQGௐ&DQDGDௐ
2XUௐTXDOLILHGௐSURIHVVLRQDOVௐDUHௐVWUDWHJLFDOO\ௐORFDWHGௐWRௐEHVWௐVXSSRUWௐRXUௐFXVWRPHUVௐ7KH\ௐDUHௐ
HTXLSSHGௐWRௐSURYLGHௐRXUௐFXVWRPHUVௐZLWKௐEHVWLQFODVVௐGHVLJQௐSURGXFWௐDQGௐRYHUDOOௐFXVWRPHUௐ
VXSSRUW
'HDOHUௐQHWZRUNௐRUௐRWKHUௐGLVWULEXWLRQௐPHWKRGV <RXUௐPHPEHUVௐZLOOௐKDYHௐHDV\ௐDFFHVVௐWRௐSURGXFWVௐ:HௐVHOOௐGLUHFWO\ௐWRௐFXVWRPHUVௐRUௐWKURXJKௐ
GHDOHUVௐ:HௐFXUUHQWO\ௐGRௐEXVLQHVVௐZLWKௐWKRXVDQGVௐRIௐGHDOHUVௐLQௐWKHௐ86ௐDQGௐ&DQDGD
6HUYLFHௐIRUFH 6XUYH\VௐLQௐ)ORRUௐ)RFXVௐUDQNௐ6KDZௐDVௐQXPEHUௐRQHௐLQௐVHUYLFHௐ6HUYLFHௐLVௐJHQHUDOO\ௐSURYLGHGௐE\ௐ
RXUௐVDOHVௐWHDPௐKRZHYHUௐZHௐKDYHௐDௐWHFKQLFDOௐVHUYLFHVௐWHDPௐRIௐௐHPSOR\HHVௐௐRIௐZKLFKௐFDQௐ
SURYLGHௐRQVLWHௐVXSSRUWௐ7KHVHௐWHFKQLFDOௐH[SHUWVௐSURYLGHௐWHVWLQJௐLQVWDOODWLRQௐVXSSRUWௐDQGௐ
PDLQWHQDQFHௐVXSSRUW
'HVFULEHௐLQௐGHWDLOௐWKHௐSURFHVVௐDQGௐSURFHGXUHௐ
RIௐ\RXUௐFXVWRPHUௐVHUYLFHௐSURJUDPௐLIௐ
DSSOLFDEOHௐௐ,QFOXGHௐ\RXUௐUHVSRQVHWLPHௐ
FDSDELOLWLHVௐDQGௐFRPPLWPHQWVௐDVௐZHOOௐDVௐDQ\ௐ
LQFHQWLYHVௐWKDWௐKHOSௐ\RXUௐSURYLGHUVௐPHHWௐ\RXUௐ
VWDWHGௐVHUYLFHௐJRDOVௐRUௐSURPLVHV
2XUௐVDOHVௐDQGௐWHFKQLFDOௐVHUYLFHௐWHDPVௐW\SLFDOO\ௐUHVSRQGௐZLWKLQௐௐKRXUVௐ:HௐKDYHௐJHQHUDOௐ
PDQXIDFWXULQJௐWLPHVௐRIௐFDUSHWௐLQௐௐZHHNVௐFDUSHWௐWLOHௐLQௐௐZHHNVௐDQGௐUHVLOLHQWௐZLWKௐQRௐOHDGௐWLPHௐ
SURGXFWVௐDUHௐLQௐVWRFNௐ6WDQGDUGௐGHOLYHU\ௐLVௐW\SLFDOO\ௐZLWKLQௐௐGD\Vௐ:KHQௐDQௐRUGHUௐLVௐSODFHGௐ
RXUௐFXVWRPHUௐVHUYLFHௐUHSUHVHQWDWLYHVௐSURYLGHௐVSHFLILFௐGHOLYHU\ௐGDWHVௐ$VௐDௐYHUWLFDOO\ௐLQWHJUDWHGௐ
FRPSDQ\ௐZHௐRZQௐDQGௐRSHUDWHௐWKHௐODUJHVWௐSULYDWHௐWUXFNLQJௐIOHHWௐLQௐWKHௐIORRULQJௐLQGXVWU\ௐ
$GGLWLRQDOO\ௐZHௐKDYHௐKXQGUHGVௐRIௐVHUYLFHVௐSURYLGHUVௐWKURXJKRXWௐWKHௐ86ௐ7KHVHௐYLWDOௐUHVRXUFHVௐ
KHOSௐXVௐWRௐPHHWௐRXUௐVHUYLFHௐJRDOV
,GHQWLI\ௐDQ\ௐJHRJUDSKLFௐDUHDVௐRIௐWKHௐ8QLWHGௐ
6WDWHVௐWKDWௐ\RXௐZLOOௐ127ௐEHௐIXOO\ௐVHUYLQJௐ
WKURXJKௐWKHௐSURSRVHGௐFRQWUDFW
:HௐVHUYLFHௐDOOௐDUHDV
,GHQWLI\ௐDQ\ௐ6RXUFHZHOOௐ0HPEHUௐVHFWRUVௐLHௐ
JRYHUQPHQWௐHGXFDWLRQௐQRWIRUSURILWௐWKDWௐ\RXௐ
ZLOOௐ127ௐEHௐIXOO\ௐVHUYLQJௐWKURXJKௐWKHௐSURSRVHGௐ
FRQWUDFWௐ([SODLQௐLQௐGHWDLOௐ)RUௐH[DPSOHௐGRHVௐ
\RXUௐFRPSDQ\ௐKDYHௐRQO\ௐDௐUHJLRQDOௐSUHVHQFHௐ
RUௐGRௐRWKHUௐFRRSHUDWLYHௐSXUFKDVLQJௐFRQWUDFWVௐ
OLPLWௐ\RXUௐDELOLW\ௐWRௐSURPRWHௐDQRWKHUௐFRQWUDFW"
:HௐZLOOௐVHUYHௐDOOௐVHFWRUV
'HILQHௐDQ\ௐVSHFLILFௐFRQWUDFWௐUHTXLUHPHQWVௐRUௐ
UHVWULFWLRQVௐWKDWௐZRXOGௐDSSO\ௐWRௐRXUௐ0HPEHUVௐLQௐ
+DZDLLௐDQGௐ$ODVNDௐDQGௐLQௐ86ௐ7HUULWRULHV
:HௐGRௐQRWௐSURYLGHௐLQVWDOODWLRQௐRUௐPDLQWHQDQFHௐVHUYLFHVௐLQௐ86ௐWHUULWRULHV
0DUNHWLQJ3ODQ
/LQH
,WHP 4XHVWLRQ 5HVSRQVH
'HVFULEHௐ\RXUௐPDUNHWLQJௐVWUDWHJ\ௐIRUௐ
SURPRWLQJௐWKLVௐFRQWUDFWௐRSSRUWXQLW\ௐௐ
8SORDGௐUHSUHVHQWDWLYHௐVDPSOHVௐRIௐ\RXUௐ
PDUNHWLQJௐPDWHULDOVௐLIௐDSSOLFDEOHௐLQௐWKHௐ
GRFXPHQWௐXSORDGௐVHFWLRQௐRIௐ\RXUௐ
UHVSRQVH
6HWWLQJௐWKHௐFRUUHFWௐSULFHௐLVௐDௐNH\ௐSDUWௐRIௐRXUௐVWUDWHJ\ௐWRRௐORZௐDQGௐRXUௐVDOHVௐWHDPௐLVௐQRWௐPRWLYDWHGௐ
WRௐVHOOௐWRRௐKLJKௐDQGௐRXUௐFXVWRPHUVௐDUHௐQRWௐSURSHUO\ௐVHUYHGௐ6RௐZHௐWKLQNௐYHU\ௐFDUHIXOO\ௐDERXWௐRXUௐ
SULFLQJௐ%HFDXVHௐZHௐDUHௐWKHௐODUJHVWௐFDUSHWௐPDQXIDFWXUHUௐDQGௐRQHௐRIௐWKHௐODUJHVWௐIORRULQJௐ
PDQXIDFWXUHUVௐZHௐPDQDJHௐPDQ\ௐFRQWUDFWVௐDQGௐXQGHUVWDQGௐZKDWௐZRUNVௐ:HௐKDYHௐWKUHHௐEUDQGVௐRQௐ
\RXUௐFRQWUDFWௐDQGௐHDFKௐKDVௐDௐPDUNHWLQJௐPDQDJHUௐ.LHUHQௐ&RUFRUDQௐZLWKௐ3DWFUDIWௐ0LFKHOOHௐ&DUSHQWHUௐ
ZLWKௐ6KDZௐ&RQWUDFWௐDQGௐ4XHQWLQௐ4XDWKDPHUௐZLWKௐ3KLODGHOSKLDௐ&RPPHUFLDOௐZLOOௐGHYHORSௐDQGௐLPSOHPHQWௐ
WKHௐPDUNHWLQJௐSODQௐIRUௐWKHௐ6RXUFHZHOOௐFRQWUDFWௐ)LUVWௐRSHUDWLRQDOO\ௐ\RXUௐFRQWUDFWௐZLOOௐEHௐDYDLODEOHௐRQௐ
RXUௐLQWHUQDOௐVLWHௐௐIRUௐRXUௐVDOHVௐUHSUHVHQWDWLYHVௐWRௐXVHௐDQGௐXSGDWHGௐLQௐDOOௐRIௐRXUௐGDWDௐV\VWHPVௐ
7KHQௐRXUௐPDLQௐPDUNHWLQJௐDYHQXHVௐDUHௐZHEௐFDOOVௐHPDLOௐEODVWVௐ)DFHERRNௐ7ZLWWHUௐ3LQWHUHVWௐ
,QVWDJUDPௐ<RX7XEHௐIO\HUVௐDQGௐWUDGHௐVKRZVௐ$WWDFKHGௐDUHௐVRPHௐPDUNHWLQJௐPDWHULDOVௐZHௐKDYHௐXVHGௐ
LQௐWKHௐSDVW
'HVFULEHௐ\RXUௐXVHௐRIௐWHFKQRORJ\ௐDQGௐ
GLJLWDOௐGDWDௐHJௐVRFLDOௐPHGLDௐPHWDGDWDௐ
XVDJHௐWRௐHQKDQFHௐPDUNHWLQJௐ
HIIHFWLYHQHVV
:HௐZLOOௐFRQVLGHUௐDOOௐRIௐRXUௐVRFLDOௐPHGLDௐFKDQQHOVௐIRUௐ\RXUௐPDUNHWLQJௐSODQௐHPDLOௐEODVWVௐ)DFHERRNௐ
7ZLWWHUௐ3LQWHUHVWௐ,QVWDJUDPௐDQGௐ<RX7XEHௐ:HௐWUDFNௐPHWDGDWDௐIRUௐRXUௐPHGLDௐPDUNHWLQJௐRXWOHWVௐWRௐ
GHWHUPLQHௐRXUௐPRVWௐHIIHFWLYHௐPHVVDJLQJௐFRQWHQW
,Qௐ\RXUௐYLHZௐZKDWௐLVௐ6RXUFHZHOO¶VௐUROHௐLQௐ
SURPRWLQJௐFRQWUDFWVௐDULVLQJௐRXWௐRIௐWKLVௐ
5)3"ௐ+RZௐZLOOௐ\RXௐLQWHJUDWHௐDௐ6RXUFHZHOO
DZDUGHGௐFRQWUDFWௐLQWRௐ\RXUௐVDOHVௐSURFHVV"
:HௐKDYHௐEHHQௐYHU\ௐSOHDVHGௐZLWKௐRXUௐUHODWLRQVKLSௐ:HௐDSSUHFLDWHௐ\RXUௐIOH[LELOLW\ௐDQGௐUHVSRQVLYHQHVVௐ
7KLVௐLVௐWKHௐPRVWௐLPSRUWDQWௐWKLQJௐ\RXௐEULQJௐWRௐWKHௐVDOHVௐSURFHVVௐ$Vௐ\RXௐNQRZௐZHௐPDQDJHௐPDQ\ௐ
FRQWUDFWVௐ<RXௐDUHௐRQHௐRIௐRXUௐROGHVWௐDQGௐODUJHVWௐEX\LQJௐFRRSHUDWLYHVௐDQGௐRXUௐVDOHVௐUHSUHVHQWDWLYHVௐ
DUHௐDOUHDG\ௐIDPLOLDUௐZLWKௐ\RXUௐFRQWUDFWௐ<RXUௐFRQWUDFWௐDQGௐPDUNHWLQJௐPDWHULDOௐZLOOௐEHௐDYDLODEOHௐRQOLQHௐ
IRUௐRXUௐVDOHVௐWHDPVௐ:HௐZLOOௐKRVWௐDௐZHEௐFDOOௐZLWKௐRXUௐUHSUHVHQWDWLYHVௐRXWOLQLQJௐWKHௐFRQWUDFWௐ
SUHVHQWLQJௐWKHௐPDUNHWLQJௐPDWHULDOVௐDQGௐDQVZHULQJௐTXHVWLRQVௐ6KDZ
VௐWKUHHௐPDUNHWLQJௐPDQDJHUVௐZLOOௐ
DOHUWௐVDOHVௐUHSUHVHQWDWLYHVௐZKHQௐZHௐDWWHQGௐWUDGHௐVKRZVௐVRௐWKH\ௐFDQௐSDUWLFLSDWHௐ7KHௐPDUNHWLQJௐ
PDQDJHUVௐZLOOௐEHௐDYDLODEOHௐWRௐDVVLVWௐUHSUHVHQWDWLYHVௐZLWKௐDQ\ௐTXHVWLRQVௐDORQJௐWKHௐZD\
$UHௐ\RXUௐSURGXFWVௐRUௐVHUYLFHVௐDYDLODEOHௐ
WKURXJKௐDQௐHSURFXUHPHQWௐRUGHULQJௐ
SURFHVV"ௐ,IௐVRௐGHVFULEHௐ\RXUௐH
SURFXUHPHQWௐV\VWHPௐDQGௐKRZௐ
JRYHUQPHQWDOௐDQGௐHGXFDWLRQDOௐFXVWRPHUVௐ
KDYHௐXVHGௐLW
<HVௐ\RXUௐPHPEHUVௐFDQௐRUGHUௐWKURXJKௐ(',
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
9DOXH$GGHG$WWULEXWHV
/LQH
,WHP 4XHVWLRQ 5HVSRQVH
'HVFULEHௐDQ\ௐSURGXFWௐHTXLSPHQWௐ
PDLQWHQDQFHௐRUௐRSHUDWRUௐWUDLQLQJௐ
SURJUDPVௐWKDWௐ\RXௐRIIHUௐWRௐ6RXUFHZHOOௐ
0HPEHUVௐ,QFOXGHௐGHWDLOVௐVXFKௐDVௐ
ZKHWKHUௐWUDLQLQJௐLVௐVWDQGDUGௐRUௐ
RSWLRQDOௐZKRௐSURYLGHVௐWUDLQLQJௐDQGௐ
DQ\ௐFRVWVௐWKDWௐDSSO\
:HௐKDYHௐWKHௐPRVWௐUREXVWௐVHUYLFHௐWHDPௐLQௐWKHௐLQGXVWU\ௐ:HௐSURYLGHௐIUHHௐLQVWDOODWLRQௐDQGௐPDLQWHQDQFHௐ
WUDLQLQJௐWRௐ6RXUFHZHOOௐ0HPEHUVௐ)LUVWௐZHௐSURYLGHௐZULWWHQௐLQVWUXFWLRQௐ6HFRQGௐZHௐSURYLGHௐYLGHRௐ
LQVWUXFWLRQௐ7KLVௐLVௐSDUWLFXODUO\ௐKHOSIXOௐZKHQௐEULQJLQJௐRQௐQHZௐVWDIIௐ)LQDOO\ௐZHௐFDQௐDUUDQJHௐIRUௐRQVLWHௐ
WUDLQLQJ
'HVFULEHௐDQ\ௐWHFKQRORJLFDOௐDGYDQFHVௐ
WKDWௐ\RXUௐSURSRVHGௐSURGXFWVௐRUௐ
VHUYLFHVௐRIIHU
2XUௐ(FR:RU[ௐFDUSHWௐWLOHௐLVௐ39&ௐIUHHௐZKLFKௐLVௐLPSRUWDQWௐWRௐWKRVHௐPHPEHUVௐUHGXFLQJௐWKHLUௐGHSHQGHQFHௐ
RQௐ39&ௐ2XUௐ/RN'RWVௐGU\ௐDGKHVLYHௐWDEVௐPDNHௐLQVWDOODWLRQௐTXLFNHUௐDQGௐWKHUHௐLVௐOHVVௐZDVWHௐWKDQௐZLWKௐ
ZHWௐDGKHVLYHௐ/RN:RU[ௐGU\ௐDGKHVLYHௐWDEVௐDOORZௐPHPEHUVௐWRௐEXLOGௐWKHLUௐRZQௐUXJVௐZLWKௐFDUSHWௐWLOHௐDௐ
SRSXODUௐRSWLRQௐIRUௐWKRVHௐLQVWDOOLQJௐKDUGௐVXUIDFHௐIORRULQJௐWRௐUHGXFHௐWKHௐQRLVHௐ:HௐRIIHUௐDௐQHZௐZHWௐ
DGKHVLYHௐWKDWௐPHPEHUVௐFDQௐXVHௐIRUௐFDUSHWௐRUௐUHVLOLHQWௐIORRULQJௐDQGௐWKHௐSDLOௐLVௐUHVHDODEOHௐ,WௐFDQௐEHௐ
UHXVHGௐXSௐWRௐௐWLPHVௐ7KLVௐVDYHVௐVWRUDJHௐVSDFHௐDQGௐVLPSOLILHVௐWKHௐLQVWDOODWLRQௐSURFHVVௐ2XUௐQHZௐ
OLJKWZHLJKWௐ6WUDWD:RU[ௐFDUSHWௐWLOHVௐDUHௐZHOOௐVXLWHGௐZKHQௐ\RXUௐPHPEHUVௐQHHGௐDௐFDUSHWௐWLOHௐDWௐDௐ
EURDGORRPௐSULFH
'HVFULEHௐDQ\ௐ³JUHHQ´ௐLQLWLDWLYHVௐWKDWௐ
UHODWHௐWRௐ\RXUௐFRPSDQ\ௐRUௐWRௐ\RXUௐ
SURGXFWVௐRUௐVHUYLFHVௐDQGௐLQFOXGHௐDௐ
OLVWௐRIௐWKHௐFHUWLI\LQJௐDJHQF\ௐIRUௐHDFK
2XUௐFRPSDQ\ௐJUHHQௐLQLWLDWLYHVௐDUH
ௐௐ3URGXFWVௐGHVLJQHGௐWRௐEHௐUHF\FODEOHௐDQGௐWRௐXVHௐOHVVௐPDWHULDO
ௐௐ0DQXIDFWXULQJௐSURFHVVHVௐWKDWௐFRQWLQXDOO\ௐUHGXFHௐRXUௐLPSDFWௐRQௐWKHௐHQYLURQPHQWௐௐOHVVௐZDWHUௐOHVVௐ
HQHUJ\ௐDQGௐOHVVௐZDVWHௐ
ௐௐ6LPSOHௐUHF\FOLQJௐVHUYLFHVௐIRUௐRXUௐFXVWRPHUV
2XUௐSURJUHVVௐLVௐUHSRUWHGௐDQQXDOO\ௐLQௐRXUௐVXVWDLQDELOLW\ௐUHSRUWௐDWௐ
KWWSVVKDZLQFFRP1HZVURRP6XVWDLQDELOLW\5HSRUWVௐ
2XUௐFDUSHWௐWLOHௐPDQXIDFWXULQJௐIDFLOLWLHVௐDUHௐ,62ௐௐFHUWLILHGௐHQYLURQPHQWDOௐDQGௐ,62ௐௐFHUWLILHGௐ
TXDOLW\ௐE\ௐ%61ௐHQYLURQPHQWDOௐDQGௐTXDOLW\ௐUHVSHFWLYHO\ௐௐ2XUௐFRPPHUFLDOௐPDQXIDFWXULQJௐIDFLOLWLHVௐDUHௐ
FDUERQௐQHXWUDOௐ
7RௐKHOSௐRXUௐFXVWRPHUVௐDVVHVVௐRXUௐSURGXFWVௐZHௐSURYLGH
+HDOWKௐ3URGXFWௐ'HFODUDWLRQVௐKHDOWKௐLPSDFW
(QYLURQPHQWDOௐ3URGXFWௐ'HFODUDWLRQVௐHQYLURQPHQWDOௐLPSDFW
'HFODUHௐ/DEHOVௐVKRZLQJௐRXUௐLQJUHGLHQWV
,GHQWLI\ௐDQ\ௐWKLUGSDUW\ௐLVVXHGௐHFR
ODEHOVௐUDWLQJVௐRUௐFHUWLILFDWLRQVௐWKDWௐ
\RXUௐFRPSDQ\ௐKDVௐUHFHLYHGௐIRUௐWKHௐ
HTXLSPHQWௐRUௐSURGXFWVௐLQFOXGHGௐLQௐ
\RXUௐ3URSRVDOௐUHODWHGௐWRௐHQHUJ\ௐ
HIILFLHQF\ௐRUௐFRQVHUYDWLRQௐOLIHF\FOHௐ
GHVLJQௐFUDGOHWRFUDGOHௐRUௐRWKHUௐ
JUHHQVXVWDLQDELOLW\ௐIDFWRUV
2XUௐSURGXFWௐFHUWLILFDWLRQVௐLQFOXGH
&UDGOHௐWRௐ&UDGOHௐ&HUWLILFDWLRQௐE\ௐWKHௐ,QQRYDWLRQௐ,QVWLWXWHௐFDUSHW
16)ௐௐFHUWLILFDWLRQௐIURPௐ$16,ௐFDUSHW
*UHHQௐ/DEHOௐ3OXVௐDLUௐTXDOLW\ௐIURPௐ7KHௐ&DUSHWௐDQGௐ5XJௐ,QVWLWXWH
)ORRU6FRUHௐFHUWLILFDWLRQௐIURPௐ6&6ௐ*OREDOௐ6HUYLFHVௐIRUௐUHVLOLHQWௐ
6PDUW:D\ௐFHUWLILFDWLRQௐIRUௐWKHௐHIILFLHQWௐXVHௐRIௐIXHO
'HVFULEHௐDQ\ௐ:RPHQௐRUௐ0LQRULW\ௐ
%XVLQHVVௐ(QWLW\ௐ:0%(ௐ6PDOOௐ
%XVLQHVVௐ(QWLW\ௐ6%(ௐRUௐYHWHUDQௐ
RZQHGௐEXVLQHVVௐFHUWLILFDWLRQVௐWKDWௐ
\RXUௐFRPSDQ\ௐRUௐKXEௐSDUWQHUVௐKDYHௐ
REWDLQHGௐ8SORDGௐGRFXPHQWDWLRQௐRIௐ
FHUWLILFDWLRQௐDVௐDSSOLFDEOHௐLQௐWKHௐ
GRFXPHQWௐXSORDGௐVHFWLRQௐRIௐ\RXUௐ
UHVSRQVH
$VௐDௐSULYDWHௐFRPSDQ\ௐRZQHGௐE\ௐDௐFRUSRUDWLRQௐ%HUNVKLUHௐ+DWKDZD\ௐZHௐGRௐQRWௐTXDOLI\ௐDVௐDௐPLQRULW\ௐ
HQWHUSULVH
:KDWௐXQLTXHௐDWWULEXWHVௐGRHVௐ\RXUௐ
FRPSDQ\ௐ\RXUௐSURGXFWVௐRUௐ\RXUௐ
VHUYLFHVௐRIIHUௐWRௐ6RXUFHZHOOௐ
0HPEHUV"ௐ:KDWௐPDNHVௐ\RXUௐ
SURSRVHGௐVROXWLRQVௐXQLTXHௐLQௐ\RXUௐ
LQGXVWU\ௐDVௐLWௐDSSOLHVௐWRௐ6RXUFHZHOOௐ
PHPEHUV"
'HDOHUVௐGHVLJQHUVௐDQGௐIDFLOLW\ௐPDQDJHUVௐFRQVLVWHQWO\ௐUDQNௐ6KDZ
VௐVHUYLFHௐDQGௐTXDOLW\ௐDVௐWKHௐEHVWௐLQௐ
WKHௐLQGXVWU\ௐ2XUௐSURGXFWVௐDUHௐRQௐWKHௐFXWWLQJௐHGJHௐRIௐLQQRYDWLRQௐDQGௐWKHௐௐSHRSOHௐLQௐRXUௐVHUYLFHௐ
GLYLVLRQௐDUHௐDYDLODEOHௐWRௐDQVZHUௐTXHVWLRQVௐSURYLGHௐWHVWLQJௐRUௐDUUDQJHௐWUDLQLQJ
,GHQWLI\ௐ\RXUௐDELOLW\ௐDQGௐZLOOLQJQHVVௐWRௐ
SURYLGHௐ\RXUௐSURGXFWVௐDQGௐVHUYLFHVௐ
WRௐ6RXUFHZHOOௐPHPEHUௐDJHQFLHVௐLQௐ
&DQDGD
:HௐSURYLGHௐ6RXUFHZHOOௐDJHQFLHVௐLQௐ&DQDGDௐZLWKௐWKHௐVDPHௐOHYHOௐRIௐVHUYLFHௐDVௐWKHௐ86ௐZLWKௐWKHௐ
H[FHSWLRQௐRIௐLQVWDOODWLRQௐVHUYLFHV
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
:DUUDQW\
'HVFULEHLQGHWDLO\RXUPDQXIDFWXUHUZDUUDQW\SURJUDPLQFOXGLQJFRQGLWLRQVDQGUHTXLUHPHQWVWRTXDOLI\FODLPVSURFHGXUHDQGRYHUDOO
VWUXFWXUH<RXPD\XSORDGUHSUHVHQWDWLYHVDPSOHVRI\RXUZDUUDQW\PDWHULDOVLIDSSOLFDEOHLQWKHGRFXPHQWXSORDGVHFWLRQRI\RXUUHVSRQVH
LQDGGLWLRQWRUHVSRQGLQJWRWKHTXHVWLRQVEHORZ
/LQH
,WHP 4XHVWLRQ 5HVSRQVH
'Rௐ\RXUௐZDUUDQWLHVௐFRYHUௐDOOௐSURGXFWVௐSDUWVௐDQGௐODERU" <HVௐZHௐRIIHUௐGHWDLOHGௐZDUUDQWLHVௐRQௐHDFKௐRIௐRXUௐSURGXFWVௐLQFOXGLQJௐOLIHWLPHௐ
ZDUUDQWLHVௐRQௐRXUௐ(FR:RU[ௐWLOHௐSURGXFWVௐ:HௐDOVRௐSURYLGHௐDௐZRUNPDQVKLSௐZDUUDQW\ௐ
IRUௐRXUௐLQVWDOODWLRQௐVHUYLFHV
'Rௐ\RXUௐZDUUDQWLHVௐLPSRVHௐXVDJHௐUHVWULFWLRQVௐRUௐRWKHUௐ
OLPLWDWLRQVௐWKDWௐDGYHUVHO\ௐDIIHFWௐFRYHUDJH"
<HVௐ\RXௐPXVWௐLQVWDOOௐWKHௐSURGXFWௐDFFRUGLQJௐWRௐLQVWUXFWLRQVௐDQGௐ\RXௐPXVWௐPDLQWDLQௐWKHௐ
SURGXFWVௐDFFRUGLQJௐWRௐPDLQWHQDQFHௐLQVWUXFWLRQVௐ7KHVHௐLQVWUXFWLRQVௐDUHௐDYDLODEOHௐRQௐ
WKHௐZHEVLWHௐWKURXJKௐWKHௐGHDOHUௐDQGௐWKURXJKௐRXUௐFXVWRPHUௐVHUYLFHௐGHSDUWPHQW
'Rௐ\RXUௐZDUUDQWLHVௐFRYHUௐWKHௐH[SHQVHௐRIௐWHFKQLFLDQV¶ௐ
WUDYHOௐWLPHௐDQGௐPLOHDJHௐWRௐSHUIRUPௐZDUUDQW\ௐUHSDLUV"
<HV
$UHௐWKHUHௐDQ\ௐJHRJUDSKLFௐUHJLRQVௐRIௐWKHௐ8QLWHGௐ6WDWHVௐ
DQGௐ&DQDGDௐLIௐDSSOLFDEOHௐIRUௐZKLFKௐ\RXௐFDQQRWௐ
SURYLGHௐDௐFHUWLILHGௐWHFKQLFLDQௐWRௐSHUIRUPௐZDUUDQW\ௐ
UHSDLUV"ௐௐ+RZௐZLOOௐ6RXUFHZHOOௐ0HPEHUVௐLQௐWKHVHௐUHJLRQVௐ
EHௐSURYLGHGௐVHUYLFHௐIRUௐZDUUDQW\ௐUHSDLU"
1R
:LOOௐ\RXௐFRYHUௐZDUUDQW\ௐVHUYLFHௐIRUௐLWHPVௐPDGHௐE\ௐ
RWKHUௐPDQXIDFWXUHUVௐWKDWௐDUHௐSDUWௐRIௐ\RXUௐSURSRVDOௐRUௐ
DUHௐWKHVHௐZDUUDQWLHVௐLVVXHVௐW\SLFDOO\ௐSDVVHGௐRQௐWRௐWKHௐ
RULJLQDOௐHTXLSPHQWௐPDQXIDFWXUHU"
:HௐFRYHUௐWKHௐZDUUDQW\ௐVHUYLFHௐIRUௐDOOௐRIௐWKHௐSURGXFWVௐZHௐVHOO
:KDWௐDUHௐ\RXUௐSURSRVHGௐH[FKDQJHௐDQGௐUHWXUQௐSURJUDPVௐ
DQGௐSROLFLHV"
,Iௐ\RXௐFDQFHOௐ\RXUௐUXQQLQJௐOLQHௐSURGXFWௐSULRUௐWRௐVKLSSLQJௐWKHUHௐLVௐQRௐUHVWRFNௐRUௐ
FDQFHOODWLRQௐIHHௐ,Iௐ\RXUௐRUGHUௐKDVௐVKLSSHGௐ\RXௐZLOOௐLQFXUௐUHVWRFNLQJௐDQGௐIUHLJKWௐ
IHHVௐௐ)RUௐEURDGORRPௐXQGHUௐௐIHHWௐWKHௐFKDUJHௐLVௐௐRIௐWKHௐLQYRLFHௐSOXVௐIUHLJKWௐ
)RUௐEURDGORRPௐRYHUௐௐIHHWௐWKHௐFKDUJHௐLVௐௐRIௐWKHௐLQYRLFHௐSOXVௐIUHLJKWௐ)RUௐ
FDUSHWௐWLOHௐWKHௐFKDUJHௐLVௐௐSOXVௐIUHLJKWௐ,IௐZHௐVKLSௐSURGXFWVௐLQௐHUURUௐRUௐZLWKௐ
GHIHFWLYHௐPDWHULDOௐ\RXUௐSURGXFWVௐZLOOௐEHௐUHWXUQHGௐDWௐQRௐFKDUJHௐ:HௐZLOOௐUHSODFHௐ\RXUௐ
RUGHUௐDVௐVRRQௐDVௐSRVVLEOHௐ,IௐWKHUHௐDUHௐVSHFLDOௐFLUFXPVWDQFHVௐUHODWHGௐWRௐWKHௐ
FDQFHOODWLRQௐZHௐZLOOௐZRUNௐZLWKௐ\RXௐWRௐPLQLPL]HௐFRVWV
'HVFULEHௐDQ\ௐVHUYLFHௐFRQWUDFWௐRSWLRQVௐIRUௐWKHௐLWHPVௐ
LQFOXGHGௐLQௐ\RXUௐSURSRVDO
:HௐDUHௐRQO\ௐRIIHULQJௐSURGXFWVௐLQௐWKLVௐSURSRVDO
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
3D\PHQW7HUPVDQG)LQDQFLQJ2SWLRQV
/LQH
,WHP 4XHVWLRQ 5HVSRQVH
:KDWௐDUHௐ\RXUௐSD\PHQWௐWHUPVௐHJௐQHWௐௐQHWௐ" 1HWௐ
'Rௐ\RXௐSURYLGHௐOHDVLQJௐRUௐILQDQFLQJௐRSWLRQVௐHVSHFLDOO\ௐWKRVHௐ
RSWLRQVௐWKDWௐVFKRROVௐDQGௐJRYHUQPHQWDOௐHQWLWLHVௐPD\ௐQHHGௐWRௐXVHௐ
LQௐRUGHUௐWRௐPDNHௐFHUWDLQௐDFTXLVLWLRQV"
1R
%ULHIO\ௐGHVFULEHௐ\RXUௐSURSRVHGௐRUGHUௐSURFHVVௐ,QFOXGHௐHQRXJKௐ
GHWDLOௐWRௐVXSSRUWௐ\RXUௐDELOLW\ௐWRௐUHSRUWௐTXDUWHUO\ௐVDOHVௐWRௐ
6RXUFHZHOOௐDVௐGHVFULEHGௐLQௐWKHௐ&RQWUDFWௐWHPSODWHௐ)RUௐH[DPSOHௐ
LQGLFDWHௐZKHWKHUௐ\RXUௐGHDOHUௐQHWZRUNௐLVௐLQFOXGHGௐLQௐ\RXUௐ
UHVSRQVHௐDQGௐZKHWKHUௐHDFKௐGHDOHUௐRUௐVRPHௐRWKHUௐHQWLW\ௐZLOOௐ
SURFHVVௐWKHௐ6RXUFHZHOOௐ0HPEHUV¶ௐSXUFKDVHௐRUGHUV
:HௐKDYHௐDௐFRPSUHKHQVLYHௐRUGHULQJௐSURFHVVௐIRUௐHDFKௐW\SHௐRIௐIORRULQJௐ
WUDQVDFWLRQௐ0DWHULDORQO\ௐRUGHUVௐ7XUQNH\ௐRUGHUVௐDQGௐ'HDOHUௐ0DWHULDORQO\ௐ
RUGHUVௐ7KHௐSURFHVVௐIRUௐHDFKௐRIௐWKHVHௐLVௐDVௐIROORZV
0DWHULDOௐ21/<ௐRUGHUV
&XVWRPHUௐHPDLOVௐ6,6ௐZLWKௐRUGHUௐUHTXHVWௐOLVWLQJௐ&XVWRPHUௐ,QIRUPDWLRQௐ%LOOௐWRௐ
DGGUHVVௐ-REௐQDPHௐ6KDZௐ3URGXFWௐDQGௐ$GKHVLYHௐௐௐௐ
6,6ௐௐFUHDWHVௐDௐSURSRVDOௐDQGௐVHQGVௐLWௐWRௐWKHௐFXVWRPHUௐௐHQGXVHUௐIRUௐUHYLHZ
,IௐWKHௐFXVWRPHUௐDFFHSWVௐWKHௐSURSRVDOௐWKHௐFXVWRPHUௐZLOOௐQHHGௐWRௐLVVXHௐDௐ
IRUPDOௐSXUFKDVHௐRUGHUௐEDFNௐWRௐ6,6ௐ
6,6ௐௐSURFHVVHVௐWKHௐRUGHUௐDQGௐHPDLOVௐFXVWRPHUௐZLWKௐVWRFNEDFNRUGHUௐ
LQIRUPDWLRQௐDORQJௐZLWKௐDQௐRUGHUௐFRQILUPDWLRQௐDQGௐOLYHௐRUGHUௐWUDFNLQJௐOLQN
0DWHULDOௐLVௐVKLSSHGௐWRௐWKHௐFXVWRPHU
6,6ௐௐ&XVWRPHUௐLVௐLQYRLFHGௐDQGௐSD\Vௐ6,6ௐSHUௐWKHௐLQYRLFH
7XUQNH\ௐRUGHUV
&XVWRPHUௐHPDLOVௐ6,6ௐZLWKௐRUGHUௐUHTXHVWௐOLVWLQJௐ&XVWRPHUௐ,QIRUPDWLRQௐ%LOOௐWRௐ
DGGUHVVௐ-REௐQDPHௐ6KDZௐ3URGXFWௐ$GKHVLYHௐ7KHௐ,QVWDOODWLRQௐYHQGRUௐFDQௐ
VHQGௐWKLVௐDVௐZHOOௐLIௐWKH\ௐDUHௐZRUNLQJௐGLUHFWO\ௐZLWKௐWKHௐFXVWRPHUௐௐௐௐ
,QVWDOODWLRQௐ9HQGRUௐSURYLGHVௐODERUௐTXRWH
6,6ௐௐFUHDWHVௐDௐWXUQNH\ௐSURSRVDOௐDQGௐVHQWௐWRௐWKHௐ&XVWRPHUௐௐ(QGXVHU
,IௐWKHௐFXVWRPHUௐDFFHSWVௐWKHௐSURSRVDOௐWKHௐFXVWRPHUௐZLOOௐQHHGௐWRௐLVVXHௐDௐ
IRUPDOௐSXUFKDVHௐRUGHUௐEDFNௐWRௐ6,6ௐௐ
6,6ௐௐSURFHVVHVௐWKHௐRUGHUௐDQGௐHPDLOVௐFXVWRPHUௐDQGௐLQVWDOOHUௐZLWKௐ
VWRFNEDFNRUGHUௐLQIRUPDWLRQௐDORQJௐZLWKௐDQௐRUGHUௐFRQILUPDWLRQௐDQGௐOLYHௐRUGHUௐ
WUDFNLQJௐOLQN
0DWHULDOௐLVௐVKLSSHGௐRXWௐWRௐWKHௐ,QVWDOODWLRQௐ9HQGRUௐRUௐFXVWRPHUௐ'HSHQGVௐRQௐ
VWRUDJHௐDWௐWKHௐMREௐVLWHௐ
6,6ௐௐZRUNௐRUGHUௐDQGௐFXVWRPHUௐZRUNௐUHOHDVHௐIRUPVௐDUHௐVHQWௐWRௐLQVWDOODWLRQௐ
YHQGRU
:KHQௐWKHௐMREௐLVௐFRPSOHWHGௐWKHௐVLJQHGௐZRUNௐRUGHUௐDQGௐFXVWRPHUௐZRUNௐ
UHOHDVHௐDUHௐVHQWௐWRௐ6,6
6,6ௐௐSD\VௐWKHௐLQVWDOODWLRQௐYHQGRU
6,6ௐௐVHQGௐWKHௐFXVWRPHUௐLVௐLQYRLFHGௐDQGௐSD\Vௐ6,6ௐSHUௐWKHௐLQYRLFHௐௐ
'HDOHUௐ0DWHULDOௐ21/<
7KHௐGHDOHUௐVHQGVௐWKHௐFXVWRPHUௐSURSRVDOௐIRUௐPDWHULDOௐDQGௐODERUௐVHUYLFHVௐLIௐ
QHHGHGௐௐ
7KHௐGHDOHUௐVHQGVௐ6,6ௐDௐ32ௐIRUௐPDWHULDOௐRQO\ௐ7KLVௐLVௐIRUௐUHSRUWLQJௐWRௐ
6RXUFHZHOOௐ
'HDOHUௐPXVWௐVLJQௐDௐGHDOHUௐSDUWLFLSDWLRQௐDJUHHPHQWௐLIௐRQHௐLVௐQRWௐRQௐILOHௐ
6,6ௐZLOOௐSURYLGH
'HDOHUௐ32ௐPXVWௐKDYHௐWKHௐIROORZLQJௐLQIRUPDWLRQ
ௐௐௐௐௐௐௐௐௐௐௐௐௐௐ6RXUFHZHOOௐ0HPEHUௐQXPEHUௐDQGௐPHPEHUௐQDPH
ௐௐௐௐௐௐௐௐௐௐௐௐௐௐ6KDZௐ,QGXVWULHVௐ&RQWUDFWௐௐௐ
6,6ௐSURFHVVHVௐWKHௐRUGHUௐDQGௐHPDLOVௐWKHௐGHDOHUௐZLWKௐVWRFNEDFNRUGHUௐ
LQIRUPDWLRQௐDORQJௐZLWKௐDQௐRUGHUௐFRQILUPDWLRQௐDQGௐOLYHௐRUGHUௐWUDFNLQJௐOLQN
'HDOHUௐLVௐLQYRLFHGௐIRUௐ6KDZௐPDWHULDO
:HௐKDYHௐIRXUௐ6,6ௐSRLQWVௐRIௐFRQWDFWVௐIRUௐGLIIHUHQWௐUHJLRQV
ௐௐௐௐ0HODQLHௐ7D\ORUௐௐ6RXWKHDVWௐ6RXWKௐ&HQWUDOௐ:HVWௐ&RDVWௐ+,ௐ ௐ$.
Rௐௐௐௐ(PDLOௐPHODQLHWD\ORU#VKDZLQFFRPௐௐ
Rௐௐௐௐ3KRQHௐ
ௐௐௐௐ5RVLRௐ+HUQDQGH]ௐௐ1RUWKௐ&HQWUDOௐ1RUWKHDVWௐDQGௐ1RUWKZHVW
Rௐௐௐௐ(PDLOௐURVLRKHUQDQGH]#VKDZLQFFRP
Rௐௐௐௐ3KRQHௐ
ௐௐௐௐ&U\VWDOௐ=DFKHU\ௐௐ1HZௐ<RUNௐ ௐ)ORULGDௐ
Rௐௐௐௐ(PDLOௐFU\VWDO]DFKHU\#VKDZLQFFRPௐௐ
Rௐௐௐௐ3KRQHௐ
ௐௐௐௐ)DUUDKௐ)LQOH\ௐௐ&DQDGD
Rௐௐௐௐ(PDLOௐIDUUDKILQOH\#VKDZLQFFRP
Rௐௐௐௐ3KRQHௐ
'Rௐ\RXௐDFFHSWௐWKHௐ3FDUGௐSURFXUHPHQWௐDQGௐSD\PHQWௐSURFHVV"ௐ,Iௐ
VRௐLVௐWKHUHௐDQ\ௐDGGLWLRQDOௐFRVWௐWRௐ6RXUFHZHOOௐ0HPEHUVௐIRUௐXVLQJௐ
WKLVௐSURFHVV"
<HVௐZHௐGRௐDFFHSWௐDௐ3FDUGௐ7KHUHௐLVௐDௐIHHௐRIௐ
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
3ULFLQJDQG'HOLYHU\
3URYLGHGHWDLOHGSULFLQJLQIRUPDWLRQLQWKHTXHVWLRQVWKDWIROORZEHORZ.HHSLQPLQGWKDWUHDVRQDEOHSULFHDQGSURGXFWDGMXVWPHQWVFDQEHPDGHGXULQJWKH
WHUPRIDQDZDUGHG&RQWUDFWDVGHVULEHGLQWKH5)3WKHWHPSODWH&RQWUDFWDQGWKH6RXUFHZHOO3ULFHDQG3URGXFW&KDQJH5HTXHVW)RUP
/LQH
,WHP 4XHVWLRQ 5HVSRQVH
'HVFULEHௐ\RXUௐSULFLQJௐPRGHOௐHJௐOLQHLWHPௐGLVFRXQWVௐRUௐSURGXFW
FDWHJRU\ௐGLVFRXQWVௐ3URYLGHௐGHWDLOHGௐSULFLQJௐGDWDௐLQFOXGLQJௐ
VWDQGDUGௐRUௐOLVWௐSULFLQJௐDQGௐWKHௐ6RXUFHZHOOௐGLVFRXQWHGௐSULFHௐRQௐ
DOOௐRIௐWKHௐLWHPVௐWKDWௐ\RXௐZDQWௐ6RXUFHZHOOௐWRௐFRQVLGHUௐDVௐSDUWௐRIௐ
\RXUௐ5)3ௐUHVSRQVHௐ,IௐDSSOLFDEOHௐSURYLGHௐDௐ6.8ௐIRUௐHDFKௐLWHPௐLQௐ
\RXUௐSURSRVDOௐ8SORDGௐ\RXUௐSULFLQJௐPDWHULDOVௐLIௐDSSOLFDEOHௐLQௐWKHௐ
GRFXPHQWௐXSORDGௐVHFWLRQௐRIௐ\RXUௐUHVSRQVH
:HௐDUHௐSURYLGLQJௐOLQHLWHPௐGLVFRXQWVௐ2QௐRXUௐVXEPLWWDOௐZHௐVKRZௐWKHௐOLVWௐ
SULFHௐWKHௐGLVFRXQWௐDQGௐWKHௐDJHQF\ௐSULFHௐ:HௐGRௐVKRZௐWKHௐSURGXFWௐQDPHௐ
DQGௐQXPEHUௐEXWௐQRWௐDௐVSHFLILFௐ6.8ௐ$Qௐ6.8ௐZRXOGௐEHௐVSHFLILFௐWRௐWKHௐFRORUௐ
OHYHO
4XDQWLI\ௐWKHௐSULFLQJௐGLVFRXQWௐUHSUHVHQWHGௐE\ௐWKHௐSULFLQJௐSURSRVDOௐ
LQௐWKLVௐUHVSRQVHௐ)RUௐH[DPSOHௐLIௐWKHௐSULFLQJௐLQௐ\RXUௐUHVSRQVHௐ
UHSUHVHQWVௐDௐSHUFHQWDJHௐGLVFRXQWௐIURPௐ0653ௐRUௐOLVWௐVWDWHௐWKHௐ
SHUFHQWDJHௐRUௐSHUFHQWDJHௐUDQJH
2XUௐGLVFRXQWௐLVௐSHUௐLWHPௐDQGௐRQௐRXUௐSULFLQJௐVKHHWௐZHௐVKRZௐWKDWௐGLVFRXQWௐ
SHUFHQWDJH
'HVFULEHௐDQ\ௐTXDQWLW\ௐRUௐYROXPHௐGLVFRXQWVௐRUௐUHEDWHௐSURJUDPVௐ
WKDWௐ\RXௐRIIHU
:HௐDUHௐQRWௐRIIHULQJௐDQ\ௐTXDQWLW\ௐRUௐYROXPHௐGLVFRXQWVௐRQௐWKLVௐFRQWUDFWௐ
KRZHYHUௐLWௐLVௐDௐQRWWRH[FHHGௐSULFHௐ2QௐDௐFDVHௐE\ௐFDVHௐEDVLVௐZHௐZRXOGௐ
H[WHQGௐDௐYROXPHௐGLVFRXQWௐ7KDWௐQXPEHUௐYDULHVௐEDVHGௐRQௐWKHௐVSHFLILFௐ
SURGXFWௐORFDWLRQௐDQGௐGHOLYHU\ௐUHTXLUHPHQWV
3URSRVHௐDௐPHWKRGௐRIௐIDFLOLWDWLQJௐ³VRXUFHG´ௐSURGXFWVௐRUௐUHODWHGௐ
VHUYLFHVௐZKLFKௐPD\ௐEHௐUHIHUUHGௐWRௐDVௐ³RSHQௐPDUNHW´ௐLWHPVௐ
RUௐ³QRQVWDQGDUGௐRSWLRQV´ௐ)RUௐH[DPSOHௐ\RXௐPD\ௐVXSSO\ௐVXFKௐ
LWHPVௐ³DWௐFRVW´ௐRUௐ³DWௐFRVWௐSOXVௐDௐSHUFHQWDJH´ௐRUௐ\RXௐPD\ௐVXSSO\ௐ
DௐTXRWHௐIRUௐHDFKௐVXFKௐUHTXHVW
,IௐZHௐVRXUFHௐLWHPVௐIRUௐ\RXUௐPHPEHUVௐWKHUHௐLVௐQRௐFKDUJHௐ,IௐZHௐVRXUFHௐ
VHUYLFHVௐZKLFKௐDUHௐPRUHௐLQYROYHGௐZHௐFKDUJHௐRXUௐFXVWRPHUௐFRVWௐSOXVௐ
,GHQWLI\ௐDQ\ௐHOHPHQWௐRIௐWKHௐWRWDOௐFRVWௐRIௐDFTXLVLWLRQௐWKDWௐLVௐ127ௐ
LQFOXGHGௐLQௐWKHௐSULFLQJௐVXEPLWWHGௐZLWKௐ\RXUௐUHVSRQVHௐ7KLVௐLQFOXGHVௐ
DOOௐDGGLWLRQDOௐFKDUJHVௐDVVRFLDWHGௐZLWKௐDௐSXUFKDVHௐWKDWௐDUHௐQRWௐ
GLUHFWO\ௐLGHQWLILHGௐDVௐIUHLJKWௐRUௐVKLSSLQJௐFKDUJHVௐ)RUௐH[DPSOHௐOLVWௐ
FRVWVௐIRUௐLWHPVௐOLNHௐSUHGHOLYHU\ௐLQVSHFWLRQௐLQVWDOODWLRQௐVHWௐXSௐ
PDQGDWRU\ௐWUDLQLQJௐRUௐLQLWLDOௐLQVSHFWLRQௐ,GHQWLI\ௐDQ\ௐSDUWLHVௐWKDWௐ
LPSRVHௐVXFKௐFRVWVௐDQGௐWKHLUௐUHODWLRQVKLSௐWRௐWKHௐ3URSRVHU
7KLVௐSULFHௐLVௐGLUHFWௐWRௐ\RXUௐPHPEHUௐ,WௐGRHVௐQRWௐLQFOXGHௐGHDOHUௐKDQGOLQJௐ
FRVWௐIUHLJKWௐRUௐWD[HV
,IௐIUHLJKWௐGHOLYHU\ௐRUௐVKLSSLQJௐLVௐDQௐDGGLWLRQDOௐFRVWௐWRௐWKHௐ
6RXUFHZHOOௐ0HPEHUௐGHVFULEHௐLQௐGHWDLOௐWKHௐFRPSOHWHௐIUHLJKWௐ
VKLSSLQJௐDQGௐGHOLYHU\ௐSURJUDP
)UHLJKWௐFRVWVௐDUHௐQRWௐLQFOXGHGௐLQௐWKHௐPHPEHUSULFHDQGௐZLOOௐEHௐOLVWHGௐ
VHSDUDWHO\ௐRQௐSXUFKDVHௐRUGHUVௐDQGௐLQYRLFHVௐ)UHLJKWௐFRVWVௐZLOOௐEHௐIXOO\ௐ
GLVFORVHGௐWRௐ\RXUௐPHPEHUௐSULRUௐWRௐRUGHUௐSODFHPHQWௐDQGௐZLOOௐEHௐSUHSDLGௐE\ௐ
WKHௐ&RQWUDFWRU
6SHFLILFDOO\ௐGHVFULEHௐIUHLJKWௐVKLSSLQJௐDQGௐGHOLYHU\ௐWHUPVௐRUௐ
SURJUDPVௐDYDLODEOHௐIRUௐ$ODVNDௐ+DZDLLௐ&DQDGDௐRUௐDQ\ௐRIIVKRUHௐ
GHOLYHU\
6KDZௐXVHVௐSDUWQHUௐFDUULHUVௐWRௐGHOLYHUௐWRௐ+DZDLLௐ$ODVNDௐDQGௐ&DQDGDௐ)RUௐ
+DZDLLௐFXVWRPHUVௐRXUௐ/RVௐ$QJHOHVௐGLVWULEXWLRQௐFHQWHUௐGHOLYHUVௐWKHௐSURGXFWௐ
WRௐRXUௐSDUWQHU
VௐGRFNௐDQGௐLVௐVKLSSHGௐWZLFHௐDௐZHHNௐ)RUௐ$ODVNDௐFXVWRPHUVௐ
RXUௐ6HDWWOHௐGLVWULEXWLRQௐFHQWHUௐGHOLYHUVௐWKHௐSURGXFWௐWRௐRXUௐSDUWQHU
VௐGRFNௐ
DQGௐVKLSVௐWZLFHௐZHHNO\ௐWRௐ$ODVNDௐ6KDZௐVKLSVௐWRௐ&DQDGDௐGDLO\ௐIURPௐRXUௐ
1RUWKௐ*HRUJLDௐKXEௐGLVWULEXWLRQௐFHQWHUVௐXVLQJௐRXUௐFRUHௐSDUWQHUௐFDUULHUௐZKLFKௐ
KDVௐWHUPLQDOVௐLQௐDOOௐPDMRUௐFLWLHVௐLQௐ&DQDGD
'HVFULEHௐDQ\ௐXQLTXHௐGLVWULEXWLRQௐDQGRUௐGHOLYHU\ௐPHWKRGVௐRUௐ
RSWLRQVௐRIIHUHGௐLQௐ\RXUௐSURSRVDO
)RUௐFXVWRPHUVௐRQௐWKHௐZHVWௐFRDVWௐZHௐFDQௐRIIHUௐUDLOௐGHOLYHU\ௐZKLFKௐLVௐOLNHO\ௐ
OHVVௐH[SHQVLYHௐEXWௐPD\ௐQRWௐEHௐDVௐWLPHO\
3ULFLQJ2IIHUHG
/LQH
,WHP 7KH3ULFLQJ2IIHUHGLQWKLV3URSRVDOLV
&RPPHQWV
EWKHVDPHDVWKH3URSRVHUW\SLFDOO\RIIHUVWR*32VFRRSHUDWLYHSURFXUHPHQWRUJDQL]DWLRQVRUVWDWHSXUFKDVLQJ
GHSDUWPHQWV
$XGLWDQG$GPLQLVWUDWLYH)HH
/LQH
,WHP 4XHVWLRQ 5HVSRQVH
6SHFLILFDOO\ௐGHVFULEHௐDQ\ௐVHOIDXGLWௐSURFHVVௐRUௐSURJUDPௐWKDWௐ\RXௐSODQௐWRௐ
HPSOR\ௐWRௐYHULI\ௐFRPSOLDQFHௐZLWKௐ\RXUௐSURSRVHGௐ&RQWUDFWௐZLWKௐ6RXUFHZHOOௐ
7KLVௐSURFHVVௐLQFOXGHVௐHQVXULQJௐWKDWௐ6RXUFHZHOOௐ0HPEHUVௐREWDLQௐWKHௐSURSHUௐ
SULFLQJௐWKDWௐWKHௐ9HQGRUௐUHSRUWVௐDOOௐVDOHVௐXQGHUௐWKHௐ&RQWUDFWௐHDFKௐTXDUWHUௐ
DQGௐWKDWௐWKHௐ9HQGRUௐUHPLWVௐWKHௐSURSHUௐDGPLQLVWUDWLYHௐIHHௐWRௐ6RXUFHZHOO
'DUULHQௐ0XQURHௐLVௐ\RXUௐFRQWUDFWௐDGPLQLVWUDWRUௐDQGௐKHௐYHULILHVௐWKDWௐ
WKHௐLQIRUPDWLRQௐVXEPLWWHGௐE\ௐRXUௐ6KDZௐ,QWHJUDWHGௐ6ROXWLRQVௐ7HDPௐLVௐ
FRUUHFW
,GHQWLI\ௐDௐSURSRVHGௐDGPLQLVWUDWLYHௐIHHௐWKDWௐ\RXௐZLOOௐSD\ௐWRௐ6RXUFHZHOOௐIRUௐ
IDFLOLWDWLQJௐPDQDJLQJௐDQGௐSURPRWLQJௐWKHௐ6RXUFHZHOOௐ&RQWUDFWௐLQௐWKHௐHYHQWௐ
WKDWௐ\RXௐDUHௐDZDUGHGௐDௐ&RQWUDFWௐௐ7KLVௐIHHௐLVௐW\SLFDOO\ௐFDOFXODWHGௐDVௐDௐ
SHUFHQWDJHௐRIௐ9HQGRU¶VௐVDOHVௐXQGHUௐWKHௐ&RQWUDFWௐRUௐDVௐDௐSHUXQLWௐIHHௐLWௐ
LVௐQRWௐDௐOLQHLWHPௐDGGLWLRQௐWRௐWKHௐ0HPEHU¶VௐFRVWௐRIௐJRRGVௐ6HHௐWKHௐ5)3ௐ
DQGௐWHPSODWHௐ&RQWUDFWௐIRUௐDGGLWLRQDOௐGHWDLOV
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
,QGXVWU\6SHFLILF4XHVWLRQV
/LQH
,WHP 4XHVWLRQ 5HVSRQVH
'HVFULEHௐKRZௐ\RXUௐSURGXFWVௐFRQWULEXWHௐWRௐRUௐ
SURPRWHௐWKHௐKHDOWKௐTXDOLW\ௐRIௐOLIHௐDQGௐZHOO
EHLQJௐRIௐRXUௐPHPEHUVௐDQGௐRWKHUV
:HௐVKRZௐ\RXUௐPHPEHUVௐKRZௐRXUௐSURGXFWVௐFRQWULEXWHௐWRௐKHDOWKௐTXDOLW\ௐRIௐOLIHௐDQGௐZHOOEHLQJௐE\ௐ
FHUWLI\LQJௐRXUௐSURGXFWVௐWRௐWKHௐKLJKHVWௐOHYHOVௐLQFOXGLQJ
&UDGOHௐWRௐ&UDGOHௐ&HUWLILFDWLRQௐOLIHௐF\FOHௐFHUWLILFDWLRQௐIRUௐFDUSHW
16)ௐௐFHUWLILFDWLRQௐOLIHௐF\FOHௐFHUWLILFDWLRQௐIRUௐFDUSHW
*UHHQௐ/DEHOௐ3OXVௐFHUWLILFDWLRQௐORZௐHPLVVLRQVௐIRUௐFDUSHW
)ORRU6FRUHௐFHUWLILFDWLRQௐOLIHௐF\FOHௐDQGௐORZௐHPLVVLRQVௐIRUௐKDUGௐVXUIDFH
)RUௐWUDQVSDUHQF\ௐZHௐDOVRௐSURYLGHௐ+HDOWKௐ3URGXFWௐ'HFODUDWLRQVௐ(QYLURQPHQWDOௐ3URGXFWௐ
'HFODUDWLRQVௐDQGௐ'HFODUHௐODEHOVௐIRUௐRXUௐSURGXFWVௐ7KHVHௐFHUWLILFDWLRQVௐDUHௐOLVWHGௐRQௐRXUௐ
VSHFLILFDWLRQV
'HVFULEHௐ\RXUௐFDSDELOLW\ௐWRௐWUDFNௐDQGௐUHSRUWௐ
VDOHVௐWRௐ6RXUFHZHOOௐPHPEHUVௐE\ௐ\RXUௐGHDOHUௐ
QHWZRUN
2XUௐVDOHVௐWHDPௐZLOOௐZRUNௐZLWKௐ\RXUௐPHPEHUVௐWRௐHQVXUHௐWKDWௐDOOௐRIௐWKHLUௐRUGHUVௐJRௐWKURXJKௐ
6KDZௐ,QWHJUDWHGௐ6ROXWLRQVௐ6,6ௐ7KLVௐWHDPௐRIௐௐSHRSOHௐHQVXUHVௐWKDWௐWKHௐRUGHUௐLVௐFRGHGௐWRௐ
6RXUFHZHOOௐ$IWHUௐWKLVௐLQIRUPDWLRQௐLVௐFDSWXUHGௐ6,6ௐURXWHVௐWKHௐRUGHUௐWR
ௐௐWKHௐGHDOHUௐDVௐDQௐRUGHUௐWRௐWKHௐGHDOHUௐWRௐUHFHLYHௐDQGௐGHOLYHU
ௐௐ6KDZௐDVௐDௐGLUHFWௐRUGHUௐGHOLYHUHGௐWRௐWKHௐPHPEHU
ௐௐ6KDZௐDVௐDௐWXUQNH\ௐSURMHFWௐPDQDJHGௐE\ௐ6,6ௐZKHUHௐWKHௐ6KDZௐHQWLW\ௐVXSSOLHVௐPDWHULDOௐDQGௐ
LQVWDOODWLRQ
'HVFULEHௐKRZௐ\RXUௐRUJDQL]DWLRQௐLQFRUSRUDWHVௐ
VXVWDLQDELOLW\ௐLQWRௐWKHௐPDQXIDFWXUHௐLQVWDOODWLRQௐ
DQGௐUHF\FOLQJௐRIௐ\RXUௐSURGXFWV"
6KDZௐEHJLQVௐZLWKௐWKHௐHQGௐLQௐPLQGௐ:HௐGHVLJQௐRXUௐSURGXFWVௐRQௐWKHௐIURQWௐHQGௐWRௐXVHௐOHVVௐ
PDWHULDOௐDQGௐWRௐEHௐHDVLHUௐWRௐUHF\FOHௐ2XUௐPDQXIDFWXULQJௐSURFHVVHVௐDUHௐFRQWLQXDOO\ௐUHILQHGௐWRௐ
XVHௐOHVVௐZDWHUௐOHVVௐHQHUJ\ௐDQGௐWRௐSURGXFHௐOHVVௐZDVWHௐ:HௐUHSRUWௐWKLVௐSURJUHVVௐDQQXDOO\ௐLQௐ
RXUௐVXVWDLQDELOLW\ௐUHSRUWௐZKLFKௐLVௐDYDLODEOHௐDWௐKWWSVVKDZLQFFRP1HZVURRP6XVWDLQDELOLW\5HSRUWV
'HVFULEHௐ\RXUௐFDSDELOLW\ௐWRௐUHSRUWௐ6RXUFHZHOOௐ
PHPEHUௐSXUFKDVHVௐRIௐSURGXFWVௐZLWKௐ
HQYLURQPHQWDOO\ௐSUHIHUUHGௐDWWULEXWHVௐHJௐHFRௐ
ODEHOHGௐUDWHGௐRUௐFHUWLILHG
5HSRUWLQJௐLVௐPDQDJHGௐE\ௐ'DUULHQௐ0XQURHௐ'DUULHQௐSXOOVௐWKHௐGDWDௐDQGௐIRUPDWVௐLWௐIRUௐ\RXUௐ
UHSRUWVௐ:HௐFDQௐUHSRUWௐSXUFKDVHVௐRIௐHQYLURQPHQWDOO\ௐSUHIHUUHGௐSURGXFWVௐKRZHYHUௐWKDWௐ
LQFOXGHVௐPRVWௐRIௐRXUௐSURGXFWV
'HVFULEHௐWKHௐH[WHQWௐWRௐZKLFKௐ\RXUௐSURGXFWVௐ
FRQWDLQௐUHF\FOHGௐFRQWHQWௐRUௐDUHௐUHF\FODEOH
$OOௐRIௐRXUௐ(FR:RU[ௐSURGXFWVௐDUHௐUHF\FODEOHௐ7KH\ௐFRQWDLQௐௐUHF\FOHGௐFRQWHQWௐ2XUௐRWKHUௐ
EURDGORRPௐFDUSHWௐSURGXFWVௐFRQWDLQௐXSௐWRௐௐUHF\FOHGௐFRQWHQWௐ7KHௐH[DFWௐQXPEHUVௐDUHௐ
UHIOHFWHGௐRQௐRXUௐVSHFLILFDWLRQVௐ/97ௐDQGௐYLQ\OௐVKHHWௐKDYHௐQRௐUHF\FOHGௐFRQWHQWௐDQGௐDUHௐQRWௐ
UHF\FODEOHௐ:RRGௐSURGXFWVௐFRQWDLQௐXSௐWRௐௐUHF\FOHGௐFRQWHQWௐDQGௐFDQௐEHௐUHF\FOHGௐ7LOHௐDQGௐ
VWRQHௐKDYHௐQRௐUHF\FOHGௐFRQWHQWௐDQGௐDUHௐQRWௐUHF\FODEOHௐKRZHYHUௐWKH\ௐDUHௐPDGHௐIURPௐDௐ
SOHQWLIXOௐQDWXUDOௐUHVRXUFHௐ6XVWDLQDELOLW\ௐPHWULFVௐKDYHௐPRYHGௐDZD\ௐIURPௐUHF\FOHGௐFRQWHQWௐ
EHFDXVHௐUHF\FOHGௐFRQWHQWௐFDQௐLQWURGXFHௐFRQWDPLQDQWVௐDQGௐWKHௐUHFODPDWLRQௐPDUNHWௐLVௐZHDNௐ
7KHௐHPSKDVLVௐWRGD\ௐLVௐRQௐKHDOWK\ௐPDWHULDOV
([FHSWLRQVWR7HUPV&RQGLWLRQVRU6SHFLILFDWLRQV)RUP
/LQH,WHP127,&(7RLGHQWLI\DQ\H[FHSWLRQRUWRUHTXHVWDQ\PRGLILFDWLRQWRWKH6RXUFHZHOOWHPSODWH&RQWUDFWWHUPVFRQGLWLRQVRUVSHFLILFDWLRQVD
3URSRVHUPXVWVXEPLWWKHH[FHSWLRQRUUHTXHVWHGPRGLILFDWLRQRQWKH([FHSWLRQVWR7HUPV&RQGLWLRQVRU6SHFLILFDWLRQV)RUPLPPHGLDWHO\EHORZ
7KHFRQWUDFWVHFWLRQWKHVSHFLILFWH[WDGGUHVVHGE\WKHH[FHSWLRQRUUHTXHVWHGPRGLILFDWLRQDQGWKHSURSRVHGPRGLILFDWLRQPXVWEHLGHQWLILHGLQGHWDLO
3URSRVHU
VH[FHSWLRQVDQGSURSRVHGPRGLILFDWLRQVDUHVXEMHFWWRUHYLHZDQGDSSURYDORI6RXUFHZHOODQGZLOOQRWDXWRPDWLFDOO\EHLQFOXGHGLQWKHFRQWUDFW
&RQWUDFW6HFWLRQ 7HUP&RQGLWLRQRU6SHFLILFDWLRQ ([FHSWLRQRU3URSRVHG0RGLILFDWLRQ
VWௐSDUDJUDSK 7KLVௐ&RQWUDFWௐLVௐEHWZHHQௐ6RXUFHZHOOௐௐWKௐ
6WUHHWௐ1RUWKHDVWௐ32ௐ%R[ௐௐ6WDSOHVௐ01ௐ
ௐ6RXUFHZHOOௐDQGௐ>1DPHௐDQGௐ$GGUHVVௐRIௐ
9HQGRUௐWRௐEHௐ,QVHUWHGௐ8SRQௐ&RQWUDFWௐ$ZDUG@ௐ
9HQGRU
7KLVௐ&RQWUDFWௐLVௐEHWZHHQௐ6RXUFHZHOOௐௐWKௐ6WUHHWௐ1RUWKHDVWௐ32ௐ%R[ௐௐ
6WDSOHVௐ01ௐௐ6RXUFHZHOOௐDQGௐ6KDZௐ,QGXVWULHVௐ,QFௐௐ(:DOQXWௐ$YHQXHௐ
'DOWRQௐ*$ௐௐ9HQGRU
6HFWLRQௐ& &ௐௐௐ:$55$17<ௐ9HQGRUௐZDUUDQWVௐWKDWௐDOOௐ
(TXLSPHQWௐ3URGXFWVௐDQGௐ6HUYLFHVௐIXUQLVKHGௐ
DUHௐIUHHௐIURPௐOLHQVௐDQGௐHQFXPEUDQFHVௐDQGௐ
DUHௐIUHHௐIURPௐGHIHFWVௐLQௐGHVLJQௐPDWHULDOVௐDQGௐ
ZRUNPDQVKLSௐ,QௐDGGLWLRQௐ9HQGRUௐZDUUDQWVௐWKHௐ
(TXLSPHQWௐ3URGXFWVௐDQGௐ6HUYLFHVௐDUHௐVXLWDEOHௐ
IRUௐDQGௐZLOOௐSHUIRUPௐLQௐDFFRUGDQFHௐZLWKௐWKHௐ
RUGLQDU\ௐXVHௐIRUௐZKLFKௐWKH\ௐDUHௐLQWHQGHGௐ
9HQGRU¶VௐGHDOHUVௐDQGௐGLVWULEXWRUVௐPXVWௐDJUHHௐ
WRௐDVVLVWௐWKHௐ0HPEHUௐLQௐUHDFKLQJௐDௐUHVROXWLRQௐ
LQௐDQ\ௐGLVSXWHௐRYHUௐZDUUDQW\ௐWHUPVௐZLWKௐWKHௐ
PDQXIDFWXUHUௐௐ$Q\ௐPDQXIDFWXUHU¶VௐZDUUDQW\ௐ
WKDWௐLVௐHIIHFWLYHௐSDVWௐWKHௐH[SLUDWLRQௐRIௐWKHௐ
9HQGRU¶VௐZDUUDQW\ௐZLOOௐEHௐSDVVHGௐRQௐWRௐWKHௐ
0HPEHU
&ௐௐௐ:$55$17<ௐ9HQGRUௐZDUUDQWVௐWKDWௐDOOௐ(TXLSPHQWௐ3URGXFWVௐDQGௐ6HUYLFHVௐ
IXUQLVKHGௐDUHௐIUHHௐIURPௐOLHQVௐDQGௐHQFXPEUDQFHVௐDQGௐVXEMHFWௐWRௐWKHௐDSSOLFDEOHௐ
JHQHUDOO\SXEOLVKHGௐPDQXIDFWXUHU
VௐOLPLWHGௐSURGXFWௐZDUUDQW\ௐDUHௐIUHHௐIURPௐGHIHFWVௐ
LQௐGHVLJQௐPDWHULDOVௐDQGௐZRUNPDQVKLSௐ9HQGRU¶VௐGHDOHUVௐDQGௐGLVWULEXWRUVௐPXVWௐ
DJUHHௐWRௐDVVLVWௐWKHௐ0HPEHUௐLQௐUHDFKLQJௐDௐUHVROXWLRQௐLQௐDQ\ௐGLVSXWHௐRYHUௐZDUUDQW\ௐ
WHUPVௐZLWKௐWKHௐPDQXIDFWXUHUௐௐ$Q\ௐPDQXIDFWXUHU¶VௐZDUUDQW\ௐWKDWௐLVௐHIIHFWLYHௐSDVWௐ
WKHௐH[SLUDWLRQௐRIௐWKHௐ9HQGRU¶VௐZDUUDQW\ௐZLOOௐEHௐSDVVHGௐRQௐWRௐWKHௐ0HPEHUௐ(;&(37ௐ
$6ௐ(;35(66/<ௐ6(7ௐ)257+ௐ+(5(,1ௐ$1'ௐ72ௐ7+(ௐ0$;,080ௐ(;7(17ௐ
3(50,77('ௐ%<ௐ/$:ௐ9(1'25ௐ0$.(6ௐ12ௐ27+(5ௐ:$55$17,(6ௐ)25ௐ$1<ௐ
(48,30(17ௐ352'8&76ௐ6(59,&(6ௐ25ௐ0$7(5,$/6ௐ3529,'('ௐ81'(5ௐ7+,6ௐ
$*5((0(17ௐ$1'ௐ+(5(%<ௐ',6&/$,06ௐ$//ௐ27+(5ௐ:$55$17,(6ௐ(;35(66ௐ25ௐ
,03/,('ௐ,1&/8',1*ௐ7+(ௐ:$55$17<ௐ2)ௐ),71(66ௐ)25ௐ$ௐ3$57,&8/$5ௐ
385326(ௐ25ௐ86(
6HFWLRQௐ% %ௐௐௐ6$/(6ௐ7$;ௐ(DFKௐ0HPEHUௐLVௐUHVSRQVLEOHௐ
IRUௐVXSSO\LQJௐWKHௐ9HQGRUௐZLWKௐYDOLGௐWD[
H[HPSWLRQௐFHUWLILFDWLRQVௐ:KHQௐRUGHULQJௐ
0HPEHUVௐPXVWௐLQGLFDWHௐLIௐLWௐLVௐDௐWD[H[HPSWௐ
HQWLW\
%ௐௐௐ6$/(6ௐ7$;ௐ(DFKௐ0HPEHUௐLVௐUHVSRQVLEOHௐIRUௐVXSSO\LQJௐWKHௐ9HQGRUௐZLWKௐYDOLGௐ
WD[H[HPSWLRQௐFHUWLILFDWLRQVௐ:KHQௐRUGHULQJௐ0HPEHUVௐPXVWௐLQGLFDWHௐLIௐLWௐLVௐDௐWD[
H[HPSWௐHQWLW\ௐ8QOHVVௐH[HPSWௐ0HPEHUVௐVKDOOௐEHௐUHVSRQVLEOHௐIRUௐDOOௐDSSOLFDEOHௐWD[HVௐ
DULVLQJௐIURPௐWKHௐSURYLVLRQௐRIௐ3URGXFWVௐ(TXLSPHQWௐRUௐ6HUYLFHVௐXQGHUௐWKLVௐ
$JUHHPHQW
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
6HFWLRQௐ 9HQGRUௐPD\ௐUHTXHVWௐ(TXLSPHQWௐ3URGXFWௐRUௐ
6HUYLFHௐFKDQJHVௐDGGLWLRQVௐRUௐGHOHWLRQVௐDWௐDQ\ௐ
WLPHௐ$OOௐUHTXHVWVௐPXVWௐEHௐPDGHௐLQௐZULWLQJௐE\ௐ
VXEPLWWLQJௐDௐVLJQHGௐ6RXUFHZHOOௐ3ULFHௐDQGௐ
3URGXFWௐ&KDQJHௐ5HTXHVWௐ)RUPௐWRௐWKHௐ
DVVLJQHGௐ6RXUFHZHOOௐ&RQWUDFWௐ$GPLQLVWUDWRUௐ
7KLVௐIRUPௐLVௐDYDLODEOHௐIURPௐWKHௐDVVLJQHGௐ
6RXUFHZHOOௐ&RQWUDFWௐ$GPLQLVWUDWRUௐ$WௐDௐ
PLQLPXPௐWKHௐUHTXHVWௐPXVW
9HQGRUௐPD\ௐUHTXHVWௐ(TXLSPHQWௐ3URGXFWௐௐ6HUYLFHௐRUௐSULFHௐFKDQJHVௐDGGLWLRQVௐRUௐ
GHOHWLRQVௐDWௐDQ\ௐWLPHௐ$OOௐUHTXHVWVௐPXVWௐEHௐPDGHௐLQௐZULWLQJௐE\ௐVXEPLWWLQJௐDௐVLJQHGௐ
6RXUFHZHOOௐ3ULFHௐDQGௐ3URGXFWௐ&KDQJHௐ5HTXHVWௐ)RUPௐWRௐWKHௐDVVLJQHGௐ6RXUFHZHOOௐ
&RQWUDFWௐ$GPLQLVWUDWRUௐ6RXUFHZHOO
VௐDSSURYDOௐRIௐVXFKௐUHTXHVWVௐVKDOOௐQRWௐEHௐ
XQUHDVRQDEO\ௐZLWKKHOGௐ1RWZLWKVWDQGLQJௐDQ\WKLQJௐKHUHLQௐWRௐWKHௐFRQWUDU\ௐDOOௐ
(TXLSPHQWௐ3URGXFWௐDQGRUௐ6HUYLFHௐSULFHVௐDUHௐVXEMHFWௐWRௐLPPHGLDWHௐLQFUHDVHௐ
ZLWKRXWௐOLPLWDWLRQௐLQௐWKHௐHYHQWௐRIௐDௐPDWHULDOௐFKDQJHௐWRௐDSSOLFDEOHௐGXWLHVௐWD[HVௐ
WDULIIVௐVLPLODUௐFKDUJHVௐRUௐRWKHUௐJRYHUQPHQWௐDFWLRQௐ7KLVௐIRUPௐLVௐDYDLODEOHௐIURPௐWKHௐ
DVVLJQHGௐ6RXUFHZHOOௐ&RQWUDFWௐ$GPLQLVWUDWRUௐ$WௐDௐPLQLPXPௐWKHௐUHTXHVWௐPXVW
6HFWLRQௐ$ 9HQGRUௐLVௐUHVSRQVLEOHௐIRUௐIDPLOLDUL]LQJௐLWVௐVDOHVௐ
DQGௐVHUYLFHௐIRUFHVௐZLWKௐ6RXUFHZHOOௐPHPEHUVKLSௐ
UHTXLUHPHQWVௐDQGௐGRFXPHQWDWLRQௐDQGௐZLOOௐ
HQFRXUDJHௐSRWHQWLDOௐPHPEHUVௐWRௐMRLQௐ
6RXUFHZHOOௐ6RXUFHZHOOௐUHVHUYHVௐWKHௐULJKWௐWRௐ
DGGௐDQGௐUHPRYHௐ0HPEHUVௐWRௐLWVௐURVWHUௐGXULQJௐ
WKHௐWHUPௐRIௐWKLVௐ&RQWUDFW
9HQGRUௐLVௐUHVSRQVLEOHௐIRUௐIDPLOLDUL]LQJௐLWVௐVDOHVௐDQGௐVHUYLFHௐIRUFHVௐZLWKௐ6RXUFHZHOOௐ
PHPEHUVKLSௐUHTXLUHPHQWVௐDQGௐGRFXPHQWDWLRQௐ6RXUFHZHOOௐUHVHUYHVௐWKHௐULJKWௐWRௐDGGௐ
DQGௐUHPRYHௐ0HPEHUVௐWRௐLWVௐURVWHUௐGXULQJௐWKHௐWHUPௐRIௐWKLVௐ&RQWUDFW
6HFWLRQௐ$ $ௐௐௐ385&+$6(ௐ25'(56ௐ$1'ௐ3$<0(17ௐ7Rௐ
DFFHVVௐWKHௐFRQWUDFWHGௐ(TXLSPHQWௐ3URGXFWVௐRUௐ
6HUYLFHVௐXQGHUௐWKLVௐ&RQWUDFWௐ0HPEHUௐPXVWௐ
FOHDUO\ௐLQGLFDWHௐWRௐ9HQGRUௐWKDWௐLWௐLQWHQGVௐWRௐ
DFFHVVௐWKLVௐ&RQWUDFWௐKRZHYHUௐRUGHUௐIORZௐDQGௐ
SURFHGXUHௐZLOOௐEHௐGHYHORSHGௐMRLQWO\ௐEHWZHHQௐ
6RXUFHZHOOௐDQGௐ9HQGRUௐ7\SLFDOO\ௐDௐ0HPEHUௐ
ZLOOௐLVVXHௐDௐSXUFKDVHௐRUGHUௐGLUHFWO\ௐWRௐ9HQGRUௐ
0HPEHUVௐPD\ௐXVHௐWKHLUௐRZQௐIRUPVௐIRUௐ
SXUFKDVHௐRUGHUVௐEXWௐLWௐVKRXOGௐFOHDUO\ௐQRWHௐWKHௐ
DSSOLFDEOHௐ6RXUFHZHOOௐFRQWUDFWௐQXPEHUௐ
0HPEHUVௐZLOOௐEHௐVROHO\ௐUHVSRQVLEOHௐIRUௐSD\PHQWௐ
DQGௐ6RXUFHZHOOௐZLOOௐKDYHௐQRௐOLDELOLW\ௐIRUௐDQ\ௐ
XQSDLGௐLQYRLFHௐRIௐDQ\ௐ0HPEHU
$ௐௐௐ385&+$6(ௐ25'(56ௐ$1'ௐ3$<0(17ௐ7RௐDFFHVVௐWKHௐFRQWUDFWHGௐ(TXLSPHQWௐ
3URGXFWVௐRUௐ6HUYLFHVௐXQGHUௐWKLVௐ&RQWUDFWௐ0HPEHUௐPXVWௐFOHDUO\ௐLQGLFDWHௐWRௐ9HQGRUௐ
WKDWௐLWௐLQWHQGVௐWRௐDFFHVVௐWKLVௐ&RQWUDFWௐKRZHYHUௐRUGHUௐIORZௐDQGௐSURFHGXUHௐZLOOௐEHௐ
GHYHORSHGௐMRLQWO\ௐEHWZHHQௐ6RXUFHZHOOௐDQGௐ9HQGRUௐ7\SLFDOO\ௐDௐ0HPEHUௐZLOOௐLVVXHௐDௐ
SXUFKDVHௐRUGHUௐGLUHFWO\ௐWRௐ9HQGRUௐ0HPEHUVௐPD\ௐXVHௐWKHLUௐRZQௐIRUPVௐIRUௐSXUFKDVHௐ
RUGHUVௐEXWௐLWௐVKRXOGௐFOHDUO\ௐQRWHௐWKHௐDSSOLFDEOHௐ6RXUFHZHOOௐFRQWUDFWௐQXPEHUௐ
0HPEHUVௐVKDOOௐEHௐVROHO\ௐUHVSRQVLEOHௐIRUௐQRWLQJௐWKHௐDSSOLFDEOHௐ6RXUFHZHOOௐFRQWUDFWௐ
QXPEHUௐRQௐDOOௐSXUFKDVHௐRUGHUVௐ0HPEHUVௐZLOOௐEHௐVROHO\ௐUHVSRQVLEOHௐIRUௐSD\PHQWௐ
DQGௐ6RXUFHZHOOௐZLOOௐKDYHௐQRௐOLDELOLW\ௐIRUௐDQ\ௐXQSDLGௐLQYRLFHௐRIௐDQ\ௐ0HPEHU
6HFWLRQௐ% %ௐௐௐ$'',7,21$/ௐ7(506ௐ$1'ௐ&21',7,216ௐௐ
$GGLWLRQDOௐWHUPVௐDQGௐFRQGLWLRQVௐWRௐDௐSXUFKDVHௐ
RUGHUௐPD\ௐEHௐQHJRWLDWHGௐEHWZHHQௐDௐ0HPEHUௐ
DQGௐ9HQGRUௐVXFKௐDVௐMREௐRUௐLQGXVWU\VSHFLILFௐ
UHTXLUHPHQWVௐOHJDOௐUHTXLUHPHQWVௐVXFKௐDVௐ
DIILUPDWLYHௐDFWLRQௐRUௐLPPLJUDWLRQௐVWDWXVௐ
UHTXLUHPHQWVௐRUௐVSHFLILFௐORFDOௐSROLF\ௐ
UHTXLUHPHQWVௐ$Q\ௐQHJRWLDWHGௐDGGLWLRQDOௐWHUPVௐ
DQGௐFRQGLWLRQVௐPXVWௐQHYHUௐEHௐOHVVௐIDYRUDEOHௐ
WRௐWKHௐ0HPEHUௐWKDQௐZKDWௐLVௐFRQWDLQHGௐLQௐ
9HQGRU¶Vௐ3URSRVDO
%ௐௐௐ$'',7,21$/ௐ7(506ௐ$1'ௐ&21',7,216ௐௐ$GGLWLRQDOௐWHUPVௐDQGௐFRQGLWLRQVௐWRௐDௐ
SXUFKDVHௐRUGHUௐPD\ௐEHௐQHJRWLDWHGௐEHWZHHQௐDௐ0HPEHUௐDQGௐ9HQGRUௐVXFKௐDVௐMREௐ
RUௐLQGXVWU\VSHFLILFௐUHTXLUHPHQWVௐOHJDOௐUHTXLUHPHQWVௐVXFKௐDVௐDIILUPDWLYHௐDFWLRQௐRUௐ
LPPLJUDWLRQௐVWDWXVௐUHTXLUHPHQWVௐRUௐVSHFLILFௐORFDOௐSROLF\ௐUHTXLUHPHQWV
6HFWLRQௐ& &ௐௐௐ3(5)250$1&(ௐ%21'ௐ,IௐUHTXHVWHGௐE\ௐDௐ
0HPEHUௐ9HQGRUௐZLOOௐSURYLGHௐDௐSHUIRUPDQFHௐ
ERQGௐWKDWௐPHHWVௐWKHௐUHTXLUHPHQWVௐVHWௐIRUWKௐLQௐ
WKHௐ0HPEHU¶VௐSXUFKDVHௐRUGHU
&ௐௐௐ3(5)250$1&(ௐ%21'ௐ,IௐUHDVRQDEO\ௐUHTXHVWHGௐE\ௐDௐ0HPEHUௐ9HQGRUௐPD\ௐ
SURYLGHௐDௐSHUIRUPDQFHௐERQGௐWKDWௐPHHWVௐWKHௐUHTXLUHPHQWVௐVHWௐIRUWKௐLQௐWKHௐ
0HPEHU¶VௐSXUFKDVHௐRUGHU
6HFWLRQௐ$ $ௐௐௐ&2175$&7ௐ6$/(6ௐ$&7,9,7<ௐ5(3257ௐ
(DFKௐFDOHQGDUௐTXDUWHUௐ9HQGRUௐPXVWௐSURYLGHௐDௐ
FRQWUDFWௐVDOHVௐDFWLYLW\ௐUHSRUWௐ5HSRUWௐWRௐWKHௐ
6RXUFHZHOOௐ&RQWUDFWௐ$GPLQLVWUDWRUௐDVVLJQHGௐWRௐ
WKLV
&RQWUDFWௐ$ௐ5HSRUWௐPXVWௐEHௐSURYLGHGௐ
UHJDUGOHVVௐRIௐWKHௐQXPEHUௐRUௐDPRXQWௐRIௐVDOHVௐ
GXULQJௐWKDWௐTXDUWHUௐLHௐLIௐWKHUHௐDUHௐQRௐVDOHVௐ
9HQGRUௐPXVWௐVXEPLWௐDௐUHSRUWௐLQGLFDWLQJௐQRௐ
VDOHVௐZHUHௐPDGH
$ௐௐௐ&2175$&7ௐ6$/(6ௐ$&7,9,7<ௐ5(3257ௐ6XEMHFWௐWRௐDQ\ௐDSSOLFDEOHௐ
FRQILGHQWLDOLW\ௐREOLJDWLRQVௐLQFOXGLQJௐZLWKRXWௐOLPLWDWLRQௐDQ\ௐFRQWUDFWௐREOLJDWLRQVௐWRௐ
0HPEHUVௐHDFKௐFDOHQGDUௐTXDUWHUௐ9HQGRUௐPXVWௐSURYLGHௐDௐFRQWUDFWௐVDOHVௐDFWLYLW\ௐ
UHSRUWௐ5HSRUWௐWRௐWKHௐ6RXUFHZHOOௐ&RQWUDFWௐ$GPLQLVWUDWRUௐDVVLJQHGௐWRௐWKLVௐ&RQWUDFWௐ
$ௐ5HSRUWௐPXVWௐEHௐSURYLGHGௐUHJDUGOHVVௐRIௐWKHௐQXPEHUௐRUௐDPRXQWௐRIௐVDOHVௐGXULQJௐ
WKDWௐTXDUWHUௐLHௐLIௐWKHUHௐDUHௐQRௐVDOHVௐ9HQGRUௐPXVWௐVXEPLWௐDௐUHSRUWௐLQGLFDWLQJௐQRௐ
VDOHVௐZHUHௐPDGH
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
6HFWLRQௐ% %ௐ$'0,1,675$7,9(ௐ)((ௐ,QௐFRQVLGHUDWLRQௐIRUௐ
WKHௐVXSSRUWௐDQGௐVHUYLFHVௐSURYLGHGௐE\ௐ
6RXUFHZHOOௐWKHௐ9HQGRUௐZLOOௐSD\ௐDQௐ
DGPLQLVWUDWLYHௐIHHௐWRௐ6RXUFHZHOOௐRQௐDOOௐ
(TXLSPHQWௐ3URGXFWVௐDQGௐ6HUYLFHVௐSURYLGHGௐWRௐ
0HPEHUVௐ7KHௐ9HQGRUௐZLOOௐVXEPLWௐDௐFKHFNௐ
SD\DEOHௐWRௐ6RXUFHZHOOௐIRUௐWKHௐSHUFHQWDJHௐRIௐ
DGPLQLVWUDWLYHௐIHHௐVWDWHGௐLQௐWKHௐ3URSRVDOௐ
PXOWLSOLHGௐE\ௐWKHௐWRWDOௐVDOHVௐRIௐDOOௐ(TXLSPHQWௐ
3URGXFWVௐDQGௐ6HUYLFHVௐSXUFKDVHGௐE\ௐ0HPEHUVௐ
XQGHUௐWKLVௐ&RQWUDFWௐGXULQJௐHDFK
FDOHQGDUௐTXDUWHUௐ3D\PHQWVௐVKRXOGௐQRWHௐWKHௐ
6RXUFHZHOODVVLJQHGௐFRQWUDFWௐQXPEHUௐLQௐWKHௐ
PHPRௐDQGௐPXVWௐEHௐPDLOHGௐWRௐWKHௐDGGUHVVௐ
DERYHௐ³$WWQௐ$FFRXQWVௐ5HFHLYDEOH´ௐ3D\PHQWVௐ
PXVWௐEHௐUHFHLYHGௐQRௐODWHUௐWKDQௐIRUW\ILYHௐௐ
FDOHQGDUௐGD\VௐDIWHUௐWKHௐHQGௐRIௐHDFKௐFDOHQGDUௐ
TXDUWHU
9HQGRUௐDJUHHVௐWRௐFRRSHUDWHௐZLWKௐ6RXUFHZHOOௐLQௐ
DXGLWLQJௐWUDQVDFWLRQVௐXQGHUௐWKLVௐ&RQWUDFWௐWRௐ
HQVXUHௐWKDWௐWKHௐDGPLQLVWUDWLYHௐIHHௐLVௐSDLGௐRQௐ
DOOௐLWHPVௐSXUFKDVHGௐXQGHUௐWKLVௐ&RQWUDFW
,QௐWKHௐHYHQWௐWKHௐ9HQGRUௐLVௐGHOLQTXHQWௐLQௐDQ\ௐ
XQGLVSXWHGௐDGPLQLVWUDWLYHௐIHHVௐ6RXUFHZHOOௐ
UHVHUYHVௐWKHௐULJKWௐWRௐFDQFHOௐWKLVௐ&RQWUDFWௐDQGௐ
UHMHFWௐDQ\ௐSURSRVDOௐVXEPLWWHGௐE\ௐWKHௐ9HQGRUௐ
LQௐDQ\ௐVXEVHTXHQWௐVROLFLWDWLRQௐ,QௐWKHௐHYHQWௐ
WKLVௐ&RQWUDFWௐLVௐFDQFHOOHGௐE\ௐHLWKHUௐSDUW\ௐSULRUௐ
WRௐWKHௐ&RQWUDFW¶VௐH[SLUDWLRQௐGDWHௐWKHௐ
DGPLQLVWUDWLYHௐIHHௐSD\PHQWௐZLOOௐEHௐGXHௐQRௐ
PRUHௐWKDQௐWKLUW\ௐௐGD\VௐIURPௐWKHௐ
FDQFHOODWLRQௐGDWH
%ௐ$'0,1,675$7,9(ௐ)((ௐ,QௐFRQVLGHUDWLRQௐIRUௐWKHௐVXSSRUWௐDQGௐVHUYLFHVௐSURYLGHGௐ
E\ௐ6RXUFHZHOOௐWKHௐ9HQGRUௐZLOOௐSD\ௐDQௐDGPLQLVWUDWLYHௐIHHௐWRௐ6RXUFHZHOOௐRQௐDOOௐ
(TXLSPHQWௐ3URGXFWVௐDQGௐ6HUYLFHVௐSURYLGHGௐWRௐ0HPEHUVௐXQGHUௐWKLVௐ&RQWUDFWௐௐ7KHௐ
9HQGRUௐZLOOௐVXEPLWௐDௐFKHFNௐSD\DEOHௐWRௐ6RXUFHZHOOௐIRUௐWKHௐSHUFHQWDJHௐRIௐ
DGPLQLVWUDWLYHௐIHHௐVWDWHGௐLQௐWKHௐ3URSRVDOௐPXOWLSOLHGௐE\ௐWKHௐWRWDOௐQHWௐVDOHVௐRIௐDOOௐ
(TXLSPHQWௐIORRULQJௐ3URGXFWVௐDQGௐ6HUYLFHVௐSXUFKDVHGௐE\ௐ0HPEHUVௐXQGHUௐWKLVௐ
&RQWUDFWௐGXULQJௐHDFKௐFDOHQGDUௐTXDUWHUௐOHVVௐDQ\ௐDSSOLFDEOHௐWD[HVௐIUHLJKWௐIHHVௐDQGௐ
GLVFRXQWVௐDQGௐOHVVௐDPRXQWVௐDWWULEXWDEOHௐWRௐDQ\ௐ6HUYLFHVௐIUHLJKWௐGHOLYHU\ௐ
LQVWDOODWLRQௐXQSDLGௐLQYRLFHVௐUHWXUQHGௐ3URGXFWVௐRUௐPDWHULDOVௐRUௐFUHGLWVௐLVVXHGௐ
2UGHUVௐXQGHUௐWKLVௐ&RQWUDFWௐZLOOௐRQO\ௐEHௐHOLJLEOHௐIRUௐWKHௐDGPLQLVWUDWLYHௐIHHௐLIௐWKHௐ
0HPEHUௐQRWHVௐWKHௐDSSOLFDEOHௐ6RXUFHZHOOௐFRQWUDFWௐQXPEHUௐRQௐWKHௐSXUFKDVHௐRUGHUௐ
ZKHQௐVXEPLWWLQJௐVXFKௐSXUFKDVHௐRUGHUௐ3D\PHQWVௐVKRXOGௐQRWHௐWKHௐ6RXUFHZHOO
DVVLJQHGௐFRQWUDFWௐQXPEHUௐLQௐWKHௐPHPRௐDQGௐPXVWௐEHௐPDLOHGௐWRௐWKHௐDGGUHVVௐ
DERYHௐ³$WWQௐ$FFRXQWVௐ5HFHLYDEOH´ௐ3D\PHQWVௐPXVWௐEHௐUHFHLYHGௐQRௐODWHUௐWKDQௐIRUW\
ILYHௐௐFDOHQGDUௐGD\VௐDIWHUௐWKHௐHQGௐRIௐHDFKௐFDOHQGDUௐTXDUWHU
9HQGRUௐDJUHHVௐWRௐUHDVRQDEO\ௐFRRSHUDWHௐZLWKௐ6RXUFHZHOOௐLQௐDXGLWLQJௐWUDQVDFWLRQVௐ
XQGHUௐWKLVௐ&RQWUDFWௐWRௐVROHO\ௐWRௐWKHௐH[WHQWௐQHFHVVDU\ௐWRௐYHULI\ௐWKDWௐWKHௐ
DGPLQLVWUDWLYHௐIHHௐLVௐSDLGௐRQௐDOOௐHOLJLEOHௐLWHPVௐSXUFKDVHGௐXQGHUௐWKLVௐ&RQWUDFWௐLQௐ
DFFRUGDQFHௐZLWKௐWKHௐWHUPVௐRIௐWKLVௐ&RQWUDFW
,QௐWKHௐHYHQWௐWKHௐ9HQGRUௐLVௐGHOLQTXHQWௐLQௐDQ\ௐXQGLVSXWHGௐDGPLQLVWUDWLYHௐIHHVௐ
6RXUFHZHOOௐUHVHUYHVௐWKHௐULJKWௐWRௐFDQFHOௐWKLVௐ&RQWUDFWௐDQGௐUHMHFWௐDQ\ௐSURSRVDOௐ
VXEPLWWHGௐE\ௐWKHௐ9HQGRUௐLQௐDQ\ௐVXEVHTXHQWௐVROLFLWDWLRQௐ,QௐWKHௐHYHQWௐWKLVௐ&RQWUDFWௐ
LVௐFDQFHOOHGௐE\ௐHLWKHUௐSDUW\ௐSULRUௐWRௐWKHௐ&RQWUDFW¶VௐH[SLUDWLRQௐGDWHௐWKHௐ
DGPLQLVWUDWLYHௐIHHௐSD\PHQWௐZLOOௐEHௐGXHௐQRௐPRUHௐWKDQௐWKLUW\ௐௐGD\VௐIURPௐWKHௐ
FDQFHOODWLRQௐGDWH
$Q\ௐ3URGXFWVௐ(TXLSPHQWௐRUௐ6HUYLFHVௐVROGௐXQGHUௐWKLVௐ&RQWUDFWௐZLOOௐQRWௐEHௐHOLJLEOHௐ
IRUௐWKHௐ$GPLQLVWUDWLYHௐ)HHௐLIௐVXEMHFWௐWRௐDQ\ௐRWKHUௐUHEDWHௐRUௐJURXSௐSXUFKDVLQJௐ
RUJDQL]DWLRQௐDGPLQLVWUDWLYHௐIHHௐ6RXUFHZHOOௐVௐLVௐVROHO\ௐUHVSRQVLEOHௐIRUௐQRWLI\LQJௐDQ\ௐ
0HPEHUௐRUௐRWKHUௐHQWLW\ௐSDUWLFLSDWLQJௐKHUHXQGHUௐRIௐLWVௐ$GPLQLVWUDWLYHௐ)HHௐDQGௐIRUௐ
FRPSO\LQJௐZLWKௐDOOௐODZVௐDQGௐUHJXODWLRQVௐUHODWHGௐRUௐDSSOLFDEOHௐWRௐVXFKௐ$GPLQLVWUDWLYHௐ
)HHௐ
6HFWLRQௐ 9HQGRUௐPXVWௐLQGHPQLI\ௐVDYHௐDQGௐKROGௐ
6RXUFHZHOOௐDQGௐLWVௐ0HPEHUVௐLQFOXGLQJௐWKHLUௐ
DJHQWVௐDQGௐHPSOR\HHVௐKDUPOHVVௐIURPௐDQ\ௐ
FODLPVௐRUௐFDXVHVௐRIௐDFWLRQௐLQFOXGLQJௐDWWRUQH\V¶ௐ
IHHVௐDULVLQJௐRXWௐRIௐWKHௐSHUIRUPDQFHௐRIௐWKLVௐ
&RQWUDFWௐE\ௐWKHௐ9HQGRUௐRUௐLWVௐDJHQWVௐRUௐ
HPSOR\HHVௐWKLVௐLQGHPQLILFDWLRQௐLQFOXGHVௐLQMXU\ௐ
RUௐGHDWKௐWRௐSHUVRQVௐRUௐSURSHUW\ௐDOOHJHGௐWRௐ
KDYHௐEHHQௐFDXVHGௐE\ௐVRPHௐGHIHFWௐLQௐWKHௐ
(TXLSPHQWௐ3URGXFWVௐRUௐ6HUYLFHVௐXQGHUௐWKLVௐ
&RQWUDFWௐWRௐWKHௐH[WHQWௐWKHௐ(TXLSPHQWௐ3URGXFWௐ
RUௐ6HUYLFHௐKDVௐEHHQௐXVHGௐDFFRUGLQJௐWRௐLWVௐ
VSHFLILFDWLRQV
9HQGRUௐPXVWௐLQGHPQLI\ௐVDYHௐDQGௐKROGௐ6RXUFHZHOOௐDQGௐLWVௐ0HPEHUVௐLQFOXGLQJௐWKHLUௐ
DJHQWVௐDQGௐHPSOR\HHVௐKDUPOHVVௐIURPௐDQ\ௐFODLPVௐRUௐFDXVHVௐRIௐDFWLRQௐLQFOXGLQJௐ
DWWRUQH\V¶ௐIHHVௐEURXJKWௐDJDLQVWௐ6RXUFHZHOOௐRUௐLWVௐ0HPEHUௐE\ௐDௐWKLUGௐSDUW\ௐWRௐWKHௐ
H[WHQWௐDULVLQJௐRXWௐRIௐWKHௐQHJOLJHQWௐSHUIRUPDQFHௐRIௐWKLVௐ&RQWUDFWௐE\ௐWKHௐ9HQGRUௐRUௐ
LWVௐDJHQWVௐRUௐHPSOR\HHVௐWKLVௐLQGHPQLILFDWLRQௐLQFOXGHVௐLQMXU\ௐRUௐGHDWKௐWRௐSHUVRQVௐ
RUௐSURSHUW\ௐDOOHJHGௐWRௐKDYHௐEHHQௐFDXVHGௐE\ௐVRPHௐGHIHFWௐLQௐWKHௐ(TXLSPHQWௐ
3URGXFWVௐRUௐ6HUYLFHVௐXQGHUௐWKLVௐ&RQWUDFWௐWRௐWKHௐH[WHQWௐWKHௐ(TXLSPHQWௐ3URGXFWௐRUௐ
6HUYLFHௐKDVௐEHHQௐXVHGௐDFFRUGLQJௐWRௐLWVௐVSHFLILFDWLRQV
6HFWLRQௐ 6RXUFHZHOOௐUHVHUYHVௐWKHௐULJKWௐWRௐUHYLHZௐWKHௐ
ERRNVௐUHFRUGVௐGRFXPHQWVௐDQGௐDFFRXQWLQJௐ
SURFHGXUHVௐDQGௐSUDFWLFHVௐRIௐWKHௐ9HQGRUௐ
UHOHYDQWௐWRௐWKLVௐ&RQWUDFWௐIRUௐDௐPLQLPXPௐRIௐVL[ௐ
ௐ\HDUVௐIURPௐWKHௐHQGௐRIௐWKLVௐ&RQWUDFWௐ7KLVௐ
FODXVHௐH[WHQGVௐWRௐ0HPEHUVௐDVௐLWௐUHODWHVௐWRௐ
EXVLQHVVௐFRQGXFWHGௐE\ௐWKDWௐ0HPEHUௐXQGHUௐWKLVௐ
&RQWUDFW
6RXUFHZHOOௐUHVHUYHVௐWKHௐULJKWௐWRௐUHYLHZௐWKHௐERRNVௐUHFRUGVௐGRFXPHQWVௐDQGௐ
DFFRXQWLQJௐSURFHGXUHVௐDQGௐSUDFWLFHVௐRIௐWKHௐ9HQGRUௐSXUVXDQWௐWRௐWKLVௐ&RQWUDFWௐ
VROHO\ௐWRௐWKHௐH[WHQWௐQHFHVVDU\ௐWRௐYHULI\ௐ9HQGRU
VௐFRPSOLDQFHௐZLWKௐLWVௐREOLJDWLRQVௐ
KHUHXQGHUௐIRUௐDௐPLQLPXPௐRIௐVL[ௐௐ\HDUVௐIURPௐWKHௐHQGௐRIௐWKLVௐ&RQWUDFWௐ7KLVௐ
FODXVHௐH[WHQGVௐWRௐ0HPEHUVௐDVௐLWௐUHODWHVௐWRௐEXVLQHVVௐFRQGXFWHGௐE\ௐWKDWௐ0HPEHUௐ
XQGHUௐWKLVௐ&RQWUDFW
6RXUFHZHOOௐDQGௐLWVௐ0HPEHUVௐDJUHHௐWRௐUHFHLYHௐDQGௐKROGௐ&RQILGHQWLDOௐ,QIRUPDWLRQௐRIௐ
9HQGRUௐLQௐWUXVWௐDQGௐLQௐVWULFWHVWௐFRQILGHQFHௐDQGௐVKDOOௐQRWௐXVHௐUHSURGXFHௐGLVWULEXWHௐ
GLVFORVHௐRUௐRWKHUZLVHௐGLVVHPLQDWHௐDQ\ௐ&RQILGHQWLDOௐ,QIRUPDWLRQௐH[FHSWௐௐDVௐ
QHFHVVDU\ௐWRௐSHUIRUPௐLWVௐREOLJDWLRQVௐKHUHXQGHUௐRUௐௐDVௐUHTXLUHGௐE\ௐDSSOLFDEOHௐODZௐ
'LVFORVXUHVௐRIௐWKHௐ&RQILGHQWLDOௐ,QIRUPDWLRQௐPD\ௐEHௐPDGHௐRQO\ௐWRௐ6RXUFHZHOOௐRUௐLWVௐ
0HPEHU¶VௐHPSOR\HHVௐDQGௐDJHQWVௐZKRௐKDYHௐDௐVSHFLILFௐQHHGௐWRௐNQRZௐVXFKௐ
&RQILGHQWLDOௐ,QIRUPDWLRQௐDQGௐDUHௐVXEMHFWௐWRௐFRQILGHQWLDOLW\ௐUHVWULFWLRQVௐDWௐOHDVWௐDVௐ
UHVWULFWLYHௐDVௐWKRVHௐFRQWDLQHGௐKHUHLQௐ³&RQILGHQWLDOௐ,QIRUPDWLRQ´ௐPHDQVௐDOOௐ
GLVFORVXUHVௐXQGHUௐWKLVௐ6HFWLRQௐௐRUௐ6HFWLRQௐௐDVௐZHOOௐDVௐDQ\ௐQRQSXEOLFௐ
FRQILGHQWLDOௐRUௐSURSULHWDU\ௐLQIRUPDWLRQௐRIௐ9HQGRUௐGLVFORVHGௐWRௐ6RXUFHZHOOௐRUௐLWVௐ
0HPEHUௐWKURXJKௐDQ\ௐPHWKRGௐRUௐPHGLXPௐZKHWKHUௐRUௐQRWௐPDUNHGௐGHVLJQDWHGௐRUௐ
RWKHUZLVHௐLGHQWLILHGௐDVௐFRQILGHQWLDOௐLQௐFRQQHFWLRQௐZLWKௐWKLVௐ&RQWUDFWௐ8SRQௐ
9HQGRU
VௐUHTXHVWௐ6RXUFHZHOOௐRUௐLWVௐ0HPEHUௐVKDOOௐSURPSWO\ௐUHWXUQௐRUௐGHVWUR\ௐDOOௐ
GRFXPHQWVௐDQGௐRWKHUௐPDWHULDOVௐFRQWDLQLQJௐ&RQILGHQWLDOௐ,QIRUPDWLRQௐ7KHௐREOLJDWLRQVௐ
DQGௐUHVWULFWLRQVௐRIௐWKLVௐ6HFWLRQௐVKDOOௐVXUYLYHௐWKHௐH[SLUDWLRQௐRUௐHDUOLHUௐWHUPLQDWLRQௐRIௐ
WKHௐ$JUHHPHQW
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
6HFWLRQௐ $VௐDSSOLFDEOHௐ9HQGRUௐDJUHHVௐWRௐLQGHPQLI\ௐDQGௐ
KROGௐKDUPOHVVௐ6RXUFHZHOOௐDQGௐLWVௐ0HPEHUVௐ
DJDLQVWௐDQ\ௐDQGௐDOOௐVXLWVௐFODLPVௐMXGJPHQWVௐ
DQGௐFRVWVௐLQVWLWXWHGௐRUௐUHFRYHUHGௐDJDLQVWௐ
6RXUFHZHOOௐRUௐ0HPEHUVௐE\ௐDQ\ௐSHUVRQௐRQௐ
DFFRXQWௐRIௐWKHௐXVHௐRIௐDQ\ௐ(TXLSPHQWௐRUௐ
3URGXFWVௐE\ௐ6RXUFHZHOOௐRUௐLWVௐ0HPEHUVௐ
VXSSOLHGௐE\ௐ9HQGRUௐLQௐYLRODWLRQௐRIௐDSSOLFDEOHௐ
SDWHQWௐRUௐFRS\ULJKWௐODZV
$VௐDSSOLFDEOHௐ9HQGRUௐDJUHHVௐWRௐLQGHPQLI\ௐDQGௐKROGௐKDUPOHVVௐ6RXUFHZHOOௐDQGௐLWVௐ
0HPEHUVௐDJDLQVWௐDQ\ௐDQGௐDOOௐVXLWVௐFODLPVௐMXGJPHQWVௐDQGௐFRVWVௐLQVWLWXWHGௐRUௐ
UHFRYHUHGௐDJDLQVWௐ6RXUFHZHOOௐRUௐ0HPEHUVௐE\ௐDQ\ௐSHUVRQௐRQௐDFFRXQWௐRIௐWKHௐ
DXWKRUL]HGௐXVHௐRIௐDQ\ௐ(TXLSPHQWௐRUௐ3URGXFWVௐE\ௐ6RXUFHZHOOௐRUௐLWVௐ0HPEHUVௐLQௐ
DFFRUGDQFHௐZLWKௐWKHLUௐDSSOLFDEOHௐVSHFLILFDWLRQVௐVXSSOLHGௐE\ௐ9HQGRUௐXQGHUௐWKLVௐ
&RQWUDFWௐLQௐYLRODWLRQௐRIௐDSSOLFDEOHௐSDWHQWௐRUௐFRS\ULJKWௐODZV
6HFWLRQௐ$ ௐௐௐௐௐௐௐௐ(VFDODWLRQௐ,IௐSDUWLHVௐDUHௐXQDEOHௐWRௐ
UHVROYHௐWKHௐLVVXHௐLQௐDௐWLPHO\ௐPDQQHUௐDVௐ
VSHFLILHGௐDERYHௐHLWKHUௐ6RXUFHZHOOௐRUௐ9HQGRUௐ
PD\ௐHVFDODWHௐWKHௐUHVROXWLRQௐRIௐWKHௐLVVXHௐWRௐDௐ
KLJKHUௐOHYHOௐRIௐPDQDJHPHQWௐ7KHௐ9HQGRUௐZLOOௐ
KDYHௐWKLUW\ௐௐFDOHQGDUௐGD\VௐWRௐFXUHௐDQௐ
RXWVWDQGLQJௐLVVXH
ௐௐௐௐௐௐௐௐ(VFDODWLRQௐ,IௐSDUWLHVௐDUHௐXQDEOHௐWRௐUHVROYHௐWKHௐLVVXHௐLQௐDௐWLPHO\ௐPDQQHUௐ
DVௐVSHFLILHGௐDERYHௐHLWKHUௐ6RXUFHZHOOௐRUௐ9HQGRUௐPD\ௐHVFDODWHௐWKHௐUHVROXWLRQௐRIௐWKHௐ
LVVXHௐWRௐDௐKLJKHUௐOHYHOௐRIௐPDQDJHPHQWௐ7KHௐ9HQGRUௐZLOOௐKDYHௐQRWௐOHVVௐWKDQௐQLQHW\ௐ
ௐFDOHQGDUௐGD\VௐWRௐFXUHௐDQௐRXWVWDQGLQJௐLVVXHௐRUௐGHIDXOWௐLGHQWLILHGௐXQGHUௐ6HFWLRQௐ
%
'RFXPHQWV
(QVXUH\RXUVXEPLVVLRQGRFXPHQWVFRQIRUPVWRWKHIROORZLQJ
'RFXPHQWVLQ3')IRUPDWDUHSUHIHUUHG'RFXPHQWVLQ:RUG([FHORUFRPSDWLEOHIRUPDWVPD\DOVREHSURYLGHG
'RFXPHQWVVKRXOG127KDYHDVHFXULW\SDVVZRUGDV6RXUFHZHOOPD\QRWEHDEOHWRRSHQWKHILOH,WLV\RXUVROHUHVSRQVLELOLW\WRHQVXUHWKDWWKHXSORDGHG
GRFXPHQWVDUHQRWHLWKHUGHIHFWLYHFRUUXSWHGRUEODQNDQGWKDWWKHGRFXPHQWVFDQEHRSHQHGDQGYLHZHGE\6RXUFHZHOO
6RXUFHZHOOPD\UHMHFWDQ\UHVSRQVHZKHUHDQ\GRFXPHQWVFDQQRWEHRSHQHGDQGYLHZHGE\6RXUFHZHOO
,I\RXQHHGWRXSORDGPRUHWKDQRQHGRFXPHQWIRUDVLQJOHLWHP\RXVKRXOGFRPELQHWKHGRFXPHQWVLQWRRQH]LSSHGILOH,IWKH]LSSHGILOHFRQWDLQV
PRUHWKDQRQHGRFXPHQWHQVXUHHDFKGRFXPHQWLVQDPHGLQUHODWLRQWRWKHVXEPLVVLRQIRUPDWLWHPUHVSRQGLQJWR)RUH[DPSOHLIUHVSRQGLQJWRWKH
0DUNHWLQJ3ODQFDWHJRU\VDYHWKHGRFXPHQWDV³0DUNHWLQJ3ODQ´
)LQDQFLDO6WUHQJWKDQG6WDELOLW\%HUNVKLUH+DWKDZD\,QFSGI)ULGD\$XJXVW
0DUNHWLQJ3ODQ6DPSOHV0DUNHWLQJ3ODQSGI:HGQHVGD\$XJXVW
:0%(0%(6%(RU5HODWHG&HUWLILFDWHVRSWLRQDO
:DUUDQW\,QIRUPDWLRQ6&3&3&&:DUUDQWLHVSGI:HGQHVGD\$XJXVW
3ULFLQJ6KDZ6RXFHZHOO3ULFLQJ[OV[7KXUVGD\$XJXVW
$GGLWLRQDO'RFXPHQW6RXUFHZHOO([FHSWLRQ0RGLILFDWLRQ6KDZ[OV[7KXUVGD\$XJXVW
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
3URSRVHUV$VVXUDQFHRI&RPS
352326(5$6685$1&(2)&203/,$1&(
352326(5¶6$)),'$9,7
7KHXQGHUVLJQHGDXWKRUL]HGUHSUHVHQWDWLYHRIWKHHQWLW\VXEPLWWLQJWKHIRUHJRLQJSURSRVDOWKH³3URSRVHU´VZHDUVWKDWWKHIROORZLQJVWDWHPHQWVDUHWUXHWR
WKHEHVWRIKLVRUKHUNQRZOHGJH
7KH3URSRVHULVVXEPLWWLQJLWVSURSRVDOXQGHULWVWUXHDQGFRUUHFWQDPHWKH3URSRVHUKDVEHHQSURSHUO\RULJLQDWHGDQGOHJDOO\H[LVWVLQJRRG
VWDQGLQJLQLWVVWDWHRIUHVLGHQFHWKH3URSRVHUSRVVHVVHVRUZLOOSRVVHVVEHIRUHGHOLYHULQJDQ\SURGXFWVDQGUHODWHGVHUYLFHVDOODSSOLFDEOHOLFHQVHV
QHFHVVDU\IRUVXFKGHOLYHU\WR6RXUFHZHOOPHPEHUDJHQFLHV7KHXQGHUVLJQHGDIILUPVWKDWKHRUVKHLVDXWKRUL]HGWRDFWRQEHKDOIRIDQGWROHJDOO\
ELQGWKH3URSRVHUWRWKHWHUPVLQWKLV&RQWUDFW
7KH3URSRVHURUDQ\SHUVRQUHSUHVHQWLQJWKH3URSRVHUKDVQRWGLUHFWO\RULQGLUHFWO\HQWHUHGLQWRDQ\DJUHHPHQWRUDUUDQJHPHQWZLWKDQ\RWKHUYHQGRU
RUVXSSOLHUDQ\RIILFLDORUHPSOR\HHRI6RXUFHZHOORUDQ\SHUVRQILUPRUFRUSRUDWLRQXQGHUFRQWUDFWZLWK6RXUFHZHOOLQDQHIIRUWWRLQIOXHQFHWKH
SULFLQJWHUPVRUFRQGLWLRQVUHODWLQJWRWKLV5)3LQDQ\ZD\WKDWDGYHUVHO\DIIHFWVWKHIUHHDQGRSHQFRPSHWLWLRQIRUD&RQWUDFWDZDUGXQGHUWKLV5)3
7KHFRQWHQWVRIWKH3URSRVHU
VSURSRVDOKDYHQRWEHHQFRPPXQLFDWHGE\WKH3URSRVHURULWVHPSOR\HHVRUDJHQWVWRDQ\SHUVRQQRWDQHPSOR\HHRU
DJHQWRIWKH3URSRVHUDQGZLOOQRWEHFRPPXQLFDWHGWRDQ\VXFKSHUVRQVSULRUWRWKHRIILFLDORSHQLQJRIWKHSURSRVDOV
7KH3URSRVHUKDVH[DPLQHGDQGXQGHUVWDQGVWKHWHUPVFRQGLWLRQVVFRSHFRQWUDFWRSSRUWXQLW\VSHFLILFDWLRQVUHTXHVWDQGRWKHUGRFXPHQWVLQWKLV
VROLFLWDWLRQDQGDIILUPVWKDWDQ\DQGDOOH[FHSWLRQVKDYHEHHQQRWHGDQGLQFOXGHGZLWKWKH3URSRVHU¶V3URSRVDO
7KH3URSRVHUZLOOLIDZDUGHGD&RQWUDFWSURYLGHWR6RXUFHZHOO0HPEHUVWKHSURGXFWVDQGVHUYLFHVLQDFFRUGDQFHZLWKWKHWHUPVFRQGLWLRQVDQG
VFRSHRIWKLV5)3ZLWKWKH3URSRVHURIIHUHGVSHFLILFDWLRQVDQGZLWKWKHRWKHUGRFXPHQWVLQWKLVVROLFLWDWLRQ
7KH3URSRVHUDJUHHVWRGHOLYHUSURGXFWVDQGVHUYLFHVWKURXJKYDOLGFRQWUDFWVSXUFKDVHRUGHUVRUPHDQVWKDWDUHDFFHSWDEOHWR6RXUFHZHOO
0HPEHUV8QOHVVRWKHUZLVHDJUHHGWRWKH3URSRVHUPXVWSURYLGHRQO\QHZDQGILUVWTXDOLW\SURGXFWVDQGUHODWHGVHUYLFHVWR6RXUFHZHOO0HPEHUV
XQGHUDQDZDUGHG&RQWUDFW
7KH3URSRVHUZLOOFRPSO\ZLWKDOODSSOLFDEOHSURYLVLRQVRIIHGHUDOVWDWHDQGORFDOODZVUHJXODWLRQVUXOHVDQGRUGHUV
7KH3URSRVHUXQGHUVWDQGVWKDW6RXUFHZHOOZLOOUHMHFW5)3SURSRVDOVWKDWDUHPDUNHG³FRQILGHQWLDO´RU³QRQSXEOLF´HWFHLWKHUVXEVWDQWLDOO\RULQWKHLU
HQWLUHW\8QGHU0LQQHVRWD6WDWXWH6XEGDOOSURSRVDOVDUHFRQVLGHUHGQRQSXEOLFGDWDXQWLOWKHHYDOXDWLRQLVFRPSOHWHDQGD&RQWUDFWLV
DZDUGHG$WWKDWSRLQWSURSRVDOVJHQHUDOO\EHFRPHSXEOLFGDWD0LQQHVRWD6WDWXWHSHUPLWVRQO\FHUWDLQQDUURZO\GHILQHGGDWDWREH
FRQVLGHUHGD³WUDGHVHFUHW´DQGWKXVQRQSXEOLFGDWDXQGHU0LQQHVRWD¶V'DWD3UDFWLFHV$FW
7KH3URSRVHUXQGHUVWDQGVWKDWLWLVWKH3URSRVHU¶VGXW\WRSURWHFWLQIRUPDWLRQWKDWLWFRQVLGHUVQRQSXEOLFDQGLWDJUHHVWRGHIHQGDQGLQGHPQLI\6RXUFHZHOO
IRUUHDVRQDEOHPHDVXUHVWKDW6RXUFHZHOOWDNHVWRXSKROGVXFKDGDWDGHVLJQDWLRQ
%\FKHFNLQJWKLVER[,DFNQRZOHGJHWKDW,DPERXQGE\WKHWHUPVRIWKH3URSRVHU¶V$IILGDYLWKDYHWKHOHJDODXWKRULW\WRVXEPLWWKLV3URSRVDORQEHKDOIRI
WKH3URSRVHUDQGWKDWWKLVHOHFWURQLFDFNQRZOHGJPHQWKDVWKHVDPHOHJDOHIIHFWYDOLGLW\DQGHQIRUFHDELOLW\DVLI,KDGKDQGVLJQHGWKH3URSRVDO7KLV
VLJQDWXUHZLOOQRWEHGHQLHGVXFKOHJDOHIIHFWYDOLGLW\RUHQIRUFHDELOLW\VROHO\EHFDXVHDQHOHFWURQLFVLJQDWXUHRUHOHFWURQLFUHFRUGZDVXVHGLQLWVIRUPDWLRQ
5REHUW&KDQGOHU([HFXWLYH9LFH3UHVLGHQW&RPPHUFLDO'LYLVLRQ
7KH3URSRVHUGHFODUHVWKDWWKHUHLVDQDFWXDORUSRWHQWLDO&RQIOLFWRI,QWHUHVWUHODWLQJWRWKHSUHSDUDWLRQRILWVVXEPLVVLRQDQGRUWKH3URSRVHUIRUHVHHVDQ
DFWXDORUSRWHQWLDO&RQIOLFWRI,QWHUHVWLQSHUIRUPLQJWKHFRQWUDFWXDOREOLJDWLRQVFRQWHPSODWHGLQWKHELG
<HV1R
7KH%LGGHUDFNQRZOHGJHVDQGDJUHHVWKDWWKHDGGHQGXPDGGHQGDEHORZIRUPSDUWRIWKH%LG'RFXPHQW
&KHFNWKHER[LQWKHFROXPQ,KDYHUHYLHZHGWKLVDGGHQGXPEHORZWRDFNQRZOHGJHHDFKRIWKHDGGHQGD
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA
)LOH1DPH
,KDYHUHYLHZHGWKH
EHORZDGGHQGXPDQG
DWWDFKPHQWVLI
DSSOLFDEOH
3DJHV
$GGHQGXPBB5)3B)ORRULQJ0DWHULDOVZLWK5HODWHG6XSSOLHVDQG6HUYLFHV
)UL-XO\30
$GGHQGXPBB)ORRULQJ0DWHULDOVZLWK5(DOWHG6XSSOLHVDQG6(UYLFHVB5)3
0RQ-XO\30
$GGHQGXPBB)/RRULQJ0DWHULDOVZLWK5(ODWHG6XSSOLHVDQG6HUYLFHVB5)3
7XH-XO\30
$GGHQGXPBB)ORRULQJ0DWHULDOVZLWK5HODWHG6XSSOLHVDQG6HUYLFHVB5)3B
7XH-XO\$0
$GGHQGXPBB)ORRULQJ0DWHULDOVZLWK5HODWHG6XSSOLHVDQG6HUYLFHVB5)3B
0RQ-XO\30
$GGHQGXPBB)ORRULQJ0DWHULDOVZLWK5HODWHG6XSSOLHVDQG6HUYLFHVB5)3B
:HG-XO\30
$GGHQGXPBB)ORRULQJ0DWHULDOVZLWK5HODWHG6XSSOLHVDQG6HUYLFHVB5)3B
7XH-XO\30
DocuSign Envelope ID: 1E69E0EB-E7A7-4B77-BF1B-BC862BFB96FA