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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 384.65 Td (Payments ) Tj ET Q q 0 0 0 rg BT 127.44 384.65 Td (for ) Tj ET Q q 0 0 0 rg BT 141.65 384.65 Td (each ) Tj ET Q q 0 0 0 rg BT 162.52 384.65 Td (series ) Tj ET Q q 0 0 0 rg BT 187.85 384.65 Td (of ) Tj ET Q q 0 0 0 rg BT 198.73 384.65 Td (Notes ) Tj ET Q q 0 0 0 rg BT 224.61 384.65 Td (will ) Tj ET Q q 0 0 0 rg BT 242.72 384.65 Td (be ) Tj ET Q q 0 0 0 rg BT 254.72 384.65 Td (dependent ) Tj ET Q q 0 0 0 rg BT 298.36 384.65 Td (on ) Tj ET Q q 0 0 0 rg BT 310.92 384.65 Td (payments ) Tj ET Q q 0 0 0 rg BT 351.80 384.65 Td (PFL) Tj ET Q q 0 0 0 rg BT 368.66 384.65 Td ( ) Tj ET Q q 0 0 0 rg BT 371.21 384.65 Td (receives ) Tj ET Q q 0 0 0 rg BT 406.52 384.65 Td (on ) Tj ET Q q 0 0 0 rg BT 419.07 384.65 Td (a ) Tj ET Q q 0 0 0 rg BT 426.06 384.65 Td (specific ) Tj ET Q q 0 0 0 rg BT 459.71 384.65 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 500.58 384.65 Td (Loan ) Tj ET Q q 0 0 0 rg BT 523.69 384.65 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.65 Td (in ) Tj ET Q q 0 0 0 rg BT 59.15 372.65 Td (a ) Tj ET Q q 0 0 0 rg BT 64.97 372.65 Td (listing ) Tj ET Q q 0 0 0 rg BT 91.35 372.65 Td (posted ) Tj ET Q q 0 0 0 rg BT 118.83 372.65 Td (to ) Tj ET Q q 0 0 0 rg BT 127.99 372.65 Td (our ) Tj ET Q q 0 0 0 rg BT 142.69 372.65 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 195.12 372.65 Td (All ) Tj ET Q q 0 0 0 rg BT 209.28 372.65 Td (listings ) Tj ET Q q 0 0 0 rg BT 239.55 372.65 Td (on ) Tj ET Q q 0 0 0 rg BT 250.93 372.65 Td (our ) Tj ET Q q 0 0 0 rg BT 265.63 372.65 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 315.87 372.65 Td (are ) Tj ET Q q 0 0 0 rg BT 329.45 372.65 Td (posted ) Tj ET Q q 0 0 0 rg BT 356.93 372.65 Td (by ) Tj ET Q q 0 0 0 rg BT 368.31 372.65 Td (individual ) Tj ET Q q 0 0 0 rg BT 410.24 372.65 Td (consumer ) Tj ET Q q 0 0 0 rg BT 450.49 372.65 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 492.41 372.65 Td (of ) Tj ET Q q 0 0 0 rg BT 502.11 372.65 Td (PFL) Tj ET Q q 0 0 0 rg BT 518.97 372.65 Td ( ) Tj ET Q q 0 0 0 rg BT 520.35 372.65 Td (requesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.65 Td (individual ) Tj ET Q q 0 0 0 rg BT 93.05 360.65 Td (consumer ) Tj ET Q q 0 0 0 rg BT 134.43 360.65 Td (loans. ) Tj ET Q q 0 0 0 rg BT 160.54 360.65 Td (In ) Tj ET Q q 0 0 0 rg BT 171.37 360.65 Td (addition, ) Tj ET Q q 0 0 0 rg BT 209.14 360.65 Td (each ) Tj ET Q q 0 0 0 rg BT 229.96 360.65 Td (listing ) Tj ET Q q 0 0 0 rg BT 257.46 360.65 Td (will ) Tj ET Q q 0 0 0 rg BT 275.52 360.65 Td (be ) Tj ET Q q 0 0 0 rg BT 287.46 360.65 Td (described ) Tj ET Q q 0 0 0 rg BT 328.27 360.65 Td (in ) Tj ET Q q 0 0 0 rg BT 338.55 360.65 Td (a ) Tj ET Q q 0 0 0 rg BT 345.49 360.65 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 390.76 360.65 Td (supplement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 336.65 Td (Important ) Tj ET Q q 0 0 0 rg BT 127.93 336.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 152.65 336.65 Td (of ) Tj ET Q q 0 0 0 rg BT 163.48 336.65 Td (the ) Tj ET Q q 0 0 0 rg BT 178.20 336.65 Td (Notes ) Tj ET Q q 0 0 0 rg BT 204.03 336.65 Td (include ) Tj ET Q q 0 0 0 rg BT 235.96 336.65 Td (the ) Tj ET Q q 0 0 0 rg BT 250.68 336.65 Td (following, ) Tj ET Q q 0 0 0 rg BT 294.56 336.65 Td (each ) Tj ET Q q 0 0 0 rg BT 315.38 336.65 Td (of ) Tj ET Q q 0 0 0 rg BT 326.21 336.65 Td (which ) Tj ET Q q 0 0 0 rg BT 353.15 336.65 Td (is ) Tj ET Q q 0 0 0 rg BT 362.32 336.65 Td (described ) Tj ET Q q 0 0 0 rg BT 403.13 336.65 Td (in ) Tj ET Q q 0 0 0 rg BT 413.41 336.65 Td (detail ) Tj ET Q q 0 0 0 rg BT 438.12 336.65 Td (in ) Tj ET Q q 0 0 0 rg BT 448.40 336.65 Td (this ) Tj ET Q q 0 0 0 rg BT 465.35 336.65 Td (prospectus:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 306.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 306.65 Td (The ) Tj ET Q q 0 0 0 rg BT 131.17 306.65 Td (Notes ) Tj ET Q q 0 0 0 rg BT 157.12 306.65 Td (are ) Tj ET Q q 0 0 0 rg BT 171.95 306.65 Td (special, ) Tj ET Q q 0 0 0 rg BT 204.84 306.65 Td (limited ) Tj ET Q q 0 0 0 rg BT 235.80 306.65 Td (obligations ) Tj ET Q q 0 0 0 rg BT 282.86 306.65 Td (of ) Tj ET Q q 0 0 0 rg BT 293.82 306.65 Td (PFL) Tj ET Q q 0 0 0 rg BT 310.68 306.65 Td ( ) Tj ET Q q 0 0 0 rg BT 313.30 306.65 Td (only ) Tj ET Q q 0 0 0 rg BT 333.70 306.65 Td (and ) Tj ET Q q 0 0 0 rg BT 350.76 306.65 Td (are ) Tj ET Q q 0 0 0 rg BT 365.59 306.65 Td (not ) Tj ET Q q 0 0 0 rg BT 381.00 306.65 Td (obligations ) Tj ET Q q 0 0 0 rg BT 428.06 306.65 Td (of ) Tj ET Q q 0 0 0 rg BT 439.02 306.65 Td (its ) Tj ET Q q 0 0 0 rg BT 451.09 306.65 Td (parent ) Tj ET Q q 0 0 0 rg BT 478.70 306.65 Td (company) Tj ET Q q 0 0 0 rg BT 514.70 306.65 Td (, ) Tj ET Q q 0 0 0 rg BT 519.83 306.65 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 542.73 306.65 Td (or ) Tj ET Q q 0 0 0 rg BT 553.69 306.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 294.65 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 294.65 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 170.76 294.65 Td (under ) Tj ET Q q 0 0 0 rg BT 196.03 294.65 Td (the ) Tj ET Q q 0 0 0 rg BT 210.74 294.65 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 270.45 294.65 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 311.27 294.65 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 276.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 276.65 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 138.97 276.65 Td (obligation ) Tj ET Q q 0 0 0 rg BT 182.56 276.65 Td (to ) Tj ET Q q 0 0 0 rg BT 193.38 276.65 Td (make ) Tj ET Q q 0 0 0 rg BT 218.08 276.65 Td (payments ) Tj ET Q q 0 0 0 rg BT 259.45 276.65 Td (on ) Tj ET Q q 0 0 0 rg BT 272.49 276.65 Td (a ) Tj ET Q q 0 0 0 rg BT 279.97 276.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 302.45 276.65 Td (will ) Tj ET Q q 0 0 0 rg BT 321.05 276.65 Td (be ) Tj ET Q q 0 0 0 rg BT 333.53 276.65 Td (limited ) Tj ET Q q 0 0 0 rg BT 364.90 276.65 Td (to ) Tj ET Q q 0 0 0 rg BT 375.72 276.65 Td (an ) Tj ET Q q 0 0 0 rg BT 388.20 276.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 421.24 276.65 Td (equal ) Tj ET Q q 0 0 0 rg BT 445.93 276.65 Td (to ) Tj ET Q q 0 0 0 rg BT 456.75 276.65 Td (the ) Tj ET Q q 0 0 0 rg BT 472.01 276.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 494.49 276.65 Td (holder's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.78 276.65 Td (pr) Tj ET Q q 0 0 0 rg BT 537.30 276.65 Td (o ) Tj ET Q q 0 0 0 rg BT 545.34 276.65 Td (rata ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 264.65 Td (share ) Tj ET Q q 0 0 0 rg BT 136.23 264.65 Td (of ) Tj ET Q q 0 0 0 rg BT 146.69 264.65 Td (amounts ) Tj ET Q q 0 0 0 rg BT 182.70 264.65 Td (PFL) Tj ET Q q 0 0 0 rg BT 199.56 264.65 Td ( ) Tj ET Q q 0 0 0 rg BT 201.69 264.65 Td (receives ) Tj ET Q q 0 0 0 rg BT 236.57 264.65 Td (with ) Tj ET Q q 0 0 0 rg BT 256.48 264.65 Td (respect ) Tj ET Q q 0 0 0 rg BT 286.93 264.65 Td (to ) Tj ET Q q 0 0 0 rg BT 296.83 264.65 Td (the ) Tj ET Q q 0 0 0 rg BT 311.18 264.65 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 370.51 264.65 Td (borrower ) Tj ET Q q 0 0 0 rg BT 409.29 264.65 Td (loan, ) Tj ET Q q 0 0 0 rg BT 431.14 264.65 Td (net ) Tj ET Q q 0 0 0 rg BT 445.49 264.65 Td (of ) Tj ET Q q 0 0 0 rg BT 455.94 264.65 Td (any ) Tj ET Q q 0 0 0 rg BT 472.51 264.65 Td (servicing ) Tj ET Q q 0 0 0 rg BT 511.30 264.65 Td (fees. ) Tj ET Q q 0 0 0 rg BT 532.02 264.65 Td (Neither ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 252.65 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 147.54 252.65 Td (Funding ) Tj ET Q q 0 0 0 rg BT 184.86 252.65 Td (LLC ) Tj ET Q q 0 0 0 rg BT 207.73 252.65 Td (nor ) Tj ET Q q 0 0 0 rg BT 225.05 252.65 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 259.58 252.65 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 316.04 252.65 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 335.29 252.65 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 382.03 252.65 Td (payment ) Tj ET Q q 0 0 0 rg BT 420.45 252.65 Td (of ) Tj ET Q q 0 0 0 rg BT 432.76 252.65 Td (the ) Tj ET Q q 0 0 0 rg BT 448.96 252.65 Td (Notes ) Tj ET Q q 0 0 0 rg BT 476.28 252.65 Td (or ) Tj ET Q q 0 0 0 rg BT 488.59 252.65 Td (the ) Tj ET Q q 0 0 0 rg BT 504.79 252.65 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 240.65 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 153.82 240.65 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 222.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 222.65 Td (The ) Tj ET Q q 0 0 0 rg BT 131.23 222.65 Td (Notes ) Tj ET Q q 0 0 0 rg BT 157.24 222.65 Td (will ) Tj ET Q q 0 0 0 rg BT 175.48 222.65 Td (bear ) Tj ET Q q 0 0 0 rg BT 195.36 222.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 227.48 222.65 Td (from ) Tj ET Q q 0 0 0 rg BT 249.60 222.65 Td (the ) Tj ET Q q 0 0 0 rg BT 264.49 222.65 Td (date ) Tj ET Q q 0 0 0 rg BT 283.83 222.65 Td (of ) Tj ET Q q 0 0 0 rg BT 294.84 222.65 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 333.90 222.65 Td (have ) Tj ET Q q 0 0 0 rg BT 355.46 222.65 Td (a ) Tj ET Q q 0 0 0 rg BT 362.58 222.65 Td (fixed ) Tj ET Q q 0 0 0 rg BT 385.80 222.65 Td (rate, ) Tj ET Q q 0 0 0 rg BT 405.97 222.65 Td (be ) Tj ET Q q 0 0 0 rg BT 418.09 222.65 Td (payable ) Tj ET Q q 0 0 0 rg BT 451.86 222.65 Td (monthly ) Tj ET Q q 0 0 0 rg BT 487.88 222.65 Td (and ) Tj ET Q q 0 0 0 rg BT 505.00 222.65 Td (have ) Tj ET Q q 0 0 0 rg BT 526.55 222.65 Td (an ) Tj ET Q q 0 0 0 rg BT 538.67 222.65 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 210.65 Td (maturity ) Tj ET Q q 0 0 0 rg BT 149.38 210.65 Td (of ) Tj ET Q q 0 0 0 rg BT 160.21 210.65 Td (three ) Tj ET Q q 0 0 0 rg BT 182.70 210.65 Td (or ) Tj ET Q q 0 0 0 rg BT 193.53 210.65 Td (five ) Tj ET Q q 0 0 0 rg BT 211.57 210.65 Td (years ) Tj ET Q q 0 0 0 rg BT 235.17 210.65 Td (from ) Tj ET Q q 0 0 0 rg BT 257.11 210.65 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 295.99 210.65 Td (PFL) Tj ET Q q 0 0 0 rg BT 312.85 210.65 Td ( ) Tj ET Q q 0 0 0 rg BT 315.35 210.65 Td (may ) Tj ET Q q 0 0 0 rg BT 335.07 210.65 Td (add ) Tj ET Q q 0 0 0 rg BT 352.00 210.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 394.49 210.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 416.43 210.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 441.15 210.65 Td (from ) Tj ET Q q 0 0 0 rg BT 463.09 210.65 Td (time ) Tj ET Q q 0 0 0 rg BT 483.36 210.65 Td (to ) Tj ET Q q 0 0 0 rg BT 493.64 210.65 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 192.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 192.65 Td (A) Tj ET Q q 0 0 0 rg BT 119.67 192.65 Td ( ) Tj ET Q q 0 0 0 rg BT 122.62 192.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 145.01 192.65 Td (holder's ) Tj ET Q q 0 0 0 rg BT 179.20 192.65 Td (recourse ) Tj ET Q q 0 0 0 rg BT 216.01 192.65 Td (will ) Tj ET Q q 0 0 0 rg BT 234.52 192.65 Td (be ) Tj ET Q q 0 0 0 rg BT 246.91 192.65 Td (extremely ) Tj ET Q q 0 0 0 rg BT 289.84 192.65 Td (limited ) Tj ET Q q 0 0 0 rg BT 321.12 192.65 Td (in ) Tj ET Q q 0 0 0 rg BT 331.84 192.65 Td (the ) Tj ET Q q 0 0 0 rg BT 347.01 192.65 Td (event ) Tj ET Q q 0 0 0 rg BT 371.61 192.65 Td (that ) Tj ET Q q 0 0 0 rg BT 389.56 192.65 Td (borrower ) Tj ET Q q 0 0 0 rg BT 429.16 192.65 Td (information ) Tj ET Q q 0 0 0 rg BT 479.32 192.65 Td (is ) Tj ET Q q 0 0 0 rg BT 488.94 192.65 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 532.97 192.65 Td (for ) Tj ET Q q 0 0 0 rg BT 547.58 192.65 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 180.65 Td (reason.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 156.65 Td (Important ) Tj ET Q q 0 0 0 rg BT 129.12 156.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 155.03 156.65 Td (of ) Tj ET Q q 0 0 0 rg BT 167.04 156.65 Td (the ) Tj ET Q q 0 0 0 rg BT 182.95 156.65 Td (PMI ) Tj ET Q q 0 0 0 rg BT 204.42 156.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 260.31 156.65 Td (Rights ) Tj ET Q q 0 0 0 rg BT 290.12 156.65 Td (include ) Tj ET Q q 0 0 0 rg BT 323.24 156.65 Td (the ) Tj ET Q q 0 0 0 rg BT 339.14 156.65 Td (following, ) Tj ET Q q 0 0 0 rg BT 384.22 156.65 Td (each ) Tj ET Q q 0 0 0 rg BT 406.22 156.65 Td (of ) Tj ET Q q 0 0 0 rg BT 418.24 156.65 Td (which ) Tj ET Q q 0 0 0 rg BT 446.37 156.65 Td (is ) Tj ET Q q 0 0 0 rg BT 456.72 156.65 Td (described ) Tj ET Q q 0 0 0 rg BT 498.73 156.65 Td (in ) Tj ET Q q 0 0 0 rg BT 510.19 156.65 Td (detail ) Tj ET Q q 0 0 0 rg BT 536.09 156.65 Td (in ) Tj ET Q q 0 0 0 rg BT 547.56 156.65 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.65 Td (prospectus:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 111.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 111.65 Td (The ) Tj ET Q q 0 0 0 rg BT 131.60 111.65 Td (PMI ) Tj ET Q q 0 0 0 rg BT 152.43 111.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 207.68 111.65 Td (Rights ) Tj ET Q q 0 0 0 rg BT 236.84 111.65 Td (will ) Tj ET Q q 0 0 0 rg BT 255.45 111.65 Td (not ) Tj ET Q q 0 0 0 rg BT 271.28 111.65 Td (be ) Tj ET Q q 0 0 0 rg BT 283.76 111.65 Td (separable ) Tj ET Q q 0 0 0 rg BT 324.56 111.65 Td (from ) Tj ET Q q 0 0 0 rg BT 347.05 111.65 Td (the ) Tj ET Q q 0 0 0 rg BT 362.32 111.65 Td (Notes ) Tj ET Q q 0 0 0 rg BT 388.69 111.65 Td (of) Tj ET Q q 0 0 0 rg BT 396.84 111.65 Td (fered ) Tj ET Q q 0 0 0 rg BT 420.43 111.65 Td (on ) Tj ET Q q 0 0 0 rg BT 433.48 111.65 Td (the ) Tj ET Q q 0 0 0 rg BT 448.74 111.65 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 500.65 111.65 Td (and ) Tj ET Q q 0 0 0 rg BT 518.14 111.65 Td (will ) Tj ET Q q 0 0 0 rg BT 536.74 111.65 Td (not ) Tj ET Q q 0 0 0 rg BT 552.57 111.65 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 99.65 Td (assigned ) Tj ET Q q 0 0 0 rg BT 149.94 99.65 Td (a ) Tj ET Q q 0 0 0 rg BT 156.88 99.65 Td (value ) Tj ET Q q 0 0 0 rg BT 181.03 99.65 Td (separate ) Tj ET Q q 0 0 0 rg BT 216.29 99.65 Td (from ) Tj ET Q q 0 0 0 rg BT 238.22 99.65 Td (the ) Tj ET Q q 0 0 0 rg BT 252.94 99.65 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 81.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 81.65 Td (The ) Tj ET Q q 0 0 0 rg BT 132.09 81.65 Td (PMI ) Tj ET Q q 0 0 0 rg BT 153.42 81.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 209.16 81.65 Td (Rights ) Tj ET Q q 0 0 0 rg BT 238.82 81.65 Td (are ) Tj ET Q q 0 0 0 rg BT 254.57 81.65 Td ("investment ) Tj ET Q q 0 0 0 rg BT 306.08 81.65 Td (contracts" ) Tj ET Q q 0 0 0 rg BT 349.79 81.65 Td (issued ) Tj ET Q q 0 0 0 rg BT 378.34 81.65 Td (by ) Tj ET Q q 0 0 0 rg BT 391.88 81.65 Td (PMI ) Tj ET Q q 0 0 0 rg BT 413.21 81.65 Td (directly ) Tj ET Q q 0 0 0 rg BT 447.29 81.65 Td (to ) Tj ET Q q 0 0 0 rg BT 458.61 81.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 481.59 81.65 Td (holders. ) Tj ET Q q 0 0 0 rg BT 516.82 81.65 Td (The ) Tj ET Q q 0 0 0 rg BT 535.91 81.65 Td (phrase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 69.65 Td ("investment ) Tj ET Q q 0 0 0 rg BT 162.87 69.65 Td (contract" ) Tj ET Q q 0 0 0 rg BT 201.06 69.65 Td (is ) Tj ET Q q 0 0 0 rg BT 209.63 69.65 Td (a ) Tj ET Q q 0 0 0 rg BT 215.97 69.65 Td (concept ) Tj ET Q q 0 0 0 rg BT 248.97 69.65 Td (under ) Tj ET Q q 0 0 0 rg BT 273.64 69.65 Td (federal ) Tj ET Q q 0 0 0 rg BT 303.30 69.65 Td (securities ) Tj ET Q q 0 0 0 rg BT 342.97 69.65 Td (law ) Tj ET Q q 0 0 0 rg BT 359.31 69.65 Td (that ) Tj ET Q q 0 0 0 rg BT 376.21 69.65 Td (refers ) Tj ET Q q 0 0 0 rg BT 400.88 69.65 Td (to ) Tj ET Q q 0 0 0 rg BT 410.56 69.65 Td (an ) Tj ET Q q 0 0 0 rg BT 421.90 69.65 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 473.78 69.65 Td (where ) Tj ET Q q 0 0 0 rg BT 500.11 69.65 Td (investors ) Tj ET Q q 0 0 0 rg BT 538.12 69.65 Td (invest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 57.65 Td (money ) Tj ET Q q 0 0 0 rg BT 143.63 57.65 Td (in ) Tj ET Q q 0 0 0 rg BT 154.81 57.65 Td (a ) Tj ET Q q 0 0 0 rg BT 162.66 57.65 Td (common ) Tj ET Q q 0 0 0 rg BT 201.06 57.65 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 243.89 57.65 Td (with ) Tj ET Q q 0 0 0 rg BT 265.08 57.65 Td (the ) Tj ET Q q 0 0 0 rg BT 280.71 57.65 Td (expectation ) Tj ET Q q 0 0 0 rg BT 330.20 57.65 Td (of ) Tj ET Q q 0 0 0 rg BT 341.94 57.65 Td (profits, ) Tj ET Q q 0 0 0 rg BT 373.96 57.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 414.58 57.65 Td (from ) Tj ET Q q 0 0 0 rg BT 437.42 57.65 Td (the ) Tj ET Q q 0 0 0 rg BT 453.05 57.65 Td (ef) Tj ET Q q 0 0 0 rg BT 460.64 57.65 Td (forts ) Tj ET Q q 0 0 0 rg BT 482.38 57.65 Td (of ) Tj ET Q q 0 0 0 rg BT 494.11 57.65 Td (others. ) Tj ET Q q 0 0 0 rg BT 524.46 57.65 Td (Here, ) Tj ET Q q 0 0 0 rg BT 549.80 57.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 45.65 Td ("investment ) Tj ET Q q 0 0 0 rg BT 163.80 45.65 Td (contracts" ) Tj ET Q q 0 0 0 rg BT 206.81 45.65 Td (that ) Tj ET Q q 0 0 0 rg BT 224.64 45.65 Td (PMI ) Tj ET Q q 0 0 0 rg BT 245.26 45.65 Td (is ) Tj ET Q q 0 0 0 rg BT 254.77 45.65 Td (registering ) Tj ET Q q 0 0 0 rg BT 300.37 45.65 Td (as ) Tj ET Q q 0 0 0 rg BT 311.53 45.65 Td (PMI ) Tj ET Q q 0 0 0 rg BT 332.15 45.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 387.19 45.65 Td (Rights ) Tj ET Q q 0 0 0 rg BT 416.14 45.65 Td (arise ) Tj ET Q q 0 0 0 rg BT 437.86 45.65 Td (from ) Tj ET Q q 0 0 0 rg BT 460.13 45.65 Td (the ) Tj ET Q q 0 0 0 rg BT 475.18 45.65 Td (services ) Tj ET Q q 0 0 0 rg BT 510.23 45.65 Td (that ) Tj ET Q q 0 0 0 rg BT 528.06 45.65 Td (PMI ) Tj ET Q q 0 0 0 rg BT 548.68 45.65 Td (has ) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 150.71 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.32 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 185.05 742.10 Td (provide, ) Tj ET Q q 0 0 0 rg BT 220.26 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.76 742.10 Td (described ) Tj ET Q q 0 0 0 rg BT 271.24 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.19 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.09 742.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 357.34 742.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 406.43 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.81 742.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 463.80 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.18 742.10 Td (Investor ) Tj ET Q q 0 0 0 rg BT 513.12 742.10 Td (Registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 730.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 162.42 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.36 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.64 730.10 Td (this ) Tj ET Q q 0 0 0 rg BT 206.59 730.10 Td (prospectus, ) Tj ET Q q 0 0 0 rg BT 254.36 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 281.30 730.10 Td (services ) Tj ET Q q 0 0 0 rg BT 316.00 730.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 350.44 730.10 Td (but ) Tj ET Q q 0 0 0 rg BT 365.71 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 380.42 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 395.70 730.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 426.53 730.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 122.00 697.94 cm /I1 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.72 700.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 194.42 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.36 700.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 251.62 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.45 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.17 700.10 Td (marketplace;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 122.00 682.94 cm /I2 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 685.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 188.59 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.42 685.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 238.57 685.10 Td (information;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 122.00 667.94 cm /I3 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 670.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 184.15 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.09 670.10 Td (validation ) Tj ET Q q 0 0 0 rg BT 243.58 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.41 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.13 670.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 302.18 670.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 327.45 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.38 670.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 377.44 670.10 Td (Rating;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 122.00 652.94 cm /I4 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 655.10 Td (remitting ) Tj ET Q q 0 0 0 rg BT 179.16 655.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 218.31 655.10 Td (payments; ) Tj ET Q q 0 0 0 rg BT 261.91 655.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 122.00 637.94 cm /I5 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 640.10 Td (collecting ) Tj ET Q q 0 0 0 rg BT 181.93 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 194.43 640.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 239.14 640.10 Td (accounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 607.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 607.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 151.90 607.10 Td (who ) Tj ET Q q 0 0 0 rg BT 171.36 607.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 209.13 607.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 229.15 607.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 283.59 607.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 311.95 607.10 Td (will ) Tj ET Q q 0 0 0 rg BT 329.74 607.10 Td (have ) Tj ET Q q 0 0 0 rg BT 350.86 607.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 375.87 607.10 Td (under ) Tj ET Q q 0 0 0 rg BT 400.88 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.34 607.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 445.33 607.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 485.33 607.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 505.90 607.10 Td (as ) Tj ET Q q 0 0 0 rg BT 516.46 607.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.14 607.10 Td (purchaser ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 595.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.99 595.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.10 595.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 173.18 595.10 Td (security) Tj ET Q q 0 0 0 rg BT 204.19 595.10 Td (. ) Tj ET Q q 0 0 0 rg BT 209.35 595.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 248.68 595.10 Td (will ) Tj ET Q q 0 0 0 rg BT 266.90 595.10 Td (have ) Tj ET Q q 0 0 0 rg BT 288.44 595.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 319.43 595.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 366.51 595.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 394.46 595.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 443.76 595.10 Td (through ) Tj ET Q q 0 0 0 rg BT 477.54 595.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.42 595.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 532.84 595.10 Td (trustee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 583.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.98 583.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 155.15 583.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 180.82 583.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 227.44 583.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 274.08 583.10 Td (under ) Tj ET Q q 0 0 0 rg BT 299.04 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.97 583.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 375.24 583.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 424.36 583.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 446.56 583.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 493.17 583.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 518.15 583.10 Td (exist ) Tj ET Q q 0 0 0 rg BT 539.23 583.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 571.10 Td (state ) Tj ET Q q 0 0 0 rg BT 133.83 571.10 Td (law ) Tj ET Q q 0 0 0 rg BT 150.76 571.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.70 571.10 Td (will ) Tj ET Q q 0 0 0 rg BT 185.76 571.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 203.54 571.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.82 571.10 Td (any ) Tj ET Q q 0 0 0 rg BT 230.75 571.10 Td (way) Tj ET Q q 0 0 0 rg BT 246.76 571.10 Td (, ) Tj ET Q q 0 0 0 rg BT 251.76 571.10 Td (af) Tj ET Q q 0 0 0 rg BT 259.35 571.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 276.84 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.55 571.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 316.83 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.66 571.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 366.27 571.10 Td (under ) Tj ET Q q 0 0 0 rg BT 391.54 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.26 571.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 436.51 571.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 476.77 571.10 Td (laws.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 553.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 553.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 138.93 553.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 185.83 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.07 553.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 229.07 553.10 Td (services ) Tj ET Q q 0 0 0 rg BT 263.73 553.10 Td (under ) Tj ET Q q 0 0 0 rg BT 288.96 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.09 553.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 365.55 553.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 412.43 553.10 Td (may ) Tj ET Q q 0 0 0 rg BT 432.11 553.10 Td (be ) Tj ET Q q 0 0 0 rg BT 444.00 553.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 489.22 553.10 Td (by ) Tj ET Q q 0 0 0 rg BT 501.67 553.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 521.91 553.10 Td (or ) Tj ET Q q 0 0 0 rg BT 532.70 553.10 Td (by ) Tj ET Q q 0 0 0 rg BT 545.15 553.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.01 553.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 541.10 Td (under ) Tj ET Q q 0 0 0 rg BT 137.44 541.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 166.31 541.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 224.62 541.10 Td (described ) Tj ET Q q 0 0 0 rg BT 264.61 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.05 541.10 Td (this ) Tj ET Q q 0 0 0 rg BT 290.17 541.10 Td (prospectus. ) Tj ET Q q 0 0 0 rg BT 339.61 541.10 Td (For ) Tj ET Q q 0 0 0 rg BT 355.17 541.10 Td (more ) Tj ET Q q 0 0 0 rg BT 377.39 541.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 428.77 541.10 Td (see ) Tj ET Q q 0 0 0 rg BT 443.21 541.10 Td ("Summary ) Tj ET Q q 0 0 0 rg BT 487.85 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.85 541.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 540.33 541.10 Td (Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.72 529.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 151.94 529.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 172.11 529.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 226.70 529.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 255.20 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.50 529.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 333.91 529.10 Td (Agreement-Administration ) Tj ET Q q 0 0 0 rg BT 444.08 529.10 Td (Agreement-Indenture ) Tj ET Q q 0 0 0 rg BT 532.37 529.10 Td (T) Tj ET Q q 0 0 0 rg BT 538.12 529.10 Td (rustee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 517.10 Td (as ) Tj ET Q q 0 0 0 rg BT 123.69 517.10 Td (Third-Party ) Tj ET Q q 0 0 0 rg BT 172.88 517.10 Td (Beneficiary) Tj ET Q q 0 0 0 rg BT 218.87 517.10 Td (." ) Tj ET Q q 0 0 0 rg BT 227.81 517.10 Td (T) Tj ET Q q 0 0 0 rg BT 233.22 517.10 Td (ermination ) Tj ET Q q 0 0 0 rg BT 279.08 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.95 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.15 517.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 366.68 517.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 413.65 517.10 Td (would ) Tj ET Q q 0 0 0 rg BT 441.19 517.10 Td (not ) Tj ET Q q 0 0 0 rg BT 456.51 517.10 Td (af) Tj ET Q q 0 0 0 rg BT 464.09 517.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 481.62 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.38 517.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 521.70 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.57 517.10 Td (holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.83 505.10 Td (previously-issued ) Tj ET Q q 0 0 0 rg BT 196.88 505.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 217.16 505.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 271.86 505.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 300.48 505.10 Td (under ) Tj ET Q q 0 0 0 rg BT 325.75 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.47 505.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 370.72 505.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 410.98 505.10 Td (laws.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 481.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 481.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.36 481.10 Td (will ) Tj ET Q q 0 0 0 rg BT 123.42 481.10 Td (of) Tj ET Q q 0 0 0 rg BT 131.57 481.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 145.17 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.88 481.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 185.71 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.99 481.10 Td (its ) Tj ET Q q 0 0 0 rg BT 207.94 481.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 246.55 481.10 Td (at ) Tj ET Q q 0 0 0 rg BT 256.26 481.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 282.09 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.92 481.10 Td (their ) Tj ET Q q 0 0 0 rg BT 313.75 481.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 351.79 481.10 Td (amount.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.02 457.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 93.81 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.72 457.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 130.97 457.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 185.64 457.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 214.23 457.10 Td (will ) Tj ET Q q 0 0 0 rg BT 232.25 457.10 Td (be ) Tj ET Q q 0 0 0 rg BT 244.16 457.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 271.63 457.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.88 457.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 323.76 457.10 Td (form ) Tj ET Q q 0 0 0 rg BT 345.67 457.10 Td (only ) Tj ET Q q 0 0 0 rg BT 365.92 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.82 457.10 Td (will ) Tj ET Q q 0 0 0 rg BT 400.85 457.10 Td (not ) Tj ET Q q 0 0 0 rg BT 416.09 457.10 Td (be ) Tj ET Q q 0 0 0 rg BT 428.00 457.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 452.13 457.10 Td (on ) Tj ET Q q 0 0 0 rg BT 464.60 457.10 Td (any ) Tj ET Q q 0 0 0 rg BT 481.51 457.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 521.74 457.10 Td (exchange. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.91 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.93 445.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 113.30 445.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 168.08 445.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 196.78 445.10 Td (may ) Tj ET Q q 0 0 0 rg BT 216.58 445.10 Td (only ) Tj ET Q q 0 0 0 rg BT 236.94 445.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.96 445.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 294.85 445.10 Td (through ) Tj ET Q q 0 0 0 rg BT 328.54 445.10 Td (an ) Tj ET Q q 0 0 0 rg BT 340.56 445.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 380.35 445.10 Td (online ) Tj ET Q q 0 0 0 rg BT 407.93 445.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 438.83 445.10 Td (platform. ) Tj ET Q q 0 0 0 rg BT 478.35 445.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 516.03 445.10 Td (, ) Tj ET Q q 0 0 0 rg BT 521.11 445.10 Td (no ) Tj ET Q q 0 0 0 rg BT 533.69 445.10 Td (trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 87.16 433.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 112.66 433.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.04 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.98 433.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 175.24 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.29 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.23 433.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 227.28 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.44 433.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 264.95 433.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 319.87 433.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 348.71 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.87 433.10 Td (there ) Tj ET Q q 0 0 0 rg BT 388.58 433.10 Td (can ) Tj ET Q q 0 0 0 rg BT 405.18 433.10 Td (be ) Tj ET Q q 0 0 0 rg BT 417.34 433.10 Td (no ) Tj ET Q q 0 0 0 rg BT 430.06 433.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 471.65 433.10 Td (that ) Tj ET Q q 0 0 0 rg BT 489.37 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.53 433.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 527.58 433.10 Td (platform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.08 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.72 421.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 111.68 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.44 421.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 148.19 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.05 421.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 185.26 421.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 239.88 421.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 268.43 421.10 Td (will ) Tj ET Q q 0 0 0 rg BT 286.41 421.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 320.48 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.69 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.33 421.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 373.95 421.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 418.29 421.10 Td (note ) Tj ET Q q 0 0 0 rg BT 437.93 421.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 483.11 421.10 Td (must ) Tj ET Q q 0 0 0 rg BT 504.98 421.10 Td (be ) Tj ET Q q 0 0 0 rg BT 516.84 421.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 554.24 421.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 70.14 409.10 Td (their ) Tj ET Q q 0 0 0 rg BT 90.82 409.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 116.51 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.31 409.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 153.45 409.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 208.01 409.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 236.48 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.62 409.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 279.85 409.10 Td (. ) Tj ET Q q 0 0 0 rg BT 284.71 409.10 Td (See ) Tj ET Q q 0 0 0 rg BT 301.51 409.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 326.65 409.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 384.00 409.10 Td (Inherent ) Tj ET Q q 0 0 0 rg BT 419.68 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.81 409.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 469.39 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.53 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 457.0833984375 m 435.73291015625 457.0833984375 l s q 0 0 1 rg BT 52.00 458.42 Td (SUMMAR) Tj ET Q q 0 0 1 rg BT 95.91 458.42 Td (Y) Tj ET Q q 0 0 1 rg BT 102.76 458.42 Td ( OF INDENTURE, FORM OF NOTES ) Tj ET Q q 0 0 1 rg BT 263.05 458.42 Td (AND ) Tj ET Q q 0 0 1 rg BT 286.66 458.42 Td (ADMINISTRA) Tj ET Q q 0 0 1 rg BT 348.33 458.42 Td (TION ) Tj ET Q q 0 0 1 rg BT 374.16 458.42 Td (AGREEMENT) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 458.32 Td (............................) 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 297.0833984375 m 132.458984375 297.0833984375 l s q 0 0 1 rg BT 52.00 298.42 Td (LEGAL) Tj ET Q q 0 0 1 rg BT 84.40 298.42 Td ( MA) Tj ET Q q 0 0 1 rg BT 101.90 298.42 Td (TTERS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.00 298.32 Td (......................................................................................................................................................) 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Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 553 690.0833984375 m 558 690.0833984375 l s q 0 0 1 rg BT 553.00 691.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 553 675.0833984375 m 558 675.0833984375 l s q 0 0 1 rg BT 553.00 676.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 553 660.0833984375 m 558 660.0833984375 l s q 0 0 1 rg BT 553.00 661.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 645.0833984375 m 558 645.0833984375 l s q 0 0 1 rg BT 548.00 646.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT 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557.97890625 312.0833984375 l s q 0 0 1 rg BT 543.35 313.42 Td (1) Tj ET Q q 0 0 1 rg BT 547.98 313.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.35 297.0833984375 m 557.97890625 297.0833984375 l s q 0 0 1 rg BT 543.35 298.42 Td (1) Tj ET Q q 0 0 1 rg BT 547.98 298.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.35 282.0833984375 m 557.97890625 282.0833984375 l s q 0 0 1 rg BT 543.35 283.42 Td (1) Tj ET Q q 0 0 1 rg BT 547.98 283.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.35 253.08339843750002 m 557.97890625 253.08339843750002 l s q 0 0 1 rg BT 543.35 254.42 Td (1) Tj ET Q q 0 0 1 rg BT 547.98 254.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.85 742.25 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 276.23 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.55 742.25 Td (THIS PROSPECTUS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (This ) Tj ET Q q 0 0 0 rg BT 105.18 712.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 149.35 712.25 Td (describes ) Tj ET Q q 0 0 0 rg BT 187.96 712.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 219.92 712.25 Td (Funding ) Tj ET Q q 0 0 0 rg BT 254.66 712.25 Td (LLC's ) Tj ET Q q 0 0 0 rg BT 280.64 712.25 Td (of) Tj ET Q q 0 0 0 rg BT 288.79 712.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 314.07 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.80 712.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 363.53 712.25 Td (Payment ) Tj ET Q q 0 0 0 rg BT 399.93 712.25 Td (Dependent ) Tj ET Q q 0 0 0 rg BT 444.64 712.25 Td 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rg BT 447.84 700.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 481.35 700.25 Td (Funding ) Tj ET Q q 0 0 0 rg BT 517.65 700.25 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 542.00 700.25 Td (Such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 70.51 688.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 125.43 688.25 Td (Right ) Tj ET Q q 0 0 0 rg BT 150.38 688.25 Td (will ) Tj ET Q q 0 0 0 rg BT 168.66 688.25 Td (not ) Tj ET Q q 0 0 0 rg BT 184.17 688.25 Td (be ) Tj ET Q q 0 0 0 rg BT 196.33 688.25 Td (separable ) Tj ET Q q 0 0 0 rg BT 236.80 688.25 Td (from ) Tj ET Q q 0 0 0 rg BT 258.97 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.91 688.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 296.07 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 306.57 688.25 Td (which ) Tj ET Q q 0 0 0 rg BT 333.73 688.25 Td (it ) Tj ET Q q 0 0 0 rg BT 342.01 688.25 Td (is ) Tj ET Q q 0 0 0 rg BT 351.41 688.25 Td (attached ) Tj ET Q q 0 0 0 rg BT 387.44 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.60 688.25 Td (will ) Tj ET Q q 0 0 0 rg BT 422.88 688.25 Td (not ) Tj ET Q q 0 0 0 rg BT 438.39 688.25 Td (be ) Tj ET Q q 0 0 0 rg BT 450.55 688.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 487.71 688.25 Td (any ) Tj ET Q q 0 0 0 rg BT 504.87 688.25 Td (value ) Tj ET Q q 0 0 0 rg BT 529.25 688.25 Td (separate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.93 676.25 Td (such ) Tj ET Q q 0 0 0 rg BT 92.75 676.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 116.99 676.25 Td (This ) Tj ET Q q 0 0 0 rg BT 137.26 676.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 182.52 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 191.68 676.25 Td (part ) Tj ET Q q 0 0 0 rg BT 209.72 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.53 676.25 Td (a ) Tj ET Q q 0 0 0 rg BT 227.46 676.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 275.49 676.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 316.30 676.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 337.12 676.25 Td (with ) Tj ET Q q 0 0 0 rg BT 357.39 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 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664.25 Td (it ) Tj ET Q q 0 0 0 rg BT 411.18 664.25 Td (forms ) Tj ET Q q 0 0 0 rg BT 436.87 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 443.68 664.25 Td (part, ) Tj ET Q q 0 0 0 rg BT 464.09 664.25 Td (speak ) Tj ET Q q 0 0 0 rg BT 489.23 664.25 Td (only ) Tj ET Q q 0 0 0 rg BT 509.37 664.25 Td (as ) Tj ET Q q 0 0 0 rg BT 520.07 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 530.77 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.35 664.25 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.58 652.25 Td (this ) Tj ET Q q 0 0 0 rg BT 79.28 652.25 Td (prospectus. ) Tj ET Q q 0 0 0 rg BT 127.79 652.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 161.59 652.25 Td (Funding ) Tj ET Q q 0 0 0 rg BT 198.18 652.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 220.32 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.00 652.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 271.80 652.25 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 327.52 652.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 346.04 652.25 Td (will ) Tj ET Q q 0 0 0 rg BT 364.85 652.25 Td (supplement ) Tj ET Q q 0 0 0 rg BT 414.20 652.25 Td (this ) Tj ET Q q 0 0 0 rg BT 431.89 652.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 477.91 652.25 Td (from ) Tj ET Q q 0 0 0 rg BT 500.60 652.25 Td (time ) Tj ET Q q 0 0 0 rg BT 521.62 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 532.65 652.25 Td (time ) Tj ET Q q 0 0 0 rg BT 553.67 652.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (described ) Tj ET Q q 0 0 0 rg BT 90.82 640.25 Td (below) Tj ET Q q 0 0 0 rg BT 114.60 640.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.80 610.25 Td (of) Tj ET Q q 0 0 0 rg BT 111.95 610.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 138.08 610.25 Td (described ) Tj ET Q q 0 0 0 rg BT 178.65 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 188.68 610.25 Td (this ) Tj ET Q q 0 0 0 rg BT 205.38 610.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 250.40 610.25 Td (is ) Tj ET Q q 0 0 0 rg BT 259.33 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 266.02 610.25 Td (continuous ) Tj ET Q q 0 0 0 rg BT 312.16 610.25 Td (of) Tj ET Q q 0 0 0 rg BT 320.31 610.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 346.44 610.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 383.13 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.16 610.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 414.30 610.25 Td (415 ) Tj ET Q q 0 0 0 rg BT 431.56 610.25 Td (under ) Tj ET Q q 0 0 0 rg BT 456.58 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.05 610.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 512.24 610.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 528.93 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.51 610.25 Td (1933, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.36 598.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 100.48 598.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 119.06 598.25 Td ("Securities ) Tj ET Q q 0 0 0 rg BT 164.93 598.25 Td (Act"\). ) Tj ET Q q 0 0 0 rg BT 192.09 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 210.67 598.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 253.13 598.25 Td (are ) Tj ET Q q 0 0 0 rg BT 268.37 598.25 Td (of) Tj ET Q q 0 0 0 rg BT 276.52 598.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 300.08 598.25 Td (continuously ) Tj ET Q q 0 0 0 rg BT 354.78 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.24 598.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 394.71 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.07 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.32 598.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 463.78 598.25 Td (through ) Tj ET Q q 0 0 0 rg BT 497.92 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.16 598.25 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 74.22 586.25 Td (on ) Tj ET Q q 0 0 0 rg BT 86.22 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 92.67 586.25 Td (daily ) Tj ET Q q 0 0 0 rg BT 114.67 586.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 139.04 586.25 Td (When ) Tj ET Q q 0 0 0 rg BT 164.92 586.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 181.78 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.79 586.25 Td (posts ) Tj ET Q q 0 0 0 rg BT 206.36 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 212.81 586.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 232.03 586.25 Td (request ) Tj ET Q q 0 0 0 rg BT 262.92 586.25 Td (on ) Tj ET Q q 0 0 0 rg BT 274.93 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.15 586.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 342.52 586.25 Td (that ) Tj ET Q q 0 0 0 rg BT 359.52 586.25 Td (posting ) Tj ET Q q 0 0 0 rg BT 390.98 586.25 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 435.76 586.25 Td (an ) Tj ET Q q 0 0 0 rg BT 447.21 586.25 Td (of) Tj ET Q q 0 0 0 rg BT 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BT 341.84 574.25 Td (listing" ) Tj ET Q q 0 0 0 rg BT 372.97 574.25 Td (or ) Tj ET Q q 0 0 0 rg BT 383.35 574.25 Td (a ) Tj ET Q q 0 0 0 rg BT 389.83 574.25 Td ("listing" ) Tj ET Q q 0 0 0 rg BT 425.05 574.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 445.98 574.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 466.89 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.72 574.25 Td (a ) Tj ET Q q 0 0 0 rg BT 483.20 574.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 511.35 574.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 530.62 574.25 Td (request. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.14 562.25 Td (may ) Tj ET Q q 0 0 0 rg BT 88.63 562.25 Td (allocate ) Tj ET Q q 0 0 0 rg BT 122.00 562.25 Td (some ) Tj ET Q q 0 0 0 rg BT 145.39 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.99 562.25 Td (its ) Tj ET Q q 0 0 0 rg BT 167.72 562.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 187.21 562.25 Td (requests ) Tj ET Q q 0 0 0 rg BT 222.26 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 232.32 562.25 Td (other ) Tj ET Q q 0 0 0 rg BT 255.14 562.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 289.64 562.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 323.02 562.25 Td (channels, ) Tj ET Q q 0 0 0 rg BT 362.79 562.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 405.34 562.25 Td (for ) Tj ET Q q 0 0 0 rg BT 419.27 562.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 457.92 562.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 481.31 562.25 Td (that ) Tj ET Q q 0 0 0 rg BT 498.58 562.25 Td (it ) Tj ET Q q 0 0 0 rg BT 506.42 562.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 526.47 562.25 Td (privately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.65 550.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 90.73 550.25 Td (investors. ) Tj ET Q q 0 0 0 rg BT 132.21 550.25 Td (If ) Tj ET Q q 0 0 0 rg BT 141.75 550.25 Td (it ) Tj ET Q q 0 0 0 rg BT 150.18 550.25 Td (does ) Tj ET Q q 0 0 0 rg BT 171.39 550.25 Td (so, ) Tj ET Q q 0 0 0 rg BT 185.65 550.25 Td (it ) Tj ET Q q 0 0 0 rg BT 194.08 550.25 Td (will ) Tj ET Q q 0 0 0 rg BT 212.52 550.25 Td (allocate ) Tj ET Q q 0 0 0 rg BT 246.48 550.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 266.57 550.25 Td (requests ) Tj ET Q q 0 0 0 rg BT 302.21 550.25 Td (among ) Tj ET Q q 0 0 0 rg BT 332.31 550.25 Td (its ) Tj ET Q q 0 0 0 rg BT 344.63 550.25 Td (various ) Tj ET Q q 0 0 0 rg BT 376.94 550.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 412.04 550.25 Td (channels ) Tj ET Q q 0 0 0 rg BT 449.90 550.25 Td (automatically) Tj ET Q q 0 0 0 rg BT 503.67 550.25 Td (, ) Tj ET Q q 0 0 0 rg BT 509.04 550.25 Td (based ) Tj ET Q q 0 0 0 rg BT 534.69 550.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 557.56 550.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (random ) Tj ET Q q 0 0 0 rg BT 82.21 538.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 123.31 538.25 Td (methodology ) Tj ET Q q 0 0 0 rg BT 177.75 538.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 224.40 538.25 Td (by ) Tj ET Q q 0 0 0 rg BT 236.06 538.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 252.92 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 254.59 538.25 Td (or ) Tj ET Q q 0 0 0 rg BT 264.59 538.25 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 286.54 538.25 Td (Some ) Tj ET Q q 0 0 0 rg BT 310.98 538.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 329.86 538.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 360.43 538.25 Td (may ) Tj ET Q q 0 0 0 rg BT 379.31 538.25 Td (have ) Tj ET Q q 0 0 0 rg BT 399.85 538.25 Td (been ) Tj ET Q q 0 0 0 rg BT 420.40 538.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 458.15 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.60 538.25 Td (one ) Tj ET Q q 0 0 0 rg BT 483.70 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.70 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.58 538.25 Td (other ) Tj ET Q q 0 0 0 rg BT 529.79 538.25 Td (investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 84.14 526.25 Td (channels ) Tj ET Q q 0 0 0 rg BT 122.15 526.25 Td (first. ) Tj ET Q q 0 0 0 rg BT 143.12 526.25 Td (All ) Tj ET Q q 0 0 0 rg BT 158.93 526.25 Td (such ) Tj ET Q q 0 0 0 rg BT 180.29 526.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 200.54 526.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 232.46 526.25 Td (will ) Tj ET Q q 0 0 0 rg BT 251.05 526.25 Td (be ) Tj ET Q q 0 0 0 rg BT 263.52 526.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 304.87 526.25 Td (for ) Tj ET Q q 0 0 0 rg BT 319.56 526.25 Td (investors. ) Tj ET Q q 0 0 0 rg BT 361.20 526.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 378.06 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 381.09 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.56 526.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 419.37 526.25 Td (prepare ) Tj ET Q q 0 0 0 rg BT 452.37 526.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 483.72 526.25 Td (supplements ) Tj ET Q q 0 0 0 rg BT 536.74 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 547.55 526.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (prospectus, ) Tj ET Q q 0 0 0 rg BT 97.50 514.25 Td (which ) Tj ET Q q 0 0 0 rg BT 124.17 514.25 Td (are ) Tj ET Q q 0 0 0 rg BT 138.61 514.25 Td (called ) Tj ET Q q 0 0 0 rg BT 164.71 514.25 Td ("listing ) Tj ET Q q 0 0 0 rg BT 196.03 514.25 Td (reports." ) Tj ET Q q 0 0 0 rg BT 232.61 514.25 Td (In ) Tj ET Q q 0 0 0 rg BT 243.17 514.25 Td (each ) Tj ET Q q 0 0 0 rg BT 263.72 514.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 290.96 514.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 319.57 514.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 336.43 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 338.66 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.33 514.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 375.34 514.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 408.12 514.25 Td (information ) Tj ET Q q 0 0 0 rg BT 457.56 514.25 Td (about ) Tj ET Q q 0 0 0 rg BT 482.01 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.46 514.25 Td (most ) Tj ET Q q 0 0 0 rg BT 518.14 514.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 544.79 514.25 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 81.51 502.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 110.24 502.25 Td (on ) Tj ET Q q 0 0 0 rg BT 122.86 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.69 502.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 189.17 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.22 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.05 502.25 Td (series ) Tj ET Q q 0 0 0 rg BT 246.44 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.39 502.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 283.33 502.25 Td (that ) Tj ET Q q 0 0 0 rg BT 300.95 502.25 Td (correspond ) Tj ET Q q 0 0 0 rg BT 347.99 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.39 502.25 Td (those ) Tj ET Q q 0 0 0 rg BT 382.11 502.25 Td (listings. ) Tj ET Q q 0 0 0 rg BT 416.13 502.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 432.99 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 435.61 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.66 502.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 473.06 502.25 Td (will ) Tj ET Q q 0 0 0 rg BT 491.24 502.25 Td (also ) Tj ET Q q 0 0 0 rg BT 509.96 502.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 548.67 502.25 Td (file ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 95.06 490.25 Td (supplements ) Tj ET Q q 0 0 0 rg BT 147.35 490.25 Td (that ) Tj ET Q q 0 0 0 rg BT 164.63 490.25 Td (are ) Tj ET Q q 0 0 0 rg BT 179.13 490.25 Td (called ) Tj ET Q q 0 0 0 rg BT 205.30 490.25 Td ("sales ) Tj ET Q q 0 0 0 rg BT 231.11 490.25 Td (reports," ) Tj ET Q q 0 0 0 rg BT 267.75 490.25 Td (describing ) Tj ET Q q 0 0 0 rg BT 311.70 490.25 Td (funding, ) Tj ET Q q 0 0 0 rg BT 347.60 490.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 379.32 490.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 396.60 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.33 490.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 449.50 490.25 Td (date ) Tj ET Q q 0 0 0 rg BT 468.45 490.25 Td (for ) Tj ET Q q 0 0 0 rg BT 482.40 490.25 Td (each ) Tj ET Q q 0 0 0 rg BT 503.01 490.25 Td (series ) Tj ET Q q 0 0 0 rg BT 528.07 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.69 490.25 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 68.91 478.25 Td (through ) Tj ET Q q 0 0 0 rg BT 102.26 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.72 478.25 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 170.16 478.25 Td (These ) Tj ET Q q 0 0 0 rg BT 196.28 478.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 241.29 478.25 Td (supplements ) Tj ET Q q 0 0 0 rg BT 293.53 478.25 Td (will ) Tj ET Q q 0 0 0 rg BT 311.33 478.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 344.12 478.25 Td (information ) Tj ET Q q 0 0 0 rg BT 393.57 478.25 Td (about ) Tj ET Q q 0 0 0 rg BT 418.03 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.49 478.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 458.06 478.25 Td (that ) Tj ET Q q 0 0 0 rg BT 475.30 478.25 Td (will ) Tj ET Q q 0 0 0 rg BT 493.10 478.25 Td (correspond ) Tj ET Q q 0 0 0 rg BT 539.77 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 478.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (information ) Tj ET Q q 0 0 0 rg BT 99.27 466.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 140.21 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.05 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.33 466.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 223.60 466.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 262.31 466.25 Td (listings. ) Tj ET Q q 0 0 0 rg BT 295.62 466.25 Td (These ) Tj ET Q q 0 0 0 rg BT 321.56 466.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 348.62 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.12 466.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 386.62 466.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 416.46 466.25 Td (will ) Tj ET Q q 0 0 0 rg BT 434.07 466.25 Td (also ) Tj ET Q q 0 0 0 rg BT 452.24 466.25 Td (be ) Tj ET Q q 0 0 0 rg BT 463.74 466.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 491.92 466.25 Td (on ) Tj ET Q q 0 0 0 rg BT 503.98 466.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 528.96 466.25 Td (website.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 436.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 436.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.41 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.39 436.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 139.73 436.25 Td (will ) Tj ET Q q 0 0 0 rg BT 156.83 436.25 Td (prepare ) Tj ET Q q 0 0 0 rg BT 188.35 436.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 232.67 436.25 Td (supplements ) Tj ET Q q 0 0 0 rg BT 284.21 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 293.54 436.25 Td (update ) Tj ET Q q 0 0 0 rg BT 321.74 436.25 Td (this ) Tj ET Q q 0 0 0 rg BT 337.74 436.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 382.05 436.25 Td (for ) Tj ET Q q 0 0 0 rg BT 395.26 436.25 Td (other ) Tj ET Q q 0 0 0 rg BT 417.36 436.25 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 456.96 436.25 Td (such ) Tj ET Q q 0 0 0 rg BT 476.83 436.25 Td (as ) Tj ET Q q 0 0 0 rg BT 486.71 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.04 436.25 Td (disclose ) Tj ET Q q 0 0 0 rg BT 529.80 436.25 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.21 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.87 424.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 99.52 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.29 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.94 424.25 Td (of) Tj ET Q q 0 0 0 rg BT 133.09 424.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 159.40 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.17 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.82 424.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 213.09 424.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 246.07 424.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 284.60 424.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 317.59 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.35 424.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 365.77 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.65 424.25 Td (other ) Tj ET Q q 0 0 0 rg BT 405.63 424.25 Td (information ) Tj ET Q q 0 0 0 rg BT 455.28 424.25 Td (included ) Tj ET Q q 0 0 0 rg BT 492.15 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 502.36 424.25 Td (this ) Tj ET Q q 0 0 0 rg BT 519.25 424.25 Td (prospectus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 412.25 Td (disclose ) Tj ET Q q 0 0 0 rg BT 101.51 412.25 Td (other ) Tj ET Q q 0 0 0 rg BT 124.48 412.25 Td (material ) Tj ET Q q 0 0 0 rg BT 159.67 412.25 Td (developments. ) Tj ET Q q 0 0 0 rg BT 219.96 412.25 Td (These ) Tj ET Q q 0 0 0 rg BT 246.27 412.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 291.46 412.25 Td (supplements ) Tj ET Q q 0 0 0 rg BT 343.88 412.25 Td (will ) Tj ET Q q 0 0 0 rg BT 361.87 412.25 Td (be ) Tj ET Q q 0 0 0 rg BT 373.73 412.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 394.48 412.25 Td (with ) Tj ET Q q 0 0 0 rg BT 414.69 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.33 412.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 450.10 412.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 486.96 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 497.17 412.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 518.48 412.25 Td (424\(b\) ) Tj ET Q q 0 0 0 rg BT 547.57 412.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (will ) Tj ET Q q 0 0 0 rg BT 68.35 400.25 Td (be ) Tj ET Q q 0 0 0 rg BT 80.58 400.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 109.48 400.25 Td (on ) Tj ET Q q 0 0 0 rg BT 122.28 400.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 147.99 400.25 Td (website. ) Tj ET Q q 0 0 0 rg BT 183.63 400.25 Td (When ) Tj ET Q q 0 0 0 rg BT 210.30 400.25 Td (required ) Tj ET Q q 0 0 0 rg BT 246.41 400.25 Td (by ) Tj ET Q q 0 0 0 rg BT 259.20 400.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 280.34 400.25 Td (rules, ) Tj ET Q q 0 0 0 rg BT 305.07 400.25 Td (such ) Tj ET Q q 0 0 0 rg BT 326.19 400.25 Td (as ) Tj ET Q q 0 0 0 rg BT 337.31 400.25 Td (when ) Tj ET Q q 0 0 0 rg BT 361.77 400.25 Td (there ) Tj ET Q q 0 0 0 rg BT 384.54 400.25 Td (is ) Tj ET Q q 0 0 0 rg BT 394.01 400.25 Td (a ) Tj ET Q q 0 0 0 rg BT 401.24 400.25 Td ("fundamental ) Tj ET Q q 0 0 0 rg BT 458.09 400.25 Td (change" ) Tj ET Q q 0 0 0 rg BT 493.28 400.25 Td (in ) Tj ET Q q 0 0 0 rg BT 503.86 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.87 400.25 Td (of) Tj ET Q q 0 0 0 rg BT 527.02 400.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 553.69 400.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.71 388.25 Td (information ) Tj ET Q q 0 0 0 rg BT 114.42 388.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 155.79 388.25 Td (in ) Tj ET Q q 0 0 0 rg BT 166.07 388.25 Td (this ) Tj ET Q q 0 0 0 rg BT 183.01 388.25 Td (prospectus, ) Tj ET Q q 0 0 0 rg BT 230.78 388.25 Td (or ) Tj ET Q q 0 0 0 rg BT 241.60 388.25 Td (when ) Tj ET Q q 0 0 0 rg BT 265.76 388.25 Td (an ) Tj ET Q q 0 0 0 rg BT 277.69 388.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 306.85 388.25 Td (update ) Tj ET Q q 0 0 0 rg BT 336.00 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.82 388.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 384.30 388.25 Td (information ) Tj ET Q q 0 0 0 rg BT 434.01 388.25 Td (is ) Tj ET Q q 0 0 0 rg BT 443.18 388.25 Td (required ) Tj ET Q q 0 0 0 rg BT 478.99 388.25 Td (by ) Tj ET Q q 0 0 0 rg BT 491.48 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.20 388.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 547.58 388.25 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.35 376.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 80.72 376.25 Td (rules, ) Tj ET Q q 0 0 0 rg BT 104.68 376.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 121.54 376.25 Td ( ) Tj ET Q q 0 0 0 rg BT 123.56 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 140.02 376.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 159.83 376.25 Td (will ) Tj ET Q q 0 0 0 rg BT 177.41 376.25 Td (file ) Tj ET Q q 0 0 0 rg BT 192.76 376.25 Td (post-ef) Tj ET Q q 0 0 0 rg BT 220.34 376.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 249.57 376.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 302.13 376.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.94 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.17 376.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 373.74 376.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 414.08 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.44 376.25 Td (which ) Tj ET Q q 0 0 0 rg BT 450.90 376.25 Td (this ) Tj ET Q q 0 0 0 rg BT 467.37 376.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 512.16 376.25 Td (forms ) Tj ET Q q 0 0 0 rg BT 537.51 376.25 Td (a ) Tj ET Q q 0 0 0 rg BT 543.97 376.25 Td (part, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.40 364.25 Td (will ) Tj ET Q q 0 0 0 rg BT 93.91 364.25 Td (include ) Tj ET Q q 0 0 0 rg BT 125.31 364.25 Td (either ) Tj ET Q q 0 0 0 rg BT 150.03 364.25 Td (a ) Tj ET Q q 0 0 0 rg BT 156.43 364.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 201.16 364.25 Td (supplement ) Tj ET Q q 0 0 0 rg BT 249.22 364.25 Td (or ) Tj ET Q q 0 0 0 rg BT 259.51 364.25 Td (an ) Tj ET Q q 0 0 0 rg BT 270.91 364.25 Td (entirely ) Tj ET Q q 0 0 0 rg BT 303.41 364.25 Td (new ) Tj ET Q q 0 0 0 rg BT 322.03 364.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 366.76 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 376.49 364.25 Td (replace ) Tj ET Q q 0 0 0 rg BT 407.32 364.25 Td (this ) Tj ET Q q 0 0 0 rg BT 423.72 364.25 Td (prospectus. ) Tj ET Q q 0 0 0 rg BT 470.95 364.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 487.81 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 489.77 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.17 364.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 525.91 364.25 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 91.54 352.25 Td (that ) Tj ET Q q 0 0 0 rg BT 109.20 352.25 Td (post- ) Tj ET Q q 0 0 0 rg BT 131.87 352.25 Td (ef) Tj ET Q q 0 0 0 rg BT 139.46 352.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 169.33 352.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 222.54 352.25 Td (will ) Tj ET Q q 0 0 0 rg BT 240.76 352.25 Td (be ) Tj ET Q q 0 0 0 rg BT 252.87 352.25 Td (required, ) Tj ET Q q 0 0 0 rg BT 291.35 352.25 Td (among ) Tj ET Q q 0 0 0 rg BT 321.24 352.25 Td (other ) Tj ET Q q 0 0 0 rg BT 344.45 352.25 Td (times, ) Tj ET Q q 0 0 0 rg BT 371.29 352.25 Td (when ) Tj ET Q q 0 0 0 rg BT 395.62 352.25 Td (there ) Tj ET Q q 0 0 0 rg BT 418.27 352.25 Td (are ) Tj ET Q q 0 0 0 rg BT 433.14 352.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 468.02 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.47 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.35 352.25 Td (material ) Tj ET Q q 0 0 0 rg BT 528.78 352.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 553.66 352.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 340.25 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.52 310.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 146.93 310.25 Td (are ) Tj ET Q q 0 0 0 rg BT 162.11 310.25 Td (not ) Tj ET Q q 0 0 0 rg BT 177.86 310.25 Td (available ) Tj ET Q q 0 0 0 rg BT 216.92 310.25 Td (for ) Tj ET Q q 0 0 0 rg BT 231.56 310.25 Td (of) Tj ET Q q 0 0 0 rg BT 239.71 310.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 253.78 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.19 310.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 289.71 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.46 310.25 Td (residents ) Tj ET Q q 0 0 0 rg BT 338.98 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.29 310.25 Td (every ) Tj ET Q q 0 0 0 rg BT 375.47 310.25 Td (state. ) Tj ET Q q 0 0 0 rg BT 399.27 310.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 425.17 310.25 Td (website ) Tj ET Q q 0 0 0 rg BT 458.69 310.25 Td (indicates ) Tj ET Q q 0 0 0 rg BT 497.20 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.39 310.25 Td (states ) Tj ET Q q 0 0 0 rg BT 537.58 310.25 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (residents ) Tj ET Q q 0 0 0 rg BT 87.92 298.25 Td (may ) Tj ET Q q 0 0 0 rg BT 107.51 298.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 145.43 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.02 298.25 Td (Securities. ) Tj ET Q q 0 0 0 rg BT 204.33 298.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 221.19 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 223.56 298.25 Td (posts ) Tj ET Q q 0 0 0 rg BT 246.50 298.25 Td (on ) Tj ET Q q 0 0 0 rg BT 258.88 298.25 Td (its ) Tj ET Q q 0 0 0 rg BT 270.70 298.25 Td (website ) Tj ET Q q 0 0 0 rg BT 303.62 298.25 Td (any ) Tj ET Q q 0 0 0 rg BT 320.44 298.25 Td (special ) Tj ET Q q 0 0 0 rg BT 350.58 298.25 Td (suitability ) Tj ET Q q 0 0 0 rg BT 392.95 298.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 433.10 298.25 Td (or ) Tj ET Q q 0 0 0 rg BT 443.80 298.25 Td (other ) Tj ET Q q 0 0 0 rg BT 466.72 298.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 510.76 298.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 554.23 298.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 91.93 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.76 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.48 286.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 159.41 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.69 286.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 199.39 286.25 Td (states ) Tj ET Q q 0 0 0 rg BT 224.11 286.25 Td (that ) Tj ET Q q 0 0 0 rg BT 241.60 286.25 Td (are ) Tj ET Q q 0 0 0 rg BT 256.31 286.25 Td (not ) Tj ET Q q 0 0 0 rg BT 271.59 286.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 312.96 286.25 Td (set ) Tj ET Q q 0 0 0 rg BT 326.57 286.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 348.51 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 358.79 286.25 Td (this ) Tj ET Q q 0 0 0 rg BT 375.74 286.25 Td (prospectus.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.15 259.25 Td (WHERE ) Tj ET Q q 0 0 0 rg BT 234.62 259.25 Td (YOU CAN FIND MORE INFORMA) Tj ET Q q 0 0 0 rg BT 392.20 259.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 229.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 229.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.14 229.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.85 229.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 141.91 229.25 Td (have ) Tj ET Q q 0 0 0 rg BT 163.06 229.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 183.66 229.25 Td (a ) Tj ET Q q 0 0 0 rg BT 190.38 229.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 238.19 229.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 278.79 229.25 Td (on ) Tj ET Q q 0 0 0 rg BT 291.06 229.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 315.01 229.25 Td (S-1 ) Tj ET Q q 0 0 0 rg BT 331.18 229.25 Td (with ) Tj ET Q q 0 0 0 rg BT 351.23 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.72 229.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 386.34 229.25 Td (in ) Tj ET Q q 0 0 0 rg BT 396.39 229.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 442.54 229.25 Td (with ) Tj ET Q q 0 0 0 rg BT 462.59 229.25 Td (this ) Tj ET Q q 0 0 0 rg BT 479.32 229.25 Td (of) Tj ET Q q 0 0 0 rg BT 487.46 229.25 Td (fering. ) Tj ET Q q 0 0 0 rg BT 516.12 229.25 Td (In ) Tj ET Q q 0 0 0 rg BT 526.72 229.25 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 217.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.85 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 87.29 217.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 108.06 217.25 Td (are ) Tj ET Q q 0 0 0 rg BT 123.26 217.25 Td (required ) Tj ET Q q 0 0 0 rg BT 159.57 217.25 Td (to ) Tj ET Q q 0 0 0 rg BT 170.34 217.25 Td (file ) Tj ET Q q 0 0 0 rg BT 186.66 217.25 Td (annual, ) Tj ET Q q 0 0 0 rg BT 218.81 217.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 257.90 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.33 217.25 Td (current ) Tj ET Q q 0 0 0 rg BT 306.64 217.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 337.40 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.83 217.25 Td (other ) Tj ET Q q 0 0 0 rg BT 378.37 217.25 Td (information ) Tj ET Q q 0 0 0 rg BT 428.57 217.25 Td (with ) Tj ET Q q 0 0 0 rg BT 449.35 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.56 217.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 487.94 217.25 Td (Y) Tj ET Q q 0 0 0 rg BT 494.17 217.25 Td (ou ) Tj ET Q q 0 0 0 rg BT 507.16 217.25 Td (may ) Tj ET Q q 0 0 0 rg BT 527.37 217.25 Td (read ) Tj ET Q q 0 0 0 rg BT 547.57 217.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (copy ) Tj ET Q q 0 0 0 rg BT 71.33 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.43 205.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 132.86 205.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 173.07 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.39 205.25 Td (any ) Tj ET Q q 0 0 0 rg BT 205.72 205.25 Td (other ) Tj ET Q q 0 0 0 rg BT 228.15 205.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 273.36 205.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 290.22 205.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.11 205.25 Td (or ) Tj ET Q q 0 0 0 rg BT 302.33 205.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 322.00 205.25 Td (has ) Tj ET Q q 0 0 0 rg BT 337.22 205.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 357.43 205.25 Td (at ) Tj ET Q q 0 0 0 rg BT 366.53 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.64 205.25 Td (SEC's ) Tj ET Q q 0 0 0 rg BT 406.56 205.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 434.00 205.25 Td (Reference ) Tj ET Q q 0 0 0 rg BT 476.41 205.25 Td (Room ) Tj ET Q q 0 0 0 rg BT 502.75 205.25 Td (at ) Tj ET Q q 0 0 0 rg BT 511.85 205.25 Td (100 ) Tj ET Q q 0 0 0 rg BT 528.74 205.25 Td (F ) Tj ET Q q 0 0 0 rg BT 536.19 205.25 Td (Street, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (N.E., ) Tj ET Q q 0 0 0 rg BT 72.36 193.25 Td (Room ) Tj ET Q q 0 0 0 rg BT 98.33 193.25 Td (1580, ) Tj ET Q q 0 0 0 rg BT 122.25 193.25 Td (W) Tj ET Q q 0 0 0 rg BT 130.88 193.25 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 173.80 193.25 Td (D.C. ) Tj ET Q q 0 0 0 rg BT 194.21 193.25 Td (20549. ) Tj ET Q q 0 0 0 rg BT 223.24 193.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 250.31 193.25 Td (call ) Tj ET Q q 0 0 0 rg BT 266.27 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.01 193.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 299.88 193.25 Td (at ) Tj ET Q q 0 0 0 rg BT 308.62 193.25 Td (1-800-SEC-0330 ) Tj ET Q q 0 0 0 rg BT 378.48 193.25 Td (for ) Tj ET Q q 0 0 0 rg BT 391.66 193.25 Td (further ) Tj ET Q q 0 0 0 rg BT 420.40 193.25 Td (information ) Tj ET Q q 0 0 0 rg BT 469.14 193.25 Td (on ) Tj ET Q q 0 0 0 rg BT 480.66 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.40 193.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 521.49 193.25 Td (Reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (Room. ) Tj ET Q q 0 0 0 rg BT 79.45 181.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 96.31 181.25 Td ( ) Tj ET Q q 0 0 0 rg BT 98.81 181.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.75 181.25 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 141.72 181.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 162.56 181.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 190.62 181.25 Td (are ) Tj ET Q q 0 0 0 rg BT 205.33 181.25 Td (also ) Tj ET Q q 0 0 0 rg BT 223.94 181.25 Td (available ) Tj ET Q q 0 0 0 rg BT 262.52 181.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.80 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.52 181.25 Td (public ) Tj ET Q q 0 0 0 rg BT 315.01 181.25 Td (at ) Tj ET Q q 0 0 0 rg BT 324.73 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.45 181.25 Td (SEC's ) Tj ET Q q 0 0 0 rg BT 365.98 181.25 Td (Internet ) Tj ET Q q 0 0 0 rg BT 399.58 181.25 Td (site ) Tj ET Q q 0 0 0 rg BT 415.96 181.25 Td (at ) Tj ET Q q 0 0 0 rg BT 425.68 181.25 Td (http://www) Tj ET Q q 0 0 0 rg BT 470.59 181.25 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 502.71 181.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 151.25 Td (This ) Tj ET Q q 0 0 0 rg BT 105.68 151.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 150.35 151.25 Td (is ) Tj ET Q q 0 0 0 rg BT 158.92 151.25 Td (part ) Tj ET Q q 0 0 0 rg BT 176.37 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.60 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.72 151.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 248.17 151.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 288.39 151.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.73 151.25 Td (does ) Tj ET Q q 0 0 0 rg BT 324.96 151.25 Td (not ) Tj ET Q q 0 0 0 rg BT 339.64 151.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 370.98 151.25 Td (all ) Tj ET Q q 0 0 0 rg BT 382.87 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.10 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.22 151.25 Td (information ) Tj ET Q q 0 0 0 rg BT 456.34 151.25 Td (included ) Tj ET Q q 0 0 0 rg BT 492.67 151.25 Td (in ) Tj ET Q q 0 0 0 rg BT 502.35 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.47 151.25 Td (registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.96 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.04 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.90 139.25 Td (exhibits, ) Tj ET Q q 0 0 0 rg BT 159.71 139.25 Td (schedules ) Tj ET Q q 0 0 0 rg BT 201.23 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.31 139.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 271.50 139.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.92 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.78 139.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 344.97 139.25 Td (statement. ) Tj ET Q q 0 0 0 rg BT 388.43 139.25 Td (Some ) Tj ET Q q 0 0 0 rg BT 413.85 139.25 Td (items ) Tj ET Q q 0 0 0 rg BT 438.16 139.25 Td (are ) Tj ET Q q 0 0 0 rg BT 453.01 139.25 Td (omitted ) Tj ET Q q 0 0 0 rg BT 486.20 139.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.63 139.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 544.23 139.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.45 127.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 88.13 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.80 127.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 153.47 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.04 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.49 127.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 204.57 127.25 Td (For ) Tj ET Q q 0 0 0 rg BT 221.70 127.25 Td (further ) Tj ET Q q 0 0 0 rg BT 252.14 127.25 Td (information ) Tj ET Q q 0 0 0 rg BT 302.59 127.25 Td (with ) Tj ET Q q 0 0 0 rg BT 323.60 127.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 355.15 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 366.17 127.25 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 389.14 127.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 410.16 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.83 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.28 127.25 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 488.45 127.25 Td (please ) Tj ET Q q 0 0 0 rg BT 516.68 127.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 538.78 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 127.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 98.64 115.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 140.06 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.60 115.25 Td (to ) Tj ET Q q 0 0 0 rg BT 168.47 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.79 115.25 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 218.55 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.09 115.25 Td (schedules ) Tj ET Q q 0 0 0 rg BT 278.06 115.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.94 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.25 115.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 352.89 115.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 394.31 115.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 415.73 115.25 Td (as ) Tj ET Q q 0 0 0 rg BT 427.16 115.25 Td (part ) Tj ET Q q 0 0 0 rg BT 445.81 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.24 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.55 115.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 521.19 115.25 Td (statement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (Whenever ) Tj ET Q q 0 0 0 rg BT 93.68 103.25 Td (a ) Tj ET Q q 0 0 0 rg BT 100.72 103.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 140.50 103.25 Td (is ) Tj ET Q q 0 0 0 rg BT 149.77 103.25 Td (made ) Tj ET Q q 0 0 0 rg BT 174.02 103.25 Td (in ) Tj ET Q q 0 0 0 rg BT 184.39 103.25 Td (this ) Tj ET Q q 0 0 0 rg BT 201.44 103.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 246.81 103.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.18 103.25 Td (any ) Tj ET Q q 0 0 0 rg BT 274.22 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.15 103.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 302.01 103.25 Td ( ) Tj ET Q q 0 0 0 rg BT 304.60 103.25 Td (or ) Tj ET Q q 0 0 0 rg BT 315.53 103.25 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 341.61 103.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 380.30 103.25 Td (or ) Tj ET Q q 0 0 0 rg BT 391.23 103.25 Td (other ) Tj ET Q q 0 0 0 rg BT 414.37 103.25 Td (documents, ) Tj ET Q q 0 0 0 rg BT 462.79 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.61 103.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 517.39 103.25 Td (may ) Tj ET Q q 0 0 0 rg BT 537.20 103.25 Td (not ) Tj ET Q q 0 0 0 rg BT 552.58 103.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 88.98 91.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 108.25 91.25 Td (for ) Tj ET Q q 0 0 0 rg BT 122.24 91.25 Td (a ) Tj ET Q q 0 0 0 rg BT 129.00 91.25 Td (copy ) Tj ET Q q 0 0 0 rg BT 150.77 91.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.43 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.98 91.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 210.51 91.25 Td (or ) Tj ET Q q 0 0 0 rg BT 221.17 91.25 Td (document, ) Tj ET Q q 0 0 0 rg BT 265.43 91.25 Td (you ) Tj ET Q q 0 0 0 rg BT 282.76 91.25 Td (should ) Tj ET Q q 0 0 0 rg BT 311.76 91.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 332.95 91.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.06 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.61 91.25 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 391.60 91.25 Td (that ) Tj ET Q q 0 0 0 rg BT 408.93 91.25 Td (are ) Tj ET Q q 0 0 0 rg BT 423.46 91.25 Td (a ) Tj ET Q q 0 0 0 rg BT 430.23 91.25 Td (part ) Tj ET Q q 0 0 0 rg BT 448.11 91.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.76 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.31 91.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 521.18 91.25 Td (statement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 61.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 61.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.99 61.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.55 61.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 141.46 61.25 Td ("incorporate" ) Tj ET Q q 0 0 0 rg BT 197.28 61.25 Td (into ) Tj ET Q q 0 0 0 rg BT 214.97 61.25 Td (this ) Tj ET Q q 0 0 0 rg BT 231.54 61.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 276.44 61.25 Td (information ) Tj ET Q q 0 0 0 rg BT 325.78 61.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 346.23 61.25 Td (with ) Tj ET Q q 0 0 0 rg BT 366.13 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.48 61.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 400.94 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.85 61.25 Td (their ) Tj ET Q q 0 0 0 rg BT 430.83 61.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 462.39 61.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 491.74 61.25 Td (on ) Tj ET Q q 0 0 0 rg BT 503.86 61.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 527.66 61.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 550.34 61.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.96 49.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 89.36 49.25 Td (year ) Tj ET Q q 0 0 0 rg BT 109.30 49.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 135.92 49.25 Td (December ) Tj ET Q q 0 0 0 rg BT 179.75 49.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 194.99 49.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 217.73 49.25 Td (\("Annual ) Tj ET Q q 0 0 0 rg BT 257.32 49.25 Td (Report"\) ) Tj ET Q q 0 0 0 rg BT 294.69 49.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 315.76 49.25 Td (on ) Tj ET Q q 0 0 0 rg BT 328.50 49.25 Td (March ) Tj ET Q q 0 0 0 rg BT 357.34 49.25 Td (20, ) Tj ET Q q 0 0 0 rg BT 372.59 49.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 397.83 49.25 Td (their ) Tj ET Q q 0 0 0 rg BT 418.89 49.25 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 459.95 49.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 489.91 49.25 Td (on ) Tj ET Q q 0 0 0 rg BT 502.65 49.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 527.06 49.25 Td (10-Q ) Tj ET 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(information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (Y) Tj ET Q q 0 0 0 rg BT 92.22 664.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 103.93 664.10 Td (may ) Tj ET Q q 0 0 0 rg BT 122.85 664.10 Td (request ) Tj ET Q q 0 0 0 rg BT 153.43 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.58 664.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 180.72 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.76 664.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 207.62 664.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.33 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.47 664.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 250.28 664.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 281.42 664.10 Td (Report, ) Tj ET Q q 0 0 0 rg BT 312.85 664.10 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 352.87 664.10 Td (Reports, ) Tj ET Q q 0 0 0 rg BT 388.18 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.33 664.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 436.58 664.10 Td (Reports, ) Tj ET Q q 0 0 0 rg BT 471.90 664.10 Td (which ) Tj ET Q q 0 0 0 rg BT 498.04 664.10 Td (will ) Tj ET Q q 0 0 0 rg BT 515.31 664.10 Td (be ) Tj ET Q q 0 0 0 rg BT 526.45 664.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.38 652.10 Td (you ) Tj ET Q q 0 0 0 rg BT 77.98 652.10 Td (at ) Tj ET Q q 0 0 0 rg BT 87.80 652.10 Td (no ) Tj ET Q q 0 0 0 rg BT 100.41 652.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 121.62 652.10 Td (by ) Tj ET Q q 0 0 0 rg BT 134.22 652.10 Td (writing, ) Tj ET Q q 0 0 0 rg BT 168.21 652.10 Td (telephoning ) Tj ET Q q 0 0 0 rg BT 218.02 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 228.96 652.10 Td (emailing ) Tj ET Q q 0 0 0 rg BT 266.55 652.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 283.41 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 286.01 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 296.94 652.10 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 319.83 652.10 Td (Requests ) Tj ET Q q 0 0 0 rg BT 358.54 652.10 Td (should ) Tj ET Q q 0 0 0 rg BT 387.81 652.10 Td (be ) Tj ET Q q 0 0 0 rg BT 399.85 652.10 Td (directed ) Tj ET Q q 0 0 0 rg BT 434.66 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.04 652.10 Td (Customer ) Tj ET Q q 0 0 0 rg BT 486.53 652.10 Td (Support, ) Tj ET Q q 0 0 0 rg BT 523.30 652.10 Td (221 ) Tj ET Q q 0 0 0 rg BT 540.90 652.10 Td (Main ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Street, ) Tj ET Q q 0 0 0 rg BT 78.33 640.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 83.33 644.63 Td (rd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.74 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.25 640.10 Td (Floor) Tj ET Q q 0 0 0 rg BT 112.52 640.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.52 640.10 Td (San ) Tj ET Q q 0 0 0 rg BT 135.03 640.10 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 178.91 640.10 Td (CA) Tj ET Q q 0 0 0 rg BT 192.25 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.75 640.10 Td (94105; ) Tj ET Q q 0 0 0 rg BT 225.04 640.10 Td (telephone ) Tj ET Q q 0 0 0 rg BT 266.41 640.10 Td (number ) Tj ET Q q 0 0 0 rg BT 299.47 640.10 Td (\(415\) ) Tj ET Q q 0 0 0 rg BT 323.63 640.10 Td (593-5400; ) Tj ET Q q 0 0 0 rg BT 367.24 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.08 640.10 Td (emailed ) Tj ET Q q 0 0 0 rg BT 412.23 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.52 640.10 Td (support@prosper) Tj ET Q q 0 0 0 rg BT 491.17 640.10 Td (.com. ) Tj ET Q q 0 0 0 rg BT 515.89 640.10 Td (In ) Tj ET Q q 0 0 0 rg BT 526.72 640.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.36 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 86.30 628.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 111.72 628.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 143.66 628.10 Td (Reports, ) Tj ET Q q 0 0 0 rg BT 179.77 628.10 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 220.59 628.10 Td (Reports ) Tj ET Q q 0 0 0 rg BT 254.19 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.13 628.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 304.18 628.10 Td (Reports ) Tj ET Q q 0 0 0 rg BT 337.79 628.10 Td (are ) Tj ET Q q 0 0 0 rg BT 352.50 628.10 Td (available ) Tj ET Q q 0 0 0 rg BT 391.08 628.10 Td (at ) Tj ET Q q 0 0 0 rg BT 400.80 628.10 Td (www) Tj ET Q q 0 0 0 rg BT 421.82 628.10 Td (.prosper) Tj ET Q q 0 0 0 rg BT 453.75 628.10 Td (.com.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.35 601.10 Td (PROSPECTUS SUMMAR) Tj ET Q q 0 0 0 rg BT 359.73 601.10 Td (Y) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (This ) Tj ET Q q 0 0 0 rg BT 70.22 571.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 109.88 571.10 Td (highlights ) Tj ET Q q 0 0 0 rg BT 152.88 571.10 Td (information ) Tj ET Q q 0 0 0 rg BT 203.10 571.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 245.52 571.10 Td (elsewher) Tj ET Q q 0 0 0 rg BT 280.70 571.10 Td (e ) Tj ET Q q 0 0 0 rg BT 288.13 571.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.90 571.10 Td (this ) Tj ET Q q 0 0 0 rg BT 316.34 571.10 Td (pr) Tj ET Q q 0 0 0 rg BT 324.86 571.10 Td (ospectus. ) Tj ET Q q 0 0 0 rg BT 364.79 571.10 Td (Y) Tj ET Q q 0 0 0 rg BT 369.43 571.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 382.43 571.10 Td (should ) Tj ET Q q 0 0 0 rg BT 412.09 571.10 Td (r) Tj ET Q q 0 0 0 rg BT 415.61 571.10 Td (ead ) Tj ET Q q 0 0 0 rg BT 433.04 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.25 571.10 Td (following ) Tj ET Q q 0 0 0 rg BT 489.02 571.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 528.68 571.10 Td (together ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.32 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.62 559.10 Td (mor) Tj ET Q q 0 0 0 rg BT 99.37 559.10 Td (e ) Tj ET Q q 0 0 0 rg BT 105.89 559.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 140.20 559.10 Td (information ) Tj ET Q q 0 0 0 rg BT 189.51 559.10 Td (appearing ) Tj ET Q q 0 0 0 rg BT 232.71 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.58 559.10 Td (this ) Tj ET Q q 0 0 0 rg BT 259.12 559.10 Td (pr) Tj ET Q q 0 0 0 rg BT 267.64 559.10 Td (ospectus, ) Tj ET Q q 0 0 0 rg BT 306.67 559.10 Td (including ) Tj ET Q q 0 0 0 rg BT 346.53 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.83 559.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.48 559.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 442.78 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.87 559.10 Td (r) Tj ET Q q 0 0 0 rg BT 463.39 559.10 Td (elated ) Tj ET Q q 0 0 0 rg BT 489.92 559.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 515.62 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.71 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 547.01 559.10 Td (risk ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 82.78 547.10 Td (befor) Tj ET Q q 0 0 0 rg BT 103.52 547.10 Td (e ) Tj ET Q q 0 0 0 rg BT 110.45 547.10 Td (deciding ) Tj ET Q q 0 0 0 rg BT 147.39 547.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 182.10 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.38 547.10 Td (pur) Tj ET Q q 0 0 0 rg BT 205.90 547.10 Td (chase ) Tj ET Q q 0 0 0 rg BT 231.17 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.89 547.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 517.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.13 517.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 140.72 517.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.44 517.10 Td (peer) Tj ET Q q 0 0 0 rg BT 164.44 517.10 Td (-to-peer ) Tj ET Q q 0 0 0 rg BT 198.36 517.10 Td (online ) Tj ET Q q 0 0 0 rg BT 225.63 517.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 250.67 517.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 304.30 517.10 Td (which ) Tj ET Q q 0 0 0 rg BT 331.02 517.10 Td (this ) Tj ET Q q 0 0 0 rg BT 347.74 517.10 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 392.78 517.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 417.82 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.87 517.10 Td (as ) Tj ET Q q 0 0 0 rg BT 438.47 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.96 517.10 Td ("marketplace," ) Tj ET Q q 0 0 0 rg BT 514.76 517.10 Td (that ) Tj ET Q q 0 0 0 rg BT 532.03 517.10 Td (enables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 75.70 505.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 119.02 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.58 505.10 Td (borrow ) Tj ET Q q 0 0 0 rg BT 161.24 505.10 Td (money ) Tj ET Q q 0 0 0 rg BT 191.23 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.45 505.10 Td (its ) Tj ET Q q 0 0 0 rg BT 220.67 505.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 259.56 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.11 505.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 308.43 505.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 349.53 505.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 387.30 505.10 Td (Dependent ) Tj ET Q q 0 0 0 rg BT 433.39 505.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 462.00 505.10 Td (or ) Tj ET Q q 0 0 0 rg BT 473.11 505.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 501.71 505.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 529.49 505.10 Td (by ) Tj ET Q q 0 0 0 rg BT 542.27 505.10 Td (PFL, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.30 493.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 101.92 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.34 493.10 Td (which ) Tj ET Q q 0 0 0 rg BT 138.86 493.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 175.92 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.22 493.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 223.42 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.83 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.13 493.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 288.54 493.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 315.06 493.10 Td (made ) Tj ET Q q 0 0 0 rg BT 338.80 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.67 493.10 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 393.64 493.10 Td (The ) Tj ET Q q 0 0 0 rg BT 411.27 493.10 Td (peer) Tj ET Q q 0 0 0 rg BT 428.28 493.10 Td (-to-peer ) Tj ET Q q 0 0 0 rg BT 462.01 493.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 494.09 493.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 528.96 493.10 Td (is ) Tj ET Q q 0 0 0 rg BT 537.71 493.10 Td (a ) Tj ET Q q 0 0 0 rg BT 544.23 493.10 Td (very ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (innovative ) Tj ET Q q 0 0 0 rg BT 94.81 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.85 481.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 141.67 481.10 Td (industry) Tj ET Q q 0 0 0 rg BT 173.80 481.10 Td (, ) Tj ET Q q 0 0 0 rg BT 178.90 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.94 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.75 481.10 Td (application ) Tj ET Q q 0 0 0 rg BT 257.78 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.71 481.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 299.06 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.10 481.10 Td (state ) Tj ET Q q 0 0 0 rg BT 337.03 481.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 357.96 481.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.34 481.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 391.47 481.10 Td (such ) Tj ET Q q 0 0 0 rg BT 412.40 481.10 Td (as ) Tj ET Q q 0 0 0 rg BT 423.33 481.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 463.70 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.74 481.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 522.21 481.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 554.24 481.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 75.42 469.10 Td (business ) Tj ET Q q 0 0 0 rg BT 111.82 469.10 Td (is ) Tj ET Q q 0 0 0 rg BT 120.99 469.10 Td (still ) Tj ET Q q 0 0 0 rg BT 138.49 469.10 Td (evolving. ) Tj ET Q q 0 0 0 rg BT 178.49 469.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 195.35 469.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.85 469.10 Td (is ) Tj ET Q q 0 0 0 rg BT 207.02 469.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.96 469.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 274.22 469.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 317.83 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.66 469.10 Td (PMI.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.93 439.10 Td (Developments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 409.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.68 409.10 Td (February ) Tj ET Q q 0 0 0 rg BT 139.24 409.10 Td (27, ) Tj ET Q q 0 0 0 rg BT 154.20 409.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 179.16 409.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 199.40 409.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 237.96 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.86 409.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 288.41 409.10 Td (its ) Tj ET Q q 0 0 0 rg BT 300.32 409.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 344.97 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.76 409.10 Td (Incorporation. ) Tj ET Q q 0 0 0 rg BT 417.11 409.10 Td (As ) Tj ET Q q 0 0 0 rg BT 430.68 409.10 Td (a ) Tj ET Q q 0 0 0 rg BT 437.58 409.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 464.75 409.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 490.69 409.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 535.35 409.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (was ) Tj ET Q q 0 0 0 rg BT 68.30 397.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 108.80 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.33 397.10 Td (957,51) Tj ET Q q 0 0 0 rg BT 146.46 397.10 Td (1,351, ) Tj ET Q q 0 0 0 rg BT 174.21 397.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 217.51 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.59 397.10 Td (550,000,000 ) Tj ET Q q 0 0 0 rg BT 281.34 397.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 309.07 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.15 397.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 360.13 397.10 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 388.15 397.10 Td ($0.01 ) Tj ET Q q 0 0 0 rg BT 413.40 397.10 Td (par ) Tj ET Q q 0 0 0 rg BT 428.92 397.10 Td (value ) Tj ET Q q 0 0 0 rg BT 453.32 397.10 Td (per ) Tj ET Q q 0 0 0 rg BT 468.84 397.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 495.18 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.37 397.10 Td (407,51) Tj ET Q q 0 0 0 rg BT 539.50 397.10 Td (1,351 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 89.70 385.10 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 117.48 385.10 Td ($0.01 ) Tj ET Q q 0 0 0 rg BT 142.48 385.10 Td (par ) Tj ET Q q 0 0 0 rg BT 157.74 385.10 Td (value ) Tj ET Q q 0 0 0 rg BT 181.90 385.10 Td (per ) Tj ET Q q 0 0 0 rg BT 197.17 385.10 Td (share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 355.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.79 355.10 Td (October ) Tj ET Q q 0 0 0 rg BT 135.57 355.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 150.63 355.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 175.70 355.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 201.75 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.75 355.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 244.25 355.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 294.03 355.10 Td (with ) Tj ET Q q 0 0 0 rg BT 314.37 355.10 Td (FOLIO) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.82 355.10 Td (fn) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.60 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.16 355.10 Td (Investments, ) Tj ET Q q 0 0 0 rg BT 407.56 355.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 425.39 355.10 Td (\(FOLIOfn\), ) Tj ET Q q 0 0 0 rg BT 483.77 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.78 355.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 532.77 355.10 Td (broker) Tj ET Q q 0 0 0 rg BT 558.67 355.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (dealer ) Tj ET Q q 0 0 0 rg BT 77.13 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.27 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.18 343.10 Td (operator ) Tj ET Q q 0 0 0 rg BT 145.20 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.23 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.15 343.10 Td (Folio ) Tj ET Q q 0 0 0 rg BT 194.97 343.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 234.89 343.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 256.83 343.10 Td (T) Tj ET Q q 0 0 0 rg BT 262.59 343.10 Td (rader ) Tj ET Q q 0 0 0 rg BT 285.83 343.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 325.47 343.10 Td (terminated. ) Tj ET Q q 0 0 0 rg BT 373.43 343.10 Td (In ) Tj ET Q q 0 0 0 rg BT 384.46 343.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 431.03 343.10 Td (with ) Tj ET Q q 0 0 0 rg BT 451.51 343.10 Td (this ) Tj ET Q q 0 0 0 rg BT 468.66 343.10 Td (termination, ) Tj ET Q q 0 0 0 rg BT 519.96 343.10 Td (there ) Tj ET Q q 0 0 0 rg BT 542.65 343.10 Td (is ) Tj ET Q q 0 0 0 rg BT 552.02 343.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 78.71 331.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.30 331.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 117.79 331.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 155.38 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 170.20 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.57 331.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 219.27 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.75 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.13 331.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 272.62 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.21 331.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 311.16 331.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 366.52 331.10 Td (Rights. ) Tj ET Q q 0 0 0 rg BT 398.06 331.10 Td (W) Tj ET Q q 0 0 0 rg BT 406.70 331.10 Td (e ) Tj ET Q q 0 0 0 rg BT 414.30 331.10 Td (may) Tj ET Q q 0 0 0 rg BT 430.87 331.10 Td (, ) Tj ET Q q 0 0 0 rg BT 436.52 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.46 331.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.95 331.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 483.21 331.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 528.31 331.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 557.57 331.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 82.71 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.22 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.61 319.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 133.12 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.73 319.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 169.69 319.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 224.06 319.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 252.36 319.10 Td (through ) Tj ET Q q 0 0 0 rg BT 285.64 319.10 Td (another ) Tj ET Q q 0 0 0 rg BT 317.80 319.10 Td (online ) Tj ET Q q 0 0 0 rg BT 344.97 319.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 375.47 319.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 414.58 319.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 428.97 319.10 Td (there ) Tj ET Q q 0 0 0 rg BT 451.14 319.10 Td (can ) Tj ET Q q 0 0 0 rg BT 467.19 319.10 Td (be ) Tj ET Q q 0 0 0 rg BT 478.80 319.10 Td (no ) Tj ET Q q 0 0 0 rg BT 490.98 319.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 532.02 319.10 Td (another ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 80.70 307.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 117.51 307.10 Td (for ) Tj ET Q q 0 0 0 rg BT 131.54 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.13 307.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 179.05 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.75 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.34 307.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 230.05 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.86 307.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 267.02 307.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 321.59 307.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 350.09 307.10 Td (will ) Tj ET Q q 0 0 0 rg BT 368.02 307.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 402.05 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.20 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.79 307.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 455.37 307.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 499.66 307.10 Td (note ) Tj ET Q q 0 0 0 rg BT 519.25 307.10 Td (purchasers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (must ) Tj ET Q q 0 0 0 rg BT 72.00 295.10 Td (be ) Tj ET Q q 0 0 0 rg BT 84.00 295.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 121.53 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.87 295.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 152.20 295.10 Td (their ) Tj ET Q q 0 0 0 rg BT 173.08 295.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 198.97 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.96 295.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 236.30 295.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 291.06 295.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 319.73 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.07 295.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 363.30 295.10 Td (. ) Tj ET Q q 0 0 0 rg BT 368.36 295.10 Td (See ) Tj ET Q q 0 0 0 rg BT 385.35 295.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 410.69 295.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 468.24 295.10 Td (Inherent ) Tj ET Q q 0 0 0 rg BT 504.11 295.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.45 295.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 554.22 295.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.97 283.10 Td (Notes-The ) Tj ET Q q 0 0 0 rg BT 109.92 283.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 136.01 283.10 Td (will ) Tj ET Q q 0 0 0 rg BT 154.31 283.10 Td (not ) Tj ET Q q 0 0 0 rg BT 169.84 283.10 Td (be ) Tj ET Q q 0 0 0 rg BT 182.03 283.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 206.45 283.10 Td (on ) Tj ET Q q 0 0 0 rg BT 219.20 283.10 Td (any ) Tj ET Q q 0 0 0 rg BT 236.39 283.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 276.90 283.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 317.40 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.59 283.10 Td (can ) Tj ET Q q 0 0 0 rg BT 351.22 283.10 Td (be ) Tj ET Q q 0 0 0 rg BT 363.41 283.10 Td (held ) Tj ET Q q 0 0 0 rg BT 383.38 283.10 Td (only ) Tj ET Q q 0 0 0 rg BT 403.91 283.10 Td (by ) Tj ET Q q 0 0 0 rg BT 416.66 283.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 432.97 283.10 Td () Tj ET Q q 0 0 0 rg BT 435.75 283.10 Td (s ) Tj ET Q q 0 0 0 rg BT 442.39 283.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 483.75 283.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 523.16 283.10 Td (should ) Tj ET Q q 0 0 0 rg BT 552.58 283.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 87.48 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.75 271.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 118.03 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.75 271.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 158.58 271.10 Td (they ) Tj ET Q q 0 0 0 rg BT 178.30 271.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 216.33 271.10 Td (until ) Tj ET Q q 0 0 0 rg BT 237.17 271.10 Td (they ) Tj ET Q q 0 0 0 rg BT 256.88 271.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 291.59 271.10 Td (for ) Tj ET Q q 0 0 0 rg BT 305.75 271.10 Td (more ) Tj ET Q q 0 0 0 rg BT 328.79 271.10 Td (information. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (About ) Tj ET Q q 0 0 0 rg BT 79.17 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.00 241.10 Td (Marketplace) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 211.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 105.84 211.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 149.00 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.27 211.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 214.19 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.69 211.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 259.41 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.68 211.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 320.17 211.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 366.66 211.10 Td (that ) Tj ET Q q 0 0 0 rg BT 383.71 211.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 411.32 211.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 451.14 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.53 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.81 211.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 526.73 211.10 Td (possible. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.56 199.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 106.66 199.10 Td (with ) Tj ET Q q 0 0 0 rg BT 126.67 199.10 Td (this ) Tj ET Q q 0 0 0 rg BT 143.34 199.10 Td (of) Tj ET Q q 0 0 0 rg BT 151.49 199.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 180.10 199.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 200.11 199.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 245.65 199.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 289.54 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.10 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.54 199.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 368.13 199.10 Td (including ) Tj ET Q q 0 0 0 rg BT 408.13 199.10 Td (all ) Tj ET Q q 0 0 0 rg BT 420.35 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.91 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.36 199.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 470.37 199.10 Td (related ) Tj ET Q q 0 0 0 rg BT 499.80 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.80 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.25 199.10 Td (operation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 187.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 129.40 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.68 187.10 Td (PFL.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 157.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 106.94 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.30 157.10 Td (W) Tj ET Q q 0 0 0 rg BT 132.94 157.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 166.64 157.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 199.22 157.10 Td (into ) Tj ET Q q 0 0 0 rg BT 217.93 157.10 Td (a ) Tj ET Q q 0 0 0 rg BT 225.52 157.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 269.63 157.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 319.71 157.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 357.30 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.23 157.10 Td (which ) Tj ET Q q 0 0 0 rg BT 395.82 157.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 419.26 157.10 Td (as ) Tj ET Q q 0 0 0 rg BT 430.74 157.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 455.55 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.81 157.10 Td (W) Tj ET Q q 0 0 0 rg BT 475.44 157.10 Td (ebBank, ) Tj ET Q q 0 0 0 rg BT 511.64 157.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 549.78 157.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 89.90 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.38 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.73 145.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 165.73 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.65 145.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 221.67 145.10 Td (with ) Tj ET Q q 0 0 0 rg BT 241.58 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.94 145.10 Td (submission ) Tj ET Q q 0 0 0 rg BT 303.09 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.56 145.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 332.92 145.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 383.38 145.10 Td (by ) Tj ET Q q 0 0 0 rg BT 395.52 145.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 432.66 145.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 477.84 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.20 145.10 Td (making ) Tj ET Q q 0 0 0 rg BT 524.33 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.80 145.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 74.05 133.10 Td (by ) Tj ET Q q 0 0 0 rg BT 86.77 133.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.41 133.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 128.90 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.28 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.43 133.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 195.48 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.75 133.10 Td (such ) Tj ET Q q 0 0 0 rg BT 228.02 133.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 252.07 133.10 Td (by ) Tj ET Q q 0 0 0 rg BT 264.79 133.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.43 133.10 Td (ebBank. ) Tj ET Q q 0 0 0 rg BT 309.42 133.10 Td (In ) Tj ET Q q 0 0 0 rg BT 320.69 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.84 133.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 365.16 133.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 385.88 133.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 414.37 133.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 431.23 133.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.17 133.10 Td (may ) Tj ET Q q 0 0 0 rg BT 454.33 133.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 477.25 133.10 Td (into ) Tj ET Q q 0 0 0 rg BT 495.75 133.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 544.22 133.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (other ) Tj ET Q q 0 0 0 rg BT 74.39 121.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 101.56 121.10 Td (that ) Tj ET Q q 0 0 0 rg BT 120.39 121.10 Td (would ) Tj ET Q q 0 0 0 rg BT 149.23 121.10 Td (act ) Tj ET Q q 0 0 0 rg BT 164.73 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.34 121.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 212.96 121.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 227.08 121.10 Td (or ) Tj ET Q q 0 0 0 rg BT 239.25 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.86 121.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 269.70 121.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 284.09 121.10 Td (W) Tj ET Q q 0 0 0 rg BT 292.73 121.10 Td (ebBank, ) Tj ET Q q 0 0 0 rg BT 329.62 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.23 121.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 388.95 121.10 Td (with ) Tj ET Q q 0 0 0 rg BT 410.56 121.10 Td (making ) Tj ET Q q 0 0 0 rg BT 444.40 121.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 486.56 121.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 514.84 121.10 Td (through ) Tj ET Q q 0 0 0 rg BT 549.79 121.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 104.54 109.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 121.40 109.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.58 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.20 109.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 163.16 109.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 195.76 109.10 Td (into ) Tj ET Q q 0 0 0 rg BT 214.50 109.10 Td (an ) Tj ET Q q 0 0 0 rg BT 226.42 109.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 289.45 109.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 339.55 109.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 377.17 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.13 109.10 Td (which ) Tj ET Q q 0 0 0 rg BT 415.75 109.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 436.71 109.10 Td (has ) Tj ET Q q 0 0 0 rg BT 453.22 109.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 483.05 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.00 109.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 528.28 109.10 Td (all ) Tj ET Q q 0 0 0 rg BT 541.45 109.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 80.68 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.82 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.84 97.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 155.51 97.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.31 97.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 194.11 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.24 97.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 225.78 97.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 247.59 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.17 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.20 97.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 336.31 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.45 97.10 Td (this ) Tj ET Q q 0 0 0 rg BT 362.70 97.10 Td (of) Tj ET Q q 0 0 0 rg BT 370.85 97.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 399.03 97.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 418.62 97.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 454.85 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.88 97.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 522.04 97.10 Td (facilitated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.09 85.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 109.84 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.04 85.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 143.02 85.10 Td (by ) Tj ET Q q 0 0 0 rg BT 154.76 85.10 Td (W) Tj ET Q q 0 0 0 rg BT 163.40 85.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 195.82 85.10 Td (through ) Tj ET Q q 0 0 0 rg BT 228.80 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.88 85.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 293.61 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.92 85.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 336.79 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.10 85.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 371.65 85.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 394.63 85.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 453.71 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.35 85.10 Td (those ) Tj ET Q q 0 0 0 rg BT 486.33 85.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 511.81 85.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 537.02 85.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 73.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 86.11 73.10 Td (through ) Tj ET Q q 0 0 0 rg BT 119.72 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.43 73.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 185.79 73.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 207.73 73.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.01 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.72 73.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 298.53 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.36 73.10 Td (this ) Tj ET Q q 0 0 0 rg BT 326.31 73.10 Td (of) Tj ET Q q 0 0 0 rg BT 334.46 73.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 360.83 73.10 Td (are ) Tj ET Q q 0 0 0 rg BT 375.54 73.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 409.68 73.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.96 73.10 Td (as ) Tj ET Q q 0 0 0 rg BT 430.79 73.10 Td ("PMI ) Tj ET Q q 0 0 0 rg BT 455.15 73.10 Td (Notes". ) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 742.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 109.90 742.25 Td (Listings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.41 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 154.08 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 156.30 742.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 175.75 742.25 Td (listing, ) Tj ET Q q 0 0 0 rg BT 205.48 742.25 Td (or ) Tj ET Q q 0 0 0 rg BT 216.03 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 222.70 742.25 Td (listing, ) Tj ET Q q 0 0 0 rg BT 252.43 742.25 Td (is ) Tj ET Q q 0 0 0 rg BT 261.32 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 267.99 742.25 Td (request ) Tj ET Q q 0 0 0 rg BT 299.09 742.25 Td (by ) Tj ET Q q 0 0 0 rg BT 311.32 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 317.98 742.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 334.84 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.07 742.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 375.94 742.25 Td (for ) Tj ET Q q 0 0 0 rg BT 389.83 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 396.49 742.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 437.04 742.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 459.81 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 469.81 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 476.48 742.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 514.80 742.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 547.02 742.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.42 730.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 86.28 730.25 Td (on ) Tj ET Q q 0 0 0 rg BT 98.03 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.99 730.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 162.60 730.25 Td (by ) Tj ET Q q 0 0 0 rg BT 174.35 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.32 730.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 224.41 730.25 Td (. ) Tj ET Q q 0 0 0 rg BT 228.28 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 234.95 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.70 730.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 275.10 730.25 Td (who ) Tj ET Q q 0 0 0 rg BT 294.07 730.25 Td (posts ) Tj ET Q q 0 0 0 rg BT 316.38 730.25 Td (a ) Tj ET Q q 0 0 0 rg BT 322.57 730.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 341.53 730.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 368.29 730.25 Td (on ) Tj ET Q q 0 0 0 rg BT 380.04 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.00 730.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 444.61 730.25 Td (is ) Tj ET Q q 0 0 0 rg BT 453.03 730.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 486.42 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 495.94 730.25 Td (as ) Tj ET Q q 0 0 0 rg BT 506.02 730.25 Td (an ) Tj ET Q q 0 0 0 rg BT 517.21 730.25 Td ("applicant" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.34 718.25 Td (an ) Tj ET Q q 0 0 0 rg BT 79.68 718.25 Td (applicant ) Tj ET Q q 0 0 0 rg BT 119.23 718.25 Td (who ) Tj ET Q q 0 0 0 rg BT 139.35 718.25 Td (obtains ) Tj ET Q q 0 0 0 rg BT 171.13 718.25 Td (a ) Tj ET Q q 0 0 0 rg BT 178.47 718.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 198.59 718.25 Td (through ) Tj ET Q q 0 0 0 rg BT 232.59 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.71 718.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 299.47 718.25 Td (as ) Tj ET Q q 0 0 0 rg BT 310.70 718.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.04 718.25 Td ("borrower) Tj ET Q q 0 0 0 rg BT 358.22 718.25 Td (." ) Tj ET Q q 0 0 0 rg BT 367.70 718.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 388.38 718.25 Td (adds ) Tj ET Q q 0 0 0 rg BT 409.61 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 420.29 718.25 Td (each ) Tj ET Q q 0 0 0 rg BT 441.50 718.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 469.41 718.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 512.30 718.25 Td (information, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (including ) Tj ET Q q 0 0 0 rg BT 90.38 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.21 706.25 Td (desired ) Tj ET Q q 0 0 0 rg BT 136.70 706.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 156.52 706.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 191.63 706.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 223.67 706.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 241.27 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.32 706.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 318.13 706.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 340.74 706.25 Td (percentage, ) Tj ET Q q 0 0 0 rg BT 389.15 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.97 706.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 445.48 706.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 478.08 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.02 706.25 Td (total ) Tj ET Q q 0 0 0 rg BT 509.40 706.25 Td (bids ) Tj ET Q q 0 0 0 rg BT 528.68 706.25 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.25 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 79.05 694.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 98.85 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.22 694.25 Td (fund, ) Tj ET Q q 0 0 0 rg BT 132.64 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.44 694.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 180.58 694.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 209.83 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.86 694.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 267.76 694.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 285.91 694.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 303.48 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 317.73 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.54 694.25 Td (listing, ) Tj ET Q q 0 0 0 rg BT 362.63 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.43 694.25 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 422.36 694.25 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 486.04 694.25 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 509.45 694.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 539.24 694.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (information ) Tj ET Q q 0 0 0 rg BT 99.20 682.25 Td (from ) Tj ET Q q 0 0 0 rg BT 120.63 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.83 682.25 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 179.16 682.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 203.91 682.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 232.28 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.48 682.25 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 290.81 682.25 Td (numerical ) Tj ET Q q 0 0 0 rg BT 332.78 682.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 357.53 682.25 Td (score ) Tj ET Q q 0 0 0 rg BT 380.62 682.25 Td (range, ) Tj ET Q q 0 0 0 rg BT 407.31 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.74 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.94 682.25 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 482.27 682.25 Td (self-reported ) Tj ET Q q 0 0 0 rg BT 535.34 682.25 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (income ) Tj ET Q q 0 0 0 rg BT 82.23 670.25 Td (range, ) Tj ET Q q 0 0 0 rg BT 109.73 670.25 Td (occupation ) Tj ET Q q 0 0 0 rg BT 156.40 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.63 670.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 226.41 670.25 Td (status. ) Tj ET Q q 0 0 0 rg BT 254.49 670.25 Td (Neither ) Tj ET Q q 0 0 0 rg BT 287.27 670.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 304.13 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.92 670.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 323.05 670.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 343.62 670.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 389.17 670.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 426.40 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.52 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.54 670.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 478.66 670.25 Td (or ) Tj ET Q q 0 0 0 rg BT 489.78 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.80 670.25 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.82 658.25 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 628.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.53 628.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 136.06 628.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 164.70 628.25 Td (is ) Tj ET Q q 0 0 0 rg BT 173.35 628.25 Td (a ) Tj ET Q q 0 0 0 rg BT 179.77 628.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 226.17 628.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 250.91 628.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 276.22 628.25 Td (that ) Tj ET Q q 0 0 0 rg BT 293.19 628.25 Td (we ) Tj ET Q q 0 0 0 rg BT 306.83 628.25 Td (assign ) Tj ET Q q 0 0 0 rg BT 333.81 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.57 628.25 Td (each ) Tj ET Q q 0 0 0 rg BT 363.86 628.25 Td (listing. ) Tj ET Q q 0 0 0 rg BT 393.20 628.25 Td (The ) Tj ET Q q 0 0 0 rg BT 410.73 628.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 443.26 628.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 471.90 628.25 Td (is ) Tj ET Q q 0 0 0 rg BT 480.55 628.25 Td (a ) Tj ET Q q 0 0 0 rg BT 486.97 628.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 509.49 628.25 Td (that ) Tj ET Q q 0 0 0 rg BT 526.46 628.25 Td (indicates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.54 616.25 Td (level ) Tj ET Q q 0 0 0 rg BT 86.29 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.94 616.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 114.26 616.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 157.68 616.25 Td (with ) Tj ET Q q 0 0 0 rg BT 177.78 616.25 Td (a ) Tj ET Q q 0 0 0 rg BT 184.54 616.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 211.86 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.62 616.25 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 279.26 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.36 616.25 Td (an ) Tj ET Q q 0 0 0 rg BT 301.12 616.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 341.76 616.25 Td (average ) Tj ET Q q 0 0 0 rg BT 375.17 616.25 Td (annualized ) Tj ET Q q 0 0 0 rg BT 420.80 616.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 438.68 616.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 455.99 616.25 Td (range ) Tj ET Q q 0 0 0 rg BT 480.51 616.25 Td (for ) Tj ET Q q 0 0 0 rg BT 494.50 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.03 616.25 Td (listing. ) Tj ET Q q 0 0 0 rg BT 538.69 616.25 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.87 604.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 103.63 604.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 129.06 604.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 162.28 604.25 Td (Ratings, ) Tj ET Q q 0 0 0 rg BT 198.00 604.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 246.74 604.25 Td (by ) Tj ET Q q 0 0 0 rg BT 259.41 604.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 284.84 604.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 308.04 604.25 Td (scores, ) Tj ET Q q 0 0 0 rg BT 338.20 604.25 Td (but ) Tj ET Q q 0 0 0 rg BT 353.64 604.25 Td (this, ) Tj ET Q q 0 0 0 rg BT 373.25 604.25 Td (as ) Tj ET Q q 0 0 0 rg BT 384.25 604.25 Td (well ) Tj ET Q q 0 0 0 rg BT 404.13 604.25 Td (as ) Tj ET Q q 0 0 0 rg BT 415.12 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.00 604.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 448.23 604.25 Td (ranges ) Tj ET Q q 0 0 0 rg BT 476.99 604.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 520.74 604.25 Td (with ) Tj ET Q q 0 0 0 rg BT 541.19 604.25 Td (each, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (may ) Tj ET Q q 0 0 0 rg BT 70.25 592.25 Td (change ) Tj ET Q q 0 0 0 rg BT 101.61 592.25 Td (over ) Tj ET Q q 0 0 0 rg BT 122.41 592.25 Td (time ) Tj ET Q q 0 0 0 rg BT 143.22 592.25 Td (as ) Tj ET Q q 0 0 0 rg BT 154.59 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.84 592.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 221.74 592.25 Td (dictates. ) Tj ET Q q 0 0 0 rg BT 257.60 592.25 Td (The ) Tj ET Q q 0 0 0 rg BT 276.18 592.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 317.54 592.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 336.14 592.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 354.16 592.25 Td (for ) Tj ET Q q 0 0 0 rg BT 368.86 592.25 Td (each ) Tj ET Q q 0 0 0 rg BT 390.21 592.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 418.25 592.25 Td (is ) Tj ET Q q 0 0 0 rg BT 427.96 592.25 Td (based ) Tj ET Q q 0 0 0 rg BT 453.77 592.25 Td (on ) Tj ET Q q 0 0 0 rg BT 466.80 592.25 Td (two ) Tj ET Q q 0 0 0 rg BT 484.84 592.25 Td (scores: ) Tj ET Q q 0 0 0 rg BT 515.65 592.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.12 592.25 Td (consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.55 580.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 118.76 580.25 Td (score ) Tj ET Q q 0 0 0 rg BT 141.75 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.08 580.25 Td (an ) Tj ET Q q 0 0 0 rg BT 169.41 580.25 Td (in-house ) Tj ET Q q 0 0 0 rg BT 205.75 580.25 Td (custom ) Tj ET Q q 0 0 0 rg BT 236.53 580.25 Td (score ) Tj ET Q q 0 0 0 rg BT 259.52 580.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 301.94 580.25 Td (using ) Tj ET Q q 0 0 0 rg BT 325.50 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.61 580.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 378.72 580.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 431.13 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 441.36 580.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 477.69 580.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 517.90 580.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 544.24 580.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 79.85 568.25 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 139.12 568.25 Td (\(a ) Tj ET Q q 0 0 0 rg BT 148.97 568.25 Td ("Prosper ) Tj ET Q q 0 0 0 rg BT 185.69 568.25 Td (Score"\). ) Tj ET Q q 0 0 0 rg BT 220.30 568.25 Td (W) Tj ET Q q 0 0 0 rg BT 228.94 568.25 Td (e ) Tj ET Q q 0 0 0 rg BT 235.46 568.25 Td (will ) Tj ET Q q 0 0 0 rg BT 253.10 568.25 Td (use ) Tj ET Q q 0 0 0 rg BT 268.51 568.25 Td (these ) Tj ET Q q 0 0 0 rg BT 291.14 568.25 Td (two ) Tj ET Q q 0 0 0 rg BT 308.22 568.25 Td (scores ) Tj ET Q q 0 0 0 rg BT 335.29 568.25 Td (to ) Tj ET Q q 0 0 0 rg BT 345.15 568.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 387.21 568.25 Td (an ) Tj ET Q q 0 0 0 rg BT 398.73 568.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 439.13 568.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 456.78 568.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 473.84 568.25 Td (for ) Tj ET Q q 0 0 0 rg BT 487.59 568.25 Td (each ) Tj ET Q q 0 0 0 rg BT 507.98 568.25 Td (listing, ) Tj ET Q q 0 0 0 rg BT 537.57 568.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (correlates ) Tj ET Q q 0 0 0 rg BT 92.56 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.04 556.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.18 556.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 146.43 556.25 Td (Rating. ) Tj ET Q q 0 0 0 rg BT 179.03 556.25 Td (This ) Tj ET Q q 0 0 0 rg BT 200.51 556.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 227.53 556.25 Td (system ) Tj ET Q q 0 0 0 rg BT 259.01 556.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 288.82 556.25 Td (for ) Tj ET Q q 0 0 0 rg BT 304.18 556.25 Td (consistency ) Tj ET Q q 0 0 0 rg BT 354.54 556.25 Td (when ) Tj ET Q q 0 0 0 rg BT 379.90 556.25 Td (assigning ) Tj ET Q q 0 0 0 rg BT 421.38 556.25 Td (ratings ) Tj ET Q q 0 0 0 rg BT 452.29 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.77 556.25 Td (listings. ) Tj ET Q q 0 0 0 rg BT 498.87 556.25 Td (See ) Tj ET Q q 0 0 0 rg BT 517.01 556.25 Td ("About ) Tj ET Q q 0 0 0 rg BT 549.79 556.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 102.62 544.25 Td (- ) Tj ET Q q 0 0 0 rg BT 108.61 544.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 129.60 544.25 Td (Management" ) Tj ET Q q 0 0 0 rg BT 188.54 544.25 Td (for ) Tj ET Q q 0 0 0 rg BT 202.85 544.25 Td (more ) Tj ET Q q 0 0 0 rg BT 226.05 544.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 278.42 544.25 Td ( ) Tj ET Q q 0 0 0 rg BT 281.07 544.25 Td (For ) Tj ET Q q 0 0 0 rg BT 297.62 544.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 317.49 544.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 349.04 544.25 Td (begun ) Tj ET Q q 0 0 0 rg BT 376.13 544.25 Td (on ) Tj ET Q q 0 0 0 rg BT 388.79 544.25 Td (or ) Tj ET Q q 0 0 0 rg BT 399.77 544.25 Td (after ) Tj ET Q q 0 0 0 rg BT 420.74 544.25 Td (December ) Tj ET Q q 0 0 0 rg BT 464.48 544.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 479.63 544.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 504.79 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.66 544.25 Td (borrower's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 82.85 532.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 111.80 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.54 532.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 161.38 532.25 Td (Score ) Tj ET Q q 0 0 0 rg BT 186.45 532.25 Td (have ) Tj ET Q q 0 0 0 rg BT 207.62 532.25 Td (been ) Tj ET Q q 0 0 0 rg BT 228.79 532.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 276.06 532.25 Td (based ) Tj ET Q q 0 0 0 rg BT 301.12 532.25 Td (on ) Tj ET Q q 0 0 0 rg BT 313.42 532.25 Td (information ) Tj ET Q q 0 0 0 rg BT 362.92 532.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 399.65 532.25 Td (from ) Tj ET Q q 0 0 0 rg BT 421.38 532.25 Td (his ) Tj ET Q q 0 0 0 rg BT 435.35 532.25 Td (or ) Tj ET Q q 0 0 0 rg BT 445.97 532.25 Td (her ) Tj ET Q q 0 0 0 rg BT 460.87 532.25 Td (T) Tj ET Q q 0 0 0 rg BT 466.63 532.25 Td (ransUnion ) Tj ET Q q 0 0 0 rg BT 510.58 532.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 535.64 532.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 564.51 532.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (For ) Tj ET Q q 0 0 0 rg BT 67.28 520.25 Td (all ) Tj ET Q q 0 0 0 rg BT 80.66 520.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 112.95 520.25 Td (begun ) Tj ET Q q 0 0 0 rg BT 140.78 520.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 163.60 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.77 520.25 Td (December ) Tj ET Q q 0 0 0 rg BT 219.24 520.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 235.13 520.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 261.02 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.63 520.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 310.57 520.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 340.62 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.45 520.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 392.39 520.25 Td (Score ) Tj ET Q q 0 0 0 rg BT 418.54 520.25 Td (were ) Tj ET Q q 0 0 0 rg BT 441.36 520.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 489.73 520.25 Td (using ) Tj ET Q q 0 0 0 rg BT 514.79 520.25 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 86.93 508.25 Td (from ) Tj ET Q q 0 0 0 rg BT 108.87 508.25 Td (Experian. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 478.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 109.05 478.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 140.45 478.25 Td (begun ) Tj ET Q q 0 0 0 rg BT 167.39 478.25 Td (on ) Tj ET Q q 0 0 0 rg BT 179.89 478.25 Td (or ) Tj ET Q q 0 0 0 rg BT 190.72 478.25 Td (between ) Tj ET Q q 0 0 0 rg BT 226.54 478.25 Td (December ) Tj ET Q q 0 0 0 rg BT 270.12 478.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 285.12 478.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 307.62 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.56 478.25 Td (March ) Tj ET Q q 0 0 0 rg BT 353.16 478.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 368.17 478.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 390.67 478.25 Td (display ) Tj ET Q q 0 0 0 rg BT 422.06 478.25 Td (credit-related ) Tj ET Q q 0 0 0 rg BT 477.85 478.25 Td (information ) Tj ET Q q 0 0 0 rg BT 527.57 478.25 Td (obtained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (from ) Tj ET Q q 0 0 0 rg BT 70.92 466.25 Td (both ) Tj ET Q q 0 0 0 rg BT 90.06 466.25 Td (T) Tj ET Q q 0 0 0 rg BT 95.82 466.25 Td (ransUnion ) Tj ET Q q 0 0 0 rg BT 138.96 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.87 466.25 Td (Experian. ) Tj ET Q q 0 0 0 rg BT 194.94 466.25 Td (Specifically) Tj ET Q q 0 0 0 rg BT 242.05 466.25 Td (, ) Tj ET Q q 0 0 0 rg BT 246.03 466.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 276.40 466.25 Td (begun ) Tj ET Q q 0 0 0 rg BT 302.32 466.25 Td (on ) Tj ET Q q 0 0 0 rg BT 313.80 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 323.60 466.25 Td (between ) Tj ET Q q 0 0 0 rg BT 358.40 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.87 466.25 Td (such ) Tj ET Q q 0 0 0 rg BT 379.68 466.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 401.70 466.25 Td (display ) Tj ET Q q 0 0 0 rg BT 432.07 466.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 456.31 466.25 Td (score ) Tj ET Q q 0 0 0 rg BT 478.88 466.25 Td (information ) Tj ET Q q 0 0 0 rg BT 527.57 466.25 Td (obtained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.40 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.58 454.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 129.74 454.25 Td (T) Tj ET Q q 0 0 0 rg BT 135.50 454.25 Td (ransUnion ) Tj ET Q q 0 0 0 rg BT 179.12 454.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 203.85 454.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 232.19 454.25 Td (while ) Tj ET Q q 0 0 0 rg BT 256.36 454.25 Td (all ) Tj ET Q q 0 0 0 rg BT 268.32 454.25 Td (other ) Tj ET Q q 0 0 0 rg BT 290.83 454.25 Td (credit-related ) Tj ET Q q 0 0 0 rg BT 346.09 454.25 Td (information ) Tj ET Q q 0 0 0 rg BT 395.26 454.25 Td (displayed ) Tj ET Q q 0 0 0 rg BT 435.55 454.25 Td (on ) Tj ET Q q 0 0 0 rg BT 447.51 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.69 454.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 488.66 454.25 Td (was ) Tj ET Q q 0 0 0 rg BT 506.17 454.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 542.57 454.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 442.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 109.56 442.25 Td (Experian ) Tj ET Q q 0 0 0 rg BT 148.15 442.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 173.42 442.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 202.29 442.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 412.25 Td (Bidding ) Tj ET Q q 0 0 0 rg BT 121.68 412.25 Td (on ) Tj ET Q q 0 0 0 rg BT 135.13 412.25 Td (Listings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.30 412.25 Td (A) Tj ET Q q 0 0 0 rg BT 179.97 412.25 Td ( ) Tj ET Q q 0 0 0 rg BT 182.86 412.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 198.53 412.25 Td (on ) Tj ET Q q 0 0 0 rg BT 211.42 412.25 Td (a ) Tj ET Q q 0 0 0 rg BT 218.74 412.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 246.63 412.25 Td (is ) Tj ET Q q 0 0 0 rg BT 256.19 412.25 Td (an ) Tj ET Q q 0 0 0 rg BT 268.52 412.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 309.32 412.25 Td (commitment ) Tj ET Q q 0 0 0 rg BT 362.75 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 373.42 412.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 411.84 412.25 Td (a ) Tj ET Q q 0 0 0 rg BT 419.17 412.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 441.50 412.25 Td (in ) Tj ET Q q 0 0 0 rg BT 452.16 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.27 412.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 505.70 412.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 538.58 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 412.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 90.76 400.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 106.40 400.25 Td (that ) Tj ET Q q 0 0 0 rg BT 124.25 400.25 Td (will ) Tj ET Q q 0 0 0 rg BT 142.66 400.25 Td (be ) Tj ET Q q 0 0 0 rg BT 154.95 400.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 198.90 400.25 Td (for ) Tj ET Q q 0 0 0 rg BT 213.41 400.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 250.70 400.25 Td (on ) Tj ET Q q 0 0 0 rg BT 263.55 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.62 400.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 319.80 400.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 336.66 400.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.52 400.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 375.12 400.25 Td (on ) Tj ET Q q 0 0 0 rg BT 387.98 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.05 400.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 444.22 400.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 467.62 400.25 Td (described ) Tj ET Q q 0 0 0 rg BT 508.79 400.25 Td (in ) Tj ET Q q 0 0 0 rg BT 519.43 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.50 400.25 Td (listing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (After ) Tj ET Q q 0 0 0 rg BT 72.84 388.25 Td (a ) Tj ET Q q 0 0 0 rg BT 79.01 388.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 105.75 388.25 Td (is ) Tj ET Q q 0 0 0 rg BT 114.16 388.25 Td (posted, ) Tj ET Q q 0 0 0 rg BT 144.51 388.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 182.35 388.25 Td (can ) Tj ET Q q 0 0 0 rg BT 197.97 388.25 Td (place ) Tj ET Q q 0 0 0 rg BT 220.80 388.25 Td (bids ) Tj ET Q q 0 0 0 rg BT 239.21 388.25 Td (on ) Tj ET Q q 0 0 0 rg BT 250.94 388.25 Td (that ) Tj ET Q q 0 0 0 rg BT 267.67 388.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 294.42 388.25 Td (until ) Tj ET Q q 0 0 0 rg BT 314.49 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.44 388.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 355.19 388.25 Td (has ) Tj ET Q q 0 0 0 rg BT 370.25 388.25 Td (received ) Tj ET Q q 0 0 0 rg BT 405.85 388.25 Td (bids ) Tj ET Q q 0 0 0 rg BT 424.26 388.25 Td (totaling ) Tj ET Q q 0 0 0 rg BT 456.55 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.50 388.25 Td (requested ) Tj ET Q q 0 0 0 rg BT 510.56 388.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 529.51 388.25 Td (amount. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.40 376.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 110.14 376.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 142.99 376.25 Td (an ) Tj ET Q q 0 0 0 rg BT 155.27 376.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 190.34 376.25 Td (may ) Tj ET Q q 0 0 0 rg BT 210.41 376.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 226.04 376.25 Td (is ) Tj ET Q q 0 0 0 rg BT 235.56 376.25 Td ($25. ) Tj ET Q q 0 0 0 rg BT 255.28 376.25 Td (All ) Tj ET Q q 0 0 0 rg BT 270.91 376.25 Td (bids ) Tj ET Q q 0 0 0 rg BT 290.43 376.25 Td (may ) Tj ET Q q 0 0 0 rg BT 310.50 376.25 Td (be ) Tj ET Q q 0 0 0 rg BT 322.79 376.25 Td (up ) Tj ET Q q 0 0 0 rg BT 335.64 376.25 Td (to ) Tj ET Q q 0 0 0 rg BT 346.27 376.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 372.45 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.63 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.69 376.25 Td (requested ) Tj ET Q q 0 0 0 rg BT 439.86 376.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 459.93 376.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 494.64 376.25 Td (An ) Tj ET Q q 0 0 0 rg BT 509.72 376.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 544.78 376.25 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (wishes ) Tj ET Q q 0 0 0 rg BT 79.61 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.77 364.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 104.94 364.25 Td (on ) Tj ET Q q 0 0 0 rg BT 117.33 364.25 Td (a ) Tj ET Q q 0 0 0 rg BT 124.15 364.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 151.54 364.25 Td (must ) Tj ET Q q 0 0 0 rg BT 173.38 364.25 Td (have ) Tj ET Q q 0 0 0 rg BT 194.64 364.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 219.25 364.25 Td (in ) Tj ET Q q 0 0 0 rg BT 229.41 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.02 364.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 276.40 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.12 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.72 364.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 316.88 364.25 Td (in ) Tj ET Q q 0 0 0 rg BT 327.05 364.25 Td (his ) Tj ET Q q 0 0 0 rg BT 341.11 364.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 375.71 364.25 Td (account ) Tj ET Q q 0 0 0 rg BT 409.19 364.25 Td (at ) Tj ET Q q 0 0 0 rg BT 418.79 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.40 364.25 Td (time ) Tj ET Q q 0 0 0 rg BT 453.56 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.16 364.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 483.33 364.25 Td (is ) Tj ET Q q 0 0 0 rg BT 492.38 364.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 518.92 364.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 542.41 364.25 Td (a ) Tj ET Q q 0 0 0 rg BT 549.24 364.25 Td (bid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.87 352.25 Td (placed, ) Tj ET Q q 0 0 0 rg BT 89.66 352.25 Td (it ) Tj ET Q q 0 0 0 rg BT 97.42 352.25 Td (is ) Tj ET Q q 0 0 0 rg BT 106.29 352.25 Td (irrevocable, ) Tj ET Q q 0 0 0 rg BT 155.96 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.60 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.01 352.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 219.21 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.74 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.16 352.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 259.13 352.25 Td (may ) Tj ET Q q 0 0 0 rg BT 278.55 352.25 Td (not ) Tj ET Q q 0 0 0 rg BT 293.53 352.25 Td (be ) Tj ET Q q 0 0 0 rg BT 305.17 352.25 Td (withdrawn ) Tj ET Q q 0 0 0 rg BT 350.13 352.25 Td (from ) Tj ET Q q 0 0 0 rg BT 371.77 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.19 352.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 426.30 352.25 Td (account, ) Tj ET Q q 0 0 0 rg BT 462.09 352.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 489.29 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.71 352.25 Td (bidding ) Tj ET Q q 0 0 0 rg BT 536.46 352.25 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (expires ) Tj ET Q q 0 0 0 rg BT 80.89 340.25 Td (without ) Tj ET Q q 0 0 0 rg BT 113.45 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.68 340.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 154.69 340.25 Td (having ) Tj ET Q q 0 0 0 rg BT 183.92 340.25 Td (received ) Tj ET Q q 0 0 0 rg BT 219.79 340.25 Td (enough ) Tj ET Q q 0 0 0 rg BT 251.24 340.25 Td (bids ) Tj ET Q q 0 0 0 rg BT 269.92 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.70 340.25 Td (be ) Tj ET Q q 0 0 0 rg BT 291.15 340.25 Td (funded. ) Tj ET Q q 0 0 0 rg BT 323.43 340.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 346.54 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.76 340.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 387.78 340.25 Td (has ) Tj ET Q q 0 0 0 rg BT 403.12 340.25 Td (received ) Tj ET Q q 0 0 0 rg BT 438.99 340.25 Td (bids ) Tj ET Q q 0 0 0 rg BT 457.67 340.25 Td (totaling ) Tj ET Q q 0 0 0 rg BT 490.23 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.46 340.25 Td (requested ) Tj ET Q q 0 0 0 rg BT 544.78 340.25 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 85.02 328.25 Td (no ) Tj ET Q q 0 0 0 rg BT 97.55 328.25 Td (further ) Tj ET Q q 0 0 0 rg BT 127.29 328.25 Td (bids ) Tj ET Q q 0 0 0 rg BT 146.49 328.25 Td (can ) Tj ET Q q 0 0 0 rg BT 162.89 328.25 Td (be ) Tj ET Q q 0 0 0 rg BT 174.86 328.25 Td (placed. ) Tj ET Q q 0 0 0 rg BT 205.80 328.25 Td (The ) Tj ET Q q 0 0 0 rg BT 223.87 328.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 266.95 328.25 Td (length ) Tj ET Q q 0 0 0 rg BT 294.48 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.33 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.08 328.25 Td (bidding ) Tj ET Q q 0 0 0 rg BT 353.16 328.25 Td (period ) Tj ET Q q 0 0 0 rg BT 381.24 328.25 Td (is ) Tj ET Q q 0 0 0 rg BT 390.44 328.25 Td (14 ) Tj ET Q q 0 0 0 rg BT 402.97 328.25 Td (days. ) Tj ET Q q 0 0 0 rg BT 426.32 328.25 Td (If ) Tj ET Q q 0 0 0 rg BT 435.51 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.26 328.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 477.79 328.25 Td (does ) Tj ET Q q 0 0 0 rg BT 498.65 328.25 Td (not ) Tj ET Q q 0 0 0 rg BT 513.96 328.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 545.35 328.25 Td (bids ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 74.41 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 84.93 316.25 Td (or ) Tj ET Q q 0 0 0 rg BT 96.02 316.25 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 139.30 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.27 316.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 195.91 316.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 228.65 316.25 Td (required ) Tj ET Q q 0 0 0 rg BT 264.72 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 279.13 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.10 316.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 321.85 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 332.38 316.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 353.46 316.25 Td (by ) Tj ET Q q 0 0 0 rg BT 366.21 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.18 316.25 Td (close ) Tj ET Q q 0 0 0 rg BT 404.48 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.56 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.52 316.25 Td (fourteenth ) Tj ET Q q 0 0 0 rg BT 474.37 316.25 Td (day ) Tj ET Q q 0 0 0 rg BT 491.56 316.25 Td (after ) Tj ET Q q 0 0 0 rg BT 512.62 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.59 316.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 555.35 316.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (posted, ) Tj ET Q q 0 0 0 rg BT 81.11 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.83 304.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 123.33 304.25 Td (will ) Tj ET Q q 0 0 0 rg BT 141.39 304.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 181.65 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.58 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.30 304.25 Td (requested ) Tj ET Q q 0 0 0 rg BT 254.12 304.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 273.83 304.25 Td (will ) Tj ET Q q 0 0 0 rg BT 291.89 304.25 Td (not ) Tj ET Q q 0 0 0 rg BT 307.17 304.25 Td (be ) Tj ET Q q 0 0 0 rg BT 319.11 304.25 Td (funded.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 274.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 128.49 274.25 Td (Loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.60 274.25 Td (If ) Tj ET Q q 0 0 0 rg BT 169.30 274.25 Td (at ) Tj ET Q q 0 0 0 rg BT 179.56 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.81 274.25 Td (end ) Tj ET Q q 0 0 0 rg BT 212.29 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.66 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.92 274.25 Td (bidding ) Tj ET Q q 0 0 0 rg BT 272.52 274.25 Td (period ) Tj ET Q q 0 0 0 rg BT 301.11 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.37 274.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 344.41 274.25 Td (has ) Tj ET Q q 0 0 0 rg BT 360.78 274.25 Td (received ) Tj ET Q q 0 0 0 rg BT 397.69 274.25 Td (bids ) Tj ET Q q 0 0 0 rg BT 417.40 274.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 442.09 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 452.91 274.25 Td (or ) Tj ET Q q 0 0 0 rg BT 464.28 274.25 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 507.86 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.11 274.25 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 83.17 262.25 Td (required ) Tj ET Q q 0 0 0 rg BT 119.66 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.61 262.25 Td (fund, ) Tj ET Q q 0 0 0 rg BT 154.61 262.25 Td (a ) Tj ET Q q 0 0 0 rg BT 162.22 262.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 182.61 262.25 Td (will ) Tj ET Q q 0 0 0 rg BT 201.34 262.25 Td (be ) Tj ET Q q 0 0 0 rg BT 213.95 262.25 Td (made ) Tj ET Q q 0 0 0 rg BT 238.78 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 249.73 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.12 262.25 Td (applicant ) Tj ET Q q 0 0 0 rg BT 304.94 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.90 262.25 Td (an ) Tj ET Q q 0 0 0 rg BT 328.51 262.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 361.67 262.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 386.50 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 397.45 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.84 262.25 Td (total ) Tj ET Q q 0 0 0 rg BT 433.79 262.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 466.96 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.46 262.25 Td (all ) Tj ET Q q 0 0 0 rg BT 491.63 262.25 Td (winning ) Tj ET Q q 0 0 0 rg BT 527.58 262.25 Td (bids. ) Tj ET Q q 0 0 0 rg BT 549.22 262.25 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 91.07 250.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 118.25 250.25 Td (are ) Tj ET Q q 0 0 0 rg BT 133.21 250.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 176.49 250.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 223.68 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.76 250.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 278.05 250.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 321.34 250.25 Td (with ) Tj ET Q q 0 0 0 rg BT 341.87 250.25 Td (a ) Tj ET Q q 0 0 0 rg BT 349.05 250.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 372.35 250.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 404.53 250.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 422.26 250.25 Td (set ) Tj ET Q q 0 0 0 rg BT 436.11 250.25 Td (by ) Tj ET Q q 0 0 0 rg BT 448.86 250.25 Td (us ) Tj ET Q q 0 0 0 rg BT 460.50 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 477.68 250.25 Td (a ) Tj ET Q q 0 0 0 rg BT 484.87 250.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 504.83 250.25 Td (term ) Tj ET Q q 0 0 0 rg BT 525.90 250.25 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (set ) Tj ET Q q 0 0 0 rg BT 63.99 238.25 Td (at ) Tj ET Q q 0 0 0 rg BT 74.09 238.25 Td (three ) Tj ET Q q 0 0 0 rg BT 96.96 238.25 Td (or ) Tj ET Q q 0 0 0 rg BT 108.18 238.25 Td (five ) Tj ET Q q 0 0 0 rg BT 126.61 238.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 153.09 238.25 Td (although ) Tj ET Q q 0 0 0 rg BT 190.97 238.25 Td (we ) Tj ET Q q 0 0 0 rg BT 205.52 238.25 Td (may ) Tj ET Q q 0 0 0 rg BT 225.62 238.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 257.38 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.48 238.25 Td (range ) Tj ET Q q 0 0 0 rg BT 297.58 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.79 238.25 Td (available ) Tj ET Q q 0 0 0 rg BT 347.76 238.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 367.87 238.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 392.97 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 403.63 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.73 238.25 Td (future ) Tj ET Q q 0 0 0 rg BT 445.49 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.16 238.25 Td (between ) Tj ET Q q 0 0 0 rg BT 492.36 238.25 Td (three ) Tj ET Q q 0 0 0 rg BT 515.23 238.25 Td (months ) Tj ET Q q 0 0 0 rg BT 547.56 238.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 75.09 226.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 100.84 226.25 Td (The ) Tj ET Q q 0 0 0 rg BT 118.71 226.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 159.92 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 176.68 226.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 219.55 226.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 257.42 226.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 293.62 226.25 Td (for ) Tj ET Q q 0 0 0 rg BT 307.60 226.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 348.25 226.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 375.00 226.25 Td (are ) Tj ET Q q 0 0 0 rg BT 389.53 226.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 427.95 226.25 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 457.77 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.53 226.25 Td ($35,000, ) Tj ET Q q 0 0 0 rg BT 511.85 226.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.51 226.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (but ) Tj ET Q q 0 0 0 rg BT 65.13 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 75.27 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.84 214.25 Td (future ) Tj ET Q q 0 0 0 rg BT 116.07 214.25 Td (we ) Tj ET Q q 0 0 0 rg BT 130.09 214.25 Td (may ) Tj ET Q q 0 0 0 rg BT 149.66 214.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 178.12 214.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 221.01 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.15 214.25 Td (request ) Tj ET Q q 0 0 0 rg BT 262.38 214.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 285.84 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.97 214.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 333.87 214.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 370.11 214.25 Td (between ) Tj ET Q q 0 0 0 rg BT 405.78 214.25 Td ($500 ) Tj ET Q q 0 0 0 rg BT 428.14 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.93 214.25 Td ($35,000. ) Tj ET Q q 0 0 0 rg BT 481.77 214.25 Td (All ) Tj ET Q q 0 0 0 rg BT 496.90 214.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.58 214.25 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (are ) Tj ET Q q 0 0 0 rg BT 65.46 202.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 109.25 202.25 Td (by ) Tj ET Q q 0 0 0 rg BT 122.26 202.25 Td (W) Tj ET Q q 0 0 0 rg BT 130.90 202.25 Td (ebBank, ) Tj ET Q q 0 0 0 rg BT 167.19 202.25 Td (a ) Tj ET Q q 0 0 0 rg BT 174.88 202.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 208.11 202.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 242.47 202.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 284.59 202.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 336.16 202.25 Td (\("FDIC"\) ) Tj ET Q q 0 0 0 rg BT 377.02 202.25 Td (insured, ) Tj ET Q q 0 0 0 rg BT 412.20 202.25 Td (Utah-chartered ) Tj ET Q q 0 0 0 rg BT 475.41 202.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 516.43 202.25 Td (bank. ) Tj ET Q q 0 0 0 rg BT 540.90 202.25 Td (After ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (originating ) Tj ET Q q 0 0 0 rg BT 95.79 190.25 Td (a ) Tj ET Q q 0 0 0 rg BT 102.13 190.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 142.35 190.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 167.17 190.25 Td (W) Tj ET Q q 0 0 0 rg BT 175.80 190.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 208.26 190.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 227.94 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.28 190.25 Td (assigns ) Tj ET Q q 0 0 0 rg BT 275.08 190.25 Td (such ) Tj ET Q q 0 0 0 rg BT 295.31 190.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 335.54 190.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 361.88 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.56 190.25 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 393.20 190.25 Td (without ) Tj ET Q q 0 0 0 rg BT 425.66 190.25 Td (recourse ) Tj ET Q q 0 0 0 rg BT 461.43 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.97 190.25 Td (W) Tj ET Q q 0 0 0 rg BT 479.61 190.25 Td (ebBank, ) Tj ET Q q 0 0 0 rg BT 514.56 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.25 190.25 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 178.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 116.92 178.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 149.41 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.24 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.96 178.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 215.78 178.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 241.15 178.25 Td (W) Tj ET Q q 0 0 0 rg BT 249.79 178.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 282.83 178.25 Td (has ) Tj ET Q q 0 0 0 rg BT 298.66 178.25 Td (no ) Tj ET Q q 0 0 0 rg BT 311.16 178.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 354.21 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.49 178.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 386.43 178.25 Td (holders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 148.25 Td (For ) Tj ET Q q 0 0 0 rg BT 101.44 148.25 Td (all ) Tj ET Q q 0 0 0 rg BT 112.98 148.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 152.85 148.25 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 181.33 148.25 Td (we ) Tj ET Q q 0 0 0 rg BT 194.54 148.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 219.96 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.73 148.25 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 277.62 148.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 309.72 148.25 Td (against ) Tj ET Q q 0 0 0 rg BT 339.59 148.25 Td (data ) Tj ET Q q 0 0 0 rg BT 357.79 148.25 Td (from ) Tj ET Q q 0 0 0 rg BT 378.78 148.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 419.20 148.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 457.40 148.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 493.37 148.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.36 148.25 Td (other ) Tj ET Q q 0 0 0 rg BT 531.45 148.25 Td (identity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.95 136.25 Td (anti-fraud ) Tj ET Q q 0 0 0 rg BT 106.89 136.25 Td (verification ) Tj ET Q q 0 0 0 rg BT 154.50 136.25 Td (databases. ) Tj ET Q q 0 0 0 rg BT 196.83 136.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 218.89 136.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 249.31 136.25 Td (can ) Tj ET Q q 0 0 0 rg BT 264.70 136.25 Td (be ) Tj ET Q q 0 0 0 rg BT 275.65 136.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 303.28 136.25 Td (without ) Tj ET Q q 0 0 0 rg BT 335.35 136.25 Td (either ) Tj ET Q q 0 0 0 rg BT 359.63 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.48 136.25 Td (us ) Tj ET Q q 0 0 0 rg BT 379.89 136.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 419.17 136.25 Td (any ) Tj ET Q q 0 0 0 rg BT 435.13 136.25 Td (documentation ) Tj ET Q q 0 0 0 rg BT 496.07 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.92 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.65 136.25 Td (applicant's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.97 124.25 Td (to ) Tj ET Q q 0 0 0 rg BT 88.16 124.25 Td (af) Tj ET Q q 0 0 0 rg BT 95.75 124.25 Td (ford ) Tj ET Q q 0 0 0 rg BT 114.83 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.46 124.25 Td (loan. ) Tj ET Q q 0 0 0 rg BT 151.60 124.25 Td (In ) Tj ET Q q 0 0 0 rg BT 162.34 124.25 Td (some ) Tj ET Q q 0 0 0 rg BT 185.87 124.25 Td (instances, ) Tj ET Q q 0 0 0 rg BT 227.44 124.25 Td (we ) Tj ET Q q 0 0 0 rg BT 241.52 124.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 267.81 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.45 124.25 Td (income ) Tj ET Q q 0 0 0 rg BT 314.30 124.25 Td (or ) Tj ET Q q 0 0 0 rg BT 325.04 124.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 377.45 124.25 Td (information ) Tj ET Q q 0 0 0 rg BT 427.08 124.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 465.04 124.25 Td (by ) Tj ET Q q 0 0 0 rg BT 477.46 124.25 Td (applicants ) Tj ET Q q 0 0 0 rg BT 520.42 124.25 Td (in ) Tj ET Q q 0 0 0 rg BT 530.62 124.25 Td (listings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (This ) Tj ET Q q 0 0 0 rg BT 70.29 112.25 Td (verification ) Tj ET Q q 0 0 0 rg BT 118.89 112.25 Td (is ) Tj ET Q q 0 0 0 rg BT 128.07 112.25 Td (normally ) Tj ET Q q 0 0 0 rg BT 166.69 112.25 Td (done ) Tj ET Q q 0 0 0 rg BT 188.64 112.25 Td (after ) Tj ET Q q 0 0 0 rg BT 209.46 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.19 112.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 251.71 112.25 Td (has ) Tj ET Q q 0 0 0 rg BT 267.55 112.25 Td (been ) Tj ET Q q 0 0 0 rg BT 288.94 112.25 Td (created ) Tj ET Q q 0 0 0 rg BT 320.31 112.25 Td (but ) Tj ET Q q 0 0 0 rg BT 335.60 112.25 Td (before ) Tj ET Q q 0 0 0 rg BT 363.65 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.38 112.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 398.10 112.25 Td (is ) Tj ET Q q 0 0 0 rg BT 407.28 112.25 Td (funded, ) Tj ET Q q 0 0 0 rg BT 440.06 112.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.01 112.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 495.61 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.34 112.25 Td (results ) Tj ET Q q 0 0 0 rg BT 538.96 112.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 112.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (verification ) Tj ET Q q 0 0 0 rg BT 97.93 100.25 Td (process ) Tj ET Q q 0 0 0 rg BT 129.76 100.25 Td (are ) Tj ET Q q 0 0 0 rg BT 143.80 100.25 Td (not ) Tj ET Q q 0 0 0 rg BT 158.42 100.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 195.23 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.84 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.90 100.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 237.95 100.25 Td (listings. ) Tj ET Q q 0 0 0 rg BT 271.19 100.25 Td (If ) Tj ET Q q 0 0 0 rg BT 279.69 100.25 Td (we ) Tj ET Q q 0 0 0 rg BT 293.19 100.25 Td (are ) Tj ET Q q 0 0 0 rg BT 307.23 100.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 335.73 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 345.34 100.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 371.06 100.25 Td (material ) Tj ET Q q 0 0 0 rg BT 405.65 100.25 Td (information ) Tj ET Q q 0 0 0 rg BT 454.70 100.25 Td (with ) Tj ET Q q 0 0 0 rg BT 474.32 100.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 504.48 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.09 100.25 Td (an ) Tj ET Q q 0 0 0 rg BT 525.37 100.25 Td (applicant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.46 88.25 Td (listing, ) Tj ET Q q 0 0 0 rg BT 92.10 88.25 Td (we ) Tj ET Q q 0 0 0 rg BT 106.89 88.25 Td (will ) Tj ET Q q 0 0 0 rg BT 125.58 88.25 Td (cancel ) Tj ET Q q 0 0 0 rg BT 154.25 88.25 Td (or ) Tj ET Q q 0 0 0 rg BT 165.71 88.25 Td (refuse ) Tj ET Q q 0 0 0 rg BT 193.27 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.18 88.25 Td (post ) Tj ET Q q 0 0 0 rg BT 223.98 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.33 88.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 267.47 88.25 Td (or ) Tj ET Q q 0 0 0 rg BT 278.93 88.25 Td (cancel ) Tj ET Q q 0 0 0 rg BT 307.60 88.25 Td (any ) Tj ET Q q 0 0 0 rg BT 325.17 88.25 Td (or ) Tj ET Q q 0 0 0 rg BT 336.63 88.25 Td (all ) Tj ET Q q 0 0 0 rg BT 349.76 88.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 407.33 88.25 Td (against ) Tj ET Q q 0 0 0 rg BT 438.78 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.13 88.25 Td (listing. ) Tj ET Q q 0 0 0 rg BT 484.54 88.25 Td (W) Tj ET Q q 0 0 0 rg BT 493.18 88.25 Td (e ) Tj ET Q q 0 0 0 rg BT 500.75 88.25 Td (may ) Tj ET Q q 0 0 0 rg BT 521.10 88.25 Td (also ) Tj ET Q q 0 0 0 rg BT 540.34 88.25 Td (delay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 83.23 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.69 76.25 Td (a ) Tj ET Q q 0 0 0 rg BT 100.26 76.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 140.70 76.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 163.38 76.25 Td (in ) Tj ET Q q 0 0 0 rg BT 173.28 76.25 Td (order ) Tj ET Q q 0 0 0 rg BT 196.51 76.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.41 76.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 232.41 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.76 76.25 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 284.41 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.86 76.25 Td (information ) Tj ET Q q 0 0 0 rg BT 344.20 76.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 381.88 76.25 Td (by ) Tj ET Q q 0 0 0 rg BT 394.00 76.25 Td (an ) Tj ET Q q 0 0 0 rg BT 405.57 76.25 Td (applicant ) Tj ET Q q 0 0 0 rg BT 444.34 76.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.25 76.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 500.25 76.25 Td (with ) Tj ET Q q 0 0 0 rg BT 520.15 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.49 76.25 Td (listing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.21 64.25 Td (to ) Tj ET Q q 0 0 0 rg BT 69.88 64.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 111.74 64.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 145.83 64.25 Td (there ) Tj ET Q q 0 0 0 rg BT 167.71 64.25 Td (are ) Tj ET Q q 0 0 0 rg BT 181.80 64.25 Td (any ) Tj ET Q q 0 0 0 rg BT 198.12 64.25 Td (irregularities ) Tj ET Q q 0 0 0 rg BT 251.09 64.25 Td (with ) Tj ET Q q 0 0 0 rg BT 270.76 64.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 300.96 64.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.62 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.72 64.25 Td (listing. ) Tj ET Q q 0 0 0 rg BT 354.11 64.25 Td (If ) Tj ET Q q 0 0 0 rg BT 362.66 64.25 Td (we ) Tj ET Q q 0 0 0 rg BT 376.20 64.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 409.19 64.25 Td (material ) Tj ET Q q 0 0 0 rg BT 443.83 64.25 Td (misstatements ) Tj ET Q q 0 0 0 rg BT 502.38 64.25 Td (or ) Tj ET Q q 0 0 0 rg BT 512.59 64.25 Td (inaccuracies ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.23 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.90 742.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 99.36 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 109.14 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.37 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 140.37 742.10 Td (information ) Tj ET Q q 0 0 0 rg BT 189.04 742.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 226.04 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 237.49 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.16 742.10 Td (applicant, ) Tj ET Q q 0 0 0 rg BT 291.76 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 304.87 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 321.88 742.10 Td (cancel ) Tj ET Q q 0 0 0 rg BT 348.87 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.54 742.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 388.99 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 398.78 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 427.43 742.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 448.60 742.10 Td (See ) Tj ET Q q 0 0 0 rg BT 464.49 742.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 495.03 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.70 742.10 Td (Marketplace-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.82 730.10 Td (Identity ) Tj ET Q q 0 0 0 rg BT 124.42 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.36 730.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 181.07 730.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 231.16 730.10 Td (V) Tj ET Q q 0 0 0 rg BT 237.27 730.10 Td (erification.") Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.77 700.10 Td (Notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.26 700.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 150.12 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.77 700.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 192.64 700.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 219.19 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.28 700.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 256.72 700.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.82 700.10 Td (series ) Tj ET Q q 0 0 0 rg BT 289.24 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.23 700.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 326.22 700.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.54 700.10 Td (each ) Tj ET Q q 0 0 0 rg BT 361.52 700.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 402.49 700.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 425.70 700.10 Td (that ) Tj ET Q q 0 0 0 rg BT 443.35 700.10 Td (is ) Tj ET Q q 0 0 0 rg BT 452.68 700.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 483.11 700.10 Td (on ) Tj ET Q q 0 0 0 rg BT 495.77 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.64 700.10 Td (marketplace. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.96 688.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 93.70 688.10 Td (are ) Tj ET Q q 0 0 0 rg BT 108.32 688.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 127.40 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.59 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.22 688.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 190.74 688.10 Td (who ) Tj ET Q q 0 0 0 rg BT 210.37 688.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 261.66 688.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 276.85 688.10 Td (on ) Tj ET Q q 0 0 0 rg BT 289.26 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.88 688.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 363.50 688.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 404.23 688.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 427.19 688.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 454.61 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.80 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.43 688.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 517.38 688.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 553.68 688.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (their ) Tj ET Q q 0 0 0 rg BT 71.10 676.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 114.42 676.10 Td (bids. ) Tj ET Q q 0 0 0 rg BT 136.37 676.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 159.13 676.10 Td (series ) Tj ET Q q 0 0 0 rg BT 184.68 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.79 676.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 221.90 676.10 Td (is ) Tj ET Q q 0 0 0 rg BT 231.35 676.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 275.22 676.10 Td (for ) Tj ET Q q 0 0 0 rg BT 289.66 676.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 326.88 676.10 Td (on ) Tj ET Q q 0 0 0 rg BT 339.66 676.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 380.76 676.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 397.62 676.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.40 676.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 435.94 676.10 Td (on ) Tj ET Q q 0 0 0 rg BT 448.71 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.71 676.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 523.70 676.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 75.55 664.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 92.41 664.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.91 664.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 114.63 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.35 664.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 167.38 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.21 664.10 Td (each ) Tj ET Q q 0 0 0 rg BT 199.03 664.10 Td (series ) Tj ET Q q 0 0 0 rg BT 224.30 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.13 664.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 260.96 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.24 664.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 309.27 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.99 664.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 383.70 664.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 424.52 664.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 447.56 664.10 Td (from ) Tj ET Q q 0 0 0 rg BT 469.32 664.10 Td (W) Tj ET Q q 0 0 0 rg BT 477.96 664.10 Td (ebBank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.01 634.10 Td (will ) Tj ET Q q 0 0 0 rg BT 122.72 634.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 139.31 634.10 Td (each ) Tj ET Q q 0 0 0 rg BT 159.77 634.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 181.36 634.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 209.06 634.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 246.75 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.34 634.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 294.92 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 307.07 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.44 634.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 343.02 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.95 634.10 Td (an ) Tj ET Q q 0 0 0 rg BT 364.54 634.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 396.69 634.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 420.49 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.42 634.10 Td (each ) Tj ET Q q 0 0 0 rg BT 450.88 634.10 Td (such ) Tj ET Q q 0 0 0 rg BT 471.36 634.10 Td (Note's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 498.65 634.10 Td (pr) Tj ET Q q 0 0 0 rg BT 507.17 634.10 Td (o ) Tj ET Q q 0 0 0 rg BT 514.32 634.10 Td (rata ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.14 634.10 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.76 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.41 622.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 113.38 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.24 622.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 162.11 622.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 205.36 622.10 Td (if ) Tj ET Q q 0 0 0 rg BT 213.90 622.10 Td (any) Tj ET Q q 0 0 0 rg BT 227.69 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 232.62 622.10 Td (that ) Tj ET Q q 0 0 0 rg BT 250.04 622.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 266.90 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.33 622.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 304.51 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 316.94 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.59 622.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 391.23 622.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 431.98 622.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 457.45 622.10 Td (net ) Tj ET Q q 0 0 0 rg BT 472.10 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.86 622.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 508.21 622.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 547.29 622.10 Td (fee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.49 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 85.21 610.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 123.36 610.10 Td (set ) Tj ET Q q 0 0 0 rg BT 136.52 610.10 Td (at ) Tj ET Q q 0 0 0 rg BT 145.79 610.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 161.17 610.10 Td (per ) Tj ET Q q 0 0 0 rg BT 175.99 610.10 Td (annum ) Tj ET Q q 0 0 0 rg BT 205.26 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.64 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.91 610.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 278.63 610.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 316.22 610.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 348.81 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.19 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.46 610.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 432.72 610.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 473.09 610.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 495.69 610.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 517.18 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.01 610.10 Td (applying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.40 598.10 Td (current ) Tj ET Q q 0 0 0 rg BT 94.89 598.10 Td (payment. ) Tj ET Q q 0 0 0 rg BT 134.00 598.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 150.86 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.04 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 172.44 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.40 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.79 598.10 Td (future ) Tj ET Q q 0 0 0 rg BT 222.85 598.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 257.78 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.18 598.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 311.01 598.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 325.40 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.36 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 341.97 598.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 387.45 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 404.63 598.10 Td (is ) Tj ET Q q 0 0 0 rg BT 413.48 598.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 443.41 598.10 Td (than ) Tj ET Q q 0 0 0 rg BT 462.81 598.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 478.32 598.10 Td (but ) Tj ET Q q 0 0 0 rg BT 493.27 598.10 Td (less ) Tj ET Q q 0 0 0 rg BT 510.45 598.10 Td (than ) Tj ET Q q 0 0 0 rg BT 529.85 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 540.36 598.10 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.36 586.10 Td (3% ) Tj ET Q q 0 0 0 rg BT 76.28 586.10 Td (per ) Tj ET Q q 0 0 0 rg BT 91.63 586.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 123.36 586.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 143.17 586.10 Td (change ) Tj ET Q q 0 0 0 rg BT 174.07 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.43 586.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 209.94 586.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 249.18 586.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 263.97 586.10 Td (will ) Tj ET Q q 0 0 0 rg BT 282.11 586.10 Td (only ) Tj ET Q q 0 0 0 rg BT 302.47 586.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 327.28 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.64 586.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 363.55 586.10 Td (of) Tj ET Q q 0 0 0 rg BT 371.70 586.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 394.82 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.85 586.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 431.10 586.10 Td (after ) Tj ET Q q 0 0 0 rg BT 452.00 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.80 586.10 Td (date ) Tj ET Q q 0 0 0 rg BT 486.04 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.96 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.76 586.10 Td (change. ) Tj ET Q q 0 0 0 rg BT 545.16 586.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.02 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.05 574.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 84.99 574.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 106.92 574.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 138.86 574.10 Td (any ) Tj ET Q q 0 0 0 rg BT 155.79 574.10 Td (other ) Tj ET Q q 0 0 0 rg BT 178.84 574.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 215.22 574.10 Td (it ) Tj ET Q q 0 0 0 rg BT 223.27 574.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 258.52 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 271.02 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.73 574.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 345.44 574.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 386.25 574.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 415.69 574.10 Td (including ) Tj ET Q q 0 0 0 rg BT 455.96 574.10 Td (late ) Tj ET Q q 0 0 0 rg BT 472.89 574.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 491.48 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.42 574.10 Td (prepayments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.41 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.27 562.10 Td (its ) Tj ET Q q 0 0 0 rg BT 101.80 562.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 140.54 562.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 157.33 562.10 Td (except ) Tj ET Q q 0 0 0 rg BT 185.50 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 202.58 562.10 Td (it ) Tj ET Q q 0 0 0 rg BT 210.22 562.10 Td (will ) Tj ET Q q 0 0 0 rg BT 227.86 562.10 Td (not ) Tj ET Q q 0 0 0 rg BT 242.72 562.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 259.24 562.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 280.76 562.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 312.28 562.10 Td (any ) Tj ET Q q 0 0 0 rg BT 328.80 562.10 Td (non-suf) Tj ET Q q 0 0 0 rg BT 359.17 562.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 386.80 562.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 411.10 562.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 429.28 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 443.03 562.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 467.87 562.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 506.61 562.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 547.01 562.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (it ) Tj ET Q q 0 0 0 rg BT 58.78 550.10 Td (receives. ) Tj ET Q q 0 0 0 rg BT 97.26 550.10 Td (In ) Tj ET Q q 0 0 0 rg BT 108.81 550.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 147.31 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.75 550.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 188.20 550.10 Td (available ) Tj ET Q q 0 0 0 rg BT 227.51 550.10 Td (for ) Tj ET Q q 0 0 0 rg BT 242.39 550.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 280.05 550.10 Td (on ) Tj ET Q q 0 0 0 rg BT 293.28 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.72 550.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 335.27 550.10 Td (will ) Tj ET Q q 0 0 0 rg BT 354.05 550.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.71 550.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 401.58 550.10 Td (by ) Tj ET Q q 0 0 0 rg BT 414.81 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.25 550.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 463.47 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.02 550.10 Td (any ) Tj ET Q q 0 0 0 rg BT 492.69 550.10 Td (attorneys' ) Tj ET Q q 0 0 0 rg BT 534.37 550.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 553.69 550.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 92.73 538.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 112.12 538.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 135.15 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.89 538.10 Td (third- ) Tj ET Q q 0 0 0 rg BT 168.40 538.10 Td (party ) Tj ET Q q 0 0 0 rg BT 192.25 538.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 227.19 538.10 Td (or ) Tj ET Q q 0 0 0 rg BT 238.82 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.55 538.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 289.28 538.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 320.89 538.10 Td (imposes ) Tj ET Q q 0 0 0 rg BT 356.97 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.04 538.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 415.21 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 436.29 538.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 479.01 538.10 Td (ef) Tj ET Q q 0 0 0 rg BT 486.60 538.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 508.23 538.10 Td (related ) Tj ET Q q 0 0 0 rg BT 538.73 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 109.44 526.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 148.32 526.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 170.27 526.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 239.17 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.62 526.10 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 297.23 526.10 Td (no ) Tj ET Q q 0 0 0 rg BT 309.46 526.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 350.02 526.10 Td (will ) Tj ET Q q 0 0 0 rg BT 367.81 526.10 Td (be ) Tj ET Q q 0 0 0 rg BT 379.48 526.10 Td (made ) Tj ET Q q 0 0 0 rg BT 403.37 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.60 526.10 Td (any ) Tj ET Q q 0 0 0 rg BT 432.27 526.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 453.95 526.10 Td (after ) Tj ET Q q 0 0 0 rg BT 474.49 526.10 Td (its ) Tj ET Q q 0 0 0 rg BT 486.18 526.10 Td (final ) Tj ET Q q 0 0 0 rg BT 506.73 526.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 542.85 526.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (See ) Tj ET Q q 0 0 0 rg BT 66.94 514.10 Td ("The ) Tj ET Q q 0 0 0 rg BT 89.07 514.10 Td (Of) Tj ET Q q 0 0 0 rg BT 99.44 514.10 Td (fering-Final ) Tj ET Q q 0 0 0 rg BT 149.70 514.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 186.08 514.10 Td (date/Extension ) Tj ET Q q 0 0 0 rg BT 248.01 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.84 514.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 295.22 514.10 Td (date.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 484.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 113.05 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.32 484.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 170.19 484.10 Td (if ) Tj ET Q q 0 0 0 rg BT 178.36 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 184.85 484.10 Td ("Repurchase ) Tj ET Q q 0 0 0 rg BT 237.64 484.10 Td (Event" ) Tj ET Q q 0 0 0 rg BT 267.10 484.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 295.26 484.10 Td (with ) Tj ET Q q 0 0 0 rg BT 315.10 484.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 345.47 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.30 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.80 484.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 385.79 484.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 402.65 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.71 484.10 Td (will, ) Tj ET Q q 0 0 0 rg BT 424.83 484.10 Td (at ) Tj ET Q q 0 0 0 rg BT 434.10 484.10 Td (its ) Tj ET Q q 0 0 0 rg BT 445.60 484.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 463.77 484.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 493.88 484.10 Td (either ) Tj ET Q q 0 0 0 rg BT 518.71 484.10 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.82 472.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 86.87 472.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.91 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.73 472.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 151.88 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 162.82 472.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 206.53 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.35 472.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 249.50 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.43 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.26 472.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 297.30 472.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.56 472.10 Td (any ) Tj ET Q q 0 0 0 rg BT 328.61 472.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 355.10 472.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 392.71 472.10 Td (from ) Tj ET Q q 0 0 0 rg BT 414.75 472.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 466.79 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.72 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.54 472.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 514.59 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.52 472.10 Td (from ) Tj ET Q q 0 0 0 rg BT 547.57 472.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (claim, ) Tj ET Q q 0 0 0 rg BT 77.06 460.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 111.07 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 121.75 460.10 Td (defense ) Tj ET Q q 0 0 0 rg BT 154.64 460.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 184.21 460.10 Td (as ) Tj ET Q q 0 0 0 rg BT 194.90 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 201.69 460.10 Td (result ) Tj ET Q q 0 0 0 rg BT 226.26 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.94 460.10 Td (such ) Tj ET Q q 0 0 0 rg BT 257.62 460.10 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 306.62 460.10 Td (Event. ) Tj ET Q q 0 0 0 rg BT 334.28 460.10 Td (A) Tj ET Q q 0 0 0 rg BT 340.95 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.30 460.10 Td ("Repurchase ) Tj ET Q q 0 0 0 rg BT 396.38 460.10 Td (Event" ) Tj ET Q q 0 0 0 rg BT 426.14 460.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 454.59 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 474.72 460.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 505.39 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.52 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.31 460.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 544.10 460.10 Td (if ) Tj ET Q q 0 0 0 rg BT 552.56 460.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.18 448.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 90.48 448.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 119.89 448.10 Td (dif) Tj ET Q q 0 0 0 rg BT 130.82 448.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 156.88 448.10 Td (from ) Tj ET Q q 0 0 0 rg BT 179.06 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.02 448.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 227.31 448.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 256.72 448.10 Td (actually ) Tj ET Q q 0 0 0 rg BT 291.12 448.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 334.39 448.10 Td (by ) Tj ET Q q 0 0 0 rg BT 347.13 448.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 363.99 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.74 448.10 Td (was ) Tj ET Q q 0 0 0 rg BT 385.03 448.10 Td (included ) Tj ET Q q 0 0 0 rg BT 422.21 448.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.73 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.70 448.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 475.44 448.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.85 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.81 448.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.68 436.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 113.58 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.38 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.95 436.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 176.74 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.43 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.00 436.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 229.91 436.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.04 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.62 436.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 276.42 436.10 Td (is ) Tj ET Q q 0 0 0 rg BT 285.44 436.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 328.34 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.13 436.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 385.81 436.10 Td (af) Tj ET Q q 0 0 0 rg BT 393.39 436.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 422.67 436.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 437.25 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.04 436.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 476.95 436.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 505.98 436.10 Td (dif) Tj ET Q q 0 0 0 rg BT 516.90 436.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 542.58 436.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.31 424.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 96.95 424.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 125.71 424.10 Td (that ) Tj ET Q q 0 0 0 rg BT 142.79 424.10 Td (should ) Tj ET Q q 0 0 0 rg BT 171.56 424.10 Td (have ) Tj ET Q q 0 0 0 rg BT 192.52 424.10 Td (appeared ) Tj ET Q q 0 0 0 rg BT 230.70 424.10 Td (was ) Tj ET Q q 0 0 0 rg BT 248.34 424.10 Td (included ) Tj ET Q q 0 0 0 rg BT 284.87 424.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.74 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.04 424.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 336.14 424.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.89 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.20 424.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 423.50 424.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 463.91 424.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 486.55 424.10 Td (because ) Tj ET Q q 0 0 0 rg BT 520.29 424.10 Td (either ) Tj ET Q q 0 0 0 rg BT 545.14 424.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.00 424.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (inaccurately ) Tj ET Q q 0 0 0 rg BT 101.46 412.10 Td (input ) Tj ET Q q 0 0 0 rg BT 124.61 412.10 Td (data ) Tj ET Q q 0 0 0 rg BT 143.87 412.10 Td (into, ) Tj ET Q q 0 0 0 rg BT 164.53 412.10 Td (or ) Tj ET Q q 0 0 0 rg BT 175.46 412.10 Td (inaccurately ) Tj ET Q q 0 0 0 rg BT 226.91 412.10 Td (applied, ) Tj ET Q q 0 0 0 rg BT 261.45 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.26 412.10 Td (formula ) Tj ET Q q 0 0 0 rg BT 310.52 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 324.78 412.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 375.70 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.52 412.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 423.67 412.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 452.93 412.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 472.47 412.10 Td (as ) Tj ET Q q 0 0 0 rg BT 483.40 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.44 412.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 517.76 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.58 412.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.97 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.83 400.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 104.01 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.43 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.28 400.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 151.36 400.10 Td (is ) Tj ET Q q 0 0 0 rg BT 160.67 400.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 203.85 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.93 400.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 261.88 400.10 Td (af) Tj ET Q q 0 0 0 rg BT 269.47 400.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 299.03 400.10 Td (or ) Tj ET Q q 0 0 0 rg BT 310.00 400.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 327.63 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.49 400.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 402.34 400.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 443.30 400.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 466.48 400.10 Td (was ) Tj ET Q q 0 0 0 rg BT 484.67 400.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 521.75 400.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.71 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.79 400.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.32 388.10 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 100.62 388.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 133.71 388.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 154.02 388.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.01 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.21 388.10 Td (part ) Tj ET Q q 0 0 0 rg BT 197.74 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.06 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.27 388.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 263.13 388.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 301.77 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.19 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.62 388.10 Td (material ) Tj ET Q q 0 0 0 rg BT 359.37 388.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 395.79 388.10 Td (default ) Tj ET Q q 0 0 0 rg BT 425.54 388.10 Td (under ) Tj ET Q q 0 0 0 rg BT 450.29 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.50 388.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 523.69 388.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 73.05 376.10 Td (has ) Tj ET Q q 0 0 0 rg BT 88.88 376.10 Td (occurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 346.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 112.69 346.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 137.31 346.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 171.23 346.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 218.47 346.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 264.31 346.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 281.17 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.86 346.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 325.10 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.24 346.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 377.36 346.10 Td (that ) Tj ET Q q 0 0 0 rg BT 394.06 346.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 405.19 346.10 Td (if ) Tj ET Q q 0 0 0 rg BT 413.00 346.10 Td (an ) Tj ET Q q 0 0 0 rg BT 424.14 346.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 458.05 346.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 476.97 346.10 Td (an ) Tj ET Q q 0 0 0 rg BT 488.11 346.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 531.46 346.10 Td (bidding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 67.61 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 78.00 334.10 Td (order ) Tj ET Q q 0 0 0 rg BT 101.15 334.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 142.08 334.10 Td (service ) Tj ET Q q 0 0 0 rg BT 172.45 334.10 Td (of) Tj ET Q q 0 0 0 rg BT 180.60 334.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 203.19 334.10 Td (by ) Tj ET Q q 0 0 0 rg BT 215.25 334.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 237.04 334.10 Td (such ) Tj ET Q q 0 0 0 rg BT 257.42 334.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.35 334.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 289.41 334.10 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 318.40 334.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 344.90 334.10 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 373.89 334.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 415.93 334.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 462.42 334.10 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 502.79 334.10 Td (known ) Tj ET Q q 0 0 0 rg BT 532.07 334.10 Td (as ) Tj ET Q q 0 0 0 rg BT 542.00 334.10 Td (Auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 77.24 322.10 Td (Invest\) ) Tj ET Q q 0 0 0 rg BT 107.80 322.10 Td (or ) Tj ET Q q 0 0 0 rg BT 118.93 322.10 Td (Premier) Tj ET Q q 0 0 0 rg BT 150.18 322.10 Td (, ) Tj ET Q q 0 0 0 rg BT 155.48 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.05 322.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 199.96 322.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 226.08 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 240.54 322.10 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 281.37 322.10 Td (each ) Tj ET Q q 0 0 0 rg BT 302.49 322.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 324.72 322.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 368.05 322.10 Td (will ) Tj ET Q q 0 0 0 rg BT 386.41 322.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 423.08 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.66 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.67 322.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 495.35 322.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 526.46 322.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.03 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.27 310.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 110.52 310.10 Td (through ) Tj ET Q q 0 0 0 rg BT 143.66 310.10 Td (such ) Tj ET Q q 0 0 0 rg BT 164.02 310.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 181.60 310.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.96 310.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 224.80 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.27 310.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 254.96 310.10 Td (each ) Tj ET Q q 0 0 0 rg BT 275.31 310.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 296.77 310.10 Td (that ) Tj ET Q q 0 0 0 rg BT 313.80 310.10 Td (an ) Tj ET Q q 0 0 0 rg BT 325.26 310.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 359.51 310.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 400.97 310.10 Td (from ) Tj ET Q q 0 0 0 rg BT 422.43 310.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 439.29 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.32 310.10 Td (will ) Tj ET Q q 0 0 0 rg BT 458.91 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 470.38 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.18 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.43 310.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 532.00 310.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.01 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.90 298.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 91.36 298.10 Td (such ) Tj ET Q q 0 0 0 rg BT 112.36 298.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 147.26 298.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 176.03 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.15 298.10 Td (will ) Tj ET Q q 0 0 0 rg BT 211.38 298.10 Td (correspond ) Tj ET Q q 0 0 0 rg BT 258.48 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.94 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.83 298.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 324.83 298.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 348.06 298.10 Td (on ) Tj ET Q q 0 0 0 rg BT 360.73 298.10 Td (which ) Tj ET Q q 0 0 0 rg BT 387.85 298.10 Td (such ) Tj ET Q q 0 0 0 rg BT 408.86 298.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 443.75 298.10 Td (bid. ) Tj ET Q q 0 0 0 rg BT 461.71 298.10 Td (If ) Tj ET Q q 0 0 0 rg BT 471.04 298.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 487.90 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.58 298.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 528.23 298.10 Td (either ) Tj ET Q q 0 0 0 rg BT 553.67 298.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.93 286.10 Td (representations ) Tj ET Q q 0 0 0 rg BT 135.85 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.68 286.10 Td (warranties ) Tj ET Q q 0 0 0 rg BT 196.71 286.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 216.04 286.10 Td (as ) Tj ET Q q 0 0 0 rg BT 226.75 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.58 286.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 260.68 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.28 286.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 297.11 286.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 316.17 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.33 286.10 Td (an ) Tj ET Q q 0 0 0 rg BT 338.16 286.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 372.76 286.10 Td (is ) Tj ET Q q 0 0 0 rg BT 381.82 286.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 424.74 286.10 Td (dif) Tj ET Q q 0 0 0 rg BT 435.67 286.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 461.37 286.10 Td (from ) Tj ET Q q 0 0 0 rg BT 483.20 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.80 286.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 519.62 286.10 Td (that ) Tj ET Q q 0 0 0 rg BT 537.01 286.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.56 274.10 Td (been ) Tj ET Q q 0 0 0 rg BT 93.12 274.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 112.47 274.10 Td (had ) Tj ET Q q 0 0 0 rg BT 129.59 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.49 274.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 173.82 274.10 Td (not ) Tj ET Q q 0 0 0 rg BT 189.28 274.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 226.94 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 237.96 274.10 Td (if ) Tj ET Q q 0 0 0 rg BT 246.75 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.65 274.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 296.55 274.10 Td (would ) Tj ET Q q 0 0 0 rg BT 324.23 274.10 Td (not ) Tj ET Q q 0 0 0 rg BT 339.69 274.10 Td (have ) Tj ET Q q 0 0 0 rg BT 361.25 274.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 404.47 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.37 274.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 441.49 274.10 Td (at ) Tj ET Q q 0 0 0 rg BT 451.39 274.10 Td (all ) Tj ET Q q 0 0 0 rg BT 464.07 274.10 Td (absent ) Tj ET Q q 0 0 0 rg BT 492.30 274.10 Td (such ) Tj ET Q q 0 0 0 rg BT 513.32 274.10 Td (breach, ) Tj ET Q q 0 0 0 rg BT 545.14 274.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.00 274.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (will, ) Tj ET Q q 0 0 0 rg BT 70.55 262.10 Td (at ) Tj ET Q q 0 0 0 rg BT 80.27 262.10 Td (its ) Tj ET Q q 0 0 0 rg BT 92.21 262.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 110.82 262.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 141.37 262.10 Td (either ) Tj ET Q q 0 0 0 rg BT 166.63 262.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 210.23 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.94 262.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 259.66 262.10 Td (from ) Tj ET Q q 0 0 0 rg BT 281.59 262.10 Td (any ) Tj ET Q q 0 0 0 rg BT 298.53 262.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 324.92 262.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 362.41 262.10 Td (from ) Tj ET Q q 0 0 0 rg BT 384.34 262.10 Td (such ) Tj ET Q q 0 0 0 rg BT 405.17 262.10 Td (breach, ) Tj ET Q q 0 0 0 rg BT 436.81 262.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 482.61 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.33 262.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 519.26 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 530.09 262.10 Td (cure ) Tj ET Q q 0 0 0 rg BT 549.79 262.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (breach, ) Tj ET Q q 0 0 0 rg BT 80.75 250.10 Td (if ) Tj ET Q q 0 0 0 rg BT 88.46 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.28 250.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 130.53 250.10 Td (is ) Tj ET Q q 0 0 0 rg BT 138.81 250.10 Td (susceptible ) Tj ET Q q 0 0 0 rg BT 184.84 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.23 250.10 Td (cure. ) Tj ET Q q 0 0 0 rg BT 215.54 250.10 Td (If ) Tj ET Q q 0 0 0 rg BT 223.80 250.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 240.66 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.27 250.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 278.85 250.10 Td (any ) Tj ET Q q 0 0 0 rg BT 294.89 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.82 250.10 Td (its ) Tj ET Q q 0 0 0 rg BT 315.87 250.10 Td (other ) Tj ET Q q 0 0 0 rg BT 338.02 250.10 Td (representations ) Tj ET Q q 0 0 0 rg BT 400.16 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.20 250.10 Td (warranties ) Tj ET Q q 0 0 0 rg BT 459.45 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.84 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.66 250.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 516.48 250.10 Td (registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.73 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.25 238.10 Td (such ) Tj ET Q q 0 0 0 rg BT 133.67 238.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 163.40 238.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 207.03 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.55 238.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 265.96 238.10 Td (af) Tj ET Q q 0 0 0 rg BT 273.55 238.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 295.51 238.10 Td (an ) Tj ET Q q 0 0 0 rg BT 308.04 238.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 349.03 238.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 381.55 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.42 238.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.95 238.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 424.97 238.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 441.83 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.92 238.10 Td (will, ) Tj ET Q q 0 0 0 rg BT 466.06 238.10 Td (at ) Tj ET Q q 0 0 0 rg BT 476.37 238.10 Td (its ) Tj ET Q q 0 0 0 rg BT 488.90 238.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 508.10 238.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 539.24 238.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 93.83 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.77 226.10 Td (investor) Tj ET Q q 0 0 0 rg BT 140.58 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 145.81 226.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 191.84 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.78 226.10 Td (af) Tj ET Q q 0 0 0 rg BT 214.37 226.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 241.51 226.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 263.67 226.10 Td (from ) Tj ET Q q 0 0 0 rg BT 285.84 226.10 Td (such ) Tj ET Q q 0 0 0 rg BT 306.89 226.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 341.83 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 352.88 226.10 Td (cure ) Tj ET Q q 0 0 0 rg BT 372.82 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.76 226.10 Td (breach. ) Tj ET Q q 0 0 0 rg BT 419.63 226.10 Td (If ) Tj ET Q q 0 0 0 rg BT 429.01 226.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 445.87 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.59 226.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 498.51 226.10 Td (any ) Tj ET Q q 0 0 0 rg BT 515.68 226.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 544.23 226.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (will ) Tj ET Q q 0 0 0 rg BT 69.49 214.10 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 123.95 214.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 171.18 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.33 214.10 Td (related ) Tj ET Q q 0 0 0 rg BT 218.46 214.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 240.17 214.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 296.31 214.10 Td (Right ) Tj ET Q q 0 0 0 rg BT 322.46 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 338.05 214.10 Td (zero ) Tj ET Q q 0 0 0 rg BT 359.19 214.10 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 419.49 214.10 Td (For ) Tj ET Q q 0 0 0 rg BT 437.31 214.10 Td (more ) Tj ET Q q 0 0 0 rg BT 461.79 214.10 Td (information ) Tj ET Q q 0 0 0 rg BT 512.93 214.10 Td (about ) Tj ET Q q 0 0 0 rg BT 539.08 214.10 Td (PFL's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 98.11 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.35 202.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 185.47 202.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 234.71 202.10 Td (under ) Tj ET Q q 0 0 0 rg BT 262.28 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.30 202.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 321.87 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.11 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.13 202.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 395.15 202.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 445.49 202.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 498.33 202.10 Td (see ) Tj ET Q q 0 0 0 rg BT 515.90 202.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 549.78 202.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Marketplace-Note ) Tj ET Q q 0 0 0 rg BT 125.24 190.10 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 174.38 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.32 190.10 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 257.69 190.10 Td (Obligations.") Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 160.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 108.29 160.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 166.13 160.10 Td (Rights. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.71 160.10 Td (The ) Tj ET Q q 0 0 0 rg BT 217.65 160.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 238.83 160.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 294.43 160.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 323.94 160.10 Td (are ) Tj ET Q q 0 0 0 rg BT 339.54 160.10 Td ("investment ) Tj ET Q q 0 0 0 rg BT 390.90 160.10 Td (contracts" ) Tj ET Q q 0 0 0 rg BT 434.48 160.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 462.87 160.10 Td (by ) Tj ET Q q 0 0 0 rg BT 476.27 160.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 497.45 160.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 531.39 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 542.56 160.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (holders. ) Tj ET Q q 0 0 0 rg BT 84.20 148.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.19 148.10 Td (phrase ) Tj ET Q q 0 0 0 rg BT 130.73 148.10 Td ("investment ) Tj ET Q q 0 0 0 rg BT 181.14 148.10 Td (contract" ) Tj ET Q q 0 0 0 rg BT 219.86 148.10 Td (is ) Tj ET Q q 0 0 0 rg BT 228.97 148.10 Td (a ) Tj ET Q q 0 0 0 rg BT 235.85 148.10 Td (concept ) Tj ET Q q 0 0 0 rg BT 269.39 148.10 Td (under ) Tj ET Q q 0 0 0 rg BT 294.60 148.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 324.79 148.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 365.00 148.10 Td (law ) Tj ET Q q 0 0 0 rg BT 381.88 148.10 Td (that ) Tj ET Q q 0 0 0 rg BT 399.32 148.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 424.52 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.74 148.10 Td (an ) Tj ET Q q 0 0 0 rg BT 446.62 148.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 499.03 148.10 Td (where ) Tj ET Q q 0 0 0 rg BT 525.90 148.10 Td (investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 76.47 136.10 Td (money ) Tj ET Q q 0 0 0 rg BT 106.27 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.63 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.65 136.10 Td (common ) Tj ET Q q 0 0 0 rg BT 161.23 136.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 203.24 136.10 Td (with ) Tj ET Q q 0 0 0 rg BT 223.60 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.40 136.10 Td (expectation ) Tj ET Q q 0 0 0 rg BT 287.07 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.98 136.10 Td (profits, ) Tj ET Q q 0 0 0 rg BT 329.17 136.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 368.97 136.10 Td (from ) Tj ET Q q 0 0 0 rg BT 390.99 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.79 136.10 Td (ef) Tj ET Q q 0 0 0 rg BT 413.38 136.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 434.29 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.21 136.10 Td (others. ) Tj ET Q q 0 0 0 rg BT 474.73 136.10 Td (Here, ) Tj ET Q q 0 0 0 rg BT 499.24 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.04 136.10 Td ("investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (contracts" ) Tj ET Q q 0 0 0 rg BT 92.65 124.10 Td (that ) Tj ET Q q 0 0 0 rg BT 110.11 124.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 130.37 124.10 Td (is ) Tj ET Q q 0 0 0 rg BT 139.51 124.10 Td (registering ) Tj ET Q q 0 0 0 rg BT 184.74 124.10 Td (as ) Tj ET Q q 0 0 0 rg BT 195.54 124.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 215.80 124.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 270.47 124.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 299.06 124.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 320.41 124.10 Td (from ) Tj ET Q q 0 0 0 rg BT 342.31 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.00 124.10 Td (services ) Tj ET Q q 0 0 0 rg BT 391.68 124.10 Td (that ) Tj ET Q q 0 0 0 rg BT 409.15 124.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 429.40 124.10 Td (has ) Tj ET Q q 0 0 0 rg BT 445.20 124.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 483.22 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.13 124.10 Td (will ) Tj ET Q q 0 0 0 rg BT 518.15 124.10 Td (provide, ) Tj ET Q q 0 0 0 rg BT 553.67 124.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (described ) Tj ET Q q 0 0 0 rg BT 91.53 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.51 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.23 112.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 180.29 112.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 230.42 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.85 112.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 289.87 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.30 112.10 Td (Investor ) Tj ET Q q 0 0 0 rg BT 341.28 112.10 Td (Registration ) Tj ET Q q 0 0 0 rg BT 392.66 112.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 442.80 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.45 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.44 112.10 Td (this ) Tj ET Q q 0 0 0 rg BT 489.10 112.10 Td (prospectus, ) Tj ET Q q 0 0 0 rg BT 537.57 112.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (services ) Tj ET Q q 0 0 0 rg BT 84.71 100.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 119.14 100.10 Td (but ) Tj ET Q q 0 0 0 rg BT 134.42 100.10 Td (are ) Tj ET Q q 0 0 0 rg BT 149.13 100.10 Td (not ) Tj ET Q q 0 0 0 rg BT 164.40 100.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 195.23 100.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 64.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 64.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 167.42 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.36 64.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 224.62 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.45 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.17 64.10 Td (marketplace;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 46.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 46.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 161.59 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.42 46.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 211.57 46.10 Td (information;) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 157.15 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.09 742.10 Td (validation ) Tj ET Q q 0 0 0 rg BT 216.58 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.41 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.13 742.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 275.18 742.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 300.45 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.38 742.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 350.44 742.10 Td (Rating;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 724.10 Td (remitting ) Tj ET Q q 0 0 0 rg BT 152.16 724.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 191.31 724.10 Td (payments; ) Tj ET Q q 0 0 0 rg BT 234.91 724.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 706.10 Td (collecting ) Tj ET Q q 0 0 0 rg BT 154.93 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.43 706.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 212.14 706.10 Td (accounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 673.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 125.44 673.10 Td (who ) Tj ET Q q 0 0 0 rg BT 145.44 673.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 183.76 673.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 204.32 673.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 259.30 673.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 288.20 673.10 Td (will ) Tj ET Q q 0 0 0 rg BT 306.54 673.10 Td (have ) Tj ET Q q 0 0 0 rg BT 328.19 673.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 353.75 673.10 Td (under ) Tj ET Q q 0 0 0 rg BT 379.30 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.30 673.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 424.83 673.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 465.37 673.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 486.48 673.10 Td (as ) Tj ET Q q 0 0 0 rg BT 497.59 673.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.81 673.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 546.46 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.57 673.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 92.88 661.10 Td (security) Tj ET Q q 0 0 0 rg BT 123.89 661.10 Td (. ) Tj ET Q q 0 0 0 rg BT 129.84 661.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 169.96 661.10 Td (will ) Tj ET Q q 0 0 0 rg BT 188.97 661.10 Td (have ) Tj ET Q q 0 0 0 rg BT 211.30 661.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 243.09 661.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 290.96 661.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 319.70 661.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 369.80 661.10 Td (through ) Tj ET Q q 0 0 0 rg BT 404.37 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.04 661.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 461.26 661.10 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 493.87 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.10 661.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 538.54 661.10 Td (PMI's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 97.53 649.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 145.09 649.10 Td (under ) Tj ET Q q 0 0 0 rg BT 170.98 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.62 649.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 248.60 649.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 298.64 649.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 321.75 649.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 369.29 649.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 395.18 649.10 Td (exist ) Tj ET Q q 0 0 0 rg BT 417.18 649.10 Td (under ) Tj ET Q q 0 0 0 rg BT 443.07 649.10 Td (state ) Tj ET Q q 0 0 0 rg BT 464.51 649.10 Td (law ) Tj ET Q q 0 0 0 rg BT 482.06 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.62 649.10 Td (will ) Tj ET Q q 0 0 0 rg BT 518.29 649.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 536.68 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 547.58 649.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (way) Tj ET Q q 0 0 0 rg BT 66.01 637.10 Td (, ) Tj ET Q q 0 0 0 rg BT 71.01 637.10 Td (af) Tj ET Q q 0 0 0 rg BT 78.60 637.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 96.08 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.80 637.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 136.08 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.91 637.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 185.52 637.10 Td (under ) Tj ET Q q 0 0 0 rg BT 210.79 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.50 637.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 255.76 637.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 296.02 637.10 Td (laws.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 607.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.85 607.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 123.94 607.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 178.44 607.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 206.87 607.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 228.05 607.10 Td (from ) Tj ET Q q 0 0 0 rg BT 249.79 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.31 607.10 Td (services ) Tj ET Q q 0 0 0 rg BT 298.82 607.10 Td (that ) Tj ET Q q 0 0 0 rg BT 316.12 607.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 336.21 607.10 Td (will ) Tj ET Q q 0 0 0 rg BT 354.07 607.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 386.92 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.00 607.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 413.86 607.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.16 607.10 Td (under ) Tj ET Q q 0 0 0 rg BT 441.23 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.25 607.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 517.59 607.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.14 595.10 Td (described ) Tj ET Q q 0 0 0 rg BT 102.26 595.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.84 595.10 Td (this ) Tj ET Q q 0 0 0 rg BT 130.10 595.10 Td (prospectus. ) Tj ET Q q 0 0 0 rg BT 178.17 595.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 215.98 595.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.57 595.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.97 595.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 303.71 595.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 353.44 595.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 374.03 595.10 Td (will ) Tj ET Q q 0 0 0 rg BT 392.39 595.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 425.75 595.10 Td (three ) Tj ET Q q 0 0 0 rg BT 448.54 595.10 Td (kinds ) Tj ET Q q 0 0 0 rg BT 473.01 595.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.15 595.10 Td (services ) Tj ET Q q 0 0 0 rg BT 519.16 595.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.75 595.10 Td (PFL: ) Tj ET Q q 0 0 0 rg BT 552.57 595.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 69.32 583.10 Td (will ) Tj ET Q q 0 0 0 rg BT 86.42 583.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 119.05 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.81 583.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 172.11 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.98 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.74 583.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 246.13 583.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 267.67 583.10 Td (\(credit ) Tj ET Q q 0 0 0 rg BT 295.30 583.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 321.84 583.10 Td (revisions, ) Tj ET Q q 0 0 0 rg BT 361.99 583.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 395.19 583.10 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 449.76 583.10 Td (etc.\) ) Tj ET Q q 0 0 0 rg BT 468.79 583.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 485.87 583.10 Td ("Loan ) Tj ET Q q 0 0 0 rg BT 512.04 583.10 Td (Marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 113.55 571.10 Td (Services"\); ) Tj ET Q q 0 0 0 rg BT 160.62 571.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 175.83 571.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 196.61 571.10 Td (will ) Tj ET Q q 0 0 0 rg BT 215.17 571.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 248.71 571.10 Td (back-of) Tj ET Q q 0 0 0 rg BT 279.07 571.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 297.05 571.10 Td (services ) Tj ET Q q 0 0 0 rg BT 332.26 571.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.03 571.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 359.89 571.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.89 571.10 Td (\(maintaining ) Tj ET Q q 0 0 0 rg BT 416.99 571.10 Td (books ) Tj ET Q q 0 0 0 rg BT 443.88 571.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.31 571.10 Td (records, ) Tj ET Q q 0 0 0 rg BT 496.24 571.10 Td (making ) Tj ET Q q 0 0 0 rg BT 529.23 571.10 Td (periodic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 93.42 559.10 Td (filings, ) Tj ET Q q 0 0 0 rg BT 123.80 559.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 171.11 559.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 201.76 559.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 221.86 559.10 Td (management ) Tj ET Q q 0 0 0 rg BT 275.27 559.10 Td (functions, ) Tj ET Q q 0 0 0 rg BT 317.31 559.10 Td (etc.\) ) Tj ET Q q 0 0 0 rg BT 337.12 559.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 354.99 559.10 Td ("Corporate ) Tj ET Q q 0 0 0 rg BT 400.87 559.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 463.74 559.10 Td (Services"\); ) Tj ET Q q 0 0 0 rg BT 510.14 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.90 559.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 544.22 559.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.61 547.10 Td (service ) Tj ET Q q 0 0 0 rg BT 97.97 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.24 547.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 152.61 547.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 179.10 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.58 547.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 220.96 547.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 263.56 547.10 Td (through ) Tj ET Q q 0 0 0 rg BT 296.71 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.98 547.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 361.89 547.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 379.49 547.10 Td ("Loan ) Tj ET Q q 0 0 0 rg BT 406.16 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.65 547.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 444.14 547.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 484.52 547.10 Td (Services"\). ) Tj ET Q q 0 0 0 rg BT 530.35 547.10 Td (Holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.30 535.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 82.05 535.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 137.21 535.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 166.30 535.10 Td (will ) Tj ET Q q 0 0 0 rg BT 184.82 535.10 Td (have ) Tj ET Q q 0 0 0 rg BT 206.67 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.07 535.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 245.37 535.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 292.75 535.10 Td (ability) Tj ET Q q 0 0 0 rg BT 317.65 535.10 Td (, ) Tj ET Q q 0 0 0 rg BT 323.12 535.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 372.73 535.10 Td (through ) Tj ET Q q 0 0 0 rg BT 406.81 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.99 535.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 462.72 535.10 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 494.84 535.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.59 535.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 538.53 535.10 Td (PMI's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.50 523.10 Td (under ) Tj ET Q q 0 0 0 rg BT 121.32 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.14 523.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 197.30 523.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 246.28 523.10 Td (However) Tj ET Q q 0 0 0 rg BT 282.53 523.10 Td (, ) Tj ET Q q 0 0 0 rg BT 287.08 523.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 318.58 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.96 523.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 348.80 523.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 403.06 523.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 431.23 523.10 Td (also ) Tj ET Q q 0 0 0 rg BT 449.40 523.10 Td (have ) Tj ET Q q 0 0 0 rg BT 470.33 523.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 495.16 523.10 Td (under ) Tj ET Q q 0 0 0 rg BT 519.99 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.26 523.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 90.88 511.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 112.33 511.10 Td (that ) Tj ET Q q 0 0 0 rg BT 130.45 511.10 Td (are ) Tj ET Q q 0 0 0 rg BT 145.77 511.10 Td (not ) Tj ET Q q 0 0 0 rg BT 161.67 511.10 Td (limited, ) Tj ET Q q 0 0 0 rg BT 195.62 511.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 250.94 511.10 Td (or ) Tj ET Q q 0 0 0 rg BT 262.38 511.10 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 306.88 511.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 333.48 511.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 381.04 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.94 511.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 425.60 511.10 Td (services ) Tj ET Q q 0 0 0 rg BT 460.93 511.10 Td (under ) Tj ET Q q 0 0 0 rg BT 486.82 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.46 511.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 96.57 499.10 Td (may ) Tj ET Q q 0 0 0 rg BT 115.93 499.10 Td (be ) Tj ET Q q 0 0 0 rg BT 127.52 499.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 172.42 499.10 Td (by ) Tj ET Q q 0 0 0 rg BT 184.57 499.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 204.50 499.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.97 499.10 Td (by ) Tj ET Q q 0 0 0 rg BT 227.12 499.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 243.98 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.13 499.10 Td (under ) Tj ET Q q 0 0 0 rg BT 271.04 499.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 300.39 499.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 359.17 499.10 Td (described ) Tj ET Q q 0 0 0 rg BT 399.64 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.56 499.10 Td (this ) Tj ET Q q 0 0 0 rg BT 426.15 499.10 Td (prospectus. ) Tj ET Q q 0 0 0 rg BT 473.57 499.10 Td (For ) Tj ET Q q 0 0 0 rg BT 489.61 499.10 Td (more ) Tj ET Q q 0 0 0 rg BT 512.30 499.10 Td (information, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (see ) Tj ET Q q 0 0 0 rg BT 64.96 487.10 Td ("Summary ) Tj ET Q q 0 0 0 rg BT 110.13 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.65 487.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 163.66 487.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 187.53 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.05 487.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 226.08 487.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 246.05 487.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 300.45 487.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 328.76 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.91 487.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 407.18 487.10 Td (Agreement-PMI ) Tj ET Q q 0 0 0 rg BT 474.91 487.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 529.30 487.10 Td (Rights.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 457.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 457.10 Td (ermination ) Tj ET Q q 0 0 0 rg BT 136.22 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.03 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.41 457.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 221.12 457.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 267.03 457.10 Td (would ) Tj ET Q q 0 0 0 rg BT 293.51 457.10 Td (not ) Tj ET Q q 0 0 0 rg BT 307.78 457.10 Td (af) Tj ET Q q 0 0 0 rg BT 315.36 457.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 331.83 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.54 457.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 369.80 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.62 457.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 410.54 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.36 457.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 464.06 457.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 490.55 457.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 509.82 457.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 80.15 445.10 Td (under ) Tj ET Q q 0 0 0 rg BT 106.94 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.18 445.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 154.96 445.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 196.76 445.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 221.61 445.10 Td (If ) Tj ET Q q 0 0 0 rg BT 232.30 445.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 249.16 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.19 445.10 Td (or ) Tj ET Q q 0 0 0 rg BT 265.54 445.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 287.35 445.10 Td (were ) Tj ET Q q 0 0 0 rg BT 310.81 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.61 445.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 364.40 445.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 391.90 445.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 440.37 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.18 445.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 486.75 445.10 Td (services ) Tj ET Q q 0 0 0 rg BT 522.99 445.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.78 445.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.81 433.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 162.63 433.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 183.31 433.10 Td (would ) Tj ET Q q 0 0 0 rg BT 211.20 433.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 235.74 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.42 433.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 269.31 433.10 Td (new ) Tj ET Q q 0 0 0 rg BT 288.87 433.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 309.55 433.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 364.64 433.10 Td (Rights. ) Tj ET Q q 0 0 0 rg BT 396.16 433.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 413.02 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.91 433.10 Td (has ) Tj ET Q q 0 0 0 rg BT 432.14 433.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 464.46 433.10 Td (into ) Tj ET Q q 0 0 0 rg BT 482.91 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.24 433.10 Td (back-up ) Tj ET Q q 0 0 0 rg BT 525.35 433.10 Td (servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 93.78 421.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.71 421.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.29 421.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 139.65 421.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 178.45 421.10 Td (company ) Tj ET Q q 0 0 0 rg BT 217.25 421.10 Td (who ) Tj ET Q q 0 0 0 rg BT 236.61 421.10 Td (is ) Tj ET Q q 0 0 0 rg BT 245.42 421.10 Td (willing ) Tj ET Q q 0 0 0 rg BT 275.90 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.49 421.10 Td (able ) Tj ET Q q 0 0 0 rg BT 311.28 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.21 421.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 361.12 421.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 380.48 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.07 421.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 418.65 421.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 457.45 421.10 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 520.14 421.10 Td (from ) Tj ET Q q 0 0 0 rg BT 541.72 421.10 Td (PMI, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (but ) Tj ET Q q 0 0 0 rg BT 64.72 409.10 Td (it ) Tj ET Q q 0 0 0 rg BT 72.22 409.10 Td (is ) Tj ET Q q 0 0 0 rg BT 80.83 409.10 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 115.54 409.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.48 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.64 409.10 Td (back-up ) Tj ET Q q 0 0 0 rg BT 180.78 409.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 214.37 409.10 Td (would ) Tj ET Q q 0 0 0 rg BT 241.31 409.10 Td (be ) Tj ET Q q 0 0 0 rg BT 252.69 409.10 Td (able ) Tj ET Q q 0 0 0 rg BT 271.29 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.01 409.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 315.15 409.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 354.31 409.10 Td (other ) Tj ET Q q 0 0 0 rg BT 376.80 409.10 Td (than ) Tj ET Q q 0 0 0 rg BT 395.96 409.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 434.55 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.71 409.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 497.32 409.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.58 409.10 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.05 397.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 95.31 397.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 139.84 397.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 156.70 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.31 397.10 Td (might ) Tj ET Q q 0 0 0 rg BT 185.26 397.10 Td (have ) Tj ET Q q 0 0 0 rg BT 206.75 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.15 397.10 Td (suspend ) Tj ET Q q 0 0 0 rg BT 251.98 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.82 397.10 Td (facilitation ) Tj ET Q q 0 0 0 rg BT 312.75 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.69 397.10 Td (new ) Tj ET Q q 0 0 0 rg BT 342.97 397.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 383.90 397.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 410.95 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.01 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.84 397.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 479.33 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.27 397.10 Td (new ) Tj ET Q q 0 0 0 rg BT 509.55 397.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 535.49 397.10 Td (until ) Tj ET Q q 0 0 0 rg BT 556.44 397.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.25 385.10 Td (find ) Tj ET Q q 0 0 0 rg BT 92.40 385.10 Td (another ) Tj ET Q q 0 0 0 rg BT 124.42 385.10 Td (party ) Tj ET Q q 0 0 0 rg BT 147.01 385.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.38 385.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 186.07 385.10 Td (that ) Tj ET Q q 0 0 0 rg BT 203.10 385.10 Td (could ) Tj ET Q q 0 0 0 rg BT 227.36 385.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 261.60 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.85 385.10 Td (services ) Tj ET Q q 0 0 0 rg BT 310.10 385.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 329.92 385.10 Td (had ) Tj ET Q q 0 0 0 rg BT 346.40 385.10 Td (been ) Tj ET Q q 0 0 0 rg BT 367.31 385.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 414.33 385.10 Td (under ) Tj ET Q q 0 0 0 rg BT 439.14 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.94 385.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 515.08 385.10 Td (Agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 373.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.06 373.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 104.02 373.10 Td (it ) Tj ET Q q 0 0 0 rg BT 111.77 373.10 Td (could ) Tj ET Q q 0 0 0 rg BT 136.19 373.10 Td (find ) Tj ET Q q 0 0 0 rg BT 154.49 373.10 Td (another ) Tj ET Q q 0 0 0 rg BT 186.67 373.10 Td (party ) Tj ET Q q 0 0 0 rg BT 209.42 373.10 Td (or ) Tj ET Q q 0 0 0 rg BT 219.95 373.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 248.80 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.77 373.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 293.18 373.10 Td (such ) Tj ET Q q 0 0 0 rg BT 313.71 373.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 350.61 373.10 Td (but ) Tj ET Q q 0 0 0 rg BT 365.59 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.00 373.10 Td (search ) Tj ET Q q 0 0 0 rg BT 407.73 373.10 Td (could ) Tj ET Q q 0 0 0 rg BT 432.15 373.10 Td (take ) Tj ET Q q 0 0 0 rg BT 451.00 373.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 473.47 373.10 Td (For ) Tj ET Q q 0 0 0 rg BT 489.56 373.10 Td (more ) Tj ET Q q 0 0 0 rg BT 512.30 373.10 Td (information, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (see ) Tj ET Q q 0 0 0 rg BT 65.27 361.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 90.19 361.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 147.69 361.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 180.73 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.01 361.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 207.87 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.37 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.31 361.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 250.09 361.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 268.14 361.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 320.62 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.55 361.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 355.05 361.10 Td (Ability ) Tj ET Q q 0 0 0 rg BT 385.89 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.17 361.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 428.65 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.37 361.10 Td (Notes.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 331.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.60 331.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 123.43 331.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 177.68 331.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 205.85 331.10 Td (will ) Tj ET Q q 0 0 0 rg BT 223.46 331.10 Td (be ) Tj ET Q q 0 0 0 rg BT 234.95 331.10 Td (attached ) Tj ET Q q 0 0 0 rg BT 270.31 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.14 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.41 331.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 322.29 331.10 Td (will ) Tj ET Q q 0 0 0 rg BT 339.90 331.10 Td (not ) Tj ET Q q 0 0 0 rg BT 354.73 331.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.21 331.10 Td (separable ) Tj ET Q q 0 0 0 rg BT 406.02 331.10 Td (from ) Tj ET Q q 0 0 0 rg BT 427.51 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.78 331.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 467.16 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.65 331.10 Td (will ) Tj ET Q q 0 0 0 rg BT 501.25 331.10 Td (not ) Tj ET Q q 0 0 0 rg BT 516.08 331.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.57 331.10 Td (assigned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 319.10 Td (value ) Tj ET Q q 0 0 0 rg BT 81.09 319.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 116.35 319.10 Td (from ) Tj ET Q q 0 0 0 rg BT 138.29 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.00 319.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 289.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 128.56 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.79 289.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 173.13 289.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 227.91 289.10 Td (Administration. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.33 289.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 313.19 289.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.86 289.10 Td (is ) Tj ET Q q 0 0 0 rg BT 327.20 289.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 376.42 289.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.75 289.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 432.08 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.96 289.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 489.96 289.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 518.06 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 536.17 289.10 Td (Notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 94.39 277.10 Td (its ) Tj ET Q q 0 0 0 rg BT 107.11 277.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 145.92 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.52 277.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 199.11 277.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 226.82 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.52 277.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 263.34 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.94 277.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 301.54 277.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 362.02 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.07 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.56 277.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 430.15 277.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 460.36 277.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 477.22 277.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.49 277.10 Td (begins ) Tj ET Q q 0 0 0 rg BT 509.87 277.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 549.79 277.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.90 265.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 117.92 265.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.95 265.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 163.36 265.10 Td (If ) Tj ET Q q 0 0 0 rg BT 172.60 265.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.62 265.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 220.53 265.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 243.66 265.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 281.23 265.10 Td (one ) Tj ET Q q 0 0 0 rg BT 298.25 265.10 Td (or ) Tj ET Q q 0 0 0 rg BT 309.16 265.10 Td (more ) Tj ET Q q 0 0 0 rg BT 332.29 265.10 Td (days ) Tj ET Q q 0 0 0 rg BT 353.20 265.10 Td (past ) Tj ET Q q 0 0 0 rg BT 371.89 265.10 Td (due, ) Tj ET Q q 0 0 0 rg BT 391.42 265.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 408.28 265.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.86 265.10 Td (may ) Tj ET Q q 0 0 0 rg BT 430.66 265.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 459.89 265.10 Td (on ) Tj ET Q q 0 0 0 rg BT 472.48 265.10 Td (it ) Tj ET Q q 0 0 0 rg BT 480.62 265.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 513.74 265.10 Td (or ) Tj ET Q q 0 0 0 rg BT 524.65 265.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 546.10 265.10 Td (it ) Tj ET Q q 0 0 0 rg BT 554.24 265.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 253.10 Td (third ) Tj ET Q q 0 0 0 rg BT 78.33 253.10 Td (party ) Tj ET Q q 0 0 0 rg BT 101.37 253.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 135.52 253.10 Td (or ) Tj ET Q q 0 0 0 rg BT 146.35 253.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 188.28 253.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 219.09 253.10 Td (for ) Tj ET Q q 0 0 0 rg BT 233.25 253.10 Td (collection. ) Tj ET Q q 0 0 0 rg BT 277.68 253.10 Td (See ) Tj ET Q q 0 0 0 rg BT 294.62 253.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 326.20 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.92 253.10 Td (Marketplace- ) Tj ET Q q 0 0 0 rg BT 396.72 253.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 419.77 253.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 460.59 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.53 253.10 Td (Collection.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 223.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.97 223.10 Td (has ) Tj ET Q q 0 0 0 rg BT 122.40 223.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 154.93 223.10 Td (into ) Tj ET Q q 0 0 0 rg BT 173.59 223.10 Td (an ) Tj ET Q q 0 0 0 rg BT 185.45 223.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 248.42 223.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 295.95 223.10 Td (with ) Tj ET Q q 0 0 0 rg BT 316.84 223.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 340.22 223.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 377.77 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.65 223.10 Td (which ) Tj ET Q q 0 0 0 rg BT 416.20 223.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 433.06 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.16 223.10 Td (has ) Tj ET Q q 0 0 0 rg BT 452.60 223.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 489.02 223.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 509.91 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.79 223.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 545.57 223.10 Td (it ) Tj ET Q q 0 0 0 rg BT 554.23 223.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 91.07 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.69 211.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 150.42 211.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 181.77 211.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 225.62 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.24 211.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 298.01 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.86 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.05 211.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 378.44 211.10 Td (other ) Tj ET Q q 0 0 0 rg BT 403.40 211.10 Td (duties. ) Tj ET Q q 0 0 0 rg BT 434.20 211.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 473.61 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.79 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 211.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.37 199.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 119.60 199.10 Td (will ) Tj ET Q q 0 0 0 rg BT 137.60 199.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 170.59 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.48 199.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 207.68 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.46 199.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 278.11 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.00 199.10 Td (management ) Tj ET Q q 0 0 0 rg BT 348.53 199.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 385.68 199.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 428.40 199.10 Td (but ) Tj ET Q q 0 0 0 rg BT 443.63 199.10 Td (not ) Tj ET Q q 0 0 0 rg BT 458.85 199.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 489.62 199.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 502.35 199.10 Td (supervision ) Tj ET Q q 0 0 0 rg BT 550.90 199.10 Td (of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 166.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 183.81 166.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 236.83 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.77 166.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 294.04 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.87 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.58 166.10 Td (marketplace;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 148.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 148.10 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 166.59 148.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 184.64 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.58 148.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 238.51 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.34 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.06 148.10 Td (Notes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 130.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 130.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 138.42 130.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 176.46 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.29 130.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 228.11 130.10 Td (Loans;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 112.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 112.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 167.98 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.81 112.10 Td (www) Tj ET Q q 0 0 0 rg BT 199.83 112.10 Td (.prosper) Tj ET Q q 0 0 0 rg BT 231.76 112.10 Td (.com;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 94.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 137.46 94.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 185.09 94.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.40 94.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 247.03 94.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 276.32 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.30 94.10 Td (state ) Tj ET Q q 0 0 0 rg BT 312.16 94.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 332.03 94.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 374.67 94.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 415.08 94.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 457.16 94.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 479.53 94.10 Td (state ) Tj ET Q q 0 0 0 rg BT 499.39 94.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 525.91 94.10 Td (licensing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 82.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 167.70 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.64 82.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 224.90 82.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 272.95 82.10 Td (requirements\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 64.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 64.10 Td (applicant ) Tj ET Q q 0 0 0 rg BT 166.87 64.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 215.46 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.39 64.10 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 273.78 64.10 Td (processes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 46.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 46.10 Td (posting ) Tj ET Q q 0 0 0 rg BT 159.67 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.50 46.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 201.89 46.10 Td (on ) Tj ET Q q 0 0 0 rg BT 214.39 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.11 46.10 Td (marketplace; ) Tj ET Q q 0 0 0 rg BT 283.24 46.10 Td (and) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 742.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 175.21 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.04 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.98 742.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 226.03 742.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 255.20 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.14 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 284.07 742.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 316.01 742.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 333.49 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.77 742.10 Td (each ) Tj ET Q q 0 0 0 rg BT 364.59 742.10 Td (listing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td (See ) Tj ET Q q 0 0 0 rg BT 103.46 712.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 135.57 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.82 712.10 Td (Marketplace," ) Tj ET Q q 0 0 0 rg BT 210.40 712.10 Td ("Summary ) Tj ET Q q 0 0 0 rg BT 256.39 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.75 712.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 311.59 712.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 336.29 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.64 712.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 374.00 712.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.79 712.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 453.71 712.10 Td (Agreement-Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (Agreement" ) Tj ET Q q 0 0 0 rg BT 101.01 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.94 700.10 Td ("Information ) Tj ET Q q 0 0 0 rg BT 171.74 700.10 Td (About ) Tj ET Q q 0 0 0 rg BT 199.24 700.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 232.29 700.10 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 287.26 700.10 Td (Inc." ) Tj ET Q q 0 0 0 rg BT 309.11 700.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.27 700.10 Td (more ) Tj ET Q q 0 0 0 rg BT 346.32 700.10 Td (information.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 130.58 670.10 Td (Investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.14 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 180.99 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.33 670.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 201.23 670.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 245.23 670.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 264.80 670.10 Td (search ) Tj ET Q q 0 0 0 rg BT 292.68 670.10 Td (tool, ) Tj ET Q q 0 0 0 rg BT 313.09 670.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 355.42 670.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 402.21 670.10 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 442.87 670.10 Td (known ) Tj ET Q q 0 0 0 rg BT 472.44 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 482.60 670.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 504.95 670.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 531.74 670.10 Td (Invest\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (is ) Tj ET Q q 0 0 0 rg BT 60.00 658.10 Td (an ) Tj ET Q q 0 0 0 rg BT 72.77 658.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 117.75 658.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 138.29 658.10 Td (search ) Tj ET Q q 0 0 0 rg BT 167.16 658.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 186.04 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 204.37 658.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 233.81 658.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 273.24 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.35 658.10 Td (easily ) Tj ET Q q 0 0 0 rg BT 311.00 658.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 338.22 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.33 658.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 375.99 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 394.31 658.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 417.07 658.10 Td (their ) Tj ET Q q 0 0 0 rg BT 438.73 658.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 473.15 658.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 520.36 658.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 552.00 658.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 106.57 646.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 139.27 646.10 Td (any ) Tj ET Q q 0 0 0 rg BT 155.85 646.10 Td (available ) Tj ET Q q 0 0 0 rg BT 194.08 646.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 218.45 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.37 646.10 Td (their ) Tj ET Q q 0 0 0 rg BT 248.84 646.10 Td (account ) Tj ET Q q 0 0 0 rg BT 282.08 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 294.22 646.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 319.69 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 336.83 646.10 Td (match ) Tj ET Q q 0 0 0 rg BT 363.41 646.10 Td (their ) Tj ET Q q 0 0 0 rg BT 383.88 646.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 418.22 646.10 Td (parameters, ) Tj ET Q q 0 0 0 rg BT 466.73 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 476.65 646.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 523.75 646.10 Td (with ) Tj ET Q q 0 0 0 rg BT 543.68 646.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 89.21 634.10 Td (instructions. ) Tj ET Q q 0 0 0 rg BT 140.80 634.10 Td (An ) Tj ET Q q 0 0 0 rg BT 156.14 634.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 191.47 634.10 Td (using ) Tj ET Q q 0 0 0 rg BT 216.26 634.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 259.36 634.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 306.91 634.10 Td (is ) Tj ET Q q 0 0 0 rg BT 316.69 634.10 Td (asked ) Tj ET Q q 0 0 0 rg BT 342.57 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.47 634.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 388.23 634.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 400.79 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.12 634.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 449.79 634.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 479.57 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 491.01 634.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 524.68 634.10 Td (he ) Tj ET Q q 0 0 0 rg BT 537.24 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 548.68 634.10 Td (she ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (wishes ) Tj ET Q q 0 0 0 rg BT 79.24 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.03 622.10 Td (use ) Tj ET Q q 0 0 0 rg BT 104.38 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 114.73 622.10 Td (search ) Tj ET Q q 0 0 0 rg BT 142.28 622.10 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 175.11 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.56 622.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 205.80 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.03 622.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 252.04 622.10 Td (he ) Tj ET Q q 0 0 0 rg BT 263.50 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.84 622.10 Td (she ) Tj ET Q q 0 0 0 rg BT 289.19 622.10 Td (wishes ) Tj ET Q q 0 0 0 rg BT 318.43 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.22 622.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 354.13 622.10 Td (per ) Tj ET Q q 0 0 0 rg BT 368.91 622.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 392.87 622.10 Td (If ) Tj ET Q q 0 0 0 rg BT 401.54 622.10 Td (he ) Tj ET Q q 0 0 0 rg BT 413.00 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.34 622.10 Td (she ) Tj ET Q q 0 0 0 rg BT 438.69 622.10 Td (wishes, ) Tj ET Q q 0 0 0 rg BT 470.43 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.66 622.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 518.90 622.10 Td (can ) Tj ET Q q 0 0 0 rg BT 534.79 622.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (customize ) Tj ET Q q 0 0 0 rg BT 92.79 610.10 Td (his ) Tj ET Q q 0 0 0 rg BT 106.71 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 117.29 610.10 Td (her ) Tj ET Q q 0 0 0 rg BT 132.30 610.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 178.44 610.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 208.99 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 221.24 610.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 258.49 610.10 Td (one ) Tj ET Q q 0 0 0 rg BT 275.17 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 285.75 610.10 Td (more ) Tj ET Q q 0 0 0 rg BT 308.55 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.13 610.10 Td (several ) Tj ET Q q 0 0 0 rg BT 349.69 610.10 Td (dozen ) Tj ET Q q 0 0 0 rg BT 375.82 610.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 418.05 610.10 Td (search ) Tj ET Q q 0 0 0 rg BT 445.84 610.10 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 478.90 610.10 Td (such ) Tj ET Q q 0 0 0 rg BT 499.48 610.10 Td (as ) Tj ET Q q 0 0 0 rg BT 510.06 610.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 529.52 610.10 Td (amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 113.67 598.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 134.57 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.59 598.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 176.93 598.10 Td (score. ) Tj ET Q q 0 0 0 rg BT 202.93 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 221.05 598.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 255.85 598.10 Td (can ) Tj ET Q q 0 0 0 rg BT 272.31 598.10 Td (also ) Tj ET Q q 0 0 0 rg BT 290.99 598.10 Td (set ) Tj ET Q q 0 0 0 rg BT 304.68 598.10 Td (aside ) Tj ET Q q 0 0 0 rg BT 327.81 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.83 598.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 368.50 598.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 401.07 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.98 598.10 Td (his ) Tj ET Q q 0 0 0 rg BT 426.23 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 437.14 598.10 Td (her ) Tj ET Q q 0 0 0 rg BT 452.49 598.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 477.29 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 488.20 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.22 598.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 515.57 598.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 547.02 598.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 586.10 Td (not ) Tj ET Q q 0 0 0 rg BT 82.33 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 93.77 586.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 129.09 586.10 Td (by ) Tj ET Q q 0 0 0 rg BT 141.09 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.31 586.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 197.29 586.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 243.72 586.10 Td (tool. ) Tj ET Q q 0 0 0 rg BT 263.78 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 265.33 586.10 Td (After ) Tj ET Q q 0 0 0 rg BT 288.43 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.65 586.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 336.86 586.10 Td (has ) Tj ET Q q 0 0 0 rg BT 352.19 586.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 383.61 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.05 586.10 Td (saved ) Tj ET Q q 0 0 0 rg BT 424.82 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.03 586.10 Td (parameters ) Tj ET Q q 0 0 0 rg BT 484.89 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.22 586.10 Td (his ) Tj ET Q q 0 0 0 rg BT 508.89 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 519.22 586.10 Td (her ) Tj ET Q q 0 0 0 rg BT 533.99 586.10 Td (search, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 92.78 574.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 140.00 574.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 197.22 574.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 209.45 574.10 Td (runs ) Tj ET Q q 0 0 0 rg BT 229.46 574.10 Td (searches ) Tj ET Q q 0 0 0 rg BT 266.12 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 278.91 574.10 Td (their ) Tj ET Q q 0 0 0 rg BT 300.03 574.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 345.59 574.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 376.69 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 387.81 574.10 Td (new ) Tj ET Q q 0 0 0 rg BT 407.26 574.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 438.95 574.10 Td (are ) Tj ET Q q 0 0 0 rg BT 453.95 574.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 482.85 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 495.64 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.65 574.10 Td (marketplace, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 562.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 81.65 562.10 Td (places ) Tj ET Q q 0 0 0 rg BT 109.13 562.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 128.30 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 140.79 562.10 Td (any ) Tj ET Q q 0 0 0 rg BT 157.73 562.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 183.56 562.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 224.37 562.10 Td (by ) Tj ET Q q 0 0 0 rg BT 236.87 562.10 Td (each ) Tj ET Q q 0 0 0 rg BT 257.68 562.10 Td (such ) Tj ET Q q 0 0 0 rg BT 278.51 562.10 Td (search. ) Tj ET Q q 0 0 0 rg BT 309.04 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.54 562.10 Td (For ) Tj ET Q q 0 0 0 rg BT 327.93 562.10 Td (more ) Tj ET Q q 0 0 0 rg BT 350.97 562.10 Td (information ) Tj ET Q q 0 0 0 rg BT 400.68 562.10 Td (about ) Tj ET Q q 0 0 0 rg BT 425.39 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.10 562.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 482.59 562.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 529.52 562.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 547.57 562.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (how ) Tj ET Q q 0 0 0 rg BT 69.72 550.10 Td (it ) Tj ET Q q 0 0 0 rg BT 77.78 550.10 Td (works, ) Tj ET Q q 0 0 0 rg BT 107.22 550.10 Td (see ) Tj ET Q q 0 0 0 rg BT 122.49 550.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 154.07 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.79 550.10 Td (Marketplace-How ) Tj ET Q q 0 0 0 rg BT 244.03 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.31 550.10 Td (Bid ) Tj ET Q q 0 0 0 rg BT 271.26 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.54 550.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 320.14 550.10 Td (Notes-Recurring ) Tj ET Q q 0 0 0 rg BT 389.28 550.10 Td (Investment.") Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 520.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 108.72 520.10 Td (Invest. ) Tj ET Q q 0 0 0 rg BT 138.92 520.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 520.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 159.89 520.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 204.24 520.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 224.17 520.10 Td (search ) Tj ET Q q 0 0 0 rg BT 252.41 520.10 Td (tool, ) Tj ET Q q 0 0 0 rg BT 272.58 520.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 295.28 520.10 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 324.93 520.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 353.18 520.10 Td (it ) Tj ET Q q 0 0 0 rg BT 361.45 520.10 Td (easier ) Tj ET Q q 0 0 0 rg BT 387.47 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 401.83 520.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 440.65 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.13 520.10 Td (build ) Tj ET Q q 0 0 0 rg BT 474.40 520.10 Td (their ) Tj ET Q q 0 0 0 rg BT 495.43 520.10 Td (desired ) Tj ET Q q 0 0 0 rg BT 527.01 520.10 Td (portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.71 508.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 88.42 508.10 Td (by ) Tj ET Q q 0 0 0 rg BT 101.80 508.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 159.61 508.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 199.65 508.10 Td (any ) Tj ET Q q 0 0 0 rg BT 217.47 508.10 Td (available ) Tj ET Q q 0 0 0 rg BT 256.94 508.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 282.54 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.70 508.10 Td (an ) Tj ET Q q 0 0 0 rg BT 306.52 508.10 Td (investor) Tj ET Q q 0 0 0 rg BT 339.11 508.10 Td () Tj ET Q q 0 0 0 rg BT 341.88 508.10 Td (s ) Tj ET Q q 0 0 0 rg BT 349.16 508.10 Td (account ) Tj ET Q q 0 0 0 rg BT 383.63 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.79 508.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 421.50 508.10 Td (that ) Tj ET Q q 0 0 0 rg BT 439.88 508.10 Td (match ) Tj ET Q q 0 0 0 rg BT 467.69 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.29 508.10 Td (investor) Tj ET Q q 0 0 0 rg BT 515.87 508.10 Td () Tj ET Q q 0 0 0 rg BT 518.65 508.10 Td (s ) Tj ET Q q 0 0 0 rg BT 525.92 508.10 Td (specified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.58 496.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 127.59 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.73 496.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 186.86 496.10 Td (tar) Tj ET Q q 0 0 0 rg BT 197.22 496.10 Td (gets. ) Tj ET Q q 0 0 0 rg BT 217.93 496.10 Td (An ) Tj ET Q q 0 0 0 rg BT 232.86 496.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 267.77 496.10 Td (using ) Tj ET Q q 0 0 0 rg BT 291.54 496.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 314.24 496.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 341.38 496.10 Td (is ) Tj ET Q q 0 0 0 rg BT 350.75 496.10 Td (asked ) Tj ET Q q 0 0 0 rg BT 376.22 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.70 496.10 Td (select ) Tj ET Q q 0 0 0 rg BT 412.16 496.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 424.30 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 431.43 496.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 451.35 496.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 493.48 496.10 Td (tar) Tj ET Q q 0 0 0 rg BT 503.84 496.10 Td (get, ) Tj ET Q q 0 0 0 rg BT 521.26 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 532.29 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.43 496.10 Td (tar) Tj ET Q q 0 0 0 rg BT 549.79 496.10 Td (get ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 68.36 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.49 484.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 103.40 484.10 Td (based ) Tj ET Q q 0 0 0 rg BT 128.97 484.10 Td (on ) Tj ET Q q 0 0 0 rg BT 141.78 484.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 175.13 484.10 Td (Ratings, ) Tj ET Q q 0 0 0 rg BT 210.99 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.23 484.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 243.25 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.27 484.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 291.07 484.10 Td (he ) Tj ET Q q 0 0 0 rg BT 303.31 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 314.44 484.10 Td (she ) Tj ET Q q 0 0 0 rg BT 330.58 484.10 Td (wishes ) Tj ET Q q 0 0 0 rg BT 360.60 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.18 484.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 397.87 484.10 Td (per ) Tj ET Q q 0 0 0 rg BT 413.44 484.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 438.18 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.78 484.10 Td (The ) Tj ET Q q 0 0 0 rg BT 459.13 484.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 494.15 484.10 Td (has ) Tj ET Q q 0 0 0 rg BT 510.29 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.31 484.10 Td (option ) Tj ET Q q 0 0 0 rg BT 553.66 484.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (selecting ) Tj ET Q q 0 0 0 rg BT 88.75 472.10 Td (his ) Tj ET Q q 0 0 0 rg BT 103.63 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 115.17 472.10 Td (her ) Tj ET Q q 0 0 0 rg BT 131.15 472.10 Td (tar) Tj ET Q q 0 0 0 rg BT 141.51 472.10 Td (get ) Tj ET Q q 0 0 0 rg BT 156.94 472.10 Td (from ) Tj ET Q q 0 0 0 rg BT 179.59 472.10 Td (Prosper) Tj ET Q q 0 0 0 rg BT 210.51 472.10 Td () Tj ET Q q 0 0 0 rg BT 213.29 472.10 Td (s ) Tj ET Q q 0 0 0 rg BT 220.39 472.10 Td (series ) Tj ET Q q 0 0 0 rg BT 246.37 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.91 472.10 Td (preset ) Tj ET Q q 0 0 0 rg BT 285.00 472.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 305.42 472.10 Td (allocations ) Tj ET Q q 0 0 0 rg BT 351.95 472.10 Td (based ) Tj ET Q q 0 0 0 rg BT 377.93 472.10 Td (on ) Tj ET Q q 0 0 0 rg BT 391.14 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.56 472.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 434.20 472.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 474.62 472.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 495.05 472.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 536.58 472.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 472.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 103.70 460.10 Td (any ) Tj ET Q q 0 0 0 rg BT 120.48 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.15 460.10 Td (which ) Tj ET Q q 0 0 0 rg BT 157.93 460.10 Td (may ) Tj ET Q q 0 0 0 rg BT 177.48 460.10 Td (be ) Tj ET Q q 0 0 0 rg BT 189.26 460.10 Td (customized ) Tj ET Q q 0 0 0 rg BT 237.14 460.10 Td (by ) Tj ET Q q 0 0 0 rg BT 249.48 460.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 288.48 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.04 460.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 345.93 460.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 387.70 460.10 Td (tar) Tj ET Q q 0 0 0 rg BT 398.06 460.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 416.51 460.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.51 460.10 Td (each ) Tj ET Q q 0 0 0 rg BT 451.17 460.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 484.06 460.10 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 515.57 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 526.24 460.10 Td (he ) Tj ET Q q 0 0 0 rg BT 538.02 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 548.69 460.10 Td (she ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (can ) Tj ET Q q 0 0 0 rg BT 66.37 448.10 Td (create ) Tj ET Q q 0 0 0 rg BT 92.73 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.66 448.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 131.04 448.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 150.75 448.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 192.67 448.10 Td (tar) Tj ET Q q 0 0 0 rg BT 203.04 448.10 Td (get ) Tj ET Q q 0 0 0 rg BT 217.75 448.10 Td (across ) Tj ET Q q 0 0 0 rg BT 245.24 448.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 278.28 448.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 311.33 448.10 Td (based ) Tj ET Q q 0 0 0 rg BT 336.60 448.10 Td (on ) Tj ET Q q 0 0 0 rg BT 349.09 448.10 Td (his ) Tj ET Q q 0 0 0 rg BT 363.25 448.10 Td (or ) Tj ET Q q 0 0 0 rg BT 374.08 448.10 Td (her ) Tj ET Q q 0 0 0 rg BT 389.34 448.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 422.93 448.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 440.42 448.10 Td (tolerance. ) Tj ET Q q 0 0 0 rg BT 482.06 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.55 448.10 Td (If ) Tj ET Q q 0 0 0 rg BT 493.71 448.10 Td (he ) Tj ET Q q 0 0 0 rg BT 505.64 448.10 Td (or ) Tj ET Q q 0 0 0 rg BT 516.46 448.10 Td (she ) Tj ET Q q 0 0 0 rg BT 532.29 448.10 Td (wishes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.51 436.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 99.02 436.10 Td (can ) Tj ET Q q 0 0 0 rg BT 115.19 436.10 Td (further ) Tj ET Q q 0 0 0 rg BT 144.68 436.10 Td (customize ) Tj ET Q q 0 0 0 rg BT 187.52 436.10 Td (his ) Tj ET Q q 0 0 0 rg BT 201.48 436.10 Td (or ) Tj ET Q q 0 0 0 rg BT 212.10 436.10 Td (her ) Tj ET Q q 0 0 0 rg BT 227.16 436.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 273.33 436.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 303.94 436.10 Td (by ) Tj ET Q q 0 0 0 rg BT 316.23 436.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 353.51 436.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 395.80 436.10 Td (filters, ) Tj ET Q q 0 0 0 rg BT 423.91 436.10 Td (such ) Tj ET Q q 0 0 0 rg BT 444.53 436.10 Td (as ) Tj ET Q q 0 0 0 rg BT 455.16 436.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 474.66 436.10 Td (term ) Tj ET Q q 0 0 0 rg BT 495.28 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.01 436.10 Td (employment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (status. ) Tj ET Q q 0 0 0 rg BT 77.26 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.11 424.10 Td (The ) Tj ET Q q 0 0 0 rg BT 96.64 424.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 130.84 424.10 Td (can ) Tj ET Q q 0 0 0 rg BT 146.71 424.10 Td (also ) Tj ET Q q 0 0 0 rg BT 164.80 424.10 Td (set ) Tj ET Q q 0 0 0 rg BT 177.90 424.10 Td (aside ) Tj ET Q q 0 0 0 rg BT 200.43 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.85 424.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 252.14 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.46 424.10 Td (his ) Tj ET Q q 0 0 0 rg BT 276.11 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 286.43 424.10 Td (her ) Tj ET Q q 0 0 0 rg BT 301.19 424.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 338.17 424.10 Td (as ) Tj ET Q q 0 0 0 rg BT 348.48 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.91 424.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 374.66 424.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 405.52 424.10 Td (that ) Tj ET Q q 0 0 0 rg BT 422.50 424.10 Td (will ) Tj ET Q q 0 0 0 rg BT 440.04 424.10 Td (not ) Tj ET Q q 0 0 0 rg BT 454.81 424.10 Td (be ) Tj ET Q q 0 0 0 rg BT 466.23 424.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 501.54 424.10 Td (by ) Tj ET Q q 0 0 0 rg BT 513.09 424.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 535.08 424.10 Td (Invest. ) Tj ET Q q 0 0 0 rg BT 564.51 424.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 88.97 412.10 Td (may ) Tj ET Q q 0 0 0 rg BT 108.50 412.10 Td (update ) Tj ET Q q 0 0 0 rg BT 137.47 412.10 Td (their ) Tj ET Q q 0 0 0 rg BT 158.10 412.10 Td (tar) Tj ET Q q 0 0 0 rg BT 168.47 412.10 Td (get ) Tj ET Q q 0 0 0 rg BT 183.00 412.10 Td (allocations, ) Tj ET Q q 0 0 0 rg BT 231.13 412.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 251.21 412.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 282.38 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.13 412.10 Td (other ) Tj ET Q q 0 0 0 rg BT 321.99 412.10 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 355.11 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.86 412.10 Td (pause ) Tj ET Q q 0 0 0 rg BT 396.94 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.69 412.10 Td (restart ) Tj ET Q q 0 0 0 rg BT 440.48 412.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 462.79 412.10 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 492.04 412.10 Td (at ) Tj ET Q q 0 0 0 rg BT 501.57 412.10 Td (any ) Tj ET Q q 0 0 0 rg BT 518.32 412.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 540.90 412.10 Td (Once ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.92 400.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 97.84 400.10 Td (turns ) Tj ET Q q 0 0 0 rg BT 119.55 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 130.88 400.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 152.58 400.10 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 181.23 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.15 400.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 212.41 400.10 Td (may ) Tj ET Q q 0 0 0 rg BT 231.34 400.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 283.03 400.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 306.95 400.10 Td (placing ) Tj ET Q q 0 0 0 rg BT 338.09 400.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 364.78 400.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.15 400.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 403.19 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.67 400.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 459.34 400.10 Td (with ) Tj ET Q q 0 0 0 rg BT 478.82 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.74 400.10 Td (investor) Tj ET Q q 0 0 0 rg BT 525.33 400.10 Td () Tj ET Q q 0 0 0 rg BT 528.11 400.10 Td (s ) Tj ET Q q 0 0 0 rg BT 533.71 400.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.00 388.10 Td (tar) Tj ET Q q 0 0 0 rg BT 76.37 388.10 Td (get ) Tj ET Q q 0 0 0 rg BT 90.15 388.10 Td (allocations ) Tj ET Q q 0 0 0 rg BT 135.03 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.03 388.10 Td (other ) Tj ET Q q 0 0 0 rg BT 173.14 388.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 218.58 388.10 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 250.84 388.10 Td (The ) Tj ET Q q 0 0 0 rg BT 267.95 388.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 285.07 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.97 388.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 319.86 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.20 388.10 Td (any ) Tj ET Q q 0 0 0 rg BT 345.20 388.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 385.07 388.10 Td (order ) Tj ET Q q 0 0 0 rg BT 407.73 388.10 Td (may ) Tj ET Q q 0 0 0 rg BT 426.51 388.10 Td (not ) Tj ET Q q 0 0 0 rg BT 440.85 388.10 Td (match ) Tj ET Q q 0 0 0 rg BT 466.85 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.63 388.10 Td (investor) Tj ET Q q 0 0 0 rg BT 513.22 388.10 Td () Tj ET Q q 0 0 0 rg BT 516.00 388.10 Td (s ) Tj ET Q q 0 0 0 rg BT 521.45 388.10 Td (individual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 69.88 376.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 111.98 376.10 Td (tar) Tj ET Q q 0 0 0 rg BT 122.35 376.10 Td (gets, ) Tj ET Q q 0 0 0 rg BT 143.62 376.10 Td (but ) Tj ET Q q 0 0 0 rg BT 159.07 376.10 Td (over ) Tj ET Q q 0 0 0 rg BT 179.50 376.10 Td (time ) Tj ET Q q 0 0 0 rg BT 199.36 376.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 222.02 376.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 249.13 376.10 Td (will ) Tj ET Q q 0 0 0 rg BT 267.35 376.10 Td (place ) Tj ET Q q 0 0 0 rg BT 291.12 376.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 318.77 376.10 Td (so ) Tj ET Q q 0 0 0 rg BT 330.33 376.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.99 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.88 376.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 404.41 376.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 441.52 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.97 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.85 376.10 Td (investor) Tj ET Q q 0 0 0 rg BT 499.44 376.10 Td () Tj ET Q q 0 0 0 rg BT 502.22 376.10 Td (s ) Tj ET Q q 0 0 0 rg BT 508.78 376.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 546.44 376.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (approximate, ) Tj ET Q q 0 0 0 rg BT 104.33 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.96 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.03 364.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 154.32 364.10 Td (possible, ) Tj ET Q q 0 0 0 rg BT 191.45 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.52 364.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 246.80 364.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 284.75 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.38 364.10 Td (his ) Tj ET Q q 0 0 0 rg BT 307.91 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 318.09 364.10 Td (her ) Tj ET Q q 0 0 0 rg BT 332.71 364.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 378.44 364.10 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 410.97 364.10 Td (The ) Tj ET Q q 0 0 0 rg BT 428.37 364.10 Td (frequency ) Tj ET Q q 0 0 0 rg BT 470.20 364.10 Td (with ) Tj ET Q q 0 0 0 rg BT 489.83 364.10 Td (which ) Tj ET Q q 0 0 0 rg BT 515.72 364.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 537.57 364.10 Td (Invest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.18 352.10 Td (place ) Tj ET Q q 0 0 0 rg BT 91.89 352.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 119.50 352.10 Td (on ) Tj ET 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Td (be ) Tj ET Q q 0 0 0 rg BT 525.37 340.10 Td (reviewed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.76 328.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 84.02 328.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 110.71 328.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 167.39 328.10 Td (each ) Tj ET Q q 0 0 0 rg BT 187.97 328.10 Td (time ) Tj ET Q q 0 0 0 rg BT 208.00 328.10 Td (new ) Tj ET Q q 0 0 0 rg BT 226.91 328.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 258.07 328.10 Td (are ) Tj ET Q q 0 0 0 rg BT 272.53 328.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 300.90 328.10 Td (on ) Tj ET Q q 0 0 0 rg BT 313.16 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.63 328.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 380.75 328.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 403.00 328.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 429.70 328.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 472.50 328.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 509.74 328.10 Td (with ) Tj ET Q q 0 0 0 rg BT 529.78 328.10 Td (a ) Tj ET Q q 0 0 0 rg BT 536.47 328.10 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 95.98 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.99 316.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 127.44 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.56 316.10 Td (places ) Tj ET Q q 0 0 0 rg BT 172.23 316.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 199.90 316.10 Td (for ) Tj ET Q q 0 0 0 rg BT 214.24 316.10 Td (those ) Tj ET Q q 0 0 0 rg BT 238.03 316.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 275.69 316.10 Td (first. ) Tj ET Q q 0 0 0 rg BT 296.98 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.07 316.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 321.75 316.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 348.87 316.10 Td (does ) Tj ET Q q 0 0 0 rg BT 369.88 316.10 Td (not ) Tj ET Q q 0 0 0 rg BT 385.34 316.10 Td (prioritize ) Tj ET Q q 0 0 0 rg BT 424.67 316.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 462.34 316.10 Td (based ) Tj ET Q q 0 0 0 rg BT 487.79 316.10 Td (on ) Tj ET Q q 0 0 0 rg BT 500.47 316.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 530.91 316.10 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (size ) Tj ET Q q 0 0 0 rg BT 68.02 304.10 Td (or ) Tj ET Q q 0 0 0 rg BT 78.82 304.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 125.17 304.10 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 158.45 304.10 Td (For ) Tj ET Q q 0 0 0 rg BT 174.81 304.10 Td (more ) Tj ET Q q 0 0 0 rg BT 197.83 304.10 Td (information ) Tj ET Q q 0 0 0 rg BT 247.51 304.10 Td (about ) Tj ET Q q 0 0 0 rg BT 272.19 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.34 304.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 308.81 304.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 335.71 304.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 353.74 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.65 304.10 Td (how ) Tj ET Q q 0 0 0 rg BT 390.34 304.10 Td (it ) Tj ET Q q 0 0 0 rg BT 398.37 304.10 Td (works, ) Tj ET Q q 0 0 0 rg BT 427.78 304.10 Td (see ) Tj ET Q q 0 0 0 rg BT 443.02 304.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 474.57 304.10 Td (the 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 277.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 96.93 262.10 Td (Information) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 232.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 120.19 232.10 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 176.32 232.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 194.68 232.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.66 232.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 216.41 232.10 Td (was ) Tj ET Q q 0 0 0 rg BT 233.93 232.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 286.44 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.19 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.38 232.10 Td (State ) Tj ET Q q 0 0 0 rg BT 332.34 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.64 232.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 382.92 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.67 232.10 Td (March ) Tj ET Q q 0 0 0 rg BT 420.74 232.10 Td (2005. ) Tj ET Q q 0 0 0 rg BT 445.21 232.10 Td (Its ) Tj ET Q q 0 0 0 rg BT 457.19 232.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 494.70 232.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 534.98 232.10 Td (of) Tj ET Q q 0 0 0 rg BT 543.13 232.10 Td (fices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.10 220.10 Td (located ) Tj ET Q q 0 0 0 rg BT 94.86 220.10 Td (at ) Tj ET Q q 0 0 0 rg BT 103.96 220.10 Td (221 ) Tj ET Q q 0 0 0 rg BT 120.85 220.10 Td (Main ) Tj ET Q q 0 0 0 rg BT 143.85 220.10 Td (Street, ) Tj ET Q q 0 0 0 rg BT 171.57 220.10 Td (3rd ) Tj ET Q q 0 0 0 rg BT 186.79 220.10 Td (Floor) Tj ET Q q 0 0 0 rg BT 208.06 220.10 Td (, ) Tj ET Q q 0 0 0 rg BT 212.45 220.10 Td (San ) Tj ET Q q 0 0 0 rg BT 229.34 220.10 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 272.60 220.10 Td (California ) Tj ET Q q 0 0 0 rg BT 315.03 220.10 Td (94105. ) Tj ET Q q 0 0 0 rg BT 344.42 220.10 Td (Its ) Tj ET Q q 0 0 0 rg BT 356.31 220.10 Td (telephone ) Tj ET Q q 0 0 0 rg BT 397.08 220.10 Td (number ) Tj ET Q q 0 0 0 rg BT 429.51 220.10 Td (at ) Tj ET Q q 0 0 0 rg BT 438.62 220.10 Td (this ) Tj ET Q q 0 0 0 rg BT 454.96 220.10 Td (location ) Tj ET Q q 0 0 0 rg BT 489.06 220.10 Td (is ) Tj ET Q q 0 0 0 rg BT 497.62 220.10 Td (\(415\) ) Tj ET Q q 0 0 0 rg BT 521.17 220.10 Td (593-5400.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 190.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 120.74 190.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 159.39 190.10 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 183.30 190.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.82 190.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 206.12 190.10 Td (formed ) Tj ET Q q 0 0 0 rg BT 237.52 190.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 270.59 190.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 306.45 190.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 327.86 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.15 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.89 190.10 Td (State ) Tj ET Q q 0 0 0 rg BT 375.40 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.25 190.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 427.08 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.38 190.10 Td (February ) Tj ET Q q 0 0 0 rg BT 476.00 190.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 501.01 190.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 526.46 190.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 90.50 178.10 Td (of) Tj ET Q q 0 0 0 rg BT 98.65 178.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 119.72 178.10 Td (are ) Tj ET Q q 0 0 0 rg BT 134.12 178.10 Td (located ) Tj ET Q q 0 0 0 rg BT 165.18 178.10 Td (at ) Tj ET Q q 0 0 0 rg BT 174.59 178.10 Td (221 ) Tj ET Q q 0 0 0 rg BT 191.78 178.10 Td (Main ) Tj ET Q q 0 0 0 rg BT 215.08 178.10 Td (Street, ) Tj ET Q q 0 0 0 rg BT 243.10 178.10 Td (3rd ) Tj ET Q q 0 0 0 rg BT 258.62 178.10 Td (Floor) Tj ET Q q 0 0 0 rg BT 279.89 178.10 Td (, ) Tj ET Q q 0 0 0 rg BT 284.58 178.10 Td (San ) Tj ET Q q 0 0 0 rg BT 301.77 178.10 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 345.34 178.10 Td (California ) Tj ET Q q 0 0 0 rg BT 388.07 178.10 Td (94105. ) Tj ET Q q 0 0 0 rg BT 417.76 178.10 Td (Its ) Tj ET Q q 0 0 0 rg BT 429.96 178.10 Td (telephone ) Tj ET Q q 0 0 0 rg BT 471.02 178.10 Td (number ) Tj ET Q q 0 0 0 rg BT 503.76 178.10 Td (at ) Tj ET Q q 0 0 0 rg BT 513.17 178.10 Td (this ) Tj ET Q q 0 0 0 rg BT 529.81 178.10 Td (location ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (is ) Tj ET Q q 0 0 0 rg BT 60.26 166.10 Td (\(415\) ) Tj ET Q q 0 0 0 rg BT 85.50 166.10 Td (543-5400. ) Tj ET Q q 0 0 0 rg BT 129.92 166.10 Td (Its ) Tj ET Q q 0 0 0 rg BT 143.51 166.10 Td (website ) Tj ET Q q 0 0 0 rg BT 177.64 166.10 Td (address ) Tj ET Q q 0 0 0 rg BT 211.22 166.10 Td (is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 221.47 166.10 Td (www) Tj ET Q q 0 0 0 rg BT 240.74 166.10 Td (.pr) Tj ET Q q 0 0 0 rg BT 251.76 166.10 Td (osper) Tj ET Q q 0 0 0 rg BT 272.87 166.10 Td (.com. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.12 166.10 Td (The ) Tj ET Q q 0 0 0 rg BT 317.25 166.10 Td (information ) Tj ET Q q 0 0 0 rg BT 368.05 166.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 410.51 166.10 Td (on ) Tj ET Q q 0 0 0 rg BT 424.10 166.10 Td (its ) Tj ET Q q 0 0 0 rg BT 437.13 166.10 Td (website ) Tj ET Q q 0 0 0 rg BT 471.26 166.10 Td (is ) Tj ET Q q 0 0 0 rg BT 481.52 166.10 Td (not ) Tj ET Q q 0 0 0 rg BT 497.89 166.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 552.00 166.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 89.68 154.10 Td (into ) Tj ET Q q 0 0 0 rg BT 107.74 154.10 Td (this ) Tj ET Q q 0 0 0 rg BT 124.69 154.10 Td (prospectus.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 124.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 124.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.67 124.10 Td (has ) Tj ET Q q 0 0 0 rg BT 121.80 124.10 Td (been ) Tj ET Q q 0 0 0 rg BT 143.48 124.10 Td (or) Tj ET Q q 0 0 0 rg BT 151.63 124.10 Td (ganized ) Tj ET Q q 0 0 0 rg BT 185.53 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.77 124.10 Td (is ) Tj ET Q q 0 0 0 rg BT 212.25 124.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 249.48 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.06 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 267.31 124.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 300.10 124.10 Td (that ) Tj ET Q q 0 0 0 rg BT 317.90 124.10 Td (is ) Tj ET Q q 0 0 0 rg BT 327.37 124.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 364.61 124.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 376.85 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.44 124.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 428.01 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.03 124.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 486.39 124.10 Td (that ) Tj ET Q q 0 0 0 rg BT 504.19 124.10 Td (it ) Tj ET Q q 0 0 0 rg BT 512.55 124.10 Td (will ) Tj ET Q q 0 0 0 rg BT 530.91 124.10 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.79 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.03 112.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 138.48 112.10 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 191.75 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.65 112.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 223.33 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.57 112.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 273.81 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.48 112.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 331.50 112.10 Td (that ) Tj ET Q q 0 0 0 rg BT 348.96 112.10 Td (it ) Tj ET Q q 0 0 0 rg BT 356.98 112.10 Td (would ) Tj ET Q q 0 0 0 rg BT 384.44 112.10 Td (be ) Tj ET Q q 0 0 0 rg BT 396.34 112.10 Td (substantively ) Tj ET Q q 0 0 0 rg BT 451.57 112.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 504.58 112.10 Td (with ) Tj ET Q q 0 0 0 rg BT 524.82 112.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 547.57 112.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 68.57 100.10 Td (have ) Tj ET Q q 0 0 0 rg BT 89.36 100.10 Td (its ) Tj ET Q q 0 0 0 rg BT 100.71 100.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 125.94 100.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 156.17 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.85 100.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 193.86 100.10 Td (by ) Tj ET Q q 0 0 0 rg BT 205.77 100.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 231.15 100.10 Td (creditors, ) Tj ET Q q 0 0 0 rg BT 270.54 100.10 Td (if ) Tj ET Q q 0 0 0 rg BT 278.55 100.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 298.24 100.10 Td (files ) Tj ET Q q 0 0 0 rg BT 317.36 100.10 Td (for ) Tj ET Q q 0 0 0 rg BT 330.92 100.10 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 375.26 100.10 Td (. ) Tj ET Q q 0 0 0 rg BT 379.53 100.10 Td (This ) Tj ET Q q 0 0 0 rg BT 399.21 100.10 Td (is ) Tj ET Q q 0 0 0 rg BT 407.78 100.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 445.22 100.10 Td (by ) Tj ET Q q 0 0 0 rg BT 457.12 100.10 Td (placing ) Tj ET Q q 0 0 0 rg BT 488.46 100.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 517.57 100.10 Td (restrictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (on ) Tj ET Q q 0 0 0 rg BT 63.32 88.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 89.56 88.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 131.47 88.10 Td (including ) Tj ET Q q 0 0 0 rg BT 172.56 88.10 Td (its ) Tj ET Q q 0 0 0 rg BT 185.33 88.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 236.41 88.10 Td (with ) Tj ET Q q 0 0 0 rg BT 257.51 88.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 281.11 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.86 88.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 357.72 88.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 388.24 88.10 Td (formalities ) Tj ET Q q 0 0 0 rg BT 434.88 88.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 473.74 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.84 88.10 Td (expressly ) Tj ET Q q 0 0 0 rg BT 525.93 88.10 Td (reinforce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 75.42 76.10 Td (status ) Tj ET Q q 0 0 0 rg BT 100.70 76.10 Td (as ) Tj ET Q q 0 0 0 rg BT 111.53 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.47 76.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 150.42 76.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 190.67 76.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 215.94 76.10 Td (from ) Tj ET Q q 0 0 0 rg BT 237.88 76.10 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 260.66 76.10 Td (See ) Tj ET Q q 0 0 0 rg BT 277.60 76.10 Td ("Information ) Tj ET Q q 0 0 0 rg BT 331.40 76.10 Td (About ) Tj ET Q q 0 0 0 rg BT 358.90 76.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 391.95 76.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 427.79 76.10 Td (LLC.") Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.80 742.25 Td (THE OFFERING) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.70 712.25 Td (Borr) Tj ET Q q 0 0 0 rg BT 248.07 712.25 Td (ower) Tj ET Q q 0 0 0 rg BT 268.98 712.25 Td ( Payment Dependent Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 674.48 Td (Issuer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 673.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 673.87 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 217.05 673.87 Td (Funding ) Tj ET Q q 0 0 0 rg BT 252.89 673.87 Td (LLC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 655.48 Td (Securities offered) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 649.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 654.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 224.92 654.87 Td (Payment ) Tj ET Q q 0 0 0 rg BT 262.52 654.87 Td (Dependent ) Tj ET Q q 0 0 0 rg BT 308.44 654.87 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 336.87 654.87 Td (or ) Tj ET Q q 0 0 0 rg BT 347.80 654.87 Td ("Notes," ) Tj ET Q q 0 0 0 rg BT 384.39 654.87 Td (issued ) Tj ET Q q 0 0 0 rg BT 412.00 654.87 Td (in ) Tj ET Q q 0 0 0 rg BT 422.38 654.87 Td (series, ) Tj ET Q q 0 0 0 rg BT 450.25 654.87 Td (with ) Tj ET Q q 0 0 0 rg BT 470.63 654.87 Td (each ) Tj ET Q q 0 0 0 rg BT 491.54 654.87 Td (series ) Tj ET Q q 0 0 0 rg BT 516.91 654.87 Td (dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 644.87 Td (for ) Tj ET Q q 0 0 0 rg BT 198.16 644.87 Td (payment ) Tj ET Q q 0 0 0 rg BT 235.09 644.87 Td (on ) Tj ET Q q 0 0 0 rg BT 247.59 644.87 Td (payments ) Tj ET Q q 0 0 0 rg BT 288.42 644.87 Td (PFL) Tj ET Q q 0 0 0 rg BT 305.46 644.87 Td ( ) Tj ET Q q 0 0 0 rg BT 307.78 644.87 Td (receives ) Tj ET Q q 0 0 0 rg BT 343.03 644.87 Td (on ) Tj ET Q q 0 0 0 rg BT 355.53 644.87 Td (a ) Tj ET Q q 0 0 0 rg BT 362.47 644.87 Td (specific ) Tj ET Q q 0 0 0 rg BT 396.07 644.87 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 455.77 644.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 496.59 644.87 Td (Loan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 626.48 Td (Offering price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 625.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 625.87 Td (100% ) Tj ET Q q 0 0 0 rg BT 209.83 625.87 Td (of ) Tj ET Q q 0 0 0 rg BT 220.66 625.87 Td (the ) Tj ET Q q 0 0 0 rg BT 235.38 625.87 Td (principal ) Tj ET Q q 0 0 0 rg BT 273.42 625.87 Td (amount ) Tj ET Q q 0 0 0 rg BT 305.91 625.87 Td (of ) Tj ET Q q 0 0 0 rg BT 316.74 625.87 Td (each ) Tj ET Q q 0 0 0 rg BT 337.56 625.87 Td (Note.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 607.48 Td (Initial maturity date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 596.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 606.87 Td (Maturities ) Tj ET Q q 0 0 0 rg BT 226.86 606.87 Td (are ) Tj ET Q q 0 0 0 rg BT 240.83 606.87 Td (for ) Tj ET Q q 0 0 0 rg BT 254.24 606.87 Td (three ) Tj ET Q q 0 0 0 rg BT 275.99 606.87 Td (or ) Tj ET Q q 0 0 0 rg BT 286.08 606.87 Td (five ) Tj ET Q q 0 0 0 rg BT 303.38 606.87 Td (years ) Tj ET Q q 0 0 0 rg BT 326.24 606.87 Td (and ) Tj ET Q q 0 0 0 rg BT 342.43 606.87 Td (match ) Tj ET Q q 0 0 0 rg BT 368.62 606.87 Td (the ) Tj ET Q q 0 0 0 rg BT 382.60 606.87 Td (maturity ) Tj ET Q q 0 0 0 rg BT 418.24 606.87 Td (date ) Tj ET Q q 0 0 0 rg BT 436.65 606.87 Td (of ) Tj ET Q q 0 0 0 rg BT 446.74 606.87 Td (the ) Tj ET Q q 0 0 0 rg BT 460.71 606.87 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 519.68 606.87 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 596.87 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 209.39 596.87 Td (PFL) Tj ET Q q 0 0 0 rg BT 226.44 596.87 Td ( ) Tj ET Q q 0 0 0 rg BT 228.60 596.87 Td (may ) Tj ET Q q 0 0 0 rg BT 248.17 596.87 Td (in ) Tj ET Q q 0 0 0 rg BT 258.29 596.87 Td (the ) Tj ET Q q 0 0 0 rg BT 272.86 596.87 Td (future ) Tj ET Q q 0 0 0 rg BT 299.08 596.87 Td (extend ) Tj ET Q q 0 0 0 rg BT 328.08 596.87 Td (the ) Tj ET Q q 0 0 0 rg BT 342.65 596.87 Td (range ) Tj ET Q q 0 0 0 rg BT 367.20 596.87 Td (of ) Tj ET Q q 0 0 0 rg BT 377.88 596.87 Td (available ) Tj ET Q q 0 0 0 rg BT 416.32 596.87 Td (loan ) Tj ET Q q 0 0 0 rg BT 435.88 596.87 Td (terms ) Tj ET Q q 0 0 0 rg BT 460.45 596.87 Td (to ) Tj ET Q q 0 0 0 rg BT 470.57 596.87 Td (between ) Tj ET Q q 0 0 0 rg BT 506.24 596.87 Td (three ) Tj ET Q q 0 0 0 rg BT 528.57 596.87 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 586.87 Td (and ) Tj ET Q q 0 0 0 rg BT 200.19 586.87 Td (seven ) Tj ET Q q 0 0 0 rg BT 224.71 586.87 Td (years, ) Tj ET Q q 0 0 0 rg BT 250.06 586.87 Td (at ) Tj ET Q q 0 0 0 rg BT 259.03 586.87 Td (which ) Tj ET Q q 0 0 0 rg BT 285.22 586.87 Td (time ) Tj ET Q q 0 0 0 rg BT 304.75 586.87 Td (the ) Tj ET Q q 0 0 0 rg BT 318.71 586.87 Td (Notes ) Tj ET Q q 0 0 0 rg BT 343.80 586.87 Td (will ) Tj ET Q q 0 0 0 rg BT 361.11 586.87 Td (have ) Tj ET Q q 0 0 0 rg BT 381.73 586.87 Td (terms ) Tj ET Q q 0 0 0 rg BT 405.70 586.87 Td (between ) Tj ET Q q 0 0 0 rg BT 440.77 586.87 Td (three ) Tj ET Q q 0 0 0 rg BT 462.51 586.87 Td (months ) Tj ET Q q 0 0 0 rg BT 493.71 586.87 Td (and ) Tj ET Q q 0 0 0 rg BT 509.90 586.87 Td (seven ) Tj ET Q q 0 0 0 rg BT 534.42 586.87 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 568.48 Td (Final maturity date /) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 558.48 Td (Extension of maturity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 548.48 Td (date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 532.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 567.87 Td (The ) Tj ET Q q 0 0 0 rg BT 202.20 567.87 Td (final ) Tj ET Q q 0 0 0 rg BT 223.18 567.87 Td (maturity ) Tj ET Q q 0 0 0 rg BT 259.72 567.87 Td (date ) Tj ET Q q 0 0 0 rg BT 279.02 567.87 Td (of ) Tj ET Q q 0 0 0 rg BT 290.01 567.87 Td (each ) Tj ET Q q 0 0 0 rg BT 310.98 567.87 Td (Note ) Tj ET Q q 0 0 0 rg BT 333.07 567.87 Td (is ) Tj ET Q q 0 0 0 rg BT 342.39 567.87 Td (the ) Tj ET Q q 0 0 0 rg BT 357.26 567.87 Td (date ) Tj ET Q q 0 0 0 rg BT 376.57 567.87 Td (that ) Tj ET Q q 0 0 0 rg BT 394.22 567.87 Td (is ) Tj ET Q q 0 0 0 rg BT 403.55 567.87 Td (one ) Tj ET Q q 0 0 0 rg BT 420.64 567.87 Td (year ) Tj ET Q q 0 0 0 rg BT 440.50 567.87 Td (after ) Tj ET Q q 0 0 0 rg BT 461.47 567.87 Td (the ) Tj ET Q q 0 0 0 rg BT 476.34 567.87 Td (initial ) Tj ET Q q 0 0 0 rg BT 502.32 567.87 Td (maturity ) Tj ET Q q 0 0 0 rg BT 538.86 567.87 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 557.87 Td (Each ) Tj ET Q q 0 0 0 rg BT 207.23 557.87 Td (Note ) Tj ET Q q 0 0 0 rg BT 229.92 557.87 Td (matures ) Tj ET Q q 0 0 0 rg BT 264.83 557.87 Td (on ) Tj ET Q q 0 0 0 rg BT 278.08 557.87 Td (the ) Tj ET Q q 0 0 0 rg BT 293.54 557.87 Td (initial ) Tj ET Q q 0 0 0 rg BT 320.12 557.87 Td (maturity ) Tj ET Q q 0 0 0 rg BT 357.25 557.87 Td (date, ) Tj ET Q q 0 0 0 rg BT 379.66 557.87 Td (unless ) Tj ET Q q 0 0 0 rg BT 407.91 557.87 Td (any ) Tj ET Q q 0 0 0 rg BT 425.60 557.87 Td (principal ) Tj ET Q q 0 0 0 rg BT 464.39 557.87 Td (or ) Tj ET Q q 0 0 0 rg BT 475.97 557.87 Td (interest ) Tj ET Q q 0 0 0 rg BT 508.65 557.87 Td (payments ) Tj ET Q q 0 0 0 rg BT 550.23 557.87 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 547.87 Td (respect ) Tj ET Q q 0 0 0 rg BT 213.65 547.87 Td (of ) Tj ET Q q 0 0 0 rg BT 223.32 547.87 Td (the ) Tj ET Q q 0 0 0 rg BT 236.87 547.87 Td (correspond ) Tj ET Q q 0 0 0 rg BT 282.64 547.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 322.30 547.87 Td (Loan ) Tj ET Q q 0 0 0 rg BT 344.18 547.87 Td (remain ) Tj ET Q q 0 0 0 rg BT 373.28 547.87 Td (due ) Tj ET Q q 0 0 0 rg BT 389.06 547.87 Td (and ) Tj ET Q q 0 0 0 rg BT 404.83 547.87 Td (payable ) Tj ET Q q 0 0 0 rg BT 437.26 547.87 Td (to ) Tj ET Q q 0 0 0 rg BT 446.38 547.87 Td (PFL) Tj ET Q q 0 0 0 rg BT 463.42 547.87 Td ( ) Tj ET Q q 0 0 0 rg BT 464.57 547.87 Td (upon ) Tj ET Q q 0 0 0 rg BT 485.91 547.87 Td (the ) Tj ET Q q 0 0 0 rg BT 499.46 547.87 Td (initial ) Tj ET Q q 0 0 0 rg BT 524.13 547.87 Td (maturity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 537.87 Td (date, ) Tj ET Q q 0 0 0 rg BT 206.08 537.87 Td (in ) Tj ET Q q 0 0 0 rg BT 216.78 537.87 Td (which ) Tj ET Q q 0 0 0 rg BT 244.14 537.87 Td (case ) Tj ET Q q 0 0 0 rg BT 264.27 537.87 Td (maturity ) Tj ET Q q 0 0 0 rg BT 301.07 537.87 Td (of ) Tj ET Q q 0 0 0 rg BT 312.33 537.87 Td (the ) Tj ET Q q 0 0 0 rg BT 327.46 537.87 Td (Note ) Tj ET Q q 0 0 0 rg BT 349.83 537.87 Td (will ) Tj ET Q q 0 0 0 rg BT 368.30 537.87 Td (be ) Tj ET Q q 0 0 0 rg BT 380.67 537.87 Td (automatically ) Tj ET Q q 0 0 0 rg BT 438.01 537.87 Td (extended ) Tj ET Q q 0 0 0 rg BT 477.03 537.87 Td (to ) Tj ET Q q 0 0 0 rg BT 487.73 537.87 Td (the ) Tj ET Q q 0 0 0 rg BT 502.87 537.87 Td (final ) Tj ET Q q 0 0 0 rg BT 524.11 537.87 Td (maturity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 527.87 Td (date. ) Tj ET Q q 0 0 0 rg BT 206.25 527.87 Td (Each ) Tj ET Q q 0 0 0 rg BT 229.32 527.87 Td (Note ) Tj ET Q q 0 0 0 rg BT 251.85 527.87 Td (will ) Tj ET Q q 0 0 0 rg BT 270.50 527.87 Td (mature ) Tj ET Q q 0 0 0 rg BT 301.35 527.87 Td (on ) Tj ET Q q 0 0 0 rg BT 314.44 527.87 Td (final ) Tj ET Q q 0 0 0 rg BT 335.85 527.87 Td (maturity ) Tj ET Q q 0 0 0 rg BT 372.83 527.87 Td (date, ) Tj ET Q q 0 0 0 rg BT 395.07 527.87 Td (even ) Tj ET Q q 0 0 0 rg BT 417.04 527.87 Td (if ) Tj ET Q q 0 0 0 rg BT 426.24 527.87 Td (principal ) Tj ET Q q 0 0 0 rg BT 464.87 527.87 Td (or ) Tj ET Q q 0 0 0 rg BT 476.29 527.87 Td (interest ) Tj ET Q q 0 0 0 rg BT 508.81 527.87 Td (payments ) Tj ET Q q 0 0 0 rg BT 550.23 527.87 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 517.87 Td (respect ) Tj ET Q q 0 0 0 rg BT 214.48 517.87 Td (of ) Tj ET Q q 0 0 0 rg BT 224.98 517.87 Td (the ) Tj ET Q q 0 0 0 rg BT 239.36 517.87 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 298.74 517.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 339.22 517.87 Td (Loan ) Tj ET Q q 0 0 0 rg BT 361.94 517.87 Td (remain ) Tj ET Q q 0 0 0 rg BT 391.87 517.87 Td (due ) Tj ET Q q 0 0 0 rg BT 408.47 517.87 Td (and ) Tj ET Q q 0 0 0 rg BT 425.08 517.87 Td (payable. ) Tj ET Q q 0 0 0 rg BT 460.84 517.87 Td (PFL) Tj ET Q q 0 0 0 rg BT 477.89 517.87 Td ( ) Tj ET Q q 0 0 0 rg BT 479.87 517.87 Td (will ) Tj ET Q q 0 0 0 rg BT 497.59 517.87 Td (have ) Tj ET Q q 0 0 0 rg BT 518.64 517.87 Td (no ) Tj ET Q q 0 0 0 rg BT 530.80 517.87 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 507.87 Td (obligation ) Tj ET Q q 0 0 0 rg BT 225.99 507.87 Td (to ) Tj ET Q q 0 0 0 rg BT 235.21 507.87 Td (make ) Tj ET Q q 0 0 0 rg BT 258.30 507.87 Td (payments ) Tj ET Q q 0 0 0 rg BT 298.07 507.87 Td (on ) Tj ET Q q 0 0 0 rg BT 309.51 507.87 Td (the ) Tj ET Q q 0 0 0 rg BT 323.16 507.87 Td (Note ) Tj ET Q q 0 0 0 rg BT 344.04 507.87 Td (after ) Tj ET Q q 0 0 0 rg BT 363.80 507.87 Td (the ) Tj ET Q q 0 0 0 rg BT 377.45 507.87 Td (final ) Tj ET Q q 0 0 0 rg BT 397.22 507.87 Td (maturity ) Tj ET Q q 0 0 0 rg BT 432.54 507.87 Td (date ) Tj ET Q q 0 0 0 rg BT 450.63 507.87 Td (even ) Tj ET Q q 0 0 0 rg BT 470.95 507.87 Td (if ) Tj ET Q q 0 0 0 rg BT 478.50 507.87 Td (it ) Tj ET Q q 0 0 0 rg BT 485.49 507.87 Td (receives ) Tj ET Q q 0 0 0 rg BT 519.69 507.87 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 497.87 Td (on ) Tj ET Q q 0 0 0 rg BT 196.50 497.87 Td (the ) Tj ET Q q 0 0 0 rg BT 211.22 497.87 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 270.92 497.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 311.74 497.87 Td (Loan ) Tj ET Q q 0 0 0 rg BT 334.79 497.87 Td (after ) Tj ET Q q 0 0 0 rg BT 355.61 497.87 Td (such ) Tj ET Q q 0 0 0 rg BT 376.44 497.87 Td (date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 479.48 Td (Interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 468.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 478.87 Td (Each ) Tj ET Q q 0 0 0 rg BT 206.97 478.87 Td (series ) Tj ET Q q 0 0 0 rg BT 232.73 478.87 Td (of ) Tj ET Q q 0 0 0 rg BT 244.04 478.87 Td (Notes ) Tj ET Q q 0 0 0 rg BT 270.36 478.87 Td (will ) Tj ET Q q 0 0 0 rg BT 288.90 478.87 Td (have ) Tj ET Q q 0 0 0 rg BT 310.76 478.87 Td (a ) Tj ET Q q 0 0 0 rg BT 318.19 478.87 Td (stated, ) Tj ET Q q 0 0 0 rg BT 347.00 478.87 Td (fixed ) Tj ET Q q 0 0 0 rg BT 370.53 478.87 Td (interest ) Tj ET Q q 0 0 0 rg BT 402.95 478.87 Td (rate ) Tj ET Q q 0 0 0 rg BT 420.92 478.87 Td (equal ) Tj ET Q q 0 0 0 rg BT 445.56 478.87 Td (to ) Tj ET Q q 0 0 0 rg BT 456.33 478.87 Td (the ) Tj ET Q q 0 0 0 rg BT 471.53 478.87 Td (loan ) Tj ET Q q 0 0 0 rg BT 491.73 478.87 Td (yield ) Tj ET Q q 0 0 0 rg BT 514.71 478.87 Td (percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 468.87 Td (specified ) Tj ET Q q 0 0 0 rg BT 224.50 468.87 Td (in ) Tj ET Q q 0 0 0 rg BT 236.68 468.87 Td (related ) Tj ET Q q 0 0 0 rg BT 268.28 468.87 Td (loan ) Tj ET Q q 0 0 0 rg BT 289.90 468.87 Td (listing ) Tj ET Q q 0 0 0 rg BT 319.31 468.87 Td (as ) Tj ET Q q 0 0 0 rg BT 332.04 468.87 Td (determined ) Tj ET Q q 0 0 0 rg BT 381.43 468.87 Td (by ) Tj ET Q q 0 0 0 rg BT 395.83 468.87 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 419.96 468.87 Td (which ) Tj ET Q q 0 0 0 rg BT 448.80 468.87 Td (is ) Tj ET Q q 0 0 0 rg BT 459.88 468.87 Td (the ) Tj ET Q q 0 0 0 rg BT 476.50 468.87 Td (interest ) Tj ET Q q 0 0 0 rg BT 510.33 468.87 Td (rate ) Tj ET Q q 0 0 0 rg BT 529.72 468.87 Td (for ) Tj ET Q q 0 0 0 rg BT 545.78 468.87 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 458.87 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 243.71 458.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 284.53 458.87 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 310.07 458.87 Td (net ) Tj ET Q q 0 0 0 rg BT 324.79 458.87 Td (of ) Tj ET Q q 0 0 0 rg BT 335.62 458.87 Td (servicing ) Tj ET Q q 0 0 0 rg BT 374.78 458.87 Td (fees.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 440.48 Td (Setting interest rate for) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 430.48 Td (Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 419.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 439.87 Td (Interest ) Tj ET Q q 0 0 0 rg BT 216.64 439.87 Td (rates ) Tj ET Q q 0 0 0 rg BT 238.17 439.87 Td (vary ) Tj ET Q q 0 0 0 rg BT 258.60 439.87 Td (among ) Tj ET Q q 0 0 0 rg BT 288.47 439.87 Td (the ) Tj ET Q q 0 0 0 rg BT 303.34 439.87 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 331.83 439.87 Td (but ) Tj ET Q q 0 0 0 rg BT 347.26 439.87 Td (each ) Tj ET Q q 0 0 0 rg BT 368.23 439.87 Td (series ) Tj ET Q q 0 0 0 rg BT 393.65 439.87 Td (of ) Tj ET Q q 0 0 0 rg BT 404.64 439.87 Td (Notes ) Tj ET Q q 0 0 0 rg BT 430.63 439.87 Td (will ) Tj ET Q q 0 0 0 rg BT 448.84 439.87 Td (have ) Tj ET Q q 0 0 0 rg BT 470.37 439.87 Td (the ) Tj ET Q q 0 0 0 rg BT 485.24 439.87 Td (same ) Tj ET Q q 0 0 0 rg BT 508.44 439.87 Td (interest ) Tj ET Q q 0 0 0 rg BT 540.53 439.87 Td (rate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 429.87 Td (W) Tj ET Q q 0 0 0 rg BT 193.04 429.87 Td (e ) Tj ET Q q 0 0 0 rg BT 200.05 429.87 Td (set ) Tj ET Q q 0 0 0 rg BT 214.13 429.87 Td (the ) Tj ET Q q 0 0 0 rg BT 229.33 429.87 Td (interest ) Tj ET Q q 0 0 0 rg BT 261.74 429.87 Td (rates ) Tj ET Q q 0 0 0 rg BT 283.59 429.87 Td (for ) Tj ET Q q 0 0 0 rg BT 298.22 429.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 339.52 429.87 Td (Loans ) Tj ET Q q 0 0 0 rg BT 366.93 429.87 Td (based ) Tj ET Q q 0 0 0 rg BT 392.68 429.87 Td (on ) Tj ET Q q 0 0 0 rg BT 405.65 429.87 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 439.18 429.87 Td (Ratings, ) Tj ET Q q 0 0 0 rg BT 475.21 429.87 Td (as ) Tj ET Q q 0 0 0 rg BT 486.51 429.87 Td (well ) Tj ET Q q 0 0 0 rg BT 506.71 429.87 Td (as ) Tj ET Q q 0 0 0 rg BT 518.01 429.87 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 419.87 Td (factors ) Tj ET Q q 0 0 0 rg BT 213.85 419.87 Td (such ) Tj ET Q q 0 0 0 rg BT 234.83 419.87 Td (as ) Tj ET Q q 0 0 0 rg BT 245.81 419.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 286.77 419.87 Td (Loan ) Tj ET Q q 0 0 0 rg BT 309.97 419.87 Td (terms, ) Tj ET Q q 0 0 0 rg BT 337.33 419.87 Td (the ) Tj ET Q q 0 0 0 rg BT 352.19 419.87 Td (economic ) Tj ET Q q 0 0 0 rg BT 393.71 419.87 Td (environment ) Tj ET Q q 0 0 0 rg BT 446.90 419.87 Td (and ) Tj ET Q q 0 0 0 rg BT 463.99 419.87 Td (competitive ) Tj ET Q q 0 0 0 rg BT 513.84 419.87 Td (conditions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 409.87 Td (The ) Tj ET Q q 0 0 0 rg BT 201.59 409.87 Td (interest ) Tj ET Q q 0 0 0 rg BT 233.08 409.87 Td (rate ) Tj ET Q q 0 0 0 rg BT 250.11 409.87 Td (on ) Tj ET Q q 0 0 0 rg BT 262.16 409.87 Td (each ) Tj ET Q q 0 0 0 rg BT 282.52 409.87 Td (Note ) Tj ET Q q 0 0 0 rg BT 304.00 409.87 Td (is ) Tj ET Q q 0 0 0 rg BT 312.72 409.87 Td (equal ) Tj ET Q q 0 0 0 rg BT 336.42 409.87 Td (to ) Tj ET Q q 0 0 0 rg BT 346.25 409.87 Td (the ) Tj ET Q q 0 0 0 rg BT 360.51 409.87 Td (interest ) Tj ET Q q 0 0 0 rg BT 391.99 409.87 Td (rate ) Tj ET Q q 0 0 0 rg BT 409.03 409.87 Td (on ) Tj ET Q q 0 0 0 rg BT 421.07 409.87 Td (the ) Tj ET Q q 0 0 0 rg BT 435.34 409.87 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 494.59 409.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 534.96 409.87 Td (Loan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 399.87 Td (net ) Tj ET Q q 0 0 0 rg BT 198.72 399.87 Td (of ) Tj ET Q q 0 0 0 rg BT 209.55 399.87 Td (service ) Tj ET Q q 0 0 0 rg BT 240.36 399.87 Td (fees. ) Tj ET Q q 0 0 0 rg BT 261.46 399.87 Td (See ) Tj ET Q q 0 0 0 rg BT 278.40 399.87 Td (About ) Tj ET Q q 0 0 0 rg BT 310.34 399.87 Td (the ) Tj ET Q q 0 0 0 rg BT 325.05 399.87 Td (Marketplace-Setting ) Tj ET Q q 0 0 0 rg BT 409.19 399.87 Td (Interest ) Tj ET Q q 0 0 0 rg BT 441.68 399.87 Td (Rates ) Tj ET Q q 0 0 0 rg BT 470.83 399.87 Td (for ) Tj ET Q q 0 0 0 rg BT 484.99 399.87 Td (more ) Tj ET Q q 0 0 0 rg BT 508.04 399.87 Td (information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 381.48 Td (Payments on the Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 340.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 380.42 Td (PFL) Tj ET Q q 0 0 0 rg BT 200.86 380.42 Td ( ) Tj ET Q q 0 0 0 rg BT 203.74 380.42 Td (will ) Tj ET Q q 0 0 0 rg BT 222.18 380.42 Td (pay ) Tj ET Q q 0 0 0 rg BT 239.51 380.42 Td (principal ) Tj ET Q q 0 0 0 rg BT 277.93 380.42 Td (and ) Tj ET Q q 0 0 0 rg BT 295.25 380.42 Td (interest ) Tj ET Q q 0 0 0 rg BT 327.57 380.42 Td (on ) Tj ET Q q 0 0 0 rg BT 340.45 380.42 Td (any ) Tj ET Q q 0 0 0 rg BT 357.77 380.42 Td (Note ) Tj ET Q q 0 0 0 rg BT 380.10 380.42 Td (an ) Tj ET Q q 0 0 0 rg BT 392.42 380.42 Td (investor ) Tj ET Q q 0 0 0 rg BT 427.52 380.42 Td (purchases ) Tj ET Q q 0 0 0 rg BT 469.83 380.42 Td (in ) Tj ET Q q 0 0 0 rg BT 480.49 380.42 Td (an ) Tj ET Q q 0 0 0 rg BT 492.81 380.42 Td (amount ) Tj ET Q q 0 0 0 rg BT 525.69 380.42 Td (equal ) Tj ET Q q 0 0 0 rg BT 550.23 380.42 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 370.42 Td (the ) Tj ET Q q 0 0 0 rg BT 199.02 370.42 Td (investor's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 239.73 370.42 Td (pr) Tj ET Q q 0 0 0 rg BT 248.25 370.42 Td (o ) Tj ET Q q 0 0 0 rg BT 256.05 370.42 Td (rata ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.52 370.42 Td (portion ) Tj ET Q q 0 0 0 rg BT 307.21 370.42 Td (of ) Tj ET Q q 0 0 0 rg BT 318.34 370.42 Td (the ) Tj ET Q q 0 0 0 rg BT 333.35 370.42 Td (principal ) Tj ET Q q 0 0 0 rg BT 371.70 370.42 Td (and ) Tj ET Q q 0 0 0 rg BT 388.93 370.42 Td (interest ) Tj ET Q q 0 0 0 rg BT 421.17 370.42 Td (payments, ) Tj ET Q q 0 0 0 rg BT 464.79 370.42 Td (if ) Tj ET Q q 0 0 0 rg BT 473.70 370.42 Td (any) Tj ET Q q 0 0 0 rg BT 487.49 370.42 Td (, ) Tj ET Q q 0 0 0 rg BT 492.79 370.42 Td (PFL) Tj ET Q q 0 0 0 rg BT 509.65 370.42 Td ( ) Tj ET Q q 0 0 0 rg BT 512.45 370.42 Td (receives ) Tj ET Q q 0 0 0 rg BT 548.01 370.42 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 360.42 Td (the ) Tj ET Q q 0 0 0 rg BT 200.05 360.42 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 261.08 360.42 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 303.24 360.42 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 330.11 360.42 Td (net ) Tj ET Q q 0 0 0 rg BT 346.16 360.42 Td (of ) Tj ET Q q 0 0 0 rg BT 358.32 360.42 Td (servicing ) Tj ET Q q 0 0 0 rg BT 398.81 360.42 Td (fees ) Tj ET Q q 0 0 0 rg BT 418.74 360.42 Td (and ) Tj ET Q q 0 0 0 rg BT 437.01 360.42 Td (other ) Tj ET Q q 0 0 0 rg BT 461.38 360.42 Td (char) Tj ET Q q 0 0 0 rg BT 478.41 360.42 Td (ges. ) Tj ET Q q 0 0 0 rg BT 498.07 360.42 Td (See ) Tj ET Q q 0 0 0 rg BT 516.34 360.42 Td ("Of) Tj ET Q q 0 0 0 rg BT 530.79 360.42 Td (fering-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 350.42 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 224.58 350.42 Td (Fees ) Tj ET Q q 0 0 0 rg BT 245.17 350.42 Td (and ) Tj ET Q q 0 0 0 rg BT 261.87 350.42 Td (Other ) Tj ET Q q 0 0 0 rg BT 286.89 350.42 Td (Char) Tj ET Q q 0 0 0 rg BT 306.15 350.42 Td (ges." ) Tj ET Q q 0 0 0 rg BT 328.32 350.42 Td (Each ) Tj ET Q q 0 0 0 rg BT 350.56 350.42 Td (Note ) Tj ET Q q 0 0 0 rg BT 372.26 350.42 Td (will ) Tj ET Q q 0 0 0 rg BT 390.07 350.42 Td (provide ) Tj ET Q q 0 0 0 rg BT 422.88 350.42 Td (for ) Tj ET Q q 0 0 0 rg BT 436.79 350.42 Td (monthly ) Tj ET Q q 0 0 0 rg BT 472.39 350.42 Td (payments ) Tj ET Q q 0 0 0 rg BT 512.97 350.42 Td (over ) Tj ET Q q 0 0 0 rg BT 532.99 350.42 Td (a ) Tj ET Q q 0 0 0 rg BT 539.69 350.42 Td (term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 340.42 Td (equal ) Tj ET Q q 0 0 0 rg BT 208.67 340.42 Td (to ) Tj ET Q q 0 0 0 rg BT 219.46 340.42 Td (the ) Tj ET Q q 0 0 0 rg BT 234.69 340.42 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 294.90 340.42 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 336.24 340.42 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 362.08 340.42 Td (The ) Tj ET Q q 0 0 0 rg BT 380.64 340.42 Td (payment ) Tj ET Q q 0 0 0 rg BT 418.08 340.42 Td (dates ) Tj ET Q q 0 0 0 rg BT 441.64 340.42 Td (for ) Tj ET Q q 0 0 0 rg BT 456.31 340.42 Td (the ) Tj ET Q q 0 0 0 rg BT 471.54 340.42 Td (Notes ) Tj ET Q q 0 0 0 rg BT 497.88 340.42 Td (will ) Tj ET Q q 0 0 0 rg BT 516.45 340.42 Td (fall ) Tj ET Q q 0 0 0 rg BT 532.79 340.42 Td (on ) Tj ET Q q 0 0 0 rg BT 545.80 340.42 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 330.42 Td (sixth ) Tj ET Q q 0 0 0 rg BT 207.46 330.42 Td (business ) Tj ET Q q 0 0 0 rg BT 245.37 330.42 Td (day ) Tj ET Q q 0 0 0 rg BT 263.82 330.42 Td (after ) Tj ET Q q 0 0 0 rg BT 286.15 330.42 Td (the ) Tj ET Q q 0 0 0 rg BT 302.38 330.42 Td (due ) Tj ET Q q 0 0 0 rg BT 320.84 330.42 Td (date ) Tj ET Q q 0 0 0 rg BT 341.51 330.42 Td (for ) Tj ET Q q 0 0 0 rg BT 357.18 330.42 Td (each ) Tj ET Q q 0 0 0 rg BT 379.51 330.42 Td (installment ) Tj ET Q q 0 0 0 rg BT 427.96 330.42 Td (of ) Tj ET Q q 0 0 0 rg BT 440.31 330.42 Td (principal ) Tj ET Q q 0 0 0 rg BT 479.87 330.42 Td (and ) Tj ET Q q 0 0 0 rg BT 498.32 330.42 Td (interest ) Tj ET Q q 0 0 0 rg BT 531.77 330.42 Td (on ) Tj ET Q q 0 0 0 rg BT 545.78 330.42 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 320.42 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 243.26 320.42 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 283.64 320.42 Td (Loan ) Tj ET Q q 0 0 0 rg BT 306.25 320.42 Td (although ) Tj ET Q q 0 0 0 rg BT 343.30 320.42 Td (interest ) Tj ET Q q 0 0 0 rg BT 374.79 320.42 Td (will ) Tj ET Q q 0 0 0 rg BT 392.40 320.42 Td (be ) Tj ET Q q 0 0 0 rg BT 403.90 320.42 Td (deemed ) Tj ET Q q 0 0 0 rg BT 437.05 320.42 Td (to ) Tj ET Q q 0 0 0 rg BT 446.88 320.42 Td (accrue ) Tj ET Q q 0 0 0 rg BT 475.03 320.42 Td (thereon ) Tj ET Q q 0 0 0 rg BT 507.07 320.42 Td (only ) Tj ET Q q 0 0 0 rg BT 526.90 320.42 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 310.42 Td (each ) Tj ET Q q 0 0 0 rg BT 206.76 310.42 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 268.41 310.42 Td (loan ) Tj ET Q q 0 0 0 rg BT 290.08 310.42 Td (payment ) Tj ET Q q 0 0 0 rg BT 328.96 310.42 Td (date. ) Tj ET Q q 0 0 0 rg BT 352.56 310.42 Td (See ) Tj ET Q q 0 0 0 rg BT 371.44 310.42 Td ("Summary ) Tj ET Q q 0 0 0 rg BT 418.86 310.42 Td (of ) Tj ET Q q 0 0 0 rg BT 431.63 310.42 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 476.89 310.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 503.01 310.42 Td (of ) Tj ET Q q 0 0 0 rg BT 515.78 310.42 Td (Notes ) Tj ET Q q 0 0 0 rg BT 543.56 310.42 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 300.42 Td (Administration ) Tj ET Q q 0 0 0 rg BT 246.50 300.42 Td (Agreement-Indenture ) Tj ET Q q 0 0 0 rg BT 335.07 300.42 Td (and ) Tj ET Q q 0 0 0 rg BT 352.01 300.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 376.18 300.42 Td (of ) Tj ET Q q 0 0 0 rg BT 387.01 300.42 Td (Notes" ) Tj ET Q q 0 0 0 rg BT 416.92 300.42 Td (for ) Tj ET Q q 0 0 0 rg BT 431.08 300.42 Td (more ) Tj ET Q q 0 0 0 rg BT 454.13 300.42 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 285.87 Td (Investors ) Tj ET Q q 0 0 0 rg BT 223.08 285.87 Td (will ) Tj ET Q q 0 0 0 rg BT 241.06 285.87 Td (designate ) Tj ET Q q 0 0 0 rg BT 281.24 285.87 Td (PFL) Tj ET Q q 0 0 0 rg BT 298.10 285.87 Td ( ) Tj ET Q q 0 0 0 rg BT 300.52 285.87 Td (to ) Tj ET Q q 0 0 0 rg BT 310.72 285.87 Td (apply ) Tj ET Q q 0 0 0 rg BT 335.36 285.87 Td (the ) Tj ET Q q 0 0 0 rg BT 350.00 285.87 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 387.96 285.87 Td (from ) Tj ET Q q 0 0 0 rg BT 409.82 285.87 Td (the ) Tj ET Q q 0 0 0 rg BT 424.45 285.87 Td (sale ) Tj ET Q q 0 0 0 rg BT 442.42 285.87 Td (of ) Tj ET Q q 0 0 0 rg BT 453.17 285.87 Td (each ) Tj ET Q q 0 0 0 rg BT 473.91 285.87 Td (series ) Tj ET Q q 0 0 0 rg BT 499.10 285.87 Td (of ) Tj ET Q q 0 0 0 rg BT 509.85 285.87 Td (Notes ) Tj ET Q q 0 0 0 rg BT 535.60 285.87 Td (to ) Tj ET Q q 0 0 0 rg BT 545.80 285.87 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 275.87 Td (purchase ) Tj ET Q q 0 0 0 rg BT 222.00 275.87 Td (of ) Tj ET Q q 0 0 0 rg BT 232.80 275.87 Td (the ) Tj ET Q q 0 0 0 rg BT 247.48 275.87 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 307.15 275.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 347.94 275.87 Td (Loan ) Tj ET Q q 0 0 0 rg BT 370.95 275.87 Td (from ) Tj ET Q q 0 0 0 rg BT 392.68 275.87 Td (W) Tj ET Q q 0 0 0 rg BT 401.32 275.87 Td (ebBank. ) Tj ET Q q 0 0 0 rg BT 436.83 275.87 Td (Each ) Tj ET Q q 0 0 0 rg BT 459.28 275.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 500.07 275.87 Td (Loan ) Tj ET Q q 0 0 0 rg BT 523.08 275.87 Td (is ) Tj ET Q q 0 0 0 rg BT 532.22 275.87 Td (a ) Tj ET Q q 0 0 0 rg BT 539.12 275.87 Td (fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 265.87 Td (amortizing ) Tj ET Q q 0 0 0 rg BT 231.40 265.87 Td (consumer ) Tj ET Q q 0 0 0 rg BT 274.36 265.87 Td (loan ) Tj ET Q q 0 0 0 rg BT 295.66 265.87 Td (made ) Tj ET Q q 0 0 0 rg BT 321.40 265.87 Td (by ) Tj ET Q q 0 0 0 rg BT 335.19 265.87 Td (W) Tj ET Q q 0 0 0 rg BT 343.83 265.87 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 378.46 265.87 Td (to ) Tj ET Q q 0 0 0 rg BT 390.32 265.87 Td (an ) Tj ET Q q 0 0 0 rg BT 403.84 265.87 Td (individual ) Tj ET Q q 0 0 0 rg BT 448.47 265.87 Td (borrower) Tj ET Q q 0 0 0 rg BT 484.57 265.87 Td (. ) Tj ET Q q 0 0 0 rg BT 491.16 265.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 533.56 265.87 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 255.87 Td (currently ) Tj ET Q q 0 0 0 rg BT 223.45 255.87 Td (have ) Tj ET Q q 0 0 0 rg BT 245.67 255.87 Td (a ) Tj ET Q q 0 0 0 rg BT 253.47 255.87 Td (term ) Tj ET Q q 0 0 0 rg BT 275.14 255.87 Td (of ) Tj ET Q q 0 0 0 rg BT 286.82 255.87 Td (three ) Tj ET Q q 0 0 0 rg BT 310.16 255.87 Td (or ) Tj ET Q q 0 0 0 rg BT 321.84 255.87 Td (five ) Tj ET Q q 0 0 0 rg BT 340.74 255.87 Td (years, ) Tj ET Q q 0 0 0 rg BT 367.69 255.87 Td (but ) Tj ET Q q 0 0 0 rg BT 383.82 255.87 Td (PFL) Tj ET Q q 0 0 0 rg BT 400.68 255.87 Td ( ) Tj ET Q q 0 0 0 rg BT 404.04 255.87 Td (may ) Tj ET Q q 0 0 0 rg BT 424.61 255.87 Td (in ) Tj ET Q q 0 0 0 rg BT 435.74 255.87 Td (the ) Tj ET Q q 0 0 0 rg BT 451.30 255.87 Td (future ) Tj ET Q q 0 0 0 rg BT 478.53 255.87 Td (extend ) Tj ET Q q 0 0 0 rg BT 508.54 255.87 Td (the ) Tj ET Q q 0 0 0 rg BT 524.11 255.87 Td (range ) Tj ET Q q 0 0 0 rg BT 549.67 255.87 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 245.87 Td (available ) Tj ET Q q 0 0 0 rg BT 221.67 245.87 Td (loan ) Tj ET Q q 0 0 0 rg BT 240.46 245.87 Td (terms ) Tj ET Q q 0 0 0 rg BT 264.26 245.87 Td (to ) Tj ET Q q 0 0 0 rg BT 273.62 245.87 Td (between ) Tj ET Q q 0 0 0 rg BT 308.51 245.87 Td (three ) Tj ET Q q 0 0 0 rg BT 330.07 245.87 Td (months ) Tj ET Q q 0 0 0 rg BT 361.10 245.87 Td (and ) Tj ET Q q 0 0 0 rg BT 377.12 245.87 Td (seven ) Tj ET Q q 0 0 0 rg BT 401.46 245.87 Td (years. ) Tj ET Q q 0 0 0 rg BT 426.64 245.87 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 470.43 245.87 Td (may ) Tj ET Q q 0 0 0 rg BT 489.23 245.87 Td (request ) Tj ET Q q 0 0 0 rg BT 519.68 245.87 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 235.87 Td (Loans ) Tj ET Q q 0 0 0 rg BT 210.88 235.87 Td (within ) Tj ET Q q 0 0 0 rg BT 238.87 235.87 Td (specified ) Tj ET Q q 0 0 0 rg BT 277.40 235.87 Td (minimum ) Tj ET Q q 0 0 0 rg BT 318.73 235.87 Td (and ) Tj ET Q q 0 0 0 rg BT 335.60 235.87 Td (maximum ) Tj ET Q q 0 0 0 rg BT 378.59 235.87 Td (principal ) Tj ET Q q 0 0 0 rg BT 416.57 235.87 Td (amounts ) Tj ET Q q 0 0 0 rg BT 452.89 235.87 Td (\(currently ) Tj ET Q q 0 0 0 rg BT 494.75 235.87 Td (between ) Tj ET Q q 0 0 0 rg BT 530.50 235.87 Td ($2,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 225.87 Td (and ) Tj ET Q q 0 0 0 rg BT 199.94 225.87 Td ($35,000, ) Tj ET Q q 0 0 0 rg BT 236.43 225.87 Td (but ) Tj ET Q q 0 0 0 rg BT 250.71 225.87 Td (which ) Tj ET Q q 0 0 0 rg BT 276.64 225.87 Td (may ) Tj ET Q q 0 0 0 rg BT 295.35 225.87 Td (increase ) Tj ET Q q 0 0 0 rg BT 329.61 225.87 Td (to ) Tj ET Q q 0 0 0 rg BT 338.88 225.87 Td (between ) Tj ET Q q 0 0 0 rg BT 373.69 225.87 Td ($500 ) Tj ET Q q 0 0 0 rg BT 395.19 225.87 Td (and ) Tj ET Q q 0 0 0 rg BT 411.12 225.87 Td ($35,000\), ) Tj ET Q q 0 0 0 rg BT 450.95 225.87 Td (which ) Tj ET Q q 0 0 0 rg BT 476.89 225.87 Td (are ) Tj ET Q q 0 0 0 rg BT 490.59 225.87 Td (subject ) Tj ET Q q 0 0 0 rg BT 520.41 225.87 Td (to ) Tj ET Q q 0 0 0 rg BT 529.69 225.87 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 215.87 Td (from ) Tj ET Q q 0 0 0 rg BT 205.31 215.87 Td (time ) Tj ET Q q 0 0 0 rg BT 224.96 215.87 Td (to ) Tj ET Q q 0 0 0 rg BT 234.60 215.87 Td (time. ) Tj ET Q q 0 0 0 rg BT 256.61 215.87 Td (W) Tj ET Q q 0 0 0 rg BT 265.25 215.87 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 297.67 215.87 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 351.76 215.87 Td (sells ) Tj ET Q q 0 0 0 rg BT 371.41 215.87 Td (and ) Tj ET Q q 0 0 0 rg BT 387.72 215.87 Td (assigns ) Tj ET Q q 0 0 0 rg BT 418.48 215.87 Td (the ) Tj ET Q q 0 0 0 rg BT 432.57 215.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 472.76 215.87 Td (Loans ) Tj ET Q q 0 0 0 rg BT 499.07 215.87 Td (to ) Tj ET Q q 0 0 0 rg BT 508.72 215.87 Td (PFL) Tj ET Q q 0 0 0 rg BT 525.58 215.87 Td ( ) Tj ET Q q 0 0 0 rg BT 527.45 215.87 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 205.87 Td (recourse ) Tj ET Q q 0 0 0 rg BT 220.16 205.87 Td (in ) Tj ET Q q 0 0 0 rg BT 230.22 205.87 Td (exchange ) Tj ET Q q 0 0 0 rg BT 270.27 205.87 Td (for ) Tj ET Q q 0 0 0 rg BT 284.22 205.87 Td (the ) Tj ET Q q 0 0 0 rg BT 298.72 205.87 Td (principal ) Tj ET Q q 0 0 0 rg BT 336.55 205.87 Td (amount ) Tj ET Q q 0 0 0 rg BT 368.84 205.87 Td (of ) Tj ET Q q 0 0 0 rg BT 379.46 205.87 Td (theBorrower ) Tj ET Q q 0 0 0 rg BT 434.78 205.87 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 460.12 205.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 500.73 205.87 Td (Loans ) Tj ET Q q 0 0 0 rg BT 527.46 205.87 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 195.87 Td (for ) Tj ET Q q 0 0 0 rg BT 199.55 195.87 Td (monthly ) Tj ET Q q 0 0 0 rg BT 236.77 195.87 Td (payments ) Tj ET Q q 0 0 0 rg BT 278.98 195.87 Td (over ) Tj ET Q q 0 0 0 rg BT 300.63 195.87 Td (the ) Tj ET Q q 0 0 0 rg BT 316.73 195.87 Td (term ) Tj ET Q q 0 0 0 rg BT 338.94 195.87 Td (equal ) Tj ET Q q 0 0 0 rg BT 364.48 195.87 Td (thereof ) Tj ET Q q 0 0 0 rg BT 396.68 195.87 Td (and ) Tj ET Q q 0 0 0 rg BT 415.01 195.87 Td (are ) Tj ET Q q 0 0 0 rg BT 431.10 195.87 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 475.52 195.87 Td (and ) Tj ET Q q 0 0 0 rg BT 493.85 195.87 Td (unsubordinated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 185.87 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 224.51 185.87 Td (Loans ) Tj ET Q q 0 0 0 rg BT 251.13 185.87 Td (may ) Tj ET Q q 0 0 0 rg BT 270.53 185.87 Td (be ) Tj ET Q q 0 0 0 rg BT 282.15 185.87 Td (repaid ) Tj ET Q q 0 0 0 rg BT 309.32 185.87 Td (at ) Tj ET Q q 0 0 0 rg BT 318.73 185.87 Td (any ) Tj ET Q q 0 0 0 rg BT 335.35 185.87 Td (time ) Tj ET Q q 0 0 0 rg BT 355.31 185.87 Td (by ) Tj ET Q q 0 0 0 rg BT 367.49 185.87 Td (the ) Tj ET Q q 0 0 0 rg BT 381.90 185.87 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 424.62 185.87 Td (without ) Tj ET Q q 0 0 0 rg BT 457.36 185.87 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 506.75 185.87 Td (penalty) Tj ET Q q 0 0 0 rg BT 535.54 185.87 Td (. ) Tj ET Q q 0 0 0 rg BT 540.22 185.87 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 175.87 Td (verifies ) Tj ET Q q 0 0 0 rg BT 217.93 175.87 Td (each ) Tj ET Q q 0 0 0 rg BT 240.20 175.87 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 286.49 175.87 Td (identity ) Tj ET Q q 0 0 0 rg BT 320.99 175.87 Td (against ) Tj ET Q q 0 0 0 rg BT 353.27 175.87 Td (data ) Tj ET Q q 0 0 0 rg BT 373.87 175.87 Td (from ) Tj ET Q q 0 0 0 rg BT 397.26 175.87 Td (consumer ) Tj ET Q q 0 0 0 rg BT 440.09 175.87 Td (reporting ) Tj ET Q q 0 0 0 rg BT 480.69 175.87 Td (agencies ) Tj ET Q q 0 0 0 rg BT 519.06 175.87 Td (and ) Tj ET Q q 0 0 0 rg BT 537.45 175.87 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 165.87 Td (identity ) Tj ET Q q 0 0 0 rg BT 217.11 165.87 Td (and ) Tj ET Q q 0 0 0 rg BT 234.11 165.87 Td (anti-fraud ) Tj ET Q q 0 0 0 rg BT 276.09 165.87 Td (verification ) Tj ET Q q 0 0 0 rg BT 324.74 165.87 Td (databases. ) Tj ET Q q 0 0 0 rg BT 368.12 165.87 Td (Loan ) Tj ET Q q 0 0 0 rg BT 391.23 165.87 Td (listings ) Tj ET Q q 0 0 0 rg BT 422.68 165.87 Td (can ) Tj ET Q q 0 0 0 rg BT 439.12 165.87 Td (be ) Tj ET Q q 0 0 0 rg BT 451.12 165.87 Td (posted ) Tj ET Q q 0 0 0 rg BT 479.79 165.87 Td (without ) Tj ET Q q 0 0 0 rg BT 512.90 165.87 Td (either ) Tj ET Q q 0 0 0 rg BT 538.23 165.87 Td (of ) Tj ET Q q 0 0 0 rg BT 549.12 165.87 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 155.87 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 224.11 155.87 Td (any ) Tj ET Q q 0 0 0 rg BT 240.89 155.87 Td (documentation ) Tj ET Q q 0 0 0 rg BT 302.66 155.87 Td (of ) Tj ET Q q 0 0 0 rg BT 313.33 155.87 Td (the ) Tj ET Q q 0 0 0 rg BT 327.88 155.87 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 372.56 155.87 Td (ability ) Tj ET Q q 0 0 0 rg BT 400.46 155.87 Td (to ) Tj ET Q q 0 0 0 rg BT 410.57 155.87 Td (af) Tj ET Q q 0 0 0 rg BT 418.16 155.87 Td (ford ) Tj ET Q q 0 0 0 rg BT 437.16 155.87 Td (the ) Tj ET Q q 0 0 0 rg BT 451.71 155.87 Td (loan. ) Tj ET Q q 0 0 0 rg BT 473.60 155.87 Td (W) Tj ET Q q 0 0 0 rg BT 482.24 155.87 Td (e ) Tj ET Q q 0 0 0 rg BT 489.02 155.87 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 534.13 155.87 Td (verify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 145.87 Td (the ) Tj ET Q q 0 0 0 rg BT 199.11 145.87 Td (income ) Tj ET Q q 0 0 0 rg BT 231.43 145.87 Td (or ) Tj ET Q q 0 0 0 rg BT 242.65 145.87 Td (employment ) Tj ET Q q 0 0 0 rg BT 295.53 145.87 Td (information ) Tj ET Q q 0 0 0 rg BT 345.64 145.87 Td (provided ) Tj ET Q q 0 0 0 rg BT 384.07 145.87 Td (by ) Tj ET Q q 0 0 0 rg BT 396.96 145.87 Td (applicants. ) Tj ET Q q 0 0 0 rg BT 442.69 145.87 Td (This ) Tj ET Q q 0 0 0 rg BT 463.36 145.87 Td (verification ) Tj ET Q q 0 0 0 rg BT 512.34 145.87 Td (is ) Tj ET Q q 0 0 0 rg BT 521.90 145.87 Td (normally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 135.87 Td (done ) Tj ET Q q 0 0 0 rg BT 205.80 135.87 Td (after ) Tj ET Q q 0 0 0 rg BT 226.48 135.87 Td (the ) Tj ET Q q 0 0 0 rg BT 241.05 135.87 Td (listing ) Tj ET Q q 0 0 0 rg BT 268.42 135.87 Td (has ) Tj ET Q q 0 0 0 rg BT 284.11 135.87 Td (been ) Tj ET Q q 0 0 0 rg BT 305.35 135.87 Td (created ) Tj ET Q q 0 0 0 rg BT 336.57 135.87 Td (but ) Tj ET Q q 0 0 0 rg BT 351.71 135.87 Td (before ) Tj ET Q q 0 0 0 rg BT 379.61 135.87 Td (the ) Tj ET Q q 0 0 0 rg BT 394.19 135.87 Td (loan ) Tj ET Q q 0 0 0 rg BT 413.76 135.87 Td (has ) Tj ET Q q 0 0 0 rg BT 429.45 135.87 Td (funded, ) Tj ET Q q 0 0 0 rg BT 462.08 135.87 Td (and ) Tj ET Q q 0 0 0 rg BT 478.88 135.87 Td (therefore ) Tj ET Q q 0 0 0 rg BT 517.33 135.87 Td (the ) Tj ET Q q 0 0 0 rg BT 531.91 135.87 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 125.87 Td (of ) Tj ET Q q 0 0 0 rg BT 193.68 125.87 Td (the ) Tj ET Q q 0 0 0 rg BT 207.25 125.87 Td (verification ) Tj ET Q q 0 0 0 rg BT 254.69 125.87 Td (are ) Tj ET Q q 0 0 0 rg BT 268.24 125.87 Td (not ) Tj ET Q q 0 0 0 rg BT 282.37 125.87 Td (reflected ) Tj ET Q q 0 0 0 rg BT 318.69 125.87 Td (in ) Tj ET Q q 0 0 0 rg BT 327.82 125.87 Td (the ) Tj ET Q q 0 0 0 rg BT 341.39 125.87 Td (listings. ) Tj ET Q q 0 0 0 rg BT 374.13 125.87 Td (See ) Tj ET Q q 0 0 0 rg BT 389.92 125.87 Td ("About ) Tj ET Q q 0 0 0 rg BT 420.35 125.87 Td (the ) Tj ET Q q 0 0 0 rg BT 433.92 125.87 Td (Marketplace-Borrower ) Tj ET Q q 0 0 0 rg BT 526.89 125.87 Td (Identity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 115.87 Td (and ) Tj ET Q q 0 0 0 rg BT 200.94 115.87 Td (Financial ) Tj ET Q q 0 0 0 rg BT 240.65 115.87 Td (Information ) Tj ET Q q 0 0 0 rg BT 290.73 115.87 Td (V) Tj ET Q q 0 0 0 rg BT 296.85 115.87 Td (erification" ) Tj ET Q q 0 0 0 rg BT 344.52 115.87 Td (for ) Tj ET Q q 0 0 0 rg BT 358.68 115.87 Td (more ) Tj ET Q q 0 0 0 rg BT 381.72 115.87 Td (information.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 739.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 708.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 738.17 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 228.71 738.17 Td (are ) Tj ET Q q 0 0 0 rg BT 243.41 738.17 Td (able ) Tj ET Q q 0 0 0 rg BT 262.57 738.17 Td (to ) Tj ET Q q 0 0 0 rg BT 272.84 738.17 Td (use ) Tj ET Q q 0 0 0 rg BT 288.67 738.17 Td (the ) Tj ET Q q 0 0 0 rg BT 303.38 738.17 Td (loan ) Tj ET Q q 0 0 0 rg BT 323.10 738.17 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 361.13 738.17 Td (for ) Tj ET Q q 0 0 0 rg BT 375.29 738.17 Td (any ) Tj ET Q q 0 0 0 rg BT 392.23 738.17 Td (purpose ) Tj ET Q q 0 0 0 rg BT 426.39 738.17 Td (other ) Tj ET Q q 0 0 0 rg BT 449.43 738.17 Td (than ) Tj ET Q q 0 0 0 rg BT 469.14 738.17 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 481.08 738.17 Td (buying, ) Tj ET Q q 0 0 0 rg BT 513.86 738.17 Td (carrying ) Tj ET Q q 0 0 0 rg BT 549.67 738.17 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 728.17 Td (trading ) Tj ET Q q 0 0 0 rg BT 214.03 728.17 Td (in ) Tj ET Q q 0 0 0 rg BT 223.52 728.17 Td (securities ) Tj ET Q q 0 0 0 rg BT 262.99 728.17 Td (or ) Tj ET Q q 0 0 0 rg BT 273.02 728.17 Td (buying ) Tj ET Q q 0 0 0 rg BT 302.51 728.17 Td (or ) Tj ET Q q 0 0 0 rg BT 312.54 728.17 Td (carrying ) Tj ET Q q 0 0 0 rg BT 347.57 728.17 Td (any ) Tj ET Q q 0 0 0 rg BT 363.71 728.17 Td (part ) Tj ET Q q 0 0 0 rg BT 380.97 728.17 Td (of ) Tj ET Q q 0 0 0 rg BT 391.00 728.17 Td (an ) Tj ET Q q 0 0 0 rg BT 402.15 728.17 Td (investment ) Tj ET Q q 0 0 0 rg BT 447.74 728.17 Td (contract ) Tj ET Q q 0 0 0 rg BT 481.64 728.17 Td (security) Tj ET Q q 0 0 0 rg BT 512.65 728.17 Td (, ) Tj ET Q q 0 0 0 rg BT 516.86 728.17 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 530.78 728.17 Td (paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 718.17 Td (for ) Tj ET Q q 0 0 0 rg BT 198.41 718.17 Td (postsecondary ) Tj ET Q q 0 0 0 rg BT 258.36 718.17 Td (educational ) Tj ET Q q 0 0 0 rg BT 307.20 718.17 Td (expenses ) Tj ET Q q 0 0 0 rg BT 346.05 718.17 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 349.38 718.17 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.59 718.17 Td (, ) Tj ET Q q 0 0 0 rg BT 366.84 718.17 Td (tuition, ) Tj ET Q q 0 0 0 rg BT 398.20 718.17 Td (fees, ) Tj ET Q q 0 0 0 rg BT 419.55 718.17 Td (required ) Tj ET Q q 0 0 0 rg BT 455.61 718.17 Td (equipment ) Tj ET Q q 0 0 0 rg BT 500.57 718.17 Td (or ) Tj ET Q q 0 0 0 rg BT 511.65 718.17 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 549.68 718.17 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 708.17 Td (room ) Tj ET Q q 0 0 0 rg BT 210.69 708.17 Td (and ) Tj ET Q q 0 0 0 rg BT 230.72 708.17 Td (board\) ) Tj ET Q q 0 0 0 rg BT 262.40 708.17 Td (at ) Tj ET Q q 0 0 0 rg BT 275.20 708.17 Td (a ) Tj ET Q q 0 0 0 rg BT 285.23 708.17 Td (college/university/vocational ) Tj ET Q q 0 0 0 rg BT 406.89 708.17 Td (school, ) Tj ET Q q 0 0 0 rg BT 441.08 708.17 Td (as ) Tj ET Q q 0 0 0 rg BT 455.00 708.17 Td (the ) Tj ET Q q 0 0 0 rg BT 472.80 708.17 Td (term ) Tj ET Q q 0 0 0 rg BT 496.71 708.17 Td ("postsecondary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 698.17 Td (educational ) Tj ET Q q 0 0 0 rg BT 232.91 698.17 Td (expenses ) Tj ET Q q 0 0 0 rg BT 271.83 698.17 Td (is ) Tj ET Q q 0 0 0 rg BT 281.31 698.17 Td (defined ) Tj ET Q q 0 0 0 rg BT 314.12 698.17 Td (in ) Tj ET Q q 0 0 0 rg BT 324.72 698.17 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 356.41 698.17 Td (of ) Tj ET Q q 0 0 0 rg BT 367.56 698.17 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 411.49 698.17 Td (Finance ) Tj ET Q q 0 0 0 rg BT 445.96 698.17 Td (Protection ) Tj ET Q q 0 0 0 rg BT 489.88 698.17 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 536.58 698.17 Td (Z, ) Tj ET Q q 0 0 0 rg BT 548.01 698.17 Td (12 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 688.17 Td (C.F) Tj ET Q q 0 0 0 rg BT 197.93 688.17 Td (.R. ) Tj ET Q q 0 0 0 rg BT 212.07 688.17 Td ( ) Tj ET Q q 0 0 0 rg BT 219.54 688.17 Td (1026.46\(b\)\(3\), ) Tj ET Q q 0 0 0 rg BT 280.34 688.17 Td (or ) Tj ET Q q 0 0 0 rg BT 291.14 688.17 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 308.61 688.17 Td (engaging ) Tj ET Q q 0 0 0 rg BT 347.73 688.17 Td (in ) Tj ET Q q 0 0 0 rg BT 357.98 688.17 Td (any ) Tj ET Q q 0 0 0 rg BT 374.90 688.17 Td (illegal ) Tj ET Q q 0 0 0 rg BT 402.36 688.17 Td (activity ) Tj ET Q q 0 0 0 rg BT 434.82 688.17 Td (or ) Tj ET Q q 0 0 0 rg BT 445.62 688.17 Td (gambling, ) Tj ET Q q 0 0 0 rg BT 488.37 688.17 Td (and ) Tj ET Q q 0 0 0 rg BT 505.28 688.17 Td (they ) Tj ET Q q 0 0 0 rg BT 524.97 688.17 Td (warrant, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 678.17 Td (represent ) Tj ET Q q 0 0 0 rg BT 223.15 678.17 Td (and ) Tj ET Q q 0 0 0 rg BT 240.08 678.17 Td (agree ) Tj ET Q q 0 0 0 rg BT 264.23 678.17 Td (that ) Tj ET Q q 0 0 0 rg BT 281.72 678.17 Td (they ) Tj ET Q q 0 0 0 rg BT 301.44 678.17 Td (will ) Tj ET Q q 0 0 0 rg BT 319.50 678.17 Td (not ) Tj ET Q q 0 0 0 rg BT 334.78 678.17 Td (use ) Tj ET Q q 0 0 0 rg BT 350.61 678.17 Td (the ) Tj ET Q q 0 0 0 rg BT 365.32 678.17 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 403.36 678.17 Td (of ) Tj ET Q q 0 0 0 rg BT 414.19 678.17 Td (any ) Tj ET Q q 0 0 0 rg BT 431.13 678.17 Td (loan ) Tj ET Q q 0 0 0 rg BT 450.85 678.17 Td (for ) Tj ET Q q 0 0 0 rg BT 465.01 678.17 Td (such ) Tj ET Q q 0 0 0 rg BT 485.84 678.17 Td (purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 660.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 529.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 659.62 Td (The ) Tj ET Q q 0 0 0 rg BT 201.72 659.62 Td (Notes ) Tj ET Q q 0 0 0 rg BT 227.22 659.62 Td (will ) Tj ET Q q 0 0 0 rg BT 244.95 659.62 Td (not ) Tj ET Q q 0 0 0 rg BT 259.90 659.62 Td (be ) Tj ET Q q 0 0 0 rg BT 271.51 659.62 Td (contractually ) Tj ET Q q 0 0 0 rg BT 325.88 659.62 Td (senior ) Tj ET Q q 0 0 0 rg BT 352.49 659.62 Td (or ) Tj ET Q q 0 0 0 rg BT 362.99 659.62 Td (contractually ) Tj ET Q q 0 0 0 rg BT 417.36 659.62 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 471.19 659.62 Td (to ) Tj ET Q q 0 0 0 rg BT 481.14 659.62 Td (other ) Tj ET Q q 0 0 0 rg BT 503.86 659.62 Td (indebtedness, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 649.62 Td (if ) Tj ET Q q 0 0 0 rg BT 192.60 649.62 Td (any) Tj ET Q q 0 0 0 rg BT 206.71 649.62 Td (, ) Tj ET Q q 0 0 0 rg BT 211.38 649.62 Td (that ) Tj ET Q q 0 0 0 rg BT 228.87 649.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 245.91 649.62 Td ( ) Tj ET Q q 0 0 0 rg BT 248.22 649.62 Td (incurs. ) Tj ET Q q 0 0 0 rg BT 277.38 649.62 Td (All ) Tj ET Q q 0 0 0 rg BT 292.37 649.62 Td (Notes ) Tj ET Q q 0 0 0 rg BT 318.19 649.62 Td (will ) Tj ET Q q 0 0 0 rg BT 336.24 649.62 Td (be ) Tj ET Q q 0 0 0 rg BT 348.17 649.62 Td (special, ) Tj ET Q q 0 0 0 rg BT 380.93 649.62 Td (limited ) Tj ET Q q 0 0 0 rg BT 411.75 649.62 Td (obligations ) Tj ET Q q 0 0 0 rg BT 458.68 649.62 Td (of ) Tj ET Q q 0 0 0 rg BT 469.50 649.62 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 491.73 649.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 508.77 649.62 Td ( ) Tj ET Q q 0 0 0 rg BT 511.08 649.62 Td (was ) Tj ET Q q 0 0 0 rg BT 529.12 649.62 Td (formed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 639.62 Td (by ) Tj ET Q q 0 0 0 rg BT 196.81 639.62 Td (PMI ) Tj ET Q q 0 0 0 rg BT 217.40 639.62 Td (so ) Tj ET Q q 0 0 0 rg BT 229.10 639.62 Td (that, ) Tj ET Q q 0 0 0 rg BT 249.40 639.62 Td (in ) Tj ET Q q 0 0 0 rg BT 259.99 639.62 Td (the ) Tj ET Q q 0 0 0 rg BT 275.01 639.62 Td (event ) Tj ET Q q 0 0 0 rg BT 299.47 639.62 Td (of ) Tj ET Q q 0 0 0 rg BT 310.61 639.62 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 336.90 639.62 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 381.56 639.62 Td (, ) Tj ET Q q 0 0 0 rg BT 386.54 639.62 Td (the ) Tj ET Q q 0 0 0 rg BT 401.56 639.62 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 442.69 639.62 Td (Loans ) Tj ET Q q 0 0 0 rg BT 469.94 639.62 Td (that ) Tj ET Q q 0 0 0 rg BT 487.74 639.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 504.79 639.62 Td ( ) Tj ET Q q 0 0 0 rg BT 507.41 639.62 Td (owns ) Tj ET Q q 0 0 0 rg BT 531.33 639.62 Td (should ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 629.62 Td (be ) Tj ET Q q 0 0 0 rg BT 195.84 629.62 Td (shielded ) Tj ET Q q 0 0 0 rg BT 231.58 629.62 Td (from ) Tj ET Q q 0 0 0 rg BT 253.42 629.62 Td (claims ) Tj ET Q q 0 0 0 rg BT 281.93 629.62 Td (by ) Tj ET Q q 0 0 0 rg BT 294.34 629.62 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 320.22 629.62 Td (creditors, ) Tj ET Q q 0 0 0 rg BT 360.11 629.62 Td (thereby ) Tj ET Q q 0 0 0 rg BT 392.50 629.62 Td (protecting ) Tj ET Q q 0 0 0 rg BT 435.45 629.62 Td (the ) Tj ET Q q 0 0 0 rg BT 450.07 629.62 Td (interests ) Tj ET Q q 0 0 0 rg BT 485.81 629.62 Td (of ) Tj ET Q q 0 0 0 rg BT 496.54 629.62 Td (Note ) Tj ET Q q 0 0 0 rg BT 518.39 629.62 Td (holders ) Tj ET Q q 0 0 0 rg BT 550.23 629.62 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 619.62 Td (those ) Tj ET Q q 0 0 0 rg BT 207.13 619.62 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 247.46 619.62 Td (Loans ) Tj ET Q q 0 0 0 rg BT 273.92 619.62 Td (and ) Tj ET Q q 0 0 0 rg BT 290.38 619.62 Td (the ) Tj ET Q q 0 0 0 rg BT 304.61 619.62 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 342.17 619.62 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 374.95 619.62 Td (This ) Tj ET Q q 0 0 0 rg BT 394.65 619.62 Td (is ) Tj ET Q q 0 0 0 rg BT 403.34 619.62 Td (achieved ) Tj ET Q q 0 0 0 rg BT 440.89 619.62 Td (by ) Tj ET Q q 0 0 0 rg BT 452.91 619.62 Td (placing ) Tj ET Q q 0 0 0 rg BT 484.36 619.62 Td (certain ) Tj ET Q q 0 0 0 rg BT 513.58 619.62 Td (restrictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 609.62 Td (on ) Tj ET Q q 0 0 0 rg BT 197.04 609.62 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 223.00 609.62 Td (activities, ) Tj ET Q q 0 0 0 rg BT 264.63 609.62 Td (including ) Tj ET Q q 0 0 0 rg BT 305.45 609.62 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 352.92 609.62 Td (in ) Tj ET Q q 0 0 0 rg BT 363.73 609.62 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 389.69 609.62 Td (or) Tj ET Q q 0 0 0 rg BT 397.93 609.62 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 449.75 609.62 Td (documents ) Tj ET Q q 0 0 0 rg BT 496.11 609.62 Td (on ) Tj ET Q q 0 0 0 rg BT 509.15 609.62 Td (its ) Tj ET Q q 0 0 0 rg BT 521.63 609.62 Td (ability ) Tj ET Q q 0 0 0 rg BT 550.22 609.62 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 599.62 Td (incur ) Tj ET Q q 0 0 0 rg BT 207.32 599.62 Td (additional ) Tj ET Q q 0 0 0 rg BT 250.08 599.62 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 307.01 599.62 Td (and ) Tj ET Q q 0 0 0 rg BT 324.21 599.62 Td (by ) Tj ET Q q 0 0 0 rg BT 336.99 599.62 Td (implementing ) Tj ET Q q 0 0 0 rg BT 395.30 599.62 Td (certain ) Tj ET Q q 0 0 0 rg BT 425.28 599.62 Td (formalities ) Tj ET Q q 0 0 0 rg BT 471.37 599.62 Td (designed ) Tj ET Q q 0 0 0 rg BT 509.69 599.62 Td (to ) Tj ET Q q 0 0 0 rg BT 520.24 599.62 Td (expressly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 589.62 Td (reinforce ) Tj ET Q q 0 0 0 rg BT 222.32 589.62 Td (its ) Tj ET Q q 0 0 0 rg BT 234.01 589.62 Td (status ) Tj ET Q q 0 0 0 rg BT 259.03 589.62 Td (as ) Tj ET Q q 0 0 0 rg BT 269.60 589.62 Td (a ) Tj ET Q q 0 0 0 rg BT 276.27 589.62 Td (distinct ) Tj ET Q q 0 0 0 rg BT 307.96 589.62 Td (corporate ) Tj ET Q q 0 0 0 rg BT 347.95 589.62 Td (entity ) Tj ET Q q 0 0 0 rg BT 372.96 589.62 Td (from ) Tj ET Q q 0 0 0 rg BT 394.64 589.62 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 417.16 589.62 Td (Nevertheless, ) Tj ET Q q 0 0 0 rg BT 473.54 589.62 Td (the ) Tj ET Q q 0 0 0 rg BT 488.00 589.62 Td (Notes ) Tj ET Q q 0 0 0 rg BT 513.57 589.62 Td (themselves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 579.62 Td (do ) Tj ET Q q 0 0 0 rg BT 197.34 579.62 Td (not ) Tj ET Q q 0 0 0 rg BT 213.45 579.62 Td (restrict ) Tj ET Q q 0 0 0 rg BT 244.55 579.62 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 270.82 579.62 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 316.35 579.62 Td (of ) Tj ET Q q 0 0 0 rg BT 328.01 579.62 Td (other ) Tj ET Q q 0 0 0 rg BT 351.90 579.62 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 406.89 579.62 Td (or ) Tj ET Q q 0 0 0 rg BT 418.56 579.62 Td (the ) Tj ET Q q 0 0 0 rg BT 434.11 579.62 Td (grant ) Tj ET Q q 0 0 0 rg BT 458.00 579.62 Td (or ) Tj ET Q q 0 0 0 rg BT 469.66 579.62 Td (imposition ) Tj ET Q q 0 0 0 rg BT 515.78 579.62 Td (of ) Tj ET Q q 0 0 0 rg BT 527.45 579.62 Td (liens ) Tj ET Q q 0 0 0 rg BT 549.68 579.62 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 569.62 Td (security ) Tj ET Q q 0 0 0 rg BT 218.94 569.62 Td (interests ) Tj ET Q q 0 0 0 rg BT 255.54 569.62 Td (on ) Tj ET Q q 0 0 0 rg BT 268.82 569.62 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 295.03 569.62 Td (assets, ) Tj ET Q q 0 0 0 rg BT 324.14 569.62 Td (and ) Tj ET Q q 0 0 0 rg BT 341.86 569.62 Td (holders ) Tj ET Q q 0 0 0 rg BT 374.58 569.62 Td (of ) Tj ET Q q 0 0 0 rg BT 386.19 569.62 Td (the ) Tj ET Q q 0 0 0 rg BT 401.69 569.62 Td (Notes ) Tj ET Q q 0 0 0 rg BT 428.30 569.62 Td (do ) Tj ET Q q 0 0 0 rg BT 441.58 569.62 Td (not ) Tj ET Q q 0 0 0 rg BT 457.64 569.62 Td (themselves ) Tj ET Q q 0 0 0 rg BT 505.36 569.62 Td (have ) Tj ET Q q 0 0 0 rg BT 527.52 569.62 Td (a ) Tj ET Q q 0 0 0 rg BT 535.24 569.62 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 559.62 Td (security ) Tj ET Q q 0 0 0 rg BT 217.68 559.62 Td (interest ) Tj ET Q q 0 0 0 rg BT 249.14 559.62 Td (in ) Tj ET Q q 0 0 0 rg BT 258.94 559.62 Td (the ) Tj ET Q q 0 0 0 rg BT 273.19 559.62 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 332.42 559.62 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 372.76 559.62 Td (Loan ) Tj ET Q q 0 0 0 rg BT 395.34 559.62 Td (or ) Tj ET Q q 0 0 0 rg BT 405.69 559.62 Td (the ) Tj ET Q q 0 0 0 rg BT 419.93 559.62 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 457.50 559.62 Td (of ) Tj ET Q q 0 0 0 rg BT 467.85 559.62 Td (that ) Tj ET Q q 0 0 0 rg BT 484.87 559.62 Td (loan. ) Tj ET Q q 0 0 0 rg BT 506.44 559.62 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 555.83 559.62 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 549.62 Td (in ) Tj ET Q q 0 0 0 rg BT 194.55 549.62 Td (the ) Tj ET Q q 0 0 0 rg BT 209.54 549.62 Td (event ) Tj ET Q q 0 0 0 rg BT 233.98 549.62 Td (of ) Tj ET Q q 0 0 0 rg BT 245.08 549.62 Td (a ) Tj ET Q q 0 0 0 rg BT 252.29 549.62 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 300.05 549.62 Td (or ) Tj ET Q q 0 0 0 rg BT 311.16 549.62 Td (similar ) Tj ET Q q 0 0 0 rg BT 341.71 549.62 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 388.91 549.62 Td (of ) Tj ET Q q 0 0 0 rg BT 400.01 549.62 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 422.52 549.62 Td (the ) Tj ET Q q 0 0 0 rg BT 437.51 549.62 Td (relative ) Tj ET Q q 0 0 0 rg BT 470.26 549.62 Td (rights ) Tj ET Q q 0 0 0 rg BT 495.82 549.62 Td (of ) Tj ET Q q 0 0 0 rg BT 506.92 549.62 Td (a ) Tj ET Q q 0 0 0 rg BT 514.14 549.62 Td (holder ) Tj ET Q q 0 0 0 rg BT 542.46 549.62 Td (of ) Tj ET Q q 0 0 0 rg BT 553.56 549.62 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 539.62 Td (Note ) Tj ET Q q 0 0 0 rg BT 205.57 539.62 Td (may ) Tj ET Q q 0 0 0 rg BT 224.92 539.62 Td (be ) Tj ET Q q 0 0 0 rg BT 236.48 539.62 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 278.25 539.62 Td (T) Tj ET Q q 0 0 0 rg BT 283.92 539.62 Td (o ) Tj ET Q q 0 0 0 rg BT 290.70 539.62 Td (further ) Tj ET Q q 0 0 0 rg BT 320.04 539.62 Td (limit ) Tj ET Q q 0 0 0 rg BT 341.06 539.62 Td (the ) Tj ET Q q 0 0 0 rg BT 355.41 539.62 Td (risk ) Tj ET Q q 0 0 0 rg BT 372.54 539.62 Td (of ) Tj ET Q q 0 0 0 rg BT 383.00 539.62 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 408.06 539.62 Td (insolvency) Tj ET Q q 0 0 0 rg BT 451.06 539.62 Td (, ) Tj ET Q q 0 0 0 rg BT 455.36 539.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 472.41 539.62 Td ( ) Tj ET Q q 0 0 0 rg BT 474.35 539.62 Td (has ) Tj ET Q q 0 0 0 rg BT 489.81 539.62 Td (therefore ) Tj ET Q q 0 0 0 rg BT 528.03 539.62 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 529.62 Td (the ) Tj ET Q q 0 0 0 rg BT 199.38 529.62 Td (indenture ) Tj ET Q q 0 0 0 rg BT 240.31 529.62 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 272.63 529.62 Td (for ) Tj ET Q q 0 0 0 rg BT 287.45 529.62 Td (the ) Tj ET Q q 0 0 0 rg BT 302.83 529.62 Td (benefit ) Tj ET Q q 0 0 0 rg BT 333.76 529.62 Td (of ) Tj ET Q q 0 0 0 rg BT 345.25 529.62 Td (the ) Tj ET Q q 0 0 0 rg BT 360.64 529.62 Td (Note ) Tj ET Q q 0 0 0 rg BT 383.24 529.62 Td (holders, ) Tj ET Q q 0 0 0 rg BT 418.34 529.62 Td (a ) Tj ET Q q 0 0 0 rg BT 425.94 529.62 Td (security ) Tj ET Q q 0 0 0 rg BT 460.76 529.62 Td (interest ) Tj ET Q q 0 0 0 rg BT 493.36 529.62 Td (in ) Tj ET Q q 0 0 0 rg BT 504.30 529.62 Td (the ) Tj ET Q q 0 0 0 rg BT 519.68 529.62 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 519.62 Td (Loans ) Tj ET Q q 0 0 0 rg BT 212.52 519.62 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 273.81 519.62 Td (to ) Tj ET Q q 0 0 0 rg BT 285.67 519.62 Td (the ) Tj ET Q q 0 0 0 rg BT 301.97 519.62 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 331.88 519.62 Td (the ) Tj ET Q q 0 0 0 rg BT 348.18 519.62 Td (payments ) Tj ET Q q 0 0 0 rg BT 390.59 519.62 Td (and ) Tj ET Q q 0 0 0 rg BT 409.11 519.62 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 448.73 519.62 Td (that ) Tj ET Q q 0 0 0 rg BT 467.81 519.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 484.85 519.62 Td ( ) Tj ET Q q 0 0 0 rg BT 488.75 519.62 Td (receives ) Tj ET Q q 0 0 0 rg BT 525.59 519.62 Td (on ) Tj ET Q q 0 0 0 rg BT 539.67 519.62 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 509.62 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 225.35 509.62 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 255.32 509.62 Td (the ) Tj ET Q q 0 0 0 rg BT 270.57 509.62 Td (bank ) Tj ET Q q 0 0 0 rg BT 293.04 509.62 Td (account ) Tj ET Q q 0 0 0 rg BT 327.16 509.62 Td (in ) Tj ET Q q 0 0 0 rg BT 337.97 509.62 Td (which ) Tj ET Q q 0 0 0 rg BT 365.44 509.62 Td (the ) Tj ET Q q 0 0 0 rg BT 380.69 509.62 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 422.04 509.62 Td (Loan ) Tj ET Q q 0 0 0 rg BT 445.62 509.62 Td (payments ) Tj ET Q q 0 0 0 rg BT 486.98 509.62 Td (are ) Tj ET Q q 0 0 0 rg BT 502.22 509.62 Td (deposited ) Tj ET Q q 0 0 0 rg BT 543.57 509.62 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 499.62 Td (the ) Tj ET Q q 0 0 0 rg BT 198.52 499.62 Td (FBO ) Tj ET Q q 0 0 0 rg BT 220.27 499.62 Td (account. ) Tj ET Q q 0 0 0 rg BT 256.09 499.62 Td (The ) Tj ET Q q 0 0 0 rg BT 273.84 499.62 Td (indenture ) Tj ET Q q 0 0 0 rg BT 313.91 499.62 Td (trustee ) Tj ET Q q 0 0 0 rg BT 342.86 499.62 Td (may ) Tj ET Q q 0 0 0 rg BT 362.38 499.62 Td (exercise ) Tj ET Q q 0 0 0 rg BT 397.43 499.62 Td (its ) Tj ET Q q 0 0 0 rg BT 409.18 499.62 Td (legal ) Tj ET Q q 0 0 0 rg BT 430.91 499.62 Td (rights ) Tj ET Q q 0 0 0 rg BT 455.99 499.62 Td (to ) Tj ET Q q 0 0 0 rg BT 466.07 499.62 Td (the ) Tj ET Q q 0 0 0 rg BT 480.59 499.62 Td (collateral ) Tj ET Q q 0 0 0 rg BT 520.08 499.62 Td (only ) Tj ET Q q 0 0 0 rg BT 540.16 499.62 Td (if ) Tj ET Q q 0 0 0 rg BT 548.57 499.62 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 489.62 Td (event ) Tj ET Q q 0 0 0 rg BT 208.08 489.62 Td (of ) Tj ET Q q 0 0 0 rg BT 218.84 489.62 Td (default ) Tj ET Q q 0 0 0 rg BT 249.03 489.62 Td (has ) Tj ET Q q 0 0 0 rg BT 264.79 489.62 Td (occurred ) Tj ET Q q 0 0 0 rg BT 302.19 489.62 Td (under ) Tj ET Q q 0 0 0 rg BT 327.38 489.62 Td (the ) Tj ET Q q 0 0 0 rg BT 341.77 489.62 Td (Amended ) Tj ET Q q 0 0 0 rg BT 382.80 489.62 Td (and ) Tj ET Q q 0 0 0 rg BT 399.66 489.62 Td (Restated ) Tj ET Q q 0 0 0 rg BT 436.52 489.62 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 477.27 489.62 Td (Payment ) Tj ET Q q 0 0 0 rg BT 514.69 489.62 Td (Dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 479.62 Td (Notes ) Tj ET Q q 0 0 0 rg BT 209.69 479.62 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 250.36 479.62 Td (for ) Tj ET Q q 0 0 0 rg BT 264.38 479.62 Td (the ) Tj ET Q q 0 0 0 rg BT 278.95 479.62 Td (Notes ) Tj ET Q q 0 0 0 rg BT 304.64 479.62 Td (\(the ) Tj ET Q q 0 0 0 rg BT 322.54 479.62 Td ("indenture"\), ) Tj ET Q q 0 0 0 rg BT 376.66 479.62 Td (which ) Tj ET Q q 0 0 0 rg BT 403.46 479.62 Td (would ) Tj ET Q q 0 0 0 rg BT 430.81 479.62 Td (include ) Tj ET Q q 0 0 0 rg BT 462.60 479.62 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 487.89 479.62 Td (becoming ) Tj ET Q q 0 0 0 rg BT 529.68 479.62 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 469.62 Td (to ) Tj ET Q q 0 0 0 rg BT 194.03 469.62 Td (a ) Tj ET Q q 0 0 0 rg BT 200.73 469.62 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 247.97 469.62 Td (or ) Tj ET Q q 0 0 0 rg BT 258.56 469.62 Td (similar ) Tj ET Q q 0 0 0 rg BT 288.58 469.62 Td (proceeding. ) Tj ET Q q 0 0 0 rg BT 337.76 469.62 Td (Only ) Tj ET Q q 0 0 0 rg BT 360.02 469.62 Td (the ) Tj ET Q q 0 0 0 rg BT 374.49 469.62 Td (indenture ) Tj ET Q q 0 0 0 rg BT 414.51 469.62 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 445.92 469.62 Td (not ) Tj ET Q q 0 0 0 rg BT 460.96 469.62 Td (the ) Tj ET Q q 0 0 0 rg BT 475.43 469.62 Td (holders ) Tj ET Q q 0 0 0 rg BT 507.13 469.62 Td (of ) Tj ET Q q 0 0 0 rg BT 517.71 469.62 Td (the ) Tj ET Q q 0 0 0 rg BT 532.18 469.62 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 459.62 Td (has ) Tj ET Q q 0 0 0 rg BT 199.79 459.62 Td (a ) Tj ET Q q 0 0 0 rg BT 206.70 459.62 Td (security ) Tj ET Q q 0 0 0 rg BT 240.82 459.62 Td (interest ) Tj ET Q q 0 0 0 rg BT 272.72 459.62 Td (in ) Tj ET Q q 0 0 0 rg BT 282.96 459.62 Td (the ) Tj ET Q q 0 0 0 rg BT 297.64 459.62 Td (above ) Tj ET Q q 0 0 0 rg BT 323.98 459.62 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 366.15 459.62 Td (If ) Tj ET Q q 0 0 0 rg BT 375.27 459.62 Td (the ) Tj ET Q q 0 0 0 rg BT 389.95 459.62 Td (indenture ) Tj ET Q q 0 0 0 rg BT 430.18 459.62 Td (trustee ) Tj ET Q q 0 0 0 rg BT 459.30 459.62 Td (were ) Tj ET Q q 0 0 0 rg BT 481.19 459.62 Td (to ) Tj ET Q q 0 0 0 rg BT 491.44 459.62 Td (exercise ) Tj ET Q q 0 0 0 rg BT 526.66 459.62 Td (its ) Tj ET Q q 0 0 0 rg BT 538.57 459.62 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 449.62 Td (rights ) Tj ET Q q 0 0 0 rg BT 209.17 449.62 Td (to ) Tj ET Q q 0 0 0 rg BT 219.34 449.62 Td (the ) Tj ET Q q 0 0 0 rg BT 233.94 449.62 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 276.03 449.62 Td (the ) Tj ET Q q 0 0 0 rg BT 290.64 449.62 Td (indenture ) Tj ET Q q 0 0 0 rg BT 330.79 449.62 Td (provides ) Tj ET Q q 0 0 0 rg BT 367.62 449.62 Td (that ) Tj ET Q q 0 0 0 rg BT 385.01 449.62 Td (amounts ) Tj ET Q q 0 0 0 rg BT 421.28 449.62 Td (collected ) Tj ET Q q 0 0 0 rg BT 459.76 449.62 Td (on ) Tj ET Q q 0 0 0 rg BT 472.15 449.62 Td (a ) Tj ET Q q 0 0 0 rg BT 478.98 449.62 Td (particular ) Tj ET Q q 0 0 0 rg BT 519.68 449.62 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 439.62 Td (Loan ) Tj ET Q q 0 0 0 rg BT 207.06 439.62 Td (\(minus ) Tj ET Q q 0 0 0 rg BT 237.35 439.62 Td (allowable ) Tj ET Q q 0 0 0 rg BT 278.74 439.62 Td (fees ) Tj ET Q q 0 0 0 rg BT 297.35 439.62 Td (and ) Tj ET Q q 0 0 0 rg BT 314.31 439.62 Td (expenses\) ) Tj ET Q q 0 0 0 rg BT 356.25 439.62 Td (are ) Tj ET Q q 0 0 0 rg BT 370.97 439.62 Td (to ) Tj ET Q q 0 0 0 rg BT 381.27 439.62 Td (be ) Tj ET Q q 0 0 0 rg BT 393.22 439.62 Td (applied ) Tj ET Q q 0 0 0 rg BT 425.17 439.62 Td (to ) Tj ET Q q 0 0 0 rg BT 435.46 439.62 Td (amounts ) Tj ET Q q 0 0 0 rg BT 471.86 439.62 Td (due ) Tj ET Q q 0 0 0 rg BT 488.81 439.62 Td (and ) Tj ET Q q 0 0 0 rg BT 505.77 439.62 Td (owing ) Tj ET Q q 0 0 0 rg BT 533.28 439.62 Td (on ) Tj ET Q q 0 0 0 rg BT 545.80 439.62 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 429.62 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 242.55 429.62 Td (Note. ) Tj ET Q q 0 0 0 rg BT 265.82 429.62 Td (There ) Tj ET Q q 0 0 0 rg BT 290.39 429.62 Td (can ) Tj ET Q q 0 0 0 rg BT 305.60 429.62 Td (be ) Tj ET Q q 0 0 0 rg BT 316.38 429.62 Td (no ) Tj ET Q q 0 0 0 rg BT 327.72 429.62 Td (assurance, ) Tj ET Q q 0 0 0 rg BT 370.43 429.62 Td (however) Tj ET Q q 0 0 0 rg BT 404.66 429.62 Td (, ) Tj ET Q q 0 0 0 rg BT 408.30 429.62 Td (that ) Tj ET Q q 0 0 0 rg BT 424.63 429.62 Td (the ) Tj ET Q q 0 0 0 rg BT 438.19 429.62 Td (indenture ) Tj ET Q q 0 0 0 rg BT 477.29 429.62 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 507.79 429.62 Td (or ) Tj ET Q q 0 0 0 rg BT 517.46 429.62 Td (ultimately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 419.62 Td (the ) Tj ET Q q 0 0 0 rg BT 199.85 419.62 Td (Note ) Tj ET Q q 0 0 0 rg BT 222.92 419.62 Td (holders, ) Tj ET Q q 0 0 0 rg BT 258.49 419.62 Td (would ) Tj ET Q q 0 0 0 rg BT 287.13 419.62 Td (realize ) Tj ET Q q 0 0 0 rg BT 317.40 419.62 Td (any ) Tj ET Q q 0 0 0 rg BT 335.47 419.62 Td (amounts ) Tj ET Q q 0 0 0 rg BT 372.99 419.62 Td (from ) Tj ET Q q 0 0 0 rg BT 396.06 419.62 Td (the ) Tj ET Q q 0 0 0 rg BT 411.91 419.62 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 455.24 419.62 Td (See ) Tj ET Q q 0 0 0 rg BT 473.31 419.62 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 499.37 419.62 Td (Factors- ) Tj ET Q q 0 0 0 rg BT 535.77 419.62 Td (Risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 409.62 Td (Related ) Tj ET Q q 0 0 0 rg BT 217.97 409.62 Td (to ) Tj ET Q q 0 0 0 rg BT 229.18 409.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 246.22 409.62 Td ( ) Tj ET Q q 0 0 0 rg BT 249.46 409.62 Td (and ) Tj ET Q q 0 0 0 rg BT 267.33 409.62 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 291.04 409.62 Td (Our ) Tj ET Q q 0 0 0 rg BT 310.02 409.62 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 363.42 409.62 Td (and ) Tj ET Q q 0 0 0 rg BT 381.29 409.62 Td (Our ) Tj ET Q q 0 0 0 rg BT 399.78 409.62 Td (Ability ) Tj ET Q q 0 0 0 rg BT 431.27 409.62 Td (to ) Tj ET Q q 0 0 0 rg BT 442.48 409.62 Td (Service ) Tj ET Q q 0 0 0 rg BT 475.89 409.62 Td (the ) Tj ET Q q 0 0 0 rg BT 491.53 409.62 Td (Notes" ) Tj ET Q q 0 0 0 rg BT 522.37 409.62 Td (for ) Tj ET Q q 0 0 0 rg BT 537.46 409.62 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 399.62 Td (information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 381.23 Td (Servicing fees and other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 371.23 Td (charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 325.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 380.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 201.05 380.62 Td ( ) Tj ET Q q 0 0 0 rg BT 202.97 380.62 Td (subtracts ) Tj ET Q q 0 0 0 rg BT 240.62 380.62 Td (a ) Tj ET Q q 0 0 0 rg BT 247.17 380.62 Td (servicing ) Tj ET Q q 0 0 0 rg BT 285.93 380.62 Td (fee ) Tj ET Q q 0 0 0 rg BT 300.24 380.62 Td (from ) Tj ET Q q 0 0 0 rg BT 321.79 380.62 Td (every ) Tj ET Q q 0 0 0 rg BT 346.10 380.62 Td (loan ) Tj ET Q q 0 0 0 rg BT 365.43 380.62 Td (payment ) Tj ET Q q 0 0 0 rg BT 401.97 380.62 Td (it ) Tj ET Q q 0 0 0 rg BT 409.63 380.62 Td (receives. ) Tj ET Q q 0 0 0 rg BT 446.93 380.62 Td (The ) Tj ET Q q 0 0 0 rg BT 464.49 380.62 Td (amount ) Tj ET Q q 0 0 0 rg BT 496.59 380.62 Td (of ) Tj ET Q q 0 0 0 rg BT 507.03 380.62 Td (the ) Tj ET Q q 0 0 0 rg BT 521.35 380.62 Td (servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 370.62 Td (fee ) Tj ET Q q 0 0 0 rg BT 198.59 370.62 Td (deducted ) Tj ET Q q 0 0 0 rg BT 237.07 370.62 Td (from ) Tj ET Q q 0 0 0 rg BT 258.90 370.62 Td (a ) Tj ET Q q 0 0 0 rg BT 265.72 370.62 Td (particular ) Tj ET Q q 0 0 0 rg BT 306.42 370.62 Td (payment ) Tj ET Q q 0 0 0 rg BT 343.24 370.62 Td (is ) Tj ET Q q 0 0 0 rg BT 352.30 370.62 Td (equal ) Tj ET Q q 0 0 0 rg BT 376.34 370.62 Td (to ) Tj ET Q q 0 0 0 rg BT 386.51 370.62 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 399.99 370.62 Td (the ) Tj ET Q q 0 0 0 rg BT 414.59 370.62 Td (product ) Tj ET Q q 0 0 0 rg BT 447.53 370.62 Td (obtained ) Tj ET Q q 0 0 0 rg BT 484.35 370.62 Td (by ) Tj ET Q q 0 0 0 rg BT 496.74 370.62 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 545.79 370.62 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 360.62 Td (applicable ) Tj ET Q q 0 0 0 rg BT 226.93 360.62 Td (annual ) Tj ET Q q 0 0 0 rg BT 255.42 360.62 Td (servicing ) Tj ET Q q 0 0 0 rg BT 293.92 360.62 Td (fee ) Tj ET Q q 0 0 0 rg BT 307.97 360.62 Td (rate ) Tj ET Q q 0 0 0 rg BT 324.79 360.62 Td (by ) Tj ET Q q 0 0 0 rg BT 336.63 360.62 Td (a ) Tj ET Q q 0 0 0 rg BT 342.91 360.62 Td (fraction, ) Tj ET Q q 0 0 0 rg BT 378.34 360.62 Td (the ) Tj ET Q q 0 0 0 rg BT 392.40 360.62 Td (numerator ) Tj ET Q q 0 0 0 rg BT 435.33 360.62 Td (of ) Tj ET Q q 0 0 0 rg BT 445.50 360.62 Td (which ) Tj ET Q q 0 0 0 rg BT 471.78 360.62 Td (is ) Tj ET Q q 0 0 0 rg BT 480.29 360.62 Td (equal ) Tj ET Q q 0 0 0 rg BT 503.79 360.62 Td (to ) Tj ET Q q 0 0 0 rg BT 513.40 360.62 Td (the ) Tj ET Q q 0 0 0 rg BT 527.46 360.62 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 350.62 Td (of ) Tj ET Q q 0 0 0 rg BT 194.34 350.62 Td (days ) Tj ET Q q 0 0 0 rg BT 214.68 350.62 Td (since ) Tj ET Q q 0 0 0 rg BT 237.24 350.62 Td (the ) Tj ET Q q 0 0 0 rg BT 251.47 350.62 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 295.83 350.62 Td (last ) Tj ET Q q 0 0 0 rg BT 311.72 350.62 Td (payment ) Tj ET Q q 0 0 0 rg BT 348.17 350.62 Td (\(or) Tj ET Q q 0 0 0 rg BT 359.63 350.62 Td (, ) Tj ET Q q 0 0 0 rg BT 363.94 350.62 Td (if ) Tj ET Q q 0 0 0 rg BT 372.06 350.62 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 417.66 350.62 Td (since ) Tj ET Q q 0 0 0 rg BT 440.22 350.62 Td (the ) Tj ET Q q 0 0 0 rg BT 454.45 350.62 Td (date ) Tj ET Q q 0 0 0 rg BT 473.12 350.62 Td (on ) Tj ET Q q 0 0 0 rg BT 485.13 350.62 Td (which ) Tj ET Q q 0 0 0 rg BT 511.58 350.62 Td (the ) Tj ET Q q 0 0 0 rg BT 525.81 350.62 Td (relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 340.62 Td (loan ) Tj ET Q q 0 0 0 rg BT 202.47 340.62 Td (was ) Tj ET Q q 0 0 0 rg BT 219.28 340.62 Td (funded\) ) Tj ET Q q 0 0 0 rg BT 251.63 340.62 Td (and ) Tj ET Q q 0 0 0 rg BT 267.32 340.62 Td (the ) Tj ET Q q 0 0 0 rg BT 280.79 340.62 Td (denominator ) Tj ET Q q 0 0 0 rg BT 332.59 340.62 Td (of ) Tj ET Q q 0 0 0 rg BT 342.17 340.62 Td (which ) Tj ET Q q 0 0 0 rg BT 367.86 340.62 Td (is ) Tj ET Q q 0 0 0 rg BT 375.79 340.62 Td (365, ) Tj ET Q q 0 0 0 rg BT 394.54 340.62 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 436.90 340.62 Td (by ) Tj ET Q q 0 0 0 rg BT 448.16 340.62 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 461.07 340.62 Td (the ) Tj ET Q q 0 0 0 rg BT 474.54 340.62 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 522.46 340.62 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 330.62 Td (balance ) Tj ET Q q 0 0 0 rg BT 217.47 330.62 Td (of ) Tj ET Q q 0 0 0 rg BT 228.74 330.62 Td (the ) Tj ET Q q 0 0 0 rg BT 243.90 330.62 Td (loan ) Tj ET Q q 0 0 0 rg BT 264.05 330.62 Td (prior ) Tj ET Q q 0 0 0 rg BT 286.43 330.62 Td (to ) Tj ET Q q 0 0 0 rg BT 297.15 330.62 Td (applying ) Tj ET Q q 0 0 0 rg BT 335.08 330.62 Td (the ) Tj ET Q q 0 0 0 rg BT 350.24 330.62 Td (current ) Tj ET Q q 0 0 0 rg BT 381.50 330.62 Td (payment. ) Tj ET Q q 0 0 0 rg BT 421.25 330.62 Td (The ) Tj ET Q q 0 0 0 rg BT 439.64 330.62 Td (servicing ) Tj ET Q q 0 0 0 rg BT 479.24 330.62 Td (fee ) Tj ET Q q 0 0 0 rg BT 494.38 330.62 Td (rate ) Tj ET Q q 0 0 0 rg BT 512.31 330.62 Td (is ) Tj ET Q q 0 0 0 rg BT 521.92 330.62 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 320.62 Td (set ) Tj ET Q q 0 0 0 rg BT 198.23 320.62 Td (at ) Tj ET Q q 0 0 0 rg BT 208.58 320.62 Td (1% ) Tj ET Q q 0 0 0 rg BT 225.03 320.62 Td (per ) Tj ET Q q 0 0 0 rg BT 240.93 320.62 Td (annum ) Tj ET Q q 0 0 0 rg BT 271.27 320.62 Td (of ) Tj ET Q q 0 0 0 rg BT 282.73 320.62 Td (the ) Tj ET Q q 0 0 0 rg BT 298.07 320.62 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 347.86 320.62 Td (principal ) Tj ET Q q 0 0 0 rg BT 386.53 320.62 Td (balance ) Tj ET Q q 0 0 0 rg BT 420.19 320.62 Td (of ) Tj ET Q q 0 0 0 rg BT 431.65 320.62 Td (the ) Tj ET Q q 0 0 0 rg BT 446.99 320.62 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 507.32 320.62 Td (loan ) Tj ET Q q 0 0 0 rg BT 527.67 320.62 Td (prior ) Tj ET Q q 0 0 0 rg BT 550.23 320.62 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 310.62 Td (applying ) Tj ET Q q 0 0 0 rg BT 221.20 310.62 Td (the ) Tj ET Q q 0 0 0 rg BT 235.63 310.62 Td (current ) Tj ET Q q 0 0 0 rg BT 266.16 310.62 Td (payment, ) Tj ET Q q 0 0 0 rg BT 305.30 310.62 Td (but ) Tj ET Q q 0 0 0 rg BT 320.29 310.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 337.33 310.62 Td ( ) Tj ET Q q 0 0 0 rg BT 339.36 310.62 Td (may ) Tj ET Q q 0 0 0 rg BT 358.78 310.62 Td (increase ) Tj ET Q q 0 0 0 rg BT 393.75 310.62 Td (that ) Tj ET Q q 0 0 0 rg BT 410.95 310.62 Td (in ) Tj ET Q q 0 0 0 rg BT 420.94 310.62 Td (the ) Tj ET Q q 0 0 0 rg BT 435.36 310.62 Td (future ) Tj ET Q q 0 0 0 rg BT 461.45 310.62 Td (to ) Tj ET Q q 0 0 0 rg BT 471.44 310.62 Td (a ) Tj ET Q q 0 0 0 rg BT 478.09 310.62 Td (rate ) Tj ET Q q 0 0 0 rg BT 495.28 310.62 Td (greater ) Tj ET Q q 0 0 0 rg BT 525.25 310.62 Td (than ) Tj ET Q q 0 0 0 rg BT 544.67 310.62 Td (1% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 300.62 Td (but ) Tj ET Q q 0 0 0 rg BT 198.61 300.62 Td (less ) Tj ET Q q 0 0 0 rg BT 215.44 300.62 Td (than ) Tj ET Q q 0 0 0 rg BT 234.49 300.62 Td (or ) Tj ET Q q 0 0 0 rg BT 244.65 300.62 Td (equal ) Tj ET Q q 0 0 0 rg BT 268.14 300.62 Td (to ) Tj ET Q q 0 0 0 rg BT 277.75 300.62 Td (3% ) Tj ET Q q 0 0 0 rg BT 292.91 300.62 Td (per ) Tj ET Q q 0 0 0 rg BT 307.51 300.62 Td (annum. ) Tj ET Q q 0 0 0 rg BT 338.93 300.62 Td (Any ) Tj ET Q q 0 0 0 rg BT 357.70 300.62 Td (change ) Tj ET Q q 0 0 0 rg BT 387.85 300.62 Td (to ) Tj ET Q q 0 0 0 rg BT 397.46 300.62 Td (the ) Tj ET Q q 0 0 0 rg BT 411.51 300.62 Td (servicing ) Tj ET Q q 0 0 0 rg BT 449.99 300.62 Td (fee ) Tj ET Q q 0 0 0 rg BT 464.03 300.62 Td (will ) Tj ET Q q 0 0 0 rg BT 481.42 300.62 Td (only ) Tj ET Q q 0 0 0 rg BT 501.03 300.62 Td (apply ) Tj ET Q q 0 0 0 rg BT 525.08 300.62 Td (to ) Tj ET Q q 0 0 0 rg BT 534.68 300.62 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 290.62 Td (of) Tj ET Q q 0 0 0 rg BT 192.24 290.62 Td (fered ) Tj ET Q q 0 0 0 rg BT 215.90 290.62 Td (and ) Tj ET Q q 0 0 0 rg BT 233.55 290.62 Td (sold ) Tj ET Q q 0 0 0 rg BT 253.44 290.62 Td (after ) Tj ET Q q 0 0 0 rg BT 274.97 290.62 Td (the ) Tj ET Q q 0 0 0 rg BT 290.40 290.62 Td (date ) Tj ET Q q 0 0 0 rg BT 310.27 290.62 Td (of ) Tj ET Q q 0 0 0 rg BT 321.81 290.62 Td (the ) Tj ET Q q 0 0 0 rg BT 337.24 290.62 Td (change. ) Tj ET Q q 0 0 0 rg BT 371.27 290.62 Td (Listings ) Tj ET Q q 0 0 0 rg BT 406.71 290.62 Td (set ) Tj ET Q q 0 0 0 rg BT 421.04 290.62 Td (forth ) Tj ET Q q 0 0 0 rg BT 443.69 290.62 Td (the ) Tj ET Q q 0 0 0 rg BT 459.12 290.62 Td (applicable ) Tj ET Q q 0 0 0 rg BT 503.42 290.62 Td (servicing ) Tj ET Q q 0 0 0 rg BT 543.29 290.62 Td (fee. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 280.62 Td (Because ) Tj ET Q q 0 0 0 rg BT 220.15 280.62 Td (servicing ) Tj ET Q q 0 0 0 rg BT 259.65 280.62 Td (fees ) Tj ET Q q 0 0 0 rg BT 278.58 280.62 Td (reduce ) Tj ET Q q 0 0 0 rg BT 308.07 280.62 Td (the ) Tj ET Q q 0 0 0 rg BT 323.12 280.62 Td (ef) Tj ET Q q 0 0 0 rg BT 330.80 280.62 Td (fective ) Tj ET Q q 0 0 0 rg BT 360.75 280.62 Td (yield ) Tj ET Q q 0 0 0 rg BT 383.59 280.62 Td (to ) Tj ET Q q 0 0 0 rg BT 394.20 280.62 Td (investors, ) Tj ET Q q 0 0 0 rg BT 435.65 280.62 Td (the ) Tj ET Q q 0 0 0 rg BT 450.70 280.62 Td (yield ) Tj ET Q q 0 0 0 rg BT 473.54 280.62 Td (percentage ) Tj ET Q q 0 0 0 rg BT 519.68 280.62 Td (displayed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 270.62 Td (in ) Tj ET Q q 0 0 0 rg BT 194.28 270.62 Td (each ) Tj ET Q q 0 0 0 rg BT 215.09 270.62 Td (listing ) Tj ET Q q 0 0 0 rg BT 242.60 270.62 Td (is ) Tj ET Q q 0 0 0 rg BT 251.77 270.62 Td (net ) Tj ET Q q 0 0 0 rg BT 266.49 270.62 Td (of ) Tj ET Q q 0 0 0 rg BT 277.32 270.62 Td (servicing ) Tj ET Q q 0 0 0 rg BT 316.47 270.62 Td (fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 252.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 206.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 251.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 201.05 251.62 Td ( ) Tj ET Q q 0 0 0 rg BT 204.69 251.62 Td (will ) Tj ET Q q 0 0 0 rg BT 224.07 251.62 Td (retain ) Tj ET Q q 0 0 0 rg BT 250.67 251.62 Td (any ) Tj ET Q q 0 0 0 rg BT 268.93 251.62 Td (non-suf) Tj ET Q q 0 0 0 rg BT 299.39 251.62 Td (ficient ) Tj ET Q q 0 0 0 rg BT 328.67 251.62 Td (funds ) Tj ET Q q 0 0 0 rg BT 354.72 251.62 Td (fees ) Tj ET Q q 0 0 0 rg BT 374.65 251.62 Td (char) Tj ET Q q 0 0 0 rg BT 391.77 251.62 Td (ged ) Tj ET Q q 0 0 0 rg BT 409.94 251.62 Td (to ) Tj ET Q q 0 0 0 rg BT 421.55 251.62 Td (a ) Tj ET Q q 0 0 0 rg BT 429.82 251.62 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 475.99 251.62 Td (account ) Tj ET Q q 0 0 0 rg BT 510.91 251.62 Td (to ) Tj ET Q q 0 0 0 rg BT 522.52 251.62 Td (cover ) Tj ET Q q 0 0 0 rg BT 548.55 251.62 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 241.62 Td (administrative ) Tj ET Q q 0 0 0 rg BT 242.95 241.62 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 283.29 241.62 Td (If ) Tj ET Q q 0 0 0 rg BT 291.70 241.62 Td (a ) Tj ET Q q 0 0 0 rg BT 297.88 241.62 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 337.95 241.62 Td (Loan ) Tj ET Q q 0 0 0 rg BT 360.24 241.62 Td (enters ) Tj ET Q q 0 0 0 rg BT 385.86 241.62 Td (collection, ) Tj ET Q q 0 0 0 rg BT 429.53 241.62 Td (either ) Tj ET Q q 0 0 0 rg BT 454.04 241.62 Td (of ) Tj ET Q q 0 0 0 rg BT 464.12 241.62 Td (us, ) Tj ET Q q 0 0 0 rg BT 477.25 241.62 Td (a ) Tj ET Q q 0 0 0 rg BT 483.44 241.62 Td (third ) Tj ET Q q 0 0 0 rg BT 504.07 241.62 Td (party ) Tj ET Q q 0 0 0 rg BT 526.36 241.62 Td (servicer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 231.62 Td (or ) Tj ET Q q 0 0 0 rg BT 193.91 231.62 Td (a ) Tj ET Q q 0 0 0 rg BT 199.94 231.62 Td (collection ) Tj ET Q q 0 0 0 rg BT 240.95 231.62 Td (agency ) Tj ET Q q 0 0 0 rg BT 270.85 231.62 Td (may ) Tj ET Q q 0 0 0 rg BT 289.65 231.62 Td (char) Tj ET Q q 0 0 0 rg BT 306.76 231.62 Td (ge ) Tj ET Q q 0 0 0 rg BT 317.70 231.62 Td (a ) Tj ET Q q 0 0 0 rg BT 323.72 231.62 Td (collection ) Tj ET Q q 0 0 0 rg BT 364.73 231.62 Td (fee ) Tj ET Q q 0 0 0 rg BT 378.52 231.62 Td (of ) Tj ET Q q 0 0 0 rg BT 388.43 231.62 Td (up ) Tj ET Q q 0 0 0 rg BT 400.02 231.62 Td (to ) Tj ET Q q 0 0 0 rg BT 409.38 231.62 Td (40% ) Tj ET Q q 0 0 0 rg BT 429.29 231.62 Td (of ) Tj ET Q q 0 0 0 rg BT 439.21 231.62 Td (any ) Tj ET Q q 0 0 0 rg BT 455.23 231.62 Td (amounts ) Tj ET Q q 0 0 0 rg BT 490.70 231.62 Td (that ) Tj ET Q q 0 0 0 rg BT 507.28 231.62 Td (are ) Tj ET Q q 0 0 0 rg BT 521.07 231.62 Td (obtained, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 221.62 Td (in ) Tj ET Q q 0 0 0 rg BT 194.28 221.62 Td (addition ) Tj ET Q q 0 0 0 rg BT 229.55 221.62 Td (to ) Tj ET Q q 0 0 0 rg BT 239.82 221.62 Td (any ) Tj ET Q q 0 0 0 rg BT 256.76 221.62 Td (legal ) Tj ET Q q 0 0 0 rg BT 278.69 221.62 Td (fees ) Tj ET Q q 0 0 0 rg BT 297.29 221.62 Td (and ) Tj ET Q q 0 0 0 rg BT 314.22 221.62 Td (transaction ) Tj ET Q q 0 0 0 rg BT 360.59 221.62 Td (fees ) Tj ET Q q 0 0 0 rg BT 379.19 221.62 Td (associated ) Tj ET Q q 0 0 0 rg BT 422.78 221.62 Td (with ) Tj ET Q q 0 0 0 rg BT 443.06 221.62 Td (accepting ) Tj ET Q q 0 0 0 rg BT 483.86 221.62 Td (payments ) Tj ET Q q 0 0 0 rg BT 524.69 221.62 Td (incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 211.62 Td (in ) Tj ET Q q 0 0 0 rg BT 193.98 211.62 Td (the ) Tj ET Q q 0 0 0 rg BT 208.41 211.62 Td (collection ) Tj ET Q q 0 0 0 rg BT 250.04 211.62 Td (ef) Tj ET Q q 0 0 0 rg BT 257.72 211.62 Td (fort. ) Tj ET Q q 0 0 0 rg BT 276.71 211.62 Td (The ) Tj ET Q q 0 0 0 rg BT 294.37 211.62 Td (collection ) Tj ET Q q 0 0 0 rg BT 336.00 211.62 Td (fee ) Tj ET Q q 0 0 0 rg BT 350.42 211.62 Td (will ) Tj ET Q q 0 0 0 rg BT 368.18 211.62 Td (vary ) Tj ET Q q 0 0 0 rg BT 388.15 211.62 Td (depending ) Tj ET Q q 0 0 0 rg BT 432.01 211.62 Td (on ) Tj ET Q q 0 0 0 rg BT 444.22 211.62 Td (whether ) Tj ET Q q 0 0 0 rg BT 478.63 211.62 Td (we ) Tj ET Q q 0 0 0 rg BT 492.50 211.62 Td (use ) Tj ET Q q 0 0 0 rg BT 508.04 211.62 Td (our ) Tj ET Q q 0 0 0 rg BT 523.57 211.62 Td (in-house ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 201.62 Td (collections ) Tj ET Q q 0 0 0 rg BT 229.78 201.62 Td (department, ) Tj ET Q q 0 0 0 rg BT 279.72 201.62 Td (a ) Tj ET Q q 0 0 0 rg BT 286.62 201.62 Td (third ) Tj ET Q q 0 0 0 rg BT 307.97 201.62 Td (party ) Tj ET Q q 0 0 0 rg BT 330.97 201.62 Td (servicer's ) Tj ET Q q 0 0 0 rg BT 370.77 201.62 Td (in-house ) Tj ET Q q 0 0 0 rg BT 407.67 201.62 Td (collections ) Tj ET Q q 0 0 0 rg BT 453.45 201.62 Td (department ) Tj ET Q q 0 0 0 rg BT 500.89 201.62 Td (or ) Tj ET Q q 0 0 0 rg BT 511.68 201.62 Td (a ) Tj ET Q q 0 0 0 rg BT 518.58 201.62 Td (collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 191.62 Td (agency) Tj ET Q q 0 0 0 rg BT 211.99 191.62 Td (. ) Tj ET Q q 0 0 0 rg BT 216.41 191.62 Td (If ) Tj ET Q q 0 0 0 rg BT 225.31 191.62 Td (a ) Tj ET Q q 0 0 0 rg BT 232.00 191.62 Td (third ) Tj ET Q q 0 0 0 rg BT 253.13 191.62 Td (party ) Tj ET Q q 0 0 0 rg BT 275.92 191.62 Td (servicer ) Tj ET Q q 0 0 0 rg BT 309.81 191.62 Td (or ) Tj ET Q q 0 0 0 rg BT 320.38 191.62 Td (a ) Tj ET Q q 0 0 0 rg BT 327.06 191.62 Td (collection ) Tj ET Q q 0 0 0 rg BT 368.73 191.62 Td (agency ) Tj ET Q q 0 0 0 rg BT 399.29 191.62 Td (is ) Tj ET Q q 0 0 0 rg BT 408.21 191.62 Td (used, ) Tj ET Q q 0 0 0 rg BT 431.28 191.62 Td (the ) Tj ET Q q 0 0 0 rg BT 445.74 191.62 Td (fee ) Tj ET Q q 0 0 0 rg BT 460.19 191.62 Td (will ) Tj ET Q q 0 0 0 rg BT 477.99 191.62 Td (also ) Tj ET Q q 0 0 0 rg BT 496.34 191.62 Td (vary ) Tj ET Q q 0 0 0 rg BT 516.36 191.62 Td (depending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 181.62 Td (on ) Tj ET Q q 0 0 0 rg BT 196.83 181.62 Td (the ) Tj ET Q q 0 0 0 rg BT 211.89 181.62 Td (third ) Tj ET Q q 0 0 0 rg BT 233.61 181.62 Td (party ) Tj ET Q q 0 0 0 rg BT 256.99 181.62 Td (servicer ) Tj ET Q q 0 0 0 rg BT 291.47 181.62 Td (or ) Tj ET Q q 0 0 0 rg BT 302.63 181.62 Td (collection ) Tj ET Q q 0 0 0 rg BT 344.90 181.62 Td (agency ) Tj ET Q q 0 0 0 rg BT 376.05 181.62 Td (used. ) Tj ET Q q 0 0 0 rg BT 399.60 181.62 Td (These ) Tj ET Q q 0 0 0 rg BT 426.22 181.62 Td (fees ) Tj ET Q q 0 0 0 rg BT 445.15 181.62 Td (will ) Tj ET Q q 0 0 0 rg BT 463.54 181.62 Td (correspondingly ) Tj ET Q q 0 0 0 rg BT 531.36 181.62 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 171.62 Td (the ) Tj ET Q q 0 0 0 rg BT 198.34 171.62 Td (amounts ) Tj ET Q q 0 0 0 rg BT 234.36 171.62 Td (of ) Tj ET Q q 0 0 0 rg BT 244.81 171.62 Td (any ) Tj ET Q q 0 0 0 rg BT 261.38 171.62 Td (payments ) Tj ET Q q 0 0 0 rg BT 301.83 171.62 Td (that ) Tj ET Q q 0 0 0 rg BT 318.95 171.62 Td (Note ) Tj ET Q q 0 0 0 rg BT 340.52 171.62 Td (holders ) Tj ET Q q 0 0 0 rg BT 372.08 171.62 Td (receive ) Tj ET Q q 0 0 0 rg BT 403.07 171.62 Td (on ) Tj ET Q q 0 0 0 rg BT 415.20 171.62 Td (the ) Tj ET Q q 0 0 0 rg BT 429.54 171.62 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 488.87 171.62 Td (Notes ) Tj ET Q q 0 0 0 rg BT 514.33 171.62 Td (and ) Tj ET Q q 0 0 0 rg BT 530.89 171.62 Td (are ) Tj ET Q q 0 0 0 rg BT 545.23 171.62 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 161.62 Td (reflected ) Tj ET Q q 0 0 0 rg BT 221.47 161.62 Td (in ) Tj ET Q q 0 0 0 rg BT 231.75 161.62 Td (the ) Tj ET Q q 0 0 0 rg BT 246.47 161.62 Td (yield ) Tj ET Q q 0 0 0 rg BT 268.96 161.62 Td (percentage ) Tj ET Q q 0 0 0 rg BT 314.76 161.62 Td (displayed ) Tj ET Q q 0 0 0 rg BT 355.59 161.62 Td (in ) Tj ET Q q 0 0 0 rg BT 365.87 161.62 Td (listings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 143.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 142.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 142.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 201.05 142.62 Td ( ) Tj ET Q q 0 0 0 rg BT 203.36 142.62 Td (will ) Tj ET Q q 0 0 0 rg BT 221.42 142.62 Td (pay ) Tj ET Q q 0 0 0 rg BT 238.36 142.62 Td (investors ) Tj ET Q q 0 0 0 rg BT 276.96 142.62 Td (any ) Tj ET Q q 0 0 0 rg BT 293.90 142.62 Td (late ) Tj ET Q q 0 0 0 rg BT 310.84 142.62 Td (fees ) Tj ET Q q 0 0 0 rg BT 329.43 142.62 Td (it ) Tj ET Q q 0 0 0 rg BT 337.49 142.62 Td (receives ) Tj ET Q q 0 0 0 rg BT 372.75 142.62 Td (on ) Tj ET Q q 0 0 0 rg BT 385.25 142.62 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 426.07 142.62 Td (Loans.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 124.23 Td (Use of proceeds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 123.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 123.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 200.86 123.62 Td ( ) Tj ET Q q 0 0 0 rg BT 202.55 123.62 Td (will ) Tj ET Q q 0 0 0 rg BT 219.79 123.62 Td (use ) Tj ET Q q 0 0 0 rg BT 234.81 123.62 Td (the ) Tj ET Q q 0 0 0 rg BT 248.72 123.62 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 285.94 123.62 Td (of ) Tj ET Q q 0 0 0 rg BT 295.96 123.62 Td (each ) Tj ET Q q 0 0 0 rg BT 315.97 123.62 Td (series ) Tj ET Q q 0 0 0 rg BT 340.42 123.62 Td (of ) Tj ET Q q 0 0 0 rg BT 350.44 123.62 Td (Notes ) Tj ET Q q 0 0 0 rg BT 375.46 123.62 Td (to ) Tj ET Q q 0 0 0 rg BT 384.93 123.62 Td (purchase ) Tj ET Q q 0 0 0 rg BT 422.15 123.62 Td (the ) Tj ET Q q 0 0 0 rg BT 436.06 123.62 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 494.95 123.62 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 534.96 123.62 Td (Loan.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 738.23 Td (Electronic form and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 728.23 Td (transferability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 707.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 737.17 Td (Notes ) Tj ET Q q 0 0 0 rg BT 209.83 737.17 Td (will ) Tj ET Q q 0 0 0 rg BT 227.88 737.17 Td (be ) Tj ET Q q 0 0 0 rg BT 239.81 737.17 Td (issued ) Tj ET Q q 0 0 0 rg BT 267.31 737.17 Td (in ) Tj ET Q q 0 0 0 rg BT 277.59 737.17 Td (electronic ) Tj ET Q q 0 0 0 rg BT 319.50 737.17 Td (form ) Tj ET Q q 0 0 0 rg BT 341.44 737.17 Td (only ) Tj ET Q q 0 0 0 rg BT 361.71 737.17 Td (and ) Tj ET Q q 0 0 0 rg BT 378.65 737.17 Td (will ) Tj ET Q q 0 0 0 rg BT 396.70 737.17 Td (not ) Tj ET Q q 0 0 0 rg BT 411.98 737.17 Td (be ) Tj ET Q q 0 0 0 rg BT 423.91 737.17 Td (listed ) Tj ET Q q 0 0 0 rg BT 448.07 737.17 Td (on ) Tj ET Q q 0 0 0 rg BT 460.57 737.17 Td (any ) Tj ET Q q 0 0 0 rg BT 477.50 737.17 Td (securities ) Tj ET Q q 0 0 0 rg BT 517.76 737.17 Td (exchange. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 727.17 Td (Notes ) Tj ET Q q 0 0 0 rg BT 208.97 727.17 Td (and ) Tj ET Q q 0 0 0 rg BT 225.05 727.17 Td (PMI ) Tj ET Q q 0 0 0 rg BT 244.47 727.17 Td (Management ) Tj ET Q q 0 0 0 rg BT 298.31 727.17 Td (Rights ) Tj ET Q q 0 0 0 rg BT 326.07 727.17 Td (may ) Tj ET Q q 0 0 0 rg BT 344.93 727.17 Td (only ) Tj ET Q q 0 0 0 rg BT 364.34 727.17 Td (be ) Tj ET Q q 0 0 0 rg BT 375.42 727.17 Td (transferred ) Tj ET Q q 0 0 0 rg BT 420.37 727.17 Td (through ) Tj ET Q q 0 0 0 rg BT 453.12 727.17 Td (an ) Tj ET Q q 0 0 0 rg BT 464.19 727.17 Td (approved ) Tj ET Q q 0 0 0 rg BT 503.04 727.17 Td (online ) Tj ET Q q 0 0 0 rg BT 529.68 727.17 Td (trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 717.17 Td (platform. ) Tj ET Q q 0 0 0 rg BT 222.27 717.17 Td (Currently) Tj ET Q q 0 0 0 rg BT 259.94 717.17 Td (, ) Tj ET Q q 0 0 0 rg BT 263.77 717.17 Td (no ) Tj ET Q q 0 0 0 rg BT 275.11 717.17 Td (trading ) Tj ET Q q 0 0 0 rg BT 304.76 717.17 Td (platform ) Tj ET Q q 0 0 0 rg BT 340.53 717.17 Td (exists ) Tj ET Q q 0 0 0 rg BT 364.64 717.17 Td (for ) Tj ET Q q 0 0 0 rg BT 377.63 717.17 Td (the ) Tj ET Q q 0 0 0 rg BT 391.18 717.17 Td (transfer ) Tj ET Q q 0 0 0 rg BT 423.05 717.17 Td (of ) Tj ET Q q 0 0 0 rg BT 432.71 717.17 Td (the ) Tj ET Q q 0 0 0 rg BT 446.26 717.17 Td (Notes ) Tj ET Q q 0 0 0 rg BT 470.92 717.17 Td (and ) Tj ET Q q 0 0 0 rg BT 486.69 717.17 Td (PMI ) Tj ET Q q 0 0 0 rg BT 505.81 717.17 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 707.17 Td (Rights ) Tj ET Q q 0 0 0 rg BT 212.52 707.17 Td (and ) Tj ET Q q 0 0 0 rg BT 229.36 707.17 Td (there ) Tj ET Q q 0 0 0 rg BT 251.74 707.17 Td (can ) Tj ET Q q 0 0 0 rg BT 268.02 707.17 Td (be ) Tj ET Q q 0 0 0 rg BT 279.86 707.17 Td (no ) Tj ET Q q 0 0 0 rg BT 292.26 707.17 Td (assurance ) Tj ET Q q 0 0 0 rg BT 333.52 707.17 Td (that ) Tj ET Q q 0 0 0 rg BT 350.92 707.17 Td (a ) Tj ET Q q 0 0 0 rg BT 357.76 707.17 Td (trading ) Tj ET Q q 0 0 0 rg BT 388.48 707.17 Td (platform ) Tj ET Q q 0 0 0 rg BT 425.32 707.17 Td (for ) Tj ET Q q 0 0 0 rg BT 439.38 707.17 Td (the ) Tj ET Q q 0 0 0 rg BT 453.99 707.17 Td (transfer ) Tj ET Q q 0 0 0 rg BT 486.93 707.17 Td (of ) Tj ET Q q 0 0 0 rg BT 497.66 707.17 Td (Notes ) Tj ET Q q 0 0 0 rg BT 523.39 707.17 Td (and ) Tj ET Q q 0 0 0 rg BT 540.23 707.17 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 697.17 Td (Management ) Tj ET Q q 0 0 0 rg BT 238.41 697.17 Td (Rights ) Tj ET Q q 0 0 0 rg BT 266.74 697.17 Td (will ) Tj ET Q q 0 0 0 rg BT 284.51 697.17 Td (develop ) Tj ET Q q 0 0 0 rg BT 318.37 697.17 Td (in ) Tj ET Q q 0 0 0 rg BT 328.36 697.17 Td (the ) Tj ET Q q 0 0 0 rg BT 342.78 697.17 Td (future. ) Tj ET Q q 0 0 0 rg BT 371.21 697.17 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 415.33 697.17 Td (note ) Tj ET Q q 0 0 0 rg BT 434.76 697.17 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 479.73 697.17 Td (must ) Tj ET Q q 0 0 0 rg BT 501.39 697.17 Td (be ) Tj ET Q q 0 0 0 rg BT 513.03 697.17 Td (prepared ) Tj ET Q q 0 0 0 rg BT 550.22 697.17 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 687.17 Td (hold ) Tj ET Q q 0 0 0 rg BT 203.87 687.17 Td (their ) Tj ET Q q 0 0 0 rg BT 224.29 687.17 Td (Notes ) Tj ET Q q 0 0 0 rg BT 249.71 687.17 Td (and ) Tj ET Q q 0 0 0 rg BT 266.24 687.17 Td (PMI ) Tj ET Q q 0 0 0 rg BT 286.12 687.17 Td (Management ) Tj ET Q q 0 0 0 rg BT 340.41 687.17 Td (Rights ) Tj ET Q q 0 0 0 rg BT 368.62 687.17 Td (to ) Tj ET Q q 0 0 0 rg BT 378.49 687.17 Td (maturity) Tj ET Q q 0 0 0 rg BT 411.72 687.17 Td (. ) Tj ET Q q 0 0 0 rg BT 416.32 687.17 Td (See ) Tj ET Q q 0 0 0 rg BT 432.85 687.17 Td (Risk ) Tj ET Q q 0 0 0 rg BT 457.72 687.17 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 514.81 687.17 Td (Inherent ) Tj ET Q q 0 0 0 rg BT 550.22 687.17 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 677.17 Td (Investing ) Tj ET Q q 0 0 0 rg BT 223.72 677.17 Td (in ) Tj ET Q q 0 0 0 rg BT 234.00 677.17 Td (the ) Tj ET Q q 0 0 0 rg BT 248.71 677.17 Td (Notes ) Tj ET Q q 0 0 0 rg BT 278.98 677.17 Td (for ) Tj ET Q q 0 0 0 rg BT 293.14 677.17 Td (more ) Tj ET Q q 0 0 0 rg BT 316.19 677.17 Td (information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 659.23 Td (U.S. federal income tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 649.23 Td (consequences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 618.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 658.62 Td (Although ) Tj ET Q q 0 0 0 rg BT 223.92 658.62 Td (the ) Tj ET Q q 0 0 0 rg BT 238.28 658.62 Td (matter ) Tj ET Q q 0 0 0 rg BT 265.96 658.62 Td (is ) Tj ET Q q 0 0 0 rg BT 274.77 658.62 Td (not ) Tj ET Q q 0 0 0 rg BT 289.69 658.62 Td (free ) Tj ET Q q 0 0 0 rg BT 307.36 658.62 Td (from ) Tj ET Q q 0 0 0 rg BT 328.94 658.62 Td (doubt, ) Tj ET Q q 0 0 0 rg BT 356.36 658.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 373.41 658.62 Td ( ) Tj ET Q q 0 0 0 rg BT 375.36 658.62 Td (will ) Tj ET Q q 0 0 0 rg BT 393.06 658.62 Td (treat ) Tj ET Q q 0 0 0 rg BT 412.96 658.62 Td (the ) Tj ET Q q 0 0 0 rg BT 427.32 658.62 Td (Notes ) Tj ET Q q 0 0 0 rg BT 452.79 658.62 Td (as ) Tj ET Q q 0 0 0 rg BT 463.26 658.62 Td (its ) Tj ET Q q 0 0 0 rg BT 474.85 658.62 Td (debt ) Tj ET Q q 0 0 0 rg BT 494.20 658.62 Td (instruments ) Tj ET Q q 0 0 0 rg BT 543.01 658.62 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 648.62 Td (have ) Tj ET Q q 0 0 0 rg BT 205.04 648.62 Td (original ) Tj ET Q q 0 0 0 rg BT 238.31 648.62 Td (issue ) Tj ET Q q 0 0 0 rg BT 260.48 648.62 Td (discount ) Tj ET Q q 0 0 0 rg BT 296.54 648.62 Td (\("OID"\) ) Tj ET Q q 0 0 0 rg BT 331.30 648.62 Td (for ) Tj ET Q q 0 0 0 rg BT 345.13 648.62 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 365.08 648.62 Td (federal ) Tj ET Q q 0 0 0 rg BT 395.00 648.62 Td (income ) Tj ET Q q 0 0 0 rg BT 426.60 648.62 Td (tax ) Tj ET Q q 0 0 0 rg BT 440.98 648.62 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 481.00 648.62 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 530.38 648.62 Td (, ) Tj ET Q q 0 0 0 rg BT 534.73 648.62 Td (if ) Tj ET Q q 0 0 0 rg BT 543.00 648.62 Td (you ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 638.62 Td (hold ) Tj ET Q q 0 0 0 rg BT 203.96 638.62 Td (a ) Tj ET Q q 0 0 0 rg BT 210.58 638.62 Td (Note, ) Tj ET Q q 0 0 0 rg BT 234.71 638.62 Td (you ) Tj ET Q q 0 0 0 rg BT 251.89 638.62 Td (will ) Tj ET Q q 0 0 0 rg BT 269.63 638.62 Td (be ) Tj ET Q q 0 0 0 rg BT 281.25 638.62 Td (required ) Tj ET Q q 0 0 0 rg BT 316.75 638.62 Td (to ) Tj ET Q q 0 0 0 rg BT 326.72 638.62 Td (include ) Tj ET Q q 0 0 0 rg BT 358.33 638.62 Td (OID ) Tj ET Q q 0 0 0 rg BT 378.29 638.62 Td (currently ) Tj ET Q q 0 0 0 rg BT 416.57 638.62 Td (as ) Tj ET Q q 0 0 0 rg BT 427.08 638.62 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 463.15 638.62 Td (interest ) Tj ET Q q 0 0 0 rg BT 494.76 638.62 Td (income ) Tj ET Q q 0 0 0 rg BT 526.38 638.62 Td (for ) Tj ET Q q 0 0 0 rg BT 540.22 638.62 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 628.62 Td (federal ) Tj ET Q q 0 0 0 rg BT 213.92 628.62 Td (income ) Tj ET Q q 0 0 0 rg BT 245.52 628.62 Td (tax ) Tj ET Q q 0 0 0 rg BT 259.91 628.62 Td (purposes ) Tj ET Q q 0 0 0 rg BT 297.63 628.62 Td (\(which ) Tj ET Q q 0 0 0 rg BT 327.56 628.62 Td (may ) Tj ET Q q 0 0 0 rg BT 346.95 628.62 Td (be ) Tj ET Q q 0 0 0 rg BT 358.56 628.62 Td (in ) Tj ET Q q 0 0 0 rg BT 368.50 628.62 Td (advance ) Tj ET Q q 0 0 0 rg BT 403.42 628.62 Td (of ) Tj ET Q q 0 0 0 rg BT 413.92 628.62 Td (interest ) Tj ET Q q 0 0 0 rg BT 445.52 628.62 Td (payments ) Tj ET Q q 0 0 0 rg BT 486.02 628.62 Td (on ) Tj ET Q q 0 0 0 rg BT 498.18 628.62 Td (the ) Tj ET Q q 0 0 0 rg BT 512.57 628.62 Td (Note\) ) Tj ET Q q 0 0 0 rg BT 537.51 628.62 Td (if ) Tj ET Q q 0 0 0 rg BT 545.78 628.62 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 618.62 Td (Note ) Tj ET Q q 0 0 0 rg BT 207.21 618.62 Td (has ) Tj ET Q q 0 0 0 rg BT 224.31 618.62 Td (a ) Tj ET Q q 0 0 0 rg BT 232.52 618.62 Td (maturity ) Tj ET Q q 0 0 0 rg BT 270.18 618.62 Td (date ) Tj ET Q q 0 0 0 rg BT 290.61 618.62 Td (of ) Tj ET Q q 0 0 0 rg BT 302.71 618.62 Td (more ) Tj ET Q q 0 0 0 rg BT 327.03 618.62 Td (than ) Tj ET Q q 0 0 0 rg BT 348.02 618.62 Td (one ) Tj ET Q q 0 0 0 rg BT 366.23 618.62 Td (year) Tj ET Q q 0 0 0 rg BT 383.24 618.62 Td (, ) Tj ET Q q 0 0 0 rg BT 389.31 618.62 Td (regardless ) Tj ET Q q 0 0 0 rg BT 433.62 618.62 Td (of ) Tj ET Q q 0 0 0 rg BT 445.72 618.62 Td (your ) Tj ET Q q 0 0 0 rg BT 467.82 618.62 Td (regular ) Tj ET Q q 0 0 0 rg BT 499.91 618.62 Td (method ) Tj ET Q q 0 0 0 rg BT 533.68 618.62 Td (of ) Tj ET Q q 0 0 0 rg BT 545.78 618.62 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 608.62 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 233.20 608.62 Td (Y) Tj ET Q q 0 0 0 rg BT 239.73 608.62 Td (ou ) Tj ET Q q 0 0 0 rg BT 252.33 608.62 Td (should ) Tj ET Q q 0 0 0 rg BT 282.10 608.62 Td (consult ) Tj ET Q q 0 0 0 rg BT 314.08 608.62 Td (your ) Tj ET Q q 0 0 0 rg BT 335.51 608.62 Td (own ) Tj ET Q q 0 0 0 rg BT 355.83 608.62 Td (tax ) Tj ET Q q 0 0 0 rg BT 371.15 608.62 Td (advisor ) Tj ET Q q 0 0 0 rg BT 403.68 608.62 Td (regarding ) Tj ET Q q 0 0 0 rg BT 445.10 608.62 Td (the ) Tj ET Q q 0 0 0 rg BT 460.41 608.62 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 481.29 608.62 Td (federal, ) Tj ET Q q 0 0 0 rg BT 514.64 608.62 Td (state, ) Tj ET Q q 0 0 0 rg BT 538.57 608.62 Td (local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 598.62 Td (and ) Tj ET Q q 0 0 0 rg BT 202.71 598.62 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 243.10 598.62 Td (tax ) Tj ET Q q 0 0 0 rg BT 259.59 598.62 Td (consequences ) Tj ET Q q 0 0 0 rg BT 318.84 598.62 Td (of ) Tj ET Q q 0 0 0 rg BT 331.45 598.62 Td (the ) Tj ET Q q 0 0 0 rg BT 347.94 598.62 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 390.25 598.62 Td (ownership, ) Tj ET Q q 0 0 0 rg BT 438.69 598.62 Td (and ) Tj ET Q q 0 0 0 rg BT 457.40 598.62 Td (disposition ) Tj ET Q q 0 0 0 rg BT 505.57 598.62 Td (of ) Tj ET Q q 0 0 0 rg BT 518.18 598.62 Td (the ) Tj ET Q q 0 0 0 rg BT 534.67 598.62 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 588.62 Td (\(including ) Tj ET Q q 0 0 0 rg BT 227.55 588.62 Td (any ) Tj ET Q q 0 0 0 rg BT 244.44 588.62 Td (possible ) Tj ET Q q 0 0 0 rg BT 279.66 588.62 Td (dif) Tj ET Q q 0 0 0 rg BT 290.68 588.62 Td (fering ) Tj ET Q q 0 0 0 rg BT 316.92 588.62 Td (treatments ) Tj ET Q q 0 0 0 rg BT 361.01 588.62 Td (of ) Tj ET Q q 0 0 0 rg BT 371.79 588.62 Td (the ) Tj ET Q q 0 0 0 rg BT 386.46 588.62 Td (Notes\). ) Tj ET Q q 0 0 0 rg BT 418.06 588.62 Td (See ) Tj ET Q q 0 0 0 rg BT 434.95 588.62 Td ("Material ) Tj ET Q q 0 0 0 rg BT 475.35 588.62 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 495.58 588.62 Td (Federal ) Tj ET Q q 0 0 0 rg BT 528.02 588.62 Td (Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 578.62 Td (T) Tj ET Q q 0 0 0 rg BT 189.76 578.62 Td (ax ) Tj ET Q q 0 0 0 rg BT 201.35 578.62 Td (Considerations" ) Tj ET Q q 0 0 0 rg BT 267.93 578.62 Td (for ) Tj ET Q q 0 0 0 rg BT 282.09 578.62 Td (more ) Tj ET Q q 0 0 0 rg BT 305.13 578.62 Td (information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 560.23 Td (Financial suitability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 554.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 559.62 Td (Investors ) Tj ET Q q 0 0 0 rg BT 224.31 559.62 Td (that ) Tj ET Q q 0 0 0 rg BT 242.96 559.62 Td (are ) Tj ET Q q 0 0 0 rg BT 258.82 559.62 Td (residents ) Tj ET Q q 0 0 0 rg BT 298.02 559.62 Td (of ) Tj ET Q q 0 0 0 rg BT 309.48 559.62 Td (Alaska, ) Tj ET Q q 0 0 0 rg BT 343.12 559.62 Td (Idaho, ) Tj ET Q q 0 0 0 rg BT 372.05 559.62 Td (Missouri, ) Tj ET Q q 0 0 0 rg BT 413.76 559.62 Td (Nevada, ) Tj ET Q q 0 0 0 rg BT 450.45 559.62 Td (New ) Tj ET Q q 0 0 0 rg BT 472.99 559.62 Td (Hampshire, ) Tj ET Q q 0 0 0 rg BT 525.52 559.62 Td (Oregon, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 549.62 Td (V) Tj ET Q q 0 0 0 rg BT 190.92 549.62 Td (ir) Tj ET Q q 0 0 0 rg BT 196.64 549.62 Td (ginia ) Tj ET Q q 0 0 0 rg BT 219.04 549.62 Td (or ) Tj ET Q q 0 0 0 rg BT 229.78 549.62 Td (W) Tj ET Q q 0 0 0 rg BT 238.73 549.62 Td (ashington ) Tj ET Q q 0 0 0 rg BT 279.72 549.62 Td (must ) Tj ET Q q 0 0 0 rg BT 301.67 549.62 Td (meet ) Tj ET Q q 0 0 0 rg BT 323.60 549.62 Td (one ) Tj ET Q q 0 0 0 rg BT 340.54 549.62 Td (or ) Tj ET Q q 0 0 0 rg BT 351.37 549.62 Td (more ) Tj ET Q q 0 0 0 rg BT 374.42 549.62 Td (of ) Tj ET Q q 0 0 0 rg BT 385.25 549.62 Td (the ) Tj ET Q q 0 0 0 rg BT 399.96 549.62 Td (following ) Tj ET Q q 0 0 0 rg BT 441.35 549.62 Td (suitability ) Tj ET Q q 0 0 0 rg BT 483.85 549.62 Td (requirements:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 531.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 515.62 Td (a.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 530.62 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 196.11 530.62 Td (Y) Tj ET Q q 0 0 0 rg BT 202.64 530.62 Td (ou ) Tj ET Q q 0 0 0 rg BT 215.06 530.62 Td (must ) Tj ET Q q 0 0 0 rg BT 237.42 530.62 Td (have ) Tj ET Q q 0 0 0 rg BT 259.21 530.62 Td (an ) Tj ET Q q 0 0 0 rg BT 271.57 530.62 Td (annual ) Tj ET Q q 0 0 0 rg BT 301.14 530.62 Td (gross ) Tj ET Q q 0 0 0 rg BT 325.16 530.62 Td (income ) Tj ET Q q 0 0 0 rg BT 357.51 530.62 Td (of ) Tj ET Q q 0 0 0 rg BT 368.76 530.62 Td (at ) Tj ET Q q 0 0 0 rg BT 378.89 530.62 Td (least ) Tj ET Q q 0 0 0 rg BT 400.13 530.62 Td ($70,000; ) Tj ET Q q 0 0 0 rg BT 438.32 530.62 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 453.46 530.62 Td (your ) Tj ET Q q 0 0 0 rg BT 474.70 530.62 Td (net ) Tj ET Q q 0 0 0 rg BT 489.83 530.62 Td (worth ) Tj ET Q q 0 0 0 rg BT 516.08 530.62 Td (must ) Tj ET Q q 0 0 0 rg BT 538.44 530.62 Td (be ) Tj ET Q q 0 0 0 rg BT 550.79 530.62 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 520.62 Td (least ) Tj ET Q q 0 0 0 rg BT 204.09 520.62 Td ($70,000 ) Tj ET Q q 0 0 0 rg BT 238.36 520.62 Td (\(exclusive ) Tj ET Q q 0 0 0 rg BT 281.22 520.62 Td (of ) Tj ET Q q 0 0 0 rg BT 291.32 520.62 Td (home, ) Tj ET Q q 0 0 0 rg BT 317.80 520.62 Td (home ) Tj ET Q q 0 0 0 rg BT 341.79 520.62 Td (furnishings ) Tj ET Q q 0 0 0 rg BT 388.56 520.62 Td (and ) Tj ET Q q 0 0 0 rg BT 404.76 520.62 Td (automobiles\); ) Tj ET Q q 0 0 0 rg BT 461.52 520.62 Td (and ) Tj ET Q q 0 0 0 rg BT 477.73 520.62 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 494.49 520.62 Td (the ) Tj ET Q q 0 0 0 rg BT 508.47 520.62 Td (total ) Tj ET Q q 0 0 0 rg BT 528.01 520.62 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 510.62 Td (of ) Tj ET Q q 0 0 0 rg BT 195.50 510.62 Td (Securities ) Tj ET Q q 0 0 0 rg BT 238.11 510.62 Td (you ) Tj ET Q q 0 0 0 rg BT 256.28 510.62 Td (purchase ) Tj ET Q q 0 0 0 rg BT 294.99 510.62 Td (cannot ) Tj ET Q q 0 0 0 rg BT 324.81 510.62 Td (exceed ) Tj ET Q q 0 0 0 rg BT 355.74 510.62 Td (10% ) Tj ET Q q 0 0 0 rg BT 377.24 510.62 Td (of ) Tj ET Q q 0 0 0 rg BT 388.74 510.62 Td (your ) Tj ET Q q 0 0 0 rg BT 410.24 510.62 Td (net ) Tj ET Q q 0 0 0 rg BT 425.63 510.62 Td (worth ) Tj ET Q q 0 0 0 rg BT 452.13 510.62 Td (\(exclusive ) Tj ET Q q 0 0 0 rg BT 496.40 510.62 Td (of ) Tj ET Q q 0 0 0 rg BT 507.90 510.62 Td (home, ) Tj ET Q q 0 0 0 rg BT 535.79 510.62 Td (home ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 500.62 Td (furnishings ) Tj ET Q q 0 0 0 rg BT 231.50 500.62 Td (and ) Tj ET Q q 0 0 0 rg BT 248.44 500.62 Td (automobiles\); ) Tj ET Q q 0 0 0 rg BT 305.93 500.62 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 482.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 471.62 Td (b.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 481.62 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 197.42 481.62 Td (Y) Tj ET Q q 0 0 0 rg BT 203.96 481.62 Td (our ) Tj ET Q q 0 0 0 rg BT 221.24 481.62 Td (net ) Tj ET Q q 0 0 0 rg BT 237.92 481.62 Td (worth ) Tj ET Q q 0 0 0 rg BT 265.70 481.62 Td (must ) Tj ET Q q 0 0 0 rg BT 289.61 481.62 Td (be ) Tj ET Q q 0 0 0 rg BT 303.50 481.62 Td (at ) Tj ET Q q 0 0 0 rg BT 315.18 481.62 Td (least ) Tj ET Q q 0 0 0 rg BT 337.96 481.62 Td ($250,000 ) Tj ET Q q 0 0 0 rg BT 379.92 481.62 Td (\(exclusive ) Tj ET Q q 0 0 0 rg BT 425.47 481.62 Td (of ) Tj ET Q q 0 0 0 rg BT 438.25 481.62 Td (home, ) Tj ET Q q 0 0 0 rg BT 467.43 481.62 Td (home ) Tj ET Q q 0 0 0 rg BT 494.10 481.62 Td (furnishings ) Tj ET Q q 0 0 0 rg BT 543.56 481.62 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 471.62 Td (automobiles\); ) Tj ET Q q 0 0 0 rg BT 241.47 471.62 Td (and ) Tj ET Q q 0 0 0 rg BT 258.38 471.62 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 273.08 471.62 Td (the ) Tj ET Q q 0 0 0 rg BT 287.77 471.62 Td (total ) Tj ET Q q 0 0 0 rg BT 308.02 471.62 Td (amount ) Tj ET Q q 0 0 0 rg BT 340.49 471.62 Td (of ) Tj ET Q q 0 0 0 rg BT 351.30 471.62 Td (Securities ) Tj ET Q q 0 0 0 rg BT 393.21 471.62 Td (you ) Tj ET Q q 0 0 0 rg BT 410.69 471.62 Td (purchase ) Tj ET Q q 0 0 0 rg BT 448.70 471.62 Td (cannot ) Tj ET Q q 0 0 0 rg BT 477.83 471.62 Td (exceed ) Tj ET Q q 0 0 0 rg BT 508.07 471.62 Td (10% ) Tj ET Q q 0 0 0 rg BT 528.87 471.62 Td (of ) Tj ET Q q 0 0 0 rg BT 539.68 471.62 Td (your ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 461.62 Td (net ) Tj ET Q q 0 0 0 rg BT 198.72 461.62 Td (worth ) Tj ET Q q 0 0 0 rg BT 224.55 461.62 Td (\(exclusive ) Tj ET Q q 0 0 0 rg BT 268.14 461.62 Td (of ) Tj ET Q q 0 0 0 rg BT 278.97 461.62 Td (home, ) Tj ET Q q 0 0 0 rg BT 306.19 461.62 Td (home ) Tj ET Q q 0 0 0 rg BT 330.90 461.62 Td (furnishings ) Tj ET Q q 0 0 0 rg BT 378.40 461.62 Td (and ) Tj ET Q q 0 0 0 rg BT 395.34 461.62 Td (automobiles\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 443.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 442.62 Td (Investors ) Tj ET Q q 0 0 0 rg BT 207.10 442.62 Td (that ) Tj ET Q q 0 0 0 rg BT 226.53 442.62 Td (are ) Tj ET Q q 0 0 0 rg BT 243.17 442.62 Td (residents ) Tj ET Q q 0 0 0 rg BT 283.15 442.62 Td (of ) Tj ET Q q 0 0 0 rg BT 295.91 442.62 Td (California ) Tj ET Q q 0 0 0 rg BT 340.89 442.62 Td (must ) Tj ET Q q 0 0 0 rg BT 364.77 442.62 Td (meet ) Tj ET Q q 0 0 0 rg BT 388.64 442.62 Td (one ) Tj ET Q q 0 0 0 rg BT 407.52 442.62 Td (or ) Tj ET Q q 0 0 0 rg BT 420.28 442.62 Td (more ) Tj ET Q q 0 0 0 rg BT 445.26 442.62 Td (of ) Tj ET Q q 0 0 0 rg BT 458.03 442.62 Td (the ) Tj ET Q q 0 0 0 rg BT 474.68 442.62 Td (following ) Tj ET Q q 0 0 0 rg BT 518.00 442.62 Td (suitability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 432.62 Td (requirements:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 414.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 398.62 Td (a.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 413.62 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 195.82 413.62 Td (Y) Tj ET Q q 0 0 0 rg BT 202.35 413.62 Td (ou ) Tj ET Q q 0 0 0 rg BT 214.42 413.62 Td (must ) Tj ET Q q 0 0 0 rg BT 236.45 413.62 Td (have ) Tj ET Q q 0 0 0 rg BT 257.90 413.62 Td (had ) Tj ET Q q 0 0 0 rg BT 274.91 413.62 Td (an ) Tj ET Q q 0 0 0 rg BT 286.92 413.62 Td (annual ) Tj ET Q q 0 0 0 rg BT 316.15 413.62 Td (gross ) Tj ET Q q 0 0 0 rg BT 339.83 413.62 Td (income ) Tj ET Q q 0 0 0 rg BT 371.84 413.62 Td (of ) Tj ET Q q 0 0 0 rg BT 382.74 413.62 Td (at ) Tj ET Q q 0 0 0 rg BT 392.53 413.62 Td (least ) Tj ET Q q 0 0 0 rg BT 413.43 413.62 Td ($85,000 ) Tj ET Q q 0 0 0 rg BT 448.51 413.62 Td (during ) Tj ET Q q 0 0 0 rg BT 477.19 413.62 Td (the ) Tj ET Q q 0 0 0 rg BT 491.98 413.62 Td (last ) Tj ET Q q 0 0 0 rg BT 508.44 413.62 Td (tax ) Tj ET Q q 0 0 0 rg BT 523.23 413.62 Td (year; ) Tj ET Q q 0 0 0 rg BT 545.79 413.62 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 403.62 Td (you ) Tj ET Q q 0 0 0 rg BT 201.79 403.62 Td (must ) Tj ET Q q 0 0 0 rg BT 224.03 403.62 Td (have ) Tj ET Q q 0 0 0 rg BT 245.70 403.62 Td (a ) Tj ET Q q 0 0 0 rg BT 252.93 403.62 Td (good ) Tj ET Q q 0 0 0 rg BT 275.72 403.62 Td (faith ) Tj ET Q q 0 0 0 rg BT 296.84 403.62 Td (belief ) Tj ET Q q 0 0 0 rg BT 322.40 403.62 Td (that ) Tj ET Q q 0 0 0 rg BT 340.18 403.62 Td (your ) Tj ET Q q 0 0 0 rg BT 361.31 403.62 Td (annual ) Tj ET Q q 0 0 0 rg BT 390.75 403.62 Td (gross ) Tj ET Q q 0 0 0 rg BT 414.66 403.62 Td (income ) Tj ET Q q 0 0 0 rg BT 446.88 403.62 Td (for ) Tj ET Q q 0 0 0 rg BT 461.34 403.62 Td (the ) Tj ET Q q 0 0 0 rg BT 476.34 403.62 Td (current ) Tj ET Q q 0 0 0 rg BT 507.45 403.62 Td (tax ) Tj ET Q q 0 0 0 rg BT 522.46 403.62 Td (year ) Tj ET Q q 0 0 0 rg BT 542.46 403.62 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 393.62 Td (be ) Tj ET Q q 0 0 0 rg BT 195.62 393.62 Td (at ) Tj ET Q q 0 0 0 rg BT 205.03 393.62 Td (least ) Tj ET Q q 0 0 0 rg BT 225.54 393.62 Td ($85,000; ) Tj ET Q q 0 0 0 rg BT 263.00 393.62 Td (and ) Tj ET Q q 0 0 0 rg BT 279.62 393.62 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 296.80 393.62 Td (the ) Tj ET Q q 0 0 0 rg BT 311.20 393.62 Td (total ) Tj ET Q q 0 0 0 rg BT 331.16 393.62 Td (amount ) Tj ET Q q 0 0 0 rg BT 363.34 393.62 Td (of ) Tj ET Q q 0 0 0 rg BT 373.86 393.62 Td (Securities ) Tj ET Q q 0 0 0 rg BT 415.48 393.62 Td (you ) Tj ET Q q 0 0 0 rg BT 432.66 393.62 Td (purchase ) Tj ET Q q 0 0 0 rg BT 470.38 393.62 Td (cannot ) Tj ET Q q 0 0 0 rg BT 499.22 393.62 Td (exceed ) Tj ET Q q 0 0 0 rg BT 529.16 393.62 Td (10% ) Tj ET Q q 0 0 0 rg BT 549.68 393.62 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 383.62 Td (your ) Tj ET Q q 0 0 0 rg BT 204.83 383.62 Td (net ) Tj ET Q q 0 0 0 rg BT 219.55 383.62 Td (worth; ) Tj ET Q q 0 0 0 rg BT 248.16 383.62 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 365.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 359.62 Td (b.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 364.62 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 195.75 364.62 Td (Y) Tj ET Q q 0 0 0 rg BT 202.28 364.62 Td (our ) Tj ET Q q 0 0 0 rg BT 217.60 364.62 Td (net ) Tj ET Q q 0 0 0 rg BT 232.31 364.62 Td (worth ) Tj ET Q q 0 0 0 rg BT 258.14 364.62 Td (must ) Tj ET Q q 0 0 0 rg BT 280.08 364.62 Td (be ) Tj ET Q q 0 0 0 rg BT 292.01 364.62 Td (at ) Tj ET Q q 0 0 0 rg BT 301.72 364.62 Td (least ) Tj ET Q q 0 0 0 rg BT 322.54 364.62 Td ($200,000 ) Tj ET Q q 0 0 0 rg BT 362.53 364.62 Td (\(or ) Tj ET Q q 0 0 0 rg BT 376.68 364.62 Td ($300,000 ) Tj ET Q q 0 0 0 rg BT 416.67 364.62 Td (together ) Tj ET Q q 0 0 0 rg BT 451.93 364.62 Td (with ) Tj ET Q q 0 0 0 rg BT 472.20 364.62 Td (your ) Tj ET Q q 0 0 0 rg BT 493.02 364.62 Td (spouse\); ) Tj ET Q q 0 0 0 rg BT 528.85 364.62 Td (and ) Tj ET Q q 0 0 0 rg BT 545.78 364.62 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 354.62 Td (the ) Tj ET Q q 0 0 0 rg BT 198.72 354.62 Td (total ) Tj ET Q q 0 0 0 rg BT 218.99 354.62 Td (amount ) Tj ET Q q 0 0 0 rg BT 251.49 354.62 Td (of ) Tj ET Q q 0 0 0 rg BT 262.32 354.62 Td (Securities ) Tj ET Q q 0 0 0 rg BT 304.25 354.62 Td (you ) Tj ET Q q 0 0 0 rg BT 321.75 354.62 Td (purchase ) Tj ET Q q 0 0 0 rg BT 359.79 354.62 Td (cannot ) Tj ET Q q 0 0 0 rg BT 388.94 354.62 Td (exceed ) Tj ET Q q 0 0 0 rg BT 419.20 354.62 Td (10% ) Tj ET Q q 0 0 0 rg BT 440.03 354.62 Td (of ) Tj ET Q q 0 0 0 rg BT 450.86 354.62 Td (your ) Tj ET Q q 0 0 0 rg BT 471.69 354.62 Td (net ) Tj ET Q q 0 0 0 rg BT 486.40 354.62 Td (worth; ) Tj ET Q q 0 0 0 rg BT 515.01 354.62 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 336.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 330.62 Td (c.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 335.62 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 194.92 335.62 Td (Y) Tj ET Q q 0 0 0 rg BT 201.46 335.62 Td (our ) Tj ET Q q 0 0 0 rg BT 215.81 335.62 Td (net ) Tj ET Q q 0 0 0 rg BT 229.55 335.62 Td (investment ) Tj ET Q q 0 0 0 rg BT 274.95 335.62 Td (in ) Tj ET Q q 0 0 0 rg BT 284.25 335.62 Td (Securities ) Tj ET Q q 0 0 0 rg BT 325.21 335.62 Td (cannot ) Tj ET Q q 0 0 0 rg BT 353.39 335.62 Td (exceed ) Tj ET Q q 0 0 0 rg BT 382.66 335.62 Td ($2,500; ) Tj ET Q q 0 0 0 rg BT 414.46 335.62 Td (and ) Tj ET Q q 0 0 0 rg BT 430.42 335.62 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 444.16 335.62 Td (the ) Tj ET Q q 0 0 0 rg BT 457.90 335.62 Td (total ) Tj ET Q q 0 0 0 rg BT 477.20 335.62 Td (amount ) Tj ET Q q 0 0 0 rg BT 508.72 335.62 Td (of ) Tj ET Q q 0 0 0 rg BT 518.57 335.62 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 325.62 Td (you ) Tj ET Q q 0 0 0 rg BT 201.50 325.62 Td (purchase ) Tj ET Q q 0 0 0 rg BT 239.54 325.62 Td (cannot ) Tj ET Q q 0 0 0 rg BT 268.69 325.62 Td (exceed ) Tj ET Q q 0 0 0 rg BT 298.95 325.62 Td (10% ) Tj ET Q q 0 0 0 rg BT 319.78 325.62 Td (of ) Tj ET Q q 0 0 0 rg BT 330.61 325.62 Td (your ) Tj ET Q q 0 0 0 rg BT 351.44 325.62 Td (net ) Tj ET Q q 0 0 0 rg BT 366.15 325.62 Td (worth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 307.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 306.62 Td (The ) Tj ET Q q 0 0 0 rg BT 184.72 306.62 Td (Maine ) Tj ET Q q 0 0 0 rg BT 213.43 306.62 Td (Of) Tj ET Q q 0 0 0 rg BT 223.89 306.62 Td (fice ) Tj ET Q q 0 0 0 rg BT 241.96 306.62 Td (of ) Tj ET Q q 0 0 0 rg BT 253.46 306.62 Td (Securities ) Tj ET Q q 0 0 0 rg BT 296.06 306.62 Td (recommends ) Tj ET Q q 0 0 0 rg BT 350.32 306.62 Td (and ) Tj ET Q q 0 0 0 rg BT 367.93 306.62 Td (the ) Tj ET Q q 0 0 0 rg BT 383.31 306.62 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 416.47 306.62 Td (Division ) Tj ET Q q 0 0 0 rg BT 454.09 306.62 Td (of ) Tj ET Q q 0 0 0 rg BT 465.59 306.62 Td (Finance ) Tj ET Q q 0 0 0 rg BT 500.41 306.62 Td (and ) Tj ET Q q 0 0 0 rg BT 518.02 306.62 Td (Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 296.62 Td (Securities ) Tj ET Q q 0 0 0 rg BT 207.77 296.62 Td (requires ) Tj ET Q q 0 0 0 rg BT 242.32 296.62 Td (that ) Tj ET Q q 0 0 0 rg BT 259.65 296.62 Td (an ) Tj ET Q q 0 0 0 rg BT 271.43 296.62 Td (investor's ) Tj ET Q q 0 0 0 rg BT 311.67 296.62 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 352.87 296.62 Td (investment ) Tj ET Q q 0 0 0 rg BT 399.09 296.62 Td (in ) Tj ET Q q 0 0 0 rg BT 409.21 296.62 Td (this ) Tj ET Q q 0 0 0 rg BT 426.00 296.62 Td (of) Tj ET Q q 0 0 0 rg BT 434.24 296.62 Td (fering ) Tj ET Q q 0 0 0 rg BT 460.36 296.62 Td (and ) Tj ET Q q 0 0 0 rg BT 477.14 296.62 Td (similar ) Tj ET Q q 0 0 0 rg BT 507.25 296.62 Td (of) Tj ET Q q 0 0 0 rg BT 515.49 296.62 Td (ferings ) Tj ET Q q 0 0 0 rg BT 548.00 296.62 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 286.62 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 188.26 286.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 205.31 286.62 Td ( ) Tj ET Q q 0 0 0 rg BT 207.10 286.62 Td (or ) Tj ET Q q 0 0 0 rg BT 217.41 286.62 Td (its ) Tj ET Q q 0 0 0 rg BT 228.84 286.62 Td (af) Tj ET Q q 0 0 0 rg BT 236.52 286.62 Td (filiates ) Tj ET Q q 0 0 0 rg BT 265.62 286.62 Td (not ) Tj ET Q q 0 0 0 rg BT 280.38 286.62 Td (exceed ) Tj ET Q q 0 0 0 rg BT 310.11 286.62 Td (10% ) Tj ET Q q 0 0 0 rg BT 330.42 286.62 Td (of ) Tj ET Q q 0 0 0 rg BT 340.73 286.62 Td (the ) Tj ET Q q 0 0 0 rg BT 354.93 286.62 Td (investor's ) Tj ET Q q 0 0 0 rg BT 394.82 286.62 Td (liquid ) Tj ET Q q 0 0 0 rg BT 420.14 286.62 Td (net ) Tj ET Q q 0 0 0 rg BT 434.33 286.62 Td (worth. ) Tj ET Q q 0 0 0 rg BT 462.14 286.62 Td (For ) Tj ET Q q 0 0 0 rg BT 478.01 286.62 Td (this ) Tj ET Q q 0 0 0 rg BT 494.44 286.62 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 530.58 286.62 Td ("liquid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 276.62 Td (net ) Tj ET Q q 0 0 0 rg BT 180.50 276.62 Td (worth" ) Tj ET Q q 0 0 0 rg BT 210.20 276.62 Td (is ) Tj ET Q q 0 0 0 rg BT 219.15 276.62 Td (defined ) Tj ET Q q 0 0 0 rg BT 251.42 276.62 Td (as ) Tj ET Q q 0 0 0 rg BT 262.04 276.62 Td (that ) Tj ET Q q 0 0 0 rg BT 279.32 276.62 Td (portion ) Tj ET Q q 0 0 0 rg BT 310.49 276.62 Td (of ) Tj ET Q q 0 0 0 rg BT 321.11 276.62 Td (net ) Tj ET Q q 0 0 0 rg BT 335.61 276.62 Td (worth ) Tj ET Q q 0 0 0 rg BT 361.22 276.62 Td (that ) Tj ET Q q 0 0 0 rg BT 378.50 276.62 Td (consists ) Tj ET Q q 0 0 0 rg BT 412.46 276.62 Td (of ) Tj ET Q q 0 0 0 rg BT 423.08 276.62 Td (cash, ) Tj ET Q q 0 0 0 rg BT 445.63 276.62 Td (cash ) Tj ET Q q 0 0 0 rg BT 465.68 276.62 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 513.51 276.62 Td (and ) Tj ET Q q 0 0 0 rg BT 530.23 276.62 Td (readily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 266.62 Td (marketable ) Tj ET Q q 0 0 0 rg BT 212.92 266.62 Td (securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 248.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 247.62 Td (For ) Tj ET Q q 0 0 0 rg BT 182.75 247.62 Td (purposes ) Tj ET Q q 0 0 0 rg BT 221.17 247.62 Td (of ) Tj ET Q q 0 0 0 rg BT 232.36 247.62 Td (these ) Tj ET Q q 0 0 0 rg BT 255.77 247.62 Td (suitability ) Tj ET Q q 0 0 0 rg BT 298.63 247.62 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 356.19 247.62 Td (you ) Tj ET Q q 0 0 0 rg BT 374.05 247.62 Td (and ) Tj ET Q q 0 0 0 rg BT 391.35 247.62 Td (your ) Tj ET Q q 0 0 0 rg BT 412.54 247.62 Td (spouse ) Tj ET Q q 0 0 0 rg BT 442.63 247.62 Td (are ) Tj ET Q q 0 0 0 rg BT 457.69 247.62 Td (considered ) Tj ET Q q 0 0 0 rg BT 503.87 247.62 Td (to ) Tj ET Q q 0 0 0 rg BT 514.51 247.62 Td (be ) Tj ET Q q 0 0 0 rg BT 526.81 247.62 Td (a ) Tj ET Q q 0 0 0 rg BT 534.11 247.62 Td (single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 237.62 Td (person. ) Tj ET Q q 0 0 0 rg BT 197.66 237.62 Td (In ) Tj ET Q q 0 0 0 rg BT 208.49 237.62 Td (addition, ) Tj ET Q q 0 0 0 rg BT 246.26 237.62 Td (the ) Tj ET Q q 0 0 0 rg BT 260.98 237.62 Td (following ) Tj ET Q q 0 0 0 rg BT 302.37 237.62 Td (definitions ) Tj ET Q q 0 0 0 rg BT 347.64 237.62 Td (apply:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 219.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.00 218.33 Td ("annual ) Tj ET Q q 0 0 0 rg BT 217.08 218.33 Td (gr) Tj ET Q q 0 0 0 rg BT 226.34 218.33 Td (oss ) Tj ET Q q 0 0 0 rg BT 241.19 218.33 Td (income" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.36 218.33 Td (means ) Tj ET Q q 0 0 0 rg BT 306.98 218.33 Td (the ) Tj ET Q q 0 0 0 rg BT 321.26 218.33 Td (total ) Tj ET Q q 0 0 0 rg BT 341.11 218.33 Td (amount ) Tj ET Q q 0 0 0 rg BT 373.17 218.33 Td (of ) Tj ET Q q 0 0 0 rg BT 383.57 218.33 Td (money ) Tj ET Q q 0 0 0 rg BT 412.86 218.33 Td (you ) Tj ET Q q 0 0 0 rg BT 429.93 218.33 Td (earn ) Tj ET Q q 0 0 0 rg BT 449.20 218.33 Td (each ) Tj ET Q q 0 0 0 rg BT 469.59 218.33 Td (year) Tj ET Q q 0 0 0 rg BT 486.39 218.33 Td (, ) Tj ET Q q 0 0 0 rg BT 490.96 218.33 Td (before ) Tj ET Q q 0 0 0 rg BT 518.57 218.33 Td (deducting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 208.17 Td (any ) Tj ET Q q 0 0 0 rg BT 182.94 208.17 Td (amounts ) Tj ET Q q 0 0 0 rg BT 219.33 208.17 Td (for ) Tj ET Q q 0 0 0 rg BT 233.49 208.17 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 259.03 208.17 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 302.35 208.17 Td (retirement ) Tj ET Q q 0 0 0 rg BT 345.94 208.17 Td (contributions ) Tj ET Q q 0 0 0 rg BT 401.21 208.17 Td (or ) Tj ET Q q 0 0 0 rg BT 412.04 208.17 Td (any ) Tj ET Q q 0 0 0 rg BT 428.98 208.17 Td (other ) Tj ET Q q 0 0 0 rg BT 452.03 208.17 Td (payments ) Tj ET Q q 0 0 0 rg BT 492.85 208.17 Td (or ) Tj ET Q q 0 0 0 rg BT 503.68 208.17 Td (expenses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 190.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.00 189.33 Td ("net ) Tj ET Q q 0 0 0 rg BT 200.99 189.33 Td (worth" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.21 189.33 Td (means ) Tj ET Q q 0 0 0 rg BT 261.86 189.33 Td (the ) Tj ET Q q 0 0 0 rg BT 276.19 189.33 Td (total ) Tj ET Q q 0 0 0 rg BT 296.08 189.33 Td (value ) Tj ET Q q 0 0 0 rg BT 319.84 189.33 Td (of ) Tj ET Q q 0 0 0 rg BT 330.28 189.33 Td (all ) Tj ET Q q 0 0 0 rg BT 342.39 189.33 Td (your ) Tj ET Q q 0 0 0 rg BT 362.83 189.33 Td (assets, ) Tj ET Q q 0 0 0 rg BT 390.77 189.33 Td (minus ) Tj ET Q q 0 0 0 rg BT 417.33 189.33 Td (the ) Tj ET Q q 0 0 0 rg BT 431.66 189.33 Td (total ) Tj ET Q q 0 0 0 rg BT 451.54 189.33 Td (value ) Tj ET Q q 0 0 0 rg BT 475.31 189.33 Td (of ) Tj ET Q q 0 0 0 rg BT 485.75 189.33 Td (all ) Tj ET Q q 0 0 0 rg BT 497.86 189.33 Td (your ) Tj ET Q q 0 0 0 rg BT 518.30 189.33 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 179.17 Td (The ) Tj ET Q q 0 0 0 rg BT 183.00 179.17 Td (value ) Tj ET Q q 0 0 0 rg BT 206.11 179.17 Td (of ) Tj ET Q q 0 0 0 rg BT 215.90 179.17 Td (an ) Tj ET Q q 0 0 0 rg BT 226.79 179.17 Td (asset ) Tj ET Q q 0 0 0 rg BT 247.68 179.17 Td (is ) Tj ET Q q 0 0 0 rg BT 255.81 179.17 Td (equal ) Tj ET Q q 0 0 0 rg BT 278.92 179.17 Td (to ) Tj ET Q q 0 0 0 rg BT 288.15 179.17 Td (the ) Tj ET Q q 0 0 0 rg BT 301.83 179.17 Td (price ) Tj ET Q q 0 0 0 rg BT 323.27 179.17 Td (at ) Tj ET Q q 0 0 0 rg BT 331.94 179.17 Td (which ) Tj ET Q q 0 0 0 rg BT 357.83 179.17 Td (you ) Tj ET Q q 0 0 0 rg BT 374.29 179.17 Td (could ) Tj ET Q q 0 0 0 rg BT 397.96 179.17 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 442.73 179.17 Td (expect ) Tj ET Q q 0 0 0 rg BT 470.28 179.17 Td (to ) Tj ET Q q 0 0 0 rg BT 479.51 179.17 Td (sell ) Tj ET Q q 0 0 0 rg BT 494.85 179.17 Td (it. ) Tj ET Q q 0 0 0 rg BT 504.36 179.17 Td (In ) Tj ET Q q 0 0 0 rg BT 514.15 179.17 Td (calculating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 169.17 Td (your ) Tj ET Q q 0 0 0 rg BT 187.06 169.17 Td (net ) Tj ET Q q 0 0 0 rg BT 202.02 169.17 Td (worth, ) Tj ET Q q 0 0 0 rg BT 230.58 169.17 Td (you ) Tj ET Q q 0 0 0 rg BT 248.31 169.17 Td (should ) Tj ET Q q 0 0 0 rg BT 277.72 169.17 Td (only ) Tj ET Q q 0 0 0 rg BT 298.23 169.17 Td (include ) Tj ET Q q 0 0 0 rg BT 330.40 169.17 Td (assets ) Tj ET Q q 0 0 0 rg BT 356.46 169.17 Td (that ) Tj ET Q q 0 0 0 rg BT 374.19 169.17 Td (are ) Tj ET Q q 0 0 0 rg BT 389.13 169.17 Td (liquid, ) Tj ET Q q 0 0 0 rg BT 417.70 169.17 Td (meaning ) Tj ET Q q 0 0 0 rg BT 454.87 169.17 Td (assets ) Tj ET Q q 0 0 0 rg BT 480.94 169.17 Td (that ) Tj ET Q q 0 0 0 rg BT 498.67 169.17 Td (consist ) Tj ET Q q 0 0 0 rg BT 529.18 169.17 Td (of ) Tj ET Q q 0 0 0 rg BT 540.24 169.17 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 159.17 Td (or ) Tj ET Q q 0 0 0 rg BT 176.77 159.17 Td (something ) Tj ET Q q 0 0 0 rg BT 220.87 159.17 Td (that ) Tj ET Q q 0 0 0 rg BT 238.30 159.17 Td (could ) Tj ET Q q 0 0 0 rg BT 262.95 159.17 Td (be ) Tj ET Q q 0 0 0 rg BT 274.83 159.17 Td (quickly ) Tj ET Q q 0 0 0 rg BT 307.26 159.17 Td (and ) Tj ET Q q 0 0 0 rg BT 324.13 159.17 Td (easily ) Tj ET Q q 0 0 0 rg BT 349.90 159.17 Td (converted ) Tj ET Q q 0 0 0 rg BT 391.76 159.17 Td (into ) Tj ET Q q 0 0 0 rg BT 409.75 159.17 Td (cash, ) Tj ET Q q 0 0 0 rg BT 432.46 159.17 Td (such ) Tj ET Q q 0 0 0 rg BT 453.22 159.17 Td (as ) Tj ET Q q 0 0 0 rg BT 463.99 159.17 Td (a ) Tj ET Q q 0 0 0 rg BT 470.86 159.17 Td (publicly-traded ) Tj ET Q q 0 0 0 rg BT 534.39 159.17 Td (stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 149.17 Td (Y) Tj ET Q q 0 0 0 rg BT 172.22 149.17 Td (ou ) Tj ET Q q 0 0 0 rg BT 184.72 149.17 Td (shouldn't ) Tj ET Q q 0 0 0 rg BT 223.47 149.17 Td (include ) Tj ET Q q 0 0 0 rg BT 255.40 149.17 Td (any ) Tj ET Q q 0 0 0 rg BT 272.34 149.17 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 303.73 149.17 Td (assets, ) Tj ET Q q 0 0 0 rg BT 332.06 149.17 Td (such ) Tj ET Q q 0 0 0 rg BT 352.89 149.17 Td (as ) Tj ET Q q 0 0 0 rg BT 363.72 149.17 Td (homes, ) Tj ET Q q 0 0 0 rg BT 394.83 149.17 Td (home ) Tj ET Q q 0 0 0 rg BT 419.55 149.17 Td (furnishings ) Tj ET Q q 0 0 0 rg BT 467.05 149.17 Td (or ) Tj ET Q q 0 0 0 rg BT 477.88 149.17 Td (cars;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 131.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.00 130.33 Td ("net ) Tj ET Q q 0 0 0 rg BT 200.20 130.33 Td (investment" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.73 130.33 Td (means ) Tj ET Q q 0 0 0 rg BT 280.59 130.33 Td (the ) Tj ET Q q 0 0 0 rg BT 294.13 130.33 Td (principal ) Tj ET Q q 0 0 0 rg BT 330.99 130.33 Td (amount ) Tj ET Q q 0 0 0 rg BT 362.30 130.33 Td (of ) Tj ET Q q 0 0 0 rg BT 371.95 130.33 Td (Securities ) Tj ET Q q 0 0 0 rg BT 412.70 130.33 Td (purchased, ) Tj ET Q q 0 0 0 rg BT 457.05 130.33 Td (minus ) Tj ET Q q 0 0 0 rg BT 482.82 130.33 Td (principal ) Tj ET Q q 0 0 0 rg BT 519.68 130.33 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 120.17 Td (received ) Tj ET Q q 0 0 0 rg BT 202.36 120.17 Td (on ) Tj ET Q q 0 0 0 rg BT 214.86 120.17 Td (the ) Tj ET Q q 0 0 0 rg BT 229.58 120.17 Td (Securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 102.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 101.62 Td (Investors ) Tj ET Q q 0 0 0 rg BT 205.93 101.62 Td (should ) Tj ET Q q 0 0 0 rg BT 235.86 101.62 Td (be ) Tj ET Q q 0 0 0 rg BT 248.57 101.62 Td (aware ) Tj ET Q q 0 0 0 rg BT 275.70 101.62 Td (that ) Tj ET Q q 0 0 0 rg BT 293.96 101.62 Td (PFL) Tj ET Q q 0 0 0 rg BT 310.82 101.62 Td ( ) Tj ET Q q 0 0 0 rg BT 314.09 101.62 Td (may ) Tj ET Q q 0 0 0 rg BT 334.57 101.62 Td (apply ) Tj ET Q q 0 0 0 rg BT 360.06 101.62 Td (more ) Tj ET Q q 0 0 0 rg BT 383.87 101.62 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 427.12 101.62 Td (financial ) Tj ET Q q 0 0 0 rg BT 465.37 101.62 Td (suitability ) Tj ET Q q 0 0 0 rg BT 508.63 101.62 Td (standards ) Tj ET Q q 0 0 0 rg BT 549.67 101.62 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 91.62 Td (maximum ) Tj ET Q q 0 0 0 rg BT 208.02 91.62 Td (investment ) Tj ET Q q 0 0 0 rg BT 253.38 91.62 Td (limits ) Tj ET Q q 0 0 0 rg BT 277.63 91.62 Td (to ) Tj ET Q q 0 0 0 rg BT 286.88 91.62 Td (residents ) Tj ET Q q 0 0 0 rg BT 323.90 91.62 Td (of ) Tj ET Q q 0 0 0 rg BT 333.70 91.62 Td (certain ) Tj ET Q q 0 0 0 rg BT 362.37 91.62 Td (states. ) Tj ET Q q 0 0 0 rg BT 388.56 91.62 Td (If ) Tj ET Q q 0 0 0 rg BT 396.69 91.62 Td (established, ) Tj ET Q q 0 0 0 rg BT 445.10 91.62 Td (before ) Tj ET Q q 0 0 0 rg BT 472.10 91.62 Td (making ) Tj ET Q q 0 0 0 rg BT 503.57 91.62 Td (commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 81.62 Td (to ) Tj ET Q q 0 0 0 rg BT 175.96 81.62 Td (purchase ) Tj ET Q q 0 0 0 rg BT 213.69 81.62 Td (Notes ) Tj ET Q q 0 0 0 rg BT 239.20 81.62 Td (each ) Tj ET Q q 0 0 0 rg BT 259.70 81.62 Td (investor ) Tj ET Q q 0 0 0 rg BT 294.10 81.62 Td (will ) Tj ET Q q 0 0 0 rg BT 311.84 81.62 Td (be ) Tj ET Q q 0 0 0 rg BT 323.47 81.62 Td (required ) Tj ET Q q 0 0 0 rg BT 358.97 81.62 Td (to ) Tj ET Q q 0 0 0 rg BT 368.93 81.62 Td (represent ) Tj ET Q q 0 0 0 rg BT 407.76 81.62 Td (and ) Tj ET Q q 0 0 0 rg BT 424.39 81.62 Td (warrant ) Tj ET Q q 0 0 0 rg BT 457.11 81.62 Td (that ) Tj ET Q q 0 0 0 rg BT 474.29 81.62 Td (he ) Tj ET Q q 0 0 0 rg BT 485.91 81.62 Td (or ) Tj ET Q q 0 0 0 rg BT 496.43 81.62 Td (she ) Tj ET Q q 0 0 0 rg BT 511.94 81.62 Td (meets ) Tj ET Q q 0 0 0 rg BT 537.45 81.62 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 71.62 Td (minimum ) Tj ET Q q 0 0 0 rg BT 206.77 71.62 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.63 71.62 Td (suitability ) Tj ET Q q 0 0 0 rg BT 285.51 71.62 Td (standards ) Tj ET Q q 0 0 0 rg BT 325.16 71.62 Td (and ) Tj ET Q q 0 0 0 rg BT 341.48 71.62 Td (maximum ) Tj ET Q q 0 0 0 rg BT 383.91 71.62 Td (investment ) Tj ET Q q 0 0 0 rg BT 429.67 71.62 Td (limits. ) Tj ET Q q 0 0 0 rg BT 456.83 71.62 Td (See ) Tj ET Q q 0 0 0 rg BT 473.15 71.62 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 516.33 71.62 Td (Suitability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 61.62 Td (Requirements" ) Tj ET Q q 0 0 0 rg BT 228.12 61.62 Td (for ) Tj ET Q q 0 0 0 rg BT 242.28 61.62 Td (more ) Tj ET Q q 0 0 0 rg BT 265.33 61.62 Td (information.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.80 742.25 Td (PMI Management Rights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 704.48 Td (Issuer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 703.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 703.87 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 217.05 703.87 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 272.02 703.87 Td (Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 685.48 Td (Securities offered) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 649.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 684.87 Td (PMI ) Tj ET Q q 0 0 0 rg BT 204.05 684.87 Td (Management ) Tj ET Q q 0 0 0 rg BT 258.53 684.87 Td (Rights ) Tj ET Q q 0 0 0 rg BT 286.92 684.87 Td (issued ) Tj ET Q q 0 0 0 rg BT 314.19 684.87 Td (by ) Tj ET Q q 0 0 0 rg BT 326.46 684.87 Td (PMI ) Tj ET Q q 0 0 0 rg BT 346.51 684.87 Td (and ) Tj ET Q q 0 0 0 rg BT 363.22 684.87 Td (attached ) Tj ET Q q 0 0 0 rg BT 398.80 684.87 Td (to ) Tj ET Q q 0 0 0 rg BT 408.85 684.87 Td (the ) Tj ET Q q 0 0 0 rg BT 423.34 684.87 Td (Notes ) Tj ET Q q 0 0 0 rg BT 448.94 684.87 Td (of) Tj ET Q q 0 0 0 rg BT 457.09 684.87 Td (fered ) Tj ET Q q 0 0 0 rg BT 479.89 684.87 Td (on ) Tj ET Q q 0 0 0 rg BT 492.16 684.87 Td (the ) Tj ET Q q 0 0 0 rg BT 506.65 684.87 Td (marketplace. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 674.87 Td (The ) Tj ET Q q 0 0 0 rg BT 201.05 674.87 Td (PMI ) Tj ET Q q 0 0 0 rg BT 220.33 674.87 Td (Management ) Tj ET Q q 0 0 0 rg BT 274.04 674.87 Td (Rights ) Tj ET Q q 0 0 0 rg BT 301.66 674.87 Td (are ) Tj ET Q q 0 0 0 rg BT 315.36 674.87 Td ("investment ) Tj ET Q q 0 0 0 rg BT 364.83 674.87 Td (contracts" ) Tj ET Q q 0 0 0 rg BT 406.51 674.87 Td (issued ) Tj ET Q q 0 0 0 rg BT 433.01 674.87 Td (by ) Tj ET Q q 0 0 0 rg BT 444.51 674.87 Td (PMI ) Tj ET Q q 0 0 0 rg BT 463.79 674.87 Td (directly ) Tj ET Q q 0 0 0 rg BT 495.84 674.87 Td (to ) Tj ET Q q 0 0 0 rg BT 505.12 674.87 Td (Note ) Tj ET Q q 0 0 0 rg BT 526.06 674.87 Td (holders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 664.87 Td (The ) Tj ET Q q 0 0 0 rg BT 202.99 664.87 Td (phrase ) Tj ET Q q 0 0 0 rg BT 232.53 664.87 Td ("investment ) Tj ET Q q 0 0 0 rg BT 283.94 664.87 Td (contract" ) Tj ET Q q 0 0 0 rg BT 323.67 664.87 Td (is ) Tj ET Q q 0 0 0 rg BT 333.78 664.87 Td (a ) Tj ET Q q 0 0 0 rg BT 341.67 664.87 Td (concept ) Tj ET Q q 0 0 0 rg BT 376.20 664.87 Td (under ) Tj ET Q q 0 0 0 rg BT 402.42 664.87 Td (federal ) Tj ET Q q 0 0 0 rg BT 433.61 664.87 Td (securities ) Tj ET Q q 0 0 0 rg BT 474.82 664.87 Td (law ) Tj ET Q q 0 0 0 rg BT 492.70 664.87 Td (that ) Tj ET Q q 0 0 0 rg BT 511.14 664.87 Td (refers ) Tj ET Q q 0 0 0 rg BT 537.34 664.87 Td (to ) Tj ET Q q 0 0 0 rg BT 548.57 664.87 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 654.87 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 237.42 654.87 Td (where ) Tj ET Q q 0 0 0 rg BT 265.29 654.87 Td (investors ) Tj ET Q q 0 0 0 rg BT 304.84 654.87 Td (invest ) Tj ET Q q 0 0 0 rg BT 332.17 654.87 Td (money ) Tj ET Q q 0 0 0 rg BT 362.84 654.87 Td (in ) Tj ET Q q 0 0 0 rg BT 374.06 654.87 Td (a ) Tj ET Q q 0 0 0 rg BT 381.94 654.87 Td (common ) Tj ET Q q 0 0 0 rg BT 420.38 654.87 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 463.25 654.87 Td (with ) Tj ET Q q 0 0 0 rg BT 484.47 654.87 Td (the ) Tj ET Q q 0 0 0 rg BT 500.14 654.87 Td (expectation ) Tj ET Q q 0 0 0 rg BT 549.67 654.87 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 644.87 Td (profits, ) Tj ET Q q 0 0 0 rg BT 216.73 644.87 Td (primarily ) Tj ET Q q 0 0 0 rg BT 258.07 644.87 Td (from ) Tj ET Q q 0 0 0 rg BT 281.63 644.87 Td (the ) Tj ET Q q 0 0 0 rg BT 297.97 644.87 Td (ef) Tj ET Q q 0 0 0 rg BT 305.56 644.87 Td (forts ) Tj ET Q q 0 0 0 rg BT 328.01 644.87 Td (of ) Tj ET Q q 0 0 0 rg BT 340.46 644.87 Td (others. ) Tj ET Q q 0 0 0 rg BT 371.53 644.87 Td (Here, ) Tj ET Q q 0 0 0 rg BT 397.58 644.87 Td (the ) Tj ET Q q 0 0 0 rg BT 413.92 644.87 Td ("investment ) Tj ET Q q 0 0 0 rg BT 466.01 644.87 Td (contracts" ) Tj ET Q q 0 0 0 rg BT 510.31 644.87 Td (that ) Tj ET Q q 0 0 0 rg BT 529.42 644.87 Td (PMI ) Tj ET Q q 0 0 0 rg BT 551.33 644.87 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 634.87 Td (registering ) Tj ET Q q 0 0 0 rg BT 229.08 634.87 Td (as ) Tj ET Q q 0 0 0 rg BT 239.73 634.87 Td (PMI ) Tj ET Q q 0 0 0 rg BT 259.82 634.87 Td (Management ) Tj ET Q q 0 0 0 rg BT 314.34 634.87 Td (Rights ) Tj ET Q q 0 0 0 rg BT 342.78 634.87 Td (arise ) Tj ET Q q 0 0 0 rg BT 363.97 634.87 Td (from ) Tj ET Q q 0 0 0 rg BT 385.72 634.87 Td (the ) Tj ET Q q 0 0 0 rg BT 400.26 634.87 Td (services ) Tj ET Q q 0 0 0 rg BT 434.78 634.87 Td (that ) Tj ET Q q 0 0 0 rg BT 452.09 634.87 Td (PMI ) Tj ET Q q 0 0 0 rg BT 472.19 634.87 Td (has ) Tj ET Q q 0 0 0 rg BT 487.84 634.87 Td (provided ) Tj ET Q q 0 0 0 rg BT 525.70 634.87 Td (and ) Tj ET Q q 0 0 0 rg BT 542.45 634.87 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 624.87 Td (provide, ) Tj ET Q q 0 0 0 rg BT 218.94 624.87 Td (as ) Tj ET Q q 0 0 0 rg BT 229.15 624.87 Td (described ) Tj ET Q q 0 0 0 rg BT 269.36 624.87 Td (in ) Tj ET Q q 0 0 0 rg BT 279.03 624.87 Td (the ) Tj ET Q q 0 0 0 rg BT 292.71 624.87 Td (Administration ) Tj ET Q q 0 0 0 rg BT 354.74 624.87 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 403.55 624.87 Td (the ) Tj ET Q q 0 0 0 rg BT 417.66 624.87 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 460.36 624.87 Td (the ) Tj ET Q q 0 0 0 rg BT 474.46 624.87 Td (Investor ) Tj ET Q q 0 0 0 rg BT 509.12 624.87 Td (Registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 614.87 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 233.42 614.87 Td (and ) Tj ET Q q 0 0 0 rg BT 250.36 614.87 Td (in ) Tj ET Q q 0 0 0 rg BT 260.64 614.87 Td (this ) Tj ET Q q 0 0 0 rg BT 277.59 614.87 Td (prospectus, ) Tj ET Q q 0 0 0 rg BT 325.36 614.87 Td (which ) Tj ET Q q 0 0 0 rg BT 352.30 614.87 Td (services ) Tj ET Q q 0 0 0 rg BT 387.00 614.87 Td (include, ) Tj ET Q q 0 0 0 rg BT 421.44 614.87 Td (but ) Tj ET Q q 0 0 0 rg BT 436.71 614.87 Td (are ) Tj ET Q q 0 0 0 rg BT 451.42 614.87 Td (not ) Tj ET Q q 0 0 0 rg BT 466.70 614.87 Td (limited ) Tj ET Q q 0 0 0 rg BT 497.53 614.87 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 596.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 595.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 595.87 Td (the existence and operation of the marketplace;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 581.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 580.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 580.87 Td (verification of borrower information;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 566.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 565.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 565.87 Td (evaluation and validation of the Prosper Score and Prosper Rating;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 551.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 550.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 550.87 Td (remitting borrower payments; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 536.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 535.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 535.87 Td (collecting on delinquent accounts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 517.48 Td (Offering price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 516.87 Td (No separate consideration will be paid for the PMI Management Rights and such securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 506.87 Td (will not be separable from the Notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 488.48 Td (Use of proceeds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 487.87 Td (PMI will not receive any proceeds from the issuance of the PMI Management Rights.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 469.48 Td (Electronic form and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 459.48 Td (transferability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 464.37 Td (The PMI Management Rights will be issued in electronic form only.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 441.48 Td (Enforceability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 440.87 Td (Investors who purchase PMI Management Rights will have rights under the federal securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 430.87 Td (laws as a purchaser of a registered security. Investors will have limited contractual rights,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 420.87 Td (collectively through the indenture trustee, to enforce PMI's contractual obligations under the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 410.87 Td (Administration Agreement. Such contractual rights exist under state law and will not, in any) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 400.87 Td (way, affect the rights of investors under the federal securities laws. PMI's obligations to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 390.87 Td (provide services under the Administration Agreement may be terminated by PMI or by PFL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 380.87 Td (under certain circumstances described in this prospectus. For more information, see) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 370.87 Td ("Summary of Indenture, Form of Notes, PMI Management Rights and Administration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 360.87 Td (Agreement-Administration Agreement-Indenture Trustee as Third-Party Beneficiary.") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 342.48 Td (U.S. federal income tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 332.48 Td (consequences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 341.87 Td (PMI expects that the purchase, sale and holding of the PMI Management Rights will not) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 331.87 Td (have any U.S. federal income tax consequences) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 313.48 Td (Financial suitability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 312.87 Td (See "The Offering-Borrower Payment Dependent Notes-Financial Suitability.") Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td () Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.32 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 145.99 742.10 Td (diagram ) Tj ET Q q 0 0 0 rg BT 181.52 742.10 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 223.18 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.18 742.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 261.50 742.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 299.26 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.37 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.36 742.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 376.99 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.43 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.64 742.10 Td (single ) Tj ET Q q 0 0 0 rg BT 425.30 742.10 Td (series ) Tj ET Q q 0 0 0 rg BT 450.85 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.95 742.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 490.36 742.10 Td (This ) Tj ET Q q 0 0 0 rg BT 510.91 742.10 Td (graphic ) Tj ET Q q 0 0 0 rg BT 543.68 742.10 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.19 730.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 116.48 730.10 Td (many ) Tj ET Q q 0 0 0 rg BT 141.12 730.10 Td (details ) Tj ET Q q 0 0 0 rg BT 169.63 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.38 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.01 730.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 248.79 730.10 Td (including ) Tj ET Q q 0 0 0 rg BT 288.98 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.61 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 311.20 730.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 328.60 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.34 730.10 Td (prepayments, ) Tj ET Q q 0 0 0 rg BT 395.35 730.10 Td (late ) Tj ET Q q 0 0 0 rg BT 412.20 730.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 455.45 730.10 Td (late ) Tj ET Q q 0 0 0 rg BT 472.29 730.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 490.81 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.56 730.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 543.40 730.10 Td (fees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (See ) Tj ET Q q 0 0 0 rg BT 66.94 718.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 98.52 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.24 718.10 Td (Marketplace" ) Tj ET Q q 0 0 0 rg BT 169.79 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 183.95 718.10 Td (more ) Tj ET Q q 0 0 0 rg BT 207.00 718.10 Td (information.) Tj ET Q /GS0 gs q 512.00 0 0 299.10 50.00 380.98 cm /I6 Do Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.50 324.00 Td (FOR) Tj ET Q q 0 0 0 rg BT 240.26 324.00 Td (W) Tj ET Q q 0 0 0 rg BT 249.15 324.00 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 337.03 324.00 Td (A) Tj ET Q q 0 0 0 rg BT 343.51 324.00 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 294.00 Td (This ) Tj ET Q q 0 0 0 rg BT 105.34 294.00 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 149.67 294.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 184.55 294.00 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 251.65 294.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 297.92 294.00 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 367.25 294.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 411.02 294.00 Td (include ) Tj ET Q q 0 0 0 rg BT 442.02 294.00 Td (all ) Tj ET Q q 0 0 0 rg BT 453.57 294.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 497.34 294.00 Td (that ) Tj ET Q q 0 0 0 rg BT 513.90 294.00 Td (do ) Tj ET Q q 0 0 0 rg BT 525.46 294.00 Td (not ) Tj ET Q q 0 0 0 rg BT 539.80 294.00 Td (relate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.00 Td (solely ) Tj ET Q q 0 0 0 rg BT 75.55 282.00 Td (to ) Tj ET Q q 0 0 0 rg BT 84.99 282.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 123.86 282.00 Td (or ) Tj ET Q q 0 0 0 rg BT 133.85 282.00 Td (current ) Tj ET Q q 0 0 0 rg BT 163.83 282.00 Td (facts, ) Tj ET Q q 0 0 0 rg BT 186.87 282.00 Td (and ) Tj ET Q q 0 0 0 rg BT 202.97 282.00 Td (can ) Tj ET Q q 0 0 0 rg BT 218.51 282.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 257.37 282.00 Td (be ) Tj ET Q q 0 0 0 rg BT 268.47 282.00 Td (identified ) Tj ET Q q 0 0 0 rg BT 308.45 282.00 Td (by ) Tj ET Q q 0 0 0 rg BT 320.12 282.00 Td (the ) Tj ET Q q 0 0 0 rg BT 333.99 282.00 Td (use ) Tj ET Q q 0 0 0 rg BT 348.99 282.00 Td (of ) Tj ET Q q 0 0 0 rg BT 358.98 282.00 Td (words ) Tj ET Q q 0 0 0 rg BT 385.08 282.00 Td (such ) Tj ET Q q 0 0 0 rg BT 405.07 282.00 Td (as ) Tj ET Q q 0 0 0 rg BT 415.07 282.00 Td ("may) Tj ET Q q 0 0 0 rg BT 435.71 282.00 Td (," ) Tj ET Q q 0 0 0 rg BT 443.96 282.00 Td ("believe," ) Tj ET Q q 0 0 0 rg BT 485.16 282.00 Td ("expect," ) Tj ET Q q 0 0 0 rg BT 523.58 282.00 Td ("project," ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.00 Td ("estimate," ) Tj ET Q q 0 0 0 rg BT 95.73 270.00 Td ("intend," ) Tj ET Q q 0 0 0 rg BT 133.14 270.00 Td ("anticipate," ) Tj ET Q q 0 0 0 rg BT 184.42 270.00 Td ("plan," ) Tj ET Q q 0 0 0 rg BT 214.05 270.00 Td ("continue" ) Tj ET Q q 0 0 0 rg BT 258.39 270.00 Td (or ) Tj ET Q q 0 0 0 rg BT 268.47 270.00 Td (similar ) Tj ET Q q 0 0 0 rg BT 297.99 270.00 Td (expressions. ) Tj ET Q q 0 0 0 rg BT 348.90 270.00 Td (In ) Tj ET Q q 0 0 0 rg BT 358.98 270.00 Td (particular) Tj ET Q q 0 0 0 rg BT 396.89 270.00 Td (, ) Tj ET Q q 0 0 0 rg BT 401.14 270.00 Td (information ) Tj ET Q q 0 0 0 rg BT 450.10 270.00 Td (appearing ) Tj ET Q q 0 0 0 rg BT 491.27 270.00 Td (under ) Tj ET Q q 0 0 0 rg BT 515.79 270.00 Td ("Business," ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.00 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 74.52 258.00 Td (Factors" ) Tj ET Q q 0 0 0 rg BT 110.14 258.00 Td (and ) Tj ET Q q 0 0 0 rg BT 126.67 258.00 Td ("Management's ) Tj ET Q q 0 0 0 rg BT 190.75 258.00 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 236.74 258.00 Td (and ) Tj ET Q q 0 0 0 rg BT 252.81 258.00 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 289.91 258.00 Td (of ) Tj ET Q q 0 0 0 rg BT 300.33 258.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 339.64 258.00 Td (Condition ) Tj ET Q q 0 0 0 rg BT 381.74 258.00 Td (and ) Tj ET Q q 0 0 0 rg BT 398.28 258.00 Td (Results ) Tj ET Q q 0 0 0 rg BT 429.83 258.00 Td (of ) Tj ET Q q 0 0 0 rg BT 440.25 258.00 Td (Operations" ) Tj ET Q q 0 0 0 rg BT 490.31 258.00 Td (in ) Tj ET Q q 0 0 0 rg BT 500.18 258.00 Td (this ) Tj ET Q q 0 0 0 rg BT 516.73 258.00 Td (prospectus, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.00 Td (as ) Tj ET Q q 0 0 0 rg BT 62.35 246.00 Td (well ) Tj ET Q q 0 0 0 rg BT 83.59 246.00 Td (as ) Tj ET Q q 0 0 0 rg BT 95.94 246.00 Td (the ) Tj ET Q q 0 0 0 rg BT 112.17 246.00 Td (information ) Tj ET Q q 0 0 0 rg BT 163.41 246.00 Td (appearing ) Tj ET Q q 0 0 0 rg BT 206.85 246.00 Td (under ) Tj ET Q q 0 0 0 rg BT 233.64 246.00 Td ("Management's ) Tj ET Q q 0 0 0 rg BT 299.64 246.00 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 347.55 246.00 Td (and ) Tj ET Q q 0 0 0 rg BT 365.12 246.00 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 404.14 246.00 Td (of ) Tj ET Q q 0 0 0 rg BT 416.49 246.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 457.72 246.00 Td (Condition ) Tj ET Q q 0 0 0 rg BT 501.75 246.00 Td (and ) Tj ET Q q 0 0 0 rg BT 520.20 246.00 Td (Results ) Tj ET Q q 0 0 0 rg BT 553.67 246.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.00 Td (Operations" ) Tj ET Q q 0 0 0 rg BT 100.20 234.00 Td (in ) Tj ET Q q 0 0 0 rg BT 110.23 234.00 Td (PFL) Tj ET Q q 0 0 0 rg BT 127.09 234.00 Td ( ) Tj ET Q q 0 0 0 rg BT 129.33 234.00 Td (and ) Tj ET Q q 0 0 0 rg BT 146.02 234.00 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 171.24 234.00 Td (Annual ) Tj ET Q q 0 0 0 rg BT 202.93 234.00 Td (Report ) Tj ET Q q 0 0 0 rg BT 232.39 234.00 Td (for ) Tj ET Q q 0 0 0 rg BT 246.29 234.00 Td (the ) Tj ET Q q 0 0 0 rg BT 260.76 234.00 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 284.66 234.00 Td (year ) Tj ET Q q 0 0 0 rg BT 304.11 234.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 330.23 234.00 Td (December ) Tj ET Q q 0 0 0 rg BT 373.56 234.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 388.30 234.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 413.05 234.00 Td (pages ) Tj ET Q q 0 0 0 rg BT 438.06 234.00 Td (39 ) Tj ET Q q 0 0 0 rg BT 450.31 234.00 Td (to ) Tj ET Q q 0 0 0 rg BT 460.33 234.00 Td (56, ) Tj ET Q q 0 0 0 rg BT 475.08 234.00 Td (and ) Tj ET Q q 0 0 0 rg BT 491.76 234.00 Td (in ) Tj ET Q q 0 0 0 rg BT 501.78 234.00 Td (PFL) Tj ET Q q 0 0 0 rg BT 518.64 234.00 Td ( ) Tj ET Q q 0 0 0 rg BT 520.89 234.00 Td (and ) Tj ET Q q 0 0 0 rg BT 537.57 234.00 Td (PMI) Tj ET Q q 0 0 0 rg BT 558.13 234.00 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 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Tf ET q 0 0 0 rg BT 50.00 210.00 Td (prospectus, ) Tj ET Q q 0 0 0 rg BT 97.02 210.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 132.09 210.00 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 199.38 210.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 245.84 210.00 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 315.36 210.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 359.33 210.00 Td (inherently ) Tj ET Q q 0 0 0 rg BT 401.62 210.00 Td (involve ) Tj ET Q q 0 0 0 rg BT 433.36 210.00 Td (many ) Tj ET Q q 0 0 0 rg BT 457.33 210.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 477.97 210.00 Td (and ) Tj ET Q q 0 0 0 rg BT 494.16 210.00 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 547.00 210.00 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.00 Td (could ) Tj ET Q q 0 0 0 rg BT 74.51 198.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 99.00 198.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 125.16 198.00 Td (results ) Tj ET Q q 0 0 0 rg BT 153.56 198.00 Td (to ) Tj ET Q q 0 0 0 rg BT 163.63 198.00 Td (dif) Tj ET Q q 0 0 0 rg BT 174.56 198.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 187.94 198.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 230.77 198.00 Td (from ) Tj ET Q q 0 0 0 rg BT 252.50 198.00 Td (those ) Tj ET Q q 0 0 0 rg BT 275.89 198.00 Td (projected ) Tj ET Q q 0 0 0 rg BT 315.39 198.00 Td (in ) Tj ET Q q 0 0 0 rg BT 325.45 198.00 Td (these ) Tj ET Q q 0 0 0 rg BT 348.29 198.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 395.12 198.00 Td (Where, ) Tj ET Q q 0 0 0 rg BT 426.56 198.00 Td (in ) Tj ET Q q 0 0 0 rg BT 436.63 198.00 Td (any ) Tj ET Q q 0 0 0 rg BT 453.35 198.00 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 521.18 198.00 Td (statement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.00 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 186.00 Td ( ) Tj ET Q q 0 0 0 rg BT 69.87 186.00 Td (or ) Tj ET Q q 0 0 0 rg BT 81.20 186.00 Td (PMI ) Tj ET Q q 0 0 0 rg BT 101.99 186.00 Td (expresses ) Tj ET Q q 0 0 0 rg BT 143.32 186.00 Td (an ) Tj ET Q q 0 0 0 rg BT 155.77 186.00 Td (expectation ) Tj ET Q q 0 0 0 rg BT 204.86 186.00 Td (or ) Tj ET Q q 0 0 0 rg BT 216.20 186.00 Td (belief ) Tj ET Q q 0 0 0 rg BT 241.97 186.00 Td (as ) Tj ET Q q 0 0 0 rg BT 253.31 186.00 Td (to ) Tj ET Q q 0 0 0 rg BT 264.09 186.00 Td (future ) Tj ET Q q 0 0 0 rg BT 290.98 186.00 Td (results ) Tj ET Q q 0 0 0 rg BT 320.09 186.00 Td (or ) Tj ET Q q 0 0 0 rg BT 331.43 186.00 Td (events, ) Tj ET Q q 0 0 0 rg BT 362.48 186.00 Td (such ) Tj ET Q q 0 0 0 rg BT 383.82 186.00 Td (expectation ) Tj ET Q q 0 0 0 rg BT 432.91 186.00 Td (or ) Tj ET Q q 0 0 0 rg BT 444.25 186.00 Td (belief ) Tj ET Q q 0 0 0 rg BT 470.02 186.00 Td (is ) Tj ET Q q 0 0 0 rg BT 479.70 186.00 Td (based ) Tj ET Q q 0 0 0 rg BT 505.47 186.00 Td (on ) Tj ET Q q 0 0 0 rg BT 518.48 186.00 Td (the ) Tj ET Q q 0 0 0 rg BT 533.70 186.00 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.00 Td (plans ) Tj ET Q q 0 0 0 rg BT 74.99 174.00 Td (and ) Tj ET Q q 0 0 0 rg BT 93.32 174.00 Td (expectations ) Tj ET Q q 0 0 0 rg BT 147.18 174.00 Td (of ) Tj ET Q q 0 0 0 rg BT 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(assurance ) Tj ET Q q 0 0 0 rg BT 211.31 162.00 Td (that ) Tj ET Q q 0 0 0 rg BT 228.81 162.00 Td (the ) Tj ET Q q 0 0 0 rg BT 243.53 162.00 Td (expectation ) Tj ET Q q 0 0 0 rg BT 292.11 162.00 Td (or ) Tj ET Q q 0 0 0 rg BT 302.94 162.00 Td (belief ) Tj ET Q q 0 0 0 rg BT 328.21 162.00 Td (will ) Tj ET Q q 0 0 0 rg BT 346.26 162.00 Td (result ) Tj ET Q q 0 0 0 rg BT 370.98 162.00 Td (or ) Tj ET Q q 0 0 0 rg BT 381.81 162.00 Td (be ) Tj ET Q q 0 0 0 rg BT 393.75 162.00 Td (achieved ) Tj ET Q q 0 0 0 rg BT 431.78 162.00 Td (or ) Tj ET Q q 0 0 0 rg BT 442.61 162.00 Td (accomplished.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 147.00 Td () Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.28 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 145.90 742.10 Td (include ) Tj ET Q q 0 0 0 rg BT 178.07 742.10 Td (some ) Tj ET Q q 0 0 0 rg BT 201.91 742.10 Td (but ) Tj ET Q q 0 0 0 rg BT 217.42 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 232.93 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 245.66 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.72 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.67 742.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 301.62 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 319.34 742.10 Td (could ) Tj ET Q q 0 0 0 rg BT 344.29 742.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 369.23 742.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 395.84 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 424.68 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.75 742.10 Td (events ) Tj ET Q q 0 0 0 rg BT 464.03 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.54 742.10 Td (dif) Tj ET Q q 0 0 0 rg BT 485.46 742.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 499.30 742.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 542.57 742.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.61 730.10 Td (anticipated:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 697.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.34 697.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 179.99 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.45 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.79 697.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 232.75 697.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 261.81 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.72 697.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 306.62 697.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.52 697.10 Td (being ) Tj ET Q q 0 0 0 rg BT 340.87 697.10 Td (speculative ) Tj ET Q q 0 0 0 rg BT 387.97 697.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 440.37 697.10 Td (are ) Tj ET Q q 0 0 0 rg BT 454.71 697.10 Td (special, ) Tj ET Q q 0 0 0 rg BT 487.10 697.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 517.55 697.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 685.10 Td (that ) Tj ET Q q 0 0 0 rg BT 130.50 685.10 Td (are ) Tj ET Q q 0 0 0 rg BT 145.20 685.10 Td (not ) Tj ET Q q 0 0 0 rg BT 160.48 685.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 206.84 685.10 Td (or ) Tj ET Q q 0 0 0 rg BT 217.67 685.10 Td (insured;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 667.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 667.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 138.37 667.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 166.37 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.59 667.10 Td (make ) Tj ET Q q 0 0 0 rg BT 200.69 667.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 241.46 667.10 Td (on ) Tj ET Q q 0 0 0 rg BT 253.91 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.57 667.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 296.84 667.10 Td (including ) Tj ET Q q 0 0 0 rg BT 337.06 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.29 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.95 667.10 Td (event ) Tj ET Q q 0 0 0 rg BT 386.05 667.10 Td (that ) Tj ET Q q 0 0 0 rg BT 403.49 667.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 446.48 667.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 462.25 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.47 667.10 Td (make ) Tj ET Q q 0 0 0 rg BT 496.57 667.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 537.34 667.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 667.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 655.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 172.71 655.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 213.53 655.10 Td (Loans;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 637.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 637.10 Td (our ) Tj ET Q q 0 0 0 rg BT 128.83 637.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 156.88 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.16 637.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 194.64 637.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 232.13 637.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 275.17 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.45 637.10 Td (our ) Tj ET Q q 0 0 0 rg BT 301.28 637.10 Td (marketplace;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 619.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.69 619.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 167.04 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.84 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.53 619.10 Td (information ) Tj ET Q q 0 0 0 rg BT 239.21 619.10 Td (about ) Tj ET Q q 0 0 0 rg BT 262.90 619.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 304.92 619.10 Td (that ) Tj ET Q q 0 0 0 rg BT 321.38 619.10 Td (is ) Tj ET Q q 0 0 0 rg BT 329.53 619.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 364.88 619.10 Td (by ) Tj ET Q q 0 0 0 rg BT 376.36 619.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 418.37 619.10 Td (including ) Tj ET Q q 0 0 0 rg BT 457.62 619.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 487.41 619.10 Td (by ) Tj ET Q q 0 0 0 rg BT 498.89 619.10 Td (some ) Tj ET Q q 0 0 0 rg BT 521.47 619.10 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.28 607.10 Td (defraud ) Tj ET Q q 0 0 0 rg BT 156.32 607.10 Td (investors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 589.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 589.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.25 589.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 157.71 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.41 589.10 Td (service ) Tj ET Q q 0 0 0 rg BT 199.64 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.77 589.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 256.00 589.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 285.86 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.21 589.10 Td (our ) Tj ET Q q 0 0 0 rg BT 319.46 589.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 347.92 589.10 Td (or ) Tj ET Q q 0 0 0 rg BT 359.17 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.30 589.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 402.77 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.01 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.36 589.10 Td (third ) Tj ET Q q 0 0 0 rg BT 443.17 589.10 Td (party ) Tj ET Q q 0 0 0 rg BT 466.63 589.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 486.76 589.10 Td (collector ) Tj ET Q q 0 0 0 rg BT 524.66 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.35 589.10 Td (pursue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 577.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 154.93 577.10 Td (against ) Tj ET Q q 0 0 0 rg BT 185.75 577.10 Td (any ) Tj ET Q q 0 0 0 rg BT 202.69 577.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 238.94 577.10 Td (, ) Tj ET Q q 0 0 0 rg BT 243.94 577.10 Td (including ) Tj ET Q q 0 0 0 rg BT 284.22 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.49 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.21 577.10 Td (event ) Tj ET Q q 0 0 0 rg BT 333.37 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.20 577.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 367.79 577.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.63 577.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 411.68 577.10 Td (theft;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 559.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 559.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 138.26 559.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 159.66 559.10 Td (posed ) Tj ET Q q 0 0 0 rg BT 185.49 559.10 Td (by ) Tj ET Q q 0 0 0 rg BT 197.99 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.70 559.10 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 281.30 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.13 559.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 335.17 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.11 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.82 559.10 Td (ef) Tj ET Q q 0 0 0 rg BT 374.41 559.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 421.33 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.17 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.88 559.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 472.15 559.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 497.97 559.10 Td (systems;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 541.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 541.10 Td (our ) Tj ET Q q 0 0 0 rg BT 128.16 541.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 176.08 541.10 Td (with ) Tj ET Q q 0 0 0 rg BT 195.68 541.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 238.60 541.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 284.86 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.13 541.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 344.05 541.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 401.42 541.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.58 541.10 Td (court ) Tj ET Q q 0 0 0 rg BT 433.96 541.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 473.00 541.10 Td (af) Tj ET Q q 0 0 0 rg BT 480.59 541.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 510.18 541.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.34 541.10 Td (business; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 523.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 523.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 151.63 523.10 Td (ef) Tj ET Q q 0 0 0 rg BT 159.22 523.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 181.19 523.10 Td (by ) Tj ET Q q 0 0 0 rg BT 194.83 523.10 Td (state ) Tj ET Q q 0 0 0 rg BT 216.79 523.10 Td (regulators ) Tj ET Q q 0 0 0 rg BT 260.41 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.38 523.10 Td (litigants ) Tj ET Q q 0 0 0 rg BT 308.24 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.66 523.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 352.19 523.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 386.94 523.10 Td (that ) Tj ET Q q 0 0 0 rg BT 405.57 523.10 Td (could ) Tj ET Q q 0 0 0 rg BT 431.43 523.10 Td (af) Tj ET Q q 0 0 0 rg BT 439.01 523.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 457.64 523.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 484.20 523.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 499.50 523.10 Td (any ) Tj ET Q q 0 0 0 rg BT 517.58 523.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 511.10 Td (assignee's\) ) Tj ET Q q 0 0 0 rg BT 158.94 511.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 187.54 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.36 511.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 235.83 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.65 511.10 Td (char) Tj ET Q q 0 0 0 rg BT 263.68 511.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 276.16 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.98 511.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 330.56 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.82 511.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 378.30 511.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 400.22 511.10 Td (that ) Tj ET Q q 0 0 0 rg BT 418.25 511.10 Td (they ) Tj ET Q q 0 0 0 rg BT 438.51 511.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 468.20 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.02 511.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 496.50 511.10 Td (at ) Tj ET Q q 0 0 0 rg BT 506.76 511.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 553.68 511.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 499.10 Td (their ) Tj ET Q q 0 0 0 rg BT 133.83 499.10 Td (loans;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 481.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 481.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 157.43 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.26 481.10 Td (current ) Tj ET Q q 0 0 0 rg BT 199.07 481.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 240.45 481.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 284.61 481.10 Td (on ) Tj ET Q q 0 0 0 rg BT 297.11 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.83 481.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 364.85 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.68 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.40 481.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 416.23 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.17 481.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 451.23 481.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 472.60 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.43 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.15 481.10 Td (Notes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 463.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 463.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.19 463.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 178.14 463.10 Td (with ) Tj ET Q q 0 0 0 rg BT 198.78 463.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 242.73 463.10 Td (local, ) Tj ET Q q 0 0 0 rg BT 267.53 463.10 Td (state ) Tj ET Q q 0 0 0 rg BT 288.71 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.01 463.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 336.63 463.10 Td (law) Tj ET Q q 0 0 0 rg BT 350.42 463.10 Td (, ) Tj ET Q q 0 0 0 rg BT 355.78 463.10 Td (including ) Tj ET Q q 0 0 0 rg BT 396.41 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.49 463.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 458.15 463.10 Td (Advisers ) Tj ET Q q 0 0 0 rg BT 495.94 463.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 513.24 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.43 463.10 Td (1940, ) Tj ET Q q 0 0 0 rg BT 549.79 463.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 451.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 159.93 451.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 200.77 451.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 217.71 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.54 451.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 251.04 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.98 451.10 Td (other ) Tj ET Q q 0 0 0 rg BT 291.02 451.10 Td (laws;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 433.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 433.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 150.31 433.10 Td (ef) Tj ET Q q 0 0 0 rg BT 157.90 433.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 178.55 433.10 Td (by ) Tj ET Q q 0 0 0 rg BT 190.87 433.10 Td (state ) Tj ET Q q 0 0 0 rg BT 211.52 433.10 Td (regulators ) Tj ET Q q 0 0 0 rg BT 253.83 433.10 Td (or ) Tj ET Q q 0 0 0 rg BT 264.48 433.10 Td (litigants ) Tj ET Q q 0 0 0 rg BT 299.02 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.12 433.10 Td (characterize ) Tj ET Q q 0 0 0 rg BT 359.73 433.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 376.59 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.91 433.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.56 433.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 412.17 433.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 437.81 433.10 Td (than ) Tj ET Q q 0 0 0 rg BT 457.18 433.10 Td (W) Tj ET Q q 0 0 0 rg BT 465.82 433.10 Td (ebBank, ) Tj ET Q q 0 0 0 rg BT 501.18 433.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.84 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.37 433.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 553.68 433.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 421.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 168.54 421.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 195.48 421.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 238.52 421.10 Td (through ) Tj ET Q q 0 0 0 rg BT 272.13 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.84 421.10 Td (marketplace;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 403.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 403.10 Td (application ) Tj ET Q q 0 0 0 rg BT 174.65 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.48 403.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 215.73 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.67 403.10 Td (state ) Tj ET Q q 0 0 0 rg BT 253.49 403.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 300.98 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.92 403.10 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 363.74 403.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 384.57 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.85 403.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 440.39 403.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 457.25 403.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.75 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.69 403.10 Td (PMI;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 385.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 385.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 157.43 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.26 385.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 207.41 385.10 Td (delinquencies, ) Tj ET Q q 0 0 0 rg BT 267.39 385.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 301.54 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.48 385.10 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 372.08 385.10 Td (on ) Tj ET Q q 0 0 0 rg BT 384.58 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.29 385.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 429.56 385.10 Td (on ) Tj ET Q q 0 0 0 rg BT 442.06 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.78 385.10 Td (Notes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 367.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 367.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 146.87 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.70 367.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.64 367.10 Td (public ) Tj ET Q q 0 0 0 rg BT 192.14 367.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 222.96 367.10 Td (market ) Tj ET Q q 0 0 0 rg BT 253.22 367.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.38 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.10 367.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 307.93 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.87 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.59 367.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 375.42 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.70 367.10 Td (resell ) Tj ET Q q 0 0 0 rg BT 409.85 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.57 367.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 450.40 367.10 Td (at ) Tj ET Q q 0 0 0 rg BT 460.11 367.10 Td (all;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 349.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 349.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 157.97 349.10 Td (income ) Tj ET Q q 0 0 0 rg BT 189.90 349.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.62 349.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 244.88 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.71 349.10 Td (an ) Tj ET Q q 0 0 0 rg BT 267.65 349.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 314.03 349.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.31 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.03 349.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 364.86 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.79 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.51 349.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 416.79 349.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 471.50 349.10 Td (Rights; ) Tj ET Q q 0 0 0 rg BT 502.89 349.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 331.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 331.10 Td (our ) Tj ET Q q 0 0 0 rg BT 128.64 331.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 156.51 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.60 331.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 198.90 331.10 Td (security ) Tj ET Q q 0 0 0 rg BT 232.87 331.10 Td (breaches, ) Tj ET Q q 0 0 0 rg BT 272.66 331.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 319.42 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.51 331.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 362.64 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.39 331.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 428.35 331.10 Td (events ) Tj ET Q q 0 0 0 rg BT 456.21 331.10 Td (that ) Tj ET Q q 0 0 0 rg BT 473.51 331.10 Td (could ) Tj ET Q q 0 0 0 rg BT 498.04 331.10 Td (compromise ) Tj ET Q q 0 0 0 rg BT 549.79 331.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 319.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 149.77 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.09 319.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 217.74 319.10 Td (information ) Tj ET Q q 0 0 0 rg BT 267.84 319.10 Td (held ) Tj ET Q q 0 0 0 rg BT 287.94 319.10 Td (on ) Tj ET Q q 0 0 0 rg BT 300.83 319.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.05 319.10 Td (data ) Tj ET Q q 0 0 0 rg BT 336.59 319.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 373.65 319.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 403.19 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.29 319.10 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 475.60 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.82 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.92 319.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 553.67 319.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 307.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 153.82 307.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 183.53 307.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.36 307.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 227.41 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.69 307.10 Td (service ) Tj ET Q q 0 0 0 rg BT 268.50 307.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 309.32 307.10 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 277.10 Td (There ) Tj ET Q q 0 0 0 rg BT 112.18 277.10 Td (may ) Tj ET Q q 0 0 0 rg BT 132.27 277.10 Td (be ) Tj ET Q q 0 0 0 rg BT 144.58 277.10 Td (other ) Tj ET Q q 0 0 0 rg BT 167.99 277.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 198.07 277.10 Td (that ) Tj ET Q q 0 0 0 rg BT 215.93 277.10 Td (may ) Tj ET Q q 0 0 0 rg BT 236.02 277.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 261.09 277.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 287.83 277.10 Td (results ) Tj ET Q q 0 0 0 rg BT 316.81 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.46 277.10 Td (dif) Tj ET Q q 0 0 0 rg BT 338.39 277.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 352.35 277.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 395.76 277.10 Td (from ) Tj ET Q q 0 0 0 rg BT 418.07 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.15 277.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 501.56 277.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 548.93 277.10 Td (W) Tj ET Q q 0 0 0 rg BT 557.57 277.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (can ) Tj ET Q q 0 0 0 rg BT 66.90 265.10 Td (give ) Tj ET Q q 0 0 0 rg BT 87.13 265.10 Td (no ) Tj ET Q q 0 0 0 rg BT 100.15 265.10 Td (assurances ) Tj ET Q q 0 0 0 rg BT 145.93 265.10 Td (that ) Tj ET Q q 0 0 0 rg BT 163.94 265.10 Td (any ) Tj ET Q q 0 0 0 rg BT 181.40 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.75 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.99 265.10 Td (events ) Tj ET Q q 0 0 0 rg BT 236.55 265.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 283.44 265.10 Td (by ) Tj ET Q q 0 0 0 rg BT 296.46 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.69 265.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 380.25 265.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 425.48 265.10 Td (will ) Tj ET Q q 0 0 0 rg BT 444.06 265.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 469.28 265.10 Td (or) Tj ET Q q 0 0 0 rg BT 477.21 265.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.73 265.10 Td (if ) Tj ET Q q 0 0 0 rg BT 491.86 265.10 Td (any ) Tj ET Q q 0 0 0 rg BT 509.31 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.66 265.10 Td (them ) Tj ET Q q 0 0 0 rg BT 543.68 265.10 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (occur) Tj ET Q q 0 0 0 rg BT 71.81 253.10 Td (, ) Tj ET Q q 0 0 0 rg BT 77.20 253.10 Td (what ) Tj ET Q q 0 0 0 rg BT 99.53 253.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 129.64 253.10 Td (they ) Tj ET Q q 0 0 0 rg BT 149.75 253.10 Td (will ) Tj ET Q q 0 0 0 rg BT 168.20 253.10 Td (have ) Tj ET Q q 0 0 0 rg BT 189.97 253.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.87 253.10 Td (either ) Tj ET Q q 0 0 0 rg BT 228.53 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.75 253.10 Td (our ) Tj ET Q q 0 0 0 rg BT 255.98 253.10 Td (results ) Tj ET Q q 0 0 0 rg BT 284.98 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.20 253.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 340.75 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.09 253.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 395.96 253.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 442.59 253.10 Td (Y) Tj ET Q q 0 0 0 rg BT 448.81 253.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 461.71 253.10 Td (should ) Tj ET Q q 0 0 0 rg BT 491.27 253.10 Td (carefully ) Tj ET Q q 0 0 0 rg BT 529.70 253.10 Td (read ) Tj ET Q q 0 0 0 rg BT 549.80 253.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 79.57 241.10 Td (described ) Tj ET Q q 0 0 0 rg BT 120.25 241.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.40 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.98 241.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 169.76 241.10 Td (Factors" ) Tj ET Q q 0 0 0 rg BT 205.65 241.10 Td (section ) Tj ET Q q 0 0 0 rg BT 236.34 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.03 241.10 Td (this ) Tj ET Q q 0 0 0 rg BT 263.85 241.10 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 308.98 241.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.00 241.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.81 241.10 Td (description ) Tj ET Q q 0 0 0 rg BT 376.61 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.30 241.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 416.87 241.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 438.12 241.10 Td (that ) Tj ET Q q 0 0 0 rg BT 455.48 241.10 Td (could, ) Tj ET Q q 0 0 0 rg BT 482.57 241.10 Td (among ) Tj ET Q q 0 0 0 rg BT 512.15 241.10 Td (other ) Tj ET Q q 0 0 0 rg BT 535.06 241.10 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 74.71 229.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.54 229.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 116.91 229.10 Td (results ) Tj ET Q q 0 0 0 rg BT 145.52 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.80 229.10 Td (dif) Tj ET Q q 0 0 0 rg BT 166.72 229.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 180.32 229.10 Td (from ) Tj ET Q q 0 0 0 rg BT 202.26 229.10 Td (these ) Tj ET Q q 0 0 0 rg BT 225.31 229.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 293.34 229.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 199.10 Td (All ) Tj ET Q q 0 0 0 rg BT 101.40 199.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 169.56 199.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 214.40 199.10 Td (speak ) Tj ET Q q 0 0 0 rg BT 239.79 199.10 Td (only ) Tj ET Q q 0 0 0 rg BT 260.20 199.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.15 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.11 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.95 199.10 Td (date ) Tj ET Q q 0 0 0 rg BT 316.23 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.18 199.10 Td (this ) Tj ET Q q 0 0 0 rg BT 344.25 199.10 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 389.65 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.71 199.10 Td (are ) Tj ET Q q 0 0 0 rg BT 421.54 199.10 Td (expressly ) Tj ET Q q 0 0 0 rg BT 461.94 199.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 500.10 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.50 199.10 Td (their ) Tj ET Q q 0 0 0 rg BT 531.45 199.10 Td (entirety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.54 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.29 187.10 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 119.03 187.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 162.77 187.10 Td (included ) Tj ET Q q 0 0 0 rg BT 198.74 187.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.06 187.10 Td (this ) Tj ET Q q 0 0 0 rg BT 224.04 187.10 Td (prospectus. ) Tj ET Q q 0 0 0 rg BT 270.73 187.10 Td (W) Tj ET Q q 0 0 0 rg BT 279.37 187.10 Td (e ) Tj ET Q q 0 0 0 rg BT 285.35 187.10 Td (undertake ) Tj ET Q q 0 0 0 rg BT 326.31 187.10 Td (no ) Tj ET Q q 0 0 0 rg BT 337.84 187.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 379.93 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.24 187.10 Td (update ) Tj ET Q q 0 0 0 rg BT 417.43 187.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.30 187.10 Td (revise ) Tj ET Q q 0 0 0 rg BT 452.71 187.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 519.78 187.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.96 175.10 Td (may ) Tj ET Q q 0 0 0 rg BT 88.14 175.10 Td (be ) Tj ET Q q 0 0 0 rg BT 100.54 175.10 Td (made ) Tj ET Q q 0 0 0 rg BT 125.16 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.90 175.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 164.40 175.10 Td (events ) Tj ET Q q 0 0 0 rg BT 192.91 175.10 Td (or ) Tj ET Q q 0 0 0 rg BT 204.20 175.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 263.81 175.10 Td (that ) Tj ET Q q 0 0 0 rg BT 281.77 175.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 303.61 175.10 Td (after ) Tj ET Q q 0 0 0 rg BT 324.89 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.07 175.10 Td (date ) Tj ET Q q 0 0 0 rg BT 359.69 175.10 Td (made ) Tj ET Q q 0 0 0 rg BT 384.31 175.10 Td (or ) Tj ET Q q 0 0 0 rg BT 395.60 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.34 175.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 434.84 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.02 175.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 496.84 175.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.13 175.10 Td (unanticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 80.55 163.10 Td (other ) Tj ET Q q 0 0 0 rg BT 103.59 163.10 Td (than ) Tj ET Q q 0 0 0 rg BT 123.31 163.10 Td (as ) Tj ET Q q 0 0 0 rg BT 134.14 163.10 Td (required ) Tj ET Q q 0 0 0 rg BT 169.96 163.10 Td (by ) Tj ET Q q 0 0 0 rg BT 182.46 163.10 Td (law) Tj ET Q q 0 0 0 rg BT 196.25 163.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.05 133.10 Td (RISK F) Tj ET Q q 0 0 0 rg BT 301.37 133.10 Td (ACT) Tj ET Q q 0 0 0 rg BT 322.30 133.10 Td (ORS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.90 103.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 93.58 103.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.48 103.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 132.15 103.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 187.26 103.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 215.72 103.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 247.50 103.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.40 103.10 Td (high ) Tj ET Q q 0 0 0 rg BT 276.08 103.10 Td (degr) Tj ET Q q 0 0 0 rg BT 294.04 103.10 Td (ee ) Tj ET Q q 0 0 0 rg BT 305.82 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.50 103.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 336.90 103.10 Td (Y) Tj ET Q q 0 0 0 rg BT 341.54 103.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 354.44 103.10 Td (should ) Tj ET Q q 0 0 0 rg BT 384.01 103.10 Td (car) Tj ET Q q 0 0 0 rg BT 396.97 103.10 Td (efully ) Tj ET Q q 0 0 0 rg BT 422.09 103.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 459.43 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.55 103.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 496.34 103.10 Td (described ) Tj ET Q q 0 0 0 rg BT 538.12 103.10 Td (below ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (befor) Tj ET Q q 0 0 0 rg BT 70.74 91.10 Td (e ) Tj ET Q q 0 0 0 rg BT 77.99 91.10 Td (making ) Tj ET Q q 0 0 0 rg BT 110.25 91.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.06 91.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 154.21 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.80 91.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 190.94 91.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.54 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.57 91.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 242.16 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.98 91.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 280.57 91.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 335.59 91.10 Td (Rights. ) Tj ET Q q 0 0 0 rg BT 366.46 91.10 Td (If ) Tj ET Q q 0 0 0 rg BT 375.39 91.10 Td (any ) Tj ET Q q 0 0 0 rg BT 392.64 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.24 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.27 91.10 Td (following ) Tj ET Q q 0 0 0 rg BT 458.87 91.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 480.58 91.10 Td (actually ) Tj ET Q q 0 0 0 rg BT 515.61 91.10 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 547.58 91.10 Td (you ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (might ) Tj ET Q q 0 0 0 rg BT 75.39 79.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 94.11 79.10 Td (all ) Tj ET Q q 0 0 0 rg BT 107.28 79.10 Td (or ) Tj ET Q q 0 0 0 rg BT 118.78 79.10 Td (part ) Tj ET Q q 0 0 0 rg BT 138.06 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.45 79.10 Td (your ) Tj ET Q q 0 0 0 rg BT 169.39 79.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 214.77 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.16 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.99 79.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 265.38 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.99 79.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 303.37 79.10 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q 0 0 0 rg BT 477.64 487.10 Td (on ) Tj ET Q q 0 0 0 rg BT 490.11 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.80 487.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 91.58 475.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 117.89 475.10 Td (net ) Tj ET Q q 0 0 0 rg BT 133.37 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.97 475.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 184.89 475.10 Td (fees. ) Tj ET Q q 0 0 0 rg BT 206.75 475.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 223.61 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.87 475.10 Td (also ) Tj ET Q q 0 0 0 rg BT 246.24 475.10 Td (will ) Tj ET Q q 0 0 0 rg BT 265.06 475.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 291.09 475.10 Td (from ) Tj ET Q q 0 0 0 rg BT 313.79 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.27 475.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 354.76 475.10 Td (received ) Tj ET Q q 0 0 0 rg BT 391.88 475.10 Td (from ) Tj ET Q q 0 0 0 rg BT 414.58 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.06 475.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 465.53 475.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 505.44 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.14 475.10 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (available ) Tj ET Q q 0 0 0 rg BT 88.44 463.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.46 463.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 139.25 463.10 Td (on ) Tj ET Q q 0 0 0 rg BT 151.60 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.17 463.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 191.86 463.10 Td (any ) Tj ET Q q 0 0 0 rg BT 208.65 463.10 Td (non-suf) Tj ET Q q 0 0 0 rg BT 239.02 463.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 266.92 463.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 291.50 463.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 309.95 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.74 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.32 463.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 377.56 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.24 463.10 Td (any ) Tj ET Q q 0 0 0 rg BT 405.04 463.10 Td (attorneys' ) Tj ET Q q 0 0 0 rg BT 445.85 463.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 464.30 463.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.99 463.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 516.77 463.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 535.22 463.10 Td (our ) Tj ET Q q 0 0 0 rg BT 550.91 463.10 Td (in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (house ) Tj ET Q q 0 0 0 rg BT 75.56 451.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 121.11 451.10 Td (department, ) Tj ET Q q 0 0 0 rg BT 170.82 451.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.49 451.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 222.49 451.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 256.36 451.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.92 451.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 308.58 451.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 339.13 451.10 Td (imposes ) Tj ET Q q 0 0 0 rg BT 374.14 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.14 451.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 430.25 451.10 Td (with ) Tj ET Q q 0 0 0 rg BT 450.26 451.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 491.92 451.10 Td (ef) Tj ET Q q 0 0 0 rg BT 499.50 451.10 Td (forts. ) Tj ET Q q 0 0 0 rg BT 522.56 451.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 549.78 451.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 74.63 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.37 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.00 439.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 128.24 439.10 Td (if ) Tj ET Q q 0 0 0 rg BT 136.76 439.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 153.62 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.04 439.10 Td (does ) Tj ET Q q 0 0 0 rg BT 176.78 439.10 Td (not ) Tj ET Q q 0 0 0 rg BT 191.97 439.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 223.24 439.10 Td (any ) Tj ET Q q 0 0 0 rg BT 240.09 439.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.83 439.10 Td (all ) Tj ET Q q 0 0 0 rg BT 263.24 439.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 303.98 439.10 Td (on ) Tj ET Q q 0 0 0 rg BT 316.39 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.02 439.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 390.64 439.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 431.37 439.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 456.83 439.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 497.57 439.10 Td (on ) Tj ET Q q 0 0 0 rg BT 509.98 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.61 439.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 546.46 439.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.49 427.10 Td (correspondingly ) Tj ET Q q 0 0 0 rg BT 130.53 427.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 165.23 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.06 427.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 203.55 427.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.94 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.77 427.10 Td (part. ) Tj ET Q q 0 0 0 rg BT 246.87 427.10 Td (If ) Tj ET Q q 0 0 0 rg BT 256.58 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.85 427.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 307.11 427.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 346.81 427.10 Td (does ) Tj ET Q q 0 0 0 rg BT 368.19 427.10 Td (not ) Tj ET Q q 0 0 0 rg BT 384.02 427.10 Td (make ) Tj ET Q q 0 0 0 rg BT 408.73 427.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.22 427.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 453.71 427.10 Td (on ) Tj ET Q q 0 0 0 rg BT 466.76 427.10 Td (a ) Tj ET Q q 0 0 0 rg BT 474.26 427.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 508.40 427.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 544.79 427.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 86.93 415.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 108.59 415.10 Td (no ) Tj ET Q q 0 0 0 rg BT 121.09 415.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 158.02 415.10 Td (will ) Tj ET Q q 0 0 0 rg BT 176.08 415.10 Td (be ) Tj ET Q q 0 0 0 rg BT 188.02 415.10 Td (made ) Tj ET Q q 0 0 0 rg BT 212.17 415.10 Td (on ) Tj ET Q q 0 0 0 rg BT 224.67 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.39 415.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 261.33 415.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.83 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.54 415.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 348.25 415.10 Td (succeeding ) Tj ET Q q 0 0 0 rg BT 395.18 415.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 417.11 415.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 454.05 415.10 Td (date.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 103.07 385.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 140.02 385.10 Td (by ) Tj ET Q q 0 0 0 rg BT 151.97 385.10 Td (applicants ) Tj ET Q q 0 0 0 rg BT 196.69 385.10 Td (may ) Tj ET Q q 0 0 0 rg BT 216.41 385.10 Td (be ) Tj ET Q q 0 0 0 rg BT 228.35 385.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 274.74 385.10 Td (or ) Tj ET Q q 0 0 0 rg BT 286.14 385.10 Td (intentionally ) Tj ET Q q 0 0 0 rg BT 340.87 385.10 Td (false. ) Tj ET Q q 0 0 0 rg BT 365.31 385.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 418.39 385.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 461.45 385.10 Td (income ) Tj ET Q q 0 0 0 rg BT 493.95 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.01 385.10 Td (employment ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 373.10 Td (not ) Tj ET Q q 0 0 0 rg BT 75.01 373.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 108.60 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 119.44 373.10 Td (many ) Tj ET Q q 0 0 0 rg BT 144.72 373.10 Td (cases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 343.10 Td (Applicants ) Tj ET Q q 0 0 0 rg BT 131.22 343.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 159.78 343.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.11 343.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 195.77 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.00 343.10 Td (information ) Tj ET Q q 0 0 0 rg BT 255.10 343.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 295.31 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.42 343.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 342.97 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.20 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.31 343.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 388.92 343.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 422.75 343.10 Td (occupation, ) Tj ET Q q 0 0 0 rg BT 471.01 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.34 343.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 539.23 343.10 Td (status ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.72 331.10 Td (is ) Tj ET Q q 0 0 0 rg BT 77.12 331.10 Td (included ) Tj ET Q q 0 0 0 rg BT 114.28 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.78 331.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 164.16 331.10 Td (listings. ) Tj ET Q q 0 0 0 rg BT 198.08 331.10 Td (W) Tj ET Q q 0 0 0 rg BT 206.72 331.10 Td (e ) Tj ET Q q 0 0 0 rg BT 213.89 331.10 Td (do ) Tj ET Q q 0 0 0 rg BT 226.61 331.10 Td (not ) Tj ET Q q 0 0 0 rg BT 242.12 331.10 Td (verify ) Tj ET Q q 0 0 0 rg BT 268.72 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.66 331.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 320.27 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.33 331.10 Td (this ) Tj ET Q q 0 0 0 rg BT 348.50 331.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 400.94 331.10 Td (which ) Tj ET Q q 0 0 0 rg BT 428.10 331.10 Td (may ) Tj ET Q q 0 0 0 rg BT 448.05 331.10 Td (be ) Tj ET Q q 0 0 0 rg BT 460.21 331.10 Td (incomplete, ) Tj ET Q q 0 0 0 rg BT 509.86 331.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 553.67 331.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (intentionally ) Tj ET Q q 0 0 0 rg BT 102.59 319.10 Td (false. ) Tj ET Q q 0 0 0 rg BT 125.55 319.10 Td (Applicants ) Tj ET Q q 0 0 0 rg BT 170.92 319.10 Td (may ) Tj ET Q q 0 0 0 rg BT 190.18 319.10 Td (misrepresent ) Tj ET Q q 0 0 0 rg BT 243.31 319.10 Td (their ) Tj ET Q q 0 0 0 rg BT 263.67 319.10 Td (intentions ) Tj ET Q q 0 0 0 rg BT 305.16 319.10 Td (for ) Tj ET Q q 0 0 0 rg BT 318.86 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.12 319.10 Td (use ) Tj ET Q q 0 0 0 rg BT 348.49 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.86 319.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 399.22 319.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 421.80 319.10 Td (proceeds. ) Tj ET Q q 0 0 0 rg BT 461.88 319.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 493.91 319.10 Td (we ) Tj ET Q q 0 0 0 rg BT 507.61 319.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 522.83 319.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.47 319.10 Td (ebBank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (verifies ) Tj ET Q q 0 0 0 rg BT 82.73 307.10 Td (any ) Tj ET Q q 0 0 0 rg BT 99.92 307.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 144.87 307.10 Td (by ) Tj ET Q q 0 0 0 rg BT 157.62 307.10 Td (applicants ) Tj ET Q q 0 0 0 rg BT 200.91 307.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.98 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.51 307.10 Td (how ) Tj ET Q q 0 0 0 rg BT 242.47 307.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 262.44 307.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 300.72 307.10 Td (are ) Tj ET Q q 0 0 0 rg BT 315.67 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.19 307.10 Td (be ) Tj ET Q q 0 0 0 rg BT 338.38 307.10 Td (used ) Tj ET Q q 0 0 0 rg BT 359.45 307.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 375.53 307.10 Td (do ) Tj ET Q q 0 0 0 rg BT 388.28 307.10 Td (we ) Tj ET Q q 0 0 0 rg BT 402.68 307.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.56 307.10 Td (W) Tj ET Q q 0 0 0 rg BT 422.20 307.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 455.49 307.10 Td (confirm ) Tj ET Q q 0 0 0 rg BT 489.89 307.10 Td (after ) Tj ET Q q 0 0 0 rg BT 510.95 307.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 530.91 307.10 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (how ) Tj ET Q q 0 0 0 rg BT 70.10 295.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 90.20 295.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 128.62 295.10 Td (were ) Tj ET Q q 0 0 0 rg BT 150.92 295.10 Td (used. ) Tj ET Q q 0 0 0 rg BT 174.00 295.10 Td (All ) Tj ET Q q 0 0 0 rg BT 189.66 295.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 221.43 295.10 Td (are ) Tj ET Q q 0 0 0 rg BT 236.52 295.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 265.51 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.17 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 292.38 295.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 344.11 295.10 Td (without ) Tj ET Q q 0 0 0 rg BT 377.55 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 393.76 295.10 Td (verifying ) Tj ET Q q 0 0 0 rg BT 433.29 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.39 295.10 Td (information ) Tj ET Q q 0 0 0 rg BT 498.48 295.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 536.91 295.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.79 295.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (applicant, ) Tj ET Q q 0 0 0 rg BT 91.92 283.10 Td (including ) Tj ET Q q 0 0 0 rg BT 132.47 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.46 283.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 192.57 283.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 218.67 283.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 253.38 283.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 306.14 283.10 Td (status ) Tj ET Q q 0 0 0 rg BT 331.69 283.10 Td (or ) Tj ET Q q 0 0 0 rg BT 342.79 283.10 Td (occupation. ) Tj ET Q q 0 0 0 rg BT 391.94 283.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 431.37 283.10 Td (should ) Tj ET Q q 0 0 0 rg BT 460.81 283.10 Td (not ) Tj ET Q q 0 0 0 rg BT 476.36 283.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 494.68 283.10 Td (on ) Tj ET Q q 0 0 0 rg BT 507.46 283.10 Td (an ) Tj ET Q q 0 0 0 rg BT 519.67 283.10 Td (applicant's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (self-reported ) Tj ET Q q 0 0 0 rg BT 102.99 271.10 Td (information ) Tj ET Q q 0 0 0 rg BT 152.11 271.10 Td (such ) Tj ET Q q 0 0 0 rg BT 172.35 271.10 Td (as ) Tj ET Q q 0 0 0 rg BT 182.58 271.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 216.42 271.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 268.32 271.10 Td (status, ) Tj ET Q q 0 0 0 rg BT 295.51 271.10 Td (or ) Tj ET Q q 0 0 0 rg BT 305.74 271.10 Td (occupation ) Tj ET Q q 0 0 0 rg BT 351.52 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.21 271.10 Td (making ) Tj ET Q q 0 0 0 rg BT 393.11 271.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 438.90 271.10 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 480.52 271.10 Td (In ) Tj ET Q q 0 0 0 rg BT 490.76 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.88 271.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 527.89 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.57 271.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.21 259.10 Td (select ) Tj ET Q q 0 0 0 rg BT 89.51 259.10 Td (applicants ) Tj ET Q q 0 0 0 rg BT 132.60 259.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.81 259.10 Td (income ) Tj ET Q q 0 0 0 rg BT 178.79 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.77 259.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 248.31 259.10 Td (verification, ) Tj ET Q q 0 0 0 rg BT 299.44 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.20 259.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 362.84 259.10 Td (is ) Tj ET Q q 0 0 0 rg BT 372.05 259.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 410.70 259.10 Td (done ) Tj ET Q q 0 0 0 rg BT 432.69 259.10 Td (after ) Tj ET Q q 0 0 0 rg BT 453.55 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.31 259.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 495.86 259.10 Td (has ) Tj ET Q q 0 0 0 rg BT 511.73 259.10 Td (been ) Tj ET Q q 0 0 0 rg BT 533.16 259.10 Td (created ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (but ) Tj ET Q q 0 0 0 rg BT 65.03 247.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 86.73 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.76 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.23 247.10 Td (time ) Tj ET Q q 0 0 0 rg BT 131.26 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.73 247.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 186.31 247.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 209.11 247.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.03 247.10 Td (funded. ) Tj ET Q q 0 0 0 rg BT 250.56 247.10 Td (For ) Tj ET Q q 0 0 0 rg BT 266.70 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.17 247.10 Td (period ) Tj ET Q q 0 0 0 rg BT 308.98 247.10 Td (from ) Tj ET Q q 0 0 0 rg BT 330.67 247.10 Td (July ) Tj ET Q q 0 0 0 rg BT 349.59 247.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 364.35 247.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 386.60 247.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.64 247.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 439.99 247.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.99 247.10 Td (, ) Tj ET Q q 0 0 0 rg BT 464.75 247.10 Td (we ) Tj ET Q q 0 0 0 rg BT 478.66 247.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 512.01 247.10 Td (employment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 78.01 235.10 Td (income ) Tj ET Q q 0 0 0 rg BT 109.91 235.10 Td (on ) Tj ET Q q 0 0 0 rg BT 122.38 235.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.60 235.10 Td (62%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.93 235.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.40 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.19 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.88 235.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 269.66 235.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 296.57 235.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 339.58 235.10 Td (through ) Tj ET Q q 0 0 0 rg BT 373.15 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 388.95 235.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 440.27 235.10 Td (on ) Tj ET Q q 0 0 0 rg BT 452.73 235.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.64 235.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 477.66 235.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 500.13 235.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.46 235.10 Td (422,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.96 235.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.42 235.10 Td (out ) Tj ET Q q 0 0 0 rg BT 553.67 235.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (680,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 223.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 88.48 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.56 223.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.97 223.10 Td (74%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.30 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.95 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.93 223.10 Td (originations ) Tj ET Q q 0 0 0 rg BT 248.35 223.10 Td (on ) Tj ET Q q 0 0 0 rg BT 261.00 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.08 223.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 294.06 223.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 316.70 223.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.03 223.10 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 340.18 223.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.30 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.94 223.10 Td (out ) Tj ET Q q 0 0 0 rg BT 384.37 223.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.35 223.10 Td ($8.7 ) Tj ET Q q 0 0 0 rg BT 415.50 223.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.61 223.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 450.09 223.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 463.29 223.10 Td (these ) Tj ET Q q 0 0 0 rg BT 486.48 223.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 512.74 223.10 Td (we ) Tj ET Q q 0 0 0 rg BT 527.05 223.10 Td (canceled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (1) Tj ET Q q 0 0 0 rg BT 54.63 211.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.96 211.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.53 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.42 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.21 211.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 115.99 211.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 147.46 211.10 Td (for ) Tj ET Q q 0 0 0 rg BT 161.68 211.10 Td (which ) Tj ET Q q 0 0 0 rg BT 188.69 211.10 Td (we ) Tj ET Q q 0 0 0 rg BT 202.92 211.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 236.58 211.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 289.14 211.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 317.25 211.10 Td (income ) Tj ET Q q 0 0 0 rg BT 349.25 211.10 Td (information ) Tj ET Q q 0 0 0 rg BT 399.03 211.10 Td (because ) Tj ET Q q 0 0 0 rg BT 433.24 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.03 211.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 479.49 211.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 520.93 211.10 Td (inaccurate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.29 199.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 80.11 199.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 107.61 199.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 159.55 199.10 Td (or ) Tj ET Q q 0 0 0 rg BT 169.84 199.10 Td (income ) Tj ET Q q 0 0 0 rg BT 201.23 199.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 252.76 199.10 Td (W) Tj ET Q q 0 0 0 rg BT 261.40 199.10 Td (e ) Tj ET Q q 0 0 0 rg BT 267.79 199.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 301.95 199.10 Td (these ) Tj ET Q q 0 0 0 rg BT 324.45 199.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 355.31 199.10 Td (based ) Tj ET Q q 0 0 0 rg BT 380.03 199.10 Td (on ) Tj ET Q q 0 0 0 rg BT 391.99 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.39 199.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 450.33 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.62 199.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 492.28 199.10 Td (including ) Tj ET Q q 0 0 0 rg BT 532.01 199.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.61 187.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 80.11 187.10 Td (requested, ) Tj ET Q q 0 0 0 rg BT 123.20 187.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 156.03 187.10 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 187.48 187.10 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 250.84 187.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 271.45 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.17 187.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 313.77 187.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 347.98 187.10 Td (Listings ) Tj ET Q q 0 0 0 rg BT 382.49 187.10 Td (do ) Tj ET Q q 0 0 0 rg BT 394.77 187.10 Td (not ) Tj ET Q q 0 0 0 rg BT 409.83 187.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 444.32 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.82 187.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 491.65 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.26 187.10 Td (applicants, ) Tj ET Q q 0 0 0 rg BT 547.58 187.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 89.40 175.10 Td (have ) Tj ET Q q 0 0 0 rg BT 111.57 175.10 Td (no ) Tj ET Q q 0 0 0 rg BT 124.86 175.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 153.70 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.77 175.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 193.05 175.10 Td (or ) Tj ET Q q 0 0 0 rg BT 204.67 175.10 Td (verify ) Tj ET Q q 0 0 0 rg BT 231.84 175.10 Td (applicant ) Tj ET Q q 0 0 0 rg BT 271.78 175.10 Td (information ) Tj ET Q q 0 0 0 rg BT 322.28 175.10 Td (either ) Tj ET Q q 0 0 0 rg BT 348.33 175.10 Td (before ) Tj ET Q q 0 0 0 rg BT 377.16 175.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.78 175.10 Td (after ) Tj ET Q q 0 0 0 rg BT 410.39 175.10 Td (they ) Tj ET Q q 0 0 0 rg BT 430.89 175.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 469.72 175.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.45 175.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 502.68 175.10 Td (If ) Tj ET Q q 0 0 0 rg BT 512.63 175.10 Td (an ) Tj ET Q q 0 0 0 rg BT 525.36 175.10 Td (applicant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (supplies ) Tj ET Q q 0 0 0 rg BT 85.14 163.10 Td (false, ) Tj ET Q q 0 0 0 rg BT 108.89 163.10 Td (misleading ) Tj ET Q q 0 0 0 rg BT 155.13 163.10 Td (or ) Tj ET Q q 0 0 0 rg BT 165.83 163.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 209.27 163.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 261.35 163.10 Td (an ) Tj ET Q q 0 0 0 rg BT 273.16 163.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 307.74 163.10 Td (may ) Tj ET Q q 0 0 0 rg BT 327.32 163.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 345.80 163.10 Td (part ) Tj ET Q q 0 0 0 rg BT 363.71 163.10 Td (or ) Tj ET Q q 0 0 0 rg BT 374.40 163.10 Td (all ) Tj ET Q q 0 0 0 rg BT 386.77 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.46 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.04 163.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 449.95 163.10 Td (price ) Tj ET Q q 0 0 0 rg BT 472.30 163.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 491.88 163.10 Td (for ) Tj ET Q q 0 0 0 rg BT 505.91 163.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.71 163.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 537.01 163.10 Td (Under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 74.98 151.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 137.58 151.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 184.64 151.10 Td (with ) Tj ET Q q 0 0 0 rg BT 205.06 151.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 227.98 151.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 248.40 151.10 Td (is ) Tj ET Q q 0 0 0 rg BT 257.70 151.10 Td (required ) Tj ET Q q 0 0 0 rg BT 293.65 151.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.07 151.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 338.91 151.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 378.20 151.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 411.38 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.46 151.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 466.07 151.10 Td (information ) Tj ET Q q 0 0 0 rg BT 515.92 151.10 Td (verification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (services ) Tj ET Q q 0 0 0 rg BT 84.89 139.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.23 139.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 121.64 139.10 Td (See ) Tj ET Q q 0 0 0 rg BT 138.76 139.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 170.52 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.41 139.10 Td (Marketplace-Borrower ) Tj ET Q q 0 0 0 rg BT 279.71 139.10 Td (Identity ) Tj ET Q q 0 0 0 rg BT 313.50 139.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.62 139.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 370.51 139.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 420.76 139.10 Td (V) Tj ET Q q 0 0 0 rg BT 426.87 139.10 Td (erification" ) Tj ET Q q 0 0 0 rg BT 474.72 139.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.06 139.10 Td (more ) Tj ET Q q 0 0 0 rg BT 512.29 139.10 Td (information. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.04 127.10 Td (number ) Tj ET Q q 0 0 0 rg BT 101.09 127.10 Td (or ) Tj ET Q q 0 0 0 rg BT 111.91 127.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 157.71 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.54 127.10 Td (applicants ) Tj ET Q q 0 0 0 rg BT 211.58 127.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 239.62 127.10 Td (income ) Tj ET Q q 0 0 0 rg BT 271.55 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.49 127.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 340.98 127.10 Td (information ) Tj ET Q q 0 0 0 rg BT 390.69 127.10 Td (is ) Tj ET Q q 0 0 0 rg BT 399.85 127.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 433.44 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.72 127.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 476.76 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.03 127.10 Td (future ) Tj ET Q q 0 0 0 rg BT 513.40 127.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 544.80 127.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 115.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 74.33 115.10 Td (from ) Tj ET Q q 0 0 0 rg BT 96.07 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.59 115.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 150.10 115.10 Td (information ) Tj ET Q q 0 0 0 rg BT 199.61 115.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 235.80 115.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 264.48 115.10 Td (No ) Tj ET Q q 0 0 0 rg BT 279.00 115.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 320.17 115.10 Td (is ) Tj ET Q q 0 0 0 rg BT 329.14 115.10 Td (made ) Tj ET Q q 0 0 0 rg BT 353.10 115.10 Td (that ) Tj ET Q q 0 0 0 rg BT 370.39 115.10 Td (such ) Tj ET Q q 0 0 0 rg BT 391.02 115.10 Td (information ) Tj ET Q q 0 0 0 rg BT 440.54 115.10 Td (will ) Tj ET Q q 0 0 0 rg BT 458.40 115.10 Td (be ) Tj ET Q q 0 0 0 rg BT 470.14 115.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 503.53 115.10 Td (with ) Tj ET Q q 0 0 0 rg BT 523.61 115.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 554.23 115.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (any ) Tj ET Q q 0 0 0 rg BT 67.49 103.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 108.86 103.10 Td (applicant ) Tj ET Q q 0 0 0 rg BT 148.56 103.10 Td (or ) Tj ET Q q 0 0 0 rg BT 159.95 103.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 196.04 103.10 Td (. ) Tj ET Q q 0 0 0 rg BT 201.60 103.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 234.64 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.91 103.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 290.73 103.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 320.44 103.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 336.82 103.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 369.31 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.70 103.10 Td (any ) Tj ET Q q 0 0 0 rg BT 398.19 103.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 424.58 103.10 Td (will ) Tj ET Q q 0 0 0 rg BT 443.19 103.10 Td (have ) Tj ET Q q 0 0 0 rg BT 465.12 103.10 Td (any ) Tj ET Q q 0 0 0 rg BT 482.61 103.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 530.08 103.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.47 103.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 99.93 91.10 Td (with ) Tj ET Q q 0 0 0 rg BT 120.42 91.10 Td (any ) Tj ET Q q 0 0 0 rg BT 137.58 91.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 176.94 91.10 Td (that ) Tj ET Q q 0 0 0 rg BT 194.66 91.10 Td (would ) Tj ET Q q 0 0 0 rg BT 222.37 91.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 251.18 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.12 91.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 306.60 91.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 335.97 91.10 Td (or ) Tj ET Q q 0 0 0 rg BT 347.01 91.10 Td (such ) Tj ET Q q 0 0 0 rg BT 368.06 91.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 396.32 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.82 91.10 Td (make ) Tj ET Q q 0 0 0 rg BT 431.19 91.10 Td (any ) Tj ET Q q 0 0 0 rg BT 448.34 91.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 473.27 91.10 Td (against ) Tj ET Q q 0 0 0 rg BT 504.31 91.10 Td (such ) Tj ET Q q 0 0 0 rg BT 525.36 91.10 Td (borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.36 79.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 88.16 79.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.20 79.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 128.54 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.58 79.10 Td (any ) Tj ET Q q 0 0 0 rg BT 156.72 79.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 216.06 79.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.09 79.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 265.33 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.82 79.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 309.06 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.54 79.10 Td (any ) Tj ET Q q 0 0 0 rg BT 336.68 79.10 Td (false, ) Tj ET Q q 0 0 0 rg BT 360.76 79.10 Td (incomplete ) Tj ET Q q 0 0 0 rg BT 407.89 79.10 Td (or ) Tj ET Q q 0 0 0 rg BT 418.93 79.10 Td (misleading ) Tj ET Q q 0 0 0 rg BT 465.51 79.10 Td (information ) Tj ET Q q 0 0 0 rg BT 515.42 79.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 552.01 79.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 67.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 109.98 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.26 67.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 153.30 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.58 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.30 67.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 213.00 67.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 253.82 67.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 276.87 67.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.70 67.10 Td (Note.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.38 742.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 110.10 742.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 137.93 742.25 Td (are ) Tj ET Q q 0 0 0 rg BT 153.53 742.25 Td (not ) Tj ET Q q 0 0 0 rg BT 169.13 742.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 203.06 742.25 Td (by ) Tj ET Q q 0 0 0 rg BT 214.77 742.25 Td (any ) Tj ET Q q 0 0 0 rg BT 232.04 742.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 273.19 742.25 Td (or ) Tj ET Q q 0 0 0 rg BT 284.35 742.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 333.28 742.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.44 742.25 Td (insured ) Tj ET Q q 0 0 0 rg BT 377.83 742.25 Td (by ) Tj ET Q q 0 0 0 rg BT 389.54 742.25 Td (any ) Tj ET Q q 0 0 0 rg BT 406.81 742.25 Td (third ) Tj ET Q q 0 0 0 rg BT 429.09 742.25 Td (party) Tj ET Q q 0 0 0 rg BT 449.82 742.25 Td (, ) Tj ET Q q 0 0 0 rg BT 454.59 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.42 742.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 511.36 742.25 Td (must ) Tj ET Q q 0 0 0 rg BT 533.64 742.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 551.45 742.25 Td (on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (us ) Tj ET Q q 0 0 0 rg BT 61.95 730.25 Td (or ) Tj ET Q q 0 0 0 rg BT 73.34 730.25 Td (a ) Tj ET Q q 0 0 0 rg BT 80.84 730.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 127.79 730.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 170.28 730.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 201.66 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.94 730.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 242.78 730.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 285.27 730.25 Td (against ) Tj ET Q q 0 0 0 rg BT 317.78 730.25 Td (any ) Tj ET Q q 0 0 0 rg BT 335.28 730.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 372.51 730.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 125.66 700.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 151.43 700.25 Td (are ) Tj ET Q q 0 0 0 rg BT 164.98 700.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 206.85 700.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 252.64 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.30 700.25 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 306.59 700.25 Td (They ) Tj ET Q q 0 0 0 rg BT 328.47 700.25 Td (are ) Tj ET Q q 0 0 0 rg BT 342.02 700.25 Td (not ) Tj ET Q q 0 0 0 rg BT 356.13 700.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 388.01 700.25 Td (by ) Tj ET Q q 0 0 0 rg BT 399.35 700.25 Td (any ) Tj ET Q q 0 0 0 rg BT 415.12 700.25 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 456.16 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.93 700.25 Td (they ) Tj ET Q q 0 0 0 rg BT 490.49 700.25 Td (are ) Tj ET Q q 0 0 0 rg BT 504.03 700.25 Td (not ) Tj ET Q q 0 0 0 rg BT 518.15 700.25 Td (guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.55 688.25 Td (insured ) Tj ET Q q 0 0 0 rg BT 92.20 688.25 Td (by ) Tj ET Q q 0 0 0 rg BT 104.42 688.25 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 126.36 688.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 146.36 688.25 Td (or ) Tj ET Q q 0 0 0 rg BT 156.91 688.25 Td (any ) Tj ET Q q 0 0 0 rg BT 173.56 688.25 Td (third ) Tj ET Q q 0 0 0 rg BT 194.67 688.25 Td (party ) Tj ET Q q 0 0 0 rg BT 217.43 688.25 Td (or ) Tj ET Q q 0 0 0 rg BT 227.97 688.25 Td (backed ) Tj ET Q q 0 0 0 rg BT 258.50 688.25 Td (by ) Tj ET Q q 0 0 0 rg BT 270.72 688.25 Td (any ) Tj ET Q q 0 0 0 rg BT 287.38 688.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 344.57 688.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 382.89 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.88 688.25 Td (any ) Tj ET Q q 0 0 0 rg BT 409.54 688.25 Td (way) Tj ET Q q 0 0 0 rg BT 425.55 688.25 Td (. ) Tj ET Q q 0 0 0 rg BT 430.11 688.25 Td (W) Tj ET Q q 0 0 0 rg BT 438.74 688.25 Td (e ) Tj ET Q q 0 0 0 rg BT 445.40 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.05 688.25 Td (our ) Tj ET Q q 0 0 0 rg BT 477.60 688.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 522.58 688.25 Td (collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 87.62 676.25 Td (will, ) Tj ET Q q 0 0 0 rg BT 108.88 676.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 150.66 676.25 Td (be ) Tj ET Q q 0 0 0 rg BT 163.29 676.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 194.82 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.79 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 222.32 676.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 251.07 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 262.05 676.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 291.89 676.25 Td (on ) Tj ET Q q 0 0 0 rg BT 305.09 676.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 346.61 676.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 376.75 676.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 415.77 676.25 Td (, ) Tj ET Q q 0 0 0 rg BT 421.47 676.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 462.99 676.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 490.62 676.25 Td (are ) Tj ET Q q 0 0 0 rg BT 506.03 676.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 553.67 676.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 93.22 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.68 664.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 120.54 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 123.22 664.25 Td (as ) Tj ET Q q 0 0 0 rg BT 134.22 664.25 Td (successor ) Tj ET Q q 0 0 0 rg BT 175.22 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.49 664.25 Td (W) Tj ET Q q 0 0 0 rg BT 194.12 664.25 Td (ebBank, ) Tj ET Q q 0 0 0 rg BT 229.85 664.25 Td (not ) Tj ET Q q 0 0 0 rg BT 245.30 664.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 292.43 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.88 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.78 664.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 349.89 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.90 664.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 389.41 664.25 Td (Holders ) Tj ET Q q 0 0 0 rg BT 423.75 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 434.76 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.65 664.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 475.66 664.25 Td (will ) Tj ET Q q 0 0 0 rg BT 493.90 664.25 Td (have ) Tj ET Q q 0 0 0 rg BT 515.45 664.25 Td (no ) Tj ET Q q 0 0 0 rg BT 528.13 664.25 Td (recourse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.54 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.51 652.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 118.81 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.01 652.25 Td (no ) Tj ET Q q 0 0 0 rg BT 148.77 652.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 177.08 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.62 652.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 217.04 652.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 260.34 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.87 652.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 300.28 652.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 341.37 652.25 Td (under ) Tj ET Q q 0 0 0 rg BT 366.89 652.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 407.97 652.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 437.67 652.25 Td (Holders ) Tj ET Q q 0 0 0 rg BT 472.09 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.18 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.15 652.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 524.24 652.25 Td (may ) Tj ET Q q 0 0 0 rg BT 544.22 652.25 Td (look ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (only ) Tj ET Q q 0 0 0 rg BT 70.18 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 80.35 640.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 97.21 640.25 Td ( ) Tj ET Q q 0 0 0 rg BT 99.61 640.25 Td (for ) Tj ET Q q 0 0 0 rg BT 113.67 640.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 150.51 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.23 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.85 640.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 204.08 640.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 258.96 640.25 Td (if ) Tj ET Q q 0 0 0 rg BT 267.47 640.25 Td (a ) Tj ET Q q 0 0 0 rg BT 274.31 640.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 313.36 640.25 Td (fails ) Tj ET Q q 0 0 0 rg BT 332.97 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.15 640.25 Td (make ) Tj ET Q q 0 0 0 rg BT 367.20 640.25 Td (any ) Tj ET Q q 0 0 0 rg BT 384.04 640.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 424.77 640.25 Td (on ) Tj ET Q q 0 0 0 rg BT 437.17 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.78 640.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 492.50 640.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 517.95 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.56 640.25 Td (holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.94 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.77 628.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 101.71 628.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 161.53 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.92 628.25 Td (that ) Tj ET Q q 0 0 0 rg BT 189.53 628.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 230.46 628.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 253.62 628.25 Td (will ) Tj ET Q q 0 0 0 rg BT 271.78 628.25 Td (not ) Tj ET Q q 0 0 0 rg BT 287.17 628.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 318.65 628.25 Td (any ) Tj ET Q q 0 0 0 rg BT 335.70 628.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 376.63 628.25 Td (on ) Tj ET Q q 0 0 0 rg BT 389.24 628.25 Td (their ) Tj ET Q q 0 0 0 rg BT 410.18 628.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 438.43 628.25 Td (The ) Tj ET Q q 0 0 0 rg BT 456.59 628.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 488.64 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.58 628.25 Td (such ) Tj ET Q q 0 0 0 rg BT 520.52 628.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 546.47 628.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.07 616.25 Td (be ) Tj ET Q q 0 0 0 rg BT 76.79 616.25 Td (able ) Tj ET Q q 0 0 0 rg BT 95.74 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.81 616.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 134.76 616.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 176.47 616.25 Td (against ) Tj ET Q q 0 0 0 rg BT 207.09 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.59 616.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 260.53 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.26 616.25 Td (will ) Tj ET Q q 0 0 0 rg BT 295.11 616.25 Td (not ) Tj ET Q q 0 0 0 rg BT 310.17 616.25 Td (be ) Tj ET Q q 0 0 0 rg BT 321.90 616.25 Td (able ) Tj ET Q q 0 0 0 rg BT 340.85 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.91 616.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 378.20 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.70 616.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 425.54 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.16 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.67 616.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 489.61 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 499.68 616.25 Td (order ) Tj ET Q q 0 0 0 rg BT 523.06 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.13 616.25 Td (contact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 604.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 103.87 604.25 Td (about ) Tj ET Q q 0 0 0 rg BT 128.58 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.30 604.25 Td (defaulted ) Tj ET Q q 0 0 0 rg BT 183.00 604.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 223.82 604.25 Td (Loan.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.61 574.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 112.78 574.25 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 176.93 574.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 198.88 574.25 Td (for ) Tj ET Q q 0 0 0 rg BT 213.60 574.25 Td (applicants ) Tj ET Q q 0 0 0 rg BT 258.33 574.25 Td (is ) Tj ET Q q 0 0 0 rg BT 267.50 574.25 Td (50%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 544.25 Td (Debt-to-income ) Tj ET Q q 0 0 0 rg BT 151.41 544.25 Td (\("DTI"\) ) Tj ET Q q 0 0 0 rg BT 185.00 544.25 Td (is ) Tj ET Q q 0 0 0 rg BT 193.78 544.25 Td (a ) Tj ET Q q 0 0 0 rg BT 200.32 544.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 255.73 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.17 544.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.71 544.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 317.15 544.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 344.81 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.69 544.25 Td (take ) Tj ET Q q 0 0 0 rg BT 373.45 544.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.55 544.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 427.65 544.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 449.32 544.25 Td (While ) Tj ET Q q 0 0 0 rg BT 475.85 544.25 Td (there ) Tj ET Q q 0 0 0 rg BT 497.94 544.25 Td (is ) Tj ET Q q 0 0 0 rg BT 506.71 544.25 Td (an ) Tj ET Q q 0 0 0 rg BT 518.26 544.25 Td (upper ) Tj ET Q q 0 0 0 rg BT 543.13 544.25 Td (limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.70 532.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 81.39 532.25 Td (on ) Tj ET Q q 0 0 0 rg BT 93.76 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.34 532.25 Td (DTI ) Tj ET Q q 0 0 0 rg BT 127.37 532.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 148.06 532.25 Td (for ) Tj ET Q q 0 0 0 rg BT 162.08 532.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 194.44 532.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 237.35 532.25 Td (in ) Tj ET Q q 0 0 0 rg BT 247.49 532.25 Td (our ) Tj ET Q q 0 0 0 rg BT 263.19 532.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 316.91 532.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 359.82 532.25 Td (with ) Tj ET Q q 0 0 0 rg BT 379.96 532.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 407.87 532.25 Td (DTI ) Tj ET Q q 0 0 0 rg BT 426.90 532.25 Td (ratios ) Tj ET Q q 0 0 0 rg BT 451.48 532.25 Td (may ) Tj ET Q q 0 0 0 rg BT 471.06 532.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 510.08 532.25 Td (a ) Tj ET Q q 0 0 0 rg BT 516.88 532.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 547.00 532.25 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.27 520.25 Td (default ) Tj ET Q q 0 0 0 rg BT 89.98 520.25 Td (than ) Tj ET Q q 0 0 0 rg BT 109.13 520.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 151.62 520.25 Td (with ) Tj ET Q q 0 0 0 rg BT 171.34 520.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 196.04 520.25 Td (DTI ) Tj ET Q q 0 0 0 rg BT 214.65 520.25 Td (ratios. ) Tj ET Q q 0 0 0 rg BT 241.30 520.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 262.68 520.25 Td (that ) Tj ET Q q 0 0 0 rg BT 279.62 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.78 520.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 329.03 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.30 520.25 Td (DTI ) Tj ET Q q 0 0 0 rg BT 357.91 520.25 Td (for ) Tj ET Q q 0 0 0 rg BT 371.51 520.25 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 412.33 520.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 451.49 520.25 Td (does ) Tj ET Q q 0 0 0 rg BT 471.76 520.25 Td (not ) Tj ET Q q 0 0 0 rg BT 486.48 520.25 Td (include ) Tj ET Q q 0 0 0 rg BT 517.86 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.01 520.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.34 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.57 508.25 Td (requested ) Tj ET Q q 0 0 0 rg BT 114.90 508.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 155.23 508.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 180.29 508.25 Td (whereas ) Tj ET Q q 0 0 0 rg BT 215.06 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.29 508.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 264.61 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.96 508.25 Td (DTI ) Tj ET Q q 0 0 0 rg BT 293.63 508.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 333.96 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 343.75 508.25 Td (a ) Tj ET Q q 0 0 0 rg BT 350.20 508.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 377.21 508.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 412.55 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.78 508.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 458.78 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.13 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.35 508.25 Td (requested ) Tj ET Q q 0 0 0 rg BT 523.68 508.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (Loan.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 466.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 93.43 466.25 Td (information ) Tj ET Q q 0 0 0 rg BT 144.88 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.21 466.25 Td (an ) Tj ET Q q 0 0 0 rg BT 167.77 466.25 Td (applicant ) Tj ET Q q 0 0 0 rg BT 208.10 466.25 Td (may ) Tj ET Q q 0 0 0 rg BT 227.31 466.25 Td (be ) Tj ET Q q 0 0 0 rg BT 238.75 466.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 284.63 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 295.52 466.25 Td (may ) Tj ET Q q 0 0 0 rg BT 314.74 466.25 Td (not ) Tj ET Q q 0 0 0 rg BT 330.07 466.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 374.83 466.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 402.92 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.70 466.25 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 464.70 466.25 Td (creditworthiness, ) Tj ET Q q 0 0 0 rg BT 536.99 466.25 Td (which ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.72 454.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 95.55 454.25 Td (an ) Tj ET Q q 0 0 0 rg BT 108.61 454.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 143.89 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.17 454.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 172.77 454.25 Td (all ) Tj ET Q q 0 0 0 rg BT 185.83 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 197.22 454.25 Td (part ) Tj ET Q q 0 0 0 rg BT 216.39 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.22 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.50 454.25 Td (price ) Tj ET Q q 0 0 0 rg BT 265.55 454.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 285.83 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 300.55 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 308.05 454.25 Td (Note.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 424.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 424.25 Td (e ) Tj ET Q q 0 0 0 rg BT 101.70 424.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 129.33 424.25 Td (applicant ) Tj ET Q q 0 0 0 rg BT 168.61 424.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 194.00 424.25 Td (information ) Tj ET Q q 0 0 0 rg BT 243.84 424.25 Td (from ) Tj ET Q q 0 0 0 rg BT 265.91 424.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 307.41 424.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 346.70 424.25 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 386.25 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.31 424.25 Td (assign ) Tj ET Q q 0 0 0 rg BT 430.94 424.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 464.12 424.25 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 497.31 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.71 424.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 539.24 424.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.47 412.25 Td (part ) Tj ET Q q 0 0 0 rg BT 78.71 412.25 Td (on ) Tj ET Q q 0 0 0 rg BT 91.40 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.30 412.25 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 151.34 412.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 176.79 412.25 Td (score. ) Tj ET Q q 0 0 0 rg BT 202.49 412.25 Td (A) Tj ET Q q 0 0 0 rg BT 209.16 412.25 Td ( ) Tj ET Q q 0 0 0 rg BT 211.85 412.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 237.30 412.25 Td (score ) Tj ET Q q 0 0 0 rg BT 261.09 412.25 Td (that ) Tj ET Q q 0 0 0 rg BT 278.78 412.25 Td (forms ) Tj ET Q q 0 0 0 rg BT 304.80 412.25 Td (a ) Tj ET Q q 0 0 0 rg BT 311.93 412.25 Td (part ) Tj ET Q q 0 0 0 rg BT 330.16 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.18 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.09 412.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 389.33 412.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 418.69 412.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 455.82 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 466.29 412.25 Td (a ) Tj ET Q q 0 0 0 rg BT 473.42 412.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 501.11 412.25 Td (may ) Tj ET Q q 0 0 0 rg BT 521.02 412.25 Td (not ) Tj ET Q q 0 0 0 rg BT 536.49 412.25 Td (reflect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.38 400.25 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 110.90 400.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 137.94 400.25 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 207.20 400.25 Td (because ) Tj ET Q q 0 0 0 rg BT 242.01 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.40 400.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 283.33 400.25 Td (score ) Tj ET Q q 0 0 0 rg BT 307.59 400.25 Td (may ) Tj ET Q q 0 0 0 rg BT 327.98 400.25 Td (be ) Tj ET Q q 0 0 0 rg BT 340.59 400.25 Td (based ) Tj ET Q q 0 0 0 rg BT 366.52 400.25 Td (on ) Tj ET Q q 0 0 0 rg BT 379.69 400.25 Td (outdated, ) Tj ET Q q 0 0 0 rg BT 419.79 400.25 Td (incomplete ) Tj ET Q q 0 0 0 rg BT 467.39 400.25 Td (or ) Tj ET Q q 0 0 0 rg BT 478.89 400.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 523.13 400.25 Td (consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.57 388.25 Td (data. ) Tj ET Q q 0 0 0 rg BT 111.63 388.25 Td (Similarly) Tj ET Q q 0 0 0 rg BT 148.21 388.25 Td (, ) Tj ET Q q 0 0 0 rg BT 153.62 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.75 388.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 194.42 388.25 Td (data ) Tj ET Q q 0 0 0 rg BT 213.99 388.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 238.56 388.25 Td (from ) Tj ET Q q 0 0 0 rg BT 260.91 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.03 388.25 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 321.29 388.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 346.96 388.25 Td (report ) Tj ET Q q 0 0 0 rg BT 373.75 388.25 Td (and ) Tj ET Q q 0 0 0 rg BT 391.10 388.25 Td (displayed ) Tj ET Q q 0 0 0 rg BT 432.34 388.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.03 388.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 474.84 388.25 Td (may ) Tj ET Q q 0 0 0 rg BT 494.97 388.25 Td (also ) Tj ET Q q 0 0 0 rg BT 513.99 388.25 Td (be ) Tj ET Q q 0 0 0 rg BT 526.34 388.25 Td (based ) Tj ET Q q 0 0 0 rg BT 552.02 388.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (outdated, ) Tj ET Q q 0 0 0 rg BT 89.07 376.25 Td (incomplete ) Tj ET Q q 0 0 0 rg BT 135.64 376.25 Td (or ) Tj ET Q q 0 0 0 rg BT 146.11 376.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 189.32 376.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 230.34 376.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 269.13 376.25 Td (data. ) Tj ET Q q 0 0 0 rg BT 290.27 376.25 Td (W) Tj ET Q q 0 0 0 rg BT 298.91 376.25 Td (e ) Tj ET Q q 0 0 0 rg BT 305.48 376.25 Td (do ) Tj ET Q q 0 0 0 rg BT 317.62 376.25 Td (not ) Tj ET Q q 0 0 0 rg BT 332.54 376.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 358.55 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.90 376.25 Td (information ) Tj ET Q q 0 0 0 rg BT 422.25 376.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 458.83 376.25 Td (from ) Tj ET Q q 0 0 0 rg BT 480.40 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.76 376.25 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 539.24 376.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 79.32 364.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 118.35 364.25 Td (, ) Tj ET Q q 0 0 0 rg BT 123.79 364.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 162.84 364.25 Td (do ) Tj ET Q q 0 0 0 rg BT 175.78 364.25 Td (not, ) Tj ET Q q 0 0 0 rg BT 194.00 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.38 364.25 Td (will ) Tj ET Q q 0 0 0 rg BT 229.88 364.25 Td (not, ) Tj ET Q q 0 0 0 rg BT 248.10 364.25 Td (have ) Tj ET Q q 0 0 0 rg BT 269.92 364.25 Td (access ) Tj ET Q q 0 0 0 rg BT 298.40 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.12 364.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.04 364.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 392.19 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.47 364.25 Td (applicants ) Tj ET Q q 0 0 0 rg BT 446.95 364.25 Td (or ) Tj ET Q q 0 0 0 rg BT 458.22 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.94 364.25 Td (other ) Tj ET Q q 0 0 0 rg BT 492.43 364.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 527.02 364.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (information ) Tj ET Q q 0 0 0 rg BT 99.71 352.25 Td (about ) Tj ET Q q 0 0 0 rg BT 124.43 352.25 Td (applicants.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.41 322.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 102.94 322.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 133.03 322.25 Td (may ) Tj ET Q q 0 0 0 rg BT 152.55 322.25 Td (not ) Tj ET Q q 0 0 0 rg BT 168.19 322.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 213.26 322.25 Td (set ) Tj ET Q q 0 0 0 rg BT 226.67 322.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 249.54 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.62 322.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 286.38 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.01 322.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 336.54 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 347.18 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.27 322.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 390.40 322.25 Td (no ) Tj ET Q q 0 0 0 rg BT 403.27 322.25 Td (assurances ) Tj ET Q q 0 0 0 rg BT 451.14 322.25 Td (can ) Tj ET Q q 0 0 0 rg BT 468.44 322.25 Td (be ) Tj ET Q q 0 0 0 rg BT 480.18 322.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 518.03 322.25 Td (that ) Tj ET Q q 0 0 0 rg BT 536.45 322.25 Td (actual ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 68.34 310.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 91.12 310.25 Td (for ) Tj ET Q q 0 0 0 rg BT 106.13 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.68 310.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 147.80 310.25 Td (will ) Tj ET Q q 0 0 0 rg BT 165.58 310.25 Td (come ) Tj ET Q q 0 0 0 rg BT 190.02 310.25 Td (within ) Tj ET Q q 0 0 0 rg BT 218.93 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.48 310.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 276.15 310.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 294.49 310.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 317.27 310.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 357.82 310.25 Td (by ) Tj ET Q q 0 0 0 rg BT 370.04 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.60 310.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 420.61 310.25 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 453.67 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.02 310.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 511.47 310.25 Td (have ) Tj ET Q q 0 0 0 rg BT 533.69 310.25 Td (limited ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 76.40 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 86.68 298.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 112.51 298.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 147.23 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.51 298.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 206.12 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.40 298.25 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 268.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.16 268.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 137.33 268.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 166.60 268.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 203.66 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.05 268.25 Td (a ) Tj ET Q q 0 0 0 rg BT 221.10 268.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 240.93 268.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 268.55 268.25 Td (may ) Tj ET Q q 0 0 0 rg BT 288.38 268.25 Td (not ) Tj ET Q q 0 0 0 rg BT 303.77 268.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 347.47 268.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 375.61 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.44 268.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 411.95 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.89 268.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 462.17 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 472.56 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.39 268.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 515.84 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.89 268.25 Td (is ) Tj ET Q q 0 0 0 rg BT 542.17 268.25 Td (not ) Tj ET Q q 0 0 0 rg BT 557.57 268.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (recommendation ) Tj ET Q q 0 0 0 rg BT 119.70 256.25 Td (by ) Tj ET Q q 0 0 0 rg BT 132.20 256.25 Td (us ) Tj ET Q q 0 0 0 rg BT 143.59 256.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.87 256.25 Td (buy) Tj ET Q q 0 0 0 rg BT 168.22 256.25 Td (, ) Tj ET Q q 0 0 0 rg BT 173.23 256.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 189.61 256.25 Td (or ) Tj ET Q q 0 0 0 rg BT 200.44 256.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 220.72 256.25 Td (a ) Tj ET Q q 0 0 0 rg BT 227.66 256.25 Td (Note.For ) Tj ET Q q 0 0 0 rg BT 271.00 256.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 309.87 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.59 256.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 357.64 256.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 386.81 256.25 Td (for ) Tj ET Q q 0 0 0 rg BT 400.97 256.25 Td (a ) Tj ET Q q 0 0 0 rg BT 407.91 256.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 435.42 256.25 Td (could ) Tj ET Q q 0 0 0 rg BT 460.13 256.25 Td (be ) Tj ET Q q 0 0 0 rg BT 472.07 256.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 515.65 256.25 Td (because ) Tj ET Q q 0 0 0 rg BT 549.80 256.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (applicant) Tj ET Q q 0 0 0 rg BT 89.43 244.25 Td (s ) Tj ET Q q 0 0 0 rg BT 95.69 244.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 120.83 244.25 Td (report ) Tj ET Q q 0 0 0 rg BT 147.08 244.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 188.32 244.25 Td (incorrect ) Tj ET Q q 0 0 0 rg BT 226.23 244.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 278.31 244.25 Td (Similarly) Tj ET Q q 0 0 0 rg BT 314.88 244.25 Td (, ) Tj ET Q q 0 0 0 rg BT 319.75 244.25 Td (although ) Tj ET Q q 0 0 0 rg BT 357.12 244.25 Td (most ) Tj ET Q q 0 0 0 rg BT 378.94 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.64 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.23 244.25 Td (information ) Tj ET Q q 0 0 0 rg BT 453.82 244.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 491.74 244.25 Td (by ) Tj ET Q q 0 0 0 rg BT 504.11 244.25 Td (applicants ) Tj ET Q q 0 0 0 rg BT 547.02 244.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.60 232.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 94.74 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.45 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.60 232.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 154.08 232.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 183.68 232.25 Td (is ) Tj ET Q q 0 0 0 rg BT 193.28 232.25 Td (verified ) Tj ET Q q 0 0 0 rg BT 227.30 232.25 Td (by ) Tj ET Q q 0 0 0 rg BT 240.24 232.25 Td (us ) Tj ET Q q 0 0 0 rg BT 252.06 232.25 Td (before ) Tj ET Q q 0 0 0 rg BT 280.53 232.25 Td (calculating ) Tj ET Q q 0 0 0 rg BT 327.33 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.48 232.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 375.96 232.25 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 408.06 232.25 Td (we ) Tj ET Q q 0 0 0 rg BT 422.65 232.25 Td (do ) Tj ET Q q 0 0 0 rg BT 435.58 232.25 Td (not ) Tj ET Q q 0 0 0 rg BT 451.29 232.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 478.10 232.25 Td (all ) Tj ET Q q 0 0 0 rg BT 491.03 232.25 Td (such ) Tj ET Q q 0 0 0 rg BT 512.29 232.25 Td (information. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (For ) Tj ET Q q 0 0 0 rg BT 65.91 220.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 104.30 220.25 Td (we ) Tj ET Q q 0 0 0 rg BT 117.98 220.25 Td (do ) Tj ET Q q 0 0 0 rg BT 130.00 220.25 Td (not ) Tj ET Q q 0 0 0 rg BT 144.80 220.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 170.69 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.93 220.25 Td (income ) Tj ET Q q 0 0 0 rg BT 216.38 220.25 Td (information ) Tj ET Q q 0 0 0 rg BT 265.61 220.25 Td (on ) Tj ET Q q 0 0 0 rg BT 277.63 220.25 Td (all ) Tj ET Q q 0 0 0 rg BT 289.65 220.25 Td (applications. ) Tj ET Q q 0 0 0 rg BT 342.49 220.25 Td (Further) Tj ET Q q 0 0 0 rg BT 371.52 220.25 Td (, ) Tj ET Q q 0 0 0 rg BT 376.04 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.28 220.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 422.85 220.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 451.53 220.25 Td (does ) Tj ET Q q 0 0 0 rg BT 471.88 220.25 Td (not ) Tj ET Q q 0 0 0 rg BT 486.68 220.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 514.23 220.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 530.54 220.25 Td () Tj ET Q q 0 0 0 rg BT 533.32 220.25 Td (s ) Tj ET Q q 0 0 0 rg BT 539.23 220.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 67.16 208.25 Td (as ) Tj ET Q q 0 0 0 rg BT 77.66 208.25 Td (a ) Tj ET Q q 0 0 0 rg BT 84.26 208.25 Td (debtor ) Tj ET Q q 0 0 0 rg BT 111.97 208.25 Td (\(such ) Tj ET Q q 0 0 0 rg BT 135.80 208.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 160.73 208.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 177.89 208.25 Td (exists ) Tj ET Q q 0 0 0 rg BT 202.83 208.25 Td (even ) Tj ET Q q 0 0 0 rg BT 223.88 208.25 Td (though, ) Tj ET Q q 0 0 0 rg BT 256.32 208.25 Td (as ) Tj ET Q q 0 0 0 rg BT 266.81 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.19 208.25 Td (debtor ) Tj ET Q q 0 0 0 rg BT 308.91 208.25 Td (on ) Tj ET Q q 0 0 0 rg BT 321.07 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.45 208.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 363.45 208.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 379.76 208.25 Td () Tj ET Q q 0 0 0 rg BT 382.54 208.25 Td (s ) Tj ET Q q 0 0 0 rg BT 388.59 208.25 Td (only ) Tj ET Q q 0 0 0 rg BT 408.54 208.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 451.25 208.25 Td (is ) Tj ET Q q 0 0 0 rg BT 460.09 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.03 208.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 486.63 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.58 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.96 208.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 532.56 208.25 Td (holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (their ) Tj ET Q q 0 0 0 rg BT 70.63 196.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 86.27 196.25 Td (rata ) Tj ET Q q 0 0 0 rg BT 103.57 196.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 130.87 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.51 196.25 Td (collections ) Tj ET Q q 0 0 0 rg BT 187.14 196.25 Td (received ) Tj ET Q q 0 0 0 rg BT 223.31 196.25 Td (on ) Tj ET Q q 0 0 0 rg BT 235.62 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.15 196.25 Td (related ) Tj ET Q q 0 0 0 rg BT 279.66 196.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 320.29 196.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 347.04 196.25 Td (net ) Tj ET Q q 0 0 0 rg BT 361.56 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.20 196.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 415.60 196.25 Td (fees\).In ) Tj ET Q q 0 0 0 rg BT 453.17 196.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 490.75 196.25 Td (no ) Tj ET Q q 0 0 0 rg BT 503.06 196.25 Td (assurances ) Tj ET Q q 0 0 0 rg BT 548.13 196.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.55 184.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 99.21 184.25 Td (that ) Tj ET Q q 0 0 0 rg BT 116.32 184.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 142.30 184.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 159.97 184.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 180.96 184.25 Td (for ) Tj ET Q q 0 0 0 rg BT 194.73 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.06 184.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 234.50 184.25 Td (will ) Tj ET Q q 0 0 0 rg BT 252.17 184.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 267.61 184.25 Td (within ) Tj ET Q q 0 0 0 rg BT 295.28 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.61 184.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 347.25 184.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 364.92 184.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 385.91 184.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 424.68 184.25 Td (by ) Tj ET Q q 0 0 0 rg BT 436.79 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.12 184.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 483.78 184.25 Td (Rating. ) Tj ET Q q 0 0 0 rg BT 514.90 184.25 Td (The ) Tj ET Q q 0 0 0 rg BT 532.56 184.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 71.38 172.25 Td (on ) Tj ET Q q 0 0 0 rg BT 83.88 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.59 172.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 124.42 172.25 Td (might ) Tj ET Q q 0 0 0 rg BT 150.26 172.25 Td (not ) Tj ET Q q 0 0 0 rg BT 165.54 172.25 Td (adequately ) Tj ET Q q 0 0 0 rg BT 211.35 172.25 Td (compensate ) Tj ET Q q 0 0 0 rg BT 261.05 172.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 282.99 172.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 321.60 172.25 Td (for ) Tj ET Q q 0 0 0 rg BT 335.76 172.25 Td (these ) Tj ET Q q 0 0 0 rg BT 358.80 172.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 401.29 172.25 Td (risks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 142.25 Td (If ) Tj ET Q q 0 0 0 rg BT 94.41 142.25 Td (we ) Tj ET Q q 0 0 0 rg BT 107.82 142.25 Td (include ) Tj ET Q q 0 0 0 rg BT 139.01 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 148.54 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 154.73 142.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 181.49 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 187.68 142.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 219.98 142.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 248.40 142.25 Td (that ) Tj ET Q q 0 0 0 rg BT 265.15 142.25 Td (is ) Tj ET Q q 0 0 0 rg BT 273.57 142.25 Td (dif) Tj ET Q q 0 0 0 rg BT 284.50 142.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 309.56 142.25 Td (from ) Tj ET Q q 0 0 0 rg BT 330.75 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.72 142.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 377.03 142.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 405.44 142.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 447.72 142.25 Td (by ) Tj ET Q q 0 0 0 rg BT 459.47 142.25 Td (us ) Tj ET Q q 0 0 0 rg BT 470.12 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 480.20 142.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 517.48 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.45 142.25 Td (Prosper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 79.62 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.24 130.25 Td (a ) Tj ET Q q 0 0 0 rg BT 101.63 130.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 129.59 130.25 Td (incorrectly) Tj ET Q q 0 0 0 rg BT 172.25 130.25 Td (, ) Tj ET Q q 0 0 0 rg BT 177.71 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.10 130.25 Td (such ) Tj ET Q q 0 0 0 rg BT 216.39 130.25 Td (error ) Tj ET Q q 0 0 0 rg BT 238.77 130.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 282.26 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.66 130.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 340.93 130.25 Td (af) Tj ET Q q 0 0 0 rg BT 348.52 130.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 370.35 130.25 Td (a ) Tj ET Q q 0 0 0 rg BT 377.74 130.25 Td (holder) Tj ET Q q 0 0 0 rg BT 403.66 130.25 Td () Tj ET Q q 0 0 0 rg BT 406.44 130.25 Td (s ) Tj ET Q q 0 0 0 rg BT 413.29 130.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 445.68 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 456.41 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.58 130.25 Td (related ) Tj ET Q q 0 0 0 rg BT 501.74 130.25 Td (Note, ) Tj ET Q q 0 0 0 rg BT 526.63 130.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 543.49 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 546.45 130.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 94.55 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.22 118.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 139.21 118.25 Td (or ) Tj ET Q q 0 0 0 rg BT 150.99 118.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 197.75 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.41 118.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 238.80 118.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 255.66 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.11 118.25 Td (will ) Tj ET Q q 0 0 0 rg BT 278.11 118.25 Td (not, ) Tj ET Q q 0 0 0 rg BT 296.84 118.25 Td (however) Tj ET Q q 0 0 0 rg BT 330.87 118.25 Td (, ) Tj ET Q q 0 0 0 rg BT 336.82 118.25 Td (have ) Tj ET Q q 0 0 0 rg BT 359.14 118.25 Td (any ) Tj ET Q q 0 0 0 rg BT 377.03 118.25 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 421.03 118.25 Td (or ) Tj ET Q q 0 0 0 rg BT 432.81 118.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 479.56 118.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 523.56 118.25 Td (under ) Tj ET Q q 0 0 0 rg BT 549.78 118.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 91.13 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.82 106.25 Td (Restated ) Tj ET Q q 0 0 0 rg BT 144.51 106.25 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 187.57 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.04 106.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 230.13 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.60 106.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 279.06 106.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 326.86 106.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 370.75 106.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.33 106.25 Td (any ) Tj ET Q q 0 0 0 rg BT 398.03 106.25 Td (other ) Tj ET Q q 0 0 0 rg BT 420.82 106.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 464.72 106.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 508.06 106.25 Td (with ) Tj ET Q q 0 0 0 rg BT 528.09 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.56 106.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Channel ) Tj ET Q q 0 0 0 rg BT 84.90 94.25 Td (as ) Tj ET Q q 0 0 0 rg BT 94.81 94.25 Td (a ) Tj ET Q q 0 0 0 rg BT 100.83 94.25 Td (result ) Tj ET Q q 0 0 0 rg BT 124.63 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.54 94.25 Td (any ) Tj ET Q q 0 0 0 rg BT 150.56 94.25 Td (other ) Tj ET Q q 0 0 0 rg BT 172.68 94.25 Td (inaccuracy ) Tj ET Q q 0 0 0 rg BT 217.56 94.25 Td (with ) Tj ET Q q 0 0 0 rg BT 236.92 94.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 266.82 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.17 94.25 Td (a ) Tj ET Q q 0 0 0 rg BT 282.19 94.25 Td (listing) Tj ET Q q 0 0 0 rg BT 309.98 94.25 Td (s ) Tj ET Q q 0 0 0 rg BT 315.45 94.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 347.58 94.25 Td (Score ) Tj ET Q q 0 0 0 rg BT 371.93 94.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.84 94.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 413.97 94.25 Td (Rating.PFL) Tj ET Q q 0 0 0 rg BT 464.45 94.25 Td () Tj ET Q q 0 0 0 rg BT 467.22 94.25 Td (s ) Tj ET Q q 0 0 0 rg BT 472.70 94.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 518.69 94.25 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.13 82.25 Td (do ) Tj ET Q q 0 0 0 rg BT 107.82 82.25 Td (not ) Tj ET Q q 0 0 0 rg BT 122.29 82.25 Td (af) Tj ET Q q 0 0 0 rg BT 129.88 82.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 146.55 82.25 Td (a ) Tj ET Q q 0 0 0 rg BT 152.68 82.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 173.80 82.25 Td (holder) Tj ET Q q 0 0 0 rg BT 199.72 82.25 Td () Tj ET Q q 0 0 0 rg BT 202.50 82.25 Td (s ) Tj ET Q q 0 0 0 rg BT 208.08 82.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 232.55 82.25 Td (under ) Tj ET Q q 0 0 0 rg BT 257.00 82.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 286.45 82.25 Td (or ) Tj ET Q q 0 0 0 rg BT 296.46 82.25 Td (state ) Tj ET Q q 0 0 0 rg BT 316.48 82.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 355.93 82.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 378.45 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 380.14 82.25 Td (See ) Tj ET Q q 0 0 0 rg BT 396.26 82.25 Td ("About ) Tj ET Q q 0 0 0 rg BT 427.03 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.94 82.25 Td (Marketplace-Note ) Tj ET Q q 0 0 0 rg BT 515.37 82.25 Td (Repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 70.25 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 133.31 70.25 Td (Obligations" ) Tj ET Q q 0 0 0 rg BT 186.55 70.25 Td (for ) Tj ET Q q 0 0 0 rg BT 200.71 70.25 Td (more ) Tj ET Q q 0 0 0 rg BT 223.76 70.25 Td (information.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Investors ) Tj ET Q q 0 0 0 rg BT 90.88 742.25 Td (who ) Tj ET Q q 0 0 0 rg BT 111.21 742.25 Td (use ) Tj ET Q q 0 0 0 rg BT 128.19 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.07 742.25 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 189.39 742.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 238.05 742.25 Td (or ) Tj ET Q q 0 0 0 rg BT 249.57 742.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 272.68 742.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 300.78 742.25 Td (tools ) Tj ET Q q 0 0 0 rg BT 323.32 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 343.63 742.25 Td (face ) Tj ET Q q 0 0 0 rg BT 363.94 742.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 408.71 742.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 427.36 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.79 742.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 474.68 742.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 517.23 742.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 545.88 742.25 Td (that ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (have ) Tj ET Q q 0 0 0 rg BT 71.94 730.25 Td (been ) Tj ET Q q 0 0 0 rg BT 93.88 730.25 Td (erroneously ) Tj ET Q q 0 0 0 rg BT 145.27 730.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 179.97 730.25 Td (by ) Tj ET Q q 0 0 0 rg BT 191.91 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.19 730.25 Td (tool.) 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.81 556.25 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 111.74 556.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 159.00 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 176.01 556.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 197.72 556.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 224.43 556.25 Td (tools ) Tj ET Q q 0 0 0 rg BT 245.58 556.25 Td (may ) Tj ET Q q 0 0 0 rg BT 264.49 556.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 290.08 556.25 Td (all ) Tj ET Q q 0 0 0 rg BT 302.34 556.25 Td (available ) Tj ET Q q 0 0 0 rg BT 341.25 556.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 366.30 556.25 Td (in ) Tj ET Q q 0 0 0 rg BT 376.34 556.25 Td (an ) Tj ET Q q 0 0 0 rg BT 388.60 556.25 Td (investor) Tj ET Q q 0 0 0 rg BT 421.75 556.25 Td () Tj ET Q q 0 0 0 rg BT 424.34 556.25 Td (s ) Tj ET Q q 0 0 0 rg BT 429.94 556.25 Td (account, ) Tj ET Q q 0 0 0 rg BT 466.92 556.25 Td (including ) Tj ET Q q 0 0 0 rg BT 508.08 556.25 Td (any ) Tj ET Q q 0 0 0 rg BT 524.78 556.25 Td (principal ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.06 544.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 101.12 544.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 142.50 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.78 544.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 193.06 544.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 228.32 544.25 Td (on ) Tj ET Q q 0 0 0 rg BT 241.38 544.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 276.10 544.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 304.43 544.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.27 544.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 364.98 544.25 Td (with ) Tj ET Q q 0 0 0 rg BT 385.27 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.55 544.25 Td (investor) Tj ET Q q 0 0 0 rg BT 433.70 544.25 Td () Tj ET Q q 0 0 0 rg BT 436.28 544.25 Td (s ) Tj ET Q q 0 0 0 rg BT 442.68 544.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 489.62 544.25 Td (criteria.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.10 514.25 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 146.63 514.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 193.62 514.25 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 234.48 514.25 Td (known ) Tj ET Q q 0 0 0 rg BT 264.25 514.25 Td (as ) Tj ET Q q 0 0 0 rg BT 274.57 514.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 297.12 514.25 Td (Quick ) Tj ET Q q 0 0 0 rg BT 324.11 514.25 Td (Invest\) ) Tj ET Q q 0 0 0 rg BT 354.43 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.86 514.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 393.41 514.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 420.39 514.25 Td (tools ) Tj ET Q q 0 0 0 rg BT 442.39 514.25 Td (may ) Tj ET Q q 0 0 0 rg BT 462.16 514.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 488.60 514.25 Td (all ) Tj ET Q q 0 0 0 rg BT 501.14 514.25 Td (available ) Tj ET Q q 0 0 0 rg BT 539.78 514.25 Td (funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.16 502.25 Td (an ) Tj ET Q q 0 0 0 rg BT 71.98 502.25 Td (investor) Tj ET Q q 0 0 0 rg BT 104.57 502.25 Td () Tj ET Q q 0 0 0 rg BT 107.35 502.25 Td (s ) Tj ET Q q 0 0 0 rg BT 113.62 502.25 Td (account, ) Tj ET Q q 0 0 0 rg BT 149.60 502.25 Td (including ) Tj ET Q q 0 0 0 rg BT 189.76 502.25 Td (any ) Tj ET Q q 0 0 0 rg BT 206.58 502.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 244.50 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.32 502.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 293.14 502.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 333.85 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.45 502.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 383.05 502.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 418.18 502.25 Td (on ) Tj ET Q q 0 0 0 rg BT 430.57 502.25 Td (his ) Tj ET Q q 0 0 0 rg BT 444.62 502.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 478.67 502.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 506.88 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.04 502.25 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.91 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.26 490.25 Td (investor) Tj ET Q q 0 0 0 rg BT 116.85 490.25 Td () Tj ET Q q 0 0 0 rg BT 119.63 490.25 Td (s ) Tj ET Q q 0 0 0 rg BT 125.65 490.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 171.67 490.25 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 204.61 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 206.75 490.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 242.20 490.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 267.66 490.25 Td (are ) Tj ET Q q 0 0 0 rg BT 282.00 490.25 Td (risky ) Tj ET Q q 0 0 0 rg BT 304.14 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.71 490.25 Td (speculative ) Tj ET Q q 0 0 0 rg BT 367.82 490.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 420.23 490.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 458.47 490.25 Td (using ) Tj ET Q q 0 0 0 rg BT 482.28 490.25 Td (these ) Tj ET Q q 0 0 0 rg BT 504.96 490.25 Td (tools ) Tj ET Q q 0 0 0 rg BT 526.54 490.25 Td (may ) Tj ET Q q 0 0 0 rg BT 545.89 490.25 Td (lose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (some, ) Tj ET Q q 0 0 0 rg BT 76.12 478.25 Td (or ) Tj ET Q q 0 0 0 rg BT 86.96 478.25 Td (all, ) Tj ET Q q 0 0 0 rg BT 101.96 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.80 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.52 478.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 152.25 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.54 478.25 Td (their ) Tj ET Q q 0 0 0 rg BT 183.38 478.25 Td (account, ) Tj ET Q q 0 0 0 rg BT 219.48 478.25 Td (including ) Tj ET Q q 0 0 0 rg BT 259.76 478.25 Td (any ) Tj ET Q q 0 0 0 rg BT 276.71 478.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 314.76 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.71 478.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 363.65 478.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 404.48 478.25 Td (received ) Tj ET Q q 0 0 0 rg BT 440.85 478.25 Td (on ) Tj ET Q q 0 0 0 rg BT 453.36 478.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 481.70 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 484.21 478.25 Td (Investors ) Tj ET Q q 0 0 0 rg BT 523.38 478.25 Td (who ) Tj ET Q q 0 0 0 rg BT 543.11 478.25 Td (wish ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.89 466.25 Td (set ) Tj ET Q q 0 0 0 rg BT 75.10 466.25 Td (aside ) Tj ET Q q 0 0 0 rg BT 98.76 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.30 466.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 138.30 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.74 466.25 Td (their ) Tj ET Q q 0 0 0 rg BT 171.17 466.25 Td (account ) Tj ET Q q 0 0 0 rg BT 205.37 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 216.81 466.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 237.69 466.25 Td (that ) Tj ET Q q 0 0 0 rg BT 255.79 466.25 Td (will ) Tj ET Q q 0 0 0 rg BT 274.45 466.25 Td (not ) Tj ET Q q 0 0 0 rg BT 290.34 466.25 Td (be ) Tj ET Q q 0 0 0 rg BT 302.89 466.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 339.32 466.25 Td (by ) Tj ET Q q 0 0 0 rg BT 352.43 466.25 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 395.52 466.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 443.06 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 453.81 466.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 476.92 466.25 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 506.97 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 518.41 466.25 Td (applicable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (should ) Tj ET Q q 0 0 0 rg BT 79.17 454.25 Td (set ) Tj ET Q q 0 0 0 rg BT 92.78 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 99.72 454.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.99 454.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 151.35 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 162.18 454.25 Td (part ) Tj ET Q q 0 0 0 rg BT 180.23 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.06 454.25 Td (their ) Tj ET Q q 0 0 0 rg BT 211.88 454.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 258.27 454.25 Td (preferences ) Tj ET Q q 0 0 0 rg BT 306.84 454.25 Td (within ) Tj ET Q q 0 0 0 rg BT 334.90 454.25 Td (each ) Tj ET Q q 0 0 0 rg BT 355.71 454.25 Td (tool.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (Some ) Tj ET Q q 0 0 0 rg BT 75.28 424.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 119.45 424.25 Td (may ) Tj ET Q q 0 0 0 rg BT 139.17 424.25 Td (use ) Tj ET Q q 0 0 0 rg BT 155.56 424.25 Td (our ) Tj ET Q q 0 0 0 rg BT 172.51 424.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 225.55 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.83 424.25 Td (defraud ) Tj ET Q q 0 0 0 rg BT 270.55 424.25 Td (investors, ) Tj ET Q q 0 0 0 rg BT 312.22 424.25 Td (which ) Tj ET Q q 0 0 0 rg BT 339.73 424.25 Td (could ) Tj ET Q q 0 0 0 rg BT 365.00 424.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 405.82 424.25 Td (af) Tj ET Q q 0 0 0 rg BT 413.97 424.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 431.45 424.25 Td (investors' ) Tj ET Q q 0 0 0 rg BT 473.40 424.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 501.45 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.73 424.25 Td (recoup ) Tj ET Q q 0 0 0 rg BT 542.56 424.25 Td (their ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (investment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 382.25 Td (e ) Tj ET Q q 0 0 0 rg BT 100.77 382.25 Td (use ) Tj ET Q q 0 0 0 rg BT 115.80 382.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 148.05 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 164.18 382.25 Td (fraud ) Tj ET Q q 0 0 0 rg BT 186.98 382.25 Td (checks ) Tj ET Q q 0 0 0 rg BT 215.88 382.25 Td (with ) Tj ET Q q 0 0 0 rg BT 235.36 382.25 Td (external ) Tj ET Q q 0 0 0 rg BT 269.26 382.25 Td (databases ) Tj ET Q q 0 0 0 rg BT 309.27 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 318.74 382.25 Td (authenticate ) Tj ET Q q 0 0 0 rg BT 368.75 382.25 Td (each ) Tj ET Q q 0 0 0 rg BT 388.76 382.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 432.80 382.25 Td (identity) Tj ET Q q 0 0 0 rg BT 462.70 382.25 Td (. ) Tj ET Q q 0 0 0 rg BT 466.78 382.25 Td (There ) Tj ET Q q 0 0 0 rg BT 491.79 382.25 Td (is ) Tj ET Q q 0 0 0 rg BT 500.15 382.25 Td (a ) Tj ET Q q 0 0 0 rg BT 506.29 382.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 525.49 382.25 Td (however) Tj ET Q q 0 0 0 rg BT 559.52 382.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.18 370.25 Td (these ) Tj ET Q q 0 0 0 rg BT 89.92 370.25 Td (checks ) Tj ET Q q 0 0 0 rg BT 119.32 370.25 Td (could ) Tj ET Q q 0 0 0 rg BT 143.72 370.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 159.24 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.86 370.25 Td (fraud ) Tj ET Q q 0 0 0 rg BT 199.15 370.25 Td (may ) Tj ET Q q 0 0 0 rg BT 218.56 370.25 Td (occur) Tj ET Q q 0 0 0 rg BT 240.21 370.25 Td (. ) Tj ET Q q 0 0 0 rg BT 244.90 370.25 Td (In ) Tj ET Q q 0 0 0 rg BT 255.42 370.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 292.88 370.25 Td (applicants ) Tj ET Q q 0 0 0 rg BT 335.61 370.25 Td (may ) Tj ET Q q 0 0 0 rg BT 355.02 370.25 Td (misrepresent ) Tj ET Q q 0 0 0 rg BT 408.30 370.25 Td (their ) Tj ET Q q 0 0 0 rg BT 428.82 370.25 Td (intentions ) Tj ET Q q 0 0 0 rg BT 470.45 370.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 510.95 370.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 530.36 370.25 Td (purpose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.30 358.25 Td (other ) Tj ET Q q 0 0 0 rg BT 84.81 358.25 Td (information ) Tj ET Q q 0 0 0 rg BT 134.99 358.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 176.83 358.25 Td (in ) Tj ET Q q 0 0 0 rg BT 187.58 358.25 Td (listings, ) Tj ET Q q 0 0 0 rg BT 221.94 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.35 358.25 Td (we ) Tj ET Q q 0 0 0 rg BT 253.98 358.25 Td (do ) Tj ET Q q 0 0 0 rg BT 266.94 358.25 Td (not ) Tj ET Q q 0 0 0 rg BT 282.69 358.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 309.54 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.72 358.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 361.57 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.87 358.25 Td (this ) Tj ET Q q 0 0 0 rg BT 390.28 358.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 442.75 358.25 Td (While ) Tj ET Q q 0 0 0 rg BT 470.15 358.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 487.01 358.25 Td ( ) Tj ET Q q 0 0 0 rg BT 489.98 358.25 Td (will ) Tj ET Q q 0 0 0 rg BT 508.50 358.25 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 552.57 358.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 84.34 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 94.79 346.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 140.22 346.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 165.67 346.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.57 346.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 206.02 346.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 264.78 346.25 Td (\(including, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 310.51 346.25 Td (e.g.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.95 346.25 Td (, ) Tj ET Q q 0 0 0 rg BT 329.57 346.25 Td (a ) Tj ET Q q 0 0 0 rg BT 336.13 346.25 Td (material ) Tj ET Q q 0 0 0 rg BT 371.01 346.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 407.56 346.25 Td (default ) Tj ET Q q 0 0 0 rg BT 437.45 346.25 Td (on ) Tj ET Q q 0 0 0 rg BT 449.57 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.91 346.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 504.35 346.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 527.02 346.25 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.72 334.25 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 112.32 334.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 145.16 334.25 Td (theft\), ) Tj ET Q q 0 0 0 rg BT 171.60 334.25 Td (it ) Tj ET Q q 0 0 0 rg BT 179.44 334.25 Td (is ) Tj ET Q q 0 0 0 rg BT 188.39 334.25 Td (not ) Tj ET Q q 0 0 0 rg BT 203.46 334.25 Td (obligated ) Tj ET Q q 0 0 0 rg BT 242.95 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.02 334.25 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 296.41 334.25 Td (an ) Tj ET Q q 0 0 0 rg BT 308.13 334.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 342.63 334.25 Td (or ) Tj ET Q q 0 0 0 rg BT 353.25 334.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 398.84 334.25 Td (a ) Tj ET Q q 0 0 0 rg BT 405.56 334.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 427.29 334.25 Td (from ) Tj ET Q q 0 0 0 rg BT 449.01 334.25 Td (an ) Tj ET Q q 0 0 0 rg BT 460.73 334.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 495.23 334.25 Td (if ) Tj ET Q q 0 0 0 rg BT 503.63 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.13 334.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.83 322.25 Td (not ) Tj ET Q q 0 0 0 rg BT 73.78 322.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 107.58 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.53 322.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 144.13 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 154.62 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 164.57 322.25 Td (part ) Tj ET Q q 0 0 0 rg BT 182.28 322.25 Td (due ) Tj ET Q q 0 0 0 rg BT 198.88 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.82 322.25 Td (fraud ) Tj ET Q q 0 0 0 rg BT 232.09 322.25 Td (\(other ) Tj ET Q q 0 0 0 rg BT 258.13 322.25 Td (than ) Tj ET Q q 0 0 0 rg BT 277.51 322.25 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 317.98 322.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 350.70 322.25 Td (theft\) ) Tj ET Q q 0 0 0 rg BT 374.52 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 384.46 322.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 430.50 322.25 Td (with ) Tj ET Q q 0 0 0 rg BT 450.44 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 457.05 322.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 476.43 322.25 Td (listing, ) Tj ET Q q 0 0 0 rg BT 506.10 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 516.59 322.25 Td (due ) Tj ET Q q 0 0 0 rg BT 533.19 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 543.14 322.25 Td (false ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.11 310.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 104.97 310.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 149.97 310.25 Td (or ) Tj ET Q q 0 0 0 rg BT 161.08 310.25 Td (omissions ) Tj ET Q q 0 0 0 rg BT 203.87 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.98 310.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 232.75 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 243.31 310.25 Td (a ) Tj ET Q q 0 0 0 rg BT 250.53 310.25 Td (listing, ) Tj ET Q q 0 0 0 rg BT 280.82 310.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 315.81 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 326.37 310.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 351.92 310.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 373.85 310.25 Td (a ) Tj ET Q q 0 0 0 rg BT 381.07 310.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 426.20 310.25 Td (representations, ) Tj ET Q q 0 0 0 rg BT 492.01 310.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 522.57 310.25 Td (indicators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.49 298.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 101.29 298.25 Td (intent ) Tj ET Q q 0 0 0 rg BT 127.22 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.82 298.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 173.53 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.46 298.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 209.83 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.20 298.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 266.68 298.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 292.88 298.25 Td (For ) Tj ET Q q 0 0 0 rg BT 309.93 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.30 298.25 Td (period ) Tj ET Q q 0 0 0 rg BT 354.01 298.25 Td (from ) Tj ET Q q 0 0 0 rg BT 376.60 298.25 Td (July ) Tj ET Q q 0 0 0 rg BT 396.43 298.25 Td (13, ) Tj ET Q q 0 0 0 rg BT 412.08 298.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 435.24 298.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.18 298.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 490.43 298.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.43 298.25 Td (, ) Tj ET Q q 0 0 0 rg BT 516.09 298.25 Td (we ) Tj ET Q q 0 0 0 rg BT 530.91 298.25 Td (verified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 103.16 286.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 131.87 286.25 Td (income ) Tj ET Q q 0 0 0 rg BT 164.47 286.25 Td (on ) Tj ET Q q 0 0 0 rg BT 177.63 286.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.56 286.25 Td (62%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.89 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 260.05 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.55 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.93 286.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 328.42 286.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 356.02 286.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 399.73 286.25 Td (through ) Tj ET Q q 0 0 0 rg BT 434.00 286.25 Td (our ) Tj ET Q q 0 0 0 rg BT 450.50 286.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 502.52 286.25 Td (on ) Tj ET Q q 0 0 0 rg BT 515.69 286.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.29 286.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 542.01 286.25 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 274.25 Td (422,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.83 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 89.14 274.25 Td (out ) Tj ET Q q 0 0 0 rg BT 105.23 274.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.88 274.25 Td (680,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.38 274.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 156.02 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.77 274.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.84 274.25 Td (74%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.17 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 256.49 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.13 274.25 Td (originations ) Tj ET Q q 0 0 0 rg BT 319.22 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 332.53 274.25 Td (a ) Tj ET Q q 0 0 0 rg BT 340.28 274.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 366.92 274.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 390.23 274.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.56 274.25 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 414.38 274.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.49 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 443.80 274.25 Td (out ) Tj ET Q q 0 0 0 rg BT 459.89 274.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.54 274.25 Td ($8.7 ) Tj ET Q q 0 0 0 rg BT 492.35 274.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.46 274.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 527.60 274.25 Td (Of ) Tj ET Q q 0 0 0 rg BT 541.47 274.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 91.02 262.25 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 120.66 262.25 Td (we ) Tj ET Q q 0 0 0 rg BT 135.02 262.25 Td (canceled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.70 262.25 Td (76,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.20 262.25 Td ( ) Tj ET Q q 0 0 0 rg BT 202.90 262.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.93 262.25 Td (1) Tj ET Q q 0 0 0 rg BT 218.56 262.25 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.89 262.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.59 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.62 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.54 262.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 280.46 262.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 312.06 262.25 Td (for ) Tj ET Q q 0 0 0 rg BT 326.42 262.25 Td (which ) Tj ET Q q 0 0 0 rg BT 353.56 262.25 Td (we ) Tj ET Q q 0 0 0 rg BT 367.92 262.25 Td (verified ) Tj ET Q q 0 0 0 rg BT 401.72 262.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 454.41 262.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 482.66 262.25 Td (income ) Tj ET Q q 0 0 0 rg BT 514.79 262.25 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (because ) Tj ET Q q 0 0 0 rg BT 85.32 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.22 250.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 133.79 250.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 176.34 250.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 221.09 250.25 Td (or ) Tj ET Q q 0 0 0 rg BT 233.10 250.25 Td (insuf) Tj ET Q q 0 0 0 rg BT 252.92 250.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 282.14 250.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 335.81 250.25 Td (or ) Tj ET Q q 0 0 0 rg BT 347.81 250.25 Td (income ) Tj ET Q q 0 0 0 rg BT 380.92 250.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 434.31 250.25 Td (If ) Tj ET Q q 0 0 0 rg BT 444.65 250.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 461.51 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 465.19 250.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 516.06 250.25 Td (a ) Tj ET Q q 0 0 0 rg BT 524.17 250.25 Td (Note, ) Tj ET Q q 0 0 0 rg BT 549.79 250.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 95.32 238.25 Td (price ) Tj ET Q q 0 0 0 rg BT 117.32 238.25 Td (will ) Tj ET Q q 0 0 0 rg BT 134.89 238.25 Td (be ) Tj ET Q q 0 0 0 rg BT 146.34 238.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 170.01 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.80 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.03 238.25 Td (Note's ) Tj ET Q q 0 0 0 rg BT 221.17 238.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 269.85 238.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 307.41 238.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 339.95 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.40 238.25 Td (will ) Tj ET Q q 0 0 0 rg BT 373.97 238.25 Td (not ) Tj ET Q q 0 0 0 rg BT 388.77 238.25 Td (include ) Tj ET Q q 0 0 0 rg BT 420.21 238.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 453.31 238.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 487.26 238.25 Td (If ) Tj ET Q q 0 0 0 rg BT 495.93 238.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 512.79 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 514.80 238.25 Td (repurchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (any ) Tj ET Q q 0 0 0 rg BT 68.69 226.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 98.78 226.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 120.81 226.25 Td (will ) Tj ET Q q 0 0 0 rg BT 140.62 226.25 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 195.41 226.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 242.97 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.44 226.25 Td (related ) Tj ET Q q 0 0 0 rg BT 290.89 226.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 312.93 226.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 369.38 226.25 Td (Rights ) Tj ET Q q 0 0 0 rg BT 399.76 226.25 Td (for ) Tj ET Q q 0 0 0 rg BT 415.67 226.25 Td (zero ) Tj ET Q q 0 0 0 rg BT 437.13 226.25 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 497.76 226.25 Td (See ) Tj ET Q q 0 0 0 rg BT 516.45 226.25 Td ("About ) Tj ET Q q 0 0 0 rg BT 549.78 226.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (Marketplace-Note ) Tj ET Q q 0 0 0 rg BT 125.24 214.25 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 174.38 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.32 214.25 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 257.69 214.25 Td (Obligations" ) Tj ET Q q 0 0 0 rg BT 310.94 214.25 Td (for ) Tj ET Q q 0 0 0 rg BT 325.10 214.25 Td (more ) Tj ET Q q 0 0 0 rg BT 348.14 214.25 Td (information.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.27 184.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 85.97 184.25 Td (that ) Tj ET Q q 0 0 0 rg BT 104.25 184.25 Td (we ) Tj ET Q q 0 0 0 rg BT 117.52 184.25 Td (have ) Tj ET Q q 0 0 0 rg BT 139.12 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.06 184.25 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 193.98 184.25 Td (right ) Tj ET Q q 0 0 0 rg BT 216.15 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.87 184.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 261.58 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.52 184.25 Td (investigate ) Tj ET Q q 0 0 0 rg BT 317.56 184.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 346.39 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.88 184.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 389.59 184.25 Td (theft ) Tj ET Q q 0 0 0 rg BT 410.63 184.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.13 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.07 184.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 484.36 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.85 184.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 536.46 184.25 Td (Loans ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (creates ) Tj ET Q q 0 0 0 rg BT 81.38 172.25 Td (a ) Tj ET Q q 0 0 0 rg BT 88.88 172.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 135.27 172.25 Td (conflict ) Tj ET Q q 0 0 0 rg BT 168.88 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.71 172.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.76 172.25 Td (between ) Tj ET Q q 0 0 0 rg BT 248.59 172.25 Td (us ) Tj ET Q q 0 0 0 rg BT 260.54 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.60 172.25 Td (our ) Tj ET Q q 0 0 0 rg BT 295.56 172.25 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 142.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 142.25 Td (e ) Tj ET Q q 0 0 0 rg BT 100.98 142.25 Td (have ) Tj ET Q q 0 0 0 rg BT 121.75 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.87 142.25 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 175.53 142.25 Td (right ) Tj ET Q q 0 0 0 rg BT 196.32 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.00 142.25 Td (investigate ) Tj ET Q q 0 0 0 rg BT 251.21 142.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 279.22 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.45 142.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 321.90 142.25 Td (theft ) Tj ET Q q 0 0 0 rg BT 342.12 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.46 142.25 Td (determine, ) Tj ET Q q 0 0 0 rg BT 402.84 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.52 142.25 Td (our ) Tj ET Q q 0 0 0 rg BT 427.75 142.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 445.76 142.25 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 489.59 142.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 523.70 142.25 Td (verifiable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 82.17 130.25 Td (theft ) Tj ET Q q 0 0 0 rg BT 102.11 130.25 Td (has ) Tj ET Q q 0 0 0 rg BT 117.06 130.25 Td (occurred. ) Tj ET Q q 0 0 0 rg BT 156.03 130.25 Td (V) Tj ET Q q 0 0 0 rg BT 162.14 130.25 Td (erifiable ) Tj ET Q q 0 0 0 rg BT 197.07 130.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 229.24 130.25 Td (theft ) Tj ET Q q 0 0 0 rg BT 249.18 130.25 Td (triggers ) Tj ET Q q 0 0 0 rg BT 281.34 130.25 Td (an ) Tj ET Q q 0 0 0 rg BT 292.40 130.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 334.57 130.25 Td (by ) Tj ET Q q 0 0 0 rg BT 346.18 130.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 363.04 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 364.66 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 374.05 130.25 Td (either ) Tj ET Q q 0 0 0 rg BT 398.43 130.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 443.35 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.19 130.25 Td (related ) Tj ET Q q 0 0 0 rg BT 486.01 130.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 510.95 130.25 Td (or ) Tj ET Q q 0 0 0 rg BT 520.90 130.25 Td (indemnify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.24 118.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 107.34 118.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 128.80 118.25 Td (holders. ) Tj ET Q q 0 0 0 rg BT 162.31 118.25 Td (As ) Tj ET Q q 0 0 0 rg BT 175.45 118.25 Td (we ) Tj ET Q q 0 0 0 rg BT 189.12 118.25 Td (are ) Tj ET Q q 0 0 0 rg BT 203.35 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.59 118.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 235.71 118.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 266.61 118.25 Td (with ) Tj ET Q q 0 0 0 rg BT 286.41 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.65 118.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 328.22 118.25 Td (to ) Tj ET Q q 0 0 0 rg BT 338.02 118.25 Td (investigate ) Tj ET Q q 0 0 0 rg BT 383.36 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.81 118.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 441.81 118.25 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 482.14 118.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 514.71 118.25 Td (theft, ) Tj ET Q q 0 0 0 rg BT 537.56 118.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (triggers ) Tj ET Q q 0 0 0 rg BT 83.87 106.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 110.11 106.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 156.74 106.25 Td (or ) Tj ET Q q 0 0 0 rg BT 168.38 106.25 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 235.02 106.25 Td (obligation, ) Tj ET Q q 0 0 0 rg BT 281.39 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 289.15 106.25 Td (conflict ) Tj ET Q q 0 0 0 rg BT 323.01 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.66 106.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 367.41 106.25 Td (exists. ) Tj ET Q q 0 0 0 rg BT 396.01 106.25 Td (Investors ) Tj ET Q q 0 0 0 rg BT 435.99 106.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 454.86 106.25 Td (solely ) Tj ET Q q 0 0 0 rg BT 482.06 106.25 Td (on ) Tj ET Q q 0 0 0 rg BT 495.38 106.25 Td (us ) Tj ET Q q 0 0 0 rg BT 507.59 106.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.69 106.25 Td (investigate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (incidents ) Tj ET Q q 0 0 0 rg BT 88.59 94.25 Td (that ) Tj ET Q q 0 0 0 rg BT 106.06 94.25 Td (might ) Tj ET Q q 0 0 0 rg BT 131.88 94.25 Td (require ) Tj ET Q q 0 0 0 rg BT 162.68 94.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 179.54 94.25 Td ( ) Tj ET Q q 0 0 0 rg BT 182.02 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.29 94.25 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 235.87 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.57 94.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 294.14 94.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 316.06 94.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 347.99 94.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.80 94.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 404.59 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.29 94.25 Td (related ) Tj ET Q q 0 0 0 rg BT 448.97 94.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 477.11 94.25 Td (The ) Tj ET Q q 0 0 0 rg BT 495.14 94.25 Td (denial ) Tj ET Q q 0 0 0 rg BT 522.05 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.87 94.25 Td (a ) Tj ET Q q 0 0 0 rg BT 539.79 94.25 Td (claim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (under ) Tj ET Q q 0 0 0 rg BT 75.27 82.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 100.69 82.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 133.75 82.25 Td (theft ) Tj ET Q q 0 0 0 rg BT 154.57 82.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 195.93 82.25 Td (would ) Tj ET Q q 0 0 0 rg BT 223.43 82.25 Td (save ) Tj ET Q q 0 0 0 rg BT 243.70 82.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 260.56 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 263.06 82.25 Td (from ) Tj ET Q q 0 0 0 rg BT 285.00 82.25 Td (its ) Tj ET Q q 0 0 0 rg BT 296.95 82.25 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 362.76 82.25 Td (or ) Tj ET Q q 0 0 0 rg BT 373.59 82.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 419.40 82.25 Td (obligation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 67.25 Td () Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 68.52 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.04 742.25 Td (does ) Tj ET Q q 0 0 0 rg BT 93.89 742.25 Td (not ) Tj ET Q q 0 0 0 rg BT 110.75 742.25 Td (have ) Tj ET Q q 0 0 0 rg BT 133.71 742.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 181.12 742.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 223.54 742.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 279.83 742.25 Td (data ) Tj ET Q q 0 0 0 rg BT 301.13 742.25 Td (about ) Tj ET Q q 0 0 0 rg BT 327.99 742.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 384.28 742.25 Td (on ) Tj ET Q q 0 0 0 rg BT 398.36 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.66 742.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 457.63 742.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 489.21 742.25 Td (Loss ) Tj ET Q q 0 0 0 rg BT 511.63 742.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 535.15 742.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.23 742.25 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 91.95 730.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 120.01 730.25 Td (may ) Tj ET Q q 0 0 0 rg BT 139.73 730.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 176.67 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.73 730.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 217.79 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.07 730.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 267.80 730.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 306.97 730.25 Td (should ) Tj ET Q q 0 0 0 rg BT 337.26 730.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 374.76 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.04 730.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 408.10 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.93 730.25 Td (non-payment ) Tj ET Q q 0 0 0 rg BT 475.88 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.94 730.25 Td (default.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 126.42 700.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 152.95 700.25 Td (were ) Tj ET Q q 0 0 0 rg BT 174.48 700.25 Td (first ) Tj ET Q q 0 0 0 rg BT 192.68 700.25 Td (of) Tj ET Q q 0 0 0 rg BT 200.83 700.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 223.47 700.25 Td (through ) Tj ET Q q 0 0 0 rg BT 256.67 700.25 Td (our ) Tj ET Q q 0 0 0 rg BT 272.10 700.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 323.06 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 332.93 700.25 Td (February ) Tj ET Q q 0 0 0 rg BT 371.13 700.25 Td (2006. ) Tj ET Q q 0 0 0 rg BT 395.57 700.25 Td (The ) Tj ET Q q 0 0 0 rg BT 413.22 700.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 453.63 700.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 471.29 700.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 492.27 700.25 Td (displayed ) Tj ET Q q 0 0 0 rg BT 532.69 700.25 Td (on ) Tj ET Q q 0 0 0 rg BT 544.79 700.25 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 81.61 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.76 688.25 Td (used ) Tj ET Q q 0 0 0 rg BT 119.81 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.30 688.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 173.00 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.93 688.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 221.20 688.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 250.58 688.25 Td (have ) Tj ET Q q 0 0 0 rg BT 272.17 688.25 Td (been ) Tj ET Q q 0 0 0 rg BT 293.76 688.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 337.57 688.25 Td (from ) Tj ET Q q 0 0 0 rg BT 359.72 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.65 688.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 392.93 688.25 Td (histories ) Tj ET Q q 0 0 0 rg BT 429.53 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.58 688.25 Td (all ) Tj ET Q q 0 0 0 rg BT 453.29 688.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 494.32 688.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 521.47 688.25 Td (originated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (through ) Tj ET Q q 0 0 0 rg BT 82.73 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 97.68 676.25 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 150.66 676.25 Td (However) Tj ET Q q 0 0 0 rg BT 186.91 676.25 Td (, ) Tj ET Q q 0 0 0 rg BT 191.03 676.25 Td (future ) Tj ET Q q 0 0 0 rg BT 216.52 676.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 256.46 676.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 282.52 676.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 324.68 676.25 Td (through ) Tj ET Q q 0 0 0 rg BT 357.41 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 372.36 676.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 422.84 676.25 Td (may ) Tj ET Q q 0 0 0 rg BT 441.68 676.25 Td (default ) Tj ET Q q 0 0 0 rg BT 471.06 676.25 Td (more ) Tj ET Q q 0 0 0 rg BT 493.23 676.25 Td (often ) Tj ET Q q 0 0 0 rg BT 515.40 676.25 Td (than ) Tj ET Q q 0 0 0 rg BT 534.23 676.25 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.82 664.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 117.76 664.25 Td (have ) Tj ET Q q 0 0 0 rg BT 139.14 664.25 Td (defaulted ) Tj ET Q q 0 0 0 rg BT 178.84 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.12 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.83 664.25 Td (past, ) Tj ET Q q 0 0 0 rg BT 224.94 664.25 Td (which ) Tj ET Q q 0 0 0 rg BT 251.88 664.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 291.03 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.74 664.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 323.24 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.07 664.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 373.24 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.52 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.23 664.25 Td (Notes.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 580.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 580.25 Td (e ) Tj ET Q q 0 0 0 rg BT 101.73 580.25 Td (may ) Tj ET Q q 0 0 0 rg BT 121.60 580.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 143.13 580.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 184.10 580.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 211.20 580.25 Td (that ) Tj ET Q q 0 0 0 rg BT 228.85 580.25 Td (become ) Tj ET Q q 0 0 0 rg BT 262.59 580.25 Td (past ) Tj ET Q q 0 0 0 rg BT 281.36 580.25 Td (due ) Tj ET Q q 0 0 0 rg BT 298.45 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.89 580.25 Td (a ) Tj ET Q q 0 0 0 rg BT 315.98 580.25 Td (third ) Tj ET Q q 0 0 0 rg BT 337.52 580.25 Td (party ) Tj ET Q q 0 0 0 rg BT 360.72 580.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 402.81 580.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 433.78 580.25 Td (for ) Tj ET Q q 0 0 0 rg BT 448.09 580.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 490.18 580.25 Td (or ) Tj ET Q q 0 0 0 rg BT 501.16 580.25 Td (we ) Tj ET Q q 0 0 0 rg BT 515.48 580.25 Td 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0 0 rg BT 317.42 508.25 Td (. ) Tj ET Q q 0 0 0 rg BT 322.61 508.25 Td (Collection ) Tj ET Q q 0 0 0 rg BT 366.97 508.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 385.77 508.25 Td (may ) Tj ET Q q 0 0 0 rg BT 405.68 508.25 Td (be ) Tj ET Q q 0 0 0 rg BT 417.81 508.25 Td (up ) Tj ET Q q 0 0 0 rg BT 430.51 508.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.99 508.25 Td (40% ) Tj ET Q q 0 0 0 rg BT 462.01 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.04 508.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 515.15 508.25 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 554.23 508.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 85.27 496.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.55 496.25 Td (any ) Tj ET Q q 0 0 0 rg BT 112.49 496.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 134.42 496.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 153.02 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.96 496.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 216.33 496.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 234.93 496.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 278.53 496.25 Td (with ) Tj ET Q q 0 0 0 rg BT 298.80 496.25 Td (accepting ) Tj ET Q q 0 0 0 rg BT 339.61 496.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 380.44 496.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 416.25 496.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.53 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.25 496.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 483.18 496.25 Td (ef) Tj ET Q q 0 0 0 rg BT 490.77 496.25 Td (fort.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.25 Td (For ) Tj ET Q q 0 0 0 rg BT 101.92 466.25 Td (some ) Tj ET Q q 0 0 0 rg BT 125.05 466.25 Td (non-performing ) Tj ET Q q 0 0 0 rg BT 190.39 466.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 230.74 466.25 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 259.71 466.25 Td (we ) Tj ET Q q 0 0 0 rg BT 273.39 466.25 Td (may ) Tj ET Q q 0 0 0 rg BT 292.64 466.25 Td (not ) Tj ET Q q 0 0 0 rg BT 307.44 466.25 Td (be ) Tj ET Q q 0 0 0 rg BT 318.91 466.25 Td (able ) Tj ET Q q 0 0 0 rg BT 337.59 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 347.39 466.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 379.39 466.25 Td (any ) Tj ET Q q 0 0 0 rg BT 395.86 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.21 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.46 466.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 449.70 466.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 468.94 466.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 501.50 466.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 520.47 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 530.82 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 537.29 466.25 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (an ) Tj ET Q q 0 0 0 rg BT 61.83 454.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 96.44 454.25 Td (who ) Tj ET Q q 0 0 0 rg BT 116.05 454.25 Td (has ) Tj ET Q q 0 0 0 rg BT 131.77 454.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 174.70 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 181.53 454.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 241.13 454.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 262.96 454.25 Td (may ) Tj ET Q q 0 0 0 rg BT 282.57 454.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 313.82 454.25 Td (little, ) Tj ET Q q 0 0 0 rg BT 337.04 454.25 Td (if ) Tj ET Q q 0 0 0 rg BT 345.54 454.25 Td (any) Tj ET Q q 0 0 0 rg BT 359.33 454.25 Td (, ) Tj ET Q q 0 0 0 rg BT 364.23 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.95 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.56 454.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 419.16 454.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 457.10 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.93 454.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 505.75 454.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 539.24 454.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.97 442.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 89.67 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.43 442.25 Td (In ) Tj ET Q q 0 0 0 rg BT 103.52 442.25 Td (all ) Tj ET Q q 0 0 0 rg BT 116.27 442.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 142.63 442.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 181.49 442.25 Td (must ) Tj ET Q q 0 0 0 rg BT 203.70 442.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 222.00 442.25 Td (on ) Tj ET Q q 0 0 0 rg BT 234.76 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 250.85 442.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 293.04 442.25 Td (ef) Tj ET Q q 0 0 0 rg BT 300.62 442.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 321.71 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 332.80 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.77 442.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 391.62 442.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 433.81 442.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 464.88 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.42 442.25 Td (which ) Tj ET Q q 0 0 0 rg BT 502.61 442.25 Td (such ) Tj ET Q q 0 0 0 rg BT 523.70 442.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.94 430.25 Td (are ) Tj ET Q q 0 0 0 rg BT 91.65 430.25 Td (referred, ) Tj ET Q q 0 0 0 rg BT 128.28 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.22 430.25 Td (are ) Tj ET Q q 0 0 0 rg BT 159.93 430.25 Td (not ) Tj ET Q q 0 0 0 rg BT 175.21 430.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 216.03 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.30 430.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 255.45 430.25 Td (or ) Tj ET Q q 0 0 0 rg BT 266.28 430.25 Td (attempt ) Tj ET Q q 0 0 0 rg BT 298.77 430.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 340.70 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.53 430.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 392.36 430.25 Td (on ) Tj ET Q q 0 0 0 rg BT 404.86 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.58 430.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 460.40 430.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 487.33 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.61 430.25 Td (any ) Tj ET Q q 0 0 0 rg BT 514.55 430.25 Td (manner) Tj ET Q q 0 0 0 rg BT 543.98 430.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 400.25 Td (Late ) Tj ET Q q 0 0 0 rg BT 105.87 400.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 142.41 400.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 195.04 400.25 Td (is ) Tj ET Q q 0 0 0 rg BT 203.82 400.25 Td (an ) Tj ET Q q 0 0 0 rg BT 215.36 400.25 Td (early ) Tj ET Q q 0 0 0 rg BT 237.46 400.25 Td (indicator ) Tj ET Q q 0 0 0 rg BT 275.10 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.54 400.25 Td (char) Tj ET Q q 0 0 0 rg BT 302.57 400.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 314.11 400.25 Td (of) Tj ET Q q 0 0 0 rg BT 322.26 400.25 Td (f ) Tj ET Q q 0 0 0 rg BT 327.70 400.25 Td (probability) Tj ET Q q 0 0 0 rg BT 370.93 400.25 Td (. ) Tj ET Q q 0 0 0 rg BT 375.54 400.25 Td (Of ) Tj ET Q q 0 0 0 rg BT 388.20 400.25 Td (all ) Tj ET Q q 0 0 0 rg BT 400.30 400.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 440.73 400.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 467.27 400.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 509.92 400.25 Td (between ) Tj ET Q q 0 0 0 rg BT 545.34 400.25 Td (July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (13, ) Tj ET Q q 0 0 0 rg BT 65.20 388.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 87.89 388.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.02 388.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 148.82 388.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.82 388.25 Td (, ) Tj ET Q q 0 0 0 rg BT 174.01 388.25 Td (12.9% ) Tj ET Q q 0 0 0 rg BT 202.54 388.25 Td (have ) Tj ET Q q 0 0 0 rg BT 224.11 388.25 Td (been ) Tj ET Q q 0 0 0 rg BT 245.68 388.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 276.13 388.25 Td (than ) Tj ET Q q 0 0 0 rg BT 296.04 388.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 308.74 388.25 Td (days ) Tj ET Q q 0 0 0 rg BT 329.77 388.25 Td (past ) Tj ET Q q 0 0 0 rg BT 348.57 388.25 Td (due ) Tj ET Q q 0 0 0 rg BT 365.70 388.25 Td (at ) Tj ET Q q 0 0 0 rg BT 375.62 388.25 Td (any ) Tj ET Q q 0 0 0 rg BT 392.75 388.25 Td (time ) Tj ET Q q 0 0 0 rg BT 413.22 388.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.35 388.25 Td (1) Tj ET Q q 0 0 0 rg BT 434.98 388.25 Td (1.5% ) Tj ET Q q 0 0 0 rg BT 458.51 388.25 Td (have ) Tj ET Q q 0 0 0 rg BT 480.08 388.25 Td (been ) Tj ET Q q 0 0 0 rg BT 501.65 388.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 532.10 388.25 Td (than ) Tj ET Q q 0 0 0 rg BT 552.01 388.25 Td (60 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (days ) Tj ET Q q 0 0 0 rg BT 70.99 376.25 Td (past ) Tj ET Q q 0 0 0 rg BT 89.76 376.25 Td (due ) Tj ET Q q 0 0 0 rg BT 106.86 376.25 Td (at ) Tj ET Q q 0 0 0 rg BT 116.74 376.25 Td (any ) Tj ET Q q 0 0 0 rg BT 133.84 376.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 156.19 376.25 Td (As ) Tj ET Q q 0 0 0 rg BT 169.96 376.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.95 376.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 224.71 376.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.71 376.25 Td (, ) Tj ET Q q 0 0 0 rg BT 249.87 376.25 Td (85,178 ) Tj ET Q q 0 0 0 rg BT 280.03 376.25 Td (or ) Tj ET Q q 0 0 0 rg BT 291.02 376.25 Td (12.5% ) Tj ET Q q 0 0 0 rg BT 319.52 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.51 376.25 Td (all ) Tj ET Q q 0 0 0 rg BT 343.16 376.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 384.14 376.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 411.24 376.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 454.45 376.25 Td (between ) Tj ET Q q 0 0 0 rg BT 490.42 376.25 Td (July ) Tj ET Q q 0 0 0 rg BT 509.75 376.25 Td (13, ) Tj ET Q q 0 0 0 rg BT 524.92 376.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 547.58 376.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 93.87 364.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.87 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 116.65 364.25 Td (have ) Tj ET Q q 0 0 0 rg BT 138.30 364.25 Td (been ) Tj ET Q q 0 0 0 rg BT 159.95 364.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 194.36 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.92 364.25 Td (a ) Tj ET Q q 0 0 0 rg BT 212.13 364.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 254.33 364.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 285.42 364.25 Td (for ) Tj ET Q q 0 0 0 rg BT 299.86 364.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 342.06 364.25 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 395.65 364.25 Td (totaling ) Tj ET Q q 0 0 0 rg BT 428.98 364.25 Td ($64.0 ) Tj ET Q q 0 0 0 rg BT 454.25 364.25 Td (million ) Tj ET Q q 0 0 0 rg BT 485.92 364.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.47 364.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.57 364.25 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.67 352.25 Td (averaging ) Tj ET Q q 0 0 0 rg BT 108.32 352.25 Td ($751 ) Tj ET Q q 0 0 0 rg BT 130.55 352.25 Td (sought ) Tj ET Q q 0 0 0 rg BT 159.45 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.46 352.25 Td (be ) Tj ET Q q 0 0 0 rg BT 181.12 352.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 219.44 352.25 Td (on ) Tj ET Q q 0 0 0 rg BT 231.67 352.25 Td (an ) Tj ET Q q 0 0 0 rg BT 243.34 352.25 Td (average ) Tj ET Q q 0 0 0 rg BT 276.65 352.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 322.76 352.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 354.99 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.54 352.25 Td ($12,034. ) Tj ET Q q 0 0 0 rg BT 402.61 352.25 Td (The ) Tj ET Q q 0 0 0 rg BT 420.39 352.25 Td (average ) Tj ET Q q 0 0 0 rg BT 453.70 352.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 490.91 352.25 Td (on ) Tj ET Q q 0 0 0 rg BT 503.13 352.25 Td (such ) Tj ET Q q 0 0 0 rg BT 523.69 352.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.96 340.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.60 340.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 154.22 340.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.22 340.25 Td (, ) Tj ET Q q 0 0 0 rg BT 179.24 340.25 Td (is ) Tj ET Q q 0 0 0 rg BT 188.44 340.25 Td ($360, ) Tj ET Q q 0 0 0 rg BT 213.46 340.25 Td (net ) Tj ET Q q 0 0 0 rg BT 228.20 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.06 340.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 281.01 340.25 Td (fees. ) Tj ET Q q 0 0 0 rg BT 302.13 340.25 Td (In ) Tj ET Q q 0 0 0 rg BT 312.99 340.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 348.29 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.59 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.33 340.25 Td (85,178 ) Tj ET Q q 0 0 0 rg BT 403.35 340.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 444.20 340.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 471.16 340.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 505.32 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 515.63 340.25 Td (a ) Tj ET Q q 0 0 0 rg BT 522.59 340.25 Td (collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (agency) Tj ET Q q 0 0 0 rg BT 77.67 328.25 Td (, ) Tj ET Q q 0 0 0 rg BT 82.67 328.25 Td (a ) Tj ET Q q 0 0 0 rg BT 89.60 328.25 Td (total ) Tj ET Q q 0 0 0 rg BT 109.88 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.71 328.25 Td (65,346 ) Tj ET Q q 0 0 0 rg BT 150.71 328.25 Td (or ) Tj ET Q q 0 0 0 rg BT 161.54 328.25 Td (76.7% ) Tj ET Q q 0 0 0 rg BT 189.87 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.70 328.25 Td (such ) Tj ET Q q 0 0 0 rg BT 221.53 328.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 245.14 328.25 Td (have ) Tj ET Q q 0 0 0 rg BT 266.51 328.25 Td (been ) Tj ET Q q 0 0 0 rg BT 287.89 328.25 Td (char) Tj ET Q q 0 0 0 rg BT 304.92 328.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 321.86 328.25 Td (of) Tj ET Q q 0 0 0 rg BT 330.00 328.25 Td (f.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (Loss ) Tj ET Q q 0 0 0 rg BT 71.13 298.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 93.37 298.25 Td (on ) Tj ET Q q 0 0 0 rg BT 106.17 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.18 298.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 162.87 298.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 190.67 298.25 Td (may ) Tj ET Q q 0 0 0 rg BT 210.13 298.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 246.80 298.25 Td (as ) Tj ET Q q 0 0 0 rg BT 257.93 298.25 Td (a ) Tj ET Q q 0 0 0 rg BT 265.17 298.25 Td (result ) Tj ET Q q 0 0 0 rg BT 290.75 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.32 298.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 342.99 298.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 388.01 298.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 419.69 298.25 Td (our ) Tj ET Q q 0 0 0 rg BT 436.38 298.25 Td (control ) Tj ET Q q 0 0 0 rg BT 468.07 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.87 298.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 517.54 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.56 298.25 Td (control ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.11 286.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 113.34 286.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 256.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 126.67 256.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 149.56 256.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 167.47 256.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 188.70 256.25 Td (may ) Tj ET Q q 0 0 0 rg BT 208.26 256.25 Td (be ) Tj ET Q q 0 0 0 rg BT 220.05 256.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 272.38 256.25 Td (af) Tj ET Q q 0 0 0 rg BT 279.97 256.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 306.74 256.25 Td (by ) Tj ET Q q 0 0 0 rg BT 319.09 256.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 360.31 256.25 Td (downturns ) Tj ET Q q 0 0 0 rg BT 404.88 256.25 Td (or ) Tj ET Q q 0 0 0 rg BT 415.56 256.25 Td (general ) Tj ET Q q 0 0 0 rg BT 447.33 256.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 488.55 256.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 532.56 256.25 Td (beyond ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.26 244.25 Td (control ) Tj ET Q q 0 0 0 rg BT 95.52 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.89 244.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 143.27 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.42 244.25 Td (control ) Tj ET Q q 0 0 0 rg BT 187.68 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.94 244.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 240.42 244.25 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 285.40 244.25 Td (In ) Tj ET Q q 0 0 0 rg BT 295.66 244.25 Td (particular) Tj ET Q q 0 0 0 rg BT 333.57 244.25 Td (, ) Tj ET Q q 0 0 0 rg BT 338.01 244.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 355.50 244.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 376.31 244.25 Td (on ) Tj ET Q q 0 0 0 rg BT 388.25 244.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 428.50 244.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 454.87 244.25 Td (may ) Tj ET Q q 0 0 0 rg BT 474.02 244.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 508.71 244.25 Td (due ) Tj ET Q q 0 0 0 rg BT 525.08 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.79 244.25 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (such ) Tj ET Q q 0 0 0 rg BT 71.17 232.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.34 232.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 125.72 232.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 157.99 232.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 182.20 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.26 232.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 215.08 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.25 232.25 Td (unemployment, ) Tj ET Q q 0 0 0 rg BT 291.58 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.64 232.25 Td (level ) Tj ET Q q 0 0 0 rg BT 328.91 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.08 232.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 381.79 232.25 Td (confidence, ) Tj ET Q q 0 0 0 rg BT 430.99 232.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 475.48 232.25 Td (real ) Tj ET Q q 0 0 0 rg BT 493.30 232.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 518.91 232.25 Td (values, ) Tj ET Q q 0 0 0 rg BT 549.79 232.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (value ) Tj ET Q q 0 0 0 rg BT 74.58 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.84 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.99 220.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 121.70 220.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 144.63 220.25 Td (, ) Tj ET Q q 0 0 0 rg BT 150.05 220.25 Td (ener) Tj ET Q q 0 0 0 rg BT 167.08 220.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 180.01 220.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 209.31 220.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 244.45 220.25 Td (in ) Tj ET Q q 0 0 0 rg BT 255.16 220.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 296.96 220.25 Td (spending, ) Tj ET Q q 0 0 0 rg BT 338.50 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.65 220.25 Td (number ) Tj ET Q q 0 0 0 rg BT 387.12 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.38 220.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 435.19 220.25 Td (bankruptcies, ) Tj ET Q q 0 0 0 rg BT 491.71 220.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 539.08 220.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 220.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.26 208.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 109.42 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.36 208.25 Td (other ) Tj ET Q q 0 0 0 rg BT 149.40 208.25 Td (factors.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (In ) Tj ET Q q 0 0 0 rg BT 62.39 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.10 178.25 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 114.36 178.25 Td (event ) Tj ET Q q 0 0 0 rg BT 138.95 178.25 Td (that ) Tj ET Q q 0 0 0 rg BT 158.00 178.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 176.52 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.45 178.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 215.13 178.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 256.95 178.25 Td (on ) Tj ET Q q 0 0 0 rg BT 270.45 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.16 178.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 328.54 178.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 353.14 178.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 415.53 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.24 178.25 Td (an ) Tj ET Q q 0 0 0 rg BT 439.73 178.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 482.11 178.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 504.48 178.25 Td (after ) Tj ET Q q 0 0 0 rg BT 526.86 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.57 178.25 Td (final ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 87.50 166.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 109.72 166.25 Td (such ) Tj ET Q q 0 0 0 rg BT 131.67 166.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 166.95 166.25 Td (will ) Tj ET Q q 0 0 0 rg BT 184.46 166.25 Td (not ) Tj ET Q q 0 0 0 rg BT 200.30 166.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 231.66 166.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 273.05 166.25 Td (on ) Tj ET Q q 0 0 0 rg BT 286.11 166.25 Td (that ) Tj ET Q q 0 0 0 rg BT 304.73 166.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 326.67 166.25 Td (after ) Tj ET Q q 0 0 0 rg BT 348.60 166.25 Td (maturity) Tj ET Q q 0 0 0 rg BT 383.24 166.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 136.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 107.55 136.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 128.56 136.25 Td (will ) Tj ET Q q 0 0 0 rg BT 145.68 136.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 175.01 136.25 Td (on ) Tj ET Q q 0 0 0 rg BT 186.58 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.36 136.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 225.26 136.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 260.70 136.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 281.43 136.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 307.99 136.25 Td (any ) Tj ET Q q 0 0 0 rg BT 324.00 136.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 361.11 136.25 Td (or ) Tj ET Q q 0 0 0 rg BT 371.00 136.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 402.00 136.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 441.89 136.25 Td (in ) Tj ET Q q 0 0 0 rg BT 451.24 136.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 481.12 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.02 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.80 136.25 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 91.58 124.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 115.38 124.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 146.41 124.25 Td (due ) Tj ET Q q 0 0 0 rg BT 164.10 124.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.80 124.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 216.15 124.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.19 124.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 244.05 124.25 Td ( ) Tj ET Q q 0 0 0 rg BT 247.31 124.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 270.56 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.04 124.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 312.63 124.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 349.77 124.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 372.18 124.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.22 124.25 Td (which ) Tj ET Q q 0 0 0 rg BT 410.92 124.25 Td (case ) Tj ET Q q 0 0 0 rg BT 431.38 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.86 124.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 484.00 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.58 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.06 124.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 533.76 124.25 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 124.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 106.95 112.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 145.57 112.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.88 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.62 112.25 Td (final ) Tj ET Q q 0 0 0 rg BT 191.47 112.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 227.88 112.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 249.56 112.25 Td (If ) Tj ET Q q 0 0 0 rg BT 258.75 112.25 Td (there ) Tj ET Q q 0 0 0 rg BT 281.26 112.25 Td (are ) Tj ET Q q 0 0 0 rg BT 296.00 112.25 Td (any ) Tj ET Q q 0 0 0 rg BT 312.96 112.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 349.38 112.25 Td (under ) Tj ET Q q 0 0 0 rg BT 374.67 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.41 112.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 449.15 112.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 490.00 112.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 513.07 112.25 Td (still ) Tj ET Q q 0 0 0 rg BT 530.60 112.25 Td (due ) Tj ET Q q 0 0 0 rg BT 547.57 112.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (owing ) Tj ET Q q 0 0 0 rg BT 77.88 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 88.53 100.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 105.39 100.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.27 100.25 Td (on ) Tj ET Q q 0 0 0 rg BT 121.15 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.24 100.25 Td (final ) Tj ET Q q 0 0 0 rg BT 157.45 100.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 194.20 100.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 216.24 100.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 233.10 100.25 Td ( ) Tj ET Q q 0 0 0 rg BT 235.98 100.25 Td (will ) Tj ET Q q 0 0 0 rg BT 254.41 100.25 Td (have ) Tj ET Q q 0 0 0 rg BT 276.16 100.25 Td (no ) Tj ET Q q 0 0 0 rg BT 289.04 100.25 Td (further ) Tj ET Q q 0 0 0 rg BT 319.13 100.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 362.55 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 373.21 100.25 Td (make ) Tj ET Q q 0 0 0 rg BT 397.74 100.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 438.95 100.25 Td (on ) Tj ET Q q 0 0 0 rg BT 451.82 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.92 100.25 Td (related ) Tj ET Q q 0 0 0 rg BT 497.00 100.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 525.70 100.25 Td (even ) Tj ET Q q 0 0 0 rg BT 547.46 100.25 Td (if ) Tj ET Q q 0 0 0 rg BT 556.44 100.25 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 85.25 88.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 126.08 88.25 Td (on ) Tj ET Q q 0 0 0 rg BT 138.58 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.30 88.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 213.00 88.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 253.82 88.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 276.87 88.25 Td (after ) Tj ET Q q 0 0 0 rg BT 297.69 88.25 Td (such ) Tj ET Q q 0 0 0 rg BT 318.52 88.25 Td (date.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.73 742.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 110.81 742.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 139.00 742.25 Td (do ) Tj ET Q q 0 0 0 rg BT 151.62 742.25 Td (not ) Tj ET Q q 0 0 0 rg BT 167.59 742.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 199.10 742.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 243.40 742.25 Td (from ) Tj ET Q q 0 0 0 rg BT 266.02 742.25 Td (incurring ) Tj ET Q q 0 0 0 rg BT 308.11 742.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 352.41 742.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 397.81 742.25 Td (or ) Tj ET Q q 0 0 0 rg BT 409.33 742.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 443.62 742.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 465.96 742.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 483.03 742.25 Td (do ) Tj ET Q q 0 0 0 rg BT 495.66 742.25 Td (they ) Tj ET Q q 0 0 0 rg BT 515.50 742.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 547.01 742.25 Td (any ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 89.94 730.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 138.78 730.25 Td (on ) Tj ET Q q 0 0 0 rg BT 152.06 730.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 196.45 730.25 Td (during ) Tj ET Q q 0 0 0 rg BT 226.96 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.45 730.25 Td (term ) Tj ET Q q 0 0 0 rg BT 264.05 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.10 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.59 730.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 332.76 730.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 359.65 730.25 Td (which ) Tj ET Q q 0 0 0 rg BT 387.38 730.25 Td (may ) Tj ET Q q 0 0 0 rg BT 407.31 730.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 437.79 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.29 730.25 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 497.12 730.25 Td (that ) Tj ET Q q 0 0 0 rg BT 515.95 730.25 Td (an ) Tj ET Q q 0 0 0 rg BT 529.23 730.25 Td (investor ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (will ) Tj ET Q q 0 0 0 rg BT 67.50 718.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 98.87 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.15 718.25 Td (full ) Tj ET Q q 0 0 0 rg BT 131.09 718.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 170.82 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.88 718.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 221.94 718.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 263.33 718.25 Td (that ) Tj ET Q q 0 0 0 rg BT 281.94 718.25 Td (such ) Tj ET Q q 0 0 0 rg BT 303.90 718.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 339.17 718.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 371.66 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 381.94 718.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 413.30 718.25 Td (on ) Tj ET Q q 0 0 0 rg BT 426.36 718.25 Td (a ) Tj ET Q q 0 0 0 rg BT 433.86 718.25 Td (Note.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.25 Td (If ) Tj ET Q q 0 0 0 rg BT 95.45 688.25 Td (a ) Tj ET Q q 0 0 0 rg BT 102.68 688.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 142.13 688.25 Td (incurs ) Tj ET Q q 0 0 0 rg BT 169.36 688.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 212.14 688.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 232.15 688.25 Td (after ) Tj ET Q q 0 0 0 rg BT 253.26 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.27 688.25 Td (date ) Tj ET Q q 0 0 0 rg BT 287.72 688.25 Td (a ) Tj ET Q q 0 0 0 rg BT 294.95 688.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 314.96 688.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 342.76 688.25 Td (is ) Tj ET Q q 0 0 0 rg BT 352.22 688.25 Td (posted, ) Tj ET Q q 0 0 0 rg BT 383.62 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.63 688.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 441.42 688.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 461.42 688.25 Td (may ) Tj ET Q q 0 0 0 rg BT 481.43 688.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 510.33 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.34 688.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 553.69 688.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.37 676.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 106.39 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 116.54 676.25 Td (make ) Tj ET Q q 0 0 0 rg BT 140.57 676.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 181.26 676.25 Td (on ) Tj ET Q q 0 0 0 rg BT 193.64 676.25 Td (his ) Tj ET Q q 0 0 0 rg BT 207.68 676.25 Td (or ) Tj ET Q q 0 0 0 rg BT 218.38 676.25 Td (her ) Tj ET Q q 0 0 0 rg BT 233.52 676.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 274.21 676.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 297.13 676.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 316.44 676.25 Td (as ) Tj ET Q q 0 0 0 rg BT 327.15 676.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 350.35 676.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 379.37 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.95 676.25 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 436.88 676.25 Td (that ) Tj ET Q q 0 0 0 rg BT 454.25 676.25 Td (an ) Tj ET Q q 0 0 0 rg BT 466.06 676.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 500.64 676.25 Td (will ) Tj ET Q q 0 0 0 rg BT 518.57 676.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 549.81 676.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 87.67 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.23 664.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 135.79 664.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 176.24 664.25 Td (that ) Tj ET Q q 0 0 0 rg BT 193.35 664.25 Td (such ) Tj ET Q q 0 0 0 rg BT 213.81 664.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 248.15 664.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 280.26 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 290.16 664.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 321.15 664.25 Td (on ) Tj ET Q q 0 0 0 rg BT 333.27 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 339.83 664.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 399.17 664.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 423.23 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.35 664.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 464.38 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 469.00 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.34 664.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 525.46 664.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 544.80 664.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.71 652.25 Td (af) Tj ET Q q 0 0 0 rg BT 98.29 652.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 115.67 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.28 652.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 175.01 652.25 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 243.49 652.25 Td (generally) Tj ET Q q 0 0 0 rg BT 280.05 652.25 Td (, ) Tj ET Q q 0 0 0 rg BT 284.94 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.77 652.25 Td (could ) Tj ET Q q 0 0 0 rg BT 326.37 652.25 Td (result ) Tj ET Q q 0 0 0 rg BT 350.98 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.15 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.75 652.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 413.13 652.25 Td (distress, ) Tj ET Q q 0 0 0 rg BT 448.02 652.25 Td (insolvency) Tj ET Q q 0 0 0 rg BT 490.69 652.25 Td (, ) Tj ET Q q 0 0 0 rg BT 495.58 652.25 Td (or ) Tj ET Q q 0 0 0 rg BT 506.30 652.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 553.68 652.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.91 640.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 101.00 640.25 Td (. ) Tj ET Q q 0 0 0 rg BT 106.00 640.25 Td (T) Tj ET Q q 0 0 0 rg BT 111.41 640.25 Td (o ) Tj ET Q q 0 0 0 rg BT 119.10 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.01 640.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 161.13 640.25 Td (that ) Tj ET Q q 0 0 0 rg BT 178.81 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.72 640.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 233.06 640.25 Td (has ) Tj ET Q q 0 0 0 rg BT 249.08 640.25 Td (or ) Tj ET Q q 0 0 0 rg BT 260.10 640.25 Td (incurs ) Tj ET Q q 0 0 0 rg BT 287.23 640.25 Td (other ) Tj ET Q q 0 0 0 rg BT 310.46 640.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 364.81 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.94 640.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 411.28 640.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 428.41 640.25 Td (all ) Tj ET Q q 0 0 0 rg BT 441.09 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.11 640.25 Td (his ) Tj ET Q q 0 0 0 rg BT 466.47 640.25 Td (or ) Tj ET Q q 0 0 0 rg BT 477.49 640.25 Td (her ) Tj ET Q q 0 0 0 rg BT 492.95 640.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 549.79 640.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 89.15 628.25 Td (may ) Tj ET Q q 0 0 0 rg BT 108.87 628.25 Td (choose ) Tj ET Q q 0 0 0 rg BT 139.14 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.41 628.25 Td (make ) Tj ET Q q 0 0 0 rg BT 173.57 628.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 214.39 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.67 628.25 Td (other ) Tj ET Q q 0 0 0 rg BT 247.72 628.25 Td (creditors, ) Tj ET Q q 0 0 0 rg BT 287.71 628.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 313.52 628.25 Td (than ) Tj ET Q q 0 0 0 rg BT 333.24 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.52 628.25 Td (PFL.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 598.25 Td (o ) Tj ET Q q 0 0 0 rg BT 98.71 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.22 598.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 139.95 598.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 182.79 598.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 205.64 598.25 Td (other ) Tj ET Q q 0 0 0 rg BT 228.48 598.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 282.43 598.25 Td (that ) Tj ET Q q 0 0 0 rg BT 299.73 598.25 Td (is ) Tj ET Q q 0 0 0 rg BT 308.69 598.25 Td (secured, ) Tj ET Q q 0 0 0 rg BT 344.03 598.25 Td (such ) Tj ET Q q 0 0 0 rg BT 364.65 598.25 Td (as ) Tj ET Q q 0 0 0 rg BT 375.28 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 382.02 598.25 Td (mortgage, ) Tj ET Q q 0 0 0 rg BT 424.58 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 431.31 598.25 Td (home ) Tj ET Q q 0 0 0 rg BT 455.83 598.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 483.12 598.25 Td (line ) Tj ET Q q 0 0 0 rg BT 500.41 598.25 Td (or ) Tj ET Q q 0 0 0 rg BT 511.04 598.25 Td (an ) Tj ET Q q 0 0 0 rg BT 522.78 598.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 542.29 598.25 Td (loan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.18 586.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 93.69 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.99 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.17 586.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 153.67 586.25 Td (creditors ) Tj ET Q q 0 0 0 rg BT 191.62 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.36 586.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 238.07 586.25 Td (remedies ) Tj ET Q q 0 0 0 rg BT 277.13 586.25 Td (against ) Tj ET Q q 0 0 0 rg BT 308.42 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.60 586.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.89 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.18 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.36 586.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 415.98 586.25 Td (may ) Tj ET Q q 0 0 0 rg BT 436.16 586.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 465.22 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.40 586.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 525.71 586.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.22 586.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 74.49 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.99 574.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 129.60 574.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 152.43 574.25 Td (on ) Tj ET Q q 0 0 0 rg BT 164.71 574.25 Td (which ) Tj ET Q q 0 0 0 rg BT 191.43 574.25 Td (an ) Tj ET Q q 0 0 0 rg BT 203.16 574.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 243.35 574.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 265.07 574.25 Td (is ) Tj ET Q q 0 0 0 rg BT 274.03 574.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 317.41 574.25 Td (for ) Tj ET Q q 0 0 0 rg BT 331.35 574.25 Td (payment. ) Tj ET Q q 0 0 0 rg BT 370.57 574.25 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 415.06 574.25 Td (may ) Tj ET Q q 0 0 0 rg BT 434.57 574.25 Td (also ) Tj ET Q q 0 0 0 rg BT 452.96 574.25 Td (choose ) Tj ET Q q 0 0 0 rg BT 483.01 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.07 574.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 517.56 574.25 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.23 562.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 106.22 562.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 159.33 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 169.12 562.25 Td (other ) Tj ET Q q 0 0 0 rg BT 191.13 562.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 233.12 562.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 286.23 562.25 Td (before ) Tj ET Q q 0 0 0 rg BT 313.23 562.25 Td (repaying ) Tj ET Q q 0 0 0 rg BT 349.67 562.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 389.45 562.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 415.34 562.25 Td (because ) Tj ET Q q 0 0 0 rg BT 448.45 562.25 Td (there ) Tj ET Q q 0 0 0 rg BT 469.89 562.25 Td (is ) Tj ET Q q 0 0 0 rg BT 478.02 562.25 Td (no ) Tj ET Q q 0 0 0 rg BT 489.48 562.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 528.13 562.25 Td (securing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 550.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 105.54 550.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 134.42 550.25 Td (An ) Tj ET Q q 0 0 0 rg BT 149.15 550.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 183.86 550.25 Td (will ) Tj ET Q q 0 0 0 rg BT 201.92 550.25 Td (not ) Tj ET Q q 0 0 0 rg BT 217.20 550.25 Td (be ) Tj ET Q q 0 0 0 rg BT 229.14 550.25 Td (notified ) Tj ET Q q 0 0 0 rg BT 262.74 550.25 Td (if ) Tj ET Q q 0 0 0 rg BT 271.35 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 278.29 550.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 317.44 550.25 Td (incurs ) Tj ET Q q 0 0 0 rg BT 344.38 550.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 386.87 550.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 406.58 550.25 Td (after ) Tj ET Q q 0 0 0 rg BT 427.40 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.11 550.25 Td (date ) Tj ET Q q 0 0 0 rg BT 461.27 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 468.21 550.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 487.92 550.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 515.43 550.25 Td (is ) Tj ET Q q 0 0 0 rg BT 524.60 550.25 Td (posted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 535.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.12 520.25 Td ( ) Tj ET Q q 0 0 0 rg BT 58.70 520.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 99.06 520.25 Td (may ) Tj ET Q q 0 0 0 rg BT 118.86 520.25 Td (request ) Tj ET Q q 0 0 0 rg BT 151.44 520.25 Td (that ) Tj ET Q q 0 0 0 rg BT 170.14 520.25 Td (his ) Tj ET Q q 0 0 0 rg BT 184.95 520.25 Td (or ) Tj ET Q q 0 0 0 rg BT 196.42 520.25 Td (her ) Tj ET Q q 0 0 0 rg BT 212.90 520.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 236.04 520.25 Td ("chargeback" ) Tj ET Q q 0 0 0 rg BT 297.49 520.25 Td (a ) Tj ET Q q 0 0 0 rg BT 305.07 520.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 342.65 520.25 Td (on ) Tj ET Q q 0 0 0 rg BT 355.79 520.25 Td (a ) Tj ET Q q 0 0 0 rg BT 363.37 520.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 405.40 520.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 429.65 520.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 453.36 520.25 Td (which ) Tj ET Q q 0 0 0 rg BT 480.95 520.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.53 520.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 510.55 520.25 Td (is ) Tj ET Q q 0 0 0 rg BT 519.80 520.25 Td (dependent ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (for ) Tj ET Q q 0 0 0 rg BT 65.08 508.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 102.94 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.37 508.25 Td (request ) Tj ET Q q 0 0 0 rg BT 154.23 508.25 Td (a ) Tj ET Q q 0 0 0 rg BT 162.09 508.25 Td (refund ) Tj ET Q q 0 0 0 rg BT 192.74 508.25 Td (on ) Tj ET Q q 0 0 0 rg BT 206.16 508.25 Td (that ) Tj ET Q q 0 0 0 rg BT 225.14 508.25 Td (payment, ) Tj ET Q q 0 0 0 rg BT 265.50 508.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 305.04 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 316.25 508.25 Td (a ) Tj ET Q q 0 0 0 rg BT 324.11 508.25 Td (delinquency ) Tj ET Q q 0 0 0 rg BT 376.97 508.25 Td (on ) Tj ET Q q 0 0 0 rg BT 390.39 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.03 508.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 443.89 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.31 508.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.18 508.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 505.82 508.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 543.12 508.25 Td (cash ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 84.72 496.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.56 496.25 Td (an ) Tj ET Q q 0 0 0 rg BT 108.62 496.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 150.57 496.25 Td (account.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.25 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.41 466.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 134.80 466.25 Td (char) Tj ET Q q 0 0 0 rg BT 151.82 466.25 Td (geback ) Tj ET Q q 0 0 0 rg BT 182.88 466.25 Td (is ) Tj ET Q q 0 0 0 rg BT 192.29 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 199.46 466.25 Td (process ) Tj ET Q q 0 0 0 rg BT 232.19 466.25 Td (by ) Tj ET Q q 0 0 0 rg BT 244.93 466.25 Td (which ) Tj ET Q q 0 0 0 rg BT 272.11 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 279.28 466.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 318.67 466.25 Td (who ) Tj ET Q q 0 0 0 rg BT 338.63 466.25 Td (has ) Tj ET Q q 0 0 0 rg BT 354.70 466.25 Td (made ) Tj ET Q q 0 0 0 rg BT 379.09 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 386.27 466.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 423.44 466.25 Td (on ) Tj ET Q q 0 0 0 rg BT 436.18 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 443.36 466.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 484.42 466.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 507.70 466.25 Td (has ) Tj ET Q q 0 0 0 rg BT 523.77 466.25 Td (his ) Tj ET Q q 0 0 0 rg BT 538.18 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 549.25 466.25 Td (her ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 72.04 454.25 Td (cancel ) Tj ET Q q 0 0 0 rg BT 100.18 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.00 454.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 152.04 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 162.98 454.25 Td (request ) Tj ET Q q 0 0 0 rg BT 194.46 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.50 454.25 Td (refund ) Tj ET Q q 0 0 0 rg BT 230.21 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.14 454.25 Td (that ) Tj ET Q q 0 0 0 rg BT 258.74 454.25 Td (payment. ) Tj ET Q q 0 0 0 rg BT 298.09 454.25 Td (W) Tj ET Q q 0 0 0 rg BT 306.73 454.25 Td (e ) Tj ET Q q 0 0 0 rg BT 313.77 454.25 Td (withhold ) Tj ET Q q 0 0 0 rg BT 351.93 454.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 392.86 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.25 454.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 441.96 454.25 Td (up ) Tj ET Q q 0 0 0 rg BT 454.56 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.95 454.25 Td (six ) Tj ET Q q 0 0 0 rg BT 479.22 454.25 Td (business ) Tj ET Q q 0 0 0 rg BT 515.72 454.25 Td (days ) Tj ET Q q 0 0 0 rg BT 536.65 454.25 Td (after ) Tj ET Q q 0 0 0 rg BT 557.58 454.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.68 442.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 118.81 442.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 155.72 442.25 Td (is ) Tj ET Q q 0 0 0 rg BT 164.87 442.25 Td (initiated. ) Tj ET Q q 0 0 0 rg BT 202.62 442.25 Td (If ) Tj ET Q q 0 0 0 rg BT 211.76 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.46 442.25 Td (char) Tj ET Q q 0 0 0 rg BT 243.48 442.25 Td (geback ) Tj ET Q q 0 0 0 rg BT 274.28 442.25 Td (occurs ) Tj ET Q q 0 0 0 rg BT 302.86 442.25 Td (six ) Tj ET Q q 0 0 0 rg BT 317.01 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 327.82 442.25 Td (more ) Tj ET Q q 0 0 0 rg BT 350.84 442.25 Td (days ) Tj ET Q q 0 0 0 rg BT 371.65 442.25 Td (after ) Tj ET Q q 0 0 0 rg BT 392.45 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.14 442.25 Td (initiation ) Tj ET Q q 0 0 0 rg BT 445.73 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.54 442.25 Td (payment, ) Tj ET Q q 0 0 0 rg BT 495.95 442.25 Td (an ) Tj ET Q q 0 0 0 rg BT 507.87 442.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 542.57 442.25 Td (must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 67.70 430.25 Td (on ) Tj ET Q q 0 0 0 rg BT 79.85 430.25 Td (us ) Tj ET Q q 0 0 0 rg BT 90.89 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.82 430.25 Td (contest ) Tj ET Q q 0 0 0 rg BT 131.29 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.66 430.25 Td (char) Tj ET Q q 0 0 0 rg BT 162.68 430.25 Td (geback ) Tj ET Q q 0 0 0 rg BT 193.15 430.25 Td (if ) Tj ET Q q 0 0 0 rg BT 201.41 430.25 Td (we ) Tj ET Q q 0 0 0 rg BT 215.22 430.25 Td (deem ) Tj ET Q q 0 0 0 rg BT 239.02 430.25 Td (it ) Tj ET Q q 0 0 0 rg BT 246.73 430.25 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 296.91 430.25 Td (If ) Tj ET Q q 0 0 0 rg BT 305.72 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 312.31 430.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 351.11 430.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 402.14 430.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 442.61 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 449.20 430.25 Td (char) Tj ET Q q 0 0 0 rg BT 466.22 430.25 Td (geback ) Tj ET Q q 0 0 0 rg BT 496.69 430.25 Td (six ) Tj ET Q q 0 0 0 rg BT 510.51 430.25 Td (or ) Tj ET Q q 0 0 0 rg BT 520.99 430.25 Td (more ) Tj ET Q q 0 0 0 rg BT 543.68 430.25 Td (days ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (after ) Tj ET Q q 0 0 0 rg BT 70.88 418.25 Td (initiation ) Tj ET Q q 0 0 0 rg BT 109.55 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.44 418.25 Td (payment, ) Tj ET Q q 0 0 0 rg BT 159.93 418.25 Td (such ) Tj ET Q q 0 0 0 rg BT 180.82 418.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 217.82 418.25 Td (will ) Tj ET Q q 0 0 0 rg BT 235.94 418.25 Td (be ) Tj ET Q q 0 0 0 rg BT 247.93 418.25 Td (deducted ) Tj ET Q q 0 0 0 rg BT 286.59 418.25 Td (from ) Tj ET Q q 0 0 0 rg BT 308.59 418.25 Td (an ) Tj ET Q q 0 0 0 rg BT 320.59 418.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 361.06 418.25 Td (account, ) Tj ET Q q 0 0 0 rg BT 397.21 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.21 418.25 Td (if ) Tj ET Q q 0 0 0 rg BT 422.88 418.25 Td (such ) Tj ET Q q 0 0 0 rg BT 443.77 418.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 478.55 418.25 Td (has ) Tj ET Q q 0 0 0 rg BT 494.44 418.25 Td (withdrawn ) Tj ET Q q 0 0 0 rg BT 539.77 418.25 Td (funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.77 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.97 406.25 Td (interim, ) Tj ET Q q 0 0 0 rg BT 110.34 406.25 Td (a ) Tj ET Q q 0 0 0 rg BT 117.77 406.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 154.63 406.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 175.39 406.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 208.91 406.25 Td (may ) Tj ET Q q 0 0 0 rg BT 229.11 406.25 Td (result. ) Tj ET Q q 0 0 0 rg BT 256.16 406.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 295.81 406.25 Td (received ) Tj ET Q q 0 0 0 rg BT 332.67 406.25 Td (on ) Tj ET Q q 0 0 0 rg BT 345.65 406.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 386.96 406.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 414.39 406.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 474.58 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.35 406.25 Td (an ) Tj ET Q q 0 0 0 rg BT 497.78 406.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 538.68 406.25 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.50 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.12 394.25 Td (deposited ) Tj ET Q q 0 0 0 rg BT 147.62 394.25 Td (into ) Tj ET Q q 0 0 0 rg BT 165.36 394.25 Td (such ) Tj ET Q q 0 0 0 rg BT 185.86 394.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 225.95 394.25 Td (account ) Tj ET Q q 0 0 0 rg BT 259.22 394.25 Td (are ) Tj ET Q q 0 0 0 rg BT 273.61 394.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 304.11 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.07 394.25 Td (set-of) Tj ET Q q 0 0 0 rg BT 336.66 394.25 Td (f ) Tj ET Q q 0 0 0 rg BT 342.16 394.25 Td (against ) Tj ET Q q 0 0 0 rg BT 372.67 394.25 Td (any ) Tj ET Q q 0 0 0 rg BT 389.28 394.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 425.33 394.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 458.04 394.25 Td (or ) Tj ET Q q 0 0 0 rg BT 468.55 394.25 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 504.05 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 514.01 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.40 394.25 Td (account.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 104.36 364.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 138.19 364.25 Td (is ) Tj ET Q q 0 0 0 rg BT 147.57 364.25 Td (a ) Tj ET Q q 0 0 0 rg BT 155.27 364.25 Td (new ) Tj ET Q q 0 0 0 rg BT 174.65 364.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 208.48 364.25 Td (method ) Tj ET Q q 0 0 0 rg BT 241.74 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.01 364.25 Td (our ) Tj ET Q q 0 0 0 rg BT 277.17 364.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 330.42 364.25 Td (has ) Tj ET Q q 0 0 0 rg BT 347.58 364.25 Td (a ) Tj ET Q q 0 0 0 rg BT 355.29 364.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 386.33 364.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 428.48 364.25 Td (history) Tj ET Q q 0 0 0 rg BT 456.45 364.25 Td (. ) Tj ET Q q 0 0 0 rg BT 461.66 364.25 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 507.71 364.25 Td (may ) Tj ET Q q 0 0 0 rg BT 527.63 364.25 Td (not ) Tj ET Q q 0 0 0 rg BT 543.68 364.25 Td (view ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.39 352.25 Td (treat ) Tj ET Q q 0 0 0 rg BT 82.78 352.25 Td (their ) Tj ET Q q 0 0 0 rg BT 104.73 352.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 152.79 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 163.07 352.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 181.59 352.25 Td ( ) Tj ET Q q 0 0 0 rg BT 184.09 352.25 Td (as ) Tj ET Q q 0 0 0 rg BT 195.48 352.25 Td (having ) Tj ET Q q 0 0 0 rg BT 226.32 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.60 352.25 Td (same ) Tj ET Q q 0 0 0 rg BT 265.21 352.25 Td (significance ) Tj ET Q q 0 0 0 rg BT 317.70 352.25 Td (as ) Tj ET Q q 0 0 0 rg BT 329.09 352.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 353.82 352.25 Td (from ) Tj ET Q q 0 0 0 rg BT 376.32 352.25 Td (traditional ) Tj ET Q q 0 0 0 rg BT 422.17 352.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 455.79 352.25 Td (sources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.03 322.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 150.40 322.25 Td (return ) Tj ET Q q 0 0 0 rg BT 176.76 322.25 Td (on ) Tj ET Q q 0 0 0 rg BT 189.24 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.94 322.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 229.76 322.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 265.01 322.25 Td (on ) Tj ET Q q 0 0 0 rg BT 277.50 322.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 320.52 322.25 Td (fulfilling ) Tj ET Q q 0 0 0 rg BT 358.56 322.25 Td (their ) Tj ET Q q 0 0 0 rg BT 379.37 322.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 416.29 322.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 463.21 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 473.48 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 480.40 322.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 508.44 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.36 322.25 Td (complete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 82.98 310.25 Td (under ) Tj ET Q q 0 0 0 rg BT 108.74 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.94 310.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 184.14 310.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 225.45 310.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 251.49 310.25 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 296.69 310.25 Td (may ) Tj ET Q q 0 0 0 rg BT 316.90 310.25 Td (not ) Tj ET Q q 0 0 0 rg BT 332.67 310.25 Td (view ) Tj ET Q q 0 0 0 rg BT 355.10 310.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 406.95 310.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 439.93 310.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 487.37 310.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 530.90 310.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.58 298.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 118.69 298.25 Td (as ) Tj ET Q q 0 0 0 rg BT 130.27 298.25 Td (having ) Tj ET Q q 0 0 0 rg BT 160.73 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.20 298.25 Td (same ) Tj ET Q q 0 0 0 rg BT 200.00 298.25 Td (significance ) Tj ET Q q 0 0 0 rg BT 251.56 298.25 Td (as ) Tj ET Q q 0 0 0 rg BT 263.13 298.25 Td (other ) Tj ET Q q 0 0 0 rg BT 286.93 298.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 312.94 298.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 360.64 298.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 391.10 298.25 Td (under ) Tj ET Q q 0 0 0 rg BT 417.12 298.25 Td (more ) Tj ET Q q 0 0 0 rg BT 440.92 298.25 Td (traditional ) Tj ET Q q 0 0 0 rg BT 485.27 298.25 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 547.66 298.25 Td (If ) Tj ET Q q 0 0 0 rg BT 557.57 298.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 89.00 286.25 Td (neglects ) Tj ET Q q 0 0 0 rg BT 124.11 286.25 Td (his ) Tj ET Q q 0 0 0 rg BT 138.13 286.25 Td (or ) Tj ET Q q 0 0 0 rg BT 148.81 286.25 Td (her ) Tj ET Q q 0 0 0 rg BT 163.93 286.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 200.72 286.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 247.51 286.25 Td (on ) Tj ET Q q 0 0 0 rg BT 259.86 286.25 Td (a ) Tj ET Q q 0 0 0 rg BT 266.65 286.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 307.32 286.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 330.22 286.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 352.57 286.25 Td (which ) Tj ET Q q 0 0 0 rg BT 379.35 286.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 416.14 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.82 286.25 Td (an ) Tj ET Q q 0 0 0 rg BT 438.61 286.25 Td (Investor's ) Tj ET Q q 0 0 0 rg BT 479.42 286.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 501.21 286.25 Td (is ) Tj ET Q q 0 0 0 rg BT 510.23 286.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 553.67 286.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (chooses ) Tj ET Q q 0 0 0 rg BT 83.99 274.25 Td (not ) Tj ET Q q 0 0 0 rg BT 99.10 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.21 274.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 133.75 274.25 Td (his ) Tj ET Q q 0 0 0 rg BT 147.75 274.25 Td (or ) Tj ET Q q 0 0 0 rg BT 158.41 274.25 Td (her ) Tj ET Q q 0 0 0 rg BT 173.51 274.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 214.17 274.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 237.04 274.25 Td (entirely) Tj ET Q q 0 0 0 rg BT 266.94 274.25 Td (, ) Tj ET Q q 0 0 0 rg BT 271.77 274.25 Td (such ) Tj ET Q q 0 0 0 rg BT 292.43 274.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 326.98 274.25 Td (may ) Tj ET Q q 0 0 0 rg BT 346.53 274.25 Td (not ) Tj ET Q q 0 0 0 rg BT 361.64 274.25 Td (be ) Tj ET Q q 0 0 0 rg BT 373.41 274.25 Td (able ) Tj ET Q q 0 0 0 rg BT 392.39 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 402.50 274.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 434.81 274.25 Td (any ) Tj ET Q q 0 0 0 rg BT 451.58 274.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 482.80 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.46 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.01 274.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 554.22 274.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 262.25 Td (Note.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.17 232.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 122.22 232.25 Td (may ) Tj ET Q q 0 0 0 rg BT 141.93 232.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 158.32 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 168.60 232.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 200.53 232.25 Td (with ) Tj ET Q q 0 0 0 rg BT 220.82 232.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 265.53 232.25 Td (law) Tj ET Q q 0 0 0 rg BT 279.61 232.25 Td (, ) Tj ET Q q 0 0 0 rg BT 284.61 232.25 Td (which ) Tj ET Q q 0 0 0 rg BT 312.12 232.25 Td (could ) Tj ET Q q 0 0 0 rg BT 337.40 232.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 358.79 232.25 Td (our ) Tj ET Q q 0 0 0 rg BT 375.74 232.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 403.79 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.07 232.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 443.22 232.25 Td (on ) Tj ET Q q 0 0 0 rg BT 456.28 232.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 498.24 232.25 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 202.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.77 202.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 144.32 202.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 170.99 202.25 Td (are ) Tj ET Q q 0 0 0 rg BT 185.42 202.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 215.97 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.98 202.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 255.96 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.62 202.25 Td (state ) Tj ET Q q 0 0 0 rg BT 293.17 202.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 334.28 202.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 377.04 202.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 400.10 202.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 417.88 202.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 468.96 202.25 Td (may ) Tj ET Q q 0 0 0 rg BT 488.41 202.25 Td (not ) Tj ET Q q 0 0 0 rg BT 503.41 202.25 Td (always ) Tj ET Q q 0 0 0 rg BT 533.41 202.25 Td (be, ) Tj ET Q q 0 0 0 rg BT 547.57 202.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.20 190.25 Td (not ) Tj ET Q q 0 0 0 rg BT 83.96 190.25 Td (always ) Tj ET Q q 0 0 0 rg BT 113.72 190.25 Td (have ) Tj ET Q q 0 0 0 rg BT 134.58 190.25 Td (been, ) Tj ET Q q 0 0 0 rg BT 157.94 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.71 190.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 215.78 190.25 Td (with ) Tj ET Q q 0 0 0 rg BT 235.54 190.25 Td (these ) Tj ET Q q 0 0 0 rg BT 258.07 190.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 280.89 190.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 311.20 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 320.96 190.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 352.94 190.25 Td (with ) Tj ET Q q 0 0 0 rg BT 372.71 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.91 190.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 407.22 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.65 190.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 466.72 190.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 520.91 190.25 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.53 178.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.61 178.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 128.21 178.25 Td (may) Tj ET Q q 0 0 0 rg BT 144.78 178.25 Td (, ) Tj ET Q q 0 0 0 rg BT 150.03 178.25 Td (among ) Tj ET Q q 0 0 0 rg BT 180.00 178.25 Td (other ) Tj ET Q q 0 0 0 rg BT 203.29 178.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 232.99 178.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 254.63 178.25 Td (our ) Tj ET Q q 0 0 0 rg BT 270.71 178.25 Td (or ) Tj ET Q q 0 0 0 rg BT 281.79 178.25 Td (a ) Tj ET Q q 0 0 0 rg BT 288.97 178.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 331.15 178.25 Td (agency's ) Tj ET Q q 0 0 0 rg BT 367.91 178.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 396.21 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.74 178.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 436.14 178.25 Td (all ) Tj ET Q q 0 0 0 rg BT 448.88 178.25 Td (or ) Tj ET Q q 0 0 0 rg BT 459.96 178.25 Td (part ) Tj ET Q q 0 0 0 rg BT 478.26 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.34 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.30 178.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 542.59 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 553.67 178.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.93 166.25 Td (on ) Tj ET Q q 0 0 0 rg BT 94.43 166.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 135.25 166.25 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 136.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 136.25 Td (e ) Tj ET Q q 0 0 0 rg BT 102.59 136.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 142.20 136.25 Td (review ) Tj ET Q q 0 0 0 rg BT 172.92 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.65 136.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 244.37 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.21 136.25 Td (these ) Tj ET Q q 0 0 0 rg BT 280.28 136.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 302.12 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.07 136.25 Td (takes ) Tj ET Q q 0 0 0 rg BT 344.13 136.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 384.86 136.25 Td (aimed ) Tj ET Q q 0 0 0 rg BT 412.80 136.25 Td (at ) Tj ET Q q 0 0 0 rg BT 423.54 136.25 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 461.49 136.25 Td (that ) Tj ET Q q 0 0 0 rg BT 480.00 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.73 136.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.57 136.25 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 94.08 124.25 Td (through ) Tj ET Q q 0 0 0 rg BT 128.74 124.25 Td (our ) Tj ET Q q 0 0 0 rg BT 145.61 124.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 198.01 124.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 220.98 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.74 124.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 292.49 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 304.36 124.25 Td (all ) Tj ET Q q 0 0 0 rg BT 317.90 124.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 362.53 124.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 386.90 124.25 Td (However) Tj ET Q q 0 0 0 rg BT 423.15 124.25 Td (, ) Tj ET Q q 0 0 0 rg BT 429.19 124.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 481.06 124.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 530.69 124.25 Td (with ) Tj ET Q q 0 0 0 rg BT 552.01 124.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 93.32 112.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 113.89 112.25 Td (is ) Tj ET Q q 0 0 0 rg BT 122.79 112.25 Td (a ) Tj ET Q q 0 0 0 rg BT 129.47 112.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 166.14 112.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 193.92 112.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.59 112.25 Td (it ) Tj ET Q q 0 0 0 rg BT 218.38 112.25 Td (is ) Tj ET Q q 0 0 0 rg BT 227.29 112.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 262.30 112.25 Td (that ) Tj ET Q q 0 0 0 rg BT 279.53 112.25 Td (our ) Tj ET Q q 0 0 0 rg BT 295.10 112.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 352.87 112.25 Td (may ) Tj ET Q q 0 0 0 rg BT 372.32 112.25 Td (be ) Tj ET Q q 0 0 0 rg BT 383.99 112.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 427.31 112.25 Td (or ) Tj ET Q q 0 0 0 rg BT 437.87 112.25 Td (incorrect. ) Tj ET Q q 0 0 0 rg BT 477.65 112.25 Td (Also, ) Tj ET Q q 0 0 0 rg BT 501.27 112.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 535.72 112.25 Td (in ) Tj ET Q q 0 0 0 rg BT 545.73 112.25 Td (law) Tj ET Q q 0 0 0 rg BT 559.52 112.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (either ) Tj ET Q q 0 0 0 rg BT 75.26 100.25 Td (due ) Tj ET Q q 0 0 0 rg BT 92.19 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.46 100.25 Td (court ) Tj ET Q q 0 0 0 rg BT 125.49 100.25 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 167.70 100.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 211.29 100.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 271.54 100.25 Td (or ) Tj ET Q q 0 0 0 rg BT 282.36 100.25 Td (rulings, ) Tj ET Q q 0 0 0 rg BT 315.13 100.25 Td (or ) Tj ET Q q 0 0 0 rg BT 325.95 100.25 Td (new ) Tj ET Q q 0 0 0 rg BT 345.10 100.25 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 391.76 100.25 Td (may ) Tj ET Q q 0 0 0 rg BT 411.46 100.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 452.27 100.25 Td (af) Tj ET Q q 0 0 0 rg BT 459.86 100.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 477.34 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.04 100.25 Td (collectability ) Tj ET Q q 0 0 0 rg BT 546.74 100.25 Td (of ) Tj ET Q q 0 0 0 rg BT 557.56 100.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.82 88.25 Td (Loan.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.74 742.25 Td (general, ) Tj ET Q q 0 0 0 rg BT 97.64 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.70 742.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 154.44 742.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 182.29 742.25 Td (do ) Tj ET Q q 0 0 0 rg BT 194.58 742.25 Td (not ) Tj ET Q q 0 0 0 rg BT 210.21 742.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 243.61 742.25 Td (any ) Tj ET Q q 0 0 0 rg BT 260.90 742.25 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 316.52 742.25 Td (or ) Tj ET Q q 0 0 0 rg BT 327.70 742.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 358.88 742.25 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 405.90 742.25 Td (If ) Tj ET Q q 0 0 0 rg BT 415.41 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 422.70 742.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 462.77 742.25 Td (defaults ) Tj ET Q q 0 0 0 rg BT 497.83 742.25 Td (on ) Tj ET Q q 0 0 0 rg BT 510.68 742.25 Td (any ) Tj ET Q q 0 0 0 rg BT 527.97 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.59 742.25 Td (his ) Tj ET Q q 0 0 0 rg BT 553.11 742.25 Td (or ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (her ) Tj ET Q q 0 0 0 rg BT 66.45 730.25 Td (other ) Tj ET Q q 0 0 0 rg BT 90.68 730.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 110.45 730.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 161.08 730.25 Td (our ) Tj ET Q q 0 0 0 rg BT 178.09 730.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 206.20 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.53 730.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 245.74 730.25 Td (on ) Tj ET Q q 0 0 0 rg BT 258.86 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.19 730.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 316.21 730.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 340.43 730.25 Td (on ) Tj ET Q q 0 0 0 rg BT 353.55 730.25 Td (which ) Tj ET Q q 0 0 0 rg BT 381.12 730.25 Td (an ) Tj ET Q q 0 0 0 rg BT 394.24 730.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 436.24 730.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 458.24 730.25 Td (is ) Tj ET Q q 0 0 0 rg BT 467.47 730.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 512.24 730.25 Td (for ) Tj ET Q q 0 0 0 rg BT 527.02 730.25 Td (payment ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.72 718.25 Td (be ) Tj ET Q q 0 0 0 rg BT 81.66 718.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 136.39 718.25 Td (impaired.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.65 688.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 146.07 688.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 173.61 688.25 Td (do ) Tj ET Q q 0 0 0 rg BT 186.72 688.25 Td (not ) Tj ET Q q 0 0 0 rg BT 202.60 688.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 235.14 688.25 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 289.88 688.25 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 336.47 688.25 Td (A) Tj ET Q q 0 0 0 rg BT 343.14 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 346.25 688.25 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 400.99 688.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 441.88 688.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 470.52 688.25 Td (a ) Tj ET Q q 0 0 0 rg BT 478.07 688.25 Td (default ) Tj ET Q q 0 0 0 rg BT 508.93 688.25 Td (under ) Tj ET Q q 0 0 0 rg BT 534.80 688.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.56 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 80.24 676.25 Td (a ) Tj ET Q q 0 0 0 rg BT 87.02 676.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 126.02 676.25 Td (an ) Tj ET Q q 0 0 0 rg BT 137.80 676.25 Td (automatic ) Tj ET Q q 0 0 0 rg BT 179.57 676.25 Td (default ) Tj ET Q q 0 0 0 rg BT 209.68 676.25 Td (on ) Tj ET Q q 0 0 0 rg BT 222.03 676.25 Td (other ) Tj ET Q q 0 0 0 rg BT 244.92 676.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 264.48 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.16 676.25 Td (that ) Tj ET Q q 0 0 0 rg BT 292.50 676.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 328.60 676.25 Td (. ) Tj ET Q q 0 0 0 rg BT 333.44 676.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 369.10 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.66 676.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 424.33 676.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 451.11 676.25 Td (do ) Tj ET Q q 0 0 0 rg BT 463.46 676.25 Td (not ) Tj ET Q q 0 0 0 rg BT 478.58 676.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 510.36 676.25 Td (cross-default ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 97.24 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 104.74 664.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 146.13 664.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 169.74 664.25 Td (will ) Tj ET Q q 0 0 0 rg BT 188.36 664.25 Td (not ) Tj ET Q q 0 0 0 rg BT 204.21 664.25 Td (be ) Tj ET Q q 0 0 0 rg BT 216.71 664.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 245.87 664.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 303.36 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 314.21 664.25 Td (default ) Tj ET Q q 0 0 0 rg BT 345.04 664.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 368.11 664.25 Td (that ) Tj ET Q q 0 0 0 rg BT 386.17 664.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 431.58 664.25 Td (default ) Tj ET Q q 0 0 0 rg BT 462.41 664.25 Td (on ) Tj ET Q q 0 0 0 rg BT 475.47 664.25 Td (any ) Tj ET Q q 0 0 0 rg BT 492.98 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.38 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.66 664.25 Td (borrower's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (other ) Tj ET Q q 0 0 0 rg BT 74.03 652.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 94.73 652.25 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 145.15 652.25 Td (If ) Tj ET Q q 0 0 0 rg BT 155.29 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 163.21 652.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 203.34 652.25 Td (defaults ) Tj ET Q q 0 0 0 rg BT 238.48 652.25 Td (on ) Tj ET Q q 0 0 0 rg BT 251.96 652.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 272.66 652.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 320.59 652.25 Td (owed ) Tj ET Q q 0 0 0 rg BT 345.73 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 356.99 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 364.91 652.25 Td (third ) Tj ET Q q 0 0 0 rg BT 387.28 652.25 Td (party ) Tj ET Q q 0 0 0 rg BT 411.30 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.22 652.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 471.03 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.29 652.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 511.88 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.58 652.25 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 97.84 640.25 Td (under ) Tj ET Q q 0 0 0 rg BT 124.00 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.62 640.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 181.33 640.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 207.78 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.39 640.25 Td (third ) Tj ET Q q 0 0 0 rg BT 245.67 640.25 Td (party ) Tj ET Q q 0 0 0 rg BT 269.61 640.25 Td (may ) Tj ET Q q 0 0 0 rg BT 290.23 640.25 Td (seize ) Tj ET Q q 0 0 0 rg BT 313.61 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.22 640.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 374.96 640.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 401.69 640.25 Td (or ) Tj ET Q q 0 0 0 rg BT 413.41 640.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 443.47 640.25 Td (other ) Tj ET Q q 0 0 0 rg BT 467.41 640.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 490.24 640.25 Td (action ) Tj ET Q q 0 0 0 rg BT 518.07 640.25 Td (against ) Tj ET Q q 0 0 0 rg BT 549.79 640.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 89.14 628.25 Td (before ) Tj ET Q q 0 0 0 rg BT 117.18 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.89 628.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 171.03 628.25 Td (defaults ) Tj ET Q q 0 0 0 rg BT 205.18 628.25 Td (on ) Tj ET Q q 0 0 0 rg BT 217.67 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.39 628.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 273.20 628.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 298.74 628.25 Td (which ) Tj ET Q q 0 0 0 rg BT 325.67 628.25 Td (may ) Tj ET Q q 0 0 0 rg BT 345.38 628.25 Td (af) Tj ET Q q 0 0 0 rg BT 352.97 628.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 370.45 628.25 Td (our ) Tj ET Q q 0 0 0 rg BT 386.28 628.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 414.32 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.59 628.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 453.74 628.25 Td (from ) Tj ET Q q 0 0 0 rg BT 475.67 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.38 628.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 529.53 628.25 Td (when ) Tj ET Q q 0 0 0 rg BT 553.68 628.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (if ) Tj ET Q q 0 0 0 rg BT 58.61 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.33 616.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 114.15 616.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 137.19 616.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 174.68 616.25 Td (delinquent.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 95.69 586.25 Td (may ) Tj ET Q q 0 0 0 rg BT 115.25 586.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 135.36 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.48 586.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 194.49 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.16 586.25 Td (debtor ) Tj ET Q q 0 0 0 rg BT 233.61 586.25 Td (relief ) Tj ET Q q 0 0 0 rg BT 257.61 586.25 Td (under ) Tj ET Q q 0 0 0 rg BT 284.41 586.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 315.63 586.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 364.64 586.25 Td (or ) Tj ET Q q 0 0 0 rg BT 375.87 586.25 Td (state ) Tj ET Q q 0 0 0 rg BT 397.10 586.25 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 442.77 586.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 465.95 586.25 Td (which ) Tj ET Q q 0 0 0 rg BT 493.30 586.25 Td (may ) Tj ET Q q 0 0 0 rg BT 512.86 586.25 Td (result ) Tj ET Q q 0 0 0 rg BT 538.55 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.23 586.25 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 103.62 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.45 574.25 Td (an ) Tj ET Q q 0 0 0 rg BT 127.51 574.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 169.46 574.25 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 544.25 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 131.63 544.25 Td (may ) Tj ET Q q 0 0 0 rg BT 152.26 544.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 173.45 544.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 217.41 544.25 Td (under ) Tj ET Q q 0 0 0 rg BT 243.60 544.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 274.77 544.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 323.17 544.25 Td (law ) Tj ET Q q 0 0 0 rg BT 341.03 544.25 Td (or ) Tj ET Q q 0 0 0 rg BT 352.78 544.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 383.97 544.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 408.22 544.25 Td (If ) Tj ET Q q 0 0 0 rg BT 418.29 544.25 Td (a ) Tj ET Q q 0 0 0 rg BT 426.15 544.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 466.22 544.25 Td (files ) Tj ET Q q 0 0 0 rg BT 486.85 544.25 Td (for ) Tj ET Q q 0 0 0 rg BT 501.93 544.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 550.34 544.25 Td (\(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 86.98 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.18 532.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 131.50 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.82 532.25 Td (an ) Tj ET Q q 0 0 0 rg BT 153.25 532.25 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 201.35 532.25 Td (petition\), ) Tj ET Q q 0 0 0 rg BT 239.72 532.25 Td (a ) Tj ET Q q 0 0 0 rg BT 246.15 532.25 Td (stay ) Tj ET Q q 0 0 0 rg BT 264.25 532.25 Td (will ) Tj ET Q q 0 0 0 rg BT 281.80 532.25 Td (go ) Tj ET Q q 0 0 0 rg BT 293.79 532.25 Td (into ) Tj ET Q q 0 0 0 rg BT 311.34 532.25 Td (ef) Tj ET Q q 0 0 0 rg BT 318.92 532.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 335.90 532.25 Td (that ) Tj ET Q q 0 0 0 rg BT 352.89 532.25 Td (will ) Tj ET Q q 0 0 0 rg BT 370.43 532.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 426.85 532.25 Td (put ) Tj ET Q q 0 0 0 rg BT 441.62 532.25 Td (any ) Tj ET Q q 0 0 0 rg BT 458.05 532.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 492.26 532.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 533.68 532.25 Td (actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.40 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.02 520.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 117.74 520.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 140.69 520.25 Td (on ) Tj ET Q q 0 0 0 rg BT 153.10 520.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 173.28 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.12 520.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 222.50 520.25 Td (further ) Tj ET Q q 0 0 0 rg BT 252.11 520.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 293.95 520.25 Td (action ) Tj ET Q q 0 0 0 rg BT 320.78 520.25 Td (absent ) Tj ET Q q 0 0 0 rg BT 348.73 520.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 396.12 520.25 Td (court ) Tj ET Q q 0 0 0 rg BT 419.07 520.25 Td (approval. ) Tj ET Q q 0 0 0 rg BT 458.96 520.25 Td (If ) Tj ET Q q 0 0 0 rg BT 468.02 520.25 Td (we ) Tj ET Q q 0 0 0 rg BT 482.08 520.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 513.34 520.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 540.18 520.25 Td (that ) Tj ET Q q 0 0 0 rg BT 557.58 520.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 90.03 508.25 Td (has ) Tj ET Q q 0 0 0 rg BT 106.74 508.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 128.44 508.25 Td (for ) Tj ET Q q 0 0 0 rg BT 143.48 508.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 187.40 508.25 Td (under ) Tj ET Q q 0 0 0 rg BT 213.54 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.14 508.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 260.27 508.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 308.63 508.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 332.84 508.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.55 508.25 Td (has ) Tj ET Q q 0 0 0 rg BT 361.26 508.25 Td (become ) Tj ET Q q 0 0 0 rg BT 395.73 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.32 508.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 443.03 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.74 508.25 Td (an ) Tj ET Q q 0 0 0 rg BT 467.55 508.25 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 517.03 508.25 Td (bankruptcy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (petition, ) Tj ET Q q 0 0 0 rg BT 85.99 496.25 Td (we ) Tj ET Q q 0 0 0 rg BT 100.59 496.25 Td (will ) Tj ET Q q 0 0 0 rg BT 119.09 496.25 Td (put ) Tj ET Q q 0 0 0 rg BT 134.80 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.96 496.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 195.24 496.25 Td (account ) Tj ET Q q 0 0 0 rg BT 229.28 496.25 Td (into ) Tj ET Q q 0 0 0 rg BT 247.77 496.25 Td ("bankruptcy ) Tj ET Q q 0 0 0 rg BT 299.78 496.25 Td (status." ) Tj ET Q q 0 0 0 rg BT 331.87 496.25 Td (When ) Tj ET Q q 0 0 0 rg BT 358.68 496.25 Td (this ) Tj ET Q q 0 0 0 rg BT 376.07 496.25 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 407.61 496.25 Td (we ) Tj ET Q q 0 0 0 rg BT 422.21 496.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 462.91 496.25 Td (automatic ) Tj ET Q q 0 0 0 rg BT 505.28 496.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 540.90 496.25 Td (ACH ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (debits ) Tj ET Q q 0 0 0 rg BT 75.39 484.25 Td (on ) Tj ET Q q 0 0 0 rg BT 86.89 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.60 484.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 140.43 484.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 162.47 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.41 484.25 Td (we ) Tj ET Q q 0 0 0 rg BT 191.57 484.25 Td (will ) Tj ET Q q 0 0 0 rg BT 208.63 484.25 Td (not ) Tj ET Q q 0 0 0 rg BT 222.91 484.25 Td (undertake ) Tj ET Q q 0 0 0 rg BT 263.83 484.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 304.76 484.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 336.25 484.25 Td (without ) Tj ET Q q 0 0 0 rg BT 368.31 484.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 414.80 484.25 Td (court ) Tj ET Q q 0 0 0 rg BT 436.84 484.25 Td (approval. ) Tj ET Q q 0 0 0 rg BT 475.72 484.25 Td (Whether ) Tj ET Q q 0 0 0 rg BT 511.64 484.25 Td (any ) Tj ET Q q 0 0 0 rg BT 527.58 484.25 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (will ) Tj ET Q q 0 0 0 rg BT 67.69 472.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 110.37 472.25 Td (be ) Tj ET Q q 0 0 0 rg BT 121.94 472.25 Td (made ) Tj ET Q q 0 0 0 rg BT 145.72 472.25 Td (or ) Tj ET Q q 0 0 0 rg BT 156.18 472.25 Td (received ) Tj ET Q q 0 0 0 rg BT 192.18 472.25 Td (on ) Tj ET Q q 0 0 0 rg BT 204.31 472.25 Td (a ) Tj ET Q q 0 0 0 rg BT 210.88 472.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 251.33 472.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 274.01 472.25 Td (after ) Tj ET Q q 0 0 0 rg BT 294.46 472.25 Td (a ) Tj ET Q q 0 0 0 rg BT 301.03 472.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 348.14 472.25 Td (status ) Tj ET Q q 0 0 0 rg BT 373.05 472.25 Td (is ) Tj ET Q q 0 0 0 rg BT 381.85 472.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 417.85 472.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 452.75 472.25 Td (on ) Tj ET Q q 0 0 0 rg BT 464.88 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.23 472.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 523.70 472.25 Td (particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.89 460.25 Td (situation. ) Tj ET Q q 0 0 0 rg BT 125.74 460.25 Td (In ) Tj ET Q q 0 0 0 rg BT 135.98 460.25 Td (most ) Tj ET Q q 0 0 0 rg BT 157.33 460.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 182.84 460.25 Td (however) Tj ET Q q 0 0 0 rg BT 216.87 460.25 Td (, ) Tj ET Q q 0 0 0 rg BT 221.28 460.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 263.72 460.25 Td (creditors ) Tj ET Q q 0 0 0 rg BT 300.62 460.25 Td (such ) Tj ET Q q 0 0 0 rg BT 320.86 460.25 Td (as ) Tj ET Q q 0 0 0 rg BT 331.09 460.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 347.95 460.25 Td ( ) Tj ET Q q 0 0 0 rg BT 349.86 460.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 380.63 460.25 Td (nothing, ) Tj ET Q q 0 0 0 rg BT 415.60 460.25 Td (or ) Tj ET Q q 0 0 0 rg BT 425.84 460.25 Td (only ) Tj ET Q q 0 0 0 rg BT 445.52 460.25 Td (a ) Tj ET Q q 0 0 0 rg BT 451.87 460.25 Td (fraction ) Tj ET Q q 0 0 0 rg BT 484.87 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.11 460.25 Td (their ) Tj ET Q q 0 0 0 rg BT 515.34 460.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.64 448.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 89.00 448.25 Td (as ) Tj ET Q q 0 0 0 rg BT 99.75 448.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.61 448.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 133.75 448.25 Td (an ) Tj ET Q q 0 0 0 rg BT 145.61 448.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 180.25 448.25 Td (who ) Tj ET Q q 0 0 0 rg BT 199.89 448.25 Td (has ) Tj ET Q q 0 0 0 rg BT 215.64 448.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 258.60 448.25 Td (a ) Tj ET Q q 0 0 0 rg BT 265.46 448.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 325.09 448.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 346.95 448.25 Td (may ) Tj ET Q q 0 0 0 rg BT 366.59 448.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 397.88 448.25 Td (none ) Tj ET Q q 0 0 0 rg BT 419.74 448.25 Td (or ) Tj ET Q q 0 0 0 rg BT 430.49 448.25 Td (very ) Tj ET Q q 0 0 0 rg BT 450.68 448.25 Td (little ) Tj ET Q q 0 0 0 rg BT 471.43 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.18 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.82 448.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 526.46 448.25 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 436.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 98.87 436.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 132.47 436.25 Td (on ) Tj ET Q q 0 0 0 rg BT 144.97 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.68 436.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 184.12 436.25 Td (See ) Tj ET Q q 0 0 0 rg BT 201.06 436.25 Td ("About ) Tj ET Q q 0 0 0 rg BT 232.64 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.36 436.25 Td (Marketplace-Loan ) Tj ET Q q 0 0 0 rg BT 323.71 436.25 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 364.53 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.47 436.25 Td (Collection" ) Tj ET Q q 0 0 0 rg BT 429.71 436.25 Td (for ) Tj ET Q q 0 0 0 rg BT 443.87 436.25 Td (more ) Tj ET Q q 0 0 0 rg BT 466.92 436.25 Td (information.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 84.29 406.25 Td (law ) Tj ET Q q 0 0 0 rg BT 100.81 406.25 Td (entitles ) Tj ET Q q 0 0 0 rg BT 132.32 406.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 176.07 406.25 Td (who ) Tj ET Q q 0 0 0 rg BT 195.37 406.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 218.55 406.25 Td (active ) Tj ET Q q 0 0 0 rg BT 244.50 406.25 Td (military ) Tj ET Q q 0 0 0 rg BT 278.79 406.25 Td (service ) Tj ET Q q 0 0 0 rg BT 309.18 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.03 406.25 Td (an ) Tj ET Q q 0 0 0 rg BT 331.66 406.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 364.29 406.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 382.47 406.25 Td (cap ) Tj ET Q q 0 0 0 rg BT 398.98 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.61 406.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 447.57 406.25 Td (other ) Tj ET Q q 0 0 0 rg BT 471.31 406.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 497.29 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 515.48 406.25 Td (may ) Tj ET Q q 0 0 0 rg BT 534.77 406.25 Td (inhibit ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.28 394.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 93.33 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.61 394.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 132.76 394.25 Td (on ) Tj ET Q q 0 0 0 rg BT 145.82 394.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 187.77 394.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 215.83 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.90 394.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 264.17 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.44 394.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 313.62 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.45 394.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 357.51 394.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 377.79 394.25 Td (on ) Tj ET Q q 0 0 0 rg BT 390.85 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.13 394.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 468.08 394.25 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 364.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 118.65 364.25 Td (law ) Tj ET Q q 0 0 0 rg BT 135.75 364.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 172.85 364.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 216.05 364.25 Td (on ) Tj ET Q q 0 0 0 rg BT 228.72 364.25 Td (active ) Tj ET Q q 0 0 0 rg BT 255.25 364.25 Td (military ) Tj ET Q q 0 0 0 rg BT 289.57 364.25 Td (service ) Tj ET Q q 0 0 0 rg BT 320.55 364.25 Td (with ) Tj ET Q q 0 0 0 rg BT 340.99 364.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 366.43 364.25 Td (that ) Tj ET Q q 0 0 0 rg BT 384.09 364.25 Td (may ) Tj ET Q q 0 0 0 rg BT 403.97 364.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 428.29 364.25 Td (or ) Tj ET Q q 0 0 0 rg BT 439.28 364.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 468.05 364.25 Td (our ) Tj ET Q q 0 0 0 rg BT 484.04 364.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 512.26 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.70 364.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 552.01 364.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.51 352.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 98.90 352.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 122.52 352.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 182.80 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.65 352.25 Td (an ) Tj ET Q q 0 0 0 rg BT 206.17 352.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 247.15 352.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 271.94 352.25 Td (The ) Tj ET Q q 0 0 0 rg BT 290.56 352.25 Td (Servicemembers ) Tj ET Q q 0 0 0 rg BT 360.27 352.25 Td (Civil ) Tj ET Q q 0 0 0 rg BT 383.35 352.25 Td (Relief ) Tj ET Q q 0 0 0 rg BT 410.18 352.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 427.69 352.25 Td (\("SCRA"\) ) Tj ET Q q 0 0 0 rg BT 471.71 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.22 352.25 Td (other ) Tj ET Q q 0 0 0 rg BT 512.84 352.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 543.69 352.25 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 71.28 340.25 Td (require ) Tj ET Q q 0 0 0 rg BT 102.55 340.25 Td (that ) Tj ET Q q 0 0 0 rg BT 120.50 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.66 340.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 168.05 340.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 185.99 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 198.94 340.25 Td (preexisting ) Tj ET Q q 0 0 0 rg BT 246.32 340.25 Td (debts, ) Tj ET Q q 0 0 0 rg BT 272.88 340.25 Td (such ) Tj ET Q q 0 0 0 rg BT 294.17 340.25 Td (as ) Tj ET Q q 0 0 0 rg BT 305.45 340.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 346.72 340.25 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 376.61 340.25 Td (be ) Tj ET Q q 0 0 0 rg BT 389.00 340.25 Td (set ) Tj ET Q q 0 0 0 rg BT 403.06 340.25 Td (at ) Tj ET Q q 0 0 0 rg BT 413.23 340.25 Td (no ) Tj ET Q q 0 0 0 rg BT 426.18 340.25 Td (more ) Tj ET Q q 0 0 0 rg BT 449.68 340.25 Td (than ) Tj ET Q q 0 0 0 rg BT 469.85 340.25 Td (6% ) Tj ET Q q 0 0 0 rg BT 486.13 340.25 Td (while ) Tj ET Q q 0 0 0 rg BT 511.30 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.46 340.25 Td (qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (service ) Tj ET Q q 0 0 0 rg BT 80.64 328.25 Td (member ) Tj ET Q q 0 0 0 rg BT 115.73 328.25 Td (or ) Tj ET Q q 0 0 0 rg BT 126.39 328.25 Td (reservist ) Tj ET Q q 0 0 0 rg BT 162.59 328.25 Td (is ) Tj ET Q q 0 0 0 rg BT 171.58 328.25 Td (on ) Tj ET Q q 0 0 0 rg BT 183.91 328.25 Td (active ) Tj ET Q q 0 0 0 rg BT 210.11 328.25 Td (duty) Tj ET Q q 0 0 0 rg BT 227.24 328.25 Td (. ) Tj ET Q q 0 0 0 rg BT 231.55 328.25 Td (A) Tj ET Q q 0 0 0 rg BT 238.22 328.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.54 328.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 268.42 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.07 328.25 Td (a ) Tj ET Q q 0 0 0 rg BT 285.84 328.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 307.60 328.25 Td (that ) Tj ET Q q 0 0 0 rg BT 324.92 328.25 Td (is ) Tj ET Q q 0 0 0 rg BT 333.92 328.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 377.34 328.25 Td (on ) Tj ET Q q 0 0 0 rg BT 389.66 328.25 Td (such ) Tj ET Q q 0 0 0 rg BT 410.32 328.25 Td (a ) Tj ET Q q 0 0 0 rg BT 417.08 328.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 457.73 328.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 480.60 328.25 Td (for ) Tj ET Q q 0 0 0 rg BT 494.59 328.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 531.35 328.25 Td (will ) Tj ET Q q 0 0 0 rg BT 549.23 328.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 81.25 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.86 316.25 Td (dif) Tj ET Q q 0 0 0 rg BT 106.79 316.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 138.60 316.25 Td (between ) Tj ET Q q 0 0 0 rg BT 174.30 316.25 Td (6% ) Tj ET Q q 0 0 0 rg BT 190.02 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.85 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.46 316.25 Td (original ) Tj ET Q q 0 0 0 rg BT 254.96 316.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 280.67 316.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 312.50 316.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 329.88 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 343.93 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.54 316.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 399.25 316.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 422.19 316.25 Td (during ) Tj ET Q q 0 0 0 rg BT 450.69 316.25 Td (any ) Tj ET Q q 0 0 0 rg BT 467.52 316.25 Td (such ) Tj ET Q q 0 0 0 rg BT 488.24 316.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 518.50 316.25 Td (The ) Tj ET Q q 0 0 0 rg BT 536.44 316.25 Td (SCRA) Tj ET Q q 0 0 0 rg BT 562.01 316.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (law ) Tj ET Q q 0 0 0 rg BT 67.36 304.25 Td (also ) Tj ET Q q 0 0 0 rg BT 86.38 304.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 119.29 304.25 Td (courts ) Tj ET Q q 0 0 0 rg BT 146.65 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.35 304.25 Td (stay ) Tj ET Q q 0 0 0 rg BT 176.37 304.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 227.60 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.96 304.25 Td (execution ) Tj ET Q q 0 0 0 rg BT 286.75 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.00 304.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 342.58 304.25 Td (against ) Tj ET Q q 0 0 0 rg BT 373.82 304.25 Td (service ) Tj ET Q q 0 0 0 rg BT 405.06 304.25 Td (members ) Tj ET Q q 0 0 0 rg BT 444.63 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 461.98 304.25 Td (reservists ) Tj ET Q q 0 0 0 rg BT 502.67 304.25 Td (on ) Tj ET Q q 0 0 0 rg BT 515.59 304.25 Td (active ) Tj ET Q q 0 0 0 rg BT 542.38 304.25 Td (duty) Tj ET Q q 0 0 0 rg BT 559.51 304.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 292.25 Td (may ) Tj ET Q q 0 0 0 rg BT 96.66 292.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 120.81 292.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 158.29 292.25 Td (on ) Tj ET Q q 0 0 0 rg BT 170.79 292.25 Td (any ) Tj ET Q q 0 0 0 rg BT 187.72 292.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 228.54 292.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 255.48 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.76 292.25 Td (default, ) Tj ET Q q 0 0 0 rg BT 298.53 292.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 317.96 292.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 364.52 292.25 Td (, ) Tj ET Q q 0 0 0 rg BT 369.52 292.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 410.34 292.25 Td (on ) Tj ET Q q 0 0 0 rg BT 422.84 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.56 292.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 497.27 292.25 Td (Notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 262.25 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 130.63 262.25 Td (October ) Tj ET Q q 0 0 0 rg BT 165.80 262.25 Td (3, ) Tj ET Q q 0 0 0 rg BT 176.26 262.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 201.73 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.91 262.25 Td (Military ) Tj ET Q q 0 0 0 rg BT 252.65 262.25 Td (Lending ) Tj ET Q q 0 0 0 rg BT 288.28 262.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 305.68 262.25 Td (\(MLA\) ) Tj ET Q q 0 0 0 rg BT 346.41 262.25 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 384.93 262.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 424.54 262.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 459.15 262.25 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 505.16 262.25 Td (which ) Tj ET Q q 0 0 0 rg BT 532.56 262.25 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (active ) Tj ET Q q 0 0 0 rg BT 76.89 250.25 Td (military ) Tj ET Q q 0 0 0 rg BT 111.57 250.25 Td (servicemembers ) Tj ET Q q 0 0 0 rg BT 179.56 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.02 250.25 Td (their ) Tj ET Q q 0 0 0 rg BT 218.37 250.25 Td (dependents, ) Tj ET Q q 0 0 0 rg BT 268.87 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.67 250.25 Td (waive ) Tj ET Q q 0 0 0 rg BT 306.57 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.80 250.25 Td (right ) Tj ET Q q 0 0 0 rg BT 343.71 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.51 250.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 376.96 250.25 Td (recourse ) Tj ET Q q 0 0 0 rg BT 413.85 250.25 Td (or ) Tj ET Q q 0 0 0 rg BT 425.20 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 436.00 250.25 Td (submit ) Tj ET Q q 0 0 0 rg BT 466.25 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.04 250.25 Td (arbitration. ) Tj ET Q q 0 0 0 rg BT 524.00 250.25 Td (This ) Tj ET Q q 0 0 0 rg BT 544.79 250.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 74.16 238.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 111.63 238.25 Td (on ) Tj ET Q q 0 0 0 rg BT 124.13 238.25 Td (any ) Tj ET Q q 0 0 0 rg BT 141.07 238.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 175.77 238.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 216.59 238.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 243.53 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.81 238.25 Td (default, ) Tj ET Q q 0 0 0 rg BT 286.57 238.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 306.01 238.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 352.56 238.25 Td (, ) Tj ET Q q 0 0 0 rg BT 357.56 238.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 398.39 238.25 Td (on ) Tj ET Q q 0 0 0 rg BT 410.89 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.61 238.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 485.31 238.25 Td (Notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 208.25 Td (If ) Tj ET Q q 0 0 0 rg BT 93.98 208.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.30 208.25 Td (there ) Tj ET Q q 0 0 0 rg BT 116.61 208.25 Td (are ) Tj ET Q q 0 0 0 rg BT 130.14 208.25 Td (any ) Tj ET Q q 0 0 0 rg BT 145.90 208.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 181.11 208.25 Td (under ) Tj ET Q q 0 0 0 rg BT 205.20 208.25 Td (such ) Tj ET Q q 0 0 0 rg BT 224.85 208.25 Td (a ) Tj ET Q q 0 0 0 rg BT 230.62 208.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 270.26 208.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 292.13 208.25 Td (still ) Tj ET Q q 0 0 0 rg BT 308.45 208.25 Td (due ) Tj ET Q q 0 0 0 rg BT 324.21 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.98 208.25 Td (owing ) Tj ET Q q 0 0 0 rg BT 366.30 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.40 208.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 392.26 208.25 Td ( ) Tj ET Q q 0 0 0 rg BT 393.58 208.25 Td (after ) Tj ET Q q 0 0 0 rg BT 413.22 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.76 208.25 Td (final ) Tj ET Q q 0 0 0 rg BT 446.41 208.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 481.61 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.26 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.80 208.25 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 78.62 196.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 95.48 196.25 Td ( ) Tj ET Q q 0 0 0 rg BT 98.27 196.25 Td (will ) Tj ET Q q 0 0 0 rg BT 116.62 196.25 Td (have ) Tj ET Q q 0 0 0 rg BT 138.29 196.25 Td (no ) Tj ET Q q 0 0 0 rg BT 151.08 196.25 Td (further ) Tj ET Q q 0 0 0 rg BT 181.07 196.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 224.42 196.25 Td (to ) Tj ET Q q 0 0 0 rg BT 234.99 196.25 Td (make ) Tj ET Q q 0 0 0 rg BT 259.43 196.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 300.55 196.25 Td (on ) Tj ET Q q 0 0 0 rg BT 313.34 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.34 196.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 356.97 196.25 Td (even ) Tj ET Q q 0 0 0 rg BT 378.63 196.25 Td (if ) Tj ET Q q 0 0 0 rg BT 387.53 196.25 Td (it ) Tj ET Q q 0 0 0 rg BT 395.88 196.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 431.42 196.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 472.54 196.25 Td (on ) Tj ET Q q 0 0 0 rg BT 485.33 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.34 196.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 541.45 196.25 Td (Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (after ) Tj ET Q q 0 0 0 rg BT 70.58 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.05 184.25 Td (final ) Tj ET Q q 0 0 0 rg BT 105.64 184.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 141.78 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.37 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.85 184.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 194.78 184.25 Td (W) Tj ET Q q 0 0 0 rg BT 203.42 184.25 Td (e ) Tj ET Q q 0 0 0 rg BT 210.11 184.25 Td (do ) Tj ET Q q 0 0 0 rg BT 222.38 184.25 Td (not ) Tj ET Q q 0 0 0 rg BT 237.41 184.25 Td (take ) Tj ET Q q 0 0 0 rg BT 256.33 184.25 Td (military ) Tj ET Q q 0 0 0 rg BT 290.25 184.25 Td (service ) Tj ET Q q 0 0 0 rg BT 320.83 184.25 Td (into ) Tj ET Q q 0 0 0 rg BT 338.65 184.25 Td (account ) Tj ET Q q 0 0 0 rg BT 372.00 184.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.04 184.25 Td (assigning ) Tj ET Q q 0 0 0 rg BT 422.08 184.25 Td (a ) Tj ET Q q 0 0 0 rg BT 428.78 184.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 461.59 184.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 490.52 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.55 184.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 520.03 184.25 Td (listings. ) Tj ET Q q 0 0 0 rg BT 553.69 184.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 87.19 172.25 Td (as ) Tj ET Q q 0 0 0 rg BT 97.43 172.25 Td (part ) Tj ET Q q 0 0 0 rg BT 114.89 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.14 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.27 172.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 177.83 172.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 225.29 172.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 259.69 172.25 Td (we ) Tj ET Q q 0 0 0 rg BT 273.27 172.25 Td (do ) Tj ET Q q 0 0 0 rg BT 285.18 172.25 Td (not ) Tj ET Q q 0 0 0 rg BT 299.87 172.25 Td (request ) Tj ET Q q 0 0 0 rg BT 330.66 172.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 373.12 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.81 172.25 Td (confirm ) Tj ET Q q 0 0 0 rg BT 416.38 172.25 Td (if ) Tj ET Q q 0 0 0 rg BT 424.40 172.25 Td (they ) Tj ET Q q 0 0 0 rg BT 443.54 172.25 Td (are ) Tj ET Q q 0 0 0 rg BT 457.66 172.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 495.11 172.25 Td (service ) Tj ET Q q 0 0 0 rg BT 525.34 172.25 Td (members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 160.25 Td (reservists ) Tj ET Q q 0 0 0 rg BT 101.10 160.25 Td (within ) Tj ET Q q 0 0 0 rg BT 129.16 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.87 160.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 180.81 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.64 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.35 160.25 Td (SCRA) Tj ET Q q 0 0 0 rg BT 231.92 160.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.42 160.25 Td (or ) Tj ET Q q 0 0 0 rg BT 245.25 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.97 160.25 Td (MLA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 130.25 Td (As ) Tj ET Q q 0 0 0 rg BT 99.50 130.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.22 130.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 153.71 130.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.71 130.25 Td (, ) Tj ET Q q 0 0 0 rg BT 178.59 130.25 Td (seventy-three ) Tj ET Q q 0 0 0 rg BT 234.84 130.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 275.55 130.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 302.38 130.25 Td (with ) Tj ET Q q 0 0 0 rg BT 322.54 130.25 Td (an ) Tj ET Q q 0 0 0 rg BT 334.37 130.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 363.97 130.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 401.90 130.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 434.82 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.54 130.25 Td ($655 ) Tj ET Q q 0 0 0 rg BT 467.93 130.25 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 508.92 130.25 Td (are ) Tj ET Q q 0 0 0 rg BT 523.52 130.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.23 130.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 118.25 Td (SCRA.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.75 88.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 103.62 88.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 135.15 88.25 Td (in ) Tj ET Q q 0 0 0 rg BT 146.13 88.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 166.00 88.25 Td (Course ) Tj ET Q q 0 0 0 rg BT 198.10 88.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 220.19 88.25 Td (may ) Tj ET Q q 0 0 0 rg BT 240.06 88.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 294.94 88.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 324.81 88.25 Td (an ) Tj ET Q q 0 0 0 rg BT 338.02 88.25 Td (investor) Tj ET Q q 0 0 0 rg BT 371.17 88.25 Td () Tj ET Q q 0 0 0 rg BT 373.75 88.25 Td (s ) Tj ET Q q 0 0 0 rg BT 380.29 88.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 408.49 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 418.91 88.25 Td (recoup ) Tj ET Q q 0 0 0 rg BT 449.89 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.31 88.25 Td (full ) Tj ET Q q 0 0 0 rg BT 482.41 88.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 522.83 88.25 Td (price ) Tj ET Q q 0 0 0 rg BT 546.03 88.25 Td (of ) Tj ET Q q 0 0 0 rg BT 557.00 88.25 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.94 76.25 Td (or ) Tj ET Q q 0 0 0 rg BT 83.33 76.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.61 76.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 124.97 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.25 76.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 173.31 76.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 214.69 76.25 Td (that ) Tj ET Q q 0 0 0 rg BT 233.31 76.25 Td (such ) Tj ET Q q 0 0 0 rg BT 255.26 76.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 290.54 76.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 323.03 76.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.31 76.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 364.67 76.25 Td (on ) Tj ET Q q 0 0 0 rg BT 377.73 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.01 76.25 Td (Note.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.42 742.10 Td (FTC ) Tj ET Q q 0 0 0 rg BT 123.63 742.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 153.26 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.91 742.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 181.44 742.10 Td (Course ) Tj ET Q q 0 0 0 rg BT 211.64 742.10 Td (Rule, ) Tj ET Q q 0 0 0 rg BT 234.89 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 261.20 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.85 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 299.92 742.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 358.43 742.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 390.29 742.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 432.71 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.35 742.10 Td (assert ) Tj ET Q q 0 0 0 rg BT 466.99 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 483.30 742.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 511.27 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.58 742.10 Td (defenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.49 730.10 Td (they ) Tj ET Q q 0 0 0 rg BT 85.20 730.10 Td (would ) Tj ET Q q 0 0 0 rg BT 111.70 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 132.07 730.10 Td (had ) Tj ET Q q 0 0 0 rg BT 148.01 730.10 Td (against ) Tj ET Q q 0 0 0 rg BT 177.83 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.76 730.10 Td (seller ) Tj ET Q q 0 0 0 rg BT 206.91 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.74 730.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 242.12 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 251.95 730.10 Td (services ) Tj ET Q q 0 0 0 rg BT 285.65 730.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 321.58 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 340.86 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.57 730.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 391.60 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.43 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 407.36 730.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 426.07 730.10 Td (against ) Tj ET Q q 0 0 0 rg BT 455.89 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 466.83 730.10 Td (originator ) Tj ET Q q 0 0 0 rg BT 507.76 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 517.58 730.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 92.23 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.92 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.50 718.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 142.58 718.10 Td (could ) Tj ET Q q 0 0 0 rg BT 168.16 718.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 193.74 718.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 224.30 718.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 268.20 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.34 718.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 301.58 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 323.27 718.10 Td (defenses ) Tj ET Q q 0 0 0 rg BT 361.06 718.10 Td (against ) Tj ET Q q 0 0 0 rg BT 392.75 718.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 409.61 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 412.97 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.11 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.69 718.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 467.49 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.18 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.76 718.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 544.79 718.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (balance. ) Tj ET Q q 0 0 0 rg BT 86.23 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.44 706.10 Td (If ) Tj ET Q q 0 0 0 rg BT 99.30 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 120.83 706.10 Td (defenses ) Tj ET Q q 0 0 0 rg BT 158.46 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 173.87 706.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 225.95 706.10 Td (raised, ) Tj ET Q q 0 0 0 rg BT 255.53 706.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 272.39 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.59 706.10 Td (will ) Tj ET Q q 0 0 0 rg BT 294.35 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 306.99 706.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 336.85 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.83 706.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 377.68 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 390.88 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.30 706.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 426.72 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.36 706.10 Td (it ) Tj ET Q q 0 0 0 rg BT 453.12 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 462.99 706.10 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 498.97 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 517.17 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 534.81 706.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 86.93 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 104.99 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 116.93 694.10 Td (made ) Tj ET Q q 0 0 0 rg BT 141.08 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 153.58 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.30 694.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 228.01 694.10 Td (Notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.37 664.10 Td (death ) Tj ET Q q 0 0 0 rg BT 93.41 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.01 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.27 664.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 151.32 664.10 Td (may ) Tj ET Q q 0 0 0 rg BT 170.80 664.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 225.30 664.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 254.79 664.10 Td (an ) Tj ET Q q 0 0 0 rg BT 267.61 664.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 309.32 664.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 337.14 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.18 664.10 Td (recoup ) Tj ET Q q 0 0 0 rg BT 377.77 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.81 664.10 Td (full ) Tj ET Q q 0 0 0 rg BT 409.52 664.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 449.57 664.10 Td (price ) Tj ET Q q 0 0 0 rg BT 472.38 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.97 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.24 664.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 511.94 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 523.09 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.13 664.10 Td (receive ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.28 652.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 98.33 652.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 139.72 652.10 Td (that ) Tj ET Q q 0 0 0 rg BT 158.34 652.10 Td (such ) Tj ET Q q 0 0 0 rg BT 180.29 652.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 215.57 652.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 248.06 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.33 652.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 289.70 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.76 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.04 652.10 Td (Note.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.07 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.93 622.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 140.99 622.10 Td (dies ) Tj ET Q q 0 0 0 rg BT 159.51 622.10 Td (while ) Tj ET Q q 0 0 0 rg BT 184.14 622.10 Td (his ) Tj ET Q q 0 0 0 rg BT 198.23 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 208.97 622.10 Td (her ) Tj ET Q q 0 0 0 rg BT 224.15 622.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 264.89 622.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 287.85 622.10 Td (is ) Tj ET Q q 0 0 0 rg BT 296.93 622.10 Td (still ) Tj ET Q q 0 0 0 rg BT 314.35 622.10 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 365.93 622.10 Td (generally) Tj ET Q q 0 0 0 rg BT 402.48 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 407.39 622.10 Td (we ) Tj ET Q q 0 0 0 rg BT 421.47 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 439.44 622.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 459.62 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.81 622.10 Td (work ) Tj ET Q q 0 0 0 rg BT 492.78 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 512.97 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.60 622.10 Td (executor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.57 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.02 610.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 119.60 610.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 144.60 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.61 610.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 181.84 610.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 226.28 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.84 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.29 610.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 273.25 610.10 Td (However) Tj ET Q q 0 0 0 rg BT 309.50 610.10 Td (, ) Tj ET Q q 0 0 0 rg BT 314.23 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.68 610.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 373.26 610.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 398.26 610.10 Td (may ) Tj ET Q q 0 0 0 rg BT 417.71 610.10 Td (not ) Tj ET Q q 0 0 0 rg BT 432.73 610.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 464.40 610.10 Td (suf) Tj ET Q q 0 0 0 rg BT 476.44 610.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 504.22 610.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 529.78 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.79 610.10 Td (repay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.48 598.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 86.45 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 97.04 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.52 598.10 Td (related ) Tj ET Q q 0 0 0 rg BT 140.98 598.10 Td (executor ) Tj ET Q q 0 0 0 rg BT 177.67 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 188.25 598.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 217.17 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 236.65 598.10 Td (prioritize ) Tj ET Q q 0 0 0 rg BT 275.56 598.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 320.02 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.61 598.10 Td (other ) Tj ET Q q 0 0 0 rg BT 353.42 598.10 Td (creditors. ) Tj ET Q q 0 0 0 rg BT 393.16 598.10 Td (In ) Tj ET Q q 0 0 0 rg BT 403.75 598.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 441.28 598.10 Td (if ) Tj ET Q q 0 0 0 rg BT 449.65 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 456.35 598.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 495.26 598.10 Td (dies ) Tj ET Q q 0 0 0 rg BT 513.63 598.10 Td (near ) Tj ET Q q 0 0 0 rg BT 533.09 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 547.57 598.10 Td (end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.38 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.65 586.10 Td (term ) Tj ET Q q 0 0 0 rg BT 95.02 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.40 586.10 Td (his ) Tj ET Q q 0 0 0 rg BT 119.12 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 129.50 586.10 Td (her ) Tj ET Q q 0 0 0 rg BT 144.32 586.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 184.69 586.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 209.79 586.10 Td (it ) Tj ET Q q 0 0 0 rg BT 217.39 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 226.11 586.10 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 260.94 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 277.98 586.10 Td (any ) Tj ET Q q 0 0 0 rg BT 294.47 586.10 Td (further ) Tj ET Q q 0 0 0 rg BT 323.73 586.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 364.10 586.10 Td (will ) Tj ET Q q 0 0 0 rg BT 381.71 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 393.20 586.10 Td (made ) Tj ET Q q 0 0 0 rg BT 416.90 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 428.95 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.22 586.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 502.47 586.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 530.35 586.10 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 574.10 Td (time ) Tj ET Q q 0 0 0 rg BT 84.99 574.10 Td (required ) Tj ET Q q 0 0 0 rg BT 120.81 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 134.97 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.68 574.10 Td (probate ) Tj ET Q q 0 0 0 rg BT 182.17 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.00 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.71 574.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 252.56 574.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 277.82 574.10 Td (will ) Tj ET Q q 0 0 0 rg BT 295.88 574.10 Td (probably ) Tj ET Q q 0 0 0 rg BT 333.93 574.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 363.08 574.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 395.02 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.74 574.10 Td (final ) Tj ET Q q 0 0 0 rg BT 430.56 574.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 466.94 574.10 Td (date ) Tj ET Q q 0 0 0 rg BT 486.10 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.93 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.65 574.10 Td (Notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.30 547.10 Td (RISKS INHERENT) Tj ET Q q 0 0 0 rg BT 275.98 547.10 Td ( IN INVESTING IN ) Tj ET Q q 0 0 0 rg BT 364.15 547.10 Td (THE NOTES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.44 517.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 94.09 517.10 Td (are ) Tj ET Q q 0 0 0 rg BT 109.75 517.10 Td (special, ) Tj ET Q q 0 0 0 rg BT 142.91 517.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 173.56 517.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 221.46 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.12 517.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 250.63 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.96 517.10 Td (only ) Tj ET Q q 0 0 0 rg BT 273.07 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.96 517.10 Td (are ) Tj ET Q q 0 0 0 rg BT 306.62 517.10 Td (not ) Tj ET Q q 0 0 0 rg BT 322.28 517.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 355.15 517.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 389.14 517.10 Td (by ) Tj ET Q q 0 0 0 rg BT 400.91 517.10 Td (any ) Tj ET Q q 0 0 0 rg BT 418.24 517.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 459.45 517.10 Td (or ) Tj ET Q q 0 0 0 rg BT 470.67 517.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 519.66 517.10 Td (or ) Tj ET Q q 0 0 0 rg BT 530.88 517.10 Td (insured ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.94 505.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 83.33 505.10 Td (or ) Tj ET Q q 0 0 0 rg BT 94.72 505.10 Td (any ) Tj ET Q q 0 0 0 rg BT 112.22 505.10 Td (third ) Tj ET Q q 0 0 0 rg BT 134.73 505.10 Td (party) Tj ET Q q 0 0 0 rg BT 155.47 505.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 475.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.60 475.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 130.99 475.10 Td (will ) Tj ET Q q 0 0 0 rg BT 149.60 475.10 Td (not ) Tj ET Q q 0 0 0 rg BT 165.44 475.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 205.14 475.10 Td (an ) Tj ET Q q 0 0 0 rg BT 217.64 475.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 261.24 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.63 475.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 318.73 475.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 339.57 475.10 Td (or ) Tj ET Q q 0 0 0 rg BT 350.96 475.10 Td (any ) Tj ET Q q 0 0 0 rg BT 368.45 475.10 Td (other ) Tj ET Q q 0 0 0 rg BT 392.05 475.10 Td (party ) Tj ET Q q 0 0 0 rg BT 415.66 475.10 Td (except ) Tj ET Q q 0 0 0 rg BT 444.81 475.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 467.60 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.09 475.10 Td (are ) Tj ET Q q 0 0 0 rg BT 500.36 475.10 Td (special, ) Tj ET Q q 0 0 0 rg BT 533.68 475.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 97.37 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.63 463.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 131.08 463.10 Td (The ) Tj ET Q q 0 0 0 rg BT 149.56 463.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 175.82 463.10 Td (are ) Tj ET Q q 0 0 0 rg BT 190.96 463.10 Td (not ) Tj ET Q q 0 0 0 rg BT 206.66 463.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 253.46 463.10 Td (or ) Tj ET Q q 0 0 0 rg BT 264.71 463.10 Td (insured ) Tj ET Q q 0 0 0 rg BT 297.08 463.10 Td (by ) Tj ET Q q 0 0 0 rg BT 310.01 463.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 333.23 463.10 Td (any ) Tj ET Q q 0 0 0 rg BT 350.59 463.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 408.50 463.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 439.75 463.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.01 463.10 Td (instrumentality ) Tj ET Q q 0 0 0 rg BT 514.49 463.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.75 463.10 Td (any ) Tj ET Q q 0 0 0 rg BT 543.11 463.10 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (party) Tj ET Q q 0 0 0 rg BT 69.90 451.10 Td (. ) Tj ET Q q 0 0 0 rg BT 73.92 451.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 113.66 451.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 130.52 451.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.48 451.10 Td (has ) Tj ET Q q 0 0 0 rg BT 147.76 451.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 179.70 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.88 451.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 233.60 451.10 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 264.71 451.10 Td (for ) Tj ET Q q 0 0 0 rg BT 278.33 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.50 451.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 322.22 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.51 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.68 451.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 368.08 451.10 Td (holders, ) Tj ET Q q 0 0 0 rg BT 401.98 451.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.37 451.10 Td (security ) Tj ET Q q 0 0 0 rg BT 441.98 451.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 473.37 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.11 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.28 451.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.56 451.10 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 110.12 439.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.81 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.93 439.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 164.67 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.80 439.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 221.04 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.38 439.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 276.83 439.10 Td (that ) Tj ET Q q 0 0 0 rg BT 294.74 439.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 311.60 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.51 439.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 350.17 439.10 Td (on ) Tj ET Q q 0 0 0 rg BT 363.08 439.10 Td (such ) Tj ET Q q 0 0 0 rg BT 384.32 439.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 425.55 439.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 455.40 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.53 439.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 492.88 439.10 Td (account ) Tj ET Q q 0 0 0 rg BT 526.88 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.57 439.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.14 427.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 110.27 427.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 132.62 427.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 172.76 427.10 Td (are ) Tj ET Q q 0 0 0 rg BT 186.77 427.10 Td (deposited, ) Tj ET Q q 0 0 0 rg BT 229.41 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.66 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.68 427.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 296.48 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.06 427.10 Td (which ) Tj ET Q q 0 0 0 rg BT 332.31 427.10 Td (investors' ) Tj ET Q q 0 0 0 rg BT 372.03 427.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 404.95 427.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 440.64 427.10 Td (are ) Tj ET Q q 0 0 0 rg BT 454.66 427.10 Td (deposited, ) Tj ET Q q 0 0 0 rg BT 497.29 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.32 427.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 532.57 427.10 Td (holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (do ) Tj ET Q q 0 0 0 rg BT 62.49 415.10 Td (not ) Tj ET Q q 0 0 0 rg BT 77.75 415.10 Td (themselves ) Tj ET Q q 0 0 0 rg BT 124.67 415.10 Td (have ) Tj ET Q q 0 0 0 rg BT 146.03 415.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.95 415.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 178.20 415.10 Td (security ) Tj ET Q q 0 0 0 rg BT 212.34 415.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 244.26 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.53 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.23 415.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 310.03 415.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 336.96 415.10 Td (or ) Tj ET Q q 0 0 0 rg BT 347.77 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.48 415.10 Td (right ) Tj ET Q q 0 0 0 rg BT 383.85 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.11 415.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 431.03 415.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 473.23 415.10 Td (. ) Tj ET Q q 0 0 0 rg BT 478.22 415.10 Td (If ) Tj ET Q q 0 0 0 rg BT 487.36 415.10 Td (an ) Tj ET Q q 0 0 0 rg BT 499.29 415.10 Td (event ) Tj ET Q q 0 0 0 rg BT 523.43 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.24 415.10 Td (default ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.16 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.24 403.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 130.51 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.34 403.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 184.17 403.10 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 224.88 403.10 Td (were ) Tj ET Q q 0 0 0 rg BT 246.70 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.87 403.10 Td (occur) Tj ET Q q 0 0 0 rg BT 278.68 403.10 Td (, ) Tj ET Q q 0 0 0 rg BT 283.57 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.18 403.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 320.01 403.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 351.84 403.10 Td (would ) Tj ET Q q 0 0 0 rg BT 379.23 403.10 Td (be ) Tj ET Q q 0 0 0 rg BT 391.06 403.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 434.55 403.10 Td (on ) Tj ET Q q 0 0 0 rg BT 446.94 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.55 403.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 501.71 403.10 Td (trustee's ) Tj ET Q q 0 0 0 rg BT 536.45 403.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.98 391.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 88.83 391.10 Td (on ) Tj ET Q q 0 0 0 rg BT 101.03 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.45 391.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 154.85 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.49 391.10 Td (make ) Tj ET Q q 0 0 0 rg BT 195.35 391.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 235.88 391.10 Td (on ) Tj ET Q q 0 0 0 rg BT 248.08 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.50 391.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 288.04 391.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.02 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.44 391.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 344.63 391.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 400.70 391.10 Td (by ) Tj ET Q q 0 0 0 rg BT 412.90 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.84 391.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 467.92 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.56 391.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 521.20 391.10 Td (Indenture. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.79 379.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 98.53 379.10 Td (although ) Tj ET Q q 0 0 0 rg BT 135.99 379.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 152.85 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.31 379.10 Td (will ) Tj ET Q q 0 0 0 rg BT 173.33 379.10 Td (take ) Tj ET Q q 0 0 0 rg BT 192.45 379.10 Td (all ) Tj ET Q q 0 0 0 rg BT 204.90 379.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 235.69 379.10 Td (that ) Tj ET Q q 0 0 0 rg BT 253.15 379.10 Td (it ) Tj ET Q q 0 0 0 rg BT 261.17 379.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 296.39 379.10 Td (are ) Tj ET Q q 0 0 0 rg BT 311.06 379.10 Td (required ) Tj ET Q q 0 0 0 rg BT 346.84 379.10 Td (under ) Tj ET Q q 0 0 0 rg BT 372.07 379.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 415.62 379.10 Td (law ) Tj ET Q q 0 0 0 rg BT 432.52 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.76 379.10 Td (perfect ) Tj ET Q q 0 0 0 rg BT 472.98 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.66 379.10 Td (security ) Tj ET Q q 0 0 0 rg BT 521.78 379.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 553.67 379.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.20 367.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 105.94 367.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 135.58 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.34 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.54 367.10 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 204.21 367.10 Td (if ) Tj ET Q q 0 0 0 rg BT 213.30 367.10 Td (its ) Tj ET Q q 0 0 0 rg BT 225.73 367.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 260.93 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.24 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.44 367.10 Td (required ) Tj ET Q q 0 0 0 rg BT 323.74 367.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 355.04 367.10 Td (is ) Tj ET Q q 0 0 0 rg BT 364.69 367.10 Td (incorrect ) Tj ET Q q 0 0 0 rg BT 403.21 367.10 Td (or ) Tj ET Q q 0 0 0 rg BT 414.52 367.10 Td (if ) Tj ET Q q 0 0 0 rg BT 423.61 367.10 Td (it ) Tj ET Q q 0 0 0 rg BT 432.14 367.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 452.34 367.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 480.87 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.63 367.10 Td (take ) Tj ET Q q 0 0 0 rg BT 511.27 367.10 Td (any ) Tj ET Q q 0 0 0 rg BT 528.69 367.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (action, ) Tj ET Q q 0 0 0 rg BT 78.67 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.62 355.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 132.12 355.10 Td (trustee's ) Tj ET Q q 0 0 0 rg BT 166.20 355.10 Td (security ) Tj ET Q q 0 0 0 rg BT 199.59 355.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 230.76 355.10 Td (may ) Tj ET Q q 0 0 0 rg BT 249.71 355.10 Td (not ) Tj ET Q q 0 0 0 rg BT 264.23 355.10 Td (be ) Tj ET Q q 0 0 0 rg BT 275.40 355.10 Td (ef) Tj ET Q q 0 0 0 rg BT 282.99 355.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 311.92 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.10 355.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 359.27 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.34 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.29 355.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 408.35 355.10 Td (could ) Tj ET Q q 0 0 0 rg BT 432.30 355.10 Td (be ) Tj ET Q q 0 0 0 rg BT 443.48 355.10 Td (required ) Tj ET Q q 0 0 0 rg BT 478.53 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.04 355.10 Td (share ) Tj ET Q q 0 0 0 rg BT 510.87 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.83 355.10 Td (collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 69.86 343.10 Td (any ) Tj ET Q q 0 0 0 rg BT 86.39 343.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 124.03 343.10 Td (thereof\) ) Tj ET Q q 0 0 0 rg BT 157.76 343.10 Td (with ) Tj ET Q q 0 0 0 rg BT 177.64 343.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 202.66 343.10 Td (other ) Tj ET Q q 0 0 0 rg BT 225.30 343.10 Td (creditors, ) Tj ET Q q 0 0 0 rg BT 264.88 343.10 Td (or) Tj ET Q q 0 0 0 rg BT 272.80 343.10 Td (, ) Tj ET Q q 0 0 0 rg BT 277.40 343.10 Td (if ) Tj ET Q q 0 0 0 rg BT 285.60 343.10 Td (a ) Tj ET Q q 0 0 0 rg BT 292.13 343.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 339.21 343.10 Td (court ) Tj ET Q q 0 0 0 rg BT 361.85 343.10 Td (were ) Tj ET Q q 0 0 0 rg BT 383.38 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.25 343.10 Td (order ) Tj ET Q q 0 0 0 rg BT 416.44 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.75 343.10 Td (substantive ) Tj ET Q q 0 0 0 rg BT 477.84 343.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 533.81 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.24 343.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 331.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 83.80 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.30 331.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 100.46 331.10 Td (described ) Tj ET Q q 0 0 0 rg BT 141.27 331.10 Td (below\), ) Tj ET Q q 0 0 0 rg BT 174.04 331.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 200.02 331.10 Td (creditors.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 68.52 301.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.02 301.10 Td (is ) Tj ET Q q 0 0 0 rg BT 80.19 301.10 Td (not ) Tj ET Q q 0 0 0 rg BT 96.03 301.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 136.30 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.58 301.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 190.74 301.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 212.68 301.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 245.74 301.10 Td (or ) Tj ET Q q 0 0 0 rg BT 257.13 301.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 305.75 301.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 331.58 301.10 Td (except ) Tj ET Q q 0 0 0 rg BT 360.17 301.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.01 301.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 401.84 301.10 Td (circumstances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 271.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.17 271.10 Td (is ) Tj ET Q q 0 0 0 rg BT 114.15 271.10 Td (only ) Tj ET Q q 0 0 0 rg BT 134.23 271.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 173.75 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.84 271.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 229.46 271.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 255.09 271.10 Td (or ) Tj ET Q q 0 0 0 rg BT 265.73 271.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 309.15 271.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 340.89 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.53 271.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 377.17 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.26 271.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 417.90 271.10 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 479.18 271.10 Td (These ) Tj ET Q q 0 0 0 rg BT 505.36 271.10 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (include ) Tj ET Q q 0 0 0 rg BT 82.44 259.10 Td (if ) Tj ET Q q 0 0 0 rg BT 91.56 259.10 Td (\(i\)a ) Tj ET Q q 0 0 0 rg BT 110.94 259.10 Td (material ) Tj ET Q q 0 0 0 rg BT 146.71 259.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 184.15 259.10 Td (default ) Tj ET Q q 0 0 0 rg BT 214.92 259.10 Td (under ) Tj ET Q q 0 0 0 rg BT 240.70 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.92 259.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 316.14 259.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 357.47 259.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 381.02 259.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 410.13 259.10 Td (as ) Tj ET Q q 0 0 0 rg BT 421.46 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 428.91 259.10 Td (result ) Tj ET Q q 0 0 0 rg BT 454.14 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.47 259.10 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 506.79 259.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 540.90 259.10 Td (theft; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (\(ii\)we ) Tj ET Q q 0 0 0 rg BT 79.21 247.10 Td (include ) Tj ET Q q 0 0 0 rg BT 111.48 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.76 247.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 152.15 247.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 181.65 247.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.27 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.54 247.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 227.38 247.10 Td (that ) Tj ET Q q 0 0 0 rg BT 245.21 247.10 Td (is ) Tj ET Q q 0 0 0 rg BT 254.72 247.10 Td (dif) Tj ET Q q 0 0 0 rg BT 265.65 247.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 291.80 247.10 Td (from ) Tj ET Q q 0 0 0 rg BT 314.08 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.13 247.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 362.52 247.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 392.02 247.10 Td (we ) Tj ET Q q 0 0 0 rg BT 406.52 247.10 Td (calculated, ) Tj ET Q q 0 0 0 rg BT 452.38 247.10 Td (or ) Tj ET Q q 0 0 0 rg BT 463.55 247.10 Td (we ) Tj ET Q q 0 0 0 rg BT 478.05 247.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 516.41 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.46 247.10 Td (Prosper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 78.69 235.10 Td (incorrectly; ) Tj ET Q q 0 0 0 rg BT 126.81 235.10 Td (or ) Tj ET Q q 0 0 0 rg BT 137.17 235.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 154.19 235.10 Td (if ) Tj ET Q q 0 0 0 rg BT 162.33 235.10 Td (any ) Tj ET Q q 0 0 0 rg BT 178.80 235.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 204.15 235.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.96 235.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 240.42 235.10 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 269.39 235.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 311.40 235.10 Td (Investment, ) Tj ET Q q 0 0 0 rg BT 360.37 235.10 Td (or ) Tj ET Q q 0 0 0 rg BT 370.28 235.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 392.31 235.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 418.77 235.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 443.01 235.10 Td (an ) Tj ET Q q 0 0 0 rg BT 454.48 235.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 488.72 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.53 235.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 536.10 235.10 Td (a ) Tj ET Q q 0 0 0 rg BT 542.56 235.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.56 223.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 88.42 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.53 223.10 Td (that ) Tj ET Q q 0 0 0 rg BT 107.64 223.10 Td (such ) Tj ET Q q 0 0 0 rg BT 128.09 223.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 162.42 223.10 Td (would ) Tj ET Q q 0 0 0 rg BT 189.54 223.10 Td (not ) Tj ET Q q 0 0 0 rg BT 204.44 223.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 245.43 223.10 Td (have ) Tj ET Q q 0 0 0 rg BT 266.42 223.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 309.08 223.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.52 223.10 Td (that ) Tj ET Q q 0 0 0 rg BT 336.64 223.10 Td (dif) Tj ET Q q 0 0 0 rg BT 347.56 223.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 364.67 223.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 407.32 223.10 Td (from ) Tj ET Q q 0 0 0 rg BT 428.88 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.21 223.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 467.27 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.16 223.10 Td (which ) Tj ET Q q 0 0 0 rg BT 503.72 223.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 526.93 223.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 543.79 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 545.91 223.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (has ) Tj ET Q q 0 0 0 rg BT 65.64 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.16 211.10 Td (option ) Tj ET Q q 0 0 0 rg BT 108.02 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.11 211.10 Td (cure ) Tj ET Q q 0 0 0 rg BT 137.62 211.10 Td (such ) Tj ET Q q 0 0 0 rg BT 158.26 211.10 Td (error) Tj ET Q q 0 0 0 rg BT 177.13 211.10 Td (. ) Tj ET Q q 0 0 0 rg BT 181.94 211.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.25 211.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 201.11 211.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.41 211.10 Td (is ) Tj ET Q q 0 0 0 rg BT 212.39 211.10 Td (not ) Tj ET Q q 0 0 0 rg BT 227.47 211.10 Td (required ) Tj ET Q q 0 0 0 rg BT 263.09 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.18 211.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 318.79 211.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 344.43 211.10 Td (or ) Tj ET Q q 0 0 0 rg BT 355.06 211.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 398.47 211.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 430.22 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.85 211.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 468.99 211.10 Td (however) Tj ET Q q 0 0 0 rg BT 503.02 211.10 Td (, ) Tj ET Q q 0 0 0 rg BT 507.82 211.10 Td (if ) Tj ET Q q 0 0 0 rg BT 516.24 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.76 211.10 Td (holder's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.45 199.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.69 199.10 Td (not ) Tj ET Q q 0 0 0 rg BT 121.04 199.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 155.25 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.60 199.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 192.61 199.10 Td (or ) Tj ET Q q 0 0 0 rg BT 203.51 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.86 199.10 Td (part ) Tj ET Q q 0 0 0 rg BT 231.98 199.10 Td (due ) Tj ET Q q 0 0 0 rg BT 248.99 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.34 199.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 283.01 199.10 Td (other ) Tj ET Q q 0 0 0 rg BT 306.13 199.10 Td (than ) Tj ET Q q 0 0 0 rg BT 325.91 199.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 359.04 199.10 Td (theft, ) Tj ET Q q 0 0 0 rg BT 382.43 199.10 Td (or ) Tj ET Q q 0 0 0 rg BT 393.33 199.10 Td (due ) Tj ET Q q 0 0 0 rg BT 410.34 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.69 199.10 Td (other ) Tj ET Q q 0 0 0 rg BT 443.81 199.10 Td (false ) Tj ET Q q 0 0 0 rg BT 465.26 199.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.16 199.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 519.81 199.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.85 187.10 Td (omissions ) Tj ET Q q 0 0 0 rg BT 103.39 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.24 187.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 131.75 187.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.06 187.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.02 187.10 Td (listing, ) Tj ET Q q 0 0 0 rg BT 179.05 187.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 213.78 187.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.08 187.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 249.37 187.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 271.05 187.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 310.22 187.10 Td (representations ) Tj ET Q q 0 0 0 rg BT 373.28 187.10 Td (or ) Tj ET Q q 0 0 0 rg BT 384.14 187.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 414.43 187.10 Td (indicia ) Tj ET Q q 0 0 0 rg BT 444.17 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.02 187.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 494.20 187.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 519.50 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 536.46 187.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.93 175.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 84.28 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.65 175.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 120.51 175.10 Td (For ) Tj ET Q q 0 0 0 rg BT 136.55 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.92 175.10 Td (period ) Tj ET Q q 0 0 0 rg BT 178.61 175.10 Td (from ) Tj ET Q q 0 0 0 rg BT 200.20 175.10 Td (July ) Tj ET Q q 0 0 0 rg BT 219.02 175.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 233.67 175.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 255.82 175.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.74 175.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 308.99 175.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.99 175.10 Td (, ) Tj ET Q q 0 0 0 rg BT 333.64 175.10 Td (we ) Tj ET Q q 0 0 0 rg BT 347.45 175.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 380.69 175.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 432.83 175.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 460.52 175.10 Td (income ) Tj ET Q q 0 0 0 rg BT 492.10 175.10 Td (on ) Tj ET Q q 0 0 0 rg BT 504.25 175.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (62%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.33 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.61 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.21 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.70 163.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 136.30 163.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 163.01 163.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 205.83 163.10 Td (through ) Tj ET Q q 0 0 0 rg BT 239.21 163.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.82 163.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 305.95 163.10 Td (on ) Tj ET Q q 0 0 0 rg BT 318.23 163.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.94 163.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 342.77 163.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 365.05 163.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.38 163.10 Td (422,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.88 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.15 163.10 Td (out ) Tj ET Q q 0 0 0 rg BT 418.21 163.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.81 163.10 Td (680,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.31 163.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 466.92 163.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.63 163.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.67 163.10 Td (74%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 163.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.88 151.10 Td (originations ) Tj ET Q q 0 0 0 rg BT 111.20 151.10 Td (on ) Tj ET Q q 0 0 0 rg BT 123.75 151.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.73 151.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 156.61 151.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 179.15 151.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.48 151.10 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 202.53 151.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.65 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.19 151.10 Td (out ) Tj ET Q q 0 0 0 rg BT 246.52 151.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.40 151.10 Td ($8.7 ) Tj ET Q q 0 0 0 rg BT 277.45 151.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.56 151.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 311.94 151.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 325.04 151.10 Td (these ) Tj ET Q q 0 0 0 rg BT 348.13 151.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 374.29 151.10 Td (we ) Tj ET Q q 0 0 0 rg BT 388.50 151.10 Td (canceled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.01 151.10 Td (1) Tj ET Q q 0 0 0 rg BT 430.64 151.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.97 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.52 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.40 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.16 151.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 491.93 151.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 523.37 151.10 Td (for ) Tj ET Q q 0 0 0 rg BT 537.58 151.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.19 139.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 95.81 139.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 147.33 139.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 174.40 139.10 Td (income ) Tj ET Q q 0 0 0 rg BT 205.36 139.10 Td (information ) Tj ET Q q 0 0 0 rg BT 254.10 139.10 Td (because ) Tj ET Q q 0 0 0 rg BT 287.27 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.02 139.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 331.44 139.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 371.84 139.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 414.45 139.10 Td (or ) Tj ET Q q 0 0 0 rg BT 424.30 139.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 444.12 139.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 471.19 139.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 522.71 139.10 Td (or ) Tj ET Q q 0 0 0 rg BT 532.57 139.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 102.61 127.10 Td (Nor ) Tj ET Q q 0 0 0 rg BT 121.05 127.10 Td (is ) Tj ET Q q 0 0 0 rg BT 130.62 127.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 147.48 127.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.38 127.10 Td (under ) Tj ET Q q 0 0 0 rg BT 176.04 127.10 Td (any ) Tj ET Q q 0 0 0 rg BT 193.37 127.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 236.82 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.50 127.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 293.70 127.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.03 127.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 323.36 127.10 Td (or ) Tj ET Q q 0 0 0 rg BT 334.59 127.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 378.59 127.10 Td (any ) Tj ET Q q 0 0 0 rg BT 395.92 127.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 424.37 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.59 127.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 461.82 127.10 Td (if ) Tj ET Q q 0 0 0 rg BT 470.82 127.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.15 127.10 Td (correctly-determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 83.05 115.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 112.22 115.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 131.93 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.21 115.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 185.79 115.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 216.05 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.77 115.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 257.14 115.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 283.54 115.10 Td (on ) Tj ET Q q 0 0 0 rg BT 296.04 115.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.97 115.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 343.79 115.10 Td (Loan.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 68.52 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.06 742.25 Td (might ) Tj ET Q q 0 0 0 rg BT 95.50 742.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 119.28 742.25 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 186.38 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.49 742.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 251.15 742.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 298.26 742.25 Td (that ) Tj ET Q q 0 0 0 rg BT 315.92 742.25 Td (exceed ) Tj ET Q q 0 0 0 rg BT 345.22 742.25 Td (its ) Tj ET Q q 0 0 0 rg BT 356.21 742.25 Td (projections, ) Tj ET Q q 0 0 0 rg BT 405.81 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 415.70 742.25 Td (which ) Tj ET Q q 0 0 0 rg BT 442.25 742.25 Td (case ) Tj ET Q q 0 0 0 rg BT 461.56 742.25 Td (it ) Tj ET Q q 0 0 0 rg BT 468.66 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 487.43 742.25 Td (not ) Tj ET Q q 0 0 0 rg BT 502.31 742.25 Td (have ) Tj ET Q q 0 0 0 rg BT 523.29 742.25 Td (suf) Tj ET Q q 0 0 0 rg BT 535.90 742.25 Td (ficient ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 80.27 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 90.55 730.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 112.49 730.25 Td (its ) Tj ET Q q 0 0 0 rg BT 124.43 730.25 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 192.50 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.56 730.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 259.17 730.25 Td (obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.16 700.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 138.23 700.25 Td (its ) Tj ET Q q 0 0 0 rg BT 148.98 700.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 162.49 700.25 Td (income ) Tj ET Q q 0 0 0 rg BT 193.23 700.25 Td (will ) Tj ET Q q 0 0 0 rg BT 210.09 700.25 Td (be ) Tj ET Q q 0 0 0 rg BT 220.83 700.25 Td (suf) Tj ET Q q 0 0 0 rg BT 232.88 700.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 259.72 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.80 700.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 289.54 700.25 Td (its ) Tj ET Q q 0 0 0 rg BT 300.29 700.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 344.91 700.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 390.08 700.25 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 454.70 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.44 700.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 515.05 700.25 Td (obligations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td 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0 0 rg BT 431.01 496.25 Td (Investors ) Tj ET Q q 0 0 0 rg BT 469.99 496.25 Td (may ) Tj ET Q q 0 0 0 rg BT 489.52 496.25 Td (find ) Tj ET Q q 0 0 0 rg BT 507.94 496.25 Td (it ) Tj ET Q q 0 0 0 rg BT 515.81 496.25 Td (desirable ) Tj ET Q q 0 0 0 rg BT 554.22 496.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (diversify ) Tj ET Q q 0 0 0 rg BT 88.24 484.25 Td (their ) Tj ET Q q 0 0 0 rg BT 109.25 484.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 146.94 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.41 484.25 Td (order ) Tj ET Q q 0 0 0 rg BT 181.20 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.67 484.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 221.00 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.91 484.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 253.60 484.25 Td (that ) Tj ET Q q 0 0 0 rg BT 271.28 484.25 Td (they ) Tj ET Q q 0 0 0 rg BT 291.19 484.25 Td (could ) Tj ET Q q 0 0 0 rg BT 316.10 484.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 334.90 484.25 Td (their ) Tj ET Q q 0 0 0 rg BT 355.91 484.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 381.37 484.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 427.94 484.25 Td (due ) Tj ET Q q 0 0 0 rg BT 445.07 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 455.54 484.25 Td (a ) Tj ET Q q 0 0 0 rg BT 462.67 484.25 Td (single ) Tj ET Q q 0 0 0 rg BT 489.24 484.25 Td (default, ) Tj ET Q q 0 0 0 rg BT 522.20 484.25 Td (or ) Tj ET Q q 0 0 0 rg BT 533.22 484.25 Td (a ) Tj ET Q q 0 0 0 rg BT 540.35 484.25 Td (small ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (number ) Tj ET Q q 0 0 0 rg BT 83.05 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.88 472.25 Td (defaults. ) Tj ET Q q 0 0 0 rg BT 130.54 472.25 Td (However) Tj ET Q q 0 0 0 rg BT 166.79 472.25 Td (, ) Tj ET Q q 0 0 0 rg BT 171.79 472.25 Td (diversification ) Tj ET Q q 0 0 0 rg BT 232.05 472.25 Td (does ) Tj ET Q q 0 0 0 rg BT 252.88 472.25 Td (not ) Tj ET Q q 0 0 0 rg BT 268.16 472.25 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 307.87 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.59 472.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 340.09 472.25 Td (that ) Tj ET Q q 0 0 0 rg BT 357.58 472.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 396.19 472.25 Td (may ) Tj ET Q q 0 0 0 rg BT 415.91 472.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 434.52 472.25 Td (some, ) Tj ET Q q 0 0 0 rg BT 460.63 472.25 Td (or ) Tj ET Q q 0 0 0 rg BT 471.46 472.25 Td (all, ) Tj ET Q q 0 0 0 rg BT 486.46 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 497.29 472.25 Td (their ) Tj ET Q q 0 0 0 rg BT 518.12 472.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 460.25 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.01 430.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 121.89 430.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 150.35 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 157.69 430.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 197.81 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.92 430.25 Td (prepay ) Tj ET Q q 0 0 0 rg BT 238.03 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 245.37 430.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 287.16 430.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 311.17 430.25 Td (at ) Tj ET Q q 0 0 0 rg BT 321.28 430.25 Td (any ) Tj ET Q q 0 0 0 rg BT 338.62 430.25 Td (time ) Tj ET Q q 0 0 0 rg BT 358.73 430.25 Td (without ) Tj ET Q q 0 0 0 rg BT 392.20 430.25 Td (penalty) Tj ET Q q 0 0 0 rg BT 421.82 430.25 Td (. ) Tj ET Q q 0 0 0 rg BT 426.66 430.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 468.45 430.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 492.46 430.25 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 547.01 430.25 Td (will ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (extinguish ) Tj ET Q q 0 0 0 rg BT 95.85 418.25 Td (or ) Tj ET Q q 0 0 0 rg BT 107.24 418.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 128.63 418.25 Td (an ) Tj ET Q q 0 0 0 rg BT 141.69 418.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 183.64 418.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 211.69 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 221.97 418.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 253.33 418.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 297.51 418.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 330.57 418.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 371.95 418.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.01 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 392.51 418.25 Td (Note.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 388.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 126.98 388.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 150.19 388.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 200.06 388.25 Td (occurs ) Tj ET Q q 0 0 0 rg BT 228.82 388.25 Td (when ) Tj ET Q q 0 0 0 rg BT 253.15 388.25 Td (a ) Tj ET Q q 0 0 0 rg BT 260.25 388.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 299.56 388.25 Td (decides ) Tj ET Q q 0 0 0 rg BT 332.21 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 342.65 388.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 359.75 388.25 Td (some ) Tj ET Q q 0 0 0 rg BT 383.53 388.25 Td (or ) Tj ET Q q 0 0 0 rg BT 394.52 388.25 Td (all ) Tj ET Q q 0 0 0 rg BT 407.18 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.17 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.05 388.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 471.26 388.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 503.92 388.25 Td (on ) Tj ET Q q 0 0 0 rg BT 516.58 388.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.68 388.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 73.40 376.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 101.78 376.25 Td (than ) Tj ET Q q 0 0 0 rg BT 121.84 376.25 Td (originally ) Tj ET Q q 0 0 0 rg BT 163.57 376.25 Td (scheduled. ) Tj ET Q q 0 0 0 rg BT 208.90 376.25 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 253.96 376.25 Td (may ) Tj ET Q q 0 0 0 rg BT 274.03 376.25 Td (decide ) Tj ET Q q 0 0 0 rg BT 302.97 376.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.60 376.25 Td (prepay ) Tj ET Q q 0 0 0 rg BT 343.65 376.25 Td (all ) Tj ET Q q 0 0 0 rg BT 356.50 376.25 Td (or ) Tj ET Q q 0 0 0 rg BT 367.67 376.25 Td (a ) Tj ET Q q 0 0 0 rg BT 374.96 376.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 406.70 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.87 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.94 376.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 476.33 376.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 514.72 376.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 547.56 376.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.95 364.25 Td (a ) Tj ET Q q 0 0 0 rg BT 81.58 364.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 122.08 364.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 144.81 364.25 Td (at ) Tj ET Q q 0 0 0 rg BT 154.22 364.25 Td (any ) Tj ET Q q 0 0 0 rg BT 170.84 364.25 Td (time ) Tj ET Q q 0 0 0 rg BT 190.80 364.25 Td (without ) Tj ET Q q 0 0 0 rg BT 223.54 364.25 Td (penalty) Tj ET Q q 0 0 0 rg BT 252.32 364.25 Td (. ) Tj ET Q q 0 0 0 rg BT 257.01 364.25 Td (In ) Tj ET Q q 0 0 0 rg BT 267.52 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.93 364.25 Td (event ) Tj ET Q q 0 0 0 rg BT 305.77 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.28 364.25 Td (a ) Tj ET Q q 0 0 0 rg BT 322.91 364.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 372.29 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.81 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.21 364.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 422.16 364.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 464.89 364.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 494.29 364.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 532.01 364.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.39 352.25 Td (a ) Tj ET Q q 0 0 0 rg BT 68.89 352.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 110.27 352.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 133.87 352.25 Td (on ) Tj ET Q q 0 0 0 rg BT 146.93 352.25 Td (which ) Tj ET Q q 0 0 0 rg BT 174.43 352.25 Td (an ) Tj ET Q q 0 0 0 rg BT 186.93 352.25 Td (investor's ) Tj ET Q q 0 0 0 rg BT 227.90 352.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 250.39 352.25 Td (is ) Tj ET Q q 0 0 0 rg BT 260.12 352.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 304.27 352.25 Td (for ) Tj ET Q q 0 0 0 rg BT 318.99 352.25 Td (payment, ) Tj ET Q q 0 0 0 rg BT 358.99 352.25 Td (such ) Tj ET Q q 0 0 0 rg BT 380.38 352.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 415.65 352.25 Td (will ) Tj ET Q q 0 0 0 rg BT 434.27 352.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 466.19 352.25 Td (his ) Tj ET Q q 0 0 0 rg BT 480.92 352.25 Td (or ) Tj ET Q q 0 0 0 rg BT 492.31 352.25 Td (her ) Tj ET Q q 0 0 0 rg BT 508.13 352.25 Td (share ) Tj ET Q q 0 0 0 rg BT 532.29 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 543.68 352.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 100.05 340.25 Td (but ) Tj ET Q q 0 0 0 rg BT 115.68 340.25 Td (further ) Tj ET Q q 0 0 0 rg BT 145.74 340.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 178.03 340.25 Td (will ) Tj ET Q q 0 0 0 rg BT 196.44 340.25 Td (not ) Tj ET Q q 0 0 0 rg BT 212.07 340.25 Td (accrue ) Tj ET Q q 0 0 0 rg BT 241.00 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 253.85 340.25 Td (such ) Tj ET Q q 0 0 0 rg BT 275.03 340.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 316.21 340.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 339.60 340.25 Td (or ) Tj ET Q q 0 0 0 rg BT 350.79 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 363.64 340.25 Td (such ) Tj ET Q q 0 0 0 rg BT 384.82 340.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 407.11 340.25 Td (after ) Tj ET Q q 0 0 0 rg BT 428.28 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.34 340.25 Td (date ) Tj ET Q q 0 0 0 rg BT 462.85 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 475.70 340.25 Td (which ) Tj ET Q q 0 0 0 rg BT 502.99 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.06 340.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 555.35 340.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 76.15 328.25 Td (If ) Tj ET Q q 0 0 0 rg BT 84.81 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.02 328.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 137.67 328.25 Td (prepays ) Tj ET Q q 0 0 0 rg BT 170.76 328.25 Td (a ) Tj ET Q q 0 0 0 rg BT 177.20 328.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 208.08 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.41 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.62 328.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 275.16 328.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 304.37 328.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 341.91 328.25 Td (balance, ) Tj ET Q q 0 0 0 rg BT 376.94 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.15 328.25 Td (term ) Tj ET Q q 0 0 0 rg BT 411.47 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.80 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.01 328.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 476.33 328.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 498.87 328.25 Td (will ) Tj ET Q q 0 0 0 rg BT 516.42 328.25 Td (not ) Tj ET Q q 0 0 0 rg BT 531.20 328.25 Td (change, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (but ) Tj ET Q q 0 0 0 rg BT 65.97 316.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 98.60 316.25 Td (will ) Tj ET Q q 0 0 0 rg BT 117.35 316.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 142.18 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.15 316.25 Td (accrue ) Tj ET Q q 0 0 0 rg BT 182.43 316.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.62 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.03 316.25 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 244.21 316.25 Td (portion, ) Tj ET Q q 0 0 0 rg BT 278.79 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.42 316.25 Td (an ) Tj ET Q q 0 0 0 rg BT 309.05 316.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 344.46 316.25 Td (will ) Tj ET Q q 0 0 0 rg BT 363.21 316.25 Td (not ) Tj ET Q q 0 0 0 rg BT 379.18 316.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 411.23 316.25 Td (all ) Tj ET Q q 0 0 0 rg BT 424.42 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.94 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.35 316.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 483.98 316.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 525.50 316.25 Td (that ) Tj ET Q q 0 0 0 rg BT 543.68 316.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 84.79 304.25 Td (originally ) Tj ET Q q 0 0 0 rg BT 126.24 304.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 164.34 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.69 304.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 206.12 304.25 Td (on ) Tj ET Q q 0 0 0 rg BT 218.69 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.48 304.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 255.49 304.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 315.26 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.61 304.25 Td (such ) Tj ET Q q 0 0 0 rg BT 346.51 304.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 387.40 304.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 413.02 304.25 Td (In ) Tj ET Q q 0 0 0 rg BT 423.92 304.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 461.76 304.25 Td (such ) Tj ET Q q 0 0 0 rg BT 482.66 304.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 517.45 304.25 Td (may ) Tj ET Q q 0 0 0 rg BT 537.23 304.25 Td (not ) Tj ET Q q 0 0 0 rg BT 552.58 304.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (able ) Tj ET Q q 0 0 0 rg BT 69.62 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 80.36 292.25 Td (find ) Tj ET Q q 0 0 0 rg BT 99.44 292.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.84 292.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 137.58 292.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 155.53 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.83 292.25 Td (return ) Tj ET Q q 0 0 0 rg BT 193.67 292.25 Td (on ) Tj ET Q q 0 0 0 rg BT 206.63 292.25 Td (another ) Tj ET Q q 0 0 0 rg BT 239.58 292.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 286.43 292.25 Td (at ) Tj ET Q q 0 0 0 rg BT 296.61 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.80 292.25 Td (time ) Tj ET Q q 0 0 0 rg BT 332.54 292.25 Td (at ) Tj ET Q q 0 0 0 rg BT 342.72 292.25 Td (which ) Tj ET Q q 0 0 0 rg BT 370.12 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.30 292.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 426.59 292.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 450.10 292.25 Td (is ) Tj ET Q q 0 0 0 rg BT 459.74 292.25 Td (prepaid. ) Tj ET Q q 0 0 0 rg BT 495.19 292.25 Td (Prepayments ) Tj ET Q q 0 0 0 rg BT 549.81 292.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.83 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.10 280.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 116.53 280.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 155.68 280.25 Td (fee, ) Tj ET Q q 0 0 0 rg BT 172.89 280.25 Td (even ) Tj ET Q q 0 0 0 rg BT 194.27 280.25 Td (if ) Tj ET Q q 0 0 0 rg BT 202.88 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.59 280.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 267.29 280.25 Td (occurs ) Tj ET Q q 0 0 0 rg BT 295.89 280.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 348.38 280.25 Td (after ) Tj ET Q q 0 0 0 rg BT 369.19 280.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 405.57 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.40 280.25 Td (a ) Tj ET Q q 0 0 0 rg BT 423.34 280.25 Td (Note.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Prevailing ) Tj ET Q q 0 0 0 rg BT 95.79 250.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 129.37 250.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 152.39 250.25 Td (may ) Tj ET Q q 0 0 0 rg BT 172.62 250.25 Td (change ) Tj ET Q q 0 0 0 rg BT 205.64 250.25 Td (during ) Tj ET Q q 0 0 0 rg BT 236.45 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.25 250.25 Td (term ) Tj ET Q q 0 0 0 rg BT 274.16 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.51 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.30 250.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 330.15 250.25 Td (If ) Tj ET Q q 0 0 0 rg BT 340.39 250.25 Td (this ) Tj ET Q q 0 0 0 rg BT 358.42 250.25 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 391.16 250.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 430.85 250.25 Td (may ) Tj ET Q q 0 0 0 rg BT 451.09 250.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 482.97 250.25 Td (less ) Tj ET Q q 0 0 0 rg BT 500.99 250.25 Td (value ) Tj ET Q q 0 0 0 rg BT 526.22 250.25 Td (from ) Tj ET Q q 0 0 0 rg BT 549.24 250.25 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 89.52 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.59 238.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 124.67 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 134.75 238.25 Td (comparison ) Tj ET Q q 0 0 0 rg BT 184.83 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.35 238.25 Td (other ) Tj ET Q q 0 0 0 rg BT 217.76 238.25 Td (ways ) Tj ET Q q 0 0 0 rg BT 239.50 238.25 Td (they ) Tj ET Q q 0 0 0 rg BT 258.45 238.25 Td (may ) Tj ET Q q 0 0 0 rg BT 277.41 238.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 303.04 238.25 Td (their ) Tj ET Q q 0 0 0 rg BT 324.23 238.25 Td (money) Tj ET Q q 0 0 0 rg BT 351.07 238.25 Td (. ) Tj ET Q q 0 0 0 rg BT 355.06 238.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 405.25 238.25 Td (, ) Tj ET Q q 0 0 0 rg BT 409.49 238.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 452.90 238.25 Td (may ) Tj ET Q q 0 0 0 rg BT 471.86 238.25 Td (prepay ) Tj ET Q q 0 0 0 rg BT 501.37 238.25 Td (their ) Tj ET Q q 0 0 0 rg BT 522.56 238.25 Td (Borrower ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 78.23 226.25 Td (due ) Tj ET Q q 0 0 0 rg BT 95.90 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 106.35 226.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 142.91 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.92 226.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 187.15 226.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 212.32 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 230.55 226.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 269.89 226.25 Td (may ) Tj ET Q q 0 0 0 rg BT 289.78 226.25 Td (not ) Tj ET Q q 0 0 0 rg BT 305.79 226.25 Td (be ) Tj ET Q q 0 0 0 rg BT 317.89 226.25 Td (able ) Tj ET Q q 0 0 0 rg BT 337.78 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 348.23 226.25 Td (redeploy ) Tj ET Q q 0 0 0 rg BT 385.88 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.33 226.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 439.57 226.25 Td (received ) Tj ET Q q 0 0 0 rg BT 476.11 226.25 Td (from ) Tj ET Q q 0 0 0 rg BT 498.78 226.25 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 553.66 226.25 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.50 214.25 Td (way ) Tj ET Q q 0 0 0 rg BT 76.11 214.25 Td (that ) Tj ET Q q 0 0 0 rg BT 94.73 214.25 Td (of) Tj ET Q q 0 0 0 rg BT 102.88 214.25 Td (fers ) Tj ET Q q 0 0 0 rg BT 120.93 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.21 214.25 Td (return ) Tj ET Q q 0 0 0 rg BT 164.83 214.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 202.86 214.25 Td (from ) Tj ET Q q 0 0 0 rg BT 225.36 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.64 214.25 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 184.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.41 184.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 143.59 184.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 169.89 184.25 Td (on ) Tj ET Q q 0 0 0 rg BT 181.75 184.25 Td (which ) Tj ET Q q 0 0 0 rg BT 208.05 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.12 184.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 247.31 184.25 Td (are ) Tj ET Q q 0 0 0 rg BT 261.38 184.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 304.33 184.25 Td (for ) Tj ET Q q 0 0 0 rg BT 317.86 184.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 354.15 184.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 373.22 184.25 Td (fixed, ) Tj ET Q q 0 0 0 rg BT 398.12 184.25 Td (not ) Tj ET Q q 0 0 0 rg BT 412.76 184.25 Td (floating, ) Tj ET Q q 0 0 0 rg BT 448.23 184.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 468.96 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.15 184.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 512.95 184.25 Td (If ) Tj ET Q q 0 0 0 rg BT 521.47 184.25 Td (prevailing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.10 172.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 103.64 172.25 Td (increase, ) Tj ET Q q 0 0 0 rg BT 141.55 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.43 172.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.53 172.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 210.07 172.25 Td (on ) Tj ET Q q 0 0 0 rg BT 222.73 172.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 248.72 172.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 287.49 172.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 325.69 172.25 Td (might ) Tj ET Q q 0 0 0 rg BT 351.69 172.25 Td (be ) Tj ET Q q 0 0 0 rg BT 363.79 172.25 Td (less ) Tj ET Q q 0 0 0 rg BT 381.45 172.25 Td (than ) Tj ET Q q 0 0 0 rg BT 401.33 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.21 172.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 433.86 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.85 172.25 Td (return ) Tj ET Q q 0 0 0 rg BT 471.39 172.25 Td (they ) Tj ET Q q 0 0 0 rg BT 491.27 172.25 Td (could ) Tj ET Q q 0 0 0 rg BT 516.15 172.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 536.02 172.25 Td (if ) Tj ET Q q 0 0 0 rg BT 544.79 172.25 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (had ) Tj ET Q q 0 0 0 rg BT 66.94 160.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 102.76 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.48 160.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 155.52 160.25 Td (price ) Tj ET Q q 0 0 0 rg BT 178.00 160.25 Td (in ) Tj ET Q q 0 0 0 rg BT 188.28 160.25 Td (a ) Tj ET Q q 0 0 0 rg BT 195.22 160.25 Td (dif) Tj ET Q q 0 0 0 rg BT 206.15 160.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 231.96 160.25 Td (investment.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 130.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.09 130.25 Td (may ) Tj ET Q q 0 0 0 rg BT 84.80 130.25 Td (not ) Tj ET Q q 0 0 0 rg BT 100.64 130.25 Td (set ) Tj ET Q q 0 0 0 rg BT 114.25 130.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 164.53 130.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 197.59 130.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 220.09 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 234.81 130.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 276.76 130.25 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 100.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 100.25 Td (e set interest rates for all Borrower Loans based on Prosper Ratings, as well as additional factors such as Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (Loan terms, the economic environment and competitive conditions. If we set interest rates for Borrower Loans too low) Tj ET Q q 0 0 0 rg BT 526.99 88.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (investors may not be compensated appropriately for the level of risk that they are assuming in purchasing Notes, while setting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (the interest rate too high may increase the risk of non-payment. In either case, a failure by us to set rates appropriately may ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (adversely impact the ability of investors to receive returns on their Notes that are commensurate with the risks they have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (assumed in acquiring such Notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.35 700.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 89.48 700.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 146.16 700.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 175.08 700.10 Td (attached ) Tj ET Q q 0 0 0 rg BT 212.31 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.33 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.34 700.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 262.91 700.10 Td (will ) Tj ET Q q 0 0 0 rg BT 280.15 700.10 Td (not ) Tj ET Q q 0 0 0 rg BT 295.73 700.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 335.19 700.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 376.31 700.10 Td (for ) Tj ET Q q 0 0 0 rg BT 390.77 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.78 700.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 431.35 700.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 448.04 700.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 485.83 700.10 Td (any ) Tj ET Q q 0 0 0 rg BT 503.06 700.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 528.65 700.10 Td (that ) Tj ET Q q 0 0 0 rg BT 547.00 700.10 Td (will ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 688.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 96.09 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.37 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.65 688.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 154.71 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.54 688.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (There ) Tj ET Q q 0 0 0 rg BT 112.46 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 127.82 658.10 Td (no ) Tj ET Q q 0 0 0 rg BT 140.97 658.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 178.55 658.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 226.15 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 239.30 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.66 658.10 Td (part ) Tj ET Q q 0 0 0 rg BT 273.36 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.84 658.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 305.77 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 317.25 658.10 Td (any ) Tj ET Q q 0 0 0 rg BT 334.84 658.10 Td (third ) Tj ET Q q 0 0 0 rg BT 356.87 658.10 Td (party ) Tj ET Q q 0 0 0 rg BT 380.57 658.10 Td (under ) Tj ET Q q 0 0 0 rg BT 406.49 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.97 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.90 658.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 462.59 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.51 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.88 658.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 509.81 658.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 77.99 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 94.86 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 108.95 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.60 646.10 Td (any ) Tj ET Q q 0 0 0 rg BT 134.91 646.10 Td (way ) Tj ET Q q 0 0 0 rg BT 153.45 646.10 Td (related ) Tj ET Q q 0 0 0 rg BT 182.52 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.18 646.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 230.70 646.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 277.02 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.67 646.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 319.09 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.75 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.84 646.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 383.03 646.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 409.35 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 419.55 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.20 646.10 Td (any ) Tj ET Q q 0 0 0 rg BT 445.52 646.10 Td (way ) Tj ET Q q 0 0 0 rg BT 464.05 646.10 Td (related ) Tj ET Q q 0 0 0 rg BT 493.13 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.78 646.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 527.58 646.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.74 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.81 634.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 139.65 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.72 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.23 634.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 192.19 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 210.03 634.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 230.11 634.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 284.61 634.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 313.02 634.10 Td (attached ) Tj ET Q q 0 0 0 rg BT 348.63 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.70 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.21 634.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 398.84 634.10 Td (will ) Tj ET Q q 0 0 0 rg BT 416.69 634.10 Td (not ) Tj ET Q q 0 0 0 rg BT 431.76 634.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 470.71 634.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 510.21 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 524.16 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.67 634.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 66.18 622.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 111.79 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.98 622.10 Td (any ) Tj ET Q q 0 0 0 rg BT 140.27 622.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 181.44 622.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 208.74 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 219.92 622.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 248.60 622.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 264.79 622.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 301.50 622.10 Td (any ) Tj ET Q q 0 0 0 rg BT 318.80 622.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 343.87 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 355.06 622.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 393.45 622.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.30 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 429.71 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 442.00 622.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 475.95 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.58 622.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 509.17 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.24 622.10 Td (indenture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 78.75 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 89.17 610.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 120.70 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.12 610.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 156.54 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.41 610.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 199.04 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.91 610.10 Td (any ) Tj ET Q q 0 0 0 rg BT 225.44 610.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 265.85 610.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 292.38 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 302.81 610.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 330.73 610.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 364.48 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.90 610.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 400.32 610.10 Td (will ) Tj ET Q q 0 0 0 rg BT 417.97 610.10 Td (have ) Tj ET Q q 0 0 0 rg BT 438.94 610.10 Td (no ) Tj ET Q q 0 0 0 rg BT 451.03 610.10 Td (recourse ) Tj ET Q q 0 0 0 rg BT 486.99 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.86 610.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 516.73 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 527.15 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 538.69 610.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.05 598.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 92.85 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.90 598.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 143.49 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 155.76 598.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 196.35 598.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 223.05 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 233.65 598.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 261.75 598.10 Td (If ) Tj ET Q q 0 0 0 rg BT 270.67 598.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 287.53 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.80 598.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 339.27 598.10 Td (any ) Tj ET Q q 0 0 0 rg BT 355.97 598.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 384.07 598.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 404.12 598.10 Td (will ) Tj ET Q q 0 0 0 rg BT 421.94 598.10 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 474.74 598.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 520.31 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.80 598.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 71.04 586.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 126.50 586.10 Td (Right ) Tj ET Q q 0 0 0 rg BT 151.98 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 166.90 586.10 Td (zero ) Tj ET Q q 0 0 0 rg BT 187.36 586.10 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 246.99 586.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 273.17 586.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 319.73 586.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 367.43 586.10 Td (under ) Tj ET Q q 0 0 0 rg BT 393.45 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.21 586.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 450.34 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.03 586.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 505.72 586.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 549.79 586.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 78.29 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.97 574.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 127.64 574.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 171.74 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.53 574.10 Td (any ) Tj ET Q q 0 0 0 rg BT 199.43 574.10 Td (other ) Tj ET Q q 0 0 0 rg BT 222.44 574.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 266.54 574.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 310.09 574.10 Td (with ) Tj ET Q q 0 0 0 rg BT 330.33 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.01 574.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 366.91 574.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 405.19 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.09 574.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 448.03 574.10 Td (concurrent ) Tj ET Q q 0 0 0 rg BT 493.24 574.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 539.01 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 574.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.70 562.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 99.99 562.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 154.69 562.10 Td (Rights, ) Tj ET Q q 0 0 0 rg BT 185.81 562.10 Td (do ) Tj ET Q q 0 0 0 rg BT 198.31 562.10 Td (not ) Tj ET Q q 0 0 0 rg BT 213.58 562.10 Td (af) Tj ET Q q 0 0 0 rg BT 221.17 562.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 238.66 562.10 Td (investors' ) Tj ET Q q 0 0 0 rg BT 279.07 562.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 304.35 562.10 Td (under ) Tj ET Q q 0 0 0 rg BT 329.61 562.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 359.87 562.10 Td (or ) Tj ET Q q 0 0 0 rg BT 370.70 562.10 Td (state ) Tj ET Q q 0 0 0 rg BT 391.52 562.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 431.79 562.10 Td (laws.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 84.50 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.55 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.05 532.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 129.66 532.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 185.83 532.10 Td (Rights, ) Tj ET Q q 0 0 0 rg BT 216.73 532.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 263.97 532.10 Td (through ) Tj ET Q q 0 0 0 rg BT 299.04 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.54 532.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 355.27 532.10 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 387.27 532.10 Td (have ) Tj ET Q q 0 0 0 rg BT 408.43 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.15 532.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 445.20 532.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 494.15 532.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 521.42 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.92 532.10 Td (enforce ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 77.83 520.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 125.66 520.10 Td (under ) Tj ET Q q 0 0 0 rg BT 152.38 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.09 520.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 231.26 520.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 280.69 520.10 Td (As ) Tj ET Q q 0 0 0 rg BT 293.51 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.78 520.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 328.88 520.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 367.82 520.10 Td (will ) Tj ET Q q 0 0 0 rg BT 385.09 520.10 Td (have ) Tj ET Q q 0 0 0 rg BT 406.79 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 414.06 520.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 444.65 520.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 494.15 520.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 521.96 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.01 520.10 Td (require ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.62 508.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 90.01 508.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 125.84 508.10 Td (its ) Tj ET Q q 0 0 0 rg BT 137.79 508.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 185.85 508.10 Td (under ) Tj ET Q q 0 0 0 rg BT 212.81 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.71 508.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 292.09 508.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 478.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 125.90 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.58 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.62 478.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 218.99 478.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 270.82 478.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 293.50 478.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 332.84 478.10 Td (three ) Tj ET Q q 0 0 0 rg BT 357.73 478.10 Td (kinds ) Tj ET Q q 0 0 0 rg BT 384.30 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.54 478.10 Td (services ) Tj ET Q q 0 0 0 rg BT 434.65 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.33 478.10 Td (PFL: ) Tj ET Q q 0 0 0 rg BT 472.24 478.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 486.58 478.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 512.03 478.10 Td (Marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 113.48 466.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 150.29 466.10 Td (\(managing ) Tj ET Q q 0 0 0 rg BT 195.98 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.12 466.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 251.82 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.08 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 279.33 466.10 Td (marketplace\), ) Tj ET Q q 0 0 0 rg BT 336.95 466.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 352.10 466.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 394.36 466.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 457.84 466.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 494.65 466.10 Td (\(providing ) Tj ET Q q 0 0 0 rg BT 539.79 466.10 Td (back-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 454.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 76.98 454.10 Td (services ) Tj ET Q q 0 0 0 rg BT 113.03 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.65 454.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 148.22 454.10 Td (such ) Tj ET Q q 0 0 0 rg BT 170.39 454.10 Td (as ) Tj ET Q q 0 0 0 rg BT 182.56 454.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 234.17 454.10 Td (books ) Tj ET Q q 0 0 0 rg BT 261.91 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.19 454.10 Td (records, ) Tj ET Q q 0 0 0 rg BT 315.96 454.10 Td (making ) Tj ET Q q 0 0 0 rg BT 349.79 454.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 386.40 454.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 431.33 454.10 Td (filings, ) Tj ET Q q 0 0 0 rg BT 463.23 454.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 512.06 454.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 544.23 454.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (management ) Tj ET Q q 0 0 0 rg BT 104.33 442.10 Td (functions, ) Tj ET Q q 0 0 0 rg BT 147.29 442.10 Td (etc.\), ) Tj ET Q q 0 0 0 rg BT 170.52 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.20 442.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 206.44 442.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 230.22 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.91 442.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 270.59 442.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 312.15 442.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 349.27 442.10 Td (\(servicing ) Tj ET Q q 0 0 0 rg BT 392.50 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.96 442.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 449.52 442.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 477.20 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.88 442.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 521.46 442.10 Td (originated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.80 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.81 430.10 Td (marketplace\). ) Tj ET Q q 0 0 0 rg BT 157.19 430.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 191.54 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.56 430.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 223.03 430.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 277.92 430.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 306.72 430.10 Td (do ) Tj ET Q q 0 0 0 rg BT 319.41 430.10 Td (not ) Tj ET Q q 0 0 0 rg BT 334.88 430.10 Td (have ) Tj ET Q q 0 0 0 rg BT 356.44 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.35 430.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 418.45 430.10 Td (right, ) Tj ET Q q 0 0 0 rg BT 442.53 430.10 Td (individually) Tj ET Q q 0 0 0 rg BT 490.21 430.10 Td (, ) Tj ET Q q 0 0 0 rg BT 495.40 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.86 430.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 538.53 430.10 Td (PMI's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 97.17 418.10 Td (under ) Tj ET Q q 0 0 0 rg BT 122.67 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.01 418.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 199.69 418.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 249.35 418.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 283.74 418.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 335.89 418.10 Td (at ) Tj ET Q q 0 0 0 rg BT 345.84 418.10 Td (least ) Tj ET Q q 0 0 0 rg BT 366.89 418.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 387.95 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.01 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.96 418.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 463.35 418.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 491.91 418.10 Td (collectively) Tj ET Q q 0 0 0 rg BT 537.91 418.10 Td (, ) Tj ET Q q 0 0 0 rg BT 543.14 418.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.76 406.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 111.72 406.10 Td (right ) Tj ET Q q 0 0 0 rg BT 133.15 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.47 406.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 168.22 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.98 406.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 223.29 406.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 252.49 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.81 406.10 Td (take ) Tj ET Q q 0 0 0 rg BT 282.01 406.10 Td (action ) Tj ET Q q 0 0 0 rg BT 308.98 406.10 Td (as ) Tj ET Q q 0 0 0 rg BT 319.86 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.84 406.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 372.14 406.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 419.66 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.53 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.73 406.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 507.26 406.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 554.23 406.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 82.00 394.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 107.50 394.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 158.38 394.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 218.17 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.64 394.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 274.41 394.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 334.21 394.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 380.67 394.10 Td (under ) Tj ET Q q 0 0 0 rg BT 405.47 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.26 394.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 481.39 394.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 530.34 394.10 Td (Holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 102.93 382.10 Td (at ) Tj ET Q q 0 0 0 rg BT 113.66 382.10 Td (least ) Tj ET Q q 0 0 0 rg BT 135.50 382.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 157.34 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.18 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.91 382.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 227.85 382.10 Td (total ) Tj ET Q q 0 0 0 rg BT 249.14 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.98 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.70 382.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 326.88 382.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 352.33 382.10 Td (collectively) Tj ET Q q 0 0 0 rg BT 398.33 382.10 Td (, ) Tj ET Q q 0 0 0 rg BT 404.34 382.10 Td (have ) Tj ET Q q 0 0 0 rg BT 426.72 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.45 382.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 490.38 382.10 Td (right ) Tj ET Q q 0 0 0 rg BT 512.78 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.07 382.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 549.79 382.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 91.24 370.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 121.38 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.63 370.10 Td (take ) Tj ET Q q 0 0 0 rg BT 152.76 370.10 Td (action ) Tj ET Q q 0 0 0 rg BT 180.68 370.10 Td (as ) Tj ET Q q 0 0 0 rg BT 192.48 370.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.40 370.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 246.64 370.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 295.09 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.90 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.83 370.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 385.09 370.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 432.99 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.25 370.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 477.70 370.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 504.66 370.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 525.35 370.10 Td (servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 97.06 358.10 Td (under ) Tj ET Q q 0 0 0 rg BT 122.45 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.71 358.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 199.31 358.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 248.27 358.10 Td (All ) Tj ET Q q 0 0 0 rg BT 263.67 358.10 Td (such ) Tj ET Q q 0 0 0 rg BT 284.62 358.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 326.11 358.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 373.15 358.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 398.55 358.10 Td (are ) Tj ET Q q 0 0 0 rg BT 413.38 358.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 444.33 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.73 358.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 484.55 358.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 528.84 358.10 Td (set ) Tj ET Q q 0 0 0 rg BT 542.56 358.10 Td (forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.27 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.43 346.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 115.79 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.72 346.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 169.65 346.10 Td (Indenture. ) Tj ET Q q 0 0 0 rg BT 212.77 346.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 239.70 346.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 283.85 346.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 318.28 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 332.43 346.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 371.29 346.10 Td (that ) Tj ET Q q 0 0 0 rg BT 388.78 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.48 346.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 435.41 346.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 479.01 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.71 346.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 522.86 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 537.01 346.10 Td (taking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (such ) Tj ET Q q 0 0 0 rg BT 71.30 334.10 Td (action. ) Tj ET Q q 0 0 0 rg BT 101.20 334.10 Td (If ) Tj ET Q q 0 0 0 rg BT 110.83 334.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 131.59 334.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 151.77 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.52 334.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 208.80 334.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 243.98 334.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 267.50 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.91 334.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 307.32 334.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 348.61 334.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 385.46 334.10 Td (under ) Tj ET Q q 0 0 0 rg BT 411.20 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.73 334.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 488.59 334.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 538.49 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 555.90 334.10 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.50 322.10 Td (is ) Tj ET Q q 0 0 0 rg BT 78.81 322.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 108.10 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.52 322.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 146.71 322.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 178.21 322.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 198.64 322.10 Td (as ) Tj ET Q q 0 0 0 rg BT 209.60 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.46 322.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 258.75 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.71 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.57 322.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 313.04 322.10 Td (investors' ) Tj ET Q q 0 0 0 rg BT 353.59 322.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 381.78 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.20 322.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 423.70 322.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 461.88 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.96 322.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 511.03 322.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 551.99 322.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 76.23 310.10 Td (may ) Tj ET Q q 0 0 0 rg BT 96.35 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 108.68 310.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 162.13 310.10 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 203.08 310.10 Td (even ) Tj ET Q q 0 0 0 rg BT 224.85 310.10 Td (if ) Tj ET Q q 0 0 0 rg BT 233.86 310.10 Td (their ) Tj ET Q q 0 0 0 rg BT 255.08 310.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 292.98 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.21 310.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 330.44 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.01 310.10 Td (well ) Tj ET Q q 0 0 0 rg BT 360.12 310.10 Td (diversified ) Tj ET Q q 0 0 0 rg BT 405.79 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.13 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.24 310.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 479.46 310.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 506.80 310.10 Td (are ) Tj ET Q q 0 0 0 rg BT 521.91 310.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 552.02 310.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (schedule. ) Tj ET Q q 0 0 0 rg BT 89.66 298.10 Td (In ) Tj ET Q q 0 0 0 rg BT 100.17 298.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 137.63 298.10 Td (although ) Tj ET Q q 0 0 0 rg BT 174.80 298.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 191.66 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.84 298.10 Td (has ) Tj ET Q q 0 0 0 rg BT 209.35 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.97 298.10 Td (back- ) Tj ET Q q 0 0 0 rg BT 240.35 298.10 Td (up ) Tj ET Q q 0 0 0 rg BT 252.53 298.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 288.59 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.55 298.10 Td (place ) Tj ET Q q 0 0 0 rg BT 321.82 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 335.66 298.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 355.62 298.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.13 298.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 388.86 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.47 298.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 427.09 298.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 462.59 298.10 Td (under ) Tj ET Q q 0 0 0 rg BT 487.53 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 298.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 101.89 286.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 118.75 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.71 286.10 Td (does ) Tj ET Q q 0 0 0 rg BT 147.01 286.10 Td (not ) Tj ET Q q 0 0 0 rg BT 164.75 286.10 Td (have ) Tj ET Q q 0 0 0 rg BT 188.60 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.00 286.10 Td (back-up ) Tj ET Q q 0 0 0 rg BT 235.17 286.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 274.01 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 290.64 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.82 286.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 333.33 286.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 387.17 286.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 452.69 286.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 491.53 286.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.83 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.01 286.10 Td (Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.51 274.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 148.35 274.10 Td (that ) Tj ET Q q 0 0 0 rg BT 165.31 274.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 185.06 274.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.69 274.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 232.87 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.61 274.10 Td (provide. ) Tj ET Q q 0 0 0 rg BT 277.48 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 294.98 274.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 323.04 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.33 274.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 353.08 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.82 274.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 408.10 274.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 442.27 274.10 Td (those ) Tj ET Q q 0 0 0 rg BT 465.34 274.10 Td (services ) Tj ET Q q 0 0 0 rg BT 499.51 274.10 Td (could ) Tj ET Q q 0 0 0 rg BT 523.69 274.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 262.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.94 262.10 Td (investors' ) Tj ET Q q 0 0 0 rg BT 115.21 262.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 143.13 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.27 262.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 183.39 262.10 Td (from ) Tj ET Q q 0 0 0 rg BT 205.20 262.10 Td (those ) Tj ET Q q 0 0 0 rg BT 228.67 262.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 265.74 262.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 291.58 262.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 338.38 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.53 262.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 381.44 262.10 Td (services ) Tj ET Q q 0 0 0 rg BT 416.01 262.10 Td (under ) Tj ET Q q 0 0 0 rg BT 441.14 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.20 262.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 517.59 262.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.72 250.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.66 250.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 126.91 250.10 Td (by ) Tj ET Q q 0 0 0 rg BT 139.41 250.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 159.70 250.10 Td (or ) Tj ET Q q 0 0 0 rg BT 170.53 250.10 Td (by ) Tj ET Q q 0 0 0 rg BT 183.03 250.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 199.89 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.39 250.10 Td (under ) Tj ET Q q 0 0 0 rg BT 227.66 250.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 257.36 250.10 Td (circumstances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 220.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 156.06 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.67 220.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 217.85 220.10 Td (on ) Tj ET Q q 0 0 0 rg BT 231.24 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.86 220.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 275.80 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.53 220.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 320.37 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.09 220.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 353.27 220.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 408.87 220.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 438.38 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.56 220.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 505.15 220.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 538.52 220.10 Td (PMI's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.60 208.10 Td (under ) Tj ET Q q 0 0 0 rg BT 121.52 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.42 208.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 197.65 208.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 246.73 208.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 278.32 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.81 208.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 308.74 208.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 363.10 208.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 391.37 208.10 Td (will ) Tj ET Q q 0 0 0 rg BT 409.08 208.10 Td (have ) Tj ET Q q 0 0 0 rg BT 430.12 208.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 455.05 208.10 Td (under ) Tj ET Q q 0 0 0 rg BT 479.97 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.34 208.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 524.25 208.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 70.83 196.10 Td (that ) Tj ET Q q 0 0 0 rg BT 88.33 196.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.03 196.10 Td (not ) Tj ET Q q 0 0 0 rg BT 118.31 196.10 Td (limited, ) Tj ET Q q 0 0 0 rg BT 151.64 196.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 206.34 196.10 Td (or ) Tj ET Q q 0 0 0 rg BT 217.17 196.10 Td (otherwise.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.93 166.10 Td (Investor ) Tj ET Q q 0 0 0 rg BT 103.65 166.10 Td (Registration ) Tj ET Q q 0 0 0 rg BT 155.77 166.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 202.60 166.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 239.43 166.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 283.49 166.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.43 166.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 322.15 166.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 352.86 166.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 374.69 166.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 400.41 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.57 166.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 449.06 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.23 166.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 493.28 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.89 166.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 521.40 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.23 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.62 166.10 Td (PMI.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 88.09 136.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 109.51 136.10 Td (into ) Tj ET Q q 0 0 0 rg BT 126.51 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.16 136.10 Td (Investor ) Tj ET Q q 0 0 0 rg BT 174.36 136.10 Td (Registration ) Tj ET Q q 0 0 0 rg BT 224.36 136.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 270.22 136.10 Td (with ) Tj ET Q q 0 0 0 rg BT 289.43 136.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 306.29 136.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.73 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.60 136.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 345.32 136.10 Td (which ) Tj ET Q q 0 0 0 rg BT 371.19 136.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 414.27 136.10 Td (governs ) Tj ET Q q 0 0 0 rg BT 447.36 136.10 Td (all ) Tj ET Q q 0 0 0 rg BT 458.79 136.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 479.66 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.43 136.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 514.19 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.40 136.10 Td (investors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.36 124.10 Td (Investor ) Tj ET Q q 0 0 0 rg BT 103.94 124.10 Td (Registration ) Tj ET Q q 0 0 0 rg BT 155.01 124.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 202.24 124.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 238.38 124.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 282.86 124.10 Td (that ) Tj ET Q q 0 0 0 rg BT 300.66 124.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 322.36 124.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 352.38 124.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 374.62 124.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 400.21 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.35 124.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 450.27 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.85 124.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 494.21 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.79 124.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 521.66 124.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.47 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.71 124.10 Td (PMI, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 79.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 79.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 138.37 79.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.95 79.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 175.74 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.21 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.58 79.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 247.36 79.10 Td (by ) Tj ET Q q 0 0 0 rg BT 260.50 79.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 277.37 79.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.51 79.10 Td (or ) Tj ET Q q 0 0 0 rg BT 291.98 79.10 Td (PMl, ) Tj ET Q q 0 0 0 rg BT 314.86 79.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 331.72 79.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.87 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.45 79.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 373.38 79.10 Td (have ) Tj ET Q q 0 0 0 rg BT 395.40 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.76 79.10 Td (option ) Tj ET Q q 0 0 0 rg BT 439.46 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.38 79.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 493.51 79.10 Td (which ) Tj ET Q q 0 0 0 rg BT 521.09 79.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 554.22 79.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 67.10 Td (apply) Tj ET Q q 0 0 0 rg BT 134.57 67.10 Td (. ) Tj ET Q q 0 0 0 rg BT 139.53 67.10 Td (The ) Tj ET Q q 0 0 0 rg BT 157.74 67.10 Td (available ) Tj ET Q q 0 0 0 rg BT 196.48 67.10 Td (remedies ) Tj ET Q q 0 0 0 rg BT 235.24 67.10 Td (are ) Tj ET Q q 0 0 0 rg BT 250.10 67.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 289.96 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.40 67.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 314.71 67.10 Td (cure ) Tj ET Q q 0 0 0 rg BT 334.58 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.45 67.10 Td (breach, ) Tj ET Q q 0 0 0 rg BT 381.26 67.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 395.57 67.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 441.54 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.41 67.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 478.51 67.10 Td (or ) Tj ET Q q 0 0 0 rg BT 489.50 67.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 503.81 67.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 547.58 67.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 55.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 133.28 55.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.00 55.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 182.71 55.10 Td (harmless ) Tj ET Q q 0 0 0 rg BT 220.76 55.10 Td (against ) Tj ET Q q 0 0 0 rg BT 251.58 55.10 Td (all ) Tj ET Q q 0 0 0 rg BT 264.08 55.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 290.47 55.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 327.97 55.10 Td (from ) Tj ET Q q 0 0 0 rg BT 349.90 55.10 Td (such ) Tj ET Q q 0 0 0 rg BT 370.73 55.10 Td (breach.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.72 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 152.79 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.43 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 175.74 742.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 194.71 742.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 239.50 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 260.14 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.33 742.10 Td (without ) Tj ET Q q 0 0 0 rg BT 304.74 742.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 329.81 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.10 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 367.74 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.93 742.10 Td (without ) Tj ET Q q 0 0 0 rg BT 412.35 742.10 Td (notice, ) Tj ET Q q 0 0 0 rg BT 442.14 742.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 472.76 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 485.06 742.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 525.83 742.10 Td (access ) Tj ET Q q 0 0 0 rg BT 554.22 742.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 128.83 730.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 180.19 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.02 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.73 730.10 Td (website.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 712.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 712.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.36 712.10 Td (may ) Tj ET Q q 0 0 0 rg BT 152.08 712.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.36 712.10 Td (its ) Tj ET Q q 0 0 0 rg BT 174.30 712.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 192.91 712.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 234.85 712.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 275.10 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.82 712.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 336.46 712.10 Td (with ) Tj ET Q q 0 0 0 rg BT 356.74 712.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.57 712.10 Td (without ) Tj ET Q q 0 0 0 rg BT 400.63 712.10 Td (cause.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 452.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.39 452.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 128.56 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.84 452.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 164.47 452.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 218.51 452.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 246.47 452.10 Td (will ) Tj ET Q q 0 0 0 rg BT 263.87 452.10 Td (not ) Tj ET Q q 0 0 0 rg BT 278.49 452.10 Td (be ) Tj ET Q q 0 0 0 rg BT 289.77 452.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 313.28 452.10 Td (on ) Tj ET Q q 0 0 0 rg BT 325.12 452.10 Td (any ) Tj ET Q q 0 0 0 rg BT 341.40 452.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 381.01 452.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 420.61 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.89 452.10 Td (all ) Tj ET Q q 0 0 0 rg BT 448.72 452.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 473.90 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.18 452.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 509.80 452.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 79.19 440.10 Td (must ) Tj ET Q q 0 0 0 rg BT 101.71 440.10 Td (be ) Tj ET Q q 0 0 0 rg BT 114.22 440.10 Td (held ) Tj ET Q q 0 0 0 rg BT 134.50 440.10 Td (by ) Tj ET Q q 0 0 0 rg BT 147.57 440.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 173.57 440.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 215.25 440.10 Td (Further) Tj ET Q q 0 0 0 rg BT 244.29 440.10 Td (, ) Tj ET Q q 0 0 0 rg BT 249.86 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.70 440.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 307.65 440.10 Td (with ) Tj ET Q q 0 0 0 rg BT 328.50 440.10 Td (Prosper) Tj ET Q q 0 0 0 rg BT 359.42 440.10 Td () Tj ET Q q 0 0 0 rg BT 362.20 440.10 Td (s ) Tj ET Q q 0 0 0 rg BT 369.16 440.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 418.33 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.73 440.10 Td (its ) Tj ET Q q 0 0 0 rg BT 442.25 440.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 492.53 440.10 Td (with ) Tj ET Q q 0 0 0 rg BT 513.38 440.10 Td (FOLIOfn ) Tj ET Q q 0 0 0 rg BT 554.22 440.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (October ) Tj ET Q q 0 0 0 rg BT 84.78 428.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 109.85 428.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.86 428.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 147.76 428.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 184.77 428.10 Td (for ) Tj ET Q q 0 0 0 rg BT 199.00 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.79 428.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 246.90 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.80 428.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 283.70 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.71 428.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 321.07 428.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 375.84 428.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 404.53 428.10 Td (no ) Tj ET Q q 0 0 0 rg BT 417.10 428.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 445.22 428.10 Td (exists. ) Tj ET Q q 0 0 0 rg BT 473.07 428.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.46 428.10 Td (While ) Tj ET Q q 0 0 0 rg BT 502.47 428.10 Td (we ) Tj ET Q q 0 0 0 rg BT 516.70 428.10 Td (may) Tj ET Q q 0 0 0 rg BT 533.27 428.10 Td (, ) Tj ET Q q 0 0 0 rg BT 538.34 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.69 428.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 68.13 416.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 112.09 416.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 140.22 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.46 416.10 Td (establishment ) Tj ET Q q 0 0 0 rg BT 211.48 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.83 416.10 Td (another ) Tj ET Q q 0 0 0 rg BT 253.85 416.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 290.30 416.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.33 416.10 Td (which ) Tj ET Q q 0 0 0 rg BT 328.79 416.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.26 416.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 377.82 416.10 Td (market ) Tj ET Q q 0 0 0 rg BT 407.61 416.10 Td (may ) Tj ET Q q 0 0 0 rg BT 426.85 416.10 Td (be ) Tj ET Q q 0 0 0 rg BT 438.32 416.10 Td (made ) Tj ET Q q 0 0 0 rg BT 462.00 416.10 Td (with ) Tj ET Q q 0 0 0 rg BT 481.80 416.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 512.14 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.94 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.19 416.10 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (there ) Tj ET Q q 0 0 0 rg BT 72.97 404.10 Td (can ) Tj ET Q q 0 0 0 rg BT 89.82 404.10 Td (be ) Tj ET Q q 0 0 0 rg BT 102.24 404.10 Td (no ) Tj ET Q q 0 0 0 rg BT 115.22 404.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 157.07 404.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.49 404.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 195.80 404.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 233.21 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 247.85 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.05 404.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 289.36 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.78 404.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 327.55 404.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 382.73 404.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 411.83 404.10 Td (will ) Tj ET Q q 0 0 0 rg BT 430.37 404.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 465.00 404.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.76 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.96 404.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 520.10 404.10 Td (Therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (note ) Tj ET Q q 0 0 0 rg BT 69.72 392.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 114.98 392.10 Td (must ) Tj ET Q q 0 0 0 rg BT 136.92 392.10 Td (be ) Tj ET Q q 0 0 0 rg BT 148.86 392.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 186.34 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.62 392.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 216.89 392.10 Td (their ) Tj ET Q q 0 0 0 rg BT 237.72 392.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 263.55 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.49 392.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 300.77 392.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 355.47 392.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 384.09 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.37 392.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 427.60 392.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (In ) Tj ET Q q 0 0 0 rg BT 62.02 362.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 110.15 362.10 Td (with ) Tj ET Q q 0 0 0 rg BT 130.51 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.86 362.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 196.77 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.67 362.10 Td (Prosper) Tj ET Q q 0 0 0 rg BT 240.26 362.10 Td () Tj ET Q q 0 0 0 rg BT 242.85 362.10 Td (s ) Tj ET Q q 0 0 0 rg BT 249.31 362.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 301.34 362.10 Td (with ) Tj ET Q q 0 0 0 rg BT 321.70 362.10 Td (FOLIOfn, ) Tj ET Q q 0 0 0 rg BT 366.77 362.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 406.01 362.10 Td (have ) Tj ET Q q 0 0 0 rg BT 428.02 362.10 Td (no ) Tj ET Q q 0 0 0 rg BT 441.15 362.10 Td (current ) Tj ET Q q 0 0 0 rg BT 474.28 362.10 Td (means ) Tj ET Q q 0 0 0 rg BT 503.52 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.87 362.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 549.22 362.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 76.02 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.28 350.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 115.86 350.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 173.00 350.10 Td (Rights, ) Tj ET Q q 0 0 0 rg BT 204.87 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.12 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.59 350.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 277.97 350.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 297.87 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.90 350.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 345.48 350.10 Td (could ) Tj ET Q q 0 0 0 rg BT 370.95 350.10 Td (render ) Tj ET Q q 0 0 0 rg BT 400.86 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.56 350.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 447.36 350.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 494.50 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.53 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.00 350.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 547.02 350.10 Td (less ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (attractive.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 314.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 109.58 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.93 314.10 Td (October ) Tj ET Q q 0 0 0 rg BT 156.72 314.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 182.80 314.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 205.81 314.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 245.50 314.10 Td (could ) Tj ET Q q 0 0 0 rg BT 271.30 314.10 Td (only ) Tj ET Q q 0 0 0 rg BT 292.65 314.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 316.22 314.10 Td (their ) Tj ET Q q 0 0 0 rg BT 338.12 314.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 365.03 314.10 Td (through ) Tj ET Q q 0 0 0 rg BT 399.71 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.51 314.10 Td (online ) Tj ET Q q 0 0 0 rg BT 444.08 314.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 475.99 314.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 514.00 314.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 552.00 314.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (FOLIOfn, ) Tj ET Q q 0 0 0 rg BT 93.61 302.10 Td (an ) Tj ET Q q 0 0 0 rg BT 106.39 302.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 123.97 302.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 155.63 302.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 198.39 302.10 Td (broker) Tj ET Q q 0 0 0 rg BT 224.29 302.10 Td (-dealer) Tj ET Q q 0 0 0 rg BT 251.49 302.10 Td (. ) Tj ET Q q 0 0 0 rg BT 257.33 302.10 Td (However) Tj ET Q q 0 0 0 rg BT 293.58 302.10 Td (, ) Tj ET Q q 0 0 0 rg BT 299.42 302.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.53 302.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 357.74 302.10 Td (with ) Tj ET Q q 0 0 0 rg BT 378.86 302.10 Td (Prosper) Tj ET Q q 0 0 0 rg BT 409.78 302.10 Td () Tj ET Q q 0 0 0 rg BT 412.56 302.10 Td (s ) Tj ET Q q 0 0 0 rg BT 419.79 302.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 469.23 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.89 302.10 Td (its ) Tj ET Q q 0 0 0 rg BT 493.68 302.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 544.23 302.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (FOLIOfn ) Tj ET Q q 0 0 0 rg BT 90.20 290.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.40 290.10 Td (October ) Tj ET Q q 0 0 0 rg BT 135.02 290.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 159.95 290.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.81 290.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 197.55 290.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 234.41 290.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.49 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.13 290.10 Td (resale ) Tj ET Q q 0 0 0 rg BT 288.87 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.62 290.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 325.37 290.10 Td (no ) Tj ET Q q 0 0 0 rg BT 337.79 290.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 365.76 290.10 Td (exists, ) Tj ET Q q 0 0 0 rg BT 393.46 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.32 290.10 Td (there ) Tj ET Q q 0 0 0 rg BT 432.73 290.10 Td (can ) Tj ET Q q 0 0 0 rg BT 449.03 290.10 Td (be ) Tj ET Q q 0 0 0 rg BT 460.89 290.10 Td (no ) Tj ET Q q 0 0 0 rg BT 473.31 290.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 514.60 290.10 Td (that ) Tj ET Q q 0 0 0 rg BT 532.02 290.10 Td (another ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 80.11 278.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 116.33 278.10 Td (will ) Tj ET Q q 0 0 0 rg BT 133.67 278.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 167.11 278.10 Td (for ) Tj ET Q q 0 0 0 rg BT 180.55 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.55 278.10 Td (resale ) Tj ET Q q 0 0 0 rg BT 219.65 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.76 278.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 254.88 278.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.44 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.44 278.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 306.47 278.10 Td (The ) Tj ET Q q 0 0 0 rg BT 323.80 278.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 360.58 278.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 379.02 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.13 278.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 424.81 278.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.25 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.25 278.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 477.37 278.10 Td (could ) Tj ET Q q 0 0 0 rg BT 501.37 278.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 529.80 278.10 Td (investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 84.16 266.10 Td (for ) Tj ET Q q 0 0 0 rg BT 98.32 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.03 266.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 141.36 266.10 Td (which ) Tj ET Q q 0 0 0 rg BT 168.30 266.10 Td (would ) Tj ET Q q 0 0 0 rg BT 195.80 266.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 236.62 266.10 Td (af) Tj ET Q q 0 0 0 rg BT 244.20 266.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 261.69 266.10 Td (our ) Tj ET Q q 0 0 0 rg BT 277.52 266.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 90.28 236.10 Td (do ) Tj ET Q q 0 0 0 rg BT 102.78 236.10 Td (not ) Tj ET Q q 0 0 0 rg BT 118.62 236.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 140.01 236.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 173.07 236.10 Td (on ) Tj ET Q q 0 0 0 rg BT 186.13 236.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 211.98 236.10 Td (held ) Tj ET Q q 0 0 0 rg BT 232.26 236.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.10 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.37 236.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 281.44 236.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 316.73 236.10 Td (account.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 206.10 Td (An ) Tj ET Q q 0 0 0 rg BT 102.14 206.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 143.97 206.10 Td (account ) Tj ET Q q 0 0 0 rg BT 178.98 206.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 223.43 206.10 Td (an ) Tj ET Q q 0 0 0 rg BT 236.79 206.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 270.14 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.84 206.10 Td (a ) Tj ET Q q 0 0 0 rg BT 290.19 206.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 313.56 206.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 348.59 206.10 Td (account ) Tj ET Q q 0 0 0 rg BT 383.60 206.10 Td (that ) Tj ET Q q 0 0 0 rg BT 402.51 206.10 Td (does ) Tj ET Q q 0 0 0 rg BT 424.76 206.10 Td (not ) Tj ET Q q 0 0 0 rg BT 441.46 206.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 462.58 206.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 498.43 206.10 Td (See ) Tj ET Q q 0 0 0 rg BT 516.79 206.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 549.79 206.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 102.47 194.10 Td (- ) Tj ET Q q 0 0 0 rg BT 108.30 194.10 Td (Investors" ) Tj ET Q q 0 0 0 rg BT 151.54 194.10 Td (for ) Tj ET Q q 0 0 0 rg BT 165.70 194.10 Td (more ) Tj ET Q q 0 0 0 rg BT 188.75 194.10 Td (information.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.61 164.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 88.89 164.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 120.27 164.10 Td (income ) Tj ET Q q 0 0 0 rg BT 152.76 164.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 168.04 164.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 227.20 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.03 164.10 Td (an ) Tj ET Q q 0 0 0 rg BT 251.09 164.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 298.04 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.88 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.16 164.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 349.99 164.10 Td (are ) Tj ET Q q 0 0 0 rg BT 365.82 164.10 Td (uncertain.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 134.10 Td (There ) Tj ET Q q 0 0 0 rg BT 114.63 134.10 Td (are ) Tj ET Q q 0 0 0 rg BT 132.16 134.10 Td (no ) Tj ET Q q 0 0 0 rg BT 147.47 134.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 187.78 134.10 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 237.27 134.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 289.52 134.10 Td (published ) Tj ET Q q 0 0 0 rg BT 333.72 134.10 Td (rulings ) Tj ET Q q 0 0 0 rg BT 366.82 134.10 Td (or ) Tj ET Q q 0 0 0 rg BT 380.46 134.10 Td (judicial ) Tj ET Q q 0 0 0 rg BT 415.77 134.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 458.30 134.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.62 134.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 514.47 134.10 Td (address ) Tj ET Q q 0 0 0 rg BT 549.78 134.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 116.92 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.32 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.61 122.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 170.01 122.10 Td (or ) Tj ET Q q 0 0 0 rg BT 181.42 122.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 231.16 122.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 262.00 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.86 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.15 122.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 314.55 122.10 Td (for ) Tj ET Q q 0 0 0 rg BT 329.28 122.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 350.14 122.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 380.97 122.10 Td (income ) Tj ET Q q 0 0 0 rg BT 413.48 122.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 428.77 122.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 469.89 122.10 Td (However) Tj ET Q q 0 0 0 rg BT 506.14 122.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.72 122.10 Td (although ) Tj ET Q q 0 0 0 rg BT 549.79 122.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 78.24 110.10 Td (is ) Tj ET Q q 0 0 0 rg BT 87.62 110.10 Td (not ) Tj ET Q q 0 0 0 rg BT 103.10 110.10 Td (free ) Tj ET Q q 0 0 0 rg BT 121.33 110.10 Td (from ) Tj ET Q q 0 0 0 rg BT 143.47 110.10 Td (doubt ) Tj ET Q q 0 0 0 rg BT 168.95 110.10 Td (because ) Tj ET Q q 0 0 0 rg BT 203.30 110.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 244.33 110.10 Td (on ) Tj ET Q q 0 0 0 rg BT 257.03 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.95 110.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 297.98 110.10 Td (are ) Tj ET Q q 0 0 0 rg BT 312.89 110.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 356.68 110.10 Td (on ) Tj ET Q q 0 0 0 rg BT 369.39 110.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 410.41 110.10 Td (on ) Tj ET Q q 0 0 0 rg BT 423.11 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.03 110.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 497.94 110.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 538.96 110.10 Td (Loan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 98.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.54 98.10 Td (treats ) Tj ET Q q 0 0 0 rg BT 93.88 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.77 98.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 134.78 98.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.79 98.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 165.69 98.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 215.03 98.10 Td (that ) Tj ET Q q 0 0 0 rg BT 232.71 98.10 Td (have ) Tj ET Q q 0 0 0 rg BT 254.26 98.10 Td (original ) Tj ET Q q 0 0 0 rg BT 288.05 98.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 310.73 98.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 347.29 98.10 Td (\("OID"\) ) Tj ET Q q 0 0 0 rg BT 382.57 98.10 Td (for ) Tj ET Q q 0 0 0 rg BT 396.91 98.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 417.37 98.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 447.81 98.10 Td (income ) Tj ET Q q 0 0 0 rg BT 479.92 98.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 494.82 98.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 535.35 98.10 Td (Where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 87.68 86.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 104.54 86.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.40 86.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 137.15 86.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.79 86.10 Td (file ) Tj ET Q q 0 0 0 rg BT 161.98 86.10 Td (information ) Tj ET Q q 0 0 0 rg BT 211.05 86.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 240.69 86.10 Td (with ) Tj ET Q q 0 0 0 rg BT 260.33 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.41 86.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 294.05 86.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 327.01 86.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 363.86 86.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 395.71 86.10 Td (\("IRS"\) ) Tj ET Q q 0 0 0 rg BT 427.95 86.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.60 86.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 484.42 86.10 Td (with ) Tj ET Q q 0 0 0 rg BT 504.06 86.10 Td (such ) Tj ET Q q 0 0 0 rg BT 524.25 86.10 Td (treatment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 77.76 74.10 Td (there ) Tj ET Q q 0 0 0 rg BT 100.51 74.10 Td (is ) Tj ET Q q 0 0 0 rg BT 109.95 74.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.15 74.10 Td (change ) Tj ET Q q 0 0 0 rg BT 148.23 74.10 Td (or ) Tj ET Q q 0 0 0 rg BT 159.32 74.10 Td (clarification ) Tj ET Q q 0 0 0 rg BT 210.39 74.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.93 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.91 74.10 Td (law) Tj ET Q q 0 0 0 rg BT 249.70 74.10 Td (, ) Tj ET Q q 0 0 0 rg BT 254.97 74.10 Td (by ) Tj ET Q q 0 0 0 rg BT 267.73 74.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 311.04 74.10 Td (or ) Tj ET Q q 0 0 0 rg BT 322.13 74.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 366.27 74.10 Td (that ) Tj ET Q q 0 0 0 rg BT 384.03 74.10 Td (would ) Tj ET Q q 0 0 0 rg BT 411.79 74.10 Td (require ) Tj ET Q q 0 0 0 rg BT 442.87 74.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.07 74.10 Td (dif) Tj ET Q q 0 0 0 rg BT 461.00 74.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 487.08 74.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 553.69 74.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.63 62.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 92.87 62.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 131.94 62.10 Td (should ) Tj ET Q q 0 0 0 rg BT 161.02 62.10 Td (be ) Tj ET Q q 0 0 0 rg BT 172.87 62.10 Td (aware, ) Tj ET Q q 0 0 0 rg BT 201.65 62.10 Td (however) Tj ET Q q 0 0 0 rg BT 235.68 62.10 Td (, ) Tj ET Q q 0 0 0 rg BT 240.59 62.10 Td (that ) Tj ET Q q 0 0 0 rg BT 258.00 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.62 62.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 290.60 62.10 Td (is ) Tj ET Q q 0 0 0 rg BT 299.68 62.10 Td (not ) Tj ET Q q 0 0 0 rg BT 314.87 62.10 Td (bound ) Tj ET Q q 0 0 0 rg BT 342.28 62.10 Td (by ) Tj ET Q q 0 0 0 rg BT 354.69 62.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 380.02 62.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 446.28 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.02 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.65 62.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 497.39 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.24 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.87 62.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 546.84 62.10 Td (or ) Tj ET Q q 0 0 0 rg BT 557.58 62.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.10 Td (court ) Tj ET Q q 0 0 0 rg BT 72.93 50.10 Td (may ) Tj ET Q q 0 0 0 rg BT 92.53 50.10 Td (take ) Tj ET Q q 0 0 0 rg BT 111.57 50.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.39 50.10 Td (dif) Tj ET Q q 0 0 0 rg BT 129.32 50.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 155.01 50.10 Td (position ) Tj ET Q q 0 0 0 rg BT 189.62 50.10 Td (with ) Tj ET Q q 0 0 0 rg BT 209.79 50.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 240.48 50.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.64 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.24 50.10 Td (Notes' ) Tj ET Q q 0 0 0 rg BT 292.76 50.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 321.24 50.10 Td (characterization. ) Tj ET Q q 0 0 0 rg BT 389.97 50.10 Td (For ) Tj ET Q q 0 0 0 rg BT 406.24 50.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 445.00 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.59 50.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 477.54 50.10 Td (could ) Tj ET Q q 0 0 0 rg BT 502.14 50.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 544.50 50.10 Td (that, ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.61 742.10 Td (substance, ) Tj ET Q q 0 0 0 rg BT 102.82 742.10 Td (each ) Tj ET Q q 0 0 0 rg BT 122.97 742.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 157.02 742.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 179.96 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.23 742.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 241.94 742.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 273.21 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.82 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.87 742.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 355.90 742.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 396.06 742.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 418.44 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 431.93 742.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 451.55 742.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 481.13 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 512.40 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 526.45 742.10 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (or) Tj ET Q q 0 0 0 rg BT 57.93 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 62.31 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 75.84 730.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 114.09 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.19 730.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 145.63 730.10 Td (could ) Tj ET Q q 0 0 0 rg BT 169.72 730.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 199.92 730.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 219.57 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.66 730.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 258.87 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 269.07 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 275.39 730.10 Td (dif) Tj ET Q q 0 0 0 rg BT 286.32 730.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 311.51 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 348.37 730.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 393.02 730.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 436.00 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 447.32 730.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 474.19 730.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 505.50 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.71 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.02 730.10 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.45 718.10 Td (instrument\). ) Tj ET Q q 0 0 0 rg BT 137.97 718.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 157.66 718.10 Td (dif) Tj ET Q q 0 0 0 rg BT 168.59 718.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 194.37 718.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 260.68 718.10 Td (could ) Tj ET Q q 0 0 0 rg BT 285.37 718.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 337.82 718.10 Td (af) Tj ET Q q 0 0 0 rg BT 345.41 718.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 362.87 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.55 718.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 412.51 718.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 443.59 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.50 718.10 Td (character ) Tj ET Q q 0 0 0 rg BT 499.60 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.39 718.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 544.79 718.10 Td (gain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.22 706.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 79.68 706.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 126.43 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.10 706.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 168.31 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.53 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.86 706.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 211.69 706.10 Td (For ) Tj ET Q q 0 0 0 rg BT 228.48 706.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 267.74 706.10 Td (if ) Tj ET Q q 0 0 0 rg BT 276.74 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.85 706.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 318.07 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 333.17 706.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 363.26 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 374.49 706.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 400.30 706.10 Td (equity) Tj ET Q q 0 0 0 rg BT 424.65 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 430.04 706.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 442.37 706.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 459.23 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.12 706.10 Td (would ) Tj ET Q q 0 0 0 rg BT 490.02 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 502.35 706.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 533.56 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.23 706.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 79.51 694.10 Td (income ) Tj ET Q q 0 0 0 rg BT 110.69 694.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 124.66 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 136.41 694.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 170.10 694.10 Td (including ) Tj ET Q q 0 0 0 rg BT 209.62 694.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 243.31 694.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 276.14 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 287.90 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.87 694.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 360.82 694.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 400.90 694.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 427.09 694.10 Td (but ) Tj ET Q q 0 0 0 rg BT 441.62 694.10 Td (would ) Tj ET Q q 0 0 0 rg BT 468.37 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 482.90 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 494.09 694.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 525.83 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.36 694.10 Td (deduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.49 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 93.87 682.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 114.70 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 127.75 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.02 682.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 171.90 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.40 682.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 204.67 682.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 246.04 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 259.10 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.37 682.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 300.75 682.10 Td (would ) Tj ET Q q 0 0 0 rg BT 328.80 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 341.29 682.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 371.55 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 384.60 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.87 682.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 422.37 682.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 450.97 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.68 682.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 486.52 682.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 517.32 682.10 Td (income ) Tj ET Q q 0 0 0 rg BT 549.81 682.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 87.19 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 97.15 670.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 137.67 670.10 Td (\(that ) Tj ET Q q 0 0 0 rg BT 157.63 670.10 Td (may ) Tj ET Q q 0 0 0 rg BT 176.48 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 187.55 670.10 Td (ineligible ) Tj ET Q q 0 0 0 rg BT 226.95 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 240.24 670.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 273.52 670.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 294.03 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.00 670.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 323.41 670.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 352.80 670.10 Td (income ) Tj ET Q q 0 0 0 rg BT 383.87 670.10 Td (taxation ) Tj ET Q q 0 0 0 rg BT 417.71 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.68 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.53 670.10 Td (dividends-received ) Tj ET Q q 0 0 0 rg BT 519.24 670.10 Td (deduction\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.72 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.88 658.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 103.26 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.53 658.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 140.40 658.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 177.22 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.60 658.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 223.65 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 234.93 658.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 277.30 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 291.91 658.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 312.63 658.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 343.33 658.10 Td (income ) Tj ET Q q 0 0 0 rg BT 375.71 658.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 390.87 658.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 431.21 658.10 Td (A) Tj ET Q q 0 0 0 rg BT 437.88 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.83 658.10 Td (dif) Tj ET Q q 0 0 0 rg BT 451.76 658.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 478.01 658.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 544.80 658.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 103.19 646.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 133.03 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.44 646.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 181.64 646.10 Td (available ) Tj ET Q q 0 0 0 rg BT 220.92 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.90 646.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 249.53 646.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.17 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 295.36 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.78 646.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 339.80 646.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 379.66 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 395.07 646.10 Td (strongly ) Tj ET Q q 0 0 0 rg BT 431.04 646.10 Td (advised ) Tj ET Q q 0 0 0 rg BT 464.79 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.76 646.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 507.84 646.10 Td (their ) Tj ET Q q 0 0 0 rg BT 529.37 646.10 Td (own ) Tj ET Q q 0 0 0 rg BT 549.79 646.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (advisor ) Tj ET Q q 0 0 0 rg BT 81.90 634.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 122.68 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.37 634.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 157.61 634.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 190.33 634.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 213.62 634.10 Td (local ) Tj ET Q q 0 0 0 rg BT 235.52 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.42 634.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 291.00 634.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 305.68 634.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 363.12 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.92 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.60 634.10 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 429.10 634.10 Td (ownership, ) Tj ET Q q 0 0 0 rg BT 475.73 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.63 634.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 538.99 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 634.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.83 622.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 119.43 622.10 Td (any ) Tj ET Q q 0 0 0 rg BT 136.37 622.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 171.65 622.10 Td (dif) Tj ET Q q 0 0 0 rg BT 182.58 622.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 208.96 622.10 Td (treatments ) Tj ET Q q 0 0 0 rg BT 253.11 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.94 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.65 622.10 Td (Notes\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 77.06 592.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 104.12 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.40 592.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 129.34 592.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 168.07 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.14 592.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 217.20 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 229.26 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 235.77 592.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 256.71 592.10 Td (may ) Tj ET Q q 0 0 0 rg BT 275.43 592.10 Td (be ) Tj ET Q q 0 0 0 rg BT 286.37 592.10 Td (af) Tj ET Q q 0 0 0 rg BT 294.52 592.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 320.45 592.10 Td (by ) Tj ET Q q 0 0 0 rg BT 331.39 592.10 Td (its ) Tj ET Q q 0 0 0 rg BT 342.34 592.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 369.40 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.68 592.10 Td (match ) Tj ET Q q 0 0 0 rg BT 405.74 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.02 592.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 448.20 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.04 592.10 Td (its ) Tj ET Q q 0 0 0 rg BT 468.99 592.10 Td (income ) Tj ET Q q 0 0 0 rg BT 500.49 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.55 592.10 Td (deductions ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.72 580.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 85.00 580.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 116.38 580.10 Td (income ) Tj ET Q q 0 0 0 rg BT 148.88 580.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 164.16 580.10 Td (purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 124.73 550.10 Td (should ) Tj ET Q q 0 0 0 rg BT 153.46 550.10 Td (be ) Tj ET Q q 0 0 0 rg BT 164.96 550.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 190.90 550.10 Td (that ) Tj ET Q q 0 0 0 rg BT 207.96 550.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 232.95 550.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 260.57 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.41 550.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 286.91 550.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 324.52 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.02 550.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 372.52 550.10 Td (on ) Tj ET Q q 0 0 0 rg BT 384.59 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 391.09 550.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 412.60 550.10 Td (may ) Tj ET Q q 0 0 0 rg BT 431.88 550.10 Td (be ) Tj ET Q q 0 0 0 rg BT 443.38 550.10 Td (af) Tj ET Q q 0 0 0 rg BT 450.97 550.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 477.46 550.10 Td (by ) Tj ET Q q 0 0 0 rg BT 489.53 550.10 Td (its ) Tj ET Q q 0 0 0 rg BT 501.04 550.10 Td (ability) Tj ET Q q 0 0 0 rg BT 525.94 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 530.51 550.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.23 550.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 80.09 538.10 Td (income ) Tj ET Q q 0 0 0 rg BT 111.87 538.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 126.42 538.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 166.81 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.93 538.10 Td (match ) Tj ET Q q 0 0 0 rg BT 203.70 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.26 538.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 246.71 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.38 538.10 Td (income ) Tj ET Q q 0 0 0 rg BT 289.15 538.10 Td (it ) Tj ET Q q 0 0 0 rg BT 297.05 538.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 332.14 538.10 Td (from ) Tj ET Q q 0 0 0 rg BT 353.92 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 360.69 538.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 420.24 538.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 460.90 538.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 483.78 538.10 Td (that ) Tj ET Q q 0 0 0 rg BT 501.12 538.10 Td (it ) Tj ET Q q 0 0 0 rg BT 509.01 538.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 533.02 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.63 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.48 526.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 135.32 526.10 Td (that ) Tj ET Q q 0 0 0 rg BT 152.84 526.10 Td (it ) Tj ET Q q 0 0 0 rg BT 160.91 526.10 Td (may ) Tj ET Q q 0 0 0 rg BT 180.65 526.10 Td (be ) Tj ET Q q 0 0 0 rg BT 192.61 526.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 225.11 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.41 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.71 526.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 276.54 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.39 526.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 328.23 526.10 Td (made ) Tj ET Q q 0 0 0 rg BT 352.41 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 364.93 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.66 526.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 405.51 526.10 Td (that ) Tj ET Q q 0 0 0 rg BT 423.02 526.10 Td (it ) Tj ET Q q 0 0 0 rg BT 431.10 526.10 Td (issues. ) Tj ET Q q 0 0 0 rg BT 460.01 526.10 Td (For ) Tj ET Q q 0 0 0 rg BT 476.42 526.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 515.31 526.10 Td (if ) Tj ET Q q 0 0 0 rg BT 523.94 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.67 526.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.82 514.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 94.63 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 105.57 514.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 150.40 514.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 187.44 514.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 207.27 514.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 256.55 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 270.82 514.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 291.21 514.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 321.58 514.10 Td (income ) Tj ET Q q 0 0 0 rg BT 353.62 514.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 368.45 514.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 406.61 514.10 Td (but ) Tj ET Q q 0 0 0 rg BT 422.00 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.83 514.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 496.65 514.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.58 514.10 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.74 502.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 82.54 502.10 Td (there ) Tj ET Q q 0 0 0 rg BT 105.06 502.10 Td (could ) Tj ET Q q 0 0 0 rg BT 129.80 502.10 Td (be ) Tj ET Q q 0 0 0 rg BT 141.77 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.74 502.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 186.26 502.10 Td (mismatch ) Tj ET Q q 0 0 0 rg BT 227.67 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.98 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.72 502.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 281.37 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.23 502.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 317.68 502.10 Td (income ) Tj ET Q q 0 0 0 rg BT 349.64 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.61 502.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 412.47 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.66 502.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 446.97 502.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 477.25 502.10 Td (income ) Tj ET Q q 0 0 0 rg BT 509.21 502.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 523.96 502.10 Td (purposes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 490.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 92.36 490.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 129.86 490.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 144.58 490.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 184.29 490.10 Td (could ) Tj ET Q q 0 0 0 rg BT 209.01 490.10 Td (af) Tj ET Q q 0 0 0 rg BT 216.60 490.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 234.08 490.10 Td (its ) Tj ET Q q 0 0 0 rg BT 246.03 490.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 274.08 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.36 490.10 Td (make ) Tj ET Q q 0 0 0 rg BT 308.52 490.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 349.34 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 361.84 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.56 490.10 Td (Notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.17 460.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 124.46 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.30 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.58 460.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 185.87 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.70 460.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 238.65 460.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 266.71 460.10 Td (could ) Tj ET Q q 0 0 0 rg BT 291.99 460.10 Td (be ) Tj ET Q q 0 0 0 rg BT 303.93 460.10 Td (viewed ) Tj ET Q q 0 0 0 rg BT 334.19 460.10 Td (as ) Tj ET Q q 0 0 0 rg BT 345.59 460.10 Td (creating ) Tj ET Q q 0 0 0 rg BT 381.97 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.47 460.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 423.08 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.91 460.10 Td (interest.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td (As ) Tj ET Q q 0 0 0 rg BT 99.29 430.10 Td (is ) Tj ET Q q 0 0 0 rg BT 108.14 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.54 430.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 156.36 430.10 Td (with ) Tj ET Q q 0 0 0 rg BT 176.31 430.10 Td (other ) Tj ET Q q 0 0 0 rg BT 199.04 430.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 250.08 430.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 282.25 430.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 329.69 430.10 Td (including ) Tj ET Q q 0 0 0 rg BT 369.65 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 385.16 430.10 Td (competitor) Tj ET Q q 0 0 0 rg BT 428.08 430.10 Td (, ) Tj ET Q q 0 0 0 rg BT 432.76 430.10 Td (LendingClub, ) Tj ET Q q 0 0 0 rg BT 490.21 430.10 Td (from ) Tj ET Q q 0 0 0 rg BT 511.83 430.10 Td (time ) Tj ET Q q 0 0 0 rg BT 531.78 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.74 430.10 Td (time, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.08 418.10 Td (may ) Tj ET Q q 0 0 0 rg BT 83.72 418.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 104.47 418.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 139.67 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.42 418.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 188.38 418.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 208.02 418.10 Td (requests ) Tj ET Q q 0 0 0 rg BT 243.21 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.41 418.10 Td (our ) Tj ET Q q 0 0 0 rg BT 269.16 418.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 320.44 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.30 418.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 357.50 418.10 Td (any ) Tj ET Q q 0 0 0 rg BT 374.36 418.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 400.11 418.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 443.07 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.82 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 460.68 418.10 Td (result ) Tj ET Q q 0 0 0 rg BT 485.31 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.06 418.10 Td (such ) Tj ET Q q 0 0 0 rg BT 516.82 418.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 550.34 418.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.27 406.10 Td (own ) Tj ET Q q 0 0 0 rg BT 84.43 406.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 126.93 406.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 166.35 406.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 188.84 406.10 Td (though ) Tj ET Q q 0 0 0 rg BT 218.56 406.10 Td (we ) Tj ET Q q 0 0 0 rg BT 232.16 406.10 Td (will ) Tj ET Q q 0 0 0 rg BT 249.66 406.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 293.80 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.52 406.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 336.56 406.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 376.83 406.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 403.21 406.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 426.81 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.53 406.10 Td (our ) Tj ET Q q 0 0 0 rg BT 451.80 406.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 502.60 406.10 Td (under ) Tj ET Q q 0 0 0 rg BT 527.31 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.47 406.10 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 75.93 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.09 394.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 139.47 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.63 394.10 Td (through ) Tj ET Q q 0 0 0 rg BT 192.45 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.39 394.10 Td (use ) Tj ET Q q 0 0 0 rg BT 225.44 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.48 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.42 394.10 Td (same ) Tj ET Q q 0 0 0 rg BT 277.68 394.10 Td (information ) Tj ET Q q 0 0 0 rg BT 328.61 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.32 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 357.71 394.10 Td (made ) Tj ET Q q 0 0 0 rg BT 383.08 394.10 Td (available ) Tj ET Q q 0 0 0 rg BT 422.89 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.38 394.10 Td (other ) Tj ET Q q 0 0 0 rg BT 458.65 394.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 497.36 394.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 537.18 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.68 394.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 103.36 382.10 Td (such ) Tj ET Q q 0 0 0 rg BT 123.69 382.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 176.23 382.10 Td (may ) Tj ET Q q 0 0 0 rg BT 195.45 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 206.88 382.10 Td (perceived ) Tj ET Q q 0 0 0 rg BT 247.75 382.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.08 382.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 298.42 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.85 382.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 337.40 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.73 382.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 381.66 382.10 Td (For ) Tj ET Q q 0 0 0 rg BT 397.56 382.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 435.93 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 451.26 382.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 484.37 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.70 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.14 382.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 541.46 382.10 Td (Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (may ) Tj ET Q q 0 0 0 rg BT 70.08 370.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 95.15 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.24 370.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 130.32 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.96 370.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 164.66 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.96 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.60 370.10 Td (some ) Tj ET Q q 0 0 0 rg BT 216.58 370.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 243.04 370.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 264.24 370.10 Td (faster) Tj ET Q q 0 0 0 rg BT 286.04 370.10 Td (, ) Tj ET Q q 0 0 0 rg BT 291.41 370.10 Td (than ) Tj ET Q q 0 0 0 rg BT 311.49 370.10 Td (it ) Tj ET Q q 0 0 0 rg BT 319.91 370.10 Td (would ) Tj ET Q q 0 0 0 rg BT 347.78 370.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 368.97 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.62 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.70 370.10 Td (absence ) Tj ET Q q 0 0 0 rg BT 429.21 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.41 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 456.60 370.10 Td (participation, ) Tj ET Q q 0 0 0 rg BT 512.50 370.10 Td (which ) Tj ET Q q 0 0 0 rg BT 539.81 370.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 80.26 358.10 Td (us ) Tj ET Q q 0 0 0 rg BT 91.66 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.93 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.65 358.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 143.58 358.10 Td (that ) Tj ET Q q 0 0 0 rg BT 161.08 358.10 Td (it ) Tj ET Q q 0 0 0 rg BT 169.14 358.10 Td (ensures ) Tj ET Q q 0 0 0 rg BT 201.63 358.10 Td (that ) Tj ET Q q 0 0 0 rg BT 219.12 358.10 Td (one ) Tj ET Q q 0 0 0 rg BT 236.06 358.10 Td (or ) Tj ET Q q 0 0 0 rg BT 246.89 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.61 358.10 Td (other ) Tj ET Q q 0 0 0 rg BT 284.65 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.48 358.10 Td (us ) Tj ET Q q 0 0 0 rg BT 306.88 358.10 Td (generates ) Tj ET Q q 0 0 0 rg BT 347.13 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.85 358.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 395.99 358.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 439.58 358.10 Td (with ) Tj ET Q q 0 0 0 rg BT 459.86 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.58 358.10 Td (loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 328.10 Td (During the quarter ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.74 328.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.34 328.10 Td (, we purchased $1) Tj ET Q q 0 0 0 rg BT 324.16 328.10 Td (18,000 in Notes for investment. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.55 298.10 Td (RISKS RELA) Tj ET Q q 0 0 0 rg BT 122.11 298.10 Td (TED ) Tj ET Q q 0 0 0 rg BT 144.99 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 151.48 298.10 Td (O PFL) Tj ET Q q 0 0 0 rg BT 180.09 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.04 298.10 Td (AND PMI, OUR MARKETPLACE ) Tj ET Q q 0 0 0 rg BT 336.20 298.10 Td (AND OUR ) Tj ET Q q 0 0 0 rg BT 384.54 298.10 Td (ABILITY) Tj ET Q q 0 0 0 rg BT 426.40 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.72 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 435.21 298.10 Td (O SER) Tj ET Q q 0 0 0 rg BT 464.59 298.10 Td (VICE ) Tj ET Q q 0 0 0 rg BT 491.92 298.10 Td (THE NOTES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.96 268.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 102.36 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.21 268.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 173.04 268.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 200.33 268.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 237.05 268.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 281.29 268.10 Td (algorithms ) Tj ET Q q 0 0 0 rg BT 328.04 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.89 268.10 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 376.25 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.09 268.10 Td (if ) Tj ET Q q 0 0 0 rg BT 402.49 268.10 Td (they ) Tj ET Q q 0 0 0 rg BT 421.99 268.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 455.40 268.10 Td (errors, ) Tj ET Q q 0 0 0 rg BT 485.19 268.10 Td (our ) Tj ET Q q 0 0 0 rg BT 501.93 268.10 Td (business ) Tj ET Q q 0 0 0 rg BT 539.24 268.10 Td (could ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 256.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 102.75 256.10 Td (af) Tj ET Q q 0 0 0 rg BT 110.90 256.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 226.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.52 226.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 154.35 226.10 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 185.21 226.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 221.61 226.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 263.85 226.10 Td (algorithms ) Tj ET Q q 0 0 0 rg BT 308.60 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.01 226.10 Td (inputs. ) Tj ET Q q 0 0 0 rg BT 353.78 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 362.42 226.10 Td (e ) Tj ET Q q 0 0 0 rg BT 368.83 226.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 399.68 226.10 Td (on ) Tj ET Q q 0 0 0 rg BT 411.65 226.10 Td (these ) Tj ET Q q 0 0 0 rg BT 434.17 226.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 476.41 226.10 Td (algorithms ) Tj ET Q q 0 0 0 rg BT 521.16 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.57 226.10 Td (inputs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.25 214.10 Td (store, ) Tj ET Q q 0 0 0 rg BT 84.66 214.10 Td (retrieve, ) Tj ET Q q 0 0 0 rg BT 120.16 214.10 Td (process ) Tj ET Q q 0 0 0 rg BT 152.62 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.53 214.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 203.09 214.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 224.71 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 235.51 214.10 Td (well ) Tj ET Q q 0 0 0 rg BT 255.20 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 266.00 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.25 214.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 309.27 214.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 360.59 214.10 Td (features ) Tj ET Q q 0 0 0 rg BT 394.71 214.10 Td (such ) Tj ET Q q 0 0 0 rg BT 415.51 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 426.31 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.99 214.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 474.02 214.10 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 505.65 214.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 546.44 214.10 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 74.25 202.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 115.44 202.10 Td (returns, ) Tj ET Q q 0 0 0 rg BT 148.59 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.90 202.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 209.32 202.10 Td (note, ) Tj ET Q q 0 0 0 rg BT 231.91 202.10 Td (note ) Tj ET Q q 0 0 0 rg BT 252.00 202.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 289.87 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.19 202.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 344.49 202.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 366.80 202.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 420.20 202.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 442.23 202.10 Td (Errors ) Tj ET Q q 0 0 0 rg BT 470.09 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.30 202.10 Td (other ) Tj ET Q q 0 0 0 rg BT 504.72 202.10 Td (design ) Tj ET Q q 0 0 0 rg BT 533.70 202.10 Td (defects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (within ) Tj ET Q q 0 0 0 rg BT 77.64 190.10 Td (these ) Tj ET Q q 0 0 0 rg BT 100.28 190.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 142.63 190.10 Td (algorithms ) Tj ET Q q 0 0 0 rg BT 187.49 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.02 190.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 230.55 190.10 Td (may ) Tj ET Q q 0 0 0 rg BT 249.85 190.10 Td (result ) Tj ET Q q 0 0 0 rg BT 274.16 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.02 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 290.55 190.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 326.51 190.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 371.89 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 385.64 190.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 428.27 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.79 190.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 485.49 190.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 509.23 190.10 Td (introductions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.36 178.10 Td (new ) Tj ET Q q 0 0 0 rg BT 79.06 178.10 Td (features ) Tj ET Q q 0 0 0 rg BT 112.74 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.10 178.10 Td (enhancements, ) Tj ET Q q 0 0 0 rg BT 184.27 178.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 213.52 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.77 178.10 Td (information ) Tj ET Q q 0 0 0 rg BT 277.02 178.10 Td (displayed ) Tj ET Q q 0 0 0 rg BT 317.38 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 329.41 178.10 Td (our ) Tj ET Q q 0 0 0 rg BT 344.77 178.10 Td (website, ) Tj ET Q q 0 0 0 rg BT 379.85 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.22 178.10 Td (result ) Tj ET Q q 0 0 0 rg BT 414.47 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.28 178.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 460.19 178.10 Td (publicity ) Tj ET Q q 0 0 0 rg BT 497.77 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.24 178.10 Td (unfavorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (media ) Tj ET Q q 0 0 0 rg BT 76.50 166.10 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 117.14 166.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 139.75 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.59 166.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.99 166.10 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 210.09 166.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 250.76 166.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 293.92 166.10 Td (inquiries ) Tj ET Q q 0 0 0 rg BT 330.98 166.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.37 166.10 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 394.25 166.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 411.88 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.27 166.10 Td (or ) Tj ET Q q 0 0 0 rg BT 432.66 166.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 465.82 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.66 166.10 Td (our ) Tj ET Q q 0 0 0 rg BT 491.05 166.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 544.22 166.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 92.92 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 103.64 154.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 142.13 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.84 154.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 170.78 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.49 154.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 215.52 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.23 154.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 259.72 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 273.76 154.10 Td (damages, ) Tj ET Q q 0 0 0 rg BT 313.63 154.10 Td (any ) Tj ET Q q 0 0 0 rg BT 330.45 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.16 154.10 Td (which ) Tj ET Q q 0 0 0 rg BT 367.98 154.10 Td (could ) Tj ET Q q 0 0 0 rg BT 392.58 154.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 433.28 154.10 Td (af) Tj ET Q q 0 0 0 rg BT 440.87 154.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 458.24 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 473.95 154.10 Td (business ) Tj ET Q q 0 0 0 rg BT 510.22 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.04 154.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 80.87 142.10 Td (In ) Tj ET Q q 0 0 0 rg BT 93.45 142.10 Td (April ) Tj ET Q q 0 0 0 rg BT 116.82 142.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 141.58 142.10 Td (we ) Tj ET Q q 0 0 0 rg BT 155.50 142.10 Td (became ) Tj ET Q q 0 0 0 rg BT 188.28 142.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 214.41 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.00 142.10 Td (an ) Tj ET Q q 0 0 0 rg BT 236.69 142.10 Td (error ) Tj ET Q q 0 0 0 rg BT 258.38 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.41 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.89 142.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 315.13 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.17 142.10 Td (which ) Tj ET Q q 0 0 0 rg BT 351.86 142.10 Td (we ) Tj ET Q q 0 0 0 rg BT 365.78 142.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 408.56 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.04 142.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 468.61 142.10 Td (net ) Tj ET Q q 0 0 0 rg BT 483.08 142.10 Td (return ) Tj ET Q q 0 0 0 rg BT 509.21 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.91 142.10 Td (seasoned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 95.83 130.10 Td (net ) Tj ET Q q 0 0 0 rg BT 110.58 130.10 Td (return ) Tj ET Q q 0 0 0 rg BT 136.98 130.10 Td (numbers ) Tj ET Q q 0 0 0 rg BT 173.94 130.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 212.01 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.31 130.10 Td (note ) Tj ET Q q 0 0 0 rg BT 242.06 130.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 283.01 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 301.08 130.10 Td (error ) Tj ET Q q 0 0 0 rg BT 323.03 130.10 Td (did ) Tj ET Q q 0 0 0 rg BT 338.33 130.10 Td (not ) Tj ET Q q 0 0 0 rg BT 353.64 130.10 Td (af) Tj ET Q q 0 0 0 rg BT 361.22 130.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 378.73 130.10 Td (any ) Tj ET Q q 0 0 0 rg BT 395.70 130.10 Td (other ) Tj ET Q q 0 0 0 rg BT 418.77 130.10 Td (part ) Tj ET Q q 0 0 0 rg BT 436.84 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.69 130.10 Td (note ) Tj ET Q q 0 0 0 rg BT 467.43 130.10 Td (investors) Tj ET Q q 0 0 0 rg BT 506.13 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.66 130.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 548.67 130.10 Td (nor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (did ) Tj ET Q q 0 0 0 rg BT 64.61 118.10 Td (it ) Tj ET Q q 0 0 0 rg BT 72.00 118.10 Td (af) Tj ET Q q 0 0 0 rg BT 79.59 118.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 96.41 118.10 Td (any ) Tj ET Q q 0 0 0 rg BT 112.68 118.10 Td (other ) Tj ET Q q 0 0 0 rg BT 135.06 118.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 165.77 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.93 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.98 118.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 228.74 118.10 Td (including ) Tj ET Q q 0 0 0 rg BT 268.35 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.40 118.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 311.43 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.70 118.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 375.65 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.81 118.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 404.86 118.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 447.52 118.10 Td (deposits, ) Tj ET Q q 0 0 0 rg BT 484.63 118.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 519.80 118.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 106.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 75.55 106.10 Td (documentation, ) Tj ET Q q 0 0 0 rg BT 139.98 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 150.81 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.52 106.10 Td (note ) Tj ET Q q 0 0 0 rg BT 185.24 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.18 106.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 221.89 106.10 Td (level ) Tj ET Q q 0 0 0 rg BT 243.83 106.10 Td (information ) Tj ET Q q 0 0 0 rg BT 293.54 106.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 331.59 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.87 106.10 Td (investors. ) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (Arrangements ) Tj ET Q q 0 0 0 rg BT 110.47 727.25 Td (for ) Tj ET Q q 0 0 0 rg BT 124.25 727.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 159.15 727.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 197.93 727.25 Td (are ) Tj ET Q q 0 0 0 rg BT 212.82 727.25 Td (limited. ) Tj ET Q q 0 0 0 rg BT 245.22 727.25 Td (If ) Tj ET Q q 0 0 0 rg BT 254.01 727.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 274.46 727.25 Td (fails ) Tj ET Q q 0 0 0 rg BT 293.81 727.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.15 727.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 341.95 727.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 386.86 727.25 Td (or ) Tj ET Q q 0 0 0 rg BT 397.31 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.42 727.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 475.00 727.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 521.56 727.25 Td (is ) Tj ET Q q 0 0 0 rg BT 529.80 727.25 Td (rejected ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.64 715.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 108.84 715.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 123.26 715.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 172.69 715.25 Td (or ) Tj ET Q q 0 0 0 rg BT 184.33 715.25 Td (otherwise\), ) Tj ET Q q 0 0 0 rg BT 232.36 715.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 271.79 715.25 Td (may ) Tj ET Q q 0 0 0 rg BT 291.75 715.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 338.93 715.25 Td (a ) Tj ET Q q 0 0 0 rg BT 346.68 715.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 371.09 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.41 715.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 431.60 715.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 450.46 715.25 Td (in ) Tj ET Q q 0 0 0 rg BT 461.55 715.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 493.18 715.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.27 715.25 Td (their ) Tj ET Q q 0 0 0 rg BT 526.47 715.25 Td (expected ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 89.73 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.79 703.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 140.84 703.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 182.23 703.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.29 703.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 223.62 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.68 703.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 260.20 703.25 Td ( ) Tj ET Q q 0 0 0 rg BT 262.70 703.25 Td (may ) Tj ET Q q 0 0 0 rg BT 282.42 703.25 Td (be ) Tj ET Q q 0 0 0 rg BT 294.36 703.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 325.20 703.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.47 703.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 364.62 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.69 703.25 Td (process ) Tj ET Q q 0 0 0 rg BT 415.74 703.25 Td (repayments ) Tj ET Q q 0 0 0 rg BT 465.45 703.25 Td (from ) Tj ET Q q 0 0 0 rg BT 487.95 703.25 Td (borrowers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 673.25 Td (If ) Tj ET Q q 0 0 0 rg BT 94.45 673.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 114.02 673.25 Td (were ) Tj ET Q q 0 0 0 rg BT 135.23 673.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.79 673.25 Td (become ) Tj ET Q q 0 0 0 rg BT 177.67 673.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 207.79 673.25 Td (to ) Tj ET Q q 0 0 0 rg BT 217.35 673.25 Td (a ) Tj ET Q q 0 0 0 rg BT 223.58 673.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 270.35 673.25 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 319.06 673.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 338.63 673.25 Td (may ) Tj ET Q q 0 0 0 rg BT 357.63 673.25 Td (have ) Tj ET Q q 0 0 0 rg BT 378.29 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.29 673.25 Td (right ) Tj ET Q q 0 0 0 rg BT 412.97 673.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.53 673.25 Td (assume ) Tj ET Q q 0 0 0 rg BT 453.76 673.25 Td (or ) Tj ET Q q 0 0 0 rg BT 463.87 673.25 Td (reject ) Tj ET Q q 0 0 0 rg BT 487.86 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.47 673.25 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 96.50 661.25 Td (between ) Tj ET Q q 0 0 0 rg BT 131.89 661.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 148.75 661.25 Td ( ) Tj ET Q q 0 0 0 rg BT 150.83 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.34 661.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 187.20 661.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 200.94 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.23 661.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 234.53 661.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 273.26 661.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 317.01 661.25 Td (thereof\) ) Tj ET Q q 0 0 0 rg BT 350.73 661.25 Td (because ) Tj ET Q q 0 0 0 rg BT 384.45 661.25 Td (a ) Tj ET Q q 0 0 0 rg BT 390.97 661.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 438.03 661.25 Td (court ) Tj ET Q q 0 0 0 rg BT 460.65 661.25 Td (may ) Tj ET Q q 0 0 0 rg BT 479.95 661.25 Td (disallow ) Tj ET Q q 0 0 0 rg BT 515.91 661.25 Td (termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.92 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.93 649.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 140.27 649.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 188.29 649.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 203.53 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.33 649.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 240.14 649.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 280.38 649.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 325.64 649.25 Td (thereof\). ) Tj ET Q q 0 0 0 rg BT 363.37 649.25 Td (If ) Tj ET Q q 0 0 0 rg BT 373.61 649.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 394.98 649.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 426.88 649.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.25 649.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 476.27 649.25 Td (to ) Tj ET Q q 0 0 0 rg BT 487.63 649.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 523.42 649.25 Td (under ) Tj ET Q q 0 0 0 rg BT 549.78 649.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 113.43 637.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 161.54 637.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 176.89 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.80 637.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 213.71 637.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 254.05 637.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 299.41 637.25 Td (thereof\) ) Tj ET Q q 0 0 0 rg BT 334.75 637.25 Td (without ) Tj ET Q q 0 0 0 rg BT 369.00 637.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 410.46 637.25 Td (assuming ) Tj ET Q q 0 0 0 rg BT 451.92 637.25 Td (it ) Tj ET Q q 0 0 0 rg BT 461.17 637.25 Td (or ) Tj ET Q q 0 0 0 rg BT 473.19 637.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 505.19 637.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.66 637.25 Td (assume ) Tj ET Q q 0 0 0 rg BT 549.79 637.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.96 625.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 160.48 625.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 175.23 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.54 625.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 210.85 625.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 250.60 625.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 295.36 625.25 Td (thereof\), ) Tj ET Q q 0 0 0 rg BT 332.60 625.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 353.48 625.25 Td (would ) Tj ET Q q 0 0 0 rg BT 381.57 625.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 419.10 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.97 625.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 465.27 625.25 Td (its ) Tj ET Q q 0 0 0 rg BT 477.81 625.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 517.56 625.25 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.88 613.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 102.30 613.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.19 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.51 613.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 169.94 613.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 197.48 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.02 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.35 613.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 259.28 613.25 Td (If ) Tj ET Q q 0 0 0 rg BT 269.05 613.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 289.94 613.25 Td (were ) Tj ET Q q 0 0 0 rg BT 312.47 613.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.35 613.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 360.89 613.25 Td (as ) Tj ET Q q 0 0 0 rg BT 372.33 613.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 407.08 613.25 Td (during ) Tj ET Q q 0 0 0 rg BT 436.29 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.62 613.25 Td (pendency ) Tj ET Q q 0 0 0 rg BT 493.04 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.47 613.25 Td (its ) Tj ET Q q 0 0 0 rg BT 517.03 613.25 Td (bankruptcy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 99.69 601.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 144.11 601.25 Td (on ) Tj ET Q q 0 0 0 rg BT 156.87 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.86 601.25 Td (facts ) Tj ET Q q 0 0 0 rg BT 193.50 601.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.70 601.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 270.11 601.25 Td (at ) Tj ET Q q 0 0 0 rg BT 280.09 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.07 601.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 318.11 601.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 334.97 601.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.74 601.25 Td (would ) Tj ET Q q 0 0 0 rg BT 365.50 601.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 408.25 601.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 443.22 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.20 601.25 Td (creation ) Tj ET Q q 0 0 0 rg BT 493.17 601.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.26 601.25 Td (new ) Tj ET Q q 0 0 0 rg BT 523.69 601.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.58 589.25 Td (would ) Tj ET Q q 0 0 0 rg BT 103.72 589.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 140.30 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.21 589.25 Td (be ) Tj ET Q q 0 0 0 rg BT 161.79 589.25 Td (facilitated ) Tj ET Q q 0 0 0 rg BT 203.91 589.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.49 589.25 Td (new ) Tj ET Q q 0 0 0 rg BT 239.29 589.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 264.76 589.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 291.90 589.25 Td (through ) Tj ET Q q 0 0 0 rg BT 325.15 589.25 Td (our ) Tj ET Q q 0 0 0 rg BT 340.63 589.25 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 394.12 589.25 Td (If ) Tj ET Q q 0 0 0 rg BT 402.92 589.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 422.85 589.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 453.30 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.22 589.25 Td (reject ) Tj ET Q q 0 0 0 rg BT 487.56 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 589.25 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 96.90 577.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 111.03 577.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.72 577.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 145.41 577.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 184.53 577.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 228.68 577.25 Td (thereof\), ) Tj ET Q q 0 0 0 rg BT 265.29 577.25 Td (or ) Tj ET Q q 0 0 0 rg BT 276.10 577.25 Td (if ) Tj ET Q q 0 0 0 rg BT 284.68 577.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 304.93 577.25 Td (was ) Tj ET Q q 0 0 0 rg BT 322.96 577.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.21 577.25 Td (default ) Tj ET Q q 0 0 0 rg BT 363.44 577.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.69 577.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 421.15 577.25 Td (its ) Tj ET Q q 0 0 0 rg BT 433.07 577.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 479.99 577.25 Td (thereunder) Tj ET Q q 0 0 0 rg BT 522.34 577.25 Td (, ) Tj ET Q q 0 0 0 rg BT 527.31 577.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.22 577.25 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (was ) Tj ET Q q 0 0 0 rg BT 67.27 565.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 95.64 565.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.13 565.25 Td (cure ) Tj ET Q q 0 0 0 rg BT 124.06 565.25 Td (such ) Tj ET Q q 0 0 0 rg BT 144.10 565.25 Td (default, ) Tj ET Q q 0 0 0 rg BT 176.08 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.02 565.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 208.95 565.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 247.32 565.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 290.71 565.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.75 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.31 565.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 376.20 565.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 422.34 565.25 Td (\(and ) Tj ET Q q 0 0 0 rg BT 441.82 565.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 466.31 565.25 Td (also ) Tj ET Q q 0 0 0 rg BT 484.14 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.07 565.25 Td (other ) Tj ET Q q 0 0 0 rg BT 520.33 565.25 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (thereof\) ) Tj ET Q q 0 0 0 rg BT 83.59 553.25 Td (would ) Tj ET Q q 0 0 0 rg BT 110.54 553.25 Td (be ) Tj ET Q q 0 0 0 rg BT 121.93 553.25 Td (terminated. ) Tj ET Q q 0 0 0 rg BT 169.14 553.25 Td (If ) Tj ET Q q 0 0 0 rg BT 177.74 553.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.91 553.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 211.07 553.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 249.68 553.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 293.30 553.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.57 553.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.31 553.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 379.38 553.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 425.75 553.25 Td (are ) Tj ET Q q 0 0 0 rg BT 439.91 553.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 484.61 553.25 Td (for ) Tj ET Q q 0 0 0 rg BT 498.22 553.25 Td (any ) Tj ET Q q 0 0 0 rg BT 514.61 553.25 Td (reason, ) Tj ET Q q 0 0 0 rg BT 545.16 553.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.02 553.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.25 Td (would ) Tj ET Q q 0 0 0 rg BT 76.79 541.25 Td (attempt ) Tj ET Q q 0 0 0 rg BT 108.58 541.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.15 541.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 150.48 541.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.49 541.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 183.51 541.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 221.96 541.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 268.19 541.25 Td (on ) Tj ET Q q 0 0 0 rg BT 279.99 541.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.00 541.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 334.11 541.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 360.35 541.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.58 541.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 401.70 541.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.28 541.25 Td (a ) Tj ET Q q 0 0 0 rg BT 417.51 541.25 Td (third ) Tj ET Q q 0 0 0 rg BT 438.19 541.25 Td (party ) Tj ET Q q 0 0 0 rg BT 460.53 541.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 496.77 541.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.34 541.25 Td (its ) Tj ET Q q 0 0 0 rg BT 517.58 541.25 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 98.03 529.25 Td (with ) Tj ET Q q 0 0 0 rg BT 118.31 529.25 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 499.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 499.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.31 499.25 Td (has ) Tj ET Q q 0 0 0 rg BT 121.09 499.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 152.96 499.25 Td (into ) Tj ET Q q 0 0 0 rg BT 170.96 499.25 Td (a ) Tj ET Q q 0 0 0 rg BT 177.85 499.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 212.50 499.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 251.61 499.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 295.69 499.25 Td (with ) Tj ET Q q 0 0 0 rg BT 315.92 499.25 Td (a ) Tj ET Q q 0 0 0 rg BT 322.81 499.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 342.47 499.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 381.57 499.25 Td (company ) Tj ET Q q 0 0 0 rg BT 420.68 499.25 Td (that ) Tj ET Q q 0 0 0 rg BT 438.12 499.25 Td (is ) Tj ET Q q 0 0 0 rg BT 447.24 499.25 Td (willing ) Tj ET Q q 0 0 0 rg BT 478.02 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.91 499.25 Td (able ) Tj ET Q q 0 0 0 rg BT 514.01 499.25 Td (to ) Tj ET Q q 0 0 0 rg BT 524.24 499.25 Td (transition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 89.70 487.25 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 153.29 487.25 Td (from ) Tj ET Q q 0 0 0 rg BT 175.77 487.25 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 198.87 487.25 Td (There ) Tj ET Q q 0 0 0 rg BT 225.23 487.25 Td (can ) Tj ET Q q 0 0 0 rg BT 242.15 487.25 Td (be ) Tj ET Q q 0 0 0 rg BT 254.63 487.25 Td (no ) Tj ET Q q 0 0 0 rg BT 267.67 487.25 Td (assurance, ) Tj ET Q q 0 0 0 rg BT 312.08 487.25 Td (however) Tj ET Q q 0 0 0 rg BT 346.10 487.25 Td (, ) Tj ET Q q 0 0 0 rg BT 351.65 487.25 Td (that ) Tj ET Q q 0 0 0 rg BT 369.68 487.25 Td (this ) Tj ET Q q 0 0 0 rg BT 387.17 487.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 422.42 487.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 457.10 487.25 Td (will ) Tj ET Q q 0 0 0 rg BT 475.70 487.25 Td (be ) Tj ET Q q 0 0 0 rg BT 488.18 487.25 Td (able ) Tj ET Q q 0 0 0 rg BT 507.88 487.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.70 487.25 Td (adequately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 84.03 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.07 475.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 136.55 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.70 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.74 475.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 209.23 475.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 249.38 475.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 275.64 475.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.90 475.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 319.56 475.25 Td (If ) Tj ET Q q 0 0 0 rg BT 328.04 475.25 Td (this ) Tj ET Q q 0 0 0 rg BT 344.31 475.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 378.34 475.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 411.81 475.25 Td (assumes ) Tj ET Q q 0 0 0 rg BT 446.97 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.01 475.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 499.48 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.64 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.68 475.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.69 463.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.38 463.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 121.46 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.92 463.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 170.38 463.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 204.28 463.25 Td (may ) Tj ET Q q 0 0 0 rg BT 223.74 463.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 254.88 463.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 297.12 463.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 336.03 463.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 356.87 463.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 394.11 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.58 463.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 444.71 463.25 Td (available ) Tj ET Q q 0 0 0 rg BT 483.05 463.25 Td (for ) Tj ET Q q 0 0 0 rg BT 496.96 463.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 537.54 463.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 463.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 78.22 451.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 128.13 451.25 Td (, ) Tj ET Q q 0 0 0 rg BT 133.70 451.25 Td (transferring ) Tj ET Q q 0 0 0 rg BT 183.42 451.25 Td (these ) Tj ET Q q 0 0 0 rg BT 207.04 451.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 246.77 451.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 294.28 451.25 Td (to ) Tj ET Q q 0 0 0 rg BT 305.13 451.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.42 451.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 355.70 451.25 Td (servicer) Tj ET Q q 0 0 0 rg BT 386.95 451.25 Td (, ) Tj ET Q q 0 0 0 rg BT 392.52 451.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 441.68 451.25 Td (if ) Tj ET Q q 0 0 0 rg BT 450.86 451.25 Td (such ) Tj ET Q q 0 0 0 rg BT 472.27 451.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 505.88 451.25 Td (is ) Tj ET Q q 0 0 0 rg BT 515.62 451.25 Td (made ) Tj ET Q q 0 0 0 rg BT 540.35 451.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 70.07 439.25 Td (is ) Tj ET Q q 0 0 0 rg BT 79.03 439.25 Td (in ) Tj ET Q q 0 0 0 rg BT 89.10 439.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 136.37 439.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.10 439.25 Td (already ) Tj ET Q q 0 0 0 rg BT 184.81 439.25 Td (defaulting ) Tj ET Q q 0 0 0 rg BT 227.64 439.25 Td (in ) Tj ET Q q 0 0 0 rg BT 237.71 439.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 290.52 439.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.14 439.25 Td (its ) Tj ET Q q 0 0 0 rg BT 312.88 439.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 359.61 439.25 Td (under ) Tj ET Q q 0 0 0 rg BT 384.67 439.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.67 439.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 461.01 439.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 510.22 439.25 Td (may ) Tj ET Q q 0 0 0 rg BT 529.72 439.25 Td (result ) Tj ET Q q 0 0 0 rg BT 554.23 439.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 77.92 427.25 Td (in ) Tj ET Q q 0 0 0 rg BT 88.06 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.65 427.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 147.79 427.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.49 427.25 Td (collections ) Tj ET Q q 0 0 0 rg BT 204.18 427.25 Td (on ) Tj ET Q q 0 0 0 rg BT 216.55 427.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 257.24 427.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 284.05 427.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.85 427.25 Td (information ) Tj ET Q q 0 0 0 rg BT 350.44 427.25 Td (with ) Tj ET Q q 0 0 0 rg BT 370.58 427.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 401.27 427.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.42 427.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 447.67 427.25 Td (owed ) Tj ET Q q 0 0 0 rg BT 471.70 427.25 Td (on ) Tj ET Q q 0 0 0 rg BT 484.07 427.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 524.76 427.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 551.57 427.25 Td (or) Tj ET Q q 0 0 0 rg BT 559.50 427.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.25 Td (if ) Tj ET Q q 0 0 0 rg BT 57.86 415.25 Td (our ) Tj ET Q q 0 0 0 rg BT 72.93 415.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 123.54 415.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 160.27 415.25 Td (inoperable, ) Tj ET Q q 0 0 0 rg BT 206.72 415.25 Td (may ) Tj ET Q q 0 0 0 rg BT 225.68 415.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 257.42 415.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.38 415.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 305.33 415.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 338.73 415.25 Td (from ) Tj ET Q q 0 0 0 rg BT 359.91 415.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 398.31 415.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.28 415.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 452.34 415.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 478.53 415.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.72 415.25 Td (making ) Tj ET Q q 0 0 0 rg BT 526.46 415.25 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.92 403.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 100.84 403.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 142.65 403.25 Td (on ) Tj ET Q q 0 0 0 rg BT 156.13 403.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.83 403.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 201.15 403.25 Td (If ) Tj ET Q q 0 0 0 rg BT 211.29 403.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.99 403.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 262.68 403.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 297.81 403.25 Td (is ) Tj ET Q q 0 0 0 rg BT 307.97 403.25 Td (not ) Tj ET Q q 0 0 0 rg BT 324.23 403.25 Td (able ) Tj ET Q q 0 0 0 rg BT 344.37 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.63 403.25 Td (service ) Tj ET Q q 0 0 0 rg BT 387.43 403.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.13 403.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 444.93 403.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 472.86 403.25 Td (and ) Tj ET Q q 0 0 0 rg BT 490.78 403.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 517.59 403.25 Td (ef) Tj ET Q q 0 0 0 rg BT 525.18 403.25 Td (fectively) Tj ET Q q 0 0 0 rg BT 559.51 403.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.25 Td (investors' ) Tj ET Q q 0 0 0 rg BT 90.63 391.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 118.90 391.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.40 391.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 160.98 391.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 199.24 391.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.40 391.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 248.55 391.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 289.60 391.25 Td (on ) Tj ET Q q 0 0 0 rg BT 302.32 391.25 Td (your ) Tj ET Q q 0 0 0 rg BT 323.37 391.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 349.42 391.25 Td (may ) Tj ET Q q 0 0 0 rg BT 369.36 391.25 Td (be ) Tj ET Q q 0 0 0 rg BT 381.51 391.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 434.79 391.25 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 475.55 391.25 Td (even ) Tj ET Q q 0 0 0 rg BT 497.14 391.25 Td (if ) Tj ET Q q 0 0 0 rg BT 505.97 391.25 Td (their ) Tj ET Q q 0 0 0 rg BT 527.02 391.25 Td (portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 379.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 86.66 379.25 Td (is ) Tj ET Q q 0 0 0 rg BT 95.83 379.25 Td (well ) Tj ET Q q 0 0 0 rg BT 115.55 379.25 Td (diversified ) Tj ET Q q 0 0 0 rg BT 160.81 379.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.75 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.47 379.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 252.17 379.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 292.99 379.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 319.93 379.25 Td (are ) Tj ET Q q 0 0 0 rg BT 334.64 379.25 Td (paying ) Tj ET Q q 0 0 0 rg BT 364.36 379.25 Td (on ) Tj ET Q q 0 0 0 rg BT 376.86 379.25 Td (schedule.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 349.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.16 349.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 133.26 349.25 Td (it ) Tj ET Q q 0 0 0 rg BT 140.65 349.25 Td (is ) Tj ET Q q 0 0 0 rg BT 149.14 349.25 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 183.75 349.25 Td (that ) Tj ET Q q 0 0 0 rg BT 200.57 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.62 349.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 248.65 349.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 282.13 349.25 Td (would ) Tj ET Q q 0 0 0 rg BT 308.95 349.25 Td (be ) Tj ET Q q 0 0 0 rg BT 320.22 349.25 Td (able ) Tj ET Q q 0 0 0 rg BT 338.71 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 348.31 349.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 382.35 349.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 421.39 349.25 Td (other ) Tj ET Q q 0 0 0 rg BT 443.77 349.25 Td (than ) Tj ET Q q 0 0 0 rg BT 462.81 349.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 501.30 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.34 349.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.65 337.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 117.42 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.19 337.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 162.35 337.25 Td (For ) Tj ET Q q 0 0 0 rg BT 178.58 337.25 Td (instance, ) Tj ET Q q 0 0 0 rg BT 216.17 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.72 337.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 265.26 337.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 299.24 337.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 324.34 337.25 Td (would ) Tj ET Q q 0 0 0 rg BT 351.67 337.25 Td (not ) Tj ET Q q 0 0 0 rg BT 366.78 337.25 Td (be ) Tj ET Q q 0 0 0 rg BT 378.55 337.25 Td (able ) Tj ET Q q 0 0 0 rg BT 397.54 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.65 337.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 444.96 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.50 337.25 Td (creation ) Tj ET Q q 0 0 0 rg BT 494.04 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.70 337.25 Td (new ) Tj ET Q q 0 0 0 rg BT 523.69 337.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.77 325.25 Td (through ) Tj ET Q q 0 0 0 rg BT 110.22 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 125.89 325.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 177.08 325.25 Td (or ) Tj ET Q q 0 0 0 rg BT 187.75 325.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 221.18 325.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 246.44 325.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 289.32 325.25 Td (ef) Tj ET Q q 0 0 0 rg BT 296.90 325.25 Td (forts. ) Tj ET Q q 0 0 0 rg BT 320.07 325.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 336.93 325.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.27 325.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 374.37 325.25 Td (that ) Tj ET Q q 0 0 0 rg BT 391.70 325.25 Td (it ) Tj ET Q q 0 0 0 rg BT 399.59 325.25 Td (could ) Tj ET Q q 0 0 0 rg BT 424.15 325.25 Td (find ) Tj ET Q q 0 0 0 rg BT 442.59 325.25 Td (one ) Tj ET Q q 0 0 0 rg BT 459.37 325.25 Td (or ) Tj ET Q q 0 0 0 rg BT 470.03 325.25 Td (more ) Tj ET Q q 0 0 0 rg BT 492.92 325.25 Td (other ) Tj ET Q q 0 0 0 rg BT 515.80 325.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 544.79 325.25 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.54 313.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 109.07 313.25 Td (these ) Tj ET Q q 0 0 0 rg BT 131.94 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.71 313.25 Td (any ) Tj ET Q q 0 0 0 rg BT 165.47 313.25 Td (other ) Tj ET Q q 0 0 0 rg BT 188.34 313.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 227.88 313.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 269.07 313.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.17 313.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 300.39 313.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 332.13 313.25 Td (our ) Tj ET Q q 0 0 0 rg BT 347.79 313.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 398.97 313.25 Td (in ) Tj ET Q q 0 0 0 rg BT 409.07 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.61 313.25 Td (absence ) Tj ET Q q 0 0 0 rg BT 457.58 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.24 313.25 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 490.84 313.25 Td (However) Tj ET Q q 0 0 0 rg BT 527.09 313.25 Td (, ) Tj ET Q q 0 0 0 rg BT 531.92 313.25 Td (it ) Tj ET Q q 0 0 0 rg BT 539.80 313.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (take ) Tj ET Q q 0 0 0 rg BT 69.51 301.25 Td (some ) Tj ET Q q 0 0 0 rg BT 93.46 301.25 Td (time ) Tj ET Q q 0 0 0 rg BT 114.09 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.72 301.25 Td (find ) Tj ET Q q 0 0 0 rg BT 143.68 301.25 Td (another ) Tj ET Q q 0 0 0 rg BT 176.51 301.25 Td (such ) Tj ET Q q 0 0 0 rg BT 197.69 301.25 Td (party ) Tj ET Q q 0 0 0 rg BT 221.09 301.25 Td (or ) Tj ET Q q 0 0 0 rg BT 232.27 301.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 261.78 301.25 Td (who ) Tj ET Q q 0 0 0 rg BT 281.85 301.25 Td (could ) Tj ET Q q 0 0 0 rg BT 306.92 301.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 341.97 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.04 301.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 398.76 301.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 438.83 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.12 301.25 Td (it ) Tj ET Q q 0 0 0 rg BT 464.52 301.25 Td (could ) Tj ET Q q 0 0 0 rg BT 489.59 301.25 Td (take ) Tj ET Q q 0 0 0 rg BT 509.10 301.25 Td (such ) Tj ET Q q 0 0 0 rg BT 530.28 301.25 Td (party ) Tj ET Q q 0 0 0 rg BT 553.67 301.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 79.16 289.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.65 289.25 Td (time ) Tj ET Q q 0 0 0 rg BT 141.92 289.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.20 289.25 Td (become ) Tj ET Q q 0 0 0 rg BT 185.79 289.25 Td (comfortable ) Tj ET Q q 0 0 0 rg BT 236.60 289.25 Td (with ) Tj ET Q q 0 0 0 rg BT 256.88 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.60 289.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 311.86 289.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.69 289.25 Td (our ) Tj ET Q q 0 0 0 rg BT 338.52 289.25 Td (marketplace.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 259.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 125.03 259.25 Td (, ) Tj ET Q q 0 0 0 rg BT 129.44 259.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 149.14 259.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 172.17 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.52 259.25 Td (has ) Tj ET Q q 0 0 0 rg BT 203.76 259.25 Td (not ) Tj ET Q q 0 0 0 rg BT 218.46 259.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 263.68 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.37 259.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 290.23 259.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.14 259.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 335.72 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.96 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.09 259.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 399.77 259.25 Td (hardware ) Tj ET Q q 0 0 0 rg BT 438.88 259.25 Td (that ) Tj ET Q q 0 0 0 rg BT 455.79 259.25 Td (it ) Tj ET Q q 0 0 0 rg BT 463.26 259.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 482.40 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.09 259.25 Td (host ) Tj ET Q q 0 0 0 rg BT 510.67 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.03 259.25 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.79 247.25 Td (website ) Tj ET Q q 0 0 0 rg BT 97.92 247.25 Td (or ) Tj ET Q q 0 0 0 rg BT 108.83 247.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 156.93 247.25 Td (with ) Tj ET Q q 0 0 0 rg BT 177.29 247.25 Td (third ) Tj ET Q q 0 0 0 rg BT 198.75 247.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 227.99 247.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 261.11 247.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.46 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.25 247.25 Td (hosting ) Tj ET Q q 0 0 0 rg BT 318.28 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.30 247.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 388.40 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.31 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.10 247.25 Td (website. ) Tj ET Q q 0 0 0 rg BT 449.16 247.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 489.51 247.25 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 515.57 247.25 Td (retention ) Tj ET Q q 0 0 0 rg BT 553.69 247.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.46 235.25 Td (hardware ) Tj ET Q q 0 0 0 rg BT 109.78 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.34 235.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 174.00 235.25 Td (should ) Tj ET Q q 0 0 0 rg BT 202.80 235.25 Td (not ) Tj ET Q q 0 0 0 rg BT 217.70 235.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 237.03 235.25 Td (on ) Tj ET Q q 0 0 0 rg BT 249.16 235.25 Td (a ) Tj ET Q q 0 0 0 rg BT 255.72 235.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 302.83 235.25 Td (court's ) Tj ET Q q 0 0 0 rg BT 331.20 235.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 365.54 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.00 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.34 235.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 411.90 235.25 Td (separateness ) Tj ET Q q 0 0 0 rg BT 464.00 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.45 235.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 494.36 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.93 235.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 527.79 235.25 Td ( ) Tj ET Q q 0 0 0 rg BT 529.91 235.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 543.70 235.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.39 223.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 117.57 223.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.86 223.25 Td (liabilities\), ) Tj ET Q q 0 0 0 rg BT 178.76 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.83 223.25 Td (cessation ) Tj ET Q q 0 0 0 rg BT 231.34 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.52 223.25 Td (or ) Tj ET Q q 0 0 0 rg BT 251.70 223.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 296.33 223.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 335.95 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.13 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.20 223.25 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 405.37 223.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 448.88 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.06 223.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 478.70 223.25 Td (\(because ) Tj ET Q q 0 0 0 rg BT 515.52 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.71 223.25 Td (or ) Tj ET Q q 0 0 0 rg BT 535.89 223.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (its ) Tj ET Q q 0 0 0 rg BT 62.16 211.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 109.85 211.25 Td (or ) Tj ET Q q 0 0 0 rg BT 120.89 211.25 Td (otherwise\) ) Tj ET Q q 0 0 0 rg BT 165.81 211.25 Td (would ) Tj ET Q q 0 0 0 rg BT 193.52 211.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 236.77 211.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 265.58 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.73 211.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 307.09 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.02 211.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 350.28 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.32 211.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 378.18 211.25 Td ( ) Tj ET Q q 0 0 0 rg BT 380.89 211.25 Td (or ) Tj ET Q q 0 0 0 rg BT 391.93 211.25 Td (a ) Tj ET Q q 0 0 0 rg BT 399.08 211.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 434.00 211.25 Td (service ) Tj ET Q q 0 0 0 rg BT 465.02 211.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 501.61 211.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.10 211.25 Td (retrieve ) Tj ET Q q 0 0 0 rg BT 545.34 211.25 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.57 199.25 Td (information ) Tj ET Q q 0 0 0 rg BT 115.92 199.25 Td (in ) Tj ET Q q 0 0 0 rg BT 125.84 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.19 199.25 Td (possession ) Tj ET Q q 0 0 0 rg BT 185.11 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.58 199.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 215.50 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.07 199.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.98 199.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 273.54 199.25 Td (our ) Tj ET Q q 0 0 0 rg BT 289.01 199.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 340.00 199.25 Td (or ) Tj ET Q q 0 0 0 rg BT 350.47 199.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 388.15 199.25 Td (thereof ) Tj ET Q q 0 0 0 rg BT 418.60 199.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 452.94 199.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.85 199.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 503.31 199.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 525.99 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 542.57 199.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (servicing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 157.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 105.58 157.25 Td (such ) Tj ET Q q 0 0 0 rg BT 126.26 157.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 150.27 157.25 Td (or ) Tj ET Q q 0 0 0 rg BT 160.96 157.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 209.41 157.25 Td (that ) Tj ET Q q 0 0 0 rg BT 226.76 157.25 Td (did ) Tj ET Q q 0 0 0 rg BT 241.89 157.25 Td (not ) Tj ET Q q 0 0 0 rg BT 257.03 157.25 Td (af) Tj ET Q q 0 0 0 rg BT 264.62 157.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 281.96 157.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 315.98 157.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 337.77 157.25 Td (holders, ) Tj ET Q q 0 0 0 rg BT 372.06 157.25 Td (because ) Tj ET Q q 0 0 0 rg BT 406.06 157.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 422.92 157.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.28 157.25 Td (or ) Tj ET Q q 0 0 0 rg BT 435.96 157.25 Td (its ) Tj ET Q q 0 0 0 rg BT 447.77 157.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 482.33 157.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 516.33 157.25 Td (proves ) Tj ET Q q 0 0 0 rg BT 545.34 157.25 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.97 145.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 96.59 145.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 135.44 145.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 184.30 145.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 224.81 145.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 251.44 145.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.07 145.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 296.09 145.25 Td (could ) Tj ET Q q 0 0 0 rg BT 320.50 145.25 Td (nonetheless ) Tj ET Q q 0 0 0 rg BT 369.35 145.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 393.19 145.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 418.31 145.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 446.05 145.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.02 145.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 493.19 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.60 145.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 553.67 145.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.25 Td (new ) Tj ET Q q 0 0 0 rg BT 69.45 133.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 110.57 133.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 137.80 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.03 133.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 177.82 133.25 Td (new ) Tj ET Q q 0 0 0 rg BT 197.28 133.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 223.40 133.25 Td (through ) Tj ET Q q 0 0 0 rg BT 257.30 133.25 Td (our ) Tj ET Q q 0 0 0 rg BT 273.42 133.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 327.57 133.25 Td (which ) Tj ET Q q 0 0 0 rg BT 354.80 133.25 Td (could ) Tj ET Q q 0 0 0 rg BT 379.81 133.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 420.92 133.25 Td (af) Tj ET Q q 0 0 0 rg BT 428.51 133.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 446.29 133.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 472.01 133.25 Td (finances ) Tj ET Q q 0 0 0 rg BT 508.12 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.35 133.25 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (relationships) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.12 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 58.75 742.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 90.81 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 101.78 742.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 143.84 742.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 189.26 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 209.11 742.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 250.05 742.25 Td (af) Tj ET Q q 0 0 0 rg BT 258.20 742.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 275.82 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.90 742.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 339.70 742.25 Td (which ) Tj ET Q q 0 0 0 rg BT 367.34 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 387.18 742.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 431.46 742.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 461.87 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 478.95 742.25 Td (business ) Tj ET Q q 0 0 0 rg BT 516.59 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.78 742.25 Td (results ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 730.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.25 Td (As ) Tj ET Q q 0 0 0 rg BT 99.76 700.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.85 700.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 139.50 700.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 193.51 700.25 Td (we ) Tj ET Q q 0 0 0 rg BT 207.82 700.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 239.34 700.25 Td (our ) Tj ET Q q 0 0 0 rg BT 255.32 700.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 298.52 700.25 Td (are ) Tj ET Q q 0 0 0 rg BT 313.37 700.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 341.58 700.25 Td (susceptible ) Tj ET Q q 0 0 0 rg BT 388.67 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.09 700.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 452.83 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.92 700.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 506.44 700.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 536.03 700.25 Td (real ) Tj ET Q q 0 0 0 rg BT 553.67 700.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (perceived, ) Tj ET Q q 0 0 0 rg BT 94.43 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.28 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.57 688.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 155.29 688.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 183.91 688.25 Td (by) Tj ET Q q 0 0 0 rg BT 193.26 688.25 Td (, ) Tj ET Q q 0 0 0 rg BT 198.83 688.25 Td (among ) Tj ET Q q 0 0 0 rg BT 229.12 688.25 Td (other ) Tj ET Q q 0 0 0 rg BT 252.74 688.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 285.51 688.25 Td (general ) Tj ET Q q 0 0 0 rg BT 318.01 688.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 359.95 688.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 404.69 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 415.53 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.82 688.25 Td (United ) Tj ET Q q 0 0 0 rg BT 461.11 688.25 Td (States ) Tj ET Q q 0 0 0 rg BT 488.07 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.57 688.25 Td (abroad. ) Tj ET Q q 0 0 0 rg BT 538.13 688.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (external ) Tj ET Q q 0 0 0 rg BT 85.77 676.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 128.20 676.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 173.43 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.43 676.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 229.99 676.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 257.99 676.25 Td (or ) Tj ET Q q 0 0 0 rg BT 269.89 676.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 324.54 676.25 Td (could ) Tj ET Q q 0 0 0 rg BT 350.32 676.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 392.20 676.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 422.97 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 439.87 676.25 Td (customers' ) Tj ET Q q 0 0 0 rg BT 485.78 676.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 514.89 676.25 Td (or ) Tj ET Q q 0 0 0 rg BT 526.79 676.25 Td (desire ) Tj ET Q q 0 0 0 rg BT 554.23 676.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 95.26 664.25 Td (on ) Tj ET Q q 0 0 0 rg BT 108.32 664.25 Td (our ) Tj ET Q q 0 0 0 rg BT 124.72 664.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 176.64 664.25 Td (as ) Tj ET Q q 0 0 0 rg BT 188.03 664.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 231.63 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 243.03 664.25 Td (investors, ) Tj ET Q q 0 0 0 rg BT 284.70 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.20 664.25 Td (consequently ) Tj ET Q q 0 0 0 rg BT 358.03 664.25 Td (could ) Tj ET Q q 0 0 0 rg BT 383.31 664.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 428.02 664.25 Td (af) Tj ET Q q 0 0 0 rg BT 435.61 664.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 453.66 664.25 Td (our ) Tj ET Q q 0 0 0 rg BT 470.05 664.25 Td (business ) Tj ET Q q 0 0 0 rg BT 507.00 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.51 664.25 Td (results ) Tj ET Q q 0 0 0 rg BT 553.68 664.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.12 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 57.68 622.25 Td (relatively ) Tj ET Q q 0 0 0 rg BT 97.00 622.25 Td (small ) Tj ET Q q 0 0 0 rg BT 120.79 622.25 Td (number ) Tj ET Q q 0 0 0 rg BT 154.58 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.47 622.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 202.70 622.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 234.81 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.15 622.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 283.51 622.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 340.07 622.25 Td (for ) Tj ET Q q 0 0 0 rg BT 353.85 622.25 Td (a ) Tj ET Q q 0 0 0 rg BT 360.41 622.25 Td (large ) Tj ET Q q 0 0 0 rg BT 383.08 622.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 429.63 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.52 622.25 Td (all ) Tj ET Q q 0 0 0 rg BT 451.64 622.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 492.65 622.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 519.78 622.25 Td (originated ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (through ) Tj ET Q q 0 0 0 rg BT 85.85 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 102.81 610.25 Td (marketplace.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 580.25 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.39 580.25 Td (relatively ) Tj ET Q q 0 0 0 rg BT 135.88 580.25 Td (small ) Tj ET Q q 0 0 0 rg BT 160.27 580.25 Td (number ) Tj ET Q q 0 0 0 rg BT 193.54 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.59 580.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 243.43 580.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 276.70 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.64 580.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 325.47 580.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 382.64 580.25 Td (for ) Tj ET Q q 0 0 0 rg BT 397.02 580.25 Td (a ) Tj ET Q q 0 0 0 rg BT 404.18 580.25 Td (lar) Tj ET Q q 0 0 0 rg BT 414.55 580.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 426.71 580.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 472.74 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.79 580.25 Td (all ) Tj ET Q q 0 0 0 rg BT 496.51 580.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.56 580.25 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 92.48 568.25 Td (through ) Tj ET Q q 0 0 0 rg BT 125.53 568.25 Td (our ) Tj ET Q q 0 0 0 rg BT 140.80 568.25 Td (marketplace.If ) Tj ET Q q 0 0 0 rg BT 205.76 568.25 Td (these ) Tj ET Q q 0 0 0 rg BT 228.25 568.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 266.30 568.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 289.89 568.25 Td (or ) Tj ET Q q 0 0 0 rg BT 300.16 568.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 352.09 568.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 388.44 568.25 Td (their ) Tj ET Q q 0 0 0 rg BT 408.71 568.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 454.53 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 464.25 568.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 504.51 568.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 530.89 568.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.63 556.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 116.78 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.51 556.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 150.37 556.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.67 556.25 Td (is ) Tj ET Q q 0 0 0 rg BT 161.63 556.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 190.58 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 200.65 556.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 227.93 556.25 Td (suf) Tj ET Q q 0 0 0 rg BT 239.97 556.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 267.81 556.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 302.32 556.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 340.15 556.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 396.88 556.25 Td (from ) Tj ET Q q 0 0 0 rg BT 418.62 556.25 Td (new ) Tj ET Q q 0 0 0 rg BT 437.57 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 454.31 556.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 488.27 556.25 Td (investors, ) Tj ET Q q 0 0 0 rg BT 529.17 556.25 Td (then ) Tj ET Q q 0 0 0 rg BT 548.68 556.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (business ) Tj ET Q q 0 0 0 rg BT 86.39 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.33 544.25 Td (results ) Tj ET Q q 0 0 0 rg BT 131.94 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.77 544.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 186.92 544.25 Td (may ) Tj ET Q q 0 0 0 rg BT 206.64 544.25 Td (be ) Tj ET Q q 0 0 0 rg BT 218.58 544.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 259.39 544.25 Td (af) Tj ET Q q 0 0 0 rg BT 266.98 544.25 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.17 514.25 Td (business ) Tj ET Q q 0 0 0 rg BT 106.69 514.25 Td (could ) Tj ET Q q 0 0 0 rg BT 131.97 514.25 Td (be ) Tj ET Q q 0 0 0 rg BT 143.91 514.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 184.72 514.25 Td (af) Tj ET Q q 0 0 0 rg BT 192.87 514.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 219.79 514.25 Td (by ) Tj ET Q q 0 0 0 rg BT 231.73 514.25 Td (a ) Tj ET Q q 0 0 0 rg BT 239.23 514.25 Td (weakening ) Tj ET Q q 0 0 0 rg BT 286.18 514.25 Td (market ) Tj ET Q q 0 0 0 rg BT 317.57 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 332.29 514.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 373.68 514.25 Td (backed ) Tj ET Q q 0 0 0 rg BT 405.05 514.25 Td (by ) Tj ET Q q 0 0 0 rg BT 416.99 514.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 460.05 514.25 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 484.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 484.25 Td ( ) Tj ET Q q 0 0 0 rg BT 106.12 484.25 Td (is ) Tj ET Q q 0 0 0 rg BT 116.05 484.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 154.31 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.35 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.83 484.25 Td (securitization ) Tj ET Q q 0 0 0 rg BT 237.96 484.25 Td (market ) Tj ET Q q 0 0 0 rg BT 268.98 484.25 Td (through ) Tj ET Q q 0 0 0 rg BT 303.35 484.25 Td (its ) Tj ET Q q 0 0 0 rg BT 316.06 484.25 Td (business ) Tj ET Q q 0 0 0 rg BT 353.22 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.81 484.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 394.74 484.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 419.11 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 430.15 484.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 469.52 484.25 Td (who, ) Tj ET Q q 0 0 0 rg BT 492.50 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 503.54 484.25 Td (turn, ) Tj ET Q q 0 0 0 rg BT 525.41 484.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 542.56 484.25 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (backed ) Tj ET Q q 0 0 0 rg BT 79.75 472.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 118.95 472.25 Td (based ) Tj ET Q q 0 0 0 rg BT 143.15 472.25 Td (on ) Tj ET Q q 0 0 0 rg BT 154.58 472.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 206.54 472.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 225.19 472.25 Td (portfolios. ) Tj ET Q q 0 0 0 rg BT 270.51 472.25 Td (If ) Tj ET Q q 0 0 0 rg BT 278.60 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.25 472.25 Td (market ) Tj ET Q q 0 0 0 rg BT 321.45 472.25 Td (for ) Tj ET Q q 0 0 0 rg BT 334.54 472.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 355.42 472.25 Td (backed ) Tj ET Q q 0 0 0 rg BT 385.16 472.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 424.36 472.25 Td (based ) Tj ET Q q 0 0 0 rg BT 448.56 472.25 Td (on ) Tj ET Q q 0 0 0 rg BT 460.00 472.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 500.31 472.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 525.07 472.25 Td (weakens, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 87.91 460.25 Td (may ) Tj ET Q q 0 0 0 rg BT 106.93 460.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 130.37 460.25 Td (or ) Tj ET Q q 0 0 0 rg BT 140.50 460.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 192.29 460.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 228.51 460.25 Td (their ) Tj ET Q q 0 0 0 rg BT 248.64 460.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 281.54 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.68 460.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 331.80 460.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 358.04 460.25 Td (through ) Tj ET Q q 0 0 0 rg BT 390.95 460.25 Td (our ) Tj ET Q q 0 0 0 rg BT 406.08 460.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 456.73 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.97 460.25 Td (if ) Tj ET Q q 0 0 0 rg BT 480.88 460.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 497.74 460.25 Td ( ) Tj ET Q q 0 0 0 rg BT 499.54 460.25 Td (has ) Tj ET Q q 0 0 0 rg BT 514.67 460.25 Td (been ) Tj ET Q q 0 0 0 rg BT 535.35 460.25 Td (unable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.35 448.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 87.90 448.25 Td (suf) Tj ET Q q 0 0 0 rg BT 99.94 448.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 128.05 448.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 162.84 448.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 200.94 448.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 257.95 448.25 Td (from ) Tj ET Q q 0 0 0 rg BT 279.96 448.25 Td (new ) Tj ET Q q 0 0 0 rg BT 299.19 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.20 448.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 350.43 448.25 Td (investors, ) Tj ET Q q 0 0 0 rg BT 391.61 448.25 Td (then ) Tj ET Q q 0 0 0 rg BT 411.40 448.25 Td (our ) Tj ET Q q 0 0 0 rg BT 427.30 448.25 Td (business ) Tj ET Q q 0 0 0 rg BT 463.76 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.77 448.25 Td (results ) Tj ET Q q 0 0 0 rg BT 509.45 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.35 448.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.72 436.25 Td (be ) Tj ET Q q 0 0 0 rg BT 81.66 436.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 122.47 436.25 Td (af) Tj ET Q q 0 0 0 rg BT 130.06 436.25 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 92.12 406.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 110.63 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.84 406.25 Td (has ) Tj ET Q q 0 0 0 rg BT 131.50 406.25 Td (been ) Tj ET Q q 0 0 0 rg BT 154.14 406.25 Td (organized ) Tj ET Q q 0 0 0 rg BT 197.91 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 209.45 406.25 Td (a ) Tj ET Q q 0 0 0 rg BT 217.66 406.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 253.10 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 272.42 406.25 Td (is ) Tj ET Q q 0 0 0 rg BT 282.29 406.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 321.06 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 332.04 406.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 373.03 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.01 406.25 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 433.33 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 452.66 406.25 Td (it ) Tj ET Q q 0 0 0 rg BT 461.42 406.25 Td (will ) Tj ET Q q 0 0 0 rg BT 479.63 406.25 Td (become ) Tj ET Q q 0 0 0 rg BT 513.93 406.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 546.02 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 557.00 406.25 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 99.45 394.25 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 150.28 394.25 Td (if ) Tj ET Q q 0 0 0 rg BT 159.16 394.25 Td (this ) Tj ET Q q 0 0 0 rg BT 176.95 394.25 Td (were ) Tj ET Q q 0 0 0 rg BT 199.17 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.73 394.25 Td (occur) Tj ET Q q 0 0 0 rg BT 232.51 394.25 Td (, ) Tj ET Q q 0 0 0 rg BT 237.79 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.35 394.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 280.03 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.14 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.70 394.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 340.04 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.15 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.71 394.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 392.81 394.25 Td (could ) Tj ET Q q 0 0 0 rg BT 418.37 394.25 Td (be ) Tj ET Q q 0 0 0 rg BT 430.59 394.25 Td (uncertain, ) Tj ET Q q 0 0 0 rg BT 475.88 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.22 394.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 535.89 394.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.23 394.25 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.55 382.25 Td (may ) Tj ET Q q 0 0 0 rg BT 95.00 382.25 Td (be ) Tj ET Q q 0 0 0 rg BT 106.66 382.25 Td (limited, ) Tj ET Q q 0 0 0 rg BT 139.71 382.25 Td (suspended ) Tj ET Q q 0 0 0 rg BT 184.72 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 195.83 382.25 Td (stopped. ) Tj ET Q q 0 0 0 rg BT 231.67 382.25 Td (The ) Tj ET Q q 0 0 0 rg BT 250.00 382.25 Td (recovery) Tj ET Q q 0 0 0 rg BT 284.60 382.25 Td (, ) Tj ET Q q 0 0 0 rg BT 289.33 382.25 Td (if ) Tj ET Q q 0 0 0 rg BT 297.66 382.25 Td (any) Tj ET Q q 0 0 0 rg BT 312.29 382.25 Td (, ) Tj ET Q q 0 0 0 rg BT 317.01 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.57 382.25 Td (a ) Tj ET Q q 0 0 0 rg BT 334.79 382.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 363.69 382.25 Td (on ) Tj ET Q q 0 0 0 rg BT 376.47 382.25 Td (a ) Tj ET Q q 0 0 0 rg BT 383.70 382.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 405.36 382.25 Td (may ) Tj ET Q q 0 0 0 rg BT 424.80 382.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 464.79 382.25 Td (be ) Tj ET Q q 0 0 0 rg BT 476.46 382.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 530.92 382.25 Td (delayed ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.06 370.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 122.80 370.25 Td (less ) Tj ET Q q 0 0 0 rg BT 140.30 370.25 Td (than ) Tj ET Q q 0 0 0 rg BT 161.70 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.98 370.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 216.70 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.77 370.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 267.82 370.25 Td (due ) Tj ET Q q 0 0 0 rg BT 285.32 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.38 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.66 370.25 Td (become ) Tj ET Q q 0 0 0 rg BT 347.26 370.25 Td (due ) Tj ET Q q 0 0 0 rg BT 364.76 370.25 Td (on ) Tj ET Q q 0 0 0 rg BT 377.82 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.10 370.25 Td (Note.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 340.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 126.86 340.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 143.72 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.81 340.25 Td (has ) Tj ET Q q 0 0 0 rg BT 163.22 340.25 Td (been ) Tj ET Q q 0 0 0 rg BT 185.18 340.25 Td (or) Tj ET Q q 0 0 0 rg BT 193.33 340.25 Td (ganized ) Tj ET Q q 0 0 0 rg BT 227.51 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.03 340.25 Td (is ) Tj ET Q q 0 0 0 rg BT 254.78 340.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 292.29 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.15 340.25 Td (a ) Tj ET Q q 0 0 0 rg BT 310.67 340.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 343.74 340.25 Td (that ) Tj ET Q q 0 0 0 rg BT 361.82 340.25 Td (is ) Tj ET Q q 0 0 0 rg BT 371.57 340.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 409.09 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 419.95 340.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 460.80 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.10 340.25 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 519.74 340.25 Td (that ) Tj ET Q q 0 0 0 rg BT 537.82 340.25 Td (it ) Tj ET Q q 0 0 0 rg BT 546.46 340.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (become ) Tj ET Q q 0 0 0 rg BT 84.08 328.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 115.39 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.15 328.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.58 328.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 181.55 328.25 Td (or ) Tj ET Q q 0 0 0 rg BT 192.87 328.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 223.63 328.25 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 273.54 328.25 Td (if ) Tj ET Q q 0 0 0 rg BT 282.63 328.25 Td (this ) Tj ET Q q 0 0 0 rg BT 300.06 328.25 Td (were ) Tj ET Q q 0 0 0 rg BT 322.48 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.24 328.25 Td (occur) Tj ET Q q 0 0 0 rg BT 355.05 328.25 Td (, ) Tj ET Q q 0 0 0 rg BT 360.53 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.74 328.25 Td (recovery) Tj ET Q q 0 0 0 rg BT 410.06 328.25 Td (, ) Tj ET Q q 0 0 0 rg BT 415.55 328.25 Td (if ) Tj ET Q q 0 0 0 rg BT 424.64 328.25 Td (any) Tj ET Q q 0 0 0 rg BT 438.43 328.25 Td (, ) Tj ET Q q 0 0 0 rg BT 443.92 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.23 328.25 Td (a ) Tj ET Q q 0 0 0 rg BT 462.66 328.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 491.19 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 502.51 328.25 Td (a ) Tj ET Q q 0 0 0 rg BT 509.93 328.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 532.36 328.25 Td (may ) Tj ET Q q 0 0 0 rg BT 552.56 328.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 103.74 316.25 Td (delayed ) Tj ET Q q 0 0 0 rg BT 138.01 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 148.97 316.25 Td (time ) Tj ET Q q 0 0 0 rg BT 169.93 316.25 Td (\(for ) Tj ET Q q 0 0 0 rg BT 188.11 316.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 227.66 316.25 Td (due ) Tj ET Q q 0 0 0 rg BT 245.28 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.25 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.65 316.25 Td (imposition ) Tj ET Q q 0 0 0 rg BT 317.61 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.13 316.25 Td (a ) Tj ET Q q 0 0 0 rg BT 336.75 316.25 Td (stay ) Tj ET Q q 0 0 0 rg BT 356.04 316.25 Td (on ) Tj ET Q q 0 0 0 rg BT 369.22 316.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 410.73 316.25 Td (by ) Tj ET Q q 0 0 0 rg BT 423.92 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.32 316.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 487.49 316.25 Td (court\) ) Tj ET Q q 0 0 0 rg BT 514.55 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.17 316.25 Td (may ) Tj ET Q q 0 0 0 rg BT 552.57 316.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 102.84 304.25 Td (less ) Tj ET Q q 0 0 0 rg BT 120.12 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 130.19 304.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 162.47 304.25 Td (than ) Tj ET Q q 0 0 0 rg BT 181.97 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.47 304.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 234.30 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.02 304.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.74 304.25 Td (due ) Tj ET Q q 0 0 0 rg BT 299.46 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.19 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.25 304.25 Td (become ) Tj ET Q q 0 0 0 rg BT 359.63 304.25 Td (due ) Tj ET Q q 0 0 0 rg BT 376.35 304.25 Td (on ) Tj ET Q q 0 0 0 rg BT 388.64 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.14 304.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 424.86 304.25 Td (even ) Tj ET Q q 0 0 0 rg BT 446.03 304.25 Td (if ) Tj ET Q q 0 0 0 rg BT 454.42 304.25 Td (a ) Tj ET Q q 0 0 0 rg BT 461.14 304.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 482.87 304.25 Td (holder's ) Tj ET Q q 0 0 0 rg BT 516.39 304.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 553.67 304.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 76.30 292.25 Td (is ) Tj ET Q q 0 0 0 rg BT 85.94 292.25 Td (well ) Tj ET Q q 0 0 0 rg BT 106.12 292.25 Td (diversified ) Tj ET Q q 0 0 0 rg BT 151.85 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.26 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.44 292.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 225.73 292.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 253.14 292.25 Td (are ) Tj ET Q q 0 0 0 rg BT 268.31 292.25 Td (paying ) Tj ET Q q 0 0 0 rg BT 298.50 292.25 Td (on ) Tj ET Q q 0 0 0 rg BT 311.46 292.25 Td (schedule. ) Tj ET Q q 0 0 0 rg BT 351.92 292.25 Td (For ) Tj ET Q q 0 0 0 rg BT 368.78 292.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 408.12 292.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 424.98 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 427.94 292.25 Td (has ) Tj ET Q q 0 0 0 rg BT 444.24 292.25 Td (structured ) Tj ET Q q 0 0 0 rg BT 487.20 292.25 Td (its ) Tj ET Q q 0 0 0 rg BT 499.61 292.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 530.91 292.25 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (company ) Tj ET Q q 0 0 0 rg BT 89.21 280.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 135.90 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.90 280.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 182.09 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.43 280.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 234.97 280.25 Td (in ) Tj ET Q q 0 0 0 rg BT 245.30 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.50 280.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 300.94 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.93 280.25 Td (Restated ) Tj ET Q q 0 0 0 rg BT 354.92 280.25 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 398.28 280.25 Td (that ) Tj ET Q q 0 0 0 rg BT 415.83 280.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 437.28 280.25 Td (its ) Tj ET Q q 0 0 0 rg BT 449.28 280.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 487.93 280.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.26 280.25 Td (a ) Tj ET Q q 0 0 0 rg BT 505.26 280.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 537.80 280.25 Td (that ) Tj ET Q q 0 0 0 rg BT 555.34 280.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 86.95 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.24 268.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 118.64 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.37 268.25 Td (possibility ) Tj ET Q q 0 0 0 rg BT 177.56 268.25 Td (that ) Tj ET Q q 0 0 0 rg BT 195.06 268.25 Td (it ) Tj ET Q q 0 0 0 rg BT 203.13 268.25 Td (would ) Tj ET Q q 0 0 0 rg BT 230.64 268.25 Td (voluntarily ) Tj ET Q q 0 0 0 rg BT 277.04 268.25 Td (file ) Tj ET Q q 0 0 0 rg BT 292.88 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 307.05 268.25 Td (or ) Tj ET Q q 0 0 0 rg BT 317.89 268.25 Td (could ) Tj ET Q q 0 0 0 rg BT 342.62 268.25 Td (be ) Tj ET Q q 0 0 0 rg BT 354.57 268.25 Td (required ) Tj ET Q q 0 0 0 rg BT 390.40 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.69 268.25 Td (file ) Tj ET Q q 0 0 0 rg BT 416.53 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 430.70 268.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 475.03 268.25 Td (. ) Tj ET Q q 0 0 0 rg BT 479.49 268.25 Td (Among ) Tj ET Q q 0 0 0 rg BT 512.00 268.25 Td (other ) Tj ET Q q 0 0 0 rg BT 535.06 268.25 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.48 256.25 Td (must ) Tj ET Q q 0 0 0 rg BT 91.55 256.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 123.03 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.87 256.25 Td (af) Tj ET Q q 0 0 0 rg BT 145.46 256.25 Td (firmative ) Tj ET Q q 0 0 0 rg BT 184.73 256.25 Td (vote ) Tj ET Q q 0 0 0 rg BT 204.57 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.52 256.25 Td (its ) Tj ET Q q 0 0 0 rg BT 227.59 256.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 279.08 256.25 Td (board ) Tj ET Q q 0 0 0 rg BT 304.47 256.25 Td (members ) Tj ET Q q 0 0 0 rg BT 343.75 256.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.15 256.25 Td (file ) Tj ET Q q 0 0 0 rg BT 370.09 256.25 Td (for ) Tj ET Q q 0 0 0 rg BT 384.38 256.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 428.71 256.25 Td (. ) Tj ET Q q 0 0 0 rg BT 433.64 256.25 Td (There ) Tj ET Q q 0 0 0 rg BT 459.58 256.25 Td (is ) Tj ET Q q 0 0 0 rg BT 468.87 256.25 Td (no ) Tj ET Q q 0 0 0 rg BT 481.49 256.25 Td (guarantee, ) Tj ET Q q 0 0 0 rg BT 525.48 256.25 Td (however) Tj ET Q q 0 0 0 rg BT 559.50 256.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.46 244.25 Td (its ) Tj ET Q q 0 0 0 rg BT 79.38 244.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 94.06 244.25 Td (income ) Tj ET Q q 0 0 0 rg BT 125.96 244.25 Td (from ) Tj ET Q q 0 0 0 rg BT 147.86 244.25 Td (license ) Tj ET Q q 0 0 0 rg BT 178.10 244.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 196.66 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.57 244.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 233.25 244.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 272.38 244.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 290.94 244.25 Td (will ) Tj ET Q q 0 0 0 rg BT 308.97 244.25 Td (be ) Tj ET Q q 0 0 0 rg BT 320.88 244.25 Td (suf) Tj ET Q q 0 0 0 rg BT 332.92 244.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 360.93 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.17 244.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 391.97 244.25 Td (its ) Tj ET Q q 0 0 0 rg BT 403.89 244.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 448.57 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.48 244.25 Td (other ) Tj ET Q q 0 0 0 rg BT 488.49 244.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 528.18 244.25 Td (or ) Tj ET Q q 0 0 0 rg BT 538.97 244.25 Td (that ) Tj ET Q q 0 0 0 rg BT 556.44 244.25 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (will ) Tj ET Q q 0 0 0 rg BT 68.28 232.25 Td (not ) Tj ET Q q 0 0 0 rg BT 83.77 232.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 106.48 232.25 Td (into ) Tj ET Q q 0 0 0 rg BT 124.75 232.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 175.23 232.25 Td (that ) Tj ET Q q 0 0 0 rg BT 192.95 232.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 217.87 232.25 Td (it ) Tj ET Q q 0 0 0 rg BT 226.15 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 236.65 232.25 Td (face ) Tj ET Q q 0 0 0 rg BT 256.01 232.25 Td (solvency ) Tj ET Q q 0 0 0 rg BT 294.28 232.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 320.89 232.25 Td (that ) Tj ET Q q 0 0 0 rg BT 338.60 232.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 381.87 232.25 Td (could ) Tj ET Q q 0 0 0 rg BT 406.80 232.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 431.73 232.25 Td (it ) Tj ET Q q 0 0 0 rg BT 440.00 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 450.50 232.25 Td (file ) Tj ET Q q 0 0 0 rg BT 466.54 232.25 Td (for ) Tj ET Q q 0 0 0 rg BT 480.92 232.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 525.26 232.25 Td (. ) Tj ET Q q 0 0 0 rg BT 530.48 232.25 Td (Further) Tj ET Q q 0 0 0 rg BT 559.52 232.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (although ) Tj ET Q q 0 0 0 rg BT 87.04 220.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 103.90 220.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.95 220.25 Td (has ) Tj ET Q q 0 0 0 rg BT 121.33 220.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 153.36 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.62 220.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 207.44 220.25 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 238.64 220.25 Td (for ) Tj ET Q q 0 0 0 rg BT 252.35 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.61 220.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 296.42 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 306.80 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.06 220.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 342.55 220.25 Td (holders, ) Tj ET Q q 0 0 0 rg BT 376.53 220.25 Td (a ) Tj ET Q q 0 0 0 rg BT 383.02 220.25 Td (security ) Tj ET Q q 0 0 0 rg BT 416.72 220.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 448.20 220.25 Td (in ) Tj ET Q q 0 0 0 rg BT 458.03 220.25 Td (all ) Tj ET Q q 0 0 0 rg BT 470.07 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.45 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.71 220.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 535.08 220.25 Td (Loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (all ) Tj ET Q q 0 0 0 rg BT 62.24 208.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 102.82 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.50 208.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 157.29 208.25 Td (it ) Tj ET Q q 0 0 0 rg BT 165.09 208.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 200.09 208.25 Td (on ) Tj ET Q q 0 0 0 rg BT 212.34 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.80 208.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 286.26 208.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 326.83 208.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 353.51 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.20 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 380.22 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.69 208.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 416.37 208.25 Td (account ) Tj ET Q q 0 0 0 rg BT 449.72 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 459.74 208.25 Td (which ) Tj ET Q q 0 0 0 rg BT 486.43 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.89 208.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 541.46 208.25 Td (Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.98 196.25 Td (are ) Tj ET Q q 0 0 0 rg BT 105.84 196.25 Td (deposited, ) Tj ET Q q 0 0 0 rg BT 149.32 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.19 196.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 196.28 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.26 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.13 196.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 248.11 196.25 Td (would ) Tj ET Q q 0 0 0 rg BT 275.77 196.25 Td (still ) Tj ET Q q 0 0 0 rg BT 293.42 196.25 Td (be ) Tj ET Q q 0 0 0 rg BT 305.51 196.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 336.49 196.25 Td (to ) Tj ET Q q 0 0 0 rg BT 346.92 196.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 368.47 196.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 412.21 196.25 Td (with ) Tj ET Q q 0 0 0 rg BT 432.65 196.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 458.22 196.25 Td (insolvency) Tj ET Q q 0 0 0 rg BT 500.90 196.25 Td (, ) Tj ET Q q 0 0 0 rg BT 506.05 196.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 553.69 196.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 184.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 87.21 184.25 Td (proceeding.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.93 154.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 78.45 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.16 154.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 118.86 154.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 150.46 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.94 154.25 Td (a ) Tj ET Q q 0 0 0 rg BT 168.66 154.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 218.04 154.25 Td (or ) Tj ET Q q 0 0 0 rg BT 229.64 154.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 261.25 154.25 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 312.01 154.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 356.39 154.25 Td (may ) Tj ET Q q 0 0 0 rg BT 376.32 154.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 400.69 154.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 442.29 154.25 Td (or ) Tj ET Q q 0 0 0 rg BT 453.89 154.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 478.81 154.25 Td (making ) Tj ET Q q 0 0 0 rg BT 512.64 154.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 554.24 154.25 Td (at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (all) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.56 142.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 112.25 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 131.64 112.25 Td (may ) Tj ET Q q 0 0 0 rg BT 152.28 112.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 177.36 112.25 Td (or ) Tj ET Q q 0 0 0 rg BT 189.12 112.25 Td (suspend ) Tj ET Q q 0 0 0 rg BT 224.77 112.25 Td (making ) Tj ET Q q 0 0 0 rg BT 258.19 112.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 299.94 112.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.15 112.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 328.01 112.25 Td ( ) Tj ET Q q 0 0 0 rg BT 331.44 112.25 Td (because ) Tj ET Q q 0 0 0 rg BT 366.51 112.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.26 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.91 112.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 448.42 112.25 Td (occasioned ) Tj ET Q q 0 0 0 rg BT 496.27 112.25 Td (by ) Tj ET Q q 0 0 0 rg BT 509.70 112.25 Td (its ) Tj ET Q q 0 0 0 rg BT 522.58 112.25 Td (becoming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.65 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 90.76 100.25 Td (a ) Tj ET Q q 0 0 0 rg BT 97.53 100.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 144.84 100.25 Td (or ) Tj ET Q q 0 0 0 rg BT 155.50 100.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 185.60 100.25 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 234.85 100.25 Td (even ) Tj ET Q q 0 0 0 rg BT 256.06 100.25 Td (if ) Tj ET Q q 0 0 0 rg BT 264.49 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.04 100.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 321.91 100.25 Td (have ) Tj ET Q q 0 0 0 rg BT 343.11 100.25 Td (no ) Tj ET Q q 0 0 0 rg BT 355.44 100.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 377.20 100.25 Td (right ) Tj ET Q q 0 0 0 rg BT 398.42 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 408.52 100.25 Td (do ) Tj ET Q q 0 0 0 rg BT 420.85 100.25 Td (so, ) Tj ET Q q 0 0 0 rg BT 434.57 100.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.34 100.25 Td (such ) Tj ET Q q 0 0 0 rg BT 472.00 100.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 495.98 100.25 Td (would ) Tj ET Q q 0 0 0 rg BT 523.31 100.25 Td (reduce, ) Tj ET Q q 0 0 0 rg BT 554.78 100.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (least ) Tj ET Q q 0 0 0 rg BT 70.58 88.25 Td (for ) Tj ET Q q 0 0 0 rg BT 84.50 88.25 Td (a ) Tj ET Q q 0 0 0 rg BT 91.20 88.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 113.73 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.21 88.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 152.69 88.25 Td (that ) Tj ET Q q 0 0 0 rg BT 169.94 88.25 Td (might ) Tj ET Q q 0 0 0 rg BT 195.53 88.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 236.67 88.25 Td (be ) Tj ET Q q 0 0 0 rg BT 248.36 88.25 Td (available ) Tj ET Q q 0 0 0 rg BT 286.71 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.75 88.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 313.44 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.92 88.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 353.51 88.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 412.97 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.01 88.25 Td (those ) Tj ET Q q 0 0 0 rg BT 446.38 88.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 486.96 88.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 516.15 88.25 Td (In ) Tj ET Q q 0 0 0 rg BT 526.74 88.25 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 76.25 Td (commencement ) Tj ET Q q 0 0 0 rg BT 130.31 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.04 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.65 76.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 203.03 76.25 Td (or ) Tj ET Q q 0 0 0 rg BT 213.75 76.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 243.92 76.25 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 290.74 76.25 Td (may) Tj ET Q q 0 0 0 rg BT 307.31 76.25 Td (, ) Tj ET Q q 0 0 0 rg BT 312.20 76.25 Td (as ) Tj ET Q q 0 0 0 rg BT 322.93 76.25 Td (a ) Tj ET Q q 0 0 0 rg BT 329.76 76.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 357.70 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.43 76.25 Td (law) Tj ET Q q 0 0 0 rg BT 382.21 76.25 Td (, ) Tj ET Q q 0 0 0 rg BT 387.11 76.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 419.49 76.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 436.35 76.25 Td ( ) Tj ET Q q 0 0 0 rg BT 438.75 76.25 Td (from ) Tj ET Q q 0 0 0 rg BT 460.58 76.25 Td (making ) Tj ET Q q 0 0 0 rg BT 492.97 76.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 523.68 76.25 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.49 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.19 64.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 105.50 64.25 Td (even ) Tj ET Q q 0 0 0 rg BT 126.87 64.25 Td (if ) Tj ET Q q 0 0 0 rg BT 135.46 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.16 64.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 174.87 64.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.13 64.25 Td (make ) Tj ET Q q 0 0 0 rg BT 209.27 64.25 Td (such ) Tj ET Q q 0 0 0 rg BT 230.09 64.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 270.90 64.25 Td (are ) Tj ET Q q 0 0 0 rg BT 285.59 64.25 Td (available. ) Tj ET Q q 0 0 0 rg BT 326.67 64.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 362.47 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.17 64.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 417.42 64.25 Td (trustee ) Tj ET Q q 0 0 0 rg BT 446.56 64.25 Td (would ) Tj ET Q q 0 0 0 rg BT 474.04 64.25 Td (be ) Tj ET Q q 0 0 0 rg BT 485.97 64.25 Td (required ) Tj ET Q q 0 0 0 rg BT 521.77 64.25 Td (to ) Tj ET Q q 0 0 0 rg BT 532.03 64.25 Td (enforce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (its ) Tj ET Q q 0 0 0 rg BT 61.70 52.25 Td (security ) Tj ET Q q 0 0 0 rg BT 95.61 52.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 127.30 52.25 Td (in ) Tj ET Q q 0 0 0 rg BT 137.33 52.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.81 52.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 192.38 52.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 219.08 52.25 Td (in ) Tj ET Q q 0 0 0 rg BT 229.11 52.25 Td (a ) Tj ET Q q 0 0 0 rg BT 235.80 52.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 283.04 52.25 Td (or ) Tj ET Q q 0 0 0 rg BT 293.63 52.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 323.66 52.25 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 372.83 52.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.31 52.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 427.32 52.25 Td (trustee's ) Tj ET Q q 0 0 0 rg BT 461.93 52.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 489.73 52.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.77 52.25 Td (make ) Tj ET Q q 0 0 0 rg BT 523.68 52.25 Td (payments ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.49 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.43 742.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 116.49 742.10 Td (would ) Tj ET Q q 0 0 0 rg BT 144.21 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 156.37 742.10 Td (delayed, ) Tj ET Q q 0 0 0 rg BT 192.69 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 219.85 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 239.79 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 247.38 742.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 285.08 742.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 314.45 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.39 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 353.77 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.83 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 381.99 742.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 419.69 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 437.41 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.57 742.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 472.84 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.89 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 491.05 742.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 513.22 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 533.16 742.10 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 70.27 730.10 Td (no ) Tj ET Q q 0 0 0 rg BT 82.77 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 103.60 730.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 141.07 730.10 Td (can ) Tj ET Q q 0 0 0 rg BT 157.45 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 169.39 730.10 Td (assured\) ) Tj ET Q q 0 0 0 rg BT 205.21 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 217.71 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.43 730.10 Td (time ) Tj ET Q q 0 0 0 rg BT 252.70 730.10 Td (any ) Tj ET Q q 0 0 0 rg BT 269.64 730.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 307.11 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 316.28 730.10 Td (available.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (If ) Tj ET Q q 0 0 0 rg BT 58.91 700.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 77.43 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.11 700.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 115.79 700.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 146.36 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.83 700.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.52 700.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 210.88 700.10 Td (or ) Tj ET Q q 0 0 0 rg BT 221.46 700.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 252.04 700.10 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 301.78 700.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 334.02 700.10 Td (accruing ) Tj ET Q q 0 0 0 rg BT 372.38 700.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 395.19 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.44 700.10 Td (following ) Tj ET Q q 0 0 0 rg BT 453.03 700.10 Td (such ) Tj ET Q q 0 0 0 rg BT 474.17 700.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 522.53 700.10 Td (or ) Tj ET Q q 0 0 0 rg BT 533.11 700.10 Td (similar ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 98.05 688.10 Td (may ) Tj ET Q q 0 0 0 rg BT 117.76 688.10 Td (not ) Tj ET Q q 0 0 0 rg BT 133.60 688.10 Td (be ) Tj ET Q q 0 0 0 rg BT 145.54 688.10 Td (paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.32 688.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.68 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.47 658.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 150.80 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 161.48 658.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 191.60 658.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 238.37 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 252.38 658.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 274.46 658.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 306.24 658.10 Td (accruing ) Tj ET Q q 0 0 0 rg BT 343.02 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 355.37 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.93 658.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 395.61 658.10 Td (during ) Tj ET Q q 0 0 0 rg BT 424.07 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.63 658.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 489.30 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 508.86 658.10 Td (not ) Tj ET Q q 0 0 0 rg BT 523.99 658.10 Td (be ) Tj ET Q q 0 0 0 rg BT 535.78 658.10 Td (part ) Tj ET Q q 0 0 0 rg BT 553.67 658.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.22 646.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 99.88 646.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 125.09 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.42 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.86 646.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 172.41 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.74 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.18 646.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 216.12 646.10 Td (If ) Tj ET Q q 0 0 0 rg BT 225.79 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.00 646.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 269.55 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.89 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.33 646.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 310.77 646.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 346.52 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 353.96 646.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 391.94 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 404.94 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.16 646.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 442.60 646.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 463.37 646.10 Td (no ) Tj ET Q q 0 0 0 rg BT 476.37 646.10 Td (such ) Tj ET Q q 0 0 0 rg BT 497.71 646.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 535.68 646.10 Td (can ) Tj ET Q q 0 0 0 rg BT 552.56 646.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (assured\), ) Tj ET Q q 0 0 0 rg BT 88.87 634.10 Td (any ) Tj ET Q q 0 0 0 rg BT 106.37 634.10 Td (such ) Tj ET Q q 0 0 0 rg BT 127.75 634.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 165.78 634.10 Td (may ) Tj ET Q q 0 0 0 rg BT 186.05 634.10 Td (be ) Tj ET Q q 0 0 0 rg BT 198.54 634.10 Td (based ) Tj ET Q q 0 0 0 rg BT 224.36 634.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 239.91 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.41 634.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 288.79 634.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 302.12 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.39 634.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 342.66 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.04 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.31 634.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 397.91 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.29 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.56 634.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 447.05 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.77 634.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 500.36 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.85 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 532.57 634.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 84.06 622.10 Td (up ) Tj ET Q q 0 0 0 rg BT 97.05 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.81 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.00 622.10 Td (date ) Tj ET Q q 0 0 0 rg BT 142.64 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.95 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.15 622.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 217.11 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 228.43 622.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 259.18 622.10 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 309.08 622.10 Td (but ) Tj ET Q q 0 0 0 rg BT 324.84 622.10 Td (not ) Tj ET Q q 0 0 0 rg BT 340.60 622.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 378.35 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 383.83 622.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 420.13 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.55 622.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 475.52 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 486.83 622.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 517.58 622.10 Td (proceeding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.59 610.10 Td (take ) Tj ET Q q 0 0 0 rg BT 88.61 610.10 Td (months ) Tj ET Q q 0 0 0 rg BT 120.43 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 131.13 610.10 Td (years ) Tj ET Q q 0 0 0 rg BT 154.60 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.75 610.10 Td (complete, ) Tj ET Q q 0 0 0 rg BT 206.27 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.07 610.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 237.65 610.10 Td (based ) Tj ET Q q 0 0 0 rg BT 262.79 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 275.16 610.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 313.07 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.88 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 342.25 610.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 374.06 610.10 Td (only ) Tj ET Q q 0 0 0 rg BT 394.20 610.10 Td (up ) Tj ET Q q 0 0 0 rg BT 406.57 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.72 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.31 610.10 Td (start ) Tj ET Q q 0 0 0 rg BT 450.89 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.59 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.18 610.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 523.53 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.23 610.10 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 96.80 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 116.40 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 128.21 598.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 181.14 598.10 Td (less ) Tj ET Q q 0 0 0 rg BT 198.52 598.10 Td (than ) Tj ET Q q 0 0 0 rg BT 218.12 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.93 598.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 249.52 598.10 Td (based ) Tj ET Q q 0 0 0 rg BT 274.67 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 287.05 598.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 324.97 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.78 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 354.16 598.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 385.97 598.10 Td (through ) Tj ET Q q 0 0 0 rg BT 419.46 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.05 598.10 Td (end ) Tj ET Q q 0 0 0 rg BT 450.87 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.58 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.17 598.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 523.54 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.24 598.10 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (proceeding.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (If ) Tj ET Q q 0 0 0 rg BT 59.81 556.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 78.32 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.91 556.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 118.48 556.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 149.95 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.31 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.89 556.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 217.15 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 228.63 556.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 260.11 556.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 308.24 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 315.82 556.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 345.08 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.99 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 363.58 556.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 385.60 556.10 Td (may ) Tj ET Q q 0 0 0 rg BT 405.40 556.10 Td (not ) Tj ET Q q 0 0 0 rg BT 421.32 556.10 Td (have ) Tj ET Q q 0 0 0 rg BT 443.35 556.10 Td (any ) Tj ET Q q 0 0 0 rg BT 460.93 556.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 494.07 556.10 Td (right ) Tj ET Q q 0 0 0 rg BT 516.67 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.03 556.10 Td (payment ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.68 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.14 544.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 150.28 544.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 192.41 544.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 219.27 544.10 Td (may ) Tj ET Q q 0 0 0 rg BT 239.16 544.10 Td (not ) Tj ET Q q 0 0 0 rg BT 255.19 544.10 Td (have ) Tj ET Q q 0 0 0 rg BT 277.31 544.10 Td (any ) Tj ET Q q 0 0 0 rg BT 294.99 544.10 Td (right ) Tj ET Q q 0 0 0 rg BT 317.68 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.14 544.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 365.82 544.10 Td (from ) Tj ET Q q 0 0 0 rg BT 388.50 544.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 414.53 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.55 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.01 544.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 472.58 544.10 Td (account, ) Tj ET Q q 0 0 0 rg BT 510.54 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.78 544.10 Td (may ) Tj ET Q q 0 0 0 rg BT 548.68 544.10 Td (not ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.94 532.10 Td (any ) Tj ET Q q 0 0 0 rg BT 89.44 532.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 117.49 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.77 532.10 Td (access ) Tj ET Q q 0 0 0 rg BT 156.37 532.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 182.21 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.05 532.10 Td (an ) Tj ET Q q 0 0 0 rg BT 206.11 532.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 229.17 532.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 264.47 532.10 Td (account.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.48 502.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 112.34 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.16 502.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 140.74 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.34 502.10 Td (perfect ) Tj ET Q q 0 0 0 rg BT 181.92 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.95 502.10 Td (security ) Tj ET Q q 0 0 0 rg BT 231.43 502.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 263.68 502.10 Td (properly) Tj ET Q q 0 0 0 rg BT 296.91 502.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.23 502.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 341.16 502.10 Td (may ) Tj ET Q q 0 0 0 rg BT 361.19 502.10 Td (be ) Tj ET Q q 0 0 0 rg BT 373.45 502.10 Td (required ) Tj ET Q q 0 0 0 rg BT 409.59 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.18 502.10 Td (share ) Tj ET Q q 0 0 0 rg BT 444.10 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.14 502.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 497.50 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.65 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.68 502.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.40 490.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 98.36 490.10 Td (which ) Tj ET Q q 0 0 0 rg BT 124.76 490.10 Td (their ) Tj ET Q q 0 0 0 rg BT 145.05 490.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 170.34 490.10 Td (are ) Tj ET Q q 0 0 0 rg BT 184.51 490.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 227.57 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 241.19 490.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 277.58 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 297.32 490.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 322.21 490.10 Td (other ) Tj ET Q q 0 0 0 rg BT 344.72 490.10 Td (creditors, ) Tj ET Q q 0 0 0 rg BT 384.17 490.10 Td (including ) Tj ET Q q 0 0 0 rg BT 423.90 490.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 455.30 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.59 490.10 Td (other ) Tj ET Q q 0 0 0 rg BT 488.10 490.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 513.40 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 523.69 490.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 79.81 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 85.22 478.10 Td (o ) Tj ET Q q 0 0 0 rg BT 93.31 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.61 478.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 136.14 478.10 Td (that ) Tj ET Q q 0 0 0 rg BT 154.23 478.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 192.85 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.27 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.58 478.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 260.99 478.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 288.52 478.10 Td (would ) Tj ET Q q 0 0 0 rg BT 316.61 478.10 Td (be ) Tj ET Q q 0 0 0 rg BT 329.14 478.10 Td (shared ) Tj ET Q q 0 0 0 rg BT 358.33 478.10 Td (with ) Tj ET Q q 0 0 0 rg BT 379.20 478.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 405.22 478.10 Td (other ) Tj ET Q q 0 0 0 rg BT 428.85 478.10 Td (creditors, ) Tj ET Q q 0 0 0 rg BT 469.43 478.10 Td (any ) Tj ET Q q 0 0 0 rg BT 486.96 478.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 520.59 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 532.01 478.10 Td (priority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 75.45 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.45 466.10 Td (such ) Tj ET Q q 0 0 0 rg BT 107.44 466.10 Td (other ) Tj ET Q q 0 0 0 rg BT 130.66 466.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 168.31 466.10 Td (may ) Tj ET Q q 0 0 0 rg BT 188.20 466.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 213.07 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.96 466.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 266.16 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.61 466.10 Td (be ) Tj ET Q q 0 0 0 rg BT 288.72 466.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 334.16 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.61 466.10 Td (such ) Tj ET Q q 0 0 0 rg BT 365.61 466.10 Td (other ) Tj ET Q q 0 0 0 rg BT 388.82 466.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 426.47 466.10 Td (before ) Tj ET Q q 0 0 0 rg BT 454.68 466.10 Td (any ) Tj ET Q q 0 0 0 rg BT 471.79 466.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 520.57 466.10 Td (is ) Tj ET Q q 0 0 0 rg BT 529.91 466.10 Td (made ) Tj ET Q q 0 0 0 rg BT 554.23 466.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 88.61 454.10 Td (on ) Tj ET Q q 0 0 0 rg BT 101.11 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.83 454.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 175.53 454.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 424.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.78 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.34 424.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 140.90 424.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.69 424.10 Td (made ) Tj ET Q q 0 0 0 rg BT 175.47 424.10 Td (on ) Tj ET Q q 0 0 0 rg BT 188.59 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.15 424.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 237.60 424.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 261.27 424.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 321.60 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.50 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.06 424.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 362.62 424.10 Td (before ) Tj ET Q q 0 0 0 rg BT 391.28 424.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 417.33 424.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 465.43 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.89 424.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 507.78 424.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 555.33 424.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (commenced, ) Tj ET Q q 0 0 0 rg BT 103.50 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.64 412.10 Td (those ) Tj ET Q q 0 0 0 rg BT 144.44 412.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 169.36 412.10 Td (are ) Tj ET Q q 0 0 0 rg BT 184.26 412.10 Td (held ) Tj ET Q q 0 0 0 rg BT 204.17 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.64 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.55 412.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 261.13 412.10 Td (account ) Tj ET Q q 0 0 0 rg BT 294.92 412.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 311.78 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.48 412.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 356.05 412.10 Td (with ) Tj ET Q q 0 0 0 rg BT 376.33 412.10 Td (W) Tj ET Q q 0 0 0 rg BT 384.97 412.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 401.55 412.10 Td (Far) Tj ET Q q 0 0 0 rg BT 414.70 412.10 Td (go ) Tj ET Q q 0 0 0 rg BT 427.39 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.87 412.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 467.21 412.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 506.56 412.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 547.57 412.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (have ) Tj ET Q q 0 0 0 rg BT 70.88 400.10 Td (not ) Tj ET Q q 0 0 0 rg BT 85.67 400.10 Td (been ) Tj ET Q q 0 0 0 rg BT 106.55 400.10 Td (used ) Tj ET Q q 0 0 0 rg BT 126.89 400.10 Td (by ) Tj ET Q q 0 0 0 rg BT 138.89 400.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 155.75 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.76 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.54 400.10 Td (make ) Tj ET Q q 0 0 0 rg BT 191.20 400.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 231.53 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 243.54 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.76 400.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 279.21 400.10 Td (as ) Tj ET Q q 0 0 0 rg BT 289.54 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.88 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.10 400.10 Td (date ) Tj ET Q q 0 0 0 rg BT 332.76 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.99 400.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 393.98 400.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.31 400.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 434.09 400.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 480.52 400.10 Td (is ) Tj ET Q q 0 0 0 rg BT 489.20 400.10 Td (commenced, ) Tj ET Q q 0 0 0 rg BT 542.01 400.10 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (can ) Tj ET Q q 0 0 0 rg BT 65.67 388.10 Td (be ) Tj ET Q q 0 0 0 rg BT 76.90 388.10 Td (no ) Tj ET Q q 0 0 0 rg BT 88.69 388.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 129.35 388.10 Td (that ) Tj ET Q q 0 0 0 rg BT 146.14 388.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 163.00 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.79 388.10 Td (will ) Tj ET Q q 0 0 0 rg BT 182.14 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 192.26 388.10 Td (will ) Tj ET Q q 0 0 0 rg BT 209.61 388.10 Td (be ) Tj ET Q q 0 0 0 rg BT 220.84 388.10 Td (able ) Tj ET Q q 0 0 0 rg BT 239.29 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.86 388.10 Td (use ) Tj ET Q q 0 0 0 rg BT 263.98 388.10 Td (such ) Tj ET Q q 0 0 0 rg BT 284.10 388.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 308.12 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.69 388.10 Td (make ) Tj ET Q q 0 0 0 rg BT 341.13 388.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 381.25 388.10 Td (on ) Tj ET Q q 0 0 0 rg BT 393.04 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.05 388.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 430.78 388.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 455.34 388.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 492.12 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.24 388.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 519.10 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 520.89 388.10 Td (\(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 82.54 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.97 376.10 Td (other ) Tj ET Q q 0 0 0 rg BT 117.62 376.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 140.16 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 151.59 376.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 193.02 376.10 Td (Loans\) ) Tj ET Q q 0 0 0 rg BT 223.89 376.10 Td (may ) Tj ET Q q 0 0 0 rg BT 244.21 376.10 Td (be ) Tj ET Q q 0 0 0 rg BT 256.75 376.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 290.94 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.82 376.10 Td (have ) Tj ET Q q 0 0 0 rg BT 323.80 376.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 349.68 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.56 376.10 Td (such ) Tj ET Q q 0 0 0 rg BT 381.99 376.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 407.32 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 418.75 376.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 455.18 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.06 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.38 376.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 513.37 376.10 Td (account ) Tj ET Q q 0 0 0 rg BT 547.56 376.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (monies ) Tj ET Q q 0 0 0 rg BT 81.75 364.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 116.81 364.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 147.43 364.10 Td (that ) Tj ET Q q 0 0 0 rg BT 165.29 364.10 Td (are ) Tj ET Q q 0 0 0 rg BT 180.36 364.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 204.87 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.51 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.70 364.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 257.32 364.10 Td (than ) Tj ET Q q 0 0 0 rg BT 277.39 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.47 364.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 318.11 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.30 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.38 364.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 372.78 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.97 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.05 364.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 423.85 364.10 Td (See ) Tj ET Q q 0 0 0 rg BT 441.15 364.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 473.09 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.17 364.10 Td (Marketplace-Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 90.83 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.76 352.10 Td (Collection" ) Tj ET Q q 0 0 0 rg BT 156.01 352.10 Td (for ) Tj ET Q q 0 0 0 rg BT 170.17 352.10 Td (more ) Tj ET Q q 0 0 0 rg BT 193.21 352.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 337.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 126.08 322.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 142.94 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.24 322.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 180.31 322.10 Td (that ) Tj ET Q q 0 0 0 rg BT 197.61 322.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 233.80 322.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 263.87 322.10 Td (by ) Tj ET Q q 0 0 0 rg BT 276.17 322.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 314.58 322.10 Td (into ) Tj ET Q q 0 0 0 rg BT 332.44 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.96 322.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 368.71 322.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 402.12 322.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 439.41 322.10 Td (should ) Tj ET Q q 0 0 0 rg BT 468.38 322.10 Td (not ) Tj ET Q q 0 0 0 rg BT 483.46 322.10 Td (be ) Tj ET Q q 0 0 0 rg BT 495.20 322.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 525.83 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.91 322.10 Td (claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.94 310.10 Td (its ) Tj ET Q q 0 0 0 rg BT 72.99 310.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 110.58 310.10 Td (other ) Tj ET Q q 0 0 0 rg BT 133.73 310.10 Td (than ) Tj ET Q q 0 0 0 rg BT 153.55 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.37 310.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 207.09 310.10 Td (for ) Tj ET Q q 0 0 0 rg BT 221.35 310.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 249.51 310.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 279.88 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.70 310.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 319.53 310.10 Td (are ) Tj ET Q q 0 0 0 rg BT 334.34 310.10 Td (held, ) Tj ET Q q 0 0 0 rg BT 356.66 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.48 310.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 393.52 310.10 Td (title ) Tj ET Q q 0 0 0 rg BT 411.68 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.06 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.88 310.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 458.94 310.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 492.65 310.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 532.74 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 310.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (attendant ) Tj ET Q q 0 0 0 rg BT 88.98 298.10 Td (right ) Tj ET Q q 0 0 0 rg BT 110.20 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.31 298.10 Td (administer ) Tj ET Q q 0 0 0 rg BT 164.85 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.40 298.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 201.19 298.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 234.63 298.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 271.94 298.10 Td (would ) Tj ET Q q 0 0 0 rg BT 299.27 298.10 Td (be ) Tj ET Q q 0 0 0 rg BT 311.04 298.10 Td (property ) Tj ET Q q 0 0 0 rg BT 347.25 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.92 298.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 383.17 298.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 430.49 298.10 Td (estate. ) Tj ET Q q 0 0 0 rg BT 457.57 298.10 Td (As ) Tj ET Q q 0 0 0 rg BT 471.01 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.78 298.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 504.83 298.10 Td (if ) Tj ET Q q 0 0 0 rg BT 513.27 298.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 530.13 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.46 298.10 Td (were ) Tj ET Q q 0 0 0 rg BT 554.22 298.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (file ) Tj ET Q q 0 0 0 rg BT 65.45 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 79.23 286.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 126.33 286.10 Td (protection, ) Tj ET Q q 0 0 0 rg BT 171.50 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.83 286.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 207.39 286.10 Td (right ) Tj ET Q q 0 0 0 rg BT 228.39 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.29 286.10 Td (administer ) Tj ET Q q 0 0 0 rg BT 282.63 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.96 286.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 321.31 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.20 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.54 286.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 367.12 286.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 400.34 286.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 437.45 286.10 Td (would ) Tj ET Q q 0 0 0 rg BT 464.57 286.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 482.80 286.10 Td (with ) Tj ET Q q 0 0 0 rg BT 502.70 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.04 286.10 Td (bankruptcy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 79.05 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 89.78 274.10 Td (debtor ) Tj ET Q q 0 0 0 rg BT 117.73 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.91 274.10 Td (possession. ) Tj ET Q q 0 0 0 rg BT 175.59 274.10 Td (In ) Tj ET Q q 0 0 0 rg BT 186.32 274.10 Td (that ) Tj ET Q q 0 0 0 rg BT 203.71 274.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 225.82 274.10 Td (while ) Tj ET Q q 0 0 0 rg BT 250.43 274.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 280.60 274.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 297.46 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.85 274.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 315.58 274.10 Td (its ) Tj ET Q q 0 0 0 rg BT 327.43 274.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 364.82 274.10 Td (should ) Tj ET Q q 0 0 0 rg BT 393.88 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 405.72 274.10 Td (able ) Tj ET Q q 0 0 0 rg BT 424.78 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.95 274.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 459.00 274.10 Td (those ) Tj ET Q q 0 0 0 rg BT 482.50 274.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 509.63 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.24 274.10 Td (indenture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 78.74 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 89.16 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.46 262.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 141.66 262.10 Td (may ) Tj ET Q q 0 0 0 rg BT 160.96 262.10 Td (have ) Tj ET Q q 0 0 0 rg BT 181.93 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.79 262.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 211.65 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.18 262.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 265.25 262.10 Td (court ) Tj ET Q q 0 0 0 rg BT 287.88 262.10 Td (order ) Tj ET Q q 0 0 0 rg BT 311.07 262.10 Td (lifting ) Tj ET Q q 0 0 0 rg BT 337.60 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.90 262.10 Td (automatic ) Tj ET Q q 0 0 0 rg BT 393.42 262.10 Td (stay ) Tj ET Q q 0 0 0 rg BT 411.62 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.14 262.10 Td (permitting ) Tj ET Q q 0 0 0 rg BT 471.89 262.10 Td (them ) Tj ET Q q 0 0 0 rg BT 493.97 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.84 262.10 Td (withdraw ) Tj ET Q q 0 0 0 rg BT 543.69 262.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 78.01 250.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 117.95 250.10 Td (may ) Tj ET Q q 0 0 0 rg BT 138.45 250.10 Td (suf) Tj ET Q q 0 0 0 rg BT 150.50 250.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 164.88 250.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 193.71 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.77 250.10 Td (accessing ) Tj ET Q q 0 0 0 rg BT 246.38 250.10 Td (their ) Tj ET Q q 0 0 0 rg BT 267.99 250.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 293.49 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.56 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.06 250.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 342.80 250.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 377.19 250.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 415.46 250.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.08 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 434.80 250.10 Td (result. ) Tj ET Q q 0 0 0 rg BT 462.80 250.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 501.83 250.10 Td (, ) Tj ET Q q 0 0 0 rg BT 507.61 250.10 Td (United ) Tj ET Q q 0 0 0 rg BT 538.12 250.10 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Bankruptcy ) Tj ET Q q 0 0 0 rg BT 98.86 238.10 Td (Courts ) Tj ET Q q 0 0 0 rg BT 127.73 238.10 Td (have ) Tj ET Q q 0 0 0 rg BT 148.81 238.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 173.79 238.10 Td (powers ) Tj ET Q q 0 0 0 rg BT 204.87 238.10 Td (at ) Tj ET Q q 0 0 0 rg BT 214.29 238.10 Td (law ) Tj ET Q q 0 0 0 rg BT 230.93 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.58 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.56 238.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 284.76 238.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 303.90 238.10 Td (if ) Tj ET Q q 0 0 0 rg BT 312.21 238.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 329.07 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.27 238.10 Td (has ) Tj ET Q q 0 0 0 rg BT 346.81 238.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 371.77 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.76 238.10 Td (properly ) Tj ET Q q 0 0 0 rg BT 417.84 238.10 Td (segregate ) Tj ET Q q 0 0 0 rg BT 457.79 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 468.33 238.10 Td (handle ) Tj ET Q q 0 0 0 rg BT 497.19 238.10 Td (investors' ) Tj ET Q q 0 0 0 rg BT 537.30 238.10 Td (funds, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.49 226.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 103.53 226.10 Td (court ) Tj ET Q q 0 0 0 rg BT 126.13 226.10 Td (could ) Tj ET Q q 0 0 0 rg BT 150.40 226.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 192.43 226.10 Td (that ) Tj ET Q q 0 0 0 rg BT 209.48 226.10 Td (some ) Tj ET Q q 0 0 0 rg BT 232.64 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 243.03 226.10 Td (all ) Tj ET Q q 0 0 0 rg BT 255.08 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.46 226.10 Td (such ) Tj ET Q q 0 0 0 rg BT 285.84 226.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 310.12 226.10 Td (were ) Tj ET Q q 0 0 0 rg BT 331.60 226.10 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 380.85 226.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 409.56 226.10 Td (by ) Tj ET Q q 0 0 0 rg BT 421.62 226.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 438.48 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.53 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.02 226.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 495.16 226.10 Td (that ) Tj ET Q q 0 0 0 rg BT 512.21 226.10 Td (they ) Tj ET Q q 0 0 0 rg BT 531.48 226.10 Td (became ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (available ) Tj ET Q q 0 0 0 rg BT 88.59 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.87 214.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 124.29 214.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 161.78 214.10 Td (generally) Tj ET Q q 0 0 0 rg BT 198.33 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 203.33 214.10 Td (See ) Tj ET Q q 0 0 0 rg BT 220.27 214.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 251.85 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.57 214.10 Td (Marketplace-Loan ) Tj ET Q q 0 0 0 rg BT 342.92 214.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 383.74 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.68 214.10 Td (Collection"" ) Tj ET Q q 0 0 0 rg BT 453.00 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 467.16 214.10 Td (more ) Tj ET Q q 0 0 0 rg BT 490.21 214.10 Td (information.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (In ) Tj ET Q q 0 0 0 rg BT 62.93 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 71.41 184.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 121.55 184.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.92 184.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 166.29 184.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 215.32 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.02 184.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 255.88 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.13 184.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 302.28 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.09 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.56 184.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 345.48 184.10 Td (may ) Tj ET Q q 0 0 0 rg BT 366.17 184.10 Td (be ) Tj ET Q q 0 0 0 rg BT 379.09 184.10 Td (delayed ) Tj ET Q q 0 0 0 rg BT 413.66 184.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.03 184.10 Td (prevented ) Tj ET Q q 0 0 0 rg BT 469.49 184.10 Td (from ) Tj ET Q q 0 0 0 rg BT 492.96 184.10 Td (enforcing ) Tj ET Q q 0 0 0 rg BT 536.44 184.10 Td (PFL's ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 98.61 172.10 Td (obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 142.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.87 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.85 142.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 151.38 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 162.25 142.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 192.56 142.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 239.53 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 253.73 142.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 276.00 142.10 Td (any ) Tj ET Q q 0 0 0 rg BT 292.98 142.10 Td (right ) Tj ET Q q 0 0 0 rg BT 314.41 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.28 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 332.26 142.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 360.35 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.22 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.20 142.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 400.18 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.50 142.10 Td (require ) Tj ET Q q 0 0 0 rg BT 441.36 142.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 458.22 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.76 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.08 142.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 516.93 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.69 142.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 553.67 142.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 93.84 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.79 130.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 137.07 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.13 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.09 130.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 185.26 130.10 Td (under ) Tj ET Q q 0 0 0 rg BT 210.76 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.71 130.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 285.09 130.10 Td (set ) Tj ET Q q 0 0 0 rg BT 298.93 130.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 321.10 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.62 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.57 130.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 381.52 130.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 425.89 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 436.96 130.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 459.13 130.10 Td (might ) Tj ET Q q 0 0 0 rg BT 485.20 130.10 Td (not ) Tj ET Q q 0 0 0 rg BT 500.71 130.10 Td (be ) Tj ET Q q 0 0 0 rg BT 512.89 130.10 Td (enforceable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.78 118.10 Td (such ) Tj ET Q q 0 0 0 rg BT 89.44 118.10 Td (holder's ) Tj ET Q q 0 0 0 rg BT 124.02 118.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 149.57 118.10 Td (for ) Tj ET Q q 0 0 0 rg BT 164.57 118.10 Td (such ) Tj ET Q q 0 0 0 rg BT 186.24 118.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 232.88 118.10 Td (may ) Tj ET Q q 0 0 0 rg BT 253.43 118.10 Td (be ) Tj ET Q q 0 0 0 rg BT 266.21 118.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 296.75 118.10 Td (less ) Tj ET Q q 0 0 0 rg BT 315.09 118.10 Td (favorably ) Tj ET Q q 0 0 0 rg BT 356.74 118.10 Td (than ) Tj ET Q q 0 0 0 rg BT 377.29 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 385.07 118.10 Td (general ) Tj ET Q q 0 0 0 rg BT 417.83 118.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 461.70 118.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 505.59 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.26 118.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 540.33 118.10 Td (For ) Tj ET Q q 0 0 0 rg BT 557.56 118.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 94.35 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.36 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.25 106.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 167.36 106.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 184.22 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.90 106.10 Td (has ) Tj ET Q q 0 0 0 rg BT 202.91 106.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 239.48 106.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 262.15 106.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 284.83 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.94 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.84 106.10 Td (formalities ) Tj ET Q q 0 0 0 rg BT 362.84 106.10 Td (it ) Tj ET Q q 0 0 0 rg BT 371.07 106.10 Td (has ) Tj ET Q q 0 0 0 rg BT 387.08 106.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 421.41 106.10 Td (under ) Tj ET Q q 0 0 0 rg BT 446.86 106.10 Td (its ) Tj ET Q q 0 0 0 rg BT 458.99 106.10 Td (or) Tj ET Q q 0 0 0 rg BT 467.14 106.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 518.68 106.10 Td (documents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.66 94.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 99.31 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.41 94.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 155.84 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.05 94.10 Td (its ) Tj ET Q q 0 0 0 rg BT 177.38 94.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 218.70 94.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 248.90 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.56 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.88 94.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 311.75 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.96 94.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 351.62 94.10 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 400.42 94.10 Td (see ) Tj ET Q q 0 0 0 rg BT 415.07 94.10 Td ("-Information ) Tj ET Q q 0 0 0 rg BT 472.13 94.10 Td (about ) Tj ET Q q 0 0 0 rg BT 496.23 94.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 528.66 94.10 Td (Funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (LLC" ) Tj ET Q q 0 0 0 rg BT 75.47 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.41 82.10 Td ("Information ) Tj ET Q q 0 0 0 rg BT 146.20 82.10 Td (About ) Tj ET Q q 0 0 0 rg BT 173.70 82.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 206.75 82.10 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 261.72 82.10 Td (Inc.") Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 91.43 742.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 109.95 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.47 742.25 Td (has ) Tj ET Q q 0 0 0 rg BT 129.44 742.25 Td (been ) Tj ET Q q 0 0 0 rg BT 151.40 742.25 Td (organized ) Tj ET Q q 0 0 0 rg BT 194.48 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.34 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 212.86 742.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 247.61 742.25 Td (that ) Tj ET Q q 0 0 0 rg BT 266.25 742.25 Td (is ) Tj ET Q q 0 0 0 rg BT 275.43 742.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 313.51 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.81 742.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 356.88 742.25 Td (it ) Tj ET Q q 0 0 0 rg BT 364.95 742.25 Td (from ) Tj ET Q q 0 0 0 rg BT 387.47 742.25 Td (being ) Tj ET Q q 0 0 0 rg BT 412.77 742.25 Td (substantively ) Tj ET Q q 0 0 0 rg BT 468.62 742.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 522.81 742.25 Td (with ) Tj ET Q q 0 0 0 rg BT 543.12 742.25 Td (PMI ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.59 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.61 730.25 Td (event ) Tj ET Q q 0 0 0 rg BT 99.51 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.09 730.25 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 137.90 730.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 184.19 730.25 Td (, ) Tj ET Q q 0 0 0 rg BT 188.94 730.25 Td (if ) Tj ET Q q 0 0 0 rg BT 197.29 730.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 215.81 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 218.06 730.25 Td (were ) Tj ET Q q 0 0 0 rg BT 239.74 730.25 Td (substantively ) Tj ET Q q 0 0 0 rg BT 295.32 730.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 349.23 730.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.82 730.25 Td (this ) Tj ET Q q 0 0 0 rg BT 377.08 730.25 Td (manner) Tj ET Q q 0 0 0 rg BT 408.75 730.25 Td (, ) Tj ET Q q 0 0 0 rg BT 413.50 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.53 730.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 454.67 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.25 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.27 730.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 513.08 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 523.66 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 730.25 Td (Notes ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (could ) Tj ET Q q 0 0 0 rg BT 75.57 718.25 Td (be ) Tj ET Q q 0 0 0 rg BT 87.80 718.25 Td (uncertain, ) Tj ET Q q 0 0 0 rg BT 133.10 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.45 718.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 193.13 718.25 Td (on ) Tj ET Q q 0 0 0 rg BT 206.48 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.05 718.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 248.17 718.25 Td (may ) Tj ET Q q 0 0 0 rg BT 268.18 718.25 Td (be ) Tj ET Q q 0 0 0 rg BT 280.41 718.25 Td (limited, ) Tj ET Q q 0 0 0 rg BT 314.03 718.25 Td (suspended ) Tj ET Q q 0 0 0 rg BT 359.60 718.25 Td (or ) Tj ET Q q 0 0 0 rg BT 371.28 718.25 Td (stopped. ) Tj ET Q q 0 0 0 rg BT 407.68 718.25 Td (The ) Tj ET Q q 0 0 0 rg BT 426.58 718.25 Td (recovery) Tj ET Q q 0 0 0 rg BT 461.18 718.25 Td (, ) Tj ET Q q 0 0 0 rg BT 466.47 718.25 Td (if ) Tj ET Q q 0 0 0 rg BT 475.37 718.25 Td (any) Tj ET Q q 0 0 0 rg BT 490.00 718.25 Td (, ) Tj ET Q q 0 0 0 rg BT 495.29 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 506.41 718.25 Td (a ) Tj ET Q q 0 0 0 rg BT 514.20 718.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 543.66 718.25 Td (on ) Tj ET Q q 0 0 0 rg BT 557.02 718.25 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.18 706.25 Td (may ) Tj ET Q q 0 0 0 rg BT 92.13 706.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 132.63 706.25 Td (be ) Tj ET Q q 0 0 0 rg BT 144.81 706.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 199.78 706.25 Td (delayed ) Tj ET Q q 0 0 0 rg BT 233.61 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.91 706.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 306.88 706.25 Td (less ) Tj ET Q q 0 0 0 rg BT 324.62 706.25 Td (than ) Tj ET Q q 0 0 0 rg BT 346.26 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.77 706.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 401.74 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.04 706.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 453.33 706.25 Td (due ) Tj ET Q q 0 0 0 rg BT 471.07 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.37 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.88 706.25 Td (become ) Tj ET Q q 0 0 0 rg BT 533.71 706.25 Td (due ) Tj ET Q q 0 0 0 rg BT 551.45 706.25 Td (on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.28 694.25 Td (Note.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 126.85 664.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 143.71 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.78 664.25 Td (has ) Tj ET Q q 0 0 0 rg BT 163.18 664.25 Td (been ) Tj ET Q q 0 0 0 rg BT 185.13 664.25 Td (or) Tj ET Q q 0 0 0 rg BT 193.28 664.25 Td (ganized ) Tj ET Q q 0 0 0 rg BT 227.44 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.95 664.25 Td (is ) Tj ET Q q 0 0 0 rg BT 254.69 664.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 292.18 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.03 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 310.54 664.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 343.60 664.25 Td (that ) Tj ET Q q 0 0 0 rg BT 361.66 664.25 Td (is ) Tj ET Q q 0 0 0 rg BT 371.40 664.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 408.91 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 419.75 664.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 452.81 664.25 Td (it ) Tj ET Q q 0 0 0 rg BT 461.44 664.25 Td (from ) Tj ET Q q 0 0 0 rg BT 483.95 664.25 Td (being ) Tj ET Q q 0 0 0 rg BT 509.23 664.25 Td (substantively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.23 652.25 Td (with ) Tj ET Q q 0 0 0 rg BT 123.70 652.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 144.18 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 154.65 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.56 652.25 Td (event ) Tj ET Q q 0 0 0 rg BT 193.91 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.93 652.25 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 231.10 652.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 275.43 652.25 Td (, ) Tj ET Q q 0 0 0 rg BT 280.62 652.25 Td (if ) Tj ET Q q 0 0 0 rg BT 289.42 652.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 309.90 652.25 Td (became ) Tj ET Q q 0 0 0 rg BT 343.12 652.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 374.14 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.61 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 391.74 652.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 439.42 652.25 Td (or ) Tj ET Q q 0 0 0 rg BT 450.44 652.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 480.91 652.25 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 528.02 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 545.15 652.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.01 652.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (were ) Tj ET Q q 0 0 0 rg BT 72.43 640.25 Td (substantively ) Tj ET Q q 0 0 0 rg BT 128.20 640.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 181.74 640.25 Td (with ) Tj ET Q q 0 0 0 rg BT 202.51 640.25 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 225.80 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.01 640.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 262.90 640.25 Td (described ) Tj ET Q q 0 0 0 rg BT 304.21 640.25 Td (in ) Tj ET Q q 0 0 0 rg BT 314.99 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.21 640.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 383.19 640.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 425.61 640.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 443.61 640.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 473.81 640.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 515.13 640.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 527.56 640.25 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (delays, ) Tj ET Q q 0 0 0 rg BT 80.22 628.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 94.62 628.25 Td (uncollectability ) Tj ET Q q 0 0 0 rg BT 159.00 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.51 628.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 201.12 628.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 234.38 628.25 Td (during ) Tj ET Q q 0 0 0 rg BT 262.67 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.06 628.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 324.22 628.25 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 373.33 628.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 390.50 628.25 Td (being ) Tj ET Q q 0 0 0 rg BT 414.89 628.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 468.73 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.68 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.08 628.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 528.58 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.09 628.25 Td (PFL's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.69 616.25 Td (creditors, ) Tj ET Q q 0 0 0 rg BT 112.31 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.89 616.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 145.47 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.83 616.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 199.74 616.25 Td (trustee's ) Tj ET Q q 0 0 0 rg BT 234.23 616.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 269.70 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.62 616.25 Td (access ) Tj ET Q q 0 0 0 rg BT 307.29 616.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 331.66 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 341.58 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.94 616.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 386.96 616.25 Td (account ) Tj ET Q q 0 0 0 rg BT 420.20 616.25 Td (or ) Tj ET Q q 0 0 0 rg BT 430.67 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.03 616.25 Td (FBO ) Tj ET Q q 0 0 0 rg BT 466.62 616.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 499.87 616.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 537.00 616.25 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (all ) Tj ET Q q 0 0 0 rg BT 62.70 604.25 Td (be ) Tj ET Q q 0 0 0 rg BT 74.85 604.25 Td (present ) Tj ET Q q 0 0 0 rg BT 106.43 604.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 126.08 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.56 604.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 174.55 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.47 604.25 Td (same ) Tj ET Q q 0 0 0 rg BT 212.72 604.25 Td (considerations ) Tj ET Q q 0 0 0 rg BT 273.20 604.25 Td (would ) Tj ET Q q 0 0 0 rg BT 300.90 604.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 325.83 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 336.31 604.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 369.56 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 380.05 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.97 604.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 423.78 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 434.82 604.25 Td (creditors ) Tj ET Q q 0 0 0 rg BT 472.51 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.55 604.25 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 506.54 604.25 Td (including ) Tj ET Q q 0 0 0 rg BT 547.02 604.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (such ) Tj ET Q q 0 0 0 rg BT 71.20 592.25 Td (creditors ) Tj ET Q q 0 0 0 rg BT 109.05 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.24 592.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 140.89 592.25 Td (may ) Tj ET Q q 0 0 0 rg BT 160.97 592.25 Td (be ) Tj ET Q q 0 0 0 rg BT 173.28 592.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 221.12 592.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.76 592.25 Td (have ) Tj ET Q q 0 0 0 rg BT 253.51 592.25 Td (perfected ) Tj ET Q q 0 0 0 rg BT 293.56 592.25 Td (security ) Tj ET Q q 0 0 0 rg BT 328.08 592.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 364.28 592.25 Td (or ) Tj ET Q q 0 0 0 rg BT 375.47 592.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 418.87 592.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 447.84 592.25 Td (that ) Tj ET Q q 0 0 0 rg BT 465.70 592.25 Td (take ) Tj ET Q q 0 0 0 rg BT 485.22 592.25 Td (precedence ) Tj ET Q q 0 0 0 rg BT 533.05 592.25 Td (over ) Tj ET Q q 0 0 0 rg BT 553.68 592.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 580.25 Td (at ) Tj ET Q q 0 0 0 rg BT 74.42 580.25 Td (least ) Tj ET Q q 0 0 0 rg BT 95.25 580.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 119.40 580.25 Td (in ) Tj ET Q q 0 0 0 rg BT 129.68 580.25 Td (priority ) Tj ET Q q 0 0 0 rg BT 162.18 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.46 580.25 Td (those ) Tj ET Q q 0 0 0 rg BT 196.06 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.89 580.25 Td (creditors ) Tj ET Q q 0 0 0 rg BT 244.38 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.21 580.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 272.07 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 274.57 580.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 318.17 580.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 350.11 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.94 580.25 Td (Notes\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.29 550.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 133.53 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 143.27 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 149.67 550.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 196.62 550.25 Td (or ) Tj ET Q q 0 0 0 rg BT 206.91 550.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 236.65 550.25 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 283.04 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.33 550.25 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 315.58 550.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 326.98 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.16 550.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 405.88 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.18 550.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 450.35 550.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 488.96 550.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 544.79 550.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.82 538.25 Td (delayed ) Tj ET Q q 0 0 0 rg BT 95.30 538.25 Td (or ) Tj ET Q q 0 0 0 rg BT 106.02 538.25 Td (prevented, ) Tj ET Q q 0 0 0 rg BT 150.33 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.15 538.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 181.75 538.25 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 207.61 538.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 235.55 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 245.72 538.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 278.64 538.25 Td (its ) Tj ET Q q 0 0 0 rg BT 290.47 538.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 329.51 538.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 376.34 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.50 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 393.33 538.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 427.92 538.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 461.95 538.25 Td (or ) Tj ET Q q 0 0 0 rg BT 472.67 538.25 Td (its ) Tj ET Q q 0 0 0 rg BT 484.50 538.25 Td (other ) Tj ET Q q 0 0 0 rg BT 507.43 538.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 547.57 538.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 102.16 526.25 Td (administration ) Tj ET Q q 0 0 0 rg BT 163.23 526.25 Td (services ) Tj ET Q q 0 0 0 rg BT 198.73 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.47 526.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 260.31 526.25 Td (services ) Tj ET Q q 0 0 0 rg BT 295.82 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 306.90 526.25 Td (third ) Tj ET Q q 0 0 0 rg BT 329.08 526.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 359.04 526.25 Td (may ) Tj ET Q q 0 0 0 rg BT 379.56 526.25 Td (be ) Tj ET Q q 0 0 0 rg BT 392.29 526.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 423.92 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.66 526.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 473.29 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.37 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.88 526.25 Td (approval ) Tj ET Q q 0 0 0 rg BT 538.17 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 526.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 98.70 514.25 Td (court ) Tj ET Q q 0 0 0 rg BT 122.97 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 135.01 514.25 Td (other ) Tj ET Q q 0 0 0 rg BT 159.28 514.25 Td (presiding ) Tj ET Q q 0 0 0 rg BT 200.21 514.25 Td (authority) Tj ET Q q 0 0 0 rg BT 235.67 514.25 Td (. ) Tj ET Q q 0 0 0 rg BT 241.61 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 260.88 514.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 309.58 514.25 Td (process ) Tj ET Q q 0 0 0 rg BT 343.29 514.25 Td (may ) Tj ET Q q 0 0 0 rg BT 364.22 514.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 389.60 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 401.64 514.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 435.35 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.28 514.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 517.76 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.81 514.25 Td (back-up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (servicing, ) Tj ET Q q 0 0 0 rg BT 91.66 502.25 Td (which ) Tj ET Q q 0 0 0 rg BT 118.59 502.25 Td (may ) Tj ET Q q 0 0 0 rg BT 138.31 502.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 166.91 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.63 502.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 223.56 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.39 502.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 275.21 502.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 302.15 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.43 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.14 502.25 Td (detriment ) Tj ET Q q 0 0 0 rg BT 367.96 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.79 502.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 410.73 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.56 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.28 502.25 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 472.25 Td (For ) Tj ET Q q 0 0 0 rg BT 101.85 472.25 Td (a ) Tj ET Q q 0 0 0 rg BT 108.25 472.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 151.87 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.16 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.34 472.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 222.73 472.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 239.59 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 241.55 472.25 Td (has ) Tj ET Q q 0 0 0 rg BT 256.83 472.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 292.68 472.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 314.64 472.25 Td (itself ) Tj ET Q q 0 0 0 rg BT 336.59 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.99 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.16 472.25 Td (formalities ) Tj ET Q q 0 0 0 rg BT 412.44 472.25 Td (it ) Tj ET Q q 0 0 0 rg BT 419.96 472.25 Td (has ) Tj ET Q q 0 0 0 rg BT 435.24 472.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 468.86 472.25 Td (under ) Tj ET Q q 0 0 0 rg BT 493.58 472.25 Td (its ) Tj ET Q q 0 0 0 rg BT 504.99 472.25 Td (or) Tj ET Q q 0 0 0 rg BT 513.14 472.25 Td (ganizational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 95.75 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.61 460.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 141.67 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.87 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.07 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.17 460.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 217.47 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.33 460.25 Td (Restated ) Tj ET Q q 0 0 0 rg BT 271.19 460.25 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 311.92 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.12 460.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 354.53 460.25 Td (its ) Tj ET Q q 0 0 0 rg BT 366.40 460.25 Td (being ) Tj ET Q q 0 0 0 rg BT 391.03 460.25 Td (substantively ) Tj ET Q q 0 0 0 rg BT 446.23 460.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 499.19 460.25 Td (with ) Tj ET Q q 0 0 0 rg BT 519.39 460.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 539.59 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 460.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (event ) Tj ET Q q 0 0 0 rg BT 74.16 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.99 448.25 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 110.96 448.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 155.30 448.25 Td (, ) Tj ET Q q 0 0 0 rg BT 160.30 448.25 Td (see ) Tj ET Q q 0 0 0 rg BT 175.57 448.25 Td ("Information ) Tj ET Q q 0 0 0 rg BT 229.36 448.25 Td (About ) Tj ET Q q 0 0 0 rg BT 256.86 448.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 289.91 448.25 Td (Funding ) Tj ET Q q 0 0 0 rg BT 325.75 448.25 Td (LLC" ) Tj ET Q q 0 0 0 rg BT 351.22 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.16 448.25 Td ("Information ) Tj ET Q q 0 0 0 rg BT 421.95 448.25 Td (About ) Tj ET Q q 0 0 0 rg BT 449.45 448.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 482.50 448.25 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 537.48 448.25 Td (Inc.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 106.18 418.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 129.69 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.53 418.25 Td (did ) Tj ET Q q 0 0 0 rg BT 161.70 418.25 Td (not ) Tj ET Q q 0 0 0 rg BT 176.88 418.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 209.81 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.99 418.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 236.85 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.25 418.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 283.30 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.03 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.65 418.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 348.81 418.25 Td (hardware ) Tj ET Q q 0 0 0 rg BT 388.40 418.25 Td (that ) Tj ET Q q 0 0 0 rg BT 405.79 418.25 Td (it ) Tj ET Q q 0 0 0 rg BT 413.75 418.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 433.37 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.54 418.25 Td (host ) Tj ET Q q 0 0 0 rg BT 462.61 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.45 418.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 516.83 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.45 418.25 Td (website ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.23 406.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 107.66 406.25 Td (with ) Tj ET Q q 0 0 0 rg BT 127.33 406.25 Td (third ) Tj ET Q q 0 0 0 rg BT 148.12 406.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 176.67 406.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 209.11 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.78 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.90 406.25 Td (hosting ) Tj ET Q q 0 0 0 rg BT 264.24 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.58 406.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 333.00 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.23 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.34 406.25 Td (website. ) Tj ET Q q 0 0 0 rg BT 391.87 406.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 431.54 406.25 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 456.92 406.25 Td (retention ) Tj ET Q q 0 0 0 rg BT 494.35 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.58 406.25 Td (such ) Tj ET Q q 0 0 0 rg BT 524.81 406.25 Td (hardware ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.42 394.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 115.93 394.25 Td (should ) Tj ET Q q 0 0 0 rg BT 145.58 394.25 Td (not ) Tj ET Q q 0 0 0 rg BT 161.34 394.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 181.53 394.25 Td (on ) Tj ET Q q 0 0 0 rg BT 194.51 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.93 394.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 249.90 394.25 Td (court's ) Tj ET Q q 0 0 0 rg BT 279.12 394.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 314.32 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.63 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.83 394.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 363.24 394.25 Td (separateness ) Tj ET Q q 0 0 0 rg BT 416.20 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.51 394.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 448.27 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.69 394.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 482.55 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.53 394.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 500.17 394.25 Td (their ) Tj ET Q q 0 0 0 rg BT 521.48 394.25 Td (respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 76.82 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 94.75 382.25 Td (liabilities\), ) Tj ET Q q 0 0 0 rg BT 141.28 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.99 382.25 Td (cessation ) Tj ET Q q 0 0 0 rg BT 197.13 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.95 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 220.77 382.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 267.03 382.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 308.28 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.10 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.81 382.25 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 382.61 382.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 427.76 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.58 382.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 460.85 382.25 Td (\(because ) Tj ET Q q 0 0 0 rg BT 499.31 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.13 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 522.95 382.25 Td (during ) Tj ET Q q 0 0 0 rg BT 552.55 382.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 97.45 370.25 Td (or ) Tj ET Q q 0 0 0 rg BT 108.24 370.25 Td (otherwise\) ) Tj ET Q q 0 0 0 rg BT 152.91 370.25 Td (would ) Tj ET Q q 0 0 0 rg BT 180.37 370.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 223.36 370.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 251.93 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.83 370.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 292.94 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.62 370.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 335.63 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.43 370.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 363.29 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 365.75 370.25 Td (or ) Tj ET Q q 0 0 0 rg BT 376.54 370.25 Td (a ) Tj ET Q q 0 0 0 rg BT 383.44 370.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 418.11 370.25 Td (service ) Tj ET Q q 0 0 0 rg BT 448.88 370.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 485.22 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 495.46 370.25 Td (retrieve ) Tj ET Q q 0 0 0 rg BT 528.45 370.25 Td (data ) Tj ET Q q 0 0 0 rg BT 547.57 370.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (information ) Tj ET Q q 0 0 0 rg BT 100.22 358.25 Td (in ) Tj ET Q q 0 0 0 rg BT 111.01 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.23 358.25 Td (possession ) Tj ET Q q 0 0 0 rg BT 172.03 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.37 358.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 204.16 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.61 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 232.39 358.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 264.83 358.25 Td (our ) Tj ET Q q 0 0 0 rg BT 281.17 358.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 333.03 358.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.37 358.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 382.92 358.25 Td (thereof ) Tj ET Q q 0 0 0 rg BT 414.25 358.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 449.46 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.25 358.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 501.58 358.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 525.13 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 542.58 358.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (servicing.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 73.82 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 84.59 316.25 Td (its ) Tj ET Q q 0 0 0 rg BT 96.47 316.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 132.77 316.25 Td (as ) Tj ET Q q 0 0 0 rg BT 144.09 316.25 Td (servicer) Tj ET Q q 0 0 0 rg BT 175.74 316.25 Td (, ) Tj ET Q q 0 0 0 rg BT 180.67 316.25 Td (has ) Tj ET Q q 0 0 0 rg BT 197.56 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.76 316.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 252.98 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.19 316.25 Td (waive ) Tj ET Q q 0 0 0 rg BT 288.94 316.25 Td (or ) Tj ET Q q 0 0 0 rg BT 300.26 316.25 Td (modify ) Tj ET Q q 0 0 0 rg BT 331.02 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.23 316.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 371.43 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.19 316.25 Td (a ) Tj ET Q q 0 0 0 rg BT 389.62 316.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 431.50 316.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 455.60 316.25 Td (without ) Tj ET Q q 0 0 0 rg BT 489.16 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.37 316.25 Td (consent ) Tj ET Q q 0 0 0 rg BT 538.47 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.23 316.25 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.94 304.25 Td (holders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 274.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 122.92 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.63 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.34 274.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 208.39 274.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 257.24 274.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 276.95 274.25 Td (is ) Tj ET Q q 0 0 0 rg BT 285.54 274.25 Td (obligated ) Tj ET Q q 0 0 0 rg BT 324.68 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.38 274.25 Td (use ) Tj ET Q q 0 0 0 rg BT 349.63 274.25 Td (commercially ) Tj ET Q q 0 0 0 rg BT 406.53 274.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 451.21 274.25 Td (ef) Tj ET Q q 0 0 0 rg BT 458.80 274.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 479.05 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 488.75 274.25 Td (service ) Tj ET Q q 0 0 0 rg BT 518.99 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.36 274.25 Td (collect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.67 262.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 105.45 262.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 132.35 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.58 262.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 190.00 262.25 Td (with ) Tj ET Q q 0 0 0 rg BT 210.24 262.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 245.47 262.25 Td (standards. ) Tj ET Q q 0 0 0 rg BT 288.20 262.25 Td (Subject ) Tj ET Q q 0 0 0 rg BT 320.65 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 330.89 262.25 Td (that ) Tj ET Q q 0 0 0 rg BT 348.34 262.25 Td (obligation, ) Tj ET Q q 0 0 0 rg BT 393.85 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.98 262.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 470.45 262.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 517.33 262.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 544.23 262.25 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.71 250.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 103.31 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.59 250.25 Td (waive ) Tj ET Q q 0 0 0 rg BT 139.96 250.25 Td (or ) Tj ET Q q 0 0 0 rg BT 150.79 250.25 Td (modify ) Tj ET Q q 0 0 0 rg BT 182.17 250.25 Td (any ) Tj ET Q q 0 0 0 rg BT 199.11 250.25 Td (non-material ) Tj ET Q q 0 0 0 rg BT 252.69 250.25 Td (term ) Tj ET Q q 0 0 0 rg BT 273.51 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.34 250.25 Td (a ) Tj ET Q q 0 0 0 rg BT 291.28 250.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 332.09 250.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 355.14 250.25 Td (or ) Tj ET Q q 0 0 0 rg BT 365.96 250.25 Td (consent ) Tj ET Q q 0 0 0 rg BT 399.01 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.28 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.99 250.25 Td (postponement ) Tj ET Q q 0 0 0 rg BT 482.59 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.42 250.25 Td (strict ) Tj ET Q q 0 0 0 rg BT 515.91 250.25 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.70 238.25 Td (any ) Tj ET Q q 0 0 0 rg BT 86.05 238.25 Td (such ) Tj ET Q q 0 0 0 rg BT 106.30 238.25 Td (term ) Tj ET Q q 0 0 0 rg BT 126.54 238.25 Td (or ) Tj ET Q q 0 0 0 rg BT 136.79 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 146.49 238.25 Td (any ) Tj ET Q q 0 0 0 rg BT 162.84 238.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 194.75 238.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 217.21 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 223.57 238.25 Td (non-material ) Tj ET Q q 0 0 0 rg BT 276.58 238.25 Td (indulgence ) Tj ET Q q 0 0 0 rg BT 322.37 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 332.06 238.25 Td (any ) Tj ET Q q 0 0 0 rg BT 348.42 238.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 384.52 238.25 Td (. ) Tj ET Q q 0 0 0 rg BT 388.94 238.25 Td (In ) Tj ET Q q 0 0 0 rg BT 399.18 238.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 436.38 238.25 Td (if ) Tj ET Q q 0 0 0 rg BT 444.40 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 450.76 238.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 491.00 238.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 513.46 238.25 Td (is ) Tj ET Q q 0 0 0 rg BT 522.05 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 531.75 238.25 Td (default, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.42 226.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 80.30 226.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 126.27 226.25 Td (default ) Tj ET Q q 0 0 0 rg BT 156.12 226.25 Td (is ) Tj ET Q q 0 0 0 rg BT 164.89 226.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 210.30 226.25 Td (foreseeable, ) Tj ET Q q 0 0 0 rg BT 260.41 226.25 Td (or ) Tj ET Q q 0 0 0 rg BT 270.84 226.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 290.71 226.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 336.68 226.25 Td (such ) Tj ET Q q 0 0 0 rg BT 357.10 226.25 Td (action ) Tj ET Q q 0 0 0 rg BT 383.63 226.25 Td (is ) Tj ET Q q 0 0 0 rg BT 392.39 226.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 434.48 226.25 Td (with ) Tj ET Q q 0 0 0 rg BT 454.36 226.25 Td (its ) Tj ET Q q 0 0 0 rg BT 465.90 226.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 504.65 226.25 Td (obligation, ) Tj ET Q q 0 0 0 rg BT 549.79 226.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.64 214.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 159.73 214.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 186.84 214.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 207.30 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.19 214.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 260.97 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.42 214.25 Td (waive ) Tj ET Q q 0 0 0 rg BT 297.97 214.25 Td (or ) Tj ET Q q 0 0 0 rg BT 308.97 214.25 Td (modify ) Tj ET Q q 0 0 0 rg BT 340.53 214.25 Td (a ) Tj ET Q q 0 0 0 rg BT 347.65 214.25 Td (material ) Tj ET Q q 0 0 0 rg BT 383.08 214.25 Td (term ) Tj ET Q q 0 0 0 rg BT 404.08 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.08 214.25 Td (a ) Tj ET Q q 0 0 0 rg BT 422.19 214.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 463.18 214.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 488.90 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.36 214.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 527.56 214.25 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.99 202.25 Td (an ) Tj ET Q q 0 0 0 rg BT 73.08 202.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 105.73 202.25 Td (less ) Tj ET Q q 0 0 0 rg BT 123.38 202.25 Td (than ) Tj ET Q q 0 0 0 rg BT 143.26 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.13 202.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 196.33 202.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 229.51 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 239.95 202.25 Td (final ) Tj ET Q q 0 0 0 rg BT 260.93 202.25 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 309.13 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.11 202.25 Td (a ) Tj ET Q q 0 0 0 rg BT 327.20 202.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 368.18 202.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 391.38 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.48 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 418.91 202.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 442.11 202.25 Td (any ) Tj ET Q q 0 0 0 rg BT 459.21 202.25 Td (indulgence ) Tj ET Q q 0 0 0 rg BT 505.73 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.17 202.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.26 202.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 559.51 202.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (pr) Tj ET Q q 0 0 0 rg BT 58.52 190.25 Td (ovided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.64 190.25 Td (that ) Tj ET Q q 0 0 0 rg BT 105.09 190.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 125.33 190.25 Td (has ) Tj ET Q q 0 0 0 rg BT 141.12 190.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 186.90 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.80 190.25 Td (prudently ) Tj ET Q q 0 0 0 rg BT 244.58 190.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 292.02 190.25 Td (that ) Tj ET Q q 0 0 0 rg BT 309.48 190.25 Td (such ) Tj ET Q q 0 0 0 rg BT 330.27 190.25 Td (action ) Tj ET Q q 0 0 0 rg BT 357.16 190.25 Td (will ) Tj ET Q q 0 0 0 rg BT 375.18 190.25 Td (not ) Tj ET Q q 0 0 0 rg BT 390.42 190.25 Td (be ) Tj ET Q q 0 0 0 rg BT 402.32 190.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 445.31 190.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 478.31 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 488.55 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.22 190.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 539.01 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 190.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 83.80 178.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 104.83 178.25 Td (holders. ) Tj ET Q q 0 0 0 rg BT 138.37 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.97 178.25 Td (If ) Tj ET Q q 0 0 0 rg BT 148.22 178.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 167.60 178.25 Td (approves ) Tj ET Q q 0 0 0 rg BT 205.30 178.25 Td (a ) Tj ET Q q 0 0 0 rg BT 211.33 178.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 264.03 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.40 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.22 178.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 311.03 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.96 178.25 Td (any ) Tj ET Q q 0 0 0 rg BT 336.99 178.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 376.91 178.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 399.05 178.25 Td (it ) Tj ET Q q 0 0 0 rg BT 406.21 178.25 Td (must ) Tj ET Q q 0 0 0 rg BT 427.25 178.25 Td (promptly ) Tj ET Q q 0 0 0 rg BT 465.51 178.25 Td (notify ) Tj ET Q q 0 0 0 rg BT 491.00 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.81 178.25 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.94 166.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 103.88 166.25 Td (by ) Tj ET Q q 0 0 0 rg BT 116.38 166.25 Td (e-mail ) Tj ET Q q 0 0 0 rg BT 144.42 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.25 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.97 166.25 Td (material ) Tj ET Q q 0 0 0 rg BT 205.22 166.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 229.94 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.77 166.25 Td (such ) Tj ET Q q 0 0 0 rg BT 261.60 166.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 315.20 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.14 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.86 166.25 Td (ef) Tj ET Q q 0 0 0 rg BT 354.44 166.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 371.93 166.25 Td (such ) Tj ET Q q 0 0 0 rg BT 392.76 166.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 446.36 166.25 Td (will ) Tj ET Q q 0 0 0 rg BT 464.41 166.25 Td (have ) Tj ET Q q 0 0 0 rg BT 485.79 166.25 Td (on ) Tj ET Q q 0 0 0 rg BT 498.29 166.25 Td (their ) Tj ET Q q 0 0 0 rg BT 519.12 166.25 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 136.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.74 136.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 134.42 136.25 Td (there ) Tj ET Q q 0 0 0 rg BT 156.81 136.25 Td (can ) Tj ET Q q 0 0 0 rg BT 173.10 136.25 Td (be ) Tj ET Q q 0 0 0 rg BT 184.95 136.25 Td (no ) Tj ET Q q 0 0 0 rg BT 197.36 136.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 238.63 136.25 Td (that ) Tj ET Q q 0 0 0 rg BT 256.04 136.25 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 278.73 136.25 Td (in ) Tj ET Q q 0 0 0 rg BT 288.92 136.25 Td (its ) Tj ET Q q 0 0 0 rg BT 300.77 136.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 336.49 136.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.23 136.25 Td (servicer) Tj ET Q q 0 0 0 rg BT 378.48 136.25 Td (, ) Tj ET Q q 0 0 0 rg BT 383.38 136.25 Td (will ) Tj ET Q q 0 0 0 rg BT 401.35 136.25 Td (be ) Tj ET Q q 0 0 0 rg BT 413.20 136.25 Td (able ) Tj ET Q q 0 0 0 rg BT 432.26 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.45 136.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 471.51 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.13 136.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 517.97 136.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 535.37 136.25 Td (agreed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 124.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 88.33 124.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 104.71 124.25 Td (char) Tj ET Q q 0 0 0 rg BT 121.74 124.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 138.68 124.25 Td (of) Tj ET Q q 0 0 0 rg BT 146.83 124.25 Td (f ) Tj ET Q q 0 0 0 rg BT 152.66 124.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 193.48 124.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 220.42 124.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.69 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.41 124.25 Td (future ) Tj ET Q q 0 0 0 rg BT 271.79 124.25 Td (as ) Tj ET Q q 0 0 0 rg BT 282.62 124.25 Td (a ) Tj ET Q q 0 0 0 rg BT 289.56 124.25 Td (result ) Tj ET Q q 0 0 0 rg BT 314.27 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.10 124.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 363.99 124.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 407.59 124.25 Td (or ) Tj ET Q q 0 0 0 rg BT 418.42 124.25 Td (other ) Tj ET Q q 0 0 0 rg BT 441.46 124.25 Td (considerations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 109.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 84.72 94.25 Td (has ) Tj ET Q q 0 0 0 rg BT 101.67 94.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 139.74 94.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 171.70 94.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.65 94.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 240.04 94.25 Td (since ) Tj ET Q q 0 0 0 rg BT 263.65 94.25 Td (inception ) Tj ET Q q 0 0 0 rg BT 304.48 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 322.54 94.25 Td (may ) Tj ET Q q 0 0 0 rg BT 342.26 94.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 380.88 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.16 94.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 415.89 94.25 Td (net ) Tj ET Q q 0 0 0 rg BT 431.17 94.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 457.56 94.25 Td (in ) Tj ET Q q 0 0 0 rg BT 468.40 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.68 94.25 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 64.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 118.90 64.25 Td (has ) Tj ET Q q 0 0 0 rg BT 134.58 64.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 170.24 64.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 199.24 64.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 239.35 64.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 265.59 64.25 Td (since ) Tj ET Q q 0 0 0 rg BT 288.49 64.25 Td (its ) Tj ET Q q 0 0 0 rg BT 300.28 64.25 Td (inception ) Tj ET Q q 0 0 0 rg BT 339.84 64.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.63 64.25 Td (it ) Tj ET Q q 0 0 0 rg BT 364.53 64.25 Td (may ) Tj ET Q q 0 0 0 rg BT 384.10 64.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 420.88 64.25 Td (to ) Tj ET Q q 0 0 0 rg BT 431.01 64.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 453.90 64.25 Td (net ) Tj ET Q q 0 0 0 rg BT 468.46 64.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 494.70 64.25 Td (in ) Tj ET Q q 0 0 0 rg BT 504.83 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.39 64.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 548.12 64.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.11 52.25 Td (years ) Tj ET Q q 0 0 0 rg BT 89.11 52.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 115.89 52.25 Td (December ) Tj ET Q q 0 0 0 rg BT 159.87 52.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 175.27 52.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 198.16 52.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.50 52.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 238.40 52.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 271.85 52.25 Td (had ) Tj ET Q q 0 0 0 rg BT 289.18 52.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 309.85 52.25 Td (outflows ) Tj ET Q q 0 0 0 rg BT 347.75 52.25 Td (from ) Tj ET Q q 0 0 0 rg BT 370.09 52.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 414.64 52.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.87 52.25 Td ($62.7 ) Tj ET Q q 0 0 0 rg BT 451.26 52.25 Td (million ) Tj ET Q q 0 0 0 rg BT 483.05 52.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.39 52.25 Td (inflows ) Tj ET Q q 0 0 0 rg BT 533.29 52.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.52 52.25 Td ($5.4 ) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 84.84 742.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 132.50 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 137.68 742.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 187.58 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 193.53 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 216.41 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 229.31 742.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 269.96 742.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.52 742.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 349.06 742.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.06 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 375.00 742.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 409.00 742.10 Td (had ) Tj ET Q q 0 0 0 rg BT 426.88 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 439.77 742.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 493.74 742.10 Td (deficit ) Tj ET Q q 0 0 0 rg BT 522.73 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.50 742.10 Td ($289.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 118.65 700.10 Td (has ) Tj ET Q q 0 0 0 rg BT 134.07 700.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 170.59 700.10 Td (its ) Tj ET Q q 0 0 0 rg BT 182.13 700.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 225.88 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.76 700.10 Td (date ) Tj ET Q q 0 0 0 rg BT 254.51 700.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 293.81 700.10 Td (with ) Tj ET Q q 0 0 0 rg BT 313.69 700.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 351.32 700.10 Td (from ) Tj ET Q q 0 0 0 rg BT 372.85 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.16 700.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 404.80 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.23 700.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 442.32 700.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 484.21 700.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.31 700.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 539.50 700.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 700.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 83.25 688.10 Td (had ) Tj ET Q q 0 0 0 rg BT 100.40 688.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 160.86 688.10 Td ($28.5 ) Tj ET Q q 0 0 0 rg BT 186.06 688.10 Td (million ) Tj ET Q q 0 0 0 rg BT 217.65 688.10 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 267.56 688.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 288.03 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.17 688.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 325.64 688.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 373.89 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.03 688.10 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 411.23 688.10 Td (million ) Tj ET Q q 0 0 0 rg BT 442.82 688.10 Td (available ) Tj ET Q q 0 0 0 rg BT 481.62 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 495.98 688.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 514.23 688.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (at ) Tj ET Q q 0 0 0 rg BT 60.04 676.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 76.74 676.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 103.72 676.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 137.10 676.10 Td (is ) Tj ET Q q 0 0 0 rg BT 146.59 676.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 190.51 676.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 213.34 676.10 Td (raising ) Tj ET Q q 0 0 0 rg BT 243.38 676.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 286.19 676.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 315.67 676.10 Td (or ) Tj ET Q q 0 0 0 rg BT 326.82 676.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 346.87 676.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 387.45 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.06 676.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 419.21 676.10 Td (its ) Tj ET Q q 0 0 0 rg BT 431.48 676.10 Td (current ) Tj ET Q q 0 0 0 rg BT 462.62 676.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 503.21 676.10 Td (plan. ) Tj ET Q q 0 0 0 rg BT 525.75 676.10 Td (Prosper's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 78.39 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.46 664.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 115.76 664.10 Td (suf) Tj ET Q q 0 0 0 rg BT 127.80 664.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 155.64 664.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 175.15 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.88 664.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 219.18 664.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 259.24 664.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 278.47 664.10 Td (ultimately) Tj ET Q q 0 0 0 rg BT 318.37 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 323.16 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.24 664.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 366.07 664.10 Td (profitable ) Tj ET Q q 0 0 0 rg BT 407.24 664.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 451.19 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.92 664.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 501.88 664.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 521.95 664.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 542.58 664.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.75 652.10 Td (could ) Tj ET Q q 0 0 0 rg BT 120.06 652.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 161.46 652.10 Td (af) Tj ET Q q 0 0 0 rg BT 169.05 652.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 187.13 652.10 Td (its ) Tj ET Q q 0 0 0 rg BT 199.67 652.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 228.31 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.19 652.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 274.48 652.10 Td (its ) Tj ET Q q 0 0 0 rg BT 287.02 652.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 334.56 652.10 Td (under ) Tj ET Q q 0 0 0 rg BT 360.42 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.05 652.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 438.01 652.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 485.53 652.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 505.56 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.43 652.10 Td (such ) Tj ET Q q 0 0 0 rg BT 537.85 652.10 Td (event, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 75.42 640.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 103.48 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.75 640.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 150.69 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.97 640.10 Td (make ) Tj ET Q q 0 0 0 rg BT 185.12 640.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 225.95 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 238.45 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.16 640.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 278.99 640.10 Td (could ) Tj ET Q q 0 0 0 rg BT 303.71 640.10 Td (be ) Tj ET Q q 0 0 0 rg BT 315.65 640.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 358.69 640.10 Td (impaired.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 90.92 610.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.38 610.10 Td (business ) Tj ET Q q 0 0 0 rg BT 144.41 610.10 Td (has ) Tj ET Q q 0 0 0 rg BT 160.87 610.10 Td (grown, ) Tj ET Q q 0 0 0 rg BT 191.50 610.10 Td (we ) Tj ET Q q 0 0 0 rg BT 204.62 610.10 Td (may ) Tj ET Q q 0 0 0 rg BT 223.85 610.10 Td (be ) Tj ET Q q 0 0 0 rg BT 235.29 610.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 265.64 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.43 610.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 310.22 610.10 Td (our ) Tj ET Q q 0 0 0 rg BT 326.68 610.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 357.59 610.10 Td (ef) Tj ET Q q 0 0 0 rg BT 365.18 610.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 401.04 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.62 610.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 440.06 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.85 610.10 Td (demands ) Tj ET Q q 0 0 0 rg BT 493.53 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 511.65 610.10 Td (such ) Tj ET Q q 0 0 0 rg BT 533.12 610.10 Td (growth ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (places ) Tj ET Q q 0 0 0 rg BT 78.05 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 91.11 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.06 598.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 148.05 598.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 192.75 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.82 598.10 Td (infrastructure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.10 Td (As ) Tj ET Q q 0 0 0 rg BT 99.13 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.36 568.10 Td (number ) Tj ET Q q 0 0 0 rg BT 145.92 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.27 568.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 201.33 568.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 239.45 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.91 568.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 296.24 568.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 322.70 568.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 365.25 568.10 Td (through ) Tj ET Q q 0 0 0 rg BT 398.38 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.72 568.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 464.60 568.10 Td (increases, ) Tj ET Q q 0 0 0 rg BT 505.76 568.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 525.56 568.10 Td (will ) Tj ET Q q 0 0 0 rg BT 543.13 568.10 Td (need ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 62.18 556.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 99.33 556.10 Td (its ) Tj ET Q q 0 0 0 rg BT 113.18 556.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 154.51 556.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 197.78 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.62 556.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 274.88 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.06 556.10 Td (order ) Tj ET Q q 0 0 0 rg BT 312.56 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.74 556.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 363.57 556.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 412.95 556.10 Td (ef) Tj ET Q q 0 0 0 rg BT 420.54 556.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 459.92 556.10 Td (its ) Tj ET Q q 0 0 0 rg BT 473.77 556.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 522.61 556.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.78 556.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.69 544.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 159.85 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.03 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.54 544.10 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 245.81 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.77 544.10 Td (ef) Tj ET Q q 0 0 0 rg BT 268.36 544.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 289.97 544.10 Td (that ) Tj ET Q q 0 0 0 rg BT 307.71 544.10 Td (such ) Tj ET Q q 0 0 0 rg BT 328.78 544.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 359.84 544.10 Td (will ) Tj ET Q q 0 0 0 rg BT 378.14 544.10 Td (have ) Tj ET Q q 0 0 0 rg BT 399.76 544.10 Td (on ) Tj ET Q q 0 0 0 rg BT 412.50 544.10 Td (our ) Tj ET Q q 0 0 0 rg BT 428.57 544.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 467.96 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.14 544.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 536.73 544.10 Td (needs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 70.13 532.10 Td (must ) Tj ET Q q 0 0 0 rg BT 91.92 532.10 Td (constantly ) Tj ET Q q 0 0 0 rg BT 135.36 532.10 Td (add ) Tj ET Q q 0 0 0 rg BT 152.14 532.10 Td (new ) Tj ET Q q 0 0 0 rg BT 171.15 532.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 210.69 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.47 532.10 Td (update ) Tj ET Q q 0 0 0 rg BT 256.47 532.10 Td (its ) Tj ET Q q 0 0 0 rg BT 268.26 532.10 Td (software ) Tj ET Q q 0 0 0 rg BT 305.03 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.81 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.48 532.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 391.18 532.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 422.40 532.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 461.40 532.10 Td (support ) Tj ET Q q 0 0 0 rg BT 493.74 532.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 530.79 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 547.58 532.10 Td (add ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (new ) Tj ET Q q 0 0 0 rg BT 68.77 520.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 113.64 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.52 520.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 160.62 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.94 520.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 218.71 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.14 520.10 Td (our ) Tj ET Q q 0 0 0 rg BT 244.58 520.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 295.54 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 305.98 520.10 Td (well ) Tj ET Q q 0 0 0 rg BT 325.31 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 335.74 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.63 520.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 373.84 520.10 Td (its ) Tj ET Q q 0 0 0 rg BT 385.40 520.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 424.16 520.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 470.71 520.10 Td (on ) Tj ET Q q 0 0 0 rg BT 482.82 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.14 520.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.57 520.10 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.77 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.32 508.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 109.99 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.76 508.10 Td (its ) Tj ET Q q 0 0 0 rg BT 140.54 508.10 Td (other ) Tj ET Q q 0 0 0 rg BT 164.42 508.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 212.20 508.10 Td (under ) Tj ET Q q 0 0 0 rg BT 238.30 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.12 508.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 316.27 508.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 366.53 508.10 Td (If ) Tj ET Q q 0 0 0 rg BT 376.52 508.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 397.64 508.10 Td (is ) Tj ET Q q 0 0 0 rg BT 407.64 508.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 437.63 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.74 508.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 484.83 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.38 508.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 537.03 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.69 508.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 101.40 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.39 496.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 155.93 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.69 496.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 212.10 496.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 268.51 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.84 496.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 313.59 496.10 Td (its ) Tj ET Q q 0 0 0 rg BT 325.58 496.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 352.02 496.10 Td (under ) Tj ET Q q 0 0 0 rg BT 377.33 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.53 496.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 454.07 496.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 503.54 496.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 525.82 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 536.69 496.10 Td (one ) Tj ET Q q 0 0 0 rg BT 553.68 496.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (more ) Tj ET Q q 0 0 0 rg BT 74.06 484.10 Td (other ) Tj ET Q q 0 0 0 rg BT 98.12 484.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 144.40 484.10 Td (service ) Tj ET Q q 0 0 0 rg BT 176.23 484.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 217.51 484.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 254.34 484.10 Td (by ) Tj ET Q q 0 0 0 rg BT 267.86 484.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 291.11 484.10 Td (will ) Tj ET Q q 0 0 0 rg BT 310.18 484.10 Td (have ) Tj ET Q q 0 0 0 rg BT 332.57 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.86 484.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 379.58 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.31 484.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 422.72 484.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 465.11 484.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 510.27 484.10 Td (by ) Tj ET Q q 0 0 0 rg BT 523.78 484.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 547.58 484.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 88.61 472.10 Td (may ) Tj ET Q q 0 0 0 rg BT 108.33 472.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 154.13 472.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 182.17 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.45 472.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 222.15 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.98 472.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 273.81 472.10 Td (on ) Tj ET Q q 0 0 0 rg BT 286.31 472.10 Td (their ) Tj ET Q q 0 0 0 rg BT 307.13 472.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 332.96 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.90 472.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 385.17 472.10 Td (downtime ) Tj ET Q q 0 0 0 rg BT 427.66 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.49 472.10 Td (our ) Tj ET Q q 0 0 0 rg BT 454.32 472.10 Td (marketplace.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 68.52 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.02 442.10 Td (has ) Tj ET Q q 0 0 0 rg BT 87.97 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 95.47 442.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 126.30 442.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 168.25 442.10 Td (history) Tj ET Q q 0 0 0 rg BT 196.22 442.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 412.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.14 412.10 Td (is ) Tj ET Q q 0 0 0 rg BT 114.09 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.81 412.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 155.29 412.10 Td (formed ) Tj ET Q q 0 0 0 rg BT 186.45 412.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 217.06 412.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 251.00 412.10 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 282.15 412.10 Td (with ) Tj ET Q q 0 0 0 rg BT 302.21 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.93 412.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 339.54 412.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 379.58 412.10 Td (history) Tj ET Q q 0 0 0 rg BT 406.71 412.10 Td (. ) Tj ET Q q 0 0 0 rg BT 411.49 412.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 438.76 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.76 412.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 515.09 412.10 Td (Agreement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.38 400.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 104.65 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.60 400.10 Td (license ) Tj ET Q q 0 0 0 rg BT 141.88 400.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 156.60 400.10 Td (from ) Tj ET Q q 0 0 0 rg BT 178.56 400.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 198.86 400.10 Td (for ) Tj ET Q q 0 0 0 rg BT 213.03 400.10 Td (granting ) Tj ET Q q 0 0 0 rg BT 248.88 400.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 269.17 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 276.13 400.10 Td (non-exclusive, ) Tj ET Q q 0 0 0 rg BT 337.24 400.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 382.52 400.10 Td (license ) Tj ET Q q 0 0 0 rg BT 412.80 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.10 400.10 Td (access ) Tj ET Q q 0 0 0 rg BT 451.15 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.11 400.10 Td (use ) Tj ET Q q 0 0 0 rg BT 483.95 400.10 Td (our ) Tj ET Q q 0 0 0 rg BT 499.80 400.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 553.67 400.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 87.66 388.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 104.52 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.90 388.10 Td (earns ) Tj ET Q q 0 0 0 rg BT 130.38 388.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 169.42 388.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 187.90 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.06 388.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 230.98 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.14 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.74 388.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 294.78 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.49 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.09 388.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 360.79 388.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 387.61 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.43 388.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 430.14 388.10 Td (that ) Tj ET Q q 0 0 0 rg BT 447.52 388.10 Td (it ) Tj ET Q q 0 0 0 rg BT 455.46 388.10 Td (retains ) Tj ET Q q 0 0 0 rg BT 484.49 388.10 Td (from ) Tj ET Q q 0 0 0 rg BT 506.31 388.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 552.02 388.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.28 376.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 104.66 376.10 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 133.66 376.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 150.52 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.58 376.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 187.40 376.10 Td (this ) Tj ET Q q 0 0 0 rg BT 203.91 376.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 218.18 376.10 Td (income ) Tj ET Q q 0 0 0 rg BT 249.67 376.10 Td (is ) Tj ET Q q 0 0 0 rg BT 258.40 376.10 Td (suf) Tj ET Q q 0 0 0 rg BT 270.44 376.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 298.05 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.89 376.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 332.15 376.10 Td (its ) Tj ET Q q 0 0 0 rg BT 343.66 376.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 389.04 376.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 434.97 376.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 483.82 376.10 Td (While ) Tj ET Q q 0 0 0 rg BT 510.31 376.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 527.18 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.24 376.10 Td (believes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.76 364.10 Td (it ) Tj ET Q q 0 0 0 rg BT 74.08 364.10 Td (is ) Tj ET Q q 0 0 0 rg BT 82.52 364.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 127.59 364.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 172.66 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.21 364.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 203.41 364.10 Td (its ) Tj ET Q q 0 0 0 rg BT 214.62 364.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 261.91 364.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 310.62 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.82 364.10 Td (that ) Tj ET Q q 0 0 0 rg BT 343.58 364.10 Td (its ) Tj ET Q q 0 0 0 rg BT 354.79 364.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 368.76 364.10 Td (income ) Tj ET Q q 0 0 0 rg BT 399.96 364.10 Td (is ) Tj ET Q q 0 0 0 rg BT 408.40 364.10 Td (suf) Tj ET Q q 0 0 0 rg BT 420.44 364.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 447.75 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.29 364.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 478.49 364.10 Td (its ) Tj ET Q q 0 0 0 rg BT 489.70 364.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 524.25 364.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 74.85 352.10 Td (its ) Tj ET Q q 0 0 0 rg BT 86.65 352.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.98 352.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 164.09 352.10 Td (are ) Tj ET Q q 0 0 0 rg BT 178.65 352.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 209.33 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.11 352.10 Td (could ) Tj ET Q q 0 0 0 rg BT 250.68 352.10 Td (prove ) Tj ET Q q 0 0 0 rg BT 275.80 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.93 352.10 Td (be ) Tj ET Q q 0 0 0 rg BT 297.72 352.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 317.54 352.10 Td (ficient. ) Tj ET Q q 0 0 0 rg BT 347.93 352.10 Td (In ) Tj ET Q q 0 0 0 rg BT 358.61 352.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 396.23 352.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 413.09 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.44 352.10 Td (has ) Tj ET Q q 0 0 0 rg BT 431.12 352.10 Td (no ) Tj ET Q q 0 0 0 rg BT 443.47 352.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 488.59 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.37 352.10 Td (relies ) Tj ET Q q 0 0 0 rg BT 529.38 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 541.73 352.10 Td (PMI, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.39 340.10 Td (servicer) Tj ET Q q 0 0 0 rg BT 91.64 340.10 Td (, ) Tj ET Q q 0 0 0 rg BT 96.20 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 106.60 340.10 Td (other ) Tj ET Q q 0 0 0 rg BT 129.21 340.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 174.04 340.10 Td (service ) Tj ET Q q 0 0 0 rg BT 204.42 340.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 246.75 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.59 340.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 290.87 340.10 Td (most ) Tj ET Q q 0 0 0 rg BT 312.38 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.77 340.10 Td (its ) Tj ET Q q 0 0 0 rg BT 334.29 340.10 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 379.67 340.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 425.74 340.10 Td (The ) Tj ET Q q 0 0 0 rg BT 443.35 340.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 462.07 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.46 340.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 497.45 340.10 Td (own ) Tj ET Q q 0 0 0 rg BT 516.74 340.10 Td (employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (its ) Tj ET Q q 0 0 0 rg BT 62.29 328.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 93.46 328.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 134.06 328.10 Td (history) Tj ET Q q 0 0 0 rg BT 161.19 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 166.52 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.80 328.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 240.50 328.10 Td (that ) Tj ET Q q 0 0 0 rg BT 258.34 328.10 Td (is ) Tj ET Q q 0 0 0 rg BT 267.84 328.10 Td (less ) Tj ET Q q 0 0 0 rg BT 285.68 328.10 Td (than ) Tj ET Q q 0 0 0 rg BT 305.74 328.10 Td (that ) Tj ET Q q 0 0 0 rg BT 323.57 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.74 328.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 355.36 328.10 Td (could ) Tj ET Q q 0 0 0 rg BT 380.42 328.10 Td (make ) Tj ET Q q 0 0 0 rg BT 404.91 328.10 Td (it ) Tj ET Q q 0 0 0 rg BT 413.30 328.10 Td (dif) Tj ET Q q 0 0 0 rg BT 424.23 328.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 448.17 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 462.67 328.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 479.53 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.37 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.99 328.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 525.25 328.10 Td (at ) Tj ET Q q 0 0 0 rg BT 535.31 328.10 Td (a ) Tj ET Q q 0 0 0 rg BT 542.58 328.10 Td (level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.44 316.10 Td (will ) Tj ET Q q 0 0 0 rg BT 85.44 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 97.33 316.10 Td (sustainable. ) Tj ET Q q 0 0 0 rg BT 146.17 316.10 Td (Absent ) Tj ET Q q 0 0 0 rg BT 176.95 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.61 316.10 Td (services ) Tj ET Q q 0 0 0 rg BT 226.26 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.49 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.37 316.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 286.36 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.59 316.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 313.45 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.90 316.10 Td (by ) Tj ET Q q 0 0 0 rg BT 328.34 316.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 348.57 316.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 385.46 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.68 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.80 316.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 472.26 316.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 521.63 316.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 547.00 316.10 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (management ) Tj ET Q q 0 0 0 rg BT 103.83 304.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 139.06 304.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 167.36 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.88 304.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 208.38 304.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 226.68 304.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 248.30 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.48 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.44 304.10 Td (general ) Tj ET Q q 0 0 0 rg BT 312.61 304.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 353.11 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.18 304.10 Td (our ) Tj ET Q q 0 0 0 rg BT 380.26 304.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 431.86 304.10 Td (would ) Tj ET Q q 0 0 0 rg BT 459.60 304.10 Td (have ) Tj ET Q q 0 0 0 rg BT 481.22 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.40 304.10 Td (thinner ) Tj ET Q q 0 0 0 rg BT 519.46 304.10 Td (mar) Tj ET Q q 0 0 0 rg BT 534.83 304.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 550.35 304.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (error ) Tj ET Q q 0 0 0 rg BT 71.93 292.10 Td (than ) Tj ET Q q 0 0 0 rg BT 91.65 292.10 Td (does ) Tj ET Q q 0 0 0 rg BT 112.48 292.10 Td (PMI.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.20 262.10 Td (market ) Tj ET Q q 0 0 0 rg BT 99.17 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.60 262.10 Td (which ) Tj ET Q q 0 0 0 rg BT 136.70 262.10 Td (we ) Tj ET Q q 0 0 0 rg BT 149.90 262.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 195.87 262.10 Td (is ) Tj ET Q q 0 0 0 rg BT 204.63 262.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 253.36 262.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 273.51 262.10 Td (if ) Tj ET Q q 0 0 0 rg BT 281.71 262.10 Td (we ) Tj ET Q q 0 0 0 rg BT 294.91 262.10 Td (do ) Tj ET Q q 0 0 0 rg BT 307.00 262.10 Td (not ) Tj ET Q q 0 0 0 rg BT 322.42 262.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 358.38 262.10 Td (ef) Tj ET Q q 0 0 0 rg BT 365.97 262.10 Td (fectively) Tj ET Q q 0 0 0 rg BT 399.46 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 404.05 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 420.59 262.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 462.13 262.10 Td (results ) Tj ET Q q 0 0 0 rg BT 491.45 262.10 Td (could ) Tj ET Q q 0 0 0 rg BT 516.31 262.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.84 262.10 Td (harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 232.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.38 232.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 146.09 232.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 178.92 232.10 Td (market ) Tj ET Q q 0 0 0 rg BT 209.52 232.10 Td (is ) Tj ET Q q 0 0 0 rg BT 219.02 232.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 269.07 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.34 232.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 317.50 232.10 Td (changing. ) Tj ET Q q 0 0 0 rg BT 359.28 232.10 Td (W) Tj ET Q q 0 0 0 rg BT 368.32 232.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 381.71 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.76 232.10 Td (introduction ) Tj ET Q q 0 0 0 rg BT 448.48 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.65 232.10 Td (new ) Tj ET Q q 0 0 0 rg BT 479.14 232.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 532.52 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 232.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (influx ) Tj ET Q q 0 0 0 rg BT 75.66 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.75 220.10 Td (new ) Tj ET Q q 0 0 0 rg BT 104.18 220.10 Td (entrants, ) Tj ET Q q 0 0 0 rg BT 140.11 220.10 Td (we ) Tj ET Q q 0 0 0 rg BT 153.54 220.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 181.40 220.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 230.94 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.49 220.10 Td (persist ) Tj ET Q q 0 0 0 rg BT 268.36 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.57 220.10 Td (intensify ) Tj ET Q q 0 0 0 rg BT 321.33 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.88 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.87 220.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 373.01 220.10 Td (which ) Tj ET Q q 0 0 0 rg BT 399.22 220.10 Td (could ) Tj ET Q q 0 0 0 rg BT 423.21 220.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 445.52 220.10 Td (our ) Tj ET Q q 0 0 0 rg BT 460.62 220.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 487.94 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.49 220.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 532.01 220.10 Td (volume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 208.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.11 208.10 Td (marketplace.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 178.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.11 178.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 140.21 178.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 188.98 178.10 Td (include ) Tj ET Q q 0 0 0 rg BT 219.97 178.10 Td (major ) Tj ET Q q 0 0 0 rg BT 244.85 178.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 278.63 178.10 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 327.14 178.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 351.46 178.10 Td (unions, ) Tj ET Q q 0 0 0 rg BT 382.19 178.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 406.51 178.10 Td (card ) Tj ET Q q 0 0 0 rg BT 425.27 178.10 Td (issuers ) Tj ET Q q 0 0 0 rg BT 454.05 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.05 178.10 Td (other ) Tj ET Q q 0 0 0 rg BT 492.15 178.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 532.59 178.10 Td (finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 97.22 166.10 Td (as ) Tj ET Q q 0 0 0 rg BT 107.51 166.10 Td (well ) Tj ET Q q 0 0 0 rg BT 126.68 166.10 Td (as ) Tj ET Q q 0 0 0 rg BT 136.97 166.10 Td (other ) Tj ET Q q 0 0 0 rg BT 159.47 166.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 210.29 166.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 242.24 166.10 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 285.02 166.10 Td (including ) Tj ET Q q 0 0 0 rg BT 324.75 166.10 Td (LendingClub. ) Tj ET Q q 0 0 0 rg BT 381.98 166.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 433.94 166.10 Td (could ) Tj ET Q q 0 0 0 rg BT 458.11 166.10 Td (result ) Tj ET Q q 0 0 0 rg BT 482.29 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 492.02 166.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 525.63 166.10 Td (volumes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 84.58 154.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 103.62 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 114.89 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.05 154.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 159.08 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.35 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 186.62 154.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 238.42 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.14 154.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 282.61 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 293.88 154.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 331.81 154.10 Td (more ) Tj ET Q q 0 0 0 rg BT 355.29 154.10 Td (widespread ) Tj ET Q q 0 0 0 rg BT 403.77 154.10 Td (market ) Tj ET Q q 0 0 0 rg BT 434.47 154.10 Td (acceptance, ) Tj ET Q q 0 0 0 rg BT 483.76 154.10 Td (any ) Tj ET Q q 0 0 0 rg BT 501.14 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.41 154.10 Td (which ) Tj ET Q q 0 0 0 rg BT 539.79 154.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 72.92 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 88.63 142.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 127.39 142.10 Td (In ) Tj ET Q q 0 0 0 rg BT 138.10 142.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 175.74 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.90 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.49 142.10 Td (future ) Tj ET Q q 0 0 0 rg BT 226.74 142.10 Td (we ) Tj ET Q q 0 0 0 rg BT 240.77 142.10 Td (may ) Tj ET Q q 0 0 0 rg BT 260.37 142.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 306.04 142.10 Td (new ) Tj ET Q q 0 0 0 rg BT 325.08 142.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 375.22 142.10 Td (including ) Tj ET Q q 0 0 0 rg BT 415.37 142.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 460.51 142.10 Td (possessing ) Tj ET Q q 0 0 0 rg BT 505.66 142.10 Td (lar) Tj ET Q q 0 0 0 rg BT 516.03 142.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 530.34 142.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 90.05 130.10 Td (bases, ) Tj ET Q q 0 0 0 rg BT 117.61 130.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 163.78 130.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 202.16 130.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 243.32 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.16 130.10 Td (established ) Tj ET Q q 0 0 0 rg BT 308.99 130.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 358.50 130.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 399.38 130.10 Td (If ) Tj ET Q q 0 0 0 rg BT 409.44 130.10 Td (any ) Tj ET Q q 0 0 0 rg BT 427.28 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.01 130.10 Td (these ) Tj ET Q q 0 0 0 rg BT 462.95 130.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 509.12 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 520.84 130.10 Td (any ) Tj ET Q q 0 0 0 rg BT 538.68 130.10 Td (major ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.12 118.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 129.83 118.10 Td (decided ) Tj ET Q q 0 0 0 rg BT 163.06 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.98 118.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 195.11 118.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.58 118.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 261.58 118.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 293.72 118.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 332.26 118.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 363.82 118.10 Td (one ) Tj ET Q q 0 0 0 rg BT 380.40 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.88 118.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.35 118.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 440.16 118.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 489.51 118.10 Td (or ) Tj ET Q q 0 0 0 rg BT 499.98 118.10 Td (form ) Tj ET Q q 0 0 0 rg BT 521.57 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.15 118.10 Td (strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (alliance ) Tj ET Q q 0 0 0 rg BT 82.78 106.10 Td (with ) Tj ET Q q 0 0 0 rg BT 102.24 106.10 Td (one ) Tj ET Q q 0 0 0 rg BT 118.37 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.39 106.10 Td (our ) Tj ET Q q 0 0 0 rg BT 143.41 106.10 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 194.81 106.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.83 106.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 237.07 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.53 106.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 282.09 106.10 Td (ef) Tj ET Q q 0 0 0 rg BT 289.68 106.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 326.35 106.10 Td (could ) Tj ET Q q 0 0 0 rg BT 350.26 106.10 Td (be ) Tj ET Q q 0 0 0 rg BT 361.38 106.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 413.06 106.10 Td (compromised ) Tj ET Q q 0 0 0 rg BT 469.18 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.31 106.10 Td (its ) Tj ET Q q 0 0 0 rg BT 496.45 106.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 535.90 106.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 94.10 Td (be ) Tj ET Q q 0 0 0 rg BT 86.66 94.10 Td (harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 64.10 Td (Most ) Tj ET Q q 0 0 0 rg BT 108.97 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.71 64.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.46 64.10 Td (current ) Tj ET Q q 0 0 0 rg BT 166.18 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 176.92 64.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 214.32 64.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 263.95 64.10 Td (have ) Tj ET Q q 0 0 0 rg BT 285.24 64.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 337.64 64.10 Td (more ) Tj ET Q q 0 0 0 rg BT 360.59 64.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 400.49 64.10 Td (technical, ) Tj ET Q q 0 0 0 rg BT 441.49 64.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 484.44 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.29 64.10 Td (other ) Tj ET Q q 0 0 0 rg BT 524.25 64.10 Td (resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (than ) Tj ET Q q 0 0 0 rg BT 70.73 52.10 Td (either ) Tj ET Q q 0 0 0 rg BT 97.01 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.86 52.10 Td (us ) Tj ET Q q 0 0 0 rg BT 121.26 52.10 Td (does ) Tj ET Q q 0 0 0 rg BT 143.11 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.06 52.10 Td (may ) Tj ET Q q 0 0 0 rg BT 181.80 52.10 Td (be ) Tj ET Q q 0 0 0 rg BT 194.75 52.10 Td (able ) Tj ET Q q 0 0 0 rg BT 214.92 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.22 52.10 Td (devote ) Tj ET Q q 0 0 0 rg BT 256.39 52.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 287.66 52.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 328.93 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.22 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.96 52.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 413.62 52.10 Td (promotion, ) Tj ET Q q 0 0 0 rg BT 461.30 52.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 480.37 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.32 52.10 Td (support ) Tj ET Q q 0 0 0 rg BT 531.84 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.68 52.10 Td (their ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (marketplaces ) Tj ET Q q 0 0 0 rg BT 106.55 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.79 742.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 174.71 742.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 216.00 742.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 235.36 742.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 274.15 742.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 325.17 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 346.19 742.10 Td (also ) Tj ET Q q 0 0 0 rg BT 366.10 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 388.78 742.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 418.13 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 459.70 742.10 Td (histories, ) Tj ET Q q 0 0 0 rg BT 499.89 742.10 Td (more ) Tj ET Q q 0 0 0 rg BT 524.24 742.10 Td (extensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 88.72 730.10 Td (bases, ) Tj ET Q q 0 0 0 rg BT 114.95 730.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 144.77 730.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 169.61 730.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 217.21 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.72 730.10 Td (broader ) Tj ET Q q 0 0 0 rg BT 266.32 730.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 305.05 730.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 358.22 730.10 Td (than ) Tj ET Q q 0 0 0 rg BT 377.50 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 391.23 730.10 Td (have. ) Tj ET Q q 0 0 0 rg BT 414.52 730.10 Td (These ) Tj ET Q q 0 0 0 rg BT 440.47 730.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 489.74 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 509.03 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 520.53 730.10 Td (better ) Tj ET Q q 0 0 0 rg BT 545.36 730.10 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.91 718.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 95.70 718.10 Td (new ) Tj ET Q q 0 0 0 rg BT 115.49 718.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 155.56 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.47 718.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 201.26 718.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 234.39 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.30 718.10 Td (new ) Tj ET Q q 0 0 0 rg BT 265.10 718.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 318.77 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.34 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.25 718.10 Td (undertake ) Tj ET Q q 0 0 0 rg BT 389.81 718.10 Td (more ) Tj ET Q q 0 0 0 rg BT 413.49 718.10 Td (extensive ) Tj ET Q q 0 0 0 rg BT 454.38 718.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 498.06 718.10 Td (campaigns. ) Tj ET Q q 0 0 0 rg BT 546.45 718.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 85.00 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.89 706.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 121.65 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 133.87 706.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 169.42 706.10 Td (innovation. ) Tj ET Q q 0 0 0 rg BT 216.91 706.10 Td (If ) Tj ET Q q 0 0 0 rg BT 225.79 706.10 Td (we ) Tj ET Q q 0 0 0 rg BT 239.67 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 254.09 706.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 282.97 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.97 706.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 329.06 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 349.06 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 369.60 706.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 414.59 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.25 706.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 452.90 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.33 706.10 Td (need ) Tj ET Q q 0 0 0 rg BT 488.43 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 502.31 706.10 Td (innovation, ) Tj ET Q q 0 0 0 rg BT 549.80 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (use ) Tj ET Q q 0 0 0 rg BT 65.83 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 76.66 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 92.49 694.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 143.85 694.10 Td (could ) Tj ET Q q 0 0 0 rg BT 168.56 694.10 Td (stagnate ) Tj ET Q q 0 0 0 rg BT 203.83 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.66 694.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 267.71 694.10 Td (decline.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (If ) Tj ET Q q 0 0 0 rg BT 58.83 664.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 77.35 664.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.95 664.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 98.34 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.73 664.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 143.22 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.39 664.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 199.23 664.10 Td (its ) Tj ET Q q 0 0 0 rg BT 210.29 664.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 236.35 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.30 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 252.91 664.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 279.93 664.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 308.18 664.10 Td (manner) Tj ET Q q 0 0 0 rg BT 339.86 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 343.97 664.10 Td (it ) Tj ET Q q 0 0 0 rg BT 351.13 664.10 Td (may ) Tj ET Q q 0 0 0 rg BT 369.96 664.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 387.67 664.10 Td (market ) Tj ET Q q 0 0 0 rg BT 418.17 664.10 Td (share ) Tj ET Q q 0 0 0 rg BT 442.56 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.73 664.10 Td (its ) Tj ET Q q 0 0 0 rg BT 470.79 664.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 505.16 664.10 Td (may ) Tj ET Q q 0 0 0 rg BT 523.99 664.10 Td (decrease.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 634.10 Td (o ) Tj ET Q q 0 0 0 rg BT 99.51 634.10 Td (succeed, ) Tj ET Q q 0 0 0 rg BT 136.75 634.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 153.62 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.71 634.10 Td (must ) Tj ET Q q 0 0 0 rg BT 179.26 634.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 215.12 634.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 262.09 634.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 299.07 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.95 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 326.38 634.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 378.34 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 391.44 634.10 Td (attracting ) Tj ET Q q 0 0 0 rg BT 432.30 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.83 634.10 Td (lar) Tj ET Q q 0 0 0 rg BT 450.20 634.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 462.74 634.10 Td (number ) Tj ET Q q 0 0 0 rg BT 496.39 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.82 634.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 547.57 634.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 88.85 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.36 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.54 622.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 133.56 622.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 163.50 622.10 Td (manner) Tj ET Q q 0 0 0 rg BT 193.09 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 198.32 622.10 Td (many ) Tj ET Q q 0 0 0 rg BT 223.28 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.34 622.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 262.08 622.10 Td (have ) Tj ET Q q 0 0 0 rg BT 283.69 622.10 Td (not ) Tj ET Q q 0 0 0 rg BT 299.21 622.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 344.16 622.10 Td (participated ) Tj ET Q q 0 0 0 rg BT 394.10 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.61 622.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 456.21 622.10 Td (lending. ) Tj ET Q q 0 0 0 rg BT 491.44 622.10 Td (If ) Tj ET Q q 0 0 0 rg BT 500.83 622.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 517.70 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 520.43 622.10 Td (is ) Tj ET Q q 0 0 0 rg BT 529.84 622.10 Td (not ) Tj ET Q q 0 0 0 rg BT 545.35 622.10 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.79 610.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 86.79 610.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 124.34 610.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 166.90 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.35 610.10 Td (suf) Tj ET Q q 0 0 0 rg BT 195.39 610.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 222.94 610.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 257.17 610.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 294.72 610.10 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 353.68 610.10 Td (it ) Tj ET Q q 0 0 0 rg BT 361.25 610.10 Td (will ) Tj ET Q q 0 0 0 rg BT 378.81 610.10 Td (not ) Tj ET Q q 0 0 0 rg BT 393.61 610.10 Td (be ) Tj ET Q q 0 0 0 rg BT 405.06 610.10 Td (able ) Tj ET Q q 0 0 0 rg BT 423.73 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.52 610.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 468.29 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 479.75 610.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 525.63 610.10 Td (volumes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.86 598.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 103.63 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 120.63 598.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 167.07 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.51 598.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 233.28 598.10 Td (awareness ) Tj ET Q q 0 0 0 rg BT 276.37 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.71 598.10 Td (its ) Tj ET Q q 0 0 0 rg BT 298.16 598.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 322.93 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.71 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.15 598.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 366.18 598.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 395.39 598.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 427.37 598.10 Td (is ) Tj ET Q q 0 0 0 rg BT 436.05 598.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 465.81 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.59 598.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 516.47 598.10 Td (widespread ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 96.49 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.47 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.45 586.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 174.95 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.04 586.10 Td (attracting ) Tj ET Q q 0 0 0 rg BT 232.44 586.10 Td (new ) Tj ET Q q 0 0 0 rg BT 251.75 586.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 291.04 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.13 586.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 349.38 586.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 404.52 586.10 Td (it ) Tj ET Q q 0 0 0 rg BT 412.72 586.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 448.13 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 465.77 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.63 586.10 Td (importance ) Tj ET Q q 0 0 0 rg BT 528.26 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.24 586.10 Td (brand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 98.71 574.10 Td (will ) Tj ET Q q 0 0 0 rg BT 117.44 574.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 153.37 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 164.87 574.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 215.81 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.76 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.15 574.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 294.17 574.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 327.34 574.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 363.29 574.10 Td (increases. ) Tj ET Q q 0 0 0 rg BT 405.61 574.10 Td (Successful ) Tj ET Q q 0 0 0 rg BT 451.55 574.10 Td (promotion ) Tj ET Q q 0 0 0 rg BT 496.38 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.89 574.10 Td (its ) Tj ET Q q 0 0 0 rg BT 520.51 574.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 546.45 574.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 82.24 562.10 Td (lar) Tj ET Q q 0 0 0 rg BT 92.60 562.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 113.18 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.55 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.12 562.10 Td (ef) Tj ET Q q 0 0 0 rg BT 149.71 562.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 197.50 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.19 562.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 253.09 562.10 Td (ef) Tj ET Q q 0 0 0 rg BT 260.68 562.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 282.37 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.17 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.75 562.10 Td (user ) Tj ET Q q 0 0 0 rg BT 335.77 562.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 382.44 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 395.80 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 412.49 562.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 466.97 562.10 Td (These ) Tj ET Q q 0 0 0 rg BT 494.21 562.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 520.34 562.10 Td (promotion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 88.86 550.10 Td (may ) Tj ET Q q 0 0 0 rg BT 108.84 550.10 Td (not ) Tj ET Q q 0 0 0 rg BT 124.38 550.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 147.14 550.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 187.66 550.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 228.46 550.10 Td (If ) Tj ET Q q 0 0 0 rg BT 237.89 550.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 254.75 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.51 550.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 277.49 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.03 550.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 339.67 550.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 375.76 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.96 550.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 430.72 550.10 Td (its ) Tj ET Q q 0 0 0 rg BT 442.93 550.10 Td (brand, ) Tj ET Q q 0 0 0 rg BT 470.96 550.10 Td (it ) Tj ET Q q 0 0 0 rg BT 479.28 550.10 Td (may ) Tj ET Q q 0 0 0 rg BT 499.26 550.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 518.13 550.10 Td (its ) Tj ET Q q 0 0 0 rg BT 530.35 550.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (users ) Tj ET Q q 0 0 0 rg BT 73.47 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.16 538.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 134.28 538.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.53 538.10 Td (be ) Tj ET Q q 0 0 0 rg BT 157.88 538.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 187.45 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.14 538.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 226.04 538.10 Td (new ) Tj ET Q q 0 0 0 rg BT 245.61 538.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 271.58 538.10 Td (which ) Tj ET Q q 0 0 0 rg BT 298.93 538.10 Td (would ) Tj ET Q q 0 0 0 rg BT 326.84 538.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 351.96 538.10 Td (its ) Tj ET Q q 0 0 0 rg BT 364.33 538.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 398.89 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.58 538.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 446.91 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.26 538.10 Td (may ) Tj ET Q q 0 0 0 rg BT 484.39 538.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 513.41 538.10 Td (its ) Tj ET Q q 0 0 0 rg BT 525.77 538.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.24 538.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 87.49 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.32 526.10 Td (marketplace.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 496.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.09 496.10 Td (are ) Tj ET Q q 0 0 0 rg BT 80.92 496.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 112.30 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.58 496.10 Td (extensive ) Tj ET Q q 0 0 0 rg BT 162.85 496.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 196.72 496.10 Td (state ) Tj ET Q q 0 0 0 rg BT 218.11 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.17 496.10 Td (local ) Tj ET Q q 0 0 0 rg BT 258.67 496.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 303.96 496.10 Td (that ) Tj ET Q q 0 0 0 rg BT 322.57 496.10 Td (could ) Tj ET Q q 0 0 0 rg BT 347.85 496.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 388.67 496.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 418.94 496.10 Td (our ) Tj ET Q q 0 0 0 rg BT 435.89 496.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 463.95 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.22 496.10 Td (service ) Tj ET Q q 0 0 0 rg BT 505.04 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.32 496.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 466.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.32 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 115.77 466.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 146.33 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.35 466.10 Td (extensive ) Tj ET Q q 0 0 0 rg BT 196.36 466.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 228.85 466.10 Td (state ) Tj ET Q q 0 0 0 rg BT 249.42 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.10 466.10 Td (local ) Tj ET Q q 0 0 0 rg BT 287.77 466.10 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 333.06 466.10 Td (non-compliance ) Tj ET Q q 0 0 0 rg BT 399.72 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 419.74 466.10 Td (which ) Tj ET Q q 0 0 0 rg BT 446.42 466.10 Td (could ) Tj ET Q q 0 0 0 rg BT 470.87 466.10 Td (have ) Tj ET Q q 0 0 0 rg BT 491.99 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.67 466.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 534.78 466.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 78.33 454.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 106.38 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.66 454.10 Td (service ) Tj ET Q q 0 0 0 rg BT 147.48 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.19 454.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 190.52 454.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 223.57 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.51 454.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 261.33 454.10 Td (market ) Tj ET Q q 0 0 0 rg BT 291.60 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 305.76 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.47 454.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 348.80 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 359.63 454.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 397.12 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 412.95 454.10 Td (marketplace.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 424.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 135.90 424.10 Td (, ) Tj ET Q q 0 0 0 rg BT 140.48 424.10 Td (we ) Tj ET Q q 0 0 0 rg BT 154.23 424.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 174.09 424.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 206.16 424.10 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 242.40 424.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 287.80 424.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 321.54 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 331.95 424.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 361.80 424.10 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 420.54 424.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.40 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.92 424.10 Td (number ) Tj ET Q q 0 0 0 rg BT 469.54 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.96 424.10 Td (states, ) Tj ET Q q 0 0 0 rg BT 506.75 424.10 Td (each ) Tj ET Q q 0 0 0 rg BT 527.15 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.56 424.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (has ) Tj ET Q q 0 0 0 rg BT 66.22 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.33 412.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 120.32 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.99 412.10 Td (supervise ) Tj ET Q q 0 0 0 rg BT 171.65 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.97 412.10 Td (examine ) Tj ET Q q 0 0 0 rg BT 225.74 412.10 Td (our ) Tj ET Q q 0 0 0 rg BT 241.96 412.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 283.44 412.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 319.65 412.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 336.51 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.40 412.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 378.38 412.10 Td (relies ) Tj ET Q q 0 0 0 rg BT 402.93 412.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.82 412.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 438.99 412.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 476.32 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.99 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 412.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.66 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.17 400.10 Td (oversee ) Tj ET Q q 0 0 0 rg BT 143.44 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.38 400.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 198.88 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.94 400.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.00 400.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 277.59 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.32 400.10 Td (its ) Tj ET Q q 0 0 0 rg BT 302.50 400.10 Td (behalf, ) Tj ET Q q 0 0 0 rg BT 332.72 400.10 Td (if ) Tj ET Q q 0 0 0 rg BT 341.56 400.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 362.08 400.10 Td (does ) Tj ET Q q 0 0 0 rg BT 383.14 400.10 Td (not ) Tj ET Q q 0 0 0 rg BT 398.65 400.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 431.38 400.10 Td (with ) Tj ET Q q 0 0 0 rg BT 451.89 400.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 495.71 400.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 519.27 400.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 539.79 400.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 68.95 388.10 Td (one ) Tj ET Q q 0 0 0 rg BT 86.23 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 97.40 388.10 Td (more ) Tj ET Q q 0 0 0 rg BT 120.78 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.95 388.10 Td (its ) Tj ET Q q 0 0 0 rg BT 144.24 388.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 178.73 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.90 388.10 Td (authorizations, ) Tj ET Q q 0 0 0 rg BT 251.89 388.10 Td (which ) Tj ET Q q 0 0 0 rg BT 279.17 388.10 Td (may ) Tj ET Q q 0 0 0 rg BT 299.23 388.10 Td (have ) Tj ET Q q 0 0 0 rg BT 320.94 388.10 Td (an ) Tj ET Q q 0 0 0 rg BT 333.22 388.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 366.60 388.10 Td (ef) Tj ET Q q 0 0 0 rg BT 374.18 388.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 392.01 388.10 Td (on ) Tj ET Q q 0 0 0 rg BT 404.85 388.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 430.61 388.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 459.00 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.62 388.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 506.89 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.51 388.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 552.56 388.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 89.16 376.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 136.10 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 146.93 376.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 184.42 376.10 Td (our ) Tj ET Q q 0 0 0 rg BT 200.25 376.10 Td (marketplace.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.26 346.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 136.96 346.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 155.79 346.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 177.94 346.10 Td (Collection ) Tj ET Q q 0 0 0 rg BT 222.31 346.10 Td (Practices ) Tj ET Q q 0 0 0 rg BT 260.52 346.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 277.68 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.83 346.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 325.32 346.10 Td (state ) Tj ET Q q 0 0 0 rg BT 346.36 346.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 366.29 346.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 408.43 346.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 429.48 346.10 Td (regulate ) Tj ET Q q 0 0 0 rg BT 464.40 346.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 484.33 346.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 526.47 346.10 Td (practices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.83 334.10 Td ("debt ) Tj ET Q q 0 0 0 rg BT 88.96 334.10 Td (collectors" ) Tj ET Q q 0 0 0 rg BT 135.74 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.01 334.10 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 189.50 334.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 210.55 334.10 Td (collectors ) Tj ET Q q 0 0 0 rg BT 253.25 334.10 Td (from ) Tj ET Q q 0 0 0 rg BT 276.52 334.10 Td (engaging ) Tj ET Q q 0 0 0 rg BT 317.01 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.61 334.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 359.65 334.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 399.01 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.61 334.10 Td (collecting, ) Tj ET Q q 0 0 0 rg BT 456.37 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.64 334.10 Td (attempting ) Tj ET Q q 0 0 0 rg BT 521.24 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.85 334.10 Td (collect, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 99.14 322.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 140.50 322.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 166.58 322.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 191.84 322.10 Td (states ) Tj ET Q q 0 0 0 rg BT 216.53 322.10 Td (also ) Tj ET Q q 0 0 0 rg BT 235.12 322.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 266.48 322.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 296.73 322.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 343.65 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 356.13 322.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 401.37 322.10 Td (that ) Tj ET Q q 0 0 0 rg BT 418.84 322.10 Td (service ) Tj ET Q q 0 0 0 rg BT 449.63 322.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 489.60 322.10 Td (as ) Tj ET Q q 0 0 0 rg BT 500.40 322.10 Td (well ) Tj ET Q q 0 0 0 rg BT 520.10 322.10 Td (as ) Tj ET Q q 0 0 0 rg BT 530.90 322.10 Td (original ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (creditors. ) Tj ET Q q 0 0 0 rg BT 90.62 310.10 Td (While ) Tj ET Q q 0 0 0 rg BT 118.44 310.10 Td (we ) Tj ET Q q 0 0 0 rg BT 133.48 310.10 Td (employ ) Tj ET Q q 0 0 0 rg BT 166.85 310.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 214.10 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.26 310.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 254.74 310.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 304.21 310.10 Td (with ) Tj ET Q q 0 0 0 rg BT 325.36 310.10 Td (these ) Tj ET Q q 0 0 0 rg BT 349.29 310.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 407.37 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.19 310.10 Td (obligate ) Tj ET Q q 0 0 0 rg BT 460.79 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.38 310.10 Td (third ) Tj ET Q q 0 0 0 rg BT 498.65 310.10 Td (party ) Tj ET Q q 0 0 0 rg BT 522.58 310.10 Td (collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 86.45 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.91 298.10 Td (other ) Tj ET Q q 0 0 0 rg BT 125.49 298.10 Td (service ) Tj ET Q q 0 0 0 rg BT 155.83 298.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 195.62 298.10 Td (that ) Tj ET Q q 0 0 0 rg BT 212.64 298.10 Td (we ) Tj ET Q q 0 0 0 rg BT 226.33 298.10 Td (use ) Tj ET Q q 0 0 0 rg BT 241.68 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.49 298.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 283.51 298.10 Td (with ) Tj ET Q q 0 0 0 rg BT 303.31 298.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 346.42 298.10 Td (law ) Tj ET Q q 0 0 0 rg BT 362.89 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.69 298.10 Td (collecting ) Tj ET Q q 0 0 0 rg BT 414.15 298.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 454.49 298.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 480.96 298.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 500.75 298.10 Td (we ) Tj ET Q q 0 0 0 rg BT 514.43 298.10 Td (have ) Tj ET Q q 0 0 0 rg BT 535.34 298.10 Td (sought ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.88 286.10 Td (will ) Tj ET Q q 0 0 0 rg BT 84.88 286.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 105.09 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.31 286.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 147.75 286.10 Td (with ) Tj ET Q q 0 0 0 rg BT 167.97 286.10 Td (such ) Tj ET Q q 0 0 0 rg BT 188.75 286.10 Td (law ) Tj ET Q q 0 0 0 rg BT 205.63 286.10 Td (when ) Tj ET Q q 0 0 0 rg BT 229.73 286.10 Td (we ) Tj ET Q q 0 0 0 rg BT 243.83 286.10 Td (undertake ) Tj ET Q q 0 0 0 rg BT 285.70 286.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 310.91 286.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 352.78 286.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 385.21 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 395.43 286.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 428.42 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.64 286.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 479.40 286.10 Td (Loans\), ) Tj ET Q q 0 0 0 rg BT 512.11 286.10 Td (it ) Tj ET Q q 0 0 0 rg BT 520.11 286.10 Td (is ) Tj ET Q q 0 0 0 rg BT 529.23 286.10 Td (possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.09 274.10 Td (improper ) Tj ET Q q 0 0 0 rg BT 105.84 274.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 147.36 274.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 184.99 274.10 Td (may ) Tj ET Q q 0 0 0 rg BT 204.30 274.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 228.60 274.10 Td (that ) Tj ET Q q 0 0 0 rg BT 245.69 274.10 Td (could ) Tj ET Q q 0 0 0 rg BT 270.00 274.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 310.42 274.10 Td (af) Tj ET Q q 0 0 0 rg BT 318.00 274.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 335.08 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.39 274.10 Td (collectability ) Tj ET Q q 0 0 0 rg BT 403.69 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.12 274.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 454.52 274.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 494.94 274.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 521.47 274.10 Td (originated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.68 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.58 262.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 151.00 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 161.90 262.10 Td (could ) Tj ET Q q 0 0 0 rg BT 186.68 262.10 Td (result ) Tj ET Q q 0 0 0 rg BT 211.47 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.82 262.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 259.37 262.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 297.48 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 308.37 262.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 348.71 262.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 395.71 262.10 Td (being ) Tj ET Q q 0 0 0 rg BT 420.49 262.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 456.95 262.10 Td (on ) Tj ET Q q 0 0 0 rg BT 469.52 262.10 Td (us ) Tj ET Q q 0 0 0 rg BT 480.98 262.10 Td (that ) Tj ET Q q 0 0 0 rg BT 498.54 262.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 539.42 262.10 Td (af) Tj ET Q q 0 0 0 rg BT 547.01 262.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 250.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 93.88 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.16 250.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 136.08 250.10 Td (or ) Tj ET Q q 0 0 0 rg BT 146.91 250.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 181.62 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.45 250.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 240.48 250.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 277.42 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.36 250.10 Td (other ) Tj ET Q q 0 0 0 rg BT 317.40 250.10 Td (obligations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 220.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 116.11 220.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 163.05 220.10 Td (that ) Tj ET Q q 0 0 0 rg BT 181.11 220.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 209.16 220.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 250.56 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.83 220.10 Td (our ) Tj ET Q q 0 0 0 rg BT 277.23 220.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 329.72 220.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 364.44 220.10 Td (is ) Tj ET Q q 0 0 0 rg BT 373.05 220.10 Td (not ) Tj ET Q q 0 0 0 rg BT 388.34 220.10 Td (protected ) Tj ET Q q 0 0 0 rg BT 428.05 220.10 Td (by ) Tj ET Q q 0 0 0 rg BT 439.43 220.10 Td (any ) Tj ET Q q 0 0 0 rg BT 456.37 220.10 Td (patents. ) Tj ET Q q 0 0 0 rg BT 490.27 220.10 Td (It ) Tj ET Q q 0 0 0 rg BT 498.88 220.10 Td (may ) Tj ET Q q 0 0 0 rg BT 518.04 220.10 Td (be ) Tj ET Q q 0 0 0 rg BT 529.43 220.10 Td (dif) Tj ET Q q 0 0 0 rg BT 540.35 220.10 Td (ficult ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 69.42 208.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 96.59 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 112.67 208.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 131.19 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.04 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.67 208.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 178.85 208.10 Td (its ) Tj ET Q q 0 0 0 rg BT 192.15 208.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 242.12 208.10 Td (property ) Tj ET Q q 0 0 0 rg BT 280.41 208.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 308.16 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.36 208.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 356.44 208.10 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 391.68 208.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.42 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.06 208.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 456.03 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.66 208.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 502.61 208.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.35 208.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 545.33 208.10 Td (new ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 106.67 196.10 Td (which ) Tj ET Q q 0 0 0 rg BT 134.17 196.10 Td (could ) Tj ET Q q 0 0 0 rg BT 159.45 196.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 200.27 196.10 Td (af) Tj ET Q q 0 0 0 rg BT 208.42 196.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 225.90 196.10 Td (its ) Tj ET Q q 0 0 0 rg BT 237.85 196.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 265.90 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.18 196.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 309.23 196.10 Td (competitively) Tj ET Q q 0 0 0 rg BT 362.72 196.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.53 166.10 Td (February ) Tj ET Q q 0 0 0 rg BT 138.93 166.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 148.74 166.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 173.54 166.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 193.63 166.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 239.25 166.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 283.21 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.85 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.37 166.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 362.04 166.10 Td (including ) Tj ET Q q 0 0 0 rg BT 402.11 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.64 166.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 463.37 166.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 510.11 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.85 166.10 Td (all ) Tj ET Q q 0 0 0 rg BT 539.15 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 166.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 75.57 154.10 Td (related ) Tj ET Q q 0 0 0 rg BT 105.57 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.14 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.15 154.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 171.71 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.84 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.85 154.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 252.00 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.57 154.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 285.10 154.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 310.82 154.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 339.16 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.74 154.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 387.52 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 403.65 154.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 455.30 154.10 Td (depends, ) Tj ET Q q 0 0 0 rg BT 493.36 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 503.93 154.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 524.77 154.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 547.57 154.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 96.30 142.10 Td (technology) Tj ET Q q 0 0 0 rg BT 140.08 142.10 Td (. ) Tj ET Q q 0 0 0 rg BT 144.32 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 152.96 142.10 Td (e ) Tj ET Q q 0 0 0 rg BT 159.27 142.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 186.13 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.79 142.10 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 240.44 142.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 270.07 142.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 316.37 142.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 351.57 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.22 142.10 Td (such ) Tj ET Q q 0 0 0 rg BT 381.42 142.10 Td (technology) Tj ET Q q 0 0 0 rg BT 425.20 142.10 Td (. ) Tj ET Q q 0 0 0 rg BT 429.58 142.10 Td (Despite ) Tj ET Q q 0 0 0 rg BT 462.00 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 477.20 142.10 Td (best ) Tj ET Q q 0 0 0 rg BT 495.18 142.10 Td (ef) Tj ET Q q 0 0 0 rg BT 502.77 142.10 Td (forts, ) Tj ET Q q 0 0 0 rg BT 525.47 142.10 Td (however) Tj ET Q q 0 0 0 rg BT 559.50 142.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.62 130.10 Td (may ) Tj ET Q q 0 0 0 rg BT 82.79 130.10 Td (not ) Tj ET Q q 0 0 0 rg BT 97.53 130.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 127.25 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.42 130.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 187.80 130.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 234.19 130.10 Td (ef) Tj ET Q q 0 0 0 rg BT 241.78 130.10 Td (fectively) Tj ET Q q 0 0 0 rg BT 276.11 130.10 Td (, ) Tj ET Q q 0 0 0 rg BT 280.57 130.10 Td (which ) Tj ET Q q 0 0 0 rg BT 306.96 130.10 Td (would ) Tj ET Q q 0 0 0 rg BT 333.92 130.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 358.09 130.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 407.26 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.00 130.10 Td (duplicate ) Tj ET Q q 0 0 0 rg BT 455.61 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 470.89 130.10 Td (products ) Tj ET Q q 0 0 0 rg BT 507.29 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.68 130.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 118.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.65 118.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.05 118.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 117.67 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.52 118.10 Td (compete. ) Tj ET Q q 0 0 0 rg BT 165.51 118.10 Td (A) Tj ET Q q 0 0 0 rg BT 172.18 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.25 118.10 Td (third ) Tj ET Q q 0 0 0 rg BT 195.21 118.10 Td (party ) Tj ET Q q 0 0 0 rg BT 217.83 118.10 Td (may ) Tj ET Q q 0 0 0 rg BT 237.11 118.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 269.18 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.03 118.10 Td (reverse ) Tj ET Q q 0 0 0 rg BT 309.97 118.10 Td (engineer ) Tj ET Q q 0 0 0 rg BT 346.46 118.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.86 118.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 397.81 118.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 424.88 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.39 118.10 Td (use ) Tj ET Q q 0 0 0 rg BT 456.79 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.08 118.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 517.57 118.10 Td (technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (without ) Tj ET Q q 0 0 0 rg BT 83.40 106.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 109.17 106.10 Td (consent. ) Tj ET Q q 0 0 0 rg BT 145.06 106.10 Td (In ) Tj ET Q q 0 0 0 rg BT 156.23 106.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 194.35 106.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.52 106.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 262.22 106.10 Td (may ) Tj ET Q q 0 0 0 rg BT 282.28 106.10 Td (infringe ) Tj ET Q q 0 0 0 rg BT 316.78 106.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 339.62 106.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 368.57 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.74 106.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 425.35 106.10 Td (patents ) Tj ET Q q 0 0 0 rg BT 456.52 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.80 106.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 490.66 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.50 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.68 106.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 525.30 106.10 Td (may ) Tj ET Q q 0 0 0 rg BT 545.36 106.10 Td (face ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 95.97 94.10 Td (property ) Tj ET Q q 0 0 0 rg BT 131.40 94.10 Td (challenges ) Tj ET Q q 0 0 0 rg BT 175.15 94.10 Td (from ) Tj ET Q q 0 0 0 rg BT 196.14 94.10 Td (such ) Tj ET Q q 0 0 0 rg BT 216.02 94.10 Td (other ) Tj ET Q q 0 0 0 rg BT 238.12 94.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 268.83 94.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 285.69 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.24 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.12 94.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 316.45 94.10 Td (may ) Tj ET Q q 0 0 0 rg BT 335.22 94.10 Td (not ) Tj ET Q q 0 0 0 rg BT 349.55 94.10 Td (be ) Tj ET Q q 0 0 0 rg BT 360.53 94.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 403.18 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.51 94.10 Td (defending ) Tj ET Q q 0 0 0 rg BT 454.05 94.10 Td (against ) Tj ET Q q 0 0 0 rg BT 483.92 94.10 Td (any ) Tj ET Q q 0 0 0 rg BT 499.91 94.10 Td (such ) Tj ET Q q 0 0 0 rg BT 519.79 94.10 Td (challenges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.56 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 70.58 82.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 110.58 82.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 144.47 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.48 82.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 178.94 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.50 82.10 Td (resolve ) Tj ET Q q 0 0 0 rg BT 220.61 82.10 Td (any ) Tj ET Q q 0 0 0 rg BT 237.28 82.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 283.94 82.10 Td (property ) Tj ET Q q 0 0 0 rg BT 320.05 82.10 Td (disputes. ) Tj ET Q q 0 0 0 rg BT 357.56 82.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 412.28 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.73 82.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 473.40 82.10 Td (may ) Tj ET Q q 0 0 0 rg BT 492.85 82.10 Td (become ) Tj ET Q q 0 0 0 rg BT 526.18 82.10 Td (obsolete, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.93 70.10 Td (there ) Tj ET Q q 0 0 0 rg BT 89.40 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 98.56 70.10 Td (no ) Tj ET Q q 0 0 0 rg BT 111.04 70.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 152.40 70.10 Td (that ) Tj ET Q q 0 0 0 rg BT 169.88 70.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 186.74 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 189.23 70.10 Td (will ) Tj ET Q q 0 0 0 rg BT 207.27 70.10 Td (be ) Tj ET Q q 0 0 0 rg BT 219.20 70.10 Td (able ) Tj ET Q q 0 0 0 rg BT 238.34 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.61 70.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 299.97 70.10 Td (develop, ) Tj ET Q q 0 0 0 rg BT 336.61 70.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 364.10 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 374.91 70.10 Td (use ) Tj ET Q q 0 0 0 rg BT 390.73 70.10 Td (new ) Tj ET Q q 0 0 0 rg BT 409.88 70.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 462.91 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.18 70.10 Td (adapt ) Tj ET Q q 0 0 0 rg BT 497.32 70.10 Td (our ) Tj ET Q q 0 0 0 rg BT 513.14 70.10 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.94 58.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 95.97 58.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.92 58.10 Td (other ) Tj ET Q q 0 0 0 rg BT 138.62 58.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 189.64 58.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 221.80 58.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 269.23 58.10 Td (If ) Tj ET Q q 0 0 0 rg BT 278.05 58.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 294.91 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.07 58.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 325.89 58.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 355.81 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.19 58.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 416.78 58.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 463.38 58.10 Td (embodied ) Tj ET Q q 0 0 0 rg BT 504.97 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.91 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.51 58.10 Td (used ) Tj ET Q q 0 0 0 rg BT 552.00 58.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (our ) Tj ET Q q 0 0 0 rg BT 67.63 46.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 120.79 46.10 Td (from ) Tj ET Q q 0 0 0 rg BT 144.53 46.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 193.26 46.10 Td (property ) Tj ET Q q 0 0 0 rg BT 231.44 46.10 Td (challenges, ) Tj ET Q q 0 0 0 rg BT 280.44 46.10 Td (or ) Tj ET Q q 0 0 0 rg BT 293.07 46.10 Td (if ) Tj ET Q q 0 0 0 rg BT 303.49 46.10 Td (our ) Tj ET Q q 0 0 0 rg BT 321.12 46.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 374.28 46.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 413.56 46.10 Td (obsolete, ) Tj ET Q q 0 0 0 rg BT 453.69 46.10 Td (its ) Tj ET Q q 0 0 0 rg BT 467.44 46.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 497.30 46.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.38 46.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 548.67 46.10 Td (our ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 101.50 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.57 742.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 153.42 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 165.50 742.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 204.80 742.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 251.88 742.10 Td (could ) Tj ET Q q 0 0 0 rg BT 276.73 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 288.81 742.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 329.76 742.10 Td (af) Tj ET Q q 0 0 0 rg BT 337.35 742.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 364.41 742.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 383.99 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.41 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 415.38 742.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 442.17 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 454.26 742.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 482.45 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.86 742.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 529.93 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.35 742.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.83 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.33 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.04 730.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 143.87 730.10 Td (could ) Tj ET Q q 0 0 0 rg BT 168.59 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 180.53 730.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 223.56 730.10 Td (impaired.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 68.52 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.00 700.10 Td (relies ) Tj ET Q q 0 0 0 rg BT 95.70 700.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.74 700.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.23 700.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 163.16 700.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 213.96 700.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 237.00 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.27 700.10 Td (process ) Tj ET Q q 0 0 0 rg BT 280.30 700.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 335.85 700.10 Td (If ) Tj ET Q q 0 0 0 rg BT 345.56 700.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 364.07 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.56 700.10 Td (is ) Tj ET Q q 0 0 0 rg BT 375.71 700.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 406.53 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.79 700.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 455.40 700.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 491.78 700.10 Td (these ) Tj ET Q q 0 0 0 rg BT 515.38 700.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 552.57 700.10 Td (its ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (business ) Tj ET Q q 0 0 0 rg BT 87.51 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.58 688.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 133.63 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.91 688.10 Td (service ) Tj ET Q q 0 0 0 rg BT 174.72 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.00 688.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 215.83 688.10 Td (may ) Tj ET Q q 0 0 0 rg BT 235.55 688.10 Td (be ) Tj ET Q q 0 0 0 rg BT 247.49 688.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 288.30 688.10 Td (af) Tj ET Q q 0 0 0 rg BT 296.45 688.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 121.14 658.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 138.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.83 658.10 Td (is ) Tj ET Q q 0 0 0 rg BT 148.32 658.10 Td (not ) Tj ET Q q 0 0 0 rg BT 162.92 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 169.19 658.10 Td (bank, ) Tj ET Q q 0 0 0 rg BT 192.95 658.10 Td (it ) Tj ET Q q 0 0 0 rg BT 200.33 658.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 228.81 658.10 Td (belong ) Tj ET Q q 0 0 0 rg BT 257.86 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.46 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.62 658.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 309.98 658.10 Td (access ) Tj ET Q q 0 0 0 rg BT 337.34 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.98 658.10 Td (Automated ) Tj ET Q q 0 0 0 rg BT 397.24 658.10 Td (Clearing ) Tj ET Q q 0 0 0 rg BT 433.50 658.10 Td (House ) Tj ET Q q 0 0 0 rg BT 460.88 658.10 Td (\(ACH\) ) Tj ET Q q 0 0 0 rg BT 490.48 658.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 526.74 658.10 Td (network. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (As ) Tj ET Q q 0 0 0 rg BT 64.31 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 71.95 646.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 99.87 646.10 Td (it ) Tj ET Q q 0 0 0 rg BT 108.62 646.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 147.92 646.10 Td (relies ) Tj ET Q q 0 0 0 rg BT 172.77 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 185.97 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 198.61 646.10 Td (FDIC-insured ) Tj ET Q q 0 0 0 rg BT 257.36 646.10 Td (depository ) Tj ET Q q 0 0 0 rg BT 302.78 646.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 346.54 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.52 646.10 Td (process ) Tj ET Q q 0 0 0 rg BT 390.71 646.10 Td (its ) Tj ET Q q 0 0 0 rg BT 403.36 646.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 456.82 646.10 Td (If ) Tj ET Q q 0 0 0 rg BT 466.68 646.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 483.54 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.74 646.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 516.59 646.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.23 646.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 77.30 634.10 Td (such ) Tj ET Q q 0 0 0 rg BT 97.93 634.10 Td (services ) Tj ET Q q 0 0 0 rg BT 132.45 634.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.19 634.10 Td (this ) Tj ET Q q 0 0 0 rg BT 170.94 634.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 213.81 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 224.44 634.10 Td (elsewhere, ) Tj ET Q q 0 0 0 rg BT 269.22 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.86 634.10 Td (if ) Tj ET Q q 0 0 0 rg BT 288.27 634.10 Td (it ) Tj ET Q q 0 0 0 rg BT 296.13 634.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 325.09 634.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 365.17 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.25 634.10 Td (another ) Tj ET Q q 0 0 0 rg BT 407.54 634.10 Td (processor ) Tj ET Q q 0 0 0 rg BT 448.17 634.10 Td (quickly) Tj ET Q q 0 0 0 rg BT 477.51 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.32 634.10 Td (its ) Tj ET Q q 0 0 0 rg BT 494.07 634.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 521.93 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.01 634.10 Td (process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.83 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 108.88 622.10 Td (suf) Tj ET Q q 0 0 0 rg BT 120.92 622.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 134.52 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.46 622.10 Td (investors' ) Tj ET Q q 0 0 0 rg BT 191.87 622.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 219.92 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.20 622.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 261.56 622.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 299.60 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.54 622.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 348.48 622.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 389.30 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 401.80 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.52 622.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 442.35 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 460.41 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 472.34 622.10 Td (delayed ) Tj ET Q q 0 0 0 rg BT 505.94 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 516.77 622.10 Td (impaired.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 607.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (If ) Tj ET Q q 0 0 0 rg BT 60.51 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.57 592.10 Td (security ) Tj ET Q q 0 0 0 rg BT 112.08 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.69 592.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 152.53 592.10 Td (investors' ) Tj ET Q q 0 0 0 rg BT 195.27 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.12 592.10 Td (borrowers' ) Tj ET Q q 0 0 0 rg BT 261.86 592.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 314.58 592.10 Td (information ) Tj ET Q q 0 0 0 rg BT 367.33 592.10 Td (stored ) Tj ET Q q 0 0 0 rg BT 395.62 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.24 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 424.98 592.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 459.38 592.10 Td (is ) Tj ET Q q 0 0 0 rg BT 469.33 592.10 Td (breached ) Tj ET Q q 0 0 0 rg BT 510.39 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 522.56 592.10 Td (otherwise ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (subjected ) Tj ET Q q 0 0 0 rg BT 91.26 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.97 580.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 159.93 580.10 Td (access, ) Tj ET Q q 0 0 0 rg BT 191.46 580.10 Td (users' ) Tj ET Q q 0 0 0 rg BT 218.85 580.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 248.45 580.10 Td (information ) Tj ET Q q 0 0 0 rg BT 300.84 580.10 Td (may ) Tj ET Q q 0 0 0 rg BT 320.99 580.10 Td (be ) Tj ET Q q 0 0 0 rg BT 333.36 580.10 Td (stolen, ) Tj ET Q q 0 0 0 rg BT 363.25 580.10 Td (our ) Tj ET Q q 0 0 0 rg BT 380.63 580.10 Td (reputations ) Tj ET Q q 0 0 0 rg BT 430.25 580.10 Td (may ) Tj ET Q q 0 0 0 rg BT 450.40 580.10 Td (be ) Tj ET Q q 0 0 0 rg BT 462.77 580.10 Td (harmed, ) Tj ET Q q 0 0 0 rg BT 499.88 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.37 580.10 Td (we ) Tj ET Q q 0 0 0 rg BT 532.42 580.10 Td (may ) Tj ET Q q 0 0 0 rg BT 552.57 580.10 Td (be ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 85.27 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.55 568.10 Td (liability) Tj ET Q q 0 0 0 rg BT 126.28 568.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 553.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (As ) Tj ET Q q 0 0 0 rg BT 100.52 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 121.71 538.10 Td (any ) Tj ET Q q 0 0 0 rg BT 139.55 538.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 165.73 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 186.92 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.76 538.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 240.38 538.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 274.88 538.10 Td (presence, ) Tj ET Q q 0 0 0 rg BT 315.77 538.10 Td (we ) Tj ET Q q 0 0 0 rg BT 330.83 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.68 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.30 538.10 Td (third ) Tj ET Q q 0 0 0 rg BT 386.60 538.10 Td (party ) Tj ET Q q 0 0 0 rg BT 410.55 538.10 Td (that ) Tj ET Q q 0 0 0 rg BT 428.95 538.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 462.91 538.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 483.54 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 498.61 538.10 Td (website ) Tj ET Q q 0 0 0 rg BT 532.56 538.10 Td (hosting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (occasionally ) Tj ET Q q 0 0 0 rg BT 103.01 526.10 Td (have ) Tj ET Q q 0 0 0 rg BT 124.92 526.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 176.25 526.10 Td (cyber) Tj ET Q q 0 0 0 rg BT 198.26 526.10 Td (-attacks, ) Tj ET Q q 0 0 0 rg BT 234.88 526.10 Td (attempts ) Tj ET Q q 0 0 0 rg BT 271.80 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.61 526.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 312.28 526.10 Td (their ) Tj ET Q q 0 0 0 rg BT 333.64 526.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 368.34 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.81 526.10 Td (other ) Tj ET Q q 0 0 0 rg BT 409.39 526.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 440.19 526.10 Td (incidents, ) Tj ET Q q 0 0 0 rg BT 481.83 526.10 Td (none ) Tj ET Q q 0 0 0 rg BT 504.30 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.66 526.10 Td (which ) Tj ET Q q 0 0 0 rg BT 543.13 526.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (been ) Tj ET Q q 0 0 0 rg BT 72.88 514.10 Td (successful. ) Tj ET Q q 0 0 0 rg BT 120.48 514.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 140.03 514.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 192.89 514.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 220.22 514.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 247.15 514.10 Td (investors' ) Tj ET Q q 0 0 0 rg BT 289.06 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.50 514.10 Td (borrowers' ) Tj ET Q q 0 0 0 rg BT 353.84 514.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 377.28 514.10 Td (information ) Tj ET Q q 0 0 0 rg BT 428.49 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.93 514.10 Td (other ) Tj ET Q q 0 0 0 rg BT 471.48 514.10 Td (personally-identifiable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 87.65 502.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 108.87 502.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 128.75 502.10 Td (accidental ) Tj ET Q q 0 0 0 rg BT 171.93 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.92 502.10 Td (willful ) Tj ET Q q 0 0 0 rg BT 212.24 502.10 Td (security ) Tj ET Q q 0 0 0 rg BT 246.55 502.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 284.18 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 295.17 502.10 Td (other ) Tj ET Q q 0 0 0 rg BT 318.37 502.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 373.23 502.10 Td (access ) Tj ET Q q 0 0 0 rg BT 401.42 502.10 Td (could ) Tj ET Q q 0 0 0 rg BT 426.29 502.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 451.15 502.10 Td (users' ) Tj ET Q q 0 0 0 rg BT 476.16 502.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 504.35 502.10 Td (information ) Tj ET Q q 0 0 0 rg BT 554.22 502.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.82 490.10 Td (stolen ) Tj ET Q q 0 0 0 rg BT 88.09 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.90 490.10 Td (used ) Tj ET Q q 0 0 0 rg BT 125.62 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 139.66 490.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 175.36 490.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 215.79 490.10 Td (Security ) Tj ET Q q 0 0 0 rg BT 251.49 490.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 288.85 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 299.56 490.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 354.14 490.10 Td (access ) Tj ET Q q 0 0 0 rg BT 382.06 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.22 490.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 420.14 490.10 Td (information ) Tj ET Q q 0 0 0 rg BT 469.73 490.10 Td (could ) Tj ET Q q 0 0 0 rg BT 494.33 490.10 Td (also ) Tj ET Q q 0 0 0 rg BT 512.81 490.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 542.96 490.10 Td (us ) Tj ET Q q 0 0 0 rg BT 554.24 490.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 82.94 478.10 Td (related ) Tj ET Q q 0 0 0 rg BT 111.97 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.58 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.63 478.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 153.02 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.18 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.23 478.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 228.77 478.10 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 295.60 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.87 478.10 Td (expensive ) Tj ET Q q 0 0 0 rg BT 353.68 478.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 391.62 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.89 478.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 443.59 478.10 Td (publicity) Tj ET Q q 0 0 0 rg BT 478.50 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 482.83 478.10 Td (If ) Tj ET Q q 0 0 0 rg BT 491.32 478.10 Td (security ) Tj ET Q q 0 0 0 rg BT 524.80 478.10 Td (measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.75 466.10 Td (breached ) Tj ET Q q 0 0 0 rg BT 103.37 466.10 Td (because ) Tj ET Q q 0 0 0 rg BT 137.55 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.42 466.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 193.72 466.10 Td (action, ) Tj ET Q q 0 0 0 rg BT 223.19 466.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 264.60 466.10 Td (error) Tj ET Q q 0 0 0 rg BT 283.63 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 288.67 466.10 Td (malfeasance ) Tj ET Q q 0 0 0 rg BT 340.62 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.48 466.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 395.40 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 406.27 466.10 Td (if ) Tj ET Q q 0 0 0 rg BT 414.91 466.10 Td (design ) Tj ET Q q 0 0 0 rg BT 443.56 466.10 Td (flaws ) Tj ET Q q 0 0 0 rg BT 467.76 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.08 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.83 466.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 527.57 466.10 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.64 454.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 99.84 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.71 454.10 Td (exploited, ) Tj ET Q q 0 0 0 rg BT 158.85 454.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 178.22 454.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.98 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.85 454.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 223.00 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.86 454.10 Td (third ) Tj ET Q q 0 0 0 rg BT 251.18 454.10 Td (party ) Tj ET Q q 0 0 0 rg BT 274.16 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 284.92 454.10 Td (disaf) Tj ET Q q 0 0 0 rg BT 304.18 454.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 331.03 454.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 372.33 454.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 403.65 454.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 458.29 454.10 Td (access ) Tj ET Q q 0 0 0 rg BT 486.25 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.46 454.10 Td (any ) Tj ET Q q 0 0 0 rg BT 513.33 454.10 Td (investors' ) Tj ET Q q 0 0 0 rg BT 553.67 454.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (borrowers' ) Tj ET Q q 0 0 0 rg BT 95.74 442.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 118.29 442.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 144.60 442.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 199.10 442.10 Td (with ) Tj ET Q q 0 0 0 rg BT 220.27 442.10 Td (its ) Tj ET Q q 0 0 0 rg BT 233.12 442.10 Td (users ) Tj ET Q q 0 0 0 rg BT 257.06 442.10 Td (will ) Tj ET Q q 0 0 0 rg BT 276.01 442.10 Td (be ) Tj ET Q q 0 0 0 rg BT 288.84 442.10 Td (severely ) Tj ET Q q 0 0 0 rg BT 325.55 442.10 Td (damaged, ) Tj ET Q q 0 0 0 rg BT 367.54 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.37 442.10 Td (it ) Tj ET Q q 0 0 0 rg BT 394.32 442.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 409.38 442.10 Td (PMI\) ) Tj ET Q q 0 0 0 rg BT 433.88 442.10 Td (could ) Tj ET Q q 0 0 0 rg BT 459.49 442.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 483.43 442.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 529.04 442.10 Td (liability) Tj ET Q q 0 0 0 rg BT 559.50 442.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 85.34 430.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 130.13 430.10 Td (used ) Tj ET Q q 0 0 0 rg BT 150.49 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.29 430.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 187.31 430.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 241.54 430.10 Td (access ) Tj ET Q q 0 0 0 rg BT 269.10 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.46 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.26 430.10 Td (sabotage ) Tj ET Q q 0 0 0 rg BT 326.27 430.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 359.96 430.10 Td (change ) Tj ET Q q 0 0 0 rg BT 390.31 430.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 433.42 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.89 430.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 489.12 430.10 Td (are ) Tj ET Q q 0 0 0 rg BT 503.35 430.10 Td (not ) Tj ET Q q 0 0 0 rg BT 518.15 430.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (until ) Tj ET Q q 0 0 0 rg BT 71.01 418.10 Td (they ) Tj ET Q q 0 0 0 rg BT 90.90 418.10 Td (are ) Tj ET Q q 0 0 0 rg BT 105.78 418.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 144.55 418.10 Td (against ) Tj ET Q q 0 0 0 rg BT 175.55 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 182.67 418.10 Td (tar) Tj ET Q q 0 0 0 rg BT 193.03 418.10 Td (get, ) Tj ET Q q 0 0 0 rg BT 210.42 418.10 Td (we ) Tj ET Q q 0 0 0 rg BT 224.76 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.87 418.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 268.02 418.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 313.46 418.10 Td (hosting ) Tj ET Q q 0 0 0 rg BT 345.58 418.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 382.69 418.10 Td (may ) Tj ET Q q 0 0 0 rg BT 402.58 418.10 Td (be ) Tj ET Q q 0 0 0 rg BT 414.69 418.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 444.02 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.48 418.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 496.02 418.10 Td (these ) Tj ET Q q 0 0 0 rg BT 519.24 418.10 Td (techniques ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 62.18 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 73.81 406.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 120.43 406.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 159.81 406.10 Td (preventative ) Tj ET Q q 0 0 0 rg BT 213.08 406.10 Td (measures. ) Tj ET Q q 0 0 0 rg BT 256.64 406.10 Td (In ) Tj ET Q q 0 0 0 rg BT 268.82 406.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 307.94 406.10 Td (many ) Tj ET Q q 0 0 0 rg BT 334.01 406.10 Td (states ) Tj ET Q q 0 0 0 rg BT 360.07 406.10 Td (have ) Tj ET Q q 0 0 0 rg BT 382.80 406.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 417.18 406.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 439.36 406.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 479.87 406.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 526.48 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.11 406.10 Td (notify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 97.08 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.04 394.10 Td (data ) Tj ET Q q 0 0 0 rg BT 127.32 394.10 Td (security ) Tj ET Q q 0 0 0 rg BT 161.61 394.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 199.22 394.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 240.19 394.10 Td (their ) Tj ET Q q 0 0 0 rg BT 261.14 394.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 297.65 394.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 319.25 394.10 Td (These ) Tj ET Q q 0 0 0 rg BT 345.76 394.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 391.15 394.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 438.22 394.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 479.17 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 486.24 394.10 Td (security ) Tj ET Q q 0 0 0 rg BT 520.53 394.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 549.80 394.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 77.88 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.65 382.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 136.41 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.84 382.10 Td (often ) Tj ET Q q 0 0 0 rg BT 179.38 382.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 200.03 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.80 382.10 Td (widespread ) Tj ET Q q 0 0 0 rg BT 261.33 382.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 299.19 382.10 Td (publicity) Tj ET Q q 0 0 0 rg BT 334.09 382.10 Td (, ) Tj ET Q q 0 0 0 rg BT 340.59 382.10 Td (which ) Tj ET Q q 0 0 0 rg BT 369.02 382.10 Td (may ) Tj ET Q q 0 0 0 rg BT 390.23 382.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 416.42 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 433.75 382.10 Td (users ) Tj ET Q q 0 0 0 rg BT 458.29 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.06 382.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 490.16 382.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 538.02 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 382.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 370.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 103.51 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.34 370.10 Td (its ) Tj ET Q q 0 0 0 rg BT 124.29 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.23 370.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 165.21 370.10 Td (data ) Tj ET Q q 0 0 0 rg BT 183.36 370.10 Td (security ) Tj ET Q q 0 0 0 rg BT 216.52 370.10 Td (measures. ) Tj ET Q q 0 0 0 rg BT 257.40 370.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 276.12 370.10 Td (security ) Tj ET Q q 0 0 0 rg BT 309.27 370.10 Td (breach, ) Tj ET Q q 0 0 0 rg BT 339.92 370.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 373.63 370.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 399.00 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 408.83 370.10 Td (perceived, ) Tj ET Q q 0 0 0 rg BT 451.69 370.10 Td (would ) Tj ET Q q 0 0 0 rg BT 478.19 370.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 500.24 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.07 370.10 Td (reputations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 358.10 Td (we ) Tj ET Q q 0 0 0 rg BT 81.10 358.10 Td (could ) Tj ET Q q 0 0 0 rg BT 105.82 358.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 124.42 358.10 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 343.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 69.08 328.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 115.38 328.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 160.03 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.77 328.10 Td (service ) Tj ET Q q 0 0 0 rg BT 201.49 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.24 328.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.10 328.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 282.05 328.10 Td (or ) Tj ET Q q 0 0 0 rg BT 293.35 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.09 328.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 332.06 328.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 373.35 328.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 406.87 328.10 Td (could ) Tj ET Q q 0 0 0 rg BT 432.05 328.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 472.77 328.10 Td (af) Tj ET Q q 0 0 0 rg BT 480.92 328.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 498.31 328.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 526.28 328.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.24 328.10 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 85.83 316.10 Td (its ) Tj ET Q q 0 0 0 rg BT 97.78 316.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 145.84 316.10 Td (under ) Tj ET Q q 0 0 0 rg BT 172.80 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.71 316.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 252.08 316.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 286.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 111.96 286.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 140.00 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.26 286.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 184.96 286.10 Td (its ) Tj ET Q q 0 0 0 rg BT 196.89 286.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 243.82 286.10 Td (under ) Tj ET Q q 0 0 0 rg BT 269.07 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.23 286.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 345.71 286.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 392.62 286.10 Td (could ) Tj ET Q q 0 0 0 rg BT 417.33 286.10 Td (be ) Tj ET Q q 0 0 0 rg BT 429.25 286.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 472.27 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.20 286.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 530.00 286.10 Td (af) Tj ET Q q 0 0 0 rg BT 537.58 286.10 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.51 274.10 Td (events ) Tj ET Q q 0 0 0 rg BT 90.57 274.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 121.97 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.82 274.10 Td (its ) Tj ET Q q 0 0 0 rg BT 144.78 274.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 177.94 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 196.00 274.10 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 244.61 274.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 300.14 274.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 341.53 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.48 274.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 405.98 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.83 274.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 442.82 274.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 489.76 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.72 274.10 Td (its ) Tj ET Q q 0 0 0 rg BT 518.68 274.10 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (network ) Tj ET Q q 0 0 0 rg BT 85.32 262.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 141.73 262.10 Td (are ) Tj ET Q q 0 0 0 rg BT 156.48 262.10 Td (important ) Tj ET Q q 0 0 0 rg BT 197.91 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.24 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 224.12 262.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 267.20 262.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 313.90 262.10 Td (level ) Tj ET Q q 0 0 0 rg BT 335.88 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.76 262.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 385.96 262.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 419.32 262.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 462.41 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.40 262.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 507.50 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.83 262.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 545.35 262.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (users ) Tj ET Q q 0 0 0 rg BT 72.70 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.28 250.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 114.19 250.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 148.00 250.10 Td (users. ) Tj ET Q q 0 0 0 rg BT 173.20 250.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 198.82 250.10 Td (system ) Tj ET Q q 0 0 0 rg BT 228.74 250.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 268.08 250.10 Td (is ) Tj ET Q q 0 0 0 rg BT 276.90 250.10 Td (hosted ) Tj ET Q q 0 0 0 rg BT 305.15 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.07 250.10 Td (hosting ) Tj ET Q q 0 0 0 rg BT 346.67 250.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 383.24 250.10 Td (located ) Tj ET Q q 0 0 0 rg BT 414.26 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.18 250.10 Td (Las ) Tj ET Q q 0 0 0 rg BT 440.61 250.10 Td (V) Tj ET Q q 0 0 0 rg BT 446.72 250.10 Td (egas, ) Tj ET Q q 0 0 0 rg BT 469.14 250.10 Td (Nevada ) Tj ET Q q 0 0 0 rg BT 501.82 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.40 250.10 Td (Scottsdale, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Arizona, ) Tj ET Q q 0 0 0 rg BT 87.42 238.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 116.80 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.95 238.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 171.09 238.10 Td (by ) Tj ET Q q 0 0 0 rg BT 183.81 238.10 Td (Digital ) Tj ET Q q 0 0 0 rg BT 214.30 238.10 Td (Realty ) Tj ET Q q 0 0 0 rg BT 242.92 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 248.68 238.10 Td (rust. ) Tj ET Q q 0 0 0 rg BT 268.90 238.10 Td (Digital ) Tj ET Q q 0 0 0 rg BT 299.39 238.10 Td (Realty ) Tj ET Q q 0 0 0 rg BT 328.01 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 333.77 238.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 351.48 238.10 Td (does ) Tj ET Q q 0 0 0 rg BT 372.53 238.10 Td (not ) Tj ET Q q 0 0 0 rg BT 388.02 238.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 429.60 238.10 Td (that ) Tj ET Q q 0 0 0 rg BT 447.31 238.10 Td (access ) Tj ET Q q 0 0 0 rg BT 475.57 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.06 238.10 Td (our ) Tj ET Q q 0 0 0 rg BT 502.11 238.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 553.68 238.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.86 226.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 85.42 226.10 Td (own ) Tj ET Q q 0 0 0 rg BT 104.73 226.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 138.48 226.10 Td (will ) Tj ET Q q 0 0 0 rg BT 156.12 226.10 Td (be ) Tj ET Q q 0 0 0 rg BT 167.65 226.10 Td (uninterrupted, ) Tj ET Q q 0 0 0 rg BT 226.10 226.10 Td (error) Tj ET Q q 0 0 0 rg BT 245.33 226.10 Td (-free ) Tj ET Q q 0 0 0 rg BT 266.28 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 276.70 226.10 Td (secure. ) Tj ET Q q 0 0 0 rg BT 306.67 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 324.30 226.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 364.14 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.56 226.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.97 226.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 440.91 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.44 226.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 483.00 226.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 522.84 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.26 226.10 Td (its ) Tj ET Q q 0 0 0 rg BT 544.79 226.10 Td (own ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 84.02 214.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 115.25 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 127.60 214.10 Td (Digital ) Tj ET Q q 0 0 0 rg BT 157.73 214.10 Td (Realty ) Tj ET Q q 0 0 0 rg BT 186.02 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 191.77 214.10 Td (rust's ) Tj ET Q q 0 0 0 rg BT 214.82 214.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 242.72 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.85 214.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 282.97 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.54 214.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 332.09 214.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 366.12 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 376.25 214.10 Td (Digital ) Tj ET Q q 0 0 0 rg BT 406.37 214.10 Td (Realty ) Tj ET Q q 0 0 0 rg BT 434.66 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 440.42 214.10 Td (rust's ) Tj ET Q q 0 0 0 rg BT 463.46 214.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 500.24 214.10 Td (against ) Tj ET Q q 0 0 0 rg BT 530.92 214.10 Td (damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 63.37 202.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 115.62 202.10 Td (from ) Tj ET Q q 0 0 0 rg BT 140.10 202.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 172.91 202.10 Td (disasters, ) Tj ET Q q 0 0 0 rg BT 214.89 202.10 Td (power ) Tj ET Q q 0 0 0 rg BT 244.92 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 258.29 202.10 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 343.86 202.10 Td (failures, ) Tj ET Q q 0 0 0 rg BT 381.39 202.10 Td (air ) Tj ET Q q 0 0 0 rg BT 396.97 202.10 Td (quality) Tj ET Q q 0 0 0 rg BT 424.10 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 431.64 202.10 Td (temperature, ) Tj ET Q q 0 0 0 rg BT 486.93 202.10 Td (humidity ) Tj ET Q q 0 0 0 rg BT 528.08 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.45 202.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 109.95 190.10 Td (concerns, ) Tj ET Q q 0 0 0 rg BT 150.19 190.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 190.14 190.10 Td (viruses ) Tj ET Q q 0 0 0 rg BT 220.67 190.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.19 190.10 Td (other ) Tj ET Q q 0 0 0 rg BT 253.94 190.10 Td (attempts ) Tj ET Q q 0 0 0 rg BT 290.01 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.99 190.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 322.73 190.10 Td (them, ) Tj ET Q q 0 0 0 rg BT 347.42 190.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 382.93 190.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 400.67 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.31 190.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 447.28 190.10 Td (events. ) Tj ET Q q 0 0 0 rg BT 477.52 190.10 Td (If ) Tj ET Q q 0 0 0 rg BT 486.37 190.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 512.04 190.10 Td (arrangement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.97 178.10 Td (Digital ) Tj ET Q q 0 0 0 rg BT 101.94 178.10 Td (Realty ) Tj ET Q q 0 0 0 rg BT 131.00 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 136.76 178.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 154.95 178.10 Td (is ) Tj ET Q q 0 0 0 rg BT 164.82 178.10 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 213.27 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 224.79 178.10 Td (there ) Tj ET Q q 0 0 0 rg BT 247.97 178.10 Td (is ) Tj ET Q q 0 0 0 rg BT 257.84 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.47 178.10 Td (lapse ) Tj ET Q q 0 0 0 rg BT 289.21 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.73 178.10 Td (service ) Tj ET Q q 0 0 0 rg BT 332.24 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 343.76 178.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 378.05 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.02 178.10 Td (Digital ) Tj ET Q q 0 0 0 rg BT 419.99 178.10 Td (Realty ) Tj ET Q q 0 0 0 rg BT 449.05 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 454.81 178.10 Td (rust's ) Tj ET Q q 0 0 0 rg BT 478.70 178.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 518.82 178.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 539.80 178.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 95.59 166.10 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 148.98 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.05 166.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 200.23 166.10 Td (its ) Tj ET Q q 0 0 0 rg BT 211.97 166.10 Td (services ) Tj ET Q q 0 0 0 rg BT 246.46 166.10 Td (under ) Tj ET Q q 0 0 0 rg BT 271.52 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.52 166.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 347.86 166.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 397.08 166.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 413.94 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.23 166.10 Td (could ) Tj ET Q q 0 0 0 rg BT 440.73 166.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 486.32 166.10 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 539.72 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 166.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 96.12 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.92 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.72 154.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 182.55 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.45 154.10 Td (both ) Tj ET Q q 0 0 0 rg BT 223.70 154.10 Td (could ) Tj ET Q q 0 0 0 rg BT 250.38 154.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 298.15 154.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 328.17 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.08 154.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 391.53 154.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 428.21 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.46 154.10 Td (arranging ) Tj ET Q q 0 0 0 rg BT 483.24 154.10 Td (new ) Tj ET Q q 0 0 0 rg BT 504.37 154.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 544.78 154.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 103.39 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 114.00 142.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 141.84 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.90 142.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 177.66 142.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 230.47 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.08 142.10 Td (its ) Tj ET Q q 0 0 0 rg BT 252.82 142.10 Td (services ) Tj ET Q q 0 0 0 rg BT 287.31 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.92 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.99 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.49 142.10 Td (functioning ) Tj ET Q q 0 0 0 rg BT 370.88 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.49 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.22 142.10 Td (accessibility ) Tj ET Q q 0 0 0 rg BT 449.93 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.55 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.16 142.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 529.80 142.10 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.63 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.36 130.10 Td (result ) Tj ET Q q 0 0 0 rg BT 91.88 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.50 130.10 Td (Digital ) Tj ET Q q 0 0 0 rg BT 132.58 130.10 Td (Realty ) Tj ET Q q 0 0 0 rg BT 160.81 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 166.57 130.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 183.86 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 194.49 130.10 Td (other ) Tj ET Q q 0 0 0 rg BT 217.34 130.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 262.40 130.10 Td (error) Tj ET Q q 0 0 0 rg BT 281.43 130.10 Td (, ) Tj ET Q q 0 0 0 rg BT 286.22 130.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 312.00 130.10 Td (error) Tj ET Q q 0 0 0 rg BT 331.03 130.10 Td (, ) Tj ET Q q 0 0 0 rg BT 335.82 130.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 365.88 130.10 Td (disasters ) Tj ET Q q 0 0 0 rg BT 402.62 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.25 130.10 Td (security ) Tj ET Q q 0 0 0 rg BT 447.20 130.10 Td (breaches, ) Tj ET Q q 0 0 0 rg BT 486.97 130.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 521.48 130.10 Td (accidental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.19 118.10 Td (willful, ) Tj ET Q q 0 0 0 rg BT 91.22 118.10 Td (could ) Tj ET Q q 0 0 0 rg BT 115.30 118.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 137.71 118.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 162.49 118.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 215.46 118.10 Td (with ) Tj ET Q q 0 0 0 rg BT 237.60 118.10 Td (users ) Tj ET Q q 0 0 0 rg BT 260.01 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.31 118.10 Td (its ) Tj ET Q q 0 0 0 rg BT 287.62 118.10 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 332.11 118.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 382.02 118.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.38 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.02 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.10 118.10 Td (event ) Tj ET Q q 0 0 0 rg BT 433.61 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.81 118.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 476.76 118.10 Td (or ) Tj ET Q q 0 0 0 rg BT 486.95 118.10 Td (interruption, ) Tj ET Q q 0 0 0 rg BT 538.53 118.10 Td (PMI's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 91.15 106.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 125.09 106.10 Td (may ) Tj ET Q q 0 0 0 rg BT 145.14 106.10 Td (not ) Tj ET Q q 0 0 0 rg BT 160.75 106.10 Td (be ) Tj ET Q q 0 0 0 rg BT 173.02 106.10 Td (suf) Tj ET Q q 0 0 0 rg BT 185.07 106.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 213.44 106.10 Td (for ) Tj ET Q q 0 0 0 rg BT 227.94 106.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 248.55 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.17 106.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 305.31 106.10 Td (compensate ) Tj ET Q q 0 0 0 rg BT 355.35 106.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 372.21 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.04 106.10 Td (for ) Tj ET Q q 0 0 0 rg BT 389.54 106.10 Td (any ) Tj ET Q q 0 0 0 rg BT 406.81 106.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 433.54 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 451.37 106.10 Td (it ) Tj ET Q q 0 0 0 rg BT 459.76 106.10 Td (may ) Tj ET Q q 0 0 0 rg BT 479.81 106.10 Td (incur) Tj ET Q q 0 0 0 rg BT 499.80 106.10 Td (. ) Tj ET Q q 0 0 0 rg BT 505.14 106.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 531.45 106.10 Td (disaster ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 87.66 94.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 107.57 94.10 Td (has ) Tj ET Q q 0 0 0 rg BT 123.59 94.10 Td (not ) Tj ET Q q 0 0 0 rg BT 139.05 94.10 Td (been ) Tj ET Q q 0 0 0 rg BT 160.62 94.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 186.63 94.10 Td (under ) Tj ET Q q 0 0 0 rg BT 212.09 94.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 238.65 94.10 Td (disaster ) Tj ET Q q 0 0 0 rg BT 271.88 94.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 318.74 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.86 94.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 356.33 94.10 Td (may ) Tj ET Q q 0 0 0 rg BT 376.24 94.10 Td (not ) Tj ET Q q 0 0 0 rg BT 391.70 94.10 Td (have ) Tj ET Q q 0 0 0 rg BT 413.27 94.10 Td (suf) Tj ET Q q 0 0 0 rg BT 425.31 94.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 453.54 94.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 489.54 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.00 94.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 532.67 94.10 Td (all ) Tj ET Q q 0 0 0 rg BT 545.35 94.10 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.48 82.10 Td (services ) Tj ET Q q 0 0 0 rg BT 102.73 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.55 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.81 82.10 Td (event ) Tj ET Q q 0 0 0 rg BT 153.51 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.88 82.10 Td (an ) Tj ET Q q 0 0 0 rg BT 177.36 82.10 Td (outage ) Tj ET Q q 0 0 0 rg BT 207.06 82.10 Td (at ) Tj ET Q q 0 0 0 rg BT 217.31 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.57 82.10 Td (Digital ) Tj ET Q q 0 0 0 rg BT 263.39 82.10 Td (Realty ) Tj ET Q q 0 0 0 rg BT 292.31 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 298.07 82.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 316.11 82.10 Td (facility) Tj ET Q q 0 0 0 rg BT 343.78 82.10 Td (. ) Tj ET Q q 0 0 0 rg BT 349.11 82.10 Td (These ) Tj ET Q q 0 0 0 rg BT 376.03 82.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 406.27 82.10 Td (could ) Tj ET Q q 0 0 0 rg BT 431.53 82.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 464.56 82.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 485.39 82.10 Td (from ) Tj ET Q q 0 0 0 rg BT 507.87 82.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 553.68 82.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (posting ) Tj ET Q q 0 0 0 rg BT 81.08 70.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 121.04 70.10 Td (on ) Tj ET Q q 0 0 0 rg BT 132.67 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.52 70.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 186.47 70.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 212.54 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 222.51 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.35 70.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 263.82 70.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 296.54 70.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 321.10 70.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 345.50 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.57 70.10 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 406.25 70.10 Td (divert ) Tj ET Q q 0 0 0 rg BT 431.20 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.05 70.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 481.68 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.64 70.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 516.75 70.10 Td (employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 78.99 58.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 104.25 58.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 140.74 58.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.41 58.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 191.53 58.10 Td (or ) Tj ET Q q 0 0 0 rg BT 202.20 58.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 219.06 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.40 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.52 58.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 264.97 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.75 58.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 306.30 58.10 Td (users ) Tj ET Q q 0 0 0 rg BT 329.19 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.31 58.10 Td (abandon ) Tj ET Q q 0 0 0 rg BT 375.53 58.10 Td (our ) Tj ET Q q 0 0 0 rg BT 391.20 58.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 444.90 58.10 Td (any ) Tj ET Q q 0 0 0 rg BT 461.68 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.35 58.10 Td (which ) Tj ET Q q 0 0 0 rg BT 499.13 58.10 Td (could ) Tj ET Q q 0 0 0 rg BT 523.69 58.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 46.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.07 46.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.90 46.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 133.94 46.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 181.16 46.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 218.64 46.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 258.91 46.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.85 46.10 Td (results ) Tj ET Q q 0 0 0 rg BT 304.46 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.29 46.10 Td (operations.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (34) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.17 727.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 122.22 727.10 Td (may ) Tj ET Q q 0 0 0 rg BT 141.93 727.10 Td (be ) Tj ET Q q 0 0 0 rg BT 153.87 727.10 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 200.26 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.54 727.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 251.92 727.10 Td (viruses, ) Tj ET Q q 0 0 0 rg BT 285.82 727.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 322.20 727.10 Td (or ) Tj ET Q q 0 0 0 rg BT 333.59 727.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 376.64 727.10 Td (break-ins ) Tj ET Q q 0 0 0 rg BT 418.03 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.09 727.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 467.49 727.10 Td (disruptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 697.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 104.54 697.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 156.39 697.10 Td (may ) Tj ET Q q 0 0 0 rg BT 176.60 697.10 Td (be ) Tj ET Q q 0 0 0 rg BT 189.02 697.10 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 234.22 697.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.98 697.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 285.74 697.10 Td (viruses, ) Tj ET Q q 0 0 0 rg BT 319.56 697.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 355.87 697.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.19 697.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 409.60 697.10 Td (break-ins ) Tj ET Q q 0 0 0 rg BT 449.80 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.23 697.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 497.99 697.10 Td (disruptions. ) Tj ET Q q 0 0 0 rg BT 547.93 697.10 Td (If ) Tj ET Q q 0 0 0 rg BT 557.58 697.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td ("hacker" ) Tj ET Q q 0 0 0 rg BT 87.55 685.10 Td (were ) Tj ET Q q 0 0 0 rg BT 109.72 685.10 Td (able ) Tj ET Q q 0 0 0 rg BT 129.12 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.64 685.10 Td (infiltrate ) Tj ET Q q 0 0 0 rg BT 176.82 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.89 685.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 246.99 685.10 Td (users ) Tj ET Q q 0 0 0 rg BT 270.29 685.10 Td (would ) Tj ET Q q 0 0 0 rg BT 298.03 685.10 Td (be ) Tj ET Q q 0 0 0 rg BT 310.21 685.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.28 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.80 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.76 685.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 407.26 685.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 425.00 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.07 685.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 459.92 685.10 Td (or ) Tj ET Q q 0 0 0 rg BT 470.99 685.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 510.38 685.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 543.68 685.10 Td (theft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.84 673.10 Td (may ) Tj ET Q q 0 0 0 rg BT 88.46 673.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 135.16 673.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 162.45 673.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 178.35 673.10 Td (or ) Tj ET Q q 0 0 0 rg BT 190.08 673.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 219.02 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.20 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.82 673.10 Td (recoupment ) Tj ET Q q 0 0 0 rg BT 296.42 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.15 673.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 345.44 673.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 370.50 673.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 386.40 673.10 Td (a ) Tj ET Q q 0 0 0 rg BT 394.24 673.10 Td (fraudulently ) Tj ET Q q 0 0 0 rg BT 446.51 673.10 Td (induced ) Tj ET Q q 0 0 0 rg BT 481.56 673.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 520.50 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.23 673.10 Td (a ) Tj ET Q q 0 0 0 rg BT 540.07 673.10 Td (Note. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 661.10 Td (, ) Tj ET Q q 0 0 0 rg BT 104.56 661.10 Td (if ) Tj ET Q q 0 0 0 rg BT 112.83 661.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.42 661.10 Td (hacker ) Tj ET Q q 0 0 0 rg BT 148.23 661.10 Td (were ) Tj ET Q q 0 0 0 rg BT 169.81 661.10 Td (able ) Tj ET Q q 0 0 0 rg BT 188.63 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.56 661.10 Td (access ) Tj ET Q q 0 0 0 rg BT 226.26 661.10 Td (our ) Tj ET Q q 0 0 0 rg BT 241.75 661.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 269.44 661.10 Td (files, ) Tj ET Q q 0 0 0 rg BT 291.32 661.10 Td (he ) Tj ET Q q 0 0 0 rg BT 302.92 661.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.40 661.10 Td (she ) Tj ET Q q 0 0 0 rg BT 328.89 661.10 Td (might ) Tj ET Q q 0 0 0 rg BT 354.38 661.10 Td (be ) Tj ET Q q 0 0 0 rg BT 365.98 661.10 Td (able ) Tj ET Q q 0 0 0 rg BT 384.79 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.73 661.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 414.11 661.10 Td (access ) Tj ET Q q 0 0 0 rg BT 441.80 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.74 661.10 Td (users' ) Tj ET Q q 0 0 0 rg BT 476.25 661.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 512.29 661.10 Td (information. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (While ) Tj ET Q q 0 0 0 rg BT 76.96 649.10 Td (we ) Tj ET Q q 0 0 0 rg BT 91.15 649.10 Td (have ) Tj ET Q q 0 0 0 rg BT 112.55 649.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 136.73 649.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 159.26 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.56 649.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 202.07 649.10 Td (such ) Tj ET Q q 0 0 0 rg BT 222.93 649.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 255.44 649.10 Td (from ) Tj ET Q q 0 0 0 rg BT 277.41 649.10 Td (af) Tj ET Q q 0 0 0 rg BT 285.00 649.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 315.28 649.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.14 649.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 385.02 649.10 Td (if ) Tj ET Q q 0 0 0 rg BT 393.66 649.10 Td (we ) Tj ET Q q 0 0 0 rg BT 407.84 649.10 Td (are ) Tj ET Q q 0 0 0 rg BT 422.58 649.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 451.76 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.06 649.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 494.57 649.10 Td (such ) Tj ET Q q 0 0 0 rg BT 515.43 649.10 Td (activity) Tj ET Q q 0 0 0 rg BT 544.77 649.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.80 649.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.16 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.99 637.10 Td (investors' ) Tj ET Q q 0 0 0 rg BT 125.40 637.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 171.78 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.06 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.77 637.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 222.60 637.10 Td (could ) Tj ET Q q 0 0 0 rg BT 247.32 637.10 Td (be ) Tj ET Q q 0 0 0 rg BT 259.26 637.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 300.07 637.10 Td (af) Tj ET Q q 0 0 0 rg BT 307.66 637.10 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 102.79 607.10 Td (for ) Tj ET Q q 0 0 0 rg BT 117.24 607.10 Td (Prosper's ) Tj ET Q q 0 0 0 rg BT 158.35 607.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 202.78 607.10 Td (is ) Tj ET Q q 0 0 0 rg BT 211.68 607.10 Td (intense, ) Tj ET Q q 0 0 0 rg BT 245.85 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.64 607.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 298.09 607.10 Td (may ) Tj ET Q q 0 0 0 rg BT 317.53 607.10 Td (not ) Tj ET Q q 0 0 0 rg BT 333.10 607.10 Td (be ) Tj ET Q q 0 0 0 rg BT 344.77 607.10 Td (able ) Tj ET Q q 0 0 0 rg BT 364.21 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.21 607.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 403.11 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.89 607.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 447.57 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.57 607.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 490.92 607.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 519.81 607.10 Td (employees ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (it ) Tj ET Q q 0 0 0 rg BT 58.06 595.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 83.89 595.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.17 595.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 130.00 595.10 Td (under ) Tj ET Q q 0 0 0 rg BT 156.95 595.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.86 595.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 236.23 595.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 565.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 138.96 565.10 Td (for ) Tj ET Q q 0 0 0 rg BT 153.58 565.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 182.09 565.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 211.72 565.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 250.77 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.16 565.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.10 565.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 347.94 565.10 Td (is ) Tj ET Q q 0 0 0 rg BT 357.57 565.10 Td (extremely ) Tj ET Q q 0 0 0 rg BT 400.51 565.10 Td (intense. ) Tj ET Q q 0 0 0 rg BT 434.29 565.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 467.80 565.10 Td (may ) Tj ET Q q 0 0 0 rg BT 487.98 565.10 Td (not ) Tj ET Q q 0 0 0 rg BT 503.71 565.10 Td (be ) Tj ET Q q 0 0 0 rg BT 516.11 565.10 Td (able ) Tj ET Q q 0 0 0 rg BT 535.73 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 546.46 565.10 Td (hire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.68 553.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 93.69 553.10 Td (these ) Tj ET Q q 0 0 0 rg BT 117.49 553.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 159.61 553.10 Td (at ) Tj ET Q q 0 0 0 rg BT 170.07 553.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 228.86 553.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 255.43 553.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 298.67 553.10 Td (with ) Tj ET Q q 0 0 0 rg BT 319.70 553.10 Td (its ) Tj ET Q q 0 0 0 rg BT 332.39 553.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 367.30 553.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 426.09 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.78 553.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 470.90 553.10 Td (structure. ) Tj ET Q q 0 0 0 rg BT 511.63 553.10 Td (Many ) Tj ET Q q 0 0 0 rg BT 538.21 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 553.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 95.26 541.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.54 541.10 Td (which ) Tj ET Q q 0 0 0 rg BT 142.48 541.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 175.53 541.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 215.79 541.10 Td (for ) Tj ET Q q 0 0 0 rg BT 229.95 541.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 280.75 541.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 326.01 541.10 Td (have ) Tj ET Q q 0 0 0 rg BT 347.39 541.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 377.64 541.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 417.90 541.10 Td (than ) Tj ET Q q 0 0 0 rg BT 437.62 541.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 470.67 541.10 Td (has ) Tj ET Q q 0 0 0 rg BT 486.50 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.43 541.10 Td (may ) Tj ET Q q 0 0 0 rg BT 523.15 541.10 Td (be ) Tj ET Q q 0 0 0 rg BT 535.09 541.10 Td (able ) Tj ET Q q 0 0 0 rg BT 554.24 541.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 529.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 71.75 529.10 Td (more ) Tj ET Q q 0 0 0 rg BT 94.79 529.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 134.49 529.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 159.21 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.04 529.10 Td (employment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 499.10 Td (In ) Tj ET Q q 0 0 0 rg BT 98.39 499.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 137.73 499.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 172.34 499.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 204.18 499.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 250.46 499.10 Td (time ) Tj ET Q q 0 0 0 rg BT 272.29 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.79 499.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 327.06 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.91 499.10 Td (training ) Tj ET Q q 0 0 0 rg BT 374.07 499.10 Td (its ) Tj ET Q q 0 0 0 rg BT 387.58 499.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 436.91 499.10 Td (which ) Tj ET Q q 0 0 0 rg BT 465.41 499.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 506.12 499.10 Td (their ) Tj ET Q q 0 0 0 rg BT 528.50 499.10 Td (value ) Tj ET Q q 0 0 0 rg BT 554.22 499.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 100.12 487.10 Td (who ) Tj ET Q q 0 0 0 rg BT 120.26 487.10 Td (may ) Tj ET Q q 0 0 0 rg BT 140.39 487.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 161.07 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.76 487.10 Td (recruit ) Tj ET Q q 0 0 0 rg BT 200.77 487.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 226.17 487.10 Td (If ) Tj ET Q q 0 0 0 rg BT 235.75 487.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 269.21 487.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 289.34 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.03 487.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 325.71 487.10 Td (its ) Tj ET Q q 0 0 0 rg BT 338.07 487.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 386.25 487.10 Td (it ) Tj ET Q q 0 0 0 rg BT 394.71 487.10 Td (could ) Tj ET Q q 0 0 0 rg BT 419.84 487.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 443.30 487.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 488.43 487.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 527.44 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 538.13 487.10 Td (hiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.90 475.10 Td (training ) Tj ET Q q 0 0 0 rg BT 102.46 475.10 Td (their ) Tj ET Q q 0 0 0 rg BT 124.25 475.10 Td (replacements ) Tj ET Q q 0 0 0 rg BT 180.45 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.35 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.03 475.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 245.26 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.05 475.10 Td (its ) Tj ET Q q 0 0 0 rg BT 269.96 475.10 Td (services ) Tj ET Q q 0 0 0 rg BT 305.63 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.52 475.10 Td (its ) Tj ET Q q 0 0 0 rg BT 336.43 475.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 365.44 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.68 475.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 401.24 475.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 441.35 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.25 475.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 498.81 475.10 Td (could ) Tj ET Q q 0 0 0 rg BT 524.49 475.10 Td (diminish, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 88.07 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.92 463.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.43 463.10 Td (material ) Tj ET Q q 0 0 0 rg BT 142.27 463.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 175.88 463.10 Td (ef) Tj ET Q q 0 0 0 rg BT 183.46 463.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 201.52 463.10 Td (on ) Tj ET Q q 0 0 0 rg BT 214.60 463.10 Td (its ) Tj ET Q q 0 0 0 rg BT 227.12 463.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 255.74 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.60 463.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 301.88 463.10 Td (its ) Tj ET Q q 0 0 0 rg BT 314.40 463.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 361.92 463.10 Td (under ) Tj ET Q q 0 0 0 rg BT 387.76 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.37 463.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 465.32 463.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 512.82 463.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 532.83 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 543.68 463.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 76.66 451.10 Td (Prosper's ) Tj ET Q q 0 0 0 rg BT 115.40 451.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 143.45 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.73 451.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 190.66 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.94 451.10 Td (make ) Tj ET Q q 0 0 0 rg BT 225.10 451.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 265.92 451.10 Td (on ) Tj ET Q q 0 0 0 rg BT 278.42 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.14 451.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 318.97 451.10 Td (could ) Tj ET Q q 0 0 0 rg BT 343.69 451.10 Td (be ) Tj ET Q q 0 0 0 rg BT 355.63 451.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 398.66 451.10 Td (impaired.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (Purchasers ) Tj ET Q q 0 0 0 rg BT 99.17 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.00 421.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 135.83 421.10 Td (will ) Tj ET Q q 0 0 0 rg BT 153.34 421.10 Td (have ) Tj ET Q q 0 0 0 rg BT 175.28 421.10 Td (no ) Tj ET Q q 0 0 0 rg BT 188.34 421.10 Td (control ) Tj ET Q q 0 0 0 rg BT 220.29 421.10 Td (over ) Tj ET Q q 0 0 0 rg BT 240.56 421.10 Td (us ) Tj ET Q q 0 0 0 rg BT 252.51 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.57 421.10 Td (will ) Tj ET Q q 0 0 0 rg BT 288.08 421.10 Td (not ) Tj ET Q q 0 0 0 rg BT 303.92 421.10 Td (be ) Tj ET Q q 0 0 0 rg BT 315.85 421.10 Td (able ) Tj ET Q q 0 0 0 rg BT 335.57 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.85 421.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 387.24 421.10 Td (our ) Tj ET Q q 0 0 0 rg BT 404.19 421.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 446.13 421.10 Td (matters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 391.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 391.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.27 391.10 Td (is ) Tj ET Q q 0 0 0 rg BT 114.34 391.10 Td (not ) Tj ET Q q 0 0 0 rg BT 129.53 391.10 Td (of) Tj ET Q q 0 0 0 rg BT 137.68 391.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 163.96 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.80 391.10 Td (will ) Tj ET Q q 0 0 0 rg BT 198.77 391.10 Td (not ) Tj ET Q q 0 0 0 rg BT 213.95 391.10 Td (of) Tj ET Q q 0 0 0 rg BT 222.10 391.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 235.61 391.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 263.01 391.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 298.74 391.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.92 391.10 Td (its ) Tj ET Q q 0 0 0 rg BT 320.78 391.10 Td (company) Tj ET Q q 0 0 0 rg BT 356.78 391.10 Td (. ) Tj ET Q q 0 0 0 rg BT 361.69 391.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 400.76 391.10 Td (who ) Tj ET Q q 0 0 0 rg BT 420.38 391.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 458.33 391.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 484.06 391.10 Td (of) Tj ET Q q 0 0 0 rg BT 492.21 391.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 515.16 391.10 Td (through ) Tj ET Q q 0 0 0 rg BT 548.67 391.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 100.88 379.10 Td (will ) Tj ET Q q 0 0 0 rg BT 118.45 379.10 Td (have ) Tj ET Q q 0 0 0 rg BT 139.35 379.10 Td (no ) Tj ET Q q 0 0 0 rg BT 151.36 379.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 178.38 379.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 209.83 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.62 379.10 Td (either ) Tj ET Q q 0 0 0 rg BT 244.41 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.75 379.10 Td (us ) Tj ET Q q 0 0 0 rg BT 265.66 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.12 379.10 Td (no ) Tj ET Q q 0 0 0 rg BT 294.14 379.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 321.71 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.50 379.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 350.74 379.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.76 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 373.11 379.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 412.33 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 427.67 379.10 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 468.96 379.10 Td (As ) Tj ET Q q 0 0 0 rg BT 482.09 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.55 379.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 515.29 379.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 537.59 379.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 73.96 367.10 Td (all ) Tj ET Q q 0 0 0 rg BT 86.80 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.97 367.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 123.74 367.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 173.25 367.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 201.09 367.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 239.76 367.10 Td (will ) Tj ET Q q 0 0 0 rg BT 258.16 367.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 295.44 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.06 367.10 Td (have ) Tj ET Q q 0 0 0 rg BT 327.78 367.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 346.73 367.10 Td (control ) Tj ET Q q 0 0 0 rg BT 377.90 367.10 Td (over ) Tj ET Q q 0 0 0 rg BT 398.52 367.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 424.28 367.10 Td (governance ) Tj ET Q q 0 0 0 rg BT 473.21 367.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 507.99 367.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 539.16 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 367.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 87.67 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.69 355.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 124.31 355.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 175.87 355.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 216.05 355.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 244.29 355.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 277.53 355.10 Td (will ) Tj ET Q q 0 0 0 rg BT 295.78 355.10 Td (be ) Tj ET Q q 0 0 0 rg BT 307.91 355.10 Td (required ) Tj ET Q q 0 0 0 rg BT 343.92 355.10 Td (before ) Tj ET Q q 0 0 0 rg BT 372.15 355.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 389.01 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.70 355.10 Td (can ) Tj ET Q q 0 0 0 rg BT 408.27 355.10 Td (take ) Tj ET Q q 0 0 0 rg BT 427.61 355.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 457.51 355.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 514.06 355.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 547.58 355.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.37 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.19 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.46 343.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 149.28 343.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 187.42 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.24 343.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 222.21 343.10 Td (or) Tj ET Q q 0 0 0 rg BT 230.36 343.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 281.27 343.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 326.64 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.13 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.94 343.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 397.86 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.34 343.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 450.82 343.10 Td (Indenture. ) Tj ET Q q 0 0 0 rg BT 493.68 343.10 Td (See ) Tj ET Q q 0 0 0 rg BT 510.16 343.10 Td ("Information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (About ) Tj ET Q q 0 0 0 rg BT 77.50 331.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 110.55 331.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 146.39 331.10 Td (LLC" ) Tj ET Q q 0 0 0 rg BT 171.86 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.80 331.10 Td ("Information ) Tj ET Q q 0 0 0 rg BT 242.59 331.10 Td (About ) Tj ET Q q 0 0 0 rg BT 270.09 331.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 303.14 331.10 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 358.12 331.10 Td (Inc." ) Tj ET Q q 0 0 0 rg BT 379.97 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 394.13 331.10 Td (more ) Tj ET Q q 0 0 0 rg BT 417.17 331.10 Td (information.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (Events ) Tj ET Q q 0 0 0 rg BT 80.66 301.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 112.97 301.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.31 301.10 Td (control ) Tj ET Q q 0 0 0 rg BT 162.63 301.10 Td (may ) Tj ET Q q 0 0 0 rg BT 182.73 301.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 217.82 301.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.15 301.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 263.58 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.24 301.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 314.36 301.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 354.45 301.10 Td (records, ) Tj ET Q q 0 0 0 rg BT 390.38 301.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 430.50 301.10 Td (our ) Tj ET Q q 0 0 0 rg BT 447.83 301.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 501.25 301.10 Td (or ) Tj ET Q q 0 0 0 rg BT 513.02 301.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 549.23 301.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 89.77 289.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 140.38 289.10 Td (If ) Tj ET Q q 0 0 0 rg BT 150.16 289.10 Td (such ) Tj ET Q q 0 0 0 rg BT 172.16 289.10 Td (events ) Tj ET Q q 0 0 0 rg BT 200.26 289.10 Td (result ) Tj ET Q q 0 0 0 rg BT 226.15 289.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.04 289.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.59 289.10 Td (system ) Tj ET Q q 0 0 0 rg BT 274.35 289.10 Td (failure, ) Tj ET Q q 0 0 0 rg BT 307.18 289.10 Td (investors' ) Tj ET Q q 0 0 0 rg BT 349.18 289.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 377.28 289.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.61 289.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 419.02 289.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 458.80 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.91 289.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 510.02 289.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 551.46 289.10 Td (on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.28 277.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 91.11 277.10 Td (would ) Tj ET Q q 0 0 0 rg BT 118.62 277.10 Td (be ) Tj ET Q q 0 0 0 rg BT 130.56 277.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 185.29 277.10 Td (harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 247.10 Td (If ) Tj ET Q q 0 0 0 rg BT 94.65 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.08 247.10 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 151.38 247.10 Td (event ) Tj ET Q q 0 0 0 rg BT 175.03 247.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 208.68 247.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.45 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.88 247.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 275.72 247.10 Td (outage ) Tj ET Q q 0 0 0 rg BT 304.37 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.80 247.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 356.12 247.10 Td (data ) Tj ET Q q 0 0 0 rg BT 374.76 247.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 394.82 247.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 419.73 247.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 447.27 247.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 467.03 247.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 492.50 247.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 520.04 247.10 Td (as ) Tj ET Q q 0 0 0 rg BT 530.37 247.10 Td (servicer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.72 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.46 235.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 150.53 235.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 200.24 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.97 235.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 244.13 235.10 Td (its ) Tj ET Q q 0 0 0 rg BT 255.53 235.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 294.14 235.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 340.54 235.10 Td (would ) Tj ET Q q 0 0 0 rg BT 367.49 235.10 Td (be ) Tj ET Q q 0 0 0 rg BT 378.88 235.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 421.37 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.77 235.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 478.03 235.10 Td (af) Tj ET Q q 0 0 0 rg BT 485.62 235.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 514.50 235.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 536.45 235.10 Td (events ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 84.97 223.10 Td (but ) Tj ET Q q 0 0 0 rg BT 100.78 223.10 Td (are ) Tj ET Q q 0 0 0 rg BT 116.02 223.10 Td (not ) Tj ET Q q 0 0 0 rg BT 131.83 223.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 163.19 223.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 176.50 223.10 Td (fires, ) Tj ET Q q 0 0 0 rg BT 199.80 223.10 Td (earthquakes, ) Tj ET Q q 0 0 0 rg BT 253.09 223.10 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 287.77 223.10 Td (attacks, ) Tj ET Q q 0 0 0 rg BT 321.07 223.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 351.87 223.10 Td (disasters, ) Tj ET Q q 0 0 0 rg BT 391.84 223.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 432.63 223.10 Td (viruses ) Tj ET Q q 0 0 0 rg BT 463.99 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.46 223.10 Td (telecommunications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (failures. ) Tj ET Q q 0 0 0 rg BT 84.69 211.10 Td (In ) Tj ET Q q 0 0 0 rg BT 95.21 211.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 132.69 211.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 152.67 211.10 Td (is ) Tj ET Q q 0 0 0 rg BT 161.54 211.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 209.29 211.10 Td (for ) Tj ET Q q 0 0 0 rg BT 223.15 211.10 Td (storing ) Tj ET Q q 0 0 0 rg BT 253.13 211.10 Td (back-up ) Tj ET Q q 0 0 0 rg BT 287.53 211.10 Td (records ) Tj ET Q q 0 0 0 rg BT 319.16 211.10 Td (related ) Tj ET Q q 0 0 0 rg BT 348.56 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.54 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.96 211.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 412.92 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.45 211.10 Td (our ) Tj ET Q q 0 0 0 rg BT 438.98 211.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 490.04 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 500.01 211.10 Td (of) Tj ET Q q 0 0 0 rg BT 508.16 211.10 Td (fsite ) Tj ET Q q 0 0 0 rg BT 527.58 211.10 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (located ) Tj ET Q q 0 0 0 rg BT 81.14 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.18 199.10 Td (San ) Tj ET Q q 0 0 0 rg BT 108.45 199.10 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 152.09 199.10 Td (California ) Tj ET Q q 0 0 0 rg BT 194.90 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.60 199.10 Td (Las ) Tj ET Q q 0 0 0 rg BT 228.14 199.10 Td (V) Tj ET Q q 0 0 0 rg BT 234.26 199.10 Td (egas, ) Tj ET Q q 0 0 0 rg BT 256.79 199.10 Td (Nevada. ) Tj ET Q q 0 0 0 rg BT 292.09 199.10 Td (If ) Tj ET Q q 0 0 0 rg BT 301.02 199.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 326.76 199.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 368.44 199.10 Td (data ) Tj ET Q q 0 0 0 rg BT 387.37 199.10 Td (storage ) Tj ET Q q 0 0 0 rg BT 418.51 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.21 199.10 Td (back-up ) Tj ET Q q 0 0 0 rg BT 469.69 199.10 Td (data ) Tj ET Q q 0 0 0 rg BT 488.61 199.10 Td (storage ) Tj ET Q q 0 0 0 rg BT 519.75 199.10 Td (system ) Tj ET Q q 0 0 0 rg BT 549.79 199.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 187.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 84.23 187.10 Td (by ) Tj ET Q q 0 0 0 rg BT 96.45 187.10 Td (such ) Tj ET Q q 0 0 0 rg BT 117.00 187.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 147.27 187.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 172.42 187.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 200.19 187.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 220.18 187.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 245.88 187.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 273.65 187.10 Td (as ) Tj ET Q q 0 0 0 rg BT 284.20 187.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 318.07 187.10 Td (under ) Tj ET Q q 0 0 0 rg BT 343.05 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.00 187.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 419.28 187.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 469.26 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.26 187.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 513.69 187.10 Td (its ) Tj ET Q q 0 0 0 rg BT 525.35 187.10 Td (servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.95 175.10 Td (could ) Tj ET Q q 0 0 0 rg BT 121.68 175.10 Td (be ) Tj ET Q q 0 0 0 rg BT 133.63 175.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 176.67 175.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.62 175.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 234.44 175.10 Td (af) Tj ET Q q 0 0 0 rg BT 242.03 175.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 271.46 175.10 Td (In ) Tj ET Q q 0 0 0 rg BT 282.30 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.03 175.10 Td (event ) Tj ET Q q 0 0 0 rg BT 321.19 175.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.03 175.10 Td (any ) Tj ET Q q 0 0 0 rg BT 348.98 175.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 400.34 175.10 Td (outage ) Tj ET Q q 0 0 0 rg BT 429.51 175.10 Td (or ) Tj ET Q q 0 0 0 rg BT 440.35 175.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 476.18 175.10 Td (data ) Tj ET Q q 0 0 0 rg BT 495.34 175.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 513.42 175.10 Td (described ) Tj ET Q q 0 0 0 rg BT 554.24 175.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (this ) Tj ET Q q 0 0 0 rg BT 66.95 163.10 Td (paragraph, ) Tj ET Q q 0 0 0 rg BT 111.92 163.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 128.78 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.28 163.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 160.44 163.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 201.80 163.10 Td (that ) Tj ET Q q 0 0 0 rg BT 219.30 163.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 257.91 163.10 Td (would ) Tj ET Q q 0 0 0 rg BT 285.41 163.10 Td (be ) Tj ET Q q 0 0 0 rg BT 297.34 163.10 Td (able ) Tj ET Q q 0 0 0 rg BT 316.50 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.78 163.10 Td (recoup ) Tj ET Q q 0 0 0 rg BT 356.48 163.10 Td (their ) Tj ET Q q 0 0 0 rg BT 377.31 163.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 423.69 163.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.97 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.69 163.10 Td (Notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 71.70 133.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 116.15 133.10 Td (its ) Tj ET Q q 0 0 0 rg BT 128.41 133.10 Td (first ) Tj ET Q q 0 0 0 rg BT 147.88 133.10 Td (two ) Tj ET Q q 0 0 0 rg BT 165.13 133.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 217.40 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.54 133.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 253.85 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.21 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.36 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.94 133.10 Td (future ) Tj ET Q q 0 0 0 rg BT 327.31 133.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 349.01 133.10 Td (may ) Tj ET Q q 0 0 0 rg BT 369.03 133.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 407.95 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.54 133.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 442.45 133.10 Td (into ) Tj ET Q q 0 0 0 rg BT 461.37 133.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 513.64 133.10 Td (that ) Tj ET Q q 0 0 0 rg BT 532.56 133.10 Td (may ) Tj ET Q q 0 0 0 rg BT 552.58 133.10 Td (be ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 121.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 85.09 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.37 121.10 Td (integrate, ) Tj ET Q q 0 0 0 rg BT 137.04 121.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 153.42 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.70 121.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 197.29 121.10 Td (their ) Tj ET Q q 0 0 0 rg BT 219.24 121.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 256.74 121.10 Td (objectives, ) Tj ET Q q 0 0 0 rg BT 301.72 121.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 333.12 121.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.07 121.10 Td (business ) Tj ET Q q 0 0 0 rg BT 387.59 121.10 Td (or ) Tj ET Q q 0 0 0 rg BT 398.98 121.10 Td (divert ) Tj ET Q q 0 0 0 rg BT 424.80 121.10 Td (management ) Tj ET Q q 0 0 0 rg BT 480.64 121.10 Td (attention.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 91.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 105.09 91.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 148.04 91.10 Td (its ) Tj ET Q q 0 0 0 rg BT 158.79 91.10 Td (first ) Tj ET Q q 0 0 0 rg BT 176.21 91.10 Td (two ) Tj ET Q q 0 0 0 rg BT 192.51 91.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 241.59 91.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.67 91.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 274.47 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.21 91.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.30 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.82 91.10 Td (future ) Tj ET Q q 0 0 0 rg BT 338.00 91.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 357.08 91.10 Td (may ) Tj ET Q q 0 0 0 rg BT 375.60 91.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 411.34 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.42 91.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 441.71 91.10 Td (into ) Tj ET Q q 0 0 0 rg BT 458.57 91.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 507.65 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.28 91.10 Td (businesses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 103.40 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.69 79.10 Td (products ) Tj ET Q q 0 0 0 rg BT 157.99 79.10 Td (that ) Tj ET Q q 0 0 0 rg BT 175.84 79.10 Td (it ) Tj ET Q q 0 0 0 rg BT 184.25 79.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 215.99 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.62 79.10 Td (complement ) Tj ET Q q 0 0 0 rg BT 278.91 79.10 Td (its ) Tj ET Q q 0 0 0 rg BT 291.21 79.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 325.73 79.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 364.98 79.10 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 406.45 79.10 Td (services ) Tj ET Q q 0 0 0 rg BT 441.52 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.81 79.10 Td (technologies. ) Tj ET Q q 0 0 0 rg BT 514.71 79.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 535.35 79.10 Td (cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.60 67.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 123.51 67.10 Td (that ) Tj ET Q q 0 0 0 rg BT 140.56 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.83 67.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 204.65 67.10 Td (it ) Tj ET Q q 0 0 0 rg BT 212.25 67.10 Td (has ) Tj ET Q q 0 0 0 rg BT 227.63 67.10 Td (made ) Tj ET Q q 0 0 0 rg BT 251.34 67.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.72 67.10 Td (will ) Tj ET Q q 0 0 0 rg BT 279.33 67.10 Td (make ) Tj ET Q q 0 0 0 rg BT 303.03 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.86 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.13 67.10 Td (future ) Tj ET Q q 0 0 0 rg BT 353.05 67.10 Td (will ) Tj ET Q q 0 0 0 rg BT 370.66 67.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 403.26 67.10 Td (it ) Tj ET Q q 0 0 0 rg BT 410.86 67.10 Td (with ) Tj ET Q q 0 0 0 rg BT 430.69 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.96 67.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 478.66 67.10 Td (or ) Tj ET Q q 0 0 0 rg BT 489.04 67.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 521.62 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.89 67.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 96.69 55.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.29 55.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 142.88 55.10 Td (into ) Tj ET Q q 0 0 0 rg BT 161.26 55.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.30 55.10 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 224.87 55.10 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 278.25 55.10 Td (are ) Tj ET Q q 0 0 0 rg BT 293.28 55.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 331.10 55.10 Td (accompanied ) Tj ET Q q 0 0 0 rg BT 386.67 55.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.50 55.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.76 55.10 Td (number ) Tj ET Q q 0 0 0 rg BT 440.13 55.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.28 55.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 475.50 55.10 Td (including: ) Tj ET Q q 0 0 0 rg BT 518.87 55.10 Td (dif) Tj ET Q q 0 0 0 rg BT 529.80 55.10 Td (ficulties ) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (assimilating ) Tj ET Q q 0 0 0 rg BT 102.01 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.13 742.10 Td (retaining ) Tj ET Q q 0 0 0 rg BT 159.35 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.25 742.10 Td (management ) Tj ET Q q 0 0 0 rg BT 230.02 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.14 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 272.37 742.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 317.42 742.10 Td (culture ) Tj ET Q q 0 0 0 rg BT 348.87 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.99 742.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 412.32 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.33 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.23 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 478.34 742.10 Td (businesses; ) Tj ET Q q 0 0 0 rg BT 527.02 742.10 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 91.83 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.44 730.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 135.50 730.10 Td (business ) Tj ET Q q 0 0 0 rg BT 170.66 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.38 730.10 Td (distraction ) Tj ET Q q 0 0 0 rg BT 229.87 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.48 730.10 Td (management; ) Tj ET Q q 0 0 0 rg BT 294.62 730.10 Td (dif) Tj ET Q q 0 0 0 rg BT 305.55 730.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 339.04 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.09 730.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 397.14 730.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 440.60 730.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 482.15 730.10 Td (controls, ) Tj ET Q q 0 0 0 rg BT 518.14 730.10 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.47 718.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 104.11 718.10 Td (including ) Tj ET Q q 0 0 0 rg BT 144.91 718.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 191.26 718.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 229.28 718.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 268.96 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.44 718.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 327.23 718.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 364.43 718.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 413.55 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 434.37 718.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 465.71 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.52 718.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 508.43 718.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 537.01 718.10 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 103.45 706.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 141.90 706.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 160.92 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.70 706.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 207.82 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 219.61 706.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 257.49 706.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 294.82 706.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 336.04 706.10 Td (partners, ) Tj ET Q q 0 0 0 rg BT 374.20 706.10 Td (users ) Tj ET Q q 0 0 0 rg BT 398.21 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.10 706.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 460.10 706.10 Td (following ) Tj ET Q q 0 0 0 rg BT 502.45 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 515.34 706.10 Td (acquisition; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 694.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 95.58 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.79 694.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 151.55 694.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 188.41 694.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 241.39 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.26 694.10 Td (products ) Tj ET Q q 0 0 0 rg BT 295.14 694.10 Td (into ) Tj ET Q q 0 0 0 rg BT 313.13 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 328.90 694.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 367.45 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.33 694.10 Td (services; ) Tj ET Q q 0 0 0 rg BT 421.75 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.62 694.10 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 486.59 694.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 509.03 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.90 694.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 87.50 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 109.43 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.15 682.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 173.03 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.97 682.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 227.46 682.10 Td (unknown ) Tj ET Q q 0 0 0 rg BT 267.18 682.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 306.90 682.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 350.49 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 370.77 682.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 407.70 682.10 Td (businesses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 652.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.07 652.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 133.08 652.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 182.59 652.10 Td (may ) Tj ET Q q 0 0 0 rg BT 201.54 652.10 Td (result ) Tj ET Q q 0 0 0 rg BT 225.50 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.01 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.97 652.10 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 292.90 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.96 652.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 324.42 652.10 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 400.57 652.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 422.31 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.48 652.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 478.82 652.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 531.65 652.10 Td (char) Tj ET Q q 0 0 0 rg BT 548.68 652.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.47 640.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 99.50 640.10 Td (fs. ) Tj ET Q q 0 0 0 rg BT 111.59 640.10 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 165.18 640.10 Td (may ) Tj ET Q q 0 0 0 rg BT 185.43 640.10 Td (also ) Tj ET Q q 0 0 0 rg BT 204.57 640.10 Td (result ) Tj ET Q q 0 0 0 rg BT 229.82 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.64 640.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 279.23 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.70 640.10 Td (other ) Tj ET Q q 0 0 0 rg BT 320.28 640.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 363.31 640.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 389.67 640.10 Td (that ) Tj ET Q q 0 0 0 rg BT 407.70 640.10 Td (are ) Tj ET Q q 0 0 0 rg BT 422.94 640.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 454.30 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.12 640.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 514.25 640.10 Td (tests, ) Tj ET Q q 0 0 0 rg BT 537.56 640.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 628.10 Td (result ) Tj ET Q q 0 0 0 rg BT 99.43 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.71 628.10 Td (future ) Tj ET Q q 0 0 0 rg BT 136.09 628.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 184.69 628.10 Td (char) Tj ET Q q 0 0 0 rg BT 201.71 628.10 Td (ges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 106.52 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 126.47 598.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 149.19 598.10 Td (into ) Tj ET Q q 0 0 0 rg BT 167.48 598.10 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 219.10 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 233.49 598.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 284.00 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.73 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 316.67 598.10 Td (not ) Tj ET Q q 0 0 0 rg BT 332.18 598.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 375.46 598.10 Td (consummated. ) Tj ET Q q 0 0 0 rg BT 436.04 598.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 463.21 598.10 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 514.83 598.10 Td (could ) Tj ET Q q 0 0 0 rg BT 539.78 598.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.54 586.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 98.53 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.63 586.10 Td (management ) Tj ET Q q 0 0 0 rg BT 161.48 586.10 Td (time ) Tj ET Q q 0 0 0 rg BT 181.02 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.23 586.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 241.20 586.10 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 297.39 586.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 321.66 586.10 Td (If ) Tj ET Q q 0 0 0 rg BT 330.09 586.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 349.64 586.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 368.62 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.17 586.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 413.24 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.45 586.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 461.75 586.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 511.29 586.10 Td (successfully) Tj ET Q q 0 0 0 rg BT 559.51 586.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 70.16 574.10 Td (may ) Tj ET Q q 0 0 0 rg BT 89.75 574.10 Td (not ) Tj ET Q q 0 0 0 rg BT 104.90 574.10 Td (be ) Tj ET Q q 0 0 0 rg BT 116.71 574.10 Td (able ) Tj ET Q q 0 0 0 rg BT 135.74 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.89 574.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 178.79 574.10 Td (its ) Tj ET Q q 0 0 0 rg BT 190.62 574.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 236.86 574.10 Td (level ) Tj ET Q q 0 0 0 rg BT 258.66 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.37 574.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 300.07 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.88 574.10 Td (its ) Tj ET Q q 0 0 0 rg BT 328.70 574.10 Td (business ) Tj ET Q q 0 0 0 rg BT 364.97 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.78 574.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 421.91 574.10 Td (results ) Tj ET Q q 0 0 0 rg BT 450.40 574.10 Td (could ) Tj ET Q q 0 0 0 rg BT 474.99 574.10 Td (be ) Tj ET Q q 0 0 0 rg BT 486.80 574.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 527.49 574.10 Td (af) Tj ET Q q 0 0 0 rg BT 535.07 574.10 Td (fected.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.30 547.10 Td (RISKS RELA) Tj ET Q q 0 0 0 rg BT 231.86 547.10 Td (TING ) Tj ET Q q 0 0 0 rg BT 259.74 547.10 Td (T) Tj ET Q q 0 0 0 rg BT 266.23 547.10 Td (O COMPLIANCE ) Tj ET Q q 0 0 0 rg BT 347.90 547.10 Td (AND REGULA) Tj ET Q q 0 0 0 rg BT 414.10 547.10 Td (TION) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.18 517.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 120.23 517.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 163.96 517.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.47 517.10 Td (novel ) Tj ET Q q 0 0 0 rg BT 194.20 517.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 234.60 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.89 517.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 288.19 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.26 517.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 343.99 517.10 Td (that ) Tj ET Q q 0 0 0 rg BT 361.62 517.10 Td (may ) Tj ET Q q 0 0 0 rg BT 380.35 517.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 395.74 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.03 517.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 435.97 517.10 Td (with ) Tj ET Q q 0 0 0 rg BT 455.27 517.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 485.65 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.72 517.10 Td (state ) Tj ET Q q 0 0 0 rg BT 523.12 517.10 Td (securities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 72.81 505.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 112.57 505.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 156.21 505.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 179.03 505.10 Td (such ) Tj ET Q q 0 0 0 rg BT 200.46 505.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.32 505.10 Td (state ) Tj ET Q q 0 0 0 rg BT 232.19 505.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 265.28 505.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 288.09 505.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 318.95 505.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 361.48 505.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 405.12 505.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 425.44 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.97 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.73 505.10 Td (state ) Tj ET Q q 0 0 0 rg BT 478.59 505.10 Td (counterparts ) Tj ET Q q 0 0 0 rg BT 532.80 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 542.55 505.10 Td (such ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 92.08 493.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 135.27 493.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 157.63 493.10 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 202.49 493.10 Td (may ) Tj ET Q q 0 0 0 rg BT 221.23 493.10 Td (dispute ) Tj ET Q q 0 0 0 rg BT 252.20 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.49 493.10 Td (enforceability ) Tj ET Q q 0 0 0 rg BT 324.67 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.52 493.10 Td (their ) Tj ET Q q 0 0 0 rg BT 355.48 493.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 402.57 493.10 Td (under ) Tj ET Q q 0 0 0 rg BT 428.54 493.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 467.85 493.10 Td (or ) Tj ET Q q 0 0 0 rg BT 478.26 493.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 520.34 493.10 Td (protection ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 70.81 481.10 Td (after ) Tj ET Q q 0 0 0 rg BT 92.72 481.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 135.19 481.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 167.11 481.10 Td (have ) Tj ET Q q 0 0 0 rg BT 189.02 481.10 Td (commenced, ) Tj ET Q q 0 0 0 rg BT 242.86 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 254.22 481.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 296.14 481.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 316.39 481.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 354.97 481.10 Td (under ) Tj ET Q q 0 0 0 rg BT 381.89 481.10 Td (these ) Tj ET Q q 0 0 0 rg BT 405.47 481.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 428.78 481.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 469.04 481.10 Td (may ) Tj ET Q q 0 0 0 rg BT 488.73 481.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 521.75 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.00 481.10 Td (rescind ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (their ) Tj ET Q q 0 0 0 rg BT 71.77 469.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 93.52 469.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 137.52 469.10 Td (under ) Tj ET Q q 0 0 0 rg BT 164.29 469.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 205.49 469.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 228.65 469.10 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 276.53 469.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 314.39 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.27 469.10 Td (their ) Tj ET Q q 0 0 0 rg BT 354.04 469.10 Td (state ) Tj ET Q q 0 0 0 rg BT 375.24 469.10 Td (counterparts ) Tj ET Q q 0 0 0 rg BT 429.79 469.10 Td (may ) Tj ET Q q 0 0 0 rg BT 449.33 469.10 Td (investigate ) Tj ET Q q 0 0 0 rg BT 495.53 469.10 Td (our ) Tj ET Q q 0 0 0 rg BT 512.30 469.10 Td (compliance, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.52 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.94 457.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 126.78 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.75 457.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.83 457.10 Td (business ) Tj ET Q q 0 0 0 rg BT 192.48 457.10 Td (partners, ) Tj ET Q q 0 0 0 rg BT 232.07 457.10 Td (with ) Tj ET Q q 0 0 0 rg BT 252.49 457.10 Td (these ) Tj ET Q q 0 0 0 rg BT 276.23 457.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 321.64 457.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 372.34 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.54 457.10 Td (may ) Tj ET Q q 0 0 0 rg BT 410.39 457.10 Td (take ) Tj ET Q q 0 0 0 rg BT 430.24 457.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 484.52 457.10 Td (action ) Tj ET Q q 0 0 0 rg BT 512.71 457.10 Td (with ) Tj ET Q q 0 0 0 rg BT 533.14 457.10 Td (respect ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 445.10 Td (alleged ) Tj ET Q q 0 0 0 rg BT 92.21 445.10 Td (law ) Tj ET Q q 0 0 0 rg BT 109.16 445.10 Td (violations. ) Tj ET Q q 0 0 0 rg BT 154.17 445.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 206.11 445.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.40 445.10 Td (such ) Tj ET Q q 0 0 0 rg BT 248.35 445.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 293.63 445.10 Td (regimes ) Tj ET Q q 0 0 0 rg BT 328.34 445.10 Td (is ) Tj ET Q q 0 0 0 rg BT 337.51 445.10 Td (also ) Tj ET Q q 0 0 0 rg BT 356.68 445.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 382.51 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.57 445.10 Td (burdensome.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 415.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 104.55 415.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 156.42 415.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 199.96 415.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.40 415.10 Td (novel ) Tj ET Q q 0 0 0 rg BT 232.62 415.10 Td (program ) Tj ET Q q 0 0 0 rg BT 269.50 415.10 Td (that ) Tj ET Q q 0 0 0 rg BT 287.49 415.10 Td (must ) Tj ET Q q 0 0 0 rg BT 309.95 415.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 342.94 415.10 Td (with ) Tj ET Q q 0 0 0 rg BT 363.72 415.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 407.82 415.10 Td (regimes ) Tj ET Q q 0 0 0 rg BT 442.48 415.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 486.57 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.35 415.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 539.23 415.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 101.61 403.10 Td (as ) Tj ET Q q 0 0 0 rg BT 113.79 403.10 Td (well ) Tj ET Q q 0 0 0 rg BT 134.86 403.10 Td (as ) Tj ET Q q 0 0 0 rg BT 147.04 403.10 Td (with ) Tj ET Q q 0 0 0 rg BT 168.67 403.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 213.62 403.10 Td (regimes ) Tj ET Q q 0 0 0 rg BT 249.12 403.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 294.06 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.69 403.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 347.30 403.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 401.14 403.10 Td (The ) Tj ET Q q 0 0 0 rg BT 420.54 403.10 Td (novelty ) Tj ET Q q 0 0 0 rg BT 454.38 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.56 403.10 Td (our ) Tj ET Q q 0 0 0 rg BT 483.75 403.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 536.45 403.10 Td (means ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 99.04 391.10 Td (with ) Tj ET Q q 0 0 0 rg BT 119.78 391.10 Td (various ) Tj ET Q q 0 0 0 rg BT 152.17 391.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 184.00 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.29 391.10 Td (such ) Tj ET Q q 0 0 0 rg BT 216.58 391.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 237.86 391.10 Td (is ) Tj ET Q q 0 0 0 rg BT 247.49 391.10 Td (untested. ) Tj ET Q q 0 0 0 rg BT 286.27 391.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 318.66 391.10 Td (state ) Tj ET Q q 0 0 0 rg BT 339.94 391.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 361.22 391.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 401.38 391.10 Td (regulate ) Tj ET Q q 0 0 0 rg BT 436.54 391.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 468.93 391.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 490.76 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.15 391.10 Td (other ) Tj ET Q q 0 0 0 rg BT 531.66 391.10 Td (char) Tj ET Q q 0 0 0 rg BT 548.68 391.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.49 379.10 Td (require ) Tj ET Q q 0 0 0 rg BT 98.86 379.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 129.12 379.10 Td (disclosures, ) Tj ET Q q 0 0 0 rg BT 179.11 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.60 379.10 Td (also ) Tj ET Q q 0 0 0 rg BT 215.76 379.10 Td (require ) Tj ET Q q 0 0 0 rg BT 247.13 379.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 286.29 379.10 Td (for ) Tj ET Q q 0 0 0 rg BT 301.00 379.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 331.25 379.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 372.91 379.10 Td (In ) Tj ET Q q 0 0 0 rg BT 384.29 379.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 422.62 379.10 Td (other ) Tj ET Q q 0 0 0 rg BT 446.22 379.10 Td (state ) Tj ET Q q 0 0 0 rg BT 467.60 379.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 491.48 379.10 Td (public ) Tj ET Q q 0 0 0 rg BT 519.53 379.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 547.58 379.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (general ) Tj ET Q q 0 0 0 rg BT 82.15 367.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 124.31 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.37 367.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 163.10 367.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 196.37 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.87 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.82 367.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 265.09 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.15 367.10 Td (consumers, ) Tj ET Q q 0 0 0 rg BT 324.15 367.10 Td (unfair ) Tj ET Q q 0 0 0 rg BT 350.75 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.92 367.10 Td (deceptive ) Tj ET Q q 0 0 0 rg BT 408.96 367.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 447.22 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.38 367.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 484.33 367.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 526.49 367.10 Td (practices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.79 355.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 94.57 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.92 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.71 355.10 Td (origination, ) Tj ET Q q 0 0 0 rg BT 168.66 355.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 207.88 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.89 355.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 266.89 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.79 355.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 318.68 355.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 345.69 355.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.04 355.10 Td (our ) Tj ET Q q 0 0 0 rg BT 371.94 355.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 425.87 355.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 443.99 355.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 495.41 355.10 Td (is ) Tj ET Q q 0 0 0 rg BT 504.65 355.10 Td (also ) Tj ET Q q 0 0 0 rg BT 523.33 355.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.23 355.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 343.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 96.38 343.10 Td (such ) Tj ET Q q 0 0 0 rg BT 117.21 343.10 Td (as:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.81 310.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 157.97 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.73 310.10 Td (ruth-in-Lending ) Tj ET Q q 0 0 0 rg BT 229.62 310.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 246.65 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.69 310.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 310.16 310.10 Td (Z ) Tj ET Q q 0 0 0 rg BT 318.87 310.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 372.00 310.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 414.36 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 419.45 310.10 Td (which ) Tj ET Q q 0 0 0 rg BT 446.48 310.10 Td (require ) Tj ET Q q 0 0 0 rg BT 477.39 310.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 507.19 310.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 554.22 310.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 298.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 156.04 298.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 196.86 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.57 298.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 236.29 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.12 298.10 Td (their ) Tj ET Q q 0 0 0 rg BT 267.95 298.10 Td (loans;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 280.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.03 280.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 156.59 280.10 Td (Equal ) Tj ET Q q 0 0 0 rg BT 181.73 280.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 208.53 280.10 Td (Opportunity ) Tj ET Q q 0 0 0 rg BT 258.83 280.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 275.08 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.33 280.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 337.02 280.10 Td (B ) Tj ET Q q 0 0 0 rg BT 345.50 280.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 397.85 280.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 440.21 280.10 Td (, ) Tj ET Q q 0 0 0 rg BT 444.52 280.10 Td (which ) Tj ET Q q 0 0 0 rg BT 470.77 280.10 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 504.24 280.10 Td (discrimination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.61 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.65 268.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 179.80 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.96 268.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 216.55 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 229.38 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.42 268.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 267.25 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.41 268.10 Td (age, ) Tj ET Q q 0 0 0 rg BT 297.61 268.10 Td (race, ) Tj ET Q q 0 0 0 rg BT 319.58 268.10 Td (color) Tj ET Q q 0 0 0 rg BT 339.73 268.10 Td (, ) Tj ET Q q 0 0 0 rg BT 345.06 268.10 Td (sex, ) Tj ET Q q 0 0 0 rg BT 363.71 268.10 Td (religion, ) Tj ET Q q 0 0 0 rg BT 400.14 268.10 Td (marital ) Tj ET Q q 0 0 0 rg BT 431.29 268.10 Td (status, ) Tj ET Q q 0 0 0 rg BT 459.40 268.10 Td (national ) Tj ET Q q 0 0 0 rg BT 494.44 268.10 Td (origin, ) Tj ET Q q 0 0 0 rg BT 523.65 268.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 553.68 268.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 256.10 Td (public ) Tj ET Q q 0 0 0 rg BT 140.50 256.10 Td (assistance ) Tj ET Q q 0 0 0 rg BT 182.98 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.81 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.53 256.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 243.78 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.61 256.10 Td (any ) Tj ET Q q 0 0 0 rg BT 271.55 256.10 Td (right ) Tj ET Q q 0 0 0 rg BT 292.94 256.10 Td (under ) Tj ET Q q 0 0 0 rg BT 318.21 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.92 256.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 376.53 256.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 404.03 256.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 447.08 256.10 Td (Act;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.77 238.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 158.07 238.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 176.73 238.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 204.28 238.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 246.26 238.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 265.75 238.10 Td (which ) Tj ET Q q 0 0 0 rg BT 292.74 238.10 Td (regulates ) Tj ET Q q 0 0 0 rg BT 331.39 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.16 238.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 364.54 238.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 403.74 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.73 238.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 463.83 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.71 238.10 Td (information ) Tj ET Q q 0 0 0 rg BT 524.48 238.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.23 238.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 226.10 Td (each ) Tj ET Q q 0 0 0 rg BT 133.82 226.10 Td (applicant's ) Tj ET Q q 0 0 0 rg BT 178.66 226.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 203.92 226.10 Td (history;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 208.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.75 208.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 158.03 208.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 176.67 208.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 198.64 208.10 Td (Collection ) Tj ET Q q 0 0 0 rg BT 242.83 208.10 Td (Practices ) Tj ET Q q 0 0 0 rg BT 280.90 208.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 300.37 208.10 Td (which ) Tj ET Q q 0 0 0 rg BT 327.34 208.10 Td (regulates ) Tj ET Q q 0 0 0 rg BT 365.96 208.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 385.71 208.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 427.67 208.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 465.73 208.10 Td (by ) Tj ET Q q 0 0 0 rg BT 478.26 208.10 Td ("debt ) Tj ET Q q 0 0 0 rg BT 502.09 208.10 Td (collectors" ) Tj ET Q q 0 0 0 rg BT 547.58 208.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 196.10 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 151.43 196.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 171.52 196.10 Td (collectors ) Tj ET Q q 0 0 0 rg BT 213.27 196.10 Td (from ) Tj ET Q q 0 0 0 rg BT 235.58 196.10 Td (engaging ) Tj ET Q q 0 0 0 rg BT 275.11 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.77 196.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 315.84 196.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 354.25 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.91 196.10 Td (collecting, ) Tj ET Q q 0 0 0 rg BT 409.71 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.02 196.10 Td (attempting ) Tj ET Q q 0 0 0 rg BT 472.67 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.32 196.10 Td (collect, ) Tj ET Q q 0 0 0 rg BT 515.34 196.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 184.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 154.38 184.10 Td (loans;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 166.10 Td (state ) Tj ET Q q 0 0 0 rg BT 133.83 166.10 Td (counterparts ) Tj ET Q q 0 0 0 rg BT 185.75 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.03 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.74 166.10 Td (above ) Tj ET Q q 0 0 0 rg BT 237.12 166.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 278.50 166.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 321.54 166.10 Td (laws;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 148.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 148.10 Td (state ) Tj ET Q q 0 0 0 rg BT 133.83 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.76 148.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 181.02 148.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 221.28 148.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 244.61 148.10 Td (which ) Tj ET Q q 0 0 0 rg BT 271.55 148.10 Td (require ) Tj ET Q q 0 0 0 rg BT 302.37 148.10 Td (that ) Tj ET Q q 0 0 0 rg BT 319.86 148.10 Td (any ) Tj ET Q q 0 0 0 rg BT 336.80 148.10 Td (non-exempt ) Tj ET Q q 0 0 0 rg BT 387.06 148.10 Td (of) Tj ET Q q 0 0 0 rg BT 395.21 148.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 412.70 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.64 148.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 451.58 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.41 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.13 148.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 502.96 148.10 Td (be ) Tj ET Q q 0 0 0 rg BT 514.89 148.10 Td (registered;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 130.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 130.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 144.44 130.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 150.88 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.65 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.31 130.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 205.63 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 211.39 130.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 230.04 130.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 281.73 130.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 300.11 130.10 Td (which ) Tj ET Q q 0 0 0 rg BT 325.99 130.10 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 362.99 130.10 Td (unfair ) Tj ET Q q 0 0 0 rg BT 388.31 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.19 130.10 Td (deceptive ) Tj ET Q q 0 0 0 rg BT 443.94 130.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 460.93 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 470.70 130.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 507.67 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.89 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 526.67 130.10 Td (af) Tj ET Q q 0 0 0 rg BT 534.25 130.10 Td (fecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 118.10 Td (commerce, ) Tj ET Q q 0 0 0 rg BT 158.83 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.97 118.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 206.66 118.10 Td (1031 ) Tj ET Q q 0 0 0 rg BT 228.35 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.38 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.29 118.10 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 302.74 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 311.38 118.10 Td (all ) Tj ET Q q 0 0 0 rg BT 323.07 118.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 348.09 118.10 Td (Reform ) Tj ET Q q 0 0 0 rg BT 380.33 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.46 118.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 439.26 118.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 481.69 118.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 500.32 118.10 Td (which ) Tj ET Q q 0 0 0 rg BT 526.45 118.10 Td (prohibits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 106.10 Td (unfair) Tj ET Q q 0 0 0 rg BT 136.48 106.10 Td (, ) Tj ET Q q 0 0 0 rg BT 141.48 106.10 Td (deceptive ) Tj ET Q q 0 0 0 rg BT 182.29 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.12 106.10 Td (abusive ) Tj ET Q q 0 0 0 rg BT 226.16 106.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 244.21 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.04 106.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 293.07 106.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.35 106.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 349.72 106.10 Td (with ) Tj ET Q q 0 0 0 rg BT 370.00 106.10 Td (any ) Tj ET Q q 0 0 0 rg BT 386.94 106.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 428.32 106.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 465.80 106.10 Td (product ) Tj ET Q q 0 0 0 rg BT 498.84 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 509.67 106.10 Td (service;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 88.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.37 88.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 157.28 88.10 Td (Gramm-Leach-Bliley ) Tj ET Q q 0 0 0 rg BT 245.03 88.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 264.12 88.10 Td (which ) Tj ET Q q 0 0 0 rg BT 290.71 88.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 326.19 88.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 371.12 88.10 Td (on ) Tj ET Q q 0 0 0 rg BT 383.28 88.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 420.41 88.10 Td (institutions' ) Tj ET Q q 0 0 0 rg BT 468.82 88.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 511.52 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.00 88.10 Td (nonpublic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 76.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 149.71 76.10 Td (information ) Tj ET Q q 0 0 0 rg BT 199.76 76.10 Td (about ) Tj ET Q q 0 0 0 rg BT 224.81 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.08 76.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 273.79 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.41 76.10 Td (nonaf) Tj ET Q q 0 0 0 rg BT 306.99 76.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 338.15 76.10 Td (third ) Tj ET Q q 0 0 0 rg BT 359.87 76.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 391.86 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.47 76.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 432.51 76.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 491.98 76.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 527.03 76.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 64.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 159.74 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.80 64.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 190.98 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.48 64.10 Td (use ) Tj ET Q q 0 0 0 rg BT 221.10 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.82 64.10 Td (further ) Tj ET Q q 0 0 0 rg BT 267.31 64.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 310.14 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.76 64.10 Td (nonpublic ) Tj ET Q q 0 0 0 rg BT 363.04 64.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 399.20 64.10 Td (information ) Tj ET Q q 0 0 0 rg BT 448.70 64.10 Td (by ) Tj ET Q q 0 0 0 rg BT 460.98 64.10 Td (nonaf) Tj ET Q q 0 0 0 rg BT 483.57 64.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 514.18 64.10 Td (third ) Tj ET Q q 0 0 0 rg BT 535.35 64.10 Td (parties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.94 52.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 150.10 52.10 Td (they ) Tj ET Q q 0 0 0 rg BT 169.48 52.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 203.86 52.10 Td (such ) Tj ET Q q 0 0 0 rg BT 224.36 52.10 Td (information ) Tj ET Q q 0 0 0 rg BT 273.73 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.33 52.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 324.70 52.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 361.85 52.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 408.46 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.41 52.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 452.79 52.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 482.15 52.10 Td (privacy ) Tj ET Q q 0 0 0 rg BT 514.30 52.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 547.57 52.10 Td (and ) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 152.17 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 173.58 742.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 205.53 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.94 742.10 Td (information ) Tj ET Q q 0 0 0 rg BT 267.79 742.10 Td (sharing ) Tj ET Q q 0 0 0 rg BT 300.86 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 322.27 742.10 Td (af) Tj ET Q q 0 0 0 rg BT 329.86 742.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 361.82 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.89 742.10 Td (nonaf) Tj ET Q q 0 0 0 rg BT 402.48 742.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 434.43 742.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 466.95 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 478.91 742.10 Td (well ) Tj ET Q q 0 0 0 rg BT 499.76 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.73 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.14 742.10 Td (safeguard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 730.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 149.38 730.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 188.53 730.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 240.74 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.68 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 280.73 730.10 Td (privacy ) Tj ET Q q 0 0 0 rg BT 313.21 730.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 334.04 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.98 730.10 Td (regulations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.12 712.10 Td (Bankruptcy ) Tj ET Q q 0 0 0 rg BT 177.69 712.10 Td (Code, ) Tj ET Q q 0 0 0 rg BT 204.20 712.10 Td (which ) Tj ET Q q 0 0 0 rg BT 231.55 712.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 257.24 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.36 712.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 299.70 712.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.38 712.10 Td (which ) Tj ET Q q 0 0 0 rg BT 337.73 712.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 375.62 712.10 Td (may ) Tj ET Q q 0 0 0 rg BT 395.75 712.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 416.42 712.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.11 712.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 459.99 712.10 Td (debts ) Tj ET Q q 0 0 0 rg BT 484.00 712.10 Td (against ) Tj ET Q q 0 0 0 rg BT 515.24 712.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 544.80 712.10 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 700.10 Td (have ) Tj ET Q q 0 0 0 rg BT 134.38 700.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 155.20 700.10 Td (for ) Tj ET Q q 0 0 0 rg BT 169.36 700.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 216.85 700.10 Td (protection;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.43 682.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 157.40 682.10 Td (Servicemembers ) Tj ET Q q 0 0 0 rg BT 226.26 682.10 Td (Civil ) Tj ET Q q 0 0 0 rg BT 248.48 682.10 Td (Relief ) Tj ET Q q 0 0 0 rg BT 274.64 682.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 293.79 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 320.45 682.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 348.77 682.10 Td (military ) Tj ET Q q 0 0 0 rg BT 382.65 682.10 Td (members ) Tj ET Q q 0 0 0 rg BT 421.52 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.51 682.10 Td (suspend ) Tj ET Q q 0 0 0 rg BT 465.95 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.50 682.10 Td (postpone ) Tj ET Q q 0 0 0 rg BT 514.82 682.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 544.24 682.10 Td (civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 670.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 159.94 670.10 Td (so ) Tj ET Q q 0 0 0 rg BT 171.33 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 188.83 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.55 670.10 Td (military ) Tj ET Q q 0 0 0 rg BT 237.71 670.10 Td (member ) Tj ET Q q 0 0 0 rg BT 272.97 670.10 Td (can ) Tj ET Q q 0 0 0 rg BT 289.35 670.10 Td (devote ) Tj ET Q q 0 0 0 rg BT 318.50 670.10 Td (his ) Tj ET Q q 0 0 0 rg BT 332.67 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 343.50 670.10 Td (her ) Tj ET Q q 0 0 0 rg BT 358.77 670.10 Td (full ) Tj ET Q q 0 0 0 rg BT 375.16 670.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 412.65 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.93 670.10 Td (military ) Tj ET Q q 0 0 0 rg BT 457.09 670.10 Td (duties;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 652.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.96 652.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 158.46 652.10 Td (Military ) Tj ET Q q 0 0 0 rg BT 193.98 652.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 229.44 652.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 249.12 652.10 Td (which ) Tj ET Q q 0 0 0 rg BT 276.31 652.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 313.49 652.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 347.33 652.10 Td (protections ) Tj ET Q q 0 0 0 rg BT 394.50 652.10 Td (for ) Tj ET Q q 0 0 0 rg BT 408.91 652.10 Td (active ) Tj ET Q q 0 0 0 rg BT 435.52 652.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 456.05 652.10 Td (service ) Tj ET Q q 0 0 0 rg BT 487.11 652.10 Td (members ) Tj ET Q q 0 0 0 rg BT 526.51 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.69 652.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 640.10 Td (dependents ) Tj ET Q q 0 0 0 rg BT 160.49 640.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 174.65 640.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 208.79 640.10 Td (borrowers\) ) Tj ET Q q 0 0 0 rg BT 255.16 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.44 640.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 306.82 640.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 332.08 640.10 Td (transactions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.69 622.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 159.91 622.10 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 204.46 622.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 228.24 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 234.00 622.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 264.46 622.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 282.37 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.27 622.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 347.63 622.10 Td (E ) Tj ET Q q 0 0 0 rg BT 357.20 622.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 411.21 622.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 453.57 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.53 622.10 Td (which ) Tj ET Q q 0 0 0 rg BT 487.44 622.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 521.46 622.10 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 610.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 170.20 610.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 213.81 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.74 610.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 277.68 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.18 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.89 610.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 346.81 610.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 379.85 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.68 610.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 415.40 610.10 Td (from ) Tj ET Q q 0 0 0 rg BT 437.34 610.10 Td (consumers' ) Tj ET Q q 0 0 0 rg BT 484.41 610.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 506.35 610.10 Td (accounts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.19 592.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 158.91 592.10 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 202.97 592.10 Td (Signatures ) Tj ET Q q 0 0 0 rg BT 248.15 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 258.90 592.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 289.08 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.49 592.10 Td (National ) Tj ET Q q 0 0 0 rg BT 343.89 592.10 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 390.08 592.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 407.49 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.89 592.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 455.64 592.10 Td (state ) Tj ET Q q 0 0 0 rg BT 476.93 592.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 500.73 592.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 549.79 592.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 580.10 Td (Uniform ) Tj ET Q q 0 0 0 rg BT 149.57 580.10 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 192.63 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 198.39 580.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 245.03 580.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 264.10 580.10 Td (which ) Tj ET Q q 0 0 0 rg BT 290.66 580.10 Td (authorize ) Tj ET Q q 0 0 0 rg BT 329.99 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.34 580.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 378.67 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.13 580.10 Td (legally ) Tj ET Q q 0 0 0 rg BT 418.47 580.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 451.15 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.72 580.10 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 516.48 580.10 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 568.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 148.83 568.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 190.75 568.10 Td (records ) Tj ET Q q 0 0 0 rg BT 222.68 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.62 568.10 Td (signatures; ) Tj ET Q q 0 0 0 rg BT 285.44 568.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.02 550.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 158.58 550.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 182.49 550.10 Td (Secrecy ) Tj ET Q q 0 0 0 rg BT 216.32 550.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 236.06 550.10 Td (which ) Tj ET Q q 0 0 0 rg BT 263.30 550.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 292.20 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.78 550.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 351.67 550.10 Td (with ) Tj ET Q q 0 0 0 rg BT 372.25 550.10 Td (anti-money ) Tj ET Q q 0 0 0 rg BT 420.59 550.10 Td (laundering, ) Tj ET Q q 0 0 0 rg BT 468.66 550.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 508.12 550.10 Td (due ) Tj ET Q q 0 0 0 rg BT 525.36 550.10 Td (diligence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.94 538.10 Td (record-keeping ) Tj ET Q q 0 0 0 rg BT 192.96 538.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 226.56 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.50 538.10 Td (procedures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 505.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 505.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.54 505.10 Td (may ) Tj ET Q q 0 0 0 rg BT 121.23 505.10 Td (not ) Tj ET Q q 0 0 0 rg BT 136.47 505.10 Td (always ) Tj ET Q q 0 0 0 rg BT 166.71 505.10 Td (be ) Tj ET Q q 0 0 0 rg BT 178.61 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.86 505.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 237.42 505.10 Td (with ) Tj ET Q q 0 0 0 rg BT 257.66 505.10 Td (these ) Tj ET Q q 0 0 0 rg BT 280.68 505.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 303.97 505.10 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 348.65 505.10 Td (may ) Tj ET Q q 0 0 0 rg BT 368.34 505.10 Td (make ) Tj ET Q q 0 0 0 rg BT 392.46 505.10 Td (counterclaims ) Tj ET Q q 0 0 0 rg BT 451.02 505.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 491.80 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.48 505.10 Td (enforceability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.75 493.10 Td (their ) Tj ET Q q 0 0 0 rg BT 83.49 493.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 131.35 493.10 Td (under ) Tj ET Q q 0 0 0 rg BT 157.54 493.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 197.60 493.10 Td (or ) Tj ET Q q 0 0 0 rg BT 209.35 493.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 251.64 493.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 295.60 493.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 317.35 493.10 Td (after ) Tj ET Q q 0 0 0 rg BT 339.08 493.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 381.93 493.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 413.67 493.10 Td (have ) Tj ET Q q 0 0 0 rg BT 435.96 493.10 Td (commenced, ) Tj ET Q q 0 0 0 rg BT 490.19 493.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.94 493.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 544.23 493.10 Td (seek ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 87.33 481.10 Td (under ) Tj ET Q q 0 0 0 rg BT 112.45 481.10 Td (these ) Tj ET Q q 0 0 0 rg BT 135.34 481.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 158.52 481.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 197.53 481.10 Td (may ) Tj ET Q q 0 0 0 rg BT 217.09 481.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 249.43 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.56 481.10 Td (rescind ) Tj ET Q q 0 0 0 rg BT 290.78 481.10 Td (their ) Tj ET Q q 0 0 0 rg BT 311.46 481.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 333.24 481.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 375.02 481.10 Td (under ) Tj ET Q q 0 0 0 rg BT 400.13 481.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 440.25 481.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 463.42 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.21 481.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 497.07 481.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.42 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 510.09 481.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 535.92 481.10 Td (failure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.31 469.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 92.84 469.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.15 469.10 Td (such ) Tj ET Q q 0 0 0 rg BT 134.01 469.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 154.87 469.10 Td (could ) Tj ET Q q 0 0 0 rg BT 179.62 469.10 Td (also ) Tj ET Q q 0 0 0 rg BT 198.26 469.10 Td (result ) Tj ET Q q 0 0 0 rg BT 223.01 469.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.32 469.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 253.62 469.10 Td (or ) Tj ET Q q 0 0 0 rg BT 264.48 469.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 300.34 469.10 Td (liability) Tj ET Q q 0 0 0 rg BT 330.80 469.10 Td (. ) Tj ET Q q 0 0 0 rg BT 335.83 469.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 386.68 469.10 Td (with ) Tj ET Q q 0 0 0 rg BT 406.99 469.10 Td (these ) Tj ET Q q 0 0 0 rg BT 430.07 469.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 484.80 469.10 Td (is ) Tj ET Q q 0 0 0 rg BT 494.00 469.10 Td (also ) Tj ET Q q 0 0 0 rg BT 512.64 469.10 Td (costly) Tj ET Q q 0 0 0 rg BT 535.88 469.10 Td (, ) Tj ET Q q 0 0 0 rg BT 540.91 469.10 Td (time-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (consuming ) Tj ET Q q 0 0 0 rg BT 96.39 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.33 457.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 138.61 457.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 186.09 457.10 Td (flexibility) Tj ET Q q 0 0 0 rg BT 224.88 457.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.05 427.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 114.79 427.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 158.30 427.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 204.02 427.10 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 238.09 427.10 Td (is ) Tj ET Q q 0 0 0 rg BT 247.70 427.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.64 427.10 Td (new ) Tj ET Q q 0 0 0 rg BT 275.26 427.10 Td (agency) Tj ET Q q 0 0 0 rg BT 303.76 427.10 Td (, ) Tj ET Q q 0 0 0 rg BT 309.21 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.71 427.10 Td (there ) Tj ET Q q 0 0 0 rg BT 351.77 427.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 394.72 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.44 427.10 Td (be ) Tj ET Q q 0 0 0 rg BT 417.83 427.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 468.00 427.10 Td (as ) Tj ET Q q 0 0 0 rg BT 479.83 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.56 427.10 Td (how ) Tj ET Q q 0 0 0 rg BT 510.73 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.46 427.10 Td (agency's ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 81.95 415.10 Td (or ) Tj ET Q q 0 0 0 rg BT 93.34 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.62 415.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 140.57 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.40 415.10 Td (any ) Tj ET Q q 0 0 0 rg BT 168.90 415.10 Td (other ) Tj ET Q q 0 0 0 rg BT 193.07 415.10 Td (new ) Tj ET Q q 0 0 0 rg BT 212.24 415.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 243.61 415.10 Td (could ) Tj ET Q q 0 0 0 rg BT 268.89 415.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 299.17 415.10 Td (our ) Tj ET Q q 0 0 0 rg BT 316.12 415.10 Td (business ) Tj ET Q q 0 0 0 rg BT 353.63 415.10 Td (or ) Tj ET Q q 0 0 0 rg BT 365.02 415.10 Td (that ) Tj ET Q q 0 0 0 rg BT 383.64 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.47 415.10 Td (our ) Tj ET Q q 0 0 0 rg BT 411.43 415.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 443.39 415.10 Td (bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 385.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.20 385.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 147.97 385.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 187.84 385.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 231.60 385.10 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 263.13 385.10 Td (\("CFPB"\), ) Tj ET Q q 0 0 0 rg BT 307.57 385.10 Td (which ) Tj ET Q q 0 0 0 rg BT 334.67 385.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 385.63 385.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 429.95 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.38 385.10 Td (July ) Tj ET Q q 0 0 0 rg BT 459.71 385.10 Td (201) Tj ET Q q 0 0 0 rg BT 474.33 385.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 484.49 385.10 Td (has ) Tj ET Q q 0 0 0 rg BT 500.48 385.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 525.90 385.10 Td (authority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (over ) Tj ET Q q 0 0 0 rg BT 70.14 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.74 373.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 129.33 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.49 373.10 Td (which ) Tj ET Q q 0 0 0 rg BT 166.30 373.10 Td (we ) Tj ET Q q 0 0 0 rg BT 180.34 373.10 Td (engage. ) Tj ET Q q 0 0 0 rg BT 213.36 373.10 Td (This ) Tj ET Q q 0 0 0 rg BT 233.51 373.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 269.21 373.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 307.69 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.84 373.10 Td (write ) Tj ET Q q 0 0 0 rg BT 340.77 373.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 387.57 373.10 Td (under ) Tj ET Q q 0 0 0 rg BT 412.72 373.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 442.85 373.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 484.10 373.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 521.46 373.10 Td (protection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 72.97 361.10 Td (such ) Tj ET Q q 0 0 0 rg BT 93.45 361.10 Td (as ) Tj ET Q q 0 0 0 rg BT 103.92 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.12 361.10 Td (T) Tj ET Q q 0 0 0 rg BT 123.88 361.10 Td (ruth ) Tj ET Q q 0 0 0 rg BT 142.13 361.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.05 361.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 187.05 361.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 203.63 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.21 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.57 361.10 Td (Equal ) Tj ET Q q 0 0 0 rg BT 260.03 361.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 287.17 361.10 Td (Opportunity ) Tj ET Q q 0 0 0 rg BT 337.73 361.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 356.81 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.39 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.31 361.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 415.43 361.10 Td (those ) Tj ET Q q 0 0 0 rg BT 438.68 361.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 459.15 361.10 Td (against ) Tj ET Q q 0 0 0 rg BT 489.62 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.20 361.10 Td (examine ) Tj ET Q q 0 0 0 rg BT 542.22 361.10 Td (lar) Tj ET Q q 0 0 0 rg BT 552.58 361.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.57 349.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 134.61 349.10 Td (for ) Tj ET Q q 0 0 0 rg BT 148.86 349.10 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 199.85 349.10 Td (The ) Tj ET Q q 0 0 0 rg BT 217.99 349.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 245.04 349.10 Td (is ) Tj ET Q q 0 0 0 rg BT 254.30 349.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 299.09 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.46 349.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 342.03 349.10 Td ("unfair) Tj ET Q q 0 0 0 rg BT 369.59 349.10 Td (, ) Tj ET Q q 0 0 0 rg BT 374.68 349.10 Td (deceptive ) Tj ET Q q 0 0 0 rg BT 415.58 349.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.50 349.10 Td (abusive ) Tj ET Q q 0 0 0 rg BT 459.64 349.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 477.77 349.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.69 349.10 Td (practices" ) Tj ET Q q 0 0 0 rg BT 530.90 349.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (its ) Tj ET Q q 0 0 0 rg BT 61.28 337.10 Td (regulatory) Tj ET Q q 0 0 0 rg BT 101.73 337.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.06 337.10 Td (supervisory ) Tj ET Q q 0 0 0 rg BT 154.56 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.83 337.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 222.64 337.10 Td (authority) Tj ET Q q 0 0 0 rg BT 258.09 337.10 Td (. ) Tj ET Q q 0 0 0 rg BT 262.29 337.10 Td (T) Tj ET Q q 0 0 0 rg BT 267.70 337.10 Td (o ) Tj ET Q q 0 0 0 rg BT 274.54 337.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 298.04 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.66 337.10 Td (its ) Tj ET Q q 0 0 0 rg BT 318.94 337.10 Td (enforcement, ) Tj ET Q q 0 0 0 rg BT 373.25 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.30 337.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 413.59 337.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 454.31 337.10 Td (an ) Tj ET Q q 0 0 0 rg BT 465.58 337.10 Td (online ) Tj ET Q q 0 0 0 rg BT 492.42 337.10 Td (complaint ) Tj ET Q q 0 0 0 rg BT 534.24 337.10 Td (system ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.63 325.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 98.38 325.10 Td (consumers ) Tj ET Q q 0 0 0 rg BT 144.79 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.20 325.10 Td (log ) Tj ET Q q 0 0 0 rg BT 172.62 325.10 Td (complaints ) Tj ET Q q 0 0 0 rg BT 220.14 325.10 Td (with ) Tj ET Q q 0 0 0 rg BT 241.55 325.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 273.51 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.92 325.10 Td (various ) Tj ET Q q 0 0 0 rg BT 318.00 325.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 360.51 325.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 393.57 325.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 434.15 325.10 Td (including ) Tj ET Q q 0 0 0 rg BT 475.56 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.42 325.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 512.27 325.10 Td (products ) Tj ET Q q 0 0 0 rg BT 550.35 325.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (facilitate. ) Tj ET Q q 0 0 0 rg BT 89.79 313.10 Td (This ) Tj ET Q q 0 0 0 rg BT 110.07 313.10 Td (system ) Tj ET Q q 0 0 0 rg BT 140.35 313.10 Td (could ) Tj ET Q q 0 0 0 rg BT 165.07 313.10 Td (inform ) Tj ET Q q 0 0 0 rg BT 194.79 313.10 Td (future ) Tj ET Q q 0 0 0 rg BT 221.16 313.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 248.13 313.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 287.84 313.10 Td (with ) Tj ET Q q 0 0 0 rg BT 308.12 313.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 338.94 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.21 313.10 Td (its ) Tj ET Q q 0 0 0 rg BT 361.16 313.10 Td (regulatory) Tj ET Q q 0 0 0 rg BT 401.61 313.10 Td (, ) Tj ET Q q 0 0 0 rg BT 406.61 313.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 459.08 313.10 Td (or ) Tj ET Q q 0 0 0 rg BT 469.91 313.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 521.84 313.10 Td (focus.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 283.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 283.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.53 283.10 Td (are ) Tj ET Q q 0 0 0 rg BT 116.19 283.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 146.97 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.21 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.88 283.10 Td (CFPB's ) Tj ET Q q 0 0 0 rg BT 204.49 283.10 Td (jurisdiction, ) Tj ET Q q 0 0 0 rg BT 255.00 283.10 Td (including ) Tj ET Q q 0 0 0 rg BT 295.23 283.10 Td (its ) Tj ET Q q 0 0 0 rg BT 307.13 283.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 359.55 283.10 Td (authority) Tj ET Q q 0 0 0 rg BT 395.01 283.10 Td (. ) Tj ET Q q 0 0 0 rg BT 399.79 283.10 Td (The ) Tj ET Q q 0 0 0 rg BT 417.79 283.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 444.71 283.10 Td (may ) Tj ET Q q 0 0 0 rg BT 464.38 283.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 502.92 283.10 Td (request ) Tj ET Q q 0 0 0 rg BT 534.25 283.10 Td (reports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 97.06 271.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.02 271.10 Td (or) Tj ET Q q 0 0 0 rg BT 121.17 271.10 Td (ganization, ) Tj ET Q q 0 0 0 rg BT 167.96 271.10 Td (business ) Tj ET Q q 0 0 0 rg BT 204.48 271.10 Td (conduct, ) Tj ET Q q 0 0 0 rg BT 241.27 271.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 275.56 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.63 271.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 333.87 271.10 Td (In ) Tj ET Q q 0 0 0 rg BT 344.83 271.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 382.74 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.59 271.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 424.69 271.10 Td (may ) Tj ET Q q 0 0 0 rg BT 444.54 271.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 478.83 271.10 Td (on-site ) Tj ET Q q 0 0 0 rg BT 508.68 271.10 Td (examinations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.39 259.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.79 259.10 Td (business ) Tj ET Q q 0 0 0 rg BT 111.75 259.10 Td (on ) Tj ET Q q 0 0 0 rg BT 123.81 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.31 259.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 165.14 259.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 187.21 259.10 Td (if ) Tj ET Q q 0 0 0 rg BT 195.38 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.66 259.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 236.19 259.10 Td (were ) Tj ET Q q 0 0 0 rg BT 257.68 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.52 259.10 Td (determine, ) Tj ET Q q 0 0 0 rg BT 312.07 259.10 Td (based ) Tj ET Q q 0 0 0 rg BT 336.90 259.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 351.46 259.10 Td (for ) Tj ET Q q 0 0 0 rg BT 365.19 259.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 403.63 259.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 444.57 259.10 Td (complaints, ) Tj ET Q q 0 0 0 rg BT 493.01 259.10 Td (judicial ) Tj ET Q q 0 0 0 rg BT 525.07 259.10 Td (opinions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.71 247.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 120.29 247.10 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 162.38 247.10 Td (that ) Tj ET Q q 0 0 0 rg BT 179.76 247.10 Td (we ) Tj ET Q q 0 0 0 rg BT 193.79 247.10 Td (are ) Tj ET Q q 0 0 0 rg BT 208.38 247.10 Td (engaging ) Tj ET Q q 0 0 0 rg BT 247.41 247.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.57 247.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 296.04 247.10 Td (that ) Tj ET Q q 0 0 0 rg BT 313.41 247.10 Td (pose ) Tj ET Q q 0 0 0 rg BT 334.12 247.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 355.39 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.54 247.10 Td (consumers. ) Tj ET Q q 0 0 0 rg BT 413.19 247.10 Td (In ) Tj ET Q q 0 0 0 rg BT 423.90 247.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 461.55 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.14 247.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 502.98 247.10 Td (has ) Tj ET Q q 0 0 0 rg BT 518.69 247.10 Td (announced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.13 235.10 Td (it ) Tj ET Q q 0 0 0 rg BT 76.81 235.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 101.05 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.96 235.10 Td (make ) Tj ET Q q 0 0 0 rg BT 136.74 235.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.31 235.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 162.99 235.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.78 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.13 235.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 219.02 235.10 Td (supervision ) Tj ET Q q 0 0 0 rg BT 268.26 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.72 235.10 Td (nonbank ) Tj ET Q q 0 0 0 rg BT 317.29 235.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 364.85 235.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 399.36 235.10 Td (which ) Tj ET Q q 0 0 0 rg BT 426.93 235.10 Td (may ) Tj ET Q q 0 0 0 rg BT 447.28 235.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 476.51 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.86 235.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 519.45 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.36 235.10 Td (conduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 85.26 223.10 Td (examinations ) Tj ET Q q 0 0 0 rg BT 141.08 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.91 223.10 Td (our ) Tj ET Q q 0 0 0 rg BT 167.74 223.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 193.10 Td (There ) Tj ET Q q 0 0 0 rg BT 112.04 193.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 153.09 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.59 193.10 Td (be ) Tj ET Q q 0 0 0 rg BT 175.75 193.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 223.46 193.10 Td (as ) Tj ET Q q 0 0 0 rg BT 234.51 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.01 193.10 Td (how ) Tj ET Q q 0 0 0 rg BT 264.96 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.90 193.10 Td (CFPB's ) Tj ET Q q 0 0 0 rg BT 312.78 193.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 353.26 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.43 193.10 Td (priorities, ) Tj ET Q q 0 0 0 rg BT 411.75 193.10 Td (including ) Tj ET Q q 0 0 0 rg BT 452.25 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.75 193.10 Td (both ) Tj ET Q q 0 0 0 rg BT 483.25 193.10 Td (its ) Tj ET Q q 0 0 0 rg BT 495.43 193.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 547.58 193.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 102.21 181.10 Td (processes, ) Tj ET Q q 0 0 0 rg BT 145.28 181.10 Td (will ) Tj ET Q q 0 0 0 rg BT 163.08 181.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 192.53 181.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.11 181.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 252.57 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.26 181.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.83 181.10 Td (results ) Tj ET Q q 0 0 0 rg BT 313.18 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.75 181.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 367.65 181.10 Td (going ) Tj ET Q q 0 0 0 rg BT 392.68 181.10 Td (forward. ) Tj ET Q q 0 0 0 rg BT 428.57 181.10 Td (Actions ) Tj ET Q q 0 0 0 rg BT 461.93 181.10 Td (by ) Tj ET Q q 0 0 0 rg BT 474.17 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.63 181.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 515.34 181.10 Td (could ) Tj ET Q q 0 0 0 rg BT 539.80 181.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.65 169.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 113.73 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.38 169.10 Td (alter ) Tj ET Q q 0 0 0 rg BT 143.02 169.10 Td (or ) Tj ET Q q 0 0 0 rg BT 153.23 169.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 176.75 169.10 Td (of) Tj ET Q q 0 0 0 rg BT 184.90 169.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 210.65 169.10 Td (af) Tj ET Q q 0 0 0 rg BT 218.24 169.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 244.54 169.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 263.63 169.10 Td (products ) Tj ET Q q 0 0 0 rg BT 299.94 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.25 169.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 352.84 169.10 Td (making ) Tj ET Q q 0 0 0 rg BT 384.71 169.10 Td (them ) Tj ET Q q 0 0 0 rg BT 406.58 169.10 Td (less ) Tj ET Q q 0 0 0 rg BT 423.45 169.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 462.52 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.84 169.10 Td (restricting ) Tj ET Q q 0 0 0 rg BT 521.25 169.10 Td (our ) Tj ET Q q 0 0 0 rg BT 536.46 169.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 157.10 Td (of) Tj ET Q q 0 0 0 rg BT 68.43 157.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 82.03 157.10 Td (them.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 127.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 125.95 127.10 Td (we ) Tj ET Q q 0 0 0 rg BT 139.78 127.10 Td (have ) Tj ET Q q 0 0 0 rg BT 160.83 127.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 205.77 127.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 245.69 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.64 127.10 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 298.91 127.10 Td (our ) Tj ET Q q 0 0 0 rg BT 314.41 127.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 362.67 127.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 405.11 127.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 435.60 127.10 Td (by ) Tj ET Q q 0 0 0 rg BT 447.77 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.16 127.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 488.79 127.10 Td (or ) Tj ET Q q 0 0 0 rg BT 499.29 127.10 Td (other ) Tj ET Q q 0 0 0 rg BT 522.01 127.10 Td (regulators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (against ) Tj ET Q q 0 0 0 rg BT 81.47 115.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 96.01 115.10 Td (our ) Tj ET Q q 0 0 0 rg BT 112.49 115.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 143.98 115.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 166.57 115.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.05 115.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.52 115.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 244.88 115.10 Td (that ) Tj ET Q q 0 0 0 rg BT 263.03 115.10 Td (discourage ) Tj ET Q q 0 0 0 rg BT 309.49 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.86 115.10 Td (use ) Tj ET Q q 0 0 0 rg BT 341.34 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.81 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.18 115.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 420.19 115.10 Td (model ) Tj ET Q q 0 0 0 rg BT 448.33 115.10 Td (or ) Tj ET Q q 0 0 0 rg BT 459.81 115.10 Td (suggest ) Tj ET Q q 0 0 0 rg BT 492.96 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.88 115.10 Td (consumers ) Tj ET Q q 0 0 0 rg BT 549.80 115.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (desirability ) Tj ET Q q 0 0 0 rg BT 96.67 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.67 103.10 Td (other ) Tj ET Q q 0 0 0 rg BT 128.90 103.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 147.79 103.10 Td (products ) Tj ET Q q 0 0 0 rg BT 183.91 103.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.92 103.10 Td (services ) Tj ET Q q 0 0 0 rg BT 227.80 103.10 Td (could ) Tj ET Q q 0 0 0 rg BT 251.69 103.10 Td (result ) Tj ET Q q 0 0 0 rg BT 275.59 103.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.04 103.10 Td (reputational ) Tj ET Q q 0 0 0 rg BT 334.48 103.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 356.70 103.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.82 103.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.94 103.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 396.17 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.18 103.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 448.40 103.10 Td (or ) Tj ET Q q 0 0 0 rg BT 458.41 103.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 498.69 103.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 515.92 103.10 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.40 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.23 91.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 127.74 91.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 166.24 91.10 Td (could ) Tj ET Q q 0 0 0 rg BT 190.85 91.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 226.00 91.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 268.94 91.10 Td (if ) Tj ET Q q 0 0 0 rg BT 277.44 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.06 91.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 318.92 91.10 Td (or ) Tj ET Q q 0 0 0 rg BT 329.64 91.10 Td (other ) Tj ET Q q 0 0 0 rg BT 352.59 91.10 Td (regulators ) Tj ET Q q 0 0 0 rg BT 394.97 91.10 Td (enact ) Tj ET Q q 0 0 0 rg BT 418.46 91.10 Td (new ) Tj ET Q q 0 0 0 rg BT 437.52 91.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 486.85 91.10 Td (change ) Tj ET Q q 0 0 0 rg BT 517.56 91.10 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (that ) Tj ET Q q 0 0 0 rg BT 69.48 79.10 Td (were ) Tj ET Q q 0 0 0 rg BT 93.39 79.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 140.10 79.10 Td (adopted, ) Tj ET Q q 0 0 0 rg BT 178.74 79.10 Td (modify) Tj ET Q q 0 0 0 rg BT 206.97 79.10 Td (, ) Tj ET Q q 0 0 0 rg BT 213.96 79.10 Td (through ) Tj ET Q q 0 0 0 rg BT 249.55 79.10 Td (supervision ) Tj ET Q q 0 0 0 rg BT 300.14 79.10 Td (or ) Tj ET Q q 0 0 0 rg BT 312.96 79.10 Td (enforcement, ) Tj ET Q q 0 0 0 rg BT 369.91 79.10 Td (past ) Tj ET Q q 0 0 0 rg BT 390.51 79.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 436.09 79.10 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 479.17 79.10 Td (or ) Tj ET Q q 0 0 0 rg BT 491.98 79.10 Td (interpret ) Tj ET Q q 0 0 0 rg BT 530.34 79.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 96.93 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.21 67.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.15 67.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 146.64 67.10 Td (dif) Tj ET Q q 0 0 0 rg BT 157.56 67.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 183.38 67.10 Td (or ) Tj ET Q q 0 0 0 rg BT 194.21 67.10 Td (stricter ) Tj ET Q q 0 0 0 rg BT 224.47 67.10 Td (than ) Tj ET Q q 0 0 0 rg BT 244.19 67.10 Td (have ) Tj ET Q q 0 0 0 rg BT 265.57 67.10 Td (been ) Tj ET Q q 0 0 0 rg BT 286.94 67.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 331.66 67.10 Td (interpreted.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (37) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Noncompliance ) Tj ET Q q 0 0 0 rg BT 117.50 742.25 Td (with ) Tj ET Q q 0 0 0 rg BT 137.78 742.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 158.62 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 176.68 742.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 225.86 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 245.58 742.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 275.31 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.26 742.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 320.31 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 330.59 742.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 369.19 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.47 742.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 433.10 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.93 742.25 Td (or ) Tj ET Q q 0 0 0 rg BT 455.32 742.25 Td (service ) Tj ET Q q 0 0 0 rg BT 486.13 742.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 528.09 742.25 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (Generally) Tj ET Q q 0 0 0 rg BT 124.77 712.25 Td (, ) Tj ET Q q 0 0 0 rg BT 130.05 712.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 158.92 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.47 712.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 202.24 712.25 Td (with ) Tj ET Q q 0 0 0 rg BT 222.79 712.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 266.66 712.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 287.76 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.98 712.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 348.85 712.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 403.82 712.25 Td (may) Tj ET Q q 0 0 0 rg BT 420.39 712.25 Td (, ) Tj ET Q q 0 0 0 rg BT 425.66 712.25 Td (among ) Tj ET Q q 0 0 0 rg BT 455.66 712.25 Td (other ) Tj ET Q q 0 0 0 rg BT 478.98 712.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 508.70 712.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 530.37 712.25 Td (our ) Tj ET Q q 0 0 0 rg BT 546.47 712.25 Td (or ) Tj ET Q q 0 0 0 rg BT 557.58 712.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (third ) Tj ET Q q 0 0 0 rg BT 71.33 700.25 Td (party ) Tj ET Q q 0 0 0 rg BT 94.31 700.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 136.18 700.25 Td (agency's ) Tj ET Q q 0 0 0 rg BT 172.63 700.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 200.63 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 210.84 700.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 239.93 700.25 Td (all ) Tj ET Q q 0 0 0 rg BT 252.37 700.25 Td (or ) Tj ET Q q 0 0 0 rg BT 263.14 700.25 Td (part ) Tj ET Q q 0 0 0 rg BT 281.13 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.90 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.56 700.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 344.54 700.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 376.97 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.74 700.25 Td (or ) Tj ET Q q 0 0 0 rg BT 398.51 700.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 430.39 700.25 Td (on ) Tj ET Q q 0 0 0 rg BT 442.83 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.49 700.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 498.25 700.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 525.13 700.25 Td (on ) Tj ET Q q 0 0 0 rg BT 537.57 700.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.80 688.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 90.71 688.25 Td (are ) Tj ET Q q 0 0 0 rg BT 105.49 688.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 149.17 688.25 Td (for ) Tj ET Q q 0 0 0 rg BT 163.41 688.25 Td (payment. ) Tj ET Q q 0 0 0 rg BT 202.92 688.25 Td (In ) Tj ET Q q 0 0 0 rg BT 213.83 688.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 251.68 688.25 Td (non-compliance ) Tj ET Q q 0 0 0 rg BT 318.68 688.25 Td (could ) Tj ET Q q 0 0 0 rg BT 343.48 688.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 374.38 688.25 Td (us ) Tj ET Q q 0 0 0 rg BT 385.85 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.21 688.25 Td (damages, ) Tj ET Q q 0 0 0 rg BT 436.28 688.25 Td (revocation ) Tj ET Q q 0 0 0 rg BT 481.06 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.97 688.25 Td (required ) Tj ET Q q 0 0 0 rg BT 527.86 688.25 Td (licenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (class ) Tj ET Q q 0 0 0 rg BT 72.47 676.25 Td (action ) Tj ET Q q 0 0 0 rg BT 99.93 676.25 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 138.24 676.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 198.47 676.25 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 251.47 676.25 Td (actions, ) Tj ET Q q 0 0 0 rg BT 285.33 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.79 676.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 323.60 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.06 676.25 Td (criminal ) Tj ET Q q 0 0 0 rg BT 377.41 676.25 Td (liability) Tj ET Q q 0 0 0 rg BT 407.87 676.25 Td (, ) Tj ET Q q 0 0 0 rg BT 413.40 676.25 Td (which ) Tj ET Q q 0 0 0 rg BT 440.87 676.25 Td (may ) Tj ET Q q 0 0 0 rg BT 461.11 676.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 484.69 676.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 510.64 676.25 Td (business ) Tj ET Q q 0 0 0 rg BT 547.56 676.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.05 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 88.33 664.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 125.82 664.25 Td (our ) Tj ET Q q 0 0 0 rg BT 141.65 664.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 193.01 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.95 664.25 Td (may ) Tj ET Q q 0 0 0 rg BT 229.66 664.25 Td (result ) Tj ET Q q 0 0 0 rg BT 254.38 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 264.66 664.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 307.70 664.25 Td (rescinding ) Tj ET Q q 0 0 0 rg BT 351.86 664.25 Td (their ) Tj ET Q q 0 0 0 rg BT 372.68 664.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 413.50 664.25 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.25 Td (Where ) Tj ET Q q 0 0 0 rg BT 115.90 634.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 162.74 634.25 Td (we ) Tj ET Q q 0 0 0 rg BT 177.65 634.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 198.67 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.70 634.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 242.95 634.25 Td (with ) Tj ET Q q 0 0 0 rg BT 263.98 634.25 Td (state ) Tj ET Q q 0 0 0 rg BT 285.56 634.25 Td (lending, ) Tj ET Q q 0 0 0 rg BT 321.30 634.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 361.21 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.90 634.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 409.93 634.25 Td (statutes. ) Tj ET Q q 0 0 0 rg BT 445.67 634.25 Td (In ) Tj ET Q q 0 0 0 rg BT 457.25 634.25 Td (all ) Tj ET Q q 0 0 0 rg BT 470.50 634.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 491.54 634.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 544.23 634.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 88.83 622.25 Td (or ) Tj ET Q q 0 0 0 rg BT 99.90 622.25 Td (other ) Tj ET Q q 0 0 0 rg BT 123.17 622.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 178.11 622.25 Td (that ) Tj ET Q q 0 0 0 rg BT 195.83 622.25 Td (we ) Tj ET Q q 0 0 0 rg BT 210.22 622.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 241.83 622.25 Td (may ) Tj ET Q q 0 0 0 rg BT 261.77 622.25 Td (be ) Tj ET Q q 0 0 0 rg BT 273.94 622.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 317.76 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.27 622.25 Td (our ) Tj ET Q q 0 0 0 rg BT 344.33 622.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 398.42 622.25 Td (we ) Tj ET Q q 0 0 0 rg BT 412.81 622.25 Td (have ) Tj ET Q q 0 0 0 rg BT 434.42 622.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 471.59 622.25 Td (any ) Tj ET Q q 0 0 0 rg BT 488.76 622.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 530.35 622.25 Td (licenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.06 610.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 93.79 610.25 Td (with ) Tj ET Q q 0 0 0 rg BT 114.30 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.25 610.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 164.19 610.25 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 221.63 610.25 Td (Nevertheless, ) Tj ET Q q 0 0 0 rg BT 278.50 610.25 Td (if ) Tj ET Q q 0 0 0 rg BT 287.35 610.25 Td (we ) Tj ET Q q 0 0 0 rg BT 301.74 610.25 Td (are ) Tj ET Q q 0 0 0 rg BT 316.68 610.25 Td (found ) Tj ET Q q 0 0 0 rg BT 342.74 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 353.25 610.25 Td (not ) Tj ET Q q 0 0 0 rg BT 368.77 610.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 401.50 610.25 Td (with ) Tj ET Q q 0 0 0 rg BT 422.01 610.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 465.83 610.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 489.39 610.25 Td (we ) Tj ET Q q 0 0 0 rg BT 503.79 610.25 Td (could ) Tj ET Q q 0 0 0 rg BT 528.74 610.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 547.58 610.25 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.76 598.25 Td (more ) Tj ET Q q 0 0 0 rg BT 85.74 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.49 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 114.25 598.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 149.34 598.25 Td (or ) Tj ET Q q 0 0 0 rg BT 161.10 598.25 Td (face ) Tj ET Q q 0 0 0 rg BT 181.17 598.25 Td (other ) Tj ET Q q 0 0 0 rg BT 205.15 598.25 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 248.29 598.25 Td (which ) Tj ET Q q 0 0 0 rg BT 276.16 598.25 Td (may ) Tj ET Q q 0 0 0 rg BT 296.81 598.25 Td (have ) Tj ET Q q 0 0 0 rg BT 319.11 598.25 Td (an ) Tj ET Q q 0 0 0 rg BT 331.98 598.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 365.95 598.25 Td (ef) Tj ET Q q 0 0 0 rg BT 373.54 598.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 391.95 598.25 Td (on ) Tj ET Q q 0 0 0 rg BT 405.38 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 422.14 598.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 451.12 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.33 598.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 500.19 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.40 598.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 549.80 598.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 95.25 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.95 586.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 144.64 586.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 170.45 586.25 Td (through ) Tj ET Q q 0 0 0 rg BT 202.93 586.25 Td (our ) Tj ET Q q 0 0 0 rg BT 217.63 586.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 270.35 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.16 586.25 Td (on ) Tj ET Q q 0 0 0 rg BT 297.53 586.25 Td (our ) Tj ET Q q 0 0 0 rg BT 312.23 586.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 339.15 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 348.30 586.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 381.88 586.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 419.90 586.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 465.72 586.25 Td (or ) Tj ET Q q 0 0 0 rg BT 475.42 586.25 Td (make ) Tj ET Q q 0 0 0 rg BT 498.44 586.25 Td (our ) Tj ET Q q 0 0 0 rg BT 513.14 586.25 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (available ) Tj ET Q q 0 0 0 rg BT 88.90 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.50 574.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 142.85 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.44 574.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 194.57 574.25 Td (states, ) Tj ET Q q 0 0 0 rg BT 222.10 574.25 Td (which ) Tj ET Q q 0 0 0 rg BT 249.35 574.25 Td (may ) Tj ET Q q 0 0 0 rg BT 269.38 574.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 298.30 574.25 Td (investors' ) Tj ET Q q 0 0 0 rg BT 339.02 574.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 367.39 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.98 574.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 409.66 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.69 574.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 465.83 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.97 574.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 515.33 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.58 574.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 562.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 103.05 562.25 Td (that ) Tj ET Q q 0 0 0 rg BT 120.54 562.25 Td (they ) Tj ET Q q 0 0 0 rg BT 140.26 562.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 168.85 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.13 562.25 Td (receive.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 547.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.65 532.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.52 532.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 129.49 532.25 Td (was ) Tj ET Q q 0 0 0 rg BT 147.48 532.25 Td (found ) Tj ET Q q 0 0 0 rg BT 174.35 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.56 532.25 Td (violate ) Tj ET Q q 0 0 0 rg BT 214.19 532.25 Td (a ) Tj ET Q q 0 0 0 rg BT 221.62 532.25 Td (state's ) Tj ET Q q 0 0 0 rg BT 249.60 532.25 Td (usury ) Tj ET Q q 0 0 0 rg BT 275.37 532.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 298.63 532.25 Td (we ) Tj ET Q q 0 0 0 rg BT 312.16 532.25 Td (may ) Tj ET Q q 0 0 0 rg BT 331.80 532.25 Td (have ) Tj ET Q q 0 0 0 rg BT 353.67 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 363.87 532.25 Td (alter ) Tj ET Q q 0 0 0 rg BT 385.18 532.25 Td (our ) Tj ET Q q 0 0 0 rg BT 402.06 532.25 Td (business ) Tj ET Q q 0 0 0 rg BT 439.50 532.25 Td (model ) Tj ET Q q 0 0 0 rg BT 466.92 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.90 532.25 Td (our ) Tj ET Q q 0 0 0 rg BT 501.78 532.25 Td (business ) Tj ET Q q 0 0 0 rg BT 539.22 532.25 Td (could ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 520.25 Td (harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.25 Td (If ) Tj ET Q q 0 0 0 rg BT 95.26 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 111.19 490.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 162.65 490.25 Td (was ) Tj ET Q q 0 0 0 rg BT 180.80 490.25 Td (found ) Tj ET Q q 0 0 0 rg BT 206.73 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 217.11 490.25 Td (violate ) Tj ET Q q 0 0 0 rg BT 246.92 490.25 Td (a ) Tj ET Q q 0 0 0 rg BT 253.96 490.25 Td (state's ) Tj ET Q q 0 0 0 rg BT 280.58 490.25 Td (usury ) Tj ET Q q 0 0 0 rg BT 305.40 490.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 328.83 490.25 Td (we ) Tj ET Q q 0 0 0 rg BT 343.09 490.25 Td (may ) Tj ET Q q 0 0 0 rg BT 362.91 490.25 Td (have ) Tj ET Q q 0 0 0 rg BT 384.38 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.76 490.25 Td (alter ) Tj ET Q q 0 0 0 rg BT 415.13 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 431.06 490.25 Td (business ) Tj ET Q q 0 0 0 rg BT 467.55 490.25 Td (model ) Tj ET Q q 0 0 0 rg BT 495.14 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.18 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.11 490.25 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (could ) Tj ET Q q 0 0 0 rg BT 75.13 478.25 Td (be ) Tj ET Q q 0 0 0 rg BT 87.48 478.25 Td (harmed. ) Tj ET Q q 0 0 0 rg BT 122.67 478.25 Td (The ) Tj ET Q q 0 0 0 rg BT 141.13 478.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 173.47 478.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 195.26 478.25 Td (that ) Tj ET Q q 0 0 0 rg BT 213.17 478.25 Td (are ) Tj ET Q q 0 0 0 rg BT 228.29 478.25 Td (char) Tj ET Q q 0 0 0 rg BT 245.32 478.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 262.67 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.36 478.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 316.81 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.16 478.25 Td (that ) Tj ET Q q 0 0 0 rg BT 352.07 478.25 Td (form ) Tj ET Q q 0 0 0 rg BT 374.42 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.55 478.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 412.47 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.71 478.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 464.95 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.64 478.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 514.66 478.25 Td (through ) Tj ET Q q 0 0 0 rg BT 548.68 478.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 101.18 466.25 Td (are ) Tj ET Q q 0 0 0 rg BT 115.71 466.25 Td (based ) Tj ET Q q 0 0 0 rg BT 140.80 466.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 163.12 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.66 466.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 205.53 466.25 Td (under ) Tj ET Q q 0 0 0 rg BT 230.62 466.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 260.70 466.25 Td (law ) Tj ET Q q 0 0 0 rg BT 277.46 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 288.11 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.65 466.25 Td (issuing ) Tj ET Q q 0 0 0 rg BT 333.31 466.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 355.07 466.25 Td (that ) Tj ET Q q 0 0 0 rg BT 372.39 466.25 Td (originates ) Tj ET Q q 0 0 0 rg BT 414.14 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.68 466.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 448.22 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.32 466.25 Td (export ) Tj ET Q q 0 0 0 rg BT 486.19 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.73 466.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 532.48 466.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 553.68 466.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.14 454.25 Td (state ) Tj ET Q q 0 0 0 rg BT 86.39 454.25 Td (where ) Tj ET Q q 0 0 0 rg BT 113.74 454.25 Td (it ) Tj ET Q q 0 0 0 rg BT 122.22 454.25 Td (is ) Tj ET Q q 0 0 0 rg BT 131.81 454.25 Td (located ) Tj ET Q q 0 0 0 rg BT 163.60 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.96 454.25 Td (on ) Tj ET Q q 0 0 0 rg BT 193.89 454.25 Td (Prosper) Tj ET Q q 0 0 0 rg BT 224.81 454.25 Td () Tj ET Q q 0 0 0 rg BT 227.59 454.25 Td (s ) Tj ET Q q 0 0 0 rg BT 234.40 454.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 262.88 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.58 454.25 Td (assist ) Tj ET Q q 0 0 0 rg BT 298.17 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.31 454.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 335.67 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 346.37 454.25 Td (arranging ) Tj ET Q q 0 0 0 rg BT 387.61 454.25 Td (such ) Tj ET Q q 0 0 0 rg BT 408.86 454.25 Td (loans. ) Tj ET Q q 0 0 0 rg BT 435.39 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 438.10 454.25 Td (W) Tj ET Q q 0 0 0 rg BT 446.74 454.25 Td (ebBank, ) Tj ET Q q 0 0 0 rg BT 482.71 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.85 454.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 520.21 454.25 Td (that ) Tj ET Q q 0 0 0 rg BT 538.13 454.25 Td (issues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 72.97 442.25 Td (through ) Tj ET Q q 0 0 0 rg BT 105.94 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 121.13 442.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 174.34 442.25 Td (exports ) Tj ET Q q 0 0 0 rg BT 205.64 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.72 442.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 251.01 442.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 271.75 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.93 442.25 Td (Utah, ) Tj ET Q q 0 0 0 rg BT 305.73 442.25 Td (which ) Tj ET Q q 0 0 0 rg BT 332.03 442.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 360.00 442.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 388.51 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.15 442.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 437.21 442.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 460.72 442.25 Td (by ) Tj ET Q q 0 0 0 rg BT 472.58 442.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 506.64 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.28 442.25 Td (any ) Tj ET Q q 0 0 0 rg BT 532.57 442.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (rate. ) Tj ET Q q 0 0 0 rg BT 69.45 430.25 Td (The ) Tj ET Q q 0 0 0 rg BT 87.11 430.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 118.65 430.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 139.64 430.25 Td (of) Tj ET Q q 0 0 0 rg BT 147.79 430.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 170.44 430.25 Td (by ) Tj ET Q q 0 0 0 rg BT 182.40 430.25 Td (W) Tj ET Q q 0 0 0 rg BT 191.04 430.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 223.70 430.25 Td (through ) Tj ET Q q 0 0 0 rg BT 256.92 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 272.37 430.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 323.34 430.25 Td (for ) Tj ET Q q 0 0 0 rg BT 337.11 430.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 377.54 430.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 404.10 430.25 Td (as ) Tj ET Q q 0 0 0 rg BT 414.54 430.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.98 430.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 468.19 430.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.19 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 490.31 430.25 Td (range ) Tj ET Q q 0 0 0 rg BT 514.63 430.25 Td (from ) Tj ET Q q 0 0 0 rg BT 536.18 430.25 Td (5.32% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.34 418.25 Td (33.04%, ) Tj ET Q q 0 0 0 rg BT 96.24 418.25 Td (which ) Tj ET Q q 0 0 0 rg BT 123.24 418.25 Td (equate ) Tj ET Q q 0 0 0 rg BT 151.90 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.25 418.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 194.25 418.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 215.69 418.25 Td (for ) Tj ET Q q 0 0 0 rg BT 229.92 418.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 251.92 418.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 290.60 418.25 Td (that ) Tj ET Q q 0 0 0 rg BT 308.16 418.25 Td (range ) Tj ET Q q 0 0 0 rg BT 332.93 418.25 Td (from ) Tj ET Q q 0 0 0 rg BT 354.93 418.25 Td (4.32% ) Tj ET Q q 0 0 0 rg BT 383.33 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.67 418.25 Td (32.04%. ) Tj ET Q q 0 0 0 rg BT 429.57 418.25 Td (Some ) Tj ET Q q 0 0 0 rg BT 454.91 418.25 Td (states ) Tj ET Q q 0 0 0 rg BT 479.70 418.25 Td (where ) Tj ET Q q 0 0 0 rg BT 506.69 418.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 549.80 418.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (located, ) Tj ET Q q 0 0 0 rg BT 84.10 406.25 Td (including ) Tj ET Q q 0 0 0 rg BT 124.59 406.25 Td (Utah, ) Tj ET Q q 0 0 0 rg BT 149.25 406.25 Td (have ) Tj ET Q q 0 0 0 rg BT 170.86 406.25 Td (no ) Tj ET Q q 0 0 0 rg BT 183.58 406.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 221.30 406.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 253.46 406.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 271.16 406.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 316.67 406.25 Td (on ) Tj ET Q q 0 0 0 rg BT 329.39 406.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 365.99 406.25 Td (loans, ) Tj ET Q q 0 0 0 rg BT 392.32 406.25 Td (while ) Tj ET Q q 0 0 0 rg BT 417.26 406.25 Td (other ) Tj ET Q q 0 0 0 rg BT 440.53 406.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 492.70 406.25 Td (have ) Tj ET Q q 0 0 0 rg BT 514.30 406.25 Td (a ) Tj ET Q q 0 0 0 rg BT 521.46 406.25 Td (maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 67.63 394.25 Td (less ) Tj ET Q q 0 0 0 rg BT 85.28 394.25 Td (than ) Tj ET Q q 0 0 0 rg BT 105.15 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.01 394.25 Td (current ) Tj ET Q q 0 0 0 rg BT 150.97 394.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 194.17 394.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 211.81 394.25 Td (of) Tj ET Q q 0 0 0 rg BT 219.96 394.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 243.14 394.25 Td (by ) Tj ET Q q 0 0 0 rg BT 255.60 394.25 Td (W) Tj ET Q q 0 0 0 rg BT 264.24 394.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 297.43 394.25 Td (through ) Tj ET Q q 0 0 0 rg BT 331.19 394.25 Td (our ) Tj ET Q q 0 0 0 rg BT 347.17 394.25 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 401.17 394.25 Td (If ) Tj ET Q q 0 0 0 rg BT 410.48 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 417.56 394.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 456.86 394.25 Td (were ) Tj ET Q q 0 0 0 rg BT 478.94 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.37 394.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 540.89 394.25 Td (bring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 78.98 382.25 Td (against ) Tj ET Q q 0 0 0 rg BT 110.19 382.25 Td (us ) Tj ET Q q 0 0 0 rg BT 121.96 382.25 Td (for ) Tj ET Q q 0 0 0 rg BT 136.50 382.25 Td (state ) Tj ET Q q 0 0 0 rg BT 157.71 382.25 Td (usury ) Tj ET Q q 0 0 0 rg BT 182.81 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 194.02 382.25 Td (other ) Tj ET Q q 0 0 0 rg BT 217.45 382.25 Td (state ) Tj ET Q q 0 0 0 rg BT 238.66 382.25 Td (law ) Tj ET Q q 0 0 0 rg BT 255.98 382.25 Td (violations, ) Tj ET Q q 0 0 0 rg BT 300.80 382.25 Td (we ) Tj ET Q q 0 0 0 rg BT 315.34 382.25 Td (could ) Tj ET Q q 0 0 0 rg BT 340.44 382.25 Td (be ) Tj ET Q q 0 0 0 rg BT 352.76 382.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 383.96 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.62 382.25 Td (fines ) Tj ET Q q 0 0 0 rg BT 416.94 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.26 382.25 Td (penalties. ) Tj ET Q q 0 0 0 rg BT 475.19 382.25 Td (Further) Tj ET Q q 0 0 0 rg BT 504.22 382.25 Td (, ) Tj ET Q q 0 0 0 rg BT 509.60 382.25 Td (if ) Tj ET Q q 0 0 0 rg BT 518.59 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.69 382.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 86.90 370.25 Td (under ) Tj ET Q q 0 0 0 rg BT 111.58 370.25 Td (which ) Tj ET Q q 0 0 0 rg BT 137.79 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 146.43 370.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 178.89 370.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 206.35 370.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 229.37 370.25 Td (through ) Tj ET Q q 0 0 0 rg BT 262.39 370.25 Td (our ) Tj ET Q q 0 0 0 rg BT 277.64 370.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 328.41 370.25 Td (were ) Tj ET Q q 0 0 0 rg BT 349.75 370.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 400.54 370.25 Td (challenged, ) Tj ET Q q 0 0 0 rg BT 448.26 370.25 Td (we ) Tj ET Q q 0 0 0 rg BT 461.84 370.25 Td (may ) Tj ET Q q 0 0 0 rg BT 480.97 370.25 Td (have ) Tj ET Q q 0 0 0 rg BT 501.76 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.45 370.25 Td (substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (modify ) Tj ET Q q 0 0 0 rg BT 80.84 358.25 Td (our ) Tj ET Q q 0 0 0 rg BT 96.13 358.25 Td (business ) Tj ET Q q 0 0 0 rg BT 131.98 358.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 175.59 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.98 358.25 Td (may ) Tj ET Q q 0 0 0 rg BT 211.15 358.25 Td (be ) Tj ET Q q 0 0 0 rg BT 222.55 358.25 Td (required ) Tj ET Q q 0 0 0 rg BT 257.82 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.55 358.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 304.50 358.25 Td (state-specific ) Tj ET Q q 0 0 0 rg BT 359.20 358.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 392.81 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.21 358.25 Td (only ) Tj ET Q q 0 0 0 rg BT 428.94 358.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 461.44 358.25 Td (a ) Tj ET Q q 0 0 0 rg BT 467.84 358.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 498.12 358.25 Td (range ) Tj ET Q q 0 0 0 rg BT 522.29 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.57 358.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 70.41 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 83.61 346.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 123.46 346.25 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 151.93 346.25 Td (all ) Tj ET Q q 0 0 0 rg BT 163.46 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 173.33 346.25 Td (which ) Tj ET Q q 0 0 0 rg BT 199.30 346.25 Td (may ) Tj ET Q q 0 0 0 rg BT 218.05 346.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 270.14 346.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 298.32 346.25 Td (our ) Tj ET Q q 0 0 0 rg BT 313.19 346.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 352.48 346.25 Td (ef) Tj ET Q q 0 0 0 rg BT 360.07 346.25 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 393.81 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.78 346.25 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 465.73 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.05 346.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 512.69 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.66 346.25 Td (possibly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (result ) Tj ET Q q 0 0 0 rg BT 74.54 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 84.64 334.25 Td (a ) Tj ET Q q 0 0 0 rg BT 91.40 334.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 122.59 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 132.69 334.25 Td (our ) Tj ET Q q 0 0 0 rg BT 148.34 334.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 188.42 334.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 219.35 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 221.67 334.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 251.76 334.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 290.19 334.25 Td (has ) Tj ET Q q 0 0 0 rg BT 305.84 334.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 357.04 334.25 Td (challenged ) Tj ET Q q 0 0 0 rg BT 402.67 334.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 434.98 334.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 491.17 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 501.27 334.25 Td (which ) Tj ET Q q 0 0 0 rg BT 528.02 334.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 553.68 334.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 322.25 Td (exempt ) Tj ET Q q 0 0 0 rg BT 104.98 322.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 136.36 322.25 Td (make ) Tj ET Q q 0 0 0 rg BT 160.52 322.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 184.13 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.06 322.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 217.45 322.25 Td (those ) Tj ET Q q 0 0 0 rg BT 241.06 322.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 264.67 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.95 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 281.88 322.25 Td (third ) Tj ET Q q 0 0 0 rg BT 303.27 322.25 Td (party ) Tj ET Q q 0 0 0 rg BT 326.32 322.25 Td (char) Tj ET Q q 0 0 0 rg BT 343.34 322.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 360.28 322.25 Td (with ) Tj ET Q q 0 0 0 rg BT 380.56 322.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 419.72 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.43 322.25 Td (loans. ) Tj ET Q q 0 0 0 rg BT 460.54 322.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 292.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.91 292.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 134.76 292.25 Td (it ) Tj ET Q q 0 0 0 rg BT 142.89 292.25 Td (is ) Tj ET Q q 0 0 0 rg BT 152.14 292.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 187.50 292.25 Td (that ) Tj ET Q q 0 0 0 rg BT 205.07 292.25 Td (state ) Tj ET Q q 0 0 0 rg BT 225.98 292.25 Td (usury ) Tj ET Q q 0 0 0 rg BT 250.78 292.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 271.68 292.25 Td (may ) Tj ET Q q 0 0 0 rg BT 291.48 292.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 322.94 292.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 356.63 292.25 Td (that ) Tj ET Q q 0 0 0 rg BT 374.20 292.25 Td (could ) Tj ET Q q 0 0 0 rg BT 399.00 292.25 Td (af) Tj ET Q q 0 0 0 rg BT 406.59 292.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 424.15 292.25 Td (an ) Tj ET Q q 0 0 0 rg BT 436.17 292.25 Td (assignee's ) Tj ET Q q 0 0 0 rg BT 478.31 292.25 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 498.94 292.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 524.44 292.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 552.57 292.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 84.88 280.25 Td (who ) Tj ET Q q 0 0 0 rg BT 104.77 280.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 146.87 280.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 187.86 280.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 214.96 280.25 Td (from ) Tj ET Q q 0 0 0 rg BT 237.07 280.25 Td (PFL\) ) Tj ET Q q 0 0 0 rg BT 260.30 280.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 288.52 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 298.96 280.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 336.06 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 346.51 280.25 Td (char) Tj ET Q q 0 0 0 rg BT 363.54 280.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 375.64 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.09 280.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 429.30 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.18 280.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 476.28 280.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 497.83 280.25 Td (that ) Tj ET Q q 0 0 0 rg BT 515.49 280.25 Td (they ) Tj ET Q q 0 0 0 rg BT 535.37 280.25 Td (agreed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.49 268.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 77.65 268.25 Td (at ) Tj ET Q q 0 0 0 rg BT 87.58 268.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 134.18 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.23 268.25 Td (their ) Tj ET Q q 0 0 0 rg BT 166.27 268.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 207.31 268.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 236.96 268.25 Td (In ) Tj ET Q q 0 0 0 rg BT 248.01 268.25 Td (particular) Tj ET Q q 0 0 0 rg BT 285.92 268.25 Td (, ) Tj ET Q q 0 0 0 rg BT 291.13 268.25 Td (one ) Tj ET Q q 0 0 0 rg BT 308.29 268.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 335.43 268.25 Td (judicial ) Tj ET Q q 0 0 0 rg BT 368.13 268.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 404.18 268.25 Td (by ) Tj ET Q q 0 0 0 rg BT 416.89 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.83 268.25 Td (Court ) Tj ET Q q 0 0 0 rg BT 457.32 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.77 268.25 Td (Appeals ) Tj ET Q q 0 0 0 rg BT 503.25 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 517.63 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.56 268.25 Td (Second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (Circuit, ) Tj ET Q q 0 0 0 rg BT 83.08 256.25 Td (Madden ) Tj ET Q q 0 0 0 rg BT 118.66 256.25 Td (v) Tj ET Q q 0 0 0 rg BT 123.01 256.25 Td (. ) Tj ET Q q 0 0 0 rg BT 128.31 256.25 Td (Midland ) Tj ET Q q 0 0 0 rg BT 165.01 256.25 Td (Funding, ) Tj ET Q q 0 0 0 rg BT 203.65 256.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 225.35 256.25 Td (\(786 ) Tj ET Q q 0 0 0 rg BT 246.48 256.25 Td (F) Tj ET Q q 0 0 0 rg BT 251.24 256.25 Td (.3d ) Tj ET Q q 0 0 0 rg BT 266.55 256.25 Td (246 ) Tj ET Q q 0 0 0 rg BT 284.36 256.25 Td (\(2d ) Tj ET Q q 0 0 0 rg BT 300.49 256.25 Td (Cir) Tj ET Q q 0 0 0 rg BT 312.72 256.25 Td (. ) Tj ET Q q 0 0 0 rg BT 318.03 256.25 Td (2015\)\), ) Tj ET Q q 0 0 0 rg BT 349.99 256.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 393.89 256.25 Td (that ) Tj ET Q q 0 0 0 rg BT 411.70 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.72 256.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 446.74 256.25 Td (buyer ) Tj ET Q q 0 0 0 rg BT 472.32 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.45 256.25 Td (a ) Tj ET Q q 0 0 0 rg BT 490.70 256.25 Td (char) Tj ET Q q 0 0 0 rg BT 507.73 256.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 524.97 256.25 Td (of) Tj ET Q q 0 0 0 rg BT 533.12 256.25 Td (f ) Tj ET Q q 0 0 0 rg BT 539.26 256.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (card ) Tj ET Q q 0 0 0 rg BT 69.62 244.25 Td (account ) Tj ET Q q 0 0 0 rg BT 103.13 244.25 Td (could ) Tj ET Q q 0 0 0 rg BT 127.76 244.25 Td (not ) Tj ET Q q 0 0 0 rg BT 142.95 244.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 160.92 244.25 Td (on ) Tj ET Q q 0 0 0 rg BT 173.33 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.96 244.25 Td (National ) Tj ET Q q 0 0 0 rg BT 224.81 244.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 247.80 244.25 Td (Act's ) Tj ET Q q 0 0 0 rg BT 270.35 244.25 Td (preemption ) Tj ET Q q 0 0 0 rg BT 318.30 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.05 244.25 Td (state ) Tj ET Q q 0 0 0 rg BT 349.79 244.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 381.64 244.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 399.04 244.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 424.23 244.25 Td (for ) Tj ET Q q 0 0 0 rg BT 438.31 244.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 470.16 244.25 Td (at ) Tj ET Q q 0 0 0 rg BT 479.79 244.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 501.08 244.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 537.38 244.25 Td (by ) Tj ET Q q 0 0 0 rg BT 549.79 244.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.17 232.25 Td (buyer ) Tj ET Q q 0 0 0 rg BT 93.90 232.25 Td (after ) Tj ET Q q 0 0 0 rg BT 114.17 232.25 Td (char) Tj ET Q q 0 0 0 rg BT 131.19 232.25 Td (geof) Tj ET Q q 0 0 0 rg BT 148.78 232.25 Td (f. ) Tj ET Q q 0 0 0 rg BT 158.93 232.25 Td (The ) Tj ET Q q 0 0 0 rg BT 176.43 232.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 211.71 232.25 Td (has ) Tj ET Q q 0 0 0 rg BT 227.00 232.25 Td (created ) Tj ET Q q 0 0 0 rg BT 257.81 232.25 Td (some ) Tj ET Q q 0 0 0 rg BT 280.88 232.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 327.81 232.25 Td (as ) Tj ET Q q 0 0 0 rg BT 338.10 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 347.83 232.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 382.00 232.25 Td (non-bank ) Tj ET Q q 0 0 0 rg BT 421.72 232.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 452.56 232.25 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 498.39 232.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 521.45 232.25 Td (originated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (by ) Tj ET Q q 0 0 0 rg BT 61.68 220.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.81 220.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 88.93 220.25 Td (may ) Tj ET Q q 0 0 0 rg BT 107.83 220.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 125.06 220.25 Td (on ) Tj ET Q q 0 0 0 rg BT 136.75 220.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 166.19 220.25 Td (preemption ) Tj ET Q q 0 0 0 rg BT 213.41 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.43 220.25 Td (state ) Tj ET Q q 0 0 0 rg BT 243.44 220.25 Td (usury ) Tj ET Q q 0 0 0 rg BT 267.34 220.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 289.86 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.98 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.88 220.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 354.89 220.25 Td (may ) Tj ET Q q 0 0 0 rg BT 373.79 220.25 Td (create ) Tj ET Q q 0 0 0 rg BT 399.34 220.25 Td (an ) Tj ET Q q 0 0 0 rg BT 410.46 220.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 449.90 220.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 466.59 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.60 220.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 514.39 220.25 Td (by ) Tj ET Q q 0 0 0 rg BT 526.08 220.25 Td (plaintif) Tj ET Q q 0 0 0 rg BT 554.78 220.25 Td (fs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (challenging ) Tj ET Q q 0 0 0 rg BT 100.70 208.25 Td (our ) Tj ET Q q 0 0 0 rg BT 118.08 208.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 147.69 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.52 208.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 190.22 208.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 223.70 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 235.53 208.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 284.54 208.25 Td (with ) Tj ET Q q 0 0 0 rg BT 306.37 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.64 208.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 348.91 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.29 208.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 403.66 208.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 433.76 208.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 475.59 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.86 208.25 Td (Madden ) Tj ET Q q 0 0 0 rg BT 528.68 208.25 Td (decision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 97.51 196.25 Td (addressed ) Tj ET Q q 0 0 0 rg BT 138.36 196.25 Td (preemption ) Tj ET Q q 0 0 0 rg BT 185.33 196.25 Td (under ) Tj ET Q q 0 0 0 rg BT 209.52 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.16 196.25 Td (National ) Tj ET Q q 0 0 0 rg BT 259.02 196.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 281.24 196.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 299.60 196.25 Td (such ) Tj ET Q q 0 0 0 rg BT 319.35 196.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 354.10 196.25 Td (could ) Tj ET Q q 0 0 0 rg BT 377.74 196.25 Td (support ) Tj ET Q q 0 0 0 rg BT 409.16 196.25 Td (future ) Tj ET Q q 0 0 0 rg BT 434.46 196.25 Td (challenges ) Tj ET Q q 0 0 0 rg BT 478.09 196.25 Td (to ) Tj ET Q q 0 0 0 rg BT 487.29 196.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 516.47 196.25 Td (preemption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 184.25 Td (other ) Tj ET Q q 0 0 0 rg BT 87.21 184.25 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 136.66 184.25 Td (including ) Tj ET Q q 0 0 0 rg BT 176.93 184.25 Td (an ) Tj ET Q q 0 0 0 rg BT 188.87 184.25 Td (FDIC-insured, ) Tj ET Q q 0 0 0 rg BT 249.42 184.25 Td (state ) Tj ET Q q 0 0 0 rg BT 270.25 184.25 Td (chartered ) Tj ET Q q 0 0 0 rg BT 309.94 184.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 350.21 184.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 372.15 184.25 Td (like ) Tj ET Q q 0 0 0 rg BT 389.47 184.25 Td (W) Tj ET Q q 0 0 0 rg BT 398.11 184.25 Td (ebBank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 154.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 88.43 154.25 Td (On ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 103.07 154.25 Td (November ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 147.71 154.25 Td (10, ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 162.63 154.25 Td (2015, ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 187.56 154.25 Td (the ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 202.20 154.25 Td (defendant ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 244.05 154.25 Td (in ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 254.25 154.25 Td (the ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 268.90 154.25 Td (Madden ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 304.09 154.25 Td (case ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 323.72 154.25 Td (filed ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 344.47 154.25 Td (a ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 351.34 154.25 Td (petition ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 384.32 154.25 Td (for ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 398.40 154.25 Td (a ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 405.27 154.25 Td (writ ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 423.80 154.25 Td (of ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 434.56 154.25 Td (certiorari ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 473.62 154.25 Td (with ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 493.83 154.25 Td (the ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 508.47 154.25 Td (United ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 538.11 154.25 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 50.00 142.25 Td (Supreme ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 88.36 142.25 Td (Court ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 113.96 142.25 Td (for ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 128.43 142.25 Td (further ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 158.46 142.25 Td (review ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 188.48 142.25 Td (of ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 199.63 142.25 Td (the ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 214.66 142.25 Td (Second ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 246.92 142.25 Td (Circuit) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 277.47 142.25 Td (s ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 284.18 142.25 Td (decision. ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 322.82 142.25 Td (On ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 337.86 142.25 Td (June ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 359.00 142.25 Td (27, ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 374.32 142.25 Td (2016, ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 399.63 142.25 Td (the ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 414.67 142.25 Td (United ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 444.70 142.25 Td (States ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 471.40 142.25 Td (Supreme ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 509.77 142.25 Td (Court ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 535.36 142.25 Td (denied ) Tj ET Q BT /F1 10.00 Tf ET q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 50.00 130.25 Td (the ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 65.48 130.25 Td (petition ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 99.30 130.25 Td (and ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 117.00 130.25 Td (refused ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 149.69 130.25 Td (to ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 160.73 130.25 Td (review ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 191.21 130.25 Td (the ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 206.69 130.25 Td (case, ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 229.66 130.25 Td (leaving ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 262.36 130.25 Td (the ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 277.84 130.25 Td (decision ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 314.43 130.25 Td (of ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 326.02 130.25 Td (the ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 341.50 130.25 Td (Second ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 374.20 130.25 Td (Circuit ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 405.24 130.25 Td (intact ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 430.72 130.25 Td (and ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 448.42 130.25 Td (binding ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 482.24 130.25 Td (on ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 495.51 130.25 Td (federal ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 526.52 130.25 Td (courts ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 554.23 130.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 50.00 118.25 Td (Connecticut, ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 103.64 118.25 Td (New ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 124.91 118.25 Td (Y) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 131.13 118.25 Td (ork ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 147.28 118.25 Td (and ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 164.33 118.25 Td (V) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 170.44 118.25 Td (ermont. ) Tj ET Q q 0.11372549019607843 0.10588235294117647 0.06666666666666667 rg BT 204.08 118.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 206.28 118.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 246.87 118.25 Td (there ) Tj ET Q q 0 0 0 rg BT 269.67 118.25 Td (can ) Tj ET Q q 0 0 0 rg BT 286.36 118.25 Td (be ) Tj ET Q q 0 0 0 rg BT 298.62 118.25 Td (no ) Tj ET Q q 0 0 0 rg BT 311.43 118.25 Td (assurances ) Tj ET Q q 0 0 0 rg BT 357.00 118.25 Td (as ) Tj ET Q q 0 0 0 rg BT 368.15 118.25 Td (to ) Tj ET Q q 0 0 0 rg BT 378.74 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.77 118.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 431.02 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.17 118.25 Td (any ) Tj ET Q q 0 0 0 rg BT 459.42 118.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 497.23 118.25 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 538.65 118.25 Td (or ) Tj ET Q q 0 0 0 rg BT 549.79 118.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 85.68 106.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 115.79 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.02 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.14 106.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 181.15 106.25 Td (on ) Tj ET Q q 0 0 0 rg BT 194.05 106.25 Td (our ) Tj ET Q q 0 0 0 rg BT 210.28 106.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 264.54 106.25 Td (we ) Tj ET Q q 0 0 0 rg BT 279.10 106.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 310.87 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.99 106.25 Td (Madden ) Tj ET Q q 0 0 0 rg BT 361.66 106.25 Td (case ) Tj ET Q q 0 0 0 rg BT 381.76 106.25 Td (addressed ) Tj ET Q q 0 0 0 rg BT 424.09 106.25 Td (facts ) Tj ET Q q 0 0 0 rg BT 445.87 106.25 Td (that ) Tj ET Q q 0 0 0 rg BT 463.76 106.25 Td (are ) Tj ET Q q 0 0 0 rg BT 478.87 106.25 Td (not ) Tj ET Q q 0 0 0 rg BT 494.55 106.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 535.77 106.25 Td (by ) Tj ET Q q 0 0 0 rg BT 548.67 106.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 101.17 94.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 133.47 94.25 Td (platform ) Tj ET Q q 0 0 0 rg BT 170.22 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 186.97 94.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 205.95 94.25 Td (would ) Tj ET Q q 0 0 0 rg BT 233.26 94.25 Td (not ) Tj ET Q q 0 0 0 rg BT 248.35 94.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 272.88 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 282.97 94.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 323.60 94.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 352.85 94.25 Td (Nevertheless, ) Tj ET Q q 0 0 0 rg BT 409.30 94.25 Td (we ) Tj ET Q q 0 0 0 rg BT 423.28 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.03 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 455.67 94.25 Td (counsel ) Tj ET Q q 0 0 0 rg BT 488.52 94.25 Td (are ) Tj ET Q q 0 0 0 rg BT 503.04 94.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 549.80 94.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 78.16 82.25 Td (closely ) Tj ET Q q 0 0 0 rg BT 109.11 82.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 128.67 82.25 Td (as ) Tj ET Q q 0 0 0 rg BT 139.62 82.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 197.79 82.25 Td (warrant, ) Tj ET Q q 0 0 0 rg BT 233.45 82.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 250.23 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.18 82.25 Td (course, ) Tj ET Q q 0 0 0 rg BT 292.40 82.25 Td (will ) Tj ET Q q 0 0 0 rg BT 310.58 82.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 347.08 82.25 Td (any ) Tj ET Q q 0 0 0 rg BT 364.14 82.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 405.63 82.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 440.46 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 450.86 82.25 Td (our ) Tj ET Q q 0 0 0 rg BT 466.81 82.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 518.29 82.25 Td (required ) Tj ET Q q 0 0 0 rg BT 554.23 82.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (avoid ) Tj ET Q q 0 0 0 rg BT 74.78 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.56 70.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 119.33 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.23 70.25 Td (this ) Tj ET Q q 0 0 0 rg BT 147.24 70.25 Td (case ) Tj ET Q q 0 0 0 rg BT 167.01 70.25 Td (on ) Tj ET Q q 0 0 0 rg BT 179.57 70.25 Td (our ) Tj ET Q q 0 0 0 rg BT 195.46 70.25 Td (business ) Tj ET Q q 0 0 0 rg BT 231.92 70.25 Td (model. ) Tj ET Q q 0 0 0 rg BT 261.97 70.25 Td ( ) Tj ET Q q 0 0 0 rg BT 264.54 70.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 300.41 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.31 70.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 346.08 70.25 Td (demand, ) Tj ET Q q 0 0 0 rg BT 382.80 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.58 70.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 440.70 70.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 469.91 70.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 515.78 70.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 533.33 70.25 Td (of) Tj ET Q q 0 0 0 rg BT 541.47 70.25 Td (fered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (through ) Tj ET Q q 0 0 0 rg BT 83.61 58.25 Td (our ) Tj ET Q q 0 0 0 rg BT 99.44 58.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 150.80 58.25 Td (may ) Tj ET Q q 0 0 0 rg BT 170.51 58.25 Td (be ) Tj ET Q q 0 0 0 rg BT 182.45 58.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 207.72 58.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.00 58.25 Td (some ) Tj ET Q q 0 0 0 rg BT 241.61 58.25 Td (states ) Tj ET Q q 0 0 0 rg BT 266.32 58.25 Td (than ) Tj ET Q q 0 0 0 rg BT 286.04 58.25 Td (others.) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (38) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 742.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 727.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.64 727.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 82.24 727.25 Td (on ) Tj ET Q q 0 0 0 rg BT 94.85 727.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 144.12 727.25 Td (with ) Tj ET Q q 0 0 0 rg BT 163.81 727.25 Td (W) Tj ET Q q 0 0 0 rg BT 171.96 727.25 Td (ebBank, ) Tj ET Q q 0 0 0 rg BT 208.19 727.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 247.48 727.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.31 727.25 Td (which ) Tj ET Q q 0 0 0 rg BT 284.23 727.25 Td (W) Tj ET Q q 0 0 0 rg BT 292.38 727.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 326.10 727.25 Td (originates ) Tj ET Q q 0 0 0 rg BT 369.27 727.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 393.55 727.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.38 727.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 442.10 727.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 485.83 727.25 Td (on ) Tj ET Q q 0 0 0 rg BT 498.44 727.25 Td (a ) Tj ET Q q 0 0 0 rg BT 505.49 727.25 Td (uniform ) Tj ET Q q 0 0 0 rg BT 541.45 727.25 Td (basis ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 98.73 715.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.55 715.25 Td (United ) Tj ET Q q 0 0 0 rg BT 143.37 715.25 Td (States ) Tj ET Q q 0 0 0 rg BT 169.85 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.45 715.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 207.27 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.87 715.25 Td (assigns ) Tj ET Q q 0 0 0 rg BT 256.92 715.25 Td (those ) Tj ET Q q 0 0 0 rg BT 280.63 715.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 304.90 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.72 715.25 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 338.14 715.25 Td (If ) Tj ET Q q 0 0 0 rg BT 347.40 715.25 Td (our ) Tj ET Q q 0 0 0 rg BT 363.90 715.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 419.28 715.25 Td (with ) Tj ET Q q 0 0 0 rg BT 438.96 715.25 Td (W) Tj ET Q q 0 0 0 rg BT 447.11 715.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 480.82 715.25 Td (were ) Tj ET Q q 0 0 0 rg BT 502.30 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.12 715.25 Td (end, ) Tj ET Q q 0 0 0 rg BT 531.65 715.25 Td (we ) Tj ET Q q 0 0 0 rg BT 544.80 715.25 Td (may ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (need ) Tj ET Q q 0 0 0 rg BT 71.94 703.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.22 703.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 100.26 703.25 Td (on ) Tj ET Q q 0 0 0 rg BT 113.33 703.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 157.50 703.25 Td (state ) Tj ET Q q 0 0 0 rg BT 178.89 703.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 212.50 703.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 247.22 703.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.50 703.25 Td (originate ) Tj ET Q q 0 0 0 rg BT 297.23 703.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 339.18 703.25 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 673.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 127.85 673.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 151.93 673.25 Td (requests ) Tj ET Q q 0 0 0 rg BT 188.23 673.25 Td (take ) Tj ET Q q 0 0 0 rg BT 208.42 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.17 673.25 Td (form ) Tj ET Q q 0 0 0 rg BT 247.14 673.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.01 673.25 Td (an ) Tj ET Q q 0 0 0 rg BT 271.98 673.25 Td (application ) Tj ET Q q 0 0 0 rg BT 319.94 673.25 Td (to ) Tj ET Q q 0 0 0 rg BT 330.99 673.25 Td (W) Tj ET Q q 0 0 0 rg BT 339.63 673.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 373.71 673.25 Td (submitted ) Tj ET Q q 0 0 0 rg BT 416.69 673.25 Td (through ) Tj ET Q q 0 0 0 rg BT 451.33 673.25 Td (our ) Tj ET Q q 0 0 0 rg BT 468.19 673.25 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 522.83 673.25 Td (W) Tj ET Q q 0 0 0 rg BT 531.46 673.25 Td (ebBank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.53 661.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 116.52 661.25 Td (all ) Tj ET Q q 0 0 0 rg BT 128.95 661.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 152.50 661.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.72 661.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 205.70 661.25 Td (through ) Tj ET Q q 0 0 0 rg BT 239.25 661.25 Td (our ) Tj ET Q q 0 0 0 rg BT 255.01 661.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 308.81 661.25 Td (which ) Tj ET Q q 0 0 0 rg BT 335.69 661.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 364.24 661.25 Td (our ) Tj ET Q q 0 0 0 rg BT 380.00 661.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 431.30 661.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.52 661.25 Td (be ) Tj ET Q q 0 0 0 rg BT 453.40 661.25 Td (available ) Tj ET Q q 0 0 0 rg BT 491.92 661.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.14 661.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 545.12 661.25 Td (on ) Tj ET Q q 0 0 0 rg BT 557.56 661.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (uniform ) Tj ET Q q 0 0 0 rg BT 83.92 649.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 105.62 649.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 151.20 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.12 649.25 Td (United ) Tj ET Q q 0 0 0 rg BT 194.03 649.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 222.12 649.25 Td (If ) Tj ET Q q 0 0 0 rg BT 230.48 649.25 Td (our ) Tj ET Q q 0 0 0 rg BT 245.51 649.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 298.31 649.25 Td (with ) Tj ET Q q 0 0 0 rg BT 317.67 649.25 Td (W) Tj ET Q q 0 0 0 rg BT 326.30 649.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 358.55 649.25 Td (were ) Tj ET Q q 0 0 0 rg BT 379.68 649.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.15 649.25 Td (end ) Tj ET Q q 0 0 0 rg BT 405.29 649.25 Td (or ) Tj ET Q q 0 0 0 rg BT 415.32 649.25 Td (if ) Tj ET Q q 0 0 0 rg BT 423.01 649.25 Td (W) Tj ET Q q 0 0 0 rg BT 431.64 649.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 463.89 649.25 Td (were ) Tj ET Q q 0 0 0 rg BT 485.02 649.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.50 649.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 517.84 649.25 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (one ) Tj ET Q q 0 0 0 rg BT 66.32 637.25 Td (or ) Tj ET Q q 0 0 0 rg BT 76.53 637.25 Td (both ) Tj ET Q q 0 0 0 rg BT 96.18 637.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.39 637.25 Td (us ) Tj ET Q q 0 0 0 rg BT 117.16 637.25 Td (may ) Tj ET Q q 0 0 0 rg BT 136.26 637.25 Td (need ) Tj ET Q q 0 0 0 rg BT 157.01 637.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.67 637.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 184.10 637.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.98 637.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 238.41 637.25 Td (state ) Tj ET Q q 0 0 0 rg BT 258.61 637.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 290.49 637.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 324.02 637.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.68 637.25 Td (originate ) Tj ET Q q 0 0 0 rg BT 371.10 637.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 411.30 637.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 440.11 637.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 475.31 637.25 Td (neither ) Tj ET Q q 0 0 0 rg BT 504.95 637.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.16 637.25 Td (us ) Tj ET Q q 0 0 0 rg BT 525.93 637.25 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (possesses ) Tj ET Q q 0 0 0 rg BT 90.75 625.25 Td (all ) Tj ET Q q 0 0 0 rg BT 103.16 625.25 Td (required ) Tj ET Q q 0 0 0 rg BT 138.90 625.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 172.97 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.16 625.25 Td (lend ) Tj ET Q q 0 0 0 rg BT 202.80 625.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.99 625.25 Td (every ) Tj ET Q q 0 0 0 rg BT 237.62 625.25 Td (state, ) Tj ET Q q 0 0 0 rg BT 260.86 625.25 Td (we ) Tj ET Q q 0 0 0 rg BT 274.94 625.25 Td (might ) Tj ET Q q 0 0 0 rg BT 300.69 625.25 Td (be ) Tj ET Q q 0 0 0 rg BT 312.54 625.25 Td (forced ) Tj ET Q q 0 0 0 rg BT 340.50 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.69 625.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 372.00 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.64 625.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 407.93 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.68 625.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 450.53 625.25 Td (char) Tj ET Q q 0 0 0 rg BT 467.55 625.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 484.41 625.25 Td (on ) Tj ET Q q 0 0 0 rg BT 496.83 625.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.56 625.25 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.25 613.25 Td (some ) Tj ET Q q 0 0 0 rg BT 81.84 613.25 Td (states ) Tj ET Q q 0 0 0 rg BT 105.53 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.44 613.25 Td (we ) Tj ET Q q 0 0 0 rg BT 134.58 613.25 Td (might ) Tj ET Q q 0 0 0 rg BT 159.38 613.25 Td (not ) Tj ET Q q 0 0 0 rg BT 173.64 613.25 Td (be ) Tj ET Q q 0 0 0 rg BT 184.55 613.25 Td (able ) Tj ET Q q 0 0 0 rg BT 202.68 613.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.93 613.25 Td (originate ) Tj ET Q q 0 0 0 rg BT 248.95 613.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 271.53 613.25 Td (in ) Tj ET Q q 0 0 0 rg BT 280.79 613.25 Td (some ) Tj ET Q q 0 0 0 rg BT 303.37 613.25 Td (states ) Tj ET Q q 0 0 0 rg BT 327.06 613.25 Td (altogether) Tj ET Q q 0 0 0 rg BT 366.49 613.25 Td (. ) Tj ET Q q 0 0 0 rg BT 370.36 613.25 Td (W) Tj ET Q q 0 0 0 rg BT 379.00 613.25 Td (e ) Tj ET Q q 0 0 0 rg BT 384.91 613.25 Td (also ) Tj ET Q q 0 0 0 rg BT 402.49 613.25 Td (may ) Tj ET Q q 0 0 0 rg BT 421.18 613.25 Td (face ) Tj ET Q q 0 0 0 rg BT 439.30 613.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 478.53 613.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 500.01 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.92 613.25 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (burdens ) Tj ET Q q 0 0 0 rg BT 84.16 601.25 Td (if ) Tj ET Q q 0 0 0 rg BT 92.77 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.49 601.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 155.52 601.25 Td (with ) Tj ET Q q 0 0 0 rg BT 175.62 601.25 Td (W) Tj ET Q q 0 0 0 rg BT 184.25 601.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 217.30 601.25 Td (are ) Tj ET Q q 0 0 0 rg BT 232.01 601.25 Td (terminated.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (Several ) Tj ET Q q 0 0 0 rg BT 84.27 571.25 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 121.35 571.25 Td (have ) Tj ET Q q 0 0 0 rg BT 144.52 571.25 Td (sought ) Tj ET Q q 0 0 0 rg BT 176.04 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.54 571.25 Td (recharacterize ) Tj ET Q q 0 0 0 rg BT 250.15 571.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 282.76 571.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 304.83 571.25 Td (marketers ) Tj ET Q q 0 0 0 rg BT 349.66 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.95 571.25 Td (other ) Tj ET Q q 0 0 0 rg BT 394.35 571.25 Td (originators ) Tj ET Q q 0 0 0 rg BT 443.65 571.25 Td (as ) Tj ET Q q 0 0 0 rg BT 456.26 571.25 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 492.49 571.25 Td (If ) Tj ET Q q 0 0 0 rg BT 503.44 571.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 544.40 571.25 Td (or ) Tj ET Q q 0 0 0 rg BT 557.02 571.25 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 94.25 559.25 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 147.38 559.25 Td (action ) Tj ET Q q 0 0 0 rg BT 174.40 559.25 Td (on ) Tj ET Q q 0 0 0 rg BT 186.44 559.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 216.80 559.25 Td (theories ) Tj ET Q q 0 0 0 rg BT 251.05 559.25 Td (were ) Tj ET Q q 0 0 0 rg BT 271.96 559.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 315.66 559.25 Td (against ) Tj ET Q q 0 0 0 rg BT 347.14 559.25 Td (one ) Tj ET Q q 0 0 0 rg BT 363.61 559.25 Td (or ) Tj ET Q q 0 0 0 rg BT 373.97 559.25 Td (both ) Tj ET Q q 0 0 0 rg BT 393.78 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.58 559.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 417.01 559.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 457.93 559.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 484.96 559.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 528.66 559.25 Td (through ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.83 547.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 119.75 547.25 Td (could ) Tj ET Q q 0 0 0 rg BT 144.91 547.25 Td (be ) Tj ET Q q 0 0 0 rg BT 156.73 547.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 188.00 547.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.15 547.25 Td (state ) Tj ET Q q 0 0 0 rg BT 219.42 547.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 262.36 547.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 306.40 547.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 327.12 547.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.06 547.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 384.67 547.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 441.50 547.25 Td (in ) Tj ET Q q 0 0 0 rg BT 452.22 547.25 Td (a ) Tj ET Q q 0 0 0 rg BT 459.60 547.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 491.42 547.25 Td (number ) Tj ET Q q 0 0 0 rg BT 526.03 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 536.74 547.25 Td (states.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 517.25 Td (Several ) Tj ET Q q 0 0 0 rg BT 118.65 517.25 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 154.08 517.25 Td (in ) Tj ET Q q 0 0 0 rg BT 164.52 517.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.40 517.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 212.05 517.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 247.49 517.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 287.37 517.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 328.36 517.25 Td (high-interest ) Tj ET Q q 0 0 0 rg BT 381.56 517.25 Td (payday ) Tj ET Q q 0 0 0 rg BT 417.54 517.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 441.85 517.25 Td (marketers ) Tj ET Q q 0 0 0 rg BT 483.94 517.25 Td (have ) Tj ET Q q 0 0 0 rg BT 505.47 517.25 Td (brought ) Tj ET Q q 0 0 0 rg BT 539.24 517.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.25 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 85.58 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.16 505.25 Td (association ) Tj ET Q q 0 0 0 rg BT 148.95 505.25 Td (between ) Tj ET Q q 0 0 0 rg BT 185.63 505.25 Td (those ) Tj ET Q q 0 0 0 rg BT 210.10 505.25 Td (firms ) Tj ET Q q 0 0 0 rg BT 234.57 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.37 505.25 Td (out-of-state ) Tj ET Q q 0 0 0 rg BT 301.83 505.25 Td (banks. ) Tj ET Q q 0 0 0 rg BT 330.77 505.25 Td (These ) Tj ET Q q 0 0 0 rg BT 358.01 505.25 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 394.15 505.25 Td (assert ) Tj ET Q q 0 0 0 rg BT 420.28 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.86 505.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 456.44 505.25 Td (marketers ) Tj ET Q q 0 0 0 rg BT 499.23 505.25 Td (use ) Tj ET Q q 0 0 0 rg BT 515.92 505.25 Td (out-of-state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 81.41 493.25 Td (in ) Tj ET Q q 0 0 0 rg BT 91.73 493.25 Td (order ) Tj ET Q q 0 0 0 rg BT 115.36 493.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.68 493.25 Td (evade ) Tj ET Q q 0 0 0 rg BT 151.53 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.28 493.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 207.70 493.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 250.78 493.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 271.64 493.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 308.07 493.25 Td (by ) Tj ET Q q 0 0 0 rg BT 320.60 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.36 493.25 Td (states ) Tj ET Q q 0 0 0 rg BT 360.11 493.25 Td (where ) Tj ET Q q 0 0 0 rg BT 387.08 493.25 Td (they ) Tj ET Q q 0 0 0 rg BT 406.83 493.25 Td (do ) Tj ET Q q 0 0 0 rg BT 419.37 493.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 458.29 493.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 480.83 493.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 519.48 493.25 Td (has ) Tj ET Q q 0 0 0 rg BT 535.34 493.25 Td (sought ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.76 481.25 Td (re-characterize ) Tj ET Q q 0 0 0 rg BT 123.12 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.31 481.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 158.51 481.25 Td (marketer ) Tj ET Q q 0 0 0 rg BT 197.02 481.25 Td (as ) Tj ET Q q 0 0 0 rg BT 208.32 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.52 481.25 Td (lender ) Tj ET Q q 0 0 0 rg BT 251.48 481.25 Td (for ) Tj ET Q q 0 0 0 rg BT 266.12 481.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 304.65 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.96 481.25 Td (state ) Tj ET Q q 0 0 0 rg BT 337.26 481.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 379.11 481.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 422.63 481.25 Td (law ) Tj ET Q q 0 0 0 rg BT 440.05 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.46 481.25 Td (usury ) Tj ET Q q 0 0 0 rg BT 482.66 481.25 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 532.58 481.25 Td (Similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 70.03 469.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 100.62 469.25 Td (have ) Tj ET Q q 0 0 0 rg BT 121.75 469.25 Td (been ) Tj ET Q q 0 0 0 rg BT 142.89 469.25 Td (brought ) Tj ET Q q 0 0 0 rg BT 176.25 469.25 Td (in ) Tj ET Q q 0 0 0 rg BT 186.29 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.76 469.25 Td (context ) Tj ET Q q 0 0 0 rg BT 232.46 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.04 469.25 Td (gift ) Tj ET Q q 0 0 0 rg BT 259.19 469.25 Td (cards ) Tj ET Q q 0 0 0 rg BT 282.55 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.24 469.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 322.04 469.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 359.84 469.25 Td (finance. ) Tj ET Q q 0 0 0 rg BT 393.52 469.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 433.56 469.25 Td (we ) Tj ET Q q 0 0 0 rg BT 447.48 469.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 478.61 469.25 Td (that ) Tj ET Q q 0 0 0 rg BT 495.86 469.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.45 469.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 549.81 469.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.70 457.25 Td (distinguishable ) Tj ET Q q 0 0 0 rg BT 152.75 457.25 Td (from ) Tj ET Q q 0 0 0 rg BT 174.69 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.41 457.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 228.01 457.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 265.50 457.25 Td (in ) Tj ET Q q 0 0 0 rg BT 275.78 457.25 Td (these ) Tj ET Q q 0 0 0 rg BT 298.83 457.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 324.93 457.25 Td (a ) Tj ET Q q 0 0 0 rg BT 331.87 457.25 Td (court ) Tj ET Q q 0 0 0 rg BT 354.91 457.25 Td (or ) Tj ET Q q 0 0 0 rg BT 365.74 457.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 409.34 457.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 447.94 457.25 Td (could ) Tj ET Q q 0 0 0 rg BT 472.66 457.25 Td (disagree.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 427.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 130.48 427.25 Td (state ) Tj ET Q q 0 0 0 rg BT 150.51 427.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 191.10 427.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 233.34 427.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 253.38 427.25 Td (would ) Tj ET Q q 0 0 0 rg BT 280.09 427.25 Td (be ) Tj ET Q q 0 0 0 rg BT 291.23 427.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 334.03 427.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.51 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.44 427.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 397.46 427.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 423.61 427.25 Td (facilitated ) Tj ET Q q 0 0 0 rg BT 465.29 427.25 Td (through ) Tj ET Q q 0 0 0 rg BT 498.10 427.25 Td (our ) Tj ET Q q 0 0 0 rg BT 513.14 427.25 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.25 Td (if ) Tj ET Q q 0 0 0 rg BT 58.86 415.25 Td (one ) Tj ET Q q 0 0 0 rg BT 76.06 415.25 Td (or ) Tj ET Q q 0 0 0 rg BT 87.15 415.25 Td (both ) Tj ET Q q 0 0 0 rg BT 107.68 415.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.77 415.25 Td (us ) Tj ET Q q 0 0 0 rg BT 130.42 415.25 Td (were ) Tj ET Q q 0 0 0 rg BT 152.60 415.25 Td (re-characterized ) Tj ET Q q 0 0 0 rg BT 219.74 415.25 Td (as ) Tj ET Q q 0 0 0 rg BT 230.83 415.25 Td (a ) Tj ET Q q 0 0 0 rg BT 238.02 415.25 Td (lender) Tj ET Q q 0 0 0 rg BT 262.61 415.25 Td (, ) Tj ET Q q 0 0 0 rg BT 267.86 415.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.06 415.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.03 415.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 341.11 415.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 368.30 415.25 Td (could ) Tj ET Q q 0 0 0 rg BT 393.28 415.25 Td (be ) Tj ET Q q 0 0 0 rg BT 405.47 415.25 Td (voidable ) Tj ET Q q 0 0 0 rg BT 442.66 415.25 Td (or ) Tj ET Q q 0 0 0 rg BT 453.75 415.25 Td (unenforceable. ) Tj ET Q q 0 0 0 rg BT 515.63 415.25 Td (In ) Tj ET Q q 0 0 0 rg BT 526.72 415.25 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.18 403.25 Td (could ) Tj ET Q q 0 0 0 rg BT 88.92 403.25 Td (be ) Tj ET Q q 0 0 0 rg BT 100.89 403.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 131.73 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 142.04 403.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 170.66 403.25 Td (by ) Tj ET Q q 0 0 0 rg BT 183.19 403.25 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 228.75 403.25 Td (as ) Tj ET Q q 0 0 0 rg BT 239.61 403.25 Td (well ) Tj ET Q q 0 0 0 rg BT 259.35 403.25 Td (as ) Tj ET Q q 0 0 0 rg BT 270.20 403.25 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 322.69 403.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 353.54 403.25 Td (by ) Tj ET Q q 0 0 0 rg BT 366.07 403.25 Td (regulators. ) Tj ET Q q 0 0 0 rg BT 411.07 403.25 Td (Even ) Tj ET Q q 0 0 0 rg BT 434.14 403.25 Td (if ) Tj ET Q q 0 0 0 rg BT 442.78 403.25 Td (we ) Tj ET Q q 0 0 0 rg BT 456.96 403.25 Td (were ) Tj ET Q q 0 0 0 rg BT 478.91 403.25 Td (not ) Tj ET Q q 0 0 0 rg BT 494.21 403.25 Td (required ) Tj ET Q q 0 0 0 rg BT 530.05 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 540.35 403.25 Td (cease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.25 Td (doing ) Tj ET Q q 0 0 0 rg BT 74.92 391.25 Td (business ) Tj ET Q q 0 0 0 rg BT 110.96 391.25 Td (with ) Tj ET Q q 0 0 0 rg BT 130.88 391.25 Td (residents ) Tj ET Q q 0 0 0 rg BT 168.58 391.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.05 391.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 208.40 391.25 Td (states ) Tj ET Q q 0 0 0 rg BT 232.76 391.25 Td (or ) Tj ET Q q 0 0 0 rg BT 243.23 391.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.16 391.25 Td (change ) Tj ET Q q 0 0 0 rg BT 283.62 391.25 Td (our ) Tj ET Q q 0 0 0 rg BT 299.09 391.25 Td (business ) Tj ET Q q 0 0 0 rg BT 335.13 391.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 372.81 391.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.73 391.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 414.87 391.25 Td (with ) Tj ET Q q 0 0 0 rg BT 434.79 391.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 478.03 391.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 498.50 391.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.09 391.25 Td (regulations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.16 379.25 Td (could ) Tj ET Q q 0 0 0 rg BT 88.88 379.25 Td (be ) Tj ET Q q 0 0 0 rg BT 100.82 379.25 Td (required ) Tj ET Q q 0 0 0 rg BT 136.63 379.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.91 379.25 Td (register ) Tj ET Q q 0 0 0 rg BT 179.39 379.25 Td (or ) Tj ET Q q 0 0 0 rg BT 190.22 379.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 217.72 379.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 251.88 379.25 Td (or ) Tj ET Q q 0 0 0 rg BT 262.71 379.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 306.30 379.25 Td (approvals ) Tj ET Q q 0 0 0 rg BT 347.68 379.25 Td (that ) Tj ET Q q 0 0 0 rg BT 365.17 379.25 Td (could ) Tj ET Q q 0 0 0 rg BT 389.89 379.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 421.27 379.25 Td (a ) Tj ET Q q 0 0 0 rg BT 428.21 379.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 473.49 379.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 492.09 379.25 Td (on ) Tj ET Q q 0 0 0 rg BT 504.59 379.25 Td (us.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.48 349.25 Td (Internet ) Tj ET Q q 0 0 0 rg BT 97.74 349.25 Td (commerce ) Tj ET Q q 0 0 0 rg BT 141.86 349.25 Td (develops, ) Tj ET Q q 0 0 0 rg BT 181.26 349.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 212.06 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.54 349.25 Td (state ) Tj ET Q q 0 0 0 rg BT 250.34 349.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 305.04 349.25 Td (may ) Tj ET Q q 0 0 0 rg BT 324.17 349.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 346.09 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.57 349.25 Td (propose ) Tj ET Q q 0 0 0 rg BT 397.71 349.25 Td (new ) Tj ET Q q 0 0 0 rg BT 416.30 349.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 436.55 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.25 349.25 Td (regulate ) Tj ET Q q 0 0 0 rg BT 482.05 349.25 Td (Internet ) Tj ET Q q 0 0 0 rg BT 517.31 349.25 Td (commerce, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.51 337.25 Td (may ) Tj ET Q q 0 0 0 rg BT 97.23 337.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 141.38 337.25 Td (af) Tj ET Q q 0 0 0 rg BT 149.53 337.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 167.01 337.25 Td (our ) Tj ET Q q 0 0 0 rg BT 183.96 337.25 Td (businesses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 307.25 Td (As ) Tj ET Q q 0 0 0 rg BT 99.31 307.25 Td (Internet ) Tj ET Q q 0 0 0 rg BT 132.60 307.25 Td (commerce ) Tj ET Q q 0 0 0 rg BT 176.44 307.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 216.96 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.93 307.25 Td (evolve, ) Tj ET Q q 0 0 0 rg BT 258.28 307.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 301.57 307.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 344.31 307.25 Td (by ) Tj ET Q q 0 0 0 rg BT 356.51 307.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 386.46 307.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.09 307.25 Td (state ) Tj ET Q q 0 0 0 rg BT 423.62 307.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 477.47 307.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 514.65 307.25 Td (more ) Tj ET Q q 0 0 0 rg BT 537.39 307.25 Td (likely) Tj ET Q q 0 0 0 rg BT 559.52 307.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.72 295.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 114.10 295.25 Td (could ) Tj ET Q q 0 0 0 rg BT 139.48 295.25 Td (be ) Tj ET Q q 0 0 0 rg BT 152.08 295.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 196.90 295.25 Td (af) Tj ET Q q 0 0 0 rg BT 204.49 295.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 232.08 295.25 Td (by ) Tj ET Q q 0 0 0 rg BT 245.24 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.62 295.25 Td (application ) Tj ET Q q 0 0 0 rg BT 308.21 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.71 295.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 354.54 295.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 376.03 295.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.63 295.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 441.23 295.25 Td (or ) Tj ET Q q 0 0 0 rg BT 452.72 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.11 295.25 Td (enactment ) Tj ET Q q 0 0 0 rg BT 512.36 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 523.85 295.25 Td (new ) Tj ET Q q 0 0 0 rg BT 543.68 295.25 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 93.51 283.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.70 283.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 154.98 283.25 Td (lending. ) Tj ET Q q 0 0 0 rg BT 189.72 283.25 Td (The ) Tj ET Q q 0 0 0 rg BT 207.68 283.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 226.21 283.25 Td (to ) Tj ET Q q 0 0 0 rg BT 236.41 283.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 268.82 283.25 Td (with ) Tj ET Q q 0 0 0 rg BT 289.02 283.25 Td (such ) Tj ET Q q 0 0 0 rg BT 309.77 283.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 330.52 283.25 Td (or ) Tj ET Q q 0 0 0 rg BT 341.26 283.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 388.12 283.25 Td (could ) Tj ET Q q 0 0 0 rg BT 412.75 283.25 Td (be ) Tj ET Q q 0 0 0 rg BT 424.61 283.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 469.24 283.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.10 283.25 Td (would ) Tj ET Q q 0 0 0 rg BT 513.51 283.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 548.69 283.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.97 271.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 130.78 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.43 271.25 Td (we ) Tj ET Q q 0 0 0 rg BT 161.29 271.25 Td (may ) Tj ET Q q 0 0 0 rg BT 180.72 271.25 Td (be ) Tj ET Q q 0 0 0 rg BT 192.37 271.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 221.23 271.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.22 271.25 Td (pass ) Tj ET Q q 0 0 0 rg BT 250.65 271.25 Td (along ) Tj ET Q q 0 0 0 rg BT 275.07 271.25 Td (those ) Tj ET Q q 0 0 0 rg BT 298.39 271.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 320.60 271.25 Td (to ) Tj ET Q q 0 0 0 rg BT 330.59 271.25 Td (our ) Tj ET Q q 0 0 0 rg BT 346.12 271.25 Td (users ) Tj ET Q q 0 0 0 rg BT 368.88 271.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.87 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.30 271.25 Td (form ) Tj ET Q q 0 0 0 rg BT 414.94 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.48 271.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 465.44 271.25 Td (fees. ) Tj ET Q q 0 0 0 rg BT 486.25 271.25 Td (In ) Tj ET Q q 0 0 0 rg BT 496.79 271.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 534.27 271.25 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.46 259.25 Td (state ) Tj ET Q q 0 0 0 rg BT 88.80 259.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 146.80 259.25 Td (or ) Tj ET Q q 0 0 0 rg BT 158.15 259.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 202.27 259.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 239.71 259.25 Td (may ) Tj ET Q q 0 0 0 rg BT 259.95 259.25 Td (decide ) Tj ET Q q 0 0 0 rg BT 289.06 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.86 259.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 331.77 259.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 355.33 259.25 Td (on ) Tj ET Q q 0 0 0 rg BT 368.35 259.25 Td (services ) Tj ET Q q 0 0 0 rg BT 403.58 259.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 442.15 259.25 Td (over ) Tj ET Q q 0 0 0 rg BT 462.94 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.17 259.25 Td (Internet. ) Tj ET Q q 0 0 0 rg BT 514.57 259.25 Td (These ) Tj ET Q q 0 0 0 rg BT 541.47 259.25 Td (taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (could ) Tj ET Q q 0 0 0 rg BT 75.90 247.25 Td (discourage ) Tj ET Q q 0 0 0 rg BT 122.91 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.81 247.25 Td (use ) Tj ET Q q 0 0 0 rg BT 155.83 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.84 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.75 247.25 Td (Internet ) Tj ET Q q 0 0 0 rg BT 218.53 247.25 Td (as ) Tj ET Q q 0 0 0 rg BT 230.54 247.25 Td (a ) Tj ET Q q 0 0 0 rg BT 238.67 247.25 Td (means ) Tj ET Q q 0 0 0 rg BT 267.90 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.92 247.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 322.48 247.25 Td (lending, ) Tj ET Q q 0 0 0 rg BT 358.66 247.25 Td (which ) Tj ET Q q 0 0 0 rg BT 386.79 247.25 Td (would ) Tj ET Q q 0 0 0 rg BT 415.47 247.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 457.48 247.25 Td (af) Tj ET Q q 0 0 0 rg BT 465.06 247.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 483.74 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.64 247.25 Td (viability ) Tj ET Q q 0 0 0 rg BT 536.66 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 247.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (marketplace.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.74 205.25 Td (one ) Tj ET Q q 0 0 0 rg BT 77.26 205.25 Td (or ) Tj ET Q q 0 0 0 rg BT 88.67 205.25 Td (both ) Tj ET Q q 0 0 0 rg BT 109.53 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.38 205.25 Td (us ) Tj ET Q q 0 0 0 rg BT 132.35 205.25 Td (is ) Tj ET Q q 0 0 0 rg BT 141.54 205.25 Td (required ) Tj ET Q q 0 0 0 rg BT 179.05 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.35 205.25 Td (register ) Tj ET Q q 0 0 0 rg BT 222.98 205.25 Td (under ) Tj ET Q q 0 0 0 rg BT 249.95 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.25 205.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 313.32 205.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 354.92 205.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 373.82 205.25 Td (either ) Tj ET Q q 0 0 0 rg BT 400.23 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.07 205.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.05 205.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 456.12 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 466.41 205.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 501.71 205.25 Td (business ) Tj ET Q q 0 0 0 rg BT 539.24 205.25 Td (could ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 193.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 106.10 193.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 146.91 193.25 Td (af) Tj ET Q q 0 0 0 rg BT 155.06 193.25 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 163.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.15 163.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 151.19 163.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 192.11 163.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 209.16 163.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.09 163.25 Td (1940, ) Tj ET Q q 0 0 0 rg BT 245.20 163.25 Td (or ) Tj ET Q q 0 0 0 rg BT 256.14 163.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.96 163.25 Td ("Investment ) Tj ET Q q 0 0 0 rg BT 322.08 163.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 363.00 163.25 Td (Act," ) Tj ET Q q 0 0 0 rg BT 386.63 163.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 422.56 163.25 Td (substantive ) Tj ET Q q 0 0 0 rg BT 470.16 163.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 492.20 163.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 547.01 163.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (regulate ) Tj ET Q q 0 0 0 rg BT 85.25 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.52 151.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 133.55 151.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.38 151.25 Td (which ) Tj ET Q q 0 0 0 rg BT 171.87 151.25 Td ("investment ) Tj ET Q q 0 0 0 rg BT 222.88 151.25 Td (companies" ) Tj ET Q q 0 0 0 rg BT 272.78 151.25 Td (are ) Tj ET Q q 0 0 0 rg BT 288.03 151.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 329.40 151.25 Td (to ) Tj ET Q q 0 0 0 rg BT 340.23 151.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 374.93 151.25 Td (their ) Tj ET Q q 0 0 0 rg BT 396.31 151.25 Td (business ) Tj ET Q q 0 0 0 rg BT 433.25 151.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 474.90 151.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 491.76 151.25 Td ( ) Tj ET Q q 0 0 0 rg BT 494.81 151.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.29 151.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 533.13 151.25 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (each ) Tj ET Q q 0 0 0 rg BT 71.13 139.25 Td (has ) Tj ET Q q 0 0 0 rg BT 87.27 139.25 Td (conducted ) Tj ET Q q 0 0 0 rg BT 131.18 139.25 Td (its ) Tj ET Q q 0 0 0 rg BT 143.44 139.25 Td (business ) Tj ET Q q 0 0 0 rg BT 180.15 139.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.74 139.25 Td (a ) Tj ET Q q 0 0 0 rg BT 197.99 139.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 230.79 139.25 Td (that ) Tj ET Q q 0 0 0 rg BT 248.60 139.25 Td (does ) Tj ET Q q 0 0 0 rg BT 269.75 139.25 Td (not ) Tj ET Q q 0 0 0 rg BT 285.34 139.25 Td (result ) Tj ET Q q 0 0 0 rg BT 310.37 139.25 Td (in ) Tj ET Q q 0 0 0 rg BT 320.96 139.25 Td (being ) Tj ET Q q 0 0 0 rg BT 345.99 139.25 Td (characterized ) Tj ET Q q 0 0 0 rg BT 402.09 139.25 Td (as ) Tj ET Q q 0 0 0 rg BT 413.24 139.25 Td (an ) Tj ET Q q 0 0 0 rg BT 425.49 139.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 472.18 139.25 Td (company) Tj ET Q q 0 0 0 rg BT 508.19 139.25 Td (. ) Tj ET Q q 0 0 0 rg BT 513.50 139.25 Td (If, ) Tj ET Q q 0 0 0 rg BT 525.48 139.25 Td (however) Tj ET Q q 0 0 0 rg BT 559.51 139.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 127.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.08 127.25 Td (is ) Tj ET Q q 0 0 0 rg BT 79.98 127.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 114.30 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.30 127.25 Td (be ) Tj ET Q q 0 0 0 rg BT 137.96 127.25 Td (an ) Tj ET Q q 0 0 0 rg BT 150.62 127.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 197.73 127.25 Td (company ) Tj ET Q q 0 0 0 rg BT 237.61 127.25 Td (under ) Tj ET Q q 0 0 0 rg BT 263.60 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.04 127.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 326.70 127.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 368.10 127.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 388.26 127.25 Td (it ) Tj ET Q q 0 0 0 rg BT 397.04 127.25 Td (may ) Tj ET Q q 0 0 0 rg BT 417.48 127.25 Td (be ) Tj ET Q q 0 0 0 rg BT 430.15 127.25 Td (required ) Tj ET Q q 0 0 0 rg BT 466.69 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.69 127.25 Td (institute ) Tj ET Q q 0 0 0 rg BT 513.13 127.25 Td (burdensome ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 99.80 115.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 155.72 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.87 115.25 Td (its ) Tj ET Q q 0 0 0 rg BT 187.03 115.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 226.84 115.25 Td (may ) Tj ET Q q 0 0 0 rg BT 247.77 115.25 Td (be ) Tj ET Q q 0 0 0 rg BT 260.92 115.25 Td (restricted, ) Tj ET Q q 0 0 0 rg BT 304.33 115.25 Td (which ) Tj ET Q q 0 0 0 rg BT 332.48 115.25 Td (would ) Tj ET Q q 0 0 0 rg BT 361.20 115.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 405.45 115.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 447.47 115.25 Td (af) Tj ET Q q 0 0 0 rg BT 455.06 115.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 473.76 115.25 Td (its ) Tj ET Q q 0 0 0 rg BT 486.92 115.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 527.02 115.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 90.57 103.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.80 103.25 Td (results ) Tj ET Q q 0 0 0 rg BT 136.70 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.83 103.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 194.16 103.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 214.18 103.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 272.51 103.25 Td (that ) Tj ET Q q 0 0 0 rg BT 290.30 103.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 310.88 103.25 Td (is ) Tj ET Q q 0 0 0 rg BT 320.34 103.25 Td (an ) Tj ET Q q 0 0 0 rg BT 332.57 103.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 379.25 103.25 Td (company ) Tj ET Q q 0 0 0 rg BT 418.70 103.25 Td (under ) Tj ET Q q 0 0 0 rg BT 444.26 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.27 103.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 506.50 103.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 547.57 103.25 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (similarly ) Tj ET Q q 0 0 0 rg BT 87.98 91.25 Td (could ) Tj ET Q q 0 0 0 rg BT 112.63 91.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 141.17 91.25 Td (its ) Tj ET Q q 0 0 0 rg BT 153.05 91.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 181.04 91.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.25 91.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 225.89 91.25 Td (its ) Tj ET Q q 0 0 0 rg BT 237.77 91.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 284.65 91.25 Td (under ) Tj ET Q q 0 0 0 rg BT 309.85 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.96 91.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 386.41 91.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 433.27 91.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.14 91.25 Td (thereby ) Tj ET Q q 0 0 0 rg BT 482.56 91.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 511.09 91.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 536.45 91.25 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.08 79.25 Td (make ) Tj ET Q q 0 0 0 rg BT 84.03 79.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 124.66 79.25 Td (on ) Tj ET Q q 0 0 0 rg BT 136.95 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.47 79.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 179.60 79.25 Td (If ) Tj ET Q q 0 0 0 rg BT 188.56 79.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 205.42 79.25 Td ( ) Tj ET Q q 0 0 0 rg BT 207.72 79.25 Td (or ) Tj ET Q q 0 0 0 rg BT 218.35 79.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 238.43 79.25 Td (were ) Tj ET Q q 0 0 0 rg BT 260.16 79.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 293.55 79.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.63 79.25 Td (be ) Tj ET Q q 0 0 0 rg BT 315.36 79.25 Td (an ) Tj ET Q q 0 0 0 rg BT 327.10 79.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 373.28 79.25 Td (company) Tj ET Q q 0 0 0 rg BT 409.29 79.25 Td (, ) Tj ET Q q 0 0 0 rg BT 414.08 79.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 430.95 79.25 Td ( ) Tj ET Q q 0 0 0 rg BT 433.24 79.25 Td (or ) Tj ET Q q 0 0 0 rg BT 443.87 79.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 463.96 79.25 Td (may ) Tj ET Q q 0 0 0 rg BT 483.47 79.25 Td (also ) Tj ET Q q 0 0 0 rg BT 501.88 79.25 Td (attempt ) Tj ET Q q 0 0 0 rg BT 534.17 79.25 Td (to ) Tj ET Q q 0 0 0 rg BT 544.24 79.25 Td (seek ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.25 Td (exemptive ) Tj ET Q q 0 0 0 rg BT 94.15 67.25 Td (relief ) Tj ET Q q 0 0 0 rg BT 117.74 67.25 Td (from ) Tj ET Q q 0 0 0 rg BT 139.68 67.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.40 67.25 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 177.74 67.25 Td (which ) Tj ET Q q 0 0 0 rg BT 204.68 67.25 Td (could ) Tj ET Q q 0 0 0 rg BT 229.39 67.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 260.78 67.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 305.49 67.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 327.99 67.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.93 67.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 372.98 67.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.48 67.25 Td (their ) Tj ET Q q 0 0 0 rg BT 406.30 67.25 Td (businesses.) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (39) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.96 742.25 Td (one ) Tj ET Q q 0 0 0 rg BT 77.70 742.25 Td (or ) Tj ET Q q 0 0 0 rg BT 89.34 742.25 Td (both ) Tj ET Q q 0 0 0 rg BT 110.42 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.49 742.25 Td (us ) Tj ET Q q 0 0 0 rg BT 133.68 742.25 Td (is ) Tj ET Q q 0 0 0 rg BT 143.09 742.25 Td (required ) Tj ET Q q 0 0 0 rg BT 180.83 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.35 742.25 Td (register ) Tj ET Q q 0 0 0 rg BT 225.20 742.25 Td (under ) Tj ET Q q 0 0 0 rg BT 252.39 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.91 742.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 315.80 742.25 Td (Advisers ) Tj ET Q q 0 0 0 rg BT 353.14 742.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 372.26 742.25 Td (either ) Tj ET Q q 0 0 0 rg BT 398.89 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.96 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 427.16 742.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 455.45 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.97 742.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 501.49 742.25 Td (business ) Tj ET Q q 0 0 0 rg BT 539.24 742.25 Td (could ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 730.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 106.10 730.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 146.91 730.25 Td (af) Tj ET Q q 0 0 0 rg BT 155.06 730.25 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.71 700.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 151.60 700.25 Td (Advisers ) Tj ET Q q 0 0 0 rg BT 189.62 700.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 207.22 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.71 700.25 Td (1940, ) Tj ET Q q 0 0 0 rg BT 244.37 700.25 Td (or ) Tj ET Q q 0 0 0 rg BT 255.86 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.24 700.25 Td ("Investment ) Tj ET Q q 0 0 0 rg BT 322.22 700.25 Td (Advisers ) Tj ET Q q 0 0 0 rg BT 360.23 700.25 Td (Act," ) Tj ET Q q 0 0 0 rg BT 384.41 700.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 420.90 700.25 Td (substantive ) Tj ET Q q 0 0 0 rg BT 469.05 700.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 491.65 700.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 547.01 700.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (regulate ) Tj ET Q q 0 0 0 rg BT 83.97 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.96 688.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 129.71 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.26 688.25 Td (which ) Tj ET Q q 0 0 0 rg BT 165.47 688.25 Td ("investment ) Tj ET Q q 0 0 0 rg BT 215.20 688.25 Td (advisers" ) Tj ET Q q 0 0 0 rg BT 253.82 688.25 Td (are ) Tj ET Q q 0 0 0 rg BT 267.79 688.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 307.88 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 317.43 688.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 350.86 688.25 Td (their ) Tj ET Q q 0 0 0 rg BT 370.95 688.25 Td (business ) Tj ET Q q 0 0 0 rg BT 406.61 688.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 446.98 688.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 463.84 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 465.61 688.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 500.14 688.25 Td (that ) Tj ET Q q 0 0 0 rg BT 516.90 688.25 Td (its ) Tj ET Q q 0 0 0 rg BT 528.12 688.25 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 84.57 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.81 676.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 137.60 676.25 Td (a ) Tj ET Q q 0 0 0 rg BT 144.94 676.25 Td (platform ) Tj ET Q q 0 0 0 rg BT 182.28 676.25 Td (for ) Tj ET Q q 0 0 0 rg BT 196.84 676.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 248.61 676.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 281.51 676.25 Td (for ) Tj ET Q q 0 0 0 rg BT 296.07 676.25 Td (which ) Tj ET Q q 0 0 0 rg BT 323.41 676.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 370.20 676.25 Td (adviser ) Tj ET Q q 0 0 0 rg BT 401.98 676.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 450.43 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.77 676.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 511.22 676.25 Td (do ) Tj ET Q q 0 0 0 rg BT 524.12 676.25 Td (not ) Tj ET Q q 0 0 0 rg BT 539.80 676.25 Td (apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (under ) Tj ET Q q 0 0 0 rg BT 75.56 664.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 119.44 664.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 149.99 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 161.11 664.25 Td (state ) Tj ET Q q 0 0 0 rg BT 182.23 664.25 Td (law) Tj ET Q q 0 0 0 rg BT 196.02 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 201.31 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.54 664.25 Td (does ) Tj ET Q q 0 0 0 rg BT 239.67 664.25 Td (not ) Tj ET Q q 0 0 0 rg BT 255.24 664.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 286.90 664.25 Td (that ) Tj ET Q q 0 0 0 rg BT 304.69 664.25 Td (it ) Tj ET Q q 0 0 0 rg BT 313.04 664.25 Td (is ) Tj ET Q q 0 0 0 rg BT 322.50 664.25 Td (required ) Tj ET Q q 0 0 0 rg BT 358.61 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.18 664.25 Td (register ) Tj ET Q q 0 0 0 rg BT 401.96 664.25 Td (as ) Tj ET Q q 0 0 0 rg BT 413.09 664.25 Td (an ) Tj ET Q q 0 0 0 rg BT 425.32 664.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 471.99 664.25 Td (adviser ) Tj ET Q q 0 0 0 rg BT 503.66 664.25 Td (with ) Tj ET Q q 0 0 0 rg BT 524.23 664.25 Td (either ) Tj ET Q q 0 0 0 rg BT 549.79 664.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 70.53 652.25 Td (or ) Tj ET Q q 0 0 0 rg BT 81.06 652.25 Td (any ) Tj ET Q q 0 0 0 rg BT 97.69 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.22 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.63 652.25 Td (various ) Tj ET Q q 0 0 0 rg BT 154.26 652.25 Td (states. ) Tj ET Q q 0 0 0 rg BT 181.02 652.25 Td (The ) Tj ET Q q 0 0 0 rg BT 198.76 652.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 219.29 652.25 Td (or ) Tj ET Q q 0 0 0 rg BT 229.82 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 236.45 652.25 Td (state ) Tj ET Q q 0 0 0 rg BT 256.97 652.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 296.93 652.25 Td (regulator ) Tj ET Q q 0 0 0 rg BT 335.22 652.25 Td (could ) Tj ET Q q 0 0 0 rg BT 359.63 652.25 Td (reach ) Tj ET Q q 0 0 0 rg BT 383.47 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 390.10 652.25 Td (dif) Tj ET Q q 0 0 0 rg BT 401.03 652.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 426.54 652.25 Td (conclusion, ) Tj ET Q q 0 0 0 rg BT 474.56 652.25 Td (however) Tj ET Q q 0 0 0 rg BT 508.44 652.25 Td (. ) Tj ET Q q 0 0 0 rg BT 513.13 652.25 Td (Registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.98 640.25 Td (an ) Tj ET Q q 0 0 0 rg BT 73.06 640.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 119.59 640.25 Td (adviser ) Tj ET Q q 0 0 0 rg BT 151.12 640.25 Td (could ) Tj ET Q q 0 0 0 rg BT 175.98 640.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 216.95 640.25 Td (af) Tj ET Q q 0 0 0 rg BT 224.54 640.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 242.17 640.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 267.74 640.25 Td (method ) Tj ET Q q 0 0 0 rg BT 300.38 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.36 640.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 351.77 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.86 640.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 409.55 640.25 Td (For ) Tj ET Q q 0 0 0 rg BT 426.08 640.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 465.10 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.97 640.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 526.47 640.25 Td (Advisers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 67.45 628.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 102.67 628.25 Td (that ) Tj ET Q q 0 0 0 rg BT 120.68 628.25 Td (an ) Tj ET Q q 0 0 0 rg BT 133.14 628.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 180.03 628.25 Td (adviser ) Tj ET Q q 0 0 0 rg BT 211.92 628.25 Td (act ) Tj ET Q q 0 0 0 rg BT 226.59 628.25 Td (in ) Tj ET Q q 0 0 0 rg BT 237.38 628.25 Td (a ) Tj ET Q q 0 0 0 rg BT 244.84 628.25 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 283.95 628.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 320.27 628.25 Td (for ) Tj ET Q q 0 0 0 rg BT 334.94 628.25 Td (its ) Tj ET Q q 0 0 0 rg BT 347.41 628.25 Td (clients. ) Tj ET Q q 0 0 0 rg BT 378.36 628.25 Td (Among ) Tj ET Q q 0 0 0 rg BT 411.37 628.25 Td (other ) Tj ET Q q 0 0 0 rg BT 434.93 628.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 464.90 628.25 Td (this ) Tj ET Q q 0 0 0 rg BT 482.36 628.25 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 521.47 628.25 Td (obligation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 85.17 616.25 Td (that ) Tj ET Q q 0 0 0 rg BT 103.14 616.25 Td (an ) Tj ET Q q 0 0 0 rg BT 115.54 616.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 162.39 616.25 Td (adviser ) Tj ET Q q 0 0 0 rg BT 194.24 616.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 228.30 616.25 Td (a ) Tj ET Q q 0 0 0 rg BT 235.71 616.25 Td (client's ) Tj ET Q q 0 0 0 rg BT 266.58 616.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 304.54 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.29 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.47 616.25 Td (best ) Tj ET Q q 0 0 0 rg BT 349.55 616.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 385.84 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.14 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.32 616.25 Td (client, ) Tj ET Q q 0 0 0 rg BT 440.00 616.25 Td (have ) Tj ET Q q 0 0 0 rg BT 461.85 616.25 Td (a ) Tj ET Q q 0 0 0 rg BT 469.25 616.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 514.98 616.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 537.94 616.25 Td (for ) Tj ET Q q 0 0 0 rg BT 552.57 616.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (recommendations, ) Tj ET Q q 0 0 0 rg BT 125.98 604.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 147.26 604.25 Td (disclose ) Tj ET Q q 0 0 0 rg BT 181.86 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.03 604.25 Td (its ) Tj ET Q q 0 0 0 rg BT 203.87 604.25 Td (client ) Tj ET Q q 0 0 0 rg BT 228.47 604.25 Td (any ) Tj ET Q q 0 0 0 rg BT 245.30 604.25 Td (material ) Tj ET Q q 0 0 0 rg BT 280.45 604.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 317.27 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.99 604.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 359.82 604.25 Td (that ) Tj ET Q q 0 0 0 rg BT 377.20 604.25 Td (may ) Tj ET Q q 0 0 0 rg BT 396.81 604.25 Td (af) Tj ET Q q 0 0 0 rg BT 404.40 604.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 421.77 604.25 Td (its ) Tj ET Q q 0 0 0 rg BT 433.61 604.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 467.66 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.48 604.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 504.64 604.25 Td (best ) Tj ET Q q 0 0 0 rg BT 523.14 604.25 Td (execution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.95 592.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 114.00 592.25 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 160.71 592.25 Td (on ) Tj ET Q q 0 0 0 rg BT 172.99 592.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 200.27 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.88 592.25 Td (its ) Tj ET Q q 0 0 0 rg BT 222.62 592.25 Td (client. ) Tj ET Q q 0 0 0 rg BT 249.62 592.25 Td (It ) Tj ET Q q 0 0 0 rg BT 258.01 592.25 Td (could ) Tj ET Q q 0 0 0 rg BT 282.51 592.25 Td (be ) Tj ET Q q 0 0 0 rg BT 294.24 592.25 Td (dif) Tj ET Q q 0 0 0 rg BT 305.17 592.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 328.56 592.25 Td (for ) Tj ET Q q 0 0 0 rg BT 342.50 592.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 359.36 592.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.65 592.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.72 592.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 404.00 592.25 Td (with ) Tj ET Q q 0 0 0 rg BT 424.06 592.25 Td (this ) Tj ET Q q 0 0 0 rg BT 440.80 592.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 483.64 592.25 Td (without ) Tj ET Q q 0 0 0 rg BT 516.48 592.25 Td (meaningful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 85.07 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.72 580.25 Td (its ) Tj ET Q q 0 0 0 rg BT 108.04 580.25 Td (business ) Tj ET Q q 0 0 0 rg BT 144.80 580.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 191.82 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.13 580.25 Td (there ) Tj ET Q q 0 0 0 rg BT 231.98 580.25 Td (is ) Tj ET Q q 0 0 0 rg BT 241.52 580.25 Td (no ) Tj ET Q q 0 0 0 rg BT 254.38 580.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 296.11 580.25 Td (that ) Tj ET Q q 0 0 0 rg BT 313.98 580.25 Td (it ) Tj ET Q q 0 0 0 rg BT 322.40 580.25 Td (could ) Tj ET Q q 0 0 0 rg BT 347.48 580.25 Td (do ) Tj ET Q q 0 0 0 rg BT 360.35 580.25 Td (so ) Tj ET Q q 0 0 0 rg BT 372.11 580.25 Td (successfully) Tj ET Q q 0 0 0 rg BT 420.34 580.25 Td (. ) Tj ET Q q 0 0 0 rg BT 425.71 580.25 Td (If ) Tj ET Q q 0 0 0 rg BT 435.23 580.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 452.10 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 454.96 580.25 Td (were ) Tj ET Q q 0 0 0 rg BT 477.26 580.25 Td (ever ) Tj ET Q q 0 0 0 rg BT 497.33 580.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 531.30 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 541.94 580.25 Td (be ) Tj ET Q q 0 0 0 rg BT 554.25 580.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (non-compliance ) Tj ET Q q 0 0 0 rg BT 116.79 568.25 Td (with ) Tj ET Q q 0 0 0 rg BT 136.95 568.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 180.41 568.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 226.67 568.25 Td (adviser ) Tj ET Q q 0 0 0 rg BT 257.92 568.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 307.23 568.25 Td (it ) Tj ET Q q 0 0 0 rg BT 315.16 568.25 Td (could ) Tj ET Q q 0 0 0 rg BT 339.76 568.25 Td (be ) Tj ET Q q 0 0 0 rg BT 351.57 568.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 382.27 568.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.42 568.25 Td (various ) Tj ET Q q 0 0 0 rg BT 424.24 568.25 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 464.66 568.25 Td (including ) Tj ET Q q 0 0 0 rg BT 504.80 568.25 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.10 556.25 Td (judicial ) Tj ET Q q 0 0 0 rg BT 93.87 556.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 144.96 556.25 Td (that ) Tj ET Q q 0 0 0 rg BT 162.73 556.25 Td (might ) Tj ET Q q 0 0 0 rg BT 188.84 556.25 Td (result ) Tj ET Q q 0 0 0 rg BT 213.83 556.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.39 556.25 Td (censure, ) Tj ET Q q 0 0 0 rg BT 260.20 556.25 Td (fine, ) Tj ET Q q 0 0 0 rg BT 281.02 556.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 301.57 556.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 339.88 556.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 383.76 556.25 Td (treble ) Tj ET Q q 0 0 0 rg BT 409.30 556.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 447.06 556.25 Td (in ) Tj ET Q q 0 0 0 rg BT 457.61 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.61 556.25 Td (case ) Tj ET Q q 0 0 0 rg BT 492.59 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.69 556.25 Td (insider ) Tj ET Q q 0 0 0 rg BT 533.69 556.25 Td (trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (violations\), ) Tj ET Q q 0 0 0 rg BT 97.33 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.61 544.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 147.54 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.93 544.25 Td (cease-and-desist ) Tj ET Q q 0 0 0 rg BT 225.51 544.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 252.56 544.25 Td (or ) Tj ET Q q 0 0 0 rg BT 262.95 544.25 Td (other ) Tj ET Q q 0 0 0 rg BT 285.55 544.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 318.15 544.25 Td (consequences. ) Tj ET Q q 0 0 0 rg BT 377.68 544.25 Td (Similarly) Tj ET Q q 0 0 0 rg BT 414.25 544.25 Td (, ) Tj ET Q q 0 0 0 rg BT 418.81 544.25 Td (any ) Tj ET Q q 0 0 0 rg BT 435.31 544.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 492.90 544.25 Td (by ) Tj ET Q q 0 0 0 rg BT 504.96 544.25 Td (regulators ) Tj ET Q q 0 0 0 rg BT 547.00 544.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 70.16 532.25 Td (must ) Tj ET Q q 0 0 0 rg BT 91.98 532.25 Td (register ) Tj ET Q q 0 0 0 rg BT 124.34 532.25 Td (as ) Tj ET Q q 0 0 0 rg BT 135.04 532.25 Td (an ) Tj ET Q q 0 0 0 rg BT 146.85 532.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 193.11 532.25 Td (adviser ) Tj ET Q q 0 0 0 rg BT 224.36 532.25 Td (could ) Tj ET Q q 0 0 0 rg BT 248.95 532.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 291.86 532.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 332.54 532.25 Td (af) Tj ET Q q 0 0 0 rg BT 340.13 532.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 357.49 532.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 377.65 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.46 532.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 422.93 532.25 Td (its ) Tj ET Q q 0 0 0 rg BT 434.76 532.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 462.68 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.83 532.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 509.64 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.79 532.25 Td (administer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 520.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 117.19 520.25 Td (on ) Tj ET Q q 0 0 0 rg BT 129.69 520.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 155.11 520.25 Td (behalf.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 79.66 490.25 Td (administration ) Tj ET Q q 0 0 0 rg BT 144.33 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.76 490.25 Td (Quick ) Tj ET Q q 0 0 0 rg BT 185.86 490.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 214.96 490.25 Td (under ) Tj ET Q q 0 0 0 rg BT 243.51 490.25 Td (its ) Tj ET Q q 0 0 0 rg BT 257.05 490.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 296.15 490.25 Td (of) Tj ET Q q 0 0 0 rg BT 304.30 490.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 333.40 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.06 490.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 371.39 490.25 Td () Tj ET Q q 0 0 0 rg BT 373.98 490.25 Td (s ) Tj ET Q q 0 0 0 rg BT 381.97 490.25 Td (administration ) Tj ET Q q 0 0 0 rg BT 446.64 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.07 490.25 Td (Quick ) Tj ET Q q 0 0 0 rg BT 488.17 490.25 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 519.77 490.25 Td (Recurring ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Investment, ) Tj ET Q q 0 0 0 rg BT 101.06 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.18 478.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 142.20 478.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 170.20 478.25 Td (under ) Tj ET Q q 0 0 0 rg BT 197.66 478.25 Td (its ) Tj ET Q q 0 0 0 rg BT 210.12 478.25 Td (current ) Tj ET Q q 0 0 0 rg BT 243.68 478.25 Td (of) Tj ET Q q 0 0 0 rg BT 251.83 478.25 Td (fering, ) Tj ET Q q 0 0 0 rg BT 282.34 478.25 Td (could ) Tj ET Q q 0 0 0 rg BT 308.12 478.25 Td (create ) Tj ET Q q 0 0 0 rg BT 336.11 478.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 380.79 478.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 414.91 478.25 Td (for ) Tj ET Q q 0 0 0 rg BT 430.13 478.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 448.65 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 451.65 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.22 478.25 Td (such ) Tj ET Q q 0 0 0 rg BT 492.68 478.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 526.79 478.25 Td (could ) Tj ET Q q 0 0 0 rg BT 552.58 478.25 Td (be ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (material.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 436.25 Td (Quick ) Tj ET Q q 0 0 0 rg BT 112.14 436.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 138.28 436.25 Td (was ) Tj ET Q q 0 0 0 rg BT 155.54 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.68 436.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 180.60 436.25 Td (search ) Tj ET Q q 0 0 0 rg BT 207.84 436.25 Td (tool ) Tj ET Q q 0 0 0 rg BT 225.10 436.25 Td (that ) Tj ET Q q 0 0 0 rg BT 241.80 436.25 Td (allowed ) Tj ET Q q 0 0 0 rg BT 275.16 436.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 312.97 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.45 436.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 355.26 436.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 380.29 436.25 Td (that ) Tj ET Q q 0 0 0 rg BT 396.99 436.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 418.12 436.25 Td (their ) Tj ET Q q 0 0 0 rg BT 438.15 436.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 483.74 436.25 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 515.88 436.25 Td (An ) Tj ET Q q 0 0 0 rg BT 529.80 436.25 Td (investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (using ) Tj ET Q q 0 0 0 rg BT 74.11 424.25 Td (Quick ) Tj ET Q q 0 0 0 rg BT 100.99 424.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 127.86 424.25 Td (was ) Tj ET Q q 0 0 0 rg BT 145.85 424.25 Td (asked ) Tj ET Q q 0 0 0 rg BT 171.06 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.28 424.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 215.37 424.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 227.25 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.90 424.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 274.89 424.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 304.00 424.25 Td (or ) Tj ET Q q 0 0 0 rg BT 314.77 424.25 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 347.76 424.25 Td (he ) Tj ET Q q 0 0 0 rg BT 359.64 424.25 Td (or ) Tj ET Q q 0 0 0 rg BT 370.41 424.25 Td (she ) Tj ET Q q 0 0 0 rg BT 386.18 424.25 Td (wished ) Tj ET Q q 0 0 0 rg BT 416.95 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.16 424.25 Td (use ) Tj ET Q q 0 0 0 rg BT 442.93 424.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.70 424.25 Td (search ) Tj ET Q q 0 0 0 rg BT 481.68 424.25 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 514.93 424.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 529.58 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 544.24 424.25 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.40 412.25 Td (he ) Tj ET Q q 0 0 0 rg BT 94.24 412.25 Td (or ) Tj ET Q q 0 0 0 rg BT 104.98 412.25 Td (she ) Tj ET Q q 0 0 0 rg BT 120.71 412.25 Td (wished ) Tj ET Q q 0 0 0 rg BT 151.44 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 161.63 412.25 Td (invest, ) Tj ET Q q 0 0 0 rg BT 190.42 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.26 412.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 224.66 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.28 412.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 271.68 412.25 Td (he ) Tj ET Q q 0 0 0 rg BT 283.52 412.25 Td (or ) Tj ET Q q 0 0 0 rg BT 294.25 412.25 Td (she ) Tj ET Q q 0 0 0 rg BT 309.99 412.25 Td (wished ) Tj ET Q q 0 0 0 rg BT 340.72 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.90 412.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 377.19 412.25 Td (per ) Tj ET Q q 0 0 0 rg BT 392.37 412.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 416.71 412.25 Td (Quick ) Tj ET Q q 0 0 0 rg BT 443.55 412.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 470.39 412.25 Td (then ) Tj ET Q q 0 0 0 rg BT 490.01 412.25 Td (compiled ) Tj ET Q q 0 0 0 rg BT 529.63 412.25 Td (a ) Tj ET Q q 0 0 0 rg BT 536.47 412.25 Td (basket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 400.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 86.66 400.25 Td (for ) Tj ET Q q 0 0 0 rg BT 100.82 400.25 Td (his ) Tj ET Q q 0 0 0 rg BT 114.99 400.25 Td (or ) Tj ET Q q 0 0 0 rg BT 125.82 400.25 Td (her ) Tj ET Q q 0 0 0 rg BT 141.09 400.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 197.46 400.25 Td (that ) Tj ET Q q 0 0 0 rg BT 214.96 400.25 Td (met ) Tj ET Q q 0 0 0 rg BT 232.45 400.25 Td (his ) Tj ET Q q 0 0 0 rg BT 246.62 400.25 Td (or ) Tj ET Q q 0 0 0 rg BT 257.45 400.25 Td (her ) Tj ET Q q 0 0 0 rg BT 272.72 400.25 Td (search ) Tj ET Q q 0 0 0 rg BT 300.76 400.25 Td (criteria.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.25 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 128.63 370.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 175.72 370.25 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 216.68 370.25 Td (known ) Tj ET Q q 0 0 0 rg BT 246.55 370.25 Td (as ) Tj ET Q q 0 0 0 rg BT 256.95 370.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 279.60 370.25 Td (Quick ) Tj ET Q q 0 0 0 rg BT 306.68 370.25 Td (Invest\) ) Tj ET Q q 0 0 0 rg BT 337.10 370.25 Td (is ) Tj ET Q q 0 0 0 rg BT 346.42 370.25 Td (an ) Tj ET Q q 0 0 0 rg BT 358.51 370.25 Td (automated ) Tj ET Q q 0 0 0 rg BT 402.81 370.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 422.67 370.25 Td (search ) Tj ET Q q 0 0 0 rg BT 450.86 370.25 Td (tool ) Tj ET Q q 0 0 0 rg BT 469.06 370.25 Td (that ) Tj ET Q q 0 0 0 rg BT 486.71 370.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 515.46 370.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 554.22 370.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (easily ) Tj ET Q q 0 0 0 rg BT 75.57 358.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 101.71 358.25 Td (in ) Tj ET Q q 0 0 0 rg BT 111.74 358.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 137.31 358.25 Td (that ) Tj ET Q q 0 0 0 rg BT 154.56 358.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 176.24 358.25 Td (their ) Tj ET Q q 0 0 0 rg BT 196.81 358.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 230.16 358.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 276.29 358.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 306.85 358.25 Td (by ) Tj ET Q q 0 0 0 rg BT 319.09 358.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 375.77 358.25 Td (bidding ) Tj ET Q q 0 0 0 rg BT 408.57 358.25 Td (any ) Tj ET Q q 0 0 0 rg BT 425.26 358.25 Td (available ) Tj ET Q q 0 0 0 rg BT 463.60 358.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 488.07 358.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.09 358.25 Td (their ) Tj ET Q q 0 0 0 rg BT 518.67 358.25 Td (account ) Tj ET Q q 0 0 0 rg BT 552.01 358.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.09 346.25 Td (that ) Tj ET Q q 0 0 0 rg BT 91.84 346.25 Td (match ) Tj ET Q q 0 0 0 rg BT 118.03 346.25 Td (their ) Tj ET Q q 0 0 0 rg BT 138.12 346.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 172.08 346.25 Td (parameters, ) Tj ET Q q 0 0 0 rg BT 220.20 346.25 Td (in ) Tj ET Q q 0 0 0 rg BT 229.73 346.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 276.45 346.25 Td (with ) Tj ET Q q 0 0 0 rg BT 295.99 346.25 Td (their ) Tj ET Q q 0 0 0 rg BT 316.07 346.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 353.92 346.25 Td (instructions. ) Tj ET Q q 0 0 0 rg BT 404.46 346.25 Td (An ) Tj ET Q q 0 0 0 rg BT 418.44 346.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 452.41 346.25 Td (using ) Tj ET Q q 0 0 0 rg BT 475.84 346.25 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 517.58 346.25 Td (Investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.75 334.25 Td (asked ) Tj ET Q q 0 0 0 rg BT 83.60 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.46 334.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 127.19 334.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 138.71 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.00 334.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 185.63 334.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 214.38 334.25 Td (or ) Tj ET Q q 0 0 0 rg BT 224.79 334.25 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 257.43 334.25 Td (he ) Tj ET Q q 0 0 0 rg BT 268.95 334.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.36 334.25 Td (she ) Tj ET Q q 0 0 0 rg BT 294.77 334.25 Td (wishes ) Tj ET Q q 0 0 0 rg BT 324.07 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.93 334.25 Td (use ) Tj ET Q q 0 0 0 rg BT 349.34 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 359.75 334.25 Td (search ) Tj ET Q q 0 0 0 rg BT 387.36 334.25 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 420.25 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.77 334.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 451.07 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.37 334.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 497.44 334.25 Td (he ) Tj ET Q q 0 0 0 rg BT 508.96 334.25 Td (or ) Tj ET Q q 0 0 0 rg BT 519.37 334.25 Td (she ) Tj ET Q q 0 0 0 rg BT 534.78 334.25 Td (wishes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.34 322.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 86.78 322.25 Td (per ) Tj ET Q q 0 0 0 rg BT 102.11 322.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 126.60 322.25 Td (If ) Tj ET Q q 0 0 0 rg BT 135.82 322.25 Td (he ) Tj ET Q q 0 0 0 rg BT 147.82 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 158.70 322.25 Td (she ) Tj ET Q q 0 0 0 rg BT 174.59 322.25 Td (wishes, ) Tj ET Q q 0 0 0 rg BT 206.87 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.65 322.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 256.42 322.25 Td (can ) Tj ET Q q 0 0 0 rg BT 272.85 322.25 Td (further ) Tj ET Q q 0 0 0 rg BT 302.62 322.25 Td (customize ) Tj ET Q q 0 0 0 rg BT 345.72 322.25 Td (his ) Tj ET Q q 0 0 0 rg BT 359.95 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 370.83 322.25 Td (her ) Tj ET Q q 0 0 0 rg BT 386.16 322.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 432.60 322.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 463.47 322.25 Td (by ) Tj ET Q q 0 0 0 rg BT 476.03 322.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 513.58 322.25 Td (one ) Tj ET Q q 0 0 0 rg BT 530.57 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 541.46 322.25 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.96 310.25 Td (several ) Tj ET Q q 0 0 0 rg BT 91.90 310.25 Td (dozen ) Tj ET Q q 0 0 0 rg BT 118.40 310.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 161.02 310.25 Td (search ) Tj ET Q q 0 0 0 rg BT 189.18 310.25 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 222.62 310.25 Td (such ) Tj ET Q q 0 0 0 rg BT 243.57 310.25 Td (as ) Tj ET Q q 0 0 0 rg BT 254.53 310.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 274.37 310.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 309.49 310.25 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 373.21 310.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 394.16 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.22 310.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 436.61 310.25 Td (score. ) Tj ET Q q 0 0 0 rg BT 462.65 310.25 Td (The ) Tj ET Q q 0 0 0 rg BT 480.82 310.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 515.66 310.25 Td (can ) Tj ET Q q 0 0 0 rg BT 532.17 310.25 Td (also ) Tj ET Q q 0 0 0 rg BT 550.90 310.25 Td (set ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (aside ) Tj ET Q q 0 0 0 rg BT 72.93 298.25 Td (a ) Tj ET Q q 0 0 0 rg BT 79.76 298.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 113.23 298.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 145.62 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.33 298.25 Td (his ) Tj ET Q q 0 0 0 rg BT 170.39 298.25 Td (or ) Tj ET Q q 0 0 0 rg BT 181.10 298.25 Td (her ) Tj ET Q q 0 0 0 rg BT 196.25 298.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 220.86 298.25 Td (as ) Tj ET Q q 0 0 0 rg BT 231.58 298.25 Td (a ) Tj ET Q q 0 0 0 rg BT 238.40 298.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 258.55 298.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 289.81 298.25 Td (that ) Tj ET Q q 0 0 0 rg BT 307.19 298.25 Td (will ) Tj ET Q q 0 0 0 rg BT 325.13 298.25 Td (not ) Tj ET Q q 0 0 0 rg BT 340.29 298.25 Td (be ) Tj ET Q q 0 0 0 rg BT 352.12 298.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 387.83 298.25 Td (by ) Tj ET Q q 0 0 0 rg BT 400.21 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.81 298.25 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 457.19 298.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 504.00 298.25 Td (tool. ) Tj ET Q q 0 0 0 rg BT 524.45 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 526.30 298.25 Td (After ) Tj ET Q q 0 0 0 rg BT 549.79 298.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 84.69 286.25 Td (has ) Tj ET Q q 0 0 0 rg BT 100.49 286.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 132.38 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.29 286.25 Td (saved ) Tj ET Q q 0 0 0 rg BT 174.53 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.21 286.25 Td (parameters ) Tj ET Q q 0 0 0 rg BT 235.54 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.34 286.25 Td (his ) Tj ET Q q 0 0 0 rg BT 260.48 286.25 Td (or ) Tj ET Q q 0 0 0 rg BT 271.28 286.25 Td (her ) Tj ET Q q 0 0 0 rg BT 286.52 286.25 Td (search, ) Tj ET Q q 0 0 0 rg BT 317.03 286.25 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 359.48 286.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 406.39 286.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 463.28 286.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 475.19 286.25 Td (runs ) Tj ET Q q 0 0 0 rg BT 494.88 286.25 Td (searches ) Tj ET Q q 0 0 0 rg BT 531.22 286.25 Td (on ) Tj ET Q q 0 0 0 rg BT 543.69 286.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 94.96 274.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 125.46 274.25 Td (as ) Tj ET Q q 0 0 0 rg BT 135.99 274.25 Td (new ) Tj ET Q q 0 0 0 rg BT 154.84 274.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 185.93 274.25 Td (are ) Tj ET Q q 0 0 0 rg BT 200.33 274.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 228.63 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 240.83 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.24 274.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 308.79 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.42 274.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 339.83 274.25 Td (places ) Tj ET Q q 0 0 0 rg BT 367.01 274.25 Td (bids ) Tj ET Q q 0 0 0 rg BT 385.88 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 398.07 274.25 Td (any ) Tj ET Q q 0 0 0 rg BT 414.70 274.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 440.23 274.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 480.74 274.25 Td (by ) Tj ET Q q 0 0 0 rg BT 492.93 274.25 Td (each ) Tj ET Q q 0 0 0 rg BT 513.44 274.25 Td (such ) Tj ET Q q 0 0 0 rg BT 533.97 274.25 Td (search. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (For ) Tj ET Q q 0 0 0 rg BT 65.94 262.25 Td (more ) Tj ET Q q 0 0 0 rg BT 88.53 262.25 Td (information ) Tj ET Q q 0 0 0 rg BT 137.79 262.25 Td (about ) Tj ET Q q 0 0 0 rg BT 162.05 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.31 262.25 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 218.34 262.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 264.82 262.25 Td (tool ) Tj ET Q q 0 0 0 rg BT 282.43 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.91 262.25 Td (how ) Tj ET Q q 0 0 0 rg BT 318.18 262.25 Td (it ) Tj ET Q q 0 0 0 rg BT 325.78 262.25 Td (works, ) Tj ET Q q 0 0 0 rg BT 354.77 262.25 Td (see ) Tj ET Q q 0 0 0 rg BT 369.58 262.25 Td ("About ) Tj ET Q q 0 0 0 rg BT 400.71 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.98 262.25 Td (Marketplace-How ) Tj ET Q q 0 0 0 rg BT 489.77 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.59 262.25 Td (Bid ) Tj ET Q q 0 0 0 rg BT 516.08 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.91 262.25 Td (Purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Notes-Recurring ) Tj ET Q q 0 0 0 rg BT 119.15 250.25 Td (Investment.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 220.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 108.20 220.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 134.83 220.25 Td (is ) Tj ET Q q 0 0 0 rg BT 143.70 220.25 Td (an ) Tj ET Q q 0 0 0 rg BT 155.33 220.25 Td (automated ) Tj ET Q q 0 0 0 rg BT 199.18 220.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 218.59 220.25 Td (search ) Tj ET Q q 0 0 0 rg BT 246.33 220.25 Td (tool ) Tj ET Q q 0 0 0 rg BT 264.08 220.25 Td (that ) Tj ET Q q 0 0 0 rg BT 281.27 220.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 309.01 220.25 Td (it ) Tj ET Q q 0 0 0 rg BT 316.77 220.25 Td (easier ) Tj ET Q q 0 0 0 rg BT 342.28 220.25 Td (for ) Tj ET Q q 0 0 0 rg BT 356.13 220.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 394.44 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 404.41 220.25 Td (build ) Tj ET Q q 0 0 0 rg BT 427.17 220.25 Td (their ) Tj ET Q q 0 0 0 rg BT 447.69 220.25 Td (desired ) Tj ET Q q 0 0 0 rg BT 478.76 220.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 515.95 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.48 220.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 552.00 220.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 106.21 208.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 144.65 208.25 Td (any ) Tj ET Q q 0 0 0 rg BT 160.87 208.25 Td (available ) Tj ET Q q 0 0 0 rg BT 198.75 208.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 222.75 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 232.31 208.25 Td (an ) Tj ET Q q 0 0 0 rg BT 243.53 208.25 Td (investor) Tj ET Q q 0 0 0 rg BT 276.12 208.25 Td () Tj ET Q q 0 0 0 rg BT 278.90 208.25 Td (s ) Tj ET Q q 0 0 0 rg BT 284.57 208.25 Td (account ) Tj ET Q q 0 0 0 rg BT 317.45 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 327.01 208.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 352.12 208.25 Td (that ) Tj ET Q q 0 0 0 rg BT 368.90 208.25 Td (match ) Tj ET Q q 0 0 0 rg BT 395.11 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.11 208.25 Td (investor) Tj ET Q q 0 0 0 rg BT 441.70 208.25 Td () Tj ET Q q 0 0 0 rg BT 444.48 208.25 Td (s ) Tj ET Q q 0 0 0 rg BT 450.15 208.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 488.03 208.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 533.69 208.25 Td (criteria ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.09 196.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 109.18 196.25 Td (tar) Tj ET Q q 0 0 0 rg BT 119.55 196.25 Td (gets. ) Tj ET Q q 0 0 0 rg BT 140.22 196.25 Td (An ) Tj ET Q q 0 0 0 rg BT 155.10 196.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 189.98 196.25 Td (using ) Tj ET Q q 0 0 0 rg BT 213.71 196.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 236.37 196.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 263.47 196.25 Td (is ) Tj ET Q q 0 0 0 rg BT 272.79 196.25 Td (asked ) Tj ET Q q 0 0 0 rg BT 298.22 196.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.65 196.25 Td (select ) Tj ET Q q 0 0 0 rg BT 334.07 196.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 346.17 196.25 Td (a ) Tj ET Q q 0 0 0 rg BT 353.26 196.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 373.13 196.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 415.22 196.25 Td (tar) Tj ET Q q 0 0 0 rg BT 425.58 196.25 Td (get, ) Tj ET Q q 0 0 0 rg BT 442.96 196.25 Td (or ) Tj ET Q q 0 0 0 rg BT 453.94 196.25 Td (a ) Tj ET Q q 0 0 0 rg BT 461.04 196.25 Td (tar) Tj ET Q q 0 0 0 rg BT 471.41 196.25 Td (get ) Tj ET Q q 0 0 0 rg BT 486.28 196.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 504.49 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.48 196.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 539.24 196.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.23 184.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 95.02 184.25 Td (Ratings, ) Tj ET Q q 0 0 0 rg BT 130.31 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.98 184.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 161.43 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.88 184.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 208.11 184.25 Td (he ) Tj ET Q q 0 0 0 rg BT 219.78 184.25 Td (or ) Tj ET Q q 0 0 0 rg BT 230.34 184.25 Td (she ) Tj ET Q q 0 0 0 rg BT 245.90 184.25 Td (wishes ) Tj ET Q q 0 0 0 rg BT 275.36 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 285.37 184.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 311.49 184.25 Td (per ) Tj ET Q q 0 0 0 rg BT 326.49 184.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 350.66 184.25 Td ( ) Tj ET Q q 0 0 0 rg BT 352.73 184.25 Td (The ) Tj ET Q q 0 0 0 rg BT 370.51 184.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 404.96 184.25 Td (has ) Tj ET Q q 0 0 0 rg BT 420.53 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.98 184.25 Td (option ) Tj ET Q q 0 0 0 rg BT 462.76 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.33 184.25 Td (selecting ) Tj ET Q q 0 0 0 rg BT 511.10 184.25 Td (a ) Tj ET Q q 0 0 0 rg BT 517.77 184.25 Td (tar) Tj ET Q q 0 0 0 rg BT 528.14 184.25 Td (get ) Tj ET Q q 0 0 0 rg BT 542.59 184.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (Prosper) Tj ET Q q 0 0 0 rg BT 80.92 172.25 Td () Tj ET Q q 0 0 0 rg BT 83.70 172.25 Td (s ) Tj ET Q q 0 0 0 rg BT 90.06 172.25 Td (series ) Tj ET Q q 0 0 0 rg BT 115.29 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.09 172.25 Td (preset ) Tj ET Q q 0 0 0 rg BT 152.43 172.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 172.11 172.25 Td (allocations ) Tj ET Q q 0 0 0 rg BT 217.89 172.25 Td (based ) Tj ET Q q 0 0 0 rg BT 243.13 172.25 Td (on ) Tj ET Q q 0 0 0 rg BT 255.59 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.27 172.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 297.16 172.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 336.84 172.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 356.52 172.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 397.31 172.25 Td (on ) Tj ET Q q 0 0 0 rg BT 409.78 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.46 172.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 478.28 172.25 Td (any ) Tj ET Q q 0 0 0 rg BT 495.18 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.98 172.25 Td (which ) Tj ET Q q 0 0 0 rg BT 532.88 172.25 Td (may ) Tj ET Q q 0 0 0 rg BT 552.56 172.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (customized ) Tj ET Q q 0 0 0 rg BT 97.76 160.25 Td (by ) Tj ET Q q 0 0 0 rg BT 109.97 160.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 148.84 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.28 160.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 206.04 160.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 247.69 160.25 Td (tar) Tj ET Q q 0 0 0 rg BT 258.06 160.25 Td (gets ) Tj ET Q q 0 0 0 rg BT 276.38 160.25 Td (for ) Tj ET Q q 0 0 0 rg BT 290.26 160.25 Td (each ) Tj ET Q q 0 0 0 rg BT 310.79 160.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 343.55 160.25 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 374.94 160.25 Td (or ) Tj ET Q q 0 0 0 rg BT 385.48 160.25 Td (he ) Tj ET Q q 0 0 0 rg BT 397.14 160.25 Td (or ) Tj ET Q q 0 0 0 rg BT 407.68 160.25 Td (she ) Tj ET Q q 0 0 0 rg BT 423.23 160.25 Td (can ) Tj ET Q q 0 0 0 rg BT 439.32 160.25 Td (create ) Tj ET Q q 0 0 0 rg BT 465.40 160.25 Td (a ) Tj ET Q q 0 0 0 rg BT 472.05 160.25 Td (custom ) Tj ET Q q 0 0 0 rg BT 503.16 160.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 522.59 160.25 Td (allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 148.25 Td (get ) Tj ET Q q 0 0 0 rg BT 75.27 148.25 Td (across ) Tj ET Q q 0 0 0 rg BT 102.94 148.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 136.17 148.25 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 169.41 148.25 Td (based ) Tj ET Q q 0 0 0 rg BT 194.86 148.25 Td (on ) Tj ET Q q 0 0 0 rg BT 207.54 148.25 Td (his ) Tj ET Q q 0 0 0 rg BT 221.90 148.25 Td (or ) Tj ET Q q 0 0 0 rg BT 232.91 148.25 Td (her ) Tj ET Q q 0 0 0 rg BT 248.36 148.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 282.13 148.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 299.82 148.25 Td (tolerance. ) Tj ET Q q 0 0 0 rg BT 341.64 148.25 Td ( ) Tj ET Q q 0 0 0 rg BT 344.32 148.25 Td (If ) Tj ET Q q 0 0 0 rg BT 353.66 148.25 Td (he ) Tj ET Q q 0 0 0 rg BT 365.78 148.25 Td (or ) Tj ET Q q 0 0 0 rg BT 376.80 148.25 Td (she ) Tj ET Q q 0 0 0 rg BT 392.81 148.25 Td (wishes, ) Tj ET Q q 0 0 0 rg BT 425.21 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.11 148.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 475.01 148.25 Td (can ) Tj ET Q q 0 0 0 rg BT 491.57 148.25 Td (further ) Tj ET Q q 0 0 0 rg BT 521.46 148.25 Td (customize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (his ) Tj ET Q q 0 0 0 rg BT 64.32 136.25 Td (or ) Tj ET Q q 0 0 0 rg BT 75.30 136.25 Td (her ) Tj ET Q q 0 0 0 rg BT 90.72 136.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 137.25 136.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 168.21 136.25 Td (by ) Tj ET Q q 0 0 0 rg BT 180.86 136.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 218.51 136.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 261.15 136.25 Td (filters, ) Tj ET Q q 0 0 0 rg BT 289.63 136.25 Td (such ) Tj ET Q q 0 0 0 rg BT 310.61 136.25 Td (as ) Tj ET Q q 0 0 0 rg BT 321.59 136.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 341.45 136.25 Td (term ) Tj ET Q q 0 0 0 rg BT 362.43 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.52 136.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 432.16 136.25 Td (status. ) Tj ET Q q 0 0 0 rg BT 460.09 136.25 Td ( ) Tj ET Q q 0 0 0 rg BT 462.55 136.25 Td (The ) Tj ET Q q 0 0 0 rg BT 480.74 136.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 515.61 136.25 Td (can ) Tj ET Q q 0 0 0 rg BT 532.14 136.25 Td (also ) Tj ET Q q 0 0 0 rg BT 550.90 136.25 Td (set ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (aside ) Tj ET Q q 0 0 0 rg BT 73.34 124.25 Td (a ) Tj ET Q q 0 0 0 rg BT 80.56 124.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 126.65 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.77 124.25 Td (his ) Tj ET Q q 0 0 0 rg BT 152.23 124.25 Td (or ) Tj ET Q q 0 0 0 rg BT 163.35 124.25 Td (her ) Tj ET Q q 0 0 0 rg BT 178.91 124.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 216.70 124.25 Td (as ) Tj ET Q q 0 0 0 rg BT 227.82 124.25 Td (a ) Tj ET Q q 0 0 0 rg BT 235.04 124.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 255.60 124.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 287.26 124.25 Td (that ) Tj ET Q q 0 0 0 rg BT 305.04 124.25 Td (will ) Tj ET Q q 0 0 0 rg BT 323.39 124.25 Td (not ) Tj ET Q q 0 0 0 rg BT 338.96 124.25 Td (be ) Tj ET Q q 0 0 0 rg BT 351.19 124.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 387.30 124.25 Td (by ) Tj ET Q q 0 0 0 rg BT 399.47 124.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 422.26 124.25 Td (Invest. ) Tj ET Q q 0 0 0 rg BT 451.99 124.25 Td ( ) Tj ET Q q 0 0 0 rg BT 454.78 124.25 Td (Investors ) Tj ET Q q 0 0 0 rg BT 494.23 124.25 Td (may ) Tj ET Q q 0 0 0 rg BT 514.24 124.25 Td (update ) Tj ET Q q 0 0 0 rg BT 543.68 124.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 112.25 Td (get ) Tj ET Q q 0 0 0 rg BT 75.43 112.25 Td (allocations, ) Tj ET Q q 0 0 0 rg BT 124.09 112.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 144.70 112.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 176.42 112.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.70 112.25 Td (other ) Tj ET Q q 0 0 0 rg BT 217.09 112.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 263.82 112.25 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 297.47 112.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.75 112.25 Td (pause ) Tj ET Q q 0 0 0 rg BT 340.37 112.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.65 112.25 Td (restart ) Tj ET Q q 0 0 0 rg BT 384.85 112.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 407.69 112.25 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 437.48 112.25 Td (at ) Tj ET Q q 0 0 0 rg BT 447.54 112.25 Td (any ) Tj ET Q q 0 0 0 rg BT 464.82 112.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 487.94 112.25 Td ( ) Tj ET Q q 0 0 0 rg BT 490.78 112.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 514.73 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.79 112.25 Td (investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (turns ) Tj ET Q q 0 0 0 rg BT 72.08 100.25 Td (on ) Tj ET Q q 0 0 0 rg BT 83.70 100.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 105.78 100.25 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 134.80 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.10 100.25 Td (tool ) Tj ET Q q 0 0 0 rg BT 166.73 100.25 Td (may ) Tj ET Q q 0 0 0 rg BT 186.03 100.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 238.10 100.25 Td (begin ) Tj ET Q q 0 0 0 rg BT 262.39 100.25 Td (placing ) Tj ET Q q 0 0 0 rg BT 293.91 100.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 320.98 100.25 Td (for ) Tj ET Q q 0 0 0 rg BT 334.72 100.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 360.13 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.99 100.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 417.03 100.25 Td (with ) Tj ET Q q 0 0 0 rg BT 436.88 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.18 100.25 Td (investor) Tj ET Q q 0 0 0 rg BT 483.77 100.25 Td () Tj ET Q q 0 0 0 rg BT 486.55 100.25 Td (s ) Tj ET Q q 0 0 0 rg BT 492.52 100.25 Td (current ) Tj ET Q q 0 0 0 rg BT 522.92 100.25 Td (and ) Tj ET Q q 0 0 0 rg BT 539.43 100.25 Td (tar) Tj ET Q q 0 0 0 rg BT 549.80 100.25 Td (get ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (allocations ) Tj ET Q q 0 0 0 rg BT 96.25 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.61 88.25 Td (other ) Tj ET Q q 0 0 0 rg BT 137.09 88.25 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 170.61 88.25 Td (The ) Tj ET Q q 0 0 0 rg BT 189.09 88.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 207.57 88.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.83 88.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 245.09 88.25 Td (in ) Tj ET Q q 0 0 0 rg BT 255.79 88.25 Td (any ) Tj ET Q q 0 0 0 rg BT 273.16 88.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 314.40 88.25 Td (order ) Tj ET Q q 0 0 0 rg BT 338.42 88.25 Td (may ) Tj ET Q q 0 0 0 rg BT 358.57 88.25 Td (not ) Tj ET Q q 0 0 0 rg BT 374.27 88.25 Td (match ) Tj ET Q q 0 0 0 rg BT 401.63 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.78 88.25 Td (investor) Tj ET Q q 0 0 0 rg BT 449.36 88.25 Td () Tj ET Q q 0 0 0 rg BT 452.14 88.25 Td (s ) Tj ET Q q 0 0 0 rg BT 458.96 88.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 502.44 88.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 522.58 88.25 Td (allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 76.25 Td (gets, ) Tj ET Q q 0 0 0 rg BT 81.46 76.25 Td (but ) Tj ET Q q 0 0 0 rg BT 96.72 76.25 Td (over ) Tj ET Q q 0 0 0 rg BT 116.98 76.25 Td (time ) Tj ET Q q 0 0 0 rg BT 136.69 76.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 159.17 76.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 186.10 76.25 Td (will ) Tj ET Q q 0 0 0 rg BT 204.14 76.25 Td (place ) Tj ET Q q 0 0 0 rg BT 227.72 76.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 255.19 76.25 Td (so ) Tj ET Q q 0 0 0 rg BT 266.57 76.25 Td (that ) Tj ET Q q 0 0 0 rg BT 284.05 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.75 76.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 340.10 76.25 Td (holdings ) Tj ET Q q 0 0 0 rg BT 377.03 76.25 Td (in ) Tj ET Q q 0 0 0 rg BT 387.30 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 402.00 76.25 Td (investor) Tj ET Q q 0 0 0 rg BT 434.59 76.25 Td () Tj ET Q q 0 0 0 rg BT 437.37 76.25 Td (s ) Tj ET Q q 0 0 0 rg BT 443.74 76.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 481.22 76.25 Td (will ) Tj ET Q q 0 0 0 rg BT 499.27 76.25 Td (approximate, ) Tj ET Q q 0 0 0 rg BT 554.23 76.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.46 64.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 91.13 64.25 Td (possible, ) Tj ET Q q 0 0 0 rg BT 128.65 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.11 64.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 184.78 64.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 223.12 64.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.13 64.25 Td (his ) Tj ET Q q 0 0 0 rg BT 247.05 64.25 Td (or ) Tj ET Q q 0 0 0 rg BT 257.62 64.25 Td (her ) Tj ET Q q 0 0 0 rg BT 272.63 64.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 318.75 64.25 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 351.80 64.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.04 64.25 Td (For ) Tj ET Q q 0 0 0 rg BT 370.18 64.25 Td (more ) Tj ET Q q 0 0 0 rg BT 392.96 64.25 Td (information ) Tj ET Q q 0 0 0 rg BT 442.42 64.25 Td (about ) Tj ET Q q 0 0 0 rg BT 466.88 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.84 64.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 503.08 64.25 Td (Invest ) Tj ET Q q 0 0 0 rg BT 529.76 64.25 Td (tool ) Tj ET Q q 0 0 0 rg BT 547.56 64.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (how ) Tj ET Q q 0 0 0 rg BT 69.72 52.25 Td (it ) Tj ET Q q 0 0 0 rg BT 77.78 52.25 Td (works, ) Tj ET Q q 0 0 0 rg BT 107.22 52.25 Td (see ) Tj ET Q q 0 0 0 rg BT 122.49 52.25 Td ("About ) Tj ET Q q 0 0 0 rg BT 154.07 52.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.79 52.25 Td (Marketplace-How ) Tj ET Q q 0 0 0 rg BT 244.03 52.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.31 52.25 Td (Bid ) Tj ET Q q 0 0 0 rg BT 271.26 52.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.54 52.25 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 320.14 52.25 Td (Notes-Auto ) Tj ET Q q 0 0 0 rg BT 369.30 52.25 Td (Invest.") Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 727.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 110.29 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.58 727.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 149.98 727.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 192.59 727.10 Td (through ) Tj ET Q q 0 0 0 rg BT 225.77 727.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 267.83 727.10 Td (Investment, ) Tj ET Q q 0 0 0 rg BT 316.37 727.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 338.44 727.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 364.96 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.47 727.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 407.98 727.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 434.49 727.10 Td (are ) Tj ET Q q 0 0 0 rg BT 448.76 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.05 727.10 Td (same ) Tj ET Q q 0 0 0 rg BT 485.67 727.10 Td (as ) Tj ET Q q 0 0 0 rg BT 496.07 727.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 521.48 727.10 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (manually) Tj ET Q q 0 0 0 rg BT 86.56 715.10 Td (, ) Tj ET Q q 0 0 0 rg BT 91.39 715.10 Td (they ) Tj ET Q q 0 0 0 rg BT 110.93 715.10 Td (present ) Tj ET Q q 0 0 0 rg BT 142.14 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.68 715.10 Td (same ) Tj ET Q q 0 0 0 rg BT 179.55 715.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 200.77 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.43 715.10 Td (non-payment ) Tj ET Q q 0 0 0 rg BT 266.52 715.10 Td (as ) Tj ET Q q 0 0 0 rg BT 277.18 715.10 Td (all ) Tj ET Q q 0 0 0 rg BT 289.50 715.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 315.15 715.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.48 715.10 Td (may ) Tj ET Q q 0 0 0 rg BT 352.02 715.10 Td (be ) Tj ET Q q 0 0 0 rg BT 363.78 715.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 406.65 715.10 Td (through ) Tj ET Q q 0 0 0 rg BT 440.08 715.10 Td (our ) Tj ET Q q 0 0 0 rg BT 455.74 715.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 509.42 715.10 Td (For ) Tj ET Q q 0 0 0 rg BT 525.64 715.10 Td (example, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (there ) Tj ET Q q 0 0 0 rg BT 72.07 703.10 Td (is ) Tj ET Q q 0 0 0 rg BT 80.82 703.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.34 703.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 104.42 703.10 Td (that ) Tj ET Q q 0 0 0 rg BT 121.50 703.10 Td (a ) Tj ET Q q 0 0 0 rg BT 128.02 703.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 168.42 703.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 191.05 703.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 231.45 703.10 Td (through ) Tj ET Q q 0 0 0 rg BT 264.64 703.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 306.71 703.10 Td (Investment, ) Tj ET Q q 0 0 0 rg BT 355.26 703.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 377.34 703.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 403.86 703.10 Td (or ) Tj ET Q q 0 0 0 rg BT 414.27 703.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 440.79 703.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 467.31 703.10 Td (may ) Tj ET Q q 0 0 0 rg BT 486.61 703.10 Td (become ) Tj ET Q q 0 0 0 rg BT 519.79 703.10 Td (delinquent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.82 691.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 93.57 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.50 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.20 691.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 166.01 691.10 Td (return ) Tj ET Q q 0 0 0 rg BT 192.37 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.30 691.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 250.11 691.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 268.16 691.10 Td (for ) Tj ET Q q 0 0 0 rg BT 282.30 691.10 Td (that ) Tj ET Q q 0 0 0 rg BT 299.79 691.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 319.49 691.10 Td (individually) Tj ET Q q 0 0 0 rg BT 367.17 691.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.16 691.10 Td (or ) Tj ET Q q 0 0 0 rg BT 382.98 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.68 691.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 438.49 691.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 456.54 691.10 Td (or ) Tj ET Q q 0 0 0 rg BT 467.36 691.10 Td (return ) Tj ET Q q 0 0 0 rg BT 493.72 691.10 Td (for ) Tj ET Q q 0 0 0 rg BT 507.87 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.58 691.10 Td (allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 679.10 Td (get ) Tj ET Q q 0 0 0 rg BT 74.45 679.10 Td (or ) Tj ET Q q 0 0 0 rg BT 84.65 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.74 679.10 Td (order ) Tj ET Q q 0 0 0 rg BT 121.71 679.10 Td (or ) Tj ET Q q 0 0 0 rg BT 131.90 679.10 Td (basket ) Tj ET Q q 0 0 0 rg BT 159.32 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.52 679.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 194.72 679.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 228.79 679.10 Td (by ) Tj ET Q q 0 0 0 rg BT 240.66 679.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 282.51 679.10 Td (Investment, ) Tj ET Q q 0 0 0 rg BT 330.90 679.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 352.77 679.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 379.08 679.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.28 679.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 415.59 679.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 441.90 679.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.09 679.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.40 679.10 Td (whole, ) Tj ET Q q 0 0 0 rg BT 487.21 679.10 Td (may ) Tj ET Q q 0 0 0 rg BT 506.30 679.10 Td (not ) Tj ET Q q 0 0 0 rg BT 520.94 679.10 Td (accurately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 77.76 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.21 667.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 118.31 667.10 Td (return ) Tj ET Q q 0 0 0 rg BT 144.41 667.10 Td (or ) Tj ET Q q 0 0 0 rg BT 154.97 667.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 172.76 667.10 Td (on ) Tj ET Q q 0 0 0 rg BT 184.99 667.10 Td (such ) Tj ET Q q 0 0 0 rg BT 205.55 667.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 227.50 667.10 Td (If ) Tj ET Q q 0 0 0 rg BT 236.39 667.10 Td (this ) Tj ET Q q 0 0 0 rg BT 253.06 667.10 Td (were ) Tj ET Q q 0 0 0 rg BT 274.72 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.73 667.10 Td (occur) Tj ET Q q 0 0 0 rg BT 306.54 667.10 Td (, ) Tj ET Q q 0 0 0 rg BT 311.26 667.10 Td (an ) Tj ET Q q 0 0 0 rg BT 322.93 667.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 357.38 667.10 Td (who ) Tj ET Q q 0 0 0 rg BT 376.83 667.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 419.59 667.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.26 667.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 447.93 667.10 Td (from ) Tj ET Q q 0 0 0 rg BT 469.60 667.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 486.46 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.69 667.10 Td (through ) Tj ET Q q 0 0 0 rg BT 522.02 667.10 Td (Recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (Investment, ) Tj ET Q q 0 0 0 rg BT 99.25 655.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 122.22 655.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 149.62 655.10 Td (or ) Tj ET Q q 0 0 0 rg BT 160.92 655.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 188.33 655.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 215.74 655.10 Td (could ) Tj ET Q q 0 0 0 rg BT 240.92 655.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 270.55 655.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.96 655.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 303.14 655.10 Td (against ) Tj ET Q q 0 0 0 rg BT 334.43 655.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 351.29 655.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.26 655.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.01 655.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 411.85 655.10 Td (with ) Tj ET Q q 0 0 0 rg BT 432.60 655.10 Td (its ) Tj ET Q q 0 0 0 rg BT 445.01 655.10 Td (representations ) Tj ET Q q 0 0 0 rg BT 508.51 655.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 549.80 655.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.25 643.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.31 643.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.25 643.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 166.30 643.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 192.47 643.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 206.98 643.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 228.71 643.10 Td (through ) Tj ET Q q 0 0 0 rg BT 261.54 643.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 303.26 643.10 Td (Investment, ) Tj ET Q q 0 0 0 rg BT 351.54 643.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 373.27 643.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 399.43 643.10 Td (or ) Tj ET Q q 0 0 0 rg BT 409.49 643.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 435.66 643.10 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 464.33 643.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 511.99 643.10 Td (. ) Tj ET Q q 0 0 0 rg BT 515.83 643.10 Td (An ) Tj ET Q q 0 0 0 rg BT 529.78 643.10 Td (investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 631.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 103.88 631.10 Td (such ) Tj ET Q q 0 0 0 rg BT 124.71 631.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.65 631.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 156.36 631.10 Td (under ) Tj ET Q q 0 0 0 rg BT 181.63 631.10 Td (various ) Tj ET Q q 0 0 0 rg BT 213.56 631.10 Td (anti-fraud ) Tj ET Q q 0 0 0 rg BT 255.49 631.10 Td (theories ) Tj ET Q q 0 0 0 rg BT 289.64 631.10 Td (under ) Tj ET Q q 0 0 0 rg BT 314.91 631.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 345.17 631.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.10 631.10 Td (state ) Tj ET Q q 0 0 0 rg BT 382.93 631.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 423.19 631.10 Td (law) Tj ET Q q 0 0 0 rg BT 436.98 631.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 601.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.63 601.10 Td (may ) Tj ET Q q 0 0 0 rg BT 83.89 601.10 Td (face ) Tj ET Q q 0 0 0 rg BT 103.14 601.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 136.29 601.10 Td (under ) Tj ET Q q 0 0 0 rg BT 162.79 601.10 Td (state ) Tj ET Q q 0 0 0 rg BT 183.72 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.33 601.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 232.25 601.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 273.18 601.10 Td (law ) Tj ET Q q 0 0 0 rg BT 289.67 601.10 Td (for ) Tj ET Q q 0 0 0 rg BT 303.93 601.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 349.31 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.69 601.10 Td (this ) Tj ET Q q 0 0 0 rg BT 376.75 601.10 Td (Prospectus ) Tj ET Q q 0 0 0 rg BT 423.79 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.40 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.78 601.10 Td (other ) Tj ET Q q 0 0 0 rg BT 475.49 601.10 Td (communications ) Tj ET Q q 0 0 0 rg BT 545.88 601.10 Td (that ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (could ) Tj ET Q q 0 0 0 rg BT 75.28 589.10 Td (be ) Tj ET Q q 0 0 0 rg BT 87.22 589.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 120.81 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.09 589.10 Td (be ) Tj ET Q q 0 0 0 rg BT 143.03 589.10 Td (an ) Tj ET Q q 0 0 0 rg BT 156.09 589.10 Td (of) Tj ET Q q 0 0 0 rg BT 164.24 589.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 178.40 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.68 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.96 589.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 231.45 589.10 Td (that ) Tj ET Q q 0 0 0 rg BT 250.07 589.10 Td (such ) Tj ET Q q 0 0 0 rg BT 272.02 589.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 317.86 589.10 Td (are ) Tj ET Q q 0 0 0 rg BT 333.69 589.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 367.28 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.56 589.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.50 589.10 Td (false ) Tj ET Q q 0 0 0 rg BT 411.44 589.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.83 589.10 Td (misleading.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 559.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 107.88 559.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 138.12 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.90 559.10 Td (other ) Tj ET Q q 0 0 0 rg BT 175.78 559.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 213.77 559.10 Td (information ) Tj ET Q q 0 0 0 rg BT 262.32 559.10 Td (available ) Tj ET Q q 0 0 0 rg BT 299.75 559.10 Td (on ) Tj ET Q q 0 0 0 rg BT 311.08 559.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 335.35 559.10 Td (website ) Tj ET Q q 0 0 0 rg BT 367.23 559.10 Td (as ) Tj ET Q q 0 0 0 rg BT 376.90 559.10 Td (well ) Tj ET Q q 0 0 0 rg BT 395.45 559.10 Td (as ) Tj ET Q q 0 0 0 rg BT 405.12 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.24 559.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 435.01 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.79 559.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 477.13 559.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 506.24 559.10 Td (are ) Tj ET Q q 0 0 0 rg BT 519.78 559.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (made ) Tj ET Q q 0 0 0 rg BT 74.30 547.10 Td (in ) Tj ET Q q 0 0 0 rg BT 84.72 547.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 131.24 547.10 Td (with ) Tj ET Q q 0 0 0 rg BT 151.67 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.53 547.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 204.71 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.79 547.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 239.99 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.96 547.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 291.37 547.10 Td (that ) Tj ET Q q 0 0 0 rg BT 309.01 547.10 Td (are ) Tj ET Q q 0 0 0 rg BT 323.87 547.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 354.84 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.26 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.12 547.10 Td (antifraud ) Tj ET Q q 0 0 0 rg BT 418.86 547.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 463.18 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.15 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.01 547.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 530.50 547.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 547.58 547.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.64 535.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 105.96 535.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 125.31 535.10 Td (In ) Tj ET Q q 0 0 0 rg BT 136.06 535.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 170.41 535.10 Td (these ) Tj ET Q q 0 0 0 rg BT 193.37 535.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 226.90 535.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 270.99 535.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 303.96 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.81 535.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 352.10 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.85 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.49 535.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 403.24 535.10 Td (with ) Tj ET Q q 0 0 0 rg BT 423.43 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.29 535.10 Td (right ) Tj ET Q q 0 0 0 rg BT 451.60 535.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.79 535.10 Td (bring ) Tj ET Q q 0 0 0 rg BT 485.32 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 492.18 535.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 516.81 535.10 Td (against ) Tj ET Q q 0 0 0 rg BT 547.56 535.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.94 523.10 Td (both ) Tj ET Q q 0 0 0 rg BT 81.33 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.27 523.10 Td (us ) Tj ET Q q 0 0 0 rg BT 103.77 523.10 Td (for ) Tj ET Q q 0 0 0 rg BT 118.03 523.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 155.63 523.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 185.45 523.10 Td (from ) Tj ET Q q 0 0 0 rg BT 207.50 523.10 Td (any ) Tj ET Q q 0 0 0 rg BT 224.55 523.10 Td (untrue ) Tj ET Q q 0 0 0 rg BT 252.71 523.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 293.63 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.57 523.10 Td (material ) Tj ET Q q 0 0 0 rg BT 339.94 523.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 357.54 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 368.47 523.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 397.18 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.56 523.10 Td (state ) Tj ET Q q 0 0 0 rg BT 428.50 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 435.55 523.10 Td (material ) Tj ET Q q 0 0 0 rg BT 470.91 523.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 488.51 523.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 529.98 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.37 523.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (any ) Tj ET Q q 0 0 0 rg BT 67.22 511.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 112.21 511.10 Td (made ) Tj ET Q q 0 0 0 rg BT 136.64 511.10 Td (not ) Tj ET Q q 0 0 0 rg BT 152.19 511.10 Td (misleading. ) Tj ET Q q 0 0 0 rg BT 201.35 511.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 224.68 511.10 Td (though ) Tj ET Q q 0 0 0 rg BT 255.23 511.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 272.09 511.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.87 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.09 511.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 312.65 511.10 Td (have ) Tj ET Q q 0 0 0 rg BT 334.30 511.10 Td (advised ) Tj ET Q q 0 0 0 rg BT 367.63 511.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 406.51 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.62 511.10 Td (what ) Tj ET Q q 0 0 0 rg BT 439.83 511.10 Td (they ) Tj ET Q q 0 0 0 rg BT 459.83 511.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 491.48 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.03 511.10 Td (be ) Tj ET Q q 0 0 0 rg BT 514.25 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.24 511.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 71.36 499.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 114.92 499.10 Td (with ) Tj ET Q q 0 0 0 rg BT 135.17 499.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.08 499.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 193.43 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 203.68 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.37 499.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 244.17 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.08 499.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 281.33 499.10 Td (management ) Tj ET Q q 0 0 0 rg BT 334.89 499.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 362.63 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.32 499.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 398.13 499.10 Td (or ) Tj ET Q q 0 0 0 rg BT 408.93 499.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.84 499.10 Td (court ) Tj ET Q q 0 0 0 rg BT 438.86 499.10 Td (could ) Tj ET Q q 0 0 0 rg BT 463.54 499.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 505.99 499.10 Td (that ) Tj ET Q q 0 0 0 rg BT 523.46 499.10 Td (they ) Tj ET Q q 0 0 0 rg BT 543.14 499.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.15 487.10 Td (advised ) Tj ET Q q 0 0 0 rg BT 98.07 487.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 136.55 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.25 487.10 Td (all ) Tj ET Q q 0 0 0 rg BT 159.61 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.31 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.90 487.10 Td (material ) Tj ET Q q 0 0 0 rg BT 220.03 487.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 241.28 487.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 281.96 487.10 Td (an ) Tj ET Q q 0 0 0 rg BT 293.77 487.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 340.02 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.17 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.76 487.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 390.46 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.27 487.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 427.42 487.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 482.00 487.10 Td (Rights, ) Tj ET Q q 0 0 0 rg BT 512.99 487.10 Td (which ) Tj ET Q q 0 0 0 rg BT 539.79 487.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (give ) Tj ET Q q 0 0 0 rg BT 69.65 475.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 108.19 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.84 475.10 Td (right ) Tj ET Q q 0 0 0 rg BT 144.16 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.37 475.10 Td (rescind ) Tj ET Q q 0 0 0 rg BT 185.68 475.10 Td (their ) Tj ET Q q 0 0 0 rg BT 206.44 475.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 252.76 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.63 475.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 297.06 475.10 Td (damages, ) Tj ET Q q 0 0 0 rg BT 336.97 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.85 475.10 Td (could ) Tj ET Q q 0 0 0 rg BT 378.50 475.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 409.25 475.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 426.11 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.55 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.42 475.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 465.64 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.85 475.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 496.05 475.10 Td (fines ) Tj ET Q q 0 0 0 rg BT 517.92 475.10 Td (or ) Tj ET Q q 0 0 0 rg BT 528.69 475.10 Td (criminal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 88.04 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.32 463.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 133.59 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.87 463.10 Td (any ) Tj ET Q q 0 0 0 rg BT 160.81 463.10 Td (such ) Tj ET Q q 0 0 0 rg BT 181.64 463.10 Td (rescission ) Tj ET Q q 0 0 0 rg BT 223.58 463.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 248.86 463.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.69 463.10 Td (damages.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 71.20 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.07 433.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 116.93 433.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 155.33 433.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.98 433.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 213.84 433.10 Td (with ) Tj ET Q q 0 0 0 rg BT 233.94 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.02 433.10 Td (of) Tj ET Q q 0 0 0 rg BT 257.17 433.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 271.14 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.00 433.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 307.42 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.05 433.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 359.25 433.10 Td (through ) Tj ET Q q 0 0 0 rg BT 394.91 433.10 Td (our ) Tj ET Q q 0 0 0 rg BT 411.67 433.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 464.52 433.10 Td (could ) Tj ET Q q 0 0 0 rg BT 489.60 433.10 Td (result ) Tj ET Q q 0 0 0 rg BT 515.25 433.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.89 433.10 Td (potential ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 92.50 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.33 421.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 134.71 421.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 176.10 421.10 Td (law ) Tj ET Q q 0 0 0 rg BT 193.05 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.11 421.10 Td (result ) Tj ET Q q 0 0 0 rg BT 236.95 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.79 421.10 Td (material ) Tj ET Q q 0 0 0 rg BT 284.73 421.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 318.34 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.62 421.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 347.13 421.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.63 421.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 379.37 421.10 Td (PMI.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 391.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 391.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.18 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.95 391.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 147.75 391.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 190.60 391.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 235.15 391.10 Td (are ) Tj ET Q q 0 0 0 rg BT 249.68 391.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 280.32 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.43 391.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 320.50 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.26 391.10 Td (state ) Tj ET Q q 0 0 0 rg BT 357.91 391.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 398.00 391.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 418.65 391.10 Td (that ) Tj ET Q q 0 0 0 rg BT 435.97 391.10 Td (may ) Tj ET Q q 0 0 0 rg BT 455.51 391.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 476.73 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.27 391.10 Td (kinds ) Tj ET Q q 0 0 0 rg BT 515.26 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.91 391.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.22 379.10 Td (which ) Tj ET Q q 0 0 0 rg BT 87.09 379.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 103.95 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.39 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.27 379.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 143.49 379.10 Td (may ) Tj ET Q q 0 0 0 rg BT 163.14 379.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 193.90 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.77 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.43 379.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 257.85 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.07 379.10 Td (which ) Tj ET Q q 0 0 0 rg BT 294.94 379.10 Td (they ) Tj ET Q q 0 0 0 rg BT 314.60 379.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 345.35 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.57 379.10 Td (such ) Tj ET Q q 0 0 0 rg BT 376.34 379.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 417.37 379.10 Td (For ) Tj ET Q q 0 0 0 rg BT 433.70 379.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 472.51 379.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 507.16 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.37 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.03 379.10 Td (manner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.25 367.10 Td (which ) Tj ET Q q 0 0 0 rg BT 87.16 367.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 104.02 367.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.49 367.10 Td (of) Tj ET Q q 0 0 0 rg BT 114.64 367.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 132.10 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.01 367.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 169.26 367.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 195.06 367.10 Td (or ) Tj ET Q q 0 0 0 rg BT 205.86 367.10 Td (other ) Tj ET Q q 0 0 0 rg BT 228.88 367.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 269.11 367.10 Td (through ) Tj ET Q q 0 0 0 rg BT 302.69 367.10 Td (our ) Tj ET Q q 0 0 0 rg BT 318.49 367.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 369.82 367.10 Td (could ) Tj ET Q q 0 0 0 rg BT 394.51 367.10 Td (be ) Tj ET Q q 0 0 0 rg BT 406.42 367.10 Td (viewed ) Tj ET Q q 0 0 0 rg BT 437.76 367.10 Td (by ) Tj ET Q q 0 0 0 rg BT 450.23 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.92 367.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 485.73 367.10 Td (or ) Tj ET Q q 0 0 0 rg BT 496.53 367.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.44 367.10 Td (state ) Tj ET Q q 0 0 0 rg BT 524.24 367.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (regulator ) Tj ET Q q 0 0 0 rg BT 89.66 355.10 Td (as ) Tj ET Q q 0 0 0 rg BT 101.56 355.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 143.46 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.25 355.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 195.02 355.10 Td (or ) Tj ET Q q 0 0 0 rg BT 206.92 355.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 226.03 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.93 355.10 Td (new) Tj ET Q q 0 0 0 rg BT 253.94 355.10 Td (, ) Tj ET Q q 0 0 0 rg BT 260.01 355.10 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 313.00 355.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 356.83 355.10 Td (In ) Tj ET Q q 0 0 0 rg BT 368.73 355.10 Td (such ) Tj ET Q q 0 0 0 rg BT 390.63 355.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 453.34 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.13 355.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 498.79 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.13 355.10 Td (register ) Tj ET Q q 0 0 0 rg BT 543.69 355.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 89.91 343.10 Td (could ) Tj ET Q q 0 0 0 rg BT 114.28 343.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 144.75 343.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 161.61 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.76 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.69 343.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 206.94 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.53 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.90 343.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 270.04 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.52 343.10 Td (such ) Tj ET Q q 0 0 0 rg BT 301.00 343.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 334.25 343.10 Td (could ) Tj ET Q q 0 0 0 rg BT 358.62 343.10 Td (be ) Tj ET Q q 0 0 0 rg BT 370.21 343.10 Td (meaningful. ) Tj ET Q q 0 0 0 rg BT 420.40 343.10 Td (In ) Tj ET Q q 0 0 0 rg BT 430.87 343.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 468.30 343.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 488.23 343.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 532.59 343.10 Td (entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (into ) Tj ET Q q 0 0 0 rg BT 68.03 331.10 Td (a ) Tj ET Q q 0 0 0 rg BT 74.94 331.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 118.51 331.10 Td (with ) Tj ET Q q 0 0 0 rg BT 138.76 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.45 331.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 174.27 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.18 331.10 Td (consented ) Tj ET Q q 0 0 0 rg BT 233.64 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.89 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.58 331.10 Td (entry ) Tj ET Q q 0 0 0 rg BT 281.60 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.40 331.10 Td (a ) Tj ET Q q 0 0 0 rg BT 299.31 331.10 Td (Cease ) Tj ET Q q 0 0 0 rg BT 325.66 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.58 331.10 Td (Desist ) Tj ET Q q 0 0 0 rg BT 370.05 331.10 Td (order ) Tj ET Q q 0 0 0 rg BT 393.62 331.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.09 331.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 445.77 331.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 466.03 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.28 331.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 500.40 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.31 331.10 Td (desist ) Tj ET Q q 0 0 0 rg BT 542.56 331.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (committing ) Tj ET Q q 0 0 0 rg BT 98.28 319.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.79 319.10 Td (causing ) Tj ET Q q 0 0 0 rg BT 141.51 319.10 Td (any ) Tj ET Q q 0 0 0 rg BT 158.13 319.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 199.74 319.10 Td (or ) Tj ET Q q 0 0 0 rg BT 210.25 319.10 Td (any ) Tj ET Q q 0 0 0 rg BT 226.86 319.10 Td (future ) Tj ET Q q 0 0 0 rg BT 252.92 319.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 294.53 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.04 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.43 319.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 359.37 319.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 382.38 319.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 412.88 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.83 319.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 455.00 319.10 Td (with ) Tj ET Q q 0 0 0 rg BT 474.95 319.10 Td (that ) Tj ET Q q 0 0 0 rg BT 492.12 319.10 Td (order ) Tj ET Q q 0 0 0 rg BT 515.40 319.10 Td (could ) Tj ET Q q 0 0 0 rg BT 539.79 319.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 307.10 Td (material ) Tj ET Q q 0 0 0 rg BT 95.54 307.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 115.81 307.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.64 307.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 162.46 307.10 Td (liability) Tj ET Q q 0 0 0 rg BT 192.92 307.10 Td (, ) Tj ET Q q 0 0 0 rg BT 197.92 307.10 Td (which ) Tj ET Q q 0 0 0 rg BT 224.86 307.10 Td (could ) Tj ET Q q 0 0 0 rg BT 249.58 307.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 292.61 307.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 333.43 307.10 Td (af) Tj ET Q q 0 0 0 rg BT 341.02 307.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 358.50 307.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 384.48 307.10 Td (business ) Tj ET Q q 0 0 0 rg BT 420.87 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.81 307.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 463.23 307.10 Td (of) Tj ET Q q 0 0 0 rg BT 471.38 307.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 497.76 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.59 307.10 Td (Notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.25 280.10 Td (RA) Tj ET Q q 0 0 0 rg BT 216.95 280.10 Td (TIO OF) Tj ET Q q 0 0 0 rg BT 251.31 280.10 Td ( EARNINGS ) Tj ET Q q 0 0 0 rg BT 308.91 280.10 Td (T) Tj ET Q q 0 0 0 rg BT 315.40 280.10 Td (O FIXED CHARGES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (The following table sets forth our consolidated ratio of earnings to fixed char) Tj ET Q q 0 0 0 rg BT 358.06 256.10 Td (ges for each of the periods indicated. ) Tj ET Q q 0 0 0 rg BT 507.63 256.10 Td (Y) Tj ET Q q 0 0 0 rg BT 513.85 256.10 Td (ou should ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (read these ratios in connection with our consolidated financial statements, including the notes to those statements, included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.17 232.10 Td (Annual Report on Form10-Kfor the year ended December31, 2016, which is incorporated by reference into this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (prospectus.) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 718.50 257.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 718.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 718.50 251.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 688.50 257.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 688.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 688.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 688.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 688.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 688.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 688.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 688.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 688.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 688.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 688.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 658.50 257.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 658.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 658.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 658.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 658.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 658.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 658.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 658.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 658.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 658.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 658.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 628.50 257.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 628.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 628.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 628.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 628.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 628.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 628.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 628.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 628.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 628.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 628.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 598.50 257.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 598.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 598.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 598.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 598.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 598.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 598.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 598.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 598.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 598.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 598.50 47.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 733.5 m 357.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 733.5 m 361.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 733.5 m 408.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 733.5 m 412.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 733.5 m 459.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 733.5 m 463.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 733.5 m 510.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 733.5 m 514.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 733.5 m 561.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 718.5 m 357.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 718.5 m 408.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 718.5 m 459.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 718.5 m 510.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 718.5 m 561.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 673.5 m 357.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 673.5 m 408.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 673.5 m 459.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 673.5 m 510.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 673.5 m 561.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 598.5 m 357.5 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 598.5 m 408.5 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 598.5 m 459.5 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 598.5 m 510.5 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 598.5 m 561.5 598.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.40 738.17 Td (Quarter Ended March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 723.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 723.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.50 723.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 723.17 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.50 723.17 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.05 708.21 Td (\(dollar amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 693.17 Td (Fixed Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 678.17 Td ( Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.80 678.22 Td (\(10,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 678.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 678.22 Td (\(9,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 678.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.80 678.22 Td (\(9,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 678.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 678.22 Td (\(9,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 678.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 678.22 Td (\(9,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 678.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 663.17 Td ( Total fixed charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.80 663.22 Td (\(10,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 663.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 663.22 Td (\(9,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 663.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.80 663.22 Td (\(9,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 663.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 663.22 Td (\(9,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 663.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 663.22 Td (\(9,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 663.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 648.17 Td (Earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 633.17 Td ( Net loss before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.80 633.22 Td (\(23,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 633.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.80 633.22 Td (\(17,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 633.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.80 633.22 Td (\(7,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 633.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 633.22 Td (\(2,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 633.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 633.22 Td (\(2,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 633.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 618.17 Td ( Add:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 603.17 Td ( Fixed charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.80 603.22 Td (\(10,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 603.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 603.22 Td (\(9,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 603.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.80 603.22 Td (\(9,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 603.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 603.22 Td (\(9,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 603.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 603.22 Td (\(9,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 603.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 588.17 Td ( Total adjusted earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.80 588.22 Td (\(13,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 588.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 588.22 Td (\(7,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 588.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 588.17 Td (2,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 588.17 Td (6,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 588.17 Td (7,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 573.17 Td (Ratio of earnings to fixed charges \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.65 573.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 573.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 573.17 Td (0.2x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 573.17 Td (0.7x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.50 573.17 Td (0.8x) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.00 Td (\(1\) Our earnings were insuf) Tj ET Q q 0 0 0 rg BT 160.34 545.00 Td (ficient to cover fixed char) Tj ET Q q 0 0 0 rg BT 263.44 545.00 Td (ges by $13.2 million and $7.6 million for the quarters ended March31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.00 Td (2017 and 2016, respectively) Tj ET Q q 0 0 0 rg BT 162.10 533.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.75 506.00 Td (USE OF) Tj ET Q q 0 0 0 rg BT 295.22 506.00 Td ( PROCEEDS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 476.00 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 476.00 Td ( ) Tj ET Q q 0 0 0 rg BT 106.13 476.00 Td (will ) Tj ET Q q 0 0 0 rg BT 124.96 476.00 Td (use ) Tj ET Q q 0 0 0 rg BT 141.56 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 157.05 476.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 195.85 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 207.45 476.00 Td (each ) Tj ET Q q 0 0 0 rg BT 229.04 476.00 Td (series ) Tj ET Q q 0 0 0 rg BT 255.08 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 266.68 476.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 293.28 476.00 Td (to ) Tj ET Q q 0 0 0 rg BT 304.33 476.00 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 342.58 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 358.06 476.00 Td (funding ) Tj ET Q q 0 0 0 rg BT 392.44 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 404.04 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 419.53 476.00 Td (related ) Tj ET Q q 0 0 0 rg BT 450.00 476.00 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 491.59 476.00 Td (Loan ) Tj ET Q q 0 0 0 rg BT 515.41 476.00 Td (through ) Tj ET Q q 0 0 0 rg BT 549.79 476.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.00 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 101.89 464.00 Td (designated ) Tj ET Q q 0 0 0 rg BT 147.68 464.00 Td (by ) Tj ET Q q 0 0 0 rg BT 160.71 464.00 Td (the ) Tj ET Q q 0 0 0 rg BT 175.95 464.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 215.09 464.00 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 262.00 464.00 Td (such ) Tj ET Q q 0 0 0 rg BT 283.35 464.00 Td (series ) Tj ET Q q 0 0 0 rg BT 309.15 464.00 Td (of ) Tj ET Q q 0 0 0 rg BT 320.51 464.00 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 349.37 464.00 Td (PFL) Tj ET Q q 0 0 0 rg BT 366.23 464.00 Td ( ) Tj ET Q q 0 0 0 rg BT 369.26 464.00 Td (will ) Tj ET Q q 0 0 0 rg BT 387.84 464.00 Td (use ) Tj ET Q q 0 0 0 rg BT 404.20 464.00 Td (the ) Tj ET Q q 0 0 0 rg BT 419.45 464.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 458.02 464.00 Td (of ) Tj ET Q q 0 0 0 rg BT 469.37 464.00 Td (each ) Tj ET Q q 0 0 0 rg BT 490.72 464.00 Td (series ) Tj ET Q q 0 0 0 rg BT 516.52 464.00 Td (of ) Tj ET Q q 0 0 0 rg BT 527.87 464.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 554.23 464.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 88.04 452.00 Td (the ) Tj ET Q q 0 0 0 rg BT 102.75 452.00 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 162.46 452.00 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 203.28 452.00 Td (Loan ) Tj ET Q q 0 0 0 rg BT 226.33 452.00 Td (from ) Tj ET Q q 0 0 0 rg BT 248.09 452.00 Td (W) Tj ET Q q 0 0 0 rg BT 256.72 452.00 Td (ebBank. ) Tj ET Q q 0 0 0 rg BT 292.27 452.00 Td (See ) Tj ET Q q 0 0 0 rg BT 309.21 452.00 Td ("About ) Tj ET Q q 0 0 0 rg BT 340.79 452.00 Td (the ) Tj ET Q q 0 0 0 rg BT 355.51 452.00 Td (Marketplace" ) Tj ET Q q 0 0 0 rg BT 412.06 452.00 Td (for ) Tj ET Q q 0 0 0 rg BT 426.22 452.00 Td (more ) Tj ET Q q 0 0 0 rg BT 449.27 452.00 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 422.00 Td (PMI ) Tj ET Q q 0 0 0 rg BT 106.28 422.00 Td (will ) Tj ET Q q 0 0 0 rg BT 124.34 422.00 Td (not ) Tj ET Q q 0 0 0 rg BT 139.62 422.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 170.98 422.00 Td (any ) Tj ET Q q 0 0 0 rg BT 187.92 422.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 244.29 422.00 Td (for ) Tj ET Q q 0 0 0 rg BT 258.45 422.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 294.83 422.00 Td (of ) Tj ET Q q 0 0 0 rg BT 305.66 422.00 Td (the ) Tj ET Q q 0 0 0 rg BT 320.38 422.00 Td (PMI ) Tj ET Q q 0 0 0 rg BT 340.66 422.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 395.36 422.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 423.98 422.00 Td (that ) Tj ET Q q 0 0 0 rg BT 441.47 422.00 Td (accompany ) Tj ET Q q 0 0 0 rg BT 489.51 422.00 Td (each ) Tj ET Q q 0 0 0 rg BT 510.32 422.00 Td (Note.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.15 395.00 Td (PLAN OF) Tj ET Q q 0 0 0 rg BT 289.39 395.00 Td ( DISTRIBUTION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 365.00 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 365.00 Td ( ) Tj ET Q q 0 0 0 rg BT 105.32 365.00 Td (will ) Tj ET Q q 0 0 0 rg BT 123.33 365.00 Td (of) Tj ET Q q 0 0 0 rg BT 131.48 365.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 145.03 365.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.70 365.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 185.49 365.00 Td (to ) Tj ET Q q 0 0 0 rg BT 195.72 365.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 234.28 365.00 Td (at ) Tj ET Q q 0 0 0 rg BT 243.96 365.00 Td (100% ) Tj ET Q q 0 0 0 rg BT 269.74 365.00 Td (of ) Tj ET Q q 0 0 0 rg BT 280.53 365.00 Td (their ) Tj ET Q q 0 0 0 rg BT 301.31 365.00 Td (principal ) Tj ET Q q 0 0 0 rg BT 339.30 365.00 Td (amount. ) Tj ET Q q 0 0 0 rg BT 374.08 365.00 Td (The ) Tj ET Q q 0 0 0 rg BT 392.08 365.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 417.86 365.00 Td (will ) Tj ET Q q 0 0 0 rg BT 435.88 365.00 Td (be ) Tj ET Q q 0 0 0 rg BT 447.77 365.00 Td (of) Tj ET Q q 0 0 0 rg BT 455.92 365.00 Td (fered ) Tj ET Q q 0 0 0 rg BT 478.91 365.00 Td (only ) Tj ET Q q 0 0 0 rg BT 499.14 365.00 Td (by ) Tj ET Q q 0 0 0 rg BT 511.60 365.00 Td (PFL) Tj ET Q q 0 0 0 rg BT 528.46 365.00 Td ( ) Tj ET Q q 0 0 0 rg BT 530.91 365.00 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.00 Td (www) Tj ET Q q 0 0 0 rg BT 71.02 353.00 Td (.prosper) Tj ET Q q 0 0 0 rg BT 102.95 353.00 Td (.com. ) Tj ET Q q 0 0 0 rg BT 127.13 353.00 Td (See ) Tj ET Q q 0 0 0 rg BT 143.52 353.00 Td ("About ) Tj ET Q q 0 0 0 rg BT 174.56 353.00 Td (the ) Tj ET Q q 0 0 0 rg BT 188.74 353.00 Td (Marketplace" ) Tj ET Q q 0 0 0 rg BT 244.75 353.00 Td (and ) Tj ET Q q 0 0 0 rg BT 261.14 353.00 Td ("About ) Tj ET Q q 0 0 0 rg BT 292.18 353.00 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 324.69 353.00 Td (Funding ) Tj ET Q q 0 0 0 rg BT 359.99 353.00 Td (LLC" ) Tj ET Q q 0 0 0 rg BT 384.91 353.00 Td (for ) Tj ET Q q 0 0 0 rg BT 398.53 353.00 Td (more ) Tj ET Q q 0 0 0 rg BT 421.03 353.00 Td (information. ) Tj ET Q q 0 0 0 rg BT 472.56 353.00 Td (The ) Tj ET Q q 0 0 0 rg BT 490.06 353.00 Td (PMI ) Tj ET Q q 0 0 0 rg BT 509.80 353.00 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 78.62 341.00 Td (of) Tj ET Q q 0 0 0 rg BT 86.77 341.00 Td (fered ) Tj ET Q q 0 0 0 rg BT 109.80 341.00 Td (by ) Tj ET Q q 0 0 0 rg BT 122.30 341.00 Td (PMI ) Tj ET Q q 0 0 0 rg BT 142.59 341.00 Td (will ) Tj ET Q q 0 0 0 rg BT 160.64 341.00 Td (accompany ) Tj ET Q q 0 0 0 rg BT 208.68 341.00 Td (each ) Tj ET Q q 0 0 0 rg BT 229.49 341.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 251.43 341.00 Td (of) Tj ET Q q 0 0 0 rg BT 259.58 341.00 Td (fered ) Tj ET Q q 0 0 0 rg BT 282.62 341.00 Td (through ) Tj ET Q q 0 0 0 rg BT 316.23 341.00 Td (the ) Tj ET Q q 0 0 0 rg BT 330.94 341.00 Td (marketplace.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.05 314.00 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 258.17 314.00 Td ( SUIT) Tj ET Q q 0 0 0 rg BT 283.27 314.00 Td (ABILITY) Tj ET Q q 0 0 0 rg BT 325.14 314.00 Td ( REQUIREMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 284.00 Td (The ) Tj ET Q q 0 0 0 rg BT 104.01 284.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 129.81 284.00 Td (and ) Tj ET Q q 0 0 0 rg BT 146.72 284.00 Td (PMI ) Tj ET Q q 0 0 0 rg BT 166.97 284.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 221.64 284.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 250.22 284.00 Td (are ) Tj ET Q q 0 0 0 rg BT 264.90 284.00 Td (highly ) Tj ET Q q 0 0 0 rg BT 292.92 284.00 Td (risky ) Tj ET Q q 0 0 0 rg BT 315.39 284.00 Td (and ) Tj ET Q q 0 0 0 rg BT 332.29 284.00 Td (speculative. ) Tj ET Q q 0 0 0 rg BT 382.24 284.00 Td (Investing ) Tj ET Q q 0 0 0 rg BT 421.93 284.00 Td (in ) Tj ET Q q 0 0 0 rg BT 432.17 284.00 Td (the ) Tj ET Q q 0 0 0 rg BT 446.86 284.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 472.65 284.00 Td (and ) Tj ET Q q 0 0 0 rg BT 489.56 284.00 Td (PMI ) Tj ET Q q 0 0 0 rg BT 509.81 284.00 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 78.37 272.00 Td (should ) Tj ET Q q 0 0 0 rg BT 107.29 272.00 Td (be ) Tj ET Q q 0 0 0 rg BT 118.98 272.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 164.55 272.00 Td (only ) Tj ET Q q 0 0 0 rg BT 184.58 272.00 Td (by ) Tj ET Q q 0 0 0 rg BT 196.83 272.00 Td (persons ) Tj ET Q q 0 0 0 rg BT 229.63 272.00 Td (who ) Tj ET Q q 0 0 0 rg BT 249.10 272.00 Td (can ) Tj ET Q q 0 0 0 rg BT 265.23 272.00 Td (af) Tj ET Q q 0 0 0 rg BT 272.82 272.00 Td (ford ) Tj ET Q q 0 0 0 rg BT 291.73 272.00 Td (the ) Tj ET Q q 0 0 0 rg BT 306.20 272.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 324.01 272.00 Td (of ) Tj ET Q q 0 0 0 rg BT 334.59 272.00 Td (their ) Tj ET Q q 0 0 0 rg BT 355.17 272.00 Td (entire ) Tj ET Q q 0 0 0 rg BT 380.18 272.00 Td (investment. ) Tj ET Q q 0 0 0 rg BT 428.65 272.00 Td (The ) Tj ET Q q 0 0 0 rg BT 446.45 272.00 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 497.56 272.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 535.90 272.00 Td (allows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 88.61 260.00 Td (to ) Tj ET Q q 0 0 0 rg BT 98.89 260.00 Td (bid ) Tj ET Q q 0 0 0 rg BT 114.17 260.00 Td (as ) Tj ET Q q 0 0 0 rg BT 125.00 260.00 Td (little ) Tj ET Q q 0 0 0 rg BT 145.83 260.00 Td (as ) Tj ET Q q 0 0 0 rg BT 156.66 260.00 Td ($25. ) Tj ET Q q 0 0 0 rg BT 176.10 260.00 Td (All ) Tj ET Q q 0 0 0 rg BT 191.38 260.00 Td (bids ) Tj ET Q q 0 0 0 rg BT 210.55 260.00 Td (may ) Tj ET Q q 0 0 0 rg BT 230.27 260.00 Td (be ) Tj ET Q q 0 0 0 rg BT 242.21 260.00 Td (up ) Tj ET Q q 0 0 0 rg BT 254.71 260.00 Td (to ) Tj ET Q q 0 0 0 rg BT 264.99 260.00 Td (100% ) Tj ET Q q 0 0 0 rg BT 290.82 260.00 Td (of ) Tj ET Q q 0 0 0 rg BT 301.65 260.00 Td (the ) Tj ET Q q 0 0 0 rg BT 316.36 260.00 Td (requested ) Tj ET Q q 0 0 0 rg BT 357.18 260.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 376.89 260.00 Td (amount.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 230.00 Td (Investors ) Tj ET Q q 0 0 0 rg BT 124.79 230.00 Td (can ) Tj ET Q q 0 0 0 rg BT 140.80 230.00 Td (bid ) Tj ET Q q 0 0 0 rg BT 155.72 230.00 Td (on ) Tj ET Q q 0 0 0 rg BT 167.85 230.00 Td (listings ) Tj ET Q q 0 0 0 rg BT 198.88 230.00 Td (in ) Tj ET Q q 0 0 0 rg BT 208.79 230.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 244.81 230.00 Td (ranging ) Tj ET Q q 0 0 0 rg BT 277.49 230.00 Td (from ) Tj ET Q q 0 0 0 rg BT 299.07 230.00 Td (as ) Tj ET Q q 0 0 0 rg BT 309.53 230.00 Td (little ) Tj ET Q q 0 0 0 rg BT 329.99 230.00 Td (as ) Tj ET Q q 0 0 0 rg BT 340.46 230.00 Td ($25 ) Tj ET Q q 0 0 0 rg BT 357.59 230.00 Td (and ) Tj ET Q q 0 0 0 rg BT 374.16 230.00 Td (as ) Tj ET Q q 0 0 0 rg BT 384.63 230.00 Td (much ) Tj ET Q q 0 0 0 rg BT 408.98 230.00 Td (as ) Tj ET Q q 0 0 0 rg BT 419.44 230.00 Td (100% ) Tj ET Q q 0 0 0 rg BT 444.91 230.00 Td (of ) Tj ET Q q 0 0 0 rg BT 455.37 230.00 Td (the ) Tj ET Q q 0 0 0 rg BT 469.72 230.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 489.07 230.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 521.20 230.00 Td (requested. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.00 Td (It ) Tj ET Q q 0 0 0 rg BT 58.61 218.00 Td (is ) Tj ET Q q 0 0 0 rg BT 67.78 218.00 Td (typical ) Tj ET Q q 0 0 0 rg BT 97.49 218.00 Td (to ) Tj ET Q q 0 0 0 rg BT 107.77 218.00 Td (have ) Tj ET Q q 0 0 0 rg BT 129.15 218.00 Td (multiple ) Tj ET Q q 0 0 0 rg BT 164.98 218.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 203.58 218.00 Td (bid ) Tj ET Q q 0 0 0 rg BT 218.86 218.00 Td (on ) Tj ET Q q 0 0 0 rg BT 231.36 218.00 Td (a ) Tj ET Q q 0 0 0 rg BT 238.30 218.00 Td (single ) Tj ET Q q 0 0 0 rg BT 264.69 218.00 Td (listing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 188.00 Td (Currently) Tj ET Q q 0 0 0 rg BT 123.68 188.00 Td (, ) Tj ET Q q 0 0 0 rg BT 128.89 188.00 Td (the ) Tj ET Q q 0 0 0 rg BT 143.82 188.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 185.42 188.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 218.13 188.00 Td (an ) Tj ET Q q 0 0 0 rg BT 230.27 188.00 Td (investor ) Tj ET Q q 0 0 0 rg BT 265.20 188.00 Td (may ) Tj ET Q q 0 0 0 rg BT 285.13 188.00 Td (bid ) Tj ET Q q 0 0 0 rg BT 300.62 188.00 Td (is ) Tj ET Q q 0 0 0 rg BT 310.00 188.00 Td ($25 ) Tj ET Q q 0 0 0 rg BT 327.71 188.00 Td (and ) Tj ET Q q 0 0 0 rg BT 344.86 188.00 Td (the ) Tj ET Q q 0 0 0 rg BT 359.79 188.00 Td (maximum ) Tj ET Q q 0 0 0 rg BT 403.06 188.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 435.76 188.00 Td (an ) Tj ET Q q 0 0 0 rg BT 447.91 188.00 Td (investor ) Tj ET Q q 0 0 0 rg BT 482.84 188.00 Td (may ) Tj ET Q q 0 0 0 rg BT 502.77 188.00 Td (bid ) Tj ET Q q 0 0 0 rg BT 518.26 188.00 Td (is ) Tj ET Q q 0 0 0 rg BT 527.64 188.00 Td (100% ) Tj ET Q q 0 0 0 rg BT 553.68 188.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.52 176.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 96.82 176.00 Td (of ) Tj ET Q q 0 0 0 rg BT 107.46 176.00 Td (the ) Tj ET Q q 0 0 0 rg BT 121.98 176.00 Td (requested ) Tj ET Q q 0 0 0 rg BT 162.60 176.00 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 203.23 176.00 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 228.42 176.00 Td (The ) Tj ET Q q 0 0 0 rg BT 246.27 176.00 Td (maximum ) Tj ET Q q 0 0 0 rg BT 289.13 176.00 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 330.30 176.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 362.60 176.00 Td (an ) Tj ET Q q 0 0 0 rg BT 374.34 176.00 Td (individual ) Tj ET Q q 0 0 0 rg BT 417.20 176.00 Td (investor ) Tj ET Q q 0 0 0 rg BT 451.72 176.00 Td (may ) Tj ET Q q 0 0 0 rg BT 471.25 176.00 Td (bid ) Tj ET Q q 0 0 0 rg BT 486.33 176.00 Td (on ) Tj ET Q q 0 0 0 rg BT 498.64 176.00 Td (the ) Tj ET Q q 0 0 0 rg BT 513.16 176.00 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.00 Td (is ) Tj ET Q q 0 0 0 rg BT 59.23 164.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 97.87 164.00 Td ($25,000,000. ) Tj ET Q q 0 0 0 rg BT 152.74 164.00 Td (There ) Tj ET Q q 0 0 0 rg BT 178.61 164.00 Td (is ) Tj ET Q q 0 0 0 rg BT 187.84 164.00 Td (no ) Tj ET Q q 0 0 0 rg BT 200.40 164.00 Td (maximum ) Tj ET Q q 0 0 0 rg BT 243.50 164.00 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 284.92 164.00 Td (bid ) Tj ET Q q 0 0 0 rg BT 300.25 164.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 332.80 164.00 Td (for ) Tj ET Q q 0 0 0 rg BT 347.02 164.00 Td (institutional ) Tj ET Q q 0 0 0 rg BT 397.35 164.00 Td (users. ) Tj ET Q q 0 0 0 rg BT 422.96 164.00 Td (PFL) Tj ET Q q 0 0 0 rg BT 439.82 164.00 Td ( ) Tj ET Q q 0 0 0 rg BT 442.37 164.00 Td (may ) Tj ET Q q 0 0 0 rg BT 462.15 164.00 Td (change ) Tj ET Q q 0 0 0 rg BT 493.02 164.00 Td (the ) Tj ET Q q 0 0 0 rg BT 507.79 164.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 549.24 164.00 Td (bid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.00 Td (amount.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 122.00 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 122.00 Td (o ) Tj ET Q q 0 0 0 rg BT 98.37 122.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 135.88 122.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 161.17 122.00 Td (and ) Tj ET Q q 0 0 0 rg BT 177.57 122.00 Td (PMI ) Tj ET Q q 0 0 0 rg BT 197.32 122.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 251.49 122.00 Td (Rights, ) Tj ET Q q 0 0 0 rg BT 282.07 122.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 320.14 122.00 Td (located ) Tj ET Q q 0 0 0 rg BT 350.98 122.00 Td (in ) Tj ET Q q 0 0 0 rg BT 360.29 122.00 Td (Alaska, ) Tj ET Q q 0 0 0 rg BT 392.52 122.00 Td (Idaho, ) Tj ET Q q 0 0 0 rg BT 419.75 122.00 Td (Missouri, ) Tj ET Q q 0 0 0 rg BT 459.78 122.00 Td (Nevada, ) Tj ET Q q 0 0 0 rg BT 494.78 122.00 Td (New ) Tj ET Q q 0 0 0 rg BT 515.63 122.00 Td (Hampshire, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.00 Td (Oregon, ) Tj ET Q q 0 0 0 rg BT 84.81 110.00 Td (V) Tj ET Q q 0 0 0 rg BT 91.43 110.00 Td (ir) Tj ET Q q 0 0 0 rg BT 97.36 110.00 Td (ginia ) Tj ET Q q 0 0 0 rg BT 119.85 110.00 Td (or ) Tj ET Q q 0 0 0 rg BT 130.50 110.00 Td (W) Tj ET Q q 0 0 0 rg BT 139.14 110.00 Td (ashington ) Tj ET Q q 0 0 0 rg BT 180.53 110.00 Td (must ) Tj ET Q q 0 0 0 rg BT 202.48 110.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 224.41 110.00 Td (one ) Tj ET Q q 0 0 0 rg BT 241.35 110.00 Td (or ) Tj ET Q q 0 0 0 rg BT 252.18 110.00 Td (more ) Tj ET Q q 0 0 0 rg BT 275.22 110.00 Td (of ) Tj ET Q q 0 0 0 rg BT 286.05 110.00 Td (the ) Tj ET Q q 0 0 0 rg BT 300.77 110.00 Td (following ) Tj ET Q q 0 0 0 rg BT 342.16 110.00 Td (suitability ) Tj ET Q q 0 0 0 rg BT 384.66 110.00 Td (requirements:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 80.00 Td (a. ) Tj ET Q q 0 0 0 rg BT 122.00 80.00 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 134.32 80.00 Td (Y) Tj ET Q q 0 0 0 rg BT 140.54 80.00 Td (ou ) Tj ET Q q 0 0 0 rg BT 153.93 80.00 Td (must ) Tj ET Q q 0 0 0 rg BT 176.76 80.00 Td (have ) Tj ET Q q 0 0 0 rg BT 199.02 80.00 Td (an ) Tj ET Q q 0 0 0 rg BT 211.85 80.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 241.89 80.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 266.39 80.00 Td (income ) Tj ET Q q 0 0 0 rg BT 299.20 80.00 Td (of ) Tj ET Q q 0 0 0 rg BT 310.92 80.00 Td (at ) Tj ET Q q 0 0 0 rg BT 321.52 80.00 Td (least ) Tj ET Q q 0 0 0 rg BT 343.23 80.00 Td ($70,000; 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 125.16 688.10 Td (that ) Tj ET Q q 0 0 0 rg BT 142.66 688.10 Td (are ) Tj ET Q q 0 0 0 rg BT 157.36 688.10 Td (residents ) Tj ET Q q 0 0 0 rg BT 195.41 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.24 688.10 Td (California ) Tj ET Q q 0 0 0 rg BT 249.28 688.10 Td (must ) Tj ET Q q 0 0 0 rg BT 271.23 688.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 293.16 688.10 Td (one ) Tj ET Q q 0 0 0 rg BT 310.10 688.10 Td (or ) Tj ET Q q 0 0 0 rg BT 320.93 688.10 Td (more ) Tj ET Q q 0 0 0 rg BT 343.98 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.81 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.53 688.10 Td (following ) Tj ET Q q 0 0 0 rg BT 410.91 688.10 Td (suitability ) Tj ET Q q 0 0 0 rg BT 453.41 688.10 Td (requirements:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (a. ) Tj ET Q q 0 0 0 rg BT 122.00 658.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 133.55 658.10 Td (Y) Tj ET Q q 0 0 0 rg BT 139.77 658.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 152.25 658.10 Td (must ) Tj ET Q q 0 0 0 rg BT 174.18 658.10 Td (have ) Tj ET Q q 0 0 0 rg BT 195.53 658.10 Td (had ) Tj ET Q q 0 0 0 rg BT 212.45 658.10 Td (an ) Tj ET Q q 0 0 0 rg BT 224.37 658.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 253.50 658.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 277.10 658.10 Td (income ) Tj ET Q q 0 0 0 rg BT 309.01 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.82 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 329.52 658.10 Td (least ) Tj ET Q q 0 0 0 rg BT 350.32 658.10 Td ($85,000 ) Tj ET Q q 0 0 0 rg BT 385.30 658.10 Td (during ) Tj ET Q q 0 0 0 rg BT 413.89 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.58 658.10 Td (last ) Tj ET Q q 0 0 0 rg BT 444.95 658.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 459.65 658.10 Td (year; 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) Tj ET Q q 0 0 0 rg BT 418.37 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.34 619.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 448.10 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.85 619.10 Td (total ) Tj ET Q q 0 0 0 rg BT 481.17 619.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 512.70 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.57 619.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 607.10 Td (you ) Tj ET Q q 0 0 0 rg BT 139.50 607.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 177.54 607.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 206.69 607.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 236.95 607.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 257.78 607.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.61 607.10 Td (your ) Tj ET Q q 0 0 0 rg BT 289.44 607.10 Td (net ) Tj ET Q q 0 0 0 rg BT 304.15 607.10 Td (worth; ) Tj ET Q q 0 0 0 rg BT 332.76 607.10 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.10 Td (c. ) Tj ET Q q 0 0 0 rg BT 122.00 592.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 133.36 592.10 Td (Y) Tj ET Q q 0 0 0 rg BT 139.58 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 155.17 592.10 Td (net ) Tj ET Q q 0 0 0 rg BT 169.65 592.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 215.79 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.83 592.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 267.52 592.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 296.44 592.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 326.45 592.10 Td ($2,500; ) Tj ET Q q 0 0 0 rg BT 358.99 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.69 592.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 390.16 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.64 592.10 Td (total ) Tj ET Q q 0 0 0 rg BT 424.67 592.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 456.93 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.52 592.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 509.21 592.10 Td (you ) Tj ET Q q 0 0 0 rg BT 526.47 592.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 580.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 151.16 580.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 181.41 580.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 202.24 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.07 580.10 Td (your ) Tj ET Q q 0 0 0 rg BT 233.90 580.10 Td (net ) Tj ET Q q 0 0 0 rg BT 248.62 580.10 Td (worth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.96 550.10 Td (Maine ) Tj ET Q q 0 0 0 rg BT 131.91 550.10 Td (Of) Tj ET Q q 0 0 0 rg BT 142.28 550.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 159.68 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.42 550.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 212.26 550.10 Td (recommends ) Tj ET Q q 0 0 0 rg BT 265.77 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.61 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.24 550.10 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 329.64 550.10 Td (Division ) Tj ET Q q 0 0 0 rg BT 366.50 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.24 550.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 411.30 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.15 550.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 470.55 550.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 512.39 550.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 547.01 550.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (an ) Tj ET Q q 0 0 0 rg BT 60.99 538.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 100.44 538.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 140.85 538.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 186.28 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.61 538.10 Td (this ) Tj ET Q q 0 0 0 rg BT 211.60 538.10 Td (of) Tj ET Q q 0 0 0 rg BT 219.75 538.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 245.17 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.16 538.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 290.48 538.10 Td (of) Tj ET Q q 0 0 0 rg BT 298.63 538.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 327.94 538.10 Td (by ) Tj ET Q q 0 0 0 rg BT 339.49 538.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 361.32 538.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 378.18 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.73 538.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.61 538.10 Td (its ) Tj ET Q q 0 0 0 rg BT 400.60 538.10 Td (af) Tj ET Q q 0 0 0 rg BT 408.19 538.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 436.95 538.10 Td (not ) Tj ET Q q 0 0 0 rg BT 451.27 538.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 480.57 538.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 500.45 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.33 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.09 538.10 Td (investor's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 75.60 526.10 Td (net ) Tj ET Q q 0 0 0 rg BT 90.08 526.10 Td (worth. ) Tj ET Q q 0 0 0 rg BT 118.17 526.10 Td (For ) Tj ET Q q 0 0 0 rg BT 134.32 526.10 Td (this ) Tj ET Q q 0 0 0 rg BT 151.03 526.10 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 187.46 526.10 Td ("liquid ) Tj ET Q q 0 0 0 rg BT 217.13 526.10 Td (net ) Tj ET Q q 0 0 0 rg BT 231.61 526.10 Td (worth" ) Tj ET Q q 0 0 0 rg BT 261.29 526.10 Td (is ) Tj ET Q q 0 0 0 rg BT 270.22 526.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 302.47 526.10 Td (as ) Tj ET Q q 0 0 0 rg BT 313.06 526.10 Td (that ) Tj ET Q q 0 0 0 rg BT 330.32 526.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 361.47 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.06 526.10 Td (net ) Tj ET Q q 0 0 0 rg BT 386.54 526.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 412.13 526.10 Td (that ) Tj ET Q q 0 0 0 rg BT 429.39 526.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 463.32 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.91 526.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 496.44 526.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 516.47 526.10 Td (equivalents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 514.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 97.20 514.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 144.12 514.10 Td (securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 484.10 Td (For ) Tj ET Q q 0 0 0 rg BT 102.33 484.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 140.32 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.09 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.75 484.10 Td (suitability ) Tj ET Q q 0 0 0 rg BT 208.19 484.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 262.83 484.10 Td (described ) Tj ET Q q 0 0 0 rg BT 303.58 484.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 332.40 484.10 Td (you ) Tj ET Q q 0 0 0 rg BT 349.84 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.71 484.10 Td (your ) Tj ET Q q 0 0 0 rg BT 387.48 484.10 Td (spouse ) Tj ET Q q 0 0 0 rg BT 417.14 484.10 Td (are ) Tj ET Q q 0 0 0 rg BT 431.79 484.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 477.54 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.76 484.10 Td (be ) Tj ET Q q 0 0 0 rg BT 499.64 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.52 484.10 Td (single ) Tj ET Q q 0 0 0 rg BT 532.84 484.10 Td (person. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.83 472.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 98.60 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.32 472.10 Td (following ) Tj ET Q q 0 0 0 rg BT 154.71 472.10 Td (definitions ) Tj ET Q q 0 0 0 rg BT 199.98 472.10 Td (apply:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td ("annual ) Tj ET Q q 0 0 0 rg BT 123.46 442.10 Td (gr) Tj ET Q q 0 0 0 rg BT 132.71 442.10 Td (oss ) Tj ET Q q 0 0 0 rg BT 147.94 442.10 Td (income" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.48 442.10 Td (means ) Tj ET Q q 0 0 0 rg BT 214.47 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.13 442.10 Td (total ) Tj ET Q q 0 0 0 rg BT 249.34 442.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 281.78 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.55 442.10 Td (money ) Tj ET Q q 0 0 0 rg BT 322.21 442.10 Td (you ) Tj ET Q q 0 0 0 rg BT 339.65 442.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 359.30 442.10 Td (each ) Tj ET Q q 0 0 0 rg BT 380.05 442.10 Td (year) Tj ET Q q 0 0 0 rg BT 396.86 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 401.80 442.10 Td (before ) Tj ET Q q 0 0 0 rg BT 429.78 442.10 Td (deducting ) Tj ET Q q 0 0 0 rg BT 471.65 442.10 Td (any ) Tj ET Q q 0 0 0 rg BT 488.53 442.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 524.86 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 538.96 442.10 Td (taxes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 93.32 430.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 136.90 430.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 192.18 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 203.01 430.10 Td (any ) Tj ET Q q 0 0 0 rg BT 219.95 430.10 Td (other ) Tj ET Q q 0 0 0 rg BT 242.99 430.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 283.82 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 294.65 430.10 Td (expenses;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 400.10 Td ("net ) Tj ET Q q 0 0 0 rg BT 107.18 400.10 Td (worth" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.59 400.10 Td (means ) Tj ET Q q 0 0 0 rg BT 168.44 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.96 400.10 Td (total ) Tj ET Q q 0 0 0 rg BT 203.03 400.10 Td (value ) Tj ET Q q 0 0 0 rg BT 226.99 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.62 400.10 Td (all ) Tj ET Q q 0 0 0 rg BT 249.92 400.10 Td (your ) Tj ET Q q 0 0 0 rg BT 270.55 400.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 298.69 400.10 Td (minus ) Tj ET Q q 0 0 0 rg BT 325.44 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.96 400.10 Td (total ) Tj ET Q q 0 0 0 rg BT 360.03 400.10 Td (value ) Tj ET Q q 0 0 0 rg BT 383.99 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.62 400.10 Td (all ) Tj ET Q q 0 0 0 rg BT 406.92 400.10 Td (your ) Tj ET Q q 0 0 0 rg BT 427.55 400.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 469.40 400.10 Td (The ) Tj ET Q q 0 0 0 rg BT 487.25 400.10 Td (value ) Tj ET Q q 0 0 0 rg BT 511.21 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.84 400.10 Td (an ) Tj ET Q q 0 0 0 rg BT 533.58 400.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 555.32 400.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 74.45 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 85.03 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.05 388.10 Td (price ) Tj ET Q q 0 0 0 rg BT 122.83 388.10 Td (at ) Tj ET Q q 0 0 0 rg BT 132.85 388.10 Td (which ) Tj ET Q q 0 0 0 rg BT 160.09 388.10 Td (you ) Tj ET Q q 0 0 0 rg BT 177.89 388.10 Td (could ) Tj ET Q q 0 0 0 rg BT 202.90 388.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 249.02 388.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 277.91 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.49 388.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 305.17 388.10 Td (it. ) Tj ET Q q 0 0 0 rg BT 316.03 388.10 Td (In ) Tj ET Q q 0 0 0 rg BT 327.16 388.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 373.83 388.10 Td (your ) Tj ET Q q 0 0 0 rg BT 394.96 388.10 Td (net ) Tj ET Q q 0 0 0 rg BT 409.97 388.10 Td (worth, ) Tj ET Q q 0 0 0 rg BT 438.60 388.10 Td (you ) Tj ET Q q 0 0 0 rg BT 456.40 388.10 Td (should ) Tj ET Q q 0 0 0 rg BT 485.87 388.10 Td (only ) Tj ET Q q 0 0 0 rg BT 506.45 388.10 Td (include ) Tj ET Q q 0 0 0 rg BT 538.68 388.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.79 376.10 Td (are ) Tj ET Q q 0 0 0 rg BT 82.80 376.10 Td (liquid, ) Tj ET Q q 0 0 0 rg BT 111.44 376.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 148.67 376.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 174.80 376.10 Td (that ) Tj ET Q q 0 0 0 rg BT 192.59 376.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 223.17 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.30 376.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.87 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.00 376.10 Td (something ) Tj ET Q q 0 0 0 rg BT 310.46 376.10 Td (that ) Tj ET Q q 0 0 0 rg BT 328.25 376.10 Td (could ) Tj ET Q q 0 0 0 rg BT 353.27 376.10 Td (be ) Tj ET Q q 0 0 0 rg BT 365.51 376.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 398.30 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.54 376.10 Td (easily ) Tj ET Q q 0 0 0 rg BT 441.67 376.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 483.89 376.10 Td (into ) Tj ET Q q 0 0 0 rg BT 502.24 376.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 525.31 376.10 Td (such ) Tj ET Q q 0 0 0 rg BT 546.44 376.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.57 376.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (publicly-traded ) Tj ET Q q 0 0 0 rg BT 113.59 364.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 139.33 364.10 Td (Y) Tj ET Q q 0 0 0 rg BT 145.55 364.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 158.05 364.10 Td (shouldn't ) Tj ET Q q 0 0 0 rg BT 196.80 364.10 Td (include ) Tj ET Q q 0 0 0 rg BT 228.73 364.10 Td (any ) Tj ET Q q 0 0 0 rg BT 245.67 364.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 277.06 364.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 305.39 364.10 Td (such ) Tj ET Q q 0 0 0 rg BT 326.22 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 337.05 364.10 Td (homes, ) Tj ET Q q 0 0 0 rg BT 368.16 364.10 Td (home ) Tj ET Q q 0 0 0 rg BT 392.88 364.10 Td (furnishings ) Tj ET Q q 0 0 0 rg BT 440.38 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.21 364.10 Td (cars;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 334.10 Td ("net ) Tj ET Q q 0 0 0 rg BT 108.91 334.10 Td (investment" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.15 334.10 Td (means ) Tj ET Q q 0 0 0 rg BT 194.72 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.96 334.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 250.53 334.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 284.56 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.91 334.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 324.27 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.73 334.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 364.54 334.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 420.77 334.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 450.92 334.10 Td (purchased, ) Tj ET Q q 0 0 0 rg BT 497.98 334.10 Td (minus ) Tj ET Q q 0 0 0 rg BT 526.46 334.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.83 322.10 Td (received ) Tj ET Q q 0 0 0 rg BT 127.19 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 139.69 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.40 322.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 180.23 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.17 322.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 217.46 322.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 272.16 322.10 Td (Rights.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 292.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.66 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.90 292.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 143.49 292.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 171.28 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.86 292.10 Td (register ) Tj ET Q q 0 0 0 rg BT 214.65 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.67 292.10 Td (of) Tj ET Q q 0 0 0 rg BT 237.82 292.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 251.72 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.96 292.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 287.31 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.44 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.46 292.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 339.59 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.83 292.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 377.42 292.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 432.42 292.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 461.34 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.92 292.10 Td (all ) Tj ET Q q 0 0 0 rg BT 484.72 292.10 Td (50 ) Tj ET Q q 0 0 0 rg BT 497.52 292.10 Td (states ) Tj ET Q q 0 0 0 rg BT 522.54 292.10 Td (as ) Tj ET Q q 0 0 0 rg BT 533.67 292.10 Td (well ) Tj ET Q q 0 0 0 rg BT 553.69 292.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.30 280.10 Td (District ) Tj ET Q q 0 0 0 rg BT 96.37 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.78 280.10 Td (Columbia. ) Tj ET Q q 0 0 0 rg BT 150.34 280.10 Td (As ) Tj ET Q q 0 0 0 rg BT 163.54 280.10 Td (part ) Tj ET Q q 0 0 0 rg BT 181.16 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.57 280.10 Td (this ) Tj ET Q q 0 0 0 rg BT 208.10 280.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 242.67 280.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 259.53 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 261.61 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.12 280.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 297.99 280.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 326.16 280.10 Td (that ) Tj ET Q q 0 0 0 rg BT 343.23 280.10 Td (states ) Tj ET Q q 0 0 0 rg BT 367.53 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.39 280.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 412.24 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.10 280.10 Td (those ) Tj ET Q q 0 0 0 rg BT 445.28 280.10 Td (referenced ) Tj ET Q q 0 0 0 rg BT 489.55 280.10 Td (above ) Tj ET Q q 0 0 0 rg BT 515.50 280.10 Td (will ) Tj ET Q q 0 0 0 rg BT 533.14 280.10 Td (impose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 90.77 268.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 127.63 268.10 Td (suitability ) Tj ET Q q 0 0 0 rg BT 169.50 268.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 209.15 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.47 268.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 267.90 268.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 313.65 268.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 338.32 268.10 Td (for ) Tj ET Q q 0 0 0 rg BT 351.85 268.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 389.84 268.10 Td (who ) Tj ET Q q 0 0 0 rg BT 408.94 268.10 Td (reside ) Tj ET Q q 0 0 0 rg BT 434.69 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.35 268.10 Td (such ) Tj ET Q q 0 0 0 rg BT 464.56 268.10 Td (states. ) Tj ET Q q 0 0 0 rg BT 491.15 268.10 Td (Should ) Tj ET Q q 0 0 0 rg BT 521.37 268.10 Td (this ) Tj ET Q q 0 0 0 rg BT 537.69 268.10 Td (occur) Tj ET Q q 0 0 0 rg BT 559.50 268.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.15 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.87 256.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 108.94 256.10 Td (will ) Tj ET Q q 0 0 0 rg BT 127.78 256.10 Td (set ) Tj ET Q q 0 0 0 rg BT 142.18 256.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 164.90 256.10 Td (these ) Tj ET Q q 0 0 0 rg BT 188.74 256.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 244.22 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.29 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.01 256.10 Td (supplement ) Tj ET Q q 0 0 0 rg BT 312.40 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.47 256.10 Td (this ) Tj ET Q q 0 0 0 rg BT 341.20 256.10 Td (prospectus. ) Tj ET Q q 0 0 0 rg BT 389.76 256.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 418.03 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.54 256.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 469.04 256.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 517.87 256.10 Td (agreement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 87.45 244.10 Td (are ) Tj ET Q q 0 0 0 rg BT 100.99 244.10 Td (required ) Tj ET Q q 0 0 0 rg BT 135.64 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.76 244.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 182.74 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.51 244.10 Td (warrant ) Tj ET Q q 0 0 0 rg BT 230.39 244.10 Td (that ) Tj ET Q q 0 0 0 rg BT 246.72 244.10 Td (they ) Tj ET Q q 0 0 0 rg BT 265.27 244.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 292.72 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.27 244.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 348.70 244.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 388.93 244.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 425.25 244.10 Td (suitability ) Tj ET Q q 0 0 0 rg BT 466.58 244.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 505.69 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.46 244.10 Td (maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.77 232.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 122.45 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.67 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.78 232.10 Td (state ) Tj ET Q q 0 0 0 rg BT 170.00 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.67 232.10 Td (which ) Tj ET Q q 0 0 0 rg BT 208.00 232.10 Td (they ) Tj ET Q q 0 0 0 rg BT 228.11 232.10 Td (reside. ) Tj ET Q q 0 0 0 rg BT 257.38 232.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 296.93 232.10 Td (who ) Tj ET Q q 0 0 0 rg BT 317.04 232.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 333.26 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.93 232.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 372.93 232.10 Td (any ) Tj ET Q q 0 0 0 rg BT 390.26 232.10 Td (such ) Tj ET Q q 0 0 0 rg BT 411.48 232.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 466.58 232.10 Td (will ) Tj ET Q q 0 0 0 rg BT 485.03 232.10 Td (not ) Tj ET Q q 0 0 0 rg BT 500.70 232.10 Td (be ) Tj ET Q q 0 0 0 rg BT 513.03 232.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 554.24 232.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 88.04 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.75 220.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 128.58 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.52 220.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 165.81 220.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 220.51 220.10 Td (Rights.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.85 193.10 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 271.23 193.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.55 193.10 Td (THE MARKETPLACE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 133.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 118.48 133.10 Td (is ) Tj ET Q q 0 0 0 rg BT 127.08 133.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.45 133.10 Td (pioneer ) Tj ET Q q 0 0 0 rg BT 165.37 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.63 133.10 Td (online ) Tj ET Q q 0 0 0 rg BT 202.56 133.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 253.35 133.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 285.27 133.10 Td (that ) Tj ET Q q 0 0 0 rg BT 302.20 133.10 Td (connects ) Tj ET Q q 0 0 0 rg BT 339.12 133.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 381.59 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.96 133.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 438.50 133.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 455.98 133.10 Td (goal ) Tj ET Q q 0 0 0 rg BT 475.13 133.10 Td (is ) Tj ET Q q 0 0 0 rg BT 483.73 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.44 133.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 521.46 133.10 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.32 121.10 Td (access ) Tj ET Q q 0 0 0 rg BT 88.40 121.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 113.71 121.10 Td (at ) Tj ET Q q 0 0 0 rg BT 123.47 121.10 Td (af) Tj ET Q q 0 0 0 rg BT 131.06 121.10 Td (fordable ) Tj ET Q q 0 0 0 rg BT 166.91 121.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 188.33 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.32 121.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 238.41 121.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 277.06 121.10 Td (with ) Tj ET Q q 0 0 0 rg BT 297.38 121.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 337.12 121.10 Td (risk-adjusted ) Tj ET Q q 0 0 0 rg BT 391.32 121.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 412.74 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.61 121.10 Td (return. ) Tj ET Q q 0 0 0 rg BT 452.53 121.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 470.62 121.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 522.02 121.10 Td (facilitated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 70.42 109.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 99.46 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.16 109.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 151.41 109.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 174.88 109.10 Td (originations ) Tj ET Q q 0 0 0 rg BT 225.58 109.10 Td (during ) Tj ET Q q 0 0 0 rg BT 254.61 109.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 280.03 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.39 109.10 Td (as ) Tj ET Q q 0 0 0 rg BT 308.65 109.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.90 109.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 363.92 109.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.92 109.10 Td (, ) Tj ET Q q 0 0 0 rg BT 389.35 109.10 Td ($8.9 ) Tj ET Q q 0 0 0 rg BT 409.77 109.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 438.81 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.51 109.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 490.75 109.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 514.23 109.10 Td (originations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (since ) Tj ET Q q 0 0 0 rg BT 73.05 97.10 Td (it ) Tj ET Q q 0 0 0 rg BT 81.10 97.10 Td (first ) Tj ET Q q 0 0 0 rg BT 99.71 97.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 138.31 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.58 97.10 Td (2006.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 67.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 67.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.96 67.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 133.71 67.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.93 67.10 Td (online ) Tj ET Q q 0 0 0 rg BT 177.81 67.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 229.55 67.10 Td (model ) Tj ET Q q 0 0 0 rg BT 257.43 67.10 Td (has ) Tj ET Q q 0 0 0 rg BT 273.64 67.10 Td (key ) Tj ET Q q 0 0 0 rg BT 290.96 67.10 Td (advantages ) Tj ET Q q 0 0 0 rg BT 338.27 67.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 371.13 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.79 67.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 425.78 67.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 454.49 67.10 Td (including ) Tj ET Q q 0 0 0 rg BT 495.15 67.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 507.47 67.10 Td (an ) Tj ET Q q 0 0 0 rg BT 519.79 67.10 Td (innovative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 100.76 55.10 Td (model ) Tj ET Q q 0 0 0 rg BT 127.65 55.10 Td (that ) Tj ET Q q 0 0 0 rg BT 144.55 55.10 Td (ef) Tj ET Q q 0 0 0 rg BT 152.14 55.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 187.36 55.10 Td (connects ) Tj ET Q q 0 0 0 rg BT 224.25 55.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 261.69 55.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 290.26 55.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.60 55.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 340.15 55.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.39 55.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 381.44 55.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 395.55 55.10 Td (online ) Tj ET Q q 0 0 0 rg BT 422.45 55.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 466.01 55.10 Td (that ) Tj ET Q q 0 0 0 rg BT 482.90 55.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 535.36 55.10 Td (reduce ) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.63 742.10 Td (need ) Tj ET Q q 0 0 0 rg BT 87.93 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 103.01 742.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 139.75 742.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 197.03 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.89 742.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 251.63 742.10 Td (convenience, ) Tj ET Q q 0 0 0 rg BT 307.52 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.38 742.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 343.79 742.10 Td (data ) Tj ET Q q 0 0 0 rg BT 363.86 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.72 742.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 429.57 742.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 458.54 742.10 Td (automation ) Tj ET Q q 0 0 0 rg BT 506.94 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.36 742.10 Td (increases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 730.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 89.14 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 94.06 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.91 730.10 Td (improves ) Tj ET Q q 0 0 0 rg BT 150.54 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.17 730.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 204.24 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.09 730.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 255.72 730.10 Td (experience. ) Tj ET Q q 0 0 0 rg BT 303.76 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 312.40 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 319.25 730.10 Td (do ) Tj ET Q q 0 0 0 rg BT 331.67 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 346.86 730.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 378.70 730.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 414.44 730.10 Td (branches ) Tj ET Q q 0 0 0 rg BT 452.39 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 463.13 730.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 486.10 730.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 524.61 730.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.23 730.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.40 718.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 121.66 718.10 Td (like ) Tj ET Q q 0 0 0 rg BT 138.05 718.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 180.55 718.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 205.28 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 215.01 718.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 255.29 718.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 286.12 718.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 331.97 718.10 Td (do; ) Tj ET Q q 0 0 0 rg BT 346.15 718.10 Td (instead, ) Tj ET Q q 0 0 0 rg BT 378.37 718.10 Td (we ) Tj ET Q q 0 0 0 rg BT 391.43 718.10 Td (use ) Tj ET Q q 0 0 0 rg BT 406.16 718.10 Td (data ) Tj ET Q q 0 0 0 rg BT 424.22 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.06 718.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 485.89 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.07 718.10 Td (drive ) Tj ET Q q 0 0 0 rg BT 517.02 718.10 Td (automation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.14 706.10 Td (ef) Tj ET Q q 0 0 0 rg BT 74.73 706.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 109.63 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.11 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.14 706.10 Td (operation. ) Tj ET Q q 0 0 0 rg BT 178.51 706.10 Td (As ) Tj ET Q q 0 0 0 rg BT 192.33 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.47 706.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 226.89 706.10 Td (we ) Tj ET Q q 0 0 0 rg BT 241.25 706.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 272.82 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.85 706.10 Td (business ) Tj ET Q q 0 0 0 rg BT 325.45 706.10 Td (model ) Tj ET Q q 0 0 0 rg BT 353.14 706.10 Td (has ) Tj ET Q q 0 0 0 rg BT 369.17 706.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 394.65 706.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 435.11 706.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 457.81 706.10 Td (than ) Tj ET Q q 0 0 0 rg BT 477.73 706.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 521.53 706.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 547.56 706.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 91.43 694.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 123.41 694.10 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 172.92 694.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 210.47 694.10 Td (us ) Tj ET Q q 0 0 0 rg BT 221.92 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.26 694.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 262.58 694.10 Td (what ) Tj ET Q q 0 0 0 rg BT 284.57 694.10 Td (we ) Tj ET Q q 0 0 0 rg BT 298.79 694.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 330.21 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 339.44 694.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 367.54 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 391.76 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.75 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.74 694.10 Td (better ) Tj ET Q q 0 0 0 rg BT 441.06 694.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 486.92 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.14 694.10 Td (both ) Tj ET Q q 0 0 0 rg BT 521.47 694.10 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 682.10 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 652.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 652.10 Td (o ) Tj ET Q q 0 0 0 rg BT 98.97 652.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 140.40 652.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 186.00 652.10 Td (we ) Tj ET Q q 0 0 0 rg BT 200.21 652.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 231.64 652.10 Td (that ) Tj ET Q q 0 0 0 rg BT 249.19 652.10 Td (we ) Tj ET Q q 0 0 0 rg BT 263.41 652.10 Td (of) Tj ET Q q 0 0 0 rg BT 271.56 652.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 285.21 652.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 324.97 652.10 Td (better ) Tj ET Q q 0 0 0 rg BT 350.29 652.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 383.67 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 396.23 652.10 Td (average, ) Tj ET Q q 0 0 0 rg BT 432.37 652.10 Td (than ) Tj ET Q q 0 0 0 rg BT 452.14 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.92 652.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 497.80 652.10 Td (those ) Tj ET Q q 0 0 0 rg BT 521.46 652.10 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.93 640.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 95.30 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.23 640.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 157.83 640.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 183.52 640.10 Td (card ) Tj ET Q q 0 0 0 rg BT 203.66 640.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 241.02 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.28 640.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 295.75 640.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 343.12 640.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 367.15 640.10 Td (from ) Tj ET Q q 0 0 0 rg BT 389.52 640.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.89 640.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 440.92 640.10 Td (bank. ) Tj ET Q q 0 0 0 rg BT 465.58 640.10 Td (W) Tj ET Q q 0 0 0 rg BT 474.22 640.10 Td (e ) Tj ET Q q 0 0 0 rg BT 481.59 640.10 Td (also ) Tj ET Q q 0 0 0 rg BT 500.63 640.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 532.43 640.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.36 640.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 628.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 71.52 628.10 Td (faster ) Tj ET Q q 0 0 0 rg BT 95.99 628.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 135.48 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.19 628.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 171.67 628.10 Td (originations, ) Tj ET Q q 0 0 0 rg BT 224.22 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.93 628.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 270.95 628.10 Td (transparency) Tj ET Q q 0 0 0 rg BT 321.38 628.10 Td (, ) Tj ET Q q 0 0 0 rg BT 326.15 628.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 363.42 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.47 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.17 628.10 Td (better ) Tj ET Q q 0 0 0 rg BT 405.21 628.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 444.13 628.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 489.70 628.10 Td (than ) Tj ET Q q 0 0 0 rg BT 509.19 628.10 Td (that ) Tj ET Q q 0 0 0 rg BT 526.45 628.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 616.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 106.10 616.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 147.48 616.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 179.40 616.10 Td (lenders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 586.10 Td (o ) Tj ET Q q 0 0 0 rg BT 99.12 586.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 142.37 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.52 586.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 210.00 586.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 251.31 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 265.68 586.10 Td (of) Tj ET Q q 0 0 0 rg BT 273.83 586.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 287.63 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.77 586.10 Td (new ) Tj ET Q q 0 0 0 rg BT 314.14 586.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 336.28 586.10 Td (class ) Tj ET Q q 0 0 0 rg BT 358.43 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 376.13 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 390.49 586.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 422.07 586.10 Td (has ) Tj ET Q q 0 0 0 rg BT 438.10 586.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 478.01 586.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 495.71 586.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 531.74 586.10 Td (returns, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (transparency) Tj ET Q q 0 0 0 rg BT 100.43 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 105.43 574.10 Td (access ) Tj ET Q q 0 0 0 rg BT 133.47 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.75 574.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 185.13 574.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 211.24 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.17 574.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 253.44 574.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 289.27 574.10 Td (risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 544.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 104.33 544.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 155.96 544.10 Td (of) Tj ET Q q 0 0 0 rg BT 164.11 544.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 181.87 544.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 205.19 544.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 225.45 544.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 247.11 544.10 Td (amortizing, ) Tj ET Q q 0 0 0 rg BT 295.70 544.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 339.01 544.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 380.66 544.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 404.54 544.10 Td (from ) Tj ET Q q 0 0 0 rg BT 426.76 544.10 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 457.03 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.58 544.10 Td ($35,000. ) Tj ET Q q 0 0 0 rg BT 505.36 544.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 528.68 544.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 553.67 544.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (three ) Tj ET Q q 0 0 0 rg BT 72.83 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.11 532.10 Td (five ) Tj ET Q q 0 0 0 rg BT 108.50 532.10 Td (years ) Tj ET Q q 0 0 0 rg BT 132.45 532.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.50 532.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 188.93 532.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 233.43 532.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 256.27 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.34 532.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 304.73 532.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 334.24 532.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 371.52 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.15 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.21 532.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 436.70 532.10 Td (at ) Tj ET Q q 0 0 0 rg BT 446.76 532.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 469.61 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.89 532.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 506.95 532.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 539.79 532.10 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (sought. ) Tj ET Q q 0 0 0 rg BT 81.21 520.10 Td (All ) Tj ET Q q 0 0 0 rg BT 96.61 520.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 137.56 520.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 164.62 520.10 Td (are ) Tj ET Q q 0 0 0 rg BT 179.45 520.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 222.61 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.67 520.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 270.06 520.10 Td (by ) Tj ET Q q 0 0 0 rg BT 282.49 520.10 Td (W) Tj ET Q q 0 0 0 rg BT 291.13 520.10 Td (ebBank, ) Tj ET Q q 0 0 0 rg BT 326.80 520.10 Td (an ) Tj ET Q q 0 0 0 rg BT 338.86 520.10 Td (FDIC-insured, ) Tj ET Q q 0 0 0 rg BT 399.53 520.10 Td (state ) Tj ET Q q 0 0 0 rg BT 420.48 520.10 Td (chartered ) Tj ET Q q 0 0 0 rg BT 460.30 520.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 500.69 520.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 522.75 520.10 Td (or) Tj ET Q q 0 0 0 rg BT 530.90 520.10 Td (ganized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.93 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.30 508.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 109.79 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.27 508.10 Td (Utah. ) Tj ET Q q 0 0 0 rg BT 143.89 508.10 Td (As ) Tj ET Q q 0 0 0 rg BT 157.16 508.10 Td (part ) Tj ET Q q 0 0 0 rg BT 174.87 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.36 508.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 225.28 508.10 Td (our ) Tj ET Q q 0 0 0 rg BT 240.76 508.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 294.28 508.10 Td (we ) Tj ET Q q 0 0 0 rg BT 308.10 508.10 Td (verify ) Tj ET Q q 0 0 0 rg BT 334.13 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.50 508.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 381.21 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.70 508.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 434.40 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.00 508.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 477.60 508.10 Td (borrowers' ) Tj ET Q q 0 0 0 rg BT 522.10 508.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 547.02 508.10 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (profile ) Tj ET Q q 0 0 0 rg BT 79.72 496.10 Td (using ) Tj ET Q q 0 0 0 rg BT 104.46 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.97 496.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 165.03 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.43 496.10 Td (public ) Tj ET Q q 0 0 0 rg BT 204.49 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.00 496.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 269.49 496.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 291.72 496.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 310.34 496.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 357.83 496.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 405.33 496.10 Td (automates ) Tj ET Q q 0 0 0 rg BT 448.94 496.10 Td (several ) Tj ET Q q 0 0 0 rg BT 480.33 496.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 500.61 496.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 547.56 496.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 87.95 484.10 Td (functions, ) Tj ET Q q 0 0 0 rg BT 128.96 484.10 Td (including ) Tj ET Q q 0 0 0 rg BT 168.02 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.53 484.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 219.47 484.10 Td (application ) Tj ET Q q 0 0 0 rg BT 265.19 484.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 298.97 484.10 Td (data ) Tj ET Q q 0 0 0 rg BT 316.92 484.10 Td (gathering, ) Tj ET Q q 0 0 0 rg BT 358.47 484.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 382.53 484.10 Td (scoring, ) Tj ET Q q 0 0 0 rg BT 415.76 484.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 434.27 484.10 Td (funding, ) Tj ET Q q 0 0 0 rg BT 469.17 484.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 507.12 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.85 484.10 Td (servicing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 93.59 472.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 142.18 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.12 472.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 182.72 472.10 Td (detection.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 125.07 442.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 151.36 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.55 442.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 202.27 442.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 229.12 442.10 Td (through ) Tj ET Q q 0 0 0 rg BT 262.64 442.10 Td (two ) Tj ET Q q 0 0 0 rg BT 280.04 442.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 317.44 442.10 Td (- ) Tj ET Q q 0 0 0 rg BT 323.17 442.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 335.02 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.64 442.10 Td (first ) Tj ET Q q 0 0 0 rg BT 368.16 442.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 401.66 442.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 430.17 442.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 468.69 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.88 442.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 516.82 442.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 542.56 442.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 72.65 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.79 430.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 129.04 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.29 430.10 Td (which ) Tj ET Q q 0 0 0 rg BT 167.65 430.10 Td (are ) Tj ET Q q 0 0 0 rg BT 182.78 430.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 226.79 430.10 Td (on ) Tj ET Q q 0 0 0 rg BT 239.71 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.85 430.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 296.10 430.10 Td (made ) Tj ET Q q 0 0 0 rg BT 320.68 430.10 Td (on ) Tj ET Q q 0 0 0 rg BT 333.60 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.73 430.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 408.86 430.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 450.10 430.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 473.57 430.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 492.04 430.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 518.48 430.10 Td (Channel"\); ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.49 418.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 82.76 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.03 418.10 Td (second ) Tj ET Q q 0 0 0 rg BT 128.85 418.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 163.00 418.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 192.16 418.10 Td (accredited ) Tj ET Q q 0 0 0 rg BT 236.29 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.79 418.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 304.62 418.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 343.78 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.61 418.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 393.20 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.69 418.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 442.07 418.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 465.67 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 476.50 418.10 Td (their ) Tj ET Q q 0 0 0 rg BT 497.88 418.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 531.47 418.10 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 406.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 88.80 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.30 406.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 109.35 406.10 Td ("Whole ) Tj ET Q q 0 0 0 rg BT 142.58 406.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 165.63 406.10 Td (Channel"\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (How Our) Tj ET Q q 0 0 0 rg BT 90.10 376.10 Td ( Marketplace ) Tj ET Q q 0 0 0 rg BT 149.34 376.10 Td (W) Tj ET Q q 0 0 0 rg BT 158.79 376.10 Td (orks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.02 346.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 153.35 346.10 Td (that ) Tj ET Q q 0 0 0 rg BT 169.82 346.10 Td (we ) Tj ET Q q 0 0 0 rg BT 182.95 346.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 213.85 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 222.00 346.10 Td (an ) Tj ET Q q 0 0 0 rg BT 232.91 346.10 Td (online ) Tj ET Q q 0 0 0 rg BT 259.38 346.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 309.71 346.10 Td (that ) Tj ET Q q 0 0 0 rg BT 326.18 346.10 Td (matches ) Tj ET Q q 0 0 0 rg BT 360.41 346.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 406.33 346.10 Td (who ) Tj ET Q q 0 0 0 rg BT 425.03 346.10 Td (wish ) Tj ET Q q 0 0 0 rg BT 445.39 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.64 346.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 481.11 346.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 523.12 346.10 Td (consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 74.03 334.10 Td (\("borrowers"\) ) Tj ET Q q 0 0 0 rg BT 132.31 334.10 Td (with ) Tj ET Q q 0 0 0 rg BT 153.01 334.10 Td (those ) Tj ET Q q 0 0 0 rg BT 177.03 334.10 Td (who ) Tj ET Q q 0 0 0 rg BT 197.17 334.10 Td (are ) Tj ET Q q 0 0 0 rg BT 212.29 334.10 Td (willing ) Tj ET Q q 0 0 0 rg BT 243.55 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.24 334.10 Td (help ) Tj ET Q q 0 0 0 rg BT 274.38 334.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 295.63 334.10 Td (those ) Tj ET Q q 0 0 0 rg BT 319.65 334.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 343.68 334.10 Td (\("investors"\). ) Tj ET Q q 0 0 0 rg BT 399.38 334.10 Td (A) Tj ET Q q 0 0 0 rg BT 406.05 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.97 334.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 448.54 334.10 Td (who ) Tj ET Q q 0 0 0 rg BT 468.68 334.10 Td (wishes ) Tj ET Q q 0 0 0 rg BT 498.82 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.51 334.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 537.42 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 544.78 334.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (through ) Tj ET Q q 0 0 0 rg BT 84.33 322.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.89 322.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 152.98 322.10 Td (must ) Tj ET Q q 0 0 0 rg BT 175.65 322.10 Td (post ) Tj ET Q q 0 0 0 rg BT 195.55 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.21 322.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 223.66 322.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 251.89 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.89 322.10 Td (our ) Tj ET Q q 0 0 0 rg BT 279.45 322.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 334.03 322.10 Td (If ) Tj ET Q q 0 0 0 rg BT 343.92 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 351.58 322.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 379.82 322.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 415.80 322.10 Td (enough ) Tj ET Q q 0 0 0 rg BT 448.46 322.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 483.90 322.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 541.57 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.57 322.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (funded, ) Tj ET Q q 0 0 0 rg BT 82.22 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 90.86 310.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 123.50 310.10 Td (will ) Tj ET Q q 0 0 0 rg BT 141.16 310.10 Td (originate ) Tj ET Q q 0 0 0 rg BT 178.80 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.12 310.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 212.44 310.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 252.86 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.40 310.10 Td (then ) Tj ET Q q 0 0 0 rg BT 288.71 310.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 304.70 310.10 Td (it ) Tj ET Q q 0 0 0 rg BT 312.36 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.24 310.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 344.07 310.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 366.16 310.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 387.70 310.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 414.80 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.34 310.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 450.11 310.10 Td (by ) Tj ET Q q 0 0 0 rg BT 462.21 310.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 479.07 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.17 310.10 Td (comes ) Tj ET Q q 0 0 0 rg BT 508.82 310.10 Td (attached ) Tj ET Q q 0 0 0 rg BT 544.23 310.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 298.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 77.22 298.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 131.92 298.10 Td (Right ) Tj ET Q q 0 0 0 rg BT 156.65 298.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 184.15 298.10 Td (by ) Tj ET Q q 0 0 0 rg BT 196.65 298.10 Td (PMI.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 268.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.08 268.10 Td (order ) Tj ET Q q 0 0 0 rg BT 120.92 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.45 268.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 159.19 268.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.38 268.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 186.35 268.10 Td (through ) Tj ET Q q 0 0 0 rg BT 220.20 268.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.28 268.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 290.39 268.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.57 268.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 336.97 268.10 Td (must ) Tj ET Q q 0 0 0 rg BT 359.17 268.10 Td (first ) Tj ET Q q 0 0 0 rg BT 378.02 268.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 417.42 268.10 Td (a ) Tj ET Q q 0 0 0 rg BT 424.61 268.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 444.57 268.10 Td (application. ) Tj ET Q q 0 0 0 rg BT 494.05 268.10 Td (W) Tj ET Q q 0 0 0 rg BT 502.69 268.10 Td (e ) Tj ET Q q 0 0 0 rg BT 509.88 268.10 Td (then ) Tj ET Q q 0 0 0 rg BT 529.84 268.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 557.58 268.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.41 256.10 Td (report ) Tj ET Q q 0 0 0 rg BT 101.93 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 114.57 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.43 256.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 168.72 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.80 256.10 Td (use ) Tj ET Q q 0 0 0 rg BT 201.78 256.10 Td (data ) Tj ET Q q 0 0 0 rg BT 221.08 256.10 Td (from ) Tj ET Q q 0 0 0 rg BT 243.16 256.10 Td (that ) Tj ET Q q 0 0 0 rg BT 260.80 256.10 Td (report ) Tj ET Q q 0 0 0 rg BT 287.32 256.10 Td (as ) Tj ET Q q 0 0 0 rg BT 298.29 256.10 Td (well ) Tj ET Q q 0 0 0 rg BT 318.15 256.10 Td (as ) Tj ET Q q 0 0 0 rg BT 329.12 256.10 Td (data ) Tj ET Q q 0 0 0 rg BT 348.42 256.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 384.95 256.10 Td (by ) Tj ET Q q 0 0 0 rg BT 397.59 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.45 256.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 451.75 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.17 256.10 Td (assign ) Tj ET Q q 0 0 0 rg BT 489.81 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.89 256.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 514.54 256.10 Td (grade ) Tj ET Q q 0 0 0 rg BT 539.39 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.81 256.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (listing, ) Tj ET Q q 0 0 0 rg BT 80.25 244.10 Td (which ) Tj ET Q q 0 0 0 rg BT 107.43 244.10 Td (is ) Tj ET Q q 0 0 0 rg BT 116.84 244.10 Td (called ) Tj ET Q q 0 0 0 rg BT 143.46 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.64 244.10 Td ("Prosper ) Tj ET Q q 0 0 0 rg BT 188.02 244.10 Td (Rating." ) Tj ET Q q 0 0 0 rg BT 224.01 244.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 246.74 244.10 Td (time ) Tj ET Q q 0 0 0 rg BT 267.25 244.10 Td (we ) Tj ET Q q 0 0 0 rg BT 281.66 244.10 Td (post ) Tj ET Q q 0 0 0 rg BT 301.07 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.25 244.10 Td (group ) Tj ET Q q 0 0 0 rg BT 334.32 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.40 244.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 377.04 244.10 Td (on ) Tj ET Q q 0 0 0 rg BT 389.78 244.10 Td (our ) Tj ET Q q 0 0 0 rg BT 405.85 244.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 459.95 244.10 Td (we ) Tj ET Q q 0 0 0 rg BT 474.36 244.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 517.08 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.04 244.10 Td (relative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (proportions ) Tj ET Q q 0 0 0 rg BT 98.90 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.01 232.10 Td (such ) Tj ET Q q 0 0 0 rg BT 131.13 232.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 162.82 232.10 Td (that ) Tj ET Q q 0 0 0 rg BT 180.60 232.10 Td (will ) Tj ET Q q 0 0 0 rg BT 198.95 232.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.17 232.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 250.05 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.62 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.62 232.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 297.85 232.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 333.96 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.19 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.99 232.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 395.43 232.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 418.77 232.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 457.38 232.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 505.04 232.10 Td (, ) Tj ET Q q 0 0 0 rg BT 510.33 232.10 Td (based ) Tj ET Q q 0 0 0 rg BT 535.89 232.10 Td (on ) Tj ET Q q 0 0 0 rg BT 548.68 232.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 86.60 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.21 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.71 220.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 146.97 220.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 178.02 220.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 212.95 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.01 220.10 Td (each ) Tj ET Q q 0 0 0 rg BT 245.61 220.10 Td (channel. ) Tj ET Q q 0 0 0 rg BT 282.25 220.10 Td (W) Tj ET Q q 0 0 0 rg BT 290.89 220.10 Td (e ) Tj ET Q q 0 0 0 rg BT 298.61 220.10 Td (then ) Tj ET Q q 0 0 0 rg BT 319.10 220.10 Td (use ) Tj ET Q q 0 0 0 rg BT 335.71 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.43 220.10 Td (random ) Tj ET Q q 0 0 0 rg BT 377.26 220.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 419.97 220.10 Td (methodology ) Tj ET Q q 0 0 0 rg BT 476.03 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.09 220.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 521.46 220.10 Td (individual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 82.03 208.10 Td (between ) Tj ET Q q 0 0 0 rg BT 118.48 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.83 208.10 Td (two ) Tj ET Q q 0 0 0 rg BT 151.96 208.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 190.08 208.10 Td (based ) Tj ET Q q 0 0 0 rg BT 215.99 208.10 Td (on ) Tj ET Q q 0 0 0 rg BT 229.12 208.10 Td (those ) Tj ET Q q 0 0 0 rg BT 253.36 208.10 Td (proportions. ) Tj ET Q q 0 0 0 rg BT 304.88 208.10 Td (W) Tj ET Q q 0 0 0 rg BT 313.51 208.10 Td (e ) Tj ET Q q 0 0 0 rg BT 321.09 208.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 360.31 208.10 Td (post ) Tj ET Q q 0 0 0 rg BT 380.12 208.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 412.15 208.10 Td (on ) Tj ET Q q 0 0 0 rg BT 425.28 208.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.75 208.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 493.74 208.10 Td (twice ) Tj ET Q q 0 0 0 rg BT 518.53 208.10 Td (per ) Tj ET Q q 0 0 0 rg BT 534.43 208.10 Td (day ) Tj ET Q q 0 0 0 rg BT 552.00 208.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (weekdays ) Tj ET Q q 0 0 0 rg BT 91.31 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.63 196.10 Td (once ) Tj ET Q q 0 0 0 rg BT 128.39 196.10 Td (per ) Tj ET Q q 0 0 0 rg BT 143.04 196.10 Td (day ) Tj ET Q q 0 0 0 rg BT 159.36 196.10 Td (on ) Tj ET Q q 0 0 0 rg BT 171.25 196.10 Td (weekends, ) Tj ET Q q 0 0 0 rg BT 215.06 196.10 Td (although ) Tj ET Q q 0 0 0 rg BT 251.93 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.03 196.10 Td (frequency ) Tj ET Q q 0 0 0 rg BT 307.89 196.10 Td (with ) Tj ET Q q 0 0 0 rg BT 327.55 196.10 Td (which ) Tj ET Q q 0 0 0 rg BT 353.87 196.10 Td (we ) Tj ET Q q 0 0 0 rg BT 367.41 196.10 Td (post ) Tj ET Q q 0 0 0 rg BT 385.97 196.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 416.75 196.10 Td (may ) Tj ET Q q 0 0 0 rg BT 435.84 196.10 Td (change ) Tj ET Q q 0 0 0 rg BT 466.04 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.70 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.80 196.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 517.93 196.10 Td (The ) Tj ET Q q 0 0 0 rg BT 535.35 196.10 Td (format ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.95 184.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 95.13 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 104.09 184.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 132.49 184.10 Td (below) Tj ET Q q 0 0 0 rg BT 156.28 184.10 Td (. ) Tj ET Q q 0 0 0 rg BT 160.90 184.10 Td (The ) Tj ET Q q 0 0 0 rg BT 178.73 184.10 Td (images ) Tj ET Q q 0 0 0 rg BT 209.34 184.10 Td (are ) Tj ET Q q 0 0 0 rg BT 223.84 184.10 Td (not 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 338.60 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 338.60 Td (e ) Tj ET Q q 0 0 0 rg BT 100.90 338.60 Td (attract ) Tj ET Q q 0 0 0 rg BT 127.70 338.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 165.63 338.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.89 338.60 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 224.26 338.60 Td (to ) Tj ET Q q 0 0 0 rg BT 233.86 338.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.90 338.60 Td (website ) Tj ET Q q 0 0 0 rg BT 280.27 338.60 Td (through ) Tj ET Q q 0 0 0 rg BT 313.20 338.60 Td (a ) Tj ET Q q 0 0 0 rg BT 319.46 338.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 349.05 338.60 Td (of ) Tj ET Q q 0 0 0 rg BT 359.20 338.60 Td (sources, ) Tj ET Q q 0 0 0 rg BT 393.51 338.60 Td (including ) Tj ET Q q 0 0 0 rg BT 433.11 338.60 Td (referrals ) Tj ET Q q 0 0 0 rg BT 468.24 338.60 Td (from ) Tj ET Q q 0 0 0 rg BT 489.50 338.60 Td (other ) Tj ET Q q 0 0 0 rg BT 511.87 338.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 540.35 338.60 Td (\(such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.60 Td (as ) Tj ET Q q 0 0 0 rg BT 61.95 326.60 Td (online ) Tj ET Q q 0 0 0 rg BT 90.56 326.60 Td (communities, ) Tj ET Q q 0 0 0 rg BT 148.33 326.60 Td (social ) Tj ET Q q 0 0 0 rg BT 175.27 326.60 Td (networks ) Tj ET Q q 0 0 0 rg BT 215.55 326.60 Td (and ) Tj ET Q q 0 0 0 rg BT 233.60 326.60 Td (marketers\), ) Tj ET Q q 0 0 0 rg BT 282.47 326.60 Td (search ) Tj ET Q q 0 0 0 rg BT 311.63 326.60 Td (engine ) Tj ET Q q 0 0 0 rg BT 341.90 326.60 Td (results ) Tj ET Q q 0 0 0 rg BT 371.62 326.60 Td (and ) Tj ET Q q 0 0 0 rg BT 389.68 326.60 Td (online ) Tj ET Q q 0 0 0 rg BT 418.29 326.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.34 326.60 Td (of) Tj ET Q q 0 0 0 rg BT 444.49 326.60 Td (fline ) Tj ET Q q 0 0 0 rg BT 466.43 326.60 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 516.72 326.60 Td (W) Tj ET Q q 0 0 0 rg BT 525.36 326.60 Td (e ) Tj ET Q q 0 0 0 rg BT 533.41 326.60 Td (are ) Tj ET Q q 0 0 0 rg BT 549.23 326.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 93.59 314.60 Td (on ) Tj ET Q q 0 0 0 rg BT 106.09 314.60 Td (any ) Tj ET Q q 0 0 0 rg BT 123.03 314.60 Td (one ) Tj ET Q q 0 0 0 rg BT 139.97 314.60 Td (source ) Tj ET Q q 0 0 0 rg BT 168.57 314.60 Td (of ) Tj ET Q q 0 0 0 rg BT 179.40 314.60 Td (traf) Tj ET Q q 0 0 0 rg BT 193.10 314.60 Td (fic ) Tj ET Q q 0 0 0 rg BT 206.14 314.60 Td (to ) Tj ET Q q 0 0 0 rg BT 216.42 314.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.14 314.60 Td (website.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.60 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 284.60 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 106.92 284.60 Td (Participants, ) Tj ET Q q 0 0 0 rg BT 164.14 284.60 Td (Registration ) Tj ET Q q 0 0 0 rg BT 219.41 284.60 Td (Requir) Tj ET Q q 0 0 0 rg BT 249.23 284.60 Td (ements ) Tj ET Q q 0 0 0 rg BT 281.72 284.60 Td (and ) Tj ET Q q 0 0 0 rg BT 300.34 284.60 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 345.62 284.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 357.10 284.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 375.71 284.60 Td (Criteria) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 254.60 Td (All ) Tj ET Q q 0 0 0 rg BT 101.95 254.60 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 153.97 254.60 Td (participants ) Tj ET Q q 0 0 0 rg BT 203.79 254.60 Td (must ) Tj ET Q q 0 0 0 rg BT 226.41 254.60 Td (register ) Tj ET Q q 0 0 0 rg BT 259.56 254.60 Td (with ) Tj ET Q q 0 0 0 rg BT 280.51 254.60 Td (PFL) Tj ET Q q 0 0 0 rg BT 297.37 254.60 Td ( ) Tj ET Q q 0 0 0 rg BT 300.54 254.60 Td (and ) Tj ET Q q 0 0 0 rg BT 318.15 254.60 Td (agree ) Tj ET Q q 0 0 0 rg BT 342.96 254.60 Td (to ) Tj ET Q q 0 0 0 rg BT 353.91 254.60 Td (our ) Tj ET Q q 0 0 0 rg BT 370.41 254.60 Td (marketplace's ) Tj ET Q q 0 0 0 rg BT 428.13 254.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 450.74 254.60 Td (and ) Tj ET Q q 0 0 0 rg BT 468.34 254.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 493.73 254.60 Td (of ) Tj ET Q q 0 0 0 rg BT 505.23 254.60 Td (use, ) Tj ET Q q 0 0 0 rg BT 524.23 254.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.60 Td (consent ) Tj ET Q q 0 0 0 rg BT 83.47 242.60 Td (to ) Tj ET Q q 0 0 0 rg BT 94.17 242.60 Td (doing ) Tj ET Q q 0 0 0 rg BT 119.87 242.60 Td (business ) Tj ET Q q 0 0 0 rg BT 156.68 242.60 Td (electronically) Tj ET Q q 0 0 0 rg BT 210.45 242.60 Td (. ) Tj ET Q q 0 0 0 rg BT 215.22 242.60 Td (At ) Tj ET Q q 0 0 0 rg BT 228.14 242.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.28 242.60 Td (time ) Tj ET Q q 0 0 0 rg BT 263.98 242.60 Td (of ) Tj ET Q q 0 0 0 rg BT 275.23 242.60 Td (registration, ) Tj ET Q q 0 0 0 rg BT 326.19 242.60 Td (individuals ) Tj ET Q q 0 0 0 rg BT 373.56 242.60 Td (or ) Tj ET Q q 0 0 0 rg BT 384.81 242.60 Td (authorized ) Tj ET Q q 0 0 0 rg BT 429.93 242.60 Td (institutional ) Tj ET Q q 0 0 0 rg BT 480.63 242.60 Td (agents ) Tj ET Q q 0 0 0 rg BT 509.10 242.60 Td (must ) Tj ET Q q 0 0 0 rg BT 531.47 242.60 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.60 Td (their ) Tj ET Q q 0 0 0 rg BT 71.95 230.60 Td (name, ) Tj ET Q q 0 0 0 rg BT 99.72 230.60 Td (address ) Tj ET Q q 0 0 0 rg BT 133.33 230.60 Td (and ) Tj ET Q q 0 0 0 rg BT 151.39 230.60 Td (an ) Tj ET Q q 0 0 0 rg BT 164.45 230.60 Td (email ) Tj ET Q q 0 0 0 rg BT 190.28 230.60 Td (address. ) Tj ET Q q 0 0 0 rg BT 225.59 230.60 Td (After ) Tj ET Q q 0 0 0 rg BT 250.31 230.60 Td (responding ) Tj ET Q q 0 0 0 rg BT 298.37 230.60 Td (to ) Tj ET Q q 0 0 0 rg BT 309.77 230.60 Td (an ) Tj ET Q q 0 0 0 rg BT 322.83 230.60 Td (email ) Tj ET Q q 0 0 0 rg BT 348.66 230.60 Td (verification, ) Tj ET Q q 0 0 0 rg BT 400.87 230.60 Td (registrants ) Tj ET Q q 0 0 0 rg BT 446.15 230.60 Td (must ) Tj ET Q q 0 0 0 rg BT 469.22 230.60 Td (agree ) Tj ET Q q 0 0 0 rg BT 494.48 230.60 Td (to ) Tj ET Q q 0 0 0 rg BT 505.88 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 521.72 230.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 547.56 230.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 93.25 218.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 135.94 218.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.74 218.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 192.41 218.60 Td (registration ) Tj ET Q q 0 0 0 rg BT 239.53 218.60 Td (agreement\) ) Tj ET Q q 0 0 0 rg BT 286.09 218.60 Td (for ) Tj ET Q q 0 0 0 rg BT 299.33 218.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.13 218.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 345.81 218.60 Td (borrower ) Tj ET Q q 0 0 0 rg BT 384.04 218.60 Td (or ) Tj ET Q q 0 0 0 rg BT 393.96 218.60 Td (investor ) Tj ET Q q 0 0 0 rg BT 427.76 218.60 Td (role ) Tj ET Q q 0 0 0 rg BT 444.89 218.60 Td (for ) Tj ET Q q 0 0 0 rg BT 458.13 218.60 Td (which ) Tj ET Q q 0 0 0 rg BT 484.15 218.60 Td (they ) Tj ET Q q 0 0 0 rg BT 502.95 218.60 Td (are ) Tj ET Q q 0 0 0 rg BT 516.74 218.60 Td (registering.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 188.60 Td (Borrowers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 158.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 106.23 158.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 137.00 158.60 Td (person ) Tj ET Q q 0 0 0 rg BT 166.67 158.60 Td (at ) Tj ET Q q 0 0 0 rg BT 176.89 158.60 Td (least ) Tj ET Q q 0 0 0 rg BT 198.23 158.60 Td (18 ) Tj ET Q q 0 0 0 rg BT 211.23 158.60 Td (years ) Tj ET Q q 0 0 0 rg BT 235.34 158.60 Td (of ) Tj ET Q q 0 0 0 rg BT 246.68 158.60 Td (age ) Tj ET Q q 0 0 0 rg BT 263.56 158.60 Td (who ) Tj ET Q q 0 0 0 rg BT 283.79 158.60 Td (is ) Tj ET Q q 0 0 0 rg BT 293.47 158.60 Td (a ) Tj ET Q q 0 0 0 rg BT 300.92 158.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 321.71 158.60 Td (resident ) Tj ET Q q 0 0 0 rg BT 356.37 158.60 Td (in ) Tj ET Q q 0 0 0 rg BT 367.16 158.60 Td (a ) Tj ET Q q 0 0 0 rg BT 374.60 158.60 Td (state ) Tj ET Q q 0 0 0 rg BT 395.94 158.60 Td (where ) Tj ET Q q 0 0 0 rg BT 423.37 158.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 447.49 158.60 Td (through ) Tj ET Q q 0 0 0 rg BT 481.61 158.60 Td (our ) Tj ET Q q 0 0 0 rg BT 497.94 158.60 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 549.81 158.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.60 Td (available ) Tj ET Q q 0 0 0 rg BT 88.42 146.60 Td (with ) Tj ET Q q 0 0 0 rg BT 108.52 146.60 Td (a ) Tj ET Q q 0 0 0 rg BT 115.29 146.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 137.05 146.60 Td (account ) Tj ET Q q 0 0 0 rg BT 170.47 146.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.24 146.60 Td (a ) Tj ET Q q 0 0 0 rg BT 194.00 146.60 Td (social ) Tj ET Q q 0 0 0 rg BT 219.65 146.60 Td (security ) Tj ET Q q 0 0 0 rg BT 253.64 146.60 Td (number ) Tj ET Q q 0 0 0 rg BT 286.51 146.60 Td (may ) Tj ET Q q 0 0 0 rg BT 306.05 146.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 330.60 146.60 Td (to ) Tj ET Q q 0 0 0 rg BT 340.70 146.60 Td (become ) Tj ET Q q 0 0 0 rg BT 374.12 146.60 Td (a ) Tj ET Q q 0 0 0 rg BT 380.89 146.60 Td (borrower ) Tj ET Q q 0 0 0 rg BT 419.86 146.60 Td (by ) Tj ET Q q 0 0 0 rg BT 432.19 146.60 Td (registering ) Tj ET Q q 0 0 0 rg BT 477.28 146.60 Td (at ) Tj ET Q q 0 0 0 rg BT 486.82 146.60 Td (www) Tj ET Q q 0 0 0 rg BT 507.84 146.60 Td (.prosper) Tj ET Q q 0 0 0 rg BT 539.78 146.60 Td (.com. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.60 Td (After ) Tj ET Q q 0 0 0 rg BT 73.82 134.60 Td (passing ) Tj ET Q q 0 0 0 rg BT 106.55 134.60 Td (the ) Tj ET Q q 0 0 0 rg BT 121.49 134.60 Td (anti-fraud ) Tj ET Q q 0 0 0 rg BT 163.63 134.60 Td (and ) Tj ET Q q 0 0 0 rg BT 180.80 134.60 Td (identity ) Tj ET Q q 0 0 0 rg BT 214.07 134.60 Td (verification ) Tj ET Q q 0 0 0 rg BT 262.88 134.60 Td (process, ) Tj ET Q q 0 0 0 rg BT 298.10 134.60 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 341.36 134.60 Td (can ) Tj ET Q q 0 0 0 rg BT 357.96 134.60 Td (request ) Tj ET Q q 0 0 0 rg BT 389.56 134.60 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 432.83 134.60 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 473.87 134.60 Td (Loans ) Tj ET Q q 0 0 0 rg BT 501.03 134.60 Td (at ) Tj ET Q q 0 0 0 rg BT 510.97 134.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 543.13 134.60 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.60 Td (set ) Tj ET Q q 0 0 0 rg BT 63.61 122.60 Td (by ) Tj ET Q q 0 0 0 rg BT 76.11 122.60 Td (us. ) Tj ET Q q 0 0 0 rg BT 89.82 122.60 Td (W) Tj ET Q q 0 0 0 rg BT 98.46 122.60 Td (e ) Tj ET Q q 0 0 0 rg BT 105.40 122.60 Td (set ) Tj ET Q q 0 0 0 rg BT 119.00 122.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 160.40 122.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 185.66 122.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.60 122.60 Td (other ) Tj ET Q q 0 0 0 rg BT 225.64 122.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 250.91 122.60 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 294.51 122.60 Td (for ) Tj ET Q q 0 0 0 rg BT 308.67 122.60 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 354.21 122.60 Td (as ) Tj ET Q q 0 0 0 rg BT 365.04 122.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 405.87 122.60 Td (in ) Tj ET Q q 0 0 0 rg BT 416.15 122.60 Td (the ) Tj ET Q q 0 0 0 rg BT 430.87 122.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 448.37 122.60 Td (grading ) Tj ET Q q 0 0 0 rg BT 481.42 122.60 Td (section.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 92.60 Td (When ) Tj ET Q q 0 0 0 rg BT 112.48 92.60 Td (a ) Tj ET Q q 0 0 0 rg BT 119.52 92.60 Td (borrower ) Tj ET Q q 0 0 0 rg BT 158.77 92.60 Td (requests ) Tj ET Q q 0 0 0 rg BT 194.14 92.60 Td (a ) Tj ET Q q 0 0 0 rg BT 201.19 92.60 Td (loan, ) Tj ET Q q 0 0 0 rg BT 223.50 92.60 Td (we ) Tj ET Q q 0 0 0 rg BT 237.77 92.60 Td (first ) Tj ET Q q 0 0 0 rg BT 256.48 92.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 292.39 92.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 327.20 92.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.02 92.60 Td (borrower ) Tj ET Q q 0 0 0 rg BT 381.27 92.60 Td (meets ) Tj ET Q q 0 0 0 rg BT 407.20 92.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.02 92.60 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 476.28 92.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 507.19 92.60 Td (established ) Tj ET Q q 0 0 0 rg BT 554.23 92.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.60 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 99.88 80.60 Td (with ) Tj ET Q q 0 0 0 rg BT 120.14 80.60 Td (W) Tj ET Q q 0 0 0 rg BT 128.77 80.60 Td (ebBank. ) Tj ET Q q 0 0 0 rg BT 164.30 80.60 Td (W) Tj ET Q q 0 0 0 rg BT 172.94 80.60 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 206.15 80.60 Td (originates ) Tj ET Q q 0 0 0 rg BT 248.26 80.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 272.03 80.60 Td (to ) Tj ET Q q 0 0 0 rg BT 282.48 80.60 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 325.69 80.60 Td (and ) Tj ET Q q 0 0 0 rg BT 342.80 80.60 Td (then ) Tj ET Q q 0 0 0 rg BT 362.69 80.60 Td (sells ) Tj ET Q q 0 0 0 rg BT 383.14 80.60 Td (and ) Tj ET Q q 0 0 0 rg BT 400.25 80.60 Td (assigns ) Tj ET Q q 0 0 0 rg BT 431.81 80.60 Td (the ) Tj ET Q q 0 0 0 rg BT 446.69 80.60 Td (promissory ) Tj ET Q q 0 0 0 rg BT 494.36 80.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 518.14 80.60 Td (evidencing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.60 Td (those ) Tj ET Q q 0 0 0 rg BT 73.88 68.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 97.76 68.60 Td (to ) Tj ET Q q 0 0 0 rg BT 108.31 68.60 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 130.61 68.60 Td (The ) Tj ET Q q 0 0 0 rg BT 148.92 68.60 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 203.35 68.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 234.43 68.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 259.42 68.60 Td (for ) Tj ET Q q 0 0 0 rg BT 273.85 68.60 Td (all ) Tj ET Q q 0 0 0 rg BT 286.61 68.60 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 327.70 68.60 Td (Loans ) Tj ET Q q 0 0 0 rg BT 354.91 68.60 Td (originated ) Tj ET Q q 0 0 0 rg BT 398.22 68.60 Td (through ) Tj ET Q q 0 0 0 rg BT 432.10 68.60 Td (our ) Tj ET Q q 0 0 0 rg BT 448.20 68.60 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 499.83 68.60 Td (and ) Tj ET Q q 0 0 0 rg BT 517.04 68.60 Td (may ) Tj ET Q q 0 0 0 rg BT 537.02 68.60 Td (not ) Tj ET Q q 0 0 0 rg BT 552.57 68.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.60 Td (changed ) Tj ET Q q 0 0 0 rg BT 85.76 56.60 Td (without ) Tj ET Q q 0 0 0 rg BT 118.59 56.60 Td (W) Tj ET Q q 0 0 0 rg BT 127.22 56.60 Td (ebBank's ) Tj ET Q q 0 0 0 rg BT 165.91 56.60 Td (consent. ) Tj ET Q q 0 0 0 rg BT 200.86 56.60 Td (All ) Tj ET Q q 0 0 0 rg BT 216.08 56.60 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 259.07 56.60 Td (who ) Tj ET Q q 0 0 0 rg BT 278.74 56.60 Td (request ) Tj ET Q q 0 0 0 rg BT 310.06 56.60 Td (a ) Tj ET Q q 0 0 0 rg BT 316.95 56.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 336.61 56.60 Td (are ) Tj ET Q q 0 0 0 rg BT 351.26 56.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 382.03 56.60 Td (to ) Tj ET Q q 0 0 0 rg BT 392.25 56.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.92 56.60 Td (following ) Tj ET Q q 0 0 0 rg BT 448.25 56.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 489.58 56.60 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 530.92 56.60 Td (criteria: ) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.82 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 84.85 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 94.22 742.10 Td (least ) Tj ET Q q 0 0 0 rg BT 114.70 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.30 742.10 Td (640 ) Tj ET Q q 0 0 0 rg BT 138.45 742.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 163.37 742.10 Td (score, ) Tj ET Q q 0 0 0 rg BT 189.13 742.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 202.94 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 223.97 742.10 Td (fewer ) Tj ET Q q 0 0 0 rg BT 248.89 742.10 Td (than ) Tj ET Q q 0 0 0 rg BT 268.26 742.10 Td (five ) Tj ET Q q 0 0 0 rg BT 285.96 742.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 310.88 742.10 Td (bureau ) Tj ET Q q 0 0 0 rg BT 340.25 742.10 Td (inquiries ) Tj ET Q q 0 0 0 rg BT 377.40 742.10 Td (\(after ) Tj ET Q q 0 0 0 rg BT 401.20 742.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 442.79 742.10 Td (duplicate ) Tj ET Q q 0 0 0 rg BT 481.59 742.10 Td (inquiries\) ) Tj ET Q q 0 0 0 rg BT 522.08 742.10 Td (within ) Tj ET Q q 0 0 0 rg BT 549.79 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (last ) Tj ET Q q 0 0 0 rg BT 66.17 730.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 73.45 730.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 107.68 730.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 121.62 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 142.78 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 154.50 730.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 183.44 730.10 Td (income ) Tj ET Q q 0 0 0 rg BT 215.15 730.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 245.19 730.10 Td (than ) Tj ET Q q 0 0 0 rg BT 264.69 730.10 Td ($0, ) Tj ET Q q 0 0 0 rg BT 279.47 730.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 293.41 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 314.57 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 321.29 730.10 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 384.66 730.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 405.27 730.10 Td (below ) Tj ET Q q 0 0 0 rg BT 431.99 730.10 Td (50%, ) Tj ET Q q 0 0 0 rg BT 455.10 730.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 469.04 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 490.20 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 499.70 730.10 Td (least ) Tj ET Q q 0 0 0 rg BT 520.31 730.10 Td (three ) Tj ET Q q 0 0 0 rg BT 542.57 730.10 Td (open ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (trades ) Tj ET Q q 0 0 0 rg BT 76.38 718.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 112.19 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 124.69 718.10 Td (their ) Tj ET Q q 0 0 0 rg BT 145.52 718.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 170.78 718.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 199.66 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.60 718.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 230.76 718.10 Td (have ) Tj ET Q q 0 0 0 rg BT 252.13 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 267.41 718.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 288.24 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.40 718.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 349.88 718.10 Td (within ) Tj ET Q q 0 0 0 rg BT 377.94 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.66 718.10 Td (last ) Tj ET Q q 0 0 0 rg BT 409.04 718.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 421.54 718.10 Td (months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 688.10 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 166.48 688.10 Td (may ) Tj ET Q q 0 0 0 rg BT 185.97 688.10 Td (have ) Tj ET Q q 0 0 0 rg BT 207.12 688.10 Td (up ) Tj ET Q q 0 0 0 rg BT 219.39 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.44 688.10 Td (two ) Tj ET Q q 0 0 0 rg BT 246.71 688.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 270.09 688.10 Td (through ) Tj ET Q q 0 0 0 rg BT 303.46 688.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 336.29 688.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 385.22 688.10 Td (at ) Tj ET Q q 0 0 0 rg BT 394.71 688.10 Td (one ) Tj ET Q q 0 0 0 rg BT 411.42 688.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 433.96 688.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 471.78 688.10 Td (that ) Tj ET Q q 0 0 0 rg BT 489.05 688.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 502.98 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.46 688.10 Td (first ) Tj ET Q q 0 0 0 rg BT 535.84 688.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 555.33 688.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (current, ) Tj ET Q q 0 0 0 rg BT 83.28 676.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 97.41 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.09 676.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 153.42 676.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 202.55 676.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 240.56 676.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 273.55 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.35 676.10 Td (both ) Tj ET Q q 0 0 0 rg BT 304.59 676.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 328.17 676.10 Td (does ) Tj ET Q q 0 0 0 rg BT 348.96 676.10 Td (not ) Tj ET Q q 0 0 0 rg BT 364.21 676.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 394.43 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.11 676.10 Td (then-current ) Tj ET Q q 0 0 0 rg BT 460.44 676.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 503.46 676.10 Td (allowable ) Tj ET Q q 0 0 0 rg BT 544.79 676.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.50 664.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.66 664.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 120.26 664.10 Td (\(currently ) Tj ET Q q 0 0 0 rg BT 162.19 664.10 Td ($35,000\), ) Tj ET Q q 0 0 0 rg BT 203.02 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.96 664.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 234.12 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.83 664.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 287.98 664.10 Td (complies ) Tj ET Q q 0 0 0 rg BT 326.59 664.10 Td (with ) Tj ET Q q 0 0 0 rg BT 346.87 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.58 664.10 Td (prior) Tj ET Q q 0 0 0 rg BT 380.82 664.10 Td (-borrower ) Tj ET Q q 0 0 0 rg BT 423.30 664.10 Td (constraints ) Tj ET Q q 0 0 0 rg BT 469.13 664.10 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.21 634.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 133.36 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.89 634.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 189.31 634.10 Td (who ) Tj ET Q q 0 0 0 rg BT 208.41 634.10 Td (have ) Tj ET Q q 0 0 0 rg BT 229.16 634.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 273.26 634.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 309.57 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 315.88 634.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 356.08 634.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 378.50 634.10 Td (through ) Tj ET Q q 0 0 0 rg BT 411.49 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 426.69 634.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 479.93 634.10 Td (such ) Tj ET Q q 0 0 0 rg BT 500.13 634.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 542.55 634.10 Td (must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (also ) Tj ET Q q 0 0 0 rg BT 67.41 622.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 80.36 622.10 Td (have ) Tj ET Q q 0 0 0 rg BT 100.54 622.10 Td (no ) Tj ET Q q 0 0 0 rg BT 111.84 622.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 132.57 622.10 Td (char) Tj ET Q q 0 0 0 rg BT 149.60 622.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 170.52 622.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 179.04 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 190.33 622.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 229.95 622.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 255.69 622.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 297.53 622.10 Td (through ) Tj ET Q q 0 0 0 rg BT 329.94 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 344.56 622.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 397.22 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.96 622.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 425.91 622.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 453.32 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.83 622.10 Td (following ) Tj ET Q q 0 0 0 rg BT 507.02 622.10 Td (requirements:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 509.60 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 509.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 509.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 509.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 509.60 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 509.6 m 403.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 509.6 m 482.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 509.6 m 561.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 481.6 m 482.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 481.6 m 561.5 481.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.20 514.28 Td (Credit Score Range) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.50 584.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.35 574.28 Td (Minimum #) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.10 564.28 Td (Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.10 554.28 Td (Since) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.05 544.28 Td (Origination of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.35 534.28 Td (1st) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.85 524.28 Td (Borr) Tj ET Q q 0 0 0 rg BT 444.22 524.28 Td (ower) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.35 514.28 Td (Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 514.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.55 584.28 Td (# of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 574.28 Td (Consecutive) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.10 564.28 Td (Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.70 554.28 Td (W) Tj ET Q q 0 0 0 rg BT 506.52 554.28 Td (ithout 31+) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.20 544.28 Td (DPD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.85 534.28 Td (on 1st) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.85 524.28 Td (Borr) Tj ET Q q 0 0 0 rg BT 523.22 524.28 Td (ower) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.35 514.28 Td (Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.30 500.17 Td (640-719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 500.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 500.17 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 500.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 500.17 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.65 486.17 Td (720+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 486.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 486.17 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 486.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 486.17 Td (6) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (Underwriting ) Tj ET Q q 0 0 0 rg BT 107.01 452.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 162.34 452.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.13 452.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 218.58 452.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 248.65 452.10 Td (including ) Tj ET Q q 0 0 0 rg BT 289.55 452.10 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 331.57 452.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 386.90 452.10 Td (for ) Tj ET Q q 0 0 0 rg BT 401.69 452.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 449.26 452.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 476.00 452.10 Td (are ) Tj ET Q q 0 0 0 rg BT 491.33 452.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 522.79 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.70 452.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (over ) Tj ET Q q 0 0 0 rg BT 70.27 440.10 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 410.10 Td (After ) Tj ET Q q 0 0 0 rg BT 109.49 410.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 149.08 410.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.90 410.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 200.63 410.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 220.24 410.10 Td (request, ) Tj ET Q q 0 0 0 rg BT 254.00 410.10 Td (we ) Tj ET Q q 0 0 0 rg BT 268.05 410.10 Td (verify ) Tj ET Q q 0 0 0 rg BT 294.32 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.92 410.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 340.19 410.10 Td (account ) Tj ET Q q 0 0 0 rg BT 373.68 410.10 Td (into ) Tj ET Q q 0 0 0 rg BT 391.62 410.10 Td (which ) Tj ET Q q 0 0 0 rg BT 418.45 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.05 410.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 473.76 410.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 496.69 410.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 534.62 410.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.56 410.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 90.90 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.25 398.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 143.80 398.10 Td (that ) Tj ET Q q 0 0 0 rg BT 161.36 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.15 398.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 215.37 398.10 Td (is ) Tj ET Q q 0 0 0 rg BT 224.61 398.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.62 398.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 259.74 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.64 398.10 Td (record ) Tj ET Q q 0 0 0 rg BT 298.75 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.65 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.44 398.10 Td (account. ) Tj ET Q q 0 0 0 rg BT 360.60 398.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 383.72 398.10 Td (if ) Tj ET Q q 0 0 0 rg BT 392.40 398.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.41 398.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 426.98 398.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 462.31 398.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 481.55 398.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.11 398.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 523.34 398.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.24 398.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.57 386.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 105.82 386.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 138.16 386.10 Td (required ) Tj ET Q q 0 0 0 rg BT 173.83 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.96 386.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 207.15 386.10 Td (we ) Tj ET Q q 0 0 0 rg BT 221.16 386.10 Td (will ) Tj ET Q q 0 0 0 rg BT 239.07 386.10 Td (cancel ) Tj ET Q q 0 0 0 rg BT 266.96 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.53 386.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 308.89 386.10 Td (if ) Tj ET Q q 0 0 0 rg BT 317.35 386.10 Td (we ) Tj ET Q q 0 0 0 rg BT 331.36 386.10 Td (are ) Tj ET Q q 0 0 0 rg BT 345.92 386.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 374.93 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.06 386.10 Td (verify ) Tj ET Q q 0 0 0 rg BT 411.29 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.86 386.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 470.56 386.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 501.80 386.10 Td (account. ) Tj ET Q q 0 0 0 rg BT 537.58 386.10 Td (While ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.47 374.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 97.26 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.84 374.10 Td (authenticate ) Tj ET Q q 0 0 0 rg BT 158.96 374.10 Td (each ) Tj ET Q q 0 0 0 rg BT 180.08 374.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 231.74 374.10 Td (participant's ) Tj ET Q q 0 0 0 rg BT 283.00 374.10 Td (identity) Tj ET Q q 0 0 0 rg BT 312.90 374.10 Td (, ) Tj ET Q q 0 0 0 rg BT 318.20 374.10 Td (our ) Tj ET Q q 0 0 0 rg BT 334.34 374.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 358.24 374.10 Td (checks ) Tj ET Q q 0 0 0 rg BT 388.25 374.10 Td (could ) Tj ET Q q 0 0 0 rg BT 413.28 374.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 429.41 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.99 374.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 466.67 374.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 500.02 374.10 Td (theft, ) Tj ET Q q 0 0 0 rg BT 523.65 374.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 547.56 374.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (inaccuracies. ) Tj ET Q q 0 0 0 rg BT 104.41 362.10 Td (See ) Tj ET Q q 0 0 0 rg BT 121.35 362.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 146.27 362.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 203.77 362.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 236.81 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.09 362.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 287.91 362.10 Td (Default" ) Tj ET Q q 0 0 0 rg BT 324.48 362.10 Td (for ) Tj ET Q q 0 0 0 rg BT 338.64 362.10 Td (more ) Tj ET Q q 0 0 0 rg BT 361.68 362.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 347.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (Investors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 302.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 126.11 302.10 Td (are ) Tj ET Q q 0 0 0 rg BT 141.77 302.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 189.67 302.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.56 302.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 255.46 302.10 Td (that ) Tj ET Q q 0 0 0 rg BT 273.91 302.10 Td (have ) Tj ET Q q 0 0 0 rg BT 296.24 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.91 302.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 362.03 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.26 302.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 391.71 302.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 418.49 302.10 Td (or ) Tj ET Q q 0 0 0 rg BT 430.27 302.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 472.04 302.10 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 502.44 302.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 542.55 302.10 Td (must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (register ) Tj ET Q q 0 0 0 rg BT 82.99 290.10 Td (on ) Tj ET Q q 0 0 0 rg BT 96.00 290.10 Td (our ) Tj ET Q q 0 0 0 rg BT 112.34 290.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 166.04 290.10 Td (An ) Tj ET Q q 0 0 0 rg BT 181.27 290.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 224.82 290.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 260.05 290.10 Td (must ) Tj ET Q q 0 0 0 rg BT 282.50 290.10 Td (be ) Tj ET Q q 0 0 0 rg BT 294.95 290.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.39 290.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 333.16 290.10 Td (person ) Tj ET Q q 0 0 0 rg BT 362.83 290.10 Td (at ) Tj ET Q q 0 0 0 rg BT 373.05 290.10 Td (least ) Tj ET Q q 0 0 0 rg BT 394.39 290.10 Td (18 ) Tj ET Q q 0 0 0 rg BT 407.39 290.10 Td (years ) Tj ET Q q 0 0 0 rg BT 431.50 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.84 290.10 Td (age ) Tj ET Q q 0 0 0 rg BT 459.72 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.16 290.10 Td (a ) Tj ET Q q 0 0 0 rg BT 484.61 290.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 505.40 290.10 Td (resident, ) Tj ET Q q 0 0 0 rg BT 542.56 290.10 Td (must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 83.50 278.10 Td (his ) Tj ET Q q 0 0 0 rg BT 98.13 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 109.41 278.10 Td (her ) Tj ET Q q 0 0 0 rg BT 125.13 278.10 Td (social ) Tj ET Q q 0 0 0 rg BT 151.41 278.10 Td (security ) Tj ET Q q 0 0 0 rg BT 186.02 278.10 Td (number ) Tj ET Q q 0 0 0 rg BT 219.52 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.91 278.10 Td (may ) Tj ET Q q 0 0 0 rg BT 257.08 278.10 Td (be ) Tj ET Q q 0 0 0 rg BT 269.48 278.10 Td (required ) Tj ET Q q 0 0 0 rg BT 305.75 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.48 278.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 349.98 278.10 Td (his ) Tj ET Q q 0 0 0 rg BT 364.60 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 375.89 278.10 Td (her ) Tj ET Q q 0 0 0 rg BT 391.61 278.10 Td (state ) Tj ET Q q 0 0 0 rg BT 412.89 278.10 Td (driver's ) Tj ET Q q 0 0 0 rg BT 445.42 278.10 Td (license ) Tj ET Q q 0 0 0 rg BT 476.13 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.42 278.10 Td (state ) Tj ET Q q 0 0 0 rg BT 508.70 278.10 Td (identification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (card ) Tj ET Q q 0 0 0 rg BT 68.93 266.10 Td (number) Tj ET Q q 0 0 0 rg BT 98.92 266.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.77 266.10 Td (An ) Tj ET Q q 0 0 0 rg BT 116.71 266.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 166.21 266.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 200.15 266.10 Td (must ) Tj ET Q q 0 0 0 rg BT 221.32 266.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 253.59 266.10 Td (its ) Tj ET Q q 0 0 0 rg BT 264.76 266.10 Td (taxpayer ) Tj ET Q q 0 0 0 rg BT 300.91 266.10 Td (identification ) Tj ET Q q 0 0 0 rg BT 355.95 266.10 Td (number ) Tj ET Q q 0 0 0 rg BT 388.22 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.38 266.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 428.87 266.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 470.03 266.10 Td (documentation. ) Tj ET Q q 0 0 0 rg BT 533.68 266.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.31 254.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 102.62 254.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 152.26 254.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 188.85 254.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 227.93 254.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 268.14 254.10 Td (who ) Tj ET Q q 0 0 0 rg BT 289.45 254.10 Td (are ) Tj ET Q q 0 0 0 rg BT 305.75 254.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 354.29 254.10 Td (must ) Tj ET Q q 0 0 0 rg BT 377.84 254.10 Td (authorize ) Tj ET Q q 0 0 0 rg BT 419.13 254.10 Td (us ) Tj ET Q q 0 0 0 rg BT 432.12 254.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.99 254.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 473.08 254.10 Td (their ) Tj ET Q q 0 0 0 rg BT 495.51 254.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 522.36 254.10 Td (report ) Tj ET Q q 0 0 0 rg BT 550.34 254.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (identification ) Tj ET Q q 0 0 0 rg BT 105.88 242.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 146.50 242.10 Td (Individual ) Tj ET Q q 0 0 0 rg BT 190.17 242.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.17 242.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 257.52 242.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 296.19 242.10 Td (also ) Tj ET Q q 0 0 0 rg BT 314.87 242.10 Td (must ) Tj ET Q q 0 0 0 rg BT 336.88 242.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 369.99 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.34 242.10 Td (any ) Tj ET Q q 0 0 0 rg BT 397.34 242.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 441.00 242.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 455.78 242.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 506.68 242.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 547.57 242.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (must ) Tj ET Q q 0 0 0 rg BT 71.98 230.10 Td (agree ) Tj ET Q q 0 0 0 rg BT 96.17 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.48 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.23 230.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 145.98 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.96 230.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 207.16 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.02 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.78 230.10 Td (website. ) Tj ET Q q 0 0 0 rg BT 268.36 230.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 307.56 230.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.30 230.10 Td (not ) Tj ET Q q 0 0 0 rg BT 337.61 230.10 Td (required ) Tj ET Q q 0 0 0 rg BT 373.46 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.78 230.10 Td (give ) Tj ET Q q 0 0 0 rg BT 403.53 230.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 428.83 230.10 Td (information ) Tj ET Q q 0 0 0 rg BT 478.58 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.89 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.64 230.10 Td (same ) Tj ET Q q 0 0 0 rg BT 526.73 230.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 553.69 230.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (borrowers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 188.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 124.10 188.10 Td (who ) Tj ET Q q 0 0 0 rg BT 142.77 188.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 186.41 188.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.63 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.30 188.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 230.18 188.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 264.95 188.10 Td (must ) Tj ET Q q 0 0 0 rg BT 285.84 188.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 307.27 188.10 Td (into ) Tj ET Q q 0 0 0 rg BT 324.27 188.10 Td (an ) Tj ET Q q 0 0 0 rg BT 335.15 188.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 368.82 188.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 415.80 188.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 461.39 188.10 Td (which ) Tj ET Q q 0 0 0 rg BT 487.27 188.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 530.35 188.10 Td (governs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (all ) Tj ET Q q 0 0 0 rg BT 61.50 176.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 82.45 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.28 176.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 117.12 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.40 176.10 Td (such ) Tj ET Q q 0 0 0 rg BT 146.24 176.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 186.25 176.10 Td (The ) Tj ET Q q 0 0 0 rg BT 203.30 176.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 237.02 176.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 284.07 176.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 327.22 176.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 362.05 176.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 405.23 176.10 Td (that ) Tj ET Q q 0 0 0 rg BT 421.73 176.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 442.13 176.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 470.83 176.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 491.77 176.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 516.06 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.89 176.10 Td (investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.50 164.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 93.77 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.27 164.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 121.13 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.86 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.02 164.10 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 164.03 164.10 Td (See ) Tj ET Q q 0 0 0 rg BT 181.19 164.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 206.34 164.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 238.50 164.10 Td (-- ) Tj ET Q q 0 0 0 rg BT 247.89 164.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 272.84 164.10 Td (Inherent ) Tj ET Q q 0 0 0 rg BT 308.88 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.38 164.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 359.33 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.83 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.77 164.10 Td (Notes" ) Tj ET Q q 0 0 0 rg BT 414.91 164.10 Td (for ) Tj ET Q q 0 0 0 rg BT 429.29 164.10 Td (more ) Tj ET Q q 0 0 0 rg BT 452.56 164.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 504.40 164.10 Td (At ) Tj ET Q q 0 0 0 rg BT 517.12 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.06 164.10 Td (time ) Tj ET Q q 0 0 0 rg BT 552.56 164.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 85.17 152.10 Td (registers ) Tj ET Q q 0 0 0 rg BT 122.00 152.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.73 152.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 177.88 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.61 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.77 152.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 226.16 152.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 264.94 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.11 152.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 315.28 152.10 Td (must ) Tj ET Q q 0 0 0 rg BT 337.68 152.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 366.74 152.10 Td (any ) Tj ET Q q 0 0 0 rg BT 384.13 152.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 425.97 152.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 463.90 152.10 Td (suitability ) Tj ET Q q 0 0 0 rg BT 506.86 152.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 547.58 152.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 93.05 140.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 139.43 140.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 164.72 140.10 Td (established ) Tj ET Q q 0 0 0 rg BT 211.65 140.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.81 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.53 140.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 262.47 140.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 298.29 140.10 Td (by ) Tj ET Q q 0 0 0 rg BT 310.79 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.51 140.10 Td (state ) Tj ET Q q 0 0 0 rg BT 346.33 140.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.61 140.10 Td (which ) Tj ET Q q 0 0 0 rg BT 383.55 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.27 140.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 432.98 140.10 Td (resides.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 110.10 Td (Only ) Tj ET Q q 0 0 0 rg BT 108.23 110.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 146.57 110.10 Td (that ) Tj ET Q q 0 0 0 rg BT 163.79 110.10 Td (are ) Tj ET Q q 0 0 0 rg BT 178.23 110.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 217.66 110.10 Td (by ) Tj ET Q q 0 0 0 rg BT 229.89 110.10 Td (us ) Tj ET Q q 0 0 0 rg BT 241.01 110.10 Td (are ) Tj ET Q q 0 0 0 rg BT 255.45 110.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 287.67 110.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.67 110.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 342.10 110.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.11 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.39 110.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 395.28 110.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 418.05 110.10 Td (Channel. ) Tj ET Q q 0 0 0 rg BT 455.62 110.10 Td (At ) Tj ET Q q 0 0 0 rg BT 467.84 110.10 Td (a ) Tj ET Q q 0 0 0 rg BT 474.51 110.10 Td (minimum, ) Tj ET Q q 0 0 0 rg BT 518.13 110.10 Td (an ) Tj ET Q q 0 0 0 rg BT 529.80 110.10 Td (investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 80.05 98.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 125.63 98.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.80 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.17 98.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 182.21 98.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 206.15 98.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 242.87 98.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 271.26 98.10 Td (it ) Tj ET Q q 0 0 0 rg BT 280.21 98.10 Td (is ) Tj ET Q q 0 0 0 rg BT 290.27 98.10 Td (an ) Tj ET Q q 0 0 0 rg BT 303.10 98.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 354.27 98.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 389.87 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.70 98.10 Td (meets ) Tj ET Q q 0 0 0 rg BT 434.42 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.03 98.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 492.30 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.02 98.10 Td (an ) Tj ET Q q 0 0 0 rg BT 516.85 98.10 Td ("accredited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (investor" ) Tj ET Q q 0 0 0 rg BT 89.16 86.10 Td (set ) Tj ET Q q 0 0 0 rg BT 103.13 86.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 125.43 86.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.07 86.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 182.81 86.10 Td (D ) Tj ET Q q 0 0 0 rg BT 192.90 86.10 Td (under ) Tj ET Q q 0 0 0 rg BT 218.53 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.60 86.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 275.27 86.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 292.57 86.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.76 86.10 Td (1933, ) Tj ET Q q 0 0 0 rg BT 329.12 86.10 Td (as ) Tj ET Q q 0 0 0 rg BT 340.31 86.10 Td (amended. ) Tj ET Q q 0 0 0 rg BT 381.77 86.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 421.29 86.10 Td (who ) Tj ET Q q 0 0 0 rg BT 441.37 86.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 486.43 86.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.07 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.94 86.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 541.46 86.10 Td (Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 85.83 74.10 Td (must ) Tj ET Q q 0 0 0 rg BT 107.77 74.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 130.26 74.10 Td (into ) Tj ET Q q 0 0 0 rg BT 148.32 74.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 168.03 74.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 206.07 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.01 74.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 242.72 74.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 281.88 74.10 Td (agreements.) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 107.91 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.59 742.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 150.06 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 161.97 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 168.31 742.10 Td (listing, ) Tj ET Q q 0 0 0 rg BT 197.73 742.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 235.74 742.10 Td (must ) Tj ET Q q 0 0 0 rg BT 257.10 742.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 289.55 742.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 313.68 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.36 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.71 742.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 362.73 742.10 Td (account ) Tj ET Q q 0 0 0 rg BT 395.73 742.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 442.06 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 453.97 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 469.21 742.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 522.34 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 539.79 742.10 Td (funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.77 730.10 Td (most ) Tj ET Q q 0 0 0 rg BT 82.65 730.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 121.19 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 135.84 730.10 Td (held ) Tj ET Q q 0 0 0 rg BT 155.49 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.70 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 172.58 730.10 Td (single, ) Tj ET Q q 0 0 0 rg BT 201.40 730.10 Td (pooled ) Tj ET Q q 0 0 0 rg BT 231.05 730.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 264.59 730.10 Td (account, ) Tj ET Q q 0 0 0 rg BT 300.62 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 327.50 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 336.60 730.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 370.67 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.89 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 387.22 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.87 730.10 Td ("pooled ) Tj ET Q q 0 0 0 rg BT 435.60 730.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 469.15 730.10 Td (account". ) Tj ET Q q 0 0 0 rg BT 509.08 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 517.72 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 524.59 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 545.91 730.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (established ) Tj ET Q q 0 0 0 rg BT 96.59 718.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 137.05 718.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 170.31 718.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 207.45 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 221.26 718.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 250.61 718.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 288.88 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 306.02 718.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 350.37 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.30 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.52 718.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 403.32 718.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 426.02 718.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 464.00 718.10 Td (each ) Tj ET Q q 0 0 0 rg BT 484.47 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.95 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 521.54 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 530.36 718.10 Td (referred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.00 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 72.54 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 80.20 706.10 Td ("dedicated ) Tj ET Q q 0 0 0 rg BT 125.81 706.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 160.14 706.10 Td (account". ) Tj ET Q q 0 0 0 rg BT 200.80 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 219.56 706.10 Td (pooled ) Tj ET Q q 0 0 0 rg BT 250.00 706.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 284.32 706.10 Td (account ) Tj ET Q q 0 0 0 rg BT 318.63 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.29 706.10 Td (each ) Tj ET Q q 0 0 0 rg BT 357.82 706.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 399.35 706.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 433.68 706.10 Td (account ) Tj ET Q q 0 0 0 rg BT 467.99 706.10 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 517.32 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 523.03 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.47 706.10 Td ("FBO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 83.51 694.10 Td (accounts"\) ) Tj ET Q q 0 0 0 rg BT 128.30 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 137.37 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.21 694.10 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 194.37 694.10 Td (bearing, ) Tj ET Q q 0 0 0 rg BT 229.26 694.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 263.31 694.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 294.60 694.10 Td (account, ) Tj ET Q q 0 0 0 rg BT 330.59 694.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 369.08 694.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 415.91 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 428.31 694.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 448.49 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 459.22 694.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 476.08 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.48 694.10 Td (at ) Tj ET Q q 0 0 0 rg BT 487.92 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 496.56 694.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 512.84 694.10 Td (Far) Tj ET Q q 0 0 0 rg BT 525.99 694.10 Td (go ) Tj ET Q q 0 0 0 rg BT 538.39 694.10 Td (Bank, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (National ) Tj ET Q q 0 0 0 rg BT 86.28 682.10 Td (Association ) Tj ET Q q 0 0 0 rg BT 135.88 682.10 Td (\("W) Tj ET Q q 0 0 0 rg BT 151.93 682.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 168.19 682.10 Td (Far) Tj ET Q q 0 0 0 rg BT 181.34 682.10 Td (go"\). ) Tj ET Q q 0 0 0 rg BT 203.45 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 221.38 682.10 Td (pooled ) Tj ET Q q 0 0 0 rg BT 250.97 682.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 284.45 682.10 Td (account ) Tj ET Q q 0 0 0 rg BT 317.92 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 326.97 682.10 Td (held ) Tj ET Q q 0 0 0 rg BT 346.56 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.71 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.31 682.10 Td (name ) Tj ET Q q 0 0 0 rg BT 395.34 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.04 682.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 422.90 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.28 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.31 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.91 682.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 484.04 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.75 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 506.57 682.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 547.56 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (each ) Tj ET Q q 0 0 0 rg BT 70.82 670.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 111.63 670.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 145.23 670.10 Td (account ) Tj ET Q q 0 0 0 rg BT 178.83 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.00 670.10 Td (held ) Tj ET Q q 0 0 0 rg BT 207.71 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.99 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.71 670.10 Td (name ) Tj ET Q q 0 0 0 rg BT 256.87 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.70 670.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 287.98 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 298.81 670.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 315.67 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 318.17 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 332.33 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.05 670.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 377.31 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.14 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.86 670.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 446.45 670.10 Td (investor) Tj ET Q q 0 0 0 rg BT 478.11 670.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 640.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 640.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.63 640.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 126.39 640.10 Td (all ) Tj ET Q q 0 0 0 rg BT 138.94 640.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 179.82 640.10 Td (made ) Tj ET Q q 0 0 0 rg BT 204.03 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.91 640.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 253.55 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 266.11 640.10 Td (any ) Tj ET Q q 0 0 0 rg BT 283.10 640.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 305.09 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 315.98 640.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 356.85 640.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 379.95 640.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 409.16 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 421.72 640.10 Td (an ) Tj ET Q q 0 0 0 rg BT 433.71 640.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 468.48 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.81 640.10 Td (be ) Tj ET Q q 0 0 0 rg BT 490.80 640.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 531.68 640.10 Td (into ) Tj ET Q q 0 0 0 rg BT 549.79 640.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 93.26 628.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 114.89 628.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 148.17 628.10 Td (account. ) Tj ET Q q 0 0 0 rg BT 183.46 628.10 Td (An ) Tj ET Q q 0 0 0 rg BT 197.85 628.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 232.24 628.10 Td (that ) Tj ET Q q 0 0 0 rg BT 249.41 628.10 Td (wishes ) Tj ET Q q 0 0 0 rg BT 278.80 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.75 628.10 Td (make ) Tj ET Q q 0 0 0 rg BT 312.58 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.19 628.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 371.91 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.86 628.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 419.57 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.19 628.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 447.80 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 458.30 628.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 498.79 628.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 521.51 628.10 Td (must ) Tj ET Q q 0 0 0 rg BT 543.13 628.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 74.43 616.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 98.30 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.28 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.71 616.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 141.59 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.13 616.10 Td (such ) Tj ET Q q 0 0 0 rg BT 172.67 616.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 225.42 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.07 616.10 Td (all ) Tj ET Q q 0 0 0 rg BT 254.28 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.70 616.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 308.82 616.10 Td (other ) Tj ET Q q 0 0 0 rg BT 331.58 616.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 380.45 616.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 418.20 616.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 474.85 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.84 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.26 616.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 542.56 616.10 Td (FBO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 84.40 604.10 Td (account. ) Tj ET Q q 0 0 0 rg BT 121.29 604.10 Td (For ) Tj ET Q q 0 0 0 rg BT 138.48 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.99 604.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 176.74 604.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 211.14 604.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 251.92 604.10 Td (we ) Tj ET Q q 0 0 0 rg BT 266.88 604.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 305.16 604.10 Td (sub-account ) Tj ET Q q 0 0 0 rg BT 356.77 604.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 394.49 604.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.79 604.10 Td (our ) Tj ET Q q 0 0 0 rg BT 424.41 604.10 Td (system ) Tj ET Q q 0 0 0 rg BT 455.48 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.56 604.10 Td (track ) Tj ET Q q 0 0 0 rg BT 489.84 604.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 547.57 604.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 91.25 592.10 Td (made ) Tj ET Q q 0 0 0 rg BT 114.73 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.99 592.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 150.03 592.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 187.39 592.10 Td (received ) Tj ET Q q 0 0 0 rg BT 223.08 592.10 Td (at ) Tj ET Q q 0 0 0 rg BT 232.11 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.15 592.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 280.19 592.10 Td (level. ) Tj ET Q q 0 0 0 rg BT 303.82 592.10 Td (These ) Tj ET Q q 0 0 0 rg BT 329.52 592.10 Td (sub-accounts ) Tj ET Q q 0 0 0 rg BT 383.55 592.10 Td (are ) Tj ET Q q 0 0 0 rg BT 397.58 592.10 Td (purely ) Tj ET Q q 0 0 0 rg BT 424.95 592.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 483.98 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.24 592.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 527.59 592.10 Td (balances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.54 580.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 116.41 580.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 162.94 580.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 187.26 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.14 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.46 580.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 233.02 580.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 266.23 580.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 305.82 580.10 Td (Individual ) Tj ET Q q 0 0 0 rg BT 349.03 580.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 387.24 580.10 Td (have ) Tj ET Q q 0 0 0 rg BT 408.22 580.10 Td (no ) Tj ET Q q 0 0 0 rg BT 420.32 580.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 445.19 580.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 494.51 580.10 Td (with ) Tj ET Q q 0 0 0 rg BT 514.24 580.10 Td (W) Tj ET Q q 0 0 0 rg BT 522.87 580.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 538.86 580.10 Td (Far) Tj ET Q q 0 0 0 rg BT 552.01 580.10 Td (go ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 568.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 88.33 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.16 568.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 123.88 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 134.71 568.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 184.97 568.10 Td (within ) Tj ET Q q 0 0 0 rg BT 213.03 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.74 568.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 249.70 568.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 283.31 568.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 320.79 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 331.62 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 344.12 568.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 369.95 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.78 568.10 Td (participating ) Tj ET Q q 0 0 0 rg BT 433.81 568.10 Td (on ) Tj ET Q q 0 0 0 rg BT 446.31 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 462.14 568.10 Td (marketplace.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 553.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 108.25 538.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 129.96 538.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 163.33 538.10 Td (account ) Tj ET Q q 0 0 0 rg BT 196.69 538.10 Td (is ) Tj ET Q q 0 0 0 rg BT 205.62 538.10 Td (FDIC-insured ) Tj ET Q q 0 0 0 rg BT 263.44 538.10 Td (on ) Tj ET Q q 0 0 0 rg BT 275.70 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 282.40 538.10 Td ("pass ) Tj ET Q q 0 0 0 rg BT 305.96 538.10 Td (through" ) Tj ET Q q 0 0 0 rg BT 343.42 538.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 365.68 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.72 538.10 Td (each ) Tj ET Q q 0 0 0 rg BT 396.30 538.10 Td (investor) Tj ET Q q 0 0 0 rg BT 428.11 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 432.88 538.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 463.46 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.50 538.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 516.85 538.10 Td (limits. ) Tj ET Q q 0 0 0 rg BT 544.24 538.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (means ) Tj ET Q q 0 0 0 rg BT 77.81 526.10 Td (that ) Tj ET Q q 0 0 0 rg BT 95.07 526.10 Td (each ) Tj ET Q q 0 0 0 rg BT 115.65 526.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 155.83 526.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 175.86 526.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 208.66 526.10 Td (is ) Tj ET Q q 0 0 0 rg BT 217.59 526.10 Td (protected ) Tj ET Q q 0 0 0 rg BT 257.06 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 269.32 526.10 Td (FDIC ) Tj ET Q q 0 0 0 rg BT 294.37 526.10 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 337.45 526.10 Td (up ) Tj ET Q q 0 0 0 rg BT 349.71 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.76 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.24 526.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 399.29 526.10 Td (established ) Tj ET Q q 0 0 0 rg BT 445.99 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 458.25 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.73 526.10 Td (FDIC. ) Tj ET Q q 0 0 0 rg BT 500.28 526.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 525.31 526.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 549.80 526.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 84.29 514.10 Td (has ) Tj ET Q q 0 0 0 rg BT 99.69 514.10 Td (on ) Tj ET Q q 0 0 0 rg BT 111.76 514.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 142.72 514.10 Td (with ) Tj ET Q q 0 0 0 rg BT 162.42 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 171.06 514.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 187.02 514.10 Td (Far) Tj ET Q q 0 0 0 rg BT 200.17 514.10 Td (go ) Tj ET Q q 0 0 0 rg BT 212.24 514.10 Td (may ) Tj ET Q q 0 0 0 rg BT 231.53 514.10 Td (count ) Tj ET Q q 0 0 0 rg BT 255.82 514.10 Td (against ) Tj ET Q q 0 0 0 rg BT 286.21 514.10 Td (any ) Tj ET Q q 0 0 0 rg BT 302.72 514.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 345.88 514.10 Td (FDIC ) Tj ET Q q 0 0 0 rg BT 370.74 514.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 411.13 514.10 Td (limits. ) Tj ET Q q 0 0 0 rg BT 438.48 514.10 Td (Funds ) Tj ET Q q 0 0 0 rg BT 465.01 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.41 514.10 Td (an ) Tj ET Q q 0 0 0 rg BT 486.92 514.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 521.21 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 531.06 514.10 Td (an ) Tj ET Q q 0 0 0 rg BT 542.57 514.10 Td (FBO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 84.38 502.10 Td (account ) Tj ET Q q 0 0 0 rg BT 118.74 502.10 Td (can ) Tj ET Q q 0 0 0 rg BT 135.88 502.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 166.92 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.52 502.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 215.67 502.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 257.27 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 270.53 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.02 502.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 321.50 502.10 Td (but ) Tj ET Q q 0 0 0 rg BT 337.54 502.10 Td (never ) Tj ET Q q 0 0 0 rg BT 363.02 502.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 409.05 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.10 502.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 442.80 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.40 502.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 495.99 502.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 519.80 502.10 Td (purchases; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.55 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.43 490.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 136.32 490.10 Td (has ) Tj ET Q q 0 0 0 rg BT 152.31 490.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 197.74 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.19 490.10 Td (one ) Tj ET Q q 0 0 0 rg BT 225.29 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 236.29 490.10 Td (more ) Tj ET Q q 0 0 0 rg BT 259.50 490.10 Td (such ) Tj ET Q q 0 0 0 rg BT 280.49 490.10 Td (purchases, ) Tj ET Q q 0 0 0 rg BT 325.09 490.10 Td (where ) Tj ET Q q 0 0 0 rg BT 352.18 490.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 398.73 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.72 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.60 490.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 484.48 490.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 525.46 490.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 548.67 490.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.11 478.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 79.66 478.10 Td (occurred; ) Tj ET Q q 0 0 0 rg BT 119.74 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 130.40 478.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 166.62 478.10 Td (received ) Tj ET Q q 0 0 0 rg BT 202.81 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 213.47 478.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 251.34 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.11 478.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 299.88 478.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 340.53 478.10 Td (on ) Tj ET Q q 0 0 0 rg BT 352.86 478.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 378.52 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.19 478.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 429.84 478.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 456.61 478.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 485.60 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 497.93 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.47 478.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 547.02 478.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.45 466.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 98.91 466.10 Td (has ) Tj ET Q q 0 0 0 rg BT 114.48 466.10 Td (not ) Tj ET Q q 0 0 0 rg BT 129.49 466.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 143.95 466.10 Td (withdrawn. ) Tj ET Q q 0 0 0 rg BT 191.45 466.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 215.91 466.10 Td (request ) Tj ET Q q 0 0 0 rg BT 247.03 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.27 466.10 Td (an ) Tj ET Q q 0 0 0 rg BT 270.94 466.10 Td (investor) Tj ET Q q 0 0 0 rg BT 302.76 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 307.50 466.10 Td (we ) Tj ET Q q 0 0 0 rg BT 321.39 466.10 Td (will ) Tj ET Q q 0 0 0 rg BT 339.19 466.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 371.96 466.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 396.42 466.10 Td (from ) Tj ET Q q 0 0 0 rg BT 418.10 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.55 466.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 475.88 466.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 497.57 466.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 530.92 466.10 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.81 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.05 454.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 116.99 454.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 162.79 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.26 454.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 214.38 454.10 Td (external ) Tj ET Q q 0 0 0 rg BT 249.61 454.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 272.08 454.10 Td (account, ) Tj ET Q q 0 0 0 rg BT 308.70 454.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 347.28 454.10 Td (such ) Tj ET Q q 0 0 0 rg BT 368.64 454.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 393.89 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 409.13 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 424.94 454.10 Td (already ) Tj ET Q q 0 0 0 rg BT 457.39 454.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 503.19 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.00 454.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 536.46 454.10 Td (and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.50 442.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 113.22 442.10 Td (purchases. ) Tj ET Q q 0 0 0 rg BT 157.17 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 162.58 442.10 Td (o ) Tj ET Q q 0 0 0 rg BT 169.76 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.15 442.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 210.77 442.10 Td (an ) Tj ET Q q 0 0 0 rg BT 222.38 442.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 256.78 442.10 Td (does ) Tj ET Q q 0 0 0 rg BT 277.28 442.10 Td (not ) Tj ET Q q 0 0 0 rg BT 292.24 442.10 Td (withdraw ) Tj ET Q q 0 0 0 rg BT 332.19 442.10 Td (any ) Tj ET Q q 0 0 0 rg BT 348.80 442.10 Td (such ) Tj ET Q q 0 0 0 rg BT 369.31 442.10 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 407.88 442.10 Td (they ) Tj ET Q q 0 0 0 rg BT 427.27 442.10 Td (will ) Tj ET Q q 0 0 0 rg BT 445.00 442.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 474.95 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.90 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.30 442.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 542.56 442.10 Td (FBO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 83.61 430.10 Td (account ) Tj ET Q q 0 0 0 rg BT 117.20 430.10 Td (indefinitely) Tj ET Q q 0 0 0 rg BT 162.65 430.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Relationship ) Tj ET Q q 0 0 0 rg BT 104.74 400.10 Td (with ) Tj ET Q q 0 0 0 rg BT 124.84 400.10 Td (W) Tj ET Q q 0 0 0 rg BT 132.99 400.10 Td (ebBank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 370.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 129.27 370.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.03 370.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.55 370.10 Td (FDIC-insured, ) Tj ET Q q 0 0 0 rg BT 210.69 370.10 Td (Utah-chartered ) Tj ET Q q 0 0 0 rg BT 274.74 370.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 316.59 370.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 340.12 370.10 Td (that ) Tj ET Q q 0 0 0 rg BT 359.20 370.10 Td (originates ) Tj ET Q q 0 0 0 rg BT 402.72 370.10 Td (all ) Tj ET Q q 0 0 0 rg BT 416.80 370.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 459.21 370.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 487.73 370.10 Td (made ) Tj ET Q q 0 0 0 rg BT 513.47 370.10 Td (through ) Tj ET Q q 0 0 0 rg BT 548.67 370.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 103.72 358.10 Td (although ) Tj ET Q q 0 0 0 rg BT 141.07 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.21 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.78 358.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 194.52 358.10 Td (either ) Tj ET Q q 0 0 0 rg BT 219.64 358.10 Td (or ) Tj ET Q q 0 0 0 rg BT 230.33 358.10 Td (both ) Tj ET Q q 0 0 0 rg BT 250.46 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.15 358.10 Td (us ) Tj ET Q q 0 0 0 rg BT 272.40 358.10 Td (may ) Tj ET Q q 0 0 0 rg BT 291.98 358.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 314.32 358.10 Td (into ) Tj ET Q q 0 0 0 rg BT 332.24 358.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 380.13 358.10 Td (with ) Tj ET Q q 0 0 0 rg BT 400.26 358.10 Td (other ) Tj ET Q q 0 0 0 rg BT 423.17 358.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 448.86 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.99 358.10 Td (originate ) Tj ET Q q 0 0 0 rg BT 496.89 358.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.57 358.10 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.03 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 98.27 346.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 149.05 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.75 346.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 193.44 346.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 205.63 346.10 Td (or ) Tj ET Q q 0 0 0 rg BT 215.88 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.58 346.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 242.49 346.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 255.10 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 263.74 346.10 Td (ebBank. ) Tj ET Q q 0 0 0 rg BT 298.56 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 307.20 346.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 339.67 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.02 346.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 388.49 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 402.62 346.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 431.19 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.89 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 447.24 346.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 490.39 346.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 539.24 346.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.64 334.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 96.63 334.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 133.81 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.23 334.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 192.09 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.62 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.15 334.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 269.21 334.10 Td (that ) Tj ET Q q 0 0 0 rg BT 286.41 334.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 310.82 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.80 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.21 334.10 Td (submission ) Tj ET Q q 0 0 0 rg BT 382.43 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.96 334.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 433.48 334.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 456.23 334.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 506.75 334.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.96 334.10 Td (borrowers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 322.10 Td (making ) Tj ET Q q 0 0 0 rg BT 97.21 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.04 322.10 Td (related ) Tj ET Q q 0 0 0 rg BT 137.74 322.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 178.56 322.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 205.50 322.10 Td (by ) Tj ET Q q 0 0 0 rg BT 217.82 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 226.45 322.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 259.50 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.44 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.15 322.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 324.76 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.59 322.10 Td (such ) Tj ET Q q 0 0 0 rg BT 356.42 322.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 397.24 322.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 424.17 322.10 Td (by ) Tj ET Q q 0 0 0 rg BT 436.49 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 445.13 322.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 478.18 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.45 322.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 528.71 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 542.87 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 549.80 322.10 Td (fee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 74.47 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 85.05 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.08 310.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 146.77 310.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 161.79 310.10 Td (char) Tj ET Q q 0 0 0 rg BT 178.82 310.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 196.06 310.10 Td (by ) Tj ET Q q 0 0 0 rg BT 208.67 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 217.31 310.10 Td (ebBank. ) Tj ET Q q 0 0 0 rg BT 253.17 310.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 280.97 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.99 310.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 339.84 310.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 389.57 310.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 422.93 310.10 Td (has ) Tj ET Q q 0 0 0 rg BT 439.07 310.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 468.53 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.12 310.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 522.83 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.47 310.10 Td (ebBank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.54 298.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 101.61 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.15 298.10 Td (any ) Tj ET Q q 0 0 0 rg BT 129.35 298.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 167.10 298.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 197.07 298.10 Td (from ) Tj ET Q q 0 0 0 rg BT 219.07 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 227.71 298.10 Td (ebBank's ) Tj ET Q q 0 0 0 rg BT 266.71 298.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 320.01 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.55 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.52 298.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 392.17 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.26 298.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 444.34 298.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 471.54 298.10 Td (as ) Tj ET Q q 0 0 0 rg BT 482.63 298.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 539.25 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 298.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 93.69 286.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 143.03 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 151.67 286.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 184.83 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.88 286.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 235.04 286.10 Td (are ) Tj ET Q q 0 0 0 rg BT 249.86 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 256.90 286.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 286.17 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.56 286.10 Td (an ) Tj ET Q q 0 0 0 rg BT 308.03 286.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 332.86 286.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 352.11 286.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 401.65 286.10 Td (under ) Tj ET Q q 0 0 0 rg BT 427.02 286.10 Td (which ) Tj ET Q q 0 0 0 rg BT 453.88 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 462.52 286.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 495.68 286.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 516.07 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.11 286.10 Td (assigns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.09 274.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 112.96 274.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 136.94 274.10 Td (evidencing ) Tj ET Q q 0 0 0 rg BT 183.68 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.77 274.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 239.96 274.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 267.27 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.92 274.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 299.89 274.10 Td (As ) Tj ET Q q 0 0 0 rg BT 313.87 274.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 370.62 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 384.94 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 393.58 274.10 Td (ebBank's ) Tj ET Q q 0 0 0 rg BT 432.69 274.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 477.20 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.85 274.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 504.61 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.92 274.10 Td (assign ) Tj ET Q q 0 0 0 rg BT 549.79 274.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 97.21 262.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 123.04 262.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 139.90 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.11 262.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 162.50 262.10 Td (W) Tj ET Q q 0 0 0 rg BT 171.13 262.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 203.90 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.33 262.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 256.08 262.10 Td (price ) Tj ET Q q 0 0 0 rg BT 278.28 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.82 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.25 262.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 350.47 262.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 376.29 262.10 Td (as ) Tj ET Q q 0 0 0 rg BT 386.83 262.10 Td (well ) Tj ET Q q 0 0 0 rg BT 406.27 262.10 Td (as ) Tj ET Q q 0 0 0 rg BT 416.81 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.46 262.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 459.01 262.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 475.93 262.10 Td (which ) Tj ET Q q 0 0 0 rg BT 502.59 262.10 Td (is ) Tj ET Q q 0 0 0 rg BT 511.47 262.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 547.01 262.10 Td (tied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.76 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.95 250.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 98.15 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.57 250.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 167.07 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.38 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.57 250.10 Td (loans.PMI ) Tj ET Q q 0 0 0 rg BT 239.94 250.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 274.68 250.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 314.98 250.10 Td (from ) Tj ET Q q 0 0 0 rg BT 336.25 250.10 Td (W) Tj ET Q q 0 0 0 rg BT 344.89 250.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 377.42 250.10 Td (as ) Tj ET Q q 0 0 0 rg BT 387.73 250.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 445.25 250.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.89 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.08 250.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 511.16 250.10 Td (it ) Tj ET Q q 0 0 0 rg BT 518.70 250.10 Td (undertakes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.32 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.96 238.10 Td (ebBank's ) Tj ET Q q 0 0 0 rg BT 109.70 238.10 Td (behalf.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 71.95 208.10 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 178.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.75 178.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 120.94 178.10 Td (management ) Tj ET Q q 0 0 0 rg BT 174.23 178.10 Td (has ) Tj ET Q q 0 0 0 rg BT 189.76 178.10 Td (evolved ) Tj ET Q q 0 0 0 rg BT 223.61 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 245.24 178.10 Td (its ) Tj ET Q q 0 0 0 rg BT 256.89 178.10 Td (inception. ) Tj ET Q q 0 0 0 rg BT 298.64 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 307.27 178.10 Td (e ) Tj ET Q q 0 0 0 rg BT 313.91 178.10 Td (have ) Tj ET Q q 0 0 0 rg BT 334.98 178.10 Td (consistently ) Tj ET Q q 0 0 0 rg BT 384.95 178.10 Td (worked ) Tj ET Q q 0 0 0 rg BT 417.14 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.11 178.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 462.63 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.05 178.10 Td (information ) Tj ET Q q 0 0 0 rg BT 526.46 178.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.63 166.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 99.58 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.21 166.10 Td (order ) Tj ET Q q 0 0 0 rg BT 134.16 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.79 166.10 Td (help ) Tj ET Q q 0 0 0 rg BT 164.85 166.10 Td (them ) Tj ET Q q 0 0 0 rg BT 187.70 166.10 Td (make ) Tj ET Q q 0 0 0 rg BT 212.20 166.10 Td (sound ) Tj ET Q q 0 0 0 rg BT 238.94 166.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 285.67 166.10 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 327.61 166.10 Td (A) Tj ET Q q 0 0 0 rg BT 334.28 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.13 166.10 Td (major ) Tj ET Q q 0 0 0 rg BT 363.30 166.10 Td (source ) Tj ET Q q 0 0 0 rg BT 392.25 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.43 166.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 459.60 166.10 Td (has ) Tj ET Q q 0 0 0 rg BT 475.78 166.10 Td (been ) Tj ET Q q 0 0 0 rg BT 497.51 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.13 166.10 Td (progressively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 98.01 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.71 154.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 152.40 154.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 205.40 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.21 154.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 257.01 154.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 283.93 154.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 326.95 154.10 Td (through ) Tj ET Q q 0 0 0 rg BT 360.54 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.35 154.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 427.68 154.10 Td (into ) Tj ET Q q 0 0 0 rg BT 445.72 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 461.53 154.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 508.43 154.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 534.24 154.10 Td (system ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 68.15 142.10 Td ("Prosper ) Tj ET Q q 0 0 0 rg BT 105.40 142.10 Td (Rating"\) ) Tj ET Q q 0 0 0 rg BT 142.08 142.10 Td (as ) Tj ET Q q 0 0 0 rg BT 153.02 142.10 Td (more ) Tj ET Q q 0 0 0 rg BT 176.17 142.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 217.10 142.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 240.25 142.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 277.29 142.10 Td (data ) Tj ET Q q 0 0 0 rg BT 296.56 142.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 334.15 142.10 Td (available ) Tj ET Q q 0 0 0 rg BT 372.85 142.10 Td (over ) Tj ET Q q 0 0 0 rg BT 393.22 142.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 415.92 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 424.55 142.10 Td (e ) Tj ET Q q 0 0 0 rg BT 431.60 142.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 459.20 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.59 142.10 Td (continuously ) Tj ET Q q 0 0 0 rg BT 523.86 142.10 Td (refine ) Tj ET Q q 0 0 0 rg BT 549.78 142.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 83.50 130.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 113.12 130.10 Td (system ) Tj ET Q q 0 0 0 rg BT 143.85 130.10 Td (by ) Tj ET Q q 0 0 0 rg BT 156.80 130.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 195.84 130.10 Td (reassessing ) Tj ET Q q 0 0 0 rg BT 243.78 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.95 130.10 Td (system. ) Tj ET Q q 0 0 0 rg BT 292.18 130.10 Td (For ) Tj ET Q q 0 0 0 rg BT 309.02 130.10 Td (more ) Tj ET Q q 0 0 0 rg BT 332.52 130.10 Td (information ) Tj ET Q q 0 0 0 rg BT 382.68 130.10 Td (about ) Tj ET Q q 0 0 0 rg BT 407.85 130.10 Td (how ) Tj ET Q q 0 0 0 rg BT 428.02 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.19 130.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 476.69 130.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 506.31 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.70 130.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 68.06 118.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 89.44 118.10 Td (are ) Tj ET Q q 0 0 0 rg BT 104.15 118.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 147.17 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.11 118.10 Td (reassessed, ) Tj ET Q q 0 0 0 rg BT 210.76 118.10 Td (see ) Tj ET Q q 0 0 0 rg BT 226.03 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.75 118.10 Td (following ) Tj ET Q q 0 0 0 rg BT 282.13 118.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 316.85 118.10 Td (under ) Tj ET Q q 0 0 0 rg BT 342.12 118.10 Td (this ) Tj ET Q q 0 0 0 rg BT 359.07 118.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 403.24 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.07 118.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 438.99 118.10 Td (Management".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 84.72 88.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 114.64 88.10 Td (Assigned ) Tj ET Q q 0 0 0 rg BT 154.37 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.65 88.10 Td (Listings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 107.95 58.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 134.92 58.10 Td (is ) Tj ET Q q 0 0 0 rg BT 143.56 58.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 179.97 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.37 58.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 218.89 58.10 Td (Rating. ) Tj ET Q q 0 0 0 rg BT 249.88 58.10 Td (The ) Tj ET Q q 0 0 0 rg BT 267.39 58.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 299.91 58.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 328.54 58.10 Td (is ) Tj ET Q q 0 0 0 rg BT 337.18 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.58 58.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 366.09 58.10 Td (that ) Tj ET Q q 0 0 0 rg BT 383.06 58.10 Td (indicates ) Tj ET Q q 0 0 0 rg BT 420.56 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.75 58.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 472.25 58.10 Td (level ) Tj ET Q q 0 0 0 rg BT 493.65 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.94 58.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 520.91 58.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.74 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.92 46.10 Td (listing. ) Tj ET Q q 0 0 0 rg BT 116.39 46.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 139.34 46.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 162.84 46.10 Td (grade ) Tj ET Q q 0 0 0 rg BT 188.01 46.10 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 239.29 46.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.04 46.10 Td (an ) Tj ET Q q 0 0 0 rg BT 262.44 46.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 303.72 46.10 Td (average ) Tj ET Q q 0 0 0 rg BT 337.77 46.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 384.04 46.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 402.57 46.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 420.51 46.10 Td (range. ) Tj ET Q q 0 0 0 rg BT 447.97 46.10 Td (The ) Tj ET Q q 0 0 0 rg BT 466.48 46.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 492.77 46.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 536.82 46.10 Td (with ) Tj ET Q q 0 0 0 rg BT 557.56 46.10 Td (a ) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 77.35 742.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 109.12 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.68 742.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 141.59 742.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 193.91 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 207.92 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.26 742.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 252.61 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.28 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.96 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.52 742.10 Td (time ) Tj ET Q q 0 0 0 rg BT 308.64 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.20 742.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 348.87 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 357.89 742.10 Td (given. ) Tj ET Q q 0 0 0 rg BT 384.78 742.10 Td (This ) Tj ET Q q 0 0 0 rg BT 404.90 742.10 Td (means ) Tj ET Q q 0 0 0 rg BT 432.80 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 450.14 742.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 491.36 742.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 521.48 742.10 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 68.47 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 88.60 730.10 Td (dif) Tj ET Q q 0 0 0 rg BT 99.52 730.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 124.09 730.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 155.89 730.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 187.70 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 196.17 730.10 Td (dif) Tj ET Q q 0 0 0 rg BT 207.10 730.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 231.67 730.10 Td (points ) Tj ET Q q 0 0 0 rg BT 257.37 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.40 730.10 Td (time ) Tj ET Q q 0 0 0 rg BT 285.42 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 295.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.47 730.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 340.27 730.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 368.19 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 376.11 730.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 409.02 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.05 730.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 464.83 730.10 Td (more ) Tj ET Q q 0 0 0 rg BT 486.63 730.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 512.30 730.10 Td (information. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (There ) Tj ET Q q 0 0 0 rg BT 75.78 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 90.44 718.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 129.00 718.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 154.22 718.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 187.24 718.10 Td (Ratings, ) Tj ET Q q 0 0 0 rg BT 222.75 718.10 Td (but ) Tj ET Q q 0 0 0 rg BT 237.99 718.10 Td (this, ) Tj ET Q q 0 0 0 rg BT 257.40 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 268.19 718.10 Td (well ) Tj ET Q q 0 0 0 rg BT 287.87 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 298.66 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.33 718.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 331.35 718.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 359.91 718.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 403.47 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 423.71 718.10 Td (each, ) Tj ET Q q 0 0 0 rg BT 446.98 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 466.66 718.10 Td (change ) Tj ET Q q 0 0 0 rg BT 497.43 718.10 Td (over ) Tj ET Q q 0 0 0 rg BT 517.66 718.10 Td (time ) Tj ET Q q 0 0 0 rg BT 537.89 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 548.68 718.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 101.01 706.10 Td (dictates. ) Tj ET Q q 0 0 0 rg BT 136.05 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 144.69 706.10 Td (e ) Tj ET Q q 0 0 0 rg BT 151.28 706.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 178.42 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.35 706.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 226.60 706.10 Td (update ) Tj ET Q q 0 0 0 rg BT 255.41 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.78 706.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 287.49 706.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 308.52 706.10 Td (calibration ) Tj ET Q q 0 0 0 rg BT 353.43 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.36 706.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 391.05 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.42 706.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 431.44 706.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 484.12 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.60 706.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 535.07 706.10 Td (Loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 694.10 Td (updates ) Tj ET Q q 0 0 0 rg BT 101.09 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 119.15 694.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 143.86 694.10 Td (at ) Tj ET Q q 0 0 0 rg BT 153.57 694.10 Td (least ) Tj ET Q q 0 0 0 rg BT 174.40 694.10 Td (annually) Tj ET Q q 0 0 0 rg BT 208.18 694.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 679.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.05 664.10 Td (current ) Tj ET Q q 0 0 0 rg BT 134.86 664.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 167.91 664.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 200.97 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.91 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.63 664.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 273.45 664.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 291.51 664.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 320.11 664.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 363.70 664.10 Td (with ) Tj ET Q q 0 0 0 rg BT 383.98 664.10 Td (them ) Tj ET Q q 0 0 0 rg BT 406.47 664.10 Td (are ) Tj ET Q q 0 0 0 rg BT 421.18 664.10 Td (as ) Tj ET Q q 0 0 0 rg BT 432.01 664.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 602.60 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 602.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 602.60 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 574.60 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 574.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 574.60 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 546.60 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 546.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 546.60 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 518.60 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 518.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 518.60 120.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 602.6 m 436.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 602.6 m 561.5 602.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.00 607.28 Td (Prosper Rating) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.30 626.33 Td (Est. ) Tj ET Q q 0 0 0 rg BT 500.64 626.33 Td (A) Tj ET Q q 0 0 0 rg BT 507.12 626.33 Td (vg.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.15 616.33 Td (Annual Loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.00 606.33 Td (Rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.55 593.17 Td (AA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.00 593.17 Td (0.00% - 1.99%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.15 579.17 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.00 579.17 Td (2.00% - 3.99%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.15 565.17 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.00 565.17 Td (4.00% - 5.99%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.15 551.17 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.00 551.17 Td (6.00% - 8.99%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.85 537.17 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 537.17 Td (9.00% - 11.99%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.40 523.17 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 523.17 Td (12.00% - 14.99%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.55 509.17 Td (HR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.90 509.17 Td (>=15.00%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 475.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.96 475.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 144.69 475.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 162.66 475.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 180.05 475.10 Td (for ) Tj ET Q q 0 0 0 rg BT 194.12 475.10 Td (each ) Tj ET Q q 0 0 0 rg BT 214.85 475.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 242.26 475.10 Td (is ) Tj ET Q q 0 0 0 rg BT 251.34 475.10 Td (based ) Tj ET Q q 0 0 0 rg BT 276.52 475.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 316.14 475.10 Td (on ) Tj ET Q q 0 0 0 rg BT 328.55 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.18 475.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 382.80 475.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 435.73 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.47 475.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 487.20 475.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 514.05 475.10 Td (with ) Tj ET Q q 0 0 0 rg BT 534.24 475.10 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 109.29 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.83 463.10 Td (is ) Tj ET Q q 0 0 0 rg BT 134.60 463.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 173.92 463.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 221.00 463.10 Td (by ) Tj ET Q q 0 0 0 rg BT 233.10 463.10 Td (two ) Tj ET Q q 0 0 0 rg BT 250.20 463.10 Td (scores: ) Tj ET Q q 0 0 0 rg BT 280.07 463.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 291.61 463.10 Td (a ) Tj ET Q q 0 0 0 rg BT 298.15 463.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 329.14 463.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 361.80 463.10 Td (Score, ) Tj ET Q q 0 0 0 rg BT 389.17 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.71 463.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 420.03 463.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.57 463.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 451.43 463.10 Td (score ) Tj ET Q q 0 0 0 rg BT 474.63 463.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 511.17 463.10 Td (from ) Tj ET Q q 0 0 0 rg BT 532.71 463.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.25 463.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.81 451.10 Td (agency) Tj ET Q q 0 0 0 rg BT 116.48 451.10 Td (. ) Tj ET Q q 0 0 0 rg BT 120.98 451.10 Td (The ) Tj ET Q q 0 0 0 rg BT 138.68 451.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 169.72 451.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 202.42 451.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 227.35 451.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.17 451.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 269.98 451.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 319.90 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.83 451.10 Td (include ) Tj ET Q q 0 0 0 rg BT 361.42 451.10 Td (new ) Tj ET Q q 0 0 0 rg BT 380.23 451.10 Td (information ) Tj ET Q q 0 0 0 rg BT 429.60 451.10 Td (that ) Tj ET Q q 0 0 0 rg BT 446.75 451.10 Td (is ) Tj ET Q q 0 0 0 rg BT 455.57 451.10 Td (predictive ) Tj ET Q q 0 0 0 rg BT 497.71 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.19 451.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 547.00 451.10 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.18 439.10 Td (it ) Tj ET Q q 0 0 0 rg BT 67.58 439.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 104.42 439.10 Td (available ) Tj ET Q q 0 0 0 rg BT 142.35 439.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.53 439.10 Td (as ) Tj ET Q q 0 0 0 rg BT 162.71 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.77 439.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 214.16 439.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 258.78 439.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.07 439.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 305.23 439.10 Td (datum ) Tj ET Q q 0 0 0 rg BT 332.07 439.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 368.90 439.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 395.75 439.10 Td (enough ) Tj ET Q q 0 0 0 rg BT 427.04 439.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.67 439.10 Td (merit ) Tj ET Q q 0 0 0 rg BT 459.62 439.10 Td (its ) Tj ET Q q 0 0 0 rg BT 470.91 439.10 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 509.43 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.05 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.12 439.10 Td (custom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 83.05 427.10 Td (Score.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 397.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.20 397.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.17 397.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 143.02 397.10 Td (piece ) Tj ET Q q 0 0 0 rg BT 166.65 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.51 397.10 Td (information ) Tj ET Q q 0 0 0 rg BT 227.26 397.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.46 397.10 Td (found ) Tj ET Q q 0 0 0 rg BT 262.33 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.64 397.10 Td (be ) Tj ET Q q 0 0 0 rg BT 284.62 397.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 312.71 397.10 Td (predictive ) Tj ET Q q 0 0 0 rg BT 355.23 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.09 397.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.07 397.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 417.95 397.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 435.48 397.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 457.46 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.77 397.10 Td (a ) Tj ET Q q 0 0 0 rg BT 474.74 397.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 506.17 397.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 539.25 397.10 Td (Score ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (re-development, ) Tj ET Q q 0 0 0 rg BT 117.60 385.10 Td (then ) Tj ET Q q 0 0 0 rg BT 137.16 385.10 Td (it ) Tj ET Q q 0 0 0 rg BT 145.07 385.10 Td (may ) Tj ET Q q 0 0 0 rg BT 164.63 385.10 Td (be ) Tj ET Q q 0 0 0 rg BT 176.42 385.10 Td (added ) Tj ET Q q 0 0 0 rg BT 202.64 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.77 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.33 385.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 253.00 385.10 Td (process ) Tj ET Q q 0 0 0 rg BT 285.34 385.10 Td (as ) Tj ET Q q 0 0 0 rg BT 296.02 385.10 Td (an ) Tj ET Q q 0 0 0 rg BT 307.81 385.10 Td (overlay ) Tj ET Q q 0 0 0 rg BT 340.14 385.10 Td (until ) Tj ET Q q 0 0 0 rg BT 360.82 385.10 Td (its ) Tj ET Q q 0 0 0 rg BT 372.62 385.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 402.18 385.10 Td (on ) Tj ET Q q 0 0 0 rg BT 414.52 385.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 453.52 385.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 470.87 385.10 Td (is ) Tj ET Q q 0 0 0 rg BT 479.89 385.10 Td (suf) Tj ET Q q 0 0 0 rg BT 491.93 385.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 527.60 385.10 Td (captured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 373.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 129.71 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.54 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.25 373.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 186.64 373.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 219.69 373.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 244.96 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.90 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.62 373.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 301.88 373.10 Td (bureau ) Tj ET Q q 0 0 0 rg BT 331.59 373.10 Td (score.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 343.10 Td (For ) Tj ET Q q 0 0 0 rg BT 103.31 343.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 123.95 343.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 156.26 343.10 Td (begun ) Tj ET Q q 0 0 0 rg BT 184.12 343.10 Td (on ) Tj ET Q q 0 0 0 rg BT 197.54 343.10 Td (or ) Tj ET Q q 0 0 0 rg BT 209.29 343.10 Td (after ) Tj ET Q q 0 0 0 rg BT 231.02 343.10 Td (December ) Tj ET Q q 0 0 0 rg BT 275.53 343.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 291.45 343.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 317.37 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.00 343.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 378.77 343.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 412.74 343.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 442.82 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.68 343.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 494.65 343.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 520.84 343.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.14 343.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.02 331.10 Td (based ) Tj ET Q q 0 0 0 rg BT 121.82 331.10 Td (on ) Tj ET Q q 0 0 0 rg BT 133.86 331.10 Td (information ) Tj ET Q q 0 0 0 rg BT 183.11 331.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 219.58 331.10 Td (from ) Tj ET Q q 0 0 0 rg BT 241.06 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.31 331.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 299.55 331.10 Td (T) Tj ET Q q 0 0 0 rg BT 305.30 331.10 Td (ransUnion ) Tj ET Q q 0 0 0 rg BT 349.00 331.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 373.80 331.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 402.22 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.25 331.10 Td (For ) Tj ET Q q 0 0 0 rg BT 420.18 331.10 Td (all ) Tj ET Q q 0 0 0 rg BT 432.22 331.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 463.15 331.10 Td (begun ) Tj ET Q q 0 0 0 rg BT 489.63 331.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 511.10 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.92 331.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 65.00 319.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 90.00 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.72 319.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 137.77 319.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 166.93 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.87 319.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 216.92 319.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 242.19 319.10 Td (were ) Tj ET Q q 0 0 0 rg BT 264.12 319.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 311.60 319.10 Td (using ) Tj ET Q q 0 0 0 rg BT 335.77 319.10 Td (information ) Tj ET Q q 0 0 0 rg BT 385.48 319.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 422.42 319.10 Td (from ) Tj ET Q q 0 0 0 rg BT 444.36 319.10 Td (Experian.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 84.72 289.10 Td (Score) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 259.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.04 259.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 137.08 259.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 162.34 259.10 Td (predicts ) Tj ET Q q 0 0 0 rg BT 196.48 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.19 259.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 257.56 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.38 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 275.31 259.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 316.12 259.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 339.16 259.10 Td (going ) Tj ET Q q 0 0 0 rg BT 364.43 259.10 Td ("bad," ) Tj ET Q q 0 0 0 rg BT 392.02 259.10 Td (where ) Tj ET Q q 0 0 0 rg BT 418.94 259.10 Td ("bad" ) Tj ET Q q 0 0 0 rg BT 444.03 259.10 Td (is ) Tj ET Q q 0 0 0 rg BT 453.19 259.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 485.67 259.10 Td (as ) Tj ET Q q 0 0 0 rg BT 496.49 259.10 Td (going ) Tj ET Q q 0 0 0 rg BT 521.76 259.10 Td (more ) Tj ET Q q 0 0 0 rg BT 544.79 259.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 62.82 247.10 Td (days ) Tj ET Q q 0 0 0 rg BT 83.96 247.10 Td (past ) Tj ET Q q 0 0 0 rg BT 102.89 247.10 Td (due ) Tj ET Q q 0 0 0 rg BT 120.15 247.10 Td (within ) Tj ET Q q 0 0 0 rg BT 148.52 247.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 177.99 247.10 Td (months ) Tj ET Q q 0 0 0 rg BT 210.26 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.41 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.44 247.10 Td (application ) Tj ET Q q 0 0 0 rg BT 283.69 247.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 305.46 247.10 Td (T) Tj ET Q q 0 0 0 rg BT 310.87 247.10 Td (o ) Tj ET Q q 0 0 0 rg BT 318.68 247.10 Td (create ) Tj ET Q q 0 0 0 rg BT 345.36 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.40 247.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 393.77 247.10 Td (Score, ) Tj ET Q q 0 0 0 rg BT 421.85 247.10 Td (we ) Tj ET Q q 0 0 0 rg BT 436.33 247.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 480.24 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.50 247.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 519.20 247.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 537.02 247.10 Td (model ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (using ) Tj ET Q q 0 0 0 rg BT 73.92 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 89.50 235.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 128.96 235.10 Td (data ) Tj ET Q q 0 0 0 rg BT 147.86 235.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.44 235.10 Td (well ) Tj ET Q q 0 0 0 rg BT 177.91 235.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.48 235.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.17 235.10 Td (data ) Tj ET Q q 0 0 0 rg BT 214.07 235.10 Td (archive ) Tj ET Q q 0 0 0 rg BT 245.75 235.10 Td (from ) Tj ET Q q 0 0 0 rg BT 267.43 235.10 Td (a ) Tj ET Q q 0 0 0 rg BT 274.12 235.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 315.25 235.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 340.26 235.10 Td (bureau. ) Tj ET Q q 0 0 0 rg BT 372.05 235.10 Td (W) Tj ET Q q 0 0 0 rg BT 380.69 235.10 Td (e ) Tj ET Q q 0 0 0 rg BT 387.38 235.10 Td (built ) Tj ET Q q 0 0 0 rg BT 407.96 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.43 235.10 Td (model ) Tj ET Q q 0 0 0 rg BT 449.67 235.10 Td (on ) Tj ET Q q 0 0 0 rg BT 461.92 235.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.60 235.10 Td (population ) Tj ET Q q 0 0 0 rg BT 513.63 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.21 235.10 Td (users ) Tj ET Q q 0 0 0 rg BT 547.01 235.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 82.53 223.10 Td (for ) Tj ET Q q 0 0 0 rg BT 97.28 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.81 223.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 146.22 223.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 169.86 223.10 Td (so ) Tj ET Q q 0 0 0 rg BT 181.84 223.10 Td (that ) Tj ET Q q 0 0 0 rg BT 199.93 223.10 Td (it ) Tj ET Q q 0 0 0 rg BT 208.58 223.10 Td (would ) Tj ET Q q 0 0 0 rg BT 236.67 223.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 285.30 223.10 Td (behavior ) Tj ET Q q 0 0 0 rg BT 323.38 223.10 Td (that ) Tj ET Q q 0 0 0 rg BT 341.46 223.10 Td (is ) Tj ET Q q 0 0 0 rg BT 351.23 223.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 381.53 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.40 223.10 Td (that ) Tj ET Q q 0 0 0 rg BT 410.49 223.10 Td (population. ) Tj ET Q q 0 0 0 rg BT 458.86 223.10 Td (In ) Tj ET Q q 0 0 0 rg BT 470.28 223.10 Td (contrast, ) Tj ET Q q 0 0 0 rg BT 507.53 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 515.06 223.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 540.91 223.10 Td (score ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 86.82 211.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.64 211.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.46 211.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 140.60 211.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 179.64 211.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 210.34 211.10 Td (is ) Tj ET Q q 0 0 0 rg BT 219.39 211.10 Td (based ) Tj ET Q q 0 0 0 rg BT 244.54 211.10 Td (on ) Tj ET Q q 0 0 0 rg BT 256.92 211.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.74 211.10 Td (much ) Tj ET Q q 0 0 0 rg BT 288.34 211.10 Td (broader ) Tj ET Q q 0 0 0 rg BT 321.26 211.10 Td (population, ) Tj ET Q q 0 0 0 rg BT 368.91 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.63 211.10 Td (which ) Tj ET Q q 0 0 0 rg BT 406.45 211.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 449.37 211.10 Td (through ) Tj ET Q q 0 0 0 rg BT 482.86 211.10 Td (our ) Tj ET Q q 0 0 0 rg BT 498.57 211.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 549.81 211.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (just ) Tj ET Q q 0 0 0 rg BT 66.95 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.89 199.10 Td (small ) Tj ET Q q 0 0 0 rg BT 98.05 199.10 Td (subset. ) Tj ET Q q 0 0 0 rg BT 127.87 199.10 Td (W) Tj ET Q q 0 0 0 rg BT 136.51 199.10 Td (e ) Tj ET Q q 0 0 0 rg BT 143.45 199.10 Td (use ) Tj ET Q q 0 0 0 rg BT 159.28 199.10 Td (both ) Tj ET Q q 0 0 0 rg BT 179.56 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.27 199.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 227.32 199.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 252.59 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.53 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 276.47 199.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 301.73 199.10 Td (score ) Tj ET Q q 0 0 0 rg BT 325.33 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.61 199.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 362.55 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.27 199.10 Td (level ) Tj ET Q q 0 0 0 rg BT 399.20 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.03 199.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 427.53 199.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 471.13 199.10 Td (with ) Tj ET Q q 0 0 0 rg BT 491.41 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.34 199.10 Td (listing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 169.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 169.10 Td (o ) Tj ET Q q 0 0 0 rg BT 99.74 169.10 Td (build ) Tj ET Q q 0 0 0 rg BT 123.62 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.39 169.10 Td (validate ) Tj ET Q q 0 0 0 rg BT 176.36 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.91 169.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 224.12 169.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 242.45 169.10 Td (model, ) Tj ET Q q 0 0 0 rg BT 273.27 169.10 Td (we ) Tj ET Q q 0 0 0 rg BT 288.25 169.10 Td (used ) Tj ET Q q 0 0 0 rg BT 309.91 169.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 353.78 169.10 Td (from ) Tj ET Q q 0 0 0 rg BT 376.54 169.10 Td (November ) Tj ET Q q 0 0 0 rg BT 422.08 169.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 445.41 169.10 Td (through ) Tj ET Q q 0 0 0 rg BT 479.84 169.10 Td (December ) Tj ET Q q 0 0 0 rg BT 524.25 169.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 547.58 169.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 90.42 157.10 Td (their ) Tj ET Q q 0 0 0 rg BT 110.85 157.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 163.48 157.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.24 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.56 157.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 220.32 157.10 Td (months ) Tj ET Q q 0 0 0 rg BT 251.88 157.10 Td (following ) Tj ET Q q 0 0 0 rg BT 292.87 157.10 Td (their ) Tj ET Q q 0 0 0 rg BT 313.30 157.10 Td (date ) Tj ET Q q 0 0 0 rg BT 332.06 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.49 157.10 Td (application. ) Tj ET Q q 0 0 0 rg BT 391.37 157.10 Td (W) Tj ET Q q 0 0 0 rg BT 400.01 157.10 Td (e ) Tj ET Q q 0 0 0 rg BT 406.55 157.10 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 444.19 157.10 Td (variables ) Tj ET Q q 0 0 0 rg BT 482.39 157.10 Td (available ) Tj ET Q q 0 0 0 rg BT 520.58 157.10 Td (at ) Tj ET Q q 0 0 0 rg BT 529.90 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.22 157.10 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.17 145.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 87.02 145.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.52 145.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 137.36 145.10 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 175.87 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.49 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.55 145.10 Td (final ) Tj ET Q q 0 0 0 rg BT 219.72 145.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 249.06 145.10 Td (Potential ) Tj ET Q q 0 0 0 rg BT 286.45 145.10 Td (variables ) Tj ET Q q 0 0 0 rg BT 324.39 145.10 Td (included ) Tj ET Q q 0 0 0 rg BT 360.66 145.10 Td (those ) Tj ET Q q 0 0 0 rg BT 383.62 145.10 Td (from ) Tj ET Q q 0 0 0 rg BT 404.90 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.96 145.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 443.56 145.10 Td (report ) Tj ET Q q 0 0 0 rg BT 469.28 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.57 145.10 Td (also ) Tj ET Q q 0 0 0 rg BT 503.52 145.10 Td (those ) Tj ET Q q 0 0 0 rg BT 526.47 145.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.96 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.13 133.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 114.23 133.10 Td (. ) Tj ET Q q 0 0 0 rg BT 119.47 133.10 Td (W) Tj ET Q q 0 0 0 rg BT 128.11 133.10 Td (e ) Tj ET Q q 0 0 0 rg BT 135.50 133.10 Td (dropped ) Tj ET Q q 0 0 0 rg BT 171.22 133.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.51 133.10 Td (kept ) Tj ET Q q 0 0 0 rg BT 202.68 133.10 Td (variables ) Tj ET Q q 0 0 0 rg BT 241.73 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.47 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.64 133.10 Td (final ) Tj ET Q q 0 0 0 rg BT 288.92 133.10 Td (model ) Tj ET Q q 0 0 0 rg BT 316.87 133.10 Td (based ) Tj ET Q q 0 0 0 rg BT 342.59 133.10 Td (on ) Tj ET Q q 0 0 0 rg BT 355.55 133.10 Td (their ) Tj ET Q q 0 0 0 rg BT 376.83 133.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 428.67 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.06 133.10 Td (stability ) Tj ET Q q 0 0 0 rg BT 481.24 133.10 Td (over ) Tj ET Q q 0 0 0 rg BT 501.96 133.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 525.19 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.59 133.10 Td (went ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (through ) Tj ET Q q 0 0 0 rg BT 82.98 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 89.29 121.10 Td (number ) Tj ET Q q 0 0 0 rg BT 121.70 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.90 121.10 Td (iterations ) Tj ET Q q 0 0 0 rg BT 170.98 121.10 Td (before ) Tj ET Q q 0 0 0 rg BT 198.39 121.10 Td (finalizing ) Tj ET Q q 0 0 0 rg BT 238.58 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.66 121.10 Td (model ) Tj ET Q q 0 0 0 rg BT 279.53 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.17 121.10 Td (its ) Tj ET Q q 0 0 0 rg BT 300.49 121.10 Td (current ) Tj ET Q q 0 0 0 rg BT 330.68 121.10 Td (form. ) Tj ET Q q 0 0 0 rg BT 354.35 121.10 Td (The ) Tj ET Q q 0 0 0 rg BT 371.77 121.10 Td (final ) Tj ET Q q 0 0 0 rg BT 391.96 121.10 Td (model ) Tj ET Q q 0 0 0 rg BT 418.82 121.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 454.02 121.10 Td (variables ) Tj ET Q q 0 0 0 rg BT 491.98 121.10 Td (such ) Tj ET Q q 0 0 0 rg BT 512.18 121.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.38 121.10 Td ("Inquiries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (last ) Tj ET Q q 0 0 0 rg BT 66.42 109.10 Td (six ) Tj ET Q q 0 0 0 rg BT 80.62 109.10 Td (months" ) Tj ET Q q 0 0 0 rg BT 116.68 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.65 109.10 Td ("Debt-to-Income ) Tj ET Q q 0 0 0 rg BT 204.13 109.10 Td (Ratio". ) Tj ET Q q 0 0 0 rg BT 234.72 109.10 Td (The ) Tj ET Q q 0 0 0 rg BT 252.80 109.10 Td (former ) Tj ET Q q 0 0 0 rg BT 282.54 109.10 Td (is ) Tj ET Q q 0 0 0 rg BT 291.74 109.10 Td (an ) Tj ET Q q 0 0 0 rg BT 303.71 109.10 Td (example ) Tj ET Q q 0 0 0 rg BT 340.12 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.98 109.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.95 109.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 383.24 109.10 Td (report ) Tj ET Q q 0 0 0 rg BT 409.65 109.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 444.39 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.36 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.11 109.10 Td (latter ) Tj ET Q q 0 0 0 rg BT 499.18 109.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 518.93 109.10 Td (both ) Tj ET Q q 0 0 0 rg BT 539.24 109.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (report ) Tj ET Q q 0 0 0 rg BT 76.38 97.10 Td (information ) Tj ET Q q 0 0 0 rg BT 126.09 97.10 Td (as ) Tj ET Q q 0 0 0 rg BT 136.92 97.10 Td (well ) Tj ET Q q 0 0 0 rg BT 156.64 97.10 Td (as ) Tj ET Q q 0 0 0 rg BT 167.47 97.10 Td (income ) Tj ET Q q 0 0 0 rg BT 199.40 97.10 Td (information ) Tj ET Q q 0 0 0 rg BT 249.11 97.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 287.16 97.10 Td (by ) Tj ET Q q 0 0 0 rg BT 299.66 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.38 97.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 350.47 97.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 67.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.33 67.10 Td (model ) Tj ET Q q 0 0 0 rg BT 132.10 67.10 Td (assigns ) Tj ET Q q 0 0 0 rg BT 163.77 67.10 Td (weights ) Tj ET Q q 0 0 0 rg BT 197.66 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.21 67.10 Td (all ) Tj ET Q q 0 0 0 rg BT 220.99 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.09 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.09 67.10 Td (variables ) Tj ET Q q 0 0 0 rg BT 285.96 67.10 Td (based ) Tj ET Q q 0 0 0 rg BT 311.51 67.10 Td (on ) Tj ET Q q 0 0 0 rg BT 324.29 67.10 Td (their ) Tj ET Q q 0 0 0 rg BT 345.39 67.10 Td (value ) Tj ET Q q 0 0 0 rg BT 369.82 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.38 67.10 Td (predicting ) Tj ET Q q 0 0 0 rg BT 423.70 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.70 67.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 482.03 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.13 67.10 Td (a ) Tj ET Q q 0 0 0 rg BT 500.35 67.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 541.45 67.10 Td (Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (going ) Tj ET Q q 0 0 0 rg BT 74.75 55.10 Td (bad. ) Tj ET Q q 0 0 0 rg BT 93.65 55.10 Td (For ) Tj ET Q q 0 0 0 rg BT 109.51 55.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.92 55.10 Td (given ) Tj ET Q q 0 0 0 rg BT 140.10 55.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 176.35 55.10 Td (, ) Tj ET Q q 0 0 0 rg BT 180.82 55.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.00 55.10 Td (model ) Tj ET Q q 0 0 0 rg BT 221.97 55.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 261.15 55.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.33 55.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 321.18 55.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.48 55.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.66 55.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 384.28 55.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 425.68 55.10 Td (bad, ) Tj ET Q q 0 0 0 rg BT 444.59 55.10 Td (which ) Tj ET Q q 0 0 0 rg BT 471.00 55.10 Td (is ) Tj ET Q q 0 0 0 rg BT 479.63 55.10 Td (called ) Tj ET Q q 0 0 0 rg BT 505.47 55.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.66 55.10 Td (borrower's ) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ("probability ) Tj ET Q q 0 0 0 rg BT 100.56 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.49 742.10 Td (bad." ) Tj ET Q q 0 0 0 rg BT 134.92 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 153.06 742.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 199.54 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.47 742.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 227.50 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 241.76 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 248.79 742.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 288.04 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 297.31 742.10 Td (then ) Tj ET Q q 0 0 0 rg BT 317.12 742.10 Td (mapped ) Tj ET Q q 0 0 0 rg BT 351.37 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.75 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.78 742.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 401.93 742.10 Td (Score, ) Tj ET Q q 0 0 0 rg BT 429.80 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 456.83 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 466.10 742.10 Td (displayed ) Tj ET Q q 0 0 0 rg BT 507.02 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 517.95 742.10 Td (part ) Tj ET Q q 0 0 0 rg BT 536.09 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.02 742.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (listing. ) Tj ET Q q 0 0 0 rg BT 80.63 730.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 114.31 730.10 Td (Scores ) Tj ET Q q 0 0 0 rg BT 144.10 730.10 Td (range ) Tj ET Q q 0 0 0 rg BT 169.44 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 192.01 730.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 200.14 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.04 730.10 Td (1) Tj ET Q q 0 0 0 rg BT 215.67 730.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 226.30 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 247.21 730.10 Td (1) Tj ET Q q 0 0 0 rg BT 251.84 730.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 259.97 730.10 Td (being ) Tj ET Q q 0 0 0 rg BT 285.31 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.66 730.10 Td (best, ) Tj ET Q q 0 0 0 rg BT 322.39 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 333.85 730.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 363.09 730.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 381.22 730.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 408.28 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 426.95 730.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 473.96 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.42 730.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 502.99 730.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 532.22 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 109.71 718.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 142.76 718.10 Td (Scores ) Tj ET Q q 0 0 0 rg BT 171.92 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 186.63 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 197.46 718.10 Td (follows.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 666.60 432.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 666.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 666.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 638.60 432.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 638.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 638.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 610.60 432.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 610.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 610.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 582.60 432.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 582.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 582.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 554.60 432.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 554.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 554.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 526.60 432.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 526.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 526.60 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 666.6 m 481.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 666.6 m 561.5 666.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.60 671.28 Td (Probability of Bad) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 671.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.70 680.33 Td (Pr) Tj ET Q q 0 0 0 rg BT 517.07 680.33 Td (osper) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.65 670.33 Td (Scor) Tj ET Q q 0 0 0 rg BT 530.91 670.33 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.50 657.17 Td (> 13.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 657.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 657.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.35 643.17 Td (12.00 < x <= 13.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 643.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 643.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.35 629.17 Td (9.50 < x <= 12.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 629.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 629.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.35 615.17 Td (8.00 < x <= 9.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 615.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 615.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.35 601.17 Td (6.90 < x <= 8.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 601.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 601.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.35 587.17 Td (5.90 < x <= 6.90%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 587.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 587.17 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.35 573.17 Td (5.00 < x <= 5.90%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 573.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 573.17 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.35 559.17 Td (4.20 < x <= 5.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 559.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 559.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.35 545.17 Td (3.50 < x <= 4.20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 545.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 545.17 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.35 531.17 Td (2.70 < x <= 3.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 531.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 531.17 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.35 517.17 Td (0.00 < x <= 2.70%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 517.17 Td (11) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 483.10 Td (For ) Tj ET Q q 0 0 0 rg BT 102.25 483.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 140.99 483.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.79 483.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 194.03 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.73 483.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 221.53 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.22 483.10 Td (3.29% ) Tj ET Q q 0 0 0 rg BT 260.41 483.10 Td (equates ) Tj ET Q q 0 0 0 rg BT 292.76 483.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.90 483.10 Td (a ) Tj ET Q q 0 0 0 rg BT 309.70 483.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 342.61 483.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 367.75 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.44 483.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 390.80 483.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.60 483.10 Td (a ) Tj ET Q q 0 0 0 rg BT 414.40 483.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 460.65 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.34 483.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 488.14 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.83 483.10 Td (12.00% ) Tj ET Q q 0 0 0 rg BT 532.02 483.10 Td (equates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.42 471.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.51 471.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 100.71 471.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 126.12 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.10 471.10 Td (3. ) Tj ET Q q 0 0 0 rg BT 147.05 471.10 Td (The ) Tj ET Q q 0 0 0 rg BT 165.25 471.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 211.78 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.75 471.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 239.84 471.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 268.58 471.10 Td (may ) Tj ET Q q 0 0 0 rg BT 288.45 471.10 Td (change ) Tj ET Q q 0 0 0 rg BT 319.41 471.10 Td (over ) Tj ET Q q 0 0 0 rg BT 339.82 471.10 Td (time ) Tj ET Q q 0 0 0 rg BT 360.24 471.10 Td (as ) Tj ET Q q 0 0 0 rg BT 371.22 471.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 413.86 471.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 467.03 471.10 Td (data ) Tj ET Q q 0 0 0 rg BT 486.33 471.10 Td (is ) Tj ET Q q 0 0 0 rg BT 495.64 471.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 532.71 471.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 471.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 81.39 459.10 Td (model ) Tj ET Q q 0 0 0 rg BT 108.88 459.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.05 459.10 Td (updated.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 78.06 429.10 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 111.68 429.10 Td (Score) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 399.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.36 399.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 131.15 399.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.96 399.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.20 399.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 187.78 399.10 Td (Score, ) Tj ET Q q 0 0 0 rg BT 215.07 399.10 Td (another ) Tj ET Q q 0 0 0 rg BT 247.08 399.10 Td (major ) Tj ET Q q 0 0 0 rg BT 272.43 399.10 Td (element ) Tj ET Q q 0 0 0 rg BT 306.11 399.10 Td (used ) Tj ET Q q 0 0 0 rg BT 326.46 399.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.27 399.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 378.27 399.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.52 399.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 425.09 399.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 453.78 399.10 Td (for ) Tj ET Q q 0 0 0 rg BT 467.47 399.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.93 399.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 500.96 399.10 Td (is ) Tj ET Q q 0 0 0 rg BT 509.66 399.10 Td (a ) Tj ET Q q 0 0 0 rg BT 516.12 399.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 540.91 399.10 Td (score ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.56 387.10 Td (a ) Tj ET Q q 0 0 0 rg BT 80.11 387.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 122.11 387.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 161.88 387.10 Td (agency) Tj ET Q q 0 0 0 rg BT 189.55 387.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.94 387.10 Td (W) Tj ET Q q 0 0 0 rg BT 203.58 387.10 Td (e ) Tj ET Q q 0 0 0 rg BT 211.13 387.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 250.34 387.10 Td (use ) Tj ET Q q 0 0 0 rg BT 266.57 387.10 Td (T) Tj ET Q q 0 0 0 rg BT 272.32 387.10 Td (ransUnion's ) Tj ET Q q 0 0 0 rg BT 322.79 387.10 Td (FICO08 ) Tj ET Q q 0 0 0 rg BT 358.70 387.10 Td (score, ) Tj ET Q q 0 0 0 rg BT 385.41 387.10 Td (although ) Tj ET Q q 0 0 0 rg BT 423.52 387.10 Td (we ) Tj ET Q q 0 0 0 rg BT 438.30 387.10 Td (may ) Tj ET Q q 0 0 0 rg BT 458.64 387.10 Td (use ) Tj ET Q q 0 0 0 rg BT 475.08 387.10 Td (one ) Tj ET Q q 0 0 0 rg BT 492.64 387.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.09 387.10 Td (more ) Tj ET Q q 0 0 0 rg BT 527.75 387.10 Td (dif) Tj ET Q q 0 0 0 rg BT 538.68 387.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.10 Td (scores ) Tj ET Q q 0 0 0 rg BT 77.12 375.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.02 375.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.36 375.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 129.86 375.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.84 375.10 Td (W) Tj ET Q q 0 0 0 rg BT 140.47 375.10 Td (e ) Tj ET Q q 0 0 0 rg BT 147.04 375.10 Td (used ) Tj ET Q q 0 0 0 rg BT 167.49 375.10 Td (Experian's ) Tj ET Q q 0 0 0 rg BT 211.41 375.10 Td (FICO08 ) Tj ET Q q 0 0 0 rg BT 246.31 375.10 Td (score ) Tj ET Q q 0 0 0 rg BT 269.54 375.10 Td (for ) Tj ET Q q 0 0 0 rg BT 283.32 375.10 Td (all ) Tj ET Q q 0 0 0 rg BT 295.44 375.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 326.47 375.10 Td (begun ) Tj ET Q q 0 0 0 rg BT 353.03 375.10 Td (between ) Tj ET Q q 0 0 0 rg BT 388.47 375.10 Td (September ) Tj ET Q q 0 0 0 rg BT 433.36 375.10 Td (6, ) Tj ET Q q 0 0 0 rg BT 442.99 375.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 465.11 375.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.68 375.10 Td (December ) Tj ET Q q 0 0 0 rg BT 524.89 375.10 Td (20, ) Tj ET Q q 0 0 0 rg BT 539.51 375.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.29 363.10 Td (Experian's ) Tj ET Q q 0 0 0 rg BT 111.94 363.10 Td (Scorex ) Tj ET Q q 0 0 0 rg BT 142.56 363.10 Td (PLUS ) Tj ET Q q 0 0 0 rg BT 169.87 363.10 Td (score ) Tj ET Q q 0 0 0 rg BT 193.83 363.10 Td (for ) Tj ET Q q 0 0 0 rg BT 208.34 363.10 Td (all ) Tj ET Q q 0 0 0 rg BT 221.20 363.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 252.95 363.10 Td (begun ) Tj ET Q q 0 0 0 rg BT 280.24 363.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 302.54 363.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.17 363.10 Td (September ) Tj ET Q q 0 0 0 rg BT 358.79 363.10 Td (6, ) Tj ET Q q 0 0 0 rg BT 369.15 363.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 394.51 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.16 363.10 Td (The ) Tj ET Q q 0 0 0 rg BT 415.56 363.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 457.31 363.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 482.93 363.10 Td (score ) Tj ET Q q 0 0 0 rg BT 506.88 363.10 Td (required ) Tj ET Q q 0 0 0 rg BT 543.06 363.10 Td (for ) Tj ET Q q 0 0 0 rg BT 557.57 363.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 89.15 351.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.43 351.10 Td (post ) Tj ET Q q 0 0 0 rg BT 118.60 351.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.54 351.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 153.04 351.10 Td (is ) Tj ET Q q 0 0 0 rg BT 162.21 351.10 Td (640.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 321.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 321.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.54 321.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 128.99 321.10 Td (a ) Tj ET Q q 0 0 0 rg BT 135.89 321.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 180.69 321.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 205.92 321.10 Td (score ) Tj ET Q q 0 0 0 rg BT 229.48 321.10 Td (at ) Tj ET Q q 0 0 0 rg BT 239.15 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.83 321.10 Td (time ) Tj ET Q q 0 0 0 rg BT 274.06 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.74 321.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 316.20 321.10 Td (is ) Tj ET Q q 0 0 0 rg BT 325.33 321.10 Td (created, ) Tj ET Q q 0 0 0 rg BT 359.16 321.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 386.62 321.10 Td (we ) Tj ET Q q 0 0 0 rg BT 400.74 321.10 Td (already ) Tj ET Q q 0 0 0 rg BT 432.62 321.10 Td (have ) Tj ET Q q 0 0 0 rg BT 453.96 321.10 Td (a ) Tj ET Q q 0 0 0 rg BT 460.86 321.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 486.08 321.10 Td (score ) Tj ET Q q 0 0 0 rg BT 509.64 321.10 Td (on ) Tj ET Q q 0 0 0 rg BT 522.10 321.10 Td (file ) Tj ET Q q 0 0 0 rg BT 537.88 321.10 Td (that ) Tj ET Q q 0 0 0 rg BT 555.34 321.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.58 309.10 Td (more ) Tj ET Q q 0 0 0 rg BT 88.94 309.10 Td (than ) Tj ET Q q 0 0 0 rg BT 108.96 309.10 Td (thirty ) Tj ET Q q 0 0 0 rg BT 133.43 309.10 Td (days ) Tj ET Q q 0 0 0 rg BT 154.57 309.10 Td (old. ) Tj ET Q q 0 0 0 rg BT 172.45 309.10 Td (This ) Tj ET Q q 0 0 0 rg BT 193.04 309.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 218.61 309.10 Td (score ) Tj ET Q q 0 0 0 rg BT 242.51 309.10 Td (is ) Tj ET Q q 0 0 0 rg BT 251.99 309.10 Td (used ) Tj ET Q q 0 0 0 rg BT 273.13 309.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.71 309.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 326.50 309.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.52 309.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 374.88 309.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 404.35 309.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.82 309.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.84 309.10 Td (listing, ) Tj ET Q q 0 0 0 rg BT 464.15 309.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.40 309.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.42 309.10 Td (range ) Tj ET Q q 0 0 0 rg BT 521.44 309.10 Td (that ) Tj ET Q q 0 0 0 rg BT 539.24 309.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (score ) Tj ET Q q 0 0 0 rg BT 74.06 297.10 Td (falls ) Tj ET Q q 0 0 0 rg BT 94.23 297.10 Td (within ) Tj ET Q q 0 0 0 rg BT 122.75 297.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.38 297.10 Td (also ) Tj ET Q q 0 0 0 rg BT 151.45 297.10 Td (included ) Tj ET Q q 0 0 0 rg BT 188.84 297.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.58 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.75 297.10 Td (listing. ) Tj ET Q q 0 0 0 rg BT 245.21 297.10 Td (If ) Tj ET Q q 0 0 0 rg BT 254.83 297.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 296.38 297.10 Td (we ) Tj ET Q q 0 0 0 rg BT 311.00 297.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 338.96 297.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 373.57 297.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 399.29 297.10 Td (scores ) Tj ET Q q 0 0 0 rg BT 427.24 297.10 Td (on ) Tj ET Q q 0 0 0 rg BT 440.20 297.10 Td (a ) Tj ET Q q 0 0 0 rg BT 447.60 297.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 483.89 297.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 506.85 297.10 Td (for ) Tj ET Q q 0 0 0 rg BT 521.47 297.10 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.45 285.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 119.79 285.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 160.79 285.10 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 190.21 285.10 Td (W) Tj ET Q q 0 0 0 rg BT 198.85 285.10 Td (e ) Tj ET Q q 0 0 0 rg BT 205.96 285.10 Td (do ) Tj ET Q q 0 0 0 rg BT 218.63 285.10 Td (not ) Tj ET Q q 0 0 0 rg BT 234.09 285.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 268.98 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.87 285.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 328.89 285.10 Td (exact ) Tj ET Q q 0 0 0 rg BT 352.66 285.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 378.10 285.10 Td (score ) Tj ET Q q 0 0 0 rg BT 401.87 285.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.32 285.10 Td (any ) Tj ET Q q 0 0 0 rg BT 429.44 285.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 480.97 285.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 506.69 285.10 Td (except ) Tj ET Q q 0 0 0 rg BT 535.46 285.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 285.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 89.15 273.10 Td (himself.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (49) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Assigning ) Tj ET Q q 0 0 0 rg BT 93.63 742.25 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 137.25 742.25 Td (Loss ) Tj ET Q q 0 0 0 rg BT 158.64 742.25 Td (Rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 128.11 712.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 145.79 712.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 166.79 712.25 Td (are ) Tj ET Q q 0 0 0 rg BT 181.12 712.25 Td (based ) Tj ET Q q 0 0 0 rg BT 206.01 712.25 Td (on ) Tj ET Q q 0 0 0 rg BT 218.13 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.47 712.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 271.81 712.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 324.45 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.90 712.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 375.34 712.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 401.90 712.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 444.57 712.25 Td (through ) Tj ET Q q 0 0 0 rg BT 477.80 712.25 Td (our ) Tj ET Q q 0 0 0 rg BT 493.25 712.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 544.23 712.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 80.05 700.25 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 139.52 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.23 700.25 Td (are ) Tj ET Q q 0 0 0 rg BT 170.72 700.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 210.21 700.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 257.47 700.25 Td (by ) Tj ET Q q 0 0 0 rg BT 269.74 700.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 302.57 700.25 Td (Scores ) Tj ET Q q 0 0 0 rg BT 331.51 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.23 700.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 373.27 700.25 Td (scores. ) Tj ET Q q 0 0 0 rg BT 402.87 700.25 Td (The ) Tj ET Q q 0 0 0 rg BT 420.70 700.25 Td (starting ) Tj ET Q q 0 0 0 rg BT 452.97 700.25 Td (point ) Tj ET Q q 0 0 0 rg BT 475.80 700.25 Td (for ) Tj ET Q q 0 0 0 rg BT 489.74 700.25 Td (this ) Tj ET Q q 0 0 0 rg BT 506.47 700.25 Td (determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.82 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.18 688.25 Td (base ) Tj ET Q q 0 0 0 rg BT 93.10 688.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 110.81 688.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 127.94 688.25 Td (table, ) Tj ET Q q 0 0 0 rg BT 152.02 688.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 180.28 688.25 Td (below) Tj ET Q q 0 0 0 rg BT 204.07 688.25 Td (, ) Tj ET Q q 0 0 0 rg BT 208.72 688.25 Td (which ) Tj ET Q q 0 0 0 rg BT 235.30 688.25 Td (was ) Tj ET Q q 0 0 0 rg BT 253.00 688.25 Td (created ) Tj ET Q q 0 0 0 rg BT 284.01 688.25 Td (by ) Tj ET Q q 0 0 0 rg BT 296.16 688.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 331.64 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.01 688.25 Td (range ) Tj ET Q q 0 0 0 rg BT 370.36 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.84 688.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 413.54 688.25 Td (Scores ) Tj ET Q q 0 0 0 rg BT 442.35 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.93 688.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 483.84 688.25 Td (scores ) Tj ET Q q 0 0 0 rg BT 510.98 688.25 Td (into ) Tj ET Q q 0 0 0 rg BT 528.68 688.25 Td (multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (segments ) Tj ET Q q 0 0 0 rg BT 90.14 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.50 676.25 Td (combining ) Tj ET Q q 0 0 0 rg BT 153.20 676.25 Td (them ) Tj ET Q q 0 0 0 rg BT 176.11 676.25 Td (into ) Tj ET Q q 0 0 0 rg BT 194.59 676.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.95 676.25 Td (single ) Tj ET Q q 0 0 0 rg BT 228.76 676.25 Td (grid. ) Tj ET Q q 0 0 0 rg BT 249.65 676.25 Td (A) Tj ET Q q 0 0 0 rg BT 256.32 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.24 676.25 Td (base ) Tj ET Q q 0 0 0 rg BT 279.93 676.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 298.42 676.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 316.32 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 325.92 676.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 367.16 676.25 Td (for ) Tj ET Q q 0 0 0 rg BT 381.74 676.25 Td (each ) Tj ET Q q 0 0 0 rg BT 402.98 676.25 Td (cell ) Tj ET Q q 0 0 0 rg BT 420.33 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.03 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.17 676.25 Td (table, ) Tj ET Q q 0 0 0 rg BT 471.03 676.25 Td (based ) Tj ET Q q 0 0 0 rg BT 496.72 676.25 Td (on ) Tj ET Q q 0 0 0 rg BT 509.64 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.78 676.25 Td (historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.11 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.03 664.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 154.93 664.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 181.96 664.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 225.09 664.25 Td (through ) Tj ET Q q 0 0 0 rg BT 258.78 664.25 Td (our ) Tj ET Q q 0 0 0 rg BT 274.70 664.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 326.14 664.25 Td (that ) Tj ET Q q 0 0 0 rg BT 343.73 664.25 Td (occupied ) Tj ET Q q 0 0 0 rg BT 382.41 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.21 664.25 Td (same ) Tj ET Q q 0 0 0 rg BT 420.34 664.25 Td (cell ) Tj ET Q q 0 0 0 rg BT 437.37 664.25 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.70 664.25 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.91 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 458.00 664.25 Td (that ) Tj ET Q q 0 0 0 rg BT 475.58 664.25 Td (had ) Tj ET Q q 0 0 0 rg BT 492.61 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.41 664.25 Td (same ) Tj ET Q q 0 0 0 rg BT 530.54 664.25 Td (point ) Tj ET Q q 0 0 0 rg BT 553.69 664.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (intersection ) Tj ET Q q 0 0 0 rg BT 98.84 652.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.70 652.25 Td (their ) Tj ET Q q 0 0 0 rg BT 133.21 652.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 165.96 652.25 Td (Score ) Tj ET Q q 0 0 0 rg BT 190.92 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.55 652.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 232.50 652.25 Td (score\). ) Tj ET Q q 0 0 0 rg BT 261.63 652.25 Td (Cells ) Tj ET Q q 0 0 0 rg BT 284.38 652.25 Td (may ) Tj ET Q q 0 0 0 rg BT 303.78 652.25 Td (be ) Tj ET Q q 0 0 0 rg BT 315.42 652.25 Td (given ) Tj ET Q q 0 0 0 rg BT 339.82 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.23 652.25 Td (same ) Tj ET Q q 0 0 0 rg BT 376.97 652.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 394.73 652.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 411.90 652.25 Td (due ) Tj ET Q q 0 0 0 rg BT 428.54 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.51 652.25 Td (small ) Tj ET Q q 0 0 0 rg BT 462.36 652.25 Td (volume, ) Tj ET Q q 0 0 0 rg BT 497.05 652.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 527.02 652.25 Td (behavior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.73 640.25 Td (both. ) Tj ET Q q 0 0 0 rg BT 83.24 640.25 Td (W) Tj ET Q q 0 0 0 rg BT 91.88 640.25 Td (e ) Tj ET Q q 0 0 0 rg BT 98.72 640.25 Td (review ) Tj ET Q q 0 0 0 rg BT 128.33 640.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 147.95 640.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 200.88 640.25 Td (on ) Tj ET Q q 0 0 0 rg BT 213.28 640.25 Td (a ) Tj ET Q q 0 0 0 rg BT 220.13 640.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 255.86 640.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 278.27 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.45 640.25 Td (see ) Tj ET Q q 0 0 0 rg BT 303.62 640.25 Td (how ) Tj ET Q q 0 0 0 rg BT 323.25 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.87 640.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 355.83 640.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 373.22 640.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 412.84 640.25 Td (compare ) Tj ET Q q 0 0 0 rg BT 449.67 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.85 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.47 640.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 500.75 640.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 553.67 640.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 91.27 628.25 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 121.16 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.55 628.25 Td (make ) Tj ET Q q 0 0 0 rg BT 163.16 628.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 213.88 628.25 Td (as ) Tj ET Q q 0 0 0 rg BT 225.16 628.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 266.98 628.25 Td (based ) Tj ET Q q 0 0 0 rg BT 292.70 628.25 Td (on ) Tj ET Q q 0 0 0 rg BT 305.65 628.25 Td (such ) Tj ET Q q 0 0 0 rg BT 326.93 628.25 Td (reviews. ) Tj ET Q q 0 0 0 rg BT 363.48 628.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 391.98 628.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 413.79 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.52 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.69 628.25 Td (website ) Tj ET Q q 0 0 0 rg BT 473.19 628.25 Td (for ) Tj ET Q q 0 0 0 rg BT 487.80 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.97 628.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 544.24 628.25 Td (base ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 67.86 616.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 85.15 616.25 Td (table ) Tj ET Q q 0 0 0 rg BT 106.88 616.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 145.27 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.35 616.25 Td (use. ) Tj ET Q q 0 0 0 rg BT 173.48 616.25 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 215.77 616.25 Td (base ) Tj ET Q q 0 0 0 rg BT 235.84 616.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 253.70 616.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 274.88 616.25 Td (for ) Tj ET Q q 0 0 0 rg BT 288.84 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.35 616.25 Td (cells ) Tj ET Q q 0 0 0 rg BT 323.98 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 334.06 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.57 616.25 Td (table ) Tj ET Q q 0 0 0 rg BT 370.31 616.25 Td (below ) Tj ET Q q 0 0 0 rg BT 397.05 616.25 Td (correspond ) Tj ET Q q 0 0 0 rg BT 443.77 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 453.85 616.25 Td (those ) Tj ET Q q 0 0 0 rg BT 477.26 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 487.34 616.25 Td (ef) Tj ET Q q 0 0 0 rg BT 494.93 616.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 512.21 616.25 Td (as ) Tj ET Q q 0 0 0 rg BT 522.84 616.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.67 616.25 Td (June1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 604.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 589.25 Td () Tj ET Q 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 534.75 56.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 105.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 109.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 143.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 147.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 181.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 185.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 219.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 223.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 257.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 261.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 295.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 299.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 333.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 337.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 371.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 375.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 409.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 413.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 447.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 451.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 485.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 489.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 523.50 534.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 527.50 534.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 486.75 56.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 105.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 109.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 143.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 147.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 181.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 185.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 219.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 223.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 257.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 261.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 295.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 299.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 333.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 337.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 371.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 375.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 409.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 413.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 447.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 451.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 485.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 489.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 523.50 486.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 527.50 486.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 438.75 56.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 105.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 109.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 143.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 147.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 181.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 185.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 219.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 223.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 257.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 261.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 295.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 299.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 333.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 337.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 371.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 375.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 409.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 413.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 447.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 451.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 485.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 489.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 523.50 438.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 527.50 438.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 390.75 56.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 105.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 109.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 143.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 147.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 181.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 185.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 219.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 223.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 257.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 261.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 295.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 299.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 333.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 337.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 371.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 375.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 409.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 413.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 447.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 451.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 485.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 489.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 523.50 390.75 4.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 527.50 390.75 34.00 -24.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 342.75 56.00 -24.00 re f /GS0 gs 0.8117647058823529 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TL q 0 0 0 rg BT 74.75 443.21 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.10 443.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.10 443.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.12549019607843137 0.3764705882352941 rg BT 188.10 443.21 Td (11.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 226.10 443.21 Td (11.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 264.10 443.21 Td (11.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 302.10 443.21 Td (11.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 340.10 443.21 Td (10.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 380.35 443.21 Td (9.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 418.35 443.21 Td (9.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 456.35 443.21 Td (9.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 494.35 443.21 Td (8.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 532.35 443.21 Td (8.99%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 74.75 419.21 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.10 419.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.10 419.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.12549019607843137 0.3764705882352941 rg BT 188.10 419.21 Td (11.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 226.10 419.21 Td (11.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 266.35 419.21 Td (9.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 304.35 419.21 Td (9.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 342.35 419.21 Td (8.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 380.35 419.21 Td (8.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 418.35 419.21 Td (8.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 456.35 419.21 Td (8.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 494.35 419.21 Td (8.24%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 532.35 419.21 Td (8.24%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 74.75 395.21 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.10 395.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.10 395.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.12549019607843137 0.3764705882352941 rg BT 188.10 395.21 Td (10.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 228.35 395.21 Td (9.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 266.35 395.21 Td (8.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 304.35 395.21 Td (8.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 342.35 395.21 Td (8.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 380.35 395.21 Td (7.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 418.35 395.21 Td (7.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 456.35 395.21 Td (7.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 494.35 395.21 Td (7.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 532.35 395.21 Td (7.49%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 74.75 371.21 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.10 371.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.10 371.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.12549019607843137 0.3764705882352941 rg BT 190.35 371.21 Td (8.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 228.35 371.21 Td (8.24%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 266.35 371.21 Td (7.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 304.35 371.21 Td (6.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 342.35 371.21 Td (6.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 380.35 371.21 Td (5.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 418.35 371.21 Td (5.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 456.35 371.21 Td (5.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 494.35 371.21 Td (5.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 532.35 371.21 Td (5.74%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 74.75 347.21 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.10 347.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.10 347.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.12549019607843137 0.3764705882352941 rg BT 190.35 347.21 Td (7.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 228.35 347.21 Td (7.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 266.35 347.21 Td (5.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 304.35 347.21 Td (5.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 342.35 347.21 Td (5.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 380.35 347.21 Td (5.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 418.35 347.21 Td (5.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 456.35 347.21 Td (5.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 494.35 347.21 Td (5.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 532.35 347.21 Td (5.49%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 74.75 323.21 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.10 323.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.10 323.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.12549019607843137 0.3764705882352941 rg BT 190.35 323.21 Td (6.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 228.35 323.21 Td (5.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 266.35 323.21 Td (5.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 304.35 323.21 Td (5.24%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 342.35 323.21 Td (3.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 380.35 323.21 Td (3.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 418.35 323.21 Td (3.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 456.35 323.21 Td (3.24%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 494.35 323.21 Td (3.24%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 532.35 323.21 Td (3.24%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.50 299.21 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.10 299.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.10 299.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.12549019607843137 0.3764705882352941 rg BT 190.35 299.21 Td (4.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 228.35 299.21 Td (4.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 266.35 299.21 Td (4.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 304.35 299.21 Td (3.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 342.35 299.21 Td (3.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 380.35 299.21 Td (3.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 418.35 299.21 Td (3.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 456.35 299.21 Td (3.24%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 494.35 299.21 Td (2.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 532.35 299.21 Td (2.24%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.50 275.21 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.10 275.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.10 275.21 Td (22.25%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.12549019607843137 0.3764705882352941 rg BT 190.35 275.21 Td (4.24%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 228.35 275.21 Td (3.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 266.35 275.21 Td (3.24%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 304.35 275.21 Td (2.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 342.35 275.21 Td (1.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 380.35 275.21 Td (1.49%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 418.35 275.21 Td (1.24%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 456.35 275.21 Td (0.99%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 494.35 275.21 Td (0.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0.12549019607843137 0.3764705882352941 rg BT 532.35 275.21 Td (0.74%) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 241.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.43 241.25 Td (table ) Tj ET Q q 0 0 0 rg BT 126.74 241.25 Td (above ) Tj ET Q q 0 0 0 rg BT 153.49 241.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 184.70 241.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.35 241.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 238.77 241.25 Td (seeking ) Tj ET Q q 0 0 0 rg BT 272.20 241.25 Td (their ) Tj ET Q q 0 0 0 rg BT 293.40 241.25 Td (first ) Tj ET Q q 0 0 0 rg BT 312.39 241.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 353.59 241.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 377.01 241.25 Td (through ) Tj ET Q q 0 0 0 rg BT 411.00 241.25 Td (our ) Tj ET Q q 0 0 0 rg BT 427.21 241.25 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 480.81 241.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 521.47 241.25 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.64 229.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 94.27 229.25 Td (scores ) Tj ET Q q 0 0 0 rg BT 121.13 229.25 Td (below ) Tj ET Q q 0 0 0 rg BT 147.43 229.25 Td (640 ) Tj ET Q q 0 0 0 rg BT 164.29 229.25 Td (are ) Tj ET Q q 0 0 0 rg BT 178.36 229.25 Td (depicted ) Tj ET Q q 0 0 0 rg BT 214.10 229.25 Td (in ) Tj ET Q q 0 0 0 rg BT 223.74 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.82 229.25 Td (table ) Tj ET Q q 0 0 0 rg BT 259.12 229.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 287.36 229.25 Td (such ) Tj ET Q q 0 0 0 rg BT 307.56 229.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 349.96 229.25 Td (are ) Tj ET Q q 0 0 0 rg BT 364.03 229.25 Td (not ) Tj ET Q q 0 0 0 rg BT 378.68 229.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 416.63 229.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 448.49 229.25 Td (for ) Tj ET Q q 0 0 0 rg BT 462.01 229.25 Td (a ) Tj ET Q q 0 0 0 rg BT 468.32 229.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 508.50 229.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 530.91 229.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.91 217.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 85.04 217.25 Td (Channel. ) Tj ET Q q 0 0 0 rg BT 122.44 217.25 Td (W) Tj ET Q q 0 0 0 rg BT 131.08 217.25 Td (e ) Tj ET Q q 0 0 0 rg BT 137.21 217.25 Td (can ) Tj ET Q q 0 0 0 rg BT 152.78 217.25 Td (make ) Tj ET Q q 0 0 0 rg BT 176.13 217.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 225.59 217.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.06 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.98 217.25 Td (base ) Tj ET Q q 0 0 0 rg BT 268.44 217.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 285.69 217.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 302.37 217.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.84 217.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 353.52 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.43 217.25 Td (final ) Tj ET Q q 0 0 0 rg BT 387.44 217.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 404.70 217.25 Td (rate. ) Tj ET Q q 0 0 0 rg BT 423.88 217.25 Td (For ) Tj ET Q q 0 0 0 rg BT 439.46 217.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 477.53 217.25 Td (we ) Tj ET Q q 0 0 0 rg BT 490.88 217.25 Td (make ) Tj ET Q q 0 0 0 rg BT 514.23 217.25 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.09 205.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 98.73 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.37 205.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 152.45 205.25 Td (has ) Tj ET Q q 0 0 0 rg BT 168.21 205.25 Td (already ) Tj ET Q q 0 0 0 rg BT 200.06 205.25 Td (been ) Tj ET Q q 0 0 0 rg BT 221.37 205.25 Td (a ) Tj ET Q q 0 0 0 rg BT 228.24 205.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 267.32 205.25 Td (through ) Tj ET Q q 0 0 0 rg BT 300.85 205.25 Td (our ) Tj ET Q q 0 0 0 rg BT 316.61 205.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 367.90 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.77 205.25 Td (for ) Tj ET Q q 0 0 0 rg BT 398.86 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.50 205.25 Td (term ) Tj ET Q q 0 0 0 rg BT 434.26 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.02 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.66 205.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 500.41 205.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 525.71 205.25 Td (The ) Tj ET Q q 0 0 0 rg BT 543.69 205.25 Td (final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 68.86 193.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 87.15 193.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 134.32 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.84 193.25 Td (Proper ) Tj ET Q q 0 0 0 rg BT 179.80 193.25 Td (Rating. ) Tj ET Q q 0 0 0 rg BT 212.03 193.25 Td (The ) Tj ET Q q 0 0 0 rg BT 230.87 193.25 Td (value ) Tj ET Q q 0 0 0 rg BT 255.83 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.46 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.98 193.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 334.05 193.25 Td (are ) Tj ET Q q 0 0 0 rg BT 349.56 193.25 Td (based ) Tj ET Q q 0 0 0 rg BT 375.63 193.25 Td (on ) Tj ET Q q 0 0 0 rg BT 388.93 193.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 429.44 193.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 451.90 193.25 Td (where ) Tj ET Q q 0 0 0 rg BT 479.63 193.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 521.52 193.25 Td (as ) Tj ET Q q 0 0 0 rg BT 533.15 193.25 Td (well ) Tj ET Q q 0 0 0 rg BT 553.67 193.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (observed ) Tj ET Q q 0 0 0 rg BT 88.60 181.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 123.88 181.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 176.90 181.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.84 181.25 Td (behavior) Tj ET Q q 0 0 0 rg BT 228.27 181.25 Td (. ) Tj ET Q q 0 0 0 rg BT 232.72 181.25 Td (An ) Tj ET Q q 0 0 0 rg BT 247.44 181.25 Td (example ) Tj ET Q q 0 0 0 rg BT 283.81 181.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.64 181.25 Td (a ) Tj ET Q q 0 0 0 rg BT 301.58 181.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 339.07 181.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 385.45 181.25 Td (is ) Tj ET Q q 0 0 0 rg BT 394.62 181.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 423.24 181.25 Td (below:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 151.25 Td (Here ) Tj ET Q q 0 0 0 rg BT 107.93 151.25 Td (is ) Tj ET Q q 0 0 0 rg BT 117.10 151.25 Td (an ) Tj ET Q q 0 0 0 rg BT 129.04 151.25 Td (example ) Tj ET Q q 0 0 0 rg BT 165.41 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.24 151.25 Td (how ) Tj ET Q q 0 0 0 rg BT 195.96 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.68 151.25 Td (final ) Tj ET Q q 0 0 0 rg BT 231.50 151.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 249.56 151.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 267.05 151.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.99 151.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 317.04 151.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 346.21 151.25 Td (for ) Tj ET Q q 0 0 0 rg BT 360.37 151.25 Td (a ) Tj ET Q q 0 0 0 rg BT 367.30 151.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 387.02 151.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 414.53 151.25 Td (would ) Tj ET Q q 0 0 0 rg BT 442.03 151.25 Td (be ) Tj ET Q q 0 0 0 rg BT 453.96 151.25 Td (calculated:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 118.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 118.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 153.82 118.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 179.08 118.25 Td (bureau ) Tj ET Q q 0 0 0 rg BT 208.79 118.25 Td (score ) Tj ET Q q 0 0 0 rg BT 232.39 118.25 Td (= ) Tj ET Q q 0 0 0 rg BT 240.53 118.25 Td (730 ) Tj ET Q q 0 0 0 rg BT 258.03 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 274.97 118.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 308.02 118.25 Td (score ) Tj ET Q q 0 0 0 rg BT 331.62 118.25 Td (= ) Tj ET Q q 0 0 0 rg BT 339.76 118.25 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 100.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 100.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 153.82 100.25 Td (selects ) Tj ET Q q 0 0 0 rg BT 182.98 100.25 Td (a ) Tj ET Q q 0 0 0 rg BT 189.91 100.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 202.41 100.25 Td (month ) Tj ET Q q 0 0 0 rg BT 230.47 100.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 250.19 100.25 Td (term) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 731.60 437.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 731.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 703.60 437.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 703.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 675.60 437.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 675.60 75.00 -14.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 722.17 Td (Base Loss Rate:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.55 722.17 Td (5.49%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 708.17 Td (Adjustments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 694.17 Td (-Loan Term:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.55 694.17 Td (2.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 680.17 Td (Final Loss Rate:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.55 680.17 Td (7.74%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 666.17 Td (Prosper Rating:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 666.17 Td (C) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 632.10 Td (Calculating ) Tj ET Q q 0 0 0 rg BT 100.84 632.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 122.24 632.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 602.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 107.16 602.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 128.31 602.10 Td (for ) Tj ET Q q 0 0 0 rg BT 142.25 602.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.96 602.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 189.54 602.10 Td (group ) Tj ET Q q 0 0 0 rg BT 215.15 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.75 602.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 266.34 602.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 293.05 602.10 Td (will ) Tj ET Q q 0 0 0 rg BT 310.88 602.10 Td (be ) Tj ET Q q 0 0 0 rg BT 322.59 602.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.31 602.10 Td (function ) Tj ET Q q 0 0 0 rg BT 364.90 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.51 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.00 602.10 Td (group's ) Tj ET Q q 0 0 0 rg BT 421.29 602.10 Td (delinquency ) Tj ET Q q 0 0 0 rg BT 472.44 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.15 602.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 506.98 602.10 Td (behavior ) Tj ET Q q 0 0 0 rg BT 544.24 602.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 73.55 590.10 Td (pre-payment ) Tj ET Q q 0 0 0 rg BT 127.36 590.10 Td (behavior ) Tj ET Q q 0 0 0 rg BT 165.62 590.10 Td (over ) Tj ET Q q 0 0 0 rg BT 186.67 590.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 210.22 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.94 590.10 Td (responsiveness ) Tj ET Q q 0 0 0 rg BT 291.21 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.26 590.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 348.86 590.10 Td (activity) Tj ET Q q 0 0 0 rg BT 378.20 590.10 Td (. ) Tj ET Q q 0 0 0 rg BT 383.98 590.10 Td (For ) Tj ET Q q 0 0 0 rg BT 401.15 590.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 442.75 590.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 470.46 590.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 514.28 590.10 Td (through ) Tj ET Q q 0 0 0 rg BT 548.67 590.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 103.48 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.81 578.10 Td (lar) Tj ET Q q 0 0 0 rg BT 128.18 578.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 146.41 578.10 Td (driver ) Tj ET Q q 0 0 0 rg BT 172.40 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.85 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.19 578.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 214.87 578.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 231.97 578.10 Td (is ) Tj ET Q q 0 0 0 rg BT 240.76 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.10 578.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 272.20 578.10 Td (at ) Tj ET Q q 0 0 0 rg BT 281.54 578.10 Td (which ) Tj ET Q q 0 0 0 rg BT 308.10 578.10 Td (a ) Tj ET Q q 0 0 0 rg BT 314.65 578.10 Td (group ) Tj ET Q q 0 0 0 rg BT 340.10 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.55 578.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 390.99 578.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 417.55 578.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 454.65 578.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 498.98 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.54 578.10 Td (char) Tj ET Q q 0 0 0 rg BT 532.57 578.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 548.02 578.10 Td (of) Tj ET Q q 0 0 0 rg BT 556.17 578.10 Td (f. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.17 566.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 78.89 566.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 116.37 566.10 Td ("char) Tj ET Q q 0 0 0 rg BT 137.48 566.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 154.42 566.10 Td (of) Tj ET Q q 0 0 0 rg BT 162.57 566.10 Td (f" ) Tj ET Q q 0 0 0 rg BT 172.48 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.42 566.10 Td (is ) Tj ET Q q 0 0 0 rg BT 198.59 566.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 244.40 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 251.34 566.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 269.40 566.10 Td (when ) Tj ET Q q 0 0 0 rg BT 293.56 566.10 Td (it ) Tj ET Q q 0 0 0 rg BT 301.62 566.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 339.11 566.10 Td (121 ) Tj ET Q q 0 0 0 rg BT 356.61 566.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.44 566.10 Td (more ) Tj ET Q q 0 0 0 rg BT 390.48 566.10 Td (days ) Tj ET Q q 0 0 0 rg BT 411.31 566.10 Td (past ) Tj ET Q q 0 0 0 rg BT 429.92 566.10 Td (due.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 536.10 Td (Modeling ) Tj ET Q q 0 0 0 rg BT 91.21 536.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 112.43 536.10 Td (Rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.15 536.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.82 536.10 Td (The ) Tj ET Q q 0 0 0 rg BT 158.25 536.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 176.69 536.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 194.56 536.10 Td (is ) Tj ET Q q 0 0 0 rg BT 204.11 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.21 536.10 Td (balance-weighted ) Tj ET Q q 0 0 0 rg BT 292.60 536.10 Td (average ) Tj ET Q q 0 0 0 rg BT 326.57 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.78 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.88 536.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 389.09 536.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 407.54 536.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 429.29 536.10 Td (for ) Tj ET Q q 0 0 0 rg BT 443.83 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.93 536.10 Td (group ) Tj ET Q q 0 0 0 rg BT 485.14 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.35 536.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.56 536.10 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.10 Td (over ) Tj ET Q q 0 0 0 rg BT 70.17 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.79 524.10 Td (term ) Tj ET Q q 0 0 0 rg BT 105.51 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.25 524.10 Td (such ) Tj ET Q q 0 0 0 rg BT 136.98 524.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 162.81 524.10 Td (The ) Tj ET Q q 0 0 0 rg BT 180.76 524.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 204.28 524.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 222.24 524.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 239.63 524.10 Td (is ) Tj ET Q q 0 0 0 rg BT 248.70 524.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 284.42 524.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.49 524.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 336.43 524.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 373.81 524.10 Td (net ) Tj ET Q q 0 0 0 rg BT 388.42 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.16 524.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 440.99 524.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 479.49 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.67 524.10 Td (arrive ) Tj ET Q q 0 0 0 rg BT 515.38 524.10 Td (at ) Tj ET Q q 0 0 0 rg BT 525.00 524.10 Td (a ) Tj ET Q q 0 0 0 rg BT 531.84 524.10 Td (net ) Tj ET Q q 0 0 0 rg BT 546.46 524.10 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.10 Td (rate.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 96.55 482.10 Td (Losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.73 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.71 482.10 Td (W) Tj ET Q q 0 0 0 rg BT 137.35 482.10 Td (e ) Tj ET Q q 0 0 0 rg BT 145.00 482.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 188.20 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.63 482.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 222.40 482.10 Td (component ) Tj ET Q q 0 0 0 rg BT 270.05 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.60 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.03 482.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 315.81 482.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 334.01 482.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 381.09 482.10 Td (by ) Tj ET Q q 0 0 0 rg BT 394.31 482.10 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 436.39 482.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 463.50 482.10 Td (for ) Tj ET Q q 0 0 0 rg BT 478.38 482.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 519.91 482.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 547.57 482.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (making ) Tj ET Q q 0 0 0 rg BT 81.73 470.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 131.24 470.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.75 470.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 168.02 470.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 213.62 470.10 Td (deviations ) Tj ET Q q 0 0 0 rg BT 256.46 470.10 Td (from ) Tj ET Q q 0 0 0 rg BT 277.63 470.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 316.58 470.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 368.84 470.10 Td (that ) Tj ET Q q 0 0 0 rg BT 385.57 470.10 Td (may ) Tj ET Q q 0 0 0 rg BT 404.52 470.10 Td (exist ) Tj ET Q q 0 0 0 rg BT 425.14 470.10 Td (due ) Tj ET Q q 0 0 0 rg BT 441.31 470.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.83 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.78 470.10 Td (current ) Tj ET Q q 0 0 0 rg BT 494.83 470.10 Td (macro-economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.15 458.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 111.19 458.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 167.05 458.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 204.32 458.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.92 458.10 Td (delinquency ) Tj ET Q q 0 0 0 rg BT 266.62 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.88 458.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 310.60 458.10 Td (have ) Tj ET Q q 0 0 0 rg BT 332.30 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.34 458.10 Td (lar) Tj ET Q q 0 0 0 rg BT 357.71 458.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 376.64 458.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 406.67 458.10 Td (on ) Tj ET Q q 0 0 0 rg BT 419.50 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.54 458.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 472.90 458.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 491.28 458.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 509.09 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.25 458.10 Td (a ) Tj ET Q q 0 0 0 rg BT 527.51 458.10 Td (group ) Tj ET Q q 0 0 0 rg BT 553.67 458.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.82 446.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 120.26 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.20 446.10 Td (so ) Tj ET Q q 0 0 0 rg BT 148.59 446.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 183.30 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.57 446.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 213.29 446.10 Td (delinquency ) Tj ET Q q 0 0 0 rg BT 264.66 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.60 446.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 299.66 446.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 352.69 446.10 Td (are ) Tj ET Q q 0 0 0 rg BT 367.39 446.10 Td (monitored ) Tj ET Q q 0 0 0 rg BT 411.00 446.10 Td (on ) Tj ET Q q 0 0 0 rg BT 423.50 446.10 Td (at ) Tj ET Q q 0 0 0 rg BT 433.21 446.10 Td (least ) Tj ET Q q 0 0 0 rg BT 454.04 446.10 Td (a ) Tj ET Q q 0 0 0 rg BT 460.98 446.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 496.81 446.10 Td (basis.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (Calculating ) Tj ET Q q 0 0 0 rg BT 99.06 416.10 Td (A) Tj ET Q q 0 0 0 rg BT 104.62 416.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 133.80 416.10 Td (Balance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.07 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.91 416.10 Td (T) Tj ET Q q 0 0 0 rg BT 176.32 416.10 Td (o ) Tj ET Q q 0 0 0 rg BT 183.30 416.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 220.81 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.00 416.10 Td (average ) Tj ET Q q 0 0 0 rg BT 268.07 416.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 300.58 416.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.23 416.10 Td (each ) Tj ET Q q 0 0 0 rg BT 334.52 416.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 364.55 416.10 Td (we ) Tj ET Q q 0 0 0 rg BT 378.19 416.10 Td (used ) Tj ET Q q 0 0 0 rg BT 398.50 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.70 416.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 444.68 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.99 416.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 474.19 416.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 511.71 416.10 Td (on ) Tj ET Q q 0 0 0 rg BT 523.69 416.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 77.52 404.10 Td (that ) Tj ET Q q 0 0 0 rg BT 95.61 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 110.90 404.10 Td (still ) Tj ET Q q 0 0 0 rg BT 128.99 404.10 Td (open ) Tj ET Q q 0 0 0 rg BT 151.51 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.04 404.10 Td (have ) Tj ET Q q 0 0 0 rg BT 191.00 404.10 Td (not ) Tj ET Q q 0 0 0 rg BT 206.87 404.10 Td (been ) Tj ET Q q 0 0 0 rg BT 228.83 404.10 Td (char) Tj ET Q q 0 0 0 rg BT 245.85 404.10 Td (ged-of) Tj ET Q q 0 0 0 rg BT 271.77 404.10 Td (f ) Tj ET Q q 0 0 0 rg BT 278.19 404.10 Td (or ) Tj ET Q q 0 0 0 rg BT 289.60 404.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 309.91 404.10 Td (of) Tj ET Q q 0 0 0 rg BT 318.06 404.10 Td (f. ) Tj ET Q q 0 0 0 rg BT 326.29 404.10 Td (As ) Tj ET Q q 0 0 0 rg BT 340.49 404.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 360.79 404.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 402.20 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 417.50 404.10 Td (made, ) Tj ET Q q 0 0 0 rg BT 444.74 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.04 404.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 498.67 404.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 532.29 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.70 404.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.82 392.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 113.87 392.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 149.13 392.10 Td (over ) Tj ET Q q 0 0 0 rg BT 169.40 392.10 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (When ) Tj ET Q q 0 0 0 rg BT 76.70 362.10 Td (a ) Tj ET Q q 0 0 0 rg BT 83.95 362.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 125.09 362.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 148.46 362.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 169.61 362.10 Td (faster ) Tj ET Q q 0 0 0 rg BT 194.63 362.10 Td (than ) Tj ET Q q 0 0 0 rg BT 214.67 362.10 Td (its ) Tj ET Q q 0 0 0 rg BT 226.94 362.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 280.29 362.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 318.10 362.10 Td (\(pre-payment\), ) Tj ET Q q 0 0 0 rg BT 380.61 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.64 362.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 427.35 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.50 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.53 362.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 491.89 362.10 Td (that ) Tj ET Q q 0 0 0 rg BT 509.71 362.10 Td (is ) Tj ET Q q 0 0 0 rg BT 519.20 362.10 Td (pre-paid ) Tj ET Q q 0 0 0 rg BT 555.33 362.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (no ) Tj ET Q q 0 0 0 rg BT 62.43 350.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 90.40 350.10 Td (included ) Tj ET Q q 0 0 0 rg BT 127.26 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.46 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.10 350.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 201.20 350.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 234.15 350.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.24 350.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 295.10 350.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 329.47 350.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 352.99 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.86 350.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 400.60 350.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 423.58 350.10 Td (has ) Tj ET Q q 0 0 0 rg BT 439.33 350.10 Td (been ) Tj ET Q q 0 0 0 rg BT 460.63 350.10 Td (char) Tj ET Q q 0 0 0 rg BT 477.66 350.10 Td (ged-of) Tj ET Q q 0 0 0 rg BT 503.58 350.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 511.83 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.48 350.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.59 338.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.87 338.10 Td (such ) Tj ET Q q 0 0 0 rg BT 134.70 338.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 154.42 338.10 Td (is ) Tj ET Q q 0 0 0 rg BT 163.59 338.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 209.40 338.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.34 338.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 241.61 338.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 259.67 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.61 338.10 Td (is ) Tj ET Q q 0 0 0 rg BT 285.78 338.10 Td (no ) Tj ET Q q 0 0 0 rg BT 298.28 338.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 326.32 338.10 Td (included ) Tj ET Q q 0 0 0 rg BT 363.26 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.54 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.25 338.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 437.42 338.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 472.68 338.10 Td (balance.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (Collection ) Tj ET Q q 0 0 0 rg BT 94.65 308.10 Td (Expense ) Tj ET Q q 0 0 0 rg BT 130.95 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.93 308.10 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 188.89 308.10 Td (Adjustments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.28 308.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.05 308.10 Td (When ) Tj ET Q q 0 0 0 rg BT 269.91 308.10 Td (an ) Tj ET Q q 0 0 0 rg BT 282.33 308.10 Td (account ) Tj ET Q q 0 0 0 rg BT 316.41 308.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 354.38 308.10 Td (past ) Tj ET Q q 0 0 0 rg BT 373.47 308.10 Td (due, ) Tj ET Q q 0 0 0 rg BT 393.40 308.10 Td (we ) Tj ET Q q 0 0 0 rg BT 408.04 308.10 Td (may ) Tj ET Q q 0 0 0 rg BT 428.24 308.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 457.88 308.10 Td (on ) Tj ET Q q 0 0 0 rg BT 470.86 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.07 308.10 Td (account ) Tj ET Q q 0 0 0 rg BT 520.15 308.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 553.67 308.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 71.60 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.55 296.10 Td (account ) Tj ET Q q 0 0 0 rg BT 120.37 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.88 296.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.05 296.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 183.54 296.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 225.70 296.10 Td (agency) Tj ET Q q 0 0 0 rg BT 253.37 296.10 Td (. ) Tj ET Q q 0 0 0 rg BT 258.60 296.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 276.88 296.10 Td (in-house ) Tj ET Q q 0 0 0 rg BT 314.05 296.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 360.10 296.10 Td (department ) Tj ET Q q 0 0 0 rg BT 407.82 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.98 296.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 470.48 296.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 512.64 296.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 549.79 296.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (compensated ) Tj ET Q q 0 0 0 rg BT 105.14 284.10 Td (by ) Tj ET Q q 0 0 0 rg BT 118.08 284.10 Td (keeping ) Tj ET Q q 0 0 0 rg BT 152.67 284.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.04 284.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 191.87 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.13 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.29 284.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 259.55 284.10 Td (they ) Tj ET Q q 0 0 0 rg BT 279.70 284.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 309.29 284.10 Td (based ) Tj ET Q q 0 0 0 rg BT 335.00 284.10 Td (on ) Tj ET Q q 0 0 0 rg BT 347.93 284.10 Td (a ) Tj ET Q q 0 0 0 rg BT 355.31 284.10 Td (predetermined ) Tj ET Q q 0 0 0 rg BT 416.00 284.10 Td (schedule. ) Tj ET Q q 0 0 0 rg BT 456.42 284.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 480.45 284.10 Td (an ) Tj ET Q q 0 0 0 rg BT 492.83 284.10 Td (account ) Tj ET Q q 0 0 0 rg BT 526.86 284.10 Td (has ) Tj ET Q q 0 0 0 rg BT 543.13 284.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 272.10 Td (ged-of) Tj ET Q q 0 0 0 rg BT 92.94 272.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 101.99 272.10 Td (any ) Tj ET Q q 0 0 0 rg BT 119.65 272.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 167.31 272.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 208.86 272.10 Td (received ) Tj ET Q q 0 0 0 rg BT 245.94 272.10 Td (or ) Tj ET Q q 0 0 0 rg BT 257.49 272.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 296.25 272.10 Td (from ) Tj ET Q q 0 0 0 rg BT 318.91 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.34 272.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 353.11 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.66 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.10 272.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 421.64 272.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 445.41 272.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.40 272.10 Td (a ) Tj ET Q q 0 0 0 rg BT 464.06 272.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 484.50 272.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 503.27 272.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.69 272.10 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 93.58 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.52 260.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 139.67 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.38 260.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 186.88 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.71 260.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 235.75 260.10 Td (lost.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (Comparing ) Tj ET Q q 0 0 0 rg BT 98.06 230.10 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 140.56 230.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 161.40 230.10 Td (Rates ) Tj ET Q q 0 0 0 rg BT 186.12 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.22 230.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 224.82 230.10 Td (Losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 200.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 200.10 Td (e ) Tj ET Q q 0 0 0 rg BT 100.93 200.10 Td (review ) Tj ET Q q 0 0 0 rg BT 130.00 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.07 200.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 196.45 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.64 200.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 246.82 200.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 273.12 200.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.97 200.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.27 200.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 326.46 200.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 348.32 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.96 200.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 399.80 200.10 Td (how ) Tj ET Q q 0 0 0 rg BT 418.88 200.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 436.30 200.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 453.14 200.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 492.21 200.10 Td (compare ) Tj ET Q q 0 0 0 rg BT 528.49 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.13 200.10 Td (actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 104.06 188.10 Td (As ) Tj ET Q q 0 0 0 rg BT 116.51 188.10 Td (part ) Tj ET Q q 0 0 0 rg BT 133.39 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.05 188.10 Td (this ) Tj ET Q q 0 0 0 rg BT 158.83 188.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 193.50 188.10 Td (review) Tj ET Q q 0 0 0 rg BT 220.06 188.10 Td (, ) Tj ET Q q 0 0 0 rg BT 223.89 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.44 188.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 277.09 188.10 Td (for ) Tj ET Q q 0 0 0 rg BT 290.09 188.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 335.29 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.06 188.10 Td (assigning ) Tj ET Q q 0 0 0 rg BT 390.17 188.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 407.06 188.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 427.27 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.05 188.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 474.93 188.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 506.82 188.10 Td (are ) Tj ET Q q 0 0 0 rg BT 520.36 188.10 Td (reassessed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.24 176.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 88.81 176.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 130.71 176.10 Td (accuracy) Tj ET Q q 0 0 0 rg BT 165.58 176.10 Td (. ) Tj ET Q q 0 0 0 rg BT 170.36 176.10 Td (The ) Tj ET Q q 0 0 0 rg BT 188.38 176.10 Td (graphs ) Tj ET Q q 0 0 0 rg BT 217.50 176.10 Td (below ) Tj ET Q q 0 0 0 rg BT 244.40 176.10 Td (show ) Tj ET Q q 0 0 0 rg BT 267.98 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.66 176.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 323.45 176.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 351.47 176.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 377.80 176.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 424.70 176.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 450.49 176.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 468.51 176.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 489.85 176.10 Td (by ) Tj ET Q q 0 0 0 rg BT 502.32 176.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 535.34 176.10 Td (Rating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.97 164.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 104.61 164.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 133.86 164.10 Td (collectively) Tj ET Q q 0 0 0 rg BT 179.86 164.10 Td (, ) Tj ET Q q 0 0 0 rg BT 184.67 164.10 Td (booked ) Tj ET Q q 0 0 0 rg BT 216.43 164.10 Td (from ) Tj ET Q q 0 0 0 rg BT 238.18 164.10 Td (July ) Tj ET Q q 0 0 0 rg BT 257.16 164.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 271.98 164.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 294.29 164.10 Td (through ) Tj ET Q q 0 0 0 rg BT 327.71 164.10 Td (September ) Tj ET Q q 0 0 0 rg BT 372.79 164.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 387.61 164.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 412.42 164.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 465.82 164.10 Td (is ) Tj ET Q q 0 0 0 rg BT 474.80 164.10 Td (as ) Tj ET Q q 0 0 0 rg BT 485.45 164.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.09 164.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 539.51 164.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 164.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.33 152.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 86.68 152.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 139.99 152.10 Td (is ) Tj ET Q q 0 0 0 rg BT 149.45 152.10 Td (tracked ) Tj ET Q q 0 0 0 rg BT 181.66 152.10 Td (by ) Tj ET Q q 0 0 0 rg BT 194.45 152.10 Td (vintage, ) Tj ET Q q 0 0 0 rg BT 229.17 152.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 266.39 152.10 Td (each ) Tj ET Q q 0 0 0 rg BT 287.49 152.10 Td (line ) Tj ET Q q 0 0 0 rg BT 305.27 152.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 348.60 152.10 Td (all ) Tj ET Q q 0 0 0 rg BT 361.38 152.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 402.49 152.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 429.71 152.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 473.04 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.61 152.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.83 152.10 Td (given ) Tj ET Q q 0 0 0 rg BT 515.84 152.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 546.47 152.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (graphs ) Tj ET Q q 0 0 0 rg BT 79.02 140.10 Td (only ) Tj ET Q q 0 0 0 rg BT 99.17 140.10 Td (include ) Tj ET Q q 0 0 0 rg BT 130.96 140.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 171.65 140.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 198.45 140.10 Td (that ) Tj ET Q q 0 0 0 rg BT 215.81 140.10 Td (have ) Tj ET Q q 0 0 0 rg BT 237.05 140.10 Td (been ) Tj ET Q q 0 0 0 rg BT 258.29 140.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 307.31 140.10 Td (at ) Tj ET Q q 0 0 0 rg BT 316.89 140.10 Td (least ) Tj ET Q q 0 0 0 rg BT 337.58 140.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 344.95 140.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 379.26 140.10 Td (In ) Tj ET Q q 0 0 0 rg BT 389.95 140.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 427.59 140.10 Td (data ) Tj ET Q q 0 0 0 rg BT 446.61 140.10 Td (for ) Tj ET Q q 0 0 0 rg BT 460.63 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 467.43 140.10 Td (point ) Tj ET Q q 0 0 0 rg BT 490.35 140.10 Td (along ) Tj ET Q q 0 0 0 rg BT 514.93 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.51 140.10 Td (x ) Tj ET Q q 0 0 0 rg BT 536.88 140.10 Td (axis ) Tj ET Q q 0 0 0 rg BT 555.35 140.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (only ) Tj ET Q q 0 0 0 rg BT 70.36 128.10 Td (included ) Tj ET Q q 0 0 0 rg BT 107.37 128.10 Td (if ) Tj ET Q q 0 0 0 rg BT 116.06 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.86 128.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 156.20 128.10 Td (vintage ) Tj ET Q q 0 0 0 rg BT 188.21 128.10 Td (is ) Tj ET Q q 0 0 0 rg BT 197.46 128.10 Td (at ) Tj ET Q q 0 0 0 rg BT 207.26 128.10 Td (least ) Tj ET Q q 0 0 0 rg BT 228.16 128.10 Td (that ) Tj ET Q q 0 0 0 rg BT 245.74 128.10 Td (mature. ) Tj ET Q q 0 0 0 rg BT 278.58 128.10 Td (So, ) Tj ET Q q 0 0 0 rg BT 294.22 128.10 Td (although ) Tj ET Q q 0 0 0 rg BT 331.80 128.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 372.70 128.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 399.71 128.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 442.84 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.62 128.10 Td (April ) Tj ET Q q 0 0 0 rg BT 476.31 128.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 498.89 128.10 Td (have ) Tj ET Q q 0 0 0 rg BT 520.35 128.10 Td (1) Tj ET Q q 0 0 0 rg BT 524.98 128.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 532.56 128.10 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.93 116.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 116.55 116.10 Td (only ) Tj ET Q q 0 0 0 rg BT 136.93 116.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 144.53 116.10 Td (months ) Tj ET Q q 0 0 0 rg BT 176.58 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.51 116.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 240.63 116.10 Td (are ) Tj ET Q q 0 0 0 rg BT 255.44 116.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 293.01 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.39 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.21 116.10 Td (graphs ) Tj ET Q q 0 0 0 rg BT 347.47 116.10 Td (below ) Tj ET Q q 0 0 0 rg BT 374.50 116.10 Td (because ) Tj ET Q q 0 0 0 rg BT 408.75 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.57 116.10 Td (June ) Tj ET Q q 0 0 0 rg BT 444.50 116.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 467.10 116.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 508.02 116.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 537.56 116.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 104.10 Td (also ) Tj ET Q q 0 0 0 rg BT 83.32 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.25 104.10 Td (part ) Tj ET Q q 0 0 0 rg BT 108.30 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.13 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.85 104.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 156.35 104.10 Td (Q2 ) Tj ET Q q 0 0 0 rg BT 171.07 104.10 Td (vintage, ) Tj ET Q q 0 0 0 rg BT 205.50 104.10 Td (have ) Tj ET Q q 0 0 0 rg BT 226.88 104.10 Td (only ) Tj ET Q q 0 0 0 rg BT 247.16 104.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 291.31 104.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 298.81 104.10 Td (months ) Tj ET Q q 0 0 0 rg BT 330.76 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.59 104.10 Td (performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 74.10 Td (V) Tj ET Q q 0 0 0 rg BT 92.62 74.10 Td (intages ) Tj ET Q q 0 0 0 rg BT 122.62 74.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 161.49 74.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 192.60 74.10 Td (enough ) Tj ET Q q 0 0 0 rg BT 223.71 74.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 242.60 74.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 274.27 74.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.60 74.10 Td (their ) Tj ET Q q 0 0 0 rg BT 307.60 74.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 359.79 74.10 Td (curves ) Tj ET Q q 0 0 0 rg BT 387.56 74.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.01 74.10 Td (be ) Tj ET Q q 0 0 0 rg BT 408.12 74.10 Td (meaningful. ) Tj ET Q q 0 0 0 rg BT 457.84 74.10 Td (For ) Tj ET Q q 0 0 0 rg BT 473.40 74.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 523.95 74.10 Td (purposes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (some ) Tj ET Q q 0 0 0 rg BT 73.61 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.44 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.16 62.10 Td (older ) Tj ET Q q 0 0 0 rg BT 122.20 62.10 Td (vintages ) Tj ET Q q 0 0 0 rg BT 158.03 62.10 Td (have ) Tj ET Q q 0 0 0 rg BT 179.40 62.10 Td (been ) Tj ET Q q 0 0 0 rg BT 200.78 62.10 Td (grouped ) Tj ET Q q 0 0 0 rg BT 236.05 62.10 Td (into ) Tj ET Q q 0 0 0 rg BT 254.11 62.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 283.26 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.20 62.10 Td (half-year ) Tj ET Q q 0 0 0 rg BT 338.78 62.10 Td (vintages.) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Below ) Tj ET Q q 0 0 0 rg BT 114.66 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 129.43 742.10 Td (two ) Tj ET Q q 0 0 0 rg BT 146.98 742.10 Td (graphs ) Tj ET Q q 0 0 0 rg BT 176.20 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 193.75 742.10 Td (show ) Tj ET Q q 0 0 0 rg BT 217.42 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.19 742.10 Td (3-year ) Tj ET Q q 0 0 0 rg BT 260.28 742.10 Td (\(36M\) ) Tj ET Q q 0 0 0 rg BT 288.39 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.38 742.10 Td (5-year ) Tj ET Q q 0 0 0 rg BT 333.47 742.10 Td (\(60M\) ) Tj ET Q q 0 0 0 rg BT 361.58 742.10 Td (term ) Tj ET Q q 0 0 0 rg BT 382.46 742.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 429.44 742.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 453.11 742.10 Td (char) Tj ET Q q 0 0 0 rg BT 470.14 742.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 491.06 742.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 500.83 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.72 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.71 742.10 Td (percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.38 730.10 Td (originations ) Tj ET Q q 0 0 0 rg BT 110.21 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.04 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.31 730.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 176.90 730.10 Td (term, ) Tj ET Q q 0 0 0 rg BT 199.78 730.10 Td (across ) Tj ET Q q 0 0 0 rg BT 226.82 730.10 Td (all ) Tj ET Q q 0 0 0 rg BT 238.87 730.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 271.47 730.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 304.08 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 316.14 730.10 Td (vintage ) Tj ET Q q 0 0 0 rg BT 347.62 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 361.34 730.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 401.71 730.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 430.70 730.10 Td (collectively) Tj ET Q q 0 0 0 rg BT 476.70 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 481.25 730.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 523.85 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 545.34 730.10 Td (July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 64.65 718.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 86.79 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.71 718.10 Td (September ) Tj ET Q q 0 0 0 rg BT 141.62 718.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 156.27 718.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 180.76 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 198.45 718.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 233.37 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.84 718.10 Td ("H1" ) Tj ET Q q 0 0 0 rg BT 266.37 718.10 Td (means ) Tj ET Q q 0 0 0 rg BT 294.06 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 311.21 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.57 718.10 Td (information ) Tj ET Q q 0 0 0 rg BT 374.92 718.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 410.38 718.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 441.95 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.31 718.10 Td (first ) Tj ET Q q 0 0 0 rg BT 474.57 718.10 Td (six ) Tj ET Q q 0 0 0 rg BT 488.38 718.10 Td (months ) Tj ET Q q 0 0 0 rg BT 519.98 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.45 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.81 718.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 93.87 706.10 Td (while ) Tj ET Q q 0 0 0 rg BT 119.14 706.10 Td ("H2" ) Tj ET Q q 0 0 0 rg BT 142.58 706.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 175.05 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.32 706.10 Td (second ) Tj ET Q q 0 0 0 rg BT 221.15 706.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 229.20 706.10 Td (months ) Tj ET Q q 0 0 0 rg BT 261.70 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.08 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.35 706.10 Td (year ) Tj ET Q q 0 0 0 rg BT 308.61 706.10 Td (presented. ) Tj ET Q q 0 0 0 rg BT 352.48 706.10 Td (Similarly) Tj ET Q q 0 0 0 rg BT 389.06 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 394.61 706.10 Td ("Q1" ) Tj ET Q q 0 0 0 rg BT 418.05 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.43 706.10 Td ("Q2" ) Tj ET Q q 0 0 0 rg BT 452.87 706.10 Td (means ) Tj ET Q q 0 0 0 rg BT 481.47 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.52 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.79 706.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 85.82 694.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 117.74 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.46 694.10 Td (first ) Tj ET Q q 0 0 0 rg BT 151.06 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 161.89 694.10 Td (second ) Tj ET Q q 0 0 0 rg BT 192.16 694.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 222.98 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.81 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.53 694.10 Td (year ) Tj ET Q q 0 0 0 rg BT 268.23 694.10 Td (presented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 679.10 Td ( ) Tj ET Q /GS0 gs q 512.00 0 0 279.20 50.00 391.90 cm /I8 Do Q BT /F1 10.00 Tf ET /GS0 gs q 512.00 0 0 277.35 50.00 106.53 cm /I9 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 76.55 Td (Overall, vintages originated in 2013 and 2014 are demonstrating meaningfully lower cumulative losses than those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.55 Td (originated in 2012 and earlier) Tj ET Q q 0 0 0 rg BT 167.74 64.55 Td (. Prosper considers changes in the risk management process implemented at the end of 2012 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.55 Td (in early 2013 to be a meaningful driver of this trend.) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (The graphs below show the 3-year \(36M\) and 5-year \(60M\) term cumulative gross char) Tj ET Q q 0 0 0 rg BT 435.99 742.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 456.90 742.10 Td (fs for Borrower Loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (collectively) Tj ET Q q 0 0 0 rg BT 96.00 730.10 Td (, as a percentage of originations for respective term and for each Prosper Rating presented by vintage from July 13, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (2009 to June 30, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td () Tj ET Q /GS0 gs q 512.00 0 0 280.60 50.00 414.50 cm /I10 Do Q /GS0 gs q 512.00 0 0 281.80 50.00 127.69 cm /I11 Do Q BT /F1 10.00 Tf ET endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (53) Tj ET Q /GS0 gs q 512.00 0 0 280.65 50.00 468.37 cm /I12 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 468.35 Td () Tj ET Q /GS0 gs q 512.00 0 0 281.00 50.00 179.37 cm /I13 Do Q BT /F1 10.00 Tf ET endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (54) Tj ET Q /GS0 gs q 512.00 0 0 279.85 50.00 469.18 cm /I14 Do Q BT /F1 10.00 Tf ET /GS0 gs q 512.00 0 0 280.25 50.00 180.95 cm /I15 Do Q BT /F1 10.00 Tf ET endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (55) Tj ET Q /GS0 gs q 512.00 0 0 281.00 50.00 468.02 cm /I16 Do Q BT /F1 10.00 Tf ET /GS0 gs q 512.00 0 0 279.75 50.00 180.26 cm /I17 Do Q BT /F1 10.00 Tf ET endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (56) Tj ET Q /GS0 gs q 512.00 0 0 281.00 50.00 468.02 cm /I18 Do Q BT /F1 10.00 Tf ET /GS0 gs q 512.00 0 0 281.00 50.00 179.02 cm /I19 Do Q BT /F1 10.00 Tf ET endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (57) Tj ET Q /GS0 gs q 512.00 0 0 281.00 50.00 468.02 cm /I20 Do Q BT /F1 10.00 Tf ET /GS0 gs q 512.00 0 0 280.20 50.00 179.78 cm /I21 Do Q BT /F1 10.00 Tf ET endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (58) Tj ET Q /GS0 gs q 512.00 0 0 279.75 50.00 469.26 cm /I22 Do Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td (Note) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.99 439.25 Td (: ) Tj ET Q q 0 0 0 rg BT 75.49 439.25 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 118.20 439.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 139.81 439.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 179.18 439.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.12 439.25 Td (high ) Tj ET Q q 0 0 0 rg BT 214.62 439.25 Td (end ) Tj ET Q q 0 0 0 rg BT 231.78 439.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.83 439.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.77 439.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 298.81 439.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 317.10 439.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 334.80 439.25 Td (range ) Tj ET Q q 0 0 0 rg BT 359.73 439.25 Td (for ) Tj ET Q q 0 0 0 rg BT 374.12 439.25 Td (each ) Tj ET Q q 0 0 0 rg BT 395.15 439.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 428.43 439.25 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 460.31 439.25 Td (except ) Tj ET Q q 0 0 0 rg BT 489.13 439.25 Td (for ) Tj ET Q q 0 0 0 rg BT 503.51 439.25 Td (HR, ) Tj ET Q q 0 0 0 rg BT 522.63 439.25 Td (where ) Tj ET Q q 0 0 0 rg BT 549.78 439.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.25 Td (high ) Tj ET Q q 0 0 0 rg BT 70.28 427.25 Td (end ) Tj ET Q q 0 0 0 rg BT 87.22 427.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.05 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.76 427.25 Td (range ) Tj ET Q q 0 0 0 rg BT 137.47 427.25 Td (is ) Tj ET Q q 0 0 0 rg BT 146.64 427.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 172.47 427.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.41 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.13 427.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 244.95 427.25 Td (curve ) Tj ET Q q 0 0 0 rg BT 269.65 427.25 Td (was ) Tj ET Q q 0 0 0 rg BT 287.71 427.25 Td (set ) Tj ET Q q 0 0 0 rg BT 301.31 427.25 Td (at ) Tj ET Q q 0 0 0 rg BT 311.03 427.25 Td (19.75% ) Tj ET Q q 0 0 0 rg BT 344.36 427.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 391.29 427.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 429.33 427.25 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 397.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.91 397.25 Td (many ) Tj ET Q q 0 0 0 rg BT 121.70 397.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 147.60 397.25 Td (grades, ) Tj ET Q q 0 0 0 rg BT 178.78 397.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 196.36 397.25 Td (is ) Tj ET Q q 0 0 0 rg BT 205.60 397.25 Td (trending ) Tj ET Q q 0 0 0 rg BT 241.51 397.25 Td (above ) Tj ET Q q 0 0 0 rg BT 267.96 397.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 307.75 397.25 Td (for ) Tj ET Q q 0 0 0 rg BT 321.99 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.78 397.25 Td (2009-2012 ) Tj ET Q q 0 0 0 rg BT 382.69 397.25 Td (booked ) Tj ET Q q 0 0 0 rg BT 414.70 397.25 Td (vintages. ) Tj ET Q q 0 0 0 rg BT 452.92 397.25 Td (T) Tj ET Q q 0 0 0 rg BT 458.33 397.25 Td (o ) Tj ET Q q 0 0 0 rg BT 465.91 397.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 487.64 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.43 397.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 538.89 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 397.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (2013-2015 ) Tj ET Q q 0 0 0 rg BT 95.71 385.25 Td (vintages ) Tj ET Q q 0 0 0 rg BT 131.42 385.25 Td (have ) Tj ET Q q 0 0 0 rg BT 152.69 385.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 199.50 385.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 225.77 385.25 Td (below ) Tj ET Q q 0 0 0 rg BT 252.60 385.25 Td (their ) Tj ET Q q 0 0 0 rg BT 273.31 385.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 316.22 385.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 356.93 385.25 Td (lines. ) Tj ET Q q 0 0 0 rg BT 380.70 385.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 413.63 385.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 453.79 385.25 Td (this ) Tj ET Q q 0 0 0 rg BT 470.62 385.25 Td (change ) Tj ET Q q 0 0 0 rg BT 501.32 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 511.48 385.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 373.25 Td (be ) Tj ET Q q 0 0 0 rg BT 72.22 373.25 Td (a ) Tj ET Q q 0 0 0 rg BT 79.16 373.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 104.42 373.25 Td (result ) Tj ET Q q 0 0 0 rg BT 129.14 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.97 373.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 174.67 373.25 Td (made ) Tj ET Q q 0 0 0 rg BT 198.83 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.11 373.25 Td (its ) Tj ET Q q 0 0 0 rg BT 221.05 373.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 238.55 373.25 Td (management ) Tj ET Q q 0 0 0 rg BT 292.14 373.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 330.18 373.25 Td (at ) Tj ET Q q 0 0 0 rg BT 339.89 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.61 373.25 Td (end ) Tj ET Q q 0 0 0 rg BT 371.55 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.38 373.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 404.88 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.82 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.53 373.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 479.03 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.86 373.25 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 343.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 120.59 343.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 152.41 343.25 Td (tracks ) Tj ET Q q 0 0 0 rg BT 177.56 343.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 199.95 343.25 Td (losses, ) Tj ET Q q 0 0 0 rg BT 227.62 343.25 Td (it ) Tj ET Q q 0 0 0 rg BT 234.45 343.25 Td (is ) Tj ET Q q 0 0 0 rg BT 242.39 343.25 Td (important ) Tj ET Q q 0 0 0 rg BT 282.54 343.25 Td (to ) Tj ET Q q 0 0 0 rg BT 291.60 343.25 Td (note ) Tj ET Q q 0 0 0 rg BT 310.09 343.25 Td (that ) Tj ET Q q 0 0 0 rg BT 326.36 343.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.85 343.25 Td (curves ) Tj ET Q q 0 0 0 rg BT 367.22 343.25 Td (above ) Tj ET Q q 0 0 0 rg BT 392.37 343.25 Td (do ) Tj ET Q q 0 0 0 rg BT 403.64 343.25 Td (not ) Tj ET Q q 0 0 0 rg BT 417.69 343.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 444.50 343.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.99 343.25 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 504.80 343.25 Td (improvements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.25 Td (made ) Tj ET Q q 0 0 0 rg BT 73.97 331.25 Td (in ) Tj ET Q q 0 0 0 rg BT 84.06 331.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 106.37 331.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.12 331.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 145.43 331.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.52 331.25 Td (Prosper) Tj ET Q q 0 0 0 rg BT 186.44 331.25 Td () Tj ET Q q 0 0 0 rg BT 189.22 331.25 Td (s ) Tj ET Q q 0 0 0 rg BT 195.42 331.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 232.71 331.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 253.90 331.25 Td (on ) Tj ET Q q 0 0 0 rg BT 266.21 331.25 Td (char) Tj ET Q q 0 0 0 rg BT 283.23 331.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 299.98 331.25 Td (of) Tj ET Q q 0 0 0 rg BT 308.13 331.25 Td (f ) Tj ET Q q 0 0 0 rg BT 313.77 331.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 354.40 331.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 386.15 331.25 Td (In ) Tj ET Q q 0 0 0 rg BT 396.79 331.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 421.61 331.25 Td (Prosper ) Tj ET Q q 0 0 0 rg 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(char) Tj ET Q q 0 0 0 rg BT 343.18 307.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 360.84 307.25 Td (of) Tj ET Q q 0 0 0 rg BT 368.99 307.25 Td (f ) Tj ET Q q 0 0 0 rg BT 375.54 307.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 417.08 307.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 444.74 307.25 Td (under ) Tj ET Q q 0 0 0 rg BT 470.72 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.16 307.25 Td (new ) Tj ET Q q 0 0 0 rg BT 506.04 307.25 Td (program ) Tj ET Q q 0 0 0 rg BT 543.14 307.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (ranged ) Tj ET Q q 0 0 0 rg BT 80.34 295.25 Td (from ) Tj ET Q q 0 0 0 rg BT 102.90 295.25 Td (7-8%. ) Tj ET Q q 0 0 0 rg BT 132.00 295.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 172.91 295.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 206.59 295.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 239.70 295.25 Td (to ) Tj ET Q q 0 0 0 rg BT 250.61 295.25 Td (devote ) Tj ET Q q 0 0 0 rg BT 280.40 295.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 326.30 295.25 Td (ef) Tj ET Q q 0 0 0 rg BT 333.89 295.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 355.34 295.25 Td (to ) Tj ET Q q 0 0 0 rg BT 366.25 295.25 Td (maximizing ) Tj ET Q q 0 0 0 rg BT 417.15 295.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 461.36 295.25 Td (on ) Tj ET Q q 0 0 0 rg BT 474.49 295.25 Td (char) Tj ET Q q 0 0 0 rg BT 491.52 295.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 509.08 295.25 Td (of) Tj ET Q q 0 0 0 rg BT 517.23 295.25 Td (f ) Tj ET Q q 0 0 0 rg BT 523.69 295.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 77.15 283.25 Td (for ) Tj ET Q q 0 0 0 rg BT 91.52 283.25 Td (its ) Tj ET Q q 0 0 0 rg BT 103.68 283.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 142.50 283.25 Td (going ) Tj ET Q q 0 0 0 rg BT 167.98 283.25 Td (forward, ) Tj ET Q q 0 0 0 rg BT 204.84 283.25 Td (there ) Tj ET Q q 0 0 0 rg BT 227.54 283.25 Td (can ) Tj ET Q q 0 0 0 rg BT 244.13 283.25 Td (be ) Tj ET Q q 0 0 0 rg BT 256.27 283.25 Td (no ) Tj ET Q q 0 0 0 rg BT 268.98 283.25 Td (guarantee ) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 241.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 113.03 241.25 Td (note ) Tj ET Q q 0 0 0 rg BT 131.74 241.25 Td (that ) Tj ET Q q 0 0 0 rg BT 148.22 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.92 241.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 200.62 241.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 252.63 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.44 241.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 302.25 241.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 328.17 241.25 Td (may ) Tj ET Q q 0 0 0 rg BT 346.87 241.25 Td (not ) Tj ET Q q 0 0 0 rg BT 361.14 241.25 Td (be ) Tj ET Q q 0 0 0 rg BT 372.06 241.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 412.98 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.79 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.50 241.25 Td (future ) Tj ET Q q 0 0 0 rg BT 461.86 241.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 513.87 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 523.68 241.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (Loans.) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (59) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 95.29 742.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 119.09 742.25 Td (Amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.84 712.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 148.68 712.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 169.19 712.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 202.48 712.25 Td (for ) Tj ET Q q 0 0 0 rg BT 217.43 712.25 Td (a ) Tj ET Q q 0 0 0 rg BT 225.16 712.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 253.46 712.25 Td (is ) Tj ET Q q 0 0 0 rg BT 263.42 712.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 311.70 712.25 Td (by ) Tj ET Q q 0 0 0 rg BT 324.99 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.50 712.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 386.13 712.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 419.98 712.25 Td (Rating. ) Tj ET Q q 0 0 0 rg BT 452.20 712.25 Td (The ) Tj ET Q q 0 0 0 rg BT 471.04 712.25 Td (table ) Tj ET Q q 0 0 0 rg BT 493.76 712.25 Td (below ) Tj ET Q q 0 0 0 rg BT 521.49 712.25 Td (shows ) Tj ET Q q 0 0 0 rg BT 549.79 712.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 93.05 700.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 112.77 700.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 145.26 700.25 Td (for ) Tj ET Q q 0 0 0 rg BT 159.42 700.25 Td (each ) Tj ET Q q 0 0 0 rg BT 180.24 700.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 213.29 700.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 242.46 700.25 Td (as ) Tj ET Q q 0 0 0 rg BT 253.29 700.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.12 700.25 Td (June1, ) Tj ET Q q 0 0 0 rg BT 294.95 700.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.95 700.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 648.75 433.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 648.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 648.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 620.75 433.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 620.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 620.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 592.75 433.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 592.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 592.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 564.75 433.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 564.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 564.75 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 648.75 m 482.5 648.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 648.75 m 561.5 648.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.00 653.43 Td (Prosper Rating) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.25 662.48 Td (Maximum) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.90 652.48 Td (Loan Amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.55 639.32 Td (AA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 639.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 639.32 Td (35,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.15 625.32 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.50 625.32 Td (35,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.15 611.32 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.50 611.32 Td (35,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.15 597.32 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.50 597.32 Td (35,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.85 583.32 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.50 583.32 Td (30,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.40 569.32 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.50 569.32 Td (15,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.55 555.32 Td (HR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.50 555.32 Td (7,500) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (Borr) Tj ET Q q 0 0 0 rg BT 70.37 521.25 Td (ower) Tj ET Q q 0 0 0 rg BT 91.28 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 93.78 521.25 Td (Identity ) Tj ET Q q 0 0 0 rg BT 130.18 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.80 521.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 191.30 521.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 245.84 521.25 Td (V) Tj ET Q q 0 0 0 rg BT 252.15 521.25 Td (erification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 491.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 491.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.34 491.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 138.59 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.29 491.25 Td (right ) Tj ET Q q 0 0 0 rg BT 172.66 491.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.92 491.25 Td (its ) Tj ET Q q 0 0 0 rg BT 192.86 491.25 Td (user ) Tj ET Q q 0 0 0 rg BT 211.00 491.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 258.02 491.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.28 491.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 292.64 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.34 491.25 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 343.35 491.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.16 491.25 Td (all ) Tj ET Q q 0 0 0 rg BT 364.64 491.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 408.34 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.26 491.25 Td (information ) Tj ET Q q 0 0 0 rg BT 472.96 491.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 509.99 491.25 Td (by ) Tj ET Q q 0 0 0 rg BT 521.47 491.25 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.59 479.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 106.86 479.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.79 479.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 164.81 479.25 Td (with ) Tj ET Q q 0 0 0 rg BT 185.75 479.25 Td (listings, ) Tj ET Q q 0 0 0 rg BT 220.30 479.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 277.89 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.48 479.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 336.96 479.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 366.82 479.25 Td (W) Tj ET Q q 0 0 0 rg BT 375.46 479.25 Td (e ) Tj ET Q q 0 0 0 rg BT 383.05 479.25 Td (may ) Tj ET Q q 0 0 0 rg BT 403.42 479.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 438.23 479.25 Td (our ) Tj ET Q q 0 0 0 rg BT 454.72 479.25 Td (review ) Tj ET Q q 0 0 0 rg BT 485.08 479.25 Td (at ) Tj ET Q q 0 0 0 rg BT 495.45 479.25 Td (any ) Tj ET Q q 0 0 0 rg BT 513.04 479.25 Td (time ) Tj ET Q q 0 0 0 rg BT 533.97 479.25 Td (before, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (during ) Tj ET Q q 0 0 0 rg BT 79.35 467.25 Td (or ) Tj ET Q q 0 0 0 rg BT 90.92 467.25 Td (after ) Tj ET Q q 0 0 0 rg BT 112.47 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.93 467.25 Td (posting ) Tj ET Q q 0 0 0 rg BT 160.62 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.19 467.25 Td (a ) Tj ET Q q 0 0 0 rg BT 179.87 467.25 Td (listing, ) Tj ET Q q 0 0 0 rg BT 210.61 467.25 Td (or ) Tj ET Q q 0 0 0 rg BT 222.18 467.25 Td (before ) Tj ET Q q 0 0 0 rg BT 250.96 467.25 Td (or ) Tj ET Q q 0 0 0 rg BT 262.53 467.25 Td (after ) Tj ET Q q 0 0 0 rg BT 284.08 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.54 467.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 333.89 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.46 467.25 Td (a ) Tj ET Q q 0 0 0 rg BT 353.13 467.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 394.69 467.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 420.98 467.25 Td (If ) Tj ET Q q 0 0 0 rg BT 430.88 467.25 Td (we ) Tj ET Q q 0 0 0 rg BT 445.78 467.25 Td (are ) Tj ET Q q 0 0 0 rg BT 461.23 467.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 491.12 467.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.14 467.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 529.26 467.25 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.25 Td (information ) Tj ET Q q 0 0 0 rg BT 100.20 455.25 Td (with ) Tj ET Q q 0 0 0 rg BT 120.97 455.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 152.27 455.25 Td (to ) Tj ET Q q 0 0 0 rg BT 163.04 455.25 Td (a ) Tj ET Q q 0 0 0 rg BT 170.47 455.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 210.11 455.25 Td (or ) Tj ET Q q 0 0 0 rg BT 221.43 455.25 Td (listing, ) Tj ET Q q 0 0 0 rg BT 251.93 455.25 Td (we ) Tj ET Q q 0 0 0 rg BT 266.58 455.25 Td (will ) Tj ET Q q 0 0 0 rg BT 285.12 455.25 Td (cancel ) Tj ET Q q 0 0 0 rg BT 313.64 455.25 Td (or ) Tj ET Q q 0 0 0 rg BT 324.96 455.25 Td (refuse ) Tj ET Q q 0 0 0 rg BT 352.38 455.25 Td (to ) Tj ET Q q 0 0 0 rg BT 363.15 455.25 Td (post ) Tj ET Q q 0 0 0 rg BT 382.81 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.02 455.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 426.01 455.25 Td (or ) Tj ET Q q 0 0 0 rg BT 437.33 455.25 Td (cancel ) Tj ET Q q 0 0 0 rg BT 465.85 455.25 Td (any ) Tj ET Q q 0 0 0 rg BT 483.28 455.25 Td (or ) Tj ET Q q 0 0 0 rg BT 494.60 455.25 Td (all ) Tj ET Q q 0 0 0 rg BT 507.59 455.25 Td (commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (against ) Tj ET Q q 0 0 0 rg BT 81.03 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.96 443.25 Td (listing. ) Tj ET Q q 0 0 0 rg BT 125.97 443.25 Td (W) Tj ET Q q 0 0 0 rg BT 134.61 443.25 Td (e ) Tj ET Q q 0 0 0 rg BT 141.76 443.25 Td (may ) Tj ET Q q 0 0 0 rg BT 161.68 443.25 Td (also ) Tj ET Q q 0 0 0 rg BT 180.50 443.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 204.86 443.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 238.68 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.71 443.25 Td (a ) Tj ET Q q 0 0 0 rg BT 256.86 443.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 297.89 443.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 321.14 443.25 Td (in ) Tj ET Q q 0 0 0 rg BT 331.63 443.25 Td (order ) Tj ET Q q 0 0 0 rg BT 355.43 443.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.92 443.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 392.50 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.43 443.25 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 445.66 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.70 443.25 Td (information ) Tj ET Q q 0 0 0 rg BT 506.62 443.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 544.87 443.25 Td (by ) Tj ET Q q 0 0 0 rg BT 557.58 443.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 88.42 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.97 431.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 143.61 431.25 Td (with ) Tj ET Q q 0 0 0 rg BT 163.16 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.15 431.25 Td (listing, ) Tj ET Q q 0 0 0 rg BT 206.42 431.25 Td (or ) Tj ET Q q 0 0 0 rg BT 216.52 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.07 431.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 267.82 431.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 301.80 431.25 Td (there ) Tj ET Q q 0 0 0 rg BT 323.55 431.25 Td (are ) Tj ET Q q 0 0 0 rg BT 337.53 431.25 Td (any ) Tj ET Q q 0 0 0 rg BT 353.74 431.25 Td (irregularities ) Tj ET Q q 0 0 0 rg BT 406.60 431.25 Td (with ) Tj ET Q q 0 0 0 rg BT 426.15 431.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 456.23 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.78 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.77 431.25 Td (listing. ) Tj ET Q q 0 0 0 rg BT 509.04 431.25 Td (If ) Tj ET Q q 0 0 0 rg BT 517.47 431.25 Td (we ) Tj ET Q q 0 0 0 rg BT 530.90 431.25 Td (identify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (material ) Tj ET Q q 0 0 0 rg BT 85.36 419.25 Td (misstatements ) Tj ET Q q 0 0 0 rg BT 144.63 419.25 Td (or ) Tj ET Q q 0 0 0 rg BT 155.56 419.25 Td (inaccuracies ) Tj ET Q q 0 0 0 rg BT 207.58 419.25 Td (in ) Tj ET Q q 0 0 0 rg BT 217.96 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.78 419.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 260.39 419.25 Td (or ) Tj ET Q q 0 0 0 rg BT 271.33 419.25 Td (in ) Tj ET Q q 0 0 0 rg BT 281.71 419.25 Td (other ) Tj ET Q q 0 0 0 rg BT 304.86 419.25 Td (information ) Tj ET Q q 0 0 0 rg BT 354.68 419.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 392.83 419.25 Td (by ) Tj ET Q q 0 0 0 rg BT 405.44 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.26 419.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 456.51 419.25 Td (, ) Tj ET Q q 0 0 0 rg BT 461.61 419.25 Td (we ) Tj ET Q q 0 0 0 rg BT 475.88 419.25 Td (will ) Tj ET Q q 0 0 0 rg BT 494.04 419.25 Td (cancel ) Tj ET Q q 0 0 0 rg BT 522.18 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.00 419.25 Td (listing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.24 407.25 Td (related ) Tj ET Q q 0 0 0 rg BT 89.36 407.25 Td (loan. ) Tj ET Q q 0 0 0 rg BT 110.99 407.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 128.45 407.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 180.90 407.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.59 407.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 223.62 407.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 263.85 407.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 290.20 407.25 Td (through ) Tj ET Q q 0 0 0 rg BT 323.22 407.25 Td (our ) Tj ET Q q 0 0 0 rg BT 338.47 407.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 389.24 407.25 Td (from ) Tj ET Q q 0 0 0 rg BT 410.59 407.25 Td (time ) Tj ET Q q 0 0 0 rg BT 430.27 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.97 407.25 Td (time ) Tj ET Q q 0 0 0 rg BT 459.65 407.25 Td (has ) Tj ET Q q 0 0 0 rg BT 474.90 407.25 Td (had, ) Tj ET Q q 0 0 0 rg BT 493.75 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.10 407.25 Td (will ) Tj ET Q q 0 0 0 rg BT 527.57 407.25 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.26 395.25 Td (have, ) Tj ET Q q 0 0 0 rg BT 84.12 395.25 Td (no ) Tj ET Q q 0 0 0 rg BT 96.60 395.25 Td (ef) Tj ET Q q 0 0 0 rg BT 104.18 395.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 121.65 395.25 Td (on ) Tj ET Q q 0 0 0 rg BT 134.13 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.83 395.25 Td (income ) Tj ET Q q 0 0 0 rg BT 180.74 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.66 395.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 250.13 395.25 Td (verification ) Tj ET Q q 0 0 0 rg BT 298.70 395.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 333.67 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.37 395.25 Td (selection ) Tj ET Q q 0 0 0 rg BT 386.39 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.20 395.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 416.90 395.25 Td (requests ) Tj ET Q q 0 0 0 rg BT 452.15 395.25 Td (verified ) Tj ET Q q 0 0 0 rg BT 485.72 395.25 Td (or ) Tj ET Q q 0 0 0 rg BT 496.53 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.23 395.25 Td (frequency ) Tj ET Q q 0 0 0 rg BT 553.69 395.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (income ) Tj ET Q q 0 0 0 rg BT 81.93 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.87 383.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 151.36 383.25 Td (verification.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 368.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 353.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 353.25 Td (e ) Tj ET Q q 0 0 0 rg BT 102.35 353.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 129.51 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.00 353.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 178.83 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.44 353.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 234.26 353.25 Td (by ) Tj ET Q q 0 0 0 rg BT 247.54 353.25 Td (comparing ) Tj ET Q q 0 0 0 rg BT 293.58 353.25 Td (supplied ) Tj ET Q q 0 0 0 rg BT 330.74 353.25 Td (names, ) Tj ET Q q 0 0 0 rg BT 362.07 353.25 Td (social ) Tj ET Q q 0 0 0 rg BT 388.67 353.25 Td (security ) Tj ET Q q 0 0 0 rg BT 423.61 353.25 Td (numbers, ) Tj ET Q q 0 0 0 rg BT 463.82 353.25 Td (addresses ) Tj ET Q q 0 0 0 rg BT 505.42 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.14 353.25 Td (telephone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.25 Td (numbers ) Tj ET Q q 0 0 0 rg BT 87.57 341.25 Td (against ) Tj ET Q q 0 0 0 rg BT 119.03 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.38 341.25 Td (names, ) Tj ET Q q 0 0 0 rg BT 165.56 341.25 Td (social ) Tj ET Q q 0 0 0 rg BT 192.02 341.25 Td (security ) Tj ET Q q 0 0 0 rg BT 226.81 341.25 Td (numbers, ) Tj ET Q q 0 0 0 rg BT 266.88 341.25 Td (addresses ) Tj ET Q q 0 0 0 rg BT 308.34 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.91 341.25 Td (telephone ) Tj ET Q q 0 0 0 rg BT 367.92 341.25 Td (numbers ) Tj ET Q q 0 0 0 rg BT 405.49 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 416.40 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.75 341.25 Td (records ) Tj ET Q q 0 0 0 rg BT 464.31 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.78 341.25 Td (a ) Tj ET Q q 0 0 0 rg BT 483.35 341.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 525.36 341.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (agency) Tj ET Q q 0 0 0 rg BT 77.67 329.25 Td (, ) Tj ET Q q 0 0 0 rg BT 82.67 329.25 Td (as ) Tj ET Q q 0 0 0 rg BT 93.50 329.25 Td (well ) Tj ET Q q 0 0 0 rg BT 113.22 329.25 Td (as ) Tj ET Q q 0 0 0 rg BT 124.05 329.25 Td (other ) Tj ET Q q 0 0 0 rg BT 147.10 329.25 Td (anti-fraud ) Tj ET Q q 0 0 0 rg BT 189.03 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.97 329.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 239.02 329.25 Td (verification ) Tj ET Q q 0 0 0 rg BT 287.61 329.25 Td (databases. ) Tj ET Q q 0 0 0 rg BT 333.43 329.25 Td (In ) Tj ET Q q 0 0 0 rg BT 344.27 329.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 382.04 329.25 Td (we ) Tj ET Q q 0 0 0 rg BT 396.20 329.25 Td (ask ) Tj ET Q q 0 0 0 rg BT 412.04 329.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 441.74 329.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 484.79 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 495.07 329.25 Td (submit ) Tj ET Q q 0 0 0 rg BT 524.79 329.25 Td (a ) Tj ET Q q 0 0 0 rg BT 531.74 329.25 Td (copy ) Tj ET Q q 0 0 0 rg BT 553.68 329.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td (their ) Tj ET Q q 0 0 0 rg BT 71.00 317.25 Td (current ) Tj ET Q q 0 0 0 rg BT 101.99 317.25 Td (driver's ) Tj ET Q q 0 0 0 rg BT 134.23 317.25 Td (license, ) Tj ET Q q 0 0 0 rg BT 167.16 317.25 Td (passport ) Tj ET Q q 0 0 0 rg BT 203.17 317.25 Td (or ) Tj ET Q q 0 0 0 rg BT 214.17 317.25 Td (other ) Tj ET Q q 0 0 0 rg BT 237.39 317.25 Td (government-issued, ) Tj ET Q q 0 0 0 rg BT 318.65 317.25 Td (photo ) Tj ET Q q 0 0 0 rg BT 344.10 317.25 Td (identification ) Tj ET Q q 0 0 0 rg BT 400.09 317.25 Td (card, ) Tj ET Q q 0 0 0 rg BT 422.47 317.25 Td (which ) Tj ET Q q 0 0 0 rg BT 449.58 317.25 Td (are ) Tj ET Q q 0 0 0 rg BT 464.46 317.25 Td (then ) Tj ET Q q 0 0 0 rg BT 484.35 317.25 Td (authenticated ) Tj ET Q q 0 0 0 rg BT 540.33 317.25 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 95.02 305.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 134.45 305.25 Td (materials. ) Tj ET Q q 0 0 0 rg BT 175.85 305.25 Td (Finally) Tj ET Q q 0 0 0 rg BT 203.54 305.25 Td (, ) Tj ET Q q 0 0 0 rg BT 208.29 305.25 Td (we ) Tj ET Q q 0 0 0 rg BT 222.20 305.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 248.33 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.80 305.25 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 300.58 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.16 305.25 Td (each ) Tj ET Q q 0 0 0 rg BT 331.73 305.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 376.32 305.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 398.02 305.25 Td (account ) Tj ET Q q 0 0 0 rg BT 431.36 305.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 483.16 305.25 Td (T) Tj ET Q q 0 0 0 rg BT 488.57 305.25 Td (o ) Tj ET Q q 0 0 0 rg BT 495.83 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.29 305.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 536.98 305.25 Td (any ) Tj ET Q q 0 0 0 rg BT 553.67 305.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (these ) Tj ET Q q 0 0 0 rg BT 73.87 293.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 115.52 293.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 149.95 293.25 Td (inconsistencies ) Tj ET Q q 0 0 0 rg BT 213.82 293.25 Td (between ) Tj ET Q q 0 0 0 rg BT 250.47 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.01 293.25 Td (information ) Tj ET Q q 0 0 0 rg BT 316.55 293.25 Td (submitted ) Tj ET Q q 0 0 0 rg BT 359.32 293.25 Td (by ) Tj ET Q q 0 0 0 rg BT 372.65 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.19 293.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 428.17 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.94 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.48 293.25 Td (information ) Tj ET Q q 0 0 0 rg BT 512.02 293.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 554.22 293.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.25 Td (another ) Tj ET Q q 0 0 0 rg BT 83.13 281.25 Td (data ) Tj ET Q q 0 0 0 rg BT 102.94 281.25 Td (source, ) Tj ET Q q 0 0 0 rg BT 134.69 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.05 281.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 189.85 281.25 Td (must ) Tj ET Q q 0 0 0 rg BT 212.45 281.25 Td (submit ) Tj ET Q q 0 0 0 rg BT 242.83 281.25 Td (documentation ) Tj ET Q q 0 0 0 rg BT 305.41 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.33 281.25 Td (resolve ) Tj ET Q q 0 0 0 rg BT 348.36 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.73 281.25 Td (discrepancy ) Tj ET Q q 0 0 0 rg BT 414.63 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.56 281.25 Td (our ) Tj ET Q q 0 0 0 rg BT 442.04 281.25 Td (satisfaction. ) Tj ET Q q 0 0 0 rg BT 493.23 281.25 Td (For ) Tj ET Q q 0 0 0 rg BT 510.27 281.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 549.79 281.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 89.43 269.25 Td (might ) Tj ET Q q 0 0 0 rg BT 115.54 269.25 Td (be ) Tj ET Q q 0 0 0 rg BT 127.75 269.25 Td (required ) Tj ET Q q 0 0 0 rg BT 163.84 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.40 269.25 Td (submit ) Tj ET Q q 0 0 0 rg BT 204.40 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 211.61 269.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 238.81 269.25 Td (utility ) Tj ET Q q 0 0 0 rg BT 265.48 269.25 Td (bill ) Tj ET Q q 0 0 0 rg BT 281.59 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 292.15 269.25 Td (reconcile ) Tj ET Q q 0 0 0 rg BT 331.56 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 338.78 269.25 Td (discrepancy ) Tj ET Q q 0 0 0 rg BT 389.31 269.25 Td (between ) Tj ET Q q 0 0 0 rg BT 425.40 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.39 269.25 Td (current ) Tj ET Q q 0 0 0 rg BT 471.48 269.25 Td (address ) Tj ET Q q 0 0 0 rg BT 504.25 269.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 528.69 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 539.24 269.25 Td (his ) Tj ET Q q 0 0 0 rg BT 553.69 269.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (her ) Tj ET Q q 0 0 0 rg BT 65.62 257.25 Td (application ) Tj ET Q q 0 0 0 rg BT 112.91 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.20 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.27 257.25 Td (one ) Tj ET Q q 0 0 0 rg BT 162.56 257.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 187.08 257.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.71 257.25 Td (his ) Tj ET Q q 0 0 0 rg BT 212.24 257.25 Td (or ) Tj ET Q q 0 0 0 rg BT 223.42 257.25 Td (her ) Tj ET Q q 0 0 0 rg BT 239.04 257.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 264.66 257.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 293.89 257.25 Td (If ) Tj ET Q q 0 0 0 rg BT 303.41 257.25 Td (we ) Tj ET Q q 0 0 0 rg BT 317.92 257.25 Td (are ) Tj ET Q q 0 0 0 rg BT 332.98 257.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 362.49 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 373.12 257.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 399.85 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.92 257.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 448.33 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.51 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 466.81 257.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 506.31 257.25 Td (in ) Tj ET Q q 0 0 0 rg BT 516.94 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.01 257.25 Td (manner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (described ) Tj ET Q q 0 0 0 rg BT 90.82 245.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 119.69 245.25 Td (we ) Tj ET Q q 0 0 0 rg BT 133.85 245.25 Td (will ) Tj ET Q q 0 0 0 rg BT 151.91 245.25 Td (cancel ) Tj ET Q q 0 0 0 rg BT 179.94 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.66 245.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 239.50 245.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 267.01 245.25 Td (or ) Tj ET Q q 0 0 0 rg BT 277.84 245.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 312.55 245.25 Td (loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 215.25 Td (In ) Tj ET Q q 0 0 0 rg BT 97.58 215.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 133.60 215.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.63 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.09 215.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 193.89 215.25 Td (verification ) Tj ET Q q 0 0 0 rg BT 243.23 215.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 284.80 215.25 Td (just ) Tj ET Q q 0 0 0 rg BT 302.50 215.25 Td (described, ) Tj ET Q q 0 0 0 rg BT 346.56 215.25 Td (we ) Tj ET Q q 0 0 0 rg BT 361.47 215.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 388.59 215.25 Td (income ) Tj ET Q q 0 0 0 rg BT 421.28 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.96 215.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 492.20 215.25 Td (information ) Tj ET Q q 0 0 0 rg BT 542.66 215.25 Td (for ) Tj ET Q q 0 0 0 rg BT 557.57 215.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (subset ) Tj ET Q q 0 0 0 rg BT 77.18 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.68 203.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 130.40 203.25 Td (based ) Tj ET Q q 0 0 0 rg BT 155.34 203.25 Td (on ) Tj ET Q q 0 0 0 rg BT 167.52 203.25 Td (a ) Tj ET Q q 0 0 0 rg BT 174.13 203.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 220.73 203.25 Td (algorithm. ) Tj ET Q q 0 0 0 rg BT 264.13 203.25 Td (The ) Tj ET Q q 0 0 0 rg BT 281.85 203.25 Td (intention ) Tj ET Q q 0 0 0 rg BT 319.58 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.08 203.25 Td (this ) Tj ET Q q 0 0 0 rg BT 346.71 203.25 Td (algorithm ) Tj ET Q q 0 0 0 rg BT 387.77 203.25 Td (is ) Tj ET Q q 0 0 0 rg BT 396.61 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.56 203.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 439.84 203.25 Td (instances ) Tj ET Q q 0 0 0 rg BT 478.67 203.25 Td (where ) Tj ET Q q 0 0 0 rg BT 505.28 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.67 203.25 Td (borrower's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (self-reported ) Tj ET Q q 0 0 0 rg BT 102.79 191.25 Td (income ) Tj ET Q q 0 0 0 rg BT 133.94 191.25 Td (is ) Tj ET Q q 0 0 0 rg BT 142.32 191.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 169.59 191.25 Td (determinative ) Tj ET Q q 0 0 0 rg BT 226.27 191.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.31 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.24 191.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 294.29 191.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 326.56 191.25 Td (Rating. ) Tj ET Q q 0 0 0 rg BT 357.31 191.25 Td (The ) Tj ET Q q 0 0 0 rg BT 374.56 191.25 Td (algorithm ) Tj ET Q q 0 0 0 rg BT 415.16 191.25 Td (gives ) Tj ET Q q 0 0 0 rg BT 437.98 191.25 Td (greatest ) Tj ET Q q 0 0 0 rg BT 470.78 191.25 Td (weight ) Tj ET Q q 0 0 0 rg BT 499.71 191.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.20 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 191.25 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (factors:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 146.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 146.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 146.05 146.25 Td (Rating;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 128.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 128.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 132.72 128.25 Td (amount;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 110.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 110.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 138.83 110.25 Td (income; ) Tj ET Q q 0 0 0 rg BT 173.54 110.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 92.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 92.25 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 176.59 92.25 Td (ratio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 59.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 59.25 Td (o ) Tj ET Q q 0 0 0 rg BT 99.18 59.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 125.82 59.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.03 59.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 178.14 59.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 212.85 59.25 Td (we ) Tj ET Q q 0 0 0 rg BT 227.27 59.25 Td (will ) Tj ET Q q 0 0 0 rg BT 245.60 59.25 Td (request ) Tj ET Q q 0 0 0 rg BT 277.25 59.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 323.34 59.25 Td (such ) Tj ET Q q 0 0 0 rg BT 344.44 59.25 Td (as ) Tj ET Q q 0 0 0 rg BT 355.54 59.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 382.73 59.25 Td (paystubs, ) Tj ET Q q 0 0 0 rg BT 423.00 59.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 437.98 59.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 468.52 59.25 Td (or ) Tj ET Q q 0 0 0 rg BT 479.62 59.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 501.83 59.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 551.61 59.25 Td (T) Tj ET Q q 0 0 0 rg BT 557.02 59.25 Td (o ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 76.38 47.25 Td (a ) Tj ET Q q 0 0 0 rg BT 83.32 47.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 128.16 47.25 Td (employment, ) Tj ET Q q 0 0 0 rg BT 183.15 47.25 Td (we ) Tj ET Q q 0 0 0 rg BT 197.31 47.25 Td (may ) Tj ET Q q 0 0 0 rg BT 217.03 47.25 Td (contact ) Tj ET Q q 0 0 0 rg BT 248.40 47.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.12 47.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 307.96 47.25 Td (employer ) Tj ET Q q 0 0 0 rg BT 348.22 47.25 Td (or ) Tj ET Q q 0 0 0 rg BT 359.05 47.25 Td (use ) Tj ET Q q 0 0 0 rg BT 374.88 47.25 Td (other ) Tj ET Q q 0 0 0 rg BT 397.93 47.25 Td (databases.) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 727.10 Td (Between ) Tj ET Q q 0 0 0 rg BT 122.59 727.10 Td (July ) Tj ET Q q 0 0 0 rg BT 140.87 727.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 154.97 727.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 176.58 727.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.63 727.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 235.33 727.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.33 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.94 727.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 284.64 727.10 Td (on ) Tj ET Q q 0 0 0 rg BT 296.25 727.10 Td (start ) Tj ET Q q 0 0 0 rg BT 315.07 727.10 Td (time ) Tj ET Q q 0 0 0 rg BT 334.45 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.39 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.21 727.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 400.91 727.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 433.07 727.10 Td (period\), ) Tj ET Q q 0 0 0 rg BT 466.05 727.10 Td (we ) Tj ET Q q 0 0 0 rg BT 479.32 727.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 512.02 727.10 Td (employment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 78.01 715.10 Td (income ) Tj ET Q q 0 0 0 rg BT 109.91 715.10 Td (on ) Tj ET Q q 0 0 0 rg BT 122.38 715.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.60 715.10 Td (62%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.93 715.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.40 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.19 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.88 715.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 269.66 715.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 296.57 715.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 339.58 715.10 Td (through ) Tj ET Q q 0 0 0 rg BT 373.15 715.10 Td (our ) Tj ET Q q 0 0 0 rg BT 388.95 715.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 440.27 715.10 Td (on ) Tj ET Q q 0 0 0 rg BT 452.73 715.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.64 715.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 477.66 715.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 500.13 715.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.46 715.10 Td (422,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.96 715.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.42 715.10 Td (out ) Tj ET Q q 0 0 0 rg BT 553.67 715.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (680,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 703.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 88.27 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.14 703.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.34 703.10 Td (74%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.67 703.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.11 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.88 703.10 Td (such ) Tj ET Q q 0 0 0 rg BT 217.65 703.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 241.19 703.10 Td (on ) Tj ET Q q 0 0 0 rg BT 253.63 703.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.51 703.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 286.27 703.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 308.71 703.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.04 703.10 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 331.98 703.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.09 703.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.53 703.10 Td (out ) Tj ET Q q 0 0 0 rg BT 375.74 703.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.51 703.10 Td ($8.7 ) Tj ET Q q 0 0 0 rg BT 406.45 703.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.56 703.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 440.83 703.10 Td (Breaking ) Tj ET Q q 0 0 0 rg BT 479.92 703.10 Td (these ) Tj ET Q q 0 0 0 rg BT 502.91 703.10 Td (numbers ) Tj ET Q q 0 0 0 rg BT 539.79 703.10 Td (down ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 691.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 95.55 691.10 Td (Rating:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 126.98 658.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 167.62 658.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 194.38 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 214.48 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.24 658.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 254.12 658.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 283.10 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.24 658.10 Td (AA, ) Tj ET Q q 0 0 0 rg BT 312.00 658.10 Td (A) Tj ET Q q 0 0 0 rg BT 318.67 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.99 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 331.64 658.10 Td (B, ) Tj ET Q q 0 0 0 rg BT 343.13 658.10 Td (we ) Tj ET Q q 0 0 0 rg BT 357.11 658.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 390.53 658.10 Td (income ) Tj ET Q q 0 0 0 rg BT 422.29 658.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 450.15 658.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 502.47 658.10 Td (information ) Tj ET Q q 0 0 0 rg BT 552.00 658.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 646.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 173.21 646.10 Td (66% ) Tj ET Q q 0 0 0 rg BT 193.99 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.77 646.10 Td (such ) Tj ET Q q 0 0 0 rg BT 225.55 646.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 249.11 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 261.56 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.45 646.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 286.45 646.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 308.90 646.10 Td (\(230,120 ) Tj ET Q q 0 0 0 rg BT 347.18 646.10 Td (out ) Tj ET Q q 0 0 0 rg BT 362.41 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.19 646.10 Td (348,880\) ) Tj ET Q q 0 0 0 rg BT 411.47 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.36 646.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 488.57 646.10 Td (76% ) Tj ET Q q 0 0 0 rg BT 509.35 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.13 646.10 Td (such ) Tj ET Q q 0 0 0 rg BT 540.91 646.10 Td (loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 125.50 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 132.44 634.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 158.26 634.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 180.76 634.10 Td (\($3.7 ) Tj ET Q q 0 0 0 rg BT 204.09 634.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 232.71 634.10 Td (out ) Tj ET Q q 0 0 0 rg BT 247.99 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.82 634.10 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 278.82 634.10 Td (billion\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 616.10 Td (for ) Tj ET Q q 0 0 0 rg BT 128.02 616.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 169.71 616.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 197.51 616.10 Td (with ) Tj ET Q q 0 0 0 rg BT 218.65 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 226.45 616.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 260.37 616.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 290.40 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.09 616.10 Td (C ) Tj ET Q q 0 0 0 rg BT 312.12 616.10 Td (or ) Tj ET Q q 0 0 0 rg BT 323.82 616.10 Td (D, ) Tj ET Q q 0 0 0 rg BT 336.90 616.10 Td (we ) Tj ET Q q 0 0 0 rg BT 351.92 616.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 386.38 616.10 Td (income ) Tj ET Q q 0 0 0 rg BT 419.18 616.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 448.09 616.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 501.44 616.10 Td (information ) Tj ET Q q 0 0 0 rg BT 552.02 616.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 604.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 173.21 604.10 Td (64% ) Tj ET Q q 0 0 0 rg BT 193.99 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.77 604.10 Td (such ) Tj ET Q q 0 0 0 rg BT 225.55 604.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 249.11 604.10 Td (on ) Tj ET Q q 0 0 0 rg BT 261.56 604.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.45 604.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 286.45 604.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 308.90 604.10 Td (\(161,609 ) Tj ET Q q 0 0 0 rg BT 347.18 604.10 Td (out ) Tj ET Q q 0 0 0 rg BT 362.41 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.19 604.10 Td (252,964\) ) Tj ET Q q 0 0 0 rg BT 411.47 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.36 604.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 488.57 604.10 Td (75% ) Tj ET Q q 0 0 0 rg BT 509.35 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.13 604.10 Td (such ) Tj ET Q q 0 0 0 rg BT 540.91 604.10 Td (loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 125.50 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 132.44 592.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 158.26 592.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 180.76 592.10 Td (\($2.5 ) Tj ET Q q 0 0 0 rg BT 204.09 592.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 232.71 592.10 Td (out ) Tj ET Q q 0 0 0 rg BT 247.99 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.82 592.10 Td ($3.3 ) Tj ET Q q 0 0 0 rg BT 278.82 592.10 Td (billion\); ) Tj ET Q q 0 0 0 rg BT 313.54 592.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.66 574.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 168.99 574.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 196.43 574.10 Td (with ) Tj ET Q q 0 0 0 rg BT 217.21 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.65 574.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 258.21 574.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 287.87 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.21 574.10 Td (E ) Tj ET Q q 0 0 0 rg BT 308.32 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.65 574.10 Td (HR, ) Tj ET Q q 0 0 0 rg BT 339.04 574.10 Td (we ) Tj ET Q q 0 0 0 rg BT 353.71 574.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 387.80 574.10 Td (income ) Tj ET Q q 0 0 0 rg BT 420.24 574.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 448.79 574.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 501.78 574.10 Td (information ) Tj ET Q q 0 0 0 rg BT 552.00 574.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 562.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 173.52 562.10 Td (40% ) Tj ET Q q 0 0 0 rg BT 194.61 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.70 562.10 Td (such ) Tj ET Q q 0 0 0 rg BT 226.79 562.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 250.66 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 263.42 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.62 562.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 288.93 562.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 311.69 562.10 Td (\(31,163 ) Tj ET Q q 0 0 0 rg BT 345.29 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.38 562.10 Td (78,179\) ) Tj ET Q q 0 0 0 rg BT 389.97 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.16 562.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 467.68 562.10 Td (51% ) Tj ET Q q 0 0 0 rg BT 488.77 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.86 562.10 Td (such ) Tj ET Q q 0 0 0 rg BT 520.95 562.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 544.82 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 557.58 562.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 550.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 138.83 550.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 161.33 550.10 Td (\($0.3 ) Tj ET Q q 0 0 0 rg BT 184.66 550.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 213.27 550.10 Td (out ) Tj ET Q q 0 0 0 rg BT 228.55 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.38 550.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 259.38 550.10 Td (billion\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 517.10 Td (Between ) Tj ET Q q 0 0 0 rg BT 123.97 517.10 Td (July ) Tj ET Q q 0 0 0 rg BT 143.63 517.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 159.11 517.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 182.09 517.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.52 517.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 243.60 517.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.60 517.10 Td (, ) Tj ET Q q 0 0 0 rg BT 269.09 517.10 Td (we ) Tj ET Q q 0 0 0 rg BT 283.73 517.10 Td (canceled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.69 517.10 Td (1) Tj ET Q q 0 0 0 rg BT 326.32 517.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.63 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.95 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.15 517.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 389.35 517.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 421.23 517.10 Td (for ) Tj ET Q q 0 0 0 rg BT 435.88 517.10 Td (which ) Tj ET Q q 0 0 0 rg BT 463.30 517.10 Td (we ) Tj ET Q q 0 0 0 rg BT 477.94 517.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 512.02 517.10 Td (employment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 78.43 505.10 Td (income ) Tj ET Q q 0 0 0 rg BT 110.75 505.10 Td (information ) Tj ET Q q 0 0 0 rg BT 160.85 505.10 Td (because ) Tj ET Q q 0 0 0 rg BT 195.38 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.48 505.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 242.27 505.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 284.02 505.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 327.99 505.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.20 505.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 359.02 505.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 387.45 505.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 440.33 505.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.54 505.10 Td (income ) Tj ET Q q 0 0 0 rg BT 483.86 505.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 536.46 505.10 Td (Please ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (note ) Tj ET Q q 0 0 0 rg BT 70.35 493.10 Td (that ) Tj ET Q q 0 0 0 rg BT 88.47 493.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 128.82 493.10 Td (data ) Tj ET Q q 0 0 0 rg BT 148.60 493.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 190.05 493.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 231.50 493.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 259.07 493.10 Td (may ) Tj ET Q q 0 0 0 rg BT 279.42 493.10 Td (not ) Tj ET Q q 0 0 0 rg BT 295.33 493.10 Td (be ) Tj ET Q q 0 0 0 rg BT 307.90 493.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 350.46 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.92 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.27 493.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 437.59 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.05 493.10 Td (future ) Tj ET Q q 0 0 0 rg BT 476.06 493.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 517.51 493.10 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 547.58 493.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 74.92 481.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 132.42 481.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 165.46 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.74 481.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 192.60 481.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.10 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.04 481.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 234.82 481.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 252.88 481.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 305.35 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.29 481.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 339.79 481.10 Td (Ability ) Tj ET Q q 0 0 0 rg BT 370.62 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.90 481.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 413.38 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.10 481.10 Td (Notes" ) Tj ET Q q 0 0 0 rg BT 458.01 481.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.17 481.10 Td (more ) Tj ET Q q 0 0 0 rg BT 495.22 481.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 451.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.20 451.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.18 451.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 141.37 451.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 161.13 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.45 451.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 204.53 451.10 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 253.17 451.10 Td (information ) Tj ET Q q 0 0 0 rg BT 302.92 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.24 451.10 Td (response ) Tj ET Q q 0 0 0 rg BT 350.77 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.09 451.10 Td (an ) Tj ET Q q 0 0 0 rg BT 373.07 451.10 Td (income ) Tj ET Q q 0 0 0 rg BT 405.04 451.10 Td (or ) Tj ET Q q 0 0 0 rg BT 415.91 451.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 468.44 451.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 517.07 451.10 Td (inquiry) Tj ET Q q 0 0 0 rg BT 545.31 451.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.35 451.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.44 439.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 80.43 439.10 Td (request ) Tj ET Q q 0 0 0 rg BT 111.19 439.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 153.07 439.10 Td (information ) Tj ET Q q 0 0 0 rg BT 202.17 439.10 Td (from ) Tj ET Q q 0 0 0 rg BT 223.49 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.59 439.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 273.84 439.10 Td (, ) Tj ET Q q 0 0 0 rg BT 278.23 439.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 291.78 439.10 Td (cancel ) Tj ET Q q 0 0 0 rg BT 319.19 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.30 439.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 377.53 439.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 404.42 439.10 Td (or ) Tj ET Q q 0 0 0 rg BT 414.63 439.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 427.62 439.10 Td (refuse ) Tj ET Q q 0 0 0 rg BT 453.93 439.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.60 439.10 Td (proceed ) Tj ET Q q 0 0 0 rg BT 497.13 439.10 Td (with ) Tj ET Q q 0 0 0 rg BT 516.80 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.90 439.10 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.02 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.93 427.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 98.14 427.10 Td (Where ) Tj ET Q q 0 0 0 rg BT 127.48 427.10 Td (we ) Tj ET Q q 0 0 0 rg BT 141.83 427.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 172.29 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.75 427.10 Td (verify ) Tj ET Q q 0 0 0 rg BT 209.32 427.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.45 427.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 261.49 427.10 Td (income ) Tj ET Q q 0 0 0 rg BT 293.61 427.10 Td (or ) Tj ET Q q 0 0 0 rg BT 304.63 427.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 357.31 427.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 409.71 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.62 427.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 473.40 427.10 Td (is ) Tj ET Q q 0 0 0 rg BT 482.76 427.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 521.55 427.10 Td (done ) Tj ET Q q 0 0 0 rg BT 543.68 427.10 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 415.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 109.56 415.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 137.07 415.10 Td (has ) Tj ET Q q 0 0 0 rg BT 152.90 415.10 Td (already ) Tj ET Q q 0 0 0 rg BT 184.82 415.10 Td (been ) Tj ET Q q 0 0 0 rg BT 206.20 415.10 Td (posted. ) Tj ET Q q 0 0 0 rg BT 237.12 415.10 Td (This ) Tj ET Q q 0 0 0 rg BT 257.40 415.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 286.01 415.10 Td (us ) Tj ET Q q 0 0 0 rg BT 297.40 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.68 415.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 331.84 415.10 Td (our ) Tj ET Q q 0 0 0 rg BT 347.67 415.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 396.26 415.10 Td (ef) Tj ET Q q 0 0 0 rg BT 403.85 415.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 424.68 415.10 Td (on ) Tj ET Q q 0 0 0 rg BT 437.18 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.89 415.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 483.29 415.10 Td (most ) Tj ET Q q 0 0 0 rg BT 505.24 415.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 530.51 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.79 415.10 Td (fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 385.10 Td (When ) Tj ET Q q 0 0 0 rg BT 113.31 385.10 Td (we ) Tj ET Q q 0 0 0 rg BT 128.40 385.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 162.94 385.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 207.45 385.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 260.87 385.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.64 385.10 Td (income ) Tj ET Q q 0 0 0 rg BT 305.50 385.10 Td (information ) Tj ET Q q 0 0 0 rg BT 356.15 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.36 385.10 Td (an ) Tj ET Q q 0 0 0 rg BT 380.23 385.10 Td (application ) Tj ET Q q 0 0 0 rg BT 428.09 385.10 Td (or ) Tj ET Q q 0 0 0 rg BT 439.85 385.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 468.29 385.10 Td (that ) Tj ET Q q 0 0 0 rg BT 486.72 385.10 Td (has ) Tj ET Q q 0 0 0 rg BT 503.48 385.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 538.57 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 385.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 89.22 373.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 129.55 373.10 Td (a ) Tj ET Q q 0 0 0 rg BT 136.56 373.10 Td (dif) Tj ET Q q 0 0 0 rg BT 147.48 373.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 173.37 373.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 206.48 373.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 235.71 373.10 Td (or ) Tj ET Q q 0 0 0 rg BT 246.61 373.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 278.61 373.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 296.16 373.10 Td (for ) Tj ET Q q 0 0 0 rg BT 310.38 373.10 Td (his ) Tj ET Q q 0 0 0 rg BT 324.62 373.10 Td (or ) Tj ET Q q 0 0 0 rg BT 335.51 373.10 Td (her ) Tj ET Q q 0 0 0 rg BT 350.84 373.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 378.41 373.10 Td (than ) Tj ET Q q 0 0 0 rg BT 398.20 373.10 Td (she ) Tj ET Q q 0 0 0 rg BT 414.09 373.10 Td (would ) Tj ET Q q 0 0 0 rg BT 441.66 373.10 Td (have ) Tj ET Q q 0 0 0 rg BT 463.10 373.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 500.10 373.10 Td (if ) Tj ET Q q 0 0 0 rg BT 508.77 373.10 Td (he ) Tj ET Q q 0 0 0 rg BT 520.77 373.10 Td (or ) Tj ET Q q 0 0 0 rg BT 531.67 373.10 Td (she ) Tj ET Q q 0 0 0 rg BT 547.56 373.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 88.82 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.31 361.10 Td (correct ) Tj ET Q q 0 0 0 rg BT 135.33 361.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 188.32 361.10 Td (we ) Tj ET Q q 0 0 0 rg BT 203.25 361.10 Td (cancel ) Tj ET Q q 0 0 0 rg BT 232.05 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.54 361.10 Td (listing. ) Tj ET Q q 0 0 0 rg BT 278.32 361.10 Td (If ) Tj ET Q q 0 0 0 rg BT 288.25 361.10 Td (we ) Tj ET Q q 0 0 0 rg BT 303.18 361.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 337.55 361.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 381.90 361.10 Td (information ) Tj ET Q q 0 0 0 rg BT 432.39 361.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.44 361.10 Td (a ) Tj ET Q q 0 0 0 rg BT 451.15 361.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 479.42 361.10 Td (that ) Tj ET Q q 0 0 0 rg BT 497.69 361.10 Td (does ) Tj ET Q q 0 0 0 rg BT 519.29 361.10 Td (not ) Tj ET Q q 0 0 0 rg BT 535.34 361.10 Td (trigger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 100.98 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.99 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.88 349.10 Td (listing, ) Tj ET Q q 0 0 0 rg BT 157.06 349.10 Td (we ) Tj ET Q q 0 0 0 rg BT 171.40 349.10 Td (do ) Tj ET Q q 0 0 0 rg BT 184.07 349.10 Td (not ) Tj ET Q q 0 0 0 rg BT 199.53 349.10 Td (update ) Tj ET Q q 0 0 0 rg BT 228.86 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.75 349.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 271.43 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.88 349.10 Td (include ) Tj ET Q q 0 0 0 rg BT 313.99 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.89 349.10 Td (corrected ) Tj ET Q q 0 0 0 rg BT 368.75 349.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 421.14 349.10 Td (Cancellation ) Tj ET Q q 0 0 0 rg BT 474.36 349.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 531.46 349.10 Td (triggers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.90 337.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 83.79 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.03 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.70 337.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 147.81 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.71 337.10 Td (any ) Tj ET Q q 0 0 0 rg BT 181.60 337.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 220.17 337.10 Td (who ) Tj ET Q q 0 0 0 rg BT 239.85 337.10 Td (made ) Tj ET Q q 0 0 0 rg BT 263.96 337.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 320.86 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.10 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.77 337.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 373.24 337.10 Td (that ) Tj ET Q q 0 0 0 rg BT 390.69 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.37 337.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 432.83 337.10 Td (has ) Tj ET Q q 0 0 0 rg BT 448.62 337.10 Td (been ) Tj ET Q q 0 0 0 rg BT 469.95 337.10 Td (cancelled, ) Tj ET Q q 0 0 0 rg BT 512.66 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.56 337.10 Td (we ) Tj ET Q q 0 0 0 rg BT 543.68 337.10 Td (send ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (an ) Tj ET Q q 0 0 0 rg BT 62.16 325.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 95.43 325.10 Td (action ) Tj ET Q q 0 0 0 rg BT 122.59 325.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 149.75 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.25 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.19 325.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 214.57 325.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 257.29 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.23 325.10 Td (reasons ) Tj ET Q q 0 0 0 rg BT 304.95 325.10 Td (for ) Tj ET Q q 0 0 0 rg BT 319.33 325.10 Td (cancellation. ) Tj ET Q q 0 0 0 rg BT 372.67 325.10 Td (W) Tj ET Q q 0 0 0 rg BT 381.30 325.10 Td (e ) Tj ET Q q 0 0 0 rg BT 388.47 325.10 Td (make ) Tj ET Q q 0 0 0 rg BT 412.85 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.79 325.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 452.74 325.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 498.24 325.10 Td (by ) Tj ET Q q 0 0 0 rg BT 510.96 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.90 325.10 Td (investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 313.10 Td (cancelled ) Tj ET Q q 0 0 0 rg BT 117.47 313.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 144.97 313.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 197.46 313.10 Td (available ) Tj ET Q q 0 0 0 rg BT 236.04 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.32 313.10 Td (them ) Tj ET Q q 0 0 0 rg BT 268.82 313.10 Td (for ) Tj ET Q q 0 0 0 rg BT 282.98 313.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 316.04 313.10 Td (on ) Tj ET Q q 0 0 0 rg BT 328.54 313.10 Td (other ) Tj ET Q q 0 0 0 rg BT 351.58 313.10 Td (listings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 298.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 283.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 283.10 Td (e ) Tj ET Q q 0 0 0 rg BT 100.71 283.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 139.55 283.10 Td (do ) Tj ET Q q 0 0 0 rg BT 151.19 283.10 Td (not ) Tj ET Q q 0 0 0 rg BT 165.61 283.10 Td (verify ) Tj ET Q q 0 0 0 rg BT 191.12 283.10 Td (information ) Tj ET Q q 0 0 0 rg BT 239.97 283.10 Td (included ) Tj ET Q q 0 0 0 rg BT 276.05 283.10 Td (by ) Tj ET Q q 0 0 0 rg BT 287.68 283.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 329.86 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.28 283.10 Td (their ) Tj ET Q q 0 0 0 rg BT 359.24 283.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 389.78 283.10 Td (other ) Tj ET Q q 0 0 0 rg BT 411.96 283.10 Td (than ) Tj ET Q q 0 0 0 rg BT 430.82 283.10 Td (identity) Tj ET Q q 0 0 0 rg BT 460.72 283.10 Td (, ) Tj ET Q q 0 0 0 rg BT 464.86 283.10 Td (income ) Tj ET Q q 0 0 0 rg BT 495.93 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.01 283.10 Td (employment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 102.29 271.10 Td (W) Tj ET Q q 0 0 0 rg BT 110.93 271.10 Td (e ) Tj ET Q q 0 0 0 rg BT 118.15 271.10 Td (derive ) Tj ET Q q 0 0 0 rg BT 145.91 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.91 271.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 206.03 271.10 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 269.90 271.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 291.01 271.10 Td (\("DTI"\) ) Tj ET Q q 0 0 0 rg BT 325.27 271.10 Td (from ) Tj ET Q q 0 0 0 rg BT 347.49 271.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.71 271.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 407.48 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.59 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.58 271.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 478.71 271.10 Td (self-reported ) Tj ET Q q 0 0 0 rg BT 532.57 271.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.46 259.10 Td (information ) Tj ET Q q 0 0 0 rg BT 117.69 259.10 Td (from ) Tj ET Q q 0 0 0 rg BT 140.15 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.39 259.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 200.76 259.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 226.54 259.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 255.72 259.10 Td (The ) Tj ET Q q 0 0 0 rg BT 274.29 259.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 300.08 259.10 Td (data ) Tj ET Q q 0 0 0 rg BT 319.75 259.10 Td (that ) Tj ET Q q 0 0 0 rg BT 337.77 259.10 Td (appears ) Tj ET Q q 0 0 0 rg BT 371.33 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.13 259.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 414.04 259.10 Td (is ) Tj ET Q q 0 0 0 rg BT 423.74 259.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 448.41 259.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 481.98 259.10 Td (from ) Tj ET Q q 0 0 0 rg BT 504.44 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.67 259.10 Td (borrower's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.78 247.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 104.51 247.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 145.31 247.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 188.87 247.10 Td (may ) Tj ET Q q 0 0 0 rg BT 209.10 247.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 242.66 247.10 Td (proof ) Tj ET Q q 0 0 0 rg BT 267.34 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.69 247.10 Td (homeownership ) Tj ET Q q 0 0 0 rg BT 345.58 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.38 247.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 394.39 247.10 Td (homeownership ) Tj ET Q q 0 0 0 rg BT 461.29 247.10 Td (status, ) Tj ET Q q 0 0 0 rg BT 489.58 247.10 Td (in ) Tj ET Q q 0 0 0 rg BT 500.38 247.10 Td (most ) Tj ET Q q 0 0 0 rg BT 522.84 247.10 Td (instances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (homeownership ) Tj ET Q q 0 0 0 rg BT 116.22 235.10 Td (status ) Tj ET Q q 0 0 0 rg BT 141.35 235.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.36 235.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 182.69 235.10 Td (from ) Tj ET Q q 0 0 0 rg BT 204.48 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.04 235.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 244.15 235.10 Td (report ) Tj ET Q q 0 0 0 rg BT 270.37 235.10 Td (as ) Tj ET Q q 0 0 0 rg BT 281.04 235.10 Td (well. ) Tj ET Q q 0 0 0 rg BT 303.11 235.10 Td (For ) Tj ET Q q 0 0 0 rg BT 319.34 235.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 358.06 235.10 Td (if ) Tj ET Q q 0 0 0 rg BT 366.51 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.08 235.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 406.18 235.10 Td (report ) Tj ET Q q 0 0 0 rg BT 432.41 235.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 464.18 235.10 Td (an ) Tj ET Q q 0 0 0 rg BT 475.96 235.10 Td (active ) Tj ET Q q 0 0 0 rg BT 502.18 235.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 542.29 235.10 Td (loan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.21 223.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 104.84 223.10 Td (is ) Tj ET Q q 0 0 0 rg BT 114.50 223.10 Td (presumed ) Tj ET Q q 0 0 0 rg BT 156.37 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.13 223.10 Td (be ) Tj ET Q q 0 0 0 rg BT 179.56 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.99 223.10 Td (homeowner) Tj ET Q q 0 0 0 rg BT 233.64 223.10 Td (. ) Tj ET Q q 0 0 0 rg BT 239.13 223.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 278.78 223.10 Td (should ) Tj ET Q q 0 0 0 rg BT 308.44 223.10 Td (not ) Tj ET Q q 0 0 0 rg BT 324.20 223.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 342.74 223.10 Td (on ) Tj ET Q q 0 0 0 rg BT 355.73 223.10 Td (unverified ) Tj ET Q q 0 0 0 rg BT 399.81 223.10 Td (information ) Tj ET Q q 0 0 0 rg BT 450.01 223.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 488.54 223.10 Td (by ) Tj ET Q q 0 0 0 rg BT 501.53 223.10 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 547.56 223.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td ("Item ) Tj ET Q q 0 0 0 rg BT 74.27 211.10 Td (I.A. ) Tj ET Q q 0 0 0 rg BT 91.69 211.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 111.90 211.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 168.77 211.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 201.18 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.83 211.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 251.01 211.10 Td (Default-The ) Tj ET Q q 0 0 0 rg BT 301.74 211.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 344.16 211.10 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 407.12 211.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 427.31 211.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.84 211.10 Td (all ) Tj ET Q q 0 0 0 rg BT 452.70 211.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 495.11 211.10 Td (is ) Tj ET Q q 0 0 0 rg BT 503.65 211.10 Td (50%" ) Tj ET Q q 0 0 0 rg BT 527.93 211.10 Td (for ) Tj ET Q q 0 0 0 rg BT 541.46 211.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 169.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 115.53 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.28 169.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 195.36 169.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 246.82 169.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 281.91 169.10 Td (is ) Tj ET Q q 0 0 0 rg BT 293.12 169.10 Td (required ) Tj ET Q q 0 0 0 rg BT 330.97 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.28 169.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 380.02 169.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 421.21 169.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 456.30 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.27 169.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.79 169.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 98.61 157.10 Td (services ) Tj ET Q q 0 0 0 rg BT 133.34 157.10 Td (on ) Tj ET Q q 0 0 0 rg BT 145.86 157.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 173.37 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.22 157.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 201.08 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.60 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.90 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.64 157.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 261.15 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.11 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.41 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.15 157.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 330.10 157.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 386.49 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.79 157.10 Td (this ) Tj ET Q q 0 0 0 rg BT 413.76 157.10 Td (section. ) Tj ET Q q 0 0 0 rg BT 446.93 157.10 Td (W) Tj ET Q q 0 0 0 rg BT 455.57 157.10 Td (e ) Tj ET Q q 0 0 0 rg BT 462.53 157.10 Td (are ) Tj ET Q q 0 0 0 rg BT 477.26 157.10 Td (continuously ) Tj ET Q q 0 0 0 rg BT 531.44 157.10 Td (looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.79 145.10 Td (ways ) Tj ET Q q 0 0 0 rg BT 88.47 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.37 145.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 135.83 145.10 Td (our ) Tj ET Q q 0 0 0 rg BT 152.28 145.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 201.50 145.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 248.49 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.40 145.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.97 145.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 293.99 145.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 324.32 145.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 357.43 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.34 145.10 Td (order ) Tj ET Q q 0 0 0 rg BT 392.57 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.47 145.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 439.35 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.70 145.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 500.03 145.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 553.68 145.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.77 133.10 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 120.15 133.10 Td (See ) Tj ET Q q 0 0 0 rg BT 137.03 133.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 161.90 133.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 219.35 133.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 252.33 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.56 133.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 303.32 133.10 Td (Default-Information ) Tj ET Q q 0 0 0 rg BT 386.85 133.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 423.18 133.10 Td (by ) Tj ET Q q 0 0 0 rg BT 435.62 133.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 478.61 133.10 Td (may ) Tj ET Q q 0 0 0 rg BT 498.27 133.10 Td (be ) Tj ET Q q 0 0 0 rg BT 510.16 133.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 553.68 133.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (intentionally ) Tj ET Q q 0 0 0 rg BT 103.05 121.10 Td (false. ) Tj ET Q q 0 0 0 rg BT 126.92 121.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 177.19 121.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 218.00 121.10 Td (income ) Tj ET Q q 0 0 0 rg BT 249.94 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.88 121.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 319.37 121.10 Td (is ) Tj ET Q q 0 0 0 rg BT 328.54 121.10 Td (not ) Tj ET Q q 0 0 0 rg BT 343.81 121.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 377.41 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.69 121.10 Td (many ) Tj ET Q q 0 0 0 rg BT 412.40 121.10 Td (cases" ) Tj ET Q q 0 0 0 rg BT 440.08 121.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.24 121.10 Td (more ) Tj ET Q q 0 0 0 rg BT 477.29 121.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 91.10 Td (Repur) Tj ET Q q 0 0 0 rg BT 99.53 91.10 Td (chase ) Tj ET Q q 0 0 0 rg BT 125.36 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.98 91.10 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 214.82 91.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 61.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 112.99 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.20 61.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 151.41 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.74 61.10 Td (each ) Tj ET Q q 0 0 0 rg BT 182.05 61.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 205.98 61.10 Td (if ) Tj ET Q q 0 0 0 rg BT 214.09 61.10 Td (a ) Tj ET Q q 0 0 0 rg BT 220.52 61.10 Td ("Repurchase ) Tj ET Q q 0 0 0 rg BT 273.25 61.10 Td (Event" ) Tj ET Q q 0 0 0 rg BT 302.65 61.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 330.75 61.10 Td (with ) Tj ET Q q 0 0 0 rg BT 350.52 61.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 380.83 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.61 61.10 Td (that ) Tj ET Q q 0 0 0 rg BT 407.60 61.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 431.53 61.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 448.39 61.10 Td ( ) Tj ET Q q 0 0 0 rg BT 450.39 61.10 Td (will, ) Tj ET Q q 0 0 0 rg BT 470.44 61.10 Td (at ) Tj ET Q q 0 0 0 rg BT 479.65 61.10 Td (its ) Tj ET Q q 0 0 0 rg BT 491.10 61.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 509.20 61.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 539.25 61.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 95.60 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.11 49.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 131.85 49.10 Td (from ) Tj ET Q q 0 0 0 rg BT 153.58 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.09 49.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 195.93 49.10 Td (or ) Tj ET Q q 0 0 0 rg BT 206.56 49.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 249.96 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.47 49.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 292.31 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.93 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.45 49.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 339.18 49.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.13 49.10 Td (any ) Tj ET Q q 0 0 0 rg BT 369.87 49.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 396.05 49.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 433.34 49.10 Td (from ) Tj ET Q q 0 0 0 rg BT 455.08 49.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 506.81 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.43 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.94 49.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 553.68 49.10 Td (or ) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.28 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 89.56 742.10 Td (claim, ) Tj ET Q q 0 0 0 rg BT 117.11 742.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 151.60 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 162.77 742.10 Td (defense ) Tj ET Q q 0 0 0 rg BT 196.15 742.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 226.20 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 237.37 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.65 742.10 Td (result ) Tj ET Q q 0 0 0 rg BT 269.71 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.88 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 302.05 742.10 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 351.53 742.10 Td (Event. ) Tj ET Q q 0 0 0 rg BT 379.57 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 386.24 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 389.08 742.10 Td ("Repurchase ) Tj ET Q q 0 0 0 rg BT 442.65 742.10 Td (Event" ) Tj ET Q q 0 0 0 rg BT 472.89 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 493.51 742.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 524.66 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.28 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 542.56 742.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (means ) Tj ET Q q 0 0 0 rg BT 79.66 730.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 93.22 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.77 730.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 136.44 730.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 167.22 730.10 Td (dif) Tj ET Q q 0 0 0 rg BT 178.15 730.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 205.58 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.13 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.46 730.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 280.13 730.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 310.91 730.10 Td (actually ) Tj ET Q q 0 0 0 rg BT 346.68 730.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 391.32 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 405.44 730.10 Td (us ) Tj ET Q q 0 0 0 rg BT 418.45 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 438.11 730.10 Td (included ) Tj ET Q q 0 0 0 rg BT 476.66 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.56 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.89 730.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 534.01 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 109.67 718.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 150.46 718.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 175.98 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 186.77 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.68 718.10 Td (result ) Tj ET Q q 0 0 0 rg BT 218.36 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.16 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 256.07 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.75 718.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 302.65 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.45 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.13 718.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 356.15 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.39 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.08 718.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 402.98 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 412.12 718.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 455.12 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.03 718.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 512.81 718.10 Td (af) Tj ET Q q 0 0 0 rg BT 520.40 718.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 549.79 718.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.31 706.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 90.73 706.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 120.27 706.10 Td (dif) Tj ET Q q 0 0 0 rg BT 131.20 706.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 157.38 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 179.69 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.78 706.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 228.20 706.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 257.74 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 275.61 706.10 Td (should ) Tj ET Q q 0 0 0 rg BT 305.15 706.10 Td (have ) Tj ET Q q 0 0 0 rg BT 326.89 706.10 Td (appeared ) Tj ET Q q 0 0 0 rg BT 365.85 706.10 Td (was ) Tj ET Q q 0 0 0 rg BT 384.27 706.10 Td (included ) Tj ET Q q 0 0 0 rg BT 421.58 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.23 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.31 706.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 475.19 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.72 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.81 706.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 91.55 694.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 115.33 694.10 Td (because ) Tj ET Q q 0 0 0 rg BT 150.21 694.10 Td (either ) Tj ET Q q 0 0 0 rg BT 176.21 694.10 Td (we ) Tj ET Q q 0 0 0 rg BT 191.11 694.10 Td (inaccurately ) Tj ET Q q 0 0 0 rg BT 243.20 694.10 Td (input ) Tj ET Q q 0 0 0 rg BT 266.99 694.10 Td (data ) Tj ET Q q 0 0 0 rg BT 286.88 694.10 Td (into ) Tj ET Q q 0 0 0 rg BT 305.67 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.12 694.10 Td (formula ) Tj ET Q q 0 0 0 rg BT 356.01 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 370.90 694.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 422.46 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.91 694.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 471.69 694.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 501.59 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 513.15 694.10 Td (inaccurately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 82.44 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.65 682.10 Td (formula ) Tj ET Q q 0 0 0 rg BT 132.31 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.97 682.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 198.30 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.51 682.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 247.07 682.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 276.74 682.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 296.68 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 308.01 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 315.45 682.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 343.17 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.39 682.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 390.82 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.15 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.37 682.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 445.92 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.70 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.92 682.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 494.36 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 504.03 682.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 547.57 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.61 670.10 Td (af) Tj ET Q q 0 0 0 rg BT 98.20 670.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 127.42 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 138.05 670.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 155.34 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.85 670.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 229.35 670.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 269.97 670.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 292.81 670.10 Td (was ) Tj ET Q q 0 0 0 rg BT 310.66 670.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 347.39 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 358.02 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 364.75 670.10 Td (result ) Tj ET Q q 0 0 0 rg BT 389.27 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.89 670.10 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 440.50 670.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 473.90 670.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 494.52 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 506.82 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.33 670.10 Td (part ) Tj ET Q q 0 0 0 rg BT 539.17 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 670.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 91.38 658.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 130.53 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.47 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.40 658.10 Td (material ) Tj ET Q q 0 0 0 rg BT 189.66 658.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 226.60 658.10 Td (default ) Tj ET Q q 0 0 0 rg BT 256.86 658.10 Td (under ) Tj ET Q q 0 0 0 rg BT 282.13 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.85 658.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 356.55 658.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 397.37 658.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 420.42 658.10 Td (has ) Tj ET Q q 0 0 0 rg BT 436.25 658.10 Td (occurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 628.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 113.06 628.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 138.05 628.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 174.00 628.10 Td (form ) Tj ET Q q 0 0 0 rg BT 195.50 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.90 628.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 225.18 628.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 262.79 628.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 306.50 628.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.23 628.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 368.94 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.79 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.93 628.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 421.65 628.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 444.26 628.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 482.16 628.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 499.02 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.08 628.10 Td (will ) Tj ET Q q 0 0 0 rg BT 518.71 628.10 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.46 616.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 96.81 616.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 119.38 616.10 Td (from ) Tj ET Q q 0 0 0 rg BT 140.85 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.09 616.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 195.99 616.10 Td (if ) Tj ET Q q 0 0 0 rg BT 204.12 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.36 616.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 258.71 616.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 281.28 616.10 Td (is ) Tj ET Q q 0 0 0 rg BT 289.98 616.10 Td (legally ) Tj ET Q q 0 0 0 rg BT 319.22 616.10 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 377.88 616.10 Td (because ) Tj ET Q q 0 0 0 rg BT 411.55 616.10 Td (it ) Tj ET Q q 0 0 0 rg BT 419.13 616.10 Td (did ) Tj ET Q q 0 0 0 rg BT 433.94 616.10 Td (not ) Tj ET Q q 0 0 0 rg BT 448.74 616.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 480.76 616.10 Td (with ) Tj ET Q q 0 0 0 rg BT 500.57 616.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 543.68 616.10 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.87 604.10 Td (ef) Tj ET Q q 0 0 0 rg BT 67.46 604.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 84.54 604.10 Td (at ) Tj ET Q q 0 0 0 rg BT 93.86 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.17 604.10 Td (time ) Tj ET Q q 0 0 0 rg BT 128.04 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.35 604.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 182.77 604.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 205.41 604.10 Td (was ) Tj ET Q q 0 0 0 rg BT 223.06 604.10 Td (originated, ) Tj ET Q q 0 0 0 rg BT 268.20 604.10 Td (or ) Tj ET Q q 0 0 0 rg BT 278.62 604.10 Td (if ) Tj ET Q q 0 0 0 rg BT 286.83 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.14 604.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 341.56 604.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 364.20 604.10 Td (was ) Tj ET Q q 0 0 0 rg BT 381.85 604.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 418.38 604.10 Td (as ) Tj ET Q q 0 0 0 rg BT 428.81 604.10 Td (a ) Tj ET Q q 0 0 0 rg BT 435.34 604.10 Td (result ) Tj ET Q q 0 0 0 rg BT 459.65 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.08 604.10 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 510.49 604.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 543.69 604.10 Td (theft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 592.10 Td (part ) Tj ET Q q 0 0 0 rg BT 95.26 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.09 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.81 592.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 162.19 592.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 198.29 592.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.19 562.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 162.37 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.34 562.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 208.19 562.10 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 249.15 562.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 282.89 562.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 303.86 562.10 Td (has ) Tj ET Q q 0 0 0 rg BT 319.83 562.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 357.45 562.10 Td (is ) Tj ET Q q 0 0 0 rg BT 366.77 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.19 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 393.16 562.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 411.91 562.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 456.49 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.57 562.10 Td (we ) Tj ET Q q 0 0 0 rg BT 487.87 562.10 Td (have ) Tj ET Q q 0 0 0 rg BT 509.39 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.25 562.10 Td (exclusive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (right ) Tj ET Q q 0 0 0 rg BT 70.94 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 80.76 550.10 Td (investigate ) Tj ET Q q 0 0 0 rg BT 126.13 550.10 Td (such ) Tj ET Q q 0 0 0 rg BT 146.51 550.10 Td (claims. ) Tj ET Q q 0 0 0 rg BT 177.01 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 185.65 550.10 Td (e ) Tj ET Q q 0 0 0 rg BT 192.14 550.10 Td (may) Tj ET Q q 0 0 0 rg BT 208.70 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 213.25 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.08 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.46 550.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 283.26 550.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 327.24 550.10 Td (require ) Tj ET Q q 0 0 0 rg BT 357.61 550.10 Td (proof ) Tj ET Q q 0 0 0 rg BT 381.31 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.69 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.96 550.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 439.11 550.10 Td (theft, ) Tj ET Q q 0 0 0 rg BT 461.98 550.10 Td (such ) Tj ET Q q 0 0 0 rg BT 482.36 550.10 Td (as ) Tj ET Q q 0 0 0 rg BT 492.74 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.23 550.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 520.71 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.09 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 537.58 550.10 Td (police ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (report ) Tj ET Q q 0 0 0 rg BT 76.97 538.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 98.38 538.10 Td (by ) Tj ET Q q 0 0 0 rg BT 111.47 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.77 538.10 Td (person ) Tj ET Q q 0 0 0 rg BT 156.52 538.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 185.16 538.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 218.80 538.10 Td (was ) Tj ET Q q 0 0 0 rg BT 237.44 538.10 Td (wrongfully ) Tj ET Q q 0 0 0 rg BT 284.97 538.10 Td (used ) Tj ET Q q 0 0 0 rg BT 306.39 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.25 538.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 345.34 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.64 538.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 402.05 538.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 428.19 538.10 Td (an ) Tj ET Q q 0 0 0 rg BT 440.71 538.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 474.35 538.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 495.77 538.10 Td (af) Tj ET Q q 0 0 0 rg BT 503.35 538.10 Td (fidavit, ) Tj ET Q q 0 0 0 rg BT 535.05 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 542.57 538.10 Td (bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 97.79 526.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 120.04 526.10 Td (or ) Tj ET Q q 0 0 0 rg BT 130.08 526.10 Td (all ) Tj ET Q q 0 0 0 rg BT 141.78 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.81 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.74 526.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 193.82 526.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 228.84 526.10 Td (we ) Tj ET Q q 0 0 0 rg BT 242.21 526.10 Td (are ) Tj ET Q q 0 0 0 rg BT 256.12 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.04 526.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 287.85 526.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 318.44 526.10 Td (with ) Tj ET Q q 0 0 0 rg BT 337.93 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.85 526.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 379.11 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.59 526.10 Td (investigate ) Tj ET Q q 0 0 0 rg BT 433.62 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.76 526.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 491.45 526.10 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 531.46 526.10 Td (identity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (theft, ) Tj ET Q q 0 0 0 rg BT 72.49 514.10 Td (which ) Tj ET Q q 0 0 0 rg BT 98.59 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.03 514.10 Td (turn ) Tj ET Q q 0 0 0 rg BT 125.80 514.10 Td (triggers ) Tj ET Q q 0 0 0 rg BT 158.01 514.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 182.59 514.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 227.56 514.10 Td (or ) Tj ET Q q 0 0 0 rg BT 237.55 514.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 302.53 514.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 351.13 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.23 514.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 389.44 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.43 514.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 430.52 514.10 Td (exists. ) Tj ET Q q 0 0 0 rg BT 457.34 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 465.98 514.10 Td (e ) Tj ET Q q 0 0 0 rg BT 472.08 514.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 502.61 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.49 514.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 533.15 514.10 Td (created ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.82 502.10 Td (this ) Tj ET Q q 0 0 0 rg BT 78.09 502.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 110.45 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.60 502.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 151.86 502.10 Td (is ) Tj ET Q q 0 0 0 rg BT 160.35 502.10 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 199.93 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 211.75 502.10 Td (three ) Tj ET Q q 0 0 0 rg BT 233.56 502.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 262.59 502.10 Td (that ) Tj ET Q q 0 0 0 rg BT 279.40 502.10 Td (incent ) Tj ET Q q 0 0 0 rg BT 305.66 502.10 Td (us ) Tj ET Q q 0 0 0 rg BT 316.37 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.97 502.10 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 370.57 502.10 Td (investigate ) Tj ET Q q 0 0 0 rg BT 415.71 502.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 443.63 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.78 502.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 486.15 502.10 Td (theft. ) Tj ET Q q 0 0 0 rg BT 508.80 502.10 Td (First, ) Tj ET Q q 0 0 0 rg BT 531.46 502.10 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.56 490.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 107.44 490.10 Td (of) Tj ET Q q 0 0 0 rg BT 115.59 490.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 138.47 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 150.82 490.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 176.08 490.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 221.73 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.51 490.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 304.17 490.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 353.46 490.10 Td (fewer ) Tj ET Q q 0 0 0 rg BT 378.56 490.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 415.89 490.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 454.34 490.10 Td (will ) Tj ET Q q 0 0 0 rg BT 472.24 490.10 Td (have ) Tj ET Q q 0 0 0 rg BT 493.46 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.02 490.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 554.23 490.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 95.49 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.55 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.17 478.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 177.82 478.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 212.78 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.28 478.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 259.90 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.63 478.10 Td (long ) Tj ET Q q 0 0 0 rg BT 298.69 478.10 Td (term ) Tj ET Q q 0 0 0 rg BT 320.31 478.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 371.36 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.98 478.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 406.00 478.10 Td (Second, ) Tj ET Q q 0 0 0 rg BT 441.23 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.74 478.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 480.57 478.10 Td (Program ) Tj ET Q q 0 0 0 rg BT 517.57 478.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (between ) Tj ET Q q 0 0 0 rg BT 86.23 466.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 119.70 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.84 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 145.48 466.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 178.95 466.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 215.19 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.54 466.10 Td (requirement-and ) Tj ET Q q 0 0 0 rg BT 291.54 466.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 352.76 466.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 375.68 466.10 Td (function-to ) Tj ET Q q 0 0 0 rg BT 423.03 466.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 452.04 466.10 Td (that ) Tj ET Q q 0 0 0 rg BT 469.95 466.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 498.97 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.22 466.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 543.69 466.10 Td (theft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.40 454.10 Td (thoroughly ) Tj ET Q q 0 0 0 rg BT 110.48 454.10 Td (investigated ) Tj ET Q q 0 0 0 rg BT 161.00 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.63 454.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 220.90 454.10 Td (reported. ) Tj ET Q q 0 0 0 rg BT 258.75 454.10 Td (Third, ) Tj ET Q q 0 0 0 rg BT 285.66 454.10 Td (California ) Tj ET Q q 0 0 0 rg BT 328.40 454.10 Td (statutes ) Tj ET Q q 0 0 0 rg BT 360.59 454.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 393.33 454.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 420.52 454.10 Td (remedies ) Tj ET Q q 0 0 0 rg BT 458.81 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.78 454.10 Td (victims ) Tj ET Q q 0 0 0 rg BT 500.42 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.94 454.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 543.69 454.10 Td (theft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 77.32 442.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 105.20 442.10 Td (are ) Tj ET Q q 0 0 0 rg BT 119.17 442.10 Td (not ) Tj ET Q q 0 0 0 rg BT 133.72 442.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 178.80 442.10 Td (investigated ) Tj ET Q q 0 0 0 rg BT 228.89 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 238.99 442.10 Td (were ) Tj ET Q q 0 0 0 rg BT 260.19 442.10 Td (frivolously ) Tj ET Q q 0 0 0 rg BT 305.85 442.10 Td (dismissed. ) Tj ET Q q 0 0 0 rg BT 349.57 442.10 Td (See ) Tj ET Q q 0 0 0 rg BT 365.77 442.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 389.97 442.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 446.74 442.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 479.05 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.60 442.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 528.69 442.10 Td (Default-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.29 430.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 86.03 430.10 Td (that ) Tj ET Q q 0 0 0 rg BT 103.77 430.10 Td (we ) Tj ET Q q 0 0 0 rg BT 118.18 430.10 Td (have ) Tj ET Q q 0 0 0 rg BT 139.80 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.77 430.10 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 195.28 430.10 Td (right ) Tj ET Q q 0 0 0 rg BT 216.92 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.10 430.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 262.40 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.93 430.10 Td (investigate ) Tj ET Q q 0 0 0 rg BT 319.00 430.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 347.85 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.93 430.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 392.23 430.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 413.30 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.83 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.79 430.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 485.42 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.50 430.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.57 430.10 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (creates ) Tj ET Q q 0 0 0 rg BT 80.25 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.19 418.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 131.90 418.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 164.95 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.78 418.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 207.71 418.10 Td (between ) Tj ET Q q 0 0 0 rg BT 243.53 418.10 Td (us ) Tj ET Q q 0 0 0 rg BT 254.92 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.86 418.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.69 418.10 Td (investors.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 388.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.71 388.10 Td (is ) Tj ET Q q 0 0 0 rg BT 115.24 388.10 Td (under ) Tj ET Q q 0 0 0 rg BT 140.86 388.10 Td (no ) Tj ET Q q 0 0 0 rg BT 153.71 388.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 197.12 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.75 388.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 253.91 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.20 388.10 Td (series ) Tj ET Q q 0 0 0 rg BT 286.82 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.00 388.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 324.19 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 335.37 388.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 379.32 388.10 Td (any ) Tj ET Q q 0 0 0 rg BT 396.62 388.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 425.02 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.20 388.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 462.38 388.10 Td (if ) Tj ET Q q 0 0 0 rg BT 471.34 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.64 388.10 Td (correctly ) Tj ET Q q 0 0 0 rg BT 517.02 388.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 82.30 376.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 110.71 376.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 129.68 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.20 376.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 182.03 376.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 211.54 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.51 376.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 251.13 376.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 276.77 376.10 Td (on ) Tj ET Q q 0 0 0 rg BT 288.52 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.70 376.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 334.77 376.10 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 359.57 376.10 Td (In ) Tj ET Q q 0 0 0 rg BT 369.64 376.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 406.67 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.63 376.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 452.36 376.10 Td (described ) Tj ET Q q 0 0 0 rg BT 492.43 376.10 Td (above ) Tj ET Q q 0 0 0 rg BT 518.05 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 531.46 376.10 Td (identity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 71.23 364.10 Td (with ) Tj ET Q q 0 0 0 rg BT 91.90 364.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 123.12 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.80 364.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 160.03 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.37 364.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 218.59 364.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 245.93 364.10 Td (only ) Tj ET Q q 0 0 0 rg BT 266.61 364.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 303.95 364.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 347.39 364.10 Td (against ) Tj ET Q q 0 0 0 rg BT 378.61 364.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 412.07 364.10 Td (theft; ) Tj ET Q q 0 0 0 rg BT 436.07 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.75 364.10 Td (no ) Tj ET Q q 0 0 0 rg BT 459.65 364.10 Td (way ) Tj ET Q q 0 0 0 rg BT 479.21 364.10 Td (is ) Tj ET Q q 0 0 0 rg BT 488.78 364.10 Td (it ) Tj ET Q q 0 0 0 rg BT 497.24 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.58 364.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 546.34 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.57 364.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 93.97 352.10 Td (self-reported ) Tj ET Q q 0 0 0 rg BT 146.68 352.10 Td (information ) Tj ET Q q 0 0 0 rg BT 195.52 352.10 Td (\(beyond ) Tj ET Q q 0 0 0 rg BT 229.92 352.10 Td (identity\) ) Tj ET Q q 0 0 0 rg BT 265.43 352.10 Td (or ) Tj ET Q q 0 0 0 rg BT 275.38 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.45 352.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 325.42 352.10 Td (creditworthiness. ) Tj ET Q q 0 0 0 rg BT 395.64 352.10 Td (See ) Tj ET Q q 0 0 0 rg BT 411.71 352.10 Td ("Item ) Tj ET Q q 0 0 0 rg BT 435.74 352.10 Td (1A. ) Tj ET Q q 0 0 0 rg BT 452.09 352.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 472.06 352.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 528.69 352.10 Td (Inherent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.46 340.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 98.36 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.83 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.73 340.10 Td (Notes-PFL) Tj ET Q q 0 0 0 rg BT 165.25 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.93 340.10 Td (is ) Tj ET Q q 0 0 0 rg BT 175.29 340.10 Td (not ) Tj ET Q q 0 0 0 rg BT 189.75 340.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 228.65 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.11 340.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 280.90 340.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.02 340.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 308.14 340.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 335.38 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 345.39 340.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 390.38 340.10 Td (any ) Tj ET Q q 0 0 0 rg BT 406.50 340.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 431.52 340.10 Td (except ) Tj ET Q q 0 0 0 rg BT 459.30 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.76 340.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 498.77 340.10 Td (circumstances." ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.33 328.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 101.79 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.49 328.10 Td (incidence ) Tj ET Q q 0 0 0 rg BT 157.27 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.08 328.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 201.10 328.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 224.68 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.93 328.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.73 328.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 302.07 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.32 328.10 Td (be ) Tj ET Q q 0 0 0 rg BT 324.23 328.10 Td (low ) Tj ET Q q 0 0 0 rg BT 341.71 328.10 Td (because ) Tj ET Q q 0 0 0 rg BT 375.83 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.63 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.32 328.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 434.35 328.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 482.91 328.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 517.88 328.10 Td (From ) Tj ET Q q 0 0 0 rg BT 542.02 328.10 Td (2006 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.19 316.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 126.38 316.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.38 316.10 Td (, ) Tj ET Q q 0 0 0 rg BT 150.96 316.10 Td (we ) Tj ET Q q 0 0 0 rg BT 164.70 316.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 215.09 316.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 247.72 316.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 270.91 316.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 294.09 316.10 Td (af) Tj ET Q q 0 0 0 rg BT 301.68 316.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 331.52 316.10 Td (133 ) Tj ET Q q 0 0 0 rg BT 348.61 316.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 389.01 316.10 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 418.04 316.10 Td (In ) Tj ET Q q 0 0 0 rg BT 428.45 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.75 316.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 465.93 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.35 316.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 508.98 316.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 529.39 316.10 Td (we ) Tj ET Q q 0 0 0 rg BT 543.14 316.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (experienced, ) Tj ET Q q 0 0 0 rg BT 103.53 304.10 Td (we ) Tj ET Q q 0 0 0 rg BT 117.91 304.10 Td (received ) Tj ET Q q 0 0 0 rg BT 154.50 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.67 304.10 Td (police ) Tj ET Q q 0 0 0 rg BT 188.83 304.10 Td (report ) Tj ET Q q 0 0 0 rg BT 215.43 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.59 304.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 265.87 304.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 286.92 304.10 Td (af) Tj ET Q q 0 0 0 rg BT 294.51 304.10 Td (fidavit ) Tj ET Q q 0 0 0 rg BT 323.34 304.10 Td (from ) Tj ET Q q 0 0 0 rg BT 345.50 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.45 304.10 Td (victim ) Tj ET Q q 0 0 0 rg BT 388.73 304.10 Td (evidencing ) Tj ET Q q 0 0 0 rg BT 435.32 304.10 Td (that ) Tj ET Q q 0 0 0 rg BT 453.04 304.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 486.32 304.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 507.37 304.10 Td (had ) Tj ET Q q 0 0 0 rg BT 524.54 304.10 Td (occurred. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 78.06 292.10 Td (note ) Tj ET Q q 0 0 0 rg BT 97.79 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 115.30 292.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 155.03 292.10 Td (data ) Tj ET Q q 0 0 0 rg BT 174.19 292.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 215.02 292.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 255.86 292.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 282.81 292.10 Td (may ) Tj ET Q q 0 0 0 rg BT 302.54 292.10 Td (not ) Tj ET Q q 0 0 0 rg BT 317.83 292.10 Td (be ) Tj ET Q q 0 0 0 rg BT 329.78 292.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 371.73 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.57 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.30 292.10 Td (future ) Tj ET Q q 0 0 0 rg BT 423.69 292.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 483.39 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.24 292.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 535.07 292.10 Td (Loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (See ) Tj ET Q q 0 0 0 rg BT 66.94 280.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 91.86 280.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 149.36 280.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 182.40 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.68 280.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 209.54 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.04 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.98 280.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 251.76 280.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 269.81 280.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 322.29 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.22 280.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 356.72 280.10 Td (Ability ) Tj ET Q q 0 0 0 rg BT 387.56 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.84 280.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 430.32 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.04 280.10 Td (Notes" ) Tj ET Q q 0 0 0 rg BT 474.95 280.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.11 280.10 Td (more ) Tj ET Q q 0 0 0 rg BT 512.16 280.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 250.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 113.95 250.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 139.84 250.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 175.01 250.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 223.52 250.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 272.01 250.10 Td (with ) Tj ET Q q 0 0 0 rg BT 292.75 250.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 331.82 250.10 Td (who ) Tj ET Q q 0 0 0 rg BT 352.00 250.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 397.16 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.89 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.07 250.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 445.47 250.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 484.26 250.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 501.12 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.08 250.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 547.57 250.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 87.43 238.10 Td (that ) Tj ET Q q 0 0 0 rg BT 105.42 238.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 117.86 238.10 Td (if ) Tj ET Q q 0 0 0 rg BT 126.97 238.10 Td (an ) Tj ET Q q 0 0 0 rg BT 139.41 238.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 174.62 238.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 194.84 238.10 Td (an ) Tj ET Q q 0 0 0 rg BT 207.28 238.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 251.93 238.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 285.49 238.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 304.04 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 315.37 238.10 Td (order ) Tj ET Q q 0 0 0 rg BT 339.47 238.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 381.34 238.10 Td (service ) Tj ET Q q 0 0 0 rg BT 412.66 238.10 Td (of) Tj ET Q q 0 0 0 rg BT 420.81 238.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 444.34 238.10 Td (by ) Tj ET Q q 0 0 0 rg BT 457.34 238.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 480.08 238.10 Td (such ) Tj ET Q q 0 0 0 rg BT 501.40 238.10 Td (as ) Tj ET Q q 0 0 0 rg BT 512.07 238.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 535.07 238.10 Td (Invest, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 76.90 226.10 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 105.75 226.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 128.21 226.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 155.10 226.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 182.00 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 192.79 226.10 Td (Premier) Tj ET Q q 0 0 0 rg BT 224.04 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 229.00 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.23 226.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 272.80 226.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 298.58 226.10 Td (for ) Tj ET Q q 0 0 0 rg BT 312.70 226.10 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 353.20 226.10 Td (each ) Tj ET Q q 0 0 0 rg BT 373.97 226.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 395.86 226.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 438.86 226.10 Td (will ) Tj ET Q q 0 0 0 rg BT 456.87 226.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 493.21 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.44 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.12 226.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 81.04 214.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 119.31 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 132.04 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.99 214.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 181.93 214.10 Td (through ) Tj ET Q q 0 0 0 rg BT 215.77 214.10 Td (such ) Tj ET Q q 0 0 0 rg BT 236.83 214.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 255.11 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.17 214.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 299.72 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.88 214.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 331.83 214.10 Td (each ) Tj ET Q q 0 0 0 rg BT 352.87 214.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 375.04 214.10 Td (that ) Tj ET Q q 0 0 0 rg BT 392.76 214.10 Td (an ) Tj ET Q q 0 0 0 rg BT 404.93 214.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 439.88 214.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 482.03 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 504.20 214.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 521.06 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.79 214.10 Td (will ) Tj ET Q q 0 0 0 rg BT 542.07 214.10 Td (be ) Tj ET Q q 0 0 0 rg BT 554.24 214.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.36 202.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 102.05 202.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 134.19 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.67 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.03 202.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 173.96 202.10 Td (such ) Tj ET Q q 0 0 0 rg BT 194.43 202.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 228.79 202.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 257.03 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.62 202.10 Td (will ) Tj ET Q q 0 0 0 rg BT 291.32 202.10 Td (correspond ) Tj ET Q q 0 0 0 rg BT 337.90 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.82 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.18 202.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 402.65 202.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 425.34 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 437.49 202.10 Td (which ) Tj ET Q q 0 0 0 rg BT 464.07 202.10 Td (such ) Tj ET Q q 0 0 0 rg BT 484.55 202.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 518.91 202.10 Td (bid. ) Tj ET Q q 0 0 0 rg BT 536.34 202.10 Td (If ) Tj ET Q q 0 0 0 rg BT 545.14 202.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.00 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 87.76 190.10 Td (either ) Tj ET Q q 0 0 0 rg BT 113.31 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.43 190.10 Td (these ) Tj ET Q q 0 0 0 rg BT 147.76 190.10 Td (representations ) Tj ET Q q 0 0 0 rg BT 211.08 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.30 190.10 Td (warranties ) Tj ET Q q 0 0 0 rg BT 272.73 190.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 292.46 190.10 Td (as ) Tj ET Q q 0 0 0 rg BT 303.57 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.80 190.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 338.30 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.30 190.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 375.52 190.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 394.98 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.54 190.10 Td (an ) Tj ET Q q 0 0 0 rg BT 417.77 190.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 452.77 190.10 Td (is ) Tj ET Q q 0 0 0 rg BT 462.23 190.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 505.55 190.10 Td (dif) Tj ET Q q 0 0 0 rg BT 516.48 190.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 542.58 190.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.48 178.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 86.19 178.10 Td (that ) Tj ET Q q 0 0 0 rg BT 103.45 178.10 Td (would ) Tj ET Q q 0 0 0 rg BT 130.72 178.10 Td (have ) Tj ET Q q 0 0 0 rg BT 151.86 178.10 Td (been ) Tj ET Q q 0 0 0 rg BT 173.01 178.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 191.94 178.10 Td (had ) Tj ET Q q 0 0 0 rg BT 208.65 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.13 178.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 252.05 178.10 Td (not ) Tj ET Q q 0 0 0 rg BT 267.09 178.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 304.33 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 314.93 178.10 Td (if ) Tj ET Q q 0 0 0 rg BT 323.31 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.79 178.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 372.27 178.10 Td (would ) Tj ET Q q 0 0 0 rg BT 399.54 178.10 Td (not ) Tj ET Q q 0 0 0 rg BT 414.59 178.10 Td (have ) Tj ET Q q 0 0 0 rg BT 435.73 178.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 478.54 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.02 178.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 514.72 178.10 Td (at ) Tj ET Q q 0 0 0 rg BT 524.21 178.10 Td (all ) Tj ET Q q 0 0 0 rg BT 536.47 178.10 Td (absent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.59 166.10 Td (breach, ) Tj ET Q q 0 0 0 rg BT 102.00 166.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 118.87 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.13 166.10 Td (will, ) Tj ET Q q 0 0 0 rg BT 141.45 166.10 Td (at ) Tj ET Q q 0 0 0 rg BT 150.93 166.10 Td (its ) Tj ET Q q 0 0 0 rg BT 162.65 166.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 181.02 166.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 211.34 166.10 Td (either ) Tj ET Q q 0 0 0 rg BT 236.37 166.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 279.74 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.22 166.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 328.70 166.10 Td (from ) Tj ET Q q 0 0 0 rg BT 350.40 166.10 Td (any ) Tj ET Q q 0 0 0 rg BT 367.11 166.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 393.26 166.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 430.52 166.10 Td (from ) Tj ET Q q 0 0 0 rg BT 452.22 166.10 Td (such ) Tj ET Q q 0 0 0 rg BT 472.82 166.10 Td (breach, ) Tj ET Q q 0 0 0 rg BT 504.23 166.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 549.80 166.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.80 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 82.49 154.10 Td (cure ) Tj ET Q q 0 0 0 rg BT 102.05 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.63 154.10 Td (breach, ) Tj ET Q q 0 0 0 rg BT 148.13 154.10 Td (if ) Tj ET Q q 0 0 0 rg BT 156.60 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.17 154.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 200.18 154.10 Td (is ) Tj ET Q q 0 0 0 rg BT 209.20 154.10 Td (susceptible ) Tj ET Q q 0 0 0 rg BT 256.00 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.13 154.10 Td (cure. ) Tj ET Q q 0 0 0 rg BT 288.20 154.10 Td (If ) Tj ET Q q 0 0 0 rg BT 297.22 154.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 314.08 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.44 154.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 353.77 154.10 Td (any ) Tj ET Q q 0 0 0 rg BT 370.57 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.25 154.10 Td (its ) Tj ET Q q 0 0 0 rg BT 393.06 154.10 Td (other ) Tj ET Q q 0 0 0 rg BT 415.97 154.10 Td (representations ) Tj ET Q q 0 0 0 rg BT 478.86 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.65 154.10 Td (warranties ) Tj ET Q q 0 0 0 rg BT 539.66 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 154.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 84.90 142.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 133.12 142.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 177.44 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.56 142.10 Td (such ) Tj ET Q q 0 0 0 rg BT 215.57 142.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 244.89 142.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 288.11 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.23 142.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 346.22 142.10 Td (af) Tj ET Q q 0 0 0 rg BT 353.81 142.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 375.37 142.10 Td (an ) Tj ET Q q 0 0 0 rg BT 387.48 142.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 428.07 142.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 460.19 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.65 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.76 142.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 502.38 142.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 519.24 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 521.92 142.10 Td (will, ) Tj ET Q q 0 0 0 rg BT 542.66 142.10 Td (at ) Tj ET Q q 0 0 0 rg BT 552.55 142.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 68.48 130.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 98.91 130.10 Td (either ) Tj ET Q q 0 0 0 rg BT 124.04 130.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 167.51 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.10 130.10 Td (investor) Tj ET Q q 0 0 0 rg BT 213.92 130.10 Td (, ) Tj ET Q q 0 0 0 rg BT 218.79 130.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 264.47 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.05 130.10 Td (af) Tj ET Q q 0 0 0 rg BT 286.64 130.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 313.44 130.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 335.24 130.10 Td (from ) Tj ET Q q 0 0 0 rg BT 357.05 130.10 Td (such ) Tj ET Q q 0 0 0 rg BT 377.75 130.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 412.34 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.04 130.10 Td (cure ) Tj ET Q q 0 0 0 rg BT 442.62 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.21 130.10 Td (breach. ) Tj ET Q q 0 0 0 rg BT 488.55 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 506.47 130.10 Td (determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 118.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 95.54 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.48 118.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 131.62 118.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.79 118.10 Td (susceptible ) Tj ET Q q 0 0 0 rg BT 187.72 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.00 118.10 Td (cure ) Tj ET Q q 0 0 0 rg BT 217.71 118.10 Td (is ) Tj ET Q q 0 0 0 rg BT 226.88 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.16 118.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 262.58 118.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 281.19 118.10 Td (discretion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 103.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (Calculation ) Tj ET Q q 0 0 0 rg BT 100.84 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.67 88.10 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 163.07 88.10 Td (Price ) Tj ET Q q 0 0 0 rg BT 187.22 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.28 88.10 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 274.46 88.10 Td (Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 73.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.24 58.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 112.10 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.69 58.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 140.03 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.39 58.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 196.28 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.30 58.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 225.33 58.10 Td (or ) Tj ET Q q 0 0 0 rg BT 236.24 58.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 277.14 58.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 300.27 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.63 58.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 357.09 58.10 Td (with ) Tj ET Q q 0 0 0 rg BT 377.45 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.47 58.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 430.36 58.10 Td (event ) Tj ET Q q 0 0 0 rg BT 454.60 58.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.51 58.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 494.74 58.10 Td (described ) Tj ET Q q 0 0 0 rg BT 535.64 58.10 Td (above, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.56 46.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 110.22 46.10 Td (price ) Tj ET Q q 0 0 0 rg BT 132.55 46.10 Td (will ) Tj ET Q q 0 0 0 rg BT 150.46 46.10 Td (be ) Tj ET Q q 0 0 0 rg BT 162.24 46.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 186.24 46.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.37 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.93 46.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 248.82 46.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 281.17 46.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 330.18 46.10 Td (on ) Tj ET Q q 0 0 0 rg BT 342.53 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.09 46.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 378.88 46.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.56 46.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 430.22 46.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 453.12 46.10 Td (as ) Tj ET Q q 0 0 0 rg BT 463.80 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.47 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.04 46.10 Td (date ) Tj ET Q q 0 0 0 rg BT 508.04 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.72 46.10 Td (repurchase ) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.98 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 85.09 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 100.41 742.10 Td (include ) Tj ET Q q 0 0 0 rg BT 132.39 742.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 166.02 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.01 742.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 212.77 742.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 247.25 742.10 Td (If ) Tj ET Q q 0 0 0 rg BT 256.46 742.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 273.32 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.86 742.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 301.17 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.50 742.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 344.59 742.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 410.45 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.78 742.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 467.20 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 487.52 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.51 742.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 540.36 742.10 Td (event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.17 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.23 730.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 105.72 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.89 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 124.17 730.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 183.65 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 194.82 730.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 233.20 730.10 Td (under ) Tj ET Q q 0 0 0 rg BT 258.81 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.87 730.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 308.93 730.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 357.31 730.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 401.80 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.30 730.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 438.58 730.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 474.75 730.10 Td (participants, ) Tj ET Q q 0 0 0 rg BT 526.74 730.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 543.60 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.44 730.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.30 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 77.27 718.10 Td (required ) Tj ET Q q 0 0 0 rg BT 113.11 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.41 718.10 Td (take ) Tj ET Q q 0 0 0 rg BT 142.60 718.10 Td (any ) Tj ET Q q 0 0 0 rg BT 159.56 718.10 Td (action ) Tj ET Q q 0 0 0 rg BT 186.52 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 206.82 718.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 237.66 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.97 718.10 Td (any ) Tj ET Q q 0 0 0 rg BT 264.93 718.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 291.35 718.10 Td (suf) Tj ET Q q 0 0 0 rg BT 303.39 718.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 326.45 718.10 Td (until ) Tj ET Q q 0 0 0 rg BT 347.32 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.06 718.10 Td (af) Tj ET Q q 0 0 0 rg BT 369.65 718.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 396.60 718.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 418.56 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 427.76 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 437.50 718.10 Td (least ) Tj ET Q q 0 0 0 rg BT 458.35 718.10 Td (one ) Tj ET Q q 0 0 0 rg BT 475.31 718.10 Td (hundred ) Tj ET Q q 0 0 0 rg BT 510.61 718.10 Td (twenty ) Tj ET Q q 0 0 0 rg BT 540.35 718.10 Td (\(120\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (days ) Tj ET Q q 0 0 0 rg BT 70.93 706.10 Td (past ) Tj ET Q q 0 0 0 rg BT 89.63 706.10 Td (due. ) Tj ET Q q 0 0 0 rg BT 109.17 706.10 Td (For ) Tj ET Q q 0 0 0 rg BT 125.66 706.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 163.80 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.73 706.10 Td (indemnification, ) Tj ET Q q 0 0 0 rg BT 243.14 706.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 260.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.60 706.10 Td (will ) Tj ET Q q 0 0 0 rg BT 280.75 706.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 318.88 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.69 706.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 360.18 706.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 397.77 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 419.81 706.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 471.84 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.76 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.80 706.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 511.83 706.10 Td (based ) Tj ET Q q 0 0 0 rg BT 537.20 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 87.42 694.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 119.29 694.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 167.83 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 179.70 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.79 694.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 217.61 694.10 Td (If ) Tj ET Q q 0 0 0 rg BT 226.14 694.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 243.00 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.88 694.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 272.30 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 283.61 694.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 348.80 694.10 Td (payment, ) Tj ET Q q 0 0 0 rg BT 387.61 694.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 404.47 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.35 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 423.78 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 435.09 694.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 466.96 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.61 694.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 501.25 694.10 Td (any ) Tj ET Q q 0 0 0 rg BT 517.56 694.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 93.58 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 111.08 682.10 Td (it ) Tj ET Q q 0 0 0 rg BT 119.14 682.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 154.39 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.89 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.61 682.10 Td (af) Tj ET Q q 0 0 0 rg BT 189.19 682.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 216.12 682.10 Td (Note.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.82 652.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 77.30 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 90.37 652.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 111.76 652.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 168.71 652.10 Td (Rights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (If ) Tj ET Q q 0 0 0 rg BT 97.56 622.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 114.42 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.31 622.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 171.41 622.10 Td (any ) Tj ET Q q 0 0 0 rg BT 190.74 622.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 221.47 622.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 244.15 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 264.60 622.10 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 320.03 622.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 368.23 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.35 622.10 Td (related ) Tj ET Q q 0 0 0 rg BT 417.44 622.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 440.12 622.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 497.22 622.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 528.24 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.79 622.10 Td (zero ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (consideration.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (Historical ) Tj ET Q q 0 0 0 rg BT 94.71 580.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 152.73 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.56 580.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 183.93 580.10 Td (ower) Tj ET Q q 0 0 0 rg BT 204.85 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.35 580.10 Td (Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.09 550.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 157.17 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.04 550.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 208.91 550.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 235.90 550.10 Td (is ) Tj ET Q q 0 0 0 rg BT 245.12 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 252.10 550.10 Td (function ) Tj ET Q q 0 0 0 rg BT 287.97 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.85 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.62 550.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 338.93 550.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 369.25 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.13 550.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 423.22 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.20 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.97 550.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 472.52 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.50 550.10 Td (return ) Tj ET Q q 0 0 0 rg BT 515.93 550.10 Td (preferences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.49 538.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 101.26 538.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 140.09 538.10 Td (can ) Tj ET Q q 0 0 0 rg BT 156.13 538.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 186.06 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.00 538.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 224.82 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.43 538.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 261.35 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.85 538.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 304.57 538.10 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 346.99 538.10 Td (including ) Tj ET Q q 0 0 0 rg BT 386.93 538.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 426.86 538.10 Td (that ) Tj ET Q q 0 0 0 rg BT 444.01 538.10 Td (may ) Tj ET Q q 0 0 0 rg BT 463.39 538.10 Td (or ) Tj ET Q q 0 0 0 rg BT 473.89 538.10 Td (may ) Tj ET Q q 0 0 0 rg BT 493.27 538.10 Td (not ) Tj ET Q q 0 0 0 rg BT 508.21 538.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 549.80 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (return ) Tj ET Q q 0 0 0 rg BT 76.97 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 90.07 526.10 Td (their ) Tj ET Q q 0 0 0 rg BT 111.49 526.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 160.74 526.10 Td (When ) Tj ET Q q 0 0 0 rg BT 187.71 526.10 Td (making ) Tj ET Q q 0 0 0 rg BT 220.80 526.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 274.44 526.10 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 317.25 526.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 356.46 526.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 393.43 526.10 Td (borrowers' ) Tj ET Q q 0 0 0 rg BT 438.87 526.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 472.51 526.10 Td (Ratings, ) Tj ET Q q 0 0 0 rg BT 508.67 526.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.52 526.10 Td (scores, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 113.38 514.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 137.89 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.61 514.10 Td (other ) Tj ET Q q 0 0 0 rg BT 177.45 514.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 202.50 514.10 Td (data ) Tj ET Q q 0 0 0 rg BT 221.45 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.18 514.10 Td (information ) Tj ET Q q 0 0 0 rg BT 287.68 514.10 Td (displayed ) Tj ET Q q 0 0 0 rg BT 328.30 514.10 Td (with ) Tj ET Q q 0 0 0 rg BT 348.36 514.10 Td (listings. ) Tj ET Q q 0 0 0 rg BT 382.05 514.10 Td (See ) Tj ET Q q 0 0 0 rg BT 398.78 514.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 423.49 514.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 480.78 514.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 513.61 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.68 514.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Default.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 472.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.53 472.10 Td (graph ) Tj ET Q q 0 0 0 rg BT 130.28 472.10 Td (below ) Tj ET Q q 0 0 0 rg BT 157.70 472.10 Td (displays ) Tj ET Q q 0 0 0 rg BT 193.46 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.66 472.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 239.41 472.10 Td (level ) Tj ET Q q 0 0 0 rg BT 261.82 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.14 472.10 Td (delinquency ) Tj ET Q q 0 0 0 rg BT 324.99 472.10 Td (for ) Tj ET Q q 0 0 0 rg BT 339.63 472.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 380.94 472.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 410.86 472.10 Td (collectively) Tj ET Q q 0 0 0 rg BT 456.85 472.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.33 472.10 Td (on ) Tj ET Q q 0 0 0 rg BT 475.32 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 482.74 472.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 519.58 472.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 542.57 472.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (August ) Tj ET Q q 0 0 0 rg BT 81.26 460.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 103.64 460.10 Td (through ) Tj ET Q q 0 0 0 rg BT 137.12 460.10 Td (March ) Tj ET Q q 0 0 0 rg BT 165.59 460.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 190.29 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 208.21 460.10 Td (horizontal ) Tj ET Q q 0 0 0 rg BT 251.12 460.10 Td (axis ) Tj ET Q q 0 0 0 rg BT 269.60 460.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 296.98 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.57 460.10 Td (month ) Tj ET Q q 0 0 0 rg BT 339.50 460.10 Td (during ) Tj ET Q q 0 0 0 rg BT 367.98 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.56 460.10 Td (period ) Tj ET Q q 0 0 0 rg BT 410.48 460.10 Td (covered, ) Tj ET Q q 0 0 0 rg BT 447.00 460.10 Td (while ) Tj ET Q q 0 0 0 rg BT 471.59 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.18 460.10 Td (vertical ) Tj ET Q q 0 0 0 rg BT 518.53 460.10 Td (axis ) Tj ET Q q 0 0 0 rg BT 537.01 460.10 Td (shows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.15 448.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 111.39 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.66 448.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 163.91 448.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 191.29 448.10 Td (that ) Tj ET Q q 0 0 0 rg BT 209.22 448.10 Td (were ) Tj ET Q q 0 0 0 rg BT 231.58 448.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 276.73 448.10 Td (during ) Tj ET Q q 0 0 0 rg BT 305.77 448.10 Td (that ) Tj ET Q q 0 0 0 rg BT 323.71 448.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 354.48 448.10 Td (The ) Tj ET Q q 0 0 0 rg BT 372.96 448.10 Td (delinquencies ) Tj ET Q q 0 0 0 rg BT 430.88 448.10 Td (are ) Tj ET Q q 0 0 0 rg BT 446.02 448.10 Td (grouped ) Tj ET Q q 0 0 0 rg BT 481.72 448.10 Td (into ) Tj ET Q q 0 0 0 rg BT 500.22 448.10 Td (two ) Tj ET Q q 0 0 0 rg BT 518.15 448.10 Td (categories-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.75 436.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 117.63 436.10 Td (that ) Tj ET Q q 0 0 0 rg BT 135.06 436.10 Td (have ) Tj ET Q q 0 0 0 rg BT 156.37 436.10 Td (been ) Tj ET Q q 0 0 0 rg BT 177.68 436.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 222.32 436.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.42 436.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 248.85 436.10 Td (days ) Tj ET Q q 0 0 0 rg BT 269.62 436.10 Td (or ) Tj ET Q q 0 0 0 rg BT 280.38 436.10 Td (less ) Tj ET Q q 0 0 0 rg BT 297.81 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.69 436.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 355.44 436.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 382.31 436.10 Td (that ) Tj ET Q q 0 0 0 rg BT 399.74 436.10 Td (have ) Tj ET Q q 0 0 0 rg BT 421.05 436.10 Td (been ) Tj ET Q q 0 0 0 rg BT 442.37 436.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 487.01 436.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.11 436.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 513.54 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.75 436.10 Td (120 ) Tj ET Q q 0 0 0 rg BT 541.19 436.10 Td (days. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 70.65 424.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 109.61 424.10 Td (for ) Tj ET Q q 0 0 0 rg BT 123.03 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.00 424.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 173.75 424.10 Td (on ) Tj ET Q q 0 0 0 rg BT 185.50 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.69 424.10 Td (vintage ) Tj ET Q q 0 0 0 rg BT 222.88 424.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 244.64 424.10 Td (may ) Tj ET Q q 0 0 0 rg BT 263.61 424.10 Td (be ) Tj ET Q q 0 0 0 rg BT 274.80 424.10 Td (found ) Tj ET Q q 0 0 0 rg BT 299.89 424.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.42 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.39 424.10 Td (section ) Tj ET Q q 0 0 0 rg BT 353.47 424.10 Td ("Comparing ) Tj ET Q q 0 0 0 rg BT 404.30 424.10 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 446.05 424.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 466.69 424.10 Td (Rates ) Tj ET Q q 0 0 0 rg BT 490.66 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.81 424.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 528.22 424.10 Td (Losses".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 394.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 114.29 394.10 Td (note ) Tj ET Q q 0 0 0 rg BT 134.25 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 152.00 394.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 194.74 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.26 394.10 Td (November ) Tj ET Q q 0 0 0 rg BT 250.21 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.29 394.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 284.03 394.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 317.33 394.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 372.28 394.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 407.24 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.76 394.10 Td (its ) Tj ET Q q 0 0 0 rg BT 429.95 394.10 Td (site ) Tj ET Q q 0 0 0 rg BT 446.59 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 464.33 394.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 504.83 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.79 394.10 Td (proportion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.59 382.10 Td (newly ) Tj ET Q q 0 0 0 rg BT 87.29 382.10 Td (booked ) Tj ET Q q 0 0 0 rg BT 119.00 382.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 138.48 382.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 181.29 382.10 Td (opting ) Tj ET Q q 0 0 0 rg BT 209.11 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.15 382.10 Td (make ) Tj ET Q q 0 0 0 rg BT 243.07 382.10 Td (manual ) Tj ET Q q 0 0 0 rg BT 274.76 382.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 300.34 382.10 Td (than ) Tj ET Q q 0 0 0 rg BT 319.82 382.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 338.80 382.10 Td (ACH ) Tj ET Q q 0 0 0 rg BT 362.18 382.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 405.10 382.10 Td (The ) Tj ET Q q 0 0 0 rg BT 422.91 382.10 Td (result ) Tj ET Q q 0 0 0 rg BT 447.39 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.99 382.10 Td (these ) Tj ET Q q 0 0 0 rg BT 480.80 382.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 515.27 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 524.20 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 541.46 382.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 93.33 370.10 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 142.76 370.10 Td (end ) Tj ET Q q 0 0 0 rg BT 159.98 370.10 Td (up ) Tj ET Q q 0 0 0 rg BT 172.76 370.10 Td (1-15 ) Tj ET Q q 0 0 0 rg BT 193.88 370.10 Td (days ) Tj ET Q q 0 0 0 rg BT 214.99 370.10 Td (past ) Tj ET Q q 0 0 0 rg BT 233.88 370.10 Td (due. ) Tj ET Q q 0 0 0 rg BT 255.90 370.10 Td (This ) Tj ET Q q 0 0 0 rg BT 276.46 370.10 Td (change ) Tj ET Q q 0 0 0 rg BT 307.56 370.10 Td (also ) Tj ET Q q 0 0 0 rg BT 326.45 370.10 Td (means ) Tj ET Q q 0 0 0 rg BT 354.78 370.10 Td (that ) Tj ET Q q 0 0 0 rg BT 372.55 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.55 370.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 424.77 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.88 370.10 Td (DPD ) Tj ET Q q 0 0 0 rg BT 458.67 370.10 Td (1-30 ) Tj ET Q q 0 0 0 rg BT 479.78 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.34 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.34 370.10 Td (chart ) Tj ET Q q 0 0 0 rg BT 528.11 370.10 Td (below ) Tj ET Q q 0 0 0 rg BT 555.33 370.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 358.10 Td (perfectly ) Tj ET Q q 0 0 0 rg BT 103.31 358.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 152.45 358.10 Td (between ) Tj ET Q q 0 0 0 rg BT 188.27 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.98 358.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 234.92 358.10 Td (pre ) Tj ET Q q 0 0 0 rg BT 250.19 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.13 358.10 Td (post ) Tj ET Q q 0 0 0 rg BT 286.30 358.10 Td (November ) Tj ET Q q 0 0 0 rg BT 331.01 358.10 Td (2015. ) Tj ET Q /GS0 gs q 512.00 0 0 260.50 50.00 74.61 cm /I23 Do Q BT /F1 10.00 Tf ET endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.77 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 144.88 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 166.54 742.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 201.53 742.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 247.61 742.10 Td (information ) Tj ET Q q 0 0 0 rg BT 297.05 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 307.60 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.16 742.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 361.48 742.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.48 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.20 742.10 Td (grouped ) Tj ET Q q 0 0 0 rg BT 421.19 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 433.42 742.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 466.19 742.10 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 497.58 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 511.46 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 523.68 742.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 78.37 730.10 Td (collectively) Tj ET Q q 0 0 0 rg BT 124.37 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 128.30 730.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 170.27 730.10 Td (through ) Tj ET Q q 0 0 0 rg BT 202.81 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 217.57 730.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 267.86 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 288.73 730.10 Td (July ) Tj ET Q q 0 0 0 rg BT 306.83 730.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 320.76 730.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 342.19 730.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.73 730.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 417.26 730.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.26 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 441.08 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 458.06 730.10 Td (table ) Tj ET Q q 0 0 0 rg BT 478.92 730.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 514.79 730.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 91.71 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.32 718.10 Td (total ) Tj ET Q q 0 0 0 rg BT 128.48 718.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 161.87 718.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 205.81 718.10 Td (through ) Tj ET Q q 0 0 0 rg BT 240.31 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.03 718.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 311.78 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.39 718.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 360.78 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.50 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 394.22 718.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 435.93 718.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 463.77 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 482.15 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 497.75 718.10 Td (current, ) Tj ET Q q 0 0 0 rg BT 531.96 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (number ) Tj ET Q q 0 0 0 rg BT 82.47 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.73 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 112.99 706.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 153.24 706.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 179.60 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 196.53 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 210.66 706.10 Td (1-30 ) Tj ET Q q 0 0 0 rg BT 230.92 706.10 Td (days ) Tj ET Q q 0 0 0 rg BT 251.18 706.10 Td (past ) Tj ET Q q 0 0 0 rg BT 269.21 706.10 Td (due. ) Tj ET Q q 0 0 0 rg BT 287.94 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 296.98 706.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 309.46 706.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 339.71 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.41 706.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 393.55 706.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 433.80 706.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 462.67 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.81 706.10 Td (table ) Tj ET Q q 0 0 0 rg BT 498.17 706.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 525.10 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.25 706.10 Td (entire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.50 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.33 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.04 694.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 146.08 694.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 189.13 694.10 Td (due ) Tj ET Q q 0 0 0 rg BT 206.06 694.10 Td (\(not ) Tj ET Q q 0 0 0 rg BT 224.67 694.10 Td (just ) Tj ET Q q 0 0 0 rg BT 241.62 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 259.12 694.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 299.93 694.10 Td (payment\) ) Tj ET Q q 0 0 0 rg BT 340.19 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 351.02 694.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.85 694.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 405.45 694.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.45 694.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.75 664.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 265.12 664.10 Td (ower) Tj ET Q q 0 0 0 rg BT 286.03 664.10 Td ( Loan Originations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.95 649.10 Td (July 13, 2009 - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.45 649.10 Td (March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.05 649.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 259.90 634.10 Td (\(as of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 284.90 634.10 Td (Mar) Tj ET Q q 0 0 0 rg BT 301.75 634.10 Td (ch31, 2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 348.69 634.10 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.15 619.10 Td (\(in thousands, except for number amounts\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 569.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 117.50 569.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 569.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 569.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 569.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 569.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 569.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 569.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 569.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 539.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 117.50 539.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 539.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 539.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 539.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 539.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 539.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 539.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 539.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 509.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 117.50 509.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 509.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 509.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 509.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 509.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 509.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 509.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 509.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 479.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 117.50 479.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 479.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 479.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 479.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 479.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 479.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 479.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 479.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 449.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 117.50 449.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 449.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 449.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 449.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 449.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 449.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 449.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 449.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 590.6 m 162.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162.5 590.6 m 166.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 590.6 m 221.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 590.6 m 270.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 590.6 m 274.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 590.6 m 335.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 590.6 m 339.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 590.6 m 394.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 590.6 m 443.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 590.6 m 447.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 590.6 m 502.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 590.6 m 506.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 590.6 m 561.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 569.6 m 162.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 569.6 m 221.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 569.6 m 270.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 569.6 m 335.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 569.6 m 394.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 569.6 m 443.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 569.6 m 502.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 569.6 m 561.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 569.6 m 162.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 569.6 m 221.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 569.6 m 270.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 569.6 m 335.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 569.6 m 394.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 569.6 m 443.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 569.6 m 502.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 569.6 m 561.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 464.6 m 162.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 464.6 m 221.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 464.6 m 270.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 464.6 m 335.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 464.6 m 394.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 464.6 m 443.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 464.6 m 502.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 464.6 m 561.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 464.6 m 162.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 450.6 m 162.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 448.6 m 162.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 464.6 m 221.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 450.6 m 221.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 448.6 m 221.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 464.6 m 270.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 450.6 m 270.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 448.6 m 270.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 464.6 m 335.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 450.6 m 335.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 448.6 m 335.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 464.6 m 394.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 450.6 m 394.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 448.6 m 394.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 464.6 m 443.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 450.6 m 443.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 448.6 m 443.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 464.6 m 502.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 450.6 m 502.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 448.6 m 502.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 464.6 m 561.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 450.6 m 561.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 448.6 m 561.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 448.6 m 221.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 450.6 m 221.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 448.6 m 270.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 450.6 m 270.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 448.6 m 335.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 450.6 m 335.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 448.6 m 394.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 450.6 m 394.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 448.6 m 443.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 450.6 m 443.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 448.6 m 502.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 450.6 m 502.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 448.6 m 561.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 450.6 m 561.5 450.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 595.28 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 127.80 594.83 Td (Total Loan Originations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 224.00 595.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.60 594.83 Td (Current Borrower Loans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.50 594.83 Td (1-30 Days Past Due) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 573.83 Td (Prosper Rating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 133.60 573.83 Td (No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.00 573.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.45 581.83 Td (Origination) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.45 573.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.00 573.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.60 573.83 Td (No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.45 581.83 Td (Origination) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.45 573.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.15 581.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.70 573.83 Td (Principal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.60 573.83 Td (No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.45 581.83 Td (Origination) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.45 573.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.00 573.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.15 581.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.70 573.83 Td (Principal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.05 559.27 Td (AA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.10 559.27 Td (62,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.00 559.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.15 559.27 Td (816,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.10 559.27 Td (40,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 559.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 559.27 Td (535,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.00 559.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 559.27 Td (304,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 559.27 Td (295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 559.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 559.27 Td (4,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 559.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 559.27 Td (2,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.65 544.27 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.10 544.27 Td (134,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.60 544.27 Td (1,867,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.10 544.27 Td (83,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.60 544.27 Td (1,196,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 544.27 Td (701,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 544.27 Td (1,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 544.27 Td (16,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 544.27 Td (8,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.65 529.27 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.10 529.27 Td (151,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.60 529.27 Td (2,213,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.10 529.27 Td (94,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.60 529.27 Td (1,414,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 529.27 Td (934,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 529.27 Td (1,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 529.27 Td (29,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 529.27 Td (17,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.65 514.27 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.10 514.27 Td (164,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.60 514.27 Td (2,285,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.10 514.27 Td (98,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.60 514.27 Td (1,398,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.60 514.27 Td (1,012,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 514.27 Td (2,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 514.27 Td (42,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 514.27 Td (28,856) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.35 499.27 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.10 499.27 Td (88,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.60 499.27 Td (1,037,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.10 499.27 Td (45,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 499.27 Td (571,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 499.27 Td (436,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 499.27 Td (1,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 499.27 Td (23,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 499.27 Td (16,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.90 484.27 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.10 484.27 Td (54,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.15 484.27 Td (385,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.10 484.27 Td (25,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 484.27 Td (201,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 484.27 Td (153,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 484.27 Td (1,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 484.27 Td (9,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 484.27 Td (6,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.05 469.27 Td (HR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.10 469.27 Td (23,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.15 469.27 Td (110,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.10 469.27 Td (10,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 469.27 Td (53,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 469.27 Td (41,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 469.27 Td (484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 469.27 Td (2,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 469.27 Td (1,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 454.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.10 454.27 Td (679,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.00 454.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.60 454.27 Td (8,716,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.10 454.27 Td (397,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 454.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.60 454.27 Td (5,371,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.00 454.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.60 454.27 Td (3,583,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 454.27 Td (9,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 454.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 454.27 Td (127,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 454.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 454.27 Td (82,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 439.27 Td (Avg loan size:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.00 439.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 169.00 439.31 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 200.15 439.31 Td (12.8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 224.00 439.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.00 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 424.27 Td (Percent of total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.00 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 424.27 Td (58.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.15 424.27 Td (61.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.00 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 424.27 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 424.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 424.27 Td (1.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 390.10 Td (As ) Tj ET Q q 0 0 0 rg BT 99.29 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.69 390.10 Td (table ) Tj ET Q q 0 0 0 rg BT 135.30 390.10 Td (reflects, ) Tj ET Q q 0 0 0 rg BT 169.40 390.10 Td (58.6% ) Tj ET Q q 0 0 0 rg BT 197.41 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.91 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.31 390.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 262.81 390.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 289.42 390.10 Td (made ) Tj ET Q q 0 0 0 rg BT 313.26 390.10 Td (through ) Tj ET Q q 0 0 0 rg BT 346.54 390.10 Td (our ) Tj ET Q q 0 0 0 rg BT 362.05 390.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 413.08 390.10 Td (between ) Tj ET Q q 0 0 0 rg BT 448.58 390.10 Td (July ) Tj ET Q q 0 0 0 rg BT 467.43 390.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 482.10 390.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 504.28 390.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.90 390.10 Td (March31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 378.10 Td ( ) Tj ET Q q 0 0 0 rg BT 73.05 378.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.54 378.10 Td (61.6% ) Tj ET Q q 0 0 0 rg BT 119.42 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.81 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.07 378.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 179.12 378.10 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 220.49 378.10 Td (through ) Tj ET Q q 0 0 0 rg BT 254.65 378.10 Td (our ) Tj ET Q q 0 0 0 rg BT 271.04 378.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 322.94 378.10 Td (during ) Tj ET Q q 0 0 0 rg BT 352.10 378.10 Td (that ) Tj ET Q q 0 0 0 rg BT 370.15 378.10 Td (period ) Tj ET Q q 0 0 0 rg BT 398.75 378.10 Td (are ) Tj ET Q q 0 0 0 rg BT 414.01 378.10 Td (current, ) Tj ET Q q 0 0 0 rg BT 447.88 378.10 Td (while ) Tj ET Q q 0 0 0 rg BT 473.14 378.10 Td (1.4% ) Tj ET Q q 0 0 0 rg BT 497.03 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.41 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.68 378.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.94 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.88 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.59 366.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 141.09 366.10 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 181.91 366.10 Td (during ) Tj ET Q q 0 0 0 rg BT 210.52 366.10 Td (that ) Tj ET Q q 0 0 0 rg BT 228.01 366.10 Td (period ) Tj ET Q q 0 0 0 rg BT 256.06 366.10 Td (are ) Tj ET Q q 0 0 0 rg BT 270.77 366.10 Td (1-30 ) Tj ET Q q 0 0 0 rg BT 291.60 366.10 Td (days ) Tj ET Q q 0 0 0 rg BT 312.43 366.10 Td (past ) Tj ET Q q 0 0 0 rg BT 331.04 366.10 Td (due.) Tj ET Q 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 302.60 68.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 117.50 302.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 162.50 302.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 166.50 302.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 221.50 302.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 225.50 302.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 270.50 302.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 274.50 302.60 61.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 335.50 302.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 339.50 302.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 394.50 302.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 398.50 302.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 443.50 302.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 447.50 302.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 502.50 302.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 506.50 302.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 272.60 68.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 117.50 272.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 162.50 272.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 166.50 272.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 221.50 272.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 225.50 272.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 270.50 272.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 274.50 272.60 61.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 335.50 272.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 339.50 272.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 394.50 272.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 398.50 272.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 443.50 272.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 447.50 272.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 502.50 272.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 506.50 272.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 242.60 68.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 117.50 242.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 162.50 242.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 166.50 242.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 221.50 242.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 225.50 242.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 270.50 242.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 274.50 242.60 61.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 335.50 242.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 339.50 242.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 394.50 242.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 398.50 242.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 443.50 242.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 447.50 242.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 502.50 242.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 506.50 242.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 212.60 68.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 117.50 212.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 162.50 212.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 166.50 212.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 221.50 212.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 225.50 212.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 270.50 212.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 274.50 212.60 61.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 335.50 212.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 339.50 212.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 394.50 212.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 398.50 212.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 443.50 212.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 447.50 212.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 502.50 212.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 506.50 212.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 182.60 68.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 117.50 182.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 162.50 182.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 166.50 182.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 221.50 182.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 225.50 182.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 270.50 182.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 274.50 182.60 61.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 335.50 182.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 339.50 182.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 394.50 182.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 398.50 182.60 45.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 443.50 182.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 447.50 182.60 55.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 502.50 182.60 4.00 -15.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 506.50 182.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 323.6 m 162.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162.5 323.6 m 166.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 323.6 m 221.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 323.6 m 270.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 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BT 233.95 542.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.10 534.83 Td (Sent to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.10 526.83 Td (Collections) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.50 526.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.55 566.83 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.45 558.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.25 550.83 Td (Collected on) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.70 542.83 Td (Accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.60 534.83 Td (Sent to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.60 526.83 Td (Collections) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.50 526.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.00 542.83 Td (Number of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.05 534.83 Td (Loans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.50 526.83 Td (Charged-Off) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.50 526.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 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BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.15 497.27 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.65 497.27 Td (9,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.65 497.27 Td (126,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 497.27 Td (7,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 497.27 Td (3,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 497.27 Td (6,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 497.27 Td (65,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 497.27 Td (43,062) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 497.27 Td (22,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.15 482.27 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.65 482.27 Td (15,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.65 482.27 Td (229,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 482.27 Td (13,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 482.27 Td (6,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 482.27 Td (11,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 482.27 Td (132,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 482.27 Td (91,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 482.27 Td (41,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.15 467.27 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.65 467.27 Td (23,495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.65 467.27 Td (336,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 467.27 Td (19,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 467.27 Td (9,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 467.27 Td (17,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 467.27 Td (206,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 467.27 Td (140,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 467.27 Td (65,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.85 452.27 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.65 452.27 Td (16,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.65 452.27 Td (198,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 452.27 Td (12,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 452.27 Td (6,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 452.27 Td (12,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 452.27 Td (126,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 452.27 Td (84,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 452.27 Td (41,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.40 437.27 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.65 437.27 Td (12,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.65 437.27 Td (82,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 437.27 Td (6,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 437.27 Td (3,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 437.27 Td (9,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 437.27 Td (52,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 437.27 Td (35,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 437.27 Td (17,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.55 422.27 Td (HR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.65 422.27 Td (5,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.65 422.27 Td (25,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 422.27 Td (2,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 422.27 Td (1,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 422.27 Td (4,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 422.27 Td (16,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 422.27 Td (8,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 422.27 Td (7,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 407.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.65 407.27 Td (85,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.10 407.27 Td (1,025,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.50 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 407.27 Td (64,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.50 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 407.27 Td (30,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 407.27 Td (65,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.50 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 407.27 Td (612,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 407.27 Td (411,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 407.27 Td (200,474) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (* ) Tj ET Q q 0 0 0 rg BT 57.50 373.10 Td (This ) Tj ET Q q 0 0 0 rg BT 77.23 373.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 109.73 373.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 146.66 373.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 188.58 373.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 219.40 373.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 259.67 373.10 Td (that ) Tj ET Q q 0 0 0 rg BT 277.72 373.10 Td (wer) Tj ET Q q 0 0 0 rg BT 292.35 373.10 Td (e ) Tj ET Q q 0 0 0 rg BT 299.29 373.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 353.45 373.10 Td (r) Tj ET Q q 0 0 0 rg BT 356.97 373.10 Td (eturned ) Tj ET Q q 0 0 0 rg BT 390.01 373.10 Td (due ) Tj ET Q q 0 0 0 rg BT 406.95 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.23 373.10 Td (insufficient ) Tj ET Q q 0 0 0 rg BT 464.17 373.10 Td (funds.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 343.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 343.10 Td (e ) Tj ET Q q 0 0 0 rg BT 100.72 343.10 Td (may ) Tj ET Q q 0 0 0 rg BT 119.57 343.10 Td (alter ) Tj ET Q q 0 0 0 rg BT 138.98 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.83 343.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 176.69 343.10 Td (or ) Tj ET Q q 0 0 0 rg BT 186.66 343.10 Td (make ) Tj ET Q q 0 0 0 rg BT 209.95 343.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 247.13 343.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 290.43 343.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.07 343.10 Td (some ) Tj ET Q q 0 0 0 rg BT 324.82 343.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 364.78 343.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 393.36 343.10 Td (which ) Tj ET Q q 0 0 0 rg BT 419.43 343.10 Td (may ) Tj ET Q q 0 0 0 rg BT 438.29 343.10 Td (include ) Tj ET Q q 0 0 0 rg BT 469.36 343.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 492.10 343.10 Td (where ) Tj ET Q q 0 0 0 rg BT 518.17 343.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.25 343.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.73 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.90 331.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 99.19 331.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 130.58 331.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 147.52 331.10 Td (is ) Tj ET Q q 0 0 0 rg BT 156.14 331.10 Td (required ) Tj ET Q q 0 0 0 rg BT 191.41 331.10 Td (by ) Tj ET Q q 0 0 0 rg BT 203.37 331.10 Td (law) Tj ET Q q 0 0 0 rg BT 217.16 331.10 Td (. ) Tj ET Q q 0 0 0 rg BT 221.47 331.10 Td (The ) Tj ET Q q 0 0 0 rg BT 238.97 331.10 Td (Servicemembers' ) Tj ET Q q 0 0 0 rg BT 309.37 331.10 Td (Civil ) Tj ET Q q 0 0 0 rg BT 331.33 331.10 Td (Relief ) Tj ET Q q 0 0 0 rg BT 357.28 331.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 373.68 331.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 407.84 331.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 439.23 331.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 460.06 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.79 331.10 Td (be ) Tj ET Q q 0 0 0 rg BT 481.18 331.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 514.78 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.52 331.10 Td (6% ) Tj ET Q q 0 0 0 rg BT 539.80 331.10 Td (while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.37 319.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 94.96 319.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.67 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.82 319.10 Td (armed ) Tj ET Q q 0 0 0 rg BT 145.74 319.10 Td (forces ) Tj ET Q q 0 0 0 rg BT 172.11 319.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.71 319.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.65 319.10 Td (active ) Tj ET Q q 0 0 0 rg BT 218.46 319.10 Td (duty) Tj ET Q q 0 0 0 rg BT 235.58 319.10 Td (. ) Tj ET Q q 0 0 0 rg BT 240.02 319.10 Td (In ) Tj ET Q q 0 0 0 rg BT 250.28 319.10 Td (order ) Tj ET Q q 0 0 0 rg BT 273.32 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.03 319.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 314.96 319.10 Td (with ) Tj ET Q q 0 0 0 rg BT 334.68 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.83 319.10 Td (Servicemembers' ) Tj ET Q q 0 0 0 rg BT 419.20 319.10 Td (Civil ) Tj ET Q q 0 0 0 rg BT 441.14 319.10 Td (Relief ) Tj ET Q q 0 0 0 rg BT 467.09 319.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 485.96 319.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 518.45 319.10 Td (has ) Tj ET Q q 0 0 0 rg BT 533.71 319.10 Td (elected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.38 307.10 Td (make ) Tj ET Q q 0 0 0 rg BT 82.63 307.10 Td ("pre-refunds" ) Tj ET Q q 0 0 0 rg BT 138.48 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.41 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.22 307.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 193.26 307.10 Td (dif) Tj ET Q q 0 0 0 rg BT 204.18 307.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 239.09 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.47 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.28 307.10 Td (af) Tj ET Q q 0 0 0 rg BT 269.87 307.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 295.89 307.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 334.14 307.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.40 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.22 307.10 Td (period ) Tj ET Q q 0 0 0 rg BT 388.36 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.29 307.10 Td (deployment. ) Tj ET Q q 0 0 0 rg BT 449.48 307.10 Td (The ) Tj ET Q q 0 0 0 rg BT 466.63 307.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 504.88 307.10 Td (then ) Tj ET Q q 0 0 0 rg BT 523.69 307.10 Td (continues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.83 295.10 Td (make ) Tj ET Q q 0 0 0 rg BT 85.53 295.10 Td (their ) Tj ET Q q 0 0 0 rg BT 106.91 295.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 138.27 295.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 182.15 295.10 Td (In ) Tj ET Q q 0 0 0 rg BT 193.53 295.10 Td (these ) Tj ET Q q 0 0 0 rg BT 217.12 295.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 243.77 295.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 260.63 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.68 295.10 Td (has ) Tj ET Q q 0 0 0 rg BT 280.06 295.10 Td (refunded ) Tj ET Q q 0 0 0 rg BT 318.65 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.91 295.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 366.39 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.22 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.49 295.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 432.19 295.10 Td (from ) Tj ET Q q 0 0 0 rg BT 454.68 295.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 480.65 295.10 Td (own ) Tj ET Q q 0 0 0 rg BT 500.92 295.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 526.19 295.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 546.18 295.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.56 295.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 77.22 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 91.93 283.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 132.76 283.10 Td (received ) Tj ET Q q 0 0 0 rg BT 169.12 283.10 Td (by ) Tj ET Q q 0 0 0 rg BT 181.62 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.34 283.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 239.93 283.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 278.54 283.10 Td (were ) Tj ET Q q 0 0 0 rg BT 300.46 283.10 Td (unchanged.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td () Tj ET Q endstream endobj 131 0 obj <> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 74.73 742.25 Td (Originations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.46 712.25 Td (following ) Tj ET Q q 0 0 0 rg BT 144.26 712.25 Td (table ) Tj ET Q q 0 0 0 rg BT 165.61 712.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 200.30 712.25 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 246.08 712.25 Td (information ) Tj ET Q q 0 0 0 rg BT 295.20 712.25 Td (about ) Tj ET Q q 0 0 0 rg BT 319.34 712.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 359.57 712.25 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 388.43 712.25 Td (collectively) Tj ET Q q 0 0 0 rg BT 434.42 712.25 Td (, ) Tj ET Q q 0 0 0 rg BT 438.84 712.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 481.29 712.25 Td (over ) Tj ET Q q 0 0 0 rg BT 500.98 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.11 712.25 Td (period ) Tj ET Q q 0 0 0 rg BT 542.57 712.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (July ) Tj ET Q q 0 0 0 rg BT 68.80 700.25 Td (13, ) Tj ET Q q 0 0 0 rg BT 83.43 700.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 105.56 700.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.46 700.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 158.69 700.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.69 700.25 Td (, ) Tj ET Q q 0 0 0 rg BT 183.32 700.25 Td (grouped ) Tj ET Q q 0 0 0 rg BT 218.22 700.25 Td (by ) Tj ET Q q 0 0 0 rg BT 230.35 700.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 263.03 700.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 291.82 700.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 305.06 700.25 Td (thousands ) Tj ET Q q 0 0 0 rg BT 347.19 700.25 Td (except ) Tj ET Q q 0 0 0 rg BT 375.41 700.25 Td (for ) Tj ET Q q 0 0 0 rg BT 389.20 700.25 Td (number ) Tj ET Q q 0 0 0 rg BT 421.88 700.25 Td (amounts\). ) Tj ET Q q 0 0 0 rg BT 463.25 700.25 Td (As ) Tj ET Q q 0 0 0 rg BT 476.49 700.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 513.59 700.25 Td (by ) Tj ET Q q 0 0 0 rg BT 525.72 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.07 700.25 Td (table, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (we ) Tj ET Q q 0 0 0 rg BT 65.00 688.25 Td (have ) Tj ET Q q 0 0 0 rg BT 87.22 688.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 115.56 688.25 Td (679,035 ) Tj ET Q q 0 0 0 rg BT 151.41 688.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 193.07 688.25 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 223.35 688.25 Td (for ) Tj ET Q q 0 0 0 rg BT 238.35 688.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 280.56 688.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 319.44 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.11 688.25 Td ($8.72 ) Tj ET Q q 0 0 0 rg BT 356.95 688.25 Td (billion, ) Tj ET Q q 0 0 0 rg BT 388.91 688.25 Td (with ) Tj ET Q q 0 0 0 rg BT 410.03 688.25 Td (an ) Tj ET Q q 0 0 0 rg BT 422.81 688.25 Td (average ) Tj ET Q q 0 0 0 rg BT 457.23 688.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 477.79 688.25 Td (size ) Tj ET Q q 0 0 0 rg BT 496.68 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.35 688.25 Td ($12,837. ) Tj ET Q q 0 0 0 rg BT 546.46 688.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 90.20 676.25 Td (average ) Tj ET Q q 0 0 0 rg BT 124.82 676.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 160.58 676.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 184.12 676.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.32 676.25 Td (such ) Tj ET Q q 0 0 0 rg BT 221.20 676.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 263.06 676.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 291.04 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 301.25 676.25 Td (13.41%, ) Tj ET Q q 0 0 0 rg BT 338.13 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.88 676.25 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 428.50 676.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 468.69 676.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 487.22 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 497.43 676.25 Td (14.41% ) Tj ET Q q 0 0 0 rg BT 531.80 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 676.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 123.57 664.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 162.72 664.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 191.88 664.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 237.68 664.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 255.16 664.25 Td (for ) Tj ET Q q 0 0 0 rg BT 269.32 664.25 Td (such ) Tj ET Q q 0 0 0 rg BT 290.15 664.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 330.97 664.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 357.91 664.25 Td (is ) Tj ET Q q 0 0 0 rg BT 367.08 664.25 Td (17.28%.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 614.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 111.50 614.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 614.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 614.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 614.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 614.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 614.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 614.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 614.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 614.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 614.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 614.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 584.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 111.50 584.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 584.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 584.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 584.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 584.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 584.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 584.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 584.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 584.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 584.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 584.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 554.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 111.50 554.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 554.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 554.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 554.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 554.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 554.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 524.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 111.50 524.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 524.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 524.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 524.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 524.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 524.75 72.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 111.5 614.75 m 183.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 614.75 m 258.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 614.75 m 334.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 614.75 m 409.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 614.75 m 485.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 614.75 m 561.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 111.5 614.75 m 183.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 614.75 m 258.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 614.75 m 334.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 614.75 m 409.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 614.75 m 485.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 614.75 m 561.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 111.5 509.75 m 183.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 509.75 m 258.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 509.75 m 334.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 509.75 m 409.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 509.75 m 485.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 509.75 m 561.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 111.5 509.75 m 183.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 111.5 495.75 m 183.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 111.5 493.75 m 183.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 509.75 m 258.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 495.75 m 258.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 493.75 m 258.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 509.75 m 334.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 495.75 m 334.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 493.75 m 334.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 509.75 m 409.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 495.75 m 409.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 493.75 m 409.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 509.75 m 485.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 495.75 m 485.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 493.75 m 485.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 509.75 m 561.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 495.75 m 561.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 493.75 m 561.5 493.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 54.00 618.98 Td (Prosper Rating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.85 618.98 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.45 618.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.30 618.98 Td (Average Loan Size) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.55 626.98 Td (Weighted Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 618.98 Td (Investor Yield) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.05 626.98 Td (Weighted Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.45 618.98 Td (Borrower Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.05 626.98 Td (Weighted Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.45 618.98 Td (Borrower APR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.05 604.87 Td (AA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.15 604.87 Td (62,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.15 604.87 Td (816,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 604.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 604.87 Td (13.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 604.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 604.87 Td (5.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 604.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 604.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 604.87 Td (6.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 604.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 604.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 604.87 Td (8.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 604.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.65 589.87 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.15 589.87 Td (134,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.65 589.87 Td (1,867,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 589.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 589.87 Td (13.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 589.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 589.87 Td (8.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 589.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 589.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 589.87 Td (9.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 589.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 589.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 589.87 Td (12.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 589.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.65 574.87 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.15 574.87 Td (151,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.65 574.87 Td (2,213,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 574.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 574.87 Td (14.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 574.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 574.87 Td (11.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 574.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 574.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 574.87 Td (12.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 574.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 574.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 574.87 Td (15.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 574.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.65 559.87 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.15 559.87 Td (164,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.65 559.87 Td (2,285,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 559.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 559.87 Td (13.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 559.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 559.87 Td (15.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 559.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 559.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 559.87 Td (16.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 559.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 559.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 559.87 Td (19.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 559.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.35 544.87 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.15 544.87 Td (88,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.65 544.87 Td (1,037,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 544.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 544.87 Td (11.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 544.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 544.87 Td (20.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 544.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 544.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 544.87 Td (21.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 544.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 544.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 544.87 Td (24.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 544.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.90 529.87 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.15 529.87 Td (54,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.15 529.87 Td (385,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 529.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 529.87 Td (7.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 529.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 529.87 Td (25.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 529.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 529.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 529.87 Td (26.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 529.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 529.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 529.87 Td (30.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 529.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.05 514.87 Td (HR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.15 514.87 Td (23,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.15 514.87 Td (110,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 514.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 514.87 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 514.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 514.87 Td (30.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 514.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 514.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 514.87 Td (31.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 514.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 514.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 514.87 Td (35.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 514.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.75 499.87 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.15 499.87 Td (679,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.00 499.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.65 499.87 Td (8,716,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 499.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.00 499.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 499.87 Td (12.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 499.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 499.87 Td (13.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 499.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 499.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 499.87 Td (14.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 499.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 499.87 Td (17.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 499.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 480.25 Td (On ) Tj ET Q q 0 0 0 rg BT 101.35 480.25 Td (September ) Tj ET Q q 0 0 0 rg BT 147.25 480.25 Td (6, ) Tj ET Q q 0 0 0 rg BT 157.88 480.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 183.50 480.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 217.19 480.25 Td (ceased ) Tj ET Q q 0 0 0 rg BT 246.96 480.25 Td (using ) Tj ET Q q 0 0 0 rg BT 271.76 480.25 Td (Experian's ) Tj ET Q q 0 0 0 rg BT 316.68 480.25 Td (ScorexPlus ) Tj ET Q q 0 0 0 rg BT 364.81 480.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 390.70 480.25 Td (score ) Tj ET Q q 0 0 0 rg BT 414.93 480.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.50 480.25 Td (began ) Tj ET Q q 0 0 0 rg BT 459.51 480.25 Td (using ) Tj ET Q q 0 0 0 rg BT 484.31 480.25 Td (Experian's ) Tj ET Q q 0 0 0 rg BT 529.22 480.25 Td (FICO08 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.56 468.25 Td (score. ) Tj ET Q q 0 0 0 rg BT 99.96 468.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.75 468.25 Td (On ) Tj ET Q q 0 0 0 rg BT 115.77 468.25 Td (December ) Tj ET Q q 0 0 0 rg BT 158.65 468.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 172.95 468.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 197.25 468.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 229.59 468.25 Td (ceased ) Tj ET Q q 0 0 0 rg BT 258.04 468.25 Td (using ) Tj ET Q q 0 0 0 rg BT 281.50 468.25 Td (Experian) Tj ET Q q 0 0 0 rg BT 320.38 468.25 Td (s ) Tj ET Q q 0 0 0 rg BT 326.06 468.25 Td (FICO08 ) Tj ET Q q 0 0 0 rg BT 360.64 468.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 385.21 468.25 Td (score ) Tj ET Q q 0 0 0 rg BT 408.10 468.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.34 468.25 Td (began ) Tj ET Q q 0 0 0 rg BT 450.01 468.25 Td (using ) Tj ET Q q 0 0 0 rg BT 473.35 468.25 Td (T) Tj ET Q q 0 0 0 rg BT 479.10 468.25 Td (ransUnion) Tj ET Q q 0 0 0 rg BT 523.54 468.25 Td (s ) Tj ET Q q 0 0 0 rg BT 529.23 468.25 Td (FICO08 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.26 456.25 Td (score. ) Tj ET Q q 0 0 0 rg BT 101.36 456.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.31 456.25 Td (All ) Tj ET Q q 0 0 0 rg BT 118.59 456.25 Td (listings ) Tj ET Q q 0 0 0 rg BT 149.99 456.25 Td (begun ) Tj ET Q q 0 0 0 rg BT 176.92 456.25 Td (on ) Tj ET Q q 0 0 0 rg BT 189.42 456.25 Td (or ) Tj ET Q q 0 0 0 rg BT 200.25 456.25 Td (after ) Tj ET Q q 0 0 0 rg BT 221.07 456.25 Td (December ) Tj ET Q q 0 0 0 rg BT 264.65 456.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 279.65 456.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 302.15 456.25 Td (use ) Tj ET Q q 0 0 0 rg BT 317.80 456.25 Td (T) Tj ET Q q 0 0 0 rg BT 323.56 456.25 Td (ransUnion's ) Tj ET Q q 0 0 0 rg BT 373.41 456.25 Td (FICO08 ) Tj ET Q q 0 0 0 rg BT 408.70 456.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 433.96 456.25 Td (score.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 426.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.76 426.25 Td (following ) Tj ET Q q 0 0 0 rg BT 146.87 426.25 Td (table ) Tj ET Q q 0 0 0 rg BT 169.52 426.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 205.51 426.25 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 252.59 426.25 Td (information ) Tj ET Q q 0 0 0 rg BT 303.02 426.25 Td (about ) Tj ET Q q 0 0 0 rg BT 328.45 426.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 372.21 426.25 Td (for ) Tj ET Q q 0 0 0 rg BT 387.09 426.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 428.63 426.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 456.28 426.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 500.04 426.25 Td (over ) Tj ET Q q 0 0 0 rg BT 521.03 426.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.46 426.25 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.83 414.25 Td (September ) Tj ET Q q 0 0 0 rg BT 116.98 414.25 Td (6, ) Tj ET Q q 0 0 0 rg BT 126.87 414.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 149.25 414.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.42 414.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 202.91 414.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.91 414.25 Td (, ) Tj ET Q q 0 0 0 rg BT 227.79 414.25 Td (grouped ) Tj ET Q q 0 0 0 rg BT 262.95 414.25 Td (by ) Tj ET Q q 0 0 0 rg BT 275.34 414.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 308.28 414.25 Td (Rating. ) Tj ET Q q 0 0 0 rg BT 339.66 414.25 Td (The ) Tj ET Q q 0 0 0 rg BT 357.59 414.25 Td (information ) Tj ET Q q 0 0 0 rg BT 407.19 414.25 Td (for ) Tj ET Q q 0 0 0 rg BT 421.24 414.25 Td (each ) Tj ET Q q 0 0 0 rg BT 441.94 414.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 480.98 414.25 Td (was ) Tj ET Q q 0 0 0 rg BT 498.92 414.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 535.74 414.25 Td (from ) Tj ET Q q 0 0 0 rg BT 557.57 414.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.77 402.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 113.43 402.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 143.75 402.25 Td (at ) Tj ET Q q 0 0 0 rg BT 152.97 402.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.20 402.25 Td (time ) Tj ET Q q 0 0 0 rg BT 186.98 402.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.20 402.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 245.55 402.25 Td (application ) Tj ET Q q 0 0 0 rg BT 291.98 402.25 Td (was ) Tj ET Q q 0 0 0 rg BT 309.54 402.25 Td (submitted. ) Tj ET Q q 0 0 0 rg BT 353.35 402.25 Td (W) Tj ET Q q 0 0 0 rg BT 361.98 402.25 Td (e ) Tj ET Q q 0 0 0 rg BT 368.43 402.25 Td (have ) Tj ET Q q 0 0 0 rg BT 389.31 402.25 Td (not ) Tj ET Q q 0 0 0 rg BT 404.09 402.25 Td (independently ) Tj ET Q q 0 0 0 rg BT 462.75 402.25 Td (verified ) Tj ET Q q 0 0 0 rg BT 495.85 402.25 Td (this ) Tj ET Q q 0 0 0 rg BT 512.30 402.25 Td (information. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.95 390.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 101.75 390.25 Td (by ) Tj ET Q q 0 0 0 rg BT 114.58 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.63 390.25 Td (table, ) Tj ET Q q 0 0 0 rg BT 154.40 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.45 390.25 Td (average ) Tj ET Q q 0 0 0 rg BT 203.37 390.25 Td (FICO08 ) Tj ET Q q 0 0 0 rg BT 238.99 390.25 Td (score ) Tj ET Q q 0 0 0 rg BT 262.92 390.25 Td (for ) Tj ET Q q 0 0 0 rg BT 277.41 390.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 320.79 390.25 Td (on ) Tj ET Q q 0 0 0 rg BT 333.62 390.25 Td (our ) Tj ET Q q 0 0 0 rg BT 349.78 390.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 401.48 390.25 Td (was ) Tj ET Q q 0 0 0 rg BT 419.86 390.25 Td (700, ) Tj ET Q q 0 0 0 rg BT 440.19 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.24 390.25 Td (average ) Tj ET Q q 0 0 0 rg BT 489.16 390.25 Td (number ) Tj ET Q q 0 0 0 rg BT 522.54 390.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.71 390.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.25 Td (delinquencies ) Tj ET Q q 0 0 0 rg BT 107.74 378.25 Td (for ) Tj ET Q q 0 0 0 rg BT 122.16 378.25 Td (such ) Tj ET Q q 0 0 0 rg BT 143.25 378.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 186.56 378.25 Td (was ) Tj ET Q q 0 0 0 rg BT 204.87 378.25 Td (0.30, ) Tj ET Q q 0 0 0 rg BT 227.63 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.61 378.25 Td (average ) Tj ET Q q 0 0 0 rg BT 276.46 378.25 Td (number ) Tj ET Q q 0 0 0 rg BT 309.76 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.85 378.25 Td (open ) Tj ET Q q 0 0 0 rg BT 343.05 378.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 368.58 378.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 390.23 378.25 Td (was ) Tj ET Q q 0 0 0 rg BT 408.54 378.25 Td (10.48 ) Tj ET Q q 0 0 0 rg BT 433.80 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.00 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.98 378.25 Td (average ) Tj ET Q q 0 0 0 rg BT 499.82 378.25 Td (number ) Tj ET Q q 0 0 0 rg BT 533.13 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.22 378.25 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.26 366.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 96.65 366.25 Td (was ) Tj ET Q q 0 0 0 rg BT 114.70 366.25 Td (25.89.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 316.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 316.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 112.50 316.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 316.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 316.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 316.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 316.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 316.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 316.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 286.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 286.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 112.50 286.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 286.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 286.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 286.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 286.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 286.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 286.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 256.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 256.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 112.50 256.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 256.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 256.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 256.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 256.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 256.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 256.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 226.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 226.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 112.50 226.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 226.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 226.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 226.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 226.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 226.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 226.75 109.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 112.5 316.75 m 221.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 316.75 m 334.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 316.75 m 447.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 316.75 m 561.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 112.5 316.75 m 221.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 316.75 m 334.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 316.75 m 447.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 316.75 m 561.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 112.5 211.75 m 221.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 211.75 m 334.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 211.75 m 338.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 211.75 m 447.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 211.75 m 561.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 112.5 211.75 m 221.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 112.5 197.75 m 221.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 112.5 195.75 m 221.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 211.75 m 334.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 197.75 m 334.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 195.75 m 334.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 211.75 m 338.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 197.75 m 338.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 195.75 m 338.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 211.75 m 447.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 197.75 m 447.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 195.75 m 447.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 211.75 m 561.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 197.75 m 561.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 195.75 m 561.5 195.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 320.98 Td (Prosper Rating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 111.00 320.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.10 320.98 Td (Average FICO 08 Score) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.65 328.98 Td (Average Number of Current) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.20 320.98 Td (Delinquencies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.75 328.98 Td (Average Number of Open) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.10 320.98 Td (Credit Lines) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.40 328.98 Td (Average Number of Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.10 320.98 Td (Credit Lines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.55 306.87 Td (AA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 306.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.65 306.87 Td (748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 306.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 306.87 Td (0.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 306.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 306.87 Td (10.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 306.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 306.87 Td (27.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 291.87 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 291.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.65 291.87 Td (716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 291.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 291.87 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 291.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 291.87 Td (10.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 291.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 291.87 Td (25.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 276.87 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 276.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.65 276.87 Td (703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 276.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 276.87 Td (0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 276.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 276.87 Td (10.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 276.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 276.87 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 261.87 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 261.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.65 261.87 Td (691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 261.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 261.87 Td (0.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 261.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 261.87 Td (10.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 261.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 261.87 Td (25.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.85 246.87 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 246.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.65 246.87 Td (680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 246.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 246.87 Td (0.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 246.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 246.87 Td (10.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 246.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 246.87 Td (25.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.40 231.87 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 231.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.65 231.87 Td (668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 231.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 231.87 Td (0.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 231.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 231.87 Td (10.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 231.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 231.87 Td (24.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.55 216.87 Td (HR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 216.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.65 216.87 Td (660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 216.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 216.87 Td (0.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 216.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 216.87 Td (9.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 216.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 216.87 Td (23.48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.55 201.98 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 201.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.65 201.87 Td (700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 201.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 201.87 Td (0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 201.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 201.87 Td (10.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 201.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 201.87 Td (25.89) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 167.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 113.67 167.25 Td (note ) Tj ET Q q 0 0 0 rg BT 133.02 167.25 Td (that ) Tj ET Q q 0 0 0 rg BT 150.14 167.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 189.48 167.25 Td (data ) Tj ET Q q 0 0 0 rg BT 208.27 167.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 248.71 167.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 289.16 167.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 315.72 167.25 Td (may ) Tj ET Q q 0 0 0 rg BT 335.07 167.25 Td (not ) Tj ET Q q 0 0 0 rg BT 349.97 167.25 Td (be ) Tj ET Q q 0 0 0 rg BT 361.54 167.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 403.10 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.56 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.90 167.25 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 487.22 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 497.67 167.25 Td (future ) Tj ET Q q 0 0 0 rg BT 523.68 167.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 80.47 155.25 Td (See ) Tj ET Q q 0 0 0 rg BT 98.44 155.25 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 124.39 155.25 Td (Factors- ) Tj ET Q q 0 0 0 rg BT 160.69 155.25 Td (Risks ) Tj ET Q q 0 0 0 rg BT 186.46 155.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 220.53 155.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.84 155.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 248.70 155.25 Td ( ) Tj ET Q q 0 0 0 rg BT 252.23 155.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.20 155.25 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 294.02 155.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 313.10 155.25 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 366.60 155.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.57 155.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 402.88 155.25 Td (Ability ) Tj ET Q q 0 0 0 rg BT 434.75 155.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.06 155.25 Td (Service ) Tj ET Q q 0 0 0 rg BT 479.57 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.32 155.25 Td (Notes" ) Tj ET Q q 0 0 0 rg BT 526.26 155.25 Td (for ) Tj ET Q q 0 0 0 rg BT 541.46 155.25 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (Posted ) Tj ET Q q 0 0 0 rg BT 80.83 113.25 Td (Borr) Tj ET Q q 0 0 0 rg BT 101.20 113.25 Td (ower) Tj ET Q q 0 0 0 rg BT 122.11 113.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.61 113.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 149.35 113.25 Td (Listings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 83.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 109.27 83.25 Td (a ) Tj ET Q q 0 0 0 rg BT 115.88 83.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 135.27 83.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 162.45 83.25 Td (is ) Tj ET Q q 0 0 0 rg BT 171.29 83.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 215.12 83.25 Td (by ) Tj ET Q q 0 0 0 rg BT 227.29 83.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 263.54 83.25 Td (, ) Tj ET Q q 0 0 0 rg BT 268.21 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.60 83.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 309.78 83.25 Td (is ) Tj ET Q q 0 0 0 rg BT 318.62 83.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 346.90 83.25 Td (on ) Tj ET Q q 0 0 0 rg BT 359.08 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.47 83.25 Td (website ) Tj ET Q q 0 0 0 rg BT 406.19 83.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.80 83.25 Td (then ) Tj ET Q q 0 0 0 rg BT 442.19 83.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 479.34 83.25 Td (available ) Tj ET Q q 0 0 0 rg BT 517.61 83.25 Td (for ) Tj ET Q q 0 0 0 rg BT 531.44 83.25 Td (bidding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 71.25 Td (investors. ) Tj ET Q q 0 0 0 rg BT 103.06 71.25 Td (A) Tj ET Q q 0 0 0 rg BT 109.73 71.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.23 71.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 131.94 71.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 159.45 71.25 Td (is ) Tj ET Q q 0 0 0 rg BT 168.62 71.25 Td (a ) Tj ET Q q 0 0 0 rg BT 175.56 71.25 Td (request ) Tj ET Q q 0 0 0 rg BT 206.93 71.25 Td (by ) Tj ET Q q 0 0 0 rg BT 219.43 71.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.15 71.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 273.30 71.25 Td (for ) Tj ET Q q 0 0 0 rg BT 287.46 71.25 Td (a ) Tj ET Q q 0 0 0 rg BT 294.40 71.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 335.22 71.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 358.27 71.25 Td (in ) Tj ET Q q 0 0 0 rg BT 368.54 71.25 Td (a ) Tj ET Q q 0 0 0 rg BT 375.48 71.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 414.08 71.25 Td (amount.) Tj ET Q endstream endobj 133 0 obj <> endobj 134 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Listings ) Tj ET Q q 0 0 0 rg BT 120.82 742.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 151.18 742.10 Td (through ) Tj ET Q q 0 0 0 rg BT 184.87 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.68 742.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 221.71 742.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 257.63 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 277.43 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 289.46 742.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 325.37 742.10 Td (funded. ) Tj ET Q q 0 0 0 rg BT 358.23 742.10 Td (Partial ) Tj ET Q q 0 0 0 rg BT 386.93 742.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 420.62 742.10 Td (means ) Tj ET Q q 0 0 0 rg BT 448.76 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.57 742.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 508.50 742.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 528.31 742.10 Td (does ) Tj ET Q q 0 0 0 rg BT 549.23 742.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 70.92 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 80.73 730.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 111.63 730.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 130.34 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 144.04 730.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 169.41 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.78 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.03 730.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 226.07 730.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 266.42 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.24 730.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 299.11 730.10 Td (but ) Tj ET Q q 0 0 0 rg BT 313.92 730.10 Td (can ) Tj ET Q q 0 0 0 rg BT 329.84 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 341.32 730.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 371.12 730.10 Td (if ) Tj ET Q q 0 0 0 rg BT 379.27 730.10 Td (it ) Tj ET Q q 0 0 0 rg BT 386.87 730.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 421.66 730.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 440.37 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.06 730.10 Td (70% ) Tj ET Q q 0 0 0 rg BT 474.43 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 484.80 730.10 Td (more ) Tj ET Q q 0 0 0 rg BT 507.39 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.76 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.01 730.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (requested. ) Tj ET Q q 0 0 0 rg BT 92.89 718.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 114.94 718.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 142.02 718.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 170.20 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.05 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.34 718.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 215.85 718.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 251.25 718.10 Td (indicates ) Tj ET Q q 0 0 0 rg BT 288.86 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.15 718.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 344.11 718.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 376.18 718.10 Td (required ) Tj ET Q q 0 0 0 rg BT 411.57 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.30 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.59 718.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 466.66 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.51 718.10 Td (fund. ) Tj ET Q q 0 0 0 rg BT 499.27 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 507.90 718.10 Td (e ) Tj ET Q q 0 0 0 rg BT 514.41 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 533.70 718.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.66 706.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 110.40 706.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 150.06 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 164.17 706.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 192.15 706.10 Td (funding, ) Tj ET Q q 0 0 0 rg BT 228.20 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 255.08 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 264.20 706.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 302.73 706.10 Td (set ) Tj ET Q q 0 0 0 rg BT 316.28 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 325.94 706.10 Td (70%, ) Tj ET Q q 0 0 0 rg BT 349.22 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 371.10 706.10 Td (time ) Tj ET Q q 0 0 0 rg BT 391.31 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.54 706.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 423.71 706.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 443.38 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 464.15 706.10 Td (change ) Tj ET Q q 0 0 0 rg BT 494.91 706.10 Td (will ) Tj ET Q q 0 0 0 rg BT 512.91 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 524.79 706.10 Td (disclosed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.21 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.63 694.10 Td (website, ) Tj ET Q q 0 0 0 rg BT 111.89 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.54 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 146.30 694.10 Td (only ) Tj ET Q q 0 0 0 rg BT 166.29 694.10 Td (af) Tj ET Q q 0 0 0 rg BT 173.88 694.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 191.07 694.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 222.17 694.10 Td (created ) Tj ET Q q 0 0 0 rg BT 253.25 694.10 Td (after ) Tj ET Q q 0 0 0 rg BT 273.77 694.10 Td (such ) Tj ET Q q 0 0 0 rg BT 294.31 694.10 Td (change ) Tj ET Q q 0 0 0 rg BT 324.83 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 333.71 694.10 Td (implemented. ) Tj ET Q q 0 0 0 rg BT 390.63 694.10 Td (Bids ) Tj ET Q q 0 0 0 rg BT 411.17 694.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 439.48 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 451.69 694.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 482.79 694.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 511.11 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.09 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.36 694.10 Td (Whole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 72.70 682.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 108.17 682.10 Td (must ) Tj ET Q q 0 0 0 rg BT 129.77 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 141.36 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 155.17 682.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 180.65 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.13 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.50 682.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 237.64 682.10 Td (requested, ) Tj ET Q q 0 0 0 rg BT 280.61 682.10 Td (so ) Tj ET Q q 0 0 0 rg BT 291.65 682.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 319.34 682.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 352.60 682.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 381.40 682.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 405.76 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 419.57 682.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 460.04 682.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 486.63 682.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 516.55 682.10 Td (through ) Tj ET Q q 0 0 0 rg BT 549.80 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 79.16 670.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 102.20 670.10 Td (Channel.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 655.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 640.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 127.52 640.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 155.17 640.10 Td (are ) Tj ET Q q 0 0 0 rg BT 170.58 640.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 214.32 640.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 261.97 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.50 640.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 317.26 640.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 361.01 640.10 Td (with ) Tj ET Q q 0 0 0 rg BT 381.99 640.10 Td (an ) Tj ET Q q 0 0 0 rg BT 394.63 640.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 427.27 640.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 445.46 640.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 493.65 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 506.85 640.10 Td (us ) Tj ET Q q 0 0 0 rg BT 518.95 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 536.59 640.10 Td (with ) Tj ET Q q 0 0 0 rg BT 557.57 640.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 88.63 628.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 108.38 628.10 Td (term, ) Tj ET Q q 0 0 0 rg BT 131.74 628.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 170.37 628.10 Td (set ) Tj ET Q q 0 0 0 rg BT 184.01 628.10 Td (at ) Tj ET Q q 0 0 0 rg BT 193.76 628.10 Td (three ) Tj ET Q q 0 0 0 rg BT 216.28 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.14 628.10 Td (five ) Tj ET Q q 0 0 0 rg BT 245.22 628.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 271.36 628.10 Td (but ) Tj ET Q q 0 0 0 rg BT 286.67 628.10 Td (which ) Tj ET Q q 0 0 0 rg BT 313.64 628.10 Td (we ) Tj ET Q q 0 0 0 rg BT 327.84 628.10 Td (may ) Tj ET Q q 0 0 0 rg BT 347.59 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.90 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.65 628.10 Td (future ) Tj ET Q q 0 0 0 rg BT 399.06 628.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 428.25 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.56 628.10 Td (between ) Tj ET Q q 0 0 0 rg BT 474.41 628.10 Td (three ) Tj ET Q q 0 0 0 rg BT 496.93 628.10 Td (months ) Tj ET Q q 0 0 0 rg BT 528.92 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.23 628.10 Td (seven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 76.69 616.10 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 122.00 616.10 Td (may ) Tj ET Q q 0 0 0 rg BT 142.31 616.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 181.50 616.10 Td (request ) Tj ET Q q 0 0 0 rg BT 213.48 616.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 237.68 616.10 Td (within ) Tj ET Q q 0 0 0 rg BT 266.33 616.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 305.52 616.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 347.51 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.04 616.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 408.69 616.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 447.33 616.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 484.31 616.10 Td (\(currently) Tj ET Q q 0 0 0 rg BT 523.09 616.10 Td (, ) Tj ET Q q 0 0 0 rg BT 528.68 616.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 80.41 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.75 604.10 Td ($35,000\), ) Tj ET Q q 0 0 0 rg BT 138.99 604.10 Td (which ) Tj ET Q q 0 0 0 rg BT 166.33 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 181.45 604.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 212.68 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.36 604.10 Td (change ) Tj ET Q q 0 0 0 rg BT 254.59 604.10 Td (from ) Tj ET Q q 0 0 0 rg BT 276.93 604.10 Td (time ) Tj ET Q q 0 0 0 rg BT 297.61 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.30 604.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 331.48 604.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 372.70 604.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 400.05 604.10 Td (may ) Tj ET Q q 0 0 0 rg BT 420.17 604.10 Td (be ) Tj ET Q q 0 0 0 rg BT 432.52 604.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 460.41 604.10 Td (at ) Tj ET Q q 0 0 0 rg BT 470.53 604.10 Td (any ) Tj ET Q q 0 0 0 rg BT 487.88 604.10 Td (time ) Tj ET Q q 0 0 0 rg BT 508.56 604.10 Td (by ) Tj ET Q q 0 0 0 rg BT 521.47 604.10 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (without ) Tj ET Q q 0 0 0 rg BT 83.23 592.10 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 133.11 592.10 Td (penalty) Tj ET Q q 0 0 0 rg BT 161.90 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 166.48 592.10 Td (A) Tj ET Q q 0 0 0 rg BT 173.15 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.83 592.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 216.83 592.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 240.05 592.10 Td (will ) Tj ET Q q 0 0 0 rg BT 258.29 592.10 Td (be ) Tj ET Q q 0 0 0 rg BT 270.40 592.10 Td (made ) Tj ET Q q 0 0 0 rg BT 294.73 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.19 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 312.31 592.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 351.63 592.10 Td (only ) Tj ET Q q 0 0 0 rg BT 372.09 592.10 Td (if ) Tj ET Q q 0 0 0 rg BT 380.87 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.77 592.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 440.79 592.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 468.47 592.10 Td (has ) Tj ET Q q 0 0 0 rg BT 484.48 592.10 Td (received ) Tj ET Q q 0 0 0 rg BT 521.02 592.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 540.37 592.10 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 71.11 580.10 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 114.14 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.86 580.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 170.25 580.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 202.74 580.10 Td (required ) Tj ET Q q 0 0 0 rg BT 238.56 580.10 Td (for ) Tj ET Q q 0 0 0 rg BT 252.72 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.44 580.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 294.94 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.22 580.10 Td (fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.83 550.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 132.10 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.38 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.10 550.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 201.94 550.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 242.76 550.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 262.47 550.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 297.47 550.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 328.87 550.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 517.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 517.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 159.65 517.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 179.64 517.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 208.79 517.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 254.59 517.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 272.08 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.02 517.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 324.85 517.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 361.78 517.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 394.28 517.10 Td (on ) Tj ET Q q 0 0 0 rg BT 406.78 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.50 517.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 462.31 517.10 Td (loan;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 499.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 499.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 162.43 499.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 184.93 499.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 230.73 499.10 Td (\(interest ) Tj ET Q q 0 0 0 rg BT 265.99 499.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 283.48 499.10 Td (on ) Tj ET Q q 0 0 0 rg BT 295.98 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.70 499.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 332.91 499.10 Td (net ) Tj ET Q q 0 0 0 rg BT 347.63 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.46 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.18 499.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 412.33 499.10 Td (fee\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 481.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 481.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 160.77 481.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 189.93 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.87 481.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 247.69 481.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 265.75 481.10 Td (rate;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 463.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 463.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 160.77 463.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 186.04 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.98 463.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 228.24 463.10 Td (score ) Tj ET Q q 0 0 0 rg BT 251.84 463.10 Td (range;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 445.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 445.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 169.11 445.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 201.60 445.10 Td (required ) Tj ET Q q 0 0 0 rg BT 237.42 445.10 Td (for ) Tj ET Q q 0 0 0 rg BT 251.58 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.30 445.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 286.01 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.29 445.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 317.12 445.10 Td (\(for ) Tj ET Q q 0 0 0 rg BT 334.61 445.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 366.01 445.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 394.62 445.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.89 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.61 445.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 441.55 445.10 Td (Channel\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 427.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.69 427.10 Td (number ) Tj ET Q q 0 0 0 rg BT 158.70 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.50 427.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 204.96 427.10 Td (on ) Tj ET Q q 0 0 0 rg BT 216.43 427.10 Td (which ) Tj ET Q q 0 0 0 rg BT 242.34 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.02 427.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 294.14 427.10 Td (is ) Tj ET Q q 0 0 0 rg BT 302.28 427.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 339.85 427.10 Td (late ) Tj ET Q q 0 0 0 rg BT 355.75 427.10 Td (on ) Tj ET Q q 0 0 0 rg BT 367.22 427.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.13 427.10 Td (payment, ) Tj ET Q q 0 0 0 rg BT 411.53 427.10 Td (including ) Tj ET Q q 0 0 0 rg BT 450.77 427.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 479.46 427.10 Td (derogatory ) Tj ET Q q 0 0 0 rg BT 524.25 427.10 Td (accounts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 409.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 409.10 Td (total ) Tj ET Q q 0 0 0 rg BT 147.99 409.10 Td (past-due ) Tj ET Q q 0 0 0 rg BT 184.37 409.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 216.86 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.58 409.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 270.73 409.10 Td (owes ) Tj ET Q q 0 0 0 rg BT 293.78 409.10 Td (on ) Tj ET Q q 0 0 0 rg BT 306.28 409.10 Td (all ) Tj ET Q q 0 0 0 rg BT 318.78 409.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 363.49 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.43 409.10 Td (derogatory ) Tj ET Q q 0 0 0 rg BT 426.24 409.10 Td (accounts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 391.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 391.10 Td (number ) Tj ET Q q 0 0 0 rg BT 160.76 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.59 391.10 Td (90+ ) Tj ET Q q 0 0 0 rg BT 189.73 391.10 Td (days ) Tj ET Q q 0 0 0 rg BT 210.56 391.10 Td (past ) Tj ET Q q 0 0 0 rg BT 229.17 391.10 Td (due ) Tj ET Q q 0 0 0 rg BT 246.11 391.10 Td (delinquencies ) Tj ET Q q 0 0 0 rg BT 303.59 391.10 Td (on ) Tj ET Q q 0 0 0 rg BT 316.09 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.81 391.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 375.65 391.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 400.92 391.10 Td (report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 373.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.19 373.10 Td (number ) Tj ET Q q 0 0 0 rg BT 161.72 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.02 373.10 Td (public ) Tj ET Q q 0 0 0 rg BT 200.99 373.10 Td (records ) Tj ET Q q 0 0 0 rg BT 233.40 373.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 256.64 373.10 Td (bankruptcies, ) Tj ET Q q 0 0 0 rg BT 313.21 373.10 Td (liens, ) Tj ET Q q 0 0 0 rg BT 337.58 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.99 373.10 Td (judgments\) ) Tj ET Q q 0 0 0 rg BT 402.96 373.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.94 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.13 373.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 476.45 373.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 502.19 373.10 Td (report ) Tj ET Q q 0 0 0 rg BT 529.04 373.10 Td (over ) Tj ET Q q 0 0 0 rg BT 549.79 373.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 361.10 Td (last ) Tj ET Q q 0 0 0 rg BT 129.39 361.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 141.89 361.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 176.33 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.27 361.10 Td (over ) Tj ET Q q 0 0 0 rg BT 213.54 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.26 361.10 Td (last ) Tj ET Q q 0 0 0 rg BT 244.65 361.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 257.15 361.10 Td (years;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 343.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 343.10 Td (number ) Tj ET Q q 0 0 0 rg BT 160.76 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.59 343.10 Td (inquiries ) Tj ET Q q 0 0 0 rg BT 209.09 343.10 Td (made ) Tj ET Q q 0 0 0 rg BT 233.24 343.10 Td (by ) Tj ET Q q 0 0 0 rg BT 245.74 343.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 283.23 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.51 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.22 343.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 353.07 343.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 378.33 343.10 Td (report ) Tj ET Q q 0 0 0 rg BT 404.71 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.99 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.70 343.10 Td (last ) Tj ET Q q 0 0 0 rg BT 446.09 343.10 Td (six ) Tj ET Q q 0 0 0 rg BT 460.26 343.10 Td (months;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 325.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.26 325.10 Td (month ) Tj ET Q q 0 0 0 rg BT 154.85 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.33 325.10 Td (year ) Tj ET Q q 0 0 0 rg BT 190.58 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.84 325.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 249.22 325.10 Td (oldest ) Tj ET Q q 0 0 0 rg BT 275.15 325.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 312.16 325.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 336.97 325.10 Td (line ) Tj ET Q q 0 0 0 rg BT 354.00 325.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 376.31 325.10 Td (revolving, ) Tj ET Q q 0 0 0 rg BT 419.17 325.10 Td (installment, ) Tj ET Q q 0 0 0 rg BT 468.15 325.10 Td (or ) Tj ET Q q 0 0 0 rg BT 478.52 325.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 518.33 325.10 Td (credit\) ) Tj ET Q q 0 0 0 rg BT 546.46 325.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 313.10 Td (opened;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 295.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.40 295.10 Td (total ) Tj ET Q q 0 0 0 rg BT 147.36 295.10 Td (number ) Tj ET Q q 0 0 0 rg BT 180.09 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.61 295.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 215.56 295.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 236.63 295.10 Td (appearing ) Tj ET Q q 0 0 0 rg BT 278.24 295.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.42 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.82 295.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 349.35 295.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 374.30 295.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 402.86 295.10 Td (along ) Tj ET Q q 0 0 0 rg BT 427.27 295.10 Td (with ) Tj ET Q q 0 0 0 rg BT 447.23 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.63 295.10 Td (number ) Tj ET Q q 0 0 0 rg BT 494.36 295.10 Td (that ) Tj ET Q q 0 0 0 rg BT 511.54 295.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.93 295.10 Td (open ) Tj ET Q q 0 0 0 rg BT 547.56 295.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 283.10 Td (current;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 265.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 265.10 Td (total ) Tj ET Q q 0 0 0 rg BT 147.99 265.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 181.02 265.10 Td (on ) Tj ET Q q 0 0 0 rg BT 193.52 265.10 Td (all ) Tj ET Q q 0 0 0 rg BT 206.02 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.85 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.56 265.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 276.41 265.10 Td (open ) Tj ET Q q 0 0 0 rg BT 298.35 265.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 339.17 265.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 364.44 265.10 Td (lines;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 247.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.71 247.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 172.55 247.10 Td (bankcard ) Tj ET Q q 0 0 0 rg BT 211.69 247.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 254.73 247.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 278.05 247.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 319.97 247.10 Td (as ) Tj ET Q q 0 0 0 rg BT 330.80 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.73 247.10 Td (percentage, ) Tj ET Q q 0 0 0 rg BT 386.02 247.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 426.83 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.54 247.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 462.36 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.18 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.89 247.10 Td (total ) Tj ET Q q 0 0 0 rg BT 508.16 247.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 541.19 247.10 Td (used, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.28 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.00 235.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 179.36 235.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 204.62 235.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 226.01 235.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 241.01 235.10 Td (all ) Tj ET Q q 0 0 0 rg BT 253.51 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.34 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.05 235.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 323.90 235.10 Td (open ) Tj ET Q q 0 0 0 rg BT 345.84 235.10 Td (bankcards;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 217.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 217.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 147.71 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.42 217.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 201.57 217.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 225.19 217.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.13 217.10 Td (home;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 199.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 199.10 Td (DTI ) Tj ET Q q 0 0 0 rg BT 132.16 199.10 Td (percentage; ) Tj ET Q q 0 0 0 rg BT 180.74 199.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 181.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 181.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 172.56 181.10 Td (self-reported ) Tj ET Q q 0 0 0 rg BT 226.14 181.10 Td (income ) Tj ET Q q 0 0 0 rg BT 258.08 181.10 Td (range, ) Tj ET Q q 0 0 0 rg BT 285.29 181.10 Td (occupation, ) Tj ET Q q 0 0 0 rg BT 334.16 181.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 386.65 181.10 Td (status, ) Tj ET Q q 0 0 0 rg BT 414.43 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.36 181.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 468.30 181.10 Td (use ) Tj ET Q q 0 0 0 rg BT 484.13 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.96 181.10 Td (funds.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 136.10 Td (For ) Tj ET Q q 0 0 0 rg BT 103.31 136.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 123.95 136.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 156.26 136.10 Td (begun ) Tj ET Q q 0 0 0 rg BT 184.12 136.10 Td (on ) Tj ET Q q 0 0 0 rg BT 197.54 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 209.29 136.10 Td (after ) Tj ET Q q 0 0 0 rg BT 231.02 136.10 Td (December ) Tj ET Q q 0 0 0 rg BT 275.53 136.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 291.45 136.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 317.37 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.00 136.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 378.77 136.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 412.74 136.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 442.82 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.68 136.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 494.65 136.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 520.84 136.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.14 136.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.28 124.10 Td (based ) Tj ET Q q 0 0 0 rg BT 122.35 124.10 Td (on ) Tj ET Q q 0 0 0 rg BT 134.65 124.10 Td (information ) Tj ET Q q 0 0 0 rg BT 184.16 124.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 220.89 124.10 Td (from ) Tj ET Q q 0 0 0 rg BT 242.63 124.10 Td (his ) Tj ET Q q 0 0 0 rg BT 256.60 124.10 Td (or ) Tj ET Q q 0 0 0 rg BT 267.23 124.10 Td (her ) Tj ET Q q 0 0 0 rg BT 282.13 124.10 Td (T) Tj ET Q q 0 0 0 rg BT 287.89 124.10 Td (ransUnion ) Tj ET Q q 0 0 0 rg BT 331.85 124.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 356.91 124.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 385.59 124.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.89 124.10 Td (For ) Tj ET Q q 0 0 0 rg BT 404.08 124.10 Td (all ) Tj ET Q q 0 0 0 rg BT 416.38 124.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 447.57 124.10 Td (begun ) Tj ET Q q 0 0 0 rg BT 474.31 124.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 496.05 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.13 124.10 Td (December ) Tj ET Q q 0 0 0 rg BT 549.51 124.10 Td (21, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 75.00 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.72 112.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 122.77 112.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 151.93 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.87 112.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 201.92 112.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 227.19 112.10 Td (were ) Tj ET Q q 0 0 0 rg BT 249.12 112.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 296.60 112.10 Td (using ) Tj ET Q q 0 0 0 rg BT 320.77 112.10 Td (information ) Tj ET Q q 0 0 0 rg BT 370.48 112.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 407.42 112.10 Td (from ) Tj ET Q q 0 0 0 rg BT 429.36 112.10 Td (Experian.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 108.58 82.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 139.51 82.10 Td (begun ) Tj ET Q q 0 0 0 rg BT 165.98 82.10 Td (on ) Tj ET Q q 0 0 0 rg BT 178.01 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 188.37 82.10 Td (after ) Tj ET Q q 0 0 0 rg BT 208.71 82.10 Td (December ) Tj ET Q q 0 0 0 rg BT 251.83 82.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 266.36 82.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 288.39 82.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 315.96 82.10 Td (credit-related ) Tj ET Q q 0 0 0 rg BT 371.28 82.10 Td (information ) Tj ET Q q 0 0 0 rg BT 420.53 82.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 456.99 82.10 Td (from ) Tj ET Q q 0 0 0 rg BT 478.46 82.10 Td (both ) Tj ET Q q 0 0 0 rg BT 498.12 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 503.88 82.10 Td (ransUnion ) Tj ET Q q 0 0 0 rg BT 547.57 82.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (Experian. ) Tj ET Q q 0 0 0 rg BT 89.88 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.16 70.10 Td (Specifically) Tj ET Q q 0 0 0 rg BT 138.27 70.10 Td (, ) Tj ET Q q 0 0 0 rg BT 142.06 70.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 172.24 70.10 Td (begun ) Tj ET Q q 0 0 0 rg BT 197.96 70.10 Td (on ) Tj ET Q q 0 0 0 rg BT 209.24 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.86 70.10 Td (after ) Tj ET Q q 0 0 0 rg BT 238.46 70.10 Td (such ) Tj ET Q q 0 0 0 rg BT 258.07 70.10 Td (date ) Tj ET Q q 0 0 0 rg BT 276.01 70.10 Td (display ) Tj ET Q q 0 0 0 rg BT 306.18 70.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 330.23 70.10 Td (score ) Tj ET Q q 0 0 0 rg BT 352.61 70.10 Td (information ) Tj ET Q q 0 0 0 rg BT 401.11 70.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 436.83 70.10 Td (from ) Tj ET Q q 0 0 0 rg BT 457.55 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.05 70.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 514.58 70.10 Td (T) Tj ET Q q 0 0 0 rg BT 520.34 70.10 Td (ransUnion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.71 58.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 105.03 58.10 Td (while ) Tj ET Q q 0 0 0 rg BT 130.20 58.10 Td (all ) Tj ET Q q 0 0 0 rg BT 143.14 58.10 Td (other ) Tj ET Q q 0 0 0 rg BT 166.63 58.10 Td (credit-related ) Tj ET Q q 0 0 0 rg BT 222.88 58.10 Td (information ) Tj ET Q q 0 0 0 rg BT 273.03 58.10 Td (displayed ) Tj ET Q q 0 0 0 rg BT 314.31 58.10 Td (on ) Tj ET Q q 0 0 0 rg BT 327.25 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.42 58.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 370.37 58.10 Td (is ) Tj ET Q q 0 0 0 rg BT 379.99 58.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 417.37 58.10 Td (from ) Tj ET Q q 0 0 0 rg BT 439.75 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.91 58.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 500.21 58.10 Td (Experian ) Tj ET Q q 0 0 0 rg BT 539.25 58.10 Td (credit ) Tj ET Q endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 78.91 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.44 742.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 120.64 742.10 Td (who ) Tj ET Q q 0 0 0 rg BT 140.39 742.10 Td (wish ) Tj ET Q q 0 0 0 rg BT 161.82 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.13 742.10 Td (view ) Tj ET Q q 0 0 0 rg BT 194.10 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 206.63 742.10 Td (available ) Tj ET Q q 0 0 0 rg BT 245.07 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 250.82 742.10 Td (ransUnion ) Tj ET Q q 0 0 0 rg BT 295.02 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.99 742.10 Td (Experian ) Tj ET Q q 0 0 0 rg BT 350.62 742.10 Td (data ) Tj ET Q q 0 0 0 rg BT 369.80 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 384.00 742.10 Td (these ) Tj ET Q q 0 0 0 rg BT 407.08 742.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 438.51 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 458.26 742.10 Td (do ) Tj ET Q q 0 0 0 rg BT 470.79 742.10 Td (so ) Tj ET Q q 0 0 0 rg BT 482.22 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.75 742.10 Td (setting ) Tj ET Q q 0 0 0 rg BT 523.95 742.10 Td (up ) Tj ET Q q 0 0 0 rg BT 536.48 742.10 Td (access ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 730.10 Td (Prosper's ) Tj ET Q q 0 0 0 rg BT 98.47 730.10 Td (API ) Tj ET Q q 0 0 0 rg BT 117.08 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.36 730.10 Td (their ) Tj ET Q q 0 0 0 rg BT 148.19 730.10 Td (account ) Tj ET Q q 0 0 0 rg BT 181.78 730.10 Td (Settings ) Tj ET Q q 0 0 0 rg BT 216.51 730.10 Td (tab. ) Tj ET Q q 0 0 0 rg BT 233.73 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 104.28 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.78 700.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.40 700.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 165.91 700.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 190.85 700.10 Td (profile ) Tj ET Q q 0 0 0 rg BT 219.68 700.10 Td (displayed ) Tj ET Q q 0 0 0 rg BT 260.17 700.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.13 700.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 301.20 700.10 Td (is ) Tj ET Q q 0 0 0 rg BT 310.04 700.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.65 700.10 Td (DTI ) Tj ET Q q 0 0 0 rg BT 335.48 700.10 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 358.48 700.10 Td (DTI ) Tj ET Q q 0 0 0 rg BT 377.31 700.10 Td (is ) Tj ET Q q 0 0 0 rg BT 386.16 700.10 Td (one ) Tj ET Q q 0 0 0 rg BT 402.77 700.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 438.26 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.76 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.15 700.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 507.67 700.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 535.39 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 545.34 700.10 Td (take ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.40 688.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 104.79 688.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 126.74 688.10 Td (This ) Tj ET Q q 0 0 0 rg BT 146.92 688.10 Td (number ) Tj ET Q q 0 0 0 rg BT 179.87 688.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 202.82 688.10 Td (into ) Tj ET Q q 0 0 0 rg BT 220.78 688.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 277.05 688.10 Td (how ) Tj ET Q q 0 0 0 rg BT 296.68 688.10 Td (much ) Tj ET Q q 0 0 0 rg BT 321.30 688.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 340.92 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.53 688.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 394.59 688.10 Td (has ) Tj ET Q q 0 0 0 rg BT 410.32 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.16 688.10 Td (will ) Tj ET Q q 0 0 0 rg BT 445.12 688.10 Td (have, ) Tj ET Q q 0 0 0 rg BT 468.90 688.10 Td (including ) Tj ET Q q 0 0 0 rg BT 509.07 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 688.10 Td (requested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 69.46 676.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 104.19 676.10 Td (DTI ) Tj ET Q q 0 0 0 rg BT 123.09 676.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.00 676.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 173.67 676.10 Td (as ) Tj ET Q q 0 0 0 rg BT 184.24 676.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.92 676.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 236.46 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.14 676.10 Td (is ) Tj ET Q q 0 0 0 rg BT 262.05 676.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 304.82 676.10 Td (by ) Tj ET Q q 0 0 0 rg BT 317.06 676.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 352.63 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.09 676.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 411.67 676.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 447.25 676.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 466.71 676.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 509.77 676.10 Td (including ) Tj ET Q q 0 0 0 rg BT 549.79 676.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 70.11 664.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 107.99 664.10 Td (from ) Tj ET Q q 0 0 0 rg BT 130.32 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.43 664.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 186.64 664.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 210.07 664.10 Td (being ) Tj ET Q q 0 0 0 rg BT 235.18 664.10 Td (requested, ) Tj ET Q q 0 0 0 rg BT 278.88 664.10 Td (by ) Tj ET Q q 0 0 0 rg BT 291.77 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.88 664.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 352.11 664.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 388.34 664.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 423.16 664.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 446.05 664.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 466.16 664.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 502.93 664.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.03 664.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 542.58 664.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.25 652.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 110.63 652.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 136.43 652.10 Td (report ) Tj ET Q q 0 0 0 rg BT 163.34 652.10 Td (without ) Tj ET Q q 0 0 0 rg BT 196.93 652.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 246.05 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.52 652.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 297.65 652.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 334.02 652.10 Td (housing ) Tj ET Q q 0 0 0 rg BT 368.72 652.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 412.58 652.10 Td (In ) Tj ET Q q 0 0 0 rg BT 423.94 652.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 462.25 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.50 652.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 522.88 652.10 Td (income ) Tj ET Q q 0 0 0 rg BT 555.35 652.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (self-reported ) Tj ET Q q 0 0 0 rg BT 103.58 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.52 640.10 Td (may ) Tj ET Q q 0 0 0 rg BT 140.24 640.10 Td (not ) Tj ET Q q 0 0 0 rg BT 155.52 640.10 Td (be ) Tj ET Q q 0 0 0 rg BT 167.46 640.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 201.05 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 213.55 640.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (For ) Tj ET Q q 0 0 0 rg BT 103.63 610.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 145.69 610.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 173.87 610.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 218.15 610.10 Td (through ) Tj ET Q q 0 0 0 rg BT 253.00 610.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.07 610.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 322.66 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 336.13 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 344.77 610.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 379.06 610.10 Td (between ) Tj ET Q q 0 0 0 rg BT 416.11 610.10 Td (July ) Tj ET Q q 0 0 0 rg BT 436.52 610.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 452.76 610.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 476.50 610.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.68 610.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 539.51 610.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 610.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 93.04 598.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 133.86 598.10 Td (their ) Tj ET Q q 0 0 0 rg BT 154.69 598.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 191.62 598.10 Td (use ) Tj ET Q q 0 0 0 rg BT 207.45 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.28 598.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 238.00 598.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 276.04 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 288.54 598.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 306.59 598.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 355.21 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.04 598.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 565.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 565.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 132.72 565.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 189.10 565.10 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 252.69 565.10 Td (76.1%\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 547.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 547.10 Td (business ) Tj ET Q q 0 0 0 rg BT 149.39 547.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 167.72 547.10 Td (such ) Tj ET Q q 0 0 0 rg BT 188.55 547.10 Td (as ) Tj ET Q q 0 0 0 rg BT 199.38 547.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 239.65 547.10 Td (their ) Tj ET Q q 0 0 0 rg BT 260.47 547.10 Td (home-based ) Tj ET Q q 0 0 0 rg BT 311.29 547.10 Td (or ) Tj ET Q q 0 0 0 rg BT 322.12 547.10 Td (small ) Tj ET Q q 0 0 0 rg BT 346.28 547.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 391.00 547.10 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 454.59 547.10 Td (2.2%\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 529.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 529.10 Td (home ) Tj ET Q q 0 0 0 rg BT 137.72 529.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 193.54 529.10 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 257.13 529.10 Td (6.7%\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 511.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 511.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 153.26 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.09 511.10 Td (medical/dental ) Tj ET Q q 0 0 0 rg BT 225.46 511.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 271.82 511.10 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 335.41 511.10 Td (2.9%\); ) Tj ET Q q 0 0 0 rg BT 364.85 511.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 493.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 493.10 Td (other ) Tj ET Q q 0 0 0 rg BT 136.05 493.10 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 199.64 493.10 Td (12.1%\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 463.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 113.67 463.10 Td (note ) Tj ET Q q 0 0 0 rg BT 133.02 463.10 Td (that ) Tj ET Q q 0 0 0 rg BT 150.14 463.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 189.48 463.10 Td (data ) Tj ET Q q 0 0 0 rg BT 208.27 463.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 248.71 463.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 289.16 463.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 315.72 463.10 Td (may ) Tj ET Q q 0 0 0 rg BT 335.07 463.10 Td (not ) Tj ET Q q 0 0 0 rg BT 349.97 463.10 Td (be ) Tj ET Q q 0 0 0 rg BT 361.54 463.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 403.10 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.56 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.90 463.10 Td (future ) Tj ET Q q 0 0 0 rg BT 453.91 463.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 513.22 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.68 463.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 80.47 451.10 Td (See ) Tj ET Q q 0 0 0 rg BT 98.44 451.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 124.39 451.10 Td (Factors- ) Tj ET Q q 0 0 0 rg BT 160.69 451.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 186.46 451.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 220.53 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.84 451.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 248.70 451.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.23 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.20 451.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 294.02 451.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 313.10 451.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 366.60 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.57 451.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 402.88 451.10 Td (Ability ) Tj ET Q q 0 0 0 rg BT 434.75 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.06 451.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 479.57 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.32 451.10 Td (Notes" ) Tj ET Q q 0 0 0 rg BT 526.26 451.10 Td (for ) Tj ET Q q 0 0 0 rg BT 541.46 451.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (How ) Tj ET Q q 0 0 0 rg BT 72.50 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.33 409.10 Td (Bid ) Tj ET Q q 0 0 0 rg BT 100.84 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.67 409.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 127.60 409.10 Td (chase ) Tj ET Q q 0 0 0 rg BT 153.43 409.10 Td (Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 379.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 126.35 379.10 Td (may ) Tj ET Q q 0 0 0 rg BT 147.25 379.10 Td (browse ) Tj ET Q q 0 0 0 rg BT 179.82 379.10 Td (online ) Tj ET Q q 0 0 0 rg BT 208.50 379.10 Td (through ) Tj ET Q q 0 0 0 rg BT 243.29 379.10 Td (available ) Tj ET Q q 0 0 0 rg BT 283.06 379.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 315.65 379.10 Td (displayed ) Tj ET Q q 0 0 0 rg BT 357.66 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.12 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.14 379.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 438.68 379.10 Td (by ) Tj ET Q q 0 0 0 rg BT 452.37 379.10 Td (desired ) Tj ET Q q 0 0 0 rg BT 484.93 379.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 505.83 379.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 542.01 379.10 Td (yield ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (percentage, ) Tj ET Q q 0 0 0 rg BT 98.33 367.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 131.42 367.10 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 163.12 367.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 203.97 367.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 222.07 367.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 242.09 367.10 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 305.71 367.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 329.07 367.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.94 367.10 Td (other ) Tj ET Q q 0 0 0 rg BT 363.02 367.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 402.20 367.10 Td (characteristics. ) Tj ET Q q 0 0 0 rg BT 464.42 367.10 Td (Only ) Tj ET Q q 0 0 0 rg BT 486.96 367.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 525.60 367.10 Td (that ) Tj ET Q q 0 0 0 rg BT 543.13 367.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (been ) Tj ET Q q 0 0 0 rg BT 71.24 355.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 110.82 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.96 355.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 165.52 355.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.67 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.08 355.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 219.10 355.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 242.01 355.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 277.70 355.10 Td (are ) Tj ET Q q 0 0 0 rg BT 292.28 355.10 Td (able ) Tj ET Q q 0 0 0 rg BT 311.30 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.44 355.10 Td (view ) Tj ET Q q 0 0 0 rg BT 343.24 355.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.94 355.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 369.08 355.10 Td (on ) Tj ET Q q 0 0 0 rg BT 381.45 355.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 412.71 355.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 441.19 355.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.33 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.74 355.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 494.76 355.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 517.68 355.10 Td (Channel. ) Tj ET Q q 0 0 0 rg BT 555.34 355.10 Td (A) Tj ET Q q 0 0 0 rg BT 562.01 355.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 65.06 343.10 Td (on ) Tj ET Q q 0 0 0 rg BT 77.35 343.10 Td (a ) Tj ET Q q 0 0 0 rg BT 84.07 343.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 111.36 343.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 139.75 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.81 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.31 343.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 186.04 343.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 221.65 343.10 Td (is ) Tj ET Q q 0 0 0 rg BT 230.60 343.10 Td (an ) Tj ET Q q 0 0 0 rg BT 242.32 343.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 282.52 343.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 315.36 343.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 368.19 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.25 343.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 416.07 343.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.80 343.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 444.52 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.58 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.08 343.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 506.91 343.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 539.19 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 343.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 90.48 331.10 Td (bid, ) Tj ET Q q 0 0 0 rg BT 108.33 331.10 Td (should ) Tj ET Q q 0 0 0 rg BT 137.57 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.36 331.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 179.93 331.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 211.37 331.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 230.61 331.10 Td (equaling ) Tj ET Q q 0 0 0 rg BT 267.61 331.10 Td (or ) Tj ET Q q 0 0 0 rg BT 278.51 331.10 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 321.62 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.40 331.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 368.97 331.10 Td (required ) Tj ET Q q 0 0 0 rg BT 404.86 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 419.09 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.87 331.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 461.45 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.80 331.10 Td (fund. ) Tj ET Q q 0 0 0 rg BT 495.20 331.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 534.43 331.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 549.78 331.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.62 319.10 Td (they ) Tj ET Q q 0 0 0 rg BT 102.46 319.10 Td (are ) Tj ET Q q 0 0 0 rg BT 117.30 319.10 Td (willing ) Tj ET Q q 0 0 0 rg BT 148.26 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.66 319.10 Td (commit ) Tj ET Q q 0 0 0 rg BT 191.84 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.24 319.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 240.41 319.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.47 319.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 269.54 319.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 313.26 319.10 Td (for ) Tj ET Q q 0 0 0 rg BT 327.54 319.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 364.60 319.10 Td (on ) Tj ET Q q 0 0 0 rg BT 377.23 319.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 418.18 319.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 435.04 319.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.67 319.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 473.04 319.10 Td (on ) Tj ET Q q 0 0 0 rg BT 485.67 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.51 319.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 541.46 319.10 Td (Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (described ) Tj ET Q q 0 0 0 rg BT 90.98 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.42 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.30 307.10 Td (listing. ) Tj ET Q q 0 0 0 rg BT 145.88 307.10 Td (A) Tj ET Q q 0 0 0 rg BT 152.55 307.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.22 307.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 170.66 307.10 Td (on ) Tj ET Q q 0 0 0 rg BT 183.32 307.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.42 307.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 218.09 307.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 246.86 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.31 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.99 307.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 301.31 307.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 324.52 307.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 360.51 307.10 Td (is ) Tj ET Q q 0 0 0 rg BT 369.84 307.10 Td (an ) Tj ET Q q 0 0 0 rg BT 381.95 307.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 422.52 307.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 475.73 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.17 307.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 524.37 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.25 307.10 Td (entire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.82 295.10 Td (Loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 265.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.99 265.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 146.98 265.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 179.97 265.10 Td (period ) Tj ET Q q 0 0 0 rg BT 207.96 265.10 Td (for ) Tj ET Q q 0 0 0 rg BT 222.06 265.10 Td (a ) Tj ET Q q 0 0 0 rg BT 228.93 265.10 Td (listing, ) Tj ET Q q 0 0 0 rg BT 258.88 265.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 293.52 265.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 322.07 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.29 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.94 265.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 368.82 265.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 407.09 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.57 265.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 450.66 265.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 473.65 265.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 509.41 265.10 Td (or ) Tj ET Q q 0 0 0 rg BT 520.18 265.10 Td (both, ) Tj ET Q q 0 0 0 rg BT 542.90 265.10 Td (is ) Tj ET Q q 0 0 0 rg BT 552.01 265.10 Td (14 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (days ) Tj ET Q q 0 0 0 rg BT 70.45 253.10 Td (after ) Tj ET Q q 0 0 0 rg BT 90.88 253.10 Td (posting ) Tj ET Q q 0 0 0 rg BT 122.45 253.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 140.11 253.10 Td ("maximum ) Tj ET Q q 0 0 0 rg BT 186.87 253.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 213.99 253.10 Td (period"\). ) Tj ET Q q 0 0 0 rg BT 251.41 253.10 Td (The ) Tj ET Q q 0 0 0 rg BT 269.08 253.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 301.75 253.10 Td (period ) Tj ET Q q 0 0 0 rg BT 329.42 253.10 Td (for ) Tj ET Q q 0 0 0 rg BT 343.20 253.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.75 253.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 376.88 253.10 Td (will ) Tj ET Q q 0 0 0 rg BT 394.55 253.10 Td (end ) Tj ET Q q 0 0 0 rg BT 411.11 253.10 Td (before ) Tj ET Q q 0 0 0 rg BT 438.76 253.10 Td (14 ) Tj ET Q q 0 0 0 rg BT 450.88 253.10 Td (days ) Tj ET Q q 0 0 0 rg BT 471.33 253.10 Td (if ) Tj ET Q q 0 0 0 rg BT 479.55 253.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 491.11 253.10 Td (for ) Tj ET Q q 0 0 0 rg BT 504.89 253.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 535.90 253.10 Td (posted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.88 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.20 241.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 98.74 241.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 137.66 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.98 241.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 181.08 241.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 216.94 241.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 236.71 241.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 270.36 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.68 241.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 306.00 241.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 339.09 241.10 Td (requested, ) Tj ET Q q 0 0 0 rg BT 383.01 241.10 Td (or ) Tj ET Q q 0 0 0 rg BT 394.44 241.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 409.76 241.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.52 241.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 456.51 241.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 485.72 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.60 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.69 241.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 541.45 241.10 Td (Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 88.12 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.64 229.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 129.94 229.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 165.00 229.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.73 229.10 Td (bid. ) Tj ET Q q 0 0 0 rg BT 189.31 229.10 Td (If ) Tj ET Q q 0 0 0 rg BT 198.27 229.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.01 229.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 232.31 229.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 260.72 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.79 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.14 229.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 314.10 229.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 336.94 229.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 372.57 229.10 Td (does ) Tj ET Q q 0 0 0 rg BT 393.20 229.10 Td (not ) Tj ET Q q 0 0 0 rg BT 408.27 229.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 439.44 229.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.17 229.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 461.25 229.10 Td (before ) Tj ET Q q 0 0 0 rg BT 489.09 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.60 229.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 536.46 229.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.52 217.10 Td (that ) Tj ET Q q 0 0 0 rg BT 82.37 217.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 116.32 217.10 Td (has ) Tj ET Q q 0 0 0 rg BT 132.51 217.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 159.25 217.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 189.87 217.10 Td (period ) Tj ET Q q 0 0 0 rg BT 218.28 217.10 Td (is ) Tj ET Q q 0 0 0 rg BT 227.80 217.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 275.64 217.10 Td (by ) Tj ET Q q 0 0 0 rg BT 288.50 217.10 Td (us ) Tj ET Q q 0 0 0 rg BT 300.25 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.89 217.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.07 217.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 346.04 217.10 Td (discretion\), ) Tj ET Q q 0 0 0 rg BT 394.16 217.10 Td (then ) Tj ET Q q 0 0 0 rg BT 414.24 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.31 217.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 457.17 217.10 Td (will ) Tj ET Q q 0 0 0 rg BT 475.59 217.10 Td (be ) Tj ET Q q 0 0 0 rg BT 487.89 217.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 516.85 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.49 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.56 217.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 86.06 205.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.45 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.40 205.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 158.66 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.72 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.67 205.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 227.96 205.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 255.69 205.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 286.47 205.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 309.20 205.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.37 205.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 344.11 205.10 Td (is ) Tj ET Q q 0 0 0 rg BT 353.51 205.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 394.57 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.08 205.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 443.92 205.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.98 205.10 Td (having ) Tj ET Q q 0 0 0 rg BT 484.93 205.10 Td (first ) Tj ET Q q 0 0 0 rg BT 503.77 205.10 Td (been ) Tj ET Q q 0 0 0 rg BT 525.38 205.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 554.22 205.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.85 193.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 92.26 193.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 114.57 193.10 Td (Channel. ) Tj ET Q q 0 0 0 rg BT 152.15 193.10 Td (If ) Tj ET Q q 0 0 0 rg BT 160.57 193.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.76 193.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 193.53 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 203.06 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.04 193.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 238.23 193.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 273.32 193.10 Td (does ) Tj ET Q q 0 0 0 rg BT 293.40 193.10 Td (not ) Tj ET Q q 0 0 0 rg BT 307.94 193.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 338.56 193.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 356.99 193.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 380.40 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.94 193.10 Td (or ) Tj ET Q q 0 0 0 rg BT 400.02 193.10 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 442.31 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.29 193.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 496.94 193.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 528.69 193.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.70 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.96 181.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 97.22 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.05 181.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 127.42 181.10 Td (by ) Tj ET Q q 0 0 0 rg BT 139.46 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.72 181.10 Td (end ) Tj ET Q q 0 0 0 rg BT 170.21 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.58 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.84 181.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 237.43 181.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 270.03 181.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 300.12 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.38 181.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 341.43 181.10 Td (will ) Tj ET Q q 0 0 0 rg BT 359.03 181.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 398.84 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.32 181.10 Td (will ) Tj ET Q q 0 0 0 rg BT 432.92 181.10 Td (not ) Tj ET Q q 0 0 0 rg BT 447.74 181.10 Td (be ) Tj ET Q q 0 0 0 rg BT 459.22 181.10 Td (funded. ) Tj ET Q q 0 0 0 rg BT 491.08 181.10 Td (Applicants ) Tj ET Q q 0 0 0 rg BT 536.45 181.10 Td (whose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 81.38 169.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 108.85 169.10 Td (due ) Tj ET Q q 0 0 0 rg BT 125.77 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.03 169.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.95 169.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 167.77 169.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 195.79 169.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 228.27 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.08 169.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 258.23 169.10 Td (may ) Tj ET Q q 0 0 0 rg BT 277.93 169.10 Td (post ) Tj ET Q q 0 0 0 rg BT 297.08 169.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.00 169.10 Td (new ) Tj ET Q q 0 0 0 rg BT 323.14 169.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 350.63 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.89 169.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.70 169.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 430.54 169.10 Td (although ) Tj ET Q q 0 0 0 rg BT 468.02 169.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 484.88 169.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.36 169.10 Td (has ) Tj ET Q q 0 0 0 rg BT 503.17 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.87 169.10 Td (right ) Tj ET Q q 0 0 0 rg BT 539.24 169.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 157.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 103.87 157.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 151.91 157.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 196.05 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.33 157.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 227.72 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.44 157.10 Td (number ) Tj ET Q q 0 0 0 rg BT 275.48 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.31 157.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 317.71 157.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.65 157.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 363.80 157.10 Td (may ) Tj ET Q q 0 0 0 rg BT 383.52 157.10 Td (post ) Tj ET Q q 0 0 0 rg BT 402.69 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.96 157.10 Td (our ) Tj ET Q q 0 0 0 rg BT 428.79 157.10 Td (marketplace.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 127.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.25 127.10 Td (order ) Tj ET Q q 0 0 0 rg BT 119.27 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.97 127.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 143.67 127.10 Td (on ) Tj ET Q q 0 0 0 rg BT 155.59 127.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.95 127.10 Td (listing, ) Tj ET Q q 0 0 0 rg BT 191.37 127.10 Td (an ) Tj ET Q q 0 0 0 rg BT 202.73 127.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 236.87 127.10 Td (must ) Tj ET Q q 0 0 0 rg BT 258.24 127.10 Td (have ) Tj ET Q q 0 0 0 rg BT 279.03 127.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 303.18 127.10 Td (on ) Tj ET Q q 0 0 0 rg BT 315.10 127.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 345.90 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.60 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.74 127.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 412.75 127.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 445.78 127.10 Td (account ) Tj ET Q q 0 0 0 rg BT 478.79 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.49 127.10 Td (at ) Tj ET Q q 0 0 0 rg BT 497.63 127.10 Td (least ) Tj ET Q q 0 0 0 rg BT 517.87 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.01 127.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.14 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.17 115.10 Td (bid. ) Tj ET Q q 0 0 0 rg BT 94.27 115.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 118.18 115.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 137.66 115.10 Td (are ) Tj ET Q q 0 0 0 rg BT 152.68 115.10 Td (placed, ) Tj ET Q q 0 0 0 rg BT 184.09 115.10 Td (they ) Tj ET Q q 0 0 0 rg BT 204.12 115.10 Td (are ) Tj ET Q q 0 0 0 rg BT 219.14 115.10 Td (irrevocable. ) Tj ET Q q 0 0 0 rg BT 269.43 115.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 308.90 115.10 Td (may ) Tj ET Q q 0 0 0 rg BT 328.93 115.10 Td (not ) Tj ET Q q 0 0 0 rg BT 344.53 115.10 Td (cancel ) Tj ET Q q 0 0 0 rg BT 372.87 115.10 Td (their ) Tj ET Q q 0 0 0 rg BT 394.01 115.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 413.50 115.10 Td (or ) Tj ET Q q 0 0 0 rg BT 424.64 115.10 Td (withdraw ) Tj ET Q q 0 0 0 rg BT 465.22 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.25 115.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 513.06 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.21 115.10 Td (their ) Tj ET Q q 0 0 0 rg BT 545.34 115.10 Td (bids ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.34 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.45 103.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 131.44 103.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 165.44 103.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 203.32 103.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 231.22 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.33 103.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 279.79 103.10 Td (period ) Tj ET Q q 0 0 0 rg BT 308.23 103.10 Td (expires ) Tj ET Q q 0 0 0 rg BT 340.00 103.10 Td (without ) Tj ET Q q 0 0 0 rg BT 373.46 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.57 103.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 416.47 103.10 Td (having ) Tj ET Q q 0 0 0 rg BT 446.59 103.10 Td (received ) Tj ET Q q 0 0 0 rg BT 483.35 103.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 502.91 103.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.59 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.70 103.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 93.61 91.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 130.83 91.10 Td (or ) Tj ET Q q 0 0 0 rg BT 143.88 91.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 173.60 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.54 91.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 220.27 91.10 Td (is ) Tj ET Q q 0 0 0 rg BT 231.66 91.10 Td (withdrawn ) Tj ET Q q 0 0 0 rg BT 279.15 91.10 Td (or ) Tj ET Q q 0 0 0 rg BT 292.20 91.10 Td (canceled. ) Tj ET Q q 0 0 0 rg BT 334.39 91.10 Td (See ) Tj ET Q q 0 0 0 rg BT 353.55 91.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 387.36 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.30 91.10 Td (Marketplace-Marketplace ) Tj ET Q q 0 0 0 rg BT 512.29 91.10 Td (Participants, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (Registration ) Tj ET Q q 0 0 0 rg BT 101.38 79.10 Td (Requirements ) Tj ET Q q 0 0 0 rg BT 159.42 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.36 79.10 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 218.87 79.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 246.36 79.10 Td (Criteria-Investors" ) Tj ET Q q 0 0 0 rg BT 323.48 79.10 Td (for ) Tj ET Q q 0 0 0 rg BT 337.64 79.10 Td (more ) Tj ET Q q 0 0 0 rg BT 360.68 79.10 Td (information.) Tj ET Q endstream endobj 137 0 obj <> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 123.68 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.07 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.19 742.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 185.98 742.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 218.87 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 231.20 742.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 266.32 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 286.43 742.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 302.11 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 315.00 742.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 346.80 742.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 375.80 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.48 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.59 742.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 423.93 742.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 460.15 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 469.71 742.10 Td ($25. ) Tj ET Q q 0 0 0 rg BT 490.11 742.10 Td (Depending ) Tj ET Q q 0 0 0 rg BT 536.89 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.78 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.38 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.09 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.69 730.10 Td (winning ) Tj ET Q q 0 0 0 rg BT 142.86 730.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 161.91 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 171.51 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.11 730.10 Td (end ) Tj ET Q q 0 0 0 rg BT 202.94 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.65 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.25 730.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 261.19 730.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 291.62 730.10 Td (there ) Tj ET Q q 0 0 0 rg BT 313.99 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 333.59 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 345.42 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.24 730.10 Td (winning ) Tj ET Q q 0 0 0 rg BT 387.40 730.10 Td (bidder ) Tj ET Q q 0 0 0 rg BT 415.33 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 427.72 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 434.54 730.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 461.93 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 472.09 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.69 730.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 508.52 730.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 544.23 730.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 718.10 Td (winning ) Tj ET Q q 0 0 0 rg BT 92.22 718.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 107.50 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.33 718.10 Td (less ) Tj ET Q q 0 0 0 rg BT 135.83 718.10 Td (than ) Tj ET Q q 0 0 0 rg BT 155.54 718.10 Td ($25, ) Tj ET Q q 0 0 0 rg BT 175.54 718.10 Td (but ) Tj ET Q q 0 0 0 rg BT 190.82 718.10 Td (there ) Tj ET Q q 0 0 0 rg BT 213.31 718.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 242.46 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 254.40 718.10 Td (more ) Tj ET Q q 0 0 0 rg BT 277.45 718.10 Td (than ) Tj ET Q q 0 0 0 rg BT 297.16 718.10 Td (one ) Tj ET Q q 0 0 0 rg BT 314.10 718.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 342.14 718.10 Td (winning ) Tj ET Q q 0 0 0 rg BT 377.42 718.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 392.70 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 405.20 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.14 718.10 Td (listing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td (All ) Tj ET Q q 0 0 0 rg BT 101.20 688.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 120.29 688.10 Td (may ) Tj ET Q q 0 0 0 rg BT 139.93 688.10 Td (be ) Tj ET Q q 0 0 0 rg BT 151.79 688.10 Td (up ) Tj ET Q q 0 0 0 rg BT 164.21 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.41 688.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 200.17 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.92 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.56 688.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 266.29 688.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 285.93 688.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 320.67 688.10 Td (The ) Tj ET Q q 0 0 0 rg BT 338.64 688.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 381.62 688.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 422.90 688.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 455.32 688.10 Td (an ) Tj ET Q q 0 0 0 rg BT 467.18 688.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 510.15 688.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 544.79 688.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 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515.46 490.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 554.22 490.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (easily ) Tj ET Q q 0 0 0 rg BT 75.57 478.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 101.71 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.74 478.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 137.31 478.10 Td (that ) Tj ET Q q 0 0 0 rg BT 154.56 478.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 176.24 478.10 Td (their ) Tj ET Q q 0 0 0 rg BT 196.81 478.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 230.16 478.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 276.29 478.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 306.85 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 319.09 478.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 375.77 478.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 408.57 478.10 Td (any ) Tj ET Q q 0 0 0 rg BT 425.26 478.10 Td (available ) Tj ET Q q 0 0 0 rg BT 463.60 478.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 488.07 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.09 478.10 Td (their ) Tj ET Q q 0 0 0 rg BT 518.67 478.10 Td (account ) Tj ET Q q 0 0 0 rg BT 552.01 478.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 74.98 466.10 Td (that ) Tj ET Q q 0 0 0 rg BT 91.63 466.10 Td (match ) Tj ET Q q 0 0 0 rg BT 117.72 466.10 Td (their ) Tj ET Q q 0 0 0 rg BT 137.70 466.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 171.55 466.10 Td (parameters, ) Tj ET Q q 0 0 0 rg BT 219.57 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.00 466.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 275.61 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 295.04 466.10 Td (their ) Tj ET Q q 0 0 0 rg BT 315.02 466.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 352.77 466.10 Td (instructions. ) Tj ET Q q 0 0 0 rg BT 403.58 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.87 466.10 Td (An ) Tj ET Q q 0 0 0 rg BT 418.75 466.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 452.62 466.10 Td (using ) Tj ET Q q 0 0 0 rg BT 475.94 466.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 517.58 466.10 Td (Investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.75 454.10 Td (asked ) Tj ET Q q 0 0 0 rg BT 83.60 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.46 454.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 127.19 454.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 138.71 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.00 454.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 185.63 454.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 214.38 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 224.79 454.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 257.43 454.10 Td (he ) Tj ET Q q 0 0 0 rg BT 268.95 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.36 454.10 Td (she ) Tj ET Q q 0 0 0 rg BT 294.77 454.10 Td (wishes ) Tj ET Q q 0 0 0 rg BT 324.07 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.93 454.10 Td (use ) Tj ET Q q 0 0 0 rg BT 349.34 454.10 Td (as ) Tj ET Q q 0 0 0 rg BT 359.75 454.10 Td (search ) Tj ET Q q 0 0 0 rg BT 387.36 454.10 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 420.25 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.77 454.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 451.07 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.37 454.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 497.44 454.10 Td (he ) Tj ET Q q 0 0 0 rg BT 508.96 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 519.37 454.10 Td (she ) Tj ET Q q 0 0 0 rg BT 534.78 454.10 Td (wishes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.23 442.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 86.57 442.10 Td (per ) Tj ET Q q 0 0 0 rg BT 101.79 442.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 126.18 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.63 442.10 Td (If ) Tj ET Q q 0 0 0 rg BT 137.74 442.10 Td (he ) Tj ET Q q 0 0 0 rg BT 149.63 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 160.41 442.10 Td (she ) Tj ET Q q 0 0 0 rg BT 176.19 442.10 Td (wishes, ) Tj ET Q q 0 0 0 rg BT 208.36 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.03 442.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 257.70 442.10 Td (can ) Tj ET Q q 0 0 0 rg BT 274.03 442.10 Td (further ) Tj ET Q q 0 0 0 rg BT 303.69 442.10 Td (customize ) Tj ET Q q 0 0 0 rg BT 346.68 442.10 Td (his ) Tj ET Q q 0 0 0 rg BT 360.80 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 371.58 442.10 Td (her ) Tj ET Q q 0 0 0 rg BT 386.80 442.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 433.13 442.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 463.90 442.10 Td (by ) Tj ET Q q 0 0 0 rg BT 476.35 442.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 513.79 442.10 Td (one ) Tj ET Q q 0 0 0 rg BT 530.68 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.46 442.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.82 430.10 Td (several ) Tj ET Q q 0 0 0 rg BT 91.63 430.10 Td (dozen ) Tj ET Q q 0 0 0 rg BT 118.00 430.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 160.49 430.10 Td (search ) Tj ET Q q 0 0 0 rg BT 188.52 430.10 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 221.83 430.10 Td (such ) Tj ET Q q 0 0 0 rg BT 242.65 430.10 Td (as ) Tj ET Q q 0 0 0 rg BT 253.47 430.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 273.18 430.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 308.17 430.10 Td (debt-to-income ) Tj ET Q q 0 0 0 rg BT 371.76 430.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 392.58 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.51 430.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 434.77 430.10 Td (score. ) Tj ET Q q 0 0 0 rg BT 460.86 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.17 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 481.21 430.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 515.92 430.10 Td (can ) Tj ET Q q 0 0 0 rg BT 532.30 430.10 Td (also ) Tj ET Q q 0 0 0 rg BT 550.90 430.10 Td (set ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (aside ) Tj ET Q q 0 0 0 rg BT 73.05 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 79.99 418.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 113.58 418.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 146.07 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.90 418.10 Td (his ) Tj ET Q q 0 0 0 rg BT 171.07 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 181.90 418.10 Td (her ) Tj ET Q q 0 0 0 rg BT 197.17 418.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 221.89 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 232.72 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.66 418.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 259.93 418.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 291.30 418.10 Td (that ) Tj ET Q q 0 0 0 rg BT 308.79 418.10 Td (will ) Tj ET Q q 0 0 0 rg BT 326.85 418.10 Td (not ) Tj ET Q q 0 0 0 rg BT 342.13 418.10 Td (be ) Tj ET Q q 0 0 0 rg BT 354.07 418.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 389.89 418.10 Td (by ) Tj ET Q q 0 0 0 rg BT 402.39 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.11 418.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 459.59 418.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 506.53 418.10 Td (tool.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 388.10 Td (After ) Tj ET Q q 0 0 0 rg BT 109.31 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.74 388.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 158.17 388.10 Td (has ) Tj ET Q q 0 0 0 rg BT 173.71 388.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 205.34 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.99 388.10 Td (saved ) Tj ET Q q 0 0 0 rg BT 246.97 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.40 388.10 Td (parameters ) Tj ET Q q 0 0 0 rg BT 307.47 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.01 388.10 Td (his ) Tj ET Q q 0 0 0 rg BT 331.89 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 342.43 388.10 Td (her ) Tj ET Q q 0 0 0 rg BT 357.41 388.10 Td (search, ) Tj ET Q q 0 0 0 rg BT 387.66 388.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 429.86 388.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 476.50 388.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 533.14 388.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 544.79 388.10 Td (runs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (searches ) Tj ET Q q 0 0 0 rg BT 85.87 376.10 Td (on ) Tj ET Q q 0 0 0 rg BT 97.88 376.10 Td (his ) Tj ET Q q 0 0 0 rg BT 111.55 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 121.89 376.10 Td (her ) Tj ET Q q 0 0 0 rg BT 136.67 376.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 181.43 376.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 211.75 376.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.09 376.10 Td (new ) Tj ET Q q 0 0 0 rg BT 240.75 376.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 271.66 376.10 Td (are ) Tj ET Q q 0 0 0 rg BT 285.87 376.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 313.98 376.10 Td (on ) Tj ET Q q 0 0 0 rg BT 325.99 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.21 376.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 393.57 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.02 376.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 424.24 376.10 Td (places ) Tj ET Q q 0 0 0 rg BT 451.23 376.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 469.91 376.10 Td (on ) Tj ET Q q 0 0 0 rg BT 481.91 376.10 Td (any ) Tj ET Q q 0 0 0 rg BT 498.36 376.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 523.69 376.10 Td (identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 364.10 Td (each ) Tj ET Q q 0 0 0 rg BT 83.32 364.10 Td (such ) Tj ET Q q 0 0 0 rg BT 104.15 364.10 Td (search.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.63 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.82 334.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 131.57 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.88 334.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 169.18 334.10 Td (that ) Tj ET Q q 0 0 0 rg BT 187.15 334.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 209.55 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.74 334.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 265.63 334.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 296.91 334.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 331.53 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.72 334.10 Td (total ) Tj ET Q q 0 0 0 rg BT 367.46 334.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 400.43 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.73 334.10 Td (available ) Tj ET Q q 0 0 0 rg BT 450.79 334.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 475.99 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.74 334.10 Td (his ) Tj ET Q q 0 0 0 rg BT 501.38 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 512.68 334.10 Td (her ) Tj ET Q q 0 0 0 rg BT 528.43 334.10 Td (account, ) Tj ET Q q 0 0 0 rg BT 564.52 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 91.90 322.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 138.24 322.10 Td (selects ) Tj ET Q q 0 0 0 rg BT 166.81 322.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 192.05 322.10 Td (from ) Tj ET Q q 0 0 0 rg BT 213.40 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.52 322.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 247.21 322.10 Td (based ) Tj ET Q q 0 0 0 rg BT 271.89 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.80 322.10 Td (what ) Tj ET Q q 0 0 0 rg BT 305.15 322.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 350.36 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.60 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.73 322.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 393.86 322.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 425.76 322.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 465.99 322.10 Td (under ) Tj ET Q q 0 0 0 rg BT 490.67 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.80 322.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 76.58 310.10 Td (has ) Tj ET Q q 0 0 0 rg BT 91.49 310.10 Td (already ) Tj ET Q q 0 0 0 rg BT 122.50 310.10 Td (received ) Tj ET Q q 0 0 0 rg BT 157.94 310.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 190.63 310.10 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 249.15 310.10 Td (with ) Tj ET Q q 0 0 0 rg BT 268.50 310.10 Td (those ) Tj ET Q q 0 0 0 rg BT 291.19 310.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 321.67 310.10 Td (having ) Tj ET Q q 0 0 0 rg BT 350.46 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.26 310.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 394.73 310.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 439.61 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.52 310.10 Td (their ) Tj ET Q q 0 0 0 rg BT 469.42 310.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 509.32 310.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 528.11 310.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 79.78 298.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 114.00 298.10 Td (first. ) Tj ET Q q 0 0 0 rg BT 134.62 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.63 298.10 Td (If ) Tj ET Q q 0 0 0 rg BT 145.31 298.10 Td (there ) Tj ET Q q 0 0 0 rg BT 167.30 298.10 Td (are ) Tj ET Q q 0 0 0 rg BT 181.52 298.10 Td (two ) Tj ET Q q 0 0 0 rg BT 198.54 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 208.88 298.10 Td (more ) Tj ET Q q 0 0 0 rg BT 231.44 298.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 256.78 298.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 284.35 298.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 343.57 298.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 374.48 298.10 Td (have ) Tj ET Q q 0 0 0 rg BT 395.37 298.10 Td (received ) Tj ET Q q 0 0 0 rg BT 431.24 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.47 298.10 Td (same ) Tj ET Q q 0 0 0 rg BT 468.03 298.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 513.35 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.69 298.10 Td (requested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 77.37 286.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 120.00 286.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 167.08 286.10 Td (selects ) Tj ET Q q 0 0 0 rg BT 196.38 286.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 222.36 286.10 Td (from ) Tj ET Q q 0 0 0 rg BT 244.44 286.10 Td (that ) Tj ET Q q 0 0 0 rg BT 262.08 286.10 Td (subset ) Tj ET Q q 0 0 0 rg BT 289.73 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.71 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.57 286.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 336.00 286.10 Td (based ) Tj ET Q q 0 0 0 rg BT 361.41 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 374.06 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.92 286.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 427.11 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.09 286.10 Td (first ) Tj ET Q q 0 0 0 rg BT 456.84 286.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 469.77 286.10 Td (first ) Tj ET Q q 0 0 0 rg BT 488.52 286.10 Td (out, ) Tj ET Q q 0 0 0 rg BT 506.45 286.10 Td (i.e., ) Tj ET Q q 0 0 0 rg BT 523.81 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.67 286.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 78.05 274.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 137.76 274.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 169.16 274.10 Td (were ) Tj ET Q q 0 0 0 rg BT 191.08 274.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 219.69 274.10 Td (on ) Tj ET Q q 0 0 0 rg BT 232.19 274.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.02 274.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 299.38 274.10 Td (earliest ) Tj ET Q q 0 0 0 rg BT 330.75 274.10 Td (will ) Tj ET Q q 0 0 0 rg BT 348.81 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 360.75 274.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 395.45 274.10 Td (first.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 244.10 Td (As ) Tj ET Q q 0 0 0 rg BT 99.49 244.10 Td (with ) Tj ET Q q 0 0 0 rg BT 119.64 244.10 Td (an ) Tj ET Q q 0 0 0 rg BT 131.45 244.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 166.04 244.10 Td (making ) Tj ET Q q 0 0 0 rg BT 198.41 244.10 Td (manual ) Tj ET Q q 0 0 0 rg BT 230.22 244.10 Td (bids, ) Tj ET Q q 0 0 0 rg BT 251.77 244.10 Td (an ) Tj ET Q q 0 0 0 rg BT 263.58 244.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 298.17 244.10 Td (using ) Tj ET Q q 0 0 0 rg BT 322.22 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.81 244.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 379.17 244.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 425.98 244.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 443.91 244.10 Td (is ) Tj ET Q q 0 0 0 rg BT 452.95 244.10 Td (not ) Tj ET Q q 0 0 0 rg BT 468.10 244.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 508.80 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.95 244.10 Td (place ) Tj ET Q q 0 0 0 rg BT 542.42 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 549.23 244.10 Td (bid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 77.66 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.53 232.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 133.10 232.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 157.98 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.42 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.29 232.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 227.04 232.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 260.80 232.10 Td (account ) Tj ET Q q 0 0 0 rg BT 294.55 232.10 Td (are ) Tj ET Q q 0 0 0 rg BT 309.42 232.10 Td (suf) Tj ET Q q 0 0 0 rg BT 321.46 232.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 349.66 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.10 232.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 384.96 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.83 232.10 Td (bid, ) Tj ET Q q 0 0 0 rg BT 417.77 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.87 232.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 459.75 232.10 Td (will ) Tj ET Q q 0 0 0 rg BT 477.96 232.10 Td (only ) Tj ET Q q 0 0 0 rg BT 498.40 232.10 Td (be ) Tj ET Q q 0 0 0 rg BT 510.49 232.10 Td (debited ) Tj ET Q q 0 0 0 rg BT 542.58 232.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (his ) Tj ET Q q 0 0 0 rg BT 64.17 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 75.00 220.10 Td (her ) Tj ET Q q 0 0 0 rg BT 90.27 220.10 Td (account ) Tj ET Q q 0 0 0 rg BT 123.86 220.10 Td (if ) Tj ET Q q 0 0 0 rg BT 132.47 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.41 220.10 Td (when ) Tj ET Q q 0 0 0 rg BT 173.57 220.10 Td (his ) Tj ET Q q 0 0 0 rg BT 187.74 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 198.57 220.10 Td (her ) Tj ET Q q 0 0 0 rg BT 213.84 220.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 229.12 220.10 Td (is ) Tj ET Q q 0 0 0 rg BT 238.29 220.10 Td (successful.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 190.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.53 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.94 190.10 Td (event ) Tj ET Q q 0 0 0 rg BT 134.79 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.32 190.10 Td (any ) Tj ET Q q 0 0 0 rg BT 161.96 190.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 187.47 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.45 190.10 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 239.63 190.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 286.26 190.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.46 190.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 327.86 190.10 Td (an ) Tj ET Q q 0 0 0 rg BT 339.50 190.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 373.91 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.89 190.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 421.62 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 428.26 190.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 449.89 190.10 Td (that ) Tj ET Q q 0 0 0 rg BT 467.08 190.10 Td (such ) Tj ET Q q 0 0 0 rg BT 487.61 190.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 522.03 190.10 Td (would ) Tj ET Q q 0 0 0 rg BT 549.22 190.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 91.67 178.10 Td (have ) Tj ET Q q 0 0 0 rg BT 113.34 178.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 156.67 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 167.79 178.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.58 178.10 Td (dif) Tj ET Q q 0 0 0 rg BT 196.50 178.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 214.29 178.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 257.62 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 279.85 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.85 178.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 317.08 178.10 Td (such ) Tj ET Q q 0 0 0 rg BT 338.21 178.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 373.22 178.10 Td (would ) Tj ET Q q 0 0 0 rg BT 401.01 178.10 Td (have ) Tj ET Q q 0 0 0 rg BT 422.68 178.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 466.01 178.10 Td (had ) Tj ET Q q 0 0 0 rg BT 483.24 178.10 Td (there ) Tj ET Q q 0 0 0 rg BT 506.01 178.10 Td (been ) Tj ET Q q 0 0 0 rg BT 527.68 178.10 Td (no ) Tj ET Q q 0 0 0 rg BT 540.47 178.10 Td (error) Tj ET Q q 0 0 0 rg BT 559.50 178.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.90 166.10 Td (will ) Tj ET Q q 0 0 0 rg BT 88.49 166.10 Td (either ) Tj ET Q q 0 0 0 rg BT 114.29 166.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 160.63 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.89 166.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 200.86 166.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 245.00 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.26 166.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 295.51 166.10 Td (against ) Tj ET Q q 0 0 0 rg BT 326.88 166.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 353.80 166.10 Td (suf) Tj ET Q q 0 0 0 rg BT 365.84 166.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 389.42 166.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.46 166.10 Td (that ) Tj ET Q q 0 0 0 rg BT 420.49 166.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 442.96 166.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.33 166.10 Td (cure ) Tj ET Q q 0 0 0 rg BT 474.58 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.83 166.10 Td (breach. ) Tj ET Q q 0 0 0 rg BT 522.01 166.10 Td (Recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 96.93 154.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 126.09 154.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.03 154.10 Td (used ) Tj ET Q q 0 0 0 rg BT 158.86 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.14 154.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 184.41 154.10 Td (on ) Tj ET Q q 0 0 0 rg BT 196.91 154.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 228.31 154.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 256.92 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.20 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.73 154.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 310.89 154.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 333.94 154.10 Td (Channel.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 72.51 124.10 Td (Invest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 104.57 94.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 149.24 94.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 169.47 94.10 Td (search ) Tj ET Q q 0 0 0 rg BT 198.03 94.10 Td (tool, ) Tj ET Q q 0 0 0 rg BT 218.43 94.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 241.45 94.10 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 271.41 94.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 299.97 94.10 Td (it ) Tj ET Q q 0 0 0 rg BT 308.55 94.10 Td (easier ) Tj ET Q q 0 0 0 rg BT 334.88 94.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.56 94.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 388.68 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.48 94.10 Td (build ) Tj ET Q q 0 0 0 rg BT 423.05 94.10 Td (their ) Tj ET Q q 0 0 0 rg BT 444.40 94.10 Td (desired ) Tj ET Q q 0 0 0 rg BT 476.29 94.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 514.30 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.65 94.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 552.00 94.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 106.21 82.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 144.65 82.10 Td (any ) Tj ET Q q 0 0 0 rg BT 160.87 82.10 Td (available ) Tj ET Q q 0 0 0 rg BT 198.75 82.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 222.75 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.31 82.10 Td (an ) Tj ET Q q 0 0 0 rg BT 243.53 82.10 Td (investor) Tj ET Q q 0 0 0 rg BT 276.12 82.10 Td () Tj ET Q q 0 0 0 rg BT 278.90 82.10 Td (s ) Tj ET Q q 0 0 0 rg BT 284.57 82.10 Td (account ) Tj ET Q q 0 0 0 rg BT 317.45 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.01 82.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 352.12 82.10 Td (that ) Tj ET Q q 0 0 0 rg BT 368.90 82.10 Td (match ) Tj ET Q q 0 0 0 rg BT 395.11 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.11 82.10 Td (investor) Tj ET Q q 0 0 0 rg BT 441.70 82.10 Td () Tj ET Q q 0 0 0 rg BT 444.48 82.10 Td (s ) Tj ET Q q 0 0 0 rg BT 450.15 82.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 488.03 82.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 533.69 82.10 Td (criteria ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.85 70.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 108.69 70.10 Td (tar) Tj ET Q q 0 0 0 rg BT 119.05 70.10 Td (gets. ) Tj ET Q q 0 0 0 rg BT 139.54 70.10 Td (An ) Tj ET Q q 0 0 0 rg BT 154.17 70.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 188.80 70.10 Td (using ) Tj ET Q q 0 0 0 rg BT 212.34 70.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 234.75 70.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 261.60 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 270.68 70.10 Td (asked ) Tj ET Q q 0 0 0 rg BT 295.86 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.05 70.10 Td (select ) Tj ET Q q 0 0 0 rg BT 331.22 70.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 343.07 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.92 70.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 369.54 70.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 411.38 70.10 Td (tar) Tj ET Q q 0 0 0 rg BT 421.75 70.10 Td (get, ) Tj ET Q q 0 0 0 rg BT 438.88 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 449.62 70.10 Td (tar) Tj ET Q q 0 0 0 rg BT 459.98 70.10 Td (get ) Tj ET Q q 0 0 0 rg BT 474.61 70.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 492.57 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.31 70.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 526.83 70.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.01 70.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 83.29 58.10 Td (Ratings, ) Tj ET Q q 0 0 0 rg BT 119.09 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.28 58.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 151.24 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.20 58.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 198.93 58.10 Td (he ) Tj ET Q q 0 0 0 rg BT 211.12 58.10 Td (or ) Tj ET Q q 0 0 0 rg BT 222.19 58.10 Td (she ) Tj ET Q q 0 0 0 rg BT 238.26 58.10 Td (wishes ) Tj ET Q q 0 0 0 rg BT 268.23 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.75 58.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 305.38 58.10 Td (per ) Tj ET Q q 0 0 0 rg BT 320.89 58.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 345.57 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.12 58.10 Td (The ) Tj ET Q q 0 0 0 rg BT 366.41 58.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 401.37 58.10 Td (has ) Tj ET Q q 0 0 0 rg BT 417.44 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.40 58.10 Td (option ) Tj ET Q q 0 0 0 rg BT 460.70 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.77 58.10 Td (selecting ) Tj ET Q q 0 0 0 rg BT 510.06 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 517.24 58.10 Td (tar) Tj ET Q q 0 0 0 rg BT 527.61 58.10 Td (get ) Tj ET Q q 0 0 0 rg BT 542.57 58.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (Prosper) Tj ET Q q 0 0 0 rg BT 80.92 46.10 Td () Tj ET Q q 0 0 0 rg BT 83.70 46.10 Td (s ) Tj ET Q q 0 0 0 rg BT 90.06 46.10 Td (series ) Tj ET Q q 0 0 0 rg BT 115.29 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.09 46.10 Td (preset ) Tj ET Q q 0 0 0 rg BT 152.43 46.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 172.11 46.10 Td (allocations ) Tj ET Q q 0 0 0 rg BT 217.89 46.10 Td (based ) Tj ET Q q 0 0 0 rg BT 243.13 46.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.59 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.27 46.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 297.16 46.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 336.84 46.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 356.52 46.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 397.31 46.10 Td (on ) Tj ET Q q 0 0 0 rg BT 409.78 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.46 46.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 478.28 46.10 Td (any ) Tj ET Q q 0 0 0 rg BT 495.18 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.98 46.10 Td (which ) Tj ET Q q 0 0 0 rg BT 532.88 46.10 Td (may ) Tj ET Q q 0 0 0 rg BT 552.56 46.10 Td (be ) Tj ET Q endstream endobj 139 0 obj <> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (customized ) Tj ET Q q 0 0 0 rg BT 97.76 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 109.97 742.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 148.84 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.28 742.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 206.04 742.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 247.69 742.10 Td (tar) Tj ET Q q 0 0 0 rg BT 258.06 742.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 276.38 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 290.26 742.10 Td (each ) Tj ET Q q 0 0 0 rg BT 310.79 742.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 343.55 742.10 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 374.94 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.48 742.10 Td (he ) Tj ET Q q 0 0 0 rg BT 397.14 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 407.68 742.10 Td (she ) Tj ET Q q 0 0 0 rg BT 423.23 742.10 Td (can ) Tj ET Q q 0 0 0 rg BT 439.32 742.10 Td (create ) Tj ET Q q 0 0 0 rg BT 465.40 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.05 742.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 503.16 742.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 522.59 742.10 Td (allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 730.10 Td (get ) Tj ET Q q 0 0 0 rg BT 75.27 730.10 Td (across ) Tj ET Q q 0 0 0 rg BT 102.94 730.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 136.17 730.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 169.41 730.10 Td (based ) Tj ET Q q 0 0 0 rg BT 194.86 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 207.54 730.10 Td (his ) Tj ET Q q 0 0 0 rg BT 221.90 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.91 730.10 Td (her ) Tj ET Q q 0 0 0 rg BT 248.36 730.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 282.13 730.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 299.82 730.10 Td (tolerance. ) Tj ET Q q 0 0 0 rg BT 341.64 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.32 730.10 Td (If ) Tj ET Q q 0 0 0 rg BT 353.66 730.10 Td (he ) Tj ET Q q 0 0 0 rg BT 365.78 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 376.80 730.10 Td (she ) Tj ET Q q 0 0 0 rg BT 392.81 730.10 Td (wishes, ) Tj ET Q q 0 0 0 rg BT 425.21 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.11 730.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 475.01 730.10 Td (can ) Tj ET Q q 0 0 0 rg BT 491.57 730.10 Td (further ) Tj ET Q q 0 0 0 rg BT 521.46 730.10 Td (customize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (his ) Tj ET Q q 0 0 0 rg BT 64.32 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 75.30 718.10 Td (her ) Tj ET Q q 0 0 0 rg BT 90.72 718.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 137.25 718.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 168.21 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 180.86 718.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 218.51 718.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 261.15 718.10 Td (filters, ) Tj ET Q q 0 0 0 rg BT 289.63 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 310.61 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 321.59 718.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 341.45 718.10 Td (term ) Tj ET Q q 0 0 0 rg BT 362.43 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.52 718.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 432.16 718.10 Td (status. ) Tj ET Q q 0 0 0 rg BT 460.09 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.55 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 480.74 718.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 515.61 718.10 Td (can ) Tj ET Q q 0 0 0 rg BT 532.14 718.10 Td (also ) Tj ET Q q 0 0 0 rg BT 550.90 718.10 Td (set ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (aside ) Tj ET Q q 0 0 0 rg BT 73.34 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 80.56 706.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 126.65 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.77 706.10 Td (his ) Tj ET Q q 0 0 0 rg BT 152.23 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 163.35 706.10 Td (her ) Tj ET Q q 0 0 0 rg BT 178.91 706.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 216.70 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 227.82 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 235.04 706.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 255.60 706.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 287.26 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 305.04 706.10 Td (will ) Tj ET Q q 0 0 0 rg BT 323.39 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 338.96 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 351.19 706.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 387.30 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.47 706.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 422.26 706.10 Td (Invest. ) Tj ET Q q 0 0 0 rg BT 451.99 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.78 706.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 494.23 706.10 Td (may ) Tj ET Q q 0 0 0 rg BT 514.24 706.10 Td (update ) Tj ET Q q 0 0 0 rg BT 543.68 706.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 91.93 694.10 Td (tar) Tj ET Q q 0 0 0 rg BT 102.29 694.10 Td (gets, ) Tj ET Q q 0 0 0 rg BT 123.40 694.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 143.67 694.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 175.04 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.98 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 215.02 694.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 261.41 694.10 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 294.72 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.66 694.10 Td (pause ) Tj ET Q q 0 0 0 rg BT 336.92 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.86 694.10 Td (restart ) Tj ET Q q 0 0 0 rg BT 380.80 694.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 403.30 694.10 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 432.73 694.10 Td (at ) Tj ET Q q 0 0 0 rg BT 442.45 694.10 Td (any ) Tj ET Q q 0 0 0 rg BT 459.39 694.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 482.16 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.31 664.10 Td (frequency ) Tj ET Q q 0 0 0 rg BT 147.05 664.10 Td (with ) Tj ET Q q 0 0 0 rg BT 167.60 664.10 Td (which ) Tj ET Q q 0 0 0 rg BT 194.19 664.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 216.95 664.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 244.16 664.10 Td (will ) Tj ET Q q 0 0 0 rg BT 262.48 664.10 Td (place ) Tj ET Q q 0 0 0 rg BT 286.34 664.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 314.09 664.10 Td (on ) Tj ET Q q 0 0 0 rg BT 326.86 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.84 664.10 Td (investor) Tj ET Q q 0 0 0 rg BT 374.43 664.10 Td () Tj ET Q q 0 0 0 rg BT 377.21 664.10 Td (s ) Tj ET Q q 0 0 0 rg BT 383.86 664.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 411.61 664.10 Td (is ) Tj ET Q q 0 0 0 rg BT 421.05 664.10 Td (based ) Tj ET Q q 0 0 0 rg BT 446.58 664.10 Td (on ) Tj ET Q q 0 0 0 rg BT 459.35 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.33 664.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 494.86 664.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 528.16 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.26 664.10 Td (his ) Tj ET Q q 0 0 0 rg BT 553.69 664.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (her ) Tj ET Q q 0 0 0 rg BT 64.52 652.10 Td (account, ) Tj ET Q q 0 0 0 rg BT 99.86 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.82 652.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 160.56 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.63 652.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 201.28 652.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 240.24 652.10 Td (his ) Tj ET Q q 0 0 0 rg BT 253.66 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 263.74 652.10 Td (her ) Tj ET Q q 0 0 0 rg BT 278.25 652.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 323.88 652.10 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 356.44 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.63 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.59 652.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 420.00 652.10 Td (from ) Tj ET Q q 0 0 0 rg BT 441.18 652.10 Td (other ) Tj ET Q q 0 0 0 rg BT 463.48 652.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 503.83 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 505.45 652.10 Td (The ) Tj ET Q q 0 0 0 rg BT 522.75 652.10 Td (investor) Tj ET Q q 0 0 0 rg BT 555.34 652.10 Td () Tj ET Q q 0 0 0 rg BT 558.12 652.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (account ) Tj ET Q q 0 0 0 rg BT 82.70 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.75 640.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 144.25 640.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 174.17 640.10 Td (will ) Tj ET Q q 0 0 0 rg BT 191.33 640.10 Td (be ) Tj ET Q q 0 0 0 rg BT 202.38 640.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 240.64 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 251.89 640.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 273.50 640.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 299.55 640.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 355.59 640.10 Td (each ) Tj ET Q q 0 0 0 rg BT 375.51 640.10 Td (time ) Tj ET Q q 0 0 0 rg BT 394.90 640.10 Td (new ) Tj ET Q q 0 0 0 rg BT 413.17 640.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 443.67 640.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.49 640.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 485.21 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 496.82 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.65 640.10 Td (marketplace. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 72.52 628.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 99.49 628.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 142.55 628.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 180.06 628.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.37 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.33 628.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 235.40 628.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 281.23 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.08 628.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 312.37 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.34 628.10 Td (places ) Tj ET Q q 0 0 0 rg BT 356.85 628.10 Td (order ) Tj ET Q q 0 0 0 rg BT 380.47 628.10 Td (for ) Tj ET Q q 0 0 0 rg BT 394.65 628.10 Td (those ) Tj ET Q q 0 0 0 rg BT 418.29 628.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 455.80 628.10 Td (first. ) Tj ET Q q 0 0 0 rg BT 476.93 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.90 628.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 501.42 628.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 528.38 628.10 Td (does ) Tj ET Q q 0 0 0 rg BT 549.24 628.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (prioritize ) Tj ET Q q 0 0 0 rg BT 89.82 616.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 127.98 616.10 Td (based ) Tj ET Q q 0 0 0 rg BT 153.92 616.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.09 616.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 198.02 616.10 Td (account ) Tj ET Q q 0 0 0 rg BT 232.28 616.10 Td (size ) Tj ET Q q 0 0 0 rg BT 251.00 616.10 Td (or ) Tj ET Q q 0 0 0 rg BT 262.50 616.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 309.55 616.10 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 343.54 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.71 616.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 370.97 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.36 616.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 421.75 616.10 Td (turns ) Tj ET Q q 0 0 0 rg BT 444.92 616.10 Td (on ) Tj ET Q q 0 0 0 rg BT 457.39 616.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 480.56 616.10 Td (Invest, ) Tj ET Q q 0 0 0 rg BT 510.67 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.06 616.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 544.78 616.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 102.13 604.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 126.49 604.10 Td (placing ) Tj ET Q q 0 0 0 rg BT 158.06 604.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 185.20 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 199.00 604.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 224.47 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.39 604.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 281.50 604.10 Td (with ) Tj ET Q q 0 0 0 rg BT 301.42 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.78 604.10 Td (investor) Tj ET Q q 0 0 0 rg BT 348.36 604.10 Td () Tj ET Q q 0 0 0 rg BT 351.14 604.10 Td (s ) Tj ET Q q 0 0 0 rg BT 357.18 604.10 Td (current ) Tj ET Q q 0 0 0 rg BT 387.63 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.22 604.10 Td (tar) Tj ET Q q 0 0 0 rg BT 414.58 604.10 Td (get ) Tj ET Q q 0 0 0 rg BT 428.94 604.10 Td (allocations ) Tj ET Q q 0 0 0 rg BT 474.40 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.99 604.10 Td (other ) Tj ET Q q 0 0 0 rg BT 513.67 604.10 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 546.47 604.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 67.61 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.00 592.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 103.39 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.23 592.10 Td (any ) Tj ET Q q 0 0 0 rg BT 129.72 592.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 170.09 592.10 Td (order ) Tj ET Q q 0 0 0 rg BT 193.25 592.10 Td (may ) Tj ET Q q 0 0 0 rg BT 212.52 592.10 Td (not ) Tj ET Q q 0 0 0 rg BT 227.36 592.10 Td (match ) Tj ET Q q 0 0 0 rg BT 253.85 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.13 592.10 Td (investor) Tj ET Q q 0 0 0 rg BT 300.72 592.10 Td () Tj ET Q q 0 0 0 rg BT 303.49 592.10 Td (s ) Tj ET Q q 0 0 0 rg BT 309.44 592.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 352.05 592.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 371.33 592.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 412.81 592.10 Td (tar) Tj ET Q q 0 0 0 rg BT 423.18 592.10 Td (gets, ) Tj ET Q q 0 0 0 rg BT 443.85 592.10 Td (but ) Tj ET Q q 0 0 0 rg BT 458.68 592.10 Td (over ) Tj ET Q q 0 0 0 rg BT 478.51 592.10 Td (time ) Tj ET Q q 0 0 0 rg BT 497.89 592.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 519.95 592.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 546.44 592.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (place ) Tj ET Q q 0 0 0 rg BT 72.63 580.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 99.17 580.10 Td (so ) Tj ET Q q 0 0 0 rg BT 109.60 580.10 Td (that ) Tj ET Q q 0 0 0 rg BT 126.13 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.89 580.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 180.29 580.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 216.28 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.60 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.36 580.10 Td (investor) Tj ET Q q 0 0 0 rg BT 271.95 580.10 Td () Tj ET Q q 0 0 0 rg BT 274.72 580.10 Td (s ) Tj ET Q q 0 0 0 rg BT 280.16 580.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 316.69 580.10 Td (will ) Tj ET Q q 0 0 0 rg BT 333.79 580.10 Td (approximate, ) Tj ET Q q 0 0 0 rg BT 387.81 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.13 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.89 580.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 436.86 580.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 471.18 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.94 580.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 525.91 580.10 Td (specified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 568.10 Td (his ) Tj ET Q q 0 0 0 rg BT 74.45 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 85.28 568.10 Td (her ) Tj ET Q q 0 0 0 rg BT 100.55 568.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 146.93 568.10 Td (criteria.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (If ) Tj ET Q q 0 0 0 rg BT 94.40 538.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 116.63 538.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 143.30 538.10 Td (identifies ) Tj ET Q q 0 0 0 rg BT 182.74 538.10 Td (two ) Tj ET Q q 0 0 0 rg BT 199.97 538.10 Td (or ) Tj ET Q q 0 0 0 rg BT 210.53 538.10 Td (more ) Tj ET Q q 0 0 0 rg BT 233.31 538.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 258.87 538.10 Td (that ) Tj ET Q q 0 0 0 rg BT 276.09 538.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 297.76 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.21 538.10 Td (investor) Tj ET Q q 0 0 0 rg BT 344.79 538.10 Td () Tj ET Q q 0 0 0 rg BT 347.57 538.10 Td (s ) Tj ET Q q 0 0 0 rg BT 353.69 538.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 392.02 538.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 422.56 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.23 538.10 Td (such ) Tj ET Q q 0 0 0 rg BT 459.79 538.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 479.80 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.36 538.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 515.92 538.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 549.79 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.71 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.76 526.10 Td (available ) Tj ET Q q 0 0 0 rg BT 132.57 526.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 153.06 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.55 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.49 526.10 Td (investor) Tj ET Q q 0 0 0 rg BT 211.08 526.10 Td () Tj ET Q q 0 0 0 rg BT 213.86 526.10 Td (s ) Tj ET Q q 0 0 0 rg BT 220.47 526.10 Td (account, ) Tj ET Q q 0 0 0 rg BT 256.18 526.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 278.90 526.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 306.06 526.10 Td (selects ) Tj ET Q q 0 0 0 rg BT 335.43 526.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 361.48 526.10 Td (from ) Tj ET Q q 0 0 0 rg BT 383.64 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.57 526.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 419.07 526.10 Td (based ) Tj ET Q q 0 0 0 rg BT 444.56 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 457.27 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.21 526.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 505.48 526.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 538.76 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 526.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 82.14 514.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 142.59 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.61 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.07 514.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 198.15 514.10 Td (For ) Tj ET Q q 0 0 0 rg BT 215.28 514.10 Td (each ) Tj ET Q q 0 0 0 rg BT 236.84 514.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 270.64 514.10 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 302.33 514.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 325.57 514.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 353.25 514.10 Td (compares ) Tj ET Q q 0 0 0 rg BT 394.81 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.27 514.10 Td (investor) Tj ET Q q 0 0 0 rg BT 442.86 514.10 Td () Tj ET Q q 0 0 0 rg BT 445.64 514.10 Td (s ) Tj ET Q q 0 0 0 rg BT 452.78 514.10 Td (current ) Tj ET Q q 0 0 0 rg BT 484.33 514.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 522.57 514.10 Td (allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (against ) Tj ET Q q 0 0 0 rg BT 81.04 502.10 Td (his ) Tj ET Q q 0 0 0 rg BT 95.42 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 106.47 502.10 Td (her ) Tj ET Q q 0 0 0 rg BT 121.95 502.10 Td (tar) Tj ET Q q 0 0 0 rg BT 132.32 502.10 Td (get ) Tj ET Q q 0 0 0 rg BT 147.25 502.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 184.96 502.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 227.10 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.59 502.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 280.28 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.21 502.10 Td (current ) Tj ET Q q 0 0 0 rg BT 326.24 502.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 372.83 502.10 Td (level ) Tj ET Q q 0 0 0 rg BT 399.41 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.46 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.39 502.10 Td (Rating. ) Tj ET Q q 0 0 0 rg BT 456.67 502.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 479.38 502.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 506.53 502.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 549.79 502.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.35 490.10 Td (based ) Tj ET Q q 0 0 0 rg BT 100.14 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 112.16 490.10 Td (which ) Tj ET Q q 0 0 0 rg BT 138.61 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.96 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.20 490.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 222.42 490.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 253.34 490.10 Td (have ) Tj ET Q q 0 0 0 rg BT 274.24 490.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 306.81 490.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 339.38 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 359.18 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.42 490.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 401.54 490.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 442.99 490.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 470.83 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.85 490.10 Td (If ) Tj ET Q q 0 0 0 rg BT 481.53 490.10 Td (two ) Tj ET Q q 0 0 0 rg BT 498.55 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 508.90 490.10 Td (more ) Tj ET Q q 0 0 0 rg BT 531.47 490.10 Td (Prosper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 84.04 478.10 Td (have ) Tj ET Q q 0 0 0 rg BT 106.40 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.11 478.10 Td (same ) Tj ET Q q 0 0 0 rg BT 146.14 478.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 189.05 478.10 Td (level, ) Tj ET Q q 0 0 0 rg BT 213.70 478.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 237.19 478.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 265.11 478.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 309.14 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.84 478.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 351.66 478.10 Td (from ) Tj ET Q q 0 0 0 rg BT 374.58 478.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.06 478.10 Td (subset ) Tj ET Q q 0 0 0 rg BT 421.55 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.36 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.06 478.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 470.33 478.10 Td (based ) Tj ET Q q 0 0 0 rg BT 496.58 478.10 Td (on ) Tj ET Q q 0 0 0 rg BT 510.07 478.10 Td (which ) Tj ET Q q 0 0 0 rg BT 537.99 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.81 478.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 108.98 466.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 139.65 466.10 Td (have ) Tj ET Q q 0 0 0 rg BT 160.30 466.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 192.63 466.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 224.96 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 244.51 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.50 466.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 289.16 466.10 Td (tar) Tj ET Q q 0 0 0 rg BT 299.53 466.10 Td (get ) Tj ET Q q 0 0 0 rg BT 313.52 466.10 Td (allocation. ) Tj ET Q q 0 0 0 rg BT 357.22 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.00 466.10 Td (If ) Tj ET Q q 0 0 0 rg BT 367.43 466.10 Td (there ) Tj ET Q q 0 0 0 rg BT 389.19 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 403.17 466.10 Td (two ) Tj ET Q q 0 0 0 rg BT 419.94 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 430.05 466.10 Td (more ) Tj ET Q q 0 0 0 rg BT 452.37 466.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 477.47 466.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 504.80 466.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 77.07 454.10 Td (have ) Tj ET Q q 0 0 0 rg BT 98.00 454.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 130.62 454.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 163.23 454.10 Td (with ) Tj ET Q q 0 0 0 rg BT 183.07 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.35 454.10 Td (same ) Tj ET Q q 0 0 0 rg BT 219.96 454.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 261.45 454.10 Td (level ) Tj ET Q q 0 0 0 rg BT 282.94 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.44 454.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 340.93 454.10 Td (tar) Tj ET Q q 0 0 0 rg BT 351.29 454.10 Td (get, ) Tj ET Q q 0 0 0 rg BT 367.62 454.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 389.68 454.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 416.18 454.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 458.78 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.06 454.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 498.45 454.10 Td (from ) Tj ET Q q 0 0 0 rg BT 519.95 454.10 Td (that ) Tj ET Q q 0 0 0 rg BT 537.00 454.10 Td (subset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.64 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.16 442.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 95.25 442.10 Td (based ) Tj ET Q q 0 0 0 rg BT 120.33 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 132.64 442.10 Td (how ) Tj ET Q q 0 0 0 rg BT 152.17 442.10 Td (far ) Tj ET Q q 0 0 0 rg BT 165.57 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.10 442.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 239.62 442.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 270.82 442.10 Td (have ) Tj ET Q q 0 0 0 rg BT 292.01 442.10 Td (progressed ) Tj ET Q q 0 0 0 rg BT 337.63 442.10 Td (through ) Tj ET Q q 0 0 0 rg BT 371.05 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.58 442.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 405.10 442.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 453.50 442.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 488.30 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.61 442.10 Td (If ) Tj ET Q q 0 0 0 rg BT 499.58 442.10 Td (there ) Tj ET Q q 0 0 0 rg BT 521.87 442.10 Td (are ) Tj ET Q q 0 0 0 rg BT 536.39 442.10 Td (two ) Tj ET Q q 0 0 0 rg BT 553.69 442.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (more ) Tj ET Q q 0 0 0 rg BT 73.04 430.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 98.87 430.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 126.91 430.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 186.62 430.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 218.01 430.10 Td (have ) Tj ET Q q 0 0 0 rg BT 239.38 430.10 Td (progressed ) Tj ET Q q 0 0 0 rg BT 285.20 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.47 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.18 430.10 Td (same ) Tj ET Q q 0 0 0 rg BT 333.22 430.10 Td (point ) Tj ET Q q 0 0 0 rg BT 356.27 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.55 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.26 430.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 400.97 430.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 449.56 430.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 484.54 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.25 430.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 525.08 430.10 Td (from ) Tj ET Q q 0 0 0 rg BT 547.01 430.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (subset ) Tj ET Q q 0 0 0 rg BT 77.50 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.33 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.05 418.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 123.33 418.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 151.38 418.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 211.08 418.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 242.48 418.10 Td (have ) Tj ET Q q 0 0 0 rg BT 263.86 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.57 418.10 Td (earliest ) Tj ET Q q 0 0 0 rg BT 309.95 418.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 350.77 418.10 Td (end ) Tj ET Q q 0 0 0 rg BT 367.71 418.10 Td (date ) Tj ET Q q 0 0 0 rg BT 386.86 418.10 Td (will ) Tj ET Q q 0 0 0 rg BT 404.92 418.10 Td (be ) Tj ET Q q 0 0 0 rg BT 416.86 418.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 451.56 418.10 Td (first. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 388.10 Td (If ) Tj ET Q q 0 0 0 rg BT 94.16 388.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 116.08 388.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 142.44 388.10 Td (identifies ) Tj ET Q q 0 0 0 rg BT 181.57 388.10 Td (two ) Tj ET Q q 0 0 0 rg BT 198.49 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 208.75 388.10 Td (more ) Tj ET Q q 0 0 0 rg BT 231.21 388.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 256.46 388.10 Td (that ) Tj ET Q q 0 0 0 rg BT 273.38 388.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 294.74 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.87 388.10 Td (investor) Tj ET Q q 0 0 0 rg BT 341.46 388.10 Td () Tj ET Q q 0 0 0 rg BT 344.24 388.10 Td (s ) Tj ET Q q 0 0 0 rg BT 350.05 388.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 388.07 388.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 418.30 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.66 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.80 388.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 474.05 388.10 Td (have ) Tj ET Q q 0 0 0 rg BT 494.85 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.99 388.10 Td (same ) Tj ET Q q 0 0 0 rg BT 531.46 388.10 Td (Prosper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 80.64 376.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 102.53 376.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 128.86 376.10 Td (will ) Tj ET Q q 0 0 0 rg BT 146.31 376.10 Td (place ) Tj ET Q q 0 0 0 rg BT 169.30 376.10 Td (an ) Tj ET Q q 0 0 0 rg BT 180.63 376.10 Td (order ) Tj ET Q q 0 0 0 rg BT 203.62 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 217.17 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.28 376.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 252.61 376.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 280.05 376.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 339.15 376.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 366.05 376.10 Td (has ) Tj ET Q q 0 0 0 rg BT 381.27 376.10 Td (progressed ) Tj ET Q q 0 0 0 rg BT 426.48 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.59 376.10 Td (furthest ) Tj ET Q q 0 0 0 rg BT 473.03 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.70 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.81 376.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 515.92 376.10 Td (verification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 85.25 364.10 Td (If ) Tj ET Q q 0 0 0 rg BT 94.67 364.10 Td (there ) Tj ET Q q 0 0 0 rg BT 117.42 364.10 Td (are ) Tj ET Q q 0 0 0 rg BT 132.38 364.10 Td (two ) Tj ET Q q 0 0 0 rg BT 150.14 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 161.23 364.10 Td (more ) Tj ET Q q 0 0 0 rg BT 184.54 364.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 210.63 364.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 238.94 364.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 298.91 364.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 330.57 364.10 Td (have ) Tj ET Q q 0 0 0 rg BT 352.21 364.10 Td (progressed ) Tj ET Q q 0 0 0 rg BT 398.29 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.82 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.80 364.10 Td (same ) Tj ET Q q 0 0 0 rg BT 447.11 364.10 Td (point ) Tj ET Q q 0 0 0 rg BT 470.43 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.96 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.94 364.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 515.92 364.10 Td (verification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 84.44 352.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 106.94 352.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 133.88 352.10 Td (will ) Tj ET Q q 0 0 0 rg BT 151.93 352.10 Td (select ) Tj ET Q q 0 0 0 rg BT 177.20 352.10 Td (from ) Tj ET Q q 0 0 0 rg BT 199.14 352.10 Td (that ) Tj ET Q q 0 0 0 rg BT 216.63 352.10 Td (subset ) Tj ET Q q 0 0 0 rg BT 244.13 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.85 352.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 280.79 352.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 308.84 352.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 368.54 352.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 396.05 352.10 Td (has ) Tj ET Q q 0 0 0 rg BT 411.88 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.60 352.10 Td (earliest ) Tj ET Q q 0 0 0 rg BT 457.97 352.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 498.79 352.10 Td (end ) Tj ET Q q 0 0 0 rg BT 515.73 352.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td (As ) Tj ET Q q 0 0 0 rg BT 99.93 322.10 Td (with ) Tj ET Q q 0 0 0 rg BT 120.52 322.10 Td (an ) Tj ET Q q 0 0 0 rg BT 132.77 322.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 167.80 322.10 Td (making ) Tj ET Q q 0 0 0 rg BT 200.60 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.86 322.10 Td (manual ) Tj ET Q q 0 0 0 rg BT 240.10 322.10 Td (bid, ) Tj ET Q q 0 0 0 rg BT 257.57 322.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 280.38 322.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 307.64 322.10 Td (will ) Tj ET Q q 0 0 0 rg BT 326.00 322.10 Td (not ) Tj ET Q q 0 0 0 rg BT 341.60 322.10 Td (place ) Tj ET Q q 0 0 0 rg BT 365.50 322.10 Td (an ) Tj ET Q q 0 0 0 rg BT 377.75 322.10 Td (order ) Tj ET Q q 0 0 0 rg BT 401.66 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.14 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.39 322.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 445.64 322.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 473.45 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.48 322.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 529.20 322.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 554.24 322.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.35 310.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 107.58 310.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 140.83 310.10 Td (account ) Tj ET Q q 0 0 0 rg BT 174.06 310.10 Td (are ) Tj ET Q q 0 0 0 rg BT 188.40 310.10 Td (suf) Tj ET Q q 0 0 0 rg BT 200.44 310.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 228.12 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.04 310.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 262.38 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.74 310.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 298.32 310.10 Td (order) Tj ET Q q 0 0 0 rg BT 319.01 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 323.65 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.23 310.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 364.59 310.10 Td (will ) Tj ET Q q 0 0 0 rg BT 382.28 310.10 Td (only ) Tj ET Q q 0 0 0 rg BT 402.20 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 413.77 310.10 Td (debited ) Tj ET Q q 0 0 0 rg BT 445.34 310.10 Td (from ) Tj ET Q q 0 0 0 rg BT 466.92 310.10 Td (his ) Tj ET Q q 0 0 0 rg BT 480.73 310.10 Td (or ) Tj ET Q q 0 0 0 rg BT 491.20 310.10 Td (her ) Tj ET Q q 0 0 0 rg BT 506.10 310.10 Td (account ) Tj ET Q q 0 0 0 rg BT 539.33 310.10 Td (if ) Tj ET Q q 0 0 0 rg BT 547.58 310.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (when ) Tj ET Q q 0 0 0 rg BT 74.21 298.10 Td (his ) Tj ET Q q 0 0 0 rg BT 88.43 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.31 298.10 Td (her ) Tj ET Q q 0 0 0 rg BT 114.63 298.10 Td (order ) Tj ET Q q 0 0 0 rg BT 138.28 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 147.50 298.10 Td (successful. ) Tj ET Q q 0 0 0 rg BT 193.65 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.20 298.10 Td (If ) Tj ET Q q 0 0 0 rg BT 205.41 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.18 298.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 254.94 298.10 Td (has ) Tj ET Q q 0 0 0 rg BT 270.82 298.10 Td (set ) Tj ET Q q 0 0 0 rg BT 284.48 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.47 298.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 311.79 298.10 Td (reserve, ) Tj ET Q q 0 0 0 rg BT 345.14 298.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 367.69 298.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 394.68 298.10 Td (will ) Tj ET Q q 0 0 0 rg BT 412.79 298.10 Td (not ) Tj ET Q q 0 0 0 rg BT 428.12 298.10 Td (place ) Tj ET Q q 0 0 0 rg BT 451.76 298.10 Td (an ) Tj ET Q q 0 0 0 rg BT 463.75 298.10 Td (order ) Tj ET Q q 0 0 0 rg BT 487.40 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.61 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 508.60 298.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 530.59 298.10 Td (if ) Tj ET Q q 0 0 0 rg BT 539.25 298.10 Td (doing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (so ) Tj ET Q q 0 0 0 rg BT 61.39 286.10 Td (would ) Tj ET Q q 0 0 0 rg BT 88.89 286.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 113.60 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.32 286.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 174.12 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.95 286.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 205.21 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.49 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.21 286.10 Td (investor) Tj ET Q q 0 0 0 rg BT 262.80 286.10 Td () Tj ET Q q 0 0 0 rg BT 265.58 286.10 Td (s ) Tj ET Q q 0 0 0 rg BT 271.97 286.10 Td (account ) Tj ET Q q 0 0 0 rg BT 305.56 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.84 286.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 331.67 286.10 Td (below ) Tj ET Q q 0 0 0 rg BT 358.60 286.10 Td (his ) Tj ET Q q 0 0 0 rg BT 372.77 286.10 Td (or ) Tj ET Q q 0 0 0 rg BT 383.60 286.10 Td (her ) Tj ET Q q 0 0 0 rg BT 398.87 286.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 419.14 286.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 450.51 286.10 Td (level. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 256.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.50 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.89 256.10 Td (event ) Tj ET Q q 0 0 0 rg BT 134.71 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.21 256.10 Td (any ) Tj ET Q q 0 0 0 rg BT 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ET Q q 0 0 0 rg BT 126.67 244.10 Td (that ) Tj ET Q q 0 0 0 rg BT 144.64 244.10 Td (dif) Tj ET Q q 0 0 0 rg BT 155.57 244.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 173.54 244.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 217.05 244.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.47 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.66 244.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 277.07 244.10 Td (such ) Tj ET Q q 0 0 0 rg BT 298.38 244.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 333.57 244.10 Td (would ) Tj ET Q q 0 0 0 rg BT 361.55 244.10 Td (have ) Tj ET Q q 0 0 0 rg BT 383.40 244.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 426.91 244.10 Td (had ) Tj ET Q q 0 0 0 rg BT 444.33 244.10 Td (there ) Tj ET Q q 0 0 0 rg BT 467.29 244.10 Td (been ) Tj ET Q q 0 0 0 rg BT 489.14 244.10 Td (no ) Tj ET Q q 0 0 0 rg BT 502.12 244.10 Td (error) Tj ET Q q 0 0 0 rg BT 521.15 244.10 Td (, ) Tj ET Q q 0 0 0 rg BT 526.62 244.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 543.48 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.46 244.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (either ) Tj ET Q q 0 0 0 rg BT 75.27 232.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 121.08 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.81 232.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 160.25 232.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 203.86 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.59 232.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 253.31 232.10 Td (against ) Tj ET Q q 0 0 0 rg BT 284.15 232.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 310.54 232.10 Td (suf) Tj ET Q q 0 0 0 rg BT 322.59 232.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 345.63 232.10 Td (on ) Tj ET Q q 0 0 0 rg BT 358.14 232.10 Td (that ) Tj ET Q q 0 0 0 rg BT 375.64 232.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 397.59 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 408.42 232.10 Td (cure ) Tj ET Q q 0 0 0 rg BT 428.14 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.86 232.10 Td (breach. ) Tj ET Q q 0 0 0 rg BT 473.96 232.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 496.47 232.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 523.41 232.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 552.58 232.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (used ) Tj ET Q q 0 0 0 rg BT 70.83 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.11 220.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 96.39 220.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.89 220.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 140.28 220.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 168.89 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.17 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.71 220.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 222.86 220.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 245.91 220.10 Td (Channel.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Setting ) Tj ET Q q 0 0 0 rg BT 82.50 190.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 103.98 190.10 Td (est ) Tj ET Q q 0 0 0 rg BT 118.14 190.10 Td (Rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 160.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.58 160.10 Td (have ) Tj ET Q q 0 0 0 rg BT 86.95 160.10 Td (an ) Tj ET Q q 0 0 0 rg BT 98.89 160.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 130.83 160.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 148.31 160.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 193.02 160.10 Td (which ) Tj ET Q q 0 0 0 rg BT 219.96 160.10 Td (meets ) Tj ET Q q 0 0 0 rg BT 245.78 160.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 284.38 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.65 160.10 Td (set ) Tj ET Q q 0 0 0 rg BT 308.26 160.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 340.20 160.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 361.57 160.10 Td (for ) Tj ET Q q 0 0 0 rg BT 375.73 160.10 Td (all ) Tj ET Q q 0 0 0 rg BT 388.23 160.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 429.05 160.10 Td (Loans.) Tj ET Q endstream endobj 141 0 obj <> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.77 742.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 99.42 742.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 116.63 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 138.28 742.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 176.60 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.60 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 194.18 742.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 211.39 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.27 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.71 742.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 261.37 742.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 296.91 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 305.80 742.10 Td (set ) Tj ET Q q 0 0 0 rg BT 319.13 742.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 340.79 742.10 Td (below) Tj ET Q q 0 0 0 rg BT 364.58 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 369.30 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 379.85 742.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 417.35 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.78 742.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 463.44 742.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 480.64 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 494.53 742.10 Td (each ) Tj ET Q q 0 0 0 rg BT 515.06 742.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 534.50 742.10 Td (listing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.64 730.10 Td (well ) Tj ET Q q 0 0 0 rg BT 80.16 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 90.80 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.32 730.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 127.62 730.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 173.23 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 187.19 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.72 730.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 261.23 730.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 289.37 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 298.34 730.10 Td (included ) Tj ET Q q 0 0 0 rg BT 335.08 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.17 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.69 730.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 387.00 730.10 Td (report ) Tj ET Q q 0 0 0 rg BT 413.18 730.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 433.81 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.78 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 465.08 730.10 Td (listing. ) Tj ET Q q 0 0 0 rg BT 494.73 730.10 Td (This ) Tj ET Q q 0 0 0 rg BT 514.81 730.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 718.10 Td (also ) Tj ET Q q 0 0 0 rg BT 77.78 718.10 Td (included ) Tj ET Q q 0 0 0 rg BT 114.71 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.99 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.71 718.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 167.21 718.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 189.71 718.10 Td (when ) Tj ET Q q 0 0 0 rg BT 213.87 718.10 Td (it ) Tj ET Q q 0 0 0 rg BT 221.92 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 231.09 718.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 259.70 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 272.20 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.92 718.10 Td (website.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 655.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 655.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 655.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 625.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 625.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 625.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 595.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 595.60 168.00 -15.00 re f /GS0 gs 0.8 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Td (osper) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.55 660.28 Td (Rating) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.35 680.28 Td (Borr) Tj ET Q q 0 0 0 rg BT 304.72 680.28 Td (ower) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.00 670.28 Td (Rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.10 660.28 Td (Min) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.35 680.28 Td (Borr) Tj ET Q q 0 0 0 rg BT 476.72 680.28 Td (ower) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 670.28 Td (Rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.25 660.28 Td (Max) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.05 645.27 Td (AA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 645.27 Td (3.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 645.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 645.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 645.27 Td (15.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 645.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 630.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 630.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 630.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 630.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.65 615.27 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 615.27 Td (6.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 615.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 615.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 615.27 Td (19.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 615.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 600.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 600.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 600.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 600.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.65 585.27 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 585.27 Td (9.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 585.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 585.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 585.27 Td (23.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 585.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 570.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 570.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 570.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 570.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.65 555.27 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 555.27 Td (12.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 555.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 555.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 555.27 Td (27.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 555.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 540.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 540.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 540.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 540.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.35 525.27 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 525.27 Td (16.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 525.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 525.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 525.27 Td (33.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 525.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.90 495.27 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 495.27 Td (21.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 495.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 495.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 495.27 Td (36.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 495.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 480.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 480.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 480.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 480.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.05 465.27 Td (HR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 465.27 Td (25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 465.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 465.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 465.27 Td (36.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 465.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 65.93 446.10 Td (chase ) Tj ET Q q 0 0 0 rg BT 91.76 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.59 446.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 128.97 446.10 Td (by ) Tj ET Q q 0 0 0 rg BT 142.03 446.10 Td (Us ) Tj ET Q q 0 0 0 rg BT 155.64 446.10 Td (or) Tj ET Q q 0 0 0 rg BT 164.90 446.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.40 446.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 202.67 446.10 Td (Parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 416.10 Td (From ) Tj ET Q q 0 0 0 rg BT 110.22 416.10 Td (time ) Tj ET Q q 0 0 0 rg BT 130.54 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.87 416.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 163.69 416.10 Td (we ) Tj ET Q q 0 0 0 rg BT 177.90 416.10 Td (may ) Tj ET Q q 0 0 0 rg BT 197.67 416.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 212.99 416.10 Td (on ) Tj ET Q q 0 0 0 rg BT 225.54 416.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 256.99 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.97 416.10 Td (each ) Tj ET Q q 0 0 0 rg BT 294.84 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.72 416.10 Td (us ) Tj ET Q q 0 0 0 rg BT 317.16 416.10 Td (may ) Tj ET Q q 0 0 0 rg BT 336.92 416.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 357.25 416.10 Td (any ) Tj ET Q q 0 0 0 rg BT 374.24 416.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 400.12 416.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.00 416.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 451.86 416.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 478.85 416.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 521.94 416.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.82 416.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.80 416.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 404.10 Td (such ) Tj ET Q q 0 0 0 rg BT 81.66 404.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 100.83 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 114.99 404.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.82 404.10 Td (own ) Tj ET Q q 0 0 0 rg BT 150.54 404.10 Td (account.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 374.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.83 374.10 Td (some ) Tj ET Q q 0 0 0 rg BT 120.45 374.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 146.55 374.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.39 374.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 195.45 374.10 Td (on ) Tj ET Q q 0 0 0 rg BT 207.95 374.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.90 374.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 242.41 374.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 271.02 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.30 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.02 374.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 317.97 374.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 353.80 374.10 Td (may ) Tj ET Q q 0 0 0 rg BT 373.52 374.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 398.23 374.10 Td (it ) Tj ET Q q 0 0 0 rg BT 406.29 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.58 374.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 439.91 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.85 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.14 374.10 Td (some ) Tj ET Q q 0 0 0 rg BT 490.75 374.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 516.85 374.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 537.69 374.10 Td (faster) Tj ET Q q 0 0 0 rg BT 559.50 374.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (than ) Tj ET Q q 0 0 0 rg BT 68.97 362.10 Td (it ) Tj ET Q q 0 0 0 rg BT 76.27 362.10 Td (would ) Tj ET Q q 0 0 0 rg BT 103.02 362.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 123.10 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.63 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.60 362.10 Td (absence ) Tj ET Q q 0 0 0 rg BT 179.99 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.07 362.10 Td (such ) Tj ET Q q 0 0 0 rg BT 210.15 362.10 Td (bid. ) Tj ET Q q 0 0 0 rg BT 227.05 362.10 Td (The ) Tj ET Q q 0 0 0 rg BT 244.35 362.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 276.09 362.10 Td (that ) Tj ET Q q 0 0 0 rg BT 292.84 362.10 Td (we ) Tj ET Q q 0 0 0 rg BT 306.25 362.10 Td (may ) Tj ET Q q 0 0 0 rg BT 325.21 362.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 354.73 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.26 362.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 378.79 362.10 Td (on ) Tj ET Q q 0 0 0 rg BT 390.54 362.10 Td (any ) Tj ET Q q 0 0 0 rg BT 406.72 362.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 446.78 362.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 473.54 362.10 Td (may ) Tj ET Q q 0 0 0 rg BT 492.50 362.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 512.02 362.10 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 350.10 Td (we ) Tj ET Q q 0 0 0 rg BT 81.10 350.10 Td (each ) Tj ET Q q 0 0 0 rg BT 101.91 350.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 133.28 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.00 350.10 Td (right ) Tj ET Q q 0 0 0 rg BT 169.38 350.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.66 350.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 194.94 350.10 Td (up ) Tj ET Q q 0 0 0 rg BT 207.44 350.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.72 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.44 350.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 257.70 350.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 290.20 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.03 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 307.96 350.10 Td (listing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 320.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.79 320.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 131.37 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.06 320.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 190.62 320.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 218.31 320.10 Td (either ) Tj ET Q q 0 0 0 rg BT 244.32 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.90 320.10 Td (us ) Tj ET Q q 0 0 0 rg BT 268.04 320.10 Td (has ) Tj ET Q q 0 0 0 rg BT 284.61 320.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 328.40 320.10 Td (were ) Tj ET Q q 0 0 0 rg BT 351.07 320.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 388.75 320.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.00 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.46 320.10 Td (same ) Tj ET Q q 0 0 0 rg BT 441.26 320.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 466.72 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.41 320.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 529.32 320.10 Td (as ) Tj ET Q q 0 0 0 rg BT 540.90 320.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 86.93 308.10 Td (by ) Tj ET Q q 0 0 0 rg BT 99.43 308.10 Td (other ) Tj ET Q q 0 0 0 rg BT 122.48 308.10 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 278.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.19 278.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 135.32 278.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.51 278.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 192.68 278.10 Td (of) Tj ET Q q 0 0 0 rg BT 200.83 278.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 225.89 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.19 278.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 281.03 278.10 Td (may ) Tj ET Q q 0 0 0 rg BT 301.10 278.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 316.74 278.10 Td (on ) Tj ET Q q 0 0 0 rg BT 329.60 278.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 361.35 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.65 278.10 Td (may ) Tj ET Q q 0 0 0 rg BT 398.72 278.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 419.36 278.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 445.55 278.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 488.94 278.10 Td (as ) Tj ET Q q 0 0 0 rg BT 500.13 278.10 Td (a ) Tj ET Q q 0 0 0 rg BT 507.43 278.10 Td (result ) Tj ET Q q 0 0 0 rg BT 532.50 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.69 278.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 69.86 266.10 Td (for ) Tj ET Q q 0 0 0 rg BT 84.71 266.10 Td (their ) Tj ET Q q 0 0 0 rg BT 106.22 266.10 Td (own ) Tj ET Q q 0 0 0 rg BT 126.63 266.10 Td (account. ) Tj ET Q q 0 0 0 rg BT 163.18 266.10 Td (The ) Tj ET Q q 0 0 0 rg BT 181.92 266.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 208.44 266.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 252.16 266.10 Td (by ) Tj ET Q q 0 0 0 rg BT 265.35 266.10 Td (such ) Tj ET Q q 0 0 0 rg BT 286.87 266.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 328.93 266.10 Td (were ) Tj ET Q q 0 0 0 rg BT 351.55 266.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 389.17 266.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.36 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.77 266.10 Td (same ) Tj ET Q q 0 0 0 rg BT 441.50 266.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 466.91 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.54 266.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 529.39 266.10 Td (as ) Tj ET Q q 0 0 0 rg BT 540.91 266.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 86.44 254.10 Td (by ) Tj ET Q q 0 0 0 rg BT 98.44 254.10 Td (other ) Tj ET Q q 0 0 0 rg BT 120.99 254.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 161.60 254.10 Td (However) Tj ET Q q 0 0 0 rg BT 197.85 254.10 Td (, ) Tj ET Q q 0 0 0 rg BT 202.36 254.10 Td (because ) Tj ET Q q 0 0 0 rg BT 236.00 254.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 265.21 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.54 254.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.88 254.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 331.19 254.10 Td (of) Tj ET Q q 0 0 0 rg BT 339.34 254.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 363.55 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.99 254.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 419.48 254.10 Td (by ) Tj ET Q q 0 0 0 rg BT 431.49 254.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 456.81 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.15 254.10 Td (their ) Tj ET Q q 0 0 0 rg BT 487.48 254.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 513.37 254.10 Td (as ) Tj ET Q q 0 0 0 rg BT 523.70 254.10 Td (executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 242.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 83.20 242.10 Td (or ) Tj ET Q q 0 0 0 rg BT 94.37 242.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 132.19 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.37 242.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 157.60 242.10 Td (have ) Tj ET Q q 0 0 0 rg BT 179.32 242.10 Td (access ) Tj ET Q q 0 0 0 rg BT 207.69 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.31 242.10 Td (information ) Tj ET Q q 0 0 0 rg BT 268.37 242.10 Td (not ) Tj ET Q q 0 0 0 rg BT 283.98 242.10 Td (available ) Tj ET Q q 0 0 0 rg BT 322.91 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.53 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.59 242.10 Td (general ) Tj ET Q q 0 0 0 rg BT 380.86 242.10 Td (population ) Tj ET Q q 0 0 0 rg BT 426.47 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.64 242.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 479.09 242.10 Td (we ) Tj ET Q q 0 0 0 rg BT 493.59 242.10 Td (have ) Tj ET Q q 0 0 0 rg BT 515.31 242.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 549.80 242.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (following ) Tj ET Q q 0 0 0 rg BT 90.84 230.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 136.67 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.40 230.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 178.34 230.10 Td (or ) Tj ET Q q 0 0 0 rg BT 188.63 230.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 214.45 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.63 230.10 Td (improper ) Tj ET Q q 0 0 0 rg BT 267.24 230.10 Td (use ) Tj ET Q q 0 0 0 rg BT 282.52 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.81 230.10 Td (non-public ) Tj ET Q q 0 0 0 rg BT 338.09 230.10 Td (information ) Tj ET Q q 0 0 0 rg BT 387.26 230.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.99 230.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 429.50 230.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 467.56 230.10 Td (by ) Tj ET Q q 0 0 0 rg BT 479.51 230.10 Td (any ) Tj ET Q q 0 0 0 rg BT 495.91 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.19 230.10 Td (our ) Tj ET Q q 0 0 0 rg BT 521.48 230.10 Td (respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 218.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 82.86 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.79 218.10 Td (directors:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 185.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 185.10 Td (Prosper's ) Tj ET Q q 0 0 0 rg BT 152.15 185.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 192.80 185.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 229.31 185.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 274.98 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.66 185.10 Td (all ) Tj ET Q q 0 0 0 rg BT 298.56 185.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 346.73 185.10 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 381.29 185.10 Td (an ) Tj ET Q q 0 0 0 rg BT 393.63 185.10 Td (employee's ) Tj ET Q q 0 0 0 rg BT 441.10 185.10 Td (use ) Tj ET Q q 0 0 0 rg BT 457.33 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.56 185.10 Td (non-public ) Tj ET Q q 0 0 0 rg BT 514.79 185.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.94 173.10 Td (any ) Tj ET Q q 0 0 0 rg BT 146.88 173.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 184.93 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.76 173.10 Td (this ) Tj ET Q q 0 0 0 rg BT 212.71 173.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 240.20 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 249.37 173.10 Td (grounds ) Tj ET Q q 0 0 0 rg BT 284.09 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.25 173.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 342.96 173.10 Td (termination.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 155.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 155.10 Td (Security ) Tj ET Q q 0 0 0 rg BT 149.64 155.10 Td (features ) Tj ET Q q 0 0 0 rg BT 184.60 155.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 206.80 155.10 Td (access ) Tj ET Q q 0 0 0 rg BT 235.65 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.74 155.10 Td (data ) Tj ET Q q 0 0 0 rg BT 266.71 155.10 Td (only ) Tj ET Q q 0 0 0 rg BT 287.80 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.89 155.10 Td (that ) Tj ET Q q 0 0 0 rg BT 317.20 155.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 348.83 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.92 155.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 395.44 155.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 437.06 155.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 479.25 155.10 Td (job ) Tj ET Q q 0 0 0 rg BT 495.34 155.10 Td (functions. ) Tj ET Q q 0 0 0 rg BT 538.13 155.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 143.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 158.63 143.10 Td (are ) Tj ET Q q 0 0 0 rg BT 173.68 143.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 206.52 143.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.37 143.10 Td ("security ) Tj ET Q q 0 0 0 rg BT 257.95 143.10 Td (group," ) Tj ET Q q 0 0 0 rg BT 290.71 143.10 Td (which ) Tj ET Q q 0 0 0 rg BT 318.00 143.10 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 369.17 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.80 143.10 Td (both ) Tj ET Q q 0 0 0 rg BT 400.43 143.10 Td (job ) Tj ET Q q 0 0 0 rg BT 416.05 143.10 Td (title ) Tj ET Q q 0 0 0 rg BT 434.46 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.74 143.10 Td (function ) Tj ET Q q 0 0 0 rg BT 487.92 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.20 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.27 143.10 Td (number ) Tj ET Q q 0 0 0 rg BT 553.67 143.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 131.10 Td (Prosper's ) Tj ET Q q 0 0 0 rg BT 152.22 131.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 197.97 131.10 Td (that ) Tj ET Q q 0 0 0 rg BT 215.94 131.10 Td (have ) Tj ET Q q 0 0 0 rg BT 237.79 131.10 Td (access ) Tj ET Q q 0 0 0 rg BT 266.31 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.07 131.10 Td (such ) Tj ET Q q 0 0 0 rg BT 298.38 131.10 Td (non-public ) Tj ET Q q 0 0 0 rg BT 344.68 131.10 Td (information ) Tj ET Q q 0 0 0 rg BT 394.87 131.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.85 131.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.27 131.10 Td ("bulk" ) Tj ET Q q 0 0 0 rg BT 444.19 131.10 Td (or ) Tj ET Q q 0 0 0 rg BT 455.50 131.10 Td ("query" ) Tj ET Q q 0 0 0 rg BT 489.41 131.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 512.38 131.10 Td (is ) Tj ET Q q 0 0 0 rg BT 522.03 131.10 Td (extremely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 119.10 Td (limited.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 101.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 101.10 Td (In ) Tj ET Q q 0 0 0 rg BT 123.77 101.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 158.98 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.20 101.10 Td (prevention ) Tj ET Q q 0 0 0 rg BT 214.41 101.10 Td (ef) Tj ET Q q 0 0 0 rg BT 222.00 101.10 Td (forts, ) Tj ET Q q 0 0 0 rg BT 245.27 101.10 Td (we ) Tj ET Q q 0 0 0 rg BT 259.37 101.10 Td (have ) Tj ET Q q 0 0 0 rg BT 280.68 101.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 324.22 101.10 Td (an ) Tj ET Q q 0 0 0 rg BT 336.10 101.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 358.53 101.10 Td (process ) Tj ET Q q 0 0 0 rg BT 390.96 101.10 Td (that ) Tj ET Q q 0 0 0 rg BT 408.40 101.10 Td (identifies ) Tj ET Q q 0 0 0 rg BT 448.05 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.93 101.10 Td (investigates ) Tj ET Q q 0 0 0 rg BT 514.58 101.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 547.58 101.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 89.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 137.72 89.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 170.76 89.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 209.36 89.10 Td (that ) Tj ET Q q 0 0 0 rg BT 226.85 89.10 Td (are ) Tj ET Q q 0 0 0 rg BT 241.56 89.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 281.82 89.10 Td (as ) Tj ET Q q 0 0 0 rg BT 292.65 89.10 Td ("suspicious.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td () Tj ET Q endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Borr) Tj ET Q q 0 0 0 rg BT 70.37 742.25 Td (ower) Tj ET Q q 0 0 0 rg BT 91.28 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 93.78 742.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 118.52 742.25 Td (Funding ) Tj ET Q q 0 0 0 rg BT 157.15 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.77 742.25 Td (Pur) Tj ET Q q 0 0 0 rg BT 191.70 742.25 Td (chases; ) Tj ET Q q 0 0 0 rg BT 224.75 742.25 Td (Sale ) Tj ET Q q 0 0 0 rg BT 245.03 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.86 742.25 Td (Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 108.65 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.41 712.25 Td (bidding ) Tj ET Q q 0 0 0 rg BT 154.52 712.25 Td (period ) Tj ET Q q 0 0 0 rg BT 181.61 712.25 Td (for ) Tj ET Q q 0 0 0 rg BT 194.82 712.25 Td (a ) Tj ET Q q 0 0 0 rg BT 200.80 712.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 227.36 712.25 Td (ends, ) Tj ET Q q 0 0 0 rg BT 249.74 712.25 Td (if ) Tj ET Q q 0 0 0 rg BT 257.39 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.16 712.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 297.71 712.25 Td (has ) Tj ET Q q 0 0 0 rg BT 312.59 712.25 Td (received ) Tj ET Q q 0 0 0 rg BT 348.00 712.25 Td (bids ) Tj ET Q q 0 0 0 rg BT 366.21 712.25 Td (from ) Tj ET Q q 0 0 0 rg BT 387.20 712.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 424.86 712.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 448.06 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.39 712.25 Td (or ) Tj ET Q q 0 0 0 rg BT 467.26 712.25 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 509.34 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.11 712.25 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 83.18 700.25 Td (required ) Tj ET Q q 0 0 0 rg BT 119.68 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.64 700.25 Td (fund, ) Tj ET Q q 0 0 0 rg BT 154.66 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.06 700.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 204.35 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.87 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.27 700.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 291.66 700.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 333.17 700.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 356.90 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.52 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.93 700.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 408.66 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.17 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.58 700.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 462.09 700.25 Td (or ) Tj ET Q q 0 0 0 rg BT 473.61 700.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 515.11 700.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 538.84 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.81 700.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 88.61 688.25 Td (who ) Tj ET Q q 0 0 0 rg BT 108.33 688.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 123.61 688.25 Td (on ) Tj ET Q q 0 0 0 rg BT 136.11 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.83 688.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 178.33 688.25 Td (will ) Tj ET Q q 0 0 0 rg BT 196.39 688.25 Td (proceed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.25 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 130.25 658.25 Td (execute ) Tj ET Q q 0 0 0 rg BT 162.83 658.25 Td (an ) Tj ET Q q 0 0 0 rg BT 174.31 658.25 Td (electronic ) Tj ET Q q 0 0 0 rg BT 215.77 658.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 254.46 658.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 302.04 658.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 345.72 658.25 Td (at ) Tj ET Q q 0 0 0 rg BT 354.98 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.24 658.25 Td (time ) Tj ET Q q 0 0 0 rg BT 389.05 658.25 Td (they ) Tj ET Q q 0 0 0 rg BT 408.31 658.25 Td (post ) Tj ET Q q 0 0 0 rg BT 427.02 658.25 Td (a ) Tj ET Q q 0 0 0 rg BT 433.50 658.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 460.55 658.25 Td (on ) Tj ET Q q 0 0 0 rg BT 472.59 658.25 Td (our ) Tj ET Q q 0 0 0 rg BT 487.96 658.25 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 540.91 658.25 Td (After ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 93.20 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.19 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.07 646.25 Td (bidding ) Tj ET Q q 0 0 0 rg BT 152.29 646.25 Td (period ) Tj ET Q q 0 0 0 rg BT 180.49 646.25 Td (for ) Tj ET Q q 0 0 0 rg BT 194.81 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.69 646.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 237.36 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.45 646.25 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 303.21 646.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 350.86 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.85 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.73 646.25 Td (pre-funding ) Tj ET Q q 0 0 0 rg BT 426.59 646.25 Td (verification ) Tj ET Q q 0 0 0 rg BT 475.34 646.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 510.49 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.37 646.25 Td (borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (executes ) Tj ET Q q 0 0 0 rg BT 86.89 634.25 Td (an ) Tj ET Q q 0 0 0 rg BT 98.80 634.25 Td (electronic ) Tj ET Q q 0 0 0 rg BT 140.69 634.25 Td (promissory ) Tj ET Q q 0 0 0 rg BT 188.16 634.25 Td (note ) Tj ET Q q 0 0 0 rg BT 207.85 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.09 634.25 Td (favor ) Tj ET Q q 0 0 0 rg BT 241.66 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.28 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 260.92 634.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 293.94 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 304.19 634.25 Td (an ) Tj ET Q q 0 0 0 rg BT 316.09 634.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 348.56 634.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 372.68 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.93 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.62 634.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 427.86 634.25 Td (total ) Tj ET Q q 0 0 0 rg BT 448.10 634.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 482.89 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 491.52 634.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 524.54 634.25 Td (then ) Tj ET Q q 0 0 0 rg BT 544.23 634.25 Td (sells ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.10 622.25 Td (assigns ) Tj ET Q q 0 0 0 rg BT 98.65 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.52 622.25 Td (promissory ) Tj ET Q q 0 0 0 rg BT 161.18 622.25 Td (note ) Tj ET Q q 0 0 0 rg BT 181.05 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.49 622.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 208.35 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 211.01 622.25 Td (without ) Tj ET Q q 0 0 0 rg BT 244.22 622.25 Td (recourse. ) Tj ET Q q 0 0 0 rg BT 283.05 622.25 Td (The ) Tj ET Q q 0 0 0 rg BT 301.26 622.25 Td (promissory ) Tj ET Q q 0 0 0 rg BT 348.92 622.25 Td (note ) Tj ET Q q 0 0 0 rg BT 368.79 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.89 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.76 622.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 440.07 622.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 488.27 622.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 532.57 622.25 Td (contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 94.40 610.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 142.67 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.85 610.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 202.57 610.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 241.97 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.93 610.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 300.21 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.73 610.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 335.68 610.25 Td (their ) Tj ET Q q 0 0 0 rg BT 356.74 610.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 380.59 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.77 610.25 Td (describing ) Tj ET Q q 0 0 0 rg BT 442.17 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.13 610.25 Td (process ) Tj ET Q q 0 0 0 rg BT 489.86 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.93 610.25 Td (posting ) Tj ET Q q 0 0 0 rg BT 533.12 610.25 Td (listings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 598.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 107.21 598.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 130.82 598.25 Td (through ) Tj ET Q q 0 0 0 rg BT 164.43 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 180.26 598.25 Td (marketplace.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 568.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 128.54 568.25 Td (originates ) Tj ET Q q 0 0 0 rg BT 171.32 568.25 Td (all ) Tj ET Q q 0 0 0 rg BT 184.67 568.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 209.13 568.25 Td (made ) Tj ET Q q 0 0 0 rg BT 234.13 568.25 Td (through ) Tj ET Q q 0 0 0 rg BT 268.59 568.25 Td (our ) Tj ET Q q 0 0 0 rg BT 285.27 568.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 339.98 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.77 568.25 Td (disburses ) Tj ET Q q 0 0 0 rg BT 398.34 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.91 568.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 434.48 568.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 473.37 568.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.50 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.06 568.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 536.16 568.25 Td (. ) Tj ET Q q 0 0 0 rg BT 542.01 568.25 Td (Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 89.27 556.25 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 132.99 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.82 556.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 167.66 556.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 205.82 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.22 556.25 Td (be ) Tj ET Q q 0 0 0 rg BT 228.28 556.25 Td (disbursed ) Tj ET Q q 0 0 0 rg BT 269.23 556.25 Td (by ) Tj ET Q q 0 0 0 rg BT 281.27 556.25 Td (ACH ) Tj ET Q q 0 0 0 rg BT 305.01 556.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 338.17 556.25 Td (into ) Tj ET Q q 0 0 0 rg BT 356.34 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.18 556.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 416.15 556.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 461.53 556.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 483.59 556.25 Td (account. ) Tj ET Q q 0 0 0 rg BT 519.81 556.25 Td (Borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.56 544.25 Td (able ) Tj ET Q q 0 0 0 rg BT 83.57 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.70 544.25 Td (use ) Tj ET Q q 0 0 0 rg BT 109.38 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.96 544.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 143.53 544.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 181.42 544.25 Td (for ) Tj ET Q q 0 0 0 rg BT 195.43 544.25 Td (any ) Tj ET Q q 0 0 0 rg BT 212.22 544.25 Td (purpose ) Tj ET Q q 0 0 0 rg BT 246.24 544.25 Td (other ) Tj ET Q q 0 0 0 rg BT 269.14 544.25 Td (than ) Tj ET Q q 0 0 0 rg BT 288.71 544.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 300.50 544.25 Td (buying, ) Tj ET Q q 0 0 0 rg BT 333.13 544.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 368.80 544.25 Td (or ) Tj ET Q q 0 0 0 rg BT 379.48 544.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 410.16 544.25 Td (in ) Tj ET Q q 0 0 0 rg BT 420.29 544.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 460.41 544.25 Td (or ) Tj ET Q q 0 0 0 rg BT 471.09 544.25 Td (buying ) Tj ET Q q 0 0 0 rg BT 501.23 544.25 Td (or ) Tj ET Q q 0 0 0 rg BT 511.91 544.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 547.58 544.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (part ) Tj ET Q q 0 0 0 rg BT 67.91 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.61 532.25 Td (an ) Tj ET Q q 0 0 0 rg BT 90.41 532.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 136.66 532.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 171.22 532.25 Td (security) Tj ET Q q 0 0 0 rg BT 202.23 532.25 Td (, ) Tj ET Q q 0 0 0 rg BT 207.09 532.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 221.68 532.25 Td (paying ) Tj ET Q q 0 0 0 rg BT 251.26 532.25 Td (for ) Tj ET Q q 0 0 0 rg BT 265.28 532.25 Td (postsecondary ) Tj ET Q q 0 0 0 rg BT 324.85 532.25 Td (educational ) Tj ET Q q 0 0 0 rg BT 373.31 532.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 411.77 532.25 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.10 532.25 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.32 532.25 Td (, ) Tj ET Q q 0 0 0 rg BT 432.18 532.25 Td (tuition, ) Tj ET Q q 0 0 0 rg BT 463.16 532.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 484.12 532.25 Td (required ) Tj ET Q q 0 0 0 rg BT 519.80 532.25 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.65 520.25 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 100.24 520.25 Td (or ) Tj ET Q q 0 0 0 rg BT 111.89 520.25 Td (room ) Tj ET Q q 0 0 0 rg BT 136.31 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.07 520.25 Td (board\) ) Tj ET Q q 0 0 0 rg BT 183.49 520.25 Td (at ) Tj ET Q q 0 0 0 rg BT 194.02 520.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.77 520.25 Td (college/university/vocational ) Tj ET Q q 0 0 0 rg BT 321.17 520.25 Td (school, ) Tj ET Q q 0 0 0 rg BT 353.09 520.25 Td (as ) Tj ET Q q 0 0 0 rg BT 364.74 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.27 520.25 Td (term ) Tj ET Q q 0 0 0 rg BT 401.91 520.25 Td ("postsecondary ) Tj ET Q q 0 0 0 rg BT 466.52 520.25 Td (educational ) Tj ET Q q 0 0 0 rg BT 515.93 520.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 555.34 520.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.81 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 91.40 508.25 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 122.10 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.25 508.25 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 175.18 508.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 208.66 508.25 Td (Protection ) Tj ET Q q 0 0 0 rg BT 251.58 508.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 297.28 508.25 Td (Z, ) Tj ET Q q 0 0 0 rg BT 307.71 508.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 319.53 508.25 Td (C.F) Tj ET Q q 0 0 0 rg BT 333.46 508.25 Td (.R. ) Tj ET Q q 0 0 0 rg BT 346.95 508.25 Td ( ) Tj ET Q q 0 0 0 rg BT 353.77 508.25 Td (1026.46\(b\)\(3\), ) Tj ET Q q 0 0 0 rg BT 413.91 508.25 Td (or ) Tj ET Q q 0 0 0 rg BT 424.06 508.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 440.88 508.25 Td (engaging ) Tj ET Q q 0 0 0 rg BT 479.35 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 488.95 508.25 Td (any ) Tj ET Q q 0 0 0 rg BT 505.21 508.25 Td (illegal ) Tj ET Q q 0 0 0 rg BT 532.02 508.25 Td (activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 496.25 Td (gambling, ) Tj ET Q q 0 0 0 rg BT 103.60 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.54 496.25 Td (they ) Tj ET Q q 0 0 0 rg BT 140.26 496.25 Td (warrant, ) Tj ET Q q 0 0 0 rg BT 175.80 496.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 214.94 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.88 496.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 256.03 496.25 Td (that ) Tj ET Q q 0 0 0 rg BT 273.52 496.25 Td (they ) Tj ET Q q 0 0 0 rg BT 293.24 496.25 Td (will ) Tj ET Q q 0 0 0 rg BT 311.29 496.25 Td (not ) Tj ET Q q 0 0 0 rg BT 326.57 496.25 Td (use ) Tj ET Q q 0 0 0 rg BT 342.40 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.12 496.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 395.16 496.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.99 496.25 Td (any ) Tj ET Q q 0 0 0 rg BT 422.92 496.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 442.64 496.25 Td (for ) Tj ET Q q 0 0 0 rg BT 456.80 496.25 Td (such ) Tj ET Q q 0 0 0 rg BT 477.63 496.25 Td (purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.25 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 130.92 466.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 148.07 466.25 Td (an ) Tj ET Q q 0 0 0 rg BT 160.22 466.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 206.82 466.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 221.73 466.25 Td (out ) Tj ET Q q 0 0 0 rg BT 237.22 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.27 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.19 466.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 301.44 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.48 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.41 466.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 368.44 466.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 391.70 466.25 Td (at ) Tj ET Q q 0 0 0 rg BT 401.63 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.56 466.25 Td (time ) Tj ET Q q 0 0 0 rg BT 437.04 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.09 466.25 Td (funding. ) Tj ET Q q 0 0 0 rg BT 483.81 466.25 Td (As ) Tj ET Q q 0 0 0 rg BT 497.63 466.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.46 466.25 Td (June1, ) Tj ET Q q 0 0 0 rg BT 539.50 466.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 466.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 96.38 454.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 114.98 454.25 Td (on ) Tj ET Q q 0 0 0 rg BT 127.48 454.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 168.30 454.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 195.24 454.25 Td (were ) Tj ET Q q 0 0 0 rg BT 217.17 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 228.00 454.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 402.75 168.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 402.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 402.75 168.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 402.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 402.75 168.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 374.75 168.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 374.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 374.75 168.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 374.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 374.75 168.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 402.75 m 217.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 402.75 m 389.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 402.75 m 561.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 402.75 m 217.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 402.75 m 389.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 402.75 m 561.5 402.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.50 407.43 Td (Prosper Rating) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.55 407.43 Td (Origination Fee % \(3 Year Loan\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.55 407.43 Td (Origination Fee % \(5 Year Loan\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.05 393.32 Td (AA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 393.32 Td (1.00% - 3.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 393.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 393.32 Td (3.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 393.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.65 379.32 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 379.32 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 379.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 379.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 379.32 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 379.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.65 365.32 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 365.32 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 365.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 365.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 365.32 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 365.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.55 351.32 Td (C - HR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 351.32 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 351.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 351.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 351.32 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 351.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 317.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.38 317.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 151.09 317.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 170.02 317.25 Td (are ) Tj ET Q q 0 0 0 rg BT 185.06 317.25 Td (char) Tj ET Q q 0 0 0 rg BT 202.09 317.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 219.36 317.25 Td (by ) Tj ET Q q 0 0 0 rg BT 231.99 317.25 Td (W) Tj ET Q q 0 0 0 rg BT 240.62 317.25 Td (ebBank, ) Tj ET Q q 0 0 0 rg BT 276.50 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.77 317.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 327.16 317.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 362.74 317.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 403.90 317.25 Td (from ) Tj ET Q q 0 0 0 rg BT 425.97 317.25 Td (W) Tj ET Q q 0 0 0 rg BT 434.60 317.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 467.98 317.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 492.47 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 503.08 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.13 317.25 Td (origination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 68.60 305.25 Td (as ) Tj ET Q q 0 0 0 rg BT 79.43 305.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 137.47 305.25 Td (for ) Tj ET Q q 0 0 0 rg BT 151.63 305.25 Td (its ) Tj ET Q q 0 0 0 rg BT 163.58 305.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 183.30 305.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 229.68 305.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 268.28 305.25 Td (it ) Tj ET Q q 0 0 0 rg BT 276.33 305.25 Td (undertakes ) Tj ET Q q 0 0 0 rg BT 322.15 305.25 Td (on ) Tj ET Q q 0 0 0 rg BT 334.47 305.25 Td (W) Tj ET Q q 0 0 0 rg BT 343.11 305.25 Td (ebBank's ) Tj ET Q q 0 0 0 rg BT 381.85 305.25 Td (behalf.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 275.25 Td (Investors ) Tj ET Q q 0 0 0 rg BT 125.23 275.25 Td (know ) Tj ET Q q 0 0 0 rg BT 150.02 275.25 Td (only ) Tj ET Q q 0 0 0 rg BT 170.37 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.16 275.25 Td (screen ) Tj ET Q q 0 0 0 rg BT 213.26 275.25 Td (names, ) Tj ET Q q 0 0 0 rg BT 243.88 275.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.89 275.25 Td (do ) Tj ET Q q 0 0 0 rg BT 273.46 275.25 Td (not ) Tj ET Q q 0 0 0 rg BT 288.81 275.25 Td (know ) Tj ET Q q 0 0 0 rg BT 313.60 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.38 275.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 354.83 275.25 Td (names, ) Tj ET Q q 0 0 0 rg BT 385.44 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.34 275.25 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 441.77 275.25 Td (The ) Tj ET Q q 0 0 0 rg BT 459.89 275.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 486.33 275.25 Td (names ) Tj ET Q q 0 0 0 rg BT 514.44 275.25 Td (and ) Tj ET Q q 0 0 0 rg BT 531.45 275.25 Td (mailing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (addresses ) Tj ET Q q 0 0 0 rg BT 90.19 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.38 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.46 263.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 156.87 263.25 Td (are ) Tj ET Q q 0 0 0 rg BT 170.94 263.25 Td (known ) Tj ET Q q 0 0 0 rg BT 200.03 263.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.67 263.25 Td (us ) Tj ET Q q 0 0 0 rg BT 220.43 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.60 263.25 Td (W) Tj ET Q q 0 0 0 rg BT 245.24 263.25 Td (ebBank. ) Tj ET Q q 0 0 0 rg BT 280.15 263.25 Td (In ) Tj ET Q q 0 0 0 rg BT 290.34 263.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 327.48 263.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 365.46 263.25 Td (who ) Tj ET Q q 0 0 0 rg BT 384.54 263.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 421.95 263.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 462.13 263.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 488.43 263.25 Td (through ) Tj ET Q q 0 0 0 rg BT 521.41 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.36 263.25 Td (Whole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 72.78 251.25 Td (Channel ) Tj ET Q q 0 0 0 rg BT 108.34 251.25 Td (are ) Tj ET Q q 0 0 0 rg BT 122.79 251.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 155.01 251.25 Td (to ) Tj ET Q q 0 0 0 rg BT 165.03 251.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 196.13 251.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 235.01 251.25 Td (application ) Tj ET Q q 0 0 0 rg BT 281.68 251.25 Td (information ) Tj ET Q q 0 0 0 rg BT 331.13 251.25 Td (for ) Tj ET Q q 0 0 0 rg BT 345.02 251.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 385.58 251.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 412.26 251.25 Td (that ) Tj ET Q q 0 0 0 rg BT 429.49 251.25 Td (they ) Tj ET Q q 0 0 0 rg BT 448.94 251.25 Td (purchase. ) Tj ET Q q 0 0 0 rg BT 489.21 251.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 511.45 251.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 549.79 251.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (required ) Tj ET Q q 0 0 0 rg BT 85.85 239.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.17 239.25 Td (use ) Tj ET Q q 0 0 0 rg BT 112.04 239.25 Td (a ) Tj ET Q q 0 0 0 rg BT 119.01 239.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 157.09 239.25 Td (custodian ) Tj ET Q q 0 0 0 rg BT 197.96 239.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 212.16 239.25 Td (that ) Tj ET Q q 0 0 0 rg BT 229.69 239.25 Td (term ) Tj ET Q q 0 0 0 rg BT 250.55 239.25 Td (is ) Tj ET Q q 0 0 0 rg BT 259.76 239.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 292.28 239.25 Td (in ) Tj ET Q q 0 0 0 rg BT 302.60 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.36 239.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 363.77 239.25 Td (Advisers ) Tj ET Q q 0 0 0 rg BT 401.30 239.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 421.60 239.25 Td (to ) Tj ET Q q 0 0 0 rg BT 431.92 239.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 452.24 239.25 Td (such ) Tj ET Q q 0 0 0 rg BT 473.10 239.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 512.29 239.25 Td (information, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 227.25 Td (also ) Tj ET Q q 0 0 0 rg BT 85.55 227.25 Td (must ) Tj ET Q q 0 0 0 rg BT 107.50 227.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 136.09 227.25 Td (that ) Tj ET Q q 0 0 0 rg BT 153.59 227.25 Td (such ) Tj ET Q q 0 0 0 rg BT 174.42 227.25 Td (information ) Tj ET Q q 0 0 0 rg BT 224.13 227.25 Td (is ) Tj ET Q q 0 0 0 rg BT 233.30 227.25 Td (handled ) Tj ET Q q 0 0 0 rg BT 267.46 227.25 Td (in ) Tj ET Q q 0 0 0 rg BT 277.73 227.25 Td (a ) Tj ET Q q 0 0 0 rg BT 284.67 227.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 317.16 227.25 Td (that ) Tj ET Q q 0 0 0 rg BT 334.65 227.25 Td (is ) Tj ET Q q 0 0 0 rg BT 343.82 227.25 Td (compliant ) Tj ET Q q 0 0 0 rg BT 386.31 227.25 Td (with ) Tj ET Q q 0 0 0 rg BT 406.59 227.25 Td (all ) Tj ET Q q 0 0 0 rg BT 419.09 227.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 462.68 227.25 Td (privacy ) Tj ET Q q 0 0 0 rg BT 495.16 227.25 Td (laws.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 197.25 Td (When ) Tj ET Q q 0 0 0 rg BT 111.86 197.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 128.72 197.25 Td ( ) Tj ET Q q 0 0 0 rg BT 130.70 197.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 156.57 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.98 197.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 192.74 197.25 Td (a ) Tj ET Q q 0 0 0 rg BT 199.16 197.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 220.58 197.25 Td (or ) Tj ET Q q 0 0 0 rg BT 230.88 197.25 Td (a ) Tj ET Q q 0 0 0 rg BT 237.30 197.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 277.60 197.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 300.13 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.88 197.25 Td (an ) Tj ET Q q 0 0 0 rg BT 321.30 197.25 Td (investor) Tj ET Q q 0 0 0 rg BT 353.12 197.25 Td (, ) Tj ET Q q 0 0 0 rg BT 357.60 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.79 197.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 393.21 197.25 Td (or ) Tj ET Q q 0 0 0 rg BT 403.52 197.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 443.82 197.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 466.35 197.25 Td (is ) Tj ET Q q 0 0 0 rg BT 474.99 197.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 516.40 197.25 Td (in ) Tj ET Q q 0 0 0 rg BT 526.15 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.35 197.25 Td (name ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.82 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.53 185.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 110.23 185.25 Td (on ) Tj ET Q q 0 0 0 rg BT 122.72 185.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 148.13 185.25 Td (books ) Tj ET Q q 0 0 0 rg BT 174.52 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.44 185.25 Td (records. ) Tj ET Q q 0 0 0 rg BT 225.86 185.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 248.34 185.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 294.71 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.53 185.25 Td (a ) Tj ET Q q 0 0 0 rg BT 312.45 185.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 353.26 185.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 376.30 185.25 Td (through ) Tj ET Q q 0 0 0 rg BT 409.90 185.25 Td (our ) Tj ET Q q 0 0 0 rg BT 425.72 185.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 477.06 185.25 Td (is ) Tj ET Q q 0 0 0 rg BT 486.22 185.25 Td (followed ) Tj ET Q q 0 0 0 rg BT 524.26 185.25 Td (by ) Tj ET Q q 0 0 0 rg BT 536.75 185.25 Td (a ) Tj ET Q q 0 0 0 rg BT 543.68 185.25 Td (two-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (step ) Tj ET Q q 0 0 0 rg BT 68.41 173.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 86.25 173.25 Td (transaction: ) Tj ET Q q 0 0 0 rg BT 135.20 173.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 146.77 173.25 Td (W) Tj ET Q q 0 0 0 rg BT 155.41 173.25 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 188.26 173.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 208.33 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.85 173.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 263.47 173.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 286.31 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.39 173.25 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 318.42 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.16 173.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 349.67 173.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 366.53 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 368.83 173.25 Td (either ) Tj ET Q q 0 0 0 rg BT 393.90 173.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 413.97 173.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 439.60 173.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 499.11 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.19 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.70 173.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 72.29 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.82 161.25 Td (a ) Tj ET Q q 0 0 0 rg BT 88.01 161.25 Td (group ) Tj ET Q q 0 0 0 rg BT 113.09 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.16 161.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 161.02 161.25 Td (\(if ) Tj ET Q q 0 0 0 rg BT 172.21 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.17 161.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 226.24 161.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 248.54 161.25 Td (is ) Tj ET Q q 0 0 0 rg BT 256.95 161.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 286.47 161.25 Td (through ) Tj ET Q q 0 0 0 rg BT 319.33 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.29 161.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 354.48 161.25 Td (Channel\), ) Tj ET Q q 0 0 0 rg BT 395.38 161.25 Td (or ) Tj ET Q q 0 0 0 rg BT 405.46 161.25 Td (resells ) Tj ET Q q 0 0 0 rg BT 432.75 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.72 161.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 486.79 161.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 509.08 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.61 161.25 Td (an ) Tj ET Q q 0 0 0 rg BT 529.79 161.25 Td (investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.25 Td (\(if ) Tj ET Q q 0 0 0 rg BT 62.47 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.72 149.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 119.07 149.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 142.65 149.25 Td (is ) Tj ET Q q 0 0 0 rg BT 152.35 149.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 183.15 149.25 Td (through ) Tj ET Q q 0 0 0 rg BT 217.29 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.32 149.25 Td (Whole ) Tj ET Q q 0 0 0 rg BT 262.01 149.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 285.59 149.25 Td (Channel\). ) Tj ET Q q 0 0 0 rg BT 327.78 149.25 Td (In ) Tj ET Q q 0 0 0 rg BT 339.14 149.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 386.05 149.25 Td (with ) Tj ET Q q 0 0 0 rg BT 406.86 149.25 Td (this ) Tj ET Q q 0 0 0 rg BT 424.34 149.25 Td (two-step ) Tj ET Q q 0 0 0 rg BT 461.81 149.25 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 511.21 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.46 149.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.25 Td (price ) Tj ET Q q 0 0 0 rg BT 72.56 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.46 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.24 137.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 124.15 137.25 Td (or ) Tj ET Q q 0 0 0 rg BT 135.05 137.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 175.94 137.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 201.56 137.25 Td (as ) Tj ET Q q 0 0 0 rg BT 212.46 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.24 137.25 Td (case ) Tj ET Q q 0 0 0 rg BT 247.02 137.25 Td (may ) Tj ET Q q 0 0 0 rg BT 266.81 137.25 Td (be, ) Tj ET Q q 0 0 0 rg BT 281.32 137.25 Td (is ) Tj ET Q q 0 0 0 rg BT 290.56 137.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 336.44 137.25 Td (from ) Tj ET Q q 0 0 0 rg BT 358.44 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.23 137.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 416.89 137.25 Td (FBO ) Tj ET Q q 0 0 0 rg BT 438.92 137.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 472.60 137.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 510.15 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.31 137.25 Td (W) Tj ET Q q 0 0 0 rg BT 528.95 137.25 Td (ebBank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.25 Td (This ) Tj ET Q q 0 0 0 rg BT 70.49 125.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 103.74 125.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 146.99 125.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 184.13 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.17 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.10 125.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 248.35 125.25 Td (price ) Tj ET Q q 0 0 0 rg BT 271.05 125.25 Td (both ) Tj ET Q q 0 0 0 rg BT 291.54 125.25 Td (by ) Tj ET Q q 0 0 0 rg BT 304.25 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.18 125.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 362.98 125.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 401.80 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.29 125.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 429.15 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.86 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.01 125.25 Td (by ) Tj ET Q q 0 0 0 rg BT 461.72 125.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 478.58 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.29 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.58 125.25 Td (W) Tj ET Q q 0 0 0 rg BT 500.22 125.25 Td (ebBank.PFL) Tj ET Q q 0 0 0 rg BT 552.63 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 555.34 125.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 94.08 113.25 Td (on ) Tj ET Q q 0 0 0 rg BT 107.07 113.25 Td (third ) Tj ET Q q 0 0 0 rg BT 128.94 113.25 Td (party ) Tj ET Q q 0 0 0 rg BT 152.48 113.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 186.57 113.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 219.55 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.32 113.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 263.85 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.05 113.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 304.26 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 315.03 113.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 353.55 113.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 394.86 113.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 422.29 113.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 465.82 113.25 Td (by ) Tj ET Q q 0 0 0 rg BT 478.59 113.25 Td (W) Tj ET Q q 0 0 0 rg BT 487.22 113.25 Td (ebBank. ) Tj ET Q q 0 0 0 rg BT 523.26 113.25 Td (However) Tj ET Q q 0 0 0 rg BT 559.51 113.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 101.25 Td ( ) Tj ET Q q 0 0 0 rg BT 68.83 101.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 103.57 101.25 Td (that ) Tj ET Q q 0 0 0 rg BT 120.54 101.25 Td (if ) Tj ET Q q 0 0 0 rg BT 128.62 101.25 Td (any ) Tj ET Q q 0 0 0 rg BT 145.04 101.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 185.32 101.25 Td (third ) Tj ET Q q 0 0 0 rg BT 206.18 101.25 Td (party ) Tj ET Q q 0 0 0 rg BT 228.70 101.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 261.79 101.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 293.75 101.25 Td (were ) Tj ET Q q 0 0 0 rg BT 315.15 101.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.91 101.25 Td (be ) Tj ET Q q 0 0 0 rg BT 336.32 101.25 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 383.55 101.25 Td (given ) Tj ET Q q 0 0 0 rg BT 407.74 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.93 101.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 455.56 101.25 Td (from ) Tj ET Q q 0 0 0 rg BT 476.97 101.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 510.61 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.03 101.25 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 88.03 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.74 89.25 Td (both ) Tj ET Q q 0 0 0 rg BT 117.44 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.58 89.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 152.95 89.25 Td (Channel ) Tj ET Q q 0 0 0 rg BT 188.20 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.56 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.56 89.25 Td (Whole ) Tj ET Q q 0 0 0 rg BT 247.14 89.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 269.62 89.25 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 307.37 89.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 324.23 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 326.15 89.25 Td (would ) Tj ET Q q 0 0 0 rg BT 353.08 89.25 Td (not ) Tj ET Q q 0 0 0 rg BT 367.78 89.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 395.80 89.25 Td (any ) Tj ET Q q 0 0 0 rg BT 412.16 89.25 Td (material ) Tj ET Q q 0 0 0 rg BT 446.85 89.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 483.19 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 492.89 89.25 Td (available ) Tj ET Q q 0 0 0 rg BT 530.91 89.25 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 77.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 98.32 77.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 139.14 77.25 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.25 Td () Tj ET Q endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 74.73 742.25 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 117.23 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.85 742.25 Td (Collection) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 712.25 Td (e ) Tj ET Q q 0 0 0 rg BT 101.63 712.25 Td (each ) Tj ET Q q 0 0 0 rg BT 122.49 712.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 160.04 712.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 189.79 712.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 227.33 712.25 Td (at ) Tj ET Q q 0 0 0 rg BT 236.91 712.25 Td (W) Tj ET Q q 0 0 0 rg BT 245.55 712.25 Td (ells ) Tj ET Q q 0 0 0 rg BT 261.98 712.25 Td (Far) Tj ET Q q 0 0 0 rg BT 275.13 712.25 Td (go, ) Tj ET Q q 0 0 0 rg BT 290.19 712.25 Td (each ) Tj ET Q q 0 0 0 rg BT 311.05 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.93 712.25 Td (which ) Tj ET Q q 0 0 0 rg BT 348.92 712.25 Td (serves ) Tj ET Q q 0 0 0 rg BT 376.46 712.25 Td (as ) Tj ET Q q 0 0 0 rg BT 387.35 712.25 Td (a ) Tj ET Q q 0 0 0 rg BT 394.34 712.25 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 435.20 712.25 Td (account ) Tj ET Q q 0 0 0 rg BT 468.84 712.25 Td (for ) Tj ET Q q 0 0 0 rg BT 483.05 712.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 512.81 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 523.69 712.25 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.44 700.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 103.19 700.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 130.07 700.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 173.04 700.25 Td (by ) Tj ET Q q 0 0 0 rg BT 185.48 700.25 Td (a ) Tj ET Q q 0 0 0 rg BT 192.35 700.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 233.10 700.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 267.75 700.25 Td (through ) Tj ET Q q 0 0 0 rg BT 301.30 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.78 700.25 Td (Whole ) Tj ET Q q 0 0 0 rg BT 344.87 700.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 367.85 700.25 Td (Channel ) Tj ET Q q 0 0 0 rg BT 403.61 700.25 Td (\(each, ) Tj ET Q q 0 0 0 rg BT 430.19 700.25 Td (a ) Tj ET Q q 0 0 0 rg BT 437.07 700.25 Td ("dedicated ) Tj ET Q q 0 0 0 rg BT 481.90 700.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 520.99 700.25 Td (account"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 68.86 688.25 Td (also ) Tj ET Q q 0 0 0 rg BT 86.97 688.25 Td (maintains ) Tj ET Q q 0 0 0 rg BT 127.85 688.25 Td (a ) Tj ET Q q 0 0 0 rg BT 134.29 688.25 Td (pooled ) Tj ET Q q 0 0 0 rg BT 163.50 688.25 Td (account ) Tj ET Q q 0 0 0 rg BT 196.60 688.25 Td (at ) Tj ET Q q 0 0 0 rg BT 205.67 688.25 Td (W) Tj ET Q q 0 0 0 rg BT 214.31 688.25 Td (ells ) Tj ET Q q 0 0 0 rg BT 230.19 688.25 Td (Far) Tj ET Q q 0 0 0 rg BT 243.34 688.25 Td (go ) Tj ET Q q 0 0 0 rg BT 255.34 688.25 Td (for ) Tj ET Q q 0 0 0 rg BT 269.00 688.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 298.20 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.53 688.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 348.86 688.25 Td (on ) Tj ET Q q 0 0 0 rg BT 360.86 688.25 Td (all ) Tj ET Q q 0 0 0 rg BT 372.85 688.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 413.17 688.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 439.61 688.25 Td (not ) Tj ET Q q 0 0 0 rg BT 454.39 688.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 497.48 688.25 Td (with ) Tj ET Q q 0 0 0 rg BT 517.26 688.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.70 688.25 Td (dedicated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 88.12 676.25 Td (account ) Tj ET Q q 0 0 0 rg BT 120.69 676.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 137.70 676.25 Td ("master ) Tj ET Q q 0 0 0 rg BT 169.91 676.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 208.03 676.25 Td (account"\). ) Tj ET Q q 0 0 0 rg BT 250.40 676.25 Td (The ) Tj ET Q q 0 0 0 rg BT 267.42 676.25 Td (master ) Tj ET Q q 0 0 0 rg BT 295.54 676.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 333.66 676.25 Td (account ) Tj ET Q q 0 0 0 rg BT 366.23 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.13 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.82 676.25 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 435.60 676.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 473.72 676.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 510.18 676.25 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 559.50 676.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.26 664.25 Td ("Servicing ) Tj ET Q q 0 0 0 rg BT 108.26 664.25 Td (Accounts"\) ) Tj ET Q q 0 0 0 rg BT 155.49 664.25 Td (are ) Tj ET Q q 0 0 0 rg BT 169.74 664.25 Td (all ) Tj ET Q q 0 0 0 rg BT 181.78 664.25 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 231.59 664.25 Td (bearing, ) Tj ET Q q 0 0 0 rg BT 266.13 664.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 299.83 664.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 330.76 664.25 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 370.14 664.25 Td (The ) Tj ET Q q 0 0 0 rg BT 387.74 664.25 Td (master ) Tj ET Q q 0 0 0 rg BT 416.44 664.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 455.14 664.25 Td (account ) Tj ET Q q 0 0 0 rg BT 488.28 664.25 Td (is ) Tj ET Q q 0 0 0 rg BT 496.99 664.25 Td (held ) Tj ET Q q 0 0 0 rg BT 516.26 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 526.08 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.34 664.25 Td (name ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.54 652.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 78.40 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.61 652.25 Td (for ) Tj ET Q q 0 0 0 rg BT 96.48 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.91 652.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 142.88 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.42 652.25 Td (its ) Tj ET Q q 0 0 0 rg BT 167.08 652.25 Td (investors, ) Tj ET Q q 0 0 0 rg BT 208.90 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.55 652.25 Td (each ) Tj ET Q q 0 0 0 rg BT 248.08 652.25 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 289.60 652.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 329.46 652.25 Td (account ) Tj ET Q q 0 0 0 rg BT 363.77 652.25 Td (is ) Tj ET Q q 0 0 0 rg BT 373.65 652.25 Td (held ) Tj ET Q q 0 0 0 rg BT 394.07 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 405.06 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.49 652.25 Td (name ) Tj ET Q q 0 0 0 rg BT 445.36 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.90 652.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 473.76 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 476.97 652.25 Td (for ) Tj ET Q q 0 0 0 rg BT 491.84 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.27 652.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 538.24 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 652.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 94.41 640.25 Td (investor) Tj ET Q q 0 0 0 rg BT 126.07 640.25 Td (. ) Tj ET Q q 0 0 0 rg BT 131.89 640.25 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 173.53 640.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 192.95 640.25 Td (are ) Tj ET Q q 0 0 0 rg BT 208.47 640.25 Td (netted ) Tj ET Q q 0 0 0 rg BT 236.23 640.25 Td (from ) Tj ET Q q 0 0 0 rg BT 258.98 640.25 Td (any ) Tj ET Q q 0 0 0 rg BT 276.74 640.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 318.38 640.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 342.24 640.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 381.10 640.25 Td (deposited ) Tj ET Q q 0 0 0 rg BT 422.74 640.25 Td (into ) Tj ET Q q 0 0 0 rg BT 441.61 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.15 640.25 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 498.06 640.25 Td (Accounts. ) Tj ET Q q 0 0 0 rg BT 540.91 640.25 Td (After ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (netting ) Tj ET Q q 0 0 0 rg BT 80.53 628.25 Td (out ) Tj ET Q q 0 0 0 rg BT 96.07 628.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 135.49 628.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 156.85 628.25 Td (we ) Tj ET Q q 0 0 0 rg BT 171.27 628.25 Td (remit ) Tj ET Q q 0 0 0 rg BT 195.14 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.11 628.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 253.42 628.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 278.40 628.25 Td (from ) Tj ET Q q 0 0 0 rg BT 300.60 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.58 628.25 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 356.06 628.25 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 396.59 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.13 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.10 628.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 453.75 628.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 491.50 628.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 537.02 628.25 Td (by ) Tj ET Q q 0 0 0 rg BT 549.78 628.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 93.20 616.25 Td (investors. ) Tj ET Q q 0 0 0 rg BT 133.76 616.25 Td (The ) Tj ET Q q 0 0 0 rg BT 151.41 616.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 187.95 616.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 210.61 616.25 Td (for ) Tj ET Q q 0 0 0 rg BT 224.37 616.25 Td (all ) Tj ET Q q 0 0 0 rg BT 236.48 616.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 261.91 616.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 277.35 616.25 Td (on ) Tj ET Q q 0 0 0 rg BT 289.45 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.78 616.25 Td (sixth ) Tj ET Q q 0 0 0 rg BT 325.33 616.25 Td (business ) Tj ET Q q 0 0 0 rg BT 361.33 616.25 Td (day ) Tj ET Q q 0 0 0 rg BT 377.88 616.25 Td (after ) Tj ET Q q 0 0 0 rg BT 398.30 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.62 616.25 Td (due ) Tj ET Q q 0 0 0 rg BT 429.17 616.25 Td (date ) Tj ET Q q 0 0 0 rg BT 447.93 616.25 Td (for ) Tj ET Q q 0 0 0 rg BT 461.70 616.25 Td (each ) Tj ET Q q 0 0 0 rg BT 482.12 616.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 517.56 616.25 Td (installment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.69 604.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 98.60 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.40 604.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 147.20 604.25 Td (on ) Tj ET Q q 0 0 0 rg BT 159.57 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.15 604.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 233.72 604.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 274.41 604.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 299.82 604.25 Td (but ) Tj ET Q q 0 0 0 rg BT 314.96 604.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 346.76 604.25 Td (accrues ) Tj ET Q q 0 0 0 rg BT 379.10 604.25 Td (on ) Tj ET Q q 0 0 0 rg BT 391.46 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.05 604.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 431.74 604.25 Td (only ) Tj ET Q q 0 0 0 rg BT 451.88 604.25 Td (through ) Tj ET Q q 0 0 0 rg BT 485.36 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.94 604.25 Td (due ) Tj ET Q q 0 0 0 rg BT 516.74 604.25 Td (date ) Tj ET Q q 0 0 0 rg BT 535.76 604.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 604.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.51 592.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 120.14 592.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 142.99 592.25 Td (payment. ) Tj ET Q q 0 0 0 rg BT 182.06 592.25 Td (The ) Tj ET Q q 0 0 0 rg BT 199.92 592.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 225.55 592.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 257.29 592.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 274.58 592.25 Td (on ) Tj ET Q q 0 0 0 rg BT 286.89 592.25 Td (each ) Tj ET Q q 0 0 0 rg BT 307.51 592.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 329.26 592.25 Td (is ) Tj ET Q q 0 0 0 rg BT 338.24 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.76 592.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 387.28 592.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 409.59 592.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 455.19 592.25 Td (set ) Tj ET Q q 0 0 0 rg BT 468.61 592.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 490.36 592.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.44 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.97 592.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 534.49 592.25 Td (listing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 580.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 90.54 580.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 136.34 580.25 Td (is ) Tj ET Q q 0 0 0 rg BT 145.51 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.23 580.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 201.05 580.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 224.10 580.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 256.03 580.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 273.52 580.25 Td (net ) Tj ET Q q 0 0 0 rg BT 288.23 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.06 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.78 580.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 352.93 580.25 Td (fee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 550.25 Td (e ) Tj ET Q q 0 0 0 rg BT 101.62 550.25 Td (subtract ) Tj ET Q q 0 0 0 rg BT 135.82 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 142.81 550.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 182.01 550.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 196.76 550.25 Td (from ) Tj ET Q q 0 0 0 rg BT 218.74 550.25 Td (every ) Tj ET Q q 0 0 0 rg BT 243.50 550.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 284.36 550.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 307.45 550.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 344.43 550.25 Td (received. ) Tj ET Q q 0 0 0 rg BT 383.16 550.25 Td (The ) Tj ET Q q 0 0 0 rg BT 401.25 550.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 433.79 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.66 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.43 550.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 498.63 550.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 513.38 550.25 Td (with ) Tj ET Q q 0 0 0 rg BT 533.70 550.25 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.71 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 68.08 538.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 109.32 538.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 146.68 538.25 Td (is ) Tj ET Q q 0 0 0 rg BT 156.28 538.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 199.74 538.25 Td (by ) Tj ET Q q 0 0 0 rg BT 212.67 538.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 226.69 538.25 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 276.29 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.44 538.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 335.46 538.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 365.04 538.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 404.63 538.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 419.77 538.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 437.68 538.25 Td (by ) Tj ET Q q 0 0 0 rg BT 450.61 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 457.98 538.25 Td (fraction, ) Tj ET Q q 0 0 0 rg BT 494.50 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.65 538.25 Td (numerator ) Tj ET Q q 0 0 0 rg BT 553.67 538.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.00 526.25 Td (is ) Tj ET Q q 0 0 0 rg BT 86.24 526.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 110.45 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.80 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.58 526.25 Td (number ) Tj ET Q q 0 0 0 rg BT 168.69 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.58 526.25 Td (days ) Tj ET Q q 0 0 0 rg BT 200.47 526.25 Td (since ) Tj ET Q q 0 0 0 rg BT 223.58 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.36 526.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 283.27 526.25 Td (last ) Tj ET Q q 0 0 0 rg BT 299.72 526.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 336.72 526.25 Td (\(or) Tj ET Q q 0 0 0 rg BT 347.98 526.25 Td (, ) Tj ET Q q 0 0 0 rg BT 353.04 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 363.38 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.16 526.25 Td (case ) Tj ET Q q 0 0 0 rg BT 397.93 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.83 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.61 526.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 468.52 526.25 Td (first ) Tj ET Q q 0 0 0 rg BT 487.19 526.25 Td (payment, ) Tj ET Q q 0 0 0 rg BT 526.68 526.25 Td (since ) Tj ET Q q 0 0 0 rg BT 549.79 526.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (date ) Tj ET Q q 0 0 0 rg BT 69.72 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 82.79 514.25 Td (which ) Tj ET Q q 0 0 0 rg BT 110.29 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.57 514.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 160.84 514.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 202.23 514.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 225.84 514.25 Td (was ) Tj ET Q q 0 0 0 rg BT 244.46 514.25 Td (funded\) ) Tj ET Q q 0 0 0 rg BT 278.62 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.12 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.41 514.25 Td (denominator ) Tj ET Q q 0 0 0 rg BT 365.01 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.41 514.25 Td (which ) Tj ET Q q 0 0 0 rg BT 403.91 514.25 Td (is ) Tj ET Q q 0 0 0 rg BT 413.65 514.25 Td (365, ) Tj ET Q q 0 0 0 rg BT 434.21 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.72 514.25 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 466.44 514.25 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 516.18 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.46 514.25 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 86.93 502.25 Td (by ) Tj ET Q q 0 0 0 rg BT 99.42 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.13 502.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 163.28 502.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 201.32 502.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 234.34 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.16 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.87 502.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 300.68 502.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 323.72 502.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 345.65 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.92 502.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 393.41 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.12 502.25 Td (current ) Tj ET Q q 0 0 0 rg BT 438.92 502.25 Td (payment. ) Tj ET Q q 0 0 0 rg BT 478.17 502.25 Td (The ) Tj ET Q q 0 0 0 rg BT 496.21 502.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 525.35 502.25 Td (servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 64.98 490.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 82.75 490.25 Td (is ) Tj ET Q q 0 0 0 rg BT 92.19 490.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 131.07 490.25 Td (set ) Tj ET Q q 0 0 0 rg BT 144.95 490.25 Td (at ) Tj ET Q q 0 0 0 rg BT 154.95 490.25 Td (1.0% ) Tj ET Q q 0 0 0 rg BT 178.55 490.25 Td (per ) Tj ET Q q 0 0 0 rg BT 194.10 490.25 Td (annum ) Tj ET Q q 0 0 0 rg BT 224.09 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 235.20 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.19 490.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 299.64 490.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 337.96 490.25 Td (balance, ) Tj ET Q q 0 0 0 rg BT 373.77 490.25 Td (but ) Tj ET Q q 0 0 0 rg BT 389.32 490.25 Td (we ) Tj ET Q q 0 0 0 rg BT 403.76 490.25 Td (may ) Tj ET Q q 0 0 0 rg BT 423.75 490.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 459.28 490.25 Td (that ) Tj ET Q q 0 0 0 rg BT 477.06 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 487.61 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.61 490.25 Td (future ) Tj ET Q q 0 0 0 rg BT 529.26 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 539.82 490.25 Td (a ) Tj ET Q q 0 0 0 rg BT 547.03 490.25 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 80.29 478.25 Td (than ) Tj ET Q q 0 0 0 rg BT 100.03 478.25 Td (1% ) Tj ET Q q 0 0 0 rg BT 115.90 478.25 Td (but ) Tj ET Q q 0 0 0 rg BT 131.21 478.25 Td (less ) Tj ET Q q 0 0 0 rg BT 148.74 478.25 Td (than ) Tj ET Q q 0 0 0 rg BT 168.49 478.25 Td (or ) Tj ET Q q 0 0 0 rg BT 179.35 478.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 203.54 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 213.85 478.25 Td (3% ) Tj ET Q q 0 0 0 rg BT 229.71 478.25 Td (per ) Tj ET Q q 0 0 0 rg BT 245.01 478.25 Td (annum. ) Tj ET Q q 0 0 0 rg BT 276.70 478.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 296.45 478.25 Td (change ) Tj ET Q q 0 0 0 rg BT 327.30 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 337.61 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 353.47 478.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 392.66 478.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 407.40 478.25 Td (will ) Tj ET Q q 0 0 0 rg BT 425.48 478.25 Td (only ) Tj ET Q q 0 0 0 rg BT 445.79 478.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 470.54 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.85 478.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 506.71 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.68 478.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.94 466.25 Td (of) Tj ET Q q 0 0 0 rg BT 85.09 466.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 108.13 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.06 466.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 144.23 466.25 Td (after ) Tj ET Q q 0 0 0 rg BT 165.05 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.77 466.25 Td (date ) Tj ET Q q 0 0 0 rg BT 198.92 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.75 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.47 466.25 Td (change.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 436.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 436.25 Td (o ) Tj ET Q q 0 0 0 rg BT 98.13 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.07 436.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 138.22 436.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 157.73 436.25 Td (or ) Tj ET Q q 0 0 0 rg BT 167.78 436.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 184.64 436.25 Td ( ) Tj ET Q q 0 0 0 rg BT 186.36 436.25 Td (does ) Tj ET Q q 0 0 0 rg BT 206.41 436.25 Td (not ) Tj ET Q q 0 0 0 rg BT 220.91 436.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 251.50 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.43 436.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 311.02 436.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 351.07 436.25 Td (on ) Tj ET Q q 0 0 0 rg BT 362.79 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 368.95 436.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 408.99 436.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 431.26 436.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 460.75 436.25 Td (through ) Tj ET Q q 0 0 0 rg BT 493.58 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.52 436.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 528.68 436.25 Td (Channel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (on ) Tj ET Q q 0 0 0 rg BT 61.83 424.25 Td (or ) Tj ET Q q 0 0 0 rg BT 72.00 424.25 Td (before ) Tj ET Q q 0 0 0 rg BT 99.37 424.25 Td (any ) Tj ET Q q 0 0 0 rg BT 115.65 424.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 134.70 424.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 170.97 424.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 191.96 424.25 Td (it ) Tj ET Q q 0 0 0 rg BT 199.35 424.25 Td (will ) Tj ET Q q 0 0 0 rg BT 216.74 424.25 Td (not ) Tj ET Q q 0 0 0 rg BT 231.35 424.25 Td (make ) Tj ET Q q 0 0 0 rg BT 254.84 424.25 Td (any ) Tj ET Q q 0 0 0 rg BT 271.12 424.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 311.28 424.25 Td (on ) Tj ET Q q 0 0 0 rg BT 323.11 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.16 424.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 396.21 424.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 421.37 424.25 Td (on ) Tj ET Q q 0 0 0 rg BT 433.21 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.26 424.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 506.30 424.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 527.57 424.25 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 71.70 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.68 412.25 Td (a ) Tj ET Q q 0 0 0 rg BT 95.66 412.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 123.75 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.63 412.25 Td (any ) Tj ET Q q 0 0 0 rg BT 151.61 412.25 Td (such ) Tj ET Q q 0 0 0 rg BT 172.49 412.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 194.47 412.25 Td (will ) Tj ET Q q 0 0 0 rg BT 212.57 412.25 Td (not ) Tj ET Q q 0 0 0 rg BT 227.89 412.25 Td (have ) Tj ET Q q 0 0 0 rg BT 249.31 412.25 Td (any ) Tj ET Q q 0 0 0 rg BT 266.29 412.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 291.62 412.25 Td (against ) Tj ET Q q 0 0 0 rg BT 322.49 412.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 339.35 412.25 Td ( ) Tj ET Q q 0 0 0 rg BT 341.89 412.25 Td (or ) Tj ET Q q 0 0 0 rg BT 352.76 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.52 412.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 406.72 412.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.04 412.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 450.13 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.45 412.25 Td (any ) Tj ET Q q 0 0 0 rg BT 477.43 412.25 Td (such ) Tj ET Q q 0 0 0 rg BT 498.31 412.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 522.50 412.25 Td (or ) Tj ET Q q 0 0 0 rg BT 533.38 412.25 Td (for ) Tj ET Q q 0 0 0 rg BT 547.58 412.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (shortfalls ) Tj ET Q q 0 0 0 rg BT 90.15 400.25 Td (in ) Tj ET Q q 0 0 0 rg BT 100.86 400.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 134.88 400.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 157.25 400.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 189.62 400.25 Td (that ) Tj ET Q q 0 0 0 rg BT 207.55 400.25 Td (result ) Tj ET Q q 0 0 0 rg BT 232.70 400.25 Td (then ) Tj ET Q q 0 0 0 rg BT 252.85 400.25 Td (or ) Tj ET Q q 0 0 0 rg BT 264.11 400.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.82 400.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 308.30 400.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.01 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.16 400.25 Td (final ) Tj ET Q q 0 0 0 rg BT 355.42 400.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 392.24 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.50 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.65 400.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 443.52 400.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 466.44 400.25 Td (holder's ) Tj ET Q q 0 0 0 rg BT 500.62 400.25 Td (right ) Tj ET Q q 0 0 0 rg BT 522.44 400.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.15 400.25 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 87.89 388.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.68 388.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 136.46 388.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 177.13 388.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.92 388.25 Td (other ) Tj ET Q q 0 0 0 rg BT 216.82 388.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 253.05 388.25 Td (in ) Tj ET Q q 0 0 0 rg BT 263.18 388.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 293.84 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 304.52 388.25 Td (that ) Tj ET Q q 0 0 0 rg BT 321.87 388.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 343.65 388.25 Td (is ) Tj ET Q q 0 0 0 rg BT 352.67 388.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 383.35 388.25 Td (in ) Tj ET Q q 0 0 0 rg BT 393.48 388.25 Td (all ) Tj ET Q q 0 0 0 rg BT 405.82 388.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 429.27 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.39 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.96 388.25 Td (holder's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.55 388.25 Td (pr) Tj ET Q q 0 0 0 rg BT 496.07 388.25 Td (o ) Tj ET Q q 0 0 0 rg BT 503.42 388.25 Td (rata ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.44 388.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 553.67 388.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.25 376.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 100.16 376.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 117.02 376.25 Td ( ) Tj ET Q q 0 0 0 rg BT 119.05 376.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 146.64 376.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 181.42 376.25 Td (on ) Tj ET Q q 0 0 0 rg BT 193.45 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.70 376.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 266.94 376.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 307.29 376.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 332.36 376.25 Td (including ) Tj ET Q q 0 0 0 rg BT 372.17 376.25 Td (without ) Tj ET Q q 0 0 0 rg BT 404.75 376.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 448.17 376.25 Td (all ) Tj ET Q q 0 0 0 rg BT 460.20 376.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 500.55 376.25 Td (or ) Tj ET Q q 0 0 0 rg BT 510.91 376.25 Td (prepayments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.93 364.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 99.08 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.12 364.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 150.65 364.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 181.58 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.96 364.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 231.22 364.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 249.92 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.96 364.25 Td (other ) Tj ET Q q 0 0 0 rg BT 290.11 364.25 Td (char) Tj ET Q q 0 0 0 rg BT 307.14 364.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 323.07 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.11 364.25 Td (other ) Tj ET Q q 0 0 0 rg BT 363.26 364.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 381.96 364.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 416.77 364.25 Td (by ) Tj ET Q q 0 0 0 rg BT 429.37 364.25 Td (us ) Tj ET Q q 0 0 0 rg BT 440.86 364.25 Td (or ) Tj ET Q q 0 0 0 rg BT 451.80 364.25 Td (by ) Tj ET Q q 0 0 0 rg BT 464.40 364.25 Td (a ) Tj ET Q q 0 0 0 rg BT 471.44 364.25 Td (third ) Tj ET Q q 0 0 0 rg BT 492.93 364.25 Td (party) Tj ET Q q 0 0 0 rg BT 512.83 364.25 Td (, ) Tj ET Q q 0 0 0 rg BT 517.93 364.25 Td (as ) Tj ET Q q 0 0 0 rg BT 528.86 364.25 Td (set ) Tj ET Q q 0 0 0 rg BT 542.57 364.25 Td (forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 352.25 Td (following ) Tj ET Q q 0 0 0 rg BT 116.38 352.25 Td (chart.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 337.25 Td () Tj ET Q endstream endobj 147 0 obj <> endobj 148 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.22 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 143.77 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 164.88 742.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 214.31 742.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 252.64 742.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 270.40 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.51 742.10 Td (char) Tj ET Q q 0 0 0 rg BT 303.54 742.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 318.54 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 335.20 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 354.09 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 365.20 742.10 Td (char) Tj ET Q q 0 0 0 rg BT 382.23 742.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 398.33 742.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 440.55 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.65 742.10 Td (how ) Tj ET Q q 0 0 0 rg BT 475.55 742.10 Td (these ) Tj ET Q q 0 0 0 rg BT 497.76 742.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 515.53 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.64 742.10 Td (char) Tj ET Q q 0 0 0 rg BT 548.67 742.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 730.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.07 730.10 Td (investors:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 677.60 125.00 -145.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 677.60 4.00 -145.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 677.60 125.00 -145.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 677.60 4.00 -145.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 677.60 125.00 -145.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 677.60 4.00 -145.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 677.60 125.00 -145.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 497.60 125.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 497.60 4.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 497.60 125.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 497.60 4.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 497.60 125.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 497.60 4.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 497.60 125.00 -55.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 677.6 m 174.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 677.6 m 303.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 677.6 m 432.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 677.6 m 561.5 677.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.35 692.28 Td (Description of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.10 682.28 Td (Fee Charged) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.00 687.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.50 692.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 682.28 Td (Fee ) Tj ET Q q 0 0 0 rg BT 231.43 682.28 Td (Amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 687.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.50 692.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.50 682.28 Td (When Fee is Charged) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 687.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.50 692.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.25 682.28 Td (Effect on Investor) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 602.83 Td (Servicing Fee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.00 602.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 667.27 Td (Annualized rate currently set ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 657.27 Td (at 1% per annum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 647.27 Td (outstanding principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 637.27 Td (balance, but which may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 627.27 Td (increase in the future to an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 617.27 Td (amount greater than 1% but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 607.27 Td (less than or equal to 3% per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 597.27 Td (annum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 587.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 577.27 Td (Any change to the servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 567.27 Td (fee will only apply to Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 557.27 Td (and Borrower Loans of) Tj ET Q q 0 0 0 rg BT 273.85 557.27 Td (fered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 547.27 Td (and sold after the date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 537.27 Td (change.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 602.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 622.72 Td (The servicing fee is payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 612.72 Td (on all payments received) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 602.72 Td (from borrowers on Borrower) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 592.72 Td (Loans, including, without) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 582.72 Td (limitation, partial payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 602.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 632.72 Td (The servicing fee reduces the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 622.72 Td (effective yield for Note or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 612.72 Td (Borrower Loan holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 602.72 Td (below the interest rate on the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 592.72 Td (Borrower Loan. This) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 582.72 Td (reduction is reflected in the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 572.72 Td (yield percentage.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 512.83 Td (Non-Sufficient Funds Fee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.00 512.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 517.72 Td ($15, unless a lesser amount is) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 507.72 Td (required by applicable law.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 512.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 517.72 Td (First failed payment for each) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 507.72 Td (billing period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 512.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 522.72 Td (We retain 100% of the non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 512.72 Td (sufficient funds fees to cover) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 502.72 Td (its administrative expenses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 467.83 Td (Late Payment Fee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.00 467.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 487.72 Td (Equal to the greater of 5% of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 477.72 Td (the unpaid installment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 467.72 Td (amount or $15, unless a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 457.72 Td (lesser amount is required by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 447.72 Td (applicable law.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 467.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 487.72 Td (After 15-day grace period,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 477.72 Td (we assess a late payment fee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 467.72 Td (The late payment fee is) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 457.72 Td (charged only once per) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 447.72 Td (payment period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 467.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 487.72 Td (Any late payment fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 477.72 Td (received are paid to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 467.72 Td (investors, subject to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 457.72 Td (deductions for Collection) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 447.72 Td (Fees.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 327.83 Td (Collection Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.00 327.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 352.72 Td (Up to 40% of the amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 342.72 Td (recovered, plus any legal fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 332.72 Td (and transaction fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 322.72 Td (associated with payment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 312.72 Td (processing, up to the "total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 302.72 Td (amount delinquent") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 327.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 377.72 Td (We may collect on a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 367.72 Td (Borrower Loan that becomes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 357.72 Td (past due directly or we may) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 347.72 Td (refer such Borrower Loan to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 337.72 Td (a third party servicer's in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 327.72 Td (house collections department) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 317.72 Td (or to a collection agency.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 307.72 Td (Collection fees and any) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 297.72 Td (related legal fees are only) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 287.72 Td (charged if delinquent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 277.72 Td (amounts are collected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 327.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 432.72 Td (Collections fees charged by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 422.72 Td (us, a third party servicer's in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 412.72 Td (house collections department) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 402.72 Td (or a third party collection) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 392.72 Td (agency will reduce payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 382.72 Td (and the effective yield for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 372.72 Td (Note or Borrower Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 362.72 Td (holders, and are not reflected) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 352.72 Td (in the yield percentage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 342.72 Td (shown on the listing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 332.72 Td (Collection fees will be) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 322.72 Td (retained by us, the third party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 312.72 Td (servicer's in-house collection) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 302.72 Td (department or the collection) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 292.72 Td (agency as additional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 282.72 Td (servicing compensation. In) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 272.72 Td (addition, the servicing fee is) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 262.72 Td (also deducted from the net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 252.72 Td (payments received from a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 242.72 Td (borrower as a result of any) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 232.72 Td (collection efforts on a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 222.72 Td (delinquent Borrower Loan.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 188.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 188.10 Td (e ) Tj ET Q q 0 0 0 rg BT 100.92 188.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 134.97 188.10 Td (borrowers' ) Tj ET Q q 0 0 0 rg BT 179.16 188.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 215.43 188.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 267.79 188.10 Td (on ) Tj ET Q q 0 0 0 rg BT 279.63 188.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 319.79 188.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 346.07 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.69 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.75 188.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 403.79 188.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 441.74 188.10 Td (on ) Tj ET Q q 0 0 0 rg BT 453.58 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.63 188.10 Td (website ) Tj ET Q q 0 0 0 rg BT 500.02 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.30 188.10 Td (also ) Tj ET Q q 0 0 0 rg BT 534.25 188.10 Td (reports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (such ) Tj ET Q q 0 0 0 rg BT 71.18 176.10 Td (information ) Tj ET Q q 0 0 0 rg BT 121.24 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.87 176.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 173.59 176.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 213.10 176.10 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 252.67 176.10 Td (W) Tj ET Q q 0 0 0 rg BT 261.30 176.10 Td (e ) Tj ET Q q 0 0 0 rg BT 268.59 176.10 Td (keep ) Tj ET Q q 0 0 0 rg BT 290.32 176.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 329.27 176.10 Td (informed ) Tj ET Q q 0 0 0 rg BT 368.78 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.96 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.02 176.10 Td (delinquency ) Tj ET Q q 0 0 0 rg BT 446.74 176.10 Td (status ) Tj ET Q q 0 0 0 rg BT 472.37 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.55 176.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 524.72 176.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 552.01 176.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (identifying ) Tj ET Q q 0 0 0 rg BT 96.08 164.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 140.48 164.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 163.79 164.10 Td (on ) Tj ET Q q 0 0 0 rg BT 175.98 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.39 164.10 Td (website ) Tj ET Q q 0 0 0 rg BT 223.13 164.10 Td (as ) Tj ET Q q 0 0 0 rg BT 233.66 164.10 Td ("1 ) Tj ET Q q 0 0 0 rg BT 244.94 164.10 Td (month ) Tj ET Q q 0 0 0 rg BT 272.69 164.10 Td (late," ) Tj ET Q q 0 0 0 rg BT 295.90 164.10 Td ("2 ) Tj ET Q q 0 0 0 rg BT 307.18 164.10 Td (months ) Tj ET Q q 0 0 0 rg BT 338.82 164.10 Td (late," ) Tj ET Q q 0 0 0 rg BT 362.03 164.10 Td ("3 ) Tj ET Q q 0 0 0 rg BT 373.31 164.10 Td (months ) Tj ET Q q 0 0 0 rg BT 404.95 164.10 Td (late," ) Tj ET Q q 0 0 0 rg BT 428.16 164.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.68 164.10 Td ("current." ) Tj ET Q q 0 0 0 rg BT 479.86 164.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 520.37 164.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 547.01 164.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (become ) Tj ET Q q 0 0 0 rg BT 83.87 152.10 Td (more ) Tj ET Q q 0 0 0 rg BT 107.19 152.10 Td (than ) Tj ET Q q 0 0 0 rg BT 127.19 152.10 Td (120 ) Tj ET Q q 0 0 0 rg BT 144.96 152.10 Td (days ) Tj ET Q q 0 0 0 rg BT 166.07 152.10 Td (overdue ) Tj ET Q q 0 0 0 rg BT 201.05 152.10 Td (are ) Tj ET Q q 0 0 0 rg BT 216.03 152.10 Td (char) Tj ET Q q 0 0 0 rg BT 233.06 152.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 250.27 152.10 Td (of) Tj ET Q q 0 0 0 rg BT 258.42 152.10 Td (f ) Tj ET Q q 0 0 0 rg BT 264.53 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.74 152.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 327.28 152.10 Td (as ) Tj ET Q q 0 0 0 rg BT 338.39 152.10 Td (such ) Tj ET Q q 0 0 0 rg BT 359.49 152.10 Td (on ) Tj ET Q q 0 0 0 rg BT 372.27 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.26 152.10 Td (website. ) Tj ET Q q 0 0 0 rg BT 422.89 152.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 460.10 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.09 152.10 Td (website, ) Tj ET Q q 0 0 0 rg BT 510.92 152.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 549.80 152.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (able ) Tj ET Q q 0 0 0 rg BT 69.01 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.14 140.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 113.15 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 140.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 168.39 140.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 195.18 140.10 Td (they ) Tj ET Q q 0 0 0 rg BT 214.75 140.10 Td (have ) Tj ET Q q 0 0 0 rg BT 235.98 140.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 278.86 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.65 140.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 336.33 140.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 363.12 140.10 Td (that ) Tj ET Q q 0 0 0 rg BT 380.46 140.10 Td (correspond ) Tj ET Q q 0 0 0 rg BT 427.24 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.37 140.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 463.05 140.10 Td (they ) Tj ET Q q 0 0 0 rg BT 482.62 140.10 Td (have ) Tj ET Q q 0 0 0 rg BT 503.85 140.10 Td (purchased, ) Tj ET Q q 0 0 0 rg BT 549.24 140.10 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 79.16 128.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 123.85 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.13 128.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.96 128.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 186.34 128.10 Td (intervene ) Tj ET Q q 0 0 0 rg BT 226.04 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.32 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.04 128.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 292.96 128.10 Td (process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 98.10 Td (Late ) Tj ET Q q 0 0 0 rg BT 105.94 98.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 142.55 98.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 195.25 98.10 Td (is ) Tj ET Q q 0 0 0 rg BT 204.09 98.10 Td (an ) Tj ET Q q 0 0 0 rg BT 215.70 98.10 Td (early ) Tj ET Q q 0 0 0 rg BT 237.87 98.10 Td (indicator ) Tj ET Q q 0 0 0 rg BT 275.58 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.09 98.10 Td (char) Tj ET Q q 0 0 0 rg BT 303.11 98.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 314.73 98.10 Td (of) Tj ET Q q 0 0 0 rg BT 322.88 98.10 Td (f ) Tj ET Q q 0 0 0 rg BT 328.38 98.10 Td (probability) Tj ET Q q 0 0 0 rg BT 371.62 98.10 Td (. ) Tj ET Q q 0 0 0 rg BT 376.29 98.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 389.02 98.10 Td (all ) Tj ET Q q 0 0 0 rg BT 401.19 98.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 441.68 98.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 468.30 98.10 Td (originated, ) Tj ET Q q 0 0 0 rg BT 513.51 98.10 Td (collectively) Tj ET Q q 0 0 0 rg BT 559.51 98.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (between ) Tj ET Q q 0 0 0 rg BT 86.36 86.10 Td (July ) Tj ET Q q 0 0 0 rg BT 106.07 86.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 121.62 86.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 144.66 86.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.15 86.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 206.29 86.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.29 86.10 Td (, ) Tj ET Q q 0 0 0 rg BT 231.83 86.10 Td (12.9% ) Tj ET Q q 0 0 0 rg BT 260.71 86.10 Td (have ) Tj ET Q q 0 0 0 rg BT 282.63 86.10 Td (been ) Tj ET Q q 0 0 0 rg BT 304.55 86.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 335.35 86.10 Td (than ) Tj ET Q q 0 0 0 rg BT 355.61 86.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 368.65 86.10 Td (days ) Tj ET Q q 0 0 0 rg BT 390.03 86.10 Td (past ) Tj ET Q q 0 0 0 rg BT 409.18 86.10 Td (due ) Tj ET Q q 0 0 0 rg BT 426.67 86.10 Td (at ) Tj ET Q q 0 0 0 rg BT 436.93 86.10 Td (any ) Tj ET Q q 0 0 0 rg BT 454.41 86.10 Td (time ) Tj ET Q q 0 0 0 rg BT 475.23 86.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.71 86.10 Td (1) Tj ET Q q 0 0 0 rg BT 497.34 86.10 Td (1.5% ) Tj ET Q q 0 0 0 rg BT 521.21 86.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.13 86.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 80.11 74.10 Td (than ) Tj ET Q q 0 0 0 rg BT 99.68 74.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 112.03 74.10 Td (days ) Tj ET Q q 0 0 0 rg BT 132.71 74.10 Td (past ) Tj ET Q q 0 0 0 rg BT 151.18 74.10 Td (due ) Tj ET Q q 0 0 0 rg BT 167.97 74.10 Td (at ) Tj ET Q q 0 0 0 rg BT 177.54 74.10 Td (any ) Tj ET Q q 0 0 0 rg BT 194.33 74.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 216.44 74.10 Td (As ) Tj ET Q q 0 0 0 rg BT 229.91 74.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.59 74.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 284.04 74.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.04 74.10 Td (, ) Tj ET Q q 0 0 0 rg BT 308.89 74.10 Td (85,178 ) Tj ET Q q 0 0 0 rg BT 338.75 74.10 Td (or ) Tj ET Q q 0 0 0 rg BT 349.43 74.10 Td (12.5% ) Tj ET Q q 0 0 0 rg BT 377.62 74.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.30 74.10 Td (all ) Tj ET Q q 0 0 0 rg BT 400.65 74.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 441.32 74.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 468.11 74.10 Td (originated, ) Tj ET Q q 0 0 0 rg BT 513.51 74.10 Td (collectively) Tj ET Q q 0 0 0 rg BT 559.50 74.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (between ) Tj ET Q q 0 0 0 rg BT 85.94 62.10 Td (July ) Tj ET Q q 0 0 0 rg BT 105.23 62.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 120.36 62.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 142.98 62.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.04 62.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 203.76 62.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.76 62.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.39 62.10 Td (have ) Tj ET Q q 0 0 0 rg BT 247.89 62.10 Td (been ) Tj ET Q q 0 0 0 rg BT 269.39 62.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 303.65 62.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.05 62.10 Td (a ) Tj ET Q q 0 0 0 rg BT 321.11 62.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 363.16 62.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 394.10 62.10 Td (for ) Tj ET Q q 0 0 0 rg BT 408.39 62.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 450.44 62.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 501.38 62.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 520.94 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.89 62.10 Td (these, ) Tj ET Q q 0 0 0 rg BT 557.56 62.10 Td (a ) Tj ET Q endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (total ) Tj ET Q q 0 0 0 rg BT 70.74 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.04 742.10 Td (65,346 ) Tj ET Q q 0 0 0 rg BT 112.50 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.80 742.10 Td (76.7% ) Tj ET Q q 0 0 0 rg BT 152.60 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 174.44 742.10 Td (been ) Tj ET Q q 0 0 0 rg BT 196.28 742.10 Td (char) Tj ET Q q 0 0 0 rg BT 213.31 742.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 230.71 742.10 Td (of) Tj ET Q q 0 0 0 rg BT 238.86 742.10 Td (f. ) Tj ET Q q 0 0 0 rg BT 247.44 742.10 Td (Through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.85 742.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 328.91 742.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.91 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 354.38 742.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 376.79 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.19 742.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 435.48 742.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 458.99 742.10 Td (holders, ) Tj ET Q q 0 0 0 rg BT 493.89 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 515.74 742.10 Td (received ) Tj ET Q q 0 0 0 rg BT 552.57 742.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 91.36 730.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 123.86 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.69 730.10 Td ($360, ) Tj ET Q q 0 0 0 rg BT 159.69 730.10 Td (net ) Tj ET Q q 0 0 0 rg BT 174.40 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.23 730.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 227.16 730.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 248.26 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 260.76 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 281.59 730.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 322.41 730.10 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 113.67 700.10 Td (note ) Tj ET Q q 0 0 0 rg BT 133.02 700.10 Td (that ) Tj ET Q q 0 0 0 rg BT 150.14 700.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 189.48 700.10 Td (data ) Tj ET Q q 0 0 0 rg BT 208.27 700.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 248.71 700.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 289.16 700.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 315.72 700.10 Td (may ) Tj ET Q q 0 0 0 rg BT 335.07 700.10 Td (not ) Tj ET Q q 0 0 0 rg BT 349.97 700.10 Td (be ) Tj ET Q q 0 0 0 rg BT 361.54 700.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 403.10 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.56 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.90 700.10 Td (future ) Tj ET Q q 0 0 0 rg BT 453.91 700.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 513.22 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.68 700.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 80.66 688.10 Td (See ) Tj ET Q q 0 0 0 rg BT 98.82 688.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 124.96 688.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 183.68 688.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 217.94 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.44 688.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 246.30 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.02 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.18 688.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 292.18 688.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 311.45 688.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 365.14 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.30 688.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 401.75 688.10 Td (Ability ) Tj ET Q q 0 0 0 rg BT 433.80 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.30 688.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 479.01 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.94 688.10 Td (Notes" ) Tj ET Q q 0 0 0 rg BT 526.08 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 541.46 688.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.03 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.84 646.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 140.86 646.10 Td (dies ) Tj ET Q q 0 0 0 rg BT 159.34 646.10 Td (while ) Tj ET Q q 0 0 0 rg BT 183.93 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.74 646.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 231.43 646.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 254.34 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 263.39 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.53 646.10 Td (repayment, ) Tj ET Q q 0 0 0 rg BT 320.61 646.10 Td (we ) Tj ET Q q 0 0 0 rg BT 334.64 646.10 Td (require ) Tj ET Q q 0 0 0 rg BT 365.32 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.91 646.10 Td (executor ) Tj ET Q q 0 0 0 rg BT 416.71 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.41 646.10 Td (administrator ) Tj ET Q q 0 0 0 rg BT 483.10 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.80 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.39 646.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 533.52 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.67 646.10 Td (send ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.31 634.10 Td (death ) Tj ET Q q 0 0 0 rg BT 81.83 634.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 124.67 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.32 634.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 149.58 634.10 Td (Depending ) Tj ET Q q 0 0 0 rg BT 196.33 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 209.20 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.28 634.10 Td (size ) Tj ET Q q 0 0 0 rg BT 242.70 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.90 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.99 634.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 294.62 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.93 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.02 634.10 Td (other ) Tj ET Q q 0 0 0 rg BT 350.43 634.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 390.52 634.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 424.21 634.10 Td (we ) Tj ET Q q 0 0 0 rg BT 438.74 634.10 Td (may ) Tj ET Q q 0 0 0 rg BT 458.82 634.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.47 634.10 Td (be ) Tj ET Q q 0 0 0 rg BT 486.78 634.10 Td (able ) Tj ET Q q 0 0 0 rg BT 506.31 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.96 634.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 549.80 634.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 99.13 622.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 131.59 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.38 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.07 622.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 179.25 622.10 Td (If ) Tj ET Q q 0 0 0 rg BT 188.37 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.05 622.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 228.28 622.10 Td (does ) Tj ET Q q 0 0 0 rg BT 249.08 622.10 Td (not ) Tj ET Q q 0 0 0 rg BT 264.32 622.10 Td (include ) Tj ET Q q 0 0 0 rg BT 296.22 622.10 Td (suf) Tj ET Q q 0 0 0 rg BT 308.26 622.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 336.27 622.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 362.06 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.31 622.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 396.98 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.66 622.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 460.79 622.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 501.57 622.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 524.59 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.83 622.10 Td (full, ) Tj ET Q q 0 0 0 rg BT 553.68 622.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.10 610.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 90.75 610.10 Td (allocates ) Tj ET Q q 0 0 0 rg BT 128.62 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 140.95 610.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 167.16 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.83 610.10 Td (other ) Tj ET Q q 0 0 0 rg BT 201.26 610.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 243.86 610.10 Td (we ) Tj ET Q q 0 0 0 rg BT 258.40 610.10 Td (will ) Tj ET Q q 0 0 0 rg BT 276.85 610.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 297.49 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.60 610.10 Td (unsatisfied ) Tj ET Q q 0 0 0 rg BT 358.81 610.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 390.58 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.79 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 419.67 610.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 460.88 610.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 484.31 610.10 Td (as ) Tj ET Q q 0 0 0 rg BT 495.52 610.10 Td (char) Tj ET Q q 0 0 0 rg BT 512.55 610.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 529.87 610.10 Td (of) Tj ET Q q 0 0 0 rg BT 538.02 610.10 Td (f ) Tj ET Q q 0 0 0 rg BT 544.24 610.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (zero ) Tj ET Q q 0 0 0 rg BT 70.16 598.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 97.26 598.10 Td (In ) Tj ET Q q 0 0 0 rg BT 108.54 598.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 146.76 598.10 Td (if ) Tj ET Q q 0 0 0 rg BT 155.82 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.21 598.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 202.81 598.10 Td (dies ) Tj ET Q q 0 0 0 rg BT 221.87 598.10 Td (near ) Tj ET Q q 0 0 0 rg BT 242.02 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.19 598.10 Td (end ) Tj ET Q q 0 0 0 rg BT 274.58 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.85 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.02 598.10 Td (term ) Tj ET Q q 0 0 0 rg BT 322.29 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.57 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.96 598.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 382.23 598.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 405.73 598.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 436.45 598.10 Td (through ) Tj ET Q q 0 0 0 rg BT 470.50 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.67 598.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 508.06 598.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 546.83 598.10 Td (it ) Tj ET Q q 0 0 0 rg BT 555.34 598.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 85.42 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 103.05 586.10 Td (any ) Tj ET Q q 0 0 0 rg BT 120.14 586.10 Td (further ) Tj ET Q q 0 0 0 rg BT 149.99 586.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 190.95 586.10 Td (will ) Tj ET Q q 0 0 0 rg BT 209.15 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 221.24 586.10 Td (made ) Tj ET Q q 0 0 0 rg BT 245.53 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 258.18 586.10 Td (any ) Tj ET Q q 0 0 0 rg BT 275.26 586.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 301.23 586.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 361.08 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.50 586.10 Td (such ) Tj ET Q q 0 0 0 rg BT 392.48 586.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 433.44 586.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 459.13 586.10 Td (because ) Tj ET Q q 0 0 0 rg BT 493.42 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.28 586.10 Td (time ) Tj ET Q q 0 0 0 rg BT 528.69 586.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 574.10 Td (probate ) Tj ET Q q 0 0 0 rg BT 111.36 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.19 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.91 574.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 162.17 574.10 Td (may ) Tj ET Q q 0 0 0 rg BT 181.89 574.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 211.04 574.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 242.98 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.70 574.10 Td (final ) Tj ET Q q 0 0 0 rg BT 278.53 574.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 314.91 574.10 Td (date ) Tj ET Q q 0 0 0 rg BT 334.06 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.89 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.61 574.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 385.44 574.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 445.15 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.42 574.10 Td (such ) Tj ET Q q 0 0 0 rg BT 476.25 574.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 517.08 574.10 Td (Loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 544.10 Td (When ) Tj ET Q q 0 0 0 rg BT 111.22 544.10 Td (we ) Tj ET Q q 0 0 0 rg BT 124.23 544.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 154.44 544.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 180.22 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.90 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.69 544.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 233.69 544.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 280.02 544.10 Td (filing, ) Tj ET Q q 0 0 0 rg BT 305.53 544.10 Td (we ) Tj ET Q q 0 0 0 rg BT 318.54 544.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 341.53 544.10 Td (all ) Tj ET Q q 0 0 0 rg BT 352.88 544.10 Td (automatic ) Tj ET Q q 0 0 0 rg BT 393.65 544.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 428.33 544.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 468.01 544.10 Td (on ) Tj ET Q q 0 0 0 rg BT 479.35 544.10 Td (any ) Tj ET Q q 0 0 0 rg BT 495.14 544.10 Td (related ) Tj ET Q q 0 0 0 rg BT 523.69 544.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 73.22 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.33 532.10 Td (defers ) Tj ET Q q 0 0 0 rg BT 117.42 532.10 Td (any ) Tj ET Q q 0 0 0 rg BT 134.53 532.10 Td (other ) Tj ET Q q 0 0 0 rg BT 157.75 532.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 199.85 532.10 Td (activity) Tj ET Q q 0 0 0 rg BT 229.19 532.10 Td (, ) Tj ET Q q 0 0 0 rg BT 234.36 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 245.36 532.10 Td (required ) Tj ET Q q 0 0 0 rg BT 281.34 532.10 Td (by ) Tj ET Q q 0 0 0 rg BT 294.01 532.10 Td (law) Tj ET Q q 0 0 0 rg BT 307.80 532.10 Td (. ) Tj ET Q q 0 0 0 rg BT 312.78 532.10 Td (The ) Tj ET Q q 0 0 0 rg BT 331.00 532.10 Td (status ) Tj ET Q q 0 0 0 rg BT 356.44 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.44 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.33 532.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 423.32 532.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 449.04 532.10 Td (which ) Tj ET Q q 0 0 0 rg BT 476.15 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.03 532.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 525.91 532.10 Td (investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.47 520.10 Td (view ) Tj ET Q q 0 0 0 rg BT 91.16 520.10 Td (through ) Tj ET Q q 0 0 0 rg BT 124.52 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.98 520.10 Td (website, ) Tj ET Q q 0 0 0 rg BT 174.28 520.10 Td (switches ) Tj ET Q q 0 0 0 rg BT 210.97 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.00 520.10 Td ("bankruptcy) Tj ET Q q 0 0 0 rg BT 269.42 520.10 Td (." ) Tj ET Q q 0 0 0 rg BT 278.09 520.10 Td (W) Tj ET Q q 0 0 0 rg BT 286.73 520.10 Td (e ) Tj ET Q q 0 0 0 rg BT 293.42 520.10 Td (then ) Tj ET Q q 0 0 0 rg BT 312.88 520.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 355.12 520.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 389.57 520.10 Td (we ) Tj ET Q q 0 0 0 rg BT 403.48 520.10 Td (have ) Tj ET Q q 0 0 0 rg BT 424.61 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 431.30 520.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 453.55 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.58 520.10 Td (object ) Tj ET Q q 0 0 0 rg BT 490.27 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.30 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.76 520.10 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 553.68 520.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.70 508.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 84.40 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.67 508.10 Td (any ) Tj ET Q q 0 0 0 rg BT 111.59 508.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 159.06 508.10 Td (action ) Tj ET Q q 0 0 0 rg BT 185.98 508.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.31 508.10 Td (e.g.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.74 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 208.73 508.10 Td (based ) Tj ET Q q 0 0 0 rg BT 233.98 508.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.47 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.17 508.10 Td (time ) Tj ET Q q 0 0 0 rg BT 281.42 508.10 Td (between ) Tj ET Q q 0 0 0 rg BT 317.22 508.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 336.93 508.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 383.29 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.21 508.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 447.68 508.10 Td (filing\). ) Tj ET Q q 0 0 0 rg BT 477.66 508.10 Td (If ) Tj ET Q q 0 0 0 rg BT 486.81 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.51 508.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 548.42 508.10 Td (is ) Tj ET Q q 0 0 0 rg BT 557.57 508.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (Chapter ) Tj ET Q q 0 0 0 rg BT 84.38 496.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 92.10 496.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 139.81 496.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 164.20 496.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 197.48 496.10 Td (liquidation, ) Tj ET Q q 0 0 0 rg BT 246.03 496.10 Td (we ) Tj ET Q q 0 0 0 rg BT 260.42 496.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 293.13 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.63 496.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 346.34 496.10 Td (if ) Tj ET Q q 0 0 0 rg BT 355.17 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.11 496.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 417.26 496.10 Td (is ) Tj ET Q q 0 0 0 rg BT 426.66 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.82 496.10 Td ("no ) Tj ET Q q 0 0 0 rg BT 450.63 496.10 Td (asset" ) Tj ET Q q 0 0 0 rg BT 476.87 496.10 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 526.52 496.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.01 496.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (instructions ) Tj ET Q q 0 0 0 rg BT 99.75 484.10 Td (we ) Tj ET Q q 0 0 0 rg BT 114.50 484.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 146.46 484.10 Td (from ) Tj ET Q q 0 0 0 rg BT 168.99 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.29 484.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 232.37 484.10 Td (court. ) Tj ET Q q 0 0 0 rg BT 258.50 484.10 Td (If ) Tj ET Q q 0 0 0 rg BT 268.25 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.56 484.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 331.07 484.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.83 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 348.36 484.10 Td ("no ) Tj ET Q q 0 0 0 rg BT 365.53 484.10 Td (asset" ) Tj ET Q q 0 0 0 rg BT 392.14 484.10 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 442.16 484.10 Td (we ) Tj ET Q q 0 0 0 rg BT 456.91 484.10 Td (take ) Tj ET Q q 0 0 0 rg BT 476.65 484.10 Td (no ) Tj ET Q q 0 0 0 rg BT 489.74 484.10 Td (further ) Tj ET Q q 0 0 0 rg BT 520.04 484.10 Td (action ) Tj ET Q q 0 0 0 rg BT 547.56 484.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (assume ) Tj ET Q q 0 0 0 rg BT 81.94 472.10 Td (that ) Tj ET Q q 0 0 0 rg BT 99.43 472.10 Td (no ) Tj ET Q q 0 0 0 rg BT 111.93 472.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 149.41 472.10 Td (will ) Tj ET Q q 0 0 0 rg BT 167.47 472.10 Td (be ) Tj ET Q q 0 0 0 rg BT 179.40 472.10 Td (made ) Tj ET Q q 0 0 0 rg BT 203.56 472.10 Td (on ) Tj ET Q q 0 0 0 rg BT 216.06 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.78 472.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 271.60 472.10 Td (Loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.18 442.10 Td (all ) Tj ET Q q 0 0 0 rg BT 110.02 442.10 Td (other ) Tj ET Q q 0 0 0 rg BT 133.41 442.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 159.85 442.10 Td (we ) Tj ET Q q 0 0 0 rg BT 174.36 442.10 Td (file ) Tj ET Q q 0 0 0 rg BT 190.53 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.81 442.10 Td (proof ) Tj ET Q q 0 0 0 rg BT 222.32 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.50 442.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 258.55 442.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 299.73 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.80 442.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 350.90 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 356.04 442.10 Td (The ) Tj ET Q q 0 0 0 rg BT 374.43 442.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 410.60 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.22 442.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 450.73 442.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 493.56 442.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 517.50 442.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 549.79 442.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (proof ) Tj ET Q q 0 0 0 rg BT 74.74 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.15 430.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 111.44 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.30 430.10 Td (any ) Tj ET Q q 0 0 0 rg BT 139.82 430.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 173.99 430.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 202.62 430.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 244.03 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 251.55 430.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 291.28 430.10 Td (will ) Tj ET Q q 0 0 0 rg BT 309.92 430.10 Td (be ) Tj ET Q q 0 0 0 rg BT 322.43 430.10 Td (entirely ) Tj ET Q q 0 0 0 rg BT 356.06 430.10 Td (within ) Tj ET Q q 0 0 0 rg BT 384.69 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 401.10 430.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 443.62 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.14 430.10 Td (will ) Tj ET Q q 0 0 0 rg BT 479.77 430.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 511.73 430.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 534.81 430.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 79.71 418.10 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 385.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 385.10 Td (if ) Tj ET Q q 0 0 0 rg BT 121.05 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.21 385.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 173.81 385.10 Td (used ) Tj ET Q q 0 0 0 rg BT 194.08 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.24 385.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 245.72 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.99 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.15 385.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 310.42 385.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 332.91 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.63 385.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.01 385.10 Td (way ) Tj ET Q q 0 0 0 rg BT 367.61 385.10 Td (other ) Tj ET Q q 0 0 0 rg BT 390.10 385.10 Td (than ) Tj ET Q q 0 0 0 rg BT 409.26 385.10 Td (that ) Tj ET Q q 0 0 0 rg BT 426.20 385.10 Td (which ) Tj ET Q q 0 0 0 rg BT 452.58 385.10 Td (was ) Tj ET Q q 0 0 0 rg BT 470.08 385.10 Td (described ) Tj ET Q q 0 0 0 rg BT 510.34 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.06 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.22 385.10 Td (listing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 367.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 367.10 Td (if ) Tj ET Q q 0 0 0 rg BT 121.62 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.35 367.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 183.85 367.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.04 367.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.99 367.10 Td (Chapter ) Tj ET Q q 0 0 0 rg BT 234.16 367.10 Td (13 ) Tj ET Q q 0 0 0 rg BT 246.67 367.10 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 296.11 367.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 330.83 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.56 367.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 392.50 367.10 Td (was ) Tj ET Q q 0 0 0 rg BT 410.56 367.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 431.40 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.69 367.10 Td (good ) Tj ET Q q 0 0 0 rg BT 464.21 367.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 485.04 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.00 367.10 Td (if ) Tj ET Q q 0 0 0 rg BT 510.62 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.35 367.10 Td (proposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 355.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 132.72 355.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 164.64 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.58 355.10 Td ("best ) Tj ET Q q 0 0 0 rg BT 194.27 355.10 Td (ef) Tj ET Q q 0 0 0 rg BT 201.86 355.10 Td (fort" ) Tj ET Q q 0 0 0 rg BT 222.88 355.10 Td (on ) Tj ET Q q 0 0 0 rg BT 235.38 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.09 355.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 294.94 355.10 Td (behalf; ) Tj ET Q q 0 0 0 rg BT 325.20 355.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 337.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 337.10 Td (our ) Tj ET Q q 0 0 0 rg BT 128.83 337.10 Td (view ) Tj ET Q q 0 0 0 rg BT 150.77 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.60 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.32 337.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 198.82 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.75 337.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 249.91 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.19 337.10 Td (us ) Tj ET Q q 0 0 0 rg BT 271.58 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.41 337.10 Td (any ) Tj ET Q q 0 0 0 rg BT 299.35 337.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 338.51 337.10 Td (action.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 70.28 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.11 304.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 123.06 304.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 151.12 304.10 Td (Purchased ) Tj ET Q q 0 0 0 rg BT 197.51 304.10 Td (through ) Tj ET Q q 0 0 0 rg BT 233.19 304.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 262.36 304.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 286.53 304.10 Td (Channel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 274.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 124.37 274.10 Td (who ) Tj ET Q q 0 0 0 rg BT 143.30 274.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 187.21 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.70 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.50 274.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 238.87 274.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 261.13 274.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 296.16 274.10 Td (may ) Tj ET Q q 0 0 0 rg BT 315.09 274.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 347.34 274.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 390.71 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.75 274.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 440.78 274.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 466.93 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.42 274.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 525.90 274.10 Td (investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.21 262.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 88.86 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.29 262.10 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 144.39 262.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 198.80 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.34 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.61 262.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 252.48 262.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 275.24 262.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 313.28 262.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 343.82 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.81 262.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 383.23 262.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 409.88 262.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 464.29 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.94 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 496.49 262.10 Td (right ) Tj ET Q q 0 0 0 rg BT 517.59 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.58 262.10 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 89.16 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.87 250.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 149.68 250.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 190.50 250.10 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 220.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.77 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.42 220.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 142.17 220.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 168.49 220.10 Td (March ) Tj ET Q q 0 0 0 rg BT 197.02 220.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 211.96 220.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 236.89 220.10 Td (our ) Tj ET Q q 0 0 0 rg BT 252.66 220.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 303.95 220.10 Td (facilitated ) Tj ET Q q 0 0 0 rg BT 346.37 220.10 Td ($978 ) Tj ET Q q 0 0 0 rg BT 368.80 220.10 Td (million ) Tj ET Q q 0 0 0 rg BT 400.13 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.35 220.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 451.10 220.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 474.09 220.10 Td (originations, ) Tj ET Q q 0 0 0 rg BT 526.80 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.56 220.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td ($923 ) Tj ET Q q 0 0 0 rg BT 72.15 208.10 Td (million ) Tj ET Q q 0 0 0 rg BT 103.18 208.10 Td (were ) Tj ET Q q 0 0 0 rg BT 124.76 208.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 167.44 208.10 Td (through ) Tj ET Q q 0 0 0 rg BT 200.70 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.90 208.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 243.70 208.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 266.39 208.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 304.36 208.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 355.93 208.10 Td (94% ) Tj ET Q q 0 0 0 rg BT 376.41 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.88 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.25 208.10 Td (total ) Tj ET Q q 0 0 0 rg BT 421.16 208.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 461.63 208.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 488.21 208.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 530.90 208.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.96 196.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 115.45 196.10 Td (during ) Tj ET Q q 0 0 0 rg BT 143.19 196.10 Td (this ) Tj ET Q q 0 0 0 rg BT 159.27 196.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 188.95 196.10 Td (During ) Tj ET Q q 0 0 0 rg BT 218.91 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.75 196.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 262.70 196.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.21 196.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 330.94 196.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.94 196.10 Td (, ) Tj ET Q q 0 0 0 rg BT 355.07 196.10 Td (our ) Tj ET Q q 0 0 0 rg BT 370.03 196.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 420.52 196.10 Td (facilitated ) Tj ET Q q 0 0 0 rg BT 462.12 196.10 Td ($586 ) Tj ET Q q 0 0 0 rg BT 483.75 196.10 Td (million ) Tj ET Q q 0 0 0 rg BT 514.28 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.69 196.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 72.87 184.10 Td (originations, ) Tj ET Q q 0 0 0 rg BT 125.46 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.11 184.10 Td (which ) Tj ET Q q 0 0 0 rg BT 162.87 184.10 Td ($529 ) Tj ET Q q 0 0 0 rg BT 185.19 184.10 Td (million ) Tj ET Q q 0 0 0 rg BT 216.40 184.10 Td (were ) Tj ET Q q 0 0 0 rg BT 238.14 184.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 268.23 184.10 Td (through ) Tj ET Q q 0 0 0 rg BT 301.66 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.03 184.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 345.00 184.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 367.87 184.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 406.01 184.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 457.76 184.10 Td (90% ) Tj ET Q q 0 0 0 rg BT 478.41 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.06 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.59 184.10 Td (total ) Tj ET Q q 0 0 0 rg BT 523.69 184.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.94 172.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 119.98 172.10 Td (through ) Tj ET Q q 0 0 0 rg BT 153.59 172.10 Td (our ) Tj ET Q q 0 0 0 rg BT 169.42 172.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 220.78 172.10 Td (during ) Tj ET Q q 0 0 0 rg BT 249.38 172.10 Td (this ) Tj ET Q q 0 0 0 rg BT 266.33 172.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 142.10 Td (From ) Tj ET Q q 0 0 0 rg BT 109.47 142.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 148.48 142.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.38 142.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 224.28 142.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.28 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.57 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 263.70 142.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 314.35 142.10 Td (facilitated ) Tj ET Q q 0 0 0 rg BT 356.13 142.10 Td ($8.9 ) Tj ET Q q 0 0 0 rg BT 375.42 142.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 403.33 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.91 142.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 453.03 142.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 475.37 142.10 Td (originations, ) Tj ET Q q 0 0 0 rg BT 527.44 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.57 142.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td ($7.6 ) Tj ET Q q 0 0 0 rg BT 69.79 130.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 98.19 130.10 Td (were ) Tj ET Q q 0 0 0 rg BT 119.91 130.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 149.97 130.10 Td (through ) Tj ET Q q 0 0 0 rg BT 183.36 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.70 130.10 Td (Whole ) Tj ET Q q 0 0 0 rg BT 226.65 130.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 249.48 130.10 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 287.60 130.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 339.31 130.10 Td (86% ) Tj ET Q q 0 0 0 rg BT 359.93 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.55 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.06 130.10 Td (total ) Tj ET Q q 0 0 0 rg BT 405.12 130.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 445.73 130.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 472.46 130.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 515.29 130.10 Td (through ) Tj ET Q q 0 0 0 rg BT 548.68 130.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 101.36 118.10 Td (during ) Tj ET Q q 0 0 0 rg BT 129.97 118.10 Td (this ) Tj ET Q q 0 0 0 rg BT 146.91 118.10 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.60 91.10 Td (SUMMAR) Tj ET Q q 0 0 0 rg BT 112.35 91.10 Td (Y) Tj ET Q q 0 0 0 rg BT 119.20 91.10 Td ( OF) Tj ET Q q 0 0 0 rg BT 135.22 91.10 Td ( INDENTURE, FORM OF) Tj ET Q q 0 0 0 rg BT 249.29 91.10 Td ( NOTES, PMI MANAGEMENT) Tj ET Q q 0 0 0 rg BT 388.00 91.10 Td ( RIGHTS ) Tj ET Q q 0 0 0 rg BT 431.35 91.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 454.96 91.10 Td (ADMINISTRA) Tj ET Q q 0 0 0 rg BT 519.78 91.10 Td (TION ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.30 79.10 Td (AGREEMENT) Tj ET Q endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Indentur) Tj ET Q q 0 0 0 rg BT 88.16 742.25 Td (e ) Tj ET Q q 0 0 0 rg BT 95.10 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.73 742.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 140.10 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.93 742.25 Td (Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (On ) Tj ET Q q 0 0 0 rg BT 101.34 712.25 Td (January ) Tj ET Q q 0 0 0 rg BT 135.55 712.25 Td (22, ) Tj ET Q q 0 0 0 rg BT 151.17 712.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 176.79 712.25 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 199.64 712.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 220.54 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.86 712.25 Td (W) Tj ET Q q 0 0 0 rg BT 246.50 712.25 Td (ells ) Tj ET Q q 0 0 0 rg BT 263.51 712.25 Td (Far) Tj ET Q q 0 0 0 rg BT 276.66 712.25 Td (go ) Tj ET Q q 0 0 0 rg BT 289.77 712.25 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 316.50 712.25 Td (National ) Tj ET Q q 0 0 0 rg BT 353.36 712.25 Td (Association, ) Tj ET Q q 0 0 0 rg BT 406.19 712.25 Td (as ) Tj ET Q q 0 0 0 rg BT 417.64 712.25 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 449.91 712.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 482.45 712.25 Td (into ) Tj ET Q q 0 0 0 rg BT 501.13 712.25 Td (a ) Tj ET Q q 0 0 0 rg BT 508.68 712.25 Td (supplemental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 90.18 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.37 700.25 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 126.26 700.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 160.34 700.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 200.52 700.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 237.37 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 247.57 700.25 Td (which, ) Tj ET Q q 0 0 0 rg BT 276.92 700.25 Td (ef) Tj ET Q q 0 0 0 rg BT 284.51 700.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 314.12 700.25 Td (February ) Tj ET Q q 0 0 0 rg BT 352.64 700.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 362.55 700.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 384.97 700.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 396.82 700.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 413.68 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.09 700.25 Td (succeeded ) Tj ET Q q 0 0 0 rg BT 459.59 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.79 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.64 700.25 Td (was ) Tj ET Q q 0 0 0 rg BT 504.60 700.25 Td (substituted ) Tj ET Q q 0 0 0 rg BT 550.35 700.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 72.56 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.28 688.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 109.34 688.25 Td (was ) Tj ET Q q 0 0 0 rg BT 127.17 688.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 155.86 688.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 172.58 688.25 Td (from ) Tj ET Q q 0 0 0 rg BT 194.30 688.25 Td (all ) Tj ET Q q 0 0 0 rg BT 206.57 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.18 688.25 Td (its ) Tj ET Q q 0 0 0 rg BT 228.90 688.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 278.13 688.25 Td (under ) Tj ET Q q 0 0 0 rg BT 303.17 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.67 688.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 357.71 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.42 688.25 Td (under ) Tj ET Q q 0 0 0 rg BT 399.47 688.25 Td (all ) Tj ET Q q 0 0 0 rg BT 411.74 688.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 435.13 688.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 479.62 688.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 506.90 688.25 Td (by ) Tj ET Q q 0 0 0 rg BT 519.18 688.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 539.24 688.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.63 676.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 102.81 676.25 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 152.14 676.25 Td (, ) Tj ET Q q 0 0 0 rg BT 156.05 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.68 676.25 Td ("PMI ) Tj ET Q q 0 0 0 rg BT 192.96 676.25 Td (Notes"\), ) Tj ET Q q 0 0 0 rg BT 227.62 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.47 676.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 257.11 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.74 676.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 309.92 676.25 Td (was ) Tj ET Q q 0 0 0 rg BT 326.88 676.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 364.39 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.25 676.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 412.75 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.95 676.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 448.90 676.25 Td (such ) Tj ET Q q 0 0 0 rg BT 468.64 676.25 Td (succession, ) Tj ET Q q 0 0 0 rg BT 515.32 676.25 Td (substitution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.03 664.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 94.73 664.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 105.76 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.80 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.17 664.25 Td (make ) Tj ET Q q 0 0 0 rg BT 154.42 664.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 183.22 664.25 Td (other ) Tj ET Q q 0 0 0 rg BT 205.36 664.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 257.50 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.88 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.69 664.25 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 322.55 664.25 Td (See ) Tj ET Q q 0 0 0 rg BT 338.58 664.25 Td ("T) Tj ET Q q 0 0 0 rg BT 348.42 664.25 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 395.00 664.25 Td (with ) Tj ET Q q 0 0 0 rg BT 414.38 664.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 446.51 664.25 Td (Parties" ) Tj ET Q q 0 0 0 rg BT 479.41 664.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.66 664.25 Td (more ) Tj ET Q q 0 0 0 rg BT 514.81 664.25 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (about ) Tj ET Q q 0 0 0 rg BT 74.10 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.21 652.25 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 143.42 652.25 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 185.57 652.25 Td (On ) Tj ET Q q 0 0 0 rg BT 199.68 652.25 Td (November ) Tj ET Q q 0 0 0 rg BT 243.77 652.25 Td (12, ) Tj ET Q q 0 0 0 rg BT 258.16 652.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 282.54 652.25 Td (CSC ) Tj ET Q q 0 0 0 rg BT 303.20 652.25 Td (T) Tj ET Q q 0 0 0 rg BT 308.95 652.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 325.84 652.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.61 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.83 652.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 417.02 652.25 Td (replaced ) Tj ET Q q 0 0 0 rg BT 452.64 652.25 Td (W) Tj ET Q q 0 0 0 rg BT 461.28 652.25 Td (ells ) Tj ET Q q 0 0 0 rg BT 477.05 652.25 Td (Far) Tj ET Q q 0 0 0 rg BT 490.20 652.25 Td (go ) Tj ET Q q 0 0 0 rg BT 502.09 652.25 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 527.58 652.25 Td (National ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (Association ) Tj ET Q q 0 0 0 rg BT 99.72 640.25 Td (as ) Tj ET Q q 0 0 0 rg BT 110.55 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.27 640.25 Td (trustee ) Tj ET Q q 0 0 0 rg BT 154.42 640.25 Td (under ) Tj ET Q q 0 0 0 rg BT 179.69 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.41 640.25 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 237.18 640.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 254.04 640.25 Td ( ) Tj ET Q q 0 0 0 rg BT 256.54 640.25 Td (has ) Tj ET Q q 0 0 0 rg BT 272.37 640.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 293.20 640.25 Td (a ) Tj ET Q q 0 0 0 rg BT 300.14 640.25 Td (copy ) Tj ET Q q 0 0 0 rg BT 322.08 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.91 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.63 640.25 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 403.45 640.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 443.71 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.65 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.37 640.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 513.97 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 530.91 640.25 Td (restated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 90.21 628.25 Td (\(which ) Tj ET Q q 0 0 0 rg BT 120.42 628.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 156.19 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.85 628.25 Td (form ) Tj ET Q q 0 0 0 rg BT 192.73 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.50 628.25 Td (Note\) ) Tj ET Q q 0 0 0 rg BT 228.71 628.25 Td (as ) Tj ET Q q 0 0 0 rg BT 239.48 628.25 Td (an ) Tj ET Q q 0 0 0 rg BT 251.37 628.25 Td (exhibit ) Tj ET Q q 0 0 0 rg BT 281.58 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 291.80 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.46 628.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 354.45 628.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 395.21 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.98 628.25 Td (which ) Tj ET Q q 0 0 0 rg BT 432.87 628.25 Td (this ) Tj ET Q q 0 0 0 rg BT 449.76 628.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 494.97 628.25 Td (forms ) Tj ET Q q 0 0 0 rg BT 520.74 628.25 Td (a ) Tj ET Q q 0 0 0 rg BT 527.62 628.25 Td (part. ) Tj ET Q q 0 0 0 rg BT 548.11 628.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 88.13 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.04 616.25 Td (this ) Tj ET Q q 0 0 0 rg BT 116.07 616.25 Td (section, ) Tj ET Q q 0 0 0 rg BT 149.47 616.25 Td (we ) Tj ET Q q 0 0 0 rg BT 163.71 616.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 185.16 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.52 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.31 616.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 230.68 616.25 Td (indenture, ) Tj ET Q q 0 0 0 rg BT 273.52 616.25 Td (as ) Tj ET Q q 0 0 0 rg BT 284.43 616.25 Td (amended, ) Tj ET Q q 0 0 0 rg BT 325.60 616.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 359.28 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.29 616.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 413.31 616.25 Td (by ) Tj ET Q q 0 0 0 rg BT 425.89 616.25 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 448.20 616.25 Td (as ) Tj ET Q q 0 0 0 rg BT 459.11 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.91 616.25 Td ("indenture" ) Tj ET Q q 0 0 0 rg BT 522.42 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 539.44 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 616.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (form ) Tj ET Q q 0 0 0 rg BT 71.78 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 82.45 604.25 Td (note ) Tj ET Q q 0 0 0 rg BT 102.01 604.25 Td (attached ) Tj ET Q q 0 0 0 rg BT 137.66 604.25 Td (thereto ) Tj ET Q q 0 0 0 rg BT 167.77 604.25 Td (as ) Tj ET Q q 0 0 0 rg BT 178.44 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.00 604.25 Td ("form ) Tj ET Q q 0 0 0 rg BT 218.86 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.53 604.25 Td (Note." ) Tj ET Q q 0 0 0 rg BT 257.72 604.25 Td (The ) Tj ET Q q 0 0 0 rg BT 275.61 604.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 315.71 604.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 351.38 604.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 395.39 604.25 Td (that ) Tj ET Q q 0 0 0 rg BT 412.73 604.25 Td (define ) Tj ET Q q 0 0 0 rg BT 440.06 604.25 Td (your ) Tj ET Q q 0 0 0 rg BT 460.73 604.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 485.85 604.25 Td (under ) Tj ET Q q 0 0 0 rg BT 510.96 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.51 604.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 553.69 604.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 87.15 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.23 592.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 140.87 592.25 Td (governs ) Tj ET Q q 0 0 0 rg BT 174.40 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.49 592.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 234.80 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.01 592.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 261.87 592.25 Td ( ) Tj ET Q q 0 0 0 rg BT 263.74 592.25 Td (under ) Tj ET Q q 0 0 0 rg BT 288.38 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.47 592.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 330.03 592.25 Td (The ) Tj ET Q q 0 0 0 rg BT 347.45 592.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 371.54 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.74 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.83 592.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 421.03 592.25 Td (include ) Tj ET Q q 0 0 0 rg BT 452.34 592.25 Td (those ) Tj ET Q q 0 0 0 rg BT 475.32 592.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 500.51 592.25 Td (in ) Tj ET Q q 0 0 0 rg BT 510.16 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.25 592.25 Td (indenture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 93.60 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.32 580.25 Td (form ) Tj ET Q q 0 0 0 rg BT 130.26 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.09 580.25 Td (Note\) ) Tj ET Q q 0 0 0 rg BT 166.36 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.30 580.25 Td (those ) Tj ET Q q 0 0 0 rg BT 206.90 580.25 Td (made ) Tj ET Q q 0 0 0 rg BT 231.06 580.25 Td (part ) Tj ET Q q 0 0 0 rg BT 249.11 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.94 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.65 580.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 314.92 580.25 Td (by ) Tj ET Q q 0 0 0 rg BT 327.42 580.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 367.10 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.38 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.91 580.25 Td (T) Tj ET Q q 0 0 0 rg BT 397.67 580.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 415.17 580.25 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 455.43 580.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 472.37 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.20 580.25 Td (1939.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 520.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 111.32 520.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 152.03 520.25 Td (Payment ) Tj ET Q q 0 0 0 rg BT 189.42 520.25 Td (Dependent ) Tj ET Q q 0 0 0 rg BT 235.13 520.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 260.86 520.25 Td (or ) Tj ET Q q 0 0 0 rg BT 271.58 520.25 Td ("Notes" ) Tj ET Q q 0 0 0 rg BT 305.47 520.25 Td (will ) Tj ET Q q 0 0 0 rg BT 323.42 520.25 Td (be ) Tj ET Q q 0 0 0 rg BT 335.25 520.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 362.65 520.25 Td (in ) Tj ET Q q 0 0 0 rg BT 372.82 520.25 Td (series ) Tj ET Q q 0 0 0 rg BT 397.98 520.25 Td (under ) Tj ET Q q 0 0 0 rg BT 423.14 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.75 520.25 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 480.41 520.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 502.79 520.25 Td (series ) Tj ET Q q 0 0 0 rg BT 527.95 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.68 520.25 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (will ) Tj ET Q q 0 0 0 rg BT 67.06 508.25 Td (correspond ) Tj ET Q q 0 0 0 rg BT 112.99 508.25 Td (to ) Tj ET Q q 0 0 0 rg BT 122.27 508.25 Td (one ) Tj ET Q q 0 0 0 rg BT 138.21 508.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 178.03 508.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 202.58 508.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 224.06 508.25 Td (series ) Tj ET Q q 0 0 0 rg BT 248.33 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.17 508.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 283.00 508.25 Td (are ) Tj ET Q q 0 0 0 rg BT 296.71 508.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 339.30 508.25 Td (for ) Tj ET Q q 0 0 0 rg BT 352.46 508.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 388.40 508.25 Td (on ) Tj ET Q q 0 0 0 rg BT 399.90 508.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 439.73 508.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 456.59 508.25 Td ( ) Tj ET Q q 0 0 0 rg BT 458.09 508.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 492.34 508.25 Td (on ) Tj ET Q q 0 0 0 rg BT 503.85 508.25 Td (such ) Tj ET Q q 0 0 0 rg BT 523.68 508.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (Loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.25 Td (All ) Tj ET Q q 0 0 0 rg BT 100.82 466.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 126.20 466.25 Td (will ) Tj ET Q q 0 0 0 rg BT 143.80 466.25 Td (be ) Tj ET Q q 0 0 0 rg BT 155.29 466.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 175.12 466.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 200.49 466.25 Td (denominated, ) Tj ET Q q 0 0 0 rg BT 256.68 466.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 277.62 466.25 Td (amortizing ) Tj ET Q q 0 0 0 rg BT 322.98 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.47 466.25 Td (have ) Tj ET Q q 0 0 0 rg BT 360.39 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 366.87 466.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 389.47 466.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 406.50 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.87 466.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 450.71 466.25 Td (The ) Tj ET Q q 0 0 0 rg BT 468.30 466.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 493.67 466.25 Td (will ) Tj ET Q q 0 0 0 rg BT 511.28 466.25 Td (have ) Tj ET Q q 0 0 0 rg BT 532.20 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 538.68 466.25 Td (stated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.32 454.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 98.20 454.25 Td (that ) Tj ET Q q 0 0 0 rg BT 115.08 454.25 Td (is ) Tj ET Q q 0 0 0 rg BT 123.64 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.74 454.25 Td (same ) Tj ET Q q 0 0 0 rg BT 160.18 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 170.40 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.50 454.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 206.39 454.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 251.58 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 265.13 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.23 454.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 338.33 454.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 378.54 454.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 400.97 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.30 454.25 Td (an ) Tj ET Q q 0 0 0 rg BT 428.63 454.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 469.38 454.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 494.59 454.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 532.02 454.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 73.61 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 83.35 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.53 442.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 135.03 442.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 166.98 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.27 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.45 442.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 250.62 442.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 290.90 442.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 315.90 442.25 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 384.53 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.70 442.25 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 442.04 442.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 458.90 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.86 442.25 Td (has ) Tj ET Q q 0 0 0 rg BT 476.15 442.25 Td (no ) Tj ET Q q 0 0 0 rg BT 488.11 442.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 530.62 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 540.36 442.25 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (any ) Tj ET Q q 0 0 0 rg BT 66.48 430.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 106.86 430.25 Td (on ) Tj ET Q q 0 0 0 rg BT 118.90 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.16 430.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 158.54 430.25 Td (unless, ) Tj ET Q q 0 0 0 rg BT 188.09 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.57 430.25 Td (then ) Tj ET Q q 0 0 0 rg BT 223.83 430.25 Td (only ) Tj ET Q q 0 0 0 rg BT 243.66 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.48 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.74 430.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 294.22 430.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 313.76 430.25 Td (it ) Tj ET Q q 0 0 0 rg BT 321.37 430.25 Td (has ) Tj ET Q q 0 0 0 rg BT 336.74 430.25 Td (received ) Tj ET Q q 0 0 0 rg BT 372.65 430.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 413.02 430.25 Td (on ) Tj ET Q q 0 0 0 rg BT 425.07 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.33 430.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 498.58 430.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 538.95 430.25 Td (Loan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 418.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 93.88 418.25 Td (will ) Tj ET Q q 0 0 0 rg BT 111.93 418.25 Td (also ) Tj ET Q q 0 0 0 rg BT 130.54 418.25 Td (be ) Tj ET Q q 0 0 0 rg BT 142.48 418.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 173.31 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.58 418.25 Td (full ) Tj ET Q q 0 0 0 rg BT 199.97 418.25 Td (or ) Tj ET Q q 0 0 0 rg BT 210.80 418.25 Td (partial ) Tj ET Q q 0 0 0 rg BT 238.84 418.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 288.54 418.25 Td (without ) Tj ET Q q 0 0 0 rg BT 321.60 418.25 Td (penalty) Tj ET Q q 0 0 0 rg BT 350.39 418.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 388.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.30 388.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 144.82 388.25 Td (does ) Tj ET Q q 0 0 0 rg BT 165.91 388.25 Td (not ) Tj ET Q q 0 0 0 rg BT 181.44 388.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 203.09 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.06 388.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 259.68 388.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 297.97 388.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 330.73 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.81 388.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 367.90 388.25 Td (that ) Tj ET Q q 0 0 0 rg BT 385.65 388.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 402.51 388.25 Td ( ) Tj ET Q q 0 0 0 rg BT 405.26 388.25 Td (can ) Tj ET Q q 0 0 0 rg BT 421.89 388.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 444.65 388.25 Td (under ) Tj ET Q q 0 0 0 rg BT 470.17 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.15 388.25 Td (indenture, ) Tj ET Q q 0 0 0 rg BT 528.17 388.25 Td (but ) Tj ET Q q 0 0 0 rg BT 543.70 388.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (series ) Tj ET Q q 0 0 0 rg BT 75.47 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.49 376.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 112.52 376.25 Td (is ) Tj ET Q q 0 0 0 rg BT 121.89 376.25 Td (ef) Tj ET Q q 0 0 0 rg BT 129.47 376.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 167.15 376.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 198.18 376.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.65 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.57 376.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 266.81 376.25 Td (allowable ) Tj ET Q q 0 0 0 rg BT 308.38 376.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 346.62 376.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 379.31 376.25 Td (\(currently ) Tj ET Q q 0 0 0 rg BT 421.44 376.25 Td ($35,000\) ) Tj ET Q q 0 0 0 rg BT 459.96 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.99 376.25 Td (a ) Tj ET Q q 0 0 0 rg BT 478.12 376.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 519.14 376.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 544.88 376.25 Td (If ) Tj ET Q q 0 0 0 rg BT 554.24 376.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.44 364.25 Td (future ) Tj ET Q q 0 0 0 rg BT 90.54 364.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 107.40 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.62 364.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 144.05 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.49 364.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 201.27 364.25 Td (allowable ) Tj ET Q q 0 0 0 rg BT 242.36 364.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 282.91 364.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 305.68 364.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 340.40 364.25 Td (then ) Tj ET Q q 0 0 0 rg BT 359.84 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.28 364.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 417.05 364.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 458.14 364.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 495.90 364.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 528.12 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.67 364.25 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (per ) Tj ET Q q 0 0 0 rg BT 64.52 352.25 Td (series ) Tj ET Q q 0 0 0 rg BT 89.03 352.25 Td (would ) Tj ET Q q 0 0 0 rg BT 115.78 352.25 Td (also ) Tj ET Q q 0 0 0 rg BT 133.64 352.25 Td (increase. ) Tj ET Q q 0 0 0 rg BT 170.64 352.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 187.50 352.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.25 352.25 Td (will ) Tj ET Q q 0 0 0 rg BT 206.55 352.25 Td (use ) Tj ET Q q 0 0 0 rg BT 221.63 352.25 Td (all ) Tj ET Q q 0 0 0 rg BT 233.37 352.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 270.66 352.25 Td (it ) Tj ET Q q 0 0 0 rg BT 277.96 352.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 312.47 352.25 Td (from ) Tj ET Q q 0 0 0 rg BT 333.65 352.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 354.84 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.92 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.88 352.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 403.96 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.49 352.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 450.77 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.74 352.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 523.69 352.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.94 340.25 Td (from ) Tj ET Q q 0 0 0 rg BT 98.70 340.25 Td (W) Tj ET Q q 0 0 0 rg BT 107.33 340.25 Td (ebBank.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 88.62 310.25 Td (Dates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 280.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 106.36 280.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 132.26 280.25 Td (had ) Tj ET Q q 0 0 0 rg BT 149.28 280.25 Td (a ) Tj ET Q q 0 0 0 rg BT 156.29 280.25 Td (term ) Tj ET Q q 0 0 0 rg BT 177.19 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.10 280.25 Td (one, ) Tj ET Q q 0 0 0 rg BT 207.61 280.25 Td (three ) Tj ET Q q 0 0 0 rg BT 230.17 280.25 Td (or ) Tj ET Q q 0 0 0 rg BT 241.08 280.25 Td (five ) Tj ET Q q 0 0 0 rg BT 259.20 280.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 285.38 280.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 311.28 280.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 349.95 280.25 Td (have ) Tj ET Q q 0 0 0 rg BT 371.41 280.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 396.20 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.10 280.25 Td (three ) Tj ET Q q 0 0 0 rg BT 429.66 280.25 Td (or ) Tj ET Q q 0 0 0 rg BT 440.57 280.25 Td (five ) Tj ET Q q 0 0 0 rg BT 458.69 280.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 484.87 280.25 Td (but ) Tj ET Q q 0 0 0 rg BT 500.22 280.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 517.08 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 519.66 280.25 Td (may ) Tj ET Q q 0 0 0 rg BT 539.45 280.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 280.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (future ) Tj ET Q q 0 0 0 rg BT 76.47 268.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 105.72 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.53 268.25 Td (range ) Tj ET Q q 0 0 0 rg BT 145.34 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.26 268.25 Td (available ) Tj ET Q q 0 0 0 rg BT 194.95 268.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 231.42 268.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 254.57 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.94 268.25 Td (between ) Tj ET Q q 0 0 0 rg BT 300.85 268.25 Td (three ) Tj ET Q q 0 0 0 rg BT 323.43 268.25 Td (months ) Tj ET Q q 0 0 0 rg BT 355.47 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.51 268.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 397.87 268.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 424.06 268.25 Td (If ) Tj ET Q q 0 0 0 rg BT 433.32 268.25 Td (there ) Tj ET Q q 0 0 0 rg BT 455.90 268.25 Td (are ) Tj ET Q q 0 0 0 rg BT 470.70 268.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 507.19 268.25 Td (owing ) Tj ET Q q 0 0 0 rg BT 534.78 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 545.15 268.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.01 268.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.68 256.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 89.90 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.14 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.26 256.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 173.37 256.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 213.59 256.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 236.04 256.25 Td (at ) Tj ET Q q 0 0 0 rg BT 245.17 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.29 256.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 284.52 256.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 320.31 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.54 256.25 Td (a ) Tj ET Q q 0 0 0 rg BT 336.88 256.25 Td (Note, ) Tj ET Q q 0 0 0 rg BT 360.73 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.85 256.25 Td (term ) Tj ET Q q 0 0 0 rg BT 395.08 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.31 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.43 256.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 440.78 256.25 Td (will ) Tj ET Q q 0 0 0 rg BT 458.24 256.25 Td (be ) Tj ET Q q 0 0 0 rg BT 469.58 256.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 525.91 256.25 Td (extended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.95 244.25 Td (one ) Tj ET Q q 0 0 0 rg BT 80.33 244.25 Td (year) Tj ET Q q 0 0 0 rg BT 97.14 244.25 Td (, ) Tj ET Q q 0 0 0 rg BT 102.59 244.25 Td (which ) Tj ET Q q 0 0 0 rg BT 129.98 244.25 Td (this ) Tj ET Q q 0 0 0 rg BT 147.37 244.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 193.09 244.25 Td (refers ) Tj ET Q q 0 0 0 rg BT 218.80 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.52 244.25 Td (as ) Tj ET Q q 0 0 0 rg BT 240.80 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.97 244.25 Td ("final ) Tj ET Q q 0 0 0 rg BT 281.32 244.25 Td (maturity) Tj ET Q q 0 0 0 rg BT 314.55 244.25 Td (," ) Tj ET Q q 0 0 0 rg BT 324.08 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.81 244.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 359.98 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.14 244.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 397.53 244.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 426.02 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 436.75 244.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 468.56 244.25 Td (any ) Tj ET Q q 0 0 0 rg BT 485.95 244.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 527.22 244.25 Td (that ) Tj ET Q q 0 0 0 rg BT 545.16 244.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.02 244.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 84.30 232.25 Td (during ) Tj ET Q q 0 0 0 rg BT 111.96 232.25 Td (such ) Tj ET Q q 0 0 0 rg BT 131.84 232.25 Td (period ) Tj ET Q q 0 0 0 rg BT 158.93 232.25 Td (on ) Tj ET Q q 0 0 0 rg BT 170.48 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.24 232.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 243.00 232.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 282.87 232.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 304.96 232.25 Td (after ) Tj ET Q q 0 0 0 rg BT 324.82 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.59 232.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 374.02 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.90 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.66 232.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 456.42 232.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 496.28 232.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 520.88 232.25 Td (Following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.51 220.25 Td (final ) Tj ET Q q 0 0 0 rg BT 87.12 220.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 124.29 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.91 220.25 Td (a ) Tj ET Q q 0 0 0 rg BT 143.64 220.25 Td (Note, ) Tj ET Q q 0 0 0 rg BT 168.86 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.37 220.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 213.20 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.82 220.25 Td (that ) Tj ET Q q 0 0 0 rg BT 243.11 220.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 265.83 220.25 Td (will ) Tj ET Q q 0 0 0 rg BT 284.68 220.25 Td (have ) Tj ET Q q 0 0 0 rg BT 306.84 220.25 Td (no ) Tj ET Q q 0 0 0 rg BT 320.13 220.25 Td (right ) Tj ET Q q 0 0 0 rg BT 342.31 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 353.37 220.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 385.52 220.25 Td (any ) Tj ET Q q 0 0 0 rg BT 403.25 220.25 Td (further ) Tj ET Q q 0 0 0 rg BT 433.75 220.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 475.36 220.25 Td (from ) Tj ET Q q 0 0 0 rg BT 498.09 220.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 514.95 220.25 Td ( ) Tj ET Q q 0 0 0 rg BT 518.24 220.25 Td (even ) Tj ET Q q 0 0 0 rg BT 540.40 220.25 Td (if ) Tj ET Q q 0 0 0 rg BT 549.80 220.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 88.14 208.25 Td (under ) Tj ET Q q 0 0 0 rg BT 112.40 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.11 208.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 184.81 208.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 224.62 208.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 249.15 208.25 Td (or ) Tj ET Q q 0 0 0 rg BT 258.98 208.25 Td (a ) Tj ET Q q 0 0 0 rg BT 264.90 208.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 311.38 208.25 Td (trustee ) Tj ET Q q 0 0 0 rg BT 339.53 208.25 Td (or ) Tj ET Q q 0 0 0 rg BT 349.35 208.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 373.60 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.42 208.25 Td (such ) Tj ET Q q 0 0 0 rg BT 403.24 208.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 439.49 208.25 Td (, ) Tj ET Q q 0 0 0 rg BT 443.48 208.25 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 497.19 208.25 Td (remits ) Tj ET Q q 0 0 0 rg BT 523.68 208.25 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 196.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 77.14 196.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.64 196.25 Td (or ) Tj ET Q q 0 0 0 rg BT 90.47 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.19 196.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 139.33 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.16 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.88 196.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 205.70 196.25 Td (Loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Ranking; ) Tj ET Q q 0 0 0 rg BT 91.40 166.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 127.79 166.25 Td (Interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 136.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.44 136.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 128.66 136.25 Td (will ) Tj ET Q q 0 0 0 rg BT 146.11 136.25 Td (be ) Tj ET Q q 0 0 0 rg BT 157.45 136.25 Td (special, ) Tj ET Q q 0 0 0 rg BT 189.60 136.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 219.83 136.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 266.16 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.39 136.25 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 297.88 136.25 Td (The ) Tj ET Q q 0 0 0 rg BT 315.32 136.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 340.54 136.25 Td (are ) Tj ET Q q 0 0 0 rg BT 354.64 136.25 Td (not ) Tj ET Q q 0 0 0 rg BT 369.31 136.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 415.07 136.25 Td (or ) Tj ET Q q 0 0 0 rg BT 425.29 136.25 Td (insured ) Tj ET Q q 0 0 0 rg BT 456.62 136.25 Td (by ) Tj ET Q q 0 0 0 rg BT 468.52 136.25 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 490.69 136.25 Td (any ) Tj ET Q q 0 0 0 rg BT 507.03 136.25 Td (governmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 80.94 124.25 Td (or ) Tj ET Q q 0 0 0 rg BT 91.88 124.25 Td (instrumentality ) Tj ET Q q 0 0 0 rg BT 155.05 124.25 Td (or ) Tj ET Q q 0 0 0 rg BT 166.00 124.25 Td (any ) Tj ET Q q 0 0 0 rg BT 183.06 124.25 Td (third ) Tj ET Q q 0 0 0 rg BT 204.57 124.25 Td (party) Tj ET Q q 0 0 0 rg BT 224.46 124.25 Td (. ) Tj ET Q q 0 0 0 rg BT 229.58 124.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 246.44 124.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.06 124.25 Td (will ) Tj ET Q q 0 0 0 rg BT 267.24 124.25 Td (be ) Tj ET Q q 0 0 0 rg BT 279.30 124.25 Td (obligated ) Tj ET Q q 0 0 0 rg BT 319.13 124.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.53 124.25 Td (make ) Tj ET Q q 0 0 0 rg BT 353.80 124.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 394.75 124.25 Td (on ) Tj ET Q q 0 0 0 rg BT 407.37 124.25 Td (each ) Tj ET Q q 0 0 0 rg BT 428.30 124.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 450.36 124.25 Td (in ) Tj ET Q q 0 0 0 rg BT 460.76 124.25 Td (a ) Tj ET Q q 0 0 0 rg BT 467.81 124.25 Td (series ) Tj ET Q q 0 0 0 rg BT 493.20 124.25 Td (only ) Tj ET Q q 0 0 0 rg BT 513.60 124.25 Td (if ) Tj ET Q q 0 0 0 rg BT 522.33 124.25 Td (and ) Tj ET Q q 0 0 0 rg BT 539.39 124.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 124.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 77.26 112.25 Td (that ) Tj ET Q q 0 0 0 rg BT 95.08 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.12 112.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 149.59 112.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 177.97 112.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 216.33 112.25 Td (or ) Tj ET Q q 0 0 0 rg BT 227.49 112.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 259.75 112.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 300.90 112.25 Td (on ) Tj ET Q q 0 0 0 rg BT 313.72 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.76 112.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 388.79 112.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 429.94 112.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 453.31 112.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 496.67 112.25 Td (by ) Tj ET Q q 0 0 0 rg BT 509.50 112.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 526.36 112.25 Td ( ) Tj ET Q q 0 0 0 rg BT 529.18 112.25 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 112.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 87.78 100.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.36 100.25 Td (that ) Tj ET Q q 0 0 0 rg BT 115.60 100.25 Td (series, ) Tj ET Q q 0 0 0 rg BT 143.12 100.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.80 100.25 Td (such ) Tj ET Q q 0 0 0 rg BT 180.38 100.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 220.94 100.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 243.74 100.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 284.31 100.25 Td (will ) Tj ET Q q 0 0 0 rg BT 302.11 100.25 Td (be ) Tj ET Q q 0 0 0 rg BT 313.79 100.25 Td (shared ) Tj ET Q q 0 0 0 rg BT 342.14 100.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 372.15 100.25 Td (among ) Tj ET Q q 0 0 0 rg BT 401.61 100.25 Td (all ) Tj ET Q q 0 0 0 rg BT 413.85 100.25 Td (owners ) Tj ET Q q 0 0 0 rg BT 444.98 100.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.56 100.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 481.13 100.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.71 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.17 100.25 Td (series, ) Tj ET Q q 0 0 0 rg BT 533.69 100.25 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.91 88.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 86.96 88.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 126.75 88.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 145.97 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.54 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.89 88.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 198.11 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.68 88.25 Td (char) Tj ET Q q 0 0 0 rg BT 232.71 88.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 249.17 88.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 284.50 88.25 Td (by ) Tj ET Q q 0 0 0 rg BT 297.63 88.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 314.49 88.25 Td ( ) Tj ET Q q 0 0 0 rg BT 317.62 88.25 Td (or ) Tj ET Q q 0 0 0 rg BT 329.07 88.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 349.42 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.33 88.25 Td (third ) Tj ET Q q 0 0 0 rg BT 382.34 88.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 412.13 88.25 Td (as ) Tj ET Q q 0 0 0 rg BT 423.59 88.25 Td (described ) Tj ET Q q 0 0 0 rg BT 465.03 88.25 Td (above. ) Tj ET Q q 0 0 0 rg BT 494.54 88.25 Td (In ) Tj ET Q q 0 0 0 rg BT 506.00 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.34 88.25 Td (event ) Tj ET Q q 0 0 0 rg BT 546.13 88.25 Td (of ) Tj ET Q q 0 0 0 rg BT 557.58 88.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 96.69 76.25 Td (or ) Tj ET Q q 0 0 0 rg BT 106.72 76.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 136.19 76.25 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 182.32 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.35 76.25 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 213.78 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.70 76.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 259.38 76.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 283.86 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.90 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.81 76.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 335.06 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.10 76.25 Td (a ) Tj ET Q q 0 0 0 rg BT 351.24 76.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 372.38 76.25 Td (as ) Tj ET Q q 0 0 0 rg BT 382.41 76.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 423.53 76.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.01 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.93 76.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 478.07 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.10 76.25 Td (other ) Tj ET Q q 0 0 0 rg BT 510.35 76.25 Td (indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.44 64.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 78.30 64.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.41 64.25 Td (with ) Tj ET Q q 0 0 0 rg BT 102.30 64.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 133.73 64.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.61 64.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 182.16 64.25 Td (from ) Tj ET Q q 0 0 0 rg BT 204.71 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.03 64.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 258.68 64.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.12 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.45 64.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 326.88 64.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 350.54 64.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 410.85 64.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.74 64.25 Td (that ) Tj ET Q q 0 0 0 rg BT 439.85 64.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 462.40 64.25 Td (or ) Tj ET Q q 0 0 0 rg BT 473.84 64.25 Td (other ) Tj ET Q q 0 0 0 rg BT 497.50 64.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 523.94 64.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.38 64.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 552.24 64.25 Td ( ) Tj ET Q q 0 0 0 rg BT 555.35 64.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (uncertain.) Tj ET Q endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 727.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 727.10 Td (o ) Tj ET Q q 0 0 0 rg BT 99.56 727.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 121.60 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.97 727.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 159.01 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.94 727.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 198.64 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.12 727.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 236.60 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.08 727.10 Td (its ) Tj ET Q q 0 0 0 rg BT 260.68 727.10 Td (insolvency) Tj ET Q q 0 0 0 rg BT 303.36 727.10 Td (, ) Tj ET Q q 0 0 0 rg BT 309.01 727.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 325.87 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.02 727.10 Td (has ) Tj ET Q q 0 0 0 rg BT 345.50 727.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 378.64 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.01 727.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 423.81 727.10 Td (under ) Tj ET Q q 0 0 0 rg BT 449.73 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.10 727.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 506.01 727.10 Td (for ) Tj ET Q q 0 0 0 rg BT 520.82 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.19 727.10 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 82.98 715.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.10 715.10 Td (as ) Tj ET Q q 0 0 0 rg BT 101.78 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.34 715.10 Td ("indenture ) Tj ET Q q 0 0 0 rg BT 158.53 715.10 Td (trustee," ) Tj ET Q q 0 0 0 rg BT 193.12 715.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.12 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.68 715.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 248.79 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.47 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.03 715.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 292.81 715.10 Td (holders, ) Tj ET Q q 0 0 0 rg BT 326.10 715.10 Td (a ) Tj ET Q q 0 0 0 rg BT 331.88 715.10 Td (security ) Tj ET Q q 0 0 0 rg BT 364.88 715.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 395.66 715.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.78 715.10 Td (all ) Tj ET Q q 0 0 0 rg BT 416.12 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.80 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.36 715.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 479.03 715.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 504.81 715.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.79 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.03 703.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 102.38 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.83 703.10 Td (all ) Tj ET Q q 0 0 0 rg BT 132.84 703.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 174.18 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.64 703.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 230.19 703.10 Td (received ) Tj ET Q q 0 0 0 rg BT 267.07 703.10 Td (by ) Tj ET Q q 0 0 0 rg BT 280.09 703.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 296.95 703.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.96 703.10 Td (on ) Tj ET Q q 0 0 0 rg BT 312.98 703.10 Td (such ) Tj ET Q q 0 0 0 rg BT 334.33 703.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 375.67 703.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 405.62 703.10 Td (in ) Tj ET Q q 0 0 0 rg BT 416.42 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.65 703.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 463.55 703.10 Td (account ) Tj ET Q q 0 0 0 rg BT 497.66 703.10 Td (into ) Tj ET Q q 0 0 0 rg BT 516.24 703.10 Td (which ) Tj ET Q q 0 0 0 rg BT 543.69 703.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.63 691.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 113.48 691.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 154.11 691.10 Td (are ) Tj ET Q q 0 0 0 rg BT 168.63 691.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 209.26 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.01 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.53 691.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.62 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.14 691.10 Td (FBO ) Tj ET Q q 0 0 0 rg BT 286.90 691.10 Td (account. ) Tj ET Q q 0 0 0 rg BT 322.80 691.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 339.66 691.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.97 691.10 Td (will ) Tj ET Q q 0 0 0 rg BT 359.83 691.10 Td (perfect ) Tj ET Q q 0 0 0 rg BT 389.89 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.42 691.10 Td (security ) Tj ET Q q 0 0 0 rg BT 438.38 691.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 470.12 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.76 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.28 691.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 535.35 691.10 Td (trustee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.10 679.10 Td (such ) Tj ET Q q 0 0 0 rg BT 80.75 679.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 120.26 679.10 Td (by ) Tj ET Q q 0 0 0 rg BT 132.58 679.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 182.67 679.10 Td (this ) Tj ET Q q 0 0 0 rg BT 199.44 679.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 221.20 679.10 Td (account ) Tj ET Q q 0 0 0 rg BT 254.61 679.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.71 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.24 679.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 329.33 679.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 358.30 679.10 Td (\(thus ) Tj ET Q q 0 0 0 rg BT 380.62 679.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 421.83 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.36 679.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 476.45 679.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 505.42 679.10 Td (with ) Tj ET Q q 0 0 0 rg BT 525.52 679.10 Td ("control" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.48 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.84 667.10 Td (account ) Tj ET Q q 0 0 0 rg BT 111.08 667.10 Td (under ) Tj ET Q q 0 0 0 rg BT 136.99 667.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 181.23 667.10 Td (law ) Tj ET Q q 0 0 0 rg BT 198.81 667.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 242.51 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.87 667.10 Td (perfection ) Tj ET Q q 0 0 0 rg BT 301.55 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.02 667.10 Td (security ) Tj ET Q q 0 0 0 rg BT 347.82 667.10 Td (interests\) ) Tj ET Q q 0 0 0 rg BT 387.63 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.21 667.10 Td (by ) Tj ET Q q 0 0 0 rg BT 418.36 667.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 443.17 667.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.75 667.10 Td (Uniform ) Tj ET Q q 0 0 0 rg BT 488.34 667.10 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 540.91 667.10 Td (Code ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 90.01 655.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 130.57 655.10 Td (with ) Tj ET Q q 0 0 0 rg BT 150.59 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.05 655.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 205.60 655.10 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 245.60 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.17 655.10 Td (State. ) Tj ET Q q 0 0 0 rg BT 280.75 655.10 Td (The ) Tj ET Q q 0 0 0 rg BT 298.54 655.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 338.55 655.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 367.45 655.10 Td (may ) Tj ET Q q 0 0 0 rg BT 386.91 655.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 421.91 655.10 Td (its ) Tj ET Q q 0 0 0 rg BT 433.60 655.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 455.27 655.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 480.30 655.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.32 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.78 655.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 544.22 655.10 Td (only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (if ) Tj ET Q q 0 0 0 rg BT 58.54 643.10 Td (an ) Tj ET Q q 0 0 0 rg BT 70.41 643.10 Td (event ) Tj ET Q q 0 0 0 rg BT 94.50 643.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.26 643.10 Td (default ) Tj ET Q q 0 0 0 rg BT 135.46 643.10 Td (has ) Tj ET Q q 0 0 0 rg BT 151.22 643.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 188.63 643.10 Td (under ) Tj ET Q q 0 0 0 rg BT 213.83 643.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.48 643.10 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 270.64 643.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 290.30 643.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 331.05 643.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 357.92 643.10 Td (that ) Tj ET Q q 0 0 0 rg BT 375.35 643.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 398.07 643.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 445.49 643.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 465.14 643.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 504.23 643.10 Td (as ) Tj ET Q q 0 0 0 rg BT 514.99 643.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 540.35 643.10 Td (agent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 86.15 631.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.64 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.19 631.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 171.07 631.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 219.71 631.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 239.19 631.10 Td (or ) Tj ET Q q 0 0 0 rg BT 249.23 631.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 289.82 631.10 Td (transfers ) Tj ET Q q 0 0 0 rg BT 325.96 631.10 Td (on ) Tj ET Q q 0 0 0 rg BT 337.67 631.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 362.31 631.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 389.00 631.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.37 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.30 631.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 449.67 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.71 631.10 Td (realizing ) Tj ET Q q 0 0 0 rg BT 496.40 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.33 631.10 Td (value ) Tj ET Q q 0 0 0 rg BT 533.70 631.10 Td (thereof ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (\(though ) Tj ET Q q 0 0 0 rg BT 83.01 619.10 Td (not ) Tj ET Q q 0 0 0 rg BT 97.69 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.81 619.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 149.25 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.49 619.10 Td (any ) Tj ET Q q 0 0 0 rg BT 175.83 619.10 Td (such ) Tj ET Q q 0 0 0 rg BT 196.06 619.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 213.51 619.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.75 619.10 Td (transfer\) ) Tj ET Q q 0 0 0 rg BT 259.52 619.10 Td (will ) Tj ET Q q 0 0 0 rg BT 276.98 619.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 333.30 619.10 Td (be ) Tj ET Q q 0 0 0 rg BT 344.65 619.10 Td (released ) Tj ET Q q 0 0 0 rg BT 379.30 619.10 Td (from ) Tj ET Q q 0 0 0 rg BT 400.64 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.76 619.10 Td (security ) Tj ET Q q 0 0 0 rg BT 448.32 619.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 479.66 619.10 Td (as ) Tj ET Q q 0 0 0 rg BT 489.89 619.10 Td (will ) Tj ET Q q 0 0 0 rg BT 507.35 619.10 Td (any ) Tj ET Q q 0 0 0 rg BT 523.70 619.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 73.05 607.10 Td (that ) Tj ET Q q 0 0 0 rg BT 90.54 607.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 124.70 607.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 154.41 607.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.91 607.10 Td (its ) Tj ET Q q 0 0 0 rg BT 178.86 607.10 Td (final ) Tj ET Q q 0 0 0 rg BT 199.69 607.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 236.07 607.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 577.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.72 577.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 145.65 577.10 Td (does ) Tj ET Q q 0 0 0 rg BT 167.15 577.10 Td (not ) Tj ET Q q 0 0 0 rg BT 183.09 577.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 215.70 577.10 Td (any ) Tj ET Q q 0 0 0 rg BT 233.30 577.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 278.14 577.10 Td (that ) Tj ET Q q 0 0 0 rg BT 296.31 577.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 318.37 577.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 344.46 577.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 373.18 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.13 577.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 407.85 577.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 462.67 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.62 577.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 509.56 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.51 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.89 577.10 Td (Notes; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (however) Tj ET Q q 0 0 0 rg BT 84.03 565.10 Td (, ) Tj ET Q q 0 0 0 rg BT 88.64 565.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 113.67 565.10 Td (or) Tj ET Q q 0 0 0 rg BT 121.82 565.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 172.80 565.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 218.23 565.10 Td (do ) Tj ET Q q 0 0 0 rg BT 230.34 565.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 261.34 565.10 Td (such ) Tj ET Q q 0 0 0 rg BT 281.78 565.10 Td (limitations. ) Tj ET Q q 0 0 0 rg BT 329.17 565.10 Td (See ) Tj ET Q q 0 0 0 rg BT 345.71 565.10 Td ("Information ) Tj ET Q q 0 0 0 rg BT 399.20 565.10 Td (About ) Tj ET Q q 0 0 0 rg BT 426.31 565.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 458.97 565.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 494.42 565.10 Td (LLC-Overview) Tj ET Q q 0 0 0 rg BT 555.42 565.10 Td (.") Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 505.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 118.58 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.94 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.74 505.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 189.11 505.10 Td (described ) Tj ET Q q 0 0 0 rg BT 230.01 505.10 Td (below ) Tj ET Q q 0 0 0 rg BT 257.03 505.10 Td (under ) Tj ET Q q 0 0 0 rg BT 282.38 505.10 Td ("Limitations ) Tj ET Q q 0 0 0 rg BT 335.16 505.10 Td (on ) Tj ET Q q 0 0 0 rg BT 347.74 505.10 Td (Payments," ) Tj ET Q q 0 0 0 rg BT 395.79 505.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 412.66 505.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.24 505.10 Td (will ) Tj ET Q q 0 0 0 rg BT 433.38 505.10 Td (make ) Tj ET Q q 0 0 0 rg BT 457.62 505.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 498.53 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.44 505.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 547.57 505.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.48 493.10 Td (on ) Tj ET Q q 0 0 0 rg BT 93.53 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.80 493.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 133.18 493.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 155.23 493.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 194.48 493.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 234.85 493.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 257.45 493.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 297.82 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.65 493.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 338.02 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.40 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.66 493.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 421.92 493.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 462.29 493.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 487.39 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.21 493.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 544.23 493.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.53 481.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 101.28 481.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 138.59 481.10 Td (for ) Tj ET Q q 0 0 0 rg BT 152.56 481.10 Td (each ) Tj ET Q q 0 0 0 rg BT 173.20 481.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 197.45 481.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 219.75 481.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 241.51 481.10 Td (will ) Tj ET Q q 0 0 0 rg BT 259.38 481.10 Td (have ) Tj ET Q q 0 0 0 rg BT 280.58 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.33 481.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 324.08 481.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 361.38 481.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 402.59 481.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.56 481.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 452.22 481.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 492.86 481.10 Td (over ) Tj ET Q q 0 0 0 rg BT 512.94 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.70 481.10 Td (term ) Tj ET Q q 0 0 0 rg BT 540.34 481.10 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.35 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.13 469.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 111.58 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.48 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.27 469.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 197.04 469.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 237.93 469.10 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 263.36 469.10 Td (The ) Tj ET Q q 0 0 0 rg BT 281.47 469.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 318.48 469.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 341.59 469.10 Td (will ) Tj ET Q q 0 0 0 rg BT 359.72 469.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 375.61 469.10 Td (on ) Tj ET Q q 0 0 0 rg BT 388.18 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.96 469.10 Td (sixth ) Tj ET Q q 0 0 0 rg BT 424.98 469.10 Td (business ) Tj ET Q q 0 0 0 rg BT 461.44 469.10 Td (day ) Tj ET Q q 0 0 0 rg BT 478.45 469.10 Td (after ) Tj ET Q q 0 0 0 rg BT 499.33 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.12 469.10 Td (due ) Tj ET Q q 0 0 0 rg BT 531.12 469.10 Td (date ) Tj ET Q q 0 0 0 rg BT 550.35 469.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (each ) Tj ET Q q 0 0 0 rg BT 70.43 457.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 105.88 457.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 152.44 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.88 457.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 200.54 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.09 457.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 248.64 457.10 Td (on ) Tj ET Q q 0 0 0 rg BT 260.76 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.09 457.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 334.41 457.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 374.85 457.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 400.01 457.10 Td (but ) Tj ET Q q 0 0 0 rg BT 414.91 457.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 446.46 457.10 Td (on ) Tj ET Q q 0 0 0 rg BT 458.57 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.90 457.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 498.35 457.10 Td (will ) Tj ET Q q 0 0 0 rg BT 516.02 457.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 544.22 457.10 Td (only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.61 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.33 445.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 158.03 445.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 194.97 445.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 218.01 445.10 Td (for ) Tj ET Q q 0 0 0 rg BT 232.17 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.89 445.10 Td (related ) Tj ET Q q 0 0 0 rg BT 276.59 445.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 317.41 445.10 Td (Loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 415.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.86 415.10 Td (requests ) Tj ET Q q 0 0 0 rg BT 139.63 415.10 Td (an ) Tj ET Q q 0 0 0 rg BT 150.62 415.10 Td (ACH ) Tj ET Q q 0 0 0 rg BT 173.74 415.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 210.17 415.10 Td (from ) Tj ET Q q 0 0 0 rg BT 231.61 415.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.05 415.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 276.70 415.10 Td (on ) Tj ET Q q 0 0 0 rg BT 288.70 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.91 415.10 Td (business ) Tj ET Q q 0 0 0 rg BT 338.80 415.10 Td (day ) Tj ET Q q 0 0 0 rg BT 355.24 415.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 376.68 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.46 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.67 415.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 437.11 415.10 Td (due ) Tj ET Q q 0 0 0 rg BT 453.54 415.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 474.70 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.14 415.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 529.24 415.10 Td (receives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 87.16 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.11 403.10 Td (following ) Tj ET Q q 0 0 0 rg BT 143.72 403.10 Td (business ) Tj ET Q q 0 0 0 rg BT 180.34 403.10 Td (day) Tj ET Q q 0 0 0 rg BT 194.13 403.10 Td (. ) Tj ET Q q 0 0 0 rg BT 198.76 403.10 Td (A) Tj ET Q q 0 0 0 rg BT 205.43 403.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.16 403.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 253.23 403.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 273.17 403.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 310.34 403.10 Td (is ) Tj ET Q q 0 0 0 rg BT 319.73 403.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 353.57 403.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 394.63 403.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.13 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.08 403.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 451.69 403.10 Td (account ) Tj ET Q q 0 0 0 rg BT 485.51 403.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 508.24 403.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 538.17 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 555.34 403.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.38 391.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 110.75 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.13 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.94 391.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 176.45 391.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 210.16 391.10 Td (account ) Tj ET Q q 0 0 0 rg BT 243.85 391.10 Td (until ) Tj ET Q q 0 0 0 rg BT 264.79 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.60 391.10 Td (sixth ) Tj ET Q q 0 0 0 rg BT 301.65 391.10 Td (business ) Tj ET Q q 0 0 0 rg BT 338.14 391.10 Td (day ) Tj ET Q q 0 0 0 rg BT 355.18 391.10 Td (after ) Tj ET Q q 0 0 0 rg BT 376.09 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.34 391.10 Td (ACH ) Tj ET Q q 0 0 0 rg BT 414.05 391.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 451.08 391.10 Td (was ) Tj ET Q q 0 0 0 rg BT 469.23 391.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 510.15 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.18 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.00 391.10 Td (short ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (return ) Tj ET Q q 0 0 0 rg BT 76.11 379.10 Td (window ) Tj ET Q q 0 0 0 rg BT 110.56 379.10 Td (for ) Tj ET Q q 0 0 0 rg BT 123.96 379.10 Td (ACH ) Tj ET Q q 0 0 0 rg BT 147.31 379.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 171.76 379.10 Td (has ) Tj ET Q q 0 0 0 rg BT 187.32 379.10 Td (expired. ) Tj ET Q q 0 0 0 rg BT 222.04 379.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 260.93 379.10 Td (can ) Tj ET Q q 0 0 0 rg BT 277.04 379.10 Td (review ) Tj ET Q q 0 0 0 rg BT 306.48 379.10 Td (their ) Tj ET Q q 0 0 0 rg BT 327.03 379.10 Td (account ) Tj ET Q q 0 0 0 rg BT 360.36 379.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 404.80 379.10 Td (online ) Tj ET Q q 0 0 0 rg BT 432.03 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.70 379.10 Td (see ) Tj ET Q q 0 0 0 rg BT 463.70 379.10 Td (if ) Tj ET Q q 0 0 0 rg BT 472.04 379.10 Td (they ) Tj ET Q q 0 0 0 rg BT 491.48 379.10 Td (received ) Tj ET Q q 0 0 0 rg BT 527.58 379.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (on ) Tj ET Q q 0 0 0 rg BT 63.02 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.25 367.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 104.60 367.10 Td (on ) Tj ET Q q 0 0 0 rg BT 117.62 367.10 Td (such ) Tj ET Q q 0 0 0 rg BT 138.96 367.10 Td (following ) Tj ET Q q 0 0 0 rg BT 180.87 367.10 Td (sixth ) Tj ET Q q 0 0 0 rg BT 203.33 367.10 Td (business ) Tj ET Q q 0 0 0 rg BT 240.24 367.10 Td (day) Tj ET Q q 0 0 0 rg BT 254.03 367.10 Td (. ) Tj ET Q q 0 0 0 rg BT 259.55 367.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 284.79 367.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 321.69 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.04 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.27 367.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 373.23 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.46 367.10 Td (same ) Tj ET Q q 0 0 0 rg BT 412.03 367.10 Td (process ) Tj ET Q q 0 0 0 rg BT 445.03 367.10 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 475.98 367.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 516.78 367.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 554.23 367.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 89.44 355.10 Td (under ) Tj ET Q q 0 0 0 rg BT 115.54 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.10 355.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 157.76 355.10 Td (is ) Tj ET Q q 0 0 0 rg BT 167.76 355.10 Td (made ) Tj ET Q q 0 0 0 rg BT 192.75 355.10 Td (six ) Tj ET Q q 0 0 0 rg BT 207.76 355.10 Td (business ) Tj ET Q q 0 0 0 rg BT 244.98 355.10 Td (days ) Tj ET Q q 0 0 0 rg BT 266.65 355.10 Td (after ) Tj ET Q q 0 0 0 rg BT 288.30 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.85 355.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 348.27 355.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 368.82 355.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 406.59 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.36 355.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 444.91 355.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 482.13 355.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 504.62 355.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 521.48 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.81 355.10 Td (treats ) Tj ET Q q 0 0 0 rg BT 549.80 355.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 86.93 343.10 Td (date ) Tj ET Q q 0 0 0 rg BT 106.09 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.03 343.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 159.41 343.10 Td (date ) Tj ET Q q 0 0 0 rg BT 178.56 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.39 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.11 343.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 226.05 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.33 343.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.27 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.98 343.10 Td (same ) Tj ET Q q 0 0 0 rg BT 286.03 343.10 Td (as ) Tj ET Q q 0 0 0 rg BT 296.86 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.58 343.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 334.62 343.10 Td (set ) Tj ET Q q 0 0 0 rg BT 348.23 343.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 370.17 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.45 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.17 343.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 454.87 343.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 495.69 343.10 Td (Loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 313.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.90 313.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 129.57 313.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 161.36 313.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 178.70 313.10 Td (on ) Tj ET Q q 0 0 0 rg BT 191.05 313.10 Td (each ) Tj ET Q q 0 0 0 rg BT 211.71 313.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 233.50 313.10 Td (will ) Tj ET Q q 0 0 0 rg BT 251.41 313.10 Td (be ) Tj ET Q q 0 0 0 rg BT 263.20 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.77 313.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 312.34 313.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 334.68 313.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 380.33 313.10 Td (set ) Tj ET Q q 0 0 0 rg BT 393.79 313.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 415.58 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.71 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.28 313.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 459.85 313.10 Td (listing. ) Tj ET Q q 0 0 0 rg BT 489.53 313.10 Td (The ) Tj ET Q q 0 0 0 rg BT 507.43 313.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 542.00 313.10 Td (yield ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 96.18 301.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.73 301.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 130.27 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.92 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.02 301.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.33 301.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 206.20 301.10 Td (on ) Tj ET Q q 0 0 0 rg BT 219.08 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.18 301.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 294.26 301.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 335.46 301.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 358.89 301.10 Td (net ) Tj ET Q q 0 0 0 rg BT 373.99 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.20 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.29 301.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 439.83 301.10 Td (fee. ) Tj ET Q q 0 0 0 rg BT 457.21 301.10 Td (The ) Tj ET Q q 0 0 0 rg BT 475.63 301.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 501.84 301.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 534.15 301.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 552.02 301.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (each ) Tj ET Q q 0 0 0 rg BT 69.80 289.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 90.73 289.10 Td (will ) Tj ET Q q 0 0 0 rg BT 107.78 289.10 Td (not ) Tj ET Q q 0 0 0 rg BT 122.05 289.10 Td (be ) Tj ET Q q 0 0 0 rg BT 132.97 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.68 289.10 Td (same ) Tj ET Q q 0 0 0 rg BT 168.72 289.10 Td (as ) Tj ET Q q 0 0 0 rg BT 178.54 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.24 289.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 223.16 289.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 239.64 289.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.13 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.83 289.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 323.53 289.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 363.34 289.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 385.38 289.10 Td (because ) Tj ET Q q 0 0 0 rg BT 418.51 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.22 289.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 463.14 289.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 479.61 289.10 Td (on ) Tj ET Q q 0 0 0 rg BT 491.10 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.81 289.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.68 277.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 113.58 277.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 136.49 277.10 Td (into ) Tj ET Q q 0 0 0 rg BT 154.40 277.10 Td (account ) Tj ET Q q 0 0 0 rg BT 187.86 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.43 277.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 241.45 277.10 Td (fee. ) Tj ET Q q 0 0 0 rg BT 258.51 277.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 290.85 277.10 Td (will ) Tj ET Q q 0 0 0 rg BT 308.77 277.10 Td (be ) Tj ET Q q 0 0 0 rg BT 320.57 277.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 362.36 277.10 Td (on ) Tj ET Q q 0 0 0 rg BT 374.72 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.29 277.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 414.98 277.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.12 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.69 277.10 Td (same ) Tj ET Q q 0 0 0 rg BT 462.60 277.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 494.94 277.10 Td (as ) Tj ET Q q 0 0 0 rg BT 505.63 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.21 277.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 552.00 277.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 265.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 124.42 265.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 165.24 265.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 192.18 265.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.35 265.10 Td (computed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 235.10 Td ("Business ) Tj ET Q q 0 0 0 rg BT 128.92 235.10 Td (day" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.27 235.10 Td (means ) Tj ET Q q 0 0 0 rg BT 180.54 235.10 Td (each ) Tj ET Q q 0 0 0 rg BT 202.57 235.10 Td (Monday) Tj ET Q q 0 0 0 rg BT 235.25 235.10 Td (, ) Tj ET Q q 0 0 0 rg BT 241.20 235.10 Td (T) Tj ET Q q 0 0 0 rg BT 246.95 235.10 Td (uesday) Tj ET Q q 0 0 0 rg BT 274.07 235.10 Td (, ) Tj ET Q q 0 0 0 rg BT 280.02 235.10 Td (W) Tj ET Q q 0 0 0 rg BT 288.66 235.10 Td (ednesday) Tj ET Q q 0 0 0 rg BT 325.22 235.10 Td (, ) Tj ET Q q 0 0 0 rg BT 331.17 235.10 Td (Thursday ) Tj ET Q q 0 0 0 rg BT 372.65 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.81 235.10 Td (Friday ) Tj ET Q q 0 0 0 rg BT 420.63 235.10 Td (that ) Tj ET Q q 0 0 0 rg BT 439.34 235.10 Td (is ) Tj ET Q q 0 0 0 rg BT 449.73 235.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 465.11 235.10 Td (not ) Tj ET Q q 0 0 0 rg BT 481.60 235.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.76 235.10 Td (day ) Tj ET Q q 0 0 0 rg BT 507.92 235.10 Td (on ) Tj ET Q q 0 0 0 rg BT 521.63 235.10 Td (which ) Tj ET Q q 0 0 0 rg BT 549.79 235.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (Automated ) Tj ET Q q 0 0 0 rg BT 97.16 223.10 Td (Clearing ) Tj ET Q q 0 0 0 rg BT 134.32 223.10 Td (House ) Tj ET Q q 0 0 0 rg BT 162.60 223.10 Td (system ) Tj ET Q q 0 0 0 rg BT 193.10 223.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 230.25 223.10 Td (by ) Tj ET Q q 0 0 0 rg BT 242.98 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.92 223.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 278.43 223.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 311.14 223.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 346.07 223.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 369.91 223.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 388.18 223.10 Td ("ACH ) Tj ET Q q 0 0 0 rg BT 416.10 223.10 Td (System"\) ) Tj ET Q q 0 0 0 rg BT 455.69 223.10 Td (is ) Tj ET Q q 0 0 0 rg BT 465.09 223.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 493.36 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.52 223.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 524.91 223.10 Td (not ) Tj ET Q q 0 0 0 rg BT 540.41 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 547.58 223.10 Td (day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 211.10 Td (which ) Tj ET Q q 0 0 0 rg BT 89.44 211.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 124.16 211.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 171.11 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.39 211.10 Td (San ) Tj ET Q q 0 0 0 rg BT 198.89 211.10 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 242.76 211.10 Td (California ) Tj ET Q q 0 0 0 rg BT 285.81 211.10 Td (or ) Tj ET Q q 0 0 0 rg BT 296.64 211.10 Td (New ) Tj ET Q q 0 0 0 rg BT 317.65 211.10 Td (Y) Tj ET Q q 0 0 0 rg BT 323.87 211.10 Td (ork, ) Tj ET Q q 0 0 0 rg BT 342.20 211.10 Td (New ) Tj ET Q q 0 0 0 rg BT 363.21 211.10 Td (Y) Tj ET Q q 0 0 0 rg BT 369.43 211.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 385.26 211.10 Td (are ) Tj ET Q q 0 0 0 rg BT 399.97 211.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 444.67 211.10 Td (or ) Tj ET Q q 0 0 0 rg BT 455.50 211.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 495.21 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.49 211.10 Td (close.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 99.73 181.10 Td (on ) Tj ET Q q 0 0 0 rg BT 112.79 181.10 Td (Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 151.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 117.97 151.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.73 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.92 151.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 180.55 151.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 198.63 151.10 Td (described ) Tj ET Q q 0 0 0 rg BT 238.92 151.10 Td (below ) Tj ET Q q 0 0 0 rg BT 265.33 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.75 151.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 306.65 151.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 344.17 151.10 Td (or ) Tj ET Q q 0 0 0 rg BT 354.48 151.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 390.89 151.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.64 151.10 Td (third ) Tj ET Q q 0 0 0 rg BT 421.50 151.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 450.14 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.44 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.64 151.10 Td (other ) Tj ET Q q 0 0 0 rg BT 497.16 151.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 515.23 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.65 151.10 Td (char) Tj ET Q q 0 0 0 rg BT 548.68 151.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (described ) Tj ET Q q 0 0 0 rg BT 90.82 139.10 Td (below) Tj ET Q q 0 0 0 rg BT 114.61 139.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.62 139.10 Td (any ) Tj ET Q q 0 0 0 rg BT 136.56 139.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 172.96 139.10 Td (received ) Tj ET Q q 0 0 0 rg BT 209.32 139.10 Td (from ) Tj ET Q q 0 0 0 rg BT 231.27 139.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 274.32 139.10 Td (on ) Tj ET Q q 0 0 0 rg BT 286.82 139.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 327.65 139.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 354.59 139.10 Td (will ) Tj ET Q q 0 0 0 rg BT 372.66 139.10 Td (be ) Tj ET Q q 0 0 0 rg BT 384.60 139.10 Td (forwarded ) Tj ET Q q 0 0 0 rg BT 428.20 139.10 Td (by ) Tj ET Q q 0 0 0 rg BT 440.70 139.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 457.56 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.07 139.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.36 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.08 139.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 513.13 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.97 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 139.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 110.14 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.86 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.01 127.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 177.27 127.10 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 203.25 127.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 226.17 127.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 248.55 127.10 Td (holder's ) Tj ET Q q 0 0 0 rg BT 282.72 127.10 Td (right ) Tj ET Q q 0 0 0 rg BT 304.54 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.26 127.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 347.06 127.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 385.54 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.91 127.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 435.28 127.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 476.54 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.92 127.10 Td (other ) Tj ET Q q 0 0 0 rg BT 517.40 127.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 554.22 127.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 80.81 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.64 115.10 Td (that ) Tj ET Q q 0 0 0 rg BT 109.13 115.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 131.07 115.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.24 115.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 171.06 115.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.34 115.10 Td (all ) Tj ET Q q 0 0 0 rg BT 193.83 115.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 217.43 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.71 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.42 115.10 Td (holder's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 276.16 115.10 Td (pr) Tj ET Q q 0 0 0 rg BT 284.68 115.10 Td (o ) Tj ET Q q 0 0 0 rg BT 292.18 115.10 Td (rata ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.34 115.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 342.73 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.55 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.27 115.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 404.65 115.10 Td (received ) Tj ET Q q 0 0 0 rg BT 441.01 115.10 Td (by ) Tj ET Q q 0 0 0 rg BT 453.51 115.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 470.37 115.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.87 115.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.14 115.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 529.51 115.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 115.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 110.52 103.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 152.14 103.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 178.50 103.10 Td (including ) Tj ET Q q 0 0 0 rg BT 219.58 103.10 Td (without ) Tj ET Q q 0 0 0 rg BT 253.44 103.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 298.14 103.10 Td (all ) Tj ET Q q 0 0 0 rg BT 311.44 103.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 353.08 103.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.71 103.10 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 419.12 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.75 103.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 469.60 103.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.35 103.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 522.59 103.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.23 103.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 89.16 91.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 107.75 91.10 Td (char) Tj ET Q q 0 0 0 rg BT 124.78 91.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 141.72 91.10 Td (by ) Tj ET Q q 0 0 0 rg BT 154.22 91.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 171.08 91.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.58 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.52 91.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 215.94 91.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 253.98 91.10 Td (or ) Tj ET Q q 0 0 0 rg BT 264.81 91.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 301.75 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.03 91.10 Td (third ) Tj ET Q q 0 0 0 rg BT 333.41 91.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 362.57 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.40 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.12 91.10 Td (other ) Tj ET Q q 0 0 0 rg BT 411.16 91.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 429.76 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.70 91.10 Td (char) Tj ET Q q 0 0 0 rg BT 463.73 91.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 479.56 91.10 Td (described ) Tj ET Q q 0 0 0 rg BT 520.37 91.10 Td (below) Tj ET Q q 0 0 0 rg BT 544.16 91.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 61.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 61.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.42 61.10 Td (retains ) Tj ET Q q 0 0 0 rg BT 134.63 61.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.62 61.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 180.83 61.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 195.59 61.10 Td (from ) Tj ET Q q 0 0 0 rg BT 217.59 61.10 Td (every ) Tj ET Q q 0 0 0 rg BT 242.35 61.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 262.12 61.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 299.11 61.10 Td (it ) Tj ET Q q 0 0 0 rg BT 307.22 61.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 342.53 61.10 Td (as ) Tj ET Q q 0 0 0 rg BT 353.42 61.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 411.51 61.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.73 61.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 464.94 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.71 61.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 520.59 61.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 547.58 61.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 78.76 49.10 Td (The ) Tj ET Q q 0 0 0 rg BT 97.46 49.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 130.60 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.09 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.46 49.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 197.27 49.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 212.63 49.10 Td (with ) Tj ET Q q 0 0 0 rg BT 233.56 49.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 265.03 49.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.96 49.10 Td (a ) Tj ET Q q 0 0 0 rg BT 283.55 49.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 325.01 49.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 362.60 49.10 Td (on ) Tj ET Q q 0 0 0 rg BT 375.75 49.10 Td (a ) Tj ET Q q 0 0 0 rg BT 383.35 49.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 424.81 49.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 466.28 49.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 489.98 49.10 Td (is ) Tj ET Q q 0 0 0 rg BT 499.81 49.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 524.62 49.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.55 49.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 549.80 49.10 Td (the ) Tj ET Q endstream endobj 155 0 obj <> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (product ) Tj ET Q q 0 0 0 rg BT 83.75 742.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 121.39 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 134.60 742.10 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 184.47 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.90 742.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 244.19 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 274.05 742.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 313.91 742.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 329.32 742.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 347.51 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 360.72 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.36 742.10 Td (fraction, ) Tj ET Q q 0 0 0 rg BT 405.16 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.59 742.10 Td (numerator ) Tj ET Q q 0 0 0 rg BT 464.89 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.42 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 504.06 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.94 742.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 538.80 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (number ) Tj ET Q q 0 0 0 rg BT 83.66 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.10 730.10 Td (days ) Tj ET Q q 0 0 0 rg BT 116.54 730.10 Td (since ) Tj ET Q q 0 0 0 rg BT 140.19 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.52 730.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 200.97 730.10 Td (last ) Tj ET Q q 0 0 0 rg BT 217.97 730.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 255.51 730.10 Td (\(or) Tj ET Q q 0 0 0 rg BT 266.77 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 272.38 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.27 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.59 730.10 Td (case ) Tj ET Q q 0 0 0 rg BT 318.91 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.35 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.67 730.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 391.13 730.10 Td (first ) Tj ET Q q 0 0 0 rg BT 410.35 730.10 Td (payment, ) Tj ET Q q 0 0 0 rg BT 450.39 730.10 Td (since ) Tj ET Q q 0 0 0 rg BT 474.04 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.37 730.10 Td (date ) Tj ET Q q 0 0 0 rg BT 509.14 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 522.25 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 549.79 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 85.02 718.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 105.05 718.10 Td (was ) Tj ET Q q 0 0 0 rg BT 123.42 718.10 Td (funded\) ) Tj ET Q q 0 0 0 rg BT 157.33 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.59 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.62 718.10 Td (denominator ) Tj ET Q q 0 0 0 rg BT 242.98 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.13 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 281.38 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 290.87 718.10 Td (365, ) Tj ET Q q 0 0 0 rg BT 311.19 718.10 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 355.11 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 367.93 718.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 382.40 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.44 718.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 446.92 718.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 485.28 718.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 518.63 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.77 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.80 718.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.56 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.47 706.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 118.59 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.93 706.10 Td (current ) Tj ET Q q 0 0 0 rg BT 163.38 706.10 Td (payment. ) Tj ET Q q 0 0 0 rg BT 202.44 706.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 219.30 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.42 706.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 259.64 706.10 Td (char) Tj ET Q q 0 0 0 rg BT 276.67 706.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 292.13 706.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 330.36 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 336.93 706.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 375.71 706.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 390.04 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.50 706.10 Td (1.0% ) Tj ET Q q 0 0 0 rg BT 423.45 706.10 Td (per ) Tj ET Q q 0 0 0 rg BT 438.35 706.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 470.19 706.10 Td (but ) Tj ET Q q 0 0 0 rg BT 485.10 706.10 Td (it ) Tj ET Q q 0 0 0 rg BT 492.78 706.10 Td (may ) Tj ET Q q 0 0 0 rg BT 512.12 706.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 547.00 706.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 64.52 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 74.61 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.14 694.10 Td (future ) Tj ET Q q 0 0 0 rg BT 115.33 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.42 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 132.17 694.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 149.47 694.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 179.53 694.10 Td (than ) Tj ET Q q 0 0 0 rg BT 199.06 694.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 214.70 694.10 Td (but ) Tj ET Q q 0 0 0 rg BT 229.79 694.10 Td (less ) Tj ET Q q 0 0 0 rg BT 247.10 694.10 Td (than ) Tj ET Q q 0 0 0 rg BT 266.63 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.28 694.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 301.24 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.33 694.10 Td (3% ) Tj ET Q q 0 0 0 rg BT 326.98 694.10 Td (per ) Tj ET Q q 0 0 0 rg BT 342.06 694.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 373.57 694.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 393.11 694.10 Td (change ) Tj ET Q q 0 0 0 rg BT 423.74 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.83 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.35 694.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 487.32 694.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 501.84 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 519.71 694.10 Td (only ) Tj ET Q q 0 0 0 rg BT 539.80 694.10 Td (apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.22 682.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 84.00 682.10 Td (of) Tj ET Q q 0 0 0 rg BT 92.15 682.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 114.13 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.01 682.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 148.13 682.10 Td (after ) Tj ET Q q 0 0 0 rg BT 167.88 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.55 682.10 Td (date ) Tj ET Q q 0 0 0 rg BT 199.65 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.42 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.08 682.10 Td (change. ) Tj ET Q q 0 0 0 rg BT 255.34 682.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 279.71 682.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 317.81 682.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 335.35 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 349.00 682.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 376.56 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.78 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.44 682.10 Td (Help ) Tj ET Q q 0 0 0 rg BT 420.32 682.10 Td (Center ) Tj ET Q q 0 0 0 rg BT 448.42 682.10 Td (section ) Tj ET Q q 0 0 0 rg BT 478.19 682.10 Td (at ) Tj ET Q q 0 0 0 rg BT 486.85 682.10 Td (www) Tj ET Q q 0 0 0 rg BT 507.87 682.10 Td (.prosper) Tj ET Q q 0 0 0 rg BT 539.81 682.10 Td (.com. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 90.89 670.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 109.54 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 127.66 670.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 156.87 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.64 670.10 Td (ef) Tj ET Q q 0 0 0 rg BT 179.23 670.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 208.99 670.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 231.55 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 244.11 670.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 284.99 670.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 311.99 670.10 Td (below ) Tj ET Q q 0 0 0 rg BT 338.99 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.76 670.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 392.97 670.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 424.97 670.10 Td (rate. ) Tj ET Q q 0 0 0 rg BT 444.83 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 462.93 670.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 502.15 670.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 516.92 670.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 534.46 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.58 670.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 89.14 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.84 658.10 Td (all ) Tj ET Q q 0 0 0 rg BT 110.75 658.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 129.89 658.10 Td (listings. ) Tj ET Q q 0 0 0 rg BT 163.07 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 180.53 658.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 219.11 658.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 233.24 658.10 Td (is ) Tj ET Q q 0 0 0 rg BT 241.83 658.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 274.84 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 286.76 658.10 Td (all ) Tj ET Q q 0 0 0 rg BT 298.68 658.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 338.92 658.10 Td (received ) Tj ET Q q 0 0 0 rg BT 374.71 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 386.63 658.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 426.87 658.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 453.23 658.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 512.35 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.05 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.19 658.10 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.17 646.10 Td (without ) Tj ET Q q 0 0 0 rg BT 123.11 646.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 164.39 646.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 192.33 646.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 235.54 646.10 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 289.03 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.86 646.10 Td (late ) Tj ET Q q 0 0 0 rg BT 322.68 646.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 359.51 646.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 378.00 646.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 397.61 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 410.00 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.61 646.10 Td (related ) Tj ET Q q 0 0 0 rg BT 454.20 646.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 490.30 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 495.19 646.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 512.05 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.44 646.10 Td (will ) Tj ET Q q 0 0 0 rg BT 532.39 646.10 Td (not ) Tj ET Q q 0 0 0 rg BT 547.56 646.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.62 634.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 103.25 634.10 Td (any ) Tj ET Q q 0 0 0 rg BT 119.87 634.10 Td (non- ) Tj ET Q q 0 0 0 rg BT 140.38 634.10 Td (suf) Tj ET Q q 0 0 0 rg BT 152.42 634.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 180.15 634.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 204.55 634.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 222.84 634.10 Td (it ) Tj ET Q q 0 0 0 rg BT 230.58 634.10 Td (receives, ) Tj ET Q q 0 0 0 rg BT 268.02 634.10 Td (but ) Tj ET Q q 0 0 0 rg BT 282.98 634.10 Td (will ) Tj ET Q q 0 0 0 rg BT 300.72 634.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 325.67 634.10 Td (such ) Tj ET Q q 0 0 0 rg BT 346.18 634.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 364.46 634.10 Td (as ) Tj ET Q q 0 0 0 rg BT 374.98 634.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 417.15 634.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 455.99 634.10 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 516.22 634.10 Td (In ) Tj ET Q q 0 0 0 rg BT 526.73 634.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.81 622.10 Td (attorneys' ) Tj ET Q q 0 0 0 rg BT 107.63 622.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 126.10 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 136.80 622.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 178.60 622.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 197.07 622.10 Td (that ) Tj ET Q q 0 0 0 rg BT 214.43 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.24 622.10 Td (third ) Tj ET Q q 0 0 0 rg BT 242.50 622.10 Td (party ) Tj ET Q q 0 0 0 rg BT 265.42 622.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 299.43 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 310.13 622.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 351.93 622.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 382.61 622.10 Td (imposes ) Tj ET Q q 0 0 0 rg BT 417.76 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.91 622.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 474.15 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 494.30 622.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 536.10 622.10 Td (ef) Tj ET Q q 0 0 0 rg BT 543.69 622.10 Td (forts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.71 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.99 610.10 Td (any ) Tj ET Q q 0 0 0 rg BT 103.94 610.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 162.65 610.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 202.48 610.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 224.53 610.10 Td (will ) Tj ET Q q 0 0 0 rg BT 241.59 610.10 Td (be ) Tj ET Q q 0 0 0 rg BT 252.54 610.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 286.25 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 297.75 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.48 610.10 Td (party ) Tj ET Q q 0 0 0 rg BT 333.53 610.10 Td (earning ) Tj ET Q q 0 0 0 rg BT 365.02 610.10 Td (such ) Tj ET Q q 0 0 0 rg BT 384.86 610.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 402.46 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.41 610.10 Td (will ) Tj ET Q q 0 0 0 rg BT 435.47 610.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 463.62 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.35 610.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 508.85 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.68 610.10 Td (collections ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (available ) Tj ET Q q 0 0 0 rg BT 88.59 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.75 598.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 139.68 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 152.18 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.90 598.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 195.23 598.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 212.09 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.59 598.10 Td (will ) Tj ET Q q 0 0 0 rg BT 232.65 598.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 249.58 598.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 271.52 598.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 303.46 598.10 Td (any ) Tj ET Q q 0 0 0 rg BT 320.40 598.10 Td (late ) Tj ET Q q 0 0 0 rg BT 337.33 598.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 355.93 598.10 Td (it ) Tj ET Q q 0 0 0 rg BT 363.99 598.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 399.24 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 411.74 598.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 471.45 598.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 512.27 598.10 Td (Loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.63 568.10 Td (") Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.71 568.10 Td (non-sufficient ) Tj ET Q q 0 0 0 rg BT 166.78 568.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 191.54 568.10 Td (fee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.19 568.10 Td (" ) Tj ET Q q 0 0 0 rg BT 210.36 568.10 Td (is ) Tj ET Q q 0 0 0 rg BT 220.11 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.63 568.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 242.92 568.10 Td (char) Tj ET Q q 0 0 0 rg BT 259.95 568.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 277.47 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 290.55 568.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 307.41 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.49 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.90 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.43 568.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 375.27 568.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 410.00 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 421.41 568.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 463.92 568.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 495.32 568.10 Td (when ) Tj ET Q q 0 0 0 rg BT 520.06 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 527.59 568.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (request ) Tj ET Q q 0 0 0 rg BT 81.73 556.10 Td (is ) Tj ET Q q 0 0 0 rg BT 91.26 556.10 Td (denied ) Tj ET Q q 0 0 0 rg BT 120.77 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 131.95 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.25 556.10 Td (check ) Tj ET Q q 0 0 0 rg BT 165.42 556.10 Td (is ) Tj ET Q q 0 0 0 rg BT 174.94 556.10 Td (returned ) Tj ET Q q 0 0 0 rg BT 211.12 556.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 241.19 556.10 Td (for ) Tj ET Q q 0 0 0 rg BT 255.70 556.10 Td (any ) Tj ET Q q 0 0 0 rg BT 273.00 556.10 Td (reason, ) Tj ET Q q 0 0 0 rg BT 304.45 556.10 Td (including ) Tj ET Q q 0 0 0 rg BT 345.08 556.10 Td (but ) Tj ET Q q 0 0 0 rg BT 360.71 556.10 Td (not ) Tj ET Q q 0 0 0 rg BT 376.35 556.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 407.53 556.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 420.67 556.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 440.49 556.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 468.88 556.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 493.96 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.59 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.67 556.10 Td (borrower's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 72.25 544.10 Td (account ) Tj ET Q q 0 0 0 rg BT 106.15 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 117.29 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.31 544.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 164.00 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.14 544.10 Td (that ) Tj ET Q q 0 0 0 rg BT 192.94 544.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 215.19 544.10 Td (account. ) Tj ET Q q 0 0 0 rg BT 251.39 544.10 Td (The ) Tj ET Q q 0 0 0 rg BT 269.74 544.10 Td (non-suf) Tj ET Q q 0 0 0 rg BT 300.11 544.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 328.46 544.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 353.49 544.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 368.51 544.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 407.41 544.10 Td (char) Tj ET Q q 0 0 0 rg BT 424.44 544.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 441.68 544.10 Td (by ) Tj ET Q q 0 0 0 rg BT 454.49 544.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 471.35 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.16 544.10 Td (on ) Tj ET Q q 0 0 0 rg BT 486.96 544.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 528.09 544.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 555.34 544.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td ($15 ) Tj ET Q q 0 0 0 rg BT 67.43 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 78.19 532.10 Td (such ) Tj ET Q q 0 0 0 rg BT 98.96 532.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 124.16 532.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 156.58 532.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 197.33 532.10 Td (by ) Tj ET Q q 0 0 0 rg BT 209.77 532.10 Td (law) Tj ET Q q 0 0 0 rg BT 223.55 532.10 Td (. ) Tj ET Q q 0 0 0 rg BT 228.31 532.10 Td (T) Tj ET Q q 0 0 0 rg BT 233.72 532.10 Td (o ) Tj ET Q q 0 0 0 rg BT 241.15 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.80 532.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 282.67 532.10 Td (it ) Tj ET Q q 0 0 0 rg BT 290.65 532.10 Td (does ) Tj ET Q q 0 0 0 rg BT 311.42 532.10 Td (not ) Tj ET Q q 0 0 0 rg BT 326.63 532.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 357.92 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.57 532.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 418.87 532.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 459.62 532.10 Td (on ) Tj ET Q q 0 0 0 rg BT 472.06 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.93 532.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 519.68 532.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 545.16 532.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.02 532.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.18 520.10 Td (not ) Tj ET Q q 0 0 0 rg BT 83.58 520.10 Td (make ) Tj ET Q q 0 0 0 rg BT 107.86 520.10 Td (any ) Tj ET Q q 0 0 0 rg BT 124.93 520.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 165.88 520.10 Td (on ) Tj ET Q q 0 0 0 rg BT 178.50 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.34 520.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 219.30 520.10 Td (related ) Tj ET Q q 0 0 0 rg BT 249.12 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.53 520.10 Td (that ) Tj ET Q q 0 0 0 rg BT 277.15 520.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 318.09 520.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 343.76 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.83 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.89 520.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 396.06 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.01 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 414.08 520.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 436.14 520.10 Td (will ) Tj ET Q q 0 0 0 rg BT 454.32 520.10 Td (not ) Tj ET Q q 0 0 0 rg BT 469.72 520.10 Td (have ) Tj ET Q q 0 0 0 rg BT 491.23 520.10 Td (any ) Tj ET Q q 0 0 0 rg BT 508.29 520.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 533.69 520.10 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.36 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 80.19 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.91 508.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 134.06 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.34 508.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 175.15 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.98 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.70 508.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 222.64 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 233.47 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.18 508.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 307.89 508.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 348.71 508.10 Td (Loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 493.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Prepayments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 448.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 448.10 Td (o ) Tj ET Q q 0 0 0 rg BT 98.56 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.92 448.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 139.50 448.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.64 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.22 448.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 202.01 448.10 Td (prepays ) Tj ET Q q 0 0 0 rg BT 235.26 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.84 448.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 282.31 448.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 307.50 448.10 Td (such ) Tj ET Q q 0 0 0 rg BT 327.97 448.10 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 377.32 448.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 409.46 448.10 Td (will ) Tj ET Q q 0 0 0 rg BT 427.16 448.10 Td (be ) Tj ET Q q 0 0 0 rg BT 438.75 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.33 448.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 485.80 448.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 508.49 448.10 Td (payment, ) Tj ET Q q 0 0 0 rg BT 547.57 448.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 82.11 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.12 436.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 119.12 436.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 179.00 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.45 436.10 Td (that ) Tj ET Q q 0 0 0 rg BT 207.12 436.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 248.11 436.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 271.33 436.10 Td (will ) Tj ET Q q 0 0 0 rg BT 289.56 436.10 Td (be ) Tj ET Q q 0 0 0 rg BT 301.67 436.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 334.34 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.79 436.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 376.33 436.10 Td (their ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.32 436.10 Td (pr) Tj ET Q q 0 0 0 rg BT 405.84 436.10 Td (o ) Tj ET Q q 0 0 0 rg BT 413.52 436.10 Td (rata ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.86 436.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 460.52 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.53 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.42 436.10 Td (prepayment, ) Tj ET Q q 0 0 0 rg BT 538.79 436.10 Td (net ) Tj ET Q q 0 0 0 rg BT 553.68 436.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 93.59 424.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 132.74 424.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 151.34 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.28 424.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 193.71 424.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 231.75 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 242.58 424.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 279.51 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.79 424.10 Td (third ) Tj ET Q q 0 0 0 rg BT 311.18 424.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 340.33 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.16 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.88 424.10 Td (other ) Tj ET Q q 0 0 0 rg BT 388.93 424.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 407.52 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.46 424.10 Td (char) Tj ET Q q 0 0 0 rg BT 441.49 424.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 457.32 424.10 Td (described ) Tj ET Q q 0 0 0 rg BT 498.13 424.10 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 101.39 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.45 394.10 Td (Indemnification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 364.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 113.05 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.32 364.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 170.19 364.10 Td (if ) Tj ET Q q 0 0 0 rg BT 178.36 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 184.85 364.10 Td ("Repurchase ) Tj ET Q q 0 0 0 rg BT 237.64 364.10 Td (Event" ) Tj ET Q q 0 0 0 rg BT 267.10 364.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 295.26 364.10 Td (with ) Tj ET Q q 0 0 0 rg BT 315.10 364.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 345.47 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.30 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.80 364.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 385.79 364.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 402.65 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.71 364.10 Td (will, ) Tj ET Q q 0 0 0 rg BT 424.83 364.10 Td (at ) Tj ET Q q 0 0 0 rg BT 434.10 364.10 Td (its ) Tj ET Q q 0 0 0 rg BT 445.60 364.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 463.77 364.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 493.88 364.10 Td (either ) Tj ET Q q 0 0 0 rg BT 518.71 364.10 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.82 352.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 86.87 352.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.91 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.73 352.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 151.88 352.10 Td (or ) Tj ET Q q 0 0 0 rg BT 162.82 352.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 206.53 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.35 352.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 249.50 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.43 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.26 352.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 297.30 352.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.56 352.10 Td (any ) Tj ET Q q 0 0 0 rg BT 328.61 352.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 355.10 352.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 392.71 352.10 Td (from ) Tj ET Q q 0 0 0 rg BT 414.75 352.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 466.79 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.72 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.54 352.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 514.59 352.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.52 352.10 Td (from ) Tj ET Q q 0 0 0 rg BT 547.57 352.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (claim, ) Tj ET Q q 0 0 0 rg BT 77.17 340.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 111.28 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 122.06 340.10 Td (defense ) Tj ET Q q 0 0 0 rg BT 155.05 340.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 184.73 340.10 Td (as ) Tj ET Q q 0 0 0 rg BT 195.51 340.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.41 340.10 Td (result ) Tj ET Q q 0 0 0 rg BT 227.08 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.86 340.10 Td (such ) Tj ET Q q 0 0 0 rg BT 258.65 340.10 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 307.75 340.10 Td (Event. ) Tj ET Q q 0 0 0 rg BT 335.49 340.10 Td (A) Tj ET Q q 0 0 0 rg BT 342.16 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.61 340.10 Td ("Repurchase ) Tj ET Q q 0 0 0 rg BT 397.79 340.10 Td (Event" ) Tj ET Q q 0 0 0 rg BT 427.66 340.10 Td (with ) Tj ET Q q 0 0 0 rg BT 447.89 340.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 478.66 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.89 340.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.79 340.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 517.68 340.10 Td (means ) Tj ET Q q 0 0 0 rg BT 545.68 340.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 557.58 340.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 83.69 328.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 113.50 328.10 Td (dif) Tj ET Q q 0 0 0 rg BT 124.43 328.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 150.89 328.10 Td (from ) Tj ET Q q 0 0 0 rg BT 173.47 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.83 328.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 222.52 328.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 252.33 328.10 Td (actually ) Tj ET Q q 0 0 0 rg BT 287.12 328.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 330.79 328.10 Td (by ) Tj ET Q q 0 0 0 rg BT 343.93 328.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 360.79 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.93 328.10 Td (was ) Tj ET Q q 0 0 0 rg BT 382.63 328.10 Td (included ) Tj ET Q q 0 0 0 rg BT 420.20 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.12 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.48 328.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 474.63 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.43 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.79 328.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.38 316.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 115.49 316.10 Td (as ) Tj ET Q q 0 0 0 rg BT 125.88 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 132.37 316.10 Td (result ) Tj ET Q q 0 0 0 rg BT 156.65 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.04 316.10 Td (which ) Tj ET Q q 0 0 0 rg BT 193.54 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.81 316.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 239.31 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.70 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.97 316.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 291.58 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.42 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.69 316.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 337.19 316.10 Td (is ) Tj ET Q q 0 0 0 rg BT 345.92 316.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 388.52 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.02 316.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 445.39 316.10 Td (af) Tj ET Q q 0 0 0 rg BT 452.98 316.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 481.96 316.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 496.24 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 502.74 316.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 535.35 316.10 Td (Rating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 304.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 87.43 304.10 Td (from ) Tj ET Q q 0 0 0 rg BT 110.05 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.45 304.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 159.19 304.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 189.04 304.10 Td (that ) Tj ET Q q 0 0 0 rg BT 207.22 304.10 Td (should ) Tj ET Q q 0 0 0 rg BT 237.08 304.10 Td (have ) Tj ET Q q 0 0 0 rg BT 259.14 304.10 Td (appeared ) Tj ET Q q 0 0 0 rg BT 298.41 304.10 Td (was ) Tj ET Q q 0 0 0 rg BT 317.14 304.10 Td (included ) Tj ET Q q 0 0 0 rg BT 354.76 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.73 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.13 304.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 409.32 304.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.16 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.56 304.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 499.96 304.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 541.46 304.10 Td (Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (because ) Tj ET Q q 0 0 0 rg BT 83.61 292.10 Td (either ) Tj ET Q q 0 0 0 rg BT 108.33 292.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 125.20 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.16 292.10 Td (inaccurately ) Tj ET Q q 0 0 0 rg BT 177.98 292.10 Td (input ) Tj ET Q q 0 0 0 rg BT 200.50 292.10 Td (data ) Tj ET Q q 0 0 0 rg BT 219.12 292.10 Td (into ) Tj ET Q q 0 0 0 rg BT 236.64 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.82 292.10 Td (formula ) Tj ET Q q 0 0 0 rg BT 284.43 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.06 292.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 348.34 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.52 292.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 395.03 292.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 423.66 292.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.96 292.10 Td (inaccurately ) Tj ET Q q 0 0 0 rg BT 484.78 292.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 516.17 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.35 292.10 Td (formula ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.31 280.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 115.27 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.13 280.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 163.33 280.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 192.64 280.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 212.23 280.10 Td (as ) Tj ET Q q 0 0 0 rg BT 223.20 280.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.29 280.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 257.65 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.51 280.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 304.59 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.56 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.43 280.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 358.62 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.04 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.91 280.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 405.99 280.10 Td (is ) Tj ET Q q 0 0 0 rg BT 415.30 280.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 458.49 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.57 280.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 516.53 280.10 Td (af) Tj ET Q q 0 0 0 rg BT 524.12 280.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 553.69 280.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 67.69 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.60 268.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 142.49 268.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 183.51 268.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 206.75 268.10 Td (was ) Tj ET Q q 0 0 0 rg BT 224.99 268.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 262.11 268.10 Td (as ) Tj ET Q q 0 0 0 rg BT 273.14 268.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.27 268.10 Td (result ) Tj ET Q q 0 0 0 rg BT 305.18 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.20 268.10 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 357.20 268.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 391.00 268.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 412.01 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 424.70 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.61 268.10 Td (part ) Tj ET Q q 0 0 0 rg BT 457.85 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.87 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.78 268.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 525.35 268.10 Td (borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.88 256.10 Td (material ) Tj ET Q q 0 0 0 rg BT 109.14 256.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 146.07 256.10 Td (default ) Tj ET Q q 0 0 0 rg BT 176.33 256.10 Td (under ) Tj ET Q q 0 0 0 rg BT 201.60 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.32 256.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 276.03 256.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 316.85 256.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 339.89 256.10 Td (has ) Tj ET Q q 0 0 0 rg BT 355.72 256.10 Td (occurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.60 226.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 161.20 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.59 226.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 205.85 226.10 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 246.22 226.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 279.38 226.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 299.76 226.10 Td (has ) Tj ET Q q 0 0 0 rg BT 315.15 226.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 352.18 226.10 Td (is ) Tj ET Q q 0 0 0 rg BT 360.91 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.74 226.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 395.72 226.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 413.89 226.10 Td (discretion. ) Tj ET Q q 0 0 0 rg BT 457.88 226.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 474.74 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.80 226.10 Td (may) Tj ET Q q 0 0 0 rg BT 493.37 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 497.92 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.76 226.10 Td (its ) Tj ET Q q 0 0 0 rg BT 519.26 226.10 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 94.30 214.10 Td (require ) Tj ET Q q 0 0 0 rg BT 124.99 214.10 Td (proof ) Tj ET Q q 0 0 0 rg BT 149.02 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.72 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.31 214.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 207.78 214.10 Td (theft, ) Tj ET Q q 0 0 0 rg BT 230.98 214.10 Td (such ) Tj ET Q q 0 0 0 rg BT 251.68 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 262.38 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.19 214.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 291.00 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.70 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.51 214.10 Td (police ) Tj ET Q q 0 0 0 rg BT 335.31 214.10 Td (report ) Tj ET Q q 0 0 0 rg BT 361.56 214.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 382.26 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 394.63 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.21 214.10 Td (person ) Tj ET Q q 0 0 0 rg BT 438.24 214.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 466.17 214.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 499.64 214.10 Td (was ) Tj ET Q q 0 0 0 rg BT 517.56 214.10 Td (wrongfully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (used ) Tj ET Q q 0 0 0 rg BT 70.83 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.11 202.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 108.60 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.32 202.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 183.03 202.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 223.85 202.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 249.39 202.10 Td (an ) Tj ET Q q 0 0 0 rg BT 261.33 202.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 294.38 202.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 315.21 202.10 Td (af) Tj ET Q q 0 0 0 rg BT 322.80 202.10 Td (fidavit, ) Tj ET Q q 0 0 0 rg BT 353.90 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 360.84 202.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 382.78 202.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 431.37 202.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 454.41 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.24 202.10 Td (all ) Tj ET Q q 0 0 0 rg BT 477.73 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.56 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.28 202.10 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 172.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.97 172.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 112.83 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.15 172.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 142.22 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.31 172.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 199.93 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.68 172.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 230.44 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.53 172.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 288.71 172.10 Td (with ) Tj ET Q q 0 0 0 rg BT 309.80 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 317.56 172.10 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 367.51 172.10 Td (Event, ) Tj ET Q q 0 0 0 rg BT 396.65 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.18 172.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 458.80 172.10 Td (price ) Tj ET Q q 0 0 0 rg BT 482.10 172.10 Td (will ) Tj ET Q q 0 0 0 rg BT 500.97 172.10 Td (be ) Tj ET Q q 0 0 0 rg BT 513.72 172.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 538.69 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 172.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 88.43 160.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 121.31 160.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 170.86 160.10 Td (on ) Tj ET Q q 0 0 0 rg BT 183.74 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.84 160.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 221.17 160.10 Td (as ) Tj ET Q q 0 0 0 rg BT 232.38 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.60 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.70 160.10 Td (date ) Tj ET Q q 0 0 0 rg BT 278.24 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.45 160.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 335.64 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.97 160.10 Td (will ) Tj ET Q q 0 0 0 rg BT 371.41 160.10 Td (not ) Tj ET Q q 0 0 0 rg BT 387.07 160.10 Td (include ) Tj ET Q q 0 0 0 rg BT 419.39 160.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 453.36 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.68 160.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 500.78 160.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 535.60 160.10 Td (If ) Tj ET Q q 0 0 0 rg BT 545.15 160.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.01 160.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 74.96 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.93 148.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 117.68 148.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 183.19 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.16 148.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 239.23 148.10 Td (with ) Tj ET Q q 0 0 0 rg BT 259.21 148.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.84 148.10 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 314.68 148.10 Td (Event, ) Tj ET Q q 0 0 0 rg BT 342.71 148.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 359.57 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.76 148.10 Td (will ) Tj ET Q q 0 0 0 rg BT 379.51 148.10 Td (not ) Tj ET Q q 0 0 0 rg BT 394.49 148.10 Td (be ) Tj ET Q q 0 0 0 rg BT 406.12 148.10 Td (required ) Tj ET Q q 0 0 0 rg BT 441.64 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.61 148.10 Td (take ) Tj ET Q q 0 0 0 rg BT 470.46 148.10 Td (any ) Tj ET Q q 0 0 0 rg BT 487.10 148.10 Td (action ) Tj ET Q q 0 0 0 rg BT 513.73 148.10 Td (with ) Tj ET Q q 0 0 0 rg BT 533.70 148.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.07 136.10 Td (any ) Tj ET Q q 0 0 0 rg BT 76.79 136.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 102.98 136.10 Td (suf) Tj ET Q q 0 0 0 rg BT 115.02 136.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 137.84 136.10 Td (until ) Tj ET Q q 0 0 0 rg BT 158.47 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.97 136.10 Td (ef) Tj ET Q q 0 0 0 rg BT 180.56 136.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 207.27 136.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 229.00 136.10 Td (is ) Tj ET Q q 0 0 0 rg BT 237.96 136.10 Td (at ) Tj ET Q q 0 0 0 rg BT 247.47 136.10 Td (least ) Tj ET Q q 0 0 0 rg BT 268.08 136.10 Td (one ) Tj ET Q q 0 0 0 rg BT 284.81 136.10 Td (hundred ) Tj ET Q q 0 0 0 rg BT 319.87 136.10 Td (twenty ) Tj ET Q q 0 0 0 rg BT 349.37 136.10 Td (\(120\) ) Tj ET Q q 0 0 0 rg BT 373.32 136.10 Td (days ) Tj ET Q q 0 0 0 rg BT 393.94 136.10 Td (past ) Tj ET Q q 0 0 0 rg BT 412.34 136.10 Td (due. ) Tj ET Q q 0 0 0 rg BT 431.56 136.10 Td (For ) Tj ET Q q 0 0 0 rg BT 447.75 136.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 485.59 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.21 136.10 Td (indemnification, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 124.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.10 124.10 Td (will ) Tj ET Q q 0 0 0 rg BT 86.89 124.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 124.66 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.12 124.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 165.25 124.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 202.48 124.10 Td (from ) Tj ET Q q 0 0 0 rg BT 224.16 124.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 275.83 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.40 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.08 124.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 314.75 124.10 Td (based ) Tj ET Q q 0 0 0 rg BT 339.76 124.10 Td (on ) Tj ET Q q 0 0 0 rg BT 352.00 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.46 124.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 404.24 124.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 436.47 124.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 485.37 124.10 Td (on ) Tj ET Q q 0 0 0 rg BT 497.61 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.07 124.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 536.25 124.10 Td (If ) Tj ET Q q 0 0 0 rg BT 545.14 124.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.00 124.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 77.91 112.10 Td (an ) Tj ET Q q 0 0 0 rg BT 89.72 112.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 155.40 112.10 Td (payment, ) Tj ET Q q 0 0 0 rg BT 194.70 112.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 211.56 112.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.92 112.10 Td (will ) Tj ET Q q 0 0 0 rg BT 231.85 112.10 Td (be ) Tj ET Q q 0 0 0 rg BT 243.65 112.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 276.01 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.15 112.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 311.28 112.10 Td (any ) Tj ET Q q 0 0 0 rg BT 328.08 112.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 374.89 112.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 418.34 112.10 Td (that ) Tj ET Q q 0 0 0 rg BT 435.70 112.10 Td (it ) Tj ET Q q 0 0 0 rg BT 443.62 112.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 478.74 112.10 Td (on ) Tj ET Q q 0 0 0 rg BT 491.11 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.69 112.10 Td (ef) Tj ET Q q 0 0 0 rg BT 513.28 112.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 540.07 112.10 Td (Note.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.10 Td (If ) Tj ET Q q 0 0 0 rg BT 93.97 82.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 110.83 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.14 82.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 160.65 82.10 Td (any ) Tj ET Q q 0 0 0 rg BT 176.40 82.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 203.54 82.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 222.64 82.10 Td (will ) Tj ET Q q 0 0 0 rg BT 239.50 82.10 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 291.35 82.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 335.96 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.49 82.10 Td (related ) Tj ET Q q 0 0 0 rg BT 378.00 82.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 397.10 82.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 450.61 82.10 Td (Right ) Tj ET Q q 0 0 0 rg BT 474.15 82.10 Td (for ) Tj ET Q q 0 0 0 rg BT 487.12 82.10 Td (zero ) Tj ET Q q 0 0 0 rg BT 505.64 82.10 Td (consideration.) Tj ET Q endstream endobj 157 0 obj <> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (78) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 91.39 742.25 Td (Covenant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 712.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.12 712.25 Td (is ) Tj ET Q q 0 0 0 rg BT 114.05 712.25 Td (obligated ) Tj ET Q q 0 0 0 rg BT 153.52 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 163.55 712.25 Td (use ) Tj ET Q q 0 0 0 rg BT 179.14 712.25 Td (commercially ) Tj ET Q q 0 0 0 rg BT 236.38 712.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 281.39 712.25 Td (ef) Tj ET Q q 0 0 0 rg BT 288.98 712.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 309.56 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.60 712.25 Td (service ) Tj ET Q q 0 0 0 rg BT 350.17 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.87 712.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 395.78 712.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 436.36 712.25 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 465.56 712.25 Td (in ) Tj ET Q q 0 0 0 rg BT 475.59 712.25 Td (good ) Tj ET Q q 0 0 0 rg BT 497.85 712.25 Td (faith, ) Tj ET Q q 0 0 0 rg BT 520.93 712.25 Td (accurately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.98 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 77.31 700.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 124.81 700.25 Td (with ) Tj ET Q q 0 0 0 rg BT 145.14 700.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 180.46 700.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 220.78 700.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 264.98 700.25 Td (for ) Tj ET Q q 0 0 0 rg BT 279.18 700.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 318.38 700.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 342.04 700.25 Td (such ) Tj ET Q q 0 0 0 rg BT 362.91 700.25 Td (as ) Tj ET Q q 0 0 0 rg BT 373.79 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.55 700.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 429.42 700.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 458.90 700.25 Td (If ) Tj ET Q q 0 0 0 rg BT 468.10 700.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 484.96 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 487.51 700.25 Td (refers ) Tj ET Q q 0 0 0 rg BT 512.81 700.25 Td (a ) Tj ET Q q 0 0 0 rg BT 519.80 700.25 Td (delinquent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.26 688.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 112.75 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 122.48 688.25 Td (a ) Tj ET Q q 0 0 0 rg BT 128.86 688.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 170.23 688.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 200.49 688.25 Td (within ) Tj ET Q q 0 0 0 rg BT 227.99 688.25 Td (five ) Tj ET Q q 0 0 0 rg BT 245.48 688.25 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 259.08 688.25 Td (business ) Tj ET Q q 0 0 0 rg BT 294.92 688.25 Td (days ) Tj ET Q q 0 0 0 rg BT 315.19 688.25 Td (after ) Tj ET Q q 0 0 0 rg BT 335.45 688.25 Td (it ) Tj ET Q q 0 0 0 rg BT 342.95 688.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 379.88 688.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 391.82 688.25 Td (days ) Tj ET Q q 0 0 0 rg BT 412.09 688.25 Td (past-due, ) Tj ET Q q 0 0 0 rg BT 450.42 688.25 Td (that ) Tj ET Q q 0 0 0 rg BT 467.35 688.25 Td (referral ) Tj ET Q q 0 0 0 rg BT 498.71 688.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 519.54 688.25 Td (be ) Tj ET Q q 0 0 0 rg BT 530.92 688.25 Td (deemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.19 676.25 Td (constitute ) Tj ET Q q 0 0 0 rg BT 101.47 676.25 Td (commercially ) Tj ET Q q 0 0 0 rg BT 158.86 676.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 204.02 676.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 243.08 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.93 676.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 301.76 676.25 Td (ef) Tj ET Q q 0 0 0 rg BT 309.35 676.25 Td (forts. ) Tj ET Q q 0 0 0 rg BT 332.59 676.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 349.45 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.86 676.25 Td (may) Tj ET Q q 0 0 0 rg BT 368.42 676.25 Td (, ) Tj ET Q q 0 0 0 rg BT 373.33 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.52 676.25 Td (its ) Tj ET Q q 0 0 0 rg BT 395.37 676.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 413.89 676.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 455.73 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.57 676.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 503.31 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 513.49 676.25 Td (its ) Tj ET Q q 0 0 0 rg BT 525.35 676.25 Td (servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (standard, ) Tj ET Q q 0 0 0 rg BT 88.68 664.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 109.85 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 116.59 664.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 157.21 664.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 180.06 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.14 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 196.88 664.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 238.61 664.25 Td (agency) Tj ET Q q 0 0 0 rg BT 266.28 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 271.08 664.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 292.26 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.34 664.25 Td (initiate ) Tj ET Q q 0 0 0 rg BT 332.41 664.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 354.14 664.25 Td (action ) Tj ET Q q 0 0 0 rg BT 380.88 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.96 664.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 419.91 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 426.65 664.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 467.28 664.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 490.12 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 500.76 664.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 516.95 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.69 664.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 72.26 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.75 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 87.90 652.25 Td (third ) Tj ET Q q 0 0 0 rg BT 108.50 652.25 Td (party ) Tj ET Q q 0 0 0 rg BT 130.76 652.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 149.69 652.25 Td (buyer ) Tj ET Q q 0 0 0 rg BT 174.17 652.25 Td (at ) Tj ET Q q 0 0 0 rg BT 183.10 652.25 Td (any ) Tj ET Q q 0 0 0 rg BT 199.25 652.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 221.24 652.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 238.10 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.81 652.25 Td (may ) Tj ET Q q 0 0 0 rg BT 258.74 652.25 Td (also ) Tj ET Q q 0 0 0 rg BT 276.56 652.25 Td (work ) Tj ET Q q 0 0 0 rg BT 298.83 652.25 Td (with ) Tj ET Q q 0 0 0 rg BT 318.32 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.25 652.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 370.61 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 380.10 652.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 416.80 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 422.95 652.25 Td (new ) Tj ET Q q 0 0 0 rg BT 441.33 652.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 477.47 652.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 496.40 652.25 Td (for ) Tj ET Q q 0 0 0 rg BT 509.78 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.71 652.25 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 77.02 640.25 Td (without ) Tj ET Q q 0 0 0 rg BT 110.16 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.96 640.25 Td (consent ) Tj ET Q q 0 0 0 rg BT 158.09 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.00 640.25 Td (any ) Tj ET Q q 0 0 0 rg BT 186.03 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.94 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.74 640.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 271.53 640.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 293.55 640.25 Td (holders. ) Tj ET Q q 0 0 0 rg BT 328.07 640.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 344.93 640.25 Td ( ) Tj ET Q q 0 0 0 rg BT 347.51 640.25 Td (is ) Tj ET Q q 0 0 0 rg BT 356.77 640.25 Td (obligated ) Tj ET Q q 0 0 0 rg BT 396.56 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.92 640.25 Td (use ) Tj ET Q q 0 0 0 rg BT 422.84 640.25 Td (commercially ) Tj ET Q q 0 0 0 rg BT 480.40 640.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 525.73 640.25 Td (ef) Tj ET Q q 0 0 0 rg BT 533.32 640.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 554.23 640.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 87.42 628.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 122.06 628.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 161.15 628.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 217.44 628.25 Td (for ) Tj ET Q q 0 0 0 rg BT 231.53 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.18 628.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 286.93 628.25 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 316.30 628.25 Td (It ) Tj ET Q q 0 0 0 rg BT 324.84 628.25 Td (has ) Tj ET Q q 0 0 0 rg BT 340.61 628.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 372.46 628.25 Td (into ) Tj ET Q q 0 0 0 rg BT 390.45 628.25 Td (a ) Tj ET Q q 0 0 0 rg BT 397.32 628.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 431.96 628.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 471.04 628.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 523.45 628.25 Td (with ) Tj ET Q q 0 0 0 rg BT 543.66 628.25 Td (First ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (Associates ) Tj ET Q q 0 0 0 rg BT 95.08 616.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 117.94 616.25 Td (Servicing, ) Tj ET Q q 0 0 0 rg BT 161.08 616.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 182.28 616.25 Td (\("First ) Tj ET Q q 0 0 0 rg BT 209.83 616.25 Td (Associates"\) ) Tj ET Q q 0 0 0 rg BT 262.32 616.25 Td (a ) Tj ET Q q 0 0 0 rg BT 269.07 616.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.36 616.25 Td (services ) Tj ET Q q 0 0 0 rg BT 340.88 616.25 Td (company ) Tj ET Q q 0 0 0 rg BT 379.85 616.25 Td (that ) Tj ET Q q 0 0 0 rg BT 397.16 616.25 Td (has ) Tj ET Q q 0 0 0 rg BT 412.80 616.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 444.54 616.25 Td (into ) Tj ET Q q 0 0 0 rg BT 462.40 616.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 504.16 616.25 Td (successor ) Tj ET Q q 0 0 0 rg BT 544.79 616.25 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 89.98 604.25 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 141.33 604.25 Td (It ) Tj ET Q q 0 0 0 rg BT 150.76 604.25 Td (is ) Tj ET Q q 0 0 0 rg BT 160.76 604.25 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 196.85 604.25 Td (that ) Tj ET Q q 0 0 0 rg BT 215.17 604.25 Td (First ) Tj ET Q q 0 0 0 rg BT 236.10 604.25 Td (Associates ) Tj ET Q q 0 0 0 rg BT 282.19 604.25 Td (would ) Tj ET Q q 0 0 0 rg BT 310.51 604.25 Td (be ) Tj ET Q q 0 0 0 rg BT 323.28 604.25 Td (able ) Tj ET Q q 0 0 0 rg BT 343.25 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.35 604.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 389.88 604.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 430.42 604.25 Td (other ) Tj ET Q q 0 0 0 rg BT 454.29 604.25 Td (than ) Tj ET Q q 0 0 0 rg BT 474.83 604.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 514.81 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.35 604.25 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.20 592.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 116.52 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.83 592.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 160.54 592.25 Td (For ) Tj ET Q q 0 0 0 rg BT 176.31 592.25 Td (instance, ) Tj ET Q q 0 0 0 rg BT 213.46 592.25 Td (First ) Tj ET Q q 0 0 0 rg BT 233.26 592.25 Td (Associates ) Tj ET Q q 0 0 0 rg BT 277.91 592.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 302.56 592.25 Td (would ) Tj ET Q q 0 0 0 rg BT 329.44 592.25 Td (not ) Tj ET Q q 0 0 0 rg BT 344.10 592.25 Td (be ) Tj ET Q q 0 0 0 rg BT 355.41 592.25 Td (able ) Tj ET Q q 0 0 0 rg BT 373.95 592.25 Td (to ) Tj ET Q q 0 0 0 rg BT 383.60 592.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 420.46 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.55 592.25 Td (creation ) Tj ET Q q 0 0 0 rg BT 468.64 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.84 592.25 Td (new ) Tj ET Q q 0 0 0 rg BT 497.38 592.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.58 592.25 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (through ) Tj ET Q q 0 0 0 rg BT 83.61 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.33 580.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 149.69 580.25 Td (or ) Tj ET Q q 0 0 0 rg BT 160.52 580.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 194.12 580.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 219.55 580.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 262.59 580.25 Td (ef) Tj ET Q q 0 0 0 rg BT 270.18 580.25 Td (forts. ) Tj ET Q q 0 0 0 rg BT 293.51 580.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 310.37 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 312.87 580.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 348.14 580.25 Td (that ) Tj ET Q q 0 0 0 rg BT 365.64 580.25 Td (it ) Tj ET Q q 0 0 0 rg BT 373.70 580.25 Td (could ) Tj ET Q q 0 0 0 rg BT 398.42 580.25 Td (find ) Tj ET Q q 0 0 0 rg BT 417.03 580.25 Td (one ) Tj ET Q q 0 0 0 rg BT 433.97 580.25 Td (or ) Tj ET Q q 0 0 0 rg BT 444.80 580.25 Td (more ) Tj ET Q q 0 0 0 rg BT 467.85 580.25 Td (other ) Tj ET Q q 0 0 0 rg BT 490.90 580.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 520.06 580.25 Td (who ) Tj ET Q q 0 0 0 rg BT 539.78 580.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 84.86 568.25 Td (these ) Tj ET Q q 0 0 0 rg BT 108.07 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.17 568.25 Td (any ) Tj ET Q q 0 0 0 rg BT 142.26 568.25 Td (other ) Tj ET Q q 0 0 0 rg BT 165.47 568.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 205.34 568.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 246.87 568.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.30 568.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 278.85 568.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 310.93 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.80 568.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 377.32 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 387.75 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 402.63 568.25 Td (absence ) Tj ET Q q 0 0 0 rg BT 436.93 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.92 568.25 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 470.86 568.25 Td (However) Tj ET Q q 0 0 0 rg BT 507.11 568.25 Td (, ) Tj ET Q q 0 0 0 rg BT 512.27 568.25 Td (it ) Tj ET Q q 0 0 0 rg BT 520.48 568.25 Td (could ) Tj ET Q q 0 0 0 rg BT 545.36 568.25 Td (take ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (some ) Tj ET Q q 0 0 0 rg BT 73.50 556.25 Td (time ) Tj ET Q q 0 0 0 rg BT 93.67 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.85 556.25 Td (find ) Tj ET Q q 0 0 0 rg BT 122.35 556.25 Td (another ) Tj ET Q q 0 0 0 rg BT 154.74 556.25 Td (such ) Tj ET Q q 0 0 0 rg BT 175.46 556.25 Td (party ) Tj ET Q q 0 0 0 rg BT 198.41 556.25 Td (or ) Tj ET Q q 0 0 0 rg BT 209.13 556.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 238.18 556.25 Td (who ) Tj ET Q q 0 0 0 rg BT 257.80 556.25 Td (could ) Tj ET Q q 0 0 0 rg BT 282.42 556.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 317.02 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.63 556.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 372.90 556.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 412.51 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.34 556.25 Td (it ) Tj ET Q q 0 0 0 rg BT 437.30 556.25 Td (could ) Tj ET Q q 0 0 0 rg BT 461.91 556.25 Td (take ) Tj ET Q q 0 0 0 rg BT 480.96 556.25 Td (such ) Tj ET Q q 0 0 0 rg BT 501.69 556.25 Td (party ) Tj ET Q q 0 0 0 rg BT 524.63 556.25 Td (or ) Tj ET Q q 0 0 0 rg BT 535.36 556.25 Td (parties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 93.20 544.25 Td (time ) Tj ET Q q 0 0 0 rg BT 114.18 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.17 544.25 Td (become ) Tj ET Q q 0 0 0 rg BT 159.47 544.25 Td (comfortable ) Tj ET Q q 0 0 0 rg BT 210.99 544.25 Td (with ) Tj ET Q q 0 0 0 rg BT 231.98 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.41 544.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 288.38 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.92 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.35 544.25 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 369.21 544.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 389.64 544.25 Td (such ) Tj ET Q q 0 0 0 rg BT 411.18 544.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 436.04 544.25 Td (should ) Tj ET Q q 0 0 0 rg BT 465.92 544.25 Td (not ) Tj ET Q q 0 0 0 rg BT 481.91 544.25 Td (af) Tj ET Q q 0 0 0 rg BT 489.50 544.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 507.69 544.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 542.56 544.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (holders, ) Tj ET Q q 0 0 0 rg BT 83.79 532.25 Td (because ) Tj ET Q q 0 0 0 rg BT 117.28 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.35 532.25 Td (back-up ) Tj ET Q q 0 0 0 rg BT 165.41 532.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 198.90 532.25 Td (should ) Tj ET Q q 0 0 0 rg BT 227.42 532.25 Td (be ) Tj ET Q q 0 0 0 rg BT 238.71 532.25 Td (able ) Tj ET Q q 0 0 0 rg BT 257.21 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.84 532.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 303.13 532.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 341.63 532.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 375.14 532.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 398.10 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.39 532.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 442.07 532.25 Td (but ) Tj ET Q q 0 0 0 rg BT 456.70 532.25 Td (it ) Tj ET Q q 0 0 0 rg BT 464.10 532.25 Td (could ) Tj ET Q q 0 0 0 rg BT 488.17 532.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 511.68 532.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 536.45 532.25 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.19 520.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 97.58 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.21 520.25 Td (creation ) Tj ET Q q 0 0 0 rg BT 146.82 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.56 520.25 Td (new ) Tj ET Q q 0 0 0 rg BT 176.64 520.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 200.16 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.01 520.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 239.42 520.25 Td (new ) Tj ET Q q 0 0 0 rg BT 258.49 520.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 284.23 520.25 Td (through ) Tj ET Q q 0 0 0 rg BT 317.75 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.38 520.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 386.15 520.25 Td (which ) Tj ET Q q 0 0 0 rg BT 413.00 520.25 Td (could ) Tj ET Q q 0 0 0 rg BT 437.63 520.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 478.36 520.25 Td (af) Tj ET Q q 0 0 0 rg BT 485.95 520.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 503.34 520.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 528.68 520.25 Td (finances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 508.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 106.09 508.25 Td (relationships.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 478.25 Td (In ) Tj ET Q q 0 0 0 rg BT 95.59 478.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 133.50 478.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 173.08 478.25 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 201.28 478.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 218.14 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.40 478.25 Td (may) Tj ET Q q 0 0 0 rg BT 235.97 478.25 Td (, ) Tj ET Q q 0 0 0 rg BT 239.73 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 248.77 478.25 Td (its ) Tj ET Q q 0 0 0 rg BT 259.48 478.25 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 302.67 478.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 328.92 478.25 Td (af) Tj ET Q q 0 0 0 rg BT 336.51 478.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 366.09 478.25 Td (or ) Tj ET Q q 0 0 0 rg BT 375.68 478.25 Td (unaf) Tj ET Q q 0 0 0 rg BT 393.27 478.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 422.85 478.25 Td (third ) Tj ET Q q 0 0 0 rg BT 442.99 478.25 Td (party ) Tj ET Q q 0 0 0 rg BT 464.80 478.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 483.28 478.25 Td (servicers, ) Tj ET Q q 0 0 0 rg BT 522.57 478.25 Td (collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 86.77 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 97.44 466.25 Td (other ) Tj ET Q q 0 0 0 rg BT 120.34 466.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 148.23 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 158.90 466.25 Td (contractors. ) Tj ET Q q 0 0 0 rg BT 207.66 466.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 227.22 466.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 280.67 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 291.34 466.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 344.78 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.46 466.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 394.45 466.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 431.23 466.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 455.79 466.25 Td (that ) Tj ET Q q 0 0 0 rg BT 473.13 466.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 489.99 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 492.34 466.25 Td (approves ) Tj ET Q q 0 0 0 rg BT 530.78 466.25 Td (must ) Tj ET Q q 0 0 0 rg BT 552.58 466.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (done ) Tj ET Q q 0 0 0 rg BT 71.09 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 80.52 454.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 128.26 454.25 Td (with ) Tj ET Q q 0 0 0 rg BT 147.69 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.55 454.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 199.86 454.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 235.39 454.25 Td (described ) Tj ET Q q 0 0 0 rg BT 275.35 454.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 303.38 454.25 Td (which ) Tj ET Q q 0 0 0 rg BT 329.47 454.25 Td (means ) Tj ET Q q 0 0 0 rg BT 356.67 454.25 Td (that ) Tj ET Q q 0 0 0 rg BT 373.31 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.18 454.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 420.47 454.25 Td (must ) Tj ET Q q 0 0 0 rg BT 441.57 454.25 Td (make ) Tj ET Q q 0 0 0 rg BT 464.88 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.97 454.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 515.37 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 531.46 454.25 Td (prudent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 109.75 442.25 Td (that ) Tj ET Q q 0 0 0 rg BT 128.96 442.25 Td (any ) Tj ET Q q 0 0 0 rg BT 147.61 442.25 Td (such ) Tj ET Q q 0 0 0 rg BT 170.15 442.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 225.46 442.25 Td (is ) Tj ET Q q 0 0 0 rg BT 236.34 442.25 Td (not ) Tj ET Q q 0 0 0 rg BT 253.33 442.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 298.08 442.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 332.83 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.82 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.25 442.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 398.79 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.33 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.76 442.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 451.41 442.25 Td (holders. ) Tj ET Q q 0 0 0 rg BT 487.25 442.25 Td (The ) Tj ET Q q 0 0 0 rg BT 507.01 442.25 Td (modifications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 107.29 430.25 Td (by ) Tj ET Q q 0 0 0 rg BT 120.72 430.25 Td (this ) Tj ET Q q 0 0 0 rg BT 138.59 430.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 178.67 430.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 219.88 430.25 Td (would ) Tj ET Q q 0 0 0 rg BT 248.30 430.25 Td (be ) Tj ET Q q 0 0 0 rg BT 261.16 430.25 Td (made ) Tj ET Q q 0 0 0 rg BT 286.25 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 297.45 430.25 Td (situations, ) Tj ET Q q 0 0 0 rg BT 341.71 430.25 Td (common ) Tj ET Q q 0 0 0 rg BT 380.13 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.33 430.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 411.98 430.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 452.06 430.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 488.26 430.25 Td (practices, ) Tj ET Q q 0 0 0 rg BT 529.72 430.25 Td (where ) Tj ET Q q 0 0 0 rg BT 557.57 430.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 95.03 418.25 Td (forbearance ) Tj ET Q q 0 0 0 rg BT 144.50 418.25 Td (or ) Tj ET Q q 0 0 0 rg BT 155.11 418.25 Td (extension ) Tj ET Q q 0 0 0 rg BT 195.71 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.32 418.25 Td (time ) Tj ET Q q 0 0 0 rg BT 226.38 418.25 Td (for ) Tj ET Q q 0 0 0 rg BT 240.32 418.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 277.03 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 287.09 418.25 Td (be ) Tj ET Q q 0 0 0 rg BT 298.81 418.25 Td (received ) Tj ET Q q 0 0 0 rg BT 334.95 418.25 Td (would ) Tj ET Q q 0 0 0 rg BT 362.23 418.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 394.50 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 401.22 418.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 440.15 418.25 Td (from ) Tj ET Q q 0 0 0 rg BT 461.87 418.25 Td (defaulting ) Tj ET Q q 0 0 0 rg BT 504.69 418.25 Td (entirely ) Tj ET Q q 0 0 0 rg BT 537.51 418.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 418.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 69.34 406.25 Td (or ) Tj ET Q q 0 0 0 rg BT 79.79 406.25 Td (filing ) Tj ET Q q 0 0 0 rg BT 103.58 406.25 Td (for ) Tj ET Q q 0 0 0 rg BT 117.36 406.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 161.69 406.25 Td (. ) Tj ET Q q 0 0 0 rg BT 166.32 406.25 Td (From ) Tj ET Q q 0 0 0 rg BT 190.11 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.45 406.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 226.01 406.25 Td (holder's ) Tj ET Q q 0 0 0 rg BT 259.37 406.25 Td (perspective, ) Tj ET Q q 0 0 0 rg BT 309.52 406.25 Td (such ) Tj ET Q q 0 0 0 rg BT 329.97 406.25 Td (modifications ) Tj ET Q q 0 0 0 rg BT 387.08 406.25 Td (would ) Tj ET Q q 0 0 0 rg BT 414.21 406.25 Td (only ) Tj ET Q q 0 0 0 rg BT 434.11 406.25 Td (be ) Tj ET Q q 0 0 0 rg BT 445.67 406.25 Td (employed ) Tj ET Q q 0 0 0 rg BT 487.22 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.12 406.25 Td (situations ) Tj ET Q q 0 0 0 rg BT 537.58 406.25 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 394.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 87.19 394.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 105.25 394.25 Td (would ) Tj ET Q q 0 0 0 rg BT 132.75 394.25 Td (be ) Tj ET Q q 0 0 0 rg BT 144.69 394.25 Td (avoided.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 364.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.76 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.41 364.25 Td (event ) Tj ET Q q 0 0 0 rg BT 135.50 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.15 364.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 174.79 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.56 364.25 Td (any ) Tj ET Q q 0 0 0 rg BT 202.43 364.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 243.18 364.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 266.16 364.25 Td (are ) Tj ET Q q 0 0 0 rg BT 280.79 364.25 Td (modified, ) Tj ET Q q 0 0 0 rg BT 321.83 364.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 342.04 364.25 Td (will ) Tj ET Q q 0 0 0 rg BT 360.03 364.25 Td (notify ) Tj ET Q q 0 0 0 rg BT 386.35 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.00 364.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 460.64 364.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 482.51 364.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 514.38 364.25 Td (via ) Tj ET Q q 0 0 0 rg BT 529.03 364.25 Td (email ) Tj ET Q q 0 0 0 rg BT 553.67 364.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.96 352.25 Td (material ) Tj ET Q q 0 0 0 rg BT 100.46 352.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 125.41 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.49 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.44 352.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 192.50 352.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 215.79 352.25 Td (modifications ) Tj ET Q q 0 0 0 rg BT 273.52 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.70 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.66 352.25 Td (ef) Tj ET Q q 0 0 0 rg BT 313.25 352.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 330.97 352.25 Td (such ) Tj ET Q q 0 0 0 rg BT 352.04 352.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 386.99 352.25 Td (will ) Tj ET Q q 0 0 0 rg BT 405.29 352.25 Td (have ) Tj ET Q q 0 0 0 rg BT 426.91 352.25 Td (on ) Tj ET Q q 0 0 0 rg BT 439.65 352.25 Td (their ) Tj ET Q q 0 0 0 rg BT 460.71 352.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 489.28 352.25 Td (including ) Tj ET Q q 0 0 0 rg BT 529.80 352.25 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 340.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 101.10 340.25 Td (they ) Tj ET Q q 0 0 0 rg BT 120.82 340.25 Td (will ) Tj ET Q q 0 0 0 rg BT 138.88 340.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 170.24 340.25 Td (under ) Tj ET Q q 0 0 0 rg BT 195.51 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.22 340.25 Td (Notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 114.75 310.25 Td (Covenants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 280.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 106.28 280.25 Td (is ) Tj ET Q q 0 0 0 rg BT 116.36 280.25 Td (obligated ) Tj ET Q q 0 0 0 rg BT 156.99 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 168.19 280.25 Td (use, ) Tj ET Q q 0 0 0 rg BT 187.44 280.25 Td (or ) Tj ET Q q 0 0 0 rg BT 199.18 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 210.38 280.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 236.00 280.25 Td (a ) Tj ET Q q 0 0 0 rg BT 243.86 280.25 Td (third ) Tj ET Q q 0 0 0 rg BT 266.16 280.25 Td (party ) Tj ET Q q 0 0 0 rg BT 290.13 280.25 Td (administrator ) Tj ET Q q 0 0 0 rg BT 346.86 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.06 280.25 Td (use ) Tj ET Q q 0 0 0 rg BT 374.80 280.25 Td (\(which ) Tj ET Q q 0 0 0 rg BT 405.99 280.25 Td (may ) Tj ET Q q 0 0 0 rg BT 426.62 280.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 461.97 280.25 Td (for ) Tj ET Q q 0 0 0 rg BT 477.05 280.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 516.84 280.25 Td (PMI ) Tj ET Q q 0 0 0 rg BT 538.04 280.25 Td (as ) Tj ET Q q 0 0 0 rg BT 549.79 280.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 92.05 268.25 Td (Administrator\), ) Tj ET Q q 0 0 0 rg BT 156.63 268.25 Td (commercially ) Tj ET Q q 0 0 0 rg BT 214.26 268.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 259.66 268.25 Td (ef) Tj ET Q q 0 0 0 rg BT 267.25 268.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 288.23 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 298.65 268.25 Td (administer ) Tj ET Q q 0 0 0 rg BT 343.51 268.25 Td (its ) Tj ET Q q 0 0 0 rg BT 355.61 268.25 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 401.58 268.25 Td (business ) Tj ET Q q 0 0 0 rg BT 438.12 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.20 268.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 499.51 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.60 268.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 549.79 268.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.22 256.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 133.09 256.25 Td (services ) Tj ET Q q 0 0 0 rg BT 167.97 256.25 Td (described ) Tj ET Q q 0 0 0 rg BT 208.95 256.25 Td (under ) Tj ET Q q 0 0 0 rg BT 234.39 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.27 256.25 Td (heading ) Tj ET Q q 0 0 0 rg BT 283.60 256.25 Td ("Corporate ) Tj ET Q q 0 0 0 rg BT 329.74 256.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 392.96 256.25 Td (Services" ) Tj ET Q q 0 0 0 rg BT 433.59 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.04 256.25 Td (this ) Tj ET Q q 0 0 0 rg BT 461.15 256.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 506.59 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.04 256.25 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 244.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 105.56 244.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 145.83 244.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 189.98 244.25 Td (for ) Tj ET Q q 0 0 0 rg BT 204.14 244.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 263.85 244.25 Td (services ) Tj ET Q q 0 0 0 rg BT 298.55 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.38 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.10 244.25 Td (same ) Tj ET Q q 0 0 0 rg BT 347.15 244.25 Td (general ) Tj ET Q q 0 0 0 rg BT 379.07 244.25 Td (type ) Tj ET Q q 0 0 0 rg BT 398.79 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.73 244.25 Td (character) Tj ET Q q 0 0 0 rg BT 451.81 244.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 214.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.65 214.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 134.24 214.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 151.10 214.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.42 214.25 Td (is ) Tj ET Q q 0 0 0 rg BT 162.41 214.25 Td (obligated ) Tj ET Q q 0 0 0 rg BT 201.94 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.04 214.25 Td (use, ) Tj ET Q q 0 0 0 rg BT 230.19 214.25 Td (or ) Tj ET Q q 0 0 0 rg BT 240.84 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 250.94 214.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 275.46 214.25 Td (a ) Tj ET Q q 0 0 0 rg BT 282.22 214.25 Td (third ) Tj ET Q q 0 0 0 rg BT 303.43 214.25 Td (party ) Tj ET Q q 0 0 0 rg BT 326.29 214.25 Td (administrator ) Tj ET Q q 0 0 0 rg BT 381.93 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.03 214.25 Td (use ) Tj ET Q q 0 0 0 rg BT 407.68 214.25 Td (\(which ) Tj ET Q q 0 0 0 rg BT 437.77 214.25 Td (may ) Tj ET Q q 0 0 0 rg BT 457.30 214.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 491.56 214.25 Td (for ) Tj ET Q q 0 0 0 rg BT 505.54 214.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 544.23 214.25 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.22 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.32 202.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 99.76 202.25 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 151.98 202.25 Td (Administrator\), ) Tj ET Q q 0 0 0 rg BT 216.80 202.25 Td (commercially ) Tj ET Q q 0 0 0 rg BT 274.67 202.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 320.31 202.25 Td (ef) Tj ET Q q 0 0 0 rg BT 327.90 202.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 349.11 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.78 202.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 393.76 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.87 202.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 460.61 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 477.94 202.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 511.37 202.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 541.46 202.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (marketplace-related ) Tj ET Q q 0 0 0 rg BT 131.40 190.25 Td (services ) Tj ET Q q 0 0 0 rg BT 165.62 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.41 190.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 222.39 190.25 Td (with ) Tj ET Q q 0 0 0 rg BT 242.18 190.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 276.97 190.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 316.75 190.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 360.42 190.25 Td (for ) Tj ET Q q 0 0 0 rg BT 374.10 190.25 Td (online ) Tj ET Q q 0 0 0 rg BT 401.10 190.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 425.88 190.25 Td (platforms ) Tj ET Q q 0 0 0 rg BT 466.22 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.56 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.79 190.25 Td (same ) Tj ET Q q 0 0 0 rg BT 513.35 190.25 Td (general ) Tj ET Q q 0 0 0 rg BT 544.79 190.25 Td (type ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 178.25 Td (character ) Tj ET Q q 0 0 0 rg BT 106.07 178.25 Td (as ) Tj ET Q q 0 0 0 rg BT 116.90 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.62 178.25 Td (marketplace.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (Notification ) Tj ET Q q 0 0 0 rg BT 101.94 148.25 Td (Requirements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 118.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.97 118.25 Td (keeps ) Tj ET Q q 0 0 0 rg BT 129.85 118.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 168.07 118.25 Td (apprised ) Tj ET Q q 0 0 0 rg BT 204.06 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.50 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.83 118.25 Td (delinquency ) Tj ET Q q 0 0 0 rg BT 279.82 118.25 Td (status ) Tj ET Q q 0 0 0 rg BT 304.71 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.15 118.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 355.58 118.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 382.13 118.25 Td (by ) Tj ET Q q 0 0 0 rg BT 394.24 118.25 Td (identifying ) Tj ET Q q 0 0 0 rg BT 440.24 118.25 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 484.56 118.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 507.78 118.25 Td (on ) Tj ET Q q 0 0 0 rg BT 519.89 118.25 Td (its ) Tj ET Q q 0 0 0 rg BT 531.45 118.25 Td (website ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.06 106.25 Td ("1 ) Tj ET Q q 0 0 0 rg BT 72.87 106.25 Td (month ) Tj ET Q q 0 0 0 rg BT 101.15 106.25 Td (late," ) Tj ET Q q 0 0 0 rg BT 124.89 106.25 Td ("2 ) Tj ET Q q 0 0 0 rg BT 136.70 106.25 Td (months ) Tj ET Q q 0 0 0 rg BT 168.88 106.25 Td (late," ) Tj ET Q q 0 0 0 rg BT 192.62 106.25 Td ("3 ) Tj ET Q q 0 0 0 rg BT 204.43 106.25 Td (months ) Tj ET Q q 0 0 0 rg BT 236.60 106.25 Td (late," ) Tj ET Q q 0 0 0 rg BT 260.35 106.25 Td (or ) Tj ET Q q 0 0 0 rg BT 271.40 106.25 Td ("current." ) Tj ET Q q 0 0 0 rg BT 313.11 106.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 354.16 106.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 381.32 106.25 Td (that ) Tj ET Q q 0 0 0 rg BT 399.05 106.25 Td (become ) Tj ET Q q 0 0 0 rg BT 432.87 106.25 Td (more ) Tj ET Q q 0 0 0 rg BT 456.14 106.25 Td (than ) Tj ET Q q 0 0 0 rg BT 476.08 106.25 Td (120 ) Tj ET Q q 0 0 0 rg BT 493.81 106.25 Td (days ) Tj ET Q q 0 0 0 rg BT 514.87 106.25 Td (overdue ) Tj ET Q q 0 0 0 rg BT 549.80 106.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 94.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 84.41 94.25 Td (of) Tj ET Q q 0 0 0 rg BT 92.56 94.25 Td (f ) Tj ET Q q 0 0 0 rg BT 98.84 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.22 94.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 161.93 94.25 Td (as ) Tj ET Q q 0 0 0 rg BT 173.21 94.25 Td (such ) Tj ET Q q 0 0 0 rg BT 194.48 94.25 Td (on ) Tj ET Q q 0 0 0 rg BT 207.43 94.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 233.30 94.25 Td (website. ) Tj ET Q q 0 0 0 rg BT 269.29 94.25 Td (Investors ) Tj ET Q q 0 0 0 rg BT 308.90 94.25 Td (are ) Tj ET Q q 0 0 0 rg BT 324.05 94.25 Td (able ) Tj ET Q q 0 0 0 rg BT 343.65 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.37 94.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 388.99 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.15 94.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 445.41 94.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 472.80 94.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 532.95 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 543.68 94.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 78.33 82.25 Td (but ) Tj ET Q q 0 0 0 rg BT 93.61 82.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 122.76 82.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 167.46 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.74 82.25 Td (or ) Tj ET Q q 0 0 0 rg BT 188.57 82.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 229.95 82.25 Td (intervene ) Tj ET Q q 0 0 0 rg BT 269.65 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 279.93 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.64 82.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 336.57 82.25 Td (process.) Tj ET Q endstream endobj 159 0 obj <> endobj 160 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.39 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.56 742.10 Td (default ) Tj ET Q q 0 0 0 rg BT 133.06 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 153.56 742.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 184.61 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.12 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.07 742.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 236.13 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.19 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 264.36 742.10 Td (series ) Tj ET Q q 0 0 0 rg BT 289.86 742.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 318.69 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.86 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 345.26 742.10 Td (continuing, ) Tj ET Q q 0 0 0 rg BT 393.26 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.43 742.10 Td (if ) Tj ET Q q 0 0 0 rg BT 419.27 742.10 Td (it ) Tj ET Q q 0 0 0 rg BT 427.56 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 436.96 742.10 Td (known ) Tj ET Q q 0 0 0 rg BT 466.91 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.42 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.37 742.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 532.86 742.10 Td (trustee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.52 730.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 93.49 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 102.46 730.10 Td (required ) Tj ET Q q 0 0 0 rg BT 138.09 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.17 730.10 Td (notify ) Tj ET Q q 0 0 0 rg BT 174.37 730.10 Td (each ) Tj ET Q q 0 0 0 rg BT 194.99 730.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 222.84 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.48 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.00 730.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 273.64 730.10 Td (within ) Tj ET Q q 0 0 0 rg BT 301.50 730.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 313.81 730.10 Td (days ) Tj ET Q q 0 0 0 rg BT 334.45 730.10 Td (after ) Tj ET Q q 0 0 0 rg BT 355.07 730.10 Td (it ) Tj ET Q q 0 0 0 rg BT 362.93 730.10 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 393.67 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 411.53 730.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 440.49 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 460.01 730.10 Td (withhold ) Tj ET Q q 0 0 0 rg BT 497.88 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.40 730.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 539.14 730.10 Td (if ) Tj ET Q q 0 0 0 rg BT 547.56 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (so ) Tj ET Q q 0 0 0 rg BT 60.67 718.10 Td (long ) Tj ET Q q 0 0 0 rg BT 80.22 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 90.32 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.53 718.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 140.52 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.62 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 161.84 718.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 181.39 718.10 Td (of) Tj ET Q q 0 0 0 rg BT 189.54 718.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 213.52 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.08 718.10 Td (good ) Tj ET Q q 0 0 0 rg BT 244.85 718.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 264.95 718.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 310.60 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 327.36 718.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 377.47 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.46 718.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 417.67 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 426.12 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.67 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.66 718.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 484.76 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.86 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.85 718.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 530.06 718.10 Td (holders, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (except ) Tj ET Q q 0 0 0 rg BT 78.59 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 92.75 706.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 126.91 706.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 156.62 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 169.12 706.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 194.54 706.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 223.13 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.41 706.10 Td (make ) Tj ET Q q 0 0 0 rg BT 257.57 706.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 295.61 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.55 706.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 344.48 706.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 385.31 706.10 Td (when ) Tj ET Q q 0 0 0 rg BT 409.47 706.10 Td (required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 676.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.09 676.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 133.12 676.10 Td (if ) Tj ET Q q 0 0 0 rg BT 140.99 676.10 Td (required ) Tj ET Q q 0 0 0 rg BT 176.06 676.10 Td (by ) Tj ET Q q 0 0 0 rg BT 187.82 676.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 219.58 676.10 Td (313\(a\) ) Tj ET Q q 0 0 0 rg BT 247.44 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.53 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.37 676.10 Td (T) Tj ET Q q 0 0 0 rg BT 277.13 676.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 293.89 676.10 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 333.58 676.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 349.77 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.86 676.10 Td (1939, ) Tj ET Q q 0 0 0 rg BT 384.12 676.10 Td (within ) Tj ET Q q 0 0 0 rg BT 411.44 676.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 423.20 676.10 Td (days ) Tj ET Q q 0 0 0 rg BT 443.29 676.10 Td (after ) Tj ET Q q 0 0 0 rg BT 463.36 676.10 Td (each ) Tj ET Q q 0 0 0 rg BT 483.44 676.10 Td (May15, ) Tj ET Q q 0 0 0 rg BT 518.53 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.37 676.10 Td (T) Tj ET Q q 0 0 0 rg BT 538.13 676.10 Td (rustee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 71.10 664.10 Td (mail ) Tj ET Q q 0 0 0 rg BT 91.10 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.65 664.10 Td (transmit ) Tj ET Q q 0 0 0 rg BT 136.64 664.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 193.27 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.27 664.10 Td (each ) Tj ET Q q 0 0 0 rg BT 223.80 664.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 245.46 664.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 273.22 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.88 664.10 Td (brief ) Tj ET Q q 0 0 0 rg BT 300.97 664.10 Td (report ) Tj ET Q q 0 0 0 rg BT 327.07 664.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 350.94 664.10 Td (as ) Tj ET Q q 0 0 0 rg BT 361.49 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.04 664.10 Td (such ) Tj ET Q q 0 0 0 rg BT 392.59 664.10 Td (May ) Tj ET Q q 0 0 0 rg BT 413.14 664.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 425.35 664.10 Td (that ) Tj ET Q q 0 0 0 rg BT 442.57 664.10 Td (complies ) Tj ET Q q 0 0 0 rg BT 480.89 664.10 Td (with ) Tj ET Q q 0 0 0 rg BT 500.72 664.10 Td (T) Tj ET Q q 0 0 0 rg BT 506.48 664.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 523.70 664.10 Td (Indenture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 66.94 652.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 99.43 652.10 Td (313\(a\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Consolidation, ) Tj ET Q q 0 0 0 rg BT 112.80 622.10 Td (Merger) Tj ET Q q 0 0 0 rg BT 142.80 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 147.80 622.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 168.08 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.54 622.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.97 592.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 144.16 592.10 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 182.14 592.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 199.00 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.42 592.10 Td (from ) Tj ET Q q 0 0 0 rg BT 223.29 592.10 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 279.59 592.10 Td (with ) Tj ET Q q 0 0 0 rg BT 299.80 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 310.55 592.10 Td (mer) Tj ET Q q 0 0 0 rg BT 325.92 592.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 346.12 592.10 Td (into ) Tj ET Q q 0 0 0 rg BT 364.10 592.10 Td (another ) Tj ET Q q 0 0 0 rg BT 396.51 592.10 Td (business ) Tj ET Q q 0 0 0 rg BT 432.83 592.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 458.02 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 468.78 592.10 Td (conveying, ) Tj ET Q q 0 0 0 rg BT 515.36 592.10 Td (transferring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 580.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 91.66 580.10 Td (its ) Tj ET Q q 0 0 0 rg BT 103.60 580.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 146.09 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.03 580.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 188.86 580.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 241.91 580.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.74 580.10 Td (an ) Tj ET Q q 0 0 0 rg BT 264.68 580.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 297.72 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.00 580.10 Td (any ) Tj ET Q q 0 0 0 rg BT 324.94 580.10 Td (business ) Tj ET Q q 0 0 0 rg BT 361.33 580.10 Td (entity) Tj ET Q q 0 0 0 rg BT 383.45 580.10 Td (, ) Tj ET Q q 0 0 0 rg BT 388.45 580.10 Td (unless:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 547.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 547.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 547.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.36 547.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.53 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.25 547.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 201.52 547.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 250.11 547.10 Td (or ) Tj ET Q q 0 0 0 rg BT 260.94 547.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 291.77 547.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 325.38 547.10 Td (company ) Tj ET Q q 0 0 0 rg BT 364.54 547.10 Td (after ) Tj ET Q q 0 0 0 rg BT 385.35 547.10 Td (such ) Tj ET Q q 0 0 0 rg BT 406.18 547.10 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 465.07 547.10 Td (mer) Tj ET Q q 0 0 0 rg BT 480.43 547.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 495.70 547.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.53 547.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 524.58 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.41 547.10 Td (assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 529.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.74 529.10 Td (surviving ) Tj ET Q q 0 0 0 rg BT 166.04 529.10 Td (or ) Tj ET Q q 0 0 0 rg BT 175.89 529.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 215.17 529.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 239.47 529.10 Td (is ) Tj ET Q q 0 0 0 rg BT 247.66 529.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.62 529.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 272.92 529.10 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 323.04 529.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 352.89 529.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 385.52 529.10 Td (company) Tj ET Q q 0 0 0 rg BT 421.52 529.10 Td (, ) Tj ET Q q 0 0 0 rg BT 425.54 529.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 472.05 529.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.90 529.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 501.20 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.16 529.10 Td (it ) Tj ET Q q 0 0 0 rg BT 524.24 529.10 Td (expressly ) Tj ET Q BT /F1 10.00 Tf 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405.97 457.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 452.35 457.10 Td (have ) Tj ET Q q 0 0 0 rg BT 473.72 457.10 Td (been ) Tj ET Q q 0 0 0 rg BT 495.10 457.10 Td (complied ) Tj ET Q q 0 0 0 rg BT 534.81 457.10 Td (with.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 331.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.85 331.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 122.49 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.12 331.10 Td (some ) Tj ET Q q 0 0 0 rg BT 154.54 331.10 Td (states ) Tj ET Q q 0 0 0 rg BT 178.06 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.14 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.66 331.10 Td (United ) Tj ET Q q 0 0 0 rg BT 229.19 331.10 Td (States ) Tj ET Q q 0 0 0 rg BT 254.38 331.10 Td (may ) Tj ET Q q 0 0 0 rg BT 272.90 331.10 Td (require ) Tj ET Q q 0 0 0 rg BT 302.52 331.10 Td (that ) Tj ET Q q 0 0 0 rg BT 318.82 331.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 347.33 331.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 379.18 331.10 Td (take ) Tj ET Q q 0 0 0 rg BT 397.15 331.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 431.78 331.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 465.84 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.93 331.10 Td (definitive, ) Tj ET Q q 0 0 0 rg BT 517.05 331.10 Td (certificated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (form, ) Tj ET Q q 0 0 0 rg BT 74.65 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.69 319.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 126.16 319.10 Td (that ) Tj ET Q q 0 0 0 rg BT 143.87 319.10 Td (they ) Tj ET Q q 0 0 0 rg BT 163.79 319.10 Td (own. ) Tj ET Q q 0 0 0 rg BT 186.03 319.10 Td (This ) Tj ET Q q 0 0 0 rg BT 206.52 319.10 Td (may ) Tj ET Q q 0 0 0 rg BT 226.44 319.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 248.05 319.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.09 319.10 Td (curtail ) Tj ET Q q 0 0 0 rg BT 287.34 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.27 319.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 330.53 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.57 319.10 Td (such ) Tj ET Q q 0 0 0 rg BT 362.61 319.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 395.87 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.36 319.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 444.60 319.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 473.14 319.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 490.00 319.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.71 319.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 528.18 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.11 319.10 Td (right ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 307.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 82.78 307.10 Td (certificated ) Tj ET Q q 0 0 0 rg BT 130.24 307.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 156.07 307.10 Td (only ) Tj ET Q q 0 0 0 rg BT 176.35 307.10 Td (if ) Tj ET Q q 0 0 0 rg BT 184.96 307.10 Td (it ) Tj ET Q q 0 0 0 rg BT 193.02 307.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 239.39 307.10 Td (not ) Tj ET Q q 0 0 0 rg BT 254.67 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.95 307.10 Td (have ) Tj ET Q q 0 0 0 rg BT 286.32 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.04 307.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 326.87 307.10 Td (held ) Tj ET Q q 0 0 0 rg BT 346.59 307.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 372.97 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 383.25 307.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 425.17 307.10 Td (form.) 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 101.40 235.10 Td (on ) Tj ET Q q 0 0 0 rg BT 114.46 235.10 Td (T) Tj ET Q q 0 0 0 rg BT 120.20 235.10 Td (ransfer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.00 205.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 129.78 205.10 Td (will ) Tj ET Q q 0 0 0 rg BT 147.78 205.10 Td (not ) Tj ET Q q 0 0 0 rg BT 163.01 205.10 Td (be ) Tj ET Q q 0 0 0 rg BT 174.90 205.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 199.02 205.10 Td (on ) Tj ET Q q 0 0 0 rg BT 211.47 205.10 Td (any ) Tj ET Q q 0 0 0 rg BT 228.36 205.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 268.57 205.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 308.77 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.66 205.10 Td (all ) Tj ET Q q 0 0 0 rg BT 338.11 205.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 363.89 205.10 Td (can ) Tj ET Q q 0 0 0 rg BT 380.21 205.10 Td (be ) Tj ET Q q 0 0 0 rg BT 392.10 205.10 Td (held ) Tj ET Q q 0 0 0 rg BT 411.77 205.10 Td (only ) Tj ET Q q 0 0 0 rg BT 432.00 205.10 Td (by ) Tj ET Q q 0 0 0 rg BT 444.45 205.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 469.82 205.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 510.71 205.10 Td (The ) Tj ET Q q 0 0 0 rg BT 528.70 205.10 Td (registrar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.42 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.40 193.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 108.00 193.10 Td (which ) Tj ET Q q 0 0 0 rg BT 135.20 193.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 169.07 193.10 Td (will ) Tj ET Q q 0 0 0 rg BT 187.39 193.10 Td (be ) Tj ET Q q 0 0 0 rg BT 199.59 193.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 222.08 193.10 Td (will ) Tj ET Q q 0 0 0 rg BT 240.40 193.10 Td (not ) Tj ET Q q 0 0 0 rg BT 255.94 193.10 Td (be ) Tj ET Q q 0 0 0 rg BT 268.14 193.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 308.12 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.66 193.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 360.28 193.10 Td (any ) Tj ET Q q 0 0 0 rg BT 377.49 193.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 419.13 193.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 452.42 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.52 193.10 Td (a ) Tj ET Q q 0 0 0 rg BT 470.72 193.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 495.42 193.10 Td (except ) Tj ET Q q 0 0 0 rg BT 524.28 193.10 Td (a ) Tj ET Q q 0 0 0 rg BT 531.48 193.10 Td (transfer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.38 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.86 181.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 128.45 181.10 Td (system, ) Tj ET Q q 0 0 0 rg BT 161.00 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.60 181.10 Td (which ) Tj ET Q q 0 0 0 rg BT 198.31 181.10 Td (none ) Tj ET Q q 0 0 0 rg BT 220.01 181.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 258.37 181.10 Td (exists, ) Tj ET Q q 0 0 0 rg BT 285.92 181.10 Td (or ) Tj ET Q q 0 0 0 rg BT 296.52 181.10 Td (except ) Tj ET Q q 0 0 0 rg BT 324.88 181.10 Td (as ) Tj ET Q q 0 0 0 rg BT 335.48 181.10 Td (required ) Tj ET Q q 0 0 0 rg BT 371.06 181.10 Td (by ) Tj ET Q q 0 0 0 rg BT 383.33 181.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 426.69 181.10 Td (law ) Tj ET Q q 0 0 0 rg BT 443.39 181.10 Td (or ) Tj ET Q q 0 0 0 rg BT 453.99 181.10 Td (court ) Tj ET Q q 0 0 0 rg BT 476.81 181.10 Td (order) Tj ET Q q 0 0 0 rg BT 497.35 181.10 Td (. ) Tj ET Q q 0 0 0 rg BT 501.96 181.10 Td (W) Tj ET Q q 0 0 0 rg BT 510.60 181.10 Td (e ) Tj ET Q q 0 0 0 rg BT 517.30 181.10 Td (may) Tj ET Q q 0 0 0 rg BT 533.87 181.10 Td (, ) Tj ET Q q 0 0 0 rg BT 538.64 181.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.68 181.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 68.62 169.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 113.06 169.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 141.67 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.40 169.10 Td (establishment ) Tj ET Q q 0 0 0 rg BT 213.90 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.74 169.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.69 169.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 268.63 169.10 Td (on ) Tj ET Q q 0 0 0 rg BT 281.14 169.10 Td (which ) Tj ET Q q 0 0 0 rg BT 308.09 169.10 Td (a ) Tj ET Q q 0 0 0 rg BT 315.04 169.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 358.09 169.10 Td (market ) Tj ET Q q 0 0 0 rg BT 388.36 169.10 Td (may ) Tj ET Q q 0 0 0 rg BT 408.09 169.10 Td (be ) Tj ET Q q 0 0 0 rg BT 420.03 169.10 Td (made ) Tj ET Q q 0 0 0 rg BT 444.20 169.10 Td (with ) Tj ET Q q 0 0 0 rg BT 464.49 169.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 495.31 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.60 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.33 169.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 548.67 169.10 Td ( ) Tj ET Q q 0 0 0 rg BT 551.18 169.10 Td ( ) Tj ET Q q 0 0 0 rg BT 553.69 169.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.55 157.10 Td (with ) Tj ET Q q 0 0 0 rg BT 117.00 157.10 Td (Prosper) Tj ET Q q 0 0 0 rg BT 147.92 157.10 Td () Tj ET Q q 0 0 0 rg BT 150.70 157.10 Td (s ) Tj ET Q q 0 0 0 rg BT 157.27 157.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 206.04 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.05 157.10 Td (its ) Tj ET Q q 0 0 0 rg BT 229.17 157.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 279.06 157.10 Td (with ) Tj ET Q q 0 0 0 rg BT 299.51 157.10 Td (FOLIOfn ) Tj ET Q q 0 0 0 rg BT 339.96 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.41 157.10 Td (October ) Tj ET Q q 0 0 0 rg BT 385.29 157.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 410.47 157.10 Td (no ) Tj ET Q q 0 0 0 rg BT 423.14 157.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 454.14 157.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 491.25 157.10 Td (for ) Tj ET Q q 0 0 0 rg BT 505.58 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.48 157.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 553.69 157.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.83 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.76 145.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 113.04 145.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 167.74 145.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 196.35 145.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 221.63 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.56 145.10 Td (there ) Tj ET Q q 0 0 0 rg BT 261.05 145.10 Td (can ) Tj ET Q q 0 0 0 rg BT 277.42 145.10 Td (be ) Tj ET Q q 0 0 0 rg BT 289.36 145.10 Td (no ) Tj ET Q q 0 0 0 rg BT 301.85 145.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 343.22 145.10 Td (a ) Tj ET Q q 0 0 0 rg BT 350.15 145.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 380.97 145.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 417.90 145.10 Td (for ) Tj ET Q q 0 0 0 rg BT 432.06 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.77 145.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 472.60 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.53 145.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 509.81 145.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 78.70 133.10 Td (will ) Tj ET Q q 0 0 0 rg BT 96.83 133.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 131.06 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.42 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.22 133.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 184.98 133.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 229.48 133.10 Td (note ) Tj ET Q q 0 0 0 rg BT 249.27 133.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 294.61 133.10 Td (must ) Tj ET Q q 0 0 0 rg BT 316.63 133.10 Td (be ) Tj ET Q q 0 0 0 rg BT 328.65 133.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 366.21 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.56 133.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 396.92 133.10 Td (their ) Tj ET Q q 0 0 0 rg BT 417.82 133.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 443.73 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.75 133.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 481.11 133.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 535.89 133.10 Td (Rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.57 121.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 93.80 121.10 Td (. ) Tj ET Q q 0 0 0 rg BT 99.09 121.10 Td (See ) Tj ET Q q 0 0 0 rg BT 116.33 121.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 141.90 121.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 199.69 121.10 Td (Inherent ) Tj ET Q q 0 0 0 rg BT 235.79 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.37 121.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 286.37 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.94 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.95 121.10 Td (Notes-The ) Tj ET Q q 0 0 0 rg BT 356.95 121.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 383.07 121.10 Td (will ) Tj ET Q q 0 0 0 rg BT 401.42 121.10 Td (not ) Tj ET Q q 0 0 0 rg BT 416.99 121.10 Td (be ) Tj ET Q q 0 0 0 rg BT 429.22 121.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 453.68 121.10 Td (on ) Tj ET Q q 0 0 0 rg BT 466.47 121.10 Td (any ) Tj ET Q q 0 0 0 rg BT 483.70 121.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 524.26 121.10 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.52 109.10 Td (can ) Tj ET Q q 0 0 0 rg BT 82.48 109.10 Td (be ) Tj ET Q q 0 0 0 rg BT 94.00 109.10 Td (held ) Tj ET Q q 0 0 0 rg BT 113.30 109.10 Td (only ) Tj ET Q q 0 0 0 rg BT 133.16 109.10 Td (by ) Tj ET Q q 0 0 0 rg BT 145.24 109.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 161.56 109.10 Td () Tj ET Q q 0 0 0 rg BT 164.34 109.10 Td (s ) Tj ET Q q 0 0 0 rg BT 170.31 109.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 211.00 109.10 Td (Further) Tj ET Q q 0 0 0 rg BT 240.04 109.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.62 109.10 Td (no ) Tj ET Q q 0 0 0 rg BT 256.70 109.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 287.11 109.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 323.63 109.10 Td (for ) Tj ET Q q 0 0 0 rg BT 337.37 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.67 109.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 384.29 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.70 109.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 420.11 109.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 444.98 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.50 109.10 Td (there ) Tj ET Q q 0 0 0 rg BT 483.56 109.10 Td (can ) Tj ET Q q 0 0 0 rg BT 499.52 109.10 Td (be ) Tj ET Q q 0 0 0 rg BT 511.04 109.10 Td (no ) Tj ET Q q 0 0 0 rg BT 523.13 109.10 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.06 97.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 88.02 97.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 125.08 97.10 Td (for ) Tj ET Q q 0 0 0 rg BT 139.36 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.20 97.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 187.37 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.32 97.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 224.28 97.10 Td (will ) Tj ET Q q 0 0 0 rg BT 242.46 97.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 276.74 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.15 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.99 97.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 330.80 97.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 375.34 97.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 414.08 97.10 Td (should ) Tj ET Q q 0 0 0 rg BT 443.37 97.10 Td (be ) Tj ET Q q 0 0 0 rg BT 455.44 97.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 493.04 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.44 97.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 523.85 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 97.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (they ) Tj ET Q q 0 0 0 rg BT 69.72 85.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 107.75 85.10 Td (until ) Tj ET Q q 0 0 0 rg BT 128.59 85.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 161.82 85.10 Td (.") Tj ET Q endstream endobj 161 0 obj <> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (80) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.94 742.25 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 123.33 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.39 742.25 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 210.57 742.25 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 113.71 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.64 712.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 157.19 712.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.68 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.62 712.25 Td (event ) Tj ET Q q 0 0 0 rg BT 206.99 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.04 712.25 Td (a ) Tj ET Q q 0 0 0 rg BT 225.19 712.25 Td (material ) Tj ET Q q 0 0 0 rg BT 260.67 712.25 Td (default ) Tj ET Q q 0 0 0 rg BT 291.15 712.25 Td (under ) Tj ET Q q 0 0 0 rg BT 316.64 712.25 Td (a ) Tj ET Q q 0 0 0 rg BT 323.79 712.25 Td (series ) Tj ET Q q 0 0 0 rg BT 349.28 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.33 712.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 386.37 712.25 Td (due ) Tj ET Q q 0 0 0 rg BT 403.53 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.02 712.25 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 455.05 712.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 488.32 712.25 Td (theft ) Tj ET Q q 0 0 0 rg BT 509.36 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.41 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.35 712.25 Td (named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 95.62 700.25 Td (identity) Tj ET Q q 0 0 0 rg BT 125.52 700.25 Td (, ) Tj ET Q q 0 0 0 rg BT 131.29 700.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 148.15 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 151.43 700.25 Td (will ) Tj ET Q q 0 0 0 rg BT 170.25 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.31 700.25 Td (its ) Tj ET Q q 0 0 0 rg BT 194.03 700.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 236.73 700.25 Td (either ) Tj ET Q q 0 0 0 rg BT 262.77 700.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 309.35 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.84 700.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 347.55 700.25 Td (or ) Tj ET Q q 0 0 0 rg BT 359.15 700.25 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 403.53 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.02 700.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 441.73 700.25 Td (holder) Tj ET Q q 0 0 0 rg BT 466.73 700.25 Td (. ) Tj ET Q q 0 0 0 rg BT 472.50 700.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 498.70 700.25 Td (indemnification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 93.04 688.25 Td (will ) Tj ET Q q 0 0 0 rg BT 111.08 688.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 135.79 688.25 Td (only ) Tj ET Q q 0 0 0 rg BT 156.05 688.25 Td (if ) Tj ET Q q 0 0 0 rg BT 164.65 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.35 688.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 214.04 688.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 235.96 688.25 Td (is ) Tj ET Q q 0 0 0 rg BT 245.12 688.25 Td (at ) Tj ET Q q 0 0 0 rg BT 254.82 688.25 Td (least ) Tj ET Q q 0 0 0 rg BT 275.64 688.25 Td (120 ) Tj ET Q q 0 0 0 rg BT 293.12 688.25 Td (days ) Tj ET Q q 0 0 0 rg BT 313.94 688.25 Td (past-due; ) Tj ET Q q 0 0 0 rg BT 353.08 688.25 Td (provided, ) Tj ET Q q 0 0 0 rg BT 393.62 688.25 Td (that ) Tj ET Q q 0 0 0 rg BT 411.10 688.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 427.96 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 430.44 688.25 Td (may ) Tj ET Q q 0 0 0 rg BT 450.15 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 460.41 688.25 Td (its ) Tj ET Q q 0 0 0 rg BT 472.35 688.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 490.94 688.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 532.86 688.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 554.22 688.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (take ) Tj ET Q q 0 0 0 rg BT 69.36 676.25 Td (action ) Tj ET Q q 0 0 0 rg BT 96.51 676.25 Td (at ) Tj ET Q q 0 0 0 rg BT 106.43 676.25 Td (an ) Tj ET Q q 0 0 0 rg BT 118.58 676.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 146.82 676.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 169.61 676.25 Td (The ) Tj ET Q q 0 0 0 rg BT 187.86 676.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 246.11 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.15 676.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 292.06 676.25 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 333.08 676.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 366.35 676.25 Td (theft ) Tj ET Q q 0 0 0 rg BT 387.38 676.25 Td (has ) Tj ET Q q 0 0 0 rg BT 403.42 676.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 441.10 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 450.48 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 460.97 676.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 486.60 676.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 505.42 676.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 547.56 676.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.25 664.25 Td (may ) Tj ET Q q 0 0 0 rg BT 88.86 664.25 Td (require ) Tj ET Q q 0 0 0 rg BT 119.57 664.25 Td (proof ) Tj ET Q q 0 0 0 rg BT 143.62 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.34 664.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 187.28 664.25 Td (theft, ) Tj ET Q q 0 0 0 rg BT 210.50 664.25 Td (such ) Tj ET Q q 0 0 0 rg BT 231.22 664.25 Td (as ) Tj ET Q q 0 0 0 rg BT 241.94 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 248.77 664.25 Td (copy ) Tj ET Q q 0 0 0 rg BT 270.60 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.33 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 288.16 664.25 Td (police ) Tj ET Q q 0 0 0 rg BT 314.98 664.25 Td (report ) Tj ET Q q 0 0 0 rg BT 341.25 664.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 361.97 664.25 Td (by ) Tj ET Q q 0 0 0 rg BT 374.36 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.97 664.25 Td (person ) Tj ET Q q 0 0 0 rg BT 418.02 664.25 Td (whose ) Tj ET Q q 0 0 0 rg BT 445.96 664.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 478.91 664.25 Td (was ) Tj ET Q q 0 0 0 rg BT 496.85 664.25 Td (wrongfully ) Tj ET Q q 0 0 0 rg BT 543.68 664.25 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.33 652.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 87.87 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.64 652.25 Td (fraudulently-induced ) Tj ET Q q 0 0 0 rg BT 189.04 652.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 229.91 652.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 255.51 652.25 Td (an ) Tj ET Q q 0 0 0 rg BT 267.50 652.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 300.60 652.25 Td (af) Tj ET Q q 0 0 0 rg BT 308.18 652.25 Td (fidavit ) Tj ET Q q 0 0 0 rg BT 336.84 652.25 Td (or ) Tj ET Q q 0 0 0 rg BT 347.71 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 354.70 652.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 376.69 652.25 Td (verification ) Tj ET Q q 0 0 0 rg BT 425.33 652.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 448.42 652.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 462.63 652.25 Td (all ) Tj ET Q q 0 0 0 rg BT 475.17 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.05 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.82 652.25 Td (above\) ) Tj ET Q q 0 0 0 rg BT 530.57 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 540.90 652.25 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 640.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 102.76 640.25 Td (that ) Tj ET Q q 0 0 0 rg BT 120.25 640.25 Td (verifiable ) Tj ET Q q 0 0 0 rg BT 161.06 640.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 194.12 640.25 Td (theft ) Tj ET Q q 0 0 0 rg BT 214.94 640.25 Td (has ) Tj ET Q q 0 0 0 rg BT 230.77 640.25 Td (occurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.72 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.33 610.25 Td (event ) Tj ET Q q 0 0 0 rg BT 135.37 610.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 152.23 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 154.62 610.25 Td (inserts ) Tj ET Q q 0 0 0 rg BT 183.12 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 189.94 610.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 222.89 610.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 251.94 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.11 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 268.93 610.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 309.64 610.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 332.58 610.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 359.97 610.25 Td (that ) Tj ET Q q 0 0 0 rg BT 377.36 610.25 Td (is ) Tj ET Q q 0 0 0 rg BT 386.42 610.25 Td (dif) Tj ET Q q 0 0 0 rg BT 397.35 610.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 423.05 610.25 Td (from ) Tj ET Q q 0 0 0 rg BT 444.88 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.48 610.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 492.42 610.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 521.48 610.25 Td (calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.16 598.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 79.02 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.18 598.25 Td (for ) Tj ET Q q 0 0 0 rg BT 95.00 598.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 122.17 598.25 Td (such ) Tj ET Q q 0 0 0 rg BT 142.66 598.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 183.14 598.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 205.85 598.25 Td (on ) Tj ET Q q 0 0 0 rg BT 218.01 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.39 598.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 285.90 598.25 Td (or ) Tj ET Q q 0 0 0 rg BT 296.39 598.25 Td (if ) Tj ET Q q 0 0 0 rg BT 304.66 598.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 321.52 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 323.68 598.25 Td (incorrectly ) Tj ET Q q 0 0 0 rg BT 369.16 598.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 395.76 598.25 Td (data ) Tj ET Q q 0 0 0 rg BT 414.58 598.25 Td (into ) Tj ET Q q 0 0 0 rg BT 432.30 598.25 Td (its ) Tj ET Q q 0 0 0 rg BT 443.91 598.25 Td (formula ) Tj ET Q q 0 0 0 rg BT 477.72 598.25 Td (or ) Tj ET Q q 0 0 0 rg BT 488.21 598.25 Td (incorrectly ) Tj ET Q q 0 0 0 rg BT 533.68 598.25 Td (applies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (its ) Tj ET Q q 0 0 0 rg BT 62.77 586.25 Td (formula ) Tj ET Q q 0 0 0 rg BT 97.75 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 108.85 586.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 152.15 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.69 586.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 201.57 586.25 Td (Rating, ) Tj ET Q q 0 0 0 rg BT 234.06 586.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 272.37 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 283.47 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 291.24 586.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 325.11 586.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 355.10 586.25 Td (dif) Tj ET Q q 0 0 0 rg BT 366.03 586.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 392.66 586.25 Td (from ) Tj ET Q q 0 0 0 rg BT 415.42 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.96 586.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 464.84 586.25 Td (Rating ) Tj ET Q q 0 0 0 rg BT 494.83 586.25 Td (that ) Tj ET Q q 0 0 0 rg BT 513.14 586.25 Td (should ) Tj ET Q q 0 0 0 rg BT 543.14 586.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (appeared ) Tj ET Q q 0 0 0 rg BT 88.90 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 99.49 574.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.74 574.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 147.87 574.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 171.23 574.25 Td (listing, ) Tj ET Q q 0 0 0 rg BT 201.54 574.25 Td (then, ) Tj ET Q q 0 0 0 rg BT 224.07 574.25 Td (if ) Tj ET Q q 0 0 0 rg BT 232.99 574.25 Td (such ) Tj ET Q q 0 0 0 rg BT 254.13 574.25 Td (breach ) Tj ET Q q 0 0 0 rg BT 283.59 574.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 326.94 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.19 574.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 385.31 574.25 Td (af) Tj ET Q q 0 0 0 rg BT 392.90 574.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 414.59 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.62 574.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 461.86 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.01 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.03 574.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 516.39 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.53 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.56 574.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 109.33 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 119.23 562.25 Td (such ) Tj ET Q q 0 0 0 rg BT 139.68 562.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 180.12 562.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 205.29 562.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 222.15 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.27 562.25 Td (will ) Tj ET Q q 0 0 0 rg BT 241.94 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 251.84 562.25 Td (its ) Tj ET Q q 0 0 0 rg BT 263.41 562.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 304.97 562.25 Td (either ) Tj ET Q q 0 0 0 rg BT 329.85 562.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 375.28 562.25 Td (such ) Tj ET Q q 0 0 0 rg BT 395.73 562.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 417.29 562.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 444.95 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 455.40 562.25 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 498.63 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.97 562.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 534.52 562.25 Td (holder) Tj ET Q q 0 0 0 rg BT 559.52 562.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (No ) Tj ET Q q 0 0 0 rg BT 64.72 532.25 Td (Sinking ) Tj ET Q q 0 0 0 rg BT 99.46 532.25 Td (Fund) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.05 502.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 129.88 502.25 Td (are ) Tj ET Q q 0 0 0 rg BT 144.58 502.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 165.97 502.25 Td (amortizing ) Tj ET Q q 0 0 0 rg BT 211.79 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.73 502.25 Td (will ) Tj ET Q q 0 0 0 rg BT 246.79 502.25 Td (not ) Tj ET Q q 0 0 0 rg BT 262.06 502.25 Td (have ) Tj ET Q q 0 0 0 rg BT 283.44 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.16 502.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 328.42 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.25 502.25 Td (a ) Tj ET Q q 0 0 0 rg BT 346.19 502.25 Td (sinking ) Tj ET Q q 0 0 0 rg BT 378.14 502.25 Td (fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (Events ) Tj ET Q q 0 0 0 rg BT 80.28 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.11 472.25 Td (Default) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 113.49 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.21 442.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 152.92 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.75 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.47 442.25 Td (indenture, ) Tj ET Q q 0 0 0 rg BT 221.23 442.25 Td (any ) Tj ET Q q 0 0 0 rg BT 238.17 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.00 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.72 442.25 Td (following ) Tj ET Q q 0 0 0 rg BT 305.11 442.25 Td (events ) Tj ET Q q 0 0 0 rg BT 333.15 442.25 Td (will ) Tj ET Q q 0 0 0 rg BT 351.21 442.25 Td (constitute ) Tj ET Q q 0 0 0 rg BT 392.59 442.25 Td (an ) Tj ET Q q 0 0 0 rg BT 404.53 442.25 Td (event ) Tj ET Q q 0 0 0 rg BT 428.69 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.52 442.25 Td (default ) Tj ET Q q 0 0 0 rg BT 469.78 442.25 Td (for ) Tj ET Q q 0 0 0 rg BT 483.94 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 490.88 442.25 Td (series ) Tj ET Q q 0 0 0 rg BT 516.15 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.98 442.25 Td (Notes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 409.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 409.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 138.42 409.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 167.02 409.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.30 409.25 Td (make ) Tj ET Q q 0 0 0 rg BT 201.45 409.25 Td (required ) Tj ET Q q 0 0 0 rg BT 237.27 409.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 278.09 409.25 Td (on ) Tj ET Q q 0 0 0 rg BT 290.59 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.31 409.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 331.14 409.25 Td (for ) Tj ET Q q 0 0 0 rg BT 345.30 409.25 Td (thirty ) Tj ET Q q 0 0 0 rg BT 369.46 409.25 Td (days ) Tj ET Q q 0 0 0 rg BT 390.29 409.25 Td (past ) Tj ET Q q 0 0 0 rg BT 408.90 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.62 409.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 467.21 409.25 Td (due ) Tj ET Q q 0 0 0 rg BT 484.15 409.25 Td (date;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 391.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 391.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 138.85 391.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 167.86 391.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.56 391.25 Td (perform, ) Tj ET Q q 0 0 0 rg BT 216.19 391.25 Td (or ) Tj ET Q q 0 0 0 rg BT 227.45 391.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.58 391.25 Td (breach ) Tj ET Q q 0 0 0 rg BT 272.15 391.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 285.91 391.25 Td (any ) Tj ET Q q 0 0 0 rg BT 303.27 391.25 Td (other ) Tj ET Q q 0 0 0 rg BT 326.74 391.25 Td (covenant ) Tj ET Q q 0 0 0 rg BT 365.75 391.25 Td (for ) Tj ET Q q 0 0 0 rg BT 380.33 391.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.47 391.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 426.16 391.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.41 391.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.55 391.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 484.91 391.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.16 391.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.30 391.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 537.56 391.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 379.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 153.35 379.25 Td (for ) Tj ET Q q 0 0 0 rg BT 167.03 379.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 179.05 379.25 Td (days ) Tj ET Q q 0 0 0 rg BT 199.40 379.25 Td (after ) Tj ET Q q 0 0 0 rg BT 219.73 379.25 Td (written ) Tj ET Q q 0 0 0 rg BT 250.08 379.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 276.53 379.25 Td (from ) Tj ET Q q 0 0 0 rg BT 297.99 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.23 379.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 352.01 379.25 Td (trustee ) Tj ET Q q 0 0 0 rg BT 380.69 379.25 Td (or ) Tj ET Q q 0 0 0 rg BT 391.04 379.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 422.50 379.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.85 379.25 Td (25% ) Tj ET Q q 0 0 0 rg BT 453.20 379.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.55 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.79 379.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 526.47 379.25 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 367.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 145.50 367.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.33 367.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.04 367.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 196.87 367.25 Td (for ) Tj ET Q q 0 0 0 rg BT 211.03 367.25 Td (which ) Tj ET Q q 0 0 0 rg BT 237.97 367.25 Td (such ) Tj ET Q q 0 0 0 rg BT 258.80 367.25 Td (default ) Tj ET Q q 0 0 0 rg BT 289.06 367.25 Td (exists, ) Tj ET Q q 0 0 0 rg BT 316.84 367.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 347.67 367.25 Td (to ) Tj ET Q q 0 0 0 rg BT 357.95 367.25 Td (an ) Tj ET Q q 0 0 0 rg BT 369.88 367.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 412.38 367.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 424.88 367.25 Td (day ) Tj ET Q q 0 0 0 rg BT 441.81 367.25 Td (cure ) Tj ET Q q 0 0 0 rg BT 461.52 367.25 Td (period; ) Tj ET Q q 0 0 0 rg BT 492.35 367.25 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 349.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 349.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 151.59 349.25 Td (events ) Tj ET Q q 0 0 0 rg BT 179.64 349.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 212.68 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 222.96 349.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 248.39 349.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 292.72 349.25 Td (, ) Tj ET Q q 0 0 0 rg BT 297.72 349.25 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 343.55 349.25 Td (or ) Tj ET Q q 0 0 0 rg BT 354.38 349.25 Td (reor) Tj ET Q q 0 0 0 rg BT 370.29 349.25 Td (ganization.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 319.25 Td (It ) Tj ET Q q 0 0 0 rg BT 94.26 319.25 Td (is ) Tj ET Q q 0 0 0 rg BT 103.08 319.25 Td (not ) Tj ET Q q 0 0 0 rg BT 118.01 319.25 Td (a ) Tj ET Q q 0 0 0 rg BT 124.59 319.25 Td (default ) Tj ET Q q 0 0 0 rg BT 154.51 319.25 Td (or ) Tj ET Q q 0 0 0 rg BT 164.99 319.25 Td (event ) Tj ET Q q 0 0 0 rg BT 188.79 319.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.27 319.25 Td (default ) Tj ET Q q 0 0 0 rg BT 229.19 319.25 Td (under ) Tj ET Q q 0 0 0 rg BT 254.11 319.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.47 319.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 292.84 319.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.32 319.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.69 319.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 357.60 319.25 Td (if ) Tj ET Q q 0 0 0 rg BT 365.86 319.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 382.72 319.25 Td ( ) Tj ET Q q 0 0 0 rg BT 384.87 319.25 Td (does ) Tj ET Q q 0 0 0 rg BT 405.35 319.25 Td (not ) Tj ET Q q 0 0 0 rg BT 420.28 319.25 Td (make ) Tj ET Q q 0 0 0 rg BT 444.08 319.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 484.56 319.25 Td (on ) Tj ET Q q 0 0 0 rg BT 496.71 319.25 Td (a ) Tj ET Q q 0 0 0 rg BT 503.29 319.25 Td (series ) Tj ET Q q 0 0 0 rg BT 528.21 319.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.69 319.25 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.25 Td (when ) Tj ET Q q 0 0 0 rg BT 73.42 307.25 Td (a ) Tj ET Q q 0 0 0 rg BT 79.62 307.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 118.03 307.25 Td (does ) Tj ET Q q 0 0 0 rg BT 138.12 307.25 Td (not ) Tj ET Q q 0 0 0 rg BT 152.66 307.25 Td (make ) Tj ET Q q 0 0 0 rg BT 176.07 307.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 216.16 307.25 Td (on ) Tj ET Q q 0 0 0 rg BT 227.92 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.90 307.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 300.86 307.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 340.94 307.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 365.75 307.25 Td (In ) Tj ET Q q 0 0 0 rg BT 375.84 307.25 Td (that ) Tj ET Q q 0 0 0 rg BT 392.60 307.25 Td (case, ) Tj ET Q q 0 0 0 rg BT 414.06 307.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 430.93 307.25 Td ( ) Tj ET Q q 0 0 0 rg BT 432.69 307.25 Td (is ) Tj ET Q q 0 0 0 rg BT 441.12 307.25 Td (not ) Tj ET Q q 0 0 0 rg BT 455.65 307.25 Td (required ) Tj ET Q q 0 0 0 rg BT 490.73 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.27 307.25 Td (make ) Tj ET Q q 0 0 0 rg BT 523.68 307.25 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (on ) Tj ET Q q 0 0 0 rg BT 63.17 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.55 295.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 107.55 295.25 Td (so ) Tj ET Q q 0 0 0 rg BT 119.61 295.25 Td (no ) Tj ET Q q 0 0 0 rg BT 132.78 295.25 Td (default ) Tj ET Q q 0 0 0 rg BT 163.72 295.25 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 195.48 295.25 Td (See ) Tj ET Q q 0 0 0 rg BT 213.09 295.25 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 238.68 295.25 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 296.85 295.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 330.56 295.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.51 295.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 383.00 295.25 Td (Default," ) Tj ET Q q 0 0 0 rg BT 422.73 295.25 Td (for ) Tj ET Q q 0 0 0 rg BT 437.56 295.25 Td (more ) Tj ET Q q 0 0 0 rg BT 461.28 295.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 513.46 295.25 Td (An ) Tj ET Q q 0 0 0 rg BT 528.85 295.25 Td (event ) Tj ET Q q 0 0 0 rg BT 553.68 295.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (default ) Tj ET Q q 0 0 0 rg BT 81.06 283.25 Td (with ) Tj ET Q q 0 0 0 rg BT 102.13 283.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 133.74 283.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.81 283.25 Td (one ) Tj ET Q q 0 0 0 rg BT 162.54 283.25 Td (series ) Tj ET Q q 0 0 0 rg BT 188.60 283.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.23 283.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 226.85 283.25 Td (is ) Tj ET Q q 0 0 0 rg BT 236.81 283.25 Td (not ) Tj ET Q q 0 0 0 rg BT 252.89 283.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 310.60 283.25 Td (an ) Tj ET Q q 0 0 0 rg BT 323.33 283.25 Td (event ) Tj ET Q q 0 0 0 rg BT 348.28 283.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.91 283.25 Td (default ) Tj ET Q q 0 0 0 rg BT 390.96 283.25 Td (for ) Tj ET Q q 0 0 0 rg BT 405.92 283.25 Td (any ) Tj ET Q q 0 0 0 rg BT 423.65 283.25 Td (other ) Tj ET Q q 0 0 0 rg BT 447.49 283.25 Td (series, ) Tj ET Q q 0 0 0 rg BT 476.05 283.25 Td (even ) Tj ET Q q 0 0 0 rg BT 498.22 283.25 Td (where ) Tj ET Q q 0 0 0 rg BT 525.94 283.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 283.25 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 89.15 271.25 Td (is ) Tj ET Q q 0 0 0 rg BT 98.32 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.04 271.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 132.75 271.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 171.90 271.25 Td (on ) Tj ET Q q 0 0 0 rg BT 184.40 271.25 Td (both ) Tj ET Q q 0 0 0 rg BT 204.68 271.25 Td (loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 241.25 Td (As ) Tj ET Q q 0 0 0 rg BT 99.87 241.25 Td (described ) Tj ET Q q 0 0 0 rg BT 140.93 241.25 Td (above ) Tj ET Q q 0 0 0 rg BT 167.56 241.25 Td (under ) Tj ET Q q 0 0 0 rg BT 193.09 241.25 Td ("Summary ) Tj ET Q q 0 0 0 rg BT 238.81 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.89 241.25 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 293.46 241.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 317.88 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.96 241.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 355.05 241.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.63 241.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 434.33 241.25 Td (Agreement-Indenture ) Tj ET Q q 0 0 0 rg BT 523.15 241.25 Td (and ) Tj ET Q q 0 0 0 rg BT 540.34 241.25 Td (Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.32 229.25 Td (Notes-Ranking; ) Tj ET Q q 0 0 0 rg BT 125.63 229.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 160.95 229.25 Td (Interest," ) Tj ET Q q 0 0 0 rg BT 199.51 229.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.27 229.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 230.16 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.36 229.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 261.35 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.67 229.25 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 296.59 229.25 Td (insolvency) Tj ET Q q 0 0 0 rg BT 339.26 229.25 Td (, ) Tj ET Q q 0 0 0 rg BT 343.75 229.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 360.61 229.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.60 229.25 Td (has ) Tj ET Q q 0 0 0 rg BT 377.92 229.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 409.90 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.10 229.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 463.86 229.25 Td (trustee ) Tj ET Q q 0 0 0 rg BT 492.50 229.25 Td (a ) Tj ET Q q 0 0 0 rg BT 498.93 229.25 Td (security ) Tj ET Q q 0 0 0 rg BT 532.58 229.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.79 217.25 Td (all ) Tj ET Q q 0 0 0 rg BT 73.79 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.13 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.36 217.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 141.69 217.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 169.14 217.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 229.36 217.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.15 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.37 217.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 284.21 217.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.00 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.23 217.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 342.13 217.25 Td (account ) Tj ET Q q 0 0 0 rg BT 376.23 217.25 Td (into ) Tj ET Q q 0 0 0 rg BT 394.80 217.25 Td (which ) Tj ET Q q 0 0 0 rg BT 422.25 217.25 Td (such ) Tj ET Q q 0 0 0 rg BT 443.59 217.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 484.92 217.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 508.47 217.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 549.81 217.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (deposited ) Tj ET Q q 0 0 0 rg BT 90.90 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.90 205.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.25 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.04 205.25 Td (FBO ) Tj ET Q q 0 0 0 rg BT 155.06 205.25 Td (account. ) Tj ET Q q 0 0 0 rg BT 191.04 205.25 Td (The ) Tj ET Q q 0 0 0 rg BT 209.16 205.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 249.49 205.25 Td (trustee ) Tj ET Q q 0 0 0 rg BT 278.71 205.25 Td (may ) Tj ET Q q 0 0 0 rg BT 298.50 205.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 333.82 205.25 Td (its ) Tj ET Q q 0 0 0 rg BT 345.84 205.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 367.85 205.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 393.19 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.54 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.33 205.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 458.10 205.25 Td (only ) Tj ET Q q 0 0 0 rg BT 478.44 205.25 Td (if ) Tj ET Q q 0 0 0 rg BT 487.12 205.25 Td (an ) Tj ET Q q 0 0 0 rg BT 499.13 205.25 Td (event ) Tj ET Q q 0 0 0 rg BT 523.36 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 534.26 205.25 Td (default ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (has ) Tj ET Q q 0 0 0 rg BT 65.74 193.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 103.13 193.25 Td (under ) Tj ET Q q 0 0 0 rg BT 128.30 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.93 193.25 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 185.60 193.25 Td (Only ) Tj ET Q q 0 0 0 rg BT 208.01 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.64 193.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 262.81 193.25 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 294.38 193.25 Td (not ) Tj ET Q q 0 0 0 rg BT 309.57 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.19 193.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 356.04 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.78 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.41 193.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 409.65 193.25 Td (will ) Tj ET Q q 0 0 0 rg BT 427.61 193.25 Td (have ) Tj ET Q q 0 0 0 rg BT 448.90 193.25 Td (a ) Tj ET Q q 0 0 0 rg BT 455.75 193.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 488.69 193.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 513.32 193.25 Td (to ) Tj ET Q q 0 0 0 rg BT 523.50 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.13 193.25 Td (above ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (collateral.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 151.25 Td (If ) Tj ET Q q 0 0 0 rg BT 94.81 151.25 Td (an ) Tj ET Q q 0 0 0 rg BT 106.40 151.25 Td (event ) Tj ET Q q 0 0 0 rg BT 130.21 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.69 151.25 Td (default ) Tj ET Q q 0 0 0 rg BT 170.61 151.25 Td (occurs ) Tj ET Q q 0 0 0 rg BT 198.86 151.25 Td (due ) Tj ET Q q 0 0 0 rg BT 215.45 151.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.38 151.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 269.72 151.25 Td (, ) Tj ET Q q 0 0 0 rg BT 274.37 151.25 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 319.85 151.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.33 151.25 Td (reor) Tj ET Q q 0 0 0 rg BT 346.25 151.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 390.05 151.25 Td (as ) Tj ET Q q 0 0 0 rg BT 400.53 151.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 438.23 151.25 Td (in ) Tj ET Q q 0 0 0 rg BT 448.16 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.53 151.25 Td (indenture, ) Tj ET Q q 0 0 0 rg BT 504.95 151.25 Td (then ) Tj ET Q q 0 0 0 rg BT 524.32 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 151.25 Td (stated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 87.76 139.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 119.98 139.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.52 139.25 Td (all ) Tj ET Q q 0 0 0 rg BT 142.74 139.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 191.62 139.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 217.17 139.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 238.28 139.25 Td (become ) Tj ET Q q 0 0 0 rg BT 271.59 139.25 Td (due ) Tj ET Q q 0 0 0 rg BT 288.25 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.91 139.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 338.22 139.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 390.42 139.25 Td (without ) Tj ET Q q 0 0 0 rg BT 423.20 139.25 Td (any ) Tj ET Q q 0 0 0 rg BT 439.86 139.25 Td (act ) Tj ET Q q 0 0 0 rg BT 453.73 139.25 Td (by ) Tj ET Q q 0 0 0 rg BT 465.95 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.39 139.25 Td (trustee ) Tj ET Q q 0 0 0 rg BT 509.26 139.25 Td (or ) Tj ET Q q 0 0 0 rg BT 519.81 139.25 Td (any ) Tj ET Q q 0 0 0 rg BT 536.47 139.25 Td (holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.64 127.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 90.78 127.25 Td (If ) Tj ET Q q 0 0 0 rg BT 100.75 127.25 Td (an ) Tj ET Q q 0 0 0 rg BT 113.50 127.25 Td (event ) Tj ET Q q 0 0 0 rg BT 138.47 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.11 127.25 Td (default ) Tj ET Q q 0 0 0 rg BT 181.18 127.25 Td (occurs ) Tj ET Q q 0 0 0 rg BT 210.59 127.25 Td (with ) Tj ET Q q 0 0 0 rg BT 231.68 127.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 263.31 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.39 127.25 Td (a ) Tj ET Q q 0 0 0 rg BT 282.14 127.25 Td (series ) Tj ET Q q 0 0 0 rg BT 308.22 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.86 127.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 346.50 127.25 Td (due ) Tj ET Q q 0 0 0 rg BT 364.25 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.34 127.25 Td (a ) Tj ET Q q 0 0 0 rg BT 383.09 127.25 Td (reason ) Tj ET Q q 0 0 0 rg BT 412.50 127.25 Td (other ) Tj ET Q q 0 0 0 rg BT 436.36 127.25 Td (than ) Tj ET Q q 0 0 0 rg BT 456.88 127.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 501.22 127.25 Td (, ) Tj ET Q q 0 0 0 rg BT 507.03 127.25 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 553.67 127.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (reor) Tj ET Q q 0 0 0 rg BT 65.92 115.25 Td (ganization, ) Tj ET Q q 0 0 0 rg BT 111.82 115.25 Td (then, ) Tj ET Q q 0 0 0 rg BT 133.29 115.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 155.04 115.25 Td (notification ) Tj ET Q q 0 0 0 rg BT 202.89 115.25 Td (by ) Tj ET Q q 0 0 0 rg BT 214.64 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.49 115.25 Td (T) Tj ET Q q 0 0 0 rg BT 234.24 115.25 Td (rustee ) Tj ET Q q 0 0 0 rg BT 259.87 115.25 Td (or ) Tj ET Q q 0 0 0 rg BT 269.95 115.25 Td (by ) Tj ET Q q 0 0 0 rg BT 281.71 115.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 312.90 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.98 115.25 Td (at ) Tj ET Q q 0 0 0 rg BT 331.95 115.25 Td (least ) Tj ET Q q 0 0 0 rg BT 352.02 115.25 Td (25% ) Tj ET Q q 0 0 0 rg BT 372.11 115.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.64 115.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 422.25 115.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 459.54 115.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 491.29 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.37 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.34 115.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.48 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.96 103.25 Td (such ) Tj ET Q q 0 0 0 rg BT 106.44 103.25 Td (series, ) Tj ET Q q 0 0 0 rg BT 133.86 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.23 103.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 173.70 103.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 211.39 103.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 243.54 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.02 103.25 Td (such ) Tj ET Q q 0 0 0 rg BT 274.50 103.25 Td (series ) Tj ET Q q 0 0 0 rg BT 299.42 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.90 103.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 358.71 103.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 384.19 103.25 Td (and ) Tj ET Q q 0 0 0 rg BT 400.78 103.25 Td (all ) Tj ET Q q 0 0 0 rg BT 412.92 103.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 444.51 103.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 477.74 103.25 Td (thereon ) Tj ET Q q 0 0 0 rg BT 509.88 103.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 530.91 103.25 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (due ) Tj ET Q q 0 0 0 rg BT 66.94 91.25 Td (and ) Tj ET Q q 0 0 0 rg BT 83.88 91.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 117.47 91.25 Td (immediately) Tj ET Q q 0 0 0 rg BT 166.81 91.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 61.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.17 61.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 136.24 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.20 61.25 Td (a ) Tj ET Q q 0 0 0 rg BT 154.26 61.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 190.77 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 201.18 61.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 242.67 61.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 280.83 61.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 313.46 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.41 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.26 61.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 388.55 61.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 414.51 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.46 61.25 Td (any ) Tj ET Q q 0 0 0 rg BT 442.53 61.25 Td (series, ) Tj ET Q q 0 0 0 rg BT 470.42 61.25 Td (by ) Tj ET Q q 0 0 0 rg BT 483.05 61.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 510.11 61.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.52 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.36 61.25 Td (trustee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.25 Td (\(and ) Tj ET Q q 0 0 0 rg BT 70.00 49.25 Td (without ) Tj ET Q q 0 0 0 rg BT 102.79 49.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 129.45 49.25 Td (to ) Tj ET Q q 0 0 0 rg BT 139.46 49.25 Td (any ) Tj ET Q q 0 0 0 rg BT 156.13 49.25 Td (other ) Tj ET Q q 0 0 0 rg BT 178.91 49.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 206.69 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.25 49.25 Td (Notes\), ) Tj ET Q q 0 0 0 rg BT 248.64 49.25 Td (may ) Tj ET Q q 0 0 0 rg BT 268.09 49.25 Td (on ) Tj ET Q q 0 0 0 rg BT 280.32 49.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 307.54 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.10 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.55 49.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 364.22 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.78 49.25 Td (all ) Tj ET Q q 0 0 0 rg BT 387.01 49.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 412.57 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.13 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.58 49.25 Td (series ) Tj ET Q q 0 0 0 rg BT 462.58 49.25 Td (waive ) Tj ET Q q 0 0 0 rg BT 488.69 49.25 Td (an ) Tj ET Q q 0 0 0 rg BT 500.36 49.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 534.25 49.25 Td (default ) Tj ET Q endstream endobj 163 0 obj <> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.12 742.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 100.78 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.90 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 131.57 742.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 159.75 742.10 Td (except ) Tj ET Q q 0 0 0 rg BT 188.18 742.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 202.19 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 208.97 742.10 Td (default ) Tj ET Q q 0 0 0 rg BT 239.07 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.19 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.75 742.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 300.53 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.20 742.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 347.43 742.10 Td (due ) Tj ET Q q 0 0 0 rg BT 364.21 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.33 742.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 404.99 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.67 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 436.34 742.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 462.01 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 472.68 742.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 486.69 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.47 742.10 Td (default ) Tj ET Q q 0 0 0 rg BT 523.58 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.70 742.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.38 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.86 730.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 106.69 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.07 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.33 730.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 171.14 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 188.18 730.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 216.89 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 228.37 730.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 266.51 730.10 Td (without ) Tj ET Q q 0 0 0 rg BT 299.12 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.38 730.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 345.98 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.35 730.10 Td (each ) Tj ET Q q 0 0 0 rg BT 376.72 730.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 404.31 730.10 Td (af) Tj ET Q q 0 0 0 rg BT 411.90 730.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 438.37 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 450.42 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 470.79 730.10 Td (waiver) Tj ET Q q 0 0 0 rg BT 497.45 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 501.85 730.10 Td (When ) Tj ET Q q 0 0 0 rg BT 527.77 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.26 730.10 Td (default ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.07 718.10 Td (permanently ) Tj ET Q q 0 0 0 rg BT 111.46 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.30 718.10 Td (irrevocably ) Tj ET Q q 0 0 0 rg BT 176.24 718.10 Td (waived, ) Tj ET Q q 0 0 0 rg BT 210.02 718.10 Td (it ) Tj ET Q q 0 0 0 rg BT 217.98 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 227.06 718.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 260.56 718.10 Td (cured, ) Tj ET Q q 0 0 0 rg BT 287.67 718.10 Td (but ) Tj ET Q q 0 0 0 rg BT 302.85 718.10 Td (no ) Tj ET Q q 0 0 0 rg BT 315.26 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 335.99 718.10 Td (waiver ) Tj ET Q q 0 0 0 rg BT 365.60 718.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 386.89 718.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 415.95 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 426.14 718.10 Td (any ) Tj ET Q q 0 0 0 rg BT 442.98 718.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 489.82 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 500.56 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 523.51 718.10 Td (default ) Tj ET Q q 0 0 0 rg BT 553.68 718.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 78.60 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 95.54 706.10 Td (consequent ) Tj ET Q q 0 0 0 rg BT 143.03 706.10 Td (right.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 676.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.15 676.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 135.24 676.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 172.49 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.09 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.12 676.10 Td (indenture, ) Tj ET Q q 0 0 0 rg BT 241.21 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.46 676.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 289.60 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.20 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.23 676.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 359.72 676.10 Td (set ) Tj ET Q q 0 0 0 rg BT 373.64 676.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 395.90 676.10 Td (therein, ) Tj ET Q q 0 0 0 rg BT 428.98 676.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 443.46 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.49 676.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 490.75 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.89 676.10 Td (at ) Tj ET Q q 0 0 0 rg BT 511.93 676.10 Td (least ) Tj ET Q q 0 0 0 rg BT 533.07 676.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 554.22 676.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 91.46 664.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 129.60 664.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 162.20 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.13 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.94 664.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 237.21 664.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 263.14 664.10 Td (of) Tj ET Q q 0 0 0 rg BT 271.28 664.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 294.42 664.10 Td (hereby ) Tj ET Q q 0 0 0 rg BT 324.23 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.26 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.08 664.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 376.46 664.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 402.39 664.10 Td (collectively) Tj ET Q q 0 0 0 rg BT 448.39 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 453.49 664.10 Td (will ) Tj ET Q q 0 0 0 rg BT 471.64 664.10 Td (have ) Tj ET Q q 0 0 0 rg BT 493.12 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.94 664.10 Td (right ) Tj ET Q q 0 0 0 rg BT 529.42 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.80 664.10 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.99 652.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 105.52 652.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 134.94 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.49 652.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 178.23 652.10 Td (its ) Tj ET Q q 0 0 0 rg BT 190.45 652.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 216.00 652.10 Td (with ) Tj ET Q q 0 0 0 rg BT 236.54 652.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 267.63 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.17 652.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 304.42 652.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 351.63 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 362.73 652.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 386.04 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.25 652.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 425.46 652.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 461.54 652.10 Td (under ) Tj ET Q q 0 0 0 rg BT 487.08 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 652.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 97.15 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.32 640.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 128.71 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.66 640.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 175.83 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.88 640.10 Td (at ) Tj ET Q q 0 0 0 rg BT 196.83 640.10 Td (least ) Tj ET Q q 0 0 0 rg BT 217.89 640.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 238.95 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.45 640.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 291.04 640.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 329.32 640.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 362.04 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.10 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.05 640.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 437.44 640.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 463.50 640.10 Td (of) Tj ET Q q 0 0 0 rg BT 471.65 640.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 494.92 640.10 Td (hereby ) Tj ET Q q 0 0 0 rg BT 524.85 640.10 Td (will ) Tj ET Q q 0 0 0 rg BT 543.14 640.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.78 628.10 Td (right ) Tj ET Q q 0 0 0 rg BT 86.24 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.58 628.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 121.35 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.14 628.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 176.46 628.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 205.69 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.03 628.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 248.57 628.10 Td (its ) Tj ET Q q 0 0 0 rg BT 260.59 628.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 285.93 628.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.27 628.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 337.16 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.50 628.10 Td (all ) Tj ET Q q 0 0 0 rg BT 360.06 628.10 Td (other ) Tj ET Q q 0 0 0 rg BT 383.17 628.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 427.41 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.31 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.52 628.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 515.07 628.10 Td (Agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.29 616.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 110.69 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.21 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.17 616.10 Td (holders' ) Tj ET Q q 0 0 0 rg BT 167.15 616.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 191.66 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.18 616.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 225.13 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.09 616.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 278.59 616.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 306.98 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.50 616.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 348.22 616.10 Td (its ) Tj ET Q q 0 0 0 rg BT 359.41 616.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 383.92 616.10 Td (under ) Tj ET Q q 0 0 0 rg BT 408.43 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.00 616.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 483.91 616.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 530.07 616.10 Td (include, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (among ) Tj ET Q q 0 0 0 rg BT 79.72 604.10 Td (others, ) Tj ET Q q 0 0 0 rg BT 109.16 604.10 Td (that ) Tj ET Q q 0 0 0 rg BT 126.65 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.37 604.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 173.31 604.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 216.91 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.63 604.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 271.89 604.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 301.04 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.21 604.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 342.70 604.10 Td (such ) Tj ET Q q 0 0 0 rg BT 363.53 604.10 Td (action.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.07 574.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 116.91 574.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 144.86 574.10 Td (may ) Tj ET Q q 0 0 0 rg BT 164.48 574.10 Td (not ) Tj ET Q q 0 0 0 rg BT 179.66 574.10 Td (institute ) Tj ET Q q 0 0 0 rg BT 214.28 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.12 574.10 Td (suit ) Tj ET Q q 0 0 0 rg BT 237.97 574.10 Td (against ) Tj ET Q q 0 0 0 rg BT 268.70 574.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 285.56 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.96 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.02 574.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 354.39 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.12 574.10 Td (such ) Tj ET Q q 0 0 0 rg BT 385.85 574.10 Td (holder's ) Tj ET Q q 0 0 0 rg BT 419.50 574.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 444.68 574.10 Td (under ) Tj ET Q q 0 0 0 rg BT 469.85 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.46 574.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 524.63 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 535.36 574.10 Td (pursue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.94 562.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.99 562.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 122.47 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 142.75 562.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 173.56 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.84 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.56 562.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 238.82 562.10 Td (or ) Tj ET Q q 0 0 0 rg BT 249.65 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.37 562.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 290.20 562.10 Td (unless:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 529.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 529.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 155.76 529.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 179.37 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.09 529.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 223.24 529.10 Td (written ) Tj ET Q q 0 0 0 rg BT 254.07 529.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 281.00 529.10 Td (stating ) Tj ET Q q 0 0 0 rg BT 310.17 529.10 Td (that ) Tj ET Q q 0 0 0 rg BT 327.66 529.10 Td (an ) Tj ET Q q 0 0 0 rg BT 339.60 529.10 Td (event ) Tj ET Q q 0 0 0 rg BT 363.76 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.59 529.10 Td (default ) Tj ET Q q 0 0 0 rg BT 404.85 529.10 Td (with ) Tj ET Q q 0 0 0 rg BT 425.13 529.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 455.94 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.22 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.94 529.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 506.77 529.10 Td (is ) Tj ET Q q 0 0 0 rg BT 515.94 529.10 Td (continuing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 511.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.95 511.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 160.12 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.18 511.10 Td (at ) Tj ET Q q 0 0 0 rg BT 181.13 511.10 Td (least ) Tj ET Q q 0 0 0 rg BT 202.19 511.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 223.25 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.76 511.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 275.35 511.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 313.63 511.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 346.35 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.42 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.37 511.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 421.76 511.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 447.82 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.89 511.10 Td (that ) Tj ET Q q 0 0 0 rg BT 476.61 511.10 Td (series ) Tj ET Q q 0 0 0 rg BT 502.11 511.10 Td (make ) Tj ET Q q 0 0 0 rg BT 526.50 511.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.67 511.10 Td (written ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 499.10 Td (request ) Tj ET Q q 0 0 0 rg BT 144.38 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.66 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.37 499.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 198.53 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.81 499.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 237.97 499.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.90 499.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 277.39 499.10 Td (available ) Tj ET Q q 0 0 0 rg BT 315.98 499.10 Td (under ) Tj ET Q q 0 0 0 rg BT 341.25 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.96 499.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 396.23 499.10 Td (with ) Tj ET Q q 0 0 0 rg BT 416.51 499.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 447.32 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.60 499.10 Td (such ) Tj ET Q q 0 0 0 rg BT 478.43 499.10 Td (default;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 481.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 481.10 Td (such ) Tj ET Q q 0 0 0 rg BT 133.22 481.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 160.66 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 170.88 481.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 202.21 481.10 Td (of) Tj ET Q q 0 0 0 rg BT 210.36 481.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 223.35 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.46 481.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 266.00 481.10 Td (security ) Tj ET Q q 0 0 0 rg BT 299.55 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 309.77 481.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 352.21 481.10 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 400.20 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.87 481.10 Td (it ) Tj ET Q q 0 0 0 rg BT 417.32 481.10 Td (against ) Tj ET Q q 0 0 0 rg BT 447.53 481.10 Td (any ) Tj ET Q q 0 0 0 rg BT 463.86 481.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 483.81 481.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 516.81 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 527.04 481.10 Td (expense;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 463.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.25 463.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 155.94 463.10 Td (does ) Tj ET Q q 0 0 0 rg BT 176.31 463.10 Td (not ) Tj ET Q q 0 0 0 rg BT 191.13 463.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 223.16 463.10 Td (with ) Tj ET Q q 0 0 0 rg BT 242.97 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.22 463.10 Td (request ) Tj ET Q q 0 0 0 rg BT 288.14 463.10 Td (within ) Tj ET Q q 0 0 0 rg BT 315.73 463.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 327.77 463.10 Td (days ) Tj ET Q q 0 0 0 rg BT 348.13 463.10 Td (after ) Tj ET Q q 0 0 0 rg BT 368.48 463.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 397.72 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.09 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.34 463.10 Td (notice, ) Tj ET Q q 0 0 0 rg BT 451.31 463.10 Td (request ) Tj ET Q q 0 0 0 rg BT 482.22 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.70 463.10 Td (of) Tj ET Q q 0 0 0 rg BT 506.85 463.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 519.98 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.35 463.10 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 451.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.83 451.10 Td (indemnity; ) Tj ET Q q 0 0 0 rg BT 169.66 451.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 433.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.36 433.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 160.94 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.41 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.99 433.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 217.01 433.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.93 433.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 269.93 433.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 308.62 433.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 341.75 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.22 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.58 433.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 418.39 433.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 444.86 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.33 433.10 Td (that ) Tj ET Q q 0 0 0 rg BT 474.47 433.10 Td (series ) Tj ET Q q 0 0 0 rg BT 500.38 433.10 Td (do ) Tj ET Q q 0 0 0 rg BT 513.52 433.10 Td (not ) Tj ET Q q 0 0 0 rg BT 529.44 433.10 Td (give ) Tj ET Q q 0 0 0 rg BT 549.80 433.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 421.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 142.16 421.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.09 421.10 Td (direction ) Tj ET Q q 0 0 0 rg BT 187.14 421.10 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 237.41 421.10 Td (with ) Tj ET Q q 0 0 0 rg BT 257.69 421.10 Td (such ) Tj ET Q q 0 0 0 rg BT 278.52 421.10 Td (request ) Tj ET Q q 0 0 0 rg BT 309.89 421.10 Td (during ) Tj ET Q q 0 0 0 rg BT 338.50 421.10 Td (such ) Tj ET Q q 0 0 0 rg BT 359.33 421.10 Td (60-day ) Tj ET Q q 0 0 0 rg BT 389.60 421.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 391.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.10 391.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 142.41 391.10 Td (will ) Tj ET Q q 0 0 0 rg BT 159.52 391.10 Td (require ) Tj ET Q q 0 0 0 rg BT 189.38 391.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 206.24 391.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.79 391.10 Td (every ) Tj ET Q q 0 0 0 rg BT 231.55 391.10 Td (year ) Tj ET Q q 0 0 0 rg BT 250.30 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.63 391.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 288.94 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.27 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.04 391.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 351.35 391.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 379.55 391.10 Td (a ) Tj ET Q q 0 0 0 rg BT 385.54 391.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 425.41 391.10 Td (as ) Tj ET Q q 0 0 0 rg BT 435.29 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.62 391.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 496.69 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.57 391.10 Td (its ) Tj ET Q q 0 0 0 rg BT 517.57 391.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.27 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.99 379.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 130.25 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.19 379.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.02 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.30 379.10 Td (any ) Tj ET Q q 0 0 0 rg BT 185.23 379.10 Td (defaults.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (Satisfaction ) Tj ET Q q 0 0 0 rg BT 101.40 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.46 349.10 Td (Discharge ) Tj ET Q q 0 0 0 rg BT 164.18 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.01 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.29 349.10 Td (Indenture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 319.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.05 319.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 144.31 319.10 Td (will ) Tj ET Q q 0 0 0 rg BT 162.37 319.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 202.07 319.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 226.21 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.49 319.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.43 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.26 319.10 Td (any ) Tj ET Q q 0 0 0 rg BT 276.20 319.10 Td (further ) Tj ET Q q 0 0 0 rg BT 305.91 319.10 Td (ef) Tj ET Q q 0 0 0 rg BT 313.50 319.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 330.98 319.10 Td (with ) Tj ET Q q 0 0 0 rg BT 351.26 319.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 382.07 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.35 319.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.29 319.10 Td (series ) Tj ET Q q 0 0 0 rg BT 424.56 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.39 319.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 461.22 319.10 Td (if:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 286.10 Td (all ) Tj ET Q q 0 0 0 rg BT 125.50 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.33 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.04 286.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 176.87 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.70 286.10 Td (that ) Tj ET Q q 0 0 0 rg BT 205.20 286.10 Td (series ) Tj ET Q q 0 0 0 rg BT 230.47 286.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 254.07 286.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 283.78 286.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 314.61 286.10 Td (exceptions\) ) Tj ET Q q 0 0 0 rg BT 363.20 286.10 Td (have ) Tj ET Q q 0 0 0 rg BT 384.58 286.10 Td (been ) Tj ET Q q 0 0 0 rg BT 405.95 286.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 445.66 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 459.82 286.10 Td (cancellation; ) Tj ET Q q 0 0 0 rg BT 513.40 286.10 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 268.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 268.10 Td (all ) Tj ET Q q 0 0 0 rg BT 125.11 268.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 150.55 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.00 268.10 Td (that ) Tj ET Q q 0 0 0 rg BT 178.11 268.10 Td (series ) Tj ET Q q 0 0 0 rg BT 202.99 268.10 Td (not ) Tj ET Q q 0 0 0 rg BT 217.88 268.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 262.21 268.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 301.53 268.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.30 268.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 365.72 268.10 Td (have ) Tj ET Q q 0 0 0 rg BT 386.72 268.10 Td (become ) Tj ET Q q 0 0 0 rg BT 419.92 268.10 Td (due ) Tj ET Q q 0 0 0 rg BT 436.48 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.03 268.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 486.24 268.10 Td (or ) Tj ET Q q 0 0 0 rg BT 496.68 268.10 Td (will ) Tj ET Q q 0 0 0 rg BT 514.35 268.10 Td (become ) Tj ET Q q 0 0 0 rg BT 547.56 268.10 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.97 256.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 163.59 256.10 Td (within ) Tj ET Q q 0 0 0 rg BT 191.67 256.10 Td (one ) Tj ET Q q 0 0 0 rg BT 208.63 256.10 Td (year ) Tj ET Q q 0 0 0 rg BT 228.37 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.33 256.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 262.19 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.72 256.10 Td (has ) Tj ET Q q 0 0 0 rg BT 280.58 256.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 321.43 256.10 Td (with ) Tj ET Q q 0 0 0 rg BT 341.74 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.48 256.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 385.66 256.10 Td (as ) Tj ET Q q 0 0 0 rg BT 396.52 256.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 416.82 256.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 441.57 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.32 256.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 481.61 256.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 514.13 256.10 Td (suf) Tj ET Q q 0 0 0 rg BT 526.17 256.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 554.24 256.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 244.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 129.94 244.10 Td (at ) Tj ET Q q 0 0 0 rg BT 139.66 244.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 176.04 244.10 Td (all ) Tj ET Q q 0 0 0 rg BT 188.53 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.36 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.08 244.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 250.47 244.10 Td (due ) Tj ET Q q 0 0 0 rg BT 267.40 244.10 Td (with ) Tj ET Q q 0 0 0 rg BT 287.68 244.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 318.50 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.78 244.10 Td (those ) Tj ET Q q 0 0 0 rg BT 352.38 244.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 214.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.86 214.10 Td (either ) Tj ET Q q 0 0 0 rg BT 122.15 214.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 144.39 214.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 161.25 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.77 214.10 Td (must ) Tj ET Q q 0 0 0 rg BT 185.75 214.10 Td (also ) Tj ET Q q 0 0 0 rg BT 204.39 214.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 221.35 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.21 214.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 256.95 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.25 214.10 Td (be ) Tj ET Q q 0 0 0 rg BT 279.22 214.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 298.97 214.10 Td (all ) Tj ET Q q 0 0 0 rg BT 311.49 214.10 Td (other ) Tj ET Q q 0 0 0 rg BT 334.57 214.10 Td (sums ) Tj ET Q q 0 0 0 rg BT 357.66 214.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 391.28 214.10 Td (under ) Tj ET Q q 0 0 0 rg BT 416.57 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.32 214.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 471.61 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 484.14 214.10 Td (it ) Tj ET Q q 0 0 0 rg BT 492.22 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.19 214.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 539.48 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 214.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 79.24 202.10 Td (an ) Tj ET Q q 0 0 0 rg BT 91.26 202.10 Td (of) Tj ET Q q 0 0 0 rg BT 99.41 202.10 Td (ficers' ) Tj ET Q q 0 0 0 rg BT 126.00 202.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 168.55 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.57 202.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 218.71 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.62 202.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 262.75 202.10 Td (stating ) Tj ET Q q 0 0 0 rg BT 292.00 202.10 Td (that ) Tj ET Q q 0 0 0 rg BT 309.58 202.10 Td (all ) Tj ET Q q 0 0 0 rg BT 322.16 202.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 366.41 202.10 Td (precedent ) Tj ET Q q 0 0 0 rg BT 407.85 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.21 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.01 202.10 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 481.14 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.16 202.10 Td (dischar) Tj ET Q q 0 0 0 rg BT 526.86 202.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 538.88 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 202.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 90.26 190.10 Td (have ) Tj ET Q q 0 0 0 rg BT 111.64 190.10 Td (been ) Tj ET Q q 0 0 0 rg BT 133.02 190.10 Td (complied ) Tj ET Q q 0 0 0 rg BT 172.73 190.10 Td (with.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 160.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.05 160.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 144.31 160.10 Td (does ) Tj ET Q q 0 0 0 rg BT 165.14 160.10 Td (not ) Tj ET Q q 0 0 0 rg BT 180.42 160.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 212.35 160.10 Td (any ) Tj ET Q q 0 0 0 rg BT 229.29 160.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 273.46 160.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.62 160.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 309.55 160.10 Td (or ) Tj ET Q q 0 0 0 rg BT 320.38 160.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 358.98 160.10 Td (defeasance ) Tj ET Q q 0 0 0 rg BT 405.33 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.16 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.88 160.10 Td (Notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (No ) Tj ET Q q 0 0 0 rg BT 64.72 130.10 Td (Recourse ) Tj ET Q q 0 0 0 rg BT 105.18 130.10 Td (Against ) Tj ET Q q 0 0 0 rg BT 139.36 130.10 Td (Others) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 100.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.44 100.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 128.66 100.10 Td (are ) Tj ET Q q 0 0 0 rg BT 142.76 100.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 168.54 100.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 198.77 100.10 Td (recourse ) Tj ET Q q 0 0 0 rg BT 234.53 100.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 280.87 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.09 100.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 312.71 100.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 345.70 100.10 Td (from ) Tj ET Q q 0 0 0 rg BT 367.03 100.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 412.25 100.10 Td (on ) Tj ET Q q 0 0 0 rg BT 424.14 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.25 100.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 497.35 100.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.57 100.10 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.38 88.10 Td (described ) Tj ET Q q 0 0 0 rg BT 100.74 88.10 Td (herein, ) Tj ET Q q 0 0 0 rg BT 130.27 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.75 88.10 Td (are ) Tj ET Q q 0 0 0 rg BT 161.00 88.10 Td (not ) Tj ET Q q 0 0 0 rg BT 175.82 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.09 88.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 236.57 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.95 88.10 Td (any ) Tj ET Q q 0 0 0 rg BT 263.43 88.10 Td (other ) Tj ET Q q 0 0 0 rg BT 286.02 88.10 Td (person. ) Tj ET Q q 0 0 0 rg BT 317.23 88.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 349.26 88.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 371.59 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.41 88.10 Td (its ) Tj ET Q q 0 0 0 rg BT 392.90 88.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 428.26 88.10 Td (as ) Tj ET Q q 0 0 0 rg BT 438.63 88.10 Td (servicer) Tj ET Q q 0 0 0 rg BT 469.88 88.10 Td (, ) Tj ET Q q 0 0 0 rg BT 474.42 88.10 Td (as ) Tj ET Q q 0 0 0 rg BT 484.80 88.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 510.17 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.55 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.81 88.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 70.30 76.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 125.02 76.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 153.66 76.10 Td (or ) Tj ET Q q 0 0 0 rg BT 164.51 76.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 208.41 76.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 224.26 76.10 Td (any ) Tj ET Q q 0 0 0 rg BT 241.22 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.07 76.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 277.51 76.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 317.51 76.10 Td (of) Tj ET Q q 0 0 0 rg BT 325.66 76.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 350.39 76.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.24 76.10 Td (af) Tj ET Q q 0 0 0 rg BT 368.83 76.10 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 401.06 76.10 Td (has ) Tj ET Q q 0 0 0 rg BT 416.91 76.10 Td (any ) Tj ET Q q 0 0 0 rg BT 433.87 76.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 467.50 76.10 Td (for ) Tj ET Q q 0 0 0 rg BT 481.67 76.10 Td (any ) Tj ET Q q 0 0 0 rg BT 498.63 76.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 535.04 76.10 Td (due ) Tj ET Q q 0 0 0 rg BT 552.00 76.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.35 64.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 89.80 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 100.26 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.61 64.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 173.95 64.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 214.39 64.10 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 243.46 64.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 265.58 64.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 306.57 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.03 64.10 Td (a ) Tj ET Q q 0 0 0 rg BT 323.60 64.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 347.67 64.10 Td (by ) Tj ET Q q 0 0 0 rg BT 359.79 64.10 Td (accepting ) Tj ET Q q 0 0 0 rg BT 400.23 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.58 64.10 Td (same, ) Tj ET Q q 0 0 0 rg BT 439.76 64.10 Td (is ) Tj ET Q q 0 0 0 rg BT 448.55 64.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 481.78 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.68 64.10 Td (waive ) Tj ET Q q 0 0 0 rg BT 517.69 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.26 64.10 Td (release ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (all ) Tj ET Q q 0 0 0 rg BT 62.50 52.10 Td (such ) Tj ET Q q 0 0 0 rg BT 83.33 52.10 Td (liability) Tj ET Q q 0 0 0 rg BT 113.78 52.10 Td (.) Tj ET Q endstream endobj 165 0 obj <> endobj 166 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (82) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (Governing ) Tj ET Q q 0 0 0 rg BT 96.39 727.10 Td (Law) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 697.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.50 697.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 143.22 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.62 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.79 697.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 199.07 697.10 Td (are ) Tj ET Q q 0 0 0 rg BT 213.24 697.10 Td (governed ) Tj ET Q q 0 0 0 rg BT 252.40 697.10 Td (by ) Tj ET Q q 0 0 0 rg BT 264.35 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.53 697.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 298.81 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.10 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.27 697.10 Td (State ) Tj ET Q q 0 0 0 rg BT 345.22 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.51 697.10 Td (New ) Tj ET Q q 0 0 0 rg BT 376.05 697.10 Td (Y) Tj ET Q q 0 0 0 rg BT 382.27 697.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 397.56 697.10 Td (without ) Tj ET Q q 0 0 0 rg BT 430.07 697.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 457.57 697.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.30 697.10 Td (any ) Tj ET Q q 0 0 0 rg BT 483.69 697.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 521.19 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.48 697.10 Td (conflict ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 685.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 81.66 685.10 Td (that ) Tj ET Q q 0 0 0 rg BT 99.16 685.10 Td (would ) Tj ET Q q 0 0 0 rg BT 126.66 685.10 Td (require ) Tj ET Q q 0 0 0 rg BT 157.47 685.10 Td (or ) Tj ET Q q 0 0 0 rg BT 168.30 685.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 196.90 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.62 685.10 Td (application ) Tj ET Q q 0 0 0 rg BT 258.55 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.38 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.10 685.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 304.93 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.76 685.10 Td (any ) Tj ET Q q 0 0 0 rg BT 332.70 685.10 Td (other ) Tj ET Q q 0 0 0 rg BT 355.74 685.10 Td (jurisdiction.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 103.07 655.10 Td (Concerning ) Tj ET Q q 0 0 0 rg BT 154.47 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.75 655.10 Td (T) Tj ET Q q 0 0 0 rg BT 175.49 655.10 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 625.10 Td (CSC ) Tj ET Q q 0 0 0 rg BT 107.22 625.10 Td (T) Tj ET Q q 0 0 0 rg BT 112.98 625.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 130.48 625.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 171.86 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.69 625.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 223.50 625.10 Td (is ) Tj ET Q q 0 0 0 rg BT 232.67 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.39 625.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 276.54 625.10 Td (under ) Tj ET Q q 0 0 0 rg BT 301.81 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.53 625.10 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 359.29 625.10 Td (If ) Tj ET Q q 0 0 0 rg BT 368.45 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.39 625.10 Td (when ) Tj ET Q q 0 0 0 rg BT 409.55 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.27 625.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 453.42 625.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 490.91 625.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.85 625.10 Td (creditor ) Tj ET Q q 0 0 0 rg BT 531.44 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.27 625.10 Td (PFL, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 613.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 93.67 613.10 Td (will ) Tj ET Q q 0 0 0 rg BT 111.62 613.10 Td (be ) Tj ET Q q 0 0 0 rg BT 123.45 613.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 154.17 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.35 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.96 613.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 223.03 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.76 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.20 613.10 Td (T) Tj ET Q q 0 0 0 rg BT 253.95 613.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 271.35 613.10 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 311.53 613.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 328.37 613.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 369.08 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.69 613.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 425.52 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.24 613.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 464.74 613.10 Td (against ) Tj ET Q q 0 0 0 rg BT 495.47 613.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 517.42 613.10 Td (The ) Tj ET Q q 0 0 0 rg BT 535.36 613.10 Td (trustee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.25 601.10 Td (its ) Tj ET Q q 0 0 0 rg BT 79.50 601.10 Td (af) Tj ET Q q 0 0 0 rg BT 87.09 601.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 117.11 601.10 Td (will ) Tj ET Q q 0 0 0 rg BT 135.47 601.10 Td (be ) Tj ET Q q 0 0 0 rg BT 147.71 601.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 188.84 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.43 601.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 230.55 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.13 601.10 Td (other ) Tj ET Q q 0 0 0 rg BT 264.49 601.10 Td (transactions; ) Tj ET Q q 0 0 0 rg BT 317.84 601.10 Td (however) Tj ET Q q 0 0 0 rg BT 351.86 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 357.17 601.10 Td (if ) Tj ET Q q 0 0 0 rg BT 366.09 601.10 Td (they ) Tj ET Q q 0 0 0 rg BT 386.11 601.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 418.34 601.10 Td (any ) Tj ET Q q 0 0 0 rg BT 435.58 601.10 Td (conflicting ) Tj ET Q q 0 0 0 rg BT 481.71 601.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 516.45 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.48 601.10 Td (conflict ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (must ) Tj ET Q q 0 0 0 rg BT 71.95 589.10 Td (be ) Tj ET Q q 0 0 0 rg BT 83.89 589.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 128.59 589.10 Td (or ) Tj ET Q q 0 0 0 rg BT 139.42 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.14 589.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 183.30 589.10 Td (must ) Tj ET Q q 0 0 0 rg BT 205.24 589.10 Td (resign.) 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Q q 0 0 0 rg BT 440.19 529.10 Td (be ) Tj ET Q q 0 0 0 rg BT 452.44 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.46 529.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 486.38 529.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 512.51 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.65 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 529.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.35 517.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 86.04 517.10 Td (will ) Tj ET Q q 0 0 0 rg BT 103.50 517.10 Td (be ) Tj ET Q q 0 0 0 rg BT 114.84 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.97 517.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 146.98 517.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 172.22 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.46 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.58 517.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 216.27 517.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 270.38 517.10 Td (Rights. ) Tj ET Q q 0 0 0 rg BT 300.77 517.10 Td (The ) Tj ET Q q 0 0 0 rg BT 318.22 517.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 337.91 517.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 392.02 517.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 420.04 517.10 Td (will ) Tj ET Q q 0 0 0 rg BT 437.51 517.10 Td (not ) Tj ET Q q 0 0 0 rg BT 452.19 517.10 Td (be ) Tj ET Q q 0 0 0 rg BT 463.54 517.10 Td (separable ) Tj ET Q q 0 0 0 rg BT 503.20 517.10 Td (from ) Tj ET Q q 0 0 0 rg BT 524.54 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.67 517.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 505.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 80.57 505.10 Td (on ) Tj ET Q q 0 0 0 rg BT 92.44 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.54 505.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 157.28 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.59 505.10 Td (will ) Tj ET Q q 0 0 0 rg BT 191.03 505.10 Td (not ) Tj ET Q q 0 0 0 rg BT 205.69 505.10 Td (be ) Tj ET Q q 0 0 0 rg BT 217.00 505.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 253.32 505.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.64 505.10 Td (value ) Tj ET Q q 0 0 0 rg BT 283.17 505.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 317.81 505.10 Td (from ) Tj ET Q q 0 0 0 rg BT 339.12 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.22 505.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 380.79 505.10 Td (The ) Tj ET Q q 0 0 0 rg BT 398.22 505.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 417.88 505.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 471.96 505.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 499.96 505.10 Td (are ) Tj ET Q q 0 0 0 rg BT 514.04 505.10 Td ("investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (contracts" ) Tj ET Q q 0 0 0 rg BT 92.48 493.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 119.78 493.10 Td (by ) Tj ET Q q 0 0 0 rg BT 132.08 493.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 152.16 493.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 185.00 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.08 493.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 216.82 493.10 Td (holders. ) Tj ET Q q 0 0 0 rg BT 250.89 493.10 Td (The ) Tj ET Q q 0 0 0 rg BT 268.74 493.10 Td (phrase ) Tj ET Q q 0 0 0 rg BT 297.13 493.10 Td ("investment ) Tj ET Q q 0 0 0 rg BT 347.40 493.10 Td (contract" ) Tj ET Q q 0 0 0 rg BT 385.98 493.10 Td (is ) Tj ET Q q 0 0 0 rg BT 394.95 493.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.69 493.10 Td (concept ) Tj ET Q q 0 0 0 rg BT 435.08 493.10 Td (under ) Tj ET Q q 0 0 0 rg BT 460.15 493.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 490.21 493.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 530.27 493.10 Td (law ) Tj ET Q q 0 0 0 rg BT 547.01 493.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 74.96 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.95 481.10 Td (an ) Tj ET Q q 0 0 0 rg BT 96.59 481.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 148.76 481.10 Td (where ) Tj ET Q q 0 0 0 rg BT 175.40 481.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 213.71 481.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 239.80 481.10 Td (money ) Tj ET Q q 0 0 0 rg BT 269.22 481.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.21 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.85 481.10 Td (common ) Tj ET Q q 0 0 0 rg BT 323.05 481.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 364.68 481.10 Td (with ) Tj ET Q q 0 0 0 rg BT 384.66 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.08 481.10 Td (expectation ) Tj ET Q q 0 0 0 rg BT 447.38 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.91 481.10 Td (profits, ) Tj ET Q q 0 0 0 rg BT 488.72 481.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 528.14 481.10 Td (from ) Tj ET Q q 0 0 0 rg BT 549.78 481.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 469.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 78.24 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.90 469.10 Td (others. ) Tj ET Q q 0 0 0 rg BT 118.16 469.10 Td (Here, ) Tj ET Q q 0 0 0 rg BT 142.41 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.95 469.10 Td ("investment ) Tj ET Q q 0 0 0 rg BT 207.24 469.10 Td (contracts" ) Tj ET Q q 0 0 0 rg BT 249.74 469.10 Td (that ) Tj ET Q q 0 0 0 rg BT 267.06 469.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 287.17 469.10 Td (is ) Tj ET Q q 0 0 0 rg BT 296.16 469.10 Td (registering ) Tj ET Q q 0 0 0 rg BT 341.25 469.10 Td (as ) Tj ET Q q 0 0 0 rg BT 351.90 469.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 372.01 469.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 426.54 469.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 454.98 469.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 476.18 469.10 Td (from ) Tj ET Q q 0 0 0 rg BT 497.94 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.49 469.10 Td (services ) Tj ET Q q 0 0 0 rg BT 547.02 469.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 71.72 457.10 Td (has ) Tj ET Q q 0 0 0 rg BT 88.99 457.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 128.48 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.85 457.10 Td (will ) Tj ET Q q 0 0 0 rg BT 166.35 457.10 Td (provide, ) Tj ET Q q 0 0 0 rg BT 203.34 457.10 Td (as ) Tj ET Q q 0 0 0 rg BT 215.60 457.10 Td (described ) Tj ET Q q 0 0 0 rg BT 257.86 457.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.58 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.86 457.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 348.48 457.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 399.35 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.50 457.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 460.26 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.41 457.10 Td (Investor ) Tj ET Q q 0 0 0 rg BT 513.12 457.10 Td (Registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.42 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.36 445.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.64 445.10 Td (this ) Tj ET Q q 0 0 0 rg BT 143.59 445.10 Td (prospectus, ) Tj ET Q q 0 0 0 rg BT 191.36 445.10 Td (which ) Tj ET Q q 0 0 0 rg BT 218.30 445.10 Td (services ) Tj ET Q q 0 0 0 rg BT 253.00 445.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 287.44 445.10 Td (but ) Tj ET Q q 0 0 0 rg BT 302.71 445.10 Td (are ) Tj ET Q q 0 0 0 rg BT 317.42 445.10 Td (not ) Tj ET Q q 0 0 0 rg BT 332.70 445.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 363.53 445.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 409.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 409.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 167.42 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.36 409.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 224.62 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.45 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.17 409.10 Td (marketplace;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 391.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 391.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 161.59 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.42 391.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 211.57 391.10 Td (information;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 373.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 373.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 157.15 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.09 373.10 Td (validation ) Tj ET Q q 0 0 0 rg BT 216.58 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.41 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.13 373.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 275.18 373.10 Td (Score ) Tj ET Q q 0 0 0 rg BT 300.45 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.38 373.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 350.44 373.10 Td (Rating;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 355.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 355.10 Td (remitting ) Tj ET Q q 0 0 0 rg BT 152.16 355.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 191.31 355.10 Td (payments; ) Tj ET Q q 0 0 0 rg BT 234.91 355.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 337.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 337.10 Td (collecting ) Tj ET Q q 0 0 0 rg BT 154.93 337.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.43 337.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 212.14 337.10 Td (accounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 307.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 125.44 307.10 Td (who ) Tj ET Q q 0 0 0 rg BT 145.44 307.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 183.76 307.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 204.32 307.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 259.30 307.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 288.20 307.10 Td (will ) Tj ET Q q 0 0 0 rg BT 306.54 307.10 Td (have ) Tj ET Q q 0 0 0 rg BT 328.19 307.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 353.75 307.10 Td (under ) Tj ET Q q 0 0 0 rg BT 379.30 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.30 307.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 424.83 307.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 465.37 307.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 486.48 307.10 Td (as ) Tj ET Q q 0 0 0 rg BT 497.59 307.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.81 307.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 546.46 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.57 307.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 92.88 295.10 Td (security) Tj ET Q q 0 0 0 rg BT 123.89 295.10 Td (. ) Tj ET Q q 0 0 0 rg BT 129.84 295.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 169.96 295.10 Td (will ) Tj ET Q q 0 0 0 rg BT 188.97 295.10 Td (have ) Tj ET Q q 0 0 0 rg BT 211.30 295.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 243.09 295.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 290.96 295.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 319.70 295.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 369.80 295.10 Td (through ) Tj ET Q q 0 0 0 rg BT 404.37 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.04 295.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 461.26 295.10 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 493.87 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.10 295.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 538.54 295.10 Td (PMI's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 97.53 283.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 145.09 283.10 Td (under ) Tj ET Q q 0 0 0 rg BT 170.98 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.62 283.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 248.60 283.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 298.64 283.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 321.75 283.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 369.29 283.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 395.18 283.10 Td (exist ) Tj ET Q q 0 0 0 rg BT 417.18 283.10 Td (under ) Tj ET Q q 0 0 0 rg BT 443.07 283.10 Td (state ) Tj ET Q q 0 0 0 rg BT 464.51 283.10 Td (law ) Tj ET Q q 0 0 0 rg BT 482.06 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.62 283.10 Td (will ) Tj ET Q q 0 0 0 rg BT 518.29 283.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 536.68 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 547.58 283.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (way) Tj ET Q q 0 0 0 rg BT 66.01 271.10 Td (, ) Tj ET Q q 0 0 0 rg BT 71.01 271.10 Td (af) Tj ET Q q 0 0 0 rg BT 78.60 271.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 96.08 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.80 271.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 136.08 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.91 271.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 185.52 271.10 Td (under ) Tj ET Q q 0 0 0 rg BT 210.79 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.50 271.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 255.76 271.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 296.02 271.10 Td (laws.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 241.10 Td (There ) Tj ET Q q 0 0 0 rg BT 112.46 241.10 Td (are ) Tj ET Q q 0 0 0 rg BT 127.82 241.10 Td (no ) Tj ET Q q 0 0 0 rg BT 140.97 241.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 178.55 241.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 226.15 241.10 Td (on ) Tj ET Q q 0 0 0 rg BT 239.30 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.66 241.10 Td (part ) Tj ET Q q 0 0 0 rg BT 273.36 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.84 241.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 305.77 241.10 Td (or ) Tj ET Q q 0 0 0 rg BT 317.25 241.10 Td (any ) Tj ET Q q 0 0 0 rg BT 334.84 241.10 Td (third ) Tj ET Q q 0 0 0 rg BT 356.87 241.10 Td (party ) Tj ET Q q 0 0 0 rg BT 380.57 241.10 Td (under ) Tj ET Q q 0 0 0 rg BT 406.49 241.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.97 241.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.90 241.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 462.59 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.51 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.88 241.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 509.81 241.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 77.99 229.10 Td (that ) Tj ET Q q 0 0 0 rg BT 94.86 229.10 Td (are ) Tj ET Q q 0 0 0 rg BT 108.95 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.60 229.10 Td (any ) Tj ET Q q 0 0 0 rg BT 134.91 229.10 Td (way ) Tj ET Q q 0 0 0 rg BT 153.45 229.10 Td (related ) Tj ET Q q 0 0 0 rg BT 182.52 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.18 229.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 230.70 229.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 277.02 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.67 229.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 319.09 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.75 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.84 229.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 383.03 229.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 409.35 229.10 Td (or ) Tj ET Q q 0 0 0 rg BT 419.55 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.20 229.10 Td (any ) Tj ET Q q 0 0 0 rg BT 445.52 229.10 Td (way ) Tj ET Q q 0 0 0 rg BT 464.05 229.10 Td (related ) Tj ET Q q 0 0 0 rg BT 493.13 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.78 229.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 527.58 229.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.98 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.29 217.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 140.37 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.68 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.43 217.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 193.61 217.10 Td (The ) Tj ET Q q 0 0 0 rg BT 211.69 217.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 232.01 217.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 286.75 217.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 315.40 217.10 Td (attached ) Tj ET Q q 0 0 0 rg BT 351.24 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.56 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.31 217.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 402.17 217.10 Td (will ) Tj ET Q q 0 0 0 rg BT 420.26 217.10 Td (not ) Tj ET Q q 0 0 0 rg BT 435.57 217.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 474.76 217.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 514.49 217.10 Td (therefor ) Tj ET Q q 0 0 0 rg BT 548.67 217.10 Td (nor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 94.97 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.52 205.10 Td (any ) Tj ET Q q 0 0 0 rg BT 122.18 205.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 162.72 205.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 189.38 205.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.93 205.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 227.98 205.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 243.53 205.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 279.61 205.10 Td (any ) Tj ET Q q 0 0 0 rg BT 296.26 205.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 320.71 205.10 Td (or ) Tj ET Q q 0 0 0 rg BT 331.25 205.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 369.01 205.10 Td (that ) Tj ET Q q 0 0 0 rg BT 386.23 205.10 Td (will ) Tj ET Q q 0 0 0 rg BT 404.00 205.10 Td (be ) Tj ET Q q 0 0 0 rg BT 415.66 205.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 448.97 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.97 205.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 480.92 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.36 205.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 535.34 205.10 Td (trustee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.21 193.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 93.52 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.73 193.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 130.94 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.59 193.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 175.01 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.67 193.10 Td (any ) Tj ET Q q 0 0 0 rg BT 202.99 193.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 244.18 193.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 271.50 193.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.71 193.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 311.41 193.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 345.95 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.16 193.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 383.37 193.10 Td (will ) Tj ET Q q 0 0 0 rg BT 401.80 193.10 Td (have ) Tj ET Q q 0 0 0 rg BT 423.56 193.10 Td (no ) Tj ET Q q 0 0 0 rg BT 436.43 193.10 Td (recourse ) Tj ET Q q 0 0 0 rg BT 473.18 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.83 193.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 504.49 193.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.70 193.10 Td (its ) Tj ET Q q 0 0 0 rg BT 528.03 193.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 554.23 193.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 83.37 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.97 181.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 135.12 181.10 Td (on ) Tj ET Q q 0 0 0 rg BT 147.95 181.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 189.10 181.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 216.36 181.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.52 181.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 256.17 181.10 Td (If ) Tj ET Q q 0 0 0 rg BT 265.66 181.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 282.52 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.35 181.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 335.37 181.10 Td (any ) Tj ET Q q 0 0 0 rg BT 352.63 181.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 381.29 181.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 401.90 181.10 Td (will ) Tj ET Q q 0 0 0 rg BT 420.28 181.10 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 473.64 181.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 519.77 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.82 181.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 70.28 169.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 124.99 169.10 Td (Right ) Tj ET Q q 0 0 0 rg BT 149.71 169.10 Td (for ) Tj ET Q q 0 0 0 rg BT 163.87 169.10 Td (zero ) Tj ET Q q 0 0 0 rg BT 183.58 169.10 Td (consideration.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 139.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.54 139.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 143.30 139.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 171.95 139.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.62 139.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.05 139.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 231.81 139.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 278.78 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.11 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.88 139.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 364.99 139.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 411.41 139.10 Td (on ) Tj ET Q q 0 0 0 rg BT 423.40 139.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 450.38 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.71 139.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 492.14 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.47 139.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 527.80 139.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.23 139.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 105.06 127.10 Td (Rights. ) Tj ET Q q 0 0 0 rg BT 136.53 127.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 171.04 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.22 127.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 208.41 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.70 127.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 246.33 127.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 301.39 127.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 330.36 127.10 Td (will ) Tj ET Q q 0 0 0 rg BT 348.77 127.10 Td (not ) Tj ET Q q 0 0 0 rg BT 364.40 127.10 Td (have ) Tj ET Q q 0 0 0 rg BT 386.13 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.20 127.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 448.47 127.10 Td (right ) Tj ET Q q 0 0 0 rg BT 470.21 127.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 521.40 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.03 127.10 Td (enforce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 76.59 115.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 124.15 115.10 Td (under ) Tj ET Q q 0 0 0 rg BT 150.03 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.67 115.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 227.65 115.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 277.69 115.10 Td (but ) Tj ET Q q 0 0 0 rg BT 293.58 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.92 115.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 341.47 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.91 115.10 Td (at ) Tj ET Q q 0 0 0 rg BT 363.24 115.10 Td (least ) Tj ET Q q 0 0 0 rg BT 384.68 115.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 406.13 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.57 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.90 115.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 482.68 115.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 509.13 115.10 Td (will ) Tj ET Q q 0 0 0 rg BT 527.80 115.10 Td (have ) Tj ET Q q 0 0 0 rg BT 549.79 115.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 96.50 103.10 Td (right, ) Tj ET Q q 0 0 0 rg BT 119.97 103.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 150.37 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.23 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.53 103.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 218.27 103.10 Td (set ) Tj ET Q q 0 0 0 rg BT 231.46 103.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 252.98 103.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.84 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.13 103.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 320.03 103.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 368.75 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.61 103.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 402.90 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.20 103.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 457.04 103.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 485.78 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.63 103.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 527.69 103.10 Td (its ) Tj ET Q q 0 0 0 rg BT 539.22 103.10 Td (rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.41 91.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.92 91.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 111.76 91.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 158.80 91.10 Td (under ) Tj ET Q q 0 0 0 rg BT 183.65 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.48 91.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 259.65 91.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 308.65 91.10 Td (In ) Tj ET Q q 0 0 0 rg BT 319.05 91.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 356.40 91.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 387.92 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.32 91.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 418.18 91.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 472.46 91.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 500.65 91.10 Td (will ) Tj ET Q q 0 0 0 rg BT 518.28 91.10 Td (have ) Tj ET Q q 0 0 0 rg BT 539.24 91.10 Td (rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.38 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.21 79.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 120.58 79.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 160.95 79.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 181.89 79.10 Td (that ) Tj ET Q q 0 0 0 rg BT 199.50 79.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.32 79.10 Td (not ) Tj ET Q q 0 0 0 rg BT 229.71 79.10 Td (limited, ) Tj ET Q q 0 0 0 rg BT 263.15 79.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 317.96 79.10 Td (or ) Tj ET Q q 0 0 0 rg BT 328.91 79.10 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 372.90 79.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 398.98 79.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 446.04 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.43 79.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 489.59 79.10 Td (services ) Tj ET Q q 0 0 0 rg BT 524.41 79.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.79 79.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.80 67.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 160.10 67.10 Td (may ) Tj ET Q q 0 0 0 rg BT 180.20 67.10 Td (be ) Tj ET Q q 0 0 0 rg BT 192.51 67.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 238.15 67.10 Td (by ) Tj ET Q q 0 0 0 rg BT 251.03 67.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 271.70 67.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.91 67.10 Td (by ) Tj ET Q q 0 0 0 rg BT 295.79 67.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 312.65 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.53 67.10 Td (under ) Tj ET Q q 0 0 0 rg BT 341.17 67.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 371.26 67.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 430.78 67.10 Td (described ) Tj ET Q q 0 0 0 rg BT 471.97 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.63 67.10 Td (this ) Tj ET Q q 0 0 0 rg BT 499.96 67.10 Td (prospectus. ) Tj ET Q q 0 0 0 rg BT 548.11 67.10 Td (For ) Tj ET Q endstream endobj 167 0 obj <> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (more ) Tj ET Q q 0 0 0 rg BT 75.13 742.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 129.43 742.10 Td (see ) Tj ET Q q 0 0 0 rg BT 146.79 742.10 Td ("Summary ) Tj ET Q q 0 0 0 rg BT 194.34 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.26 742.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 252.66 742.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 278.91 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.83 742.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 322.25 742.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 344.61 742.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 401.40 742.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 432.11 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.12 742.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 514.24 742.10 Td (Agreement-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.50 730.10 Td (Agreement-Indenture ) Tj ET Q q 0 0 0 rg BT 200.89 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 206.65 730.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 233.02 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 243.67 730.10 Td (Third-Party ) Tj ET Q q 0 0 0 rg BT 292.83 730.10 Td (Beneficiary) Tj ET Q q 0 0 0 rg BT 338.82 730.10 Td (.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 700.10 Td (ermination ) Tj ET Q q 0 0 0 rg BT 136.22 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.03 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.41 700.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 221.12 700.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 267.03 700.10 Td (would ) Tj ET Q q 0 0 0 rg BT 293.51 700.10 Td (not ) Tj ET Q q 0 0 0 rg BT 307.78 700.10 Td (af) Tj ET Q q 0 0 0 rg BT 315.36 700.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 331.83 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.54 700.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 369.80 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.62 700.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 410.54 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.36 700.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 464.06 700.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 490.55 700.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 509.82 700.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 80.15 688.10 Td (under ) Tj ET Q q 0 0 0 rg BT 106.94 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.18 688.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 154.96 688.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 196.76 688.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 221.61 688.10 Td (If ) Tj ET Q q 0 0 0 rg BT 232.30 688.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 249.16 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.19 688.10 Td (or ) Tj ET Q q 0 0 0 rg BT 265.54 688.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 287.35 688.10 Td (were ) Tj ET Q q 0 0 0 rg BT 310.81 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.61 688.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 364.40 688.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 391.90 688.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 440.37 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.18 688.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 486.75 688.10 Td (services ) Tj ET Q q 0 0 0 rg BT 522.99 688.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.78 688.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.81 676.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 162.63 676.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 183.31 676.10 Td (would ) Tj ET Q q 0 0 0 rg BT 211.20 676.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 235.74 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.42 676.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 269.31 676.10 Td (new ) Tj ET Q q 0 0 0 rg BT 288.87 676.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 309.55 676.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 364.64 676.10 Td (Rights. ) Tj ET Q q 0 0 0 rg BT 396.16 676.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 413.02 676.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.91 676.10 Td (has ) Tj ET Q q 0 0 0 rg BT 432.14 676.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 464.46 676.10 Td (into ) Tj ET Q q 0 0 0 rg BT 482.91 676.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.24 676.10 Td (back-up ) Tj ET Q q 0 0 0 rg BT 525.35 676.10 Td (servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 93.78 664.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.71 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.29 664.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 139.65 664.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 178.45 664.10 Td (company ) Tj ET Q q 0 0 0 rg BT 217.25 664.10 Td (who ) Tj ET Q q 0 0 0 rg BT 236.61 664.10 Td (is ) Tj ET Q q 0 0 0 rg BT 245.42 664.10 Td (willing ) Tj ET Q q 0 0 0 rg BT 275.90 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.49 664.10 Td (able ) Tj ET Q q 0 0 0 rg BT 311.28 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.21 664.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 361.12 664.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 380.48 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.07 664.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 418.65 664.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 457.45 664.10 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 520.14 664.10 Td (from ) Tj ET Q q 0 0 0 rg BT 541.72 664.10 Td (PMI, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (but ) Tj ET Q q 0 0 0 rg BT 64.72 652.10 Td (it ) Tj ET Q q 0 0 0 rg BT 72.22 652.10 Td (is ) Tj ET Q q 0 0 0 rg BT 80.83 652.10 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 115.54 652.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.48 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.64 652.10 Td (back-up ) Tj ET Q q 0 0 0 rg BT 180.78 652.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 214.37 652.10 Td (would ) Tj ET Q q 0 0 0 rg BT 241.31 652.10 Td (be ) Tj ET Q q 0 0 0 rg BT 252.69 652.10 Td (able ) Tj ET Q q 0 0 0 rg BT 271.29 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.01 652.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 315.15 652.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 354.31 652.10 Td (other ) Tj ET Q q 0 0 0 rg BT 376.80 652.10 Td (than ) Tj ET Q q 0 0 0 rg BT 395.96 652.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 434.55 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.71 652.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 497.32 652.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 537.58 652.10 Td (Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.05 640.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 95.31 640.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 139.84 640.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 156.70 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.31 640.10 Td (might ) Tj ET Q q 0 0 0 rg BT 185.26 640.10 Td (have ) Tj ET Q q 0 0 0 rg BT 206.75 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.15 640.10 Td (suspend ) Tj ET Q q 0 0 0 rg BT 251.98 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.82 640.10 Td (facilitation ) Tj ET Q q 0 0 0 rg BT 312.75 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.69 640.10 Td (new ) Tj ET Q q 0 0 0 rg BT 342.97 640.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 383.90 640.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 410.95 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.01 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.84 640.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 479.33 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.27 640.10 Td (new ) Tj ET Q q 0 0 0 rg BT 509.55 640.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 535.49 640.10 Td (until ) Tj ET Q q 0 0 0 rg BT 556.44 640.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.25 628.10 Td (find ) Tj ET Q q 0 0 0 rg BT 92.40 628.10 Td (another ) Tj ET Q q 0 0 0 rg BT 124.42 628.10 Td (party ) Tj ET Q q 0 0 0 rg BT 147.01 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.38 628.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 186.07 628.10 Td (that ) Tj ET Q q 0 0 0 rg BT 203.10 628.10 Td (could ) Tj ET Q q 0 0 0 rg BT 227.36 628.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 261.60 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.85 628.10 Td (services ) Tj ET Q q 0 0 0 rg BT 310.10 628.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 329.92 628.10 Td (had ) Tj ET Q q 0 0 0 rg BT 346.40 628.10 Td (been ) Tj ET Q q 0 0 0 rg BT 367.31 628.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 414.33 628.10 Td (under ) Tj ET Q q 0 0 0 rg BT 439.14 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.94 628.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 515.08 628.10 Td (Agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.06 616.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 104.02 616.10 Td (it ) Tj ET Q q 0 0 0 rg BT 111.77 616.10 Td (could ) Tj ET Q q 0 0 0 rg BT 136.19 616.10 Td (find ) Tj ET Q q 0 0 0 rg BT 154.49 616.10 Td (another ) Tj ET Q q 0 0 0 rg BT 186.67 616.10 Td (party ) Tj ET Q q 0 0 0 rg BT 209.42 616.10 Td (or ) Tj ET Q q 0 0 0 rg BT 219.95 616.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 248.80 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.77 616.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 293.18 616.10 Td (such ) Tj ET Q q 0 0 0 rg BT 313.71 616.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 350.61 616.10 Td (but ) Tj ET Q q 0 0 0 rg BT 365.59 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.00 616.10 Td (search ) Tj ET Q q 0 0 0 rg BT 407.73 616.10 Td (could ) Tj ET Q q 0 0 0 rg BT 432.15 616.10 Td (take ) Tj ET Q q 0 0 0 rg BT 451.00 616.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 473.47 616.10 Td (For ) Tj ET Q q 0 0 0 rg BT 489.56 616.10 Td (more ) Tj ET Q q 0 0 0 rg BT 512.30 616.10 Td (information, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (see ) Tj ET Q q 0 0 0 rg BT 65.27 604.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 90.19 604.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 147.69 604.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 180.73 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.01 604.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 231.83 604.10 Td (Default.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 117.51 574.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 133.99 574.10 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 544.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.28 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.13 544.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 145.33 544.10 Td (have ) Tj ET Q q 0 0 0 rg BT 167.63 544.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 200.47 544.10 Td (into ) Tj ET Q q 0 0 0 rg BT 219.44 544.10 Td (an ) Tj ET Q q 0 0 0 rg BT 231.54 544.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 294.76 544.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 342.60 544.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 380.45 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.65 544.10 Td (which ) Tj ET Q q 0 0 0 rg BT 419.50 544.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 440.70 544.10 Td (will ) Tj ET Q q 0 0 0 rg BT 459.68 544.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 493.64 544.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 524.26 544.10 Td (corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 109.76 532.10 Td (services ) Tj ET Q q 0 0 0 rg BT 143.95 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.38 532.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 211.22 532.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 270.98 532.10 Td (services ) Tj ET Q q 0 0 0 rg BT 305.17 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.60 532.10 Td (will ) Tj ET Q q 0 0 0 rg BT 339.14 532.10 Td (service ) Tj ET Q q 0 0 0 rg BT 369.44 532.10 Td (all ) Tj ET Q q 0 0 0 rg BT 381.43 532.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 421.73 532.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 448.16 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.58 532.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 492.40 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 502.72 532.10 Td (well ) Tj ET Q q 0 0 0 rg BT 521.92 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.24 532.10 Td (all ) Tj ET Q q 0 0 0 rg BT 544.22 532.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 78.18 520.10 Td (This ) Tj ET Q q 0 0 0 rg BT 98.50 520.10 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 143.80 520.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 169.09 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.41 520.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 199.73 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.04 520.10 Td (its ) Tj ET Q q 0 0 0 rg BT 222.03 520.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 257.31 520.10 Td (capacities ) Tj ET Q q 0 0 0 rg BT 299.27 520.10 Td (under ) Tj ET Q q 0 0 0 rg BT 324.57 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.77 520.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 401.29 520.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 448.25 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.12 520.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 494.43 520.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 506.41 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.72 520.10 Td (its ) Tj ET Q q 0 0 0 rg BT 528.70 520.10 Td (capacity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.64 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.17 508.10 Td (party ) Tj ET Q q 0 0 0 rg BT 101.02 508.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 143.22 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.75 508.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 199.81 508.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 260.89 508.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 298.90 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 310.54 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.07 508.10 Td ("Corporate ) Tj ET Q q 0 0 0 rg BT 372.72 508.10 Td (Administrator) Tj ET Q q 0 0 0 rg BT 428.42 508.10 Td (," ) Tj ET Q q 0 0 0 rg BT 438.31 508.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 453.84 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.92 508.10 Td (its ) Tj ET Q q 0 0 0 rg BT 477.68 508.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 514.30 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 525.94 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.47 508.10 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 91.33 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.00 496.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 157.30 496.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 217.52 496.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 254.68 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 265.45 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.12 496.10 Td ("Loan ) Tj ET Q q 0 0 0 rg BT 307.19 496.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 359.07 496.10 Td (Administrator) Tj ET Q q 0 0 0 rg BT 414.78 496.10 Td (," ) Tj ET Q q 0 0 0 rg BT 423.81 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.69 496.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 458.13 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.36 496.10 Td (its ) Tj ET Q q 0 0 0 rg BT 480.26 496.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 516.01 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.79 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 496.10 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 89.16 484.10 Td (all ) Tj ET Q q 0 0 0 rg BT 101.65 484.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 142.47 484.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 171.91 484.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 200.24 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.18 484.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 237.46 484.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 265.79 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.62 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.34 484.10 Td ("Loan ) Tj ET Q q 0 0 0 rg BT 318.47 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.41 484.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 357.34 484.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 390.11 484.10 Td (.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.82 454.10 Td (following ) Tj ET Q q 0 0 0 rg BT 144.99 454.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 184.48 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.09 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.08 454.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 271.41 454.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 318.11 454.10 Td (does ) Tj ET Q q 0 0 0 rg BT 338.72 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 353.78 454.10 Td (purport ) Tj ET Q q 0 0 0 rg BT 385.49 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.55 454.10 Td (be ) Tj ET Q q 0 0 0 rg BT 407.26 454.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 446.19 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.91 454.10 Td (is ) Tj ET Q q 0 0 0 rg BT 471.86 454.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 509.68 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.73 454.10 Td (its ) Tj ET Q q 0 0 0 rg BT 531.46 454.10 Td (entirety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.93 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.07 442.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 117.65 442.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 142.80 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.17 442.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 204.76 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.02 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.52 442.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 293.35 442.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 342.56 442.10 Td (A) Tj ET Q q 0 0 0 rg BT 349.23 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.16 442.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 374.52 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.78 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.28 442.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 463.12 442.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 510.47 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 520.07 442.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 541.32 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 552.58 442.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (exhibit ) Tj ET Q q 0 0 0 rg BT 80.27 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.55 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.27 430.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 153.31 430.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 194.13 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.96 430.10 Td (which ) Tj ET Q q 0 0 0 rg BT 231.90 430.10 Td (this ) Tj ET Q q 0 0 0 rg BT 248.85 430.10 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 294.12 430.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 319.95 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.88 430.10 Td (part.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 415.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 93.99 400.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 156.49 400.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.10 Td (The ) Tj ET Q q 0 0 0 rg BT 105.97 370.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 149.41 370.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 209.93 370.10 Td (will ) Tj ET Q q 0 0 0 rg BT 229.92 370.10 Td (oversee ) Tj ET Q q 0 0 0 rg BT 264.88 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.52 370.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 305.94 370.10 Td (business ) Tj ET Q q 0 0 0 rg BT 344.25 370.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 390.33 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.09 370.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 419.95 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.38 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.24 370.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 478.21 370.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.07 370.10 Td (number ) Tj ET Q q 0 0 0 rg BT 522.04 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.80 370.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 109.71 358.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 146.36 358.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 178.86 358.10 Td (other ) Tj ET Q q 0 0 0 rg BT 201.91 358.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 236.34 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.06 358.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 292.99 358.10 Td (Administrator's ) Tj ET Q q 0 0 0 rg BT 357.29 358.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 383.68 358.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 405.06 358.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 325.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 325.10 Td (administering ) Tj ET Q q 0 0 0 rg BT 170.47 325.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 195.88 325.10 Td (day-to ) Tj ET Q q 0 0 0 rg BT 223.91 325.10 Td (day ) Tj ET Q q 0 0 0 rg BT 240.83 325.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 287.47 325.10 Td (including ) Tj ET Q q 0 0 0 rg BT 327.73 325.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 357.43 325.10 Td (\(solely ) Tj ET Q q 0 0 0 rg BT 387.13 325.10 Td (from ) Tj ET Q q 0 0 0 rg BT 409.05 325.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 434.46 325.10 Td (funds\) ) Tj ET Q q 0 0 0 rg BT 462.49 325.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 487.90 325.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 506.48 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.40 325.10 Td (expenses,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 307.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 307.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 141.39 307.10 Td (notices ) Tj ET Q q 0 0 0 rg BT 172.54 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.81 307.10 Td (communications ) Tj ET Q q 0 0 0 rg BT 258.74 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.35 307.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 295.10 307.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 322.91 307.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.07 307.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 350.93 307.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.76 307.10 Td (may ) Tj ET Q q 0 0 0 rg BT 373.81 307.10 Td (be ) Tj ET Q q 0 0 0 rg BT 386.08 307.10 Td (required ) Tj ET Q q 0 0 0 rg BT 422.22 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.83 307.10 Td (give ) Tj ET Q q 0 0 0 rg BT 452.88 307.10 Td (from ) Tj ET Q q 0 0 0 rg BT 475.15 307.10 Td (time ) Tj ET Q q 0 0 0 rg BT 495.75 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.36 307.10 Td (time ) Tj ET Q q 0 0 0 rg BT 526.96 307.10 Td (under ) Tj ET Q q 0 0 0 rg BT 552.56 307.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 295.10 Td (various ) Tj ET Q q 0 0 0 rg BT 144.94 295.10 Td (agreements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 277.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 277.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 163.54 277.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 189.24 277.10 Td (general ) Tj ET Q q 0 0 0 rg BT 221.43 277.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 268.08 277.10 Td (records ) Tj ET Q q 0 0 0 rg BT 300.28 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.49 277.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 358.58 277.10 Td (monthly) Tj ET Q q 0 0 0 rg BT 391.26 277.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.54 277.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 435.40 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.61 277.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 482.04 277.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 277.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 265.10 Td (as ) Tj ET Q q 0 0 0 rg BT 123.83 265.10 Td (may ) Tj ET Q q 0 0 0 rg BT 143.55 265.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.49 265.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 196.85 265.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.68 265.10 Td (appropriate,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 247.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 247.10 Td (retaining ) Tj ET Q q 0 0 0 rg BT 151.04 247.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.32 247.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 186.75 247.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 214.23 247.10 Td (an ) Tj ET Q q 0 0 0 rg BT 226.17 247.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 272.54 247.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 292.26 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.54 247.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 325.03 247.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 350.46 247.10 Td (year) Tj ET Q q 0 0 0 rg BT 367.46 247.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 387.73 247.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 425.21 247.10 Td (statements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 229.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 229.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 153.82 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.75 229.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 194.92 229.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 220.34 229.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 254.78 229.10 Td (franchise ) Tj ET Q q 0 0 0 rg BT 293.92 229.10 Td (or ) Tj ET Q q 0 0 0 rg BT 304.75 229.10 Td (other ) Tj ET Q q 0 0 0 rg BT 327.80 229.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 342.52 229.10 Td (returns,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 211.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 211.10 Td (causing ) Tj ET Q q 0 0 0 rg BT 146.05 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.33 211.10 Td (be ) Tj ET Q q 0 0 0 rg BT 168.26 211.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 187.98 211.10 Td (\(solely ) Tj ET Q q 0 0 0 rg BT 217.70 211.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.64 211.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 265.06 211.10 Td (funds\) ) Tj ET Q q 0 0 0 rg BT 293.11 211.10 Td (any ) Tj ET Q q 0 0 0 rg BT 310.05 211.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 333.10 211.10 Td (required ) Tj ET Q q 0 0 0 rg BT 368.91 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.19 211.10 Td (be ) Tj ET Q q 0 0 0 rg BT 391.13 211.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 410.85 211.10 Td (by ) Tj ET Q q 0 0 0 rg BT 423.35 211.10 Td (PFL,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 193.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 193.10 Td (not ) Tj ET Q q 0 0 0 rg BT 128.46 193.10 Td (knowingly ) Tj ET Q q 0 0 0 rg BT 173.92 193.10 Td (causing ) Tj ET Q q 0 0 0 rg BT 207.15 193.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 224.01 193.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.69 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.15 193.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 268.15 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.61 193.10 Td (any ) Tj ET Q q 0 0 0 rg BT 295.73 193.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 328.40 193.10 Td (that ) Tj ET Q q 0 0 0 rg BT 346.08 193.10 Td (would ) Tj ET Q q 0 0 0 rg BT 373.76 193.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 398.65 193.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 415.51 193.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.19 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.66 193.10 Td (be ) Tj ET Q q 0 0 0 rg BT 440.78 193.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 471.78 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.24 193.10 Td (income ) Tj ET Q q 0 0 0 rg BT 514.36 193.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.37 193.10 Td (franchise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 181.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 127.72 181.10 Td (on ) Tj ET Q q 0 0 0 rg BT 140.22 181.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.16 181.10 Td (net ) Tj ET Q q 0 0 0 rg BT 161.87 181.10 Td (income ) Tj ET Q q 0 0 0 rg BT 193.81 181.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 216.31 181.10 Td (by ) Tj ET Q q 0 0 0 rg BT 228.81 181.10 Td (any ) Tj ET Q q 0 0 0 rg BT 245.74 181.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 273.24 181.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 321.29 181.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 352.68 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.51 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.22 181.10 Td (United ) Tj ET Q q 0 0 0 rg BT 407.94 181.10 Td (States,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 163.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 163.10 Td (retaining ) Tj ET Q q 0 0 0 rg BT 151.04 163.10 Td (on ) Tj ET Q q 0 0 0 rg BT 163.54 163.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 188.97 163.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 216.45 163.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 247.84 163.10 Td (counsel,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 145.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 145.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 154.80 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.06 145.10 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 211.75 145.10 Td (any ) Tj ET Q q 0 0 0 rg BT 228.00 145.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 275.35 145.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 306.59 145.10 Td (into ) Tj ET Q q 0 0 0 rg BT 323.96 145.10 Td (by ) Tj ET Q q 0 0 0 rg BT 335.78 145.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 352.64 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.46 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.71 145.10 Td (establishing, ) Tj ET Q q 0 0 0 rg BT 422.80 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.39 145.10 Td (consultation ) Tj ET Q q 0 0 0 rg BT 483.09 145.10 Td (with ) Tj ET Q q 0 0 0 rg BT 502.69 145.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 524.24 145.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 133.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 159.37 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.65 133.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 198.24 133.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 215.10 133.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.60 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.88 133.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 260.37 133.10 Td (with ) Tj ET Q q 0 0 0 rg BT 280.65 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.37 133.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 320.08 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.92 133.10 Td (such ) Tj ET Q q 0 0 0 rg BT 351.75 133.10 Td (agreements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 115.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 115.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 154.39 115.10 Td (recordkeeping ) Tj ET Q q 0 0 0 rg BT 214.08 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.02 115.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 284.04 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.32 115.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 331.81 115.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 357.24 115.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 388.07 115.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 421.68 115.10 Td (company ) Tj ET Q q 0 0 0 rg BT 460.83 115.10 Td (existence,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 97.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 97.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 153.06 97.10 Td (resolutions ) Tj ET Q q 0 0 0 rg BT 198.70 97.10 Td (for ) Tj ET Q q 0 0 0 rg BT 212.10 97.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 267.72 97.10 Td (by ) Tj ET Q q 0 0 0 rg BT 279.47 97.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 304.14 97.10 Td (board ) Tj ET Q q 0 0 0 rg BT 328.66 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.73 97.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 375.47 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.99 97.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 431.70 97.10 Td (with ) Tj ET Q q 0 0 0 rg BT 451.23 97.10 Td (its ) Tj ET Q q 0 0 0 rg BT 462.42 97.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 492.50 97.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 525.35 97.10 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 85.10 Td (agreement,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 67.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 67.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 153.44 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.01 67.10 Td (having ) Tj ET Q q 0 0 0 rg BT 199.35 67.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 237.01 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.57 67.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 274.03 67.10 Td (all ) Tj ET Q q 0 0 0 rg BT 286.15 67.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 331.60 67.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 372.59 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.50 67.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 412.95 67.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 429.81 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.94 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.84 67.10 Td (do ) Tj ET Q q 0 0 0 rg BT 453.97 67.10 Td (business ) Tj ET Q q 0 0 0 rg BT 489.98 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.89 67.10 Td (any ) Tj ET Q q 0 0 0 rg BT 516.45 67.10 Td (jurisdiction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 55.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.28 55.10 Td (which ) Tj ET Q q 0 0 0 rg BT 150.22 55.10 Td (such ) Tj ET Q q 0 0 0 rg BT 171.05 55.10 Td (qualification ) Tj ET Q q 0 0 0 rg BT 224.08 55.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.25 55.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 274.62 55.10 Td (or ) Tj ET Q q 0 0 0 rg BT 285.45 55.10 Td (appropriate,) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.28 742.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 172.99 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 193.27 742.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 218.69 742.10 Td (counsel, ) Tj ET Q q 0 0 0 rg BT 254.24 742.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 301.18 742.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 349.77 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 370.05 742.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 408.65 742.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 463.36 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.29 742.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 523.88 742.10 Td (laws,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 724.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 152.70 724.10 Td (notices ) Tj ET Q q 0 0 0 rg BT 183.53 724.10 Td (on ) Tj ET Q q 0 0 0 rg BT 196.03 724.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 221.45 724.10 Td (behalf,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 706.10 Td (notifying ) Tj ET Q q 0 0 0 rg BT 152.17 706.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 169.03 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.53 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.36 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.07 706.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 240.13 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.96 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 267.90 706.10 Td (action, ) Tj ET Q q 0 0 0 rg BT 297.34 706.10 Td (suit ) Tj ET Q q 0 0 0 rg BT 314.28 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 325.11 706.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 372.04 706.10 Td (against, ) Tj ET Q q 0 0 0 rg BT 405.36 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.19 706.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 459.79 706.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 513.95 706.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 527.28 706.10 Td (PFL,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 688.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 163.58 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.83 688.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 231.41 688.10 Td (all ) Tj ET Q q 0 0 0 rg BT 244.21 688.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 285.89 688.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 308.14 688.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 345.93 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 360.40 688.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 377.26 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.07 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.32 688.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 439.56 688.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 465.29 688.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 485.87 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.46 688.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 544.23 688.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 676.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 152.43 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.37 676.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 213.54 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.37 676.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 249.80 676.10 Td (material ) Tj ET Q q 0 0 0 rg BT 285.06 676.10 Td (contracts,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 658.10 Td (notifying ) Tj ET Q q 0 0 0 rg BT 152.39 658.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 174.86 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.36 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.31 658.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 227.47 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.42 658.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 284.53 658.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 343.36 658.10 Td (has ) Tj ET Q q 0 0 0 rg BT 359.42 658.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 386.03 658.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 432.63 658.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 466.18 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.24 658.10 Td (any ) Tj ET Q q 0 0 0 rg BT 494.40 658.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 523.23 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.29 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 541.46 658.10 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.28 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.22 646.10 Td (material ) Tj ET Q q 0 0 0 rg BT 165.48 646.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 209.62 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.89 646.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 254.60 646.10 Td (any ) Tj ET Q q 0 0 0 rg BT 271.54 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.37 646.10 Td (its ) Tj ET Q q 0 0 0 rg BT 294.32 646.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 341.26 646.10 Td (with ) Tj ET Q q 0 0 0 rg BT 361.54 646.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 392.36 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.63 646.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 424.87 646.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 628.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 628.10 Td (from ) Tj ET Q q 0 0 0 rg BT 136.12 628.10 Td (time ) Tj ET Q q 0 0 0 rg BT 157.58 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.04 628.10 Td (time ) Tj ET Q q 0 0 0 rg BT 190.50 628.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 219.17 628.10 Td (at ) Tj ET Q q 0 0 0 rg BT 230.07 628.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 256.68 628.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 292.57 628.10 Td (such ) Tj ET Q q 0 0 0 rg BT 314.59 628.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 346.59 628.10 Td (as ) Tj ET Q q 0 0 0 rg BT 358.61 628.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 375.47 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.15 628.10 Td (may ) Tj ET Q q 0 0 0 rg BT 400.05 628.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 447.05 628.10 Td (request, ) Tj ET Q q 0 0 0 rg BT 482.11 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 494.12 628.10 Td (as ) Tj ET Q q 0 0 0 rg BT 506.14 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.04 628.10 Td (Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 616.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 171.60 616.10 Td (deems ) Tj ET Q q 0 0 0 rg BT 199.65 616.10 Td (appropriate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.19 586.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 144.46 586.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 202.21 586.10 Td (has ) Tj ET Q q 0 0 0 rg BT 217.18 586.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 245.47 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.89 586.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 287.08 586.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 303.95 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.59 586.10 Td (with ) Tj ET Q q 0 0 0 rg BT 325.01 586.10 Td (an ) Tj ET Q q 0 0 0 rg BT 336.10 586.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 364.40 586.10 Td (service ) Tj ET Q q 0 0 0 rg BT 394.36 586.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 429.88 586.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 477.61 586.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 517.58 586.10 Td (confirming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.48 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.18 574.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 126.88 574.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 186.46 574.10 Td (has ) Tj ET Q q 0 0 0 rg BT 203.28 574.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 243.40 574.10 Td (its ) Tj ET Q q 0 0 0 rg BT 256.34 574.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 295.92 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.84 574.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 367.84 574.10 Td (under ) Tj ET Q q 0 0 0 rg BT 394.10 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.03 574.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 472.29 574.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 520.20 574.10 Td (during ) Tj ET Q q 0 0 0 rg BT 549.79 574.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 92.35 562.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 129.14 562.10 Td (year ) Tj ET Q q 0 0 0 rg BT 149.27 562.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 169.14 562.10 Td (based ) Tj ET Q q 0 0 0 rg BT 194.83 562.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 217.76 562.10 Td (such ) Tj ET Q q 0 0 0 rg BT 239.01 562.10 Td (review) Tj ET Q q 0 0 0 rg BT 265.57 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 271.00 562.10 Td (has ) Tj ET Q q 0 0 0 rg BT 287.25 562.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 335.16 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 353.08 562.10 Td (it ) Tj ET Q q 0 0 0 rg BT 361.57 562.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 405.03 562.10 Td (fulfilled ) Tj ET Q q 0 0 0 rg BT 440.17 562.10 Td (all ) Tj ET Q q 0 0 0 rg BT 453.09 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.34 562.10 Td (its ) Tj ET Q q 0 0 0 rg BT 476.72 562.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 524.09 562.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.78 562.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.54 550.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 159.51 550.10 Td (during ) Tj ET Q q 0 0 0 rg BT 188.16 550.10 Td (that ) Tj ET Q q 0 0 0 rg BT 205.70 550.10 Td (year ) Tj ET Q q 0 0 0 rg BT 225.46 550.10 Td (or) Tj ET Q q 0 0 0 rg BT 233.39 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 238.43 550.10 Td (if ) Tj ET Q q 0 0 0 rg BT 247.09 550.10 Td (there ) Tj ET Q q 0 0 0 rg BT 269.62 550.10 Td (has ) Tj ET Q q 0 0 0 rg BT 285.50 550.10 Td (been ) Tj ET Q q 0 0 0 rg BT 306.92 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 313.90 550.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 342.54 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.87 550.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 387.62 550.10 Td (any ) Tj ET Q q 0 0 0 rg BT 404.61 550.10 Td (such ) Tj ET Q q 0 0 0 rg BT 425.48 550.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 468.58 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.91 550.10 Td (any ) Tj ET Q q 0 0 0 rg BT 495.89 550.10 Td (material ) Tj ET Q q 0 0 0 rg BT 531.20 550.10 Td (respect, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 99.59 538.10 Td (identifying ) Tj ET Q q 0 0 0 rg BT 146.97 538.10 Td (each ) Tj ET Q q 0 0 0 rg BT 168.79 538.10 Td (such ) Tj ET Q q 0 0 0 rg BT 190.62 538.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 220.21 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.15 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.87 538.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 282.36 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.30 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.02 538.10 Td (status ) Tj ET Q q 0 0 0 rg BT 342.29 538.10 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 376.61 538.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 393.47 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 396.97 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.91 538.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 436.20 538.10 Td (will ) Tj ET Q q 0 0 0 rg BT 455.25 538.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 489.30 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.24 538.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 537.96 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 91.93 526.10 Td (Administrator's ) Tj ET Q q 0 0 0 rg BT 156.23 526.10 Td (service ) Tj ET Q q 0 0 0 rg BT 187.05 526.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 223.42 526.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 272.01 526.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 312.83 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.11 526.10 Td (their ) Tj ET Q q 0 0 0 rg BT 343.94 526.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 373.09 526.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 403.36 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.86 526.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 440.03 526.10 Td (10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 73.06 496.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 125.91 496.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 188.42 496.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.70 466.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 128.40 466.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 180.83 466.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 240.08 466.10 Td (will ) Tj ET Q q 0 0 0 rg BT 258.79 466.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 293.04 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.41 466.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 360.42 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.01 466.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 411.71 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.31 466.10 Td (number ) Tj ET Q q 0 0 0 rg BT 453.01 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.49 466.10 Td (related ) Tj ET Q q 0 0 0 rg BT 494.85 466.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 532.01 466.10 Td (Among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 454.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 107.48 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.20 454.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 145.24 454.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 197.16 454.10 Td (Administrator's ) Tj ET Q q 0 0 0 rg BT 261.46 454.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 287.85 454.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 309.23 454.10 Td (include ) Tj ET Q q 0 0 0 rg BT 341.17 454.10 Td (supervision ) Tj ET Q q 0 0 0 rg BT 389.78 454.10 Td (with ) Tj ET Q q 0 0 0 rg BT 410.05 454.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 440.87 454.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 418.10 Td (managing, ) Tj ET Q q 0 0 0 rg BT 157.43 418.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 207.70 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.64 418.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 264.90 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.62 418.10 Td (marketplace,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 400.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 400.10 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 166.59 400.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 184.64 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.58 400.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 238.51 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.34 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.06 400.10 Td (Notes,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 382.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 138.42 382.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 176.46 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.29 382.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 228.11 382.10 Td (Loans,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 364.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 364.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 167.98 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.81 364.10 Td (www) Tj ET Q q 0 0 0 rg BT 199.83 364.10 Td (.prosper) Tj ET Q q 0 0 0 rg BT 231.76 364.10 Td (.com, ) Tj ET Q q 0 0 0 rg BT 256.48 364.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 346.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 346.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 164.65 346.10 Td (\(solely ) Tj ET Q q 0 0 0 rg BT 194.37 346.10 Td (from ) Tj ET Q q 0 0 0 rg BT 216.31 346.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 241.73 346.10 Td (funds\) ) Tj ET Q q 0 0 0 rg BT 269.78 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.61 346.10 Td (related ) Tj ET Q q 0 0 0 rg BT 310.31 346.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 328.91 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.85 346.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 316.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 118.19 316.10 Td (other ) Tj ET Q q 0 0 0 rg BT 140.93 316.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 170.08 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.49 316.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 207.23 316.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 258.91 316.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 317.21 316.10 Td (will ) Tj ET Q q 0 0 0 rg BT 334.96 316.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 358.82 316.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 375.68 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.87 316.10 Td (with ) Tj ET Q q 0 0 0 rg BT 397.85 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.26 316.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 448.33 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.96 316.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 482.70 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.22 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.64 316.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 533.16 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 316.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (posting ) Tj ET Q q 0 0 0 rg BT 82.35 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.70 304.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 133.71 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.94 304.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 186.17 304.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 213.51 304.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 257.52 304.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 300.41 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.53 304.10 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 357.32 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.55 304.10 Td (applicants ) Tj ET Q q 0 0 0 rg BT 412.00 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.68 304.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 467.78 304.10 Td (on ) Tj ET Q q 0 0 0 rg BT 480.69 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.81 304.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 547.57 304.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 96.84 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.91 292.10 Td (applicant ) Tj ET Q q 0 0 0 rg BT 149.42 292.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 197.36 292.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 237.54 292.10 Td (described ) Tj ET Q q 0 0 0 rg BT 277.71 292.10 Td (herein\), ) Tj ET Q q 0 0 0 rg BT 310.38 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.67 292.10 Td (will ) Tj ET Q q 0 0 0 rg BT 344.09 292.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 377.04 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.11 292.10 Td (posting ) Tj ET Q q 0 0 0 rg BT 422.41 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.60 292.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 463.35 292.10 Td (on ) Tj ET Q q 0 0 0 rg BT 475.21 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.28 292.10 Td (website. ) Tj ET Q q 0 0 0 rg BT 524.05 292.10 Td (The ) Tj ET Q q 0 0 0 rg BT 541.45 292.10 Td (Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 101.81 280.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 160.27 280.10 Td (will ) Tj ET Q q 0 0 0 rg BT 178.18 280.10 Td (also ) Tj ET Q q 0 0 0 rg BT 196.65 280.10 Td (assign ) Tj ET Q q 0 0 0 rg BT 224.01 280.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.80 280.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 263.71 280.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 292.73 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.53 280.10 Td (an ) Tj ET Q q 0 0 0 rg BT 321.33 280.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 353.12 280.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 370.46 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.59 280.10 Td (each ) Tj ET Q q 0 0 0 rg BT 401.27 280.10 Td (listing. ) Tj ET Q q 0 0 0 rg BT 431.13 280.10 Td (See ) Tj ET Q q 0 0 0 rg BT 447.93 280.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 479.37 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.94 280.10 Td (Marketplace" ) Tj ET Q q 0 0 0 rg BT 550.35 280.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (more ) Tj ET Q q 0 0 0 rg BT 73.05 268.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 238.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.13 238.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 127.26 238.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 179.25 238.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 237.94 238.10 Td (has ) Tj ET Q q 0 0 0 rg BT 253.85 238.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 283.08 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.44 238.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 326.57 238.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 343.43 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.02 238.10 Td (with ) Tj ET Q q 0 0 0 rg BT 366.38 238.10 Td (an ) Tj ET Q q 0 0 0 rg BT 378.40 238.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 407.64 238.10 Td (service ) Tj ET Q q 0 0 0 rg BT 438.54 238.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 475.01 238.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 523.68 238.10 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (confirming ) Tj ET Q q 0 0 0 rg BT 98.69 226.10 Td (that ) Tj ET Q q 0 0 0 rg BT 117.94 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.41 226.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 159.22 226.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 212.51 226.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 272.87 226.10 Td (has ) Tj ET Q q 0 0 0 rg BT 290.45 226.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 331.35 226.10 Td (its ) Tj ET Q q 0 0 0 rg BT 345.06 226.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 385.41 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.11 226.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 458.89 226.10 Td (under ) Tj ET Q q 0 0 0 rg BT 485.91 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 226.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 97.18 214.10 Td (during ) Tj ET Q q 0 0 0 rg BT 126.04 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.00 214.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 183.18 214.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 219.79 214.10 Td (year ) Tj ET Q q 0 0 0 rg BT 239.75 214.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 259.44 214.10 Td (based ) Tj ET Q q 0 0 0 rg BT 284.96 214.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 307.71 214.10 Td (such ) Tj ET Q q 0 0 0 rg BT 328.79 214.10 Td (review) Tj ET Q q 0 0 0 rg BT 355.35 214.10 Td (, ) Tj ET Q q 0 0 0 rg BT 360.60 214.10 Td (has ) Tj ET Q q 0 0 0 rg BT 376.68 214.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 424.42 214.10 Td (that ) Tj ET Q q 0 0 0 rg BT 442.16 214.10 Td (it ) Tj ET Q q 0 0 0 rg BT 450.47 214.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 493.76 214.10 Td (fulfilled ) Tj ET Q q 0 0 0 rg BT 528.72 214.10 Td (all ) Tj ET Q q 0 0 0 rg BT 541.47 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.55 214.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.95 202.10 Td (under ) Tj ET Q q 0 0 0 rg BT 122.22 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.38 202.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 198.89 202.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 245.81 202.10 Td (during ) Tj ET Q q 0 0 0 rg BT 274.42 202.10 Td (that ) Tj ET Q q 0 0 0 rg BT 291.92 202.10 Td (year ) Tj ET Q q 0 0 0 rg BT 311.63 202.10 Td (or) Tj ET Q q 0 0 0 rg BT 319.56 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 324.56 202.10 Td (if ) Tj ET Q q 0 0 0 rg BT 333.17 202.10 Td (there ) Tj ET Q q 0 0 0 rg BT 355.66 202.10 Td (has ) Tj ET Q q 0 0 0 rg BT 371.49 202.10 Td (been ) Tj ET Q q 0 0 0 rg BT 392.87 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.81 202.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 428.41 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.69 202.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 473.40 202.10 Td (any ) Tj ET Q q 0 0 0 rg BT 490.34 202.10 Td (such ) Tj ET Q q 0 0 0 rg BT 511.17 202.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 554.23 202.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.93 190.10 Td (material ) Tj ET Q q 0 0 0 rg BT 102.18 190.10 Td (respect, ) Tj ET Q q 0 0 0 rg BT 135.48 190.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 184.06 190.10 Td (identifying ) Tj ET Q q 0 0 0 rg BT 230.43 190.10 Td (each ) Tj ET Q q 0 0 0 rg BT 251.23 190.10 Td (such ) Tj ET Q q 0 0 0 rg BT 272.05 190.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 300.64 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.56 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.27 190.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 359.75 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.67 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.38 190.10 Td (status ) Tj ET Q q 0 0 0 rg BT 416.65 190.10 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 449.95 190.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 466.81 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.30 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.23 190.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 506.50 190.10 Td (will ) Tj ET Q q 0 0 0 rg BT 524.55 190.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 557.58 190.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 89.72 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.55 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.26 178.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 138.31 178.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 190.23 178.10 Td (Administrator's ) Tj ET Q q 0 0 0 rg BT 254.53 178.10 Td (service ) Tj ET Q q 0 0 0 rg BT 285.34 178.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 321.72 178.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 370.31 178.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 411.13 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.41 178.10 Td (their ) Tj ET Q q 0 0 0 rg BT 442.23 178.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 471.39 178.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 501.66 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 514.16 178.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 538.33 178.10 Td (10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 90.26 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.54 148.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 119.06 148.10 Td (ower ) Tj ET Q q 0 0 0 rg BT 141.56 148.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 168.52 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.02 148.10 Td (Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 118.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.54 118.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 126.07 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.50 118.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 163.93 118.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 199.23 118.10 Td (has ) Tj ET Q q 0 0 0 rg BT 214.55 118.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 243.19 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.96 118.10 Td (service ) Tj ET Q q 0 0 0 rg BT 283.26 118.10 Td (each ) Tj ET Q q 0 0 0 rg BT 303.57 118.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 343.88 118.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 366.42 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.84 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.05 118.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 456.25 118.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 484.07 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 494.39 118.10 Td (well ) Tj ET Q q 0 0 0 rg BT 513.59 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 523.91 118.10 Td (each ) Tj ET Q q 0 0 0 rg BT 544.22 118.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 73.51 106.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.75 106.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 112.99 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.12 106.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 150.25 106.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 185.26 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.63 106.10 Td (required ) Tj ET Q q 0 0 0 rg BT 228.63 106.10 Td (at ) Tj ET Q q 0 0 0 rg BT 237.54 106.10 Td (all ) Tj ET Q q 0 0 0 rg BT 249.23 106.10 Td (times ) Tj ET Q q 0 0 0 rg BT 272.59 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.06 106.10 Td (use ) Tj ET Q q 0 0 0 rg BT 297.09 106.10 Td (commercially ) Tj ET Q q 0 0 0 rg BT 353.76 106.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 398.20 106.10 Td (ef) Tj ET Q q 0 0 0 rg BT 405.79 106.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 425.81 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.29 106.10 Td (service ) Tj ET Q q 0 0 0 rg BT 465.29 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.43 106.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 509.77 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.68 106.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.94 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.22 94.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 134.68 94.10 Td (with ) Tj ET Q q 0 0 0 rg BT 154.96 94.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 190.23 94.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 230.50 94.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 274.66 94.10 Td (for ) Tj ET Q q 0 0 0 rg BT 288.82 94.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 312.43 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.26 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.97 94.10 Td (same ) Tj ET Q q 0 0 0 rg BT 361.02 94.10 Td (general ) Tj ET Q q 0 0 0 rg BT 392.94 94.10 Td (type ) Tj ET Q q 0 0 0 rg BT 412.66 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.60 94.10 Td (character) Tj ET Q q 0 0 0 rg BT 465.83 94.10 Td (, ) Tj ET Q q 0 0 0 rg BT 470.83 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.11 94.10 Td (each ) Tj ET Q q 0 0 0 rg BT 501.92 94.10 Td (case:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 58.10 Td (as ) Tj ET Q q 0 0 0 rg BT 123.71 58.10 Td (long ) Tj ET Q q 0 0 0 rg BT 143.86 58.10 Td (as ) Tj ET Q q 0 0 0 rg BT 154.57 58.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 174.73 58.10 Td (is ) Tj ET Q q 0 0 0 rg BT 183.78 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.38 58.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 221.30 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.12 58.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 259.93 58.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 292.85 58.10 Td (, ) Tj ET Q q 0 0 0 rg BT 297.73 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.88 58.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 355.22 58.10 Td (with ) Tj ET Q q 0 0 0 rg BT 375.38 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.97 58.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 434.02 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.73 58.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 469.51 58.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 510.76 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.58 58.10 Td (Restated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 46.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 147.16 46.10 Td (Liability ) Tj ET Q q 0 0 0 rg BT 184.10 46.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 224.93 46.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 271.86 46.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 285.47 46.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 326.28 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.99 46.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 375.71 46.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 418.76 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.47 46.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 478.75 46.10 Td (on ) Tj ET Q q 0 0 0 rg BT 491.25 46.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 516.68 46.10 Td (activities\),) Tj ET Q endstream endobj 171 0 obj <> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 123.13 742.10 Td (long ) Tj ET Q q 0 0 0 rg BT 142.71 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.84 742.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 172.42 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.90 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.91 742.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 217.26 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.50 742.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 254.74 742.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 287.65 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 291.96 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.53 742.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 348.30 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 367.88 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.89 742.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 425.36 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.49 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.51 742.10 Td (Unanimous ) Tj ET Q q 0 0 0 rg BT 497.29 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 506.33 742.10 Td (ritten ) Tj ET Q q 0 0 0 rg BT 529.23 742.10 Td (Consent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.86 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.61 730.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 165.58 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.44 730.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 216.18 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.04 730.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 260.13 730.10 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 315.13 730.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 332.93 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 353.24 730.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 384.09 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.40 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.15 730.10 Td (separateness ) Tj ET Q q 0 0 0 rg BT 461.65 730.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 503.62 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.93 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 525.90 730.10 Td (observed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 125.50 718.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 145.78 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.06 718.10 Td (dealing ) Tj ET Q q 0 0 0 rg BT 188.00 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 208.27 718.10 Td (PFL,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 700.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.28 700.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 170.74 700.10 Td (with ) Tj ET Q q 0 0 0 rg BT 191.02 700.10 Td (all ) Tj ET Q q 0 0 0 rg BT 203.51 700.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 247.10 700.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 270.43 700.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 682.10 Td (without ) Tj ET Q q 0 0 0 rg BT 146.06 682.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 174.09 682.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 664.10 Td (any ) Tj ET Q q 0 0 0 rg BT 130.12 664.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 180.01 664.10 Td (that ) Tj ET Q q 0 0 0 rg BT 197.68 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.58 664.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 235.81 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.93 664.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 275.04 664.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 311.04 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 322.05 664.10 Td (its ) Tj ET Q q 0 0 0 rg BT 334.18 664.10 Td (af) Tj ET Q q 0 0 0 rg BT 341.76 664.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 371.66 664.10 Td (may ) Tj ET Q q 0 0 0 rg BT 391.55 664.10 Td (have ) Tj ET Q q 0 0 0 rg BT 413.11 664.10 Td (with ) Tj ET Q q 0 0 0 rg BT 433.57 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.46 664.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 492.23 664.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 531.56 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.57 664.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 652.10 Td (holder) Tj ET Q q 0 0 0 rg BT 138.15 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.15 652.10 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 634.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 150.76 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.70 634.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 189.64 634.10 Td (Servicer's ) Tj ET Q q 0 0 0 rg BT 231.15 634.10 Td (right ) Tj ET Q q 0 0 0 rg BT 252.54 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.81 634.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 294.18 634.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 352.22 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.38 634.10 Td (its ) Tj ET Q q 0 0 0 rg BT 378.33 634.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.10 Td (This ) Tj ET Q q 0 0 0 rg BT 105.62 604.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 141.33 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.50 604.10 Td (care ) Tj ET Q q 0 0 0 rg BT 169.99 604.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 212.92 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.54 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.59 604.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 258.98 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.26 604.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 296.54 604.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 331.69 604.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.20 604.10 Td (called ) Tj ET Q q 0 0 0 rg BT 365.91 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.97 604.10 Td ("Servicing ) Tj ET Q q 0 0 0 rg BT 424.22 604.10 Td (Standard." ) Tj ET Q q 0 0 0 rg BT 468.19 604.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 500.02 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.64 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.70 604.10 Td (Servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (Standard, ) Tj ET Q q 0 0 0 rg BT 91.61 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.40 592.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 131.51 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.51 592.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 172.52 592.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 209.40 592.10 Td (has ) Tj ET Q q 0 0 0 rg BT 226.29 592.10 Td (full ) Tj ET Q q 0 0 0 rg BT 243.75 592.10 Td (power ) Tj ET Q q 0 0 0 rg BT 272.30 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.31 592.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 329.98 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.32 592.10 Td (take ) Tj ET Q q 0 0 0 rg BT 361.54 592.10 Td (any ) Tj ET Q q 0 0 0 rg BT 379.55 592.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 411.44 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.78 592.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 470.22 592.10 Td (with ) Tj ET Q q 0 0 0 rg BT 491.56 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.35 592.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 547.57 592.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 110.62 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.80 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.87 580.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 178.04 580.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 205.33 580.10 Td (that ) Tj ET Q q 0 0 0 rg BT 223.18 580.10 Td (it ) Tj ET Q q 0 0 0 rg BT 231.59 580.10 Td (deems ) Tj ET Q q 0 0 0 rg BT 259.99 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.62 580.10 Td (be ) Tj ET Q q 0 0 0 rg BT 282.91 580.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 324.62 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 335.81 580.10 Td (desirable. ) Tj ET Q q 0 0 0 rg BT 377.04 580.10 Td (The ) Tj ET Q q 0 0 0 rg BT 395.44 580.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 418.84 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.13 580.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 458.42 580.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 494.59 580.10 Td (may ) Tj ET Q q 0 0 0 rg BT 514.66 580.10 Td (act ) Tj ET Q q 0 0 0 rg BT 529.16 580.10 Td (alone ) Tj ET Q q 0 0 0 rg BT 553.67 580.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (through ) Tj ET Q q 0 0 0 rg BT 84.15 568.10 Td (agents, ) Tj ET Q q 0 0 0 rg BT 115.24 568.10 Td (but ) Tj ET Q q 0 0 0 rg BT 131.06 568.10 Td (will ) Tj ET Q q 0 0 0 rg BT 149.66 568.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 180.47 568.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 229.06 568.10 Td (for ) Tj ET Q q 0 0 0 rg BT 243.77 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.03 568.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 288.17 568.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 341.73 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.11 568.10 Td (its ) Tj ET Q q 0 0 0 rg BT 365.60 568.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 392.53 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 405.57 568.10 Td (any ) Tj ET Q q 0 0 0 rg BT 423.05 568.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 451.64 568.10 Td (it ) Tj ET Q q 0 0 0 rg BT 460.24 568.10 Td (appoints. ) Tj ET Q q 0 0 0 rg BT 499.67 568.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 525.64 568.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.24 568.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 78.37 556.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 118.42 556.10 Td (on ) Tj ET Q q 0 0 0 rg BT 130.14 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.07 556.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 184.11 556.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 212.77 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.93 556.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 266.74 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.67 556.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 312.39 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.44 556.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 362.48 556.10 Td (received ) Tj ET Q q 0 0 0 rg BT 398.07 556.10 Td (by ) Tj ET Q q 0 0 0 rg BT 409.79 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.72 556.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 454.88 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.93 556.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 492.48 556.10 Td (will ) Tj ET Q q 0 0 0 rg BT 509.76 556.10 Td (be ) Tj ET Q q 0 0 0 rg BT 520.92 556.10 Td (dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.50 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.22 544.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 110.26 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.20 544.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 149.14 544.10 Td (Servicer's ) Tj ET Q q 0 0 0 rg BT 190.65 544.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 243.67 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.50 544.10 Td (its ) Tj ET Q q 0 0 0 rg BT 266.45 544.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 292.84 544.10 Td (under ) Tj ET Q q 0 0 0 rg BT 318.11 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.27 544.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 394.77 544.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 119.07 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.92 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.22 514.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 186.62 514.10 Td (Standard, ) Tj ET Q q 0 0 0 rg BT 227.74 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.03 514.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 266.65 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.17 514.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 306.68 514.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 343.07 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 352.82 514.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 401.44 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.17 514.10 Td (protecting ) Tj ET Q q 0 0 0 rg BT 459.79 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.08 514.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 507.59 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.00 514.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 535.86 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.93 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 514.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.84 502.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 117.79 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 130.31 502.10 Td (dealing ) Tj ET Q q 0 0 0 rg BT 162.26 502.10 Td (ef) Tj ET Q q 0 0 0 rg BT 169.85 502.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 207.35 502.10 Td (with ) Tj ET Q q 0 0 0 rg BT 227.64 502.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 270.70 502.10 Td (who ) Tj ET Q q 0 0 0 rg BT 290.44 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 305.16 502.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 349.89 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 360.74 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.04 502.10 Td (default. ) Tj ET Q q 0 0 0 rg BT 403.63 502.10 Td (The ) Tj ET Q q 0 0 0 rg BT 421.70 502.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 444.76 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.72 502.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 483.67 502.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 519.51 502.10 Td (is ) Tj ET Q q 0 0 0 rg BT 528.69 502.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.77 490.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 96.75 490.10 Td (an ) Tj ET Q q 0 0 0 rg BT 108.17 490.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 145.69 490.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 191.56 490.10 Td (system ) Tj ET Q q 0 0 0 rg BT 221.32 490.10 Td (that ) Tj ET Q q 0 0 0 rg BT 238.31 490.10 Td (will ) Tj ET Q q 0 0 0 rg BT 255.85 490.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 307.83 490.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 340.92 490.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 385.12 490.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 408.22 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.64 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.41 490.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 471.39 490.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 517.25 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.89 490.10 Td (sending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 95.65 478.10 Td (notices, ) Tj ET Q q 0 0 0 rg BT 129.92 478.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 170.58 478.10 Td (late ) Tj ET Q q 0 0 0 rg BT 188.45 478.10 Td (char) Tj ET Q q 0 0 0 rg BT 205.48 478.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 222.25 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.13 478.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 281.88 478.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 325.87 478.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 363.19 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.96 478.10 Td (distressed ) Tj ET Q q 0 0 0 rg BT 417.84 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.61 478.10 Td (chronically ) Tj ET Q q 0 0 0 rg BT 478.03 478.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 523.68 478.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 78.47 466.10 Td (The ) Tj ET Q q 0 0 0 rg BT 95.68 466.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 117.88 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.97 466.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 155.07 466.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 190.04 466.10 Td (has ) Tj ET Q q 0 0 0 rg BT 205.02 466.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 222.79 466.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 263.87 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.31 466.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 314.94 466.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 326.04 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.91 466.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 367.68 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.77 466.10 Td (content ) Tj ET Q q 0 0 0 rg BT 414.86 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.85 466.10 Td (communications ) Tj ET Q q 0 0 0 rg BT 492.60 466.10 Td (sent ) Tj ET Q q 0 0 0 rg BT 510.36 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.80 466.10 Td (delinquent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 95.92 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.23 454.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 128.32 454.10 Td (when ) Tj ET Q q 0 0 0 rg BT 152.85 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.16 454.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 205.24 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.90 454.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 237.64 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.95 454.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 290.03 454.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 310.12 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 324.66 454.10 Td (collection, ) Tj ET Q q 0 0 0 rg BT 369.46 454.10 Td (initiate ) Tj ET Q q 0 0 0 rg BT 400.10 454.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 422.41 454.10 Td (action ) Tj ET Q q 0 0 0 rg BT 449.72 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.37 454.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 489.89 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.20 454.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 542.29 454.10 Td (loan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 66.46 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.48 442.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 118.26 442.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 138.06 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.41 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.42 442.10 Td (third ) Tj ET Q q 0 0 0 rg BT 176.89 442.10 Td (party) Tj ET Q q 0 0 0 rg BT 196.78 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 201.86 442.10 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 244.39 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.18 442.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 295.64 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.55 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 313.56 442.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 358.35 442.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 378.14 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 395.71 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 404.96 442.10 Td (at ) Tj ET Q q 0 0 0 rg BT 414.75 442.10 Td (least ) Tj ET Q q 0 0 0 rg BT 435.65 442.10 Td (thirty ) Tj ET Q q 0 0 0 rg BT 459.89 442.10 Td (days ) Tj ET Q q 0 0 0 rg BT 480.80 442.10 Td (past ) Tj ET Q q 0 0 0 rg BT 499.48 442.10 Td (due ) Tj ET Q q 0 0 0 rg BT 516.50 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 527.40 442.10 Td (write ) Tj ET Q q 0 0 0 rg BT 550.52 442.10 Td (of) Tj ET Q q 0 0 0 rg BT 558.67 442.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.38 430.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 100.54 430.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 119.69 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.42 430.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 155.80 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.07 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.79 430.10 Td (part. ) Tj ET Q q 0 0 0 rg BT 195.64 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 213.13 430.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 235.62 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.00 430.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 273.38 430.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 308.64 430.10 Td (is ) Tj ET Q q 0 0 0 rg BT 317.25 430.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 361.39 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.11 430.10 Td (select ) Tj ET Q q 0 0 0 rg BT 395.82 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.20 430.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 442.46 430.10 Td (on ) Tj ET Q q 0 0 0 rg BT 454.40 430.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 479.27 430.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 506.20 430.10 Td (any ) Tj ET Q q 0 0 0 rg BT 522.58 430.10 Td (collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 80.74 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.95 418.10 Td (which ) Tj ET Q q 0 0 0 rg BT 117.82 418.10 Td (any ) Tj ET Q q 0 0 0 rg BT 134.68 418.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 179.32 418.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 198.97 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 208.07 418.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 242.13 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 256.22 418.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 298.08 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.94 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.15 418.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 367.56 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.20 418.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 414.63 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.38 418.10 Td (its ) Tj ET Q q 0 0 0 rg BT 437.26 418.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 495.23 418.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 525.43 418.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 546.74 418.10 Td (not, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (however) Tj ET Q q 0 0 0 rg BT 84.03 406.10 Td (, ) Tj ET Q q 0 0 0 rg BT 88.85 406.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 118.93 406.10 Td (40% ) Tj ET Q q 0 0 0 rg BT 139.58 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.24 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.78 406.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 197.10 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.75 406.10 Td (any ) Tj ET Q q 0 0 0 rg BT 224.52 406.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 267.92 406.10 Td (obtained, ) Tj ET Q q 0 0 0 rg BT 307.18 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.29 406.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 352.38 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.49 406.10 Td (any ) Tj ET Q q 0 0 0 rg BT 379.25 406.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 401.01 406.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 419.43 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.19 406.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 482.39 406.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 500.81 406.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.23 406.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 86.04 394.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 130.41 394.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 165.33 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.72 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.54 394.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 229.57 394.10 Td (ef) Tj ET Q q 0 0 0 rg BT 237.16 394.10 Td (fort\). ) Tj ET Q q 0 0 0 rg BT 258.92 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 276.07 394.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 298.22 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.27 394.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 335.31 394.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 370.23 394.10 Td (will ) Tj ET Q q 0 0 0 rg BT 387.40 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 398.44 394.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 431.14 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.52 394.10 Td (have ) Tj ET Q q 0 0 0 rg BT 461.00 394.10 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 507.03 394.10 Td (commercially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 94.98 382.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 133.87 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.53 382.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 192.19 382.10 Td (ef) Tj ET Q q 0 0 0 rg BT 199.78 382.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 220.34 382.10 Td (if ) Tj ET Q q 0 0 0 rg BT 228.68 382.10 Td (it ) Tj ET Q q 0 0 0 rg BT 236.46 382.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 261.45 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.12 382.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 312.56 382.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 332.00 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.01 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 348.68 382.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 390.34 382.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 420.88 382.10 Td (within ) Tj ET Q q 0 0 0 rg BT 448.67 382.10 Td (five ) Tj ET Q q 0 0 0 rg BT 466.44 382.10 Td (business ) Tj ET Q q 0 0 0 rg BT 502.56 382.10 Td (days ) Tj ET Q q 0 0 0 rg BT 523.12 382.10 Td (after ) Tj ET Q q 0 0 0 rg BT 543.67 382.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 69.40 370.10 Td (first ) Tj ET Q q 0 0 0 rg BT 87.69 370.10 Td (became ) Tj ET Q q 0 0 0 rg BT 120.41 370.10 Td (thirty ) Tj ET Q q 0 0 0 rg BT 144.25 370.10 Td (days ) Tj ET Q q 0 0 0 rg BT 164.77 370.10 Td (past ) Tj ET Q q 0 0 0 rg BT 183.06 370.10 Td (due. ) Tj ET Q q 0 0 0 rg BT 202.02 370.10 Td (The ) Tj ET Q q 0 0 0 rg BT 219.75 370.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 242.48 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.10 370.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 280.72 370.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 316.22 370.10 Td (will ) Tj ET Q q 0 0 0 rg BT 333.96 370.10 Td (char) Tj ET Q q 0 0 0 rg BT 350.98 370.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 362.61 370.10 Td (of) Tj ET Q q 0 0 0 rg BT 370.76 370.10 Td (f ) Tj ET Q q 0 0 0 rg BT 376.27 370.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 416.77 370.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 443.39 370.10 Td (that ) Tj ET Q q 0 0 0 rg BT 460.57 370.10 Td (are ) Tj ET Q q 0 0 0 rg BT 474.96 370.10 Td (120 ) Tj ET Q q 0 0 0 rg BT 492.14 370.10 Td (days ) Tj ET Q q 0 0 0 rg BT 512.65 370.10 Td (past ) Tj ET Q q 0 0 0 rg BT 530.95 370.10 Td (due ) Tj ET Q q 0 0 0 rg BT 547.57 370.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (also ) Tj ET Q q 0 0 0 rg BT 68.92 358.10 Td (may ) Tj ET Q q 0 0 0 rg BT 88.95 358.10 Td (char) Tj ET Q q 0 0 0 rg BT 105.98 358.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 118.23 358.10 Td (of) Tj ET Q q 0 0 0 rg BT 126.38 358.10 Td (f ) Tj ET Q q 0 0 0 rg BT 132.53 358.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 177.55 358.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 201.47 358.10 Td (that ) Tj ET Q q 0 0 0 rg BT 219.28 358.10 Td (are ) Tj ET Q q 0 0 0 rg BT 234.30 358.10 Td (less ) Tj ET Q q 0 0 0 rg BT 252.12 358.10 Td (than ) Tj ET Q q 0 0 0 rg BT 272.15 358.10 Td (120 ) Tj ET Q q 0 0 0 rg BT 289.96 358.10 Td (\(but ) Tj ET Q q 0 0 0 rg BT 308.88 358.10 Td (at ) Tj ET Q q 0 0 0 rg BT 318.92 358.10 Td (least ) Tj ET Q q 0 0 0 rg BT 340.05 358.10 Td (31\) ) Tj ET Q q 0 0 0 rg BT 356.20 358.10 Td (days ) Tj ET Q q 0 0 0 rg BT 377.34 358.10 Td (past ) Tj ET Q q 0 0 0 rg BT 396.27 358.10 Td (due ) Tj ET Q q 0 0 0 rg BT 413.52 358.10 Td (if ) Tj ET Q q 0 0 0 rg BT 422.44 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.47 358.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 460.83 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.08 358.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 500.34 358.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 536.47 358.10 Td (deems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.68 346.10 Td (action ) Tj ET Q q 0 0 0 rg BT 97.46 346.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 145.34 346.10 Td (under ) Tj ET Q q 0 0 0 rg BT 170.46 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.02 346.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 225.69 346.10 Td (Standard. ) Tj ET Q q 0 0 0 rg BT 266.09 346.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 335.10 346.10 Td (any ) Tj ET Q q 0 0 0 rg BT 351.89 346.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 387.56 346.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.91 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.47 346.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 437.37 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.15 346.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 475.94 346.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 511.60 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.73 346.10 Td (char) Tj ET Q q 0 0 0 rg BT 538.75 346.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 550.54 346.10 Td (of) Tj ET Q q 0 0 0 rg BT 558.69 346.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.64 334.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 101.05 334.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 122.97 334.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 154.60 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.13 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.55 334.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 205.08 334.10 Td (related ) Tj ET Q q 0 0 0 rg BT 234.48 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.46 334.10 Td (such ) Tj ET Q q 0 0 0 rg BT 264.99 334.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 284.41 334.10 Td (will ) Tj ET Q q 0 0 0 rg BT 302.16 334.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 338.80 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.77 334.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 379.84 334.10 Td (their ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.36 334.10 Td (pr) Tj ET Q q 0 0 0 rg BT 408.88 334.10 Td (o ) Tj ET Q q 0 0 0 rg BT 416.08 334.10 Td (rata ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.95 334.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 462.14 334.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 479.89 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.42 334.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 529.27 334.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 547.57 334.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 322.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 91.65 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.58 322.10 Td (char) Tj ET Q q 0 0 0 rg BT 125.61 322.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 143.94 322.10 Td (if ) Tj ET Q q 0 0 0 rg BT 152.55 322.10 Td (applicable\) ) Tj ET Q q 0 0 0 rg BT 199.47 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.30 322.10 Td (any ) Tj ET Q q 0 0 0 rg BT 227.24 322.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 268.06 322.10 Td (that ) Tj ET Q q 0 0 0 rg BT 285.56 322.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 302.42 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.92 322.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 340.17 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 352.67 322.10 Td (such ) Tj ET Q q 0 0 0 rg BT 373.50 322.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 393.22 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 405.72 322.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.55 322.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 438.49 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.76 322.10 Td (its ) Tj ET Q q 0 0 0 rg BT 460.71 322.10 Td (Final ) Tj ET Q q 0 0 0 rg BT 483.77 322.10 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 521.26 322.10 Td (Date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 292.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 118.13 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.05 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.40 292.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 182.86 292.10 Td (Standard, ) Tj ET Q q 0 0 0 rg BT 223.04 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.40 292.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 260.08 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.65 292.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 298.23 292.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 333.68 292.10 Td (may ) Tj ET Q q 0 0 0 rg BT 353.03 292.10 Td (waive, ) Tj ET Q q 0 0 0 rg BT 381.55 292.10 Td (modify ) Tj ET Q q 0 0 0 rg BT 412.57 292.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.04 292.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 442.94 292.10 Td (any ) Tj ET Q q 0 0 0 rg BT 459.52 292.10 Td (non-material ) Tj ET Q q 0 0 0 rg BT 512.74 292.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 537.09 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.56 292.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.96 280.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 116.65 280.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 149.84 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.26 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.12 280.10 Td (postponement ) Tj ET Q q 0 0 0 rg BT 233.87 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.84 280.10 Td (strict ) Tj ET Q q 0 0 0 rg BT 267.48 280.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 316.21 280.10 Td (with ) Tj ET Q q 0 0 0 rg BT 336.64 280.10 Td (any ) Tj ET Q q 0 0 0 rg BT 353.72 280.10 Td (such ) Tj ET Q q 0 0 0 rg BT 374.69 280.10 Td (term ) Tj ET Q q 0 0 0 rg BT 395.66 280.10 Td (or ) Tj ET Q q 0 0 0 rg BT 406.63 280.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 429.82 280.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.90 280.10 Td (non-material ) Tj ET Q q 0 0 0 rg BT 490.64 280.10 Td (indulgence ) Tj ET Q q 0 0 0 rg BT 537.15 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.57 280.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 86.10 268.10 Td (. ) Tj ET Q q 0 0 0 rg BT 91.31 268.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 160.68 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.60 268.10 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 219.69 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.17 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.10 268.10 Td (event ) Tj ET Q q 0 0 0 rg BT 269.46 268.10 Td (that ) Tj ET Q q 0 0 0 rg BT 287.16 268.10 Td (any ) Tj ET Q q 0 0 0 rg BT 304.31 268.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 345.34 268.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 368.59 268.10 Td (is ) Tj ET Q q 0 0 0 rg BT 377.97 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.45 268.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 421.43 268.10 Td (or ) Tj ET Q q 0 0 0 rg BT 432.46 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 442.95 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.87 268.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 498.35 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.39 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.32 268.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 547.57 268.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.62 256.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 104.54 256.10 Td (, ) Tj ET Q q 0 0 0 rg BT 109.22 256.10 Td (such ) Tj ET Q q 0 0 0 rg BT 129.73 256.10 Td (default ) Tj ET Q q 0 0 0 rg BT 159.67 256.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.53 256.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 214.02 256.10 Td (foreseeable, ) Tj ET Q q 0 0 0 rg BT 264.23 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 274.74 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.14 256.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 311.87 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.49 256.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 350.11 256.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 385.60 256.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 426.66 256.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 472.71 256.10 Td (that ) Tj ET Q q 0 0 0 rg BT 489.89 256.10 Td (such ) Tj ET Q q 0 0 0 rg BT 510.40 256.10 Td (action ) Tj ET Q q 0 0 0 rg BT 537.02 256.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.49 244.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 103.53 244.10 Td (with ) Tj ET Q q 0 0 0 rg BT 123.36 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.62 244.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 178.00 244.10 Td (Standard, ) Tj ET Q q 0 0 0 rg BT 218.09 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.58 244.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 272.17 244.10 Td (that ) Tj ET Q q 0 0 0 rg BT 289.22 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.48 244.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 326.08 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.56 244.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 364.05 244.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 399.41 244.10 Td (has ) Tj ET Q q 0 0 0 rg BT 414.79 244.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 460.16 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.64 244.10 Td (prudently ) Tj ET Q q 0 0 0 rg BT 517.02 244.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.48 232.10 Td (such ) Tj ET Q q 0 0 0 rg BT 88.30 232.10 Td (action ) Tj ET Q q 0 0 0 rg BT 115.21 232.10 Td (will ) Tj ET Q q 0 0 0 rg BT 133.26 232.10 Td (not ) Tj ET Q q 0 0 0 rg BT 148.52 232.10 Td (be ) Tj ET Q q 0 0 0 rg BT 160.44 232.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 203.47 232.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 236.49 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.75 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.46 232.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 297.27 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.08 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.78 232.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 357.47 232.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 379.39 232.10 Td (holders, ) Tj ET Q q 0 0 0 rg BT 413.82 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.52 232.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 451.55 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.48 232.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 490.40 232.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 526.20 232.10 Td (may ) Tj ET Q q 0 0 0 rg BT 545.90 232.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (waive, ) Tj ET Q q 0 0 0 rg BT 78.45 220.10 Td (modify ) Tj ET Q q 0 0 0 rg BT 109.41 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 119.82 220.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 139.66 220.10 Td (any ) Tj ET Q q 0 0 0 rg BT 156.17 220.10 Td (term ) Tj ET Q q 0 0 0 rg BT 176.57 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.98 220.10 Td (any ) Tj ET Q q 0 0 0 rg BT 203.49 220.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 243.88 220.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 266.50 220.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 309.68 220.10 Td (material ) Tj ET Q q 0 0 0 rg BT 344.51 220.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 401.58 220.10 Td (that ) Tj ET Q q 0 0 0 rg BT 418.65 220.10 Td (would ) Tj ET Q q 0 0 0 rg BT 445.72 220.10 Td (change ) Tj ET Q q 0 0 0 rg BT 476.11 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.40 220.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 521.91 220.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 541.47 220.10 Td (defer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.60 208.10 Td (for) Tj ET Q q 0 0 0 rg BT 72.08 208.10 Td (give ) Tj ET Q q 0 0 0 rg BT 91.57 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.05 208.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 142.75 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.35 208.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 191.17 208.10 Td (or ) Tj ET Q q 0 0 0 rg BT 201.77 208.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 235.97 208.10 Td (change ) Tj ET Q q 0 0 0 rg BT 266.55 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.04 208.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 317.74 208.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 340.56 208.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.16 208.10 Td (change ) Tj ET Q q 0 0 0 rg BT 381.74 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.23 208.10 Td (place ) Tj ET Q q 0 0 0 rg BT 419.59 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.30 208.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 468.56 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.16 208.10 Td (making ) Tj ET Q q 0 0 0 rg BT 511.42 208.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 552.02 208.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.62 196.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 111.24 196.10 Td (Loan\), ) Tj ET Q q 0 0 0 rg BT 139.91 196.10 Td (accept ) Tj ET Q q 0 0 0 rg BT 167.74 196.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 204.46 196.10 Td (from ) Tj ET Q q 0 0 0 rg BT 226.20 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.71 196.10 Td (related ) Tj ET Q q 0 0 0 rg BT 270.20 196.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 309.15 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.77 196.10 Td (an ) Tj ET Q q 0 0 0 rg BT 331.50 196.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 363.79 196.10 Td (less ) Tj ET Q q 0 0 0 rg BT 381.09 196.10 Td (than ) Tj ET Q q 0 0 0 rg BT 400.60 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.11 196.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 452.94 196.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 485.77 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.84 196.10 Td (final ) Tj ET Q q 0 0 0 rg BT 516.46 196.10 Td (satisfaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.97 184.10 Td (such ) Tj ET Q q 0 0 0 rg BT 81.93 184.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 122.89 184.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 146.07 184.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.04 184.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 190.22 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.63 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.49 184.10 Td (postponement ) Tj ET Q q 0 0 0 rg BT 274.22 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.19 184.10 Td (strict ) Tj ET Q q 0 0 0 rg BT 307.82 184.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 356.55 184.10 Td (with ) Tj ET Q q 0 0 0 rg BT 376.96 184.10 Td (any ) Tj ET Q q 0 0 0 rg BT 394.03 184.10 Td (term ) Tj ET Q q 0 0 0 rg BT 415.00 184.10 Td (or ) Tj ET Q q 0 0 0 rg BT 425.96 184.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 467.47 184.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 490.66 184.10 Td (any ) Tj ET Q q 0 0 0 rg BT 507.73 184.10 Td (indulgence ) Tj ET Q q 0 0 0 rg BT 554.24 184.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (any ) Tj ET Q q 0 0 0 rg BT 67.95 172.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 104.05 172.10 Td (. ) Tj ET Q q 0 0 0 rg BT 109.81 172.10 Td (The ) Tj ET Q q 0 0 0 rg BT 128.87 172.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 187.38 172.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 244.76 172.10 Td (by ) Tj ET Q q 0 0 0 rg BT 258.27 172.10 Td (this ) Tj ET Q q 0 0 0 rg BT 276.24 172.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 316.41 172.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 357.70 172.10 Td (would ) Tj ET Q q 0 0 0 rg BT 386.22 172.10 Td (be ) Tj ET Q q 0 0 0 rg BT 399.17 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.46 172.10 Td (situations, ) Tj ET Q q 0 0 0 rg BT 454.81 172.10 Td (common ) Tj ET Q q 0 0 0 rg BT 493.32 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.61 172.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 525.35 172.10 Td (servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 84.72 160.10 Td (practices, ) Tj ET Q q 0 0 0 rg BT 124.70 160.10 Td (where ) Tj ET Q q 0 0 0 rg BT 151.07 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.46 160.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 202.16 160.10 Td (forbearance ) Tj ET Q q 0 0 0 rg BT 251.28 160.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.56 160.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 301.83 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.10 160.10 Td (time ) Tj ET Q q 0 0 0 rg BT 331.82 160.10 Td (for ) Tj ET Q q 0 0 0 rg BT 345.43 160.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 381.80 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.53 160.10 Td (be ) Tj ET Q q 0 0 0 rg BT 402.91 160.10 Td (received ) Tj ET Q q 0 0 0 rg BT 438.72 160.10 Td (would ) Tj ET Q q 0 0 0 rg BT 465.66 160.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 497.59 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.98 160.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 542.57 160.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (defaulting ) Tj ET Q q 0 0 0 rg BT 93.59 148.10 Td (entirely ) Tj ET Q q 0 0 0 rg BT 127.18 148.10 Td (on ) Tj ET Q q 0 0 0 rg BT 140.23 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.49 148.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 175.76 148.10 Td (or ) Tj ET Q q 0 0 0 rg BT 187.14 148.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 211.85 148.10 Td (for ) Tj ET Q q 0 0 0 rg BT 226.56 148.10 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 270.90 148.10 Td (. ) Tj ET Q q 0 0 0 rg BT 276.44 148.10 Td (From ) Tj ET Q q 0 0 0 rg BT 301.16 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.43 148.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 338.91 148.10 Td (holder's ) Tj ET Q q 0 0 0 rg BT 373.20 148.10 Td (perspective, ) Tj ET Q q 0 0 0 rg BT 424.28 148.10 Td (such ) Tj ET Q q 0 0 0 rg BT 445.66 148.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 503.70 148.10 Td (would ) Tj ET Q q 0 0 0 rg BT 531.75 148.10 Td (only ) Tj ET Q q 0 0 0 rg BT 552.58 148.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 91.93 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.21 136.10 Td (situations ) Tj ET Q q 0 0 0 rg BT 143.05 136.10 Td (where ) Tj ET Q q 0 0 0 rg BT 169.98 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.91 136.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 207.17 136.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 225.23 136.10 Td (would ) Tj ET Q q 0 0 0 rg BT 252.73 136.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.67 136.10 Td (avoided.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 121.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 106.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 105.79 106.10 Td (such ) Tj ET Q q 0 0 0 rg BT 126.69 106.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 157.58 106.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 181.80 106.10 Td (by ) Tj ET Q q 0 0 0 rg BT 194.37 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.15 106.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 232.27 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.27 106.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 271.28 106.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 307.16 106.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.51 106.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 350.62 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.96 106.10 Td (any ) Tj ET Q q 0 0 0 rg BT 377.97 106.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 418.86 106.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 441.97 106.10 Td (will ) Tj ET Q q 0 0 0 rg BT 460.09 106.10 Td (be ) Tj ET Q q 0 0 0 rg BT 472.10 106.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 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(result ) Tj ET Q q 0 0 0 rg BT 444.80 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.50 94.10 Td (no ) Tj ET Q q 0 0 0 rg BT 468.42 94.10 Td (further ) Tj ET Q q 0 0 0 rg BT 498.55 94.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 539.79 94.10 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (made. ) Tj ET Q q 0 0 0 rg BT 76.92 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.69 82.10 Td (If ) Tj ET Q q 0 0 0 rg BT 89.11 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.10 82.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 127.41 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.61 82.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 166.82 82.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 202.90 82.10 Td (approves ) Tj ET Q q 0 0 0 rg BT 241.77 82.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 299.52 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.07 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.05 82.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 350.03 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.13 82.10 Td (any ) Tj ET Q q 0 0 0 rg BT 378.33 82.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 419.42 82.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 445.23 82.10 Td (it ) Tj ET Q q 0 0 0 rg BT 453.55 82.10 Td (will ) Tj ET Q q 0 0 0 rg BT 471.88 82.10 Td (promptly) Tj ET Q q 0 0 0 rg BT 507.89 82.10 Td (, ) Tj ET Q q 0 0 0 rg BT 513.16 82.10 Td (on ) Tj ET Q q 0 0 0 rg BT 525.93 82.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 553.68 82.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 72.56 70.10 Td (notify ) Tj ET Q q 0 0 0 rg BT 99.28 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.32 70.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 174.36 70.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 213.29 70.10 Td (by ) Tj ET Q q 0 0 0 rg BT 226.12 70.10 Td (email ) Tj ET Q q 0 0 0 rg BT 251.16 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.32 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.37 70.10 Td (material ) Tj ET Q q 0 0 0 rg BT 312.95 70.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 338.00 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.16 70.10 Td (such ) Tj ET Q q 0 0 0 rg BT 370.32 70.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 428.14 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.40 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.45 70.10 Td (ef) Tj ET Q q 0 0 0 rg BT 468.04 70.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 485.85 70.10 Td (such ) Tj ET Q q 0 0 0 rg BT 507.01 70.10 Td (modifications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.06 58.10 Td (have ) Tj ET Q q 0 0 0 rg BT 89.43 58.10 Td (on ) Tj ET Q q 0 0 0 rg BT 101.93 58.10 Td (their ) Tj ET Q q 0 0 0 rg BT 122.76 58.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 151.09 58.10 Td (including ) Tj ET Q q 0 0 0 rg BT 191.36 58.10 Td (any ) Tj ET Q q 0 0 0 rg BT 208.30 58.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 243.01 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.29 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.00 58.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 308.83 58.10 Td (they ) Tj ET Q q 0 0 0 rg BT 328.54 58.10 Td (will ) Tj ET Q q 0 0 0 rg BT 346.60 58.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 377.96 58.10 Td (under ) Tj ET Q q 0 0 0 rg BT 403.23 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.95 58.10 Td (Notes.) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 727.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.38 727.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 127.77 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.04 727.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 167.31 727.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 203.47 727.10 Td (has ) Tj ET Q q 0 0 0 rg BT 219.63 727.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 249.11 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.73 727.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 293.11 727.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 309.97 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.81 727.10 Td (with ) Tj ET Q q 0 0 0 rg BT 333.42 727.10 Td (an ) Tj ET Q q 0 0 0 rg BT 345.70 727.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 375.19 727.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 409.67 727.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 458.59 727.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 499.75 727.10 Td (confirming ) Tj ET Q q 0 0 0 rg BT 547.02 727.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.26 715.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 86.85 715.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.34 715.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 124.82 715.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 160.18 715.10 Td (has ) Tj ET Q q 0 0 0 rg BT 175.56 715.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 214.25 715.10 Td (its ) Tj ET Q q 0 0 0 rg BT 225.74 715.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 263.88 715.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.37 715.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 332.93 715.10 Td (under ) Tj ET Q q 0 0 0 rg BT 357.75 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.56 715.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 433.70 715.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 480.17 715.10 Td (during ) Tj ET Q q 0 0 0 rg BT 508.32 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.59 715.10 Td (preceding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 85.70 703.10 Td (year ) Tj ET Q q 0 0 0 rg BT 104.74 703.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 123.52 703.10 Td (based ) Tj ET Q q 0 0 0 rg BT 148.12 703.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 169.96 703.10 Td (such ) Tj ET Q q 0 0 0 rg BT 190.12 703.10 Td (review) Tj ET Q q 0 0 0 rg BT 216.68 703.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.02 703.10 Td (has ) Tj ET Q q 0 0 0 rg BT 236.18 703.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 283.00 703.10 Td (that ) Tj ET Q q 0 0 0 rg BT 299.83 703.10 Td (it ) Tj ET Q q 0 0 0 rg BT 307.22 703.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 349.59 703.10 Td (fulfilled ) Tj ET Q q 0 0 0 rg BT 383.64 703.10 Td (all ) Tj ET Q q 0 0 0 rg BT 395.47 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.64 703.10 Td (its ) Tj ET Q q 0 0 0 rg BT 416.92 703.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 463.20 703.10 Td (under ) Tj ET Q q 0 0 0 rg BT 487.81 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.46 703.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 97.67 691.10 Td (during ) Tj ET Q q 0 0 0 rg BT 127.01 691.10 Td (that ) Tj ET Q q 0 0 0 rg BT 145.25 691.10 Td (year ) Tj ET Q q 0 0 0 rg BT 165.70 691.10 Td (or) Tj ET Q q 0 0 0 rg BT 173.63 691.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.37 691.10 Td (if ) Tj ET Q q 0 0 0 rg BT 188.72 691.10 Td (there ) Tj ET Q q 0 0 0 rg BT 211.95 691.10 Td (has ) Tj ET Q q 0 0 0 rg BT 228.52 691.10 Td (been ) Tj ET Q q 0 0 0 rg BT 250.64 691.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.32 691.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 287.65 691.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.67 691.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 334.12 691.10 Td (any ) Tj ET Q q 0 0 0 rg BT 351.80 691.10 Td (such ) Tj ET Q q 0 0 0 rg BT 373.37 691.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 417.16 691.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.18 691.10 Td (any ) Tj ET Q q 0 0 0 rg BT 445.86 691.10 Td (material ) Tj ET Q q 0 0 0 rg BT 481.86 691.10 Td (respect, ) Tj ET Q q 0 0 0 rg BT 515.92 691.10 Td (specifically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (identifying ) Tj ET Q q 0 0 0 rg BT 95.71 679.10 Td (each ) Tj ET Q q 0 0 0 rg BT 115.85 679.10 Td (such ) Tj ET Q q 0 0 0 rg BT 136.01 679.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 163.93 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.20 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.24 679.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 221.06 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.32 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.37 679.10 Td (status ) Tj ET Q q 0 0 0 rg BT 275.97 679.10 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 308.61 679.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 325.48 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.30 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.57 679.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 363.18 679.10 Td (will ) Tj ET Q q 0 0 0 rg BT 380.56 679.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 412.94 679.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.20 679.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 458.25 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.41 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.45 679.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 515.92 679.10 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.82 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.10 667.10 Td (their ) Tj ET Q q 0 0 0 rg BT 121.92 667.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 151.08 667.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 181.35 667.10 Td (on ) Tj ET Q q 0 0 0 rg BT 193.85 667.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 218.02 667.10 Td (10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 70.27 637.10 Td (Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 607.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 607.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.85 607.10 Td (has ) Tj ET Q q 0 0 0 rg BT 122.17 607.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 151.81 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.58 607.10 Td (compensate ) Tj ET Q q 0 0 0 rg BT 212.77 607.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 233.54 607.10 Td (with ) Tj ET Q q 0 0 0 rg BT 254.31 607.10 Td (three ) Tj ET Q q 0 0 0 rg BT 277.29 607.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 296.38 607.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.03 607.10 Td (its ) Tj ET Q q 0 0 0 rg BT 323.47 607.10 Td (various ) Tj ET Q q 0 0 0 rg BT 355.90 607.10 Td (roles ) Tj ET Q q 0 0 0 rg BT 378.33 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.76 607.10 Td (related ) Tj ET Q q 0 0 0 rg BT 425.95 607.10 Td (services ) Tj ET Q q 0 0 0 rg BT 461.15 607.10 Td (under ) Tj ET Q q 0 0 0 rg BT 486.91 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 607.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 565.10 Td (First, ) Tj ET Q q 0 0 0 rg BT 110.63 565.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 127.49 565.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.28 565.10 Td (owes ) Tj ET Q q 0 0 0 rg BT 155.62 565.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 179.69 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.25 565.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 218.52 565.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 255.62 565.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.74 565.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 310.67 565.10 Td (Administrator) Tj ET Q q 0 0 0 rg BT 366.38 565.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.66 565.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.89 565.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 418.01 565.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 459.56 565.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 521.11 565.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 537.11 565.10 Td (for ) Tj ET Q q 0 0 0 rg BT 552.56 565.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 108.81 553.10 Td (services ) Tj ET Q q 0 0 0 rg BT 142.62 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.99 553.10 Td (overseeing ) Tj ET Q q 0 0 0 rg BT 196.91 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.73 553.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 232.32 553.10 Td (business ) Tj ET Q q 0 0 0 rg BT 267.82 553.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 311.07 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.00 553.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 337.86 553.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.46 553.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 356.61 553.10 Td ("PMI ) Tj ET Q q 0 0 0 rg BT 380.08 553.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 421.31 553.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 483.46 553.10 Td (Fee"\). ) Tj ET Q q 0 0 0 rg BT 509.30 553.10 Td (This ) Tj ET Q q 0 0 0 rg BT 528.68 553.10 Td (monthly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 64.18 541.10 Td (is ) Tj ET Q q 0 0 0 rg BT 72.82 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 82.57 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.76 541.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 128.73 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.03 541.10 Td ($500,000; ) Tj ET Q q 0 0 0 rg BT 181.28 541.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 218.80 541.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 238.26 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.01 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.20 541.10 Td (case ) Tj ET Q q 0 0 0 rg BT 281.38 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.68 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.87 541.10 Td (last ) Tj ET Q q 0 0 0 rg BT 321.73 541.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 358.13 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.44 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.62 541.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 402.38 541.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 443.90 541.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 506.42 541.10 Td (Fee ) Tj ET Q q 0 0 0 rg BT 522.83 541.10 Td (due ) Tj ET Q q 0 0 0 rg BT 539.24 541.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.17 529.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 126.68 529.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 176.11 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.84 529.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 223.35 529.10 Td (due ) Tj ET Q q 0 0 0 rg BT 240.29 529.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 261.69 529.10 Td (be ) Tj ET Q q 0 0 0 rg BT 273.64 529.10 Td (pro-rated ) Tj ET Q q 0 0 0 rg BT 312.79 529.10 Td (by ) Tj ET Q q 0 0 0 rg BT 325.30 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.03 529.10 Td (number ) Tj ET Q q 0 0 0 rg BT 373.09 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.93 529.10 Td (days ) Tj ET Q q 0 0 0 rg BT 404.77 529.10 Td (from ) Tj ET Q q 0 0 0 rg BT 426.71 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.44 529.10 Td (last ) Tj ET Q q 0 0 0 rg BT 457.84 529.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 493.68 529.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 508.40 529.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 545.34 529.10 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.27 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.32 517.10 Td (date ) Tj ET Q q 0 0 0 rg BT 104.81 517.10 Td (on ) Tj ET Q q 0 0 0 rg BT 118.64 517.10 Td (which ) Tj ET Q q 0 0 0 rg BT 146.91 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.96 517.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 205.93 517.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 265.87 517.10 Td (stopped ) Tj ET Q q 0 0 0 rg BT 300.81 517.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 343.53 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.58 517.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 401.17 517.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 462.20 517.10 Td (services ) Tj ET Q q 0 0 0 rg BT 498.24 517.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 538.17 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 517.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.50 505.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 475.10 Td (Second, ) Tj ET Q q 0 0 0 rg BT 120.87 475.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 137.73 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.66 475.10 Td (owes ) Tj ET Q q 0 0 0 rg BT 164.14 475.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 187.35 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.06 475.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 224.46 475.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 260.70 475.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.96 475.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 295.43 475.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 347.69 475.10 Td (Administrator) Tj ET Q q 0 0 0 rg BT 403.39 475.10 Td (, ) Tj ET Q q 0 0 0 rg BT 408.82 475.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.19 475.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 452.45 475.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 504.24 475.10 Td (administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 64.62 463.10 Td (for ) Tj ET Q q 0 0 0 rg BT 78.68 463.10 Td (its ) Tj ET Q q 0 0 0 rg BT 90.54 463.10 Td (services ) Tj ET Q q 0 0 0 rg BT 125.16 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.34 463.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 177.19 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.81 463.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 243.08 463.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 261.03 463.10 Td ("PMI ) Tj ET Q q 0 0 0 rg BT 285.31 463.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 308.26 463.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 360.64 463.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 401.38 463.10 Td (Fee"\). ) Tj ET Q q 0 0 0 rg BT 427.96 463.10 Td (This ) Tj ET Q q 0 0 0 rg BT 448.15 463.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 462.76 463.10 Td (is ) Tj ET Q q 0 0 0 rg BT 471.84 463.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 495.91 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.09 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.72 463.10 Td (product ) Tj ET Q q 0 0 0 rg BT 553.67 463.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 72.50 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.44 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.16 451.10 Td (number ) Tj ET Q q 0 0 0 rg BT 137.20 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.03 451.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 188.85 451.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 215.79 451.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 246.06 451.10 Td (since ) Tj ET Q q 0 0 0 rg BT 269.11 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.82 451.10 Td (last ) Tj ET Q q 0 0 0 rg BT 300.21 451.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 336.04 451.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 350.75 451.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 387.69 451.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 421.10 Td (Third, ) Tj ET Q q 0 0 0 rg BT 112.27 421.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.13 421.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.68 421.10 Td (owes ) Tj ET Q q 0 0 0 rg BT 152.78 421.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 174.62 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.95 421.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 208.98 421.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 243.84 421.10 Td (as ) Tj ET Q q 0 0 0 rg BT 253.72 421.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 275.82 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.81 421.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 312.80 421.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 345.72 421.10 Td (, ) Tj ET Q q 0 0 0 rg BT 349.77 421.10 Td (a ) Tj ET Q q 0 0 0 rg BT 355.76 421.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 390.64 421.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 404.40 421.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.62 421.10 Td (its ) Tj ET Q q 0 0 0 rg BT 428.62 421.10 Td (services ) Tj ET Q q 0 0 0 rg BT 462.37 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.70 421.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 509.91 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.68 421.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 77.33 409.10 Td (\(such ) Tj ET Q q 0 0 0 rg BT 101.88 409.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 119.47 409.10 Td (together ) Tj ET Q q 0 0 0 rg BT 155.13 409.10 Td (with ) Tj ET Q q 0 0 0 rg BT 175.80 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.90 409.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 211.58 409.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 253.81 409.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 317.25 409.10 Td (Fee ) Tj ET Q q 0 0 0 rg BT 334.58 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.91 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.02 409.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 387.69 409.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 411.13 409.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 463.99 409.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 505.20 409.10 Td (Fee, ) Tj ET Q q 0 0 0 rg BT 525.03 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.14 409.10 Td ("PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (Fees"\). ) Tj ET Q q 0 0 0 rg BT 80.60 397.10 Td (This ) Tj ET Q q 0 0 0 rg BT 100.93 397.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 115.68 397.10 Td (is ) Tj ET Q q 0 0 0 rg BT 124.90 397.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 149.10 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.42 397.10 Td (62.5% ) Tj ET Q q 0 0 0 rg BT 187.79 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.67 397.10 Td (all ) Tj ET Q q 0 0 0 rg BT 211.21 397.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 250.41 397.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 269.06 397.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 307.69 397.10 Td (from ) Tj ET Q q 0 0 0 rg BT 329.67 397.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 351.66 397.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 383.64 397.10 Td (by ) Tj ET Q q 0 0 0 rg BT 396.19 397.10 Td (or ) Tj ET Q q 0 0 0 rg BT 407.06 397.10 Td (on ) Tj ET Q q 0 0 0 rg BT 419.61 397.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 447.14 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.01 397.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 474.87 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.42 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.40 397.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 520.28 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.15 397.10 Td (all ) Tj ET Q q 0 0 0 rg BT 543.70 397.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 385.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 90.08 385.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 114.80 385.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 133.40 385.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 171.99 385.10 Td (from ) Tj ET Q q 0 0 0 rg BT 193.93 385.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 215.87 385.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 247.81 385.10 Td (by ) Tj ET Q q 0 0 0 rg BT 260.31 385.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.14 385.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.64 385.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 311.12 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.95 385.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 338.81 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.31 385.10 Td (since ) Tj ET Q q 0 0 0 rg BT 364.36 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.08 385.10 Td (last ) Tj ET Q q 0 0 0 rg BT 395.46 385.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 431.30 385.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 446.01 385.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 482.94 385.10 Td (date.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (Exculpation ) Tj ET Q q 0 0 0 rg BT 100.82 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.32 355.10 Td (Indemnity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 325.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 110.37 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.23 325.10 Td (its ) Tj ET Q q 0 0 0 rg BT 135.76 325.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 173.15 325.10 Td (as ) Tj ET Q q 0 0 0 rg BT 185.56 325.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 210.19 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.71 325.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 252.23 325.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 289.63 325.10 Td (under ) Tj ET Q q 0 0 0 rg BT 316.48 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.88 325.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 395.61 325.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 446.62 325.10 Td (will ) Tj ET Q q 0 0 0 rg BT 466.25 325.10 Td (not ) Tj ET Q q 0 0 0 rg BT 483.11 325.10 Td (be ) Tj ET Q q 0 0 0 rg BT 496.63 325.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 522.93 325.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.78 325.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.65 313.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 159.77 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.24 313.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 192.66 313.10 Td (any ) Tj ET Q q 0 0 0 rg BT 209.79 313.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 231.93 313.10 Td (holder) Tj ET Q q 0 0 0 rg BT 257.07 313.10 Td (, ) Tj ET Q q 0 0 0 rg BT 262.26 313.10 Td (any ) Tj ET Q q 0 0 0 rg BT 279.40 313.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 318.74 313.10 Td (or ) Tj ET Q q 0 0 0 rg BT 329.76 313.10 Td (any ) Tj ET Q q 0 0 0 rg BT 346.89 313.10 Td (other ) Tj ET Q q 0 0 0 rg BT 370.13 313.10 Td (person ) Tj ET Q q 0 0 0 rg BT 399.49 313.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.84 313.10 Td (any ) Tj ET Q q 0 0 0 rg BT 430.97 313.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 461.99 313.10 Td (it ) Tj ET Q q 0 0 0 rg BT 470.24 313.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 493.48 313.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.50 313.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 524.41 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.88 313.10 Td (take ) Tj ET Q q 0 0 0 rg BT 554.23 313.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.37 301.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.65 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.37 301.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 170.52 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.35 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.07 301.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 236.89 301.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 263.83 301.10 Td (or ) Tj ET Q q 0 0 0 rg BT 274.66 301.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 300.49 301.10 Td (or ) Tj ET Q q 0 0 0 rg BT 311.32 301.10 Td (for ) Tj ET Q q 0 0 0 rg BT 325.48 301.10 Td (any ) Tj ET Q q 0 0 0 rg BT 342.42 301.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 368.24 301.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.52 301.10 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 421.29 301.10 Td (except ) Tj ET Q q 0 0 0 rg BT 449.88 301.10 Td (as ) Tj ET Q q 0 0 0 rg BT 460.71 301.10 Td (described ) Tj ET Q q 0 0 0 rg BT 501.53 301.10 Td (below) Tj ET Q q 0 0 0 rg BT 525.32 301.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 271.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 108.31 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.11 271.10 Td (its ) Tj ET Q q 0 0 0 rg BT 129.59 271.10 Td (various ) Tj ET Q q 0 0 0 rg BT 161.05 271.10 Td (capacities ) Tj ET Q q 0 0 0 rg BT 202.49 271.10 Td (under ) Tj ET Q q 0 0 0 rg BT 227.29 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.08 271.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 303.21 271.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 352.16 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.63 271.10 Td (any ) Tj ET Q q 0 0 0 rg BT 385.09 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.45 271.10 Td (its ) Tj ET Q q 0 0 0 rg BT 406.92 271.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 446.43 271.10 Td (of) Tj ET Q q 0 0 0 rg BT 454.58 271.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 481.31 271.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 526.10 271.10 Td (or ) Tj ET Q q 0 0 0 rg BT 536.46 271.10 Td (agents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.51 259.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 87.35 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.43 259.10 Td (good ) Tj ET Q q 0 0 0 rg BT 119.72 259.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 140.34 259.10 Td (on ) Tj ET Q q 0 0 0 rg BT 152.64 259.10 Td (any ) Tj ET Q q 0 0 0 rg BT 169.37 259.10 Td (document ) Tj ET Q q 0 0 0 rg BT 211.10 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.72 259.10 Td (any ) Tj ET Q q 0 0 0 rg BT 238.46 259.10 Td (kind ) Tj ET Q q 0 0 0 rg BT 258.53 259.10 Td (that ) Tj ET Q q 0 0 0 rg BT 275.82 259.10 Td (appears ) Tj ET Q q 0 0 0 rg BT 308.65 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.73 259.10 Td (be ) Tj ET Q q 0 0 0 rg BT 330.46 259.10 Td (properly ) Tj ET Q q 0 0 0 rg BT 366.63 259.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 404.46 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.19 259.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 462.93 259.10 Td (by ) Tj ET Q q 0 0 0 rg BT 475.22 259.10 Td (any ) Tj ET Q q 0 0 0 rg BT 491.96 259.10 Td (person ) Tj ET Q q 0 0 0 rg BT 520.91 259.10 Td (respecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.75 247.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 98.50 247.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 128.03 247.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.13 247.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 184.31 247.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.40 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.42 247.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 280.78 247.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 330.02 247.10 Td (except ) Tj ET Q q 0 0 0 rg BT 358.43 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.52 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.05 247.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 409.80 247.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.11 247.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 447.21 247.10 Td (knows ) Tj ET Q q 0 0 0 rg BT 475.63 247.10 Td (that ) Tj ET Q q 0 0 0 rg BT 492.94 247.10 Td (such ) Tj ET Q q 0 0 0 rg BT 513.59 247.10 Td (document ) Tj ET Q q 0 0 0 rg BT 555.34 247.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (false, ) Tj ET Q q 0 0 0 rg BT 73.88 235.10 Td (misleading, ) Tj ET Q q 0 0 0 rg BT 122.76 235.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 166.34 235.10 Td (or ) Tj ET Q q 0 0 0 rg BT 177.17 235.10 Td (incomplete.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 109.58 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.65 205.10 Td (its ) Tj ET Q q 0 0 0 rg BT 133.39 205.10 Td (various ) Tj ET Q q 0 0 0 rg BT 166.12 205.10 Td (capacities ) Tj ET Q q 0 0 0 rg BT 208.83 205.10 Td (under ) Tj ET Q q 0 0 0 rg BT 234.90 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.68 205.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 312.80 205.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 363.02 205.10 Td (has ) Tj ET Q q 0 0 0 rg BT 379.64 205.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 409.58 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.65 205.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 465.05 205.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 481.91 205.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.20 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.93 205.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 529.15 205.10 Td (of) Tj ET Q q 0 0 0 rg BT 537.30 205.10 Td (ficers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 89.28 193.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 133.85 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.09 193.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 177.43 193.10 Td (against ) Tj ET Q q 0 0 0 rg BT 207.56 193.10 Td (any ) Tj ET Q q 0 0 0 rg BT 223.79 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.03 193.10 Td (all ) Tj ET Q q 0 0 0 rg BT 251.83 193.10 Td (claims, ) Tj ET Q q 0 0 0 rg BT 282.23 193.10 Td (damages, ) Tj ET Q q 0 0 0 rg BT 321.51 193.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 349.70 193.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 388.72 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.96 193.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 442.86 193.10 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 488.26 193.10 Td (without ) Tj ET Q q 0 0 0 rg BT 520.62 193.10 Td (limitation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 95.25 181.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 128.30 181.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 146.90 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.84 181.10 Td (disbursements\), ) Tj ET Q q 0 0 0 rg BT 229.38 181.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 250.22 181.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.05 181.10 Td (several ) Tj ET Q q 0 0 0 rg BT 291.87 181.10 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 341.19 181.10 Td (, ) Tj ET Q q 0 0 0 rg BT 346.19 181.10 Td ("Damages"\), ) Tj ET Q q 0 0 0 rg BT 399.89 181.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 432.93 181.10 Td (or ) Tj ET Q q 0 0 0 rg BT 443.76 181.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 484.58 181.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 522.08 181.10 Td (from:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 145.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 145.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 156.31 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.14 145.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 187.42 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.70 145.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 232.41 145.10 Td (its ) Tj ET Q q 0 0 0 rg BT 244.36 145.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 270.74 145.10 Td (under ) Tj ET Q q 0 0 0 rg BT 296.01 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.18 145.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 372.68 145.10 Td (Agreement,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 127.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.71 127.10 Td (material ) Tj ET Q q 0 0 0 rg BT 166.96 127.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 198.10 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.93 127.10 Td (any ) Tj ET Q q 0 0 0 rg BT 229.86 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.68 127.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 270.65 127.10 Td (representations, ) Tj ET Q q 0 0 0 rg BT 338.18 127.10 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 386.82 127.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 431.30 127.10 Td (or ) Tj ET Q q 0 0 0 rg BT 444.12 127.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 494.15 127.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 537.51 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 127.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 115.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 175.50 115.10 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 97.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.15 97.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 146.62 97.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.88 97.10 Td (omissions ) Tj ET Q q 0 0 0 rg BT 200.82 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.08 97.10 Td (any ) Tj ET Q q 0 0 0 rg BT 229.45 97.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 270.70 97.10 Td (subservicer ) Tj ET Q q 0 0 0 rg BT 319.17 97.10 Td (or ) Tj ET Q q 0 0 0 rg BT 330.43 97.10 Td (service ) Tj ET Q q 0 0 0 rg BT 361.67 97.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 398.48 97.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 434.72 97.10 Td (by ) Tj ET Q q 0 0 0 rg BT 447.65 97.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 470.87 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.57 97.10 Td (its ) Tj ET Q q 0 0 0 rg BT 493.95 97.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 530.19 97.10 Td (as ) Tj ET Q q 0 0 0 rg BT 541.45 97.10 Td (Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.52 85.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 151.04 85.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 183.95 85.10 Td (, ) Tj ET Q q 0 0 0 rg BT 188.53 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.39 85.10 Td (service ) Tj ET Q q 0 0 0 rg BT 228.78 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.08 85.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 283.48 85.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 309.99 85.10 Td (or ) Tj ET Q q 0 0 0 rg BT 320.40 85.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 345.81 85.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.67 85.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 402.71 85.10 Td (with ) Tj ET Q q 0 0 0 rg BT 422.57 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.40 85.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 498.58 85.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 547.58 85.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 67.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 67.10 Td (any ) Tj ET Q q 0 0 0 rg BT 130.43 67.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 185.08 67.10 Td (or ) Tj ET Q q 0 0 0 rg BT 196.40 67.10 Td (misappropriation ) Tj ET Q q 0 0 0 rg BT 267.72 67.10 Td (by ) Tj ET Q q 0 0 0 rg BT 280.71 67.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 301.49 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.81 67.10 Td (any ) Tj ET Q q 0 0 0 rg BT 330.25 67.10 Td (patent, ) Tj ET Q q 0 0 0 rg BT 360.18 67.10 Td (copyright, ) Tj ET Q q 0 0 0 rg BT 404.00 67.10 Td (trademark, ) Tj ET Q q 0 0 0 rg BT 450.02 67.10 Td (servicemark, ) Tj ET Q q 0 0 0 rg BT 504.38 67.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 527.36 67.10 Td (secret ) Tj ET Q q 0 0 0 rg BT 553.67 67.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 55.10 Td (other ) Tj ET Q q 0 0 0 rg BT 136.05 55.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 182.97 55.10 Td (right ) Tj ET Q q 0 0 0 rg BT 204.36 55.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.19 55.10 Td (any ) Tj ET Q q 0 0 0 rg BT 232.13 55.10 Td (other ) Tj ET Q q 0 0 0 rg BT 255.17 55.10 Td (person;) Tj ET Q endstream endobj 175 0 obj <> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 90.55 742.10 Td (however) Tj ET Q q 0 0 0 rg BT 124.58 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.58 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 147.07 742.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 167.35 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 185.41 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 200.69 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 212.63 742.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 260.67 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.83 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 291.77 742.10 Td (Damages ) Tj ET Q q 0 0 0 rg BT 331.48 742.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 368.97 742.10 Td (from:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 709.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.40 709.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 155.68 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.19 709.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 183.05 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.24 709.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.20 709.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 229.59 709.10 Td (its ) Tj ET Q q 0 0 0 rg BT 241.22 709.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 267.29 709.10 Td (under ) Tj ET Q q 0 0 0 rg BT 292.25 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.17 709.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 368.42 709.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 415.03 709.10 Td (\(unless ) Tj ET Q q 0 0 0 rg BT 445.54 709.10 Td (such ) Tj ET Q q 0 0 0 rg BT 466.05 709.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 494.33 709.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 528.17 709.10 Td (from ) Tj ET Q q 0 0 0 rg BT 549.79 709.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 697.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 143.83 697.10 Td (or ) Tj ET Q q 0 0 0 rg BT 154.66 697.10 Td (omissions ) Tj ET Q q 0 0 0 rg BT 197.17 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.00 697.10 Td (PMI\),) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 679.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.75 679.10 Td (material ) Tj ET Q q 0 0 0 rg BT 167.04 679.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 198.22 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.08 679.10 Td (any ) Tj ET Q q 0 0 0 rg BT 230.06 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.92 679.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 270.38 679.10 Td (representations, ) Tj ET Q q 0 0 0 rg BT 337.94 679.10 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 386.62 679.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 431.14 679.10 Td (or ) Tj ET Q q 0 0 0 rg BT 444.00 679.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 494.07 679.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 537.47 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 679.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 667.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 175.50 667.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 222.42 667.10 Td (\(unless ) Tj ET Q q 0 0 0 rg BT 253.25 667.10 Td (such ) Tj ET Q q 0 0 0 rg BT 274.08 667.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 303.23 667.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 337.38 667.10 Td (from ) Tj ET Q q 0 0 0 rg BT 359.32 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.04 667.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 404.87 667.10 Td (or ) Tj ET Q q 0 0 0 rg BT 415.70 667.10 Td (omissions ) Tj ET Q q 0 0 0 rg BT 458.21 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.04 667.10 Td (PMI\),) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 649.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.78 649.10 Td (origination, ) Tj ET Q q 0 0 0 rg BT 176.73 649.10 Td (making, ) Tj ET Q q 0 0 0 rg BT 211.79 649.10 Td (funding, ) Tj ET Q q 0 0 0 rg BT 247.97 649.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 266.08 649.10 Td (or ) Tj ET Q q 0 0 0 rg BT 276.97 649.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 316.20 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.09 649.10 Td (any ) Tj ET Q q 0 0 0 rg BT 344.10 649.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 384.98 649.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 411.99 649.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.88 649.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 448.78 649.10 Td (following ) Tj ET Q q 0 0 0 rg BT 490.23 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.01 649.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 553.68 649.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.17 637.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 189.67 637.10 Td (Agreement,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 619.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.04 619.10 Td (absence ) Tj ET Q q 0 0 0 rg BT 162.51 619.10 Td (or ) Tj ET Q q 0 0 0 rg BT 173.67 619.10 Td (unavailability ) Tj ET Q q 0 0 0 rg BT 231.48 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.64 619.10 Td (any ) Tj ET Q q 0 0 0 rg BT 259.90 619.10 Td (books, ) Tj ET Q q 0 0 0 rg BT 289.12 619.10 Td (records, ) Tj ET Q q 0 0 0 rg BT 323.88 619.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 345.86 619.10 Td (files ) Tj ET Q q 0 0 0 rg BT 365.90 619.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.06 619.10 Td (other ) Tj ET Q q 0 0 0 rg BT 400.43 619.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 446.58 619.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 479.95 619.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.55 619.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.82 619.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 538.96 619.10 Td (Loan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 607.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 140.50 607.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 178.00 607.10 Td (from ) Tj ET Q q 0 0 0 rg BT 199.93 607.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 225.91 607.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 256.74 607.10 Td (or ) Tj ET Q q 0 0 0 rg BT 267.57 607.10 Td (omissions, ) Tj ET Q q 0 0 0 rg BT 312.58 607.10 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 589.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 589.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 161.59 589.10 Td (with ) Tj ET Q q 0 0 0 rg BT 181.87 589.10 Td (any ) Tj ET Q q 0 0 0 rg BT 198.81 589.10 Td (instructions ) Tj ET Q q 0 0 0 rg BT 247.97 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.80 589.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 275.66 589.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.16 589.10 Td (if ) Tj ET Q q 0 0 0 rg BT 286.77 589.10 Td (such ) Tj ET Q q 0 0 0 rg BT 307.60 589.10 Td (instructions ) Tj ET Q q 0 0 0 rg BT 356.76 589.10 Td (did ) Tj ET Q q 0 0 0 rg BT 372.04 589.10 Td (not ) Tj ET Q q 0 0 0 rg BT 387.32 589.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 419.82 589.10 Td (with ) Tj ET Q q 0 0 0 rg BT 440.09 589.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 483.68 589.10 Td (law) Tj ET Q q 0 0 0 rg BT 497.47 589.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (Assignment ) Tj ET Q q 0 0 0 rg BT 98.61 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.11 559.10 Td (Subservicing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 529.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 105.49 529.10 Td (may ) Tj ET Q q 0 0 0 rg BT 124.42 529.10 Td (not ) Tj ET Q q 0 0 0 rg BT 138.90 529.10 Td (assign ) Tj ET Q q 0 0 0 rg BT 165.61 529.10 Td (its ) Tj ET Q q 0 0 0 rg BT 176.77 529.10 Td (various ) Tj ET Q q 0 0 0 rg BT 207.91 529.10 Td (roles ) Tj ET Q q 0 0 0 rg BT 229.06 529.10 Td (under ) Tj ET Q q 0 0 0 rg BT 253.54 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.08 529.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 328.97 529.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 375.10 529.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.14 529.10 Td (its ) Tj ET Q q 0 0 0 rg BT 396.29 529.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 421.89 529.10 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 466.35 529.10 Td (without ) Tj ET Q q 0 0 0 rg BT 498.61 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.54 529.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 533.69 529.10 Td (written ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 82.03 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.84 517.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 108.70 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.18 517.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 154.43 517.10 Td (any ) Tj ET Q q 0 0 0 rg BT 170.35 517.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 216.83 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.09 517.10 Td (an ) Tj ET Q q 0 0 0 rg BT 237.01 517.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 261.26 517.10 Td (into ) Tj ET Q q 0 0 0 rg BT 278.30 517.10 Td (which ) Tj ET Q q 0 0 0 rg BT 304.22 517.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 323.49 517.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.64 517.10 Td (mer) Tj ET Q q 0 0 0 rg BT 347.00 517.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 362.92 517.10 Td (or ) Tj ET Q q 0 0 0 rg BT 372.74 517.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 424.76 517.10 Td (or ) Tj ET Q q 0 0 0 rg BT 434.57 517.10 Td (that ) Tj ET Q q 0 0 0 rg BT 451.05 517.10 Td (succeeds ) Tj ET Q q 0 0 0 rg BT 488.07 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.33 517.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 522.29 517.10 Td (business\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 71.78 505.10 Td (may ) Tj ET Q q 0 0 0 rg BT 93.00 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.78 505.10 Td (its ) Tj ET Q q 0 0 0 rg BT 118.22 505.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 161.66 505.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 193.97 505.10 Td (service ) Tj ET Q q 0 0 0 rg BT 226.28 505.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 268.05 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.83 505.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 305.50 505.10 Td (it ) Tj ET Q q 0 0 0 rg BT 315.05 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.83 505.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 375.82 505.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 410.91 505.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 459.35 505.10 Td (under ) Tj ET Q q 0 0 0 rg BT 486.12 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 505.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.34 493.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 137.29 493.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 157.20 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.39 493.10 Td (its ) Tj ET Q q 0 0 0 rg BT 179.25 493.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 214.98 493.10 Td (as ) Tj ET Q q 0 0 0 rg BT 225.72 493.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 248.68 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.53 493.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 287.38 493.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 320.29 493.10 Td (, ) Tj ET Q q 0 0 0 rg BT 325.21 493.10 Td (it ) Tj ET Q q 0 0 0 rg BT 333.17 493.10 Td (may ) Tj ET Q q 0 0 0 rg BT 352.80 493.10 Td (not ) Tj ET Q q 0 0 0 rg BT 367.99 493.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 398.72 493.10 Td (a ) Tj ET Q q 0 0 0 rg BT 405.57 493.10 Td (subservicer ) Tj ET Q q 0 0 0 rg BT 453.52 493.10 Td (or ) Tj ET Q q 0 0 0 rg BT 464.26 493.10 Td (other ) Tj ET Q q 0 0 0 rg BT 487.22 493.10 Td (service ) Tj ET Q q 0 0 0 rg BT 517.95 493.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 554.24 493.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 85.35 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.93 481.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 138.85 481.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 170.88 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.35 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.71 481.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 232.51 481.10 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 278.97 481.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 318.77 481.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 366.36 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.83 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.19 481.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 416.88 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.46 481.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 457.05 481.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 493.50 481.10 Td (without ) Tj ET Q q 0 0 0 rg BT 527.21 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.57 481.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (written ) Tj ET Q q 0 0 0 rg BT 81.18 469.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 114.58 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.77 469.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 148.36 469.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 171.49 469.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.13 469.10 Td (its ) Tj ET Q q 0 0 0 rg BT 194.43 469.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 230.60 469.10 Td (as ) Tj ET Q q 0 0 0 rg BT 241.78 469.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 265.19 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.48 469.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 304.77 469.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 337.69 469.10 Td (, ) Tj ET Q q 0 0 0 rg BT 343.04 469.10 Td (will ) Tj ET Q q 0 0 0 rg BT 361.46 469.10 Td (be ) Tj ET Q q 0 0 0 rg BT 373.75 469.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 400.49 469.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 448.89 469.10 Td (for ) Tj ET Q q 0 0 0 rg BT 463.41 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.48 469.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 497.44 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.73 469.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 553.68 469.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (any ) Tj ET Q q 0 0 0 rg BT 67.25 457.10 Td (subservicer ) Tj ET Q q 0 0 0 rg BT 115.61 457.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.75 457.10 Td (service ) Tj ET Q q 0 0 0 rg BT 157.88 457.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 194.57 457.10 Td (it ) Tj ET Q q 0 0 0 rg BT 202.94 457.10 Td (engages. ) Tj ET Q q 0 0 0 rg BT 240.47 457.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 261.06 457.10 Td (will ) Tj ET Q q 0 0 0 rg BT 279.44 457.10 Td (be ) Tj ET Q q 0 0 0 rg BT 291.69 457.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 316.72 457.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.19 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.22 457.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 364.58 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.84 457.10 Td (omissions ) Tj ET Q q 0 0 0 rg BT 424.66 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.81 457.10 Td (any ) Tj ET Q q 0 0 0 rg BT 453.06 457.10 Td (such ) Tj ET Q q 0 0 0 rg BT 474.21 457.10 Td (subservicer ) Tj ET Q q 0 0 0 rg BT 522.56 457.10 Td (or ) Tj ET Q q 0 0 0 rg BT 533.70 457.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 86.38 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.66 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.37 445.10 Td (same ) Tj ET Q q 0 0 0 rg BT 134.42 445.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 161.35 445.10 Td (as ) Tj ET Q q 0 0 0 rg BT 172.18 445.10 Td (if ) Tj ET Q q 0 0 0 rg BT 180.79 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.51 445.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 218.55 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.49 445.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 257.43 445.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 293.25 445.10 Td (had ) Tj ET Q q 0 0 0 rg BT 310.19 445.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 354.33 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.05 445.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 408.20 445.10 Td (directly) Tj ET Q q 0 0 0 rg BT 438.10 445.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.64 415.10 Td (ermination ) Tj ET Q q 0 0 0 rg BT 101.03 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.53 415.10 Td (Replacement ) Tj ET Q q 0 0 0 rg BT 172.67 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.95 415.10 Td (Servicer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 385.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.61 385.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 164.23 385.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 210.01 385.10 Td (will ) Tj ET Q q 0 0 0 rg BT 226.94 385.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 266.06 385.10 Td (on ) Tj ET Q q 0 0 0 rg BT 277.42 385.10 Td (May ) Tj ET Q q 0 0 0 rg BT 297.12 385.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 310.98 385.10 Td (2023, ) Tj ET Q q 0 0 0 rg BT 334.85 385.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 361.21 385.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 378.07 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.44 385.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.13 385.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 408.28 385.10 Td (declares ) Tj ET Q q 0 0 0 rg BT 442.40 385.10 Td (an ) Tj ET Q q 0 0 0 rg BT 453.20 385.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 480.10 385.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 527.56 385.10 Td (pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 373.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 123.59 373.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 148.87 373.10 Td (described ) Tj ET Q q 0 0 0 rg BT 189.69 373.10 Td (below ) Tj ET Q q 0 0 0 rg BT 216.63 373.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.46 373.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 254.96 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.67 373.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 298.83 373.10 Td (agree ) Tj ET Q q 0 0 0 rg BT 322.97 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.25 373.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 362.41 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.12 373.10 Td (term ) Tj ET Q q 0 0 0 rg BT 397.95 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.78 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.94 373.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 485.44 373.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 343.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.03 343.10 Td (may ) Tj ET Q q 0 0 0 rg BT 126.42 343.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 167.34 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.03 343.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 245.05 343.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 292.64 343.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 329.13 343.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.63 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.58 343.10 Td (its ) Tj ET Q q 0 0 0 rg BT 364.20 343.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 397.91 343.10 Td (at ) Tj ET Q q 0 0 0 rg BT 408.29 343.10 Td (its ) Tj ET Q q 0 0 0 rg BT 420.91 343.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 463.51 343.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 486.68 343.10 Td (180 ) Tj ET Q q 0 0 0 rg BT 504.85 343.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 541.88 343.10 Td (days' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 77.43 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.20 331.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 108.98 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 119.76 331.10 Td (any ) Tj ET Q q 0 0 0 rg BT 137.19 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.52 331.10 Td (its ) Tj ET Q q 0 0 0 rg BT 160.96 331.10 Td (capacities ) Tj ET Q q 0 0 0 rg BT 203.37 331.10 Td (under ) Tj ET Q q 0 0 0 rg BT 229.14 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.69 331.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 306.58 331.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 356.50 331.10 Td (In ) Tj ET Q q 0 0 0 rg BT 367.82 331.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 406.09 331.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 422.95 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.95 331.10 Td (may ) Tj ET Q q 0 0 0 rg BT 446.16 331.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 486.91 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.46 331.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 97.79 319.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 134.47 319.10 Td (or ) Tj ET Q q 0 0 0 rg BT 146.16 319.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.30 319.10 Td (its ) Tj ET Q q 0 0 0 rg BT 170.11 319.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 204.01 319.10 Td (at ) Tj ET Q q 0 0 0 rg BT 214.59 319.10 Td (any ) Tj ET Q q 0 0 0 rg BT 232.39 319.10 Td (time ) Tj ET Q q 0 0 0 rg BT 253.53 319.10 Td (without ) Tj ET Q q 0 0 0 rg BT 287.45 319.10 Td (180 ) Tj ET Q q 0 0 0 rg BT 305.81 319.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 343.03 319.10 Td (days' ) Tj ET Q q 0 0 0 rg BT 366.53 319.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 394.32 319.10 Td (if ) Tj ET Q q 0 0 0 rg BT 403.79 319.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 427.44 319.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.58 319.10 Td (any ) Tj ET Q q 0 0 0 rg BT 456.38 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.07 319.10 Td (its ) Tj ET Q q 0 0 0 rg BT 480.88 319.10 Td (capacities ) Tj ET Q q 0 0 0 rg BT 523.66 319.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.79 319.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.47 307.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 161.85 307.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 199.29 307.10 Td (any ) Tj ET Q q 0 0 0 rg BT 216.19 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.98 307.10 Td (its ) Tj ET Q q 0 0 0 rg BT 238.89 307.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 265.24 307.10 Td (under ) Tj ET Q q 0 0 0 rg BT 290.47 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.60 307.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 367.07 307.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 413.96 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.86 307.10 Td (does ) Tj ET Q q 0 0 0 rg BT 451.65 307.10 Td (not ) Tj ET Q q 0 0 0 rg BT 466.89 307.10 Td (cure ) Tj ET Q q 0 0 0 rg BT 486.55 307.10 Td (such ) Tj ET Q q 0 0 0 rg BT 507.35 307.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 536.45 307.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (thirty ) Tj ET Q q 0 0 0 rg BT 74.00 295.10 Td (days ) Tj ET Q q 0 0 0 rg BT 94.67 295.10 Td (from ) Tj ET Q q 0 0 0 rg BT 116.44 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.00 295.10 Td (date ) Tj ET Q q 0 0 0 rg BT 149.99 295.10 Td (that ) Tj ET Q q 0 0 0 rg BT 167.32 295.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 184.18 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.52 295.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 223.29 295.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 250.06 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.73 295.10 Td (such ) Tj ET Q q 0 0 0 rg BT 281.39 295.10 Td (breach. ) Tj ET Q q 0 0 0 rg BT 312.88 295.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 381.88 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.43 295.10 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 440.14 295.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 457.00 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.34 295.10 Td (may ) Tj ET Q q 0 0 0 rg BT 478.89 295.10 Td (not ) Tj ET Q q 0 0 0 rg BT 494.01 295.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 534.10 295.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 554.22 295.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.95 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 77.80 283.10 Td (its ) Tj ET Q q 0 0 0 rg BT 89.77 283.10 Td (capacities ) Tj ET Q q 0 0 0 rg BT 131.70 283.10 Td (under ) Tj ET Q q 0 0 0 rg BT 156.98 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.16 283.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 233.67 283.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 280.61 283.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 308.13 283.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 320.08 283.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 336.95 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.46 283.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 385.85 283.10 Td (that ) Tj ET Q q 0 0 0 rg BT 403.36 283.10 Td (it, ) Tj ET Q q 0 0 0 rg BT 413.93 283.10 Td (either ) Tj ET Q q 0 0 0 rg BT 439.21 283.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 472.27 283.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.12 283.10 Td (through ) Tj ET Q q 0 0 0 rg BT 516.74 283.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.70 283.10 Td (successor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (service ) Tj ET Q q 0 0 0 rg BT 81.49 271.10 Td (provider) Tj ET Q q 0 0 0 rg BT 114.96 271.10 Td (, ) Tj ET Q q 0 0 0 rg BT 120.63 271.10 Td (is ) Tj ET Q q 0 0 0 rg BT 130.48 271.10 Td (able ) Tj ET Q q 0 0 0 rg BT 150.30 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.25 271.10 Td (act ) Tj ET Q q 0 0 0 rg BT 176.08 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.03 271.10 Td (such ) Tj ET Q q 0 0 0 rg BT 208.53 271.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 245.01 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.96 271.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 304.09 271.10 Td (with ) Tj ET Q q 0 0 0 rg BT 325.04 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.43 271.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 381.37 271.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 425.09 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.47 271.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 466.98 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.58 271.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 499.97 271.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 526.07 271.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 553.68 271.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 91.30 259.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 136.49 259.10 Td (its ) Tj ET Q q 0 0 0 rg BT 150.02 259.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 202.98 259.10 Td (directors\) ) Tj ET Q q 0 0 0 rg BT 245.39 259.10 Td (approve ) Tj ET Q q 0 0 0 rg BT 281.68 259.10 Td (such ) Tj ET Q q 0 0 0 rg BT 304.10 259.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 363.73 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.25 259.10 Td (termination. ) Tj ET Q q 0 0 0 rg BT 434.94 259.10 Td (If ) Tj ET Q q 0 0 0 rg BT 445.69 259.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 462.55 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.64 259.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 504.05 259.10 Td (terminates ) Tj ET Q q 0 0 0 rg BT 549.79 259.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.74 247.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 159.98 247.10 Td (with ) Tj ET Q q 0 0 0 rg BT 180.57 247.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 211.70 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.30 247.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 242.89 247.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.49 247.10 Td (any ) Tj ET Q q 0 0 0 rg BT 270.74 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.88 247.10 Td (its ) Tj ET Q q 0 0 0 rg BT 294.14 247.10 Td (capacities ) Tj ET Q q 0 0 0 rg BT 336.38 247.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 378.73 247.10 Td (, ) Tj ET Q q 0 0 0 rg BT 384.04 247.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 404.64 247.10 Td (will ) Tj ET Q q 0 0 0 rg BT 423.01 247.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 460.26 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.85 247.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 504.21 247.10 Td (services ) Tj ET Q q 0 0 0 rg BT 539.23 247.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (its ) Tj ET Q q 0 0 0 rg BT 61.95 235.10 Td (other ) Tj ET Q q 0 0 0 rg BT 85.00 235.10 Td (capacities ) Tj ET Q q 0 0 0 rg BT 126.91 235.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 163.85 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.13 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.85 235.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 213.56 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.39 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.56 235.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 301.06 235.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 107.68 205.10 Td (may ) Tj ET Q q 0 0 0 rg BT 128.80 205.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 170.46 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.71 205.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 249.30 205.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 297.63 205.10 Td (if ) Tj ET Q q 0 0 0 rg BT 307.63 205.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 324.49 205.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.39 205.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 367.27 205.10 Td (any ) Tj ET Q q 0 0 0 rg BT 385.61 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.84 205.10 Td (its ) Tj ET Q q 0 0 0 rg BT 411.18 205.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 459.53 205.10 Td (under ) Tj ET Q q 0 0 0 rg BT 486.19 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 205.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 96.92 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.86 193.10 Td (such ) Tj ET Q q 0 0 0 rg BT 134.69 193.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 163.84 193.10 Td (is ) Tj ET Q q 0 0 0 rg BT 173.01 193.10 Td (not ) Tj ET Q q 0 0 0 rg BT 188.29 193.10 Td (cured ) Tj ET Q q 0 0 0 rg BT 212.99 193.10 Td (by ) Tj ET Q q 0 0 0 rg BT 225.49 193.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 242.35 193.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.85 193.10 Td (within ) Tj ET Q q 0 0 0 rg BT 272.91 193.10 Td (thirty ) Tj ET Q q 0 0 0 rg BT 297.08 193.10 Td (days ) Tj ET Q q 0 0 0 rg BT 317.91 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.74 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.45 193.10 Td (date ) Tj ET Q q 0 0 0 rg BT 362.61 193.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 382.89 193.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 419.83 193.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 446.76 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.59 193.10 Td (such ) Tj ET Q q 0 0 0 rg BT 478.42 193.10 Td (breach.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 163.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 105.33 163.10 Td (is ) Tj ET Q q 0 0 0 rg BT 113.54 163.10 Td (required ) Tj ET Q q 0 0 0 rg BT 148.40 163.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.73 163.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 203.15 163.10 Td (with ) Tj ET Q q 0 0 0 rg BT 222.47 163.10 Td (any ) Tj ET Q q 0 0 0 rg BT 238.45 163.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 286.10 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.97 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.39 163.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 371.15 163.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 417.12 163.10 Td (under ) Tj ET Q q 0 0 0 rg BT 441.43 163.10 Td (any ) Tj ET Q q 0 0 0 rg BT 457.42 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.29 163.10 Td (its ) Tj ET Q q 0 0 0 rg BT 478.29 163.10 Td (capacities ) Tj ET Q q 0 0 0 rg BT 519.25 163.10 Td (thereunder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.59 151.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 91.94 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.97 151.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 164.99 151.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 201.51 151.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 252.18 151.10 Td (management ) Tj ET Q q 0 0 0 rg BT 305.08 151.10 Td (services ) Tj ET Q q 0 0 0 rg BT 339.10 151.10 Td (or ) Tj ET Q q 0 0 0 rg BT 349.25 151.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 387.71 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.86 151.10 Td (all ) Tj ET Q q 0 0 0 rg BT 409.67 151.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 449.80 151.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 476.05 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.30 151.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 517.45 151.10 Td (that ) Tj ET Q q 0 0 0 rg BT 534.25 151.10 Td (remain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.92 139.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.96 139.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 125.82 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.08 139.10 Td (or ) Tj ET Q q 0 0 0 rg BT 138.66 139.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.36 139.10 Td (successor ) Tj ET Q q 0 0 0 rg BT 185.94 139.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 219.84 139.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 264.86 139.10 Td (by ) Tj ET Q q 0 0 0 rg BT 277.12 139.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 293.98 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.24 139.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.82 139.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 327.97 139.10 Td (as ) Tj ET Q q 0 0 0 rg BT 338.56 139.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 384.13 139.10 Td (practicable. ) Tj ET Q q 0 0 0 rg BT 432.75 139.10 Td (Until ) Tj ET Q q 0 0 0 rg BT 455.56 139.10 Td (such ) Tj ET Q q 0 0 0 rg BT 476.15 139.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 508.94 139.10 Td (is ) Tj ET Q q 0 0 0 rg BT 517.87 139.10 Td (completed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 75.61 127.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 118.29 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.19 127.10 Td (service ) Tj ET Q q 0 0 0 rg BT 158.64 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.98 127.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 213.43 127.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 240.00 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.57 127.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 297.57 127.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 330.25 127.10 Td (services ) Tj ET Q q 0 0 0 rg BT 364.58 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.49 127.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 421.58 127.10 Td (with ) Tj ET Q q 0 0 0 rg BT 441.49 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.37 127.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 517.58 127.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.76 115.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 99.72 115.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.71 115.10 Td (ef) Tj ET Q q 0 0 0 rg BT 118.29 115.10 Td (fect. ) Tj ET Q q 0 0 0 rg BT 138.27 115.10 Td (All ) Tj ET Q q 0 0 0 rg BT 154.25 115.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 177.46 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.10 115.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 214.40 115.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 250.92 115.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.90 115.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 308.97 115.10 Td (with ) Tj ET Q q 0 0 0 rg BT 329.95 115.10 Td (any ) Tj ET Q q 0 0 0 rg BT 347.59 115.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 396.89 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.42 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.14 115.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 486.18 115.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 533.81 115.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 115.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 83.41 103.10 Td (by ) Tj ET Q q 0 0 0 rg BT 95.74 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.27 103.10 Td (party ) Tj ET Q q 0 0 0 rg BT 133.14 103.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 161.01 103.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 189.98 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.63 103.10 Td (obligation, ) Tj ET Q q 0 0 0 rg BT 246.00 103.10 Td (or ) Tj ET Q q 0 0 0 rg BT 256.65 103.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 284.53 103.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 319.60 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.25 103.10 Td (its ) Tj ET Q q 0 0 0 rg BT 342.02 103.10 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 382.67 103.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 431.09 103.10 Td (right, ) Tj ET Q q 0 0 0 rg BT 454.79 103.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 488.77 103.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.87 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.41 103.10 Td (termination. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 69.57 91.10 Td (such ) Tj ET Q q 0 0 0 rg BT 90.25 91.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 126.48 91.10 Td (due ) Tj ET Q q 0 0 0 rg BT 143.27 91.10 Td (from ) Tj ET Q q 0 0 0 rg BT 165.06 91.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 181.92 91.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.27 91.10 Td (will ) Tj ET Q q 0 0 0 rg BT 202.17 91.10 Td (be ) Tj ET Q q 0 0 0 rg BT 213.96 91.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 247.40 91.10 Td (only ) Tj ET Q q 0 0 0 rg BT 267.53 91.10 Td (from ) Tj ET Q q 0 0 0 rg BT 289.32 91.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 313.89 91.10 Td (not ) Tj ET Q q 0 0 0 rg BT 329.01 91.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 367.45 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.58 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.14 91.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 428.93 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.60 91.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 465.28 91.10 Td (under ) Tj ET Q q 0 0 0 rg BT 490.40 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.97 91.10 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 547.58 91.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td ("Summary ) Tj ET Q q 0 0 0 rg BT 95.38 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.12 79.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 149.34 79.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 173.42 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.16 79.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 209.90 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.21 79.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 288.64 79.10 Td (Agreement-Indenture ) Tj ET Q q 0 0 0 rg BT 377.12 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.97 79.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 418.04 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.78 79.10 Td (Notes." ) Tj ET Q q 0 0 0 rg BT 461.10 79.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 477.96 79.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.37 79.10 Td (also ) Tj ET Q q 0 0 0 rg BT 498.89 79.10 Td (will ) Tj ET Q q 0 0 0 rg BT 516.86 79.10 Td (be ) Tj ET Q q 0 0 0 rg BT 528.70 79.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.43 67.10 Td (any ) Tj ET Q q 0 0 0 rg BT 89.30 67.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 137.84 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.05 67.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 164.92 67.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 185.14 67.10 Td (all ) Tj ET Q q 0 0 0 rg BT 197.56 67.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 231.08 67.10 Td (but ) Tj ET Q q 0 0 0 rg BT 246.29 67.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 275.94 67.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 296.16 67.10 Td (Fees. ) Tj ET Q q 0 0 0 rg BT 319.42 67.10 Td (No ) Tj ET Q q 0 0 0 rg BT 334.08 67.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 382.61 67.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 401.14 67.10 Td (will ) Tj ET Q q 0 0 0 rg BT 419.13 67.10 Td (be ) Tj ET Q q 0 0 0 rg BT 431.00 67.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 464.53 67.10 Td (by ) Tj ET Q q 0 0 0 rg BT 476.96 67.10 Td (either ) Tj ET Q q 0 0 0 rg BT 502.16 67.10 Td (party ) Tj ET Q q 0 0 0 rg BT 525.14 67.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 547.57 67.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 98.60 55.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.43 55.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.59 55.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 186.09 55.10 Td (Agreement.) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 727.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.68 727.10 Td (has ) Tj ET Q q 0 0 0 rg BT 121.83 727.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 154.07 727.10 Td (into ) Tj ET Q q 0 0 0 rg BT 172.45 727.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.71 727.10 Td (back-up ) Tj ET Q q 0 0 0 rg BT 214.74 727.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 254.21 727.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 298.67 727.10 Td (with ) Tj ET Q q 0 0 0 rg BT 319.27 727.10 Td (First ) Tj ET Q q 0 0 0 rg BT 339.81 727.10 Td (Associates ) Tj ET Q q 0 0 0 rg BT 385.39 727.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 408.76 727.10 Td (Servicing, ) Tj ET Q q 0 0 0 rg BT 452.41 727.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 474.11 727.10 Td (\("First ) Tj ET Q q 0 0 0 rg BT 502.06 727.10 Td (Associates"\), ) Tj ET Q q 0 0 0 rg BT 557.56 727.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 96.25 715.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 116.95 715.10 Td (administrator) Tj ET Q q 0 0 0 rg BT 169.87 715.10 Td (, ) Tj ET Q q 0 0 0 rg BT 175.86 715.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 213.78 715.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.04 715.10 Td (which ) Tj ET Q q 0 0 0 rg BT 252.97 715.10 Td (First ) Tj ET Q q 0 0 0 rg BT 274.02 715.10 Td (Associates ) Tj ET Q q 0 0 0 rg BT 320.28 715.10 Td (would ) Tj ET Q q 0 0 0 rg BT 348.76 715.10 Td (become ) Tj ET Q q 0 0 0 rg BT 383.34 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.04 715.10 Td (successor ) Tj ET Q q 0 0 0 rg BT 440.85 715.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 475.98 715.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.24 715.10 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 510.76 715.10 Td (The ) Tj ET Q q 0 0 0 rg BT 529.79 715.10 Td (back-up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 89.63 703.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 134.25 703.10 Td (will ) Tj ET Q q 0 0 0 rg BT 152.79 703.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 190.74 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.94 703.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 239.45 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.76 703.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 290.40 703.10 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 353.93 703.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.68 703.10 Td (First ) Tj ET Q q 0 0 0 rg BT 385.34 703.10 Td (Associates ) Tj ET Q q 0 0 0 rg BT 431.09 703.10 Td (if ) Tj ET Q q 0 0 0 rg BT 440.18 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.72 703.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 517.59 703.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (terminates. ) Tj ET Q q 0 0 0 rg BT 96.92 691.10 Td (See ) Tj ET Q q 0 0 0 rg BT 114.12 691.10 Td ("Summary ) Tj ET Q q 0 0 0 rg BT 159.85 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.95 691.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 214.53 691.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 238.96 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.06 691.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 276.15 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.75 691.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 355.45 691.10 Td (Agreement-Indenture ) Tj ET Q q 0 0 0 rg BT 444.29 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.49 691.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 485.93 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.02 691.10 Td (Notes-Servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (Covenant." ) Tj ET Q q 0 0 0 rg BT 97.32 679.10 Td (First ) Tj ET Q q 0 0 0 rg BT 117.54 679.10 Td (Associates ) Tj ET Q q 0 0 0 rg BT 162.72 679.10 Td (is ) Tj ET Q q 0 0 0 rg BT 171.80 679.10 Td (a ) Tj ET Q q 0 0 0 rg BT 178.65 679.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.04 679.10 Td (services ) Tj ET Q q 0 0 0 rg BT 250.66 679.10 Td (company ) Tj ET Q q 0 0 0 rg BT 289.73 679.10 Td (that ) Tj ET Q q 0 0 0 rg BT 307.14 679.10 Td (has ) Tj ET Q q 0 0 0 rg BT 322.88 679.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 354.72 679.10 Td (into ) Tj ET Q q 0 0 0 rg BT 372.69 679.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 414.54 679.10 Td (successor ) Tj ET Q q 0 0 0 rg BT 455.27 679.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 474.90 679.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 513.96 679.10 Td (agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.00 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.89 667.10 Td (event ) Tj ET Q q 0 0 0 rg BT 97.22 667.10 Td (that ) Tj ET Q q 0 0 0 rg BT 113.88 667.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 130.74 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.41 667.10 Td (must ) Tj ET Q q 0 0 0 rg BT 153.53 667.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 192.97 667.10 Td (an ) Tj ET Q q 0 0 0 rg BT 204.08 667.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 245.74 667.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.74 667.10 Td (dif) Tj ET Q q 0 0 0 rg BT 266.67 667.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 291.66 667.10 Td (successor ) Tj ET Q q 0 0 0 rg BT 331.65 667.10 Td (servicer) Tj ET Q q 0 0 0 rg BT 362.89 667.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.06 667.10 Td (it ) Tj ET Q q 0 0 0 rg BT 374.29 667.10 Td (will ) Tj ET Q q 0 0 0 rg BT 391.52 667.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 410.96 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.41 667.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 459.85 667.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.96 667.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 499.27 667.10 Td (with ) Tj ET Q q 0 0 0 rg BT 518.72 667.10 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 655.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 109.98 655.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 159.12 655.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.40 655.10 Td (First ) Tj ET Q q 0 0 0 rg BT 189.69 655.10 Td (Associates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 640.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (Indentur) Tj ET Q q 0 0 0 rg BT 84.07 625.10 Td (e ) Tj ET Q q 0 0 0 rg BT 91.01 625.10 Td (T) Tj ET Q q 0 0 0 rg BT 96.02 625.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 122.95 625.10 Td (as ) Tj ET Q q 0 0 0 rg BT 134.35 625.10 Td (Thir) Tj ET Q q 0 0 0 rg BT 151.21 625.10 Td (d-Party ) Tj ET Q q 0 0 0 rg BT 184.25 625.10 Td (Beneficiary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 595.10 Td (The ) Tj ET Q q 0 0 0 rg BT 106.28 595.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 148.78 595.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 180.16 595.10 Td (is ) Tj ET Q q 0 0 0 rg BT 191.57 595.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.74 595.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 248.23 595.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 297.94 595.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.00 595.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 325.17 595.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 353.38 595.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 402.55 595.10 Td (as ) Tj ET Q q 0 0 0 rg BT 415.62 595.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 440.90 595.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.07 595.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 484.24 595.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 522.29 595.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.79 595.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 112.71 583.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 159.90 583.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 178.21 583.10 Td ("Servicing ) Tj ET Q q 0 0 0 rg BT 223.38 583.10 Td (Obligations"\) ) Tj ET Q q 0 0 0 rg BT 280.22 583.10 Td (for ) Tj ET Q q 0 0 0 rg BT 294.65 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.63 583.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 340.16 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.25 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.24 583.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 398.44 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.53 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.52 583.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 450.61 583.10 Td (of) Tj ET Q q 0 0 0 rg BT 458.76 583.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 482.06 583.10 Td (hereby ) Tj ET Q q 0 0 0 rg BT 512.04 583.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.24 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.22 583.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 76.05 571.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.22 571.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 108.16 571.10 Td (all ) Tj ET Q q 0 0 0 rg BT 120.88 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.93 571.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 158.13 571.10 Td (other ) Tj ET Q q 0 0 0 rg BT 181.41 571.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 228.57 571.10 Td (under ) Tj ET Q q 0 0 0 rg BT 254.07 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.41 571.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 331.08 571.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 378.23 571.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.62 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.56 571.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 438.04 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.10 571.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 481.26 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.32 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.26 571.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 533.31 571.10 Td (of) Tj ET Q q 0 0 0 rg BT 541.46 571.10 Td (fered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (hereby) Tj ET Q q 0 0 0 rg BT 76.56 559.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 529.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 123.08 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.95 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.25 529.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 190.15 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.67 529.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 237.08 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.95 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.25 529.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 305.00 529.10 Td (set ) Tj ET Q q 0 0 0 rg BT 318.19 529.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 339.72 529.10 Td (therein, ) Tj ET Q q 0 0 0 rg BT 372.06 529.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 383.59 529.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 415.11 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.53 529.10 Td (at ) Tj ET Q q 0 0 0 rg BT 434.83 529.10 Td (least ) Tj ET Q q 0 0 0 rg BT 455.24 529.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 475.65 529.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.52 529.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 526.46 529.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.75 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.84 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.81 517.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 158.23 517.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 184.32 517.10 Td (of) Tj ET Q q 0 0 0 rg BT 192.47 517.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 215.76 517.10 Td (hereby ) Tj ET Q q 0 0 0 rg BT 245.73 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.92 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.89 517.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 298.43 517.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 324.52 517.10 Td (will ) Tj ET Q q 0 0 0 rg BT 342.83 517.10 Td (have ) Tj ET Q q 0 0 0 rg BT 364.47 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.44 517.10 Td (right ) Tj ET Q q 0 0 0 rg BT 401.08 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.62 517.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 436.58 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.55 517.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 492.07 517.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 521.48 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.02 517.10 Td (enforce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (its ) Tj ET Q q 0 0 0 rg BT 62.05 505.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 87.42 505.10 Td (under ) Tj ET Q q 0 0 0 rg BT 112.79 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.61 505.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 168.53 505.10 Td (Provisions ) Tj ET Q q 0 0 0 rg BT 213.36 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.29 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.53 505.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 301.11 505.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 348.13 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.17 505.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 379.99 505.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 412.03 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.96 505.10 Td (at ) Tj ET Q q 0 0 0 rg BT 432.77 505.10 Td (least ) Tj ET Q q 0 0 0 rg BT 453.70 505.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 474.62 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.00 505.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 526.46 505.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.67 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.68 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.58 493.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 157.92 493.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 183.93 493.10 Td (of) Tj ET Q q 0 0 0 rg BT 192.08 493.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 215.29 493.10 Td (hereby ) Tj ET Q q 0 0 0 rg BT 245.18 493.10 Td (will ) Tj ET Q q 0 0 0 rg BT 263.41 493.10 Td (have ) Tj ET Q q 0 0 0 rg BT 284.97 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.86 493.10 Td (right ) Tj ET Q q 0 0 0 rg BT 321.43 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.88 493.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 356.77 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.67 493.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 412.11 493.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 441.44 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.90 493.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 484.55 493.10 Td (its ) Tj ET Q q 0 0 0 rg BT 496.68 493.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 522.13 493.10 Td (under ) Tj ET Q q 0 0 0 rg BT 547.58 493.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (other ) Tj ET Q q 0 0 0 rg BT 74.16 481.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 119.44 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.38 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.41 481.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 209.78 481.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 260.31 481.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.70 481.10 Td (each ) Tj ET Q q 0 0 0 rg BT 293.63 481.10 Td (case ) Tj ET Q q 0 0 0 rg BT 314.44 481.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 350.26 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.20 481.10 Td (not ) Tj ET Q q 0 0 0 rg BT 378.59 481.10 Td (there ) Tj ET Q q 0 0 0 rg BT 402.19 481.10 Td (is ) Tj ET Q q 0 0 0 rg BT 412.47 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 420.52 481.10 Td (default ) Tj ET Q q 0 0 0 rg BT 451.89 481.10 Td (under ) Tj ET Q q 0 0 0 rg BT 478.27 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.10 481.10 Td (Indenture. ) Tj ET Q q 0 0 0 rg BT 538.53 481.10 Td (PMI's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 98.96 469.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.25 469.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 146.30 469.10 Td (services ) Tj ET Q q 0 0 0 rg BT 183.02 469.10 Td (under ) Tj ET Q q 0 0 0 rg BT 210.30 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.04 469.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 290.10 469.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 339.04 469.10 Td (may ) Tj ET Q q 0 0 0 rg BT 360.77 469.10 Td (be ) Tj ET Q q 0 0 0 rg BT 374.72 469.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 421.99 469.10 Td (by ) Tj ET Q q 0 0 0 rg BT 436.50 469.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 458.79 469.10 Td (or ) Tj ET Q q 0 0 0 rg BT 471.64 469.10 Td (by ) Tj ET Q q 0 0 0 rg BT 486.15 469.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 503.01 469.10 Td ( ) Tj ET Q q 0 0 0 rg BT 507.52 469.10 Td (under ) Tj ET Q q 0 0 0 rg BT 534.80 469.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 109.14 457.10 Td (described ) Tj ET Q q 0 0 0 rg BT 149.96 457.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.23 457.10 Td (this ) Tj ET Q q 0 0 0 rg BT 177.18 457.10 Td (prospectus.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 427.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 111.77 427.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 158.51 427.10 Td (under ) Tj ET Q q 0 0 0 rg BT 183.57 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.58 427.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 259.92 427.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 306.64 427.10 Td (may ) Tj ET Q q 0 0 0 rg BT 326.15 427.10 Td (not ) Tj ET Q q 0 0 0 rg BT 341.22 427.10 Td (be ) Tj ET Q q 0 0 0 rg BT 352.96 427.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 393.84 427.10 Td (waived ) Tj ET Q q 0 0 0 rg BT 425.02 427.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.64 427.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 476.81 427.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 515.21 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.29 427.10 Td (a ) Tj ET Q q 0 0 0 rg BT 532.02 427.10 Td (manner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.54 415.10 Td (would ) Tj ET Q q 0 0 0 rg BT 95.08 415.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 135.94 415.10 Td (af) Tj ET Q q 0 0 0 rg BT 143.53 415.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 161.06 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.82 415.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 207.80 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.67 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.43 415.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 259.30 415.10 Td (without ) Tj ET Q q 0 0 0 rg BT 292.40 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.16 415.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 340.25 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.13 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.88 415.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 406.19 415.10 Td (trustee. ) Tj ET Q q 0 0 0 rg BT 437.89 415.10 Td (In ) Tj ET Q q 0 0 0 rg BT 448.76 415.10 Td (order ) Tj ET Q q 0 0 0 rg BT 472.40 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.73 415.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 507.48 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.05 415.10 Td (T) Tj ET Q q 0 0 0 rg BT 527.81 415.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 554.23 415.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 82.80 403.10 Td (either ) Tj ET Q q 0 0 0 rg BT 108.38 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.54 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.58 403.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 160.18 403.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 201.33 403.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 230.53 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.57 403.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 277.83 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.98 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.02 403.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 330.17 403.10 Td (of) Tj ET Q q 0 0 0 rg BT 338.32 403.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 361.68 403.10 Td (hereby ) Tj ET Q q 0 0 0 rg BT 391.71 403.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 412.30 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.34 403.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 447.94 403.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 474.10 403.10 Td (if ) Tj ET Q q 0 0 0 rg BT 483.03 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.07 403.10 Td (action ) Tj ET Q q 0 0 0 rg BT 525.32 403.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 554.24 403.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.76 391.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 105.63 391.10 Td (Provisions ) Tj ET Q q 0 0 0 rg BT 150.41 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.29 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.49 391.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 238.03 391.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 288.33 391.10 Td (must ) Tj ET Q q 0 0 0 rg BT 310.32 391.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 353.97 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.73 391.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 409.04 391.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 438.25 391.10 Td (against ) Tj ET Q q 0 0 0 rg BT 469.12 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.88 391.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 508.93 391.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 547.57 391.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 89.72 379.10 Td (that ) Tj ET Q q 0 0 0 rg BT 107.21 379.10 Td (it ) Tj ET Q q 0 0 0 rg BT 115.27 379.10 Td (might ) Tj ET Q q 0 0 0 rg BT 141.10 379.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 164.15 379.10 Td (as ) Tj ET Q q 0 0 0 rg BT 174.98 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.92 379.10 Td (result ) Tj ET Q q 0 0 0 rg BT 206.64 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.47 379.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 244.96 379.10 Td (such ) Tj ET Q q 0 0 0 rg BT 265.79 379.10 Td (action.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.95 352.10 Td (MA) Tj ET Q q 0 0 0 rg BT 179.87 352.10 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 217.66 352.10 Td ( U.S. FEDERAL) Tj ET Q q 0 0 0 rg BT 287.68 352.10 Td ( INCOME ) Tj ET Q q 0 0 0 rg BT 334.72 352.10 Td (T) Tj ET Q q 0 0 0 rg BT 340.64 352.10 Td (AX CONSIDERA) Tj ET Q q 0 0 0 rg BT 416.86 352.10 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.34 322.10 Td (following ) Tj ET Q q 0 0 0 rg BT 144.03 322.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 187.49 322.10 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 232.06 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.07 322.10 Td (full ) Tj ET Q q 0 0 0 rg BT 261.76 322.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 294.11 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.23 322.10 Td (our ) Tj ET Q q 0 0 0 rg BT 319.36 322.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 333.37 322.10 Td (counsel, ) Tj ET Q q 0 0 0 rg BT 368.22 322.10 Td (Covington ) Tj ET Q q 0 0 0 rg BT 412.24 322.10 Td (& ) Tj ET Q q 0 0 0 rg BT 421.81 322.10 Td (Burling ) Tj ET Q q 0 0 0 rg BT 454.17 322.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 470.83 322.10 Td (, ) Tj ET Q q 0 0 0 rg BT 475.13 322.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 515.24 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.25 322.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.87 310.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 99.71 310.10 Td (income ) Tj ET Q q 0 0 0 rg BT 131.23 310.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 145.53 310.10 Td (considerations ) Tj ET Q q 0 0 0 rg BT 205.38 310.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 244.67 310.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 287.85 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.71 310.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 335.91 310.10 Td (who ) Tj ET Q q 0 0 0 rg BT 355.21 310.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 392.84 310.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 420.60 310.10 Td (This ) Tj ET Q q 0 0 0 rg BT 440.47 310.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 484.23 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 492.98 310.10 Td (based ) Tj ET Q q 0 0 0 rg BT 517.84 310.10 Td (on ) Tj ET Q q 0 0 0 rg BT 529.92 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.23 310.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 82.94 298.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 119.77 298.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 142.73 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.91 298.10 Td (1986, ) Tj ET Q q 0 0 0 rg BT 177.25 298.10 Td (as ) Tj ET Q q 0 0 0 rg BT 187.43 298.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 225.37 298.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 242.77 298.10 Td ("Code"\), ) Tj ET Q q 0 0 0 rg BT 279.58 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 285.34 298.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 316.61 298.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 362.90 298.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 415.28 298.10 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 459.89 298.10 Td (\("T) Tj ET Q q 0 0 0 rg BT 473.05 298.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 504.33 298.10 Td (Regulations"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 109.59 286.10 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 178.07 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.79 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.39 286.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 223.56 286.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 257.04 286.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 294.42 286.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 326.79 286.10 Td (\("IRS"\) ) Tj ET Q q 0 0 0 rg BT 359.56 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.39 286.10 Td (judicial ) Tj ET Q q 0 0 0 rg BT 408.76 286.10 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 450.87 286.10 Td (all ) Tj ET Q q 0 0 0 rg BT 463.25 286.10 Td (as ) Tj ET Q q 0 0 0 rg BT 473.97 286.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 512.45 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.61 286.10 Td (ef) Tj ET Q q 0 0 0 rg BT 530.20 286.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 547.57 286.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (all ) Tj ET Q q 0 0 0 rg BT 62.79 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.92 274.10 Td (which ) Tj ET Q q 0 0 0 rg BT 101.15 274.10 Td (are ) Tj ET Q q 0 0 0 rg BT 116.16 274.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.28 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.86 274.10 Td (change ) Tj ET Q q 0 0 0 rg BT 188.97 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.20 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.78 274.10 Td (dif) Tj ET Q q 0 0 0 rg BT 227.71 274.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 253.82 274.10 Td (interpretations. ) Tj ET Q q 0 0 0 rg BT 316.87 274.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 354.11 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.68 274.10 Td (any ) Tj ET Q q 0 0 0 rg BT 381.92 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.05 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.06 274.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 449.73 274.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 494.74 274.10 Td (could ) Tj ET Q q 0 0 0 rg BT 519.76 274.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 544.77 274.10 Td (on ) Tj ET Q q 0 0 0 rg BT 557.57 274.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 95.25 262.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 120.25 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.19 262.10 Td (could ) Tj ET Q q 0 0 0 rg BT 161.90 262.10 Td (af) Tj ET Q q 0 0 0 rg BT 169.49 262.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 186.98 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.69 262.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 221.98 262.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 252.23 262.10 Td (income ) Tj ET Q q 0 0 0 rg BT 284.17 262.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 298.88 262.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 356.36 262.10 Td (described ) Tj ET Q q 0 0 0 rg BT 397.17 262.10 Td (below) Tj ET Q q 0 0 0 rg BT 420.96 262.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 232.10 Td (This ) Tj ET Q q 0 0 0 rg BT 106.70 232.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 151.30 232.10 Td (does ) Tj ET Q q 0 0 0 rg BT 172.56 232.10 Td (not ) Tj ET Q q 0 0 0 rg BT 188.26 232.10 Td (address ) Tj ET Q q 0 0 0 rg BT 221.18 232.10 Td (all ) Tj ET Q q 0 0 0 rg BT 234.10 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.36 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.50 232.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 281.21 232.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 311.89 232.10 Td (income ) Tj ET Q q 0 0 0 rg BT 344.25 232.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 359.39 232.10 Td (considerations ) Tj ET Q q 0 0 0 rg BT 420.08 232.10 Td (that ) Tj ET Q q 0 0 0 rg BT 438.00 232.10 Td (may ) Tj ET Q q 0 0 0 rg BT 458.15 232.10 Td (be ) Tj ET Q q 0 0 0 rg BT 470.51 232.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 505.64 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.34 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.71 232.10 Td (particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (investor's ) Tj ET Q q 0 0 0 rg BT 90.28 220.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 151.79 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.61 220.10 Td (does ) Tj ET Q q 0 0 0 rg BT 189.31 220.10 Td (not ) Tj ET Q q 0 0 0 rg BT 204.46 220.10 Td (discuss ) Tj ET Q q 0 0 0 rg BT 235.72 220.10 Td (any ) Tj ET Q q 0 0 0 rg BT 252.53 220.10 Td (aspect ) Tj ET Q q 0 0 0 rg BT 279.89 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.59 220.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 310.75 220.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 340.87 220.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 355.46 220.10 Td (law ) Tj ET Q q 0 0 0 rg BT 372.27 220.10 Td (other ) Tj ET Q q 0 0 0 rg BT 395.19 220.10 Td (than ) Tj ET Q q 0 0 0 rg BT 414.78 220.10 Td (income ) Tj ET Q q 0 0 0 rg BT 446.59 220.10 Td (taxation ) Tj ET Q q 0 0 0 rg BT 481.17 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 491.87 220.10 Td (any ) Tj ET Q q 0 0 0 rg BT 508.68 220.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 531.88 220.10 Td (local ) Tj ET Q q 0 0 0 rg BT 553.69 220.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 88.18 208.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.47 208.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 159.51 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.91 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.20 208.10 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 224.31 208.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 268.04 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.54 208.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 330.51 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.91 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.19 208.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 382.94 208.10 Td (This ) Tj ET Q q 0 0 0 rg BT 402.79 208.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 446.53 208.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 476.93 208.10 Td (only ) Tj ET Q q 0 0 0 rg BT 496.77 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.62 208.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 544.80 208.10 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 70.63 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.69 196.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 111.87 196.10 Td (as ) Tj ET Q q 0 0 0 rg BT 123.04 196.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 152.54 196.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 178.72 196.10 Td (within ) Tj ET Q q 0 0 0 rg BT 207.12 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.18 196.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 259.46 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.64 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.70 196.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 309.66 196.10 Td (\(generally) Tj ET Q q 0 0 0 rg BT 349.54 196.10 Td (, ) Tj ET Q q 0 0 0 rg BT 354.89 196.10 Td (property ) Tj ET Q q 0 0 0 rg BT 391.61 196.10 Td (held ) Tj ET Q q 0 0 0 rg BT 411.67 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.18 196.10 Td (investment\). ) Tj ET Q q 0 0 0 rg BT 478.53 196.10 Td (This ) Tj ET Q q 0 0 0 rg BT 499.16 196.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 543.68 196.10 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 184.10 Td (address ) Tj ET Q q 0 0 0 rg BT 97.77 184.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 118.05 184.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 148.31 184.10 Td (income ) Tj ET Q q 0 0 0 rg BT 180.24 184.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 194.96 184.10 Td (considerations ) Tj ET Q q 0 0 0 rg BT 255.22 184.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 298.81 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.09 184.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 347.70 184.10 Td (that ) Tj ET Q q 0 0 0 rg BT 365.19 184.10 Td (may ) Tj ET Q q 0 0 0 rg BT 384.91 184.10 Td (be ) Tj ET Q q 0 0 0 rg BT 396.85 184.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 427.67 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.95 184.10 Td (special ) Tj ET Q q 0 0 0 rg BT 468.21 184.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 482.93 184.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 507.37 184.10 Td (such ) Tj ET Q q 0 0 0 rg BT 528.20 184.10 Td (as:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 151.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 151.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 153.26 151.10 Td (dealers ) Tj ET Q q 0 0 0 rg BT 184.08 151.10 Td (or ) Tj ET Q q 0 0 0 rg BT 194.91 151.10 Td (brokers, ) Tj ET Q q 0 0 0 rg BT 229.90 151.10 Td (or ) Tj ET Q q 0 0 0 rg BT 240.73 151.10 Td (traders ) Tj ET Q q 0 0 0 rg BT 270.44 151.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.71 151.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 320.98 151.10 Td (electing ) Tj ET Q q 0 0 0 rg BT 355.13 151.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 420.38 151.10 Td (treatment;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 133.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 133.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 141.33 133.10 Td (thrifts ) Tj ET Q q 0 0 0 rg BT 167.72 133.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.55 133.10 Td (other ) Tj ET Q q 0 0 0 rg BT 201.59 133.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.07 133.10 Td (institutions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 115.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 115.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 153.82 115.10 Td (companies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 97.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 97.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 152.70 97.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 199.08 97.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 244.35 97.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.18 97.10 Td (real ) Tj ET Q q 0 0 0 rg BT 272.66 97.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 297.93 97.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 344.31 97.10 Td (trusts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 79.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 79.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 160.48 79.10 Td (or) Tj ET Q q 0 0 0 rg BT 168.63 79.10 Td (ganizations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 61.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 61.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 146.32 61.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 179.64 61.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 205.73 61.10 Td (as ) Tj ET Q q 0 0 0 rg BT 216.82 61.10 Td (part ) Tj ET Q q 0 0 0 rg BT 235.13 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.23 61.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.43 61.10 Td ("straddle," ) Tj ET Q q 0 0 0 rg BT 298.51 61.10 Td ("hedge," ) Tj ET Q q 0 0 0 rg BT 335.82 61.10 Td ("synthetic ) Tj ET Q q 0 0 0 rg BT 378.77 61.10 Td (security" ) Tj ET Q q 0 0 0 rg BT 417.27 61.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.36 61.10 Td ("conversion ) Tj ET Q q 0 0 0 rg BT 479.08 61.10 Td (transaction" ) Tj ET Q q 0 0 0 rg BT 529.80 61.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.23 61.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 49.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 143.25 49.10 Td (income ) Tj ET Q q 0 0 0 rg BT 175.19 49.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 189.90 49.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 230.46 49.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.29 49.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.12 49.10 Td (part ) Tj ET Q q 0 0 0 rg BT 270.16 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.99 49.10 Td (some ) Tj ET Q q 0 0 0 rg BT 304.60 49.10 Td (other ) Tj ET Q q 0 0 0 rg BT 327.65 49.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 370.13 49.10 Td (investment;) Tj ET Q endstream endobj 179 0 obj <> endobj 180 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 164.38 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 175.21 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 198.25 742.10 Td (pass-through ) Tj ET Q q 0 0 0 rg BT 252.41 742.10 Td (entities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 724.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 146.05 724.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 176.88 724.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.16 724.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.87 724.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 246.57 724.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 287.96 724.10 Td (tax;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 706.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 142.70 706.10 Td (former ) Tj ET Q q 0 0 0 rg BT 172.41 706.10 Td (citizens ) Tj ET Q q 0 0 0 rg BT 205.45 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 216.28 706.10 Td (residents ) Tj ET Q q 0 0 0 rg BT 254.33 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.16 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.88 706.10 Td (United ) Tj ET Q q 0 0 0 rg BT 309.59 706.10 Td (States;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 688.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 151.61 688.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 185.77 688.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 199.93 688.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 232.42 688.10 Td (below\); ) Tj ET Q q 0 0 0 rg BT 265.47 688.10 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 670.10 Td ("U.S. ) Tj ET Q q 0 0 0 rg BT 137.37 670.10 Td (Holders" ) Tj ET Q q 0 0 0 rg BT 175.61 670.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 189.77 670.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 222.25 670.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 252.52 670.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 280.57 670.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 323.62 670.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 361.09 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 370.26 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 385.54 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.26 670.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 420.54 670.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 443.31 670.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 652.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 637.10 Td (As ) Tj ET Q q 0 0 0 rg BT 98.62 637.10 Td (used ) Tj ET Q q 0 0 0 rg BT 118.47 637.10 Td (herein, ) Tj ET Q q 0 0 0 rg BT 147.46 637.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.41 637.10 Td ("U.S. ) Tj ET Q q 0 0 0 rg BT 176.79 637.10 Td (Holder" ) Tj ET Q q 0 0 0 rg BT 210.15 637.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.33 637.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.28 637.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 265.21 637.10 Td (owner ) Tj ET Q q 0 0 0 rg BT 291.71 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.55 637.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 326.40 637.10 Td (that ) Tj ET Q q 0 0 0 rg BT 342.90 637.10 Td (is, ) Tj ET Q q 0 0 0 rg BT 353.58 637.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.75 637.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 386.05 637.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 415.31 637.10 Td (income ) Tj ET Q q 0 0 0 rg BT 446.26 637.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 459.99 637.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 499.55 637.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 510.50 637.10 Td (an ) Tj ET Q q 0 0 0 rg BT 521.45 637.10 Td (individual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (citizen ) Tj ET Q q 0 0 0 rg BT 79.11 625.10 Td (or ) Tj ET Q q 0 0 0 rg BT 89.90 625.10 Td (resident ) Tj ET Q q 0 0 0 rg BT 124.02 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.81 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.49 625.10 Td (United ) Tj ET Q q 0 0 0 rg BT 179.17 625.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 208.01 625.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 222.69 625.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.59 625.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 278.14 625.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 292.27 625.10 Td (any ) Tj ET Q q 0 0 0 rg BT 309.17 625.10 Td (other ) Tj ET Q q 0 0 0 rg BT 332.17 625.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 357.41 625.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 387.07 625.10 Td (as ) Tj ET Q q 0 0 0 rg BT 397.86 625.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.76 625.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 453.32 625.10 Td (for ) Tj ET Q q 0 0 0 rg BT 467.44 625.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 487.68 625.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 517.90 625.10 Td (income ) Tj ET Q q 0 0 0 rg BT 549.79 625.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (purposes\) ) Tj ET Q q 0 0 0 rg BT 91.92 613.10 Td (created ) Tj ET Q q 0 0 0 rg BT 123.82 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.18 613.10 Td (or) Tj ET Q q 0 0 0 rg BT 143.33 613.10 Td (ganized ) Tj ET Q q 0 0 0 rg BT 177.46 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.28 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.64 613.10 Td (under ) Tj ET Q q 0 0 0 rg BT 225.45 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.70 613.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 262.07 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.43 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.69 613.10 Td (United ) Tj ET Q q 0 0 0 rg BT 318.94 613.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 348.36 613.10 Td (any ) Tj ET Q q 0 0 0 rg BT 365.84 613.10 Td (state ) Tj ET Q q 0 0 0 rg BT 387.20 613.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 418.55 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.92 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.17 613.10 Td (District ) Tj ET Q q 0 0 0 rg BT 478.20 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.57 613.10 Td (Columbia, ) Tj ET Q q 0 0 0 rg BT 534.54 613.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 552.58 613.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 75.39 601.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 103.56 601.10 Td (income ) Tj ET Q q 0 0 0 rg BT 135.62 601.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.92 601.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 175.87 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.27 601.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 206.68 601.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 237.06 601.10 Td (income ) Tj ET Q q 0 0 0 rg BT 269.11 601.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 283.96 601.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 327.12 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.07 601.10 Td (its ) Tj ET Q q 0 0 0 rg BT 350.14 601.10 Td (source, ) Tj ET Q q 0 0 0 rg BT 381.37 601.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.32 601.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 409.38 601.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.45 601.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 436.85 601.10 Td (if ) Tj ET Q q 0 0 0 rg BT 445.58 601.10 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 462.09 601.10 Td (a ) Tj ET Q q 0 0 0 rg BT 469.15 601.10 Td (United ) Tj ET Q q 0 0 0 rg BT 498.99 601.10 Td (States ) Tj ET Q q 0 0 0 rg BT 525.51 601.10 Td (court ) Tj ET Q q 0 0 0 rg BT 548.68 601.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.66 589.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 103.20 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.42 589.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 148.61 589.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 182.71 589.10 Td (supervision ) Tj ET Q q 0 0 0 rg BT 231.26 589.10 Td (over ) Tj ET Q q 0 0 0 rg BT 251.47 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.13 589.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 326.33 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.10 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.76 589.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 371.98 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.86 589.10 Td (one ) Tj ET Q q 0 0 0 rg BT 405.74 589.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.51 589.10 Td (more ) Tj ET Q q 0 0 0 rg BT 439.50 589.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 459.72 589.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 492.71 589.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 506.81 589.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 539.24 589.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.37 577.10 Td (Code\) ) Tj ET Q q 0 0 0 rg BT 90.97 577.10 Td (are ) Tj ET Q q 0 0 0 rg BT 105.33 577.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 149.69 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.62 577.10 Td (control ) Tj ET Q q 0 0 0 rg BT 190.10 577.10 Td (all ) Tj ET Q q 0 0 0 rg BT 202.25 577.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 247.18 577.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 286.56 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.04 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.41 577.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 331.35 577.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.83 577.10 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 357.32 577.10 Td (it ) Tj ET Q q 0 0 0 rg BT 365.03 577.10 Td (has ) Tj ET Q q 0 0 0 rg BT 380.52 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.11 577.10 Td (valid ) Tj ET Q q 0 0 0 rg BT 409.26 577.10 Td (election ) Tj ET Q q 0 0 0 rg BT 443.07 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.00 577.10 Td (place ) Tj ET Q q 0 0 0 rg BT 476.25 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.19 577.10 Td (be ) Tj ET Q q 0 0 0 rg BT 497.78 577.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 527.14 577.10 Td (as ) Tj ET Q q 0 0 0 rg BT 537.62 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 544.22 577.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (person. ) Tj ET Q q 0 0 0 rg BT 81.32 565.10 Td (A) Tj ET Q q 0 0 0 rg BT 87.99 565.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.76 565.10 Td ("Non-U.S. ) Tj ET Q q 0 0 0 rg BT 135.95 565.10 Td (Holder" ) Tj ET Q q 0 0 0 rg BT 170.57 565.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.01 565.10 Td (any ) Tj ET Q q 0 0 0 rg BT 197.22 565.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 239.41 565.10 Td (owner ) Tj ET Q q 0 0 0 rg BT 267.17 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.27 565.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.48 565.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 307.69 565.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 327.96 565.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.39 565.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 362.94 565.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 393.47 565.10 Td (income ) Tj ET Q q 0 0 0 rg BT 425.67 565.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 440.66 565.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 481.48 565.10 Td (is ) Tj ET Q q 0 0 0 rg BT 490.92 565.10 Td (not ) Tj ET Q q 0 0 0 rg BT 506.47 565.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.68 565.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 534.24 565.10 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 553.10 Td (that ) Tj ET Q q 0 0 0 rg BT 84.43 553.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.60 553.10 Td (not ) Tj ET Q q 0 0 0 rg BT 108.88 553.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.82 553.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 163.31 553.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 177.47 553.10 Td (other ) Tj ET Q q 0 0 0 rg BT 200.51 553.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 225.79 553.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 255.49 553.10 Td (as ) Tj ET Q q 0 0 0 rg BT 266.32 553.10 Td (a ) Tj ET Q q 0 0 0 rg BT 273.26 553.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 320.74 553.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.90 553.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 355.19 553.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 385.44 553.10 Td (income ) Tj ET Q q 0 0 0 rg BT 417.37 553.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 432.09 553.10 Td (purposes\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 523.10 Td (If ) Tj ET Q q 0 0 0 rg BT 94.51 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 100.80 523.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 147.64 523.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 161.15 523.10 Td (other ) Tj ET Q q 0 0 0 rg BT 183.54 523.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 208.17 523.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 237.22 523.10 Td (as ) Tj ET Q q 0 0 0 rg BT 247.40 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.69 523.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 300.53 523.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.04 523.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 333.67 523.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 363.28 523.10 Td (income ) Tj ET Q q 0 0 0 rg BT 394.56 523.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 408.63 523.10 Td (purposes\) ) Tj ET Q q 0 0 0 rg BT 449.36 523.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 472.88 523.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 500.56 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.63 523.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 534.26 523.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (income ) Tj ET Q q 0 0 0 rg BT 80.98 511.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 94.73 511.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 134.04 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.91 511.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.89 511.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 179.75 511.10 Td (will ) Tj ET Q q 0 0 0 rg BT 196.84 511.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 235.59 511.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 266.01 511.10 Td (on ) Tj ET Q q 0 0 0 rg BT 277.55 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.31 511.10 Td (status ) Tj ET Q q 0 0 0 rg BT 315.63 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.50 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.26 511.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 369.12 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.10 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.86 511.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 436.50 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.37 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.13 511.10 Td (partnership. ) Tj ET Q q 0 0 0 rg BT 508.81 511.10 Td (A) Tj ET Q q 0 0 0 rg BT 515.48 511.10 Td ( ) Tj ET Q q 0 0 0 rg BT 517.03 511.10 Td (partnership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 83.36 499.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 111.99 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.23 499.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 164.23 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.81 499.10 Td (such ) Tj ET Q q 0 0 0 rg BT 195.94 499.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.18 499.10 Td (partnership, ) Tj ET Q q 0 0 0 rg BT 253.47 499.10 Td (should ) Tj ET Q q 0 0 0 rg BT 282.94 499.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 314.62 499.10 Td (their ) Tj ET Q q 0 0 0 rg BT 335.75 499.10 Td (own ) Tj ET Q q 0 0 0 rg BT 355.77 499.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 370.79 499.10 Td (advisors ) Tj ET Q q 0 0 0 rg BT 406.92 499.10 Td (with ) Tj ET Q q 0 0 0 rg BT 427.50 499.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 455.83 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.41 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.43 499.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 502.01 499.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 532.57 499.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.72 487.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 122.19 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.02 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.74 487.10 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 188.28 487.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 232.44 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.38 487.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 295.77 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.60 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.32 487.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 347.15 487.10 Td (by ) Tj ET Q q 0 0 0 rg BT 359.65 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.37 487.10 Td (partnership.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 457.10 Td (THIS ) Tj ET Q q 0 0 0 rg BT 109.78 457.10 Td (DISCUSSION ) Tj ET Q q 0 0 0 rg BT 170.24 457.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 184.47 457.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 205.46 457.10 Td (MA) Tj ET Q q 0 0 0 rg BT 220.47 457.10 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 255.64 457.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.20 457.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 276.54 457.10 Td (FEDERAL) Tj ET Q q 0 0 0 rg BT 321.17 457.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.73 457.10 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 363.62 457.10 Td (T) Tj ET Q q 0 0 0 rg BT 368.92 457.10 Td (AX ) Tj ET Q q 0 0 0 rg BT 384.92 457.10 Td (CONSIDERA) Tj ET Q q 0 0 0 rg BT 441.04 457.10 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 472.04 457.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 486.27 457.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 507.27 457.10 Td (PURCHASE, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (OWNERSHIP) Tj ET Q q 0 0 0 rg BT 107.96 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.03 445.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 134.34 445.10 Td (DISPOSITION ) Tj ET Q q 0 0 0 rg BT 198.65 445.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 213.89 445.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 235.97 445.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 270.84 445.10 Td (IS ) Tj ET Q q 0 0 0 rg BT 282.38 445.10 Td (NOT) Tj ET Q q 0 0 0 rg BT 302.75 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.39 445.10 Td (INTENDED ) Tj ET Q q 0 0 0 rg BT 358.39 445.10 Td (T) Tj ET Q q 0 0 0 rg BT 364.32 445.10 Td (O ) Tj ET Q q 0 0 0 rg BT 374.18 445.10 Td (BE, ) Tj ET Q q 0 0 0 rg BT 392.11 445.10 Td (NOR ) Tj ET Q q 0 0 0 rg BT 415.87 445.10 Td (SHOULD ) Tj ET Q q 0 0 0 rg BT 459.07 445.10 Td (IT) Tj ET Q q 0 0 0 rg BT 468.33 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.97 445.10 Td (BE ) Tj ET Q q 0 0 0 rg BT 486.40 445.10 Td (CONSTRUED ) Tj ET Q q 0 0 0 rg BT 548.86 445.10 Td (T) Tj ET Q q 0 0 0 rg BT 554.78 445.10 Td (O ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (BE, ) Tj ET Q q 0 0 0 rg BT 67.27 433.10 Td (LEGAL) Tj ET Q q 0 0 0 rg BT 99.66 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.65 433.10 Td (OR ) Tj ET Q q 0 0 0 rg BT 117.39 433.10 Td (T) Tj ET Q q 0 0 0 rg BT 122.69 433.10 Td (AX ) Tj ET Q q 0 0 0 rg BT 138.69 433.10 Td (ADVICE ) Tj ET Q q 0 0 0 rg BT 178.30 433.10 Td (T) Tj ET Q q 0 0 0 rg BT 184.23 433.10 Td (O ) Tj ET Q q 0 0 0 rg BT 193.00 433.10 Td (ANY) Tj ET Q q 0 0 0 rg BT 214.29 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.28 433.10 Td (P) Tj ET Q q 0 0 0 rg BT 220.93 433.10 Td (AR) Tj ET Q q 0 0 0 rg BT 234.22 433.10 Td (TICULAR ) Tj ET Q q 0 0 0 rg BT 279.53 433.10 Td (PERSON. ) Tj ET Q q 0 0 0 rg BT 321.93 433.10 Td (ACCORDINGL) Tj ET Q q 0 0 0 rg BT 386.48 433.10 Td (Y) Tj ET Q q 0 0 0 rg BT 392.42 433.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.46 433.10 Td (ALL) Tj ET Q q 0 0 0 rg BT 415.53 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.52 433.10 Td (PROSPECTIVE ) Tj ET Q q 0 0 0 rg BT 485.63 433.10 Td (INVEST) Tj ET Q q 0 0 0 rg BT 521.00 433.10 Td (ORS ) Tj ET Q q 0 0 0 rg BT 542.00 433.10 Td (ARE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (URGED ) Tj ET Q q 0 0 0 rg BT 87.29 421.10 Td (T) Tj ET Q q 0 0 0 rg BT 93.22 421.10 Td (O ) Tj ET Q q 0 0 0 rg BT 103.52 421.10 Td (CONSUL) Tj ET Q q 0 0 0 rg BT 142.60 421.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.53 421.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.38 421.10 Td (THEIR ) Tj ET Q q 0 0 0 rg BT 183.90 421.10 Td (OWN ) Tj ET Q q 0 0 0 rg BT 210.63 421.10 Td (T) Tj ET Q q 0 0 0 rg BT 215.94 421.10 Td (AX ) Tj ET Q q 0 0 0 rg BT 232.78 421.10 Td (ADVISORS ) Tj ET Q q 0 0 0 rg BT 285.64 421.10 Td (WITH ) Tj ET Q q 0 0 0 rg BT 314.81 421.10 Td (RESPECT) Tj ET Q q 0 0 0 rg BT 357.42 421.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.27 421.10 Td (T) Tj ET Q q 0 0 0 rg BT 366.20 421.10 Td (O ) Tj ET Q q 0 0 0 rg BT 376.27 421.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 398.78 421.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 419.64 421.10 Td (FEDERAL, ) Tj ET Q q 0 0 0 rg BT 470.21 421.10 Td (ST) Tj ET Q q 0 0 0 rg BT 481.08 421.10 Td (A) Tj ET Q q 0 0 0 rg BT 487.20 421.10 Td (TE, ) Tj ET Q q 0 0 0 rg BT 504.99 421.10 Td (LOCAL) Tj ET Q q 0 0 0 rg BT 537.94 421.10 Td ( ) Tj ET Q q 0 0 0 rg BT 540.34 421.10 Td (AND ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (NON-U.S. ) Tj ET Q q 0 0 0 rg BT 95.09 409.10 Td (T) Tj ET Q q 0 0 0 rg BT 100.40 409.10 Td (AX ) Tj ET Q q 0 0 0 rg BT 117.33 409.10 Td (CONSEQUENCES ) Tj ET Q q 0 0 0 rg BT 198.72 409.10 Td (RELA) Tj ET Q q 0 0 0 rg BT 223.72 409.10 Td (TING ) Tj ET Q q 0 0 0 rg BT 249.91 409.10 Td (T) Tj ET Q q 0 0 0 rg BT 255.84 409.10 Td (O ) Tj ET Q q 0 0 0 rg BT 265.38 409.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 287.31 409.10 Td (PURCHASE, ) Tj ET Q q 0 0 0 rg BT 344.53 409.10 Td (OWNERSHIP) Tj ET Q q 0 0 0 rg BT 402.50 409.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.44 409.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 428.60 409.10 Td (DISPOSITION ) Tj ET Q q 0 0 0 rg BT 492.76 409.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 507.85 409.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 529.78 409.10 Td (NOTES ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (BASED ) Tj ET Q q 0 0 0 rg BT 85.28 397.10 Td (ON ) Tj ET Q q 0 0 0 rg BT 102.05 397.10 Td (THEIR ) Tj ET Q q 0 0 0 rg BT 133.98 397.10 Td (P) Tj ET Q q 0 0 0 rg BT 138.63 397.10 Td (AR) Tj ET Q q 0 0 0 rg BT 151.92 397.10 Td (TICULAR ) Tj ET Q q 0 0 0 rg BT 197.75 397.10 Td (CIRCUMST) Tj ET Q q 0 0 0 rg BT 248.07 397.10 Td (ANCES.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 367.10 Td (axation of the Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (In General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 307.10 Td (There ) Tj ET Q q 0 0 0 rg BT 114.45 307.10 Td (are ) Tj ET Q q 0 0 0 rg BT 131.80 307.10 Td (no ) Tj ET Q q 0 0 0 rg BT 146.94 307.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 187.07 307.10 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 236.38 307.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 288.45 307.10 Td (published ) Tj ET Q q 0 0 0 rg BT 332.48 307.10 Td (rulings, ) Tj ET Q q 0 0 0 rg BT 367.89 307.10 Td (or ) Tj ET Q q 0 0 0 rg BT 381.36 307.10 Td (judicial ) Tj ET Q q 0 0 0 rg BT 416.49 307.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 458.84 307.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.98 307.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 514.66 307.10 Td (address ) Tj ET Q q 0 0 0 rg BT 549.79 307.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 116.92 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.32 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.61 295.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 170.01 295.10 Td (or ) Tj ET Q q 0 0 0 rg BT 181.42 295.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 231.16 295.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 262.00 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.86 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.15 295.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 314.55 295.10 Td (for ) Tj ET Q q 0 0 0 rg BT 329.28 295.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 350.14 295.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 380.97 295.10 Td (income ) Tj ET Q q 0 0 0 rg BT 413.48 295.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 428.77 295.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 469.89 295.10 Td (However) Tj ET Q q 0 0 0 rg BT 506.14 295.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.72 295.10 Td (although ) Tj ET Q q 0 0 0 rg BT 549.79 295.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 78.20 283.10 Td (is ) Tj ET Q q 0 0 0 rg BT 87.53 283.10 Td (not ) Tj ET Q q 0 0 0 rg BT 102.96 283.10 Td (free ) Tj ET Q q 0 0 0 rg BT 121.16 283.10 Td (from ) Tj ET Q q 0 0 0 rg BT 143.25 283.10 Td (doubt, ) Tj ET Q q 0 0 0 rg BT 171.19 283.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 188.05 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.71 283.10 Td (will ) Tj ET Q q 0 0 0 rg BT 208.92 283.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 229.34 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.22 283.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 270.21 283.10 Td (as ) Tj ET Q q 0 0 0 rg BT 281.19 283.10 Td (its ) Tj ET Q q 0 0 0 rg BT 293.30 283.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 313.17 283.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 362.50 283.10 Td (that ) Tj ET Q q 0 0 0 rg BT 380.15 283.10 Td (have ) Tj ET Q q 0 0 0 rg BT 401.69 283.10 Td (original ) Tj ET Q q 0 0 0 rg BT 435.45 283.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 458.10 283.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 494.65 283.10 Td (\("OID"\) ) Tj ET Q q 0 0 0 rg BT 529.90 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.22 283.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 79.24 271.10 Td (income ) Tj ET Q q 0 0 0 rg BT 110.16 271.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 123.86 271.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 163.29 271.10 Td (Where ) Tj ET Q q 0 0 0 rg BT 191.42 271.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 228.72 271.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 245.58 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.06 271.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 277.43 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.69 271.10 Td (file ) Tj ET Q q 0 0 0 rg BT 301.50 271.10 Td (information ) Tj ET Q q 0 0 0 rg BT 350.20 271.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 379.45 271.10 Td (with ) Tj ET Q q 0 0 0 rg BT 398.72 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.42 271.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 429.46 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.73 271.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 485.17 271.10 Td (with ) Tj ET Q q 0 0 0 rg BT 504.43 271.10 Td (such ) Tj ET Q q 0 0 0 rg BT 524.25 271.10 Td (treatment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 77.76 259.10 Td (there ) Tj ET Q q 0 0 0 rg BT 100.51 259.10 Td (is ) Tj ET Q q 0 0 0 rg BT 109.95 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.15 259.10 Td (change ) Tj ET Q q 0 0 0 rg BT 148.23 259.10 Td (or ) Tj ET Q q 0 0 0 rg BT 159.32 259.10 Td (clarification ) Tj ET Q q 0 0 0 rg BT 210.39 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.93 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.91 259.10 Td (law) Tj ET Q q 0 0 0 rg BT 249.70 259.10 Td (, ) Tj ET Q q 0 0 0 rg BT 254.97 259.10 Td (by ) Tj ET Q q 0 0 0 rg BT 267.73 259.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 311.04 259.10 Td (or ) Tj ET Q q 0 0 0 rg BT 322.13 259.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 366.27 259.10 Td (that ) Tj ET Q q 0 0 0 rg BT 384.03 259.10 Td (would ) Tj ET Q q 0 0 0 rg BT 411.79 259.10 Td (require ) Tj ET Q q 0 0 0 rg BT 442.87 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.07 259.10 Td (dif) Tj ET Q q 0 0 0 rg BT 461.00 259.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 487.08 259.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 553.69 259.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 247.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 217.10 Td (Y) Tj ET Q q 0 0 0 rg BT 92.22 217.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 104.43 217.10 Td (should ) Tj ET Q q 0 0 0 rg BT 133.31 217.10 Td (be ) Tj ET Q q 0 0 0 rg BT 144.96 217.10 Td (aware, ) Tj ET Q q 0 0 0 rg BT 173.54 217.10 Td (however) Tj ET Q q 0 0 0 rg BT 207.57 217.10 Td (, ) Tj ET Q q 0 0 0 rg BT 212.28 217.10 Td (that ) Tj ET Q q 0 0 0 rg BT 229.49 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.91 217.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 263.91 217.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 297.21 217.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 334.41 217.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 366.60 217.10 Td (\("IRS"\) ) Tj ET Q q 0 0 0 rg BT 399.20 217.10 Td (is ) Tj ET Q q 0 0 0 rg BT 408.08 217.10 Td (not ) Tj ET Q q 0 0 0 rg BT 423.07 217.10 Td (bound ) Tj ET Q q 0 0 0 rg BT 450.28 217.10 Td (by ) Tj ET Q q 0 0 0 rg BT 462.49 217.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 487.63 217.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 553.68 217.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.15 205.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 91.42 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.80 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.95 205.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 142.45 205.10 Td (or ) Tj ET Q q 0 0 0 rg BT 153.72 205.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.09 205.10 Td (court ) Tj ET Q q 0 0 0 rg BT 184.58 205.10 Td (may ) Tj ET Q q 0 0 0 rg BT 204.73 205.10 Td (take ) Tj ET Q q 0 0 0 rg BT 224.32 205.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.70 205.10 Td (dif) Tj ET Q q 0 0 0 rg BT 242.62 205.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 268.88 205.10 Td (position ) Tj ET Q q 0 0 0 rg BT 304.04 205.10 Td (with ) Tj ET Q q 0 0 0 rg BT 324.76 205.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 356.01 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.72 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.88 205.10 Td (Notes' ) Tj ET Q q 0 0 0 rg BT 409.95 205.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 438.98 205.10 Td (characterization. ) Tj ET Q q 0 0 0 rg BT 507.61 205.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 527.77 205.10 Td (dif) Tj ET Q q 0 0 0 rg BT 538.70 205.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 116.89 193.10 Td (could ) Tj ET Q q 0 0 0 rg BT 142.16 193.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 195.20 193.10 Td (af) Tj ET Q q 0 0 0 rg BT 202.79 193.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 220.82 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.09 193.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 271.63 193.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 303.29 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.78 193.10 Td (character ) Tj ET Q q 0 0 0 rg BT 360.46 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.84 193.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 406.82 193.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 427.09 193.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.47 193.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 457.08 193.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 503.99 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.82 193.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 546.18 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.56 193.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 74.49 181.10 Td (For ) Tj ET Q q 0 0 0 rg BT 90.93 181.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 129.86 181.10 Td (because ) Tj ET Q q 0 0 0 rg BT 164.05 181.10 Td (each ) Tj ET Q q 0 0 0 rg BT 184.92 181.10 Td (series ) Tj ET Q q 0 0 0 rg BT 210.24 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.12 181.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 247.00 181.10 Td (will ) Tj ET Q q 0 0 0 rg BT 265.11 181.10 Td (correspond ) Tj ET Q q 0 0 0 rg BT 312.09 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.42 181.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.41 181.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 351.68 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.67 181.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 385.53 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.08 181.10 Td (has ) Tj ET Q q 0 0 0 rg BT 403.96 181.10 Td (no ) Tj ET Q q 0 0 0 rg BT 416.51 181.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 459.61 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.94 181.10 Td (make ) Tj ET Q q 0 0 0 rg BT 494.15 181.10 Td (any ) Tj ET Q q 0 0 0 rg BT 511.14 181.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 552.02 181.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.95 169.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 91.02 169.10 Td (unless, ) Tj ET Q q 0 0 0 rg BT 121.25 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.42 169.10 Td (then ) Tj ET Q q 0 0 0 rg BT 158.37 169.10 Td (only ) Tj ET Q q 0 0 0 rg BT 178.89 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.40 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.35 169.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 231.52 169.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 251.75 169.10 Td (it ) Tj ET Q q 0 0 0 rg BT 260.04 169.10 Td (has ) Tj ET Q q 0 0 0 rg BT 276.10 169.10 Td (received ) Tj ET Q q 0 0 0 rg BT 312.70 169.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 353.76 169.10 Td (on ) Tj ET Q q 0 0 0 rg BT 366.49 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.45 169.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 441.39 169.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 463.84 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.79 169.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 497.08 169.10 Td (could ) Tj ET Q q 0 0 0 rg BT 522.04 169.10 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 70.02 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 80.33 157.10 Td (substance, ) Tj ET Q q 0 0 0 rg BT 124.23 157.10 Td (each ) Tj ET Q q 0 0 0 rg BT 145.07 157.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 179.81 157.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 203.45 157.10 Td (a ) Tj ET Q q 0 0 0 rg BT 210.42 157.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 266.81 157.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 298.77 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.08 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.82 157.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 383.55 157.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 403.30 157.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.48 157.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 437.79 157.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 468.07 157.10 Td (income ) Tj ET Q q 0 0 0 rg BT 500.03 157.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 514.77 157.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 555.35 157.10 Td (If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.93 145.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 83.21 145.10 Td (took ) Tj ET Q q 0 0 0 rg BT 103.70 145.10 Td (such ) Tj ET Q q 0 0 0 rg BT 124.74 145.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.89 145.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 169.33 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.27 145.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 199.20 145.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 239.67 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.71 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.64 145.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 291.69 145.10 Td (may ) Tj ET Q q 0 0 0 rg BT 311.62 145.10 Td (dif) Tj ET Q q 0 0 0 rg BT 322.55 145.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 336.36 145.10 Td (materially) Tj ET Q q 0 0 0 rg BT 376.25 145.10 Td (, ) Tj ET Q q 0 0 0 rg BT 381.46 145.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 424.45 145.10 Td (but ) Tj ET Q q 0 0 0 rg BT 439.94 145.10 Td (not ) Tj ET Q q 0 0 0 rg BT 455.43 145.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 486.48 145.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 499.47 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.40 145.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 532.10 145.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.81 145.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 76.37 133.10 Td (would ) Tj ET Q q 0 0 0 rg BT 104.42 133.10 Td (no ) Tj ET Q q 0 0 0 rg BT 117.46 133.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 146.05 133.10 Td (be ) Tj ET Q q 0 0 0 rg BT 158.54 133.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 204.90 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.72 133.10 Td (have ) Tj ET Q q 0 0 0 rg BT 237.64 133.10 Td (OID. ) Tj ET Q q 0 0 0 rg BT 260.29 133.10 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 312.40 133.10 Td (, ) Tj ET Q q 0 0 0 rg BT 317.94 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.20 133.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 351.81 133.10 Td (could ) Tj ET Q q 0 0 0 rg BT 377.07 133.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 408.44 133.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 429.25 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.51 133.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 470.88 133.10 Td (as ) Tj ET Q q 0 0 0 rg BT 482.26 133.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.74 133.10 Td (dif) Tj ET Q q 0 0 0 rg BT 500.67 133.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 527.03 133.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 94.62 121.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 137.57 121.10 Td (an ) Tj ET Q q 0 0 0 rg BT 148.85 121.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 175.69 121.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 206.97 121.10 Td (or ) Tj ET Q q 0 0 0 rg BT 217.15 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 223.43 121.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 265.26 121.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.08 121.10 Td (instrument\). ) Tj ET Q q 0 0 0 rg BT 352.53 121.10 Td (If ) Tj ET Q q 0 0 0 rg BT 361.04 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.10 121.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 400.28 121.10 Td (are ) Tj ET Q q 0 0 0 rg BT 414.33 121.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 443.38 121.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.55 121.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 478.33 121.10 Td (equity) Tj ET Q q 0 0 0 rg BT 502.67 121.10 Td (, ) Tj ET Q q 0 0 0 rg BT 507.02 121.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 518.30 121.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 535.16 121.10 Td ( ) Tj ET Q q 0 0 0 rg BT 537.01 121.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.74 109.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 92.37 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.45 109.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 122.53 109.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 152.59 109.10 Td (income ) Tj ET Q q 0 0 0 rg BT 184.33 109.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 198.85 109.10 Td (on ) Tj ET Q q 0 0 0 rg BT 211.15 109.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 245.38 109.10 Td (including ) Tj ET Q q 0 0 0 rg BT 285.46 109.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 319.69 109.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 353.08 109.10 Td (on ) Tj ET Q q 0 0 0 rg BT 365.38 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.90 109.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 439.41 109.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 462.82 109.10 Td (but ) Tj ET Q q 0 0 0 rg BT 477.90 109.10 Td (would ) Tj ET Q q 0 0 0 rg BT 505.21 109.10 Td (not ) Tj ET Q q 0 0 0 rg BT 520.29 109.10 Td (be ) Tj ET Q q 0 0 0 rg BT 532.03 109.10 Td (entitled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.08 97.10 Td (deduct ) Tj ET Q q 0 0 0 rg BT 89.04 97.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 120.77 97.10 Td (or ) Tj ET Q q 0 0 0 rg BT 131.40 97.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 151.48 97.10 Td (on ) Tj ET Q q 0 0 0 rg BT 163.78 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.30 97.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 206.43 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.17 97.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 237.69 97.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 278.31 97.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.61 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.13 97.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 330.76 97.10 Td (would ) Tj ET Q q 0 0 0 rg BT 358.06 97.10 Td (be ) Tj ET Q q 0 0 0 rg BT 369.80 97.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 399.31 97.10 Td (by ) Tj ET Q q 0 0 0 rg BT 411.61 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.13 97.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 453.97 97.10 Td (for ) Tj ET Q q 0 0 0 rg BT 467.94 97.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 488.02 97.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 518.08 97.10 Td (income ) Tj ET Q q 0 0 0 rg BT 549.81 97.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 87.19 85.10 Td (as ) Tj ET Q q 0 0 0 rg BT 97.15 85.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 137.67 85.10 Td (\(that ) Tj ET Q q 0 0 0 rg BT 157.63 85.10 Td (may ) Tj ET Q q 0 0 0 rg BT 176.48 85.10 Td (be ) Tj ET Q q 0 0 0 rg BT 187.55 85.10 Td (ineligible ) Tj ET Q q 0 0 0 rg BT 226.95 85.10 Td (for ) Tj ET Q q 0 0 0 rg BT 240.24 85.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 273.52 85.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 294.03 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.00 85.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 323.41 85.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 352.80 85.10 Td (income ) Tj ET Q q 0 0 0 rg BT 383.87 85.10 Td (taxation ) Tj ET Q q 0 0 0 rg BT 417.71 85.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.68 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.53 85.10 Td (dividends-received ) Tj ET Q q 0 0 0 rg BT 519.24 85.10 Td (deduction\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 73.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 101.93 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.76 73.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 138.18 73.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 174.56 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.50 73.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 220.11 73.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.94 73.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 272.87 73.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.03 73.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 307.31 73.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 337.57 73.10 Td (income ) Tj ET Q q 0 0 0 rg BT 369.50 73.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 384.22 73.10 Td (purposes.) Tj ET Q endstream endobj 181 0 obj <> endobj 182 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (90) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 91.93 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.21 742.10 Td (differ) Tj ET Q q 0 0 0 rg BT 115.50 742.10 Td (ent ) Tj ET Q q 0 0 0 rg BT 130.00 742.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 198.38 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 217.32 742.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 269.04 742.10 Td (r) Tj ET Q q 0 0 0 rg BT 272.56 742.10 Td (educe ) Tj ET Q q 0 0 0 rg BT 298.15 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.65 742.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 344.93 742.10 Td (available ) Tj ET Q q 0 0 0 rg BT 384.42 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.48 742.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 411.19 742.10 Td (inter) Tj ET Q q 0 0 0 rg BT 429.71 742.10 Td (est ) Tj ET Q q 0 0 0 rg BT 443.10 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 455.38 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.87 742.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 497.43 742.10 Td (Y) Tj ET Q q 0 0 0 rg BT 502.07 742.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 514.35 742.10 Td (ar) Tj ET Q q 0 0 0 rg BT 522.87 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 529.59 742.10 Td (str) Tj ET Q q 0 0 0 rg BT 539.78 742.10 Td (ongly ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (advised ) Tj ET Q q 0 0 0 rg BT 83.19 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.60 730.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 125.13 730.10 Td (your ) Tj ET Q q 0 0 0 rg BT 146.10 730.10 Td (own ) Tj ET Q q 0 0 0 rg BT 165.41 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 180.26 730.10 Td (advisor ) Tj ET Q q 0 0 0 rg BT 212.90 730.10 Td (r) Tj ET Q q 0 0 0 rg BT 216.42 730.10 Td (egar) Tj ET Q q 0 0 0 rg BT 234.38 730.10 Td (ding ) Tj ET Q q 0 0 0 rg BT 254.80 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.66 730.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 289.52 730.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 322.98 730.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 347.01 730.10 Td (local ) Tj ET Q q 0 0 0 rg BT 369.64 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.28 730.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 425.47 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 440.33 730.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 497.94 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.36 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.22 730.10 Td (pur) Tj ET Q q 0 0 0 rg BT 536.74 730.10 Td (chase, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (ownership, ) Tj ET Q q 0 0 0 rg BT 96.67 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.17 718.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 160.57 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.84 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.56 718.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 210.84 718.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 254.44 718.10 Td (any ) Tj ET Q q 0 0 0 rg BT 271.38 718.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 306.66 718.10 Td (differing ) Tj ET Q q 0 0 0 rg BT 343.60 718.10 Td (tr) Tj ET Q q 0 0 0 rg BT 349.90 718.10 Td (eatments ) Tj ET Q q 0 0 0 rg BT 387.95 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.23 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.94 718.10 Td (Notes\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td (As ) Tj ET Q q 0 0 0 rg BT 99.34 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.79 688.10 Td (following ) Tj ET Q q 0 0 0 rg BT 154.90 688.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 198.80 688.10 Td (indicates, ) Tj ET Q q 0 0 0 rg BT 239.07 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.52 688.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 279.08 688.10 Td (will ) Tj ET Q q 0 0 0 rg BT 296.86 688.10 Td (be ) Tj ET Q q 0 0 0 rg BT 308.53 688.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 337.96 688.10 Td (as ) Tj ET Q q 0 0 0 rg BT 348.52 688.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 373.68 688.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 393.12 688.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 442.02 688.10 Td (that ) Tj ET Q q 0 0 0 rg BT 459.24 688.10 Td (have ) Tj ET Q q 0 0 0 rg BT 480.35 688.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 500.35 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 514.24 688.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 534.25 688.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.83 676.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.43 676.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 136.88 676.10 Td (Unless ) Tj ET Q q 0 0 0 rg BT 166.49 676.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 207.76 676.10 Td (specified, ) Tj ET Q q 0 0 0 rg BT 248.74 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.35 676.10 Td (following ) Tj ET Q q 0 0 0 rg BT 304.63 676.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 348.69 676.10 Td (assumes ) Tj ET Q q 0 0 0 rg BT 384.41 676.10 Td (that ) Tj ET Q q 0 0 0 rg BT 401.80 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.41 676.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 442.13 676.10 Td (will ) Tj ET Q q 0 0 0 rg BT 460.08 676.10 Td (not ) Tj ET Q q 0 0 0 rg BT 475.25 676.10 Td (be ) Tj ET Q q 0 0 0 rg BT 487.08 676.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 517.80 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.97 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.57 676.10 Td (rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 93.05 664.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 137.76 664.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 174.69 664.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 194.41 664.10 Td (instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 634.10 Td (axation ) Tj ET Q q 0 0 0 rg BT 89.92 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.75 634.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 144.91 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 157.97 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.80 634.10 Td (Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.10 Td (Y) Tj ET Q q 0 0 0 rg BT 92.22 604.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 104.19 604.10 Td (will ) Tj ET Q q 0 0 0 rg BT 121.72 604.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 160.89 604.10 Td (be ) Tj ET Q q 0 0 0 rg BT 172.30 604.10 Td (required ) Tj ET Q q 0 0 0 rg BT 207.59 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.34 604.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 245.40 604.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 265.14 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.89 604.10 Td (income ) Tj ET Q q 0 0 0 rg BT 306.30 604.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.60 604.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 352.45 604.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 383.85 604.10 Td (income ) Tj ET Q q 0 0 0 rg BT 415.26 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 428.89 604.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 448.65 604.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 478.37 604.10 Td (income ) Tj ET Q q 0 0 0 rg BT 509.78 604.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 523.96 604.10 Td (purposes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 93.14 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.08 592.10 Td (your ) Tj ET Q q 0 0 0 rg BT 125.02 592.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 155.94 592.10 Td (method ) Tj ET Q q 0 0 0 rg BT 188.54 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.48 592.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 214.31 592.10 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 263.29 592.10 Td (If ) Tj ET Q q 0 0 0 rg BT 272.55 592.10 Td (you ) Tj ET Q q 0 0 0 rg BT 290.16 592.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 310.55 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 317.59 592.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 339.64 592.10 Td (that ) Tj ET Q q 0 0 0 rg BT 357.24 592.10 Td (has ) Tj ET Q q 0 0 0 rg BT 373.18 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.22 592.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 416.71 592.10 Td (date ) Tj ET Q q 0 0 0 rg BT 435.98 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.91 592.10 Td (more ) Tj ET Q q 0 0 0 rg BT 470.07 592.10 Td (than ) Tj ET Q q 0 0 0 rg BT 489.89 592.10 Td (one ) Tj ET Q q 0 0 0 rg BT 506.94 592.10 Td (year) Tj ET Q q 0 0 0 rg BT 523.75 592.10 Td (, ) Tj ET Q q 0 0 0 rg BT 528.85 592.10 Td (you ) Tj ET Q q 0 0 0 rg BT 546.46 592.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.50 580.10 Td (required ) Tj ET Q q 0 0 0 rg BT 96.88 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.72 580.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 134.86 580.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 154.70 580.10 Td (income ) Tj ET Q q 0 0 0 rg BT 186.20 580.10 Td (as ) Tj ET Q q 0 0 0 rg BT 196.59 580.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 232.53 580.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 264.02 580.10 Td (income ) Tj ET Q q 0 0 0 rg BT 295.52 580.10 Td (under ) Tj ET Q q 0 0 0 rg BT 320.35 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.85 580.10 Td ("constant ) Tj ET Q q 0 0 0 rg BT 366.32 580.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 388.38 580.10 Td (method." ) Tj ET Q q 0 0 0 rg BT 427.01 580.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 454.07 580.10 Td (this ) Tj ET Q q 0 0 0 rg BT 470.58 580.10 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 512.90 580.10 Td (if ) Tj ET Q q 0 0 0 rg BT 521.07 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 527.57 580.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.64 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.71 568.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 91.79 568.10 Td (is ) Tj ET Q q 0 0 0 rg BT 101.10 568.10 Td (not ) Tj ET Q q 0 0 0 rg BT 116.52 568.10 Td (made ) Tj ET Q q 0 0 0 rg BT 140.81 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.23 568.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 198.83 568.10 Td (with ) Tj ET Q q 0 0 0 rg BT 219.24 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.10 568.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 271.17 568.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 308.79 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.21 568.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 350.16 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.13 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.99 568.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 435.83 568.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 455.69 568.10 Td (\(for ) Tj ET Q q 0 0 0 rg BT 473.31 568.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 512.32 568.10 Td (because ) Tj ET Q q 0 0 0 rg BT 546.61 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.58 568.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (late ) Tj ET Q q 0 0 0 rg BT 66.97 556.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 103.94 556.10 Td (on ) Tj ET Q q 0 0 0 rg BT 116.47 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.23 556.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 190.97 556.10 Td (loan\), ) Tj ET Q q 0 0 0 rg BT 216.55 556.10 Td (you ) Tj ET Q q 0 0 0 rg BT 234.09 556.10 Td (will ) Tj ET Q q 0 0 0 rg BT 252.18 556.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.15 556.10 Td (required ) Tj ET Q q 0 0 0 rg BT 300.00 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.32 556.10 Td (include ) Tj ET Q q 0 0 0 rg BT 342.29 556.10 Td (an ) Tj ET Q q 0 0 0 rg BT 354.26 556.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 386.79 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.66 556.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 417.97 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.28 556.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 459.69 556.10 Td (income ) Tj ET Q q 0 0 0 rg BT 491.66 556.10 Td (as ) Tj ET Q q 0 0 0 rg BT 502.52 556.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 534.49 556.10 Td (even ) Tj ET Q q 0 0 0 rg BT 555.91 556.10 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (you ) Tj ET Q q 0 0 0 rg BT 67.50 544.10 Td (have ) Tj ET Q q 0 0 0 rg BT 88.88 544.10 Td (not ) Tj ET Q q 0 0 0 rg BT 104.16 544.10 Td (received ) Tj ET Q q 0 0 0 rg BT 140.52 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.23 544.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 181.61 544.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 218.54 544.10 Td (from ) Tj ET Q q 0 0 0 rg BT 240.48 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.20 544.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 314.90 544.10 Td (loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.79 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 109.55 514.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 141.40 514.10 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 191.59 514.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 234.56 514.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 254.75 514.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 287.71 514.10 Td (special ) Tj ET Q q 0 0 0 rg BT 317.90 514.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 339.76 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.84 514.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 404.58 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.21 514.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 451.63 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.48 514.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 499.77 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.52 514.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 530.71 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.79 514.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 99.46 502.10 Td (that ) Tj ET Q q 0 0 0 rg BT 117.24 502.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 150.58 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 165.04 502.10 Td (one ) Tj ET Q q 0 0 0 rg BT 182.27 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.39 502.10 Td (more ) Tj ET Q q 0 0 0 rg BT 216.73 502.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 261.72 502.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 298.94 502.10 Td (schedules ) Tj ET Q q 0 0 0 rg BT 340.61 502.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 384.49 502.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 407.28 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.29 502.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 468.94 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.06 502.10 Td (contingencies. ) Tj ET Q q 0 0 0 rg BT 540.33 502.10 Td (If ) Tj ET Q q 0 0 0 rg BT 549.78 502.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.95 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.23 490.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 132.95 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.12 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.18 490.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 200.34 490.10 Td (that ) Tj ET Q q 0 0 0 rg BT 218.17 490.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 257.67 490.10 Td (each ) Tj ET Q q 0 0 0 rg BT 278.82 490.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 316.09 490.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 353.92 490.10 Td (are ) Tj ET Q q 0 0 0 rg BT 368.96 490.10 Td (known ) Tj ET Q q 0 0 0 rg BT 399.02 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 410.19 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.36 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.42 490.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 459.25 490.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 481.25 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.52 490.10 Td (based ) Tj ET Q q 0 0 0 rg BT 524.13 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 536.97 490.10 Td (all ) Tj ET Q q 0 0 0 rg BT 549.80 490.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 70.50 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 86.56 478.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 144.82 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 154.78 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.73 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.57 478.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 200.19 478.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 220.97 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.03 478.10 Td (single ) Tj ET Q q 0 0 0 rg BT 252.54 478.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 288.60 478.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 325.20 478.10 Td (for ) Tj ET Q q 0 0 0 rg BT 338.49 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.55 478.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 363.39 478.10 Td (instrument, ) Tj ET Q q 0 0 0 rg BT 410.28 478.10 Td (including ) Tj ET Q q 0 0 0 rg BT 449.68 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.52 478.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 488.47 478.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 524.52 478.10 Td (schedule, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.46 466.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 112.25 466.10 Td (more ) Tj ET Q q 0 0 0 rg BT 135.59 466.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 161.16 466.10 Td (than ) Tj ET Q q 0 0 0 rg BT 181.17 466.10 Td (not ) Tj ET Q q 0 0 0 rg BT 196.74 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.31 466.10 Td (occur) Tj ET Q q 0 0 0 rg BT 229.12 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 234.42 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.43 466.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 282.22 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.45 466.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 331.11 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.23 466.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 362.80 466.10 Td (is ) Tj ET Q q 0 0 0 rg BT 372.26 466.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 420.04 466.10 Td (based ) Tj ET Q q 0 0 0 rg BT 445.60 466.10 Td (on ) Tj ET Q q 0 0 0 rg BT 458.40 466.10 Td (that ) Tj ET Q q 0 0 0 rg BT 476.19 466.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 513.41 466.10 Td (schedule. ) Tj ET Q q 0 0 0 rg BT 553.69 466.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 89.94 454.10 Td (under ) Tj ET Q q 0 0 0 rg BT 117.37 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.24 454.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 179.66 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 185.41 454.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 219.50 454.10 Td (Regulations, ) Tj ET Q q 0 0 0 rg BT 274.44 454.10 Td (remote ) Tj ET Q q 0 0 0 rg BT 306.86 454.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 337.07 454.10 Td (incidental ) Tj ET Q q 0 0 0 rg BT 381.16 454.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 440.81 454.10 Td (may ) Tj ET Q q 0 0 0 rg BT 462.68 454.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 504.55 454.10 Td (be ) Tj ET Q q 0 0 0 rg BT 518.65 454.10 Td (ignored. ) Tj ET Q q 0 0 0 rg BT 555.33 454.10 Td (A) Tj ET Q q 0 0 0 rg BT 562.00 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (contingency ) Tj ET Q q 0 0 0 rg BT 101.65 442.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 134.96 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.52 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.51 442.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 193.28 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.38 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 211.60 442.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 248.81 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 258.25 442.10 Td (incidental ) Tj ET Q q 0 0 0 rg BT 300.45 442.10 Td (if, ) Tj ET Q q 0 0 0 rg BT 311.84 442.10 Td (under ) Tj ET Q q 0 0 0 rg BT 337.38 442.10 Td (all ) Tj ET Q q 0 0 0 rg BT 350.15 442.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 396.24 442.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 434.55 442.10 Td (market ) Tj ET Q q 0 0 0 rg BT 465.09 442.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 512.03 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.02 442.10 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.34 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.01 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.57 430.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 144.34 430.10 Td (is ) Tj ET Q q 0 0 0 rg BT 153.35 430.10 Td (insignificant ) Tj ET Q q 0 0 0 rg BT 205.68 430.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 238.01 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.13 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.68 430.10 Td (total ) Tj ET Q q 0 0 0 rg BT 282.80 430.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 320.67 430.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 353.01 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.68 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.24 430.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 421.12 430.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 461.79 430.10 Td (on ) Tj ET Q q 0 0 0 rg BT 474.13 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.69 430.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 508.24 430.10 Td (instrument. ) Tj ET Q q 0 0 0 rg BT 555.34 430.10 Td (A) Tj ET Q q 0 0 0 rg BT 562.01 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (contingency ) Tj ET Q q 0 0 0 rg BT 101.86 418.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 135.40 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.16 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.37 418.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 190.48 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.80 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 209.23 418.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 246.65 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 256.31 418.10 Td (incidental ) Tj ET Q q 0 0 0 rg BT 298.73 418.10 Td (if, ) Tj ET Q q 0 0 0 rg BT 310.33 418.10 Td (under ) Tj ET Q q 0 0 0 rg BT 336.09 418.10 Td (all ) Tj ET Q q 0 0 0 rg BT 349.07 418.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 395.38 418.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 433.90 418.10 Td (market ) Tj ET Q q 0 0 0 rg BT 464.66 418.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 511.81 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.02 418.10 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 406.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 92.87 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.18 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.93 406.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 146.58 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.44 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.19 406.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 209.15 406.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.35 406.10 Td (insignificant. ) Tj ET Q q 0 0 0 rg BT 273.19 406.10 Td (The ) Tj ET Q q 0 0 0 rg BT 291.27 406.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 349.34 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.20 406.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 394.94 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.91 406.10 Td (single ) Tj ET Q q 0 0 0 rg BT 428.33 406.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 465.30 406.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 502.81 406.10 Td (is ) Tj ET Q q 0 0 0 rg BT 512.01 406.10 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (more ) Tj ET Q q 0 0 0 rg BT 73.05 394.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 98.32 394.10 Td (than ) Tj ET Q q 0 0 0 rg BT 118.04 394.10 Td (not ) Tj ET Q q 0 0 0 rg BT 133.32 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.59 394.10 Td (occur) Tj ET Q q 0 0 0 rg BT 165.40 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 170.40 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 181.23 394.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 215.94 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.88 394.10 Td (contingency ) Tj ET Q q 0 0 0 rg BT 274.25 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 283.42 394.10 Td (remote ) Tj ET Q q 0 0 0 rg BT 313.68 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 324.51 394.10 Td (incidental, ) Tj ET Q q 0 0 0 rg BT 368.94 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 378.11 394.10 Td (made ) Tj ET Q q 0 0 0 rg BT 402.27 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.43 394.10 Td (each ) Tj ET Q q 0 0 0 rg BT 437.24 394.10 Td (Note.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 364.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 107.97 364.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 129.39 364.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 165.81 364.10 Td (for ) Tj ET Q q 0 0 0 rg BT 179.45 364.10 Td (one ) Tj ET Q q 0 0 0 rg BT 195.87 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 206.18 364.10 Td (more ) Tj ET Q q 0 0 0 rg BT 228.71 364.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 272.89 364.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 309.30 364.10 Td (schedules ) Tj ET Q q 0 0 0 rg BT 350.16 364.10 Td (because ) Tj ET Q q 0 0 0 rg BT 383.79 364.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 400.65 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.63 364.10 Td (is ) Tj ET Q q 0 0 0 rg BT 411.28 364.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 450.47 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.23 364.10 Td (make ) Tj ET Q q 0 0 0 rg BT 483.87 364.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 524.18 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 536.16 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 542.58 364.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (only ) Tj ET Q q 0 0 0 rg BT 70.73 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.47 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.64 352.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 124.03 352.10 Td (that ) Tj ET Q q 0 0 0 rg BT 141.98 352.10 Td (it ) Tj ET Q q 0 0 0 rg BT 150.49 352.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 186.20 352.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 227.48 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 240.44 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.61 352.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 315.77 352.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 338.45 352.10 Td (less ) Tj ET Q q 0 0 0 rg BT 356.40 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.57 352.10 Td (service ) Tj ET Q q 0 0 0 rg BT 402.84 352.10 Td (char) Tj ET Q q 0 0 0 rg BT 419.87 352.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 432.26 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.66 352.10 Td (less ) Tj ET Q q 0 0 0 rg BT 467.61 352.10 Td (any ) Tj ET Q q 0 0 0 rg BT 485.01 352.10 Td (char) Tj ET Q q 0 0 0 rg BT 502.03 352.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 518.32 352.10 Td (it ) Tj ET Q q 0 0 0 rg BT 526.83 352.10 Td (incurs ) Tj ET Q q 0 0 0 rg BT 554.23 352.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.77 340.10 Td (with ) Tj ET Q q 0 0 0 rg BT 117.45 340.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 159.78 340.10 Td (on ) Tj ET Q q 0 0 0 rg BT 172.69 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.81 340.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 247.91 340.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 270.32 340.10 Td (The ) Tj ET Q q 0 0 0 rg BT 288.77 340.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 326.11 340.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 363.99 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.56 340.10 Td (each ) Tj ET Q q 0 0 0 rg BT 399.77 340.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 422.11 340.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 459.45 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 474.02 340.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 515.24 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.48 340.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.75 328.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 98.49 328.10 Td (on ) Tj ET Q q 0 0 0 rg BT 110.79 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.32 328.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 147.06 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.15 328.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 204.42 328.10 Td (with ) Tj ET Q q 0 0 0 rg BT 224.50 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.03 328.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 275.77 328.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 313.06 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 327.03 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.55 328.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 401.06 328.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 423.09 328.10 Td (In ) Tj ET Q q 0 0 0 rg BT 433.73 328.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 468.81 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.89 328.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 521.18 328.10 Td (payments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.54 316.10 Td (will ) Tj ET Q q 0 0 0 rg BT 85.78 316.10 Td (prepay ) Tj ET Q q 0 0 0 rg BT 114.67 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.80 316.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 141.92 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.38 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.28 316.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 191.40 316.10 Td (that ) Tj ET Q q 0 0 0 rg BT 208.08 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.20 316.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 252.53 316.10 Td (prepays ) Tj ET Q q 0 0 0 rg BT 285.32 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.22 316.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 318.12 316.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 377.01 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.47 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.37 316.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 423.99 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.11 316.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 456.97 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.66 316.10 Td (will ) Tj ET Q q 0 0 0 rg BT 475.90 316.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 492.02 316.10 Td (late ) Tj ET Q q 0 0 0 rg BT 508.14 316.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 525.92 316.10 Td (collected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.76 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.96 304.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 129.92 304.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 171.00 304.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 194.31 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.84 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.82 304.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 252.02 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.11 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.08 304.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 338.05 304.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 362.74 304.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 432.17 304.10 Td (such ) Tj ET Q q 0 0 0 rg BT 453.26 304.10 Td (contingencies, ) Tj ET Q q 0 0 0 rg BT 513.50 304.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 530.36 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 533.12 304.10 Td (intends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.20 292.10 Td (use ) Tj ET Q q 0 0 0 rg BT 75.95 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.59 292.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 127.44 292.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 164.85 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.60 292.10 Td (a ) Tj ET Q q 0 0 0 rg BT 182.46 292.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 204.32 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.52 292.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 256.92 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.56 292.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 303.97 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.83 292.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 352.12 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.87 292.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 383.06 292.10 Td (on ) Tj ET Q q 0 0 0 rg BT 395.48 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.12 292.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 431.98 292.10 Td (because ) Tj ET Q q 0 0 0 rg BT 466.04 292.10 Td (it ) Tj ET Q q 0 0 0 rg BT 474.02 292.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 509.21 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 526.62 292.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.48 292.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 555.34 292.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 103.18 280.10 Td (more ) Tj ET Q q 0 0 0 rg BT 126.92 280.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 152.88 280.10 Td (than ) Tj ET Q q 0 0 0 rg BT 173.29 280.10 Td (not ) Tj ET Q q 0 0 0 rg BT 189.26 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.22 280.10 Td (be ) Tj ET Q q 0 0 0 rg BT 212.85 280.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 233.26 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.23 280.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 292.38 280.10 Td (with ) Tj ET Q q 0 0 0 rg BT 313.35 280.10 Td (such ) Tj ET Q q 0 0 0 rg BT 334.87 280.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 372.49 280.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 410.67 280.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 439.40 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.81 280.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 498.55 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.07 280.10 Td (nonpayment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 99.64 268.10 Td (or ) Tj ET Q q 0 0 0 rg BT 110.41 268.10 Td (late ) Tj ET Q q 0 0 0 rg BT 127.29 268.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 164.16 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 176.60 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.26 268.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 210.92 268.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 270.56 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.78 268.10 Td (such ) Tj ET Q q 0 0 0 rg BT 301.55 268.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 323.43 268.10 Td (will ) Tj ET Q q 0 0 0 rg BT 341.43 268.10 Td (be ) Tj ET Q q 0 0 0 rg BT 353.31 268.10 Td (remote ) Tj ET Q q 0 0 0 rg BT 383.51 268.10 Td (or ) Tj ET Q q 0 0 0 rg BT 394.28 268.10 Td (incidental. ) Tj ET Q q 0 0 0 rg BT 438.65 268.10 Td (If ) Tj ET Q q 0 0 0 rg BT 447.75 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 457.97 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.63 268.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 501.45 268.10 Td (based ) Tj ET Q q 0 0 0 rg BT 526.65 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 539.09 268.10 Td (PFL's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 96.19 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 107.41 256.10 Td (for ) Tj ET Q q 0 0 0 rg BT 121.96 256.10 Td (any ) Tj ET Q q 0 0 0 rg BT 139.29 256.10 Td (other ) Tj ET Q q 0 0 0 rg BT 162.72 256.10 Td (reason, ) Tj ET Q q 0 0 0 rg BT 194.21 256.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 211.07 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.96 256.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 260.72 256.10 Td (that ) Tj ET Q q 0 0 0 rg BT 278.61 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.72 256.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 331.04 256.10 Td (sentence ) Tj ET Q q 0 0 0 rg BT 368.36 256.10 Td (does ) Tj ET Q q 0 0 0 rg BT 389.58 256.10 Td (not ) Tj ET Q q 0 0 0 rg BT 405.25 256.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 430.35 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.02 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.35 256.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 473.18 256.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 490.04 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.93 256.10 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 538.57 256.10 Td (that ) Tj ET Q q 0 0 0 rg BT 556.46 256.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.72 244.10 Td (be ) Tj ET Q q 0 0 0 rg BT 79.33 244.10 Td (required ) Tj ET Q q 0 0 0 rg BT 114.81 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.76 244.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 166.90 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.29 244.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 213.45 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.06 244.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 261.08 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.58 244.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 291.52 244.10 Td (for ) Tj ET Q q 0 0 0 rg BT 305.35 244.10 Td (such ) Tj ET Q q 0 0 0 rg BT 325.85 244.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 347.45 244.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 384.06 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.00 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.39 244.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 429.99 244.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 473.25 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.19 244.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 527.57 244.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.72 232.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 121.38 232.10 Td (which ) Tj ET Q q 0 0 0 rg BT 148.32 232.10 Td (are ) Tj ET Q q 0 0 0 rg BT 163.03 232.10 Td (described ) Tj ET Q q 0 0 0 rg BT 203.84 232.10 Td (below) Tj ET Q q 0 0 0 rg BT 227.63 232.10 Td (, ) Tj ET Q q 0 0 0 rg BT 232.63 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.57 232.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 266.43 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.93 232.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 290.32 232.10 Td (so ) Tj ET Q q 0 0 0 rg BT 301.71 232.10 Td (notify ) Tj ET Q q 0 0 0 rg BT 328.10 232.10 Td (you.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 217.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 202.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 106.08 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 118.39 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.14 202.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 146.88 202.10 Td (will ) Tj ET Q q 0 0 0 rg BT 164.75 202.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 188.71 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.24 202.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 231.65 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.29 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.81 202.10 Td (Note's ) Tj ET Q q 0 0 0 rg BT 284.25 202.10 Td ("stated ) Tj ET Q q 0 0 0 rg BT 313.97 202.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 361.82 202.10 Td (price ) Tj ET Q q 0 0 0 rg BT 384.11 202.10 Td (at ) Tj ET Q q 0 0 0 rg BT 393.64 202.10 Td (maturity" ) Tj ET Q q 0 0 0 rg BT 433.91 202.10 Td (over ) Tj ET Q q 0 0 0 rg BT 453.99 202.10 Td (its ) Tj ET Q q 0 0 0 rg BT 465.74 202.10 Td ("issue ) Tj ET Q q 0 0 0 rg BT 492.13 202.10 Td (price." ) Tj ET Q q 0 0 0 rg BT 520.84 202.10 Td (The ) Tj ET Q q 0 0 0 rg BT 538.70 202.10 Td (stated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 97.18 190.10 Td (price ) Tj ET Q q 0 0 0 rg BT 118.80 190.10 Td (at ) Tj ET Q q 0 0 0 rg BT 127.66 190.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 163.18 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.15 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.22 190.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 200.30 190.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 235.26 190.10 Td (all ) Tj ET Q q 0 0 0 rg BT 246.90 190.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 286.86 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.83 190.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 334.01 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.09 190.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 375.05 190.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 406.12 190.10 Td (on ) Tj ET Q q 0 0 0 rg BT 417.76 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.61 190.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 452.69 190.10 Td (under ) Tj ET Q q 0 0 0 rg BT 477.10 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.95 190.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 527.02 190.10 Td (schedule ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 178.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 99.80 178.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.85 178.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 140.35 178.10 Td (price ) Tj ET Q q 0 0 0 rg BT 162.84 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.67 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.61 178.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 202.54 178.10 Td (will ) Tj ET Q q 0 0 0 rg BT 220.60 178.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 260.30 178.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 284.46 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.17 178.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 337.22 178.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 369.71 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.54 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.48 178.10 Td (Note.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 148.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.97 148.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 136.39 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.15 148.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 167.34 148.10 Td (includible ) Tj ET Q q 0 0 0 rg BT 209.76 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.96 148.10 Td (income ) Tj ET Q q 0 0 0 rg BT 251.82 148.10 Td (for ) Tj ET Q q 0 0 0 rg BT 265.90 148.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.77 148.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 304.06 148.10 Td (year ) Tj ET Q q 0 0 0 rg BT 323.69 148.10 Td (is ) Tj ET Q q 0 0 0 rg BT 332.79 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.43 148.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 366.52 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.28 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.92 148.10 Td ("daily ) Tj ET Q q 0 0 0 rg BT 418.42 148.10 Td (portions" ) Tj ET Q q 0 0 0 rg BT 457.70 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.46 148.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 488.66 148.10 Td (with ) Tj ET Q q 0 0 0 rg BT 508.86 148.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 539.60 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 148.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.65 136.10 Td (for ) Tj ET Q q 0 0 0 rg BT 85.53 136.10 Td (each ) Tj ET Q q 0 0 0 rg BT 106.06 136.10 Td (day ) Tj ET Q q 0 0 0 rg BT 122.72 136.10 Td (during ) Tj ET Q q 0 0 0 rg BT 151.04 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.47 136.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 196.56 136.10 Td (year ) Tj ET Q q 0 0 0 rg BT 215.98 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.98 136.10 Td (which ) Tj ET Q q 0 0 0 rg BT 252.63 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.06 136.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 294.83 136.10 Td (held ) Tj ET Q q 0 0 0 rg BT 314.26 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.69 136.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 352.69 136.10 Td (The ) Tj ET Q q 0 0 0 rg BT 370.45 136.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 392.66 136.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 423.76 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.31 136.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 454.30 136.10 Td (is ) Tj ET Q q 0 0 0 rg BT 463.18 136.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 510.38 136.10 Td (by ) Tj ET Q q 0 0 0 rg BT 522.60 136.10 Td (allocating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.76 124.10 Td (each ) Tj ET Q q 0 0 0 rg BT 80.06 124.10 Td (day ) Tj ET Q q 0 0 0 rg BT 96.49 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.80 124.10 Td (any ) Tj ET Q q 0 0 0 rg BT 123.23 124.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 154.07 124.10 Td (period ) Tj ET Q q 0 0 0 rg BT 181.60 124.10 Td (within ) Tj ET Q q 0 0 0 rg BT 209.15 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.57 124.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 246.43 124.10 Td (year ) Tj ET Q q 0 0 0 rg BT 265.62 124.10 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 272.04 124.10 Td (pr) Tj ET Q q 0 0 0 rg BT 280.56 124.10 Td (o ) Tj ET Q q 0 0 0 rg BT 287.55 124.10 Td (rata ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.20 124.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 337.07 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.39 124.10 Td (an ) Tj ET Q q 0 0 0 rg BT 358.81 124.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 390.79 124.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 414.43 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.19 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.40 124.10 Td (product ) Tj ET Q q 0 0 0 rg BT 470.93 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.24 124.10 Td (such ) Tj ET Q q 0 0 0 rg BT 501.56 124.10 Td (Note's ) Tj ET Q q 0 0 0 rg BT 528.67 124.10 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 72.91 112.10 Td (price ) Tj ET Q q 0 0 0 rg BT 95.80 112.10 Td (at ) Tj ET Q q 0 0 0 rg BT 105.92 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.04 112.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 163.94 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.18 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.30 112.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 222.07 112.10 Td (period ) Tj ET Q q 0 0 0 rg BT 250.52 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.86 112.10 Td (its ) Tj ET Q q 0 0 0 rg BT 280.21 112.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 303.12 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.80 112.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 350.59 112.10 Td (\(properly ) Tj ET Q q 0 0 0 rg BT 390.70 112.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 426.93 112.10 Td (for ) Tj ET Q q 0 0 0 rg BT 441.49 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.62 112.10 Td (length ) Tj ET Q q 0 0 0 rg BT 484.52 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.75 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.87 112.10 Td (period\). ) Tj ET Q q 0 0 0 rg BT 545.16 112.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.02 112.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 81.08 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.04 100.10 Td (use ) Tj ET Q q 0 0 0 rg BT 106.56 100.10 Td (30-day ) Tj ET Q q 0 0 0 rg BT 136.52 100.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 167.58 100.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 201.55 100.10 Td (The ) Tj ET Q q 0 0 0 rg BT 219.28 100.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 254.80 100.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 276.99 100.10 Td (price ) Tj ET Q q 0 0 0 rg BT 299.16 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.68 100.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.31 100.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 337.94 100.10 Td (at ) Tj ET Q q 0 0 0 rg BT 347.35 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.75 100.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 403.94 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.46 100.10 Td (any ) Tj ET Q q 0 0 0 rg BT 431.09 100.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 462.14 100.10 Td (period ) Tj ET Q q 0 0 0 rg BT 489.88 100.10 Td (should ) Tj ET Q q 0 0 0 rg BT 518.74 100.10 Td (be ) Tj ET Q q 0 0 0 rg BT 530.36 100.10 Td (its ) Tj ET Q q 0 0 0 rg BT 542.00 100.10 Td (issue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 74.90 88.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 115.07 88.10 Td (by ) Tj ET Q q 0 0 0 rg BT 127.49 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.12 88.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 183.40 88.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 215.81 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.56 88.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 246.75 88.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 291.38 88.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 324.88 88.10 Td (with ) Tj ET Q q 0 0 0 rg BT 345.07 88.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 375.80 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.00 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.63 88.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 424.99 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.84 88.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 483.67 88.10 Td (by ) Tj ET Q q 0 0 0 rg BT 496.09 88.10 Td (any ) Tj ET Q q 0 0 0 rg BT 512.94 88.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 553.68 88.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 88.85 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.59 76.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.32 76.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 184.84 76.10 Td (made ) Tj ET Q q 0 0 0 rg BT 209.80 76.10 Td (on ) Tj ET Q q 0 0 0 rg BT 223.11 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.63 76.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 263.14 76.10 Td (A) Tj ET Q q 0 0 0 rg BT 269.81 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.11 76.10 Td (Note's ) Tj ET Q q 0 0 0 rg BT 301.55 76.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 324.84 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.93 76.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 373.11 76.10 Td (should ) Tj ET Q q 0 0 0 rg BT 403.08 76.10 Td (be ) Tj ET Q q 0 0 0 rg BT 415.83 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.35 76.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 468.54 76.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 486.82 76.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 507.62 76.10 Td (when ) Tj ET Q q 0 0 0 rg BT 532.59 76.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.22 76.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 87.39 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.56 64.10 Td (present ) Tj ET Q q 0 0 0 rg BT 134.39 64.10 Td (value ) Tj ET Q q 0 0 0 rg BT 159.00 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.28 64.10 Td (all ) Tj ET Q q 0 0 0 rg BT 183.23 64.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 224.50 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.79 64.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 274.28 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.67 64.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 324.06 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.79 64.10 Td (be ) Tj ET Q q 0 0 0 rg BT 347.18 64.10 Td (made ) Tj ET Q q 0 0 0 rg BT 371.79 64.10 Td (on ) Tj ET Q q 0 0 0 rg BT 384.75 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.92 64.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 422.31 64.10 Td (under ) Tj ET Q q 0 0 0 rg BT 448.03 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.20 64.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 500.59 64.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 538.52 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.81 64.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 74.44 52.10 Td (produces ) Tj ET Q q 0 0 0 rg BT 113.04 52.10 Td (an ) Tj ET Q q 0 0 0 rg BT 124.98 52.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 157.47 52.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 181.63 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.90 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.62 52.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 229.12 52.10 Td (price ) Tj ET Q q 0 0 0 rg BT 251.61 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.44 52.10 Td (such ) Tj ET Q q 0 0 0 rg BT 283.27 52.10 Td (Note.) Tj ET Q endstream endobj 183 0 obj <> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 727.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.35 727.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.47 727.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 124.60 727.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.96 727.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 153.86 727.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.32 727.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 211.97 727.10 Td (with ) Tj ET Q q 0 0 0 rg BT 232.44 727.10 Td (its ) Tj ET Q q 0 0 0 rg BT 244.57 727.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 281.69 727.10 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 321.87 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.77 727.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 369.45 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.47 727.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 400.93 727.10 Td (includible ) Tj ET Q q 0 0 0 rg BT 443.61 727.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.07 727.10 Td (income ) Tj ET Q q 0 0 0 rg BT 486.19 727.10 Td (is ) Tj ET Q q 0 0 0 rg BT 495.55 727.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 542.10 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.57 727.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (based ) Tj ET Q q 0 0 0 rg BT 75.55 715.10 Td (on ) Tj ET Q q 0 0 0 rg BT 88.32 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.32 715.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 129.42 715.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 161.63 715.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 179.39 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.50 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.50 715.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 229.60 715.10 Td (As ) Tj ET Q q 0 0 0 rg BT 243.49 715.10 Td (a ) Tj ET Q q 0 0 0 rg BT 250.70 715.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 278.20 715.10 Td (you ) Tj ET Q q 0 0 0 rg BT 295.98 715.10 Td (will ) Tj ET Q q 0 0 0 rg BT 314.31 715.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 354.29 715.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.50 715.10 Td (required ) Tj ET Q q 0 0 0 rg BT 402.60 715.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.15 715.10 Td (include ) Tj ET Q q 0 0 0 rg BT 445.36 715.10 Td (an ) Tj ET Q q 0 0 0 rg BT 457.58 715.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 490.35 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.46 715.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 522.01 715.10 Td (in ) Tj ET Q q 0 0 0 rg BT 532.57 715.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 703.10 Td (is ) Tj ET Q q 0 0 0 rg BT 76.67 703.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 100.82 703.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.10 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.82 703.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 158.31 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.14 703.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 194.97 703.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 226.90 703.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 246.62 703.10 Td (on ) Tj ET Q q 0 0 0 rg BT 259.12 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.83 703.10 Td (Note.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 673.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 109.30 673.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 150.93 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.56 673.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 195.30 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.04 673.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 251.89 673.10 Td (under ) Tj ET Q q 0 0 0 rg BT 277.96 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.48 673.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 331.22 673.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 369.51 673.10 Td (on ) Tj ET Q q 0 0 0 rg BT 382.81 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.33 673.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 424.96 673.10 Td (will ) Tj ET Q q 0 0 0 rg BT 443.82 673.10 Td (not ) Tj ET Q q 0 0 0 rg BT 459.90 673.10 Td (be ) Tj ET Q q 0 0 0 rg BT 472.65 673.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 516.48 673.10 Td (included ) Tj ET Q q 0 0 0 rg BT 554.22 673.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 84.43 661.10 Td (but ) Tj ET Q q 0 0 0 rg BT 99.71 661.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 125.53 661.10 Td (will ) Tj ET Q q 0 0 0 rg BT 143.58 661.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.52 661.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 185.22 661.10 Td (first ) Tj ET Q q 0 0 0 rg BT 203.83 661.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.66 661.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 255.49 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.32 661.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 311.04 661.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 344.62 661.10 Td (but ) Tj ET Q q 0 0 0 rg BT 359.90 661.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 389.61 661.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 409.89 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.83 661.10 Td (then ) Tj ET Q q 0 0 0 rg BT 446.54 661.10 Td (as ) Tj ET Q q 0 0 0 rg BT 457.37 661.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 498.20 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.03 661.10 Td (principal.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (Sale, ) Tj ET Q q 0 0 0 rg BT 72.78 631.10 Td (Retir) Tj ET Q q 0 0 0 rg BT 94.80 631.10 Td (ement ) Tj ET Q q 0 0 0 rg BT 123.40 631.10 Td (or) Tj ET Q q 0 0 0 rg BT 132.66 631.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.16 631.10 Td (Other) Tj ET Q q 0 0 0 rg BT 160.53 631.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.85 631.10 Td (T) Tj ET Q q 0 0 0 rg BT 168.60 631.10 Td (axable ) Tj ET Q q 0 0 0 rg BT 198.88 631.10 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 249.17 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.00 631.10 Td (Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 601.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 111.06 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.11 601.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 146.99 601.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 190.91 601.10 Td (or ) Tj ET Q q 0 0 0 rg BT 202.08 601.10 Td (other ) Tj ET Q q 0 0 0 rg BT 225.46 601.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 257.16 601.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 303.90 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.06 601.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.33 601.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 347.11 601.10 Td (you ) Tj ET Q q 0 0 0 rg BT 364.94 601.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 404.98 601.10 Td (will ) Tj ET Q q 0 0 0 rg BT 423.37 601.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 465.06 601.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 485.12 601.10 Td (or ) Tj ET Q q 0 0 0 rg BT 496.28 601.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 514.68 601.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 539.17 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 601.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 589.10 Td (ference, ) Tj ET Q q 0 0 0 rg BT 95.38 589.10 Td (if ) Tj ET Q q 0 0 0 rg BT 104.03 589.10 Td (any) Tj ET Q q 0 0 0 rg BT 117.82 589.10 Td (, ) Tj ET Q q 0 0 0 rg BT 122.86 589.10 Td (between ) Tj ET Q q 0 0 0 rg BT 158.72 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.48 589.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 206.02 589.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 240.20 589.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 262.74 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.50 589.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 298.09 589.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 341.72 589.10 Td (or ) Tj ET Q q 0 0 0 rg BT 352.59 589.10 Td (other ) Tj ET Q q 0 0 0 rg BT 375.68 589.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 407.09 589.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 453.53 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.51 589.10 Td (your ) Tj ET Q q 0 0 0 rg BT 491.38 589.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 527.25 589.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 542.00 589.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.57 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.57 577.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 100.29 577.10 Td (In ) Tj ET Q q 0 0 0 rg BT 111.41 577.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 146.12 577.10 Td (your ) Tj ET Q q 0 0 0 rg BT 167.24 577.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 203.35 577.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.36 577.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 241.14 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.71 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.71 577.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 288.94 577.10 Td (will ) Tj ET Q q 0 0 0 rg BT 307.28 577.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 331.72 577.10 Td (your ) Tj ET Q q 0 0 0 rg BT 352.84 577.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 371.74 577.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.18 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.19 577.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 425.91 577.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 466.46 577.10 Td (by ) Tj ET Q q 0 0 0 rg BT 479.24 577.10 Td (any ) Tj ET Q q 0 0 0 rg BT 496.47 577.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 517.03 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.25 577.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 86.54 565.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 131.41 565.10 Td (included ) Tj ET Q q 0 0 0 rg BT 168.50 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.93 565.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 202.70 565.10 Td (income ) Tj ET Q q 0 0 0 rg BT 234.79 565.10 Td (by ) Tj ET Q q 0 0 0 rg BT 247.44 565.10 Td (you, ) Tj ET Q q 0 0 0 rg BT 267.59 565.10 Td (as ) Tj ET Q q 0 0 0 rg BT 278.58 565.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 319.56 565.10 Td (below) Tj ET Q q 0 0 0 rg BT 343.35 565.10 Td (, ) Tj ET Q q 0 0 0 rg BT 348.50 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.60 565.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 399.90 565.10 Td (by ) Tj ET Q q 0 0 0 rg BT 412.55 565.10 Td (any ) Tj ET Q q 0 0 0 rg BT 429.64 565.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 470.62 565.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 515.49 565.10 Td (received ) Tj ET Q q 0 0 0 rg BT 552.01 565.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (you ) Tj ET Q q 0 0 0 rg BT 67.50 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 77.78 553.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 108.59 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.42 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.14 553.10 Td (Note.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 523.10 Td (Except ) Tj ET Q q 0 0 0 rg BT 116.43 523.10 Td (as ) Tj ET Q q 0 0 0 rg BT 127.42 523.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 168.42 523.10 Td (below ) Tj ET Q q 0 0 0 rg BT 195.52 523.10 Td (with ) Tj ET Q q 0 0 0 rg BT 215.97 523.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 246.95 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.39 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.49 523.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 286.60 523.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 317.59 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.03 523.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 350.13 523.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 393.35 523.10 Td (market ) Tj ET Q q 0 0 0 rg BT 423.77 523.10 Td (discount, ) Tj ET Q q 0 0 0 rg BT 462.83 523.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 507.70 523.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 544.80 523.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 102.49 511.10 Td (or ) Tj ET Q q 0 0 0 rg BT 114.15 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.69 511.10 Td (special ) Tj ET Q q 0 0 0 rg BT 160.79 511.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 183.55 511.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 227.97 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.07 511.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 284.06 511.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 334.33 511.10 Td (your ) Tj ET Q q 0 0 0 rg BT 355.99 511.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 376.53 511.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.19 511.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 407.08 511.10 Td (on ) Tj ET Q q 0 0 0 rg BT 420.41 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.95 511.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 468.15 511.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 515.37 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.03 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.58 511.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 90.00 499.10 Td (will ) Tj ET Q q 0 0 0 rg BT 108.35 499.10 Td (be ) Tj ET Q q 0 0 0 rg BT 120.59 499.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 162.82 499.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 192.27 499.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 212.29 499.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.41 499.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 241.77 499.10 Td (if ) Tj ET Q q 0 0 0 rg BT 250.68 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.69 499.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 287.93 499.10 Td (has ) Tj ET Q q 0 0 0 rg BT 304.06 499.10 Td (been ) Tj ET Q q 0 0 0 rg BT 325.73 499.10 Td (held ) Tj ET Q q 0 0 0 rg BT 345.75 499.10 Td (for ) Tj ET Q q 0 0 0 rg BT 360.21 499.10 Td (more ) Tj ET Q q 0 0 0 rg BT 383.55 499.10 Td (than ) Tj ET Q q 0 0 0 rg BT 403.56 499.10 Td (one ) Tj ET Q q 0 0 0 rg BT 420.80 499.10 Td (year ) Tj ET Q q 0 0 0 rg BT 440.81 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.04 499.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 502.50 499.10 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 546.47 499.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (deductibility ) Tj ET Q q 0 0 0 rg BT 103.05 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.88 487.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 143.03 487.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 169.42 487.10 Td (is ) Tj ET Q q 0 0 0 rg BT 178.59 487.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 209.41 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.69 487.10 Td (limitations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 457.10 Td (epayments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 427.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.06 427.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 111.92 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.32 427.10 Td (prepays ) Tj ET Q q 0 0 0 rg BT 147.81 427.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.65 427.10 Td (note ) Tj ET Q q 0 0 0 rg BT 174.26 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.44 427.10 Td (full, ) Tj ET Q q 0 0 0 rg BT 203.22 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.84 427.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 239.67 427.10 Td (will ) Tj ET Q q 0 0 0 rg BT 257.63 427.10 Td (be ) Tj ET Q q 0 0 0 rg BT 269.46 427.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 299.06 427.10 Td (as ) Tj ET Q q 0 0 0 rg BT 309.79 427.10 Td (retired ) Tj ET Q q 0 0 0 rg BT 338.28 427.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 357.62 427.10 Td (as ) Tj ET Q q 0 0 0 rg BT 368.34 427.10 Td (described ) Tj ET Q q 0 0 0 rg BT 409.06 427.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 437.83 427.10 Td (you ) Tj ET Q q 0 0 0 rg BT 455.23 427.10 Td (will ) Tj ET Q q 0 0 0 rg BT 473.18 427.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 512.78 427.10 Td (have ) Tj ET Q q 0 0 0 rg BT 534.06 427.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 553.67 427.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 68.39 415.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 92.87 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.47 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.52 415.10 Td (dif) Tj ET Q q 0 0 0 rg BT 129.44 415.10 Td (ference, ) Tj ET Q q 0 0 0 rg BT 164.18 415.10 Td (if ) Tj ET Q q 0 0 0 rg BT 173.12 415.10 Td (any) Tj ET Q q 0 0 0 rg BT 186.91 415.10 Td (, ) Tj ET Q q 0 0 0 rg BT 192.23 415.10 Td (between ) Tj ET Q q 0 0 0 rg BT 228.38 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.42 415.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 276.24 415.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 310.71 415.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 333.53 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.58 415.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 392.49 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.76 415.10 Td (your ) Tj ET Q q 0 0 0 rg BT 430.91 415.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 467.06 415.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 482.11 415.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 504.93 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.54 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.58 415.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 555.34 415.10 Td (If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 403.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.55 403.10 Td (prepays ) Tj ET Q q 0 0 0 rg BT 103.33 403.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.46 403.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 132.58 403.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.05 403.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 163.78 403.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.91 403.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 202.48 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.50 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.40 403.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 250.53 403.10 Td (will ) Tj ET Q q 0 0 0 rg BT 268.77 403.10 Td (be ) Tj ET Q q 0 0 0 rg BT 280.90 403.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 310.79 403.10 Td (as ) Tj ET Q q 0 0 0 rg BT 321.80 403.10 Td (retired. ) Tj ET Q q 0 0 0 rg BT 353.08 403.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 391.86 403.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.05 403.10 Td (for ) Tj ET Q q 0 0 0 rg BT 411.39 403.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 449.63 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.65 403.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 511.66 403.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 523.78 403.10 Td (your ) Tj ET Q q 0 0 0 rg BT 544.80 403.10 Td (gain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.66 391.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 78.56 391.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 126.43 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.54 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.09 391.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 182.31 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.97 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.52 391.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 229.29 391.10 Td (retired ) Tj ET Q q 0 0 0 rg BT 257.72 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.49 391.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 289.04 391.10 Td (your ) Tj ET Q q 0 0 0 rg BT 309.70 391.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 329.81 391.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 364.90 391.10 Td (on ) Tj ET Q q 0 0 0 rg BT 377.23 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.78 391.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 423.00 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.66 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.21 391.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 469.98 391.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 512.86 391.10 Td (outstanding, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.56 379.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 100.23 379.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 122.58 379.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 147.41 379.10 Td (your ) Tj ET Q q 0 0 0 rg BT 168.08 379.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 203.75 379.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.32 379.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 243.16 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.94 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.51 379.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 307.94 379.10 Td (but ) Tj ET Q q 0 0 0 rg BT 323.06 379.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 352.62 379.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 372.74 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.42 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.98 379.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 422.26 379.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 469.59 379.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 521.92 379.10 Td (before ) Tj ET Q q 0 0 0 rg BT 549.80 379.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (prepayment, ) Tj ET Q q 0 0 0 rg BT 102.00 367.10 Td (will ) Tj ET Q q 0 0 0 rg BT 119.86 367.10 Td (be ) Tj ET Q q 0 0 0 rg BT 131.60 367.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 169.99 367.10 Td (between ) Tj ET Q q 0 0 0 rg BT 205.60 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.12 367.10 Td (two ) Tj ET Q q 0 0 0 rg BT 237.42 367.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 272.50 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.13 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.64 367.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 319.38 367.10 Td (based ) Tj ET Q q 0 0 0 rg BT 344.45 367.10 Td (on ) Tj ET Q q 0 0 0 rg BT 356.75 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.26 367.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 402.45 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.08 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.60 367.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 449.34 367.10 Td (that ) Tj ET Q q 0 0 0 rg BT 466.63 367.10 Td (is ) Tj ET Q q 0 0 0 rg BT 475.60 367.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 505.10 367.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.73 367.10 Td (retired. ) Tj ET Q q 0 0 0 rg BT 546.46 367.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 72.50 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.77 355.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 119.16 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.99 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 136.92 355.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 158.86 355.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.03 355.10 Td (not ) Tj ET Q q 0 0 0 rg BT 183.31 355.10 Td (af) Tj ET Q q 0 0 0 rg BT 190.90 355.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 217.82 355.10 Td (by ) Tj ET Q q 0 0 0 rg BT 230.32 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.26 355.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 265.30 355.10 Td (prepayment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 84.71 325.10 Td (Discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 295.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.15 295.10 Td (you ) Tj ET Q q 0 0 0 rg BT 112.64 295.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 155.67 295.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.59 295.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 184.52 295.10 Td (on ) Tj ET Q q 0 0 0 rg BT 197.01 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.72 295.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 233.46 295.10 Td (T) Tj ET Q q 0 0 0 rg BT 239.22 295.10 Td (rader ) Tj ET Q q 0 0 0 rg BT 262.25 295.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 299.17 295.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.32 295.10 Td (an ) Tj ET Q q 0 0 0 rg BT 325.25 295.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 357.73 295.10 Td (that ) Tj ET Q q 0 0 0 rg BT 375.22 295.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.37 295.10 Td (less ) Tj ET Q q 0 0 0 rg BT 401.86 295.10 Td (than ) Tj ET Q q 0 0 0 rg BT 421.57 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.28 295.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 472.09 295.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 494.58 295.10 Td (price ) Tj ET Q q 0 0 0 rg BT 517.05 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.87 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.58 295.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.98 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.97 283.10 Td (time ) Tj ET Q q 0 0 0 rg BT 95.51 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.60 283.10 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 147.40 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.39 283.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 195.15 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.25 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.23 283.10 Td (dif) Tj ET Q q 0 0 0 rg BT 232.16 283.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 264.34 283.10 Td (will ) Tj ET Q q 0 0 0 rg BT 282.66 283.10 Td (be ) Tj ET Q q 0 0 0 rg BT 294.86 283.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 324.83 283.10 Td (as ) Tj ET Q q 0 0 0 rg BT 335.93 283.10 Td ("market ) Tj ET Q q 0 0 0 rg BT 370.54 283.10 Td (discount" ) Tj ET Q q 0 0 0 rg BT 411.27 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.70 283.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 446.25 283.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 476.77 283.10 Td (income ) Tj ET Q q 0 0 0 rg BT 508.97 283.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 523.95 283.10 Td (purposes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 77.44 271.10 Td (that ) Tj ET Q q 0 0 0 rg BT 94.87 271.10 Td (dif) Tj ET Q q 0 0 0 rg BT 105.79 271.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 137.64 271.10 Td (is ) Tj ET Q q 0 0 0 rg BT 146.75 271.10 Td (less ) Tj ET Q q 0 0 0 rg BT 164.18 271.10 Td (than ) Tj ET Q q 0 0 0 rg BT 183.84 271.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.71 271.10 Td (specified ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 229.24 271.10 Td (de ) Tj ET Q q 0 0 0 rg BT 241.11 271.10 Td (minimis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.22 271.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 309.97 271.10 Td (The ) Tj ET Q q 0 0 0 rg BT 327.96 271.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 360.39 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.15 271.10 Td (any ) Tj ET Q q 0 0 0 rg BT 388.03 271.10 Td (market ) Tj ET Q q 0 0 0 rg BT 418.23 271.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 454.55 271.10 Td (will ) Tj ET Q q 0 0 0 rg BT 472.54 271.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 512.18 271.10 Td (be ) Tj ET Q q 0 0 0 rg BT 524.05 271.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 553.69 271.10 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (de ) Tj ET Q q 0 0 0 rg BT 62.12 259.10 Td (minimis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.47 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.59 259.10 Td (disregarded ) Tj ET Q q 0 0 0 rg BT 162.91 259.10 Td (if ) Tj ET Q q 0 0 0 rg BT 171.70 259.10 Td (it ) Tj ET Q q 0 0 0 rg BT 179.94 259.10 Td (is ) Tj ET Q q 0 0 0 rg BT 189.29 259.10 Td (less ) Tj ET Q q 0 0 0 rg BT 206.96 259.10 Td (than ) Tj ET Q q 0 0 0 rg BT 226.86 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.04 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.05 259.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 255.73 259.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 287.83 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.84 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.74 259.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 345.30 259.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 367.98 259.10 Td (price ) Tj ET Q q 0 0 0 rg BT 390.64 259.10 Td (\(calculated ) Tj ET Q q 0 0 0 rg BT 437.18 259.10 Td (as ) Tj ET Q q 0 0 0 rg BT 448.19 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.08 259.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 482.43 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.44 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.34 259.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 531.02 259.10 Td (price ) Tj ET Q q 0 0 0 rg BT 553.69 259.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.91 247.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 85.03 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.16 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.07 247.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 155.62 247.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 187.30 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.32 247.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 216.79 247.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 260.69 247.10 Td (includible ) Tj ET Q q 0 0 0 rg BT 302.37 247.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.84 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.75 247.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 348.55 247.10 Td (income ) Tj ET Q q 0 0 0 rg BT 379.67 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.69 247.10 Td (any ) Tj ET Q q 0 0 0 rg BT 405.82 247.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 433.06 247.10 Td (without ) Tj ET Q q 0 0 0 rg BT 465.30 247.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 492.53 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.00 247.10 Td (any ) Tj ET Q q 0 0 0 rg BT 518.13 247.10 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (premium\), ) Tj ET Q q 0 0 0 rg BT 94.67 235.10 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 138.52 235.10 Td (by ) Tj ET Q q 0 0 0 rg BT 151.26 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.21 235.10 Td (number ) Tj ET Q q 0 0 0 rg BT 199.50 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.57 235.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 249.95 235.10 Td (years ) Tj ET Q q 0 0 0 rg BT 273.79 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.31 235.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 317.54 235.10 Td (. ) Tj ET Q q 0 0 0 rg BT 322.78 235.10 Td (If ) Tj ET Q q 0 0 0 rg BT 332.18 235.10 Td (you ) Tj ET Q q 0 0 0 rg BT 349.92 235.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 370.43 235.10 Td (a ) Tj ET Q q 0 0 0 rg BT 377.61 235.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 399.79 235.10 Td (that ) Tj ET Q q 0 0 0 rg BT 417.52 235.10 Td (has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 433.59 235.10 Td (de ) Tj ET Q q 0 0 0 rg BT 445.76 235.10 Td (minimis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.17 235.10 Td (market ) Tj ET Q q 0 0 0 rg BT 510.67 235.10 Td (discount, ) Tj ET Q q 0 0 0 rg BT 549.80 235.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 71.94 223.10 Td (described ) Tj ET Q q 0 0 0 rg BT 112.75 223.10 Td (below ) Tj ET Q q 0 0 0 rg BT 139.69 223.10 Td (do ) Tj ET Q q 0 0 0 rg BT 152.19 223.10 Td (not ) Tj ET Q q 0 0 0 rg BT 167.47 223.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 192.19 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.47 223.10 Td (you.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 193.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 113.11 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.46 193.10 Td (market ) Tj ET Q q 0 0 0 rg BT 157.34 193.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 193.35 193.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 217.42 193.10 Td (you ) Tj ET Q q 0 0 0 rg BT 234.54 193.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 273.87 193.10 Td (will ) Tj ET Q q 0 0 0 rg BT 291.55 193.10 Td (be ) Tj ET Q q 0 0 0 rg BT 303.11 193.10 Td (required ) Tj ET Q q 0 0 0 rg BT 338.55 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.45 193.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 368.34 193.10 Td (any ) Tj ET Q q 0 0 0 rg BT 384.90 193.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 422.57 193.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 463.02 193.10 Td (received ) Tj ET Q q 0 0 0 rg BT 499.00 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.91 193.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 539.34 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 193.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 73.83 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.16 181.10 Td (any ) Tj ET Q q 0 0 0 rg BT 106.50 181.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 125.61 181.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 157.49 181.10 Td (from ) Tj ET Q q 0 0 0 rg BT 178.82 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.93 181.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 212.87 181.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 255.85 181.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.07 181.10 Td (other ) Tj ET Q q 0 0 0 rg BT 288.51 181.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 334.30 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.53 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.64 181.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 382.47 181.10 Td (as ) Tj ET Q q 0 0 0 rg BT 392.69 181.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 428.46 181.10 Td (income ) Tj ET Q q 0 0 0 rg BT 459.79 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.46 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.57 181.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 509.90 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.13 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.24 181.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 86.75 169.10 Td (that ) Tj ET Q q 0 0 0 rg BT 104.61 169.10 Td (has ) Tj ET Q q 0 0 0 rg BT 120.81 169.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 154.76 169.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.62 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.70 169.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 205.01 169.10 Td (but ) Tj ET Q q 0 0 0 rg BT 220.65 169.10 Td (that ) Tj ET Q q 0 0 0 rg BT 238.51 169.10 Td (has ) Tj ET Q q 0 0 0 rg BT 254.71 169.10 Td (not ) Tj ET Q q 0 0 0 rg BT 270.35 169.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 315.43 169.10 Td (been ) Tj ET Q q 0 0 0 rg BT 337.17 169.10 Td (included ) Tj ET Q q 0 0 0 rg BT 374.47 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.12 169.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 409.10 169.10 Td (income ) Tj ET Q q 0 0 0 rg BT 441.39 169.10 Td (by ) Tj ET Q q 0 0 0 rg BT 454.26 169.10 Td (you. ) Tj ET Q q 0 0 0 rg BT 474.63 169.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 497.49 169.10 Td (market ) Tj ET Q q 0 0 0 rg BT 528.12 169.10 Td (discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.45 157.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 97.42 157.10 Td (on ) Tj ET Q q 0 0 0 rg BT 110.32 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.43 157.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 147.76 157.10 Td (on ) Tj ET Q q 0 0 0 rg BT 160.65 157.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.98 157.10 Td (ratable ) Tj ET Q q 0 0 0 rg BT 198.07 157.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 220.97 157.10 Td (over ) Tj ET Q q 0 0 0 rg BT 241.63 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.73 157.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 300.17 157.10 Td (term ) Tj ET Q q 0 0 0 rg BT 321.39 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.61 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.72 157.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 370.05 157.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 397.94 157.10 Td (you ) Tj ET Q q 0 0 0 rg BT 415.83 157.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 437.60 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.27 157.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 477.24 157.10 Td (market ) Tj ET Q q 0 0 0 rg BT 507.90 157.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 544.68 157.10 Td (on ) Tj ET Q q 0 0 0 rg BT 557.57 157.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 85.68 145.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 108.02 145.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 132.87 145.10 Td (In ) Tj ET Q q 0 0 0 rg BT 143.55 145.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 181.18 145.10 Td (you ) Tj ET Q q 0 0 0 rg BT 198.53 145.10 Td (may ) Tj ET Q q 0 0 0 rg BT 218.10 145.10 Td (be ) Tj ET Q q 0 0 0 rg BT 229.89 145.10 Td (required ) Tj ET Q q 0 0 0 rg BT 265.55 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.68 145.10 Td (defer ) Tj ET Q q 0 0 0 rg BT 298.57 145.10 Td (until ) Tj ET Q q 0 0 0 rg BT 319.26 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.83 145.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 370.06 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.74 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.31 145.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 419.60 145.10 Td (or ) Tj ET Q q 0 0 0 rg BT 430.28 145.10 Td (its ) Tj ET Q q 0 0 0 rg BT 442.08 145.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 469.96 145.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 516.21 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.34 145.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.13 145.10 Td (taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 99.16 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.17 133.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 156.39 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.51 133.10 Td (all ) Tj ET Q q 0 0 0 rg BT 180.30 133.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.42 133.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.64 133.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 230.32 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.44 133.10 Td (any ) Tj ET Q q 0 0 0 rg BT 258.67 133.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 290.89 133.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 325.89 133.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 374.21 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.78 133.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 397.01 133.10 Td (any ) Tj ET Q q 0 0 0 rg BT 414.24 133.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 468.68 133.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 504.79 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.35 133.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 553.68 133.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 73.96 121.10 Td (such ) Tj ET Q q 0 0 0 rg BT 95.71 121.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 118.56 121.10 Td (or ) Tj ET Q q 0 0 0 rg BT 130.31 121.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 145.95 121.10 Td (any ) Tj ET Q q 0 0 0 rg BT 163.81 121.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 218.88 121.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 261.74 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.93 121.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 311.89 121.10 Td (or ) Tj ET Q q 0 0 0 rg BT 323.64 121.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 347.60 121.10 Td (such ) Tj ET Q q 0 0 0 rg BT 369.35 121.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 394.70 121.10 Td (If ) Tj ET Q q 0 0 0 rg BT 404.78 121.10 Td (you ) Tj ET Q q 0 0 0 rg BT 423.20 121.10 Td (dispose ) Tj ET Q q 0 0 0 rg BT 456.62 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.37 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 476.23 121.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 499.09 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.28 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.14 121.10 Td (nontaxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 95.87 109.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 121.74 109.10 Td (than ) Tj ET Q q 0 0 0 rg BT 140.95 109.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 170.15 109.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 208.23 109.10 Td (nonrecognition ) Tj ET Q q 0 0 0 rg BT 270.77 109.10 Td (transactions\), ) Tj ET Q q 0 0 0 rg BT 326.36 109.10 Td (you ) Tj ET Q q 0 0 0 rg BT 343.35 109.10 Td (will ) Tj ET Q q 0 0 0 rg BT 360.91 109.10 Td (be ) Tj ET Q q 0 0 0 rg BT 372.34 109.10 Td (required ) Tj ET Q q 0 0 0 rg BT 407.65 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.42 109.10 Td (include ) Tj ET Q q 0 0 0 rg BT 448.85 109.10 Td (any ) Tj ET Q q 0 0 0 rg BT 465.28 109.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 498.36 109.10 Td (market ) Tj ET Q q 0 0 0 rg BT 528.12 109.10 Td (discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 97.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 97.21 97.10 Td (income ) Tj ET Q q 0 0 0 rg BT 129.14 97.10 Td (as ) Tj ET Q q 0 0 0 rg BT 139.97 97.10 Td (if ) Tj ET Q q 0 0 0 rg BT 148.58 97.10 Td (you ) Tj ET Q q 0 0 0 rg BT 166.08 97.10 Td (had ) Tj ET Q q 0 0 0 rg BT 183.02 97.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 202.19 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.90 97.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 238.84 97.10 Td (at ) Tj ET Q q 0 0 0 rg BT 248.56 97.10 Td (its ) Tj ET Q q 0 0 0 rg BT 260.51 97.10 Td (then ) Tj ET Q q 0 0 0 rg BT 280.22 97.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 296.60 97.10 Td (market ) Tj ET Q q 0 0 0 rg BT 326.87 97.10 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 67.10 Td (Y) Tj ET Q q 0 0 0 rg BT 92.22 67.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 104.48 67.10 Td (may ) Tj ET Q q 0 0 0 rg BT 123.96 67.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 145.10 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.14 67.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 193.49 67.10 Td (include ) Tj ET Q q 0 0 0 rg BT 225.19 67.10 Td (market ) Tj ET Q q 0 0 0 rg BT 255.21 67.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 291.36 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.40 67.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 324.78 67.10 Td (income ) Tj ET Q q 0 0 0 rg BT 356.48 67.10 Td (as ) Tj ET Q q 0 0 0 rg BT 367.07 67.10 Td (it ) Tj ET Q q 0 0 0 rg BT 374.89 67.10 Td (accrues, ) Tj ET Q q 0 0 0 rg BT 409.62 67.10 Td (under ) Tj ET Q q 0 0 0 rg BT 434.65 67.10 Td (either ) Tj ET Q q 0 0 0 rg BT 459.68 67.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.38 67.10 Td (ratable ) Tj ET Q q 0 0 0 rg BT 495.85 67.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.44 67.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 542.03 67.10 Td (yield ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 85.72 55.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.72 55.10 Td (which ) Tj ET Q q 0 0 0 rg BT 124.38 55.10 Td (case ) Tj ET Q q 0 0 0 rg BT 144.82 55.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.26 55.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 182.92 55.10 Td (described ) Tj ET Q q 0 0 0 rg BT 224.46 55.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.46 55.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.90 55.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 273.56 55.10 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 316.76 55.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 358.30 55.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 425.37 55.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.92 55.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 478.47 55.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.14 55.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 516.58 55.10 Td (as ) Tj ET Q q 0 0 0 rg BT 528.13 55.10 Td (ordinary ) Tj ET Q endstream endobj 185 0 obj <> 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Tj ET Q q 0 0 0 rg BT 448.26 742.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 483.71 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.06 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 524.06 742.10 Td (currently) Tj ET Q q 0 0 0 rg BT 559.50 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (your ) Tj ET Q q 0 0 0 rg BT 70.33 730.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 105.65 730.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 127.65 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.43 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.87 730.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 165.31 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 182.86 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 194.30 730.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 234.06 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 246.05 730.10 Td (any ) Tj ET Q q 0 0 0 rg BT 262.49 730.10 Td (market ) Tj ET Q q 0 0 0 rg BT 292.26 730.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 328.14 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 345.14 730.10 Td (you ) Tj ET Q q 0 0 0 rg BT 362.14 730.10 Td (include ) Tj ET Q q 0 0 0 rg BT 393.57 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.35 730.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 436.84 730.10 Td (An ) Tj ET Q q 0 0 0 rg BT 451.06 730.10 Td (election ) Tj ET Q q 0 0 0 rg BT 484.71 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.49 730.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 532.58 730.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (market ) Tj ET Q q 0 0 0 rg BT 79.72 718.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 115.56 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.29 718.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 148.36 718.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 182.25 718.10 Td (once ) Tj ET Q q 0 0 0 rg BT 203.08 718.10 Td (made, ) Tj ET Q q 0 0 0 rg BT 229.19 718.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 259.47 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.20 718.10 Td (all ) Tj ET Q q 0 0 0 rg BT 281.15 718.10 Td (market ) Tj ET Q q 0 0 0 rg BT 310.87 718.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 346.71 718.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 393.11 718.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 429.49 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 441.44 718.10 Td (you ) Tj ET Q q 0 0 0 rg BT 458.40 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 470.35 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 480.64 718.10 Td (after ) Tj ET Q q 0 0 0 rg BT 500.91 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.08 718.10 Td (first ) Tj ET Q q 0 0 0 rg BT 533.14 718.10 Td (taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.11 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 78.78 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 105.12 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.24 706.10 Td (election ) Tj ET Q q 0 0 0 rg BT 152.79 706.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 183.01 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.35 706.10 Td (may ) Tj ET Q q 0 0 0 rg BT 218.47 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 233.14 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 244.48 706.10 Td (revoked ) Tj ET Q q 0 0 0 rg BT 278.59 706.10 Td (without ) Tj ET Q q 0 0 0 rg BT 311.04 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.16 706.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 357.61 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.84 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.95 706.10 Td (IRS. ) Tj ET Q q 0 0 0 rg BT 401.63 706.10 Td (Y) Tj ET Q q 0 0 0 rg BT 407.85 706.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 419.75 706.10 Td (should ) Tj ET Q q 0 0 0 rg BT 448.32 706.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 479.11 706.10 Td (your ) Tj ET Q q 0 0 0 rg BT 499.34 706.10 Td (own ) Tj ET Q q 0 0 0 rg BT 518.46 706.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 532.57 706.10 Td (advisor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (before ) Tj ET Q q 0 0 0 rg BT 78.04 694.10 Td (making ) Tj ET Q q 0 0 0 rg BT 110.53 694.10 Td (this ) Tj ET Q q 0 0 0 rg BT 127.48 694.10 Td (election.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 101.40 664.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 111.77 664.10 Td (emium) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.19 634.10 Td (you ) Tj ET Q q 0 0 0 rg BT 112.73 634.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 155.80 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.77 634.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 184.75 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 197.28 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.03 634.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 233.82 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 239.58 634.10 Td (rader ) Tj ET Q q 0 0 0 rg BT 262.65 634.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 299.62 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.81 634.10 Td (an ) Tj ET Q q 0 0 0 rg BT 325.78 634.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 358.31 634.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 388.60 634.10 Td (than ) Tj ET Q q 0 0 0 rg BT 408.35 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.10 634.10 Td (Note's ) Tj ET Q q 0 0 0 rg BT 450.77 634.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 486.63 634.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 509.16 634.10 Td (price ) Tj ET Q q 0 0 0 rg BT 531.68 634.10 Td (but ) Tj ET Q q 0 0 0 rg BT 546.99 634.10 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (than ) Tj ET Q q 0 0 0 rg BT 70.20 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.40 622.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 105.05 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.36 622.10 Td (all ) Tj ET Q q 0 0 0 rg BT 129.33 622.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 166.20 622.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 200.28 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.26 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.45 622.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 250.87 622.10 Td (after ) Tj ET Q q 0 0 0 rg BT 272.17 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.37 622.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 325.89 622.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 348.02 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.22 622.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 385.64 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 404.18 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 416.60 622.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 446.78 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 458.09 622.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 495.50 622.10 Td (at ) Tj ET Q q 0 0 0 rg BT 505.69 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 518.11 622.10 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (premium. ) Tj ET Q q 0 0 0 rg BT 90.50 610.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.29 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 112.63 610.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 133.97 610.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 170.29 610.10 Td (with ) Tj ET Q q 0 0 0 rg BT 189.97 610.10 Td (an ) Tj ET Q q 0 0 0 rg BT 201.31 610.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 247.09 610.10 Td (premium, ) Tj ET Q q 0 0 0 rg BT 287.59 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.71 610.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 333.60 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.83 610.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 363.51 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 380.40 610.10 Td (you ) Tj ET Q q 0 0 0 rg BT 397.30 610.10 Td (must ) Tj ET Q q 0 0 0 rg BT 418.65 610.10 Td (include ) Tj ET Q q 0 0 0 rg BT 449.98 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.66 610.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 482.67 610.10 Td (income ) Tj ET Q q 0 0 0 rg BT 514.00 610.10 Td (with ) Tj ET Q q 0 0 0 rg BT 533.68 610.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.96 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.36 598.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 95.98 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 109.82 598.10 Td (any ) Tj ET Q q 0 0 0 rg BT 126.45 598.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 157.50 598.10 Td (year ) Tj ET Q q 0 0 0 rg BT 176.89 598.10 Td (will ) Tj ET Q q 0 0 0 rg BT 194.63 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 206.25 598.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 240.08 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 252.26 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.66 598.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 297.73 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.24 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.64 598.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 368.71 598.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 406.99 598.10 Td (properly ) Tj ET Q q 0 0 0 rg BT 443.05 598.10 Td (allocable ) Tj ET Q q 0 0 0 rg BT 481.32 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.28 598.10 Td (such ) Tj ET Q q 0 0 0 rg BT 511.80 598.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 542.85 598.10 Td (year) Tj ET Q q 0 0 0 rg BT 559.51 598.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.49 568.10 Td (you ) Tj ET Q q 0 0 0 rg BT 113.32 568.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 151.68 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.95 568.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 181.22 568.10 Td (on ) Tj ET Q q 0 0 0 rg BT 194.05 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.09 568.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 231.15 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 236.91 568.10 Td (rader ) Tj ET Q q 0 0 0 rg BT 260.28 568.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 297.54 568.10 Td (for ) Tj ET Q q 0 0 0 rg BT 312.03 568.10 Td (an ) Tj ET Q q 0 0 0 rg BT 324.29 568.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 357.12 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.73 568.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 396.65 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.81 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.86 568.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 442.35 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.51 568.10 Td (all ) Tj ET Q q 0 0 0 rg BT 466.34 568.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 503.05 568.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 536.98 568.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 568.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.94 556.10 Td (after ) Tj ET Q q 0 0 0 rg BT 92.75 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.47 556.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 145.51 556.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 167.16 556.10 Td (you ) Tj ET Q q 0 0 0 rg BT 184.66 556.10 Td (will ) Tj ET Q q 0 0 0 rg BT 202.72 556.10 Td (not ) Tj ET Q q 0 0 0 rg BT 218.00 556.10 Td (be ) Tj ET Q q 0 0 0 rg BT 229.94 556.10 Td (required ) Tj ET Q q 0 0 0 rg BT 265.75 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.03 556.10 Td (include ) Tj ET Q q 0 0 0 rg BT 307.96 556.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 328.24 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.52 556.10 Td (income ) Tj ET Q q 0 0 0 rg BT 370.45 556.10 Td (with ) Tj ET Q q 0 0 0 rg BT 390.73 556.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 421.54 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.82 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.54 556.10 Td (Note.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Late ) Tj ET Q q 0 0 0 rg BT 71.94 526.10 Td (Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 496.10 Td (As ) Tj ET Q q 0 0 0 rg BT 99.15 496.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 139.52 496.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 167.93 496.10 Td (late ) Tj ET Q q 0 0 0 rg BT 184.40 496.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 202.54 496.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 240.67 496.10 Td (on ) Tj ET Q q 0 0 0 rg BT 252.70 496.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 293.06 496.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 319.54 496.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 378.78 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.60 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.85 496.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 428.22 496.10 Td (will ) Tj ET Q q 0 0 0 rg BT 445.82 496.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 485.06 496.10 Td (be ) Tj ET Q q 0 0 0 rg BT 496.53 496.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 515.79 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.60 496.10 Td (you. ) Tj ET Q q 0 0 0 rg BT 545.14 496.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.00 496.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 94.68 484.10 Td (that ) Tj ET Q q 0 0 0 rg BT 111.59 484.10 Td (any ) Tj ET Q q 0 0 0 rg BT 127.94 484.10 Td (late ) Tj ET Q q 0 0 0 rg BT 144.29 484.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 162.31 484.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 181.44 484.10 Td (will ) Tj ET Q q 0 0 0 rg BT 198.91 484.10 Td (be ) Tj ET Q q 0 0 0 rg BT 210.27 484.10 Td (insignificant ) Tj ET Q q 0 0 0 rg BT 262.18 484.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 294.07 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.77 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.90 484.10 Td (total ) Tj ET Q q 0 0 0 rg BT 337.59 484.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 375.04 484.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 406.95 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.20 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.33 484.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 473.79 484.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 514.03 484.10 Td (on ) Tj ET Q q 0 0 0 rg BT 525.95 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.08 484.10 Td (Note. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.36 472.10 Td (such ) Tj ET Q q 0 0 0 rg BT 80.73 472.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 102.47 472.10 Td (any ) Tj ET Q q 0 0 0 rg BT 118.94 472.10 Td (late ) Tj ET Q q 0 0 0 rg BT 135.41 472.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 153.54 472.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 172.79 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.60 472.10 Td (you ) Tj ET Q q 0 0 0 rg BT 199.64 472.10 Td (should ) Tj ET Q q 0 0 0 rg BT 228.34 472.10 Td (be ) Tj ET Q q 0 0 0 rg BT 239.81 472.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 270.72 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 281.08 472.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 316.99 472.10 Td (income ) Tj ET Q q 0 0 0 rg BT 348.46 472.10 Td (at ) Tj ET Q q 0 0 0 rg BT 357.71 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.96 472.10 Td (time ) Tj ET Q q 0 0 0 rg BT 391.77 472.10 Td (such ) Tj ET Q q 0 0 0 rg BT 412.13 472.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 430.26 472.10 Td (are ) Tj ET Q q 0 0 0 rg BT 444.50 472.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 463.75 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.12 472.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 507.24 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.05 472.10 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 460.10 Td (your ) Tj ET Q q 0 0 0 rg BT 91.11 460.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 121.92 460.10 Td (method ) Tj ET Q q 0 0 0 rg BT 154.42 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.25 460.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 211.62 460.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.78 460.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 246.06 460.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 276.32 460.10 Td (income ) Tj ET Q q 0 0 0 rg BT 308.25 460.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 322.97 460.10 Td (purposes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Nonpayment ) Tj ET Q q 0 0 0 rg BT 107.50 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.33 430.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 138.70 430.10 Td (ower) Tj ET Q q 0 0 0 rg BT 159.62 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.12 430.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 190.74 430.10 Td (Corr) Tj ET Q q 0 0 0 rg BT 211.66 430.10 Td (esponding ) Tj ET Q q 0 0 0 rg BT 257.51 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.34 430.10 Td (Note-Automatic ) Tj ET Q q 0 0 0 rg BT 339.16 430.10 Td (Extension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 400.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.56 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.00 400.10 Td (event ) Tj ET Q q 0 0 0 rg BT 137.88 400.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.10 400.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 172.96 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.18 400.10 Td (does ) Tj ET Q q 0 0 0 rg BT 197.74 400.10 Td (not ) Tj ET Q q 0 0 0 rg BT 213.74 400.10 Td (make ) Tj ET Q q 0 0 0 rg BT 238.62 400.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 281.83 400.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 323.38 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 336.61 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.27 400.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 366.94 400.10 Td (as ) Tj ET Q q 0 0 0 rg BT 378.49 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.15 400.10 Td (result ) Tj ET Q q 0 0 0 rg BT 411.60 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.15 400.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 475.81 400.10 Td (by ) Tj ET Q q 0 0 0 rg BT 489.03 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.70 400.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 536.57 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 400.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 91.13 388.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 114.50 388.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 174.52 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.11 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.14 388.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 224.89 388.10 Td (you ) Tj ET Q q 0 0 0 rg BT 242.71 388.10 Td (must ) Tj ET Q q 0 0 0 rg BT 264.97 388.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 302.22 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.81 388.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 341.71 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.96 388.10 Td (include ) Tj ET Q q 0 0 0 rg BT 391.21 388.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 411.79 388.10 Td (on ) Tj ET Q q 0 0 0 rg BT 424.61 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 431.86 388.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 454.11 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.70 388.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 496.39 388.10 Td (income ) Tj ET Q q 0 0 0 rg BT 528.64 388.10 Td (until ) Tj ET Q q 0 0 0 rg BT 549.79 388.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 75.10 376.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 110.75 376.10 Td (date ) Tj ET Q q 0 0 0 rg BT 129.17 376.10 Td (or) Tj ET Q q 0 0 0 rg BT 137.10 376.10 Td (, ) Tj ET Q q 0 0 0 rg BT 141.37 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.91 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.90 376.10 Td (case ) Tj ET Q q 0 0 0 rg BT 183.87 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.97 376.10 Td (an ) Tj ET Q q 0 0 0 rg BT 205.18 376.10 Td (automatic ) Tj ET Q q 0 0 0 rg BT 246.37 376.10 Td (extension, ) Tj ET Q q 0 0 0 rg BT 288.96 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.95 376.10 Td (final ) Tj ET Q q 0 0 0 rg BT 323.04 376.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 358.69 376.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 379.61 376.10 Td (except ) Tj ET Q q 0 0 0 rg BT 407.48 376.10 Td (as ) Tj ET Q q 0 0 0 rg BT 417.57 376.10 Td (described ) Tj ET Q q 0 0 0 rg BT 457.66 376.10 Td (below) Tj ET Q q 0 0 0 rg BT 481.45 376.10 Td (. ) Tj ET Q q 0 0 0 rg BT 485.71 376.10 Td (Solely ) Tj ET Q q 0 0 0 rg BT 513.04 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.46 376.10 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.56 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 364.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 95.00 364.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 119.17 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.61 364.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 155.27 364.10 Td (may ) Tj ET Q q 0 0 0 rg BT 174.72 364.10 Td (be ) Tj ET Q q 0 0 0 rg BT 186.38 364.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 215.81 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 226.37 364.10 Td (retired ) Tj ET Q q 0 0 0 rg BT 254.69 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.35 364.10 Td (reissued ) Tj ET Q q 0 0 0 rg BT 306.35 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 318.57 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.02 364.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 375.23 364.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 411.89 364.10 Td (date ) Tj ET Q q 0 0 0 rg BT 430.77 364.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.66 364.10 Td (an ) Tj ET Q q 0 0 0 rg BT 456.32 364.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 488.54 364.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 512.43 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.43 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.88 364.10 Td (Note's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 85.98 352.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 108.63 352.10 Td (price ) Tj ET Q q 0 0 0 rg BT 131.26 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 143.92 352.10 Td (that ) Tj ET Q q 0 0 0 rg BT 161.56 352.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 182.78 352.10 Td (As ) Tj ET Q q 0 0 0 rg BT 196.55 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.64 352.10 Td (result ) Tj ET Q q 0 0 0 rg BT 228.51 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.49 352.10 Td (such ) Tj ET Q q 0 0 0 rg BT 260.47 352.10 Td (reissuance, ) Tj ET Q q 0 0 0 rg BT 307.27 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.13 352.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 354.78 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.87 352.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 403.38 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.37 352.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 434.79 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 447.44 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.31 352.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 484.40 352.10 Td (may ) Tj ET Q q 0 0 0 rg BT 504.27 352.10 Td (change. ) Tj ET Q q 0 0 0 rg BT 537.15 352.10 Td (At ) Tj ET Q q 0 0 0 rg BT 549.80 352.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (time ) Tj ET Q q 0 0 0 rg BT 70.10 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.76 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.31 340.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 128.73 340.10 Td (reissuance, ) Tj ET Q q 0 0 0 rg BT 175.21 340.10 Td (due ) Tj ET Q q 0 0 0 rg BT 191.97 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.08 340.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 253.84 340.10 Td (by ) Tj ET Q q 0 0 0 rg BT 266.17 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.72 340.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 316.97 340.10 Td (, ) Tj ET Q q 0 0 0 rg BT 321.80 340.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 338.66 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.99 340.10 Td (may ) Tj ET Q q 0 0 0 rg BT 360.53 340.10 Td (not ) Tj ET Q q 0 0 0 rg BT 375.64 340.10 Td (be ) Tj ET Q q 0 0 0 rg BT 387.41 340.10 Td (able ) Tj ET Q q 0 0 0 rg BT 406.39 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.50 340.10 Td (conclude ) Tj ET Q q 0 0 0 rg BT 454.92 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 472.25 340.10 Td (it ) Tj ET Q q 0 0 0 rg BT 480.13 340.10 Td (is ) Tj ET Q q 0 0 0 rg BT 489.13 340.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 541.45 340.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 74.61 328.10 Td (than ) Tj ET Q q 0 0 0 rg BT 93.66 328.10 Td (not ) Tj ET Q q 0 0 0 rg BT 108.28 328.10 Td (that ) Tj ET Q q 0 0 0 rg BT 125.11 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.16 328.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 160.43 328.10 Td (will ) Tj ET Q q 0 0 0 rg BT 177.83 328.10 Td (be ) Tj ET Q q 0 0 0 rg BT 189.10 328.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 208.15 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.77 328.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 264.57 328.10 Td (with ) Tj ET Q q 0 0 0 rg BT 284.18 328.10 Td (one ) Tj ET Q q 0 0 0 rg BT 300.45 328.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 336.72 328.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 373.54 328.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 400.93 328.10 Td (that ) Tj ET Q q 0 0 0 rg BT 417.76 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.81 328.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 474.20 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.37 328.10 Td (future ) Tj ET Q q 0 0 0 rg BT 510.08 328.10 Td (nonpayment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (prepayment, ) Tj ET Q q 0 0 0 rg BT 102.32 316.10 Td (or ) Tj ET Q q 0 0 0 rg BT 113.27 316.10 Td (late ) Tj ET Q q 0 0 0 rg BT 130.32 316.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 167.38 316.10 Td (by ) Tj ET Q q 0 0 0 rg BT 180.00 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.83 316.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 234.10 316.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.72 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.56 316.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 281.40 316.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 341.22 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.62 316.10 Td (such ) Tj ET Q q 0 0 0 rg BT 372.57 316.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 394.63 316.10 Td (will ) Tj ET Q q 0 0 0 rg BT 412.81 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 424.86 316.10 Td (remote ) Tj ET Q q 0 0 0 rg BT 455.25 316.10 Td (or ) Tj ET Q q 0 0 0 rg BT 466.20 316.10 Td (incidental. ) Tj ET Q q 0 0 0 rg BT 510.17 316.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 559.50 316.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.52 304.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 86.26 304.10 Td (may ) Tj ET Q q 0 0 0 rg BT 105.78 304.10 Td (become ) Tj ET Q q 0 0 0 rg BT 139.17 304.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 169.80 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.88 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.40 304.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 238.92 304.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 275.65 304.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 295.17 304.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 340.25 304.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 361.99 304.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 392.06 304.10 Td (are ) Tj ET Q q 0 0 0 rg BT 406.57 304.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 447.20 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 457.28 304.10 Td (more ) Tj ET Q q 0 0 0 rg BT 480.13 304.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 504.64 304.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 534.71 304.10 Td (even ) Tj ET Q q 0 0 0 rg BT 555.89 304.10 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (not ) Tj ET Q q 0 0 0 rg BT 64.80 292.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 95.14 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.94 292.10 Td (these ) Tj ET Q q 0 0 0 rg BT 127.51 292.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 148.97 292.10 Td (at ) Tj ET Q q 0 0 0 rg BT 158.21 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.44 292.10 Td (time ) Tj ET Q q 0 0 0 rg BT 192.24 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.59 292.10 Td (original ) Tj ET Q q 0 0 0 rg BT 235.71 292.10 Td (issue. ) Tj ET Q q 0 0 0 rg BT 260.23 292.10 Td (In ) Tj ET Q q 0 0 0 rg BT 270.58 292.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 307.88 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.68 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.91 292.10 Td (event ) Tj ET Q q 0 0 0 rg BT 355.59 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 372.61 292.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.06 292.10 Td (Note's ) Tj ET Q q 0 0 0 rg BT 406.22 292.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 442.12 292.10 Td (date ) Tj ET Q q 0 0 0 rg BT 460.79 292.10 Td (is ) Tj ET Q q 0 0 0 rg BT 469.49 292.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 525.93 292.10 Td (extended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (because ) Tj ET Q q 0 0 0 rg BT 84.17 280.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 120.58 280.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 150.87 280.10 Td (due ) Tj ET Q q 0 0 0 rg BT 167.83 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.79 280.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 218.41 280.10 Td (on ) Tj ET Q q 0 0 0 rg BT 230.93 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.67 280.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 271.52 280.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 307.93 280.10 Td (date ) Tj ET Q q 0 0 0 rg BT 327.11 280.10 Td (by ) Tj ET Q q 0 0 0 rg BT 339.63 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.37 280.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 393.55 280.10 Td (on ) Tj ET Q q 0 0 0 rg BT 406.07 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.81 280.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 440.55 280.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 500.28 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.58 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.32 280.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 549.78 280.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.52 268.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 96.38 268.10 Td (will ) Tj ET Q q 0 0 0 rg BT 114.02 268.10 Td (be ) Tj ET Q q 0 0 0 rg BT 125.54 268.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 154.83 268.10 Td (as ) Tj ET Q q 0 0 0 rg BT 165.24 268.10 Td (reissued ) Tj ET Q q 0 0 0 rg BT 200.10 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.62 268.10 Td (become ) Tj ET Q q 0 0 0 rg BT 249.80 268.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 280.21 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.07 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.37 268.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 348.66 268.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 385.18 268.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 404.48 268.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 449.34 268.10 Td (rules. ) Tj ET Q q 0 0 0 rg BT 473.36 268.10 Td (If ) Tj ET Q q 0 0 0 rg BT 482.11 268.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 498.97 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.05 268.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 547.01 268.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.13 256.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 79.26 256.10 Td (is ) Tj ET Q q 0 0 0 rg BT 88.62 256.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 119.63 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.10 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.00 256.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 189.91 256.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 227.03 256.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 246.93 256.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 292.40 256.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 314.53 256.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.54 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 332.67 256.10 Td (result ) Tj ET Q q 0 0 0 rg BT 357.58 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.60 256.10 Td (such ) Tj ET Q q 0 0 0 rg BT 389.62 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.75 256.10 Td (reissuance, ) Tj ET Q q 0 0 0 rg BT 443.58 256.10 Td (it ) Tj ET Q q 0 0 0 rg BT 451.83 256.10 Td (will ) Tj ET Q q 0 0 0 rg BT 470.07 256.10 Td (notify ) Tj ET Q q 0 0 0 rg BT 496.65 256.10 Td (you ) Tj ET Q q 0 0 0 rg BT 514.34 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.47 256.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 244.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 104.42 244.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 141.35 244.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 178.84 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.78 244.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 244.92 244.10 Td (yield.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 214.10 Td (If ) Tj ET Q q 0 0 0 rg BT 94.47 214.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 135.72 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 147.53 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.78 214.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 175.04 214.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 211.83 214.10 Td (doubtful, ) Tj ET Q q 0 0 0 rg BT 250.04 214.10 Td (you ) Tj ET Q q 0 0 0 rg BT 266.85 214.10 Td (may ) Tj ET Q q 0 0 0 rg BT 285.88 214.10 Td (be ) Tj ET Q q 0 0 0 rg BT 297.13 214.10 Td (able ) Tj ET Q q 0 0 0 rg BT 315.60 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.19 214.10 Td (stop ) Tj ET Q q 0 0 0 rg BT 343.68 214.10 Td (accruing ) Tj ET Q q 0 0 0 rg BT 379.92 214.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 399.50 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 411.32 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.35 214.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 449.10 214.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 475.90 214.10 Td (current ) Tj ET Q q 0 0 0 rg BT 506.03 214.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 523.41 214.10 Td (guidance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (it ) Tj ET Q q 0 0 0 rg BT 58.16 202.10 Td (is ) Tj ET Q q 0 0 0 rg BT 67.44 202.10 Td (not ) Tj ET Q q 0 0 0 rg BT 82.82 202.10 Td (clear ) Tj ET Q q 0 0 0 rg BT 104.85 202.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 139.66 202.10 Td (you ) Tj ET Q q 0 0 0 rg BT 157.27 202.10 Td (may ) Tj ET Q q 0 0 0 rg BT 177.09 202.10 Td (stop ) Tj ET Q q 0 0 0 rg BT 196.36 202.10 Td (accruing ) Tj ET Q q 0 0 0 rg BT 233.39 202.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 253.77 202.10 Td (if ) Tj ET Q q 0 0 0 rg BT 262.48 202.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 305.07 202.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 346.00 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 358.61 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.65 202.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 387.70 202.10 Td (are ) Tj ET Q q 0 0 0 rg BT 402.51 202.10 Td (not ) Tj ET Q q 0 0 0 rg BT 417.89 202.10 Td (made. ) Tj ET Q q 0 0 0 rg BT 444.26 202.10 Td (Y) Tj ET Q q 0 0 0 rg BT 450.48 202.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 463.09 202.10 Td (should ) Tj ET Q q 0 0 0 rg BT 492.36 202.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 523.86 202.10 Td (your ) Tj ET Q q 0 0 0 rg BT 544.79 202.10 Td (own ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.72 190.10 Td (advisor ) Tj ET Q q 0 0 0 rg BT 96.66 190.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 137.47 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.19 190.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 183.55 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.49 190.10 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 239.65 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.48 190.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 270.76 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.04 190.10 Td (income ) Tj ET Q q 0 0 0 rg BT 312.97 190.10 Td (when ) Tj ET Q q 0 0 0 rg BT 337.13 190.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 379.06 190.10 Td (on ) Tj ET Q q 0 0 0 rg BT 391.56 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.50 190.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 420.43 190.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 457.92 190.10 Td (doubtful.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (Losses ) Tj ET Q q 0 0 0 rg BT 80.28 160.10 Td (as ) Tj ET Q q 0 0 0 rg BT 91.67 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.17 160.10 Td (Result ) Tj ET Q q 0 0 0 rg BT 128.90 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.55 160.10 Td (W) Tj ET Q q 0 0 0 rg BT 148.99 160.10 Td (orthlessness) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 130.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.82 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.53 130.10 Td (event ) Tj ET Q q 0 0 0 rg BT 135.67 130.10 Td (that ) Tj ET Q q 0 0 0 rg BT 153.15 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.08 130.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 182.01 130.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 219.48 130.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 249.75 130.10 Td (worthless, ) Tj ET Q q 0 0 0 rg BT 293.07 130.10 Td (if ) Tj ET Q q 0 0 0 rg BT 301.67 130.10 Td (you ) Tj ET Q q 0 0 0 rg BT 319.16 130.10 Td (are ) Tj ET Q q 0 0 0 rg BT 333.85 130.10 Td (an ) Tj ET Q q 0 0 0 rg BT 345.78 130.10 Td (individual, ) Tj ET Q q 0 0 0 rg BT 391.32 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.25 130.10 Td (you ) Tj ET Q q 0 0 0 rg BT 425.74 130.10 Td (did ) Tj ET Q q 0 0 0 rg BT 441.01 130.10 Td (not ) Tj ET Q q 0 0 0 rg BT 456.28 130.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 488.19 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.89 130.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 524.82 130.10 Td (as ) Tj ET Q q 0 0 0 rg BT 535.64 130.10 Td (part ) Tj ET Q q 0 0 0 rg BT 553.68 130.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (your ) Tj ET Q q 0 0 0 rg BT 70.73 118.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 93.12 118.10 Td (or ) Tj ET Q q 0 0 0 rg BT 103.85 118.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 142.64 118.10 Td (you ) Tj ET Q q 0 0 0 rg BT 160.04 118.10 Td (should ) Tj ET Q q 0 0 0 rg BT 189.11 118.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 228.71 118.10 Td (be ) Tj ET Q q 0 0 0 rg BT 240.55 118.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 272.94 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.12 118.10 Td (deduct ) Tj ET Q q 0 0 0 rg BT 312.17 118.10 Td (your ) Tj ET Q q 0 0 0 rg BT 332.90 118.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 350.86 118.10 Td (on ) Tj ET Q q 0 0 0 rg BT 363.26 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.88 118.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 399.72 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 410.45 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.29 118.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 461.34 118.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 490.39 118.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 508.35 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.53 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.15 118.10 Td (taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.92 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.85 106.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 107.01 106.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 144.71 106.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 175.20 106.10 Td (worthless. ) Tj ET Q q 0 0 0 rg BT 218.55 106.10 Td (The ) Tj ET Q q 0 0 0 rg BT 236.81 106.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 268.41 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.46 106.10 Td (your ) Tj ET Q q 0 0 0 rg BT 300.50 106.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 318.78 106.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 367.03 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.52 106.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 411.32 106.10 Td (but ) Tj ET Q q 0 0 0 rg BT 426.82 106.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 456.75 106.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 477.24 106.10 Td (may ) Tj ET Q q 0 0 0 rg BT 497.17 106.10 Td (be ) Tj ET Q q 0 0 0 rg BT 509.32 106.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 553.69 106.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.66 94.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 97.75 94.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 118.03 94.10 Td (although ) Tj ET Q q 0 0 0 rg BT 155.25 94.10 Td (such ) Tj ET Q q 0 0 0 rg BT 175.80 94.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 215.78 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 224.67 94.10 Td (not ) Tj ET Q q 0 0 0 rg BT 239.66 94.10 Td (entirely ) Tj ET Q q 0 0 0 rg BT 272.42 94.10 Td (free ) Tj ET Q q 0 0 0 rg BT 290.18 94.10 Td (from ) Tj ET Q q 0 0 0 rg BT 311.84 94.10 Td (doubt. ) Tj ET Q q 0 0 0 rg BT 339.34 94.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 366.55 94.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 398.76 94.10 Td (166 ) Tj ET Q q 0 0 0 rg BT 415.98 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.53 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.96 94.10 Td (Code, ) Tj ET Q q 0 0 0 rg BT 466.79 94.10 Td (if ) Tj ET Q q 0 0 0 rg BT 475.12 94.10 Td (you ) Tj ET Q q 0 0 0 rg BT 492.34 94.10 Td (are ) Tj ET Q q 0 0 0 rg BT 506.77 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.42 94.10 Td (corporation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.86 82.10 Td (if ) Tj ET Q q 0 0 0 rg BT 69.50 82.10 Td (you ) Tj ET Q q 0 0 0 rg BT 87.03 82.10 Td (are ) Tj ET Q q 0 0 0 rg BT 101.77 82.10 Td (an ) Tj ET Q q 0 0 0 rg BT 113.74 82.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 156.83 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.80 82.10 Td (you ) Tj ET Q q 0 0 0 rg BT 191.33 82.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 228.28 82.10 Td (your ) Tj ET Q q 0 0 0 rg BT 249.15 82.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 275.01 82.10 Td (as ) Tj ET Q q 0 0 0 rg BT 285.87 82.10 Td (part ) Tj ET Q q 0 0 0 rg BT 303.95 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.81 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 321.78 82.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 344.30 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 355.16 82.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 394.08 82.10 Td (you ) Tj ET Q q 0 0 0 rg BT 411.61 82.10 Td (should ) Tj ET Q q 0 0 0 rg BT 440.82 82.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 480.55 82.10 Td (be ) Tj ET Q q 0 0 0 rg BT 492.52 82.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 525.04 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.35 82.10 Td (deduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (any ) Tj ET Q q 0 0 0 rg BT 67.03 70.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 85.18 70.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 124.98 70.10 Td (during ) Tj ET Q q 0 0 0 rg BT 153.68 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.48 70.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 199.94 70.10 Td (year ) Tj ET Q q 0 0 0 rg BT 219.74 70.10 Td (on ) Tj ET Q q 0 0 0 rg BT 232.32 70.10 Td (account ) Tj ET Q q 0 0 0 rg BT 266.01 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.92 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 283.95 70.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 305.98 70.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 348.00 70.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 378.36 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.28 70.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 425.19 70.10 Td (worthless ) Tj ET Q q 0 0 0 rg BT 466.11 70.10 Td (as ) Tj ET Q q 0 0 0 rg BT 477.03 70.10 Td (an ) Tj ET Q q 0 0 0 rg BT 489.05 70.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 525.52 70.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 545.78 70.10 Td (Y) Tj ET Q q 0 0 0 rg BT 552.00 70.10 Td (ou ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (should ) Tj ET Q q 0 0 0 rg BT 79.33 58.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 110.87 58.10 Td (your ) Tj ET Q q 0 0 0 rg BT 131.86 58.10 Td (own ) Tj ET Q q 0 0 0 rg BT 151.73 58.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 166.61 58.10 Td (advisor ) Tj ET Q q 0 0 0 rg BT 198.70 58.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 239.67 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.55 58.10 Td (character ) Tj ET Q q 0 0 0 rg BT 293.83 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.93 58.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 339.70 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.68 58.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 377.23 58.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 425.42 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.86 58.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 461.85 58.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.50 58.10 Td (become ) Tj ET Q q 0 0 0 rg BT 513.25 58.10 Td (worthless ) Tj ET Q q 0 0 0 rg BT 554.23 58.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 76.94 46.10 Td (or ) Tj ET Q q 0 0 0 rg BT 87.77 46.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.05 46.10 Td (part.) Tj ET Q endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (Potential ) Tj ET Q q 0 0 0 rg BT 90.83 727.10 Td (Characterization ) Tj ET Q q 0 0 0 rg BT 166.08 727.10 Td (as ) Tj ET Q q 0 0 0 rg BT 177.47 727.10 Td (Contingent ) Tj ET Q q 0 0 0 rg BT 227.75 727.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 268.02 727.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 291.07 727.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 697.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 697.10 Td (o ) Tj ET Q q 0 0 0 rg BT 99.14 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.09 697.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 141.26 697.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 158.12 697.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.85 697.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 207.46 697.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.19 697.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.36 697.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 254.53 697.10 Td (is ) Tj ET Q q 0 0 0 rg BT 263.94 697.10 Td (not ) Tj ET Q q 0 0 0 rg BT 279.45 697.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 310.51 697.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.02 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.97 697.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 380.91 697.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 418.08 697.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 438.03 697.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 483.54 697.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 508.21 697.10 Td (its ) Tj ET Q q 0 0 0 rg BT 520.39 697.10 Td (position ) Tj ET Q q 0 0 0 rg BT 555.35 697.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.19 685.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 98.16 685.10 Td (on ) Tj ET Q q 0 0 0 rg BT 110.57 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.20 685.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 143.17 685.10 Td (or ) Tj ET Q q 0 0 0 rg BT 153.91 685.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.76 685.10 Td (court ) Tj ET Q q 0 0 0 rg BT 183.72 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.46 685.10 Td (competent ) Tj ET Q q 0 0 0 rg BT 238.52 685.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 286.48 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.33 685.10 Td (it ) Tj ET Q q 0 0 0 rg BT 311.30 685.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 340.37 685.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 370.54 685.10 Td (what ) Tj ET Q q 0 0 0 rg BT 392.39 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.02 685.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 424.99 685.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.73 685.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.58 685.10 Td (court ) Tj ET Q q 0 0 0 rg BT 465.54 685.10 Td (would ) Tj ET Q q 0 0 0 rg BT 492.95 685.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 535.91 685.10 Td (decide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.51 673.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 101.56 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.07 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.02 673.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 155.85 673.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 176.37 673.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 206.86 673.10 Td (income ) Tj ET Q q 0 0 0 rg BT 239.03 673.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 253.98 673.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 294.47 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.53 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.48 673.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 344.55 673.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 393.89 673.10 Td (, ) Tj ET Q q 0 0 0 rg BT 399.12 673.10 Td (there ) Tj ET Q q 0 0 0 rg BT 421.84 673.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 447.35 673.10 Td (a ) Tj ET Q q 0 0 0 rg BT 454.52 673.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 472.25 673.10 Td (that ) Tj ET Q q 0 0 0 rg BT 489.98 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.93 673.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 523.23 673.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.29 673.10 Td (a ) Tj ET Q q 0 0 0 rg BT 541.46 673.10 Td (court ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (could ) Tj ET Q q 0 0 0 rg BT 73.74 661.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 115.24 661.10 Td (that ) Tj ET Q q 0 0 0 rg BT 131.75 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.49 661.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 170.34 661.10 Td (are ) Tj ET Q q 0 0 0 rg BT 184.07 661.10 Td ("contingent ) Tj ET Q q 0 0 0 rg BT 231.88 661.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 267.83 661.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 286.57 661.10 Td (instruments" ) Tj ET Q q 0 0 0 rg BT 338.84 661.10 Td (because ) Tj ET Q q 0 0 0 rg BT 372.00 661.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 411.85 661.10 Td (on ) Tj ET Q q 0 0 0 rg BT 423.37 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.11 661.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 461.96 661.10 Td (are ) Tj ET Q q 0 0 0 rg BT 475.68 661.10 Td (linked ) Tj ET Q q 0 0 0 rg BT 502.20 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.50 661.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 649.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 136.92 649.10 Td (loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 619.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 619.10 Td (o ) Tj ET Q q 0 0 0 rg BT 98.45 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.70 619.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 139.17 619.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.65 619.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 167.13 619.10 Td (is ) Tj ET Q q 0 0 0 rg BT 175.83 619.10 Td (characterized ) Tj ET Q q 0 0 0 rg BT 231.16 619.10 Td (as ) Tj ET Q q 0 0 0 rg BT 241.52 619.10 Td (a ) Tj ET Q q 0 0 0 rg BT 248.00 619.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 292.25 619.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 328.72 619.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 347.98 619.10 Td (instrument, ) Tj ET Q q 0 0 0 rg BT 395.29 619.10 Td (or ) Tj ET Q q 0 0 0 rg BT 405.65 619.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.47 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.72 619.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 458.14 619.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 475.00 619.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.04 619.10 Td (concludes ) Tj ET Q q 0 0 0 rg BT 519.06 619.10 Td (that ) Tj ET Q q 0 0 0 rg BT 536.09 619.10 Td (a ) Tj ET Q q 0 0 0 rg BT 542.57 619.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.72 607.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 91.10 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.93 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.19 607.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 162.46 607.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 199.94 607.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 220.21 607.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 266.03 607.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 291.02 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.29 607.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 328.78 607.10 Td (would ) Tj ET Q q 0 0 0 rg BT 356.83 607.10 Td (be ) Tj ET Q q 0 0 0 rg BT 369.32 607.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 400.69 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.52 607.10 Td (special ) Tj ET Q q 0 0 0 rg BT 442.34 607.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 464.83 607.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 508.97 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.80 607.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 87.89 595.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 108.55 595.10 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 161.17 595.10 Td (If ) Tj ET Q q 0 0 0 rg BT 171.28 595.10 Td (these ) Tj ET Q q 0 0 0 rg BT 195.28 595.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 218.17 595.10 Td (were ) Tj ET Q q 0 0 0 rg BT 241.05 595.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.29 595.10 Td (apply) Tj ET Q q 0 0 0 rg BT 273.85 595.10 Td (, ) Tj ET Q q 0 0 0 rg BT 279.80 595.10 Td (you ) Tj ET Q q 0 0 0 rg BT 298.26 595.10 Td (would ) Tj ET Q q 0 0 0 rg BT 326.71 595.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 367.36 595.10 Td (be ) Tj ET Q q 0 0 0 rg BT 380.25 595.10 Td (required ) Tj ET Q q 0 0 0 rg BT 417.02 595.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.25 595.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 457.79 595.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 490.67 595.10 Td (income ) Tj ET Q q 0 0 0 rg BT 523.56 595.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.78 595.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (noncontingent ) Tj ET Q q 0 0 0 rg BT 109.60 583.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 132.00 583.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 166.88 583.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 194.27 583.10 Td (this ) Tj ET Q q 0 0 0 rg BT 211.11 583.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 246.00 583.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 277.82 583.10 Td (would ) Tj ET Q q 0 0 0 rg BT 305.21 583.10 Td (be ) Tj ET Q q 0 0 0 rg BT 317.05 583.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 341.09 583.10 Td (into ) Tj ET Q q 0 0 0 rg BT 359.04 583.10 Td (account ) Tj ET Q q 0 0 0 rg BT 392.53 583.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 427.13 583.10 Td (or ) Tj ET Q q 0 0 0 rg BT 437.85 583.10 Td (not ) Tj ET Q q 0 0 0 rg BT 453.02 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.63 583.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 500.02 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.74 583.10 Td (any ) Tj ET Q q 0 0 0 rg BT 527.57 583.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.51 571.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 80.90 571.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.08 571.10 Td (determinable ) Tj ET Q q 0 0 0 rg BT 145.12 571.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.74 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.80 571.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 199.51 571.10 Td (year) Tj ET Q q 0 0 0 rg BT 216.17 571.10 Td (. ) Tj ET Q q 0 0 0 rg BT 220.38 571.10 Td (The ) Tj ET Q q 0 0 0 rg BT 237.77 571.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 269.61 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.78 571.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 311.06 571.10 Td (that ) Tj ET Q q 0 0 0 rg BT 327.90 571.10 Td (would ) Tj ET Q q 0 0 0 rg BT 354.74 571.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.02 571.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 389.52 571.10 Td (into ) Tj ET Q q 0 0 0 rg BT 406.92 571.10 Td (account ) Tj ET Q q 0 0 0 rg BT 439.86 571.10 Td (would ) Tj ET Q q 0 0 0 rg BT 466.70 571.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 505.75 571.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.03 571.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.36 559.10 Td (constructing ) Tj ET Q q 0 0 0 rg BT 114.15 559.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.94 559.10 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 172.72 559.10 Td (noncontingent ) Tj ET Q q 0 0 0 rg BT 232.29 559.10 Td (bond, ) Tj ET Q q 0 0 0 rg BT 257.15 559.10 Td (which ) Tj ET Q q 0 0 0 rg BT 283.94 559.10 Td (is ) Tj ET Q q 0 0 0 rg BT 292.97 559.10 Td (based ) Tj ET Q q 0 0 0 rg BT 318.09 559.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.45 559.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.24 559.10 Td ("comparable ) Tj ET Q q 0 0 0 rg BT 390.32 559.10 Td (yield" ) Tj ET Q q 0 0 0 rg BT 416.76 559.10 Td (\(generally) Tj ET Q q 0 0 0 rg BT 456.64 559.10 Td (, ) Tj ET Q q 0 0 0 rg BT 461.49 559.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.29 559.10 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 520.07 559.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 542.42 559.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.56 559.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 82.25 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.84 547.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 135.64 547.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 167.89 547.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 203.45 547.10 Td (with ) Tj ET Q q 0 0 0 rg BT 224.05 547.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 255.18 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.77 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.80 547.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 305.56 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.81 547.10 Td (which ) Tj ET Q q 0 0 0 rg BT 350.06 547.10 Td (can ) Tj ET Q q 0 0 0 rg BT 366.76 547.10 Td (be ) Tj ET Q q 0 0 0 rg BT 379.01 547.10 Td (no ) Tj ET Q q 0 0 0 rg BT 391.82 547.10 Td (less ) Tj ET Q q 0 0 0 rg BT 409.64 547.10 Td (than ) Tj ET Q q 0 0 0 rg BT 429.67 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.70 547.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 488.61 547.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 519.17 547.10 Td (rate\) ) Tj ET Q q 0 0 0 rg BT 540.31 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 557.56 547.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td ("projected ) Tj ET Q q 0 0 0 rg BT 93.73 535.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 130.62 535.10 Td (schedule" ) Tj ET Q q 0 0 0 rg BT 172.14 535.10 Td (\(generally) Tj ET Q q 0 0 0 rg BT 212.02 535.10 Td (, ) Tj ET Q q 0 0 0 rg BT 216.97 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 223.86 535.10 Td (series ) Tj ET Q q 0 0 0 rg BT 249.08 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.86 535.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 299.51 535.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 342.78 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.45 535.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 389.90 535.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.79 535.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 435.35 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.13 535.10 Td (which ) Tj ET Q q 0 0 0 rg BT 473.02 535.10 Td (would ) Tj ET Q q 0 0 0 rg BT 500.47 535.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 535.13 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 542.01 535.10 Td (yield ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.17 523.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 96.43 523.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.82 523.10 Td (that ) Tj ET Q q 0 0 0 rg BT 126.20 523.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 148.03 523.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 172.07 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.23 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.84 523.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 245.87 523.10 Td (yield\). ) Tj ET Q q 0 0 0 rg BT 274.08 523.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 300.90 523.10 Td (on ) Tj ET Q q 0 0 0 rg BT 313.29 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.89 523.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 376.92 523.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 399.30 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.13 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.73 523.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 470.32 523.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 507.14 523.10 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 547.01 523.10 Td (you ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.91 511.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 107.47 511.10 Td (be ) Tj ET Q q 0 0 0 rg BT 119.26 511.10 Td (required ) Tj ET Q q 0 0 0 rg BT 154.93 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.07 511.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 193.50 511.10 Td (as ) Tj ET Q q 0 0 0 rg BT 204.19 511.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 224.32 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.89 511.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 257.92 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.60 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.17 511.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 305.52 511.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 340.66 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.34 511.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 383.13 511.10 Td (for ) Tj ET Q q 0 0 0 rg BT 397.14 511.10 Td (each ) Tj ET Q q 0 0 0 rg BT 417.81 511.10 Td (day ) Tj ET Q q 0 0 0 rg BT 434.61 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.74 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.31 511.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 490.54 511.10 Td (year ) Tj ET Q q 0 0 0 rg BT 510.10 511.10 Td (that ) Tj ET Q q 0 0 0 rg BT 527.45 511.10 Td (you ) Tj ET Q q 0 0 0 rg BT 544.81 511.10 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.08 499.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 89.88 499.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 126.06 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.70 499.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 165.09 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.17 499.10 Td (dif) Tj ET Q q 0 0 0 rg BT 191.10 499.10 Td (ference, ) Tj ET Q q 0 0 0 rg BT 225.87 499.10 Td (if ) Tj ET Q q 0 0 0 rg BT 234.84 499.10 Td (any) Tj ET Q q 0 0 0 rg BT 248.63 499.10 Td (, ) Tj ET Q q 0 0 0 rg BT 253.99 499.10 Td (between ) Tj ET Q q 0 0 0 rg BT 290.17 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.24 499.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 331.98 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.27 499.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 389.34 499.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 422.19 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.38 499.10 Td (any ) Tj ET Q q 0 0 0 rg BT 450.68 499.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 495.75 499.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 536.94 499.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 499.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 74.56 487.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.93 487.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 115.75 487.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 151.36 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.52 487.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 194.77 487.10 Td (are ) Tj ET Q q 0 0 0 rg BT 209.81 487.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 257.61 487.10 Td (by ) Tj ET Q q 0 0 0 rg BT 270.44 487.10 Td (allocating ) Tj ET Q q 0 0 0 rg BT 312.70 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.30 487.10 Td (each ) Tj ET Q q 0 0 0 rg BT 344.44 487.10 Td (day ) Tj ET Q q 0 0 0 rg BT 361.71 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.31 487.10 Td (an ) Tj ET Q q 0 0 0 rg BT 384.58 487.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 416.26 487.10 Td (period ) Tj ET Q q 0 0 0 rg BT 444.64 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.68 487.10 Td (ratable ) Tj ET Q q 0 0 0 rg BT 489.71 487.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 521.42 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.58 487.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.62 475.10 Td (accrues ) Tj ET Q q 0 0 0 rg BT 100.21 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.61 475.10 Td (such ) Tj ET Q q 0 0 0 rg BT 131.56 475.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 163.05 475.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 193.53 475.10 Td (The ) Tj ET Q q 0 0 0 rg BT 211.69 475.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 244.31 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.26 475.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 287.32 475.10 Td (you ) Tj ET Q q 0 0 0 rg BT 304.94 475.10 Td (may ) Tj ET Q q 0 0 0 rg BT 324.77 475.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 353.48 475.10 Td (under ) Tj ET Q q 0 0 0 rg BT 378.87 475.10 Td (this ) Tj ET Q q 0 0 0 rg BT 395.94 475.10 Td (method ) Tj ET Q q 0 0 0 rg BT 428.55 475.10 Td (could ) Tj ET Q q 0 0 0 rg BT 453.39 475.10 Td (be ) Tj ET Q q 0 0 0 rg BT 465.45 475.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 493.62 475.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.57 475.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 529.96 475.10 Td (than ) Tj ET Q q 0 0 0 rg BT 549.80 475.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 75.93 463.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 107.97 463.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 125.56 463.10 Td (on ) Tj ET Q q 0 0 0 rg BT 138.16 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.99 463.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 177.53 463.10 Td (In ) Tj ET Q q 0 0 0 rg BT 188.46 463.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 226.34 463.10 Td (any ) Tj ET Q q 0 0 0 rg BT 243.39 463.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 263.21 463.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 309.68 463.10 Td (on ) Tj ET Q q 0 0 0 rg BT 322.28 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.10 463.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 357.75 463.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 398.11 463.10 Td (or ) Tj ET Q q 0 0 0 rg BT 409.05 463.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 452.74 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.68 463.10 Td (your ) Tj ET Q q 0 0 0 rg BT 484.61 463.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 506.66 463.10 Td (will ) Tj ET Q q 0 0 0 rg BT 524.82 463.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.73 451.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 91.22 451.10 Td (as ) Tj ET Q q 0 0 0 rg BT 101.85 451.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 138.01 451.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 169.74 451.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 203.96 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.69 451.10 Td (any ) Tj ET Q q 0 0 0 rg BT 237.42 451.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 255.28 451.10 Td (will ) Tj ET Q q 0 0 0 rg BT 273.13 451.10 Td (be ) Tj ET Q q 0 0 0 rg BT 284.85 451.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 314.35 451.10 Td (as ) Tj ET Q q 0 0 0 rg BT 324.97 451.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 361.14 451.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 378.99 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.06 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.57 451.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 430.29 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.92 451.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 462.65 451.10 Td (OID ) Tj ET Q q 0 0 0 rg BT 482.71 451.10 Td (inclusions, ) Tj ET Q q 0 0 0 rg BT 528.06 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.79 451.10 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 439.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 89.98 439.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 108.04 439.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 145.79 439.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (Backup ) Tj ET Q q 0 0 0 rg BT 85.11 409.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.93 409.10 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 141.34 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.97 409.10 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 379.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.75 379.10 Td (will ) Tj ET Q q 0 0 0 rg BT 124.19 379.10 Td (be ) Tj ET Q q 0 0 0 rg BT 136.51 379.10 Td (required ) Tj ET Q q 0 0 0 rg BT 172.71 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.37 379.10 Td (report ) Tj ET Q q 0 0 0 rg BT 210.13 379.10 Td (information ) Tj ET Q q 0 0 0 rg BT 260.23 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.89 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.00 379.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 304.44 379.10 Td (on ) Tj ET Q q 0 0 0 rg BT 317.33 379.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 347.41 379.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 388.62 379.10 Td (on ) Tj ET Q q 0 0 0 rg BT 401.51 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.83 379.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 431.16 379.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 475.14 379.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 507.46 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.79 379.10 Td (discount\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.90 367.10 Td (on ) Tj ET Q q 0 0 0 rg BT 79.36 367.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 117.36 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.16 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.83 367.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 160.84 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.64 367.10 Td (a ) Tj ET Q q 0 0 0 rg BT 178.54 367.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 200.44 367.10 Td (if ) Tj ET Q q 0 0 0 rg BT 209.01 367.10 Td (you ) Tj ET Q q 0 0 0 rg BT 226.47 367.10 Td (are ) Tj ET Q q 0 0 0 rg BT 241.14 367.10 Td (not ) Tj ET Q q 0 0 0 rg BT 256.38 367.10 Td (an ) Tj ET Q q 0 0 0 rg BT 268.28 367.10 Td (exempt ) Tj ET Q q 0 0 0 rg BT 300.18 367.10 Td (recipient ) Tj ET Q q 0 0 0 rg BT 337.62 367.10 Td (\(such ) Tj ET Q q 0 0 0 rg BT 361.74 367.10 Td (as ) Tj ET Q q 0 0 0 rg BT 372.54 367.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.44 367.10 Td (corporation\). ) Tj ET Q q 0 0 0 rg BT 433.82 367.10 Td (In ) Tj ET Q q 0 0 0 rg BT 444.62 367.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 482.35 367.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 513.69 367.10 Td (withholding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (\(currently ) Tj ET Q q 0 0 0 rg BT 91.89 355.10 Td (at ) Tj ET Q q 0 0 0 rg BT 101.57 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.47 355.10 Td (28% ) Tj ET Q q 0 0 0 rg BT 129.27 355.10 Td (rate\) ) Tj ET Q q 0 0 0 rg BT 150.05 355.10 Td (may ) Tj ET Q q 0 0 0 rg BT 169.73 355.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 194.41 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.66 355.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 245.45 355.10 Td (made ) Tj ET Q q 0 0 0 rg BT 269.57 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.81 355.10 Td (you ) Tj ET Q q 0 0 0 rg BT 297.27 355.10 Td (if ) Tj ET Q q 0 0 0 rg BT 305.85 355.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 319.41 355.10 Td (you ) Tj ET Q q 0 0 0 rg BT 336.88 355.10 Td (do ) Tj ET Q q 0 0 0 rg BT 349.34 355.10 Td (not ) Tj ET Q q 0 0 0 rg BT 364.58 355.10 Td (furnish ) Tj ET Q q 0 0 0 rg BT 395.38 355.10 Td (or ) Tj ET Q q 0 0 0 rg BT 406.17 355.10 Td (you ) Tj ET Q q 0 0 0 rg BT 423.64 355.10 Td (have ) Tj ET Q q 0 0 0 rg BT 444.98 355.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 470.21 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.45 355.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 513.46 355.10 Td (your ) Tj ET Q q 0 0 0 rg BT 534.26 355.10 Td (correct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (taxpayer ) Tj ET Q q 0 0 0 rg BT 86.87 343.10 Td (identification ) Tj ET Q q 0 0 0 rg BT 142.63 343.10 Td (number) Tj ET Q q 0 0 0 rg BT 172.77 343.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.72 343.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 191.82 343.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 208.68 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.13 343.10 Td (has ) Tj ET Q q 0 0 0 rg BT 226.90 343.10 Td (been ) Tj ET Q q 0 0 0 rg BT 248.22 343.10 Td (instructed ) Tj ET Q q 0 0 0 rg BT 290.10 343.10 Td (by ) Tj ET Q q 0 0 0 rg BT 302.54 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.20 343.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 335.21 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.43 343.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 376.75 343.10 Td (withhold ) Tj ET Q q 0 0 0 rg BT 414.75 343.10 Td (because ) Tj ET Q q 0 0 0 rg BT 448.84 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.61 343.10 Td (underreporting ) Tj ET Q q 0 0 0 rg BT 521.48 343.10 Td (\(generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 86.46 331.10 Td (that ) Tj ET Q q 0 0 0 rg BT 103.48 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.72 331.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 135.31 331.10 Td (has ) Tj ET Q q 0 0 0 rg BT 150.66 331.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 197.67 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.13 331.10 Td (notified ) Tj ET Q q 0 0 0 rg BT 247.26 331.10 Td (you ) Tj ET Q q 0 0 0 rg BT 264.29 331.10 Td (that ) Tj ET Q q 0 0 0 rg BT 281.31 331.10 Td (you ) Tj ET Q q 0 0 0 rg BT 298.33 331.10 Td (have ) Tj ET Q q 0 0 0 rg BT 319.24 331.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 344.03 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.83 331.10 Td (report ) Tj ET Q q 0 0 0 rg BT 379.73 331.10 Td (any ) Tj ET Q q 0 0 0 rg BT 396.20 331.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 438.75 331.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 475.77 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.24 331.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 523.70 331.10 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (required ) Tj ET Q q 0 0 0 rg BT 85.49 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.44 319.10 Td (be ) Tj ET Q q 0 0 0 rg BT 107.06 319.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 135.34 319.10 Td (on ) Tj ET Q q 0 0 0 rg BT 147.52 319.10 Td (a ) Tj ET Q q 0 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rg BT 155.51 307.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.34 307.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 207.71 307.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 245.21 307.10 Td (an ) Tj ET Q q 0 0 0 rg BT 257.15 307.10 Td (exemption ) Tj ET Q q 0 0 0 rg BT 301.86 307.10 Td (from ) Tj ET Q q 0 0 0 rg BT 323.80 307.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 355.18 307.10 Td (withholding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 277.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 104.97 277.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 140.61 277.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 177.36 277.10 Td (under ) Tj ET Q q 0 0 0 rg BT 201.88 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.85 277.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 246.48 277.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 296.56 277.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 317.75 277.10 Td (will ) Tj ET Q q 0 0 0 rg BT 335.06 277.10 Td (be ) Tj ET Q q 0 0 0 rg BT 346.25 277.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 379.66 277.10 Td (as ) Tj ET Q q 0 0 0 rg BT 389.74 277.10 Td (a ) Tj ET Q q 0 0 0 rg BT 395.93 277.10 Td (refund ) Tj ET Q q 0 0 0 rg BT 423.78 277.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.87 277.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.06 277.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 464.57 277.10 Td (against ) Tj ET Q q 0 0 0 rg BT 494.65 277.10 Td (your ) Tj ET Q q 0 0 0 rg BT 514.73 277.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 534.27 277.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.19 265.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 95.17 265.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 128.04 265.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 165.35 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.32 265.10 Td (required ) Tj ET Q q 0 0 0 rg BT 214.40 265.10 Td (information ) Tj ET Q q 0 0 0 rg BT 263.37 265.10 Td (is ) Tj ET Q q 0 0 0 rg BT 271.80 265.10 Td (furnished ) Tj ET Q q 0 0 0 rg BT 311.33 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.87 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.85 265.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 352.17 265.10 Td (on ) Tj ET Q q 0 0 0 rg BT 363.93 265.10 Td (a ) Tj ET Q q 0 0 0 rg BT 370.13 265.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 397.44 265.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 421.44 265.10 Td (Y) Tj ET Q q 0 0 0 rg BT 427.66 265.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 439.42 265.10 Td (should ) Tj ET Q q 0 0 0 rg BT 467.85 265.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 498.50 265.10 Td (your ) Tj ET Q q 0 0 0 rg BT 518.59 265.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 532.56 265.10 Td (advisor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.52 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.93 253.10 Td (application ) Tj ET Q q 0 0 0 rg BT 151.56 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.10 253.10 Td (information ) Tj ET Q q 0 0 0 rg BT 211.51 253.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 250.37 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.00 253.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 298.08 253.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 348.62 253.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 370.26 253.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.24 253.10 Td (your ) Tj ET Q q 0 0 0 rg BT 400.77 253.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 441.28 253.10 Td (situation, ) Tj ET Q q 0 0 0 rg BT 480.43 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.84 253.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 542.03 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.56 253.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (exemption, ) Tj ET Q q 0 0 0 rg BT 97.21 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.15 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.87 241.10 Td (procedure ) Tj ET Q q 0 0 0 rg BT 171.34 241.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.50 241.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 225.78 241.10 Td (such ) Tj ET Q q 0 0 0 rg BT 246.61 241.10 Td (an ) Tj ET Q q 0 0 0 rg BT 258.54 241.10 Td (exemption, ) Tj ET Q q 0 0 0 rg BT 305.76 241.10 Td (if ) Tj ET Q q 0 0 0 rg BT 314.37 241.10 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.75 214.10 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 237.89 214.10 Td (TION ) Tj ET Q q 0 0 0 rg BT 265.40 214.10 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 300.78 214.10 Td ( PROSPER FUNDING LLC) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 184.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.16 184.10 Td (following ) Tj ET Q q 0 0 0 rg BT 143.11 184.10 Td (description ) Tj ET Q q 0 0 0 rg BT 190.26 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.21 184.10 Td (our ) Tj ET Q q 0 0 0 rg BT 216.26 184.10 Td (business ) Tj ET Q q 0 0 0 rg BT 252.31 184.10 Td (should ) Tj ET Q q 0 0 0 rg BT 281.14 184.10 Td (be ) Tj ET Q q 0 0 0 rg BT 292.75 184.10 Td (r) Tj ET Q q 0 0 0 rg BT 296.27 184.10 Td (ead ) Tj ET Q q 0 0 0 rg BT 312.87 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.81 184.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 372.18 184.10 Td (with ) Tj ET Q q 0 0 0 rg BT 391.57 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.95 184.10 Td (section ) Tj ET Q q 0 0 0 rg BT 436.44 184.10 Td (titled ) Tj ET Q q 0 0 0 rg BT 459.15 184.10 Td ("Business" ) Tj ET Q q 0 0 0 rg BT 504.71 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.65 184.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 534.58 184.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 544.24 184.10 Td (Part ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (I ) Tj ET Q q 0 0 0 rg BT 55.89 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 66.23 172.10 Td (our ) Tj ET Q q 0 0 0 rg BT 82.50 172.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 113.95 172.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 143.72 172.10 Td (on ) Tj ET Q q 0 0 0 rg BT 156.28 172.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 181.07 172.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 203.63 172.10 Td (for ) Tj ET Q q 0 0 0 rg BT 217.86 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.64 172.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 256.86 172.10 Td (year ) Tj ET Q q 0 0 0 rg BT 277.19 172.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 303.63 172.10 Td (December ) Tj ET Q q 0 0 0 rg BT 347.28 172.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 362.34 172.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 387.40 172.10 Td (which ) Tj ET Q q 0 0 0 rg BT 413.85 172.10 Td (is ) Tj ET Q q 0 0 0 rg BT 423.08 172.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 477.86 172.10 Td (by ) Tj ET Q q 0 0 0 rg BT 489.86 172.10 Td (r) Tj ET Q q 0 0 0 rg BT 493.38 172.10 Td (efer) Tj ET Q q 0 0 0 rg BT 508.56 172.10 Td (ence ) Tj ET Q q 0 0 0 rg BT 529.43 172.10 Td (into ) Tj ET Q q 0 0 0 rg BT 547.55 172.10 Td (this ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (pr) Tj ET Q q 0 0 0 rg BT 58.52 160.10 Td (ospectus.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 100.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 100.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.72 100.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 129.70 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.00 100.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 183.18 100.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.48 100.10 Td (peer) Tj ET Q q 0 0 0 rg BT 207.49 100.10 Td (-to-peer ) Tj ET Q q 0 0 0 rg BT 242.00 100.10 Td (online ) Tj ET Q q 0 0 0 rg BT 269.85 100.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 295.48 100.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 349.70 100.10 Td (which ) Tj ET Q q 0 0 0 rg BT 377.00 100.10 Td (this ) Tj ET Q q 0 0 0 rg BT 394.31 100.10 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 439.94 100.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 465.56 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.21 100.10 Td (as ) Tj ET Q q 0 0 0 rg BT 487.40 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.48 100.10 Td ("marketplace," ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.67 88.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 100.34 88.10 Td (its ) Tj ET Q q 0 0 0 rg BT 112.47 88.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 155.69 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.15 88.10 Td (borrow ) Tj ET Q q 0 0 0 rg BT 197.71 88.10 Td (money ) Tj ET Q q 0 0 0 rg BT 227.61 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.72 88.10 Td (its ) Tj ET Q q 0 0 0 rg BT 256.85 88.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 295.64 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.10 88.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 344.31 88.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 385.31 88.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 422.99 88.10 Td (Dependent ) Tj ET Q q 0 0 0 rg BT 468.98 88.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 497.49 88.10 Td (or ) Tj ET Q q 0 0 0 rg BT 508.50 88.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 537.01 88.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 76.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 84.73 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.45 76.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 137.49 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.32 76.10 Td (which ) Tj ET Q q 0 0 0 rg BT 175.25 76.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 212.73 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.45 76.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 261.05 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.88 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.60 76.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 310.21 76.10 Td (made ) Tj ET Q q 0 0 0 rg BT 334.37 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.64 76.10 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 390.19 76.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 407.05 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.55 76.10 Td (is ) Tj ET Q q 0 0 0 rg BT 418.72 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.65 76.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 485.92 76.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 529.53 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.36 76.10 Td (PMI.) Tj ET Q endstream endobj 189 0 obj <> endobj 190 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 105.84 742.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 149.00 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.27 742.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 214.19 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.69 742.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 259.41 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.68 742.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 320.17 742.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 366.66 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 383.71 742.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 411.32 742.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 451.14 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.53 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.81 742.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 526.73 742.10 Td (possible. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (On ) Tj ET Q q 0 0 0 rg BT 65.63 730.10 Td (February ) Tj ET Q q 0 0 0 rg BT 105.13 730.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 116.03 730.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 141.93 730.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 163.12 730.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 209.83 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.45 730.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 277.71 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.89 730.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 312.03 730.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 340.99 730.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 357.85 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.25 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.87 730.10 Td (right ) Tj ET Q q 0 0 0 rg BT 399.16 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.34 730.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 443.17 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.79 730.10 Td (peer) Tj ET Q q 0 0 0 rg BT 475.80 730.10 Td (-to-peer ) Tj ET Q q 0 0 0 rg BT 510.84 730.10 Td (online ) Tj ET Q q 0 0 0 rg BT 539.24 730.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 100.86 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.64 718.10 Td (originate ) Tj ET Q q 0 0 0 rg BT 148.18 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.62 718.10 Td (service ) Tj ET Q q 0 0 0 rg BT 194.94 718.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 235.26 718.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 261.70 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.14 718.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 305.97 718.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 325.75 718.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 348.87 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.31 718.10 Td (did ) Tj ET Q q 0 0 0 rg BT 380.08 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 394.86 718.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 427.40 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.18 718.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 454.04 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.04 718.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 499.70 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.04 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.25 718.10 Td (computer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 89.62 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 107.03 706.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 127.24 706.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 146.88 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.08 706.10 Td (develop, ) Tj ET Q q 0 0 0 rg BT 193.66 706.10 Td (update, ) Tj ET Q q 0 0 0 rg BT 225.23 706.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 262.64 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.50 706.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 311.35 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.99 706.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 377.26 706.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 420.79 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.43 706.10 Td (website\), ) Tj ET Q q 0 0 0 rg BT 474.22 706.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 508.85 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.71 706.10 Td (record ) Tj ET Q q 0 0 0 rg BT 553.67 706.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (register ) Tj ET Q q 0 0 0 rg BT 82.37 694.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 123.08 694.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 149.91 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.73 694.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 194.95 694.10 Td (process ) Tj ET Q q 0 0 0 rg BT 227.33 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.16 694.10 Td (record ) Tj ET Q q 0 0 0 rg BT 272.08 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.68 694.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 332.95 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.67 694.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 384.38 694.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 413.71 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.31 694.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 474.58 694.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 505.28 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 517.67 694.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 539.79 694.10 Td (funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (transfers ) Tj ET Q q 0 0 0 rg BT 86.30 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.94 682.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 128.35 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.00 682.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 178.19 682.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 204.49 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.80 682.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 265.99 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 277.85 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 298.05 682.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 338.24 682.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 367.05 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.13 682.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 416.88 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.18 682.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 465.59 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.78 682.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 503.48 682.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 527.57 682.10 Td (transfers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.69 670.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 94.13 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.82 670.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 147.15 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.39 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.74 670.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 216.97 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 229.88 670.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 258.61 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.96 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 303.30 670.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 323.99 670.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 344.12 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.81 670.10 Td (store, ) Tj ET Q q 0 0 0 rg BT 379.65 670.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 411.43 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.78 670.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 462.78 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.90 670.10 Td (information ) Tj ET Q q 0 0 0 rg BT 528.02 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 545.37 670.10 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (used ) Tj ET Q q 0 0 0 rg BT 70.79 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.69 658.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 129.01 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 141.47 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.15 658.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 207.46 658.10 Td (\(such ) Tj ET Q q 0 0 0 rg BT 231.58 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.38 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.61 658.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 285.62 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.85 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.53 658.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 358.52 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.31 658.10 Td (reports\). ) Tj ET Q q 0 0 0 rg BT 405.37 658.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 425.61 658.10 Td (is ) Tj ET Q q 0 0 0 rg BT 434.74 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.64 658.10 Td (party ) Tj ET Q q 0 0 0 rg BT 464.65 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.89 658.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 522.88 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 543.12 658.10 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 79.02 646.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 111.93 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.07 646.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 133.87 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.45 646.10 Td (hosting ) Tj ET Q q 0 0 0 rg BT 180.27 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.07 646.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 249.96 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.66 646.10 Td (servers ) Tj ET Q q 0 0 0 rg BT 291.34 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.15 646.10 Td (other ) Tj ET Q q 0 0 0 rg BT 331.06 646.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 371.19 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.99 646.10 Td (communications ) Tj ET Q q 0 0 0 rg BT 456.45 646.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 501.03 646.10 Td (used ) Tj ET Q q 0 0 0 rg BT 521.72 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 534.09 646.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 554.24 646.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 83.49 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.22 634.10 Td (all ) Tj ET Q q 0 0 0 rg BT 107.17 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.45 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.62 634.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 175.45 634.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 207.28 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.56 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.73 634.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 290.83 634.10 Td (updating ) Tj ET Q q 0 0 0 rg BT 328.78 634.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 342.56 634.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 396.04 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.43 634.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 454.14 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.42 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.59 634.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 532.40 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 634.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 89.91 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.38 622.10 Td (related ) Tj ET Q q 0 0 0 rg BT 129.72 622.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 168.51 622.10 Td (support ) Tj ET Q q 0 0 0 rg BT 200.65 622.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 237.49 622.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 251.84 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.20 622.10 Td (backup, ) Tj ET Q q 0 0 0 rg BT 299.71 622.10 Td (of) Tj ET Q q 0 0 0 rg BT 307.86 622.10 Td (fsite ) Tj ET Q q 0 0 0 rg BT 327.21 622.10 Td (storage ) Tj ET Q q 0 0 0 rg BT 358.23 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.80 622.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 417.48 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.94 622.10 Td (all ) Tj ET Q q 0 0 0 rg BT 440.08 622.10 Td (information ) Tj ET Q q 0 0 0 rg BT 489.42 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.00 622.10 Td (data ) Tj ET Q q 0 0 0 rg BT 524.79 622.10 Td (produced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.45 610.10 Td (used ) Tj ET Q q 0 0 0 rg BT 88.79 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 101.81 610.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 122.60 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.39 610.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 166.95 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.74 610.10 Td (all ) Tj ET Q q 0 0 0 rg BT 190.75 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.09 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.32 610.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 259.21 610.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 291.10 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.44 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.67 610.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 374.83 610.10 Td (updating ) Tj ET Q q 0 0 0 rg BT 412.84 610.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 426.68 610.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 480.22 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.68 610.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 538.45 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 610.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 101.41 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.39 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.16 598.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 186.23 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.78 598.10 Td (it ) Tj ET Q q 0 0 0 rg BT 206.88 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.76 598.10 Td (all ) Tj ET Q q 0 0 0 rg BT 230.31 598.10 Td (related ) Tj ET Q q 0 0 0 rg BT 260.06 598.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 297.31 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.30 598.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 331.85 598.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 384.92 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.80 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.57 598.10 Td (integrity) Tj ET Q q 0 0 0 rg BT 443.80 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 448.85 598.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 502.50 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.48 598.10 Td (security ) Tj ET Q q 0 0 0 rg BT 553.69 598.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.69 586.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 116.02 586.10 Td (from ) Tj ET Q q 0 0 0 rg BT 137.93 586.10 Td (cyber) Tj ET Q q 0 0 0 rg BT 159.94 586.10 Td (-attacks ) Tj ET Q q 0 0 0 rg BT 193.50 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.41 586.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 240.66 586.10 Td (threats, ) Tj ET Q q 0 0 0 rg BT 272.29 586.10 Td (which ) Tj ET Q q 0 0 0 rg BT 299.20 586.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 347.20 586.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 367.46 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 376.60 586.10 Td (not ) Tj ET Q q 0 0 0 rg BT 391.85 586.10 Td (assigning ) Tj ET Q q 0 0 0 rg BT 432.10 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.35 586.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 459.21 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.68 586.10 Td (such ) Tj ET Q q 0 0 0 rg BT 482.48 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.95 586.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 516.81 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.28 586.10 Td (will ) Tj ET Q q 0 0 0 rg BT 537.31 586.10 Td (not ) Tj ET Q q 0 0 0 rg BT 552.56 586.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 574.10 Td (party ) Tj ET Q q 0 0 0 rg BT 79.99 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.26 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.09 574.10 Td (third ) Tj ET Q q 0 0 0 rg BT 122.48 574.10 Td (party ) Tj ET Q q 0 0 0 rg BT 145.53 574.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 193.00 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.83 574.10 Td (such ) Tj ET Q q 0 0 0 rg BT 224.66 574.10 Td (agreements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 559.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 544.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.69 544.10 Td (also ) Tj ET Q q 0 0 0 rg BT 128.62 544.10 Td (has ) Tj ET Q q 0 0 0 rg BT 146.78 544.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 181.03 544.10 Td (into ) Tj ET Q q 0 0 0 rg BT 201.41 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.39 544.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 281.70 544.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 333.45 544.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 372.71 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.32 544.10 Td (which ) Tj ET Q q 0 0 0 rg BT 414.58 544.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 437.19 544.10 Td (has ) Tj ET Q q 0 0 0 rg BT 455.35 544.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 486.82 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.43 544.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 534.80 544.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 108.65 532.10 Td (services ) Tj ET Q q 0 0 0 rg BT 142.29 532.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 174.27 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.49 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.14 532.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 249.83 532.10 Td (The ) Tj ET Q q 0 0 0 rg BT 266.50 532.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 328.17 532.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 374.03 532.10 Td (between ) Tj ET Q q 0 0 0 rg BT 408.79 532.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 425.65 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.09 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.96 532.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 462.18 532.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 496.95 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 502.82 532.10 Td (license ) Tj ET Q q 0 0 0 rg BT 532.02 532.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.47 520.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 79.33 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.80 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.04 520.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 112.29 520.10 Td (that ) Tj ET Q q 0 0 0 rg BT 129.76 520.10 Td (entitles ) Tj ET Q q 0 0 0 rg BT 161.11 520.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 181.36 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.61 520.10 Td (use ) Tj ET Q q 0 0 0 rg BT 207.40 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.09 520.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 273.42 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.54 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.45 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.70 520.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 347.71 520.10 Td (to: ) Tj ET Q q 0 0 0 rg BT 360.73 520.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 372.64 520.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 398.58 520.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 451.57 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.37 520.10 Td (its ) Tj ET Q q 0 0 0 rg BT 474.29 520.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 500.64 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.55 520.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.17 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.26 508.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 151.68 508.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 198.51 508.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 231.45 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.63 508.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 281.78 508.10 Td (administration, ) Tj ET Q q 0 0 0 rg BT 344.45 508.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 364.07 508.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 415.33 508.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 452.44 508.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 472.06 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.90 508.10 Td (note ) Tj ET Q q 0 0 0 rg BT 508.52 508.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 547.57 508.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 96.25 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.90 496.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 129.32 496.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 156.01 496.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 209.74 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.27 496.10 Td (its ) Tj ET Q q 0 0 0 rg BT 233.93 496.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 261.03 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.67 496.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 326.32 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.08 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 345.72 496.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 379.47 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.46 496.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 424.21 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.19 496.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 476.72 496.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 500.48 496.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 547.57 496.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (funding. ) Tj ET Q q 0 0 0 rg BT 86.09 484.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.32 484.10 Td (license ) Tj ET Q q 0 0 0 rg BT 134.76 484.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.11 484.10 Td (terminable ) Tj ET Q q 0 0 0 rg BT 189.55 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.00 484.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 227.12 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 238.13 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.58 484.10 Td (part ) Tj ET Q q 0 0 0 rg BT 266.81 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.27 484.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 310.49 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.94 484.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 349.71 484.10 Td (by ) Tj ET Q q 0 0 0 rg BT 362.39 484.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 382.85 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.31 484.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 410.43 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.32 484.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 464.10 484.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 478.99 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 490.00 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.89 484.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 553.67 484.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 70.28 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 81.11 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.83 472.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 132.21 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.04 472.10 Td (some ) Tj ET Q q 0 0 0 rg BT 166.65 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 177.48 472.10 Td (all ) Tj ET Q q 0 0 0 rg BT 189.97 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.80 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.52 472.10 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 280.77 472.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.67 442.10 Td (has ) Tj ET Q q 0 0 0 rg BT 121.80 442.10 Td (been ) Tj ET Q q 0 0 0 rg BT 143.48 442.10 Td (or) Tj ET Q q 0 0 0 rg BT 151.63 442.10 Td (ganized ) Tj ET Q q 0 0 0 rg BT 185.53 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.77 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 212.25 442.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 249.48 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.06 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 267.31 442.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 300.10 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 317.90 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 327.37 442.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 364.61 442.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 376.85 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.44 442.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 428.01 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.03 442.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 486.39 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 504.19 442.10 Td (it ) Tj ET Q q 0 0 0 rg BT 512.55 442.10 Td (will ) Tj ET Q q 0 0 0 rg BT 530.91 442.10 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 82.05 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.55 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.71 430.10 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 143.76 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 155.81 430.10 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 205.64 430.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 254.35 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.40 430.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 297.90 430.10 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 348.54 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.71 430.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 382.65 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.15 430.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 435.64 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.58 430.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 495.85 430.10 Td (that ) Tj ET Q q 0 0 0 rg BT 514.57 430.10 Td (it ) Tj ET Q q 0 0 0 rg BT 523.85 430.10 Td (would ) Tj ET Q q 0 0 0 rg BT 552.58 430.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (substantively ) Tj ET Q q 0 0 0 rg BT 104.32 418.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 156.41 418.10 Td (with ) Tj ET Q q 0 0 0 rg BT 175.74 418.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 195.07 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.40 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.17 418.10 Td (event ) Tj ET Q q 0 0 0 rg BT 241.37 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.25 418.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 276.28 418.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 322.81 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.80 418.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 357.02 418.10 Td (have ) Tj ET Q q 0 0 0 rg BT 377.45 418.10 Td (its ) Tj ET Q q 0 0 0 rg BT 388.44 418.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 413.32 418.10 Td (subjected ) Tj ET Q q 0 0 0 rg BT 452.64 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.96 418.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 489.62 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.50 418.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 524.52 418.10 Td (creditors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.76 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.10 406.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 104.78 406.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 135.55 406.10 Td (they ) Tj ET Q q 0 0 0 rg BT 154.67 406.10 Td (have ) Tj ET Q q 0 0 0 rg BT 175.44 406.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 212.88 406.10 Td (this ) Tj ET Q q 0 0 0 rg BT 229.22 406.10 Td (by ) Tj ET Q q 0 0 0 rg BT 241.12 406.10 Td (imposing ) Tj ET Q q 0 0 0 rg BT 280.25 406.10 Td (through ) Tj ET Q q 0 0 0 rg BT 313.26 406.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 338.08 406.10 Td (or) Tj ET Q q 0 0 0 rg BT 346.23 406.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 397.00 406.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 442.22 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.56 406.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 500.44 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.12 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.24 406.10 Td (indenture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.74 394.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 126.71 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 139.25 394.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 164.72 394.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 203.35 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.33 394.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 250.07 394.10 Td (formalities ) Tj ET Q q 0 0 0 rg BT 295.93 394.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 334.02 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.34 394.10 Td (reinforce ) Tj ET Q q 0 0 0 rg BT 382.96 394.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 408.42 394.10 Td (status ) Tj ET Q q 0 0 0 rg BT 433.74 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 444.61 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 451.59 394.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 483.57 394.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 508.88 394.10 Td (from ) Tj ET Q q 0 0 0 rg BT 530.86 394.10 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 553.68 394.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 89.31 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.13 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.49 382.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 180.19 382.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 228.65 382.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 250.48 382.10 Td (has ) Tj ET Q q 0 0 0 rg BT 267.85 382.10 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 301.03 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.85 382.10 Td (its ) Tj ET Q q 0 0 0 rg BT 326.33 382.10 Td (dealings ) Tj ET Q q 0 0 0 rg BT 363.70 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 385.51 382.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 402.37 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.41 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.89 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 446.71 382.10 Td (third ) Tj ET Q q 0 0 0 rg BT 469.63 382.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 502.83 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.64 382.10 Td (observe ) Tj ET Q q 0 0 0 rg BT 549.78 382.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td ("separateness ) Tj ET Q q 0 0 0 rg BT 106.56 370.10 Td (covenants" ) Tj ET Q q 0 0 0 rg BT 153.13 370.10 Td (described ) Tj ET Q q 0 0 0 rg BT 193.94 370.10 Td (below ) Tj ET Q q 0 0 0 rg BT 220.88 370.10 Td (as ) Tj ET Q q 0 0 0 rg BT 231.71 370.10 Td (they ) Tj ET Q q 0 0 0 rg BT 251.43 370.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 276.13 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.41 370.10 Td (PFL.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 340.10 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 135.60 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 152.43 340.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 169.29 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.12 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.39 340.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 207.00 340.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 237.70 340.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 277.30 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.35 340.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 333.73 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 350.56 340.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 367.42 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.25 340.10 Td (will ) Tj ET Q q 0 0 0 rg BT 386.63 340.10 Td (become ) Tj ET Q q 0 0 0 rg BT 419.56 340.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 449.71 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.32 340.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.59 340.10 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 505.74 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.90 340.10 Td (involuntary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 97.49 328.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.32 328.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 138.59 328.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 185.51 328.10 Td (include ) Tj ET Q q 0 0 0 rg BT 217.45 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.16 328.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 295.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 295.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 137.58 295.10 Td (permissible ) Tj ET Q q 0 0 0 rg BT 185.34 295.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 223.09 295.10 Td (are ) Tj ET Q q 0 0 0 rg BT 236.96 295.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 266.94 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.37 295.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 315.79 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.67 295.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 382.68 295.10 Td (including ) Tj ET Q q 0 0 0 rg BT 422.11 295.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 456.53 295.10 Td (into ) Tj ET Q q 0 0 0 rg BT 473.74 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.61 295.10 Td (related ) Tj ET Q q 0 0 0 rg BT 516.47 295.10 Td (registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 283.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 161.36 283.10 Td (with ) Tj ET Q q 0 0 0 rg BT 181.97 283.10 Td (its ) Tj ET Q q 0 0 0 rg BT 194.25 283.10 Td (users; ) Tj ET Q q 0 0 0 rg BT 220.42 283.10 Td (purchasing, ) Tj ET Q q 0 0 0 rg BT 269.63 283.10 Td (owning, ) Tj ET Q q 0 0 0 rg BT 304.96 283.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 345.55 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.82 283.10 Td (pledging ) Tj ET Q q 0 0 0 rg BT 400.65 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.70 283.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 456.85 283.10 Td (Loans; ) Tj ET Q q 0 0 0 rg BT 486.90 283.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 518.07 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.34 283.10 Td (selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.47 271.10 Td (Notes; ) Tj ET Q q 0 0 0 rg BT 157.82 271.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 193.84 271.10 Td (into ) Tj ET Q q 0 0 0 rg BT 212.64 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.39 271.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 290.48 271.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 338.15 271.10 Td (\(or) Tj ET Q q 0 0 0 rg BT 349.41 271.10 Td (, ) Tj ET Q q 0 0 0 rg BT 355.16 271.10 Td (if ) Tj ET Q q 0 0 0 rg BT 364.52 271.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 411.36 271.10 Td (one ) Tj ET Q q 0 0 0 rg BT 429.04 271.10 Td (or ) Tj ET Q q 0 0 0 rg BT 440.62 271.10 Td (more ) Tj ET Q q 0 0 0 rg BT 464.42 271.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 495.44 271.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 544.22 271.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 259.10 Td (another ) Tj ET Q q 0 0 0 rg BT 144.84 259.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 169.47 259.10 Td (or ) Tj ET Q q 0 0 0 rg BT 179.66 259.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 210.40 259.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 251.14 259.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 280.77 259.10 Td (services\); ) Tj ET Q q 0 0 0 rg BT 320.94 259.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 355.57 259.10 Td (into ) Tj ET Q q 0 0 0 rg BT 372.98 259.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 420.37 259.10 Td (with ) Tj ET Q q 0 0 0 rg BT 440.00 259.10 Td (third ) Tj ET Q q 0 0 0 rg BT 460.75 259.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 489.26 259.10 Td (\(such ) Tj ET Q q 0 0 0 rg BT 512.78 259.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.83 259.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.47 259.10 Td (ebBank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.00 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.01 247.10 Td (back-up ) Tj ET Q q 0 0 0 rg BT 171.78 247.10 Td (servicer\) ) Tj ET Q q 0 0 0 rg BT 209.32 247.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 250.20 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.99 247.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 303.09 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.09 247.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 359.32 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.21 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.99 247.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 425.88 247.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 452.89 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.89 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.67 247.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 510.57 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.57 247.10 Td (transfers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.91 235.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 149.83 235.10 Td (between ) Tj ET Q q 0 0 0 rg BT 185.72 235.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 211.36 235.10 Td (its ) Tj ET Q q 0 0 0 rg BT 223.39 235.10 Td (own ) Tj ET Q q 0 0 0 rg BT 243.20 235.10 Td (management ) Tj ET Q q 0 0 0 rg BT 296.87 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.89 235.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 360.63 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.65 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.45 235.10 Td (issuing, ) Tj ET Q q 0 0 0 rg BT 425.87 235.10 Td (paying, ) Tj ET Q q 0 0 0 rg BT 458.17 235.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 476.30 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.32 235.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 553.67 235.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.72 223.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 155.55 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.49 223.10 Td (other ) Tj ET Q q 0 0 0 rg BT 197.54 223.10 Td (obligations; ) Tj ET Q q 0 0 0 rg BT 248.26 223.10 Td (making ) Tj ET Q q 0 0 0 rg BT 281.75 223.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 319.69 223.10 Td (filings ) Tj ET Q q 0 0 0 rg BT 348.75 223.10 Td (with ) Tj ET Q q 0 0 0 rg BT 370.03 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.74 223.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 407.58 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.52 223.10 Td (other ) Tj ET Q q 0 0 0 rg BT 449.57 223.10 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 497.79 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.72 223.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 547.57 223.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 211.10 Td (furnishing ) Tj ET Q q 0 0 0 rg BT 158.49 211.10 Td (prospectuses ) Tj ET Q q 0 0 0 rg BT 213.97 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.78 211.10 Td (other ) Tj ET Q q 0 0 0 rg BT 257.71 211.10 Td (of) Tj ET Q q 0 0 0 rg BT 265.86 211.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 294.12 211.10 Td (materials; ) Tj ET Q q 0 0 0 rg BT 337.92 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.74 211.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 388.32 211.10 Td (related ) Tj ET Q q 0 0 0 rg BT 419.90 211.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 462.88 211.10 Td (So ) Tj ET Q q 0 0 0 rg BT 477.82 211.10 Td (long ) Tj ET Q q 0 0 0 rg BT 499.98 211.10 Td (as ) Tj ET Q q 0 0 0 rg BT 512.69 211.10 Td (any ) Tj ET Q q 0 0 0 rg BT 531.51 211.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 555.33 211.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 199.10 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 164.67 199.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 181.53 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.03 199.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.20 199.10 Td (not ) Tj ET Q q 0 0 0 rg BT 208.47 199.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 249.29 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.57 199.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 290.39 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.67 199.10 Td (any ) Tj ET Q q 0 0 0 rg BT 317.60 199.10 Td (other ) Tj ET Q q 0 0 0 rg BT 340.65 199.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 181.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 181.10 Td (So ) Tj ET Q q 0 0 0 rg BT 125.80 181.10 Td (long ) Tj ET Q q 0 0 0 rg BT 145.82 181.10 Td (as ) Tj ET Q q 0 0 0 rg BT 156.38 181.10 Td (any ) Tj ET Q q 0 0 0 rg BT 173.06 181.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 194.74 181.10 Td (is ) Tj ET Q q 0 0 0 rg BT 203.64 181.10 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 255.05 181.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 271.91 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.14 181.10 Td (is ) Tj ET Q q 0 0 0 rg BT 283.05 181.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 326.39 181.10 Td (from ) Tj ET Q q 0 0 0 rg BT 348.07 181.10 Td (incurring ) Tj ET Q q 0 0 0 rg BT 386.96 181.10 Td (any ) Tj ET Q q 0 0 0 rg BT 403.64 181.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 425.87 181.10 Td (guarantying ) Tj ET Q q 0 0 0 rg BT 475.87 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.33 181.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 537.01 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.58 181.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 169.10 Td (other ) Tj ET Q q 0 0 0 rg BT 135.21 169.10 Td (person, ) Tj ET Q q 0 0 0 rg BT 166.04 169.10 Td (including ) Tj ET Q q 0 0 0 rg BT 205.48 169.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 224.93 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.03 169.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 265.63 169.10 Td (other ) Tj ET Q q 0 0 0 rg BT 287.84 169.10 Td (af) Tj ET Q q 0 0 0 rg BT 295.43 169.10 Td (filiates; ) Tj ET Q q 0 0 0 rg BT 327.08 169.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 366.51 169.10 Td (any ) Tj ET Q q 0 0 0 rg BT 382.62 169.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 407.62 169.10 Td (except ) Tj ET Q q 0 0 0 rg BT 435.38 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.82 169.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 490.36 169.10 Td (with ) Tj ET Q q 0 0 0 rg BT 509.80 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 169.10 Td (permitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 157.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 152.62 157.10 Td (described ) Tj ET Q q 0 0 0 rg BT 194.45 157.10 Td (above; ) Tj ET Q q 0 0 0 rg BT 224.62 157.10 Td (engaging, ) Tj ET Q q 0 0 0 rg BT 267.29 157.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 301.35 157.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.20 157.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 350.87 157.10 Td (, ) Tj ET Q q 0 0 0 rg BT 356.89 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.18 157.10 Td (any ) Tj ET Q q 0 0 0 rg BT 386.14 157.10 Td (business ) Tj ET Q q 0 0 0 rg BT 423.55 157.10 Td (other ) Tj ET Q q 0 0 0 rg BT 447.61 157.10 Td (than ) Tj ET Q q 0 0 0 rg BT 468.34 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.08 157.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 525.92 157.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 145.10 Td (described ) Tj ET Q q 0 0 0 rg BT 152.92 145.10 Td (above; ) Tj ET Q q 0 0 0 rg BT 181.18 145.10 Td (engaging ) Tj ET Q q 0 0 0 rg BT 219.44 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.83 145.10 Td (any ) Tj ET Q q 0 0 0 rg BT 244.87 145.10 Td (dissolution, ) Tj ET Q q 0 0 0 rg BT 292.87 145.10 Td (liquidation, ) Tj ET Q q 0 0 0 rg BT 340.31 145.10 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 398.29 145.10 Td (mer) Tj ET Q q 0 0 0 rg BT 413.66 145.10 Td (ger) Tj ET Q q 0 0 0 rg BT 426.03 145.10 Td (, ) Tj ET Q q 0 0 0 rg BT 430.13 145.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 451.18 145.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 468.33 145.10 Td (or ) Tj ET Q q 0 0 0 rg BT 478.27 145.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 510.41 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.34 145.10 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 133.10 Td (interests; ) Tj ET Q q 0 0 0 rg BT 151.60 133.10 Td (or ) Tj ET Q q 0 0 0 rg BT 162.43 133.10 Td (forming, ) Tj ET Q q 0 0 0 rg BT 199.65 133.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 239.91 133.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.74 133.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 283.80 133.10 Td (any ) Tj ET Q q 0 0 0 rg BT 300.74 133.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 341.20 133.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 115.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 115.10 Td (So ) Tj ET Q q 0 0 0 rg BT 125.95 115.10 Td (long ) Tj ET Q q 0 0 0 rg BT 146.11 115.10 Td (as ) Tj ET Q q 0 0 0 rg BT 156.82 115.10 Td (any ) Tj ET Q q 0 0 0 rg BT 173.65 115.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 195.47 115.10 Td (is ) Tj ET Q q 0 0 0 rg BT 204.52 115.10 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 256.07 115.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 272.93 115.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.32 115.10 Td (is ) Tj ET Q q 0 0 0 rg BT 284.37 115.10 Td (required ) Tj ET Q q 0 0 0 rg BT 320.07 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.23 115.10 Td (have ) Tj ET Q q 0 0 0 rg BT 351.49 115.10 Td (at ) Tj ET Q q 0 0 0 rg BT 361.10 115.10 Td (all ) Tj ET Q q 0 0 0 rg BT 373.47 115.10 Td (times ) Tj ET Q q 0 0 0 rg BT 397.52 115.10 Td (two ) Tj ET Q q 0 0 0 rg BT 414.91 115.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 466.16 115.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 503.53 115.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 531.47 115.10 Td (consent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 103.10 Td (is ) Tj ET Q q 0 0 0 rg BT 122.17 103.10 Td (required ) Tj ET Q q 0 0 0 rg BT 157.99 103.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.15 103.10 Td (it ) Tj ET Q q 0 0 0 rg BT 180.20 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.48 103.10 Td (take ) Tj ET Q q 0 0 0 rg BT 209.64 103.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 239.34 103.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 295.70 103.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 329.03 103.10 Td (including ) Tj ET Q q 0 0 0 rg BT 369.30 103.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 393.46 103.10 Td (for ) Tj ET Q q 0 0 0 rg BT 407.62 103.10 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 451.96 103.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 73.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 121.92 73.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 147.45 73.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 186.15 73.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.96 73.10 Td (essentially ) Tj ET Q q 0 0 0 rg BT 245.78 73.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 276.71 73.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.09 73.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 327.46 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.28 73.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 396.24 73.10 Td (dealing ) Tj ET Q q 0 0 0 rg BT 428.28 73.10 Td (with ) Tj ET Q q 0 0 0 rg BT 448.66 73.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 489.59 73.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 516.63 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.67 73.10 Td (issuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 78.07 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.74 61.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 111.60 61.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.83 61.10 Td (is ) Tj ET Q q 0 0 0 rg BT 122.74 61.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 166.08 61.10 Td (from ) Tj ET Q q 0 0 0 rg BT 187.75 61.10 Td (incurring ) Tj ET Q q 0 0 0 rg BT 226.64 61.10 Td (any ) Tj ET Q q 0 0 0 rg BT 243.32 61.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 262.77 61.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.67 61.10 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 317.22 61.10 Td (money ) Tj ET Q q 0 0 0 rg BT 346.67 61.10 Td (other ) Tj ET Q q 0 0 0 rg BT 369.46 61.10 Td (than ) Tj ET Q q 0 0 0 rg BT 388.91 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.36 61.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 431.42 61.10 Td (or ) Tj ET Q q 0 0 0 rg BT 441.99 61.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 481.44 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.46 61.10 Td (third ) Tj ET Q q 0 0 0 rg BT 512.58 61.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 541.47 61.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (than ) Tj ET Q q 0 0 0 rg BT 69.80 49.10 Td (those ) Tj ET Q q 0 0 0 rg BT 93.49 49.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 123.28 49.10 Td (under ) Tj ET Q q 0 0 0 rg BT 148.63 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.43 49.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 211.54 49.10 Td (it ) Tj ET Q q 0 0 0 rg BT 219.68 49.10 Td (is ) Tj ET Q q 0 0 0 rg BT 228.93 49.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 269.83 49.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.19 49.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 302.76 49.10 Td (into, ) Tj ET Q q 0 0 0 rg BT 323.39 49.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.30 49.10 Td (described ) Tj ET Q q 0 0 0 rg BT 375.20 49.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 404.16 49.10 Td (it ) Tj ET Q q 0 0 0 rg BT 412.29 49.10 Td (should ) Tj ET Q q 0 0 0 rg BT 441.55 49.10 Td (not ) Tj ET Q q 0 0 0 rg BT 456.90 49.10 Td (be ) Tj ET Q q 0 0 0 rg BT 468.92 49.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 499.83 49.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.19 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.99 49.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 553.67 49.10 Td (of ) Tj ET Q endstream endobj 191 0 obj <> endobj 192 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.87 742.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 104.28 742.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 143.91 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.11 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 165.99 742.10 Td (permissible ) Tj ET Q q 0 0 0 rg BT 214.52 742.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 255.37 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 264.40 742.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 277.39 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.03 742.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 333.33 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.09 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 355.96 742.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 386.72 742.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 452.46 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.33 742.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 515.06 742.10 Td (obligations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.55 730.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 86.33 730.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 118.10 730.10 Td (do ) Tj ET Q q 0 0 0 rg BT 130.44 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 145.55 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 166.77 730.10 Td (recourse ) Tj ET Q q 0 0 0 rg BT 202.97 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.09 730.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 229.95 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.28 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 246.28 730.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 283.05 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.72 730.10 Td (their ) Tj ET Q q 0 0 0 rg BT 314.38 730.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 340.04 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.82 730.10 Td (must ) Tj ET Q q 0 0 0 rg BT 378.60 730.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 396.49 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 408.82 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.38 730.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 482.92 730.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 523.58 730.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 550.35 730.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (payment. ) Tj ET Q q 0 0 0 rg BT 89.59 718.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 106.45 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.10 718.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 141.75 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.18 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 164.27 718.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 210.24 718.10 Td (capitalized, ) Tj ET Q q 0 0 0 rg BT 258.70 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.79 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 293.44 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 305.55 718.10 Td (capitalization, ) Tj ET Q q 0 0 0 rg BT 364.56 718.10 Td (together ) Tj ET Q q 0 0 0 rg BT 399.98 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 420.42 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.29 718.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 450.15 718.10 Td (income ) Tj ET Q q 0 0 0 rg BT 482.24 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.89 718.10 Td (it ) Tj ET Q q 0 0 0 rg BT 508.10 718.10 Td (earns, ) Tj ET Q q 0 0 0 rg BT 534.36 718.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 718.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 706.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 90.30 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.79 706.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 122.94 706.10 Td (all ) Tj ET Q q 0 0 0 rg BT 135.65 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.69 706.10 Td (its ) Tj ET Q q 0 0 0 rg BT 158.86 706.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 199.34 706.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 246.49 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.99 706.10 Td (af) Tj ET Q q 0 0 0 rg BT 264.58 706.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 294.50 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.66 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.59 706.10 Td (third ) Tj ET Q q 0 0 0 rg BT 348.19 706.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 377.56 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 398.05 706.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 425.77 706.10 Td (it ) Tj ET Q q 0 0 0 rg BT 434.04 706.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 472.85 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.34 706.10 Td (order ) Tj ET Q q 0 0 0 rg BT 507.15 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.65 706.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 549.79 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 101.10 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.78 694.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 151.67 694.10 Td (its ) Tj ET Q q 0 0 0 rg BT 163.36 694.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 203.93 694.10 Td (business ) Tj ET Q q 0 0 0 rg BT 240.06 694.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 280.40 694.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 329.74 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 334.48 694.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 351.34 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.58 694.10 Td (does ) Tj ET Q q 0 0 0 rg BT 374.15 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 389.17 694.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 417.51 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.53 694.10 Td (have ) Tj ET Q q 0 0 0 rg BT 448.65 694.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 485.87 694.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 518.67 694.10 Td (unsatisfied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 78.65 682.10 Td (against ) Tj ET Q q 0 0 0 rg BT 109.51 682.10 Td (it ) Tj ET Q q 0 0 0 rg BT 117.61 682.10 Td (who ) Tj ET Q q 0 0 0 rg BT 137.37 682.10 Td (could ) Tj ET Q q 0 0 0 rg BT 162.13 682.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 182.44 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.76 682.10 Td (place ) Tj ET Q q 0 0 0 rg BT 216.40 682.10 Td (it ) Tj ET Q q 0 0 0 rg BT 224.49 682.10 Td (into ) Tj ET Q q 0 0 0 rg BT 242.59 682.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 290.12 682.10 Td (involuntarily) Tj ET Q q 0 0 0 rg BT 341.13 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 346.17 682.10 Td (For ) Tj ET Q q 0 0 0 rg BT 362.60 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.36 682.10 Td (same ) Tj ET Q q 0 0 0 rg BT 400.45 682.10 Td (reason, ) Tj ET Q q 0 0 0 rg BT 431.59 682.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 448.45 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 450.99 682.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 486.30 682.10 Td (it ) Tj ET Q q 0 0 0 rg BT 494.40 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 503.61 682.10 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 538.92 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 556.46 682.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.56 670.10 Td (become ) Tj ET Q q 0 0 0 rg BT 111.22 670.10 Td (insolvent. ) Tj ET Q q 0 0 0 rg BT 152.95 670.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 169.81 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.38 670.10 Td (does ) Tj ET Q q 0 0 0 rg BT 193.27 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 208.62 670.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 240.05 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 257.61 670.10 Td (its ) Tj ET Q q 0 0 0 rg BT 269.63 670.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 321.06 670.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 358.61 670.10 Td (would ) Tj ET Q q 0 0 0 rg BT 386.18 670.10 Td (approve ) Tj ET Q q 0 0 0 rg BT 420.95 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.96 670.10 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 468.85 670.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 516.40 670.10 Td (filing, ) Tj ET Q q 0 0 0 rg BT 543.13 670.10 Td (even ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (if ) Tj ET Q q 0 0 0 rg BT 58.18 658.10 Td (such ) Tj ET Q q 0 0 0 rg BT 78.58 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 85.09 658.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 108.83 658.10 Td (might ) Tj ET Q q 0 0 0 rg BT 134.24 658.10 Td (be ) Tj ET Q q 0 0 0 rg BT 145.75 658.10 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 202.24 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.09 658.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 231.95 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 242.35 658.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 267.35 658.10 Td (other ) Tj ET Q q 0 0 0 rg BT 289.96 658.10 Td (af) Tj ET Q q 0 0 0 rg BT 297.55 658.10 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 329.34 658.10 Td (if ) Tj ET Q q 0 0 0 rg BT 337.52 658.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 354.38 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.45 658.10 Td (is ) Tj ET Q q 0 0 0 rg BT 365.19 658.10 Td (not ) Tj ET Q q 0 0 0 rg BT 380.04 658.10 Td (insolvent ) Tj ET Q q 0 0 0 rg BT 418.78 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.63 658.10 Td (its ) Tj ET Q q 0 0 0 rg BT 440.15 658.10 Td (own ) Tj ET Q q 0 0 0 rg BT 459.44 658.10 Td (right, ) Tj ET Q q 0 0 0 rg BT 482.90 658.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 509.97 658.10 Td (another ) Tj ET Q q 0 0 0 rg BT 542.03 658.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 646.10 Td (such ) Tj ET Q q 0 0 0 rg BT 84.99 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.93 646.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 116.09 646.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 141.37 646.10 Td (at ) Tj ET Q q 0 0 0 rg BT 151.09 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.81 646.10 Td (time ) Tj ET Q q 0 0 0 rg BT 186.08 646.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 228.57 646.10 Td (with ) Tj ET Q q 0 0 0 rg BT 248.85 646.10 Td (their ) Tj ET Q q 0 0 0 rg BT 269.68 646.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 308.27 646.10 Td (duties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.10 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 136.25 616.10 Td (that ) Tj ET Q q 0 0 0 rg BT 153.71 616.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 170.58 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.05 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.96 616.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 210.22 616.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 241.56 616.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 281.80 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.49 616.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 339.52 616.10 Td (that ) Tj ET Q q 0 0 0 rg BT 356.99 616.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 373.85 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 376.32 616.10 Td (would ) Tj ET Q q 0 0 0 rg BT 403.79 616.10 Td (be ) Tj ET Q q 0 0 0 rg BT 415.70 616.10 Td (substantively ) Tj ET Q q 0 0 0 rg BT 470.95 616.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 523.97 616.10 Td (with ) Tj ET Q q 0 0 0 rg BT 544.22 616.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.50 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.44 604.10 Td (event ) Tj ET Q q 0 0 0 rg BT 96.82 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.87 604.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 132.07 604.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 178.78 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.94 604.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 213.33 604.10 Td (have ) Tj ET Q q 0 0 0 rg BT 233.93 604.10 Td (its ) Tj ET Q q 0 0 0 rg BT 245.10 604.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 270.16 604.10 Td (subjected ) Tj ET Q q 0 0 0 rg BT 309.64 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.14 604.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 346.97 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.02 604.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 382.22 604.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 418.93 604.10 Td (include ) Tj ET Q q 0 0 0 rg BT 450.08 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.02 604.10 Td (following ) Tj ET Q q 0 0 0 rg BT 504.63 604.10 Td (\("separateness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (covenants"\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 559.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 559.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.03 559.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.87 559.10 Td (required ) Tj ET Q q 0 0 0 rg BT 176.35 559.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.30 559.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 223.45 559.10 Td (its ) Tj ET Q q 0 0 0 rg BT 235.07 559.10 Td (own ) Tj ET Q q 0 0 0 rg BT 254.46 559.10 Td (books ) Tj ET Q q 0 0 0 rg BT 280.52 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.13 559.10 Td (records ) Tj ET Q q 0 0 0 rg BT 328.72 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.33 559.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 366.94 559.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 404.09 559.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 439.01 559.10 Td (from ) Tj ET Q q 0 0 0 rg BT 460.62 559.10 Td (those ) Tj ET Q q 0 0 0 rg BT 483.89 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.39 559.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 514.34 559.10 Td (or ) Tj ET Q q 0 0 0 rg BT 524.84 559.10 Td (any ) Tj ET Q q 0 0 0 rg BT 541.45 559.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 547.10 Td (person;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 529.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 529.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.01 529.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.83 529.10 Td (required ) Tj ET Q q 0 0 0 rg BT 176.30 529.10 Td (at ) Tj ET Q q 0 0 0 rg BT 185.67 529.10 Td (all ) Tj ET Q q 0 0 0 rg BT 197.81 529.10 Td (times ) Tj ET Q q 0 0 0 rg BT 221.63 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.56 529.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 251.49 529.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 273.63 529.10 Td (out ) Tj ET Q q 0 0 0 rg BT 288.56 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.49 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.86 529.10 Td (public ) Tj ET Q q 0 0 0 rg BT 340.00 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.59 529.10 Td (all ) Tj ET Q q 0 0 0 rg BT 368.74 529.10 Td (other ) Tj ET Q q 0 0 0 rg BT 391.44 529.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 424.14 529.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.62 529.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.21 529.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 462.79 529.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 487.72 529.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 522.62 529.10 Td (from ) Tj ET Q q 0 0 0 rg BT 544.21 529.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.94 517.10 Td (any ) Tj ET Q q 0 0 0 rg BT 146.88 517.10 Td (other ) Tj ET Q q 0 0 0 rg BT 169.92 517.10 Td (person;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 499.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 499.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.36 499.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.53 499.10 Td (required ) Tj ET Q q 0 0 0 rg BT 177.35 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.62 499.10 Td (have ) Tj ET Q q 0 0 0 rg BT 209.00 499.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.94 499.10 Td (board ) Tj ET Q q 0 0 0 rg BT 241.21 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.04 499.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 289.52 499.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 324.78 499.10 Td (from ) Tj ET Q q 0 0 0 rg BT 346.72 499.10 Td (that ) Tj ET Q q 0 0 0 rg BT 364.21 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.04 499.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 395.32 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.26 499.10 Td (any ) Tj ET Q q 0 0 0 rg BT 429.20 499.10 Td (other ) Tj ET Q q 0 0 0 rg BT 452.25 499.10 Td (person;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 481.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 481.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 481.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.59 481.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.99 481.10 Td (required ) Tj ET Q q 0 0 0 rg BT 178.03 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.54 481.10 Td (file ) Tj ET Q q 0 0 0 rg BT 204.59 481.10 Td (its ) Tj ET Q q 0 0 0 rg BT 216.77 481.10 Td (own ) Tj ET Q q 0 0 0 rg BT 236.72 481.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 251.66 481.10 Td (returns, ) Tj ET Q q 0 0 0 rg BT 284.66 481.10 Td (if ) Tj ET Q q 0 0 0 rg BT 293.50 481.10 Td (any) Tj ET Q q 0 0 0 rg BT 307.29 481.10 Td (, ) Tj ET Q q 0 0 0 rg BT 312.52 481.10 Td (as ) Tj ET Q q 0 0 0 rg BT 323.57 481.10 Td (may ) Tj ET Q q 0 0 0 rg BT 343.52 481.10 Td (be ) Tj ET Q q 0 0 0 rg BT 355.69 481.10 Td (required ) Tj ET Q q 0 0 0 rg BT 391.73 481.10 Td (under ) Tj ET Q q 0 0 0 rg BT 417.23 481.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 461.04 481.10 Td (law) Tj ET Q q 0 0 0 rg BT 474.83 481.10 Td (, ) Tj ET Q q 0 0 0 rg BT 480.06 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.57 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.51 481.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 532.68 481.10 Td (it ) Tj ET Q q 0 0 0 rg BT 540.96 481.10 Td (is ) Tj ET Q q 0 0 0 rg BT 550.36 481.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 469.10 Td (not ) Tj ET Q q 0 0 0 rg BT 127.35 469.10 Td (part ) Tj ET Q q 0 0 0 rg BT 144.47 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.37 469.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.38 469.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 212.50 469.10 Td (group ) Tj ET Q q 0 0 0 rg BT 237.40 469.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 260.64 469.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.65 469.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 318.76 469.10 Td (return ) Tj ET Q q 0 0 0 rg BT 344.21 469.10 Td (or ) Tj ET Q q 0 0 0 rg BT 354.11 469.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 383.45 469.10 Td (or ) Tj ET Q q 0 0 0 rg BT 393.36 469.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 406.59 469.10 Td (not ) Tj ET Q q 0 0 0 rg BT 420.94 469.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 449.71 469.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.62 469.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.63 469.10 Td (division ) Tj ET Q q 0 0 0 rg BT 499.43 469.10 Td (for ) Tj ET Q q 0 0 0 rg BT 512.66 469.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 526.45 469.10 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.83 457.10 Td (another ) Tj ET Q q 0 0 0 rg BT 156.32 457.10 Td (taxpayer) Tj ET Q q 0 0 0 rg BT 190.34 457.10 Td (, ) Tj ET Q q 0 0 0 rg BT 195.34 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.28 457.10 Td (it ) Tj ET Q q 0 0 0 rg BT 220.33 457.10 Td (must ) Tj ET Q q 0 0 0 rg BT 242.28 457.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 259.22 457.10 Td (any ) Tj ET Q q 0 0 0 rg BT 276.16 457.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 299.21 457.10 Td (so ) Tj ET Q q 0 0 0 rg BT 310.60 457.10 Td (required ) Tj ET Q q 0 0 0 rg BT 346.41 457.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.69 457.10 Td (be ) Tj ET Q q 0 0 0 rg BT 368.63 457.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 388.35 457.10 Td (under ) Tj ET Q q 0 0 0 rg BT 413.62 457.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 457.20 457.10 Td (law;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 439.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 439.10 Td (Except ) Tj ET Q q 0 0 0 rg BT 142.87 439.10 Td (as ) Tj ET Q q 0 0 0 rg BT 153.32 439.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 209.29 439.10 Td (by ) Tj ET Q q 0 0 0 rg BT 221.40 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.73 439.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 283.38 439.10 Td (it ) Tj ET Q q 0 0 0 rg BT 291.04 439.10 Td (enters ) Tj ET Q q 0 0 0 rg BT 317.03 439.10 Td (into ) Tj ET Q q 0 0 0 rg BT 334.70 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.59 439.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 390.57 439.10 Td (with ) Tj ET Q q 0 0 0 rg BT 410.46 439.10 Td (its ) Tj ET Q q 0 0 0 rg BT 422.02 439.10 Td (permissible ) Tj ET Q q 0 0 0 rg BT 470.23 439.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 510.94 439.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 527.80 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.91 439.10 Td (may ) Tj ET Q q 0 0 0 rg BT 549.24 439.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 427.10 Td (commingle ) Tj ET Q q 0 0 0 rg BT 160.19 427.10 Td (its ) Tj ET Q q 0 0 0 rg BT 171.85 427.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 197.38 427.10 Td (with ) Tj ET Q q 0 0 0 rg BT 217.37 427.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 242.90 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.43 427.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 273.42 427.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.96 427.10 Td (any ) Tj ET Q q 0 0 0 rg BT 300.60 427.10 Td (other ) Tj ET Q q 0 0 0 rg BT 323.35 427.10 Td (person ) Tj ET Q q 0 0 0 rg BT 352.22 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.86 427.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 406.05 427.10 Td (its ) Tj ET Q q 0 0 0 rg BT 417.71 427.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 442.13 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.78 427.10 Td (other ) Tj ET Q q 0 0 0 rg BT 481.53 427.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 507.06 427.10 Td (such ) Tj ET Q q 0 0 0 rg BT 527.60 427.10 Td (that ) Tj ET Q q 0 0 0 rg BT 544.80 427.10 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 415.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 134.39 415.10 Td (be ) Tj ET Q q 0 0 0 rg BT 146.33 415.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 189.36 415.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 230.18 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.12 415.10 Td (segregated ) Tj ET Q q 0 0 0 rg BT 292.37 415.10 Td (from ) Tj ET Q q 0 0 0 rg BT 314.31 415.10 Td (those ) Tj ET Q q 0 0 0 rg BT 337.92 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.75 415.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 369.03 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.97 415.10 Td (any ) Tj ET Q q 0 0 0 rg BT 402.91 415.10 Td (other ) Tj ET Q q 0 0 0 rg BT 425.95 415.10 Td (person;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 397.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 397.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.44 397.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.70 397.10 Td (required ) Tj ET Q q 0 0 0 rg BT 177.60 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.96 397.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 222.20 397.10 Td (its ) Tj ET Q q 0 0 0 rg BT 234.23 397.10 Td (business ) Tj ET Q q 0 0 0 rg BT 270.71 397.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.07 397.10 Td (its ) Tj ET Q q 0 0 0 rg BT 293.11 397.10 Td (own ) Tj ET Q q 0 0 0 rg BT 312.91 397.10 Td (name ) Tj ET Q q 0 0 0 rg BT 337.15 397.10 Td (so ) Tj ET Q q 0 0 0 rg BT 348.63 397.10 Td (as ) Tj ET Q q 0 0 0 rg BT 359.54 397.10 Td (not ) Tj ET Q q 0 0 0 rg BT 374.91 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.27 397.10 Td (mislead ) Tj ET Q q 0 0 0 rg BT 418.96 397.10 Td (third ) Tj ET Q q 0 0 0 rg BT 440.43 397.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 469.67 397.10 Td (as ) Tj ET Q q 0 0 0 rg BT 480.58 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.94 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.75 397.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 538.88 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 397.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 385.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 137.40 385.10 Td (with ) Tj ET Q q 0 0 0 rg BT 156.80 385.10 Td (which ) Tj ET Q q 0 0 0 rg BT 182.87 385.10 Td (such ) Tj ET Q q 0 0 0 rg BT 202.82 385.10 Td (third ) Tj ET Q q 0 0 0 rg BT 223.34 385.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 251.62 385.10 Td (are ) Tj ET Q q 0 0 0 rg BT 265.45 385.10 Td (dealing ) Tj ET Q q 0 0 0 rg BT 296.51 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.58 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.98 385.10 Td (strictly ) Tj ET Q q 0 0 0 rg BT 351.38 385.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 383.00 385.10 Td (with ) Tj ET Q q 0 0 0 rg BT 402.40 385.10 Td (all ) Tj ET Q q 0 0 0 rg BT 414.03 385.10 Td (or) Tj ET Q q 0 0 0 rg BT 422.17 385.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 472.67 385.10 Td (formalities ) Tj ET Q q 0 0 0 rg BT 517.61 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.02 385.10 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 373.10 Td (its ) Tj ET Q q 0 0 0 rg BT 124.95 373.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 160.20 373.10 Td (existence;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 355.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 355.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.95 355.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.71 355.10 Td (required ) Tj ET Q q 0 0 0 rg BT 176.11 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.98 355.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 223.06 355.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 257.90 355.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 294.97 355.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 339.27 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.80 355.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 383.99 355.10 Td (that ) Tj ET Q q 0 0 0 rg BT 401.07 355.10 Td (such ) Tj ET Q q 0 0 0 rg BT 421.49 355.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 458.56 355.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 502.86 355.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 536.60 355.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 549.80 355.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 343.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 136.74 343.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 167.14 343.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.10 343.10 Td (otherwise\) ) Tj ET Q q 0 0 0 rg BT 222.95 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.80 343.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 273.19 343.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 313.02 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.99 343.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 340.85 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.48 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.55 343.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 380.97 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.04 343.10 Td (their ) Tj ET Q q 0 0 0 rg BT 419.00 343.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 462.17 343.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 488.13 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.21 343.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 545.06 343.10 Td (and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.22 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.89 331.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 164.76 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.43 331.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 205.20 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.09 331.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 261.75 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.52 331.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 289.38 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.83 331.10 Td (are ) Tj ET Q q 0 0 0 rg BT 306.48 331.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 355.01 331.10 Td (on ) Tj ET Q q 0 0 0 rg BT 367.46 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.12 331.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 419.54 331.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 464.20 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.98 331.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 497.71 331.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 526.25 331.10 Td (that ) Tj ET Q q 0 0 0 rg BT 543.69 331.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 319.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.63 319.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 195.50 319.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 229.80 319.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 243.56 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.42 319.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 282.18 319.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 312.60 319.10 Td (or ) Tj ET Q q 0 0 0 rg BT 323.58 319.10 Td (otherwise\) ) Tj ET Q q 0 0 0 rg BT 368.44 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.31 319.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 418.71 319.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 458.57 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.55 319.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 486.41 319.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.06 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.15 319.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 526.58 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.67 319.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 307.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 148.25 307.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 174.08 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.02 307.10 Td (liabilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 289.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 289.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 289.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.80 289.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.40 289.10 Td (required ) Tj ET Q q 0 0 0 rg BT 178.65 289.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.37 289.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 206.74 289.10 Td (its ) Tj ET Q q 0 0 0 rg BT 219.13 289.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 259.83 289.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 298.86 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.24 289.10 Td (its ) Tj ET Q q 0 0 0 rg BT 328.62 289.10 Td (own ) Tj ET Q q 0 0 0 rg BT 348.78 289.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 388.93 289.10 Td (only ) Tj ET Q q 0 0 0 rg BT 409.65 289.10 Td (out ) Tj ET Q q 0 0 0 rg BT 425.36 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.63 289.10 Td (its ) Tj ET Q q 0 0 0 rg BT 449.01 289.10 Td (own ) Tj ET Q q 0 0 0 rg BT 469.17 289.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 494.33 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.70 289.10 Td (not ) Tj ET Q q 0 0 0 rg BT 527.41 289.10 Td (from ) Tj ET Q q 0 0 0 rg BT 549.79 289.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 277.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 137.72 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.55 277.10 Td (any ) Tj ET Q q 0 0 0 rg BT 165.49 277.10 Td (other ) Tj ET Q q 0 0 0 rg BT 188.54 277.10 Td (person;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 259.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 259.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.93 259.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.68 259.10 Td (required ) Tj ET Q q 0 0 0 rg BT 179.07 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.92 259.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 227.98 259.10 Td (an ) Tj ET Q q 0 0 0 rg BT 240.50 259.10 Td (arm's ) Tj ET Q q 0 0 0 rg BT 264.81 259.10 Td (length ) Tj ET Q q 0 0 0 rg BT 292.88 259.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 343.16 259.10 Td (with ) Tj ET Q q 0 0 0 rg BT 364.02 259.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 384.87 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.38 259.10 Td (its ) Tj ET Q q 0 0 0 rg BT 414.91 259.10 Td (other ) Tj ET Q q 0 0 0 rg BT 438.53 259.10 Td (af) Tj ET Q q 0 0 0 rg BT 446.12 259.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 476.40 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.91 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.77 259.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 533.94 259.10 Td (that ) Tj ET Q q 0 0 0 rg BT 552.01 259.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 247.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 163.43 247.10 Td (between ) Tj ET Q q 0 0 0 rg BT 199.40 247.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 216.26 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.93 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.03 247.10 Td (its ) Tj ET Q q 0 0 0 rg BT 248.14 247.10 Td (af) Tj ET Q q 0 0 0 rg BT 255.73 247.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 285.60 247.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.47 247.10 Td (on ) Tj ET Q q 0 0 0 rg BT 313.13 247.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 338.01 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.11 247.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 399.44 247.10 Td (that ) Tj ET Q q 0 0 0 rg BT 417.10 247.10 Td (are ) Tj ET Q q 0 0 0 rg BT 431.97 247.10 Td (not ) Tj ET Q q 0 0 0 rg BT 447.41 247.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 490.61 247.10 Td (more ) Tj ET Q q 0 0 0 rg BT 513.82 247.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 554.24 247.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.75 235.10 Td (af) Tj ET Q q 0 0 0 rg BT 134.33 235.10 Td (filiate ) Tj ET Q q 0 0 0 rg BT 159.18 235.10 Td (than ) Tj ET Q q 0 0 0 rg BT 177.93 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.68 235.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 215.42 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.39 235.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 274.59 235.10 Td (that ) Tj ET Q q 0 0 0 rg BT 291.11 235.10 Td (would ) Tj ET Q q 0 0 0 rg BT 317.64 235.10 Td (be ) Tj ET Q q 0 0 0 rg BT 328.61 235.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 365.67 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.98 235.10 Td (have ) Tj ET Q q 0 0 0 rg BT 395.39 235.10 Td (been ) Tj ET Q q 0 0 0 rg BT 415.79 235.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 451.76 235.10 Td (under ) Tj ET Q q 0 0 0 rg BT 476.06 235.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 505.36 235.10 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 223.10 Td (from ) Tj ET Q q 0 0 0 rg BT 134.94 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.88 223.10 Td (non-af) Tj ET Q q 0 0 0 rg BT 167.79 223.10 Td (filiate;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 205.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 205.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.36 205.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.53 205.10 Td (required ) Tj ET Q q 0 0 0 rg BT 177.35 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.62 205.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 204.56 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.28 205.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 251.76 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.59 205.10 Td (its ) Tj ET Q q 0 0 0 rg BT 274.54 205.10 Td (own ) Tj ET Q q 0 0 0 rg BT 294.26 205.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 342.03 205.10 Td (if ) Tj ET Q q 0 0 0 rg BT 350.64 205.10 Td (any;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 187.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 187.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.36 187.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.53 187.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 185.13 187.10 Td (from ) Tj ET Q q 0 0 0 rg BT 207.07 187.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 240.13 187.10 Td (out ) Tj ET Q q 0 0 0 rg BT 255.41 187.10 Td (its ) Tj ET Q q 0 0 0 rg BT 267.36 187.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 292.62 187.10 Td (or ) Tj ET Q q 0 0 0 rg BT 303.45 187.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 329.28 187.10 Td (as ) Tj ET Q q 0 0 0 rg BT 340.11 187.10 Td (being ) Tj ET Q q 0 0 0 rg BT 364.83 187.10 Td (available ) Tj ET Q q 0 0 0 rg BT 403.42 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.69 187.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 442.30 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.02 187.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 503.96 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.79 187.10 Td (others;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 169.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 169.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 169.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.96 169.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.72 169.10 Td (required ) Tj ET Q q 0 0 0 rg BT 176.14 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.01 169.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 219.20 169.10 Td (fairly ) Tj ET Q q 0 0 0 rg BT 242.95 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.49 169.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 304.90 169.10 Td (any ) Tj ET Q q 0 0 0 rg BT 321.44 169.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 360.18 169.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.94 169.10 Td (shared ) Tj ET Q q 0 0 0 rg BT 402.13 169.10 Td (of) Tj ET Q q 0 0 0 rg BT 410.28 169.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 427.36 169.10 Td (space ) Tj ET Q q 0 0 0 rg BT 451.67 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.20 169.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 484.74 169.10 Td (for ) Tj ET Q q 0 0 0 rg BT 498.50 169.10 Td (its ) Tj ET Q q 0 0 0 rg BT 510.04 169.10 Td (share ) Tj ET Q q 0 0 0 rg BT 533.24 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.66 169.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 157.10 Td (overhead;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 139.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 139.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.35 139.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.51 139.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 179.81 139.10 Td (so ) Tj ET Q q 0 0 0 rg BT 191.19 139.10 Td (as ) Tj ET Q q 0 0 0 rg BT 202.01 139.10 Td (not ) Tj ET Q q 0 0 0 rg BT 217.27 139.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.54 139.10 Td (mislead ) Tj ET Q q 0 0 0 rg BT 261.13 139.10 Td (third ) Tj ET Q q 0 0 0 rg BT 282.50 139.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 311.65 139.10 Td (as ) Tj ET Q q 0 0 0 rg BT 322.47 139.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.73 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.44 139.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 380.48 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.29 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.00 139.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 431.26 139.10 Td (with ) Tj ET Q q 0 0 0 rg BT 451.53 139.10 Td (which ) Tj ET Q q 0 0 0 rg BT 478.45 139.10 Td (such ) Tj ET Q q 0 0 0 rg BT 499.27 139.10 Td (third ) Tj ET Q q 0 0 0 rg BT 520.64 139.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 549.79 139.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 127.10 Td (dealing, ) Tj ET Q q 0 0 0 rg BT 147.43 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.71 127.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 195.20 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.14 127.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 239.63 127.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 274.88 127.10 Td (stationery) Tj ET Q q 0 0 0 rg BT 313.67 127.10 Td (, ) Tj ET Q q 0 0 0 rg BT 318.67 127.10 Td (invoices ) Tj ET Q q 0 0 0 rg BT 354.49 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.43 127.10 Td (checks;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 109.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 109.10 Td (Except ) Tj ET Q q 0 0 0 rg BT 144.46 109.10 Td (as ) Tj ET Q q 0 0 0 rg BT 156.49 109.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 214.06 109.10 Td (by ) Tj ET Q q 0 0 0 rg BT 227.76 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.68 109.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 292.91 109.10 Td (it ) Tj ET Q q 0 0 0 rg BT 302.17 109.10 Td (enters ) Tj ET Q q 0 0 0 rg BT 329.75 109.10 Td (into ) Tj ET Q q 0 0 0 rg BT 349.00 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.48 109.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 408.05 109.10 Td (with ) Tj ET Q q 0 0 0 rg BT 429.53 109.10 Td (its ) Tj ET Q q 0 0 0 rg BT 442.68 109.10 Td (permissible ) Tj ET Q q 0 0 0 rg BT 492.48 109.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 534.78 109.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 551.64 109.10 Td ( ) Tj ET Q q 0 0 0 rg BT 555.34 109.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 97.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 156.60 97.10 Td (from ) Tj ET Q q 0 0 0 rg BT 178.54 97.10 Td (pledging ) Tj ET Q q 0 0 0 rg BT 216.04 97.10 Td (its ) Tj ET Q q 0 0 0 rg BT 227.99 97.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 253.82 97.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.98 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.69 97.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 312.96 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.79 97.10 Td (any ) Tj ET Q q 0 0 0 rg BT 340.72 97.10 Td (other ) Tj ET Q q 0 0 0 rg BT 363.77 97.10 Td (person;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 79.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 79.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 79.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.36 79.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.53 79.10 Td (required ) Tj ET Q q 0 0 0 rg BT 177.35 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.62 79.10 Td (correct ) Tj ET Q q 0 0 0 rg BT 217.88 79.10 Td (any ) Tj ET Q q 0 0 0 rg BT 234.82 79.10 Td (known ) Tj ET Q q 0 0 0 rg BT 264.54 79.10 Td (misunderstanding ) Tj ET Q q 0 0 0 rg BT 338.14 79.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 378.96 79.10 Td (its ) Tj ET Q q 0 0 0 rg BT 390.91 79.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 426.16 79.10 Td (identity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 61.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 61.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 61.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.81 61.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.42 61.10 Td (required ) Tj ET Q q 0 0 0 rg BT 181.68 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.41 61.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 232.34 61.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 271.82 61.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 302.42 61.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.14 61.10 Td (light ) Tj ET Q q 0 0 0 rg BT 336.42 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.70 61.10 Td (its ) Tj ET Q q 0 0 0 rg BT 362.09 61.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 419.91 61.10 Td (business ) Tj ET Q q 0 0 0 rg BT 457.74 61.10 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 495.85 61.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 547.56 61.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 49.10 Td (liabilities;) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.44 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.68 742.10 Td (required ) Tj ET Q q 0 0 0 rg BT 177.57 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.92 742.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 216.60 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 234.17 742.10 Td (it ) Tj ET Q q 0 0 0 rg BT 242.30 742.10 Td (does ) Tj ET Q q 0 0 0 rg BT 263.20 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 278.56 742.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 301.12 742.10 Td (into ) Tj ET Q q 0 0 0 rg BT 319.25 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 336.26 742.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 380.48 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.83 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 402.84 742.10 Td (named, ) Tj ET Q q 0 0 0 rg BT 434.57 742.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 467.69 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 478.59 742.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 516.26 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 521.34 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.24 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.26 742.10 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.83 730.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 168.54 730.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 216.01 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.84 730.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 244.90 730.10 Td (payee ) Tj ET Q q 0 0 0 rg BT 270.72 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.22 730.10 Td (any ) Tj ET Q q 0 0 0 rg BT 300.16 730.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 340.97 730.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 368.47 730.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 405.95 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.67 730.10 Td (property ) Tj ET Q q 0 0 0 rg BT 457.05 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.88 730.10 Td (any ) Tj ET Q q 0 0 0 rg BT 484.82 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 507.86 730.10 Td (person;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 712.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 712.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.61 712.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.04 712.10 Td (required ) Tj ET Q q 0 0 0 rg BT 178.10 712.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.64 712.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 217.49 712.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.24 712.10 Td (it ) Tj ET Q q 0 0 0 rg BT 243.54 712.10 Td (will ) Tj ET Q q 0 0 0 rg BT 261.85 712.10 Td (not ) Tj ET Q q 0 0 0 rg BT 277.39 712.10 Td (conceal ) Tj ET Q q 0 0 0 rg BT 310.67 712.10 Td (from ) Tj ET Q q 0 0 0 rg BT 332.86 712.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 370.60 712.10 Td (any ) Tj ET Q q 0 0 0 rg BT 387.79 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.88 712.10 Td (its ) Tj ET Q q 0 0 0 rg BT 411.08 712.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 437.16 712.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.24 712.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 493.19 712.10 Td (in ) Tj ET Q q 0 0 0 rg BT 503.72 712.10 Td (concealing ) Tj ET Q q 0 0 0 rg BT 549.79 712.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 700.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 138.83 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.66 700.10 Td (any ) Tj ET Q q 0 0 0 rg BT 166.60 700.10 Td (other ) Tj ET Q q 0 0 0 rg BT 189.65 700.10 Td (person ) Tj ET Q q 0 0 0 rg BT 218.81 700.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.64 700.10 Td (entity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 682.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 138.39 682.10 Td (board ) Tj ET Q q 0 0 0 rg BT 163.62 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.41 682.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 211.86 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 220.99 682.10 Td (required ) Tj ET Q q 0 0 0 rg BT 256.77 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.01 682.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 288.91 682.10 Td (at ) Tj ET Q q 0 0 0 rg BT 298.58 682.10 Td (least ) Tj ET Q q 0 0 0 rg BT 319.37 682.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 356.27 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.06 682.10 Td (act ) Tj ET Q q 0 0 0 rg BT 381.18 682.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 418.08 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.32 682.10 Td (written ) Tj ET Q q 0 0 0 rg BT 459.11 682.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 492.12 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.02 682.10 Td (keep ) Tj ET Q q 0 0 0 rg BT 530.36 682.10 Td (minutes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.45 670.10 Td (such ) Tj ET Q q 0 0 0 rg BT 147.89 670.10 Td (meetings ) Tj ET Q q 0 0 0 rg BT 188.11 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.67 670.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 241.61 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.17 670.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 277.03 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.14 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 291.93 670.10 Td (required ) Tj ET Q q 0 0 0 rg BT 329.36 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.26 670.10 Td (observe ) Tj ET Q q 0 0 0 rg BT 376.47 670.10 Td (all ) Tj ET Q q 0 0 0 rg BT 390.58 670.10 Td (other ) Tj ET Q q 0 0 0 rg BT 415.25 670.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 457.67 670.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 490.12 670.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 525.34 670.10 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 658.10 Td (formalities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 640.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 640.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.86 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.90 640.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.61 640.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 186.76 640.10 Td (from ) Tj ET Q q 0 0 0 rg BT 209.24 640.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 250.05 640.10 Td (any ) Tj ET Q q 0 0 0 rg BT 267.53 640.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 308.33 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.70 640.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 340.53 640.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 367.45 640.10 Td (than ) Tj ET Q q 0 0 0 rg BT 387.71 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.97 640.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 441.54 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.92 640.10 Td (other ) Tj ET Q q 0 0 0 rg BT 476.51 640.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 523.43 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.80 640.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 628.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 152.15 628.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 189.08 628.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 232.68 628.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 256.29 628.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 283.79 628.10 Td (by ) Tj ET Q q 0 0 0 rg BT 296.29 628.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 316.57 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.51 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.22 628.10 Td (related ) Tj ET Q q 0 0 0 rg BT 377.93 628.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 418.75 628.10 Td (Loans\); ) Tj ET Q q 0 0 0 rg BT 451.79 628.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 610.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 139.49 610.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 180.55 610.10 Td (of) Tj ET Q q 0 0 0 rg BT 188.70 610.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 216.97 610.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 246.09 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.10 610.10 Td (other ) Tj ET Q q 0 0 0 rg BT 288.21 610.10 Td (representatives ) Tj ET Q q 0 0 0 rg BT 351.75 610.10 Td (are ) Tj ET Q q 0 0 0 rg BT 367.53 610.10 Td (required ) Tj ET Q q 0 0 0 rg BT 404.42 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.76 610.10 Td (act ) Tj ET Q q 0 0 0 rg BT 430.99 610.10 Td (at ) Tj ET Q q 0 0 0 rg BT 441.77 610.10 Td (all ) Tj ET Q q 0 0 0 rg BT 455.34 610.10 Td (times ) Tj ET Q q 0 0 0 rg BT 480.57 610.10 Td (with ) Tj ET Q q 0 0 0 rg BT 501.92 610.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 533.81 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 545.15 610.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.01 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 598.10 Td (consistently ) Tj ET Q q 0 0 0 rg BT 163.27 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.21 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.49 598.10 Td (furtherance ) Tj ET Q q 0 0 0 rg BT 238.51 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.34 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.06 598.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 305.44 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.38 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.65 598.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 358.08 598.10 Td (best ) Tj ET Q q 0 0 0 rg BT 376.69 598.10 Td (interests.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.51 568.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 133.96 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.47 568.10 Td (described ) Tj ET Q q 0 0 0 rg BT 184.97 568.10 Td (below ) Tj ET Q q 0 0 0 rg BT 211.59 568.10 Td (under ) Tj ET Q q 0 0 0 rg BT 236.54 568.10 Td ("Information ) Tj ET Q q 0 0 0 rg BT 290.08 568.10 Td (About ) Tj ET Q q 0 0 0 rg BT 317.26 568.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 349.99 568.10 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 404.65 568.10 Td (Inc.-Relationship ) Tj ET Q q 0 0 0 rg BT 475.98 568.10 Td (with ) Tj ET Q q 0 0 0 rg BT 495.93 568.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 528.67 568.10 Td (Funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (LLC," ) Tj ET Q q 0 0 0 rg BT 77.33 556.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 96.97 556.10 Td (has ) Tj ET Q q 0 0 0 rg BT 112.16 556.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 145.67 556.10 Td (resolutions ) Tj ET Q q 0 0 0 rg BT 191.42 556.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 224.95 556.10 Td (its ) Tj ET Q q 0 0 0 rg BT 236.26 556.10 Td (own ) Tj ET Q q 0 0 0 rg BT 255.34 556.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 293.30 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.59 556.10 Td (interactions ) Tj ET Q q 0 0 0 rg BT 358.10 556.10 Td (with ) Tj ET Q q 0 0 0 rg BT 377.74 556.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 394.60 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 396.46 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.10 556.10 Td (order ) Tj ET Q q 0 0 0 rg BT 429.06 556.10 Td (further ) Tj ET Q q 0 0 0 rg BT 458.12 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.76 556.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 507.39 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.47 556.10 Td (likelihood ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 544.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 84.36 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.86 544.10 Td (would ) Tj ET Q q 0 0 0 rg BT 114.36 544.10 Td (be ) Tj ET Q q 0 0 0 rg BT 126.29 544.10 Td (substantively ) Tj ET Q q 0 0 0 rg BT 181.57 544.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 234.61 544.10 Td (with ) Tj ET Q q 0 0 0 rg BT 254.89 544.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 275.17 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.45 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.17 544.10 Td (event ) Tj ET Q q 0 0 0 rg BT 324.32 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.15 544.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 361.13 544.10 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 405.46 544.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (Substantive ) Tj ET Q q 0 0 0 rg BT 135.90 514.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 193.02 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.93 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 210.60 514.10 Td (judicially ) Tj ET Q q 0 0 0 rg BT 251.61 514.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 295.94 514.10 Td (equitable ) Tj ET Q q 0 0 0 rg BT 335.82 514.10 Td (doctrine ) Tj ET Q q 0 0 0 rg BT 371.82 514.10 Td (that ) Tj ET Q q 0 0 0 rg BT 390.05 514.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 423.29 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.96 514.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 479.18 514.10 Td (court, ) Tj ET Q q 0 0 0 rg BT 505.46 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.48 514.10 Td (appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 112.33 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.29 502.10 Td (disregard ) Tj ET Q q 0 0 0 rg BT 163.68 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.08 502.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 201.70 502.10 Td (separateness ) Tj ET Q q 0 0 0 rg BT 254.86 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.38 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 274.00 502.10 Td (debtor ) Tj ET Q q 0 0 0 rg BT 302.73 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.36 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 327.98 502.10 Td (related ) Tj ET Q q 0 0 0 rg BT 358.37 502.10 Td (entity) Tj ET Q q 0 0 0 rg BT 380.49 502.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.18 502.10 Td (which ) Tj ET Q q 0 0 0 rg BT 413.80 502.10 Td (may ) Tj ET Q q 0 0 0 rg BT 434.20 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 445.72 502.10 Td (may ) Tj ET Q q 0 0 0 rg BT 466.12 502.10 Td (not ) Tj ET Q q 0 0 0 rg BT 482.08 502.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 505.26 502.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.89 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.51 502.10 Td (debtor ) Tj ET Q q 0 0 0 rg BT 554.24 502.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 94.34 490.10 Td (, ) Tj ET Q q 0 0 0 rg BT 99.39 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.38 490.10 Td (mer) Tj ET Q q 0 0 0 rg BT 131.75 490.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 143.74 490.10 Td (their ) Tj ET Q q 0 0 0 rg BT 164.62 490.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 207.70 490.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 233.58 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.57 490.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 290.34 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.56 490.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 352.09 490.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 392.70 490.10 Td (Substantive ) Tj ET Q q 0 0 0 rg BT 441.92 490.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 498.35 490.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 535.89 490.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.85 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.14 478.10 Td (pooling ) Tj ET Q q 0 0 0 rg BT 106.77 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.17 478.10 Td (all ) Tj ET Q q 0 0 0 rg BT 129.24 478.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 154.64 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.15 478.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 210.44 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.84 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.13 478.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 266.08 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.93 478.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.44 478.10 Td (consolidated, ) Tj ET Q q 0 0 0 rg BT 342.55 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.84 478.10 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 404.46 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.86 478.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 454.15 478.10 Td (from ) Tj ET Q q 0 0 0 rg BT 475.66 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.95 478.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 527.01 478.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 71.63 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.25 466.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 112.38 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.11 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.63 466.10 Td (elimination ) Tj ET Q q 0 0 0 rg BT 194.47 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.09 466.10 Td (all ) Tj ET Q q 0 0 0 rg BT 219.38 466.10 Td (duplicate ) Tj ET Q q 0 0 0 rg BT 259.33 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.07 466.10 Td (inter) Tj ET Q q 0 0 0 rg BT 295.19 466.10 Td (-entity ) Tj ET Q q 0 0 0 rg BT 324.59 466.10 Td (claims. ) Tj ET Q q 0 0 0 rg BT 356.25 466.10 Td (While ) Tj ET Q q 0 0 0 rg BT 383.98 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.49 466.10 Td (formulation ) Tj ET Q q 0 0 0 rg BT 450.00 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 464.96 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.47 466.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 517.64 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.72 466.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 554.23 466.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 100.67 454.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 135.22 454.10 Td (two ) Tj ET Q q 0 0 0 rg BT 152.57 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 163.25 454.10 Td (more ) Tj ET Q q 0 0 0 rg BT 186.14 454.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 217.37 454.10 Td (should ) Tj ET Q q 0 0 0 rg BT 246.39 454.10 Td (be ) Tj ET Q q 0 0 0 rg BT 258.18 454.10 Td (substantively ) Tj ET Q q 0 0 0 rg BT 313.30 454.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 366.19 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 376.31 454.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 423.65 454.10 Td (has ) Tj ET Q q 0 0 0 rg BT 439.32 454.10 Td (varied ) Tj ET Q q 0 0 0 rg BT 466.66 454.10 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 509.55 454.10 Td (as ) Tj ET Q q 0 0 0 rg BT 520.23 454.10 Td (among ) Tj ET Q q 0 0 0 rg BT 549.79 454.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 442.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 86.74 442.10 Td (courts ) Tj ET Q q 0 0 0 rg BT 113.68 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 131.18 442.10 Td (have ) Tj ET Q q 0 0 0 rg BT 152.55 442.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 198.37 442.10 Td (such ) Tj ET Q q 0 0 0 rg BT 219.20 442.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 245.30 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.01 442.10 Td (three ) Tj ET Q q 0 0 0 rg BT 282.50 442.10 Td (most ) Tj ET Q q 0 0 0 rg BT 304.45 442.10 Td (commonly ) Tj ET Q q 0 0 0 rg BT 349.72 442.10 Td (cited ) Tj ET Q q 0 0 0 rg BT 371.66 442.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 391.93 442.10 Td (are ) Tj ET Q q 0 0 0 rg BT 406.64 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 417.47 442.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 406.10 Td (The ) Tj ET Q q 0 0 0 rg BT 130.23 406.10 Td (proponent ) Tj ET Q q 0 0 0 rg BT 172.46 406.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 204.69 406.10 Td (substantive ) Tj ET Q q 0 0 0 rg BT 251.37 406.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 306.94 406.10 Td (must ) Tj ET Q q 0 0 0 rg BT 328.07 406.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 364.75 406.10 Td (either ) Tj ET Q q 0 0 0 rg BT 389.20 406.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 402.55 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.45 406.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 447.01 406.10 Td (pre-petition ) Tj ET Q q 0 0 0 rg BT 495.35 406.10 Td (disregarded ) Tj ET Q q 0 0 0 rg BT 543.68 406.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 394.10 Td (separateness ) Tj ET Q q 0 0 0 rg BT 165.15 394.10 Td (so ) Tj ET Q q 0 0 0 rg BT 176.21 394.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 228.38 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 245.54 394.10 Td (their ) Tj ET Q q 0 0 0 rg BT 266.04 394.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 303.20 394.10 Td (relied ) Tj ET Q q 0 0 0 rg BT 328.14 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.31 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.70 394.10 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 401.30 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.80 394.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 436.75 394.10 Td (borders ) Tj ET Q q 0 0 0 rg BT 468.91 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.52 394.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 514.90 394.10 Td (them ) Tj ET Q q 0 0 0 rg BT 537.07 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 547.57 394.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 382.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 135.03 382.10 Td (entity) Tj ET Q q 0 0 0 rg BT 157.15 382.10 Td (, ) Tj ET Q q 0 0 0 rg BT 162.25 382.10 Td (or ) Tj ET Q q 0 0 0 rg BT 173.18 382.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 187.43 382.10 Td (post-petition ) Tj ET Q q 0 0 0 rg BT 240.58 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 258.17 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.99 382.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 298.92 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.95 382.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 355.76 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.69 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.50 382.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 412.98 382.10 Td (are ) Tj ET Q q 0 0 0 rg BT 427.79 382.10 Td (so ) Tj ET Q q 0 0 0 rg BT 439.27 382.10 Td (entangled ) Tj ET Q q 0 0 0 rg BT 480.74 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 498.33 382.10 Td (separating ) Tj ET Q q 0 0 0 rg BT 542.03 382.10 Td (them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 370.10 Td (is ) Tj ET Q q 0 0 0 rg BT 122.17 370.10 Td (prohibitive ) Tj ET Q q 0 0 0 rg BT 168.55 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.49 370.10 Td (hurts ) Tj ET Q q 0 0 0 rg BT 207.99 370.10 Td (all ) Tj ET Q q 0 0 0 rg BT 220.49 370.10 Td (creditors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 352.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 352.10 Td (The ) Tj ET Q q 0 0 0 rg BT 131.45 352.10 Td (court ) Tj ET Q q 0 0 0 rg BT 154.91 352.10 Td (must ) Tj ET Q q 0 0 0 rg BT 177.27 352.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 220.15 352.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 234.72 352.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 269.84 352.10 Td (all ) Tj ET Q q 0 0 0 rg BT 282.74 352.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 320.63 352.10 Td (dealt ) Tj ET Q q 0 0 0 rg BT 342.97 352.10 Td (with ) Tj ET Q q 0 0 0 rg BT 363.66 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.78 352.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 410.57 352.10 Td (as ) Tj ET Q q 0 0 0 rg BT 421.81 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 429.16 352.10 Td (single ) Tj ET Q q 0 0 0 rg BT 455.95 352.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 497.73 352.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 516.20 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.54 352.10 Td (did ) Tj ET Q q 0 0 0 rg BT 549.23 352.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 340.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 130.68 340.10 Td (on ) Tj ET Q q 0 0 0 rg BT 142.81 340.10 Td (their ) Tj ET Q q 0 0 0 rg BT 163.27 340.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 198.16 340.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 230.85 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.76 340.10 Td (extending ) Tj ET Q q 0 0 0 rg BT 282.33 340.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 307.22 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 317.69 340.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 331.48 340.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 365.82 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.17 340.10 Td (af) Tj ET Q q 0 0 0 rg BT 387.76 340.10 Td (fairs ) Tj ET Q q 0 0 0 rg BT 407.66 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.13 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.48 340.10 Td (two ) Tj ET Q q 0 0 0 rg BT 449.61 340.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 480.63 340.10 Td (are ) Tj ET Q q 0 0 0 rg BT 494.97 340.10 Td (so ) Tj ET Q q 0 0 0 rg BT 505.99 340.10 Td (entangled ) Tj ET Q q 0 0 0 rg BT 547.00 340.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 328.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 169.38 328.10 Td (will ) Tj ET Q q 0 0 0 rg BT 187.44 328.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 217.70 328.10 Td (all ) Tj ET Q q 0 0 0 rg BT 230.20 328.10 Td (creditors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 131.13 310.10 Td (proponent ) Tj ET Q q 0 0 0 rg BT 174.26 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.18 310.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 241.64 310.10 Td (must ) Tj ET Q q 0 0 0 rg BT 263.68 310.10 Td (make ) Tj ET Q q 0 0 0 rg BT 287.92 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.94 310.10 Td (prima ) Tj ET Q q 0 0 0 rg BT 320.85 310.10 Td (facie ) Tj ET Q q 0 0 0 rg BT 342.86 310.10 Td (case ) Tj ET Q q 0 0 0 rg BT 362.65 310.10 Td (demonstrating ) Tj ET Q q 0 0 0 rg BT 422.44 310.10 Td (that ) Tj ET Q q 0 0 0 rg BT 440.02 310.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 454.27 310.10 Td (there ) Tj ET Q q 0 0 0 rg BT 476.84 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 486.09 310.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 531.45 310.10 Td (identity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 298.10 Td (between ) Tj ET Q q 0 0 0 rg BT 148.86 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.62 298.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 195.05 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.37 298.10 Td (be ) Tj ET Q q 0 0 0 rg BT 217.36 298.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 270.45 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.43 298.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 301.63 298.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 358.06 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 367.28 298.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 408.69 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.01 298.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 443.78 298.10 Td (some ) Tj ET Q q 0 0 0 rg BT 467.43 298.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 490.52 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.40 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.72 298.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 540.91 298.10 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 286.10 Td (benefit. ) Tj ET Q q 0 0 0 rg BT 145.53 286.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 168.90 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.38 286.10 Td (proponent ) Tj ET Q q 0 0 0 rg BT 226.20 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 240.13 286.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 296.28 286.10 Td (has ) Tj ET Q q 0 0 0 rg BT 311.87 286.10 Td (made ) Tj ET Q q 0 0 0 rg BT 335.80 286.10 Td (this ) Tj ET Q q 0 0 0 rg BT 352.51 286.10 Td (showing, ) Tj ET Q q 0 0 0 rg BT 391.17 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.66 286.10 Td (burden ) Tj ET Q q 0 0 0 rg BT 435.70 286.10 Td (shifts ) Tj ET Q q 0 0 0 rg BT 459.63 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.68 286.10 Td (an ) Tj ET Q q 0 0 0 rg BT 481.39 286.10 Td (objecting ) Tj ET Q q 0 0 0 rg BT 520.87 286.10 Td (creditor ) Tj ET Q q 0 0 0 rg BT 554.23 286.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 274.10 Td (show ) Tj ET Q q 0 0 0 rg BT 135.98 274.10 Td (that ) Tj ET Q q 0 0 0 rg BT 152.85 274.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 166.38 274.10 Td (it ) Tj ET Q q 0 0 0 rg BT 173.81 274.10 Td (has ) Tj ET Q q 0 0 0 rg BT 189.01 274.10 Td (relied ) Tj ET Q q 0 0 0 rg BT 213.65 274.10 Td (on ) Tj ET Q q 0 0 0 rg BT 225.52 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.61 274.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 274.23 274.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 298.87 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.07 274.10 Td (one ) Tj ET Q q 0 0 0 rg BT 325.38 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.58 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.67 274.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 380.42 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.07 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 401.38 274.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 453.80 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.11 274.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 483.64 274.10 Td (it ) Tj ET Q q 0 0 0 rg BT 491.07 274.10 Td (will ) Tj ET Q q 0 0 0 rg BT 508.50 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 519.81 274.10 Td (prejudiced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 262.10 Td (by ) Tj ET Q q 0 0 0 rg BT 125.50 262.10 Td (substantive ) Tj ET Q q 0 0 0 rg BT 173.00 262.10 Td (consolidation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 232.10 Td (Adherence ) Tj ET Q q 0 0 0 rg BT 131.62 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.72 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.25 232.10 Td (separateness ) Tj ET Q q 0 0 0 rg BT 208.54 232.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 250.85 232.10 Td (by ) Tj ET Q q 0 0 0 rg BT 263.16 232.10 Td (both ) Tj ET Q q 0 0 0 rg BT 283.26 232.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 300.12 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.44 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.19 232.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 339.29 232.10 Td (should ) Tj ET Q q 0 0 0 rg BT 368.28 232.10 Td (negate ) Tj ET Q q 0 0 0 rg BT 396.69 232.10 Td (any ) Tj ET Q q 0 0 0 rg BT 413.44 232.10 Td (ar) Tj ET Q q 0 0 0 rg BT 421.03 232.10 Td (gument ) Tj ET Q q 0 0 0 rg BT 453.34 232.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.66 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.19 232.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 528.04 232.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 553.69 232.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.29 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.16 220.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 109.37 220.10 Td (are ) Tj ET Q q 0 0 0 rg BT 125.01 220.10 Td (impermissibly ) Tj ET Q q 0 0 0 rg BT 185.66 220.10 Td (entangled ) Tj ET Q q 0 0 0 rg BT 227.96 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 239.72 220.10 Td (impossible ) Tj ET Q q 0 0 0 rg BT 286.49 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.70 220.10 Td (separate. ) Tj ET Q q 0 0 0 rg BT 336.38 220.10 Td (It ) Tj ET Q q 0 0 0 rg BT 345.92 220.10 Td (should ) Tj ET Q q 0 0 0 rg BT 376.02 220.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.89 220.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 420.08 220.10 Td (dif) Tj ET Q q 0 0 0 rg BT 431.01 220.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 455.54 220.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 472.30 220.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 499.62 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.83 220.10 Td (ascertain ) Tj ET Q q 0 0 0 rg BT 549.79 220.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 93.03 208.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 118.86 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.80 208.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 175.52 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.35 208.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 203.21 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.71 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.65 208.10 Td (PMI.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 178.10 Td (Similarly) Tj ET Q q 0 0 0 rg BT 122.57 178.10 Td (, ) Tj ET Q q 0 0 0 rg BT 128.05 178.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 166.02 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.33 178.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 198.09 178.10 Td (should ) Tj ET Q q 0 0 0 rg BT 227.75 178.10 Td (not ) Tj ET Q q 0 0 0 rg BT 243.50 178.10 Td (be ) Tj ET Q q 0 0 0 rg BT 255.92 178.10 Td (able ) Tj ET Q q 0 0 0 rg BT 275.56 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.32 178.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 338.17 178.10 Td (that ) Tj ET Q q 0 0 0 rg BT 356.15 178.10 Td (they ) Tj ET Q q 0 0 0 rg BT 376.35 178.10 Td (dealt ) Tj ET Q q 0 0 0 rg BT 398.76 178.10 Td (with ) Tj ET Q q 0 0 0 rg BT 419.52 178.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 440.28 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.70 178.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 474.56 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.55 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 488.86 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.28 178.10 Td (single ) Tj ET Q q 0 0 0 rg BT 523.14 178.10 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 70.59 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.57 166.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 125.09 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.96 166.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 152.82 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.35 166.10 Td (are ) Tj ET Q q 0 0 0 rg BT 170.10 166.10 Td (not ) Tj ET Q q 0 0 0 rg BT 185.41 166.10 Td (relying ) Tj ET Q q 0 0 0 rg BT 216.27 166.10 Td (on ) Tj ET Q q 0 0 0 rg BT 228.81 166.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 249.13 166.10 Td (for ) Tj ET Q q 0 0 0 rg BT 263.33 166.10 Td (either ) Tj ET Q q 0 0 0 rg BT 288.63 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.38 166.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 340.35 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.22 166.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 376.68 166.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 402.55 166.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.41 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.17 166.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 481.23 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.09 166.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 517.55 166.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.53 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.50 154.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 135.80 154.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 152.66 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.42 154.10 Td (enters ) Tj ET Q q 0 0 0 rg BT 180.05 154.10 Td (into ) Tj ET Q q 0 0 0 rg BT 197.37 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.90 154.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 252.54 154.10 Td (with ) Tj ET Q q 0 0 0 rg BT 272.07 154.10 Td (its ) Tj ET Q q 0 0 0 rg BT 283.28 154.10 Td (permissible ) Tj ET Q q 0 0 0 rg BT 331.14 154.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 369.00 154.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 394.64 154.10 Td (than ) Tj ET Q q 0 0 0 rg BT 413.61 154.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 438.85 154.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 493.63 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 507.05 154.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 531.74 154.10 Td (benefit, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.97 142.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 87.09 142.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 134.18 142.10 Td (under ) Tj ET Q q 0 0 0 rg BT 159.59 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.87 142.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 236.48 142.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 286.05 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.13 142.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 329.26 142.10 Td (own ) Tj ET Q q 0 0 0 rg BT 349.12 142.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 415.08 142.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 462.17 142.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 496.45 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.87 142.10 Td (below\). ) Tj ET Q q 0 0 0 rg BT 539.78 142.10 Td (Upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 116.72 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.46 130.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 154.80 130.10 Td (of) Tj ET Q q 0 0 0 rg BT 162.95 130.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 190.24 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.98 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.61 130.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 246.86 130.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 261.93 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.56 130.10 Td (website ) Tj ET Q q 0 0 0 rg BT 311.52 130.10 Td (through ) Tj ET Q q 0 0 0 rg BT 346.04 130.10 Td (which ) Tj ET Q q 0 0 0 rg BT 373.89 130.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 395.09 130.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 440.72 130.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 478.55 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.18 130.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 546.46 130.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 89.20 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.08 118.10 Td (clearly ) Tj ET Q q 0 0 0 rg BT 130.39 118.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 165.14 118.10 Td (that ) Tj ET Q q 0 0 0 rg BT 183.23 118.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 226.88 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.41 118.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 283.62 118.10 Td (are ) Tj ET Q q 0 0 0 rg BT 298.93 118.10 Td (dealing ) Tj ET Q q 0 0 0 rg BT 331.46 118.10 Td (with ) Tj ET Q q 0 0 0 rg BT 352.34 118.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 369.20 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.30 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.84 118.10 Td (not ) Tj ET Q q 0 0 0 rg BT 405.72 118.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 429.11 118.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 443.87 118.10 Td (all ) Tj ET Q q 0 0 0 rg BT 456.96 118.10 Td (new ) Tj ET Q q 0 0 0 rg BT 476.72 118.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 516.47 118.10 Td (registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 97.90 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.71 106.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 149.29 106.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 197.20 106.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 245.10 106.10 Td (are ) Tj ET Q q 0 0 0 rg BT 259.67 106.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 291.46 106.10 Td (into ) Tj ET Q q 0 0 0 rg BT 309.39 106.10 Td (with ) Tj ET Q q 0 0 0 rg BT 329.53 106.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 346.39 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.76 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.57 106.10 Td (not ) Tj ET Q q 0 0 0 rg BT 380.71 106.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 400.86 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.67 106.10 Td (clearly ) Tj ET Q q 0 0 0 rg BT 447.24 106.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 481.25 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 498.62 106.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 515.48 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 517.84 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 526.88 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 106.10 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.86 94.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 98.93 94.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 138.66 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.18 94.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 195.36 94.10 Td (are ) Tj ET Q q 0 0 0 rg BT 210.65 94.10 Td (transacting, ) Tj ET Q q 0 0 0 rg BT 260.10 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.61 94.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 292.35 94.10 Td (all ) Tj ET Q q 0 0 0 rg BT 305.42 94.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 354.03 94.10 Td (with ) Tj ET Q q 0 0 0 rg BT 374.89 94.10 Td (third ) Tj ET Q q 0 0 0 rg BT 396.85 94.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 426.59 94.10 Td (\(such ) Tj ET Q q 0 0 0 rg BT 451.33 94.10 Td (as ) Tj ET Q q 0 0 0 rg BT 462.51 94.10 Td (W) Tj ET Q q 0 0 0 rg BT 471.15 94.10 Td (ebBank ) Tj ET Q q 0 0 0 rg BT 504.77 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.29 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.81 94.10 Td (back-up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (servicer\) ) Tj ET Q q 0 0 0 rg BT 87.03 82.10 Td (have ) Tj ET Q q 0 0 0 rg BT 107.97 82.10 Td (been ) Tj ET Q q 0 0 0 rg BT 128.90 82.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 167.07 82.10 Td (such ) Tj ET Q q 0 0 0 rg BT 187.45 82.10 Td (that ) Tj ET Q q 0 0 0 rg BT 204.51 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.78 82.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 243.62 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.11 82.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 306.62 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.00 82.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 336.85 82.10 Td (under ) Tj ET Q q 0 0 0 rg BT 361.67 82.10 Td (such ) Tj ET Q q 0 0 0 rg BT 382.06 82.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 432.15 82.10 Td (formerly ) Tj ET Q q 0 0 0 rg BT 469.19 82.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 512.34 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.18 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.45 82.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (when ) Tj ET Q q 0 0 0 rg BT 74.18 70.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 94.48 70.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 131.42 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.16 70.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 200.03 70.10 Td (have ) Tj ET Q q 0 0 0 rg BT 221.43 70.10 Td (been ) Tj ET Q q 0 0 0 rg BT 242.83 70.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 279.78 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.08 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.04 70.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 343.99 70.10 Td (by ) Tj ET Q q 0 0 0 rg BT 356.51 70.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 373.37 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.89 70.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 402.29 70.10 Td (than ) Tj ET Q q 0 0 0 rg BT 422.02 70.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 451.74 70.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 517.58 70.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.11 58.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 83.55 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.22 58.10 Td (third ) Tj ET Q q 0 0 0 rg BT 115.44 58.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 144.43 58.10 Td (that ) Tj ET Q q 0 0 0 rg BT 161.76 58.10 Td (will ) Tj ET Q q 0 0 0 rg BT 179.66 58.10 Td (be ) Tj ET Q q 0 0 0 rg BT 191.43 58.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 225.97 58.10 Td (by ) Tj ET Q q 0 0 0 rg BT 238.31 58.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 260.93 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.70 58.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.24 58.10 Td (other ) Tj ET Q q 0 0 0 rg BT 330.12 58.10 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 389.11 58.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 433.12 58.10 Td (which ) Tj ET Q q 0 0 0 rg BT 459.89 58.10 Td (should ) Tj ET Q q 0 0 0 rg BT 488.90 58.10 Td (not ) Tj ET Q q 0 0 0 rg BT 504.01 58.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 534.12 58.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 554.24 58.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.48 46.10 Td (liability\).) Tj ET Q endstream endobj 195 0 obj <> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 727.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 135.34 727.10 Td (, ) Tj ET Q q 0 0 0 rg BT 139.35 727.10 Td (all ) Tj ET Q q 0 0 0 rg BT 150.86 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.71 727.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 185.15 727.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 221.65 727.10 Td (should ) Tj ET Q q 0 0 0 rg BT 249.84 727.10 Td (clearly ) Tj ET Q q 0 0 0 rg BT 278.56 727.10 Td (understand ) Tj ET Q q 0 0 0 rg BT 323.95 727.10 Td (that ) Tj ET Q q 0 0 0 rg BT 340.46 727.10 Td (they ) Tj ET Q q 0 0 0 rg BT 359.19 727.10 Td (are ) Tj ET Q q 0 0 0 rg BT 372.92 727.10 Td (looking ) Tj ET Q q 0 0 0 rg BT 404.99 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.28 727.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 431.14 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.66 727.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.84 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.57 727.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 495.52 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.47 727.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.36 715.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 87.31 715.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 134.78 715.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.59 715.10 Td (them, ) Tj ET Q q 0 0 0 rg BT 171.11 715.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.57 715.10 Td (that ) Tj ET Q q 0 0 0 rg BT 206.60 715.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 227.41 715.10 Td (is ) Tj ET Q q 0 0 0 rg BT 237.10 715.10 Td (not ) Tj ET Q q 0 0 0 rg BT 252.91 715.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 278.15 715.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.96 715.10 Td (them ) Tj ET Q q 0 0 0 rg BT 311.98 715.10 Td (for ) Tj ET Q q 0 0 0 rg BT 326.67 715.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 352.62 715.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 402.59 715.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 419.45 715.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.48 715.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.94 715.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 460.75 715.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 492.65 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.90 715.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 553.68 715.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.57 703.10 Td (will ) Tj ET Q q 0 0 0 rg BT 93.36 703.10 Td (clearly ) Tj ET Q q 0 0 0 rg BT 122.79 703.10 Td (be ) Tj ET Q q 0 0 0 rg BT 134.47 703.10 Td (relying ) Tj ET Q q 0 0 0 rg BT 165.03 703.10 Td (on ) Tj ET Q q 0 0 0 rg BT 177.26 703.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 194.13 703.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.36 703.10 Td (being ) Tj ET Q q 0 0 0 rg BT 220.81 703.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.49 703.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 249.16 703.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 274.16 703.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 309.15 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.83 703.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 357.51 703.10 Td (from ) Tj ET Q q 0 0 0 rg BT 379.18 703.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 399.20 703.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.21 703.10 Td (making ) Tj ET Q q 0 0 0 rg BT 441.44 703.10 Td (their ) Tj ET Q q 0 0 0 rg BT 462.00 703.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 508.12 703.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 547.57 703.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.11 691.10 Td (be ) Tj ET Q q 0 0 0 rg BT 88.67 691.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 131.32 691.10 Td (prejudiced ) Tj ET Q q 0 0 0 rg BT 175.63 691.10 Td (if ) Tj ET Q q 0 0 0 rg BT 183.85 691.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 200.71 691.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.83 691.10 Td (were ) Tj ET Q q 0 0 0 rg BT 224.37 691.10 Td (substantively ) Tj ET Q q 0 0 0 rg BT 279.25 691.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 331.91 691.10 Td (with ) Tj ET Q q 0 0 0 rg BT 351.80 691.10 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 374.20 691.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 397.41 691.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 414.27 691.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.38 691.10 Td (commences ) Tj ET Q q 0 0 0 rg BT 465.70 691.10 Td (its ) Tj ET Q q 0 0 0 rg BT 477.26 691.10 Td (of) Tj ET Q q 0 0 0 rg BT 485.41 691.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 511.40 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.84 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.17 691.10 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 70.07 679.10 Td (will ) Tj ET Q q 0 0 0 rg BT 87.92 679.10 Td (no ) Tj ET Q q 0 0 0 rg BT 100.21 679.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 128.05 679.10 Td (be ) Tj ET Q q 0 0 0 rg BT 139.78 679.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 179.28 679.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.35 679.10 Td (third ) Tj ET Q q 0 0 0 rg BT 210.52 679.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 239.47 679.10 Td (under ) Tj ET Q q 0 0 0 rg BT 264.53 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.03 679.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 326.86 679.10 Td (related ) Tj ET Q q 0 0 0 rg BT 356.35 679.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.42 679.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 406.47 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.98 679.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 472.12 679.10 Td (except ) Tj ET Q q 0 0 0 rg BT 500.51 679.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.13 679.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 535.63 679.10 Td (above. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (There ) Tj ET Q q 0 0 0 rg BT 75.61 667.10 Td (should ) Tj ET Q q 0 0 0 rg BT 104.58 667.10 Td (not ) Tj ET Q q 0 0 0 rg BT 119.66 667.10 Td (be ) Tj ET Q q 0 0 0 rg BT 131.40 667.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 168.68 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.31 667.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 199.39 667.10 Td (who ) Tj ET Q q 0 0 0 rg BT 218.91 667.10 Td (would ) Tj ET Q q 0 0 0 rg BT 246.21 667.10 Td (be ) Tj ET Q q 0 0 0 rg BT 257.95 667.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 301.35 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.42 667.10 Td (ar) Tj ET Q q 0 0 0 rg BT 319.01 667.10 Td (guing ) Tj ET Q q 0 0 0 rg BT 344.09 667.10 Td (that ) Tj ET Q q 0 0 0 rg BT 361.38 667.10 Td (they ) Tj ET Q q 0 0 0 rg BT 380.90 667.10 Td (relied ) Tj ET Q q 0 0 0 rg BT 405.96 667.10 Td (on ) Tj ET Q q 0 0 0 rg BT 418.26 667.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 443.48 667.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 469.11 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.85 667.10 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 554.24 667.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (extending ) Tj ET Q q 0 0 0 rg BT 92.58 655.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 118.48 655.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.40 655.10 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 152.83 655.10 Td (Finally) Tj ET Q q 0 0 0 rg BT 180.51 655.10 Td (, ) Tj ET Q q 0 0 0 rg BT 186.15 655.10 Td (all ) Tj ET Q q 0 0 0 rg BT 199.29 655.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 234.64 655.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 257.21 655.10 Td (formalities ) Tj ET Q q 0 0 0 rg BT 303.67 655.10 Td (required ) Tj ET Q q 0 0 0 rg BT 340.13 655.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.05 655.10 Td (support ) Tj ET Q q 0 0 0 rg BT 384.19 655.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 410.26 655.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 432.84 655.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 473.18 655.10 Td (as ) Tj ET Q q 0 0 0 rg BT 484.65 655.10 Td (a ) Tj ET Q q 0 0 0 rg BT 492.23 655.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 533.68 655.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 84.65 643.10 Td (company ) Tj ET Q q 0 0 0 rg BT 124.85 643.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 161.15 643.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.13 643.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 212.11 643.10 Td (from ) Tj ET Q q 0 0 0 rg BT 235.09 643.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 256.42 643.10 Td (will ) Tj ET Q q 0 0 0 rg BT 275.52 643.10 Td (be ) Tj ET Q q 0 0 0 rg BT 288.50 643.10 Td (strictly ) Tj ET Q q 0 0 0 rg BT 319.81 643.10 Td (observed. ) Tj ET Q q 0 0 0 rg BT 361.96 643.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 394.93 643.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 435.67 643.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.65 643.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 502.73 643.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 538.47 643.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 643.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 106.29 631.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 158.95 631.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.53 631.10 Td (use ) Tj ET Q q 0 0 0 rg BT 191.00 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.46 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.82 631.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 269.31 631.10 Td (including ) Tj ET Q q 0 0 0 rg BT 309.23 631.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.14 631.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 351.82 631.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.74 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.09 631.10 Td (origination, ) Tj ET Q q 0 0 0 rg BT 424.61 631.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 457.86 631.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.43 631.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 513.23 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.69 631.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 79.53 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.56 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.37 619.10 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 150.34 619.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 184.04 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.07 619.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 238.10 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.02 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.83 619.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 292.26 619.10 Td (were ) Tj ET Q q 0 0 0 rg BT 314.28 619.10 Td (not ) Tj ET Q q 0 0 0 rg BT 329.65 619.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 375.55 619.10 Td (or ) Tj ET Q q 0 0 0 rg BT 386.47 619.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 423.50 619.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.87 619.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 450.73 619.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.33 619.10 Td (by ) Tj ET Q q 0 0 0 rg BT 465.92 619.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 486.29 619.10 Td (as ) Tj ET Q q 0 0 0 rg BT 497.22 619.10 Td (described ) Tj ET Q q 0 0 0 rg BT 538.13 619.10 Td (above ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.81 607.10 Td ("Information ) Tj ET Q q 0 0 0 rg BT 130.03 607.10 Td (About ) Tj ET Q q 0 0 0 rg BT 158.08 607.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 191.67 607.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 228.06 607.10 Td (LLC- ) Tj ET Q q 0 0 0 rg BT 253.32 607.10 Td (Overview) Tj ET Q q 0 0 0 rg BT 292.10 607.10 Td (." ) Tj ET Q q 0 0 0 rg BT 301.05 607.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 341.87 607.10 Td (such ) Tj ET Q q 0 0 0 rg BT 363.25 607.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 401.83 607.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.21 607.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 453.45 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.93 607.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 519.51 607.10 Td (should ) Tj ET Q q 0 0 0 rg BT 549.23 607.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 70.51 595.10 Td (on ) Tj ET Q q 0 0 0 rg BT 83.81 595.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.54 595.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 139.83 595.10 Td (court's ) Tj ET Q q 0 0 0 rg BT 169.37 595.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 204.89 595.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.52 595.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.03 595.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 254.77 595.10 Td (separateness ) Tj ET Q q 0 0 0 rg BT 308.04 595.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.67 595.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 340.75 595.10 Td (and ) Tj 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 235.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 78.61 220.10 Td (Duties ) Tj ET Q q 0 0 0 rg BT 108.33 220.10 Td (Under) Tj ET Q q 0 0 0 rg BT 135.37 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.87 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.15 220.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 220.66 220.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 237.14 220.10 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 190.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 105.86 190.10 Td (is ) Tj ET Q q 0 0 0 rg BT 114.61 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.12 190.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 161.51 190.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 209.68 190.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 237.31 190.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 274.93 190.10 Td (of) Tj ET Q q 0 0 0 rg BT 283.08 190.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 300.14 190.10 Td (is ) Tj ET Q q 0 0 0 rg BT 308.89 190.10 Td (located ) Tj ET Q q 0 0 0 rg BT 339.84 190.10 Td (at ) Tj ET Q q 0 0 0 rg BT 349.13 190.10 Td (221 ) Tj ET Q q 0 0 0 rg BT 366.21 190.10 Td (Main ) Tj ET Q q 0 0 0 rg BT 389.40 190.10 Td (Street, ) Tj ET Q q 0 0 0 rg BT 417.30 190.10 Td (3rd ) Tj ET Q q 0 0 0 rg BT 432.71 190.10 Td (Floor) Tj ET Q q 0 0 0 rg BT 453.98 190.10 Td (, ) Tj ET Q q 0 0 0 rg BT 458.55 190.10 Td (San ) Tj ET Q q 0 0 0 rg BT 475.63 190.10 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 519.09 190.10 Td (CA) Tj ET Q q 0 0 0 rg BT 532.43 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.50 190.10 Td (94105. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.65 178.10 Td (has ) Tj ET Q q 0 0 0 rg BT 83.76 178.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 114.97 178.10 Td (into ) Tj ET Q q 0 0 0 rg BT 132.32 178.10 Td (an ) Tj ET Q q 0 0 0 rg BT 143.15 178.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 205.09 178.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 251.30 178.10 Td (with ) Tj ET Q q 0 0 0 rg BT 270.86 178.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 292.93 178.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 329.16 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.72 178.10 Td (which ) Tj ET Q q 0 0 0 rg BT 364.95 178.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 381.81 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.59 178.10 Td (has ) Tj ET Q q 0 0 0 rg BT 398.71 178.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 433.81 178.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 453.38 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.94 178.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 495.28 178.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 524.27 178.10 Td (corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 110.04 166.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 147.01 166.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 198.13 166.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 258.17 166.10 Td (services ) Tj ET Q q 0 0 0 rg BT 292.64 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.35 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.40 166.10 Td (service ) Tj ET Q q 0 0 0 rg BT 349.98 166.10 Td (all ) Tj ET Q q 0 0 0 rg BT 362.24 166.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 402.83 166.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 429.53 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.24 166.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 474.17 166.10 Td (This ) Tj ET Q q 0 0 0 rg BT 494.22 166.10 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 539.25 166.10 Td (refers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.04 154.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 82.08 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.13 154.10 Td (its ) Tj ET Q q 0 0 0 rg BT 105.83 154.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 141.85 154.10 Td (capacities ) Tj ET Q q 0 0 0 rg BT 184.53 154.10 Td (under ) Tj ET Q q 0 0 0 rg BT 210.56 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.32 154.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 288.41 154.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 336.10 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 347.69 154.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 383.73 154.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 396.43 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.47 154.10 Td (its ) Tj ET Q q 0 0 0 rg BT 420.18 154.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 456.75 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 468.35 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.82 154.10 Td (party ) Tj ET Q q 0 0 0 rg BT 507.63 154.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 549.78 154.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 90.99 142.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 152.00 142.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 189.94 142.10 Td (as ) Tj ET Q q 0 0 0 rg BT 201.50 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.96 142.10 Td ("Corporate ) Tj ET Q q 0 0 0 rg BT 263.55 142.10 Td (Administrator) Tj ET Q q 0 0 0 rg BT 319.25 142.10 Td (," ) Tj ET Q q 0 0 0 rg BT 329.07 142.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 344.52 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.54 142.10 Td (its ) Tj ET Q q 0 0 0 rg BT 368.22 142.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 404.77 142.10 Td (as ) Tj ET Q q 0 0 0 rg BT 416.33 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.79 142.10 Td (party ) Tj ET Q q 0 0 0 rg BT 455.57 142.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 497.69 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.15 142.10 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 110.45 130.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 147.83 130.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.84 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.73 130.10 Td ("Loan ) Tj ET Q q 0 0 0 rg BT 201.04 130.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 253.09 130.10 Td (Administrator" ) Tj ET Q q 0 0 0 rg BT 315.96 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.07 130.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 350.75 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.20 130.10 Td (its ) Tj ET Q q 0 0 0 rg BT 373.33 130.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 409.31 130.10 Td (as ) Tj ET Q q 0 0 0 rg BT 420.32 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.22 130.10 Td (party ) Tj ET Q q 0 0 0 rg BT 458.44 130.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 500.00 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.90 130.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 554.23 130.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (all ) Tj ET Q q 0 0 0 rg BT 62.50 118.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 103.32 118.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 130.25 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.19 118.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 175.52 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 186.35 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.07 118.10 Td ("Loan ) Tj ET Q q 0 0 0 rg BT 228.20 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.14 118.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 267.08 118.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 299.84 118.10 Td (.") Tj ET Q endstream endobj 197 0 obj <> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.64 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 108.40 742.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 144.01 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 154.65 742.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 196.44 742.10 Td (Administrator) Tj ET Q q 0 0 0 rg BT 252.14 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 256.95 742.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 277.04 742.10 Td (oversees ) Tj ET Q q 0 0 0 rg BT 313.78 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.30 742.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 350.61 742.10 Td (business ) Tj ET Q q 0 0 0 rg BT 386.81 742.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 430.77 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.41 742.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 458.27 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.58 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.33 742.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 514.07 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.82 742.10 Td (number ) Tj ET Q q 0 0 0 rg BT 553.68 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.70 730.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 139.41 730.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 176.06 730.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 208.56 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 231.61 730.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 266.04 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.76 730.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 322.70 730.10 Td (Administrator's ) Tj ET Q q 0 0 0 rg BT 386.99 730.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 413.38 730.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 697.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 697.10 Td (administering ) Tj ET Q q 0 0 0 rg BT 171.14 697.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 197.22 697.10 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 243.68 697.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 290.99 697.10 Td (including ) Tj ET Q q 0 0 0 rg BT 331.91 697.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 362.28 697.10 Td (\(solely ) Tj ET Q q 0 0 0 rg BT 392.65 697.10 Td (from ) Tj ET Q q 0 0 0 rg BT 415.24 697.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 441.31 697.10 Td (funds\) ) Tj ET Q q 0 0 0 rg BT 470.02 697.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 503.72 697.10 Td (Funding's ) Tj ET Q q 0 0 0 rg BT 545.90 697.10 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.94 685.10 Td (expenses,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 667.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 667.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 141.39 667.10 Td (notices ) Tj ET Q q 0 0 0 rg BT 172.54 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.81 667.10 Td (communications ) Tj ET Q q 0 0 0 rg BT 258.74 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.35 667.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 295.10 667.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 322.91 667.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.07 667.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 350.93 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.76 667.10 Td (may ) Tj ET Q q 0 0 0 rg BT 373.81 667.10 Td (be ) Tj ET Q q 0 0 0 rg BT 386.08 667.10 Td (required ) Tj ET Q q 0 0 0 rg BT 422.22 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.83 667.10 Td (give ) Tj ET Q q 0 0 0 rg BT 452.88 667.10 Td (from ) Tj ET Q q 0 0 0 rg BT 475.15 667.10 Td (time ) Tj ET Q q 0 0 0 rg BT 495.75 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.36 667.10 Td (time ) Tj ET Q q 0 0 0 rg BT 526.96 667.10 Td (under ) Tj ET Q q 0 0 0 rg BT 552.56 667.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 655.10 Td (various ) Tj ET Q q 0 0 0 rg BT 144.94 655.10 Td (agreements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 637.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 637.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 163.54 637.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 189.24 637.10 Td (general ) Tj ET Q q 0 0 0 rg BT 221.43 637.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 268.08 637.10 Td (records ) Tj ET Q q 0 0 0 rg BT 300.28 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.49 637.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 358.58 637.10 Td (monthly) Tj ET Q q 0 0 0 rg BT 391.26 637.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.54 637.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 435.40 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.61 637.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 482.04 637.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 637.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 625.10 Td (as ) Tj ET Q q 0 0 0 rg BT 123.83 625.10 Td (may ) Tj ET Q q 0 0 0 rg BT 143.55 625.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.49 625.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 196.85 625.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.68 625.10 Td (appropriate,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 607.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 607.10 Td (retaining ) Tj ET Q q 0 0 0 rg BT 151.04 607.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.32 607.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 186.75 607.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 214.23 607.10 Td (an ) Tj ET Q q 0 0 0 rg BT 226.17 607.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 272.54 607.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 292.26 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.54 607.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 325.03 607.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 350.46 607.10 Td (year) Tj ET Q q 0 0 0 rg BT 367.46 607.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 387.73 607.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 425.21 607.10 Td (statements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 589.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 589.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 153.82 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.75 589.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 194.92 589.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 220.34 589.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 254.78 589.10 Td (franchise ) Tj ET Q q 0 0 0 rg BT 293.92 589.10 Td (or ) Tj ET Q q 0 0 0 rg BT 304.75 589.10 Td (other ) Tj ET Q q 0 0 0 rg BT 327.80 589.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 342.52 589.10 Td (returns,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 571.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 571.10 Td (causing ) Tj ET Q q 0 0 0 rg BT 146.05 571.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.33 571.10 Td (be ) Tj ET Q q 0 0 0 rg BT 168.26 571.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 187.98 571.10 Td (\(solely ) Tj ET Q q 0 0 0 rg BT 217.70 571.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.64 571.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 265.06 571.10 Td (funds\) ) Tj ET Q q 0 0 0 rg BT 293.11 571.10 Td (any ) Tj ET Q q 0 0 0 rg BT 310.05 571.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 333.10 571.10 Td (required ) Tj ET Q q 0 0 0 rg BT 368.91 571.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.19 571.10 Td (be ) Tj ET Q q 0 0 0 rg BT 391.13 571.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 410.85 571.10 Td (by ) Tj ET Q q 0 0 0 rg BT 423.35 571.10 Td (PFL,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 553.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 553.10 Td (not ) Tj ET Q q 0 0 0 rg BT 128.46 553.10 Td (knowingly ) Tj ET Q q 0 0 0 rg BT 173.92 553.10 Td (causing ) Tj ET Q q 0 0 0 rg BT 207.15 553.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 224.01 553.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.69 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.15 553.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 268.15 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.61 553.10 Td (any ) Tj ET Q q 0 0 0 rg BT 295.73 553.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 328.40 553.10 Td (that ) Tj ET Q q 0 0 0 rg BT 346.08 553.10 Td (would ) Tj ET Q q 0 0 0 rg BT 373.76 553.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 398.65 553.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 415.51 553.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.19 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.66 553.10 Td (be ) Tj ET Q q 0 0 0 rg BT 440.78 553.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 471.78 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.24 553.10 Td (income ) Tj ET Q q 0 0 0 rg BT 514.36 553.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.37 553.10 Td (franchise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 541.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 127.72 541.10 Td (on ) Tj ET Q q 0 0 0 rg BT 140.22 541.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.16 541.10 Td (net ) Tj ET Q q 0 0 0 rg BT 161.87 541.10 Td (income ) Tj ET Q q 0 0 0 rg BT 193.81 541.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 216.31 541.10 Td (by ) Tj ET Q q 0 0 0 rg BT 228.81 541.10 Td (any ) Tj ET Q q 0 0 0 rg BT 245.74 541.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 273.24 541.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 321.29 541.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 352.68 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.51 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.22 541.10 Td (United ) Tj ET Q q 0 0 0 rg BT 407.94 541.10 Td (States,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 523.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 523.10 Td (retaining ) Tj ET Q q 0 0 0 rg BT 151.04 523.10 Td (on ) Tj ET Q q 0 0 0 rg BT 163.54 523.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 188.97 523.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 216.45 523.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 247.84 523.10 Td (counsel,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 505.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 505.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 154.80 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.06 505.10 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 211.75 505.10 Td (any ) Tj ET Q q 0 0 0 rg BT 228.00 505.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 275.35 505.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 306.59 505.10 Td (into ) Tj ET Q q 0 0 0 rg BT 323.96 505.10 Td (by ) Tj ET Q q 0 0 0 rg BT 335.78 505.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 352.64 505.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.46 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.71 505.10 Td (establishing, ) Tj ET Q q 0 0 0 rg BT 422.80 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.39 505.10 Td (consultation ) Tj ET Q q 0 0 0 rg BT 483.09 505.10 Td (with ) Tj ET Q q 0 0 0 rg BT 502.69 505.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 524.24 505.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 493.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 159.37 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.65 493.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 198.24 493.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 215.10 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.60 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.88 493.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 260.37 493.10 Td (with ) Tj ET Q q 0 0 0 rg BT 280.65 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.37 493.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 320.08 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.92 493.10 Td (such ) Tj ET Q q 0 0 0 rg BT 351.75 493.10 Td (agreements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 475.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 475.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 154.39 475.10 Td (recordkeeping ) Tj ET Q q 0 0 0 rg BT 214.08 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.02 475.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 284.04 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.32 475.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 331.81 475.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 357.24 475.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 388.07 475.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 421.68 475.10 Td (company ) Tj ET Q q 0 0 0 rg BT 460.83 475.10 Td (existence,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 457.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 457.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 153.06 457.10 Td (resolutions ) Tj ET Q q 0 0 0 rg BT 198.70 457.10 Td (for ) Tj ET Q q 0 0 0 rg BT 212.10 457.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 267.72 457.10 Td (by ) Tj ET Q q 0 0 0 rg BT 279.47 457.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 304.14 457.10 Td (board ) Tj ET Q q 0 0 0 rg BT 328.66 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.73 457.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 375.47 457.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.99 457.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 431.70 457.10 Td (with ) Tj ET Q q 0 0 0 rg BT 451.23 457.10 Td (its ) Tj ET Q q 0 0 0 rg BT 462.42 457.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 492.50 457.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 525.35 457.10 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 445.10 Td (agreement,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 427.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 427.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 153.44 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.01 427.10 Td (having ) Tj ET Q q 0 0 0 rg BT 199.35 427.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 237.01 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.57 427.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 274.03 427.10 Td (all ) Tj ET Q q 0 0 0 rg BT 286.15 427.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 331.60 427.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 372.59 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.50 427.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 412.95 427.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 429.81 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.94 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.84 427.10 Td (do ) Tj ET Q q 0 0 0 rg BT 453.97 427.10 Td (business ) Tj ET Q q 0 0 0 rg BT 489.98 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.89 427.10 Td (any ) Tj ET Q q 0 0 0 rg BT 516.45 427.10 Td (jurisdiction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.28 415.10 Td (which ) Tj ET Q q 0 0 0 rg BT 150.22 415.10 Td (such ) Tj ET Q q 0 0 0 rg BT 171.05 415.10 Td (qualification ) Tj ET Q q 0 0 0 rg BT 224.08 415.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.25 415.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 274.62 415.10 Td (or ) Tj ET Q q 0 0 0 rg BT 285.45 415.10 Td (appropriate,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 397.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 397.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.28 397.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 172.99 397.10 Td (with ) Tj ET Q q 0 0 0 rg BT 193.27 397.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 218.69 397.10 Td (counsel, ) Tj ET Q q 0 0 0 rg BT 254.24 397.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 301.18 397.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 349.77 397.10 Td (with ) Tj ET Q q 0 0 0 rg BT 370.05 397.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 408.65 397.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 463.36 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.29 397.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 523.88 397.10 Td (laws,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 379.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 379.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 152.70 379.10 Td (notices ) Tj ET Q q 0 0 0 rg BT 183.53 379.10 Td (on ) Tj ET Q q 0 0 0 rg BT 196.03 379.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 221.45 379.10 Td (behalf,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 361.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 361.10 Td (notifying ) Tj ET Q q 0 0 0 rg BT 152.17 361.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 169.03 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.53 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.36 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.07 361.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 240.13 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.96 361.10 Td (any ) Tj ET Q q 0 0 0 rg BT 267.90 361.10 Td (action, ) Tj ET Q q 0 0 0 rg BT 297.34 361.10 Td (suit ) Tj ET Q q 0 0 0 rg BT 314.28 361.10 Td (or ) Tj ET Q q 0 0 0 rg BT 325.11 361.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 372.04 361.10 Td (against, ) Tj ET Q q 0 0 0 rg BT 405.36 361.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.19 361.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 459.79 361.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 513.95 361.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 527.28 361.10 Td (PFL,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 343.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 343.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 162.85 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.37 343.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 229.21 343.10 Td (all ) Tj ET Q q 0 0 0 rg BT 241.29 343.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 282.23 343.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 303.75 343.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 340.81 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.22 343.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 368.08 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.16 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.67 343.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 428.18 343.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 453.19 343.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 473.03 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.89 343.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 529.93 343.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.78 343.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 331.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 137.72 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.66 331.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 198.83 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.66 331.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 235.08 331.10 Td (material ) Tj ET Q q 0 0 0 rg BT 270.34 331.10 Td (contracts,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 313.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 313.10 Td (notifying ) Tj ET Q q 0 0 0 rg BT 152.39 313.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 174.86 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.36 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.31 313.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 227.47 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.42 313.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 284.53 313.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 343.36 313.10 Td (has ) Tj ET Q q 0 0 0 rg BT 359.42 313.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 386.03 313.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 432.63 313.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 466.18 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.24 313.10 Td (any ) Tj ET Q q 0 0 0 rg BT 494.40 313.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 523.23 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.29 313.10 Td (a ) Tj ET Q q 0 0 0 rg BT 541.46 313.10 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.28 301.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.22 301.10 Td (material ) Tj ET Q q 0 0 0 rg BT 165.48 301.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 209.62 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.89 301.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 254.60 301.10 Td (any ) Tj ET Q q 0 0 0 rg BT 271.54 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.37 301.10 Td (its ) Tj ET Q q 0 0 0 rg BT 294.32 301.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 341.26 301.10 Td (with ) Tj ET Q q 0 0 0 rg BT 361.54 301.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 392.36 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.63 301.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 424.87 301.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 283.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 283.10 Td (from ) Tj ET Q q 0 0 0 rg BT 136.12 283.10 Td (time ) Tj ET Q q 0 0 0 rg BT 157.58 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.04 283.10 Td (time ) Tj ET Q q 0 0 0 rg BT 190.50 283.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 219.17 283.10 Td (at ) Tj ET Q q 0 0 0 rg BT 230.07 283.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 256.68 283.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 292.57 283.10 Td (such ) Tj ET Q q 0 0 0 rg BT 314.59 283.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 346.59 283.10 Td (as ) Tj ET Q q 0 0 0 rg BT 358.61 283.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 375.47 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.15 283.10 Td (may ) Tj ET Q q 0 0 0 rg BT 400.05 283.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 447.05 283.10 Td (request, ) Tj ET Q q 0 0 0 rg BT 482.11 283.10 Td (or ) Tj ET Q q 0 0 0 rg BT 494.12 283.10 Td (as ) Tj ET Q q 0 0 0 rg BT 506.14 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.04 283.10 Td (Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 271.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 171.60 271.10 Td (deems ) Tj ET Q q 0 0 0 rg BT 199.65 271.10 Td (appropriate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 256.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 241.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.79 241.10 Td (its ) Tj ET Q q 0 0 0 rg BT 110.70 241.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 147.47 241.10 Td (as ) Tj ET Q q 0 0 0 rg BT 159.27 241.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 183.28 241.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 235.94 241.10 Td (Administrator) Tj ET Q q 0 0 0 rg BT 291.65 241.10 Td (, ) Tj ET Q q 0 0 0 rg BT 297.61 241.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 318.85 241.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 357.30 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.98 241.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 425.30 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.20 241.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 481.10 241.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.00 241.10 Td (number ) Tj ET Q q 0 0 0 rg BT 523.01 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.80 241.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 86.66 229.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 119.16 229.10 Td (other ) Tj ET Q q 0 0 0 rg BT 142.20 229.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 176.64 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.35 229.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 214.40 229.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 266.32 229.10 Td (Administrator's ) Tj ET Q q 0 0 0 rg BT 330.62 229.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 357.00 229.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 214.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 196.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 196.10 Td (managing, ) Tj ET Q q 0 0 0 rg BT 157.43 196.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 207.70 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.64 196.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 264.90 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.62 196.10 Td (marketplace,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 178.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 178.10 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 166.59 178.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 184.64 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.58 178.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 238.51 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.34 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.06 178.10 Td (Notes,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 160.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 160.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 138.42 160.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 176.46 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.29 160.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 228.11 160.10 Td (Loans,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 142.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 142.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 167.98 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.81 142.10 Td (www) Tj ET Q q 0 0 0 rg BT 199.83 142.10 Td (.prosper) Tj ET Q q 0 0 0 rg BT 231.76 142.10 Td (.com, ) Tj ET Q q 0 0 0 rg BT 256.48 142.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 124.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 124.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 164.65 124.10 Td (\(solely ) Tj ET Q q 0 0 0 rg BT 194.37 124.10 Td (from ) Tj ET Q q 0 0 0 rg BT 216.31 124.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 241.73 124.10 Td (funds\) ) Tj ET Q q 0 0 0 rg BT 269.78 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.61 124.10 Td (related ) Tj ET Q q 0 0 0 rg BT 310.31 124.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 328.91 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.85 124.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 117.99 94.10 Td (other ) Tj ET Q q 0 0 0 rg BT 140.52 94.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 169.46 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.67 94.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 206.20 94.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 257.72 94.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 315.82 94.10 Td (assists ) Tj ET Q q 0 0 0 rg BT 343.37 94.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 360.23 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.21 94.10 Td (with ) Tj ET Q q 0 0 0 rg BT 381.98 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.19 94.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 432.05 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.48 94.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 466.02 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.33 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.54 94.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 518.36 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.56 94.10 Td (posting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.43 82.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 99.53 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.85 82.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 150.16 82.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 176.58 82.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 219.68 82.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 261.65 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.86 82.10 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 316.74 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.06 82.10 Td (applicants ) Tj ET Q q 0 0 0 rg BT 369.59 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.36 82.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 423.54 82.10 Td (on ) Tj ET Q q 0 0 0 rg BT 435.53 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.74 82.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 500.59 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.01 82.10 Td (performing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.73 70.10 Td (applicant ) Tj ET Q q 0 0 0 rg BT 103.88 70.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 152.48 70.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 193.31 70.10 Td (described ) Tj ET Q q 0 0 0 rg BT 234.14 70.10 Td (herein\) ) Tj ET Q q 0 0 0 rg BT 264.96 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.91 70.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 319.40 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.13 70.10 Td (posting ) Tj ET Q q 0 0 0 rg BT 366.08 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.92 70.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 408.33 70.10 Td (on ) Tj ET Q q 0 0 0 rg BT 420.84 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.56 70.10 Td (website. ) Tj ET Q q 0 0 0 rg BT 470.94 70.10 Td (The ) Tj ET Q q 0 0 0 rg BT 488.99 70.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 512.05 70.10 Td (Marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 107.98 58.10 Td (also ) Tj ET Q q 0 0 0 rg BT 125.96 58.10 Td (assigns ) Tj ET Q q 0 0 0 rg BT 156.73 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.05 58.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 195.48 58.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 224.02 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.33 58.10 Td (an ) Tj ET Q q 0 0 0 rg BT 251.65 58.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.96 58.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 299.82 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.47 58.10 Td (each ) Tj ET Q q 0 0 0 rg BT 329.67 58.10 Td (listing. ) Tj ET Q q 0 0 0 rg BT 359.05 58.10 Td (See ) Tj ET Q q 0 0 0 rg BT 375.36 58.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 406.32 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.41 58.10 Td (Marketplace" ) Tj ET Q q 0 0 0 rg BT 476.34 58.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.88 58.10 Td (more ) Tj ET Q q 0 0 0 rg BT 512.30 58.10 Td (information.) Tj ET Q endstream endobj 199 0 obj <> endobj 200 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 727.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.75 727.10 Td (its ) Tj ET Q q 0 0 0 rg BT 108.62 727.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 144.35 727.10 Td (as ) Tj ET Q q 0 0 0 rg BT 155.11 727.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 178.08 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.94 727.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 216.80 727.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 249.71 727.10 Td (, ) Tj ET Q q 0 0 0 rg BT 254.63 727.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 274.84 727.10 Td (has ) Tj ET Q q 0 0 0 rg BT 290.59 727.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 319.66 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.86 727.10 Td (service ) Tj ET Q q 0 0 0 rg BT 360.59 727.10 Td (each ) Tj ET Q q 0 0 0 rg BT 381.33 727.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 422.07 727.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 445.04 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.90 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.54 727.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 536.17 727.10 Td (Notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.42 715.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 91.83 715.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.14 715.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 131.45 715.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 167.63 715.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.17 715.10 Td (required ) Tj ET Q q 0 0 0 rg BT 213.35 715.10 Td (at ) Tj ET Q q 0 0 0 rg BT 223.44 715.10 Td (all ) Tj ET Q q 0 0 0 rg BT 236.30 715.10 Td (times ) Tj ET Q q 0 0 0 rg BT 260.83 715.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.48 715.10 Td (use ) Tj ET Q q 0 0 0 rg BT 287.68 715.10 Td (commercially ) Tj ET Q q 0 0 0 rg BT 345.52 715.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 391.15 715.10 Td (ef) Tj ET Q q 0 0 0 rg BT 398.74 715.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 419.93 715.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.58 715.10 Td (service ) Tj ET Q q 0 0 0 rg BT 461.77 715.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.07 715.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 508.59 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.68 715.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 77.97 703.10 Td (in ) Tj ET Q q 0 0 0 rg BT 89.28 703.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 137.78 703.10 Td (with ) Tj ET Q q 0 0 0 rg BT 159.09 703.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 195.40 703.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 236.70 703.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 281.89 703.10 Td (for ) Tj ET Q q 0 0 0 rg BT 297.08 703.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 321.72 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.58 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.33 703.10 Td (same ) Tj ET Q q 0 0 0 rg BT 373.41 703.10 Td (general ) Tj ET Q q 0 0 0 rg BT 406.37 703.10 Td (type ) Tj ET Q q 0 0 0 rg BT 427.12 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.09 703.10 Td (character) Tj ET Q q 0 0 0 rg BT 481.32 703.10 Td (, ) Tj ET Q q 0 0 0 rg BT 487.35 703.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.66 703.10 Td (each ) Tj ET Q q 0 0 0 rg BT 520.51 703.10 Td (case ) Tj ET Q q 0 0 0 rg BT 541.25 703.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 554.22 703.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 97.04 691.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.91 691.10 Td (all ) Tj ET Q q 0 0 0 rg BT 128.99 691.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 172.16 691.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 195.07 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.60 691.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 225.90 691.10 Td (without ) Tj ET Q q 0 0 0 rg BT 258.54 691.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 286.16 691.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.02 691.10 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 311.99 691.10 Td (any ) Tj ET Q q 0 0 0 rg BT 328.51 691.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 377.80 691.10 Td (that ) Tj ET Q q 0 0 0 rg BT 394.88 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.18 691.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 431.82 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.34 691.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 469.86 691.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 505.26 691.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.67 691.10 Td (its ) Tj ET Q q 0 0 0 rg BT 527.21 691.10 Td (af) Tj ET Q q 0 0 0 rg BT 534.79 691.10 Td (filiates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.75 679.10 Td (have ) Tj ET Q q 0 0 0 rg BT 91.17 679.10 Td (with ) Tj ET Q q 0 0 0 rg BT 111.48 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.24 679.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 169.86 679.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 209.05 679.10 Td (or ) Tj ET Q q 0 0 0 rg BT 219.91 679.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 241.89 679.10 Td (holder) Tj ET Q q 0 0 0 rg BT 267.04 679.10 Td (, ) Tj ET Q q 0 0 0 rg BT 272.07 679.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.94 679.10 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 298.81 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.56 679.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 336.64 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.62 679.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 375.59 679.10 Td (Servicer's ) Tj ET Q q 0 0 0 rg BT 417.14 679.10 Td (right ) Tj ET Q q 0 0 0 rg BT 438.56 679.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.88 679.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 480.28 679.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 538.35 679.10 Td (for ) Tj ET Q q 0 0 0 rg BT 552.55 679.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 86.39 667.10 Td (This ) Tj ET Q q 0 0 0 rg BT 105.99 667.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 141.69 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.84 667.10 Td (care ) Tj ET Q q 0 0 0 rg BT 170.30 667.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 213.21 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.81 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.84 667.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 259.21 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.46 667.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 296.72 667.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 331.86 667.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.34 667.10 Td (called ) Tj ET Q q 0 0 0 rg BT 366.04 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.07 667.10 Td ("Servicing ) Tj ET Q q 0 0 0 rg BT 424.30 667.10 Td (Standard." ) Tj ET Q q 0 0 0 rg BT 468.25 667.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 500.06 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.66 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 667.10 Td (Servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (Standard, ) Tj ET Q q 0 0 0 rg BT 91.61 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.40 655.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 131.51 655.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.51 655.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 172.52 655.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 209.40 655.10 Td (has ) Tj ET Q q 0 0 0 rg BT 226.29 655.10 Td (full ) Tj ET Q q 0 0 0 rg BT 243.75 655.10 Td (power ) Tj ET Q q 0 0 0 rg BT 272.30 655.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.31 655.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 329.98 655.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.32 655.10 Td (take ) Tj ET Q q 0 0 0 rg BT 361.54 655.10 Td (any ) Tj ET Q q 0 0 0 rg BT 379.55 655.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 411.44 655.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.78 655.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 470.22 655.10 Td (with ) Tj ET Q q 0 0 0 rg BT 491.56 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.35 655.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 547.57 655.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 110.65 643.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.87 643.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.97 643.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 178.17 643.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 205.49 643.10 Td (that ) Tj ET Q q 0 0 0 rg BT 223.37 643.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.47 643.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 261.90 643.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.22 643.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 301.54 643.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 337.74 643.10 Td (deems ) Tj ET Q q 0 0 0 rg BT 366.17 643.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.83 643.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.16 643.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 430.91 643.10 Td (or ) Tj ET Q q 0 0 0 rg BT 442.12 643.10 Td (desirable. ) Tj ET Q q 0 0 0 rg BT 483.39 643.10 Td (The ) Tj ET Q q 0 0 0 rg BT 501.82 643.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 525.25 643.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.57 643.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 86.24 631.10 Td (may ) Tj ET Q q 0 0 0 rg BT 106.37 631.10 Td (act ) Tj ET Q q 0 0 0 rg BT 120.95 631.10 Td (alone ) Tj ET Q q 0 0 0 rg BT 145.52 631.10 Td (or ) Tj ET Q q 0 0 0 rg BT 156.77 631.10 Td (through ) Tj ET Q q 0 0 0 rg BT 190.80 631.10 Td (agents, ) Tj ET Q q 0 0 0 rg BT 221.77 631.10 Td (but ) Tj ET Q q 0 0 0 rg BT 237.47 631.10 Td (will ) Tj ET Q q 0 0 0 rg BT 255.94 631.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 286.63 631.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 335.09 631.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.67 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.81 631.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 393.83 631.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 447.27 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.52 631.10 Td (its ) Tj ET Q q 0 0 0 rg BT 470.89 631.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 497.70 631.10 Td (by ) Tj ET Q q 0 0 0 rg BT 510.62 631.10 Td (any ) Tj ET Q q 0 0 0 rg BT 527.97 631.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 556.44 631.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (appoints. ) Tj ET Q q 0 0 0 rg BT 88.60 619.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 113.73 619.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 141.50 619.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.49 619.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 180.35 619.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 220.88 619.10 Td (on ) Tj ET Q q 0 0 0 rg BT 233.09 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.52 619.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 288.05 619.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 317.20 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.85 619.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 372.15 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.57 619.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 418.78 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.32 619.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 469.86 619.10 Td (received ) Tj ET Q q 0 0 0 rg BT 505.93 619.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.14 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.57 619.10 Td (holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 607.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 89.16 607.10 Td (will ) Tj ET Q q 0 0 0 rg BT 107.22 607.10 Td (be ) Tj ET Q q 0 0 0 rg BT 119.16 607.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 162.75 607.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 185.25 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.97 607.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 223.01 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.95 607.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 261.89 607.10 Td (Servicer's ) Tj ET Q q 0 0 0 rg BT 303.40 607.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 356.42 607.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.25 607.10 Td (its ) Tj ET Q q 0 0 0 rg BT 379.20 607.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 405.59 607.10 Td (under ) Tj ET Q q 0 0 0 rg BT 430.85 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.02 607.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 507.52 607.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 577.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 107.14 577.10 Td (will ) Tj ET Q q 0 0 0 rg BT 126.06 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.19 577.10 Td (no ) Tj ET Q q 0 0 0 rg BT 150.55 577.10 Td (event ) Tj ET Q q 0 0 0 rg BT 175.57 577.10 Td (be ) Tj ET Q q 0 0 0 rg BT 188.36 577.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 237.27 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.40 577.10 Td (make ) Tj ET Q q 0 0 0 rg BT 273.42 577.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 315.10 577.10 Td (from ) Tj ET Q q 0 0 0 rg BT 337.90 577.10 Td (its ) Tj ET Q q 0 0 0 rg BT 350.71 577.10 Td (own ) Tj ET Q q 0 0 0 rg BT 371.29 577.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 396.87 577.10 Td (on ) Tj ET Q q 0 0 0 rg BT 410.22 577.10 Td (any ) Tj ET Q q 0 0 0 rg BT 428.02 577.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 454.71 577.10 Td (or ) Tj ET Q q 0 0 0 rg BT 466.40 577.10 Td (other ) Tj ET Q q 0 0 0 rg BT 490.30 577.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 538.10 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 577.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 565.10 Td (. ) Tj ET Q q 0 0 0 rg BT 94.58 565.10 Td (See ) Tj ET Q q 0 0 0 rg BT 112.85 565.10 Td ("Summary ) Tj ET Q q 0 0 0 rg BT 159.66 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.83 565.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 216.49 565.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 242.00 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.17 565.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 281.33 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.77 565.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 362.31 565.10 Td (Agreement-Administration ) Tj ET Q q 0 0 0 rg BT 473.61 565.10 Td (Agreement" ) Tj ET Q q 0 0 0 rg BT 525.95 565.10 Td (for ) Tj ET Q q 0 0 0 rg BT 541.45 565.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (Relationship ) Tj ET Q q 0 0 0 rg BT 106.40 523.10 Td (with ) Tj ET Q q 0 0 0 rg BT 127.79 523.10 Td (PFL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 493.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.14 493.10 Td (is ) Tj ET Q q 0 0 0 rg BT 116.09 493.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.80 493.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 184.85 493.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 229.23 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.84 493.10 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 266.18 493.10 Td (As ) Tj ET Q q 0 0 0 rg BT 280.57 493.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 306.77 493.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 326.16 493.10 Td (member) Tj ET Q q 0 0 0 rg BT 358.52 493.10 Td (, ) Tj ET Q q 0 0 0 rg BT 364.30 493.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 385.36 493.10 Td (selects ) Tj ET Q q 0 0 0 rg BT 415.30 493.10 Td (all ) Tj ET Q q 0 0 0 rg BT 428.57 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.18 493.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 466.38 493.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 507.14 493.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 538.75 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 493.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 100.77 481.10 Td (that ) Tj ET Q q 0 0 0 rg BT 118.23 481.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 135.09 481.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.55 481.10 Td (have ) Tj ET Q q 0 0 0 rg BT 158.89 481.10 Td (two ) Tj ET Q q 0 0 0 rg BT 176.35 481.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 227.68 481.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 265.13 481.10 Td (as ) Tj ET Q q 0 0 0 rg BT 275.92 481.10 Td (long ) Tj ET Q q 0 0 0 rg BT 296.16 481.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.95 481.10 Td (any ) Tj ET Q q 0 0 0 rg BT 323.85 481.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 345.75 481.10 Td (is ) Tj ET Q q 0 0 0 rg BT 354.88 481.10 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 406.33 481.10 Td (T) Tj ET Q q 0 0 0 rg BT 411.74 481.10 Td (wo ) Tj ET Q q 0 0 0 rg BT 426.42 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.21 481.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 462.60 481.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 500.04 481.10 Td (- ) Tj ET Q q 0 0 0 rg BT 505.29 481.10 Td (Aaron ) Tj ET Q q 0 0 0 rg BT 532.56 481.10 Td (V) Tj ET Q q 0 0 0 rg BT 538.68 481.10 Td (ermut ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 469.10 Td (Ronald ) Tj ET Q q 0 0 0 rg BT 98.33 469.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 124.16 469.10 Td (- ) Tj ET Q q 0 0 0 rg BT 129.99 469.10 Td (are ) Tj ET Q q 0 0 0 rg BT 144.69 469.10 Td (of) Tj ET Q q 0 0 0 rg BT 152.84 469.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 177.55 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.38 469.10 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 213.11 469.10 Td (All ) Tj ET Q q 0 0 0 rg BT 228.39 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.22 469.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 264.64 469.10 Td (of) Tj ET Q q 0 0 0 rg BT 272.79 469.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 297.50 469.10 Td (are ) Tj ET Q q 0 0 0 rg BT 312.21 469.10 Td (also ) Tj ET Q q 0 0 0 rg BT 330.82 469.10 Td (of) Tj ET Q q 0 0 0 rg BT 338.96 469.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 363.67 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.50 469.10 Td (PMI.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 439.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.74 439.10 Td (is ) Tj ET Q q 0 0 0 rg BT 115.28 439.10 Td (required ) Tj ET Q q 0 0 0 rg BT 151.47 439.10 Td (by ) Tj ET Q q 0 0 0 rg BT 164.35 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.44 439.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 200.57 439.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 247.87 439.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.52 439.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 302.50 439.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 323.16 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.48 439.10 Td (any ) Tj ET Q q 0 0 0 rg BT 357.79 439.10 Td (employee, ) Tj ET Q q 0 0 0 rg BT 402.04 439.10 Td (representative, ) Tj ET Q q 0 0 0 rg BT 463.50 439.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 488.03 439.10 Td (or ) Tj ET Q q 0 0 0 rg BT 499.23 439.10 Td (af) Tj ET Q q 0 0 0 rg BT 506.82 439.10 Td (filiate ) Tj ET Q q 0 0 0 rg BT 533.02 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.22 439.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 99.33 427.10 Td (, ) Tj ET Q q 0 0 0 rg BT 104.58 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.56 427.10 Td ("Covered ) Tj ET Q q 0 0 0 rg BT 160.28 427.10 Td (Persons"\), ) Tj ET Q q 0 0 0 rg BT 204.06 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 218.48 427.10 Td (any ) Tj ET Q q 0 0 0 rg BT 235.67 427.10 Td (Covered ) Tj ET Q q 0 0 0 rg BT 272.31 427.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 293.96 427.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 330.03 427.10 Td (by ) Tj ET Q q 0 0 0 rg BT 342.79 427.10 Td (such ) Tj ET Q q 0 0 0 rg BT 363.88 427.10 Td (Covered ) Tj ET Q q 0 0 0 rg BT 400.51 427.10 Td (Person ) Tj ET Q q 0 0 0 rg BT 430.49 427.10 Td (by ) Tj ET Q q 0 0 0 rg BT 443.25 427.10 Td (reason ) Tj ET Q q 0 0 0 rg BT 472.10 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.19 427.10 Td (any ) Tj ET Q q 0 0 0 rg BT 500.39 427.10 Td (act ) Tj ET Q q 0 0 0 rg BT 514.80 427.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.89 427.10 Td (omission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 94.33 415.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.35 415.10 Td (omitted ) Tj ET Q q 0 0 0 rg BT 138.60 415.10 Td (by ) Tj ET Q q 0 0 0 rg BT 151.29 415.10 Td (such ) Tj ET Q q 0 0 0 rg BT 172.30 415.10 Td (Covered ) Tj ET Q q 0 0 0 rg BT 208.87 415.10 Td (Person ) Tj ET Q q 0 0 0 rg BT 238.78 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.25 415.10 Td (good ) Tj ET Q q 0 0 0 rg BT 271.94 415.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 292.95 415.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.64 415.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 333.32 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.34 415.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 361.20 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.89 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.02 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.48 415.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.61 415.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 431.29 415.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 477.29 415.10 Td (believed ) Tj ET Q q 0 0 0 rg BT 513.85 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.32 415.10 Td (be ) Tj ET Q q 0 0 0 rg BT 536.45 415.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.78 403.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 90.12 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.01 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.80 403.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 154.47 403.10 Td (conferred ) Tj ET Q q 0 0 0 rg BT 195.34 403.10 Td (on ) Tj ET Q q 0 0 0 rg BT 207.90 403.10 Td (such ) Tj ET Q q 0 0 0 rg BT 228.80 403.10 Td (Covered ) Tj ET Q q 0 0 0 rg BT 265.24 403.10 Td (Person, ) Tj ET Q q 0 0 0 rg BT 297.53 403.10 Td (except ) Tj ET Q q 0 0 0 rg BT 326.19 403.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.42 403.10 Td (any ) Tj ET Q q 0 0 0 rg BT 357.42 403.10 Td (act ) Tj ET Q q 0 0 0 rg BT 371.64 403.10 Td (or ) Tj ET Q q 0 0 0 rg BT 382.54 403.10 Td (omission ) Tj ET Q q 0 0 0 rg BT 421.22 403.10 Td (that ) Tj ET Q q 0 0 0 rg BT 438.78 403.10 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 484.12 403.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 507.80 403.10 Td (negligence ) Tj ET Q q 0 0 0 rg BT 553.68 403.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (willful ) Tj ET Q q 0 0 0 rg BT 79.74 391.10 Td (misconduct. ) Tj ET Q q 0 0 0 rg BT 131.19 391.10 Td (The ) Tj ET Q q 0 0 0 rg BT 149.80 391.10 Td (term ) Tj ET Q q 0 0 0 rg BT 171.20 391.10 Td ("Covered ) Tj ET Q q 0 0 0 rg BT 212.23 391.10 Td (Loss" ) Tj ET Q q 0 0 0 rg BT 238.27 391.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 274.67 391.10 Td (any ) Tj ET Q q 0 0 0 rg BT 292.18 391.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 313.31 391.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 347.47 391.10 Td (or ) Tj ET Q q 0 0 0 rg BT 358.87 391.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 384.16 391.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 420.54 391.10 Td (by ) Tj ET Q q 0 0 0 rg BT 433.61 391.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 446.12 391.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 466.97 391.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 493.93 391.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.78 391.10 Td (its ) Tj ET Q q 0 0 0 rg BT 517.30 391.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 553.68 391.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 75.21 379.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 93.61 379.10 Td (member ) Tj ET Q q 0 0 0 rg BT 128.67 379.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 148.73 379.10 Td (not ) Tj ET Q q 0 0 0 rg BT 163.79 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.86 379.10 Td (its ) Tj ET Q q 0 0 0 rg BT 185.60 379.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 221.20 379.10 Td (as ) Tj ET Q q 0 0 0 rg BT 231.82 379.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 254.66 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.39 379.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 293.12 379.10 Td (Servicer ) Tj ET Q q 0 0 0 rg BT 328.72 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.34 379.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 380.51 379.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 417.24 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.30 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.31 379.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 503.64 379.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 553.69 379.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 64.52 367.10 Td (any ) Tj ET Q q 0 0 0 rg BT 81.25 367.10 Td (other ) Tj ET Q q 0 0 0 rg BT 104.10 367.10 Td (Covered ) Tj ET Q q 0 0 0 rg BT 140.28 367.10 Td (Person ) Tj ET Q q 0 0 0 rg BT 169.80 367.10 Td (when ) Tj ET Q q 0 0 0 rg BT 193.76 367.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 220.49 367.10 Td (on ) Tj ET Q q 0 0 0 rg BT 232.79 367.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 260.08 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.71 367.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 290.79 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.87 367.10 Td (its ) Tj ET Q q 0 0 0 rg BT 312.62 367.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 348.23 367.10 Td (as ) Tj ET Q q 0 0 0 rg BT 358.86 367.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 384.08 367.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 402.49 367.10 Td (member) Tj ET Q q 0 0 0 rg BT 434.70 367.10 Td (. ) Tj ET Q q 0 0 0 rg BT 439.50 367.10 Td (Covered ) Tj ET Q q 0 0 0 rg BT 475.68 367.10 Td (Losses ) Tj ET Q q 0 0 0 rg BT 505.20 367.10 Td (do ) Tj ET Q q 0 0 0 rg BT 517.50 367.10 Td (not ) Tj ET Q q 0 0 0 rg BT 532.58 367.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.68 355.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 86.99 355.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 120.33 355.10 Td (or ) Tj ET Q q 0 0 0 rg BT 130.90 355.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 155.36 355.10 Td (for ) Tj ET Q q 0 0 0 rg BT 169.27 355.10 Td (which ) Tj ET Q q 0 0 0 rg BT 195.95 355.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 215.98 355.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 258.76 355.10 Td (would ) Tj ET Q q 0 0 0 rg BT 286.00 355.10 Td (be ) Tj ET Q q 0 0 0 rg BT 297.68 355.10 Td (required ) Tj ET Q q 0 0 0 rg BT 333.25 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.27 355.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 386.62 355.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 403.48 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.72 355.10 Td (under ) Tj ET Q q 0 0 0 rg BT 430.74 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.70 355.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 507.00 355.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 553.67 355.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (any ) Tj ET Q q 0 0 0 rg BT 67.80 343.10 Td (other ) Tj ET Q q 0 0 0 rg BT 91.71 343.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 129.77 343.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 146.63 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.00 343.10 Td (is ) Tj ET Q q 0 0 0 rg BT 160.03 343.10 Td (required ) Tj ET Q q 0 0 0 rg BT 196.70 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.84 343.10 Td (make ) Tj ET Q q 0 0 0 rg BT 232.86 343.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 299.54 343.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 341.23 343.10 Td (only ) Tj ET Q q 0 0 0 rg BT 362.37 343.10 Td (from ) Tj ET Q q 0 0 0 rg BT 385.17 343.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 410.75 343.10 Td (that ) Tj ET Q q 0 0 0 rg BT 429.11 343.10 Td (are ) Tj ET Q q 0 0 0 rg BT 444.68 343.10 Td (not ) Tj ET Q q 0 0 0 rg BT 460.82 343.10 Td (required ) Tj ET Q q 0 0 0 rg BT 497.49 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.63 343.10 Td (be ) Tj ET Q q 0 0 0 rg BT 521.43 343.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 554.23 343.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.83 331.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.33 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.04 331.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 143.87 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.81 331.10 Td (that ) Tj ET Q q 0 0 0 rg BT 178.31 331.10 Td (are ) Tj ET Q q 0 0 0 rg BT 193.01 331.10 Td (not ) Tj ET Q q 0 0 0 rg BT 208.29 331.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 239.11 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.38 331.10 Td (make ) Tj ET Q q 0 0 0 rg BT 273.54 331.10 Td (current ) Tj ET Q q 0 0 0 rg BT 304.36 331.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 345.18 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.46 331.10 Td (third ) Tj ET Q q 0 0 0 rg BT 376.85 331.10 Td (parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 301.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 125.03 301.10 Td (, ) Tj ET Q q 0 0 0 rg BT 130.03 301.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 150.31 301.10 Td (has ) Tj ET Q q 0 0 0 rg BT 166.14 301.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 200.30 301.10 Td (resolutions ) Tj ET Q q 0 0 0 rg BT 246.68 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.96 301.10 Td (govern ) Tj ET Q q 0 0 0 rg BT 287.23 301.10 Td (its ) Tj ET Q q 0 0 0 rg BT 299.18 301.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 348.89 301.10 Td (with ) Tj ET Q q 0 0 0 rg BT 369.17 301.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 390.85 301.10 Td (According ) Tj ET Q q 0 0 0 rg BT 435.56 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.83 301.10 Td (its ) Tj ET Q q 0 0 0 rg BT 457.78 301.10 Td (resolutions, ) Tj ET Q q 0 0 0 rg BT 506.67 301.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 526.95 301.10 Td (shall:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 268.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 268.10 Td (Not ) Tj ET Q q 0 0 0 rg BT 130.65 268.10 Td (commingle ) Tj ET Q q 0 0 0 rg BT 178.29 268.10 Td (its ) Tj ET Q q 0 0 0 rg BT 190.39 268.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 216.37 268.10 Td (with ) Tj ET Q q 0 0 0 rg BT 236.80 268.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 262.79 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.77 268.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 296.15 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.24 268.10 Td (not ) Tj ET Q q 0 0 0 rg BT 328.67 268.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 356.31 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.18 268.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 397.16 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.14 268.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 425.00 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.65 268.10 Td (as ) Tj ET Q q 0 0 0 rg BT 438.63 268.10 Td (if ) Tj ET Q q 0 0 0 rg BT 447.39 268.10 Td (they ) Tj ET Q q 0 0 0 rg BT 467.26 268.10 Td (were ) Tj ET Q q 0 0 0 rg BT 489.34 268.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 515.32 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.31 268.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 549.24 268.10 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 256.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 143.83 256.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 181.32 256.10 Td (its ) Tj ET Q q 0 0 0 rg BT 193.26 256.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 217.99 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.92 256.10 Td (other ) Tj ET Q q 0 0 0 rg BT 257.97 256.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 283.80 256.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 326.83 256.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 367.65 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.59 256.10 Td (segregated ) Tj ET Q q 0 0 0 rg BT 429.85 256.10 Td (from ) Tj ET Q q 0 0 0 rg BT 451.78 256.10 Td (those ) Tj ET Q q 0 0 0 rg BT 475.39 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.22 256.10 Td (PFL;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 238.10 Td (File ) Tj ET Q q 0 0 0 rg BT 130.69 238.10 Td (its ) Tj ET Q q 0 0 0 rg BT 142.26 238.10 Td (own ) Tj ET Q q 0 0 0 rg BT 161.61 238.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 175.96 238.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 205.86 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.42 238.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 238.99 238.10 Td (its ) Tj ET Q q 0 0 0 rg BT 250.57 238.10 Td (own ) Tj ET Q q 0 0 0 rg BT 269.92 238.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 295.09 238.10 Td (if ) Tj ET Q q 0 0 0 rg BT 303.33 238.10 Td (any) Tj ET Q q 0 0 0 rg BT 317.12 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 321.75 238.10 Td (as ) Tj ET Q q 0 0 0 rg BT 332.21 238.10 Td (may ) Tj ET Q q 0 0 0 rg BT 351.55 238.10 Td (be ) Tj ET Q q 0 0 0 rg BT 363.12 238.10 Td (required ) Tj ET Q q 0 0 0 rg BT 398.57 238.10 Td (under ) Tj ET Q q 0 0 0 rg BT 423.46 238.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 466.68 238.10 Td (law) Tj ET Q q 0 0 0 rg BT 480.47 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 485.10 238.10 Td (except ) Tj ET Q q 0 0 0 rg BT 513.32 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.23 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.58 238.10 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 226.10 Td (that ) Tj ET Q q 0 0 0 rg BT 130.50 226.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 174.08 226.10 Td (law ) Tj ET Q q 0 0 0 rg BT 191.02 226.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 225.73 226.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 246.01 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.29 226.10 Td (file ) Tj ET Q q 0 0 0 rg BT 272.12 226.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 286.83 226.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 317.10 226.10 Td (that ) Tj ET Q q 0 0 0 rg BT 334.60 226.10 Td (include ) Tj ET Q q 0 0 0 rg BT 366.53 226.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 383.39 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.89 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.17 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.89 226.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 463.93 226.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 478.64 226.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 508.91 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.74 226.10 Td (PMI;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 208.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 208.10 Td (Produce ) Tj ET Q q 0 0 0 rg BT 149.28 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.23 208.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 205.73 208.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 242.00 208.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.49 208.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 326.22 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.17 208.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 375.45 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.40 208.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 423.01 208.10 Td (that ) Tj ET Q q 0 0 0 rg BT 441.52 208.10 Td (such ) Tj ET Q q 0 0 0 rg BT 463.36 208.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.85 208.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 547.58 208.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 196.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 143.19 196.10 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 198.93 196.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 233.00 196.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 246.53 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.17 196.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 284.70 196.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 314.89 196.10 Td (or ) Tj ET Q q 0 0 0 rg BT 325.64 196.10 Td (otherwise\) ) Tj ET Q q 0 0 0 rg BT 370.27 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.91 196.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 420.09 196.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 459.72 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.47 196.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 490.68 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.54 196.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 524.40 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.82 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.68 196.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 184.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 155.25 184.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 180.29 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.45 184.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 237.88 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.04 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.53 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.47 184.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 303.62 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.55 184.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 342.59 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.75 184.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 397.68 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.73 184.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 424.59 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.31 184.10 Td (are ) Tj ET Q q 0 0 0 rg BT 440.23 184.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 488.03 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.52 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.46 184.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 172.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 149.76 172.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 193.75 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.85 172.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 225.92 172.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 253.79 172.10 Td (that ) Tj ET Q q 0 0 0 rg BT 270.56 172.10 Td (such ) Tj ET Q q 0 0 0 rg BT 290.67 172.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 327.43 172.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 371.42 172.10 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 426.51 172.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 459.93 172.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 472.82 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.81 172.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 509.70 172.10 Td (or ) Tj ET Q q 0 0 0 rg BT 519.81 172.10 Td (otherwise\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 160.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 162.97 160.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 202.67 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.50 160.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 233.79 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.72 160.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 267.58 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.08 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.02 160.10 Td (their ) Tj ET Q q 0 0 0 rg BT 307.85 160.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 343.10 160.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 368.93 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.87 160.10 Td (liabilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 142.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 142.10 Td (Ensure ) Tj ET Q q 0 0 0 rg BT 143.11 142.10 Td (that ) Tj ET Q q 0 0 0 rg BT 160.44 142.10 Td (all ) Tj ET Q q 0 0 0 rg BT 172.78 142.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 223.15 142.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 261.59 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.37 142.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 328.47 142.10 Td (between ) Tj ET Q q 0 0 0 rg BT 364.13 142.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 384.25 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.03 142.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 417.89 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.23 142.10 Td (are ) Tj ET Q q 0 0 0 rg BT 434.78 142.10 Td (on ) Tj ET Q q 0 0 0 rg BT 447.12 142.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 471.67 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.45 142.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 532.46 142.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.79 142.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 130.10 Td (not ) Tj ET Q q 0 0 0 rg BT 128.32 130.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 171.41 130.10 Td (more ) Tj ET Q q 0 0 0 rg BT 194.50 130.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 234.80 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.13 130.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 265.46 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 276.33 130.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 293.19 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.74 130.10 Td (than ) Tj ET Q q 0 0 0 rg BT 315.50 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.27 130.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 355.03 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.01 130.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 416.23 130.10 Td (that ) Tj ET Q q 0 0 0 rg BT 433.77 130.10 Td (would ) Tj ET Q q 0 0 0 rg BT 461.31 130.10 Td (be ) Tj ET Q q 0 0 0 rg BT 473.30 130.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 511.38 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.70 130.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.12 130.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 118.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 150.21 118.10 Td (under ) Tj ET Q q 0 0 0 rg BT 175.75 118.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 206.30 118.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 268.22 118.10 Td (from ) Tj ET Q q 0 0 0 rg BT 290.43 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.64 118.10 Td (party ) Tj ET Q q 0 0 0 rg BT 320.96 118.10 Td (not ) Tj ET Q q 0 0 0 rg BT 336.52 118.10 Td (af) Tj ET Q q 0 0 0 rg BT 344.11 118.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 375.20 118.10 Td (with ) Tj ET Q q 0 0 0 rg BT 395.75 118.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 416.31 118.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.42 118.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 444.28 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.05 118.10 Td (\(particularly ) Tj ET Q q 0 0 0 rg BT 499.25 118.10 Td (including ) Tj ET Q q 0 0 0 rg BT 539.79 118.10 Td (terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.38 106.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 172.98 106.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 205.46 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.17 106.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 272.65 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.92 106.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 338.73 106.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 371.76 106.10 Td (by ) Tj ET Q q 0 0 0 rg BT 383.70 106.10 Td (one ) Tj ET Q q 0 0 0 rg BT 400.08 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.79 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.95 106.10 Td (other) Tj ET Q q 0 0 0 rg BT 444.09 106.10 Td (, ) Tj ET Q q 0 0 0 rg BT 448.53 106.10 Td (indemnification, ) Tj ET Q q 0 0 0 rg BT 516.28 106.10 Td (exclusivity) Tj ET Q q 0 0 0 rg BT 559.51 106.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 94.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 138.28 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.11 94.10 Td (first ) Tj ET Q q 0 0 0 rg BT 167.72 94.10 Td (of) Tj ET Q q 0 0 0 rg BT 175.87 94.10 Td (fer) Tj ET Q q 0 0 0 rg BT 186.56 94.10 Td (, ) Tj ET Q q 0 0 0 rg BT 191.56 94.10 Td (term ) Tj ET Q q 0 0 0 rg BT 212.39 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.33 94.10 Td (termination\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 76.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 76.10 Td (Not ) Tj ET Q q 0 0 0 rg BT 130.04 76.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 152.06 76.10 Td (into ) Tj ET Q q 0 0 0 rg BT 169.65 76.10 Td (any ) Tj ET Q q 0 0 0 rg BT 186.13 76.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 229.81 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.63 76.10 Td (be ) Tj ET Q q 0 0 0 rg BT 251.10 76.10 Td (named, ) Tj ET Q q 0 0 0 rg BT 282.29 76.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 314.87 76.10 Td (or ) Tj ET Q q 0 0 0 rg BT 325.24 76.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 362.91 76.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.45 76.10 Td (as ) Tj ET Q q 0 0 0 rg BT 377.82 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.29 76.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 409.09 76.10 Td (or ) Tj ET Q q 0 0 0 rg BT 419.46 76.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 463.71 76.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 510.72 76.10 Td (or ) Tj ET Q q 0 0 0 rg BT 521.09 76.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 538.69 76.10 Td (payee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 64.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.08 64.10 Td (any ) Tj ET Q q 0 0 0 rg BT 143.60 64.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 185.00 64.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 213.07 64.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 251.14 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.44 64.10 Td (property ) Tj ET Q q 0 0 0 rg BT 303.40 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.81 64.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 331.67 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.75 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 346.16 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.02 64.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 382.31 64.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 399.17 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.25 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.11 64.10 Td (be ) Tj ET Q q 0 0 0 rg BT 425.63 64.10 Td (named, ) Tj ET Q q 0 0 0 rg BT 457.86 64.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 491.49 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.90 64.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 540.57 64.10 Td (, ) Tj ET Q q 0 0 0 rg BT 546.15 64.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.56 64.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 52.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 138.26 52.10 Td (or ) Tj ET Q q 0 0 0 rg BT 149.09 52.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 193.81 52.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 241.28 52.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.11 52.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 270.17 52.10 Td (payee ) Tj ET Q q 0 0 0 rg BT 295.98 52.10 Td (on ) Tj ET Q q 0 0 0 rg BT 308.48 52.10 Td (any ) Tj ET Q q 0 0 0 rg BT 325.42 52.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 366.24 52.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 393.73 52.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 431.22 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.93 52.10 Td (property ) Tj ET Q q 0 0 0 rg BT 482.31 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.14 52.10 Td (PFL; ) Tj ET Q q 0 0 0 rg BT 515.65 52.10 Td (and) Tj ET Q endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td (Not ) Tj ET Q q 0 0 0 rg BT 129.55 742.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 145.00 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 160.99 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.87 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 181.87 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 221.19 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.52 742.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 247.39 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.94 742.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 274.37 742.10 Td (than ) Tj ET Q q 0 0 0 rg BT 293.14 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.91 742.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 339.00 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.89 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 377.64 742.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 401.96 742.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 424.63 742.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 466.72 742.10 Td (through ) Tj ET Q q 0 0 0 rg BT 499.38 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.15 742.10 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 730.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 134.94 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.22 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.93 730.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 192.97 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.80 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.52 730.10 Td (same ) Tj ET Q q 0 0 0 rg BT 241.56 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.84 730.10 Td (PFL\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.59 700.10 Td (resolutions ) Tj ET Q q 0 0 0 rg BT 149.51 700.10 Td (also ) Tj ET Q q 0 0 0 rg BT 167.66 700.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 200.24 700.10 Td (that ) Tj ET Q q 0 0 0 rg BT 217.28 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.09 700.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 251.35 700.10 Td (any ) Tj ET Q q 0 0 0 rg BT 267.83 700.10 Td (confusion ) Tj ET Q q 0 0 0 rg BT 309.30 700.10 Td (by ) Tj ET Q q 0 0 0 rg BT 321.34 700.10 Td (third ) Tj ET Q q 0 0 0 rg BT 342.27 700.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 370.96 700.10 Td (with ) Tj ET Q q 0 0 0 rg BT 390.78 700.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 421.13 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.95 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.20 700.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 480.00 700.10 Td (existence, ) Tj ET Q q 0 0 0 rg BT 521.74 700.10 Td (operation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.83 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.77 688.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 118.03 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.97 688.10 Td (other ) Tj ET Q q 0 0 0 rg BT 158.02 688.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 204.96 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.90 688.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 261.62 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.45 688.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 292.73 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.67 688.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 331.90 688.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 352.18 688.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 373.57 688.10 Td (observe ) Tj ET Q q 0 0 0 rg BT 407.17 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.88 688.10 Td (following ) Tj ET Q q 0 0 0 rg BT 463.27 688.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 505.76 688.10 Td (principles:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 670.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 652.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 652.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 132.95 652.10 Td (shall, ) Tj ET Q q 0 0 0 rg BT 156.49 652.10 Td (at ) Tj ET Q q 0 0 0 rg BT 165.87 652.10 Td (all ) Tj ET Q q 0 0 0 rg BT 178.03 652.10 Td (times, ) Tj ET Q q 0 0 0 rg BT 204.36 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.30 652.10 Td (its ) Tj ET Q q 0 0 0 rg BT 225.91 652.10 Td (public ) Tj ET Q q 0 0 0 rg BT 253.07 652.10 Td (filings, ) Tj ET Q q 0 0 0 rg BT 283.28 652.10 Td (press ) Tj ET Q q 0 0 0 rg BT 306.00 652.10 Td (releases, ) Tj ET Q q 0 0 0 rg BT 342.31 652.10 Td (websites ) Tj ET Q q 0 0 0 rg BT 378.91 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.51 652.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 439.05 652.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 458.99 652.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 481.14 652.10 Td (out ) Tj ET Q q 0 0 0 rg BT 496.08 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.02 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.40 652.10 Td (public ) Tj ET Q q 0 0 0 rg BT 547.56 652.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 640.10 Td (all ) Tj ET Q q 0 0 0 rg BT 125.24 640.10 Td (other ) Tj ET Q q 0 0 0 rg BT 148.02 640.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 180.82 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.50 640.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 228.62 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.19 640.10 Td (a ) Tj ET Q q 0 0 0 rg BT 245.87 640.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 267.55 640.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 292.56 640.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 327.56 640.10 Td (from ) Tj ET Q q 0 0 0 rg BT 349.24 640.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 366.10 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.34 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.02 640.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 409.46 640.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 426.33 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.57 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.59 640.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 458.61 640.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 480.84 640.10 Td (out ) Tj ET Q q 0 0 0 rg BT 495.86 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.88 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.34 640.10 Td (public ) Tj ET Q q 0 0 0 rg BT 547.58 640.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 628.10 Td (all ) Tj ET Q q 0 0 0 rg BT 125.50 628.10 Td (other ) Tj ET Q q 0 0 0 rg BT 148.54 628.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 181.59 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.53 628.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 229.91 628.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.74 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.68 628.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 269.62 628.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 294.89 628.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 330.14 628.10 Td (from ) Tj ET Q q 0 0 0 rg BT 352.08 628.10 Td (PMI;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 610.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 133.72 610.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 155.54 610.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 190.14 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 202.52 610.10 Td (business ) Tj ET Q q 0 0 0 rg BT 239.35 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.07 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 262.45 610.10 Td (own ) Tj ET Q q 0 0 0 rg BT 282.61 610.10 Td (name ) Tj ET Q q 0 0 0 rg BT 307.20 610.10 Td (so ) Tj ET Q q 0 0 0 rg BT 319.03 610.10 Td (as ) Tj ET Q q 0 0 0 rg BT 330.30 610.10 Td (not ) Tj ET Q q 0 0 0 rg BT 346.01 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.73 610.10 Td (mislead ) Tj ET Q q 0 0 0 rg BT 390.77 610.10 Td (third ) Tj ET Q q 0 0 0 rg BT 412.59 610.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 442.18 610.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.45 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.17 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.32 610.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 512.81 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.08 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.23 610.10 Td (entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 132.96 598.10 Td (which ) Tj ET Q q 0 0 0 rg BT 159.58 598.10 Td (such ) Tj ET Q q 0 0 0 rg BT 180.08 598.10 Td (third ) Tj ET Q q 0 0 0 rg BT 201.15 598.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 229.98 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.37 598.10 Td (dealing ) Tj ET Q q 0 0 0 rg BT 275.98 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.60 598.10 Td (strictly ) Tj ET Q q 0 0 0 rg BT 322.55 598.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 354.73 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 374.69 598.10 Td (all ) Tj ET Q q 0 0 0 rg BT 386.86 598.10 Td (or) Tj ET Q q 0 0 0 rg BT 395.01 598.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 446.06 598.10 Td (formalities ) Tj ET Q q 0 0 0 rg BT 491.56 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.17 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.57 598.10 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 586.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 137.17 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.44 586.10 Td (these ) Tj ET Q q 0 0 0 rg BT 170.49 586.10 Td (resolutions ) Tj ET Q q 0 0 0 rg BT 216.88 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.16 586.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 264.65 586.10 Td (its ) Tj ET Q q 0 0 0 rg BT 276.59 586.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 311.85 586.10 Td (existence;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 118.41 568.10 Td (o ) Tj ET Q q 0 0 0 rg BT 125.85 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.51 568.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 167.38 568.10 Td (that ) Tj ET Q q 0 0 0 rg BT 184.82 568.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 205.04 568.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 223.03 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 233.80 568.10 Td (an ) Tj ET Q q 0 0 0 rg BT 245.68 568.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 269.77 568.10 Td (for ) Tj ET Q q 0 0 0 rg BT 283.87 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 294.64 568.10 Td (on ) Tj ET Q q 0 0 0 rg BT 307.08 568.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 334.51 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.28 568.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 362.14 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.58 568.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 401.46 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.68 568.10 Td (any ) Tj ET Q q 0 0 0 rg BT 428.56 568.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 488.21 568.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 525.35 568.10 Td (servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 124.35 556.10 Td (other ) Tj ET Q q 0 0 0 rg BT 147.92 556.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 192.58 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 203.93 556.10 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 259.42 556.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 280.22 556.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 302.13 556.10 Td (take ) Tj ET Q q 0 0 0 rg BT 321.80 556.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 367.58 556.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 390.60 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.40 556.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 430.51 556.10 Td (that ) Tj ET Q q 0 0 0 rg BT 448.53 556.10 Td (third ) Tj ET Q q 0 0 0 rg BT 470.44 556.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 500.11 556.10 Td (understand ) Tj ET Q q 0 0 0 rg BT 547.01 556.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 544.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 133.28 544.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.45 544.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 169.39 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.67 544.10 Td (such ) Tj ET Q q 0 0 0 rg BT 200.50 544.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 236.31 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 250.47 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.30 544.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.80 544.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 301.28 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.11 544.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 328.97 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.47 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.41 544.10 Td (not ) Tj ET Q q 0 0 0 rg BT 363.69 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 377.85 544.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 400.34 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.17 544.10 Td (its ) Tj ET Q q 0 0 0 rg BT 423.12 544.10 Td (own ) Tj ET Q q 0 0 0 rg BT 442.84 544.10 Td (account; ) Tj ET Q q 0 0 0 rg BT 479.22 544.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 526.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 133.38 526.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 154.87 526.10 Td (take ) Tj ET Q q 0 0 0 rg BT 174.12 526.10 Td (prompt ) Tj ET Q q 0 0 0 rg BT 205.60 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.64 526.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 267.99 526.10 Td (action ) Tj ET Q q 0 0 0 rg BT 295.02 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.40 526.10 Td (correct ) Tj ET Q q 0 0 0 rg BT 335.75 526.10 Td (any ) Tj ET Q q 0 0 0 rg BT 352.79 526.10 Td (known ) Tj ET Q q 0 0 0 rg BT 382.60 526.10 Td (misunderstanding ) Tj ET Q q 0 0 0 rg BT 456.31 526.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 497.22 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.03 526.10 Td (separateness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.83 514.10 Td (its ) Tj ET Q q 0 0 0 rg BT 135.78 514.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 157.71 514.10 Td (identity) Tj ET Q q 0 0 0 rg BT 187.61 514.10 Td (, ) Tj ET Q q 0 0 0 rg BT 192.61 514.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 220.94 514.10 Td (credit, ) Tj ET Q q 0 0 0 rg BT 248.71 514.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 295.65 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.59 514.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 352.31 514.10 Td (from ) Tj ET Q q 0 0 0 rg BT 374.25 514.10 Td (those ) Tj ET Q q 0 0 0 rg BT 397.85 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.68 514.10 Td (PFL.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 71.94 484.10 Td (Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.85 454.10 Td (has ) Tj ET Q q 0 0 0 rg BT 122.17 454.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 151.81 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.58 454.10 Td (compensate ) Tj ET Q q 0 0 0 rg BT 212.77 454.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 233.54 454.10 Td (with ) Tj ET Q q 0 0 0 rg BT 254.31 454.10 Td (three ) Tj ET Q q 0 0 0 rg BT 277.29 454.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 296.38 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.03 454.10 Td (its ) Tj ET Q q 0 0 0 rg BT 323.47 454.10 Td (various ) Tj ET Q q 0 0 0 rg BT 355.90 454.10 Td (roles ) Tj ET Q q 0 0 0 rg BT 378.33 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.76 454.10 Td (related ) Tj ET Q q 0 0 0 rg BT 425.95 454.10 Td (services ) Tj ET Q q 0 0 0 rg BT 461.15 454.10 Td (under ) Tj ET Q q 0 0 0 rg BT 486.91 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 454.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 412.10 Td (First, ) Tj ET Q q 0 0 0 rg BT 111.52 412.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 128.38 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.05 412.10 Td (owes ) Tj ET Q q 0 0 0 rg BT 158.28 412.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 183.24 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.70 412.10 Td (its ) Tj ET Q q 0 0 0 rg BT 209.82 412.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 247.81 412.10 Td (as ) Tj ET Q q 0 0 0 rg BT 260.82 412.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 304.45 412.10 Td (Administrator) Tj ET Q q 0 0 0 rg BT 360.15 412.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.33 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.44 412.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 414.45 412.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 456.88 412.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 519.33 412.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 536.21 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 552.55 412.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 108.81 400.10 Td (services ) Tj ET Q q 0 0 0 rg BT 142.62 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.99 400.10 Td (overseeing ) Tj ET Q q 0 0 0 rg BT 196.91 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.73 400.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 232.32 400.10 Td (business ) Tj ET Q q 0 0 0 rg BT 267.82 400.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 311.07 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.00 400.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 337.86 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.46 400.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 356.61 400.10 Td ("PMI ) Tj ET Q q 0 0 0 rg BT 380.08 400.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 421.31 400.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 483.46 400.10 Td (Fee"\). ) Tj ET Q q 0 0 0 rg BT 509.30 400.10 Td (This ) Tj ET Q q 0 0 0 rg BT 528.68 400.10 Td (monthly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 65.12 388.10 Td (is ) Tj ET Q q 0 0 0 rg BT 74.70 388.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 99.27 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.96 388.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 131.20 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.45 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.58 388.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 216.03 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.38 388.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 267.95 388.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 290.86 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.10 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.23 388.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 339.58 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.93 388.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 403.72 388.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 445.51 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.75 388.10 Td (PMI; ) Tj ET Q q 0 0 0 rg BT 480.22 388.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 518.68 388.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 539.09 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 388.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (case ) Tj ET Q q 0 0 0 rg BT 69.40 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.92 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.33 376.10 Td (last ) Tj ET Q q 0 0 0 rg BT 110.41 376.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 147.03 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.55 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.96 376.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 191.94 376.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 233.63 376.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 296.37 376.10 Td (Fee ) Tj ET Q q 0 0 0 rg BT 313.00 376.10 Td (due ) Tj ET Q q 0 0 0 rg BT 329.63 376.10 Td (under ) Tj ET Q q 0 0 0 rg BT 354.59 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.52 376.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 430.77 376.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 479.89 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.30 376.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 526.48 376.10 Td (due ) Tj ET Q q 0 0 0 rg BT 543.11 376.10 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.24 364.10 Td (pro-rated ) Tj ET Q q 0 0 0 rg BT 101.69 364.10 Td (by ) Tj ET Q q 0 0 0 rg BT 114.50 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.52 364.10 Td (number ) Tj ET Q q 0 0 0 rg BT 162.87 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.00 364.10 Td (days ) Tj ET Q q 0 0 0 rg BT 195.14 364.10 Td (from ) Tj ET Q q 0 0 0 rg BT 217.38 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.40 364.10 Td (last ) Tj ET Q q 0 0 0 rg BT 249.09 364.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 285.23 364.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 300.24 364.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 337.48 364.10 Td (date ) Tj ET Q q 0 0 0 rg BT 356.94 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.18 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.20 364.10 Td (date ) Tj ET Q q 0 0 0 rg BT 408.66 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 421.47 364.10 Td (which ) Tj ET Q q 0 0 0 rg BT 448.71 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.73 364.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 505.90 364.10 Td (Administrator ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (stopped ) Tj ET Q q 0 0 0 rg BT 83.61 352.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 125.00 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.71 352.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 179.97 352.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 239.67 352.10 Td (services ) Tj ET Q q 0 0 0 rg BT 274.38 352.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 312.97 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.25 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.42 352.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 399.92 352.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td (Second, ) Tj ET Q q 0 0 0 rg BT 120.87 322.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 137.73 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.66 322.10 Td (owes ) Tj ET Q q 0 0 0 rg BT 164.14 322.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 187.35 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.06 322.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 224.46 322.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 260.70 322.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.96 322.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 295.43 322.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 347.69 322.10 Td (Administrator) Tj ET Q q 0 0 0 rg BT 403.39 322.10 Td (, ) Tj ET Q q 0 0 0 rg BT 408.82 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.19 322.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 452.45 322.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 504.24 322.10 Td (administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 64.62 310.10 Td (for ) Tj ET Q q 0 0 0 rg BT 78.68 310.10 Td (its ) Tj ET Q q 0 0 0 rg BT 90.54 310.10 Td (services ) Tj ET Q q 0 0 0 rg BT 125.16 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.34 310.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 177.19 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.81 310.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 243.08 310.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 261.03 310.10 Td ("PMI ) Tj ET Q q 0 0 0 rg BT 285.31 310.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 308.26 310.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 360.64 310.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 401.38 310.10 Td (Fee"\). ) Tj ET Q q 0 0 0 rg BT 427.96 310.10 Td (This ) Tj ET Q q 0 0 0 rg BT 448.15 310.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 462.76 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 471.84 310.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 495.91 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.09 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.72 310.10 Td (product ) Tj ET Q q 0 0 0 rg BT 553.67 310.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td ($1) Tj ET Q q 0 0 0 rg BT 59.63 298.10 Td (12.50 ) Tj ET Q q 0 0 0 rg BT 84.63 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.57 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.28 298.10 Td (number ) Tj ET Q q 0 0 0 rg BT 149.33 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.16 298.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 200.98 298.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 227.92 298.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 258.19 298.10 Td (since ) Tj ET Q q 0 0 0 rg BT 281.24 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.95 298.10 Td (last ) Tj ET Q q 0 0 0 rg BT 312.34 298.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 348.17 298.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 362.88 298.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 399.81 298.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 268.10 Td (Third, ) Tj ET Q q 0 0 0 rg BT 112.27 268.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 129.13 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.68 268.10 Td (owes ) Tj ET Q q 0 0 0 rg BT 152.78 268.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 174.62 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.95 268.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 208.98 268.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 243.84 268.10 Td (as ) Tj ET Q q 0 0 0 rg BT 253.72 268.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 275.82 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.81 268.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 312.80 268.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 345.72 268.10 Td (, ) Tj ET Q q 0 0 0 rg BT 349.77 268.10 Td (a ) Tj ET Q q 0 0 0 rg BT 355.76 268.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 390.64 268.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 404.40 268.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.62 268.10 Td (its ) Tj ET Q q 0 0 0 rg BT 428.62 268.10 Td (services ) Tj ET Q q 0 0 0 rg BT 462.37 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.70 268.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 509.91 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.68 268.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 77.33 256.10 Td (\(such ) Tj ET Q q 0 0 0 rg BT 101.88 256.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 119.47 256.10 Td (together ) Tj ET Q q 0 0 0 rg BT 155.13 256.10 Td (with ) Tj ET Q q 0 0 0 rg BT 175.80 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.90 256.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 211.58 256.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 253.81 256.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 317.25 256.10 Td (Fee ) Tj ET Q q 0 0 0 rg BT 334.58 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.91 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.02 256.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 387.69 256.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 411.13 256.10 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 463.99 256.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 505.20 256.10 Td (Fee, ) Tj ET Q q 0 0 0 rg BT 525.03 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.14 256.10 Td ("PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (Fees"\). ) Tj ET Q q 0 0 0 rg BT 80.88 244.10 Td (This ) Tj ET Q q 0 0 0 rg BT 101.51 244.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 116.56 244.10 Td (is ) Tj ET Q q 0 0 0 rg BT 126.07 244.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 150.58 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.20 244.10 Td (90% ) Tj ET Q q 0 0 0 rg BT 182.38 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.55 244.10 Td (all ) Tj ET Q q 0 0 0 rg BT 206.39 244.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 245.89 244.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 264.84 244.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 303.77 244.10 Td (from ) Tj ET Q q 0 0 0 rg BT 326.06 244.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 348.34 244.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 380.62 244.10 Td (by ) Tj ET Q q 0 0 0 rg BT 393.47 244.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.65 244.10 Td (on ) Tj ET Q q 0 0 0 rg BT 417.49 244.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 445.32 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.50 244.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 473.36 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.20 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.49 244.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 519.66 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.84 244.10 Td (all ) Tj ET Q q 0 0 0 rg BT 543.68 244.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 232.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 90.08 232.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 114.80 232.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 133.40 232.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 171.99 232.10 Td (from ) Tj ET Q q 0 0 0 rg BT 193.93 232.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 215.87 232.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 247.81 232.10 Td (by ) Tj ET Q q 0 0 0 rg BT 260.31 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.14 232.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.64 232.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 311.12 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.95 232.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 338.81 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.31 232.10 Td (since ) Tj ET Q q 0 0 0 rg BT 364.36 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.08 232.10 Td (last ) Tj ET Q q 0 0 0 rg BT 395.46 232.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 431.30 232.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 446.01 232.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 482.94 232.10 Td (date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 78.61 202.10 Td (Historical ) Tj ET Q q 0 0 0 rg BT 123.32 202.10 Td (Performance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 172.10 Td (See ) Tj ET Q q 0 0 0 rg BT 104.06 172.10 Td ("About ) Tj ET Q q 0 0 0 rg BT 136.75 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.59 172.10 Td (Marketplace-Historical ) Tj ET Q q 0 0 0 rg BT 248.94 172.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 303.64 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.59 172.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 357.53 172.10 Td (Loans" ) Tj ET Q q 0 0 0 rg BT 389.66 172.10 Td (for ) Tj ET Q q 0 0 0 rg BT 404.94 172.10 Td (information ) Tj ET Q q 0 0 0 rg BT 455.77 172.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 497.70 172.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 524.80 172.10 Td (historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (performance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 78.61 130.10 Td (Prior) Tj ET Q q 0 0 0 rg BT 101.19 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.69 130.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 150.08 130.10 Td (Structur) Tj ET Q q 0 0 0 rg BT 186.56 130.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 100.10 Td (From ) Tj ET Q q 0 0 0 rg BT 110.21 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.97 100.10 Td (launch ) Tj ET Q q 0 0 0 rg BT 154.17 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.05 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.81 100.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 231.21 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.53 100.10 Td (February ) Tj ET Q q 0 0 0 rg BT 280.17 100.10 Td (2006 ) Tj ET Q q 0 0 0 rg BT 302.72 100.10 Td (until ) Tj ET Q q 0 0 0 rg BT 323.60 100.10 Td (October ) Tj ET Q q 0 0 0 rg BT 358.35 100.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 373.39 100.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 398.44 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.20 100.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 453.50 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.38 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.14 100.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 530.54 100.10 Td (dif) Tj ET Q q 0 0 0 rg BT 541.47 100.10 Td (fered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.34 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.47 88.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 122.36 88.10 Td (described ) Tj ET Q q 0 0 0 rg BT 162.58 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.26 88.10 Td (this ) Tj ET Q q 0 0 0 rg BT 188.62 88.10 Td (prospectus, ) Tj ET Q q 0 0 0 rg BT 235.79 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.14 88.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 271.82 88.10 Td (did ) Tj ET Q q 0 0 0 rg BT 286.51 88.10 Td (not ) Tj ET Q q 0 0 0 rg BT 301.19 88.10 Td (of) Tj ET Q q 0 0 0 rg BT 309.34 88.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 322.35 88.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 360.90 88.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 397.24 88.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 440.24 88.10 Td (notes. ) Tj ET Q q 0 0 0 rg BT 465.76 88.10 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 499.04 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.16 88.10 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 84.42 76.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 123.28 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.82 76.10 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 174.62 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.82 76.10 Td (take ) Tj ET Q q 0 0 0 rg BT 211.23 76.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 258.99 76.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 272.58 76.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 313.66 76.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 340.86 76.10 Td (directly) Tj ET Q q 0 0 0 rg BT 370.75 76.10 Td (. ) Tj ET Q q 0 0 0 rg BT 376.01 76.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 417.09 76.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 444.29 76.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 482.05 76.10 Td (from ) Tj ET Q q 0 0 0 rg BT 504.25 76.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 535.90 76.10 Td (posted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.59 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.05 64.10 Td (April ) Tj ET Q q 0 0 0 rg BT 104.32 64.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 118.97 64.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 141.13 64.10 Td (were ) Tj ET Q q 0 0 0 rg BT 162.71 64.10 Td (made ) Tj ET Q q 0 0 0 rg BT 186.52 64.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.68 64.10 Td (PMI; ) Tj ET Q q 0 0 0 rg BT 221.40 64.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 244.66 64.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 281.81 64.10 Td (from ) Tj ET Q q 0 0 0 rg BT 303.41 64.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 334.46 64.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 362.72 64.10 Td (on ) Tj ET Q q 0 0 0 rg BT 374.88 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.36 64.10 Td (after ) Tj ET Q q 0 0 0 rg BT 405.36 64.10 Td (April ) Tj ET Q q 0 0 0 rg BT 428.62 64.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 443.28 64.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 465.44 64.10 Td (were ) Tj ET Q q 0 0 0 rg BT 487.02 64.10 Td (made ) Tj ET Q q 0 0 0 rg BT 510.83 64.10 Td (by ) Tj ET Q q 0 0 0 rg BT 522.83 64.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.47 64.10 Td (ebBank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.41 52.10 Td (then ) Tj ET Q q 0 0 0 rg BT 85.61 52.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 104.25 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.66 52.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 157.08 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.83 52.10 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 189.09 52.10 Td (In ) Tj ET Q q 0 0 0 rg BT 199.39 52.10 Td (each ) Tj ET Q q 0 0 0 rg BT 219.69 52.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 241.37 52.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 261.13 52.10 Td (then ) Tj ET Q q 0 0 0 rg BT 280.32 52.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 298.96 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.38 52.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 351.79 52.10 Td (such ) Tj ET Q q 0 0 0 rg BT 372.09 52.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 395.18 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.93 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.12 52.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 457.21 52.10 Td (who ) Tj ET Q q 0 0 0 rg BT 476.40 52.10 Td (were ) Tj ET Q q 0 0 0 rg BT 497.81 52.10 Td (winning ) Tj ET Q q 0 0 0 rg BT 532.56 52.10 Td (bidders ) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.38 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.32 742.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 105.65 742.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 133.36 742.10 Td (this ) Tj ET Q q 0 0 0 rg BT 150.53 742.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 190.74 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.90 742.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 237.28 742.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 275.53 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 282.69 742.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 318.17 742.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 365.89 742.10 Td (note ) Tj ET Q q 0 0 0 rg BT 385.83 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 400.21 742.10 Td (each ) Tj ET Q q 0 0 0 rg BT 421.25 742.10 Td (winning ) Tj ET Q q 0 0 0 rg BT 456.75 742.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 472.25 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 489.97 742.10 Td (was ) Tj ET Q q 0 0 0 rg BT 508.24 742.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 537.06 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.78 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 95.38 730.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 123.41 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.22 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.47 730.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 182.50 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.86 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 211.88 730.10 Td (bid, ) Tj ET Q q 0 0 0 rg BT 230.19 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 257.66 730.10 Td (note ) Tj ET Q q 0 0 0 rg BT 277.91 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 296.49 730.10 Td (then ) Tj ET Q q 0 0 0 rg BT 316.74 730.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 336.44 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.91 730.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 391.38 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 404.41 730.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 425.23 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.04 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.29 730.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 486.53 730.10 Td (who ) Tj ET Q q 0 0 0 rg BT 506.79 730.10 Td (made ) Tj ET Q q 0 0 0 rg BT 531.47 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.72 730.10 Td (bid, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 81.12 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.68 718.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 117.95 718.10 Td (right ) Tj ET Q q 0 0 0 rg BT 139.63 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.20 718.10 Td (service ) Tj ET Q q 0 0 0 rg BT 181.30 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.31 718.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 222.71 718.10 Td (In ) Tj ET Q q 0 0 0 rg BT 233.83 718.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 271.89 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.90 718.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 320.24 718.10 Td (Rating ) Tj ET Q q 0 0 0 rg BT 349.70 718.10 Td (system ) Tj ET Q q 0 0 0 rg BT 380.27 718.10 Td (did ) Tj ET Q q 0 0 0 rg BT 395.84 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 411.41 718.10 Td (exist ) Tj ET Q q 0 0 0 rg BT 433.08 718.10 Td (during ) Tj ET Q q 0 0 0 rg BT 461.98 718.10 Td (this ) Tj ET Q q 0 0 0 rg BT 479.22 718.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 510.06 718.10 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 544.23 718.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 86.94 706.10 Td (one ) Tj ET Q q 0 0 0 rg BT 103.88 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.71 706.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 139.98 706.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 163.02 706.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 188.28 706.10 Td (grades ) Tj ET Q q 0 0 0 rg BT 216.88 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.16 706.10 Td (listings ) Tj ET Q q 0 0 0 rg BT 258.55 706.10 Td (based ) Tj ET Q q 0 0 0 rg BT 283.82 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 296.32 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.04 706.10 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 355.88 706.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 381.15 706.10 Td (score.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 676.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.60 676.10 Td (October ) Tj ET Q q 0 0 0 rg BT 131.07 676.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 155.83 676.10 Td (due ) Tj ET Q q 0 0 0 rg BT 172.54 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.58 676.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 204.28 676.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 257.64 676.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 290.44 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.49 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.97 676.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 336.67 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.27 676.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 370.64 676.10 Td (of) Tj ET Q q 0 0 0 rg BT 378.79 676.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 401.60 676.10 Td (through ) Tj ET Q q 0 0 0 rg BT 434.97 676.10 Td (this ) Tj ET Q q 0 0 0 rg BT 451.68 676.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 473.39 676.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 524.51 676.10 Td (structure, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.11 664.10 Td (as ) Tj ET Q q 0 0 0 rg BT 76.12 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 82.23 664.10 Td (result ) Tj ET Q q 0 0 0 rg BT 106.12 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.13 664.10 Td (discussions ) Tj ET Q q 0 0 0 rg BT 163.36 664.10 Td (with ) Tj ET Q q 0 0 0 rg BT 182.82 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.71 664.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 216.72 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.84 664.10 Td (various ) Tj ET Q q 0 0 0 rg BT 263.95 664.10 Td (state ) Tj ET Q q 0 0 0 rg BT 283.95 664.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 323.39 664.10 Td (regulators, ) Tj ET Q q 0 0 0 rg BT 367.55 664.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 387.01 664.10 Td (decided ) Tj ET Q q 0 0 0 rg BT 419.78 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.23 664.10 Td (suspend ) Tj ET Q q 0 0 0 rg BT 463.13 664.10 Td (note ) Tj ET Q q 0 0 0 rg BT 482.02 664.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 503.13 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.24 664.10 Td (restructure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 652.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 118.37 652.10 Td (Shortly ) Tj ET Q q 0 0 0 rg BT 150.21 652.10 Td (after ) Tj ET Q q 0 0 0 rg BT 170.92 652.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 190.82 652.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 211.00 652.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 231.72 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.55 652.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 286.49 652.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 327.21 652.10 Td (with ) Tj ET Q q 0 0 0 rg BT 347.38 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.00 652.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 382.73 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.91 652.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 417.51 652.10 Td (its ) Tj ET Q q 0 0 0 rg BT 429.35 652.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 447.30 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.02 652.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 477.64 652.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 501.14 652.10 Td (under ) Tj ET Q q 0 0 0 rg BT 526.31 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.14 652.10 Td (revised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 101.36 640.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 141.34 640.10 Td (which ) Tj ET Q q 0 0 0 rg BT 168.28 640.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.45 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.17 640.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 229.65 640.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.15 640.10 Td (is ) Tj ET Q q 0 0 0 rg BT 256.32 640.10 Td (still ) Tj ET Q q 0 0 0 rg BT 273.82 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.10 640.10 Td (place ) Tj ET Q q 0 0 0 rg BT 307.70 640.10 Td (today) Tj ET Q q 0 0 0 rg BT 329.26 640.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (From ) Tj ET Q q 0 0 0 rg BT 109.00 610.10 Td (October ) Tj ET Q q 0 0 0 rg BT 142.53 610.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 156.36 610.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 177.69 610.10 Td (until ) Tj ET Q q 0 0 0 rg BT 197.35 610.10 Td (July ) Tj ET Q q 0 0 0 rg BT 215.34 610.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 229.17 610.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 253.00 610.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 272.11 610.10 Td (did ) Tj ET Q q 0 0 0 rg BT 286.21 610.10 Td (not ) Tj ET Q q 0 0 0 rg BT 300.32 610.10 Td (of) Tj ET Q q 0 0 0 rg BT 308.47 610.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 320.90 610.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 358.33 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.88 610.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 419.87 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.97 610.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 465.84 610.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 488.27 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 499.60 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.14 610.10 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.52 598.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 86.39 598.10 Td (did ) Tj ET Q q 0 0 0 rg BT 101.26 598.10 Td (not ) Tj ET Q q 0 0 0 rg BT 116.12 598.10 Td (accept ) Tj ET Q q 0 0 0 rg BT 143.74 598.10 Td (new ) Tj ET Q q 0 0 0 rg BT 162.49 598.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 196.79 598.10 Td (registrations. ) Tj ET Q q 0 0 0 rg BT 250.81 598.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 270.68 598.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 312.20 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.07 598.10 Td (service ) Tj ET Q q 0 0 0 rg BT 352.47 598.10 Td (all ) Tj ET Q q 0 0 0 rg BT 364.55 598.10 Td (previously-funded ) Tj ET Q q 0 0 0 rg BT 439.95 598.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 480.36 598.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 509.38 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.91 598.10 Td (investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.30 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.38 586.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 107.80 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.44 586.10 Td (access ) Tj ET Q q 0 0 0 rg BT 144.84 586.10 Td (their ) Tj ET Q q 0 0 0 rg BT 165.02 586.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 204.37 586.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 237.90 586.10 Td (their ) Tj ET Q q 0 0 0 rg BT 258.09 586.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 298.27 586.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 324.57 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.87 586.10 Td (withdraw ) Tj ET Q q 0 0 0 rg BT 380.51 586.10 Td (available ) Tj ET Q q 0 0 0 rg BT 418.46 586.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 445.04 586.10 Td (During ) Tj ET Q q 0 0 0 rg BT 475.23 586.10 Td (this ) Tj ET Q q 0 0 0 rg BT 491.55 586.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 521.46 586.10 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.74 574.10 Td (still ) Tj ET Q q 0 0 0 rg BT 92.27 574.10 Td (request ) Tj ET Q q 0 0 0 rg BT 123.67 574.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 149.80 574.10 Td (but ) Tj ET Q q 0 0 0 rg BT 165.11 574.10 Td (those ) Tj ET Q q 0 0 0 rg BT 188.74 574.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 208.48 574.10 Td (requests ) Tj ET Q q 0 0 0 rg BT 243.77 574.10 Td (were ) Tj ET Q q 0 0 0 rg BT 265.73 574.10 Td (forwarded ) Tj ET Q q 0 0 0 rg BT 309.34 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.64 574.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 364.93 574.10 Td (that ) Tj ET Q q 0 0 0 rg BT 382.45 574.10 Td (had ) Tj ET Q q 0 0 0 rg BT 399.41 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.38 574.10 Td (pre-existing ) Tj ET Q q 0 0 0 rg BT 456.67 574.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 506.40 574.10 Td (with ) Tj ET Q q 0 0 0 rg BT 526.70 574.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 547.01 574.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 562.10 Td (make ) Tj ET Q q 0 0 0 rg BT 98.87 562.10 Td (or ) Tj ET Q q 0 0 0 rg BT 109.70 562.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 147.18 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.12 562.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 173.83 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.11 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.83 562.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 234.93 562.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 532.10 Td (For ) Tj ET Q q 0 0 0 rg BT 101.98 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.50 532.10 Td (brief ) Tj ET Q q 0 0 0 rg BT 129.46 532.10 Td (period ) Tj ET Q q 0 0 0 rg BT 157.09 532.10 Td (between ) Tj ET Q q 0 0 0 rg BT 192.03 532.10 Td (April ) Tj ET Q q 0 0 0 rg BT 215.23 532.10 Td (28, ) Tj ET Q q 0 0 0 rg BT 229.81 532.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 251.90 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.42 532.10 Td (May ) Tj ET Q q 0 0 0 rg BT 288.84 532.10 Td (8, ) Tj ET Q q 0 0 0 rg BT 298.42 532.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 323.01 532.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 348.57 532.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 378.43 532.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 407.18 532.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 450.37 532.10 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 483.01 532.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 509.53 532.10 Td (Marketplace, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 68.66 520.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 99.82 520.10 Td (has ) Tj ET Q q 0 0 0 rg BT 116.54 520.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 172.14 520.10 Td (been ) Tj ET Q q 0 0 0 rg BT 194.41 520.10 Td (dissolved\) ) Tj ET Q q 0 0 0 rg BT 238.91 520.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 283.39 520.10 Td (an ) Tj ET Q q 0 0 0 rg BT 296.22 520.10 Td (intrastate ) Tj ET Q q 0 0 0 rg BT 336.26 520.10 Td (of) Tj ET Q q 0 0 0 rg BT 344.41 520.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 371.68 520.10 Td (under ) Tj ET Q q 0 0 0 rg BT 397.84 520.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 431.22 520.10 Td (3\(a\)\(1) Tj ET Q q 0 0 0 rg BT 455.28 520.10 Td (1\) ) Tj ET Q q 0 0 0 rg BT 467.00 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.72 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.33 520.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 536.40 520.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 554.23 520.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (California ) Tj ET Q q 0 0 0 rg BT 93.04 508.10 Td (residents ) Tj ET Q q 0 0 0 rg BT 131.08 508.10 Td (only) Tj ET Q q 0 0 0 rg BT 148.21 508.10 Td (. ) Tj ET Q q 0 0 0 rg BT 153.20 508.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 173.48 508.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 216.52 508.10 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 249.56 508.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 273.16 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.43 508.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 329.80 508.10 Td (with ) Tj ET Q q 0 0 0 rg BT 350.07 508.10 Td (this ) Tj ET Q q 0 0 0 rg BT 367.02 508.10 Td (of) Tj ET Q q 0 0 0 rg BT 375.17 508.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 404.04 508.10 Td (but ) Tj ET Q q 0 0 0 rg BT 419.31 508.10 Td (did ) Tj ET Q q 0 0 0 rg BT 434.58 508.10 Td (not ) Tj ET Q q 0 0 0 rg BT 449.86 508.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 466.24 508.10 Td (any ) Tj ET Q q 0 0 0 rg BT 483.17 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.00 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.71 508.10 Td (related ) Tj ET Q q 0 0 0 rg BT 538.41 508.10 Td (notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 72.30 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.39 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.91 496.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 114.76 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.39 496.10 Td (these ) Tj ET Q q 0 0 0 rg BT 148.24 496.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 174.15 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.67 496.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 209.32 496.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 251.05 496.10 Td (concerns ) Tj ET Q q 0 0 0 rg BT 288.89 496.10 Td (that ) Tj ET Q q 0 0 0 rg BT 306.19 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.71 496.10 Td (of) Tj ET Q q 0 0 0 rg BT 328.86 496.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 355.04 496.10 Td (might ) Tj ET Q q 0 0 0 rg BT 380.68 496.10 Td (violate ) Tj ET Q q 0 0 0 rg BT 410.19 496.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 454.17 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.80 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.32 496.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 520.55 496.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 539.79 496.10 Td (Upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (learning ) Tj ET Q q 0 0 0 rg BT 85.50 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.58 484.10 Td (these ) Tj ET Q q 0 0 0 rg BT 119.86 484.10 Td (concerns, ) Tj ET Q q 0 0 0 rg BT 160.64 484.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 181.16 484.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 226.66 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.62 484.10 Td (of) Tj ET Q q 0 0 0 rg BT 249.77 484.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 276.39 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.57 484.10 Td (informed ) Tj ET Q q 0 0 0 rg BT 332.96 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.92 484.10 Td (winning ) Tj ET Q q 0 0 0 rg BT 383.44 484.10 Td (bidders ) Tj ET Q q 0 0 0 rg BT 415.62 484.10 Td (on ) Tj ET Q q 0 0 0 rg BT 428.36 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.32 484.10 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 476.60 484.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 500.45 484.10 Td (that ) Tj ET Q q 0 0 0 rg BT 518.19 484.10 Td (were ) Tj ET Q q 0 0 0 rg BT 540.35 484.10 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.77 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.77 472.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 106.66 472.10 Td (could ) Tj ET Q q 0 0 0 rg BT 131.66 472.10 Td (not ) Tj ET Q q 0 0 0 rg BT 147.21 472.10 Td (be ) Tj ET Q q 0 0 0 rg BT 159.43 472.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 178.88 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.44 472.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 214.72 472.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 240.97 472.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 289.85 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.96 472.10 Td (these ) Tj ET Q q 0 0 0 rg BT 324.29 472.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 348.17 472.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 370.39 472.10 Td (was ) Tj ET Q q 0 0 0 rg BT 388.72 472.10 Td (based ) Tj ET Q q 0 0 0 rg BT 414.27 472.10 Td (on ) Tj ET Q q 0 0 0 rg BT 427.05 472.10 Td (its ) Tj ET Q q 0 0 0 rg BT 439.28 472.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 498.70 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.92 472.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 554.24 472.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.91 460.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 99.83 460.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 148.07 460.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 192.41 460.10 Td (that ) Tj ET Q q 0 0 0 rg BT 210.10 460.10 Td (it ) Tj ET Q q 0 0 0 rg BT 218.35 460.10 Td (had ) Tj ET Q q 0 0 0 rg BT 235.49 460.10 Td (complied ) Tj ET Q q 0 0 0 rg BT 275.40 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.88 460.10 Td (all ) Tj ET Q q 0 0 0 rg BT 298.57 460.10 Td (material ) Tj ET Q q 0 0 0 rg BT 334.03 460.10 Td (respects ) Tj ET Q q 0 0 0 rg BT 368.93 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 389.41 460.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 433.19 460.10 Td (law ) Tj ET Q q 0 0 0 rg BT 450.33 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.81 460.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 507.38 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 527.85 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.77 460.10 Td (of) Tj ET Q q 0 0 0 rg BT 550.92 460.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 448.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 84.99 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.82 448.10 Td (all ) Tj ET Q q 0 0 0 rg BT 108.31 448.10 Td (notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.08 418.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 124.94 418.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 161.33 418.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 187.34 418.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 235.41 418.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 276.26 418.10 Td (ef) Tj ET Q q 0 0 0 rg BT 283.85 418.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 313.58 418.10 Td (on ) Tj ET Q q 0 0 0 rg BT 326.10 418.10 Td (July ) Tj ET Q q 0 0 0 rg BT 345.30 418.10 Td (10, ) Tj ET Q q 0 0 0 rg BT 360.33 418.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 382.86 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.83 418.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 420.14 418.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 470.98 418.10 Td (its ) Tj ET Q q 0 0 0 rg BT 482.95 418.10 Td (of) Tj ET Q q 0 0 0 rg BT 491.10 418.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 517.51 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.37 418.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 552.00 418.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (July ) Tj ET Q q 0 0 0 rg BT 68.42 406.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 82.66 406.10 Td (2009. ) Tj ET Q q 0 0 0 rg BT 106.91 406.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 132.13 406.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 171.09 406.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 207.82 406.10 Td (results ) Tj ET Q q 0 0 0 rg BT 235.68 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.86 406.10 Td (much ) Tj ET Q q 0 0 0 rg BT 275.83 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.90 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.87 406.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 343.28 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.81 406.10 Td ("Management's ) Tj ET Q q 0 0 0 rg BT 416.53 406.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 462.17 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.97 406.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 514.72 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.80 406.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 91.97 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.37 394.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 139.79 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.08 394.10 Td (Operations" ) Tj ET Q q 0 0 0 rg BT 200.01 394.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 231.40 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.58 394.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 282.53 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.82 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.01 394.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 338.97 394.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 389.79 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.19 394.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 431.64 394.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 475.26 394.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 496.66 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.40 394.10 Td (July ) Tj ET Q q 0 0 0 rg BT 525.04 394.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 539.50 394.10 Td (2009. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (For ) Tj ET Q q 0 0 0 rg BT 67.10 382.10 Td (more ) Tj ET Q q 0 0 0 rg BT 90.86 382.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 143.79 382.10 Td (see ) Tj ET Q q 0 0 0 rg BT 159.77 382.10 Td ("Management's ) Tj ET Q q 0 0 0 rg BT 224.96 382.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 272.06 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.00 382.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 327.21 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.75 382.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 379.18 382.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 422.40 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.05 382.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 472.71 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.25 382.10 Td (Operations-Prosper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 104.97 370.10 Td (Inc." ) Tj ET Q q 0 0 0 rg BT 126.82 370.10 Td (located ) Tj ET Q q 0 0 0 rg BT 158.19 370.10 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 200.67 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.95 370.10 Td (this ) Tj ET Q q 0 0 0 rg BT 227.90 370.10 Td (prospectus.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 94.16 340.10 Td (Law ) Tj ET Q q 0 0 0 rg BT 115.55 340.10 Td (Compliance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.10 Td (From ) Tj ET Q q 0 0 0 rg BT 110.86 310.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 137.53 310.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 204.03 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.55 310.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 260.40 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.37 310.10 Td (February ) Tj ET Q q 0 0 0 rg BT 310.66 310.10 Td (2006 ) Tj ET Q q 0 0 0 rg BT 333.85 310.10 Td (through ) Tj ET Q q 0 0 0 rg BT 368.15 310.10 Td (October ) Tj ET Q q 0 0 0 rg BT 403.55 310.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 419.25 310.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 444.94 310.10 Td (it ) Tj ET Q q 0 0 0 rg BT 453.69 310.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 473.55 310.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 534.50 310.10 Td ($178.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (million ) Tj ET Q q 0 0 0 rg BT 81.25 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.95 298.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 115.42 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.56 298.10 Td (its ) Tj ET Q q 0 0 0 rg BT 137.37 298.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 175.84 298.10 Td (through ) Tj ET Q q 0 0 0 rg BT 209.31 298.10 Td (an ) Tj ET Q q 0 0 0 rg BT 221.11 298.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 261.24 298.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 298.58 298.10 Td (that ) Tj ET Q q 0 0 0 rg BT 315.94 298.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 353.30 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.88 298.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 385.79 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.59 298.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 449.95 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.64 298.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 508.00 298.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 531.47 298.10 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.07 286.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 100.96 286.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 121.03 286.10 Td (did ) Tj ET Q q 0 0 0 rg BT 136.10 286.10 Td (not ) Tj ET Q q 0 0 0 rg BT 151.16 286.10 Td (register ) Tj ET Q q 0 0 0 rg BT 183.44 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.94 286.10 Td (of) Tj ET Q q 0 0 0 rg BT 206.09 286.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 219.48 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.20 286.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 254.04 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.66 286.10 Td (these ) Tj ET Q q 0 0 0 rg BT 287.49 286.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 334.78 286.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 358.17 286.10 Td (under ) Tj ET Q q 0 0 0 rg BT 383.23 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.73 286.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 438.95 286.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 455.68 286.10 Td (or ) Tj ET Q q 0 0 0 rg BT 466.29 286.10 Td (under ) Tj ET Q q 0 0 0 rg BT 491.35 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.85 286.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 553.68 286.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (qualification ) Tj ET Q q 0 0 0 rg BT 103.62 274.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 148.37 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.78 274.10 Td (any ) Tj ET Q q 0 0 0 rg BT 177.30 274.10 Td (state ) Tj ET Q q 0 0 0 rg BT 198.70 274.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 239.54 274.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 263.46 274.10 Td (In ) Tj ET Q q 0 0 0 rg BT 274.87 274.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 301.42 274.10 Td (view) Tj ET Q q 0 0 0 rg BT 320.21 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 325.79 274.10 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 367.74 274.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 403.03 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 414.44 274.10 Td (not ) Tj ET Q q 0 0 0 rg BT 430.30 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.60 274.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 486.44 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.85 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.15 274.10 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 88.52 262.10 Td (an ) Tj ET Q q 0 0 0 rg BT 101.47 262.10 Td (of) Tj ET Q q 0 0 0 rg BT 109.62 262.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 124.24 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 136.09 262.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 155.16 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.01 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 174.97 262.10 Td ("security" ) Tj ET Q q 0 0 0 rg BT 218.31 262.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 256.83 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.79 262.10 Td (complicated ) Tj ET Q q 0 0 0 rg BT 317.17 262.10 Td (factual ) Tj ET Q q 0 0 0 rg BT 347.90 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.85 262.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 388.81 262.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 424.55 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.50 262.10 Td (was ) Tj ET Q q 0 0 0 rg BT 461.58 262.10 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 504.80 262.10 Td (If ) Tj ET Q q 0 0 0 rg BT 514.98 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.72 262.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 553.68 262.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 97.49 250.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 121.08 250.10 Td (of) Tj ET Q q 0 0 0 rg BT 129.23 250.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 152.26 250.10 Td (through ) Tj ET Q q 0 0 0 rg BT 185.85 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.55 250.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 251.90 250.10 Td (were ) Tj ET Q q 0 0 0 rg BT 273.81 250.10 Td (viewed ) Tj ET Q q 0 0 0 rg BT 305.18 250.10 Td (as ) Tj ET Q q 0 0 0 rg BT 315.99 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.92 250.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 363.17 250.10 Td (of) Tj ET Q q 0 0 0 rg BT 371.32 250.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 400.18 250.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 420.45 250.10 Td (may ) Tj ET Q q 0 0 0 rg BT 440.16 250.10 Td (have ) Tj ET Q q 0 0 0 rg BT 461.52 250.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 486.77 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.04 250.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 529.52 250.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.78 250.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 98.00 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.90 238.10 Td (qualification ) Tj ET Q q 0 0 0 rg BT 167.89 238.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 222.55 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.34 238.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 263.55 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.44 238.10 Td (state ) Tj ET Q q 0 0 0 rg BT 301.23 238.10 Td (law ) Tj ET Q q 0 0 0 rg BT 318.12 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.02 238.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 360.95 238.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 399.52 238.10 Td (who ) Tj ET Q q 0 0 0 rg BT 419.20 238.10 Td (held ) Tj ET Q q 0 0 0 rg BT 438.87 238.10 Td (these ) Tj ET Q q 0 0 0 rg BT 461.88 238.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 509.33 238.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 532.90 238.10 Td (may ) Tj ET Q q 0 0 0 rg BT 552.58 238.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 82.89 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.57 226.10 Td (rescission ) Tj ET Q q 0 0 0 rg BT 135.91 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.14 226.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 177.26 226.10 Td (principal, ) Tj ET Q q 0 0 0 rg BT 218.20 226.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 237.77 226.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 275.66 226.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 310.50 226.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 349.27 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 354.67 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.79 226.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 400.44 226.10 Td (statute ) Tj ET Q q 0 0 0 rg BT 429.45 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.68 226.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 486.36 226.10 Td (for ) Tj ET Q q 0 0 0 rg BT 500.92 226.10 Td (noncompliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.64 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.72 214.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 133.90 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.54 214.10 Td (register ) Tj ET Q q 0 0 0 rg BT 175.39 214.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 215.02 214.10 Td (under ) Tj ET Q q 0 0 0 rg BT 239.65 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.73 214.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 294.62 214.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 310.92 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 319.46 214.10 Td (one ) Tj ET Q q 0 0 0 rg BT 335.76 214.10 Td (year ) Tj ET Q q 0 0 0 rg BT 354.83 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 376.13 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.21 214.10 Td (violation, ) Tj ET Q q 0 0 0 rg BT 430.13 214.10 Td (although ) Tj ET Q q 0 0 0 rg BT 466.99 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.07 214.10 Td (statute ) Tj ET Q q 0 0 0 rg BT 509.04 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.23 214.10 Td (limitations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.86 202.10 Td (under ) Tj ET Q q 0 0 0 rg BT 102.93 202.10 Td (various ) Tj ET Q q 0 0 0 rg BT 134.68 202.10 Td (state ) Tj ET Q q 0 0 0 rg BT 155.31 202.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 175.95 202.10 Td (may ) Tj ET Q q 0 0 0 rg BT 195.48 202.10 Td (be ) Tj ET Q q 0 0 0 rg BT 207.22 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 221.19 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.94 202.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 255.80 202.10 Td (period ) Tj ET Q q 0 0 0 rg BT 283.65 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.29 202.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 316.87 202.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 335.84 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.93 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.45 202.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 382.20 202.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 429.48 202.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 470.11 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.63 202.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 506.38 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.02 202.10 Td (promissory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 74.43 190.10 Td (of) Tj ET Q q 0 0 0 rg BT 82.57 190.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 106.43 190.10 Td (through ) Tj ET Q q 0 0 0 rg BT 140.85 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.39 190.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 208.56 190.10 Td (under ) Tj ET Q q 0 0 0 rg BT 234.65 190.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 261.44 190.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 284.20 190.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 325.28 190.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 366.08 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.83 190.10 Td (as ) Tj ET Q q 0 0 0 rg BT 395.48 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 403.24 190.10 Td (result ) Tj ET Q q 0 0 0 rg BT 428.77 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.42 190.10 Td (discussions ) Tj ET Q q 0 0 0 rg BT 489.30 190.10 Td (with ) Tj ET Q q 0 0 0 rg BT 510.39 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.92 190.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 547.58 190.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (various ) Tj ET Q q 0 0 0 rg BT 83.08 178.10 Td (state ) Tj ET Q q 0 0 0 rg BT 105.06 178.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 146.47 178.10 Td (law ) Tj ET Q q 0 0 0 rg BT 164.55 178.10 Td (administrators, ) Tj ET Q q 0 0 0 rg BT 227.91 178.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 249.34 178.10 Td (decided ) Tj ET Q q 0 0 0 rg BT 284.08 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.50 178.10 Td (restructure ) Tj ET Q q 0 0 0 rg BT 341.91 178.10 Td (its ) Tj ET Q q 0 0 0 rg BT 355.00 178.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 400.30 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.73 178.10 Td (resolve ) Tj ET Q q 0 0 0 rg BT 444.25 178.10 Td (such ) Tj ET Q q 0 0 0 rg BT 466.23 178.10 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 510.56 178.10 Td (. ) Tj ET Q q 0 0 0 rg BT 516.70 178.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 538.13 178.10 Td (began ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 115.48 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.54 166.10 Td (this ) Tj ET Q q 0 0 0 rg BT 143.71 166.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 179.75 166.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.47 166.10 Td (October ) Tj ET Q q 0 0 0 rg BT 227.40 166.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 242.62 166.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 267.84 166.10 Td (when ) Tj ET Q q 0 0 0 rg BT 292.23 166.10 Td (it ) Tj ET Q q 0 0 0 rg BT 300.50 166.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 329.87 166.10 Td (of) Tj ET Q q 0 0 0 rg BT 338.02 166.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 364.62 166.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 403.45 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.38 166.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 467.77 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.27 166.10 Td (make ) Tj ET Q q 0 0 0 rg BT 502.65 166.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 522.58 166.10 Td (purchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.51 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.23 154.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 128.10 154.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 156.25 154.10 Td (accepting ) Tj ET Q q 0 0 0 rg BT 196.07 154.10 Td (new ) Tj ET Q q 0 0 0 rg BT 214.24 154.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 247.96 154.10 Td (registrations ) Tj ET Q q 0 0 0 rg BT 298.90 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.85 154.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 343.00 154.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 379.51 154.10 Td (new ) Tj ET Q q 0 0 0 rg BT 397.67 154.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 416.40 154.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 453.44 154.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 509.39 154.10 Td (from ) Tj ET Q q 0 0 0 rg BT 530.34 154.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 91.64 142.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 147.16 142.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 184.64 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.45 142.10 Td (this ) Tj ET Q q 0 0 0 rg BT 212.93 142.10 Td (decision, ) Tj ET Q q 0 0 0 rg BT 251.79 142.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 272.61 142.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 293.97 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.44 142.10 Td (prospectus, ) Tj ET Q q 0 0 0 rg BT 349.75 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.22 142.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 415.80 142.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 457.15 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.52 142.10 Td (which ) Tj ET Q q 0 0 0 rg BT 495.99 142.10 Td (it ) Tj ET Q q 0 0 0 rg BT 504.58 142.10 Td (formed ) Tj ET Q q 0 0 0 rg BT 536.49 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 543.96 142.10 Td (part, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.61 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.67 130.10 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 106.34 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.96 130.10 Td (which ) Tj ET Q q 0 0 0 rg BT 142.23 130.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 161.85 130.10 Td (described ) Tj ET Q q 0 0 0 rg BT 202.00 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.05 130.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 268.98 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.15 130.10 Td (its ) Tj ET Q q 0 0 0 rg BT 290.43 130.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 333.93 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.20 130.10 Td (its ) Tj ET Q q 0 0 0 rg BT 361.48 130.10 Td (new ) Tj ET Q q 0 0 0 rg BT 379.98 130.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 419.58 130.10 Td (structure. ) Tj ET Q q 0 0 0 rg BT 458.90 130.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 478.52 130.10 Td (resumed ) Tj ET Q q 0 0 0 rg BT 514.23 130.10 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (with ) Tj ET Q q 0 0 0 rg BT 71.08 118.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 110.48 118.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 143.78 118.10 Td (July ) Tj ET Q q 0 0 0 rg BT 163.75 118.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 179.54 118.10 Td (2009. ) Tj ET Q q 0 0 0 rg BT 205.34 118.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 232.12 118.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 268.74 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.82 118.10 Td (restructure ) Tj ET Q q 0 0 0 rg BT 325.87 118.10 Td (its ) Tj ET Q q 0 0 0 rg BT 338.62 118.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 383.57 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.31 118.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 426.25 118.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 448.99 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.62 118.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 508.91 118.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 533.32 118.10 Td (of) Tj ET Q q 0 0 0 rg BT 541.47 118.10 Td (fered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.92 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.94 106.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 150.61 106.10 Td (ef) Tj ET Q q 0 0 0 rg BT 158.20 106.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 188.21 106.10 Td (October ) Tj ET Q q 0 0 0 rg BT 223.23 106.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 238.53 106.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 261.34 106.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 292.48 106.10 Td (this ) Tj ET Q q 0 0 0 rg BT 309.74 106.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 354.76 106.10 Td (liability) Tj ET Q q 0 0 0 rg BT 385.22 106.10 Td (, ) Tj ET Q q 0 0 0 rg BT 390.53 106.10 Td (under ) Tj ET Q q 0 0 0 rg BT 416.11 106.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 446.67 106.10 Td (law) Tj ET Q q 0 0 0 rg BT 460.46 106.10 Td (, ) Tj ET Q q 0 0 0 rg BT 465.77 106.10 Td (so ) Tj ET Q q 0 0 0 rg BT 477.47 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 495.27 106.10 Td (it ) Tj ET Q q 0 0 0 rg BT 503.64 106.10 Td (only ) Tj ET Q q 0 0 0 rg BT 524.23 106.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.24 106.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 94.10 Td (period ) Tj ET Q q 0 0 0 rg BT 92.76 94.10 Td (from ) Tj ET Q q 0 0 0 rg BT 114.70 94.10 Td (February ) Tj ET Q q 0 0 0 rg BT 153.30 94.10 Td (2006 ) Tj ET Q q 0 0 0 rg BT 175.80 94.10 Td (until ) Tj ET Q q 0 0 0 rg BT 196.64 94.10 Td (October ) Tj ET Q q 0 0 0 rg BT 231.34 94.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 246.34 94.10 Td (2008.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 64.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.11 64.10 Td (April ) Tj ET Q q 0 0 0 rg BT 123.65 64.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 138.57 64.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 163.50 64.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 183.71 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.58 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.22 64.10 Td (North ) Tj ET Q q 0 0 0 rg BT 240.44 64.10 Td (American ) Tj ET Q q 0 0 0 rg BT 282.29 64.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 323.62 64.10 Td (Administrators ) Tj ET Q q 0 0 0 rg BT 385.50 64.10 Td (Association ) Tj ET Q q 0 0 0 rg BT 435.15 64.10 Td (\("NASAA"\) ) Tj ET Q q 0 0 0 rg BT 486.85 64.10 Td (reached ) Tj ET Q q 0 0 0 rg BT 520.36 64.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.67 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.56 52.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 99.45 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.45 52.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.56 52.10 Td (model ) Tj ET Q q 0 0 0 rg BT 142.23 52.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 174.44 52.10 Td (order ) Tj ET Q q 0 0 0 rg BT 197.21 52.10 Td (between ) Tj ET Q q 0 0 0 rg BT 232.20 52.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 251.66 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.77 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.65 52.10 Td (states ) Tj ET Q q 0 0 0 rg BT 305.54 52.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.99 52.10 Td (which ) Tj ET Q q 0 0 0 rg BT 341.10 52.10 Td (it, ) Tj ET Q q 0 0 0 rg BT 350.83 52.10 Td (under ) Tj ET Q q 0 0 0 rg BT 375.27 52.10 Td (its ) Tj ET Q q 0 0 0 rg BT 386.39 52.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 411.39 52.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 447.50 52.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 486.65 52.10 Td (of) Tj ET Q q 0 0 0 rg BT 494.80 52.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 517.01 52.10 Td (promissory ) Tj ET Q endstream endobj 205 0 obj <> endobj 206 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 73.45 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 87.45 742.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 105.34 742.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 138.22 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.34 742.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 186.79 742.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 208.56 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.68 742.10 Td (November ) Tj ET Q q 0 0 0 rg BT 263.23 742.10 Td (2008. ) Tj ET Q q 0 0 0 rg BT 287.90 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 305.79 742.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 338.68 742.10 Td (order ) Tj ET Q q 0 0 0 rg BT 362.12 742.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 398.34 742.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 435.12 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 447.46 742.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 467.58 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.25 742.10 Td (up ) Tj ET Q q 0 0 0 rg BT 490.59 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.71 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 512.49 742.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 553.69 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 62.72 730.10 Td (million ) Tj ET Q q 0 0 0 rg BT 94.33 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.83 730.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 145.60 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 172.76 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 194.35 730.10 Td (been ) Tj ET Q q 0 0 0 rg BT 215.95 730.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 254.76 730.10 Td (among ) Tj ET Q q 0 0 0 rg BT 284.70 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.64 730.10 Td (states ) Tj ET Q q 0 0 0 rg BT 324.58 730.10 Td (based ) Tj ET Q q 0 0 0 rg BT 350.07 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.79 730.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 388.99 730.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 436.71 730.10 Td (note ) Tj ET Q q 0 0 0 rg BT 456.64 730.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 474.91 730.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 521.51 730.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 554.22 730.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (each ) Tj ET Q q 0 0 0 rg BT 70.96 718.10 Td (state ) Tj ET Q q 0 0 0 rg BT 91.93 718.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 114.01 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.43 718.10 Td (November ) Tj ET Q q 0 0 0 rg BT 169.28 718.10 Td (2008. ) Tj ET Q q 0 0 0 rg BT 193.84 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 200.51 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.15 718.10 Td (state ) Tj ET Q q 0 0 0 rg BT 224.12 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 241.76 718.10 Td (enters ) Tj ET Q q 0 0 0 rg BT 268.28 718.10 Td (into ) Tj ET Q q 0 0 0 rg BT 286.48 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.56 718.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 326.75 718.10 Td (order ) Tj ET Q q 0 0 0 rg BT 350.49 718.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 385.89 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 397.98 718.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 429.51 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.48 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.34 718.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 467.99 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 499.52 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.94 718.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 550.34 718.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (its ) Tj ET Q q 0 0 0 rg BT 62.16 706.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 106.51 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.00 706.10 Td (terminate, ) Tj ET Q q 0 0 0 rg BT 159.97 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 171.01 706.10 Td (refrain ) Tj ET Q q 0 0 0 rg BT 200.37 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 222.52 706.10 Td (initiating, ) Tj ET Q q 0 0 0 rg BT 263.84 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 280.99 706.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 335.36 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.40 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 362.44 706.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 410.16 706.10 Td (note ) Tj ET Q q 0 0 0 rg BT 430.08 706.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 448.34 706.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 487.15 706.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 509.30 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.79 706.10 Td (November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (2008. ) Tj ET Q q 0 0 0 rg BT 75.04 694.10 Td (Penalties ) Tj ET Q q 0 0 0 rg BT 113.68 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 128.42 694.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 148.18 694.10 Td (promptly ) Tj ET Q q 0 0 0 rg BT 187.38 694.10 Td (after ) Tj ET Q q 0 0 0 rg BT 208.24 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.21 694.10 Td (state ) Tj ET Q q 0 0 0 rg BT 236.08 694.10 Td (enters ) Tj ET Q q 0 0 0 rg BT 262.49 694.10 Td (into ) Tj ET Q q 0 0 0 rg BT 280.59 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.56 694.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 320.65 694.10 Td (order) Tj ET Q q 0 0 0 rg BT 341.19 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 346.23 694.10 Td (NASAA) Tj ET Q q 0 0 0 rg BT 380.13 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.67 694.10 Td (has ) Tj ET Q q 0 0 0 rg BT 398.54 694.10 Td (recommended ) Tj ET Q q 0 0 0 rg BT 457.71 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 475.25 694.10 Td (each ) Tj ET Q q 0 0 0 rg BT 496.10 694.10 Td (state ) Tj ET Q q 0 0 0 rg BT 516.96 694.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 539.49 694.10 Td (into ) Tj ET Q q 0 0 0 rg BT 557.58 694.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 82.99 682.10 Td (order; ) Tj ET Q q 0 0 0 rg BT 109.31 682.10 Td (however) Tj ET Q q 0 0 0 rg BT 143.34 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 148.29 682.10 Td (no ) Tj ET Q q 0 0 0 rg BT 160.73 682.10 Td (state ) Tj ET Q q 0 0 0 rg BT 181.50 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 190.62 682.10 Td (obliged ) Tj ET Q q 0 0 0 rg BT 223.06 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.28 682.10 Td (do ) Tj ET Q q 0 0 0 rg BT 245.73 682.10 Td (so, ) Tj ET Q q 0 0 0 rg BT 259.57 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.45 682.10 Td (there ) Tj ET Q q 0 0 0 rg BT 298.88 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 308.00 682.10 Td (no ) Tj ET Q q 0 0 0 rg BT 320.44 682.10 Td (deadline ) Tj ET Q q 0 0 0 rg BT 356.76 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 369.20 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 396.09 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.97 682.10 Td (state ) Tj ET Q q 0 0 0 rg BT 423.74 682.10 Td (must ) Tj ET Q q 0 0 0 rg BT 445.63 682.10 Td (make ) Tj ET Q q 0 0 0 rg BT 469.74 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 481.63 682.10 Td (decision. ) Tj ET Q q 0 0 0 rg BT 519.90 682.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 540.13 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 549.24 682.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (required ) Tj ET Q q 0 0 0 rg BT 86.14 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.75 670.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 114.02 670.10 Td (any ) Tj ET Q q 0 0 0 rg BT 131.29 670.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 163.00 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.16 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.20 670.10 Td (penalty ) Tj ET Q q 0 0 0 rg BT 221.47 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.07 670.10 Td (those ) Tj ET Q q 0 0 0 rg BT 256.01 670.10 Td (states ) Tj ET Q q 0 0 0 rg BT 281.06 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 298.88 670.10 Td (do ) Tj ET Q q 0 0 0 rg BT 311.71 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 327.32 670.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 349.02 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.62 670.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 382.44 670.10 Td (into ) Tj ET Q q 0 0 0 rg BT 400.82 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.09 670.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 441.46 670.10 Td (order) Tj ET Q q 0 0 0 rg BT 462.01 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 467.34 670.10 Td (If ) Tj ET Q q 0 0 0 rg BT 476.83 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 484.10 670.10 Td (state ) Tj ET Q q 0 0 0 rg BT 505.25 670.10 Td (does ) Tj ET Q q 0 0 0 rg BT 526.41 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 542.02 670.10 Td (enter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (into ) Tj ET Q q 0 0 0 rg BT 68.95 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 76.78 658.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 110.72 658.10 Td (order) Tj ET Q q 0 0 0 rg BT 131.42 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 137.31 658.10 Td (it ) Tj ET Q q 0 0 0 rg BT 146.26 658.10 Td (is ) Tj ET Q q 0 0 0 rg BT 156.33 658.10 Td (free ) Tj ET Q q 0 0 0 rg BT 175.26 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.43 658.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 216.48 658.10 Td (its ) Tj ET Q q 0 0 0 rg BT 229.33 658.10 Td (own ) Tj ET Q q 0 0 0 rg BT 249.94 658.10 Td (remedies ) Tj ET Q q 0 0 0 rg BT 289.43 658.10 Td (against ) Tj ET Q q 0 0 0 rg BT 321.15 658.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 344.82 658.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 376.54 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.71 658.10 Td (any ) Tj ET Q q 0 0 0 rg BT 405.55 658.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 450.03 658.10 Td (statute ) Tj ET Q q 0 0 0 rg BT 479.53 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.25 658.10 Td (limitations. ) Tj ET Q q 0 0 0 rg BT 539.17 658.10 Td (As ) Tj ET Q q 0 0 0 rg BT 553.68 658.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 94.08 646.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.08 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.57 646.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 140.34 646.10 Td (has ) Tj ET Q q 0 0 0 rg BT 156.65 646.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 189.06 646.10 Td (into ) Tj ET Q q 0 0 0 rg BT 207.60 646.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 241.13 646.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 269.11 646.10 Td (with ) Tj ET Q q 0 0 0 rg BT 289.87 646.10 Td (34 ) Tj ET Q q 0 0 0 rg BT 302.86 646.10 Td (states ) Tj ET Q q 0 0 0 rg BT 328.06 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.48 646.10 Td (has ) Tj ET Q q 0 0 0 rg BT 361.80 646.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 382.00 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 394.42 646.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 436.27 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.58 646.10 Td ($0.78 ) Tj ET Q q 0 0 0 rg BT 473.07 646.10 Td (million ) Tj ET Q q 0 0 0 rg BT 504.94 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.71 646.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 554.23 646.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (those ) Tj ET Q q 0 0 0 rg BT 74.49 634.10 Td (states. ) Tj ET Q q 0 0 0 rg BT 101.85 634.10 Td (As ) Tj ET Q q 0 0 0 rg BT 116.35 634.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.07 634.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 172.55 634.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.55 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 198.44 634.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 219.61 634.10 Td (has ) Tj ET Q q 0 0 0 rg BT 236.32 634.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 270.79 634.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 331.94 634.10 Td ($0.12 ) Tj ET Q q 0 0 0 rg BT 357.82 634.10 Td (million ) Tj ET Q q 0 0 0 rg BT 390.10 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.27 634.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 448.52 634.10 Td (with ) Tj ET Q q 0 0 0 rg BT 469.69 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.29 634.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 530.89 634.10 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.59 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.87 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.59 622.10 Td (states ) Tj ET Q q 0 0 0 rg BT 153.31 622.10 Td (that ) Tj ET Q q 0 0 0 rg BT 170.80 622.10 Td (have ) Tj ET Q q 0 0 0 rg BT 192.18 622.10 Td (not ) Tj ET Q q 0 0 0 rg BT 207.46 622.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 239.38 622.10 Td (into ) Tj ET Q q 0 0 0 rg BT 257.44 622.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 290.48 622.10 Td (orders, ) Tj ET Q q 0 0 0 rg BT 320.47 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.75 622.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 378.21 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 397.94 622.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 419.71 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 425.12 622.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 444.84 622.10 Td (450, ) Tj ET Q q 0 0 0 rg BT 464.84 622.10 Td (Contingencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.00 592.10 Td (change ) Tj ET Q q 0 0 0 rg BT 134.77 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.01 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.68 592.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 199.90 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.68 592.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 236.61 592.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 290.43 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.10 592.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 342.55 592.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 383.61 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 394.40 592.10 Td (well ) Tj ET Q q 0 0 0 rg BT 414.07 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 424.85 592.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 450.79 592.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 488.24 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.02 592.10 Td (new ) Tj ET Q q 0 0 0 rg BT 518.14 592.10 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (pronouncements, ) Tj ET Q q 0 0 0 rg BT 122.03 580.10 Td (have ) Tj ET Q q 0 0 0 rg BT 144.35 580.10 Td (had ) Tj ET Q q 0 0 0 rg BT 162.23 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.11 580.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 215.76 580.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 246.41 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 259.85 580.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 286.77 580.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 325.19 580.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 370.84 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.72 580.10 Td (results ) Tj ET Q q 0 0 0 rg BT 418.27 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.04 580.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 475.13 580.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.23 580.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 523.11 580.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (September ) Tj ET Q q 0 0 0 rg BT 96.08 568.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 111.90 568.10 Td (2009. ) Tj ET Q q 0 0 0 rg BT 140.22 568.10 Td (For ) Tj ET Q q 0 0 0 rg BT 157.43 568.10 Td (more ) Tj ET Q q 0 0 0 rg BT 181.30 568.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 234.33 568.10 Td (see ) Tj ET Q q 0 0 0 rg BT 250.42 568.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 276.50 568.10 Td (7. ) Tj ET Q q 0 0 0 rg BT 287.32 568.10 Td (Management) Tj ET Q q 0 0 0 rg BT 342.30 568.10 Td (s ) Tj ET Q q 0 0 0 rg BT 349.51 568.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 396.72 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.75 568.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 452.07 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.72 568.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 504.25 568.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 547.57 568.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 81.73 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.34 556.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 142.94 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.55 556.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 170.42 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.70 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.42 556.10 Td (PMI) Tj ET Q q 0 0 0 rg BT 209.98 556.10 Td (s ) Tj ET Q q 0 0 0 rg BT 215.65 556.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 247.37 556.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 276.87 556.10 Td (on ) Tj ET Q q 0 0 0 rg BT 289.15 556.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 313.11 556.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 335.94 556.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.88 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.38 556.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 388.32 556.10 Td (year ) Tj ET Q q 0 0 0 rg BT 407.81 556.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 433.97 556.10 Td (December ) Tj ET Q q 0 0 0 rg BT 477.34 556.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 492.12 556.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 516.90 556.10 Td (pages ) Tj ET Q q 0 0 0 rg BT 541.95 556.10 Td (39 ) Tj ET Q q 0 0 0 rg BT 554.24 556.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (56, ) Tj ET Q q 0 0 0 rg BT 65.45 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 82.84 544.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 108.55 544.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 119.00 544.10 Td (Management) Tj ET Q q 0 0 0 rg BT 173.98 544.10 Td (s ) Tj ET Q q 0 0 0 rg BT 180.82 544.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 227.66 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.40 544.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 282.35 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.63 544.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 333.79 544.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 376.74 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.13 544.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 426.53 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.81 544.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 489.07 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.35 544.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 517.21 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 520.16 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.55 544.10 Td (PMI) Tj ET Q q 0 0 0 rg BT 558.11 544.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 91.00 532.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 120.91 532.10 Td (on ) Tj ET Q q 0 0 0 rg BT 133.59 532.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 157.95 532.10 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 181.19 532.10 Td (for ) Tj ET Q q 0 0 0 rg BT 195.54 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.44 532.10 Td (three ) Tj ET Q q 0 0 0 rg BT 233.11 532.10 Td (months ) Tj ET Q q 0 0 0 rg BT 265.25 532.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 291.81 532.10 Td (March ) Tj ET Q q 0 0 0 rg BT 320.60 532.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 335.78 532.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 360.97 532.10 Td (pages ) Tj ET Q q 0 0 0 rg BT 386.43 532.10 Td (44 ) Tj ET Q q 0 0 0 rg BT 399.11 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.58 532.10 Td (54, ) Tj ET Q q 0 0 0 rg BT 424.77 532.10 Td (each ) Tj ET Q q 0 0 0 rg BT 445.77 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.79 532.10 Td (which ) Tj ET Q q 0 0 0 rg BT 483.91 532.10 Td (are ) Tj ET Q q 0 0 0 rg BT 498.81 532.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 552.02 532.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 89.68 520.10 Td (into ) Tj ET Q q 0 0 0 rg BT 107.74 520.10 Td (this ) Tj ET Q q 0 0 0 rg BT 124.69 520.10 Td (prospectus.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.05 493.10 Td (GOVERNMENT) Tj ET Q q 0 0 0 rg BT 307.76 493.10 Td ( REGULA) Tj ET Q q 0 0 0 rg BT 352.30 493.10 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 433.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.52 433.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 135.48 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.89 433.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 191.62 433.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 232.48 433.10 Td (are ) Tj ET Q q 0 0 0 rg BT 246.65 433.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 274.18 433.10 Td (regulated. ) Tj ET Q q 0 0 0 rg BT 315.71 433.10 Td (W) Tj ET Q q 0 0 0 rg BT 324.35 433.10 Td (e, ) Tj ET Q q 0 0 0 rg BT 333.25 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.44 433.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 372.74 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.15 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.33 433.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 443.62 433.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 470.03 433.10 Td (are ) Tj ET Q q 0 0 0 rg BT 484.21 433.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 514.50 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.25 433.10 Td (extensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.30 421.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 102.59 421.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 123.89 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.19 421.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 188.85 421.10 Td (W) Tj ET Q q 0 0 0 rg BT 197.49 421.10 Td (e ) Tj ET Q q 0 0 0 rg BT 203.79 421.10 Td (also ) Tj ET Q q 0 0 0 rg BT 221.76 421.10 Td (are ) Tj ET Q q 0 0 0 rg BT 235.82 421.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 266.01 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.65 421.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 313.61 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.91 421.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 381.20 421.10 Td (by ) Tj ET Q q 0 0 0 rg BT 393.06 421.10 Td (various ) Tj ET Q q 0 0 0 rg BT 424.36 421.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 456.47 421.10 Td (state ) Tj ET Q q 0 0 0 rg BT 476.66 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.96 421.10 Td (local ) Tj ET Q q 0 0 0 rg BT 514.25 421.10 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 96.67 409.10 Td (These ) Tj ET Q q 0 0 0 rg BT 122.66 409.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 166.98 409.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 197.98 409.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 244.53 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.08 409.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 307.63 409.10 Td (on ) Tj ET Q q 0 0 0 rg BT 319.74 409.10 Td (our ) Tj ET Q q 0 0 0 rg BT 335.18 409.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 373.39 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.94 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.26 409.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 444.70 409.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 471.24 409.10 Td (made ) Tj ET Q q 0 0 0 rg BT 495.01 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.56 409.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 537.00 409.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.80 397.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.83 397.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 153.88 397.10 Td (In ) Tj ET Q q 0 0 0 rg BT 164.90 397.10 Td (particular) Tj ET Q q 0 0 0 rg BT 202.81 397.10 Td (, ) Tj ET Q q 0 0 0 rg BT 208.01 397.10 Td (these ) Tj ET Q q 0 0 0 rg BT 231.25 397.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 253.38 397.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 274.97 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.88 397.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 308.67 397.10 Td (that ) Tj ET Q q 0 0 0 rg BT 326.36 397.10 Td (may ) Tj ET Q q 0 0 0 rg BT 346.27 397.10 Td (be ) Tj ET Q q 0 0 0 rg BT 358.41 397.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 394.98 397.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.68 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.59 397.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 463.60 397.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 493.23 397.10 Td (require ) Tj ET Q q 0 0 0 rg BT 524.24 397.10 Td (extensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 92.23 385.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 104.18 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.30 385.10 Td (consents ) Tj ET Q q 0 0 0 rg BT 156.42 385.10 Td (from, ) Tj ET Q q 0 0 0 rg BT 180.03 385.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 222.25 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.37 385.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 283.09 385.10 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 316.44 385.10 Td (discrimination ) Tj ET Q q 0 0 0 rg BT 375.88 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.00 385.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 422.57 385.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 457.58 385.10 Td (qualification ) Tj ET Q q 0 0 0 rg BT 509.79 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.91 385.10 Td (licensing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.71 373.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.97 373.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 160.10 373.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 200.96 373.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 231.55 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.60 373.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 273.86 373.10 Td (with ) Tj ET Q q 0 0 0 rg BT 293.90 373.10 Td (these ) Tj ET Q q 0 0 0 rg BT 316.71 373.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 371.18 373.10 Td (may ) Tj ET Q q 0 0 0 rg BT 390.66 373.10 Td (result ) Tj ET Q q 0 0 0 rg BT 415.15 373.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 427.69 373.10 Td (among ) Tj ET Q q 0 0 0 rg BT 457.17 373.10 Td (other ) Tj ET Q q 0 0 0 rg BT 479.99 373.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 509.20 373.10 Td (revocation ) Tj ET Q q 0 0 0 rg BT 553.67 373.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (required ) Tj ET Q q 0 0 0 rg BT 87.92 361.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 124.18 361.10 Td (or ) Tj ET Q q 0 0 0 rg BT 137.11 361.10 Td (registration, ) Tj ET Q q 0 0 0 rg BT 189.76 361.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 209.93 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.86 361.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 264.67 361.10 Td (status, ) Tj ET Q q 0 0 0 rg BT 294.56 361.10 Td (voiding ) Tj ET Q q 0 0 0 rg BT 329.72 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.65 361.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 364.47 361.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 407.67 361.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 475.59 361.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 517.41 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.79 361.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (counterparties, ) Tj ET Q q 0 0 0 rg BT 111.31 349.10 Td (class ) Tj ET Q q 0 0 0 rg BT 132.92 349.10 Td (action ) Tj ET Q q 0 0 0 rg BT 159.52 349.10 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 196.97 349.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 256.35 349.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 308.49 349.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 338.99 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.60 349.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 375.54 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.15 349.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 427.64 349.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 469.37 349.10 Td (While ) Tj ET Q q 0 0 0 rg BT 495.97 349.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 544.23 349.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (such ) Tj ET Q q 0 0 0 rg BT 71.00 337.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 125.87 337.10 Td (is ) Tj ET Q q 0 0 0 rg BT 135.21 337.10 Td (at ) Tj ET Q q 0 0 0 rg BT 145.10 337.10 Td (times ) Tj ET Q q 0 0 0 rg BT 169.44 337.10 Td (complicated ) Tj ET Q q 0 0 0 rg BT 220.98 337.10 Td (by ) Tj ET Q q 0 0 0 rg BT 233.65 337.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.65 337.10 Td (novel ) Tj ET Q q 0 0 0 rg BT 274.54 337.10 Td (business ) Tj ET Q q 0 0 0 rg BT 311.10 337.10 Td (model, ) Tj ET Q q 0 0 0 rg BT 341.26 337.10 Td (we ) Tj ET Q q 0 0 0 rg BT 355.60 337.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 387.14 337.10 Td (we ) Tj ET Q q 0 0 0 rg BT 401.47 337.10 Td (are ) Tj ET Q q 0 0 0 rg BT 416.35 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.80 337.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 472.24 337.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 521.00 337.10 Td (with ) Tj ET Q q 0 0 0 rg BT 541.45 337.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 72.14 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.28 325.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 138.72 325.10 Td (These ) Tj ET Q q 0 0 0 rg BT 165.30 325.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 187.44 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.58 325.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 251.71 325.10 Td (are ) Tj ET Q q 0 0 0 rg BT 266.62 325.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 297.65 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.13 325.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 354.72 325.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 388.24 325.10 Td (however) Tj ET Q q 0 0 0 rg BT 422.26 325.10 Td (, ) Tj ET Q q 0 0 0 rg BT 427.47 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.61 325.10 Td (a ) Tj ET Q q 0 0 0 rg BT 451.75 325.10 Td (material ) Tj ET Q q 0 0 0 rg BT 487.21 325.10 Td (change ) Tj ET Q q 0 0 0 rg BT 518.22 325.10 Td (could ) Tj ET Q q 0 0 0 rg BT 543.14 325.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.94 313.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 94.98 313.10 Td (ef) Tj ET Q q 0 0 0 rg BT 102.56 313.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 120.05 313.10 Td (on ) Tj ET Q q 0 0 0 rg BT 132.55 313.10 Td (our ) Tj ET Q q 0 0 0 rg BT 148.38 313.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 196.97 313.10 Td (ef) Tj ET Q q 0 0 0 rg BT 204.56 313.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 225.39 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.32 313.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 270.38 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.65 313.10 Td (operate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (State ) Tj ET Q q 0 0 0 rg BT 74.16 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.78 283.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 128.05 283.10 Td (Laws ) Tj ET Q q 0 0 0 rg BT 153.33 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.95 283.10 Td (Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 253.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 253.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.44 253.10 Td (description ) Tj ET Q q 0 0 0 rg BT 142.64 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.74 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.72 253.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 189.82 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.02 253.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 254.23 253.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 298.08 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.63 253.10 Td (us ) Tj ET Q q 0 0 0 rg BT 320.29 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.49 253.10 Td (our ) Tj ET Q q 0 0 0 rg BT 353.59 253.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 405.22 253.10 Td (is ) Tj ET Q q 0 0 0 rg BT 414.65 253.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 452.97 253.10 Td (in ) Tj ET Q q 0 0 0 rg BT 463.51 253.10 Td ("Business ) Tj ET Q q 0 0 0 rg BT 505.92 253.10 Td (- ) Tj ET Q q 0 0 0 rg BT 512.02 253.10 Td (Government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (Regulation" ) Tj ET Q q 0 0 0 rg BT 99.55 241.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.91 241.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 128.83 241.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 137.91 241.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 155.61 241.10 Td (I ) Tj ET Q q 0 0 0 rg BT 160.52 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.44 241.10 Td (our ) Tj ET Q q 0 0 0 rg BT 185.00 241.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 216.03 241.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 244.83 241.10 Td (on ) Tj ET Q q 0 0 0 rg BT 256.42 241.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 279.67 241.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 301.81 241.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.06 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.86 241.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 352.10 241.10 Td (year ) Tj ET Q q 0 0 0 rg BT 370.89 241.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 396.36 241.10 Td (December ) Tj ET Q q 0 0 0 rg BT 439.03 241.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 453.11 241.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 477.20 241.10 Td (which ) Tj ET Q q 0 0 0 rg BT 503.22 241.10 Td (is ) Tj ET Q q 0 0 0 rg BT 511.48 241.10 Td (incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 229.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 102.18 229.10 Td (into ) Tj ET Q q 0 0 0 rg BT 120.24 229.10 Td (this ) Tj ET Q q 0 0 0 rg BT 137.19 229.10 Td (prospectus.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (States ) Tj ET Q q 0 0 0 rg BT 78.05 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 88.71 199.10 Td (Which ) Tj ET Q q 0 0 0 rg BT 119.55 199.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 137.89 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.39 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.01 199.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 180.95 199.10 Td (Curr) Tj ET Q q 0 0 0 rg BT 202.43 199.10 Td (ently ) Tj ET Q q 0 0 0 rg BT 226.04 199.10 Td (Operate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 169.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.14 169.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 155.60 169.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 191.51 169.10 Td (online ) Tj ET Q q 0 0 0 rg BT 219.10 169.10 Td (only ) Tj ET Q q 0 0 0 rg BT 239.48 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.51 169.10 Td (is ) Tj ET Q q 0 0 0 rg BT 265.78 169.10 Td (available ) Tj ET Q q 0 0 0 rg BT 304.46 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.84 169.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 357.98 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.35 169.10 Td (all ) Tj ET Q q 0 0 0 rg BT 380.94 169.10 Td (states ) Tj ET Q q 0 0 0 rg BT 405.76 169.10 Td (except ) Tj ET Q q 0 0 0 rg BT 434.45 169.10 Td (Iowa, ) Tj ET Q q 0 0 0 rg BT 459.54 169.10 Td (Maine, ) Tj ET Q q 0 0 0 rg BT 490.18 169.10 Td (North ) Tj ET Q q 0 0 0 rg BT 516.11 169.10 Td (Dakota ) Tj ET Q q 0 0 0 rg BT 547.58 169.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 157.10 Td (est ) Tj ET Q q 0 0 0 rg BT 71.87 157.10 Td (V) Tj ET Q q 0 0 0 rg BT 78.49 157.10 Td (ir) Tj ET Q q 0 0 0 rg BT 84.42 157.10 Td (ginia. ) Tj ET Q q 0 0 0 rg BT 109.03 157.10 Td (W) Tj ET Q q 0 0 0 rg BT 117.67 157.10 Td (e ) Tj ET Q q 0 0 0 rg BT 124.39 157.10 Td (have ) Tj ET Q q 0 0 0 rg BT 145.55 157.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 187.26 157.10 Td (or ) Tj ET Q q 0 0 0 rg BT 197.88 157.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 235.71 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.21 157.10 Td (of) Tj ET Q q 0 0 0 rg BT 258.36 157.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 271.74 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.46 157.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 306.30 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.91 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.41 157.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 357.03 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.75 157.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 393.82 157.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 448.31 157.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 476.71 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.77 157.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 499.06 157.10 Td (states ) Tj ET Q q 0 0 0 rg BT 523.56 157.10 Td (as ) Tj ET Q q 0 0 0 rg BT 534.18 157.10 Td (well ) Tj ET Q q 0 0 0 rg BT 553.68 157.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 145.10 Td (ashington ) Tj ET Q q 0 0 0 rg BT 100.09 145.10 Td (D.C., ) Tj ET Q q 0 0 0 rg BT 124.05 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.05 145.10 Td (will ) Tj ET Q q 0 0 0 rg BT 159.17 145.10 Td (of) Tj ET Q q 0 0 0 rg BT 167.32 145.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 180.98 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.77 145.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 221.66 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.66 145.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 259.01 145.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 313.78 145.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 342.46 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.81 145.10 Td (each ) Tj ET Q q 0 0 0 rg BT 373.69 145.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 421.80 145.10 Td (where ) Tj ET Q q 0 0 0 rg BT 448.80 145.10 Td (we ) Tj ET Q q 0 0 0 rg BT 463.02 145.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 490.58 145.10 Td (such ) Tj ET Q q 0 0 0 rg BT 511.48 145.10 Td (qualification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 133.10 Td (where ) Tj ET Q q 0 0 0 rg BT 87.76 133.10 Td (such ) Tj ET Q q 0 0 0 rg BT 108.59 133.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 156.63 133.10 Td (is ) Tj ET Q q 0 0 0 rg BT 165.80 133.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 202.16 133.10 Td (ef) Tj ET Q q 0 0 0 rg BT 209.75 133.10 Td (fective, ) Tj ET Q q 0 0 0 rg BT 241.95 133.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 272.78 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.06 133.10 Td (any ) Tj ET Q q 0 0 0 rg BT 300.00 133.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 343.58 133.10 Td (state ) Tj ET Q q 0 0 0 rg BT 364.41 133.10 Td (suitability ) Tj ET Q q 0 0 0 rg BT 406.91 133.10 Td (requirements.) 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569.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 213.81 569.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 261.47 569.10 Td (. ) Tj ET Q q 0 0 0 rg BT 267.16 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.35 569.10 Td (He ) Tj ET Q q 0 0 0 rg BT 285.20 569.10 Td (has ) Tj ET Q q 0 0 0 rg BT 301.72 569.10 Td (also ) Tj ET Q q 0 0 0 rg BT 321.02 569.10 Td (served ) Tj ET Q q 0 0 0 rg BT 350.31 569.10 Td (as ) Tj ET Q q 0 0 0 rg BT 361.83 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.45 569.10 Td (director ) Tj ET Q q 0 0 0 rg BT 403.74 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.26 569.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 436.23 569.10 Td (since ) Tj ET Q q 0 0 0 rg BT 459.97 569.10 Td (November ) Tj ET Q q 0 0 0 rg BT 505.36 569.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 531.05 569.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 554.24 569.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 81.27 557.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 104.48 557.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 116.15 557.10 Td (. ) Tj ET Q q 0 0 0 rg BT 121.58 557.10 Td (Kimball ) Tj ET Q q 0 0 0 rg BT 157.29 557.10 Td (was ) Tj ET Q q 0 0 0 rg BT 175.77 557.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 204.81 557.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 244.96 557.10 Td (Of) Tj ET Q q 0 0 0 rg BT 255.33 557.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 276.58 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.84 557.10 Td (United ) Tj ET Q q 0 0 0 rg BT 317.99 557.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 354.15 557.10 Td (Automobile ) Tj ET Q q 0 0 0 rg BT 404.21 557.10 Td (Association's ) Tj ET Q q 0 0 0 rg BT 460.05 557.10 Td (\(USAA\) ) Tj ET Q q 0 0 0 rg BT 496.87 557.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 522.02 557.10 Td (Operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 545.10 Td (fice, ) Tj ET Q q 0 0 0 rg BT 81.38 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 102.68 545.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 141.19 545.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 199.16 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 214.34 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.08 545.10 Td (real ) Tj ET Q q 0 0 0 rg BT 248.59 545.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 274.88 545.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 296.46 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.20 545.10 Td (bank, ) Tj ET Q q 0 0 0 rg BT 337.67 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.41 545.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 376.94 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.90 545.10 Td (life ) Tj ET Q q 0 0 0 rg BT 411.75 545.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 453.59 545.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 502.38 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.12 545.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.10 Td (management ) Tj ET Q q 0 0 0 rg BT 102.93 533.10 Td (company) Tj ET Q q 0 0 0 rg BT 138.94 533.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.28 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.56 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.62 533.10 Td (call ) Tj ET Q q 0 0 0 rg BT 189.90 533.10 Td (centers/distribution ) Tj ET Q q 0 0 0 rg BT 268.95 533.10 Td (functions. ) Tj ET Q q 0 0 0 rg BT 310.51 533.10 Td (Before ) Tj ET Q q 0 0 0 rg BT 339.56 533.10 Td (his ) Tj ET Q q 0 0 0 rg BT 353.07 533.10 Td (position ) Tj ET Q q 0 0 0 rg BT 387.14 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 397.32 533.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 425.27 533.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 464.32 533.10 Td (Of) Tj ET Q q 0 0 0 rg BT 474.69 533.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 494.85 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.03 533.10 Td (USAA's ) Tj ET Q q 0 0 0 rg BT 539.79 533.10 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.46 521.10 Td (Of) Tj ET Q q 0 0 0 rg BT 102.83 521.10 Td (fice, ) Tj ET Q q 0 0 0 rg BT 122.79 521.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 134.46 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 139.43 521.10 Td (Kimball ) Tj ET Q q 0 0 0 rg BT 174.67 521.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 198.25 521.10 Td (eight ) Tj ET Q q 0 0 0 rg BT 220.72 521.10 Td (years ) Tj ET Q q 0 0 0 rg BT 244.29 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.54 521.10 Td (various ) Tj ET Q q 0 0 0 rg BT 286.45 521.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 318.35 521.10 Td (roles ) Tj ET Q q 0 0 0 rg BT 340.26 521.10 Td (at ) Tj ET Q q 0 0 0 rg BT 349.95 521.10 Td (USAA, ) Tj ET Q q 0 0 0 rg BT 382.15 521.10 Td (including ) Tj ET Q q 0 0 0 rg BT 422.39 521.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 450.80 521.10 Td (V) Tj ET Q q 0 0 0 rg BT 457.42 521.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 471.54 521.10 Td (President ) Tj ET Q q 0 0 0 rg BT 511.23 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.04 521.10 Td (Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 86.89 509.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 111.84 509.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 151.79 509.10 Td (Of) Tj ET Q q 0 0 0 rg BT 162.16 509.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 183.21 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.28 509.10 Td (USAA) Tj ET Q q 0 0 0 rg BT 220.95 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.69 509.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 256.41 509.10 Td (Savings ) Tj ET Q q 0 0 0 rg BT 290.82 509.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 317.16 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.73 509.10 Td (Assistant ) Tj ET Q q 0 0 0 rg BT 372.94 509.10 Td (V) Tj ET Q q 0 0 0 rg BT 379.56 509.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 393.95 509.10 Td (President ) Tj ET Q q 0 0 0 rg BT 433.90 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.97 509.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 476.59 509.10 Td (Markets. ) Tj ET Q q 0 0 0 rg BT 517.09 509.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 539.83 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.34 509.10 Td (his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (time ) Tj ET Q q 0 0 0 rg BT 70.13 497.10 Td (at ) Tj ET Q q 0 0 0 rg BT 79.70 497.10 Td (USAA, ) Tj ET Q q 0 0 0 rg BT 111.78 497.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 123.45 497.10 Td (. ) Tj ET Q q 0 0 0 rg BT 128.30 497.10 Td (Kimball ) Tj ET Q q 0 0 0 rg BT 163.43 497.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 186.89 497.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 201.46 497.10 Td (years ) Tj ET Q q 0 0 0 rg BT 224.91 497.10 Td (at ) Tj ET Q q 0 0 0 rg BT 234.48 497.10 Td (Ford ) Tj ET Q q 0 0 0 rg BT 255.73 497.10 Td (Motor ) Tj ET Q q 0 0 0 rg BT 283.08 497.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 324.32 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.11 497.10 Td (Ford ) Tj ET Q q 0 0 0 rg BT 362.36 497.10 Td (Motor ) Tj ET Q q 0 0 0 rg BT 389.71 497.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 417.06 497.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 458.30 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.43 497.10 Td (both ) Tj ET Q q 0 0 0 rg BT 488.56 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.13 497.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 523.27 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.06 497.10 Td (U.K., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (working ) Tj ET Q q 0 0 0 rg BT 86.00 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 98.68 485.10 Td (their ) Tj ET Q q 0 0 0 rg BT 119.68 485.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 176.22 485.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 219.17 485.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 239.06 485.10 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 278.11 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.22 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.33 485.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 332.77 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.78 485.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 381.43 485.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 419.10 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.22 485.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 471.11 485.10 Td (positions. ) Tj ET Q q 0 0 0 rg BT 512.40 485.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 524.07 485.10 Td (. ) Tj ET Q q 0 0 0 rg BT 529.25 485.10 Td (Kimball ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 74.17 473.10 Td (an ) Tj ET Q q 0 0 0 rg BT 86.11 473.10 Td (M.B.A. ) Tj ET Q q 0 0 0 rg BT 118.89 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.83 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.77 473.10 Td (B.A. ) Tj ET Q q 0 0 0 rg BT 164.16 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.44 473.10 Td (English ) Tj ET Q q 0 0 0 rg BT 207.50 473.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.43 473.10 Td (Brigham ) Tj ET Q q 0 0 0 rg BT 266.56 473.10 Td (Y) Tj ET Q q 0 0 0 rg BT 272.78 473.10 Td (oung ) Tj ET Q q 0 0 0 rg BT 295.28 473.10 Td (University) Tj ET Q q 0 0 0 rg BT 336.85 473.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 443.10 Td (Ronald ) Tj ET Q q 0 0 0 rg BT 118.69 443.10 Td (Suber) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.02 443.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.83 443.10 Td (has ) Tj ET Q q 0 0 0 rg BT 162.97 443.10 Td (served ) Tj ET Q q 0 0 0 rg BT 192.88 443.10 Td (as ) Tj ET Q q 0 0 0 rg BT 205.01 443.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 231.75 443.10 Td (President ) Tj ET Q q 0 0 0 rg BT 272.77 443.10 Td (since ) Tj ET Q q 0 0 0 rg BT 297.13 443.10 Td (March ) Tj ET Q q 0 0 0 rg BT 327.03 443.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 350.84 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.08 443.10 Td (as ) Tj ET Q q 0 0 0 rg BT 381.22 443.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.47 443.10 Td (director ) Tj ET Q q 0 0 0 rg BT 424.37 443.10 Td (since ) Tj ET Q q 0 0 0 rg BT 448.72 443.10 Td (February ) Tj ET Q q 0 0 0 rg BT 488.63 443.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 514.94 443.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 538.75 443.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.33 443.10 Td (his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (appointment ) Tj ET Q q 0 0 0 rg BT 102.74 431.10 Td (as ) Tj ET Q q 0 0 0 rg BT 113.82 431.10 Td (President, ) Tj ET Q q 0 0 0 rg BT 156.28 431.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 167.95 431.10 Td (. ) Tj ET Q q 0 0 0 rg BT 173.20 431.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 199.28 431.10 Td (served ) Tj ET Q q 0 0 0 rg BT 228.12 431.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.20 431.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 264.68 431.10 Td (V) Tj ET Q q 0 0 0 rg BT 271.30 431.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 285.70 431.10 Td (President ) Tj ET Q q 0 0 0 rg BT 325.67 431.10 Td (from ) Tj ET Q q 0 0 0 rg BT 347.85 431.10 Td (February ) Tj ET Q q 0 0 0 rg BT 386.70 431.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 409.45 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.97 431.10 Td (March ) Tj ET Q q 0 0 0 rg BT 448.82 431.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 474.07 431.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 485.74 431.10 Td (. ) Tj ET Q q 0 0 0 rg BT 490.99 431.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 517.06 431.10 Td (also ) Tj ET Q q 0 0 0 rg BT 535.92 431.10 Td (served ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.96 419.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 87.07 419.10 Td (Head ) Tj ET Q q 0 0 0 rg BT 110.81 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.77 419.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 151.62 419.10 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 202.58 419.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 226.32 419.10 Td (from ) Tj ET Q q 0 0 0 rg BT 248.40 419.10 Td (February ) Tj ET Q q 0 0 0 rg BT 287.13 419.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 309.76 419.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.17 419.10 Td (March ) Tj ET Q q 0 0 0 rg BT 348.90 419.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 374.04 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.11 419.10 Td (has ) Tj ET Q q 0 0 0 rg BT 407.07 419.10 Td (served ) Tj ET Q q 0 0 0 rg BT 435.80 419.10 Td (as ) Tj ET Q q 0 0 0 rg BT 446.77 419.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 472.88 419.10 Td (President ) Tj ET Q q 0 0 0 rg BT 512.73 419.10 Td (since ) Tj ET Q q 0 0 0 rg BT 535.91 419.10 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 73.97 407.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 95.44 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.69 407.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 134.49 407.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 156.25 407.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 167.92 407.10 Td (. ) Tj ET Q q 0 0 0 rg BT 171.88 407.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 196.68 407.10 Td (served ) Tj ET Q q 0 0 0 rg BT 224.25 407.10 Td (as ) Tj ET Q q 0 0 0 rg BT 234.05 407.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 276.07 407.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 310.85 407.10 Td (at ) Tj ET Q q 0 0 0 rg BT 319.43 407.10 Td (W) Tj ET Q q 0 0 0 rg BT 328.07 407.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 343.43 407.10 Td (Far) Tj ET Q q 0 0 0 rg BT 356.58 407.10 Td (go ) Tj ET Q q 0 0 0 rg BT 368.05 407.10 Td (Prime ) Tj ET Q q 0 0 0 rg BT 393.40 407.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 431.25 407.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 451.61 407.10 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 491.39 407.10 Td (Merlin ) Tj ET Q q 0 0 0 rg BT 520.08 407.10 Td (Securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (LLC\) ) Tj ET Q q 0 0 0 rg BT 74.16 395.10 Td (from ) Tj ET Q q 0 0 0 rg BT 95.12 395.10 Td (August ) Tj ET Q q 0 0 0 rg BT 125.96 395.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 147.91 395.10 Td (until ) Tj ET Q q 0 0 0 rg BT 168.19 395.10 Td (January ) Tj ET Q q 0 0 0 rg BT 201.23 395.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 225.68 395.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 237.35 395.10 Td (. ) Tj ET Q q 0 0 0 rg BT 241.80 395.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 267.08 395.10 Td (served ) Tj ET Q q 0 0 0 rg BT 295.12 395.10 Td (as ) Tj ET Q q 0 0 0 rg BT 305.40 395.10 Td (Head ) Tj ET Q q 0 0 0 rg BT 328.44 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.72 395.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 367.89 395.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 390.94 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.33 395.10 Td (Marketing, ) Tj ET Q q 0 0 0 rg BT 453.43 395.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 481.49 395.10 Td (Partner ) Tj ET Q q 0 0 0 rg BT 512.31 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.70 395.10 Td (Director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.02 383.10 Td (Merlin ) Tj ET Q q 0 0 0 rg BT 90.92 383.10 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 135.54 383.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 157.11 383.10 Td (from ) Tj ET Q q 0 0 0 rg BT 178.64 383.10 Td (April ) Tj ET Q q 0 0 0 rg BT 202.43 383.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 225.12 383.10 Td (until ) Tj ET Q q 0 0 0 rg BT 246.14 383.10 Td (it ) Tj ET Q q 0 0 0 rg BT 254.38 383.10 Td (was ) Tj ET Q q 0 0 0 rg BT 272.62 383.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 309.73 383.10 Td (by ) Tj ET Q q 0 0 0 rg BT 322.22 383.10 Td (W) Tj ET Q q 0 0 0 rg BT 330.86 383.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 347.43 383.10 Td (Far) Tj ET Q q 0 0 0 rg BT 360.58 383.10 Td (go ) Tj ET Q q 0 0 0 rg BT 373.27 383.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 415.39 383.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.26 383.10 Td (August ) Tj ET Q q 0 0 0 rg BT 456.83 383.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 482.02 383.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 493.69 383.10 Td (. ) Tj ET Q q 0 0 0 rg BT 498.87 383.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 524.89 383.10 Td (served ) Tj ET Q q 0 0 0 rg BT 553.67 383.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (President ) Tj ET Q q 0 0 0 rg BT 89.08 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.27 371.10 Td (Spectrum ) Tj ET Q q 0 0 0 rg BT 139.45 371.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 168.53 371.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 190.54 371.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 252.95 371.10 Td (from ) Tj ET Q q 0 0 0 rg BT 274.25 371.10 Td (2006 ) Tj ET Q q 0 0 0 rg BT 296.11 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.75 371.10 Td (2008. ) Tj ET Q q 0 0 0 rg BT 330.11 371.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 341.78 371.10 Td (. ) Tj ET Q q 0 0 0 rg BT 346.14 371.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 371.33 371.10 Td (was ) Tj ET Q q 0 0 0 rg BT 388.74 371.10 Td (with ) Tj ET Q q 0 0 0 rg BT 408.38 371.10 Td (Bear ) Tj ET Q q 0 0 0 rg BT 429.12 371.10 Td (Stearns ) Tj ET Q q 0 0 0 rg BT 460.42 371.10 Td (from ) Tj ET Q q 0 0 0 rg BT 481.72 371.10 Td (1992 ) Tj ET Q q 0 0 0 rg BT 503.58 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.22 371.10 Td (2006, ) Tj ET Q q 0 0 0 rg BT 537.58 371.10 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (he ) Tj ET Q q 0 0 0 rg BT 62.47 359.10 Td (most ) Tj ET Q q 0 0 0 rg BT 84.96 359.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 120.20 359.10 Td (served ) Tj ET Q q 0 0 0 rg BT 149.33 359.10 Td (as ) Tj ET Q q 0 0 0 rg BT 160.70 359.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 189.84 359.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 233.43 359.10 Td (Director) Tj ET Q q 0 0 0 rg BT 266.19 359.10 Td (. ) Tj ET Q q 0 0 0 rg BT 271.73 359.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 283.40 359.10 Td (. ) Tj ET Q q 0 0 0 rg BT 288.93 359.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 315.30 359.10 Td (received ) Tj ET Q q 0 0 0 rg BT 352.20 359.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.67 359.10 Td (B.A. ) Tj ET Q q 0 0 0 rg BT 381.60 359.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.41 359.10 Td (Economics ) Tj ET Q q 0 0 0 rg BT 439.88 359.10 Td (from ) Tj ET Q q 0 0 0 rg BT 462.36 359.10 Td (University ) Tj ET Q q 0 0 0 rg BT 507.61 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.98 359.10 Td (California, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (Berkeley) Tj ET Q q 0 0 0 rg BT 85.44 347.10 Td (. ) Tj ET Q q 0 0 0 rg BT 91.59 347.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 108.45 347.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.09 347.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 148.50 347.10 Td (that ) Tj ET Q q 0 0 0 rg BT 167.14 347.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 178.81 347.10 Td (. ) Tj ET Q q 0 0 0 rg BT 184.95 347.10 Td (Suber's ) Tj ET Q q 0 0 0 rg BT 217.62 347.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.25 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.33 347.10 Td (business ) Tj ET Q q 0 0 0 rg BT 311.86 347.10 Td (expertise, ) Tj ET Q q 0 0 0 rg BT 354.10 347.10 Td (including ) Tj ET Q q 0 0 0 rg BT 395.52 347.10 Td (his ) Tj ET Q q 0 0 0 rg BT 410.83 347.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 457.78 347.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 500.86 347.10 Td (a ) Tj ET Q q 0 0 0 rg BT 508.94 347.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 547.56 347.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (technology-enabled ) Tj ET Q q 0 0 0 rg BT 131.23 335.10 Td (service ) Tj ET Q q 0 0 0 rg BT 161.92 335.10 Td (company) Tj ET Q q 0 0 0 rg BT 197.93 335.10 Td (, ) Tj ET Q q 0 0 0 rg BT 202.81 335.10 Td (as ) Tj ET Q q 0 0 0 rg BT 213.51 335.10 Td (well ) Tj ET Q q 0 0 0 rg BT 233.10 335.10 Td (as ) Tj ET Q q 0 0 0 rg BT 243.81 335.10 Td (his 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 293.10 Td (Sachin ) Tj ET Q q 0 0 0 rg BT 115.79 293.10 Td (D. ) Tj ET Q q 0 0 0 rg BT 127.90 293.10 Td (Adarkar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.23 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.80 293.10 Td (has ) Tj ET Q q 0 0 0 rg BT 179.71 293.10 Td (served ) Tj ET Q q 0 0 0 rg BT 208.38 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 219.28 293.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 244.78 293.10 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 285.11 293.10 Td (since ) Tj ET Q q 0 0 0 rg BT 308.23 293.10 Td (March ) Tj ET Q q 0 0 0 rg BT 336.90 293.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 361.97 293.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 373.64 293.10 Td (. ) Tj ET Q q 0 0 0 rg BT 378.15 293.10 Td (Adarkar ) Tj ET Q q 0 0 0 rg BT 413.48 293.10 Td (has ) Tj ET Q q 0 0 0 rg BT 429.38 293.10 Td (served ) Tj ET Q q 0 0 0 rg BT 458.05 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 468.96 293.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 495.01 293.10 Td (General ) Tj ET Q q 0 0 0 rg BT 529.23 293.10 Td (Counsel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.58 281.10 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 108.47 281.10 Td (since ) Tj ET Q q 0 0 0 rg BT 131.46 281.10 Td (August ) Tj ET Q q 0 0 0 rg BT 163.49 281.10 Td (2009. ) Tj ET Q q 0 0 0 rg BT 189.12 281.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 212.26 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.18 281.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 254.65 281.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 278.07 281.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 289.74 281.10 Td (. ) Tj ET Q q 0 0 0 rg BT 294.68 281.10 Td (Adarkar ) Tj ET Q q 0 0 0 rg BT 330.58 281.10 Td (served ) Tj ET Q q 0 0 0 rg BT 359.82 281.10 Td (as ) Tj ET Q q 0 0 0 rg BT 371.06 281.10 Td (V) Tj ET Q q 0 0 0 rg BT 377.68 281.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 392.47 281.10 Td (President ) Tj ET Q q 0 0 0 rg BT 432.82 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.40 281.10 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 482.98 281.10 Td (General ) Tj ET Q q 0 0 0 rg BT 517.76 281.10 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 553.67 281.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (GreenPoint ) Tj ET Q q 0 0 0 rg BT 97.84 269.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 139.01 269.10 Td (Funding, ) Tj ET Q q 0 0 0 rg BT 177.15 269.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 197.21 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.94 269.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 246.22 269.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 286.28 269.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 313.56 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.63 269.10 Td (Novato, ) Tj ET Q q 0 0 0 rg BT 357.86 269.10 Td (CA. ) Tj ET Q q 0 0 0 rg BT 376.55 269.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 398.84 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.91 269.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 439.54 269.10 Td (GreenPoint, ) Tj ET Q q 0 0 0 rg BT 489.88 269.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 501.55 269.10 Td (. ) Tj ET Q q 0 0 0 rg BT 505.84 269.10 Td (Adarkar ) Tj ET Q q 0 0 0 rg BT 540.89 269.10 Td (spent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (several ) Tj ET Q q 0 0 0 rg BT 81.30 257.10 Td (years ) Tj ET Q q 0 0 0 rg BT 105.38 257.10 Td (practicing ) Tj ET Q q 0 0 0 rg BT 148.34 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 169.10 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.30 257.10 Td (law ) Tj ET Q q 0 0 0 rg BT 201.72 257.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 221.92 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.23 257.10 Td (Howard ) Tj ET Q q 0 0 0 rg BT 268.43 257.10 Td (Rice ) Tj ET Q q 0 0 0 rg BT 289.74 257.10 Td (Nemerovski ) Tj ET Q q 0 0 0 rg BT 341.60 257.10 Td (Canady ) Tj ET Q q 0 0 0 rg BT 375.13 257.10 Td (Falk ) Tj ET Q q 0 0 0 rg BT 395.89 257.10 Td (& ) Tj ET Q q 0 0 0 rg BT 406.65 257.10 Td (Rabkin, ) Tj ET Q q 0 0 0 rg BT 441.02 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.78 257.10 Td (San ) Tj ET Q q 0 0 0 rg BT 469.76 257.10 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 511.62 257.10 Td (\(now ) Tj ET Q q 0 0 0 rg BT 535.15 257.10 Td (part ) Tj ET Q q 0 0 0 rg BT 553.68 257.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (Arnold ) Tj ET Q q 0 0 0 rg BT 80.26 245.10 Td (& ) Tj ET Q q 0 0 0 rg BT 89.97 245.10 Td (Porter ) Tj ET Q q 0 0 0 rg BT 116.33 245.10 Td (LLP\), ) Tj ET Q q 0 0 0 rg BT 141.87 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.24 245.10 Td (also ) Tj ET Q q 0 0 0 rg BT 176.27 245.10 Td (served ) Tj ET Q q 0 0 0 rg BT 204.30 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.42 245.10 Td (V) Tj ET Q q 0 0 0 rg BT 221.04 245.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 234.63 245.10 Td (President ) Tj ET Q q 0 0 0 rg BT 273.77 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.14 245.10 Td (General ) Tj ET Q q 0 0 0 rg BT 323.71 245.10 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 358.42 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.54 245.10 Td (V) Tj ET Q q 0 0 0 rg BT 374.65 245.10 Td (alley ) Tj ET Q q 0 0 0 rg BT 396.02 245.10 Td (Media, ) Tj ET Q q 0 0 0 rg BT 425.99 245.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 445.69 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 452.06 245.10 Td (music ) Tj ET Q q 0 0 0 rg BT 477.87 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.24 245.10 Td (video ) Tj ET Q q 0 0 0 rg BT 518.38 245.10 Td (distributor) Tj ET Q q 0 0 0 rg BT 559.50 245.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 233.10 Td (. ) Tj ET Q q 0 0 0 rg BT 65.43 233.10 Td (Adarkar ) Tj ET Q q 0 0 0 rg BT 99.80 233.10 Td (has ) Tj ET Q q 0 0 0 rg BT 114.74 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.79 233.10 Td (J.D. ) Tj ET Q q 0 0 0 rg BT 138.51 233.10 Td (from ) Tj ET Q q 0 0 0 rg BT 159.56 233.10 Td (UCLA, ) Tj ET Q q 0 0 0 rg BT 190.89 233.10 Td (an ) Tj ET Q q 0 0 0 rg BT 201.94 233.10 Td (M.A. ) Tj ET Q q 0 0 0 rg BT 224.67 233.10 Td (from ) Tj ET Q q 0 0 0 rg BT 245.72 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.55 233.10 Td (University ) Tj ET Q q 0 0 0 rg BT 303.38 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.32 233.10 Td (California ) Tj ET Q q 0 0 0 rg BT 355.47 233.10 Td (at ) Tj ET Q q 0 0 0 rg BT 364.30 233.10 Td (Berkeley ) Tj ET Q q 0 0 0 rg BT 402.00 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.05 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 424.10 233.10 Td (B.A., ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.11 233.10 Td (cum ) Tj ET Q q 0 0 0 rg BT 465.38 233.10 Td (laude) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.59 233.10 Td (, ) Tj ET Q q 0 0 0 rg BT 491.71 233.10 Td (from ) Tj ET Q q 0 0 0 rg BT 512.75 233.10 Td (Geor) Tj ET Q q 0 0 0 rg BT 532.56 233.10 Td (getown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (University) Tj ET Q q 0 0 0 rg BT 91.57 221.10 Td (. ) Tj ET Q q 0 0 0 rg BT 96.57 221.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 108.24 221.10 Td (. ) Tj ET Q q 0 0 0 rg BT 112.69 221.10 Td (Adarkar ) Tj ET Q q 0 0 0 rg BT 147.94 221.10 Td (is ) Tj ET Q q 0 0 0 rg BT 157.11 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.05 221.10 Td (member ) Tj ET Q q 0 0 0 rg BT 199.32 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.15 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.86 221.10 Td (California ) Tj ET Q q 0 0 0 rg BT 267.91 221.10 Td (Bar) Tj ET Q q 0 0 0 rg BT 281.79 221.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 191.10 Td (Bernar) Tj ET Q q 0 0 0 rg BT 113.96 191.10 Td (d ) Tj ET Q q 0 0 0 rg BT 121.88 191.10 Td (J. ) Tj ET Q q 0 0 0 rg BT 131.53 191.10 Td (Angelo ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.78 191.10 Td (has ) Tj ET Q q 0 0 0 rg BT 179.04 191.10 Td (served ) Tj ET Q q 0 0 0 rg BT 208.06 191.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.98 191.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 246.83 191.10 Td (board ) Tj ET Q q 0 0 0 rg BT 272.52 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.78 191.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 321.69 191.10 Td (since ) Tj ET Q q 0 0 0 rg BT 345.16 191.10 Td (March ) Tj ET Q q 0 0 0 rg BT 374.18 191.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 399.60 191.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 411.27 191.10 Td (. ) Tj ET Q q 0 0 0 rg BT 416.05 191.10 Td (Angelo ) Tj ET Q q 0 0 0 rg BT 448.41 191.10 Td (joined ) Tj ET Q q 0 0 0 rg BT 476.33 191.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 506.47 191.10 Td (Securitization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 88.76 179.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 110.03 179.10 Td (\("Global ) Tj ET Q q 0 0 0 rg BT 147.05 179.10 Td (Securitization"\) ) Tj ET Q q 0 0 0 rg BT 212.38 179.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.02 179.10 Td (April ) Tj ET Q q 0 0 0 rg BT 245.51 179.10 Td (1997 ) Tj ET Q q 0 0 0 rg BT 267.89 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.71 179.10 Td (has ) Tj ET Q q 0 0 0 rg BT 300.43 179.10 Td (extensive ) Tj ET Q q 0 0 0 rg BT 340.58 179.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 386.26 179.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.42 179.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 438.24 179.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 487.82 179.10 Td (paper ) Tj ET Q q 0 0 0 rg BT 512.42 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.24 179.10 Td (medium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.81 167.10 Td (note ) Tj ET Q q 0 0 0 rg BT 90.50 167.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 133.25 167.10 Td (In ) Tj ET Q q 0 0 0 rg BT 144.06 167.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 179.32 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.58 167.10 Td (his ) Tj ET Q q 0 0 0 rg BT 203.73 167.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 263.41 167.10 Td (skills, ) Tj ET Q q 0 0 0 rg BT 289.51 167.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 301.18 167.10 Td (. ) Tj ET Q q 0 0 0 rg BT 305.61 167.10 Td (Angelo ) Tj ET Q q 0 0 0 rg BT 337.53 167.10 Td (has ) Tj ET Q q 0 0 0 rg BT 353.34 167.10 Td (over ) Tj ET Q q 0 0 0 rg BT 373.59 167.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 402.73 167.10 Td (years ) Tj ET Q q 0 0 0 rg BT 426.31 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.12 167.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 482.90 167.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.16 167.10 Td (both ) Tj ET Q q 0 0 0 rg BT 513.42 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.11 167.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.27 155.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 87.53 155.10 Td (side ) Tj ET Q q 0 0 0 rg BT 105.47 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.63 155.10 Td (structured ) Tj ET Q q 0 0 0 rg BT 157.44 155.10 Td (finance. ) Tj ET Q q 0 0 0 rg BT 190.79 155.10 Td (At ) Tj ET Q q 0 0 0 rg BT 202.62 155.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 231.66 155.10 Td (Securitization, ) Tj ET Q q 0 0 0 rg BT 291.53 155.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 303.20 155.10 Td (. ) Tj ET Q q 0 0 0 rg BT 307.12 155.10 Td (Angelo ) Tj ET Q q 0 0 0 rg BT 338.39 155.10 Td (has ) Tj ET Q q 0 0 0 rg BT 353.55 155.10 Td (been ) Tj ET Q q 0 0 0 rg BT 374.25 155.10 Td (active ) Tj ET Q q 0 0 0 rg BT 399.95 155.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.56 155.10 Td (assisting ) Tj ET Q q 0 0 0 rg BT 445.84 155.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 473.77 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.04 155.10 Td (their ) Tj ET Q q 0 0 0 rg BT 510.19 155.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 531.45 155.10 Td (counsel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (during ) Tj ET Q q 0 0 0 rg BT 79.40 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.92 143.10 Td (structuring ) Tj ET Q q 0 0 0 rg BT 141.54 143.10 Td (phase ) Tj ET Q q 0 0 0 rg BT 167.60 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.23 143.10 Td (their ) Tj ET Q q 0 0 0 rg BT 200.85 143.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 251.91 143.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.54 143.10 Td (well ) Tj ET Q q 0 0 0 rg BT 284.05 143.10 Td (as ) Tj ET Q q 0 0 0 rg BT 295.67 143.10 Td (assimilating ) Tj ET Q q 0 0 0 rg BT 347.30 143.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 370.03 143.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 413.88 143.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 464.38 143.10 Td (paper ) Tj ET Q q 0 0 0 rg BT 489.88 143.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 530.94 143.10 Td (into ) Tj ET Q q 0 0 0 rg BT 549.79 143.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.57 131.10 Td (matrix ) Tj ET Q q 0 0 0 rg BT 119.49 131.10 Td (at ) Tj ET Q q 0 0 0 rg BT 129.51 131.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 159.54 131.10 Td (Securitization. ) Tj ET Q q 0 0 0 rg BT 220.39 131.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 243.20 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.79 131.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 284.93 131.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 314.96 131.10 Td (Securitization, ) Tj ET Q q 0 0 0 rg BT 375.81 131.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 387.48 131.10 Td (. ) Tj ET Q q 0 0 0 rg BT 392.17 131.10 Td (Angelo ) Tj ET Q q 0 0 0 rg BT 424.41 131.10 Td (was ) Tj ET Q q 0 0 0 rg BT 442.78 131.10 Td (an ) Tj ET Q q 0 0 0 rg BT 454.40 131.10 Td (Assistant ) Tj ET Q q 0 0 0 rg BT 493.68 131.10 Td (V) Tj ET Q q 0 0 0 rg BT 500.30 131.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 514.77 131.10 Td (President ) Tj ET Q q 0 0 0 rg BT 554.79 131.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 85.01 119.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.77 119.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 108.19 119.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 149.50 119.10 Td (from ) Tj ET Q q 0 0 0 rg BT 171.35 119.10 Td (January ) Tj ET Q q 0 0 0 rg BT 204.87 119.10 Td (1993 ) Tj ET Q q 0 0 0 rg BT 227.29 119.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.95 119.10 Td (April ) Tj ET Q q 0 0 0 rg BT 260.48 119.10 Td (1997 ) Tj ET Q q 0 0 0 rg BT 282.90 119.10 Td (where ) Tj ET Q q 0 0 0 rg BT 309.75 119.10 Td (he ) Tj ET Q q 0 0 0 rg BT 321.61 119.10 Td (was ) Tj ET Q q 0 0 0 rg BT 339.58 119.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 387.55 119.10 Td (for ) Tj ET Q q 0 0 0 rg BT 401.63 119.10 Td (oversight ) Tj ET Q q 0 0 0 rg BT 441.26 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.01 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.65 119.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 501.27 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.13 119.10 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 90.23 107.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.25 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.48 107.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 161.26 107.10 Td (T) Tj ET Q q 0 0 0 rg BT 167.01 107.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 185.03 107.10 Td (side ) Tj ET Q q 0 0 0 rg BT 204.15 107.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.50 107.10 Td (structured ) Tj ET Q q 0 0 0 rg BT 258.49 107.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 309.27 107.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 348.38 107.10 Td (by ) Tj ET Q q 0 0 0 rg BT 361.39 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.63 107.10 Td (bank. ) Tj ET Q q 0 0 0 rg BT 401.58 107.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 413.25 107.10 Td (. ) Tj ET Q q 0 0 0 rg BT 418.10 107.10 Td (Angelo ) Tj ET Q q 0 0 0 rg BT 450.55 107.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 489.66 107.10 Td (also ) Tj ET Q q 0 0 0 rg BT 508.78 107.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 536.78 107.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 107.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 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Td (Ener) Tj ET Q q 0 0 0 rg BT 68.70 59.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 81.15 59.10 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 121.91 59.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 157.71 59.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 181.54 59.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.26 59.10 Td (W) Tj ET Q q 0 0 0 rg BT 206.89 59.10 Td (orld ) Tj ET Q q 0 0 0 rg BT 225.45 59.10 Td (Omni ) Tj ET Q q 0 0 0 rg BT 250.14 59.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 272.59 59.10 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 323.35 59.10 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 347.19 59.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 358.86 59.10 Td (. ) Tj ET Q q 0 0 0 rg BT 363.27 59.10 Td (Angelo ) Tj ET Q q 0 0 0 rg BT 395.16 59.10 Td (has ) Tj ET Q q 0 0 0 rg BT 410.94 59.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.83 59.10 Td (B.S. ) Tj ET Q q 0 0 0 rg BT 437.52 59.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.74 59.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 481.85 59.10 Td (from ) Tj ET Q q 0 0 0 rg BT 503.74 59.10 Td (Siena ) Tj ET Q q 0 0 0 rg BT 528.41 59.10 Td (College. ) Tj ET Q endstream endobj 209 0 obj <> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 66.86 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.28 742.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 106.46 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 124.87 742.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 136.54 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.70 742.10 Td (Angelo's ) Tj ET Q q 0 0 0 rg BT 180.25 742.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 226.97 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.16 742.10 Td (structured ) Tj ET Q q 0 0 0 rg BT 281.57 742.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 314.41 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 326.15 742.10 Td (well ) Tj ET Q q 0 0 0 rg BT 346.79 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 358.54 742.10 Td (his ) Tj ET Q q 0 0 0 rg BT 373.62 742.10 Td (general ) Tj ET Q q 0 0 0 rg BT 406.46 742.10 Td (management ) Tj ET Q q 0 0 0 rg BT 460.97 742.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 510.19 742.10 Td (give ) Tj ET Q q 0 0 0 rg BT 530.82 742.10 Td (him ) Tj ET Q q 0 0 0 rg BT 549.79 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 106.93 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.87 730.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 147.49 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.76 730.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 181.36 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 192.19 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.13 730.10 Td (director) Tj ET Q q 0 0 0 rg BT 229.67 730.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (David ) Tj ET Q q 0 0 0 rg BT 112.68 700.10 Td (V) Tj ET Q q 0 0 0 rg BT 117.50 700.10 Td (. ) Tj ET Q q 0 0 0 rg BT 122.24 700.10 Td (DeAngelis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.89 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.13 700.10 Td (has ) Tj ET Q q 0 0 0 rg BT 181.70 700.10 Td (served ) Tj ET Q q 0 0 0 rg BT 210.04 700.10 Td (on ) Tj ET Q q 0 0 0 rg BT 222.28 700.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 247.45 700.10 Td (board ) Tj ET Q q 0 0 0 rg BT 272.46 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.03 700.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 320.25 700.10 Td (since ) Tj ET Q q 0 0 0 rg BT 343.04 700.10 Td (May ) Tj ET Q q 0 0 0 rg BT 363.61 700.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 388.35 700.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 400.02 700.10 Td (. ) Tj ET Q q 0 0 0 rg BT 404.76 700.10 Td (DeAngelis ) Tj ET Q q 0 0 0 rg BT 449.77 700.10 Td (joined ) Tj ET Q q 0 0 0 rg BT 477.00 700.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 506.46 700.10 Td (Securitization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 89.69 688.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 111.88 688.10 Td (\("Global ) Tj ET Q q 0 0 0 rg BT 149.82 688.10 Td (Securitization"\) ) Tj ET Q q 0 0 0 rg BT 216.07 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.16 688.10 Td (March ) Tj ET Q q 0 0 0 rg BT 256.57 688.10 Td (2002 ) Tj ET Q q 0 0 0 rg BT 279.88 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.62 688.10 Td (has ) Tj ET Q q 0 0 0 rg BT 314.26 688.10 Td (over ) Tj ET Q q 0 0 0 rg BT 335.34 688.10 Td (eighteen ) Tj ET Q q 0 0 0 rg BT 372.52 688.10 Td (years ) Tj ET Q q 0 0 0 rg BT 396.92 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.56 688.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 446.85 688.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 481.81 688.10 Td (experience. ) Tj ET Q q 0 0 0 rg BT 530.92 688.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 554.23 688.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (joining 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Tj ET Q q 0 0 0 rg BT 151.76 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.14 664.10 Td (February ) Tj ET Q q 0 0 0 rg BT 200.83 664.10 Td (2002 ) Tj ET Q q 0 0 0 rg BT 223.43 664.10 Td (where ) Tj ET Q q 0 0 0 rg BT 250.46 664.10 Td (he ) Tj ET Q q 0 0 0 rg BT 262.50 664.10 Td (was ) Tj ET Q q 0 0 0 rg BT 280.65 664.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 328.80 664.10 Td (for ) Tj ET Q q 0 0 0 rg BT 343.05 664.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 365.65 664.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 390.46 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.50 664.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 425.66 664.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 473.79 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.83 664.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 532.59 664.10 Td (general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (ledger ) Tj ET Q q 0 0 0 rg BT 78.02 652.10 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 134.08 652.10 Td (month-end ) Tj ET Q q 0 0 0 rg BT 180.43 652.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 212.35 652.10 Td (entries ) Tj ET Q q 0 0 0 rg BT 242.04 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.51 652.10 Td (month-end ) Tj ET Q q 0 0 0 rg BT 305.86 652.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 345.55 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.36 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.61 652.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 397.42 652.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 430.43 652.10 Td (Controllers ) Tj ET Q q 0 0 0 rg BT 478.46 652.10 Td (Department. ) Tj ET Q q 0 0 0 rg BT 531.19 652.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 554.22 652.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (October ) Tj ET Q q 0 0 0 rg BT 86.07 640.10 Td (1998, ) Tj ET Q q 0 0 0 rg BT 112.44 640.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 124.11 640.10 Td (. ) Tj ET Q q 0 0 0 rg BT 130.47 640.10 Td (DeAngelis ) Tj ET Q q 0 0 0 rg BT 177.10 640.10 Td (worked ) Tj ET Q q 0 0 0 rg BT 210.96 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.60 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.68 640.10 Td (International ) Tj ET Q q 0 0 0 rg BT 292.78 640.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 343.30 640.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 396.04 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.23 640.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 429.88 640.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 477.62 640.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 502.60 640.10 Td (specializing ) Tj ET Q q 0 0 0 rg BT 554.22 640.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (Emer) Tj ET Q q 0 0 0 rg BT 71.47 628.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 90.94 628.10 Td (Markets. ) Tj ET Q q 0 0 0 rg BT 127.89 628.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 139.56 628.10 Td (. ) Tj ET Q q 0 0 0 rg BT 143.75 628.10 Td (DeAngelis ) Tj ET Q q 0 0 0 rg BT 188.20 628.10 Td (has ) Tj ET Q q 0 0 0 rg BT 203.21 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 209.34 628.10 Td (B.S. ) Tj ET Q q 0 0 0 rg BT 228.25 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.34 628.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 285.68 628.10 Td (from ) Tj ET Q q 0 0 0 rg BT 306.81 628.10 Td (St. ) Tj ET Q q 0 0 0 rg BT 319.33 628.10 Td (John's ) Tj ET Q q 0 0 0 rg BT 345.60 628.10 Td (University) Tj ET Q q 0 0 0 rg BT 387.17 628.10 Td (. ) Tj ET Q q 0 0 0 rg BT 391.35 628.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 408.21 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.90 628.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 444.35 628.10 Td (that ) Tj ET Q q 0 0 0 rg BT 461.02 628.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 472.69 628.10 Td (. ) Tj ET Q q 0 0 0 rg BT 476.88 628.10 Td (DeAngelis's ) Tj ET Q q 0 0 0 rg BT 527.03 628.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 84.16 616.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 132.46 616.10 Td (as ) Tj ET Q q 0 0 0 rg BT 143.29 616.10 Td (well ) Tj ET Q q 0 0 0 rg BT 163.00 616.10 Td (as ) Tj ET Q q 0 0 0 rg BT 173.83 616.10 Td (his ) Tj ET Q q 0 0 0 rg BT 188.00 616.10 Td (general ) Tj ET Q q 0 0 0 rg BT 219.93 616.10 Td (management ) Tj ET Q q 0 0 0 rg BT 273.52 616.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 321.82 616.10 Td (give ) Tj ET Q q 0 0 0 rg BT 341.53 616.10 Td (him ) Tj ET Q q 0 0 0 rg BT 359.59 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.31 616.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 431.24 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.17 616.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 471.79 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.07 616.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 505.67 616.10 Td (as ) Tj ET Q q 0 0 0 rg BT 516.50 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.44 616.10 Td (director) Tj ET Q q 0 0 0 rg BT 553.98 616.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 79.17 586.10 Td (Composition ) Tj ET Q q 0 0 0 rg BT 136.12 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.75 586.10 Td (Election ) Tj ET Q q 0 0 0 rg BT 192.24 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.07 586.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 217.33 586.10 Td (ectors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 556.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 111.29 556.10 Td (board ) Tj ET Q q 0 0 0 rg BT 136.43 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.13 556.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 184.49 556.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 222.95 556.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 256.99 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.69 556.10 Td (four ) Tj ET Q q 0 0 0 rg BT 286.72 556.10 Td (members. ) Tj ET Q q 0 0 0 rg BT 328.24 556.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 353.54 556.10 Td (goal ) Tj ET Q q 0 0 0 rg BT 373.13 556.10 Td (is ) Tj ET Q q 0 0 0 rg BT 382.17 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.31 556.10 Td (assemble ) Tj ET Q q 0 0 0 rg BT 431.34 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 438.15 556.10 Td (board ) Tj ET Q q 0 0 0 rg BT 463.28 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.98 556.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 511.34 556.10 Td (that ) Tj ET Q q 0 0 0 rg BT 528.70 556.10 Td (operates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (cohesively ) Tj ET Q q 0 0 0 rg BT 94.93 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.54 544.10 Td (works ) Tj ET Q q 0 0 0 rg BT 138.15 544.10 Td (with ) Tj ET Q q 0 0 0 rg BT 158.09 544.10 Td (management ) Tj ET Q q 0 0 0 rg BT 211.35 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.29 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.90 544.10 Td (constructive ) Tj ET Q q 0 0 0 rg BT 278.94 544.10 Td (way) Tj ET Q q 0 0 0 rg BT 294.95 544.10 Td (. ) Tj ET Q q 0 0 0 rg BT 299.62 544.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 316.48 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 318.64 544.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 353.57 544.10 Td (that ) Tj ET Q q 0 0 0 rg BT 370.74 544.10 Td (its ) Tj ET Q q 0 0 0 rg BT 382.35 544.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 419.50 544.10 Td (possess ) Tj ET Q q 0 0 0 rg BT 451.67 544.10 Td (valuable ) Tj ET Q q 0 0 0 rg BT 487.71 544.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 533.18 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 544.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 96.17 532.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 137.32 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.39 532.10 Td (guide ) Tj ET Q q 0 0 0 rg BT 171.90 532.10 Td (its ) Tj ET Q q 0 0 0 rg BT 183.64 532.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 222.32 532.10 Td (Its ) Tj ET Q q 0 0 0 rg BT 234.61 532.10 Td (current ) Tj ET Q q 0 0 0 rg BT 265.21 532.10 Td (board ) Tj ET Q q 0 0 0 rg BT 290.27 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.89 532.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 338.17 532.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 372.13 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.75 532.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 429.48 532.10 Td (with ) Tj ET Q q 0 0 0 rg BT 449.55 532.10 Td (proven ) Tj ET Q q 0 0 0 rg BT 479.61 532.10 Td (records ) Tj ET Q q 0 0 0 rg BT 511.33 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.95 532.10 Td (success ) Tj ET Q q 0 0 0 rg BT 554.23 532.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (their ) Tj ET Q q 0 0 0 rg BT 69.88 520.10 Td (chosen ) Tj ET Q q 0 0 0 rg BT 99.19 520.10 Td (professions. ) Tj ET Q q 0 0 0 rg BT 148.68 520.10 Td (They ) Tj ET Q q 0 0 0 rg BT 170.78 520.10 Td (all ) Tj ET Q q 0 0 0 rg BT 182.33 520.10 Td (have ) Tj ET Q q 0 0 0 rg BT 202.75 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.52 520.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 246.96 520.10 Td (integrity ) Tj ET Q q 0 0 0 rg BT 282.39 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.38 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.37 520.10 Td (keen ) Tj ET Q q 0 0 0 rg BT 324.80 520.10 Td (intellect. ) Tj ET Q q 0 0 0 rg BT 360.94 520.10 Td (They ) Tj ET Q q 0 0 0 rg BT 383.04 520.10 Td (are ) Tj ET Q q 0 0 0 rg BT 396.80 520.10 Td (collegial ) Tj ET Q q 0 0 0 rg BT 432.77 520.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 446.54 520.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 496.96 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 506.29 520.10 Td (their ) Tj ET Q q 0 0 0 rg BT 526.17 520.10 Td (thinking, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.76 508.10 Td (are ) Tj ET Q q 0 0 0 rg BT 81.28 508.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 126.37 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.47 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.01 508.10 Td (hard ) Tj ET Q q 0 0 0 rg BT 171.09 508.10 Td (work ) Tj ET Q q 0 0 0 rg BT 193.96 508.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 235.15 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.25 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 257.01 508.10 Td (informed ) Tj ET Q q 0 0 0 rg BT 295.98 508.10 Td (about ) Tj ET Q q 0 0 0 rg BT 320.52 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.05 508.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 367.37 508.10 Td (industry) Tj ET Q q 0 0 0 rg BT 399.50 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 404.32 508.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 426.37 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.13 508.10 Td (its ) Tj ET Q q 0 0 0 rg BT 454.89 508.10 Td (key ) Tj ET Q q 0 0 0 rg BT 471.65 508.10 Td (constituents, ) Tj ET Q q 0 0 0 rg BT 524.24 508.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 95.54 496.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 136.65 496.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 189.70 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.64 496.10 Td (management.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 481.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 64.26 466.10 Td (ector) Tj ET Q q 0 0 0 rg BT 85.72 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.22 466.10 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 436.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.14 436.10 Td (does ) Tj ET Q q 0 0 0 rg BT 127.74 436.10 Td (not ) Tj ET Q q 0 0 0 rg BT 143.79 436.10 Td (compensate ) Tj ET Q q 0 0 0 rg BT 194.27 436.10 Td (its ) Tj ET Q q 0 0 0 rg BT 207.00 436.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 245.26 436.10 Td (for ) Tj ET Q q 0 0 0 rg BT 260.19 436.10 Td (service ) Tj ET Q q 0 0 0 rg BT 291.78 436.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.06 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.55 436.10 Td (Board. ) Tj ET Q q 0 0 0 rg BT 350.76 436.10 Td (On ) Tj ET Q q 0 0 0 rg BT 366.26 436.10 Td (May ) Tj ET Q q 0 0 0 rg BT 387.87 436.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 403.64 436.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 429.42 436.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 452.42 436.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 475.98 436.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 506.48 436.10 Td (Securitization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 89.03 424.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 110.56 424.10 Td (\("GSS"\), ) Tj ET Q q 0 0 0 rg BT 148.88 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.97 424.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 191.54 424.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 243.06 424.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 283.20 424.10 Td (David ) Tj ET Q q 0 0 0 rg BT 310.09 424.10 Td (V) Tj ET Q q 0 0 0 rg BT 316.02 424.10 Td (. ) Tj ET Q q 0 0 0 rg BT 321.17 424.10 Td (DeAngelis ) Tj ET Q q 0 0 0 rg BT 366.59 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.68 424.10 Td (Bernard ) Tj ET Q q 0 0 0 rg BT 417.95 424.10 Td (Angelo, ) Tj ET Q q 0 0 0 rg BT 452.54 424.10 Td (who ) Tj ET Q q 0 0 0 rg BT 472.41 424.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.26 424.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 532.68 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.66 424.10 Td (GSS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.21 412.10 Td (are ) Tj ET Q q 0 0 0 rg BT 82.20 412.10 Td (described ) Tj ET Q q 0 0 0 rg BT 123.29 412.10 Td (as ) Tj ET Q q 0 0 0 rg BT 134.39 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.39 412.10 Td ("GSS ) Tj ET Q q 0 0 0 rg BT 174.59 412.10 Td (representatives," ) Tj ET Q q 0 0 0 rg BT 243.92 412.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 276.12 412.10 Td (into ) Tj ET Q q 0 0 0 rg BT 294.45 412.10 Td (an ) Tj ET Q q 0 0 0 rg BT 306.05 412.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 347.71 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.92 412.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 402.13 412.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 438.78 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.00 412.10 Td (Indemnity ) Tj ET Q q 0 0 0 rg BT 499.26 412.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 546.46 412.10 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td ("GSS ) Tj ET Q q 0 0 0 rg BT 73.59 400.10 Td (Agreement"\), ) Tj ET Q q 0 0 0 rg BT 129.41 400.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 165.34 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.60 400.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 203.03 400.10 Td (among ) Tj ET Q q 0 0 0 rg BT 231.74 400.10 Td (other ) Tj ET Q q 0 0 0 rg BT 253.77 400.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 282.21 400.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 293.13 400.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 312.97 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.89 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.60 400.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 362.43 400.10 Td (representatives ) Tj ET Q q 0 0 0 rg BT 423.89 400.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 452.02 400.10 Td (that ) Tj ET Q q 0 0 0 rg BT 468.51 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.21 400.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 502.05 400.10 Td (representatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.82 388.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 101.75 388.10 Td (as ) Tj ET Q q 0 0 0 rg BT 112.90 388.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 138.65 388.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 190.34 388.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 230.65 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.92 388.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 262.96 388.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 279.82 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.64 388.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 312.11 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.71 388.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 339.97 388.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 361.14 388.10 Td (an ) Tj ET Q q 0 0 0 rg BT 373.40 388.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 402.88 388.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 417.91 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.07 388.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 441.89 388.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 480.82 388.10 Td (as ) Tj ET Q q 0 0 0 rg BT 491.98 388.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 550.34 388.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 90.47 376.10 Td (such ) Tj ET Q q 0 0 0 rg BT 110.38 376.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 160.83 376.10 Td (director ) Tj ET Q q 0 0 0 rg BT 193.51 376.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 229.68 376.10 Td (The ) Tj ET Q q 0 0 0 rg BT 246.81 376.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 266.39 376.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 312.39 376.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 350.06 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.08 376.10 Td (restated, ) Tj ET Q q 0 0 0 rg BT 401.26 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.62 376.10 Td (its ) Tj ET Q q 0 0 0 rg BT 421.65 376.10 Td (entirety) Tj ET Q q 0 0 0 rg BT 451.54 376.10 Td (, ) Tj ET Q q 0 0 0 rg BT 455.62 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.42 376.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 504.88 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.90 376.10 Td (Indemnity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.30 364.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 123.33 364.10 Td (March ) Tj ET Q q 0 0 0 rg BT 151.81 364.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 161.69 364.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 186.56 364.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 218.36 364.10 Td (into ) Tj ET Q q 0 0 0 rg BT 236.30 364.10 Td (by ) Tj ET Q q 0 0 0 rg BT 248.67 364.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 270.78 364.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 293.44 364.10 Td (GSS, ) Tj ET Q q 0 0 0 rg BT 316.66 364.10 Td (Bernard ) Tj ET Q q 0 0 0 rg BT 351.25 364.10 Td (J. ) Tj ET Q q 0 0 0 rg BT 359.49 364.10 Td (Angelo ) Tj ET Q q 0 0 0 rg BT 391.31 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.12 364.10 Td (Kevin ) Tj ET Q q 0 0 0 rg BT 434.94 364.10 Td (P) Tj ET Q q 0 0 0 rg BT 439.39 364.10 Td (. ) Tj ET Q q 0 0 0 rg BT 444.27 364.10 Td (Burns. ) Tj ET Q q 0 0 0 rg BT 473.04 364.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 489.90 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.27 364.10 Td (does ) Tj ET Q q 0 0 0 rg BT 512.98 364.10 Td (not ) Tj ET Q q 0 0 0 rg BT 528.14 364.10 Td (consider ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 352.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 93.87 352.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 108.58 352.10 Td (it ) Tj ET Q q 0 0 0 rg BT 116.64 352.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 137.47 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.74 352.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 168.59 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.87 352.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 220.25 352.10 Td (director ) Tj ET Q q 0 0 0 rg BT 253.84 352.10 Td (compensation.) Tj ET Q 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 279.60 90.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 139.50 279.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 143.50 279.60 49.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 192.50 279.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 196.50 279.60 49.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 245.50 279.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 249.50 279.60 49.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 298.50 279.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 302.50 279.60 78.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 380.50 279.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 384.50 279.60 69.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 453.50 279.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 457.50 279.60 67.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 524.50 279.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 528.50 279.60 33.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 49.50 251.60 90.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 139.50 251.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 143.50 251.60 49.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 192.50 251.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 196.50 251.60 49.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 245.50 251.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 249.50 251.60 49.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 298.50 251.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 302.50 251.60 78.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 380.50 251.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 384.50 251.60 69.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 453.50 251.60 4.00 -14.00 re f /GS0 gs 0.8117647058823529 0.9411764705882353 0.9882352941176471 rg /GS0 gs 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BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.70 314.28 Td (Nonqualified) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.25 304.28 Td (deferr) Tj ET Q q 0 0 0 rg BT 426.71 304.28 Td (ed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.05 294.28 Td (compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 284.28 Td (earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 284.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.55 294.28 Td (All other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.05 284.28 Td (compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.00 284.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.55 284.28 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 270.17 Td (David Kimball) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 270.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 270.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.65 270.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 270.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 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270.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 256.17 Td (Ronald Suber) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.65 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.65 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.00 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.00 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 256.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 242.17 Td (Bernard J. Angelo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.65 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.65 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.00 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.00 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 242.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 228.17 Td (David V. DeAngelis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.65 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.65 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.00 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.00 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 101.95 194.10 Td (on ) Tj ET Q q 0 0 0 rg BT 115.01 194.10 Td (Officers' ) Tj ET Q q 0 0 0 rg BT 154.71 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.33 194.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 187.59 194.10 Td (ectors' ) Tj ET Q q 0 0 0 rg BT 218.41 194.10 Td (Liability ) Tj ET Q q 0 0 0 rg BT 257.58 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.21 194.10 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 346.49 194.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 362.97 194.10 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 164.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 111.31 164.10 Td (Fifth ) Tj ET Q q 0 0 0 rg BT 132.62 164.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 173.88 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.70 164.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 227.52 164.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 261.57 164.10 Td (Liability ) Tj ET Q q 0 0 0 rg BT 298.39 164.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 339.14 164.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 385.95 164.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 403.88 164.10 Td ("LLC ) Tj ET Q q 0 0 0 rg BT 428.71 164.10 Td (Agreement"\) ) Tj ET Q q 0 0 0 rg BT 482.93 164.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 519.75 164.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 539.63 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 164.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (fullest ) Tj ET Q q 0 0 0 rg BT 77.60 152.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 104.64 152.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 145.56 152.10 Td (by ) Tj ET Q q 0 0 0 rg BT 158.17 152.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 201.86 152.10 Td (law) Tj ET Q q 0 0 0 rg BT 215.65 152.10 Td (, ) Tj ET Q q 0 0 0 rg BT 220.76 152.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 246.29 152.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 283.88 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.92 152.10 Td (of) Tj ET Q q 0 0 0 rg BT 309.07 152.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 333.88 152.10 Td (will ) Tj ET Q q 0 0 0 rg BT 352.04 152.10 Td (not ) Tj 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(director's ) Tj ET Q q 0 0 0 rg BT 540.90 116.10 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (negligence ) Tj ET Q q 0 0 0 rg BT 95.68 104.10 Td (or ) Tj ET Q q 0 0 0 rg BT 106.38 104.10 Td (willful ) Tj ET Q q 0 0 0 rg BT 135.41 104.10 Td (misconduct;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 184.29 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.66 104.10 Td (pr) Tj ET Q q 0 0 0 rg BT 195.18 104.10 Td (ovided, ) Tj ET Q q 0 0 0 rg BT 226.70 104.10 Td (however) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.58 104.10 Td (, ) Tj ET Q q 0 0 0 rg BT 265.44 104.10 Td (that ) Tj ET Q q 0 0 0 rg BT 282.81 104.10 Td (any ) Tj ET Q q 0 0 0 rg BT 299.61 104.10 Td (such ) Tj ET Q q 0 0 0 rg BT 320.31 104.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 363.23 104.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 384.48 104.10 Td (be ) Tj ET Q q 0 0 0 rg BT 396.29 104.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 434.20 104.10 Td (out ) Tj ET Q q 0 0 0 rg BT 449.35 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.04 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.85 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.00 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.58 104.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 528.38 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.08 104.10 Td (PFL's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.43 92.10 Td (only) Tj ET Q q 0 0 0 rg BT 92.56 92.10 Td (. ) Tj ET Q q 0 0 0 rg BT 97.17 92.10 Td (In ) Tj ET Q q 0 0 0 rg BT 107.60 92.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 144.98 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.30 92.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 179.82 92.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 226.35 92.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 262.89 92.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 282.49 92.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.37 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.69 92.10 Td (fullest ) Tj ET Q q 0 0 0 rg BT 333.79 92.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 360.33 92.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 400.75 92.10 Td (by ) Tj ET Q q 0 0 0 rg BT 412.86 92.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 456.05 92.10 Td (law) Tj ET Q q 0 0 0 rg BT 469.84 92.10 Td (, ) Tj ET Q q 0 0 0 rg BT 474.44 92.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 491.30 92.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.40 92.10 Td (may ) Tj ET Q q 0 0 0 rg BT 512.73 92.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 547.58 92.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.65 80.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 124.51 80.10 Td (by ) Tj ET Q q 0 0 0 rg BT 137.06 80.10 Td (an ) Tj ET Q q 0 0 0 rg BT 149.05 80.10 Td (of) Tj ET Q q 0 0 0 rg BT 157.20 80.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 178.07 80.10 Td (or ) Tj ET Q q 0 0 0 rg BT 188.95 80.10 Td (director ) Tj ET Q q 0 0 0 rg BT 222.59 80.10 Td (defending ) Tj ET Q q 0 0 0 rg BT 265.13 80.10 Td (any ) Tj ET Q q 0 0 0 rg BT 282.12 80.10 Td (claim, ) Tj ET Q q 0 0 0 rg BT 309.38 80.10 Td (demand, ) Tj ET Q q 0 0 0 rg BT 346.09 80.10 Td (action, ) Tj ET Q q 0 0 0 rg BT 375.57 80.10 Td (suit ) Tj ET Q q 0 0 0 rg BT 392.57 80.10 Td (or ) Tj ET Q q 0 0 0 rg BT 403.45 80.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 450.42 80.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 472.41 80.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.74 80.10 Td (its ) Tj ET Q q 0 0 0 rg BT 494.74 80.10 Td (final ) Tj ET Q q 0 0 0 rg BT 515.61 80.10 Td (disposition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.82 68.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 98.57 68.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 128.60 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.75 68.10 Td (an ) Tj ET Q q 0 0 0 rg BT 152.01 68.10 Td (undertaking ) Tj ET Q q 0 0 0 rg BT 202.60 68.10 Td (by ) Tj ET Q q 0 0 0 rg BT 215.43 68.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.58 68.10 Td (on ) Tj ET Q q 0 0 0 rg BT 239.40 68.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 267.21 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.37 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.41 68.10 Td (of) Tj ET Q q 0 0 0 rg BT 301.56 68.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 322.69 68.10 Td (or ) Tj ET Q q 0 0 0 rg BT 333.85 68.10 Td (director ) Tj ET Q q 0 0 0 rg BT 367.77 68.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.37 68.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 403.40 68.10 Td (such ) Tj ET Q q 0 0 0 rg BT 424.55 68.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 457.37 68.10 Td (if ) Tj ET Q q 0 0 0 rg BT 466.30 68.10 Td (it ) Tj ET Q q 0 0 0 rg BT 474.68 68.10 Td (is ) Tj ET Q q 0 0 0 rg BT 484.18 68.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 531.98 68.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 68.10 Td (the ) Tj ET Q endstream endobj 211 0 obj <> endobj 212 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 742.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 79.26 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 90.38 742.10 Td (director ) Tj ET Q q 0 0 0 rg BT 124.26 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.72 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 149.29 742.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 182.07 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.64 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 204.87 742.10 Td (indemnified ) Tj ET Q q 0 0 0 rg BT 255.98 742.10 Td (under ) Tj ET Q q 0 0 0 rg BT 281.54 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.55 742.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 317.61 742.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 367.32 742.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 384.18 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 386.97 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 405.32 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 420.89 742.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 438.12 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 455.35 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 476.47 742.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 542.57 742.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.94 730.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 106.09 730.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 125.81 730.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 171.63 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 189.12 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 203.83 730.10 Td (allocable ) Tj ET Q q 0 0 0 rg BT 242.42 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.70 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.41 730.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 304.35 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.18 730.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 102.86 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.61 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.80 700.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 143.34 700.10 Td (have ) Tj ET Q q 0 0 0 rg BT 164.97 700.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 197.15 700.10 Td (into ) Tj ET Q q 0 0 0 rg BT 215.46 700.10 Td (an ) Tj ET Q q 0 0 0 rg BT 227.04 700.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 268.67 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.86 700.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 323.05 700.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 359.68 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.87 700.10 Td (Indemnity ) Tj ET Q q 0 0 0 rg BT 420.12 700.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 467.29 700.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 485.59 700.10 Td ("GSS ) Tj ET Q q 0 0 0 rg BT 510.17 700.10 Td (Agreement"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.24 688.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 99.92 688.10 Td (Securitization ) Tj ET Q q 0 0 0 rg BT 157.93 688.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 196.77 688.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 218.12 688.10 Td (\("GSS"\) ) Tj ET Q q 0 0 0 rg BT 253.75 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.66 688.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 296.05 688.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 347.38 688.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 387.33 688.10 Td (David ) Tj ET Q q 0 0 0 rg BT 414.06 688.10 Td (V) Tj ET Q q 0 0 0 rg BT 419.99 688.10 Td (. ) Tj ET Q q 0 0 0 rg BT 424.96 688.10 Td (DeAngelis ) Tj ET Q q 0 0 0 rg BT 470.19 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.09 688.10 Td (Bernard ) Tj ET Q q 0 0 0 rg BT 521.77 688.10 Td (J. ) Tj ET Q q 0 0 0 rg BT 530.08 688.10 Td (Angelo, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (who ) Tj ET Q q 0 0 0 rg BT 70.81 676.10 Td (are ) Tj ET Q q 0 0 0 rg BT 86.60 676.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 132.94 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.86 676.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 166.79 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.81 676.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.60 676.10 Td (described ) Tj ET Q q 0 0 0 rg BT 242.50 676.10 Td (as ) Tj ET Q q 0 0 0 rg BT 254.41 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.21 676.10 Td ("GSS ) Tj ET Q q 0 0 0 rg BT 296.23 676.10 Td (Representatives." ) Tj ET Q q 0 0 0 rg BT 369.70 676.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 398.28 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.08 676.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 435.21 676.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 485.72 676.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 507.09 676.10 Td (has ) Tj ET Q q 0 0 0 rg BT 524.00 676.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 554.23 676.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 93.56 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.24 664.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 129.05 664.10 Td (Representatives ) Tj ET Q q 0 0 0 rg BT 194.82 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.72 664.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 232.52 664.10 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 281.85 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 286.81 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.49 664.10 Td ("Indemnitees"\) ) Tj ET Q q 0 0 0 rg BT 364.32 664.10 Td (against ) Tj ET Q q 0 0 0 rg BT 395.10 664.10 Td (any ) Tj ET Q q 0 0 0 rg BT 412.00 664.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 432.52 664.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 466.08 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.87 664.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 501.54 664.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 537.32 664.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.78 664.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (Indemnitees ) Tj ET Q q 0 0 0 rg BT 100.64 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 110.74 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.95 652.10 Td (result ) Tj ET Q q 0 0 0 rg BT 140.93 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.03 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.02 652.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 185.13 652.10 Td (Representatives' ) Tj ET Q q 0 0 0 rg BT 252.01 652.10 Td (service ) Tj ET Q q 0 0 0 rg BT 282.10 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 292.20 652.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 342.84 652.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 379.59 652.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.02 652.10 Td (by ) Tj ET Q q 0 0 0 rg BT 404.79 652.10 Td (reason ) Tj ET Q q 0 0 0 rg BT 432.66 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.76 652.10 Td (any ) Tj ET Q q 0 0 0 rg BT 458.97 652.10 Td (act ) Tj ET Q q 0 0 0 rg BT 472.39 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 482.49 652.10 Td (omission ) Tj ET Q q 0 0 0 rg BT 520.38 652.10 Td (performed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.98 640.10 Td (omitted ) Tj ET Q q 0 0 0 rg BT 94.18 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 106.83 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.69 640.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 142.69 640.10 Td (Representatives ) Tj ET Q q 0 0 0 rg BT 208.65 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 219.63 640.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 245.20 640.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 296.72 640.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 336.86 640.10 Td (except ) Tj ET Q q 0 0 0 rg BT 365.60 640.10 Td (for ) Tj ET Q q 0 0 0 rg BT 379.91 640.10 Td (any ) Tj ET Q q 0 0 0 rg BT 396.99 640.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 417.71 640.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 451.45 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 462.43 640.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 487.29 640.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 523.25 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 535.90 640.10 Td (reason ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.54 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.96 628.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 98.51 628.10 Td (Representative's ) Tj ET Q q 0 0 0 rg BT 166.83 628.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 191.15 628.10 Td (negligence ) Tj ET Q q 0 0 0 rg BT 237.67 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 249.21 628.10 Td (willful ) Tj ET Q q 0 0 0 rg BT 279.08 628.10 Td (misconduct. ) Tj ET Q q 0 0 0 rg BT 330.89 628.10 Td (If ) Tj ET Q q 0 0 0 rg BT 340.76 628.10 Td (any ) Tj ET Q q 0 0 0 rg BT 358.40 628.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 406.03 628.10 Td (is ) Tj ET Q q 0 0 0 rg BT 415.91 628.10 Td (asserted ) Tj ET Q q 0 0 0 rg BT 451.32 628.10 Td (against ) Tj ET Q q 0 0 0 rg BT 482.86 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.28 628.10 Td (Indemnitees ) Tj ET Q q 0 0 0 rg BT 550.36 628.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.04 616.10 Td (they ) Tj ET Q q 0 0 0 rg BT 96.86 616.10 Td (may ) Tj ET Q q 0 0 0 rg BT 116.68 616.10 Td (be ) Tj ET Q q 0 0 0 rg BT 128.72 616.10 Td (indemnified ) Tj ET Q q 0 0 0 rg BT 179.64 616.10 Td (under ) Tj ET Q q 0 0 0 rg BT 205.01 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.83 616.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 240.21 616.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 289.73 616.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 310.12 616.10 Td (will ) Tj ET Q q 0 0 0 rg BT 328.28 616.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 353.64 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.69 616.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 396.05 616.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 429.20 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.58 616.10 Td (defend ) Tj ET Q q 0 0 0 rg BT 469.39 616.10 Td (such ) Tj ET Q q 0 0 0 rg BT 490.32 616.10 Td (action ) Tj ET Q q 0 0 0 rg BT 517.36 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.40 616.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.56 616.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 98.60 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 113.31 604.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 143.57 604.10 Td (all ) Tj ET Q q 0 0 0 rg BT 156.62 604.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 202.42 604.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 221.57 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.06 604.10 Td (disbursements ) Tj ET Q q 0 0 0 rg BT 299.32 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.70 604.10 Td (such ) Tj ET Q q 0 0 0 rg BT 332.08 604.10 Td (counsel. ) Tj ET Q q 0 0 0 rg BT 367.96 604.10 Td (The ) Tj ET Q q 0 0 0 rg BT 386.55 604.10 Td (Indemnitees ) Tj ET Q q 0 0 0 rg BT 438.47 604.10 Td (have ) Tj ET Q q 0 0 0 rg BT 460.40 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.67 604.10 Td (right ) Tj ET Q q 0 0 0 rg BT 497.60 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.43 604.10 Td (approve ) Tj ET Q q 0 0 0 rg BT 543.69 604.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (counsel, ) Tj ET Q q 0 0 0 rg BT 85.82 592.10 Td (but ) Tj ET Q q 0 0 0 rg BT 101.37 592.10 Td (may ) Tj ET Q q 0 0 0 rg BT 121.36 592.10 Td (not ) Tj ET Q q 0 0 0 rg BT 136.91 592.10 Td (unreasonably ) Tj ET Q q 0 0 0 rg BT 193.00 592.10 Td (withhold ) Tj ET Q q 0 0 0 rg BT 231.33 592.10 Td (approval. ) Tj ET Q q 0 0 0 rg BT 271.59 592.10 Td (If ) Tj ET Q q 0 0 0 rg BT 281.03 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.24 592.10 Td (court ) Tj ET Q q 0 0 0 rg BT 311.56 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.66 592.10 Td (competent ) Tj ET Q q 0 0 0 rg BT 367.08 592.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 415.41 592.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 462.06 592.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.82 592.10 Td (an ) Tj ET Q q 0 0 0 rg BT 492.04 592.10 Td (Indemnitee ) Tj ET Q q 0 0 0 rg BT 539.79 592.10 Td (is ) Tj ET Q q 0 0 0 rg BT 549.23 592.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 81.66 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.10 580.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 156.08 580.10 Td (under ) Tj ET Q q 0 0 0 rg BT 180.51 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.39 580.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 214.04 580.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 262.63 580.10 Td (GSS ) Tj ET Q q 0 0 0 rg BT 282.64 580.10 Td (must ) Tj ET Q q 0 0 0 rg BT 303.75 580.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 327.62 580.10 Td (any ) Tj ET Q q 0 0 0 rg BT 343.72 580.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 379.28 580.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 398.16 580.10 Td (by ) Tj ET Q q 0 0 0 rg BT 409.82 580.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 429.27 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.71 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.71 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 460.37 580.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 487.02 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.02 580.10 Td (such ) Tj ET Q q 0 0 0 rg BT 517.02 580.10 Td (Indemnitee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 568.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 106.65 568.10 Td (with ) Tj ET Q q 0 0 0 rg BT 126.93 568.10 Td (those ) Tj ET Q q 0 0 0 rg BT 150.54 568.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 182.47 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 193.30 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.58 568.10 Td (which ) Tj ET Q q 0 0 0 rg BT 230.52 568.10 Td (it ) Tj ET Q q 0 0 0 rg BT 238.57 568.10 Td (has ) Tj ET Q q 0 0 0 rg BT 254.40 568.10 Td (been ) Tj ET Q q 0 0 0 rg BT 275.78 568.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 323.26 568.10 Td (that ) Tj ET Q q 0 0 0 rg BT 340.76 568.10 Td (such ) Tj ET Q q 0 0 0 rg BT 361.59 568.10 Td (Indemnitee ) Tj ET Q q 0 0 0 rg BT 409.07 568.10 Td (is ) Tj ET Q q 0 0 0 rg BT 418.24 568.10 Td (not ) Tj ET Q q 0 0 0 rg BT 433.52 568.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 466.01 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.28 568.10 Td (indemnification.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.05 472.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 260.42 472.10 Td (osper) Tj ET Q q 0 0 0 rg BT 283.57 472.10 Td ( Marketplace, Inc.) 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Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.75 348.17 Td (Brad Pennington) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 348.17 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.75 348.17 Td (Chief Risk Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.75 334.17 Td (Kunal Kaul) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 334.17 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.75 334.17 Td (Executive Vice President, Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.75 320.17 Td (Sachin D. Adarkar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.75 320.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 320.17 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.75 320.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.75 320.17 Td (General Counsel and Secretary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.75 306.17 Td (Aaron Vermut) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.75 306.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 306.17 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.75 306.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.75 306.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.75 292.17 Td (Christopher M. Bishko) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.75 292.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 292.17 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.75 292.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.75 292.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.75 278.17 Td (Rajeev V. Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.75 278.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 278.17 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.75 278.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.75 278.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.75 264.17 Td (Patrick W. Grady) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.75 264.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 264.17 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.75 264.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.75 264.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.75 250.17 Td (David R. Golob) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.75 250.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 250.17 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.75 250.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.75 250.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.75 236.17 Td (Nigel W. Morris) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.75 236.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 236.17 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.75 236.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.75 236.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 202.10 Td (David ) Tj ET Q q 0 0 0 rg BT 112.69 202.10 Td (Kimball) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.91 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.16 202.10 Td (has ) Tj ET Q q 0 0 0 rg BT 162.74 202.10 Td (served ) Tj ET Q q 0 0 0 rg BT 191.08 202.10 Td (as ) Tj ET Q q 0 0 0 rg BT 201.66 202.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 226.13 202.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 268.35 202.10 Td (Of) Tj ET Q q 0 0 0 rg BT 278.73 202.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 299.29 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.97 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.66 202.10 Td (director ) Tj ET Q q 0 0 0 rg BT 356.00 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 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0 0 rg BT 324.21 190.10 Td (. ) Tj ET Q q 0 0 0 rg BT 329.29 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.87 190.10 Td (He ) Tj ET Q q 0 0 0 rg BT 346.11 190.10 Td (also ) Tj ET Q q 0 0 0 rg BT 364.79 190.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 403.47 190.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 431.04 190.10 Td (as ) Tj ET Q q 0 0 0 rg BT 441.94 190.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 466.74 190.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 509.30 190.10 Td (Of) Tj ET Q q 0 0 0 rg BT 519.67 190.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 540.56 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 557.58 190.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (director ) Tj ET Q q 0 0 0 rg BT 84.05 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.33 178.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 118.01 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.97 178.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 143.92 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.65 178.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 185.94 178.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 209.18 178.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 220.85 178.10 Td (. ) Tj ET Q q 0 0 0 rg BT 226.30 178.10 Td (Kimball ) Tj ET Q q 0 0 0 rg BT 262.03 178.10 Td (was ) Tj ET Q q 0 0 0 rg BT 280.53 178.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 309.59 178.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 349.76 178.10 Td (Of) Tj ET Q q 0 0 0 rg BT 360.13 178.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 381.40 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.68 178.10 Td (United ) Tj ET Q q 0 0 0 rg BT 422.85 178.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 459.03 178.10 Td (Automobile ) Tj ET Q q 0 0 0 rg BT 509.10 178.10 Td (Association's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (\(USAA\) ) Tj ET Q q 0 0 0 rg BT 87.70 166.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 113.74 166.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 157.54 166.10 Td (Of) Tj ET Q q 0 0 0 rg BT 167.91 166.10 Td (fice, ) Tj ET Q q 0 0 0 rg BT 189.21 166.10 Td (with ) Tj ET Q q 0 0 0 rg BT 210.81 166.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 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Td (the ) Tj ET Q q 0 0 0 rg BT 277.08 154.10 Td (call ) Tj ET Q q 0 0 0 rg BT 292.87 154.10 Td (centers/distribution ) Tj ET Q q 0 0 0 rg BT 371.43 154.10 Td (functions. ) Tj ET Q q 0 0 0 rg BT 412.50 154.10 Td (Before ) Tj ET Q q 0 0 0 rg BT 441.05 154.10 Td (his ) Tj ET Q q 0 0 0 rg BT 454.08 154.10 Td (position ) Tj ET Q q 0 0 0 rg BT 487.66 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 497.34 154.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 524.80 154.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 142.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 80.68 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.00 142.10 Td (USAA's ) Tj ET Q q 0 0 0 rg BT 125.91 142.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 150.12 142.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 192.09 142.10 Td (Of) Tj ET Q q 0 0 0 rg BT 202.47 142.10 Td (fice, ) Tj ET Q q 0 0 0 rg BT 221.94 142.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 233.61 142.10 Td (. ) Tj ET Q q 0 0 0 rg BT 238.10 142.10 Td (Kimball ) Tj ET Q q 0 0 0 rg BT 272.87 142.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 295.97 142.10 Td (eight ) Tj ET Q q 0 0 0 rg BT 317.95 142.10 Td (years ) Tj ET Q q 0 0 0 rg BT 341.04 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.81 142.10 Td (various ) Tj ET Q q 0 0 0 rg BT 382.24 142.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 413.66 142.10 Td (roles ) Tj ET Q q 0 0 0 rg BT 435.09 142.10 Td (at ) Tj ET Q q 0 0 0 rg BT 444.30 142.10 Td (USAA, ) Tj ET Q q 0 0 0 rg BT 476.01 142.10 Td (including ) Tj ET Q q 0 0 0 rg BT 515.78 142.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 543.73 142.10 Td (V) Tj ET Q q 0 0 0 rg BT 550.35 142.10 Td (ice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (President ) Tj ET Q q 0 0 0 rg BT 89.62 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.35 130.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 142.74 130.10 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 179.29 130.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 203.91 130.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 243.52 130.10 Td (Of) Tj ET Q q 0 0 0 rg BT 253.90 130.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 274.61 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.34 130.10 Td (USAA) Tj ET Q q 0 0 0 rg BT 312.02 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.42 130.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 346.81 130.10 Td (Savings ) Tj ET Q q 0 0 0 rg BT 380.88 130.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 406.89 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.20 130.10 Td (Assistant ) Tj ET Q q 0 0 0 rg BT 462.09 130.10 Td (V) Tj ET Q q 0 0 0 rg BT 468.72 130.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 482.77 130.10 Td (President ) Tj ET Q q 0 0 0 rg BT 522.39 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.12 130.10 Td (Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (Markets. ) Tj ET Q q 0 0 0 rg BT 90.57 118.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 113.36 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.94 118.10 Td (his ) Tj ET Q q 0 0 0 rg BT 138.40 118.10 Td (time ) Tj ET Q q 0 0 0 rg BT 158.97 118.10 Td (at ) Tj ET Q q 0 0 0 rg BT 168.99 118.10 Td (USAA, ) Tj ET Q q 0 0 0 rg BT 201.51 118.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 213.18 118.10 Td (. ) Tj ET Q q 0 0 0 rg BT 218.48 118.10 Td (Kimball ) Tj ET Q q 0 0 0 rg BT 254.05 118.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 277.95 118.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 292.97 118.10 Td (years ) Tj ET Q q 0 0 0 rg BT 316.86 118.10 Td (at ) Tj ET Q q 0 0 0 rg BT 326.88 118.10 Td (Ford ) Tj ET Q q 0 0 0 rg BT 348.57 118.10 Td (Motor ) Tj ET Q q 0 0 0 rg BT 376.36 118.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 418.05 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.28 118.10 Td (Ford ) Tj ET Q q 0 0 0 rg BT 456.97 118.10 Td (Motor ) Tj ET Q q 0 0 0 rg BT 484.77 118.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 512.56 118.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 554.24 118.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (both ) Tj ET Q q 0 0 0 rg BT 70.24 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.93 106.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 105.18 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.08 106.10 Td (U.K., ) Tj ET Q 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166.51 94.10 Td (an ) Tj ET Q q 0 0 0 rg BT 178.27 94.10 Td (M.B.A. ) Tj ET Q q 0 0 0 rg BT 210.87 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.63 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 234.38 94.10 Td (B.A. ) Tj ET Q q 0 0 0 rg BT 255.60 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.69 94.10 Td (English ) Tj ET Q q 0 0 0 rg BT 298.57 94.10 Td (from ) Tj ET Q q 0 0 0 rg BT 320.33 94.10 Td (Brigham ) Tj ET Q q 0 0 0 rg BT 357.30 94.10 Td (Y) Tj ET Q q 0 0 0 rg BT 363.52 94.10 Td (oung ) Tj ET Q q 0 0 0 rg BT 385.84 94.10 Td (University) Tj ET Q q 0 0 0 rg BT 427.40 94.10 Td (. ) Tj ET Q q 0 0 0 rg BT 432.22 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.54 94.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 454.65 94.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 489.73 94.10 Td (that ) Tj ET Q q 0 0 0 rg BT 507.04 94.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 518.71 94.10 Td (. ) Tj ET Q q 0 0 0 rg BT 523.53 94.10 Td (Kimball's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.48 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.42 82.10 Td (business ) Tj ET Q q 0 0 0 rg BT 140.81 82.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 179.40 82.10 Td (give ) Tj ET Q q 0 0 0 rg BT 199.12 82.10 Td (him ) Tj ET Q q 0 0 0 rg BT 217.18 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.89 82.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 288.82 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.76 82.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 329.38 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.66 82.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 363.26 82.10 Td (as ) Tj ET Q q 0 0 0 rg BT 374.09 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.03 82.10 Td (director) Tj ET Q q 0 0 0 rg BT 411.57 82.10 Td (.) Tj ET Q endstream endobj 213 0 obj <> endobj 214 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (106) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Ronald ) Tj ET Q q 0 0 0 rg BT 117.12 742.10 Td (Suber) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.45 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.69 742.10 Td (has ) Tj ET Q q 0 0 0 rg BT 158.25 742.10 Td (served ) Tj ET Q q 0 0 0 rg BT 186.59 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 197.15 742.10 Td (President ) Tj ET Q q 0 0 0 rg BT 236.60 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.17 742.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 267.19 742.10 Td (since ) Tj ET Q q 0 0 0 rg BT 289.97 742.10 Td (March ) Tj ET Q q 0 0 0 rg BT 318.30 742.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 343.04 742.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 365.28 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.29 742.10 Td (his ) Tj ET Q q 0 0 0 rg BT 389.19 742.10 Td (appointment ) Tj ET Q q 0 0 0 rg BT 441.42 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 451.99 742.10 Td (President, ) Tj ET Q q 0 0 0 rg BT 493.94 742.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 505.61 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 510.34 742.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 535.91 742.10 Td (served ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.23 730.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 87.60 730.10 Td (Head ) Tj ET Q q 0 0 0 rg BT 111.60 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.83 730.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 152.94 730.10 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 204.17 730.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 228.18 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 250.51 730.10 Td (January ) Tj ET Q q 0 0 0 rg BT 284.51 730.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 307.41 730.10 Td (until ) Tj ET Q q 0 0 0 rg BT 328.64 730.10 Td (March ) Tj ET Q q 0 0 0 rg BT 357.64 730.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 383.03 730.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 394.70 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 400.10 730.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 426.33 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 435.90 730.10 Td (also ) Tj ET Q q 0 0 0 rg BT 454.90 730.10 Td (President ) Tj ET Q q 0 0 0 rg BT 495.02 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.36 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.69 730.10 Td (director ) Tj ET Q q 0 0 0 rg BT 553.68 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 71.35 718.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 92.96 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.36 718.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 132.31 718.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 154.21 718.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 165.88 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 170.00 718.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 194.94 718.10 Td (served ) Tj ET Q q 0 0 0 rg BT 222.66 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 232.60 718.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 274.77 718.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 309.70 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 318.41 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 327.05 718.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 342.55 718.10 Td (Far) Tj ET Q q 0 0 0 rg BT 355.70 718.10 Td (go ) Tj ET Q q 0 0 0 rg BT 367.32 718.10 Td (Prime ) Tj ET Q q 0 0 0 rg BT 392.82 718.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 430.82 718.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 451.32 718.10 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 491.25 718.10 Td (Merlin ) Tj ET Q q 0 0 0 rg BT 520.08 718.10 Td (Securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (LLC\) ) Tj ET Q q 0 0 0 rg BT 74.16 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 95.12 706.10 Td (August ) Tj ET Q q 0 0 0 rg BT 125.96 706.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 147.91 706.10 Td (until ) Tj ET Q q 0 0 0 rg BT 168.19 706.10 Td (January ) Tj ET Q q 0 0 0 rg BT 201.23 706.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 225.68 706.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 237.35 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 241.80 706.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 267.08 706.10 Td (served ) Tj ET Q q 0 0 0 rg BT 295.12 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 305.40 706.10 Td (Head ) Tj ET Q q 0 0 0 rg BT 328.44 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.72 706.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 367.89 706.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 390.94 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.33 706.10 Td (Marketing, ) Tj ET Q q 0 0 0 rg BT 453.43 706.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 481.49 706.10 Td (Partner ) Tj ET Q q 0 0 0 rg BT 512.31 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.70 706.10 Td (Director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.02 694.10 Td (Merlin ) Tj ET Q q 0 0 0 rg BT 90.92 694.10 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 135.54 694.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 157.11 694.10 Td (from ) Tj ET Q q 0 0 0 rg BT 178.64 694.10 Td (April ) Tj ET Q q 0 0 0 rg BT 202.43 694.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 225.12 694.10 Td (until ) Tj ET Q q 0 0 0 rg BT 246.14 694.10 Td (it ) Tj ET Q q 0 0 0 rg BT 254.38 694.10 Td (was ) Tj ET Q q 0 0 0 rg BT 272.62 694.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 309.73 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 322.22 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 330.86 694.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 347.43 694.10 Td (Far) Tj ET Q q 0 0 0 rg BT 360.58 694.10 Td (go ) Tj ET Q q 0 0 0 rg BT 373.27 694.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 415.39 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.26 694.10 Td (August ) Tj ET Q q 0 0 0 rg BT 456.83 694.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 482.02 694.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 493.69 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 498.87 694.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 524.89 694.10 Td (served ) Tj ET Q q 0 0 0 rg BT 553.67 694.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (President ) Tj ET Q q 0 0 0 rg BT 89.08 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.27 682.10 Td (Spectrum ) Tj ET Q q 0 0 0 rg BT 139.45 682.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 168.53 682.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 190.54 682.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 252.95 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 274.25 682.10 Td (2006 ) Tj ET Q q 0 0 0 rg BT 296.11 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.75 682.10 Td (2008. ) Tj ET Q q 0 0 0 rg BT 330.11 682.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 341.78 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 346.14 682.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 371.33 682.10 Td (was ) Tj ET Q q 0 0 0 rg BT 388.74 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 408.38 682.10 Td (Bear ) Tj ET Q q 0 0 0 rg BT 429.12 682.10 Td (Stearns ) Tj ET Q q 0 0 0 rg BT 460.42 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 481.72 682.10 Td (1992 ) Tj ET Q q 0 0 0 rg BT 503.58 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.22 682.10 Td (2006, ) Tj ET Q q 0 0 0 rg BT 537.58 682.10 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (he ) Tj ET Q q 0 0 0 rg BT 62.47 670.10 Td (most ) Tj ET Q q 0 0 0 rg BT 84.96 670.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 120.20 670.10 Td (served ) Tj ET Q q 0 0 0 rg BT 149.33 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 160.70 670.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 189.84 670.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 233.43 670.10 Td (Director) Tj ET Q q 0 0 0 rg BT 266.19 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 271.73 670.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 283.40 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 288.93 670.10 Td (Suber ) Tj ET Q q 0 0 0 rg BT 315.30 670.10 Td (received ) Tj ET Q q 0 0 0 rg BT 352.20 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.67 670.10 Td (B.A. ) Tj ET Q q 0 0 0 rg BT 381.60 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.41 670.10 Td (Economics ) Tj ET Q q 0 0 0 rg BT 439.88 670.10 Td (from ) Tj ET Q q 0 0 0 rg BT 462.36 670.10 Td (University ) Tj ET Q q 0 0 0 rg BT 507.61 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.98 670.10 Td (California, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Berkeley) Tj ET Q q 0 0 0 rg BT 85.44 658.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 628.10 Td (Usama ) Tj ET Q q 0 0 0 rg BT 116.69 628.10 Td (Ashraf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.35 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.89 628.10 Td (has ) Tj ET Q q 0 0 0 rg BT 161.75 628.10 Td (served ) Tj ET Q q 0 0 0 rg BT 190.38 628.10 Td (as ) Tj ET Q q 0 0 0 rg BT 201.25 628.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 226.00 628.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 265.74 628.10 Td (Of) Tj ET Q q 0 0 0 rg BT 276.11 628.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 296.96 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.82 628.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 328.14 628.10 Td (since ) Tj ET Q q 0 0 0 rg BT 351.22 628.10 Td (February ) Tj ET Q q 0 0 0 rg BT 389.85 628.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 414.89 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.42 628.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 439.95 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.26 628.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 481.13 628.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 503.95 628.10 Td (from ) Tj ET Q q 0 0 0 rg BT 525.92 628.10 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.39 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.55 616.10 Td (February ) Tj ET Q q 0 0 0 rg BT 121.04 616.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 145.93 616.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 157.60 616.10 Td (. ) Tj ET Q q 0 0 0 rg BT 161.96 616.10 Td (Ashraf ) Tj ET Q q 0 0 0 rg BT 191.56 616.10 Td (served ) Tj ET Q q 0 0 0 rg BT 222.54 616.10 Td (as ) Tj ET Q q 0 0 0 rg BT 233.26 616.10 Td (DeputyChief ) Tj ET Q q 0 0 0 rg BT 289.81 616.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 329.40 616.10 Td (Of) Tj ET Q q 0 0 0 rg BT 339.78 616.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 360.48 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.13 616.10 Td (T) Tj ET Q q 0 0 0 rg BT 382.89 616.10 Td (reasurer ) Tj ET Q q 0 0 0 rg BT 417.47 616.10 Td (at ) Tj ET Q q 0 0 0 rg BT 426.55 616.10 Td (Annaly ) Tj ET Q q 0 0 0 rg BT 458.38 616.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 489.65 616.10 Td (Management, ) Tj ET Q q 0 0 0 rg BT 546.74 616.10 Td (Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (\(Annaly"\) ) Tj ET Q q 0 0 0 rg BT 97.75 604.10 Td (withresponsibility ) Tj ET Q q 0 0 0 rg BT 175.59 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 190.38 604.10 Td (treasury) Tj ET Q q 0 0 0 rg BT 221.94 604.10 Td (, ) Tj ET Q q 0 0 0 rg BT 227.56 604.10 Td (tax, ) Tj ET Q q 0 0 0 rg BT 245.41 604.10 Td (management ) Tj ET Q q 0 0 0 rg BT 299.62 604.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 339.40 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.97 604.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 395.08 604.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 433.20 604.10 Td (& ) Tj ET Q q 0 0 0 rg BT 444.10 604.10 Td (analysis. ) Tj ET Q q 0 0 0 rg BT 481.95 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.07 604.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 508.20 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.10 604.10 Td (his ) Tj ET Q q 0 0 0 rg BT 533.90 604.10 Td (time ) Tj ET Q q 0 0 0 rg BT 554.80 604.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (Annaly) Tj ET Q q 0 0 0 rg BT 78.79 592.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.59 592.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 95.26 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 99.55 592.10 Td (Ashraf ) Tj ET Q q 0 0 0 rg BT 129.06 592.10 Td (worked ) Tj ET Q q 0 0 0 rg BT 161.35 592.10 Td (at ) Tj ET Q q 0 0 0 rg BT 170.87 592.10 Td (United ) Tj ET Q q 0 0 0 rg BT 200.39 592.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 236.05 592.10 Td (Automobile ) Tj ET Q q 0 0 0 rg BT 285.62 592.10 Td (Association ) Tj ET Q q 0 0 0 rg BT 335.14 592.10 Td (\(USAA\), ) Tj ET Q q 0 0 0 rg BT 382.70 592.10 Td (where ) Tj ET Q q 0 0 0 rg BT 409.43 592.10 Td (he ) Tj ET Q q 0 0 0 rg BT 421.17 592.10 Td (served ) Tj ET Q q 0 0 0 rg BT 449.57 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 460.20 592.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 502.31 592.10 Td (T) Tj ET Q q 0 0 0 rg BT 508.07 592.10 Td (reasurer ) Tj ET Q q 0 0 0 rg BT 542.57 592.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (November ) Tj ET Q q 0 0 0 rg BT 94.39 580.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 116.57 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.52 580.10 Td (February ) Tj ET Q q 0 0 0 rg BT 164.80 580.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 186.98 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.12 580.10 Td (Assistant ) Tj ET Q q 0 0 0 rg BT 241.97 580.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 283.97 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 289.73 580.10 Td (reasurer ) Tj ET Q q 0 0 0 rg BT 324.11 580.10 Td (from ) Tj ET Q q 0 0 0 rg BT 345.72 580.10 Td (January ) Tj ET Q q 0 0 0 rg BT 379.00 580.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 401.18 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.14 580.10 Td (October ) Tj ET Q q 0 0 0 rg BT 445.52 580.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 470.20 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.38 580.10 Td (Before ) Tj ET Q q 0 0 0 rg BT 501.77 580.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 532.28 580.10 Td (USAA, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 568.10 Td (. ) Tj ET Q q 0 0 0 rg BT 66.02 568.10 Td (Ashraf ) Tj ET Q q 0 0 0 rg BT 95.61 568.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 119.09 568.10 Td (13 ) Tj ET Q q 0 0 0 rg BT 131.47 568.10 Td (years ) Tj ET Q q 0 0 0 rg BT 154.94 568.10 Td (at ) Tj ET Q q 0 0 0 rg BT 164.53 568.10 Td (CIT) Tj ET Q q 0 0 0 rg BT 180.46 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.84 568.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 213.26 568.10 Td (where ) Tj ET Q q 0 0 0 rg BT 240.07 568.10 Td (he ) Tj ET Q q 0 0 0 rg BT 251.88 568.10 Td (held ) Tj ET Q q 0 0 0 rg BT 271.48 568.10 Td (various ) Tj ET Q q 0 0 0 rg BT 303.29 568.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 341.78 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.94 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.36 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 372.11 568.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 403.92 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.73 568.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 463.09 568.10 Td (M&A) Tj ET Q q 0 0 0 rg BT 486.43 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.81 568.10 Td (departments, ) Tj ET Q q 0 0 0 rg BT 542.56 568.10 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 85.37 556.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 117.98 556.10 Td (as ) Tj ET Q q 0 0 0 rg BT 129.48 556.10 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 161.87 556.10 Td (T) Tj ET Q q 0 0 0 rg BT 167.62 556.10 Td (reasurer ) Tj ET Q q 0 0 0 rg BT 202.99 556.10 Td (with ) Tj ET Q q 0 0 0 rg BT 223.94 556.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 281.56 556.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.39 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.78 556.10 Td (firm) Tj ET Q q 0 0 0 rg BT 331.77 556.10 Td (s ) Tj ET Q q 0 0 0 rg BT 338.60 556.10 Td (T) Tj ET Q q 0 0 0 rg BT 344.36 556.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 376.96 556.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 416.23 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.18 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.57 556.10 Td (United ) Tj ET Q q 0 0 0 rg BT 472.96 556.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 502.52 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 505.69 556.10 Td (He ) Tj ET Q q 0 0 0 rg BT 520.52 556.10 Td (started ) Tj ET Q q 0 0 0 rg BT 550.35 556.10 Td (his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (career ) Tj ET Q q 0 0 0 rg BT 77.05 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.46 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.31 544.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 148.82 544.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 183.67 544.10 Td (division ) Tj ET Q q 0 0 0 rg BT 218.53 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.50 544.10 Td (Salomon ) Tj ET Q q 0 0 0 rg BT 267.69 544.10 Td (Smith ) Tj ET Q q 0 0 0 rg BT 294.22 544.10 Td (Barney/Citigroup ) Tj ET Q q 0 0 0 rg BT 366.84 544.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 400.57 544.10 Td (on ) Tj ET Q q 0 0 0 rg BT 413.21 544.10 Td (M&A. ) Tj ET Q q 0 0 0 rg BT 442.23 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.86 544.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 456.53 544.10 Td (. ) Tj ET Q q 0 0 0 rg BT 461.09 544.10 Td (Ashraf ) Tj ET Q q 0 0 0 rg BT 490.93 544.10 Td (received ) Tj ET Q q 0 0 0 rg BT 527.43 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.50 544.10 Td (B.S.in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (Economics, ) Tj ET Q q 0 0 0 rg BT 99.43 532.10 Td (with ) Tj ET Q q 0 0 0 rg BT 119.71 532.10 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 180.52 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.80 532.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 224.96 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.34 532.10 Td (Accounting, ) Tj ET Q q 0 0 0 rg BT 293.00 532.10 Td (from ) Tj ET Q q 0 0 0 rg BT 314.76 532.10 Td (The ) Tj ET Q q 0 0 0 rg BT 332.62 532.10 Td (Wharton ) Tj ET Q q 0 0 0 rg BT 370.11 532.10 Td (Schoolof ) Tj ET Q q 0 0 0 rg BT 411.22 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.93 532.10 Td (University ) Tj ET Q q 0 0 0 rg BT 470.65 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.48 532.10 Td (Pennsylvania.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (Brad ) Tj ET Q q 0 0 0 rg BT 107.73 502.10 Td (Pennington) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.83 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.56 502.10 Td (has ) Tj ET Q q 0 0 0 rg BT 170.62 502.10 Td (served ) Tj ET Q q 0 0 0 rg BT 198.45 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 208.50 502.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 232.45 502.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 252.52 502.10 Td (Of) Tj ET Q q 0 0 0 rg BT 262.89 502.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 282.93 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.99 502.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 312.50 502.10 Td (since ) Tj ET Q q 0 0 0 rg BT 334.78 502.10 Td (May ) Tj ET Q q 0 0 0 rg BT 354.84 502.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 379.07 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.79 502.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 402.52 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.03 502.10 Td (his ) Tj ET Q q 0 0 0 rg BT 425.43 502.10 Td (appointment ) Tj ET Q q 0 0 0 rg BT 477.15 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 487.21 502.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 511.15 502.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 531.22 502.10 Td (Of) Tj ET Q q 0 0 0 rg BT 541.59 502.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 559.51 502.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 66.18 490.10 Td (Pennington ) Tj ET Q q 0 0 0 rg BT 113.75 490.10 Td (served ) Tj ET Q q 0 0 0 rg BT 141.85 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.19 490.10 Td (PMI) Tj ET Q q 0 0 0 rg BT 172.75 490.10 Td (s ) Tj ET Q q 0 0 0 rg BT 178.51 490.10 Td (V) Tj ET Q q 0 0 0 rg BT 185.13 490.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 198.80 490.10 Td (President ) Tj ET Q q 0 0 0 rg BT 238.02 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.36 490.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 268.27 490.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 305.28 490.10 Td (from ) Tj ET Q q 0 0 0 rg BT 326.28 490.10 Td (April ) Tj ET Q q 0 0 0 rg BT 349.40 490.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 371.41 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.19 490.10 Td (May ) Tj ET Q q 0 0 0 rg BT 401.53 490.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 423.54 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.99 490.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 475.32 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.66 490.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 505.56 490.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 542.57 490.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (February ) Tj ET Q q 0 0 0 rg BT 88.76 478.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 111.41 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.26 478.10 Td (April ) Tj ET Q q 0 0 0 rg BT 145.03 478.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 170.19 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.84 478.10 Td (Before ) Tj ET Q q 0 0 0 rg BT 202.71 478.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 233.70 478.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 256.64 478.10 Td (from ) Tj ET Q q 0 0 0 rg BT 278.15 478.10 Td (August ) Tj ET Q q 0 0 0 rg BT 309.70 478.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 332.36 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.80 478.10 Td (February ) Tj ET Q q 0 0 0 rg BT 381.55 478.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 406.71 478.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 418.38 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 423.54 478.10 Td (Pennington ) Tj ET Q q 0 0 0 rg BT 471.75 478.10 Td (was ) Tj ET Q q 0 0 0 rg BT 489.37 478.10 Td (Assistant ) Tj ET Q q 0 0 0 rg BT 528.70 478.10 Td (Director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 62.38 466.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 84.78 466.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 141.03 466.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 178.96 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.79 466.10 Td (Moody) Tj ET Q q 0 0 0 rg BT 232.46 466.10 Td (s ) Tj ET Q q 0 0 0 rg BT 239.51 466.10 Td (Analytics, ) Tj ET Q q 0 0 0 rg BT 284.39 466.10 Td (where ) Tj ET Q q 0 0 0 rg BT 312.87 466.10 Td (heworked ) Tj ET Q q 0 0 0 rg BT 358.85 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.68 466.10 Td (lar) Tj ET Q q 0 0 0 rg BT 391.05 466.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 404.54 466.10 Td (global ) Tj ET Q q 0 0 0 rg BT 433.59 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.08 466.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 473.92 466.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 497.41 466.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 527.56 466.10 Td (focusing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (onEconomicCapital, ) Tj ET Q q 0 0 0 rg BT 138.42 454.10 Td (Basel ) Tj ET Q q 0 0 0 rg BT 162.13 454.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 211.94 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.88 454.10 Td (PD, ) Tj ET Q q 0 0 0 rg BT 244.65 454.10 Td (LGD ) Tj ET Q q 0 0 0 rg BT 266.70 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.63 454.10 Td (EAD ) Tj ET Q q 0 0 0 rg BT 304.68 454.10 Td (model ) Tj ET Q q 0 0 0 rg BT 331.17 454.10 Td (development. ) Tj ET Q q 0 0 0 rg BT 389.31 454.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 410.81 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.08 454.10 Td (his ) Tj ET Q q 0 0 0 rg BT 433.24 454.10 Td (time ) Tj ET Q q 0 0 0 rg BT 452.51 454.10 Td (at ) Tj ET Q q 0 0 0 rg BT 461.22 454.10 Td (Moody) Tj ET Q q 0 0 0 rg BT 492.89 454.10 Td (s, ) Tj ET Q q 0 0 0 rg BT 500.78 454.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 512.45 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 516.44 454.10 Td (Pennington ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 72.94 442.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 79.77 442.10 Td (years ) Tj ET Q q 0 0 0 rg BT 102.70 442.10 Td (at ) Tj ET Q q 0 0 0 rg BT 111.75 442.10 Td (First ) Tj ET Q q 0 0 0 rg BT 131.92 442.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 160.42 442.10 Td (Card, ) Tj ET Q q 0 0 0 rg BT 184.18 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.45 442.10 Td (small-business ) Tj ET Q q 0 0 0 rg BT 251.17 442.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 275.77 442.10 Td (card ) Tj ET Q q 0 0 0 rg BT 294.80 442.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 332.18 442.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 363.43 442.10 Td (start-up, ) Tj ET Q q 0 0 0 rg BT 398.31 442.10 Td (where ) Tj ET Q q 0 0 0 rg BT 424.57 442.10 Td (he ) Tj ET Q q 0 0 0 rg BT 435.84 442.10 Td (served ) Tj ET Q q 0 0 0 rg BT 463.77 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 473.93 442.10 Td (Manager ) Tj ET Q q 0 0 0 rg BT 511.30 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.46 442.10 Td (Predictive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Analytics ) Tj ET Q q 0 0 0 rg BT 90.85 430.10 Td (from ) Tj ET Q q 0 0 0 rg BT 112.82 430.10 Td (June ) Tj ET Q q 0 0 0 rg BT 133.68 430.10 Td (2005 ) Tj ET Q q 0 0 0 rg BT 156.21 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.51 430.10 Td (July ) Tj ET Q q 0 0 0 rg BT 185.71 430.10 Td (2010. ) Tj ET Q q 0 0 0 rg BT 210.74 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.27 430.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 224.94 430.10 Td (. ) Tj ET Q q 0 0 0 rg BT 229.97 430.10 Td (Pennington ) Tj ET Q q 0 0 0 rg BT 278.05 430.10 Td (received ) Tj ET Q q 0 0 0 rg BT 314.44 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 321.41 430.10 Td (B.S. ) Tj ET Q q 0 0 0 rg BT 341.17 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.48 430.10 Td (Economics ) Tj ET Q q 0 0 0 rg BT 398.44 430.10 Td (from ) Tj ET Q q 0 0 0 rg BT 420.40 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.97 430.10 Td (Wharton ) Tj ET Q q 0 0 0 rg BT 472.48 430.10 Td (Under) Tj ET Q q 0 0 0 rg BT 497.29 430.10 Td (graduate ) Tj ET Q q 0 0 0 rg BT 534.24 430.10 Td (School ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (where ) Tj ET Q q 0 0 0 rg BT 78.14 418.10 Td (he ) Tj ET Q q 0 0 0 rg BT 91.29 418.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 136.65 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.80 418.10 Td (self-directed ) Tj ET Q q 0 0 0 rg BT 198.48 418.10 Td (course ) Tj ET Q q 0 0 0 rg BT 228.29 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.33 418.10 Td (study) Tj ET Q q 0 0 0 rg BT 261.35 418.10 Td (, ) Tj ET Q q 0 0 0 rg BT 267.56 418.10 Td (obtainingminors ) Tj ET Q q 0 0 0 rg BT 339.33 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.82 418.10 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 388.68 418.10 Td (Statistics, ) Tj ET Q q 0 0 0 rg BT 431.01 418.10 Td (Mathematics, ) Tj ET Q q 0 0 0 rg BT 488.87 418.10 Td (Econometrics ) Tj ET Q q 0 0 0 rg BT 547.56 418.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 96.38 406.10 Td (Research.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 376.10 Td (Kunal ) Tj ET Q q 0 0 0 rg BT 112.85 376.10 Td (Kaul) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.30 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.70 376.10 Td (has ) Tj ET Q q 0 0 0 rg BT 150.44 376.10 Td (served ) Tj ET Q q 0 0 0 rg BT 178.94 376.10 Td (as ) Tj ET Q q 0 0 0 rg BT 189.67 376.10 Td (PMI) Tj ET Q q 0 0 0 rg BT 210.24 376.10 Td (s ) Tj ET Q q 0 0 0 rg BT 216.53 376.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 258.74 376.10 Td (V) Tj ET Q q 0 0 0 rg BT 265.36 376.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 279.42 376.10 Td (President, ) Tj ET Q q 0 0 0 rg BT 321.54 376.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 367.82 376.10 Td (since ) Tj ET Q q 0 0 0 rg BT 390.77 376.10 Td (late ) Tj ET Q q 0 0 0 rg BT 407.61 376.10 Td (December ) Tj ET Q q 0 0 0 rg BT 451.10 376.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 476.00 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.41 376.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 500.81 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.99 376.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 541.73 376.10 Td (PMI, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 364.10 Td (. ) Tj ET Q q 0 0 0 rg BT 65.99 364.10 Td (Kaul ) Tj ET Q q 0 0 0 rg BT 87.25 364.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 110.18 364.10 Td (more ) Tj ET Q q 0 0 0 rg BT 132.54 364.10 Td (than ) Tj ET Q q 0 0 0 rg BT 151.58 364.10 Td (13 ) Tj ET Q q 0 0 0 rg BT 163.40 364.10 Td (years ) Tj ET Q q 0 0 0 rg BT 186.32 364.10 Td (at ) Tj ET Q q 0 0 0 rg BT 195.36 364.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 226.06 364.10 Td (One, ) Tj ET Q q 0 0 0 rg BT 247.04 364.10 Td (where ) Tj ET Q q 0 0 0 rg BT 273.29 364.10 Td (he ) Tj ET Q q 0 0 0 rg BT 284.55 364.10 Td (served ) Tj ET Q q 0 0 0 rg BT 312.47 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.07 364.10 Td (various ) Tj ET Q q 0 0 0 rg BT 353.33 364.10 Td (positions, ) Tj ET Q q 0 0 0 rg BT 393.76 364.10 Td (including ) Tj ET Q q 0 0 0 rg BT 433.36 364.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 461.29 364.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 498.67 364.10 Td (Director) Tj ET Q q 0 0 0 rg BT 531.58 364.10 Td (, ) Tj ET Q q 0 0 0 rg BT 535.90 364.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 88.52 352.10 Td (Manager ) Tj ET Q q 0 0 0 rg BT 127.02 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.42 352.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 173.49 352.10 Td (Product ) Tj ET Q q 0 0 0 rg BT 207.56 352.10 Td (Manager) Tj ET Q q 0 0 0 rg BT 242.69 352.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.15 352.10 Td (across ) Tj ET Q q 0 0 0 rg BT 276.10 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 283.50 352.10 Td (number ) Tj ET Q q 0 0 0 rg BT 317.01 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.30 352.10 Td (departments. ) Tj ET Q q 0 0 0 rg BT 382.63 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.59 352.10 Td (In ) Tj ET Q q 0 0 0 rg BT 396.88 352.10 Td (his ) Tj ET Q q 0 0 0 rg BT 411.51 352.10 Td (most ) Tj ET Q q 0 0 0 rg BT 433.92 352.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 461.31 352.10 Td (roles ) Tj ET Q q 0 0 0 rg BT 483.71 352.10 Td (at ) Tj ET Q q 0 0 0 rg BT 493.88 352.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 525.73 352.10 Td (One, ) Tj ET Q q 0 0 0 rg BT 547.85 352.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 559.52 352.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Kaul ) Tj ET Q q 0 0 0 rg BT 73.00 340.10 Td (served ) Tj ET Q q 0 0 0 rg BT 102.65 340.10 Td (as ) Tj ET Q q 0 0 0 rg BT 114.54 340.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 144.20 340.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 183.32 340.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 220.20 340.10 Td (- ) Tj ET Q q 0 0 0 rg BT 227.08 340.10 Td (Head ) Tj ET Q q 0 0 0 rg BT 251.74 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.63 340.10 Td (Home ) Tj ET Q q 0 0 0 rg BT 291.62 340.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 319.62 340.10 Td (Originations ) Tj ET Q q 0 0 0 rg BT 373.17 340.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 420.60 340.10 Td (Excellence ) Tj ET Q q 0 0 0 rg BT 468.02 340.10 Td (from ) Tj ET Q q 0 0 0 rg BT 491.01 340.10 Td (February ) Tj ET Q q 0 0 0 rg BT 530.67 340.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 554.23 340.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.73 328.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 116.38 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.47 328.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 162.23 328.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 200.44 328.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 236.40 328.10 Td (- ) Tj ET Q q 0 0 0 rg BT 242.38 328.10 Td (Retail ) Tj ET Q q 0 0 0 rg BT 268.91 328.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 292.67 328.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 334.19 328.10 Td (& ) Tj ET Q q 0 0 0 rg BT 344.62 328.10 Td (Home ) Tj ET Q q 0 0 0 rg BT 371.71 328.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 401.02 328.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 437.00 328.10 Td (from ) Tj ET Q q 0 0 0 rg BT 459.08 328.10 Td (January ) Tj ET Q q 0 0 0 rg BT 492.83 328.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 515.48 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.91 328.10 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.96 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.41 316.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 89.08 316.10 Td (. ) Tj ET Q q 0 0 0 rg BT 94.04 316.10 Td (Kaul ) Tj ET Q q 0 0 0 rg BT 115.93 316.10 Td (has ) Tj ET Q q 0 0 0 rg BT 131.71 316.10 Td (an ) Tj ET Q q 0 0 0 rg BT 143.61 316.10 Td (MBA) Tj ET Q q 0 0 0 rg BT 165.84 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.29 316.10 Td (from ) Tj ET Q q 0 0 0 rg BT 190.19 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.86 316.10 Td (Indian ) Tj ET Q q 0 0 0 rg BT 232.86 316.10 Td (Institute ) Tj ET Q q 0 0 0 rg BT 268.09 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.88 316.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 333.53 316.10 Td (\(Bangalore, ) Tj ET Q q 0 0 0 rg BT 382.91 316.10 Td (India\) ) Tj ET Q q 0 0 0 rg BT 409.24 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.14 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.03 316.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 462.13 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 472.36 316.10 Td (Chemical ) Tj ET Q q 0 0 0 rg BT 513.14 316.10 Td (Engineering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 304.10 Td (Bombay ) Tj ET Q q 0 0 0 rg BT 108.33 304.10 Td (University) Tj ET Q q 0 0 0 rg BT 149.89 304.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 274.10 Td (Sachin ) Tj ET Q q 0 0 0 rg BT 116.05 274.10 Td (D. ) Tj ET Q q 0 0 0 rg BT 128.41 274.10 Td (Adarkar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.74 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.57 274.10 Td (has ) Tj ET Q q 0 0 0 rg BT 180.74 274.10 Td (served ) Tj ET Q q 0 0 0 rg BT 209.67 274.10 Td (as ) Tj ET Q q 0 0 0 rg BT 220.84 274.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 247.15 274.10 Td (General ) Tj ET Q q 0 0 0 rg BT 281.63 274.10 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 317.25 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.52 274.10 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 375.11 274.10 Td (since ) Tj ET Q q 0 0 0 rg BT 397.87 274.10 Td (August ) Tj ET Q q 0 0 0 rg BT 429.59 274.10 Td (2009. ) Tj ET Q q 0 0 0 rg BT 454.93 274.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 466.60 274.10 Td (. ) Tj ET Q q 0 0 0 rg BT 471.31 274.10 Td (Adarkar ) Tj ET Q q 0 0 0 rg BT 506.91 274.10 Td (also ) Tj ET Q q 0 0 0 rg BT 525.85 274.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 553.68 274.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 89.53 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.63 262.10 Td (PFL. ) Tj ET Q q 0 0 0 rg BT 121.13 262.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 142.91 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.46 262.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 182.56 262.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 204.62 262.10 Td (he ) Tj ET Q q 0 0 0 rg BT 215.83 262.10 Td (served ) Tj ET Q q 0 0 0 rg BT 243.70 262.10 Td (as ) Tj ET Q q 0 0 0 rg BT 253.68 262.10 Td (V) Tj ET Q q 0 0 0 rg BT 260.30 262.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 273.72 262.10 Td (President ) Tj ET Q q 0 0 0 rg BT 312.71 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.92 262.10 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 360.14 262.10 Td (General ) Tj ET Q q 0 0 0 rg BT 393.55 262.10 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 428.10 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.21 262.10 Td (GreenPoint ) Tj ET Q q 0 0 0 rg BT 485.53 262.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 526.18 262.10 Td (Funding, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 70.67 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 78.01 250.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 120.90 250.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 161.56 250.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 189.45 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.13 250.10 Td (Novato, ) Tj ET Q q 0 0 0 rg BT 234.97 250.10 Td (CA. ) Tj ET Q q 0 0 0 rg BT 254.26 250.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 277.17 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.85 250.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 319.08 250.10 Td (GreenPoint, ) Tj ET Q q 0 0 0 rg BT 370.03 250.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 381.70 250.10 Td (. ) Tj ET Q q 0 0 0 rg BT 386.46 250.10 Td (Adarkar ) Tj ET Q q 0 0 0 rg BT 422.12 250.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 446.13 250.10 Td (several ) Tj ET Q q 0 0 0 rg BT 477.35 250.10 Td (years ) Tj ET Q q 0 0 0 rg BT 501.35 250.10 Td (practicing ) Tj ET Q q 0 0 0 rg BT 544.23 250.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 238.10 Td (law ) Tj ET Q q 0 0 0 rg BT 81.44 238.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 101.05 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.77 238.10 Td (Howard ) Tj ET Q q 0 0 0 rg BT 146.38 238.10 Td (Rice ) Tj ET Q q 0 0 0 rg BT 167.09 238.10 Td (Nemerovski ) Tj ET Q q 0 0 0 rg BT 218.36 238.10 Td (Canady ) Tj ET Q q 0 0 0 rg BT 251.30 238.10 Td (Falk ) Tj ET Q q 0 0 0 rg BT 271.47 238.10 Td (& ) Tj ET Q q 0 0 0 rg BT 281.65 238.10 Td (Rabkin, ) Tj ET Q q 0 0 0 rg BT 315.42 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.60 238.10 Td (San ) Tj ET Q q 0 0 0 rg BT 342.99 238.10 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 384.26 238.10 Td (\(now ) Tj ET Q q 0 0 0 rg BT 407.20 238.10 Td (part ) Tj ET Q q 0 0 0 rg BT 425.14 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.34 238.10 Td (Arnold ) Tj ET Q q 0 0 0 rg BT 466.06 238.10 Td (& ) Tj ET Q q 0 0 0 rg BT 476.23 238.10 Td (Porter ) Tj ET Q q 0 0 0 rg BT 503.06 238.10 Td (LLP\), ) Tj ET Q q 0 0 0 rg BT 529.06 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 545.89 238.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (served ) Tj ET Q q 0 0 0 rg BT 78.75 226.10 Td (as ) Tj ET Q q 0 0 0 rg BT 89.54 226.10 Td (V) Tj ET Q q 0 0 0 rg BT 96.16 226.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 110.46 226.10 Td (President ) Tj ET Q q 0 0 0 rg BT 150.33 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.42 226.10 Td (General ) Tj ET Q q 0 0 0 rg BT 201.72 226.10 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 237.15 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.93 226.10 Td (V) Tj ET Q q 0 0 0 rg BT 254.05 226.10 Td (alley ) Tj ET Q q 0 0 0 rg BT 276.13 226.10 Td (Media, ) Tj ET Q q 0 0 0 rg BT 306.83 226.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 327.25 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.34 226.10 Td (music ) Tj ET Q q 0 0 0 rg BT 360.87 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.96 226.10 Td (video ) Tj ET Q q 0 0 0 rg BT 402.83 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323.55 214.10 Td (B.A., ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.31 214.10 Td (cum ) Tj ET Q q 0 0 0 rg BT 366.33 214.10 Td (laude) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.55 214.10 Td (, ) Tj ET Q q 0 0 0 rg BT 393.41 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 415.21 214.10 Td (Geor) Tj ET Q q 0 0 0 rg BT 435.02 214.10 Td (getown ) Tj ET Q q 0 0 0 rg BT 466.82 214.10 Td (University) Tj ET Q q 0 0 0 rg BT 508.39 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 513.25 214.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 524.92 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 529.26 214.10 Td (Adarkar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.11 202.10 Td (member ) Tj ET Q q 0 0 0 rg BT 101.37 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.20 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.92 202.10 Td (California ) Tj ET Q q 0 0 0 rg BT 169.96 202.10 Td (Bar) Tj ET Q q 0 0 0 rg BT 183.85 202.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 172.10 Td (Aar) Tj ET Q q 0 0 0 rg BT 100.63 172.10 Td (on ) Tj ET Q q 0 0 0 rg BT 112.70 172.10 Td (V) Tj ET Q q 0 0 0 rg BT 117.70 172.10 Td (ermut) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.03 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.11 172.10 Td (has ) Tj ET Q q 0 0 0 rg BT 158.51 172.10 Td (served ) Tj ET Q q 0 0 0 rg BT 186.69 172.10 Td (as ) Tj ET Q q 0 0 0 rg BT 197.09 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.61 172.10 Td (director ) Tj ET Q q 0 0 0 rg BT 236.78 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.18 172.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 267.04 172.10 Td (since ) Tj ET Q q 0 0 0 rg BT 289.66 172.10 Td (May ) Tj ET Q q 0 0 0 rg BT 310.07 172.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 334.64 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.72 172.10 Td (From ) Tj ET Q q 0 0 0 rg BT 360.46 172.10 Td (March ) Tj ET Q q 0 0 0 rg BT 388.64 172.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 410.71 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.57 172.10 Td (December ) Tj ET Q q 0 0 0 rg BT 463.72 172.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 488.30 172.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 499.97 172.10 Td (. ) Tj ET Q q 0 0 0 rg BT 504.40 172.10 Td (V) Tj ET Q q 0 0 0 rg BT 510.51 172.10 Td (ermut ) Tj ET Q q 0 0 0 rg BT 535.91 172.10 Td (served ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.89 160.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 86.92 160.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 111.69 160.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 154.23 160.10 Td (Of) Tj ET Q q 0 0 0 rg BT 164.60 160.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 182.51 160.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.57 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.57 160.10 Td (before ) Tj ET Q q 0 0 0 rg BT 232.66 160.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 252.71 160.10 Td (from ) Tj ET Q q 0 0 0 rg BT 274.14 160.10 Td (April ) Tj ET Q q 0 0 0 rg BT 297.81 160.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 320.36 160.10 Td (until ) Tj ET Q q 0 0 0 rg BT 341.25 160.10 Td (March ) Tj ET Q q 0 0 0 rg BT 369.91 160.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 394.96 160.10 Td (he ) Tj ET Q q 0 0 0 rg BT 406.96 160.10 Td (served ) Tj ET Q q 0 0 0 rg BT 435.61 160.10 Td (as ) Tj ET Q q 0 0 0 rg BT 446.50 160.10 Td (its ) Tj ET Q q 0 0 0 rg BT 458.50 160.10 Td (President. ) Tj ET Q q 0 0 0 rg BT 500.78 160.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 523.33 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.67 160.10 Td (joining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 72.39 148.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 84.06 148.10 Td (. ) Tj ET Q q 0 0 0 rg BT 88.52 148.10 Td (V) Tj ET Q q 0 0 0 rg BT 94.64 148.10 Td (ermut ) Tj ET Q q 0 0 0 rg BT 120.07 148.10 Td (served ) Tj ET Q q 0 0 0 rg BT 148.28 148.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.72 148.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 201.38 148.10 Td (Director) Tj ET Q q 0 0 0 rg BT 234.29 148.10 Td (, ) Tj ET Q q 0 0 0 rg BT 238.91 148.10 Td (co-Head ) Tj ET Q q 0 0 0 rg BT 274.88 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.32 148.10 Td (Prime ) Tj ET Q q 0 0 0 rg BT 311.32 148.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 349.81 148.10 Td (at ) Tj ET Q q 0 0 0 rg BT 358.98 148.10 Td (W) Tj ET Q q 0 0 0 rg BT 367.62 148.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 383.62 148.10 Td (Far) Tj ET Q q 0 0 0 rg BT 396.77 148.10 Td (go ) Tj ET Q q 0 0 0 rg BT 408.88 148.10 Td (Prime ) Tj ET Q q 0 0 0 rg BT 434.88 148.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 473.37 148.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 494.36 148.10 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 534.79 148.10 Td (Merlin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 94.58 136.10 Td (LLC\) ) Tj ET Q q 0 0 0 rg BT 119.44 136.10 Td (from ) Tj ET Q q 0 0 0 rg BT 140.94 136.10 Td (August ) Tj ET Q q 0 0 0 rg BT 172.48 136.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 195.12 136.10 Td (until ) Tj ET Q q 0 0 0 rg BT 215.52 136.10 Td (April ) Tj ET Q q 0 0 0 rg BT 239.27 136.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 264.42 136.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 276.09 136.10 Td (. ) Tj ET Q q 0 0 0 rg BT 281.04 136.10 Td (V) Tj ET Q q 0 0 0 rg BT 287.16 136.10 Td (ermut ) Tj ET Q q 0 0 0 rg BT 313.13 136.10 Td (was ) Tj ET Q q 0 0 0 rg BT 331.33 136.10 Td (one ) Tj ET Q q 0 0 0 rg BT 348.41 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.38 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.25 136.10 Td (founders ) Tj ET Q q 0 0 0 rg BT 411.88 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.86 136.10 Td (Merlin ) Tj ET Q q 0 0 0 rg BT 452.72 136.10 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 497.30 136.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 518.83 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.92 136.10 Td (served ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.79 124.10 Td (one ) Tj ET Q q 0 0 0 rg BT 77.69 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.47 124.10 Td (its ) Tj ET Q q 0 0 0 rg BT 100.38 124.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 143.39 124.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 178.61 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.51 124.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 232.95 124.10 Td (from ) Tj ET Q q 0 0 0 rg BT 254.85 124.10 Td (2004 ) Tj ET Q q 0 0 0 rg BT 277.31 124.10 Td (until ) Tj ET Q q 0 0 0 rg BT 298.10 124.10 Td (it ) Tj ET Q q 0 0 0 rg BT 306.12 124.10 Td (was ) Tj ET Q q 0 0 0 rg BT 324.13 124.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 361.01 124.10 Td (by ) Tj ET Q q 0 0 0 rg BT 373.29 124.10 Td (W) Tj ET Q q 0 0 0 rg BT 381.93 124.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 398.27 124.10 Td (Far) Tj ET Q q 0 0 0 rg BT 411.42 124.10 Td (go ) Tj ET Q q 0 0 0 rg BT 423.88 124.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 465.77 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.47 124.10 Td (August ) Tj ET Q q 0 0 0 rg BT 506.82 124.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 531.78 124.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 554.24 124.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 69.93 112.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 81.60 112.10 Td (. ) Tj ET Q q 0 0 0 rg BT 86.35 112.10 Td (V) Tj ET Q q 0 0 0 rg BT 92.46 112.10 Td (ermut ) Tj ET Q q 0 0 0 rg BT 118.22 112.10 Td (served ) Tj ET Q q 0 0 0 rg BT 146.75 112.10 Td (as ) Tj ET Q q 0 0 0 rg BT 157.51 112.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 196.04 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.80 112.10 Td (New ) Tj ET Q q 0 0 0 rg BT 228.12 112.10 Td (Enterprise ) Tj ET Q q 0 0 0 rg BT 271.10 112.10 Td (Associates ) Tj ET Q q 0 0 0 rg BT 316.30 112.10 Td (from ) Tj ET Q q 0 0 0 rg BT 338.17 112.10 Td (2000 ) Tj ET Q q 0 0 0 rg BT 360.60 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.81 112.10 Td (2003. ) Tj ET Q q 0 0 0 rg BT 395.74 112.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 418.17 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.38 112.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 448.31 112.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 459.98 112.10 Td (. ) Tj ET Q q 0 0 0 rg BT 464.73 112.10 Td (V) Tj ET Q q 0 0 0 rg BT 470.85 112.10 Td (ermut ) Tj ET Q q 0 0 0 rg BT 496.60 112.10 Td (served ) Tj ET Q q 0 0 0 rg BT 525.13 112.10 Td (as ) Tj ET Q q 0 0 0 rg BT 535.89 112.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (Consultant ) Tj ET Q q 0 0 0 rg BT 94.94 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.87 100.10 Td (Cambridge ) Tj ET Q q 0 0 0 rg BT 150.79 100.10 Td (T) Tj ET Q q 0 0 0 rg BT 156.21 100.10 Td (echnology ) Tj ET Q q 0 0 0 rg BT 199.46 100.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 233.84 100.10 Td (from ) Tj ET Q q 0 0 0 rg BT 254.88 100.10 Td (1995 ) Tj ET Q q 0 0 0 rg BT 276.48 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.87 100.10 Td (1998. ) Tj ET Q q 0 0 0 rg BT 309.97 100.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 321.64 100.10 Td (. ) Tj ET Q q 0 0 0 rg BT 325.63 100.10 Td (V) Tj ET Q q 0 0 0 rg BT 331.74 100.10 Td (ermut ) Tj ET Q q 0 0 0 rg BT 356.67 100.10 Td (has ) Tj ET Q q 0 0 0 rg BT 371.60 100.10 Td (an ) Tj ET Q q 0 0 0 rg BT 382.65 100.10 Td (M.B.A. ) Tj ET Q q 0 0 0 rg BT 414.53 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.92 100.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 457.18 100.10 Td (from ) Tj ET Q q 0 0 0 rg BT 478.10 100.10 Td (The ) Tj ET Q q 0 0 0 rg BT 495.14 100.10 Td (Wharton ) Tj ET Q q 0 0 0 rg BT 531.73 100.10 Td (School, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (University ) Tj ET Q q 0 0 0 rg BT 94.61 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.33 88.10 Td (Pennsylvania ) Tj ET Q q 0 0 0 rg BT 161.05 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.88 88.10 Td (a ) Tj ET Q q 0 0 0 rg BT 184.71 88.10 Td (B.A. ) Tj ET Q q 0 0 0 rg BT 206.00 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.17 88.10 Td (History ) Tj ET Q q 0 0 0 rg BT 248.56 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.39 88.10 Td (German ) Tj ET Q q 0 0 0 rg BT 299.99 88.10 Td (Literature ) Tj ET Q q 0 0 0 rg BT 341.80 88.10 Td (from ) Tj ET Q q 0 0 0 rg BT 363.46 88.10 Td (W) Tj ET Q q 0 0 0 rg BT 372.10 88.10 Td (ashington ) Tj ET Q q 0 0 0 rg BT 413.38 88.10 Td (University ) Tj ET Q q 0 0 0 rg BT 457.99 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.16 88.10 Td (St. ) Tj ET Q q 0 0 0 rg BT 481.39 88.10 Td (Louis. ) Tj ET Q q 0 0 0 rg BT 509.06 88.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 529.24 88.10 Td (believes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.30 76.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 78.97 76.10 Td (. ) Tj ET Q q 0 0 0 rg BT 83.60 76.10 Td (V) Tj ET Q q 0 0 0 rg BT 89.71 76.10 Td (ermut's ) Tj ET Q q 0 0 0 rg BT 121.03 76.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.32 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.06 76.10 Td (business ) Tj ET Q q 0 0 0 rg BT 211.25 76.10 Td (expertise, ) Tj ET Q q 0 0 0 rg BT 252.14 76.10 Td (including ) Tj ET Q q 0 0 0 rg BT 292.22 76.10 Td (his ) Tj ET Q q 0 0 0 rg BT 306.19 76.10 Td (background ) Tj ET Q q 0 0 0 rg BT 355.70 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.33 76.10 Td (founding, ) Tj ET Q q 0 0 0 rg BT 407.24 76.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 448.97 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.71 76.10 Td 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 652.10 Td (Rajeev ) Tj ET Q q 0 0 0 rg BT 115.20 652.10 Td (V) Tj ET Q q 0 0 0 rg BT 120.02 652.10 Td (. ) Tj ET Q q 0 0 0 rg BT 124.51 652.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.95 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.95 652.10 Td (has ) Tj ET Q q 0 0 0 rg BT 161.27 652.10 Td (served ) Tj ET Q q 0 0 0 rg BT 189.37 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 199.70 652.10 Td (one ) Tj ET Q q 0 0 0 rg BT 216.13 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.46 652.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 251.93 652.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 288.91 652.10 Td (since ) Tj ET Q q 0 0 0 rg BT 311.45 652.10 Td (July ) Tj ET Q q 0 0 0 rg BT 330.12 652.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 354.62 652.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 366.29 652.10 Td (.Date ) Tj ET Q q 0 0 0 rg BT 392.16 652.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 436.37 652.10 Td (served ) Tj ET Q q 0 0 0 rg BT 464.47 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 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q 0 0 0 rg BT 449.16 556.10 Td (at ) Tj ET Q q 0 0 0 rg BT 458.17 556.10 Td (Deutsche ) Tj ET Q q 0 0 0 rg BT 497.17 556.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 520.07 556.10 Td (Securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (where ) Tj ET Q q 0 0 0 rg BT 76.57 544.10 Td (his ) Tj ET Q q 0 0 0 rg BT 90.38 544.10 Td (key ) Tj ET Q q 0 0 0 rg BT 106.96 544.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 163.55 544.10 Td (was ) Tj ET Q q 0 0 0 rg BT 181.25 544.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 207.82 544.10 Td (as ) Tj ET Q q 0 0 0 rg BT 218.29 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.88 544.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 263.10 544.10 Td (of) Tj ET Q q 0 0 0 rg BT 271.25 544.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 291.71 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 305.51 544.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 343.20 544.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 374.76 544.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 398.01 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.59 544.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 449.50 544.10 Td (banks. ) Tj ET Q q 0 0 0 rg BT 477.47 544.10 Td (Before ) Tj ET Q q 0 0 0 rg BT 506.82 544.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 526.46 544.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 538.13 544.10 Td (.Date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (was ) Tj ET Q q 0 0 0 rg BT 68.39 532.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 97.13 532.10 Td (V) Tj ET Q q 0 0 0 rg BT 103.75 532.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 118.24 532.10 Td (President ) Tj ET Q q 0 0 0 rg BT 158.30 532.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.79 532.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 215.62 532.10 Td (Strategy ) Tj ET Q q 0 0 0 rg BT 251.78 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.05 532.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 325.76 532.10 Td (at ) Tj ET Q q 0 0 0 rg BT 335.82 532.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 367.53 532.10 Td (One ) Tj ET Q q 0 0 0 rg BT 387.03 532.10 Td (Financial, ) Tj ET Q q 0 0 0 rg BT 429.58 532.10 Td (where ) Tj ET Q q 0 0 0 rg BT 456.85 532.10 Td (he ) Tj ET Q q 0 0 0 rg BT 469.12 532.10 Td (led ) Tj ET Q q 0 0 0 rg BT 484.17 532.10 Td (M&A) Tj ET Q q 0 0 0 rg BT 507.51 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.35 532.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 520.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 78.63 520.10 Td (across ) Tj ET Q q 0 0 0 rg BT 106.32 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.25 520.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 141.74 520.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 176.66 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.81 520.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 232.06 520.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 264.19 520.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 301.05 520.10 Td (He ) Tj ET Q q 0 0 0 rg BT 315.42 520.10 Td (began ) Tj ET Q q 0 0 0 rg BT 342.00 520.10 Td (his ) Tj ET Q q 0 0 0 rg BT 356.38 520.10 Td (business ) Tj ET Q q 0 0 0 rg BT 392.98 520.10 Td (career ) Tj ET Q q 0 0 0 rg BT 420.10 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.59 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.51 520.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 483.20 520.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 530.36 520.10 Td (practice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.18 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.24 508.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 117.76 508.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 136.82 508.10 Td (McKinsey& ) Tj ET Q q 0 0 0 rg BT 190.61 508.10 Td (Company) Tj ET Q q 0 0 0 rg BT 228.85 508.10 Td (. ) Tj ET Q q 0 0 0 rg BT 233.19 508.10 Td (He ) Tj ET Q q 0 0 0 rg BT 246.70 508.10 Td (has ) Tj ET Q q 0 0 0 rg BT 261.88 508.10 Td (also ) Tj ET Q q 0 0 0 rg BT 279.84 508.10 Td (served ) Tj ET Q q 0 0 0 rg BT 307.78 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 317.96 508.10 Td (an ) Tj ET Q q 0 0 0 rg BT 329.25 508.10 Td (attorney) Tj ET Q q 0 0 0 rg BT 361.36 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 365.71 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.34 508.10 Td (both ) Tj ET Q q 0 0 0 rg BT 394.96 508.10 Td (private ) Tj ET Q q 0 0 0 rg BT 424.58 508.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 458.06 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.35 508.10 Td (government. ) Tj ET Q q 0 0 0 rg BT 526.46 508.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 538.13 508.10 Td (.Date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (received ) Tj ET Q q 0 0 0 rg BT 85.91 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.40 496.10 Td (J.D., ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 113.06 496.10 Td (magna ) Tj ET Q q 0 0 0 rg BT 142.33 496.10 Td (cum ) Tj ET Q q 0 0 0 rg BT 161.03 496.10 Td (laude) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.25 496.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.80 496.10 Td (from ) Tj ET Q q 0 0 0 rg BT 209.28 496.10 Td (Harvard ) Tj ET Q q 0 0 0 rg BT 244.09 496.10 Td (Law ) Tj ET Q q 0 0 0 rg BT 263.90 496.10 Td (School ) Tj ET Q q 0 0 0 rg BT 293.73 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.22 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.70 496.10 Td (B.S. ) Tj ET Q q 0 0 0 rg BT 335.98 496.10 Td (\(highest ) Tj ET Q q 0 0 0 rg BT 370.25 496.10 Td (honors\) ) Tj ET Q q 0 0 0 rg BT 402.84 496.10 Td (from ) Tj ET Q q 0 0 0 rg BT 424.33 496.10 Td (University ) Tj ET Q q 0 0 0 rg BT 468.59 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.97 496.10 Td (California, ) Tj ET Q q 0 0 0 rg BT 524.06 496.10 Td (Berkeley) Tj ET Q q 0 0 0 rg BT 559.51 496.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 69.50 484.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 103.97 484.10 Td (that ) Tj ET Q q 0 0 0 rg BT 120.68 484.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 132.35 484.10 Td (.Date's ) Tj ET Q q 0 0 0 rg BT 163.64 484.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 202.83 484.10 Td (business ) Tj ET Q q 0 0 0 rg BT 238.44 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.59 484.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 297.40 484.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 335.21 484.10 Td (give ) Tj ET Q q 0 0 0 rg BT 354.14 484.10 Td (him ) Tj ET Q q 0 0 0 rg BT 371.41 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.34 484.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 441.48 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.63 484.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 480.46 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.96 484.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 512.77 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.81 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.96 484.10 Td (director) Tj ET Q q 0 0 0 rg BT 559.51 484.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 472.10 Td (. ) Tj ET Q q 0 0 0 rg BT 66.67 472.10 Td (Date ) Tj ET Q q 0 0 0 rg BT 88.05 472.10 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 124.98 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 135.81 472.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.75 472.10 Td ("audit ) Tj ET Q q 0 0 0 rg BT 174.33 472.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 219.03 472.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.51 472.10 Td (expert" ) Tj ET Q q 0 0 0 rg BT 288.08 472.10 Td (under ) Tj ET Q q 0 0 0 rg BT 313.35 472.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 334.19 472.10 Td (guidelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 457.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td (Patrick ) Tj ET Q q 0 0 0 rg BT 117.93 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 125.34 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 130.34 442.10 Td (Grady) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.89 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.39 442.10 Td (has ) Tj ET Q q 0 0 0 rg BT 174.22 442.10 Td (served ) Tj ET Q q 0 0 0 rg BT 202.81 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 213.64 442.10 Td (one ) Tj ET Q q 0 0 0 rg BT 230.58 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.41 442.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 267.38 442.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 304.86 442.10 Td (since ) Tj ET Q q 0 0 0 rg BT 327.91 442.10 Td (January ) Tj ET Q q 0 0 0 rg BT 361.50 442.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 386.50 442.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 398.17 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 403.17 442.10 Td (Grady ) Tj ET Q q 0 0 0 rg BT 430.66 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 439.82 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.76 442.10 Td (Partner ) Tj ET Q q 0 0 0 rg BT 478.13 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.96 442.10 Td (Sequoia ) Tj ET Q q 0 0 0 rg BT 523.68 442.10 Td (Capital, ) Tj ET Q q 0 0 0 rg BT 557.56 442.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (private ) Tj ET Q q 0 0 0 rg BT 80.00 430.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.13 430.10 Td (partnership, ) Tj ET Q q 0 0 0 rg BT 175.85 430.10 Td (which ) Tj ET Q q 0 0 0 rg BT 202.53 430.10 Td (he ) Tj ET Q q 0 0 0 rg BT 214.21 430.10 Td (joined ) Tj ET Q q 0 0 0 rg BT 241.45 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.47 430.10 Td (2007. ) Tj ET Q q 0 0 0 rg BT 276.21 430.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 298.45 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.47 430.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 339.05 430.10 Td (Sequoia ) Tj ET Q q 0 0 0 rg BT 373.51 430.10 Td (Capital, ) Tj ET Q q 0 0 0 rg BT 407.13 430.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 418.80 430.10 Td (. ) Tj ET Q q 0 0 0 rg BT 423.54 430.10 Td (Grady ) Tj ET Q q 0 0 0 rg BT 450.77 430.10 Td (was ) Tj ET Q q 0 0 0 rg BT 468.56 430.10 Td (an ) Tj ET Q q 0 0 0 rg BT 479.75 430.10 Td (Associate ) Tj ET Q q 0 0 0 rg BT 520.87 430.10 Td (at ) Tj ET Q q 0 0 0 rg BT 530.33 430.10 Td (Summit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 84.53 418.10 Td (from ) Tj ET Q q 0 0 0 rg BT 105.73 418.10 Td (2004 ) Tj ET Q q 0 0 0 rg BT 127.48 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.02 418.10 Td (2007. ) Tj ET Q q 0 0 0 rg BT 161.28 418.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 172.95 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 177.21 418.10 Td (Grady ) Tj ET Q q 0 0 0 rg BT 203.96 418.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 227.39 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.59 418.10 Td (B.S. ) Tj ET Q q 0 0 0 rg BT 252.58 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.12 418.10 Td (Economics ) Tj ET Q q 0 0 0 rg BT 308.31 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.51 418.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 357.92 418.10 Td (from ) Tj ET Q q 0 0 0 rg BT 379.12 418.10 Td (Boston ) Tj ET Q q 0 0 0 rg BT 409.22 418.10 Td (College. ) Tj ET Q q 0 0 0 rg BT 444.58 418.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 464.12 418.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 498.65 418.10 Td (that ) Tj ET Q q 0 0 0 rg BT 515.40 418.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 527.07 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 531.33 418.10 Td (Grady's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 95.75 406.10 Td (as ) Tj ET Q q 0 0 0 rg BT 106.54 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.43 406.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 145.87 406.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 174.97 406.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 209.64 406.10 Td (with ) Tj ET Q q 0 0 0 rg BT 229.87 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.76 406.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 260.87 406.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.33 406.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 310.76 406.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 363.75 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.64 406.10 Td (his ) Tj ET Q q 0 0 0 rg BT 394.77 406.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 424.98 406.10 Td (management ) Tj ET Q q 0 0 0 rg BT 478.52 406.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 526.78 406.10 Td (give ) Tj ET Q q 0 0 0 rg BT 546.45 406.10 Td (him ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.65 394.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 119.52 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.39 394.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 157.94 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.16 394.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 189.69 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 199.46 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.33 394.10 Td (director) Tj ET Q q 0 0 0 rg BT 235.87 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 239.81 394.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 251.48 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 255.42 394.10 Td (Grady ) Tj ET Q q 0 0 0 rg BT 281.84 394.10 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 317.71 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 327.48 394.10 Td (an ) Tj ET Q q 0 0 0 rg BT 338.35 394.10 Td ("audit ) Tj ET Q q 0 0 0 rg BT 363.86 394.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 407.50 394.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 443.92 394.10 Td (expert" ) Tj ET Q q 0 0 0 rg BT 474.42 394.10 Td (under ) Tj ET Q q 0 0 0 rg BT 498.63 394.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 518.40 394.10 Td (guidelines.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 364.10 Td (David ) Tj ET Q q 0 0 0 rg BT 112.42 364.10 Td (R. ) Tj ET Q q 0 0 0 rg BT 123.00 364.10 Td (Golob) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.00 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 149.98 364.10 Td (has ) Tj ET Q q 0 0 0 rg BT 165.29 364.10 Td (served ) Tj ET Q q 0 0 0 rg BT 193.36 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 203.67 364.10 Td (one ) Tj ET Q q 0 0 0 rg BT 220.09 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.39 364.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 255.85 364.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 292.81 364.10 Td (since ) Tj ET Q q 0 0 0 rg BT 315.34 364.10 Td (May ) Tj ET Q q 0 0 0 rg BT 335.64 364.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 360.12 364.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 371.79 364.10 Td (. ) Tj ET Q q 0 0 0 rg BT 376.27 364.10 Td (Golob ) Tj ET Q q 0 0 0 rg BT 403.25 364.10 Td (has ) Tj ET Q q 0 0 0 rg BT 418.55 364.10 Td (been ) Tj ET Q q 0 0 0 rg BT 439.41 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.82 364.10 Td (Partner ) Tj ET Q q 0 0 0 rg BT 476.68 364.10 Td (at ) Tj ET Q q 0 0 0 rg BT 485.87 364.10 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 526.73 364.10 Td (Partners, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.03 352.10 Td (private ) Tj ET Q q 0 0 0 rg BT 87.39 352.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 114.98 352.10 Td (firm, ) Tj ET Q q 0 0 0 rg BT 137.29 352.10 Td (since ) Tj ET Q q 0 0 0 rg BT 160.42 352.10 Td (2001. ) Tj ET Q q 0 0 0 rg BT 185.52 352.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 197.19 352.10 Td (. ) Tj ET Q q 0 0 0 rg BT 202.28 352.10 Td (Golob ) Tj ET Q q 0 0 0 rg BT 229.87 352.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 268.56 352.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 296.14 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 308.74 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.54 352.10 Td (board ) Tj ET Q q 0 0 0 rg BT 348.91 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.83 352.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 397.41 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.33 352.10 Td (Barracuda ) Tj ET Q q 0 0 0 rg BT 452.01 352.10 Td (Networks. ) Tj ET Q q 0 0 0 rg BT 495.98 352.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 507.65 352.10 Td (. ) Tj ET Q q 0 0 0 rg BT 512.74 352.10 Td (Golob ) Tj ET Q q 0 0 0 rg BT 540.34 352.10 Td (holds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.56 340.10 Td (A.B. ) Tj ET Q q 0 0 0 rg BT 83.17 340.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 112.53 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.02 340.10 Td (chemistry ) Tj ET Q q 0 0 0 rg BT 165.17 340.10 Td (from ) Tj ET Q q 0 0 0 rg BT 187.33 340.10 Td (Harvard ) Tj ET Q q 0 0 0 rg BT 222.81 340.10 Td (College ) Tj ET Q q 0 0 0 rg BT 256.63 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.78 340.10 Td (an ) Tj ET Q q 0 0 0 rg BT 285.94 340.10 Td (M.B.A. ) Tj ET Q q 0 0 0 rg BT 318.94 340.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 348.30 340.10 Td (from ) Tj ET Q q 0 0 0 rg BT 370.46 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.39 340.10 Td (Stanford ) Tj ET Q q 0 0 0 rg BT 422.55 340.10 Td (Graduate ) Tj ET Q q 0 0 0 rg BT 461.91 340.10 Td (School ) Tj ET Q q 0 0 0 rg BT 492.41 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.45 340.10 Td (Business. ) Tj ET Q q 0 0 0 rg BT 544.23 340.10 Td (PMI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 86.35 328.10 Td (that ) Tj ET Q q 0 0 0 rg BT 104.92 328.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 116.59 328.10 Td (. ) Tj ET Q q 0 0 0 rg BT 122.68 328.10 Td (Golob's ) Tj ET Q q 0 0 0 rg BT 156.95 328.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 195.52 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.54 328.10 Td (business ) Tj ET Q q 0 0 0 rg BT 251.01 328.10 Td (expertise, ) Tj ET Q q 0 0 0 rg BT 293.19 328.10 Td (including ) Tj ET Q q 0 0 0 rg BT 334.55 328.10 Td (his ) Tj ET Q q 0 0 0 rg BT 349.80 328.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 396.68 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.04 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.84 328.10 Td (private ) Tj ET Q q 0 0 0 rg BT 455.19 328.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 483.77 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.79 328.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 535.36 328.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 91.07 316.10 Td (analyzing, ) Tj ET Q q 0 0 0 rg BT 134.63 316.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 173.48 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.45 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.07 316.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 231.70 316.10 Td (on ) Tj ET Q q 0 0 0 rg BT 243.88 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.29 316.10 Td (boards ) Tj ET Q q 0 0 0 rg BT 287.13 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.65 316.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 334.82 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.34 316.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 391.96 316.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 439.41 316.10 Td (give ) Tj ET Q q 0 0 0 rg BT 458.81 316.10 Td (him ) Tj ET Q q 0 0 0 rg BT 476.56 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.96 316.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 547.58 316.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 73.62 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.90 304.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 107.50 304.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.33 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.26 304.10 Td (director) Tj ET Q q 0 0 0 rg BT 155.81 304.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 274.10 Td (Nigel ) Tj ET Q q 0 0 0 rg BT 110.76 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 118.18 274.10 Td (. ) Tj ET Q q 0 0 0 rg BT 123.78 274.10 Td (Morris) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.56 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.66 274.10 Td (has ) Tj ET Q q 0 0 0 rg BT 171.09 274.10 Td (served ) Tj ET Q q 0 0 0 rg BT 200.29 274.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.72 274.10 Td (one ) Tj ET Q q 0 0 0 rg BT 229.25 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.68 274.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 267.26 274.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 305.35 274.10 Td (since ) Tj ET Q q 0 0 0 rg BT 328.99 274.10 Td (June ) Tj ET Q q 0 0 0 rg BT 350.42 274.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 376.02 274.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 387.69 274.10 Td (. ) Tj ET Q q 0 0 0 rg BT 393.29 274.10 Td (Morris ) Tj ET Q q 0 0 0 rg BT 423.61 274.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 468.93 274.10 Td (served ) Tj ET Q q 0 0 0 rg BT 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Td (he ) Tj ET Q q 0 0 0 rg BT 443.67 250.10 Td (served ) Tj ET Q q 0 0 0 rg BT 472.28 250.10 Td (as ) Tj ET Q q 0 0 0 rg BT 483.12 250.10 Td (President ) Tj ET Q q 0 0 0 rg BT 522.84 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.79 250.10 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 93.06 238.10 Td (Of) Tj ET Q q 0 0 0 rg BT 103.43 238.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 124.81 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.10 238.10 Td (V) Tj ET Q q 0 0 0 rg BT 148.72 238.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 163.45 238.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 205.95 238.10 Td (from ) Tj ET Q q 0 0 0 rg BT 228.46 238.10 Td (1994 ) Tj ET Q q 0 0 0 rg BT 251.54 238.10 Td (until ) Tj ET Q q 0 0 0 rg BT 272.94 238.10 Td (his ) Tj ET Q q 0 0 0 rg BT 287.68 238.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 331.84 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.69 238.10 Td (2004. ) Tj ET Q q 0 0 0 rg BT 368.26 238.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 79.17 160.10 Td (Composition ) Tj ET Q q 0 0 0 rg BT 136.12 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.75 160.10 Td (Election ) Tj ET Q q 0 0 0 rg BT 192.24 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.07 160.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 217.33 160.10 Td (ectors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 130.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 130.10 Td ( description of PMI's Board Composition and Election of Directors is provided in Item 10, Part III of our ) Tj ET Q q 0 0 0 rg BT 513.85 130.10 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (Report on Form 10-K for the fiscal year ended December 31, 2016, which is incorporated by reference into this prospectus.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 268.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 107.99 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 121.09 268.10 Td (January ) Tj ET Q q 0 0 0 rg BT 155.28 268.10 Td (22, ) Tj ET Q q 0 0 0 rg BT 170.88 268.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 196.48 268.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 213.34 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.43 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.97 268.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 254.85 268.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 287.37 268.10 Td (into ) Tj ET Q q 0 0 0 rg BT 306.02 268.10 Td (an ) Tj ET Q q 0 0 0 rg BT 317.88 268.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 342.97 268.10 Td (T) Tj ET Q q 0 0 0 rg BT 348.73 268.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 378.90 268.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 426.42 268.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 445.07 268.10 Td ("Asset ) Tj ET Q q 0 0 0 rg BT 474.24 268.10 Td (T) Tj ET Q q 0 0 0 rg BT 480.00 268.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 510.17 268.10 Td (Agreement"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 86.83 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.01 256.10 Td (which ) Tj ET Q q 0 0 0 rg BT 123.84 256.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 146.52 256.10 Td (ef) Tj ET Q q 0 0 0 rg BT 154.11 256.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 183.71 256.10 Td (February ) Tj ET Q q 0 0 0 rg BT 222.21 256.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 232.10 256.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 254.50 256.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 266.33 256.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 312.04 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.65 256.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 377.90 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.74 256.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 447.69 256.10 Td (all ) Tj ET Q q 0 0 0 rg BT 460.08 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.80 256.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 496.68 256.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 522.40 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.24 256.10 Td (rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.65 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.89 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.56 244.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 144.77 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.55 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.22 244.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 221.53 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.76 244.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 253.95 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.84 244.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 285.51 244.10 Td (made ) Tj ET Q q 0 0 0 rg BT 309.62 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.51 244.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 345.61 244.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 396.95 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.18 244.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 424.04 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.49 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.72 244.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 465.27 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.05 244.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 488.51 244.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 522.35 244.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 549.79 244.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 74.07 232.10 Td (T) Tj ET Q q 0 0 0 rg BT 79.82 232.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 109.13 232.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 158.05 232.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 177.82 232.10 Td (also ) Tj ET Q q 0 0 0 rg BT 195.92 232.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 241.21 232.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 293.76 232.10 Td (all ) Tj ET Q q 0 0 0 rg BT 305.74 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.06 232.10 Td (its ) Tj ET Q q 0 0 0 rg BT 327.50 232.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 370.03 232.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 395.35 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.12 232.10 Td (PFL, ) Tj ET Q q 0 0 0 rg BT 426.84 232.10 Td (including ) Tj ET Q q 0 0 0 rg BT 466.60 232.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 478.03 232.10 Td (all ) Tj ET Q q 0 0 0 rg BT 490.02 232.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 538.67 232.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 77.56 220.10 Td (by ) Tj ET Q q 0 0 0 rg BT 90.12 220.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 110.46 220.10 Td (under ) Tj ET Q q 0 0 0 rg BT 135.79 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.57 220.10 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 191.44 220.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 215.66 220.10 Td (June ) Tj ET Q q 0 0 0 rg BT 236.55 220.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 251.61 220.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 274.17 220.10 Td (between ) Tj ET Q q 0 0 0 rg BT 310.05 220.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 330.39 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.20 220.10 Td (W) Tj ET Q q 0 0 0 rg BT 355.84 220.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 372.29 220.10 Td (Far) Tj ET Q q 0 0 0 rg BT 385.44 220.10 Td (go ) Tj ET Q q 0 0 0 rg BT 398.00 220.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 424.16 220.10 Td (as ) Tj ET Q q 0 0 0 rg BT 435.05 220.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 464.27 220.10 Td (\("the ) Tj ET Q q 0 0 0 rg BT 486.46 220.10 Td (Indenture"\), ) Tj ET Q q 0 0 0 rg BT 537.25 220.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 552.02 220.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.48 208.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 117.08 208.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 176.46 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.40 208.10 Td (such ) Tj ET Q q 0 0 0 rg BT 206.89 208.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 234.88 208.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 252.04 208.10 Td (all ) Tj ET Q q 0 0 0 rg BT 264.20 208.10 Td (lender/borrower/group ) Tj ET Q q 0 0 0 rg BT 356.88 208.10 Td (leader ) Tj ET Q q 0 0 0 rg BT 383.47 208.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 431.18 208.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 478.87 208.10 Td (related ) Tj ET Q q 0 0 0 rg BT 508.24 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.18 208.10 Td (such ) Tj ET Q q 0 0 0 rg BT 538.67 208.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.86 196.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 107.59 196.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 136.95 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.80 196.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 170.66 196.10 Td (all ) Tj ET Q q 0 0 0 rg BT 183.07 196.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 228.81 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.67 196.10 Td (information ) Tj ET Q q 0 0 0 rg BT 295.30 196.10 Td (related ) Tj ET Q q 0 0 0 rg BT 324.92 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.11 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.75 196.10 Td (foregoing. ) Tj ET Q q 0 0 0 rg BT 393.54 196.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 425.39 196.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 465.00 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.86 196.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 529.81 196.10 Td (relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.81 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.07 184.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 133.25 184.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 186.82 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.29 184.10 Td (use ) Tj ET Q q 0 0 0 rg BT 220.66 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.02 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.28 184.10 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 301.67 184.10 Td (including ) Tj ET Q q 0 0 0 rg BT 342.48 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.29 184.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 386.87 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.69 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.94 184.10 Td (origination, ) Tj ET Q q 0 0 0 rg BT 462.36 184.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 496.50 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.98 184.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 553.67 184.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 90.25 172.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 119.12 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.49 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.64 172.10 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 187.95 172.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 220.99 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.36 172.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 273.72 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.98 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.13 172.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 325.89 172.10 Td (were ) Tj ET Q q 0 0 0 rg BT 347.25 172.10 Td (not ) Tj ET Q q 0 0 0 rg BT 361.96 172.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 407.20 172.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.46 172.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 453.83 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.54 172.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 480.40 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.33 172.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.26 172.10 Td (PMI. ) Tj ET Q q 0 0 0 rg BT 516.47 172.10 Td (In ) Tj ET Q q 0 0 0 rg BT 526.74 172.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 69.85 160.10 Td (did ) Tj ET Q q 0 0 0 rg BT 84.69 160.10 Td (not ) Tj ET Q q 0 0 0 rg BT 99.53 160.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 132.13 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.98 160.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 158.84 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.90 160.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 172.41 160.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 220.00 160.10 Td (with ) Tj ET Q q 0 0 0 rg BT 239.84 160.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 265.39 160.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 304.94 160.10 Td (of) Tj ET Q q 0 0 0 rg BT 313.08 160.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 337.36 160.10 Td (or ) Tj ET Q q 0 0 0 rg BT 347.75 160.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 392.58 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.08 160.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 434.62 160.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 474.17 160.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 495.67 160.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.06 160.10 Td (other ) Tj ET Q q 0 0 0 rg BT 528.67 160.10 Td (advisors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.56 148.10 Td (consultants, ) Tj ET Q q 0 0 0 rg BT 112.28 148.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 127.72 148.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 158.14 148.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 206.90 148.10 Td (with ) Tj ET Q q 0 0 0 rg BT 227.91 148.10 Td (vendors ) Tj ET Q q 0 0 0 rg BT 262.79 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.79 148.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 307.57 148.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 328.57 148.10 Td (with ) Tj ET Q q 0 0 0 rg BT 349.58 148.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 376.69 148.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.25 148.10 Td (services ) Tj ET Q q 0 0 0 rg BT 423.68 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.69 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.13 148.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 487.23 148.10 Td (course ) Tj ET Q q 0 0 0 rg BT 516.55 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.11 148.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 92.42 136.10 Td (software ) Tj ET Q q 0 0 0 rg BT 128.16 136.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 162.23 136.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 197.98 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.08 136.10 Td (any ) Tj ET Q q 0 0 0 rg BT 222.83 136.10 Td ("shrink ) Tj ET Q q 0 0 0 rg BT 253.22 136.10 Td (wrap" ) Tj ET Q q 0 0 0 rg BT 278.61 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 288.25 136.10 Td ("click ) Tj ET Q q 0 0 0 rg BT 313.08 136.10 Td (wrap" ) Tj ET Q q 0 0 0 rg BT 338.46 136.10 Td (license\), ) Tj ET Q q 0 0 0 rg BT 373.37 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.12 136.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 405.43 136.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 433.94 136.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 453.02 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.77 136.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 511.74 136.10 Td (investments.) Tj ET Q endstream endobj 219 0 obj <> endobj 220 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.83 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.00 742.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 135.54 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 141.29 742.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 171.00 742.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 220.42 742.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 240.71 742.10 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 272.35 742.10 Td (among ) Tj ET Q q 0 0 0 rg BT 302.07 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 325.12 742.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 354.56 742.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 77.00 712.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 97.62 712.10 Td (any ) Tj ET Q q 0 0 0 rg BT 114.35 712.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 159.95 712.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 202.80 712.10 Td (with ) Tj ET Q q 0 0 0 rg BT 222.87 712.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 253.47 712.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.55 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.05 712.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 323.65 712.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 351.78 712.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.51 712.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 411.90 712.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 428.76 712.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.06 712.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.01 712.10 Td (any ) Tj ET Q q 0 0 0 rg BT 461.74 712.10 Td (other ) Tj ET Q q 0 0 0 rg BT 484.58 712.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 510.76 712.10 Td (that ) Tj ET Q q 0 0 0 rg BT 528.05 712.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 549.22 712.10 Td (out ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.82 700.10 Td (any ) Tj ET Q q 0 0 0 rg BT 104.76 700.10 Td (lender/borrower/group ) Tj ET Q q 0 0 0 rg BT 197.77 700.10 Td (leader ) Tj ET Q q 0 0 0 rg BT 224.69 700.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 272.73 700.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 316.86 700.10 Td (related ) Tj ET Q q 0 0 0 rg BT 346.56 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.83 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.54 700.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 417.34 700.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 443.17 700.10 Td (or ) Tj ET Q q 0 0 0 rg BT 453.99 700.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 494.80 700.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 524.24 700.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 688.10 Td (as ) Tj ET Q q 0 0 0 rg BT 87.83 688.10 Td (a ) Tj ET Q q 0 0 0 rg BT 94.77 688.10 Td (result ) Tj ET Q q 0 0 0 rg BT 119.49 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.32 688.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.25 688.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 166.40 688.10 Td (by ) Tj ET Q q 0 0 0 rg BT 178.90 688.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 199.18 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.01 688.10 Td (any ) Tj ET Q q 0 0 0 rg BT 226.95 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.78 688.10 Td (its ) Tj ET Q q 0 0 0 rg BT 249.73 688.10 Td (representations ) Tj ET Q q 0 0 0 rg BT 312.76 688.10 Td (or ) Tj ET Q q 0 0 0 rg BT 323.59 688.10 Td (warranties ) Tj ET Q q 0 0 0 rg BT 367.74 688.10 Td (made ) Tj ET Q q 0 0 0 rg BT 391.89 688.10 Td (therein;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 77.00 673.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 99.79 673.10 Td (any ) Tj ET Q q 0 0 0 rg BT 118.68 673.10 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 164.79 673.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 190.91 673.10 Td (or ) Tj ET Q q 0 0 0 rg BT 203.70 673.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 265.37 673.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 285.92 673.10 Td (or ) Tj ET Q q 0 0 0 rg BT 298.71 673.10 Td (arbitrator ) Tj ET Q q 0 0 0 rg BT 340.37 673.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 360.93 673.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 396.48 673.10 Td (under ) Tj ET Q q 0 0 0 rg BT 423.70 673.10 Td (any ) Tj ET Q q 0 0 0 rg BT 442.60 673.10 Td (lender/borrower/group ) Tj ET Q q 0 0 0 rg BT 537.58 673.10 Td (leader ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 661.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 125.04 661.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 169.18 661.10 Td (related ) Tj ET Q q 0 0 0 rg BT 198.88 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.16 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.88 661.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 269.69 661.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 295.52 661.10 Td (or ) Tj ET Q q 0 0 0 rg BT 306.35 661.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 347.17 661.10 Td (Loans; ) Tj ET Q q 0 0 0 rg BT 376.88 661.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 77.00 646.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 97.59 646.10 Td (any ) Tj ET Q q 0 0 0 rg BT 114.29 646.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 179.87 646.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 226.58 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 243.84 646.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 264.98 646.10 Td (under ) Tj ET Q q 0 0 0 rg BT 290.01 646.10 Td (any ) Tj ET Q q 0 0 0 rg BT 306.71 646.10 Td (group ) Tj ET Q q 0 0 0 rg BT 332.31 646.10 Td (leader ) Tj ET Q q 0 0 0 rg BT 358.99 646.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 406.80 646.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 450.70 646.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 482.39 646.10 Td (into ) Tj ET Q q 0 0 0 rg BT 500.21 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 512.47 646.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 532.52 646.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.22 646.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 91.72 634.10 Td (date ) Tj ET Q q 0 0 0 rg BT 110.87 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.70 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.42 634.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 158.36 634.10 Td (transfer) Tj ET Q q 0 0 0 rg BT 188.34 634.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 119.76 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.19 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.51 604.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 189.92 604.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 215.35 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.66 604.10 Td (third ) Tj ET Q q 0 0 0 rg BT 250.65 604.10 Td (party ) Tj ET Q q 0 0 0 rg BT 273.30 604.10 Td (beneficiaries ) Tj ET Q q 0 0 0 rg BT 326.48 604.10 Td (under ) Tj ET Q q 0 0 0 rg BT 351.35 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.21 604.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 389.38 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 395.14 604.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 424.53 604.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 471.06 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.60 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 604.10 Td (Administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 113.77 562.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 146.54 562.10 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 161.82 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.92 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.92 562.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 231.51 562.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 252.07 562.10 Td (could ) Tj ET Q q 0 0 0 rg BT 277.07 562.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 310.38 562.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 363.71 562.10 Td (all ) Tj ET Q q 0 0 0 rg BT 376.48 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.59 562.10 Td (its ) Tj ET Q q 0 0 0 rg BT 399.82 562.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.92 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.48 562.10 Td (any ) Tj ET Q q 0 0 0 rg BT 453.69 562.10 Td (person ) Tj ET Q q 0 0 0 rg BT 483.13 562.10 Td (without ) Tj ET Q q 0 0 0 rg BT 516.47 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.46 562.10 Td (consent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.96 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.82 550.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 107.89 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.85 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.70 550.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 168.00 550.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 196.47 550.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 234.65 550.10 Td (that ) Tj ET Q q 0 0 0 rg BT 252.28 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.13 550.10 Td (transferee ) Tj ET Q q 0 0 0 rg BT 309.18 550.10 Td (expressly ) Tj ET Q q 0 0 0 rg BT 349.58 550.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 386.65 550.10 Td (all ) Tj ET Q q 0 0 0 rg BT 399.28 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.25 550.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 436.36 550.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 483.44 550.10 Td (under ) Tj ET Q q 0 0 0 rg BT 508.84 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 550.10 Td (Indenture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.29 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.35 538.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 116.87 538.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 145.55 538.10 Td (In ) Tj ET Q q 0 0 0 rg BT 156.73 538.10 Td (that ) Tj ET Q q 0 0 0 rg BT 174.57 538.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 197.13 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.19 538.10 Td (transferee ) Tj ET Q q 0 0 0 rg BT 254.46 538.10 Td (would ) Tj ET Q q 0 0 0 rg BT 282.30 538.10 Td (succeed ) Tj ET Q q 0 0 0 rg BT 316.80 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.43 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.71 538.10 Td (be ) Tj ET Q q 0 0 0 rg BT 357.00 538.10 Td (substituted ) Tj ET Q q 0 0 0 rg BT 403.19 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.70 538.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 440.83 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.12 538.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 478.75 538.10 Td (would ) Tj ET Q q 0 0 0 rg BT 506.60 538.10 Td (be ) Tj ET Q q 0 0 0 rg BT 518.88 538.10 Td (dischar) Tj ET Q q 0 0 0 rg BT 547.58 538.10 Td (ged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.51 526.10 Td (all ) Tj ET Q q 0 0 0 rg BT 83.57 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.97 526.10 Td (its ) Tj ET Q q 0 0 0 rg BT 105.48 526.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 151.99 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.50 526.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 213.05 526.10 Td (under ) Tj ET Q q 0 0 0 rg BT 237.89 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.18 526.10 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 292.56 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.06 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.35 526.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 357.08 526.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 384.52 526.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 433.86 526.10 Td (, ) Tj ET Q q 0 0 0 rg BT 438.43 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 450.50 526.10 Td (January ) Tj ET Q q 0 0 0 rg BT 483.66 526.10 Td (22, ) Tj ET Q q 0 0 0 rg BT 498.23 526.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 522.80 526.10 Td (PMI, ) Tj ET Q q 0 0 0 rg BT 545.15 526.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.01 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.46 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 75.10 514.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 91.16 514.10 Td (Far) Tj ET Q q 0 0 0 rg BT 104.31 514.10 Td (go ) Tj ET Q q 0 0 0 rg BT 116.49 514.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 142.28 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.79 514.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 181.62 514.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 213.23 514.10 Td (an ) Tj ET Q q 0 0 0 rg BT 224.36 514.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 265.42 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.04 514.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 318.65 514.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 361.64 514.10 Td (ef) Tj ET Q q 0 0 0 rg BT 369.23 514.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 398.61 514.10 Td (February ) Tj ET Q q 0 0 0 rg BT 436.89 514.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 446.57 514.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 471.25 514.10 Td (which ) Tj ET Q q 0 0 0 rg BT 497.87 514.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 509.49 514.10 Td (ef) Tj ET Q q 0 0 0 rg BT 517.07 514.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 543.68 514.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (assumption, ) Tj ET Q q 0 0 0 rg BT 100.66 502.10 Td (substitution ) Tj ET Q q 0 0 0 rg BT 149.93 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.97 502.10 Td (dischar) Tj ET Q q 0 0 0 rg BT 195.66 502.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 207.70 502.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 225.85 502.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 251.39 502.10 Td (Assumption"\), ) Tj ET Q q 0 0 0 rg BT 312.24 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.28 502.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 344.10 502.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 382.79 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.83 502.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 433.52 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.34 502.10 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 489.25 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.63 502.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 527.76 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.58 502.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 101.07 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.24 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.75 490.10 Td (make ) Tj ET Q q 0 0 0 rg BT 153.13 490.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 183.06 490.10 Td (other ) Tj ET Q q 0 0 0 rg BT 206.34 490.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 259.61 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.12 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.06 490.10 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 326.11 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 337.17 490.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 378.22 490.10 Td (therein. ) Tj ET Q q 0 0 0 rg BT 411.21 490.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 455.06 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.00 490.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 491.57 490.10 Td (Assumption, ) Tj ET Q q 0 0 0 rg BT 545.14 490.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.00 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (became ) Tj ET Q q 0 0 0 rg BT 83.41 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.50 478.10 Td (obligor ) Tj ET Q q 0 0 0 rg BT 130.26 478.10 Td (with ) Tj ET Q q 0 0 0 rg BT 150.92 478.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 182.11 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.76 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.86 478.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 254.04 478.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 280.24 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.56 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.02 478.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 353.77 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.08 478.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 408.39 478.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 452.08 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.40 478.10 Td (PMI ) Tj ET Q q 0 0 0 rg BT 490.06 478.10 Td (no ) Tj ET Q q 0 0 0 rg BT 502.93 478.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 531.36 478.10 Td (has ) Tj ET Q q 0 0 0 rg BT 547.56 478.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.94 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 117.22 466.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 148.04 466.10 Td (thereto.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 101.39 436.10 Td (with ) Tj ET Q q 0 0 0 rg BT 121.67 436.10 Td (P) Tj ET Q q 0 0 0 rg BT 127.04 436.10 Td (AH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 406.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.31 406.10 Td (November ) Tj ET Q q 0 0 0 rg BT 144.61 406.10 Td (22, ) Tj ET Q q 0 0 0 rg BT 159.20 406.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 183.78 406.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 200.64 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.73 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.26 406.10 Td (P) Tj ET Q q 0 0 0 rg BT 223.90 406.10 Td (AH ) Tj ET Q q 0 0 0 rg BT 240.44 406.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 271.95 406.10 Td (into ) Tj ET Q q 0 0 0 rg BT 289.59 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.12 406.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 318.76 406.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 337.60 406.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 386.61 406.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 423.14 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.01 406.10 Td (which ) Tj ET Q q 0 0 0 rg BT 459.54 406.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 476.40 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.49 406.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 507.22 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.09 406.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 533.06 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 542.93 406.10 Td (P) Tj ET Q q 0 0 0 rg BT 547.57 406.10 Td (AH ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.45 394.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 122.23 394.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 163.35 394.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 189.05 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 206.84 394.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 231.30 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.88 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.34 394.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 279.13 394.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 298.10 394.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 344.77 394.10 Td (were ) Tj ET Q q 0 0 0 rg BT 366.45 394.10 Td (made ) Tj ET Q q 0 0 0 rg BT 390.35 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.59 394.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 427.06 394.10 Td (no ) Tj ET Q q 0 0 0 rg BT 439.30 394.10 Td (less ) Tj ET Q q 0 0 0 rg BT 456.55 394.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 496.55 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.57 394.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 523.43 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.68 394.10 Td (than ) Tj ET Q q 0 0 0 rg BT 545.14 394.10 Td (PFL) Tj ET Q q 0 0 0 rg BT 562.00 394.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (has ) Tj ET Q q 0 0 0 rg BT 65.83 382.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 102.76 382.10 Td (from ) Tj ET Q q 0 0 0 rg BT 124.70 382.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 142.29 382.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 173.11 382.10 Td (third ) Tj ET Q q 0 0 0 rg BT 194.50 382.10 Td (parties.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (Participation ) Tj ET Q q 0 0 0 rg BT 106.39 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 119.45 352.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.41 352.10 Td (Marketplace) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 111.53 322.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 152.46 322.10 Td (of) Tj ET Q q 0 0 0 rg BT 160.60 322.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 185.42 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.47 322.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 240.06 322.10 Td (have ) Tj ET Q q 0 0 0 rg BT 261.55 322.10 Td (opened ) Tj ET Q q 0 0 0 rg BT 293.04 322.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 327.87 322.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 365.46 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.51 322.10 Td (have ) Tj ET Q q 0 0 0 rg BT 404.00 322.10 Td (made ) Tj ET Q q 0 0 0 rg BT 428.26 322.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 463.65 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.04 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.09 322.10 Td (withdrawals ) Tj ET Q q 0 0 0 rg BT 542.57 322.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (their ) Tj ET Q q 0 0 0 rg BT 70.50 310.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 110.16 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.77 310.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 156.71 310.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 191.66 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.16 310.10 Td (borrowers' ) Tj ET Q q 0 0 0 rg BT 246.68 310.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 266.07 310.10 Td (requests ) Tj ET Q q 0 0 0 rg BT 301.01 310.10 Td (from ) Tj ET Q q 0 0 0 rg BT 322.62 310.10 Td (time ) Tj ET Q q 0 0 0 rg BT 342.57 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.52 310.10 Td (time ) Tj ET Q q 0 0 0 rg BT 372.47 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.42 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.81 310.10 Td (past ) Tj ET Q q 0 0 0 rg BT 415.09 310.10 Td (via ) Tj ET Q q 0 0 0 rg BT 429.48 310.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 471.08 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.58 310.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 507.08 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.70 310.10 Td (Borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 79.77 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.05 298.10 Td (may ) Tj ET Q q 0 0 0 rg BT 117.10 298.10 Td (do ) Tj ET Q q 0 0 0 rg BT 129.93 298.10 Td (so ) Tj ET Q q 0 0 0 rg BT 141.66 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.27 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.32 298.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 196.33 298.10 Td (The ) Tj ET Q q 0 0 0 rg BT 214.71 298.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 240.87 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.15 298.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 299.30 298.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 326.57 298.10 Td (were ) Tj ET Q q 0 0 0 rg BT 348.84 298.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 386.11 298.10 Td (on ) Tj ET Q q 0 0 0 rg BT 398.94 298.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 423.99 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.26 298.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 485.76 298.10 Td (that ) Tj ET Q q 0 0 0 rg BT 503.59 298.10 Td (were ) Tj ET Q q 0 0 0 rg BT 525.86 298.10 Td (not ) Tj ET Q q 0 0 0 rg BT 541.47 298.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 90.25 286.10 Td (than ) Tj ET Q q 0 0 0 rg BT 109.97 286.10 Td (those ) Tj ET Q q 0 0 0 rg BT 133.58 286.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 170.51 286.10 Td (by ) Tj ET Q q 0 0 0 rg BT 183.01 286.10 Td (other ) Tj ET Q q 0 0 0 rg BT 206.06 286.10 Td (investors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 120.29 256.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 136.77 256.10 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 226.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 112.93 226.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 137.80 226.10 Td (or) Tj ET Q q 0 0 0 rg BT 145.95 226.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 196.76 226.10 Td (documents, ) Tj ET Q q 0 0 0 rg BT 244.53 226.10 Td (it ) Tj ET Q q 0 0 0 rg BT 252.03 226.10 Td (is ) Tj ET Q q 0 0 0 rg BT 260.64 226.10 Td (required ) Tj ET Q q 0 0 0 rg BT 295.90 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.62 226.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 348.66 226.10 Td (its ) Tj ET Q q 0 0 0 rg BT 360.05 226.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 396.98 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.36 226.10 Td (of) Tj ET Q q 0 0 0 rg BT 421.51 226.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 445.66 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.38 226.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 484.53 226.10 Td (instances. ) Tj ET Q q 0 0 0 rg BT 525.62 226.10 Td (For ) Tj ET Q q 0 0 0 rg BT 541.46 226.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 104.00 214.10 Td (see ) Tj ET Q q 0 0 0 rg BT 121.05 214.10 Td ("Management-Prosper ) Tj ET Q q 0 0 0 rg BT 215.50 214.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 253.12 214.10 Td (LLC-Limitations ) Tj ET Q q 0 0 0 rg BT 325.73 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.01 214.10 Td (Of) Tj ET Q q 0 0 0 rg BT 350.38 214.10 Td (ficers' ) Tj ET Q q 0 0 0 rg BT 378.67 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.40 214.10 Td (Directors' ) Tj ET Q q 0 0 0 rg BT 440.69 214.10 Td (Liability ) Tj ET Q q 0 0 0 rg BT 479.41 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.13 214.10 Td (Indemnification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Agreements.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (PROSPER ) Tj ET Q q 0 0 0 rg BT 99.17 172.10 Td (MARKETPLACE, ) Tj ET Q q 0 0 0 rg BT 183.06 172.10 Td (INC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 142.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.54 142.10 Td (description ) Tj ET Q q 0 0 0 rg BT 142.85 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.05 142.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 180.39 142.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 231.03 142.10 Td (with ) Tj ET Q q 0 0 0 rg BT 251.68 142.10 Td (related ) Tj ET Q q 0 0 0 rg BT 281.75 142.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 311.28 142.10 Td (is ) Tj ET Q q 0 0 0 rg BT 320.82 142.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 359.24 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.89 142.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 391.08 142.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 406.45 142.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 425.43 142.10 Td (III ) Tj ET Q q 0 0 0 rg BT 438.29 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.50 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 465.06 142.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 497.37 142.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 527.46 142.10 Td (on ) Tj ET Q q 0 0 0 rg BT 540.33 142.10 Td (Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 73.05 130.10 Td (for ) Tj ET Q q 0 0 0 rg BT 87.21 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.93 130.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 126.08 130.10 Td (year ) Tj ET Q q 0 0 0 rg BT 145.79 130.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 172.17 130.10 Td (December ) Tj ET Q q 0 0 0 rg BT 215.75 130.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 230.75 130.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 255.75 130.10 Td (which ) Tj ET Q q 0 0 0 rg BT 282.69 130.10 Td (is ) Tj ET Q q 0 0 0 rg BT 291.86 130.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 344.89 130.10 Td (by ) Tj ET Q q 0 0 0 rg BT 357.39 130.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 397.08 130.10 Td (into ) Tj ET Q q 0 0 0 rg BT 415.13 130.10 Td (this ) Tj ET Q q 0 0 0 rg BT 432.08 130.10 Td (prospectus.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.25 103.10 Td (PRINCIP) Tj ET Q q 0 0 0 rg BT 267.17 103.10 Td (AL) Tj ET Q q 0 0 0 rg BT 280.51 103.10 Td ( SECURITY) Tj ET Q q 0 0 0 rg BT 334.32 103.10 Td ( HOLDERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 73.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 73.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.70 73.10 Td (description ) Tj ET Q q 0 0 0 rg BT 141.16 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.52 73.10 Td (PFL's ) Tj ET Q q 0 0 0 rg BT 176.48 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.95 73.10 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 218.46 73.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 256.03 73.10 Td (security ) Tj ET Q q 0 0 0 rg BT 289.71 73.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 321.18 73.10 Td (is ) Tj ET Q q 0 0 0 rg BT 329.88 73.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 367.46 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.27 73.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 397.62 73.10 Td (12, ) Tj ET Q q 0 0 0 rg BT 412.15 73.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 430.29 73.10 Td (III ) Tj ET Q q 0 0 0 rg BT 442.31 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.67 73.10 Td (our ) Tj ET Q q 0 0 0 rg BT 467.58 73.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 499.05 73.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 528.30 73.10 Td (on ) Tj ET Q q 0 0 0 rg BT 540.33 73.10 Td (Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 73.05 61.10 Td (for ) Tj ET Q q 0 0 0 rg BT 87.21 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.93 61.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 126.08 61.10 Td (year ) Tj ET Q q 0 0 0 rg BT 145.79 61.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 172.17 61.10 Td (December ) Tj ET Q q 0 0 0 rg BT 215.75 61.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 230.75 61.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 255.75 61.10 Td (which ) Tj ET Q q 0 0 0 rg BT 282.69 61.10 Td (is ) Tj ET Q q 0 0 0 rg BT 291.86 61.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 344.89 61.10 Td (by ) Tj ET Q q 0 0 0 rg BT 357.39 61.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 397.08 61.10 Td (into ) Tj ET Q q 0 0 0 rg BT 415.13 61.10 Td (this ) Tj ET Q q 0 0 0 rg BT 432.08 61.10 Td (prospectus.) 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rg BT 204.40 451.25 Td (auditing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 421.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.47 421.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 157.93 421.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 195.83 421.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 240.96 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.21 421.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 285.68 421.25 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 338.57 421.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 356.75 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.11 421.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 424.25 421.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 477.70 421.25 Td (in ) Tj ET Q q 0 0 0 rg BT 488.40 421.25 Td (this ) Tj ET Q q 0 0 0 rg BT 505.76 421.25 Td (Prospectus ) Tj ET Q q 0 0 0 rg BT 552.01 421.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 89.48 409.25 Td (from ) Tj ET Q q 0 0 0 rg BT 111.22 409.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 144.08 409.25 Td (Funding ) Tj ET Q q 0 0 0 rg BT 179.72 409.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 200.91 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.65 409.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 250.50 409.25 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 305.27 409.25 Td (Inc.'s ) Tj ET Q q 0 0 0 rg BT 328.53 409.25 Td (Combined ) Tj ET Q q 0 0 0 rg BT 371.99 409.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 403.73 409.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 433.25 409.25 Td (on ) Tj ET Q q 0 0 0 rg BT 445.55 409.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 469.52 409.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 492.38 409.25 Td (for ) Tj ET Q q 0 0 0 rg BT 506.34 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 409.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 544.81 409.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.76 397.25 Td (December ) Tj ET Q q 0 0 0 rg BT 120.74 397.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 136.12 397.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 161.51 397.25 Td (have ) Tj ET Q q 0 0 0 rg BT 183.27 397.25 Td (been ) Tj ET Q q 0 0 0 rg BT 205.04 397.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 237.36 397.25 Td (by ) Tj ET Q q 0 0 0 rg BT 250.25 397.25 Td (Deloitte ) Tj ET Q q 0 0 0 rg BT 285.35 397.25 Td (& ) Tj ET Q q 0 0 0 rg BT 295.80 397.25 Td (T) Tj ET Q q 0 0 0 rg BT 301.21 397.25 Td (ouche ) Tj ET Q q 0 0 0 rg BT 327.98 397.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 344.65 397.25 Td (, ) Tj ET Q q 0 0 0 rg BT 350.03 397.25 Td (an ) Tj ET Q q 0 0 0 rg BT 362.36 397.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 414.12 397.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 456.43 397.25 Td (public ) Tj ET Q q 0 0 0 rg BT 484.31 397.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 531.07 397.25 Td (firm, ) Tj ET Q q 0 0 0 rg BT 553.67 397.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 75.89 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 86.23 385.25 Td (their ) Tj ET Q q 0 0 0 rg BT 107.11 385.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 136.05 385.25 Td (which ) Tj ET Q q 0 0 0 rg BT 163.05 385.25 Td (is ) Tj ET Q q 0 0 0 rg BT 172.28 385.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 225.37 385.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 252.92 385.25 Td (by ) Tj ET Q q 0 0 0 rg BT 265.48 385.25 Td (reference. ) Tj ET Q q 0 0 0 rg BT 307.72 385.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 330.29 385.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 367.83 385.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 412.60 385.25 Td (have ) Tj ET Q q 0 0 0 rg BT 434.04 385.25 Td (been ) Tj ET Q q 0 0 0 rg BT 455.48 385.25 Td (so ) Tj ET Q q 0 0 0 rg BT 466.93 385.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 520.02 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 530.36 385.25 Td (reliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.50 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.22 373.25 Td (report ) Tj ET Q q 0 0 0 rg BT 113.59 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.42 373.25 Td (such ) Tj ET Q q 0 0 0 rg BT 145.25 373.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 164.97 373.25 Td (given ) Tj ET Q q 0 0 0 rg BT 189.69 373.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 212.19 373.25 Td (their ) Tj ET Q q 0 0 0 rg BT 233.01 373.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 271.62 373.25 Td (as ) Tj ET Q q 0 0 0 rg BT 282.45 373.25 Td (experts ) Tj ET Q q 0 0 0 rg BT 313.82 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.10 373.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 370.47 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.41 373.25 Td (auditing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 343.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.11 343.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 136.12 343.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 175.89 343.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 213.44 343.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 258.22 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.12 343.25 Td (Billguard ) Tj ET Q q 0 0 0 rg BT 309.46 343.25 Td (included ) Tj ET Q q 0 0 0 rg BT 346.46 343.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.81 343.25 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 388.82 343.25 Td (99.2 ) Tj ET Q q 0 0 0 rg BT 408.88 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.78 343.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 452.90 343.25 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 507.94 343.25 Td (Inc.'s ) Tj ET Q q 0 0 0 rg BT 531.47 343.25 Td (Current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 79.28 331.25 Td (on ) Tj ET Q q 0 0 0 rg BT 91.35 331.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 115.09 331.25 Td (8-K/A) Tj ET Q q 0 0 0 rg BT 140.09 331.25 Td ( ) Tj ET Q q 0 0 0 rg BT 142.15 331.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 165.88 331.25 Td (December ) Tj ET Q q 0 0 0 rg BT 209.03 331.25 Td (18, ) Tj ET Q q 0 0 0 rg BT 223.59 331.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 248.16 331.25 Td (have ) Tj ET Q q 0 0 0 rg BT 269.10 331.25 Td (been ) Tj ET Q q 0 0 0 rg BT 290.05 331.25 Td (so ) Tj ET Q q 0 0 0 rg BT 301.01 331.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 353.61 331.25 Td (in ) Tj ET Q q 0 0 0 rg BT 363.45 331.25 Td (reliance ) Tj ET Q q 0 0 0 rg BT 397.16 331.25 Td (on ) Tj ET Q q 0 0 0 rg BT 409.23 331.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.51 331.25 Td (report ) Tj ET Q q 0 0 0 rg BT 449.45 331.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.85 331.25 Td (Kesselman ) Tj ET Q q 0 0 0 rg BT 505.79 331.25 Td (& ) Tj ET Q q 0 0 0 rg BT 515.64 331.25 Td (Kesselman, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.25 Td (an ) Tj ET Q q 0 0 0 rg BT 61.94 319.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 113.31 319.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 155.23 319.25 Td (public ) Tj ET Q q 0 0 0 rg BT 182.73 319.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 229.10 319.25 Td (firm, ) Tj ET Q q 0 0 0 rg BT 251.32 319.25 Td (given ) Tj ET Q q 0 0 0 rg BT 276.04 319.25 Td (on ) Tj ET Q q 0 0 0 rg BT 288.54 319.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.25 319.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 341.86 319.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.69 319.25 Td (said ) Tj ET Q q 0 0 0 rg BT 371.29 319.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 391.01 319.25 Td (as ) Tj ET Q q 0 0 0 rg BT 401.84 319.25 Td (experts ) Tj ET Q q 0 0 0 rg BT 433.22 319.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.50 319.25 Td (auditing ) Tj ET Q q 0 0 0 rg BT 478.77 319.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.71 319.25 Td (accounting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.60 292.25 Td (REPOR) Tj ET Q q 0 0 0 rg BT 94.25 292.25 Td (T) Tj ET Q q 0 0 0 rg BT 100.74 292.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 116.75 292.25 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 191.86 292.25 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 302.17 292.25 Td (ACCOUNTING FIRM ) Tj ET Q q 0 0 0 rg BT 402.73 292.25 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 483.01 292.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 497.00 292.25 Td (A) Tj ET Q q 0 0 0 rg BT 503.48 292.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 262.25 Td (See ) Tj ET Q q 0 0 0 rg BT 102.75 262.25 Td ("Item ) Tj ET Q q 0 0 0 rg BT 127.47 262.25 Td (15. ) Tj ET Q q 0 0 0 rg BT 142.29 262.25 Td (Exhibits ) Tj ET Q q 0 0 0 rg BT 177.93 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.69 262.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 234.21 262.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 276.52 262.25 Td (Schedule" ) Tj ET Q q 0 0 0 rg BT 319.57 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.21 262.25 Td (PFL) Tj ET Q q 0 0 0 rg BT 347.07 262.25 Td ( ) Tj ET Q q 0 0 0 rg BT 349.38 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.14 262.25 Td (PMI's ) Tj ET Q q 0 0 0 rg BT 391.42 262.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 423.17 262.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 452.70 262.25 Td (on ) Tj ET Q q 0 0 0 rg BT 465.01 262.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 488.99 262.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 511.86 262.25 Td (for ) Tj ET Q q 0 0 0 rg BT 525.83 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.36 262.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (year ) Tj ET Q q 0 0 0 rg BT 69.71 250.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 96.08 250.25 Td (December ) Tj ET Q q 0 0 0 rg BT 139.67 250.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 154.67 250.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 179.67 250.25 Td (pages ) Tj ET Q q 0 0 0 rg BT 204.94 250.25 Td (F-1 ) Tj ET Q q 0 0 0 rg BT 221.33 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.61 250.25 Td (F-64, ) Tj ET Q q 0 0 0 rg BT 255.50 250.25 Td (which ) Tj ET Q q 0 0 0 rg BT 282.44 250.25 Td (is ) Tj ET Q q 0 0 0 rg BT 291.61 250.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 344.64 250.25 Td (by ) Tj ET Q q 0 0 0 rg BT 357.14 250.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 396.82 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.10 250.25 Td (this ) Tj ET Q q 0 0 0 rg BT 424.05 250.25 Td (prospectus:) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 218.9169921875 m 158.4814453125 218.9169921875 l s q 0 0 0 rg BT 50.00 220.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 220.25 Td (osper ) Tj ET Q q 0 0 0 rg BT 84.35 220.25 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 139.88 220.25 Td (Inc.:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 202.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 202.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 142.72 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.55 202.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 205.47 202.25 Td (Registered ) Tj ET Q q 0 0 0 rg BT 250.73 202.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 278.24 202.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 327.39 202.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 349.34 202.25 Td (for ) Tj ET Q q 0 0 0 rg BT 363.50 202.25 Td (Prosper ) Tj ET Q q 0 0 0 rg BT 396.55 202.25 Td (Marketplace, ) Tj ET Q q 0 0 0 rg BT 451.53 202.25 Td (Inc.;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 184.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 184.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 168.27 184.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 202.98 184.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 231.58 184.25 Td (as ) Tj ET Q q 0 0 0 rg BT 242.41 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.24 184.25 Td (December ) Tj ET Q q 0 0 0 rg BT 296.83 184.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 311.83 184.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 334.33 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.27 184.25 Td (2015;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 166.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 168.27 166.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 214.66 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.49 166.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 271.86 166.25 Td (for ) Tj ET Q q 0 0 0 rg BT 286.02 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.74 166.25 Td (years ) Tj ET Q q 0 0 0 rg BT 324.34 166.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 350.71 166.25 Td (December ) Tj ET Q q 0 0 0 rg BT 394.30 166.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 409.30 166.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 434.30 166.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 456.80 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.74 166.25 Td (2014;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 148.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 148.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 168.77 148.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 211.75 148.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.07 148.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 248.83 148.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 314.59 148.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 347.57 148.25 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 376.12 148.25 Td (for ) Tj ET Q q 0 0 0 rg BT 390.77 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.98 148.25 Td (years ) Tj ET Q q 0 0 0 rg BT 430.07 148.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 456.94 148.25 Td (December ) Tj ET Q q 0 0 0 rg BT 501.02 148.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 516.51 148.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 542.00 148.25 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.94 136.25 Td (2014;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 118.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 118.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 168.13 118.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 214.38 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.06 118.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 274.64 118.25 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 314.19 118.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 339.33 118.25 Td (and 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88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.82 88.25 Td (years ) Tj ET Q q 0 0 0 rg BT 327.41 88.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 353.79 88.25 Td (December ) Tj ET Q q 0 0 0 rg BT 397.38 88.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 412.38 88.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 437.38 88.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 459.88 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.81 88.25 Td (2014;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 70.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 70.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 138.83 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.11 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.83 70.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 219.10 70.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 258.81 70.25 Td (Statements.) 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