5(&200(1'(' )25 )8//7(;7 38%/,&$7,21  &RRNY6WHJDOO 1R 3XUVXDQW WR 6L[WK &LUFXLW 5XOH 

(/(&7521,& &,7$7,21  )(' $SS 3 WK &LU

ZKHWKHU WR HTXLWDEO\ WROO D SHULRG RI OLPLWDWLRQV PXVW EH )LOH 1DPH DS

GHFLGHGRQDFDVHE\FDVHEDVLV7UXLWWY&RXQW\RI:D\QH )G WK&LU   81,7('67$7(6&28572)$33($/6 &RRNDUJXHVWKDWEHFDXVHWKHSULVRQFRSLHUZDVEURNHQKH KDGWRPDLOKLVKDEHDVSHWLWLRQWRKLVGDXJKWHUIRUGXSOLFDWLRQ )257+(6,;7+&,5&8,7 RWKHUZLVHKHZRXOGQRWKDYHEHHQLQFRPSOLDQFHZLWKWKH BBBBBBBBBBBBBBBBB ILOLQJ UHTXLUHPHQWV  ,Q WKH (DVWHUQ 'LVWULFW RI 0LFKLJDQ KDEHDVSHWLWLRQVmVKDOOEHILOHGZLWKWKH&OHUNLQGXSOLFDWH 7KH GXSOLFDWH FRSLHV DUH WR EH FOHDUO\ PDUNHG µsXGJHjV 7+(2'25( &22. ; &RS\jl('0LFK5 E  3HWLWLRQHU$SSHOODQW   $VVHVVLQJWKHILYHIDFWRUVRXWOLQHGLQ'XQODSQRHYLGHQFH  1R VXJJHVWV WKDW &RRN KDG DFWXDO QRWLFH RU FRQVWUXFWLYH Y  NQRZOHGJHRIWKHILOLQJUHTXLUHPHQWXQWLODIHZGD\VSULRUWR !  WKHGHDGOLQH+RZHYHUHYHQDFFRUGLQJWR&RRNKHGLGNQRZ s,00< 67(*$//:DUGHQ  DERXWWKHGHDGOLQHEHIRUHLWH[SLUHG$GGLWLRQDOO\LWLVKDUG 5HVSRQGHQW$SSHOOHH  WR LPDJLQH KRZ WKH 5HVSRQGHQW ZRXOG EH SUHMXGLFHG E\ D 1 SHWLWLRQURXJKO\RQHPRQWKODWH $SSHDOIURPWKH8QLWHG6WDWHV'LVWULFW&RXUW $VVXPLQJ WKH SULVRQ FRSLHU ZDV EURNHQ &RRN FHUWDLQO\ IRUWKH(DVWHUQ'LVWULFWRI0LFKLJDQDW'HWURLW PD\KDYHDFWHGUHDVRQDEO\ZKHQKHPDLOHGWKHSHWLWLRQWRKLV 1R n$YHUQ&RKQ6HQLRU'LVWULFWsXGJH GDXJKWHUIRUSKRWRFRS\LQJ WKHORFDOUXOHZRXOGVXJJHVWWKDW WREHDVHQVLEOHFRXUVHRIDFWLRQ+RZHYHU&RRNZRXOGKDYH $UJXHG sXQH QHYHUKDYHEHHQLQWKLVKXUULHGVWDWHKDGKHQRWZDLWHGQHDUO\ WZHOYH\HDUVWRILOHKLVKDEHDVSHWLWLRQ7KLVH[WHQGHGSHULRG 'HFLGHGDQG)LOHG sXO\ GXULQJZKLFKKHVDWRQKLVFODLPVGHPRQVWUDWHVWKDW&RRNZDV QRWGLOLJHQWLQSXUVXLQJKLVULJKWV %HIRUH .(,7+DQG'$8*+75(<&LUFXLWsXGJHV 0$5%/(<'LVWULFWsXGJH *LYHQ WKLV H[WUDRUGLQDULO\ ORQJ SHULRG RI XQH[SODLQHG LGOHQHVVDQGWKHIDFWWKDW&RRNGLGKDYHNQRZOHGJHRIWKH BBBBBBBBBBBBBBBBB ILOLQJGHDGOLQHDWOHDVWDIHZGD\VSULRUWRWKHGHDGOLQHZH ILQGLWLQDSSURSULDWHWRH[HUFLVHRXUHTXLWDEOHSRZHUVDQGWROO &2816(/ WKHVWDWXWHRIOLPLWDWLRQVLQWKLVFDVH $5*8('   sDPHV 5 *HURPHWWD )('(5$/ 38%/,& ,,,&21&/86,21 '()(1'(56 2)),&( 'HWURLW 0LFKLJDQ IRU $SSHOODQW 5DLQD,.RUEDNLV67$7(2)0,&+,*$1'(3$570(17 :H$)),50WKHMXGJPHQWRIWKH+RQRUDEOH$YHUQ&RKQ

7KH +RQRUDEOH $OJHQRQ / 0DUEOH\ 8QLWHG 6WDWHV 'LVWULFW sXGJH IRU WKH 6RXWKHUQ 'LVWULFW RI 2KLR VLWWLQJ E\ GHVLJQDWLRQ

  &RRNY6WHJDOO 1R 1R &RRNY6WHJDOO 

2) $77251(< *(1(5$/ /DQVLQJ 0LFKLJDQ IRU ZLWKKLVOHJDOGRFXPHQWVDWKLVSHULOl 3DLJHY8QLWHG6WDWHV $SSHOOHH  21 %5,()   s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s.(,7+&LUFXLWsXGJH3HWLWLRQHU7KHRGRUH HDUOLHU PDLOLQJ GDWH DV WKH ILOLQJ GDWH  ,Q WKLV PDQQHU &RRN m&RRNl  DSSHDOV WKH GLVWULFW FRXUWj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jVODFNRIQRWLFHRIWKHILOLQJ UHTXLUHPHQW    WKH SHWLWLRQHUjV ODFN RI FRQVWUXFWLYH &RRN ZDV FRQYLFWHG RI )LUVW 'HJUHH 0XUGHU LQ sDQXDU\ NQRZOHGJHRIWKHILOLQJUHTXLUHPHQW   GLOLJHQFHLQSXUVXLQJ  LQWKH5HFRUGHUV&RXUWIRUWKH&LW\RI'HWURLW0LFKLJDQ RQHjVULJKWV   DEVHQFHRISUHMXGLFHWRWKHUHVSRQGHQW DQG +LV VWDWH FRXUW DSSHDOV ZHUH H[KDXVWHG DQG KLV FRQYLFWLRQ  WKHSHWLWLRQHUjVUHDVRQDEOHQHVVLQUHPDLQLQJLJQRUDQWRI ILQDOL]HGRQsXQH ZKHQWKH0LFKLJDQ6XSUHPH&RXUW WKHOHJDOUHTXLUHPHQWIRUILOLQJWKHFODLP'XQODSY8QLWHG GHQLHG&RRNjVDSSOLFDWLRQIRUOHDYHWRDSSHDO 6WDWHV  )G  WK &LU    7KLV &LUFXLW KDV UHSHDWHGO\FDXWLRQHGWKDWHTXLWDEOHWROOLQJUHOLHIVKRXOGRQO\ &RRNGLGQRWILOHDSHWLWLRQIRUDZULWRIKDEHDVFRUSXVXQWLO EHJUDQWHGVSDULQJO\6HHHJ'XQODS)GDW     &RRNjV LQLWLDO SHWLWLRQ ZDV PDUNHG UHFHLYHG E\ WKH $VVWDWHGLQ*UDKDP+XPSKUH\VWKHILYHIDFWRUVFRQVLGHUHG &OHUNjV 2IILFH RI WKH 8QLWHG 6WDWHV 'LVWULFW &RXUW IRU WKH LQGHFLGLQJZKHWKHUWRHTXLWDEO\WROODOLPLWDWLRQVSHULRGDUH (DVWHUQ'LVWULFWRI0LFKLJDQRQ0D\ 7KHSHWLWLRQ QRWFRPSUHKHQVLYHQRULVHDFKRIWKHILYHIDFWRUVUHOHYDQWLQ ZDV UHMHFWHG DQG UHWXUQHG WR &RRN EHFDXVH LW ZDV QHLWKHU DOOFDVHV*UDKDP+XPSKUH\V )GDW7KHGHFLVLRQ DFFRPSDQLHGE\WKHILYHGROODUILOLQJIHHQRUDQDSSOLFDWLRQWR  &RRNY6WHJDOO 1R 1R &RRNY6WHJDOO 

FRPPHQFHPHQWRIVXLWVXSRQH[LVWLQJFDXVHVRIDFWLRQl,G SURFHHG LQ IRUPD SDXSHULV  &RRNjV VXEVHTXHQW SHWLWLRQ DW6&WDW$VVXFKFRXUWVQHDUO\XQDQLPRXVO\ DFFRPSDQLHGE\DQDSSOLFDWLRQWRSURFHHGLQIRUPDSDXSHULV DOORZSULVRQHUVDmUHDVRQDEOHWLPHlDIWHUWKHHQDFWPHQWRIWKH ZDVPDUNHGUHFHLYHGE\WKH&OHUNjV2IILFHRQsXO\  $('3$WRILOHDKDEHDVSHWLWLRQHYHQLIWKHLUFRQYLFWLRQZDV $GGLWLRQDOO\ WKH DSSOLFDWLRQ WR SURFHHG LQ IRUPD SDXSHULV ILQDOL]HGLQWKHVWDWHFRXUWVPRUHWKDQRQH\HDUSULRUWRWKH ZDVGDWHGDQGQRWDUL]HG$SULO   ILOLQJRIWKHSHWLWLRQ6HHHJ8QLWHG6WDWHVY)ORUHV )G WK&LU  3HWHUVRQY'HPVNLH)G  2Q 6HSWHPEHU    5HVSRQGHQW sLPP\ 6WHJDOO  G&LU  &DOGHURQY8QLWHG6WDWHV'LVWULFW&RXUWIRU m5HVSRQGHQWl ILOHGDPRWLRQWRGLVPLVVWKHSHWLWLRQDOOHJLQJ WKH&HQWUDO'LVWULFWRI&DOLIRUQLD)G WK WKDW LW ZDV XQWLPHO\  5HVSRQGHQW FODLPHG WKDW XQGHU WKH &LU  8QLWHG6WDWHVY6LPPRQGV)G $QWLWHUURULVP DQG (IIHFWLYH 'HDWK 3HQDOW\ $FW RI   WK &LU    /LQGK Y 0XUSK\  )G   WK m$('3$l  &RRN ZDV UHTXLUHG WR ILOH KLV SHWLWLRQ RQ RU &LU  UHY GRQRWKHUJURXQGV866&W EHIRUH$SULO   /(GG   7KLV&LUFXLWKDVDOUHDG\UXOHG WKDWDRQH\HDUJUDFHSHULRGDIWHUWKH$('3$jVHIIHFWLYHGDWH &RRNUHVSRQGHGWRWKHPRWLRQPDNLQJWKUHHFODLPV)LUVW LV UHDVRQDEOH  6HH %URZQ  )G DW   7KHUHIRUH &RRNFODLPHGWKDWWKHSHWLWLRQKDGEHHQWLPHO\ILOHGE\KLV DSSO\LQJ WKLV RQH\HDU GHDGOLQH WR &RRNjV KDEHDV SHWLWLRQ GDXJKWHU (ODLQH &RRN DQG WKH &OHUNjV VWDPS RI 0D\  GRHVQRWYLRODWHKLVGXHSURFHVVULJKWV  ZDVDPLVWDNH6HFRQG&RRNFODLPHGWKDWWKHFRPPRQ ODZPDLOER[UXOHDSSOLHGWRPDNHKLVSHWLWLRQWLPHO\DVKH ' &RPPRQ/DZ0DLOER[5XOH PDLOHGWKHSHWLWLRQWRKLVGDXJKWHURQ$SULO RU WR SKRWRFRS\DQGILOH&RRNDOOHJHGWKDWKHKDGQRWOHDUQHGRI 1H[W &RRN DUJXHV WKDW WKH FRPPRQ ODZ PDLOER[ UXOH WKH $SULO  GHDGOLQH XQWLO $SULO  DW ZKLFK SRLQW KH VKRXOGDSSO\LQWKLVFDVHWKHUHE\PDNLQJKLVKDEHDVSHWLWLRQ LPPHGLDWHO\FDOOHGKLVGDXJKWHUDQGLQVWUXFWHGKHUWRILOHWKH WLPHO\ DFFRUGLQJO\$SULO RUWKHGD\WKDWKHPDLOHGWKH SHWLWLRQ)LQDOO\&RRNFODLPHGWKDWEHFDXVHWKHSULVRQFRSLHU KDEHDV SHWLWLRQ WR KLV GDXJKWHU VKRXOG EH FRQVLGHUHG WKH ZDVEURNHQWKHOLPLWDWLRQVSHULRGVKRXOGKDYHEHHQHTXLWDEO\ DFWXDOILOLQJGDWH:HILQGWKHPDLOER[UXOHLQDSSOLFDEOHWR WROOHG WKLVFDVHDQGDIILUPWKHGLVWULFWFRXUWRQWKHLVVXH ,QLWLDOO\WKHGLVWULFWFRXUWUXOHGWKDWWKHPDLOER[UXOHVKRXOG 8QGHUWKHPDLOER[UXOHDKDEHDVSHWLWLRQLVGHHPHGILOHG DSSO\DQGIRXQG&RRNj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jVIDLOXUHWRDFWSURPSWO\RQWKHLUEHKDOI DSSOLHGWRPDNHKLVDSSOLFDWLRQWLPHO\$GGLWLRQDOO\&RRN ,GDW DUJXHVWKDWKHODFNHGDGHTXDWHQRWLFHRIWKHDSSOLFDELOLW\RI WKH$('3$VWDWXWHRIOLPLWDWLRQVWRKLVFRQYLFWLRQVLQFHLW &RXUWVKDYHEHHQUHOXFWDQWWRH[WHQGWKHPDLOER[UXOHWRWKH EHFDPHHIIHFWLYHRQO\DIWHUKLVFRQYLFWLRQZDVILQDOL]HG VLWXDWLRQZKHUHDSULVRQHUPDLOVWKHSHWLWLRQWRDWKLUGSDUW\ IRUILOLQJ6HHHJ8QLWHG6WDWHVY&LFHUR)G   '& &LU   3HWLWLRQHU mHQWUXVWHG 0U $Oj$VNDUL  &RRNY6WHJDOO 1R 1R &RRNY6WHJDOO 

,,$1$/<6,6 ,Q DSSO\LQJ OHJLVODWLYHO\ DPHQGHG SHULRGV RI OLPLWDWLRQ FRXUWVW\SLFDOO\FRQVWUXHWKHPDVmJRYHUQ>LQJ@WKHVHFRQGDU\ $ 6WDQGDUGRI5HYLHZ FRQGXFW RI ILOLQJ VXLW QRW WKH SULPDU\ FRQGXFW RI WKH >SDUWLHV@l  6W /RXLV Y 7H[DV :RUNHU V &RPSHQVDWLRQ 7KHGLVSRVLWLRQRIDKDEHDVSHWLWLRQE\WKHGLVWULFWFRXUWLV &RPPLVVLRQ)G WK&LU  6LPLODUO\LWLV UHYLHZHGGHQRYR7KHGLVPLVVDORIDKDEHDVSHWLWLRQE\WKH RIWHQVDLGWKDWVWDWXWHVRIOLPLWDWLRQJRWRPDWWHUVRIUHPHG\ GLVWULFW FRXUW DV EDUUHG E\  86& † V VWDWXWH RI UDWKHUWKDQWRIXQGDPHQWDOULJKWV6HHHJ&KDVH6HFXULWLHV OLPLWDWLRQVLVUHYLHZHGGHQRYR%URQDXJKY2KLR)G &RUSY'RQDOGVRQ866&W     UHKjJ DQG UHKjJ HQ EDQF GHQLHG    /(G    m7KLV&RXUWDGRSWHGDVD 7KHIDFWXDOILQGLQJVRIDGLVWULFWFRXUWDUHUHYLHZHGXQGHUD ZRUNLQJ K\SRWKHVLV DV D PDWWHU RI FRQVWLWXWLRQDO ODZ WKH FOHDUO\HUURQHRXVVWDQGDUG/XFDVY2j'HD )G YLHZWKDWVWDWXWHVRIOLPLWDWLRQJRWRPDWWHUVRIUHPHG\QRWWR  WK&LU  GHVWUXFWLRQRIIXQGDPHQWDOULJKWVl $VVXFKFRXUWVGRQRW LQWHUSUHWWKHUHWURDFWLYHDSSOLFDWLRQRIVWDWXWHRIOLPLWDWLRQVDV % )LOLQJ'HDGOLQH UHTXLULQJ WKH QRWLFH WKDW GXH SURFHVV UHTXLUHV  m>6@WDWXWHV UHODWLQJ WR UHPHGLHV RU PRGHV RI SURFHGXUH ZKLFK GR QRW 2Q $SULO    EHWZHHQ WKH ILQDOL]DWLRQ RI &RRNjV FUHDWH QHZ RU WDNH DZD\ YHVWHG ULJKWV EXW RQO\ RSHUDWH LQ FRQYLFWLRQDQGWKHILOLQJRIKLVKDEHDVSHWLWLRQWKH$('3$ IXUWKHUDQFHRIWKHUHPHG\RUFRQILUPDWLRQRIVXFKULJKWVGR EHFDPHHIIHFWLYH7KH$('3$DPHQGHG86&†WR QRW QRUPDOO\ FRPH ZLWKLQ WKH OHJDO FRQFHSWLRQ RI D LQFOXGH D QHZ RQH\HDU SHULRG RI OLPLWDWLRQV IRU KDEHDV UHWURVSHFWLYHODZRUWKHJHQHUDOUXOHDJDLQVWWKHUHWURVSHFWLYH SHWLWLRQV EURXJKW E\ SULVRQHUV FKDOOHQJLQJ VWDWH FRXUW RSHUDWLRQ RI VWDWXWHVl  8QLWHG 6WDWHV Y )ORUHV  )G MXGJPHQWV6HH86&† G  $ )RUSULVRQHUVOLNH   Q WK &LU    TXRWLQJ  $PsXUG &RRNZKRVHFRQYLFWLRQVZHUHILQDOL]HGSULRUWRHQDFWPHQWRI 6WDWXWHV†    IRRWQRWHRPLWWHG  WKH $('3$ WKLV &LUFXLW KDV UXOHG WKDW WKH\ KDYH RQH DGGLWLRQDO\HDUDIWHUWKH$FWjVHIIHFWLYHGDWHWRILOHDKDEHDV 7KH DSSOLFDWLRQ RI D OHJLVODWLYHO\ DPHQGHG OLPLWDWLRQV SHWLWLRQ6HH%URZQY2j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m>L@WLVHVVHQWLDOWKDWVXFK GLVWULFWFRXUWjVGHFLVLRQWKDWDSSO\LQJWKHRQH\HDUOLPLWDWLRQV VWDWXWHVDOORZDUHDVRQDEOHWLPHDIWHUWKH\WDNHHIIHFWIRUWKH SHULRGWR&RRNGRHVQRWYLRODWHGXHSURFHVV