management of the private fund, using knowledge and competence as a professional. The securities company shall enter into a written agreement with a person or a group of persons who has authorized the
business that could have an impact on its ability to fulfill its obligations on the debt securities or affect its solvency. Include discussion about the nature and results of any material reclassification
before date of lodgment of registration statement. E. Subordination and Limitation of Rights 1. The ability of debt securities holders to enforce their rights as creditors of the issuer depends on whether
Describe material events in the development of the issuer’s business that could have an impact on its ability to fulfill its obligations on the debt securities or affect its solvency. Include discussion
strategy of diversifying its revenue streams within its area of core competence. This same strategy has continued to play a vital role in its ability to deliver industry- leading performance and providing a
competence. This same strategy has continued to play a vital role in its ability to deliver industry- leading performance and providing a natural hedge against short-term volatility in product margins. Core
characteristics as follows: (1) having deficiency in legal competence or having been subject to any legal proceeding under the law governing capital market or having untrustworthy characteristics as specified by
independent qualified valuer and should be dated not more than 6 months before date of lodgment of prospectus. E. Subordination and limitation of rights 1. The ability of debt security holders to enforce their
coming on-stream in 2018, as discussed in forthcoming sections, are providing im- petus to our business and our ability to generate positive operating cash flows. The Company reduced its leverage ratio